Document:

<PAGE>

                                                                   Exhibit 10.11

THIS PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT RELATES TO AN OFFERING OF
SECURITIES IN AN OFFSHORE TRANSACTION TO PERSONS WHO ARE NOT U.S. PERSONS (AS
DEFINED HEREIN) PURSUANT TO REGULATION S UNDER THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED (THE "1933 ACT").

NONE OF THE SECURITIES TO WHICH THIS PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT
(THE "SUBSCRIPTION AGREEMENT") RELATES HAVE BEEN REGISTERED UNDER THE 1933 ACT,
OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, NONE MAY BE
OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OR TO U.S. PERSONS
(AS DEFINED HEREIN) EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S
UNDER THE 1933 ACT, PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
1933 ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT
SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY
IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS.

                   PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT
                        (Foreign/Overseas Subscribers)

TO:       e-commerce group, inc. (the "Company")
          3675 Pecos-McLeod, Suite 1400
          Las Vegas, Nevada  89121-3881

                              Issuance of Shares
                              ------------------

WHEREAS:

A.        The Company has received corporate consulting, assistance with the
development of the Company, structuring assistance, and financial services (the
"Services") from S.C. Management Ltd., a Bahamian corporation (the
"Subscriber");

B.        The Company has agreed to issue 300,000 common shares in the capital
of the Company (the "Shares") to the Subscriber in consideration for the
Services and acknowledges that the Services have been received; and

C.        The Company and the Subscriber have entered into a registration rights
agreement dated as of the date hereof in regards to registration of the Shares.

NOW THEREFORE the parties agree as follows:

1.        Subscription
          ------------

1.1       The Subscriber hereby irrevocably subscribes for the Shares (such
subscription and agreement to purchase being the "Subscription"), which Shares
have been agreed to be paid in consideration for the Services provided to the
Company, on the basis of the representations and warranties and subject to the
terms and conditions set forth herein.

1.2       The Company hereby irrevocably agrees to issue to the Subscriber the
Shares, on the basis of the representations and warranties and subject to the
terms and conditions set forth herein.

1.3       Subject to the terms hereof, the Subscription will be effective upon
its acceptance by the Company.

2.        Documents Required from Subscriber
          ----------------------------------

2.1       The Subscriber must complete, sign and return to the Company two (2)
executed copies of this Subscription Agreement.
<PAGE>

                                      -2-

2.2       The Subscriber shall complete, sign and return to the Company as soon
as possible, on request by the Company, any documents, questionnaires, notices
and undertakings as may be required by regulatory authorities, stock exchanges
and applicable law.

3.        Closing
          -------

3.1       Closing of the offering of the Shares (the "Closing") shall occur on
or before August 31, 2000, or on such other date as may be determined by the
Company (the "Closing Date").

4.        Acknowledgements of Subscriber
          ------------------------------

4.1       The Subscriber acknowledges and agrees that:

     (a)  none of the Shares have been registered under the 1933 Act, or under
          any state securities or "blue sky" laws of any state of the United
          States, and, unless so registered, may not be offered or sold in the
          United States or, directly or indirectly, to U.S. Persons, as that
          term is defined in Regulation S under the 1933 Act ("Regulation S"),
          except in accordance with the provisions of Regulation S, pursuant to
          an effective registration statement under the 1933 Act, or pursuant to
          an exemption from, or in a transaction not subject to, the
          registration requirements of the 1933 Act;

     (b)  the Subscriber acknowledges that the Company has not undertaken, and
          will have no obligation, to register any of the Shares under the 1933,
          other than as described herein;

     (c)  the decision to execute this Subscription Agreement and subscribe for
          the Shares agreed to be subscribed for hereunder has not been based
          upon any oral or written representation as to fact or otherwise made
          by or on behalf of the Company and such decision is based entirely
          upon a review of any public information which has been filed by the
          Company with the SEC in compliance, or intended compliance, with
          applicable securities legislation. If the Company has presented a
          business plan to the Subscriber, the Subscriber acknowledges that the
          business plan may not be achieved or be achievable;

     (d)  by execution hereof the Subscriber has waived the need for the Company
          to communicate its acceptance of the subscription for the Shares
          pursuant to this Subscription Agreement;

     (e)  the Company is entitled to rely on the representations and warranties
          and the statements and answers of the Subscriber contained in this
          Subscription Agreement, and the Subscriber will hold harmless the
          Company from any loss or damage it or they may suffer as a result of
          the Subscriber's failure to correctly complete this Subscription
          Agreement;

