Tycore Ventures Inc. Carson City, Nevada 89701 November 19, 2009
EXHIBIT
10.2
0000
Xxxxx Xxxxxx Xxxxxx, Xxxxx 000
Xxxxxx
Xxxx, Xxxxxx 00000
November
19, 2009
Xxx
Xxxx
President
0000
Xxxxx Xxxxxx Xxxxxx, Xxxxx 000
Xxxxxx
Xxxx, Xxxxxx 00000
This letter agreement, dated November
19, 2009, memorializes the terms and conditions of that certain agreement of
compensation by and between Xxx Xxxx (“Xxxx”) and Tycore Ventures Inc., a Nevada
corporation (the “Company”).
1. Compensation. The
Company agrees to pay Xxxx, for a term of two (2) years, $1,000 per month, on
the last day of each month, as consideration for Xxxx serving and performing his
duties as a non-employee President of the Company. Xxxx shall have
such executive responsibilities and duties as are assigned by the Board of
Directors of the Company and are consistent with the position of
President. Xxxx shall assign his right to such compensation of $1,000
per month to the Company, until such time as the Company closes on an equity or
debt financing of not less than $100,000.
3. Assignment. This
letter agreement may not be assigned unless the Company and Xxxx consent in
writing to such assignment.
Very truly yours,
TYCORE VENTURES, INC.
By: ___________________________________
Name: Xxx
Xxxx
Title: President
Agreed
and Accepted this 19th day of
November:
By: ___________________________________
Name: Xxx
Xxxx (individually)
