Document:

Exhibit 10.62

 

RADIATION THERAPY SERVICES AGREEMENT

 

This RADIATION THERAPY SERVICES AGREEMENT (“Agreement”),
effective as of January 1, 2010 (“Effective Date”), is entered into by and
between Southern New England Regional Cancer Center, LLC, a Rhode Island
limited liability company (“SNR”) and Massachusetts Oncology Services, P.C., a
Massachusetts professional corporation (“Contractor”).

 

RECITALS:

 

WHEREAS, SNR operates
an Outpatient Ambulatory Care Facility providing radiation therapy treatment at
115 Cass Avenue, Suite 1, Woonsocket, RI, 02895, and wishes to arrange for
certain specialized services of Contractor to be available as necessary to
patients of SNR;

 

WHEREAS, Contractor is
equipped and has the professional expertise to provide such specialized
services as required by SNR and is willing to do so on the terms set forth in
this Agreement; and

 

WHEREAS, SNR and
Contractor confirm that the arrangement contemplated herein has been in effect
for the last several years.

 

NOW,
THEREFORE, in consideration of the mutual promises and
covenants herein contained, the parties agree as follows:

 

AGREEMENT:

 

1.                         Contractor Obligations.

 

Contractor shall provide or
arrange for the provision of the physician services of one or more duly
licensed radiation oncologists who shall be assigned to SNR (the “Physicians”). The services shall be
provided to SNR out-patients as ordered by the patients’ responsible physicians
as agreed to by SNR and Contractor but no more than for 5 days per week, and on
an emergency on-call basis 24 hours per day, 7 days per week. In the event SNR
needs services for more than as noted above, it shall be on such terms as
mutually agreed to by the parties. Contractor shall supervise and be solely
responsible for the services of the Physicians and Contractor shall be solely
responsible for the payment of all compensation and fringe benefits to
Physicians. Contractor also shall be responsible for all employment taxes,
unemployment compensation, worker’s compensation, and other similar benefits
for Physicians.

 

2.                         Contractor Qualifications and Representations.

 

Contractor represents that
the Physicians: (a) are currently licensed and qualified to practice medicine
in the State of Rhode Island and shall at all times maintain such licenses to
practice medicine in such State without restriction; (b) have a current Drug
Enforcement Agency (“DEA”) registration, which enables Physicians to prescribe
all controlled substances and shall at all times maintain such registration
without restriction; (c) are board certified and will maintain such status
without restriction; and (d) will have staff privileges at Landmark Medical
Center.

 

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3.                         SNR Obligations.

 

a.                         SNR shall
provide such facilities, equipment, supplies, utilities, administrative and
support staff, and other support services, as they shall deem to be reasonably
necessary and appropriate for Physicians to perform its duties and
responsibilities hereunder.

 

b.                        SNR shall
provide such non-physician personnel, as determined by SNR in consultation with
Contractor, to support the professional services of Contractor to SNR.

 

4.                         Billing and Compensation.

 

a.                         Billing. Contractor
agrees that during the term of this Agreement, Contractor shall not bill to or
collect from any patient or third party payor any amount for services rendered
hereunder. Contractor hereby irrevocably assigns and grants to SNR the right to
bill to and collect from patients and/or third-party payors for all services
rendered by Physicians hereunder.

 

b.                        Compensation
for Physician Services. SNR shall pay Contractor for the services
provided pursuant to Section l(a) of this Agreement the amount of Physicians’
salary, bonus and fringe benefits each month.

 

5.                         Confidentiality.

 

Each party, during the term
of this Agreement, will acquire information concerning the other’s business
practice (“Confidential Information”). The Confidential Information of a party
is and shall remain the sole and exclusive property of that party. Neither
party, nor any of its physicians, employees or agents, may at any time during
the term of this Agreement or after the termination of this Agreement, for any
reason whatsoever, with or without cause, directly or indirectly, use for any
purpose or disclose or distribute to any person, corporation, partnership, sole
proprietorship, governmental agency, organization, joint venture or other
entity, any of the other party’s Confidential Information.

