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Exhibit 10.39
[LOGO-NORWEST]
NORWEST BANK IOWA, NOTE MODIFICATION
NATIONAL ASSOCIATION AGREEMENT
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MARCH 21, 2000
THIS NOTE MODIFICATION AGREEMENT (the "Note Modification Agreement") is dated to
be effective March 21, 2000 between Norwest Bank Iowa, National Association (the
"Bank") and Patient Infosystems, Inc. (the "Borrower").
REFERENCE IS HEREBY MADE to a First Amendment of even date amending a Credit
Agreement entered into between the Bank and the Borrower dated as of December
23, 1999 (as amended, the "Agreement"), and the promissory note referenced in
the Agreement that was given by the Borrower to the Bank dated as of December
23, 1999 (the "December 1999 Revolving Note"). Capitalized terms not expressly
defined herein shall have the meanings given them in the Agreement. The Borrower
has requested that the Bank increase the amount of credit available under the
Line to $2,500,000.00. The Bank is agreeable to meeting the Borrower's requests,
subject to the Borrower's execution of this Note Modification Agreement.
FOR VALUABLE CONSIDERATION, therefore, the Bank and the Borrower agree that the
first sentence of the first paragraph of the December 1999 Revolving Note shall
be deleted in its entirety and restated as follows:
"FOR VALUE RECEIVED, Patient Infosystems, Inc. (the "Borrower")
promises to pay to the order of Norwest Bank Iowa, National Association
(the "Bank"), at its principal office or such other address as the Bank
or holder may designate from time to time, the principal sum of TWO
MILLION FIVE HUNDRED THOUSAND AND 00/100 DOLLARS ($2,500,000.00) or the
amount shown on the Bank's records to be outstanding, plus interest
(calculated on the basis of actual days elapsed in a 360-day year)
accruing on the unpaid balance at the annual interest rate defined
below. Absent manifest error, the Bank's records will be conclusive
evidence of the principal and accrued interest owing hereunder."
Except as modified above by this Note Modification Agreement, the December 1999
Revolving Note remains unchanged and in full force and effect.
IN WITNESS WHEREOF, the Bank and Borrower have executed this Note Modification
Agreement as of the date and year first above written.
NORWEST BANK IOWA,
NATIONAL ASSOCIATION PATIENT INFOSYSTEMS, INC.
/s/ Xxxxxxx X. Xxxxxxxx By: /s/ Xxxxxx X. Xxxxxxx
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Xxxxxxx X. Xxxxxxxx
Vice President Its: President & CEO
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