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• G Y 1 <br /> PELSTRING CAPITAL CORPORATION <br /> 1200 Osborne Road*Fridley,MN 55432 <br /> AGREEMENT FOR PROFESSIONAL SERVICES <br /> between <br /> ELK RIVER EDA <br /> and <br /> PELSTRING CAPITAL CORPORATION <br /> This Agreement, made this th day of 1999, by and between Elk <br /> River EDA (hereinafter referred to as "member") and Pelstring Capital Corporation, a <br /> Minnesota Corporation, (hereinafter referred to as "PCC"), is an agreement for <br /> membership in the Community Venture Network (hereinafter referred to as "CVN"). <br /> SECTION I <br /> Professional Services <br /> . PCC shall provide the following services to the member: <br /> A) PCC shall professionally manage the CVN. <br /> 1) Provide support staff services and materials at regularly scheduled meetings <br /> of the CVN. <br /> 2) Notify members of dates of meetings, prepare agendas and necessary <br /> materials, and conduct all activities relative to the meetings and functions of <br /> the CVN. <br /> B) PCC shall conduct an active outreach program. <br /> 1) Emphasize the availability of member's economic development resources to <br /> the business community. <br /> 2) Maintain continuous contact with accountants, attorneys, venture capitalists, <br /> business brokers, and the private banking community to generate referrals. <br /> 3) Initiate and maintain a business prospecting program. <br /> 1111 C) PCC shall recruit prospects/presenters for CVN presentations. <br /> (612)792-4227 800-642-6258 Gito(612)792-4236 Fax ore pelstring@earthlink.net <br />