AMENDMENT NO. 1 TO INTERCOMPANY REVOLVING LOAN AGREEMENT
Exhibit 10.25
AMENDMENT NO. 1
TO
INTERCOMPANY REVOLVING LOAN AGREEMENT
This AMENDMENT NO. 1 TO INTERCOMPANY REVOLVING LOAN AGREEMENT (the “Amendment”), dated as of March 28, 2014, is entered into by and between Apollo Medical Management, Inc. (“Lender”) and ApolloMed Care Clinic, A Professional Corporation (“Borrower”).
WHEREAS, the parties hereto entered into that certain Intercompany Revolving Loan Agreement dated as of July 31, 2013 (the “Loan Agreement”);
1. | Article 1 is hereby amended to add a new Subsection 1.11A as follows: |
“Management Agreement” shall mean the Amended and Restated Management Services Agreement, dated as of March 28, 2014, between Lender and Borrower.
2. | Article 1 is hereby amended to add a new Subsection 1.13A as follows: |
“Physician” shall mean Xxxxxx Xxxxxxxxxx, M.D.
3. | Article 2 is hereby amended to add a new Section 2.7 as follows: |
4. | Article 5 is hereby amended to add new Subsections (f) and (g) to Section 5.1 as follows: |
(f) Breach of Physician Shareholder Agreement. Any material breach by Physician of the Physician Shareholder Agreement, dated as of March 28, 2014 between Lender, Borrower, Physician, and Apollo Medical Holdings, Inc., a Delaware corporation; or
(g) Termination of Management Agreement. The Management Agreement shall have terminated.
5. | Except as specifically amended hereby, the provisions of the Loan Agreement shall remain in full force and effect. |
6. | This Amendment may be executed in two or more counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument. |
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BORROWER: | ApolloMed Care Clinic, A Professional Corporation | |
/s/ Xxxxxx Xxxxxxxxxx | ||
Name: Xxxxxx Xxxxxxxxxx, M.D. | ||
Title: Chief Executive Officer | ||
LENDER: | Apollo Medical Management, Inc. | |
/s/ Xxxx Xxxxxxx | ||
Name: Xxxx Xxxxxxx | ||
Title: Chief Financial Officer |
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