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SECOND AMENDMENT TO CONVERTIBLE SUBORDINATED PROMISSORY NOTES

Convertible Promissory Note

SECOND AMENDMENT TO
CONVERTIBLE SUBORDINATED PROMISSORY NOTES | Document Parties: ORION HEALTHCORP INC | Brantley Partners IV, LP You are currently viewing:
This Convertible Promissory Note involves

ORION HEALTHCORP INC | Brantley Partners IV, LP

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Title: SECOND AMENDMENT TO CONVERTIBLE SUBORDINATED PROMISSORY NOTES
Governing Law: Georgia     Date: 11/9/2006
Industry: Healthcare Facilities     Sector: Healthcare

SECOND AMENDMENT TO
CONVERTIBLE SUBORDINATED PROMISSORY NOTES, Parties: orion healthcorp inc , brantley partners iv  lp
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Exhibit 10.1 SECOND AMENDMENT TO
CONVERTIBLE SUBORDINATED PROMISSORY NOTES
THIS SECOND AMENDMENT TO CONVERTIBLE SUBORDINATED PROMISSORY NOTES (this "Amendment") is made and entered into as of August 8, 2006 by and between Orion HealthCorp, Inc., a Delaware corporation (the "Company"), and Brantley Partners IV, L.P. ("Payee"). WHEREAS, on June 1, 2005 the Company issued to Payee that certain Convertible Subordinated Promissory Note in the original principal amount of $1,025,000 due April 19, 2006 (the "First Note"); WHEREAS, on June 1, 2005 the Company issued to Payee that certain Convertible Subordinated Promissory Note in the original principal amount of $225,000 due April 19, 2006 (the "Second Note" and collectively with the First Note, the "Notes"); WHEREAS, on May 9, 2006, the Company and Payee entered into that certain First Amendment to Convertible Subordinated Promissory Notes, which extended the maturity date for the Notes to August 15, 2006; and WHEREAS, the Company and Payee desire to further amend the Notes on the terms and conditions set forth herein. NOW, THEREFORE, in consideration of the

 
 
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