 

6.                         Physician Conduct.

 

Contractor shall cause
Physicians to (a) act in accordance with the reasonable rules and regulations
and any reasonably and medically sound policies and procedures of SNR, provided
that such rules and regulations shall not prohibit Physicians from engaging in
other independent activities for compensation on a self-employed basis or for
other organizations, including 21st Century Oncology, LLC or its affiliate; (b)
comply with all rules and regulations of any federal, state and local agency
applicable to Physicians’ practice under this Agreement; (c) comply with the
standards of any specialty board or nationally recognized credentialing board
or body applicable to Physicians’ specialty; (d) comply with all ethical
requirements of the American and State Medical Associations applicable to the
performance of Physicians’ duties; and (c) comply

 

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with all third party payor
agreements that Landmark Medical Center will be providing services under, if
applicable.

 

During the term of this
Agreement, Contractor will immediately give notice to SNR (a) of any claim,
notice of claim, demand, or suit made against Contractor or Physicians arising
out of or from the provision of professional services; (b) if Physicians’
license to practice medicine or DEA registration is suspended or revoked, or
Physicians are reprimanded, sanctioned or disciplined by any licensing or
specialty board or by any state or local medical society; (c) if Physicians are
denied membership or reappointment of membership to the medical staff of any
hospital or Physicians’ clinical privileges at any hospital are suspended,
curtailed or revoked; or (d) if Physicians have been terminated or deselected
from participation under any third party payor arrangement.

 

7.                         Medical Records.

 

Contractor shall cause
Physicians to promptly complete and maintain, in accordance with reasonable
policies and procedures of SNR, all medical records respecting Physicians’
patient care activities for SNR. All medical records shall be the sole and
exclusive property of SNR and shall not be removed from its premises or copied
except for the legitimate business purposes of SNR without its express written
consent.

 

8.                         Term and Termination.

 

The term of this Agreement
shall be for two (2) years commencing on the Effective Date. In addition, this
Agreement may be terminated “for cause” at anytime (a) by either party if there
is a material breach of a material provision of this Agreement by the other
party and that material breach cannot be cured with sixty (60) days from the
date of written notice of such breach; (b) by either party if the other party
is convicted of a felony; or (c) by either party if the other party engages in
conduct bringing significant discredit to the reputation of either party. If
this Agreement is terminated prior to the expiration of the first anniversary
of the Effective Date, the parties shall not enter into a subsequent agreement
relating to the same services on different terms until the expiration of the
one (1) year anniversary of the Effective Date. Either party may terminate this
Agreement without cause upon sixty (60) days prior written notice to the other
party.

 

9.                         Independent Contractor Relationship.

 

Contractor acknowledges and
agrees that Contractor is an independent contractor and, as such, Physicians
and Contractor personnel are not entitled to participate in any fringe benefit
programs offered by SNR to its employees, including but not limited to medical
malpractice insurance coverage. Contractor further understands and acknowledges
that no other payments, taxes (including payroll and/or employment taxes, such
as FICA, FUTA, federal or state personal income, state disability insurance tax
and state unemployment insurance tax) or fringe benefits of any kind will be
made in compensation for services rendered and that Contractor shall assume
sole and complete responsibility for the payment of any applicable taxes.
Contractor acknowledges that no workers’ compensation insurance has been or
will be obtained by SNR on

 

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account of Contractor.
Contractor shall comply with the State workers’ compensation laws, as
applicable.

 

10.                   Compliance With Laws.

 

Contractor agrees to act in
compliance with all laws and regulations (including without limitation,
Medicare and Medicaid program requirements as applicable), which relate to
Contractor’s performance of services described in this Agreement. Contractor
agrees to timely notify SNR in the event that Contractor has violated any such
statutory or regulatory requirements, and the nature of such violation, to
enable SNR to take prompt corrective action. Contractor agrees that SNR shall
have the right to automatically terminate this Agreement in the event
Contractor fails to comply with this provision.

