Document:

<PAGE>   1
                                                               Exhibit No. 10(x)

                              CONSULTING AGREEMENT
                              --------------------

         THIS CONSULTING AGREEMENT (this "Agreement"), dated as of March 1 ,
2001, between Jackson Roscoe Motorsports, LLC, a Delaware limited liability
company (together with its successors and assigns permitted under this
Agreement, the "Company"), and Eddie Sharp, an individual residing at 8957
Harris Road Concord, NC 28027, (the "Consultant").

                              W I T N E S S E T H:

         WHEREAS, the Consultant and the Company have entered into a
Confidentiality Agreement dated as of the 1st day of February, 2001 (the
"Confidentiality Agreement"); and

         WHEREAS, the Company and the Consultant desire to enter into a
consulting arrangement.

         NOW, THEREFORE, in consideration of the premises and mutual covenants
contained herein and for other good and valuable consideration, the receipt of
which is mutually acknowledged, the Company and the Consultant (individually, a
"Party" and together, the "Parties") agree as follows:

         1. CONSULTING. The Company hereby engages the Consultant, and the
Consultant hereby agrees to serve the Company, as its consultant on the terms
and conditions set forth herein and subject to the terms and conditions of the
Confidentiality Agreement. During the Consulting Term (as defined below), the
Consultant will have access to the personnel and facilities of the Company as
deemed necessary by the Consultant.

         2. TERM. The term of this Agreement shall begin on the date hereof and
shall continue for a period of four (4) months from the date of this Agreement.
This Agreement shall automatically renew for additional one-month periods unless
terminated by either party prior to the renewal term. The term of this Agreement
shall automatically terminate upon the occurrence of any of the following: (i)
the closing by the Company of its offering for a minimum of Ten Million Dollars
($10,000,000) in equity; (ii) the date upon which the Company shall notify the
Consultant in writing that it has abandoned its offering; (iii) the employment
agreement between the Consultant and Jackson Roscoe Motorsports, LLC becomes
effective; or (iv) the termination of this Agreement as provided in Section 6.
The

<PAGE>   2

term of this Agreement as provided for in this Section 2 shall be referred to in
this Agreement as the "Consulting Term").

         3. POSITION AND DUTIES; PLACE OF PERFORMANCE.

                  (a) The Consultant shall provide such consulting services to
         the Company as are reasonably requested by the Company from time to
         time.

                  (b) The Consultant shall devote such time to performing
         services hereunder as the Consultant and the Company may mutually agree
         from time to time.

         4. CONSULTING FEE. The Consultant shall be entitled to monthly
compensation in the amount of Four Thousand Dollars ($4,000) to be paid to the
Consultant at the end of each month. Such compensation shall be prorated for any
fractional period of a calendar month during which the Consultant performed
consulting services for the Company.

         5. EXPENSE REIMBURSEMENT. During the Consulting Term, the Consultant
shall be entitled to reimbursement by the Company for all reasonable
out-of-pocket expenses incurred by the Consultant in performing services under
this Agreement (at the Company's request as aforesaid) within thirty (30) days
of submission of such accounts and records as may be reasonably required under
Company policy.

         6. TERMINATION OF CONSULTING. The Company at the Company's sole
discretion may terminate the Consultant's consulting.

         7. ASSIGNABILITY; BINDING NATURE. This Agreement shall be binding upon
and inure to the benefit of the parties and their respective successors and
assigns; provided, however, that no rights and/or obligations of the Consultant
under this Agreement may be assigned or transferred by the Consultant. The
rights and/or obligations of the Company may be freely assigned by the Company
to any entity now existing or created in the future that is owned in part or in
whole by either or both of the current Members of the Company.

         8. ENTIRE AGREEMENT. Except to the extent otherwise provided herein,
this Agreement, along with the Confidentiality Agreement, contains the entire
understanding and agreement between the Parties concerning the subject matter
hereof and supersedes any prior agreements, whether written or oral, between the
Parties concerning the subject matter hereof.

                                       2

<PAGE>   3

         9. AMENDMENT OR WAIVER. No provision in this Agreement may be amended
unless such amendment is agreed to in writing and signed by both the Consultant
and an authorized officer, director, manager, or Member of the Company. No
waiver by either party of any breach by the other party of any condition or
provision contained in this Agreement to be performed by such other party shall
be deemed a waiver of a similar or dissimilar condition or provision at the same
or any prior or subsequent time. Any waiver must be in writing and signed by the
Consultant or an authorized officer, director, manager or Member of the Company,
as the case may be.

