Document:

fig_ex41

 

 

Exhibit 4.1

 

 

 

 

 

WARRANT
NO. __

 

 

 

WARRANT
TO PURCHASE

 

 

 

_             
shares of Common Stock at $8.00 per share

 

 

Dated
_____ ____

 

 

 

 

NEITHER THIS WARRANT NOR ANY SHARES OF COMMON
STOCK ISSUABLE UPON THE EXERCISE OF THIS WARRANT HAVE BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND THE
RULES AND REGULATIONS PROMULGATED THEREUNDER (THE “SECURITIES
ACT”).

 

Freedom
Internet Group Inc., a Puerto Rico corporation (the
“Company”),
hereby certifies that the holder named on the signature page below
and its successors and assigns (collectively, the
“Holder”), who
is contemporaneously purchasing shares of the Company’s
common stock pursuant to that certain subscription agreement on
even date herewith (the “Subscription Agreement”), and
entered into by and between the Company and the Holder, for value
received, is entitled to purchase from the Company at any time
prior to the Expiration Date (as defined in Section 2) (the
“Exercise
Period”), up to _shares of the
Company’s

common
stock, par value $0.01 per share (the “Common Stock”), at the exercise
price of $8.00 per share (the “Exercise Price”). Each certificate
evidencing the shares of Common Stock issued upon some or all of
this Warrant (“Warrant”) shall bear the
appropriate restrictive legend set forth below, except that any
such certificate shall not bear such restrictive legend if (i) it
is transferred pursuant to an effective registration statement
under the Securities Act of 1933, as amended, (the
“Securities
Act”) or in compliance with Rule 144 or Rule 144A
promulgated under the Securities Act, or (ii) the Company is
provided with an opinion of counsel to the effect that such legend
is not required in order to establish compliance with the
provisions of the Securities Act:

 

"THE
SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES
ACT"), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION.
THE SECURITIES MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE
TRANSFERRED EXCEPT (1) PURSUANT TO AN EXEMPTION FROM REGISTRATION
UNDER THE SECURITIES ACT OR (2) PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH CASE IN
ACCORDANCE WITH ALL APPLICABLE STATE SECURITIES LAWS AND THE
SECURITIES LAWS OF OTHER JURISDICTIONS, AND IN THE CASE OF A
TRANSACTION EXEMPT FROM REGISTRATION, UNLESS THE COMPANY HAS
RECEIVED AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO IT THAT
SUCH TRANSACTION DOES NOT REQUIRE REGISTRATION UNDER THE SECURITIES
ACT AND SUCH OTHER APPLICABLE LAWS."

 

1.

Exercise of
Warrants.

 

Upon
presentation and surrender at the principal executive office of the
Company of this Warrant during the Exercise Period, along with the
Election to Purchase form attached hereto as Exhibit A duly executed,
together with a check, wire or other means agreed to by the
Company, to the Company in the amount of the Exercise Price
multiplied by the number of shares of Common Stock being purchased,
the Company will cause its Transfer Agent to deliver to the holder
hereof, certificates of Common Stock which in the aggregate
represent the number of shares of Common Stock being purchased.
This Warrant may be partially exercised and, in the case of such
partial exercise, the Company, upon surrender hereof, will deliver
to the Holder a new Warrant representing the number of shares which
have not been exercised.

 

 

 

 

2.

Exercise Period.

 

(a) The right to
acquire shares of Common Stock of the Company pursuant to this
Warrant shall commence on the date hereof. The right to acquire
shares of Common Stock of the Company pursuant to this Warrant
shall expire on December 31, 2021 (the “Expiration Date”). After the
Expiration Date, the Holder shall have no right to purchase any
shares of Common Stock pursuant to this Warrant.

