CONTRACT FOR SERVICES THIS AGREEMENT made this 1st day of April, 2007. BETWEEN:
Exhibit
10.1
THIS
AGREEMENT made this 1st day of April, 2007.
BETWEEN:
Blackmont
Resources Ltd.,
a
company duly incorporated under the laws of the State of Nevada, and having
its
registered office at 000 Xxxx Xxxx Xx., Xxxxxx Xxxx, XX, 00000;
(hereinafter
called the “Company”)
OF
THE
FIRST PART
AND:
BUA
GROUP HOLDINGS LTD.,
of
609-475 Xxxx Street, in the City of Vancouver, in the Xxxxxxxx xx Xxxxxxx
Xxxxxxxx, X0X 0X0;
(hereinafter
called the “Administrator”)
OF
THE
SECOND PART
WHEREAS:
A. The
Administrator represents that the principals of the Administrator, Xxxxx Xxxxx
and Xxxx Xxxxxxxxxx, are experienced in the business of administrating the
affairs of companies and businesses.
B. The
Company desires to engage the services of the Administrator for the purposes
of
administrating the affairs of the Company.
C. The
effective date of this Agreement shall be the 1st day of April , 2007 (the
“Effective Date”).
NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the premises
and mutual covenants and agreements hereinafter contained, the parties hereto
agree as follows:
1. The
Company hereby appoints the Administrator to be the manager of the Company’s
daily affairs, including managing the Company’s office.
2. The
Administrator, as manager for the Company, shall:
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(a)
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cause
the Company to punctually pay all proper bills and accounts for supplies,
materials, services and wages presented to the Company, with the
Company’s
funds when available in the Company’s treasury; the Administrator will be
reimbursed for all bills and accounts and out-of-pocket expenses
paid or
incurred on behalf of the Company (the “Administrator’s
Expenses”);
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(b)
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cause
the Company to keep proper books of accounts and records showing
the
Company’s income and expenditures;
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(c)
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cause
the Company to keep records of the Company’s assets and business interest
and all subsequently acquired projects and properties, and ensure
that
these aforementioned assets are kept in good standing through the
due
payment of all taxes, rents and assessments imposed or levied upon
same
with funds provided by the Company; and
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(d)
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provide
such other managerial assistance as the Company may request from
time to
time.
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3. The
Administrator shall undertake and exercise the ordinary functions of manager
for
the Company.
4. The
services of the Administrator shall commence on the effective date and this
Agreement shall terminate one year after the Effective Date or by written notice
of the Administrator, whichever shall first occur:
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(a)
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in
the case of a termination notice by the Administrator to the Company
and
upon payment of the current month’s Fee at the date of the notice plus the
reimbursement of any the reimbursement of any Administrator’s Expenses;
the Administrator shall leave all records, reports and data pertaining
to
and belonging to the Company in an up-to-date and orderly manner
and shall
not remove any of these records, reports and data from the office
of the
Company;
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(b)
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(i)
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In
the event of a notice by either party being given before the 15th
day of
the month, the Administrator shall provide its services if requested
by
the Company until the last day of the month in which the notice is
given,
or
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(ii)
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if
the notice is given after the 15th day of the month, the Administrator
shall provide its services for a minimum ten (10) business days
immediately following the date of the
notice.
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5.
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(a)
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The
Administrator shall cause its employee’s to devote sufficient time, skill,
knowledge and attention to managing the affairs of the Company, on
behalf
of the Administrator, in a competent and manner and the Administrator
shall receive from the Company, as a fee for services provided to
the
Company, the sum of Five Hundred ($500) Dollars per
month;
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(b)
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The
Company will pay the Administrator Two Hundred and Fifty ($250.00)
Dollar
per month for office expenses.
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6. All
payments hereunder shall be made to the Administrator at its address first
above
written and the Company shall remit such payments to the Administrator on a
regular monthly basis commencing the Effective Date.
7. The
Company shall indemnify and save harmless the Administrator from and against
any
and all actions, claims, suits, demands, losses and/or damages whatsoever which
may arise or result from or are caused by the Administrator or the Company
or
anyone associated with or employed by the Administrator or the Company in the
ordinary scope of employment or the terms of management.
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8. The
Administrator shall act upon all lawful instructions given to it by the Board
of
Directors of the Company.
9. Any
notice required to be given to either party by the other hereunder shall be
well
and sufficiently given if sent by registered mail, postage paid or if delivered
to the parties hereto at their respective addresses as first above written.
Such
notice shall be deemed received, if delivered, when delivered or, of mailed,
forty-eight (48) hours after posting. Either party may change its address for
notice by advising the other party in writing.
10. This
Agreement shall enure to the benefit of and be binding upon the parties hereto
and their respective successors and assigns, as the case may be.
IN
WITNESS WHEREOF this Agreement has been executed by the parties hereto on the
date and year first above written.
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THE
CORPORATE SEAL of Blackmont
Resources. was
hereunto affixed in the presence of:
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C/S
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THE
CORPORATE SEAL of
BUA GROUP HOLDINGS LTD., was
hereunto affixed in the presence of:
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C/S
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