ACKNOWLEDGMENT AND WAIVER OF CERTAIN PROVISIONS OF THE VOTING AND STANDSTILL AGREEMENT.
Exhibit 10.4
ACKNOWLEDGMENT AND WAIVER OF
CERTAIN PROVISIONS OF THE VOTING AND STANDSTILL AGREEMENT.
CERTAIN PROVISIONS OF THE VOTING AND STANDSTILL AGREEMENT.
Reference is made to that certain Voting and Standstill Agreement (the “Voting and Standstill
Agreement”) made and entered into as March 19, 2010, between United American Healthcare
Corporation, a Michigan corporation (“UAHC”) and St. Xxxxxx Investments, LLC, an Illinois limited
liability company (“St. Xxxxxx”) as amended by that certain Amendment to Voting and Standstill
Agreement executed June 7, 2010 by UAHC and St. Xxxxxx and by that certain Agreement to Join the
Voting and Standstill Agreement, executed June 7, 2010, by The Dove Foundation, an Illinois trust
(the “Dove Foundation”), and acknowledged and accepted by UAHC and St. Xxxxxx.
Reference is also made to that certain Securities Purchase Agreement by and among certain
members of Pulse Systems, LLC, a Delaware limited liability company (“Pulse”) and UAHC pursuant to
which UAHC is acquiring all of the common units of Pulse (the “Acquisition”).
The parties acknowledge that, but for this Acknowledgment and Waiver, the Acquisition would be
considered a “Triggering Event” under the Voting and Standstill Agreement; however, by executing
this Acknowledgement and Waiver, each of UAHC, St. Xxxxxx and The Dove Foundation agrees that the
Acquisition shall not be considered a “Triggering Event” under the Voting and Standstill Agreement
notwithstanding the language of the Voting and Standstill Agreement.
Signatures on the Following Page
1
In Witness Whereof, each of the undersigned has caused this Acknowledgment
and Waiver to be executed intending it to take effect as an instrument effective as
of June 18, 2010. This Acknowledgment and Waiver may be executed in one or more
counterparts and by facsimile, each of which shall constitute an original, and all
of which together shall constitute one and the same instrument.
UNITED AMERICAN HEALTHCARE CORPORATION | ST. XXXXXX INVESTMENT, LLC, | |||||||||
By: | FIFE TRADING, INC., its Manager | |||||||||
By:
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/s/ Xxxxxxx X. Xxxxxx
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By: | /s/ Xxxx X. Xxxx
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Title: President and Chief Executive Officer | ||||||||||
THE DOVE FOUNDATION | ||||||||||
By:
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/s/ Xxxxx X. Xxxxxxxx
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S