MANAGEMENT SERVICES AGREEMENT
THIS AGREEMENT dated effective as of the 1st day of December, 1999.
BETWEEN: XXXXXXX XXX, of 0000 Xxxxxx Xxxxxx,
Xxxxxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxx X0X 0X0
(hereinafter called "Iny")
OF THE FIRST PART
AND: ENCORE VENTURES, INC., a company
incorporated under the laws of the
State of Nevada
(hereinafter called "Encore")
OF THE SECOND PART
WHEREAS Iny has geological, business and management expertise and
maintains an office with administration services, including
telephone and computer services;
AND WHEREAS Encore requires geological technical services,
management services, office administration services, including
telephone and computer services, and wishes Iny to provide same to
Encore;
NOW THEREFORE THE PARTIES HAVE AGREED and do hereby agree as
follows:
1. Iny hereby agrees to provide his services as President of
Encore to carry out management and direction of the business
of the Company, including managing and supervising any mineral
exploration activities carried out by Encore (the "Management
Services").
2. Iny hereby agrees to provide office administration services,
including telephone and computer services, to Encore (the
"Administrative Services").
3. In consideration of Iny providing all the Management Services
and the Administrative Services to Encore, Encore agrees to
pay to Iny a consulting fee in the amount of $750.00 U.S. per
month payable on the 1st day of each month (the "Consulting
Fee").
4. In addition to the payment of the Consulting Fee, Encore
agrees to reimburse Iny for any expenses directly attributable
to performing its obligations to Encore pursuant to this
Agreement.
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5. It is agreed that the Management Services to be provided by
Iny to Encore will account for approximately 15% of Iny's
business time. The Consulting Fee will be increased in the
event that Iny is required to spend more than 15% of his
business time in providing the Management Services to an
amount equal to fair market value of Iny's services.
6. This Agreement shall be for a term of one year and one month
commencing December 1, 1999 and ending December 31, 2000.
7. No amendment or termination of this Agreement shall be valid
unless it is in writing and executed by both parties.
8. Time shall be of the essence of this Agreement.
IN WITNESS WHEREOF the parties hereto have executed this Agreement
as of the day and year first above written.
SIGNED SEALED AND DELIVERED
by XXXXXXX XXX in the presence of
/s/ Xxxxxx Xxxxxxxx
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Signature of Witness
Xxxxxx Xxxxxxxx Xxxxxxx Xxx
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Name of Witness XXXXXXX XXX
#203 1010 Xxxx St.
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Address of Witness
ENCORE VENTURES, INC.
by its authorized signatory
/s/ Xxxxx Xxxx
---------------------------------
Signature of Authorized Signatory
Xxxxx Xxxx
---------------------------------
Name of Authorized Signatory
