Document:

Callable Convertible Promissory Note

 Exhibit 10.1 
 

 
 3405 WEST DR MARTIN LUTHER KING
JR BLVD 
 SUITE 101 
 TAMPA, FL 33607 
 PH: (813) 288-4808 

 FAX: (813) 288-6939 
 1 YEAR CALLABLE CONVERTIBLE PROMISSORY NOTE 
 FACE VALUE $2,000,000 
 COUPON 10% 
 ISSUE DATE JUNE 24, 2009

 June 24, 2009 
 Dear Mr. Howard Jenkins:

 This confirms that you have agreed to loan Comprehensive Care Corporation (the “Company”) $2,000,000.00 (“Face Value”), which shall
bear interest at the rate of ten percent (10%) per annum. The Note will accrue a coupon equal to ten percent (10%) per annum payable at maturity on the outstanding balance and have a maturity date one year from the issue date
(“Maturity Date”). At maturity, the principal plus the interest will be mandatorily converted into the Company’s common stock at a conversion price of $0.35 per share. At any time prior to the Maturity Date of the Note, the Purchaser
may elect to convert the outstanding balance of the Note plus any accrued interest into shares of the Company’s common stock at $0.35 per share. On giving the Company 30 days notice, at any time after June 30, 2009 up to the Maturity Date
of the Note, you may redeem all or part of this Note and you will be entitled to receive the outstanding balance plus any accrued interest thereon calculated through the date of redemption. 
 Please confirm the above by signing in the appropriate space below. 
  

					
	Sincerely,	 		 	
			
		 		 	
	 /s/ Clark Marcus
	 		 	 /s/ Howard Jenkins

	Clark Marcus	 		 	Signature of Investor
	Chairman & Co-Chief Executive Officer	 		 	
	Comprehensive Care Corporation	 		 	
			
		 		 	 Howard Jenkins

		 		 	Please print nameAnnendum to Stock Purchase Agreement

 Exhibit 4(a).5 
 Addendum - Final 
 ROSS SYSTEMS INC 
 as Purchaser 
 ADVANTAGE GROWTH
FUND 
 JOHN CAINES 
 SIOBHAN SUTCLIFFE 
 MARK SUTCLIFFE 
 ROB ARCHER 
 ROBIN WIGHT 
 STEVE MASSEY 
 ALISTAIR
NORMAN 
 RICHARD TESTER 
 ROY THOMAS 
 JOHN CLEMENT 
 RICHARD CRAIG 
 PHIL HIGNETT 
 COLIN DOWNES 
 DAN SAUNDERS

 ROBIN WEST 
 JAMES WOOD 
 JAMES CUTTER 
 ANDY NEILSON 
 SARAH WESTON 
 DI JUDD 
 as Sellers

  
  
 ADDENDUM TO STOCK PURCHASE AGREEMENT 
  
  
  

