SEC Contract Filing

Filing Date: 2016-10-31

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>v451112_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.2</B></P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">New York, New York Dated: ______ __, 2016</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">In order to
induce Integrated Surgical Systems, Inc. (herein called &ldquo;<U>Maker</U>&rdquo;) to make the loan evidenced by the Promissory
Note, executed by</FONT> _______<FONT STYLE="font-size: 10pt">, a Nevada corporation (the &ldquo;<U>Obligor</U>&rdquo;) and dated
as of an even date herewith (the &ldquo;<U>Note</U>&rdquo;) or grant other financial accommodations to or for the account of (or
in reliance on the credit of) the Obligor, the undersigned, ____ an [individual/corporation and a United States citizen] with a
business address at _______, irrevocably, absolutely and unconditionally guarantees to Maker the punctual payment when due, whether
at stated maturity, by acceleration or otherwise, of all obligations of Obligor now or hereafter existing under the Note, whether
for principal, interest (including without limitation interest accruing after the filing of any petition in bankruptcy or suspension
of payments or the commencement of any insolvency, reorganization, arrangement, adjustment or like proceeding, relating to Obligor,
whether or not allowable as a claim), fees, expenses (including reasonable attorneys&rsquo; fees and expenses), indemnities or
otherwise (such obligations being the &ldquo;<U>Guaranteed Obligations</U>&rdquo;). Without limiting the generality of the foregoing,
the liability of the undersigned shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed
by Obligor to the Maker under the Note but for the fact that they are unenforceable or not allowable due to the existence of a
bankruptcy, reorganization or similar proceeding involving Obligor. </FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The undersigned guarantees that the Guaranteed
Obligations will be paid strictly in accordance with the terms of the Note, regardless of any law, regulation or order now or hereafter
in effect in any jurisdiction affecting any of such terms or the rights of the undersigned with respect thereto. The obligations
of the undersigned hereunder are independent of the Guaranteed Obligations, and a separate action or actions may be brought and
prosecuted against the undersigned to enforce this Agreement, irrespective of whether any action is brought against Obligor or
whether Obligor is joined in any such action or actions. The liability of the undersigned under this Agreement shall be absolute
and unconditional irrespective of, and the undersigned hereby irrevocably waives any right that it now or hereinafter may have
to assert as a defense, any of the following: (i) any lack of validity or enforceability of the Note or any agreement or instrument
relating thereto; (ii) any change in the time, manner or place of payment of, or in any other term of, all or any of the Guaranteed
Obligations, or any other amendment or waiver of or any consent to departure from the Note; (iii) any taking, exchange, release
or non-perfection of any collateral, or any taking, release or amendment or waiver of or consent to departure from any other guarantee,
for all or any of the Guaranteed Obligations; (iv) any manner of application of collateral, or proceeds thereof, to all or any
of the Guaranteed Obligations, or any manner of sale or other disposition of any collateral for all or any of the Guaranteed Obligations
or any other assets of Obligor; (v) any change, restructuring or termination of the limited liability corporate existence of Obligor;
or (vi) any other circumstance (including, without limitation, any statute of limitations) that might otherwise constitute a defense
available to, or a discharge of, Obligor or the undersigned.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This guarantee shall continue to be effective
or be reinstated, as the case may be, if at any time any payment of any of the Guaranteed Obligations is rescinded or must otherwise
be returned by the undersigned upon the insolvency, bankruptcy or reorganization of Obligor or otherwise, all as tho