SEC Contract Filing

Filing Date: 2016-09-28

Document Content:
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<TYPE>EX-10.2
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<FILENAME>d272230dex102.htm
<DESCRIPTION>EX-10.2
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>EXECUTION VERSION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>REGISTRATION RIGHTS AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>REGISTRATION RIGHTS AGREEMENT</B> (this &#147;<B>Agreement</B>&#148;), dated as of September 26, 2016, by and among Stereotaxis, Inc., a
Delaware corporation, with principal office located at 4320 Forest Park Avenue, Suite 100, St. Louis, MO 63108 (the &#147;<B>Company</B>&#148;), and the undersigned buyers (each, a &#147;<B>Buyer</B>&#148; and, collectively, the
&#147;<B>Buyers</B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS:</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A. In connection with the Securities Purchase Agreement by and among the parties hereto of even date herewith (the &#147;<B>Securities
Purchase Agreement</B>&#148;), the Company has agreed, upon the terms and subject to the conditions of the Securities Purchase Agreement, to issue and sell to the Buyers at the Closing (as defined in the Securities Purchase Agreement) (i) an
aggregate of 24,000 shares (the &#147;<B>Preferred Shares</B>&#148;) of a newly created series of preferred stock, with a stated value of $1,000 per share (the &#147;<B>Preferred Stock</B>&#148;), designated Series A Convertible Preferred Stock,
which shall be convertible into shares of the Company&#146;s common stock, par value $0.001 per share (the &#147;<B>Common Stock</B>&#148;; the shares of Common Stock issuable upon conversion of the Preferred Shares referred to as the
&#147;<B>Conversion Shares</B>&#148;), in accordance with the terms of the Company&#146;s Certificate of Designations, Preferences and Rights of the Series A Convertible Preferred Stock (as the same may be amended, restated, modified or supplemented
and in effect from time to time, the &#147;<B>Certificate of Designations</B>&#148;), and (ii) warrants to purchase an aggregate of 36,923,077 shares of Common Stock (as the same may be amended, restated, modified or supplemented and in effect from
time to time, the &#147;<B>Warrants</B>&#148;; the shares of Common Stock issuable upon exercise of the Warrants being referred to as the &#147;<B>Warrant Shares</B>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">B. To induce the Buyers to execute and deliver the Securities Purchase Agreement, contemporaneously with the execution of the Securities
Purchase Agreement, the Company has agreed to provide certain registration rights under the Securities Act of 1933, as amended, or any similar successor statutes, and the rules and regulations thereunder (collectively, the &#147;<B>1933
Act</B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOW, THEREFORE,</B> in consideration of the premises and the mutual covenants contained herein and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and each of the Buyers hereby agree as follows: </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"><U>DEFINITIONS</U>. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">As used in this Agreement, the following terms shall have the following
meanings: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">a. <B>&#147;1934 Act&#148;</B> means, collectively, the Securities and Exchange Act of 1934, as amended, and the rules and
regulations thereunder, or any similar successor statutes.</P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">b. <B>&#147;Business Day&#148; </B>means any day other than Saturday, Sunday or any other day on
which commercial banks in the City of New York are authorized or required by law to remain closed. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">c. <B>&#147;Cutback Effectiveness
Date&#148;</B> means the date a Cutback Registration Statement is declared effective by the SEC. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">d. <B>&#147;Cutback Filing
Deadline&#148; </B>means, if Cutback Shares are required to be included in a Cutback Registration Statement, the date that is the earlier of (i)&nbsp;the later of (A) six&nbsp;(6) months from the Initial Effectiveness Date or the then-most recent
Cutback Effectiveness Date, as applicable, and (B)&nbsp;sixty&nbsp;(60) days after the Company has been informed that substantially all of the Registrable Securities held by the Investors included in any Registration Statements previously declared
effective hereunder have been sold in accordance therewith, or (ii) the first date on which the Company is then permitted by the SEC to r