Document:

Unassociated Document

    
      

      CONSULTING AGREEMENT

      

      This
Consulting Agreement (the "Agreement"), effective as of this 5th day of August,
2009 (the "Effective Date") is entered into by and between, Europus Capital
Investments, Inc (the "Consultant") and Megola, Inc., (the
"Company").

      

      B
A C K G R O U N D:

      

      
        WHEREAS,
Company desires to engage the services of Consultant to consult, assist and
advise the company in the process of potentially moving from the Pink Sheets to
the OTCBB.

      

      Assist
and advise the Company in identifying investor relations and/or public relations
and/or market relations organizations to be utilized by the Company and
assisting the Company with such investor relations and/or public relations
and/or market relations organizations which are engaged by the
Company;

      

      NOW
THEREFORE, in consideration of the promises and the mutual covenants and
agreements hereinafter set forth, the parties hereto covenant and agree as
follows:

      

      1.  Term of Consultancy: Company
hereby agrees to retain the Consultant to act in a consulting capacity to the
Company, and the Consultant hereby agrees to provide services to the Company
commencing on the Effective Date and ending 12 Months from the Effective Date
unless terminated pursuant to Section 8 of this Agreement.

      

      2.  Services: During the term of
this Agreement, Consultant's services may include, but will not necessarily be
limited to providing the following services on behalf of and for the benefit of
the Company:

      

      
        	 	
                A.

              	
                Analyze
      Company's needs with respect to public relations and/or investor
      relations and/or
      market relations.

              

      

       

      
        	 	
                B.

              	
                Oversee
      and facilitate, for the benefit of the Company, any and all Investor
      relations and/or
      public relations and/or market relations organizations which are engaged
      by the Company;

              

      

       

      
        	 	
                C.

              	
                Consult
      and assist the Company in developing and implementing appropriate plans
      and means
      for presenting the Company and its business plans, strategy and personnel
      to the financial
      community.

              

      

       

      
        	 	
                D.

              	
                Assist
      and advise the company with respect to its relations with brokers,
      dealers, analysts,
      and other investment
professionals.

              

      

       

      
        	 	
                E.

              	
                Otherwise
      perform as the Company's consultant for public relations and/or
      investor relations
      and/or market relations.

              

      

       

      
        	 	
                F.

              	
                Assist
      and advise the company in introduction to various market makers,
      investment banking
      and small cap firms.

              

      

       

      
        
          	 	
                  G.

                	
                  Assist
      and advise the company in the process of potentially moving from the Pink
      Sheets to the OTCBB.

                

        

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      3.  Allocation of Time and
Energies: The Consultant hereby promises to perform and discharge
faithfully the responsibilities, which may be assigned to the Consultant from
time to time by the officers and duly authorized representatives of the Company
under this Agreement. Consultant and staff shall diligently and thoroughly
provide the consulting services required hereunder. Although no specific
hours-per-day requirement will be required, Consultant and the Company agree
that Consultant will perform the duties set forth herein above in a diligent and
professional manner.

      

      4.   Remuneration: As full and
complete compensation for services described in this Agreement, the Company
shall compensate Consultant as follows:

      

      
        	
              	
                4.1

              	
                (A)
      For undertaking this engagement and for other good and valuable
      consideration, the
      Company
      agrees to cause to be delivered to the Consultant (in lieu of a cash
      payment of $64000.00 US) 3,200,000 shares of the Company's Common Stock
      (the “Shares”, and sometimes referred to as the “Commencement Bonus”) with
      Piggy Back registration rights. The Company understands and agrees that
      Consultant has foregone significant opportunities to accept this
      engagement. The Shares issued as a Commencement Bonus, therefore,
      constitute payment
      for Consultant's agreement to consult to the Company and are a
      nonrefundable, non-apportion
      able, and non-ratable retainer; such shares of common stock are not
      a prepayment
      for future services.

