Exhibit 10.6
FIRST AMENDMENT TO
MANAGEMENT SERVICES AGREEMENT
This First Amendment to Management Services Agreement (this "First
Amendment") is entered into by and between Atlas FRM LLC, a Delaware limited
liability company ("Atlas"), and Wood Resources LLC, a Delaware limited
liability company (the "Company"), as of December 22, 2004 (the "Effective
Date").
RECITALS
WHEREAS, pursuant to that Management Services Agreement dated April 4, 2003
(the "Agreement") Atlas performs Services for the Company in consideration of
payment by the Company to Atlas of three hundred thousand dollars ($300,000) per
annum; and
WHEREAS, Atlas and the Company have agreed that as of the Effective Time
the aggregate compensation payable by the Company to Atlas for the Services
shall be increased to seven hundred fifty thousand dollars ($750,000) per annum;
NOW, THEREFORE, in consideration of these recitals and for other good and
sufficient consideration, receipt and sufficiency of which is acknowledged,
Atlas and the Company agree as follows:
1. COMPENSATION.
In consideration for the performance of the Services pursuant to the
Agreement, Atlas shall be entitled to a Management Fee from the Company in an
amount equal to seven hundred fifty thousand dollars ($750,000) per annum,
payable quarterly in advance on the first day of each calendar quarter (and
appropriately prorated if this Amendment shall commence or end on other than the
first day of a calendar quarter).
2. NO OTHER AMENDMENTS.
Except as specifically amended hereby, the Agreement shall remain in full
force and effect.
3. DEFINED TERMS.
Terms not otherwise defined herein shall have the meaning ascribed to such
terms in the Agreement.
4. COUNTERPARTS.
This Amendment may be executed in any number of counterparts, and each such
counterpart hereof shall be deemed to be an original instrument, but all such
counterparts together shall constitute but one agreement.
IN WITNESS WHEREOF, the parties have caused this Amendment to be duly
executed as of the date first set forth above.
ATLAS FRM LLC: WOOD RESOURCES LLC:
By: /s/ Xxxxxx X. Xxxxxx By: /s/ Xxxxxxx Xxxxxxxxx
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Name: Xxxxxx X. Xxxxxx Name: Xxxxxxx Xxxxxxxxx
Title: Managing Partner Title: Chief Executive Officer and President
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