Document:

Exhibit 10.11

Exhibit 10.11

MEXORO MINERALS LTD.

September 21, 2009

Mr. Manuel Flores

[Address Line]

Re: Employment Terms

Dear Mr. Flores:

On behalf of Mexoro Minerals Ltd. (the “Company”), I am pleased to offer you employment in the
position of Operations Manager, reporting to directly to me, the Company’s President. This letter
sets out the terms of your employment with Company, which will start on September 21, 2009, should
you accept this offer.

If you decide to join us, your initial salary will be $5,000.00 (U.S.) per month (which
annualizes to $60,000.00 per year), less applicable tax and other withholdings, paid in accordance
with Company’s normal payroll practices. Future adjustments in compensation, if any, will be made
by Company in its sole and absolute discretion. This position is an exempt position, which means
you are paid for the job and not by the hour. Accordingly, you will not receive overtime pay if
you work more than 8 hours in a workday or 40 hours in a workweek.

If you accept this offer, your employment with Company will be “at will.” This means it is
not for any specific period of time and can be terminated by you at any time for any reason.
Likewise, Company can terminate the employment relationship at any time, with or without cause or
advance notice. In addition, Company reserves the right to modify your compensation, position,
duties or reporting relationship to meet business needs and use its managerial discretion in
deciding on appropriate discipline.

You agree to hold all Confidential Information of the Company in confidence and to not
disclose, use, copy, publish, summarize, or remove from the premises of the Company any
Confidential Information, except as necessary to carry out your assigned responsibilities to the
Company. In the event you are required to disclose any Confidential Information pursuant to law or
government regulation, you will promptly notify the Company in order to allow the Company the
maximum time to obtain protective or confidential treatment of the Confidential Information before
it is disclosed. “Confidential Information” is all information related to any aspect of the
Company’s business which is either information not known by actual or potential competitors of the
Company or is proprietary information of the Company, whether of a technical nature or otherwise.
Confidential Information is to be broadly defined and includes, but is not limited to, trade
secrets, copyrights, ideas, techniques, know-how, inventions (whether patentable or not), and/or
any other information of any type relating to business plans, past or future financing, marketing,
forecasts, pricing, customers, the salaries, duties, qualifications, performance levels, and terms
of compensation of other employees, and/or cost or other financial data concerning any of the
foregoing or the Company and its operations generally. Confidential Information does not include
information that: (i) is or later becomes available to the public through no breach of this
Agreement by you; (ii) is obtained by you from a third party who had the legal right to disclose
the information to you; or (iii) was developed by you independent of the performance of the
services to the Company.

 

 

 

You agree to safeguard and keep confidential the proprietary information of customers,
vendors, consultants, and other parties with which the Company does business to the same extent as
if it were Company Confidential Information. You also agree not to use or disclose to the Company
any confidential, trade secret, or other proprietary information or material of any previous
employer or other person, and will not bring onto the Company’s premises any unpublished document
or any other property belonging to any former or current employer without the written consent of
that former or current employer. All papers, records, data, notes, drawings, files, documents,
samples, devices, products, equipment, and other materials, including copies and in whatever form,
relating to the business of the Company that you possess or create as a result of your service to
the Company, whether or not confidential, are the sole and exclusive property of the Company. In
the event of the termination of your service to the Company, you will promptly deliver all such
materials to the Company.

In the event of any dispute or claim relating to or arising out of your employment
relationship with Company, this agreement, or the termination of your employment with Company for
any reason (including, but not limited to, any claims of breach of contract, defamation, wrongful
termination or age, sex, sexual orientation, race, color, national origin, ancestry, marital
status, religious creed, physical or mental disability or medical condition or other
discrimination, retaliation or harassment), you and Company agree that all disputes shall be fully
resolved by confidential, binding arbitration conducted by a single neutral arbitrator in San
Diego, California through the American Arbitration Association (“AAA”) pursuant to the AAA’s
Employment Arbitration Rules, which are available at the AAA’s website at www.adr.org or by
requesting a copy from the President of the Company. The arbitrator shall permit adequate
discovery and is empowered to award all remedies otherwise available in a court of competent
jurisdiction and any judgment rendered by the arbitrator may be entered by any court of competent
jurisdiction. The arbitrator shall issue an award in writing and state the essential findings and
conclusions on which the award is based. To the fullest extent permitted by applicable law, by
signing this letter, you and Company both waive the rights to have any disputes or claims tried
before a judge or jury.

This letter constitutes the entire agreement between you and Company regarding the terms and
conditions of your employment, and supersedes all negotiations, representations or agreements,
whether prior or contemporaneous, written or oral, between you and Company on this subject. The
provisions of this agreement regarding “at will” employment and arbitration may only be modified by
a document signed by you and an authorized representative of Company.

Please sign and date this letter on the spaces provided below to acknowledge your acceptance
of Company’s offer on the terms set forth in this letter.

	 	 	 	 	 	 	 
	 	 	Sincerely,	 	 
	 
	 	 	 	 	 	 
	 	 	Mexoro Minerals Ltd.	 	 
	 
	 	 	 	 	 	 
	 
	 	By:	 	/s/ Barry Quiorz

Barry Quiorz

President
	 	 
	 

	 	 	 

I agree to and accept employment with Mexoro Minerals Ltd. on the terms and conditions set
forth in this agreement. I understand and agree that my employment with Company is at-will.

	 	 	 	 	 
	Date: September 21, 2009
	 	/s/ Manuel Flores
	 	 
	 	 	Manuel FloresExhibit 10.12

Exhibit 10.12

MEXORO MINERALS LTD.

