Bonus Agreement between Fox Petroleum Inc. and Richard Moore dated May 22, 2008
Fox Petroleum Inc. agrees to pay Richard Moore a bonus of GBP 5,000 and issue 5,000 restricted common shares in recognition of his performance. This agreement outlines the bonus terms and is effective as of May 22, 2008. Both parties have signed to confirm their acceptance of these terms.
BONUS AGREEMENT
THIS AGREEMENT made the 22nd day of May, 2008.
| BETWEEN: | |
| FOX PETROLEUM INC., a company incorporated pursuant to the laws of the State of Nevada, with an office at 64 Knightsbridge, London SW1X 7JF | |
| (the “Employer”) | |
| OF THE FIRST PART | |
| AND: | |
| RICHARD MOORE, of 1115 Finchley Road, London, UK NW11 OQD | |
| (the “Executive”) | |
| OF THE SECOND PART |
WHEREAS:
A. Upon review of the performance of the Executive, it has been determined that it is reasonable in the circumstances and in the best interest of the Employer to pay a bonus to the Executive;
NOW THEREFORE, THIS AGREEMENT WITNESSETH that in consideration of the mutual covenants herein contained, and for other good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged), the parties hereto agree as follows:
1. BONUS
1.1 In consideration of the services performed by the Executive, the Employer hereby agrees to pay a bonus to the Executive in the amount of GBP 5,000 and issue 5,000 restricted common shares in the capital of the Employer.
IN WITNESS WHEREOF. the parties hereto have executed this Bonus Agreement as of the date first written above.
FOX PETROLEUM INC.
| Per: | /s/ Alexander Craven | |
| Authorized Signatory |
| SIGNED, SEALED and DELIVERED by | ) | |
| RICHARD MOORE in the presence of: | ) | |
| ) | ||
| /s/ Alexander Craven | ) | |
| Signature | ) | |
| Alexander Craven | ) | /s/ Richard Moore |
| Print Name | ) | RICHARD MOORE |
| Apartment 4, 12 Stanhope Mews West | ) | |
| Address | ) | |
| South Kensington London SW7 5RB | ) | |
| ) | ||
| Company Director | ) | |
| Occupation | ) |
