Document:

exv10w4

 

EXHIBIT 10.4

HYPERCOM CORPORATION

2851 West Kathleen Road

Phoenix, Arizona 85053

Phone: 602.504.5000

Fax: 602.504.4655

December 20, 2007

Mr. Philippe Tartavull

3550 Surfwood Road

Malibu, California 90265

                    Re: Employment with Hypercom Corporation

Dear Philippe:

     Upon execution by you and Hypercom, this Agreement will, except as expressly provided herein,
amend and restate in its entirety the letter agreement between you and Hypercom Corporation
(“Hypercom” or the “Company”) with respect to the terms of your employment with the Company, dated
January 16, 2007 (the “Original Agreement”), and will constitute your employment agreement (the
“Agreement”) with the Company. A copy of the Original Agreement is attached hereto as Exhibit
A.

	1.	 	Position with the Company. Hypercom is pleased to offer you the position of Chief
Executive Officer (CEO) of the Company, based at the Company’s headquarters in Phoenix,
Arizona. You may be called upon to serve in additional or other capacities from time-to-time
during your tenure with the Company. You will faithfully and diligently perform all lawful
duties commensurate with these positions, including those duties directed by the Board of
Directors of the Company (the “Board”). In addition, effective as of the date of this
Agreement, you shall be nominated to serve as a member of the Board and if elected, so long as
you remain an employee of the Company, you will continue to serve on the Board.
	 
	 	 	You will continue to work out of the Company’s headquarters Monday through Friday which shall
be your primary place of employment except when your work necessitates business travel. You
agree that if you are employed by the Company at the time your children graduate from high
school, you will promptly relocate your primary residence to a location within the greater
Phoenix metropolitan area with such relocation to occur within one (1) year of the graduation
of the youngest child.
	 
	2.	 	Term. Your employment by the Company in your role as CEO will be effective as of
12:01 a.m. on December 20, 2007 and will terminate on December 20, 2009 (the “Term”), unless
you and the Company agree to renew your employment relationship. Notwithstanding the above,
as of

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	 	 	December 20, 2008, you and the Company will review the employment relationship and at
that time the Company may, in its sole discretion, extend the Term of this Agreement until
December 20, 2010.

	3.	 	Compensation. You will receive the following compensation for your services pursuant
to this Agreement:

	 	(a)	 	You will receive a base salary of $450,000.00 per year, which may be adjusted
upward from time-to-time (the “Base Salary”) at the discretion of the Board or downward
in the event of a Company-wide downward compensation adjustment. The Base Salary will
be paid in equal installments in accordance with the Company’s salary payment policies
in effect from time-to-time, and such salary payments will be subject to the usual
withholding for income tax and other customary deductions.
	 
	 	(b)	 	Your target annual bonus compensation shall be one hundred percent (100%) of your
then-current Base Salary for each year during the term of this Agreement, if the Company
achieves the annual Performance Goals, as defined below, and as determined by the Board;
provided that you may be entitled to receive annual bonus compensation in an aggregate
amount up to one hundred and fifty percent (150%) of your then-current base salary for
each year during the term of this Agreement if the Board deems it consistent with the
achievement of the Performance Goals for such year. The Performance Goals, and the
percentage of bonus compensation tied to each, will be specifically defined by the Board
in its discretion, but will likely include some or all of the following: revenue
growth, gross margin, earnings per share, market share growth and development of the
organization (the “Performance Goals”). The determination as to whether the
Company has achieved the Performance Goals will be made by the Board in its discretion,
and the bonus will be paid to you within five (5) business days following such
determination, but in any event no later than the 15th day of the third month following
the applicable bonus year.
	 
	 	(c)	 	In accordance with Paragraph 3(c) of the Original Agreement, the Board granted to
you thirty-five thousand (35,000) shares of restricted common stock pursuant to the
Company’s Long-Term Incentive Plan and subject to the terms set forth in the Company’s
form of restricted stock agreement. Such shares will remain subject to Paragraph 3(c)
of the Original Agreement, the provisions of which are incorporated herein.
	 
	 	(d)	 	In accordance with Paragraph 3(d) of the Original Agreement, the Board granted to
you fifty thousand (50,000) shares of restricted common stock of the Company pursuant to
the Long-Term Incentive Plan (and the Company’s form of restricted stock agreement)
restricted by achievement of the Performance Goals established or to be established by
the Board for fiscal years 2007 and 2008. Such shares will remain subject to Paragraph 3(d) of the Original
Agreement, the provisions of which are incorporated herein.
	 
	 	(e)	 	In accordance with Paragraph 3(e) of the Original Agreement, the Board granted to
you an option to purchase one-hundred thousand (100,000) shares of common stock of the
Company pursuant to the Company’s Long-Term Incentive Plan (and the Company’s form of
option

					
	 
	 
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	 	 	 	agreement). Such option will remain subject to Paragraph 3(e) of the Original Agreement, the
provisions of which are incorporated herein.

	 	(f)	 	The Compensation Committee of the Board will grant to you, effective January 15,
2008, an option to purchase three-hundred thousand (300,000) shares of common stock of
the Company (the “Option”) pursuant to the Company’s Long-Term Incentive Plan
(and the Company’s form of option agreement) with a per share exercise price equal to
the fair market value of the per share price of the common stock on the effective date
of grant. The Option shall vest and be fully exercisable on the first anniversary of
the date of grant of the Option with respect to thirty-three and one-third percent
(33.33%) of the total number of shares subject to the Option. The remaining sixty-six
and two-thirds percent (66.67%) of the Option shall vest in equal monthly installments
over a period of twenty-four (24) months thereafter. The Option is intended to be
treated as an “incentive stock option” to the maximum extent permitted under the
Internal Revenue Code of 1986, as amended (the “Code”).
	 
	 	(g)	 	You will be eligible, but not entitled, to receive additional grants of stock
options and restricted capital stock of the Company in such quantities and subject to
such conditions as the Board may determine in its sole and absolute discretion.
	 
	 	(h)	 	The Company will provide you with housing reimbursement in connection with your
business travel to the Company’s headquarters in Phoenix in a reasonable amount to be
determined by the Board, provided, however, that such reimbursement will be in an amount
comparable to the cost of a standard room at the Sheraton Crescent Hotel located in
Phoenix, Arizona and shall only apply to housing costs incurred while residing in
Phoenix, Arizona on business.
	 
	 	(i)	 	For each week during the term of this Agreement, the Company will provide you
with a reasonable allowance for one round-trip airline ticket between Los Angeles,
California and Phoenix, Arizona (or comparable destinations), consistent with the terms
of the Company’s travel policies then in effect for executive officers. Upon
presentation of receipts, the Company also will reimburse you for all reasonable
expenses incurred by you in connection with your transportation to and from the airport
in Phoenix and to and from the airport in Los Angeles (consistent with the terms of the
Company’s travel policies then in effect for executive officers).
	 