     (f)  it will indemnify and hold harmless the Company and, where applicable,
          its respective directors, officers, employees, agents, advisors and
          shareholders from and against any and all loss, liability, claim,
          damage and expense whatsoever (including, but not limited to, any and
          all fees, costs and expenses whatsoever reasonably incurred in
          investigating, preparing or defending against any claim, lawsuit,
          administrative proceeding or investigation whether commenced or
          threatened) arising out of or based upon any representation or
          warranty of the Subscriber contained herein or in any document
          furnished by the Subscriber to the Company in connection herewith
          being untrue in any material respect or any breach or failure by the
          Subscriber to comply with any covenant or agreement made by the
          Subscriber to the Company in connection therewith;

     (g)  it has been advised to consult its own legal, tax and other advisors
          with respect to the merits and risks of an investment in the Shares
          and with respect to applicable resale restrictions and it is solely
          responsible (and the Company is not in any way responsible) for
          compliance with applicable resale restrictions;

     (h)  none of the Shares are listed on any stock exchange or automated
          dealer quotation system and no representation has been made to the
          Subscriber that any of the Shares will become listed on any stock
          exchange or automated dealer quotation system, except the non-NASDAQ
          Over the Counter Bulletin Board in the United States (the "OTCBB");

     (i)  it is outside the United States when receiving and executing this
          Subscription Agreement and is acquiring the Shares as principal for
          its own account, for investment purposes only, and not with a view to,
          or for, resale, distribution or
<PAGE>

                                      -3-

          fractionalization thereof, in whole or in part, and no other person
          has a direct or indirect beneficial interest in such Shares;

     (j)  none of the Shares may be offered or sold to a U.S. Person or for the
          account or benefit of a U.S. Person (other than a distributor) prior
          to the end of the Restricted Period (as defined herein);

     (k)  neither the SEC nor any other securities commission or similar
          regulatory authority has reviewed or passed on the merits of the
          Shares;

     (l)  the issuance of the Shares to the Subscriber will not be completed if
          it would be unlawful or if, in the discretion of the Company acting
          reasonably, it is not in the best interests of the Company;

     (m)  the statutory and regulatory basis for the exemption claimed for the
          offer and sale of the Shares, although in technical compliance with
          Regulation S, would not be available if the offering is part of a plan
          or scheme to evade the registration provisions of the 1933 Act; and

     (n)  this Subscription Agreement is not enforceable by the Subscriber
          unless it has been accepted by the Company.

5.        Representations, Warranties and Covenants of the Subscriber
          -----------------------------------------------------------

5.1       The Subscriber hereby represents and warrants to and covenants with
the Company (which representations, warranties and covenants shall survive the
Closing) that:

     (a)  it is not a U.S. Person;

     (b)  it is not acquiring the Shares for the account or benefit of, directly
          or indirectly, any U.S. Person;

     (c)  it is acquiring the Shares for investment only and not with a view to
          resale or distribution and, in particular, it has no intention to
          distribute either directly or indirectly any of the Shares in the
          United States or to U.S. Persons;

     (d)  it is outside the United States when receiving and executing this
          Subscription Agreement and is acquiring the Shares as principal for
          its own account, for investment purposes only, and not with a view to,
          or for, resale, distribution or fractionalization thereof, in whole or
          in part, and no other person has a direct or indirect beneficial
          interest in such Shares;

     (e)  the Subscriber has the legal capacity and competence to enter into and
          execute this Subscription Agreement and to take all actions required
          pursuant hereto and, if the Subscriber is a corporation, it is duly
          incorporated and validly subsisting under the laws of its jurisdiction
          of incorporation and all necessary approvals by its directors,
          shareholders and others have been obtained to authorize execution and
          performance of this Subscription Agreement on behalf of the
          Subscriber;

     (f)  the entering into of this Subscription Agreement and the transactions
          contemplated hereby do not result in the violation of any of the terms
          and provisions of any law applicable to, or the constating documents
          of, the Subscriber or of any agreement, written or oral, to which the
          Subscriber may be a party or by which the Subscriber is or may be
          bound;

     (g)  the Subscriber has duly executed and delivered this Subscription
          Agreement and it constitutes a valid and binding agreement of the
          Subscriber enforceable against the Subscriber;

     (h)  it is not an underwriter of, or dealer in, the common shares of the
          Company, nor is the Subscriber participating, pursuant to a
          contractual agreement or otherwise, in the distribution of the Shares;

