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EXHIBIT 10.12
MANAGEMENT AND ACCOUNTING SERVICES AGREEMENT
This Agreement by and between Mercury Information Technologies, Inc. and
Mercury, Inc, is for the provision of management and accounting services by
Mercury, Inc. to Mercury Information Technologies, Inc. The term of this
Agreement shall be from 10/1/95 until 12/31/95 with an option to renew for one
(1) year at the expiration date of the Agreement. Mercury Information
Technologies, Inc. will pay to Mercury, Inc. a monthly fee, inclusive of
employee benefits costs, of $2,300.00 for accounting services as follows:
1. One full time accountant
2. Twelve hours clerical for payroll and accounts payable services
3. Twelve hours accounting supervision services
Mercury Information Technologies, Inc. will pay to Mercury, Inc. a
monthly fee of $3,218.00 for management services inclusive of employee benefits
costs.
The undersigned authorized representatives of Mercury Information
Technologies, Inc. and Mercury, Inc. agree to the terms and conditions of this
Agreement.
DATE: 11-7-95 MERCURY INFORMATION
---------------------------- TECHNOLOGIES, INC.
BY: /s/ XXXXXX X. XxXXXXXX
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TITLE: V P OPERATIONS
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MERCURY, INC.
BY: /s/ ILLEGIBLE
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TITLE: CFO
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