Document:

Exhibit
10.1

    

    WAIVER
TO CREDIT AGREEMENT

    

    WAIVER, dated as of September
29, 2010 (this “Waiver”), with
respect to the Credit Agreement, dated as of May 20, 2002 (as same has been and
may be further amended, restated, supplemented or modified, from time to time,
the “Credit
Agreement”), by and between AMERICAN MEDICAL ALERT CORP.,
a New York corporation (the “Company”) and JPMORGAN CHASE BANK, N.A.,
successor in interest to The Bank of New York, a national banking association
(the “Lender”).

    

    RECITALS

    

    The
Lender has been advised by the Company that the Company has formed Alpha Message
Center Acquisition Corp., a New York corporation (“Newco”) and that
pursuant to an Agreement  (the “Acquisition
Agreement”) between Newco and Alpha Message Center, Inc., a New Jersey
corporation (“Seller”), Newco will
acquire certain assets and specified liabilities of the Seller (the “Acquisition”).

    

    The
Company has requested, and the Lender has agreed subject to the terms and
conditions of this Waiver, to waive compliance with Sections 7.02 and 7.06(c) of
the Credit Agreement with respect to the consummation of Acquisition, as herein
set forth.

    

    Accordingly,
in consideration of the premises and of the mutual covenants and agreements
hereinafter set forth, the parties hereto agree as follows:

    

    1.        Waivers.   The
Lender hereby waives compliance with the provisions of Section 7.02
[Indebtedness] and Section 7.06(c) [Loans and Investments] of the Credit
Agreement and clauses “(c)” [re: late delivery of acquisition documentation],
“(e)” [re: projections and pro forma statements] and “(g)” [re: pro forma
covenant calculations] of the definition of “Permitted Acquisitions” in Section
1.01 of the Credit Agreement, solely in order to permit the Newco to consummate
the Acquisition, provided that (a) no
Default or Event of Default has occurred and is then continuing, (b) Newco shall
not pay the “earnout” described in Sections 2.1d and 2.1e of the Acquisition
Agreement if (i) a Default or Event of Default has occurred and is then
continuing or (ii) such payments would exceed $350,000, in the aggregate, and
(c) the Lender shall not require that the Company or Newco provide the
projections, pro forma statements or pro forma financial covenant calculation
described in clauses “(e)” and “(g)” of the definition of Permitted
Acquisitions, provided further that, after
giving effect to the waivers described above, all other requirements set forth
in the definition of “Permitted Acquisition” have been satisfied.

    

    2.        Conditions
of Effectiveness. This Waiver shall become effective upon receipt by the
Lender of this Waiver, duly executed by the Company and each Guarantor and
those documents and information required to be delivered to the Lender pursuant
to the definition of “Permitted Acquisition” in Section 1.01 of the Credit
Agreement.  

    

    3.        Miscellaneous.

    

               (a)           This
Waiver shall be governed by and construed in accordance with the laws of the
State of New York.

     

               (b)           All
terms used herein shall have the same meaning as in the Credit Agreement, unless
specifically defined herein.

     

               (c)           This
Waiver shall constitute a Loan Document.

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

               (d)           Except
as expressly waived hereby, the Credit Agreement remains in full force and
effect in accordance with the terms thereof.  The Credit Agreement and
the Loan Documents are each ratified and confirmed in all respects by the
Company.  The waivers herein are limited specifically to the matter
set forth above and for the specific instance and purpose for which given and do
not constitute directly or by implication an amendment or waiver of any other
provisions of the Credit Agreement or a waiver of any other Default or Event of
Default which may occur or may have occurred under the Credit Agreement or any
other Loan Document.

     

               (e)           Upon
the effectiveness of this Waiver, each reference in the Credit Agreement and the
other Loan Documents to “this Agreement”, “hereunder”, “hereof”, “herein” or
words of like import shall mean and be a reference to the Credit Agreement after
giving effect to this Waiver.

