EXHIBIT 10.3
AMENDMENT to CONSULTING AGREEMENT signed 9
th March 2007 between the Company
and the Consultant
This Amendment (the "Amendment") is made and
entered into effective as of the 3 rd day of September,
2007 (the "Effective Date"), between MOBIVENTURES INC , a
Nevada corporation, (the "Company") and Nigel Nicholas (the
“Consultant”). The following paragraphs are changed or
added.
2. ENGAGEMENT AS A CONSULTANT
The Company hereby engages the Consultant as a
consultant to provide the services of the Consultant in accordance
with the terms and conditions of this Agreement and the Consultant
hereby accepts such engagement. The Consultant will also act as the
Company’s Director of Operations.
4. CONSULTANT SERVICES
4.2 The Consultant
shall devote 100% of his or her business time, attention and
energies to the business affairs of the Company as may be
reasonably necessary for the provision of the Consulting Services
except for the other interests listed below, vacation time and
reasonable periods of absence due to sickness. The Company
recognizes and agrees to the Consultant continuing with the
following specific business interests:
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Non Executive Director of Evolution Mobile Platform (EMP)
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Financial Director of Airborne Networks Limited.
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A shareholding of 30% in Mobirent
The Consultant shall be entitled to twenty five
(25) days of vacation allowance each year, which shall accrue at
the rate of six and a quarter (6.25) days per calendar quarter, but
may be used in advance of accrual.
5. CONSULTANT FEE
5.1 During the
term of this Agreement and in consideration for the provision of
the Consulting Services, the Company will:
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(a) |
pay the Consultant a consultant fee equal to
£50,000/year during the term of this Agreement divided into
monthly payments payable within 5 business days of the end of each
month for the prior months consulting work. In addition to this the
Company will pay the Consultant a one time non refundable retainer
of £7,530
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(b) |
is removed
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(c) |
grant to the Consultant a total of 600,000 stock
warrants of the shares
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