Amendment No. 2 to Consulting Agreement between Newmont Capital Limited and Seymour Schulich

Contract Categories: Human Resources › Consulting Agreements
Summary

This amendment updates the consulting agreement between Newmont Capital Limited and Seymour Schulich, effective April 27, 2005. It specifies that Mr. Schulich, serving as Chairman of Newmont's Board of Directors, will receive $50,000 per year, paid quarterly, for each year he serves in this role. The amendment replaces a previous recital in the original agreement to reflect this compensation arrangement.

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EX-10.5 6 dex105.htm AMENDMENT NO. 2 TO CONSULTING AGREEMENT EFFECTIVE 7/28/05 Amendment No. 2 to Consulting Agreement effective 7/28/05

Exhibit 10.5

 

AMENDMENT NO. 2 TO CONSULTING AGREEMENT

 

This Amendment No. 2 to Consulting Agreement (this “Amendment”) is made effective as of April 27, 2005 (the “Effective Date”), by and between Newmont Capital Limited (“Newmont”) and Seymour Schulich (“Contractor”).

 

Recitals

 

A. Newmont and Contractor have entered into that certain Consulting Agreement having an effective date of April 1, 2002 (the “Agreement”).

 

B. Newmont and Contractor desire to amend certain terms and conditions contained in the Agreement.

 

Agreement

 

The Agreement is amended as follows:

 

Recital A is deleted in its entirety and replaced with the following:

 

A. Contractor currently serves on the Board of Directors of Newmont, in the position as Chairman of the Board (“Chairman”). In consideration of such service, Newmont will pay Contractor US$50,000 per year, paid quarterly, for each year that he serves as Chairman.

 

This Amendment is executed as of this 28 day of July, 2005, intended to be effective as of the Effective Date.

 

NEWMONT CAPITAL LIMITED

        

By:

  

/s/ Sharon E. Thomas

          

/s/ Seymour Schulich

Name:

  

Sharon E. Thomas

          

Seymour Schulich

Title:

  

Vice President and Assistant Secretary