Exhibit 10.2

 

Silicon Valley Bank

 

Amendment to Loan Documents

 

Borrower:

 

Essential Group, Inc.

AmericasDoctor.com Coordinator Services, Inc.

Date:

  September 27, 2004

 

THIS AMENDMENT TO LOAN DOCUMENTS is entered into between Silicon Valley Bank
(“Silicon”) and the borrower named above (“Borrower”).

 

The Parties agree to amend the Loan and Security Agreement between them, dated
September 27, 2004 (as otherwise amended, if at all, the “Loan Agreement”), as
follows, effective as of the date hereof. (Capitalized terms used but not
defined in this Amendment shall have the meanings set forth in the Loan
Agreement.)

 

1. Modified Minimum Tangible Net Worth Financial Covenant. The Minimum Tangible
Net Worth Financial Covenant set forth in Section 5 of the Schedule to Loan and
Security Agreement is hereby modified to read as follows:

 

Minimum Tangible

   

Net Worth:

  Borrower shall maintain a Tangible Net Worth of not less than the following:  
  For the month ending June 30, 2004: <$2,500,000>;     For each of the months
ending July 31, 2004, August 31, 2004 and September 30, 2004: <$3,250,000>;    
For each of the months ending October 31, 2004, November 30, 2004 and December
31, 2004: <$4,250,000>; and     For each month ending thereafter: <$5,500,000>.

 

2. Representations True. Borrower represents and warrants to Silicon that all
representations and warranties set forth in the Loan Agreement, as amended
hereby, are true and correct (except to the extent that such representations and
warranties specifically refer to an earlier date, in which case they shall be
true and correct as of such earlier date).

 

3. General Provisions. This Amendment, the Loan Agreement, any prior written
amendments to the Loan Agreement signed by Silicon and Borrower, and the other
written documents and agreements between Silicon and Borrower set forth in full
all of the representations and agreements of the parties with respect to the
subject matter hereof and supersede all prior discussions, representations,
agreements and understandings between the parties with respect to the subject
hereof. Except as herein expressly amended, all of the terms and provisions of
the Loan Agreement, and all other documents and agreements between Silicon and
Borrower shall continue in full force and effect and the same are hereby
ratified and confirmed.

 

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Silicon Valley Bank Amendment to Loan Agreement

 

Borrower:

 

Silicon:

ESSENTIAL GROUP, INC.

 

SILICON VALLEY BANK

By

 

/s/ Essential Group, Inc.

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By

 

/s/ Silicon Valley Bank

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President or Vice President

 

Title

 

 

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By

 

 

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Secretary or Ass’t Secretary

       

Borrower:

AMERICASDOCTOR.COM COORDINATOR

SERVICES, INC.

By

 

/s/AmericasDoctor.com Coordinator Services, Inc.

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President or Vice President

By

 

 

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Secretary or Ass’t Secretary

 

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