SEC Contract Filing

Filing Date: 2015-05-15

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>2
<FILENAME>activecareexh103.htm
<DESCRIPTION>FORM OF SECURED DEBT ADDENDUM
<TEXT>
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<div style="TEXT-ALIGN: right">Exhibit 10.3</div>

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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ADDENDUM AGREEMENT #3</font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Addendum Agreement #3 (&#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Addendum</font>&#8221;) is entered into effective January 5, 2015, as an addendum and modification to the Asset Purchase Agreement dated effective as of September 1, 2012 (&#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Asset Purchase Agreement</font>&#8221;), Addendum Agreement dated March 31, 2013, and Addendum Agreement #2 dated June 6, 2014 all of which were entered into by and among Gwire Corporation, a Utah corporation (formerly RMR Corporation, the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Purchaser</font>&#8221;), ActiveCare, Inc., a Delaware corporation (&#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">ActiveCare</font>&#8221;), Rapid Medical Response, LLC, a Utah limited liability company (&#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Rapid</font>&#8221;), Orbit Medical Response, LLC, a Utah limited liability company (&#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Orbit</font>&#8221;), and Green Wire, LLC, a Utah limited liability company (&#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Green Wire</font>&#8221; with each of Rapid, Orbit and Green Wire a &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Seller</font>&#8221;, and collectively, the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Sellers</font>&#8221;). The Purchaser and the Sellers are sometimes individually referred to herein as a &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Party</font>&#8221; and collectively as the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Parties</font>.&#8221;&#160;&#160;ADP Management Corporation, a Utah corporation (&#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">ADP Management</font>&#8221; as &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Assignee</font>&#8221;).</font></div>

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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Recitals</font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Parties desire to enter into this Addendum to revise the pre-payment schedule set forth in the Asset Purchase Agreement.</font></div>

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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Agreement</font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">NOW, THEREFORE,</font> in consideration of the foregoing and the respective representations, warranties, covenants, agreements and conditions contained in the Asset Purchase Agreement and as hereinafter set forth, and intending to be legally bound hereby, the Parties agree as follows:</font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Definitions</font>. The capitalized terms defined in the Asset Purchase Agreement shall have the same meaning and definition in this Addendum.</font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATIO