August 20, 1996 Acrodyne Communications, Inc. 516 Township Line Road Blue Bell, Pa. 19422 This letter supersedes our letter agreement of January 1996. Gentlemen: You have agreed that Colin Winthrop & Co., Inc. ("Colin Winthrop") may act as financial...Financial Consulting Agreement • November 14th, 1996 • Acrodyne Communications Inc • Radio & tv broadcasting & communications equipment
This agreement shall be effective on august 20, 1996 and shall expire on November 19, 1996, subject to renewal as set forth below. As full compensation for all services rendered to Acrodyne pursuant to this agreement during the period from August 20, 1996 until November 19, 1996, Acrodyne will issue to Colin Winthrop warrants to purchase up to one hundred forty thousand (140,000) shares of Acrodyne's common stock, par value $.01 per share, exercisable at $4.50 per share on substantially the terms set forth in the form of warrants previously given to us and Acrodyne will pay to Colin Winthrop the sum of $58,400.00 upon the execution of this agreement.