 

11.                   Insurance.

 

Contractor shall at all
times during the term of this Agreement have in place professional liability
insurance covering the acts and omissions of all Physicians and its other
health care professionals providing services under this Agreement. Contractor
currently carries professional liability insurance covering Contractor and
these individuals in the amount of One Million Dollars ($1,000,000) per
occurrence and Three Million Dollars ($3,000,000) in the aggregate. Contractor
will provide proof of insurance upon SNR’s request and notify SNR in writing in
the event there is any decrease in the dollar amounts of coverage or material
adverse change in coverage.

 

12.                   Indemnification.

 

Each party shall indemnify,
defend, and hold the other party, its agents, officers, servants, employees and
contractors harmless from and against any and all claims, losses, damages,
liabilities, obligations, deficiencies or injuries of any kind or character
(including, without limitation, attorneys’ fees and reasonable costs of
defense) resulting from or arising out of (i) any inaccuracy and/or breach of
the representations or warranties in this Agreement, (ii) any non-fulfillment
or breach or default in its performance of any of the respective covenants or
agreements made herein or (iii) any act or omission of the indemnifying party,
its agents or employees.

 

13.                   Health Law Compliance.

 

a.                         Compliance with Applicable Law.

 

This Agreement is at all
times is to be subject to applicable state, local, and federal law, including
but not limited to the Social Security Act, the rules, regulations and policies
of the U.S. Department of Health and Human Services, all public health and
safety provisions of state law and regulations, and the rules and regulations
of the Rhode Island Department of Health. The parties have entered into this
Agreement with the full intent of it being compliant with applicable law,
rules, and regulations, and any interpretation of this Agreement shall be
consistent therewith. The parties intend this Agreement to

 

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comply with the Personal
Services and Management Contracts Safe Harbor to the Medicare and Medicaid
Anti-Fraud and Abuse Statute, which is set forth in 42 C.F.R. §1001.952 (d).

 

b.                        Invalid Provisions.

 

In the event any future
final decision of a court of competent jurisdiction, statute, rule, regulation,
or regulatory interpretation is inconsistent or contrary with the terms of this
Agreement or that would cause one or both of the parties to be in violation of
law the parties shall promptly suspend the performance of any unlawful
covenant. The parties shall promptly meet and amend this Agreement,
maintaining, however, the terms and intent of this Agreement to the greatest
extent possible within the requirements of law. For purposes of this Section
13(b), if the parties are unable to agree upon an amendment within 30 days
after a written request has been made by either party to the other, then either
party may terminate this agreement without further liability upon written notice
to the other.

 

14.                   No Obligation or Intent to Refer.

 

Nothing contained in this
Agreement shall be deemed to obligate either party to send or refer patients to
the other party. No payment is based upon or measured by the volume or value of
referrals.

 

15.                   Payments are Fair Market Value.

 

The parties agree that
payments made by SNR to Contractor hereunder are fair market value
consideration for the items and services provided, and the payments are based
upon arms-length bargaining and the value of similar services in the community.
Contractor and SNR intend such payments solely as compensation for the services
and items.

 

16.                   Access to Records.

 

To the extent required by
Section 1861(v)(l)(I)(i) of the Social Security Act, as amended, and by valid
regulation which is directly applicable to that section, Contractor agrees to
make available upon valid written request from the Secretary of the Department
of Health and Human Services, the Comptroller General, or any other duly
authorized representatives, this Agreement and the books, documents and records
of Contractor to the extent that such books, documents and records are
necessary to certify the nature and extent of Landmark Medical Center’s costs
for Services provided by Contractor hereunder.