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 Addendum - Final 
  

 ADDENDUM TO STOCK PURCHASE AGREEMENT 
 This ADDENDUM TO THE STOCK PURCHASE AGREEMENT dated as of September     , 2008, amends the Stock Purchase Agreement dated
October 6, 2006 and is made by and among ROSS SYSTEMS INC, a company organized and existing under the laws of Delaware (the “Purchaser”); and the ADVANTAGE GROWTH FUND LP registered in England and Wales as a
limited partnership with registered number LP8457 whose principal place of business is at Cavendish House 39-41 Waterloo Street Birmingham B2 5PP (“AGF”), acting by its general partner, Advantage Growth Fund (General Partner)
Limited, MR. JOHN CAINES having an address of 1 Charlton Park Gate, Cheltenham, GL53 7DJ, UK, MR. MARK SUTCLIFFE having an address of 2550 Flamingo Drive Miami Beach Florida 33140 USA , MRS. SIOBHAN SUTCLIFFE having an address
of 2550 Flamingo Drive Miami Beach Florida 33140 USA MR. ROBERT ARCHER having an address of 446 Quinton Road West, Quinton, Birmingham, B32 1QG, UK, MR. ROBIN WIGHT having an address of Owlsclough Famr Cotton Dell Oakamoor ST10 3DL UK
, MR. STEVEN MASSEY having an address of 25 Tower Road, Worcester, WR3 7AF, UK, MR. ALISTAIR NORMAN having an address of9, Kings Hall, The Academy, Wake Green Road, Moseley, Birmingham, B13 9HW, UK, MR. RICHARD TESTER
having an address of 1500 Bay Road, Apartment 230, South Beach, Miami, Florida, 33139, USA, MR. ROY THOMAS having an address of 19 Coach House Mews, Coventry Road, Warwick, Warwickshire, CV34 4LD, MR. JOHN CLEMENT 6 Yarn Lane,
Dickens Heath, Solihull B90 1TU, UK, MR. RICHARD CRAIG having an address of 13 Catesby Croft, Loughton, Milton Keynes, MK5 8FH, UK, MR. PHIL HIGNETT having as address of Apartment 116, 1500 Bay Road, Miami, Florida, 33139 USA,
MR. COLIN DOWNES having an address of 95 The Glassworks, 3 Canal Square, Birmingham B16 8FL, UK, MR. DAN SAUNDERS having an address of 8 Hyde Lane, Kinver, Stourbridge, DY7 6AF, UK, MR. ROBIN WEST having an address of
Apartment 1525, 1508 Bay Road, Miami, Florida, 33131, USA, MR. JAMES WOOD having an address of 29 Westgate Apartments, 10 Arthur Place, Birmingham, B1 3DA, UK, MR. JAMES CUTTER having an address of 38 Lovelace Avenue, Solihull, West
Midlands, B90 3JP, UK, MR. ANDY NEILSON having an address of 5 Popular Avenue, Tividale, West Midlands, B69 1RG, MS. SARAH WESTON having an address of 52 Thornfiled Road, Acocks Green, Birmingham, B27 7EB, UK and MS. DI JUDD
having an address of 162 Farnborough Road, Castle Vale, Birmingham, B35 7NE, UK collectively, the “Sellers”), all of whom may be collectively referred to herein as the “Parties” or individually as a
“Party”. 
 WITNESSETH 
 WHEREAS on or about October 6, 2006, the Parties executed a Stock Purchase Agreement whereby the Purchaser acquired 100% of the Shares of MVI Holdings Limited (company number 4376578) from the Sellers (the
“Stock Purchase Agreement”). 
 WHEREAS the Parties to the Stock Purchase Agreement have agreed to make the following
amendments to the Stock Purchase Agreement so that the calculation of the Third Instalment is amended and the earn-out period is extended until the calendar year end 2010 by the addition of a Fourth Instalment. 
 NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for other good and valuable consideration, the receipt of
which is hereby acknowledged, the Parties agree as follows: 
 Section 1. Definitions and Principles of Construction

 Capitalized terms in this Addendum shall have the same meaning as given in the Stock Purchase Agreement unless a term is specifically
defined herein in which case such term shall have the meaning as defined herein. The Principles of Construction as provided for in the Stock Purchase Agreement shall apply to this Addendum. 
  

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 Addendum - Final 
  

 “Addendum” shall mean this Addendum to the Stock Purchase Agreement. 
 “Adjusted Operating Profit” means the Operating Profit of the Relevant Business calculated in accordance with US GAAP and as
adjusted by application of the agreed adjustments and principles as set out in Schedule 1 provided always that all customer returns and credits issued by the Relevant Businesses shall be deducted from the calculation of Adjusted Operating
Profit in the same Installment Period as the corresponding earnings. 
 “CDC Factory Products” means .any software
products or services sold by the Relevant Business or branded as CDC Factory products. 
 “Claim” means any allegation,
debt, cause of action, liability, claim, proceeding, suit or demand of any nature howsoever arising and whether present or future, fixed or unascertained, actual or contingent whether at law, in equity, under statute or otherwise including without
limitation any claim for legal costs or expenses. 
 “Company” means MVI Holdings Limited, a company organized and existing
under the laws of the United Kingdom and having a company number of 4376578 and its Subsidiaries. 
 “Fourth Instalment”
shall mean the amount to be paid at the Fourth Instalment Payment Date. 
 “Fourth Instalment Payment Date” shall have the
meaning given to such term in Section 2.02(e). 
 “Fourth Instalment Period” shall mean the period starting the day
following the end of the Third Installment Period and ending on the calendar year end 2010. 
 “Indemnified Period” shall
mean the period between Closing and continuing until the Fourth Installment Payment Date. 
 “Management Accounts” means the
accounts prepared in accordance with Section 2.02(c). 
 “MVI President” means Mark Sutcliffe and/or any individual
appointed to this position. 
 “Relevant Business” means any and/or all of the business units comprised within the CDC
Factory unit now or at any time before the end of the Fourth Instalment Period including (without limitation) the Company, MVI Technology Inc, a Florida registered company having a registration number PO4000159896, MVI Technology Limited, a United
Kingdom registered company having a registration number # 02700276 and MVI Software Limited, a United Kingdom registered company having a registration number #4376567 (being the subsidiaries of the Company at Closing) and, for the avoidance of
doubt, revenue of the Relevant Business will be deemed to include sales of CDC Factory Products by other CDC entities and/or third parties on behalf of CDC entities (including Value Added Resellers) provided always that they fall within, and
are dealt with pursuant to, the parameters set forth in Part 2 of Schedule 1. 
 “Stock Purchase Agreement” shall mean the
Stock Purchase Agreement dated October 6, 2006, by and between the Purchaser and the Sellers, the exhibits and schedules thereto and the certificates delivered in accordance therewith. 
 Third Instalment Period shall mean the period starting on 7th October 2008 and ending on 31st December 2009. 
  

