**AMENDMENT NO.  6**

**TO**

**LOAN ANDSECURITY AGREEMENT**

 

This Amendment No.6 (“Amendment”) to the Loan and Security Agreement  is made and entered into as of July 31, 2001, by and betweenHealthCare Integrated Services, Inc.; HIS of Rittenhouse Square, Inc. (successorby assignment from Rittenhouse Square Imaging Associates, L.P.); HIS Imaging,LLC (successor by assignment from HIS Imaging Co.) (collectively andindividually  referred to as the“Borrower”) and DVI Business Credit Corporation (“Lender”).

 

RECITALS

A.            Borrower and Lender entered into aLoan and Security Agreement dated December 26, 1996, and all related amendmentsthereto (collectively referred to as the “Loan Agreement”);

 

B.            The parties hereto now desire toamend the Loan Agreement on and subject to the terms and conditions set forthherein.

 

NOW, THEREFORE, in consideration of the mutual covenants and agreementsset forth herein, and for other good and valuable consideration, the receiptand sufficiency of which are being acknowledged and affirmed, the partieshereto agree as follows:

 

1.       Section1(l) **“EligibleAccounts”** shall be amended and replaced in its entirety asfollows:

 

          EligibleAccounts shall mean Borrower’s accounts receivable from commercialinsurance, Medicare, Medicaid, managed care providers, industrial authorized,which have been due and payable for one hundred fifty (150) or fewer days fromthe date of service, and worker’s compensation lien and personal injury claims,which have been due and payable for one hundred eighty (180) or fewer days fromthe date of service, and earned but unbilled charges for no-fault accounts upto ninety (90) days from the date of service (collectively referred to as “RetailAccounts”).

 

          Notwithstandingthe foregoing, for a period of sixty (60) days from the date of this AmendmentNo. 6, the accounts receivable generated from commercial insurance, Medicare,Medicaid, managed care providers, and industrial authorized, which have beendue and payable for one hundred eighty (180) or fewer days from the date ofservice shall be considered an Eligible Account.

 

2.       TheTermination Date of the Loan Agreement is hereby extended to September 30,2001.

 

Lender is enteringinto this Amendment without any forbearance, and without waiver or prejudice ofany Event of Default or any Unmatured Default, or any rights or remedies Lenderhas or may have under the Loan Agreement and applicable law.  Lender hereby expressly reserves the rightto declare an Event of Default and exercise all of Lender’s rights and remediesthereunder.

 

All capitalized termsused herein and not otherwise defined herein shall have the same meaning as inthe Loan Agreement. Any provision in this Amendment that may be contrary to anyprovision of the Loan Agreement shall prevail and override the LoanAgreement.  Except as expressly setforth herein, all other provisions of the Loan Agreement and each other LoanDocument shall remain in full force and effect and are hereby ratified andconfirmed by the parties hereto. Borrower and Lender warrant to each other that this Amendment has beenauthorized and duly executed and is binding on all parties hereto.

 
| **BORROWER:**                            |                    |                                | **LENDER:**                         |                    |
|------------------------------------------|-------------------------|-------------------------------------|-------------------------------------|-------------------------|
| **HealthCare Integrated Services, Inc.** |                    | **DVI Business Credit Corporation** |
|                                     |                    |                                |                                |                    |
| By:                                      |                    |                                | By:                                 |                    |
| Name:                                    | Elliott H. Vernon       |                                | Name:                               |                    |
| Title:                                   | Chief Executive Officer |                                | Title:                              |                    |
|                                     |                    |                                |                                |                    |
| **BORROWER:**                            |                    |                                | **BORROWER:**                       |                    |
| **HIS Imaging, LLC**                     |                    |                                | **HIS of Rittenhouse Square, Inc.** |
|                                     |                    |                                |                                |                    |
| By:                                      |                    |                                | By:                                 |                    |
| Name:                                    | Elliott H. Vernon       |                                | Name:                               | Elliott H. Vernon       |
| Title:                                   | Chief Executive Officer |                                | Title:                              | Chief Executive Officer |
|                                          |                         |                                     |                                     |                         |  |  |

 

 

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