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EXHIBIT 10.26
[eVENTURES GROUP, INC. LETTERHEAD]
April 3, 2000
Jeffrey A. Marcus
Thomas P. McMillin
Daniel J. Wilson
Chad E. Coben
c/o Marcus & Partners
300 Crescent Court
Suite 800
Dallas, Texas 75201
Gentlemen:
The purpose of this letter is to clarify certain policies of eVentures
Group, Inc. (the "Company," we or us).
We agree to pay or reimburse you for (a) reasonable costs and expenses
(including reasonable attorneys' fees) that are incurred by you to perform a
due diligence investigation of the Company, provided, however, that our
aggregate liability for such costs and expenses shall not exceed Eighty
Thousand Five Hundred Dollars ($80,500), and (b) reasonable attorneys' fees
incurred by you in connection with the negotiation and execution of your
employment agreements with us, in either such case, subject to our receipt of
reasonably acceptable documentation of such expenses.
In connection with relocation of our executive offices to those of Marcus
& Partners, we will, beginning with the date on which your employment with us
commences, assume those overhead costs of Marcus & Partners set forth in the
budget attached hereto as Exhibit A (the "Overhead Expenses").
In addition, we agree to purchase the equipment, furniture and fixtures,
and will reimburse Marcus & Partners for the leasehold improvements, at the
offices of Marcus & Partners, set forth in the schedule attached hereto as
Exhibit B (collectively, the "Leasehold Improvements"), payable no later than
April 18, 2000.
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Please indicate your acknowledgment of, and agreement with, the matters
set forth herein by signing this letter agreement, and the enclosed copy, below
where indicated and returning one executed copy of this letter agreement to me.
Yours truly,
/s/ CLARK K. HUNT
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Clark K. Hunt
Director
Chairman, Compensation Committee
Accepted and agreed to:
/s/ JEFFREY A. MARCUS Date: 4/4/00
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Jeffrey A. Marcus
/s/ THOMAS P. MCMILLIN Date: 4/4/00
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Thomas P. McMillin
/s/ DANIEL J. WILSON Date: 4/4/00
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Daniel J. Wilson
/s/ CHAD E. COBEN Date: 4/4/00
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Chad E. Coben
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