CANEUM INC
EXHIBIT 10.24
<DOCUMENT>
<TYPE>EX-10.24
<SEQUENCE>3
<FILENAME>c72955exv10w24.htm
<DESCRIPTION>EXHIBIT 10.24
<TEXT>
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<TITLE>Filed by Bowne Pure Compliance</TITLE>
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<DIV align="right" style="font-size: 10pt; margin-top: 10pt"><b>Exhibit&nbsp;10.24</b>
</DIV>

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    <TD align="left" valign="bottom">November&nbsp;7, 2007
</TD>
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<TD align="right" valign="top"><IMG src="c72955c7295502.gif" alt="(EXECUSTAFF HR LOGO)"></TD>
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<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Dear Darrell,
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Caneum, Inc. (&#147;Caneum&#148;) in conjunction with Execustaff HR, Inc. (&#147;Execustaff&#148;) is pleased to
confirm the offer extended to join the company in the initial position of Vice President starting
November&nbsp;12, 2007, and continuing through January&nbsp;18, 2008. Your full time starting salary for
this initial position during this period will be $33,280 annually or $1,280 biweekly. In this
position, you will report to Gary Allhusen.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">This initial position will convert into that of Vice President, Accounts, on January&nbsp;21, 2008.
This is an exempt, full-time position for which your bi-weekly base salary will be $4,615, which is
equivalent to an annual base salary of $120,000. Upon conversion, you will also receive a stock
bonus of $36,677 on January&nbsp;21, 2008.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">You will be eligible to participate in any bonus plan(s) established by Caneum&#146;s Board of Directors
or compensation committee for employees of similar grade, position and title. In addition, you will
be eligible for our commission program as outlined under separate cover. A base option grant will
also be awarded as outlined under separate cover.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Through Execustaff, this position is eligible to participate in a comprehensive benefits program
which includes medical, vision and dental insurance, life and long term disability coverages, a
Section&nbsp;125 Flexible Spending Account, a 401(k) Plan, accrued PTO leave, and paid holidays
(provided that you meet the eligibility requirements of the plans and policies).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Execustaff acknowledges that any employee performing services for Caneum, Inc. is an employee of
Caneum, Inc. for purposes of determining whether such employee is qualified to receive incentive
stock options or any other stock based compensation pursuant to the code, applicable by law, and
election of accounting treatment for same. Any stock agreement issued to you by Caneum, Inc. will
be an agreement between you and Caneum, Inc. The agreement will be issued to you separately.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">You will be employed by Caneum through Execustaff, a Professional Employer Organization providing
human resources management. The first and last payment by the Company to you will be adjusted, if
necessary, to reflect a commencement or termination date other than the first or last working day
of a pay period.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">As a condition of employment, you will be expected to abide by company rules and regulations, and
you will be required to sign an Employee Confidentiality Agreement. You should also note that you
will be required to show proof of citizenship, permanent residency in the U.S., or authorization to
work in the U.S. when you begin work. Execustaff will require this documentation on your first day
at work and it must be provided no later than three (3)&nbsp;business days.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Notwithstanding anything herein to the contrary, please understand your employment is &#147;at will&#148;,
voluntarily entered into and is for no specific period. As a result, you are free to resign at any
time, for any reason or for no reason. Similarly, the Company is free to conclude its at-will
employment relationship with you at any time, with or without cause, and with or without notice.
This at-will relationship cannot be altered unless specifically set forth in writing and signed by
both you and the Executive Vice President of Caneum.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">In the event of any dispute or claim relating to or arising out of our employment relationship, you
and the Company agree that all such disputes, including but not limited to, claims of harassment,
discrimination and wrongful termination, shall be fully and finally resolved by neutral binding
arbitration under the rules of the Judicial Arbitration and Mediation Services/Endispute in San
Jose, California (hereafter &#147;JAMS&#148;). If the relationship between Execustaff and Caneum is
terminated for any reason, I agree that Caneum will become solely responsible as my employer for
all payroll, workers compensation and benefits, including severance and vacation pay, and I agree
to seek same only from Caneum.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Darrell, we hope you agree that you have a great contribution to Caneum, Inc., and that you will
find working here a rewarding experience. We look forward to a favorable reply and the opportunity
of working with you to create a more successful company. As discussed, this offer is effective
until the close of business on November&nbsp;9, 2007 and contingent upon closing the placement of one
consulting resource at an account(s) that you bring to Caneum.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Regards,
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Gary Allhusen, Executive Vice President<BR>
Caneum, Inc.