         10. SEVERABILITY. In the event that any provision or portion of this
Agreement shall be determined to be invalid or unenforceable for any reason, in
whole or in part, the remaining provisions of this Agreement shall be unaffected
thereby and shall remain in full force and effect to the fullest extent
permitted by law.

         11. SURVIVORSHIP. The respective rights and obligations of the parties
hereunder shall survive any termination of the Consultant's consulting with the
Company to the extent necessary to the intended preservation of such rights and
obligations as described in this Agreement.

         12. GOVERNING LAW. This Agreement shall be governed by and construed
and interpreted in accordance with the laws of Delaware, without reference to
principles of conflict of laws.

         13. NOTICES. Any notice given to either party shall be in writing and
shall be deemed to have been given when delivered personally or one (1) day
after having been sent by overnight courier service or three (3) days after
having been sent by certified or registered mail, postage prepaid, return
receipt requested, duly addressed to the party concerned at the address
indicated below or to such changed address as such party may subsequently give
such notice of:

If to the Company:          Jackson Roscoe Motorsports, LLC
                            5419 Cayman Drive
                            Suite 100
                            Carmel, IN 46033
                            Facsimile No.:  978/383-8296
                            Attention:  Frederick L. McDonald II

                                       3

<PAGE>   4

With a copy to:             Benesch, Friedlander,
                            Coplan & Aronoff LLP
                            2300 BP Tower
                            200 Public Square
                            Cleveland, Ohio 44114
                            Telephone No.(216)363-4500
                            Facsimile No.(216)363-4588
                            Attention:  James M. Hill

If to the Consultant:       Eddie Sharp
                            8957 Harris Road
                            Concord, NC 28027

                            Facsimile No.: 704-792-2603
                                          -----------------------
                            Attention:  Eddie Sharp
                                      ---------------------------

With a copy to:             -------------------------------------

                            -------------------------------------

                            -------------------------------------
                            Facsimile No.:
                                          -----------------------
                            Attention:
                                      ---------------------------

         14. HEADINGS. The headings of the sections contained in this Agreement
are for convenience only and shall not be deemed to control or affect the
meaning or construction of any provision of this Agreement.

         15. COUNTERPARTS. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original but all of which
together will constitute one and the same instrument.

               [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK.]

                                       4

<PAGE>   5

         IN WITNESS WHEREOF, the Parties have executed this CONSULTING AGREEMENT
as of the date and year first above written.

                                        JACKSON ROSCOE MOTORSPORTS, LLC

                                        By: /s/ J. Roe Hitchcock
                                           -------------------------------------
                                        Its:  Managing Member

                                        CONSULTANT:

                                        /s/ Eddie Sharp
                                        ----------------------------------------
                                        EDDIE SHARP

                                       5<PAGE>   1
                                                              Exhibit No. 10(xi)

                             FanZ Enterprises, Inc.

                                     Shares
                                  Common Stock
                                ($0.01 par value)

                         Form of Broker/Dealer Agreement

                                                               ___________, 2001
[BROKER NAME]
[ADDRESS]
[CITY, STATE, ZIP]

Ladies and Gentlemen:

         FanZ Enterprises, Inc., a corporation organized under the laws of
Delaware (the "Company"), proposes to sell up to 2,500,000 shares of its common
stock, $.01 par value per share ("Common Stock") of the Company (said shares to
be issued and sold by the Company being hereinafter called the "Securities") in
a public offering which is the subject of a registration statement on Form SB-2.
The Company intends to sell the Securities to the public by itself except in
those states identified on Annex A hereto where a licensed broker/dealer is
required for the sale of the Company's Securities. You ("Broker") agree to
facilitate the sale of the Company's Securities to residents of those states
identified on Annex A hereto. Certain terms used herein are defined in Section
17 hereof.

         1. REPRESENTATIONS AND WARRANTIES OF THE COMPANY. The Company
represents and warrants to, and agrees with, the Broker as set forth below in
this Section 1.

