Document:

Exhibit 10.31

                              Partnering Agreement

                            concluded by and between

                            Giesecke & Devrient GmbH

                 Prinzregentenstrasse 159, 81677 Munich, Germany

                      - hereinafter referred to as "G&D" -

                                of the one part,

                                       and

                          Smart Chip Technologies, LLC

                           26800 Aliso Viejo, CA, USA

                      - hereinafter referred to as "SCTN" -

                               of the other part.

<PAGE>
Partnering Agreement

   1.    Recitals
         G&D is active in all card application areas, and supplies a wide range
         of complete system solutions for international payment transactions.
         The wide spectrum of multifunctional G&D card solutions ranges from
         counterfeit-proof identity cards through contactless smart cards for
         transportation applications and data-secure health cards to loyalty
         cards. In addition, G&D is a solutions specialist in the field of
         information and network security. Represented on all continents, G&D is
         certified by the leading card organizations and a member of
         internationally relevant technical committees. SCTN is a Software
         Technology Company with a patent protected loyalty application for use
         in the smart card and wireless environment. The software is designed to
         operate on smart cards, point-of-sale terminals, and smart devices such
         as personal digital assistants. SCTN also provides complete loyalty
         program management, transaction processing, and accounting services
         through its LoyaltyCentral(tm) software and back office operation.

   2.    Functional Scope of the Agreement
         G&D and SCTN agree to cooperate on the marketing and sale of joint
         solutions based on G&D's Chip Cards and Chip Card Operating Systems and
         SCTN's Loyalty Application as set out in detail in this Agreement.

   3.    Subject of the Agreement
         The cooperation between G&D and SCTN encompasses the aspects described
         below:

   3.1   Leads
         If a third party desires to establish contact with one of the partners
         ("Lead"), the parties hereto agree to proceed as follows:
         a)       In cases where one of the partners is directly mentioned by
                  name, the other partner refers the Lead immediately to the
                  partner concerned, if possible accompanied by the following
                  information: see Annex 1, Lead Details (schedule of minimum
                  information on Leads).
         b)       Indirect Leads, i.e. cases where neither of the partners is
                  referred to directly by name, but it can be deduced which
                  partner is intended, are referred by each partner to the
                  partner concerned in the same way as described in a) above.
         c)       Unspecific or general Leads need not be referred to the
                  respective other partner.
         d)       The same applies to Leads relating to associations, government
                  agencies or suppliers.
         e)       Press Leads are followed up by the partner receiving them.
                  However, the other partner must be informed immediately. The
                  procedure is in accordance with 3.10 below.
         f)       Beyond the referral of Leads as provided here, no customer
                  information is exchanged, in particular no lists of customers.
                  It is further agreed that no information on suppliers is to be
                  exchanged.

   3.2   Promotional material
         The exchange of promotional material, the adoption of promotional
         material supplied by the other partner and the joint development of
         promotional material must be agreed in writing on a case by case basis
         as supplement to this Agreement. The written agreement must include in
         particular a provision on the allocation of the costs incurred.

                                       2
<PAGE>

   3.3   Customer acquisition planning
         G&D and SCTN intend to jointly develop a plan for the acquisition of
         customers in the Loyalty application for both payment and non-payment
         market segment. The customer acquisition planning shall be in place 90
         days after the execution of the contract. Each partner acquires a
         global, non-transferable, non-exclusive right to use the finished plan
         or preliminary stages thereof. However, neither partner may pass the
         plan or its preliminary stages to a competitor of the other partner, or
         use it in any way in connection with such a competitor. If the agreed
         resources are not sufficient for completion of the plan, the partners
         may agree in writing to make further resources available. If such an
         agreement is not reached, the work on the customer acquisition plan
         will be discontinued.

   3.4   Sales calls
         Joint calls on customers are jointly prepared and the details agreed
         between the partners adequately in advance of the call. Unless
         explicitly otherwise agreed in writing, each partner itself bears the
         costs that it originates.

   3.5   Joint promotional activities
         It is understood by the parties that a mutually agreed to press release
         describing the intent of the parties as laid out in the agreement will
         be released within 5 business days after the execution of the
         agreement.

