IT Service Agreement By and Between ADM Tronics Unlimited, Inc. and its Subsidiaries (ADMT) and Ivivi Technologies, Inc. (IVVI) Dated: February 1, 2008
EXHIBIT
10.15
By
and Between
ADM
Tronics Unlimited, Inc. and its Subsidiaries (ADMT) and Ivivi Technologies, Inc.
(IVVI)
Dated:
February
1, 2008
This
agreement between the above referenced parties is to document the information
technology (IT) services that IVVI will provide to
ADMT. Therefore:
1.
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IVVI
in conjunction with its outside IT professionals will service ADMT’s IT
needs on an as needed basis.
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2.
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IVVI
will invoice ADMT monthly for any time it spends in providing such
services to ADMT.
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3.
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Rate
that IVVI will charge ADMT will be determined at date of
Invoice.
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4.
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Such
invoices that IVVI issues ADMT with respect to such services will be due
within 30 days.
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Definitions:
a.
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IT
Services: Include, but are not limited to: Computer hardware and software
related issues, network administration, e-mail hosting and administration,
telephone and cabling installations and
maintenance.
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Both ADMT
and IVVI confirm that this Agreement does not infer any other relationship
between ADMT IVVI and does not obligate either party to be responsible for any
debts or other liabilities of the other. Both ADMT and IVVI are
separate entities and each is responsible for any liabilities
created.
This
Agreement shall be construed and enforced in accordance with the laws of the
State of New Jersey and shall not be modified or terminated except by a written
instrument executed by the parties hereto.
This
Agreement supersedes any previous IT Service agreements between the parties
hereto, whether written, oral or by practice.
This
agreement shall be reciprocal between both companies.
In
confirmation of the foregoing, the parties hereto have executed this agreement
as of the day and year first above written.
/s/ Andre’
XxXxxx
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/s/ Xx
Xxxxxx
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Andre’
XxXxxx, CEO
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Xx
Xxxxxx, EVP
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ADM
Tronics Unlimited, Inc.
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Ivivi
Technologies, Inc.
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