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FIRST AMENDMENT TO SERVICES AGREEMENT

Consulting Services Agreement

FIRST AMENDMENT TO SERVICES AGREEMENT | Document Parties: OBAGI MEDICAL PRODUCTS, INC. | OMP, Inc | Ventiv Commercial Services, LLC You are currently viewing:
This Consulting Services Agreement involves

OBAGI MEDICAL PRODUCTS, INC. | OMP, Inc | Ventiv Commercial Services, LLC

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Title: FIRST AMENDMENT TO SERVICES AGREEMENT
Date: 3/13/2009
Industry: Biotechnology and Drugs     Sector: Healthcare

FIRST AMENDMENT TO SERVICES AGREEMENT, Parties: obagi medical products  inc. , omp  inc , ventiv commercial services  llc
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                                                                                                                                                                                                                                                                                                           Exhibit 10.51

The confidential portions of this exhibit have been filed separately with the Securities and Exchange Commission pursuant to a confidential treatment request in accordance with Rule 24b-2 of the Securities and Exchange Act of 1934, as amended.  REDACTED PORTIONS OF THIS EXHIBIT ARE MARKED BY AN [##].

 

FIRST AMENDMENT TO

SERVICES AGREEMENT

 

This First Amendment (the “Amendment”) made as of October 20, 2008 (the “Effective Date”) by and between Ventiv Commercial Services, LLC a New Jersey limited liability company (“Ventiv”) and OMP, Inc., a Delaware corporation (“Obagi”).  Ventiv and Obagi may each be referred to herein as a “Party” and collectively, the “Parties”.

W I T N E S S E T H:

 

WHEREAS, Ventiv and Obagi are parties to a Service Agreement made as of July 1, 2008 (the “Agreement”).

WHEREAS, Ventiv and Obagi desire to supplement the Agreement as set forth herein.

NOW THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, it is agreed as follows:

1.   Except as provided in this Amendment, the terms and conditions set forth in the Agreement remain unaffected by the execution of this Amendment.  To the extent that any provisions or terms set forth in this Amendment conflict with the terms set forth in the Agreement, the terms set forth in this Amendment shall govern and control.  Terms not otherwise defined herein, shall have the meanings set forth in the Agreement.

2.   Ventiv and Obagi desire to expand the services being provided by Ventiv as set forth in the Agreement.  Ventiv, through its Ventiv Access Group division, shall provide Obagi with the services set forth in detail in Exhibit A (the “VAG Services”).  For provision of the VAG Services, Obagi shall pay Ventiv the compensation set forth in Exhibit A.

3.   Ventiv shall provide the VAG Services commencing on the Effective Date and continuing until April 1, 2009 (the “Term”).  Obagi may terminate Ventiv’s provision of the VAG Services prior to the end of the Term by providing Ventiv with at least thirty (30) days prior

 

                                                                                                                                                                         

 

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written notice.  Obagi may extend the Term for up to two (2) successive ninety (90) day periods (each an “Additional Term”) by providing Ventiv with written notice at least thirty (30) days prior to the end of the initial Term or any Additional Term.  The compensation to be paid by Obagi to Ventiv for any period beyond the two (2) Additional Terms must be agreed to in writing by the Parties.

4.   The terms of this Amendment are intended by the Parties to be the final expression of their agreement with respect to the subject matter hereof and may not be contradicted by evidence of any prior or contemporaneous agreement.  The Parties further intend that this Amendment constitute the complete and exclusive statement of its terms and shall supersede any prior agreement with respect to the subject matter hereof.

5.   This Amendment may be executed simultaneously in multiple counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one and the same instrument.  Execution and delivery of this Amendment by exchange of facsimile copies bearing the facsimile signature of a party hereto shall constitute a valid and binding execution and delivery of this Amendment by such party.  Such facsimile copies shall constitute enforceable original documents.

WHEREFORE, the Parties hereto have caused this Amendment to be executed by their duly authorized representatives.

 

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  VENTIV COMMERCIAL SERVICES, LLC

 

 

 

 

By:  /s/ TERRELL G. HERRING

 

 

 

 

Terrell G. Herring

 

 

 

 

President and Chief Executive Officer

 

 

 

 

 

 

 

 

 

  OMP, INC.

 

 

 

 

By:  /s/ PRESTON ROMM

 

 

 

 

Preston Romm

 

 

 

 

CFO

 

 

 

 

 

 

 

 

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EXHIBIT A

SERVICES AND COMPENSATION

 

Ventiv shall provide Obagi with one part-time (50% time allocation) National Account Manager (“NAM”).  The NAM shall have the qualifications set forth on Exhibit B attached to this Amendment.

 

Ventiv shall also provide Obagi with the following services.

 

A)            PRIMARY RESEARCH

 

·  

VAS shall complete a maximum of 10 telephone interviews with targeted MCO and PBM stakeholders who are geographically dispersed within the United States.  A minimum of 5 interviews will be conducted.

·  

VAS shall complete a maximum of 7 telephone interviews with targeted retail pharmacies that are geographically dispersed


 
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