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EXHIBIT 10.13
 
CONSULTING AGREEMENT
 
This Consulting Agreement (the “Agreement”) is entered into by and between
WestMountain Index Advisor, Inc. (the “Company”) and Capital Peak Partners LLC
(the Consultant”).

1.           Consulting Relationship.  During the term of this Agreement,
Consultant will provide business development and related advisory services (the
“Services”) to the Company as such are more fully described on Exhibit A
attached hereto.  Consultant represents that Consultant has the qualifications,
the experience and the ability to properly perform the Services.  Consultant
shall use Consultant’s best efforts to perform the Services such that the
results are satisfactory to the Company.
 
2.           Fees.  As consideration for the Services to be provided by
Consultant the Company shall pay to Consultant the amounts specified in Exhibit
B attached to this Agreement at the times specified therein.  Consultant shall
invoice the Company for all fees incurred, and such fees shall be paid, in
arrears, within ten (10) days of the Company’s receipt of each invoice.
 
3.           Expenses.  Consultant shall not be authorized to incur any expenses
behalf of the Company or incur any expenses itself that Consultant expects
Company to reimburse Consultant for without the Company’s prior consent, which
consent shall be evidenced in writing for any expenses in excess of $500 per
month.  As a condition to receipt of reimbursement, Consultant shall be required
to submit to the Company reasonable evidence that the amount involved was
expended and related to Services provided under this Agreement.  In certain
circumstances, as detailed on Exhibit B hereto, the Company shall advance
expenses to the Consultant for pre-approved expenditures made by the Consultant
on the Company’s behalf, and the Consultant shall upon incurring such expenses
provide to the Company reasonable evidence that the amount involved was expended
and related to the Services provided hereunder.
 
4.           Term and Termination.  Consultant shall serve as a consultant to
the Company for a period commencing on February 18, 2011 and terminating on
February 17, 2012. Notwithstanding the foregoing, either party may terminate
this Agreement at any time upon thirty (30) days’ written notice.  In the event
of such termination, Consultant shall be paid for any portion of the Services
that have been performed prior to the termination.
 
5.           Independent Contractor.  Consultant’s relationship with the Company
will be that of an independent contractor and not that of an employee.
 
(a)           Method of Provision of Services.  Consultant shall be solely
responsible for determining the method, details and means of performing the
Services.  Consultant may, at Consultant’s own expense, employ or engage the
service of such employees or subcontractors as Consultant deems necessary to
perform the Services required by this Agreement (the “Assistants”).  Such
Assistants are not the employees of the Company and Consultant shall be wholly
responsible for the professional performance of the Services by his Assistants
such that the results are satisfactory to the Company.
 
(b)           No Authority to Bind Company.  Neither Consultant, nor any
partner, agent or employee of Consultant, has authority to enter into contracts
that bind the Company or create obligations on the part of the Company without
the prior written authorization of the Company.
 
(c)           No Benefits.  Consultant acknowledges and agrees that Consultant
(or Consultant’s employees, if Consultant is an entity) will not be eligible for
any Company employee benefits and, to the extent Consultant (or Consultant’s
employees, if Consultant is an entity) otherwise would be eligible for any
Company employee benefits but for the express terms of this Agreement,
Consultant (on behalf of itself and its employees) hereby expressly declines to
participate in such Company employee benefits.
 
(d)           Withholding and Taxes.  Consultant shall have full responsibility
for applicable withholding taxes for all compensation paid to Consultant, its
partners, agents or its employees under this Agreement, and for compliance with
all applicable labor and employment requirements with respect to Consultant’s
self-employment, sole proprietorship or other form of business organization, and
Consultant’s partners, agents and employees, including state worker’s
compensation insurance coverage requirements and any US immigration visa
requirements.
 

 
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(e)           Work for Others.   The Company acknowledges, recognizes, and
agrees that, subject to the provisions of Section 7 hereto, the Consultant may
perform services for other persons, clients, or businesses.
 
6.           Proprietary Information.  The Company acknowledges, recognizes, and
agrees that the Consultant is being retained by the Company, in part, because of
the Consultant’s knowledge of and contacts in the investment community, business
development community and related services.  The Company further acknowledges
that this proprietary information is and shall remain the property of the
Consultant, and the Company represents, warrants and covenants that it will make
no claim that such information is or will become the Company’s intellectual
property by virtue of the relationship between the parties which arises from
this Agreement or applicable law.
 
7.           Consulting or Other Services for Competitors.  Consultant
represents and warrants that Consultant does not presently perform consulting or
other services for, or engage in an employment relationship with, companies who
businesses or proposed businesses in any way involve products or services which
are competitive with the Company’s products or services, or those products or
services proposed or in development by the Company during the term of the
Agreement (except for those companies, if any, listed on Exhibit C attached
hereto).  If, however, Consultant decides to do so, Consultant agrees that, in
advance of accepting such work, Consultant will promptly notify the Company in
writing, specifying the organization with which Consultant proposes to consult,
provide services, or become employed by and to provide information sufficient to
allow the Company and Consultant to mutually and collectively determine if such
proposed work will conflict with the terms of this Agreement, the interests of
the Company or further services which the Company might request of
Consultant.  If both the Consultant and Company, after a reasonable review,
determine such proposed work will compromise the Consultant’s ability to perform
under this Agreement the Company may elect to terminate this Agreement by giving
notice the Consultant as provided hereunder.
 
