ADDENDUM TO ADMINISTRATIVE SERVICES AGREEMENT
Exhibit 10.24
ADDENDUM TO ADMINISTRATIVE SERVICES AGREEMENT
This Addendum (the Addendum) is entered into effective as of January 1, 2006, by and between NEVADA RADIATION THERAPY MANAGEMENT SERVICES, INC., a Nevada corporation (MANAGEMENT SERVICES) and MICHAEL J. KATIN, M.D., PROF. CORP, a Nevada professional corporation (the PA). This Addendum amends Section 3.1 of the Administrative Services Agreement dated January 1, 2002 between the parties (the Agreement) to adjust the monthly Service Fee of $570,683.33 paid in 2005 to a monthly Service Fee of $595,683.33, and replaces the Addendum of that same Section dated January 1, 2005. From and after the date hereof, Section 3.1 shall read as follows:
3.1. Service Fee. For the services to be provided hereunder by MANAGEMENT SERVICES, the PC shall pay to MANAGEMENT SERVICES a monthly Service Fee of $595,683.33. The parties agree that the Service Fee represents the fair market value of the services provided by MANAGEMENT SERVICES hereunder and that the parties shall meet annually to reevaluate the value of services provided by MANAGEMENT SERVICES and shall establish the fair market value thereof for purposes of this Section 3.1.
Accepted: | NEVADA RADIATION THERAPY MANAGEMENT SERVICES, INC. | |||
By: | /s/ David Koeninger | |||
David Koeninger | ||||
Vice President and CFO | ||||
Accepted: | MICHAEL J. KATIN, M.D., PROF. CORP. | |||
By: | /s/ Daniel E. Dosoretz, M.D. | |||
Daniel E. Dosoretz, M.D. | ||||
Vice President |