MEDIATION AGREEMENTArbitration or Mediation Agreement |
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At a mediation conference held on June 7, 2005 in Maitland, Florida pursuant to Florida’s Mediation Confidentiality and Privilege Act, Telzuit Technologies, Inc., Telzuit Technologies, LLC, Stephan V. Kroecker, and Bernadette E. Kroecker agreed as follows:
1. Telzuit Technologies, LLC shall transfer Stephan’s 1,500,000 Class A Membership interests from him individually to the Kroecker’s as husband and wife, tenants by the entireties. That amount represents their entire ownership interest in the LLC.
2. Telzuit Technologies, Inc. shall pay to the trust account of Kroeckers’ counsel the sum of $100,000.00, payable as follows:
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a. |
$25,000 within 5 days of this date |
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b. |
$25,000 on or before August 1, 2005 |
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c. |
$25,000 on or before October 1, 2005 |
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d. |
$25,000 on or before December 1, 2005 |
3. Telzuit Technologies, Inc. and Telzuit Technologies, LLC will treat the Kroeckers the same as every other shareholder or member.






