CONSULTANT AGREEMENT
This Agreement states that eConnect, a Nevada
corporation ("Company"), is employing the services
of Xxxx Xxxxxx to consult and advise the Company
in the following areas:
European contacts.
The hourly rate charged by Xx. Xxxxxx is $100.00
per hour. Xx. Xxxxxx has elected to paid in
consultant stock rather than cash. The Board of
Directors of the Company has agreed to issue Xx.
Xxxxxx 333,000 shares of Company free trading
stock under Form S-8.
eConnect
By: /s/ Xxxxxx X. Xxxxxx
Date: August 16, 1999
Xxxxxx X. Xxxxxx, Chairman
and Chief Executive Officer
/s/ Xxxx Xxxxxx
Date: August 16, 1999
Xxxx Xxxxxx
Law Offices of
Xxxxx X. Xxxxxxx, a P.C.
0000 Xxxx Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxx, Xxxxxx 00000
August 27 1999
U.S. Securities and Exchange Commission
Division of Corporation Finance
000 Xxxxx Xxxxxx, X.X.
Xxxxxxxxxx, X.X. 00000
Re: eConnect - Form S-8
Dear Sir/Madame:
We have acted as counsel to eConnect, a Nevada
corporation ("Company"), formerly known as
Betting, Inc., in connection with its Registration
Statement on Form S-8 relating to the registration
of 1,083,000 shares of its common stock
("Shares"), $0.001 par value per Share. The
Shares are issuable pursuant to the Company's
Retainer Stock Plan for Non-Employee Directors and
Consultants ("Plan").
In our representation we have examined such
documents, corporate records, and other
instruments as we have deemed necessary or
appropriate for purposes of this opinion,
including, but not limited to, the Articles of
Incorporation, and all amendments thereto, and
Bylaws of the Company.
Based upon the foregoing, it is our opinion that
the Company is duly organized and validly existing
as a corporation under the laws of the State of
Nevada, and that the Shares, when issued and sold
in accordance with the terms of the Plan, will be
validly issued, fully paid, and non-assessable.
We hereby consent to the use of this opinion as an
exhibit to the Registration Statement.
Sincerely,
/s/ Xxxxx X.
Xxxxxxx
Xxxxx X.
Xxxxxxx, Esq.
