Document:

Exhibit 10.5

 

December 18, 2020

 

Deerfield Healthcare Technology Acquisitions
Corp.

780 Third Avenue, 37th Floor

New York, NY 10017

 

Re: Deerfield Healthcare Technology
Acquisitions Corp.

 

Gentlemen:

 

This consent and waiver letter (this “Consent
and Waiver Letter”) is being executed and delivered in connection with the proposed Business Combination Agreement, dated
as of the date hereof, by and among Deerfield Healthcare Technology Acquisitions Corp., a Delaware corporation (the “Company”),
CareMax Medical Group, LLC, IMC Medical Group Holdings, LLC, the other members of the CareMax Group named therein, IMC Holdings,
LLC and Deerfield Partners, L.P. (“Deerfield”) (in the form attached hereto as Exhibit A, without giving
effect to any material amendment, waiver or modification thereto, the “Business Combination Agreement”). Capitalized
terms used, but not otherwise defined herein, shall have the meanings given thereto under the Business Combination Agreement.

 

In consideration of the premises and the
mutual promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, and as a condition to the Company’s entry into the Business Combination Agreement, the parties hereto agree
as set forth below.

 

Deerfield Letter Agreement

 

Reference is made to that certain Letter
Agreement, dated as of July 16, 2020 by and between the Company and Deerfield (the “July 16 Letter Agreement”).
Pursuant to the terms of the July 16 Letter Agreement, the Company agreed to not consummate its initial Business Combination (as
defined in the July 16 Letter Agreement) without the consent of Deerfield.

 

Deerfield hereby consents, solely for purposes
of the July 16 Letter Agreement, to the consummation of the Business Combination and the transactions contemplated thereby, in
each case, as contemplated by the Business Combination Agreement.

 

Company Charter

 

Further reference is made to the
Second Amended and Restated Certificate of Incorporation of the Company, dated as of July 16, 2020 (the “Company
Charter”). Pursuant to Section 4.3(b)(ii) of the Company Charter, in the case that shares of Class A Common Stock
(as defined in the Company Charter) or equity-linked securities are issued or deemed issued in excess of the amounts sold in
the Company’s initial public offering of securities and related to or in connection with the closing of the initial
Business Combination (as defined in the Company Charter), all issued and outstanding shares of Class B Common Stock (as
defined in the Company Charter) shall automatically convert into shares of Class A Common Stock at the time of the closing of
the such initial Business Combination and the ratio for which the shares of Class B Common Stock shall convert into shares of
Class A Common Stock shall be adjusted as set forth therein.

 

     

     

    

 

Simultaneously with, and conditioned upon,
the consummation of the Business Combination contemplated by the Business Combination Agreement, pursuant to the terms thereof,
DFHTA Sponsor LLC (the “Sponsor), which represents that it is the holder of a majority of the Class B Common Stock
outstanding, hereby waives, in accordance with Section 4.3(b)(ii) of the Company Charter, to the fullest extent permitted by law
and the Company Charter, any adjustment of the conversion provisions in Section 4.3(b)(ii) of the Company Charter that would, as
a result of the consummation of the Business Combination or the transactions contemplated by the Business Combination Agreement,
including the issuance of the Closing Date Equity Consideration, the issuance, if at all, of IMC Adjustment Equity or CareMax Adjustment
Equity, the IMC Earnout Consideration, or CareMax Earnout Consideration, the PIPE Investment or the Deerfield PIPE, in each case,
cause the Class B Common Stock to convert to Class A Common Stock at a ratio of greater than one-for-one upon consummation of the
Business Combination contemplated by the Business Combination Agreement.

 

Miscellaneous

 

Except as expressly set forth in this Consent
and Waiver Letter, the terms of the July 16 Letter Agreement and the Company Charter remain in full force and effect, without modification
or waiver thereof.

 

This Consent and Waiver Letter and the
obligations of each party hereunder shall automatically terminate upon the termination of the Business Combination Agreement in
accordance with its terms.

 

This Consent and Waiver Letter may not
be changed, amended, modified or waived, except by a written instrument executed by all parties hereto.

 

This Consent and Waiver Letter may be executed
and delivered in one or more counterparts (including by facsimile, electronic mail, in .pdf or other electronic submission) and
by different parties in separate counterparts, with the same effect as if all parties hereto had signed the same document. All
counterparts so executed and delivered shall be construed together and shall constitute one and the same agreement.

 

This Consent and Waiver Letter shall be
binding on the parties hereto and each of their permitted successors and assigns.

 

This Consent and Waiver Letter shall
be governed by and construed and enforced in accordance with the laws of the State of Delaware, without giving effect to
conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. The parties
hereto (i) all agree that any action, proceeding, claim or dispute arising out of, or relating in any way to, this Consent
and Waiver Letter shall be brought and enforced in the Court of Chancery of the State of Delaware (or, solely if such courts
decline jurisdiction, in any federal court located in Wilmington, Delaware, or solely if such courts decline jurisdiction, in
any state courts located in Wilmington, Delaware), and irrevocably submits to such jurisdiction and venue, which jurisdiction
and venue shall be exclusive and (ii) waives any objection to such exclusive jurisdiction and venue or that such courts
represent an inconvenient forum.

 

[Signature Page follows]

 

     

     

    

 

In Witness whereof, the parties have caused this Consent and
Waiver Letter to be executed as of the date first written above.

 

	 	DEERFIELD PARTNERS, L.P.
	 	 