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 Addendum - Final 
  

 Third Instalment Payment shall mean the amount to be paid on the Third Instalment Date.

 Third Instalment Payment Date shall have the meaning given to such term in Section 2.02 (e) 
 “US GAAP” shall mean the generally accepted accounting principles of the United States. 
 Section 2. Amendment to Stock Purchase Agreement - Third & Fourth Installment 
 2.01 Amendment & Release. (a) For the avoidance of doubt, this Addendum only relates to, and amends, the Third Instalment under the
Stock Purchase Agreement and adds a Fourth Instalment. This Addendum does not in any way effect or amend any other aspect of the Stock Purchase Agreement. All provisions not expressly amended in this Addendum shall remain binding and enforceable as
set forth in the Stock Purchase Agreement. 
 (b) The Sellers hereby acknowledge and agree that each of the Tranche 1 Consideration, the NAV
Adjustment, the True-Up Amount and the First Instalment (“Previous Payments”) have been paid to each Seller in the correct amount and none of the Sellers will contest the quantum or receipt of such Previous Payments. The parties
acknowledge that the Second Instalment Payment is to be calculated and paid in accordance with the Share Purchase Agreement. Each Seller hereby releases the Purchaser and its Affiliates from all Claims relating to the Previous Payments. This release
covers all Claims, however described and however arising, whether or not the facts or law giving rise to any such Claim are presently within the knowledge or contemplation of any party or have been discussed between them. 
 (c) The Sellers acknowledge that this Addendum replaces, in its entirety, the Purchaser’s obligations with respect to the Third Instalment.

 2.02 Third Installment and Fourth Installment. 
 (a) Extension of Earn-Out Period. The earn-out period under the Stock Purchase Agreement shall be extended to include the Fourth Installment Period. 
 (b) Third Installment. Subject to terms and conditions hereof, the Parties agree that: 
 (i) the calculation of the Third Installment shall be amended so that the Sellers receive an amount equal to fifty percent (50%) of the Adjusted
Operating Profit for the Third Installment Period; and 
 (ii) the amount of the Fourth Installment shall be calculated so that the Sellers
receive an amount equal to fifty percent (50%) of the Adjusted Operating Profit for the Fourth Installment Period. 
 (c) Calculation
of Third Installment and Fourth Installment. Without prejudice to Section 2.02 (d) within forty five (45) days of the end of each of the Third Installment Period and the Fourth Installment Period, the Purchaser shall prepare
management accounts of the Relevant Business for the relevant Installment Period in accordance with US GAAP and forward them to the Sellers Representative for approval. Such Sellers Representative shall have fifteen (15) days of receipt of
the management accounts (“Installment Approval Period”) to approve the relevant management accounts. In the event that the Sellers Representative either approves the relevant management accounts or no response is received from the
Sellers Representative within the Installment Approval Period, the relevant management accounts shall be deemed to be approved by the Sellers. In the event that the Sellers Representative provides written objection to the Purchaser within the
Installment Approval Period setting out in detail the reasons why they do not approve the 

  

