Document:

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                                                                  EXHIBIT 10.9

                            CHATSWORTH SECURITIES LLC

March 20, 1999

Mr. Russell Madris
President
Corporate Buying Service Inc.
3401 N. Federal Highway
Boca Raton, FL 33431

Dear Mr. Madris:

This letter (this "Agreement") confirms the terms upon which Corporate Buying
Services Inc. ("CBS" or the "Company") and Chatsworth Securities LLC
("Chatsworth") have agreed to amend and restate the terms of that certain letter
agreement entered into between them on March 18, 1999 (the "Initial Engagement
Agreement") pursuant to which Chatsworth was retained to serve as a consultant
to the Company.

SECTION 1:  NATURE OF THE ENGAGEMENT

In the capacity described above, Chatsworth will act as a consultant and will
advise and assist the Company with respect to the following:

         (a)   Advise and assist the Company in analyzing corporate and
               technology infrastructure needs;
         (b)   Advise and assist the Company in evaluating the Company's
               website;
         (c)   Advise and assist the Company in evaluating and enhancing the
               Company's marketing program, including the development of a
               national sales force;
         (d)   Advise and assist the Company in retaining executive search firms
               and evaluating managerial personnel needs;
         (e)   Advise and assist the Company in identifying and hiring a
               suitable CFO and CTO;
         (f)   Advise and assist the Company in identifying suitable candidates
               for the Company's Board of Directors;
         (g)   Prepare a comprehensive business plan for the Company to
               facilitate raising private equity capital;
         (h)   Prepare a valuation of the Company to facilitate raising private
               equity capital;
         (i)   Advise and assist the Company in evaluating debt and equity
               alternatives for financing the Company's growth;
         (j)   Advise and assist the Company in selecting and retaining
               auditors; and
         (k)   Advise and assist the Company in establishing an employee stock
               option plan and program.

                   One East Putnam Avenue, Greenwich, CT 06830
                     Tel. (203) 629-2612 Fax (203) 629-2375

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SECTION 2:  FEES

In consideration of the services provided by Chatsworth hereunder, the Company
shall issue to Chatsworth a warrant to purchase 1.65 shares of common stock,
$.01 par value per share, of the Company (which shall be subject to adjustment
on account of any stock split or dividend undertaken by the Company) in the form
attached hereto as EXHIBIT A (the "Warrant").

SECTION 3:  EXPENSES

In addition to the Warrant, the Company hereby agrees, from time to time upon
request, to reimburse Chatsworth for all reasonable and pre-approved
out-of-pocket traveling expenses incurred by Chatsworth in fulfilling its
obligations hereunder.

SECTION 4:  INDEMNIFICATION

The Company agrees to indemnify, defend and hold harmless Chatsworth against any
and all loss, liability claim, damage and expense whatsoever (including, but not
limited to, any and all expenses reasonably incurred in investigating, preparing
or defending against any litigation commenced or threatened, or any claim
whatsoever) arising out of any untrue statement or alleged untrue statement of a
material fact contained in any registration statement filed by the Company with
the SEC and any prospectus contained therein (as amended and supplemented from
time to time) or the omission or alleged omission to state therein a material
fact required to be stated therein or necessary to make the statements therein
not misleading; PROVIDED, HOWEVER, that the Company shall not be liable in any
such case to the extent that any such loss, claim damage or liability arises out
of or is based upon (a) an untrue statement, or alleged untrue statement or
omission or alleged omission made in such registration statement or prospectus,
or such amendment or supplement, in reliance upon and in conformity with
information furnished to the Company by Chatsworth, or (b) grossly negligent,
reckless or intentional misconduct or wrongful acts of Chatsworth.

Chatsworth agrees that it will indemnify, defend and hold harmless the Company
and each of its officers, directors, employees and agents from and against any
loss, expense, claim, damage, or liability (including but not limited to any and
all expenses reasonably incurred in investigating, preparing or defending
against any litigation, commenced or threatened, or any claim whatsoever),
insofar as any such loss, expense, claim, damage, liability, or actions in
respect thereof arises out of or is based on any untrue statement or alleged
untrue statement of any material fact made by Chatsworth or the omission on or
alleged omission by Chatsworth of any material fact or any fact necessary to
make the statements made by Chatsworth not misleading or any grossly negligent,
reckless or intentional misconduct or wrongful act of Chatsworth or any of its
officers, directors, employees and agents.