</DIV>
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<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
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<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><U><B>Please specify acceptance or rejection of this offer by returning this form with your
signature.</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><I>I agree to and accept the enclosed offer of employment with </I>Caneum, Inc., <I>through Execustaff
conditioned upon Caneum&#146;s application process and standard background check.</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><I>My start date will be </I><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><I>.</I>
</DIV>

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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
<I>Type Employee Name</I>
</DIV></TD>
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Date
</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Signature
</DIV></TD>
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    <TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px"><I>I am rejecting the enclosed offer of employment for the following reason(s):</I>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Name
</DIV></TD>
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Date
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Signature
</DIV></TD>
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<DIV align="left" style="font-size: 10pt; margin-top: 10pt">This employment relationship is a voluntary one and either you and/or Caneum, Inc. or Execustaff
can terminate this relationship at any time with or without reason.
</DIV>



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<P align="center" style="font-size: 10pt"><!-- Folio -->Page 2 of 4<!-- /Folio -->
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<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>LISTS OF ACCEPTABLE DOCUMENTS</B>
</DIV>

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    <TD width="2%">&nbsp;</TD>
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<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 0px solid #000000"><B>LIST A</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center"><B>Documents that Establish</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 0px solid #000000"><B>LIST B</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 0px solid #000000"><B>LIST C</B></TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center"><B>Both Identity and</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Documents that Establish</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Documents that Establish</B></TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Employment Eligibility</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>OR</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Identity</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>AND</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Employment Eligibility</B></TD>
</TR>

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    <TD>&nbsp;</TD>
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    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="margin-left:21px; text-indent:-19px"><B>1.</B>&nbsp;&nbsp; Passport (unexpired
or expired)</DIV><br>
<DIV style="margin-left:21px; text-indent:-19px"><B>2. </B>&nbsp;&nbsp;Certificate of U.S.
Citizenship <I>(INS Form
N-560 or N-561)</I> </DIV><br>
<DIV style="margin-left:21px; text-indent:-19px"><B>3.</B>&nbsp;&nbsp; Certificate of
Naturalization <I>(INS
Form&nbsp;N-550 or N-570)</I></DIV><br>
<DIV style="margin-left:21px; text-indent:-19px"><B>4.</B>&nbsp;&nbsp; Unexpired foreign
passport, with <I>I-551
stamp or </I>attached <I>INS
Form&nbsp;I-94 </I>indicating
unexpired employment
authorization </DIV> <br>
<DIV style="margin-left:21px; text-indent:-19px"><B>5.</B>&nbsp;&nbsp; Alien Registration
Receipt Card with
photograph<br> <I>(INS Form
I-151 or I-551) </I></DIV><br>
<DIV style="margin-left:21px; text-indent:-19px"><B>6.</B>&nbsp;&nbsp; Unexpired Temporary
Resident Card<br> <I>(INS Form I-688) </I></DIV> <br>
<DIV style="margin-left:21px; text-indent:-19px"><B>7. </B>&nbsp;&nbsp;Unexpired Employment
Authorization Card<br> <I>(INS
Form&nbsp;I-688A) </I></DIV><br>
<DIV style="margin-left:21px; text-indent:-19px"><B>8.</B>&nbsp;&nbsp; Unexpired Reentry
Permit<br> <I>(INS Form&nbsp;I-327)</I></DIV><br>
<DIV style="margin-left:21px; text-indent:-19px"><B>9.</B>&nbsp;&nbsp; Unexpired Refugee
Travel Document <I>(INS
Form&nbsp;I-571) </I></DIV> <br>
<DIV style="margin-left:21px; text-indent:-19px"><B>10.</B>&nbsp;Unexpired
Employment
Authorization Document
issued by the INS which
contains a photograph<br>
<I>(INS Form&nbsp;I-688B)</I></DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-19px"><B>1.</B>&nbsp;&nbsp; Driver&#146;s license or ID card
issued by a state or outlying
possession of the United
States provided it contains a
photograph or information such
as name date of birth, sex,
height, eye color, and address </DIV><br>
<DIV style="margin-left:21px; text-indent:-19px"><B>2.</B>&nbsp;&nbsp; ID card issued by federal,
state, or local government
agencies or entities provided
it contains a photograph or
information such as name, date
or birth, sex, height, eye
color, and address </DIV><br>
<DIV style="margin-left:21px; text-indent:-19px"><B>3.</B>&nbsp;&nbsp; School ID card with a
photograph </DIV><br>
<DIV style="margin-left:21px; text-indent:-19px"><B>4. </B>&nbsp;&nbsp;Voter&#146;s registration card </DIV><br>
<DIV style="margin-left:21px; text-indent:-19px"><B>5.</B>&nbsp;&nbsp; U.S. Military card or draft
record </DIV><br>
<DIV style="margin-left:21px; text-indent:-19px"><B>6.</B>&nbsp;&nbsp; Military dependent&#146;s ID card</DIV><br>
<DIV style="margin-left:21px; text-indent:-19px"><B>7.</B>&nbsp;&nbsp; U.S. Coast Guard Merchant
Mariner Card </DIV><br>
<DIV style="margin-left:21px; text-indent:-19px"> <B>8.</B>&nbsp;&nbsp; Native American tribal
document </DIV><br>
<DIV style="margin-left:21px; text-indent:-19px"><B>9.</B>&nbsp;&nbsp; Driver&#146;s license issued by
a Canadian government
authority </DIV><br>
<DIV style="margin-left:21px; text-indent:-19px"><B>For persons under age 18 who
are unable to present a
document listed above: </B></DIV><br>
<DIV style="margin-left:21px; text-indent:-19px"><B>10.</B>&nbsp;School record or report
card </DIV><br>
<DIV style="margin-left:21px; text-indent:-19px"><B>11.</B>&nbsp;Clinic, doctor, or
hospital record </DIV><br>
<DIV style="margin-left:21px; text-indent:-19px"><B>12.</B>&nbsp;Day-care or nursery school
record</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-19px"><B>1. </B>&nbsp;&nbsp;U.S. social security
card issued by the
Social Security
Administration <I>(other
than a card stating it
is not valid for
employment)</I></DIV><br>
<DIV style="margin-left:21px; text-indent:-19px"> <B>2. </B>&nbsp;&nbsp;Certification of
Birth Abroad issued by
the Department of State
<I>(Form&nbsp;FS-545 or Form
DS-1350)</I></DIV><br>
<DIV style="margin-left:21px; text-indent:-19px"> <B>3.</B>&nbsp;&nbsp; Original or
certified copy of a
birth certificate
issued by a state,
county, municipal
authority or outlying
possession of the
United States bearing
an official seal</DIV><br>
<DIV style="margin-left:21px; text-indent:-19px"> <B>4.</B>&nbsp;&nbsp; Native American
tribal document</DIV><br>
<DIV style="margin-left:21px; text-indent:-19px"> <B>5.</B>&nbsp;&nbsp; U.S. Citizen ID card<br>
<I>(INS Form&nbsp;I-197)</I></DIV><br>
<DIV style="margin-left:21px; text-indent:-19px"><B>6.</B>&nbsp;&nbsp; ID Card for use of
Resident Citizen in the
United States <I>(INS
Form&nbsp;I-179)</I></DIV><br>
<DIV style="margin-left:21px; text-indent:-19px"><B>7.</B>&nbsp;&nbsp;&nbsp;Unexpired employment
authorization document
issued by the INS
<I>(other than those
listed under List A)</I></DIV></TD>
</TR>
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</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>Illustrations of many of these documents appear In Part 8 of the Handbook for Employers (M-274)</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 10pt">Form&nbsp;I-9 (Rev. 11-21-91) N

