Exhibit 10.28
AMENDMENT NO. 1 TO NOTE AND
WARRANT PURCHASE AGREEMENT
AMENDMENT No. 1 (this “
Amendment ”), dated as of March 29, 2005, to the Note
and Warrant Purchase Agreement (the “ Agreement
”), dated as of February 22, 2005, among Fischer Imaging
Corporation, a Delaware corporation (the “ Company
”), and ComVest Investment Partners II LLC, a Delaware
limited liability company (“ComVest”). Capitalized
terms used but not defined herein shall have the meanings assigned
to such terms in the Agreement.
RECITALS:
WHEREAS, the Company and ComVest
have entered into the Agreement;
WHEREAS, pursuant to and in
accordance with Section 10.7 of the Agreement, the parties wish to
amend the Agreement as set forth in this Amendment;
NOW, THEREFORE, in consideration of
the rights and obligations contained herein, and for other good and
valuable consideration, the adequacy of which is hereby
acknowledged, the parties agree as follows:
Section
1.
Amendments to the Agreement . (a) The third WHEREAS clause
of the Agreement is hereby amended by deleting the parenthetical at
the end thereof and replacing it with the following: “(each,
as the same may be amended or restated from time to time, a
“ Warrant
” and
collectively, the “ Warrants ”)”.
(b)
Section 5.11(i) of the Agreement is hereby amended by adding the
following after the word “indicated” and before the
colon: “(except to the extent of any changes to EBITDA the
may result from charges to EBITDA due to the implementation or
exercise of the Put Option (as defined in the
Warrants)”.
(c)
Section 5.12(c) of the Agreement is hereby amended by deleting the
word “and” before clause (ii) thereof and adding the
following after the end of clause (ii) thereof and before the first
semi-colon: “and (iii) Indebtedness incurred as a result of
the exercise of the Put Option or in order to fund the payment
required to be made by the Company upon exercise of the Put
Option”.
(d)
Section 5.12(e) of the Agreement is hereby amended by adding the
following at the end thereof: “, except for the purchase of
the Warrants if the Put Option thereunder is
exercised”.
(e)
Section 5.12(f) of the Agreement is hereby amended by adding the
following at the end thereof: “, except payment of the
purchase price for the Warrants if the Put Option thereunder is
exercised”.
(f)
Section 5.12(i) of the Agreement is hereby amende