SECTION 5:  TERMINATION OF ENGAGEMENT

Chatsworth's engagement hereunder may be terminated by either the Company or
Chatsworth at any time, with or without cause, upon 10 days' written advice to
the other party; PROVIDED, HOWEVER, that

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Chatsworth will be entitled to keep the Warrant subject to the terms set forth
therein; and PROVIDED, FURTHER, the provisions of Section 3, 4, and 5 shall
survive such termination.

The Company understands and agrees that all advice (written or oral) given by
Chatsworth to the Company in connection with Chatsworth's engagement hereunder
is intended solely for its benefit and use, and that no such advice shall be
used, reproduced, disseminated, quoted or referred to at any time, in any manner
or for any purpose, nor shall any public reference be made to Chatsworth except
(i) as may be required by law, any applicable rules or regulations promulgated
pursuant thereto or the rules of any exchange or market on which shares of the
Company are or are proposed to be listed, or (ii) with Chatsworth's prior
written consent.

Each Holder and the Company agrees to arbitrate all disputes, controversies or
differences that may arise between them with respect to any provision of this
Agreement. Either party may give notice to the other of its decision to
arbitrate the dispute, and such notice shall specify the issue or issues to be
arbitrated. Each party shall select one arbitrator, and the two arbitrators
thereby selected shall select a third arbitrator. The arbitration shall take
place in Palm Beach County, Florida or such other place as the parties shall
agree, under the then-current Commercial Arbitration Rules of the American
Arbitration Association. The decision of a majority of the three arbitrators,
including any assessment of the cost of arbitration, will be final and binding
on the parties. The arbitrators will only have the authority to award actual
direct damages, and will not have the authority to award consequential or
punitive damages. Judgement upon the decision made by the arbitrators may be
entered in any court of competent jurisdiction.

Please confirm that the foregoing is in accordance with your understandings and
agreements with Chatsworth by signing the duplicate copy of this letter and
returning the same to the undersigned, thereby constituting this a binding
agreement between us, our respective successors and assigns.

SECTION 6:  OTHER

The terms of this letter agreement shall supersede and replace the terms of the
Initial Engagement Letter and the terms of such Initial Engagement Letter shall
be null and void.

                                                     Very truly yours,

                                                     CHATSWORTH SECURITIES LLC

                                                     By: /s/ ALBERT P. VASQUEZ
                                                         ----------------------
                                                            Albert P. Vasquez
                                                            Managing Director

Accepted and agreed to as
of the date of this letter

CORPORATE BUYING SERVICE INC.

By: /s/ RUSSELL MADRIS
   ---------------------------
         Russell Madris
         President

                                      -3-<PAGE>   1
                                                                 EXHIBIT 10.10

                            INDEMNIFICATION AGREEMENT

         This Indemnification Agreement (this "Agreement") is entered into and
shall be effective as of _____________ , 200_ between MoreDirect.com, Inc., a
Florida corporation (the "Company"), and _____________ ("Indemnitee").

                                    RECITALS

         Indemnitee is a director, officer, employee or agent of the Company
and, as such, performs a valuable service in such capacity to the Company. The
Articles of Incorporation ("Articles") and Bylaws ("Bylaws") of the Company
contain provisions providing that the Company will indemnify all officers,
directors, employees and agents of the Company to the maximum extent permitted
by the Florida Business Corporations Act, as amended (the "Act").
Notwithstanding the protections contained in the Articles, Bylaws and the Act,
in order to induce Indemnitee to serve or continue serving as a director,
officer, employee or agent, the Company deems it in the best interest of the
Company to enter into this Agreement with Indemnitee to obligate itself to
indemnify Indemnitee based on the terms and subject to the conditions set forth
herein.

