Re: Extension of certain Next FinancingRound Covenants
May 2, 2014
Healthcare Corporation of America
66 Ford Road, Suite 230
Denville, NJ 07834
Attn: General Counsel
Re: Extension of certain Next Financing Round Covenants
Dear Sir:
Pursuant to a request from Healthcare Corporation of America (“HCCA”), Selway Capital Holdings LLC has agreed to extend the time period referenced in the covenants set forth in Section 6.2(a) and 6.2(b) of the Note Purchase Agreement (the “NPA”) dated April 3rd, 2014, for an additional five (5) days.
This letter shall be deemed effective as of the Closing of the NPA (as defined in the NPA). All other terms and conditions of the Bridge Loan Documents shall remain the same and unaffected by this letter. This letter is not an indication of a waiver of any right or remedy available to Selway.
Sincerely, | ||
SELWAY CAPITAL HOLDINGS LLC | ||
By: | /s/ ANDREW INTRATER | |
Name: | ANDREW INTRATER | |
Title: | BOARD MEMBER |
Please indicate your agreement with the foregoing by signing below and returning a copy of this letter to Selway Capital Holdings LLC.
ACCEPTED AND AGREED:
HEALTHCARE CORPORATION OF AMERICA
By: | ||
Name: | ||
Title: |