 

17.                   Notice.

 

Any notice or other
communication which is required or permitted under this Agreement shall be in
writing and shall be deemed to have been given, delivered, or made, as the case
may be (notwithstanding lack of actual receipt by the addressee) (i) on the date
sent if delivered personally or by cable, telecopy, telegram, telex, or
facsimile (which is confirmed) or (ii) three

 

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(3) business days after
having been deposited in the United States mail, certified or registered,
return receipt requested, sufficient postage affixed and prepaid, or (iii) one
(1) business day after having been deposited with a nationally recognized
overnight courier service (such as by way of example, but not limitation, U.S.
Express Mail, Federal Express, or Airborne), to the parties at the following
addresses (or at such other address for a party as shall be specified by like
notice):

 

	
   

  	
  If to SNR:

  	
   

  	
  2270 Colonial Boulevard

  
	
   

  	
   

  	
   

  	
  Ft. Myers, FL 33907

  Attn: Chief Financial Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  If to Contractor:

  	
   

  	
  2270 Colonial Boulevard

  
	
   

  	
   

  	
   

  	
  Ft. Myers, Florida 33907

  Attn: Chief Financial Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  With a Copy to:

  	
   

  	
  1010 Northern Boulevard,
  Suite 314

  
	
   

  	
   

  	
   

  	
  Great Neck, NY 11021

  Attn: Executive Vice President and General Counsel

  

 

18.                   Applicable Law.

 

This Agreement will be
governed by and construed in accordance with the laws of the State of Rhode
Island.

 

19.                   Authority.

 

The individuals signing
below represent that they have authority to bind their respective organizations
to the terms of this Agreement. The representative of Contractor signing below
also represents that he/she has authority to bind the Physicians to the terms
of this Agreement.

 

20.                   Amendment.

 

This Agreement can be
amended only by a written agreement signed by both parties.

 

21.                   Entire Agreement.

 

This Agreement represents
the entire agreement of the parties as to the subject matter hereof.

 

22.                   Agreement for Benefit of Parties.

 

This Agreement is intended
to be for the exclusive benefit of the parties hereto, and shall not be construed
to create any right of or benefit to any other party whatsoever.

 

23.                   Waiver of Breach.

 

The waiver by any party
hereto of a breach of this Agreement by another party shall not operate or be
construed as a waiver of any subsequent breach by such other party.

 

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24.                   Assignment.

 

Neither party may assign
this Agreement without the prior written consent of the other, which consent
shall not be unreasonably withheld; provided, however, that each party hereby consents
to any assignment to any successor of the other due to acquisition, merger,
consolidation or reorganization, provided that any such assignment shall not
alter the terms of the Agreement without the written consent of the
non-assigning party.

 

25.                   Counterparts.

 

This Agreement may be
executed simultaneously in two or more counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same
instrument.

 

[Remainder
of Page Intentionally Left Blank]

 

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IN WITNESS WHEREOF, the
parties have set their hand as of the Effective Date set forth above.

 

	
  WITNESSES:

  	
   

  	
  SOUTHERN
  NEW ENGLAND REGIONAL

  CANCER CENTER, LLC:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ Debra J. Guild

  	
   

  	
  By:

  	
  /s/ Kerrin E. Gillepsie

  
	
  Name:

  	
  Debra J. Guild

  	
   

  	
  Name:

  	
  Kerrin E. Gillepsie

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Treasurer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  MASSACHUSETTS
  ONCOLOGY SERVICES,

  P.C.:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ Debra J. Guild

  	
   

  	
  By:

  	
  /s/ Jeffrey A. Pakrosnis

  
	
  Name:

  	
  Debra J. Guild

  	
   

  	
  Name:

  	
  Jeffrey A. Pakrosnis

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Treasurer

  

 

8Exhibit 10.63

 

TRANSITION AGREEMENT AND STOCK PLEDGE

 

This Transition Agreement
and Stock Pledge (this “Agreement”) is made as of
                                                ,
2008 by and between 21st Century Oncology-CHW, LLC (“Manager); Redding
Radiation Oncologists, P.C. (the “P.C.”); and Michael C. Katin, M.D. (the “Current
Shareholder”).

