Exhibit 10.2
PROFESSIONAL SERVICES AGREEMENT
This professional services
agreement (“Agreement”) is made effective as of April 1, 2022 (the “Effective Date”) by and between Ascend
One Corporation, a Maryland corporation (sometimes referred to herein as “Ascend One” and/or the “Supplier”) and
Xxxx Health MD, LLC, formerly known as Xxxx Management, LLC, a Delaware limited liability company (sometimes referred to herein as “Xxxx”
and/or the “Client”).
WHEREAS, Xxxx trades as Xxxx
Health and Vitality Center and provides management services for certain wellness centers in various states operated by wellness providers
(“Providers”);
WHEREAS, Xxxx requires certain
support services in connection with the operation of its business; and
WHEREAS, Ascend One desires
to provide support services for Xxxx and Providers as set forth herein.
NOW, THEREFORE, in consideration
of the mutual promises set forth herein and other good and valuable consideration, the receipt and sufficiency of which hereby is acknowledged
by the parties, the parties hereto agree as follows:
1.
Engagement. Client hereby engages Supplier to perform and
Supplier agrees to perform services on the terms and conditions set forth herein. The terms of this Agreement shall apply to all
services performed by Supplier for Client from the commencement of such services until Supplier ceases to perform services for
Client.
2.1. Services. During
the term of this Agreement, Supplier shall provide services that include:
(a) assistance
in the design and build-out of office space and facilities;
(b) assistance
in the selection and acquisition of all appropriate equipment, furnishings, and supplies necessary for the operation of Xxxx’x
business, and the maintenance of such equipment and furnishings;
(c) selection,
hiring, training, and supervision of employees and other personnel to be employed by Xxxx and/or Providers, and termination of such employees
when necessary, all for the account of Xxxx and/or Providers;
(d) preparation
of form contracts, and negotiation of vendor agreements when necessary;
(e) payroll
processing;
(f) payment
of expenses for Xxxx and/or Providers;
(g) depositing
receipts in bank accounts, and conducting related treasury management/cash management functions;
(h) assisting
with licensing, compliance, and other legal requirements;
(i) developing
an annual budget for Xxxx and/or Providers;
(j)
establishing and maintaining accounting and business records necessary or convenient for the operation of Xxxx and/or Providers;
(k) selection
of professional advisors and provision of professional services when required by Xxxx and/or Providers;
(l) information
technology and call center services;
(m) marketing
support and product development assistance;
(n) executive
management support (including Xxxx Directors);
(o) obtaining
or providing assistance in obtaining insurance for Client and/or Providers;
(p) obtaining
or providing assistance in obtaining equipment/facilities/supplies (through leases and other financial/contractual arrangements,
both new and existing leases, financial/contractual arrangements); and
(q)
other services, equipment, and supplies for the Supplier’s use necessary in its provision of the items noted above in this
Section 2.1.
The parties acknowledge that for one or more of
the services to be provided by Supplier, Supplier may request that Client arrange for the provision of some portion thereof with one or
more third parties. In such cases, Supplier may request that Client contract for and advance amounts for such third party services, and
Supplier will reimburse Client for such amounts advanced.
2.2. Records.
Supplier shall keep records of the time devoted to specific projects and all travel and miscellaneous expenses incurred in performing
services, and Client shall be entitled to access, review and copy such records upon reasonable request therefore.
3.1. Fees;
Billing. Client agrees to pay Supplier for Supplier’s costs for services provided hereunder, plus an administrative charge of
$5000, as invoiced by Supplier monthly during the term hereunder.
3.2. Taxes
and Governmental Filings. Supplier shall make all payments, declarations and filings with local, state and federal governmental entities
regarding taxation, license fees, franchise fees, social security, insurance, and any other governmental requirements relating to Supplier’s
performance of services as an independent contractor.
4.1. Term
and Termination. Unless sooner terminated hereunder, this Agreement shall commence as of the Effective Date and shall remain in effect
until terminated as provided for in this Section 4. Either Client or Supplier may terminate this Agreement at any time by giving
not less than thirty (30) days prior written notice of such termination to the other party.
