Document:

Incorporated Communications Services

4515 Ocean View Blvd., Suite 305, La Cañada, CA  91011

 

January 1, 2011

 

ICS Services Agreement with California Gold Corp.

 

Incorporated Communications Services, a California administrative services & communications corporation (“ICS”), hereby enters into a basic admin services agreement with California Gold Corp. (the “Company”) whose CEO is James Dale Davidson III.  The term of this Agreement is for one year (12 months), effective as of January 1, 2011, unless otherwise extended and/or terminated by either party on 60 days’ written notice.

 

ICS represents that it has a full staff complement of eight personnel and is competent to perform the following tasks for the Company on an on-going basis, such duties to include:

 

1.           Providing its own address, phone number and fax number and serving as the corporate headquarters and communications office for the Company.  ICS shall assign and put into place specific phone and fax numbers that will operate exclusively for the benefit of the Company, as of December 31, 2010.

 

2.           Performing the Company’s basic monthly bookkeeping requirements and also implementing a purchase order system for all withdrawals from the Company’s bank account which shall remain as a client trust account with the Company’s law firm, Gottbetter & Partners, LLP (“G&P”), New York, New York.  No withdrawals from the Company’s account will be allowed without an approved purchase order request for such withdrawals that is signed by the Company’s COO, Mr. George Duggan, and in certain cases, by the CEO, as well. In each instance of a proposed withdrawal, Mr. Duggan shall coordinate directly with ICS and G&P, submitting an approved and signed purchase order created by ICS in support of the withdrawal request.

 

Any and all requests for payments or withdrawals from the Company’s account shall first be submitted to ICS by email for review and approval before being acted on as per the foregoing paragraph.  Such purchase order requests shall be sent to Mr. George Duggan at gduggan@nat-media.com and also copied to Mr. Rob Rainer at admin@nat-media.com, at ICS.

 

ICS shall also coordinate closely with Albeck, the Company’s Texas-based preparer of its annual and quarterly financial statements, and also, as needed, with MaloneBailey, LLP, the Company’s auditors, in providing records of all bookkeeping and approved purchase orders.

 

  

  

  

 

3.           ICS will route and forward any and all incoming calls directed to the Company or its personnel, coordinating directly with the Company personnel in facilitating communications.  ICS shall also keep phone logs of all such incoming calls.  Any incoming mail for Company personnel shall also be regularly routed to appropriate personnel.

 

4.           ICS will handle all incoming investor inquiries as necessary, also reporting to the CEO and others on such calls as necessary.  The Company’s COO will directly supervise this function.

 

5.           ICS shall act, as necessary, to assist Company management in preparing any and all required Company news releases, and also facilitate their dissemination as per specific orders.  Any direct dissemination expenses or wire distribution charges shall be approved beforehand by the COO and the CEO via purchase orders before any expense is incurred.

 

6.           ICS communications/marketing personnel shall prepare an up-to-date PowerPoint presentation on the Company and its initial project, and also supervise the professional work involved in building and launching a new and fully updated Company informational website.  Any direct costs entailed in developing these communications tools will be approved by the CEO and COO via formal purchase orders prior to incurring any expenditures.

 

7.           ICS shall bill the Company $US6,000.00/month for the above services and this basic fee is herewith approved by the Company over a 12-month term effective as of Jan. 1, 2011.  This monthly fee may be increased in the future should the Company’s Board of Directors determine that the Company has sufficient funds to warrant such an increase.  ICS shall also bill the Company fully documented expenses of phone, postage, copying, courier deliveries, etc., each month, and these will be promptly paid by the Company.  All other expenses, e.g., website development, PowerPoint graphics, marketing materials, reproductions, printing, will be pre-approved via the purchase order system before any expense is incurred.