 

RECITALS

 

A. The P.C. and Manager
intend to enter into a Facilities and Management Services Agreement (the “MSA”),
pursuant to which the P.C. engaged Manager to provide certain office
facilities, equipment, supplies and administrative services in connection with
the P.C.’s provision of medical services in California (the “State”).

 

B. The Current Shareholder
owns all of the issued and outstanding shares of the capital stock of the P.C.

 

C. The parties hereto
believe it to be in their best interest to make provision for the future
disposition of all of the shares of the capital stock of the P.C. whether
currently issued and outstanding or issued at any time hereafter (the “Shares”).

 

D. The Current Shareholder
may desire to issue or transfer Shares to qualified shareholders satisfactory
to and approved by Manager (together with the Current Shareholder the “Shareholders”),
upon such Shareholders becoming licensed to practice medicine in the State, and
provided that each or all, as applicable, execute an agreement in substantially
the same form as this Agreement.

 

E. The Current Shareholder
desires to pledge the Shares to secure the covenants made in this Agreement,
and Manager desires to accept such security interest.

 

NOW,
THEREFORE, for and in consideration of the mutual agreements,
terms, covenants and conditions contained herein and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties agree as follows:

 

1. Definitions.

 

1.1 “Shareholder Event of
Transfer” means any one or more of the following events:

 

(a) The transfer of any
Shares by any Shareholder, including any sale, assignment, conveyance, gift or
any other form of disposition or transfer, voluntary or involuntary, including
transfers by bequest or inheritance, without the approval of Manager;

 

(b) Loss of a
Shareholder’s license to practice medicine in the State for any reason;

 

(c) A Shareholder is
adjudicated incompetent;

 

 

(d) A Shareholder
becomes insolvent by reason of an inability to pay debts as they mature; files
a petition in bankruptcy, reorganization or similar proceeding under the
bankruptcy laws of the United States or has such a petition filed against a
Shareholder which is not discharged within thirty (30) days; has a receiver or
other custodian, permanent or temporary, appointed for the business, assets or
property of a Shareholder; has bank accounts, property or accounts of a Shareholder’s
attached; has execution levied against business or property of a Shareholder;
makes an assignment for the benefit of creditors; or a Shareholder has any
Shares attached or levied upon for the payment of debts;

 

(e) Any representation
or covenant contained in this Agreement is breached by a Shareholder; or

 

(f) For any reason a
Shareholder no longer meets the qualifications to be a shareholder of a
professional corporation in the State.

 

The parties hereby agree and
acknowledge that any non-breaching Shareholders may cure a Shareholder Event of
Transfer by purchasing all of the Shares of a Shareholder who has caused any of
such Shareholder Events of Transfer to occur, within thirty (30) days of such
Event.

 

1.2 “P.C. Event of Transfer”
means any one of the following events:

 

(a) There is a Default
(as defined in Section 10) under the MSA by the P.C. which is not cured
within any applicable cure periods stated in the MSA; or

 

(b) Any representation
or covenant contained in this Agreement is breached by the P.C.

 

2. Grant of Security
Interest. Each Shareholder grants to Manager a security interest in the
Shares to secure the Shareholder’s obligations set forth in Section 3.

 

3. General Restriction on
Transfer. No Shareholder shall sell, transfer, encumber, pledge, will, or
otherwise dispose of such Shareholder’s Shares, or allow such Shareholder’s
Shares to pass under the intestate laws or by operation of law, except as
provided in this Agreement. If any Shares or any rights therein are transferred
contrary to this Agreement, Manager retains a security interest in such Shares
and in the proceeds of such disposition.

 

4. Conditional Agreement
to Transfer Stock. Except where the non-breaching Shareholders cure a
Shareholder Event of Transfer as provided in Section 1.1 above, all
Shareholders shall immediately transfer the Shares as set forth in this
Agreement for the Purchase Price set forth in Section 7 below upon the
occurrence of a P.C. Event of Transfer or upon the occurrence of a Shareholder
Event of Transfer.

