ENERGROUP HOLDINGS CORPORATION No. 9, Xin Yi Street, Ganjingzi District Dalian City, Liaoning province People’s Republic of China 116039 December 31, 2007
ENERGROUP
HOLDINGS CORPORATION
Xx.
0, Xxx Xx Xxxxxx, Xxxxxxxxx Xxxxxxxx
Dalian
City, Liaoning province
People’s
Republic of China 116039
December
31, 2007
Xx.
Xxxx
Fuyuan
Xx.
0 Xxx
Xx Xxxxxx
Xxxxxxxxx
Xxxxxxxx
Xxxxxx,
XXX 000000
Re:
|
Executive
Employment Agreement - Chief Operating
Officer
|
Dear
Xx.
Xxxx,
Energroup
Holdings Corporation, a Nevada corporation (the "Company"), is pleased to offer
you the position of Chief Operating Officer ("COO”), at a yearly salary of USD
$100,000 payable to you in monthly installments in accordance with the Company’s
standard payroll practices for salaried employees. This salary will be subject
to adjustment pursuant to the Company’s employee compensation policies in effect
from time to time.
The
Company agrees that you will be entitled to the benefits that the Company
customarily makes available to employees in positions comparable to yours.
In
the
event that you depart from the Company for any reason, you agree to refrain
from
using or disclosing the Company’s confidential information in any manner which
might be detrimental to or conflict with the business interests of the Company.
This Agreement does not prevent a former employee from using his or her general
knowledge and experience-no matter when or how gained, in any new field or
position.
In
the
event of your departure, you agree that all inventions conceived or developed
by
you in which trade secret information of the Company was used, or that relate
to
the business of the Company or to the Company's actual or demonstrably
anticipated research and development, or that result from any work performed
by
you for the Company will remain the property of the Company. All other
inventions conceived or developed by you during the term of this Agreement
will
remain your property.
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The
Company agrees that you have the right to terminate your employment by giving
the Company prior notice with or without cause, and the Company reserves for
itself an equal right. We both agree that any dispute arising with respect
to
your employment, the termination of that employment, or a breach of any covenant
of good faith and fair dealing related to your employment, shall be conclusively
settled by final and binding court in Liaoning Province in the People’s Republic
of China.
This
letter contains the entire agreement with respect to your employment. The terms
of this offer may only be changed by written agreement, although the Company’s
Board of Directors or appropriate committee thereof, may from time to time,
in
its sole discretion, adjust the salaries and benefits paid to you and other
employees. Should you have any questions with regard to any of the items
indicated above, please contact the undersigned. Kindly indicate your consent
to
this employment agreement by signing and returning a copy of this letter to
the
Company.
Your
starting date for commencement of employment will be the date of closing of
the
reverse takeover transaction under the Company’s Share Exchange Agreement dated
December 2007, unless otherwise mutually agreed in writing.
[Signature
Page Follows]
2
IN
WITNESS WHEREOF,
the
undersigned have entered into this Executive Employment Agreement as of the
date
first written above.
CHIEF
OPERATING OFFICER:
|
XXXX
XXXXXX, an individual
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By:
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Xxxx
Xxxxxx
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COMPANY:
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ENERGROUP HOLDINGS CORPORATION | ||
By:
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Name:
Shi Huashan
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Title:
Chief Executive Officer
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