Document:

MANAGEMENT
SERVICES AGREEMENT

 

This Management Agreement (“Agreement”)
is made and entered into as of this first day of February, 2013, (the “Effective Date”) by and between Apollo Medical
Management, Inc., a Delaware corporation (“Manager”), and Maverick Medical Group Inc., a California medical corporation
(“Group”). Manager and Group are, at times, collectively referred to herein as “Parties”.

 

Recitals:

 

A.           Manager
is a Delaware corporation engaged in the business of managing physician practices to enhance the quality and efficiency of the
medical practices it manages.

 

B.           Group
is a California professional medical corporation organized as an independent practice association which has as its primary objective
the delivery or arrangement for the delivery of professional health care services to enrollees of health plans;

 

C.           Group
desires retain Manager to provide assistance to Group in managing and administering certain non-medical aspects of Group’s
medical practice in a manner and to the extent permitted by law.

 

D.           Group
and Manager recognize that Group has sole responsibility for providing medical services to Group’s patients, and Manager
shall provide assistance and have final authority over to Group in managing and administering all non-medical functions of Group’s
medical practice.

 

THEREFORE, in consideration of the mutual
covenants and agreements contained herein, the Parties agree as follows:

 

1.            Obligations
of Manager.

 

1.1.          Management
Services. During the Term of this Agreement (as defined in Section 6.1), Group appoints and engages Manger, and Manger agrees
to furnish to Group, in the sole and absolute discretion of Manager as to method and cost, those Management Services set forth
in Exhibit A hereto. Notwithstanding such appointment and engagement, Group will have exclusive authority and control over the
professional aspects of Group to the extent the same constitute or directly affect the practice of medicine, including all diagnosis,
treatment and ethical determinations with respect to patients that are required by applicable law to be decided by a physician.

 

1.2.          Performance
of Manager’s Services.

 

(a)          Manager’s
Availability. Manager shall devote its best efforts to carrying out the terms of this Agreement and shall devote sufficient
time and resources, as determined by Manager after consultation with Group, as is reasonably required to discharge its duties under
this Agreement.

 

    	 

    	 

    

  

(b)          Manager’s
Authority. Manager shall perform all additional and ancillary services, not otherwise described in this Agreement, that may
in Manager’s judgment, after consultation with Group, be reasonable and appropriate in order to meet Manager’s obligations
under this Agreement. Manager may subcontract with other persons or entities, including entities related to Manager by common ownership
or control, and subcontractors of Group, to perform all or any part of the services required of Manager by this Agreement. For
purposes of this Agreement, Manager shall have signatory rights on all bank accounts used by Group in the conduct of Group’s
practice, and Manager shall have the right to make deposits to and payments from such accounts as it deems appropriate in furtherance
of its obligations hereunder, in accordance with Exhibit A.

 

(c)          Manager’s
Responsibility. In all matters under this Agreement, Manager shall abide by all applicable state and federal laws and regulations,
and applicable policies and procedures of Group.

 

(d)          Reports
to Group. On or before the twenty-fifth (25th) day of the first month of each calendar quarter, Manager shall provide
Group with an accounting of all billings and collections on behalf of Group, and all deposits to the account(s) of Group and payments
from the account(s) of Group, effected by Manager for the benefit of Group during the immediately preceding calendar quarter. All
reports shall be in such form as may be agreed between Manager and Group from time to time.

 

2.            Obligations
of Group.

 

2.1.          Physician
Services. Group shall be responsible for the rendition of all medical services, including without limitation, diagnosis or
treatment of any condition; the prescribing, dispensing and/or administering of any medication, surgery, therapy, and the preparation
of all medical reports.

 

2.2.          Selection
of Group Personnel. Group shall retain responsibility for the selection, hiring and termination of physicians, allied health
professionals and medical assistants working in clinical capacities for the Group. Group, in consultation with Manager, shall be
solely responsible for determining the compensation of all licensed medical professionals.

 

2.3.          Supervision
of Support Personnel. Group shall supervise and assume responsibility for any service provided by allied health professionals
that require the supervision of a licensed physician. Manager shall have no control or direction over the delivery or provision
of medical services and all such medical services shall be provided under the professional direction and supervision of Group’s
affiliated physicians. To the extent any act or service required of Manager in this Agreement should be construed or deemed, by
any governmental authority, agency or court to constitute the practice of medicine, the performance of said act or service by Manager
shall be deemed waived and forever unenforceable.

 

2.4.          Designation
of Agent. Group hereby designates and appoints Manager to act as Group’s non-physician manager and to provide the services
to Group in connection with Group’s Practice as described in this Agreement. Group hereby designates Warren Hosseinion, M.D.
and Kyle Francis as its designated representatives who are duly authorized by the Group to bind the Group and act on behalf of
the Group in all respects pertaining to this Agreement.

 

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2.5.          Access
to Information. Group acknowledges and agrees that all information and records concerning Group and Group’s performance
of services that may be obtained by Manager during the Term of this Agreement may be used by Manager for all purposes necessary
or convenient to Manager’s obligations under this Agreement.

 

2.6.          Coding
and Billing Procedures. Group shall retain responsibility for decisions relating to coding and billing procedure for patient
care services. Group shall ensure the prompt and accurate preparation of patient records by its affiliated physicians. Such records
shall conform with community standards both as to form and content and shall include all information necessary for Manager to properly
discharge its responsibility to bill patients and third party payors on behalf of Group.

 

3.            Confidentiality.

 

3.1.          Definition.
For the purpose of this Agreement, the term “Manager Confidential Information” shall include the following: (a) all
documents and other materials, including but not limited to, all memoranda, clinical manuals, handbooks, production books, educational
material and audio or visual recordings, which contain information relating to the operation of the Group or its programs (excluding
written materials distributed to patients in the operation of the Group as promotion for the Group), (b) all methods, techniques
and procedures utilized in providing services to the Group’s patients not readily available through sources in the public
domain, and (c) all trademarks, trade names, service marks, or protected software of Manager and their related data files. For
purposes of this Agreement, the term “Group Confidential Information” shall include the following: (i) financial information
of Group, (ii) medical records of patients receiving services from the Group, (iii) data relating to patient care and outcomes
(whether individually identifiable with respect to any one patient or aggregated with information relating to multiple patients),
(iv) risk management records, and (v) such other information that specifically pertains to Group and is proprietary to Group. Notwithstanding
anything herein to the contrary, unless otherwise specified under applicable law, Group shall be deemed the “records owner,”
as such term is defined under applicable state law, of all patient records at the Group.

 

3.2.          Agreements
of Group. Group acknowledges and agrees that Manager Confidential Information is owned by Manager and has been disclosed to
it in confidence and with the understanding that it constitutes valuable business information developed by Manager at great expenditure
of time, effort and money. Group agrees that it shall not, without the express prior written consent of Manager, use Manager Confidential
Information for any purpose other than the performance of this Agreement nor allow anyone access to such except on a need to know
basis. Group further agrees to keep strictly confidential and hold in trust all Manager Confidential Information and not disclose
or reveal such information to any third party (other than Group’s professional advisors with a need to know such information,
which advisors shall maintain the confidentiality thereof) without the express prior consent of Manager. Group hereby acknowledges
Manager’s right to use any technical or business expertise obtained during the course of its engagement hereunder in connection
with its management of any other facility.

 

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3.3.          Agreements
of Manager. Manager acknowledges and agrees that Group Confidential Information is owned by Group and has been disclosed to
it in confidence and with the understanding that it constitutes valuable business information. Manager agrees that it shall not,
without the express prior written consent of Group, use Group Confidential Information for any purpose other than the performance
of this Agreement nor allow anyone access to such except on a need to know basis. Manager further agrees to keep strictly confidential
and hold in trust all Group Confidential Information and not disclose or reveal such information to any third party (other than
the affiliates of Manager and Manager’s professional advisors with a need to know such information, which affiliates and
advisors shall maintain the confidentiality thereof) without the express prior written consent of Group. Manager is permitted to
disclose Group’s Confidential Information to Manager’s subcontractors for the performance of this Agreement. In connection
with the foregoing, Manager shall ensure that its affiliates, including subcontractors, also maintain the confidentiality of Group
Confidential Information in accordance with the terms hereof.

 

3.4.          Disclosure.
If Group or Manager or any of their respective representatives are requested by a person or entity to disclose Manager Confidential
Information or Group Confidential Information, respectively, in any legal, quasi-legal or administrative proceeding, Group or Manager
shall promptly notify the other party of such request so that the other party may take, at its expense, such steps necessary to
protect Manager Confidential Information or Group Confidential Information, as applicable. If Group or Manager is thereafter required
to disclose Manager Confidential Information or Group Confidential Information, as applicable, to the person or entity compelling
such disclosure, only the part of such information as is required by law to be disclosed shall be disclosed.

 

3.5.          Treatment
on Termination. Upon termination of this Agreement by either party for any reason whatsoever, each party shall forthwith return
to the other party all material constituting or containing Confidential Information of the other party, in a format that is usable
or capable of conversion to a usable format, and no party thereafter shall use, appropriate, or reproduce such information or disclose
such information to any third party. All costs of converting Confidential Information to a format useable by the recipient shall
be borne by the recipient.

