CONSTITUTION MINING CORP. CONSULTING AGREEMENT
THIS CONSULTING AGREEMENT (the
“Agreement”) is entered into as of January 29, 2010 (the "Effective Date"), by
and between Constitution Mining Corp., a Delaware corporation, (the
“Company”) and Xxxx Xxxxxxx (the “Consultant”).
In consideration of the mutual
covenants and agreements set forth herein, the parties agree as
follows:
1. Engagement. The
Company hereby retains Consultant to provide the services described in
Attachment A hereto. Consultant shall devote his reasonable best efforts, skill
and attention to the performance of such consulting services for 10 days per
month or such longer period of time as preapproved by the Company’s Chief
Executive Officer in writing.
2. Term of
Engagement. This Agreement shall commence as of the Effective
Date and, unless terminated as set forth in Section 10, continue through the
second anniversary of the Effective Date; provided, however, that on each
anniversary of the Effective Date the term of the Agreement shall automatically
be extended for an additional one-year period (restoring the initial two-year
term), unless either party notifies the other party in writing at least 30 days
prior to such anniversary. The term of this Agreement as in effect
from time to time shall be referred to as the "Term."
3. Compensation. During
the Term of this Agreement, as compensation for all services rendered by the
Consultant, the Company shall pay to Consultant a consulting fee equal to $950
U.S. Dollars per day.
4. Travel. The
Consultant may be called upon to travel at the request of the Company provided a
reasonable period of notice shall have been given. The Consultant shall be
entitled to reimbursement for all reasonable travel expenses incurred in the
performance of this Agreement and preapproved by the Company’s Chief Executive
Officer. Reasonable proven expenses (travel, accommodation, meals, major phone
charges, etc) shall be charged at cost with no xxxx up. Receipts are to be
provided for all charges.
5. Independent
Contractor. Consultant shall render all services
hereunder as an independent contractor.
6. Taxes. Consultant
shall be responsible for payment of all taxes arising out of Consultant's
activities in accordance with this Agreement.
7. Confidential
Information. Consultant acknowledges that he will occupy a
position of trust and confidence and will have access to and learn substantial
information about the Company and its affiliates and their operations that is
confidential or not generally known in the industry including, without
limitation, information that relates to purchasing, sales, customers, marketing,
and the financial positions and financing arrangements of the Company and its
affiliates. Consultant agrees that all such information is
proprietary or confidential, or constitutes trade secrets and is the sole
property of the Company and/or its affiliates, as the case may
be. Consultant will keep confidential, and will not reproduce, copy
or disclose to any other person or firm, any such information or any documents
or information relating to the Company’s or its affiliates’ methods, processes,
customers, accounts, analyses, systems,
charts,
programs, procedures, correspondence or records, or any other documents used or
owned by the Company or any of its affiliates, nor will Consultant advise,
discuss with or in any way assist any other person, firm or entity in obtaining
or learning about any of the items described in this
Section 7. Accordingly, Consultant agrees that during the Term
and at all times thereafter he will not disclose, or permit or encourage anyone
else to disclose, any such information, nor will he utilize any such
information, either alone or with others, outside the scope of his duties and
responsibilities with the Company and its affiliates.
8. Non-Competition. During
the Term of this Agreement and for twelve (12) months thereafter, Consultant
will devote such business time, attention and energies reasonably necessary to
the diligent and faithful performance of the services to Company, and will not
engage in any way whatsoever, directly or indirectly, in any business that is a
direct competitor with Company's mining business, nor solicit customers,
suppliers or employees of Company on behalf of, or in any other manner work for
or assist any business with is a direct competitor with Company's mining
business. In addition, during the Term, Consultant will undertake no
planning for or organization of any business activity competitive with the work
performed as Consultant, and Consultant will not combine or conspire with any
other person for the purpose of organizing any such competitive business
activity.
9. Return of the Company
Documents. Upon termination of the Term, Consultant shall
return immediately to the Company all records and documents of or pertaining to
the Company or its affiliates and shall not make or retain any copy or extract
of any such record or document, or any other property of the Company or its
affiliates.
10. Termination. Either
party may terminate this Agreement upon thirty days written notice to the other.
Except as otherwise provided herein, in the event of termination, Consultant
shall be entitled to compensation until the expiration of the stated notice
period. Notwithstanding the foregoing, in the event of a violation by
Consultant of any term or condition, express or implied, of this Agreement or of
any federal or state law or regulation pertaining to or arising from
Consultant's performance of services under this Agreement, the Company may, in
its discretion, terminate this Agreement immediately, without notice and in such
event, Consultant shall only be entitled to compensation up to the time of such
violation.
11. Entire Agreement and
Amendment. This Agreement embodies the entire agreement and
understanding of the parties hereto in respect of the subject matter of this
Agreement, and supersedes and replaces all prior agreements, understandings and
commitments with respect to such subject matter. This Agreement may
be amended only by a written document signed by both parties to this
Agreement.
12. Governing
Law. This Agreement shall be governed by, and construed in
accordance with, the laws of the State of Delaware.
13. Counterparts. This
Agreement may be executed in counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same
instrument.
IN WITNESS WHEREOF the parties have
executed this Agreement to be effective as of the Effective Date.
By: /s/ Xxxxxxx
Xxxxxxx
Xxxxxxx Xxxxxxx
CONSULTANT:
/s/ Xxxx
Xxxxxxx
Xxxx
Xxxxxxx
ATTACHMENT
A
DESCRIPTION
OF SERVICES
|
§
|
Act
as the Technical Director for the
company.
|
|
§
|
Technical
consulting for all of Constitution Mining’s exploration activities in
Peru, Nevada or elsewhere.
|
|
§
|
Evaluate
new mining and exploration opportunities for the
company.
|
|
§
|
Provide
the CEO with regular exploration updates and
summaries.
|
|
§
|
Provide
technical advice for the CEO in regards to program direction and general
implementation.
|
|
§
|
Assist
with the preparation of news releases to ensure they are factual and
accurate.
|
|
§
|
Recruit
and propose to the CEO qualified staff and
consultants.
|
|
§
|
Ensure
the company is conducting their exploration programs in an environmentally
sensitive and safe manner.
|
|
§
|
Ensure
data collection, processing and interpretation follows industry standard
formats and protocols.
|
|
§
|
Assist
with the creation of investor
presentations.
|
