British mountaineer Phil Crampton, owner of climbing company Altitude Junkies, told AFP that climbing company owners had met government officials in Kathmandu and "asked for immediate action."
Before Tuesday's call to abandon the season, the guides had issued a string of demands to the government, including higher compensation for the dead and injured, a rise in insurance payments and a welfare fund.
The government has offered to set up a relief fund for injured guides using up to five percent of fees paid by climbers, while increasing life insurance payments by 50 percent.
The sherpas want 30 percent of climbers' fees to be earmarked for the fund and life insurance payments, set at $10,000, to be doubled.
The government, expected to earn at least $3 million this year from Everest climbing fees alone, has issued permits to 734 people, including 400 guides, for 32 expeditions this season.
Calming tempers Hundreds of anxious climbers remain at base camp, uncertain whether to leave or stay following the sherpas' announcement, with tensions running high.