                               TERMS OF AGREEMENT

         In consideration of the above recitals and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereby agree as follows:

         1.       INDEMNIFICATION.

                  a. The Company will indemnify Indemnitee to the fullest extent
authorized or permitted by the provisions of the Act, as may be amended from
time to time to increase the scope of such permitted indemnification, from and
against any and all claims, damages, expenses (including attorneys' fees and
expenses), witness fees, judgments, fines, amounts paid in settlement and other
liabilities incurred by Indemnitee in connection with the investigation,
defense, prosecution, settlement or appeal of any threatened, pending or
completed action, suit or proceeding, whether civil, criminal, administrative or
investigative (including an action by or in the right of the Company) to which
Indemnitee is, was or at any time becomes a party, or is threatened to be made a
party, by reason of the fact that Indemnitee is, was or at any time becomes a
director, officer, employee or agent of the Company, or is or was serving or at
any time serves at the request of the Company as a director, officer, employee
or agent of another corporation, partnership, joint venture, trust, employee
benefit plan or other enterprise, or by reason of anything done or not done by
the Indemnitee in any such capacity or capacities (each a "Covered Matter").

                  b. Notwithstanding the foregoing, no such indemnification
shall be made in respect of any claim, issue or matter as to which the Act
expressly prohibits such indemnification;

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PROVIDED, HOWEVER, that in such event such indemnification shall nevertheless be
made by the Company to the extent that the court in which such action or suit
was brought shall determine that such indemnification is equitable under the
circumstances.

         2. NOTIFICATION AND DEFENSE OF CLAIM. Not later than thirty (30) days
after receipt by Indemnitee of notice of the commencement of any action, suit or
proceeding, Indemnitee will, if a claim in respect thereof is to be made against
the Company under this Agreement, notify the Company of the commencement
thereof; but the omission so to notify the Company will not relieve the Company
from any liability which it may have to Indemnitee otherwise than under this
Agreement. With respect to any such action, suit or proceeding as to which
Indemnitee notifies the Company of the commencement thereof:

                  a. The Company will be entitled to participate therein at its
own expense;

                  b. Except as otherwise provided below, to the extent that it
may wish, the Company jointly with any other indemnifying party similarly
notified will be entitled to assume the defense thereof, with counsel reasonably
satisfactory to Indemnitee. After notice from the Company to Indemnitee of its
election to so assume the defense thereof, the Company will not be liable to
Indemnitee under this Agreement for any legal or other expenses subsequently
incurred by Indemnitee in connection with the defense thereof other than
reasonable costs of investigation or as otherwise provided below. Indemnitee
shall have the right to employ its counsel in such action, suit or proceeding
but the fees and expenses of such counsel incurred after notice from the Company
of its assumption of the defense thereof shall be at the expense of Indemnitee
unless (i) the employment of counsel by Indemnitee has been authorized by the
Company, (ii) Indemnitee shall have reasonably concluded that there may be a
conflict of interest between the Company and Indemnitee in the conduct of the
defense of such action or (iii) the Company shall not in fact have employed
counsel to assume the defense of such action, in each of which cases the fees
and expenses of Indemnitee's separate counsel shall be at the expense of the
Company. Company shall not be entitled to assume the defense of any action, suit
or proceeding brought by or on behalf of the Company or as to which Indemnitee
shall have made the conclusion provided for in (ii) above; and

                  c. The Company shall not be liable to indemnify Indemnitee
under this Agreement for any amounts paid in settlement of any action or claim
effected without the Company's written consent. The Company shall be permitted
to settle any action except that it shall not settle any action or claim in any
manner which would impose any penalty or restriction on Indemnitee without
Indemnitee's written consent. Neither the Company nor Indemnitee will
unreasonably withhold its consent to any proposed settlement.

