Document:

<PAGE>

                                                                   Exhibit 10.24

                        SECURED RECOURSE PROMISSORY NOTE

$1,000,000                                                     February 24, 2000

     FOR VALUE RECEIVED, the sufficiency of which is hereby acknowledged, Theo
Schnitfink ("Maker") hereby unconditionally promises to pay to the order of
Cambridge Technology Partners (Massachusetts), Inc., a Delaware corporation (the
"Company"), having an address at 8 Cambridge Center, Cambridge, MA 02142, at
such address or at such other place as may be designated in writing by the
holder of this Note, or its assigns, the principal sum of ONE MILLION DOLLARS
($1,000,000) on the earlier to occur of February 24, 2002, or (ii) ninety (90)
days after the date on which the Maker's employment with the Company terminates
for any reason (the "Maturity Date"). The undersigned also agrees to pay
interest at said office in like money at a fixed rate per annum equal to Prime
Rate established by Chase Manhattan Bank plus one percent (Prime Rate + 1%)
(computed on the basis of a 360-day year) from the date hereof on the unpaid
principal amount hereof, said interest payable on the Maturity Date. Optional
prepayments, and mandatory prepayments pursuant to the third paragraph hereof,
received by the Company on or prior to the Maturity Date shall be applied first
to the payment of interest accrued and unpaid on this Note, and second to reduce
the principal balance hereunder.

     Capitalized terms used herein that are not defined herein shall have the
meanings ascribed thereto in that certain Pledge Agreement between Maker and the
Company dated as of even date herewith (the "Pledge Agreement").

     Maker agrees to make mandatory prepayments as follows: an amount equal to
one hundred percent (100%) of all after-tax net proceeds received by Maker or
members of Maker's family, heirs, executors or legal representatives or trusts
for the benefit of Maker or Maker's family (a "Related Transferee"), from any
transfer by Maker or any Related Transferee of any or all interests in the
Collateral and cash dividends or other cash distributions arising from the
Collateral, whether payable upon the liquidation or dissolution of the Company
or otherwise upon receipt thereof by Maker or any Related Transferee, as the
case may be.

     Maker may prepay this Note in whole or from time to time in part without
premium or penalty.

     Maker agrees that:

               (i) upon the failure to pay when due the principal balance
          hereunder and accrued interest thereon or any required prepayment of
          this Note;

               (ii) if Maker or any Related Transferee which holds any of the
          Collateral; (1) commences any voluntary proceeding under any provision
          of Title 11 of the United States Code, as now or hereafter amended, or
          commences any other proceeding, under any law, now or hereinafter in
          force, relating to bankruptcy, insolvency, reorganization,
          liquidation, or otherwise
<PAGE>

                                      -2-

          to the relief of debtors or the readjustment of indebtedness; (2)
          makes any assignment for the benefit of creditors or a composition or
          similar arrangement with such creditors; or (3) appoints a receiver,
          trustee or similar judicial officer or agent to take charge of or
          liquidate any of its property or assets; or

               (iii) upon the commencement against Maker or any Related
          Transferee which holds any of the Collateral of any involuntary
          proceeding of the kind described in paragraph (ii);

          all unpaid principal and accrued interest under this Note shall become
          immediately due and payable without presentment, demand, protest or
          notice of any kind.

     This Note is binding on Maker and Maker hereby waives presentment, demand,
notice and protest and any defense by reason of an extension of time for payment
or other indulgences. Failure of the holder hereof to assert any right herein
shall not be deemed to be a waiver thereof.

     Maker may not set off from any amounts due under this Note any amounts due
Maker from the Company or its transferees.

     The Obligations of Maker under this Note are secured by the pledge of the
Collateral to the Company in accordance with the terms of the Pledge Agreement.
The Maker shall remain liable for any deficiency if the proceeds of any sale or
other disposition of Collateral are insufficient to pay the Obligations and any
fees and disbursement of any attorneys employed by the Company to collect such
deficiency.

