John F. Huguet
Chief Executive Officer
e-Financialdepot.com
Century City, CA
October 17, 2000
Dear John,
From our numerous discussions and a previously drafted term sheet the Company,
e-Financialdepot.com (FDPO), desires to retain on a consulting basis the
undersigned management consultant. The terms are as follows:
Position: Management consultant
Term: Two years
Salary: $240,000 per year, - Retro commencing this date - accrued until
financing in place.
Bonus: Incentive bonuses to be included in contract as agreed upon
Signing Bonus: 175,000 shares of S-8 stock, to be issued immediately upon
signing this term sheet.
Options: 2 million shares vested quarterly, pro-rata.
Expenses: To be paid by the Company including contract expenses for this
consulting agreement and car allowance.
The parties below indicate their agreement to this letter by signing below.
/s/ Jon Marple /s/ John Huguet
Jon H. Marple Date Oct 17, 2000 John F. Huguet Date Oct 17, 2000
Individually Chief Executive Officer
e-Financialdepot.com
