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EXHIBIT 10.3
2007 CONSULTANT STOCK COMPENSATION AGREEMENT
WITH
L. STEPHEN ALBRIGHT
CONSULTING & ADVISORY AGREEMENT
THIS AGREEMENT (the "agreement") is entered into as of 1st March
2007
by and between Electronic Game Card Inc (the "Company") and Mr.
L. Stephen
Albright (the "Consultant").
WHEREAS, the Company and Consultant mutually desire
continued
engagement by Company of Consultant to provide legal services
and advice to the
Company, as and when requested;
NOW THEREFORE, in consideration of the recitals, promises
and
conditions in this Agreement, the Company and the Consultant
agree as follows:
1. CONSULTING, ADVISORY AND LEGAL SERVICES
Company hereby retains Consultant to render legal advice,
consulting
and legal services to the Company as and when requested by the
Company.
2. TERM
The term of this Agreement shall be indefinite, subject to
termination
by either party for any reason, after shares issued to
Consultant have been
issued and registered.
3. COMPENSATION.
The Company shall continue to pay Consultant, Consultant's
customary
hourly fees, expenses and costs. In addition, Company will issue
Sixty Two
Thousand Five Hundred (62,500) shares of its common stock to
Consultant for an
aggregate value of approximately Twenty Thousand Dollars
($20,000) as of the
date hereof.
4. RELATIONSHIP OF PARTIES
For the purposes of the internal revenue code, this Agreement
shall not
constitute an employer-employee relationship. It is the
intention of each party
that Consultant shall be an independent contractor and not an
employee of the
Company. Consultant shall not have the authority to act as the
agent of the
Company except when such authority is specifically delegated to
Consultant by
the Company. Subject to the express provisions herein, the
manner and means
utilized by Consultant are at the discretion of the Consultant.
All compensation
paid to Consultant hereunder shall constitute earnings to
Consultant from
self-employment income.
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5. CONFIDENTIALITY
As a condition to the Consultant furnishing information and
advice
under this Agreement, the Company agrees to treat with the
strictest confidence
all such information ("Confidential Information") which is
furnished to the
Company, its directors, o
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