	 	(j)	 	In the event that you determine to move to Phoenix, Arizona from your current
residence, the Company will provide you with a moving package as set forth in a separate
letter provided to you. If you resign for any reason, except as a result of a Change of
Control as defined in the Definitions section, attached hereto, within twelve (12)
months of the date of reimbursement for the move, you must reimburse the Company the
full amount of the moving package granted pursuant to this paragraph.
	 
	 	(k)	 	You may participate in any pension or profit sharing plan, stock purchase plan,
group benefit plan, medical plan, and/or other benefit plans, either currently in effect
or as may be established from time to time by the Board, for which you as an officer of
the Company are,

					
	 
	 
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	 	 	 	and remain, eligible to participate. (You acknowledge that you will not be entitled to
any benefits under any discretionary plan unless actually provided to you in accordance
with such plan.)
	 
	 	(l)	 	You covenant and agree that, as soon as practicable but in no event more than
three (3) years from the date of the Original Agreement, you will beneficially own, hold
and retain shares of common stock of the Company equal in value to your Base Salary for
such given year (the “Minimum Ownership”); provided, however, that this covenant
shall not be construed to require or encourage you to purchase shares of the Company’s
common stock on the open market for the sole purpose of achieving the Minimum Ownership,
as such purposes are governed by the Company’s insider trader policy. You also covenant
and agree that you will not sell or dispose of, or cause anyone else to sell or dispose
of, any common stock of the Company that you have received (i) as a result of this
Agreement or (ii) pursuant to any other Company compensation, until and unless you have
achieved (and will continue to maintain following such sale or disposition) the Minimum
Ownership.
	 
	 	(m)	 	You will be eligible for, but not entitled to, receive such other compensation as
may from time to time be granted to you by the Board in its sole and absolute
discretion, including additional bonuses approved by the Board or the Board’s
Compensation Committee.
	 
	 	(n)	 	You will be permitted to take vacations and sick leave, in accordance with the
Company’s policies and procedures as in effect for officers of the Company.
	 
	 	(o)	 	The Company will pay for or reimburse you for your annual fee for membership in
the Young Presidents’ Organization.

	4.	 	Benefits and Employment Matters. The Company offers a comprehensive array of
employee benefit programs. Currently, those programs include paid time off (“PTO”), medical,
dental and vision care, paid holidays, disability insurance, life insurance, travel accident
insurance, 401(k) Plan, Hypercom Employee Stock Purchase Plan, and tuition reimbursement.
Details of these programs will be provided to you. Eligibility for Company benefit programs
may vary by employee status, length of service, and by the specific benefit program. Hypercom
reserves the right to modify, suspend or terminate its benefit programs in its sole
discretion.

	5.	 	Business Expenses. The Company will pay or reimburse you for all ordinary and
necessary business expenses incurred or paid by you in furtherance of the Company’s business,
in accordance with the Company’s policies and procedures, including, without limitation, those
expenses referred to in subparagraphs (h), (i), (j) and (o) of Paragraph 3. Any reimbursement
of an expense you are entitled to receive pursuant to this Agreement will (a) be paid no later
than the last day of your tax year following the tax year in which you incurred the expense,
(b) not be affected by any other expenses that are eligible for reimbursement in any tax year
and (c) not be subject to liquidation or exchange for another benefit.

					
	 
	 
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	6.	 	Termination for Cause or by Voluntary Resignation.

	 	(a)	 	The Company may terminate you for Cause, as defined below. Upon any termination
for Cause, or in the event that you voluntarily resign from the Company, you will be
entitled to receive only that compensation due you through the date of termination or
resignation, as the case may be. Your right to exercise any vested options shall be in
accordance with the provisions of the Company’s applicable Long Term Incentive Plan and
option agreement.
	 
	 	(b)	 	For purposes of this Agreement, “Cause” means if the Board, in its
reasonable and good faith discretion, determines that you (i) have developed or pursued
interests substantially adverse to the Company, (ii) have materially breached any
employment or confidentiality agreement, (iii) have not devoted a majority of your
business time, effort and attention to the affairs of the Company (or such lesser amount
as has been agreed to in writing by the Company), (iv) are charged by any governmental
entity with any felony (excluding traffic violations) that is reasonably determined by
the Board to be true and to adversely reflect upon the Company’s standing in the
community, or (v) have engaged in gross misconduct or other material omissions that are
significantly detrimental to the well-being of the Company.

	7.	 	Death or Disability.

	 	(a)	 	Except as provided in this subsection 7(a), no salary or benefits shall be
payable under this Agreement following the date of your death. In the event of your
death, any Base Salary earned by you up to the date of your death, as well as any
unreimbursed expenses or Gross-up Payment, shall be paid to your estate or named
beneficiary within ninety (90) days following your death. In addition, the title to (i)
such restricted common stock granted pursuant to subsection 3(c) hereof, and (ii) any
other restricted common stock not governed by a conflicting agreement or performance
requirements (including the restricted stock granted pursuant to subsection 3(d)
hereof), the vesting of which is contingent upon continued employment with the Company,
shall immediately pass to your estate or named beneficiary.
	 
	 	(b)	 	If during the term of your employment, you become so disabled or incapacitated by
reason of any physical or mental illness or any substance or chemical dependency which
renders you unable to perform the services required of you pursuant to your employment
for a continuous period of three (3) months, then, at the option of the Board, your
employment will terminate at the end of such three (3) month period, provided that (i)
the Board exercises reasonable efforts to accommodate such disability in accordance with
the American with Disabilities Act, and (ii) during such period of disability,
incapacity or incapacity, you will be paid your Base Salary and expenses otherwise
payable to you.
	 
	 	(c)	 	In the event of your death, for a period of twelve (12) months from the date of
death the Company will pay for COBRA benefits (or the equivalent) for your surviving
spouse and dependents covered by the Company’s group health plan at the time of your
death. In the event of your termination on account of disability, for a period of
twelve (12) months from the date of termination the Company will pay for COBRA benefits
or the equivalent for you,

					
	 
	 
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	 	 	 	your spouse, and your dependents covered by the Company’s group health plan at the time
of termination.

	8.	 	Termination by Reason of Company Non-Renewal of the Term. In the event that the
Company does not offer to renew or extend the initial Term as provided in Paragraph 2 on or
before its expiration and, as a result, your employment with the Company terminates upon the
expiration of the initial Term, then, in addition to the compensation due you through the date
of your termination of employment, you will be entitled to immediate vesting of all your
options to purchase common stock of the Company, the exercise price of which is less than the
then fair market value of such common stock upon the date of termination, and such options
shall remain exercisable until their original expiration date, provided that the release
contemplated by Paragraph 19 below becomes effective in accordance with its terms on or before
the thirtieth (30th) day following the date of your termination of employment.

	9.	 	Termination by the Company Other than for Cause or by You for Good Reason. In the
event that you are involuntarily terminated by the Company without Cause (other than as a
result of your death or disability or the Company’s non-renewal of the Term, as described in
Paragraph 8) or you terminate your employment for Good Reason, and provided that the release
contemplated by Paragraph 19 below becomes effective in accordance with its terms on or before
the thirtieth (30th) day following the date of your termination of employment, you be will be
entitled to:

	 	(a)	 	an amount equal to the greater of (A) one (1) year of Base Salary at the rate
then in effect or (B) the aggregate amount of Base Salary at the rate then in effect
that would be paid for the period from the date of your termination of employment to the
end of the Term had you remained employed throughout such period, which amount will be
paid in a lump sum on the thirtieth (30th) day following that date of your termination
of employment; and
	 
	 	(b)	 	immediate vesting of all of your shares of restricted stock and all of your
options to purchase common stock of the Company, the exercise price of which is less
than the then fair market value of such common stock upon the date of termination, and
such options shall remain exercisable until the expiration date of their original terms;
and
	 
	 	(c)	 	payment by the Company for a period of twelve (12) months from the date of your
termination of employment for the COBRA benefits available to you, your spouse and your
dependents covered by the Company’s group health plan at the time of your termination of
employment.

	 	 	Notwithstanding the foregoing, this Paragraph 9 shall not apply to a termination of your
employment to which Paragraph 10 applies.
	 
	10.	 	Termination for Other than Cause or by You for Good Reason Following Change of
Control. If, within a period of twelve (12) months following a Change of Control, as
defined in the Definition section, attached hereto, you are involuntarily terminated by the
Company without Cause (other than as a result of your death or disability or the Company’s
non-renewal of the Term, as described in Paragraph 8) or you terminate your employment for
Good Reason, and provided that the release

					
	 
	 
	 
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	 	 	contemplated by Paragraph 19 below becomes effective in accordance with its terms on or
before the thirtieth (30th) day following the date of your termination of employment, you
will be entitled to:

	 	(a)	 	an amount equal to the greater of (i) eighteen (18) months of Base Salary at the
rate then in effect or (ii) the aggregate amount of Base Salary at the rate then in
effect that would be paid for the period from the date of your termination of employment
to the end of the Term had you remained employed throughout such period, which amount
will be paid in a lump sum on the thirtieth (30th) day following the date of your
termination of employment; and
	 
	 	(b)	 	immediate vesting of all of your shares of restricted stock and all of your
options to purchase common stock of the Company (or its successor), the exercise price
of which is less than the then fair market value of such common stock upon the date of
termination, and such options shall remain exercisable until the expiration date of
their original terms; and
	 
	 	(c)	 	payment by the Company for a period of eighteen (18) months from the date of your
termination of employment for the COBRA benefits available to you, your spouse and your
dependents covered by the Company’s group health plan at the time of your termination of
employment; and
	 
	 	(d)	 	reimbursement by the Company of your reasonable moving expenses to relocate your
residence from Phoenix, Arizona to Malibu, California, provided that you have previously
relocated your residence from Malibu, California to Phoenix, Arizona, and, within a
period of six (6) months following your termination of employment covered by this
Paragraph 10, you relocate your residence from Phoenix, Arizona to Malibu, California
but such relocation is not at the expense of a new employer.

	11.	 	Post-Employment Obligations. Your continuing employment is subject to the Hypercom
Confidentiality, Non-Solicitation, & Non-Compete Agreement which you have previously executed
and delivered to the Company, a copy of which is attached hereto as Exhibit B.

	12.	 	Representations. You acknowledge that this offer of employment is based on, and the
Company is relying upon, your representation that: (i) you are not prohibited from contacting
the Company or entering into any employment arrangement with the Company; (ii) you rightfully
possess any and all information that has been discussed or may be discussed with the Company
in the future; (iii) no other person or entity has any interest in such information, arising
out of any current or previous employment relationship or otherwise; and (iv) you have the
lawful right to disclose such information to the Company, that such disclosure or any
employment arrangement with the Company, will not violate the terms of any employment,
non-compete, non-solicitation, confidentiality or non-disclosure agreement, or any other
similar agreement, contract, law, code, regulation, or other rights, obligations or
prohibitions applicable to such information, and that such information could not be considered
in any way a trade secret in any jurisdiction.

	13.	 	Personal Rights and Obligations. This Agreement and all rights and obligations
hereunder are personal and will not be assignable by either you or the Company except as
provided in this Paragraph 13, and any purported assignment in violation thereof will be null
and void. Subject to

					
	 
	 
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	 	 	the provisions of Paragraph 10, any person, firm or corporation succeeding to the business of
the Company by merger, consolidation, purchase of assets or otherwise will assume by contract
or operation of law the obligations of the Company hereunder and in such a case you will
continue to honor the terms of this Agreement with such business substituted for the Company
as the employer.

	14.	 	Board Service. You agree to not participate as a member of the board of directors of
any company other than Hypercom for the first twelve (12) months of your employment by the
Company. Thereafter, your service as a member of any board of directors other than that of
the Company will require the prior written consent of a majority of the members of the Board
of the Company. The Board shall not unreasonably withhold its consent.

	15.	 	Notices. Any notice, election or communication to be given hereunder will be in
writing and delivered in person or deposited, certified or registered, in the United States
mail, postage prepaid, addressed as follows:

       If to the Company:

       Hypercom Corporation

       2851 West Kathleen Road

       Phoenix, Arizona 85053

       Attn: General Counsel

       If to you:

       Philippe Tartavull

       3550 Surfwood Road

       Malibu, California 90265

		 	or to such other addresses as the Company or you may from time to time designate by notice
hereunder. Notices will be effective upon delivery in person or upon receipt of any
facsimile or e-mail, or at midnight on the fourth business day after the date of mailing, if
mailed.
	 
	16.	 	Entire Agreement. Except for the provisions of the Original Agreement attached
hereto as Exhibit A and expressly incorporated into this Agreement, the Hypercom
Employee Confidentiality, Non-Solicitation & Non-Compete Agreement attached hereto as
Exhibit B, the Company’s Long-Term Incentive Plan or any other incentive plan and
related forms equity award agreement governing equity incentive awards subject to this
Agreement, and the Company’s policies and procedures to which you are subject, this Agreement
constitutes and embodies the full and complete understanding and agreement of the Company and
you with respect to your employment by the Company and supersedes all prior understandings or
agreements whether oral or in writing. This Agreement may be amended only by a writing signed
by you and the Company. This Agreement may be executed in any number of counterparts, each of
which will be considered a duplicate original.
	 
	17.	 	Arbitration. Any controversy relating to this Agreement or relating to the breach
hereof will be settled by arbitration conducted in Phoenix, Arizona in accordance with the
Commercial Arbitration

					
	 
	 
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	 	 	Rules of the American Arbitration Association then in effect. The award rendered by the
arbitrator(s) will be final and judgment upon the award rendered by the arbitrator(s) may be
entered upon it in any court having jurisdiction thereof. The arbitrator(s) will possess the
powers to issue mandatory orders and restraining orders in connection with such arbitration.
The expenses of the arbitration will be borne by the losing party unless otherwise allocated
by the arbitrator(s). This agreement to arbitrate will be specifically enforceable under the
prevailing arbitration law. During the continuance of any arbitration proceedings, the
parties will continue to perform their respective obligations under this Agreement. Nothing
in this Agreement will preclude the Company or any affiliate or successor from seeking
equitable relief, including injunction or specific performance, in any court having
jurisdiction, in connection with any obligations of confidentiality.
	 
