Exhibit 99.1
CONSULTING AGREEMENT
This
CONSULTING AGREEMENT
(the "Agreement")
entered into effective
this
3rd day of February, 2005, by and between Amazon Biotech, Inc., a Utah
corporation ("AMZB") and Halcyon, S.A., a
Panamanian corporation ("Consultant").
WHEREAS,
Consultant has agreed
to provide business strategy consulting
services to AMZB; and
WHEREAS,
this Agreement is made
to set out the
compensation,
conditions
and guidelines that will govern the
relationship between the parties.
NOW,
THEREFORE,
in consideration of the mutual promises and covenants
contained herein, the receipt and
sufficiency of which is expressly acknowledged
by the parties hereto, the parties agree as
follows:
1. The Services. Effective the date above (the
"Effective Date"),
and for the
term of this Agreement, Consultant will provide
business strategy consulting
services, including, but not limited to,
reviewing, revising,
and developing a
business plan, model, and growth strategy
for AMZB (the "Services"). Consultant
has not been engaged to perform, nor does Consultant agree to perform any
services in connection with capital raising transactions. It is mutually
understood and agreed that any fees for the
Services provided by Consultant,
which result in some benefit for AMZB in connection with a capital raising
transaction, shall be negotiated separately
from this Agreement.
2. Term of Agreement. Unless otherwise terminated as provided
hereunder,
the
Services shall be provided to AMZB from the
Effective Date through April 30,
2005. This Agreement may be renewed at the
option of the parties.
3. Costs and Expenses. AMZB understands that, in the course of Consultant's
efforts to develop AMZB's corporate image,
it may be necessary for Consultant to
incur certain costs or expenses. AMZB will
reimburse Consultant for the costs or
expenses by Consultant in providing the
Services to AMZB, provided such expenses
are approved by AMZB in writing in
advance.
4. Payment for Services. In consideration
for the services, AMZB agrees to issue
to Consultant 1,500,000 shares (the "Shares") of common stock for services
rendered.
5. Investment Representations;
Registration.
(a)
Investment
Representations.
(i) The Consultant
represents
that the Consultant has been given
full and complete access to AMZB for the purpose of
obtaining such
information
as the Consultant or its qualified
representative
has reasonably
requested in
connection with the decision to acquire the
Shares. The Consultant
represents
that such Consultant has been afforded the
opportunity to ask
questions of the
officers of AMZB regarding its business
prospects and the Shares, all as the
Consultant or the Consultant's qualified
representative have
found necessary to
make an informed investment decision to
purchase the Shares.
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<PAGE>
Exhibit 99.1
(ii) The Consultant
has been advised that
the Shares have not been
registered under the Securities Act or any
other applicable
securities laws and
that Shares are being offered and sold pursuant to Section 4(2) of the
Securities Act and Rule 506 of Regulation D
thereunder, and that AMZB's reliance
upon Section 4(2) and Rule 506 of Regulation D is predicated in part on the
Consultant representations as contained
herein. The Consultant acknowledges that
the Shares will be issued as "restricted securities" as defined by Rule 144
promulgated pursuant to the Securities Act.
None of the Shares may be resold in
the absence of an effective registration thereof under the Securities Act and
applicable state securities laws unless,
in the opinion of
AMZB's counsel, an
applicable exemption from registration is
available.
(iii) The Consultant represents that the Consultant is acquiring
the
Shares for the Consultant's own account, and not as nominee or agent, for
investment purposes only and not with a
view to, or for sale in connection with,
a distribution, as that term is used in Section
2(11) of the Securities Act, in
a manner which would require registration under the Securities
Act or any state
securities laws.
(iv) The Consultant
understands and
acknowledges that the
Shares,
when issued, will bear the following
legend:
THE SECURITIES
EVIDENCED BY THIS
CERTIFICATE
HAVE NOT
BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS
AMENDED, OR
THE SECURITIES LAWS OF ANY STATE. THE
SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT
BE SOLD OR TRANSFERRED
FOR VALUE IN THE
ABSENCE OF AN
EFFECTIVE REGISTRATION
THEREOF UNDER THE SECURITIES ACT
OF 1933 AND/OR THE
SECURITIES ACT OF ANY
STATE HAVING
JURISDICTION OR AN OPINION OF COUNSEL ACCEPTABLE TO THE
CORPORATION THAT SUCH REGISTRATION IS NOT REQUIRED UNDER
SUCH ACT OR ACTS.
(v) The Consultant
acknowledges that an investment in the Shares is
not liquid and is transferable only under limited conditions. The Consultant
acknowledges that such Shares must be held indefinitely unless they are
subsequently registered under the Securities Act or an exemption from such
registration is available. The Consultant
is aware of the provisions of Rule 144
promulgated under the Securities Act, which
permits limited resale of restricted
securities subject to the satisfaction of
certain conditions and that such Rule
is not now available and, in the future,
may not become
available for resale of
any of the Shares.
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<PAGE>
Exhibit 99.1
(vi) The Consultant
is an "accredited investor" as defined under
Rule 501 under the Securities Act.
(vii) Consultant
acknowledges
that it is able to protect its
interests in connection with the acquisition of the Shares and can bear the
economic risk of investment in such securities without producing a material
adverse change in Consultant's financial
condition. Consultant,
either alone or
with the Consultant's representative(s), otherwise has such knowledge and
experience in financial or business matters that Consultant is capable of
evaluating the merits and risks of the
investment in the Shares.
(viii) The
Consultant
has a preexisting personal or business
relationship with AMZB, one or more of its officers,
directors or
controlling
persons, or one of the selling agents of
AMZB, if any.
(ix) The Consultant
represents,
warrants and covenants
that it is
not acquiring the Shares as part of a group
within the meaning of Section
13(d)(3) of the Securities Exchange Act of
1934, as amended.
(b)
Registration.
(i) Registration
Rights. If, at any time after March 21,
2005 and
expiring March 21, 2008, AMZB proposes to register any of
its securities
under
the Securities Act (except for registrations on Forms S-8 or S-4 or their
equival