EXHIBIT 3
TRANSWORLD HOME HEALTHCARE, INC.
00 Xxxxxxx Xxxxx
Xxxxxxxxx, Xxx Xxxx 00000
January 10, 1997
Health Management, Inc.
and Each of Its Subsidiaries
Appearing as Signatories Below
0000-X Xxxxxx Xxxxx
Xxxxxxx Xxxxx, Xxxxxxxx 00000
Attention: Xx. Xxxx Xxxxxxxx
Re: HMI Senior Credit Facility
--------------------------
Ladies and Gentlemen:
Reference is made to the letter agreement dated November 13, 1996
among Transworld Home HealthCare, Inc. and the Loan Parties, as amended by
letter agreements dated December 12, 1996 and December 23, 1996 (as amended, the
"Forbearance Agreement"). Capitalized terms used herein and not otherwise
defined shall have the meanings assigned to them in the Forbearance Agreement.
1. Section 2 of the Forbearance Agreement is hereby amended by
replacing the date "January 10, 1997" with "January 13, 1997".
Except as expressly amended hereby, each and every representation,
warranty, term, covenant and condition of the Forbearance Agreement, and all
obligations of the Loan
Parties thereunder, shall remain unamended and in effect in accordance with
their respective terms.
Very truly yours,
TRANSWORLD HOME HEALTHCARE, INC.,
as New Lender
By: /s/ Xxxxxxx X. Xxxxxx
------------------------------------
Name: Xxxxxxx X. Xxxxxx
Title: Executive Vice President and
Chief Administrative Officer
ACCEPTED AND AGREED:
HEALTH MANAGEMENT, INC.
By: /s/ W. Xxxxx Xxxxx
---------------------------------------------
Name: W. Xxxxx Xxxxx
Title: Chief Executive Officer and President
HOME CARE MANAGEMENT, INC.
HMI ILLINOIS, INC.
HMI PENNSYLVANIA, INC.
HEALTH REIMBURSEMENT CORPORATION
HMI RETAIL CORP., INC.
HMI PMA, INC.
HMI MARYLAND, INC.
By: /s/ W. Xxxxx Xxxxx
---------------------------------------------
Name: W. Xxxxx Xxxxx
Title: Secretary