	18.	 	Governing Law. This Agreement will be governed by and interpreted in accordance with
the laws of the State of Arizona.
	 
	19.	 	Withholding and Release. You hereby acknowledge that you have carefully reviewed the
provisions of this Agreement and agree that the provisions are fair and equitable, and that
they are necessary and reasonable in order to protect the Company and its affiliates in the
conduct of their business. You acknowledge and agree that payments made to you hereunder may
be subject to withholding. You further acknowledge and agree that payment of any compensation
to be provided to you following any termination of your employment is subject to your
compliance with any reasonable and lawful policies or procedures of the Company relating to
employee severances, including the execution and delivery by you of a release reasonably
satisfactory to the Company of any and all claims that you may have against the Company or
related persons, except for (i) any continuing obligations required by law or provided herein,
and (ii) for any continuing obligations of indemnification due you as an officer (or a former
officer).
	 
	20.	 	Code Section 409A.

	 	(a)	 	Notwithstanding anything set forth in this Agreement to the contrary, no amount
payable pursuant to this Agreement on account of your termination of employment with the
Company which constitutes a “deferral of compensation” within the meaning of the
Treasury Regulations issued pursuant to Section 409A of the Code (the “Section 409A
Regulations”) shall be paid unless and until you have incurred a “separation from
service” within the meaning of the Section 409A Regulations. Furthermore, to the extent
that you are a “specified employee” within the meaning of the Section 409A Regulations
as of the date of your separation from service, no amount that constitutes a deferral of
compensation which is payable on account of your separation from service will be paid to
you before the date (the “Delayed Payment Date”) which is first day of the seventh month
after the date of your separation from service or, if earlier, the date of your death
following such separation from service. All such amounts that would, but for this
paragraph, become payable prior to the Delayed Payment Date will be accumulated and paid
on the Delayed Payment Date.
	 
	 	(b)	 	The Company intends that income provided to you pursuant to this Agreement will
not be subject to taxation under Section 409A of the Code. The provisions of this
Agreement will

					
	 
	 
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	 	 	 	be interpreted and construed in favor of satisfying any applicable requirements of
Section 409A of the Code. However, the Company does not guarantee any particular tax
effect for income provided to you pursuant to this Agreement. In any event, except
for the Company’s responsibility to withhold applicable income and employment taxes
from compensation paid or provided to you, the Company will not be responsible for the
payment of any applicable taxes on compensation paid or provided to you pursuant to
this Agreement.

We look forward to continuing to work with you to fully enable your and our shareholders’ mutual
success.

	 	 	 	 	 
	Sincerely,

 	 	 
	/s/ Daniel D. Diethelm
 	 	 

	 	 	 	 	 
	Accepted by:

 	 	 
	/s/ Philippe Tartavull
 	 	 
	Philippe Tartavull 	 	 

	 	 	 	 	 
	December 20, 2007

Date of Acceptance 

 	 	 
	 	 	 
	 	 	 
	 	 	 
	 

					
	 
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    Exhibit
      10.1

     

    EXECUTION
      COPY

    NINTH
      AMENDMENT TO CREDIT AGREEMENT

     

    THIS NINTH
      AMENDMENT TO CREDIT AGREEMENT (this "Amendment"), dated December
      14, 2007, is made and entered into on the terms and conditions hereinafter
      set
      forth, by and among I-TRAX, INC., a Delaware corporation (the
      "Borrower"), the Subsidiaries of the Borrower who are parties to the
      Credit Agreement (as hereinafter defined) as guarantors (the
      "Guarantors"), the several lenders who are parties to the Credit
      Agreement as lenders (the "Lenders"), and BANK OF AMERICA, N.A., a
      national banking association ("Bank of America"), as administrative agent
      for the Lenders and the Issuing Bank (in such capacity, the "Administrative
      Agent") and as Issuing Bank.

    

    

    RECITALS:

    

    1.           Pursuant
      to a Credit Agreement dated as of March 19, 2004, among the Borrower, the
      Guarantors, the Lenders and Bank of America, as Administrative Agent and as
      Issuing Bank, as heretofore amended by a First Amendment to Credit Agreement
      dated June 1, 2004, a Second Amendment to Credit Agreement dated
      July 1, 2004, a Third Amendment to Credit Agreement dated August 12,
      2004, a Fourth Amendment to Credit Agreement dated October 27, 2004, a
      Fifth Amendment to Credit Agreement dated March 31, 2005, a Sixth Amendment
      to Credit Agreement dated June 29, 2005, a Seventh Amendment to Credit
      Agreement dated May 4, 2006 and an Eighth Amendment to Credit Agreement
      dated June 29, 2007, among the Borrower, the Guarantors, the Lenders and Bank
      of
      America, as Administrative Agent and as Issuing Bank (as the same heretofore
      has
      been or hereafter may be further amended, restated, supplemented, extended,
      renewed, replaced or otherwise modified from time to time, the "Credit
      Agreement"), the Lenders agreed to make Loans to the Borrower and to
      purchase participations in Letters of Credit issued for the account of the
      Borrower, and the Issuing Bank agreed to issue such Letters of Credit, all
      as
      more specifically described in the Credit Agreement.

    

    2.           The
      parties hereto desire to amend the Credit Agreement in certain respects as
      more
      particularly hereinafter set forth.

    

    

    AGREEMENTS:

    

    NOW,
      THEREFORE, in
      consideration of the mutual covenants and agreements hereinafter set forth,
      and
      for other good and valuable consideration, the receipt and sufficiency of all
      of
      which are hereby acknowledged, the parties hereto agree as follows:

    

    1.  Amendment
      of Section 1.1.  Section 1.1 of the
      Credit Agreement is hereby amended by inserting the following new definitions
      in
      the appropriate locations according to alphabetical order, or by amending and
      restating existing definitions to read as indicated, as applicable:

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    

    "Fixed
      Charge Coverage Ratio"  shall mean, for the Borrower and its
      Subsidiaries on a consolidated basis, calculated as of any date of determination
      for the Last Four Fiscal Quarters, the ratio of (a) EBITDAR, less
      the Maintenance Capital Expenditure Adjustment, less income, value-added
      and similar tax expenses paid in cash, to (b) the sum of the portion of
      Interest Expense that was paid in cash or its equivalent during such period,
      plus current maturities of term Indebtedness (other than the Indebtedness
      evidenced by the Term Note which was paid during such period in 2008),
plus beginning April 1, 2008 and on the first day of each succeeding
      July, October, January and April thereafter, an amount equal to $312,500,
      representing the reduction in the Swingline Commitment as required pursuant
      to
Seciton 2.4.1.(a) until the Swingline Commitment is reduced to $0.00,
plus Rent Expense; provided, however, that adjustments to
      noncash stock-based compensation expense required by GAAP in connection with
      changes in the Borrower's stock price shall be disregarded for purposes of
      calculating this ratio.

