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Title: |
Consulting Agreement |
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Entities: |
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Date: |
2006 |
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Size: |
17KB total |
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Price: |
$42 |
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ID: |
#1346597 |
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CONSULTING AGREEMENT
THIS AGREEMENT made as of the 1st day of April 2005
BETWEEN:
PLATINUM GROUP METALS LTD., a corporation subsisting under the laws of British Columbia, with an office at Suite 328 550 Burrard Street, Vancouver, British Columbia, V6C 2B5
(PGM or the Corporation)
OF THE FIRST PART
- and
R. MICHAEL JONES, businessman, of XXXX XXXX XXX XXXXXX, XXXXXXXXX, XXXXXXX XXXXXXXX, XXX XXX
(Jones)
OF THE SECOND PART
WHEREAS PGM wishes to contract for the services of Jones and Jones wishes to provide services to PGM in connection with the continuing operation of the business carried on by PGM (the Business) from Vancouver, British Columbia.
AND WHEREAS PGM and Jones wish to set out the terms of Joness engagement.
NOW THEREFORE IN CONSIDERATION OF the payment of the sum of $1.00, the covenants and agreements continued in this Agreement, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:
AGREEMENT TO ENGAGE
1.
PGM agrees to continue to engage Jones in connection with the Business on the terms and conditions set out herein (the Consulting Engagement), and Jones agrees to accept engagement on such terms.
TERM
2.
The term of this Agreement and the Consulting Engagement shall be for an indefinite period, provided that:
(a)
PGM may terminate this Agreement and the Consulting Engagement at any time as set out in paragraphs 9 and 10 hereof;
- 2 -
(b)
Jones may terminate this Agreement and the Consulting Engagement at any time as set out in paragraph 11 hereof;
(c)
This Agreement and the Consulting Engagement are automatically terminated when Jones dies or, at PGMs option, at any time after he reaches the age of 65;
(d)
Jones may terminate this Agreement and the Consulting Engagement if there is a change in control as set out in paragraph 12 hereof; and
(e)
PGM may, at its option, give notice that this Agreement and the Consulting Engagement are terminated effective immediately by reason of Jones being unable to perform substantially all his duties for a continuous period in excess of 6 months or for periods collectively exceeding 6 months in any 12-month period. Such termination may be without advance notice or compensation to Jones.
DUTIES AND RESPONSIBILITIES
3.
Jones shall be the President and Chief Executive Officer of PGM and shall, in such capacity, be in charge and control of and be responsible for the day-to-day operations and business of PGM and shall have the authority, and perform the duties, assigned to him from time to time by the Board of Directors of PGM. PGM agrees that it shall not relocate Jones outside of the Greater Vancouver Regional District without the consent of Jones.
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