0001493152-14-004044.txt : 20141204 0001493152-14-004044.hdr.sgml : 20141204 20141203185142 ACCESSION NUMBER: 0001493152-14-004044 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20141125 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant FILED AS OF DATE: 20141204 DATE AS OF CHANGE: 20141203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ACCELERA INNOVATIONS, INC. CENTRAL INDEX KEY: 0001444144 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HEALTH SERVICES [8000] IRS NUMBER: 232517763 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53392 FILM NUMBER: 141264771 BUSINESS ADDRESS: STREET 1: 20511 ABBEY DR. CITY: FRANKFORT STATE: IL ZIP: 60423 BUSINESS PHONE: 8668660758 MAIL ADDRESS: STREET 1: 20511 ABBEY DR. CITY: FRANKFORT STATE: IL ZIP: 60423 FORMER COMPANY: FORMER CONFORMED NAME: ACCELERATED ACQUISITIONS IV INC DATE OF NAME CHANGE: 20080828 8-K 1 form8k.htm

 

 

  

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): November 25, 2014

 

ACCELERA INNOVATIONS, INC.

(Exact name of registrant as specified in its charter)

 

Delaware   000-53392   26-2517763

(State or other jurisdiction of

incorporation)

 

(Commission

File No.)

 

(IRS Employer

Identification No.)

 

20511 Abbey Dr.

Frankfort, IL

  60423
(Address of principal executive offices)   (Zip Code)

 

(866) 866-0758

Registrant’s telephone number, including area code

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

  

[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

  

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

  

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 
 

 

Item 1.01. Entry into a Material Definitive Agreement.

 

Acquisition of Grace Home Health Care, Inc.

 

On November 25, 2014, Accelera Innovations, Inc. (“we,” “us,” “our,” or the “Company”) entered into a stock purchase agreement (the “Grace SPA”) with Grace Home Health Care, Inc. (“Grace”), a provider of home health care services, as well as Angelito D. Cadiente, and Loida F. Cadiente (collectively the “Grace Sellers”), pursuant to which we agreed to purchase, and the Sellers agreed to sell, all of their Grace shares, collectively representing all of the outstanding shares of common stock of Grace, as well as all of Grace’s assets, for an aggregate purchase price of $5,250,000 (the “Grace Purchase Price”). The Grace Purchase Price is to be paid by us as follows: $2,625,000.00 on or before January 15, 2015 (the “Grace Closing Date”), $1,312,500six months after the Grace Closing Date, and $1,312,500.00 twelve months after the Grace Closing Date. However, we have the right to extend the Grace Closing Date by an additional forty-five (45) days, in order for us to secure the requisite funding, so long as we give notice to the Grace Sellers on or before December 15, 2014. The Grace SPA contains customary representations and warranties and is subject to certain events of default.

 

We have also agreed to hire Angelo L. Cadiente as Grace’s Chief Executive Officer upon the Grace Closing Date. Under the terms of his proposed employment agreement, Mr. Cadiente will become the Chief Executive Officer for Grace for a period of three years beginning on the Grace Closing Date and pay him an annual base salary of $175,000 plus a bonus in an amount equal to 5% of the increase in Grace’s gross revenue from the base gross revenue earned in the previous year and an additional amount equal to 10% of the base earnings before interest, taxes, depreciation and amortization (“EBITDA”) increases of Grace from the base EBITDA of Grace in the previous year. In addition, Mr. Cadiente will be entitled to four weeks vacation, twelve sick days and health benefits and reimbursement of out of pocket expenses for business entertainment in connection with his duties. Mr. Cadiente is subject to a restriction on solicitation of Grace’s customers or clients following termination of his employment agreement for a period of one year.

 

The foregoing description of the Grace SPA and Mr. Cadiente’s employment agreement is qualified in its entirety by reference to such agreements which are filed as Exhibit 10.1 hereto and are incorporated herein by reference.

 

Acquisition of the assets of Watson Health Care, Inc. and Affordable Nursing, Inc.

 

On November 25, 2014, we entered into an asset purchase agreement (the “Watson-Affordable Nursing APA”) with Watson Health Care, Inc. (“Watson”) and Affordable Nursing, Inc. (“Affordable”) (Watson and Affordable are collectively referred to as the “Sellers”), providers of home health care services, pursuant to which we agreed to purchase, and the Sellers agreed to sell, all of their assets, for an aggregate purchase price of $3,000,000.00 (the “Watson-Affordable Purchase Price”). The Watson-Affordable Purchase Price will be paid by us as follows: $1,000,000.00 on or before January 15, 2015 (the “Watson-Affordable Closing Date”), $1,000,000 on or before six months after the Watson-Affordable Closing Date, and $1,000,000 on or before twelve months after the Watson-Affordable Closing Date. However, we have the right to extend the Watson-Affordable Closing Date by an additional sixty (60) days. The Watson-Affordable APA contains customary representations and warranties and is subject to certain events of default. In addition, Kevin Watson, the sole owner of Watson and Affordable and the Company will mutually agree to a transition period where Mr. Watson will work with Watson and Affordable to transition their operations to the Company. Further, the Company, Watson and Affordable will identify certain employees of Watson and Affordable who will enter into employment agreements with the Company.

 

The foregoing description of the Watson-Affordable APA is qualified in its entirety by reference to such Watson-Affordable APA, which is filed as Exhibit 10.2 hereto and is incorporated herein by reference.

 

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

 

The disclosure in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item.

 

(d) Exhibits.

 

Exhibit No.   Description
10.1   Stock Purchase Agreement between Accelera Innovations, Inc. and Grace Home Health Care, Inc. dated November 25, 2014.
10.2   Asset Purchase Agreement between Accelera Innovations, Inc., Watson Health Care, Inc., and Affordable Nursing, Inc. dated November 25, 2014.

  

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  ACCELERA INNOVATIONS, INC.
     
Date: December 3, 2014 By: /s/ John F. Wallin
    John F. Wallin
    President and Chief Executive Officer

 

 
 

 

EX-10.1 2 ex10-1.htm

 

Exhibit 10.1

 

STOCK PURCHASE AGREEMENT

 

This Agreement, including all Exhibits attached hereto and incorporated herein (“Agreement”) is entered into on this November 25, 2014 by and between (1) GRACE HOME HEALTH CARE, Inc, a California Corporation, in good standing, with its principal office located at 1739 Termino Ave., Long Beach, CA 90804, and (2) Accelera Innovations, Inc., a Delaware corporation in good standing, with its principal office located at 20511 Abbey Dr., Frankfort, Il. 60423 (hereinafter referred to as “Purchaser or Accelera”), or its assignee.