     (i)  it understands and agrees that none of the Shares have been registered
          under the 1933 Act, or under any state securities or "blue sky" laws
          of any state of the United States, and, unless so registered, may not
          be offered or sold in the United States or, directly or indirectly, to
          U.S. Persons except in accordance with the provisions of Regulation
<PAGE>

                                       -4-

          S, pursuant to an effective registration statement under the 1933 Act,
          or pursuant to an exemption from, or in a transaction not subject to,
          the registration requirements of the 1933 Act;

     (j)  it understands and agrees that offers and sales of any of the Shares
          prior to the expiration of a period of one year after the date of
          original issuance of the Shares (the "Restricted Period") shall only
          be made in compliance with the safe harbor provisions set forth in
          Regulation S, pursuant to the registration provisions of the 1933 Act
          or an exemption therefrom, and that all offers and sales after the
          Restricted Period shall be made only in compliance with the
          registration provisions of the 1933 Act or an exemption therefrom;

     (k)  it understands and agrees not to engage in any hedging transactions
          involving any of the Shares unless such transactions are in compliance
          with the provisions of the 1933 Act;

     (l)  it understands and agrees that the Company will refuse to register any
          transfer of the Shares not made in accordance with the provisions of
          Regulation S, pursuant to an effective registration statement under
          the 1933 Act or pursuant to an available exemption from the
          registration requirements of the 1933 Act;

     (m)  it (i) is able to fend for itself in the Subscription; (ii) has such
          knowledge and experience in business matters as to be capable of
          evaluating the merits and risks of its prospective investment in the
          Shares; and (iii) has the ability to bear the economic risks of its
          prospective investment and can afford the complete loss of such
          investment;

     (n)  if it is acquiring the Shares as a fiduciary or agent for one or more
          investor accounts, it has sole investment discretion with respect to
          each such account and it has full power to make the foregoing
          acknowledgments, representations and agreements on behalf of such
          account;

     (o)  it understands and agrees that the Company and others will rely upon
          the truth and accuracy of the acknowledgments, representations and
          agreements contained in sections 4 and 5 hereof and agrees that if any
          of such acknowledgments, representations and agreements are no longer
          accurate or have been breached, it shall promptly notify the Company;

     (p)  it acknowledges that it has not acquired the Shares as a result of,
          and will not itself engage in, any "directed selling efforts" (as
          defined in Regulation S under the 1933 Act) in the United States in
          respect of any of the Shares which would include any activities
          undertaken for the purpose of, or that could reasonably be expected to
          have the effect of, conditioning the market in the United States for
          the resale of any of the Shares; provided, however, that the
          Subscriber may sell or otherwise dispose of any of the Shares pursuant
          to registration of any of the Shares pursuant to the 1933 Act and any
          applicable state securities laws or under an exemption from such
          registration requirements and as otherwise provided herein;

     (q)  the Subscriber is not aware of any advertisement of any of the Shares;

     (r)  no person has made to the Subscriber any written or oral
          representations:

          (i)   that any person will resell or repurchase any of the Shares;

          (ii)  that any person will refund the purchase price of any of the
                Shares;

          (iii) as to the future price or value of any of the Shares; or

          (iv)  that any of the Shares will be listed and posted for trading on
                any stock exchange or automated dealer quotation system or that
                application has been made to list and post any of the Shares of
                the Company on any stock exchange or automated dealer quotation
                system, other than the OTCBB.

5.2       In this Subscription Agreement, the term "U.S. Person" shall have the
meaning ascribed thereto in Regulation S.
<PAGE>

                                      -5-

6.        Acknowledgement and Waiver
          --------------------------

6.1       The Subscriber has acknowledged that the decision to subscribe for the
Shares was solely made on the basis of publicly available information.  The
Subscriber hereby waives, to the fullest extent permitted by law, any rights of
withdrawal, rescission or compensation for damages to which the Subscriber might
be entitled in connection with the distribution of any of the Shares.

7.        Legending and Registration of Subject Shares
          --------------------------------------------

7.1       The Subscriber hereby acknowledges that a legend may be placed on the
certificates representing any of the Shares to the effect that the Shares
represented by such certificates are subject to a hold period and may not be
traded until the expiry of such hold period except as permitted by applicable
securities legislation.

7.2  The Subscriber hereby acknowledges and agrees to the Company making a
notation on its records or giving instructions to the registrar and transfer
agent of the Company in order to implement the restrictions on transfer set
forth and described in this Subscription Agreement.

