Document:

Prepared by MERRILL CORPORATION

Exhibit

10.34

 

 

CANCELLATION AGREEMENT

 

 

This Cancellation Agreement

dated August ___, 2001, is by and between Carl Rose (“Rose”) and EpicEdge,

Inc., a Texas corporation (“Company”).

 

                WHEREAS,

the Company is a party to a Note and Preferred Stock Purchase Agreement dated

___ 2001 with respect to financing being provided to the Company.

 

                WHEREAS,

as a condition precedent for this financing, Rose is required to cancel his

warrant, dated December 1, 2000, entitling him to purchase 2,000,000 shares of

Company common stock at $0.01 per share (“Warrant”).

 

                WHEREAS,

Rose desires to cancel this Warrant as the financing to be provided to the

Company benefits both the Company and Rose.

 

                NOW,

THEREFORE, BE IT RESOLVED, for good and valuable consideration, the receipt of

which is hereby acknowledged and accepted, the parties hereby agree as follows:

 

                1.             Rose hereby cancels the Warrant,

and agrees any and all rights under the Warrant have been extinguished.

 

 

 

 

	

   

  	

   

  	

  EPICEDGE, INC.

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

  By:

  	

   

  
	

  Carl Rose

  	

   

  	

  Name:

  	

   

  
	

   

  	

   

  	

  Title:Prepared by MERRILL CORPORATION

Exhibit

10.35

 

 

AMENDMENT TO PROMISSORY NOTE

 

This AMENDMENT TO PROMISSORY NOTE (the

“Amendment”) is made this 31st day of August 2001, between EpicEdge, Inc., a

Texas corporation (“Maker”), and Carl R. Rose 

(“Payee”).

 

PREAMBLE

 

WHEREAS, Maker executed a Convertible Promissory

Note on the 11th day of November, 2000 whereby it promised to pay to

the order of Payee the sum of $500,000, (the “Original Note”), and

 

WHEREAS, in order to maximize the purposes for which

the Original Note was procured, Maker and Payee have agreed to amend the

payment terms.

 

NOW, THEREFORE, in exchange for ten and

no/100 dollars ($10), the mutual promises contained herein, and other good and

valuable consideration, the receipt and sufficiency of which are hereby

acknowledged, the parties hereto agree to amend the Original Note as follows:

 

1.     Section (a) of the

introductory paragraph of the Original Note shall be amended to reflect that

interest shall be paid based on the principal amount plus accrued interest

commencing September 1, 2001;

 

2.     Section 1(b) of the

Original Note shall be deleted;

 

3.     Section 3(a) of the

Original Note shall be amended to increase the conversion rate from fifty cents

($.50) to one dollar ($1.00);

 

4.     Section 2 of the Original

Note shall be amended to increase the cure period upon written notice of an

event of default from ten (10) days to thirty (20) days;

 

5.     Section (b) of introductory

paragraph of the Original Note shall be amended to reflect that the principal

shall mature on December 1, 2002. If the company defaults, the Payee has at its

sole discretion the right to either convert the note at $.50 per share, demand

payment or to extend the maturity date until December 1, 2003. If the company

again defaults, the Payee has at its sole discretion the right to either

convert the note at $.25 per share, demand payment or extend the maturity date

until December 1, 2004.

 

6.     All other terms of the

Original Note shall remain unmodified.

 

IN WITNESS WHEREOF, each of the parties hereto

has executed this Amendment or has caused this Amendment to be executed on its

behalf by a representative duly authorized, all as of the date first above set

forth.

 

	

  MAKER:

  	

   

  
	

   

  	

   

  	

   

  
	

  EPICEDGE,

  INC.

  	

   

  
	

   

  	

   

  	

   

  
	

  By:

  	

   

  	

   

  
	

  Name:

  	

   

  	

   

  
	

  Title:

  	

   

  	

   

  
	

   

  	

   

  	

   

  
	

  PAYEE:

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

   

  
	

  CARL R.

  ROSEPrepared by MERRILL CORPORATION

Exhibit

10.36

 

 

AMENDMENT TO PROMISSORY NOTE

 

This AMENDMENT TO PROMISSORY NOTE (the

“Amendment”) is made this 31st day of August 2001, between EpicEdge, Inc., a

Texas corporation (“Maker”), and Carl R. Rose 

(“Payee”).

 

PREAMBLE

 

WHEREAS, Maker executed a Convertible Promissory

Note on the 7th day of November, 2000 whereby it promised to pay to

the order of Payee the sum of $400,000, (the “Original Note”), and

 

WHEREAS, in order to maximize the purposes for which

the Original Note was procured, Maker and Payee have agreed to amend the

payment terms.

 

NOW, THEREFORE, in exchange for ten and

no/100 dollars ($10), the mutual promises contained herein, and other good and

valuable consideration, the receipt and sufficiency of which are hereby

acknowledged, the parties hereto agree to amend the Original Note as follows:

 

1.     Section (a) of the

introductory paragraph of the Original Note shall be amended to reflect that

interest shall be paid based on the principal amount plus accrued interest

commencing September 1, 2001;

 

2.     Section 1(b) of the

Original Note shall be deleted;

 

3.     Section 3(a) of the

Original Note shall be amended to increase the conversion rate from fifty cents

($.50) to one dollar ($1.00);

 

4.     Section 2 of the Original

Note shall be amended to increase the cure period upon written notice of an

event of default from ten (10) days to thirty (20) days;

 

5.     Section (b) of introductory

paragraph of the Original Note shall be amended to reflect that the principal

shall mature on December 1, 2002. If the company defaults, the Payee has at its

sole discretion the right to either convert the note at $.50 per share, demand

payment or to extend the maturity date until December 1, 2003. If the company

again defaults, the Payee has at its sole discretion the right to either

convert the note at $.25 per share, demand payment or extend the maturity date

until December 1, 2004.

