Letter of Intent Between Gold Lakes Corp. and Edwin Morrow for Advisory and Consulting Services
Gold Lakes Corp. and Edwin Morrow have agreed that Mr. Morrow will serve as an advisory committee member and consultant overseeing exploration activities, starting November 1, 2015. Mr. Morrow will recommend work programs and assist with news releases. In return, Gold Lakes will pay a previous account payable of about $12,000 over 12 months, honor 100,000 previously issued restricted shares, issue an additional 100,000 restricted shares, and pay a $1,500 monthly retainer for at least three months. A formal agreement will follow.
EXHIBIT 10.3
Letter, of Intent – Formal Agreement to Follow between Edwin Morrow and Gold Lakes Corp.
To Whom it may Concern
| - | Gold Lakes would announce Mr. Edwin Morrow as an advisory committee member and as Consultant for supervising Exploration Activity effective November 1st 2015. This will involve initially, the following: |
| - | Recommendation for a work program in line with the schedule of payments. |
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| - | Assist in putting together news releases and other required documents. |
In return:
| - | Gold Lakes honors Morrow's previous Siga account payable of approx $12,000 to be paid paid over 12 months upon presentation of appropriate invoices. |
| - | Gold Lakes honors previous 100,000 restricted Siga shares issued post split and name change to Gold Lakes. |
| - | Gold Lakes will issue Mr. Morrow an additional 100,000 restricted shares post split, for atotal of 200,000 shares |
Mr. Morrow will receive a retainer of $1,500 a month (payable monthly in advance) for a minimum of three months under an Advisory and Consultancy agreement for work programs as Gold Lakes Corp's Advisory Committee Member and Consultant for Exploration
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Edwin Morrow |
| Christopher Vallos |
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| GoldLakes Corp |