   3.6   Joint business plan
         G&D and SCTN intend to jointly develop a business plan for the above
         mentioned market segment. Above mentioned business plan shall be in
         place 60 days after the execution of the agreement. Each partner
         acquires a global, non-transferable, non-exclusive right to use the
         finished plan or preliminary stages thereof. However, neither partner
         may pass the plan or its preliminary stages to a competitor of the
         other partner, or use it in any way in connection with such a
         competitor. If the agreed resources are not sufficient for completion
         of the business plan, the partners may agree in writing to make further
         resources available. If such an agreement is not reached, the work on
         the business plan will be discontinued.

   3.7   Development activities
         Joint development activities are agreed in writing by means of a
         separate development agreement on a case by case basis. Before the
         execution of this development agreement there is no obligation to
         undertake development activities and no entitlement to remuneration or
         payment of expenses. Without legal obligation at present, the partners
         intend to examine the possibilities of undertaking the following joint
         development work:

         Integration of SCTN's Loyalty Application with G&D's Smart Card
         Operating System as well as an integration at an application level.

   3.8   Training, skills development
         Concrete agreements on training and skills development measures must be
         concluded on a case by case basis but it is intended to provide each
         other's sales forces at minimum with each party's product
         documentation.

   3.9   Mutual support
         Both parties undertake to use their best efforts to support each other
         within the limits of their commercial and operational capabilities,
         except where otherwise provided under this Agreement. Such support
         shall not include the disclosure of know-how or the performance of any
         services for the respective other party that exceed those specifically
         provided under this Agreement. Each party undertakes to behave fairly
         and cooperatively towards the other party at all times and to take fair
         and reasonable account of the other party's interests.

                                       3
<PAGE>

   3.10  External communications
         The parties agree to consult on any report or information on their
         cooperative activities before its publication. An exception to this
         rule is only admissible if, in the case of public relations contacts
         that occur orally, e.g. interviews with the press, prior consultation
         is not possible. In such a case, the party concerned may repeat
         information on the cooperation that is already in the public domain.
         Information that has not yet been published may not be disclosed.

   3.11  Use of company name and logo
         G&D consents to SCTN using the company name Giesecke & Devrient GmbH
         and the company logo in the form made available to it in Annex 2 for
         the term of the Agreement as follows:

         - the cooperation with G&D may be indicated on all promotional
           materials, using the form of expression as stated in Annex 2
         - G&D's company name and logo may be used on SCTN's Internet site in
           the format shown in Annex 2
         - Web site links

         SCTN consents to G&D using SCTN's company name and logo as follows:

         - Web site links
         - SCTN's company name and logo may be used on G&D's Internet site in
           the format shown in Annex 2
         - the cooperation with SCTN may be indicated on all promotional
           materials, using the form of expression as stated in Annex 2

   3.12  Alterations and additions
         The parties are aware that in the course of their cooperation
         alterations and additions to the subject of the Agreement will be
         necessary in order to sustain the effectiveness and focus of the
         cooperative activities. They are therefore fundamentally prepared to
         discuss initiatives for alterations and additions at any time with the
         other party. However, the parties are aware that the exercise of a
         certain discipline in documenting the subject of the Agreement, among
         other aspects, is necessary to ensure the long-term success of the
         cooperation. They therefore explicitly agree that alterations and
         additions to the subject of this Agreement shall not be legally binding
         unless and until they have been confirmed in writing by both parties on
         the same document. The text of such document shall refer to this
         Partnering Agreement.

   4.    Non-disclosure

   4.1   The parties hereto agree to treat all information in connection with
         this Agreement and all other confidential information belonging to the
         parties and/or affiliated organizations as confidential.

   4.2   Unless explicitly otherwise agreed by the parties, "confidential
         information" shall be taken to mean:

         a)       All and any information that one of the parties to this
                  Agreement has designated as confidential.
         b)       Lists of customers, lists of suppliers, detailed information
                  on customers, accounting data and information on business
                  plans and business activities in the fields of administration,
                  finance or marketing.
         c)       Technical specifications, drawings, descriptions, blueprints,
                  documents, tapes, samples etc.

