Exhibit 10.3 Consulting Agreement and Assignment of Software Rights with
Xx. Xxxxxxx
Consulting Agreement Between:
xxxxxxxxxxxxxx.xxx Inc
0000 XX 0xxXxxxxxx
Xxxxx 000-X
Xxxx Xxxxxxxxxx, XX 00000
and
Xxxxx Xxxxxxx
0000 Xxxx Xxxxx xxxxx
Xxxx Xxxx. Xxxxxxx
00000
Effective Date October 15, 2000
xxxxxxxxxxxxxx.xxx (Hereafter known as Livermore) desire to enter into a
contract with Xxxxx Xxxxxxx. (Hereafter known as Xxxxxxx.)
XXXXXXX WILL: Design and write a software package that functions online-works
from the Internet designated website. The Livermore software package will follow
the trading principles as out lined in the two books below. This software will
simulate actual trading. The software will create a "Virtual Stock Market World"
that uses "Virtual Money" to avoid losing any real money, while allowing the
trader to feel like he is trading the market:
The first book was published in December of 1999 and is called:
"Xxxxx Xxxxxxxxx: World's Greatest Stock Trader"
written by Xxxxxxx Xxxxxxx and published by Traders Press.
The second book is to be called:
"How To Trade in Stocks" written by Xxxxx Xxxxxxxxx
with additional updates by Xxxxxxx Xxxxxxx.
This book is to be published by Traders Press.
In addition to the overall software trading program, Xxxxxxx will also design a
software online game format that will allow a subscriber to trade in a Virtual
Wall Street World using Virtual Money so they cannot lose money. This game will
be based on the "base software trading system."
Examples of some but not all of the expected program capability are attached
they include:
Timing:
1. Break outs to new highs with heavy volume.
2. Identifying Pivotal Points and Continuation Pivotal Points
3. Identifying One Day Reversals and Spikes
4. Identifying Breakouts From A Consolidating Base
5. Implement a System for Top Down Trading
6. System To Implement Tandem Trading
7. Identifying Direction of the Current Market
8. Identifying Leading Sectors
9. Identifying Leading Groups
10. Building Stock Universes
11. Pin pointing stocks that have had an increase in volume of more than 50% of
normal Volume.
Money Management
10. Portfolio/Probes Table
11. Stop Loss Notification
12. Overall Portfolio Management Table
The completion of the 12 points outlined above, plus any others that may be
agreed upon, will be completed, on a timely basis from the effective date and
these will be fully operational on the Internet at that time.
Livermore will:
1. Make an initial payment of $6,000 on the effective date outlined above.
2. Make a second payment of $6,000 on the completion of the entire job.
All rights, title and interests to the software will belong to: Livermore.
Signed: /s/ Xxxxx Xxxxxxx
For Livermore-Chairman
Date October 15, 2000