 

8.           The parties intend and acknowledge that ICS is acting as an independent contractor and neither it nor any of its staff will be employees of the Company.  ICS shall have full discretion in determining the activities to be devoted to rendering the services contemplated under this Agreement and the level of compensation to ICS is not dependent upon any preordained level of activity.  The Company acknowledges that ICS shall remain free to accept other engagements of a like nature to the engagement under this Agreement.  The Company shall not be responsible for any withholding in respect of taxes or any other deductions in respect of the fees to be paid to ICS and all such amounts shall be paid without any deduction or withholding, except as may be otherwise required by applicable laws.  Nothing in this Agreement shall be construed to create any partnership, joint venture or similar arrangement between the Company and ICS or to render either party responsible for any debts or liabilities of the other.

 

  

  

  

 

9.            ICS expressly acknowledges that, in the performance of its duties and responsibilities on behalf of the Company, it has been, and will be, exposed to the trade secrets, business and/or financial secrets and confidential and proprietary information of the Company, its affiliates and/or its clients, business partners or customers (“Confidential Information”). Except as authorized in writing by the Company, during the performance of ICS’s duties and responsibilities for the Company and until such time as any such Confidential Information becomes generally known to and readily ascertainable by proper means to persons outside the Company, its affiliates and/or its clients, business partners or customers, ICS agrees to keep strictly confidential and not use for its personal benefit or the benefit to any other person or entity (other than the Company or its affiliates) the Confidential Information. At any time upon demand by the Company, and upon the resignation or termination of the services of ICS, ICS shall deliver forthwith to the Company any and all originals and copies, including those in electronic or digital formats, of the Confidential Information.

 

10.           All issues and disputes concerning, relating to or arising out of this Agreement and from ICS’s retention by the Company, including, without limitation, the construction and interpretation of this Agreement, shall be governed by and construed in accordance with the laws of the State of New York.

 

11.           ICS’s obligations under this Agreement are personal in nature and may not be assigned by ICS to any other person or entity.  The Company’s rights under this Agreement may be assigned by the Company to any affiliate that expressly assumes and agrees to perform this Agreement in the same manner and to the same extent that the Company would have been required to in the absence of such assignment.  This Agreement shall be enforceable by the Company and its affiliates, successors and assigns, and the Company shall require any successors and assigns to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession or assignment had taken place.

 

12.           This instrument constitutes the entire Agreement between the parties regarding its subject matter.  When signed by each of the parties, this Agreement supersedes and nullifies all prior or contemporaneous conversations, negotiations, or agreements, oral and written, regarding the subject matter of this Agreement.  In any future construction of this Agreement, this Agreement should be given its plain meaning.  No provision of this Agreement is intended to confer upon any person other than ICS and the Company any rights or remedies hereunder.   This Agreement may be amended only by a writing signed by the parties.

 

13.           This Agreement may be executed in counterparts.  A counterpart transmitted via facsimile and all executed counterparts, when taken together, shall constitute sufficient proof of the parties’ entry into this Agreement.  The parties agree to execute any further or future documents which may be necessary to allow the full performance of this Agreement.

 

  

  

  

 

ICS looks forward to providing the Company with a stable operating platform and effective coordination of the Company’s communications and basic bookkeeping functions.

 

This Agreement is herewith approved:

 

	
  

	  	
  

	
James Dale Davidson III

	  	
George Duggan

	
Chief Executive Officer

	  	
on behalf of

	
California Gold Corp.

	  	
Incorporated Communications

	  	  	
ServicesCONSULTING AGREEMENT

CONSULTING AGREEMENT dated as of January 17, 2011 (the “Agreement”) by and between George Duggan (the “Consultant”) and California Gold Corp. (the “Company”).

 

WHEREAS, the Company desires to engage the Consultant as the Company’s Chief Operating Officer (“COO”) and to provide services to the Company that are ordinarily and customarily performed by a COO, and the Consultant is willing to be engaged by the Company as a consultant and to serve as the COO of the Company, on the terms and conditions set forth below;

 

NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, the receipt and sufficiency of which are hereby acknowledged, the Company and the Consultant agree as follows:

 

1.           Consulting.                The Company hereby retains the Consultant, and the Consultant hereby agrees to make himself available as a consultant to the Company, upon the terms and subject to the conditions contained herein.

