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EXHIBIT 10.11
CONSULTANT & ADVISORY AGREEMENT
WITH
MR. ANDREW JONES, CONSULTANT
CONSULTING & ADVISORY AGREEMENT
THIS AGREEMENT
(the "agreement") is entered into as of 29th day of
November 2007 by and between Electronic Game Card Inc (the "Company") and Mr
Andrew Jones, (the "Consultant") of 118 Rosemary Road, Poole,
Dorset BH12 3HE.
WHEREAS, the Company
is desirous of engaging the Consultant to consult
with it in software
design and development to support the Company's new product
innovations,
specifically the
further development of
the PRIZE MOBILE LIMITED
MOBILE PHONE REWARD BASED ADVERGAME BESPOKE SOFTWARE.
NOW THEREFORE,
in consideration of the recitals, promises and
conditions in this Agreement, the Company and the Consultant agree
as follows:
1.
CONSULTING & ADVISORY SERVICES
Company hereby
retains Consultant to render advice and
consulting to
the Company to assist
the Company to meet
its corporate
goals in new
product
development.
2.
TERM
The initial term of this consulting Agreement shall be for a period
of
six (6) months with an option to extend if satisfactory work has
been completed.
The term of Compensation shall be set out below.
3.
COMPENSATION OF CONSULTANT
The Company shall pay the Consultant (pound)125,000 (391,867 shares
based upon a price of
$0.644 per share) ON
successful conclusion
of the work
performed at the end of the initial term. Any fees to be paid in cash or
shares
in the Company at the closing market price ruling as of the date of
commencement
of this contract ( Shares to be issued under regulation S-8) as mutually
agreed
between the parties.
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
a
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