 

(b) The rights
represented by this Warrant may be exercised by the Holder, in
whole or in part (with respect to shares of Common Stock), subject
to the conditions contained herein and at any time within the
period specified in Section 2(a) by: (i) surrender of this Warrant
for calculation (with the Election to Purchase form at the end
hereof properly executed) at the principal executive office of the
Company (or at such other office or agency of the Company as it may
designate by notice in writing to the Holder at the address of the
Holder appearing on the books of the Company); (ii) payment to the
Company of the Exercise Price for the number of shares of Common
Stock specified in the Election to Purchase form, together with the
amount of applicable stock transfer taxes, if any; and/or (iii)
delivery to the Company of a duly executed agreement signed by the
person(s) designated in the Election to Purchase form to the effect
that such person(s) agree(s) to be bound by all of the terms and
conditions of this Warrant. This Warrant shall be deemed to have
been exercised, in whole or in part to the extent specified,
immediately prior to the close of business on the date on which all
of the applicable provisions of this Section 2(b) are reasonably
satisfied, and the person(s) designated in the Election to Purchase
form shall become the holder(s) of record of the shares of Common
Stock issuable upon such exercise at that time and
date.

 

3.

Rights and Obligations of Holders of
this Warrant: Anti-Dilution.

 

(a) The Holder of this
Warrant shall not, by virtue hereof, be entitled to any rights of a
stockholder in the Company, either at law or in equity; provided,
however, that in the event any certificate representing shares of
Common Stock or other securities is issued to the Holder hereof
upon exercise of some or all of this Warrant, such Holder shall,
for all purposes, be deemed to have become the holder of record of
such Common Stock on the date on which all of the applicable
provisions of Section 2(b) have been met, irrespective of the date
of delivery of such share certificate.

 

(b) In case the Company
shall (i) pay a dividend in its Common Stock or make a distribution
in its Common Stock, (ii) subdivide its outstanding Common Stock
into a greater number of shares, (iii) combine its outstanding
Common Stock into a smaller number of shares (including a
recapitalization in connection with any consolidation or merger),
then the Exercise Price on the record date of such division or the
effective date of such action shall be adjusted by multiplying such
Exercise Price by a fraction, the numerator of which is the number
of shares of Common Stock outstanding immediately before such event
and the denominator of which is the number of shares of Common
Stock outstanding immediately after such event and the number of
shares of Common Stock for which this Warrant may be exercised
immediately before such event shall be adjusted by multiplying such
number by a fraction, the numerator of which is the Exercise Price
immediately before such event and the denominator of which is the
Exercise Price immediately after such event.

 

(c) In the case of any
consolidation or merger of the Company with or into another
corporation (other than any consolidation or merger in which the
Company is the continuing corporation and which does not result in
any reclassification of the outstanding shares of Common Stock) or
the conversion of such outstanding shares of Common Stock into
shares or other stock or other securities or property, or the
liquidation, sale or transfer of the property of the Company as an
entity or substantially as an entirety and for other unusual
events, there shall be deliverable upon exercise of the Warrant (in
lieu of the number of shares of Common Stock theretofore
deliverable) the number of shares of stock or other securities or
property to which a holder of the number of shares of Common Stock
which would otherwise have been deliverable upon the exercise of
this Warrant would have been entitled upon such action if this
Warrant had been exercised immediately prior to such
action.

 

(d) Either the Company
or the Holder(s) may require that the Company assign the
obligations of the Company described in this Warrant to any
successor of the Company if the Company is not the surviving entity
of a merger or consolidation. The Company must give the Holder(s)
hereof five(5) business days’ notice of the terms of any such
consolidation or merger and the terms thereof.

 

4.

Covenants of the
Company.

 

(a) The Company
covenants and agrees that all shares of Common Stock issuable upon
exercise of this Warrant will, upon delivery, be duly and validly
authorized and issued, fully-paid and non-assessable.

 

(b) The Company
covenants and agrees that it will at all times prior to expiration
of this Warrant reserve and keep available an authorized number of
shares of its Common Stock and other applicable securities
sufficient to permit the exercise in full of all outstanding
convertible securities, options, warrants and rights, including
this Warrant.

