RE:RE:RE:RE:RE:NUTS
Grosso Group provides its member companies with administrative and management services. The member companies pay monthly fees to Grosso Group on a cost recovery basis. The fee is based upon a pro-rating of Grosso Group’s costs including its staff and overhead costs among the member companies. The current monthly fee is $43,195 per month. This fee is reviewed and adjusted quarterly based on the level of services required. The agreement expires on December 31, 2020 and is automatically renewed for additional terms of two years unless otherwise terminated pursuant to the terms of the agreement.