EXHIBIT 10.2.2
Digital Descriptor Systems, Inc.
and
Information Technology Solutions, Inc.
JOINT VENTURE AGREEMENT
September 16, 1996
This letter of intent outlines the terms and conditions for creating a strategic joint venture relationship between Digital Descriptor Systems, Inc. ("DDSI") and I/t(x) information technology solutions, Inc. ("I/t(x)").
1. Business Intent
The business intent is to combine the system integration expertise and product development efforts of I/t(x) with the marketing and sales strengths of DDSI to create and deliver new products and services on an exclusive basis for the public sector.
2. Commitments
a. I/t(x) will provide its I/t(x) products, both currently available
and as developed, from time to time.
b. I/t(x) will provide ongoing product development and systems
integration services.
c. I/t(x) will include all revenues generated via its relationship
with ET Software, Inc. into this joint venture.
d. Any additional sales and marketing support services over and
above that of the product manager's will be provided at I/t(x)'s normal
hourly rate (One Hundred Twenty Five Dollars ($125) per hour), upon prior
approval by DDSI.
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