 

6.     All other terms of the

Original Note shall remain unmodified.

 

IN WITNESS WHEREOF, each of the parties hereto

has executed this Amendment or has caused this Amendment to be executed on its

behalf by a representative duly authorized, all as of the date first above set

forth.

 

	

  MAKER:

  	

   

  
	

   

  	

   

  	

   

  
	

  EPICEDGE,

  INC.

  	

   

  
	

   

  	

   

  	

   

  
	

  By:

  	

   

  	

   

  
	

  Name:

  	

   

  	

   

  
	

  Title:

  	

   

  	

   

  
	

   

  	

   

  	

   

  
	

  PAYEE:

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

   

  
	

  CARL R.

  ROSEPrepared by MERRILL CORPORATION

Exhibit

10.37

 

 

CANCELLATION OF NOTE

 

 

I, Carl R. Rose, hereby acknowledge and

confirm that the Convertible Note dated November 17, 2001 in the amount of One

Hundred Thousand Dollars ($100,000) (the “Note”) made payable to me by

EpicEdge, Inc. was never funded pursuant to its terms.  Accordingly, the Note is hereby cancelled

and the obligations set forth therein by the Company to me are of no force and

effect.  A copy of the original note

marked cancelled is attached hereto as Exhibit “A.”

 

 

	

  Dated :

  	

   

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

   

  
	

  Carl R. RosePrepared by MERRILL CORPORATION

AMENDMENT NO.  6

TO

LOAN AND

SECURITY AGREEMENT

 

This Amendment No.

6 (“Amendment”) to the Loan and Security Agreement  is made and entered into as of July 31, 2001, by and between

HealthCare Integrated Services, Inc.; HIS of Rittenhouse Square, Inc. (successor

by assignment from Rittenhouse Square Imaging Associates, L.P.); HIS Imaging,

LLC (successor by assignment from HIS Imaging Co.) (collectively and

individually  referred to as the

“Borrower”) and DVI Business Credit Corporation (“Lender”).

 

RECITALS

A.            Borrower and Lender entered into a

Loan and Security Agreement dated December 26, 1996, and all related amendments

thereto (collectively referred to as the “Loan Agreement”);

 

B.            The parties hereto now desire to

amend the Loan Agreement on and subject to the terms and conditions set forth

herein.

 

NOW, THEREFORE, in consideration of the mutual covenants and agreements

set forth herein, and for other good and valuable consideration, the receipt

and sufficiency of which are being acknowledged and affirmed, the parties

hereto agree as follows:

 

1.       Section

1(l) “Eligible

Accounts” shall be amended and replaced in its entirety as

follows:

 

          Eligible

Accounts shall mean Borrower’s accounts receivable from commercial

insurance, Medicare, Medicaid, managed care providers, industrial authorized,

which have been due and payable for one hundred fifty (150) or fewer days from

the date of service, and worker’s compensation lien and personal injury claims,

which have been due and payable for one hundred eighty (180) or fewer days from

the date of service, and earned but unbilled charges for no-fault accounts up

to ninety (90) days from the date of service (collectively referred to as “Retail

Accounts”).

 

          Notwithstanding

the foregoing, for a period of sixty (60) days from the date of this Amendment

No. 6, the accounts receivable generated from commercial insurance, Medicare,

Medicaid, managed care providers, and industrial authorized, which have been

due and payable for one hundred eighty (180) or fewer days from the date of

service shall be considered an Eligible Account.

 

2.       The

Termination Date of the Loan Agreement is hereby extended to September 30,

2001.

 

Lender is entering

into this Amendment without any forbearance, and without waiver or prejudice of

any Event of Default or any Unmatured Default, or any rights or remedies Lender

has or may have under the Loan Agreement and applicable law.  Lender hereby expressly reserves the right

to declare an Event of Default and exercise all of Lender’s rights and remedies

thereunder.

 

All capitalized terms

used herein and not otherwise defined herein shall have the same meaning as in

the Loan Agreement. Any provision in this Amendment that may be contrary to any

provision of the Loan Agreement shall prevail and override the Loan

Agreement.  Except as expressly set

forth herein, all other provisions of the Loan Agreement and each other Loan

Document shall remain in full force and effect and are hereby ratified and

confirmed by the parties hereto. 

Borrower and Lender warrant to each other that this Amendment has been

authorized and duly executed and is binding on all parties hereto.

 

	

  BORROWER:

  	

   

  	

   

  	

  LENDER:

  	

   

  
	

  HealthCare Integrated Services, Inc.

  	

   

  	

  DVI Business Credit Corporation

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

  By:

  	

   

  	

   

  	

  By:

  	

   

  
	

  Name:

  	

  Elliott H. Vernon

  	

   

  	

  Name:

  	

   

  
	

  Title:

  	

  Chief Executive Officer

  	

   

  	

  Title:

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

  BORROWER:

  	

   

  	

   

  	

  BORROWER:

  	

   

  
	

  HIS Imaging, LLC

  	

   

  	

   

  	

  HIS of Rittenhouse Square, Inc.

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

  By:

  	

   

  	

   

  	

  By:

  	

   

  
	

  Name:

  	

  Elliott H. Vernon

  	

   

  	

  Name:

  	

  Elliott H. Vernon

  
	

  Title:

  	

  Chief Executive Officer

  	

   

  	

  Title:

  	

  Chief Executive Officer

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