Document:

William M. Backus Hospital Agreement

 Exhibit 10.11 
  
 The William W. Backus Hospital 
  
 Proposal for Medical 
 Equipment Planning
Services 
  
 January, 2004 
 Revised 
 April 27, 2004

  
 

 

 Table of Contents 
  

			
	 Executive Summary
	  	3
	 General Overview
	  	4
	 Source Atlantic At-A-Glance
	  	4
	 Project Team
	  	5
	 Staff Availability
	  	6
	 Case Studies
	  	6
	 Sampling of Other Clients
	  	8
	 Methodology and Scope of Work
	  	9
	 Fee Estimate
	  	12
	 Expense Estimate
	  	13
	 Exclusions
	  	13
	 Deposit & Deliverables
	  	13
	 References
	  	13

  
 Confidential 
  

 2 

 Executive Summary 
  

					
	Project:	  	Multi Space Renovation	  	 
	Project Owner:	  	William W. Backus Hospital	  	 
	Architect:	  	George A. Takoudes, AIA	  	 
		
	Back Ground and Understanding:	  	 
	 	  	Spaces included are as detailed in architectural plans dated November 07, 2003
			
	Milestones:	  	Submission of CON	  	TBD
	 	  	Schematic Design	  	TBD
	 	  	Contract Documents	  	TBD
	 	  	Occupation	  	TBD
			
	Product Lines Covered:	  	Medical Equipment	  	 
	 	  	Furniture	  	 
		
	Products and Services to be provided:	  	 
	 	  	Assessment (Quoted)	  	 
	 	  	Planning/Budgeting (Quoted)	  	 
			
	 	  	Coordination (TBD)	  	 
	 	  	Procurement (TBD)	  	 
	 	  	Installation Management (TBD)	  	 
	 	  	CAD Development (TBD)	  	 

  

 3 

 General Overview 
  

Source Atlantic is pleased to present the following proposal to provide equipment planning services and Hourglass, Source Atlantic’s Capital Management
Platform, for the upcoming renovation projects. The proposal is preliminary based on drawings received in November of 2003. We have quoted a fee for requested each service elements 
  
 Included in the proposal are details on the scope of work, a work plan methodology, descriptions of our services, Hourglass products,
pricing and bios on Source Atlantic’s Project Team. 
  
 The services and
products may be selected as a whole or broken out to best meet the needs of Payette Associates and their client, William W. Backus Hospital. 
  
 Source Atlantic At-A-Glance 
  
 For the 15 years Source Atlantic has developed expertise in meeting the capital equipment planning, budgeting, procurement and project logistics needs of existing
hospitals engaged in planning expansions, renovations and new hospital construction projects. Source Atlantic currently lowers project and capital equipment acquisition costs by tightly managing the forecasting, planning, scheduling, procurement and
delivery of equipment, technology, furniture and related material to healthcare providers. Its mission is to shorten the plan/buy/delivery cycle, reduce risk, and improve the quality of document storage, task management and information exchange
during the project. 
  
 Our established international reputation secures the
cooperation of high-profile equipment vendors, architects and contractors, guaranteeing unrivalled quality. Source Atlantic combines proven and systematic methodologies with team-based communication to ensure comprehensive value throughout the
process. 
  

			
	Years in Operations	  	15
		
	Focus	  	Forecasting, Planning, Procurement and Management of Capital Medical Equipment
		
	Corporate Office	  	Rockland, Massachusetts
		
	Support Offices	  	Lexington, South Carolina
La Jolla, California
		
	Staff and Officers	  	12

  

 4 

 Project Team 
  

			
	Bill McGowan	  	President
	Phil Paradis	  	Project Manager
	Lynn Pearson	  	Senior Planner
	Bridget Paradis	  	Planning Support
	Jed Luby	  	Planning Support & Installation Management

  
 William B. McGowan, Jr.

  
 Bill brings over 25 years of sales and consulting experience in
healthcare. Following several years of successful field sales experience for a leading industry medical supplier, Bill sought out opportunities in the hospital construction and healthcare capital equipment market. His hospital design and
construction experience started with The Architect’s Collaborative (TAC) in Cambridge, Massachusetts, where he successfully designed and implemented an application to plan equipment and perform cost estimates. The application was employed for
TAC’s healthcare clients throughout North America and around the globe, including several projects in Europe, the Middle East and Southeast Asia. He then moved to RHA, a South Carolina firm dedicated to equipment planning. At RHA, Bill began
the planning for Healthcare International (HCI) in Scotland where he joined the staff in 1991. During a three-year posting in the UK, Bill managed the entire equipment/furniture procurement effort totaling more than $20 million and employed project
and negotiating tactics that have become his hallmark. In 1995, Bill returned to the States and launched William B. McGowan & Associates, a project planning and equipment procurement consulting firm. After operating independently for several
years, Bill merged operations with RHA to form Source Atlantic. His skill set includes in-depth knowledge of the healthcare capital equipment market, strategic acquisition planning, procurement tactics, and contract negotiation. He has presented to
the United Nations Development Council on how to plan and execute healthcare projects in the developing world and has participated in several industry roundtable forums.  
  
