- 15 -
Effective August 1, 1996, Mr. Rahn, as Norcom's president,
and Mr. Espy, as Quest's Chief Operating Officer, executed a
second consulting agreement (the 1996 consulting agreement). In
the 1996 consulting agreement, Norcom stated that it desired
Quest to provide "management, banking, and marketing services in
connection with the operation of * * * [Norcom's] business, bank
relationship, vendor relationships and customer relationships".
The 1996 agreement provided that, for 5 years, Quest would
provide the following services to Norcom:
a) Reporting and Financial Planning Services -
Assistance and review of all reports required
pursuant to loan agreements and other financing
arrangements to which * * * [Norcom] is a party;
review, renegotiate and extend the lines of credit
made abailable [sic] by its lending institution;
review of financial statements, annual budgets,
projections, insurance reports, and other
financial reports necessary for the operation of *
* * [Norcom's] business.
b) Consulting Services - Consulting and advisory
services in regard to international marketing,
strategic planning, systems, technical operations
and such other matters as * * * [Norcom] deems
reasonably necessary for the conduct of its
business.
c) Equipment - Assistance in determining lease
versus buy decisions on new equipment; negotiate
bank financing on new equipment purchases and
provide overall consultation as to the
cost/benefit relationship of acquiring said
equipment.
Page: Previous 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 NextLast modified: May 25, 2011