 

WITNESSETH

 

WHEREAS, GRACE HOME HEALTH CARE, Inc. (“GRACE”) is engaged in the business of providing home health care services for behavioral health, seniors, children, skilled nursing, therapists, wellness education, physical assistance, and special care situations; and

 

WHEREAS, Purchaser is a Delaware corporation in good standing; and

 

WHEREAS, Purchaser is engaged in the business of owning and operating Post-Acute Care Companies; and

 

WHEREAS, GRACE Shareholders wish to sell and Purchaser wishes to buy all of the issued and outstanding common shares of GRACE.

 

NOW, THEREFORE, for and in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,

Parties agree as follows:

 

1. Sale of Shares of Stock

 

All record shareholders of GRACE agree to sell all their shares in GRACE and Purchaser agrees to purchase all such Shares upon the terms and conditions hereinafter set forth.

 

Current Shareholders of GRACE, and current addresses are listed below:

 

50%   Angelito D. Cadiente, 4224 Sebren Ave. Lakewood, CA 90713

50%   Loida F. Cadiente, 4224 Sebren Ave. Lakewood, CA 90713

 

Current Shareholders of GRACE shall execute a non-compete agreement at the final closing, agreeing not to compete with Purchaser for a period of Two (2) years from the final closing.

 

Current shareholders of GRACE shall deliver 2013 and 2014 audited financials on an accrual basis with an Accelera approved Auditing Firm completed within 60 days post closing date. The audits will be reimbursed by Accelera Innovations at completion.

 

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2. Consideration and Deposits.

 

Consideration to the record shareholders shall consist of a basic payment of $5,250,000.00 to Shareholders or assignee, with payments made as follows:

 

  A. Purchaser shall deposit by wire transfer to a bank account selected by Sellers a sum equal to Two Million Six Hundred and Twenty-Five Thousand Dollars ($2,625,000.00) at final closing date.
     
  B. Purchaser shall deposit by wire transfer to a bank account selected by Sellers a sum equal to One Million Three Hundred Twelve Thousand Five Hundred Dollars ($1,312,500.00) six months from the closing date.
     
  C. Purchaser shall deposit by wire transfer to a bank account selected by Sellers a sum equal to One Million Three Hundred Twelve Thousand Five Hundred Dollars ($1,312,500.00) twelve months from closing date.

 

3. Closings.

 

  A. The Final Closing date shall be on or before January 15, 2015, and the execution of the Stock Purchase Agreement and related documents shall occur at 1739 Termino Ave Long Beach, CA 90804 and seller shall give purchaser an additional forty-five (45) days to secure funding if purchaser gives seller the request for such additional days on or before December 15, 2014.
     
  B. Deliveries at Closing:

 

1. By: Seller

 

  i) Copy of Asset List attached hereto as Exhibit “A”; and
     
  ii) Documentation that GRACE is an California Corporation in good standing; and
     
  iii) Copies of the GRACE’s Articles of Incorporation, as amended if amended, and By-Laws, as amended if amended; and
     
  iv) Executed resolutions of the GRACE’s Board of Directors approving of this transaction; and
     
  v) Standard Stock Assignments to complete the transfer of shares from GRACE’s shareholders to Purchaser;
     
  vi) All GRACE’s business and accounting records (while maintaining copies of same as may be needed for tax or other legal matters); and
     
  vii) Possession of real and personal property owned or leased by GRACE; and
     
  vii) State UCC searches showing no encumbrances on GRACE’s assets.
     
  viii) Copies of executed employment agreements between (a) Accelera and (b) Desired Employee’s in the forms attached as Exhibit “B”

 

3. By: Purchaser

 

  i) Wire transfer of Two Million Six Hundred Twenty-Five Thousand Dollars ($2,625,000.00) on closing and
     
  ii) Copies of the Purchaser’s Articles of Incorporation, as amended if amended; and
     
  iii) Executed resolution of Purchasers Directors approving this transaction;

 

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4. Operation of Subject Corporations Businesses.

 

GRACE’s shareholders agree to operate its business in the same manner as it has been operated heretofore, and will diligently promote the growth of such businesses in an efficient and productive manner. GRACE agrees not sell any of its assets except as is normal in the ordinary course of its day-to-day business operations, nor borrow monies, nor incur encumbrances except as may be reasonably required to facilitate the operation and growth of such businesses.

 

5. Default by Purchaser.

 

The following events shall also be deemed to be a default by the Purchaser:

  

  A. Failure of Purchaser to perform any other Purchaser obligation under the terms of this Agreement, unless such failure is cured within twenty (20) calendar days of GRACE sending Purchaser Notice of such failure;
     
  B. Purchaser filing a petition in bankruptcy to be adjudicated as a voluntary bankrupt; or filing a similar petition under any insolvency act; or making an assignment for the benefit of its creditors; or consent to the appointment of a receiver of itself or of the whole or of any substantial part of its property; or file a petition or answer seeking reorganization or arrangement of itself under any Federal bankruptcy laws or any other applicable federal or state statute;
     
  C. Entry of a court order adjudicating Purchaser as a bankrupt or appointing a receiver or trustee of Purchaser or of any substantial portion of Purchaser’s assets, or approving reorganization or arrangement of Purchaser under any Federal or state law, which order is not vacated within ninety (90) days of its entry;
     
  D. Purchaser admission in writing of its inability to pay its debts generally as they become due;
     
  E. If any material representation made by Purchaser in writing is found to be false or incorrect in any material way or materially misleading at the time it was made

 

9. Default by GRACE.

 

The following events shall be deemed to be a default by GRACE:

 

  A. If GRACE files a petition in bankruptcy to be adjudicated as a voluntary bankrupt; or filing a similar petition under any insolvency act; or making an assignment for the benefit of its creditors; or consent to the appointment of a receiver of itself or of the whole or of any substantial part of its property; or file a petition or answer seeking reorganization or arrangement of itself under any Federal bankruptcy laws or any other applicable federal or state statute;
     
  B. Entry of a court order adjudicating GRACE as a bankrupt or appointing a receiver or trustee of any of them or of any substantial portion of any of their assets, or approving reorganization or arrangement of Purchaser under any Federal or state law, which order is not vacated within ninety (90) days of its entry;

 

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  C. If any material representation or omissions made by GRACE in writing is found to be false or incorrect in any material way or materially misleading at the time it was made;
     
  D. Encumbering or transferring any material portion of its property in such a way that it would materially negatively impact the value of its assets; and
     
  E. GRACE’s failure to perform any other obligation of Corporation pursuant to the terms of this Agreement, unless such failure is cured within twenty (20) calendar days of Purchaser sending GRACE Notice of such failure.

 

10. Cure Periods.

 

Unless otherwise specifically provided otherwise in this Agreement, the cure period for the failure to perform any obligation of a party pursuant to the terms of this Agreement shall be thirty (30) calendar days after sending Notice of such failure to the failing party.