8.        Costs
          -----

8.1       The Subscriber acknowledges and agrees that all costs and expenses
incurred by the Subscriber (including any fees and disbursements of any special
counsel retained by the Subscriber) relating to the purchase of the Shares shall
be borne by the Subscriber.

9.        Governing Law
          -------------

9.1       This Subscription Agreement is governed by the laws of the State of
Nevada and the federal laws of the United States applicable herein. The
Subscriber, in its personal or corporate capacity and, if applicable, on behalf
of each beneficial purchaser for whom it is acting, irrevocably attorns to the
jurisdiction of the State of Nevada.

10.       Survival
          --------

10.1      This Subscription Agreement, including without limitation the
representations, warranties and covenants contained herein, shall survive and
continue in full force and effect and be binding upon the parties hereto
notwithstanding the completion of the purchase of the Shares by the Subscriber
pursuant hereto.

11.       Assignment
          ----------

11.1      This Subscription Agreement is not transferable or assignable.

12.       Execution
          ---------

12.1      The Company shall be entitled to rely on delivery by facsimile machine
of an executed copy of this Subscription Agreement and acceptance by the Company
of such facsimile copy shall be equally effective to create a valid and binding
agreement between the Subscriber and the Company in accordance with the terms
hereof.

13.       Severability
          ------------

13.1      The invalidity or unenforceability of any particular provision of this
Subscription Agreement shall not affect or limit the validity or enforceability
of the remaining provisions of this Subscription Agreement.

14.       Entire Agreement
          ----------------

14.1      Except as expressly provided in this Subscription Agreement and in the
agreements, instruments and other documents contemplated or provided for herein,
this Subscription Agreement contains the entire agreement between the parties
with
<PAGE>

                                      -6-

respect to the sale of the Shares and there are no other terms, conditions,
representations or warranties, whether expressed, implied, oral or written, by
statute or common law, by the Company or by anyone else.

15.       Notices
          -------

15.1      All notices and other communications hereunder shall be in writing and
shall be deemed to have been duly given if mailed or transmitted by any standard
form of telecommunication.  Notices to the Subscriber shall be directed to the
address on page 2 and notices to the Company shall be directed to 3675 Pecos-
McLeod, Suite 1400, Las Vegas, Nevada, 89121-3881, Attention: The President.

16.       Counterparts
          ------------

16.1      This Subscription Agreement may be executed in any number of
counterparts, each of which, when so executed and delivered, shall constitute an
original and all of which together shall constitute one instrument.

IN WITNESS WHEREOF the Subscriber has duly executed this Subscription Agreement
as of the date first above mentioned.

DELIVERY INSTRUCTIONS
---------------------

1.   Delivery - please deliver the certificates to:

     ___________________________________________________________________________

     ___________________________________________________________________________

2.   Registration - registration of the certificates which are to be delivered
     at closing should be made as follows:

     ___________________________________________________________________________
     (name)

     ___________________________________________________________________________
     (address)

3.   The undersigned hereby acknowledges that it will deliver to the Company all
     such additional completed forms in respect of the Subscriber's purchase of
     the Shares as may be required for filing with the appropriate securities
     commissions and regulatory authorities.

                            ____________________________________________________
                            (Name of Subscriber - Please type or print)

                            ____________________________________________________
                            (Signature and, if applicable, Office)

                            ____________________________________________________
                            (Address of Subscriber)

                            ____________________________________________________
                            (City, State or Province, Postal Code of Subscriber)

                            ____________________________________________________
                            (Country of Subscriber)
<PAGE>

                                      -7-

                              A C C E P T A N C E

The above-mentioned Subscription Agreement in respect of the Shares is hereby
accepted by e-commerce group, inc..

DATED at London, U.K., the 10th day of August, 2000.

e-commerce group, inc.

Per: /s/ Tony Arnold
     --------------------------
     Authorized Signatory<PAGE>

                                                                   Exhibit 10.12

          THIS AGREEMENT is made effective as of the 10th day of August, 2000

BETWEEN:

          E-COMMERCE GROUP, INC.
          ----------------------
          3675 Pecos McLeod, Suite 1400
          Las Vegas, Nevada
          89121 - 3881

          (hereinafter referred to as the "Company")

                                                               OF THE FIRST PART

AND:

          S.C. MANAGEMENT LTD.
          --------------------
          Suite L, King's Court
          Nassau, Bahamas

          (hereinafter referred to as the "Contractor")

                                                              OF THE SECOND PART

WHEREAS the Company desires to retain the Contractor to assist the Company in
the areas of strategic development, and corporate consulting and the Contractor
has agreed to so assist the Company on the terms and conditions of this
Agreement.

          NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the
mutual covenants and promises set forth herein, and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged by
each, the parties hereto agree as follows:

                                   ARTICLE 1
                    APPOINTMENT AND AUTHORITY OF CONTRACTOR

1.1       Appointment of Contractor
          -------------------------

          The Company hereby appoints the Contractor to perform certain services
for the benefit of the Company as hereinafter set forth, and the Company hereby
authorizes the Contractor to exercise such powers as provided under this
Agreement.  The Contractor accepts such appointment on the terms and conditions
herein set forth.
<PAGE>

                                      -2-

1.2       Authority of Contractor
          -----------------------

          The Contractor shall have no right or authority, express or implied,
to commit or otherwise obligate the Company in any manner whatsoever except to
the extent specifically provided herein or specifically authorized in writing by
the Company.

1.3       Independent Contractor
          ----------------------

          In performing its services hereunder, the Contractor shall be an
independent contractor and not an employee or agent of the Company, except that
the Contractor shall be the agent of the Company solely in circumstances where
the Contractor must be the agent to carry out its obligations as set forth in
this Agreement.  Nothing in this Agreement shall be deemed to require the
Contractor to provide its services exclusively to the Company and the Contractor
hereby acknowledges that the Company is not required and shall not be required
to make any remittances and payments required of employers by statute on the
Contractor's behalf and the Contractor or any of its agents or employees shall
not be entitled to the fringe benefits provided by the Company to its employees.

1.4       Subcontracting
          --------------

          In performing its services hereunder, the Contractor shall be at
liberty to subcontract or assign any of its obligations as set forth in this
Agreement to third party contractors or assignees, provided that the Contractor
shall remain responsible to the Company for such services performed.

                                   ARTICLE 2
                            CONTRACTOR'S AGREEMENTS

2.1       General
          -------

          The services to be provided by the Contractor for the Company shall
include the following in relation to the Company's desire to expand its
business:

     (a)  assisting the Company in its strategic planning and development;

     (b)  providing the Company with advice in connection with the raising of
          capital and the Company's affairs generally;

     (c)  identifying potential merger and acquisition targets for the Company
          and assisting the Company in negotiating and consummating
          acquisitions, for which a 5% finder's fee will be payable;

     (d)  implementing or causing to be implemented decisions of the Company in
          accordance with and as limited by this Agreement;

     (e)  providing such other services as the Company may reasonably request;
<PAGE>

                                      -3-

and in so assisting the Company, the Contractor shall at all times be subject to
the direction of the Company and shall keep the Company informed as to all
matters concerning the Contractor's activities.

2.2       Expense Statements
          ------------------

          The Contractor shall on or before the 15th day of each calendar month
during the term hereof, or if a Saturday, Sunday or holiday the next following
business day, render to the Company an itemized statement and accounting for the
previous calendar month, together with such supporting documents as and when the
Company may reasonably require, of all expenses which the Company is obligated
by this Agreement to reimburse.

          The Contractor may incur expenses in the name of the Company up to an
amount per month as agreed in advance by the Company, such expenses to relate
solely to the carrying out of the Contractor's duties hereunder.  The Contractor
will immediately forward all invoices for expenses incurred on behalf of and in
the name of the Company and the Company agrees to pay said invoices directly on
a timely basis.

                                   ARTICLE 3
                             COMPANY'S AGREEMENTS

3.1       Compensation of Contractor
          --------------------------

          As compensation for the services rendered by the Contractor pursuant
to this Agreement, the Company shall issue to the Contractor, or as directed by
the Contractor, options to purchase 200,000 common shares in the capital of the
Company (the "Options") with the options to be issued and vest as follows:

     (a)  100,000 Options to be issued on January 1, 2001, vesting immediately
          thereafter, and exercisable at the price of US$2.00 per share from the
          date of issuance; and

     (b)  100,000 Options to be issued on January 1, 2002, vesting immediately
          thereafter and exercisable at the price of US$2.50 per share from the
          date of issuance.

3.2       Expiration of Options
          ---------------------

          The Options shall expire five years from the date of issuance.

