ACTIVECARE, INC. - FORM 10-Q - EX-10.6 - FORM OF ADDENDUM #1 TO SETTLEMENT AGREEMENT BY AND AMONG ACTIVECARE, INC. AND BLUESTONE ADVISORS, LLC - February 24, 2016

Attached files

file filename
10-Q - ACTIVECARE, INC. 10Q 2015-12-31 - ACTIVECARE, INC.10q.htm
EX-10.4 - FORM OF MERCHANT AGREEMENT DATED FEBRUARY 11, 2016 - ACTIVECARE, INC.exh104.htm
EX-10.2 - FORM OF EXCHANGE AGREEMENT BY AND AMONG ACTIVECARE, INC. AND THE HOLDERS OF ACTIVECARE SERIES F CONVERTIBLE PREFERRED STOCK - ACTIVECARE, INC.exh102.htm
EX-10.3 - FORM OF NOTICE OF CONVERSION BY AND AMONG ACTIVECARE, INC. AND THE HOLDERS OF ACTIVECARE 12% SUBORDINATED CONVERTIBLE PROMISSORY NOTES - ACTIVECARE, INC.exh103.htm
EX-10.5 - FORM OF SETTLEMENT AGREEMENT DATED FEBRUARY 9, 2016 - ACTIVECARE, INC.exh105.htm
EX-10.1 - FORM OF LOAN AND SECURITY AGREEMENT BETWEEN ACTIVECARE, INC. AND PARTNERS FOR GROWTH IV, L.P. DATED FEBRUARY 19, 2016 - ACTIVECARE, INC.exh101.htm
EX-10.8 - FORM OF SECURED CONVERTIBLE PROMISSORY NOTE BY AND AMONG ACTIVECARE, INC. AND TONAQUINT, INC. - ACTIVECARE, INC.exh108.htm
EX-10.9 - FORM OF ASSET PURCHASE AND SALE AGREEMENT DATED NOVEMBER 2, 2015 - ACTIVECARE, INC.exh109.htm
EX-31.1 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 - ACTIVECARE, INC.exh311.htm
EX-32.1 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER AND PRINCIPAL FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 - ACTIVECARE, INC.exh321.htm
EX-10.12 - FORM OF WARRANT AGREEMENTS BY AND AMONG ACTIVECARE, INC. AND THE HOLDERS OF ACTIVECARE SERIES F CONVERTIBLE PREFERRED STOCK - ACTIVECARE, INC.exh1012.htm
EX-10.10 - FORM OF ADDENDUM TO NOTE PAYABLE DATED FEBRUARY 16, 2016 - ACTIVECARE, INC.exh1010.htm
EX-10.1 - FORM OF WARRANT AGREEMENTS RELATED TO THE PARTNERS FOR GROWTH LOAN AND SECURITY AGREEMENT - ACTIVECARE, INC.exh1013.htm
EX-10.11 - FORM OF DEBENTURE AGREEMENT BY AND AMONG ACTIVECARE, INC. AND THE HOLDERS OF ACTIVECARE SERIES F CONVERTIBLE PREFERRED STOCK - ACTIVECARE, INC.exh1011.htm
EX-31.2 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 - ACTIVECARE, INC.exh312.htm
EX-10.7 - FORM OF SECURED CONVERTIBLE PROMISSORY NOTE BY AND AMONG ACTIVECARE, INC. AND ADP MANAGEMENT CORPORATION - ACTIVECARE, INC.exh107.htm
Exhibit 10.6
Addendum #1 to the Settlement Agreement
Between ActiveCare, Inc. and Bluestone Advisors
Dated September 23, 2015


On this day of February 16, 2016, this Addendum#1 associated with the Settlement Agreement dated September 23, 2015 by and between ActiveCare, Inc. (Borrower) and Bluestone Advisors (Lender) is agreed to be altered in the following to points:

1)
Lender agrees to subordinate said debt to PFG;

2)
Lender will be able to convert such loan at $0.06 per common share, up to a maximum of 20 million common shares associated with such note.  Borrower will provide 10 business days' notice to Lender of intent to pay loan wherein Lender shall have the right to convert such payment to shares of common stock at such conversion as noted herein.

3)
Should the Borrower be unable to make agreed upon payment of such notes to Lender on January 1, 2017 because of PFG unwillingness, inability due to cash position, or unwillingness for reasons unknown at this time, then penalty shares shall be issued amounting to 4,477,780 within 10 business days after such time.


It is noted that the outstanding principal and interest of said notes associated with the Settlement Agreement dated September 23, 2015 as of this day of February 16, 2016 is $3,302,363.10.  Further, all covenants, collateral, provision, definitions, and in summary, all items contained within the agreements are unchanged and are in full force and effect with the exception of Paragraphs 1, 2 and 3 provided above in Addendum #1.



Borrower:                                                                      ACTIVECARE, INC.
A Delaware Corporation


By _______________________________
     James Dalton, CEO



The Lender:                                                                      Bluestone Advisors, LLC



By _______________________________
     Jeffrey Peterson, Manager


 

ACTIVECARE, INC. Reports