Exhibit 10.31
Amended Employment Agreement
dated August 19, 1999 between
UCI Medical Affiliates of South Carolina, Inc.
and ▇.▇. ▇▇▇▇▇▇▇▇▇, III, M.D.
STATE OF SOUTH CAROLINA ) AMENDED EMPLOYMENT AGREEMENT
) BETWEEN UCI MEDICAL
AFFILIATE OF SOUTH CAROLINA, INC. AND
COUNTY OF RICHLAND ) ▇.▇. ▇▇▇▇▇▇▇▇▇, III, M.D.
UCI Medical Affiliates of South Carolina, Inc., a South
Carolina corporation ("UCI" or "Employer"), has entered into an Employment
Agreement dated October 1, 1995 ("Agreement") with ▇.▇. ▇▇▇▇▇▇▇▇▇, III, M.D.
("▇▇▇▇▇▇▇▇▇"), whereby ▇▇▇▇▇▇▇▇▇ is employed to serve as President and Chief
Executive Officer of Employer for a term commencing October 1, 1995, and ending
October 1, 2000. Employer and ▇▇▇▇▇▇▇▇▇ desire to amend the Agreement to extend
the term and modify the termination procedures thereof and to restate the
Agreement, as amended, in its entirety. Accordingly, the parties have entered
into this Amended Employment Agreement Between UCI Medical Affiliates of South
Carolina, Inc. and ▇. ▇. ▇▇▇▇▇▇▇▇▇, III, M.D., to be effective as of this 19TH
day of August, 1999.
1. Employment. UCI hereby agrees to employ ▇▇▇▇▇▇▇▇▇ to perform the
duties described in Section 3 below subject to and in accordance with the terms
and conditions hereof, and ▇▇▇▇▇▇▇▇▇ hereby accepts such employment.
2. Term. The employment shall commence on the date hereof, and shall
continue through August 19, 2004, unless earlier terminated in accordance with
the provisions of Section 8 of this Agreement.
3. Duties of ▇▇▇▇▇▇▇▇▇.
A. In accepting employment by UCI, ▇▇▇▇▇▇▇▇▇ shall undertake
and assume the responsibility of performing for and on behalf of UCI the duties
of the President and Chief Executive Officer of UCI in Columbia, South Carolina.
Except with his written consent, ▇▇▇▇▇▇▇▇▇ shall not be permanently assigned to
(i) any position of lower professional status, or (ii) a location outside of
Richland or Lexington Counties, South Carolina.
B. Other than ▇▇▇▇▇▇▇▇▇'▇ duties as an employee of Doctor's
Care, P.A., ▇▇▇▇▇▇▇▇▇ shall be a full-time employee of UCI, and shall devote his
full working time and efforts to his duties hereunder. ▇▇▇▇▇▇▇▇▇ shall perform
all of his duties hereunder to the best of his ability and shall not, directly
or indirectly, engage or participate in any activities in conflict with the best
interests of UCI. Without limiting the generality of the foregoing, ▇▇▇▇▇▇▇▇▇
shall not engage in any activity for compensation or pecuniary gain other than
his employment hereunder, his association with Doctor's Care, P.A., and passive
investing for the account of himself or members of his household. ▇▇▇▇▇▇▇▇▇
agrees that his total compensation for his service to UCI shall be described in
Section 4 of this Agreement.
▇▇▇▇▇▇▇▇▇ has entered into a separate Employment Agreement with
respect to his association with Doctor's Care, P.A. His compensation for
services to Doctor's Care, P.A. is described in Section 4 of that Agreement.
▇▇▇▇▇▇▇▇▇ agrees that his total compensation for his service to Doctor's Care,
P.A. is set forth in Section 4 of that Agreement.
4. Compensation. As compensation for the services to be rendered by
▇▇▇▇▇▇▇▇▇ for UCI under this Agreement, ▇▇▇▇▇▇▇▇▇ shall be compensated by UCI on
the following basis:
A. Base Salary. During the term of this Agreement, ▇▇▇▇▇▇▇▇▇
shall receive from UCI an annual salary of One Hundred Fifty-Seven Thousand Five
Hundred and no/100 ($157,500), payable in pay periods as determined by UCI, but
in no event less frequently than monthly, subject to an annual increase upon
approval by the Board of Directors.
