THIRD ADDENDUM TO THE MANAGEMENT
AND CONSULTING AGREEMENT
This Third Addendum to the Management and Consulting Agreement ("Third
Addendum") is made and entered into on February 9, 2005 ("Effective Date") by
and between FinancialContent, Inc., a Delaware corporation ("Company") and
SharpManagement, LLC, a Delaware LLC ("SharpManagement").
Whereas, the Company and SharpManagement executed a Management and Consulting
Agreement ("Agreement") on May 17, 2000, whereby SharpManagement provided
services to the Company in exchange for a monthly fee and common stock of the
Company;
Whereas, the one-year term under the Agreement expired on January 10, 2001, and
wanting to continue and extend the relationship, the Company and SharpManagement
have executed two additional addendums to the Agreement the last addendum
expiring on December 31, 2004;
Whereas, the Second Addendum to Management and Consulting Agreement expired on
January 1, 2005, and SharpManagement has continued to provide services to the
Company under the Second Addendum and the Company has continued to accept such
services;
Whereas, the Company and SharpManagement desire to extend the Agreement for an
additional one-year term subject to the restated terms set forth below:
Now therefore, in consideration duly noted herein, the Company and
SharpManagement (collectively the "Parties") agree as follows:
All terms and conditions of the Agreement (attached hereto) entered into on May
17, 2000, shall be adopted and shall be given continuity to this Third Addendum,
excluding the terms and conditions under paragraphs 2 and 4, and Exhibit A,
which shall be modified as follows:
2. Compensation. The Company shall pay SharpManagement $10,000.00 per
month for the term of this Third Addendum commencing retroactively from
January 1, 2005.
4. Term. This Third Addendum shall begin with an Effective Date of January
1, 2005 and shall continue for one year from such date. The term shall
not automatically renew.
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Exhibit A.
DESCRIPTION OF SERVICES
Responsibilities as CSO. Xxxx shall have all responsibilities as the Chief
Strategy Officer of the Company. These responsibilities shall include, but shall
not be limited to, the following:
Xxxx shall assist in setting overall objectives, approving plans and programs of
operation, shall advise on matter of mergers, acquisitions, consolidations,
financing, and shall advise on and assist with formulating general operating
policies.
Company: SharpManagement:
FinancialContent, Inc.
000 Xxxxxx Xxxxx Xxxx., Xxxxx 000
Xx. Xxx Xxxxxxxxx, XX 00000
By: /s/ Wing Yu By: /s/ Xxxxxxx Xxxx
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Wing Yu, CEO Xxxxxxx Xxxx, Managing Member
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