 Philip Paradis 
  
 Phil’s experience includes project management at Rhode Island Hospital (Hasbro Children’s) and St. Elizabeth’s, Brighton, MA. Phil has directed unique,
multi-million dollar hospital projects of progressive size and complexity for the past 15 years. In addition, he has held department head level management positions responsible for the operation, maintenance and planning of hospital physical plants
since 1978. Phil started his healthcare experience as a State Inspector of hospitals and nursing facilities in the Commonwealth of Massachusetts and has experience in architectural firm and construction trades. 
  
 Lynn Pearson 
  
 Lynn is a Radiologic Technologist by trade has spent the last 20 years effectively managing the resources needed to successfully plan,
inventory and install capital equipment for projects world wide. Lynn possesses a deep understanding of the project planning process and has developed expertise in matching client clinical needs with equipment specifications. Her experience,
industry insight, and cross-industry product knowledge are invaluable to Source Atlantic and clients alike. 
  
 James E. Luby, II 
  
 James
“Jed” Luby began his healthcare work with the major U.S. furniture manufacturer, responsible for the installation management for the New England area. As such, Jed gained tremendous experience in healthcare construction and project
management. 
  

 5 

 Jed joined Source Atlantic three years ago, when he managed the installation and logistics for a large healthcare project
in Algeria. In addition to this project, Jed has been involved with The Lanarkshire Hospital project in Scotland, Hanscom Air Force Base in Bedford, Massachusetts, Portsmouth Naval Shipyard, Mid Coast Hospital in Maine and South Shore Hospital in
Weymouth, Massachusetts. 
  
 Staff Availability 
  
 Our staff will be on-site, as needed, throughout the duration of the project. Our current
project schedule will allow for this project to be accomplished within the agreed construction schedule. 
  
 Case Studies 
  
 Mid Coast
Hospital, Brunswick, ME 
  
 A new $37 million community hospital
combining the operations of two facilities. Source Atlantic was engaged to manage the complete process of inventory, planning, specification development, procurement and installation management of all equipment, from monitoring and imaging equipment
to patient care and furniture. The final procurement total was approximately $9 million. 
  
 Greenwich Hospital, Equipment Procurement Project, Greenwich, CT 
  
 The new Greenwich Hospital required equipment for Radiology, Cardiac Cath Lab, Physiological Monitoring, Surgical Lighting, Surgical Gas Systems, Medical Gas Systems, and
Headwalls with Patient Beds and Transport Stretchers. 
  
 With a $12 million
Equipment Budget, Source Atlantic provided: 
  

	 	•	 	Verification of Equipment Budget 

  

	 	•	 	Development of Equipment Specifications 

  

	 	•	 	Procurement Strategy 

  

	 	•	 	Written Requests for Proposal (RFP’s) 

  

	 	•	 	Contract Negotiation 

  

	 	•	 	Management of Orders and Receipt of Equipment 

  

	 	•	 	CAD Services for Equipment Placement 

  
 Phase II of the Greenwich Hospital includes modifications to their existing facility and new building. Expansion of the surgery department, diagnostic and treatment
spaces along with additional beds is planned. Source Atlantic is contracted to provide a complete range of services from early stage planning and budgeting work, through procurement and installation management. 
  
 Johns Hopkins Hospital, Comprehensive Cancer Center, Baltimore, MD

  
 A new $120 million, 470,000 square foot Cancer Center including
Radiotherapy, Surgery, Bone Marrow Transplant, Medical/Oncology Nursing Units, Intensive Care and Outpatient Treatment Services. 
  
 With a $28 million equipment budget, Source Atlantic provided: 
  

	 	•	 	Equipment Inventory 

  

	 	•	 	Project Planning and Budget Development 

  

 6 

	 	•	 	Equipment Placement Drawings 

  

	 	•	 	A/E Design Guidance 

  

	 	•	 	Equipment Specification and Acquisition 

  

	 	•	 	Installation Management  

  
 The Carl J. Shapiro Clinical Center, Beth Israel Hospital, Boston, MA 
  
 A new $60 million, 210,000 square foot Clinical Center adjacent to the hospital campus including Ambulatory Pre-Assessment, Ambulatory
Surgery/O.R. & Recovery, Anesthesia, Cardiac Services/Cardiac Lab, Central Processing, Clinical Laboratories, Dermatology, Hematology/Oncology & Chemo Therapy, Joint Center for Radiation Therapy, Medical Specialties, Neurology Specialties,
Ophthalmology, Orthopedics, Psych/Social Work, Podiatry, Surgical Specialties, Women’s Health, Radiology & Nuclear Medicine and Rehabilitation 
  
 With a $19.5 million equipment budget, Source Atlantic provided: 
  

	 	•	 	An Assessment of Existing Capital Medical Equipment 

  

	 	•	 	A Line Item Budget for New and Existing Equipment 

  

	 	•	 	Specifications for Fixed and Major Moveable Equipment 

  

	 	•	 	CAD Services for Detailed Equipment Placement  

  
 South Shore Hospital, Weymouth, MA 
  
 Expansion of the Surgery, Emergency and Central Service Departments required planning and architectural and engineering coordination services to augment work previously
performed by the hospital. Additionally, Source Atlantic developed specifications, issued requests for proposals and negotiated final contract terms for over $10 Million worth of equipment and systems. 
  
 Fletcher Allen Healthcare, Ambulatory Care Center, Burlington, VT

  
 A new $300 million center adjacent to the hospital campus
including Ambulatory Pre-Assessment, Ambulatory Surgery/OR & Recovery, Anesthesia, Cardiac Services/Cardiac Lab, Central Processing, Clinical Laboratories, Dermatology, Hematology/Oncology & Chemo- Therapy, Medical Specialties, Neurology
Specialties, Ophthalmology, Orthopedics, Psych/Social Work, Podiatry, Surgical Specialties, Women’s Health, Radiology & Nuclear Medicine and Rehabilitation. 
  
 With over an $80 million equipment budget, Source Atlantic is providing: 
  

	 	•	 	An Assessment of Existing Capital Medical Equipment 

  

	 	•	 	A Line Item Budget for New and Existing Equipment 

  

	 	•	 	Specifications for Fixed and Major Moveable Equipment 

  

	 	•	 	Full Capital Equipment Procurement Services for 5 Years 

  

	 	•	 	Installation Management Services 

  

	 	•	 	CAD Services for Detailed Equipment Placement  

  

 7 

 Sampling of Other Clients: 
  

			
	 •      Children’s Hospital Boston, Boston, MA
	  	ICU/OR Renovation
	 •      Boston City Hospital, Boston, MA
	  	Replacement Facility
	 •      Novartis, Cambridge, MA
	  	New Research Facility
	 •      Yale-New Haven Hospital, New Haven, CT
	  	ICU/OR Renovation
	 •      Al-Amal Cancer Center, Amman, Jordan
	  	Design/Build Documents
	 •      Princess Margaret Hospital, Swindon, UK
	  	Complete Planning
	 •      Sonatrach Burn Unit, Algiers, Algeria
	  	Planning/Procurement
	 •      Sunderland NHS Trust, Sunderland, UK
	  	OB/Gyn Planning

  

 8 

 Methodology and Scope of Work 
  
 Capital Equipment 
 Planning & Management 
  
 

 
  
 Assessment (Quoted) 
  
 Prior to the conduction of a comprehensive inventory, an assessment of the equipment will be
performed. The results of the assessment are twofold; first, to familiarize planners with the equipment on site and to develop the basis for any cost reductions due to existing equipment that could be relocated. Secondly, experience has proven that
inventory conducted this early is usually futile. Time allows movement of assets, the addition of assets and items lost, requiring another inventory. The assessment permits Source Atlantic to review accurate assets and develop financial criteria
permitting either relocation and/or trade-in against the purchase of new equipment. The assessment team will review all major items of equipment looking to identify those with current and future value. While no asset tag will be affixed, the
location, condition and basic information of a “movable” piece of equipment will be collected. 
  
 Inventory (Not Quoted) 
  
 The inventory
phase consists of collecting data from all the items of medical equipment with a purchase value of over $500.00 within existing spaces that will move to the new facility. The Source Atlantic teams will collect the following data: 
  
 1. Existing asset tag number 
  
 2. Type of equipment (Radiology, Surgery, etc.) 

 
 3. Item Description 
  
 4. Manufacturer 
  
 5. Condition / Age 
  
 6. Serial Number 
  
 The data detailing existing equipment will be used for two purposes. The first will be to
lower the quantity of new equipment required by reusing existing equipment in good condition wherever feasible. The other reason is to utilize the existing equipment for leverage when negotiating procurement contracts. Typically, we have seen
vendors extend 20% to 25% of the purchase price of new equipment as a credit, should a client purchase their goods. 
  

 9 

 Planning/Budgeting (Quoted) 
  
 The planning portion of the project will commence with the receipt of the latest set of architectural plans and/or space planning documents.
Our initial task will be to identify all equipment planned within each room as detailed on architectural plans or described within the space program. We will prepare a budget based upon this information and provide an initial set of reports
detailing base electrical, mechanical and dimensional values. 
  
 This information
will be listed with our estimation of the value of existing equipment either as equipment to be moved, or traded in for a credit against new. 
  
 Later as the project progresses Source Atlantic will meet with the user groups, refine all plans and coordinate this information with the design team. The information a
Source Atlantic project planning reports: 
  

	 	•	 	List and detail each item of equipment by room or space 

  

	 	•	 	Estimate procurement costs for each item 

  

	 	•	 	Provide procurement totals for each department 

  

	 	•	 	Summarize procurement totals for the project 

  
 In addition, a comprehensive set of reports detailing the services required for each piece of equipment along with manufacturers cut sheets for every item of
“significant equipment”. Significant equipment is defined as anything requiring a service connection or that has a significant space requirement. 
  
 Through meetings with the user focus groups, the equipment submittals will be polished to reflect preferred manufacturers and models/types of equipment. 
  
 Coordination (Quoted) 
  
 This phase is critical to the success of the project. All the equipment information will be presented to the Architect, the hospital’s
facilities department and the consulting engineer. Every room and space will be completely reviewed so that everyone has a clear idea of what goes where, and what utility services are required. Our obligation during this phase is to do whatever is
necessary for the project to succeed with a minimum of rework by the architect and engineer. 
  
 Procurement (Quoted) 
  
 Source
Atlantic’s team works closely with the clinical staff and materials management department to prepare specifications that meet both the clinical need as well as the financial goals of The Client. Following the development of specifications; RFPs
are published to appropriate vendors. Once the proposals have been received, they are analyzed by the Source Atlantic team and then presented to The Client team. Equipment requirements can be aggregated with other Source Atlantic clients to increase
buying power. Negotiations then begin using a process that Source Atlantic has proven to provide the best possible value for our clients. 
  
 Installation Management (Quoted) 
  
 The culmination of the planning and procurement effort is to assure the client that what has been purchased is installed in the correct space and in good operating
condition. Our experience has proven the only way of guaranteeing this is accomplished is placing a Source Atlantic staff member on-site to manage the process. In addition to directing the installation process, the manager will be responsible for
general crisis resolution, scheduling of deliveries and the coordination of any vendor provided installation. We find the project progresses very smoothly with the placement of an on-site manager. 
  
 Capital Lease Financing (Not Quoted) 
  
 While this core services is directed at lease financing for capital equipment we offer a
diversified range of solutions able to accommodate financings between $1,500 to $100 million. 
  

 10 

 CAD Development and Revision Management (Quoted) 
  
 During the planning phase of our work, Source Atlantic will begin the placement of equipment in all rooms where medical equipment is
planned. The equipment placed will include the significant equipment, or that having significant footprint and/or service connection. CAD work will be limited to “Plan View” only and will be furnished in an Auto Cad version 2000 format to
the architect for review. We have planned for two revisions to be included after initial submittal. Source Atlantic expects the architect to supply Auto Cad version 2000 background floor plans with any equipment planned on a separate layer.

  
 Hourglass (Not Quoted) 
  
 Hourglass is a web-based suite of tools designed to manage Capital Equipment Planning
and its associated Budgeting and Procurement. Hourglass is comprised of three modules and is described below. 
  
 Request Management System (RMS) 
  
 RMS automates the capital equipment and project budgeting process. Users are able to source products via the Medical Equipment Directory (MED), and then
easily request capital items. A complete reporting system allows the information requested throughout the system to easily be accessed and reports generated. 
  
 Capital Allocation Planner (CAP) 
  
 CAP enables the forecasting of small and large-scale projects. Additionally, it allows the entire project team members immediate access to the information
and resources needed to effectively plan and complete projects on time and under budget. This includes document sharing (including all equipment lists) among the appropriate team members, facilitating better management of the logistics portion of
the project. Additionally, the system permits quick (running) updates, a complete audit trail of any changes and immediate (design team) access to all “cut sheets” and engineering data. 
  
 Medical Equipment Directory (MED) 
  
 MED is a capital equipment catalog comprised of over 10,000 items. It
includes all cut sheets, images and side-by-side comparisons of specifications, pricing and environmental requirements. 
  

 11 

 FEE ESTIMATE 
  
 Please note this estimate is preliminary and based on information received from Project Management Team. Any required additional work will be performed only after client
approval. 
  
 Assessment 
  
 Includes the assessment of existing spaces, identifying equipment that could be moved or
transferred. A report will be developed estimating the value of this existing equipment taken either as trade in against the purchase of new or as an offset for any new equipment planned. 
  

			
	Fee for Assessment	  	CONFIDENTIAL

  
 Planning/Budgeting

  
 Includes attendance of two client review meetings, development of
initial budget report and issuance of preliminary service and dimensional information. 
  

			
	Fee for Planning/Budgeting	 	CONFIDENTIAL

  
 Revised Proposal
as of April 27, 2004 
  
 Planning 
  
 Includes the attendance of six client review meetings, development of revised budgets,
issuance of revised service constraint reports and of manufacturers cut sheets. User review meetings will focus on the items most likely to require interface with the 
  

			
	Fee for Planning	 	CONFIDENTIAL

  
 Coordination 
  
 Includes attendance of four meetings to review equipment with the architect, engineer and
contractor to coordinate equipment with the design and construction schedule. Service constraint reports and cut sheets will be issues as required. 
  

			
	Fee for Coordination	 	CONFIDENTIAL

  
 Procurement 
  
 Includes the preparation of specifications and RFP (request for proposal) documents for
issuance to approved vendors. Additionally we will work with selected vendors and the hospital’s Materials Department to coordinate order of goods with the construction schedule. Last will monitor and report all commercial activites and issue
reports showing budget to actual cost. 
  

			
	Fee for Procurement	 	CONFIDENTIAL

  
 Installation Management
 
  
 Includes the placement of a Source Atlantic staff member
on site to review equipment as it’s delivered, check and verify on condition and type and to liaise with the contractor for problem resolution. We have delivered a day rate and will work with you to determine the right and sufficient amount of
time to perform this element. 
  

			
	Fee for Installation Management	 	CONFIDENTIAL

  

 12 

 CAD Equipment Placement Drawings 
  
 Utilizing the architects supplied background drawings; Source Atlantic will generate placement drawings displaying significant equipment in
plan view. Equipment will be placed and reviewed with the client and corrections made for issuance to the design team. 
  

			
	Fee for CAD Equipment Placement Drawings	 	CONFIDENTIAL

  
 Expense Estimate

  
 All expenses will be billed to you at the rate incurred with no added
mark up; presuming invoices presented for payment will be paid within thirty days. Any outstanding balance will be charged interest at 11⁄2% monthly. Expenses include direct costs associated with performing identified services such as CAD
Plotting, copying, blueprinting, shipping, Travel, Lodging and meals. Travel time is included within the service price. 
  
 Exclusions 
  
 Items not covered in the proposal include information services equipment (computers, printers, and servers), network design, office equipment (copiers, faxes), toilet accessories (mirrors, paper towel dispensers) and
casework. Source Atlantic can include all within our package of services, if requested to do so. 
  
 Deposit & Deliverables 
  
 Upon
execution of a contract a 10% deposit is requested to initiate the project. During the first days of the project we will work with you to determine the types of report requirements and the frequency of submission. Typically, we will deliver reports
detailing the equipment by space/room, a budget report and complete engineering details. Additionally, should you choose to accept the Hourglass proposal, you will have access to this information on-line. 
  
 REFERENCES 
  
 Greenwich Hospital, Greenwich, CT 
  

	 	•	 	Contact: 

 Mr. Quinton
Friesen 
 Senior Vice President 
 Chief Operating Officer 
 203.863.3903 
  
 South Shore Hospital, Weymouth, MA 
  

	 	•	 	Contact: 

 Mr. Kevin Walsh

 Facilities Director 
 781.340.8708 
  
 Healthcare International,
Scotland 
  

	 	•	 	Contact: 

 Mr. Albert Gillis

 Harvard Medical International 
 Senior Consultant 
 617.535.6400 
  

 13 

 Mid Coast Medical Center, Brunswick, ME 

	 	•	 	Contact 

 Mr. Phil Ortolani

 Senior Vice President 
 207.721.1350 
  
 St. Elizabeth’s Hospital

	 	•	 	Contact 

 Mr. John Holiver

 Chief Operating Officer 
 617.789.3000 
  
 We look forward to the
opportunity to work with St. Elizabeth Medical Center project team. Should you have any questions or comments regarding this proposal please do not hesitate to contact me at 781.871.8500. 
  

					
	 Sincerely yours,
	 	 	 	 
			
	

	 	 	 	 June 22, 2005

	 William B. McGowan Jr.
	 	 	 	 Date

	 President
	 	 	 	 

  
 Signature will confirm acceptance of
this proposal in its entirety. This proposal will serve as the governing document until such time as an official service agreement can be drafted and mutually agreed upon. 
  