   4.3   The parties agree to treat such confidential information as secret and
         not to use it, in whole or in part, for any purposes other than for the
         fulfillment of this Agreement. The parties hereto agree not to disclose
         confidential information to third parties, either by publication or in
         any other form, unless both parties agree to such disclosure. Either

                                       4
<PAGE>

         party may disclose confidential information of the other party or of
         the customer to its employees or affiliated companies if this is
         necessary for fulfillment of this Agreement. However, this presupposes
         that the employees or affiliated companies concerned have entered into
         an obligation to maintain confidentiality in such a way as if they were
         themselves parties to this Agreement.

   4.4   The provisions of this Agreement and the resulting circumstances shall
         also be treated as confidential.

   4.5   This clause does not protect confidential information that

         a)       is or becomes publicly accessible without breach of this
                  Agreement,
         b)       one of the parties has received from third parties in a
                  legally permissible way without being bound by an obligation
                  to preserve confidentiality,
         c)       must be published, according to statutory or common law,
         d)       one of the parties can prove by means of written records that
                  it has developed independently,
         e)       has been released in writing for publication by the party to
                  which it belongs.

   4.6   On demand, or on expiry or termination of this Agreement, each party
         shall return to the other party all written documents or descriptive
         materials, including drawings, blueprints, descriptions or other
         papers, documents, tapes or any other medium that contains confidential
         information belonging to the other party. Both parties undertake to
         conclude agreements with those of their employees or other persons who
         have access to confidential information belonging to the parties in
         such a way that fulfillment of the provisions of this Agreement can be
         ensured.

   4.7   All and any original materials or documents that have been drawn up,
         produced or prepared by either party as a consequence of this Agreement
         are property of the party that has produced these materials or
         documents. Neither party will copy, in whole or in part, any original
         materials that have been developed under this Agreement by the other
         party, unless this serves the purposes of this Agreement.

   5.    Exclusivity
         As soon as the partners have begun to work jointly on a proposal for a
         specific customer, that has been generated through the customer
         acquisition plan, stated in 3.3, or have called on a customer together,
         they will not cooperate in the same matter with a competitor of the
         respective other partner or pursue the matter alone without the other
         partner. This shall only not apply in the event that cooperation with a
         specific competitor and/or a certain structure for fulfillment of the
         contract is explicitly requested by the customer in writing. However,
         here too the parties undertake to use their best efforts to enable the
         other party to maintain its interests.
         Beyond this, the parties will cooperate exclusively with each other
         only if this is explicitly stated in a separate written agreement
         relating to the handling of a concrete proposal.

   6.    Proposals; Agreements with Third Parties
         This Partnering Agreement does not constitute an adequate basis for
         submitting joint or coordinated proposals or concluding joint or
         coordinated agreements with customers, suppliers or other third
         parties. In these cases the cooperative activity takes place solely on
         the basis of separate, written agreements that must be concluded
         adequately in advance of such activity.

   7.    Liability

   7.1   Neither of the parties hereto shall be liable to the other for any
         breach of obligations under this Agreement if such breach is due to
         circumstances beyond its control, in particular to cases of force
         majeure.

                                       5
<PAGE>

   7.2   Irrespective of the nature of the claim, each party shall only be
         liable to the other for actual, provable damage or loss caused by this
         party with harmful intent or by negligence. Each party's liability
         towards the other party under this Agreement shall be limited to the
         sum of USD 25,000 . Neither party shall be liable to the other under
         any circumstances for indirect or consequential damage or losses,
         including loss of profit.

   7.3   The above provisions comprehensively govern all legal consequences and
         the entire liability of each party in connection with matters under
         this Agreement, with the exception of claims based on mandatory law.

   8.    Termination

   8.1   Either party may terminate this Agreement effective at the end of a
         calendar year by giving the other party three months' prior written
         notice.

   8.2   The right of either party to terminate for cause remains intact. Cause
         for termination may be given in the following instances:

         o        if one of the parties hereto has persistently failed to comply
                  with material obligations under this Agreement,

         o        if insolvency proceedings have been instituted against one of
                  the parties,

         o        if there is a material change in the ownership or management
                  structure of SCTN that results in a situation where SCTN is
                  owned or controlled by a competitor of G&D.

