Eye Cash Networks Inc – ‘POS AM’ on 8/8/00 – EX-10.49

On:  Tuesday, 8/8/00, at 2:30pm ET   ·   Accession #:  1084178-0-261   ·   File #:  333-79739

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Post-Effective Amendment
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: POS AM      Post-Effective Amendment                              94±   461K 
 2: EX-10.47    Letter of Intent With Respect to Proposed Purchase     7±    29K 
                          of Shares of National Data Funding                     
                          Corporation.                                           
 3: EX-10.48    Shares Sale Contract                                   3±    13K 
 4: EX-10.49    Amended Agreement With Top Sports, Dated June 20,      2±    11K 
                          2000                                                   
 5: EX-13.1     Form 10-Qsb Filed on May 30, 2000                    172±   731K 
 6: EX-13.2     Form 10-Ksb Filed on May 9, 2000                     181±   766K 
 7: EX-23       Consent of Independent Certified Public                1      5K 
                          Accountants                                            

EX-10.49   —   Amended Agreement With Top Sports, Dated June 20, 2000

AGREEMENT         

This Agreement is entered into this 20th day of July, 2000, by and              
between eConnect, a Nevada corporation, and Top Sports, S.A. ("Top              
Sports"), a Dominican Republic entity.                                          
WHEREAS, the eConnect and Top Sports (each a "Party" and both                   
collectively referred to herein as the "Parties") entered into an               
agreement, dated December 9, 1999, by which eConnect obtained a 50%             
interest in Top Sports, and                                                     
WHEREAS, Paul Egan, the owner of the common stock of Top Sports,                
received a portion of the consideration described in the December 9,            
1999 agreement, for this 50% interest, and                                      
WHEREAS, the Parties entered into a second agreement, dated January 1,          
2000, by which eConnect was to purchase the remaining portion of Top            
Sports, and                                                                     
WHEREAS, the Parties, by verbal agreement dated June 20, 2000, agreed           
to modify the two previous agreements,                                          
THE PARTIES HEREBY AGREE AS FOLLOWS:                                            
1.   eConnect shall establish "eConnect Caribbean, S.A." as a               
Dominican Republic subsidiary.                                        
2.   Paul Egan shall be employed as the President of eConnect                   
Caribbean, S.A. for a term of three years.                                      
3.   Mr. Egan shall receive twenty-five percent (25%) of the common             
stock of eConnect Caribbean, S.A.                                               
4.   Mr. Egan shall tender to eConnect all common stock in Top Sports           
together with all signatures, endorsements, and other representations           
required to transfer ownership of the stock to eConnect.                        
5.   Mr. Egan represents that upon the tendering of the common stock            
referenced above, eConnect will own 100% of the common stock of Top             
Sports.                                                                         
6.   Mr. Egan agrees to resign from the Board of Directors, or other            
similar governing body, of Top Sports.                                          
7.   Mr. Egan shall keep all consideration he has received to-date              
under the December 9, 1999 and January 1, 2000 agreements, and is               
entitled to no other consideration under either of those agreements.            
8.   The Parties agree to negotiate a formal employment contract for            
Mr. Egan.                                                                       
9.   The effective date of this Agreement shall be April 1, 2000.               
Each Party shall bear its own expenses incident to the preparation,             
negotiation, execution and delivery of this Agreement and the                   
performance of its obligations hereunder. As each Party contributed to          
the drafting of the Agreement, the rule holding that language in an             
agreement shall be interpreted against the drafting party shall not be          
applied in the interpretation of this Agreement.                                
The failure of either Party to insist upon strict adherence to any              
term of this Agreement on any occasion shall not be considered a                
waiver or deprive that Party of the right thereafter to insist upon             
strict adherence to that term or any other term of this Agreement. Any          
waiver must be in writing.                                                      
This Agreement supersedes all prior agreements among the Parties with           
respect to its subject matter, including the December 9, 1999 and               
January 1, 2000 agreements, and cannot be changed or terminated                 
orally.                                                                         
This Agreement may be executed in two or more counterparts, each of             
which shall be considered an original, but all of which together shall          
constitute the same instrument.                                                 
This Agreement and (unless otherwise provided) all amendments hereof            
and waivers and consents hereunder shall be governed by the internal            
law of the State of Nevada, without regard to the conflicts of law              
principles thereof. In the event of a dispute concerning the terms of           
this Agreement or the payment of any fees due hereunder, the dispute            
shall be submitted to binding arbitration pursuant to rules of the              
American Arbitration Association.                                               
In the event that any provision of this Agreement is held to be                 
unenforceable, the remainder of this Agreement shall continue in                
effect to the extent possible in order to continue the original intent          
of this Agreement.                                                              

IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to            
be executed by their respective officers, hereunto duly authorized,             
and entered into as of the date first above written.                            
Top Sports, S.A.                      eConnect              
By: /s/ Paul Egan                  By: /s/ Thomas S. Hughes                 

Print Name:                        Print Name:                              
Paul Egan                          Thomas S. Hughes                         

Title: President                   Title:   Chairman and CEO                

Dates Referenced Herein

This ‘POS AM’ Filing		Date		Other Filings
Filed on:		8/8/00		None on these Dates
		6/20/00
		4/1/00
		1/1/00
		12/9/99
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