     

               (f)           The
Company hereby represents and warrants that, (i) except with respect to the
matters described in the Press Release (as defined in Amendment No. 2 to Credit
Agreement, dated as of March 28, 2005 between the Company and the Lender), the
representations and warranties by the Company pursuant to the Credit Agreement
and each other Loan Document, as updated by the Schedules attached hereto, are
true and correct, in all material respects, on the date hereof, and (ii) no
Default or Event of Default exists under the Credit Agreement or any other Loan
Document; provided that, the  Lender hereby acknowledges and agrees
that the representations and warranties of the Company contained in the Credit
Agreement and those covenants set forth in Sections 6.05, 6.06, 6.07, and 6.12
of the Credit Agreement shall not be deemed (prior to, at or after this date of
this Waiver) to be breached as a result of the matters described in the Press
Release, provided that such matter or matters do not now or shall not hereafter
cause a Material Adverse Effect or cause the occurrence of any other Event of
Default, it being agreed and understood that the $1,500,000 charge described in
the Press Release, in itself, will not be deemed to constitute a Material
Adverse Effect.

     

               (g)           The
Company hereby: (a) acknowledges and confirms that, notwithstanding the
consummation of the transactions contemplated by this Waiver, (i) all terms and
provisions contained in the Security Documents are, and shall remain, in full
force and effect in accordance with their respective terms and (ii) the liens
heretofore granted, pledged and/or assigned to the Lender as security for the
Company’s obligations under the Notes, the Credit Agreement and the other Loan
Documents shall not be impaired, limited or affected in any manner whatsoever by
reason of this Waiver and that all such liens shall be deemed granted, pledged
and/or assigned to the Lender as security for the Company’s obligations to the
Lender, (b) represents, warrants and confirms the non-existence of any offsets,
defenses, or counterclaims to its obligations under the Credit Agreement or any
Loan Document and (c) represents and warrants that the execution, delivery and
performance by the Company of this Waiver has been duly authorized by all
requisite corporate action, if any.

     

               (h)           This
Waiver may be executed in one or more counterparts, each of which shall
constitute an original, but all of which, when taken together, shall constitute
but one Waiver.

     

    [next
page is signature page]

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

               IN WITNESS WHEREOF, the
Company and the Lender have caused this Waiver to be duly executed by their duly
authorized officers as of the day and year first above written.

    

    
      
        
          
            	
                    AMERICAN
      MEDICAL ALERT CORP.

                  	 
	 
      	 
	
                    By:

                  	
                    /s/
      Jack Rhian

                  	 
	 
      	
                    Name:
      Jack Rhian

                  	 
	 
      	
                    Title: President

                  	 
	 
      	 
	
                    JPMORGAN
      CHASE BANK, N.A.

                  	 
	 
      	 
	
                    By:

                  	
                    /s/Carolyn
      Lattanzi

                  	 
	
                     

                  	
                          
                      Name:
      Carolyn Lattanzi

                    

                  	 
	 	
                          
                      Title:
      Vice President

                    

                  	 

          

        

      

    

    

    The
undersigned, not parties to the Credit Agreement but as Guarantors under their
respective Guaranties executed in favor of the Lender, dated as of May 20, 2002,
and as Grantors under the Security Agreement, dated as of May 20, 2002, each
hereby (a) accept and agree to the terms of the foregoing Waiver, (b)
acknowledge and confirm that all terms and provisions contained in their
respective Guaranty are, and shall remain, in full force and effect in
accordance with their respective terms and (c) (i) all terms and provisions
contained in the Security Agreement are and shall remain, in full force and
effect in accordance with their respective terms and (ii) the liens heretofore
granted, pledged and/or assigned to the Lender as security for the Guaranteed
Obligations (as defined in the Guaranty) shall not be impaired, limited or
affected in any manner whatsoever by reason of this Waiver and that all such
liens shall be deemed granted, pledged and/or assigned to the Lender as security
for the Guarantee Obligations.

    

    
      
        
          	 
      	
                  HCI
      ACQUISITION CORP.

                
	 
      	
                  SAFE
      COM INC.

                
	 
      	
                  LIVE
      MESSAGE AMERICA ACQUISITION CORP.

                
	 
      	
                  NORTH
      SHORE ANSWERING SERVICE, INC.

                
	 
      	
                  ANSWER
      CONNECTICUT ACQUSITION CORP.

                
	 
      	
                  MD
      ONCALL ACQUISITION CORP.