 

2.           Duties of Consultant.              (a)           During the Consulting Term (as hereinafter defined), the parties agree that the Consultant shall serve as the Company’s COO and shall perform all the duties that are ordinarily and customarily performed by a COO, provided that the Consultant shall not be required to undertake duties not reasonably within the scope of the duties of a COO.

 

(b)         The Consultant’s services shall be performed primarily at the Consultant’s offices that are located in La Canada, CA.  The parties acknowledge, however, that the Consultant may be required to travel in connection with the performance of his duties hereunder.

3.           Term.           Subject to the provisions for termination hereinafter provided, the term of this Agreement shall commence on January 17, 2011 (the “Effective Date”) and shall continue for a minimum period of 12 months (the “Minimum Period”) and thereafter upon the mutual agreement of the Company and the Consultant (the “Consulting Term”).

4.           Compensation.          In consideration of the services to be rendered by the Consultant hereunder, the Company will pay the Consultant a monthly fee of $2,500.

5.           Termination.              If the Consultant should become unable to serve as COO or should fail to perform any of the obligations hereunder for any cause including death or disability, always in the sole judgment and decision of the Company, then the Company shall have the right to terminate this agreement on five days prior written notice.  The Consultant shall have the right to resign at any time upon 30 days prior written notice.  The Company may in its discretion and at its option terminate this Agreement at any time after the Minimum Period upon five (5) days prior written notice to the Consultant.

6.           Reimbursement.        The Company will reimburse the Consultant for all reasonable pre-approved out-of-pocket expenses incurred in connection with this Agreement.

 

  

  

  

 

7.           Confidential Information.        The Consultant recognizes and acknowledges that by reason of Consultant’s retention by and service to the Company before, during and, if applicable, after the Consulting Term, the Consultant will have access to certain confidential and proprietary information relating to the Company’s business, which may include, but is not limited to, trade secrets, trade “know-how,” product development techniques and plans, formulas, customer lists and addresses,  financing services, funding programs, cost and pricing information, marketing and sales techniques, strategy and programs, computer programs and software and financial information (collectively referred to as “Confidential Information”).  The Consultant acknowledges that such Confidential Information is a valuable and unique asset of the Company and Consultant covenants that she will not, unless expressly authorized in writing by the Company, at any time during the Consulting Term use any Confidential Information or divulge or disclose any Confidential Information to any person, firm or corporation except in connection with the performance of Consultant’s duties for the Company and in a manner consistent with the Company’s policies regarding Confidential Information.  The Consultant also covenants that at any time after the termination of this Agreement, directly or indirectly, he will not use any Confidential Information or divulge or disclose any Confidential Information to any person, firm or corporation, unless such information is in the public domain through no fault of Consultant or except when required to do so by a court of law, by any governmental agency having supervisory authority over the business of the Company or by any administrative or legislative body (including a committee thereof) with apparent jurisdiction to order Consultant to divulge, disclose or make accessible such information.  All written Confidential Information (including, without limitation, in any computer or other electronic format) which comes into the Consultant’s possession during the Consulting Term shall remain the property of the Company.  Except as required in the performance of the Consultant’s duties for the Company, or unless expressly authorized in writing by the Company, the Consultant shall not remove any written Confidential Information from the Company’s premises, except in connection with the performance of Consultant’s duties for the Company and in a manner consistent with the Company’s policies regarding Confidential Information.  Upon termination of this Agreement, the Consultant agrees to return immediately to the Company all written Confidential Information (including, without limitation, in any computer or other electronic format) in Consultant’s possession.