     This Note shall be governed by, and construed and enforced in accordance
with, the internal laws of the Commonwealth of Massachusetts, without giving
effect to principles of conflict of law thereof.

                                    ------------------------------
                                    Theo Schnitfink<PAGE>

                                                                   Exhibit 10.25
                                PLEDGE AGREEMENT

     PLEDGE AGREEMENT, dated as of February 24, 2000, made by Theo Schnitfink,
an individual with an address at Dennelei 30, Schoten B-2900, Belgium (the
"Pledgor"), in favor of Cambridge Technology Partners (Massachusetts), Inc., a
Delaware corporation having its principal place of business at 8 Cambridge
Center, Cambridge, MA 02142 (the "Company").

                                   WITNESSETH:
                                   ----------

     WHEREAS, for good and valuable consideration, the Company has agreed to
loan the Pledgor the principal amount of $1,000,000 (the "Loan"), to be
evidenced by a promissory note delivered by the Pledgor to the Company (the
"Note"); and

     WHEREAS, for good and valuable consideration, the Company has previously
granted a loan to the Pledgor in the principal amount of 600,000 Dutch Guilders,
pursuant to a Promissory Note dated December 21, 1998 (the "1998 Note"), which
to date has not bee repaid; and

     WHEREAS, it is a condition to the obligation of the Company to make the
Loan that the Pledgor pledge the Collateral (as further defined below), as
security for his obligations under the Note and the 1998 Note.

     NOW, THEREFORE, in consideration of the promises contained herein, and for
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows:

          1. Defined Terms. The following terms shall have the following
     meanings:

          "Code" means the Uniform Commercial Code from time to time in effect
     in the Commonwealth of Massachusetts.

          "Collateral" means the all of the Pledgor's assets including those
     items identified on Schedule I hereto, together with all stock
     certificates, securities or other property, options or rights of any nature
     whatsoever that may arise out of such items while this Pledge Agreement is
     in effect and all Proceeds thereof.

          "Common Stock" means the Company's Common Stock, $0.01 par value per
     share.

          "Obligations" means the unpaid principal of and interest on the Note,
     the 1998 Note and all other obligations and liabilities of the Pledgor to
     the Company which may arise under, out of, or in connection with, the Note,
     the 1998 Note or this Pledge Agreement.
<PAGE>

                                      -2-

          "Person" means an individual, partnership, joint-stock company,
     corporation, limited liability company, trust or unincorporated
     organization, and a government or agency or political subdivision thereof.

          "Pledge Agreement" this Pledge Agreement, as amended, supplemented or
     otherwise modified from time to time.

          "Proceeds" means all "proceeds" as such term is defined in Section
     9-306(1) of the Code and, in any event, shall include, without limitation,
     all dividends or other income from the Collateral, collections thereon or
     distributions with respect thereto.

          2. Pledge; Grant of Security Interest; Return of Collateral; Use of
     Proceeds. Concurrently with his execution and delivery of this Pledge
     Agreement, the Pledgor shall deliver the Collateral to the Company. The
     Pledgor hereby grants to the Company a first priority security interest in
     the Collateral, as collateral security for the prompt and complete payment
     and performance when due (whether at the stated maturity, by acceleration,
     upon required prepayment or otherwise) of the Obligations, subject to any
     subordination agreement hereinafter entered into by the Company in its sole
     discretion. Promptly following the receipt of payment in respect of all
     Obligations hereunder, the Company shall return to the Pledgor the
     Collateral then held by it. Pledgor hereby agrees that the proceeds
     resulting from the Note will be used solely to purchase an interest in the
     real estate described on Schedule I hereto.

          3. Stock Powers. Concurrently with the delivery to the Company of each
     certificate representing one or more shares Collateral, the Pledgor shall
     deliver an undated stock power, in the form attached hereto as Exhibit A,
     covering such certificate, duly executed in blank by the Pledgor.