 

11. Expenses.

 

Each party shall bear its own costs of accounting and legal services in connection with this Agreement.

 

12A. GRACE Hold Harmless.

 

GRACE does hereby indemnify and reimburse Purchaser for and shall hold and save Purchaser harmless from and against all liabilities, debts, taxes, costs, claims, expenses, actions or causes of action, losses, damages of any kind whatsoever (including costs of litigation, investigation, and reasonable attorney’s fees, but not including standard accounts receivable and accounts payable amounts) now existing or that may hereafter arise from or grow out of Seller’s operation and/or ownership of Seller’s Company prior to the Final Closing Date, either directly or indirectly, other than for ordinary business expenses incurred in the operation of the Subject Corporation.

 

12B. Purchaser Hold Harmless.

 

Purchaser does hereby indemnify and reimburse Seller for and shall hold and save Seller harmless from and against all liabilities, debts, taxes, costs, claims, expenses, actions or causes of action, losses, damages of any kind whatsoever (including costs of litigation, investigation, and reasonable attorney’s fees, but not including standard accounts receivable and accounts payable amounts) that may hereafter arise from or grow out of Purchaser’s operation and ownership of Purchaser’s business after the Final Closing, either directly or indirectly.

 

13. Representations and Warranties.

 

A. GRACE represents and warrants that:

 

  (i) GRACE is in good standing as a California Corporation;
     
  (ii) GRACE has and will maintain during the term of this Agreement all the required permits and licenses required to conduct the businesses in which it is engaged;

 

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  (iii) GRACE owns the tangible assets which are used in the conduct of their businesses, except as specifically otherwise stated in writing to Purchaser;
     
  (iv) Copies of all financial statements and records for GRACE requested by Purchaser have been provided to Purchaser, and all such documents provided are true and correct copies of the originals of such documents;
     
  (v) GRACE has not since July 9, 2014 and will not during the term of this Agreement revise their methods of doing business, accounting, or financial reporting;
     
  (vi) GRACE will comply with all governmental requirements during the term of this Agreement; and
     
  (vii) GRACE’s shareholders are legally authorized to and have full authority to execute this Agreement and bind the GRACE to the terms of this Agreement.

 

B. Purchaser represents and warrants that:

 

  (i) Purchaser is in good standing as a Delaware corporate company;
     
  (ii) Purchaser has and will maintain during the term of this Agreement all the required permits and licenses required to conduct the businesses in which it is engaged;
     
  (iii) Purchaser will comply with all governmental requirements during the term of this Agreement; and
     
  (iv) Purchaser and the persons executing this Agreement are legally authorized to and have full authority pursuant to properly authorized corporate resolutions to execute this Agreement and bind the Purchaser to the terms of this Agreement.

 

14. Real Estate.

 

  A. Corporation is leasing the business property at 739 Termino Avenue, Long Beach, California 90804 (“Business Address”) at a rate of $7,500.00 per month, with approximately two (2) months remaining on the lease, this is an automatic year to year lease; and
     
  B. The Business Address shall remain the principal business location of the Subject Corporation during the term of the Employment Contracts referenced below.

 

15. Employment Contracts.

 

Purchaser will continue to support all existing employment agreements with GRACE’s FTE’s. The current CEO, Angelito D. Cadiente and the Administrator, Loida F. Cadiente may continue in their current positions, but not salaried post- closing date. Angelo L. Cadiente, will be transitioned to the CEO position, employment agreement attached as Exhibit “B”.

 

16. Assets of the Subject Corporation.

 

Attached hereto as Exhibit “A” is a list of GRACE’s current assets, including information, where applicable, regarding any leases or encumbrances which may relate to any such asset. GRACE’s shareholders warrant that assets will not be sold, encumbered, or acquired by GRACE except in the normal and customary conduct of the businesses of the Subject Corporation during the term of this Agreement.

 

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17. Confidentiality.

 

The parties agree that the terms and conditions of this Agreement and its exhibits are confidential between the parties and may not be disclosed to any third persons without the written consent of both parties except to the extent necessary to perform the obligations of this Agreement or as required by law or as already known in the public domain.

 

18. Litigation.

 

Seller’s represent that there is no litigation or proceedings pending to their knowledge against or relating to the Subject Corporation other than as has been disclosed to Accelera in writing; nor does Seller know nor have reasonable grounds to know of any basis of any additional action or governmental investigation relative to the Subject Corporation, or its properties or businesses.

 

19. Notices.

 

Any notice or demand required or desired to be given under this Agreement shall be in writing and shall be personally served or in lieu of personal service may be given at the addresses and/or fax numbers set forth herein or otherwise known to the parties. Any party may change its address or fax number by giving notice in accordance with the provisions of this section.

 

Such notice shall be deemed as received on the third business day after mailing by certified mail; or on the day after being sent next day delivery by a recognized overnight delivery service; or on the day sent by facsimile transmission provided that the sender can show proof of such transmission and provided that an original of such notice is mailed by first class or certified mail, proper postage prepaid, within two business days of such facsimile transmission.

 

Notices may be sent as follows or as otherwise directed by either party:

  

  GRACE HOME HEALTH CARE, Inc. ACCELERA INNOVATIONS Inc.
  Attn: Angelito D. Cadiente Attn: Cindy Boerum
  1739 Termino Ave. 20511 Abbey Drive
  Long Beach, CA 90804 Frankfort IL 6042
     
  Phone: 562-498-0203 Phone: 866/866-0758
  Fax: 562-498-0223 Fax: 708/478-5457

 

20. Miscellaneous.

 

A. Entire Agreement/Venue. This Agreement, together with its Exhibits attached hereto and made a part hereof, constitutes the entire agreement between the parties and supersedes and takes precedence over any prior agreement(s) between the parties, whether written or oral. This Agreement may be modified or altered only by the prior written consent of all parties or their legal representatives. The failure of any party to enforce any provision of this Agreement shall not be construed as a modification or waiver of any of the terms of this Agreement, nor prevent that party from enforcing each and every term of this Agreement at a later time. This Agreement shall be construed according to the laws of the State of Illinois and any litigation relating to this Agreement shall be commenced in Will County, Illinois.

 

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B. Survival. All the agreements, representations, warranties, indemnifications and undertakings herein contained shall survive the Closing of this transaction and shall be binding upon and inure to the benefit of the parties hereto and their respective representatives, heirs, executors, administrators, successors, and assigns, as though they were in all cases named.

 

C. Prevailing Party Recovers Costs. In the event of litigation between the parties relating to this Agreement, the non-prevailing party shall reimburse the prevailing party for the prevailing party’s costs of enforcing this Agreement through an appeals process, including reasonable attorneys’ fees and expenses.