         (a) The Company has prepared and filed with the Commission a
     registration statement (file number 333-58492) on Form SB-2, including a
     related preliminary prospectus, for registration under the Act of the
     offering and sale of the Securities. The Company may file one or more
     amendments thereto, including a related preliminary prospectus, each of
     which will be furnished to you. The Company will next file with the
     Commission either (1) prior to the Effective Date of such registration
     statement, a further amendment to such registration statement (including
     the form of final prospectus) or (2) after the Effective Date of such
     registration statement, a final prospectus in accordance with Rules 430A
     and 424(b). In the case of clause (2), the Company will include in such
     registration statement, as amended at the Effective Date, all information
     (other than Rule 430A Information) required by the Act and the rules
     thereunder to be included in such registration statement and the
     Prospectus. As filed, such amendment and form of final prospectus, or

<PAGE>   2

     such final prospectus, shall contain all Rule 430A Information, together
     with all other such required information.

         (b) On the Effective Date, the Registration Statement will, and when
     the Prospectus is first filed (if required) in accordance with Rule 424(b)
     and on the Closing Date (as defined herein) and on any date on which the
     Securities are purchased, if such date is not the Closing Date (a
     "settlement date"), the Prospectus (and any supplements thereto) will,
     comply in all material respects with the applicable requirements of the Act
     and the rules thereunder; on the Effective Date and at the Execution Time,
     the Registration Statement will not contain any untrue statement of a
     material fact or omit to state any material fact required to be stated
     therein or necessary in order to make the statements therein not
     misleading, and, on the Effective Date, the Prospectus, if not filed
     pursuant to Rule 424(b), will not, and on the date of any filing pursuant
     to Rule 424(b) and on the Closing Date and any settlement date, the
     Prospectus (together with any supplement thereto) will not, include any
     untrue statement of a material fact or omit to state a material fact
     necessary in order to make the statements therein, in the light of the
     circumstances under which they were made, not misleading; PROVIDED,
     HOWEVER, that the Company makes no representations or warranties as to the
     information contained in or omitted from the Registration Statement, or the
     Prospectus (or any supplement thereto) in reliance upon and in conformity
     with information furnished in writing to the Company by or on behalf of the
     Broker specifically for inclusion in the Registration Statement or the
     Prospectus (or any supplement thereto).

         (c) Each of the Company and its subsidiaries has been duly incorporated
     and is validly existing as a corporation in good standing under the laws of
     the jurisdiction in which it is chartered or organized with full corporate
     power and authority to own or lease, as the case may be, and to operate its
     properties and conduct its business as described in the Prospectus, and is
     duly qualified to do business as a foreign corporation and is in good
     standing under the laws of each jurisdiction which requires such
     qualification.

         (d) All the outstanding shares of capital stock of each subsidiary have
     been duly and validly authorized and issued and are fully paid and
     nonassessable, and, except as otherwise set forth in the Prospectus, all
     outstanding shares of capital stock of the subsidiaries are owned by the
     Company either directly or through wholly owned subsidiaries free and clear
     of any perfected security interest or any other security interests, claims,
     liens or encumbrances.

         (e) The Company's authorized equity capitalization is as set forth in
     the Prospectus; the capital stock of the Company conforms in all material
     respects to the description thereof contained in the Prospectus; the
     outstanding shares of Common Stock have been duly and validly authorized
     and issued and are fully paid and nonassessable; the Securities have been
     duly and validly authorized, and, when issued and delivered to and paid for
     by the investors, will be fully paid and nonassessable; and, except as set
     forth in the Prospectus, no options, warrants or other rights to purchase,
     agreements or other obligations to issue, or rights to

                                        2

<PAGE>   3

     convert any obligations into or exchange any securities for, shares of
     capital stock of or ownership interests in the Company are outstanding.

         (f) This Agreement has been duly authorized, executed and delivered by
     the Company and constitutes a valid and binding obligation of the Company
     enforceable in accordance with its terms.

         (g) The Company is not and, after giving effect to the offering and
     sale of the Securities and the application of the proceeds thereof as
     described in the Prospectus, will not be an "investment company" as defined
     in the Investment Company Act of 1940, as amended.

         (h) No consent, approval, authorization, filing with or order of any
     court or governmental agency or body is required in connection with the
     transactions contemplated herein, except such as have been obtained under
     the Act and such as may be required under the blue sky laws of any
     jurisdiction in connection with the purchase and distribution of the
     Securities by the Broker in the manner contemplated herein and in the
     Prospectus.

         (i) The Company has complied with all state blue sky laws and has made
     the appropriate filings to sell the Securities in those states identified
     on Annex A hereto.