 

 

 

 

5. Issuance of Certificates. As
soon as possible after any full or partial exercise of this
Warrant, but in any event no more than ten (10) business days, the
Company, at its expense, will cause to be issued in the name of and
delivered to the Holder of this Warrant, a certificate or
certificates for the number of fully paid and non- assessable
shares of Common Stock to which that Holder shall be entitled on
such exercise. No fractional shares will be issued on exercise of
this Warrant. If, on any exercise of this Warrant, a fractional
share results, the Company will pay the cash value of that
fractional share, calculated on the basis of the Exercise Price.
All such certificates shall bear a restrictive legend to the effect
that the shares of Common Stock represented by such certificate
have not been registered under the Securities Act, and the shares
of Common Stock may not be sold or transferred in the absence of
such registration or an exemption therefrom, such legend to be
substantially in the form of the bold face language appearing on
Page 1 of this Warrant.

 

6.

Successors and Assigns:
Transfer.

 

(a) This Warrant shall
be binding upon and shall inure to the benefit of the parties
hereto and their respective successors and assigns.

 

(b) This Warrant may be
transferred at any time by: (i) surrender of this Warrant for
cancellation with the Transfer form attached hereto as Exhibit B, properly executed at
the office or agency of the Company referred to in Section 1; and
(ii) delivery of an opinion of counsel stating that the proposed
transfer may be made without registration or qualification under
applicable Federal or state securities laws. Notwithstanding the
foregoing, this Warrant may only be transferred to members,
managers, officers, directors, employees, consultants or heirs of
the initial Holder hereof. This Warrant shall be deemed to have
been transferred, in whole or in part to the extent specified,
immediately prior to the close of business on the date the
provisions of this Section 6 are satisfied, and the transferee(s)
designated in the Transfer form shall become the holder(s) of
record at that time and date. The Company shall issue, in the
name(s) of the designated transferee(s) (including the Holder if
this Warrant has been transferred in part) a new Warrant or
Warrants of like tenor and representing, in the aggregate, rights
to purchase the same number of shares of Common Stock as are then
purchasable under this Warrant. Such new Warrant or Warrants shall
be delivered to the record holder(s) thereof within a reasonable
time, not exceeding ten (10) business days, after the rights
represented by this Warrant shall have been so transferred. As used
herein (unless the context otherwise requires), the term
“Holder” shall include each such transferee, and the
term “Warrant” shall include each such transferred
Warrant.

 

7. Disposition of Warrants or
Shares. The Holder of this Warrant, each transferee hereof
and any holder and transferee of any shares of Common Stock, by his
or its acceptance thereof, agrees that no public distribution of
Warrants or Common Stock will be made in violation of the
provisions of the Securities Act.

 

8. Notices. Except as otherwise
specified herein to the contrary, all notices, requests, demands
and other communications required or desired to be given hereunder
shall only be effective if given in writing by certified or
registered mail, return receipt requested, postage prepaid, or by
U.S. express mail service or national overnight courier service.
Any such notice shall be deemed to have been given (a) on the
business day immediately subsequent to mailing, if sent by a
reputable national overnight courier service, or (b) five (5)
business days following the mailing thereof, if mailed by certified
or registered mail, postage pre-paid, return receipt requested, and
all such notices shall be sent to the following addresses (or to
such other address or addresses as a part may have advised the
other in the manner provided in this Section 8):

 

	
If to the
Company: 

	
Freedom Internet
Group Inc.

	
 

	
c/o Ronald
Rosenfarb

	
 

	
4123 Isla Verde
Ave., Apt. 1505

	
 

	
Carolina, Puerto
Rico 00979

	
 

	
Tel.
(855)-422-4200.

 

	
If to the
Holder: 

	
At the
Holder’s address contained in the Holder’s
executed
Subscription Agreement.  

 

9. Governing Law. This Warrant and
all rights and obligations hereunder shall be deemed to be made
under and governed by the laws of New York applicable to agreements
made and to be performed entirely within such State, without
reference to such State's laws regarding the conflict of
laws.

