MANAGEMENT SERVICES AGREEMENT

EXHIBIT 4.1

MANAGEMENT SERVICES AGREEMENT

THIS AGREEMENT dated for reference the 28th day of June 1996

BETWEEN:

AUTUMN INDUSTRIES INC., a company duly incorporated under the laws of the Province of British Columbia and having its registered and records office at 0000-000 Xxxx Xxxxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxx Xxxxxxxx, X0X 0X0

(hereinafter referred to as the "Company")

OF THE FIRST PART

AND

MISSION CONSULTING SERVICES INC. of 0000 Xxxxxxxx Xxxx, XX Xx. 0, Xxxxxxxxxxx X0, Xxxx 00X, Xxxxxxx, X.X. X0X 0X0

(hereinafter referred to as the "Mission")

 

OF THE SECOND PART

AND

XXXXX X. XXXXXX 5675 Deadpine Road, RR No. 2, Compartment F1, Xxxx 00X, Xxxxxxx, X.X. X0X 0X0

(hereinafter referred to as "Xxxxxx" ) OF THE THIRD PART

 

WHEREAS:

  1. The Company wishes to employ Mission to provide management services to it on the terms and conditions hereinafter set forth.

  2. Mission has been providing management services to the Company since March 1, 1996 and the parties hereto wish to formalize the terms of this engagement.

NOW THEREFORE THIS AGREEMENT WITNESSES THAT in consideration of the premises and of the covenants and agreements hereinafter contained the parties hereto have agreed as follows:

1. ENGAGEMENT OF SERVICES

    1. The Company hereby employs Mission to provide management services to the Company under the direction of the Company's Board of Directors, and Mission hereby agrees to perform the duties required of it in accordance with the terms of this agreement. Such management services are to include:

      1. Assistance in determining the strategic direction for the Company;

      2. Identification of potential external sources of cashflow for the Company;

      3. Negotiations with other companies on the purchase of positive cash flow products, divisions and/or the purchase outright of their companies;

      4. Overall responsibility for the accounting and financial reporting for the Company;

      5. Setting budgets for the Company;

      6. Determining a financial plan for the Company including determination of funds required and where these funds are intended to come from;

      7. Liaising with brokers and investor relations;

 

  1. TERM

    1. The term of this Agreement shall be for a period of two (2) years, commencing on the 1st day of July 1996 and continuing thereafter unless and until terminated as hereinafter provided.

  2. SERVICES

    1. Mission agrees to employ Xxxxx X. Xxxxxx ("Xxxxxx") on a full-time basis to perform the services contracted hereunder

  1. REMUNERATION

    1. The Company shall pay to Mission for all services rendered hereunder:

  1. the sum of Eight Thousand , Five Hundred Dollars ($8,500.00) per month, ($102,000 per annum) excluding GST, payable on the last day of each month;

  2. a car allowance of One Thousand Five Hundred ($1,500.00) per month ($18,000.00 per annum);and

  3. Mission's out of pocket expenses incurred on behalf of the Company. In respect of expenses, Mission shall provide statements and vouchers to the Company as and when required by it.

    1. In addition, Xxxxx X. Xxxxxx shall be entitled to five (5) weeks vacation per year during the first year of this Agreement and six (6) weeks per year in each of the succeeding years. Mission will continue to receive the full amount of the monthly remuneration from the Company during the time Xxxxxx is on vacation.

    2. The amount payable to Xxxxxx hereunder may be altered from time to time during the term of this Agreement by mutual agreement between the parties provided that the Company will first obtain the approval of the Canadian Venture Exchange.

  1. APPROVAL OF THE VANCOUVER STOCK EXCHANGE

    1. This Agreement is subject to the acceptance of the Vancouver Stock Exchange. The remuneration due and payable hereunder shall not be increased without the prior approval of the Vancouver Stock Exchange.

  2. TERMINATION

    1. This Agreement will be deemed to be renewed after the initial two (2) year term unless the Company or Mission provides not less than sixty (60) days written notice of their intention not to renew.