B. Dues. During the term of this Agreement, UCI shall pay all
dues of ▇▇▇▇▇▇▇▇▇ as a member of one private club not to exceed Five Hundred
Dollars and No/100 ($500.00) per month for the purpose of entertainment of UCI's
clients in connection with the performance of ▇▇▇▇▇▇▇▇▇'▇ duties.
C. Vacation. During the term of this Agreement, ▇▇▇▇▇▇▇▇▇
shall be entitled to a total of thirty (30) business days of paid leave to
attend conventions and professional meetings and vacation time each calendar
year. Such vacation and leave days are to be taken at such time or times as
▇▇▇▇▇▇▇▇▇ may reasonably request, subject to UCI's convenience and prior
approval, which approval shall not be unreasonably withheld. Vacation and leave
time may cumulate year-to-year up to a maximum of 60 days.
D. Automobile. During the term of this Agreement, UCI shall provide to
▇▇▇▇▇▇▇▇▇ the ----------- use of one (1) automobile.
E. Reimbursement for Expenses. During the term of this
Agreement, UCI shall reimburse ▇▇▇▇▇▇▇▇▇ for all reasonable expenses in an
aggregate amount equal to, or less than Seven Thousand Five Hundred Dollars and
No/100 ($7,500.00) per annum incurred by ▇▇▇▇▇▇▇▇▇ for the benefit of UCI in the
performance of his duties hereunder. Reimbursement for aggregate expenses each
calendar year in excess of such amount shall require the prior written approval
of the Board of Directors of UCI.
F. Other Benefits. During the term of ▇▇▇▇▇▇▇▇▇'▇ employment
with UCI, ▇▇▇▇▇▇▇▇▇ shall receive from UCI such other benefits (e.g. health
insurance coverage, life insurance coverage, participation in pension plans, and
participation in stock option plans, etc.) reasonably comparable to, and no
worse than, those benefits, if any, generally provided to other senior
executives of UCI. Additionally, during his employment with UCI, ▇▇▇▇▇▇▇▇▇ will
be provided at UCI's costs, with a term life insurance policy that at the time
of ▇▇▇▇▇▇▇▇▇'▇ death will pay One Million Dollars ($1,000,000) to his spouse or
other designated beneficiary(s).
G. Incentive Bonus. On or about the end of UCI's fiscal year,
the Board shall determine what, if any, Incentive Bonus payment shall be made to
▇▇▇▇▇▇▇▇▇. This Incentive Bonus payment, if any, shall be based on two
variables: UCI's Net Income (Loss) for the previous fiscal year and the Gross
Revenue for the same year, as set forth in Addendum A, which is attached hereto.
The attached Addendum specifies the total Incentive Bonus, if any, to be paid to
▇▇▇▇▇▇▇▇▇ under differing scenarios based on UCI's Net Income (Loss) and Gross
Revenue for the previous year. The Board, in making its decision as to what, if
any, Incentive Bonus shall be paid to ▇▇▇▇▇▇▇▇▇, shall be governed by Addendum
A, and shall have no authority to alter or deviate from the amount, if any, of
the Inventive Bonus payment mandated by the Net Income/Gross Revenues grid in
Addendum A. In the event UCI pays ▇▇▇▇▇▇▇▇▇ an Incentive Bonus, payment shall be
in the form of cash.
H. Discretionary Bonus. On or about the end of UCI's fiscal
year, the Board shall, in its sole discretion, determine whether or not
▇▇▇▇▇▇▇▇▇ is to be awarded a discretionary bonus, not to exceed 10% of his
annual base salary. This Discretionary Bonus, if any, shall be in addition to,
and distinct from any other compensation or bonus payment to ▇▇▇▇▇▇▇▇▇,
provided, however, nothing contained herein shall be construed in any way to
obligate UCI to pay a Discretionary Bonus to ▇▇▇▇▇▇▇▇▇. The factors to be
reviewed by the Board in determining whether or not a Discretionary Bonus, if
any, shall be paid to ▇▇▇▇▇▇▇▇▇ shall include the following:
1. ▇▇▇▇▇▇▇▇▇'▇ ability and success in recruiting and retaining quality
physicians.
2. ▇▇▇▇▇▇▇▇▇'▇ ability and success in recruiting and retaining
a quality senior management team.
