CONSULTING CONTRACT
Exhibit 10.3 Consulting Agreement with Xxxxxxx Xxxxxxxx
This Agreement is made effective as of September 1, 2014, by and between Rosewood Resources, Inc. and Xxxxxxx Xxxxxxxx, Professional Geologist of Lakehead Geological Services Inc., 300 – 0000 Xxxx Xxxxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxx, X0X 0X0.
In this Agreement, the party who is contracting to receive services shall be referred to as “Rosewood Resources, Inc.” and the party who will be providing the services shall be referred to as Xxxxxxx Xxxxxxxx.
Xxxxxxx Xxxxxxxx has a background in geology and the exploring for minerals and is willing to provide services to Rosewood Resources, Inc. based on this background.
Rosewood Resources, Inc. is desires to have services provided by Xxxxxxx Xxxxxxxx.
1.
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DESCRIPTION OF SERVICES.
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Beginning on September 15, 1014, Xxxxxxx Xxxxxxxx will provide the following services (collectively, the “Services”):
To review and analyse the geological information relating to the Xxxxx Lake Property (“Xxxxx Lake”) located in Cairo Township in the Larder Mining District, Ontario;
To discuss the merits of the Xxxxx Lake with the Board of Directors and make recommendation as to future development plans:
To review the proposed geological exploration program to be undertaken during the fall of 2014 and make any constructive recommendations; and
To advise the Board of Directors as to any impairments or litigation which might be pending relating to Xxxxx Lake.
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2.
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PERFORMANCE OF SERVICE
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The manner in which the Services are to be performed and the specific hours to be worked by Xxxxxxx Xxxxxxxx shall be determined the Board of Directors will rely on Xxxxxxx Xxxxxxxx to work as many hours as may be reasonably necessary to fulfill Xxxxxxx Xxxxxxxx’x obligation under this Agreement.
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PAYMENT
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Rosewood Resources, Inc. will pay a fee to Xxxxxxx Xxxxxxxx for theServices inthe amount of one thousand United States dollars(USD$1,000.00) eachmonth to a maximum of 24 months or until theDirectors decided thatthe Services of Xxxxxxx Xxxxxxxx are no longer required. This fee will be paid by the middle of each month starting with September 15, 2014.
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EXPENSE REIMBURSEMENT
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Rosewood Resources, Inc. will pay all “out-of-pocket” expenses, and shallnot be entitled to reimbursement from Xxxxxxx Xxxxxxxx.
IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.
“Xxxxxxx Xxxxxxxx”
Xxxxxxx Xxxxxxxx
“B. Xxxxxx Xxxxxx”
Name: B. Xxxxxx Xxxxxx
Title. Chief Financial Officer and Director
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