EMPLOYMENT AGREEMENTEmployment Agreement • May 24th, 2010 • Ivanhoe Energy Inc • Oil & gas field exploration services • British Columbia
BETWEEN: Ivanhoe Energy Inc. a corporation continued under the laws of the Yukon Territory, having its principal executive office at Suite 654 – 999 Canada Place, Vancouver, British Columbia and having an office at 19th Floor, 101-6th Avenue SW, Calgary, Alberta T2P 3P4 (the "Company") AND: David A. Dyck 31261 Coyote Valley Road Calgary, Alberta T3L 2R1 (the "Executive") WHEREAS: (A) the Company is in the business of oil and gas development and production using proprietary upgrading technology; (B) the Company wishes to engage the Executive as President and CEO of Ivanhoe Canada Inc. (“IE Canada”); (C) the parties hereto wish to enter into this Agreement for the purpose of fixing the compensation and terms applicable to the employment of the Executive during the period hereinafter set out.
