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EXHIBIT 10.33 DIDAX/CRD Partnership Contract
BETWEEN
CORPORATE RESOURCE DEVELOPMENT AND DIDAX INC.
W. R. 'Max' Xxxxx, Jr., CEO Xxxxxx X. Xxxxxx, CEO
000 Xxxxxxxx Xxxxxxx, Xxxxx 000 0000 Xxxx Xxxxx, Xxxxx 000
Xxxxxxx, XX 00000 Xxxxxxxxx, XX 00000
(000) 000-0000 (000)000-0000
Date: February 17, 1998
Principal Contacts: Xxx Xxxxx and Xxxx Xxxxxx
CRD Consulting Team: TBA
BILLING ARRANGEMENTS
Initial Payment: Due Upon Contract Signing $ 25,000.00
Monthly Payment: $ 12,500.00, due not later than the 1st of each month,
beginning March 1, 1998 and the vesting of 5,715 five-year options to
purchase shares at $2.185. There will be 28,575 such options granted at
contract signing and they will vest at the beginning of each month
while this contract remains in force.
Cancellation Clause: DIDAX INC. has the option to terminate the agreement at
any time during the partnership, with a 30 day written notice,
beginning with the 1st day of the following month the notice is given.
At that point, future payments, less expenses already incurred, will be
rendered null and void.
Expense Payments: Travel, dining and lodging expenses to be paid by DIDAX INC.
as required. All expenses are billed at cost, and payable on receipt of
xxxx.
Checks are to be made payable to: CORPORATE RESOURCE DEVELOPMENT, INC.
/s/ W.R. 'Max' Xxxxx Xx. /s/ Xxxxxx X. Xxxxxx
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Corporate Resource Development, Inc. DIDAX Inc.
Vice Chairman CEO
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Title Title
2/17/98 2/17/98
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Date Date
CRD and DIDAX INC. reserve the right to make changes mutually agreed upon, to
the approach and subject content utilized in this engagement, based upon
knowledge and information gained during the engagement. PLEASE SIGN AND RETURN
ORIGINAL. RETAIN A COPY FOR YOUR RECORDS.
