Exhibit 10.3
MANAGEMENT CONTRACT
BETWEEN:
Crown International Inc. ("Crown")
And
Macwin Investments Inc. ("Macwin")
The parties agree as follows:
1. From the 1st day of April 2001 Macwin agrees to provide to Crown
the following services:
- services of at least three people, each proficient as follows and for monthly
compensation noted
(a) one person in General Management $ 10,000
(b) one person in Marketing $ 10,000
(c) one person for Professional Services $ 5,000
- provide the capital and/or services or equipment or expenses necessary for
the development of Crown's technology and it's commercial applications
- provide full and complete accounts and records for Crown
- oversee Development of Technology
- develop relationships with software developers to assist with Crown's
technology and its applications
- source, explore and develop Commercial Applications and commercialization
of Crown's technology
- ensure that Crown's technology is developed with commercially viable
functions, capabilities and compatibilities
- coordinate and direct and obtain facilities and personnel necessary for the
Research and Development of Crown's technology and its commercial
applications
- assist Crown in its effort to list and trade its stock
2. No more than once in each and every year after the date hereof, Macwin
shall present to Crown an invoice for its services as aforesaid and Crown
agrees to pay or provide forthwith to Macwin the value of such services.
3. This contract may be terminated by either party upon 30 days written notice
delivered to the other at its usual place of Business.
DATED at Toronto this 1st day of April 2001.
CROWN INTERNATIONAL INC. MACWIN INVESTMENTS INC.
By: /s/ Xxxx Xxxxx By: /s/ Xxxxx Xxxxx
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Xxxx Xxxxx Xxxxx Xxxxx
Director / Chief Operating Person President