Millstone Medical Master Service Agreement 90-day Termination

EX-10.1 2 dynt_ex101.htm MILLSTONE MEDICAL MASTER SERVICE AGREEMENT dynt_ex101.htm

EXHIBIT 10.1

 

October 1, 2021

 

Millstone Medical Outsourcing, LLC

580 Commerce Drive

Fall River, MA 02720

 

Attn: Karl Neuberger

Cc: Tom Williams

 

RE: Dynatronics – Millstone Medical Master Service Agreement 90-day Termination

 

Mr. Neuberger:

 

Dynatronics desires to terminate the Master Service Agreement signed July 8, 2020 (“MSA”). Notwithstanding any other provisions of the MSA, the parties agree that this letter shall serve as a 90-day notice of said termination. Dynatronics will exit Millstone Medical’s Olive Branch facility by December 31, 2021, after which, the MSA will be cancelled, terminated, null and void.

 

Dynatronics agrees to continue to pay the monthly fees up to an including December 2021. Per Section 2c of the MSA, Dynatronics agrees to pay Millstone December’s fees within thirty (30) business days of the date of termination, and for the amount of any services performed up to the date of termination. Millstone agrees to continue service and aid in the transition to ensure a timely removal of Dynatronics’ products.

 

Signatures below acknowledge the mutual understanding of the transfer and exit as outlined above.

 

Dynatronics  

 

 

Millstone Medical Outsourcing  

 

 

 

 

 

 

/s/ John Krier

 

 

/s/Karl Neuberger

 

 

 

 

Its: President and CEO

 

 

Its: CEO

 

Date: October 1, 2021 

 

 

Date: October 6, 2021