Document:

EX-10.1

FIRST AMENDMENT TO

12% SENIOR CONVERTIBLE NOTES

THIS FIRST AMENDMENT TO 12% SENIOR CONVERTIBLE NOTES (this “Amendment”) is entered into on
December 31, 2009 by and between PET DRX CORPORATION, a Delaware corporation (the “Company”),
CAMDEN PARTNERS STRATEGIC FUND III, L.P., CAMDEN PARTNERS STRATEGIC FUND III-A, L.P., GALEN
PARTNERS IV, L.P., GALEN PARTNERS INTERNATIONAL IV, L.P., and GALEN EMPLOYEE FUND IV, L.P.
(collectively, the “Majority Holders”).

R E C I T A L S

A. Reference is hereby made to those certain 12% Senior Convertible Notes issued by the
Company in favor of the holders listed on the schedules attached thereto in the aggregate principal
amount of $6,500,000 and convertible into shares of common stock of the Company on terms and
conditions set forth therein (collectively, the “Company Notes”).

B. Capitalized terms used herein shall, unless otherwise indicated, have the respective
meanings set forth in the Company Notes.

C. Pursuant to the terms of the Company Notes, the Company Notes may be amended upon the
written consent of the Company and the Majority Holders so long as the amendment applies to all
outstanding Company Notes and the amendment does not (i) change the Stated Maturity Date of the
Company Notes, (ii) reduce the principal amount of the Company Notes or the interest due thereon,
(iii) change the Conversion Price or (iv) change the place of payment of the Company Notes.

D. In accordance with the terms of the Company Notes, the Company and the Majority Holders
hereto desire to modify the Company Notes, subject to the terms and conditions set forth herein.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows:

1. Amendments to the Company Notes.

(a) Section 1 of each of the Company Notes is amended by adding the following
definition:

“Second Stockholder Approval” shall mean the approval of the Company’s
stockholders of the issuance of Common Stock issuable upon conversion of the Premium
as contemplated by Section 4(a)(2) hereof.

(b) Section 4(a) of each of the Company Notes is hereby deleted in its entirety and
replaced with the following:

4. Conversion Rights.

	 	(a)	 	(1) Following the date of the Stockholder Approval to the
earliest of the date of the Second Stockholder Approval, the Stated Maturity
Date and the Redemption Date, and subject to and upon compliance with the
provisions of this Note, the Holder shall have the right, at its option at any
time, to convert some or all of the Note into such number of fully paid and
nonassessable shares of Common Stock as is obtained by: (i) adding (A) the
principal amount of this Note to be converted and (B) the amount of any accrued
but unpaid interest with respect to such portion of this Note to be converted;
and (ii) dividing the result obtained pursuant to clause (i) above by the
Conversion Price then in effect.

	 	(2)	 	Following the date of the Second Stockholder
Approval to the earlier of the Stated Maturity Date and the Redemption
Date, and subject to and upon compliance with the provisions of this
Note, the Holder shall have the right, at its option at any time, to
convert all (but not less than all) of the Note into such number of
fully paid and nonassessable shares of Common Stock as is obtained by:
(i) adding (A) the principal amount of this Note to be converted, (B)
the Premium, and (C) the amount of any accrued but unpaid interest on
this Note; and (ii) dividing the result obtained pursuant to clause (i)
above by the Conversion Price then in effect.

	 	(3)	 	The rights of conversion set forth in this
Section 4 shall be exercised by the Holder by giving written notice to
the Company that the Holder elects to convert a stated amount of this
Note into Common Stock and by surrender of this Note (or, in lieu
thereof, by delivery of an appropriate lost security affidavit and
indemnity in form and substance reasonably satisfactory to the Company
in the event this Note shall have been lost or destroyed) to the
Company at its principal office (or such other office or agency of the
Company as the Company may designate by notice in writing to the
Holder) at any time on the date set forth in such notice (which date
shall not be earlier than the Company’s receipt of such notice),
together with a statement of the name or names (with address) in which
the certificate or certificates for shares of Common Stock shall be
issued.

(c) Section 4(l) of each of the Company Notes is hereby deleted in its entirety and
replace with the following:

	 	(l)	 	Subject to the Stockholder Approval and the Second Stockholder
Approval, the Company shall at all times reserve and keep available out of its
authorized Common Stock, solely for the purpose of issuance upon conversion of
this Note as herein provided, such number of shares of Common Stock as shall
then be issuable upon the conversion of this Note. The Company covenants that
all shares of Common Stock which shall be so issued shall be duly and validly
issued and fully paid and nonassessable, and free from all taxes, liens and
charges with respect to the issue thereof, and, without limiting the generality
of the foregoing, and that the Company will from time to time take all such
action as may be requisite to assure that the par value per share of the Common
Stock is at all times equal to or less than the Conversion Price in effect at
the time. The Company shall take all such action as may be necessary to assure
that all such shares of Common Stock may be so issued without violation of any
applicable law or regulation, or of any requirement of any national securities
exchange or trading market upon which the Common Stock may be listed. The
Company shall not take any action which effects any adjustment of the
Conversion Price if the total number of shares of Common Stock issued and
issuable upon conversion of this Note, after such action becomes effective and
giving effect to the satisfaction of any express conditions to such
effectiveness, would exceed the total number of shares of Common Stock then
authorized by the Company’s Certificate of Incorporation.