 

3.6.          Medical
Information & Patient Records. Each party shall maintain the confidentiality of all patient records, charts and other patient
identifying information, and shall comply with all applicable State and Federal laws governing the confidentiality of medical records
and related information. Pursuant to the Health Insurance Portability Accountability Act of 1996, as amended, and Subtitle D
of the Health Information Technology for Economic and Clinical Health Act, the Parties hereto agree to be bound by the Business
Associate Agreement attached hereto at Exhibit C and Incorporated here within.

 

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3.7.          Intellectual
Property Rights. Group utilizes a proprietary database technology called ApolloWeb to enhance the quality and efficiency of
the medical practices it manages. (“ApolloWeb”). From time to time, Group may provide Manager with software programs
and related documentation, or improvements and upgrades thereto, to facilitate its use of ApolloWeb (“System-Related Software”).
Group hereby grants Manager a nonexclusive, royalty-free license to reproduce, install and use on equipment owned or controlled
by Group, and solely for Group’s own purposes (which may be business or non-commercial, as applicable), any such System-Related
Software only in the form it was provided or made available to Manager by Group, and only in connection with Manager’s use
of the ApolloWeb in accordance with this Agreement. Manager will not distribute, sublicense, modify, create derivative works of,
sell, transfer or assign the System-Related Software, nor will Manager reverse engineer, decompile or disassemble any object code
of System-Related Software except to the extent permitted by applicable law notwithstanding this restriction. Manager further agrees
not to remove or destroy any proprietary markings or confidential legends placed upon or contained within any System-Related Software.

 

Group and its licensors reserve all right,
title and interest in the ApolloWeb and System-Related Software, including all intellectual property rights therein (including
without limitation all copyrights, patents, trade secrets, trademarks, service marks and trade names) subject to the licenses expressly
set forth in this Agreement. This Agreement does not include any sale or transfer to Manager of Group intellectual property rights,
including without limitation with respect to ApolloWeb or any System-Related Software.

 

Manager acknowledges that the content, data
and other materials made available by Group are owned or licensed by Group (the “Third Party Materials”). Manager will
not reproduce, distribute, modify, create derivative works of, or exercise any other rights in, such Third Party Materials except
as authorized by Group.

 

4.            Independent
Contractors.

 

4.1.          Independent
Contractors. Manager is an independent contractor with respect to its obligations under this Agreement. Nothing contained herein
shall be construed as creating any other type of relationship between the Parties other than one of independent contractor. In
the performance of this Agreement, it is mutually understood and agreed that physicians are at all times acting and performing
wholly independently and not as employees, agents, partners or joint venturers of Manager. They shall have no claim under this
Agreement or otherwise against Manager for any compensation or benefits, including without limitation wages, workers’ compensation,
unemployment compensation, sick leave, vacation pay, retirement benefits, social security benefits, or any other employee benefits,
all of which shall be the sole responsibility of Group.

 

5.            Staffing
of Manager and Group.

 

5.1.          Non-physician
Personnel. Manager shall be responsible for the payment to all persons employed or retained by Manager of all compensation,
including reasonable base salary, fringe benefits, bonuses, health and disability insurance, workers’ compensation insurance
and any other benefits that Manager may make available to its employees or contractors.

 

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5.2.          Licensed
Professional Personnel. Group shall employ or contract with all physicians and other licensed professional personnel that Group,
after consultation with Manager, deems to be required for the conduct of the practice. Group will not enter into any agreements
with the licensed physicians it employs and contracts with to render care and treatment to its patients (“Participating Providers”)
unless such Participating Providers have: (i) current unrestricted licenses to practice their respective professions in the
State of California and (ii) current unrestricted Federal Drug Enforcement Agency (“DEA”) numbers. In addition, where
Group contracts with individual physicians, such physicians will have medical staff membership at the hospitals required by the
Plans and where Group contracts with licensed clinics and medical groups, at least one primary care physician practicing at each
clinic or medical group will have medical staff membership at the hospitals required by Plans. Group further agrees to establish
procedures to ensure that Participating Providers meet these requirements on an ongoing basis. Manager will reasonably cooperate
with and assist Group to meet its obligations under this Section; provided, however, that Group acknowledges and agrees that it
will retain ultimate responsibility for meeting such obligations. All such personnel shall be employees or contractors of Group,
and Group shall be responsible for the payment to all such persons of all compensation, including reasonable base salary, fringe
benefits, bonuses, health and disability insurance, workers’ compensation insurance and any other benefits which Group may
make available to Group’s employees or contractors; provided, however, that Manager shall have management responsibility
over the non-medical aspects associated with Group’s employment or contracting of such personnel.

 

6.            Term
and Termination.

 

6.1.          Term.
This Agreement shall commence on the Effective Date and shall continue in full force and effect for a term of twenty (20) years
(the “Initial Term”) unless terminated earlier as provided in this Agreement. After the expiration of the Initial Term,
the term of this Agreement will be automatically extended for additional terms of ten (10) years each (the “Renewal Terms”),
unless either Party delivers written notice to the other Party of such intention not to extend the term of this Agreement, at least
ninety (90) days prior to the expiration of the current term (the Initial Term as extend by all Renewal Terms, the “Term”).

 

6.2.          No
Termination without Cause. This Agreement may be terminated only for cause as specified in Sections 6.3, 6.4, 6.5 below.

 

6.3.          Termination
For Cause. This Agreement may be terminated by either party for cause, upon sixty (60) days prior written notice to the other
party specifying the cause upon which such termination is based. For purposes of this Agreement, “cause” shall have
the meanings set forth below in Sections 6.4 and 6.5. Notwithstanding the foregoing, neither party may terminate this Agreement
if, during the foregoing sixty (60) day period, the party to whom notice has been given successfully cures the failure or breach
of performance upon which termination is based; provided, however, that if such failure or breach cannot be cured within the sixty
(60) day period, termination shall not occur if the party to whom notice has been given takes material action during such sixty
(60) day period to cure the failure or breach and thereafter diligently and continuously prosecutes such cure to completion.

 

6.4.          By
Group. Cause for termination by Group shall be limited to the following: (i) failure of any representation or warranty made
by Manager in this Agreement to be true at the date of this Agreement and to remain true throughout the Term hereof, which failure
has a material adverse effect upon Group; (ii) material failure by Manager to duly observe and perform the covenants and agreements
undertaken by Manager herein; (iii) misrepresentation of material fact, or fraud, by Manager in the discharge of its obligations
under this Agreement; (iv) if Manager shall dissolve, shall be adjudicated insolvent or bankrupt, or shall make a general
assignment for the benefit of creditors, or shall consent to or authorize the filing of a voluntary petition in bankruptcy, which
petition shall remain undismissed for a period of sixty (60) days, or the filing against Manager of any proceeding in involuntary
bankruptcy, which proceeding shall remain undismissed for a period of sixty (60) days.

 

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6.5.          By
Manager. Cause for termination by Manager shall be limited to the following: (i) failure of Group to pay the Management
Fee (as defined in Section 7) in full and as required in Section 7 of this Agreement and Exhibit B attached hereto within [ten]
[(10)] days after Group’s receipt of written notice of a failure to pay when due; (ii) failure of any representation
or warranty made by Group in this Agreement to be true at the date of this Agreement and to remain true throughout the Term hereof,
which failure has a material adverse effect upon Manager; (iii) material failure by Group to duly observe and perform all the covenants
and agreements undertaken by Group herein; (iv) misrepresentation of material fact, or fraud, by Group in the discharge of Group’s
obligations under this Agreement; or (v) if Group shall be adjudicated insolvent or bankrupt, or shall make a general assignment
for the benefit of creditors, or shall consent to or authorize the filing of a voluntary petition in bankruptcy, which petition
shall remain undismissed for a period of sixty (60) days, or the filing against Group of any proceeding in involuntary bankruptcy,
which proceeding shall remain undismissed for a period of sixty (60) days.

 

6.6.          Effect
of Termination. Termination of this Agreement shall not discharge either party from any obligation which may have arisen and
which remains to be performed upon the date of termination, including, but not limited to, the obligation to compensate Manager
in accordance with Section 7 (Management Fee). Upon termination of this Agreement, Manager shall promptly deliver to Group all
clinical and financial data maintained by Manager for Group’s benefit. Manager shall make diligent efforts to collect receivables
arising from services of Group prior to the date of termination and shall remit to Group in a timely fashion the allocable portion
of all such collections. Similarly, following termination, all receivables that Group may directly collect arising from services
of Group prior to the date of termination shall be allocated as provided herein, and Group shall remit to Manager in a timely fashion
the allocable portion of Group’s collections of the same.

 

7.            Management
Fee.

 

7.1.          Management
Fee. As compensation for its services hereunder, Manager will be paid a management fee (the “Management Fee”) in
the manner and amount set forth on Exhibit B attached hereto and incorporated herein by reference.

 

8.            Rights
of Entry and Inspection.

 

8.1.          By
Manager. Manager and its duly authorized representatives shall have the right at all reasonable times to enter upon Group’s
Premises for the purposes of carrying out the duties of Manager hereunder, and for inspection and verification of Group’s
books and records pertaining to Group’s Practice; provided, however, that any such entry by Manager shall not unreasonably
interfere with the conduct of Group’s Practice.

