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AMENDMENT NO. 3
TO
PROFESSIONAL AND MANAGEMENT SERVICES AGREEMENT AND
LICENSE
THIS AMENDMENT NO.
3 TO PROFESSIONAL AND MANAGEMENT SERVICES AGREEMENT AND LICENSE
(this “Amendment”) is made and entered into effective
as of April 30, 2009 by and between Virtual Radiologic
Professionals, LLC, a Delaware Limited Liability Company
(“VRP” or the “Practice”), Virtual
Radiologic Corporation, a Delaware corporation (“VRC”)
and, for purposes of granting the rights specified under
Section 12.17 of the Agreement to VRC, and agreeing to take
the further actions specified under Section 12.17 of the
Agreement, in each case as such Section is amended hereby, Eduard
Michel, M.D. VRP, VRC and Dr. Michel are referred to herein
each individually as a “party,” and together the
“parties.”
WHEREAS ,
VRP and VRC entered into that certain Professional and Management
Services Agreement and License effective January 1, 2006, as
amended (the “Agreement”);
WHEREAS,
the Practice is a single member limited liability company, and the
parties wish to ensure for an orderly transition of the ownership
of the Practice in certain circumstances to an individual who is
qualified to own the membership units of the Practice.
NOW,
THEREFORE , for and in consideration of the premises and the
mutual covenants and agreements contained herein, and other good
and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, and on the terms and subject to the
conditions herein set forth, the parties have agreed and do hereby
agree as follows:
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1.
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Section 12.17 of the Agreement
is amended and restated to read:
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Section 12.17 Acquisition
Right .
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