AMENDMENT TO 12% ISSUE DISCOUNT CONVERTIBLE DEBENTURE DATED JULY 29, 201512% Issue Discount Convertible Debenture • October 16th, 2015 • Catasys, Inc. • Services-misc health & allied services, nec
This Amendment also confirms that, pursuant to Section 4 of the Debenture, at any time after the Original Issue Date until the Debenture is no longer outstanding, the Debenture shall be convertible, in whole or in part, into shares of Common Stock at the option of the Holder, at any time and from time to time. Pursuant to Section 6(e) of the Debenture, if at any time the Company provides the Holder with a Mandatory Redemption Notice in accordance with Section 6(d), until such time as the Mandatory Redemption Price is paid in full, the principal amount subject to redemption may be converted, in whole or in part, by the Holder into Common Stock.