 

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8.2.          By
Group. Group and its duly authorized representatives shall have the right at all reasonable times to enter upon Manager’s
premises for the purposes of carrying out the duties of Group hereunder, and for inspection and verification of Manager’s
books and records pertaining to Group’s Practice; provided, however, that any such entry by Group shall not unreasonably
interfere with the conduct of Manager’s business.

 

9.            Group’s
Representations and Warranties.

 

The following representations and warranties
of Group are made to Manager for the purpose of inducing Manager to enter into this Agreement. Group represents and warrants as
follows:

 

9.1.          Properly
Constituted. Group is a professional corporation, duly organized, validly existing and in good standing under the laws of the
State of California, has the necessary corporate power and authority to own its property and to carry on Group’s business
as it is now being conducted, and to enter into and perform Group’s obligations under this Agreement.

 

9.2.          Consents.
Group has taken all appropriate corporate action and has obtained all necessary approvals and consents that are necessary or convenient
to enable Group to enter into this Agreement.

 

9.3.          No
Conflicts. Group’s Board of Directors has all requisite power to execute, deliver and perform this Agreement. Neither
the execution and delivery of this Agreement, nor the consummation and performance of the transactions contemplated in this Agreement,
will constitute a default or an event that would constitute a default under, or violation or breach of, Group’s Articles
of Incorporation, Bylaws or any license, lease, franchise, mortgage, instrument, or other agreement or arrangement to which Group
may be bound.

 

9.4.          Licenses
and Permits. Group has in full force and effect all licenses, permits and certificates required to operate Group’s Practice
as it is being operated as of the date of this Agreement. All of the Group’s shareholders and Participating Providers providing
professional medical services are duly licensed to practice medicine without restriction in the State of California. Group shall
promptly notify Manager should any of Group’s shareholders or Participating Providers become ineligible to practice medicine
in the State of California. Group shall not permit any persons who have become ineligible to practice medicine in California to
retain shares of Group beyond such time periods as may be permitted by law.

 

9.5.          Convictions.
Neither Group nor any of its physician shareholders or Participating Providers have been convicted of any felony criminal offense
related to healthcare, or is listed by a federal or state agency as debarred, excluded, or otherwise ineligible for federal or
state program participation.

 

9.6.          Contracts.
Group has furnished Manager full and complete copies of all contracts and agreements affecting Group including, but not limited
to, all contracts to which Group is a party.

 

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9.7.         Litigation.
There is no action, suit, proceeding, investigation or litigation outstanding, pending or, to the best of Group’s knowledge,
threatened, affecting Group other than routine patient collection matters and professional liability cases adequately covered by
insurance.

 

9.8.         Participating
Providers. Group represents and warrants that each Group Participating Provider is as of the date hereof, and will at all times
during the Term:

 

(a)          duly
licensed to practice medicine within the State of California and in possession of a federal DEA number, all without limitation,
restriction or condition whatsoever;

 

(b)          entitled
to receive Medicare and Medicaid reimbursement without limitation, restriction or condition whatsoever; and

 

(c)          in
compliance with the insurance requirements set forth in Section 11.1herein.

 

9.9.         Compliance.
Group represents and warrants that it and each Group Participating Provider will (i) comply with all applicable governmental laws,
regulations, ordinances, and directives and (ii) perform his or her work and functions at all times in strict accordance with currently
approved methods and practices in his or her field.

 

9.10.        Disclosure.
During the Term of this Agreement, Group shall have an affirmative obligation to make reasonable inquiries to ascertain the occurrence
of any of the matters or events that would make the covenants contained in Sections 9.1, 9.2, 9.3, 9.4, 9.5, 9.6, 9.7, 9.8, and
9.9 untrue, whether occurring at any time prior to, or during the Term of this Agreement, and to immediately disclose same to Manager
in accordance with the notice provisions set forth in Section 12.4.

 

9.11.        Additional
Disclosures. Group shall also report the following to Manager, in accordance with the notice provisions set forth in Section 12.4,
within three (3) business days of Group’s knowledge of same:

 

(a)          The
employment or termination of any physician participating in the Group; and

 

(b)          Any
event that substantially interrupts, or may substantially interrupt, the Group or which may adversely affect its operation.

 

10.          Manager’s
Representations and Warranties.

 

The following representations and warranties
of Manager are made to Group for the purpose of inducing Group to enter into this Agreement. Manager represents and warrants as
follows:

 

10.1.        Properly
Constituted. Manager is a corporation duly organized, validly existing and in good standing under the laws of the State of
Delaware, has the necessary corporate power and authority to own its property and to carry on its business as it is now being conducted,
and to enter into and perform its obligations under this Agreement.

 

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10.2.          No
Conflicts. Manager has all requisite power to execute, deliver and perform this Agreement. Neither the execution and delivery
of this Agreement, nor the consummation and performance of the transaction contemplated in this Agreement, will constitute a default,
or an event that would constitute a default under, or violation or breach of, Manager’s Articles of Incorporation, Bylaws
or any license, lease, franchise, mortgage, instrument, or other agreement to which Manger may be bound.

 

10.3.          Licenses
and Permits. Manager has in full force and effect all licenses, permits and certificates required to operate its business as
it is being operated as of the date of this Agreement.

 

10.4.          Consents.
Manager has taken all appropriate corporate action and has obtained all necessary approvals and consents that are necessary or
convenient to enable Manager to enter into this Agreement.

 

11.           Insurance
and Indemnity.

 

11.1.          Professional
Liability. Group shall at all times during the Term of the Agreement, at its sole cost and expense, procure and maintain, and
cause all licensed health care personnel associated with Group’s medical practice to similarly procure and maintain, professional
liability insurance with minimum coverage limits of One Million Dollars ($1,000,000) per occurrence and Three Million Dollars ($3,000,000)
annual aggregate, and in such form and substance, and underwritten by such recognized companies, authorized to do business in California,
as Manager may from time to time reasonably require, and shall provide copies of all such policies and renewals thereof to Manager
upon request. In the event Group procures a “claims made” policy as distinguished from an “occurrence”
policy, Group will procure and maintain at its sole cost and expense, prior to termination of such insurance, “tail”
coverage to continue and extend coverage complying with this Agreement after the end of the “claims made” policy. Upon
reasonable request from Manager, Group will cause to be issued to Manager proper certificates of insurance, evidencing that the
foregoing provisions of this Agreement have been complied with, and said certificates will provide that prior to any cancellation
or change in the underlying insurance during the policy period, the insurance carrier will first give thirty (30) calendar days
written notice to Manager.

 

11.2.          Indemnity.
To the extent permissible under each party’s respective policies of insurance, each party shall indemnify and hold harmless
the other party, and its shareholders, directors, officers, employees and agents, from and against all damages, costs, expenses,
liabilities, claims, demands, and judgments of whatever kind or nature, including reasonable attorneys’ fees and costs, for
which either party might liable, in whole or in part, arising out of or related to the acts and/or omissions of the indemnifying
party and its shareholders, directors, officers employees and agents.

 

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11.3.          Limitation
of Liability. Except for damages or liability arising from Manager’s indemnification obligations under this Agreement,
the Parties acknowledge and agree that in no event shall Manager, its affiliates and members, or their respective shareholders,
directors, members, managers, officers, employees or agents be liable to Group for any special, indirect, incidental, exemplary
or consequential damages, including without limitation loss of goodwill, lost profits, lost data or lost opportunities, in any
way relating to this Agreement, even if either party has been notified of the possibility or likelihood of such damages occurring,
and whether such liability is based on contract, tort, negligence, strict liability or otherwise. Further, except for damages or
liability arising from Manager’s indemnification obligations under this Agreement, in no event shall Manager’s liability
in the aggregate for any damages for any matter arising under this Agreement ever exceed the amount of the Management Fee payable
to Manager for the three months prior to the date of the action, regardless of the form of action, whether based on contract, tort,
negligence, strict liability or otherwise. The Parties agree that the allocation of risks under this Agreement is reasonable and
appropriate under the circumstances.

 

12.          General
Provisions.

 

12.1.          Assignment.
Neither party shall assign any of its rights nor delegate any of its duties or obligations under this Agreement without the prior
written consent of the other party. Notwithstanding the foregoing, Manager may assign this Agreement to a successor in interest
by providing notice to Group, which notice shall state the effective date of such assignment. Upon such assignment, the successor
shall be responsible for the duties and responsibilities of Manager hereunder. Nothing contained in this Section shall prevent
Manager from contracting with subcontractors for the performance of its duties hereunder. Nothing contained in this Agreement shall
be construed to prevent the Manager from selling or conveying substantially all of its assets used in connection with the performance
of this Agreement, nor shall Group be prohibited from selling or conveying substantially all of its assets provided that the Agreement
continues in full force and effect.

 

12.2.          Access
to Books and Records. Manager shall make available, upon request, to the Secretary of Health and Human Services and the Comptroller
General of the United States, or their authorized representatives, this Agreement, and all books, documents and records relating
to the nature and extent of the costs of services provided hereunder for a period of five (5) years after the furnishing of services
pursuant hereto. In addition, if Manager’s services under this Agreement are to be provided by subcontract and if that subcontract
has a value or cost of Ten Thousand Dollars ($10,000.00) or more over a twelve-month period, Manager shall require in writing that
the subcontractor make available to the Secretary and the Comptroller General, or their authorized representatives, for a period
of five (5) years after the furnishing of such services, the subcontract and all books, documents and records relating to the nature
and extent of the costs of the services provided thereunder.

