EXHIBIT 10.6 - CONSULTING AGREEMENT - NACHUM STEINConsulting Services Agreement |
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Coleman Cable, Inc | Friedman, Billings, Ramsey & Co, Inc. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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EXHIBIT 10.6
AMENDMENT TO
CONSULTING AGREEMENT
AMENDMENT (this "Amendment"), by and between Coleman Cable, Inc., a Delaware corporation ("Coleman") and Nachum Stein, an individual (the "Consultant"), will become effective upon consummation of the offering of Colemans common stock under Rule 144A of the Securities Act of 1933, with Friedman, Billings, Ramsey & Co., Inc. acting as initial purchaser and placement agent, provided that such offering is consummated before October 31, 2006.
WHEREAS, Coleman and the Consultant have previously entered into a Consulting Agreement, dated as of October 1, 2004 (the "Agreement"); and
WHEREAS, pursuant to Section 6.6 of the Agreement, Coleman and the Consultant desire to amend the Agreement as hereinafter set forth.
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree to amend the Agreement as follows:
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The recital in Section 2 of the Agreement is hereby deleted in its entirety and replaced with the following: |
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Duties and Obligations of Consultant . Consultant shall (i) provide advice and counsel on business planning and strategy, including, among other things, (a) monitoring merger and acquisition activity, (b) identifying potential acquisition targets, (c) advising on the structure of potential transactions, and (d) providing negotiating assistance; and (ii) provide reports to Colemans Board of Directors regarding these activities. |
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The recital in Section 3 of the Agreement is hereby deleted in its entirety and replaced with the following: |
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Consulting Fees . In consideration of the Consultant providing the designated services for Coleman as set forth herein, Coleman agrees to pay the Consultant an annual fee in the amount of $175,000, payable quarterly, beginning July 1, 2006. |
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