September 21, 2009

Mr. George Young

[Address Line]

Re: Employment Terms

Dear Mr. Young:

On behalf of Mexoro Minerals Ltd. (the “Company”), I am pleased to offer you employment in the
position of Chief Operations Officer, reporting directly to me, the Company’s President. This
letter sets out the terms of your employment with Company, which will start on September 21, 2009,
should you accept this offer.

If you decide to join us, your initial salary will be $10,000.00 (U.S.) per month (which
annualizes to $120,000.00 per year), less applicable tax and other withholdings, paid in accordance
with Company’s normal payroll practices. Future adjustments in compensation, if any, will be made
by Company in its sole and absolute discretion. This position is an exempt position, which means
you are paid for the job and not by the hour. Accordingly, you will not receive overtime pay if
you work more than 8 hours in a workday or 40 hours in a workweek.

Subject to the approval of Company’s Board of Directors, you will be granted an option to
purchase 1,000,000 shares of Company common stock in accordance with Company’s 2009 Nonqualified
Stock Option Plan (the “Plan”) and related option documents. You will be required to sign
Nonqualified Stock Option Agreement (the “Agreement”) and your option will be subject to the terms
and conditions of the Plan and the Agreement. Your option will vest over a period of two years,
with 25% of the option shares vesting on each six-month anniversary of September 21, 2009.

If you accept this offer, your employment with Company will be “at will.” This means it is
not for any specific period of time and can be terminated by you at any time for any reason.
Likewise, Company can terminate the employment relationship at any time, with or without cause or
advance notice. In addition, Company reserves the right to modify your compensation, position,
duties or reporting relationship to meet business needs and use its managerial discretion in
deciding on appropriate discipline.

You agree to hold all Confidential Information of the Company in confidence and to not
disclose, use, copy, publish, summarize, or remove from the premises of the Company any
Confidential Information, except as necessary to carry out your assigned responsibilities to the
Company. In the event you are required to disclose any Confidential Information pursuant to law or
government regulation, you will promptly notify the Company in order to allow the Company the
maximum time to obtain protective or confidential treatment of the Confidential Information before
it is disclosed. “Confidential Information” is all information related to any aspect of the
Company’s business which is either information not known by actual or potential competitors of the
Company or is proprietary information of the Company, whether of a technical nature or otherwise.
Confidential Information is to be broadly defined and includes, but is not limited to, trade
secrets, copyrights, ideas, techniques, know-how, inventions (whether patentable or not), and/or
any other information of any type relating to business plans, past or future financing, marketing,
forecasts, pricing, customers, the salaries, duties, qualifications, performance levels, and terms
of compensation of other employees, and/or cost or other financial data concerning any of the
foregoing or the Company and its operations generally. Confidential Information does not include
information that: (i) is or later becomes available to the public through no breach of this
Agreement by you; (ii) is obtained by you from a third party who had the legal right to disclose
the information to you; or (iii) was developed by you independent of the performance of the
services to the Company.

 

 

 

You agree to safeguard and keep confidential the proprietary information of customers,
vendors, consultants, and other parties with which the Company does business to the same extent as
if it were Company Confidential Information. You also agree not to use or disclose to the Company
any confidential, trade secret, or other proprietary information or material of any previous
employer or other person, and will not bring onto the Company’s premises any unpublished document
or any other property belonging to any former or current employer without the written consent of
that former or current employer. All papers, records, data, notes, drawings, files, documents,
samples, devices, products, equipment, and other materials, including copies and in whatever form,
relating to the business of the Company that you possess or create as a result of your service to
the Company, whether or not confidential, are the sole and exclusive property of the Company. In
the event of the termination of your service to the Company, you will promptly deliver all such
materials to the Company.

In the event of any dispute or claim relating to or arising out of your employment
relationship with Company, this agreement, or the termination of your employment with Company for
any reason (including, but not limited to, any claims of breach of contract, defamation, wrongful
termination or age, sex, sexual orientation, race, color, national origin, ancestry, marital
status, religious creed, physical or mental disability or medical condition or other
discrimination, retaliation or harassment), you and Company agree that all disputes shall be fully
resolved by confidential, binding arbitration conducted by a single neutral arbitrator in San
Diego, California through the American Arbitration Association (“AAA”) pursuant to the AAA’s
Employment Arbitration Rules, which are available at the AAA’s website at www.adr.org or by
requesting a copy from the President of the Company. The arbitrator shall permit adequate
discovery and is empowered to award all remedies otherwise available in a court of competent
jurisdiction and any judgment rendered by the arbitrator may be entered by any court of competent
jurisdiction. The arbitrator shall issue an award in writing and state the essential findings and
conclusions on which the award is based. To the fullest extent permitted by applicable law, by
signing this letter, you and Company both waive the rights to have any disputes or claims tried
before a judge or jury.

This letter constitutes the entire agreement between you and Company regarding the terms and
conditions of your employment, and supersedes all negotiations, representations or agreements,
whether prior or contemporaneous, written or oral, between you and Company on this subject. The
provisions of this agreement regarding “at will” employment and arbitration may only be modified by
a document signed by you and an authorized representative of Company.

Please sign and date this letter on the spaces provided below to acknowledge your acceptance
of Company’s offer on the terms set forth in this letter.

	 	 	 	 	 	 	 
	 	 	Sincerely,	 	 
	 
	 	 	 	 	 	 
	 	 	Mexoro Minerals Ltd.	 	 
	 
	 	 	 	 	 	 
	 
	 	By:
	 	/s/ Barry Quiorz

Barry Quiorz

President
	 	 

 

 

 

I agree to and accept employment with Mexoro Minerals Ltd. on the terms and conditions set
forth in this agreement. I understand and agree that my employment with Company is at-will.

	 	 	 	 	 
	Date: September 21, 2009
	 	/s/ George Young	 	 
	 	 	George Young

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