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Exhibit 10.36

 

INDEPENDENT CONTRACTOR AGREEMENT

FOR

CONSULTING MANAGEMENT SERVICES

 

 

THIS INDEPENDENT CONTRACTOR AGREEMENT (“Agreement”) is entered into as of the 1st day of January, 2009 (the “Effective Date”) by and between Goldrich Mining Company (“GRMC”), with its principal place of business located in Spokane, Washington, and Sharp Executive Associates, Inc and its owner, Ted R. Sharp (“Consultant”), Nampa, Idaho.

WHEREAS, GRMC and Consultant recognize that Consultant will provide certain services for GRMC as a consultant including but not limited to executive management functions and financial management functions; and

WHEREAS, GRMC and Consultant desire to enter into this Agreement setting forth the terms and conditions of the business relationship,

NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the sufficiency of such consideration is expressly acknowledged by the parties, GRMC and Consultant hereby agree as follows:  

1.

Services .  Consultant shall be the Chief Financial Officer, Secretary, and Treasurer of GRMC, as of January 1, 2007, and shall perform the duties and responsibilities of those positions.  In addition, the Consultant shall provide such other executive management functions and financial management functions as may be requested by GRMC and acceptable to the Consultant.  Where appropriate, and consistent with prior practice, Consultant may assign certain tasks, such as traditional accounting, payroll, accounts payable and other services to the staff of Sharp Executive Associates who have applicable skills and experience to perform those tasks at costs lower than those associated with Consultant. For purposes of this Agreement, the duties and responsibilities of the Chief Financial Officer, Secretary and Treasurer and such additional services as are requested by GRMC and accepted by the Consultant shall be referred to as the "Services".

2.

Term.  The term of this Agreement is for a period commencing January 1, 2009 and ending December 31, 2009.  This Agreement may be terminated at anytime by either party upon receipt of reasonable notice.  Reasonable notice is defined as a written notice received by the other party not less than fifteen (15) days prior to the termination date.  The parties to this Agreement reserve the right to cancel this Agreement at any time by mutual agreement.

3.

Compensation .  

3.1.

Consulting Fee.  As consideration for performance of the Services, GRMC will pay Consultant and his staff at hourly rates according to the following table:

*   Chief Financial Officer

$   125

*   Controller

$     85

*   Accountant

$     50

*   Clerical                                       

$     16

 

 

1

 


Monthly invoices will be limited to $9,075, with any unbilled amounts being carried over to following months and invoiced only to the extent that fees for such following month fall below $9,075, the amount of the monthly invoicing for 2008.  It is anticipated that once the annual audit and SEC filing activities are complete during the beginning months of 2009, t


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