MANAGEMENT SERVICES AGREEMENT
THIS AGREEMENT dated effective as of the 15th day of September, 2000.
BETWEEN: WAREHAM MANAGEMENT LTD., of
0000 Xxxxxxx Xxxxx
Xxxxx Xxxxxxxxx, Xxxxxxx Xxxxxxxx,
Xxxxxx
(hereinafter called "Wareham Management")
OF THE FIRST PART
AND: NORMARK VENTURES CORP., a company
incorporated under the laws of the
State of Nevada
(hereinafter called "Normark")
OF THE SECOND PART
WHEREAS:
A. Xxxxxx Xxxxxxx ("Wareham") is an employee of Wareham Management
("Wareham Management");
X. Xxxxxxx has experience in the management of geological
exploration companies;
X. Xxxxxxx Management maintains an office with administration
services, including telephone and computer services;
X. Xxxxxxx requires management services and office administration
services and wishes Wareham Management to provide these services
to Normark.
NOW THEREFORE THE PARTIES HAVE AGREED and do hereby agree as follows:
1. Wareham Management hereby agrees to provide the services of
Wareham as President, Secretary and Treasurer of Normark to carry
out management and direction of the business of Normark,
including managing and supervising and coordinating any mineral
exploration activities carried out by Normark (the "Management
Services").
2. Wareham Management hereby agrees to provide a business office and
office administration services, including telephone and computer
services, to Normark (the "Administrative Services").
3. In consideration of Wareham Management providing the Management
Services and the Administrative Services to Normark, Normark
agrees to pay to Wareham Management a consulting fee in the
amount of $1,000.00 U.S. per month, plus applicable taxes,
-2-
payable on the 1st day of each month of the term of this
Agreement (the "Consulting Fee").
4. In addition to the payment of the Consulting Fee, Normark agrees
to reimburse Wareham Management for any expenses directly
attributable to performing its obligations to Normark pursuant to
this Agreement.
5. It is agreed that the Management Services to be provided by
Wareham on behalf of Wareham Management to Normark will account
for approximately 15% of Wareham's business time. The Consulting
Fee will be increased in the event that Wareham 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
Wareham's services.
6. This Agreement shall be for a term commencing September 15, 2000
and expiring April 30, 2002.
7. No amendment or termination of this Agreement shall be valid
unless it is in writing and executed by both parties.
IN WITNESS WHEREOF the parties hereto have executed this Agreement as
of the day and year first above written.
WAREHAM MANAGEMENT LTD.
by its authorized signatory
/s/ X. Xxxxxxx
---------------------------------
Signature of Authorized Signatory
Xxxxxx Xxxxxxx
---------------------------------
Name of Authorized Signatory
NORMARK VENTURES CORP.
by its authorized signatory
/s/ X. Xxxxxxx
---------------------------------
Signature of Authorized Signatory
Xxxxxx Xxxxxxx
---------------------------------
Name of Authorized Signatory