3.3       Indemnity by Company
          --------------------

          The Company hereby agrees to indemnify, defend and hold harmless the
Contractor from and against any and all claims, demands, losses, actions,
lawsuits and other proceedings, judgments and awards, and costs and expenses
(including reasonable legal fees), arising directly or indirectly, in whole or
in part, out of any matter related to any action taken by the Contractor within
the scope of its duties or authority hereunder, excluding only such of the
foregoing as arise from the fraudulent, gross negligence, reckless or wilful act
or omission of the Contractor, its officers, directors, agents or employees or
as arise in respect of the Contractor's
<PAGE>

                                      -4-

office overhead or the Contractor's general administrative expenses, and the
provisions of this Section 3.3 shall survive termination of this Agreement.

                                   ARTICLE 4
                      ACKNOWLEDGEMENTS OF THE CONTRACTOR

4.1       The Contractor acknowledges and agrees that:

     (a)  none of the Securities have been registered under the United States
          Securities Act of 1933 (the "1933 Act"), or under any state securities
          or "blue sky" laws of any state of the United States, and, unless so
          registered, may not be offered or sold in the United States or,
          directly or indirectly, to U.S. Persons, as that term is defined in
          Regulation S under the 1933 Act ("Regulation S"), except in accordance
          with the provisions of Regulation S, pursuant to an effective
          registration statement under the 1933 Act, or pursuant to an exemption
          from, or in a transaction not subject to, the registration
          requirements of the 1933 Act;

     (b)  the Contractor acknowledges that the Company has undertaken, and is
          obligated, to register the Securities under the 1933 Act pursuant to a
          Registration Rights Agreement dated as of the above date between the
          Company and the Contractor;

     (c)  the decision to execute this Agreement and subscribe for the
          Securities agreed to be issued hereunder has not been based upon any
          oral or written representation as to fact or otherwise made by or on
          behalf of the Company and such decision is based entirely upon a
          review of any public information which has been filed by the Company
          with the SEC in compliance, or intended compliance, with applicable
          securities legislation. If the Company has presented a business plan
          to the Contractor, the Contractor acknowledges that the business plan
          may not be achieved or be achievable;

     (d)  by execution hereof the Contractor has waived the need for the Company
          to communicate its acceptance of the subscription for the Securities
          pursuant to this Agreement;

     (e)  the Company is entitled to rely on the representations and warranties
          and the statements and answers of the Contractor contained in this
          Agreement, and the Contractor will hold harmless the Company from any
          loss or damage it or they may suffer as a result of the Contractor's
          failure to correctly complete this Agreement;

     (f)  it will indemnify and hold harmless the Company and, where applicable,
          its respective directors, officers, employees, agents, advisors and
          shareholders from and against any and all loss, liability, claim,
          damage and expense whatsoever (including, but not limited to, any and
          all fees, costs and expenses whatsoever reasonably incurred in
          investigating, preparing or defending against any claim, lawsuit,
          administrative proceeding or investigation whether commenced or
          threatened) arising out of or based upon any representation or
          warranty of the Contractor contained herein or in any document
          furnished by the Contractor to the
<PAGE>

                                      -5-

          Company in connection herewith being untrue in any material respect or
          any breach or failure by the Contractor to comply with any covenant or
          agreement made by the Contractor to the Company in connection
          therewith;

     (g)  it has been advised to consult its own legal, tax and other advisors
          with respect to the merits and risks of an investment in the
          Securities and with respect to applicable resale restrictions and it
          is solely responsible (and the Company is not in any way responsible)
          for compliance with applicable resale restrictions;

     (h)  none of the Securities are listed on any stock exchange or automated
          dealer quotation system and no representation has been made to the
          Contractor that any of the Securities will become listed on any stock
          exchange or automated dealer quotation system, except the OTCBB in the
          United States;

     (i)  it is outside the United States when receiving and executing this
          Agreement and is acquiring the Securities as principal for its own
          account, for investment purposes only, and not with a view to, or for,
          resale, distribution or fractionalization thereof, in whole or in
          part, and no other person has a direct or indirect beneficial interest
          in such Securities;

     (j)  none of the Securities may be offered or sold to a U.S. Person or for
          the account or benefit of a U.S. Person (other than a distributor)
          prior to the end of the Restricted Period (as defined herein);

     (k)  neither the SEC nor any other securities commission or similar
          regulatory authority has reviewed or passed on the merits of the
          Securities;

     (l)  the issuance of the Securities to the Contractor will not be completed
          if it would be unlawful or if, in the discretion of the Company acting
          reasonably, it is not in the best interests of the Company;

     (m)  the statutory and regulatory basis for the exemption claimed for the
          offer and sale of the Securities, although in technical compliance
          with Regulation S, would not be available if the offering is part of a
          plan or scheme to evade the registration provisions of the 1933 Act;
          and

     (n)  this Agreement is not enforceable by the Contractor unless it has been
          accepted by the Company.

