EXHIBIT 10.7

FIRST AMENDMENT AGREEMENT dated as of November 8, 2011 (this “Amendment”),
to the Credit and Guaranty Agreement dated as of April 6, 2010 (as amended,
supplemented or otherwise modified prior to the date hereof, the “Credit
Agreement”), by and among RADNET MANAGEMENT, INC., a California corporation (the
“Borrower”), RADNET, INC., a Delaware corporation (“Holdings”), CERTAIN
SUBSIDIARIES AND AFFILIATES OF THE BORROWER, as Guarantors, the Lenders party
thereto from time to time, BARCLAYS BANK PLC (“Barclays Bank”), as
Administrative Agent (together with its permitted successors in such capacity,
the “Administrative Agent”) and as Collateral Agent (together with its permitted
successors in such capacity, the “Collateral Agent”), GENERAL ELECTRIC CAPITAL
CORPORATION and DEUTSCHE BANK SECURITIES INC., as Co-Syndication Agents (in such
capacity, the “Co-Syndication Agents”), and RBC CAPITAL MARKETS1, as
Documentation Agent (in such capacity, the “Documentation Agent”).

A.  Pursuant to Section 2.24 of the Credit Agreement, the Borrower is obtaining
Incremental Revolving Commitments by entering into one or more Joinder
Agreements with the Incremental Revolving Loan Lenders and the terms of such
Joinder Agreements require that the Applicable Margin with respect to such
Incremental Revolving Commitments is greater than the Applicable Margin
currently applicable to the Revolving Loans under the Credit Agreement.
 
B.  Further pursuant to Section 2.24, the Administrative Agent is authorized by
the Lenders to enter into this Amendment increasing the Applicable Margin for
all Revolving Loans and Swing Line Loans to the levels set forth in the Joinder
Agreement with respect to the Incremental Revolving Commitments, without the
consent of any other Lender.
 
C.  The parties hereto desire to amend the Credit Agreement, subject to the
satisfaction of the conditions precedent to effectiveness referred to in
Section 4 hereof.
 
D.  Except as otherwise provided herein, all capitalized terms used but not
defined herein shall have the meanings given them in the Credit Agreement.
 
Accordingly, in consideration of the mutual agreements herein contained and
other good and valuable consideration, the sufficiency and receipt of which are
hereby acknowledged, the parties hereto agree as follows:
 
SECTION 1.  Amendment of Credit Agreement. The Loan Parties and the
Administrative Agent, on behalf of the Required Lenders, hereby agree that
clause (ii) of the definition of Applicable Margin set forth in Section 1.01 of
the Credit Agreement is amended and restated in its entirety as follows:
 
 
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(ii) (a) with respect to Revolving Loans that are Eurodollar Rate Loans, 4.25%
per annum and (b) with respect to Revolving Loans and Swing Line Loans that are
Base Rate Loans, 3.25% per annum.

SECTION 2.  Representations and Warranties.  To induce the other parties hereto
to enter into this Amendment, each of the Loan Parties represents and warrants
to the Administrative Agent that, as of the date hereof:
 
(a)  each Loan Party has the requisite power and authority to execute and
deliver this Amendment and to perform its obligations under this Amendment and
each Loan Document, as amended hereby.  The execution and delivery of this
Amendment and the performance by each Loan Party of this Amendment and each Loan
Document (as amended hereby) to which it is a party have been duly approved by
all necessary organizational action of each such  Loan Party;
 
(b)  this Amendment has been duly executed and delivered by each Loan Party that
is a party hereto and thereto and this Amendment is the legally valid and
binding obligation of such Loan Party party thereto, enforceable against such
Loan Party in accordance with its terms, except as may be limited by bankruptcy,
insolvency, reorganization, moratorium or similar laws relating to or limiting
creditors’ rights generally or by  equitable principles relating to
enforceability; and
 
(c)  no Default or Event of Default has occurred and is continuing.
 
SECTION 3.  Reaffirmation of Guaranty.  Each Guarantor, subject to the terms and
limits contained in the Credit Agreement, reaffirms its guaranty of the
Obligations pursuant to the Credit Agreement as amended by this Amendment.  Each
Guarantor hereby acknowledges that it has reviewed the terms and provisions of
this Amendment and consents to this Amendment.  Each Loan Party hereby confirms
that each Loan Document to which it is a party or is otherwise bound will
continue to be in full force and effect as amended by this Amendment and all of
its obligations thereunder shall not be impaired or limited by the execution or
effectiveness of this Amendment.
 
SECTION 4.  Amendment Agreement Effectiveness; Conditions Precedent to Borrowing
of Loans.  The effectiveness of this Amendment shall be subject to the condition
precedent that the Administrative Agent shall have received counterparts of this
Amendment that, when taken together, bear the signatures of the Borrower, the
Guarantors and the Administrative Agent.  The date on which such condition has
been satisfied is referred to herein as the “Amendment Date”.
 
SECTION 5.  Effect of Amendment.  On and after the Amendment Date, each
reference to the Credit Agreement in any Loan Document shall be deemed to be a
reference to the Credit Agreement as amended hereby.  Except as expressly
provided in this Amendment, nothing herein shall be deemed to entitle any Loan
Party to a consent to, or a waiver, amendment, modification or other change of,
any of the terms, conditions, obligations, covenants or agreements contained in
the Credit Agreement, or any other Loan Document in similar or different
circumstances.  On and after the Amendment Date, this Amendment shall constitute
a “Loan Document” for all purposes of the Credit Agreement and the other Loan
Documents.  On and after the Amendment Date, as used in the Credit Agreement,
the terms “Agreement”, “this Agreement”, “herein”, “hereinafter”, “hereto”,
“hereof”, and words of similar import shall, unless the context otherwise
requires, mean the Credit Agreement as amended by this Amendment.
 