              

      

      

      (B) If
the Company decides to terminate this Agreement after entered into for any
reason

      whatsoever,
it is agreed and understood that Consultant will not be requested or demanded by
the Company to return any of the Shares paid to it as Commencement Bonus nor any
of the Warrants that have vested prior to any such termination. Further, if and
in the event the Company is acquired in whole or in part, during the term of
this Agreement, it is agreed and understood Consultant will not be requested or
demanded by the Company to return any of the Shares or vested Warrants paid to
it hereunder. It is further agreed that if at any time during the term of this
agreement, the Company or substantially all of the Company's assets are merged
with or acquired by another entity, or some other change occurs in the legal
entity that constitutes the Company, the Consultant shall retain and will not be
requested by the Company to return any of the Shares or vested
Warrants.

      

      
        
          	
                	
                  4.2

                	
                  The
      Company hereby covenants with Consultant that when issued, the Shares and
      the Warrants shall be validly issued, fully paid and non-assessable, and
      fully authorized by the board of Directors of the
  Company.

                

        

      

      

      5.    No Delegation of Services:
Consultant's services under this contract are unique offered to Company and may
not be assigned by the Company except to an entity with which Company merges or
which acquires the Company or substantially all of its assets, subject, however,
to the condition that the successor entity expressly assumes all of the Company
obligations under this Agreement prior or simultaneous to any such capital
transaction

      

      6.  Indemnification: The Company
warrants and represents that all oral communications, written documents or
materials furnished to Consultant by the Company with respect to financial
affairs, operations, profitability and strategic planning of the Company are
accurate and Consultant may rely upon the accuracy thereof without independent
investigation. The Company will protect, indemnity and hold harmless Consultant
(including its officers, directors, employees and agents) against any claims or
litigation including any damages, liability, cost and reasonable attorney's fees
as incurred with respect thereto resulting from Consultants communication or
dissemination of any said information, documents or materials. Company further
agrees to protect, indemnity and hold harmless Consultant (including its
officers, directors, employees and agents) against any claims or litigation
including any damages, liability, cost and reasonable attorney's fees as
incurred with respect thereto resulting from any and all breaches by Company
and/or Company's officers, directors, employees, agents, and any and all market
relations, public relations and investor relations organizations introduced to
Company by Consultant and subsequently engaged by Company, including
misrepresentations and/or omission of fact and from any and all violations of
applicable laws and regulations.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      7. Representations: Consultant
represents that it is not required to maintain any licenses and registrations
under federal or any state regulations necessary to perform the services set
forth herein. Consultant further acknowledges that it is not a securities Broker
Dealer or a registered investment advisor and is not and will not perform any
tasks, which require Consultant to be licensed as such. Company acknowledges
that, to the best of its knowledge, that it has not violated any rule or
provision of any regulatory agency having jurisdiction over the Company. Company
acknowledges that, to the best of its knowledge, Company is not the subject of
any investigation, claim, decree or judgment involving any violation of the SEC
or securities laws. Both Company and Consultant acknowledge that Company is
under no obligation to follow and/or act in accordance with the recommendations
made by Consultant in connection with this Agreement. Company represents that
its decision to not act in accordance with Consultant's recommendations in no
way effects Company's obligations as set forth in Section 4 et. seq.
hereinabove. Company acknowledges that it remains responsible to perform any and
all additional due diligence it deems necessary and appropriate respecting the
investor relations, market relations and public relations organizations
introduced to it by Consultant. Company further represents and acknowledges that
Consultant is not responsible and not liable for the actions taken by those
investor relations, market relations and public relations organizations that are
introduced to it by Consultant and subsequently engaged by Company.

      

      8.  Termination: This Agreement
may be terminated by Consultant during the Term hereof by notice to the Company
in the event that the Company shall have provided materially inaccurate or
misleading information, of any type or nature, to the Consultant, or failed or
been unable to comply in any material respect with any of the terms, conditions
or provisions of this       Agreement on the
part of the Company to be performed, complied with or fulfilled within the
respective times, if any, herein provided for, unless compliance therewith or
the performance or satisfaction thereof shall have been expressly waived by
Consultant in writing. Any termination of this Agreement pursuant to this
Section 8 shall be without liability of any character (including, but not
limited to, loss of anticipated profits or consequential damages) on the part of
the Company, except that the Company shall remain obligated to pay the fees,
other compensation and costs otherwise to be paid, as set forth in Sections 4
and 5 hereof.

