Letter Agreement dated October 5, 2011 amending Credit Facility under 2009 and 2010 Securities Purchase AgreementsCredit Facility Amendment • October 12th, 2011 • NewCardio, Inc. • Electromedical & electrotherapeutic apparatus
Reference is made to (a) that certain Securities Purchase Agreement, dated as of July 30, 2009, between NewCardio, Inc., a Delaware corporation (the “Company”), and each purchaser identified on the signature pages thereto (collectively, the “Purchasers”), pursuant to which the Purchasers were issued the Company’s 12% Secured Revolving Debentures due, subject to the terms therein, September 30, 2011 (the “2009 Debentures”), in the aggregate principal amount of $3,000,000, as amended by amendments dated September 14, 2009, December 22, 2009, May 3, 2010, and July 28, 2010 (as amended, the “2009 Purchase Agreement”), and (b) that certain Securities Purchase Agreement, dated as of July 28, 2010, between the Company and the Purchasers, pursuant to which the Purchasers were issued the Company’s 12% Secured Revolving Debentures due, subject to the terms therein, September 30, 2011 (the “2010 Debentures”), in the aggregate principal amount of $900,000 (the “2010 Purchase Agreement” and, togeth
