Exhibit 10.04
AGREEMENT FOR
INDEPENDENT CONTRACTOR SERVICES
DATE: July
7, 2004
I.
PARTIES
-------
Schimatic Cash Transactions Network.com, Inc. dba Smart Chip
Technologies,
hereinafter "Company." and
Bernard F. McHale, hereinafter called "Contractor,"
hereby enter into this Agreement for Independent Contractor
Services,
hereinafter "Agreement," effective July 1, 2004.
II.
ENGAGEMENT OF CONTRACTOR
------------------------
Company hereby engages Contractor, and Contractor accepts
engagement, to provide
to Company the following services:
Treasurer and Director. Mr. Bernard F. McHale will serve as
Director and
Treasurer of the SCTN Board of Directors and will perform all the
services of a
Director and Treasurer in accordance with the By-Laws of the
Company and as
directed by the Board, including, but not limited to, fund raising
and executive
financial management of SCTN. He will assist in establishing and
enforcing
financial controls, installing business planning, and building
business
operations. Contractor will also assist other officers or directors
of the
company concerning "special projects" as designated to him from
time to time by
the Board of Directors.
III. TERM
OF ENGAGEMENT
------------------
This Agreement shall be for three (3) years term commencing on July
7, 2004 and
ending July 6, 2007, unless terminated sooner by the Board of
Directors.
IV.
WORKPLACE AND HOURS
-------------------
Contractor shall render services primarily at his home office and
at the
Company's Corporate Office. However, upon request, Contractor shall
provide the
services at such other place or places as reasonably requested by
Company as
appropriate for the performance of particular services.
Contractor's schedule and hours worked under this Agreement shall
generally be
<PAGE>
Bernard McHale Contractor Agreement (Cont.)
Page 2
--------------------------------------------------------------------------------
subject to Contractor's discretion. Company relies upon
Contractor's discretion
to determine a sufficient time as is reasonably necessary to
fulfill this
Agreement.
V.
COMPENSATION
------------
Company shall pay Contractor two thousand five hundred dollars
($2,500) per
month, paid as the Company's cash flow permits. If there is not
enough to pay
salaries, the Board of Directors will determine how salaries are
paid.
Company shall bear all of Contractor's pre-approved expenses
incurred in the
performance of this Agreement.
VI.
CONFIDENTIALITY
---------------
"Confidential Information" for the purposes