      

      9.  Legal Representation: The
Company acknowledges that independent legal counsel in the preparation of this
Agreement has represented it. Consultant represents that it has consulted with
independent legal counsel and/or tax, financial and business advisors, to the
extent the Consultant deemed necessary.

      

      10. Status as Independent
Contractor: Consultant's engagement pursuant to this Agreement shall be
as independent contractor, and not as an employee, officer or other agent of the
Company. Neither party to this Agreement shall represent or hold itself out to
be the employer or employee of the other. Consultant further acknowledges the
consideration provided hereinabove is a gross amount of consideration and that
the Company will not withhold from such consideration any amounts as to income
taxes, social security payments or any other payroll taxes. All such income
taxes and other such payment shall be made or provided for by Consultant and the
Company shall have no responsibility or duties regarding such matters. Neither
the Company nor the Consultant possesses the authority to bind each other in any
agreements without the express written consent of the entity to be
bound.

      

      11. Waiver: The waiver by either
party of a breach of any provision of this Agreement by the other party shall
not operate or be construed as a waiver of any subsequent breach by such other
party.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      12. Notices: Any notices or other
communications required or permitted hereunder shall be sufficiently given if
personally delivered, or sent by express mail or telegram, or transmitted by fax
or e-mail, addressed as set forth herein below.

      

      If to
Consultant: Europus Capital Investments, Inc

      

      If to the
Company: Megola, Inc.

      

      13.   Confidentially: This entire
Agreement, including the terms of this Agreement, shall remain confidential in
its entirety and will not be disclosed to anyone without first receiving written
consent to do so. This is a material part of this Agreement.

      

      14.   Complete Agreement: This
Agreement contains the entire agreement of the parties relating to the subject
matter hereof. This Agreement and its terms may not be changed orally but only
by an agreement in writing signed by the party against whom enforcement of any
waiver, change, modification, extension or discharge is sought. In the event
that any particular provision or provisions of this Agreement shall for any
reason hereafter be determined to be unenforceable, or in violation of any law,
governmental order or regulation, such unenforceability or violation
shall

      not
affect the remaining provisions of this Agreement, which shall continue in full
force and be binding upon the respective parties hereto. The language of this
Agreement shall be construed as

      a whole,
according to its fair meaning and intent, and not strictly for or against either
party

      hereto,
regardless of who drafted or was principally responsible for drafting the
Agreement or the terms or conditions hereof

      

      
        
          	AGREED
      TO:	 	 	 	 
	 	 	 	 	 
	Eurpous
      Capital Investments, Inc	 	 	Megola,
      Inc.	 
	 	 	 	 	 
	Date:
      August 5, 2009	 	 	Date:
      August 5, 2009	 
	 	 	 	 	 
	
                  By:
      _____________________

                	 	 	
                  By:
      _____________________

                	 
	
                  Peter
      Lindhout

                	 	 	
                  Joel
      Gardner

                	 
	
                  Managing
      Member

                	 	 	
                  PresidentManagement
Services Agreement

    

    This Management Services Agreement (the
“Agreement”) is entered into effective the 1st day of
August 2009 (the “Effective Date”), by and between White Mountain Titanium
Corporation, a Nevada corporation (“WMTC”), and Chapelle Capital Corp., a
corporation created under the laws of British Columbia, Canada (the “Service
Provider”).

    

    RECITALS:

    

    A.           WMTC,
through its wholly owned Chilean subsidiary, owns a rutile mineral property
known as the Cerro Blanco project located in Region III of Chile and is or
proposes to carry on mining operations on the project.

    

    B.          
 WMTC had previously entered into a management service agreement dated
February 6, 2006, as subsequently amended (the “Original Agreement”), with Trio
International Capital Corp. (“Trio”) and its wholly owned subsidiary, Pacific
Venture Management Ltd. (“PVM” and collectively the “Original Service
Provider”).