    

    "Ninth
      Amendment Coverage Ratio" shall mean the Ninth Amendment to Credit Agreement
      dated December __, 2007, among the Borrower, the Guarantors, the Lenders and
      Bank of America, as Administrative Agent and as Issuing Bank.

    

    "Pro
      Forma Effect" shall mean, in making any calculation of the Funded
      Indebtedness to EBITDA Ratio for purposes of Section 2.15 or any
      calculation hereunder necessary to determine whether the Borrower is in
      compliance with Section 10.1.4 or whether a Default would result
      from any Asset Acquisition, (1) any Disposition of any asset(s) of the
      Borrower or any of the other Credit Parties made during the twelve (12) month
      period ending on and including the date of determination, other than a
      Disposition permitted by subsections 9.3(a), (b) or
(d), and any corresponding repayment or incurrence of
      Indebtedness, shall
      be assumed to have occurred on the first day of such period, (2) any Asset
      Acquisition made during the twelve (12) month period ending on and including
      the
      date of determination, and any corresponding repayment or incurrence of
      Indebtedness, shall be assumed to have occurred on the first day of such period,
      and (3) any deduction from Consolidated Net Income for the non-recurring
      compensation expense for a former employee paid in connection with the
      ProFitness Acquisition during the period of determination (which is in an
      aggregate amount that shall not exceed $50,000) be added back to EBITDA;
provided that the Administrative Agent has been furnished with annual
      audited financial statements or interim financial statements regarding such
      Asset Acquisition that are in sufficient detail to provide a basis for
      determining the Pro Forma Effect thereof and that otherwise are in form and
      substance and prepared by Persons satisfactory to the Administrative
      Agent.

    

    "ProFitness"
      shall mean Pro Fitness Health Solutions, LLC,  a New York limited
      liability company.

    

    "ProFitness
      Acquisition" shall mean the acquisition by Borrower of 100% of the
      membership interests in ProFitness pursuant to the ProFitness Acquisition
      Agreement.

    

    
      
         

      

      
        -
          2 -

        
          

        

      

      
         

      

    

    "ProFitness
      Acquisition Agreement" shall mean that certain Member Interest Purchase
      Agreement dated November 27, 2007, by and among Borrower, ProFitness and Minute
      Men, Incorporated.

    

    "Term
      Loan Commitments" shall mean, at any time, the commitment of all the
      Lenders, collectively, to make Term Loans to the Borrower pursuant to the
      provisions of Section 2.2, and the "Term Loan Commitment" of
      any Lender at any time shall mean an amount equal to such Lender's Percentage
      multiplied by the then effective aggregate Term Loan Commitments.  The
      Term Loan Commitments are in the aggregate amount set forth in
Section 2.1.

    

    "Term
      Loan Facility" shall mean the term loan facility provided by the Lenders
      pursuant to the Term Loan Commitments as more particularly set forth in
Section 2.2.

    

    "Term
      Loan Maturity Date" shall mean September 30, 2008.

    

    "Term
      Loans" shall mean the loans made to the Borrower by the Lenders pursuant to
      the provisions of Section 2.2.

    

    "Term
      Notes" shall mean the promissory notes, substantially in the form of
Exhibit 2.10A, executed by the Borrower in favor of the Lenders,
      evidencing the indebtedness of the Borrower to the Lenders in connection with
      the Term Loans.

    

    2.  Amendment
      of Section 2.1.1.  Section 2.1.1 of
      the Credit Agreement is hereby amended to read as follows:

    

    2.1.1               Amounts
      of Commitments.  Subject to reduction as provided
      herein:

    

    (a)  The
      aggregate amount of the Commitments shall be $20,000,000.

    

    (b)  The
      aggregate amount of the Term Loan Commitments shall be $3,000,000.

    

    (c)  The
      aggregate amount of the Revolving Credit Commitments at any time shall be
      $17,000,000 less the aggregate amount of Letter of Credit Liabilities
      outstanding at such time.

    

    (d)  The
      aggregate amount of the Letter of Credit Commitments at any time shall be an
      amount equal to the lesser of: (1) the aggregate amount of the Revolving
      Credit Commitments in effect at such time less the aggregate amount of
      Revolving Loans outstanding at such time, and (2) $3,000,000.

    

    3.  Amendment
      of Section 2.2.1.  Section 2.2.1 of the Credit Agreement
      is hereby amended to read as follows:

    

    
      
         

      

      
        -
          3 -

        
          

        

      

      
         

      

    

    2.2.1            Commitment
      to Make Term Loans.  Subject to all of the terms and conditions of
      Section 6.2 of this Agreement (including the conditions set forth in the Ninth
      Amendment) and in reliance upon the representations and warranties of the
      Borrower set forth herein and in the Ninth Amendment, each Lender holding a
      Term
      Loan Commitment hereby severally agrees to make a Term Loan to the Borrower
      in
      the amount of its respective Term Loan Commitment, for the purposes identified
      in Section 2.12.  The Term Loans shall be funded in a single
      Borrowing on the same Funding Date.  Each Lender's Term Loan
      Commitment shall expire upon the earlier of the funding of the Term Loans or
      December 31, 2007, and the Term Loans shall be paid in full no later than the
      Term Loan Maturity Date.

    

    4.  Amendment
      of Section 2.12. Section 2.12(a) of the Credit
      Agreement is hereby amended by substituting the phrase "ProFitness Acquisition"
      with the word "Merger".

    

    5.  Amendment
      of Section 2.15.  Section 2.15 of
      the Credit Agreement is hereby amended to read as follows:

    

    2.15           Interest
      and Fees Margins.  For purposes of interest and fee computations
      hereunder involving the Applicable Base Rate Margin, the Applicable Eurodollar
      Rate Margin, the Applicable Letter of Credit Fee Percentage and the Applicable
      Commitment Fee Percentage, such margins and percentages shall be determined
      as
      follows:

    

    
      	
              Tier

            	 	
              Applicable

              Eurodollar
                Rate

              Margin

            	 	
              Applicable

              Base
                Rate

              Margin

            	 	
              Applicable

              Letter
                of

              Credit
                Fee

              Percentage

            	 	
              Applicable

              Commitment

              Fee

              Percentage

            
	 	 	 	 	 	 	 	 	 
	
              1

            	 	
              1.250%

            	 	
              0.000%

            	 	
              1.250%

            	 	
              0.300%

            
	
              2

            	 	
              1.625%

            	 	
              0.000%

            	 	
              1.625%

            	 	
              0.300%

            
	
              3

            	 	
              2.000%

            	 	
              0.250%

            	 	
              2.000%

            	 	
              0.375%

            
	
              4

            	 	
              2.500%

            	 	
              0.500%

            	 	
              2.500%

            	 	
              0.500%

            

    

    

    Except
      as
      expressly hereinafter provided, the applicable tier at any time shall be
      determined with reference to the Borrower's Funded Indebtedness to EBITDA Ratio,
      as follows:

    

      
        	
                Tier

              	
                Funded
                  Indebtedness to EBITDA Ratio

              
	 	 
