Document:

CONSULTING AGREEMENT

This Consulting Agreement (the "Agreement") is entered into
as of March 10, 2000, between eConnect, a Nevada corporation, the
Common Stock of which is registered under Section 12(g) of the
Securities Exchange Act of 1934 and currently quoted on the
Electronic Bulletin Board operated by the National Association of
Securities Dealers, Inc. (the "Company"), and Ryan Kavanaugh, an
individual residing in the State of California ("Consultant").

WHEREAS, the Company believes that, in order to achieve the
principal business objectives (the "Business Objectives") that
have been set by its Board of Directors (the "Board"), it will
need external advice and consultative assistance in the areas of
strategic planning and business plan development and
implementation of the sort provided by business consultants and
financial advisors; and

WHEREAS, Consultant has experience in providing financial
advisory and business consulting services to companies seeking
such services; and

WHEREAS, Consultant is willing to provide to the Company
financial advisory and business consulting services on the terms
and conditions set forth in this Agreement; and

WHEREAS, the Company desires that Consultant provide to the
Company such financial advisory and business consulting services
as are reasonably requested by the Company consistently with the
terms and conditions of this Agreement.

In consideration of the mutual covenants and agreements set forth
below, the parties hereby agree as follows:

1.  Term.  The Company hereby retains Consultant as an
independent consultant, with the duties particularized in Section
2 hereof and subject to the other terms and conditions
particularized herein, and Consultant hereby agrees to act as
such for the Company, for a period of one (1) year commencing on
the date hereof, unless further extended by mutual agreement of
the parties hereto (the "Term").

2.  Duties.  During the Term, Consultant shall, on a non-
exclusive and part-time basis, in no event to exceed (without
Consultant's consent) a maximum of 10 hours per week and 40 hours
per month, render such business consulting and financial advisory
services to the Company as are requested by the Company and
reasonably related to the Company's attempt to achieve the
Business Objectives (the "Services"). The parties agree that the
Services shall expressly include (i) arranging for Peters
Entertainment, the film production company owned by Jon Peters,
to enter, on or before April 1, 2000, into a computer services
contract providing for short-term revenue to the Company in an
amount not less that $500,000, and (ii) procuring the services of
Michael Sitrick to assist the Company in its public relations
function. The Company understands and hereby expressly
acknowledges that the Services to be provided to the Company by
Consultant pursuant to the terms hereof shall be on a part-time
basis only, as the bulk of Consultant's time is and will be
devoted to other clients of Consultant, including, without
limitation, clients for whom Consultant provides financial
advisory and business consulting services similar to the
Services. The Company understands and hereby expressly
acknowledges that Consultant is not registered as a broker-dealer
with the Securities and Exchange Commission ("SEC") or any state
securities regulatory body; accordingly, notwithstanding any
other provisions of this Agreement, Consultant shall not be
required hereunder to perform any action hereunder that would
involve the raising of capital or otherwise constitute "effecting
transactions in securities" as that (or any similar) phrase is
construed by the SEC or any applicable state securities
regulatory body.

3.  Consideration to Consultant.  The Company hereby agrees
to issue to Consultant, and Consultant hereby agrees to accept as
payment in full for past services rendered by Consultant to the
Company and the Services to be rendered by Consultant pursuant to
the terms hereof, (i) 300,000 shares of the Company's Common
Stock, par value $0.01 per share (the "Common Stock"), covered by
a currently effective registration statement of the Company under
the Securities Act of 1933, as amended (the "Act"), on Form SB-2,
SEC File No. __________ (the "SB-2 Grant Shares"), (ii) an
additional 700,000 shares of the Common Stock covered by a
registration statement of the Company under the Act on Form S-8
(the "S-8 Registration Statement") to be prepared by the Company
at its expense and filed by the Company with the SEC via EDGAR
not later than 10:00 a.m. (Los Angeles time) on Tuesday, March
14, 2000 (the "S-8 Grant Shares"), and (iii) warrants (the
"Warrants") representing the right to purchase a maximum of 2.0
million shares (the "Warrant Shares") of the Common Stock at a
warrant exercise price of $1.50 per share (the "Exercise Price").
The Warrants shall be evidenced by one or more Warrant
Certificates in the form of Exhibit A attached hereto (the
"Warrant Certificates"), and contain such other terms and
conditions as are set forth in said Warrant Certificates. The
Company hereby agrees to deliver to Consultant, on or before
March 14,2000, the Warrant Certificates, registered in the name
of Consultant or its designee, and duly executed by the Company,
as well as evidence reasonably satisfactory to Consultant that
the issuance of the Warrants, as evidenced by the Warrant
Certificates, has been properly authorized by the Board. The
Company covenants (i) that all of the Warrant Shares shall be
included in the S-8 Registration Statement as filed with the SEC,
and (ii) that the S-8 Registration Statement shall be kept
effective until such time as all of the Warrant Shares have been
issued to Consultant or (if earlier) the date that the Warrants
expire in accordance with their terms. The Company hereby further
agrees to exert its best efforts to cause as expeditiously as is
practicable, but in no event by later than 10:30 a.m. (Los
Angeles time) on March 14, 2000, all of the SB-2 Grant Shares and
all of the S-8 Grant Shares to be certificated and credited by
the Depository Trust Company ("DTC") to the securities brokerage
account of Consultant specified by Consultant (the "Account") in
written instructions previously delivered by Consultant to the
Company's outside counsel (the "Company's Attorneys").