    

    C.           
Brian Flower, President of Trio and PVM, was the named service provider to WMTC
under the Original Agreement and is also a director of WMTC and its
subsidiaries.

    

    D.           
WMTC received notice that the Trio shareholders had agreed to commence a company
wind-up effective April 1, 2009.

    

    E.           
WMTC, wishing to continue the services of Brian Flower under a successor
management services agreement with duties and compensation unchanged from the
Original Agreement, and in order to assure the smooth and orderly transition of
management services, gave notice to the Original Service Provider on April 1,
2009, that the Original Service Agreement would be terminated on July 31,
2009.

    

    G.           
WMTC proposes now to engage the Service Provider, an entity owned and controlled
by Mr. Flower, under the terms of this Agreement to provide the continued
services of Mr. Flower.

    

    NOW, THEREFORE, in consideration of the
mutual terms and conditions set forth herein, and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the
parties hereto agree as follows:

    

    1.           Services and
Duties.

    

    a.           Management and
Administrative Services.  Service Provider shall provide
approximately 80% of one man person’s available time to WMTC-related issues,
including, but not limited to, the following:

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
               
      

            	
              ·

            	
              Assistance
      with replacing the OTC quotation and with a senior exchange listing,
      utilizing accounting, legal and investor relations support whose fees
      shall be billed directly to the
company;

            

    

    

    
      	
               
      

            	
              ·

            	
              Provision
      and co-ordination of a WMTC office in Vancouver intended to give WMTC a
      strong regional administrative base in North America to support the
      corporate head office in Chile;

            

    

    

    
      	
               
      

            	
              ·

            	
              Assistance
      with WMTC’s treasury and finance, operating budget, accounting and
      corporate administration functions, regulatory compliance functions, news
      releases and investor relations functions and broker, shareholder and
      lender liaison;

            

    

    

    
      	
               
      

            	
              ·

            	
              Assistance
      with setting the scope of work, reviewing and monitoring exploration
      programs, engineering studies and a final feasibility study as WMTC
      advances its Cerro Blanco titanium project from the current
      pre-feasibility to final feasibility stage, such assistance to include
      negotiating mine off-take marketing agreements and ocean transportation,
      securing value-adding technologies and arranging equity and debt funding
      for development of the project which may or may not involve negotiating
      strategic partnership agreements;
and

            

    

    

    
      	
               
      

            	
              ·

            	
              Services
      of Brian Flower as Executive Chairman of WMTC and a director and officer
      of WMTC subsidiaries, such services to include liaising with the WMTC
      audit and compensation committees, assisting the President and CEO with
      the delivery of investor presentations as well as the development and
      implementation of corporate strategy and
  policies.

            

    

    

    b.           Performance of
Duties.  All services provided by the Service Provider
hereunder shall be performed in a timely manner and in accordance with good and
standard professional practice.

    

    c.           Conflicts of
Interest.  During the term of this Agreement neither the
Service Provider nor any affiliate shall carry on or be engaged in or concerned
with or advise in the operating of any other business or enterprise which is in
conflict with their obligations under this Agreement or in competition with WMTC
or its subsidiary.

    

    2.           Compensation and
Reimbursable Expenses.

    

    a.           Monthly
Fee.  In consideration of the services provided by Service
Provider, WMTC shall pay to the Service Provider US$11,600 per month plus
reimbursable out of pocket expense - both being subject to Goods and Services
Tax in Canada (“GST”), with the monthly fee amount prorated for any partial
month of service.  Payments hereunder shall be made on or before the
fifteenth (15th) day of
the calendar month following the month in which such services were
provided.  In the event that the time commitment of the Service
Provider and Mr. Flower increases beyond 80%, the base compensation payable to
the Service Provider shall be increased proportionately, but not to exceed the
base compensation payable to Michael Kurtanjek, President of the
WMTC.  The amount of time devoted to the business of WMTC by the
Service Provider and Mr. Flower will be determined by the Compensation Committee
within ten business days following the end of each calendar quarter beginning
with the calendar quarter ending December 31, 2009, and the base compensation
will be adjusted accordingly for each such new calendar quarter.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    b.           Office Space and Support
Services Expense.  Service Provider will provide WMTC with the
use of an office and support services for which WMTC shall pay to the Service
Provider US$2,000 per month plus GST.  Office space and support
services expense payments hereunder shall be made on or before the fifteenth
(15th) day of
the calendar month following the month in which the space and such services were
provided.  Service Provider shall maintain such supporting information
and documentation as WMTC may reasonably request in accordance with company
policy and the requirements of WMTC’s accountants or government taxing
authorities.