4.2. Surviving
Provisions and Obligations. The following provisions shall survive any termination of this Agreement: Sections 4.2, 5 (including all
subsections thereof), 6, 7, 9, 10, and 11. Any payment obligation arising under this Agreement that has accrued prior to the termination
or expiration of this Agreement shall survive such termination.
5.1. Definition
of “Confidential Information”. “Confidential Information” means all information and material disclosed
or delivered to one party (the “Receiving Party”) by or on behalf of the other party (the “Disclosing
Party”) that is identified verbally or in writing as confidential to the Receiving Party or which the Receiving Party
reasonably should understand to be confidential to the Disclosing Party from the circumstances surrounding disclosure to the
Receiving Party and includes, as Confidential Information of Client, all information concerning Client’s individual clients.
Information and material shall not be considered Confidential Information to the extent, but only to the extent, that such
information or material is demonstrated: (a) to have been learned by the Receiving Party from an independent third
party free of any restriction and without breach of this Agreement; (b) to have been or to have become publicly available
through no wrongful act of the Receiving Party or any person or entity affiliated with the Receiving Party; or (c) to have
been independently developed by the Receiving Party without reference to any Confidential Information of the Disclosing Party.
5.2. Supplier’s
Permitted Disclosure and Use. During the term of this Agreement, Supplier is authorized: (a) to use the Confidential Information
as required for the performance of Supplier’s services hereunder; and (b) to disclose and/or deliver Confidential Information
to the employees and subcontractors of Supplier, but only to the extent that such employees and subcontractors have a need to know such
Confidential Information for the purposes of this Agreement or for the performance of activities under this Agreement.
5.3. Restrictions
on Disclosure and Use. During the term of this Agreement and at all times thereafter, the Receiving Party shall exercise the same
care and discretion to prevent and restrain the unauthorized or inadvertent use, disclosure, delivery, publication, dissemination or
reproduction of Confidential Information as the Receiving Party employs with respect to the Receiving Party’s own information of
similar importance, and in any case not less than a commercially reasonable degree of care and discretion. If the Receiving Party is
requested or required by any legal process to disclose any information required to be held confidential pursuant to this Section 5,
the Receiving Party shall promptly notify the Disclosing Party of such request or requirement and provide reasonable cooperation to the
Disclosing Party in the Disclosing Party’s efforts to avoid or minimize the required disclosure and obtain a protective order or
other similar relief.
5.4. Privacy
and Security of Individual Client Information covered by HIPAA. The Parties will use best efforts to comply with applicable federal
and state laws and regulations regarding the confidentiality of individual client information, including, but not limited to, the Health
Insurance Portability and Accountability Act of 1996 and all regulations promulgated thereunder (“HIPAA”). Insofar as Supplier
functions as a “business associate” (as defined by HIPAA), Supplier shall comply with the terms and conditions of the HIPAA
Addendum set forth in Exhibit A attached hereto and made a part hereof.
6. Severability.
If any provision of this Agreement is rendered inoperative, void or illegal by operation of law, regulation, judgment or otherwise, such
provision will be deemed omitted and the remainder of the Agreement will remain enforceable to the maximum permissible extent.
7. Assignment.
This Agreement shall inure to the benefit of, and be binding upon, each party and their respective successors and permitted assigns, but
shall not be assignable by Supplier without the prior written consent of Client. Any such purported assignment by Supplier without such
written consent shall be void and of no effect.
8. Force
Majeure. Neither Supplier nor Client shall be liable for any failure to perform or for delay in performance of such party’s
obligations hereunder resulting from circumstances beyond such party’s reasonable control.
9. Governing
Law. The validity, construction and performance of this Agreement and the legal relations among the parties to this Agreement shall
be governed by and construed in accordance with the laws of the State of Maryland without giving effect to any conflict of law principles.
