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MANAGEMENT SERVICES AGREEMENT
THIS AGREEMENT dated effective as of the 1st day of October, 2000
BETWEEN: SCOTT HOUGHTON, of 202 - 1201 West Pender Street,
Vancouver, BC, Canada, V6E 2V2
(hereinafter called "Houghton")
OF THE FIRST PART
AND: COYOTE VENTURES CORP., a company
incorporated under the laws of the
State of Nevada
(hereinafter called "Coyote")
OF THE SECOND PART
WHEREAS Houghton has business and management expertise and
maintains an office with administration services, including
telephone and computer services;
AND WHEREAS Coyote requires management services, office
administration services, including telephone and computer services,
and wishes Houghton to provide same to Coyote;
NOW THEREFORE THE PARTIES HAVE AGREED and do hereby agree as
follows:
1. Houghton hereby agrees to provide his services as President of
Coyote to carry out management and direction of the business
of the Company (the "Management Services").
2. Houghton hereby agrees to provide office administration
services, including telephone and computer services, to Coyote
(the "Administrative Services").
3. In consideration of Houghton providing all the Management
Services and the Administrative Services to Coyote, Coyote
agrees to pay to Houghton a consulting fee in the amount of
$1,000.00 U.S. per month payable on the 1st day of each month
(the "Consulting Fee").
4. In addition to the payment of the Consulting Fee, Coyote
agrees to reimburse Houghton for any expenses directly
attributable to performing its obligations to Coyote pursuant
to this Agreement.
5. It is agreed that the Management Services to be provided by
Houghton to Coyote will account for approximately 15% of
Houghton's business time. The Consulting Fee will be
increased in the event that Houghton is required to spend more
than 15% of his business time in
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providing the Management Services to an amount equal to fair
market value of Houghton's services.
6. This Agreement shall be for a term of one year commencing
October 1, 2000 and ending September 30, 2001.
7. No amendment or termination of this Agreement shall be valid
unless it is in writing and executed by both parties.
8. Time shall be of the essence of this Agreement.
IN WITNESS WHEREOF the parties hereto have executed this Agreement
as of the day and year first above written.
SIGNED SEALED AND DELIVERED
by SCOTT HOUGHTON in the presence of
/s/ A. O'Neill
_________________________________
Signature of Witness
A. O'Neill /s/ Scott Houghton
_________________________________ _____________________________
Name of Witness SCOTT HOUGHTON
1880 - 1055 W. Georgia St., Van., B.C.
_________________________________
Address of Witness
COYOTE VENTURES CORP.
by its authorized signatory
/s/ J. Galat
_________________________________
Signature of Authorized Signatory
J. GALAT - DIRECTOR
_________________________________
Name of Authorized Signatory