    

    c.           Bonus
shares.  In December, 2007 the Company granted Brian Flower a
bonus of 200,000 shares every time a project milestone is achieved (the
remaining milestones being a positive piloting and final feasibility study) as
well as a bonus of 200,000 shares upon the Company listing on the American Stock
or other senior exchange.  WMTC shall expressly honor the obligation
to issue such shares upon reaching the future milestones notwithstanding the
fact that Mr. Flower shall furnish his services pursuant to this Agreement
rather than under the prior Original Agreement.

    

    3.           Term and
Renewal.  The term of this Agreement shall commence on the
Effective Date and shall be for a period of one year from the Effective Date,
unless it is terminated earlier as provided herein.  Beginning on that
date, and on each anniversary thereafter, unless it is terminated earlier as
provided herein or WMTC delivers written notice to the Service Provider of its
intention not to extend the Agreement at least one hundred twenty (120) days
before such anniversary date, the term of this Agreement shall automatically be
extended for one additional year.  The restrictive covenants in
Section 6 hereof shall survive the termination of this Agreement.

    

    4.           Termination.

    

    a.           Termination Without
Cause.  Either WMTC or the Service Provider may terminate this
Agreement at any time without cause (as defined below), provided that it gives
written notice of termination to the other party at least one hundred twenty
(120) days before the date of such termination.

    

    b.           Termination For
Cause.  WMTC shall be entitled at any time, with or without
prior notice, to terminate this Agreement for cause, in which case no
compensation or other fees (other than such fees that have already been earned
by Service Provider) shall be payable to the Service Provider after such
termination.  “Cause” means the Service Provider or its principals’,
affiliates, agents’, employees’ or representatives’ (i) gross negligence in the
performance or non-performance of any material duties to WMTC; (ii) commission
of any material criminal act or fraud or of any act that affects adversely the
reputation of WMTC; (iii) habitual neglect of Service Provider’s duties that are
required to be performed under this Agreement; (iv) dishonesty; or (v) gross
misconduct.  Such termination shall not prejudice any other remedy
under law or equity of WMTC and the failure of WMTC to terminate Service
Provider when cause exists shall not constitute the waiver of WMTC’s right to
terminate this Agreement at a later time.  Termination under this
paragraph shall be considered for cause for purposes of this
Agreement.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    5.           Termination upon
Change of Control.  In the event of termination upon a change
of control of WMTC, the following provisions shall apply:

    

    a.           “Termination
Upon Change of Control” means:

    

    (i)           any
termination of the engagement of the Service Provider by WMTC without cause
during the period commencing on or after the date that WMTC first publicly
announces a definitive agreement that would result in a Change of Control (as
defined below), even though still subject to approval by WMTC’s stockholders and
other conditions and contingencies; or

    

    (ii)          any
resignation by the Service Provider based on a diminution of responsibilities
where (1) such diminution of responsibilities occurs during the period
commencing on or after the date that WMTC first publicly announces a definitive
agreement that would result in a Change of Control (as defined below), even
though still subject to approval by WMTC’s stockholders and other conditions and
contingencies, and ending on the date which is twelve (12) months following the
Change of Control, and (2) such resignation occurs within one-hundred and twenty
(120) days following such diminution of responsibilities.

