Interim CFO Letter Agreement between Bonanza Goldfields Corporation and Peng Mun Foo

Contract Categories: Human Resources › Employment Agreements
Summary

Bonanza Goldfields Corporation has appointed Peng Mun Foo as Interim Chief Financial Officer (CFO) for a three-month term, renewable quarterly by mutual agreement. Mr. Foo will assist with the company's quarterly and annual SEC filings and prepare financial metrics for marketing and capital raising. He will be reimbursed up to $2,500 per month for expenses and receive 1,000,000 shares of common stock each quarter. The agreement outlines his key responsibilities and compensation during his interim role.

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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