10. Entire
Agreement; Amendment; Waivers. This Agreement is the final agreement between the parties on the subject matter hereof, and any prior
agreements or representations regarding the subject matter hereof are hereby superseded. This Agreement may not be modified, altered or
amended except by a further written document signed by authorized representatives of both parties. No failure or delay by either party
in exercising any rights, power, or remedy under this Agreement shall operate as a waiver of any such right, power, or remedy.
11. Counterparts.
This Agreement may be executed in counterparts, each of which will be considered an original, but all of which together will constitute
one and the same instrument. Delivery of this Agreement may be made by facsimile or electronic transmission, including but not limited
to e-mail, of counterparts of this Agreement, which counterparts shall be fully effective as originals.
(SIGNATURES ON FOLLOWING PAGE)
(SIGNATURE PAGE – PROFESSIONAL SERVICES
AGREEMENT)
IN WITNESS WHEREOF, each party
has executed this Agreement, under seal, by the signature of such party’s duly authorized representative below, intending that this
Agreement be legally binding and an instrument under seal.
Ascend
One Corporation |
| Xxxx
Health MD, LLC |
|
|
| | |
By: |
/s/ Xxxxxxxx Xxxxxx |
| By: |
/s/ Xxxxxxx Xxxxxx |
Print
Name: |
Xxxxxxxx Xxxxxx |
| Print
Name: | Xxxxxxx Xxxxxx |
EXHIBIT A
BUSINESS ASSOCIATE ADDENDUM
THIS HIPAA ADDENDUM (“Addendum”)
adds to, and is made a part of, the Professional Services Agreement (the “Agreement”) entered into and effective as of January 1,
2022 (“Effective Date”) by and between Xxxx Health MD, LLC (“Covered Entity”) and Ascend One Corporation (“Business
Associate”) (Covered Entity and Business Associate are referred to collectively as the “Parties” or, separately, as
a “Party”).
a) General
Terms and Conditions. All capitalized terms not otherwise defined in this Addendum shall have the meanings set forth in the Health
Insurance Portability and Accountability Act of 1996 (“HIPAA”) and its implementing regulations, as amended from time to time
(collectively, the “HIPAA Regulations”) and the Health Information Technology for Economic and Clinical Health Act (the “HITECH
Act”). Except as otherwise specified herein, all references to Protected Health Information (“PHI”) shall be construed
to include Electronic PHI, or “ePHI.” To the extent there is a conflict between this Addendum and the Agreement, the terms
and conditions of this Addendum shall govern and control.
b) Use
and Disclosure of PHI. Business Associate shall use and disclose PHI only for the purpose of performing services; as such services
are defined in the Agreement. Business Associate will not use or further disclose PHI received from or created or received on behalf of
Covered Entity, except as this Addendum permits, or as required by law. Except as otherwise limited in the Agreement or this Addendum,
Business Associate may use PHI (i) for Business Associate’s proper management and administration, (ii) to carry out the
legal responsibilities of Business Associate, or (iii) to provide Data Aggregation services relating to the Health Care Operations
of Covered Entity if required under the Agreement. Except as otherwise limited in the Agreement or this Addendum, Business Associate may
disclose PHI (i) for the proper management and administration of Business Associate, or (ii) to carry out Business Associate’s
legal responsibilities if (a) the disclosure is required by law, or (b) Business Associate obtains reasonable assurances from
the person to whom the information is disclosed that it will remain confidential and used or further disclosed only as required by law
or for the purpose for which it was disclosed to the person and the person notifies Business Associate of any instances of which it is
aware in which the confidentiality of the information has been breached.
c) Disclosures
to Third Parties. Business Associate shall obtain and maintain an agreement with each agent or subcontractor that creates, receives,
maintains, or transmits Covered Entity’s PHI on behalf of Business Associate. Under the agreement, such agent or subcontractor shall
agree to the same restrictions and conditions that apply to Business Associate pursuant to this Addendum with respect to such PHI.
d) Individual
Rights Regarding Designated Record Sets. If Business Associate maintains PHI in a Designated Record Set, it shall upon request of
Covered Entity (i) provide prompt access to, and permit inspection and copying of, PHI by Covered Entity; and (ii) amend PHI
maintained by Business Associate.
e) Accounting
of Disclosures. Business Associate shall make available the information required for an accounting of disclosures of PHI, in accordance
with the HIPAA Regulations and the HITECH Act.
f) Restrictions.