	
                  1

              	
                Less
                  than 1.50 to 1.00

              
	
                  2

              	
                Greater
                  than or equal to 1.50 to 1.00 but less than 2.25 to
                  1.00

              
	
                  3

              	
                Greater
                  than to or equal to 2.25 to 1.00 but less than 2.50 to
                  1.00

              
	
                  4

              	
                Equal
                  to or greater than 2.50 to
                  1.00

              

      

    

    

    
      
         

      

      
        -
          4 -

        
          

        

      

      
         

      

    

    From
      the date hereof to but not
      including the first Pricing Tier Determination Date occurring after the date
      of
      the Ninth Amendment, Tier 4 shall be applicable.  Any adjustment in
      the margins set forth above shall take effect on the first Pricing Tier
      Determination Date following the Fiscal Quarter as of the end of which such
      ratio was calculated; provided, however, that following any failure of
      the Borrower to deliver to the Administrative Agent any of the financial
      statements, financial reports, certificates or other financial information
      required by Section 8.1.1 or Section 8.1.2 in a timely
      manner and until such failure is cured or corrected, and without limitation
      of
      or prejudice to any other right or remedy of the Administrative Agent, the
      Lenders or the Issuing Bank in respect of such failure, Tier 4 shall be
      applicable.

    

    6.  Amendments
      of Subsection 3.1.2.

     

    (a)  Subsection (a)
      of Section 3.1.2 of the Credit Agreement is hereby amended to read as
      follows:

    

    (a)           Scheduled
      Principal Payments – Term Loans.  The Borrower shall make
      principal payments in respect of the Term Loans in amounts and on the dates
      set
      forth in the following schedule:

    

    
      	
              Payment
                Date

            	 	
              Principal
                Payment Amount

            
	
              March
                31, 2008

            	 	
              $   500,000

            
	
              June
                30, 2008

            	 	
              $1,000,000

            
	
              September
                30, 2008

            	 	
              $1,500,000

            

    

    

    

    (b)  Subsection
      (c) of Section 3.1.2 of the Credit Agreement is hereby amended by adding the
      following sentence at the end subsection (3) contained herein:

     

    Notwithstanding
      the foregoing, in the event any Capital Stock shall be issued prior to January
      31, 2008 that causes repayment of the outstanding Revolving Loan, as provided
      above, such repayment will not result in a corresponding reduction in the
      Revolving Credit Commitments.

     

    7.  Amendment
      of Section 8.21  Section 8.21 of the Credit Agreement is
      hereby amended by deleting "David R. Bock - Chief Financial Officer", and
      substituting in lieu thereof "Brad S. Wear – Chief Financial
      Officer".

    

    8.  Amendments
      of Section 9.1

     

    (a)  Subsection
      (c) of  Section 9.1 of the Credit Agreement is hereby amended by
      deleting the dollar figure “$350,000” and substituting in lieu thereof the
      dollar figure “$2,500,000".

     

    (b)  Section
      9.1 of the Credit Agreement is hereby amended by (a) deleting the word "and"
      at
      the end of clause (i), (b) relettering clause (j) as clause (m) and (c)
      inserting the following new clauses (j), (k) and (l) immediately prior to
      relettered clause (m):

    

    
      
         

      

      
        -
          5 -

        
          

        

      

      
         

      

    

    (j)           The
      $750,000 of Indebtedness of the Borrower incurred as a portion of the purchase
      price for the ProFitness Acquisition and payable in accordance with the terms
      of
      the ProFitness Acquisition Agreement;

    

    (k)           Indebtedness
      of CHD Meridian Healthcare, LLC (“CHD”) arising out of that certain Promissory
      Note dated September 21, 2007 executed by CHD, as borrower, to the order of
      De
      Lage Landen Financial Services, Inc., as lender;

    

    (l)           Indebtedness
      arising from Borrower’s obligations to make the Additional Purchase Price
      Payment and/or the Make Whole Payment, as such terms are defined in, and
      pursuant to, the ProFitness Acquisition Agreement;

    

    9.  Amendment
      of
      Section 10.1.4.  Section 10.1.4
      of the Credit Agreement is hereby amended to read as follows:

    

    10.1.4.                      Minimum
      EBITDA.  Permit EBITDA for each period indicated below, calculated
      after giving Pro Forma Effect to any relevant transaction occurring during
      such
      period, to be less than the amount specified for such period:

    

    
      	
              Period

            	
              Minimum
                EBITDA

            
	 	 
	
              April
                1, 2007 – December 31, 2007

            	
              $4,665,000

            
	
              Last
                Four Fiscal Quarters ending March 31, 2008

            	
              $6,720,000

            
	
              Last
                Four Fiscal Quarters ending June 30, 2008

            	
              $6,510,000

            
	
              Last
                Four Fiscal Quarters ending September 30, 2008

            	
              $7,185,000

            
	
              Last
                Four Fiscal Quarters ending December 31, 2008

            	
              $7,865,000

            
	
              Last
                Four Fiscal Quarters ending March 31, 2009

            	
              $7,865,000

            

    

    

    10.  Amendment
      of Exhibit 2.10A.  Exhibit 2.10A of the Credit
      Agreement is hereby replaced with Exhibit 2.10A attached to this
      Amendment.

    

    11.  Fees.  In
      consideration of the agreements of the Lenders set forth herein, the Borrower
      agrees to pay to the Administrative Agent, for distribution to the Lenders
      pro rata in accordance with their respective Percentages, such fees as
      have been separately agreed upon in writing in the amounts and at the times
      so
      specified.

    

    12.  Conditions
      to Effectiveness.  This Amendment shall
      be effective only upon the satisfaction of the following
      conditions:

    

    (a)   the
      Administrative Agent shall have received and approved the following financial
      statements of ProFitness and its Subsidiaries:

    

    
      
         

      

      
        -
          6 -

        
          

        

      

      
         

      

    

    (i)  the
      audited consolidated balance sheets as of September 30, 2007 for the preceding
      21 calendar months, and the related consolidated statements of income,
      shareholders’ equity and cash flows for the respective fiscal years then
      ended;

    

    (ii)  the
      unaudited consolidated balance sheets as of December 31, 2005 and the related
      consolidated statements of income, shareholders' equity and cash flows for
      such
      fiscal year then ended; and

    

    (iii)  comparison
      financial statements of the nine (9) month periods ending September 30, 2006
      and
      ending September 30, 2007.

