Advisory Fee Agreement between Collins Industries, Inc. and Steel Partners II, L.P. (October 31, 2006)

Summary

Collins Industries, Inc. agrees to pay Steel Partners II, L.P. a $1,000,000 advisory fee for services related to the acquisition of Collins Industries, Inc. by CS Acquisition Corp. through a merger. The services included providing a financing commitment, and assisting in arranging credit facilities and liens. The fee is to be paid by wire transfer on the date of the agreement.

EX-10.10 12 ex1010to8k06281_10312006.htm sec document

 Exhibit 10.10 Collins Industries, Inc. 15 Compound Drive Hutchinson, Kansas 67502 October 31, 2006 Steel Partners II, L.P. 590 Madison Avenue 32nd Floor New York, NY 10022 Re: ADVISORY FEE In connection with various services Steel Partners II, L.P. has provided relating to the acquisition of Collins Industries, Inc. by CS Acquisition Corp. through a merger (the "Merger"), pursuant to the Agreement and Plan of Merger dated as of September 26, 2006 by and among Collins Industries, Inc., CS Acquisition Corp. and Steel Partners II, L.P., including but not limited to indicating its willingness to provide a financing commitment to fully fund the acquisition, as well as assisting in arranging for a revolving line of credit and term loan and lien with GMAC Commercial Finance LLC and a second lien with Orix Finance Corp., the undersigned hereby agrees that it will pay you an advisory fee of $1,000,000 on the date hereof. Such fee will be paid via wire transfer of immediately available funds. Very truly yours, COLLINS INDUSTRIES, INC. By: /s/ John Becker ---------------------------------