AMENDMENT NO. 1 TO INTERCOMPANY REVOLVING LOAN AGREEMENT
Exhibit 10.26
AMENDMENT NO. 1
TO
INTERCOMPANY REVOLVING LOAN AGREEMENT
This AMENDMENT NO. 1 TO INTERCOMPANY REVOLVING LOAN AGREEMENT (the “Amendment”), dated as of March 28, 2014, is entered into by and between Apollo Medical Management, Inc. (“Lender”) and Maverick Medical Group Inc. (“Borrower”).
WHEREAS, the parties hereto entered into that certain Intercompany Revolving Loan Agreement dated as of February 1, 2013 (the “Loan Agreement”);
1. | Article 1 is hereby amended to add a new Subsection 1.11A as follows: |
“Management Agreement” shall mean the Amended and Restated Management Services Agreement, dated as of March 28, 2014, between Lender and Borrower.
2. | Article 1 is hereby amended to add a new Subsection 1.13A as follows: |
“Physician” shall mean Xxxxxx Xxxxxxxxxx, M.D.
3. | Article 2 is hereby amended to add a new Section 2.7 as follows: |
4. | Article 5 is hereby amended to add new Subsections (f) and (g) to Section 5.1 as follows: |
(f) Breach of Physician Shareholder Agreement. Any material breach by Physician of the Physician Shareholder Agreement, dated as of March 28, 2014 between Lender, Borrower, Physician, and Apollo Medical Holdings, Inc., a Delaware corporation; or
(g) Termination of Management Agreement. The Management Agreement shall have terminated.
5. | Except as specifically amended hereby, the provisions of the Loan Agreement shall remain in full force and effect. |
6. | This Amendment may be executed in two or more counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument. |
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BORROWER: | Maverick Medical Group Inc. | |
/s/ Xxxxxx Xxxxxxxxxx | ||
Name: Xxxxxx Xxxxxxxxxx, M.D. | ||
Title: Chief Executive Officer | ||
LENDER: | Apollo Medical Management, Inc. | |
/s/ Xxxx Xxxxxxx | ||
Name: Xxxx Xxxxxxx | ||
Title: Chief Financial Officer |
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