Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Terrace Ventures Inc. - Exhibit 10.1

MANAGEMENT CONSULTANT AGREEMENT

This Management Consultant Agreement (the "Agreement") is made
and entered into effective as of the 5th day of October, 2006 (the "Effective
Date"), between TERRACE VENTURES INC., a Nevada corporation, (the
"Company") and IAN BRODIE (the “Consultant”).

WHEREAS:

A. The Company is engaged in the business of mineral
exploration.

B. The Company desires to retain the Consultant to act as
Executive Vice President of the Company and to provide consultant services to
the Company on the terms and subject to the conditions of this Agreement.

C. The Consultant has agreed to act as Executive Vice President
of the Company and to provide consultant services to the Company on the terms
and subject to the conditions of this Agreement.

THIS AGREEMENT WITNESSES THAT in consideration of the
premises and mutual covenants contained in this Agreement and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties, intending to be legally bound hereby, agree as
follows:

1. DEFINITIONS

1.1 The following terms used in this Agreement shall have the
meaning specified below unless the context clearly indicates the contrary:

	 	(a) 	
      "Consultant Fee" shall mean the consultant fee
      payable to the Consultant at the rate set forth in Section 5.1;

	 	 	 
	 	(b) 	
      "Board" shall mean the Board of Directors of the
      Company;

	 	 	 
	 	(c) 	
      "Term" shall mean the term of this Agreement
      beginning on the Effective Date and ending on the close of business on the
      date of the termination of this Agreement.

2. ENGAGEMENT AS A CONSULTANT

2.1 The Company hereby engages the Consultant as a consultant
to provide the services of the Consultant in accordance with the terms and
conditions of this Agreement and the Consultant hereby accepts such
engagement.

3. TERM OF THIS AGREEMENT

3.1 The term of this Agreement shall become effective and begin
as of the Effective Date, and shall continue until the close of business on
October 5, 2007, unless this Agreement is earlier terminated in accordance with
the terms of this Agreement or extended by the Board of Directors of the
Company.

2

4. CONSULTANT SERVICES

4.1 The Consultant agrees to act as Executive Vice President of
the Company and to perform the following services and undertake the following
responsibilities and duties to the Company as consulting services (the
"Consulting Services"):

	 	(a) 	
      exercising general direction and supervision over the
      business affairs of the Company;

	 	 	 
	 	(b) 	
      providing overall direction to the management of the
      Company;

	 	 	 
	 	(c) 	
      reporting directly to board of directors of
    Company;

	 	 	 
	 	(d) 	
      performing such other duties and observing such
      instructions as may be reasonably assigned from time to time by or on
      behalf of the board of directors of the Company in the Consultant’s
      capacity as Executive Vice President, provided such duties are within the
      scope of the Company’s business and implementation of the Company’s
      business plan.

4.2 The Consultant shall devote such attention and energies to
the business affairs of the Company as may be reasonably necessary for the
discharge of his duties as Executive Vice President, provided, however, the
Consultant may engage in reasonable investment and other personal activities
that do not interfere with the Consultant's obligations hereunder. 

4.3 The Consultant will at all times be an independent
contractor and the Consultant will not be deemed to be an employee of the
Company.

5. CONSULTANT FEE

5.1 During the term of this Agreement, the Company shall pay
the Consultant a consultant fee in consideration of the provision of the
Consulting Services equal $10,000 US per month (the "Consultant Fee").

6. STOCK OPTIONS

6.1 The Consultant may be granted, subject to the approval of
the Company’s board of directors, incentive stock options to purchase shares of
the Company’s common stock in such amounts and at such times as the Board of
Directors of the Company, in their absolute discretion, may from time to time
determine.

7. REIMBURSEMENT OF EXPENSES

7.1 The Company will pay to the Consultant, in addition to the
Consultant Fee, the reasonable travel and promotional expenses and other
specific expenses incurred by the Consultant in provision of the Consulting
Services, provided the Consultant has obtained the prior written approval of the
Company. 

