Exhibit 10.1
EMPLOYMENT AGREEMENT
Employment Agreement, between Extensions, Inc., a Nevada
Corporation (the
"Company") and Crawford Shaw (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 for termination
set forth below
this agreement will begin on August 1, 2007, and will be effective
for a periods
of 3 years, unless sooner terminated.
3. SALARY. The Company shall pay Employee a salary of $25,000 per
year,
commencing with the company's announcement of the launch of social
network.
Prior to this announcement the Employee agrees that no compensation
is due, for
the services of the Employee, payable at regular payroll
periods.
4. DUTIES AND POSITION. the Company hires the Employee in the
capacity of Chief
Executive Officer, the Employee's duties may be reasonably
modified at the
Company's discretion from time to time.
5. EMPLOYEE TO DEVOTE PART TIME TO COMPANY. the Employee will
devote part time,
20 hours a week, attention, and energies to the business of the
Company, and,
during this employment, will be allowed to engage in other business
activities.
6. CONFIDENTIALITY OF PROPRIETARY INFORMATION. Employee agrees,
during or after
the term of this employment, not to reveal confidential
information, or trade
secrets to any person, firm, corporation, or entity. Should
Employee reveal or
threaten to reveal this information, the Company shall be entitled
to an
injunction restraining the Employee from disclosing same, or from
rendering any
services to any entity to whom said information has been or is
threatened to be
disclosed, the right to secure an injunction is not exclusive, and
the Company
may pursue any other remedies it has against the Employee for a
breach or
threatened breach of this condition, including the recovery of
damages from the
Employee.
7. REIMBURSEMENT OF EXPENSES. The Employee may incur reasonable
expenses for
furthering the Company's business, including expenses for
entertainment, travel,
and similar items. The Company shall reimburse Employee for all
business
expenses after the Employee presents an itemized account of
expenditures,
pursuant to Company policy.
8. VACATION. The Employee shall be entitled to a yearly vacation of
2weeks at
full pay.
9. DISABILITY. In the event that the Employee cannot perform the
duties because
of illness or incapacity for a period of more than 2 weeks, the
compensation
otherwise due during said illness or incapacity will be reduced by
Fifty (50
percent) . The Employee's
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full compensation will be reinstated upon return to work. However,
if the
Employee is absent from work for any reason for a continuous period
of over 2
months, the Company may termina
