1
EXHIBIT 10
[MINDSPRING LOGO]
0000 Xxxx Xxxxxxxxx Xxxxxx
Xxxxx 000
Xxxxxxx, XX 00000
phone 000-000-0000
fax 000-000-0000
MindSpring and Monorail
Reseller Agreement
1. MindSpring will pay Monorail $660,000 the composition of which is
$60,000 for expenses incurred by Monorail to include MindSpring
software on the machine, and $600,000 prepay for 12,500 subscribers
paid in advance 7 days after closing of secondary offer. Actual
payment to Monorail is $40 per subscriber for all Monorail signups
who retain service for 60 days. The $40 price is good through May
31, 1997. On January 6, 1997, this balance will be reviewed and
trued up per actual signups.
2. Monorail to announce MindSpring upon the announcement of the
Monorail company.
3. Monorail to provide build plan and launch locations to MindSpring
no later than November 1, 1996.
4. If Monorail offers a featured provider to a multiple provider
environment, MindSpring has the right of first refusal for such
preferred provider through May 30, 1997.
5. If additional providers are included by Monorail before the first
12,500 subscribers are attained by MindSpring, Monorail will
repay MindSpring any remaining balance with 7 days notice at
MindSpring's written request through May 31, 1997. In the event of
12,500 subscribers not being reached by May 31, 1997, Monorail will
repay to MindSpring any balance remaining on the $600,000 by July
30, 1997.
/s/ XXXXXXX X. XXXXXXX /s/ XXXX XXXXXXX
-------------------------- ------------------
Xxxxxxx X. XxXxxxx Xxxx Xxxxxxx
President and COO Co-Founder
MindSpring Enterprises, Inc. Monorail