 

10. Amendment or Waiver. Any
provision of this Warrant may be amended, waived or modified upon
the written consent of the Company and any Holder; provided,
however, that such amendment, waiver or modification applies by its
terms to that particular Holder, only; and provided further, that a
Holder may waive any of its rights or the Company's obligations to
such Holder without obtaining the consent of any other
Holder.

 

11. Headings. The headings of
various sections of this Warrant have been inserted for reference
only and shall not be a part of this Warrant.

 

12. Venue. Any litigation arising
hereunder shall be instituted only in Florida. All parties agree
that venue shall be proper in Florida for all such legal or
equitable proceedings.

 

13. Attorney Fees. The prevailing
party in any litigation, arbitration or mediation relating to this
Warrant shall be entitled to recover its reasonable
attorney’s fees from the other party for all matters,
including but not limited to appeals.

 

 

 

Signature Page Attached

	
 

 

Appendix
C to Private Placement Memorandum - Form of Investor
Warrant

 

 

 

IN WITNESS WHEREOF, the Company has
caused this Warrant to be duly executed, by its duly authorized
officers under its corporate seal and to be dated as of the date
set forth below.

 

 

Dated                                      

, 2020

 

 

 

	

FREEDOM
INTERNET GROUP INC.

	
 

 

By:
 

	

Name:
Alton “Ace” Chapman, Jr.

	

Title:
Chief Executive Officer

 

 

 

 

 

HOLDER

 

 

 

__ ______ _____ ___

 

__ ______ _____ ___

	
 

 

Appendix
C to Private Placement Memorandum - Form of Investor
Warrant

 

 

 

EXHIBIT A

 

 

 

ELECTION TO PURCHASE

 

To be
Executed by the Holder in Order to Exercise the
Warrant

 

 

 

The
undersigned Holder of the foregoing Warrant hereby irrevocably
elects to exercise the purchase rights represented by such Warrant,
and to purchase thereunder, to the extent of shares of Common
Stock, $0.01 par value (“Common Stock”).

 

 

Payment
be made in the form of lawful money of the United
States.

 

 

The
undersigned requests that the certificates for the shares of such
Common Stock be issued in the name(s) of, and delivered to, the
person(s) whose name(s) and address(es) are set forth
below:

 

 

 

(Please
type or print name and address)

 

 

 

(Social
Security or tax identification number)

  and delivered
to:

	
 

	
  (Please type or
print name and address)

                                                                                                                                            
           
      

 

 

and, if
such number of shares of Common Stock shall not be all the Common
Stock evidenced by this Warrant, that a new Warrant of like tenor
for the balance of the shares of Common Stock subject to the
Warrant be registered in the name of, and delivered to, the Holder
at the address stated below.

 

 

If the
undersigned is electing to purchase shares of Common Stock
hereunder for cash, then in full payment of the purchase price with
respect to the portion of the Warrant exercised and transfer taxes,
if any, the undersigned hereby tenders payment of $ , by check, money order
or wire transfer payable in United States currency to the order of
Freedom Internet Group Inc. or its successor.

 

	
Dated:
___________________________________________ 

	
___________________________________________ 

	
 

	
Name

	
 

	
 

	
 

	
___________________________________________ 

	
 

	
Address
   

	
 

	
 
     

	
 

	
___________________________________________
     
 

	
 

	
 
     

	
 

	
___________________________________________
     
 

 

 

Signatures
guaranteed by:

 

___________________________________________ 

 

	
 

 

Appendix
C to Private Placement Memorandum - Form of Investor
Warrant

 

 

 

EXHIBIT B

 

 

 

TRANSFER

 

 

 

To be
Executed by the Holder in Order to Transfer the Warrant (To be
signed only upon transfer of Warrant)

FOR
VALUE RECEIVED, the undersigned hereby sells, assigns, and
transfers unto  ______ _____ ____

the
right to purchase shares of the Common Stock, $0.01 par value per
share (“Common
Stock”), of Freedom Internet Group Inc.
(the “Company”) represented by the foregoing
Warrant to the extent of

 

__ ______ _____ shares of Common Stock
and appoints attorney to transfer such rights on the books of the
Company, with full power of substitution in the
premises.

