SEC Contract Filing

Filing Date: 2022-01-04

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>brhc10032516_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">AMENDMENT NO. 3</div>
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 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">AGREEMENT AND PLAN OF MERGER AND REORGANIZATION</div>
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 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman'; font-size: 10pt;">This Amendment No. 3 to Agreement and Plan of Merger and Reorganization (this &#8220;<font style="font-weight: bold; font-style: italic;">Amendment</font>&#8221;)
 is made and entered into as of December 28, 2021, by and among I-ON DIGITAL CORP., a Delaware corporation (the &#8220;<font style="font-weight: bold; font-style: italic;">Company</font>&#8221;), CDI ACQUISITION CORP., a Delaware corporation (&#8220;<font style="font-weight: bold; font-style: italic;">Acquisition</font><font style="font-style: italic;">&#8221;) </font>and CARDIO DIAGNOSTICS, INC., a Delaware corporation (&#8220;<font style="font-weight: bold; font-style: italic;">CDI</font>&#8221;).</div>
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 <div style="text-align: justify; text-indent: 36pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">A.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Company, Acquisition, CDI and the shareholders of CDI (the &#8220;<font style="font-weight: bold; font-style: italic;">CDI
 Shareholders</font>&#8221;) entered into that certain Agreement and Merger and Reorganization dated as of April 27, 2021 (the &#8220;<font style="font-weight: bold; font-style: italic;">Merger Agreement</font>&#8221;) as amended on August 29, 2021 and October 11,
 2021.</font></div>
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 <div style="text-align: justify; text-indent: 36pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">B.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The parties hereto now desire to amend the Merger Agreement in accordance with <u>Section 8.11</u> of the Merger Agreement as
 hereinafter provided.</font></div>
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 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman'; font-size: 10pt;">NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and sufficiency of which are hereby
 acknowledged, the parties hereto hereby agree as follows:</div>
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 <div style="text-align: justify; margin-left: 4.5pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">1.</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="color: rgb(0, 0, 0);"><u>Amendment</u>.</font></font></div>
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 <div style="text-align: justify; margin-left: 36pt; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><font style="font-family: 'Times New Roman';"><u>Section 7.1(a)</u> of the Merger Agreement is hereby deleted in its
 entirety and amended and restated in its entirety to read as follows:</font></div>
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 <div style="text-align: justify; text-indent: 31.5pt; margin-left: 36pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;">(a) This Agreement may be terminated by either the CDI Directors or the Company Board at any time prior to the
 Closing Date if: (i) there shall be any actual or threatened action or proceeding be