FIRST AMENDMENT TO CONSULTING AGREEMENT (Incoming Services)
EXHIBIT
10.32
FIRST
AMENDMENT TO
(Incoming
Services)
This
First Amendment to Consulting Agreement (“Amendment”) is made and entered into
this 6th
day
of __November
(“Effective
Date”), by and between Fiberstars, Inc., a California
corporation
having a place of business at 00000 Xxxxxx Xx., Xxxxx, XX 00000 (“Company”), and
Xxxxx X. Xxxxxxx, having a place of business at 00
Xxxxxxxx Xxx, Xxxxxxxx, XX 00000
("Consultant").
WHEREAS,
the Company and Consultant entered into a Consulting Agreement effective
February 3, 2006, and now wish to amend this agreement as follows:
1. Term
of Amendment.
This
Amendment will become effective on October
1, 2006
and will
continue in effect for up to 12 (twelve) months or until terminated as provided
in Section 13 of the Consulting Agreement
2. Services
To Be Performed by Consultant.
Consultant agrees to perform the services as set forth in the Statement of
Work
Form included as Exhibit A-1.
3.
All
other terms remain in effect, unless modified by Exhibit A-1.
Accepted
and Agreed:
| CONSULTANT: | COMPANY: | |
| By: _____________________________ | By: _______________________________ | |
| Print Name: _______________________ | Print Name: _________________________ | |
| As Its: ___________________________ | As Its: _____________________________ |
EXHIBIT
A-1
STATEMENT
OF WORK FORM
1. Principal
Contact(s):
Xxxx
X. Xxxxxxxxx and Xxxxxx X. Xxxxxxx
2.
Services
to be Provided; Term.
Consultant
shall render such services as Company may from time to time request in writing
in connection with the following project:
Marketing
EFOÔ
Consultant
shall upon Company's request, but in any event no less frequently than once
each
month, report to Company on the status of the project performed by Consultant
hereunder. Upon notice to Consultant, Company has the right to receive copies
of
all or any portion thereof.
3. Fee
Schedule.
a) Cash
Compensation
$10,000
per month for up to 12 months
Company
will pay $10,000 before the 10th
of the
month following the month in which services have been performed. The total
amount authorized to be paid to Consultant under this Statement of Work is
up to
$120,000
for 12 months.
This
amount shall not be exceeded without Company’s written approval.
4. Acceptance
of Work Product.
Within
ten (10) working days after receipt of Consultant's completed report ("Work
Product"), Company will accept or reject the Work Product. In the event Company
rejects the Work Product, Company may at its option require Consultant, at
Consultant's own expense, to revise the Work Product to render it acceptable
to
Company. Consultant will have ten (10) working days to submit the revised Work
Product to Company. If Company fails to notify Consultant within the specified
time, Company will be deemed to have accepted the Work Product.
| CONSULTANT: | COMPANY: | |
| Signature: _____________________________ | Signature: _____________________________ | |
| Print Name: ____________________________ | Print Name _____________________________ | |
| Title: _________________________________ | Title: __________________________________ |
