Document:

Loan Extension Agreement

 Exhibit 4.25 
 LOAN EXTENSION AGREEMENT 
 This Loan Extension and Modification Agreement
(the “Agreement”) is dated as of this 8th day of May, 2013, by and between Comprehensive Care Corporation, a Delaware corporation (the “Company”) and Sherfam, Inc. (“Sherfam”). 

Terms not otherwise defined herein shall have the meaning ascribed to such terms in the following documents: (1) the 18 Month
Convertible Promissory Note Face Value $625,000 Coupon 14% Issue Date November 14, 2011 and the Addendum thereto (the “Promissory Note”) and (2) the Subscription Agreement dated November 14, 2011 between the Company and
Sherfam (“Subscription Agreement). 
 WITNESSETH: 
 WHEREAS, the Borrower obtained a loan from Sherfam in the principal amount of $625,000 (the “Loan”); 
 WHEREAS, the Loan is evidenced by the Promissory Note. 
 WHEREAS, Pursuant to the
Subscription Agreement, the Promissory Note is convertible at Sherfam’s option into the Company’s Common Stock at a conversion price of $0.25 and Sherfam received one five year Warrant for every two dollars of face value of the Promissory
Note convertible into the Company’s Common stock at a price of $0.44 per share; 
 WHEREAS, under the Promissory Note, the
Maturity Date is May 14, 2013 (the “Original Maturity Date”). Upon the Original Maturity Date and, unless and to the extent that the Promissory Note is converted in accordance with the terms therein, all outstanding principal and any
accrued and unpaid interest becomes due and owing under such Note and is to be immediately paid by the Company to Sherfam; 

WHEREAS, the Company seeks Sherfam’s consent to modify and extend the Original Maturity Date to the date specified hereinafter and,
in consideration thereof, the Company and Sherfam have agreed to modify certain terms of the Subscription Agreement as more fully set forth herein. 
 NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of which are hereby acknowledged the Company and Sherfam agree as follows: 

1. Extensions. The Promissory Note is amended to extend the Original Maturity Date from May 14, 2013 to July 15, 2013.

 2. Amendment to Subscription Agreement to Adjust Conversion Price and Strike Price. The Subscription Agreement is
amended as follows: 
 (a) The conversion price set forth in paragraph 2 (iii) of said Subscription Agreements is amended
to change the conversion price from $0.25 per share to $0.125 per share. 
 (b) The strike price on the five year Warrant set
forth in paragraph 2(iv) of said Subscription Agreement is amended to change the strike price from $0.44 per share to $0.22 per share. 
 (c) The aforementioned changes as set forth above are contained in Amendment No.1 to the Subscription Agreement attached hereto as Exhibit A. 

3. No Defaults. The Company, by execution of this Agreement, hereby represents and warrants that as of the date hereof, no Event
of Default exists or is continuing with respect to the Promissory Note or the Subscription Agreement. 

 4. Loan Extension Agreement. It is the intention and understanding of the parties
hereto that this Agreement shall act as an extension of the Promissory Note and that this Agreement shall not act as a novation of such note. 
 5. Except as specifically amended hereby, the parties hereto acknowledge and confirm that the Promissory Note and Subscription Agreement remain in full force and effect and enforceable in accordance with
their terms. 
 IN WITNESS WHEREOF, intending to be legally bound, the parties hereto have caused this Agreement to be signed by
their duly authorized officers. 
 Dated: May 8, 2013 
  

			
	SHERFAM, INC.
		
	By:	 	 /s/Alex Glasenberg

	Title:	 	 CFO

	
	COMPREHENSIVE CARE CORPORATION
		
	By: 	 	 /s/ Robert J. Landis

	Title:	 	 CFOSecond Note Modification Agmt

 Exhibit 4.26 
 SECOND NOTE MODIFICATION AGREEMENT 
 THIS
SECOND NOTE MODIFICATION AGREEMENT (this “Agreement”), entered into on the 13th day of May 2013 and made effective as of the 15th day of April 2013, is between Lloyd I. Miller III and certain of his affiliates and associates named as Holders on
Exhibit A hereto (collectively, together with their successors and assigns, “Lender”), and Comprehensive Care Corporation, a Delaware corporation (“Borrower”). 

WHEREAS, Lender is the owner and holder of the notes dated April 15, 2010 executed by Borrower to the order of Lender in the
aggregate principal sum of $1,290,650.00 bearing interest and due and payable in cash as therein provided, as more particularly described on Exhibit A hereto (collectively, the “Note”); 

WHEREAS, the original maturity date of the Note was April 15, 2012 (the “Original Maturity Date”);

 WHEREAS, the Borrower failed to repay the Note on the Original Maturity Date; 

WHEREAS, Lender and Borrower entered in to a Note Modification Agreement dated June 29, 2012 and made effective as of
April 15, 2012, a copy of which attached hereto as Exhibit B (“First Note Modification”), wherein the maturity date of the Note was extended until April 15, 2013 and the interest rate was modified as
set forth therein. 
 WHEREAS, the Borrower failed to repay the Note on April 15, 2013; 

WHEREAS, Lender is the owner and holder of warrants (the “Warrants”) for the purchase of 5,121,100 shares
of common stock of Borrower, par value $0.01 per share, pursuant to a Warrant to Purchase Shares of Common Stock issued by Borrower on April 30, 2010 (the “Warrant Agreement”); 

