EXHIBIT 10.17
EQUITY GROUP INVESTMENTS, L.L.C.
TWO ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ 312.466.4094 [LOGO]
▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ FAX ▇▇▇.▇▇▇.▇▇▇▇
TO: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ cc: ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇
File
FROM: ▇▇▇▇ ▇▇▇▇▇▇▇
DATE: March 31, 2003
SUBJECT: iDine Letter of Agreement
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EGI ADMINISTRATIVE SERVICES
2003 LETTER OF AGREEMENT
This Letter of Agreement between iDine Rewards Network, Inc. ("iDine") and
Equity Group Investments, L.L.C. ("EGI") dated March 31, 2003 is for the
Administrative Services identified below for the time period from April 1, 2003
through December 31, 2003 (or such earlier date as the space on the 6th floor is
vacated by iDine).
The maximum annual cost for the Administrative Services is $138,072.00, as
detailed on the attached spreadsheet. The monthly cost will be pro rated based
on percentage of actual occupancy.
The Administrative Services are as follows:
. Rent for the offices located on the north end of the 6th floor
and one office on the south end of the 6th floor (see attached
highlighted floor plan).
. Utilities for the above-referenced offices (water, sewer and
electric).
. Building services for the above-referenced offices covers all
maintenance and housekeeping functions performed by the Office
of the Building staff.
. Mailroom services, basic office supplies, copier usage, kitchen
usage and supplies, reception services for phone and visitors,
office services, security services and basic IT support.
. Phone services are billed under a separate agreement.
Your signature on this Letter of Agreement will acknowledge that you have agreed
to the outlined monthly charges set forth above. Any charges incurred by iDine
which are above and beyond those outlined in this agreement will be your
responsibility.
Any questions regarding this agreement should be directed to ▇▇▇▇ ▇▇▇▇▇▇▇ at
(▇▇▇) ▇▇▇-▇▇▇▇.
iDine agrees to pay EGI the agreed upon monthly fees for Administrative Services
within 10 days of receipt of invoice.
SIGNATURE
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PRINTED NAME:
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TITLE:
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DATE:
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iDine Square Footage Allocation
EMPLOYEE OFFICE/CUBICLE SQUARE FOOTAGE
▇▇▇▇▇▇ ▇-▇▇▇ ▇▇▇
▇▇▇▇▇▇ ▇-▇▇▇ ▇▇▇
▇▇▇▇▇▇ ▇-▇▇▇ ▇▇▇
Office ▇-▇▇▇ ▇▇▇
Office ▇-▇▇▇ ▇▇▇
Office ▇-▇▇▇ ▇▇▇
Office ▇-▇▇▇ ▇▇▇
Office ▇-▇▇▇ ▇▇▇
Office ▇-▇▇▇ ▇▇▇
Office ▇-▇▇▇ ▇▇▇
Office ▇-▇▇▇ ▇▇▇
Office ▇-▇▇▇ ▇▇▇
Workstation 6-049 72
Workstation 6-057 85
Workstation 6-060 85
Total 2505
Total Square Footage on 6 and 7 58,577
Total Office/Cubicle Square Footage 29,223
Common Area 29,354
iDine Square Footage 2,505
iDine Common Area Square Footage 2,516
iDine Percentage 9%
Total iDine Square Footage 5,021
iDINE ADMINISTRATIVE COSTS
monthly allocation
ANNUAL MONTHLY
EXPENSE EXPENSE EXPENSE
------- --------- ---------
Rent $ 5,399 $ 7,950
Utilities $ 5,021. $ 418
Building Services $ 2,511 $ 209
Administrative Services $35,136 $ 2,928
Monthly Maximum $11,506
Rent Cost is $19.00 per square foot based on 5,021 sf.
Utility Cost is $1.00 per square foot based on 5,021 sf.
Building Services is based on $.50 per square foot based on 5,021 sf.
Administrative Services is based on 9% of total cost ($32,533.00 per month)