DYNAMIC I-T, INC. TEL: 000-000-0000
FAX: 000-000-0000
0000 XXXXXXXX XXXXXX
XXXXX XXXXXX, XX 00000
April 11, 2000
Xx. Xxxx Xxxxxxx Xxxxxx
0000 Xxxxxx Xxxxxx
Xxxxxxx Xxxxx, XX 00000
Dear Xx. Xxxxxx:
This letter, when signed by you, shall constitute a valid and binding agreement
pursuant to which you shall render services as a Producer and consultant to the
distance learning division of Dynamic I-.T, Inc. (the "Company").
The services to be rendered by you hereunder shall be as an employee of
a work made for hire and shall commence on or about April 1, 2000 and
shall consist of.
1. Consultation with management at locations designated by the Company.
In this regard we agree that if you are required to travel to locations
more than fifty miles from the city in which you maintain your
principal residence.
2. In consultation with others, from time to time, designated by the
company, the development and production of seminars intended to be
delivered to subscribers via the World Wide Web as well as by other
technologies which may be appropriate to the particular materials.
3. As full consideration for the services to be rendered to us
hereunder we agree to pay to you the sum of
a) $7,500 for your services in connection with the company's first
seminar. We hereby confirm that you are "pay or play" in
connection with the first seminar.
b) Your fee in connection with subsequent seminars shall be:
(i) $3,500 with respect to each seminar which incorporates the
material previously developed by you but upon which you do not
render more than incidental services; and,
(ii) $10,000 with respect to each seminar in connection with
which you render Producers services.
4. As additional consideration for your services in connection with the
first seminar we agree to convey to you options on 10,000 shares, at
$0.50 per share, in Dynamic I-T.
This letter setting forth all of the terms and conditions of our
understanding shall become a valid and binding agreement, enforceable
under the laws of the State of Colorado, when signed by you in the
space provided below.
Sincerely yours,
Dynamic I-T, Inc.
BY:
------------------------------------------
Xxxxxxx Xxxxx, Vice President
------------------------------------------
Xxxx Xxxxxxx Xxxxxx
