Employment Agreement between Xethanol Corporation and Franz Skryanz (Vice President, Treasurer & Secretary)

Summary

Xethanol Corporation agrees to employ Franz Skryanz as Vice President, Treasurer, and Secretary for one year starting January 1, 2005, with a salary of $60,000 per year, subject to review after the first quarter. Either party may end the agreement with 10 days' written notice. Mr. Skryanz will be eligible for stock options and must sign a confidentiality and non-competition agreement. This letter will be replaced within 60 days by a more detailed agreement covering job duties and benefits.

EX-10.4 3 e1033718.txt EXHIBIT 10.4 EXHIBIT 10.4 [GRAPHIC OMITTED] 1185 Avenue of the Americas, 20th floor New York, NY 10036 ###-###-#### January 26, 2005 Mr. Franz Skryanz 30 East 81st Street, 4D New York NY 10028 Dear Franz: This letter will confirm the terms of your employment by XETHANOL CORPORATION ("Xethanol"). 1. TITLE You shall be employed by Xethanol as Vice President, Treasurer & Secretary reporting to the Chairman and CEO. 2. SALARY Your salary shall be $60.000 per annum, payable in bi-weekly installments subject to the other terms of this letter. This salary will be reviewed at the end of the first quarter of 2005. 3. TERM You shall be an employee of Xethanol for a period of one year, beginning on January 1 2005. Thereafter, you or Xethanol may terminate this agreement for any reason at any time upon 10 days' prior written notice. At the end of the notice period, your salary will cease. Franz Skryanz - ------------- 4. RESPONSIBILITIES Your responsibilities and duties shall be those ordinarily possessed by a Vice President, Treasurer and Secretary. 5. STOCK OPTIONS Xethanol has established an incentive plan for Its key employees in which you will be eligible to participate. The Incentive plan provides for the grant of stock options under Xethanol's 2005 Stock Option Plan. 6. CONFIDENTIALITY AND NON-COMPETITION AGREEMENT You will be required to execute Xethanol's standard form of Confidentiality and Non-Competition Agreement. 7. SUPERSEDING AGREEMENT This agreement will be superseded within sixty (60) days with a new agreement that will be more comprehensive, provide a more detailed job description and outline your other benefits and level of participation in Xethanol's 2005 Stock Option Plan. Sincerely, XETHANOL CORPORATION By: ---------------------------------- Chris d'Arnaud-Taylor President and Chief Executive Officer Xethanol Corporation _______________________________ ACCEPTED