CORNERSTONE BUSINESS DEVELOPMENT AGREEMENTCornerstone Business Development Agreement • January 15th, 2004 • Purchasesoft Inc • Services-prepackaged software
This LETTER AGREEMENT (the “Letter”) is entered into effective 11/20/2003 (the “Effective Date”) between PURCHASESOFT, INC., a Delaware corporation (“PurchaseSoft”), and CORNERSTONE COMMUNICATIONS L.L.C., a Delaware limited liability company (“CORNERSTONE”). In consideration of Cornerstone beginning the Business Development efforts contemplated hereby, the obligations in this letter, including without limitation the equity and revenue sharing compensation to Cornerstone, are intended to be binding. The parties intend to further specify these agreements in more detailed, written definitive agreements incorporating the terms and other provisions customary for transactions of this type to be entered into by the parties with respect to the subject matter of this Letter (the “Agreements”) within 30 days of the Effective Date, unless otherwise agreed upon in writing.
