Amendment to Letter Agreement Related to Asset Purchase Agreement Between Premier Research and PHC, Inc. (March 4, 2009)

Contract Categories: Business Finance › Modification Agreements
Summary

This letter agreement, dated March 4, 2009, involves Premier Research International, LLC, its subsidiary, and PHC, Inc. (d/b/a Pioneer Behavioral Health), along with related entities. It clarifies that, despite a recent amendment extending the closing date of their Asset Purchase Agreement to March 13, 2009, the original closing date of February 28, 2009, remains unchanged for the purposes of a separate Letter Agreement between the parties. The document is signed by representatives of both companies.

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EX-10.32 6 exh10_32.htm LETTER AGREEMENT DATED DECEMBER 30, 2008 exh10_32.htm


Exhibit 10.32



March 4, 2009


VIA FACSIMILE (978 ###-###-####)
PHC, Inc. d/b/a Pioneer Behavioral Health
200 Lake Street, Suite 102
Peabody, Massachusetts 01960
Attention:  Bruce A. Shear, President

 
Re:
Letter Agreement dated December 30, 2008 (the “Letter Agreement”) related to Asset Purchase Agreement (the “Agreement”) dated as of January 12, 2009, by and among Premier Research International, LLC, a Delaware limited liability company (“Premier”), Premier Research Arizona, LLC, a Delaware limited liability company and the wholly-owned subsidiary of Premier (the “Purchaser”), Pivotal Research Centers, Inc., a Delaware corporation (“PRC Inc.”), Pivotal Research Centers, LLC, an Arizona limited liability company (“PRC LLC,” and together with PRC Inc., the “Sellers”), and PHC, Inc., a Massachusetts corporation d/b/a Pioneer Behavioral Health and the parent entity of the Sellers (the “Parent”); Outside Closing Date Matters

Dear Bruce:

Pursuant to that certain letter agreement dated March 3, 2009, by and among Premier, Purchaser, the Sellers and Parent (the “First Amendment”), the parties thereto agreed to amend the Outside Closing Date (as defined in the Agreement) by replacing “February 28, 2009” with “March 13, 2009.”  Notwithstanding the foregoing amendment, such date replacement shall not affect the term “Outside Closing Date” in the Letter Agreement, and for the purposes of the Letter Agreement the term “Outside Closing Date” shall remain February 28, 2009.

Sincerely,


/s/     Bernard Gallagher___________
         Bernard Gallagher, Individually


Acknowledged and agreed as a foresaid,
as of the date first written above:
PHC, INC. d/b/a PIONEER BEHAVIORAL HEALTH


By :Paula C. Wurts_________
Its:  CFO


cc:
Peter Macleod, Esq. (via fax; 202 ###-###-####)
Carl J. Erhardt, Esq. (via fax; 404 ###-###-####)
 
 
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