The Agreement between Kenmar Business Groups, Inc. and GFA Consulting Inc.,
dated September 1, 1994 as amended on September 1, 1995, is extended through
August 31, 1997 and amended as indicated on this document:
1. Consultant will provide services to EMSG Systems Division, Inc. (SDI),
which is the new name for Kenmar Business Groups, Inc. Consultant will also
provide services under the terms and conditions of this agreement to
Electronic Manufacturing Systems Groups, Inc. (EMSG), which is SDI holding
company, and to any company that may be acquired by EMSG in the future.
2. The hourly rate is changed to $43.75.
/s/ Xxxxxxx X. Xxxxx /s/ Xxxxxxx Xxxxxxxxx 9/1/96
Xxxxxxx X. Xxxxx Xxxxxxx Xxxxxxxxx
President and CEO President
EMSG Systems Division, Inc. GFA Consulting Inc.
AGREEMENT made this first day of September, 1994 between Kenmar
Business Groups, Inc. (Company) and GFA Consulting, Inc.
(Consultant).
1. Consultant shall perform accounting, financial and manufacturing cost
control services as determined by the President of the Company who will
agree with the Consultant on a standard of performance for this assignment.
Consultant shall assign Xxxxxxx Xxxxxxxxx to this engagement. The
President of the Company shall assign employees to work under the direction
of the Consultant as determined by the standard of performance.
2. Consultant shall perform all services as an independent contractor and not
as a employee of the Company.
3. The course of this agreement is one year, renewable for another year
upon agreement between both parties. This agreement may be terminated by the
Company or the Consultant at any time upon the giving of sixty (60) days
written notice.
4. The Company shall compensate the Consultant at the rate of $4,000.00 monthly,
payable in semimonthly payments. The Consultant's performance will be
evaluated by the President at six month intervals. Satisfactory performance
shall entitle the Consultant to a twenty five percent (25%) premium amount
over the base rate of $24,000.00 for each six month interval. This amount
will be prorated over the next following six month interval, except
that upon termination of this agreement, the premium pay, if awarded, will
be paid to the Consultant in a lump sum.
5. Consultant understands and agrees that the Consultant will have access
to information not generally known to the public which is proprietary
and confidential to the Company. Consultant agrees that, during or at any
time after the termination of this agreement, it shall not use for itself
or for any other person or business or divulge or convey to any other person
or business any proprietary or confidential information disclosed or learned
in the performance of this agreement.
6. This agreement shall be interpreted in accordance with the laws of the
state of North Carolina.
7. This is the entire agreement of the parties and shall not be amended
or modified except by a written authorized and executed document signed by
the Company and the Consultant.
Kenmar Business Groups, Inc. GFA Consulting, Inc.
/s/ Xxxxxxx X. Xxxxx 9/1/95 /s/ Xxxxxxx Xxxxxxxxx
Xxxxxxx X. Xxxxx Xxxxxxx Xxxxxxxxx
President President
This contract is extended one year and amended as follows:
Consultant will provide the services of Xxxxxxx Xxxxxxxxx half-days or by the
hour as required by the Company. Compensation for half-days will be $576.93
weekly. The hourly rate is $35.00.
/s/ Xxxxxxx X. Xxxxx 9/1/95 /s/ Xxxxxxx Xxxxxxxxx
Xxxxxxx X. Xxxxx Xxxxxxx Xxxxxxxxx
President President