4.  Expenses.  The Company hereby agrees to reimburse Consultant
for any reasonable costs or expenses, including but not limited
to travel expenses, incurred by Consultant in the course of
performing Services pursuant to this Agreement or otherwise at
the direction of the Company.

5.  Independent Contractor Relationship: Duty of Cooperation.
It is understood and agreed that Consultant's relationship to the
Company is that of an independent contractor and that neither
this Agreement nor the Services to be rendered hereunder shall
for any purpose whatsoever or in any way or manner create any
employer-employee or joint venture relationship. The Company
agrees to cooperate fully with Consultant in order to allow
Consultant to discharge efficiently his obligations to provide
the Services to the Company hereunder.

6.  Capitalization of the Company.  The Company hereby
represents and warrants to Consultant that, as of the date
hereof, the issued and outstanding securities of the Company
consist of __________shares of the Common Stock, counting for
this purpose all of the underlying shares of the Common Stock
covered by all options, warrants and other rights to purchase
such shares issued by the Company and outstanding as of the date
hereof (exclusive of the SB-2 Grant Shares, the S-8 Grant Shares
and the Warrant Shares). The Company has not issued any options,
warrants or other rights to purchase capital stock of the
Company, other than the Common Stock.  As of the date hereof,
except as disclosed on Schedule I attached hereto, the Company
has no concrete or tentative plans to issue any additional shares
of capital stock during the Term, other than the SB-2 Grant
Shares, the S-8 Grant Shares, the Warrant Shares and shares
issuable upon the exercise of presently outstanding options,
warrants and other rights to purchase shares of the Common Stock,
and has no intention to issue at any time in the future shares of
the Common Stock or any of its capital stock at a price per share
less than the Exercise Price.

7.  Miscellaneous.

(a)  Any and all notices and other communications hereunder
shall be in writing and shall be deemed to have been duly given
when delivered personally or forty-eight (48) hours after being
mailed, certified or registered mail, returned receipt requested,
postage pre-paid, to Consultant's or the Company's address shown
below. The Company and Consultant may change their respective
addresses for the purposes of notice at any time by the giving of
notices pursuant to this subparagraph.

Company:            eConnect
                    2500 Via Cabrillo Marina Suite 112
                    San Pedro, CA 90731
                    Attn: Mr. Thomas Hughes

Consultant:         Ryan Kavanaugh
                    c/o Miller & Holguin
                    1801 Century Park East, 7th Floor
                    Los Angeles, CA 90067
                    Attn: Brian A. Sullivan, Esq.

(b)  Time is of the essence of this Agreement with respect
to each and every provision of this Agreement as to which time is
a factor.

(c)  No change in, modification of, or addition, amendment
or supplement of, this Agreement shall be valid unless set forth
in writing and signed and dated by both parties subsequent to the
execution of this Agreement.

(d)  The Company and Consultant, without the necessity of any
further consideration, agree to execute and deliver such other
documents and take such other actions as may be necessary or
desirable to consummate more effectively the purposes and subject
matter of this Agreement.

