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EXHIBIT 10.13
FIFTH AMENDMENT TO
AGREEMENT OF LIMITED PARTNERSHIP
OF
HEART HOSPITAL IV, L.P.
THIS FIFTH AMENDMENT (the "Amendment") is effective as of the 31st day
of December, 1997 and is entered into by and among HEART HOSPITAL IV, L.P., a
Texas limited partnership (the "Partnership"), HOSPITAL MANAGEMENT IV, INC., a
North Carolina corporation which is the general partner of the Partnership
("HM") and each of the undersigned parties (the "Limited Partners").
RECITALS:
1. Prior to the date hereof, the parties hereto have entered into
and become a party to the Agreement of Limited Partnership of the Partnership
dated as of February 22, 1996 (as amended from time to time, in the "Partnership
Agreement");
2. The parties desire to further amend the Partnership Agreement
in accordance with the terms of this Amendment;
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto agree as
follows:
1. All defined terms set forth in the Partnership Agreement shall
have the same meaning in this Amendment except as otherwise provided herein.
2. Section 5.2(i) of the Partnership Agreement is hereby amended
to delete the phrase "payable by Medicare or Medicaid".
3. Section 5.6(b)(ii) of the Partnership Agreement is hereby
amended to add the following provision at the end thereof:
The parties acknowledge and agree that the Management Fee paid
to HM has been set in advance, is consistent with the fair
market value in an arm's-length transaction for the management
services, and has not been determined in any manner that takes
into account the volume or value of any referrals or business
otherwise generated among the Partnership, HM and/or the
Investor Partners.
4. The following new Section 11.4 is hereby added to the
Partnership Agreement:
11.4 Amendments and Modifications to Article V. The Parties
acknowledge and agree that if the provisions set forth in
Article V of this Agreement are terminated or the compensation
provisions are modified, no other agreement, for same or
similar items and/or services provided under
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this Agreement, may be executed between the Parties until the
next anniversary date of such termination or modification,
except for the sole purpose of adopting modifications as
required by law or recommended by counsel to further legal
compliance.
5. Except as expressly provided herein, the Partnership Agreement
remains in full force and effect.
6. This Amendment may be executed in any number of separate
counterparts, each of which shall be deemed to be original, and the several
counterparts taken together shall constitute the binding agreement of the
parties hereto.
7. This Amendment will be effective once it has been executed by
Partners holding, in the aggregate, the percentage of Partnership Interests
necessary to amend the Agreement, as set forth in the Partnership Agreement.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as
of the day and year first above written.
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