EXHIBIT 10.2
Consulting Agreement
This Agreement is entered into as of the 13th day of June, 2000, by and
between VentureNet, Inc. (formerly, Internet Stock Market Resources, Inc.), a
Delaware corporation (the "Company") and C. Keith Byington ("Consultant').
In consideration of the mutual covenants and conditions contained
herein, the sufficiency of which is hereby acknowledged, the parties agree as
follows:
1. The Company hereby engages Consultant to serve as an advisor to the
Company on financial and strategic matters ("Consulting Services").
Consultant agrees to provide these services on an "as needed, as
available basis." Consultant may provide the services from any location
desired and may confer with the Company by telephone. Consultant shall
only be obligated to confer with the CEO of the Company.
2. The term of this Agreement will be for one year from the date hereof.
This Agreement may be terminated prior to the completion of the term by
either party, but a termination by the Company shall not relieve the
Company of its obligation to make the required payments hereunder to
Consultant.
3. The Company shall pay to Consultant for the Consulting Services 72,000
shares of common stock in the Company, which shares shall be registered
and free trading (the "Shares"). The Shares shall be awarded and
delivered on January 1, 2001. The Company shall not take any action
which will result in dilution of the Shares.
4. In the event any litigation or controversy arises out of or in
connection with this Agreement between the parties hereto, the
prevailing party in such litigation or controversy shall be entitled to
recover from the other party or parties all reasonable aftorneys' fees,
expenses, and suit costs, including those associated with any appellate
or post judgment collection proceedings.
5. The original and one or more copies of this Agreement may be executed
by one or more of the parties hereto. In such event, all of such
executed copies shall have the same force and effect as the executed
original, and all of such counterparts, taken together, shall have the
effect of a fully executed original.
6. This Agreement shall be construed and regulated under and by the laws
of the State of Florida, without reference to Florida's choice of law
decisions, and any action brought to enforce or interpret this
Agreement shall be brought only in the federal or state court having
competent jurisdiction and sifting in Pinellas County, Florida. This
Agreement shall inure to the benefit of and be binding upon the parties
hereto and their heirs, personal representatives, successors, and
assigns.
7. The Company shall indemnify and hold harmless Consultant against any
and all claims arising out of his engagement with the Company under
this Agreement.
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The parties have signed this Agreement as of the day and year first
above written.
The Company:
VentureNet, Inc.
By:
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Michael Brette, President
Consultant:
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C. Keith Byington
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