Home Savers Holding Corp. Employment Agreement

THIS EMPLOYMENT AGREEMENT (this "Agreement") is made and entered into effective as of March 22 ^w ', 2009 (the "Effective Date"), by and between Paul R. Peterson ("Employee") and Home savers Holding Corp., a Nevada corporation (hereafter collectively referred to as the "Company").

WHEREAS, the Company desires to employ Employee as Chief Executive Officer of the Company to oversee the day to day business operations of the Company, and Employee desires to work for the Company, on the terms and conditions set forth in this Agreement.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

Section 1. Position and Duties.

1.1 During the Employment Term (as defined below), Employee shall serve as Chief Executive Officer of the Company, reporting directly to the Board of Directors of company. Employee shall have responsibility for the overall day-to-day oversight and management of the Company, subject to the supervision of the Board of Directors and shall have the duties, responsibilities and authority customarily associated with such position, including, but not limited to, assisting the Board of the company ("Board") in developing long term strategies for developing the company's subsidiaries, supervising all management and employees of the Company, helping in setting employee compensation, adopting budgets and such other duties for or on behalf of the Company, as are customarily assigned to the Chief Executive of companies comparable to Home Savers Holding Corporation, provided that such duties are reasonably consistent with Employee's experience and background. Employee shall also have such other responsibilities and duties consistent therewith as shall be determined from time-to-time by the Board. In that Employee is currently serving as "at will" in the capacity of Chief Executive Officer, and employee agrees to maintain additional duties until such time as new officers and employees are appointed.

1.2 During the Employment Term, Employee shall serve the Company faithfully and to the best of his ability and shall devote substantially all of his business time, attention and efforts to the performance of such duties as may be assigned to him from time to time by the Chairman of the Board. Employee shall confer with the Chairman of the Board and must have the written approval of the board prior to any mergers, acquisitions or significant contracts by the company or prior to entering into any new financial agreements in behalf of the company outside of the normal day to day responsibilities of the CEO.

1.3 Employee expressly represents and warrants to the Company that Employee is not a party to any contract or agreement and is not otherwise obligated in any way, and is not subject to any rules or regulations, whether governmentally imposed or otherwise, which will or may restrict in any way the Employee's ability to fully perform his duties and responsibilities under this Agreement. Employee further expressly represents and warrants that he is eligible to work in the United States and shall take all necessary action to comply with requests for verification of employment eligibility.

1.4Employee will perform his duties and responsibilities located at the corporate headquarters or elsewhere within reason to perform the position's responsibilities.

Section 2. Term. Employee shall be employed by the Company (the "Employment Term") commencing as of the Effective Date and, subject to earlier termination or extension as provided herein, ending on December 31 ^st , 2013. The Employment Term shall be automatically

extended for successive one-year periods unless either party delivers written notice of termination to the other party, at least 60 days prior to the expiration of the initial term or any extension term. The giving of such notice terminates this Agreement and Employee's employment by the Company at the expiration of the initial or extension term in which the notice is given.

Section 3. Compensation and Benefits.

3.1 Base Salary. During the Employment Term Employee shall be paid a base salary ("Base Salary") in the gross amount of $10,000.00 per month, payable in equal installments and in accordance with the normal payroll cycle as presently exists or may hereafter be adopted by the Company. Employee will receive an annual Coast of Living Adjustment increase in Base

Salary upon each anniversary date of employment in the amount of 10%. Employee acknowledges that, from time to time, the Company may require said Base Salary to accrue, and is accrued, partially paid or paid as resources are available upon the directive of the Chairman of the Board.

3.2 Bonuses. Employee will receive 2,500,000 (two million five hundred thousand) shares of Home Savers Holding Corp. common stock, to be transferred to employee upon the acceptance of this position. Employee shall be granted a one-time bonus equal to that amount earned during one pay period upon his acceptance of this position. Other bonuses may be determined by the Board of Directors based on employee's effective management.

3.3 Stock Options. Employee shall be eligible to participate in the Company Stock Option Plan when and if approved by the shareholders of the Company. Employee will be eligible for 401 K programs when and if approved by the Board of Directors of the Company.

3.4 Employee Benefits. Effective as of the Effective Date and during the Employment Term, Employee shall be eligible for employee benefits available to regular full-time executive management employees of the Company provided that Employee meets the eligibility requirements for such benefits. In addition, Employee shall be entitled to fifteen (15) days of paid time off per calendar year (exclusive of Company holidays) which cannot be carried over from calendar year to calendar year without the prior written approval of the board. The Company provides no assurance as to the adoption or continuance of any particular employee benefit plan or program; and Employee's participation in any such plan or program shall be subject to the provisions, rules, conditions, exclusions, regulations and plan documents or policies applicable thereto. The Company remains free to change the terms of any benefit plan in its sole discretion with or without notice

3.5 Reimbursement of Expenses. Employee shall be entitled to reimbursement of reasonable expenses incurred by Employee in the course of Employee's duties, in accordance with applicable policies and documentation requirements of the Company.

3.6 Tax Withholding. Notwithstanding anything in this Agreement to the contrary, the Company may withhold from any amounts payable or benefits provided under this Agreement all federal, state, city, or other taxes as are legally required to be withheld.

Section 4. Termination.

4.1 Termination by Company for Cause. The Company may terminate Employee's employment for Cause immediately upon written notice stating the basis for such termination. If Employee is terminated for Cause, he shall be entitled to his base salary through the date of termination and awarded bonus(es), with said bonus(es) not subject to a pro-rate adjustment. A termination of Employee by the Company for "Cause" occurs if Employee is terminated for any of the following reasons:

(i)   Employee's refusal to comply with a lawful instruction of the Company's Board of Directors

(ii)   Any act or omission knowingly undertaken or omitted by Employee without a reasonable belief that such action was in the best interests of the Company, its properties, assets or business or its officers, directors or employees, as determined by the Board in its commercially reasonable discretion;

(iii)   Theft, dishonesty or intentional falsification of any employment or Company records.

(iv)   Any fraud or embezzlement involving properties, assets or funds of the Company;

(v)   A material breach of this Agreement if Employee fails to cure such breach within thirty (30) days after written notice from the Company specifying the action which constitutes the breach and demanding its discontinuance;

(vi)   Negligence in performing his duties, which has been brought to Employee's attention in writing, and which (if curable) has not been cured within thirty (30) days of the notice thereof

(vii)   Intentional and improper disclosure of the Company's confidential or proprietary information;

(viii)   Employee's conviction (including any plea of guilty or nolo contendere) to any criminal offense which constitutes a felony, or is punishable by more than one year in jail, in the jurisdiction where the conviction or plea occurred.

(ix) Employee's commission of an act of discrimination or harassment based on race, sex, national origin, religious, disability, age or other protected classification