SEC Contract Filing

Filing Date: 2023-05-17

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tm2316043d2_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.1</B></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">WARRANT REPURCHASE AGREEMENT</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This <FONT STYLE="text-transform: uppercase">Warrant
Repurchase Agreement</FONT> (this &#8220;<U>Agreement</U>&#8221;) is made as of May 16, 2023, by and between Semler Scientific, Inc.,
a Delaware corporation (the &#8220;<U>Company</U>&#8221;), and the undersigned holder of warrants to purchase shares of the Company&#8217;s
capital stock (the &#8220;<U>Warrantholder</U>,&#8221; and together with the Company, the &#8220;<U>Parties</U>&#8221;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Warrantholder
had purchased warrants (each a &#8220;<U>Warrant</U>&#8221; and together the &#8220;<U>Warrants</U>&#8221;) from the Company and the Company
had issued Warrants to acquire (i) 16,875 shares of Company Common Stock, par value $0.001 per share (the &#8220;<U>Common Stock</U>&#8221;),
at an exercise price of $4.00 per share, which expire on July 31, 2023, and (ii) 60,000 shares of Company Common Stock at an exercise
price of $4.50 per share, which expire on July 31, 2023, which together represent an aggregate of 76,875 shares of Company Common Stock,
as set forth in greater detail on <U>Schedule A</U> at such exercise prices per share of Common Stock as listed on <U>Schedule A</U>;
and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Warrantholder
wishes to sell to the Company and the Company wishes to purchase from the Warrantholder certain of the Warrants, as indicated on <U>Schedule
A</U> hereto on the terms set forth herein, such repurchased Warrants, are henceforth referred to as the &#8220;<U>Repurchase Warrants</U>.&#8221;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, intending
to be legally bound and in consideration of the mutual provisions set forth in this Agreement and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><U>Sale and Purchase of Repurchase Warrants</U><B>.</B> Subject to the terms and conditions hereof,
at the Closing (as defined in Section 2 below), the Warrantholder hereby agrees to sell to the Company, and the Company hereby agrees
to purchase from the Warrantholder, the Repurchase Warrants. The Company and the Warrantholder hereby irrevocably acknowledge and agree
that, upon the sale of the Repurchase Warrants, the Warrantholder shall be entitled to receive an amount equal to the excess of the aggregate
fair market value of the Repurchase Warrants over the aggregate exercise price of the Repurchase Warrants (such payments collectively,
the &#8220;<U>Purchase Price</U>&#8221;), as specified on <U>Schedule A</U> hereto, subject to the Company&#8217;s collection of all applicable
withholding taxes, if applicable.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><U>Closing Date</U><B>.</B> The closing of the sale and purchase of the Warrants under this Agreement
(the &#8220;<U>Closing</U>&#8221;) shall take place at such place and time as the Company and the Warrantholder may mutually agree as
long as such date is prior to the expiration of the Repurchase Warrants (such date is hereinafter referred to as the &#8220;<U>Closing
Date</U>&#8221;). </FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><U>Delivery</U><B>.</B> At the Closing, subject to the t