CONSULTING AGREEMENT --------------------

                              CONSULTING AGREEMENT
                              --------------------

     CONSULTING  AGREEMENT  dated as of February 9, 2000 between WAMEX HOLDINGS,
INC.,  a New York corporation, ("WAMEX"), on the one hand, and M. XXXXXXX XXXXXX
("Xxxxxx"),  XXXXX  X.  XXXXXXXX  ("Xxxxxxxx"), and VI XXX ("Xxx"), on the other
hand.  Each  of Cutler, Lebrecht, and Xxx shall be referred to as a "Consultant"
and  collectively  as  the  "Consultants").

     WHEREAS:

     A.     Consultants have agreed to render consulting services with regard to
the  negotiation  and  completion  of  a  stock  exchange  between WAMEX and the
shareholders  of  Conchology,  Inc.,  a  Nevada  corporation  (the  "Conchology
Shareholders").

     B.     In  the  event WAMEX is able to complete the Stock Exchange with the
Conchology  Shareholders,  WAMEX  wishes  to  compensate  Consultants  for their
consulting  services.

     NOW  THEREFORE,  it  is  agreed:

     1.     Stock  Compensation.  WAMEX  shall  pay  and  cause  to be issued to
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Consultants,  or their assigns, a consulting fee of 100,000 shares of the common
stock of WAMEX (the "Shares") immediately upon the execution of a stock exchange
agreement  with  the Conchology Shareholders.  The parties hereto agree that the
value  of  such  Shares  shall be 50% of the average closing bid price for the 5
business  days  preceding  this  Agreement.  The  Shares  shall be issued in the
following  manner: 72,000 shares to Xxxxxx; 21,000 shares to Lebrecht; and 7,000
shares  to  Xxx.  Such  shares shall be subject to registration by WAMEX on Form
S-8,  at  WAMEX's  sole expense, within 5 days of closing on the Stock Exchange.

     2.     Miscellaneous.  This  Agreement (i) shall be governed by the laws of
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the  State  of  California;  (ii)  may be executed in counterparts each of which
shall  constitute  an  original;  (iii)  shall  be  binding upon the successors,
representatives, agents, officers and directors of the parties; and (iv) may not
be  modified  or  changed  except  in  a  writing  signed  by  all  parties.




     This  Consulting  Agreement  has  been  executed as of the date first above
written.


WAMEX  Holdings,  Inc.

/s/  Xxxxxxxx X. Xxxxxxx
___________________________________
By:     Xxxxxxxx  X.  Xxxxxxx
Its:     Chief  Executive  Officer


/s/  M. Xxxxxxx Xxxxxx                   /s/  Xxxxx X. Xxxxxxxx
___________________________________     ___________________________________
M.  Xxxxxxx  Xxxxxx                     Xxxxx  X.  Xxxxxxxx


/s/  Vi Xxx
___________________________________
Vi  Xxx