Mascot Ventures Inc. Carson City, Nevada 89701 November 19, 2009
EXHIBIT
10.1
Mascot
Ventures Inc.
0000
Xxxxx Xxxxxx Xxxxxx, Xxxxx 000
Xxxxxx
Xxxx, Xxxxxx 00000
November
19, 2009
Xxxxx
Xxxxxxx
President
Mascot
Ventures Inc.
0000
Xxxxx Xxxxxx Xxxxxx, Xxxxx 000
Xxxxxx
Xxxx, Xxxxxx 00000
This letter agreement, dated November
19, 2009, memorializes the terms and conditions of that certain agreement of
compensation by and between Xxxxx Xxxxxxx (“Wildmen”) and Mascot Ventures Inc.,
a Nevada corporation (the “Company”).
1. Compensation. The
Company agrees to pay Wildmen, for a term of two (2) years, $1,000 per month, on
the last day of each month, as consideration for Wildmen serving and performing
his duties as a non-employee President of the Company. Wildmen shall
have such executive responsibilities and duties as are assigned by the Board of
Directors of the Company and are consistent with the position of
President. Wildmen shall assign his right to such compensation of
$1,000 per month to the Company, until such time as the Company closes on an
equity or debt financing of not less than $100,000.
3. Assignment. This
letter agreement may not be assigned unless the Company and Wildmen consent in
writing to such assignment.
Very truly yours,
By: ___________________________________
Name: Clive
Hope
Title: Secretary
Agreed
and Accepted this 19th day of
November:
By: ___________________________________
Name: Xxxxx
Xxxxxxx (individually)