</DIV>


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<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>Attachment A &#151; Stock Option and Performance Compensation Elements</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B><I>Stock Options associated with Employee&#146;s position as Director:</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Upon execution of this Agreement, Employee will be granted 100,000 ISO options as a base option
plan priced at 100% of the then fair market value of Caneum common stock, as determined by the
Compensation Committee at the first regular meeting of the Board of Directors after the Employee&#146;s
date of hire. Vesting for the 100,000 ISO base options will conform to the following schedule: (1)
Options will vest over a four year period with 12/48th vesting after the first year of employment
and 1/48th vesting per month over the subsequent three-year period. Additionally, Employee will be
granted 400,000 ISO options as an incentive plan priced at 100% of the then fair market value of
Caneum common stock. Vesting for the 400,000 ISO performance options cited would follow the
following formulaic schedule, 400,000 performance based vesting exclusively based on the adjusted
gross margin that you help deliver to Caneum at the following rate: (1) &#147;X&#148; divided by $1,500,000
times 400,000 options, where &#147;X&#148; is the dollar amount of adjusted gross margin achieved by the
Employee&#146;s new book of business each quarter commencing on the Employee&#146;s date of hire or (2)&nbsp;at
the 4&nbsp;year 6&nbsp;month anniversary of Employee&#146;s employment with Caneum.&#148; The gross margin can be
generated from any of Caneum&#146;s lines of business.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">The grant will be subject to the terms, definitions and provisions of Caneum&#146;s 2002 Stock
Option/Stock Issuances Plan (the &#147;Option Plan&#148;) which is incorporated herein by reference. In the
event of a conflict between this Agreement and the Stock Option Agreement, this Agreement shall
control.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>Attachment B &#151; Commission plan</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Sales Commission: 13% of adjusted gross margin (AGM)&nbsp;billings for which you were directly involved.
AGM is defined as the Gross Margin after adjustments for W2 (20%) and 1099 / Corp Load (2%).
</DIV>




<P align="center" style="font-size: 10pt">&nbsp;

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