 

12.3.          Amendments.
This Agreement may be amended at any time by mutual agreement of the Parties without additional consideration, provided that before
any amendment shall become effective, it shall be reduced to writing and signed by the Parties. Notwithstanding the foregoing,
should any provision of this Agreement be in conflict with a governing State or federal law, it shall be deemed amended accordingly.

 

12.4.          Notices.
Notices required under this Agreement shall be deemed given (i) at the time of personal delivery upon the party to be served;
or (ii) twenty four (24) hours following deposit for overnight delivery with a bonded courier holding itself out to the public
as providing such service, or following deposit in the U.S. Mail, Express Mail for overnight delivery; or (iii) forty eight (48)
hours following deposit in the U.S. Mail, registered or certified mail; and in any case postage prepaid and addressed as follows,
or to such other addresses as either party may from time to time designate to the other:

 

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To Group:            Maverick Medical Group, Inc.

700 N. Brand Blvd, Suite 220

 

Glendale, CA 91203

To Manager:        Apollo Medical Management, Inc.

700 N. Brand Blvd, Suite 220

 

Glendale, CA 91203

 

12.5.          Entire
Agreement. This Agreement together with all exhibits hereto, and all documents referred to herein, is the entire Agreement
between the Parties regarding the subject matter hereof, and supersedes all other and prior agreements, whether oral or written.

 

12.6.          Successors
and Assigns. This Agreement shall inure to the benefit of, and shall be binding upon, the Parties hereto and their permitted
successors and assigns.

 

12.7.          Waiver
of Provisions. No waiver of any terms or conditions hereof shall be valid unless given in writing, and signed by the party
giving such waiver. A waiver of any term or condition hereof shall not be construed as a future or continuing waiver of the same
or any other term or condition hereof. The rights and remedies of the Parties to this Agreement are cumulative and not alternative.
No failure to exercise, and no delay in exercising, on the part of either party, any privilege, any power or any right hereunder
will operate as a waiver thereof, nor will any single or partial exercise of any privilege, right or power hereunder preclude further
exercise of any other privilege, right or power hereunder.

 

12.8.          Governing
Law. This Agreement shall be construed in accordance with and governed by the laws of the State of California without regard
to conflicts of law.

 

12.9.          Severability.
The provisions of this Agreement shall be deemed severable, and if any portion shall be held invalid, illegal or unenforceable
for any reason, the remainder of this Agreement shall be effective and binding upon the Parties. The Parties further agree that
if any provision contained herein is, to any extent, held invalid or unenforceable in any respect under the laws governing this
Agreement, they shall take any actions necessary to render the remaining provisions of this Agreement valid and enforceable to
the fullest extent permitted by law and, to the extent necessary, shall amend or otherwise modify this Agreement to replace any
provision contained herein that is held invalid or unenforceable with a valid and enforceable provision giving effect to the intent
of the Parties.

 

12.10.         Attorneys’
Fees. In the event that any action, including mediation or arbitration, is brought by either party arising out of or in connection
with this Agreement, the prevailing party in such action shall be entitled to recover its costs of suit, including reasonable attorneys’
fees.

 

    	12

    	 

    

 

 

12.11.         Captions.
Any captions to or headings of the articles, sections, subsections, paragraphs, or subparagraphs of this Agreement are solely for
the convenience of the Parties, are not a part of this Agreement, and shall not be used for the interpretation or determination
of any provision hereof.

 

12.12.         Cumulation
of Remedies. The various rights, options, elections, powers, and remedies of the respective Parties hereto granted by this
Agreement are in addition to any others to which the Parties may be entitled to by law, shall be construed as cumulative, and no
one of them is exclusive of any of the others, or of any right of priority allowed by law.

 

12.13.         No
Third Party Rights. The Parties do not intend the benefits of this Agreement to inure to any third person not a signatory hereto;
and accordingly, this Agreement shall not be construed to create any right, claim or cause of action against either party by any
person or entity not a party hereto.

 

12.14.         Construction
of Agreement. The Parties agree that each party and its counsel have participated in the review and revision of this Agreement
and that any rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not apply
in the interpretation of this Agreement. All words used in this Agreement will be construed to be of such gender or number as the
circumstances require. Unless otherwise expressly provided, the word “including” does not limit the preceding words
or terms. The language used in the Agreement will be construed, in all cases, according to its fair meaning, and not for or against
any party hereto. The Parties acknowledge that each party has reviewed this Agreement and that rules of construction to the effect
that any ambiguities are to be resolved against the drafting party will not be available in the interpretation of this Agreement.

 

12.15.         Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument.

 

12.16.         Survival.
The following provisions of this Agreement shall survive any termination hereof: Section 3 (Confidentiality), Section 6.6
(Effect of Termination), Section 11 (Insurance and Indemnity), and Section 12.2 (Access to Books and Records).

 

12.17.         Jeopardy.
In the event the performance by any Party hereto of any term, covenant, condition or provision of this Agreement should be determined
by a state or federal court or governmental agency to be in violation of any statute, ordinance, or be otherwise deemed illegal
(“Jeopardy Event”), then the Parties will use their best efforts to meet forthwith and attempt to negotiate an amendment
to this Agreement to remove or negate the effect of the Jeopardy Event. In the event the Parties are unable to negotiate such an
amendment within thirty (30) days following written notice by any Party of the Jeopardy Event, then any other Party may terminate
this Agreement immediately upon written notice.

 

(Signature Page Follows)

 

    	13

    	 

    

 

IN WITNESS WHEREOF, the Parties hereto have
executed this Agreement as of the Effective Date:

 

	 	Apollo Medical Management, Inc.
	 	(“MANAGER”):
	 	 	 
	 	By:	/s/ Warren Hosseinion, M.D.
	 	 	 
	 	Its:	Chief Executive Officer
	 	 
	 	Maverick Medical Group, Inc., a Medical Corporation
	 	(“Group”):
	 	 	 
	 	By:	/s/ Warren Hosseinion, M.D.
	 	 	 
	 	Its:	Chief Executive Officer

 

    	14

    	 

    

 

Exhibit A

 

Management Services

 

Group hereby engages Manager to provide
the management services described herein, and Manager hereby accepts such engagement, all on the terms and conditions set out herein.
Manager shall carry out its duties at the direction of Group and keep Group informed as to all major policy matters and other major
decisions. Manager shall have all reasonable discretion in Group’s non-clinical operations and shall exercise Manager’s
reasonable judgment in the management and operation of the administrative aspects in the absence of specific direction from Group.

 

Subject to the direction and approval of
Group, Manager shall use its commercially reasonable efforts to perform the following management duties pursuant to this Agreement:

 

(a)          Business
Matters. Manager, on behalf of Group in its sole discretion, will maintain oversight and conduct an annual review and approval
of utilization management activities; Manager shall determine and maintain adequate reserves to perform all duties as required
by Group, including maintaining the Tangible Net Equity (“TNE”) at levels required by the DMHC of all Risk Bearing
Organizations (“RBOs”) in the state; Manager will maintain oversight and, unless otherwise determined by Group, conduct
an annual review of Group’s Credentialing and Recredentialing activities.

 

(b)          Management
& Clinical Information Systems. Upon request and in consultation with Group, the planning, negotiation with third party
vendors, selection, installation and operation of appropriate hardware and software (including but not limited to the Apollo Web
database technology) to provide Group with management and clinical information systems support. All clinical and financial data
pertaining to Group’s practice shall be regularly backed up on electronic media, with additional hard copy back up when in
the judgment of Manager, after consultation with Group, it is prudent to do so, and copies of such back up data in both electronic
media and hard copy shall be provided to Group from time to time upon request of Group. Upon termination of this Agreement for
any reason, all such data and back up data shall be promptly delivered to Group to ensure continuity of Group’s financial
and clinical operations. All such services shall comply, as appropriate, with the Health Insurance Portability and Accountability
Act of 1996, and the regulations promulgated thereto (“HGroupA”).

 

(c)          UR/QA.
Assisting Group in the establishment and implementation of a program or programs of utilization review and quality assurance for
the activities of Group, and in the formulation and implementation of related policies, procedures and protocols including, but
not limited to both a monitoring function and the development and implementation of performance parameters, evidence based medicine
protocols, and outcomes measurements

 

(d)          Advertising.
Marketing of physician services to hospitals, and otherwise coordinating advertising, marketing and similar activities conducted
on behalf of Group, after consultation with Group.

 

    	A-1

    	 

    

  

(e)          Capital.
Consulting with Group regarding capital and financial needs, including seeking capital, undertaking the efforts to raise, and providing
access to, capital for any lawful purpose, including without limitation working capital, acquiring other physician practices and
acquiring other business assets of the practice.

 

(f)          Contract
Negotiation. Manager shall assist Group in setting the parameters under which Group will enter into, and in negotiating, contractual
relations with hospitals and third party payors.

 

(g)          Oversight
of Subcontractors. Manager shall assist Group in setting parameters for and providing oversight of Group’s non-medical
subcontract managers, including Prospect Medical Group (and its successors or assigns, as applicable) (“Subcontractors”).