 

8.           Status as Independent Contractor.    The parties intend and acknowledge that the Consultant is acting as an independent contractor and not as an employee of the Company.  The Consultant shall have full discretion in determining the amount of time and activity to be devoted to rendering the services contemplated under this Agreement and the level of compensation to Consultant is not dependent upon any preordained time commitment or level of activity.  The Company acknowledges that the Consultant shall remain free to accept other consulting engagements of a like nature to the engagement under this Agreement.  The Company shall not be responsible for any withholding in respect of taxes or any other deductions in respect of the fees to be paid to Consultant and all such amounts shall be paid without any deduction or withholding.  Nothing in this Agreement shall be construed to create any partnership, joint venture or similar arrangement between the Company and the Consultant or to render either party responsible for any debts or liabilities of the other.

  

  

  

 

9.           Consultant’s Services to Others.        The Company acknowledges that Consultant and his affiliates are in the business of providing consulting advice to others.  Nothing herein contained shall be construed to limit or restrict Consultant or his affiliates in conducting such business with respect to others or in rendering such advice to others.  The Consultant acknowledges that the Company may hire other consultants to provide services complimentary to those provided by the Consultant.

10.           Conflict of Interest.        The Consultant and the Company agree that there is no conflict of interest in connection with the retention by the Company of the Consultant pursuant to this Agreement.

 

11.           Waiver of Breach.          The waiver by any party hereto of a breach of any provision of this Agreement shall not operate nor be construed as a waiver of any subsequent breach.

 

12.           Binding Effect; Benefits.        Neither of the parties hereto may assign its or his rights hereunder without the prior written consent of the other party hereto, and any such attempted assignment without such consent shall be null and void and without effect.  This Agreement shall inure to the benefit of, and shall be binding upon, the parties hereto and their respective successors, permitted assigns, heirs and legal representatives.

 

13.           Notices.                           All notices and other communications which are required or may be given under this Agreement shall be in writing and shall be deemed to have been duly given (a) when delivered in person, (b) one (1) business day after being mailed with a nationally recognized overnight courier service, or (c) three (3) business days after being mailed by registered or certified first class mail, postage prepaid, return receipt requested, to the parties hereto at:

 

	 	
If to the Company, to :

	
c/o ICS, 2515 Ocean View Blvd., Ste 305

	 	
  

	
La Canada, CA 91011

 

	 	
If to the Consultant, to:

	
2515 Ocean View Blvd., Ste 305

	 	
  

	
La Canada, CA 91011

 

12.           Entire Agreement; Amendments.                      This Agreement contains the entire agreement and supersedes all prior agreements and understandings, oral or written, between the parties hereto with respect to the subject matter hereof.  This Agreement may not be changed orally, but only by an agreement in writing signed by the party against whom any waiver, change, amendment, modification or discharge is sought.

 

13.           Severability.                     The invalidity of all or any part of any provision of this Agreement shall not render invalid the remainder of this Agreement or the remainder of such provision.  If any provision of this Agreement is so broad as to be unenforceable, such provision shall be interpreted to be only so broad as is enforceable.

 

14.           Governing Law; Consent to Jurisdiction.                      This Agreement shall be governed by and construed in accordance with the law of the State of New York without giving effect to the principles of conflicts of law thereof.  The parties hereto each hereby submits herself or itself for the sole purpose of this Agreement and any controversy arising hereunder to the exclusive jurisdiction of the state courts in the State of New York.

 

  

  

  

 

15.           Headings.                        The headings herein are inserted only as a matter of convenience and reference, and in no way define, limit or describe the scope of this Agreement or the intent of the provisions thereof.

 

16.           Counterparts.                  This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument.  Signatures evidenced by facsimile transmission will be accepted as original signatures.

 

[SIGNATURE PAGE FOLLOWS]

 

  

  

  

 

IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed as of the date first above written.

	  	
CALIFORNIA GOLD CORP.

	  	  	  
	  	
By:

	  
	  	
James D. Davidson

	  	
President & CEO

	  	  	  
	  	  
	  	
GEORGE DUGGAN

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