AMENDMENTNO. 1 TO
EX-10.34 55 v200830_ex10-34.htm AMENDMENT NO. 1 TO CONSULTING AGREEMENT
EXHIBIT 10.34
 | 400 N. Washington Street Suite 100 Alexandria, VA 22314 P ###-###-#### F ###-###-#### Email: ***@*** www.biologicsconsulting.com |
AMENDMENT NO. 1
TO
CONSULTING AGREEMENT BETWEEN
BIOLOGICS CONSULTING GROUP, INC. (Hereinafter "BCG")
| Address: | 400 N. Washington Street |
| | Suite 100 |
| | Alexandria, Virginia 22314 |
| TAX I. D. #: | 84-1693476 |
AND
MEDGENICS, INC. (Hereinafter "COMPANY")
| Address: | PO Box l4 |
| | Teradion Business Park |
| | D.N. Misgav 20179 |
| | Israel |
Original Agreement effective as of June 18, 2008 (the "Agreement").
Now, THEREFORE, in consideration of the mutual promises contained in this Amendment No. 1, the parties agree as follows:
| 1. | All terms that are used herein and that are not specifically defined herein shall have the defined meanings set forth in the Agreement. |
| 2. | The effective date of this Amendment No. 1 is January 1, 2010. |
| 3. | The "Term of Consulting Services" will be amended as follows: |
| From: | January 1, 2008 |
| Through: | January 1, 2012 |
| 4. | The rates set forth in Exhibit 1, paragraph 2 are modified to the rates listed below: |
| Category | 2009/2010 Billing Rates |
| President/CEO | $380/hour |
| Senior Clinical Consultant (with M.D.) | $380/hour |
| Office Heads | $350/hour |
| Senior Consultant (with M.D.) | $380/hour |
| Senior Consultant | $325/hour |
| Consultant | $240/hour |
| Associate | $185/hour |
| Consulting Agreement Amendment | Page 1 of 2 Version 6, 8/13/2008 |
| | 400 N. Washington Street Suite 100 Alexandria, VA 22314 P ###-###-#### F ###-###-#### Email: ***@*** www.biologicsconsulting.com |
| 5. | Exhibit 1, paragraph 3 is modified to the contact listed below: |
Invoices are to be addressed to:
| Attn: | ____ | |
| Title: | ____ | |
| Company: | ____ | |
| Address: | ____ | |
| City/State/Zip: | ____ | |
| Phone: | ____ | |
| Fax: | ____ | |
| Email: | ____ |
| 7. | Except as specifically modified or amended hereby, the Agreement shall remain in full force and effect and, as modified or amended, is hereby ratified, confirmed, and approved. |
| BOLOGICS CONSULTING GROUP, INC | MEDGENICS, INC. | |||
| (BCG) | (COMPANY) | |||
| By: | /s/ James G. Kenimer | By: | /s/ Andrew L. Pearlman | |
| James G. Kenimer, Ph.D. | Name: | Andrew L. Pearlman | ||
| CEO | Title: | CEO | ||
| Date: | September 8, 2010 | Date: | Aug. 31, 2010 | |
| Email: ***@*** Ph: ###-###-#### | Email: Ph: |
| Consulting Agreement Amendment | Page 2 of 2 Version 6, 8/13/2008 |