 

(h)          Annual
Operating Plan. Manager will assist Group in preparing the annual operating plan of Group. Manager will prepare the Annual
Operating Plan and submit it to Group no later than 90 days prior to the end of the calendar year. Group will be obligated to approve
the Annual Operating Plan submitted by Manager no later than 30 days prior to the end of the calendar year.

 

(i)          Major
Decision Making. Manager will have the right to enter into commitments and financial obligations on behalf of Group without
prior Group approval for amounts included in the Operating Plan. To the extent the transaction is outside the Operating Plan, Manager
will have the right to bind Group for amounts up to $1,000,000 without prior Group approval.

 

(j)          Other
Services. Providing such other services as may be agreed between the Parties from time to time which may include, but not be
limited to, physician recruitment services, contracting services (with hospitals and payors), physicians scheduling, payroll services
for the physicians (as well as management company personnel), case management for patients, business strategy, and operating performance
management.

  

    	A-2

    	 

    

  

Exhibit B

 

Management Fee

 

(a)          In
consideration of the management services to be rendered by Manager hereunder, Group shall pay Manager, each month, five percent
(5%) of Group’s gross revenue that Group receives for the performance of medical services by Group.

 

(b)          On
or before the twentieth (20th) day of the month following each month, Manager may deduct and pay to itself, from any account(s)
of Group managed by Manager, all amounts due and owing to Manager as management fees for the immediately preceding month.

 

(c)          Group
desires to incentivize Manager to achieve operational and financial objectives as determined in the Operating Plan. Following the
end of the calendar year, Group will pay Manager a bonus of 50% of the Group’s excess cash, provided the operating and financial
objectives mutually agreed to by Group and Manager and set forth in the Operating Plan are met. “Excess cash” for the
calendar year shall be the amount of Group’s annual net income (or loss) in excess of the target net income as mutually agreed
upon by Manager and Group and set forth in the Operating Plan. The Group’s annual net income (or loss) will be determined
in accordance with U.S. generally accepted accounting principles and consistent with the Operating Plan.

 

    	B-1

    	 

    

 

Exhibit C

 

HIPAA BUSINESS ASSOCIATE AGREEMENT

 

THIS BUSINESS ASSOCIATE AGREEMENT is made as of the _________day
of _____________, 2013 by and between Maverick Medical Group Inc. (“Covered Entity”) and Apollo Medical Management
Inc.

 

RECITALS:

 

WHEREAS, Apollo Medical Management Inc.,
(hereinafter referred to as “Business Associate”), provides services for Covered Entity (the “Service Arrangement”)
pursuant to which Covered Entity may disclose Protected Health Information (“PHI”) to Business Associate in order to
enable Business Associate to perform one or more functions for Covered Entity related to Treatment, Payment or Health Care Operations;
and

 

WHEREAS, the parties desire to comply with
the Health Insurance Portability and Accountability Act of 1996 (“HIPAA”) and the Final Rule for Standards for Privacy
of Individually Identifiable Health Information adopted by the United States Department of Health and Human Services and codified
at 45 C.F.R. part 160 and part 164, subparts A & E (the “Privacy Rule”), the HIPAA Security Rule, codified at 45
C.F.R. Part 164 Subpart C (the “Security Rule”) and Subtitle D of the Health Information Technology for Economic and
Clinical Health Act (“HITECH”) including 45 C.F.R. Sections 164.308, 164.310, 164.312 and 164.316.

 

NOW THEREFORE, the parties to this Agreement
hereby agree as follows:

 

		1.	Definitions. Terms used, but not otherwise defined, in this Agreement shall have the same meaning as those terms in
45 C.F.R. §§ 160.103, 164.103, and 164.304, 164.501 and 164.502.

 

		2.	Obligations and Activities of Business Associate.

 

		a.	Business Associate agrees to not use or further disclose PHI other than as permitted or required by this Agreement, as Required
by Law or as permitted by law, provided such use or disclosure would also be permissible by law by Covered Entity.

 

		b.	Business Associate agrees to use appropriate safeguards to prevent use or disclosure of the PHI other than as provided for
by this Agreement. Business Associate agrees to implement Administrative Safeguards, Physical Safeguards and Technical Safeguards
(“Safeguards”) that reasonably and appropriately protect the confidentiality, integrity and availability of PHI as
required by the “Security Rule”, including those safeguards required pursuant to 45 C.F.R. §§ 164.308,
164.310, 164.312, 164.314 and 164.316, in the same manner that those requirements apply to Covered Entity pursuant to 45 C.F.R.
§ 164.504.

 

    	C-1

    	 

    

 

		c.	Business Associate agrees to mitigate, to the extent practicable, any harmful effect that is known to Business Associate of
a use or disclosure of PHI by Business Associate in violation of the requirements of this Agreement.

 

		d.	Business Associate agrees to report to Covered Entity any use or disclosure for the PHI not provided for by this Agreement,
including breaches of unsecured PHI as required by 45 C.F.R. § 164.410, and any Security Incident of which it becomes aware.

 

		e.	Business Associate agrees to ensure that any agent, including a subcontractor or vendor, to whom it provides PHI received from,
or created or received by Business Associate on behalf of Covered Entity agrees to the same restrictions and conditions that apply
through this Agreement to Business Associate with respect to such information through a contractual arrangement that complies with
45 C.F.R. § 164.314.

 

		f.	Business Associate agrees to provide paper or electronic access, at the request of Covered Entity and in the time and manner
designated by Covered Entity, to PHI in a Designated Record Set to Covered Entity or, as directed by Covered Entity, to an Individual
in order to meet the requirements under 45 C.F.R. § 164.524. If the Individual requests an electronic copy of the information,
Business Associate must provide Covered Entity with the information requested in the electronic form and format requested by the
Individual and/or Covered Entity if it is readily producible in such form and format; or, if not, in a readable electronic form
and format as requested by Covered Entity.

 

		g.	Business Associate agrees to make any amendment(s) to PHI in a Designated Record Set that Covered Entity directs or agrees
to pursuant to 45 C.F.R. §164.526 at the request of Covered Entity or an Individual, and in the time and manner designated
by Covered Entity.

 

		h.	Business Associate agrees to make its internal practices, books, and records relating to the use and disclosure of PHI received
from, created or received by Business Associate on behalf of Covered Entity available to Covered Entity, or at the request of Covered
Entity to the Secretary, in a time and manner designated by Covered Entity or the Secretary, for the purposes of the Secretary
determining Covered Entity’s compliance with the Privacy Rule and Security Rule.

 

		i.	Business Associate agrees to document such disclosures of PHI and information related to such disclosures as would be required
for Covered Entity to respond to a request by an Individual for an accounting of disclosures of PHI in accordance with 45 C.F.R.
§164.528.

 

		j.	Business Associate agrees to provide to Covered Entity or an Individual, in a time and manner designated by Covered Entity,
information collected in accordance with this Agreement, to permit Covered Entity to respond to a request by an individual for
an accounting of disclosures for PHI in accordance with 45 §C.F.R. 164.528.

 

    	C-2

    	 

    

 

		k.	If Business Associate accesses, maintains, retains, modifies, records, stores, destroys, or otherwise holds, uses, or discloses
Unsecured Protected Health Information (as defined in 45 C.F.R. § 164.402) for Covered Entity, it shall, following the discovery
of a breach of such information, promptly notify Covered Entity of such breach. Such notice shall include: a) the identification
of each individual whose Unsecured Protected Health Information has been, or is reasonably believed by Business Associate to have
been accessed, acquired or disclosed during such breach; b) a brief description of what happened, including the date of the breach
and discovery of the breach; c) a description of the type of Unsecured PHI that was involved in the breach; d) a description of
the investigation into the breach, mitigation of harm to the individuals and protection against further breaches; e) the results
of any and all investigation performed by Business Associate related to the breach; and f) contact information of the most knowledgeable
individual for Covered Entity to contact relating to the breach and its investigation into the breach.

 

		l.	Business Associate agrees that it will not receive remuneration directly or indirectly in exchange for PHI without authorization
unless an exception under 13405(d) of the HITECH Act applies.

 

		m.	Business Associate agrees that it will not receive remuneration for certain communications that fall within the exceptions
to the definition of Marketing under 45 C.F.R. §164.501 unless permitted by the HITECH Act.

 

		n.	Business Associate agrees that it will not use or disclose genetic information for underwriting purposes, as that term is defined
in 45 C.F.R. § 164.502.

 

		o.	Business Associate hereby agrees to comply with state laws applicable to PHI and personal information of individuals’
information it receives from Covered Entity, including the Massachusetts Data Security Regulations, 201 CMR 17.00 during the term
of the Agreement.

 

		i.	Business Associate agrees to: (a) implement and maintain appropriate physical, technical and administrative security measures
for the protection of personal information as required by any state law, including 201 CMR 17.00; including, but not limited
to: (i) encrypting all transmitted records and files containing personal information that will travel across public networks, and
encryption of all data containing personal information to be transmitted wirelessly; (ii) prohibiting the transfer of personal
information to any portable device unless such transfer has been approved in advance; and (iii) encrypting any personal information
to be transferred to a portable device; and (b) implement and maintain a Written Information Security Program as required by any
state law, including 201 CMR 17.00.

