SEC Contract Filing

Filing Date: 2017-02-17

Document Content:
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<TYPE>EX-10.1
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<FILENAME>v459937_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

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<P STYLE="margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AMENDMENT AGREEMENT NO. 4</B></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 Amendment Agreement
No. 4 (the &quot;<B>Agreement</B>&quot;) dated as of February 17, 2017, is by and between Great Basin Scientific, Inc., a Delaware
corporation with offices located at 420 E. South Temple, Suite 520, Salt Lake City, Utah 84111 (the &quot;<B>Company</B>&quot;),
and the Holder whose signature is set forth below (the &quot;<B>Holder</B>&quot;). All terms used and not defined herein are used
as defined in the Securities Purchase Agreement and the Notes (each as defined below), as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: left">WHEREAS:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company, the Holder and other Buyers executed and delivered a Securities Purchase Agreement (the &quot;<B>Securities Purchase Agreement</B>&quot;)
dated as of June 29, 2016 in reliance upon the exemption from securities registration afforded by Section 4(a)(2) of the 1933 Act,
and Rule 506(b) of Regulation D as promulgated by the SEC under the 1933 Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company authorized the issuance of senior secured convertible notes of the Company (as amended from time to time prior to the date
hereof, the &quot;<B>Notes</B>&quot;), in the aggregate original principal amount of $75,000,000 which Notes are convertible into
shares of Common Stock, in accordance with the terms of the Notes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
compliance with Section 19 of the Notes, the Company and the Holder, which alone represents the Required Holders (as defined in
each of the Notes), desire to further amend each of the Notes as set forth herein, which amendments shall be binding on the holders
of all Notes outstanding as of the execution and delivery of this Agreement by the Company and the Holder (such time, the &quot;<B>Effective
Time</B>&quot;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE</B>,
in consideration of the premises and the mutual covenants contained herein and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby 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"><B>1. NO CHANGE TO
TERMS EXCEPT AS SET FORTH.</B> Except as explicitly set forth in this Agreement, all terms of the Securities Purchase Agreement,
the Notes, the Warrants, the Security Documents and other Transaction Documents, as amended prior to the date hereof, are, and
shall continue to be, in full force and effect and are hereby ratified and confirmed in all respects. Except as explicitly set
forth herein, the Holder reserves all of its rights, remedies, powers, and privileges. All references herein and in the Securities
Purchase Agreement, the Notes, the Warrants, the Security Documents and other Transaction Documents to the Notes shall mean on
and after the Effective Time, respectively, the Securities Purchase Agreement, Notes, Warrants, the Security Documents and such
other Transaction Documents, each as amended by this 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"><B>2. CHANGES TO THE
NOTES.</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
3(b)(ii) of the Notes is hereby amended and restated in its entirety, as follows:</P>

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