Management Services Agreement between Western Multiplex Corporation and Ripplewood Holdings, L.L.C.
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Summary
Western Multiplex Corporation has engaged Ripplewood Holdings, L.L.C. to provide consulting and management advisory services, including financial and strategic planning, as mutually agreed. Ripplewood will receive an annual fee equal to 1% of WMC's net revenue, paid quarterly. The agreement is effective as of November 1, 1999, and will terminate on June 30, 2000.
EX-10.35 7 0007.txt MANAGEMENT SERVICES AGMT/RIDGEWOOD HOLDINGS EXHIBIT 10.35 WESTERN MULTIPLEX CORPORATION Dated as of November 1, 1999 Ripplewood Holdings, L.L.C. One Rockefeller Plaza New York, NY 10020 Attention: Robert S. Lynch Dear Mr. Lynch: Western Multiplex Corporation ("WMC") hereby engages Ripplewood Holdings, L.L.C. ("Ripplewood") to provide consulting and management advisory services to WMC, as requested by WMC. These services will be in connection with financial and strategic corporate planning and other management services as WMC and Ripplewood shall mutually agree. In consideration of the consulting and management advisory services described herein WMC agrees to pay Ripplewood an annual fee (the "Management Fee") equal to 1% of net revenue, as calculated in accordance with generally accepted accounting principles. The Management Fee will be paid quarterly in arrears. This agreement will terminate on June 30, 2000. WESTERN MULTIPLEX CORPORATION By: /S/ Nancy Huber ------------------------ Name: Nancy Huber Title: CFO Agreed and accepted by: RIPPLEWOOD HOLDINGS, L.L.C. By: /S/ Jeffrey M. Hendren ------------------------- Name: Jeffrey M. Hendren Title: Managing Director
