ex42.htm


    Exhibit
4.2

     

     

     

    EMPLOYMENT
AGREEMENT

     

     

    THIS
EMPOYMENT AGREEMENT, entered into as of October ...7 ... 2007, by and
between:

     

    
      	
              A.  

            	
              the
      Company styled "GEO
      GENESIS
      GROUP, LTD." of
      Majuro,
      Republic of the Marshall Islands (hereinafter referred to as
      "PRINCIPAL"),
      duly
      represented hereto by its authorized Director
      ALBERT
      O. GRANT
      H, pursuant to corporate Resolutions adopted on
      an Extraordinary Meeting of its Board of Directors held on
      .7. October
      2007, and

            


    

    
      	
              B.  

            	
              Mr.
      PHILIP ROGER HOWARD CONNOR III, 610 Park Avenue, Apt 10E, New York,
      NY 10021, USA,

            


    

    (hereinafter
referred to as "EMPLOYEE')

     

    NOW
THEREFORE, in consideration of the
covenants herein contained, the parties agree as follows:

     

    
      	
              1.  

            	
              PRINCIPAL
      offers to EMPLOYEE the position of Executive Director of the PRINCIPAL,
      for a term of five (5) years.

            


    

    
      	
              2.  

            	
              The
      EMPLOYEE will conduct the management of the PRINCIPAL
      on a global basis and will execute the PRINCIPAL's global business
      strategy as set forth by the Board
      of Directors of the PRINCIPAL and
      the original business
plan.

            


    

    
      	
              3.  

            	
              The
      PRINCIPAL will pay to the EMPLOYEE the amount of fifteen thousand
      USDollars
      (US$ 15.000) on a monthly basis as remuneration
      for services
rendered.

            


    

    
      	
              4.  

            	
              As
      a further consideration for the position of Executive Director, the
      EMPLOYEE will
      receive a Cash Bonus of 10% of the PRINCIPAL's consolidated net
      profit
      first year divided equally amongst all Executive Directors of
      the PRINCIPAL.

            


    

    
      	
              5.  

            	
              The
      EMPLOYEE has the right to be allocated between 45% to 60% of
      Founders shares from the PRINCIPAL's related transactional
      clients/star up companies, above allocation
      divided equally amongst all Executive Directors of the
      PRINCIPAL.

            


    

    
      	
              6.  

            	
              The
      EMPLOYEE will be entitled to spend up to seventy five thousand
      USD011ars (US$ 75.000) for Travel and Entertainment expenses,
      subject to original receipts related to the PRINCIPAL's business
      only. AU the Executive Directors
      of the PRINCIPAL shall have the responsibility to unanimously
      approve requests for all expenses/disbursements exceeding five thousand
      USDollars (US$5.000).

            
	7. 	The monthly cash remuneration and the
      aforementioned level of expenses paid, will become
      effective upon the conclusion of a capital
      raise of Two Million USDollars (US$ 2.000.000) or the liquidation
      of certain private equity holdings equaling the aforesaid amount,
      whichever event comes first, all above by the PRINCIPAL, therefore above
      events constitute a Condition Precedent for the validity and effectively
      of
      the present Employment Agreement otherwise if above
      will not occur, the present Employment Agreement
      will become null and void with no
      further
      consequences
      for
      the parties
hereto.


    

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    


     

    
      	
              8.  

            	
              Unless
      the parties otherwise notify
      each
      other in writing of changes of address, all notices
      herein shall be deemed served if hand
      delivered or sent by fax or
      express courier or registered mail to PRINCIPAL and EMPLOYEE at
      their respective addresses
hereinbclow:

            


    

    
      	
              9.  

            	
              Even
      though the
      word "employee" is used, compensation is to be in the form of
      independant contractor status and the employer is NOT subject to any
      payroll tax deductions or requirements in any
  jurisdiction.

            


    

     

    
    

     

    
      	PRINCIPAL	EMPLOYEE	 	 
	GEO GENESIS GROUP. LTD-	PHILIP ROGER
      HOWARD CONNOR III	 	 
	 	In 610 Perk
      Avenue,	 	 
	 	Apt 10E
      Now York -	 	 
	 	NY 20021 USA	 	 
	Phone :	Phone :	 	 
	Fax :	Fax :	 	 


    

     

    IN
WITNESS WHEREOF the parties have executed this EMPLOYMENT AGREEMENT
as of the day and year first above written.

     

    
      
        	PRINCIPAL	EMPLOYEE	 	 
	GEO GENESIS GROUP. LTD-	PHILIP ROGER
      HOWARD CONNOR III	 	 


      

    

     

     

    
      
        	 	 	 
	 	 	 	 
	
                 

              	
                By:
      

              		 
	 	 	ALBERT O. GRANT
    II	 
	 	 	Vice-President/Treiusure/
      Director	 
	 	 	

                Authorised Attorney

              	 


      

    

     

     

     

     

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