ADVERTISING AGREEMENT
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THIS ADVERTISING AGREEMENT (the "Agreement") is made and entered into as of May 19, 2004 by and between AngelCiti Entertainment, Inc., a Nevada corporation, (hereinafter referred to as "AngelCiti") with an office at 9000 Sheridan Street, Suite 7, Pembroke Pines, FL 33024 and Corinth IV eirl with an address at Centro Colon, Octavo Piso, Saliendo de la Lavador, Mano Izqueirda, Puerta de Madera, San Jose, Costa Rica hereinafter referred to as (the "Consultant") (together the "Parties").
WHEREAS, the Parties desire to formalize the terms and conditions under which Consultant shall provide consulting services to the AngelCiti.
NOW, THEREFORE, in consideration of the mutual promises and covenants herein contains, and other valid consideration, receipt of which is hereby acknowledged, the Parties agree as follows:
1. TERM OF AGREEMENT AND RENEWAL.
The Agreement shall remain in effect for one year beginning June 1, 2004 and continuing through May 31, 2005. This agreement may be extended for one year by AngelCiti, upon the same terms and conditions set forth herein by presenting the Consultant with written notice of such extension within 60 days of the end of the term of this Agreement.
2. NATURE OF SERVICES TO BE RENDERED.
Consultant shall provide the AngelCiti with marketing services for its online gaming operations for increasing traffic to AngelCiti licensee websites. Consultant shall place advertising on behalf of AngelCiti and perform such other activities designed to promote the AngelCiti licensee websites.
3. COMPENSATION.
For the consulting services provided during the term of the engagement, Consultant charges a one time up front fee of 8.5 million shares of registered stock at a $.0025 cost basis, representing the "Consulting Fee". The consulting services will be for a period of 1 year. ANGELCITI will issue to Consultant within 10 business days of signing the Consulting and Marketing Agreement receipt of the Consulting Fee. Payment shall be made as directed by the Consultant to various executives and/or employees of Consultant.
4. BEST EFFORTS.
It is understood that al ...
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