Exhibit 10.04


 


Eurosport
Active or Corp.


 


Employment
Contract


 


This
Agreement, dated as of January 1, 2012 (the “Effective Date”), is made and entered into by and between Eurosport
Active World Corp. (“EAWC”), a Florida corporation having its mailing address at 3250 Mary Street, Suite 303,
Miami, FL 33133, and Irma Velazquez, MSc (“IV”), having his business address at Chemin du Communet 10C —
Gland- Vaud. Switzerland.


 


WITNESSETH


 


WHEREAS,
EAWC wishes IV to serve as its Chief Operations Officer (COO), and IV wishes to serve in such a capacity; and


 


WHEREAS,
the parties desire to set forth in writing the terms pursuant to which  IV shall serve as COO of EAWC.


 


In
consideration of the foregoing premises and the mutual covenants and promises set forth below, the parties agree as follows:


 


	 	1.	Engagement.
    EAWC hereby engages COO to serve as EAWC’s COO, and IV hereby accepts such engagement.




 


		2.	Term. Unless
                                                                                                                                                                                                                                                        earlier terminated pursuant to paragraph 5 below, this Agreement shall have a term of five (10) years, commencing January 1,
                                                                                                                                                                                                                                                        2012, and expiring December 31, 2022. At the end of the initial term. and each subsequent renewal term, this Agreement
                                                                                                                                                                                                                                                        shall automatically be renewed for successive one (1) year terms, unless either party shall give at least ninety (90) days
                                                                                                                                                                                                                                                        written notice to the other party of its intent not to renew this Agreement.



 



		3.	Duties.
                                         IV shall perform all of the duties usually and customarily performed by the COO of
                                         a company engaged in the business of developing green technologies
                                         and within the Law & Rules of a public traded Corporation of the USA.
	 	 	 
	 	4.	Compensation.
As compensation for the performance of his duties pursuant to this Agreement, IV shall be tendered 2,200,000 share options
of EAWC common shares in accordance with the Non-Qualified Stock Option Agreement dated January 1, 2012. Such compensation may
be increased or changed at any time during the term of this Agreement by the affirmative vote of EAWC’s Board of Directors
and the full written agreement of IV If EAWC enters into any agreement,
or by any other circumstance, wherein there a change of control in the ownership or management of the Company, any remaining of
this EAWC shares options that arc being pledged in this agreement to IV, and have not as yet achieved the status of being exercisable,
will become immediately exercisable. The annual salary for the COO
position is fixed for the first year with $125,000 p.a. The second year it will increase to $150,000 p.a. Any increase for the
remaining years has to be a subject of approval from the Board.



 



 






    


     

    

  


		5.	Termination.
                                         EAWC may terminate this Agreement upon written notice to IV for “cause”. For
                                         purposes of this Agreement, cause shall mean:



 


	 	i.	Actions
                                         or omissions by IV in connection with the performance of his duties hereunder which
                                         constitute fraud, dishonesty or willful misconduct;
	 	ii.	Conviction
                                         of IV of a felony;
	 	iii.	IV’s
                                         breath of a material provision of this Agreement which continues uncured for thirty (30)
                                         days after written notice to IV of such breach;
	 	iv.	IV’s
                                         inability to perform his duties hereunder due to death or disability.



  


		6.	Assignment.
                                         IV cannot assign this contract to anyone else WITHOUT approval of the Board. Only a majority
                                         of the Board can take actions against the COO at all.



 





	 	7.	Waiver.
    Waiver of any provision or breach hereof in any instance shall not be deemed a waiver of any other or future breach of
    the same provision or of any other provision or of the entire Agreement.
	 	 	 
	 	8.	Severability.
    The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability
    of the other provisions thereof.
	 	 	 
	 	9.	Governing
    Law. This Agreement shall be interpreted and construed in accordance with the laws of the State of Florida, United
    States of America.
	 	 	 
	 	10.	Entire
    Agreement. This Agreement constitutes the entire understanding of the parties on the subject matter hereof, supersedes
    all prior written or oral understandings and may not be modified or amended, except in writing, and duty executed by authorized
    representatives of the respective parties.




 







IN WITNESS
WHEREOF, the parties hereto have caused this Agreement to be executed by their duly authorized representatives as of the
day an year first above written:


 





	 	EUROSPORT ACTIVE WORLD CORP.	 	 
	 	 	 	 	 
	 	By:	/s/ Ralph M. Hofmeier	 	/s/ Irma Velazquez
	 	 	Ralph M. Hofmeier, CEO	 	Irma Velazquez, MSc