   8.3   The provision in 4. above concerning non-disclosure shall survive
         termination of this Agreement.

   9.    Other provisions

   9.1   Unless otherwise explicitly provided in this Agreement or elsewhere,
         each party itself bears the expenses that it incurs as a result of this
         Partnering Agreement, e.g. costs of travel, working time, materials.

   9.2   Each party acts as an independent organization and no agency,
         partnership, joint venture or other joint marketing relationship is
         established by this Agreement or its implementation. In particular no
         joint property or joint assets and liabilities are created thereby.

   9.3   If any term or provision of this Agreement is invalid, legally
         ineffective or unenforceable, the validity, legal effectiveness and
         enforceability of the remaining provisions shall not be affected
         thereby. In such a case, the parties shall agree on a legally effective
         provision that comes as close as possible to their original intentions.
         The same applies analogously to any omission from the contractual
         provisions.

   9.4   This Agreement shall be construed in accordance with and governed by
         German substantive law. Place of jurisdiction is Munich.

   9.5   Amendments to this Agreement shall not be effective unless agreed
         explicitly in writing.

                                       6
<PAGE>

   10.   Annexes

Annex 1: Lead Details
Annex 2: Company Name and Logo

Signed in Munich on Oct. 23rd, 2001          Signed in Munich on Oct. 23rd, 2001

/s/ D. Bulle                                 /s/ C. Hirschvogel
-----------------------------                ------------------------------
ppa Dieter Bulle                             i.A. Christian Hirschvogel
Giesecke & Devrient GmbH                     Giesecke & Devrient GmbH
Executive Vice President                     Product Marketing Manager

Signed in Aliso Viejo on Sept. 24th, 2001

/s/ Jim Williams
--------------------
Jim Williams
SCTN LLC
CEO and President

                                       7
<PAGE>

                             Annex 1, Lead Details

<PAGE>

                        Annex 2 , Company Name and Logo

[Company Logo] Giesecke & DevrientExhibit 10.32

Version 3rh

THIS ALLIANCE AGREEMENT is made and entered into this the 7th day of November
2001.

BETWEEN: SMART CHIP TECHNOLOGIES, LLC a Nevada corporation.

         (hereinafter referred to as "SCTN")

AND:     CONSUMER ECONOMIC OPPORTUNITIES INC., a corporation incorporated under
         the Canadian Business Corporations Act

         (hereinafter referred to as the "CEO")

WHEREAS CEO has the Exclusive Licence for a business model and proprietary
product for the Canadian Marketplace, the CREDITZ System, that helps businesses
to optimize their direct marketing, mass marketing, customer loyalty and
Customer Relationship Management (CRM) objectives. The digital currency is at
the core of this platform and facilitates digital payments, POS Terminals,
frequency incentives, personalized communications, electronic bill presentment,
web to print and other applications;

WHEREAS SCTN is a software and technology company with a patent protected
e-llegiance(tm) loyalty application for use in the smart card and wireless
environment. The software is designed to operate on smart cards, point-of-sale
terminals, and smart devices, such as personal digital assistants. SCTN also
provides complete loyalty program management, transaction processing, and
accounting services through its LoyaltyCentral(tm) software and back office
operation;

WHEREAS SCTN and CEO have determined that they would benefit from a joint
technology development, exchange, and marketing alliance;

NOW, THEREFORE, in consideration of the mutual premises contained in this
Agreement, the Parties agree as follows:

1.       DEFINITIONS

         "Agreement" means this agreement, including all appendices attached
         hereto from time to time and forming a part hereof.

         "Client" means a business, organisation or individual that engages the
         Parties to provide the services contemplated under this Agreement.

         "Parties" means SCTN and CEO, and "Party" means either of them.

         "POS Terminal" means transaction automation equipment used to obtain
         authorizations for credit/debit cards and CREDITZ, and to provide a
         settlement/transfer vehicle for electronic data capture.

2.       JOINT CEO AND SCTN OBLIGATIONS

         2.1      SCTN and CEO have agreed that SCTN will integrate the CREDITZ
                  System within its smart card loyalty system e-llegiance(tm)
                  and LoyaltyCentral(tm) product offering, as well, CEO will
                  integrate with SCTN's e-llegiance(tm) and LoyaltyCentral(tm)
                  applications. The agreement also includes CEO's customer

<PAGE>
                                      -2-

                  lifetime management capabilities to provide business
                  intelligence to SCTN's clients worldwide. CEO will provide
                  SCTN its client's privacy solutions available through it's
                  CREDITZ system.

