RDIAF » Topics » MANAGEMENT CONTRACTS

This excerpt taken from the RDIAF 6-K filed Oct 14, 2009.

MANAGEMENT CONTRACTS

See heading “Executive Compensation” for disclosure on management services provided to the Company by HDSI.

Management services are provided to the Company by HDSI pursuant to a corporate services agreement dated for reference November 28, 2008. HDSI is a private company owned equally by several publicly traded mining companies (one of which is the Company) and is managed by persons, some of whom are also directors of the Company. No director or senior officer, and no associate or affiliate of the foregoing persons, and no insider has or has had any material interest, direct or indirect, in any other transactions, or in any other proposed transaction, which in either such case has materially affected or will materially affect the Company or its predecessors for the year ended February 28, 2009.

The amounts billed by HDSI for its services rendered to the Company and which amounts constitute primarily reimbursement of third party billings were $1,280,316 for the year ended February 28, 2009; (For the nine months ended February 29, 2008 - $863,861).

Except for HDSI, there are no management functions of the Company which are to any substantial degree performed by a person or company other than the directors of senior officers of the Company.

This excerpt taken from the RDIAF 6-K filed Aug 20, 2008.

Management Contracts

Management services are provided to the Company by HDSI pursuant to a geological, corporate development, administrative and management services agreement dated for reference December 31, 1996. HDSI is a private company owned equally by nine publicly traded exploration companies (one of which is the Company) and is managed by persons, the majority of whom are also directors of the Company. No director or senior officer, and no associate or affiliate of the foregoing persons, and no insider has or has had any material interest, direct or indirect, in any other transactions, or in any other proposed transaction, which in either such case has materially affected or will materially affect the Company or its predecessors for the nine months ended February 29, 2008.

HDSI has supervised or conducted mineral exploration projects in Canada (British Columbia, Manitoba, Ontario, Quebec and the Yukon) and internationally in Brazil, Chile, China, the United States (Nevada and Alaska), Mexico, and South Africa. HDSI allocates the costs of staff input into projects based on time records of involved personnel. Costs of such personnel and third party contractors are billed to the participating public companies on a full cost recovery basis (inclusive of HDSI staff costs and overhead) for amounts that are considered by the Company's management to be competitive with arm’s-length suppliers. The shares of HDSI are owned equally by each of the nine participating corporations (including the Company) as long as HDSI services are being provided; however, such participant surrenders its single share at the time of termination of the services agreement. HDSI is managed by the directors of the Company, along with the controlling directors of the other corporate participants in the arrangements with HDSI.


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The amounts billed by HDSI for its services rendered to the Company and which amounts constitute primarily reimbursement of third party billings were $869,861 for the nine months ended February 29, 2008; (2007 -$1,988,027; 2006 - $578,134).

This excerpt taken from the RDIAF 6-K filed Oct 25, 2007.

MANAGEMENT CONTRACTS

Management services are provided to the Company by Hunter Dickinson Inc. (“HDI”) pursuant to a geological, corporate development, administrative and management services agreement dated for reference December 31, 1996. HDI is a private company owned equally by nine publicly traded exploration companies (one of which is Rockwell Diamonds Inc.) and is managed by persons, the majority of whom are also directors of the Company. No director or senior officer, and no associate or affiliate of the foregoing persons, and no insider has or has had any material interest, direct or indirect, in any other transactions, or in any other proposed transaction, which in either such case has materially affected or will materially affect the Company or its predecessors during the year ended May 31, 2007.

HDI has supervised or conducted mineral exploration projects in Canada (British Columbia, Manitoba, Ontario, Quebec and the Yukon) and internationally in Brazil, Chile, China, the United States (Nevada and Alaska), Mexico, and South Africa. HDI allocates the costs of staff input into projects based on time records of involved personnel. Costs of such personnel and third party contractors are billed to the participating public companies on a full cost recovery basis (inclusive of HDI staff costs and overhead) for amounts that are considered by the Company's management to be competitive with arm’s-length suppliers. The shares of HDI are owned equally by each of the nine participating corporations (including the Company) as long as HDI services are being provided; however, such participant surrenders its single share at the time of termination of the services agreement. HDI is managed by the directors of the Company, along with the controlling directors of the other corporate participants in the arrangements with HDI.


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The amounts billed by HDI for its services rendered and which amounts constitute primarily reimbursement of third party billings were $ 1,988,027 during the year ended May 31, 2007; (2006 - $ 578,134; 2005 - $ 163,317).

This excerpt taken from the RDIAF 6-K filed Oct 30, 2006.

MANAGEMENT CONTRACTS

Except as set out herein, there are no management functions of the Company, which are to any substantial degree performed by a person or company other than the directors or senior officers of the Company.

This excerpt taken from the RDIAF 6-K filed Dec 19, 2005.

MANAGEMENT CONTRACTS

Except as set out herein, there are no management functions of the Company, which are to any substantial degree performed by a person or company other than the directors or senior officers of the Company.

This excerpt taken from the RDIAF 6-K filed Jan 4, 2005.

MANAGEMENT CONTRACTS

Except as set out herein, there are no management functions of the Company which are to any substantial degree performed by a person or company other than the directors or senior officers of the Company.

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