AMENDMENT NO. 2 TO CONSULTING SERVICES AGREEMENT
EXHIBIT
10.14
AMENDMENT
NO. 2 TO
This
Second Amendment to Consulting Services Agreement ("Second Amendment") is dated
January 16, 2008 and effective as of February 1, 2008 (“Second Amendment Effective Date”), to
Consulting Services Agreement dated September 15, 2005 and First Amendment
thereto dated and Effective January 1, 2007 (Consulting Services Agreement and
First Amendment thereto are collectively referred to herein as the “Agreement”), between Hythiam,
Inc., a Delaware corporation (“Hythiam”) and Xxxxx X. Xxxxx,
& Associates, a California professional corporation (“Consultant”).
The
parties desire to further amend the Agreement to provide for a change in
Consultant's compensation effective February 1, 2008.
Accordingly,
the Parties agree as follows:
1. Modification of
Agreement. The Agreement is hereby amended by replacing the
previously amended amount $4,167 in Section 3, to $2,500, and compensation for ½
day or full day Services of Consultant authorized by Hythiam all as provided
with the following:
“Compensation. Effective
as of the Second Amendment Effective Date, and during the Term thereafter (as
defined in Section 5 of this Agreement) Hythiam will compensate Consultant with
a fee payable on or about the 15th of each
month in arrears in respect of the monthly period just ended, as
follows: a) a fixed monthly fee of $2,500; and b) for any additional
Services requested of Consultant under this Agreement and authorized in advance
in writing by Hythiam, $800 per each ½ day of such authorized Service and $1,600
for each full day of such authorized Service. Consultant acknowledges
that such fee or fees will constitute payment in full for all Services rendered
and the performance by Consultant of all of its other obligations
hereunder.”
2. Defined
Terms. Capitalized terms that are used and not otherwise
defined in this Amendment have the respective meanings ascribed thereto in the
Agreement.
3. Continuing
Effectiveness. Except as amended by this Second Amendment, the
Agreement, as modified hereby, remains in full force and effect in accordance
with all other of the respective terms and conditions thereof.
IN
WITNESS WHEREOF, the Parties have executed this Amendment, in each case, by its
duly appointed officer empowered so to act, all as of the date first above
written.
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Xxxxx
X. Xxxxx & Associates
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Hythiam,
Inc.
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/s/
XXXXX X. XXXXX, M.D.
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By:
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/s/
XXXXXXX XXXXXXXXX
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Xxxxx
X. Xxxxx, M.D.
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Xxxxxxx
XxXxxxxxx
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President
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Senior
Executive Vice
President
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