          4. Representations and Warranties. The Pledgor represents and warrants
     that:

               (a) the Pledgor is the record and beneficial owner of and has
          good and marketable title to, the Collateral, free of any and all
          liens, options, security interests or encumbrances in favor of, or
          adverse claims of, any other Person, except the liens created
          hereunder; and

               (b) the lien granted pursuant to this Pledge Agreement
          constitutes a valid, perfected first priority lien on the Collateral,
          subject to any subordination agreement hereinafter entered into by the
          Company in its sole discretion.

          5. Covenants. The Pledgor covenants and agrees with the Company that,
     from and after the date hereof until the Obligations are paid in full:

               (a) If the Pledgor shall, as a result of his ownership of the
          Collateral, become entitled to receive or shall receive any non-cash
          dividend or distribution (whether in shares of Common Stock of the
          Company, other securities or other property and whether in connection
          with any reclassification, increase or reduction of capital or any
          reorganization or otherwise), or
<PAGE>

                                       -3-

          any option or right, whether in addition to, in substitution of, as a
          conversion of, or in exchange for any interest in the Collateral, or
          otherwise in respect thereof, the Pledgor shall accept the same as the
          agent of the Company, hold the same in trust for the Company, and
          deliver the same forthwith to the Company in the exact form received,
          duly endorsed by the Pledgor to the Company, if required, together
          with an undated stock power covering any certificate received by the
          Pledgor duly executed in blank by the Pledgor, to be held by the
          Company, subject to the terms hereof, as additional collateral
          security for the Obligations under the Note and the 1998 Note.

               (b) Without the prior written consent of the Company, the Pledgor
          will not (i) sell, assign, transfer, exchange, or otherwise dispose of
          or grant any option with respect to, the Collateral, or (ii) create,
          incur or permit to exist any lien, option, security interest or
          encumbrance in favor of, or any adverse claim of any person with
          respect to, any of the Collateral, or any interest therein, except for
          the lien created by this Pledge Agreement.

               (c) At any time and from time to time, upon the written request
          of the Company, and at the sole expense of the Pledgor, the Pledgor
          will promptly and duly execute and deliver such further instruments
          and documents and take such further actions the Company may reasonably
          request for the purposes of obtaining or preserving the full benefits
          of this Pledge Agreement and of the rights and powers herein granted.

               (d) The Pledgor agrees to pay, and to save the Company harmless
          from, any and all liabilities with respect to, or resulting from any
          delay in paying, any and all stamp, excise, sales or other taxes which
          may be payable or determined to be payable with respect to any of the
          Collateral or in connection with any of the transactions contemplated
          by this Pledge Agreement.

               (e) The Pledgor agrees to assign his interest, including any
          payments made thereunder in the event of his death, under that certain
          split dollar life insurance policy entered into between the Company
          and John Hancock Life Insurance Company, dated as of January 1998, and
          will execute and deliver to the Company all assignments and
          documentation necessary to give effect thereto.

          6. Voting Rights. Unless the Pledgor fails to pay or perform any of
     his Obligations under the Note or the 1998 Note, the Pledgor shall be
     permitted to exercise all voting and consensual rights with respect to the
     Collateral, provided, however, that no vote shall be cast or consensual
     right exercised or other action taken which, in the Company's reasonable
     judgment, would impair the Collateral or which would be inconsistent with
     or result in any violation of any provision of the Note, the 1998 Note or
     this Pledge Agreement.

          7. Rights of the Company.

               (a) If the Pledgor fails to pay or perform any of the Obligations
          in accordance with their respective terms, all rights and interests in
          the Collateral shall be registered in the name of the Company or its
          nominee and the Company or its nominee may thereafter exercise, to the
          extent permitted by applicable law, (i) all voting, corporate and
          other rights pertaining to the
<PAGE>

                                      -4-

          Collateral at any meeting of shareholders of the Company or otherwise
          and (ii) any and all rights of conversion, exchange, subscription and
          any other rights, privileges or options pertaining to the Collateral
          as if it were the absolute owner thereof (including, without
          limitation, the right to exchange at its discretion any and all of the
          Collateral upon the merger, consolidation, reorganization,
          recapitalization or other fundamental change in the corporate
          structure of the Company, or upon the exercise by the Pledgor or the
          Company of any right privilege or option pertaining to the Collateral,
          and in connection therewith, the right to deposit and deliver any and
          all of the Collateral with any committee, depository, transfer agent,
          registrar or other designated agency upon such terms and conditions as
          it may determine), all without liability except to account for
          property actually received by it, but the Company shall have no duty
          to the Pledgor to exercise any such rights privilege or option and
          shall not be responsible for any failure to do so or delay in so
          doing.