         3.       ADVANCEMENT AND REPAYMENT OF EXPENSES.

                  a. In the event that Indemnitee employs his own counsel
pursuant to Section 2b.(i) through (iii) above, the Company shall advance to
Indemnitee, prior to any final disposition of any threatened or pending action,
suit or proceeding, whether civil, criminal, administrative or

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investigative, any and all reasonable expenses (including, without limitation,
attorneys' fees and expenses) incurred in investigating or defending any such
action, suit or proceeding within ten (10) days after receiving copies of
invoices presented to Indemnitee for such expenses.

                  b. Indemnitee agrees that Indemnitee will reimburse the
Company for all reasonable expenses paid by the Company in defending any civil
or criminal action, suit or proceeding against Indemnitee in the event and only
to the extent it shall be ultimately determined by a final judicial decision
(from which there is no right of appeal) that Indemnitee is not entitled, under
the provisions of the Act, the Articles, the Bylaws, this Agreement or
otherwise, to be indemnified by the Company for such expenses.

         4.       AUTHORIZATION FOR INDEMNIFICATION.

                  a. Indemnitee will be presumed to be entitled to
indemnification under this Agreement and will receive such indemnification,
subject to Section 4b. below, irrespective of whether the Covered Matter
involves allegations of breach of Indemnitee's fiduciary duties or alleged
violations of Section 16(b) or 10(b) of the Securities Exchange Act of 1934, as
amended.

                  b. If, in the opinion of counsel to the Company, applicable
law permits indemnification only upon a determination that indemnification is
proper in the circumstances because Indemnitee has met a standard of conduct
established by applicable law, the following apply:

                           i. The Company will give Indemnitee notice
that a determination and evaluation ("Determination") will be made under this
paragraph 4b.; such notice will be given immediately after receipt of counsel's
opinion that such Determination is necessary and will include a copy of such
opinion.

                           ii. Such Determination will be made in good faith, as
follows:

                           (1)      first, by a majority vote of a quorum of the
                                    Board of Directors of the Company (the
                                    "Board") who are not parties or threatened
                                    to be made parties to the Covered Matter in
                                    question ("Disinterested Directors") or, if
                                    such a quorum is not obtainable or, even if
                                    obtainable, by a majority vote of a
                                    committee of two or more Disinterested
                                    Directors who are selected by the entire
                                    Board ("Disinterested Committee");

                           (2)      second, if a quorum of the Disinterested
                                    Directors cannot be obtained or if the
                                    Disinterested Committee cannot be
                                    designated, by any independent legal counsel
                                    (who may be the outside counsel regularly
                                    employed by the Company) which is selected
                                    by the Board or the Disinterested Committee;
                                    or

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<PAGE>   4

                           (3)      third, if such legal counsel determination
                                    cannot be obtained, by a majority of the
                                    shareholders who are not parties to the
                                    Covered Matter in question ("Disinterested
                                    Shareholders") and who are represented in
                                    person or by proxy and entitled to vote at a
                                    meeting called for such purpose, or by a
                                    written consent of all such Disinterested
                                    Shareholders.

                           iii.     Indemnitee shall be entitled to a hearing
before the entire Board of and any other person or persons making the
Determination. Indemnitee will be entitled to be represented by counsel at such
hearing.

                           iv.      The cost of the Determination (including
attorneys' fees and other expenses incurred by Indemnitee in preparing for and
attending the hearing contemplated above and otherwise in connection with the
Determination) will be borne by the Company.

                           v.       The Determination will be made as promptly
as reasonably possible after notice from counsel to the Company of the need
therefor and, in any case, (i) if the Determination is to be made by the Board
or the Disinterested Committee, such Determination will be made not later than
fifteen (15) days after notice from counsel to the Company; (ii) if the
Determination is to be made by independent legal counsel, such Determination
will be made not later than thirty (30) days after notice from counsel to the
Company and (iii) if the Determination is to be made by the shareholders, such
Determination will be made not later than 120 days after notice from counsel to
the Company.

                           vi.      Evaluation of the reasonableness of
expenses incurred by the Indemnitee for purposes of this Agreement shall be made
in the same manner as the determination that indemnification is permissible
under Section 4b.(ii).

                           vii.     For purposes of the determination and
evaluation described above, Indemnitee will be presumed to have met the required
standard of conduct under this Section 4 unless it is clearly demonstrated to
the determining body that Indemnitee has not met the required standard of
conduct.

                  c. Notwithstanding the failure of the Company to provide
indemnification, and despite any contrary determination of the determining body,
Indemnitee may apply for indemnification or advancement of expenses, or both, to
a court of competent jurisdiction.