                  This agreement includes the co-marketing of the CREDITZ
                  system, which includes "Audience of One" (1 to 1 marketing
                  solution), and free merchant EMV POS terminal offers which can
                  be integrated with clients of SCTN.

                  Terms and conditions of SCTN's use of CEO's lifetime
                  management capabilities, privacy solutions and 1 to 1
                  marketing solutions to [be](1) mutually agreed to by the
                  parties.

         2.2      SCTN will be able to provide its clients the ability to offer
                  CREDITZ-enabled POS Terminals using EMV standards to their
                  merchants free of charge. Subject to CEO terms and conditions
                  to be mutually agreed to by the parties.

         2.3      The Parties have agreed that CEO will engage SCTN to supply
                  its smart chip platform to enable CEO to transfer its Loyalty
                  Aggregation Program on a smart chip platform.

         2.4      The Parties will identify and notify each other of any
                  existing or potential customers who may also require any other
                  products or services offered by the other Party.

         2.5      The Parties acknowledge that CREDITZ Digital currency is the
                  preferred brand to monetize loyalty programs. SCTN will
                  identify and notify CEO of any existing or potential customers
                  who express interest in monetizing their loyalty program
                  points or miles into CREDITZ. As such, subject to certain
                  terms and conditions, SCTN will receive a fee for
                  introductions to existing and other potential customers of Ten
                  percent (10%) of the .98 basis points CEO receives from each
                  CREDITZ transaction in Canada resulting from such efforts by
                  SCTN.

         2.6      The Parties have agreed to create joint and reciprocal revenue
                  streams from each application to be defined throughout the
                  term of this agreement, which will be added as additional
                  schedules to this agreement from time to time.

3.       TERM AND TERMINATION

         3.1      This Agreement shall commence as of the date first written
                  above, and unless terminated earlier as provided herein shall
                  continue in effect for a term of Three (3) year or the expiry
                  of the last Contract entered into pursuant to this Agreement,
                  whichever is later.

         3.2      The Agreement can be terminated by either Party upon providing
                  the other Party with Ninety (90) days written notice.

         3.3      Survival of Terms.

                  Sections 4, 5 and 6 shall survive any expiry or termination of
                  this Agreement.

4.       CONFIDENTIALITY

         4.1      SCTN and CEO shall execute the mutual non-disclosure agreement
                  attached as Appendix "A" (the "NDA"), which shall form part of

--------
1  This word is a handwritten insertion and initialled by JW.

<PAGE>
                                      -3-

                  this Agreement. For the purposes of the NDA, the terms of this
                  Agreement shall be deemed to be Confidential Information as
                  defined in the NDA.

5.       INTELLECTUAL PROPERTY RIGHTS

         Nothing contained in this agreement shall be deemed, to grant to the
         other Party any right or license in respect of any patents, inventions,
         intellectual property or technical information at any time owned by
         either Party.

6.       INDEMNIFICATION

         6.1 Indemnity.

                  SCTN agrees to defend, indemnify and hold harmless CEO, and
                  each of its employees, officers, directors and agents against
                  any claims, lawsuits, liabilities, losses, damages, costs and
                  expenses arising from any claim that the SCTN Product, as used
                  within the scope of this Agreement, infringes copyright,
                  trademark, patent or other Intellectual Property Rights of a
                  third party. CEO likewise agrees to defend, indemnify and hold
                  harmless SCTN, and each of its employees, officers, directors
                  and agents against any claims, lawsuits, liabilities, losses,
                  damages, costs and expenses arising from any claim that the
                  CEO Product, as used within the scope of this Agreement,
                  infringes copyright, trademark, patent or other Intellectual
                  Property Rights of a third party.

         6.2      This obligation does not apply with respect to a claim which
                  arises (a) from the use of a superseded or modified release of
                  the other Party's Product, if such infringement would have
                  been avoided by the use of the current version or unmodified
                  release of the other Party's Product, (b) from the use,
                  operation, or combination of the other Party's Product with
                  programs, data, equipment, or materials not provided by the
                  Party to which the Product belongs, if such infringement would
                  have been avoided by the use of the other Party's Product
                  without such program, data, equipment or materials; (c) from
                  any modification made to the other Party's Product by any
                  Party other than the Party to which such Product belongs.

