Exhibit 10.3

    

     

    

    
      CONTRACT NUMBER: 2019-000052J

      AMENDMENT TO THE CONTRACT BETWEEN

      ADMINISTRACIÓN DE SEGUROS DE SALUD DE PUERTO RICO (ASES)

      and

      TRIPLE-S SALUD, INC.

      to

      ADMINISTER THE PROVISION OF PHYSICAL AND BEHAVIORAL HEALTH SERVICES UNDER THE GOVERNMENT HEALTH PLAN

      

      

      THIS AMENDMENT TO THE CONTRACT BETWEEN ADMINISTRACIÓN DE SEGUROS DE SALUD DE PUERTO RICO (ASES) AND TRIPLE-S SALUD, INC., FOR THE PROVISION OF PHYSICAL
        AND BEHAVIORAL HEALTH SERVICES UNDER THE GOVERNMENT HEALTH PLAN (the “Amendment”) is by and between Triple-S Salud, Inc. (“the Contractor”), a managed care
        organization duly organized and authorized to do business under the laws of the Commonwealth of Puerto Rico, with employer identification number 66-0555677 and represented by its President, Madeline Hernandez Urquiza, of legal age, single, resident
        of San Juan, Puerto Rico, and the Puerto Rico Health Insurance Administration (Administración de Seguros de Salud de Puerto Rico, hereinafter referred to as
        “ASES” or “the Administration”), a public corporation of the
        Commonwealth of Puerto Rico, with employer identification number 66-0500678, represented by its Executive Director, Jorge E. Galva Rodríguez, JD, MHA, of legal age, married and resident of Vega Alta, Puerto Rico.

      

      

      WHEREAS, the Contractor and ASES executed a Contract for the
        provision of Physical Health and Behavioral Health Services under the Government Health Plan for the Commonwealth of Puerto Rico, on September 21, 2018, (hereinafter referred to as the “Contract”);

      

      

      WHEREAS, the Contract provides, pursuant to Article 55, that
        the Parties may amend such Contract by mutual written consent;

      

      

      WHEREAS, all provisions of the Contract will remain in full
        force and effect as described therein, except as otherwise provided in this Amendment.

      

      

      NOW, THEREFORE, and in consideration of the mutual promises
        herein contained and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree to clarify and/or amend the Contract as follows:

      

      

      	I.	
              AMENDMENTS

            


      

      

      	

            	1.	
              Section 21.4.1 shall be amended as follows:

            


      

      

      	

            	21.4.1	
              Notwithstanding anything to the contrary in this Contract, because the Parties have not completed the revision of the PMPM Payments by the expiration of the current
                rating period which ended on June 30, 2020 (the “Expired Rating Period”) such that the new rating period must commence without revised PMPM Payments, then the following shall occur:

            


       

      

      
        

        
          


        

      

      	

            	21.4.1.1	
              ASES shall continue to pay Contractors at the PMPM Payment rates that existed during the Expired Rating Period;

            


      

      

      	

            	21.4.1.2	
              As soon as practicable, but in no event more than sixty (60) days following the expiration of the Expired Rating Period, or sooner if the revised PMPM Payments
                (“Updated PMPM Payments”) become available, the Parties shall complete in good faith the review of the Updated PMPM Payments.

            


      

      

      	

            	21.4.1.3	
              Following agreement upon the Updated PMPM Payments, the Parties shall execute an amendment to Attachment 11 of the Contract setting forth the Updated PMPM Payments.
                Such amendment and the Updated PMPM Payments shall be effective as of July 1st, 2020 as if the Updated PMPM Payments had been agreed upon at the expiration of the Expired Rating Period, provided that,

            


      

      

      	

            	21.4.1.3.1	
              Notwithstanding the foregoing, because Updated PMPM Payments are subject to CMS and the Financial Oversight and Management Board (“FOMB”) approval, ASES will
                continue to pay Contractors at the PMPM Payment rates that existed during the Expired Rating Period until such time as CMS and the FOMB have approved the Updated PMPM Payments, and;

            


      

      

      	

            	21.4.1.3.2	
              Within thirty (30) calendar days following CMS’s and the FOMB’s approval of the Updated PMPM Payments, the Parties shall begin to reconcile any difference between
                (i) PMPM Payments that ASES made to Contractors after the Expired Rating Period and (ii) Updated PMPM Payments.

            


       

      

      	II.	
              RATIFICATION

            


      

      

      All other terms and provisions of the original Contract, as amended by Contracts Number 2019- 000052 A, B, C, D,
        E, F, G, H, and I and of any and all documents incorporated by reference therein, not specifically deleted or modified herein shall remain in full force and effect. The Parties hereby affirm their respective undertakings and representations as set
        forth therein, as of the date thereof. Capitalized terms used in this Amendment, if any, shall have the same meaning assigned to such terms in the Contract.

      

      

      	III.	
              EFFECT; CMS APPROVAL

            


      

      

      The Parties agree and acknowledge that this Amendment, including any attachments, is subject to approval by the
        United States Department of Health and Human Services Centers for Medicare and Medicaid Services (“CMS”) and the Financial Oversight and Management Board for
        Puerto Rico (“FOMB”), and that ASES shall submit this Amendment for CMS and FOMB approval.

       

      

      
        

        
          


        

      

      	IV.	
              AMENDMENT EFFECTIVE DATE

            


      

      

      Contingent upon approval of CMS, this Amendment shall become effective August 1, 2020 (the “Amendment Effective Date”) and remain in effect until August 30, 2020 or the date on
        which a new amendment setting forth the Updated PMPM Payments is executed, whichever is sooner.

      

      

      	V.	
              ENTIRE AGREEMENT

            


      

      

      This Amendment constitutes the entire understanding and agreement of the Parties with regards to the subject
        matter hereof, and the Parties by their execution and delivery of this Amendment to the Contract hereby ratify all of the terms and conditions of the Contract Number 2019-000052, including amendments A, B, C, D, E, F, G, H, I and this Amendment J.

      

      

      The Parties agree that ASES will be responsible for the submission and registration of this Amendment in the
        Office of the Comptroller General of the Commonwealth, as required under law and applicable regulations.

      

      

      ACKNOWLEDGED BY THE PARTIES by their duly authorized
        representatives on this 31st day of July 2020.

      

      

      ADMINISTRACIÓN DE SEGUROS DE SALUD DE PUERTO RICO (ASES)

      

      

      	
              _/s/ Jorge E. Galva Rodríguez

            	
              7/31/2020

            
	
              Name: Jorge E, Galva Rodríguez, JD, MHA

            	
              Date

            


      EIN: 66-05000678

      

      

      TRIPLE-S SALUD, INC.

      

      

      	
              /s/ Madeline Hernández Urquiza

            	
              7/31/2020

            
	
              Ms. Madeline Hernández Urquiza, President

            	
              Date

            


      
        EIN: 66-0555677

      

       

      

      Account No. 256-5325 to 5330