                
	 
      	
                  AMERICAN
      MEDICONNECT ACQUISITION
CORP.

                

        

      

    

     

    
      
        
          
            
              	
                      By:

                    	
                      /s/ Jack Rhian

                    	 
	 
      	
                      Jack
      Rhian, the President of each of

                    	 
	 
      	
                      the
      foregoing corporationsUnassociated Document

    Joint
Venture Agreement

    

    The
“Agreement” was made on the 28th day of
September 2010 by and among Jinhua Bada Group, Zhejiang Kandi Vehicles Co.,
Ltd., and Tianneng Power International Co., Ltd.

    

    

     Party
A: Jinhua Bada Group

      (Address: 480 Liberation West Road,
Jinhua City, Zhejiang Province, China)

    

     Party
B: Zhejiang Kandi Vehicles Co., Ltd

      (Address: Jinhua
Industrial Zone, Jinhua City, Zhejiang Province, China)

    

     Party
C: Tianneng Power International Co., Ltd.

    (Address:
Meishan Industrial Zone, Changxing City, Zhejiang Province, China)

    

    The
Chinese government has recently called for “energy conservation” and “emission reduction” to achieve
the “sustainable development”. In order to explore a new business model and to
accelerate the industrialization process of pure electric vehicle development,
the three Parties, under the principles of “mutual complementarities”, “mutual
benefits” and “joint development”, agreed to set up an electric vehicle battery
replacement servicing company. The new service company will be based in Jinhua,
Zhejiang Province, China.

    

    
      	
              1.

            	
              Profiles
      of Each Party.

            

    

    

    Jinhua
Bada Group (“Bada Group”).

    

    Bada Group is a large
integrated group company of Jinhua Electric Power Bureau in China, and is engaged primarily in investing in electrical project development
and the related planning and management, as well as in electrical product
production and sales. Bada Group is part of the group enterprise of
Jinhua, China. It has a
complete structured system of product development and research, production and
servicing
network.

    

    Zhejiang
Kandi Vehicles Co., Ltd. (“Zhejiang Kandi”)

    

    Zhejiang Kandi, with its own vehicle
development and research center, is one of the major purely electric-powered car
manufacturers in Jinhua. Its parent company, Kandi Technologies Corp., is listed
on the NASDAQ stock market. Zhejiang Kandi has successfully developed a special
type of electric vehicle, the batteries of which can be easily removed or
replaced, and Zhejiang Kandi has over ten technical patents so far related to
this battery replacement technology.

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

    Tianneng
Power International Co., Ltd. (“Tianneng”)

    

    
      Tianneng is the wholly-owned subsidiary of
Tianneng Batteries Group. Tianneng Batteries Group, listed on “Hong Kong Stock
Exchange”, is the
leading battery producer in China. It focuses on the development, research,
production and distribution of power batteries (including lead-acid, Ni-MH and
Li-ion batteries) and wind or solar energy storage batteries, as well as those
electronic appliances for electric vehicles. Tianneng Batteries Group is ranked
among the “Top 100 Enterprises” of Zhejiang Province, China in
2010.

    

    

    2.
Objectives of the Joint Venture.

    

    The three
Parties regard unanimously the
pure electric vehicles as green vehicle products of “Zero Emission and Zero
Pollution”. They believe that these types of
vehicles have very good prospects provided the obstacles to electric vehicle purchasing
by consumers, such as high purchase costs for pure
electric vehicle, limited vehicle
driving mileage,
time-consuming battery charging methods, as well as the inadequate charging
facilities, can be
adequately addressed.
Consequently, to realize the industrialization of pure electric
vehicles, the Parties will focus on a new business model of efficient
battery replacement service
networks to address the
issues.

    

    To take
advantage of the development of Jinhua’s electric vehicle industry and
each Party’s development strengths in electric car and power battery industries
and to have a good use of their charging facilities, Zhejiang Kandi, Tianneng
and Bada Group agreed to establish a battery rental and replacement service
company (the name of the newly built company is to be confirmed by “State Administration for Industry &
Commerce of China”) to develop a comprehensive operating service network
system. This will help to satisfy various needs from clients and customers in
both product purchases and servicing.