8.           Confidentiality and Nondisclosure.  Consultant shall not, during or
after the term of his engagement, directly or indirectly, use, disseminate, or
disclose to any person, firm, or other business entity for any purpose
whatsoever, any information not generally known in the industry in which the
Company is or may be engaged which was disclosed to Consultant or known by
Consultant as a consequence of or through his consulting relationship with the
Company.  This includes information regarding and relating to the Company's
services, pricing and clients, and also includes information relating to
purchasing, accounting, marketing, and merchandising.  Consultant shall hold in
a fiduciary capacity for the benefit of the Company all information described
herein, during the term of this Agreement, which may be directly or indirectly
useful in or related to the business of the Company or its affiliates, or may be
within the scope of its or their business. Notwithstanding this Section 8, with
the prior written consent of the Company, the Consultant may use Company
information for the Consultant’s marketing and other promotional materials.
 
Except as required by law, neither Consultant nor any of Consultant’s employees,
officers, agents or advisors shall issue any press release or make any other
public statement relating to this Agreement, any work done under this Agreement
or any of the transactions contemplated by this Agreement without obtaining the
prior written approval of Company as to the contents and the manner of
presentation and publication of such press release or public statement.
 
9.           Conflicts with this Agreement.  Consultant represents and warrants
that neither Consultant nor any of Consultant’s partners, employees or agents is
under any pre-existing obligation in conflict with or in any way inconsistent
with the provisions of this Agreement. Consultant represents and warrants that
Consultant’s performance of all the terms of this Agreement will not breach any
agreement to keep in confidence proprietary information acquired by Consultant
in confidence or in trust prior to commencement of this Agreement. Consultant
warrants that Consultant has the right to disclose and/or or use all ideas,
processes, techniques and other information, if any, which Consultant has gained
from third parties, and which Consultant discloses to the Company or uses in the
course of performance of this Agreement, without liability to such third
parties.  Consultant will not knowingly infringe upon any copyright, patent,
trade secret or other property right of any former client, employer or third
party in the performance of the Services required by this Agreement.
 

 
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10.           Miscellaneous.
 
(a)           Amendments and Waivers. Any term of this Agreement may be amended
or waived only with the written consent of the parties.
 
(b)           Sole Agreement.  This Agreement, including the Exhibits hereto,
constitutes the sole agreement of the parties and supersedes all oral
negotiations and prior writings with respect to the subject matter hereof.
 
(c)           Notices.  Any notice required or permitted by this Agreement shall
be in writing and shall be deemed sufficient upon receipt, when delivered
personally or by courier, overnight delivery service or confirmed facsimile, 48
hours after being deposited in the regular mail as certified or registered mail
(airmail if sent internationally) with postage prepaid, if such notice is
addressed to the party to be notified at such party’s address or facsimile
number as set forth below, or as subsequently modified by written notice.
 
(d)           Choice of Law.  The validity, interpretation, construction and
performance of this Agreement shall be governed by the laws of the State of
Washington, without giving effect to the principles of conflict of laws.
 
(e)           Severability.  If one or more provisions of this Agreement are
held to be unenforceable under applicable law, the parties agree to renegotiate
such provision in good faith.  In the event that the parties cannot reach a
mutually agreeable and enforceable replacement for such provision, then (i) such
provision shall be excluded from this Agreement, (ii) the balance of the
Agreement shall be interpreted as if such provision were so excluded and
(iii) the balance of the Agreement shall be enforceable in accordance with its
terms.
 
(f)           Counterparts.  This Agreement may be executed and delivered in
counterparts or electronically, each of which shall be deemed an original, but
all of which together will constitute one and the same instrument.
 
(g)           Arbitration.   Any dispute or claim arising from or relating to
this Agreement will be finally settled by binding arbitration in King County,
Washington, in accordance with the rules of the American Arbitration Association
by one arbitrator appointed in accordance with said rules.  The arbitrator shall
apply Washington law, without reference to rules of conflicts of law (for the
purpose of applying another jurisdiction’s law) or rules of statutory
arbitration, to the resolution of any dispute.  Judgment on the award rendered
by the arbitrator may be entered in any court having jurisdiction
thereof.  Notwithstanding the foregoing, the parties may apply to any court of
competent jurisdiction for preliminary or interim equitable relief, or to compel
arbitration in accordance with this paragraph, without breach of this
arbitration provision.
 
(h)           Jurisdiction and Venue.  Any suit involving any dispute or matter
arising under this Agreement may only be brought in the United States District
Court for the Western District of Washington or any Washington State Court
having jurisdiction over the subject matter of the dispute or matter.  Each of
the parties hereto, hereby consents to the exercise of personal jurisdiction by
any such court with respect to any such proceeding.
 
