Exhibit 10.1
THIRD AMENDMENT
TO
BUSINESS COMBINATION AGREEMENT
This Third Amendment to Business Combination Agreement (the “Amendment”) is effective as of April 23, 2021, by and among UpHealth Holdings, Inc., a Delaware corporation (“Holdings”), GigCapital2, Inc., a Delaware corporation (“GigCapital2”) and UpHealth Merger Sub, Inc., a Delaware corporation (“Merger Sub, ” and together with Holdings and GigCapita12, the “Parties, ” and individually, a “Party”). Certain capitalized terms used in this Amendment and not otherwise defined herein shall have the meaning ascribed to such terms in the BCA (as defined below).
RECITALS
WHEREAS, Holdings, GigCapital2 and Merger Sub are parties to that certain Business Combination Agreement, dated as of November 20, 2020 (as subsequently amended on January 29, 2021 and on March 23, 2021, the “BCA”), pursuant to which Holdings intends to merge with Merger Sub, with Holdings surviving the merger as a wholly owned subsidiary of GigCapital2; and
WHEREAS, Holdings, GigCapital2 and Merger Sub desire to amend Section 9.01(b) of the BCA to extend the Outside Date (as defined in the BCA) to June 10, 2021.
AGREEMENT
NOW, THEREFORE, in consideration of the premises and the mutual promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:
1. Recitals. The above recitals are hereby incorporated by reference into this Amendment as if set forth in full in the body hereof and each Party represents and warrants that, as to it, said recitals are true and accurate.
2. Amendment. The Parties hereby amend and restate Section 9.01(b) of the BCA in its entirety to read as follows:
“(b) by either GigCapital2 or the Company if the Effective Time shall not have occurred prior to June 10, 2021 (the “Outside Date”); provided, however, that this Agreement may not be terminated under this Section 9.01(b) by or on behalf of any party that either directly or indirectly through its affiliates is in breach or violation of any representation, warranty, covenant, agreement or obligation contained herein and such breach or violation is the principal cause of the failure of a condition set forth in Article VIII on or prior to the Outside Date; or”
3. Interpretation. The terms of Section 1.03 of the BCA are hereby incorporated into this Amendment by reference.
4. BCA Provisions. Except as specifically amended by this Amendment, all of the terms and conditions of the BCA remain in full force and effect and this Amendment shall be governed by, and construed and enforced in accordance with, such terms and conditions. In the event of a conflict between the provisions of this Amendment and the provisions set forth in the BCA, this Amendment shall control.
