EX-10.12
CONSULTING AGREEMENT AMENDMENT
Reference is made to that certain Consulting Agreement (the "Agreement") dated
September 1,2003, and the amendment thereto dated December 1, 2003 (the
"December Amendment") between
DATAMEG CORP., a New York Corporation duly organized under law and having an
usual place of business at XXXXX, Xxxxxx, XX 00000,
Attn: Xxxxxx Xxxxxx, President (hereinafter referred to as the "COMPANY")
and
XXXXXX XXXXXX of XXXXXXXXXX,XXXXX,
Xxxxxxxx, (hereinafter referred to as the "CONSULTANT").
The Company wishes to utilize the services of the Consultant in an effort to
acquire or merge with other companies, and the parties hereto acknowledge that
this is a change of direction from that envisioned at the time the above
referenced agreement and amendment were signed.
NOW THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, accepted and agreed to, the Company and the Consultant hereby
agree to amend the Agreement and the December Amendment as follows:
1.VESTING OF OPTIONS
(a) Upon signing of a Letter of Intent between Company or any of its
subsidiaries and any party to merge with Company, acquire Company, or to be
acquired by Company, either in whole or in part, all options granted to
Consultant in the Agreement and the December Amendment, including the options
for 1 million shares of the Company's Common Stock that were to be granted upon
Consultant becoming an employee of the company, shall vest immediately.
(b) All the options referenced above shall be registered within 10 days of said
signing of a letter of intent.
All other terms and conditions of the Agreement remain unchanged.
DATED: February 7, 2004
DATAMEG CORP.
By:
Xxxxxx Xxxxxx, President
Hereunto Duly Authorized
CONSULTANT:
Xxxxxx Xxxxxx
