EMPLOYMENT AGREEMENTEmployment Agreement • November 13th, 2013 • Minerco Resources, Inc. • Drilling oil & gas wells • New Hampshire
This Employment Agreement (the "Agreement") is entered into as of the 1st day of February, 2013 between John Powers ("Employee") and Minerco Resources, Inc., a Nevada Corporation, its affiliates, predecessors and subsidiaries (the "Company”).
AGREEMENT TO EXCHANGE ACCRUED SALARY FOR COMMON SHARESAgreement • November 13th, 2013 • Minerco Resources, Inc. • Drilling oil & gas wells • New Hampshire
WHEREAS, Powers is willing to forgive his accrued salary, through May 15, 2013, in amount of Twenty-four Thousand Five Hundred Dollars and 00/100 Cents ($24,500.00) for Fifteen Million Shares of the Company’s Common Stock AND the Company is willing to exchange Powers’ accrued salary, through May 15, 2013, in amount of Twenty-four Thousand Five Hundred Dollars and 00/100 Cents ($24,500.00) for Fifteen Million Shares of the Company’s Common Stock;