3. ▇▇▇▇▇▇▇▇▇'▇ ability and success in positioning UCI for
implementation of managed care.
4. ▇▇▇▇▇▇▇▇▇'▇ ability and success in developing a long-term strategic plan
for UCI.
In the event UCI pays ▇▇▇▇▇▇▇▇▇ a Discretionary Bonus, payment shall be in the
form of cash.
5. Confidentiality and Secrecy. ▇▇▇▇▇▇▇▇▇ acknowledges that in and
as a result of his employment hereunder, he will be making use of, acquiring,
and/or adding to confidential information of a special and unique nature and
value relating to UCI business, including without limitation technological
know-how, copyrights, proprietary information, trade secrets, systems,
procedures, manuals, confidential reports, records, operational expertise, lists
of customers and projects, the nature and type of services rendered by UCI, the
equipment and methods used and preferred by UCI customers, and the fees paid by
inducement to UCI to enter into this Agreement and to pay to ▇▇▇▇▇▇▇▇▇ the
compensation stated in Section 4 herein, ▇▇▇▇▇▇▇▇▇ covenants and agrees that
during the term of his employment hereunder, and for five (5) years after the
termination thereof, he shall not, directly or indirectly, make use of, or
disclose to any person, any confidential information of UCI or its affiliates.
▇▇▇▇▇▇▇▇▇ agrees that he will never disclose trade secrets of UCI and assigns
his rights to confidential information as "work made for hire" to UCI.
6. Covenants Against Competition. In view of the unique value to
UCI of the services of ▇▇▇▇▇▇▇▇▇ for which UCI has contracted hereunder, because
of the confidential information to be obtained by or disclosed to ▇▇▇▇▇▇▇▇▇, as
herein above set forth, and because ▇▇▇▇▇▇▇▇▇'▇ employment hereunder will result
in ▇▇▇▇▇▇▇▇▇'▇ development of a unique relationship with customers, suppliers
and employees as a material inducement to UCI to enter into this Agreement and
to pay to ▇▇▇▇▇▇▇▇▇ the compensation stated in Section 4 hereof, ▇▇▇▇▇▇▇▇▇
covenants and agrees as follows:
A. During ▇▇▇▇▇▇▇▇▇'▇ employment hereunder, and for a period
of two (2) years after the termination of ▇▇▇▇▇▇▇▇▇'▇ employment hereunder for
any reason, ▇▇▇▇▇▇▇▇▇ shall not directly or indirectly solicit or divert
employment of any employee of UCI's business or employ any person previously
employed by UCI or its affiliates.
B. During ▇▇▇▇▇▇▇▇▇'▇ employment hereunder, and for a period
of two (2) years after the termination of ▇▇▇▇▇▇▇▇▇'▇ employment whereunder for
any reason, ▇▇▇▇▇▇▇▇▇ shall not directly or indirectly solicit, divert, or
convert, or assist another person or entity to solicit, divert or convert, the
customers of UCI or its affiliates to any other company or entity.
C. During ▇▇▇▇▇▇▇▇▇'▇ employment hereunder, and for a period
of two (2) years after the termination of ▇▇▇▇▇▇▇▇▇'▇ employment with UCI,
▇▇▇▇▇▇▇▇▇ shall not within the geographic area specified below engage in any
business or perform any services, directly or indirectly, in competition with
the business of UCI or its affiliates or have any interest, whether as a
proprietor, partner, employee, stockholder (directly or beneficially),
principal, agent, consultant, director, officer or in any other capacity or
manner whatsoever, in any enterprise that shall so engage, except that ▇▇▇▇▇▇▇▇▇
shall be permitted to own for investment purposes only, directly or
beneficially, up to (but not more than) 2% in the aggregate of the stock of a
competing corporation which is publicly-traded on a national stock exchange or
the NASDAQ National Market System, so long as ▇▇▇▇▇▇▇▇▇ is not a controlling
person of, or a member of a group that controls, such corporation and ▇▇▇▇▇▇▇▇▇
is not otherwise affiliated in any capacity with such corporation. The
restrictions to this Section 6(C) shall apply everywhere within a five (5) mile
radius of (i) any primary or urgent care facility owned or operated by UCI or an
affiliate, and (ii) each other location where UCI or any affiliate maintains an
office, in existence as of the date of such termination.
