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Exhibit 10.10
FOURTH ADDENDUM TO MANAGEMENT AGREEMENT
THIS FOURTH ADDENDUM TO MANAGEMENT AGREEMENT dated as of October 1,
1998, is entered into among Genesis Partners, Inc., a Florida corporation
("Genesis"), Peachtree FiberOptics, Inc., a Delaware corporation ("Peachtree"),
and Xxxxxxx X. Xxxxxxx, an individual.
RECITALS:
A. On October 27, 1993 Genesis and Peachtree entered into a management
agreement (the "Management Agreement"), which agreement was amended by
Addendums to Management Agreement, dated February 28, 1994, October 26, 1995
and March 1, 1996 (collectively "Addendums"), among Genesis, Peachtree and
Xxxxxxx X. Xxxxxxx ("Xxxxxxx").
B. The Management Agreement, as amended by the Addendums Agreement
expires on October 26, 1998.
C. Genesis, Peachtree and Xxxxxxx desire to extend the term of
the Management Agreement, as amended by the Addendums, for an additional 12
months pursuant to the terms and conditions of this Fourth Addendum to
Management Agreement.
NOW, THEREFORE, the parties agree as follows:
1. Extension of Term. Section 3 of the Management Agreement, as
amended by the Addendums is hereby modified to read as follows:
The term of this Agreement shall commence as of the date first above
written and shall expire on October 26, 1999, unless terminated pursuant to the
terms hereof or extended or renewed by mutual written agreement of the parties
hereto.
2. Management Agreement. Except as set forth herein, all other terms
and conditions in the Management Agreement, as amended by the Addendums, are
incorporated herein and shall remain in full force and effect.
3. Counterpart Signatures. This Agreement may be signed in identical
counterparts, each one of which shall be deemed an original, and such
counterparts, when taken together shall constitute one and the same document.
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IN WITNESS WHEREOF, the parties hereto have executed this Agreement
as of the day and year first above written.
PEACHTREE FIBEROPTICS, INC.
By:
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Authorized Representative
GENESIS PARTNERS, INC.
By:
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Xxxxxxx X. Xxxxxxx
President/CEO
By:
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Xxxxxxx X. Xxxxxxx,
Individually
