EXHIBIT 10.3
April 10, 1997
Interlaken Capital, Inc.
000 Xxxxx Xxxxxx
Xxxxxxxxx, XX 00000
Attn: Xxxxxx Xxxxx
Re: Advisory Services Agreement
(the "Agreement")
Gentlemen:
When countersigned by you in the space provided below for that purpose,
this letter will serve to formalize the terms pursuant to which Interlaken
Capital, Inc. ("Interlaken") will continue to provide advisory services to Fine
Host Corporation ("Fine Host"). We agree that:
1. Interlaken will continue to provide advisory services to
Fine Host as needed and when requested by Fine Host. Those
services will be as requested by Fine Host but shall not be
greater in scope than those provided to Fine Host for more than
the past three fiscal years of Fine Host pursuant to the previous
arrangements between the parties.
2. As has been the case for more than the past three years,
Fine Host will continue to pay Interlaken the sum of $150,000
annually (payable in equal monthly installments of $12,500) in
consideration of Interlaken's commitment to render the
aforementioned services.
3. This Agreement shall continue until December 31, 1999.
4. This Agreement constitutes the entire understanding of the
parties hereto and supercedes and replaces all previous
agreements, arrangements or understandings relating to the subject
matter hereof, including the letter, dated March 25, 1996 from
Fine Host to Interlaken.
Very truly yours,
/S/ Xxxxx X. Xxxxxxx
Xxxxx X. Xxxxxxx
Executive Vice President
Accepted and Agreed
INTERLAKEN CAPITAL, INC.