     

    (b)  the
      Lenders shall have received and approved the projected balance sheets,
      statements of income and statements of cash flows for the Borrower and its
      Subsidiaries on a quarterly basis for Fiscal Years 2008 and 2009, prepared
      or
      approved by the Borrower which shall incorporate the ProFitness Acquisition
      (the
      "2008/2009 Projections");

     

    (c)  the
      Borrower shall have executed and delivered Term Notes, in form and substance
      satisfactory to Administrative Agent, evidencing the Term Loans of each
      Lender;

    

    (d)  the
      Borrower, each of the Guarantors, the Administrative Agent, the Issuing Bank
      and
      the Lenders shall have executed and delivered a counterpart of this
      Amendment;

    

    (e)  the
      Lenders shall have received and approved of the terms and conditions of the
      acquisition of ProFitness and all material documents relating thereto,
      including, the ProFitness Acquisition Agreement and, if requested by
      Administrative Agent, any due diligence materials delivered or generated in
      connection therewith;

    

    (f)  the
      ProFitness Acquisition shall have been substantially consummated in accordance
      with the terms of such approved ProFitness Acquisition Agreement and the
      documentation required by Section 8.18 of the Credit Agreement shall have been
      executed, as applicable, and delivered to the Administrative Agent;

    

    (g)  each
      of
      the representations and warranties of the Borrower contained in
Section 13 shall be true and correct in all material respects as of
      the date as of which all of the other conditions contained in this
Section 12 shall have been satisfied;

    

    (h)  the
      Borrower shall have paid the fees required by Section 11;
      and

    

    (i)  the
      Administrative Agent shall have received such documents, instruments,
      certificates, opinions and approvals as it reasonably may have
      requested.

    

    
      
         

      

      
        -
          7 -

        
          

        

      

      
         

      

    

    13.  Representations
      and Warranties of the Borrower and the
      Guarantors.  As an inducement to the
      Lenders, the Issuing Bank and the Administrative Agent to enter into this
      Amendment, the Borrower and the Guarantors hereby represent and warrant that,
      on
      and as of the date hereof, and taking into account the provisions hereof, (a)
      in
      the opinion of the management of the Borrower, (i) the assumptions used in
      the
      preparation of the 2008/2009 Projections were reasonable when made and, as
      of
      the date hereof, the management of the Borrower continues to believe that such
      assumptions are reasonable and appropriate and (ii) the 2008/2009 Projections
      when prepared represented a reasonable estimate of the future performance and
      financial condition of the Borrower and its Subsidiaries for the periods
      included therein, subject to the uncertainties and approximations inherent
      in
      the making of any financial projections and without assurance that the projected
      performance and financial condition actually will be achieved and (b) the
      representations and warranties contained in the Credit Agreement and the other
      Loan Documents are true and correct in all material respects, except for
      (i) representations and warranties that expressly relate to an earlier
      date, which remain true and correct as of said earlier date,
      (ii) representations and warranties that have become untrue or incorrect
      solely because of changes permitted by the terms of the Credit Agreement and
      the
      other Loan Documents, and (iii) the representations and warranties set
      forth in paragraphs (a), (d) and (e) of Section 7.5 of the Credit
      Agreement, as to which no further representation or warranty is made
      herein.

    

    14.  Effect
      of Amendment; Continuing Effectiveness of Credit Agreement and Loan
      Documents.

    

    (a)  Neither
      this Amendment nor any other indulgences that may have been granted to the
      Borrower or any Guarantor by the Administrative Agent, the Issuing Bank or
      any
      Lender shall constitute a course of dealing or otherwise obligate the
      Administrative Agent, the Issuing Bank or any Lender to modify, expand or extend
      the agreements contained herein, to agree to any other amendments to the Credit
      Agreement or to grant any consent to, waiver of or indulgence with respect
      to
      any other noncompliance with any provision of the Loan Documents.

    

    (b)  Upon
      and
      after the effectiveness of this Amendment, each reference in the Credit
      Agreement to "this Agreement", "hereunder", "hereof" or words of like import
      referring to the Credit Agreement, and each reference in the other Loan
      Documents to "the Credit Agreement", "thereunder", "thereof" or words of like
      import referring to the Credit Agreement, shall mean and be a reference to
      the
      Credit Agreement as modified hereby.  This Amendment shall constitute
      a Loan Document for all purposes of the Credit Agreement and the other Loan
      Documents.

    

    (c)  Any
      noncompliance by the Borrower or any Guarantor with any of the covenants, terms,
      conditions or provisions of this Amendment shall constitute an Event of
      Default.

    

    (d)  Except
      to
      the extent amended or modified hereby, the Credit Agreement, the other Loan
      Documents and all terms, conditions and provisions thereof shall continue

     

    
      
         

      

      
        -
          8 -

        
          

        

      

      
         

      

    

    in
      full
      force and effect in all respects and shall be construed in accordance with
      the
      modifications of the Credit Agreement effected hereby.  Without
      limiting the generality of the foregoing, the Security Documents and all of
      the
      Collateral described therein secure and shall continue to secure the payment
      of
      all Obligations, in each case taking into account the modifications of the
      Credit Agreement effected hereby.

     

    (e)  Upon
      the
      satisfaction of the conditions in Section 12, the ProFitness Acquisition
      shall be deemed a "Permitted Acquisition" for purposes of Section 9.4 (j) of
      the
      Credit Agreement and the issuance of the Capital Stock of Borrower and the
      Promissory Note that will constitute the "Share Consideration", as such term
      is
      defined in the ProFitness Acquisition Agreement, will each be considered to
      be
      an Excluded Prepayment Transaction for purposes of Section 3.1.2 (c) (3) of
      the
      Credit Agreement.

    

    15.  Release
      and Waiver.  The Borrower and the
      Guarantors hereby stipulate, acknowledge and agree that they have no claims
      or
      causes of action of any kind whatsoever against any of the Lenders, the Issuing
      Bank or the Administrative Agent arising out of or relating in any way to any
      event, circumstance, action or failure to act with respect to this Amendment,
      the Credit Agreement, the other Loan Documents or any matters described or
      referred to herein or therein or otherwise related hereto or
      thereto.  The Borrower and the Guarantors hereby release all of the
      Lenders, the Issuing Bank and the Administrative Agent from any and all claims,
      causes of action, demands and liabilities of any kind whatsoever, whether direct
      or indirect, fixed or contingent, liquidated or unliquidated, disputed or
      undisputed, known or unknown, that the Borrower or any Guarantor may now or
      hereafter have and that arise out of or relate in any way to any event,
      circumstance, action or failure to act on or before the date of this Amendment
      with respect to this Amendment, the Credit Agreement, the other Loan Documents
      or any matters described or referred to herein or therein or otherwise related
      hereto or thereto.  The release by the Borrower and the Guarantors
      herein, together with the other terms and provisions of this Amendment, are
      entered into by the Borrower and the Guarantors advisedly and without
      compulsion, coercion or duress, the Borrower and the Guarantors having
      determined that this Amendment and all of its terms, conditions and provisions
      are in the economic best interests of the Borrower and the
      Guarantors.  The Borrower and the Guarantors represent that they are
      entering into this Amendment freely and with the advice of counsel as to their
      legal alternatives.

    

    16.  Further
      Actions.  Each of the parties to this
      Amendment agrees that at any time and from time to time upon written request
      of
      any other party, it will execute and deliver such further documents and do
      such
      further acts and things as such other party reasonably may request in order
      to
      effect the intents and purposes of this Amendment.

