Exhibit 10.27
US HELICOPTER
XXXXX XxXXXXXXXX
o EMPLOYMENT AGREEMENT - DATED JULY 14, 2004; EFFECTIVE UPON CLOSING
OF $1,000,000 SECURED CONVERTIBLE DEBENTURE WITH CORNELL CAPITAL
PARTNERS L.P.
o POSITION
- SENIOR VICE PRESIDENT and CHIEF MARKETING OFFICER
o RESPONSIBILITIES (Broad Overview)
- MARKETING
- SALES
- RESERVATIONS
- REVENUE MANAGEMENT
- ALLIANCES
- STRATEGIC PLANNING
- BUSINESS DEVELOPMENT
- TECHNOLOGY DISTRIBUTION
- GOVERNMENT/INDUSTRY AFFAIRS
o SALARY
- $130,000 BASE PER ANNUM
- PRE-STARTUP SALARY WILL BE 80% OF BASE
- EFFECTIVE WITH STARTUP REVERT TO BASE SALARY
o START DATE
- TO BE FINALIZED BETWEEN BOTH PARTIES
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XXXXX XxXXXXXXXX (Continued)
o CONTRACT
- TWO (2) YEARS
o STOCK OWNERSHIP
- PARTICIPATION IN FUTURE STOCK OPTION PLANS (TO BE ESTABLISHED
BY THE COMPANY)
o INCENTIVE PLAN
- TO BE DETERMINED/FINALIZED
o BENEFITS
- TO BE DETERMINED/FINALIZED
o FORMAL AGREEMENT TO BE PREPARED BY G, B & B
AGREED TO:
/s/ Xxxxx Xxxxxx /s/ Xxxxx XxXxxxxxxx
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Xxxxx Xxxxxx Xxxxx XxXxxxxxxx
Chief Executive Officer
US Helicopter
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