Memo of Understanding
This Memo of Understanding is entered into as of this 1st day of
December, 1999, effective for one year by and between iShopper, Inc., a Nevada
Corporation and Xxxxx Xxxx.
For the duties and services to be performed by Xxxxx Xxxx he shall receive the
following:
Annual Salary $52,000
Stock Options 200,000 Options at $1.75 per share
The option grant date is December 1, 1999 for all 200,000 options. Options are
for a five-year period and are exercisable beyond employment.
In addition, Xxxxx Xxxx will be eligible for all other benefits of the Company,
including all other option plans, bonuses, insurance and any other benefits
which employees of the Company can participate in.
/s/ Xxxxx Xxxx /s/ unreadable
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Xxxxx Xxxx as President and CEO xXxxxxxx.xxx
Date 3/22/00 Date 12/1/99
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