7. Reasonableness, Enforceability and Remedies.
▇. ▇▇▇▇▇▇▇▇▇ has carefully read and considered the provisions
of Section 5, 6 and 7, and, having done so, agrees that the restrictions set
forth in these Sections, including, but not limited to, the time period of
restriction and geographic limitations set forth in Section 6, are fair and
reasonable and are reasonably required for the protection of the interest of UCI
and its officers, directors, shareholders, employees, and affiliates.
B. In the event that, notwithstanding the foregoing, any of
the provisions of Sections 5, 6 and 7 hereof or any parts thereof shall be held
to be invalid or unenforceable, the remaining provisions or parts thereof shall
nevertheless continue to be valid and enforceable as though the invalid or
unenforceable portions or parts had not been included therein. In the event that
any provision of Sections 5 and 6 hereof relating to the time period and/or
geographic restrictions and/or related aspects shall be declared by a court of
competent jurisdiction to exceed the maximum restrictiveness such court deems
reasonable and enforceable, the time period and/or geographic restrictions
and/or related aspects deemed reasonable and enforceable by the court shall
become and thereafter be the maximum restriction in such regard, and the
restriction shall remain enforceable to the fullest extent deemed reasonable by
such court.
▇. ▇▇▇▇▇▇▇▇▇ acknowledges that the services he is to render
are of a special and unusual character with a unique value to UCI and its
affiliates, the loss of which cannot adequately be compensated by damages in an
action at law. In the event of a breach or threatened breach by ▇▇▇▇▇▇▇▇▇ of any
of the provisions of Section 5 or 6 hereof, UCI or its affiliates, in addition
to and not in limitation of, any other rights, remedies, or damages available to
UCI or its affiliates under this Agreement, shall be entitled to a permanent
injunction in order to prevent or restrain any such breach by ▇▇▇▇▇▇▇▇▇ or by
▇▇▇▇▇▇▇▇▇'▇ partners, agents, representatives, servants, employees, consulting
clients, and/or any and all persons directly or indirectly acting for or with
him.
▇. ▇▇▇▇▇▇▇▇▇ covenants and agrees that if he shall violate any
of his covenants or agreements under Section 5 or 6 hereof, UCI or its
affiliates shall be entitled to: (i) an accounting and repayment of all profits,
compensation, commissions, remuneration, or other benefits that ▇▇▇▇▇▇▇▇▇
directly or indirectly has realized and/or may realize as a result of, growing
out of, or in connection with, any such violation; (ii) recover actual damages
incurred by UCI or its affiliates as a result of any such violation; (iii) any
injunctive relief to which UCI or its affiliates is or may be entitled by law,
in equity, or under this Agreement; and (iv) exercise its other rights
respecting a breach of this Agreement as set forth herein.
▇. ▇▇▇▇▇▇▇▇▇'▇ obligations under Section 5 and 6 hereof shall survive any
termination --------------- of employment hereunder.
8. Termination
A. For Cause by UCI. Notwithstanding any other provisions
hereof, UCI may terminate ▇▇▇▇▇▇▇▇▇'▇ employment under this Agreement
immediately at any time for "cause". For purposes hereof the term "cause" shall
be limited to the commission of any of the following by ▇▇▇▇▇▇▇▇▇: dishonesty;
theft; unethical business conduct; indictment for a felony; willful failure to
perform material duties on behalf of UCI; violation of the terms and provisions
of this Agreement; willful or recurring insubordination; failure to attempt, in
good faith, to comply with reasonable instructions of UCI; ▇▇▇▇▇▇▇▇▇'▇ license
to practice medicine in the State of South Carolina is revoked or otherwise
terminated; or ▇▇▇▇▇▇▇▇▇ fails to follow accepted medical practices or is guilty
of misconduct under the principles of medical ethics of the American Medical
Association. If the termination is for "cause," all compensation (including
without limitation the Base Salary, and all perquisites and fringe benefits) to
which ▇▇▇▇▇▇▇▇▇ would otherwise be entitled shall be discontinued and forfeited
as of the effective date of such termination.