Business Associate shall comply with any limitations on uses and disclosures of PHI in accordance with the HIPAA Regulations and the
HITECH Act, provided that Covered Entity communicates such limitations to Business Associate.
g) Records
and Audit. Business Associate shall make available to the United States Department of Health and Human Services (“HHS”)
or its agents, its internal practices, books, and records relating to the use and disclosure of PHI received from Covered Entity or created
or received by Business Associate on behalf of Covered Entity for the purpose of determining Covered Entity’s compliance with the
HIPAA Regulations.
h) Implementation
of Safeguards; Notice of Security Incidents. Business Associate shall use appropriate safeguards to prevent the use or disclosure
of PHI other than pursuant to the terms and conditions of this Addendum and comply with applicable provisions of 45 C.F.R. Part 164,
Subpart C with respect to ePHI that it creates, receives, maintains, or transmits on behalf of Covered Entity. Business Associate will
notify Covered Entity of any use or disclosure of PHI of which Business Associate becomes aware that violates the HIPAA Regulations, the
terms of the Agreement or this Addendum. Business Associate will report to Covered Entity any Security Incident of which it becomes aware.
Notwithstanding the foregoing, the parties acknowledge and agree that this subsection (h) constitutes notice by Business Associate
to Covered Entity of the ongoing existence and occurrence or attempts of Unsuccessful Security Incidents for which no additional notice
to Covered Entity shall be required. Unsuccessful Security Incidents means, without limitation, pings and other broadcast attacks on Business
Associate’s firewall, port scans, unsuccessful log-on attempts, denial of service attacks, and any combination of the above, so
long as no such incident results in unauthorized access, use or disclosure of Covered Entity’s ePHI.
i) Data
Breach Notification and Mitigation. Business Associate agrees to notify Covered Entity of any Breach of Unsecured PHI promptly upon
learning of the Breach. Business Associate’s notice to Covered Entity shall include such information as required by the HIPAA Regulations
to be provided by a Business Associate in the event of a Breach.
j) Term
and Termination. This Addendum shall commence on the Effective Date and shall remain in effect until the Agreement is terminated in
accordance with the terms thereof. Upon termination of the Agreement (and this Addendum) for any reason, Business Associate shall, at
Covered Entity’s option, return or destroy any and all PHI received or created by Business Associate pursuant to the Agreement and
this Addendum.
FIRST AMENDMENT TO PROFESSIONAL SERVICES AGREEMENT
This FIRST AMENDMENT TO PROFESSIONAL
SERVICES AGREEMENT (this “Amendment”) is made as of September 27, 2022, by and between Ascend One Corporation,
a Maryland corporation (“Ascend One”) and Xxxx Health MD, LLC, a Delaware limited liability company (“Xxxx”).
RECITALS
WHEREAS, Ascend One and Xxxx
are parties to that certain Professional Services Agreement dated April 1, 2022 (the “PSA”);
WHEREAS, capitalized terms
used but not otherwise defined herein shall have the meanings set forth in the PSA;
WHEREAS, Section 10 of
the PSA provides that the PSA may be amended only if such amendment is in writing and is signed by each of Ascend One and Xxxx; and
WHEREAS, Ascend One and Xxxx
desire to amend the PSA as set forth herein.
NOW, THEREFORE, for good and
valuable consideration, the parties hereto agree as follows:
1. Amendments
to PSA.
| a. | Following the last sentence of Section 11 of the PSA, the following is hereby inserted as Section 12
thereof: |
“12.
