Pre-Effective Amendment to Registration of Securities Issued in a Business-Combination Transaction — Form S-4
Filing Table of Contents
Document/Exhibit Description Pages Size
1: S-4/A Amendment No. 1 to Form S-4 141 745K
2: EX-3.1 Articles of Incorporation of the Company 10 36K
3: EX-3.2 By-Laws of the Company 9 42K
4: EX-3.3 Articles of Incorporation of Kilovac 75 142K
5: EX-3.4 By-Laws of Kilovac 20 76K
6: EX-3.5 Articles of Incorporation of Kilovac International 2 14K
7: EX-3.6 By-Laws of Kilovac International 19 76K
8: EX-4.1 Indenture, Dated September 18, 1997 147 467K
9: EX-4.2 Purchase Agreement, Dated September 12, 1997 40 132K
10: EX-4.3 Registration Rights Agreement 33 121K
11: EX-10.1 Ramzi A. Dabbagh Employment Agreement 8 34K
19: EX-10.10 Security Agreement, Dated September 18, 1997 53 154K
20: EX-10.11 Stock Subscription & Purchase Agreement 29 161K
21: EX-10.13 Environmental Remediation & Escrow Agreement 16 45K
22: EX-10.14 Lease Agreement, Dated July 2, 1996 31 116K
23: EX-10.15 2nd Amend. to Stock Subscription & Purchase Agrmt 8 36K
24: EX-10.17 Amend. to the Recapitalization Agreement 61 280K
25: EX-10.18 Indemnification & Escrow Agreement 12 57K
26: EX-10.19 Stockholders Agreement, Dated September 18, 1997 27 98K
12: EX-10.2 G. Daniel Taylor Employment Agreement 8 34K
27: EX-10.20 Registration Agreement, Dated September 18, 1997 27 98K
28: EX-10.21 Form of Junior Subordinated 10 47K
29: EX-10.22 Kilovac & Dan McAllister Employment Agreement 4 26K
30: EX-10.23 Kilovac & McPherson Employment Agreement 4 27K
31: EX-10.24 Kilovac & Rick Danchuk Employment Agreement 4 27K
32: EX-10.25 Kilovac & Robert A. Helman Employment Agreement 4 27K
13: EX-10.3 Michael A. Steinback Employment Agreement 4 25K
14: EX-10.4 David Henning Employment Agreement 3 21K
15: EX-10.5 Management Agreement, Dated September 18, 1997 5 25K
16: EX-10.6 Tax Sharing Agreement 4 21K
17: EX-10.8 Pledge Agreements, Dated September 18, 1997 17 62K
18: EX-10.9 Subsidiary Guarantee, Dated September 18, 1997 14 55K
33: EX-12.1 Statement of Computation of Ratios 1 15K
34: EX-21.1 Subsidiaries of the Company, Kilovac & Kilovac Int 1 12K
35: EX-23.1 Consent of Deloitte & Touche LLP 1 13K
36: EX-23.2 Consent of Deloitte & Touche 1 13K
37: EX-23.3 Consent of Deloitte & Touche LLP 1 13K
38: EX-99.1 Form of Letter of Transmittal 11 57K
39: EX-99.2 Form of Notice of Guaranteed Delivery 4 24K
40: EX-99.3 Form of Tender Instructions 2± 16K
EX-10.5 — Management Agreement, Dated September 18, 1997
| EX-10.5 | 1st Page of 5 | TOC | ↑Top | Previous | Next | ↓Bottom | Just 1st |
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MANAGEMENT AGREEMENT
THIS MANAGEMENT AGREEMENT (this "Agreement"), dated as of September
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18, 1997 is made by and between CHS Management III, L.P., a Delaware limited
partnership ("CHS"), and Communications Instruments, Inc., a North Carolina
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corporation (the "Company").
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BACKGROUND
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The Company desires to receive financial and management consulting
services from CHS, and thereby obtain the benefit of the experience of CHS in
business and financial management generally and its knowledge of the Company and
the Company's financial affairs in particular. CHS is willing to provide
financial and management consulting services to the Company. Accordingly, the
compensation arrangements set forth in this Agreement are designed to compensate
CHS for such services.
NOW, THEREFORE, in consideration of the foregoing premises and the
respective agreements hereinafter set forth and the mutual benefits to be
derived herefrom, CHS and the Company hereby agree as follows:
TERMS
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1. Engagement. The Company hereby engages CHS as a financial and
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management consultant, and CHS hereby agrees to provide financial and management
consulting services to the Company, all on the terms and subject to the
conditions set forth below.
2. Services of CHS. CHS hereby agrees during the term of this
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engagement to consult with the board of directors (the "Board") and the
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management of the Company in such manner and on such business and financial
matters as may be reasonably requested from time to time by the Board, including
but not limited to: (a) corporate strategy; (b) budgeting of future corporate
investments; (c) acquisition and divestiture strategies; and (d) debt and equity
financings.
3. Compensation.
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(a) Monthly Fee. The Company agrees to pay to CHS as compensation for
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services to be rendered by CHS hereunder, a monthly fee equal to $41,667,
payable monthly in arrears on the last day of each month, commencing on
September 30, 1997 (with the monthly payment for the month ended September 30,
1997 being pro rated for the number of days between the date hereof and
September 30, 1997).
(b) Recapitalization. The Company agrees to pay $500,000 to CHS on
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the date hereof as compensation for services rendered by CHS to the Company in
connection with the transactions contemplated by the Recapitalization Agreement,
dated as of August 6, 1997, by and among CII Technologies, Inc., a Delaware
corporation and parent of the Company ("CII"), CII's stockholders, Code,
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Hennessy & Simmons III, L.P. and others, and in connection with the financing of
such transactions (the "Recapitalization").