	 	(d)	 	The reference to fifteen (15) days in last sentence in Section 4(o) 
shall be reduced to five (5) days and as a result, Section 4(o) of each of the
Company Notes shall be amended to read its entirely as follows:

	 	(o)	 	To the extent permitted by applicable law and the listing
requirements of any stock exchange or trading market on which the Common Stock
is then listed, the Company from time to time may decrease the Conversion Price
by any amount for any period of time if the period is at least twenty (20)
days, the decrease is irrevocable during the period and the Board shall have
made a determination that such decrease would be in the best interests of the
Company, which determination shall be conclusive. Whenever the Conversion
Price is decreased pursuant to the preceding sentence, the Company shall
provide written notice thereof to the Holder at least five (5) days prior to
the date the decreased Conversion Price takes effect, and such notice shall
state the decreased Conversion Price and the period during which it will be in
effect.

	 	(e)	 	Section 4 of each of the Company Notes is amended by adding the
following new subsections (s), (t) and (u):

	 	(s)	 	Upon the conversion of Company Notes having an aggregate
Original Note Amount of $3,900,000 or more into Common Stock, Preferred Stock
or Common Stock Equivalents (other than new or replacement Company Notes)
pursuant to Section 4 of the Company Notes, all of the remaining
Company Notes will be automatically converted (the “Mandatory Conversion”) into
the number of shares of Common Stock determined in accordance with Section
4(a); provided, however, that Company Notes held by Galen or
Camden shall not be automatically converted in a Mandatory Conversion without
the consent of the Holder thereof.

	 	(t)	 	The Company shall give each Holder notice of the Mandatory
Conversion of the Company Notes pursuant to Section 4(s). Such notice
shall instruct such Holder to surrender any Company Note (or, in lieu thereof,
by delivery of an appropriate lost security affidavit and indemnity in form and
substance reasonably satisfactory to the Company in the event such Company Note
shall have been lost or destroyed) to the Company at its principal office (or
such other office or agency of the Company as the Company may designate by
notice in writing to the Holder) at any time on or after the date set forth in
such notice.

	 	(u)	 	Promptly after surrender of any Company Note (or, in lieu
thereof, by delivery of an appropriate lost security affidavit and indemnity in
form and substance reasonably satisfactory to the Company in the event such
Company Note shall have been lost or destroyed) in connection with Mandatory
Conversion, the Company shall issue and deliver, or cause to be issued and
delivered, to such Holder, registered in the name of such Holder or its
permitted transferees, a certificate or certificates for the number of whole
            shares of Common Stock issuable upon the Mandatory Conversion of such Company
Note. To the extent permitted by law, such Mandatory Conversion shall be
deemed to have been effected, and the Conversion Price shall be determined, as
of the close of business on the date on which Company Notes in the Original
Note Amount of $3,900,000 or more shall have been converted into Common Stock
or Common Stock Equivalents, or solely with respect to Company Notes held by
Galen or Camden, the date of the consent of the Holder thereof if later (in
either case, the “Effective Time”). At such Effective Time, the rights
of the Holder shall cease with respect to the Company Notes being converted and
the Security Documents (as defined in the Purchase Agreement), and the Person
or Persons in whose name or names any certificate or certificates for shares of
Common Stock shall be issuable upon such conversion shall be deemed to have
become the holder or holders of record of the shares represented thereby.
Until such Company Note is surrendered as contemplated by this Section
4, each Company Note shall be deemed at any time after the Effective Time
to represent only the right to receive upon such surrender the shares of Common
Stock issuable upon such conversion as contemplated hereunder. No interest
shall be paid or accrue after the Effective Time on any cash payable upon
surrender of any Company Note.

2. Ratifications. Except as specifically modified herein, all terms and conditions of the Company
Notes remain unmodified, remain in full force and effect, and are hereby ratified and reaffirmed by
the Company and the Majority Holders.

3. Parties. This Amendment binds and inures for the benefit of each of the parties hereto and
each of the Holders of the Company Notes, together with their respective successors and permitted
assigns.

4. Integration. The Company Notes, as amended by this Amendment, represents the final agreement
between the parties about the subject matter of the Company Notes and may not be contradicted by
evidence or prior, contemporaneous, or subsequent oral agreements of the parties. There are no
unwritten oral agreements between the parties.

[Remainder of Page Intentionally Left Blank]

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of
the date first written above.

The Company:

PET DRX CORPORATION

By:/s/ Harry L. Zimmerman

Name: Harry L. Zimmerman

Title: CFO

The Majority Holders:

GALEN PARTNERS IV, L.P.

By: Claudius IV, LLC, Its General Partner

By:/s/ Zubeen Shroff

Name: Zubeen Shroff

Title: Managing Member

GALEN PARTNERS INTERNATIONAL IV, L.P.