    

    b.           The
term “Termination Upon Change of Control” shall not include any other
termination, including a termination of the Service Provider (i) by WMTC for
cause; (ii) by WMTC as a result of the disability of a party; (iii) as a result
of the death of the party; or (iv) as a result of the voluntary termination of
the engagement by the party for reasons other than a diminution of
responsibilities.

    

    c.           “Change
of Control” means:

    

    (i)           any
“person” (as such term is used in Sections 13(d) and 14(d) of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”)), other than a trustee or
other fiduciary holding securities of WMTC under an employee benefit plan of
WMTC, becomes the “beneficial owner” (as defined in Rule 13d-3 promulgated under
the Exchange Act), directly or indirectly, of securities of WMTC representing
30% or more of (A) the outstanding shares of common stock of WMTC or (B) the
combined voting power of WMTC’s then-outstanding securities;

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    (ii)          WMTC
is party to a merger or consolidation, or series of related transactions, which
results in the voting securities of WMTC outstanding immediately prior thereto
failing to continue to represent (either by remaining outstanding or by being
converted into voting securities of the surviving or another entity) at least
fifty (50%) percent of the combined voting power of the voting securities of
WMTC or such surviving or other entity outstanding immediately after such merger
or consolidation;

    

    (iii)         the
sale or disposition of all or substantially all of WMTC’s assets (or
consummation of any transaction, or series of related transactions, having
similar effect);

    

    
      	
               
      

            	
              (iv)

            	
              there
      occurs a change in the composition of the Board of Directors of WMTC
      within a two-year period, as a result of which fewer than a majority of
      the directors are incumbent
directors;

            

    

    

    (v)          the
dissolution or liquidation of WMTC; or

    

    (vi)         any
transaction or series of related transactions that has the substantial effect of
any one or more of the foregoing.

    

    d.           In
the event of termination upon a Change of Control, the Service Provider shall
receive the following compensation:  (i) immediate payment of a
severance amount equal to three (3) times the highest annual base cash
compensation paid the Service Provider; (ii) the immediate vesting of any
outstanding unvested options, warrants, or other convertible instruments; (iii)
the pro rata amount of any bonuses for which the Service Provider is eligible;
(iv) the extension of the exercise period of any options, warrants, or other
convertible instrument for at least six months following such
termination.

    

    6.           Confidential
Information.  The Service Provider recognizes and acknowledges
that certain information, including, but not limited to, information pertaining
to the financial condition of WMTC, its systems, methods of doing business,
agreements with customers or suppliers, or other aspects of the business of WMTC
or which are sufficiently secret to derive economic value from not being
disclosed (hereinafter “Confidential Information”) may be made available or
otherwise come into the possession of the Service Provider or PVM by reason of
this engagement with WMTC.  Accordingly, the Service Provider agrees
that neither it nor its principals, affiliates, agents, employees, or
representatives will (either during or after the term of this engagement with
WMTC) disclose any Confidential Information to any person, firm, corporation,
association, or other entity for any reason or purpose whatsoever or make use to
their personal advantage or to the advantage of any third party, of any
Confidential Information, without the prior written consent of
WMTC.  The Service Provider shall, upon termination of this
engagement, return to WMTC, and shall cause its principals, affiliates, agents,
employees, and representatives to return to WMTC, all documents which reflect
Confidential Information (including copies thereof).  Notwithstanding
anything heretofore stated in this paragraph, the Service Provider’s obligations
under this Agreement shall not, after termination of Service Provider’s
engagement with WMTC, apply to information which has become generally available
to the public without any action or omission of the Service Provider (except
that any Confidential Information which is disclosed to any third party by an
employee or representative of WMTC who is authorized to make such disclosure
shall be deemed to remain confidential and protectable under this
provision).

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    7.           Independent
Contractor.  Service Provider agrees that in performing this
Agreement, the Service Provider is acting as an independent contractor and not
as an employee or agent of WMTC.  As an independent contractor, the
Service Provider shall not be eligible for any benefits which WMTC may provide
to its employees.  All persons, if any, hired by Service Provider to
perform this Agreement, including, but not limited to, Mr. Flower, shall be
employees of the Service Provider and shall not be construed as employees or
agents of WMTC in any respect.  The Service Provider shall be
responsible for all taxes, insurance and other costs and payments legally
required to be withheld or provided in connection with Service Provider’s
performance of this Agreement, including without limitation, all withholding
taxes, worker’s compensation insurance, and similar costs.

