Letter Agreement with Pen-Mun Foo October 25, 2011I, Peng Mun Foo, hereby accept my position with Bonanza Goldfields Corporation as Interim CFO.As Interim CFO, I understand my duty to assist Bonanza Goldfields in:1) Completing Quarterly (10Q) and Yearly (10K) filings.2) Preparing financial metrics and comparisons used in marketing Bonanza and raising capital.The company will give me up to $2500 USD monthly in expense reimbursement incurred by my role with the Company. I will also receive quarterly 1,000,000 shares of common stock of Bonanza Goldfields Corporation.The duration for this position will be 3 months, and renewable each quarter by mutual agreement.Im looking forward to working with the Bonanza Goldfields Corporation management team.Sincerely,Peng Mun Foo, CFA
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EX-10.1 2 bonz_ex101.htm LETTER AGREEMENT WITH PEN-MUN FOO bonz_ex101.htm
Exhibit 10.1
Letter Agreement with Pen-Mun Foo
October 25, 2011
I, Peng Mun Foo, hereby accept my position with Bonanza Goldfields Corporation as Interim CFO.
As Interim CFO, I understand my duty to assist Bonanza Goldfields in:
1) Completing Quarterly (10Q) and Yearly (10K) filings.
2) Preparing financial metrics and comparisons used in marketing Bonanza and raising capital.
The company will give me up to $2500 USD monthly in expense reimbursement incurred by my role with the Company. I will also receive quarterly 1,000,000 shares of common stock of Bonanza Goldfields Corporation.
The duration for this position will be 3 months, and renewable each quarter by mutual agreement.
I’m looking forward to working with the Bonanza Goldfields Corporation management team.
Sincerely,
Peng Mun Foo, CFA