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 Addendum - Final 
  

 
relevant management accounts (“Installment Objection”), the Purchaser and the Seller Representative shall meet within 7 days of the
Purchaser receiving the Installment Objection to resolve any dispute between them. If any dispute between the Purchaser and the Seller Representative is not resolved within a period of thirty (30) days after the end of the Installment Approval
Period, the dispute will be referred to an Expert for determination, which shall be final and binding on the parties save in the absence of manifest error. 
 (d) In order to assist the parties in monitoring the Third and/or Fourth Instalment Payment the Purchaser and the MVI President shall use their reasonable endeavours to jointly prepare Management Accounts of the
Relevant Business in respect of each quarter. 
 (e) Payment – Third Installment and Fourth Installment. Subject to the
provisions of Section 2.02(h) of the Stock Purchase Agreement (“Holdback”) the Third Installment and the Fourth Installment shall be payable sixty (60) days after the later of: (i) the approval or deemed approval by
the Sellers Representative or determination by the Expert of the relevant Installment Period accounts provided in accordance with Section 2.02 (c) after the end of each of the Third Installment Period (“Third Installment Payment
Date”) and the Fourth Installment Period (“Fourth Installment Payment Date”). Notwithstanding the requirements of this provision, neither the Third Installment nor the Fourth Installment shall be payable until the Purchaser
has received from the Sellers banking details. 
 (f) Apportionment of Third Installment and Fourth Installment. All amounts paid to
the Sellers under this Addendum shall be apportioned between the Sellers on a pro-rata basis relative to each Sellers’ percentage ownership of Equity Interest prior to Closing as set out in the second column titled “New%” of Schedule
2 and shall only be payable upon receipt of each Seller’s banking details by the Purchaser. 
 (g) Holdback. The holdback granted
in Section 2.02(h) of the Stock Purchase Agreement shall apply mutatis mutandis to the amended Third Installment and the extended Fourth Installment. 
 (h) Indemnities. The indemnities granted in Section 10 of the Stock Purchase Agreement shall apply mutatis mutandis to this Addendum having regard to the amendment to the definition of “Indemnified
Period”. 
 (i) Except as provided for in Schedule 1, the provisions of Section 6.04 of the Stock Purchase Agreement shall apply
(mutatis mutandis) to the end of the Fourth Instalment Period. 
 (j) The Seller’s Representative shall, for all purposes of this
Addendum and the Stock Purchase Agreement be Surjit Kooner of Growth Fund LP 
 Section 3. Termination 
 3.01 Termination. This Addendum may be terminated, and the transactions contemplated hereby may be abandoned, by the Purchaser in the event that
100% of the Sellers have not executed this Addendum at any time after September 30, 2008. 
 3.02 Effect of Termination. If this
Addendum is validly terminated pursuant to Section 3.01, this Addendum will forthwith become null and void, and there will be no liability or obligation on the part of any Seller or the Purchaser (or any of their respective officers, directors,
employees, agents or other representatives or Affiliates), except that the provisions with respect to the Stock Purchase Agreement, expenses in Section 4.02, and confidentiality in Section 4.12 shall continue to apply following any such
termination. 
  

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 Addendum - Final 
  

 Section 4. Miscellaneous 
 4.01 Notices. All notices, requests, demands, consents, instructions or other communications required or permitted hereunder shall be in writing
and by fed ex, courier or fax to each party as follows: 
 If to the Sellers, to Mr. Surjit Kooner (the Sellers Representative)

 At the address contained in the first paragraph of this Addendum 
 If to the Purchaser, to: 
 Ross Systems Inc

 Two Concourse Parkway 
 Suite
800 
 Atlanta, Georgia 30328 
 Attn: Mr. James McDevitt 
 All such notices, requests, demands, consents, instructions or other communications shall be
effective: (a) when sent by Federal Express or other overnight service of recognized standing, on the second business day following the deposit with such service; and (b) when faxed, upon confirmation of receipt regardless of whether such
notice, request or other communication is received by any other Person to whom a copy of such notice is to be delivered pursuant to this Section. Any party from time to time may change its address, facsimile number or other information for the
purpose of notices to that party by giving notice specifying such change to the other party hereto. 
 4.02 Expenses. Each of Sellers
(and not the Company) shall pay for each of their costs and expenses relating to the negotiation and execution of this Addendum and the transactions contemplated hereby. 
 4.03 Waiver. Any term or condition of this Addendum may be waived at any time by the party that is entitled to the benefit thereof, but no such waiver shall be effective unless set forth in a written instrument
duly executed by or on behalf of the party waiving such term or condition. No waiver by any party of any term or condition of this Addendum, in any one or more instances, shall be deemed to be or construed as a waiver of the same or any other term
or condition of this Addendum on any future occasion. 
 4.04 Amendment. This Addendum may be amended, supplemented or modified only
by a written instrument duly executed by or on behalf of each party hereto. 
 4.05 No Third Party Beneficiary. The terms and
provisions of this Addendum are intended solely for the benefit of each party hereto and their respective successors or permitted assigns. 
 4.06 Assignment; Binding Effect. Subject always to the subsequent sentence, neither this Addendum nor any right, interest or obligation hereunder may be assigned by any party hereto without the prior written consent of the other
party hereto and any attempt to do so will be void, except for assignments and transfers by operation of Law. At any time after the Third Installment Period, the Purchaser may assign any or all of its rights, interests and obligations hereunder
provided that, each such assignee agrees in writing to be bound by all of the terms, conditions and provisions contained herein. Subject to the preceding sentence, this Addendum is binding upon, inures to the benefit of and is enforceable by the
parties hereto and their respective successors and assigns. 
 4.07 Invalid Provisions. If any provision of this Addendum is held to
be illegal, invalid or unenforceable under any present or future Law, and if the rights or obligations of any party hereto under this Addendum will not be materially and adversely affected thereby: (a) such provision will be fully severable;
(b) the remaining provisions of this Addendum will remain in full force and effect and will 

