Compensation Letter Agreement between Mascot Ventures Inc. and Wendy Wildmen (President)

Summary

Mascot Ventures Inc. agrees to pay Wendy Wildmen $1,000 per month for two years for her service as non-employee President, with duties assigned by the Board. However, Wildmen will assign her right to receive this compensation back to the company until Mascot Ventures secures at least $100,000 in equity or debt financing. The agreement cannot be assigned to others without written consent from both parties.

EX-10.1 2 mascot_ex101.htm LETTER AGREEMENT mascot_ex101.htm

Exhibit 10.1

Mascot Ventures Inc.

1802 North Carson Street, Suite 108

Carson City, Nevada 89701

November 19, 2011

Wendy Wildmen

President

Mascot Ventures Inc.

1802 North Carson Street, Suite 108

Carson City, Nevada 89701

This letter agreement, dated November 19, 2011, memorializes the terms and conditions of an agreement of compensation by and between Wendy Wildmen (“Wildmen”) and Mascot Ventures Inc., a Nevada corporation (the “Company”).

1. Compensation. The Company agrees to pay Wildmen, for a term of two (2) years, $1,000 per month, on the last day of each month, as consideration for Wildmen serving and performing his duties as a non-employee President of the Company. Wildmen shall have such executive responsibilities and duties as are assigned by the Board of Directors of the Company and are consistent with the position of President. Wildmen shall assign her right to such compensation of $1,000 per month to the Company, until such time as the Company closes on an equity or debt financing of not less than $100,000.

2. Assignment. This letter agreement may not be assigned unless the Company and Wildmen consent in writing to such assignment.

Very truly yours,

	MASCOT VENTURES, INC.

	By:	/s/ Clive Hope
		Name: Clive Hope
		Title: Secretary

Agreed and Accepted this 19th day of November, 2011:

By:	/s/ Wendy Wildmen
	Name: Wendy Wildmen (individually)