 

5. Transfers by
Shareholders. If a Shareholder Event of Transfer occurs, then the P.C. and
any Shareholder aware of such Shareholder Event of Transfer, the Shareholder’s
legal representative or a lien creditor of the Shareholder exercising its remedies
with respect to such Shareholder (in any case, the “Transferring Shareholder”)
shall give the

 

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P.C., Manager and each of
the other Shareholders written notice thereof within five (5) days of such
Shareholder Event of Transfer (the “Notice”).

 

5.1 During the period
commencing on the date the Notice is given and ending thirty (30) days
thereafter (the “Shareholders’ Option Period”), the Shareholders other than the
Transferring Shareholder shall, in relative proportion to the respective
ownership of Shares of such Shareholders who desire to exercise their option,
have the exclusive right (but not the obligation) to acquire all or a portion
of the Transferring Shareholder’s Shares at the pro rata Purchase Price
determined pursuant to Section 7 hereof. Said Shareholders may exercise
this option by delivering, within the Shareholders’ Option Period, to the
Transferring Shareholder, Manager and the P.C. a writing stating that said
Shareholders have elected to acquire all or such specified number or proportion
of the Transferring Shareholder’s Shares not later than ninety (90) days after
the date of the Notice. If not all Shareholders (other than the Transferring
Shareholder) elect to acquire the Transferring Shareholder’s Shares, the
Shareholders that have elected to acquire the Transferring Shareholder’s Shares
may acquire the Transferring Shareholder’s Shares in relative proportion to
their respective ownership of Shares (not counting Shares held by the Transferring
Shareholder or by Shareholders who have not elected to acquire the Transferring
Shareholder’s Shares).

 

5.2 If the Shareholder’s
Option Period shall have expired without the election by any of the
Shareholders to acquire any and all of the Transferring Shareholder’s Shares,
then, for a period of thirty (30) days commencing thirty-one (31) days after
the date of the Notice (the “P.C. Option Period”), the P.C. shall have the
exclusive right (but not the obligation) to acquire all or a portion the Transferring
Shareholder’s Shares at the pro rata Purchase Price. The P.C. may exercise its
option by delivering, within the P.C. Option Period, to each of the
Shareholders and Manager a writing stating that the P.C. has elected to acquire
all or such specified number or proportion of the Transferring Shareholder’s
Shares no later than ninety (90) days after the date of the Notice.

 

5.3 If, but only if, the
Shareholder’s Option Period and the P.C. Option Period shall have expired
without the election by any of the Shareholders other than the Transferring
Shareholder or the P.C. to acquire all of a Transferring Shareholder’s Shares,
then Manager shall designate a Transferee (“Transferee”) to purchase the Shares
which are not being purchased pursuant to Sections 5.1 and 5.2 above. The
Transferee shall be a physician licensed to practice medicine in the State who
specializes in radiation oncology.

 

6. Transfer on P.C. Event
of Transfer. If a P.C. Event of Transfer occurs, Manager shall designate a
Transferee to purchase all of the Shares of the P.C. within thirty (30) days of
Manager’s discovery of the occurrence of a P.C. Event of Transfer.

 

7. Payment of Purchase
Price. The purchase price for any transfer of the Shares (the “Purchase
Price”) shall be an amount equal One Hundred Dollars ($100.00) The Purchase
Price shall be payable in cash or by cashier’s check at the closing of the sale
and purchase of the Shares.

 

8. Commercially
Reasonable Disposition. The parties acknowledge that it would be impossible
to realize a commercially reasonable price in the event of the disposition of

 

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the pledged stock by public
sale and very difficult to do so by private sale, except on the terms and
conditions set forth herein. Therefore, the parties acknowledge that a
disposition of the Shares pursuant to the terms of this Agreement is a
commercially reasonable disposition. The parties further acknowledge and agree
that the Purchase Price set forth in Section 7 is commercially reasonable
and that they will be bound by such Purchase Price.

