Additional Debtor Joinder to Security Agreement by Guided Therapeutics, Inc.

Contract Categories: Business Finance › Joinder Agreements
Summary

This document adds a new party as an additional debtor to the Security Agreement originally made by Guided Therapeutics, Inc. and its subsidiaries. By signing, the new debtor agrees to be bound by all terms of the Security Agreement, including granting a security interest in its collateral to the secured parties and waiving the right to a jury trial. The joinder is effective upon delivery to the secured parties and cannot be changed or terminated without their written consent.

Read More Arrow
EX-10.48 42 gthp_ex1048.htm MATERIAL CONTRACTS gthp_ex1048
 
Exhibit 10.48
 
FORM OF ADDITIONAL DEBTOR JOINDER
 
Security Agreement dated as of December 30, 2019 made by Guided Therapeutics, Inc. and its subsidiaries party thereto from time to time, as Debtors to and in favor of the Secured Parties identified therein (the “Security Agreement”)
 
Reference is made to the Security Agreement as defined above; capitalized terms used herein and not otherwise defined herein shall have the meanings given to such terms in, or by reference in, the Security Agreement.
 
The undersigned hereby agrees that upon delivery of this Additional Debtor Joinder to the Secured Parties referred to above, the undersigned shall (a) be an Additional Debtor under the Security Agreement, (b) have all the rights and obligations of the Debtors under the Security Agreement as fully and to the same extent as if the undersigned was an original signatory thereto and (c) be deemed to have made the representations and warranties set forth therein as of the date of execution and delivery of this Additional Debtor Joinder. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, THE UNDERSIGNED SPECIFICALLY GRANTS TO THE SECURED PARTIES A SECURITY INTEREST IN THE COLLATERAL AS MORE FULLY SET FORTH IN THE SECURITY AGREEMENT AND ACKNOWLEDGES AND AGREES TO THE WAIVER OF JURY TRIAL PROVISIONS SET FORTH THEREIN.
 
Attached hereto are supplemental and/or replacement Schedules to the Security Agreement, as applicable.
 
An executed copy of this Joinder shall be delivered to the Secured Parties, and the Secured Parties may rely on the matters set forth herein on or after the date hereof. This Joinder shall not be modified, amended or terminated without the prior written consent of the Secured Parties.
 
 
 
 
IN WITNESS WHEREOF, the undersigned has caused this Joinder to be executed in the name and on behalf of the undersigned. [Name of Additional Debtor
 
By: Name:
Title:
Address:
Dated: