FINDER'S FEE AGREEMENT FOR THE XXXXXXXXX GOLD PROPERTY
THIS AGREEMENT is made this 14th day of July, 2006 by and between Xxxx X. Xxxxx
(`Consultant') and American Goldrush Corp. (`Client').
The following represents our agreement, in consideration of each other's
promises or acts with respect to this Finder's Fee Agreement. Consultant has
introduced Client to Xx. Xxxxx Xxxxxxx (`Owner'), owner of the Xxxxxxxxx (or
Oro) Property near Ruby in Santa Xxxx County, Arizona (the `Property') in return
for Client's agreement to pay Consultant compensation for these introductory
services if the Client and the Owner execute a Property Option Agreement.
Therefore, the parties herein agree as follows:
1. INITIAL PAYMENT.
Should Client purchase, lease, option or otherwise acquire an interest in the
Property through payment of money, shares, options or anything of value, then
Client agrees to pay Consultant ten percent (10%) of the property option payment
(or value). Compensation to Consultant shall be based upon the gross amount of
the property option payment paid, prior to any deductions, expenses or offsets
of any kind in relation to property option payments payable to the Owner.
Payment to the Consultant will be made by check or money order payable to the
order of Consultant upon Client's payment to Owner or his designated recipient
(collectively called Owner herein). No amounts shall be payable to the
Consultant under this agreement in relation to property exploration expenditures
incurred by the Client on the Xxxxxxxxx Property.
2. OTHER PAYMENTS.
Should Client make subsequent property option payments, Client will pay
Consultant a fee of ten percent (10%) of any such additional funds (or value)
later paid to Owner pursuant to property option payments. This fee will be paid
to Consultant upon payment to Owner. These provisions for compensation shall
last for a period of three (3) years from the date of the initial payment to
Owner and shall terminate upon the third anniversary of the date of the initial
payment to the Owner.
3. LIMITATION OF SERVICE.
This Agreement relates solely to Consultant's services as a finder in
introducing Client to Owner. There are no additional services that Consultant is
required to perform to be entitled to the above compensation.
CONSULTANT REPRESENTS THAT IT IS NOT A LICENSED SECURITIES DEALER, AND THAT THIS
AGREEMENT IS NOT INTENDED FOR T14E PURPOSE OF BUYING, SELLING OR TRADING
SECURITIES.
4. MISCELLANEOUS.
This Agreement shall be binding upon all parties and their respective estates,
heirs, successors and permitted assigns. This Agreement may be changed only by
the written consent of all parties. This Agreement may not be assigned by either
party without the written consent of the other. This Agreement is the entire
agreement between us. Should any legal proceeding be necessary to construe or
enforce the provisions or this Agreement, then the prevailing party in such
legal action shall be entitled to recover all court costs, reasonable attorney
fees and costs of enforcing or collecting any judgment awarded. The judgment by
any court of law that a particular section of this Agreement is illegal shall
not affect the validity of the remaining provisions.
It is our intention that the laws of the State of Arizona shall govern the
validity of this Agreement. Your signature below shall bind you to the terms and
conditions of this Agreement.
IN WITNESS WHEREOF the Parties hereto have duly executed this Agreement
effective as of the 14th day of July, 2006
Xxxx Xxxxx
Per:_____/s/______________________
Xxxx Xxxxx
American Goldrush Corp.
Per:_____/s/______________________
Xxxxxx Xxxxxxx, President
