Exhibit 10.1
I-TRAX, INC.
One Xxxxx Square
000 X. 00xx Xxxxxx, Xxxxx 0000
Xxxxxxxxxxxx, XX 00000
February 7, 2001
Xxxxxx Xxxxxxx
A. Xxxxx Xxxxxxx
Granton Marketing Nederland BV
iSummit Partners, LLC
d/b/a MyFamilyMD
c/o Xxxxxx Xxxxxxx, MD, Chairman
0000 Xxxx 00 Xxxxxx
Xxxxxxxx, Xxx Xxxx 00000
Re: Contribution and Exchange Agreement by and among X-Xxxx.xxx,
Inc. and I-trax, Inc., on the one hand, and Xxxxxx Xxxxxxx, A.
Xxxxx Xxxxxxx, Granton Marketing Nederland BV, and iSummit
Partners, LLC, on the other hand, dated as of September 22, 2000
Gentlemen:
Reference is made to the above referenced Contribution and Exchange
Agreement ("Exchange Agreement"). Capitalized terms used herein and not
otherwise defined herein shall have the meaning given to such terms in the
Exchange Agreement.
On the date hereof the Parties are affecting the Closing of the
Contribution. In connection with the Closing and as a condition thereto, the
Parties hereby desire to amend the Exchange Agreement in the manner provided
below. Accordingly, the Parties, intending to be legally bound, hereby
acknowledge and agree as follows:
1. Consideration Shares. Effective as of the date hereof, the Holding
Company is delivering to Xxxxxx X. Xxxxxx, M.D., M.S., FAAP, a consultant to
MyFamilyMD, a Nonqualified Stock Option Grant pursuant to which Xx. Xxxxxx may
acquire from the Holding Company an aggregate of up to 50,000 Shares at an
exercise price of $2.00 per Share (the "Grant"). It is the intent of the Parties
that the Grant is made is substitution of all other option grants by MyFamilyMD
to Xx. Xxxxxx made prior to the date hereof. As consideration for the Grant, the
number of Consideration Shares shall be reduced from 4,272,500 to 4,222,500.
2. Conditions to Closing.
(a) I-trax and the Holding Company hereby waive the conditions to
Closing set forth in Sections 9(a)(vii) and 9(a)(viii) of the Exchange
Agreement.
(b) The Members hereby waive the conditions to Closing set forth
in Sections 9(b)(vi) and 9(b)(vii) of the Exchange Agreement.
(c) I-trax and the Holding Company hereby consent that the
certificate referenced in Section 9(a)(v) of the Exchange Agreement will be
delivered by MyFamilyMD and not the Members and the certificate referenced in
Section 9(a)(xiii) of the Exchange Agreement shall be delivered by a single
Member.
Except as set forth in this letter agreement, the Exchange
Agreement shall remain in full force and effect and references in this Exchange
Agreement to "this Agreement", "the Agreement", "hereunder", "herein", "hereof"
and words of like effect shall mean the Exchange Agreement as so amended by this
letter agreement. This Letter Agreement may be executed in one or more
counterparts and/or by facsimile, all of which taken together shall constitute
one instrument.
[Signatures appear on the following page.]
If this letter agreement is acceptable to MyFamilyMD and the Members,
please signify in the space provided below.
Sincerely,
X-XXXX.XXX, INC. I-TRAX, INC.
/s/ Xxxxx X. Xxxxxx /s/ Xxxxx X. Xxxxxx
------------------- -------------------
Name: Xxxxx X. Xxxxxx Name: Xxxxx X. Xxxxxx
Title: Chairman and Title: Chairman and
Chief Executive Officer Chief Executive Officer
Accepted, Acknowledged
and Agreed to:
ISUMMIT PARTNERS, LLC
By: /s/ Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Chairman
/s/ Xxxxxx Xxxxxxx
Xxxxxx Xxxxxxx
/s/ A. Xxxxx Xxxxxxx
-----------------
A. Xxxxx Xxxxxxx
Granton Marketing Nederland BV
By: /s/ Xxxxx Xxxxxxx
--------------
Name:
Title:
