Document:

Unassociated Document

    Exhibit
      10.14

    

    MANAGEMENT
      AGREEMENT

     

    MANAGEMENT
      AGREEMENT (this "Agreement")
      dated
      ____________, 200__, by and between Newco_____________, a Florida __________
      having offices at 2295 North West Corporate Blvd., Suite 140, Boca Raton,
      Florida 33431 (hereinafter, "Management
      Company"),
      and
      Basic Care Networks, Inc., a Delaware corporation with its principle place
      of
      business at 4270 Promenade Way, Suite 226, Marina Del Ray, California 90292
      (“Basic
      Health”)
      together with its wholly-owned subsidiaries consisting of Choice Medical
      Centers, Inc., Injury Treatment Center of Coral Springs, Inc., Chiro-Medical
      Associates of Hollywood, Inc., Injury Treatment Center of Boynton Beach, Inc.,
      Injury Treatment Center of South Florida, Inc., Neuro Massage Therapists, Inc.,
      Injury Treatment Center of Fort Lauderdale, Inc. and Southeast MRI,
      Inc.
(individually,
      a “Subsidiary Entity” and collectively, the “Subsidiary
      Entities”).

     

    STATEMENT
      OF BACKGROUND FACTS

     

    WHEREAS,
      the Subsidiary Entities are engaged in the business of treating neuro-muscular
      skeletal injuries by and through clinics operated by the Subsidiary Entities;
      and

     

    WHEREAS,
      the parties hereto desire that Management Company shall manage and operate
      the
      Subsidiary Entities on Basic Health’s behalf under the terms of this written
      Agreement.

     

    NOW,
      THEREFORE, in consideration of mutual covenants herein contained, and for other
      good and valuable consideration, the receipt and sufficiency of which is hereby
      acknowledged, the parties hereto, intending to be legally bound, agree as
      follows:

     

    SECTION
      1. DUTIES

     

    1.1 Basic
      Health hereby appoints Management Company, and Management Company hereby accepts
      an appointment, on the terms and conditions hereinafter set forth, to serve
      as
      the manager of the Subsidiary Entities on Basic Health’s behalf commencing as of
      the date of this Agreement. During the term of this Agreement, Management
      Company shall, in a manner consistent with the strategic direction set by the
      Board of Directors of Basic Health, serve as the management company for the
      Subsidiary Entities and perform such administrative and operational services
      as
      are required, reasonably necessary or reasonably desired by Basic Health in
      connection with the management and operations of Subsidiary Entities, and which
      duties shall include those as are generally performed by a management company
      performing a similar function in the Subsidiary Entities’ industry. Accordingly,
      the day-to-day operations of the Subsidiary Entities shall be under the
      supervision and direction of Management Company, and Management Company shall
      bear the responsibility for making all ordinary decisions for the respective
      Subsidiary Entities. By way of clarification and not limitation, and except
      as
      otherwise provided herein, and subject to the limitations herein provided,
      Management Company shall, in
      the
      name of, for the account of, at the expense of, and from the General Account
      (as
      hereinafter defined) of each respective Subsidiary Entity,
      execute,
      supervise, oversee, and take
      all
      commercially reasonable action necessary with respect to
      all
      matters within the respective Subsidiary Entities' ordinary course of business,
      including the following:

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	(A)  	
              Developing
                and implementing policies with respect to public relations, marketing
                and
                advertising of services, and contracting with third parties for the
                provision of the same;

            

    

     

    
      	(B)  	
              Hiring,
                supervising, assigning the duties of, and termination of employees,
                including, but not limited to, all managerial and working staff,
                department heads, physicians (to the extent such supervision does
                not
                interfere with doctor-patient relationship), repair companies, payroll
                service providers, human resource services/benefits programs, and
                all
                other agents and vendors/contractors that are outsourced (collectively,
                the "Employed
                Persons");

            

    

     

    
      	(C)  	
              Determining
                salaries, bonuses, benefits, and/or business related expenses
                (collectively the “Support
                Costs”)
                for all Employed Persons; 

            

    

     

    
      	(D)  	
              Assisting
                with the procurement and maintenance of all licenses, certificates,
                permits, or other authorizations necessary for the operation of the
                Subsidiary Entities;

            

    

     

    
      	(E)  	
              Causing
                to be timely paid, from the General Accounts (as hereinafter defined),
                all
                property, sales and use, occupancy and other taxes, as well as all
                licenses, certificates, permits, authorizations and examination fees,
                and
                all other charges which are lawfully levied on the Subsidiary Entities
                (excluding income and capital stock
                taxes);

            

    

     

    
      
         

      

      
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      	(F)  	
              Causing
                each of the Subsidiary Entities to observe and comply in a timely
                manner
                with, and pay all related costs in connection with, all applicable
                Federal, state, and local statutes, rules, regulations, ordinances,
                and
                orders affecting their respective operations, including without limitation
                those laws relating to withholding taxes, social security taxes,
                unemployment insurance, disability insurance, immigration and
                naturalization laws, and the Fair Labor Standards
                Act;

            

    

     

    
      	(G)  	
              Negotiating,
                contracting for and procuring all facility services, related materials
                and
                supplies required to operate the Subsidiary Entities, including without
                limitation, electricity, gas, water, steam, cleaning, vermin
                exterminators, elevator and boiler maintenance, air conditioning
                maintenance, and other necessary utilities and
                services;

            

    

     

    
      	(H)  	
              Negotiating,
                contracting for and procuring all leases, licenses or contracts for
                all
                other services and operations, consistent with past practices or
                as
                otherwise reasonably necessary in the operation of the Subsidiary
                Entities; and

            

    

     

    
      	(I)  	
              Procuring
                all inventories, provisions, supplies and equipment reasonably necessary
                to properly maintain and operate the Subsidiary
                Entities.

            

    

     

    1.2 Notwithstanding
      anything herein to the contrary, the authority of Management Company to manage
      the Subsidiary Entities shall not include the authority to take any of the
      following actions without the express prior written consent of Basic
      Health:

     

    
      	(A)  	
              Select,
                contract for, employ, engage, supervise, assign duties of, or terminate
                accountants or attorneys (hereinafter “Employed
                Professionals”)
                of the Subsidiary Entities; or

            

    

     

    
      	(B)  	
              Cause
                any Subsidiary Entity to make a capital expenditure, or series thereof,
                in
                excess of $25,000.

            

    

     

    
      
         

      

      
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    1.3 As
      this
      is a contractor relationship, Basic Health and Management Company hereby
      acknowledge and agree that the Subsidiary Entities shall have no right to
      control the manner, means, or method by which Management Company performs the
      services called for by this Agreement; provided,
      however,
      that the
      Subsidiary Entities shall be entitled to (i)
      direct
      Management Company, in a manner consistent with this Agreement, with respect
      to
      the elements of services to be performed by Management Company and the results
      to be derived, and
      (ii)
      review
      and assess the performance of such services for the purposes of assuring that
      such services have been performed and confirming that such results were
      satisfactory. Notwithstanding anything herein to the contrary, Management
      Company agrees to perform such duties, as are assigned or delegated to
      Management Company by the Board of Directors of Basic Health (the “Board of
      Directors” or “Board”), consistent with industry standards and practices, and
      Management Company further agrees to observe and comply with the direction
      of
      Basic Health in respect to the duties to be performed by it, and shall report
      directly to the Chairman of the Board. The parties agree that Management Company
      shall implement, when requested, legally compliant Medicare and/or Medicaid
      programs upon the parties mutual consent of the manner of implementation.

     

    1.4 Management
      Company hereby agrees to use all reasonable commercial efforts, and to devote
      such time, attention, skill and energy to the business of the Subsidiary
      Entities, as was previously expended by the Subsidiary Entity’s former
      president, Gary Brown, prior to their acquisition by Basic Health so as to
      fully
      perform its duties and promote the success of the business of the Subsidiary
      Entities. Management Company hereby agrees to cooperate fully with Basic Health
      in the advancement of the best interests of the Subsidiary Entities, and in
      that
      regard, and as consideration for this Agreement, Management Company hereby
      agrees to comply with, and abide by, such rules and directives as may be
      reasonably established from time to time by Basic Health, and recognizes the
      right of Basic Health, in its reasonable discretion, to change, modify or adopt
      new policies and practices affecting the Subsidiary Entities; provided such
      new
      policies and practices do not fall below the level of compliance reasonably
      deemed to be necessary by the Management Company or otherwise conflict with
      the
      Sarbanes-Oxley Act, or any other Federal, state or local laws, and associated
      ordinances, regulations or rules, as the foregoing may be amended from time
      to
      time.

     

    
      
         

      

      
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    1.5 General
      Accounts, Payments, and Distributions.

     

    (A) Upon
      Basic Health’s approval, which shall not be unreasonably withheld, Management
      Company, on behalf of Subsidiary Entities, shall establish a bank account for
      each of the Subsidiary Entities, in the Subsidiary Entities' respective names
      (individually, a “General
      Account”,
      and
      collectively, the "General
      Accounts").
      Management Company shall deposit all funds generated and collected from the
      operation of the Subsidiary Entities in their respective General Accounts.
      All
      funds deposited shall be held by the bank for the benefit of Subsidiary
      Entities. Management Company shall be an authorized signatory on all such
      accounts.

     

    (B) The
      General Account of each of the Subsidiary Entities shall be used to pay all
      costs and expenses of the respective Subsidiary Entities, as permitted and/or
      required under this Agreement, and by way of clarification and not limitation,
      funds from the General Accounts may be disbursed by Management Company to
      Management Company so as to pay its Management Fee (defined below), and to
      pay
      all other expenses of the Subsidiary Entities incurred in the operation and
      maintenance of the Subsidiary Entities pursuant to this Agreement including,
      but
      not limited to, the
      costs
      and expenses (“Support Costs”) of any Employed Professionals of the respective
      Entities.
      It is
      understood and agreed that to facilitate the payment of expenses for the
      Subsidiary Entities (such as payroll), Management Company may elect to make
      such
      payments from an account maintained by Management Company for making such
      payments with regard to the Subsidiary Entities; and, Management Company shall
      be entitled to withdraw from the General Accounts of the Subsidiary Entities,
      and to deposit in such other account, from time to time, an amount equal to
      the
      checks to be drawn upon such other account for the payment of expenses of the
      Subsidiary Entities; provided,
      however,
      that
      any such other accounts have been approved in advance by Basic Health. All
      bank
      accounts shall be owned by the respective Subsidiary Entities, and shall be
      operated by Management Company as the agent thereof.

     

    1.6 Notwithstanding
      anything herein to the contrary, the parties hereto agree that:

     

    (a) Management
      Company may maintain petty cash funds and make payments therefrom, as the same
      are understood and employed generally in the Subsidiary Entities
      businesses.

     

    
      
         

      

      
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    (b) Management
      Company shall keep its own funds separate and apart from the Subsidiary
      Entities' funds.

     

    (c) Management
      Company shall not be required to incur any liability or obligation for
      Subsidiary Entities' account without assurances satisfactory to Management
      Company that the funds necessary for the discharge thereof will be provided
      by
      the Subsidiary Entities.

     

    (d) Management
      Company shall, subject to the reasonable direction and ultimate control of
      Basic
      Health, provide cash management for all funds of Subsidiary Entities managed
      by
      Management Company for the purpose of this Agreement, the term "cash management"
      shall mean expediting cash inflows, controlling cash outflows.

     

    (e) Basic
      Health shall use all commercially reasonable efforts to maintain a minimum
      balance in the General Account of each Subsidiary Entity of not less than
      $30,000.00, and to cause the prompt replenishment thereof at anytime such
      accounts fall below such minimum amount. If the balance in the General Account
      of any Subsidiary Entity falls materially below $30,000.00, Management Company
      shall promptly (within 5 business days thereof) notify Basic Health, and request
      that it cause the Subsidiary Entity to replenish the General Account. Basic
      Health or the Subsidiary Entity shall replenish the General Account within
      five
      (5) business days after receipt of notification. If the General Account is
      not
      materially replenished in the prescribed time, Management Company may terminate
      this Agreement at any time thereafter, and Basic Health shall pay Management
      Company the Termination Fee stated hereunder. Further, any transfer of funds
      made by Basic Health from a Subsidiary Entity’s General Account to Basic Health
      or other third party as a distribution shall not, after giving effect to such
      distribution, (i) cause the Subsidiary Entity to not be able to pay its debts
      as
      they become due in the usual course of business; or (ii) cause the Subsidiary
      Entity’s total assets to be less than the sum of its total liabilities plus the
      amount that would be needed, if the corporation were to be dissolved at the
      time
      of the distribution, to satisfy the preferential rights upon dissolution of
      shareholders whose preferential rights are superior to those receiving the
      distribution. 

     

    (f) Management
      Company shall have no liability or responsibility for any Support Costs
      associated with any Employed Person or Employed Professionals, or otherwise
      be
      required to advance or loan any Support Costs from Management Company’s own
      funds and accounts, or to incur
      any
      other debt or obligation on behalf of a Subsidiary Entity if there are
      insufficient funds in the General Account to cover any such debt or
      obligation.

     

    
      
         

      

      
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    Basic
      Health shall be responsible for and otherwise cause, all audits, reports and
      required filings associated with securities regulation matters.

     

    When
      requested, the Management Company shall report all status of its performance
      to,
      and receive associated assessments from the Board of Basic Health.

     

    1.7 At
      the
      Subsidiary Entities’ respective expense, Management Company shall cause to be
      maintained, at its principal office, full, adequate and separate books and
      records as are necessary to reflect all transactions of the Subsidiary Entities
      and of Management Company with respect to the Subsidiary Entities. Such books
      and records shall be kept in a manner such that accounting statements may be
      prepared in accordance with Generally Accepted Accounting Principles ("GAAP").
      Basic Health and the Subsidiary Entities shall have the right and privilege
      of
      examining such books and records at the Management Company's principal office
      at
      any and all reasonable times during normal business hours. Management Company
      shall not destroy, dispose of, or remove to another location any such books
      or
      records, except by delivery thereof to Basic Health, or as Basic Health may
      otherwise instruct. Upon termination of this Agreement, all books and records
      shall be forthwith delivered to Basic Health, but all such books and records
      shall thereafter be available to Management Company at all reasonable times
      for
      inspection, audit, examination, and transcription for a period of not less
      than
      seven (7) years from the date of said termination.

     

    1.8 Within
      thirty (30) days after the end of each calendar quarter, Management Company
      shall direct the relevant Employed Persons and instruct the relevant Employed
      Professionals, selected by Basic Health, to deliver to Basic Health an
      accounting for the operations of the Subsidiary Entities, including a detailed
      profit and loss statement and balance sheet showing the results of operation
      of
      the Subsidiary Entities for the preceding quarter and for the calendar year
      (the
      "Fiscal Year") to date and the cash needs, if any, for the subsequent three
      months. Such statements shall be calculated on the accrual method and prepared
      in accordance with GAAP. Management Company shall also cause to be delivered
      to
      Basic Health such other financial and operating reports, reasonably available
      to
      Management Company, as Basic Health shall request.

     

    
      
         

      

      
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    1.9 Within
      thirty (30) days after the end of each Fiscal Year, Management Company shall
      direct the relevant Employed Persons and instruct the relevant Employed
      Professionals, selected by Basic Health, to deliver to Basic Health unaudited
      financial statements including a detailed balance sheet, a statement of cash
      flows and an income and expense statement showing the results of operations
      of
      the Subsidiary Entities during such Fiscal Year. Such financial statements
      shall
      be calculated according to the methods determined by Basic Health, and in
      accordance with GAAP.

     

    1.10 Management
      Company
      shall
      maintain materially complete and accurate records of its receipts from the
      Subsidiaries operations to pay its Management Fees. Upon Basic Health’s
      reasonable request, Management Company
      shall
      make such records, and all other documents and materials in the possession
      or
      control of Management Company available to Basic Health for examination.
Basic
      Health shall have the right, at any time, to cause an audit of the books,
      records, and operations of the Subsidiary Entities to be made by an independent
      certified public accounting firm. Management Company agrees to cooperate fully
      with such auditors, and shall make available to them any and all information
      concerning the Subsidiary Entities. Basic Health shall deliver to Management
      Company copies of all financial reports regarding the Subsidiary Entities
      promptly after they are received from such auditors. Any adjustment to any
      Management Fee required because of the results of such audit shall be made
      by
      the parties within ten (10) business days of receipt of the audit. The cost
      of
      any such independent audit shall be an administrative and general expense of
      the
      Subsidiary Entities for the Fiscal Year in which such audit occurs.

     

    SECTION
      2. COMPENSATION

     

    2.1 As
      consideration for its services during the term of this Agreement, Basic Health
      will compensate and pay Management Company One Hundred Thousand Dollars
      ($100,000.00) per year, as a Management Fee. Such compensation shall be paid
      to
      Management Company in equal payments at bi-weekly intervals.

     

    
      
         

      

      
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    2.2 Basic
      Health will reimburse Management Company, out of the General Accounts, for
      all
      reasonable expenses actually incurred by Management Company at the request
      of
      Basic Health or on behalf of the Subsidiary Entities in the performance of
      Management Company’s duties hereunder and in accordance with Basic Health’s
      policies and previously approved by Basic Health; provided,
      however,
      that
      proper itemization of said expenses is furnished to Basic Health by Management
      Company. All such expenditures shall be subject to the reasonable control of
      Basic Health.

     

    2.3 Management
      Company shall bear sole responsibility for payment of federal and state income
      tax withholding, social security taxes, and unemployment insurance applicable
      to
      Management Company, and Management Company shall bear sole responsibility for
      any of its own health or disability insurance, retirement benefits, or other
      welfare or pension benefits (if any).

     

    2.4 Notwithstanding
      any other workers' compensation or insurance policies maintained by Subsidiary
      Entities, Management Company shall, if not otherwise exempt, procure and
      maintain workers' compensation coverage sufficient to meet the statutory
      requirements.

     

    2.5 Management
      Company shall receive a management bonus (“Bonus”) plan consisting of an annual
      payment equal to 20% of any increase in the EBITDA of any Subsidiary Entity
      compared to the EBITDA of the Subsidiary Entity for the twelve (12) months
      ended
      September 30, 2005. In addition to the foregoing, the Bonus plan shall include
      an annual payment equal to 20% of the Subsidiary Entities’ EBITDA on new
      locations opened after the date of this Agreement. All Bonus calculations will
      be made prior to any reductions associated with corporate (parent company)
      inter-company debt payments, and overhead/burden rate assessments.

     

    SECTION
      3. CONFIDENTIALITY
      AND MATERIALS

     

    3.1 Management
      Company acknowledges that in performing its respective obligations under this
      Agreement, Management Company may have access to the Confidential Information
      of
      the Subsidiary Entities. Management Company agrees that during the term of
      this
      Agreement, and for a period of two (2) years thereafter, Management Company
      will
      not use, copy, disclose, or permit any unauthorized person access to, any
      Confidential Information of the Subsidiary Entities except in connection with
      its obligations hereunder. Any data or other materials owned by Subsidiary
      Entities which it furnishes for use by the Management Company in connection
      with
      the obligations under this Agreement, including other Confidential Information
      of third parties, shall remain the sole property of the Subsidiary Entities,
      shall be held in confidence by the Management Company in accordance with the
      provisions of this Section 3.1, and shall be returned to the Subsidiary Entities
      or destroyed by the Management Company and certified as destroyed to the
      Subsidiary Entities upon termination of this Agreement. These restrictions
      shall
      not be construed to apply to (1) information generally available to the public,
      (2) information released by Subsidiary Entities or its clients or contractors,
      as the case may be, generally without restriction, (3) information approved
      in
      writing by Subsidiary Entities or its clients or contractors, as the case may
      be, for Management Company’s use and disclosure without restriction, or (4)
      knowledge, experience, information or data independently developed by Management
      Company without the use of any Confidential Information provided by Subsidiary
      Entities, or knowledge, experience, information or data that was rightfully
      in
      Management Company’s possession prior to disclosure by Subsidiary
      Entities.

     

    
      
         

      

      
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    3.2 Management
      Company further agrees that for the term of this Agreement, Management Company
      will not induce (or attempt to induce) or encourage any employee, officer,
      director, sales representative, agent, Vendor, or independent contractor of
      Subsidiary Entities to terminate its relationship with Subsidiary Entities
      other
      than in the ordinary course of business, or unless any of the foregoing is
      already an affiliate, Vendor, or independent contractor of Management Company.
      

     

    SECTION
      4. LIMITATION
      OF LIABILITY

     

    4.1 Except
      as
      expressly provided in this Agreement, Management Company does not make any
      warranty, express or implied, with respect to the results obtained from
      Management Company’s work, including, without limitation, any results in
      operation or profitability of the Subsidiary Entities. In no event shall
      Management Company be liable for consequential, incidental, special, or indirect
      damages, or for acts of negligence that are not intentional, regardless of
      whether it has been advised of the possibility of such damages; provided,
      however,
      nothing
      herein shall relieve Management Company from gross negligence.

     

    
      
         

      

      
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    SECTION
      5. RESTRICTIONS
      ON COMPETITION

     

    5.1 During
      the term of this Agreement, Management Company will not compete with the
      Subsidiary Entities by engaging in, promoting, assisting (financially or
      otherwise), or consulting with any business, enterprise or activity which
      competes with the business of treating neuro-muscular skeletal injuries (the
      “business area”) in Palm Beach, Broward and/or Lee Counties. Notwithstanding the
      foregoing, and for clarity, the business area shall not include billing support
      and management, pharmaceuticals and or nutraceutical sales as well as law firm
      consulting.

     

    5.2 Notwithstanding
      the foregoing, nothing contained in this Section 5 shall be deemed to preclude
      Management Company from owning less than five percent (5%) of the combined
      voting power of all issued and outstanding voting securities of any publicly
      held corporation whose stock is traded on a stock exchange or quoted on
      NASDAQ.

     

    SECTION
      6. TERM
      AND
      TERMINATION

     

    6.1 Basic
      Health hereby contracts with Management Company to perform the administrative
      services as defined hereunder, and Management Company hereby accepts this
      engagement and agrees to render such services to the Subsidiary Entities on
      the
      terms and conditions set forth in this Agreement for a term of three (3) years
      commencing the Closing Date of the sale of the Subsidiary Entities’ to Basic
      Health (the “Initial Term”). The three (3) year term provided for herein shall
      be renewed for succeeding terms of (1) year upon the mutual written consent
      of
      the parties, at least thirty (30) days prior to the end of the Initial Term,
      or
      any extended term. The amount of reasonable compensation payable in each such
      successive period shall, within the thirty (30) days prior to the expiration
      hereof, in good faith be re-negotiated by the parties to arrive at a mutually
      acceptable amount. In the event Management Company is terminated without cause,
      then Management Company will be paid the aggregate of all unpaid compensation
      pro-rated to that termination date and in addition thereto, Management Company
      shall receive a severance payment (“Severance Payment”) consisting of monthly
      payments equivalent to Management Company’s monthly compensation for the
lesser
      of (i)
      twelve
      (12) months, or
      (ii)
      the
      remaining period of time between the termination date and the end of the then
      current term as well as Bonus payments accruing through the end of the then
      current term calculated in accordance with Section 2 hereof.

     

    
      
         

      

      
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    6.2 Basic
      Health may terminate the Management Company without Severance Payment for Cause,
      which without limiting the generality of the foregoing, shall
      include:

     

    (A) If
      there
      is a repeated failure on the part of the Management Company to perform the
      material duties in a competent manner after 30 days prior written notice and
      Management Company’s failure to cure.

     

    (B) If
      Management Company or any of its officers is convicted
      of a criminal offense involving fraud or dishonesty or any offense similar
      thereto.

     

    (C) Fraud
      or
      conversion relative to the Subsidiary Entities.

     

    (D) If
      the
      Management Company fails to honor its fiduciary duties to the Subsidiary
      Entities.

     

    (E) If
      Management Company or any its officers makes any personal profit arising out
      of
      or in connection with a transaction to which the Subsidiary Entities is party
      without making disclosure to and obtaining the prior written consent of the
      Board of Directors, excluding herefrom, (i)
      any
      increase in the value of current shareholdings, share option or share purchase
      plans, and
      (ii)
      the
      Management Fees, Bonus and other compensation earned pursuant to Section 2
      hereof.

     

    6.3 This
      Agreement shall terminate without notice in the event Management Company commits
      any act of bankruptcy, or a petition for involuntary bankruptcy is filed against
      Management Company, or Management Company makes a general assignment for the
      benefit of creditors under the bankruptcy or insolvency laws.

     

    6.4 If
      this
      Agreement is terminated for any reason whatsoever, the provisions of Sections
      3
      shall survive termination of this Agreement.