               (b) The rights of the Company hereunder shall not be conditioned
          or contingent upon the pursuit by the Company of any right or remedy
          against the Pledgor or against any other Person which may be or become
          liable in respect of all or any part of the Obligations or against any
          collateral security therefor, guarantee therefor or right of offset
          with respect thereto. The Company shall not be liable for any failure
          to demand, collect or realize upon all or any part of the Collateral
          or for any delay in doing so, nor shall the Company be under any
          obligation to sell or otherwise dispose of any Collateral upon the
          request of the Pledgor or any other Person or to take any other action
          whatsoever with regard to the Collateral or any part thereof.

          8. Remedies. If the Pledgor fails to perform any of his Obligations in
     accordance with their respective terms and such failure is continuing, the
     Company may exercise, in addition to all other rights and remedies granted
     in this Pledge Agreement and in any other instrument or agreement securing,
     evidencing or relating to the Obligations, all rights and remedies of a
     secured party under the Code. Without limiting the generality of the
     foregoing, the Company, without demand of performance or other demand,
     presentment protest, advertisement or notice of any kind (except any notice
     required by law referred to below) to or upon the Pledgor or any other
     Person (all and each of which demands, defenses, advertisements and notices
     are hereby waived), may in such circumstances forthwith collect, receive,
     appropriate and realize upon the Collateral, or any part thereof, and/or
     may forthwith sell, assign, give an option or options to purchase or
     otherwise dispose of and deliver the Collateral or any part thereof (or
     contract to do any of the foregoing), in one or more parcels at public or
     private sale or sales, in the over-the-counter market, at any exchange,
     broker's board or office of the Company or elsewhere upon such terms and
     conditions as it may deem advisable and at such prices as it may deem best,
     for cash or on credit or for future delivery without assumption of any
     credit risk. The Company shall have the right upon any such public sale or
     sales, and, to the extent permitted by law, upon any such private sale or
     sales, to purchase the whole or any part of the Collateral so sold, free of
     any right or equity of redemption in the Pledgor, which right or equity is
     hereby waived or released. The Company shall apply any Proceeds from time
     to time held by it and the net proceeds of any such collection, recovery,
     receipt, appropriation, realization or sales after deducting all reasonable
     costs and expenses of every kind incurred in respect thereof or incidental
     to the care or safekeeping of any of the Collateral or in any way relating
     to the Collateral or the rights of the Company hereunder, including,
     without limitation, reasonable attorneys' fees and disbursements
<PAGE>

                                       -5-

     of counsel to the Company, to the payment in whole or in part of the
     Obligations, in such order as the Company may elect and only after such
     application and after the payment by the Company of any other amount
     required by any provision of law, including, without limitation, Section
     9-504(l)(c) of the Code, need the Company account for the surplus, if any,
     to the Pledgor. To the extent permitted by applicable law, the Pledgor
     waives all claims, damages and demands he may acquire against the Company
     arising out of the exercise by the Company of any rights hereunder. If any
     notice of a proposed sale or other disposition of Collateral shall be
     required by law, such notice shall be deemed reasonable and proper if given
     at least 10 days before such sale or other disposition. The Pledgor shall
     remain liable for any deficiency if the proceeds of any sale or other
     disposition of Collateral are insufficient to pay the Obligations and the
     fees and disbursements of any attorneys employed by the Company to collect
     such deficiency.

