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Re: Mutual Termination of Stock Purchase Agreement

Termination Agreement

Re: Mutual Termination of Stock Purchase Agreement | Document Parties: HEALTHSPRING, INC. You are currently viewing:
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HEALTHSPRING, INC.

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Title: Re: Mutual Termination of Stock Purchase Agreement
Date: 11/3/2006
Law Firm: Bass Berry    

Re: Mutual Termination of Stock Purchase Agreement, Parties: healthspring  inc.
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NEWQUEST, LLC
NEWQUEST MANAGEMENT OF FLORIDA, LLC
44 VANTAGE WAY
SUITE 300
NASHVILLE, TENNESSEE 37228

November 1, 2006

America’s Health Choice Medical Plans, Inc.
1175 South U.S. Highway 1
Vero Beach, Florida 32962
Attention: Dr. Walter Janke, Chief Executive Officer

Dr. Walter Janke
2136 Porpoise Point Lane N.
Vero Beach, Florida 33963

      Re: Mutual Termination of Stock Purchase Agreement

Dear Dr. Janke:

     Reference is made to the Stock Purchase Agreement, dated May 30, 2006 (the “Purchase Agreement”), by and among Dr. Walter Janke and Lalita Janke, America’s Health Choice Medical Plans, Inc., a Florida corporation (“AHC”), and NewQuest, LLC, a Texas limited liability company (“NewQuest”). As you are aware, the parties have been unable to reach agreement concerning resolution of certain issues arising from NewQuest’s due diligence investigation of the operations of AHC and its medical clinic affiliates on a timetable acceptable to all of the parties. This letter constitutes the mutual agreement of the parties to terminate the Purchase Agreement in accordan


 
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