AGREEMENT
This agreement states that Alliance Equities is advancing
eConnect the sum of $250.000 weekly for the next four weeks with
the purpose being to buyback $1,000,000 worth of eConnect
stock.
The stock shall be held in certificate form with the goal being
to reduce the overall float of eConnect stock.
eConnect agrees that Alliance Equities shall receive 25% bonus of
the stock that is purchased by eConnect per $250,000 traunce.
Example: $250.000 is used to purcchase 1,667.000 shares.
eConnect will pay a bonus of 416,666 shares to Alliance
Equities.
Alliance Equities reserves the right to sell a portion of this
free trading stock to recover the investment of each traunce of
$250,000, but agrees to not sell more than 25% of the stock bonus
per 30 days and will sell in such a manner to not adversely
effected: the share price of the eConnect stock.
eConnect agrees that Xxxxxxx Xxxxxxx shall be paid a Finders Fee
of 10% of all monies advanced to buyback eConnect stock and that
this finders fee shall be paid in free trading stock based at the
average five day trading average per $250.000 traunce.
Example: First traunce: $250,000 with average fIVe day trading
value at 18 cents. 10% of $250,000 = $25,000/.18 = 1,388,888
shares to Xxxxxxx Xxxxxxx.
/s/ Xxxxxx X. Xxxxxx /s/ Xxxxxxx Xxxxxxx
Chairman and CEO Xxxxxxx Xxxxxxx, President
Dated: November 29, 1999 Dated: November 29, 1999