 

 

	
Dated:
___________________________________________

	
___________________________________________ 

	
 

	
Name

	
 

	
 

	
 

	
___________________________________________ 

	
 

	
Address

 

 

 

 

 

 

 

 

 

 

Signatures
guaranteed by:

 

   
___________________________________________

 

 

 

 

Taxpayer
Identification Number:

 

   
___________________________________________

 

	
 

 

Appendix
C to Private Placement Memorandum - Form of Investor
WarrantExhibit 10.1

 

LOAN AND SECURITY MODIFICATION AGREEMENT

 

This Loan and Security
Modification Agreement (this “Amendment”) is entered into as of October 5, 2020, by and among (i) TABULA RASA
HEALTHCARE GROUP, INC., a Delaware corporation (“OpCo”), TABULA RASA HEALTHCARE, INC., a Delaware corporation (“Parent”),
CK SOLUTIONS, LLC, a Delaware limited liability company (“CK Solutions”; Parent, OpCo and CK Solutions are each referred
to herein as a “Borrower”, and collectively, as the “Borrowers”), (ii) the several banks and other
financial institutions or entities party hereto (each a “Lender” and, collectively, the “Lenders”), and
(iii) WESTERN ALLIANCE BANK, an Arizona corporation (“Bank”), as a Lender and as administrative agent and collateral
agent for the Lenders (in such capacities, the “Administrative Agent”).

 

1.            DESCRIPTION OF EXISTING INDEBTEDNESS. Among other indebtedness which may be owing by the Borrowers to Bank, the Borrowers
are indebted to Bank pursuant to, among other documents, an Amended and Restated Loan and Security Agreement, dated September 6,
2017 by and among the Borrowers, the Lenders and the Administrative Agent, as may be amended from time to time (the “Loan
and Security Agreement”). Capitalized terms used without definition herein shall have the meanings assigned to them in the
Loan and Security Agreement.

 

The Loan and Security Agreement and any
and all other documents executed by the Borrowers in favor of the Lenders and/or the Administrative Agent shall be hereinafter
referred to as the “Existing Documents.”

 

2.            DESCRIPTION OF CHANGE IN TERMS.

 

A.            Modification(s) to Loan and Security Agreement:

 

1)             The following
defined terms in Section 1.1 of the Loan and Security Agreement are hereby amended and restated in their entirety as follows:

 

“‘EBITDA’
means, for any period, the sum of (a) net income (or net loss) attributable to the Borrowers, but excluding net income (or
net loss) attributable to non-controlling interests (calculated before extraordinary items) during such period, plus (b) the
result of the following, in each case (unless otherwise indicated) to the extent included in determining such net income (or net
loss): (i) interest expense (including that portion attributable to capital leases in accordance with GAAP and capitalized
interest) during such period; plus (ii) income taxes accruing, paid or payable during such period; plus (iii) depreciation
and amortization expense; plus (iv) non-cash stock-compensation based expenses; plus (v) change in the fair value related
to Permitted Acquisition related consideration expenses; plus (vi) without duplication, EBITDA attributable to entities and/or
assets acquired pursuant to the Sinfonia Acquisition, the Peak PACE Acquisition, the Mediture Acquisition, the Cognify Acquisition,
the DoseMe Acquisition, the Prescribe Wellness Acquisition, and the Personica Acquisition for such period, to the extent not already
included in such calculation.”

 

