SEC Contract Filing

Filing Date: 2016-06-28

Document Content:
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<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>v443110_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.3</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FIRST AMENDMENT TO STOCK PURCHASE AGREEMENT
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AND TO NON-INTEREST BEARING SECURED PROMISSORY
NOTE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This <B>FIRST AMENDMENT
TO STOCK PURCHASE AGREEMENT AND TO NON-INTEREST BEARING SECURED PROMISSORY NOTE</B> (this &ldquo;<U>Amendment</U>&rdquo;) dated
as of March 1, 2016, is entered into among <B>ROBERT TRACY, D.O.<FONT STYLE="text-transform: uppercase">, Inc.</FONT>, A Medical
Corporation</B>, a California professional corporation (&ldquo;Purchaser&rdquo;), <B>APOLLOMED CARE CLINIC, A PROFESSIONAL CORPORATION,
</B>a California professional corporation (&ldquo;Seller&rdquo;), and <B>WARREN HOSSEINION, M.D.,</B> the sole shareholder of Seller,
solely in his capacity as nominee for <B>APOLLO MEDICAL MANAGEMENT, INC</B>., a Delaware corporation (&ldquo;Shareholder&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RECITALS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A. The parties entered
into an agreement titled Stock Purchase Agreement, dated as of March 1, 2016 (the &ldquo;<U>Original Agreement</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">B. Due to certain clerical
mistakes, the Original Agreement incorrectly referred to a sale of the shares of stock of Seller (the &ldquo;Shares&rdquo;) to
Purchaser, whereas certain other provisions correctly referred to a sale of certain assets of Seller to Purchaser (for example,
see Section 3.3 of the Original Agreement and the Promissory Note (as defined below)).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">C. Notwithstanding
certain incorrect language contained in the Original Agreement, the parties always intended that Purchaser would acquire certain
assets of Seller and assume certain liabilities relating to the Business, and not purchase the Shares of Seller.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">D. The parties have
at all times conducted themselves in a manner consistent with the original intention of the transaction contemplated by the Original
Agreement, that being the purchase and sale of certain assets and the assumption of certain liabilities, and not the purchase and
sale of the Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">E. For the avoidance
of any doubt and to correctly reflect the parties&rsquo; intent with respect to the transaction contemplated by the Original Agreement,
the parties desire to amend and clarify both the Original Agreement and the Non-Interest Bearing Secured Promissory Note dated
March 1, 2016 delivered by Purchaser in connection therewith (the &ldquo;<U>Promissory Note</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">F. Capitalized terms
not otherwise defined herein shall have the meanings given to such terms in the Original Agreement.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>STATEMENT OF AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE</B>,
in consideration of the Recitals, which are incorporated herein by this reference, and the mutual provisions, covenants and agreements
herein contained, the parties hereto hereby agree as follows:&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Sale
of Assets and Assumption of Certain Liabilities</U>. Notwithstanding any provision in the Original