EXHIBIT 10.24
SPORTSPRIZE ENTERTAINMENT INC.
000 Xxxx 0xx Xxxxxx
Xxxxxxxxx, X.X.
X0X 0X0
Tel: (000) 000-0000
May 21, 1999
Sonora Capital Corp.
0000 - 000 Xxxxxxx Xxxxxx
Xxxxxxxxx, X.X.
X0X 0X0
Dear Sir:
re: Corporate Affairs and Investor Relations
This letter will confirm the terms and conditions of the agreement reached
between Sonora Capital Corp. (the "Consultant") and Sportsprize Entertainment
Inc. (the "Company") as follows:
1. Duties
The Company hereby engages the Consultant for the purpose of assisting the
Company with corporate affairs and carrying out investor relations activities on
behalf of the Company, including, among other matters:
(a) assisting management with general corporate matters relating to
the development of the Company;
(b) assisting management of the Company in the preparation of
promotional brochures, booklets, corporate updates and other material;
(c) representing the Company in connection with its shareholder and
investor relations; and
(d) initiating and maintaining a regular program of contacting
stockbrokers, investment counselors and advisors with information
about the Company.
2. Term
Commencing May 1, 1999, the services of the Consultant will be rendered to
the Company on a month-to-month basis unless terminated in accordance with terms
and provisions hereof.
2
3. Remuneration
The Company agrees to pay to the Consultant the sum of U.S.$20,000 per
month or such other amount as may be agreed between the parties hereto.
4. Confidential Information
The parties hereto acknowledge and agree that the Consultant will have
access to confidential and secret information and therefore the Consultant
agrees that during the terms of this agreement and on termination or expiry of
the same, for any reason whatsoever, it will not divulge or utilize to the
detriment of the Company any of such confidential or secret information so
obtained.
5. Termination
It is understood and agreed by and between the parties hereto that either
party may terminate this agreement in its entirety by giving the other party
written notice of termination.
Yours very truly,
SPORTSPRIZE ENTERTAINMENT INC.
Per: /s/ [Illegible]
--------------------------(signature)
/s/ [Illegible]
------------------(name - please print)
Authorized signatory
AGREED TO AND ACCEPTED
this 21st day of May, 1999
SONORA CAPITAL CORP.
Per: /s/ [Illegible]
-------------------------(signature)
/s/ [Illegible]
------------------(name - please print)
Authorized signatory
