Exhibit 10(l)
Amendment No. 1 to
Consulting Agreement
This Agreement is made and entered into as of June 1, 1999 between Pro Tech
Communications, Inc. with its principal place of business at 0000 Xxxxxxxxxx
00xx, Xx. Xxxxxx, XX 00000 herein referred to as "Corporation", and Union
Atlantic LC with its principal place of business at 000 Xxxxxxxx Xxxxxx, Xxxxx
0000, Xxxxx, Xxxxxxx 00000 herein referred to as "Consultant".
Recitals
1. Corporation is a developer, manufacturer and distributor of telephone
headsets and other telephony related products, and in the pursuit of such
business, Corporation desires consulting services.
2. Consultant agrees to perform services for Corporation under the terms and
conditions set forth in this Agreement.
3. Consultant and Corporation desired to amend the Consulting Agreement by and
between Corporation and Consultant dated March 15, 1999 ("Consulting
Agreement").
In consideration of the mutual promises set forth herein, it is agreed by
and between Corporation and Consultant as follows that the Consulting Agreement
shall be amended as follows:
1. The fourth paragraph of Section 5 shall be deleted in its entirety and
replaced with the following paragraph:
"Consultant shall receive, in cash, at the closing of any Capital Transaction
during the term of this Agreement (or at the closing of a Capital Transaction
within twenty-four (24) months after the termination of this Agreement with a
party contacted by Consultant during the term of this Agreement) a six percent
(6%) fee. In the event the Capital Transaction is a merger or sale of control of
Corporation or substantially all of its assets, such fee shall be reduced by any
consulting fees paid to Consultant by Corporation pursuant to this Agreement
prior to such Capital Transaction. Excluded from the definition of Capital
Transaction shall be any transaction with First National Bank, Vero Beach,
Florida. "
2. All other terms and conditions of the Consulting Agreement shall remain in
full force and effect.
IN WITNESS WHEREOF, the parties to this Agreement have duly executed it on the
day and year first above written.
CORPORATION
Pro Tech Communications, Inc.
By: /s/ XXXXXXX XXXXXXXXX 6/2/99
------------------------- ------
Authorized Representative Date
CONSULTANT
Union Atlantic LC
By: /s/XXXXXXX X. XXXXXXX 6/1/99
--------------------------- ------
Xxxxxxx X. Xxxxxxx, Partner Date