  

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 Addendum - Final 
  

 
not be affected by the illegal, invalid or unenforceable provision or by its severance herefrom; and (c) in lieu of such illegal, invalid or
unenforceable provision, there will be added automatically as a part of this Addendum a legal, valid and enforceable provision as similar in terms to such illegal, invalid or unenforceable provision as may be possible. 
 4.08 Governing Law. This Addendum shall be governed by and construed in accordance with the laws of the United Kingdom without giving effect to
the conflicts of laws principles thereof. 
 4.9 Jurisdiction. Any suit, action or proceeding seeking to enforce any provision of, or
based on any matter arising out of or in connection with, this Addendum or the transactions contemplated hereby shall be brought against any of the parties in the courts of England and Wales and each of the parties hereby consents to the exclusive
jurisdiction of such courts (and of the appropriate appellate courts) in any such suit, action or proceeding and waives any objection to venue laid therein. 
 4.10 Counterparts. This Addendum may be executed in any number of counterparts, each of which will be deemed an original, but all of which together will constitute one and the same instrument. 
 4.11 Confidentiality. The confidentiality provisions contained in Section 12.12 of the Stock Purchase Agreement shall apply to this Addendum.

  

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 Addendum - Final 
  

 IN WITNESS WHEREOF, this Addendum has been duly executed and delivered by the duly authorized officer
of each party hereto, and shall be effective as of the date first above written 
  

			
	ROSS SYSTEMS INC
		
	By:	 	 /s/    John Clough

	Name:	 	C. J. Clough
	Title:	 	Authorised Officer
	
	 ADVANTAGE GROWTH FUND
 acting by
its General Partner

	Advantage Growth Fund (General Partner) Limited
		
	By:	 	 /s/    R. Wood

	Name:	 	Roger Wood
	Title:	 	 Director of Advantage Growth Fund
 (General Partner)
Limited

		
	By:	 	 /s/    Anthony Stott

	Name:	 	Tony Stott
	Title:	 	 Director of Advantage Growth Fund
 (General Partner)
Limited

	
	 /s/    John Caines

	JOHN CAINES
	
	 /s/    Siobahn Sutcliffe

	SIOBHAN SUTCLIFFE
	
	 /s/    Mark Sutcliffe

	MARK SUTCLIFFE
	
	 /s/    Mark Sutcliffe

	ROBERT ARCHER
	
	 /s/    Mark Sutcliffe

	ROBIN WIGHT
	
	 /s/    Mark Sutcliffe

	STEVEN MASSEY

  

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 Addendum - Final 
  

	
	 /s/    Mark Sutcliffe

	ALISTAIR NORMAN
	
	 /s/    Mark Sutcliffe

	RICHARD TESTER
	
	 /s/    Mark Sutcliffe

	ROY THOMAS
	
	 /s/    Mark Sutcliffe

	JOHN CLEMENT
	
	 /s/    Mark Sutcliffe

	RICHARD CRAIG
	
	 /s/    Mark Sutcliffe

	PHIL HIGNETT
	
	 /s/    Mark Sutcliffe

	COLIN DOWNES
	
	 /s/    Mark Sutcliffe

	DAN SAUNDERS
	
	 /s/    Mark Sutcliffe

	ROBIN WEST
	
	 /s/    Mark Sutcliffe

	JAMES WOOD
	
	 /s/    Mark Sutcliffe

	JAMES CUTTER
	
	 /s/    Mark Sutcliffe

	ANDY NEILSON
	
	 /s/    Mark Sutcliffe

	SARAH WESTON
	
	 /s/    Mark Sutcliffe

	DI JUDD

  

 9

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