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(c) Future Acquisitions. When and as the Company consummates the
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acquisition of any other business, company, product line or enterprise (each, an
"Acquisition"), the Company will pay to CHS a fee equal to one percent (1%) of
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the Acquisition Price (as defined below) of such Acquisition as compensation for
services to be rendered by CHS to the Company in connection with the
consummation of such Acquisition. "Acquisition Price" means, with respect to a
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given Acquisition, the fair value of the total sale proceeds and other
consideration received by the target company and its stockholders upon
consummation of such Acquisition, including cash, securities, notes, consulting
agreements, noncompete agreements, contingent payments, plus the fair value of
all liabilities assumed.
4. Expense Reimbursement. The Company shall promptly reimburse CHS
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for such reasonable travel expenses and other out-of-pocket fees and expenses as
may be incurred by CHS, its partners and employees in connection with the
Recapitalization and future Acquisitions, and in connection with the rendering
of services hereunder.
5. Term. This Agreement shall be in effect for an initial term of
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five years commencing on the date hereof, and shall be automatically renewed
thereafter on a year to year basis unless one party gives 30 days' prior written
notice of its desire to terminate this Agreement; provided, however, that this
Agreement shall terminate on the first to occur of (a) the date of the sale of
all or substantially all of the Company's or (so long as CII ownes a majority of
the capital stock of the Company having the voting power (under ordinary
circumstances) to elect a majority of the board of directors of the Company)
CII's assets or (b) the date of the sale of capital stock of the Company or (so
long as CII ownes a majority of the capital stock of the Company having the
voting power (under ordinary circumstances) to elect a majority of the board of
directors of the Company) CII having the voting power (under ordinary
circumstances) to elect a majority of the board of directors of the Company or
CII to any party or parties other than a Permitted Person. No termination of
this Agreement, whether pursuant to this paragraph or otherwise, shall affect
the Company's obligations with respect to the fees, costs and expenses incurred
by CHS in rendering services hereunder and not reimbursed by the Company as of
the effective date of such termination.
6. Indemnification. The Company agrees to indemnify and hold
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harmless CHS, its officers and employees against and from any and all loss,
liability, suits, claims, costs, damages and expenses (including attorneys'
fees) arising from their performance hereunder, except as a result of their
gross negligence or intentional wrongdoing.
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7. CHS an Independent Contractor. CHS and the Company agree that CHS
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shall perform services hereunder as an independent contractor, retaining control
over and responsibility for its own operations and personnel. Neither CHS nor
its partners or employees shall be considered employees or agents of the Company
as a result of this Agreement nor shall any of them have authority to contract
in the name of or bind the Company, except as expressly agreed to in writing by
the Company.
8. Notices. Any notice, report or payment required or permitted to
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be given or made under this Agreement by one party to the other shall be deemed
to have been duly given or made if personally delivered or, if mailed, when
mailed by registered or certified mail, postage prepaid, to the other party at
the following addresses (or at such other address as shall be given in writing
by one party to the other):
If to CHS:
CHS Management III, L.P.
10 South Wacker Drive
Suite 3175
Chicago, IL 60606
Attn: Brian P. Simmons
with a copy to:
Kirkland & Ellis
200 East Randolph Drive
Chicago, IL 60601
Attn: Sanford E. Perl
If to the Company:
Communications Instruments, Inc.
1396 Charlotte Highway
Fairview, NC 28730
Attn: Chief Executive Officer
9. Entire Agreement; Modification. This Agreement (a) contains the
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complete and entire understanding and agreement of CHS and the Company with
respect to the subject matter hereof; (b) supersedes all prior and
contemporaneous understandings, conditions and agreements, oral or written,
express or implied, respecting the engagement of CHS in connection with the
subject matter hereof; and (c) may not be modified except by an instrument in
writing executed by CHS and the Company.
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10. Waiver of Breach. The waiver by either party of a breach of any
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provision of this Agreement by the other party shall not operate or be construed
as a waiver of any subsequent breach of that provision or any other provision
hereof.
11. Assignment. Neither CHS nor the Company may assign its rights or
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obligations under this Agreement without the express written consent of the
other.
12. Choice of Law. This Agreement shall be governed by and construed
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in accordance with the domestic laws of the State of Illinois, without giving
effect to any choice of law or conflict of law provision or rule (whether of the
State of Illinois or any other jurisdiction) that would cause the application of
the laws of any jurisdiction other than the State of Illinois.
* * * * *
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IN WITNESS WHEREOF, CHS and the Company have caused this Management
Agreement to be duly executed and delivered on the date and year first above
written.
CHS MANAGEMENT III, L.P.
By: Code, Hennessy & Simmons, Inc.
Its: General Partner
By: ___________________________
Its: ___________________________
COMMUNICATIONS INSTRUMENTS, INC.
By: ___________________________
Its: ___________________________
Dates Referenced Herein and Documents Incorporated by Reference
| Referenced-On Page |
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| This ‘S-4/A’ Filing | | Date | | First | | Last | | | Other Filings |
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| |  |
| Changed as of / Corrected on: | | 3/2/98 |
| Filed on: | | 2/20/98 | | | | | | | S-4/A |
| Filed as of: | | 12/11/97 | | | | | | | S-4/A |
| | 9/30/97 | | 1 |
| | 8/6/97 | | 2 |
| List all Filings |
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