    

    8.           Miscellaneous
Provisions.

    

    a.           Notice.  All
notices required or permitted hereunder shall be in writing and shall be deemed
effective: (1) upon personal delivery; (2) when sent by facsimile at the number
set forth below; or (3) in the case of delivery by internationally recognized
overnight delivery service, when received, addressed as follows:

    

    If to
WMTC to:

    

    Augusto Leguia 100, Officina
812

    Las
Condes, Santiago

    Chile

    Attn:  Michael
P. Kurtanjek, President

    FAX:  (56 2)
657-1809

    

    With a
copy (which shall not constitute notice) to:

    

    Ronald N. Vance

    Attorney at Law

    1656 Reunion Avenue

    Suite 250

    Salt Lake City,
UT  84095

    FAX:  (801)
446-8803

    

    If to the
Service Provider, to:

    

    2620
Chesterfield Ave

    North
Vancouver, British Columbia

    Canada  V7N
3M2

    Attn:  Brian
Flower

    FAX:  (604)
980-8420

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    or to
such other address or addresses, or facsimile number or numbers, as either party
shall designate to the other in writing from time to time by like
notice.

    

    b.           Attorneys’
Fees.  If any legal action or other proceeding is brought for
the enforcement of this Agreement, or because of an alleged dispute, breach,
default, or misrepresentation in connection with any of the provisions of this
Agreement, the successful or prevailing party or parties will be entitled to
recover reasonable attorneys’ fees and other costs incurred in that action or
proceeding, in addition to any other relief to which it or they may be
entitled.

    

    c.           Additional
Remedies.  The Service Provider acknowledge and agree that, in
the event either such party shall violate any of the restrictions of Section 6
hereof, WMTC will be without adequate remedy at law and will therefor be
entitled to enforce such restrictions by temporary or permanent injunctive or
mandatory relief obtained in an action or may have at law or in equity, and the
Service Provider hereby consents to the jurisdiction of such court for such
purpose, provided that reasonable notice of any proceeding is given, it being
understood that such injunction shall be in addition to any remedy which WMTC
may have at law or otherwise.

    

    d.           Entire Agreement;
Modification; Waiver.  This Agreement constitutes the entire
agreement between or among the parties pertaining to the subject matter
contained in it and supersedes all prior and contemporaneous agreements,
representations, and understandings of the parties.  No supplement,
modification, or amendment of this Agreement will be binding unless executed in
writing by all the parties or the applicable parties to be bound by such
amendment.  No waiver of any of the provisions of this Agreement will
constitute a waiver of any other provision, whether or not similar, nor will any
waiver constitute a continuing waiver.  No waiver will be binding
unless executed in writing by the party making the waiver.

    

    e.           Survival of Covenants,
Etc.  All covenants, representations and warranties made herein
shall survive the making of this Agreement and shall continue in full force and
effect for a period of two years from the termination date of this Agreement, at
the end of which period no claim may be made with respect to any such covenant,
representation, or warranty unless such claim shall have been asserted in
writing to the indemnifying party during such period.

    

    f.     
      Assignment.  This
Agreement, as it relates to the engagement of Service Provider, is a personal
contract and the rights and interests of the Service Provider hereunder may not
be sold, transferred, assigned, pledged or hypothecated, without the prior
written consent of WMTC, which consent may be withheld for any
reason.  Notwithstanding the foregoing, the Service Provider may,
without the prior consent of WMTC, add PVM as additional service provider
hereunder at any time PVM becomes a wholly owned subsidiary of the Service
Provider, so long as PVM agrees to be bound by the terms of this Agreement as a
Service Provider, and thereafter the compensation payable pursuant to Section
2(a) hereof shall be paid to PVM.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    g.           Binding on
Successors.  This Agreement will be binding on, and will inure
to the benefit of, the parties to it and their respective heirs, legal
representatives, successors, and assigns.