    

    A total
of 6 battery charging and replacement stations (5*5 grid intersection layout)
are to be established in a regions of approximately 300 km2,
offering standard batteries’ leasing, charging, and replacement, as well as
recycling services, within Jinhua urban areas through the battery delivery and
replacement servicing network. Also, the professional maintenance servicing work
and after-sale services will be provided within Jinhua for pure electric car and
power battery consumers. All this will promote the industrialization of pure electric vehicle and help
to realize its standardization.

    

    3.
Registered Capital and Ownership of the New Company

    

    The initial registered capital of the
newly built service company is 6 million RMB, of which Bada Group will
own 40%, Zhejiang Kandi will own
30% and Tinneng will
own 30%. This registered capital and the ownership of the new company can
be adjusted accordingly in the future. This Agreement sets forth that the
service company’s stocks shall not be transferred to other companies or
individuals without the unanimous consent or approvals from all the
shareholders, and that its general operating businesses of the new company and
its management should be conducted in accordance with the “Corporate Articles of
Incorporation” of the company.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    4.
Two Phases for the Scheme

    

    (a).
Pilot Use Phase

    

    The new
company is scheduled to build a demonstration base of pure electric vehicles, which is
expected to help accelerate the pace of industrialization pace of
electric vehicles. The new company will apply for government approval of the
demonstration base.

    

    The new
business model will be adopted for the operating businesses in this
demonstration base, providing a set of integrated services of standard power
batteries’ leasing, quick replacement, recycling and other maintenance service
work, including lead-acid batteries.

    

    (b).
Promotion Phase

    

    Once the
new business model is successful, the new company will focus on the
“promotion phase” of the new business model.  Under the promotion
phase, the new business model will be replicated and constructed in other
cities. In this phase, the three Parties might consider integrating the
manufacture of both of the electric cars and power batteries into this business
model.

    

    5. Project Scheduling Management

    

    The three Parties promise to make a good
use of each party’s social, market and technological resources in the
construction of battery charging infrastructure and the production of
pure electric vehicles and power batteries and to cooperate with each
other and work together to create a core competitive advantage to ensure this
project can realize commercial use in a short time and that it is profitable.
They are set to create a good business operation platform for the
industrialization development of Jinhua pure electric car industry

    

    After the three Parties signed the
Agreement, three
parties will organize a “Co-work Team” and conduct pre-period market research
and the early-stage construction work in connection with the establishment of
the new service company. They are all resolved to work in good
efforts and collaborate well to make the battery rental and replacement
services company enter the trial operation phase
by the end of November of 2010. The general operating business of the new
company should be conducted in accordance with the “Company Law of PRC” and the “Articles of Incorporation” of the company.

    

    6. Rules and Regulations on
Others

    

    
      	
              (a)

            	
              Default
      Responsibility

            

    

    

    As for the failure in performing part of
the obligations set forth in the Agreement or delay in accomplishing the schemes
or projects indicated in this legal document, caused by natural irresistible
forces, the unforeseen circumstances or other conditions beyond the control of
Man, none of the three Parties shall be held responsible for these damages or losses; and the three
Parties may terminate the Agreement as they all agree to.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

    When any Party wishes to terminate the
Agreement, that Party shall notify the other two parties 30 days in advance. If
one Party ends the validity of the Agreement without
authorization or consent
from the other two parties,
then the two Parties
reserve the rights to seek legal actions against him for his breach of
the Agreement.

    

    
      	
              (b)

            	
              Effectiveness

            

    

    

    The “Joint Venture Agreement” is made out six originals which have
the same legal force and effect, and each Party is to hold two copies
of this legal
documents.

    

    And it becomes effective as from the date
of this agreement. Any undecided issues or events should be
settled by the means of formal negotiations and talks.

    

    

    Jinhua
Bada Group (Seal)

    

    Signatory: Su
Jianmin.

     

    

    Zhejiang
Kandi Vehicles Co., Ltd (Seal)

    

    Signatory: Hu
Xiaoming.

    

     

    Tianneng
Power International Co., Ltd. (Seal)

    

    Signatory: Zhou
Jianzhong.

     

    
      
         

      

      
        4

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