 
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SECTION 6.  Counterparts.  This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of
which when so executed and delivered shall be deemed an original, but all such
counterparts together shall constitute but one and the same contract.  Delivery
of an executed counterpart of a signature page of this Amendment by facsimile or
other customary means of electronic transmission (e.g., “pdf”) shall be as
effective as delivery of a manually executed counterpart hereof.
 
SECTION 7.  Applicable Law.  THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF
THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT
OF LAW PRINCIPLES THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE
LAW OF THE STATE OF NEW YORK.
 
SECTION 8.  Submission to Jurisdiction. Section 10.15 of the Credit Agreement is
hereby incorporated by reference.
 
SECTION 9.  Headings.  The headings of this Amendment are for purposes of
reference only and shall not limit or otherwise affect the meaning hereof.
 
 
 
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1 RBC Capital Markets is the brand name for the capital markets activities of
Royal Bank of Canada and its affiliates.

 
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their duly authorized officers, all as of the date and year first
above written.

RADNET MANAGEMENT, INC.

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

RADNET, INC.

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

BEVERLY RADIOLOGY MEDICAL GROUP III

By: Beverly Radiology Medical Group, Inc., its general partner

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

By: Breastlink Medical Group, Inc., its general partner

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

By: ProNet Imaging Medical Group, Inc., its general partner

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

ADVANCED IMAGING PARTNERS, INC.

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President
 
 
 
[Radnet Amendment Agreement Signature Page]

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BEVERLY RADIOLOGY MEDICAL GROUP, INC.

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

BREASTLINK MEDICAL GROUP, INC.

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

COMMUNITY IMAGING PARTNERS, INC.

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

DELAWARE IMAGING PARTNERS, INC.

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

DIAGNOSTICS IMAGING SERVICES, INC.

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

FRI, INC.

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

FRI II, INC.

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

 
[Radnet Amendment Agreement Signature Page]

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IDE IMAGING PARTNERS, INC.

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

MID ROCKLAND IMAGING PARTNERS, INC.

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

NEW JERSEY IMAGING PARTNERS, INC.

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

PACIFIC IMAGING PARTNERS, INC.

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

PRONET IMAGING MEDICAL GROUP, INC.

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

QUESTAR IMAGING, INC.

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

QUESTAR LOS ALAMITOS, INC.

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

 
[Radnet Amendment Agreement Signature Page]

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QUESTAR VICTORILLE, INC.

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

RADIOLOGIX, INC.

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

RADIOLOGY AND NUCLEAR MEDICINE IMAGING PARTNERS, INC.

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

RADNET MANAGED IMAGING SERVICES, INC

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

RADNET MANAGEMENT I, INC.

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

RADNET MANAGEMENT II, INC.

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

RADNET SUB, INC.

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President
 
 
[Radnet Amendment Agreement Signature Page]

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ROLLING OAKS IMAGING CORPORATION

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

ROLLING OAKS RADIOLOGY, INC.

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

SO CAL MR SITE MANAGEMENT, INC.

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

TREASURE COAST IMAGING PARTNERS, INC.

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

VALLEY IMAGING PARTNERS, INC.

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

HEALTH DIAGNOSTICS OF NEW JERSEY, L.L.C.

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President
 
IMAGE MEDICAL CORPORATION

By: __/s/ Howard G. Berger, M.D._____________
Howard G. Berger, M.D., President

 
[Radnet Amendment Agreement Signature Page]

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ERAD, INC.

By:   /s/ Howard G. Berger, M.D.                        
Howard G. Berger, M.D., President

EAST BERGEN IMAGING, LLC

By:   /s/ Howard G. Berger, M.D.                        
Howard G. Berger, M.D., President

PROGRESSIVE X-RAY OF ENGLEWOOD, LLC

By:   /s/ Howard G. Berger, M.D.                        
Howard G. Berger, M.D., President

PROGRESSIVE X-RAY OF KEARNEY, LLC

By:   /s/ Howard G. Berger, M.D.                        
Howard G. Berger, M.D., President

PROGRESSIVE MEDICAL IMAGING OF BLOOMFIELD, LLC

By:   /s/ Howard G. Berger, M.D.                        
Howard G. Berger, M.D., President

PROGRESSIVE MEDICAL IMAGING OF HACKENSACK, LLC

By:   /s/ Howard G. Berger, M.D.                       
Howard G. Berger, M.D., President

PROGRESSIVE MEDICAL IMAGING OF UNION CITY, LLC

By:  /s/ Howard G. Berger, M.D.                        
Howard G. Berger, M.D., President

 

 
[Radnet Amendment Agreement Signature Page]

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   IMAGING ON CALL, LLC

By:   /s/ Howard G. Berger, M.D.                        
Howard G. Berger, M.D., President

ADVANCED NA, LLC

By:   /s/ Howard G. Berger, M.D.                        
Howard G. Berger, M.D., President

ADVANCED RADIOLOGY, LLC

By:   /s/ Howard G. Berger, M.D.                        
Howard G. Berger, M.D., President

 
 

 
[Radnet Amendment Agreement Signature Page]

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BARCLAYS BANK PLC, as Administrative Agent
 
 
 
by
/s/ David Barton
   
Name: David Barton
   
Title:  Director

 
 
 
 
 
 
[Radnet Amendment Agreement Signature Page]

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