EX-10.60 76 dex1060.htm AMENDMENT AGREEMENT Amendment Agreement

Exhibit 10.60

AMENDMENT AGREEMENT

This agreement (the “Amendment Agreement”) is entered into this 29th day of July, 2010 by and between CareView Communications, Inc., a Nevada corporation (“CareView”) and AFH Holding & Advisory, LLC, a Nevada limited liability company (“AFH”), Mann Equity, LLC, a California limited liability company (“Mann”) and Discovery Medical Investments, LLC, a California limited liability company (“Discovery”).

WHEREAS, the parties entered into a Letter of Intent dated April 13, 2010; and

WHEREAS, the parties desire to amend the Letter of Intent in order to advance a transaction in the Foreign Jurisdiction;

NOW, THEREFORE, for good and valuable consideration, the parties hereto agree as follows:

 

  1. OWNERSHIP OF SPV AND GROSS REVENUE SHARING.

Amend this Item to reflect that the ownership and gross revenue sharing will be as follows:

 

Entity

   Old     Amended  

AFH

   16.7   10.0

Mann

   16.7      10.0   

Discovery

   16.6      10.0   

CareView

   50.0      70.0   
            

Total

   100.0   100.0
            

 

  2. CLOSING.

Amend this Item to change from “the date that is 30 days from and after full execution by all parties of this LOI” to “the later of (i) January 1st 2011 or (ii) 30 days after the completion of beta testing”.

 

  3. CONFIDENTIALITY.

Amend this Item in the last sentence from “72-hours” to “48-hours”.

 

  4. TERMINATION.

Amend this Item in the last sentence from “July 31, 2010” to “the later of (i) January 1st 2011 or (ii) 30 days after the completion of beta testing”.


IN WITNESS WHEREOF, the parties hereto have executed this Amendment Agreement as of the day and year first written above.

 

CAREVIEW COMMUNICATIONS, INC.     DISCOVERY MEDICAL INVESTMENTS, LLC
/s/ Steven G. Johnson     /s/ Robert Sun
By:   Steven G. Johnson     By:   Robert Sun
Its:   President     Its:   President
       
AFH HOLDING & ADVISORY, LLC     MANN EQUITY, LLC
Amir Heshmatpour     /s/ Sean Mann
By:   Amir Heshmatpour     By:   Sean Man
Its:   Managing Director     Its:   Managing Director