MANAGEMENT AGREEMENT
AGREEMENT dated for reference the 1st day of April, 1999.
BETWEEN: WFC MANAGEMENT CORPORATION, a company incorporated
under the laws of British Columbia
(hereinafter called "WFC")
OF THE FIRST PART
AND: ADVENTURE MINERALS INC., a company incorporated
under the laws of the State of Nevada
(hereinafter called "Adventure")
OF THE SECOND PART
WHEREAS WFC has business and management expertise and
maintains an office with reception services, secretarial
services and office administration services, including
telephone and computer services;
AND WHEREAS Adventure requires management services, reception
services, secretarial services, office administration
services, including telephone and computer services, and
wishes WFC to provide same to Adventure;
NOW THEREFORE THE PARTIES HAVE AGREED and do hereby agree as
follows:
1. WFC hereby agrees to provide the management services of
Xxxxxxx Hand as President of the Adventure to carry out
management and direction of the business of the Company,
including managing and supervising any mineral exploration
activities carried out by Adventure.
2. WFC hereby agrees to provide reception services,
secretarial services and office administration services,
including telephone and computer services, to Adventure.
3. In consideration of WFC providing all the above mentioned
services to Adventure, Adventure agrees to pay to WFC,
$750.00 U.S. per month payable on the 1st day of each month.
4. In addition to the above expense stated above, Adventure
agrees to reimburse WFC for any expenses directly
attributable to performing its obligations to Adventure
pursuant to this Agreement.
5. Adventure shall pay any directly attributable expenses on
receipt of an invoice from WFC.
6. This Agreement shall be for a term of one year commencing
April 1, 1999 and ending March 31, 2000.
7. No amendment or termination of this Agreement shall be
valid unless it is in writing and executed by both parties.
8. Time shall be of the essence of this Agreement.
IN WITNESS WHEREOF the parties hereto have executed this
Agreement as of the day and year first above written.
WFC MANAGEMENT CORPORATION
by its authorized signatory
\s\ Xxxxxxx Hand
---------------------------------
Signature of Authorized Signatory
President
---------------------------------
Name of Authorized Signatory
ADVENTURE MINERALS INC.
by its authorized signatory
\s\ Xxxxxxx Hand
---------------------------------
Signature of Authorized Signatory
President
----------------------------------
Name of Authorized Signatory