     

    
      
         

      

      
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    6.5 Basic
      Health may request Management Company, upon termination of this Agreement,
      to
      cause to be provided to Basic Health, at Basic Health’s expense, or any third
      party designated by Basic Health, all of the following information:

     

    
      	(A)  	
              Financial
                Statement Information

            

    

    
      	(B)  	
              Sales
                Tax Filings

            

    

    
      	(C)  	
              Federal
                & State Tax Filings

            

    

    
      	(D)  	
              Transfer
                of Accounting paperwork to Subsidiary
                Entities

            

    

    
      	(E)  	
              Payroll
                Tax Reporting/Summary, Unemployment

            

    

    
      	(F)  	
              Vacation
                Accruals & Adjustment

            

    

    
      	(G)  	
              Transfer
                of Licenses and Permits

            

    

    
      	(H)  	
              Vendor
                Status Reports

            

    

    
      	(I)  	
              Accounts
                Payable (30-90 days)

            

    

     

    Should
      Basic Health make this request of Management Company, Management Company shall
      be entitled to an additional fee equal to one month’s management fee (the "Close
      Out Fee").

     

    SECTION
      7. MISCELLANEOUS

     

    7.1 This
      Agreement shall inure to the benefit of, and be binding upon, Basic Health
      and
      the Subsidiary Entities and its subsidiaries and affiliates, together with
      their
      successors and assigns, and Management Company, together with Management
      Company’s successors and assigns.

     

    7.2 This
      Agreement merges and supersedes all prior and contemporaneous agreements,
      undertakings, covenants, or conditions, whether oral or written, express or
      implied, with respect to the subject matter hereof.

     

    7.3 Management
      Company shall not be liable to Subsidiary Entities for any failure or delay
      caused by events beyond Management Company's control, including, without
      limitation, Basic Health’s failure to furnish necessary information; natural
      disasters, sabotage; failure or delays in transportation or communication;
      failures or substitutions of equipment; labor disputes; accidents; shortages
      of
      labor, fuel, raw materials or equipment; or technical failures.

     

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    7.4 The
      interpretation and construction of this Agreement, and all matters relating
      hereto, shall be governed by and enforced in accordance with the internal laws,
      and not the law of conflicts, of the state of Florida applicable to all
      agreements made and to be performed in such state. The parties hereto agree
      that
      all actions and proceedings relating directly or indirectly hereto shall be
      litigated in any state court or federal court located in Palm Beach County
      Florida, and the parties hereto expressly consent to the jurisdiction of any
      such courts and to venue therein and consent to service of process in any action
      or proceeding by certified or registered mailing of the summons and complaint
      therein directed to the parties at their respective addresses set forth in
      this
      Agreement. In the event of a dispute arising out of this Agreement, the
      prevailing party shall be entitled to reasonable attorneys fees and
      costs.

     

    7.5
       All
      remedies available to either party for one or more breaches by the other party
      are and shall be deemed cumulative and may be exercised separately or
      concurrently without waiver of any other remedies. The failure of either party
      to act in the event of a breach of this Agreement by the other shall not be
      deemed a waiver of such breach or a waiver of future breaches, unless such
      waiver shall be in writing and signed by the party against whom enforcement
      is
      sought.

     

    7.6 
      This
      Agreement is enforceable only by Management Company and Basic Health (and the
      Subsidiary Entities) and each party hereto intends that this Agreement shall
      not
      benefit or create any right or cause of action in or on behalf of any person
      other than the parties hereto.

     

    7.7
       Neither
      party shall assign or transfer any right or obligation under this Agreement,
      without the express prior written consent of the other party, except by merger
      or sale of all or substantially all of its assets. 

     

    7.8
       The
      parties are and shall be independent contractors to one another, and nothing
      herein shall be deemed to cause this Agreement to create an agency, partnership,
      or joint venture between the parties. Nothing in this Agreement shall be
      interpreted or construed as creating or establishing the relationship of
      employee between Basic Health or Subsidiary Entities and Management
      Company.

     

    Signature
      Page Follows.

     

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement on the day
      and
      year first above written.

     

    

    BASIC
      HEALTH

    

    

    By:
      ____________________________________

    Robert
      Goldsamt, CEO

    

    

    

    

    FOR
      AND ON BEHALF OF:

    Choice
      Medical Centers, Inc.,

    Injury
      Treatment Center of Coral Springs, Inc.,

    Chiro-Medical
      Associates of Hollywood, Inc.,

    Injury
      Treatment Center of Boynton Beach, Inc.,

    Injury
      Treatment Center of South Florida, Inc.,

    Neuro
      Massage Therapists, Inc., 

    Injury
      Treatment Center of Fort Meyers, Inc. and

    Injury
      Treatment Center of Fort Lauderdale, Inc

    Southeast
      MRI,
      Inc.