    

    17.  Counterparts.  This
      Amendment may be executed in multiple counterparts or copies, each of which
      shall be deemed an original hereof for all purposes.  One or more
      counterparts or copies of this Amendment may be executed by one or more of
      the
      parties hereto, and some different counterparts or copies executed by one or
      more of the other parties.  Each counterpart or copy hereof executed
      by any party hereto shall be binding upon the party executing same even though
      other parties may execute one or more different counterparts or copies, and
      all
      counterparts or copies hereof so executed shall constitute but one and the
      same

     

    
      
         

      

      
        -
          9 -

        
          

        

      

      
         

      

    

    agreement.  Each
      party hereto, by execution of one or more counterparts or copies hereof,
      expressly authorizes and directs any other party hereto to detach the signature
      pages and any corresponding acknowledgment, attestation, witness or similar
      pages relating thereto from any such counterpart or copy hereof executed by
      the
      authorizing party and affix same to one or more other identical counterparts
      or
      copies hereof so that upon execution of multiple counterparts or copies hereof
      by all parties hereto, there shall be one or more counterparts or copies hereof
      to which is(are) attached signature pages containing signatures of all parties
      hereto and any corresponding acknowledgment, attestation, witness or similar
      pages relating thereto.

    

    18.  Miscellaneous.

    

    (a)  This
      Amendment shall be governed by, construed and enforced in accordance with the
      laws of the State of Tennessee, without reference to the conflicts or choice
      of
      law principles thereof.

    

    (b)  The
      headings in this Amendment and the usage herein of defined terms are for
      convenience of reference only, and shall not be construed as amplifying,
      limiting or otherwise affecting the substantive provisions hereof.

    

    (c)  All
      references herein to the preamble, the recitals or sections, paragraphs,
      subparagraphs, annexes or exhibits are to the preamble, recitals, sections,
      paragraphs, subparagraphs, annexes and exhibits of or to this Amendment unless
      otherwise specified.  The words "hereof", "herein" and "hereunder" and
      words of similar import, when used in this Amendment, refer to this Amendment
      as
      a whole and not to any particular provision of this Amendment.

    

    (d)  Any
      reference herein to any instrument, document or agreement, by whatever
      terminology used, shall be deemed to include any and all amendments,
      modifications, supplements, extensions, renewals, substitutions and/or
      replacements thereof as the context may require.

    

    (e)  When
      used
      herein, (1) the singular shall include the plural, and vice versa, and the
      use
      of the masculine, feminine or neuter gender shall include all other genders,
      as
      appropriate, (2) "include", "includes" and "including" shall be deemed to be
      followed by "without limitation" regardless of whether such words or words
      of
      like import in fact follow same, and (3) unless the context clearly indicates
      otherwise, the disjunctive "or" shall include the conjunctive
      "and".

    

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

    

    

    

    [Remainder
      of Page Intentionally Left Blank;

    Signature
      Pages Follow]

    
      
         

      

      
        -
          10 -

        
          

        

      

      
         

      

    

    [Signature
      Page to Ninth Amendment to Credit Agreement

    (I-trax,
      Inc.) dated December 14, 2007]

     

    
      	
              BORROWER:

            
	 	 
	 	 
	
              I-TRAX,
                INC.

            
	 	 
	 	 
	
              By:

            	
              /s/
                Frank A. Martin

            
	 	
              Name:
                Frank A. Martin

            
	 	
              Title:
                Chairman

            
	 	 
	 	 
	 	 
	
              GUARANTORS:

            
	 	 
	 	 
	
              I-TRAX
                HEALTH MANAGEMENT SOLUTIONS, INC.,

            
	
              a
                Delaware corporation

            
	 	 
	 	 
	
              By:

            	
              /s/
                Frank A. Martin

            
	 	
              Name:
                Frank A. Martin

            
	 	
              Title:
                Chairman

            
	 	 
	 	 
	
              CONTINUUM
                HEALTH MANAGEMENT SOLUTIONS, LLC

            
	
              (formerly
                I-trax Health Management Solutions, LLC),

            
	
              a
                Delaware limited liability company

            
	 	 
	
              BY:

            	
              I-TRAX,
                INC., its sole member

            
	 	 
	 	 
	
              By:

            	
              /s/
                Frank A. Martin

            
	 	
              Name:
                Frank A. Martin

            
	 	
              Title:
                Chairman

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              CHD
                MERIDIAN HEALTHCARE, LLC,

            
	
              a
                Delaware limited liability company

            
	 	 
	
              BY:

            	
              I-TRAX,
                INC., its sole member

            
	 	 
	 	 
	
              By:

            	
              /s/
                Frank A. Martin

            
	 	
              Name:
                Frank A. Martin

            
	 	
              Title:
                Chairman

            
	 	 
	 	 
	
              AMERICAN
                OCCUPATIONAL HEALTH MANAGEMENT, INC.,

            
	
              a
                Delaware corporation

            
	 	 
	 	 
	
              By:

            	
              /s/
                Frank A. Martin

            
	 	
              Name:
                Frank A. Martin

            
	 	
              Title:
                Chairman

            
	 	 
	 	 
	
              MEDICENTER,
                INC.,

            
	
              an
                Oklahoma corporation

            
	 	 
	 	 
	
              By:

            	
              /s/
                Frank A. Martin

            
	 	
              Name:
                Frank A. Martin

            
	 	
              Title:
                Chairman

            
	 	 
	 	 
	
              MERIDIAN
                COMP OF NEW YORK, INC.,

            
	
              a
                Delaware corporation

            
	 	 
	 	 
	
              By:

            	
              /s/
                Frank A. Martin

            
	 	
              Name:
                Frank A. Martin

            
	 	
              Title:
                Chairman

            
	 	 
	 	 
	
              CORPORATE
                HEALTH DIMENSIONS, INC.,

            
	
              a
                New York corporation

            
	 	 
	 	 
	
              By:

            	
              /s/
                Frank A. Martin

            
	 	
              Name:
                Frank A. Martin

            
	 	
              Title:
                Chairman

            

    

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              CHDM,
                INC.,

            
	
              a
                Delaware corporation

            
	 	 
	 	 
	
              By:

            	
              /s/
                Frank A. Martin

            
	 	
              Name:
                Frank A. Martin

            
	 	
              Title:
                Chairman

            
	 	 
	 	 
	
              CHDM,
                LLC,

            
	
              an
                Indiana limited liability company

            
	 	 
	 	 
	
              By:

            	
              /s/
                Frank A. Martin

            
	 	
              Name:
                Frank A. Martin

            
	 	
              Title:
                Chairman

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    [Signature
      Page to Ninth Amendment to Credit Agreement

    (I-trax,
      Inc.) dated December 14, 2007]

    

    

    
      	
              ADMINISTRATIVE
                AGENT, LENDER, SWINGLINE LENDER AND ISSUING
                BANK:

            
	 	 
	 	 
	
              BANK
                OF AMERICA, N.A.

            
	 	 
	 	 
	
              By:

            	
              /s/
                Suzanne Smith

            
	 	
              Name:
                Suzanne Smith

            
	 	
              Title:
                Senior Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00134-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00134-of-00352.parquet"}]]