WHEREAS, the Warrant Agreement provides that the Warrants will expire on September 15, 2015; and 

WHEREAS, Lender is the owner and holder of warrants (the “Additional Warrants”) for the purchase of 41,500
shares of common stock of Borrower, par value $0.01 per share, pursuant to a Warrant to Purchase Shares of Common Stock issued by Borrower on January 19, 2011 (the “Additional Warrant Agreement”); 

WHEREAS, the Additional Warrant Agreement provides that the Warrants will expire on January 19, 2015; and 

WHEREAS, Lender and Borrower desire to modify the terms of the Note, Warrant Agreement and Additional Warrant Agreement as set
forth below; 
 NOW, THEREFORE, in consideration of the mutual agreements herein expressed, the parties hereto covenant
and agree as follows: 
 The Note is modified by changing the following terms: 

 

	 	•	the maturity date is changed from “April 15, 2013”, to “April 15, 2014”; and 

 

	 	•	the title of the Note is changed from “14% Senior Note, due April 15, 2013” to “14% Senior Note, due April 15, 2014”;

 The Warrant Agreement is modified by changing the following term: 

 

	 	•	the term for this Warrant is changed from “Warrant shall commence on April 27, 2010 and shall expire at 6:00 p.m., eastern time, on September 15,
2015”, to “Warrant shall commence on April 27, 2010 and shall expire at 6:00 p.m., eastern time, on September 15, 2017”. 

 The Additional Warrant Agreement is modified by changing the following term: 
  

	 	•	the term for this Warrant is changed from “Warrant shall commence on January 19, 2011 and shall expire at 6:00 p.m., eastern time, on January 19,
2015”, to “Warrant shall commence on January 19, 2011 and shall expire at 6:00 p.m., eastern time, on January 19, 2017”. 

 As partial consideration for Lender entering into this Agreement, Borrower shall,
contemporaneous with its execution of this Agreement, pay to Lender the past due interest sum of $90,345.50 (the “Past Due Interest”). The Past Due Interest sum will be paid $45,172.76 in cash and by issuing a total of
451,728 restricted shares of the Borrowers Common Stock ($0.10 per share) to Lender. All subsequent interest payments will be made in cash. 
 Also, as partial consideration for Lender entering into this Agreement, Borrower shall, contemporaneous with its execution of this Agreement, pay to Lender the sum of $32,266.26 in cash and shall issue to
Lender a total of 322,663 restricted shares of the Borrowers Common Stock ($0.10 per share) (the “Amendment Fee”). 
 Borrower’s failure to pay the either the Past Due Interest or the Amendment Fee within ten days of execution of this Second Note Modification Agreement to Lender as required herein shall constitute
an Event of Default under the Note. 
 Borrower hereby represents and warrants to Lender that (i) Borrower has the
corporate power and authority necessary to enter into this Agreement and perform its obligations hereunder, and has taken all corporate action as may be necessary or appropriate to authorize the execution and delivery of this Agreement and the
performance of its obligations hereunder, (ii) this Agreement, the Note and the Warrant Agreement are obligations enforceable in accordance with their respective terms, and neither the execution and delivery of this Agreement by Borrower nor
the performance of Borrower’s obligations hereunder will violate or contravene any applicable requirements of law or any of Borrower’s charter, bylaws or other material agreements applicable to Borrower, (iii) Borrower is justly
indebted to Lender for the unpaid principal balance of the Note, together with any and all accrued and unpaid interest or charges thereon, (iv) after giving effect to this Agreement, Borrower is not in default of any of its obligations under
the Note or the Warrant Agreement and (v) Borrower has no offsets, defenses or counterclaims or any nature with respect to the Note or the Warrant Agreement. 
 Borrower hereby unconditionally agrees and promises to pay to the order of Lender the outstanding principal balance under the Note, together with all interest thereon and all other amounts set forth
therein, in accordance with the terms, covenants and conditions set forth in the Note, as modified hereby. 
 This Agreement may
be executed in any number of separate counterparts, each of which, when so executed and delivered, shall be deemed an original, but all of which, collectively and separately, shall constitute one and the same agreement. 

Except as modified herein, all the remaining terms, covenants and conditions of the Note and Warrants are hereby ratified, and shall
continue to remain in full force and effect. 
 This Agreement shall be governed by and construed under the laws of the State of
New York. 
 Time is of the essence of each and every covenant, condition and provision to be performed by Borrower under the
Note, the Warrant Agreement and this Agreement. 
 THIS AGREEMENT REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES WITH
RESPECT TO THE MATTERS SET FORTH HEREIN AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES IN REGARD TO THESE MATTERS.

 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

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

	
	LENDER:
	
	 /s/ Lloyd I. Miller

	Lloyd I. Miller III, individually and in his capacity as authorized signatory for each of the Holders listed on Exhibit A hereto

 COMPREHENSIVE CARE CORPORATION AND SUBSIDIARIES 

 

			
	BORROWER:
	
	COMPREHENSIVE CARE CORPORATION
		
	By:	 	 /s/ Robert J. Landis

		 	Robert J. Landis
		 	Chief Financial Officer

  
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