Cloud Karen L Sample Contracts

Cloud Karen L – EMPLOYMENT AGREEMENT (October 25th, 2000)

EMPLOYMENT AGREEMENT Employment Agreement, between Pangea Petroleum Corporation (the "Company") and Karen L. Cloud (the "Employee"). 1.For good consideration, the Company employs the Employee on the following terms and conditions. 2.Term of Employment: Subject to the provisions of termination set forth below this agreement will begin on July 1, 1999, unless sooner terminated. 3.Salary/Benefits: The Company shall pay Employee a salary of $39,000.00 per year, payable semi-monthly, for the services of Employee, at regular payroll periods. The Employee will also be awarded 1,000 options to purchase Pangea Stock per month. The options will have a cost basis of $1.00 per share. In addition, Company will provide Medical Benefits for the Employee. 4.Duties and Position: The Company hires the Employee in the capacity of Corporate Secretary and Director of Administration. The Employee's duties may be reasonably modified at the Company's direction