7.       GENERAL

         7.1      Relationship of the Parties

         Nothing in this Agreement shall be construed as creating an agency,
         joint venture, partnership, or formal business organisation of any
         kind, and the rights and obligations of the Parties shall be only those
         expressly stated in this document. Neither Party shall have authority
         to bind the other.

         7.2      Assignment

         This Agreement may not be assigned by either Party without the prior
         written consent of the other Party, such consent not to be unreasonably
         withheld. Any attempt to assign this Agreement contrary to this section
         shall be void and of no force and effect.

         7.3      Notice

         Any notice required or authorized to be given by either Party to the
         other in accordance with the provisions of this Professional Services
         Agreement, unless otherwise specifically stipulated, shall be in

<PAGE>
                                      -4-

         writing and delivered personally, by mail or sent by facsimile. This
         notice shall be addressed to the Parties as follows:

                  (a)      SCTN's address:

                  SMART CHIP TECHNOLOGIES, LLC
                  26800 Laguna Hills Drive #100
                  Aliso Viejo, CA 92656

                  Attention: Jim Williams CEO/President
                  Facsimile: 949-916-1620

                  CEO's address:
                  Consumer Economic Opportunities Inc.
                  88 St. Regis Crescent South
                  Toronto, Ontario
                  M3J 1Y8

                  Attn: David Vaters,  Founder and CEO
                  Facsimile: 416-630-4402

         and shall be considered to have been received the same day it was
         delivered personally or sent by facsimile. Any notice sent by mail
         shall be deemed to have been received the fifth day following the date
         of mailing. In the event of an interruption of the postal services due
         to a strike or to any other reason, the said notices shall be delivered
         by messenger.

         7.4      Non-Waiver

         A failure or delay by either one of the Parties to exercise a right,
         recourse or privilege pursuant to this Agreement shall not be
         considered as being a waiver on the part of this Party to exercise such
         a right, recourse or privilege.

         7.5      Severability

         Any decision from a court of competent jurisdiction to the effect that
         any provision of this Agreement is null or unenforceable shall not in
         any way affect the other provisions herein, their validity or executory
         power.

         7.6      Headings

         The headings in this Agreement are inserted for convenience of
         reference only and shall not affect the interpretation hereof.

         7.7      Entire Agreement

         This Agreement together with the attached appendices constitute the
         entire Agreement between the Parties hereto with respect to the matters
         dealt with herein and supersedes all prior representations,
         negotiations, understandings and agreements oral or written, between
         the Parties with respect to such matters.

<PAGE>
                                      -5-

         7.8      Applicable Law

         This Agreement shall be governed by and construed according to the laws
         of the Province of Ontario and the federal laws of Canada applicable
         therein.

         7.9      Further Assurances

         The Parties covenant and agree to do such things, execute such further
         documents, and cause their respective employees and agents to execute
         such further documents as may be necessary or advisable from time to
         time in order to carry out the terms of this Agreement in accordance
         with its true intent.

         7.10     Counterparts

         This Agreement may be executed by the Parties in separate counterparts,
         each of which when so executed and delivered shall be an original, but
         all such counterparts shall together constitute one and the same
         instrument

IN WITNESS WHEREOF, the Parties hereto have respectively caused this Agreement
to be executed by their duly authorised officers at the date first mentioned
above.

Consumer Economic Opportunities Inc.           SMART CHIP TECHNOLOGIES, LLC

By:                                            By:  /s/ Jim Williams
    ------------------------------                ------------------------
    Name: David Vaters                            Name:
    Title: President, CEO                         Title: President & CEO

<PAGE>
                                      -6-

                                  APPENDIX "A"

THIS MUTUAL NON-DISCLOSURE AGREEMENT is made and entered into this the 7th day
of November 2001.