3

8. TERMINATION

8.1 The Company may terminate this Agreement: (i) at any time
on three months’ notice; or (ii) without notice upon the occurrence of any of
the following events of default (each an “Event of Default”):

	 	(a) 	
      the Consultant’s commission of an act of fraud, theft or
      embezzlement or other similar willful misconduct;

	 	 	 
	 	(b) 	
      the neglect or breach by the Consultant of his material
      obligations or agreements under this Agreement; or

	 	 	 
	 	(c) 	
      the Consultant’s refusal to follow lawful directives of
      the Board,

provided that notice of the Event of Default has been delivered
to the Consultant and provided the Consultant has failed to remedy the default
within thirty days of the date of delivery of notice of the Event of
Default.

8.2 The Consultant may terminate this Agreement at any time
upon thirty days’ notice.

8.3 On termination of this Agreement for any reason, all rights
and obligations of each party that are expressly stated to survive termination
or continue after termination will survive termination and continue in full
force and effect as contemplated in this Agreement.

9. PROPRIETARY INFORMATION AND DEVELOPMENTS

9.1 The Consultant will not at any time, whether during or
after the termination of this Agreement for any reason, reveal to any person or
entity any of the trade secrets or confidential information concerning the
organization, business or finances of the Company or of any third party which
the Company is under an obligation to keep confidential, except as may be
required in the ordinary course of performing the Consultant Services to the
Company, and the Consultant shall keep secret such trade secrets and
confidential information and shall not use or attempt to use any such secrets or
information in any manner which is designed to injure or cause loss to the
Company. Trade secrets or confidential information shall include, but not be
limited to, the Company's financial statements and projections, expansion
proposals, property acquisition opportunities and business relationships with
banks, lenders and other parties not otherwise publicly available.

10. RELIEF

10.1 The Consultant hereby expressly acknowledges that any
breach or threatened breach by the Consultant of any of the terms set forth in
Section 9 of this Agreement may result in significant and continuing injury to
the Company, the monetary value of which would be impossible to establish, and
any such breach or threatened breach will provide the Company with any and all
rights and remedies to which it may be entitled under the law, including but not
limited to injunctive relief or other equitable remedies.

11. PARTIES BENEFITED; ASSIGNMENTS

11.1 This Agreement shall be binding upon, and inure to the
benefit of, the Consultant, his heirs and his personal representative or
representatives, and upon the Company and its 

4

successors and assigns. Neither this Agreement nor any rights
or obligations hereunder may be assigned by the Consultant.

12. NOTICES

12.1 Any notice required or permitted by this Agreement shall
be in writing, sent by registered or certified mail, return receipt requested,
or by overnight courier, addressed to the Board and the Company at its then
principal office, or to the Consultant at the address set forth in the preamble,
as the case may be, or to such other address or addresses as any party hereto
may from time to time specify in writing for the purpose in a notice given to
the other parties in compliance with this Section 12. Notices shall be deemed
given when delivered.

13. GOVERNING LAW

13.1 This Agreement shall be governed by and construed in
accordance with the laws of the Sate of Nevada and each party hereto adjourns to
the jurisdiction of the courts of the State of Nevada. 

14. REPRESENTATIONS AND WARRANTIES

14.1 The Consultant represents and warrants to the Company that
(a) the Consultant is under no contractual or other restriction which is
inconsistent with the execution of this Agreement, the performance of his duties
hereunder or other rights of Company hereunder, and (b) the Consultant is under
no physical or mental disability that would hinder the performance of his duties
under this Agreement.

15. MISCELLANEOUS

15.1 This Agreement contains the entire agreement of the
parties relating to the subject matter hereof. 

15.2 This Agreement supersedes any prior written or oral
agreements or understandings between the parties relating to the subject matter
hereof.