 

D. Severability/Blue Pencil. In the event that any of the provisions or portions of this Agreement are held to unenforceable or invalid by any court of competent jurisdiction, the validity of the remaining portions and provisions shall not be affected, and thereby held to be enforceable and valid and the balance of the Agreement shall be construed to and any invalidated section may be rewritten by a court of law to achieve the intent of the invalidated portion as nearly as is legally possible.

 

E. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute this Agreement. Multiple copies of this Agreement may be separately executed by the parties and shall together constitute one Agreement.

 

The parties do not intend to confer any benefit hereunder on any person or party other than the parties hereto and their successors as described herein.

 

IN WITNESS WHEREOF, the parties hereto have hereunto set their hands and seals as of

 

Sellers (Shareholders):   Purchaser:
Angelito D. Cadiente   Accelera Innovations, Inc.
Loida F. Cadiente    
         
By: /s/ Angelito D. Cadiento   By: /s/ Cindy Boerum
   Angelito D. Cadiento, CEO        Cindy Boerum/CSO, President       
Date:     Date:  
         
By: /s/ Loida F. Cadiente      
  Loida F. Cadiente, Administrator      
Date:        

 

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Exhibit A

 

GRACE ASSETS

 

1. Medicare Provider License # 557613
2. Community Health Accreditation Program (CHAP) Certified
3. Clinical Laboratory Improvement Amendments # 05D0926649
4. Long Beach California Business License #BU20753700
5. Long Beach California Business License #BU21330950
6. California Department of Public Health License # 980000947
7. California Association of Health Services at Home 9CAHSAH #0110887
8. Referral Sources List
9. 38 FTE Skilled and Trained Office Staff
10. Non-Attached Office Furniture
11. Misc. Small office equipment
12. Computer Hardware System
13. EMR Software System

  

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Exhibit B

 

GRACE EMPLOYMENT AGREEMENTS

  

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EMPLOYMENT AGREEMENT

 

This employment Agreement is made and entered into on the closing date of the Purchase Agreement dated November 25, 2014 between GRACE Home Health Care Inc located at 1739 Termino Ave, Long Beach, CA 90804 and Accelera Innovations Inc., or its assignee (which will be a subsidiary or controlled Company of Accelera) located at 20511 Abbey Drive, Frankfort, IL 60423 (“Employer”), and Angelo L. Cadiente (“Employee”).

 

In consideration of the mutual covenants set forth herein, Employer agrees to hire Employee and Employee agrees to the employment for Employer per the terms and conditions of this Agreement.

 

I. DURATION:

 

This Agreement shall be for a period of three (3) years beginning on the closing date of the Purchase Agreement dated November 25, 2014.

 

II. DUTIES:

 

Employee shall be employed in the position of Chief Executive Officer, with attendant responsibility as Administrator for GRACE Home Health Care.

 

The job function of this position is to provide general management to the operations, including the growth of the business unit.

  

III. BEST EFFORTS:

 

Employee shall devote reasonable and necessary time, attention, knowledge, and skills to the interest of Employer’s business and shall use his best efforts in doing so.

 

IV. PLACE AND HOURS OF EMPLOYMENT:

 

Employee agrees that his employment shall be primarily conducted from the Employer’s offices in Long Beach, CA, although travel may, as circumstances dictate, be necessary to carry out his duties. Employee will devote as much time as necessary to effectively carry out his duties in a normal, usual, and customary work week.

 

V. PERFORMANCE:

 

Employee shall use his best efforts to maintain and manage all current and future patients.

 

VI. COMPENSATION:

 

Employee shall be compensated at the rate of One Hundred and Seventy-Five Thousand Dollars ($175,000) per annum, payable beginning on closing of the Purchase Agreement dated November 25, 2014 at which time Employer will own and operate the Company. Employer shall deduct or withhold from said compensation any and all sums required for federal and state income and social security taxes, as well as any other legitimate tax required by law. Salary increases shall be based on job performance and shall be renegotiated annually.

 

As additional consideration, Accelera agrees to give Employee bonuses which will be paid as follows: bonus will be 5% of the increase in gross revenue from the base gross revenue earned in the previous year. Employee shall receive an additional bonus of 10% of the base EBITDA increases from the base EBITDA in the previous year. The bonus will be paid in 2016, however for calculation of the base year 2014 will be used for the first bonus, thereafter the prior year will be used for the base year.

 

VII. SALARIED STATUS:

 

Employee understands and agrees that he is a salaried employee of management status, and as such is not entitled to overtime wages unless under special circumstances and specifically agreed to in writing.

 

 
 

 

VIII. EXPENSE REIMBURSEMENT:

 

Employee shall be entitled to reimbursement for any and all expenses authorized and reasonably incurred in the performance of the functions of his duties. Employee must timely provide Employer with an itemized account of all expenditures and with receipts therefor.

 

IX. BENEFITS:

 

If or when not provided directly by GRACE Home Health Care, Employer will supply or continue payment of Employee’s health insurance plan(s) during the term of this Agreement.

 

X. VACATION:

 

Employee is entitled to four (4) weeks paid vacation annually plus all federal and state holidays.

 

XI. SICK DAYS:

 

Employee shall be granted twelve (12) sick days per calendar year, which shall cumulate from year to year. In the event Employee requires surgery, or additional sick days are required, Employee shall seek prior written approval.

 

XII. INSURANCE:

 

If or when not provided by GRACE Home Health Care, Employer shall continue to pay for health insurance and benefits with the same or better benefits as are currently provided to Employee.

 

XIII. EMPLOYMENT AGREEMENT TERM:

 

This Agreement shall be in effect for a period of thirty-six (36) months from its execution. This Agreement shall automatically be renewed for successive One Year periods from the date of expiration unless Thirty (30) day notice to the contrary is provided by either Party.

 

XIV. COVENANTS:

 

Employee agrees to not use, disclose, or communicate in any manner, proprietary information about Employer or GRACE Home Health Care, or their operations, clientele, or any other proprietary information that relates to the business of Employer or GRACE Home Health Care, or their customers, marketing strategies, trade secrets, or other information which is identified in writing to Employee as being “Confidential Proprietary Information”. This section shall not apply to information that is (a) otherwise in the public domain, (b) developed by or already known to Employee, or GRACE Home Health Care (c) required to be disclosed by any court of law or governmental agency, or (d) that is provided to employees and/or agents of Employer or GRACE Home Health Care, including but not limited to accountants and attorneys.

 

XV. NON-SOLICITATION OF CUSTOMERS:

 

For a period of one (1) year following termination of employment of Employee by Employer for any valid reason, Employee shall not solicit third party customers or clients of Employer.

 

XVI. NON-RECRUITMENT OF EMPLOYEES:

 

For a period of one (1) year following termination of employment of Employee by Employer for any valid reason, Employee shall not recruit any of Employer’s employees for the purpose of any third party outside business.

