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CareView Communications, Inc. 10-Q [crvw-10q_063012.htm]
Exhibit 10.104
 
FIRST ADDENDUM TO
SALES CONSULTING AGREEMENT
 
This First Addendum to Sales Consulting Agreement (“Addendum”) is entered into
on May 31, 2012 by and among CareView Communications, Inc., a Nevada corporation
(“CareView”), Foundation Medical, LLC, a South Carolina limited liability
company (“Foundation”) and Donald Shirley, an individual residing in South
Carolina (“Shirley”) (Foundation and Shirley known collectively as the
“Consultant”).
 
WHEREAS, the parties entered into a Sales Consulting Agreement on March 1, 2012
(the “Agreement”).
 
WHEREAS, the parties acknowledge and agree that the compensation set forth in
Item 1 of the Agreement did not correctly represent the intention of the
parties, and

WHEREAS, the parties desire to clarify to language regarding that compensation
through this Addendum.

NOW, THEREFORE, for and in consideration of the mutual covenants set forth
herein and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereby agree as
follows:

 
1.
The terms of Item 1. Cancellation of Distribution Agreement in the Agreement
incorrectly called for the issuance to the Consultant of an aggregate of 100,000
restricted shares of CareView Common Stock as consideration for cancellation of
the Distribution Agreement.
       
2.
The parties intended that the consideration in Item 1 of the Agreement call for
the issuance of a Common Stock Purchase Warrant (“Warrant”) to the Consultant
for the purchase of an aggregate of 100,000 shares of CareView Common Stock.
       
3.
The parties agree that (i) the shares should not have been, were not, and will
not be issued and (ii) Warrants for an aggregate of 100,000 shares will be
issued as follows: (i) a Warrant for 50,000 shares shall be issued upon the
signing of the Addendum with an exercise price set at the closing price of
CareView’s Common Stock on the date of issuance and (ii) a Warrant for 50,000
shares shall be issued on the first anniversary date of the Agreement with the
exercise price set at the closing price of CareView’s Common Stock on the date
of issuance. Shares underlying the Warrants will vest immediately upon issuance
of each Warrant.
       
4.
The parties agree that all other terms and conditions of the Agreement shall
remain in full force and effect.

IN WITNESS WHEREOF, the parties have executed this Agreement to be effective as
of the day and year first above written.

FOUNDATION MEDICAL, LLC
 
CAREVIEW COMMUNICATIONS, INC.
         
By:
/s/ Donald Shirley
 
By:
/s/ Samuel A. Greco
 
Donald Shirley, Managing Member
   
Samuel A. Greco, Chief Executive Officer
         
/s/ Donald Shirley
     
Donald Shirley, an individual
     

 
 

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