Unassociated Document


    EXHIBIT
10.58

    


    Agreement

     

    THIS
AGREEMENT dated as of fective Date of Agreement ( November 1st, 2009)
between Delta Mutual, Inc. a public company , of 14362 Frank Lloyd Wright Blvd.
Suite 1103, Scottsdale, AZ. 85260 is (the "1st Party") and ValuCorp of 11811
North Tatum Blvd., Suite 3031, Phoenix, AZ. 85028, of (the "2nd
Party").

     

    IN
CONSIDERATION of the mutual covenants and conditions hereinafter set forth and
for other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the parties agree as follows:

    


    
      	
              1.

            	
              ValuCorp
      agrees to provide the services of Mr Michael Gilburd, ASA, MST, as acting
      Intim Chief Finacial Officer of Delta Mutual, Inc. The parties acknowledge
      that ValuCorp whose services are engaged is an independent contractor and
      is not an employee of Delta Mutual, Inc. and is not subject to any
      employee benefits or insurance.

            


    

    


    
      	
              2.

            	
              Said
      Services shall begin starting with the month of November
    2009.

            


    

    


    
      
        	
                3.

              	
                ValuCorp
      shall be paid a monthy fee of US$5,000.00 per month on or about the
      25th.
      Of each month for that current month. If out of town travel isrmi4ed by
      the 1st
      company, to the 2nd.
      company, then an additional $1,500, per day expenses shall be added to the
      monthly charge. Further, ValuCorp acknowledges that it has received
      payment covering the months of November and December 2009 as well as
      prepayment for the months of January and February 2010. ValuCorp's
      services shall include (but not limited to) those items, project and
      responsibilities as listed in the attached schedule, marked "Schedule A"
      and sub headed "CFO". The parties acknowledge that upon determination by
      either party that effective March 1st
      2010, either party may provide a 10 notice to either party of its
      determination to cease said agreement without further compensation to
      ValuCorp. It is further stated that during the contracted period, ValuCorp
      (via Michael Gilburd) shall be permitted to "hold himself out to the
      public" as the intrim CFO of Delta Mutual, Inc. ValuCorp has acknowledged
      that weekly scheduled meetings with the Management of Delta Mutual, Inc.
      are incorporated into the responsibility of this
  agreement.

              


      

    

    


    
      	
              4.

            	
              This
      Agreement is sets forth the entire agreement between the parties relating
      to the subject matter hereof and stands in the place of any previous
      agreement, whether oral or in writing. The parties agree that no amendment
      to this Agreement shall be binding upon the parties unless it is in
      writing and executed by both
parties.

            


    

    


    
      	
              5.

            	
              This
      Agreement shall enure to the benefit of and be binding upon the respective
      heirs, executors, administrators and assigns of each of the parties
      hereto.

            


    

    


    
      	
              6.

            	
              This
      Agreement may be executed in one or more counterparts, each of which when
      so executed shall be deemed to be an original and such counterparts
      together shall constitute one and the same
  instrument.

            


    

    
      


    

    
      	
              7.

            	
              The
      parties acknowledge that this Agreement may be negotiated and transmitted
      between the parties by means of a facsimile machine and that the terms and
      conditions agreed to are binding upon the parties. Upon the Agreement
      being accepted, copies of the facsimile will be validated by both parties
      forthwith.

            


    

     

    
      
        	IN WITNESS WHEREOF this
      Agreement has been executed by the parties hereto as of the date first
      above written.  	  
	 
      	 
      
	  	  


      

    

     

    
      
         


      

      
         


        
          

        

      

      
         


      

    

     

    SCHEDULE
A

    SUMMARY

     

    Responsible
for all financial and fiscal management aspects of company operations. Provide
leadership and coordination in the administrative, business planning, accounting
and budgeting efforts of the company.

     

    PRIMARY
RESPONSIBILITIES

     

    
      	
            	
              1.

            	
              Create,
      coordinate, and evaluate the financial programs and supporting information
      systems of the company to include budgeting, tax planning, real estate,
      and conservation of assets.

            


    

    
      	
            	
              2.

            	
              Evaluate
      joint venture agreements and monetary
value.

            


    

    
      	
            	
              3.

            	
              Approve
      and coordinate changes and improvements in automated financial and
      management information systems for the
company.

            


    

    
      	
            	
              4.

            	
              Ensure
      compliance with local, state, and federal reporting
      requirements.

            


    

    
      	
            	
              5.

            	
              Oversee
      the approval and processing of revenue, expenditure, and position control
      documents, budgets, salary updates, ledger, and account maintenance and
      data entry.

            


    

    
      	
            	
              6.

            	
              Coordinate
      the preparation of financial statements, financial reports, special
      analyses, and information reports.

            


    

    
      	
            	
              7.

            	
              Develop
      and implement finance, accounting, billing, and auditing
      procedures.

            


    

    
      	
            	
              8.

            	
              Establish
      and maintain appropriate internal control
  safeguards.

            


    

    
      	
            	
              9.

            	
              Interact
      with others in management to provide consultative support to planning
      initiatives through financial and management analyses, reports, and
      recommendations.

            


    

    
      	
            	
              10.

            	
              Ensure
      records systems are maintained in accordance with generally accepted
      auditing standards.

            


    

    
      	
            	
              11.

            	
              Develop
      and direct the implementation of strategic business and/or operational
      plans, projects, programs, and
systems.

            


    

    
      	
            	
              12.

            	
              Assist
      in obtaining the necessary licenses and insurance
  required.

            


    

    
      	
            	
              13.

            	
              Analyze
      cash flow, cost controls, and expenses to guide business leaders. Analyze
      financial statements to pinpoint potential weak
  areas.

            


    

    
      	
            	
              14.

            	
              Establish
      and implement short- and long-range goals, objectives, policies, and
      operating procedures.

            


    

    
      	
            	
              15.

            	
              Serve
      on planning and policy-making
committees.

            


    

    
      	
            	
              16.

            	
              Other
      duties as assigned.

            


    

    
      	
            	
              17.

            	
              Represent
      the company externally to media, government agencies, funding agencies,
      and the general public.

            


    

    
      	
            	
              18.

            	
              Recruit,
      train, supervise, and evaluate additions to
  staff.