Consent to Assignment and Amendment of Services Agreement between Hewitt Associates LLC and FORE Holdings Liquidating Trust
Hewitt Associates LLC and FORE Holdings Liquidating Trust agree to the assignment of a prior Services Agreement from FORE Holdings LLC to the Trust. The agreement is amended so that there is no minimum annual fee or basic services requirement; instead, fees will be based on the actual time spent by Hewitt Associates' employees at standard billing rates. This amendment is effective as of September 29, 2005.
Exhibit 10.48
CONSENT TO ASSIGNMENT
and
AMENDMENT
WHEREAS, Hewitt Associates LLC (Associates) and FORE Holdings LLC (formerly known as Hewitt Holdings LLC) (FORE) entered into the attached Services Agreement effective as of June 1, 2002 (the Services Agreement); and
WHEREAS, FORE has assigned the Services Agreement to the FORE Holdings Liquidating Trust (the Trust) effective September 29, 2005; and
WHEREAS, Associates is willing to accept the assignment of the Services Agreement; and
WHEREAS, Associates and the Trust wish to amend the Services Agreement;
NOW THEREFORE,
1. | Associates hereby consents to the assignment of the Services Agreement to the Trust. |
2. | The Services Agreement is amended as follows. Since the extent of required services is not known, there shall be no minimum annual fee (Section 1.2) or Basic Services (Section 1.1). Rather, the fee for any services provided by Associates to the Trust shall be based on the actual time spent by Associates employees at their standard billing rates. |
Dated this 29th day of September, 2005.
Hewitt Associates LLC | FORE Holdings Liquidating Trust | |||||
By: | /s/: C. Lawrence Connolly, III | By: | /s/: Dave L. Hunt | |||
C. Lawrence Connolly, III | David L. Hunt | |||||
Secretary | Trustee |