          9. Limitation on Duties Regarding Collateral. From and after the date
     hereof, the Company's sole duty with respect to the custody, safekeeping
     and physical preservation of the Collateral in its possession, under
     Section 9-207 of the Code or otherwise, shall be to deal with it in the
     same manner as the Company deals with similar securities and property for
     its own account. Neither the Company nor any of its directors, officers,
     employees or agents shall be liable for failure to demand, collect or
     realize upon any of the Collateral or for any delay in doing so or shall be
     under any obligation to sell or otherwise dispose of any Collateral upon
     the request of the Pledgor or otherwise; provided, however, that the
     Company shall cooperate with the Pledgor in order to transfer any or all of
     the Collateral in accordance with the terms of the Restricted Stock
     Agreement.

          10. Powers Coupled with an Interest. All authorizations and agencies
     herein contained with respect to the Collateral are irrevocable and are
     powers coupled with an interest.

          11. Severability. Any provision of this Pledge Agreement which is
     prohibited or unenforceable in any jurisdiction shall, as to such
     jurisdiction, be ineffective to the extent of such prohibition or
     unenforceability without invalidating the remaining provisions hereof, and
     any such prohibition or unenforceability in any jurisdiction shall not
     invalidate or render unenforceable such provision in any other
     jurisdiction.

          12. Section Headings. The section headings used in this Pledge
     Agreement are for convenience of reference only and are not to affect the
     construction hereof or be taken into consideration in the interpretation
     hereof.

          13. No Waiver, Cumulative Remedies. The Company shall not by any act
     (except by a written instrument pursuant to Section 15 hereof be deemed to
     have waived any right or remedy hereunder or to have acquiesced in any
     breach of any of the terms and conditions hereof. No failure to exercise,
     nor any delay in exercising, on the part of the Company, any right, power
     or privilege hereunder shall operate as a waiver thereof. No single or
     partial exercise of any right, power or privilege hereunder shall preclude
     any other or further exercise thereof or the exercise of any other right,
     power or privilege. A waiver by the Company of any right or remedy
     hereunder on any one occasion shall not be construed as a bar to any right
     or remedy which the Company would otherwise have on any future occasion.
     The rights and remedies herein
<PAGE>

                                      -6-

     provided are cumulative, may be exercised singly or concurrently and are
     not exclusive of any other rights or remedies provided by law.

          14. Waivers and Amendments: Successors and Assigns: Governing Law.
     None of the terms or provisions of this Pledge Agreement may be amended,
     supplemented or otherwise modified except by a written instrument executed
     by the Pledgor and the Company, provided that any provision of this Pledge
     Agreement enforceable by the Company may be waived by the Company in a
     letter or agreement executed by the Company or by telex or facsimile
     transmission from the Company. This Pledge Agreement shall be binding upon
     the successors and assigns of the Pledgor and shall inure to the benefit of
     the Company and its successors and assigns. This Pledge Agreement shall be
     governed by, and construed and interpreted in accordance with, the internal
     laws of the Commonwealth of Massachusetts, without regard to the conflict
     of law provisions thereof.

          15. Notices. Notices under this Pledge Agreement may be given by
     express overnight courier service or by facsimile transmission, addressed
     to the Parties at their respective addresses set forth in the first
     paragraph to this Pledge Agreement and shall be effective when sent. Either
     party may change their respective addresses by written notice to the other
     party.

          16. Counterparts. This Pledge Agreement may be executed in two or more
     c arts, each of which shall be deemed an original, and all of which shall
     be deemed one and the same agreement.

                (REMAINDER OF PAGE INTENTIONALLY BEEN LEFT BLANK)
<PAGE>

                                      -7-

     IN WITNESS WHEREOF, the undersigned have caused this Pledge Agreement to be
duly executed and delivered as of the date first above written.

                                       -------------------------------------
                                       Theo Schnitfink

                                       CAMBRIDGE TECHNOLOGY PARTNERS
                                       (MASSACHUSETTS), INC.

                                       By:__________________________________
                                          Name:
                                          Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00005-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00005-of-00352.parquet"}]]