Amendment to Placement Agent Agreement between New York Health Care, Inc. and Sterling Financial Investment Group, Inc.

Contract Categories: Business Finance › Modification Agreements
Summary

This amendment, dated February 18, 2005, modifies the Placement Agent Agreement between New York Health Care, Inc. and Sterling Financial Investment Group, Inc. The parties agree to extend the termination date of the agreement and the closing of the minimum offering until February 25, 2005. All other terms of the original agreement remain unchanged. The amendment is effective upon execution by both parties.

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EX-10.3 3 v018836_ex10-3.txt February 18, 2005 Amendment to Placement Agent Agreement Dated November 19, 2004 This letter agreement shall serve as an amendment to the Placement Agent Agreement dated November 19, 2004, as amended (the "Placement Agent Agreement"), between New York Health Care, Inc. (the "Company") and Sterling Financial Investment Group, Inc. ("Sterling"). Sterling and the Company each acknowledge that as of the Expiration Date of the Offering, the escrow agent for the Offering has received funds in excess of the Minimum Offering amount. Prior to the release of those funds in escrow, the parties hereby agree to the following: 1. Sterling and the Company hereby agree to extend the termination date of the Placement Agent Agreement and the Closing of the Minimum Offering until February 25, 2005; and 2. All of the remaining terms and conditions, except as modified hereby, of the Placement Agent Agreement shall remain in full force and effect. 3. Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Placement Agent Agreement In Witness Whereof, the parties have executed this Agreement as of the date first written above. New York Health Care, Inc. Sterling Financial Investment Group, Inc. By: /s/ Jacob Rosenberg By: /s/ Ricardo Rivas ----------------------------- ------------------------------------- Name: Jacob Rosenberg Name: Ricardo Rivas --------------------------- ----------------------------------- Title: COO, CFO Title: Managing Director -------------------------- ----------------------------------