         5. PAYMENT OF INDEMNIFIED AMOUNTS. Immediately following a
Determination that the Indemnitee is entitled to indemnification hereunder or
that any expenses sought hereunder by Indemnitee are reasonable, or the passage
of time prescribed for making such Determination, the Company will pay to
Indemnitee in cash the amount to which Indemnitee is entitled to be indemnified
and/or reimbursed, as the case may be, without further authorization or action
by the Board, PROVIDED, HOWEVER, that the expenses for which indemnification or
reimbursement is sought

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have actually been incurred by Indemnitee.

         6. CONTRIBUTION. If the indemnification provided in Section 1 hereof is
unavailable by reason of a determination made pursuant to Section 4 hereof, then
in respect of any Covered Matter in which the Company is jointly liable with
Indemnitee (or would be if joined in such Covered Matter), the Company shall
contribute to the amount of expenses (including attorneys' fees and expenses),
judgments, fines and amounts paid in settlement actually and reasonably incurred
and paid or payable by Indemnitee in such proportion as is appropriate to
reflect (i) the relative benefits received by the Company on the one hand and
Indemnitee on the other hand from the transaction from which such action, suit
or proceeding arose, and (ii) the relative fault of the Company on the one hand
and of Indemnitee on the other in connection with the events which resulted in
such expenses, judgments, fines or settlement amounts, as well as any other
relevant equitable considerations. The relative fault of the Company on the one
hand and of Indemnitee on the other shall be determined by reference to, among
other things, the parties' relative intent, knowledge, access to information and
opportunity to correct or prevent the circumstances resulting in such expenses,
judgments, fines or settlement amounts. The Company agrees that it would not be
just and equitable if contribution pursuant to this Section 6 were determined by
pro rata allocation or any other method of allocation which does not take
account of the foregoing equitable considerations.

         7. CONTINUATION OF OBLIGATIONS. All agreements and obligations of the
Company contained herein shall continue during the period Indemnitee is a
director, officer, employee or agent of the Company (or is or was serving at the
request of the Company as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust, employee benefit plan or other
enterprise) and shall continue thereafter so long as Indemnitee shall be subject
to any possible claim or threatened, pending or completed action, suit or
proceeding, whether civil, criminal or investigative, by reason of the fact that
Indemnitee was a director or officer, employee or agent of the Company or
serving in any other capacity referred to herein.

         8.       ENFORCEMENT.

                  a. The Company expressly confirms and agrees that it has
entered into this Agreement and assumed the obligations imposed on the Company
hereby in order to induce Indemnitee to serve or continue as a director, or
officer, employee or agent of the Company, and acknowledges that Indemnitee is
relying upon this Agreement in continuing in such capacity.

                  b. In the event Indemnitee is required to bring any action to
enforce rights or to collect moneys due under this Agreement and is successful
in such action, the Company shall reimburse Indemnitee for all Indemnitee's
reasonable fees and expenses in bringing and pursuing such action.

         9. SUBROGATION. In the event of payment under this Agreement, the
Company shall be subrogated to the extent of such payment to all of the rights
of recovery of Indemnitee, who shall execute all documents required and shall do
all acts that may be necessary to secure such rights and

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to enable the Company effectively to bring suit to enforce such rights.

         10. NON-EXCLUSIVITY OF RIGHTS. The rights conferred on Indemnitee by
this Agreement shall not be exclusive of any other right which Indemnitee may
have or hereafter acquire under any statute, provision of the Articles or
Bylaws, agreement, vote of shareholders or directors, or otherwise, both as to
action in his official capacity and as to action in another capacity while
holding office.