         (j) Neither the issue and sale of the Securities nor the consummation
     of any other of the transactions herein contemplated nor the fulfillment of
     the terms hereof will conflict with, result in a breach or violation or
     imposition of any lien, charge or encumbrance upon any property or assets
     of the Company or any of its subsidiaries pursuant to, (i) the charter or
     by- laws of the Company or any of its subsidiaries, (ii) the terms of any
     indenture, contract, lease, mortgage, deed of trust, note agreement, loan
     agreement or other agreement, obligation, condition, covenant or instrument
     to which the Company or any of its subsidiaries is a party or bound or to
     which its or their property is subject, or (iii) any statute, law, rule,
     regulation, judgment, order or decree applicable to the Company or any of
     its subsidiaries of any court, regulatory body, administrative agency,
     governmental body, arbitrator or other authority having jurisdiction over
     the Company or any of its subsidiaries or any of its or their properties.

         (k) No holders of securities of the Company have rights to the
     registration of such securities under the Registration Statement.

         (l) The consolidated historical financial statements and schedules of
     the Company and its consolidated subsidiaries included in the Prospectus
     and the Registration Statement present fairly in all material respects the
     financial condition, results of operations and cash flows of the Company as
     of the dates and for the periods indicated, comply as to form with the
     applicable accounting requirements of the Act and have been prepared in
     conformity with

                                        3

<PAGE>   4

     generally accepted accounting principles applied on a consistent basis
     throughout the periods involved (except as otherwise noted therein). The
     pro forma financial statements included in the Prospectus and the
     Registration Statement include assumptions that provide a reasonable basis
     for presenting the significant effects directly attributable to the
     transactions and events described therein, the related pro forma
     adjustments give appropriate effect to those assumptions, and the pro forma
     adjustments reflect the proper application of those adjustments to the
     historical financial statement amounts in the pro forma financial
     statements included in the Prospectus and the Registration Statement. The
     pro forma financial statements included in the Prospectus and the
     Registration Statement comply as to form in all material respects with the
     applicable accounting requirements of Regulation S-X under the Act and the
     pro forma adjustments have been properly applied to the historical amounts
     in the compilation of those statements.

         (m) No action, suit or proceeding by or before any court or
     governmental agency, authority or body or any arbitrator involving the
     Company or any of its subsidiaries or its or their property is pending or,
     to the best knowledge of the Company, threatened that (i) could reasonably
     be expected to have a material adverse effect on the performance of this
     Agreement or the consummation of any of the transactions contemplated
     hereby or (ii) could reasonably be expected to have a material adverse
     effect on the condition (financial or otherwise), prospects, earnings,
     business or properties of the Company and its subsidiaries, taken as a
     whole, whether or not arising from transactions in the ordinary course of
     business, except as set forth in or contemplated in the Prospectus
     (exclusive of any supplement thereto).

         (n) The Company has not taken, directly or indirectly, any action that
     has constituted or that was designed to or might reasonably be expected to
     cause or result in, under the Exchange Act or otherwise, the stabilization
     or manipulation of the price of any security of the Company to facilitate
     the sale or resale of the Securities.

         2. REPRESENTATIONS AND WARRANTIES OF THE BROKER. The Broker represents
and warrants to, and agrees with, the Company as set forth below in this
Section 2.

         (a) This Agreement has been duly authorized, executed and delivered by
     the Broker and constitutes a valid and binding obligation of the Broker
     enforceable in accordance with its terms.

         (b) The Broker is registered and/or a member in good standing with the
     Commission, the National Association of Securities Dealers, Inc. ("NASD"),
     and is licensed or will, at the time of any sale of Securities, be licensed
     as a broker/dealer in each of the states identified on Annex A hereto.

                                        4

<PAGE>   5

         (c) The Broker has reviewed and is familiar with all regulations
     relating to the distribution and delivery of preliminary and final
     prospectuses including, but not limited to, the Act and the Exchange Act.

         (d) The Broker is bonded in accordance with all federal, state and NASD
     requirements.

         (e) The Broker is not the subject of any state, federal or local
     action, suit or investigation that would prevent or impair the Broker from
     performing its obligations and duties under this Agreement.

