AMENDMENT NO. 8 TO SERVICE AGREEMENT
BETWEEN
INTEGRAMED AMERICA, INC.
AND
SHADY GROVE REPRODUCTIVE SCIENCE CENTER, P.C.
THIS AMENDMENT NO. 8 TO SERVICE AGREEMENT ("Amendment No. 8"), is dated
February 16, 2006 by and between IntegraMed America, Inc., with its principal
place of business at Two Xxxxxxxxxxxxxx Xxxx, Xxxxxxxx, Xxx Xxxx 00000 ("INMD")
and Shady Grove Reproductive Science Center, P.C., a Maryland professional
corporation, with its principal place of business at 00000 Xxxxx Xxxxx Xxxx,
Xxxxx 000, Xxxxxxxxx, Xxxxxxxx 00000 ("PC") and.
RECITALS:
WHEREAS, INMD and PC are parties to a Service Agreement dated March 12,
1998 (the "Agreement"); and
WHEREAS, INMD and PC wish to amend further the Agreement, in pertinent
part to clarify certain financial and other terms and conditions;
NOW THEREFORE, in consideration of the mutual promises and covenants
herein contained, and as contained in the Agreement, as amended, INMD and PC
agree as follows:
1. Section 7.1.4 of the Agreement, as amended to date, is hereby deleted in its
entirety and the following substituted therefore:
"7.1.4. Effective as of January 1, 2006, during each year of
this Agreement, as Additional Service Fee, paid monthly but
reconciled quarterly, in accordance with the following table:
Applicable Year Additional Service Fee Maximum Additional Service Fee
--------------- ---------------------- ------------------------------
2006 10% of PDE $ 913,000
2007 10% of PDE 900,000
2008 10% of PDE 800,000
2009 and thereafter 10% of PDE 1,080,000
Notwithstanding anything in this Section 7.1.4 to the contrary,
beginning January 1, 2006, the minimum annual Additional Service Fee paid to
IntegraMed under this Agreement shall not be less than $540,000 per year, and
the maximum annual Additional Service Fee paid to IntegraMed shall not exceed
the amounts set forth above the indicated years; but in no event shall the
annual Additional Service Fee exceed 20% of PDE.
2. All other provisions of the Agreement, as amended, not in conflict with this
Amendment No. 8 remain in full force and effect.
IN WITNESS WHEREOF, the parties have signed this Amendment No. 8 as the
date first written above.
INTEGRAMED AMERICA, INC.
By: /s/Xxx Xxxxxx
---------------------
Xxx Xxxxxx, President
SHADY GROVE REPRODUCTIVE SCIENCE CENTER, P.C.
By: /s/ Xxxxxxx X. Xxxx
---------------------
Xxxxxxx X. Xxxx, M.D., President