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Exhibit 10.29
AGREEMENT
FOR
PET IMAGING SERVICES
THIS AGREEMENT is made to (Redwood Regional Medical Group referred to as
"Client") by MOBILE PET SYSTEMS, Inc., a Delaware Corporation (hereinafter
referred to as "MPET"), headquartered at 0000 Xxxxxxx Xxxxxx, Xxx Xxxxx, XX.
00000 (619-226-6738)
Client has indicated a specific need for POSITRON EMISSION TOMOGRAPHY (PET)
services and MPET is prepared to meet those needs as follows:
1. SERVICES
1.01 MPET shall provide a CTI-SIEMENS ECAT EXACT P.E.T. system
housed in an 8' x 40' Calumet Coach at Client's site.
2. MAINTENANCE
2.01 MPET shall be responsible for the maintenance and repair of
the PET system in accordance with the manufacturer's
specifications. MPET will utilize Siemens factory authorized
and trained service engineers.
8.1 MPET shall be responsible for Quality Assurance testing to
maintain the PET system in peak operating condition in
accordance with manufacturer's specifications.
3. SITE
3.01 Client shall make available an appropriate, safe, convenient
site in accordance with the manufacturer's guidelines on
Client's premises for the proper performance of PET studies on
the PET system.
4. MATERIALS, SUPPLIES AND PERSONNEL
4.01 MPET shall provide all PET Technologists required to operate
the PET system and perform the PET studies.
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4.02 Client shall provide radiopharmaceutical agents, needles,
linen, film, and all patient supplies, etc., necessary for the
performance of PET studies.
8.1 MPET shall provide an on-board generator to operate PET
system.
4.04 Client shall pay for fuel associated with operation of PET
system.
5. COMPENSATION
5.01 As compensation for services performed under the Agreement,
Client shall compensate MPET as listed:
FEE FOR SERVICE:
First Four (4) PET Exams per day of service $ 800.00 per Exam
Next Four (4) PET Exams per day of service $ 700.00 per Exam
Additional PET Exams per day of service $ 600.00 per Exam
A minimum of four (4) exams per day for 2 service days per
week is required with an option for a 3rd day per week.
Fee does not include FDG radiopharmaceuticals.
FEE FOR SERVICE OPTION: (may be exercised after 1st month)
Daily Flat Rate: $4,600.00 a day.
ALL FEES FOR SERVICE DUE MPET WITHIN 45 DAYS OF INVOICE DATE.
6. PRIMARY TERM
6.01 The primary term of the agreement shall terminate June 30,
2000 with an option to renew monthly at client's request.
7. INSURANCE
8.1 Throughout the term of this Agreement, MPET shall maintain
reasonable amounts of commercial insurance covering:
I. Comprehensive general and professional liability not
to exceed $1,000,000 per occurrence and $3,000,000
aggregate.
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II. All risks of physical damage or loss to the equipment
provided by SERVICE hereunder; and
III. Worker's Compensation coverage for employees of
SERVICE, if any, provided hereunder.
8. TRAINING / MISC.
8.1 MPET shall assist Client in:
1. Providing first 20 over reads from UCLA / USC at
MPET's expense.
2. Providing a one week preceptorship program for
Physician.
3. Providing information regarding PET billing protocols
and insurance company reimbursement data.
4. Providing a guest PET lecturer for Client's medical
staff meeting to advise referring physicians on the
benefits of PET.
AS AGREED UPON BY:
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Mobile P.E.T. Systems, Inc Redwood Regional Medical Group
San Diego, CA Xxxxxx Xxxx, MBA
000 Xxxxxxxx Xx.
Xxxxx Xxxx,XX 00000
AMENDMENT
TO
AGREEMENT BETWEEN
MOBILE P.E.T. SYSTEMS, INC.
AND
REDWOOD REGIONAL MEDICAL GROUP
WHEREAS, Mobile P.E.T. Systems, Inc. ("Mobile PET") and, REDWOOD
REGIONAL MEDICAL GROUP ("Client") (hereinafter referred to as the "Parties")
have entered into an Agreement dated ___________, 2000;
WHEREAS, the Parties agree to amend said Agreement, in part, pursuant
to Paragraph 6.7 of the GENERAL PROVISIONS. THEREFORE, said Agreement shall be
amended, in part, by this Amendment, as follows:
1) Paragraph 5. TERM, RENEWAL AND TERMINATION is modified to a
"Three Year Term" from the commencement date and the term will
not automatically renew for an additional three years without
your written approval.
2) Paragraph 5.2.2. shall be amended as follows:
a. The "right of first refusal" shall be non-binding.
3) Schedule "A" shall be amended as follows:
a. Mobile PET will agree to provide two complete sets of
Med Image Work Station software and the Ethernet
connection to mobile coach. This software is
currently offered only on the Windows 98 platform.
4) Paragraph 3.1 shall be amended as follows:
a. Mobile PET will agree to modify or replace with new
the existing "Xxxxxxx Stole" receptacle to accept the
480 VAC//3Phase//85KVA fused at 100 Amps power
requirements of our coach.
b. Mobile PET will pay for the trenching to the new
location of the PET System Trailer, located in the
front parking lot between the two trees.
c. Price of this modification will not exceed $2,500.00.
d. Connection of the (2) telephone lines and Ethernet
service will remain your responsibility as these are
within your building and should be easily handled by
your facility engineer.
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5) Schedule E shall be partially amended as follows:
a. Mobile PET will agree to convert this agreement at
any one time with a 30 day written notice to a daily
flat rate of $4,500 for 8 Hours and $525.00 for each
additional hour per day.
b. Mobile PET will agree to modify the required minimums
to reflect the following "Ramp up" service schedule:
i. (1) One per day for the first (30) thirty
days.
ii. (2) Two per day for the next (30) thirty
days.
iii. (3) Three per day for the next (30) thirty
days.
iv. (4) Four per day minimum for the balance of
the agreement.
6) Paragraph 2.4 "Training" of MOBILE PET SERVICES shall be
modified as follows:
a. Mobile PET will agree to pay for the tuition expenses
for Xx. Xxxxxxxx and (1) additional member of your
group to attend a preceptor at UCLA Medical Center.
Total cost not to exceed $3,000.00.
b. There will be no charge for the training at the
London PET Centre for Xx. Xxxxxxxx during his visit
to London on May 30th - June 2nd, 2000.
All other terms and conditions of the Agreement shall continue in full force and
effect.
Executed this ___ day of ___________, 2000.
MOBILE P.E.T. SYSTEMS, INC.
a Delaware corporation
By:____________________________
Xxxx X. Xxxxx
President
Executed this ___ day of ___________, 2000.
REDWOOD REGIONAL MEDICAL GROUP
By:____________________________
Name:__________________________
Title:___________________________
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