         3. PURCHASE AND SALE. Subject to the terms and conditions and in
reliance upon the representations and warranties herein set forth, the Company
agrees to sell through the Broker and the Broker agrees to use its best efforts
to sell on behalf of the Company, at a purchase price of $10.00 per share, the
Securities to residents in the states identified on Annex A hereto.
Notwithstanding the foregoing, the Company reserves the right to refuse to sell
Securities to any person at any time. The Company hereby agrees to pay the
Broker a commission equal to the greater of:

                  (a) One Hundred Forty Thousand Dollars ($140,000) in the event
         that between 1,000,000 and 2,499,999 shares of the Company's Common
         Stock are sold in this offering, or One Hundred Ninety Thousand Dollars
         ($190,000) in the event that 2,500,000 shares of the Company's Common
         Stock are sold in this offering (the "Maximum Offering"); or

                  (b) Five percent (5%) of the money raised by the Company from
         the sale of the Company's Common Stock in those states listed on Annex
         A hereto.

         4. DELIVERY AND PAYMENT. Delivery of and payment for the Securities
shall be made at 10:00 AM, New York City time, on the date the Company breaks
escrow and thereafter upon receipt of subscription materials and payment.
Delivery of the Securities shall be made to the clients of the Broker against
payment.

         5. OFFERING BY BROKER. It is understood that the Broker proposes to
offer the Securities for sale on behalf of the Company to the public in the
states identified on Annex A hereto as set forth in the Prospectus.

         6. COVENANTS.

         (a)  The Company covenants and agrees with the Broker that:

                                        5

<PAGE>   6

                  (i) The Company will use its best efforts to cause the
         Registration Statement, if not effective at the Execution Time, and any
         amendment thereof, to become effective. Prior to the termination of the
         offering of the Securities, the Company will not file any amendment of
         the Registration Statement or supplement to the Prospectus or any Rule
         462(b) Registration Statement unless the Company has furnished the
         Broker a copy for your review prior to filing and will not file any
         such proposed amendment or supplement to which you reasonably object.
         Subject to the foregoing sentence, if the Registration Statement has
         become or becomes effective pursuant to Rule 430A, or filing of the
         Prospectus is otherwise required under Rule 424(b), the Company will
         cause the Prospectus, properly completed, and any supplement thereto to
         be filed with the Commission pursuant to the applicable paragraph of
         Rule 424(b) within the time period prescribed and will provide evidence
         satisfactory to the Broker of such timely filing. The Company will
         promptly advise the Broker (1) when the Registration Statement shall
         have become effective, (2) when the Prospectus, and any supplement
         thereto, shall have been filed (if required) with the Commission
         pursuant to Rule 424(b) or when any Rule 462(b) Registration Statement
         shall have been filed with the Commission, (3) when, prior to
         termination of the offering of the Securities, any amendment to the
         Registration Statement shall have been filed or become effective, (4)
         of any request by the Commission or its staff for any amendment of the
         Registration Statement, or any Rule 462(b) Registration Statement, or
         for any supplement to the Prospectus or for any additional information,
         (5) of the issuance by the Commission of any stop order suspending the
         effectiveness of the Registration Statement or the institution or
         threatening of any proceeding for that purpose and (6) of the receipt
         by the Company of any notification with respect to the suspension of
         the qualification of the Securities for sale in any jurisdiction or the
         institution or threatening of any proceeding for such purpose.

                  (ii) If, at any time when a prospectus relating to the
         Securities is required to be delivered under the Act, any event occurs
         as a result of which the Prospectus as then supplemented would include
         any untrue statement of a material fact or omit to state any material
         fact necessary to make the statements therein in the light of the
         circumstances under which they were made not misleading, or if it shall
         be necessary to amend the Registration Statement or supplement the
         Prospectus to comply with the Act or the rules thereunder, the Company
         promptly will (1) notify the Broker of any such event, (2) prepare and
         file with the Commission, subject to the second sentence of paragraph
         (a)(i) of this Section 5, an amendment or supplement which will correct
         such statement or omission or effect such compliance; and (3) supply
         any supplemented Prospectus to you in such quantities as you may
         reasonably request.

                  (iii) The Company will furnish to the Broker copies of the
         Registration Statement (including exhibits thereto) and, so long as
         delivery of a prospectus by the

                                        6

<PAGE>   7

         Broker may be required by the Act, as many copies of each Preliminary
         Prospectus and the Prospectus and any supplement thereto as the Broker
         may reasonably request.

                  (iv) The Company will not take, directly or indirectly, any
         action designed to or which has constituted or which might reasonably
         be expected to cause or result, under the Exchange Act or otherwise, in
         stabilization or manipulation of the price of any security of the
         Company to facilitate the sale or resale of the Securities.

                  (v) The Company will use its best efforts to have its Common
         Stock traded on the OTC Bulletin Board.

