February 7, 2005
Amendment to Placement Agent Agreement Dated November 19, 2004
This letter agreement shall serve as an amendment to the Placement Agent
Agreement dated November 19, 2004 between New York Health Care, Inc. (the
"Company") and Sterling Financial Investment Group, Inc. ("Sterling" or the
"Placement Agent"). Sterling and the Company each acknowledge that as of the
Expiration Date of the Offering, the escrow agent for the Offering has received
funds in excess of the Minimum Offering amount.
Prior to the release of those funds in escrow, the parties hereby agree to
the following:
1. Sterling and the Company hereby agree to extend the termination date of
the Placement Agent of this Agreement and the Closing of the Minimum Offering
until February 18, 2005; and
All of the remaining terms and conditions, except as modified hereby, of
the Placement Agent Agreement shall remain in full force and effect.
In Witness Whereof, the parties have executed this Agreement as of the
date first written above.
New York Health Care, Inc. Sterling Financial Investment Group, Inc.
By: /s/ Xxxxx Xxxxxxxxx By: /s/ Xxxxxxx Xxxxx
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Name: Xxxxx Xxxxxxxxx Name: Xxxxxxx Xxxxx
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Title: VP, COO Title: Managing Director
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