B. Without Cause by UCI. UCI may terminate this Agreement
"without cause" at any time upon written notice to ▇▇▇▇▇▇▇▇▇. In the event that
▇▇▇▇▇▇▇▇▇ is terminated without cause from his position as President of Doctor's
Care, P.A. ("Doctor's Care") or as President and Chief Executive Officer of
Employer, Doctor's Care and Employer shall pay ▇▇▇▇▇▇▇▇▇ a lump sum severance
payment of Nine Hundred Thousand Dollars and no/100 ($900,000.00). All other
compensation (including without limitation any perquisites and fringe benefits,
if any) to which ▇▇▇▇▇▇▇▇▇ would otherwise be entitled (for periods after the
effective date of such termination) shall be discontinued and forfeited as of
the effective date of such termination. In no event shall the total amount
payable by Employer and Doctor's Care, jointly or severally, under this
Paragraph 8(B) and/or under Paragraph 8(E) of the Second Amended Employment
Agreement between ▇▇▇▇▇▇▇▇▇ and Doctor's Care exceed the sum of Nine Hundred
Thousand Dollars and No/100 ($900,000.00)
C. Termination by ▇▇▇▇▇▇▇▇▇. ▇▇▇▇▇▇▇▇▇ may with or without
cause terminate this Agreement upon (60) days prior written notice to UCI. In
the event of such termination, all compensation (including without limitation
the Base Salary and any prerequisites and fringe benefits, if any) to which
▇▇▇▇▇▇▇▇▇ would otherwise be entitled (for periods after the effective date of
the termination) shall be discontinued and forfeited as of the effective date of
such termination.
D. Disability. In the event of ▇▇▇▇▇▇▇▇▇'▇ disability during
employment under this Agreement, then employment under this Agreement shall
terminate. For purposes of this Agreement, except as provided herein below,
"disability" shall mean the inability of ▇▇▇▇▇▇▇▇▇, due to sickness or other
incapacity, to perform his duties under his Agreement for a period in excess of
one hundred and eighty (180) substantially consecutive days. Such termination
shall become effective at UCI's election upon the expiration of such one hundred
and eighty (180) day period of disability. Upon termination of employment under
this Agreement due to ▇▇▇▇▇▇▇▇▇'▇ disability, ▇▇▇▇▇▇▇▇▇ shall be entitled to
payment of his Base Salary up to the date of termination.
E. Death. In the event ▇▇▇▇▇▇▇▇▇ dies during this term of this
Agreement, this Agreement shall terminate and UCI shall pay to ▇▇▇▇▇▇▇▇▇'▇
estate all Base Salary accrued but unpaid through the date of ▇▇▇▇▇▇▇▇▇'▇ death.
F. Personal Guarantee Assumption in the Event of Termination.
In the event of ▇▇▇▇▇▇▇▇▇'▇ termination by Employer under any circumstances,
Employer shall assume any and all liabilities that ▇▇▇▇▇▇▇▇▇ has personally
guaranteed for the benefit of Employer. Said guarantee assumption shall take
place within thirty (30) days of ▇▇▇▇▇▇▇▇▇'▇ termination. If Employer fails to
assume any and all liabilities personally guaranteed by ▇▇▇▇▇▇▇▇▇ for the
benefit of Employer within thirty (30) days of termination, Employer shall pay
▇▇▇▇▇▇▇▇▇ One Thousand Dollars and no/100 ($1,000.00) per day starting on the
30th day after termination, and each day thereafter until Employer assumes such
liabilities. The outstanding liabilities personally guaranteed by ▇▇▇▇▇▇▇▇▇ for
the benefit of Employer as of the date hereof are listed on the attached
Schedule ▇. ▇▇▇▇▇▇▇▇▇ shall seek approval from Employer's Board of Directors
before making any future guarantees for the benefit of Employer in excess of
Twenty-Five Thousand Dollars and no/100 ($25,000.00). In addition, ▇▇▇▇▇▇▇▇▇
shall provide Employer's Board of Directors prompt written notice of any future
guarantees involving Twenty-Five Thousand Dollars and no/100 ($25,000.00) or
less.
9. Burden of Benefit. This Agreement shall be binding upon, and
shall inure to the benefit of UCI, ▇▇▇▇▇▇▇▇▇, UCI's affiliates, and their
respective heirs, personal and legal representatives, successors, and assigns.
10. Assignment. This Agreement and any rights hereunder are personal to
▇▇▇▇▇▇▇▇▇ and shall not be assigned or otherwise transferred by ▇▇▇▇▇▇▇▇▇.
