SEC Contract Filing

Filing Date: 2016-01-14

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>a16-1831_1ex10d2.htm
<DESCRIPTION>EX-10.2
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;10.2</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXECUTION VERSION</font></b></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">January&nbsp;8, 2016</font></p>
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<p style="margin:0in 0in .0001pt .1pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Allied Motion Technologies Inc.</font></p>
<p style="margin:0in 0in .0001pt .1pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">495 Commerce Drive Suite&nbsp;3</font></p>
<p style="margin:0in 0in .0001pt .1pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Amherst, NY&#160; 14228</font></p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Re:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Consent and Amendment No.&nbsp;3 to Note Agreement</u></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ladies and Gentlemen:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Reference is made to that certain Note Agreement, dated as of October&nbsp;18, 2013 (as amended by Amendment No.&nbsp;1 to Note Agreement dated October&nbsp;20, 2014 and Amendment No.&nbsp;2 to Note Agreement dated as of June&nbsp;22, 2015, the &#147;<b>Note Agreement</b>&#148;), among Allied Motion Technologies Inc., a Colorado corporation (the &#147;<b>Company</b>&#148;), and the purchasers named in the Purchaser Schedule attached thereto.&#160; Capitalized terms used and not otherwise defined herein shall have the meanings assigned to such terms in the Note Agreement.</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company has requested that the Required Holder(s): (a)&nbsp;consent to the proposed acquisition by Allied B.V. of the capital stock of Heidrive GmbH for a purchase price of approximately &#128;23,000,000 (the &#147;<b>Acquisition</b>&#148;); and (b)&nbsp;agree to modify the Note Agreement as set forth below.&#160; Subject to the terms and conditions hereof, and provided that the Company agrees to the modifications of the Note Agreement set forth below, the Required Holder(s)&nbsp;are willing to agree to the Company&#146;s requests.</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Accordingly, and in accordance with the provisions of paragraph 12C of the Note Agreement, the parties hereto agree as follows:</font></p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SECTION&nbsp;1.</font></b><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><b><u style="font-weight:bold;">Acquisition</u></b><b>.</b></p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1.1</font></b><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><b><u style="font-weight:bold;">Consent</u></b>.&#160; Effective upon the Effective Date (as defined in Section&nbsp;3 hereof) and subject to satisfaction of all conditions specified in Section&nbsp;1.2 hereof, the Required Holder(s)&nbsp;hereby consent to the Acquisition (this &#147;<b>Consent</b>&#148;), as follows:</p>
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