EXHIBIT 10.29a
AMENDMENT
TO
COMBINATION INDEMNIFICATION
AND
SECURITY AGREEMENT
THIS AMENDMENT modifies the April 9, 1997 Combination Indemnification
and Security Agreement ("Agreement") between CHRONIMED INC. ("Chronimed") and
XXXXXXX X. XXXXXX ("Xxxxxx").
1. Except as specifically modified herein, the Agreement remains in
full force and effect according to its terms. In the event of contradiction
between the terms of this Amendment and the Agreement, the terms of the
Agreement will prevail.
2. So long as Chronimed retains any obligation to guaranty any of the
indebtedness defined under and subject to the terms of the Agreement, Chronimed
may in its discretion maintain and fund a "key man" policy of life insurance on
Xxxxxx'x life, in an amount deemed appropriate by Chronimed, for the benefit of
Chronimed and for the purpose of satisfying any liabilities which may accrue to
Chronimed under the Agreement in the event of Xxxxxx'x death. Xxxxxx shall
submit to any reasonable physical examination(s) as may be required under such
insurance policy.
3. In addition to the financial statement required of Xxxxxx under the
Agreement, Xxxxxx shall provide Chronimed, upon execution of this Amendment and
thereafter annually or upon any material change in Xxxxxx'x personal financial
condition, until Chronimed's obligations under the Agreement are terminated, a
verified personal financial statement.
CHRONIMED INC. XXXXXXX X. XXXXXX
By: /s/ Xxxxxx X. Xxxxx /s/ Xxxxxxx X. Xxxxxx
Its: Chief Financial Officer
Date: August 26, 1998 Date: August 26, 1998
