PHOENIX INTERNATIONAL VENTURES, INC.
EMPLOYMENT AGREEMENT (this “ Agreement ”) made as of this 14 th day of
December, 2006 by and between PHOENIX INTERNATIONAL VENTURES, INC. , a Nevada
corporation, having an office at 2201 Lockheed Way, Carson City, Nevada 89706 (" Employer ") and Teja N.
Shariff , an individual with an address at 388 East Main Street, Branford, CT 06405 (" Executive ");
W I T N E S S E T H:
WHEREAS , Employer desires to employ Executive as the Chief Financial Officer of Employer;
WHEREAS , Executive is willing to be employed as the Chief Financial Officer of Employer in
the manner provided for herein, and to perform the duties of the Chief Financial Officer of Employer upon the
terms and conditions herein set forth;
NOW, THEREFORE , in consideration of the promises and mutual covenants herein set forth it
is agreed as follows:
Employment . Effective the Effective Date (herein defined), Employer hereby employs
Executive as the Chief Financial Officer.
Term . Subject to Section 9 and Section 10 below, the term of this Agreement shall be
for a period of twenty-four (24) months commencing on the Effective Date (the “ Term ”). The Term of this
Agreement shall be automatically extended for additional one (1) year periods, unless either party notifies the
other in writing at least ninety (90) days prior to the expiration of the then existing Term of its intention not to
extend the Term.
The Effective Date shall mean the earlier of (i) ninety (90) days after filing of a registration
statement concerning Employer’s common stock with the Securities and Exchange Commission (“ SEC ”) and
(ii) the SEC’s declaration of the effectiveness of such registration statement.
The Executive shall perform those functions assigned to him from time to time
by the Board and/or the Employer’s Chief Executive Officer and President, and shall be available to confer and
consult with and advi