EXHIBIT 3.85
[LOGO OF XXXXXXXXX.XXX]
web site development
xxx.xxxxxxxxx.xxx
Letter of Agreement
================================================================================
May 11, 2001
To: Xxxxx X Xxxxxxx/Xxxxxxxxxxxxx.xxx Inc.
From: Xxxxxxxxx X. Xxxxxxxx/Xxxxxxxxx.xxx
Subject: Letter of Agreement for web site services
This letter outlines our agreement to undertake the deconstruction and
maintenance of xxx.xxxxxxxxxxxxx.xxx.
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1. Services
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Carry out an overhaul of the site by eliminating the following sections: Tools,
Register with InvestorLinks, Commentaries, Free Newsletters, Top Site Winners
and Traders Bookstore.
Approach Stockhouse Media regarding continuing the private label Bullboards and
Portfolio Tracker, as well as the stock Quotes.
Negotiate the termination of the services agreement between Stockhouse Media and
Xxxxxxxxxxxxx.xxx with the objective of maintaining the current service at no
cost to Investorlinks.
Communicate with current advertisers with a view to maintain a relationship
during overhaul of site.
2. Fees
----
Investorlinks agrees to pay Crossbeam as follows:
Website Deconstruction: $4,000.00
Maintenance: $2,000.00 per month
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3. Terms of Payment
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An initial payment of $5,134 is due upon the signing of this contract. This
represents the deconstruction fee and a pro rated (20/31sts) of the first
months maintenance fee.
Monthly invoices will be rendered at the first of each month during the
contract.
4. Approval
--------
Any additional elements and fees not outlined in this contract will be
submitted to Xxxxxxxxxxxxx.xxx Inc. for approval in writing before work is
undertaken.
5. Duration of Agreement
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Projects covered under this agreement will be undertaken over a six month
period commencing May 11, 2001 and terminating November 30, 2001. Subject to
paragraph 6, the Agreement shall automatically be renewed for additional six
month terms.
6. Cancellation
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Both Xxxxxxxxxxxxx.xxx. and Xxxxxxxxx.xxx have the right to cancel this
agreement upon thirty days notice.
7. Server Access and Co-operation
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Xxxxxxxxxxxxx.xxx will provide Crossbeam all of the information access
required for it to access the servers located in Charlottesville, Virginia.
Xxxxxxxxxxxxx.xxx will also request the co-operation of the personnel in
Charlottesville in the turnover of the site and the relocation of any
computers, or otherwise from the corporate officers to the server location.
________________________ _________________________
Crossbeam Limited Xxxxxxxxxxxxx.xxx Inc.
Xxxxxxxxx X. Xxxxxxxx Xxxxx X. Xxxxxxx
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