 

9. Term. This
Agreement shall continue for as long as the MSA and any renewals thereof are in
effect.

 

10. Representations and
Warranties. P.C. and each of the Shareholders represent and warrant the
following:

 

10.1 No Contravention.
There is no provision of any agreement to which P.C. or any Shareholder is a
party or of any law that would be contravened by the execution, delivery, or
performance of this Agreement. There are no outstanding or authorized options,
warrants, purchase rights, subscription rights, conversion rights, exchange
rights, or other contracts or commitments that could require the P.C. to issue,
sell, or otherwise cause to become outstanding any of its capital stock. There
is no litigation nor are there any proceedings by any public body, agency, or
authority presently pending or threatened against the P.C. or any Shareholder,
the outcome of which might materially and adversely affect the continued
operations of the P.C.

 

10.2 Shares. Each
Shareholder has good title, free and clear of all claims, charges, liens,
encumbrances, restrictions, options, calls and defects of any kind or nature
whatsoever, except for the security interest granted hereby; no other person,
entity, or governmental authority has or claims any lien or other interest in
the Shares; no adverse financing statements are on file; and there is no
litigation nor are there any proceedings by any public body, agency, or
authority presently pending or threatened against any Shareholder, the outcome
of which might materially and adversely affect the P.C. or the Shares.

 

10.3 Survival of
Representations and Warranties. All representations and warranties shall
survive the execution and delivery of this Agreement.

 

11. Affirmative Covenants.

 

11.1 Application to
Future Shares. This Agreement shall apply to all Shares now owned or
hereafter acquired whether such acquisition be the result of purchase, stock
dividend, split-up, recapitalization or issuance by the P.C. of additional
shares of capital stock.

 

11.2 No Agency and
Defense Against Claims. Nothing in this Agreement shall make any
Shareholder an agent of Manager for any purpose whatsoever. Each Shareholder
shall defend the Shares against all claims, demands, and defenses affecting
Manager’s security interest, regardless of merit, and shall hold Manager
harmless therefrom, including, without limitation, holding Manager harmless
from all attorneys’ fees and other litigation expenses arising out of any such
claims, demands, or defenses.

 

11.3 Disposition and
Issuances of the P.C.’s Common Stock. The P.C. shall not, and during the
term of this Agreement each Shareholder shall not cause the P.C. to

 

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issue, sell or otherwise
cause to be outstanding any additional capital stock, except for (a) sales
of such stock made to approved Shareholders; (b) the transfer without
consideration of any of the Shares to a revocable trust created by a
Shareholder, provided that any and all trustees of such trust first agrees in
writing to hold Shares so transferred subject to this Agreement; and (c) the
transfer of Shares to a Transferee as provided herein.

 

11.4 Restriction on
Distributions. In no event shall the Current Shareholder cause the P.C. to
make distributions to any individual or entity other than pursuant to the MSA
without the express prior written consent of Manager.

 

12. Custody and Handling
of Collateral and Records.

 

12.1 Protection of
Secured Party’s Security Interest. Upon execution of this Agreement, each
Shareholder shall give Manager the certificate(s) representing such
Shareholder’s Shares duly endorsed in blank or, if not endorsed in blank, each
Shareholder shall give Manager a duly executed stock power in blank.

 

12.2 Restrictive Legend.
Each certificate representing Shares shall be marked with a legend
substantially in the following form:

 

THE RIGHT
TO SELL, TRANSFER OR ENCUMBER THE SHARES REPRESENTED BY THIS CERTIFICATE IS
RESTRICTED UNDER THE TERMS OF TRANSITION AGREEMENT AND STOCK PLEDGE DATED
                        ,
2008, TO WHICH THE P.C. IS A PARTY. THE P.C. WILL MAIL A COPY OF SAID AGREEMENT
TO ANY SHAREHOLDER WITHOUT CHARGE WITHIN FIVE (5) DAYS AFTER RECEIPT OF
WRITTEN REQUEST THEREFORE.

