AMENDMENT TO MANAGEMENT SERVICES AGREEMENT
Exhibit
10.2
AMENDMENT
TO MANAGEMENT SERVICES AGREEMENT
This
Amendment to Management Services Agreement (the “Amendment”) is made and entered
into as of August 15, 2007, by and between DRTATTOFF, LLC, a California limited
liability company (“Manager”) and Xxxxxxx Xxxxx, D.O., an individual
("'Physician") with reference to the following facts:
A.
Manager
and Physician entered into that certain Management Services Agreement effective
as of August 31, 2004 (the “MSA”), whereby Manager provides management services
to Physician at 0000 Xxxxxxxx Xxxxxxxxx, Xxxxx 000, Xxxxxxx Xxxxx, Xxxxxxxxxx
(the “Practice Site”).
B.
Manager
and Physician desire to amend the MSA to document that (1) the amount or the
Management Fee has changed: and (2) the term of the Agreement shall be extended.
NOW,
THEREFORE, in consideration of the mutual covenants and agreements contained
herein, the parties agree as follows:
1.
Amendment
of Section 4.a.
The
amount of the “Management Fee," as such term is defined in Section 4.a. of the
MSA has been changed as fol1ows:
a.
From
the commencement date of the MSA through December 31, 2005, the amount of the
Management Fee was 65% of Physician's “Gross Revenues,” as such term is defined
in Section 4.a.;
b.
From
January 1, 2006 through the end of the term of this Agreement, the amount of
the
Management Fee shall be 60% of Physician Gross Revenues.
2.
Amendment
of Section 6.a.
Section
6.a of the MSA shall be amended to read as follows:
“6.
Term
and Termination.
a.
Term.
The
initial term of this Agreement shall be for five (5) years
commencing as of August 31, 2004 and ending on August 30, 2009.”
3.
No Other
Changes. Except as provided herein, all of the provisions, terms and conditions
of the MSA shall remain the same and in full force and effect.
IN
WITNESS WHEREOF, the parties hereto have executed this Amendment to be effective
as of the date first herein above written.
| “MANAGER” | “PHYSICIAN” | |||
| DRTATTOFF, LLC | ||||
| a California limited liability company | ||||
| By: | /s/ Xxxxx Xxxxx | /s/ Xxxxxxx Xxxxx | ||
| Xxxxx Xxxxx, Manager | Xxxxxxx Xxxxx, D.O. | |||
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