Re: Consulting and Services Agreement between Advanced Aesthetics, Inc. and Johns Hopkins Medicine dated November 23, 2003 and as amended by the First Amendment dated March 23, 2005 (collectively the “Consulting Agreement”); License and Management...
Exhibit 10.15
May 7, 2007
Xx. Xxxxxxx
Xxxxxx
Xxxxx Xxxxxxx Medicine
000 X. Xxxxxxxx
Xxxxx 000
Xxxxxxxxx, XX 00000
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Re: |
Consulting and Services Agreement between Advanced Aesthetics, Inc. and Xxxxx Xxxxxxx Medicine dated November 23, 2003 and as amended by the First Amendment dated March 23, 2005 (collectively the “Consulting Agreement”); |
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License and Management Agreement between Xxxxx Xxxxxxx University and Xxxxxxx Advanced Aesthetics, LLC for the Chevy Chase facility (the “License and Management Agreement”); |
Dear Xx. Xxxxxx:
This letter shall serve as modification to both the Consulting Agreement and the License and Management Agreement.
The Consulting Agreement
Effective April 13, 2007, the Consulting Agreement is terminated. KAA (“KAA” shall refer to Xxxxxxx Advanced Aesthetics, Inc. or any affiliated entity) shall pay Xxxxx Xxxxxxx (“Xxxxx Xxxxxxx” shall refer to Xxxxx Xxxxxxx Medicine, Xxxxx Xxxxxxx University, Xxxxx Xxxxxxx Health System and to any affiliated entities of same) $369,565 (the “Payment”) by July 31, 2007. Upon receipt of the Payment no further amount shall be owed or owing to Xxxxx Xxxxxxx under the Consulting Agreement. Effective April 13, 2007, Xxxxx Xxxxxxx shall no longer provide to KAA any further services under the Consulting Agreement, and, KAA shall no longer use the Xxxxx Xxxxxxx name in KAA’s medical facilities.
The License and Management Agreement
Effective May 13, the License and Management Agreement shall be terminated. By May 21, KAA shall pay to Xxxxx Xxxxxxx all amounts owing under the License and Management Agreement, and upon receipt of such payment no further amounts shall be owed or owing to Xxxxx Xxxxxxx under the License and Management Agreement.
000 Xxxxxxx 0, 0xx Xxxxx, Xxxxxxx,
XX 00000 (P) 203-295-2121 (F) 203-295-2102
xxx.xxx.xxx
This letter merely sets forth the financial agreements between the parties and it is understood that further detailed legal agreements will be executed between the parties. If the above meets with your understanding please return a countersigned agreement to my attention.
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Sincerely, |
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Xxxx Xxxxxx |
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SVP and General Counsel |
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Xxxxxxx Advanced Aesthetics, Inc. |
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Read and Approved |
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Xxxxx Xxxxxxx Medicine |
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By: |
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Xxxxx Xxxxxxx University |
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By: |
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Xxxxx Xxxxxxx Health System Corporation |
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By: |
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000 Xxxxxxx 0, 0xx Xxxxx, Xxxxxxx,
XX 00000 (P) 203-295-2121 (F) 203-295-2102
xxx.xxx.xxx
