Agreement for Legal Services (8K)
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AGREEMENT FOR LEGAL SERVICES
THIS AGREEMENT made this 20th day of June 2003, in Brea, California, by and
between Northwest Gold, Inc., hereinafter referred to as the "Client" or the
"Company" whose address is 590 West Central Avenue, Suite E, Brea, California
92821 and Ari L. Markow, Esq. Attorney at Law, 15760 Ventura Blvd., Suite 1020,
Encino, California 91436, hereinafter referred to as "Attorney."
SECTION I.
PURPOSE OF EMPLOYMENT
Client employs Attorney to represent Client as its attorney at law in the
matter of providing legal advice to Client with respect to general corporate
matters.
Attorney agrees to exert their best efforts toward achieving a satisfactory
result in these matters and to keep Client informed of all major developments.
Attorney shall take their instructions solely from Client. ATTORNEYS MAKE NO
GUARANTEES OF ANY KIND TO CLIENT CONCERNING THE RESULTS OF THE CLIENT MATTER
HEREIN.
SECTION II.
ATTORNEY'S FEES
Upon execution hereof, Client shall authorize the issuance of an aggregate
of 400,000 shares of the Company's common stock (the "Shares"), which Shares
shall be registered pursuant to the Securities Act of 1933, as amended, by the
filing of a registration statement on Form S-8. Attorney shall credit Clients'
account in the aggregate amount of $12,000 in consideration for the issuance and
registration of the Shares ($.03 per Share). Attorney shall bill Client for its
time at the rate of $300.00 per hour for general corporate work and $90.00 per
hour for all matters for paralegal services and shall credit Clients' account
for the same until such time as Clients' credit balance is reduced to $0.00.
Thereafter, Attorney shall invoice Client on an open account basis. However, in
the event the outstanding balance owed by Clients herein exceeds $2,500 at any
time, Attorneys may thereafter, in their sole discretion, require Client to
submit a minimum of $5,000, which shall be placed in Attorney's trust account
and drawn down by Attorneys after submission of an applicable invoice to Client.
Attorney may amend such rates by providing Client with thirty (30) days
notice of the same.
SECTION III.
COSTS OF MATTER/ACCRUAL OF INTEREST ON UNPAID BALANCES
Client shall not be required to pay Attorney for certain costs, including
but not limited to copying costs, postage costs, telephone costs, telefax costs
and internet research charges, but Client shall be required to pay such costs
incurred by Attorneys for any other matters undertaken by Attorneys on Clients'
behalf. In the event Attorneys pay any such costs, Client will reimburse
Attorneys on demand, if requested, or otherwise deduct the same from any credit
balances existing on Clients account. Once Client's credit balance is reduced to
$0.00, Client agrees to pay all balances due which are set forth in any
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