EMPLOYMENT AGREEMENTEmployment Agreement • November 17th, 2009 • Angel Acquisition Corp. • Real estate
Employment Agreement, between Angel Acquisition Corp. (“AGEL” or the “Company”) and Mr. Steve Bonenberger (the "Employee"). For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, AGEL employs the Employee to act as the Chief Executive Officer and Director of the Company on the following terms and conditions. 1. Term of Employment. Subject to the provisions for termination set forth below this agreement is for a three-year term beginning on January 1, 2009 and ending on December 31, 2011, unless sooner terminated or renewed pursuant to the renewal provisions set forth herein. 2. Compensation. In consideration of the services to be provided by Employee as set forth herein, AGEL agrees to pay to Employee an annual salary of $240,000, payable bi-monthly at a rate of $10,000 on the 1st and 15th day of each month beginning on January 1, 2009.
