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Exhibit 10.1
CORPORATE CONSULTING AGREEMENT
This Agreement ("Agreement") dated May 23, 2005, is by and between Bootie Beer
Company, Inc. (the "Company"), a Florida corporation located at 620 North
Denning Drive, Suite 100, Winter Park, FL 32789 and Mike Novielli (the
"Consultant"), a New York resident, located at 1110 Rt. 55, Suite 206, Town
Square, LaGrangeville, NY 12540.
WHEREAS, the Company is a private company engaged in the business of the
development, commercialization, and distribution of Bootie Beer as well as other
potential cash flow opportunities (the "Business");
WHEREAS, Consultant has unique experience, knowledge and skills that will
enhance the operation of the Business;
WHEREAS, the Company desires to obtain the benefits of Consultant's experience
and know-how in connection with the operation of the Business, and accordingly,
the Company has offered to engage Consultant to render consulting and advisory
services to the Company on the terms and conditions hereinafter set forth;
WHEREAS, Consultant desires to accept such engagement upon such terms and
conditions hereinafter set forth.
NOWTHEREFORE in consideration of the foregoing, the parties agree as follows:
Section 1. SERVICES RENDERED
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Consultant shall (i) advise the Company with respect to operations, business
strategy, and other matters pertaining to the Business as shall be specified
from time to time by the Company's President and/or such other officer(s) as the
Company's Board of Directors shall designate to have principal responsibility
for the operation of the Business and (ii) assist in reviewing material
transactions. Consultant shall use its staff and other facilities to monitor the
corporate position of the Company and report to the Board of Directors of the
Company from time to time. Consultant's staff also shall provide advice
concerning economic factors and trends that may be relevant to the Company's
plans for distribution and growth.
During the term of this Agreement, the Consultant shall render to the Company,
in relation to the operations of the Company, domestic marketing and oversight
including advisory and consulting services.
Consultant shall (i) review, transfer and submit to the SEC all filings in
proper electronic EDGAR recognized format on behalf of the Company.
Section 2. COMPENSATION
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For services rendered under Section 1, Consultant shall be paid the following,
by the Company:
(a) CONSULTING FEES. In consideration for the availability of Consultant during
the term hereunder and the services rendered pursuant to this Agreement,
promptly upon execution of the merger of, the Company into a publicly traded
entity, the Company will issue to Michael Novielli, as designee for the
Consultant, as payment two million four hundred and ninety-three thousand seven
hundred and fifty (2,493,750) fully paid and non-assessable shares of Common
Stock of the Company (the "Shares"). In addition, the Consultant shall be paid
$15,000 (fifteen thousand dollars) per month on the 1st business day of each
month for the Term of the Agreement. The Consultant agrees to accrue the $15,000
consulting fee.
(b) REIMBURSEMENT OF EXPENSES. The Company shall reimburse Consultant for those
reasonable and necessary out-of-pocket expenses which have been approved by the
President of the Company prior to their incurrence and which have been incurred
by Consultant in connection with the rendering of services hereunder. Any
reimbursement to be made by the Company pursuant to this Section shall be made
following submission to the Company by Consultant of reasonable documentation of
the expenses incurred.
(c) REGISTRATION. The Shares issued hereunder shall be registered under an S-8
Registration Statement within five (5) business days once the company has become
publicly traded. The Consultant represents that the services to be provided
under this Agreement are not in connection with the offer or sale of securities
in a capital-raising transaction, and do not directly or indirectly promote or
maintain a market for the Company's securities.
Section 3. RELATIONSHIP OF PARTIES
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This Agreement shall not constitute an employer-employee relationship. It
is the intention of each party that Consultant shall be an independent
contractor and not an employee of the Company. The Company shall not withhold
any amounts therefrom as U.S. federal or state income tax withholding, or as
employee contribution to Social Security or any other employer withholding
applicable under state or federal law.
Section 4. TERM
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The term of this Agreement shall be twelve months commencing on the date
and year first above written.
Section 5. EXCLUSIVITY
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The Consultant shall be the Company's exclusive advisor for services
performed as outlined under Section 1. of this Agreement. Exclusive of Gemstone
Securities, the Company shall not retain any agents, brokers, bankers,
consultants, advisors, finders or other party for the purpose of performing any
of the services outlined under Section 1. of this Agreement, without the prior
written approval of Consultant, which Consultant may withhold in its sole
discretion.
Section 6. TERMINATION
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This Agreement may be terminated by either party with or without cause with
thirty days prior written notice given by the terminating party. Termination of
the Agreement does not relieve the Company of its obligation to remunerate
Consultant pursuant to this Agreement, and the Shares issued to Consultant upon
execution of this Agreement shall be non-refundable. Upon termination, any
outstanding remuneration due Consultant for services rendered shall be paid
within 3 (three) business days following termination.
Section 7. INDEMNIFICATION
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(a) In consideration of Consultant' execution and delivery of the this
Agreement, the Company shall defend, protect, indemnify and hold harmless
Consultant and all of its officers, directors, employees and direct or indirect
investors and any of the foregoing person's agents or other representatives
(including, without limitation, those retained in connection with the
transactions contemplated by this Agreement) (collectively, the "CONSULTANT
INDEMNITEES") from and against any and all actions, causes of action, suits,
claims, losses, costs, penalties, fees, liabilities and damages, and expenses in
connection therewith (irrespective of whether any such Indemnitee is a party t