	 	By:  	 Deerfield Mgmt, L.P.
	 	 	General Partner
	 	 
	 	By:	J.E. Flynn Capital, LLC
	 	 	General Partner

 

	 	By:  	 /s/ David J. Clark
	 	 	Name: David J. Clark
	 	 	Title: Authorized Signatory

 

	 	DFHTA Sponsor LLC
	 	 
	 	By:  	/s/ Lawrence Atinsky
	 	 	Name: Lawrence Atinsky
	 	 	Title: Manager

 

Acknowledged and Agreed:

 

DEERFIELD HEALTHCARE TECHNOLOGY ACQUISITIONS CORP.

 

	DEERFIELD PARTNERS, L.P.	 
	 	 
	By:  	 /s/ Christopher Wolfe	 
	 	Name: Christopher Wolfe	 
	 	Title: Chief Financial Officer	 

 

     

     

    

 

Exhibit A

 

Business Combination Agreement20201218 8K Exhibit 101

		

			 

		

		

			 

		

		
			AMENDMENT NO. 4 TO 
		

		
			SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENT
		

		
			﻿
		

		
			THIS AMENDMENT NO. 4 TO SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENT (“Amendment”) is made as of the 18th day of December, 2020, by and between JUDITH A. HUNSICKER (“Executive”) and EMBASSY BANK FOR THE LEHIGH VALLEY, a Pennsylvania banking institution having its principal office in Bethlehem, Pennsylvania (the “Bank”).
		

		
			﻿
		

		
			WITNESSETH
		

		
			WHEREAS, the Bank and the Executive entered into a Supplemental Executive Retirement Plan Agreement dated December 23, 2015 (as the same may be amended from time to time, the “SERP”); and
		

		
			WHEREAS, the Bank and the Executive desire to amend the SERP to increase the amount of the benefit thereunder.  
		

		
			NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:
		

		
			1.Paragraph 1(b) of the SERP is hereby amended to provide that the Normal Retirement Supplemental Pension (as defined in the SERP) shall be $71,013.  
		

		
			﻿
		

		
			2.In all other respects, the SERP, as amended above, is hereby ratified and confirmed by the Bank and the Executive.  All other provisions of the SERP shall remain in full force and effect as amended hereby. 
		

		
			﻿
		

		
			IN WITNESS WHEREOF, the parties, each intending to be legally bound, have executed this Amendment as of the date, month and year first above written.
		

		
			﻿
		

			
					
						﻿

					
						 

					
						 

					
					
						 

					
					
						 

				
	
					
						ATTEST:

					
					
						 

					
					
						EMBASSY BANK FOR THE LEHIGH VALLEY

				
	
					
						﻿

					
					
						 

					
					
						 

				
	
					
						/s/ Shannon Emmert

					
					
						By:

					
					
						/s/ David M. Lobach, Jr.

				
	
					
						﻿

					
					
						 

					
					
						 

				
	
					
						WITNESS:

					
					
						 

					
					
						EXECUTIVE

				
	
					
						﻿

					
					
						 

					
					
						 

				
	
					
						/s/ Shannon Emmert

					
					
						 

					
					
						/s/ Judith A. Hunsicker

				

		
			﻿20201218 8K Exhibit 102

		

			 

		

		

			 

		

		
			AMENDMENT NO. 4 TO 
		

		
			SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENT
		

		
			﻿
		

		
			THIS AMENDMENT NO. 4 TO SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENT (“Amendment”) is made as of the 18th day of December, 2020, by and between JAMES R. BARTHOLOMEW (“Executive”) and EMBASSY BANK FOR THE LEHIGH VALLEY, a Pennsylvania banking institution having its principal office in Bethlehem, Pennsylvania (the “Bank”).
		

		
			﻿
		

		
			WITNESSETH
		

		
			WHEREAS, the Bank and the Executive entered into a Supplemental Executive Retirement Plan Agreement dated December 23, 2015 (as the same may be amended from time to time, the “SERP”); and
		

		
			WHEREAS, the Bank and the Executive desire to amend the SERP to increase the amount of the benefit thereunder.  
		

		
			NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:
		

		
			1.Paragraph 1(b) of the SERP is hereby amended to provide that the Normal Retirement Supplemental Pension (as defined in the SERP) shall be $43,198.  
		

		
			﻿
		

		
			2.In all other respects, the SERP, as amended above, is hereby ratified and confirmed by the Bank and the Executive.  All other provisions of the SERP shall remain in full force and effect as amended hereby. 
		

		
			﻿
		

		
			IN WITNESS WHEREOF, the parties, each intending to be legally bound, have executed this Amendment as of the date, month and year first above written.
		

		
			﻿
		

			
					
						﻿

					
						 

					
						 

					
					
						 

					
					
						 

				
	
					
						ATTEST:

					
					
						 

					
					
						EMBASSY BANK FOR THE LEHIGH VALLEY

				
	
					
						﻿

					
					
						 

					
					
						 

				
	
					
						/s/ Shannon Emmert

					
					
						By:

					
					
						/s/ David M. Lobach, Jr.

				
	
					
						﻿

					
					
						 

					
					
						 

				
	
					
						WITNESS:

					
					
						 

					
					
						EXECUTIVE

				
	
					
						﻿

					
					
						 

					
					
						 

				
	
					
						/s/ Shannon Emmert

					
					
						 

					
					
						/s/ James R. Bartholomew

				

		
			﻿

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