 Accepted on behalf of Payette Associates: 
  
 AWAITING FINAL SIGNATURE – CONTRACT IS BEING PERFORMED 
  

			
		
	By:	 	 
		
	Name: 	 	 
		
	Title:	 	 

  

 14Adams Associates International Agreement

 Exhibit 10.12 
  
 

 
  
 CONSULTING SERVICES AGREEMENT

  
 This Consulting Services Agreement between Source Atlantic Inc., (SA) a
Delaware corporation, with its primary business located at 55 Accord Park Dr Rockland MA and Adams Associates International (Client) is entered into as of this 10th day of April, 2005 (“Agreement”). 
  
 1. Consulting Services. SA shall perform the service for the project identified in Attachment A Project Scope. The services provided by SA will be performed promptly, with diligence and in
a competent and professional manner and in accordance with the description of such services. 
  
 Any modification orders or revisions in specifications must be agreed to in writing by SA and may require a revision in the Scope of Work as well as fees to be paid to SA. Consulting Fees are subject to change six (6)
months after the effective date. 
  
 2. Consulting
Fees. Client shall pay to SA consulting fees as defined in the attached Consulting Services Rate Schedule Attachment B. Invoices must be paid within 30 days of the Billing Date. A late payment charge will be added to all overdue
accounts. The late payment charge will be calculated at the rate of 1.5% per month (annual percentage rate of 18%) or at the fixed fee of $100.00 whichever is greater, provided, however, that the rate shall in no event exceed the maximum rate
permitted by law. 
  
 3. Reimbursement. Client shall
reimburse Source Atlantic for goods sold in three (3) installments based upon schedule of equipment (attached) along with freight to port of entry and installation of goods at three (3) facilities in Akwa Ibom State, Nigeria. Source Atlantic
acknowledges that it is their responsibility to source, consolidate, ship to Port Harcourt Nigeria and install equipment where required. Furthermore, Source Atlantic acknowledges that the shipments and assigned payments will be in three traunches.
The first based upon 55% of the list and the remaining two of 22.5% of the list each. Shipments to be completed by September 01, 2005. 
  
 4. Term. The services provided under this Agreement shall commence on the date of the Work Order and end upon the completion of the Work Order
unless terminated pursuant to Section 10, or by mutual agreement of the parties. 
  
 5. Independent Contractor. SA is and will perform its obligations under this Agreement as an independent contractor and not as an employee or agent of Client. SA has the right to exercise full control of and
supervision over the performance of SA’s obligations hereunder and, as between Client and SA, SA is responsible for SA’s own acts and those of SA’s employees during the performance of SA’s obligations hereunder. 
  
 6. Confidentiality. SA shall not make available to any third
party, without the written consent of Client, any of Client’s confidential programs, reports, information or other confidential data or materials given to or used by SA hereunder which Client requests to be kept confidential by so indicating on
such confidential data or material or otherwise in writing. SA has the right to retain and use in any manner 

  

 “A New Model for Capital Planning, Forecasting and Cost Estimation” 
  
 55 Accord Park Dr. Rockland, Ma 02370 
 Ph: 781.871.8500 Fax: 781.871.1059 www.sourceatlantic.com 

 
copies of all programs, reports, information, working papers, interim documents, memoranda or other data or materials produced hereunder. Notwithstanding
anything contained herein to the contrary, SA may disclose such programs, reports, information, or other confidential data or materials if compelled by legal process, provided that SA has given written notice to Client of such legal process prior to
disclosure. 
  
 7. No Implied Warranties; Limited
Warranty. Except as expressly set forth in this Section 6, there are no warranties of any kind, either express or implied, including, but not limited to, any implied warranties of merchantability or fitness for a particular purpose.

  
 8. Limitation of Liability. IN NO EVENT SHALL SA
BE LIABLE FOR ANY INCIDENTAL, CONSEQUENTIAL, INDIRECT, SPECIAL, OR EXEMPLARY DAMAGES OF ANY NATURE, INCLUDING, BUT NOT LIMITED TO LOSS OF PROFITS, DATA, BUSINESS OR GOODWILL, EVEN IF SA HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

  
 9. Indemnification. Client shall indemnify and
hold harmless SA from and against all liability, loss, cost, damage or expense, including, but not limited to, lost profits, or other incidental or consequential damages, arising out of or in connection with this Agreement, for any reason other than
SA’s gross negligence or intentional misconduct. Client shall indemnify and hold harmless SA from and against any costs or expenses, including, but not limited to, attorney’s fees, incurred in the defense of any actual, threatened or
potential claim, action or other proceeding arising out of or in connection with this Agreement, for any reason other than SA’s gross negligence or intentional misconduct. 
  
