ASSIGNMENT
KNOW THAT P.W. MEDICAL MANAGEMENT, INC. ("Assignor"), in consideration of
the sum of Ten ($10.00) Dollars paid by P.W. CAPITAL CORP. ("Assignee"), and for
other good and valuable consideration, does hereby assign unto the Assignee a
certain Agreement ("Agreement") effective as of the 14th day of April, 1994 by
and between Assignor and NATIONAL MEDICAL HEALTH CARD SYSTEMS, INC. ("Health
Card") for the purpose of providing consulting services to Health Card in
accordance with the terms as set forth in the Agreement.
TO HAVE AND TO HOLD the same unto the Assignee, its successors, personal
representatives and assigns from and after the date hereof, for all the rest of
the term of the Agreement, subject to the terms, covenants, conditions and
limitations therein contained.
In order to induce Health Card to consent to this assignment and Assignee
to accept this assignment, Assignor represents to Assignee that:
a. Assignor has full right and authority to assign the
Agreement;
b. Assignor has fully performed all the terms, covenants
and conditions of the Agreement on Assignor's part to be
performed to the effective date hereof; and
c. Assignor has not done or suffered anything to be done which might impose
any liability on Assignee.
The covenants and representations herein shall survive the delivery hereof.
Whenever the text hereof requires, the singular number as used herein shall
include the plural and all genders.
IN WITNESS WHEREOF, the Assignor has executed this Assignment this 1st day
of July, 1996.
ASSIGNOR:
P.W. MEDICAL MANAGEMENT, INC.
By:
/s/ Xxxx X. Xxxxxxx
-------------------------------
Xxxx X. Xxxxxxx, President
ASSIGNEE:
P.W. CAPITAL CORP.
By:
/s/ Xxxx X. Xxxxxxx
--------------------------------
Xxxx X. Xxxxxxx, President
CONSENT TO ASSIGNMENT:
NATIONAL MEDICAL HEALTH
CARD SYSTEMS, INC.
By:
/s/ Xxxxx Xxxxxxx
--------------------------------
Xxxxx Xxxxxxx, President
