EX-10.11 CONSULTING AGREEMENT AMENDMENT Reference is made to that certain Consulting Agreement (the "Agreement")dated September 1,2003 between DATAMEG CORP., a New York Corporation duly organized under law and having an usual place of business at...

EX-10.11


CONSULTING AGREEMENT  AMENDMENT


Reference is made to that certain Consulting Agreement (the "Agreement")dated
September 1,2003 between

DATAMEG CORP., a New York Corporation duly organized under law and having an
usual place of business at XXXXXXXXXXXXX, Xxxxxx, XX 00000,

Attn: Xxxxxx Xxxxxx, President (hereinafter referred to as the "COMPANY")

and XXXXXX XXXXXX of XXXXXXXXXX,  Virginia,
(hereinafter referred to as the "CONSULTANT").

The Company wishes to extend the Agreement as of December 1, 2003 (the
"Effective Date") whereby the Consultant will continue to provide
specific business and management expertise and direction for the Company
upon the terms and conditions contained in this Agreement. 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 as follows:

1. TERM.

   Commencing as of the Effective Date, and continuing for a period
   of five (5) months (the "Term").

2. CONSULTING FEE AND OPTIONS.

   (a)   Subject to the provisions hereof, during the Term, the
         Company shall pay Consultant, monthly in arrears, a consulting
         fee at the monthly rate of Twenty Thousand Dollars ($20,000.00)
         (the "Consulting Fee").

   (b)  In addition to the Consulting Fee, and subject to the terms hereof, the
        Consultant is hereby granted a Non-Qualified Stock Option Grant to
        purchase Two Million Five Hundred Thousand (2,500,000) shares of the
        Company's Common Capital Stock (the "Option") vesting monthly, in
        arrears, at the rate of Two Hundred Fifty Thousand (250,000) options per
        month at a strike price of Fourteen ($0.14) Cents per share and
        otherwise, in accordance with the terms and conditions of the Company's
        Stock Option Plan (the "Plan") and Stock Option Grant Agreement (the
        "Grant Agreement").

All other terms and conditions of the Agreement remain unchanged.





DATAMEG CORP.



                                   By:
                                   Xxxxxx Xxxxxx, President
                                   Hereunto Duly Authorized
CONSULTANT:



                                   Xxxxxx Xxxxxx