Medicore
Inc.
September 30, 2000
Techdyne, Inc.
0000 Xxxx 00xx Xxxxxx
Xxxxxxx, Xxxxxxx 00000
RE: Service Agreement Extension
Gentlemen:
This letter will confirm our desire to extend the Service Agreement that
was made October 25, 1996 ("Service Agreement") by and between Medicore, Inc.
("Medicore") and Techdyne, Inc. ("Techdyne") for an additional year through
September 30, 2001 ("Extended Term").
Medicore shall continue to provide Techdyne the same administrative and
financial services during the Extended Term under the same terms and each
party shall have the same duties and responsibilities delineated in the
Service Agreement. Techdyne shall pay to Medicore the consideration of Three
Hundred Sixty Thousand Dollars ($360,000) per annum for the services in equal
monthly installments.
This Service Agreement is terminable by either party upon thirty (30) days
written notice.
If this conforms with your understanding, please execute a copy of this
letter indicating your acceptance to the foregoing.
MEDICORE, INC.
/s/ Xxxxxx X. Xxxxxxxx
By:--------------------------------
XXXXXX X. XXXXXXXX,
Chief Executive Officer
Agreed to and accepted by:
TECHDYNE, INC.
/s/ Xxxxx Xxxxxx
By:------------------------------
Xxxxx Xxxxxx, President
