EMPLOYMENT AGREEMENT BY AND BETWEEN THE COMPANY AND Georgios Polyhronopoulos
DATED May 16, 1998 EMPLOYMENT AGREEMENT THIS EMPLOYMENT AGREEMENT (the
"Agreement"), effective as of the 1st day of May 1998, by and between Card-Smart Corp, a Nevada
corporation with its principal place of business located at 38820 N. 25th Avenue, Phoneix, AZ 85027
(hereinafter referred to as "Company" or "Employer") and Georgios Polyhronopoulos (hereinafter referred to as
the "Employee"). The Company hereby employs the Employee and the Employee hereby accepts employment on
the terms and conditions hereinafter set forth.
Subject to the provisions for termination hereinafter provided, the initial term of this Agreement shall commence
on May 15, 1998 and terminate on May 15, 2000, and shall continue hereafter on a year to year basis unless
terminated by the Company by delivery of written notice to the Employee not later than thirty (30) days prior to
the date for termination as indicated in said notice.
2. Compensation and Performance Review
The employee shall receive a salary of $12,000 per year, paid on a monthly basis.
Employee is engaged as the President, Chief Executive Officer, and Chief Financial Officer of the Company. In
such capacities, Employee shall exercise detailed supervision over the operations of the Company subject,
however, to control by the Board of Directors. The Employee shall perform all duties incident to the title of
President, Chief Executive Officer, and Chief Financial Officer and such other duties as from time to time may be
assigned to him by the Board of Directors.
4. Best Efforts of Employee.
The Employee shall devote his best efforts to the business of the Company and to all of the duties that may be
required by the terms of this Agreement to the reasonable satisfaction of the Company. The Employee shall at all
times faithfully, with diligence and to the best of his ability, experience and talents, perform all the duties that may