Eurosport Active or Corp. Employment Contract

Exhibit 10.04

Eurosport Active or Corp.

Employment Contract

This Agreement, dated as of January 1, 2012 (the “Effective Date”), is made and entered into by and between Eurosport Active World Corp. (“EAWC”), a Florida corporation having its mailing address at 0000 Xxxx Xxxxxx, Xxxxx 000, Xxxxx, XX 00000, and Xxxx Xxxxxxxxx, MSc (“IV”), having his business address at Xxxxxx xx Xxxxxxxx 00X — Xxxxx- Xxxx. Xxxxxxxxxxx.

WITNESSETH

WHEREAS, EAWC wishes IV to serve as its Chief Operations Officer (COO), and IV wishes to serve in such a capacity; and

WHEREAS, the parties desire to set forth in writing the terms pursuant to which IV shall serve as COO of EAWC.

In consideration of the foregoing premises and the mutual covenants and promises set forth below, the parties agree as follows:

1. Engagement. EAWC hereby engages COO to serve as EAWC’s COO, and IV hereby accepts such engagement.

2. Term. Unless earlier terminated pursuant to paragraph 5 below, this Agreement shall have a term of five (10) years, commencing January 1, 2012, and expiring December 31, 2022. At the end of the initial term. and each subsequent renewal term, this Agreement shall automatically be renewed for successive one (1) year terms, unless either party shall give at least ninety (90) days written notice to the other party of its intent not to renew this Agreement.

	3.	Duties. IV shall perform all of the duties usually and customarily performed by the COO of a company engaged in the business of developing green technologies and within the Law & Rules of a public traded Corporation of the USA.
	4.	Compensation. As compensation for the performance of his duties pursuant to this Agreement, IV shall be tendered 2,200,000 share options of EAWC common shares in accordance with the Non-Qualified Stock Option Agreement dated January 1, 2012. Such compensation may be increased or changed at any time during the term of this Agreement by the affirmative vote of EAWC’s Board of Directors and the full written agreement of IV If EAWC enters into any agreement, or by any other circumstance, wherein there a change of control in the ownership or management of the Company, any remaining of this EAWC shares options that arc being pledged in this agreement to IV, and have not as yet achieved the status of being exercisable, will become immediately exercisable. The annual salary for the COO position is fixed for the first year with $125,000 p.a. The second year it will increase to $150,000 p.a. Any increase for the remaining years has to be a subject of approval from the Board.

 

5. Termination. EAWC may terminate this Agreement upon written notice to IV for “cause”. For purposes of this Agreement, cause shall mean:

	i.	Actions or omissions by IV in connection with the performance of his duties hereunder which constitute fraud, dishonesty or willful misconduct;
	ii.	Conviction of IV of a felony;
	iii.	IV’s breath of a material provision of this Agreement which continues uncured for thirty (30) days after written notice to IV of such breach;
	iv.	IV’s inability to perform his duties hereunder due to death or disability.

6. Assignment. IV cannot assign this contract to anyone else WITHOUT approval of the Board. Only a majority of the Board can take actions against the COO at all.

	7.	Waiver. Waiver of any provision or breach hereof in any instance shall not be deemed a waiver of any other or future breach of the same provision or of any other provision or of the entire Agreement.
	8.	Severability. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of the other provisions thereof.
	9.	Governing Law. This Agreement shall be interpreted and construed in accordance with the laws of the State of Florida, United States of America.
	10.	Entire Agreement. This Agreement constitutes the entire understanding of the parties on the subject matter hereof, supersedes all prior written or oral understandings and may not be modified or amended, except in writing, and duty executed by authorized representatives of the respective parties.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly authorized representatives as of the day an year first above written:

	EUROSPORT ACTIVE WORLD CORP.
	By:	/s/ Xxxxx X. Xxxxxxxx		/s/ Xxxx Xxxxxxxxx
		Xxxxx X. Xxxxxxxx, CEO		Xxxx Xxxxxxxxx, MSc