ORAL AGREEMENT BETWEEN DYNAMIC HYDROCARBONS LTD. AND RON PETRUCCI

EX-10.2 3 ex102.htm CONTENTS OF ORAL AGREEMENT BETWEEN RON PETRUCCI AND DYNAMIC HYDROCARBONS IN RESPECT TO EMPLOYMENT ARRANGEMENTS REFERENCE DATED JANUARY 1, 2010. ex102.htm

ORAL AGREEMENT

BETWEEN

DYNAMIC HYDROCARBONS LTD.

AND

RON PETRUCCI


RE:                                Employment Arrangement

Reference Date:          1 January 2010

Reference Points:

(a)  
Ron Petrucci has agreed to provide managerial services to Dynamic Hydrocarbons Ltd (“Dynamic”) in the form of fulfilling the roles of President, CFO, and Secretary / Treasurer, which commitment is anticipated to involve the provision of approximately 1 day per week of time;
(b)  
Such services will be provided to Dynamic with no charge until the Effective Date of Dynamic’s S-1 Registration Statement;
(c)  
Subsequent to the Effective Date, Ron Petrucci will be paid a monthly salary of $1,500, which amount will either accrue or be paid in cash based the then current fiscal situation of the Company, with there being a minimum requirement for the Company to have raised a minimum of $75,000 under the Offering in order for the salary to be paid in cash, and;
(d)  
The parties may enter into a written employment agreement upon mutual agreement of terms and conditions at any time subsequent to the Effective date and upon a minimum of $75,000 under the Offering having been raised.