 

13. Default and Remedies.

 

13.1 Remedies Upon
Default. Upon the occurrence of any breach of any covenant or warranty
contained in this Agreement (“Default”) by the P.C. or any or all of the
Shareholders and continuously thereafter until waived in writing, any of the
parties hereto not in breach of this Agreement shall have the right and option
to immediately send notice to all parties hereto of a Shareholder Event of
Transfer or a P.C. Event of Transfer, as applicable, to cause a transfer of
Shares pursuant to Section 5 or Section 6 hereof, subject to a
subsequent determination of the Purchase Price. In the event of a Default,
Manager may exercise any other remedy available to Manager as a secured party
under law or equity. Manager shall be entitled upon any breach or threatened
breach of this Agreement to the granting of a temporary restraining order, a
temporary or permanent injunction, or any other equitable remedy which may then
be available without further notice.

 

13.2 Construction of
Rights and Remedies and Waiver of Notice and Consent.

 

(a) This Section 13
applies to all rights and remedies provided by this Agreement or at law or in
equity.

 

5

 

(b) No forbearance in
exercising any right or remedy shall operate as a waiver thereof; no forbearance
in exercising any right or remedy on any one or more occasions shall operate as
a waiver thereof on any future occasion; and no single or partial exercise of
any right or remedy shall preclude any other exercise thereof or the exercise
of any other right or remedy.

 

14. Miscellaneous.

 

14.1 Notices. If at
any time after the execution of this Agreement, it shall become necessary or
convenient for one of the parties to serve any notice, demand or communication
upon the other parties, such notice, demand, or communication shall be in
writing and shall be served personally, by nationally recognized overnight
courier which provides confirmation of delivery, or by depositing the same in
the United States mail, registered or certified, return receipt requested,
postage prepaid and to such address as each party may have furnished to the
other parties in writing as the place for the service of notice. Any notice so
mailed shall be deemed to have been given three (3) days after the same
has been deposited in the United States mail; when delivered if the same has
been given personally; or the next business day if the same has been delivered
to a nationally recognized overnight courier service.

 

14.2 Governing Law.
This Agreement shall be construed and interpreted under the laws of the State.

 

14.3 Binding Effect.
This Agreement shall be binding upon the P.C., each Shareholder, the
Shareholders’ personal representatives, heirs, successors, and assigns, as the
case may be, and shall be binding upon and inure to the benefit of Manager and
its successors and assigns. Neither the P.C. nor any Shareholder may assign
this Agreement.

 

14.4 Amendment. This
Agreement may be amended, but only by a written amendment signed by all parties
hereto.

 

14.5 Severability. If
any provision of this Agreement or the application of any provision to any
party or circumstance shall be adjudged invalid or unenforceable to any extent,
the remainder of this Agreement and the application of the provision to any
other party or circumstance shall not be affected thereby. Each provision of
this Agreement shall be valid and enforceable to the fullest extent permitted
by law.

 

14.6 Headings. The
headings in this Agreement are for convenience of reference only and shall not
be used in interpreting this Agreement.

 

14.7 Number; Gender.
Where appropriate, the number of all words in this Agreement shall be both
singular and plural and the gender of all pronouns shall be masculine,
feminine, neuter, or any combination thereof.

 

14.8 Counterparts.
This Agreement may be executed in two or more counterparts, including facsimile
signature, each of which shall be deemed to be an original, but all of which
shall constitute the same Agreement.

 

6

 

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

 

	
   

  	
   

  	
  21st CENTURY ONCOLOGY-CHW, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Jeffrey A. Pakrosnis

  
	
   

  	
   

  	
  Name:

  	
  Jeffrey A. Pakrosnis

  
	
   

  	
   

  	
  Title:

  	
  Treasurer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  REDDING
  RADIATION ONCOLOGISTS, P.C.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Michael J. Katin

  
	
   

  	
   

  	
  Name:

  	
  Michael J. Katin, M.D.

  
	
   

  	
   

  	
  Title:

  	
  President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ Michael J. Katin

  
	
   

  	
   

  	
  Michael J. Katin, M.D.

  

 

7

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