15.3 No modification or amendment of this Agreement shall be
valid unless in writing and signed by or on behalf of the parties hereto.

15.4 A waiver of the breach of any term or condition of this
Agreement shall not be deemed to constitute a waiver of any subsequent breach of
the same or any other term or condition. 

15.5 This Agreement is intended to be performed in accordance
with, and only to the extent permitted by, all applicable laws, ordinances,
rules and regulations. If any provision of this Agreement, or the application
thereof to any person or circumstance, shall, for any reason and to any extent,
be held invalid or unenforceable, such invalidity and unenforceability shall not
affect the remaining provisions hereof and the application of such provisions to
other persons or circumstances, all of which shall be enforced to the greatest
extent permitted by law. 

15.6 The headings in this Agreement are inserted for
convenience of reference only and shall not be a part of or control or affect
the meaning of any provision hereof.

5

15.7 The Consultant acknowledges and agrees that O'Neill Law
Group PLLC has acted solely as legal counsel for the Company and that the
Consultant has been advised to obtain independent legal advice prior to
execution of this Agreement.

15.8 This Agreement may be executed in one or more
counter-parts, each of which so executed shall constitute an original and all of
which together shall constitute one and the same agreement.

IN WITNESS WHEREOF, the parties have duly executed and
delivered this Agreement as of the date first written above.

TERRACE VENTURES INC. 

  by its authorized signatory:

	/s/ Howard Thomson
    	 	  
	HOWARD THOMSON, PRESIDENT 	 	  
	  	 	  
	SIGNED, SEALED AND DELIVERED 	 	  
	BY IAN BRODIE	 	  
	in the presence of: 	 	  
	  	 	/s/ Ian Brodie
	 	 	 
	 	 	 
	Signature 	 	IAN BRODIE
	 	 	 
	 	 	 
	Name 	 	  
	 	 	 
	 	 	 
	AddressFiled by Automated Filing Services Inc. (604) 609-0244 - Terrace Ventures Inc. - Exhibit 10.2

MANAGEMENT CONSULTANT AGREEMENT

This Management Consultant Agreement (the "Agreement") is made
and entered into effective as of the 5th day of October, 2006 (the "Effective
Date"), between TERRACE VENTURES INC., a Nevada corporation, (the
"Company") and FRANK D. ANDERSON (the “Consultant”).

WHEREAS:

A. The Company is engaged in the business of mineral
exploration.

B. The Company desires to retain the Consultant to act as Vice
President of Finance of the Company and to provide consultant services to the
Company on the terms and subject to the conditions of this Agreement.

C. The Consultant has agreed to act as Vice President of
Finance of the Company and to provide consultant services to the Company on the
terms and subject to the conditions of this Agreement.

THIS AGREEMENT WITNESSES THAT in consideration of the
premises and mutual covenants contained in this Agreement and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties, intending to be legally bound hereby, agree as
follows:

1. DEFINITIONS

1.1 The following terms used in this Agreement shall have the
meaning specified below unless the context clearly indicates the contrary:

	 	(a) 	
      "Consultant Fee" shall mean the consultant fee
      payable to the Consultant at the rate set forth in Section 5.1;

	 	 	 
	 	(b) 	
      "Board" shall mean the Board of Directors of the
      Company;

	 	 	 
	 	(c) 	
      "Term" shall mean the term of this Agreement
      beginning on the Effective Date and ending on the close of business on the
      date of the termination of this Agreement.

2. ENGAGEMENT AS A CONSULTANT

2.1 The Company hereby engages the Consultant as a consultant
to provide the services of the Consultant in accordance with the terms and
conditions of this Agreement and the Consultant hereby accepts such
engagement.

3. TERM OF THIS AGREEMENT

3.1 The term of this Agreement shall become effective and begin
as of the Effective Date, and shall continue until the close of business on
October 5, 2007, unless this Agreement is earlier terminated in accordance with
the terms of this Agreement or extended by the Board of Directors of the
Company.

