CONSULTING AGREEMENT
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THIS AGREEMENT, made as of the 6th day of May, 2005, by and between Apogee
Business Consultants, LLC, a Nevada limited liability corporation (hereinafter
referred to as "Consultant") and Taylor Madison Corp., a Florida corporation and
its wholly owned subsidiary, Telzuit Technologies, Inc., located at 0000 Xxxxxxx
Xxxxx, Xxxxx 000, Xxxxxxx, Xxxxxxx 00000 (hereinafter referred to as the
"Company").
WHEREAS, the Company desires to obtain the benefit of the services of
Consultant as a consultant in connection with mergers, acquisitions,
transactions relating to the NASD, to NASDAQ qualification and/or reporting
requirements with the Securities and Exchange Commission, and transactions of a
similarly related nature; and
WHEREAS, Consultant desires to render such services to the Company.
NOW, THEREFORE, in consideration of the mutual covenants and conditions
herein contained and the acts herein described, it is agreed between the parties
as follows:
1. Term of Agreement. The Company hereby engages and retains
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Consultant and Consultant hereby agrees to render consulting services to the
Company for a period of six months commencing on May 6, 2005 and ending on
October 6, 2005.
2. Services to be Rendered. The services to be rendered by Consultant
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shall consist of business advice concerning opinions desired by the Company from
Consultant on matters in connection with the operation of the business of the
Company and as further outlined in the attached Exhibit "A". Consultant shall
have the sole discretion as to the form, manner and place in which said advice
shall be given, and shall at no time be under any obligation whatsoever to
render a written opinion or report in connection with any advice it may give to
the Company concerning any matters of the Company with regard to its business.
An oral opinion by Consultant to the Company shall be considered sufficient
compliance with the requirements of this paragraph. At the Company's request,
Consultant shall also seek out, meet with and negotiate with companies and other
entities to be considered for mergers with, or acquisition by, the Company.
Consultant, when reasonably requested by the Company, shall devote only such
time as Consultant may deem necessary to the matters of the Company, and shall
not by this agreement be prevented or barred from rendering services of the same
or similar nature, as herein described, or services of any nature whatsoever for
or on behalf of persons, firms or corporations other than the Company.
3. Consideration. As consideration for the Consultant's services
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hereunder, Consultant shall receive a consulting fee of $10,000 per month, for
the five month period. This amount shall be paid $25,000 upon execution of this
Agreement and $25,000 within 15 days of the above date.
4. Consideration for Other Services. In addition to the payments
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provided by paragraph three above, on all acquisitions, mergers, or other
similar business combinations that the Company may consummate during the term of
this Agreement, which were introduced or initiated directly or indirectly by
Consultant or for which the Company requested the Consultant's assistance or
participation, the Company shall pay Consultant an amount negotiated between the
Company and the Consultants prior to the Consultant performing any such work.
Such payment will take into account the form of the transaction and the types of
consideration being conveyed.
5. Consideration for Other Services after Termination. In the event
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that Consultant has introduced or initiated an acquisition, merger or other
business combination during the effective period of this Agreement or in the
event that the Company has requested the Consultant to assist with or
participate in an acquisition, merger or other business combination during the
effective period of this Agreement, and a closing shall take place after the
termination of this Agreement, payment shall be made to Consultant on the basis
set forth in paragraph 5 hereof, with the same force and effect as if this
Agreement had not in effect been terminated.
6. Exclusions. This Agreement specifically excludes financial
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responsibility by Consultant for any fees incurred on behalf of the Company
related to legal, accounting, printing, filing, shipping, or any other
ancillary costs which may be incurred to consummate transactions for the
Company. The Consultant agrees to inform the Company's management of all
foreseeable fees and the Company agrees to pay the incurred fees as directed by
the Consultant.
7. Entire Agreement. This instrument contains the entire agreement of
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the parties. There are no representations or warranties other than as contained
herein. The Company shall indemnify and hold harmless the Consultant from and
against any losses, claims, damages or liabilities related to or arising out of,
any services rendered to the Company pursuant to the terms of this Agreement.
No waiver or modification hereof shall be valid unless executed in writing with
the same formalities as this Agreement. Waiver of the breach of any term or
condition of this Agreement shall not be deemed a waiver of any other or
subsequent breach, whether of like or of a different nature.
8. Florida Law. This Agreement shall be construed according to the
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laws of the State of Florida (exclusive of the conflicts of law provisions
thereof) and shall be binding upon the parties hereto, their successors and
assigns.
9. Venue. The Consultant and the Company each agree that any legal or
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equitable action or proceeding with respect to this Agreement shall be brought
in any Federal or State court of competent jurisdiction located in the County of
Hillsborough, City of Tampa, and, by execution and delivery of this Agreement,
each accepts for themselves and their property, generally and unconditionally,
the exclusive jurisdiction of the aforesaid courts and any related appellate
court with respect to this Agreement, and irrevocably agree to be bound by any
judgment rendered thereby in connection with this Agreement, and irrevocably
waive any obligation they may not or hereafter have as to the venue of any such
action or proceeding brought in such a court or that such court is an
inconvenient forum. The Company and the Consultant each consent to the service
of process of any of the aforementioned courts in any such action or proceeding
by mailing of copies thereof by registered mail, postage prepaid, such service
to become effective three business days after such mailing. In any such
proceeding, the prevailing party shall be entitled to an award of fees and
disbursements of counsel.
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10. Waive Jury Trial. The Company and the Consultant each hereby waive
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trial by jury in any judicial proceeding brought by either of them with respect
to this agreement.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement the day
and year first above written.
APOGEE BUSINESS CONSULTANTS, LLC
By:
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D. Xxxxx Xxxxxxx President
TAYLOR MADISON CORP.
and its wholly owned subsidiary,
TELZUIT TECHNOLOGIES, INC.
By:
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Xxxxxx Xxxxxx, President
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EXHIBIT A
SCOPE OF WORK
1. To Assist the Company in obtaining a listing on the OTCBB.
2. To assist the Company and legal counsel with preparation of documents
including, but not limited to, definitive agreements, plan(s) of
reorganization, board resolutions, registration statements (Forms S-8 and
SB-2), information statements 14(f)1 and DEF 14C, directors and officers
questionnaires, Forms 3 and 4, Schedules 13D, and Forms 8-K, 10-QSB and
10-KSB.
3. To assist in the electronic filing (through XXXXX) of documents outlined in
Item 2 above, and others as may be required by regulations promulgated by
the Securities and Exchange Commission or stock exchange; and the printing
of stock certificates per the Company's desire.
4. To prepare and file such other documents as necessary for the Company.
5. To review and advise on press releases.
6. To assist the Company in transactions involving the Company's transfer
agent and others regarding the issuance of shares, shareholder lists,
mailing of information statements, obtaining NOBO listings, DTC reports,
etc.
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