“‘Permitted
Acquisition’ means (i) any Acquisition approved in writing by the Administrative Agent in its sole discretion (including
the Sinfonia Acquisition, the Peak PACE Acquisition, the Mediture Acquisition, the Cognify Acquisition, the DoseMe Acquisition,
the Prescribe Wellness Acquisition, and the Personica Acquisition), or (ii) any Acquisitions in an aggregate amount not to
exceed $15,000,000 in any fiscal year; provided, in each case, that (a) no default or Event of Default shall have occurred
and be continuing or would result from the consummation of the proposed Acquisition, (b) the Target is in the same, similar
or complimentary line of business as any of the Borrowers, (c) EBITDA of the Target is greater than $0 as of the date of the
most recent financial statements for the fiscal quarter ending immediately prior to the Acquisition delivered by the Target, (d) the
proposed Acquisition is consensual, (e) no Indebtedness will be incurred, assumed or would exist with respect to Parent and
its Subsidiaries (including the Target) as a result of such Acquisition, other than Permitted Indebtedness, and no Liens will be
incurred, assumed, or would exist with respect to the assets of Parent and its Subsidiaries (including the Target) as a result
of such Acquisition, other than Permitted Liens, (f) the Borrowers will be in compliance with the financial covenants in Section 6.10
on a pro forma basis, (g) the Administrative Agent shall have received (i) at least 30 days prior to the consummation
of the intended Acquisition, a description of the proposed Acquisition, (ii) at least 20 days prior to the consummation of
the intended Acquisition Agreement, pro forma consolidated projections with respect to the proposed Acquisition, historical financial
information for the Target, due diligence materials prepared for any Borrower, a quality of earnings report (if obtained) and drafts
of the acquisition agreement (together with all exhibits and schedules thereto and, to the extent required in the acquisition agreement,
all required regulatory and third party approvals) and (iii) on or prior to the date the Acquisition is consummated, a certificate
of a Responsible Officer of the Borrowers with reasonably detailed calculations of item (f) and attaching the executed acquisition
agreement, (h) the Target is not organized or domiciled in any jurisdiction outside of the United States and (i) all
actions required of the Target and the Borrowers by Section 6.12 shall be completed substantially concurrently with the consummation
of the Acquisition.”

 

     

     

    

 

“‘Permitted
Indebtedness’ means:

 

(a)       Indebtedness
of Borrowers in favor of the Lenders arising under this Agreement or any other Loan Document;

 

(b)       unsecured
Indebtedness owing to trade creditors in the ordinary course of business;

 

(c)       Indebtedness
existing on the Closing Date incurred solely for the purpose of financing the acquisition or leasing of equipment, along with any
extension, renewal or refinancing of such Indebtedness, provided that the principal amount of the indebtedness being extended,
renewed or refinanced does not increase.

 

(d)       other
Indebtedness existing on the Closing Date and disclosed in the Schedule;

 

(e)       Subordinated
Debt;

 

(f)        Indebtedness
arising after the Closing Date incurred solely for the purpose of financing the acquisition or leasing of equipment, including
without limitation, capital lease obligations, provided that the aggregate principal amount of Indebtedness permitted by this clause (f)
shall not exceed Three Million Dollars ($3,000,000) at any time outstanding;

 

(g)       for
a period ending no later than July 12, 2021, Indebtedness of PersonifilRx, LLC to McKesson Corporation incurred in the ordinary
course of business and pursuant to that certain contract between PersonifilRx, LLC and McKesson Corporation existing on the closing
date of the Personica Acquisition, provided that the aggregate amount of such Indebtedness permitted by this clause (g) shall
not exceed the seven (7) day average of amounts owed under such agreement with McKesson Corporation at any time outstanding;

 

(h)       unsecured
Indebtedness consisting of deferred purchase price consideration arising under the Personica Membership Interest Purchase Agreement,
provided that the aggregate principal amount of Indebtedness permitted by this clause (h) shall not exceed Seventeen Million
Dollars ($17,000,000) at any time outstanding; and

 

(i)       other
unsecured Indebtedness of Borrowers in an aggregate principal amount not to exceed Two Hundred Thousand Dollars ($200,000).”

 

“‘Permitted
Liens’ means the following:

 

(a)       Any
Liens existing on the Closing Date and disclosed in the Schedule or arising under this Agreement or the other Loan Documents;

 

(b)       Liens
for taxes, fees, assessments or other governmental charges or levies, either not delinquent or being contested in good faith by
appropriate proceedings, provided the same have no priority over any of Administrative Agent’s security interests;

 

(c)       Liens
securing the Indebtedness described in clause (c), clause (f), and clause (g) of the defined term “Permitted
Indebtedness” provided that the Lien under clause (c) and clause (f) is confined solely to the property so acquired or leased
and improvements thereon, and the proceeds of such equipment; and

 

(d)       Liens
incurred in connection with the extension, renewal or refinancing of the indebtedness secured by Liens of the type described in
clauses (a) through (c) above, provided that any extension, renewal or replacement Lien shall be limited to the property encumbered
by the existing Lien and the principal amount of the indebtedness being extended, renewed or refinanced does not increase.”