    2. This Agreement may be terminated in the following manner in the following circumstances:

  1. At any time by notice in writing from the Company to Mission, for cause;

  2. At any tie by three (3) months notice in writing given by the company to Mission; and

  3. At any time by three (3) months notice n writing given by Mission to the Company.

  1. RESTRICTIVE COVENANT

    1. During the term of this Agreement and for a period of one (1) year after termination of this Agreement, and whether or not such termination is for cause, Xxxxxx agrees that he will not, directly or indirectly, as an individual, member, employee, agent of a firm, as a shareholder, director, officer, employee or agent of a corporation, or as part of any other organization or group, participate in, assist, engage in, advise or consult for, lend money to, guarantee, the debts or obligations of, permit his name to be used by, or be in any way connected with any business similar in nature to all or any part of the Company's Business or which competes in any way with the Company's Business.

    2. During the term of the Agreement and for a period of one (1) year after termination of this Agreement, whether or not such termination is cause, Xxxxxx will not, directly or indirectly:

(a) persuade or induce any customer of the Company to patronize any other business similar in nature to all or part of the Company's Business or which competes in any way with the Company's Business;

  1. canvass, solicit or accept business from any customer of the Company for the gain, profit, or pecuniary advantage of Xxxxxx independently of the employment hereunder or for the gain, profit or pecuniary advantage of any business similar in nature to all or part of the Company's Business or which competes in any way with the Company's Business; or

  2. request or advise any customer of the Company to withdraw, curtail or cancel such customer's business with the Company.

As used in this Section 7, the expression "Company's Business" means any business which the Company is engaged in at the time of termination of the employee and, including, but not limited to, the generation and sale of electrical energy or the business of the sale and installation of Gasifier systems for waste wood disposal and the term "customers" means those customers of the business who Xxxxxx has had direct personal dealings with and who are still customers of the Company when the employment is terminated.

    1. The restrictions upon the activities of Xxxxxx set forth in paragraphs 7.1 & 7.2 will apply only within the area within 500 kilometers of the place in which the Company is carrying on business at the time of the termination of engagement.

  1. NOTICE

    1. Any notice to be given under this Agreement shall be in writing and shall be deemed to have been given if delivered to, or sent by prepaid registered post addressed to, the respective addresses of the parties appearing on the first page of this Agreement (or to such other address as one party provides to the other in a notice given according to this paragraph). Where a notice is given by registered post it shall be conclusively deemed to be given and received on the fifth day after its deposit in a Canada post office any place in Canada.

  2. MISCELLANEOUS

    1. This Agreement may not be assigned by either party without the prior written consent of the other.

    2. The titles of headings to the respective paragraphs of this agreement shall be regarded as having been used for reference and convenience only.

    3. This Agreement shall ensure to the benefit of and be binding upon the parties hereto and their respective heirs, executors, administrators, successors and permitted assigns.

    4. This Agreement shall be governed by and interpreted in accordance with the laws of British Columbia, Canada.

    5. Time shall be of the essence of this Agreement.

 

IN WITNESS WHEREOF the parties have executed this Agreement the day and year first above written.

THE CORPORATE SEAL OF

AUTUMN INDUSTRIES INC.

was hereunto affixed in

the presence of :

 
   

"Not legible"

  

Authorized Signatory

  
   

"Xxx Xxxxxxx"

  

Authorized Signatory

  
   

THE CORPORATE SEAL OF

MISSION CONSULTING SERVICES INC.

  

"Xxxxx X. Xxxxxx"

  

Authorized Signatory

  
   

SIGNED AND DELIVERED BY

"Xxxxx X. Xxxxxx"

XXXXX X. XXXXXX

in the presence of:

XXXXX X. XXXXXX
   

"Xxxxx Xxx"

  

Name

 
   

Barristers & Solicitor

0000-000 Xxxx Xxxxxxxx XX

Xxxxxxxxx, XX X0X 0X0

  

Address

  
   
   

Occupation

  

 

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Filed: January 9th, 2003
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