Exhibit 5.2

EMPLOYMENT AGREEMENT

Witnesseth hereby the Employment Agreement for an indefinite term (hereinafter **"the Agreement"**),****entered into by and between Pure Biofuels del Perú S.A.C., with Single Taxpayer's Registry No 0513251506, registered in Electronic Item No 11889878 of the Registry of Legal Entities of Lima, domiciled at Calle Eucharis No 150, Urbanización La Floresta de Monterrico, Santiago de Surco, duly represented by Mr. Luis Humberto Goyzueta Angobaldo, identified by National Identity Document No 10609920, in his capacity as General Manager, as per powers of attorney recorded in Entry A0001 of said Item (hereinafter the **"PBP"**), as party to the first part, and Mr. Gustavo Adolfo Goyzueta Angobaldo, identified by National Identity Document No 40211182, domiciled at  Calle Mastil 551- 102, Urbanizacion Las Lagunas, La Molina, Lima, born in Caracas, Venezuela, a Peruvian citizen, male, married, businessman (hereinafter the **"Employee"**), as party to the other part. Both parties are jointly referred to as the **"Parties".**This agreement is entered into under the following terms and conditions:

ONE: 		Recitals

1.1       **PBP**is a corporation duly organized under the laws of theRepublic of Peru that is engaged, among others, in the purchase, sale,production, distribution, commercialization, transport, storage, mixture, exportand import of every type of products that derive from hydrocarbons and biofuels,whether solid, liquid or gaseous, including, but not limited to, gasolines,lubricants, solvents, industrial fuels, maritime fuels, aviation fuels and, ingeneral, every kind of products derived from hydrocarbons, without restrictionor limitation, and to such effect, a trained professional worker must be hiredto hold the position of Finance and Administrative Manager. 

1.2      The **Worker**is a professional who has the skills and experiencerequired to render the services subject matter hereof and represents that he isqualified for the job and can undertake the duties and responsibilities inherentin the position assigned to him. The **Worker**represents that he is awareof said duties and commits himself to comply with them. 

1.3      The **Worker**agrees to fully devote his skills to the performanceof the job subject matter hereof, committing himself to carry out them accordingto the regulations, practices and policies of **PBP**, which he represents toknow and commits himself to faithfully comply with. 

1.4      Likewise, the **Worker**represents to know that the servicessubject matter hereof shall be provided by him on a full-time and exclusivebasis. 

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**TWO:  	**Purpose of the Agreement**
Pursuant to the labor legislation in force, **PBP**hereby retains the professional services of the **Worker**, which shall be developed under an employment agreement in exchange for a compensation agreed under Clause Six.
**THREE: 	**Rendering of Services**
3.1      The **Worker**shall perform his duties as Finance andAdministrative Manager; however, **PBP**shall be entitled to make anyreasonable change therein based on the skills and talents of the **Worker**and the needs and requirements of **PBP**, and those changes shall not resultin a reduction of his category and/or compensation. 

3.2      It is understood that the services shall be rendered on a personalbasis and the **Worker**may not be replaced or helped by any other person.
**FOUR: 	Working Place and Working Hours

4.1       The **Worker** shall provide his services at the working placedesignated by **PBP**, during the working hours in force at said workingplace, and may be transferred to other places in the country or abroad to complywith his duties. 

4.2      **PBP**represents that the **Worker**is qualified for the joband the **Worker**accepts that, pursuant to Article 43 of the ConsolidatedAmended Text of the Employment Productivity and Competitiveness Act, approved bymeans of Supreme Decree No 003-97-TR, the position to be filled byhim is a top and trustworthy position. 
**FIVE:		**Term**
The **Parties**agree that the **Agreement**shall be in full force and effect for an indefinite term that shall come into effect on September 1, 2006.
**SIX:		**Compensation**
As consideration for the services to be rendered, **PBP**shall pay to the **Worker**a monthly gross compensation for US$5,000.00 (Five Thousand US Dollars).
**SEVEN:	Probationary Period

The **Parties**agree that pursuant to Article 10 of the Consolidated Amended Text of the Employment Productivity and Competitiveness Act, approved by means of Supreme Decree No 003-97-TR, the **Worker**shall be subject to a probationary period of six (6) months.