(e)  The existence, validity , construction and operational
effect of this Agreement and the rights and obligations of the
Company and Consultant hereunder shall be determined in
accordance with the laws of the State of California; provided,
however, that any provision of this Agreement which may be
prohibited by law or otherwise held invalid shall be ineffective
only to the extent of such prohibition or invalidity and shall
not invalidate or otherwise render ineffective any or all of the
remaining provisions of this Agreement. Any litigation concerning
or to enforce the provisions of this Agreement shall be brought
at the election of the Company or Consultant in the courts of Los
Angeles, California.

(f)  In the event of any controversy, claim, or dispute between
the Company and Consultant arising out of or relating to this
Agreement, the prevailing party shall be entitled to recover from
the non-prevailing party reasonable expenses, including, but not
by way of limitation, attorneys' fees and accountants' fees.

(g)  The covenants, agreements, representations, warranties,
terms and conditions contained in this Agreement shall be binding
upon and inure to the benefit of the successors and assigns of
the Company and Consultant; provided, however, that Consultant
may not assign or transfer Consultant's duties to provide the
Services hereunder except upon the written consent of the Company
in its sole and absolute discretion.

(h)  This Agreement constitutes the entire agreement between the
parties as to the subject matter hereof and supersedes and
terminates as of this date any prior agreements, whether written
or oral, between the parties with respect thereto. No provision
of this Agreement shall be waived except in writing signed by the
party against whom such waiver is asserted. Any such waiver shall
be limited to the particular instance, and waiver of a provision
in one instance shall not prevent a party thereafter from
enforcing each and every other provision of this Agreement.

(i)  The section headings used in this Agreement are intended
solely for convenience of reference, and shall not in any way or
manner amplify, limit, or modify, or otherwise be used in the
interpretation of, any of the provisions of this Agreement, and
the masculine, feminine, or neuter gender and the singular or
plural number shall be deemed to include the others whenever the
context so indicates or requires.

(j)  The Company hereby covenants to deliver to Consultant, not
later than 11:00 a.m. (Los Angeles time) on March 14, 2000, a
letter from the Company's Attorneys, addressed to Consultant,
advising that (i) the SB-2 Grant Shares have been issued to
Consultant pursuant to proper authorization by the Board under a
then effective registration statement on Form SB-2 under the Act,
(ii) the S-8 Grant Shares have been issued to Consultant pursuant
to proper authorization by the Board under a then effective
registration statement on Form S-8 under the Act, (iii) all of
the Warrant Shares are covered by the registration statement
adverted to in clause (ii), and (iv) all of the SB-2 Grant Shares
and all of the S-8 Grant Shares have been credited by DTC to the
Account.

eCONNECT

By: /s/  Thomas Hughes
Name: Thomas Hughes
Title: Chief Executive Officer

RYAN KAVANAUGH

/s/  Ryan Kavanaugh
Ryan KavanaughAMENDED EMPLOYMENT AGREEMENT

This Agreement is made as of this 21st day of March 2000, by and
between eConnect, a Nevada corporation (the "Company"), and
Stephen E. Pazian (the "Executive").

                                Recitals

The Company desires to employ Executive as President and Chief
Operating Officer under the terms and conditions set forth in
this Agreement; and

Executive is willing to accept such employment on the terms and
conditions set forth in this Agreement.

                               Covenants

1.  Position and Term of Employment.  Executive's employment
hereunder shall commence as of March 21, 2000 and shall end March
20, 2004, with two-year extensions thereafter, unless terminated
sooner or extended beyond pursuant to Section 4 of this
Agreement. During the term hereof, Executive shall be employed as
President and Chief Operating Officer of the Company and shall
devote his time, skill, attention and best efforts in carrying
out his duties and promoting the best interests of the Company.

2.  Executive shall have full power of the President and Chief
Operating Officer of the Company, subject always to the
instructions and control of the Board of Directors of the
Company.

3.  Executive Compensation.

3.1  Base Salary.  Executive shall be paid an initial salary at
the monthly rate of$30,000 per month, payable in advance on March
21, 2000 for the first six months of this Agreement, which amount
will be earned on receipt.

3.2  Annual Bonus.  Executive will be eligible for an annual cash
bonus, payable March 1st of each year, at 50% of base salary with
a 200% multiplier for achieving board of directors compensation
committee established goals.

