Exhibit 10.2
CONSULTING AGREEMENT
THIS AGREEMENT, made as of the 1st day of October, 2001, by and between
APOGEE BUSINESS CONSULTANTS, LLC, a Nevada limited liability corporation located
at 0000 Xxxxxxx Xxxxxx, Xxxxx X, Xxxxx, Xxxxxxx 00000 (hereinafter referred to
as "Consultant") and COLUMBIALUM, LTD. a Nevada corporation located at 0000 X.
Xxxxxxx Xxxxxx, Xxxxx, XX 00000 (hereinafter referred to as the "Company").
WHEREAS, the Company, and/or its assigns, desires to obtain the benefit
of the services of Consultant, and/or its assigns, 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 Consultant
and Consultant hereby agrees to render consulting services to the Company for a
period of six months commencing on October 1, 2001 and ending on March 31, 2001.
The Company may renew this Agreement for an additional six-month term under the
same terms and conditions set forth herein. Either party may cancel this
Agreement with written notice given to the other party thirty days in advance of
the intended cancellation date.
2. Services to be Rendered. The services to be rendered by Consultant
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
hereunder, Consultant shall receive a fee of $7,500 per month for the term of
this Agreement and any renewal. Monthly fees are payable in advance on the first
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of each month. All expenses incurred by Consultant on behalf of the Company will
be reimbursed promptly upon receipt of documentation, although Consultant agrees
that all travel and entertainment expenses must be pre-approved by the Company.
4. Additional Consideration. In addition to the consideration in
paragraph three above, Consultant shall also receive 100,000 restricted shares
of the Company's common stock which the Company agrees to include in ay
registration statement filed with the Securities and Exchange Commission. The
Company also agrees that the Consultant may purchase the equivalent of 200,000
shares of its common stock at approximately $0.001 per share, through the
Company's proposed initial convertible debenture offering.
5. Consideration for Other Services. In addition to the payments
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.
6. Consideration for Other Services after Termination. In the event
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 3 hereof, with the same force and effect as if this
Agreement had not in effect been terminated.
7. Exclusions. This Agreement specifically excludes financial
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.
8. Entire Agreement. This instrument contains the entire agreement of
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.
9. Florida Law. This Agreement shall be construed according to the 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.
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10. Venue. The Consultant and the Company each agree that any legal or
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.
11. Waive Jury Trial. The Company and the Consultant each hereby waive
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: /s/ D. Xxxxx Xxxxxxx
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D. Xxxxx Xxxxxxx, President
COLUMBIALUM, LTD.
By: /s/ Xxxx Xxxxxxxxxx
---------------------------------
Xxxx Xxxxxxxxxx, President
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EXHIBIT A
SCOPE OF WORK
1. To review and/or prepare documentation regarding all actions taken by
the Board of Directors from inception of the Company to present.
2. To provide guidance in stock issuance to founders and key employees
relative to a tax-free stock exchange; to prepare necessary
documentation to produce desired outcome including issuance of stock
certificates, board actions, letters to shareholders, shareholder
lists, agreements not to sell shares, etc.
3. To assist the Company and legal counsel with preparation of
documentation to consummate a reverse merger between the Company and a
publicly traded corporation including, but not limited to, definitive
agreements, plan(s) of reorganization, board resolutions, registration
statements (Forms S-8 and SB-2), information statements, directors and
officers questionnaires, Forms 3 and 4, Schedules 13-D, and Forms 8-K,
10-Q and 10-K.
4. To direct printing company regarding the electronic filing (through
XXXXX) of documents outlined in Item 3 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.
5. To prepare and file all documents necessary for Company's name change,
new CUSIP number, new trading symbol, etc.
6. To review and advise on press releases.
7. 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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