EXHIBIT 10.23
November 19, 2004
Xxxxxxxxxxx X. Xxxxxxxx
000 Xxxxx Xxxxxxxxx, Xxxxx Xxxxx
Xxxxxx, XX 00000
RE: Letter Agreement by and between BPK Resources, Inc.
and Xxxxxxxxxxx Xxxxxxxx
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Dear Xxxxx:
This letter agreement (the "Agreement") sets forth our understanding
with respect to the terms and conditions of the services you will provide to BPK
Resources, Inc., a Nevada corporation (the "Company").
Your duties hereunder shall be those which shall be prescribed from
time to time by the Company's Board of Directors in accordance with the
Company's By-laws, as amended to date, including, but not limited to serving as
the Company's President and Chief Executive Officer, Secretary and Treasurer and
carrying out such duties, powers and responsibilities as customarily attend such
offices of a Company of the size, type and nature of the Company.
In consideration for your service to the Company, the Company shall pay
you an annual base salary of $75,000 payable in twelve (12) equal monthly
installments. Such installment shall be paid on the first day of each calendar
month commencing on November 1, 2004. You acknowledge that the Company has
limited funds available to make cash payments to you; therefore, if, the Company
does not have sufficient funds to pay the monthly installment owed to you, your
salary shall accrue from month to month.
Your employment shall be considered at-will and you may be terminated
by you or the Company for any reason on thirty (30) days written notice to the
other party.
If this Agreement accurately sets forth our present intentions and
agreements regarding the proposed transaction, please so acknowledge by signing
in the space provided below and returning this Agreement to my attention.
BPK RESOURCES, INC.
By: /s/ Xxxxxxxxxxx X. Xxxxxxxx
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ACCEPTED AND AGREED TO:
/s/ Xxxxxxxxxxx X. Xxxxxxxx
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Xxxxxxxxxxx X. Xxxxxxxx
