7 Clyde Road, Suite 201, Somerset, NJ 08873Phone ###-###-#### Facsimile ###-###-#### www.MTBC.com
Exhibit 2.10
Stephen A. Snyder
President
July 3, 2014
James Antonacci, Jr.
Practicare Medical Management, Inc.
4567 Crossroads Park Drive
Liverpool, NY 13088
Re: Asset Purchase Agreement Amendment
Dear Mr. Antonacci:
In order to provide the consideration contemplated in the Closing Date Extension signed on June 13, 2014, both parties agree that Seller’s Revenue as defined in the Asset Purchase Agreement dated August 23, 2014 (the “Agreement”) shall be considered to be $4,333,333, and that Achieved Revenue shall include revenue from CNY Neurology and Christian Health Services as well as existing customers of the Seller.
Additionally, Section 1.3 (c) of the Agreement shall hereby be amended so that if Achieved Revenue exceeds Seller’s revenue by more than 5%, additional cash consideration shall be computed equal to the Revenue Excess Amount multiplied by 82.5% and additional share consideration shall be the Revenue Excess Amount multiplied by 67.5% divided by the Target IPO Price.
All other terms of the Agreement shall remain the same.
Sincerely,
Stephen A. Snyder
| Practicare Medical Management, Inc., | Ultimate Medical Management, Inc., | |||
| a New York Corporation | a New York Corporation | |||
| By: | /s/ James Anontacci, Jr | By: | /s/ James Anontacci, Jr. | |
| James N. Antonacci, Jr., | ||||
| an Individual | ||||
| By: | /s/ James Anontacci, Jr | |||
7 Clyde Road, Suite 201, Somerset, NJ 08873 Phone ###-###-#### Facsimile ###-###-#### www.MTBC.com
