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Exhibit: 10.6D
CORDEV CORPORATION [LOGO] Corporate Development
Suite 400, Stanford Financial Square
0000 Xx Xxxxxx Xxxx, Xxxx Xxxx, Xxxxxxxxxx
00000 - 650-493-9111
June 15, 1998
Xx. Xxxx Xxxxxx XxXxxx, X X 0
The DaMert Company
0000 Xxxxxx Xxxxxx
Xxxxxxxx, XX 00000
(mailed to Kentfield address)
Dear Gail:
This letter is an exclusive "Finder" agreement between CorDev Corporation
("CorDev"), and the DaMert Company ("Client"), under which CorDev will act as
Client's exclusive Project Manager for the disposition of all or a part of
Client's stock and/or assets (the "Sale").
If anyone other than CorDev should approach Client with the name of a potential
buyer "Prospect", Client will refer them to CorDev without in any way obligating
Client or CorDev to paying them a fee. If any potential Prospects have in the
past contacted Client or in the future should contact Client directly, they are
also included in this Agreement and shall be referred by Client to CorDev.
In the event of a Sale during the term of this Agreement, Client will pay CorDev
a "Success Fee" in cash at the time of the legal Closing of the Sale. The
Success Fee shall be: $200,000 plus 2% of the total Sale price paid. This
Success Fee is contingent upon the Closing of the Sale; if no sale is made, no
Success Fee is due. If any part of the Sale's consideration shall be contingent
upon future earnings or the determination of any other fact in the future, the
2% portion of CorDev's Success Fee payable on those amounts shall be paid at the
same time as such contingent payments are made to Client or its shareholders. In
all other cases, payment to CorDev shall be made at the Closing as provided
above.
For purposes of this Agreement, the words "merger", "consolidation", "sale", and
"acquisition of the seller" are synonymous.
In addition to said Success Fee and whether or not a sale is closed, Client
agrees to pay CorDev a retainer fee of $4,000 per month due in advance monthly
commencing July 1, 1998.
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Client also agrees to reimburse CorDev monthly for reasonable out-of-pocket
expenses incurred by CorDev in connection with the performance of this
Agreement. These expenses shall include travel, telephone, and similar
out-of-pocket disbursements, but shall exclude personnel time, indirect overhead
and similar costs related to the operation of CorDev's business. All large
expenses, e.g., travel, shall require preapproval by Client before being
incurred. Reimbursement invoices shall be accompanied by such accounting and
substantiation as Client shall reasonably request.
CorDev agrees that it will not disclose any information regarding Client which
Client directs it not to disclose. Except as contemplated by this Agreement or
necessary to carry out the transactions herein contemplated, all information or
documents furnished by Client to CorDev shall be kept confidential and in the
event that no Sale is consummated, shall be returned to Client by CorDev.
After November 30, 1998, this Agreement may be terminated by either Client or
CorDev at any time for any reason by giving written notice to the other party at
least 30 days prior to termination date. If this Agreement is terminated, and
within 18 months after the date of said termination a closing of Sale as
hereinabove described occurs between Client and one or more of those Prospects
that have been identified to Client by CorDev or with whom CorDev has been in
contact on behalf of Client, then Client shall pay CorDev the full Success Fee
due it as if this Agreement had not been terminated.
This Agreement shall become effective July 1, 1998, and shall not be amended
except by written agreement signed and accepted by both Client and CorDev.
ACCEPTED AND AGREED: ACCEPTED AND AGREED:
DaMert Company CorDev Corporation
/s/ X. X. Xxxxxx
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BY: Xxxx X. XxXxxx, CEO BY: X. X. Xxxxxx, President
6-15-98
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(date) (date)
