EX-4.17 109 v073839_ex4-17.htm
MANAGEMENT AGREEMENT
 
This Management Agreement is dated for reference August 4, 2005.
 
BETWEEN:
 
William Jefferies, businessman, of 753 Sawyer’s Lane, Vancouver, BC V5Z 3Z8
 
(the “Manager”)
 
AND:
 
MOSQUITO CONSOLIDATED GOLD MINES LIMITED, a company having a registered and records office located at Suite 1925, 700 West Georgia Street, PO Box 10037, Pacific Centre, Vancouver, BC, V7Y 1A1
 
(the “Company”)
 
WHEREAS:
 
A. The Company has agreed to retain the services of the Manager on the terms and conditions hereinafter set forth effective the date referenced above; and
 
B. The Manager has agreed to be retained by the Company upon the terms and conditions hereinafter set forth.
 
NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the premises and mutual covenants and agreements herein contained, the parties hereto covenant and agree each with the other as follows:
 
1.
RETAINER
 
The Company hereby retains the Manager and the Manager hereby accepts such retainer, to perform the duties and render the services set forth herein during the term of this Agreement.
 
2.
TERM
 
This Agreement shall be renewable for a term of one further year subject to the approval of the board of directors prior to each renewal.
 
3.
COMPENSATION
 
As compensation for the services of the Manager during the term of this Agreement, the Company shall pay the Manager a monthly salary of $5,000.00.
 

 
4.
REIMBURSEMENT FOR EXPENSES
 
The Manager will be reimbursed for all reasonable out-of-pocket expenses incurred by the Manager in or about the execution of his duties which are pre-approved by the Company.
 
5.
DUTIES AND SERVICES

In carrying out its obligations under this Agreement the Manager shall:

 
(a)
perform normal business functions including book keeping, preparation of financial statements and otherwise operate and manage the administration of the Company's business in accordance with and as limited by this Agreement; and

 
(b)
co-ordinate the release of all information about the Company by filing the prescribed form of documents with governmental regulatory authorities as may be required from time to time including, but not limited to:

-        audited and interim financial statements
-        quarterly reports
-        annual reports
-        filing statements
-        statements of material facts
-        certified copies of directors resolutions
-        notices of change of address
-        news releases.
 
6.
TERMINATION OF AGREEMENT
 
Notwithstanding any other provision herein, it is understood and agreed by and between the parties hereto that the Manager may resign his retainer hereunder by giving one month’s written notice of such intention to resign.
 
7.
CONFIDENTIAL INFORMATION
 
The parties hereto acknowledge and agree that the Manager will have access to confidential and secret information and therefore the Manager agrees that during the term of this Agreement and on termination or expiry of same, for any reason whatsoever, the Manager will not divulge or utilize for his own benefit or to the detriment of the Company any of such secret or confidential information.
 
8.
PERSONAL CONTRACT
 
This Agreement and all other rights, benefits and privileges herein confirmed will be personal, and accordingly may not be assigned by the Manager.
 

 
9.
NOTICES
 
All notices or other instruments or communications provided for in this Agreement shall be in writing and signed by the party giving same and shall be deemed properly given if sent by courier deliver addressed to such part at the address set out above, or to such facsimile number as each party to this Agreement has provided to the other from time to time. Each party may by notice to the other party, specify any other address or facsimile number for the receipt of such notices, instruments or communications. Any notice, instrument or communication sent by facsimile transmission shall be deemed properly given only when received by the person to whom it is sent.
 
10.
APPLICABLE LAW
 
This Agreement shall be governed by the laws of the Province of British Columbia, Canada.
 
11.
ENTIRE AGREEMENT
 
This Agreement represents the entire agreement between the parties and supersedes any and all prior agreements and understandings, whether written or oral, between the parties. The Manager acknowledges that he was not induced to enter into this Agreement by any representation, warranty, promise or other statement except as contained herein.
 
12.
AMENDMENT
 
This Agreement may not be amended or otherwise modified except in writing signed by both parties.
 
13.
HEADINGS
 
All headings and titles in this Agreement are for reference only and are not to be used in the interpretation of the terms hereof.
 
14.
ACCEPTANCE OF AGREEMENT
 
This Agreement is subject to the approval of the Board of Directors of the Company.
 
IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the 4th day of August, 2005.
 
/s/ William Jefferies

WILLIAM JEFFERIES
 
 
MOSQUITO CONSOLIDATED GOLD MINES LIMITED
 
 
Per: /s/ Brian McClay     

Authorized Signatory