Exhibit 10.18
ADDENDUM
MERGERS AND ACQUISITIONS ADVISORY AGREEMENT
THIS ADDENDUM (the "Addendum") to the MERGERS AND ACQUISTIONS ADVISORY
AGREEMENT, dated as of April 1, 2005 (the "M&A Agreement"), by and between
Ridgefield Acquisition Corp., a Colorado corporation, having an address at 000
Xxxx Xxxxx Xxxx, Xxxxxxx, Xxxxxxxxxxx 00000 (hereinafter referred to as the
"Company"), and Catalyst Financial LLC, a New York limited liability company,
having an address at 000 Xxxx Xxxxx Xxxx, Xxxxxxx, Xxxxxxxxxxx 00000
(hereinafter referred to as the "Consultant") is made as of the 1st day of
February 2006.
WHEREAS, the Company and the Consultant have agreed to amend the M&A
Agreement in accordance with the terms and conditions set forth in this
Addendum.
NOW, THEREFORE, in consideration of the mutual promises set forth
herein, the parties hereto agree as follows:
1. That paragraph 3. A. (Monthly Fee) of the M&A Agreement shall
be amended to provided that monthly fee payable by the Company
to the Consultant during the one year period from February 1,
2006 though January 31, 2007 shall be increased from $1,000
per month to $5,000 per month. Accordingly, during the one
year period from February 1, 2006 though January 1, 2007, the
Company shall pay a monthly fee in the amount of $5,000.00 to
Consultant on the first day of each month commencing on
February 1, 2006 and continuing through January 1, 2007.
Thereafter, the Company shall pay a monthly fee in the amount
of $1,000.00 to Consultant on the first day of each month
commencing on February 1, 2007 and continuing through March 1,
2008.
2. All of the other remaining terms and conditions set forth in
the M&A Agreement shall remain in full force and effect.
3. This Addendum may be executed in any number of counterparts,
including facsimile signatures, which shall be deemed as
original signatures. All executed counterparts shall
constitute one Agreement, notwithstanding that all signatories
are not signatories to the original or the same counterpart.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date first above written.
RIDGEFIELD ACQUISITION CORP. CONSULTANT
By: /s/ Xxxxxxx Xxxxx By: /s/ Xxxxxx X. Xxxxxxx
___________________________ ___________________________
Xxxxxxx Xxxxx, Director Xxxxxx X. Xxxxxxx, President
Ridgefield Acquisition Corp. Catalyst Financial LLC