         11. NOTICE. Any notice, request or other document required or permitted
to be given under this Agreement shall be in writing and shall be deemed given
(a) upon delivery, if delivered by hand, (b) three (3) days after the date of
deposit in the mail, postage prepaid, if mailed by U.S. certified or registered
mail, or (c) on the next business day, if sent by prepaid overnight courier
service, in each case, addressed as follows:

                  If to Indemnitee, to the address set
                  forth below his or her name on the
                  signature page hereto

                  If to the Company, to:

                  MoreDirect.com, Inc.
                  3401 N. Federal Highway
                  Suite 216
                  Boca Raton, FL 33431
                  Attention: President

                  with a copy to:

                  Akerman Senterfitt & Eidson, P.A.
                  350 E. Las Olas Boulevard, Suite 1600
                  Fort Lauderdale, Florida 33301
                  Attention: Bruce I. March, Esq.

Any party may change the address to which notice shall be sent by giving notice
of such change of address to the other parties in the manner provided above.

         12. SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon and
inure to the benefit of the parties hereto and their respective heirs,
successors and assigns. The Company will require any successor to all or
substantially all of the business or assets of the Company to assume all of the
Company's obligations under this Agreement. Such assumption will not release the
Company from its obligations under this Agreement.

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<PAGE>   7

         13. SEVERABILITY. If any term or provision of this Agreement shall be
determined by a court of competent jurisdiction to be illegal, invalid or
unenforceable for any reason, the remaining provisions of this Agreement shall
remain enforceable and the invalid, illegal or unenforceable provisions shall be
modified so as to be valid and enforceable and shall be enforced.

         14. GOVERNING LAW; JURISDICTION. This Agreement shall be construed in
accordance with the laws of the State of Florida applicable to contracts
executed and to be wholly performed within such State. The parties to this
Agreement agree that any suit, action or proceeding arising out of or relating
to this Agreement or any judgment entered by any court in respect thereof shall
be brought in the courts of Palm Beach County, Florida or in the U.S. District
Court for the Southern District of Florida. Each party hereby irrevocably and
unconditionally (a) accepts the exclusive personal jurisdiction of such courts
for the purpose of any action, suit or proceeding arising out of or relating to
this Agreement, (b) waives, to the fullest extent permitted by law, any
objection which it may now or hereafter have to the laying of venue of any
action, suit or proceeding arising out of or relating to this Agreement or any
judgment entered by any court in respect thereof brought in such courts, (c)
waives any claim that any action, suit or proceeding brought in any such court
has been brought in an inconvenient forum, and (d) agrees that service of any
process, summons, notice or document by U.S. registered or certified mail to the
address set forth in Section 11 above shall be effective service of process for
any action, suit or proceeding brought against any party in any such court.

         15. AMENDMENT. This Agreement may not be amended, supplemented or
modified in whole or in part except by an instrument in writing signed by the
party or parties against whom enforcement of such amendment, supplement or
modification is sought.

         16. ENTIRE AGREEMENT. This Agreement constitutes the entire
understanding of the parties relating to the subject matter hereof and
supersedes all prior agreements, understandings, arrangements, promises and
commitments, whether written or oral, express or implied, relating to the
subject matter hereof, and all such prior agreements, understandings,
arrangements, promises and commitments are hereby canceled and terminated.

         17. WAIVER. Except as may be provided herein, the failure or delay of
any party to enforce any provision of this Agreement shall in no way affect the
right of such party to enforce the same or any other provision of this
Agreement. Except as may be provided herein, the waiver by any party of any
breach of any provision of this Agreement shall not be construed as a waiver by
such party of any succeeding breach of such provision or a waiver by such party
of a breach of any other provision. The granting of any consent or approval by
any party in any one instance shall not be construed to waive or limit the need
for such consent or approval in any other or subsequent instance.

         18. SECTION HEADINGS. Section headings are included in this Agreement
for convenience of reference only, and shall in no way affect the meaning or
interpretation of this Agreement.

         19.      COUNTERPARTS.  This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which taken
together shall constitute one and the same instrument.

                         [Signatures on following page]

                                        7

<PAGE>   8

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement on
and as of the day and year first above written.

                                             MOREDIRECT.COM, INC.,
                                             a Florida corporation

                                             By:
                                                 -----------------------------
                                                      Russell Madris
                                                      President

                                             INDEMNITEE:

                                             ---------------------------------
                                             Name:
                                             ---------------------------------
                                             Address:
                                             ---------------------------------

                                             ---------------------------------

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