 

    	C-3

    	 

    

 

		ii.	The safeguards set forth in this Agreement shall apply equally to PHI, confidential and “personal information.”
Personal information means an individual's first name and last name or first initial and last name in combination with any one
or more of the following data elements that relate to such resident: (a) Social Security number; (b) driver's license number or
state-issued identification card number; or (c) financial account number, or credit or debit card number, with or without any required
security code, access code, personal identification number or password, that would permit access to a resident's financial account;
provided, however, that "personal information" shall not include information that is lawfully obtained from publicly
available information, or from federal, state or local government records lawfully made available to the general public.

 

		3.	Permitted Uses and Disclosures by Business Associate.

 

		a.	Except as otherwise limited to this Agreement, Business Associate may use or disclose PHI to perform functions, activities,
or services for, or on behalf of, Covered Entity as specified in the Service Arrangement, provided that such use or disclosure
would not violate the Privacy Rule if done by Covered Entity or the minimum necessary policies and procedures of Covered Entity
required by 45 C.F.R. §164.514(d).

 

		b.	Except as otherwise limited in this Agreement, Business Associate may use PHI for the proper management and administration
of the Business Associate or to carry out the legal responsibilities of the Business Associate.

 

		c.	Except as otherwise limited in this Agreement, Business Associate may disclose PHI for the proper management and administration
of the Business Associate, provided that disclosures are Required By Law, or Business Associate obtains reasonable assurances from
the person to whom the information is disclosed that it will remain confidential and used or further disclosed only as Required
By Law or for the purpose for which it was disclosed to the person, and the person notifies the Business Associate of any instances
of which it is aware in which the confidentiality of the information has been breached.

 

		d.	Except as otherwise limited in this Agreement, Business Associate may use PHI to provide Data Aggregation services to Covered
Entity as permitted by 45 C.F.R. §164.504 (e)(2)(i)(B).

 

		e.	Business Associate may use PHI to report violations of law to appropriate Federal and State authorities, consistent with 45
C.F.R. §164.502(j)(1).

 

		4.	Obligations of Covered Entity

 

		a.	Covered Entity shall notify Business Associate of any limitation(s) in its notice of privacy practices of Covered Entity in
accordance with 45 C.F.R. § 164.520, to the extent that such limitation may affect Business Associate’s use or disclosure
of PHI.

 

    	C-4

    	 

    

 

		b.	Covered Entity shall notify Business Associate of any changes in, or revocation of, permission by an Individual to use or disclose
PHI to the extent that such changes may affect Business Associate’s use or disclosure of PHI.

 

		c.	Covered Entity shall notify Business Associate of any restriction to the use or disclosure of PHI that Covered Entity has agreed
to in accordance with 45 C.F.R. §164.522, to the extent that such restriction may affect Business Associate’s use or
disclosure of PHI.

 

		5.	Permissible Requests by Covered Entity

 

Covered Entity shall not request Business Associate
to use or disclose PHI in any manner that would not be permissible under the Privacy Rule if done by Covered Entity, provided that,
to the extent permitted by the Service Arrangement, Business Associate may use or disclose PHI for Business Associate’s Data
Aggregation activities or proper management and administrative activities.

 

		6.	Term and Termination.

 

		a.	The term of this Agreement shall begin as of the effective date of the Service Arrangement and shall terminate when all of
the PHI provided by Covered Entity to Business Associate, or created or received by Business Associate on behalf of Covered Entity,
is destroyed or returned to Covered Entity, or, if it is infeasible to return or destroy PHI, protections are extended to such
information, in accordance with the termination provisions of this Section.

 

		b.	Upon Covered Entity’s knowledge of a material breach by Business Associate, Covered Entity shall either:

 

		i.	Provide an opportunity for Business Associate to cure the breach or end the violation and terminate this Agreement and the
Service Arrangement if Business Associate does not cure the breach or end the violation within the time specified by Covered Entity.

 

		ii.	Immediately terminate this Agreement and the Service arrangement if Business Associate has breached a material term of this
Agreement and cure is not possible; or

 

		iii.	If neither termination nor cure is feasible, Covered Entity shall report the violation to the Secretary.

 

		c.	Except as provided in paragraph (d) of this Section, upon any termination or expiration of this Agreement, Business Associate
shall return or destroy all PHI received from Covered Entity, or created or received by Business Associate on behalf of Covered
Entity. This provision shall apply to PHI that is in the possession of subcontractors or agents of Business Associate. Business
Associate shall retain no copies of the PHI. Business Associate shall ensure that its subcontractors or vendors return or destroy
any of Covered Entity’s PHI received from Business Associate.

 

    	C-5

    	 

    

 

		d.	In the event that Business Associate determines that returning or destroying the PHI is infeasible, Business Associate shall
provide to Covered Entity notification of the conditions that make return or destruction infeasible. Upon Covered Entity’s
written agreement that return or destruction of PHI is infeasible, Business Associate shall extend the protections of this Agreement
to such PHI and limit further uses and disclosures of such PHI to those purposes that make the return or destruction infeasible,
for so long as Business Associate maintains such PHI.

 

		7.	Miscellaneous.

 

		a.	A reference in this Agreement to a section in the Privacy Rule or Security Rule means the section as in effect or as amended.

 

		b.	The Parties agree to take such action as is necessary to amend this Agreement from time to time as is necessary for Covered
Entity to comply with the requirements of HIPAA, the Privacy and Security Rules and HITECH.

 

		c.	The respective rights and obligations of Business Associate under Section 6 (c) and (d) of this Agreement shall survive the
termination of this Agreement.

 

		d.	Any ambiguity in this Agreement shall be resolved to permit Covered Entity to comply with HIPAA and HITECH.

 

		e.	Business Associate is solely responsible for all decisions made by Business Associate regarding the safeguarding of PHI.

 

		f.	Nothing express or implied in this Agreement is intended to confer, nor shall anything herein confer upon any person other
than Covered Entity, Business Associate and their respective successors and assigns, any rights, remedies, obligations or liabilities
whatsoever.

 

		g.	Modification of the terms of this Agreement shall not be effective or binding upon the parties unless and until such modification
is committed to writing and executed by the parties hereto.

 

		h.	This Agreement shall be binding upon the parties hereto, and their respective legal representatives, trustees, receivers, successors
and permitted assigns.

 

		i.	Should any provision of this Agreement be found unenforceable, it shall be deemed severable and the balance of the Agreement
shall continue in full force and effect as if the unenforceable provision had never been made a part hereof.

 

    	C-6

    	 

    

 

		j.	This Agreement and the rights and obligations of the parties hereunder shall in all respects be governed by, and construed
in accordance with, the laws of the State of California, including all matters of construction, validity and performance.

 

		k.	All notices and communications required or permitted to be given hereunder shall be sent by certified or regular mail, addressed
to the other part as its respective address as shown on the signature page, or at such other address as such party shall from time
to time designate in writing to the other party, and shall be effective from the date of mailing.

 

		l.	This Agreement, including such portions as are incorporated by reference herein, constitutes the entire agreement by, between
and among the parties, and such parties acknowledge by their signature hereto that they do not rely upon any representations or
undertakings by any person or party, past or future, not expressly set forth in writing herein.

 

		m.	Business Associate shall maintain or cause to be maintained sufficient insurance coverage as shall be necessary to insure Business
Associate and its employees, agents, representatives or subcontractors against any and all claims or claims for damages arising
under this Business Associate Agreement and such insurance coverage shall apply to all services provided by Business Associate
or its agents or subcontractors pursuant to this Business Associate Agreement. Business Associate shall indemnify, hold harmless
and defend Covered Entity from and against any and all claims, losses, liabilities, costs and other expenses (including but not
limited to, reasonable attorneys’ fees and costs, administrative penalties and fines, costs expended to notify individuals
and/or to prevent or remedy possible identity theft, financial harm, reputational harm, or any other claims of harm related to
a breach) incurred as a result of, or arising directly or indirectly out of or in connection with any acts or omissions of Business
Associate, its employees, agents, representatives or subcontractors, under this Business Associate Agreement, including, but not
limited to, negligent or intentional acts or omissions. This provision shall survive termination of this Agreement.

 

(Signature Page Follows)

 

    	C-7

    	 

    

 

IN WITNESS WHEREOF, the undersigned have executed this Agreement
as of the date first set forth above.

 

	COVERED ENTITY	 
	Maverick Medical Group Inc.	 
	 	 
	By: /s/ Warren Hosseinion, M.D.	 
	 	 
	Title: CEO	 

 

	BUSINESS ASSOCIATE	 
	Apollo Medical Management Inc.	 
	 	 
	By: /s/ Kyle Francis	 
	 	 
	Title: CFO	 

 

    	C-8INTERCOMPANY REVOLVING LOAN AGREEMENT

 

 

This INTERCOMPANY REVOLVING LOAN AGREEMENT
("Loan Agreement"), dated as of February 1, 2013, is entered into by and between:

 

(1) Apollo Medical Management, Inc. ("Lender");
and

 

(2) Maverick Medical Group, Inc. a California
professional medical corporation ("Borrower").

