Exhibit 10.2e
[LETTERHEAD OF ORANS, XXXXX & XXXXXX, LLP]
June 7, 1999
By Hand
Xxxx X. Xxxxxx, Esq.
Xxxxxxx, Xxxxxx & Xxxxx, P.C.
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000-0000
Re: Promissory Note dated December 1996
Dear Xxxx:
This will confirm the agreement between Xxxxxx X. Xxxxxxx, the Borrower,
and The WellCare Management Group, Inc. ("WellCare"), the Lender, relating to
that certain Promissory Note dated December 1996 in the original principal
amount of $84,000.00. Xx. Xxxxxxx and WellCare agree that, as of the date
hereof, the Promissory Note is canceled by WellCare, and any further payments of
principal and interest that might otherwise be due under the Promissory Note are
waived. Any unpaid interest to date, if any, is forgiven by WellCare. It is the
intent of this agreement that no further payments of principal or interest,
relating to any time period past or present, need be made by Xx. Xxxxxxx. This
agreement is binding on any assignee of or successor in interest to WellCare.
Please sign where indicated below to signify WellCare's acceptance of this
agreement, and return this to me. This will then be a binding agreement on the
parties.
I would greatly appreciate it if you could forward to me the canceled
Promissory Note at your earliest convenience.
Sincerely,
/s/ Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx
Xxxxxx and accepted on behalf of
The WellCare Management Group, Inc.:
/s/ Xxxxx X. Xxxxxx
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Xxxxx X. Xxxxxx
Acting President and Chief Executive Officer
