EX 10.3
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:
XXXX XXXXXXX COURTICE 0000 Xxxx 00xx Xxxxxx Xxxxxxxxx, X.X.
(hereinafter referred to as Courtice)
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 Courtice
and
X. Xxxxxxxx has agreed to enter into employment agreements with the
Company.
D. It is desirable to settle the terms between the Company and Courtice
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 Courtice to be President of the Company,
effective April 1, 2000, in charge of administration of the Company's
daily affairs.
2. In consideration for Courtice agreeing to act as President, 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 Courtice 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. Courtice 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 Courtice, addressed as follows:
0000 Xxxx 00xx Xxxxxx
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/ Xxxx Xxxxxxxx
________________________ ________________________
Xxxxxxx Xxxxx Xxxxxxxx
Xxxx Xxxxxxx Xxxxxxxx
President and Director
