Exhibit 10.5
THIRD AMENDMENT TO THE
MANAGEMENT SERVICES AGREEMENT DATED APRIL 1, 2003
AND AMENDED ON NOVEMBER 1, 2003
AND ON MARCH 1, 2004
BETWEEN ADVANCED IMAGING SYSTEMS, LLC AND
THE PARK VIEW GROUP
ADVANCED IMAGING SYSTEMS, LLC (THE "COMPANY"), a Delaware limited liability
company having its principal place of business in Ft. Lauderdale, Florida and
THE PARKVIEW GROUP, INC. ("Parkview"), a Delaware corporation having its
principal place of business in Boca Raton, Florida, hereby agree to amend the
Management Services Agreement (the "Agreement") dated April 1, 2003 and
previously amended on November 1, 2003 and March 1, 2004 between them as
follows:
4. Remuneration. The consideration to be paid by the Company to Parkview
for services rendered hereunder shall be as follows: The Company shall pay
Parkview a cash retainer of $4,000 per month, payable each month in four (4)
equal weekly installments of $1,000 each, commencing January 3, 2005 and
continuing through the term of this Agreement, plus reimbursement of all
reasonable expenses, as provided for in paragraph 5. of this Agreement.
5. Reimbursement of Expenses. The Company shall reimburse Parkview for its
out-of-pocket expenses incurred in the performance of its services hereunder.
However, each expense exceeding $100.00 shall require prior approval by the
Company.
IN WITNESS WHEREOF, the Company and Parkview have executed this Amendment as of
January 3, 2005.
ADVANCED IMAGING SYSTEMS, LLC
By: /s/ C. XXX XXXXX
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C. Xxx Xxxxx, The Manager
THE PARKVIEW GROUP, INC.
By: /s/ XXXXXX X. XXXXXX
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Xxxxxx X. XxXxxx, President