 

XVII. RECORDS AND ACCOUNTS:

 

Employee agrees that all records and accounts maintained during the course of employment pursuant to this Agreement (a) are the property of Accelera Innovations or its assignee, (b) shall remain current, and (c) shall be maintained at Employer’s place of business.

 

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XVIII. RETURN UPON TERMINATION:

 

Employee agrees that upon termination of this Agreement, he shall return to Employer all of Employer’s property, including, but not limited to, intellectual property, trade secret information, customer lists, operation manuals, records, accounts, materials subject to copyright by Employer, Employer trademark or patent protection, customer and Employer information, credit cards, business documents, reports, and any and all other property of Employer.

 

XIX. INDEMNIFICATION FOR THIRD PARTY CLAIMS:

 

Employer agrees to hold harmless, indemnify, defend, and save Employee from and against all claims, liabilities, causes of action, damages, judgments, attorneys’ fees, court costs, and expenses which arise out of Employee’s normal course of performance of his duties, or occasioned by Employer.

 

XX. ATTORNEYS’ FEES AND COSTS:

 

Employee and Employer agree that should any action instituted by either party against the other regarding the enforcement of the terms of this Agreement, the non-prevailing party shall reimburse the prevailing party for the prevailing party’s expenses relating to such action, including reasonable attorneys’ fees and expenses through all appeals thereof.

 

XXI. NOTICES:

 

Any notice or demand required or desired to be given under this Agreement shall be in writing and shall be personally served or in lieu of personal service may be given at the addresses and/or fax numbers set forth herein or otherwise known to the parties. Any party may change its address or fax number by giving notice in accordance with the provisions of this Subsection.

 

Such notice shall be deemed as received on the third business day after mailing by certified mail; or on the day after being sent next day delivery by a recognized overnight delivery service; or on the day sent by facsimile transmission provided that the sender can show proof of such transmission and provided that an original of such notice is mailed by first class or certified mail, proper postage prepaid, within two business days of such facsimile transmission.

 

Notices may be sent as follows or as otherwise directed by either party:

 

Employer:     Employee:
Accelera Innovations Inc.   Angelo L. Cadiente
20511 Abbey Drive      3849 Lomina Ave.   
Frankfort IL 60423 Long Beach, CA 90808

 

XXII. ENTIRE AGREEMENT:

 

This Agreement represents the complete and exclusive statement of the Employment Agreement between the Employer and Employee. No other agreements, covenants, representations, or warranties, express or implied, oral or written, have been made by the parties concerning this Employment Agreement.

 

XXIII. PRIOR AGREEMENTS:

 

This agreement supersedes any and all prior agreements or understandings between the parties involving employment of Employee by Employer, including letters of intent or understanding, except for those documents specifically referred to within this Agreement.

 

XXIV. MODIFICATIONS:

 

Employer and Employee agree that this Agreement constitutes the entirety of the Employment Agreement between the parties. Any modifications to this Agreement may only be done in writing and must be signed by Employee and an officer of Employee.

 

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XXV. SEVERABILITY:

 

To the extent that any provision hereof is deemed unenforceable, all remaining provisions of this Agreement shall not be affected thereby and shall remain in full force and effect, and thereby held to be enforceable and valid; and the balance of this Agreement shall be construed to, and any invalidated section may be rewritten by a court of law to, achieve the intent of the invalidated portion as nearly as is legally possible.

 

XXVI. WAIVER OF BREACH:

 

The waiver by either party of a breach of any provision of this Agreement by the other party shall not operate as a waiver of any subsequent breach, and shall not be deemed a change in the terms of this Agreement. No waiver shall be valid unless approved in writing and signed by the waiving party. The failure of any party to enforce any provision of this Agreement shall not be construed as a modification or waiver of any of the terms of this Agreement, nor prevent that party from enforcing each and every term of this Agreement at a later time.

 

XXVII. AMBIGUITIES:

 

The parties agree that they have had opportunity for legal advice in executing this Agreement, and each party hereto therefore agrees that any ambiguity created by this document will not be construed against the other party.

 

XXVIII. CHOICE OF LAW, JURISDICTION, AND VENUE:

 

Employer and Employee agree that this Agreement shall be interpreted and construed in accordance with the laws of the State of Illinois and that should any actions be brought against either party related to the terms or conditions of this Agreement, such actions shall be brought within a court of competent jurisdiction within DuPage County, Illinois.

 

XXIX. STATUTE OF LIMITATIONS:

 

Each party shall one year following termination of this Agreement to make any claims or institute any causes of action for damages relating to this Agreement.

 

XXX. ATTORNEY REVIEW:

 

Each party warrants and represents that it has had the opportunity to rely on legal advice from an attorney of its choice, so that the terms of this Agreement and their consequences could have been fully read and understood by such party.

 

XXXI. ASSIGNMENT:

 

Employee understands that Employer may assign this Agreement to any entity which is owned or controlled by Accelera Innovations, Inc. and that its terms shall remain binding on both parties.

 

XXXII. COORDINATION WITH ACCELERA INNOVATIONS, INC.

 

Employee understands that Employer may direct Employee to perform functions for or on behalf of Accelera from time to time based on agreement(s) by Employer regarding same.

 

XXXIII. MISCELLANEOUS:

 

This Agreement is binding on the successors, heirs, and assigns of each party hereto. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute this Agreement.

 

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Dated this 25th day of November, 2014

 

Employer:        Employee:
Accelera Innovations Inc.    
     
/s/ Cindy Boerum   /s/Angelo Cadiente
by: Cindy Boerum         Angelo L. Cadiente 

 

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EX-10.2 3 ex10-2.htm

 

Exhibit 10.2

ASSET PURCHASE AGREEMENT

 

This Agreement, including all Exhibits attached hereto and incorporated herein (“Agreement”) is entered into on this November 25, 2014 by and between (1) Watson Health Care, Inc. whose principal office located at 2755 Carpenter Road, Ste 3NW, Ann Arbor, Michigan; and Affordable Nursing, Inc. whose principal office located at 1426 N State St, Gladwin, Michigan, both Michigan corporations, in good standing, and (2) Accelera Innovations, Inc, a Delaware corporation in good standing, with its principal office located at 20511 Abbey Dr, Frankfort, IL 60423 (hereinafter referred to as “Purchaser or Accelera”), or its assignee.

 

WITNESSETH

 

Watson Health Care and Affordable Nursing (SELLER) is engaged in the business of providing home health care services for mental health, seniors, children, skilled nursing, therapists, wellness education, physical assistance, and special care situations; and

 

Purchaser is a Delaware corporation in good standing; and

 

Purchaser is engaged in the business of owning and operating Out-Patient Health Care Companies; and

 

WHEREAS, SELLERS Shareholders wish to sell and Purchaser wishes to buy all of the assets of Watson and Affordable.

