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EXHIBIT 10.2
[ADVANCED GAMING TECHNOLOGY LETTERHEAD]
LETTER AGREEMENT
dated the 29th day of January 1998
BETWEEN: ADVANCED GAMING TECHNOLOGY, INC. of
XX Xxx 0000, Xxxxx 0000 - 000 Xxxx Xxxxxxx Xxxxxx
Xxxxxxxxx, XX, Xxxxxx, X0X 0X0
hereinafter called "AGT"
AND: DR. R. XXXXXXX XXXXXX, M.D. of
0000 Xxxx Xxxxxx Xxx Xxxx
Xxx Xxxxx, Xxxxxx 00000
S.S.N. 144.40.9219
hereinafter called "Consultant"
WHEREAS, Dr. R. Xxxxxxx Xxxxxx acting as an independent Consultant has been
providing advise and assistance to the Company,
AND WHEREAS, Consultant is a prominent individual and has provided numerous
introductions to individuals and associates involved in the gaming industry who,
in turn, have provided assistance to AGT,
AND WHEREAS, AGT wishes to compensate Consultant for the services rendered
during 1996 and 1997,
NOW THEREFORE this Agreement witnesses that in consideration of mutual covenants
and agreements hereinafter contained, the Parties hereto agree as follows:
1.0 COMPENSATION: For services rendered in 1996 and 1997, Consultant is
hereby granted TWO HUNDRED FIFTY THOUSAND (250,000) COMMON SHARES of
AGT. Such shares are to be issued to Consultant pursuant to a S-8
Registration.
2.0 INDEPENDENT CONTACTOR: AGT and Consultant hereby acknowledge and
agree that the Consultant has acted as an independent contractor for
AGT and that nothing in this Agreement shall be construed to have
created a relationship of employer and employee, principal and
agent, partners or joint venturers between AGT and the Consultant.
3.0 GOVERNING LAW: This Agreement shall be governed by the laws of the
Province of British Columbia and the parties hereto irrevocably
attorn to the jurisdiction of the courts of the Province of British
Columbia.
4.0 NOTICES: All notices to one party to this Agreement by the other
shall be in writing and delivered as set out at the beginning of
this Agreement or to such other address as may be specified by one
party to the other in a notice given in the manner herein provided.
Any notice given in such manner shall be deemed to have been
received by the party to whom it is given on the day of
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delivery. Notice may be sent by way of facsimile to the business
offices of a party having a facsimile and such facsimile shall be
deemed to be delivered on the date following the date of
transmission.
5.0 This Agreement constitutes the entire agreement between the parties
hereto and, to be effective, any modification of this Agreement must
be in writing and singed by the party to be charged thereby.
IN WITNESS WHEREOF the parties hereto have executed this Letter Agreement
effective as of the day and date first above written.
CONSULTANT ADVANCED GAMING TECHNOLOGY, INC.
/s/ DR. R. XXXXXXX XXXXXX [SIG]
--------------------------------- -----------------------------------------
Dr. R. Xxxxxxx Xxxxxx Authorized Signatory
(The remainder of this page has purposely been left blank).
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