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:
|
|
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*
Chief Financial Officer
|
$ 125
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*
Controller
|
$ 85
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*
Accountant
|
$ 50
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*
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,
that monthly effort will be significantly lower than 2008, unless
GRMC is successful in a funding that will increase transaction
volume.
3.2.
Payment . The consulting fee payable to Consultant is
payable by GRMC within fifteen (15) days of receipt of an
invoice for Services from the Consultant.
3.3.
Expenses . GRMC will reimburse the Consultant for all his
reasonable expenses incurred in the course of performing his duties
with the exception of those expenses involved in commuting to and
from his home and principal business office in Nampa, Idaho and
Spokane, Washington, including his living expenses while in
Spokane. Also excepted are any rental or usage fees for the
Consultant’s business office in Nampa, Idaho, and for use of
the office equipment therein. Consultant’s applicable
telecommunications and office consumables are reimbursable
expenses. Individual expense greater than $1,000 are subject to
prior approval of the President. Advances up to $5,000 per month
may be provided to Consultant at the discretion of the President.
Consultant will provide a monthly expense accounting on a timely
basis and on a form to be provided by GRMC. All Consultant’s
monthly expense accounts are subject to acceptance approvals the
President. Receipts or other proofs of expenditures exceeding $50
made on behalf of GRMC are required to be submitted with
Consultant’s monthly expense accounts. GRMC reserves the
right to withhold reimbursement of those expense items over $50
that are not receipted. Items of expense less than $50 are to be
receipted in-so-far as reasonably possible. GRMC will reimburse
Consultant for the amount of each of his monthly expense account
reports less any outstanding expense advance balance within fifteen
(15) days of receiving his expense report.
3.4.
Additional Terms Regarding
Compensatio n. Pursuant to this Agreement: (i) Consultant
will be required to submit an invoice for payment for Services;
(ii) GRM