Preview | Phoenix International Ventures, Inc. |

EMPLOYMENT AGREEMENT (this ?Agreement?) made as of this 14th 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 Neev Nissenson, an individual residing at 11a Yehuda Hamacabi St., Herzliya, Israel ("Executive");

WHEREAS, Executive is willing to be employed as a Vice President of Employer in the manner provided for herein, and to perform the duties of a Vice President of Employer upon the terms and conditions herein set forth;

2. Term. Subject to Section 9 and Section 10 below, the term of this Agreement shall be for a period of thirty six (36) 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.

(a) 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 advise the officers and directors of Employer at such times that may be required by Employer. Executive shall report directly and solely to Chief Executive Officer and President.

(b) Executive?s employment by Employer and its affiliates shall be full-time, and during the Term, Executive agrees that he will (i) devote all of his business time and attention, his best efforts, and all his skill and ability to promote the interests of Employer, and if, as, and when requested, the interests of Employer?s affiliates, and (ii) carry out his duties and work with other employees of Employer in a competent and professional manner. To this end, it is contemplated that Executive will be engaged by Phoenix Europe Ventures, Ltd., Employer?s Israeli subsidiary. Notwithstanding the foregoing, Executive, with the consent of Employer, which consent shall not be unreasonably withheld, may engage other business activities.

(a) (i) Executive shall be paid a minimum of (A) $75,000 per year during the first twelve (12) months of the Term; (B) $126,000 per year during the second twelve (12) months of the Term; and (C) not less than $126,000 per year during the third twelve (12) months of the Term. Executive shall be paid periodically in accordance with the policies and procedures of the Employer during the Term, but not less than monthly. In this regard, if Employer does not have sufficient cash flow to pay Executive his compensation that is due and payable hereunder in accordance with this Agreement?s terms, Employer shall so notify Executive of this circumstance and shall be entitled to suspend periodic payments of Executive?s compensation. Executive?s compensation will nevertheless continue to accrue and will be shown on Employer?s books and financial statements as a debt of Employer. When Employer has sufficient cash flow, it shall promptly pay Executive his accrued but unpaid compensation and recommence periodic payments of compensation under this Agreement.