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Friday, 09/30/2016 12:17:54 PM

Friday, September 30, 2016 12:17:54 PM

Post# of 380495
$UAHC small float and filings. Last filing for review

MATERIAL EVENT DISCLOSURE
United American Healthcare Corporation Extends Put Option and Amends Put Price

Chicago, Illinois, September 28, 2016 (OTC Pink Sheets: UAHC) – United American Healthcare Corporation (the “Company”) announced today that on September 27, 2016, it entered into an Eighth Amendment to Voting and Standstill Agreement dated March 19, 2010 (the “Voting and Standstill Agreement”), with St. George Investments, LLC, an Illinois limited liability company (“St. George”), and The Dove Foundation, an Illinois trust (“Dove”). St. George is an affiliate of John M. Fife, who is the President, CEO, Chairman, and controlling shareholder of the Company.

Under the Voting and Standstill Agreement, as amended, St. George and Dove have the right, which may be exercised up to three times during a six-month Put Exercise Period (as defined in the Voting and Standstill Agreement), to cause the Company to purchase all or any portion of their respective shares of the Company’s common stock (“Put Shares”) for a Put Price Per Share (as defined in the Voting and Standstill Agreement) of $1.26. St. George owns 53,413,745 or 76.26%, and Dove owns 9,478,647 or 6.39%, of the 70,042,766 issued and outstanding shares of the Company’s common stock. The total number of Put Shares as of September 27, 2016 is 11,142,392 shares.

In the Eighth Amendment to Voting and Standstill Agreement (the “Eighth Amend-ment”), St. George and Dove have agreed to forbear from exercising their rights to cause the Company to purchase their respective shares of the Company’s common stock, and the Company has agreed to postpone the Put Commencement Date (as defined in the Voting and Standstill Agreement) until April 1, 2017. As a result, the Put Exercise Period will commence on April 1, 2017, and end on September 30, 2017.

In addition, St. George agreed in the Eighth Amendment to accept a Put Price Per Share in the amount of $1.02 for 278,926 of the Put Shares owned by St. George and $0.20112 for 774,151 of the Put Shares owned by St. George, in each case instead of a Put Price Per Share of $1.26, which remains in place for the rest of the Put Shares owned by St. George and for all of the Put Shares owned by Dove.


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