FIRST AMENDMENT TO AGREEMENT OF PURCHASE AND SALE
Exhibit 10.22
FIRST AMENDMENT TO AGREEMENT OF PURCHASE AND SALE
THIS FIRST AMENDMENT TO AGREEMENT OF PURCHASE AND SALE (this “Amendment”) is made and entered
into as of July 29, 2005 (“Effective Date”), by and between CAREFIRST BLUECHOICE, INC., a District
of Columbia corporation (“Seller”), and ACC COLUMBIA MEDICAL CAMPUS LLC, a Delaware limited
liability company (“Purchaser”), with reference to the following facts:
R E C I T A L S
A. Seller and Purchaser are parties to that certain Agreement of Purchase and Sale dated as of
July 29, 2005 (the “Original Purchase Agreement”). All capitalized terms used herein without
definition shall have the meanings set forth in the Original Purchase Agreement.
X. Xxxxxxx and Purchaser desire to amend the Original Purchase Agreement as more particularly
set forth in this Amendment.
NOW, THEREFORE, in consideration of the terms and conditions contained herein, and good and
valuable consideration, the receipt and adequacy of which are hereby acknowledged, Purchaser and
Sellers hereby agree as follows:
1. Due Diligence Period. Seller and Purchaser hereby agree that as of the Effective Date,
Due Diligence Period has expired and Purchaser’s right to terminate the Original Purchase Agreement
is hereby terminated
2. Miscellaneous.
(a) Reaffirmation of Agreement. Except as amended hereby, the Original Purchase
Agreement shall remain unchanged and Purchaser and Seller acknowledge and agree that the Purchase
Agreement, as amended by this Amendment, is hereby reaffirmed, ratified and confirmed in its
entirety and is in full force and effect. The Original Purchase Agreement, as amended by this
Amendment, shall be referred to herein as the “Purchase Agreement.” Capitalized terms not
otherwise, as more particularly described in the Original Purchase Agreement.
(b) Counterparts. This Amendment may be executed in one or more counterparts, each of
which shall be an original, but all of which shall constitute one Amendment.
(c) Conflicts. In the event of any inconsistencies between the terms contained herein
and the terms set forth in the Purchase Agreement, the terms of this Amendment shall control.
IN WITNESS WHEREOF, Purchaser and Seller have executed this Amendment on the date first above
written.
SELLER: | PURCHASER: | ||||||
CAREFIRST BLUECHOICE, INC., | ACC COLUMBIA MEDICAL CAMPUS LLC, | ||||||
a District of Columbia Corporation | A District of Columbia corporation | ||||||
By:
|
/s/ Xxxxx X. Xxxx | By: | /s/ Xxxxxxx XxXxxxx | ||||
Name:
|
Xxxxx X. Xxxx | Name: | Xxxxxxx X. XxXxxxx III | ||||
Title:
|
Chairman | Its: | Managing Member | ||||