EMPLOYMENT AGREEMENT
This AGREEMENT, entered into this _10th_ day of December, 2013, between ROID Group Inc,
a Nevada state of incorporation (the "Company"), and Xxxxxxxxx Xxx of employee (the "Employee"),
WITNESSETH THAT:
WHEREAS, the parties hereto desire to enter into this Agreement to define and set forth the terms
and conditions of the employment of the Employee by the Company;
NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth below, it
is hereby covenanted and agreed by the Company and the Employee as follows:
1. Position; Employment Period
The Company hereby employs the Employee as its CEO & President, and the Employee hereby
agrees to serve in such capacity, for the period beginning 10th day of December, and ending on the date on
which the Employee's employment is terminated in accordance with paragraph 7 below (the "Employment
Period").
2. Performance of Duties
The Employee agrees that during the Employment Period he shall devote his full business time to
the business affairs of the Company and shall perform his duties faithfully and efficiently subject to the
direction of the Company; provided that the foregoing shall not limit or prevent the Employee from serving
on the board of directors of charitable organizations or other business corporations not in competition with
the Company. The Employee shall not be assigned duties and responsibilities that are not generally within
the scope and character associated or required of other employees of similar rank and position.
3. Compensation
(a) Subject to the following provisions of this Agreement, during the Employment Period the
Employee shall be compensated for his services as follows:
(b) He shall receive an annual salary, payable in monthly or more frequent installments, in an
amount which shall initially be $ 60,000 per annum, subject to such increases as may from time to time be
determined by the Company.
(c) He shall be entitled to vacations of not less than 12 days per year.
(d) He shall be entitled to such other perquisites as may be customarily granted by the Company to
employees of similar rank and position.
4. Disability
Subject to the provisions of paragraph 7, if the Employee's employment is terminated during the
Employment Period by reason of his Disability (as defined below), the Employee shall continue to receive
an annual salary and benefits in accordance with paragraphs 3(a) and 3(b) through the end of the 4 full
calendar month of such disability but not in any event beyond the end of the Employment Period. For
purposes of this Agreement the term "Disability" means a physical or mental disability which renders the
Employee incapable of performing his duties under this Agreement and which disability has existed for at
least 12 months, as determined by an independent physician selected by the Company and agreed to by the
Employee. Any salary payments to the Employee shall be reduced by the amount of any benefits paid for
the same period of time under the Company's disability insurance programs.
5. Confidentiality
During and after the Employment Period, the Employee will not divulge or appropriate to his own
use or to the use of others, in competition with the Company, any secret or confidential information or
knowledge pertaining to the business of the Company, or of any of its subsidiaries, obtained by him in any
way while he was employed by the Company or by any of its subsidiaries.
6. Remedies
If at any time the Employee violates to a material extent any of the covenants or agreements set
forth in paragraphs 5, the Company shall have the right to terminate all of its obligations to make further
payments under this Agreement. The Employee acknowledges that the Company would be irreparably
injured by a violation of paragraph 5 and agrees that the Company shall be entitled to an injunction
restraining the Employee from any actual or threatened breach of paragraph 5 or to any other appropriate
equitable remedy without any bond or other security being required.
7. Amendment and Termination
This Agreement may be amended or cancelled by mutual
agreement of the parties without the consent of any other person and, so long as the Employee lives, no
person, other than the parties hereto, shall have any rights under or interest in this Agreement or the subject
matter hereof The Employment Period shall terminate as of the earliest of:
(a) 31th day of December, 2015;
(b) the last day of the month in which the date of the Employee's death occurs; or
the date on which the Company gives notice to the Employee if such termination is for Cause or Disability.
(c) For purposes of this Agreement, "Cause" means the Employee's gross misconduct resulting in
material damage to the Company or willful and material breach of this Agreement.
8. Notices
Any notice required or permitted to be given under this Agreement shall be sufficient if in writing
and if sent by registered mail to the Company at its principal executive offices or to the Employee at the
last address filed by him in writing with the Company, as the case may be.
9. Non-Assignment
The interests of the Employee under this Agreement are not subject to the claims of his creditors
and may not be voluntarily or involuntarily assigned, alienated or encumbered.
10. Successors
This Agreement shall be binding upon, and inure to the benefit of, the Company and its successors
and assigns and upon any person acquiring, whether by merger, consolidation, purchase of assets or
otherwise, all or substantially all of the Company's assets and business.
11. Applicable Law
The provisions of this Agreement shall be construed in accordance with the laws of the State of
12. Counterparts
The Agreement may be executed in two or more counterparts, any one of which shall be deemed
the original without reference to the others.
IN WITNESS WHEREOF, the Employee has hereunto set his hand, and the Company has caused
these presents to be executed in its name and on its behalf, all as of the day and year first above written.
Xxxxxxxxx Xxx
ROID Group Inc.
By:
Xxxxxxxxx Xxx, Director of ROID Group Inc.
Its: Duly Authorized Representative