    

    

    By:
      _____________________________________________

    Robert
      Goldsamt, CEO Basic Care Networks, Inc.

    

    

    

    

    

    NEWCO

    

    

    By:
      _____________________________________

    Gary
      Brown, President

    

    

    
      
         

      

      
        15Unassociated Document

    EXHIBIT
      10.15

    FORM
      OF 

    ASSIGNMENT
      AGREEMENT

    

    

    THIS
      ASSIGNMENT AGREEMENT (the “Agreement”)
      is
      entered into as of _______________, 2006 by and between Bruce E. Wardlay, D.O.
      (the “Assignor”) and BASIC HEALTH CARE NETWORKS OF TEXAS, L.P., a Texas limited
      partnership (the “Assignee”) on the other hand.

    

    WHEREAS,
      an Asset Purchase Agreement dated December 12, 2005 (the “Asset Purchase
      Agreement”) was entered into by and between the Assignor, on the one hand, and
      FT. WORTH REHABILITATION, INC., a Texas corporation (the “Clinic”), Dr. Joel
      Brock, Dr. Alwyn Lorenzo, and Dr. Jeff Alan King (the “Physicians”), on the
      other hand, for the Assignor to purchase certain assets of the Clinic.

    

    WHEREAS,
      a Master Transaction Agreement dated December 12, 2005 (the “Master Transaction
      Agreement”) was also entered into by and between Assignee, on the one hand, and
      the Assignor, 303 MEDICAL CLINIC, P.A. , a Texas professional association,
      BRUCE
      E. WARDLE’, D.O., P.A., a Texas professional association, IBERIA MEDICAL CLINIC,
      P.A., a Texas professional association, KINGSLEY MEDICAL CLINIC, P.A., a Texas
      professional association, LAKE JUNE MEDICAL CENTER, P.A., a Texas professional
      association, NORTHSIDE MEDICAL CLINIC, P.A., a Texas professional association,
      O’CONNOR MEDICAL CENTER, P.A., a Texas professional association, RED BIRD URGENT
      CARE CLINIC, P.A., a Texas professional association, on the other hand, and
      that
      in the Master Transaction Agreement, the Assignor agreed to assign his rights
      under the Asset Purchase Agreement to the Assignee.

    

    WHEREAS,
      pursuant to the terms of the Asset Purchase Agreement, Assignor has the right
      to
      assign all or a portion of his rights, including his rights, proceeds, rights
      to
      receive and obtain title to assets, claims and benefits under the Asset Purchase
      Agreement to the Assignee or the Assignee’s affiliates. 

    

    WHEREAS,
      the Assignor now desires to assign, and the Assignee desires to accept, the
      Assignor’s rights under the Asset Purchase Agreement.

    

    NOW,
      THEREFORE, FOR GOOD AND VALUABLE CONSIDERATION RECEIVED, Assignor and Assignee
      hereby agree as follows: 

    

    1. Assignor
      hereby unconditionally and irrevocably assigns, grants, and transfers, and
      the
      Assignee hereby accepts, all of the Assignor’s rights, title, interest, and
      obligation in, to and under the Asset Purchase Agreement. 

     

    2. The
      Assignor hereby warrants and represents that the Assignor possesses full right
      and authority to enter into this Agreement and to transfer the aforementioned
      rights, title, interest and obligation.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    3. The
      Assignor warrants and represents that the aforementioned rights, title, interest
      and benefits are free from all liens, encumbrances, or adverse
      claims.

     

    4. The
      assignment shall be binding upon and inure to the benefit Assignor and Assignee,
      and to their successors, assigns, and personal representatives.

     

    5. This
      Agreement may be executed manually or by facsimile signature in two or more
      counterparts, each of which shall be deemed an original, and all of which
      together shall constitute but one and the same instrument.

     

     

    [Remainder
      of this page left blank intentionally]

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF, the parties hereto have executed this Assignment Agreement
      as
      of the date first above written.

    

    ASSIGNOR:

     

    ______________________________

    Bruce
      Wardlay, D.O.

     

     

    ASSIGNEE:

     

    BASIC
      HEALTH CARE NETWORKS OF TEXAS, L.P.

    a
      Texas
      limited partnership

     

    By:
      Basic
      Health Care Networks of Texas I, LLC, its general partner

     

    By:
      __________________________

    Robert
      S.
      Goldsamt

    Chief
      Executive Officer

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