3.3  Earned on Receipt Signing Bonus.  In order to induce
Executive to accept this Agreement on an emergency basis and to
dedicate his efforts to the Company, the Company agrees to pay
Executive a signing bonus, provide warrants and stock options
which shall be earned on receipt, as follows:

3.3.1  $100,000 in cash on March 24,2000;

3.3.2  1,000,000 of the Company's warrants, exercisable at
$1.00 per share, (with a "look back" provision and downward
adjustment to the lowest average daily trading price of the
Company's common stock in the first 90 days of executive's
employment), for the maximum period permitted under the Company's
registered warrant plan, but not less than twelve months ending
March 24,2001, to be vested in full, registered, eligible for
cashless exercise and tendered to Executive.  Should Executive's
employment be terminated for "good cause" under section 4 of this
Agreement on or before March 24,2001, any unexercised warrants
will expire as of the date of termination.

3.3.3  Stock Options -Executive also shall be eligible for
6,000,000 stock options vesting one quarter at the beginning of
each year of employment, exercisable on a cashless basis for a
period often years, with a strike price of$.40 for the 1,500,000
shares granted in 2000, (with a repricing provision and downward
adjustment to the lowest average daily trading price of the
Company's common stock in the first 90 days of executive's
employment), and computed thereafter as described in the current
eConnect stock plan. In addition, executive shall be eligible for
such other stock option grants as provided under the plan as well
as other upper level management compensation programs as may be
in existence at the Company at the time of his employment and
from time to time thereafter.

3.4  Severance.  If terminated for reasons other than "good
cause" (as defined herein) the remainder of the salary base for
the initial term, but not less than two years, will be due within
30 days. In addition, all of Executive's then granted stock
options and warrants will vest and be exercisable for their
entire term Should there be a change of control, the job
responsibilities be diminished, the titles changed or the
executive required to move more than 50 miles from his home, then
the executive will be assumed to have been terminated without
good cause and the applicable severance payments due within 30
days.

3.5  Warrant and Stock Option Expiration.  If Executive resigns
voluntarily or ceases to be employed by the Company for "good
cause" as described in Section 4. or 4.3 of this Agreement, the
unexercised warrants and stock options to be provided under
section 3.3.2 and 3.3.3 shall be null and void. All other
compensation provided in this Agreement is earned on receipt and
shall not be returned by Executive under any circumstances
contemplated by this Agreement.

3.6  Expenses.  During the term hereof, the Company shall pay or
reimburse Executive for a monthly auto allowance of $1,000,
payment of Executive's currently in force $2 million term life
insurance, provisioning of a DSL connection at his residence and
cellular phone expenses. Executive shall also be eligible for
reimbursement in accordance with the Company's normal practices,
including but not limited to any travel, hotel and other expenses
or disbursements reasonably incurred or paid by Executive in
connection with the services performed by Executive hereunder.

3.7  Other Benefits.  During the Employment Period, the Executive
(and his eligible spouse and dependents) shall be provided paid
medical, hospitalization, dental & vision, through the
Executive's COBRA (expiring 3/01/01 - premium $657.46 per month),
until expiration of COBRA, at which such time Executive shall be
entitled to participate the Company's medical, dental, and
hospitalization plans. In addition, during the Employment Period,
the Executive shall be eligible to participate in all disability,
accidental death and dismemberment, travel accident insurance,
pension, retirement, savings and other employee benefit plans and
programs maintained from time to time by the Company for the
benefit of its senior executives. Executive shall be allowed five
(5) weeks vacation annually. Vacation not taken during the
applicable fiscal year (but not in excess of three weeks) shall
be carried over to the next following fiscal year.

3.8  Directors and Officers Insurance.  The Company shall provide
Executive Directors and Officers Insurance by an insurance
company acceptable to Executive ensuring Executive against
liability up to $20 million per occurrence, effective throughout
the term of this Agreement.

3.9  Indemnification.  The Company shall indemnify Executive to
the maximum extent permitted by applicable law, against all
liabilities, costs, charges and expenses (including reasonable
attorneys' fees and disbursements) incurred or sustained by it or
them in connection with any action, suit or proceeding to which
it or they may be made a party as a result of their services
hereunder on behalf of the Company pursuant to this Agreement,
provided that such liabilities, costs, charges and expenses do
not result from the willful misconduct or gross negligence of
such indemnified parties.