 10. Intellectual Property. SA agrees that the work performed pursuant to Section 1 shall be considered a
“work for hire” and that Client shall be deemed Author thereof for copyright purposes. 
  
 11. Termination of Agreement. Other than as provided in Section 3, 
  

	 	a)	Client may terminate this Agreement upon the completion date for any phase of the service set forth on the attached Work Order by giving to SA thirty days’ prior notice of such
termination. 

  

	 	b)	SA may terminate this Agreement upon Client’s failure to make any payment pursuant to Section 2 or to provide SA with Client’s facilities pursuant to Section 1 hereof by
giving to Client written notice of such termination. 

  

	 	c)	In the event of termination of this Agreement, Client shall within 30 days, pay to SA all outstanding fees previously billed, together with fees for any work performed pursuant to
the Work Order, but not billed, and any actual out-of-pocket costs incurred by SA which are directly attributable to the uncompleted phase or phases set forth in the Work Order. 

  
 12. Entire Agreement; Amendments to Agreement. This Agreement
constitutes the entire agreement between the parties with respect to the consulting services described in the Work Order. No amendment to this Agreement shall be effective unless it is in writing and signed by the party against whom it is sought to
be enforced. 
  
 13. Notices. Any notice to be given
in connection with this Agreement shall be in writing, at the address set forth above, by hand delivery, recognized overnight courier, or return receipt mail. Notice shall be effective upon the countersigned date of receipt. 
  
 14. Client’s Covenant to Not Recruit SA Personnel. Client
agrees that during the term of this agreement and for one year thereafter, Client shall not directly or indirectly solicit for employment or employ any employee, agent, independent contractor or consultant of SA. 
  

 “A New Model for Capital Planning, Forecasting and Cost Estimation” 
  
 55 Accord Park Dr. Rockland, Ma 02370 
 Ph: 781.871.8500 Fax: 781.871.1059 www.sourceatlantic.com 

 15. Liquidation of Damages. While the losses to SA from a breach by Client of the provisions
of Section 13 would be substantial, proving such damages would be costly, impractical and extremely difficult. Accordingly, the parties have agreed that, if during the term of this Agreement and for a one (1) year period thereafter Client, directly
or indirectly (through any affiliate, related party or otherwise) breaches the provisions of Section 13, then Client will pay to SA a replacement and retraining fee in an amount equal to the total annualized compensation paid to or to be paid to
such employee (or independent contractor). The parties agree that the replacement and retraining fee set forth above is a reasonable sum considering all of the circumstances existing on the date of this Agreement. Client agrees that SA shall be
entitled to injunctive relief to enforce provisions of Section 13. 
  
 16.
Survival. The provisions of Sections 5, 6, 7, 8, 9 and 13 shall survive the termination of this Agreement. 
  
 17. Miscellaneous. This Agreement is binding on and shall inure to the benefit of the parties and their respective heirs, legal
representatives, successors and assigns. This Agreement shall be governed by and construed and enforced in accordance with the laws of the Commonwealth of Massachusetts. If any of the provisions of this Agreement shall be invalid or unenforceable,
such invalidity or unenforceability shall not invalidate or render unenforceable the entire Agreement, but rather the entire Agreement shall be construed as if not containing the invalid or unenforceable provision or provisions and the rights and
obligations of the parties shall be construed and enforced accordingly. 
  
 IN
WITNESS WHEREOF, the parties hereto executed this Consulting Services Agreement as of the date first set forth above. 
  

			
	SOURCE ATLANTIC INC
		
	 By:
	 	 /s/ William McGowan, President

	
	ADAMS ASSOCIATES INTERNATIONAL
		
	 By:
	 	 /s/ Adams Associates International

  

 “A New Model for Capital Planning, Forecasting and Cost Estimation” 
  
 55 Accord Park Dr. Rockland, Ma 02370 
 Ph: 781.871.8500 Fax: 781.871.1059 www.sourceatlantic.com 

 Attachment A 
 Project Scope 
  
 Name of Project:

  
 Adams Associates International (Port Harcourt)

  
 Description of Project: 
  
 Procurement, Consolidation and Shipping of Identified products from Port of
Boston to Port Harcourt Nigeria 
  
 SA Responsibilities: 
  

	 	1.	Order all equipment and coordinate consolidation of same in preparation of inspection and shipping. 

  

	 	2.	Provide AAI with the following information so a request for inspection can be initiated: 

  

	 	a.	Inspection location, address, contact person and phone number. 

  

	 	b.	Verify with AAI the date when shipment will be ready for inspection. 

  

	 	c.	For Invoice preparation by Adam & Associates International: E-mail to Violet Regina at AAI (vregina@adamintl.com) an Excel spreadsheet with all the items in the shipment.
This will be used by AAI to create a Final Invoice from AAI to be e-mailed to Intertek with the request for inspection and a Commercial Invoice to be submitted to HSBC. 

