March 4, 2009
Exhibit
10.32
Xxxxx 0,
0000
XXX XXXXXXXXX
(978-536-2677)
PHC, Inc.
d/b/a Pioneer Behavioral Health
000 Xxxx
Xxxxxx, Xxxxx 000
Xxxxxxx,
Xxxxxxxxxxxxx 00000
Attention: Xxxxx
X. Shear, President
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Re:
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Letter
Agreement dated December 30, 2008 (the “Letter
Agreement”) related to Asset Purchase Agreement (the “Agreement”)
dated as of January 12, 2009, by and among Premier Research International,
LLC, a Delaware limited liability company (“Premier”),
Premier Research Arizona, LLC, a Delaware limited liability company and
the wholly-owned subsidiary of Premier (the “Purchaser”),
Pivotal Research Centers, Inc., a Delaware corporation (“PRC Inc.”),
Pivotal Research Centers, LLC, an Arizona limited liability company
(“PRC
LLC,” and together with PRC Inc., the “Sellers”), and
PHC, Inc., a Massachusetts corporation d/b/a Pioneer Behavioral Health and
the parent entity of the Sellers (the “Parent”);
Outside Closing Date Matters
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Dear
Xxxxx:
Pursuant
to that certain letter agreement dated March 3, 2009, by and among Premier,
Purchaser, the Sellers and Parent (the “First Amendment”),
the parties thereto agreed to amend the Outside Closing Date (as defined in the
Agreement) by replacing “February 28, 2009” with “March 13,
2009.” Notwithstanding the foregoing amendment, such date replacement
shall not affect the term “Outside Closing Date” in the Letter Agreement, and
for the purposes of the Letter Agreement the term “Outside Closing Date” shall
remain February 28, 2009.
Sincerely,
/s/ Xxxxxxx
Gallagher___________
Xxxxxxx
Xxxxxxxxx, Individually
Acknowledged
and agreed as a foresaid,
as of the
date first written above:
PHC, INC.
d/b/a PIONEER BEHAVIORAL HEALTH
By :Xxxxx X. Wurts_________
Its: CFO
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cc:
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Xxxxx
Xxxxxxx, Esq. (via fax; 000
000-0000)
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Xxxx X.
Xxxxxxx, Esq. (via fax; 000-000-0000)
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