CONSULTING AND SERVICES AGREEMENT
This Consulting and Services Agreement (this "Agreement") is
entered into as of June 5,2000 between eConnect, a Nevada
corporation, (the "Company" and Xxxxxxx Xxxxxxxx, "Consultant").
In consideration of the mutual covenants and agreements set forth
below, the parties hereby agree as follows:
1. Term. The Company hereby retains Consultant as an independent
consultant, with the duties particularized in Section 2 hereof
and subject to other terms and conditions particularized herein,
and Consultant hereby agrees to act as such for the Company, for
the period commencing on the date hereof and expiring on the
completion by Consultant of the Services (as defined in Section 2
hereof).
2. Duties. During the Term, Consultant shall devote his
reasonable best efforts to Performing the Services (as defined
hereinbelow) on behalf of the Company, at such reasonable times
and places as determined by Consultant. The Company understands
and hereby expressly acknowledges that the Services to be
provided to the Company by Consultant pursuant to the terms
hereof shall be on a non- exclusive basis only. As employed in
this Agreement, Services shall mean: Marketing and promotion of
the eCashPad to international markets.
3. Consideration to Consultant for Services. In consideration of
the Services to be rendered by Consultant to the Company pursuant
to the terms hereof, the Company shall pay Consultant the
issuance of 80,000 S-8 consultant free trading shares, in lieu of
cash payment.
4. Representation of Authority. The Company and Consultant each
hereby represents and warrants that has the necessary power and
authority to enter into and deliver this Agreement, to perform
its obligations hereunder and to consummate the transaction
contemplated hereby, and that such actions have been duly
authorized by, respectively, the Company and the Consultant in
accordance with applicable law.
IN WITNESS WHEREOF, the parties hereto have respectively executed
this Consulting and Services Agreement as of the date first
written above.
"THE COMPANY"
eConnect
Name: /s/ Xxxxxx X. Xxxxxx
Title: Chairman & CEO
"CONSULTANT"
By: /s/ Xxxxxxx Xxxxxxxx
Name: Xxxxxxx Xxxxxxxx