                                   ARTICLE 5
                       DURATION, TERMINATION AND DEFAULT

5.1       Effective Date
          --------------

          This Agreement shall become effective as of the 31st day of July,
2000, and shall continue for a period ending the 31st day of July, 2002, subject
to earlier termination as provided for herein.
<PAGE>

                                      -6-

5.2       Termination by the Company
          --------------------------

          This Agreement may be terminated by the Company at any time without
notice, in the event that:

     (a)  the Contractor files a voluntary petition in bankruptcy, or is
          adjudicated as bankrupt or insolvent; or

     (b)  the Contractor fails to perform any of his services in the manner or
          within the time required herein or commits or permits a material
          breach of or default in any of his duties or obligations hereunder and
          fails to cure such breach or default within 15 days of receipt of
          written notice of a demand.

5.3       Termination by the Contractor
          -----------------------------

          This Agreement may be terminated by the Contractor at any time without
notice, for material breach of the Agreement by the Company.

5.4       Duties Upon Termination
          -----------------------

          Upon termination of this Agreement, the Contractor shall upon receipt
of all payments due and owing, promptly deliver the following in accordance with
the directions of the Company:

     (a)  a final accounting, reflecting the balance of expenses incurred on
          behalf of the Company as of the date of termination; and

     (b)  all documents pertaining to the Company or this Agreement, including
          but not limited to, all books of account, correspondence and
          contracts, provided that the Contractor shall be entitled thereafter
          to inspect, examine and copy all of the documents which it delivers in
          accordance with this provision at all reasonable times upon three (3)
          days' notice to the Company.

5.5       Compensation of Contractor on Termination
          -----------------------------------------

          Upon termination of this Agreement, the Contractor shall be entitled
to receive as its full and sole compensation in discharge of obligations of the
Company to the Contractor under this Agreement all payments due and payable
under this Agreement to the date of termination and the Contractor shall have no
right to receive any further payments; provided, however, that the Company shall
have the right to offset against any payment owing to the Contractor under this
Agreement any damages, liabilities, costs or expenses suffered by the Company by
reason of the fraud, negligence or wilful act of the Contractor, to the extent
such right has not been waived by the Company.
<PAGE>

                                      -7-

                                   ARTICLE 6
                                CONFIDENTIALITY

6.1       Ownership of Work Product
          -------------------------

          All reports, documents, concepts, products and processes together with
any marketing schemes, business or sales contracts, or any business
opportunities prepared, produced, developed, or acquired, by or at the direction
of the Contractor, directly or indirectly, in connection with or otherwise
developed or first reduced to practice by the Contractor performing the services
(collectively, the "Work Product") shall belong exclusively to the Company which
shall be entitled to all right, interest, profits or benefits in respect
thereof.  No copies, summaries or other reproductions of any Work Product shall
be made by the Contractor or any of its agents or employees without the express
permission of the Company, provided that the Contractor is hereby given
permission to maintain one copy of the Work Product for its own use.

6.2       Confidentiality
          ---------------

          The Contractor shall not, except as authorized or required by its
duties, reveal or divulge to any person or companies any of the trade secrets,
secret or confidential operations, processes or dealings or any information
concerning the organization, business, finances, transactions or other affairs
of the Company, which may come to his knowledge during the term of this
Agreement and shall keep in complete secrecy all confidential information
entrusted to him and shall not use or attempt to use any such information in any
manner which may injure or cause loss, either directly or indirectly, to the
Company's business or may be likely so to do.  This restriction shall continue
to apply after the termination of this Agreement without limit in point of time
but shall cease to apply to information or knowledge which may come into the
public domain.

          The Contractor shall comply, and shall cause its agents and employees
to comply, with such directions as the Company shall make to ensure the
safeguarding or confidentiality of all such information.  The Company may
require that any agent or employee of the Contractor execute an agreement with
the Company regarding the confidentiality of all such information.