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****EIGHT:	**Life Insurance and Medical Family Insurance
PBP shall take out in favor of the **Worker**the life insurance referred to in Article 1 of the Act for the Consolidation of Social Benefits, approved by means of Legislative Decree No 688, once the applicable legal requirements have been met, as well as a medical family insurance.
**NINE:		**Exclusiveness**
The **Parties** agree that as long as the labor relationship continues, the **Worker**shall provide his services to **PBP**on an exclusive basis and shall not be allowed to have any other job at another company for any reason or under any circumstance whatsoever.
**TEN: 		**Non-Competitiveness**
The **Parties**agree that in case the labor relationship between **PBP**and the **Worker**is extinguished, in order to protect the interests of **PBP,**the **Worker**shall not work for any other company engaged in the same economic activities of **PBP**or competing, directly or indirectly, with the company, for a period of no less than one (1) year.
**ELEVEN:	Confidentiality

11.1   The **Worker**is hereby authorized to have access to confidentialinformation of **PBP.**Likewise, the **Worker**has the duty to inform **PBP**about every work beyond business hours, provided that said work isrelated to the activities or operations of **PBP,**including discoveries orinventions. 

11.2    **PBP** shall be entitled to obtain the benefits from every patent,among others, resulting from the **Worker's**performance of his duties. 

11.3    As a result of the confidentiality agreement, the **Worker**shall beobliged to keep completely and absolutely confidential, for more than one (1)year from the termination of the **Agreement**, every type of informationrelated to **PBP's**activities to which he may have had access as aconsequence of this **Agreement**, and the use of said information andknowledge for himself or for third parties shall be prohibited during saidperiod. 

11.4    Non-compliance with this obligation shall result, in addition to theapplicable labor and criminal punishments, in the payment of a compensation fordamage to **PBP**. 

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****TWELVE:	**Obligations of the Worker**
12.1    The **Worker**commits himself to comply with his duties of loyaltyand efficiency, using to such effect his skills and experience and seeing to theinterests of **PBP.** Likewise, he shall exercise the duties inherent in hisposition diligently and in a responsible manner. 

12.2   The **Worker**also commits himself to keep in secret everyinformation that may come to his knowledge in relation to the business of **PBP**,its associated companies and/or its clients. This obligation shall continue infull force and effect even after the labor relationship has finished and itsnon-compliance shall result in the applicable compensation for damage,notwithstanding any criminal prosecution for the crime contemplated underArticle 165 of the Criminal Code. 
**TWELVE:	Obligations of PBP

In addition to its legal obligations, **PBP** commits itself to provide the **Worker**with any necessary leave he may request for training and/or updating purposes, for a period not to exceed 20 hours per week, and the periods of those leaves shall be made up after the regular working period. **PBP** may exempt the **Worker**from making up those periods and assume, in whole or in part, the cost of such training and/or updating.
**THIRTEEN:	Domicile and Jurisdiction

13.1    The **Parties,**if the case may be, waive the jurisdiction of theirdomiciles and expressly submit themselves to the jurisdiction of the Judges andCourts of the judicial district of Cercado de Lima to settle any disagreement orconflict that may arise between them in relation to the interpretation,compliance, enforcement or any other aspect related to this Agreement. 

13.2    ikewise, the **Parties**represent that their addresses are thoseappearing in the introduction hereof, so any notice served at those addressesshall  be deemed valid, provided that a change of address has not been notifiedat least three (3) business days before. 
**FOURTEEN:	**Supplementary Application of Law**
14.1    This Agreement shall be governed by the laws of the Republic of Peru.

14.2    As regards everything not expressly contemplated hereunder, the rulesgoverning the labor system of private activity shall be applied on asupplementary basis and, otherwise, the provisions of the Civil Code shallapply. 

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In witness whereof, the parties hereunto set their hands in the city of Lima on September 1, 2006, in three counterparts:

(illegibly signed)**********************************