EX-10.51 9 dex1051.htm SUNLINK HEALTH SYSTEMS, INC. DISCLOSURE SunLink Health Systems, Inc. Disclosure

EXHIBIT 10.51

 

PARENT DISCLOSURE SCHEDULE

 

This Parent Disclosure Schedule has been prepared and delivered in accordance with that certain Agreement and Plan of Merger, dated as of October 15, 2002 (the “Agreement”), by and among SunLink Health Systems, Inc., an Ohio corporation (“SunLink” or “Parent”), HM Acquisition Corp., a Delaware corporation (“Merger Sub”), on the one hand, and HealthMont, Inc., a Tennessee corporation (the “Company”), on the other hand. Unless the context otherwise requires, terms that are not defined in this Parent Disclosure Schedule shall have the meanings set forth in the Agreement. The Parent Disclosure Schedule is qualified in its entirety by reference to specific provisions of the Agreement.


Section 1.6(a)

 

Consideration for Termination of Director Consulting Agreements

 

Parent shall issue an aggregate of 35,000 Parent Shares to the following individuals as indicated below in connection with the Consulting Termination Agreements:

 

Name


   Number of
Parent Shares


Kay L. Brown

   5,000

Gene E. Burleson

   5,000

E. Thomas Chaney

   5,000

Jay M. Haft

   5,000

Joel S. Kanter

   5,000

Richard E. Ragsdale

   5,000

Arlen B. Reynolds

   5,000
    
     35,000

 

 

Section 1.6(b)

 

Consideration for LOC Agreements

 

Parent shall issue an aggregate of 60,000 Parent Shares to the following individuals as indicated below in connection with the LOC Agreements:

 

Name


   Number of
Parent Shares


Gene E. Burleson

   7,273

E. Thomas Chaney

   14,545

Chicago Private Investments

   18,182

Timothy S. Hill

   1,818

Richard E. Ragsdale

   18,182
    
     60,000


Executed as of this 15th day of October, 2002.

 

SUNLINK HEALTH SYSTEMS, INC.

 

 

By: Robert M. Thornton, Jr.

 

Its: President and CEO