 

WHEREAS, Seller and Buyer shall agree to a mutually acceptable “Transitionperiod wherein Kevin Watson shall work with Purchaser, to transition the Businesses over to Purchasers control.

 

NOW, THEREFORE, for and in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows:

 

1.Sale of Assets

 

All record shareholders of Watson and Affordable agree to sell all of the assets of those entities and Purchaser agrees to purchase all such Assets upon the terms and conditions hereinafter set forth.

 

Current SHAREHOLDERS of Watson and Affordable are: 100% Kevin Watson

 

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2.Consideration and Deposits

 

Consideration to the record shareholders shall consist of a basic payment of $3,000,000 .00 to Shareholders or assignee, with payments made as follows:

 

A.Purchaser shall deposit by wire transfer to a bank account selected by Sellers a sum equal to$1,000,000.00 at the initial closing scheduled for on or before January 15, 2015.
   
B.On or before SIX (6) months of the initial closing, Purchaser shall deposit by wire transfer to a bank account selected by SELLER a sum equal to $1,000,000 .00.
   
C.On or before Twelve (12) months from the initial closing, Purchaser shall deposit by wire transfer to a bank account selected by Seller a sum equal to $1,000,000.00.

 

3.Deposits upon Breach

 

If following execution of this Purchase Agreement, Purchaser elects not to complete the transaction, the deposit(s) made by Purchaser in compliance with Article 2 above will be retained by Seller and the deposit shall be deemed as liquidated damages for the failure to complete the contract terms.

 

4.Post-Closing Revenues

 

Funds Belonging To Seller/Post Closing

 

No post-closing revenue shall accrue to Seller. Seller is selling all assets of the two entities including, but not limited to: Accounts Receivable, cash in banks, furniture, fixtures and equipment, business records, patient and provider lists referral lists and names and any and all other assets owned by the two entities. Purchaser shall pay business expenses of the Company from A/R and cash in the bank which have accrued prior to Closing. Seller shall not deplete the cash in banks so that there is sufficient cash at Closing to pay said agreed upon expenses of operations.

 

5.Closing
   
A.The Closing date shall be on or around January 15, 2015. Purchaser shall have the right to extend the Closing Date up to 60 days from January 15, 2015.
   
B.Deliveries at Closing:
   
1.Joint Deliveries :
   
i)Employment agreements between Accelera, and Desired Employees, if any such agreements have been signed;

 

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2.By Seller:
   
i)Copies of executed employment agreements between (a) Accelera and (b) Desired Employee’s in the forms attached as Exhibit “A”; and
   
ii)Copy of Asset List attached hereto as Exhibit “B”; and
   
iii)Documentation that Watson Health Care, Inc. and Affordable Nursing, Inc. are Corporations in good standing; and
   
iv)Copies of the Corporations Articles of Incorporation, as amended if amended, and By-Laws, as amended if amended; and
   
v)Executed resolutions of the Seller’s Board of Directors approving of this transaction; and
   
vi)All Seller’s business records (while maintaining copies of same as may be needed for tax or other legal matters); and
   
vii)Possession of real and personal property owned by Seller; and
   
viii)State UCC searches showing no encumbrances n Seller’s assets.
   
3.By Purchaser:
   
i)Documentation that Purchaser is in good standing as a Delaware corporation authorized to do business in Michigan; and
   
ii)Copies of the Purchaser’s Articles of Incorporation, as amended if amended; and
   
iii)Executed resolution of Purchasers’ Directors approving this transaction; and
   
iv)Wire transfer of One Million and no/100 Dollars ($1,000,000) on or before closing, projected to be January 15, 2015, to an account to be identified by Seller.
   
6.Operation of Subject Corporations Businesses
   

Seller agrees to operate its business in the same manner as it has been operated heretofore, and will diligently promote the growth of such businesses in an efficient and productive manner. Seller agrees not sell any of its assets except as is normal in the ordinary course of its day-to-day business operations, nor borrow monies, nor incur encumbrances except as may be reasonably required to facilitate the operation and .growth of such businesses.

 

7.Default by Purchaser
   

The following events shall also be deemed to be a default by the Purchaser:

   
A.Failure of Purchaser to make any deposit as described in Article 2 above by its due date;
   
B.Failure of Purchaser to perform any other Purchaser obligation under the terms of this
   
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C.Agreement, unless such failure is cured within twenty (20) calendar days of Seller sending Purchaser Notice of such failure;
   
D.Purchaser filing a petition in bankruptcy to be adjudicated as a voluntary bankrupt ; or filing a similar petition under any insolvency act; or making an assignment for the benefit of its creditors; or consent to the appointment of a receiver of itself or of the whole or of any substantial part of its property; or file a petition or answer seeking reorganization or arrangement of itself under any Federal bankruptcy laws or any other applicable federal or state statute;
   
E.Entry of a court order adjudicating Purchaser as a bankrupt or appointing a receiver or trustee of Purchaser or of any substantial portion of Purchaser’s assets, or approving reorganization or arrangement of Purchaser under any Federal or state law, which order is not vacated within ninety (90) days of its entry;
   
F.Purchaser admission in writing of its inability to pay its debts generally as they become due;
   
G.If any material representation made by Purchaser in writing is found to be false or incorrect in any material way or materially misleading at the time it was made.
   
8.Default by Seller
   

The following events shall be deemed to be a default by Seller:

 

A.If SELLER files a petition in bankruptcy to be adjudicated as a voluntary bankrupt; or filing a similar petition under any insolvency act; or making an assignment for the benefit of its creditors; or consent to the appointment of a receiver of itself or of the whole or of any substantial part of its property; or file a petition or answer seeking reorganization or arrangement of itself under any Federal bankruptcy laws or any other applicable federal or state statute;
   
B.Entry of a court order adjudicating SELLER as a bankrupt or appointing a receiver or trustee of any of them or of any substantial portion of any of their assets, or approving reorganization or arrangement of Purchaser under any Federal or state law, which order is not vacated within ninety (90) days of its entry;
   
C.If any material representation made by SELLER in writing is found to be false or incorrect in any material way or materially misleading at the time it was made.
   
D.Encumbering or transferring any material portion of its property in such a way that it would materially negatively impact the value of its assets; and
   
E.SELLER’s failure to perform any other obligation of Corporations pursuant to the terms of this Agreement, unless such failure is cured within twenty (20) calendar days of Purchaser sending Seller Notice of such failure.

 

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9.Cure Periods

 

Unless otherwise specifically provided otherwise in this Agreement, the cure period for the failure to perform any obligation of a party pursuant to the terms of this Agreement shall be thirty (30) calendar days after sending Notice of such failure to the failing party.