         (b)      The Broker covenants and agrees with the Company that:

                  (i) The Broker will only sell on behalf of the Company to
         investors who are residents in the states identified on Exhibit A
         hereto.

                  (ii) During the course of the offering, the Broker will not
         make any untrue statement of a material fact or omit to state a
         material fact required to be stated or necessary to make any statement
         made not misleading concerning the offering.

                  (iii) The Broker will take all actions necessary to fulfill
         its duties under the Act, the Exchange Act, the rules of the NASD and
         applicable state "blue sky laws" in connection with the offering of the
         Company's Securities, including, without limitation, prospectus
         delivery requirements and bonding requirements.

                  (iv) During the course of the offering, the Broker will comply
         with all company policies regarding the sale of securities so long as
         such policies are not inconsistent with any federal, state or NASD
         requirements.

                  (v) The Broker shall promptly notify the Company of any
         action, or threatened action, to revoke, deny or suspend any license
         required by it to sell Securities. The Broker shall promptly notify the
         Company of any investigation which could reasonably result in the
         revocation, denial, or suspension of any such licenses or which could
         prevent or impair the Broker from performing its obligations under this
         Agreement.

         7. CONDITIONS TO THE OBLIGATION OF THE BROKER. The obligation of the
Broker to sell the Securities on behalf of the Company shall be subject to the
satisfaction of the following conditions:

         (a) Each of the representations and warranties of the Company set forth
     in this Agreement shall be true and correct as of the Execution Time, the
     Closing Date and any settlement date pursuant to Section 4 hereof and the
     Company shall have delivered to the

                                        7

<PAGE>   8

     Broker a certificate signed by an executive officer of the Company, stating
     that this condition has been satisfied.

         (b) The Broker shall have received from Benesch, Friedlander, Coplan &
     Aronoff LLP, legal counsel to the Company, a written opinion dated as of
     the Execution Time, addressed to the Board of Directors of the Broker in
     form and substance reasonably satisfactory to the Broker, addressing legal
     matters typical to those contemplated by this Agreement.

         (c) Each of the statements made in the officer's certificate described
     in Section 7(a) above shall be true and correct as of the Execution Time,
     the Closing Date and any settlement date pursuant to Section 4 hereof.

         (d) The Company shall have furnished to the Broker such further
     information, certificates and documents as the Broker may reasonably
     request.

         (e) The Registration Statement, and any amendment or amendments
     thereto, has become effective.

         8.       INDEMNIFICATION AND CONTRIBUTION.

     (a) The Company agrees to indemnify and hold harmless the Broker, the
directors, officers, employees and agents of the Broker and each person who
controls any Broker within the meaning of either the Act or the Exchange Act
(collectively, the "Broker Indemnitees") against any and all losses, claims,
damages or liabilities, joint or several, to which they or any of them may
become subject under the Act, the Exchange Act or other Federal or state
statutory law or regulation, at common law or otherwise, insofar as such losses,
claims, damages or liabilities (or actions in respect thereof) arise out of or
are based upon any untrue statement or alleged untrue statement of a material
fact contained in the registration statement for the registration of the
Securities as originally filed or in any amendment thereof, or in any
Preliminary Prospectus or the Prospectus, or in any amendment thereof or
supplement thereto, or arise out of or are based upon the omission or alleged
omission to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, and agrees to reimburse
each such indemnified party, as incurred, for any legal or other expenses
reasonably incurred by them in connection with investigating or defending any
such loss, claim, damage, liability or action. The Company shall, upon breaking
escrow for the sale of a minimum of 1,000,000 shares of the Company's Common
Stock, purchase Directors' and Officers' Insurance which shall cover the Broker
Indemnitees for any actions taken on behalf of the Company. Notwithstanding the
foregoing, the Company will not be liable in any case to the extent that any
such loss, claim, damage or liability arises out of the gross negligence or
willful misconduct of the Broker. This indemnity agreement will be in addition
to any liability which the Company may otherwise have.

