AMENDMENT TO MANAGEMENT SERVICES AGREEMENT
Exhibit 10.19.1
AMENDMENT TO MANAGEMENT SERVICES AGREEMENT
This Amendment to the Management Services Agreement dated February 5 2015 by and between Tectonic Services,
LLC, as manager (“Manager”), and Tectonic Advisors, LLC (“Advisors”) is entered into by and among the Manager, Advisors, Xxxxxxx Xxxxxx Xxxxxx LLC (“Xxxxxxx Xxxxxx”), Xxxxxx-Xxxxx Financial Services, LLC (“MG”) and HWG Insurance LLC (“HWG”).
NOW, THEREFORE, IN CONSIDERATION OF THE MUTUAL PREMISES HEREIN AND OTHER GOOD AND VALUABLE CONSIDERATION, the Parties hereto
hereby agree as follows:
| 1. |
Xxxxxxx Xxxxxx, MG and HWG shall be added to the Agreement and the Manager shall serve as manager of each of Xxxxxxx Xxxxxx, MG and HWG.
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| 2. |
The Manager shall provide the Services to each of Xxxxxxx Xxxxxx, MG and HWG (and shall continue providing the Services to the Company) in accordance
with the terms of the Agreement;
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| 3. |
Advisors hereby consents to the provision of the Services by the Manager to Xxxxxxx Xxxxxx, MG and HWG and the inclusion of Xxxxxxx Xxxxxx, MG and
HWG as parties to the Agreement;
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| 4. |
Section 2.1 of the Agreement shall be deleted in its entirety and replaced with the following Section 2.1
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2.1 Management Fee. In
consideration of the Services to be rendered by the Manager hereunder, the Company, Xxxxxxx Xxxxxx, MG and HWG shall pay the Manager a monthly management fee in the amount of $15,000, $3,000, $1,000 and $1,000, respectively, which fees shall be
payable in advance and each such party shall be responsible for the payment of Out-of-Pocket Expenses (defined in Section 2.2).
| 5. |
Notwithstanding anything to the contrary herein, the remaining terms, conditions and provisions of the Agreement shall remain in full force and
effect, enforceable against each of the parties hereto in accordance with their terms.
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This amendment is effective as of March 1, 2017, as agreed by the following:
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Tectonic Holdings, LLC
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| By: |
Tectonic Services, LLC, its manager
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| /s/ A. Xxxx Xxxxxxx | ||
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A. Xxxx Xxxxxxx, CEO
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Tectonic Advisors, LLC
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| By: |
Tectonic Services, LLC, its manager
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| /s/ A. Xxxx Xxxxxxx | ||
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A. Xxxx Xxxxxxx, CEO
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Xxxxxxx Xxxxxx Xxxxxx LLC
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| By: |
Tectonic Services, LLC, its manager
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| /s/ A. Xxxx Xxxxxxx | ||
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A. Xxxx Xxxxxxx, Vice President
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Xxxxxx-Xxxxx Financial Services LLC
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| By: |
Tectonic Services, LLC, its manager
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| /s/ A. Xxxx Xxxxxxx | ||
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A. Xxxx Xxxxxxx, Vice President
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HWG Insurance LLC
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| By: |
Tectonic Services, LLC, its manager
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| /s/ A. Xxxx Xxxxxxx | ||
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A. Xxxx Xxxxxxx, Vice President
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