EMPLOYMENT
AGREEMENT
This Employment
Agreement, entered into this 1st day of March, 2007, between
Golden West Brewing Company (the "Company") and Daniel Del Grande
(the "Employee").
WITNESSETH
THAT:
WHEREAS, the parties
hereto desire to enter into this Agreement to define and set forth
the terms and conditions of the employment of the Employee by the
Company;
WHEREAS, Employee is
Manager of Bison Brewing Company, LLC
(“Bison”);
WHEREAS, concurrently
herewith, the Company and Bison are executing and delivering a
Production Agreement.
NOW, THEREFORE, in
consideration of the mutual covenants and agreements set forth
below, it is hereby covenanted and agreed by the Company and the
Employee as follows:
1. Position and
Employment Period
The Company hereby
employs the Employee as its Chief Financial Officer, and the
Employee hereby agrees to serve in such capacity, for the period
beginning 1 March 2007, and ending the earlier of (i) 28 February
2009 or, (ii) the termination of the Production Agreement
(the "Employment Period"). The Chief Financial Officer
communicates financial performance and forecasts and reports to the
Chief Executive Officer directly. The Chief Financial Officer
manages the financial risks of a business, and is responsible for
financial planning, operational and capital budgeting, operational
improvements, and US Department of the Treasury, Tax and Trade
Bureau regulatory compliance.
2. Performance of
Duties
The Employee agrees that
during the Employment Period he shall devote 50% of his business
time to the production and business affairs of the Company and 50%
of his business time to the brand management and business affairs
of Bison Brewing Company, LLC and shall perform his duties
faithfully and efficiently subject to the direction of the Chief
Executive Officer of the Company; provided that the foregoing shall
not limit or prevent the Employee from serving on the board of
directors of charitable organizations or other business
corporations not in competition with the Company. The Employee
shall not be assigned duties and responsibilities that are not
generally within the scope and character associated or required of
other employees of similar rank and position.
The Employee warrants
and represents that Employee has the ability to enter into this
Agreement, that entering into and performing under this Agreement
wi
