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Document Preview Business Advisory & Financial Consulting Services Agreement |
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Title: |
Business Advisory & Financial Consulting Services Agreement |
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Entities: |
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Date: |
2002 |
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Preview shows 6KB of 28KB total |
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Price: |
$43 |
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ID: |
#847218 |
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BUSINESS ADVISORY & FINANCIAL CONSULTING SERVICES AGREEMENT
This Business Advisory and Financial Consulting Services Agreement (the
"Agreement"), is entered into and effective as of the 30th day of July, 2002 by
and between Ascendiant Capital Group, LLC, a Nevada limited liability company
(hereinafter referred to as, "Consultant"), and Rushmore Financial Group,
Incorporated (RFGI) (hereinafter referred to as, "Client"), a Texas corporation
(collectively referred to herein as the "Parties").
Preliminary Statement: The Client desires to be assured of the association and
services of the Consultant in order to avail itself of the Consultant's
experience, skills, abilities, knowledge, and background to facilitate long
range strategic planning, and to advise the Client in business and/or financial
and merger/acquisition matters and is therefore willing to engage Consultant
upon the terms and conditions set forth herein. Consultant desires to be
assured, and Client desires to assure Consultant, that, if Consultant associate
with Client and allocates its resources necessary to provide Client with its
business advisory and consulting services, Consultant will be paid the
consideration described herein and said consideration will be nonrefundable,
regardless of the circumstances.
Consultant agrees to be engaged and retained by Client upon the terms and
conditions set forth herein.
NOW, THEREFORE, in consideration of the foregoing, of the mutual promises
hereinafter set forth and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Parties hereto agree as
follows:
1. Engagement. Client hereby engages Consultant on a non-exclusive basis,
and Consultant hereby accepts the engagement to become a business and
financial Consultant to Client and to render such advice, consultation,
information, and services to the Directors and/or Officers of Client
regarding general financial and business matters including, but not
limited to the following:
1.1 Advice and Counsel. Consultant will provide advice and counsel
regarding Client's strategic business plans, strategy and negotiations
with potential business strategic partnering, corporate planning and or
other general business consulting needs as expressed by Client.
Consultant will review and assess various financing strategies
and solutions with Client. Consultant will help Client
determine desirable financing amounts, terms, and structure.
Consultant will assist Client in determining Client's proper
capital structure. The services which are contemplated under
this Agreement shall not relate in any way to the offer or
sale of securities in any capital-raising transaction and
shall not directly or indirectly promote or maintain a market
for the Client's securities. None of the services contemplated
under this Agreement shall relate in any way to the raising of
capital, promotion of the Client's securities or investor
relations.
Consultant will provide general advice and counsel to Client
regarding mergers and acquisitions. At Client's request,
Consultant is available to be materially involved in
negotiating acquisition terms and structure, and assisting
with due diligence and documentation (see Section 1.3 for
additional details and compensation structure).
Consultant will assist Client in the development and/or
refinement of the strategic growth plan for the next 12-24
months and related communications materials such as the
executive summary and one-page company "snapshot"
presentations.
Consultant will assist Client with corporate governance
structure involving Client's Board of Directors and
committees. Consultant will also assist with the development
and implementation of management and director compensation
programs.
Consultant will assist Client in determining the short-term
and long-term requirements for Client's financial reporting
function and Chief Financial Officer and, if requested, will
assist Client with identifying qualified candidates.
{PAGE}
1.2 Client and/or Client's Affiliate Transaction Due Diligence. Consultant
will participate and assist Client in the due diligence process, where
possible, on all proposed financial transactions affecting Client of
which Consultant is notified in writing in advance, including
conducting investigation of and providing advice on the financial,
valuation and stock price implications of the proposed transaction(s).
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