 

In consideration of the covenants, conditions and agreements
set forth herein, the parties agree as follows:

  

ARTICLE 1

DEFINITIONS

 

1.1 "Advance" shall have the
meaning given in Section 2.1 of the Loan Agreement.

 

1.2 "Business Day" shall mean
any day on which commercial banks are not authorized or required to close in the United States.

 

1.3 "Commitment" shall mean an
amount equal to Five Million Dollars ($5,000,000.00).

 

1.4 "Default" shall mean any
event or circumstance not yet constituting an Event of Default but which, with the giving of any notice or the lapse of any period
of time or both, would become an Event of Default.

 

1.5 "Event of Default" shall
have the meaning given to that term in Section 5.01.

 

1.6 "GAAP" shall mean generally
accepted accounting principles and practices as promulgated by the Financial Accounting Standards Board and as in effect in the
United States from time to time, consistently applied. Unless otherwise indicated in this Loan Agreement, all accounting terms
used in this

Loan Agreement shall be construed, and all accounting and financial
computations hereunder or thereunder shall be computed, in accordance with GAAP.

 

1.7 "Governmental Authority"
shall mean any domestic or foreign national, state or local government, any political subdivision thereof, any department, agency,
authority or bureau of any of the foregoing, or any other entity exercising executive, legislative, judicial, regulatory or administrative
functions of or pertaining to government.

 

1.8 "Indebtedness" of any Person
shall mean and include the aggregate amount of, without duplication (a) all obligations of such Person for borrowed money, (b)
all obligations of such Person evidenced by bonds, debentures, notes or other similar instruments, (c) all obligations of such

Person to pay the deferred purchase price of property or services
(other than accounts payable incurred in the ordinary course of business determined in accordance with generally accepted accounting
principles), (d) all obligations under capital leases of such Person, (e) all obligations or liabilities of others secured by
a lien on any asset of such Person, whether or not such obligation or liability is assumed, (f) all guaranties of such Person
of the obligations of another Person; (g) all obligations created or arising under any conditional sale or other title retention
agreement with respect to property acquired by such Person (even if the rights and remedies of the seller or lender under such
agreement upon an event of default are limited to repossession or sale of such property), (h) net exposure under any interest
rate swap, currency swap, forward, cap, floor or other similar contract that is not entered to in connection with a bona fide
hedging operation that provides offsetting benefits to such Person, which agreements shall be marked to market on a current basis,
(i) all reimbursement and other payment obligations, contingent or otherwise, in respect of letters of credit.

 

    	 

    	 

    

 

1.9 "LIBOR Rate" shall mean the
rate per annum, calculated to the nearest .01%, at which U.S. dollar deposits are offered in the London interbank market for one
month periods as quoted in the "Money Rates" column of The Wall Street Journal on the first Business Day of each calendar
month. All computations of such interest shall be based on a year of 360 days and actual days elapsed. Such LIBOR Rate shall remain
in effect until it is adjusted on the first Business Day of the following calendar month.

 

1.10 "Loan Agreement" shall have
the meaning set forth in the opening paragraph of this document.

 

1.11 "Loan Documents" shall mean
and include this Loan Agreement and any other documents, instruments and agreements delivered to Lender in connection with this
Loan Agreement.

 

1.12 "Obligations" shall mean
and include all Advances, debts, liabilities, and financial obligations, howsoever arising, owed by Borrower to Lender of every
kind and description (whether or not evidenced by any note or instrument), direct or indirect, absolute or contingent, due or to
become due,

now existing or hereafter arising pursuant to the terms of any
of the Loan Documents, including, without limitation, all interest, fees, charges, expenses, reasonable attorneys' fees (and expenses)
and accountants' fees (and expenses) chargeable to Borrower or payable by Borrower hereunder or thereunder.

 

1.13 "Person" shall mean and
include an individual, a partnership, a corporation (including a business trust), a joint stock company, a limited liability company,
an unincorporated association, a joint venture or other entity or a Governmental Authority.

 

1.14 "Termination Date" shall
mean the fifth anniversary of the date of this Loan Agreement.

  

ARTICLE 2

ADVANCES

 

2.1 Terms. Subject to the terms and conditions
of this Loan Agreement, Lender agrees to advance to Borrower from time to time and until the Termination Date, such sums as Borrower
may request (the "Advances") but which shall not exceed, in the aggregate principal amount at any one time outstanding,
the Commitment. Advances shall be made in lawful currency of the United States of America and shall be made in same day or immediately
available funds. Each Advance shall be in an amount equal to at least $10,000 or any integral multiple of $5,000 in excess thereof
and shall be made three Business Days after written request (or telephonic request confirmed in writing). Subject to the terms
and conditions hereof, Borrower may borrow pursuant to this Section 2.1, prepay the

Advances and reborrow pursuant to this Section 2.1.

 

2.2 Payment of Outstanding Amounts.

 

    	 

    	 

    

 

(a) If not paid earlier, the outstanding
principal and interest balance of all Advances shall be due and payable to the Lender on the Termination Date.

 

(b) Not used.

 

2.3 Interest Payments. Interest on the
outstanding principal balance under the Advances shall accrue at the greater of 10% per annum or LIBOR Rate in effect. All computations
of such interest shall be based on a year of 360 days and actual days elapsed for each day on which any principal balance is outstanding
under the terms of the Loan Agreement.

 

2.4 Interest Payments. All accrued and
unpaid interest shall be due on the first Business Day of each month. If not paid earlier, all outstanding accrued interest hereunder
shall be due and payable to the Lender on the Termination Date.

 

2.5 Other Payment Terms.

 

(a) Manner. Borrower shall make all payments
due to Lender hereunder in lawful money of the United States and in same day or immediately available funds.

 

(b) Date. Whenever any payment due hereunder
shall fall due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension
of time shall be included in the computation of interest or fees, as the case may be.

 

(c) Default Rate. From and after the occurrence
of an Event of Default and during the continuance thereof, Borrower shall pay interest on all Obligations not paid when due, from
the date due thereof until such amounts are paid in full at a per annum rate equal to the three (3) percentage points in excess
of the rate otherwise applicable to Advances. All computations of such interest shall be based on a year of 360 days and actual
days elapsed.

 

2.6 Loan Account. The Obligations of Borrower
to Lender hereunder shall be evidenced by one or more accounts or records maintained by Lender in the ordinary course of business.
The accounts or records maintained by Lender shall be presumptive evidence of the amount of such Obligations, and the interest
and principal payments thereon. Any failure so to record or any error in so doing shall not, however, limit, increase or otherwise
affect the obligation of Borrower hereunder to pay any amount owning hereunder. Upon Lender's request, Borrower shall execute or
obtain and deliver all instruments, documents or writings as Lender may, from time to time, request to protect, insure, or enforce
its interest, rights or remedies created by, provided in or as a result of this Loan Agreement or any other instrument or document
executed by Borrower in connection with this Loan Agreement, whether now existing or hereafter arising, including, without limitation,
the execution of a promissory note in favor of Lender (a “Note”). In addition to all other sums agreed to be paid to
Lender hereunder, and all instruments, documents and writings securing same, Borrower shall reimburse Lender for all expenses paid
or incurred by Lender in any manner related to its Obligations, including without limitation, fees and expenses (including reasonable
attorneys’ fees and expenses) relating to the enforcement and collection thereof.

  

ARTICLE 3

REPRESENTATIONS AND WARRANTIES OF BORROWER

 

To induce Lender to enter into this Loan
Agreement and to make Advances hereunder, Borrower represents and warrants to Lender as follows:

 

    	 

    	 

    

 

3.1 Due Incorporation, etc. Borrower is
a corporation duly organized, validly existing and in good standing under the laws of its state of incorporation.

 

3.2 Authority. The execution, delivery
and performance by Borrower of each Loan Document to be executed by Borrower and the consummation of the transactions contemplated
thereby (i) are within the power of Borrower and (ii) have been duly authorized by all necessary actions on the part of Borrower.

 

3.3 Enforceability. Each Loan Document
executed, or to be executed, by Borrower has been, or will be, duly executed and delivered by Borrower and constitutes, or will
constitute, a legal, valid and binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except
as limited by bankruptcy, insolvency or other laws of general application relating to or affecting the enforcement of creditors'
rights generally and general principles of equity.

  

ARTICLE 4

CONDITIONS TO MAKING ADVANCES

 

Lender's obligation to make the initial
Advance and each subsequent Advance is subject to the prior satisfaction or waiver of all the conditions set forth in this Article
4.

 

4.1 Principal Loan Documents. Borrower
shall have duly executed and delivered to Lender: (a) the Loan Agreement; and (b) such other documents, instruments and agreements
as Lender may reasonably request.

 

4.2 Representations and Warranties Correct.
The representations and warranties made by Borrower in Article 3 hereof shall be true and correct as of the date on which each
Advance is made and after giving effect to the making of the Advance. The submission by Borrower to Lender of a request for an
Advance shall be deemed to be a certification by the Borrower that as of the date of borrowing, the representations and warranties
made by Borrower in Article 3 hereof are true and correct.

 

4.3 No Event of Default or Default. No
Event of Default or Default has occurred or is continuing.

 

4.4 Total Outstanding Advances. The total
aggregate principal amount of outstanding Advances does not exceed the Commitment.

