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EXECUTIVE EMPLOYMENT AGREEMENT

Employee Retention Agreement

EXECUTIVE EMPLOYMENT AGREEMENT | Document Parties: WEST CANYON ENERGY CORP. You are currently viewing:
This Employee Retention Agreement involves

WEST CANYON ENERGY CORP.

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Title: EXECUTIVE EMPLOYMENT AGREEMENT
Governing Law: Nevada     Date: 1/30/2009

EXECUTIVE EMPLOYMENT AGREEMENT, Parties: west canyon energy corp.
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EXECUTIVE EMPLOYMENT AGREEMENT

     This EXECUTIVE EMPLOYMENT AGREEMENT (the “ Agreement ”) dated January 29, 2009 by and between West Canyon Energy Corp., a Nevada corporation (the “ Company ”), and Felipe Pimenta Barrios, an individual (the “ Executive ”).

     The Company desires to employ the Executive, and the Executive wishes to accept such employment with the Company, upon the terms and conditions set forth in this Agreement.

     NOW THEREFORE, in consideration of the foregoing facts and mutual agreements set forth below, the parties, intending to be legally bound, agree as follows:

     1. Employment . The Company hereby agrees to employ Executive, and Executive hereby accepts such employment and agrees to perform Executive’s duties and responsibilities in accordance with the terms and conditions hereinafter set forth.

          1.1 Duties and Responsibilities . Executive shall serve as Chief Financial Officer and a Director of the Company. During the Employment Term (as defined below), Executive shall perform all duties and accept all responsibilities incident to such positions and other appropriate duties as may be assigned to Executive by the Company’s Board of Directors from time to time. The Company shall retain full direction and control of the manner, means and methods by which Executive performs the services for which she is employed hereunder and of the place or places at which such services shall be rendered.

          1.2 Employment Term . The term of this Agreement shall commence effective as of December 1, 2008 (the “ Effective Date ”) and shall continue to December 1, 2009 (the “ Employment Term ”).

          1.3 Extent of Service . During the Employment Term, Executive agrees to use Executive’s best efforts to carry out the duties and responsibilities under Section 1.1 hereof and shall devote such time Executive deems is reasonably necessary to perform his duties hereunder.

          1.4 Base Salary . The Company shall pay Executive a base salary (the “ Base Salary ”) at the monthly rate of $4,000 (U.S.), payable monthly.

          1.5 Compensation Shares . As compensation for agreeing act as a director and officer of the Company and enter into this Agreement, the Executive shall receive 500,000 restricted shares of common stock of the Company (the “ Compensation Shares ”). Upon each annual renewal of this Agreement the Executive shall be entitled to an additional 500,000 Compensation Shares, subject to adjust for any stock splits or consolidations.

     2. Confidential Information . Executive recognizes and acknowledges that by reason of Executive’s employment by and service to the Company before, during and, if applicable, after the Employment Term, Executive will have access to certain confidential and proprietary information relating to the Company’s business, which may include, but is not limited to, trade secrets, trade “know-how,” product development techniques and plans, customer lists and addresses, cost and pricing information, strategy and programs, comput


 
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