    

    h.           Governing Law and
Venue.  This Agreement shall be governed by and construed in
accordance with the laws of the State of Utah, U.S.A., without reference to the
choice of law principals thereof.  The parties hereto irrevocably
submit to the jurisdiction of the Courts of the State of Utah, U.S.A., located
in Salt Lake County and the United States District Court of Utah in any action
arising out of or relating to this Agreement, and hereby irrevocably agree that
all claims in respect of such action may be heard and determined in such state
or federal court.  The parties hereto irrevocably waive, to the
fullest extent they may effectively do so, the defense of an inconvenient forum
to the maintenance of such action or proceeding.  The parties further
agree, to the extent permitted by law, that final and unappealable judgment
against any of them in any action or proceeding contemplated above shall be
conclusive and may be enforced in any other jurisdiction within or outside the
United States by suit on the judgment, a certified copy of which shall be
conclusive evidence of the fact and amount of such judgment.

    

    i.         
  Rights Are
Cumulative.  The rights and remedies granted to the parties
hereunder shall be in addition to and cumulative of any other rights or remedies
either may have under any document or documents executed in connection herewith
or available under applicable law.  No delay or failure on the part of
a party in the exercise of any power or right shall operate as a waiver thereof
nor as an acquiescence in any default nor shall any single or partial exercise
of any power or right preclude any other or further exercise thereof or the
exercise of any other power or right.

    

    j.       
    Severability.  If
any provision of this Agreement is held invalid or unenforceable by any court of
final jurisdiction, it is the intent of the parties that all other provisions of
this Agreement be construed to remain fully valid, enforceable, and binding on
the parties.

    

    k.           Drafting.  This
Agreement was drafted with the joint participation of the parties and/or their
legal counsel.  Any ambiguity contained in this Agreement shall not be
construed against any party as the draftsman, but this Agreement shall be
construed in accordance with its fair meaning.

    

    l.       
    Headings.  The
descriptive headings of the various paragraphs or parts of this Agreement are
for convenience only and shall not affect the meaning or construction of any of
the provisions hereof.

    

    m.          Number and
Gender.  Wherever from the context it appears appropriate, each
term stated in either the singular or the plural shall include the singular and
the plural, and pronouns stated in either the masculine, the feminine, or the
neuter gender shall include the masculine, feminine, and neuter.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    n.           Counterparts; Facsimile
Execution.  This Agreement may be executed in any number of
counterparts and all such counterparts taken together shall be deemed to
constitute one instrument.  Delivery of an executed counterpart of
this Agreement by facsimile or email shall be equally as effective as delivery
of a manually executed counterpart of this Agreement.  Any party
delivering an executed counterpart of this Agreement by facsimile or email also
shall deliver a manually executed counterpart of this Agreement, but the failure
to deliver a manually executed counterpart shall not affect the validity,
enforceability, or binding effect of this Agreement.

    

    o.           Full
Knowledge.  By their signatures, the parties acknowledge that
they have carefully read and fully understand the terms and conditions of this
Agreement, that each party has had the benefit of counsel, or has been advised
to obtain counsel, and that each party has freely agreed to be bound by the
terms and conditions of this Agreement.

    

    IN WITNESS WHEREOF, each of the parties
hereto has executed this Agreement the respective day and year set forth
below.

    

    
      
        
          	 
      	
                  White
      Mountain Titanium Corporation

                
	 
      	 
      	 
      
	
                  Date:  October
      20, 2009

                	
                  By 

                	
                  /s/ Michael P. Kurtanjek

                
	 
      	 
      	
                  Michael
      P. Kurtanjek, President

                
	 
      	 
      	 
      
	 
      	
                  Chapelle
      Capital Corp.

                
	 
      	 
      	 
      
	
                  Date:  October
      20, 2009

                	
                  By

                	
                  /s/ Brian Flower

                
	 
      	 
      	
                  Brian
      Flower, Principal

                

        

      

    

     

    
      
         

      

      
        9

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