1
EXHIBIT 8.5
MANAGEMENT AGREEMENT
THIS AGREEMENT made this 21st day of October, 1996, by and between
AMERICAN ACCESS TECHNOLOGIES, INC., a Florida corporation (the "Corporation"),
and Xxx Xxxxxx & Sons, ("Manager").
WITNESSETH:
WHEREAS, the Corporation desires to retain Manager; and,
WHEREAS, Manager desires to provide management services to the
Corporation.
NOW, THEREFORE, in consideration of the mutual covenants and promises
contained herein, the parties agree as follows:
l. MANAGEMENT. Manager will provide management assistance to the
corporation by performance of the following:
- Organize policies and procedures for organization of the
business operations.
- Assist other management consultants in the securing short-term
and long-term financial needs for the corporation
- Supervise the development of products and services
- Consult with and employ legal, accounting, and industry
consultants to assist in the organization and operation of the
corporation
- Other duties as directed by the Board of Directors
1. PAYMENT. Manager will be authorized Ten Thousand ($10,000) per month as
payment for services. However, beginning as authorized by the board of
directors, manager will be paid One Thousand Three Hundred Thirty Six
($1,386) per week and the balance due will accrue to manager. Accrued
compensation under this agreement will be settled as directed by the
board of directors; but, shall be on or before December 31, 1998.
2. TERM: The term of this agreement shall be on a month by month basis and
terminated with either party giving notice of at least 30 days prior to
anticipated termination. In no event shall this arrangement exceed
eighteen (18) months in duration.
4. ENTIRE AGREEMENT: This is an entire agreement employing and
incorporating all verbal agreements and understanding and any
additional changes, amendments or modifications must be made in
writing.
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IN WITNESS WHEREOF, the parties hereto have executed this Agreement the day and
year first written above.
Witness "Corporation" AMERICAN ACCESS TECHNOLOGIES,
Inc.
/s/
---------------------------------
/s/ By: /s/
--------------------------------- ---------------------------------
Its: Director
/s/ "Manager"
---------------------------------
/s/ /s/ Xxxxxx X. Xxxxxx
--------------------------------- -------------------------------------
Xxx Xxxxxx
--------------------------------- -------------------------------------
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MANAGEMENT AGREEMENT
THIS AGREEMENT made this 1st day of March, 1997, by and between
AMERICAN ACCESS TECHNOLOGIES, INC., a Florida corporation (the "Corporation"),
and Xxxxx X. Xxxxx, ("Manager").
WITNESSETH:
WHEREAS, the Corporation desires to retain Manager; and,
WHEREAS, Manager desires to provide management services to the
Corporation.
NOW, THEREFORE, in consideration of the mutual covenants and promises
contained herein, the parties agree as follows:
1. MANAGEMENT. Manager will provide management assistance to the
corporation by performance of the following:
- Organize policies and procedures for organization of the
business operations.
- Assist other management consultants in the securing short-term
and long-term financial needs for the corporation
- Supervise the development of products and services
- Consult with and employ legal, accounting, and industry
consultants to assist in the organization and operation of the
corporation
2. PAYMENT. Manager will be authorized Five Thousand ($5,000) per month as
payment for services. However, beginning as authorized by the board of
directors, parties agree manager will be paid Six Hundred Ninety Three
($693) per week and the balance due will accrue to manager. Accrued
compensation under this agreement will be settled as directed by the
board of directors; but, shall be on or before December 31, 1998.
3. TERM: The term of this agreement shall be on a month by month basis and
terminated with either party giving notice of at least 30 days prior to
anticipated termination. In no event shall this arrangement exceed
eighteen (18) months in duration.
4. TAX LIABILITY: Parties acknowledge that any taxes, state or federal, on
compensation paid under this agreement shall be the duty and
responsibility of the manager.
5. ENTIRE AGREEMENT: This is an entire agreement employing and
incorporating all verbal agreements and understanding and any
additional changes, amendments or modifications must be made in
writing.
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IN WITNESS WHEREOF, the parties hereto have executed this Agreement the day and
year first written above.
Witness "Corporation" AMERICAN ACCESS TECHNOLOGIES,
Inc.
