Employment Agreement between SUN and Michael Ssebugwawo Muyingo as Director and CEO
This agreement is between SUN, a Wyoming corporation, and Michael Ssebugwawo Muyingo, who is employed as Director and Chief Executive Officer (CEO). Mr. Muyingo will perform the usual duties of these roles and any additional tasks assigned by the Board. He will receive 5,000,000 shares of SUN's common stock as compensation. The agreement can be terminated by either party with 90 days' notice or immediately by the company for cause, such as misconduct or breach of contract. The agreement is governed by Wyoming law and represents the full understanding between the parties.
Exhibit 10.1
EMPLOYMENT AGREEMENT
This Employment Agreement (the “Agreement”) is made and entered into as of this 5th day of September, 2024 (the “Effective Date”) by and between SUN, a Wyoming corporation (“Company”), and Michael Ssebugwawo Muyingo (“Employee”).
1. Employment
Company hereby employs Employee as the Director and Chief Executive Officer (“CEO”), and Employee hereby accepts such employment.
2. Term
This Agreement shall commence on the Effective Date and shall continue until terminated by either party in accordance with the terms hereof.
3. Duties and Responsibilities
Employee shall perform such duties and responsibilities as are customarily associated with the positions of Director and CEO, and such other duties as may be assigned by the Company’s Board of Directors from time to time. Employee shall devote his full time and best efforts to the performance of his duties hereunder.
4. Compensation
In consideration for the services rendered by Employee, Company shall grant to Employee 5,000,000 shares of Company’s common stock.
5. Termination
| · | Without Cause: Either party may terminate this Agreement without cause upon providing at least ninety (90) days' prior written notice to the other party. | |
| · | For Cause: Company may terminate this Agreement for cause immediately upon written notice to Employee. “Cause” shall include, but not be limited to: |
| o | Employee's gross negligence or willful misconduct in the performance of his duties; |
| o | Employee's breach of any material provision of this Agreement; |
| o | Employee's conviction of a felony or any crime involving moral turpitude. |
6. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of Wyoming.
7. Entire Agreement
This Agreement constitutes the entire understanding between the parties and supersedes all prior negotiations and agreements, whether written or oral.
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IN WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date.
SUN
By: SUN - 522 W. Riverside Ave. Suite N, Spokane, WA 99201
Michael Ssebugwawo Muyingo
By: /s/ Michael Ssebugwawo Muyingo
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