EXHIBIT 10.14
AGENT AGREEMENT
("Agreement")
Agreement dated 6 April, 1999 is between XXXXX.Xxx, herein referred to as
"BINGO" and Access World, Inc., herein known as "ACCESS".
OBJECTIVES:
Phase I Licensing and Setting Up Company Structure in Antigua for Internet
Gaming
BINGO hereby appoints ACCESS to act in the capacity of an independent
contractor: to create, develop and implement Phase I notes in this Agreement
1) DEFINITION
The relationship of ACCESS to BINGO shall be that of a consultant, herein
referred to, as "Consultant" as a third party representative and under no
circumstances shall Consultant contractually obligate BINGO to another third
party, unless otherwise specified in writing by BINGO.
Consultant shall engage in normal activities to implement the first phase as
noted below.
BINGO will provide timely and responsive telephone support to consultant.
2) CONFIDENTIALITY
ACCESS will sign a confidentiality and non-disclosure agreement to be provided
by BINGO and which shall be made a part of this Agreement.
PHASE I
Licensing and Setting Up Company Structure in Antigua
March 12, 1999 - April 30, 1999
BINGO will:
a. Provide ACCESS with the legal structure of the company so as to facilitate
the duties of ACCESS in a timely and professional manner and the imposed date of
April 30, 1999 for launch. This legal structure shall be provided in writing by
fax to (000) 000-0000.
ACCESS will assist in the following:
a. Legal Representation: Recommend an attorney in Antigua who is familiar with
the Internet Gaming Process;
b. Filing Corporate Document: Oversee the filing of IBC (International Business
Corporation(s) ) as required with said attorney;
c. Internet Gaming License: Assist in the filing and securing of the Internet
Gaming Licenses in the Antigua/Barbuda Free Trade Zone. This is to be completed
on or before April 30, 1999 with the condition that BINGO supply the necessary
structure and signed documents in a timely manner to meet the time constraints
for such licensing with the Antigua Commission. In the event this cannot be
accomplished due to delays on the part of BINGO, ACCESS will be held harmless
and receive compensation as outlined in this agreement;
[Initials]
d. Office Set Up: Locate and secure an office in the designated IBC name to
include office lease and office utilities, i.e. telephone, toll free telephone
service, electric, cleaning service;
e. Office Staff: Locate and employ part and/or full time management as per
requirements set by Stratford Internet; and
Compensation:
US$7,500 March 1999 (this has been wired as instructed).
US$7,500 April 1999 (this has been wired as instructed).
50,000 stock options in public company with symbol BIGG at the rate of $4.75 per
share (subject to regulatory regulations). The stock options shall vest to
ACCESS in 12 monthly installments in arrears (at the month end) or until the
date of termination. The stock options shall vest as to 2,500 stock options on
February 28, 1999, 12,500 stock options on March 31, 1999 and 12,500 stock
options on April 30, 1999 (subject to BINGO having the ability to accept xxxxxx
on April 30, 1999 but only if BINGO contracts with MPACT or WINR on or before
April 12, 1999 and MPACT or WINR accept BINGO as a client), and the balance of
22,500 stock options shall vest in 9 equal monthly installments in arrears (at
the month end) through the term of this Agreement or until the date of
termination. In the event of termination those stock options that remain
unvested will expire as at the date of termination.
4) EXPENSES
Office related day to day, incidental airfare, accommodations and travel
expenses shall be billed separately. Receipts shall be provided on all items in
excess of $10.00. BINGO shall reimburse ACCESS within 5 working days of
submission, wired as instructed.
5 (TERMINATION)
In the event that BINGO or ACCESS shall desire to terminate this Agreement each
shall give one to the other 30 days notice in writing.
6) NOTICES
All notices required or permitted under this and all subsequent agreements shall
be in writing and shall be deemed delivered when delivered in person or received
by postal mail, certified return receipt requested via overnight US or private
delivery service to the following addresses:
XXXXX.Xxx
Suite 000 - 000 Xxxxxxxxx Xxxxxx Xxxxxxxxx, X.X.
X0X 0X0
Attn: Xxx XxxXxx
Access World, Inc.
00 Xxxxxxxxxxxx Xxxxxx
Xxxxxx, Xxxxxxxxxxxx of Dominca, West Indies
Attn: Xxxxx Xxxxxxxx
Such addresses may be changed from time to time by either party by providing
notice in the manner set forth above.
7) INDEMNIFICATION
BINGO agrees to indemnify Consultant and hold Consultant harmless on account of
any liability that may arise by reason of the performance or non-performance of
any of BINGO actions. Consultant agrees to indemnify and
[Initials]
hold BINGO harmless on account of any liability, which may arise by reason of
the performance or non-performance of Consultant's actions.
8) ARBITRATION
In the event of a dispute between the parties, a mutually agreed independent
arbitrator from the American Arbitration Board in New York will be appointed.
Failing an agreement each party will choose a United States based arbitrator and
these two arbitrators will appoint an independent arbitrator whose decision will
be accepted by both parties. Any expenses will be borne by the non-prevailing
party. ACCESS shall continue to represent BINGO as outlined in this Agreement or
subsequent agreements and any and all compensation due and payable will continue
as set forth in this agreement until a determination has been decided by
arbitration.
9) EXECUTION OF AGREEMENT
This Agreement may be executed in one or more counterparts, each of which shall
be deemed an original, but all of which together shall constitute one in the
same instrument. A facsimile of the signatures of the parties will be deemed
originals and accepted by both parties until hard copies are exchanged.
10) ASSIGNMENT
This Agreement shall be binding on the heirs, successors and assigns of each
party hereto.
11) ENTIRE AGREEMENT
This Agreement supercedes all previous invitations, proposals, letters,
correspondence, negotiations, promises, agreements, covenants, conditions,
representations and warranties with respect to the subject matter of this
Agreement. There is no representation, warrantee, collateral term or condition
or collateral agreement affecting this Agreement, other that as expressed in
writing in this Agreement.
Agreed and Accepted By:
per /s/ [Illegible] 8/4/99
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Xxxxxx Xxxxxx, President Dated
For: XXXXX.xxx
Xxxxx 000 - 000 Xxxxxxxxx Xxxxxx
Xxxxxxxxx, X.X.
X0X 0X0
Agreed and Accepted By:
/s/ [Illegible] 8/4/99
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Access World, Inc. Dated
Xxx Xxxxxxx, Accredited Representative
Access World, Inc.
00 Xxxxxxx Xxxxxx
Xxxxxx, Xxxxxxxx, Xxxx Xxxxxx
Tel: (000) 000-0000