 

10.Expenses

 

Each party shall bear its own costs of accounting and legal services in connection with this Agreement.

 

11A Seller Hold Harmless

 

Seller does hereby indemnify and reimburse Purchaser for and shall hold and save Purchaser harmless from and against all liabilities, debts, taxes, costs, claims, expenses, actions or causes of action, losses, damages of any kind whatsoever (including costs of litigation, investigation, and reasonable attorney’s fees, but not including standard accounts receivable and accounts payable amounts) now existing or that may hereafter arise from or grow out of Seller’s operation and/or ownership of Sellers Company prior to the Final Closing Date, either directly or indirectly, other than for ordinary business expenses incurred in the operation of the Subject Corporation.

 

11B Purchaser Hold Harmless

 

Purchaser does hereby indemnify and reimburse Seller for and shall hold and save Seller harmless from and against all liabilities, debts, taxes, costs, claims, expenses, actions or causes of action, losses, damages of any kind whatsoever (including costs of litigation, investigation, and reasonable attorney’s fees, but not including standard accounts receivable and accounts payable amounts) that may hereafter arise from or grow out of Purchaser’s operation and ownership of Purchaser’s business after the Final Closing, either directly or indirectly.

 

12.Representations and Warranties.
   
A.Seller represents and warrants that
   
i)Seller is in good standing as Michigan Corporations;
   
ii)Seller has and will maintain during the term of this Agreement all the required permits and licenses required to conduct the businesses in which it is engaged;
   
iii)Seller owns the tangible assets which are used in the conduct of their businesses , except as specifically otherwise stated in writing to Purchaser;
   
iv)Copies of all financial statements and records for the Seller requested by Purchaser have been provided to Purchaser, and all such documents provided are true and correct copies of the originals of such documents;
   
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v)Seller has not since July 29, 2014 and will not during the term of this Agreement revise their methods of doing business, accounting, or financial reporting;
   
vi)Seller will comply with all governmental requirements during the term of this Agreement; and
   
vii)Seller’s shareholders are legally authorized to and have full authority to execute this Agreement and bind the Seller to the terms of this Agreement.
   
B.Purchaser represents and warrants that:
   
i)Purchaser is in good standing as an Delaware corporate company;
   
ii)Purchaser has and will maintain during the term of this Agreement all the required permits and licenses required to conduct the businesses in which it is engaged;
   
iii)Purchaser will comply with all governmental requirements during the term of this Agreement; and
   
iv)Purchaser and the persons executing this Agreement are legally authorized to and have full authority pursuant to properly authorized corporate resolutions to execute this Agreement and bind the Purchaser to the terms to this Agreement.
   
13.Real Estate
   
A.Corporation is leasing the business property at various locations (“Business Address ’’) at a rate of $_____ per month, with approximately __ months remaining on the leases [attached]; and
   
B.The Business Address shall remain the principal business location of the Subject Corporation during the term of the Employment Contracts referenced below.
   
14.Employment Contracts
   

Purchaser will, if it so chooses, execute employment contracts with desired employees, as described in Exhibit “A” attached hereto.

 

15.Assets of the Subject Corporation

 

Attached hereto as “Exhibit B” is a list or-Sellers current assets, including information, where applicable, regarding any leases or encumbrances which may relate to any such assets. Sellers’ shareholders warrant that assets will not be sold, encumbered, or acquired by Seller except in the normal and customary conduct of the businesses of the Subject Corporation during the term of this Agreement.

 

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16.Confidentiality

 

The parties agree that the terms and conditions of this Agreement and its exhibits are confidential between the parties and may not be disclosed to any third persons without the written consent of both parties except to the extent necessary to perform the obligations of this Agreement or as required by law or as already known in the public domain.

 

17.Litigation

 

Sellers represent that there is no litigation or proceedings pending to their knowledge against or relating to the Subject Corporation other than as has been disclosed to Purchaser in writing; nor does Seller know nor have reasonable grounds to know of any basis of any additional action or governmental investigation relative to the Subject Corporation, or its properties or businesses.

 

18.Notices

 

Any notice or demand required or desired to be given under this Agreement shall be in writing and shall be personally served or in lieu of personal service may be given at the addresses and/or fax numbers set forth herein or otherwise known to the parties. Any party may change its address or fax number by giving notice in accordance with the provisions of this section.

 

Such notice shall be deemed as received on the third business day after mailing by certified mail; or on the day after being sent next day delivery by a recognized overnight delivery service; or on the day sent by facsimile transmission provided that the sender can .show proof of such transmission and provided that an original of such notice is mailed by first class or certified mail, proper postage prepaid, within two business days of such facsimile transmission.

 

Notices may be sent as follows or as otherwise directed by either party:

 

Seller Accelera Innovations, Inc
Attn: Kevin Watson Attn: Cindy Boerum
4729 Azalea Dr. 20511 Abbey Drive
Ypsilanti, MI 48197 Frankfort IL 60423
Phone: 734/646-8045 Phone: 866/866-0758
Fax: 734/434-0595 Fax: 708/478-5457

 

19.Miscellaneous
A.Entire Agreement/Venue. This Agreement, together with its Exhibits attached hereto and made a part hereof, constitutes the entire agreement between the parties and supersedes and takes precedence over any prior agreement(s) between the parties, whether written or oral. This Agreement may be modified or altered only by the prior written consent of all parties or their legal representatives. The failure of any party to enforce any provision of this Agreement shall not be construed as a modification or waiver of any of the terms of this Agreement, nor prevent that party from enforcing each and every term of this Agreement at a later time. This Agreement shall be construed according to the laws of the State of Illinois and -any litigation relating-to this Agreement shall be commenced in Will County, Illinois.

 

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B.Survival. All the agreements, representations, warranties, indemnifications and undertakings herein contained shall survive the Initial Closing of this transaction and shall be binding upon and inure to the benefit of the parties hereto and their respective representatives, heirs, executors, administrators, successors, and assigns, as though they were in all cases named.
   
C.Prevailing Party Recovers Costs. In the event of litigation between the parties relating to this Agreement, the non-prevailing party shall reimburse the prevailing party for the prevailing party’s costs of enforcing this Agreement through an appeals process, including reasonable attorneys’ fees and expenses.
   
D.Severability/Blue Pencil. In the event that any of the provisions or portions of this Agreement are held to unenforceable or invalid by any court of competent jurisdiction, the validity of the remaining portions and provisions shall not be affected, and thereby held to be enforceable and valid and the balance of the Agreement shall be construed to and any invalidated section may be rewritten by a court of law to achieve the intent of the invalidated portion as nearly as is legally possible.
   
E.Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute this Agreement. Multiple copies of this Agreement may be separately executed by the parties and shall together constitute one Agreement.
   