2

4. CONSULTANT SERVICES

4.1 The Consultant agrees to act as Vice President of Finance
of the Company and to perform the following services and undertake the following
responsibilities and duties to the Company as consulting services (the
"Consulting Services"):

	 	(a) 	
      exercising general direction and supervision over the
      financial affairs of the Company;

	 	 	 
	 	(b) 	
      assisting the Company in obtaining financing;

	 	 	 
	 	(c) 	
      reporting directly to board of directors of
    Company;

	 	 	 
	 	(d) 	
      performing such other duties and observing such
      instructions as may be reasonably assigned from time to time by or on
      behalf of the board of directors of the Company in the Consultant’s
      capacity as Vice President of Finance, provided such duties are within the
      scope of the Company’s business and implementation of the Company’s
      business plan.

4.2 The Consultant shall devote such attention and energies to
the business affairs of the Company as may be reasonably necessary for the
discharge of his duties as Vice President of Finance, provided, however, the
Consultant may engage in reasonable investment and other personal activities
that do not interfere with the Consultant's obligations hereunder. 

4.3 The Consultant will at all times be an independent
contractor and the Consultant will not be deemed to be an employee of the
Company.

5. CONSULTANT FEE

5.1 During the term of this Agreement, the Company shall pay
the Consultant a consultant fee in consideration of the provision of the
Consulting Services equal $10,000 US per month (the "Consultant Fee").

6. STOCK OPTIONS

6.1 The Consultant may be granted, subject to the approval of
the Company’s board of directors, incentive stock options to purchase shares of
the Company’s common stock in such amounts and at such times as the Board of
Directors of the Company, in their absolute discretion, may from time to time
determine.

7. REIMBURSEMENT OF EXPENSES

7.1 The Company will pay to the Consultant, in addition to the
Consultant Fee, the reasonable travel and promotional expenses and other
specific expenses incurred by the Consultant in provision of the Consulting
Services, provided the Consultant has obtained the prior written approval of the
Company. 

3

8. TERMINATION

8.1 The Company may terminate this Agreement: (i) at any time
on three months’ notice; or (ii) without notice upon the occurrence of any of
the following events of default (each an “Event of Default”):

	 	(a) 	
      the Consultant’s commission of an act of fraud, theft or
      embezzlement or other similar willful misconduct;

	 	 	 
	 	(b) 	
      the neglect or breach by the Consultant of his material
      obligations or agreements under this Agreement; or

	 	 	 
	 	(c) 	
      the Consultant’s refusal to follow lawful directives of
      the Board,

provided that notice of the Event of Default has been delivered
to the Consultant and provided the Consultant has failed to remedy the default
within thirty days of the date of delivery of notice of the Event of
Default.

8.2 The Consultant may terminate this Agreement at any time
upon thirty days’ notice.

8.3 On termination of this Agreement for any reason, all rights
and obligations of each party that are expressly stated to survive termination
or continue after termination will survive termination and continue in full
force and effect as contemplated in this Agreement.

9. PROPRIETARY INFORMATION AND DEVELOPMENTS

9.1 The Consultant will not at any time, whether during or
after the termination of this Agreement for any reason, reveal to any person or
entity any of the trade secrets or confidential information concerning the
organization, business or finances of the Company or of any third party which
the Company is under an obligation to keep confidential, except as may be
required in the ordinary course of performing the Consultant Services to the
Company, and the Consultant shall keep secret such trade secrets and
confidential information and shall not use or attempt to use any such secrets or
information in any manner which is designed to injure or cause loss to the
Company. Trade secrets or confidential information shall include, but not be
limited to, the Company's financial statements and projections, expansion
proposals, property acquisition opportunities and business relationships with
banks, lenders and other parties not otherwise publicly available.

