Exhibit 10.i
AGREEMENT
This Agreement, between Pak Mail Centers of America, Inc. (PMCA) and ReSource,
Inc. (ReSource), is entered in into this 17th day of May 2001.
Whereas, PMCA and ReSource desire to enter into a relationship wherein ReSource
licenses its software to PMCA and its franchisees, and
Whereas, PMCA and ReSource desire to explore and find technology solutions for
the packing/shipping industry, by combining their proprietary software code and
expertise to create desired solutions and jointly market the resulting products,
Now, therefore, PMCA and ReSource agree to the following terms:
1. ReSource will immediately take over providing software and hardware to
all new stores and all transfers. Pricing, package configurations and
terms will be negotiated and agreed upon by the parties hereto.
2. All current Pak Mail Franchisees, effective June 1, 2001, will be
entitled to move onto ReSource's Pak Mail Version of Partner Windows
software for XXXXXX charged to the individual storeowner.
3. ReSource will provide software training to operation staff, designated
by PMCA.
4. After training, PMCA staff and representative will provide training
required to individual franchisees.
5. Franchisees will be provided with Conversion Documentation and
demonstrations disks, software, manuals and training disks.
6. Pak Mail will provide ReSource templates for pricing, inventory, sales
categories, etc. To be programmed into master Pak Mail software to
facilitate pre setup of software prior to shipment to franchisees.
7. Subsequent to required hardware setup specs having been accomplished,
and training by PMCA staff, ReSource will take over all support for
software.
8. ReSource will support all hardware sold by ReSource according to their
terms of sale.
In consideration of the above, PMCA and ReSource agree to the following:
>> PMCA and ReSource will share equally in reduction of fixed expenses
resulting in the elimination of the IT department at PMCA, for a
period of one year. It has been agreed that the amount of saving is
XXXXXXX annually. Beginning July 1, 2001, and continuing for 12
months, PMCA will pay to ReSource one-twelfth of one-half of
XXXXXXXXXXX per month.
>> PMCA will xxxx franchisees third and fourth quarter (2001) maintenance
fees on July 1 and October 1. Rates are XXXX single and XXXX multi
machine (annualized). Said fees will be due and payable to ReSource
thirty days after billing.
>> Effective January 1, 2002, billing and collection of maintenance fees
will be the responsibility of ReSource.
Upon completion of conversion, ReSource and PMCA will evaluate which sections,
modules, concepts, etc. of PSS V.2, owned by PMCA, that PMCA would like to move
into future store operating system with ReSource's Partner system as the
foundation. Once identified, prioritized and agreed upon, these items will be
put into a development schedule.
All code turned over to ReSource by PMCA as of this date remains owned by PMCA.
All code currently owned by ReSource remains owned my ReSource. Once projects
have been identified, if code from PSS is used, then PMCA has the right to
require that this module or feature be exclusively for Pak Mail stores; or PMCA
has the right to receive a mutually agreed upon royalty payment from ReSource
for each copy of software sold that contains said module or feature.
As the product develops, opportunities to joint market the combined product to
other companies may be pursued. If ReSource does all marketing involved, net
revenue realized would be split based on the percentage of the final product
that is that of each partner. If PMCA does marketing, the net revenue split
would be the same plus a mutually agreed upon amount to PMCA for marketing. Any
outright sale of the joint product must be on terms acceptable to both PMCA and
ReSource.
Pak Mail Centers of America, Inc. ReSource Software, Inc.
By: By:
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P. Xxxx Xxxxx Xxxx Xxxxxxxxx
Executive Vice President President
