Service Agreement Extension between Medicore, Inc. and Techdyne, Inc. (September 30, 2000)

Summary

Medicore, Inc. and Techdyne, Inc. have agreed to extend their existing service agreement for one additional year, through September 30, 2001. Medicore will continue providing administrative and financial services to Techdyne under the same terms as before. Techdyne will pay Medicore $360,000 per year, paid in equal monthly installments. Either party may terminate the agreement with thirty days' written notice.

EX-10.7 3 tcdnservagmt.txt SERVICE AGREEMENT EXTENSION Medicore Inc. September 30, 2000 Techdyne, Inc. 2230 West 77th Street Hialeah, Florida 33016 RE: Service Agreement Extension Gentlemen: This letter will confirm our desire to extend the Service Agreement that was made October 25, 1996 ("Service Agreement") by and between Medicore, Inc. ("Medicore") and Techdyne, Inc. ("Techdyne") for an additional year through September 30, 2001 ("Extended Term"). Medicore shall continue to provide Techdyne the same administrative and financial services during the Extended Term under the same terms and each party shall have the same duties and responsibilities delineated in the Service Agreement. Techdyne shall pay to Medicore the consideration of Three Hundred Sixty Thousand Dollars ($360,000) per annum for the services in equal monthly installments. This Service Agreement is terminable by either party upon thirty (30) days written notice. If this conforms with your understanding, please execute a copy of this letter indicating your acceptance to the foregoing. MEDICORE, INC. /s/ Thomas K. Langbein By:-------------------------------- THOMAS K. LANGBEIN, Chief Executive Officer Agreed to and accepted by: TECHDYNE, INC. /s/ Barry Pardon By:------------------------------ Barry Pardon, President