Dynamic Hydrocarbons Ltd. - FORM S-1/A - EX-10.2 - CONTENTS OF ORAL AGREEMENT BETWEEN RON PETRUCCI AND DYNAMIC HYDROCARBONS IN RESPECT TO EMPLOYMENT ARRANGEMENTS REFERENCE DATED JANUARY 1, 2010. - June 2, 2010

Attached files

file filename
S-1/A - FORM S-1/A-2 - Dynamic Hydrocarbons Ltd.forms1a.htm
EX-5.1 - LEGAL OPINION & CONSENT OF ATTORNEY - Dynamic Hydrocarbons Ltd.ex51.htm
EX-10.3 - CONTENTS OF ORAL AGREEMENT BETWEEN RON PETRUCCI AND DYNAMIC HYDROCARBONS IN RESPECT TO WORKING CAPITAL FUNDING REFERENCE DATED FEBRUARY 12, 2010. - Dynamic Hydrocarbons Ltd.ex103.htm
EX-10.4 - ENGAGEMENT AGREEMENT BETWEEN THE COMPANY AND INTERNATIONAL SECURITIES GROUP INC. DATED DECEMBER 9, 2009 - Dynamic Hydrocarbons Ltd.ex104.htm
EX-23.1 - CONSENT OF INDEPENDENT AUDITOR - Dynamic Hydrocarbons Ltd.ex231.htm

ORAL AGREEMENT

BETWEEN

DYNAMIC HYDROCARBONS LTD.

AND

RON PETRUCCI


RE:                                Employment Arrangement

Reference Date:          1 January 2010

Reference Points:

(a)  
Ron Petrucci has agreed to provide managerial services to Dynamic Hydrocarbons Ltd (“Dynamic”) in the form of fulfilling the roles of President, CFO, and Secretary / Treasurer, which commitment is anticipated to involve the provision of approximately 1 day per week of time;
(b)  
Such services will be provided to Dynamic with no charge until the Effective Date of Dynamic’s S-1 Registration Statement;
(c)  
Subsequent to the Effective Date, Ron Petrucci will be paid a monthly salary of $1,500, which amount will either accrue or be paid in cash based the then current fiscal situation of the Company, with there being a minimum requirement for the Company to have raised a minimum of $75,000 under the Offering in order for the salary to be paid in cash, and;
(d)  
The parties may enter into a written employment agreement upon mutual agreement of terms and conditions at any time subsequent to the Effective date and upon a minimum of $75,000 under the Offering having been raised.