/s/
---------------------------------
/s/ By: /s/
--------------------------------- ---------------------------------
Its: Director
/s/ "Manager"
---------------------------------
/s/ /s/ Xxxxx X. Xxxxx
--------------------------------- -------------------------------------
(Xxxxx X. Xxxxx)
5
MANAGEMENT AGREEMENT
THIS AGREEMENT made this 21st day of October, 1996, by and BETWEEN
ACCESS TECHNOLOGIES, INC., a Florida corporation (the "Corporation"), and Xxxxxx
X. Xxxxxxxx, ("Manager").
WITNESSETH:
WHEREAS the Corporation desires to retain Manager, and,
WHEREAS, Manager desires to provide management services to the
Corporation.
NOW, THEREFORE, in consideration of the mutual covenants and promises
contained herein, the parties agree as follows:
1. MANAGEMENT, Manager will provide management assistance to the
corporation by performance of the following:
- Organize policies and procedures for organization of the
business operations.
- Assist other management consultants in the securing short-term
and long-term financial needs for the corporation.
- Supervise the development of products and services.
- Consult with and employ legal, accounting, and industry
consultants to assist in the organization and operation of the
corporation.
2. PAYMENT. Manager will be authorized Five Thousand ($5,000) per month as
payment for services. However, beginning as authorized by the board of
directors, parties agree manager will be paid Six Hundred Ninety Three
($693) per week and the balance due will accrue to manager. Accrued
compensation under this agreement will be settled as directed by the
board of directors; but, shall be on or before December 31, 1998.
3. TERM: The term of this agreement shall be on a month by month basis and
terminated with either party giving notice of at least 30 days prior to
anticipated termination. In no event shall this arrangement exceed
eighteen (18) months in duration.
4 TAX LIABILITY: Parties acknowledge that any taxes, state or federal, on
compensation paid under this agreement shall be the duty and
responsibility of the manager.
5. ENTIRE AGREEMENT: This is an entire agreement employing and
incorporating all verbal agreements and understanding and any
additional changes, amendments or modifications must be made in
writing.
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IN WITNESS WHEREOF, the parties hereto have executed this Agreement the day and
year first written above.
Witness "Corporation" AMERICAN ACCESS TECHNOLOGIES,
Inc.
/s/
---------------------------------
/s/ By: /s/ Xxxxxx X. Xxxxxx
--------------------------------- ---------------------------------
Its: Director
/s/ "Manager"
---------------------------------
/s/ /s/ Xxxxxx X. Xxxxxxxx
--------------------------------- -------------------------------------
(Xxxxxx X. Xxxxxxxx)
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MANAGEMENT AGREEMENT
THIS AGREEMENT made this 21st day of October, 1996, by and between
AMERICAN ACCESS TECHNOLOGIES, INC., a Florida corporation (the "Corporation"),
and NACEX, Inc. ("Manager").
WITNESSETH:
WHEREAS, the Corporation desires to retain Manager; and,
WHEREAS, Manager desires to provide management services to the
Corporation.
NOW THEREFORE, in consideration of the mutual covenants and promises
contained herein, the parties agree as follows:
1. MANAGEMENT. Manager will provide management assistance to the
corporation by performance of the following:
- Organize policies and procedures for organization of the
business operations.
- Assist other management consultants in the securing short-term
and long-term financial needs for the corporation
- Supervise the development of products and services
- Consult with and employ legal, accounting, and industry
consultants to assist in the organization and operation of the
corporation
- Make financial projections
- Select Investment Bankers to assist the financing for the
corporation
- Selecting and employing outside accountants
- Other duties as directed by the Board of Directors
1. PAYMENT. Manager will be authorized Five Thousand ($5,000) per month as
payment for services. However, beginning as authorized by the board of
directors, manager will be paid Six Hundred Ninety Two ($692) per week
and the balance due will accrue to manager. Accrued compensation under
this agreement will be settled as directed by the board of directors;
but, shall be on or before December 31, 1998.
2. TERM: The term of this agreement shall be on a month by month basis and
terminated with either party giving notice of at least 30 days prior to
anticipated termination. In no event shall this arrangement exceed
eighteen (18) months in duration.
4. ENTIRE AGREEMENT: This is an entire agreement employing and
incorporating all verbal agreements and understanding and any
additional changes, amendments or modifications must be made in
writing.
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IN WITNESS WHEREOF, the parties hereto have executed this Agreement the day and
year first written above.
Witness "Corporation" AMERICAN ACCESS TECHNOLOGIES,
INC.
/s/
---------------------------------
/s/ By: /s/ Xxxxxx X. Xxxxxx
--------------------------------- ---------------------------------
Its: Director
/s/ "Manager"
---------------------------------
/s/ /s/
--------------------------------- -------------------------------------
(Nacex, Inc.)
--------------------------------- -------------------------------------
