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EXHIBIT 10.29
DYNACQ INTERNATIONAL, INC.
00000 Xxxxxxxxxx 00 Xxxx, Xxxxx 000 Tel: 000-000-0000
Xxxxxxx, Xxxxx 00000 Fax:000-000-0000
LETTER AGREEMENT
This LETTER AGREEMENT is entered into and effective as of the 1st day
of September, 1998 and continuing until August 31, 1999 (not withstanding the
date of actual execution) by and between DYNACQ INTERNATIONAL INC. and VISTA
HEALTHCARE INC.
WITNESSETH
Dynacq International Inc. agrees to provide, through its licensed
pharmacist, Xxxx Xxxx Xxxx, as it has in the past, services including but not
limited to the following:
1. Pharmaceutical services for the benefit of Vista Healthcare Inc.
and Ambulatory Surgical Care facility;
2. Inventory Control;
3. Storage of pharmaceuticals;
4. Distribution of pharmaceuticals;
5. Satisfaction all local, state and federal licensing requirements.
Vista Healthcare Inc. agrees, as follows:
1. To pay Dynacq International Inc., in advance, Fifty Thousand
Dollars ($50,000.00) annually for pharmaceutical services from
Dynacq International Inc.;
2. That Vista Healthcare Inc. has not paid for these services for
the contract years ending August 31, 1995 and August 31, 1998,
and therefore agrees to pay One Hundred Thousand Dollars
($200,000.00) upon execution of this agreement.
IN WITNESS WHEREOF, Dynacq International Inc. and Vista Healthcare
Inc. have executed this agreement this 1st day of October 1998, but effective
as of the date first written above.
Vista Healthcare, Inc. Dynacq International, Inc.
By: /s/ Xxxxx Xxxxxxxxx By: /s/ Xxxxxx Xxxx
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Xxxxx Xxxxxxxxx Xxxxxx Xxxx
President Vice President
