EXHIBIT 10.14
Agreement between 724 Solutions Inc. and Sonoma Mountain Ventures
Sonoma currently provides, upon the Registrant's request, strategic planning
advice in connection with the Registrant's customer services. The consulting
arrangement is for a two year term ending in August 2001. This agreement is
terminable at will by the Company. The Registrant has orally agreed that
Sonoma will receive a monthly fee of approximately $34,000. The Registrant
has also issued to Sonoma options to purchase an aggregate of 48,000 of the
Registrant's common shares at $1.71 per share. These options have vested at
the rate of 2,000 shares per month since September 1999, and terminate in
August 2009.
The Registrant has not yet entered into a written agreement with Sonoma,
expects to do so before the end of the first quarter of 2000.
