from 10-Q
1 page
<page> Exhibit 1 First Amendment to Stock Purchase Agreement Agreement Made This 27th Day of October, 1999, by and Between Ahc Acquisition, Inc, a Pennsylvania Corporation ("Buyer"), and Provident American Corporation ("Seller"). Background A. Buyer End Seller Entered Into a Stock Purchase Agreement Dated August 16, 1999 (The "Agreement"). B. the Parties Are Desirous of Amending the Agreement as Herein Provided. Now, Therefore, for and in Consideration of the Sum of Ten ($10.00) Dollars and Other Good and Valuable Consideration, the Receipt of Which Is Hereby Acknowledged, and Intending to Be Legally Bound, the Parties Hereto Agree as Follows: 1. Section 1.3.l(a) Shall Be Amended to Read in Its Entirety as Follows: "(A) the Approva1 of the Transactions Described Herein by the Boards of Directors and Lenders of Pamco, Pilic, and Buyer." 2. as Herein Amended, the Agreement Is Ratified, Approved and Affirmed. in Witness Whereof, the Parties Hereto Have Placed Their Hands and Seals as of the Day and Year Above First Written. Ahc Acquisition, Inc. By: /S/ Alvin H. Clemens Alvin H. Clemens President Provident American Corporation By: /S/ Michael Ashker Michael Ashker President