6.3       Devotion to Contract
          --------------------

          During the term of this Agreement, the Contractor shall devote
sufficient time, attention, and ability to the business of the Company, and to
any associated company, as is reasonably necessary for the proper performance of
its services pursuant to this Agreement.  Nothing contained herein shall be
deemed to require the Contractor to devote its exclusive time, attention and
ability to the business of the Company.  During the term of this Agreement, the
Contractor shall, and shall cause each of its agents, employees or
subcontractors assigned to performance of the services on behalf of the
Contractor, to:

     (a)  at all times perform its services faithfully, diligently, to the best
          of its abilities and in the best interests of the Company;
<PAGE>

                                      -8-

     (b)  devote such of its time, labour and attention to the business of the
          Company as is necessary for the proper performance of the Contractor's
          services hereunder; and

     (c)  refrain from acting in any manner contrary to the best interests of
          the Company or contrary to the duties of the Contractor as
          contemplated herein.

6.4       Other Activities
          ----------------

          The Contractor shall not be precluded from acting in a function
similar to that contemplated under this Agreement for any other person, firm or
company.

                                   ARTICLE 7
                                 MISCELLANEOUS

7.1       Waiver; Consents
          ----------------

          No consent, approval or waiver, express or implied, by either party
hereto, to or of any breach of default by the other party in the performance by
the other party of its obligations hereunder shall be deemed or construed to be
a consent or waiver to or of any other breach or default in the performance by
such other party of the same or any other obligations of such other party or to
declare the other party in default, irrespective of how long such failure
continues, shall not constitute a general waiver by such party of its rights
under this Agreement, and the granting of any consent or approval in any one
instance by or on behalf of the Company shall not be construed to waiver or
limit the need for such consent in any other or subsequent instance.

7.2       Governing Law
          -------------

          This Agreement and all matters arising thereunder shall be governed by
the laws of laws of the State of Nevada and the federal laws of the United
States applicable herein and the parties hereto agree to attorn to the
jurisdiction of the Courts thereof.

7.3       Successors, etc.
          ----------------

          This Agreement shall enure to the benefit of and be binding upon each
of the parties hereto and their respective heirs, successors and permitted
assigns.

7.4       Assignment
          ----------

          This Agreement may not be assigned by any party except with the
written consent of the other party hereto.
<PAGE>

                                      -9-

7.5       Entire Agreement and Modification
          ---------------------------------

          This Agreement constitutes the entire agreement between the parties
hereto and supersedes all prior agreements and undertakings, whether oral or
written, relative to the subject matter hereof.  To be effective any
modification of this Agreement must be in writing and signed by the party to be
charged thereby.

7.6       Headings
          --------

          The headings of the Sections and Articles of this Agreement are
inserted for convenience of reference only and shall not in any manner affect
the construction or meaning of anything herein contained or govern the rights or
liabilities of the parties hereto.

7.7       Notices
          -------

          All notices, requests and communications required or permitted
hereunder shall be in writing and shall be sufficiently given and deemed to have
been received upon personal delivery or, if mailed, upon the first to occur of
actual receipt or seventy -two (72) hours after being placed in the mail,
postage prepaid, registered or certified mail, return receipt requested,
respectively addressed to the Company or the Contractor as follows:

The Company:

          E-COMMERCE GROUP, INC.
          3675 Pecos McLeod, Suite 1400
          Las Vegas, Nevada
          USA
          89121 - 3881

          Attention: Tony Arnold

The Client:

          S.C. MANAGEMENT LTD.
          Suite L, King's Court
          Nassau, Bahamas

          Attention: Christine Ferguson

or such other address as may be specified in writing to the other party, but
notice of a change of address shall be effective only upon the actual receipt.

7.8       Time of the Essence
          -------------------

          Time is of the essence.
<PAGE>

                                      -10-

7.9       Further Assurances
          ------------------

          The parties hereto agree from time to time after the execution hereof
to make, do, execute or cause or permit to be made, done or executed all such
further and other lawful acts, deeds, things, devices and assurances in law
whatsoever as may be required to carry out the true intention and to give full
force and effect to this Agreement.

7.10      Counterparts
          ------------

          This Agreement may be executed in several counter-parts, each of which
will be deemed to be an original and all of which will together constitute one
and the same instrument.

          IN WITNESS WHEREOF, the parties have duly executed this Agreement as
of the day and year first above written.

E-COMMERCE GROUP, INC.

Per:
    -------------------------------
     Authorized Signatory

S.C. MANAGEMENT LTD.

Per:
    -------------------------------
     Authorized Signatory

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