EX-10.3
from 10SB12G
1 page
This Agreement Was Made on August 12, 1999 and Replaces Any Previous Contracts. Between: 649.com, Inc, ('Abet') Abet Is a Public Company Listed on the Otc Bulletin Board. And: Brandon Moase ('Bm') as Consultant. Bm Is a Resident of British Columbia Abet Is Prepared to Have Bm as the Vp Operations Under the Following Terms and Conditions: 1. Term and Starting Date: The Initial Term Is 12 Months Starting August 13, 1999. Renewable Terms and Conditions Subject to Board Approval. 2. Compensation: A) Base Salary of $6,000 (Canadian)/Monthly Paid By-Monthly. B) Signing Bonus of 250,000 Shares of Abet to Be Awarded Bm or His Nominee. These Shares to Be Released to Bm According to SEC Regulations, C) Stock Options: In Addition, Bm to Be Awarded Options to Purchase an Additional 250,000 Shares at 50 Cents (US)/Share (Option Good for 2 Years) D) Out of Pocket Costs to Be Reimbursed, at Cost to Bm on a Monthly Basis, E) the 250,000 Share Stock Option Can Only Be Exercised After the 12th Month and Only if Bm Has Remained a Consultant for That Period. F) the 250,000 Bonus Shares Are Awarded as Follows: 120,000 Shares March 1, 2000 and 15,000 Shares Per Month, Thereafter, for a Total of 180,000 Over 12 Months With an Additional 70,000 Shares Due at the End of the 12-Month Period. 3. Duties: A) Nominated to the Board of Abet as Director. Agreed: Signed: August 12, 1999 August 12, 1999 /S/ Brandon Moase /S/ Lawrence P Burbidge Brandon Moase 649.com, Inc., Lawrence P Burbidge, President and CEO
12/34/56
