EX 10.2
EMPLOYMENT AGREEMENT
THIS AGREEMENT is made effective the 17th day of March, 2000
BETWEEN:
XXXXXXXXXX.XXX.XXX. (formerly known as Morenci Corp.)
x/x Xxxxx 000 - 0000 Xxxx Xxxxxxx Xxxxxx
Xxxxxxxxx, XX
(hereinafter referred to as the "Company")
AND:
XXXXXX XXXX XxXXXXXXXX 000-000 Xxxxx Xxxxx Xxxxx Xxxxx
Xxxxxxxxx, X.X.
(hereinafter referred to as "XxXxxxxxxx")
WITNESS THAT WHEREAS
A. The Company is a publicly traded Nevada corporation that recently
acquired an internet business relating to sport bikes;
B. The Company believes that the value its shall increase substantially
as a result of its entering into an employment agreement with
XxXxxxxxxx; and
X. XxXxxxxxxx has agreed to enter into employment agreements with the
Company.
D. It is desirable to settle the terms between the Company and XxXxxxxxxx
by written agreement.
THE PARTIES HERETO for good and valuable consideration (the receipt and
sufficiency of which is hereby acknowledged), covenant and agree as
follows:
WITNESSETH:
1. The Company hereby appoints XxXxxxxxxx to be Chief Executive Officer of
the Company, effective April 1, 2000, in charge of establishing
business strategies to further develop the Company's internet business.
2. In consideration for XxXxxxxxxx agreeing to act as Chief Executive
Officer, the Company shall forthwith upon the execution of this
agreement, transfer 5,000,000 fully paid and assessable shares in the
Company's capital stock to XxXxxxxxxx at a deemed price of $.001 per
share.
3. This Agreement shall be for an indefinite term unless modified or
extended by mutual consent of the parties hereto in writing, giving
either party thirty (30) days notice.
4. XxXxxxxxxx shall act upon all lawful instructions given to him by the
Board of Directors of the Company.
5. Any notice required to be given to either party by the other hereunder
shall well and sufficiently given to if sent by registered mail,
postage prepaid, if to the Company addressed as follows:
XXXXXXXXXX.XXX.XXX
Suite 980 - 0000 Xxxx Xxxxxxx Xxxxxx
Xxxxxxxxx, XX
And if to XxXxxxxxxx, addressed as follows:
000-000 Xxxxx Xxxxx Xxxxx
Xxxxx Xxxxxxxxx, X.X.
6. This Agreement shall enure to the benefit of and be binding upon the
parties hereto, their respective heirs, executors administrators,
successors and assigns as the case may be.
7. This Agreement may be executed in several counterparts, each of which
will be deemed to be an original and all of which will together
constitute one and the same instrument.
IN WITNESS WHEREOF the parties have hereunto set their hands and seals effective
as of the date first above written.
SIGNED, SEALED AND DELIVERED BY
Xxxxx Xxxxxxxx.
By: By:
/s/ M. Xxxxx Xxxxxxxx /s/ Xxxxxx XxXxxxxxxx
__________________________ _______________________
Signature, Xxxxxxx Xxxxx Xxxxxxxx
Xxxxxx Eyre XxXxxxxxxx
President and Director