The parties do not intend to confer any benefit hereunder on any person or party other than the parties hereto and their successors as described herein.

 

IN WITNESS WHEREOF, the parties hereto have hereunto set their hands and seals as of the day and year first above written,

 

Sellers (Shareholders): Purchaser:
       
Kevin Watson Accelera Innovations, Inc
       
By: /s/ Kevin Watson By: /s/ Cindy Boerum
  Kevin Watson   Cindy Boerum, President

 

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Exhibit A

 

WATSON EMPLOYMENT AGREEMENTS

 

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Exhibit B

 

WATSON ASSETS

 

There is no leased equipment by either Watson Health Care or Affordable Nursing.

 

WATSON HEALTH CARE, INC

 

Ann Arbor

· Computers/Monitors 4 (HP)
· Scanner/Printers 4 (1 HP, 3 Brother)
· Fax Machine/Copier 2 (1Canon Copier, 1 Brother Fax)
· 4-Line Telephone 5 (3 Meridian, 2 Ameritech)
· Cellular Telephone 2 (Verizon)
· Photo Printer 1 (Canon)
· Digital Camera 1 (Canon)
· Television 1
· VHS/DVD Combo 1
· Desks 4
· Tables 3 (1 Conference, 1 Kitchen, 1 Coffee)
· Chairs 13
· Couch 2
· File Cabinets 12 (7 Vertical, 4 Horizontal, 2 Rolling)
· Bookcases 6
· Organizer 1 (Multi-Compartment)
· Paper Shredder 1
· Water Cooler 1
· Small Refrigerator 1
· Microwave 1

 

Hartland

· Computers/Monitors 2 (HP, Compaq)
· Scanner/Printers 2 (Brother DCP 7020, Brother)
· Fax Machine/Copier 1 (Brother)
· 4-Line Telephone 4 (RCA)
· Cellular Telephone 1
· Photo Printer 1 (Canon)
· Digital Camera 1 (Canon)
· Television 1 (27” Dynex)
· VHS/DVD Combo 1 (Magnovox)
· Desks 2 (1 w/ matching hutch, 2-drawer)
· Tables 2 (End, Conference)
· Chairs 9 (4 Office, 5 Conference)
· File Cabinets 6 (5/4-Drawer, 1/2-drawer)
· Bookcases 2 (4’, 6’)
· Organizer 1 (Multi-Compartment)
· Paper Shredder 1 (Staples)
· Water Cooler 1
· Small Refrigerator 1 (Avanti)
· Microwave 1 (Avanti)

 

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Southfield  

· Computers/Monitors 2 (1 Dell, 1 Gateway)
· Scanner/Printers 3 (1 Brother, 2 HP LaserJet)
· Fax Machine/Copier 1 (Canon)
· 4-Line Telephone 3 (RCA)
· Cellular Telephone 1
· Photo Printer 1 (Canon)
· Digital Camera 1 (Canon)
· Television 2
· VHS/DVD Combo 1
· Desks 4
· Tables 1 (Conference)
· Chairs 13
· File Cabinets 9 (3 Vertical, 5 Horizontal, 1 2-Door Wood)
· Bookcases 1
· Organizer 1 (Multi-Compartment)
· Exhibit Stand 1
· Storage Shelf 2
· Paper Shredder 1
· Small Refrigerator 1
· Microwave 1

 

Warren

· Computers/Monitors 2
· Scanner/Printers 1
· Fax Machine/Copier 1 (Brother)
· 4-Line Telephone 3
· Cellular Telephone 1
· Television 1
· VHS/DVD Combo 1
· Desks 2
· Tables 5
· Chairs 15
· File Cabinets 4
· Bookcases 1
· Organizer 2 (Multi-Compartment)
· Paper Shredder 1
· Water Cooler 1
· Small Refrigerator 1

 

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Monroe 

· Computers/Monitors 2 (1 HP, 1 Dell)
· Scanner/Printers 2 (Brother)
· Fax Machine/Copier 1 (HP LaserJet)
· 4-Line Telephone 3 (AT&T)
· Photo Printer 1 (Canon)
· Digital Camera 1 (Canon)
· Cellular Telephone 1
· Television 1
· VHS/DVD Combo 1
· Desks 3
· Tables 2 (1 Conference, 1 Table)
· Chairs 4
· File Cabinets 5 (2 4-Drawer Vertical, 2 2-Drawer, 1 Storage)
· Bookcases 3
· Organizer 1 (Multi-Compartment)
· Paper Shredder 1
· Small Refrigerator 1
· Microwave 1

 

Owosso  

· Computers/Monitors 1 (Compaq)
· Scanner/Printers 1 (Canon)
· Fax Machine/Copier 1 (Brother)
· 4-Line Telephone 2
· Cellular Telephone 1
· Desks 2 (Wooden, Gray Wooden/Metal)
· Tables 3 (1 conference, 2 folding)
· Chairs 10 (2 Desk, 2 Waiting Room Chairs, 6 Conference Room)
· File Cabinets 3 (4-Drawer)
· Bookcases 3 (5 shelf, 2 drawers w/ doors, 2 doors no shelves)
· Organizer 1 (Multi-Compartment)
· Paper Shredder 1
· Small Refrigerator 1
· Microwave 1
· Electric Calculator 1

 

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AFFORDABLE NURSING, INC    

      

Gladwin   

· Computers/Monitors 2 (HP Pavilion, HP)
· Scanner/Printers 2 (HP Office Jet Printer 8100, HP Office Jet Pro 8600)
· Copier/Fax Machine 1 (Sharp 201 Copier, Brother Fax Machine)
· 4-Line Telephone 5 (AT&T 4-Line)
· Cellular Telephone 1
· Television 1
· VHS/DVD Combo 1
· Desks 5 (4 Standard, 1 Corner)
· Chairs 12 (4 Desk, 4 Blue, 4 Silver)
· Conference Tables 2 (8’, 6’)
· File Cabinets 14 (12 Vertical, 2 Horizontal)
· Bookcases 2 (3 shelf + bottom storage, 2 shelf)
· Organizer 1 (Multi-Compartment)
· Paper Shredder 1 (Staples)
· Small Refrigerator 1 (Haier)
· Microwave 1 (Sunbeam)

 

Grand Rapids 

· Computers/Monitors 2
· Scanner/Printers 2
· Fax Machine/Copier 2
· 4-Line Telephone 3 (Panasonic)
· Cellular Telephone 1
· Television 1
· VHS/DVD Combo 1
· Desks 2
· Tables 3
· Chairs 8
· Couch 2
· File Cabinets 7 (4 4-Drawer, 3 2-Drawer)
· Bookcases 2
· Paper Shredder 1
· Microwave 1
· Toaster Oven 1

 

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