  

	 	i.	The spreadsheet should have the following columns: 

  

	 	1.	Item Number (Starting with 1, consecutively number each different item shipped. The numbers should be the same as on the Packing List) 

  

	 	2.	HS Code These can be found on the following website: 

  

	 	a.	www.census.gov/foreign-trade/schedules/b/index.html 

  

	 	3.	Item Description—Should be exactly as on the Packing List. 

  

	 	4.	Total quantity 

  

	 	5.	Unit price 

  

	 	6.	Total price 

  

	 	d.	Provide AAI with technical specifications and/or product data sheets for the equipment as appropriate. This is required by Intertek 

  

	 	e.	Provide AAI with written certification that equipment has been tested and is in working order. This is required by Intertek. 

  

	 	f.	For Packing List preparation by AAI: E-mail to AAI an Excel spreadsheet with details of all items to be shipped. This will be used by AAI to produce the packing list.

  

	 	i.	The spreadsheet for the packing list must have the following columns: 

  

	 	1.	Item Number ( Starting with 1, consecutively number each different item shipped. The numbers should be the same as on the invoice. 

  

 “A New Model for Capital Planning, Forecasting and Cost Estimation” 
  
 55 Accord Park Dr. Rockland, Ma 02370 
 Ph: 781.871.8500 Fax: 781.871.1059 www.sourceatlantic.com 

	 	2.	Item description—Should be the same as on the invoice. 

  

	 	3.	Unit of Measure 

  

	 	4.	Quantity 

  

	 	5.	Weight 

  

	 	2.	Coordinate with Panalpena (sp?) for receipt of goods at Panalpina for inspection. 

  

	 	3.	Provide AAI with copy of inspectors report documenting any discrepancies with packing list. 

  

	 	4.	Source Atlantic should obtain from all of its vendors certificates/documentation of origin of all goods to be shipped as documentation for the Certificate of Origin that Source
Atlantic will provide to AAI. 

  

	 	5.	Provide AAI three (3) paper originals and one (1) copy of your Source Atlantic combined invoice and certificate of value and origin duly signed by Chamber of Commerce of Source
Atlantic choice. 

  

	 	6.	Provide AAI with one full set-originals and three (3) non-negotiable copies of on board ocean bill of lading. Each page of original must be signed. 

 

	 	a.	It is advisable to review draft of Bill of Lading with AAI before originals are issued by the shipping company. 

  

	 	7.	Instructions to bank re: payments to vendors. . . . . . .yet to be determined. 

  

“Client” Responsibilities 
  

	 	1.	Prepare Final Invoice and Packing List with information e-mailed by Source Atlantic. 

  

	 	2.	E-mail request for inspection form with all required documents including Packing List, Final Invoice, technical specifications and/or data sheets, and certification of equipment
testing to Intertek at least 3 days prior to inspection date. 

  

	 	3.	Provide Source Atlantic templates for certificate of compliance and certificate of origin 

  

	 	4.	Provide Source Atlantic with LC required language/information that must be included on Bill of Lading. 

  

	 	5.	Verify receipt of inspection report by Intertek 3-4 days after inspection. 

  

	 	6.	Send to Intertek: 

  

	 	a.	2 originals of Final Invoice 

  

	 	b.	a true, certified copy of bill of lading received from Source Atlantic 

  

	 	7.	Prepare Commercial Invoice 

  

	 	8.	Send communication, letter and required documents to CDB** as specified in the Letter of Credit. 

  

	 	9.	Submit multiple originals and copies of required documents to HSBC for payment against L/C. 

  
 Intertek 
  

	 	1.	Send AAI notification of reference number for this project. 

  

	 	2.	Schedule inspection and notify AAI of date. 

  

	 	3.	Verify with AAI that inspection report has been received by Intertek. 

  

	 	4.	Provide AAI with Clean Report of Inspection. 

  

 “A New Model for Capital Planning, Forecasting and Cost Estimation” 
  
 55 Accord Park Dr. Rockland, Ma 02370 
 Ph: 781.871.8500 Fax: 781.871.1059 www.sourceatlantic.com 

	 	5.	Return original of Final Invoice with official seal/stamp to AAI. 

  

	*	HSBC – bank in London that will be handling the letter of credit 

  

	**	CDB – Co-operative Development Bank PLC in Nigeria – bank issuing the Letter of Credit. 

  

 “A New Model for Capital Planning, Forecasting and Cost Estimation” 
  
 55 Accord Park Dr. Rockland, Ma 02370 
 Ph: 781.871.8500 Fax: 781.871.1059 www.sourceatlantic.com

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