                                        8

<PAGE>   9

     (b) Promptly after receipt by a Broker Indemnitee under this Section 8 of
notice of the commencement of any action, such Broker Indemnitee will, if a
claim in respect thereof is to be made against the Company under this Section 8,
notify the Company in writing of the commencement thereof; but the failure so to
notify the Company (i) will not relieve it from liability under paragraph (a)
above unless and to the extent it did not otherwise learn of such action and
such failure results in the forfeiture by the Company of substantial rights and
defenses and (ii) will not, in any event, relieve the Company from any
obligations to a Broker Indemnitee other than the indemnification obligation
provided in paragraph (a) above. The Company shall be entitled to appoint
counsel of the Company's choice at the Company's expense to represent a Broker
Indemnitee in any action for which indemnification is sought (in which case the
Company shall not thereafter be responsible for the fees and expenses of any
separate counsel retained by the Broker Indemnitee or parties except as set
forth below); PROVIDED, HOWEVER, that such counsel shall be satisfactory to the
Broker Indemnitee. Notwithstanding the Company's election to appoint counsel to
represent the Broker Indemnitee in an action, the Broker Indemnitee shall have
the right to employ separate counsel (including local counsel), and the Company
shall bear the reasonable fees, costs and expenses of such separate counsel if
(i) the use of counsel chosen by the Company to represent the Broker Indemnitee
would present such counsel with a conflict of interest, (ii) the actual or
potential defendants in, or targets of, any such action include both the Broker
Indemnitee and the Company and the Broker Indemnitee shall have reasonably
concluded that there may be legal defenses available to it and/or other Broker
Indemnitiee(s) which are different from or additional to those available to the
Company, (iii) the Company shall not have employed counsel satisfactory to the
Company to represent the Broker Indemnitee within a reasonable time after notice
of the institution of such action or (iv) the Company shall authorize the Broker
Indemnitee to employ separate counsel at the expense of the Company.

         9. REPRESENTATIONS AND INDEMNITIES TO SURVIVE. The respective
agreements, representations, warranties, indemnities and other statements of the
Company or its officers and of the Broker set forth in or made pursuant to this
Agreement will remain in full force and effect, regardless of any investigation
made by or on behalf of any Broker or the Company or any of the officers,
directors, employees, agents or controlling persons referred to in Section 8
hereof, and will survive delivery of and payment for the Securities. The
provisions of Sections 8 and 9 hereof shall survive the termination or
cancellation of this Agreement.

         10. NOTICES. All communications hereunder will be in writing and
effective only on receipt, and, if sent to the parties at the addresses
identified on the signature page hereto.

         11. SUCCESSORS. This Agreement will inure to the benefit of and be
binding upon the parties hereto and their respective successors and the
officers, directors, employees, agents and controlling persons referred to in
Section 8 hereof, and no other person will have any right or obligation
hereunder.

                                        9

<PAGE>   10

         12. APPLICABLE LAW. This Agreement will be governed by and construed in
accordance with the laws of the State of Illinois applicable to contracts made
and to be performed within the State of Illinois.

         13. JURISDICTION; CONSENT TO SERVICE OF PROCESS.

         (a) Each party hereby irrevocably and unconditionally submits, for
     itself and its property, to the exclusive jurisdiction of the United States
     District for the Northern District of Illinois (the "ILLINOIS COURT"), and
     any appellate court from such court, in any suit, action or proceeding
     arising out of or relating to this Agreement, or for recognition or
     enforcement of any judgment resulting from any such suit, action or
     proceeding, and each party hereby irrevocably and unconditionally agrees
     that all claims in respect of any such suit, action or proceeding may be
     heard and determined in the Illinois Court.

         (b) It will be a condition precedent to each party's right to bring any
     such suit, action or proceeding that such suit, action or proceeding, in
     the first instance, be brought in the Illinois Court (unless such suit,
     action or proceeding is brought solely to obtain discovery or to enforce a
     judgment), and if such court refuses to accept jurisdiction with respect
     thereto, such suit, action or proceeding may be brought in any other court
     with jurisdiction; provided that the foregoing will not apply to any suit,
     action or other proceeding by a party seeking indemnification or
     contribution pursuant to this Agreement or otherwise in respect of a suit,
     action or proceeding against such party by a third party if such suit,
     action or proceeding by such party seeking indemnification or contribution
     is brought in the same court as the suit, action or proceeding against such
     party.

         (c) No party may move to (i) transfer any such suit, action or
     proceeding from the Illinois Court to another jurisdiction, (ii)
     consolidate any such suit, action or proceeding brought in the Illinois
     court with a suit, action or proceeding in another jurisdiction, or (iii)
     dismiss any such suit, action or proceeding brought in the Illinois Court
     for the purpose of bringing the same in another jurisdiction.