  

ARTICLE 5

EVENTS OF DEFAULT

 

5.1 Events of Default. The occurrence of
any of the following shall constitute an "Event of Default" under this Loan Agreement and the Note:

 

(a) Failure to Pay. Borrower shall fail to
pay (i) the principal amount of all outstanding Advances on the Termination Date hereunder; (ii) any interest, Obligation or other
payment required under the terms of this Loan Agreement or any other Loan Document on the date due and such failure shall continue
for five (5) Business Days after Borrower's receipt of Lender's written notice thereof to Borrower; or (iii) any Indebtedness
(excluding Obligations) owed by Borrower to Lender on the date due and such failure shall continue for five (5) Business Days
after Borrower's receipt of Lender's written notice thereof to Borrower.

 

    	 

    	 

    

 

(b) Breaches of Covenants. Borrower shall
fail to observe or perform any other covenant, obligation, condition or agreement contained in this Loan Agreement or any other
Loan Document and (i) such failure shall continue for ten (10) Business Days, or (ii) if such failure is not curable within such
ten (10) Business Day period, but is reasonably capable of cure within thirty (30) Business Days, either (A) such failure shall
continue for thirty (30) Business Days or (B) Borrower shall not have commenced a cure in a manner reasonably satisfactory to Lender
within the initial ten (10) Business Day period; or

 

(c) Representations and Warranties. Any
representation, warranty, certificate, or other statement (financial or otherwise) made or furnished by or on behalf of Borrower
to Lender in writing in connection with any of the Loan Documents, or as an inducement to Lender to enter into this Loan Agreement,
shall be false, incorrect, incomplete or misleading in any material respect when made or furnished; or

 

(d) Voluntary Bankruptcy or Insolvency Proceedings.
Borrower shall (i) apply for or consent to the appointment of a receiver, trustee, liquidation or custodian of itself or of all
or a substantial part of its property, (ii) be unable, or admit in writing its inability, to pay its debts generally as they mature,
(iii) make a general assignment for the benefit of its or any of its creditors, (iv) be dissolved or liquidated in full or in
part, (v) become insolvent (as such term is defined in 11 U.S.C. '101 (32), as amended from time to time), (vi) commence a voluntary
case or other proceeding seeking liquidation, reorganization or other relief with respect to itself or its debts under any bankruptcy,
insolvency or other similar law now or hereafter in effect or consent to any such relief or to the appointment of or taking possession
of its property by any official in an involuntary case or other proceeding commenced against it, or (vii) take any action for
the purpose of effecting any of the foregoing; or

 

(e) Involuntary Bankruptcy or Insolvency
Proceedings. Proceedings for the appointment of a receiver, trustee, liquidator or custodian of Borrower or of all or a substantial
part of the property thereof, or an involuntary case or other proceedings seeking liquidation, reorganization or other relief with
respect to Borrower or the debts thereof under any bankruptcy, insolvency or other similar law now or hereafter in effect shall
be commenced and an order for relief entered or such proceeding shall not be dismissed or discharged within sixty (60) calendar
days of commencement.

 

5.2 Rights of Lender upon Default.

 

(a) Acceleration. Upon the occurrence or
existence of any Event of Default described in Sections 5.1(d) and 5.1(e), automatically and without notice or, at the option of
Lender, upon the occurrence of any other Event of Default, all outstanding Obligations payable by Borrower hereunder

shall become immediately due and payable, without presentment,
demand, protest or any other notice of any kind, all of which are hereby expressly waived, anything contained herein or in the
other Loan Documents to the contrary notwithstanding.

 

(b) Cumulative Rights, etc. The rights,
powers and remedies of Lender under this Loan Agreement shall be in addition to all rights, powers and remedies given to Lender
by virtue of any applicable law, rule or regulation of any Governmental Authority, any transaction contemplated thereby

or any other agreement, all of which rights, powers, and remedies
shall be cumulative and may be exercised successively or concurrently without impairing Lender's rights hereunder.

 

    	 

    	 

    

 

ARTICLE 6

MISCELLANEOUS

 

6.1 Notices. Except as otherwise provided
herein, all notices, requests, demands, consents, instructions or other communications to or upon Lender or Borrower under this
Agreement or the other Loan Documents shall be in writing and telecopied, mailed or delivered to each party at its telecopier number
or address set forth below (or to such other telecopier number or address for any party as indicated in any notice given by that
party to the other party). All such notices and communications shall be effective (a) when sent by Federal Express or other overnight
service of recognized standing, on the

Business Day following the deposit with such service; (b) when
mailed by registered or certified mail, first class postage prepaid and addressed as aforesaid through the United States Postal
Service, upon receipt; (c) when delivered by hand, upon delivery; and (d) when telecopied, upon confirmation of receipt; provided,
however, that any notice delivered to Lender under Article 2 shall not be effective until received by Lender.

 

	LENDER:	Apollo Medical Management, Inc.
	 	700 N. Brand Blvd. Suite 220
	 	Glendale, California 91203
	 	Attention: CFO
	 	 
	 	 
	BORROWER:  	Maverick Medical Group, Inc.
	 	700 N. Brand Blvd. Suite 220
	 	Glendale, California 91203
	 	Attention: CEO

 

6.2 Waivers; Amendments. Any term, covenant,
agreement or condition of this Loan Agreement or any other Loan Document may be amended or waived if such amendment or waiver is
in writing and is signed by Borrower and Lender. No failure or delay by Lender in exercising any right hereunder shall operate
as a waiver thereof or of any other right nor shall any single or partial exercise of any such right preclude any other further
exercise thereof or of any other right. A waiver or consent given hereunder shall be effective only if in writing and in the specific
instance and for the specific purpose for which given.

 

6.3 Successors and Assigns. This Loan Agreement
and the other Loan Documents shall be binding upon and inure to the benefit of Borrower, Lender and their respective successors
and permitted assigns, except that Borrower may not assign or transfer (and any such attempted assignment or transfer shall be
void) any of its rights or obligations under any Loan Document without the prior written consent of Lender.

 

6.4 Set-off. In addition to any rights
and remedies of Lender provided by law, Lender shall have the right, without prior notice to Borrower, any such notice being expressly
waived by Borrower to the extent permitted by applicable law, upon the occurrence and during the continuance of a Default or

an Event of Default, to set-off and apply against any Indebtedness,
whether matured or unmatured, of Borrower to Lender (including, without limitation, the Obligations), any amount owing from Lender
to Borrower. The aforesaid right of set-off may be exercised by Lender against Borrower or against any trustee in bankruptcy, debtor-in-possession,
assignee for the benefit of creditors, receiver or execution, judgment or attachment creditor of Borrower or against anyone else
claiming through or against Borrower or such trustee in bankruptcy, debtor-in- possession, assignee for the benefit of creditors,
receiver, or execution, judgment or attachment creditor, notwithstanding the fact that such right of set-off shall not have been
exercised by Lender prior to the occurrence of a Default or an Event of Default. Lender agrees promptly to notify Borrower after
any such set-off and application made by Lender, provided that the failure to give such notice shall not affect the validity of
such set-off and application.

 

    	 

    	 

    

 

6.5 No Third Party Rights. Nothing expressed
in or to be implied from this Agreement or any other Loan Document is intended to give, or shall be construed to give, any Person,
other than the parties hereto and thereto and their permitted successors and assigns, any benefit or legal or equitable right,
remedy or claim under or by virtue of this Agreement or any other Loan Document.

 

6.6 Partial Invalidity. If at any time
any provision of this Loan Agreement or any of the Loan Documents is or becomes illegal, invalid or unenforceable in any respect
under the law of any jurisdiction, neither the legality, validity or enforceability of the remaining provisions of the Loan Agreement
or such other Loan Documents, nor the legality, validity or enforceability of such provision under the law of any other jurisdiction,
shall in any way be affected or impaired thereby.

 

6.7 Governing Law. This Loan Agreement
and each of the other Loan Documents shall be governed by and construed in accordance with the laws of the State of California
without reference to conflicts of law rules.

 

6.8 Construction. Each of this Loan Agreement
and the other Loan Documents is the result of negotiations among, and has been reviewed by, Borrower, Lender and their respective
counsel. Accordingly, this Loan Agreement and the other Loan Documents shall be deemed to be the product of all parties hereto,
and no ambiguity shall be construed in favor of or against Borrower or Lender.

 

6.9 Entire Agreement. This Loan Agreement
and the other Loan Documents, taken together, constitute and contain the entire agreement of Borrower and Lender with respect to
the subject matter hereby and supersede any and all prior agreements, negotiations, correspondence, understandings and communications
among the parties, whether written or oral, respecting the subject matter hereof.

 

IN WITNESS WHEREOF, the parties have executed
this Loan Agreement as of the date first set forth above.

 

	 	BORROWER:	 
	 	 	 
	 	Maverick Medical Group, Inc.	 
	 	 	 
	 	By: /s/ Warren Hosseinion, M.D.   	 
	 	Name: Warren Hosseinion, M.D.	 
	 	Title:   Chief Executive Officer	 
	 	 	 
	 	 	 
	 	LENDER:	 
	 	 	 
	 	Apollo Medical Management, Inc.	 
	 	 	 
	 	By:  /s/ Kyle Francis  	 
	 	Name:  Kyle Francis	 
	 	Title:    Chief Financial Officer

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