Exhibit 10.1
TRANSITION SERVICES AGREEMENT
THIS
TRANSITION SERVICES AGREEMENT (this “Agreement”), by
and between Pharmagistics (“Pharmagistics”), a division
of PUBLICIS SELLING SOLUTIONS, INC ., a New Jersey
corporation (“PSS”) with offices located at 309 Pierce
Street, Somerset, New Jersey and RVA CONSULTING, LLC , a New
Jersey limited liability company with offices located at 1600
Cottontail Lane, Somerset, New Jersey (“RVA”)
WITNESSETH
WHEREAS , PSS purchased the
assets relating to the Pharmagistics business pursuant to that
certain Asset Purchase Agreement dated February 23, 2007 by
and among Healthcare Logistics LLC, William C. Pollock, Jr; Suzanne
Pollock, Anandale Investments LLC, Thomas Pollock, Robert George
and Pharmagistics LLC (Pharmagistics LLC and Healthcare Logistics
LLC, collectively, “Seller”), as amended by that
certain First Amendment to Asset Purchase Agreement dated as of
June 15, 2007 (the Asset Purchase Agreement and the First
Amendment to Asset Purchase Agreement, collectively, the
“Purchase Agreement”);
WHEREAS , on
December 31, 2006 Seller owned a 70% interest in RVA;
WHEREAS , on January 1,
2007, Seller sold the 70% interest in RVA to RVA Holdings, LLC, a
New Jersey limited liability company with offices located at 5 Cold
Hill Road South, Mendham, NJ 07945-0210;
WHEREAS , Section 7.7 of
the Purchase Agreement requires Pharmagistics to provide office
space and certain services to RVA during the two-year period
commencing January 1, 2007 and ending December 31, 2008
(the “Transition Period”); and
WHEREAS , the parties wish to
set forth their agreements with respect to their respective rights
and obligations during the Transition Period;
NOW, THEREFORE , in
consideration of the premises and other good and valuable
consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto agree as follows:
1.
USE OF OFFICE SPACE
During the Transition Period RVA
shall have the right to use the 9,000 square feet of office space,
the additional conference room and the reception area in the
building located at 1600 Cottontail Lane, Somerset, New Jersey that
RVA used for the conduct of the RVA business immediately prior to
the commencement of the Transition Period (the “Office
Space”). Use of the Office Space includes common area
maintenance, cleaning and security to be provided by the landlord,
general supplies, utilities, including electricity, heat and air
conditioning; and use of telephones and fax machines.