(i)           Advice of Counsel.  EACH PARTY ACKNOWLEDGES THAT, IN EXECUTING
THIS AGREEMENT, SUCH PARTY HAS HAD THE OPPORTUNITY TO SEEK THE ADVICE OF
INDEPENDENT LEGAL COUNSEL, AND HAS READ AND UNDERSTOOD ALL OF THE TERMS AND
PROVISIONS OF THIS AGREEMENT.  THIS AGREEMENT SHALL NOT BE CONSTRUED AGAINST ANY
PARTY BY REASON OF THE DRAFTING OR PREPARATION HEREOF.
 
[Signature Page Follows]
 

 
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IN WITNESS WHEREOF, the parties hereto have hereby executed this Agreement on
the respective dates set forth below.
 
COMPANY:
WestMountain Index Advisor, Inc.
By:  /s/ Greg Schifrin
Name: Greg Schifrin
Title: President
Address:  2186 S. Holly St., Suite 104, Denver, CO 80222
Fax: __________________________________
Dated: February 18, 2011
 
CONSULTANT:
Capital Peak Partners LLC
By: /s/ Mike Lavigne
Name:  Mike Lavigne
Title: ________________________________
Address:  602 Cedar St, Suite 205, Wallace, ID 83873
 
Fax: _________________________________
Dated: February 18, 2011
 
       

 

 
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EXHIBIT A
 

DESCRIPTION OF CONSULTING SERVICES
 

Description of Services and Deliverables
 
Schedule/Deadline
1. Acquisition of Terra Mining Corporation.  Assist in negotiating, structuring
and completing the acquisition of Terra.
                   February 2011
2. Private equity investment of not less than $1 million. Assist in structuring
a private placement and helping to prepare information and presentation material
for investors.
                   February 2011
3. Elimination and/or conversion of Terra Mining Corporation and/or Company debt
into Company equity with goal of Company having
no debt to third parties by the Deadline date.
4. Provide ongoing advice with regards
to                                      implementing the company’s business
plan, business development, acquisitions or mergers and assisting in identifying
new or additional capital sources and assisting in preparation and structuring
of capital transactions.
 
                   February 2011
           

 
 

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EXHIBIT B
 
COMPENSATION
 

 
Check applicable payment terms:
 
[  ]
For Services rendered by Consultant under this Agreement, the Company shall pay
Consultant flat fee of $ _____________, payable within ten (10) days of invoice.

 
[  ]
For Services rendered by Consultant under this Agreement, the Company shall pay
Consultant at the rate of $____________ per month, payable within ten (10) days
of invoice.

 
[  ]        
For Services rendered by Consultant under this Agreement, the Company shall pay
Consultant at the rate of $____________ per hour, payable within (10) days of
invoice.

 
[ X ]
For Services rendered by the Consultant in connection with the transaction
related to the issuance by the Company of debt or equity securities the
consummation of which yields to the Company net proceeds of $1,500,000 (This
amount shall include any  debt converted by Boco Asset Management or related
entities.); Consultant shall, upon the closing of such transaction, be paid a
one-time bonus of  $125,000.00. However, if the company through raising new
capital or converting Boco et al debt , does not reach $1,500,000 but does total
over $1,000,000 then the Consultants bonus will be reduced proportionally.

 
[  ]
Consultant is authorized to incur the following expenses, and such expenses
shall be reimbursed or advanced (circle one) by the Company to the Consultant.

 

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[ x ]
Other:

 
Warrants for a total of 1,800,000 shares of Company Common stock substantially
in the form attached hereto as Exhibit D, to be issued as follows.
 
Upon closing of the Company’s acquisition of Terra Mining Corporation (including
its subsidiary Terra Gold Corp.) and related assets owned or controlled by Greg
Schifrin and/or James Baughman necessary or useful for exploitation and
development of Terra Mining Corporation’s assets, warrants for  1,000,000 shares
will be issued.
 
Upon the elimination and/or conversion of all outstanding Terra Mining
Corporation and Company debt to third parties, warrants for 800,000 shares will
be issued.
 

 
If the Company is successful in raising additional capital including monies
raise or debt converted by BOCO Asset Management or related entities then as a
form of anti-dilution consultant will receive warrants to acquire up to 250,000
shares at an exercise price of $.50  per share and up to 250,000 shares at an
exercise price of $.75 per share.  Consultant will receive 50,000 shares of each
of the $.50 and $.75 for every $300,000 of money raised or BOCO debt converted.
 

 
 

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EXHIBIT C
 
LIST OF COMPANIES AND PROJECTS
EXCLUDED UNDER SECTION 7

__X_ Conflicts described below:

Silver Verde May Mining Company, Inc. and any related entities.

___ No conflicts
 
___ Additional Sheets Attached
 
Signature of
Consultant:                                                                                
 
Print Name of
Consultant:                                                                                
 
Date:                                                                                

 
 
 

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EXHIBIT D
 
Form of Warrants to be issued to Consultant

 
 
 

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