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Exhibit 10.1
CONTRACT FOR SERVICES
THIS AGREEMENT made
this 1st day
of
October , 2006.
BETWEEN:
Scout Exploration,
Inc., a company duly incorporated under the laws of the
State of Nevada, and having its registered office at 3550 Quesnel
Drive, V6L 2W6;
(hereinafter called the “ Company ”)
OF THE FIRST PART
AND:
BUA GROUP HOLDINGS LTD. , of 609-475 Howe
Street, in the City of Vancouver, in the Province of British
Columbia, V6C 2B3;
(hereinafter called the “ Administrator ”)
OF
THE SECOND PART
WHEREAS:
A. The
Administrator represents that the principals of the Administrator,
Jason Walsh and Ralf Hillebrand, are experienced in the business of
administrating the affairs of companies and businesses.
B. The
Company desires to engage the services of the Administrator for the
purposes of administrating the affairs of the Company.
C. The
effective date of this Agreement shall be the 1st day of the June,
2006 (the “Effective Date”).
NOW
THEREFORE THIS AGREEMENT WITNESSETH that in
consideration of the premises and mutual covenants and agreements
hereinafter contained, the parties hereto agree as follows:
1. The
Company hereby appoints the Administrator to be the manager
of the Company’s daily affairs, including managing the
Company’s office.
2. The
Administrator, as manager for the Company, shall:
(a)
cause the Company to punctually pay all proper
bills and accounts for supplies, materials, services and wages
presented to the Company, with the Company’s funds when
available in the Company’s treasury; the Administrator will
be reimbursed for all bills and accounts and out-of-pocket expenses
paid or incurred on behalf of the Company (the
“Administrator’s Expenses”);
(b)
cause the Company to keep proper books
of accounts and records showing the Company’s income
and expenditures;
(c)
cause the Company to keep records of the
Company’s assets and business interest and all subsequently
acquired projects and properties, and ensure that these
aforementioned assets are kept in good standing through the due
payment of all taxes, rents and assessments imposed or levied upon
same with funds provided by the Company; and
(d)
provide such other managerial assistance as
the Compa