Covenant Not To Compete. Commencing on the Effective Date, Ascend One agrees that it shall not, and shall not permit any
of its respective partners, officers, directors, employees, agents, or consultants (each, an “Ascend One Affiliate”)
to, directly or indirectly: (i) provide or attempt to provide any services whatsoever to any enterprise engaged in the provision
of services similar to or the same as those provided by or which may be offered by Xxxx or any sucessor corporation; or (ii) intentionally
interfere in any material respect with any relationships (whether formed prior to or after the Effective Date) between Xxxx and any third
party (with respect to an entity, whether such entity was formed prior to or after the Effective Date).
Commencing on the
Effective Date, Ascend One and each Ascend One Affiliate shall not, directly or indirectly, (i) solicit, entice, divert, or take
away, or attempt to solicit, entice, divert or take away, any clients, customers, vendors, suppliers or any other individual or entity
who has established or is seeking to establish a business relationship with Xxxx for purposes of diverting their business or services
from Xxxx, or (ii) take any action that is designed or intended to have the effect of discouraging any supplier, vendor, customer,
employee or contractor from working with Xxxx or from maintaining the same business relationship with Xxxx after the Effective Date that
such supplier, vendor, customer, employee or contractor maintained with Xxxx prior to the Effective Date.”
| b. | The following is hereby inserted as a new Section 2.3 of the PSA: |
“2.3 Assignment
of Technology.
(a) Ascend
One hereby irrevocably conveys, transfers, and assigns to Xxxx, and Xxxx hereby accepts, all of Ascend One’s right, title, and interest
in and to the Assigned Technology, on a worldwide basis, and any and all claims and causes of action with respect to the Assigned Technology,
whether accruing before, on, or after the date hereof, including all rights to and claims for damages, restitution, and injunctive and
other legal and equitable relief for past, present, and future infringement, misappropriation, or violation.
(b) “Assigned
Technology” means the Xxxx Client, the Vitality Plans, and other technology owned by Ascend One that relates to Xxxx.
(c) Upon
Xxxx’x reasonable request, Ascend One shall take such steps and actions, and provide such cooperation and assistance to Xxxx and
its successors, assigns, and legal representatives, including the execution and delivery of any affidavits, declarations, oaths, exhibits,
assignments, powers of attorney, or other documents, as may be reasonably necessary to effect, evidence, or perfect the assignment of
the Assigned Technology to Xxxx, or any assignee or successor thereto.
(d) To
the extent any copyrights are assigned under this Section 2.3, Ascend One hereby irrevocably waives, to the extent permitted by applicable
law, any and all claims Ascend One may now or hereafter have in any jurisdiction to all rights of paternity, integrity, disclosure, and
withdrawal and any other rights that may be known as “moral rights” with respect to the Assigned Technology.”
| c. | Section 4.2 of the PSA is hereby replaced in its entirety with the following: |
“4.2 Surviving
Provisions and Obligations. The following provisions shall survive any termination of this Agreement: Sections 2.3, 4.2, 5 (including
all subsections thereof), 6, 7, 9, 10, and 11. Any payment obligation arising under this Agreement that has accrued prior to the termination
or expiration of this Agreement shall survive such termination.”
2. Conflicts;
No Other Amendment. In the event of a conflict between the provisions of this Amendment and the provisions of the PSA, the provisions
of this Amendment shall control. Except as expressly set forth in this Amendment, the provisions of the PSA remain in full force and effect,
unmodified, in accordance with their terms.
3. Counterparts.
This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which when taken together
shall constitute but one and the same instrument. Facsimile and electronically scanned signatures shall be sufficient as an original signature.
IN WITNESS WHEREOF, the parties
hereto have caused this Amendment to be duly executed by their respective authorized officers as of the date hereof.
| ASCEND ONE CORPORATION |
| | |
| By: | /s/ Xxxxxxxx Xxxxxx |
| | Name: Xxxxxxxx Xxxxxx |
| | Title: CEO |
| | |
| XXXX HEALTH MD, LLC |
| |
| By: | /s/ XX Xxxxxxx |
| | Name: XX Xxxxxxx |
| | Title: CFO |
[Signature Page to Amendment to PSA]