10. RELIEF

10.1 The Consultant hereby expressly acknowledges that any
breach or threatened breach by the Consultant of any of the terms set forth in
Section 9 of this Agreement may result in significant and continuing injury to
the Company, the monetary value of which would be impossible to establish, and
any such breach or threatened breach will provide the Company with any and all
rights and remedies to which it may be entitled under the law, including but not
limited to injunctive relief or other equitable remedies.

11. PARTIES BENEFITED; ASSIGNMENTS

11.1 This Agreement shall be binding upon, and inure to the
benefit of, the Consultant, his heirs and his personal representative or
representatives, and upon the Company and its 

4

successors and assigns. Neither this Agreement nor any rights
or obligations hereunder may be assigned by the Consultant.

12. NOTICES

12.1 Any notice required or permitted by this Agreement shall
be in writing, sent by registered or certified mail, return receipt requested,
or by overnight courier, addressed to the Board and the Company at its then
principal office, or to the Consultant at the address set forth in the preamble,
as the case may be, or to such other address or addresses as any party hereto
may from time to time specify in writing for the purpose in a notice given to
the other parties in compliance with this Section 12. Notices shall be deemed
given when delivered.

13. GOVERNING LAW

13.1 This Agreement shall be governed by and construed in
accordance with the laws of the Sate of Nevada and each party hereto adjourns to
the jurisdiction of the courts of the State of Nevada. 

14. REPRESENTATIONS AND WARRANTIES

14.1 The Consultant represents and warrants to the Company that
(a) the Consultant is under no contractual or other restriction which is
inconsistent with the execution of this Agreement, the performance of his duties
hereunder or other rights of Company hereunder, and (b) the Consultant is under
no physical or mental disability that would hinder the performance of his duties
under this Agreement.

15. MISCELLANEOUS

15.1 This Agreement contains the entire agreement of the
parties relating to the subject matter hereof. 

15.2 This Agreement supersedes any prior written or oral
agreements or understandings between the parties relating to the subject matter
hereof.

15.3 No modification or amendment of this Agreement shall be
valid unless in writing and signed by or on behalf of the parties hereto.

15.4 A waiver of the breach of any term or condition of this
Agreement shall not be deemed to constitute a waiver of any subsequent breach of
the same or any other term or condition. 

15.5 This Agreement is intended to be performed in accordance
with, and only to the extent permitted by, all applicable laws, ordinances,
rules and regulations. If any provision of this Agreement, or the application
thereof to any person or circumstance, shall, for any reason and to any extent,
be held invalid or unenforceable, such invalidity and unenforceability shall not
affect the remaining provisions hereof and the application of such provisions to
other persons or circumstances, all of which shall be enforced to the greatest
extent permitted by law. 

15.6 The headings in this Agreement are inserted for
convenience of reference only and shall not be a part of or control or affect
the meaning of any provision hereof.

5

15.7 The Consultant acknowledges and agrees that O'Neill Law
Group PLLC has acted solely as legal counsel for the Company and that the
Consultant has been advised to obtain independent legal advice prior to
execution of this Agreement.

15.8 This Agreement may be executed in one or more
counter-parts, each of which so executed shall constitute an original and all of
which together shall constitute one and the same agreement.

IN WITNESS WHEREOF, the parties have duly executed and
delivered this Agreement as of the date first written above.

TERRACE VENTURES INC. 
by its authorized
signatory:

	/s/ Howard
      Thomson 	 	  
	HOWARD THOMSON, PRESIDENT 	 	  
	  	 	  
	SIGNED, SEALED AND DELIVERED 	 	  
	BY FRANK D. ANDERSON 	 	  
	in the presence of: 	 	  
	  	 	/s/ Frank D. Anderson 
	 	 	 
	 	 	 
	Signature 	 	FRANK D. ANDERSON 
	 	 	 
	 	 	 
	Name 	 	  
	 	 	 
	 	 	 
	Address

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00111-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00111-of-00352.parquet"}]]