11. Governing Law/Jurisdiction. The construction and
interpretation of this Agreement shall at all times and in all respects be
governed by the laws of the State of South Carolina. ▇▇▇▇▇▇▇▇▇ and UCI hereby
(i) agree that any litigation, action or proceeding arising out of or relating
to this Agreement may be instituted in a state or federal court in Columbia,
South Carolina, (ii) waive any objection which they might have now or
hereafter to any litigation, action or proceeding based upon improper venue or
inconvenient forum, and (iii) irrevocably submit to the jurisdiction of such
courts in any such litigation, action or proceeding. For all purposes of this
Agreement, ▇▇▇▇▇▇▇▇▇ and UCI hereby further agree that service of process upon
▇▇▇▇▇▇▇▇▇ and UCI may be effected pursuant to United States mail.
12. Usage. The section and paragraph headings contained in this
Agreement are for reference purposes only and shall not affect in any way the
meaning or interpretation of this Agreement. Terms such as "hereof", "herein",
and words of similar import shall refer to this Agreement in its entirety and
all references shall refer to specified portions of this Agreement, unless the
context clearly requires otherwise.
13. Severability. The provisions of this Agreement shall be deemed
severable, and the invalidity or unenforceability of any one or more of the
provisions of this Agreement shall not affect validity and enforceability of the
other provisions.
14. Notice. Any notice, request, approval, consent, demand or
other communication hereunder shall be effective if in writing and upon the
first to occur of the following: (i) upon receipt by the party to whom such
notice, request, approval, consent, demand or other communications being given;
or (ii) three (3) business days after being duly deposited in the U. S. Mail,
certified, return receipt requested, and addressed as follows:
▇▇▇▇▇▇▇▇▇ ▇. ▇. ▇▇▇▇▇▇▇▇▇, III, M. D.
UCI Medical Affiliates, Inc.
Doctor's Care, P.A.
▇▇▇▇ ▇▇▇▇ ▇▇., ▇▇▇. ▇▇▇▇ (MC1105)
Columbia, S.C. 29201
With a copy to: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, Esq.
Duff, Dubberly, Turner, White & ▇▇▇▇▇▇, L.L.C.
P. O. Box 1486
Columbia, S.C. 29202
UCI: UCI Medical Affiliates of South Carolina, Inc.
Doctor's Care, P.A.
▇▇▇▇ ▇▇▇▇ ▇▇., ▇▇▇. ▇▇▇▇ (MC1105)
Columbia, S.C. 29201
With a copy to: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, III, Esq.
Gibbes, Gallivan, White & ▇▇▇▇, P.A.
P. O. ▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇
The parties hereto may change their respective addresses by notice in writing
given to the other parties of this Agreement.
15. Entire Agreement. This Agreement contains the entire agreement
and understanding by and between UCI and ▇▇▇▇▇▇▇▇▇ with respect to the
employment of ▇▇▇▇▇▇▇▇▇, and no representations, promises, agreements, or
understandings, written or oral not contained herein shall be of any force or
effect. No change or modification of this Agreement shall be valid or binding
unless it is in writing and signed by the party intended to be bound. No waiver
of any provision of this Agreement shall be valid unless it is in writing and
signed by the party against whom the waiver is sought to be enforced. No valid
waiver of any provision of this Agreement at any time shall be deemed a waiver
of any other provision of this Agreement at such time or at any other time.
IN WITNESS WHEREOF, UCI and ▇▇▇▇▇▇▇▇▇ have duly executed this
Agreement under seal to be effective as of the day and year first above written.
IN THE PRESENCE OF: UCI:
/s/ ▇▇▇▇▇ ▇. ▇▇▇▇ UCI MEDICAL AFFILIATES OF SOUTH
Witness CAROLINA, INC. (SEAL)
/s/ M. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Witness Its: Director, HHC
▇▇▇▇▇▇▇▇▇:
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ /s/ ▇.▇. ▇▇▇▇▇▇▇▇▇, III, M.D. (SEAL)
Witness ▇.▇. ▇▇▇▇▇▇▇▇▇, III, M.D.
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Witness
SCHEDULE A
Outstanding Liabilities Personally Guaranteed By ▇▇▇▇▇▇▇▇▇
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Lender Remaining Term Balance at 5/31/99
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Carolina First 54 months $ 450,000
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AT&T Leasing 9 months 10,000
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