         (d) Each party hereby irrevocably and unconditionally waives, to the
     fullest extent it may legally and effectively do so, (i) any objection
     which it may now or hereafter have to the laying of venue of any suit,
     action or proceeding arising out of or relating to this Agreement in the
     Illinois Court, (ii) the defense of an inconvenient forum to the
     maintenance of such suit, action or proceeding in any such court, and (iii)
     the right to object, with respect to such suit, action or proceeding, that
     such court does not have jurisdiction over such party. Each party
     irrevocably consents to service of process in any manner permitted by law.

         14. EXPENSES. The Company will reimburse the Broker for all reasonable
out-of-pocket expenses (the "Expenses") incurred by the Broker in connection
with the sale of the Securities subject to receipt by the Company of appropriate
documentation of the Expenses. The

                                       10

<PAGE>   11

Expenses may include legal expenses of the Broker's counsel, which shall not
exceed Five Thousand Dollars ($5,000).

         15. COUNTERPARTS. This Agreement may be signed in one or more
counterparts, each of which shall constitute an original and all of which
together shall constitute one and the same agreement.

         16. HEADINGS. The section headings used herein are for convenience only
and shall not affect the construction hereof.

         17. DEFINITIONS. The terms which follow, when used in this Agreement,
shall have the meanings indicated.

         "Act" shall mean the Securities Act of 1933, as amended, and the rules
     and regulations of the Commission promulgated thereunder.

         "Business Day" shall mean any day other than a Saturday, a Sunday or a
     legal holiday or a day on which banking institutions or trust companies are
     authorized or obligated by law to close in New York City.

         "Commission" shall mean the Securities and Exchange Commission.

         "Effective Date" shall mean each date and time that the Registration
     Statement, any post- effective amendment or amendments thereto and any Rule
     462(b) Registration Statement became or becomes effective.

         "Exchange Act" shall mean the Securities Exchange Act of 1934, as
     amended, and the rules and regulations of the Commission promulgated
     thereunder.

         "Execution Time" shall mean the date and time that this Agreement is
     executed and delivered by the parties hereto.

         "Preliminary Prospectus" shall mean any preliminary prospectus referred
     to in paragraph l(a) above and any preliminary prospectus included in the
     Registration Statement at the Effective Date that omits Rule 430A
     Information.

         "Prospectus" shall mean the prospectus relating to the Securities that
     is first filed pursuant to Rule 424(b) after the Execution Time or, if no
     filing pursuant to Rule 424(b) is required, shall mean the form of final
     prospectus relating to the Securities included in the Registration
     Statement at the Effective Date.

                                       11

<PAGE>   12

         "Registration Statement" shall mean the registration statement referred
     to in paragraph 1 (a) above, including exhibits and financial statements,
     as amended at the Execution Time (or, if not effective at the Execution
     Time, in the form in which it shall become effective) and, in the event any
     post-effective amendment thereto or any Rule 462(b) Registration Statement
     becomes effective prior to the Closing Date, shall also mean such
     registration statement as so amended or such Rule 462(b) Registration
     Statement, as the case may be. Such term shall include any Rule 430A
     Information deemed to be included therein at the Effective Date as provided
     by Rule 430A.

         "Rule 424", "Rule 430A" and "Rule 462" refer to such rules under the
     Act.

         "Rule 430A Information" shall mean information with respect to the
     Securities and the offering thereof permitted to be omitted from the
     Registration Statement when it becomes effective pursuant to Rule 430A.

         "Rule 462(b) Registration Statement" shall mean a registration
     statement and any amendments thereto filed pursuant to Rule 462(b) relating
     to the offering covered by the registration statement referred to in
     Section 1(a) hereof.

         If the foregoing is in accordance with your understanding of our
agreement, please sign and return to us the enclosed duplicate hereof, whereupon
this letter and your acceptance shall represent a binding agreement among the
Company and the Broker.

                                            Very truly yours,

                                            FANZ ENTERPRISES, INC.

                                            By:
                                               -----------------------------
                                            Name:  Frederick L. McDonald II
                                            Title:  President

                                       12

<PAGE>   13

The foregoing Agreement is hereby
confirmed and accepted as of the
date first above written.

[BROKER NAME]

By:
   ------------------------
Name:
     ----------------------
Title:
      ---------------------

<PAGE>   14

                                     ANNEX A

                                     STATES

         1.  Arizona
         2.  Florida
         3.  North Carolina
         4.  Texas

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00026-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00026-of-00352.parquet"}]]