 

     

     

    

 

2)       The following
defined terms are hereby added to Section 1.1 of the Loan and Security Agreement in alphabetical order therein:

 

“Personica Acquisition”
means the Acquisition by OpCo of all of the issued and outstanding capital stock of Personica, LLC, a Delaware limited liability
company (“Personica”), pursuant to the Personica Membership Interest Purchase Agreement.

 

“Personica Membership
Interest Purchase Agreement” means that certain Membership Interest Purchase Agreement, dated as of October 5, 2020, by and
among OpCo, Parent, Personica Holdings, Inc., each stockholder of Personica Holdings, Inc. and Personica Holdings, Inc., solely
in his capacity as the Sellers’ Representative.

 

3)       Notwithstanding
the provisions of Section 6.12 of the Loan and Security Agreement, PA, and its subsidiaries, shall provide the Administrative Agent
with duly executed joinder to the Loan and Security Agreement and all other security documents required by Administrative Agent
in connection therewith as soon as reasonably practicable following Administrative Agent’s written request.

 

4)       Notwithstanding
the provisions of the Loan and Security Agreement, PersonifilRX, LLC shall (i) terminate its contract with McKesson
Corporation within five (5) days of the closing of the Personica Acquisition which termination shall be effective no later
than July 12, 2021, (ii) limit the amount owed to McKesson Corporation under such contract to a seven (7) day average, and
(iii) obtain releases of McKesson Corporation’s liens over the Collateral on or prior to November 2, 2020 (such, date,
the “Release Date”), with evidence that the UCC-1 filed by McKesson Corporation has been terminated within five
(5) days of the release of McKesson Corporation’s lien. Notwithstanding the provisions of the Loan and Security
Agreement, failure of Borrower to obtain the release of McKesson Corporation’s liens over the Collateral on or prior to
the Release Date shall result in an immediate Event of Default.

 

3.            CONSISTENT CHANGES. The Existing Documents are each hereby amended wherever necessary to reflect the changes described
above.

 

4.            NO DEFENSES OF THE BORROWERS/GENERAL RELEASE. Each Borrower agrees that, as of this date, it has no defenses against
the obligations to pay any amounts under the Existing Documents. Each Borrower (each, a “Releasing Party”) acknowledges
that the Lenders and the Administrative Agent would not enter into this Amendment without Releasing Party’s assurance that
it has no claims against the Lenders and the Administrative Agent or any of the Lenders’ and the Administrative Agent’s
officers, directors, employees or agents. Except for the obligations arising hereafter under this Amendment, each Releasing Party
releases the Lenders and the Administrative Agent, and each of the Lenders’ and the Administrative Agent’s officers,
directors and employees from any known or unknown claims that Releasing Party now has against any Lender and/or the Administrative
Agent of any nature, including any claims that Releasing Party, its successors, counsel, and advisors may in the future discover
they would have now had if they had known facts not now known to them, whether founded in contract, in tort or pursuant to any
other theory of liability, including but not limited to any claims arising out of or related to the Loan and Security Agreement
or the transactions contemplated thereby. Each Releasing Party waives the provisions of California Civil Code section 1542, which
states:

 

A GENERAL RELEASE DOES NOT EXTEND TO
CLAIMS THAT THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE
RELEASE AND THAT, IF KNOWN BY HIM OR HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR OR RELEASED PARTY.

