EXHBIT 10.1
SERVICE CONTRACT AGREEMENT BETWEEN HI-TEK MULTIMEDIA, INC.
AND INTERNET LOTO, INC. DATED OCTOBER 5, 2001
HI-TEK
.com
SERVICE CONTRACT AGREEMENT
This is a service agreement between HI-TEK Multimedia, Inc. (HI-TEK) and
Internet LOTO, Inc. (ILOTO), dated OCTOBER 5, 2001. HI-TEK, an innovative new
media marketing and technology company, proposes in Phase 1 (from July 1 -
December 31, 2001) to provide marketing, production and consulting services as
defined below:
PHASE I:
SERVICES CHARGES
1. MARKETING $150,000
A. Develop company name and identity
B. Design graphics, logo, letterhead, biz cards
C. Register Domain Names (xxxxxxxxXXXX.xxx, xxxxxxxxXXXX.xxx,
xxxxxxxxXXXX.xxx, XXXXxxxxxxxx.xxx, xxxXXXX.xxx) - 1 year
D. Acquired toll free phone numbers and domains 0000XXXX.xxx,
0-000-XXXX.xxx and 000XXXX.xxx (1 year)/0 (000) 000-0000
E. Application for Trademark/ Service xxxx internetLOTO(TM)
F. Develop initial marketing plan
2. PRODUCTION $185,000
A. Design web site (front end)
B. Content development
C. Design Flash animation
D. Design corporate presentation
E. Design CD-ROM presentation
F. Design Internet online presentation
G. Print corporate presentations
H. Print biz cards
I. Print letterhead
J. Host and maintain web sites
K. Set up email accounts
L. Set up email server
M. Set up web site server
N. Set up database server
O. Identify Internet gaming licenses (to be determined)
3. CONSULTING/INTERFACING WITH AMOEBA CORPORATION
A. Assist with Legal plan (file corporation)
B. Assist with developing Business plan
C. Research and analysis (Gaming and Lottery)
TOTAL CHARGES = $335,000
0000 Xxxxxx Xx., Xxxxx 000, Xxx Xxxxx, XX 00000 - USA,
Tel: (000) 000-0000 - Fax: (000) 000-0000
Payments due to HI-TEK for work completed may be paid in increments as funds are
received by ILOTO.
HI-TEK and ILOTO are entering this agreement with the full knowledge and
understanding that the principals of both companies are related and in fact the
same individuals. But those said principals desire to keep the business matters
completely separate and therefore enter this agreement. HI-TEK has needs and
other projects which are substantially different than that of ILOTO and it is
the desire to keep those interests separate.
It is agreed by both parties that they do not wish to engage in stock for
services as this will further entangle the parties. Therefore, it is agreed that
HI-TEK will be fully compensated at a commercial rate for its services. Although
it is acknowledge that these are below market value and provided by HI-TEK due
to the special relationship between the parties. It is understood that the
services may well be worth twice the charged price but are incorporated through
the principals.
Attached is the ILOTO projections and executive summary and the parties
incorporate that model for future work, which both parties agree to spend and
devote their best efforts to achieving. ILOTO reserves the right to revoke the
contract at anytime and HI-TEK agrees to accept reasonable accommodations to
modifications of said plan and projections.
HI-TEK does not have any proprietary right in any product for ILOTO. ILOTO owns
and has rights to all intellectual property matters and is hereby granted all
such rights.
It is the intent within this agreement to compensate HI-TEK for work completed
and work to be done in the future. HI- TEK will have no ownership rights in
ILOTO and ILOTO will have no ownership rights in HI-TEK.
HI-TEK warrants and represents that it has substantial ties with foreign
countries and that those ties will be used for the benefit of ILOTO. HI-TEK will
use it's best efforts to promote and market ILOTO but does not give up any
rights to market or cross market any other customer of HI-TEK.
Therefore, with the aforementioned prices and the references made in the
prospective business plan the parties hereby agree that HI-TEK will fulfill the
marketing needs of ILOTO in the future and be compensated as listed above for
past works done on behalf of ILOTO.
/S/ XXX XXXXXXX 10/5/01 /S/ XXXXXX XXXXXXX 10/5/01
--------------------------------------- -------------------------------------
Hi-Tek Multimedia, Inc. Date Internet LOTO, Inc. Date
0000 Xxxxxx Xx., Xxxxx 000, Xxx Xxxxx, XX 00000 - USA,
Tel: (000) 000-0000 - Fax: (000) 000-0000