By: Claudius IV, LLC, Its General Partner

By:/s/ Zubeen Shroff

Name: Zubeen Shroff

Title: Managing Member

GALEN EMPLOYEE FUND IV, L.P.

By: Wesson Enterprises, Inc.

By:/s/ Bruce F. Wesson

Name: Bruce F. Wesson

Title: President

[Signatures Continued On Next Page]

1

[Signatures Continued From Previous Page]

CAMDEN PARTNERS STRATEGIC FUND III, L.P.

By: Camden Partners Strategic III, LLC

Its: General Partner

By: Camden Partners Strategic Manager, LLC

Its: Managing Member

By: /s/ Richard M. Johnston

Name: Richard M. Johnston

Title: Managing Member

CAMDEN PARTNERS STRATEGIC FUND III-A, L.P.

By: Camden Partners Strategic III, LLC

Its: General Partner

By: Camden Partners Strategic Manager, LLC

Its: Managing Member

By: /s/ Richard M. Johnston

Name: Richard M. Johnston

Title: Managing Member

2exhibit_10-31.htm

                                                                  Exhibit10.31.1

FIRST AMENDMENT TO THE

LETTER AGREEMENT FOR SERVICES

by and between

SHARECARE, INC.,

and

HSW INTERNATIONAL, INC.

This First Amendment (this "Amendment") is entered into and effective as of the 30th day of December, 2009, by and between Sharecare, Inc., a company incorporated under the laws of the State of Delaware and located at 3350 Peachtree Road, Suite 1500, Atlanta,
GA  30326 (“Sharecare”), and HSW International, Inc., a company incorporated under the laws of the State of Delaware and located at 3350 Peachtree Road, Suite 1600, Atlanta, GA  30326 (“HSWI”).

Recitals

Whereas, Sharecare and HSWI are parties to that certain Letter Agreement for Services, effective as of July 1, 2009 (the “Agreement”),
whereby HSWI agrees to perform certain services for Sharecare as more specifically described and subject to the terms and conditions set forth therein;

Whereas, the Term of the Agreement is to expire on December 31, 2009, unless earlier terminated solely as expressly permitted in the Agreement; and,

Whereas, Sharecare and HSWI wish to amend the Agreement to extend the Term.

Now, Therefore, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows:

1.           Defined Terms.  Capitalized terms used but not specifically defined in this Amendment shall have the meanings ascribed to them in the Agreement.

2.           Extension of Term.  The date of December 31, 2009 in Section 1 of the Agreement, referring to the expiration of the Term,
is amended and replaced with the date of June 30, 2010 such that the Term of the Agreement shall expire on June 30, 2010.  The Services performed by HSWI during the extended Term contemplated hereunder shall constitute "Services" under the Agreement for all purposes of the Agreement.

3.           Specifications.  The Services shall be performed in accordance with the Specifications, subject to Changes thereto initiated and approved by the parties as contemplated under the
Agreement.

4.           Budget.  The parties shall work in good faith and prepare a mutually agreed budget to cover Services performed during the extended Term contemplated in this Amendment (i.e., for
the period of the Term commencing on January 1, 2010 and extending through the remainder of the Term), such budget to be prepared in a manner consistent with preparation of the initial Budget set forth in Section 7 of the Agreement, as the same may have been modified by the parties in accordance with the terms of the Agreement (collectively, the "Modified Budget").  HSWI agrees to perform
the Services in accordance with the mutually agreed Modified Budget, subject to modification from time to time by written agreement of the parties in connection with mutually agreed Changes.

5.           Authority. Each party represents and warrants that it has full and complete authority to enter into this Amendment.

6.           Effect of Amendment. Except as expressly set forth in this Amendment, all provisions set forth in the Agreement shall continue to remain in full force and effect and shall not be affected
by this Amendment.  To the extent of any direct conflict between the terms of this Amendment and the terms of the Agreement, the applicable terms of this Amendment shall control.

7.           Further Assurances. The parties will execute and deliver such other instruments and documents, and take such other actions, as either party reasonably requests to evidence or effect the
transactions contemplated by this Amendment.

 

8.           Headings. The headings contained in this Amendment are for reference purposes only and will not affect in any way the meaning or interpretation of this Amendment.

 

 

9.           Counterparts. This Amendment may be executed in two or more counterparts (electronically – i.e., by scanned PDF -- or otherwise), each of which shall be deemed to be an original, but
all of which together shall constitute one instrument binding on the parties, notwithstanding that both parties are not signatories to the original or the same counterpart.

 

This First Amendment to the Agreement is signed below by the duly authorized representatives of the parties.

 

	
Sharecare

Sharecare, Inc.
	
HSWI

HSW International, Inc.

	  	  
	
By:  /s/ Colin Daniel

 
	
By: /s/ Bradley T. Zimmer

	
Name:  Colin Daniel

 
	
Name:  Bradley T. Zimmer

	
Title:  VP Finance

 
	
Title:  Executive Vice President & General Counsel

	
Date:  12/23/09
	
Date: December 30, 2009

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