BETWEEN:        SMART CHIP TECHNOLOGIES, LLC
                a corporation incorporated under the laws of the United States
                of America

AND:            CONSUMER ECONOMIC OPPORTUNITIES INC.
                a corporation incorporated under the Canada Business
                Corporations Act

WHEREAS, the Parties are desirous of exchanging information relating to
confidential and more specifically relating, but not limited, to technical data,
marketing, business information, and pricing, all for the purpose of exploring
future potential business relationships to the mutual benefit of both Parties
hereto.

It is anticipated that each of the undersigned Parties shall, from time to time,
disclose to the other Party certain technical or business information. With
respect to all such information, including any reports or other documents
resulting from such exchange of information between the Parties. Each of the
Parties agree to the following terms:

1.       "Confidential Information" means all information provided by either
         Party in writing or visual form which Party desires to protect from
         disclosure and which is marked with an appropriate stamp or legend
         designating such material as "Confidential"; and all information
         provided orally by a Party which that Party desires to protect from
         disclosure provided that such information is identified as Confidential
         at the time it is transmitted and is subsequently confirmed as such in
         writing by the disclosing Party within fifteen (15) days after such
         verbal transmittal.

2.       For a period of five (5) years following the date of each such
         disclosure or development the receiving Party shall maintain such
         Confidential Information as confidential, except:

         (a)      Confidential Information which is or becomes known publicly
                  through no fault of the receiving Party; or

         (b)      Confidential Information learned by the receiving Party from a
                  third party entitled to disclose it; or

         (c)      Confidential Information already known to the receiving Party
                  before receipt from the disclosing Party as shown by the
                  receiving Party's written records; or

         (d)      Confidential Information which is independently developed by
                  the receiving Party as shown by the receiving Party's written
                  records; or

         (e)      Confidential Information which must be disclosed under
                  operation of law.

         (f)      Confidential Information which is approved for release by
                  written authorization of the disclosing Party

3.       The receiving Party shall not, without prior written permission of the
         disclosing Party, furnish to any third Party any information, equipment
         or material embodying or made by use of any Confidential Information

<PAGE>
                                      -7-

         received or developed hereunder nor use such information for purposes
         other than internal evaluation so long as such Confidential Information
         must be maintained confidential. All Confidential Information in
         tangible form, and any copies thereof, disclosed hereunder, shall be
         promptly returned to the disclosing Party at the disclosing Party's
         written request, or destroyed at the disclosing Parties request
         provided that confirmation of destruction is given to the disclosing
         Party.

4.       The receiving Party shall protect the disclosed Confidential
         Information by using the same degree of care, but no less than a
         reasonable degree of care, to prevent the unauthorised use,
         dissemination or publication of the Confidential Information.

5.       In the event of any breach or threatened breach by the receiving Party
         of its obligations hereunder, the disclosing Party shall have whatever
         rights and remedies are available to it at law or in equity, provided,
         however, that in no event shall either Party be liable for any
         consequential damages of any nature whatsoever.

6.       This Agreement shall not be construed as granting or conferring any
         rights to license or otherwise, expressly, implied, or otherwise for
         any invention, discovery or improvement made, conceived or acquired
         prior to or after the date of this Agreement.

7.       Neither Party shall disclose Confidential Information nor assign work
         hereunder to anyone other than the receiving Party's employees who have
         agreed in writing to maintain the Confidential Information as
         confidential and to execute all documents deemed reasonably necessary
         by the disclosing Party to permit compliance with all provisions of
         this Agreement.

8.       Nothing contained in this Agreement shall constitute a commitment by
         either Party to the development or release of any future products
         and/or programs disclosed thereby or restrict either Party in its
         efforts to improve its existing products and systems and to conceive
         and develop new products and systems. Additionally, participation in
         the information exchange pursuant to this Agreement shall not
         constitute or imply a commitment by either Party to favour or recommend
         any product or service of the other Party.

IN WITNESS WHEREOF, the Parties hereto have respectively caused this Mutual
Non-disclosure Agreement to be executed by their duly authorized officers at the
date first mentioned above.

Consumer Economic Opportunities Inc.            SMART CHIP TECHNOLOGIES, LLC

By: /s/ David Vaters                            By: /s/ Jim Williams
    ----------------------------                    -------------------------
    Name: David Vaters                              Name:
    Title: President, CEO                           Title: President & CEO

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00034-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00034-of-00352.parquet"}]]