3.10  Fees and Expenses.  The Company shall pay all legal fees and
related expenses (including the costs of experts, evidence and
counsel) incurred by the Executive as they become due as a result
of (a) the Executive's termination of employment (including all
such fees and expenses, if any, incurred in contesting or
disputing any such termination of employment), and (b ) the
Executive seeking to obtain or enforce any right or benefit
provided by this Agreement, including, but not limited to, any
such fees and expenses incurred in connection with any dispute
regarding the initial signing bonus compensation, whether as a
result of any applicable government proceeding, audit or
otherwise.

4.  Termination.

4.1  This Agreement shall terminate upon Executive' s death.

4.2  The Company may terminate Executive's employment hereunder
upon thirty (30) days' written notice if Executive's physical or
mental disability has continued or is expected to continue for
one hundred and eighty (180) consecutive days and as a result
thereof, Executive will be unable to continue the proper
performance of his duties hereunder. Under these circumstances,
Executive will be entitled to his severance benefits including
the opportunity to vest and exercise all stock options and
warrants then granted for the remaining term of his employment
period.

4.3  The Company may terminate Executive's employment hereunder
for "good cause" (as hereinafter defined). If Executive's
employment is terminated for good cause, Executive's salary and
all other rights not then vested under this Agreement shall
terminate upon thirty (30) days written notice of termination
being given by the board of directors. As used herein, the term
"good cause" means the following:

Good Cause - The Company shall have the right to terminate the
Executive's employment for "Good Cause." For purposes of this
Agreement, the Company shall have "Good Cause" to terminate the
Executive's employment only upon the Executive's: (I) conviction
of a felony or willful gross misconduct that, in either case,
results in material and demonstrable damage to the business or
reputation of the Company; or (II) willful and continued failure
to perform his duties (other than such failure resulting from the
Executive's incapacity due to physical or mental illness) within
ten business days after the Company delivers to him a written
demand for performance that specifically identifies the actions
to be performed.  For purposes of this Section, no act or failure
to act by the Executive shall be considered "willful" if such act
is done by the Executive in the good faith belief that such act
is or was to be beneficial to the Company, or such failure to act
is due to the Executive's good faith belief that such action
would be materially harmful to the Company. "Good Cause" shall
not exist unless and until the Company has delivered to the
Executive a copy of a resolution duly adopted by a majority of
the Board (excluding the Executive for purposes of determining
such majority) at a meeting of the Board called and held for such
purpose after reasonable (but in no event less than thirty days')
notice to the Executive and an opportunity for the Executive,
together with his counsel, to be heard before the Board, finding
that in the good faith opinion of the Board that "Good Cause"
exists, and specifying the particulars thereof in detail. This
Section shall not prevent the Executive from challenging in any
court of competent jurisdiction the Board's determination that
"Good Cause" exists or that the Executive has failed to cure any
act (or failure to act) that purportedly formed the basis for the
Board's determination.

5.  Successors and Assigns. This Agreement is intended to bind
and inure to the benefit of and be enforceable by Executive and
the Company and their respective legal representatives,
successors and assigns. Neither this Agreement nor any of the
duties or obligations hereunder shall be assignable by Executive.

6.  Governing Law; Jurisdiction. This Agreement shall be
interpreted and construed in accordance with the laws of the
State of California. Each of the Company and Executive consents
to the jurisdiction of any state or federal court sitting in
California, in any action or proceeding arising out of or
relating to this Agreement.

7.  Headings. The paragraph headings used in this Agreement are
for convenience of reference only and shall not constitute a part
of this Agreement for any purpose or in any way affect the
interpretation of this Agreement.

8.  Severability.  If any provision, paragraph or subparagraph
of this Agreement is adjudged by any court to be void or
unenforceable in whole or in part, this adjudication shall not
affect the validity of the remainder of this Agreement.

9.  Complete Agreement.  This document embodies the complete
agreement and understanding among the parties, written or oral,
which may have related to the subject matter hereof in any way
and shall not be amended orally, but only by the mutual agreement
of the parties hereto in writing, specifically referencing this
Agreement.

10.  Counterparts.  This Agreement may be executed in one or more
separate counterparts, all of which taken together shall
constitute one and the same Agreement.

eConnect

By: /s/  Thomas S. Hughes
Print:   Thomas S. Hughes
Title:   Chairman & CEO

Executive

By: /s/  Stephen E. Pazian
Print:   Stephen E. Pazian

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00010-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00010-of-00352.parquet"}]]