 

     

     

    

 

The provisions, waivers and releases set
forth in this section are binding upon each Releasing Party and its shareholders, agents, employees, assigns and successors in
interest. The provisions, waivers and releases of this section shall inure to the benefit of the Lenders and the Administrative
Agent and their respective agents, employees, officers, directors, assigns and successors in interest. The provisions of this section
shall survive payment in full of the Obligations, full performance of all the terms of this Amendment and the Loan and Security
Agreement, and/or any Lender’s and/or the Administrative Agent’s actions to exercise any remedy available under the
Loan and Security Agreement or otherwise.

 

5.            CONTINUING VALIDITY. Each Borrower understands and agrees that in modifying the Existing Documents, the Lenders and
the Administrative Agent are relying upon such Borrower’s representations, warranties, and agreements, as set forth in the
Existing Documents. Each Borrower represents and warrants that the representations and warranties contained in the Loan and Security
Agreement are true and correct as of the date of this Amendment, and that no Event of Default has occurred and is continuing. Except
as expressly modified pursuant to this Amendment, the terms of the Existing Documents remain unchanged and in full force and effect.
The Lenders’ and the Administrative Agent’s agreement to modifications to the Existing Documents pursuant to this Amendment
in no way shall obligate any Lender and/or the Administrative Agent to make any future modifications to the Existing Documents.
Nothing in this Amendment shall constitute a satisfaction of the Obligations. It is the intention of the Lenders, the Administrative
Agent and the Borrowers to retain as liable parties all makers and endorsers of Existing Documents, unless the party is expressly
released by the Lenders and the Administrative Agent in writing. No maker, endorser, or guarantor will be released by virtue of
this Amendment. The terms of this paragraph apply not only to this Amendment, but also to any subsequent loan and security modification
agreements.

 

6.            CONDITIONS PRECEDENT. As a condition to the effectiveness of this Amendment, the Administrative Agent shall have
received, in form and substance satisfactory to the Administrative Agent, the following:

 

(a)       payment
of all the Administrative Agent Expenses incurred through the date of this Amendment; and

 

(b)      such
other documents, and completion of such other matters, as the Administrative Agent may reasonably deem necessary or appropriate.

 

7.            NOTICE OF FINAL AGREEMENT. BY SIGNING THIS DOCUMENT EACH PARTY REPRESENTS AND AGREES THAT: (A) THIS WRITTEN
AGREEMENT REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES, (B) THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES,
AND (C) THIS WRITTEN AGREEMENT MAY NOT BE CONTRADICTED BY EVIDENCE OF ANY PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS
OR UNDERSTANDINGS OF THE PARTIES.

 

8.            COUNTERSIGNATURE. This Amendment shall become effective only when executed by the Lenders, the Administrative Agent
and the Borrowers.

 

[Signature Page Follows]

 

     

     

    

 

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

 

	 	BORROWERS:
	 	 	 
	 	TABULA RASA HEALTHCARE, INC.
	 	 	 
	 	By:	/s/ Brian W. Adams
	 	Name:	Brian W. Adams
	 	Title:	Chief Financial Officer and Secretary
	 	 	 
	 	TABULA RASA HEALTHCARE GROUP, INC.
	 	 	 
	 	By:	/s/ Brian W. Adams
	 	Name:	Brian W. Adams
	 	Title:	Chief Financial Officer and Secretary
	 	 	 
	 	CK SOLUTIONS, LLC
	 	 	 
	 	By:	/s/ Brian W. Adams
	 	Name:	Brian W. Adams
	 	Title:	Chief Financial Officer and Secretary

 

     

     

    

 

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

 

	 	ADMINISTRATIVE AGENT:
	 	 	 
	 	WESTERN ALLIANCE BANK, an Arizona corporation
	 	 	 
	 	By:	/s/ Whitley Mayberry
	 	Name:	Whitley Mayberry
	 	Title:	Relationship Manager

 

     

     

    

 

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

 

	 	LENDERS:
	 	 	 
	 	WESTERN ALLIANCE BANK, an Arizona corporation
	 	 	 
	 	By:	/s/ Whitley Mayberry
	 	Name:	Whitley Mayberry
	 	Title:	Relationship Manager

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00314-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00314-of-00352.parquet"}]]