WINFIELD FINANCIAL GROUP
BUSINESS SALES, VALUATIONS AND CONSULTING
Engagement Agreement
PERSONAL AND CONFIDENTIAL
July 15, 2003
Mr. NJP, dba ADVANCED TECHNICAL SERVICES
Xxxxxx Xxxxxxxx
0000 Xxxxx Xxxxxx Xxxxx Xxxxx
Xxx Xxxxx, XX 00000
SUBJECT: CONSULTING AGREEMENT PROPOSAL
Dear Xxxxxx
Thank you for your interest in working with Winfield Financial
Group. As we discussed, this letter, when properly signed, will
serve as a separate engagement agreement between Winfield Financial
Group ("WFG" hereinafter) and Advanced Technical Services ("ATS"
hereinafter) for providing consulting and plan design services
separate from the administration services.
CONSULTING SERVICES
The scope of this engagement will be to provide consulting and
advisory services to the Company relating to strategic analyses and
plan consulting for the Company's Assigned goals. Our services will
generally include:
a) Review of relevant Documents and records in order to lay
a foundation for
b) Analysis and design work related to designing an
appropriate operational policy for the implementation of
the ESOP...
c) Coordination of the efforts of other professionals as may
be involved in completion of project.
d) Participation in meetings and preparation of such
projections and reports to the Board as are necessary to
help frame discussions and make decisions related to the
above.
FEES
Consulting Company will be paid on the basis of the following rates
and reimbursed for out-of- pocket expenses that may be incurred
with this engagement. Out-of-pocket expenses include all travel
expenses, duplicating charges, research materials and charges, and
long-distance telephone calls. Invoices will be issued at the end
of every month for which services are rendered.
0000 XXXXXXXX XXXXXXX, XXXXX 000, XXX XXXXX, XXXXXX 00000
Voice 702.731.0030 Facsimile 702.731.0094 Email
xxx@xxxxxxxxxxxxxxxxxxxxxx.xxx
NJP, dba ADV ANCED TECHNICAL SERVICES
Xxxxxx Xxxxxxxx
July 15, 2003
Page 2
A retainer fee of $00.00 will be required to begin the work and
will be applied against accrued charges.
The undersigned {ATS/ Xxxxxx Xxxxxxxx} agrees to pay a Consultant
Fee of $67.000.00 Sixty
Seven Thousand Dollars to Winfield Financial Group At Time Of
Funding.
In order to activate this portion of the engagement, please sign
and return the acceptance of services
sheet attached to this letter and return it with the retainer as
indicated. We are prepared to begin immediately.
Sincerely,
Winfield Financial Group
/s/Xxxxxx X. Xxxx
-----------------
Xx. Xxxxxx Xxxxxxxx
July 15, 2003
Page 3
ACCEPTANCE OF SERVICE
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This Acceptance of Services relates to the letter agreement dated
July 15, 2003 incorporated herein by reference. The fee estimates
quoted therein will be honored for a period of 60 days. If not
hired within 60 days, a new fee estimate may be provided.
Please note that in providing the services outlined in this
proposal, WFG is acting as a service provider and not in any
fiduciary capacity. Specifically, WFG is not being retained to act
as Trustee or, nor to provide investment advice of any nature.
Returning an executed copy of this page to WFG at the address
listed below indicates acceptance of the terms of this proposal as
an agreement for services offered by WFG.
Return to the attention of Xxxxxx X. Xxxx at
Winfield Financial Group
0000 Xxxxxxxx Xxxxxxx
Xxxxx 000
Xxx Xxxxx, XX 00000
000-000-0000
Proposal Date: July 15, 2003
The foregoing has been read, understood, and approved, and the
undersigned does hereby agree to retain WFG upon the terms and
provisions contained herein.
For: Xxxxxx Xxxxxxxx
By /s/ Xxxxxx Xxxxxxxx
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Xxxxxx Xxxxxxxx Date
President
