Preview | Employment Agreement |

EMPLOYMENT AGREEMENT

THIS AGREEMENT effective as of the 29th day of August, 2007 (the ?Effective Date?)

BETWEEN:

STAR RESORTS DEVELOPMENT INC., a public company incorporated under the laws of the State of Nevada, with an office at 1221 Brickell Ave., 9^th Floor, Miami, Florida

(the ?Employer?)

OF THE FIRST PART

AND:

ENRIQUE ABAROA MARTINEZ, of 1221 Brickell Ave., 9^th Floor, Miami, Florida

(the ?Executive?)

OF THE SECOND PART

AND:

DAVID CRAVEN, of 1221 Brickell Ave., 9^th Floor, Miami, Florida

(?Mr. Craven?)

OF THE THIRD PART

WHEREAS:

A. WHEREAS the Employer wishes to employ the Executive and the Executive wishes to be employed by the Employer as the Chief Financial Officer of the Employer; and

B. WHEREAS the Employer and the Executive wish to clarify the terms of the Executive?s employment with the Employer.

NOW THEREFORE, THIS AGREEMENT WITNESSETH that in consideration of the mutual covenants herein contained, and for other good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged), the parties hereto agree as follows:

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1.	INTERPRETATION

1.1	In this Agreement:

(a)

the headings have been inserted for convenience of reference only and in no way define, limit, or enlarge the scope or meaning of the provisions of this Agreement;

(b)

all references to any party, whether a party to this Agreement or not, will be read with such changes in number and gender as the context or reference requires; and

(c)

when the context hereof makes it possible, the word ?person? includes in its meaning any firm and any body corporate or politic.

1.2	Unless the context otherwise requires, reference in this Agreement to:

(a)

"Earned Shares" shall mean the number of Shares to which The Executive is entitled to upon termination of the Employment Agreement and is to be computed as follows (in the case of a fractional number of Earned Shares, the Earned Shares will be rounded down to the nearest whole number):


	X	=	Y(A)
			B
where:
X = Earned Shares
Y = 2,000,000 Shares

A = The number of calendar days for which the Employment Agreement was in effect and not terminated during the relevant one year period

B = The number of calendar days in the relevant one year period; and

(b)

?Unearned Shares? shall mean 2,000,000 Shares less the Earned Shares.

2.	EMPLOYMENT, TERM, POSITION, DUTIES, ETC.

2.1 Employment. The Employer hereby employs the Executive and the Executive hereby accepts employment upon the terms and conditions as set out in this Agreement.

2.2 Term. This Agreement will be for an indefinite period and may be terminated by the Executive or the Employer in accordance with Section 5 of this Agreement (the ?Term?).

2.3	Position. The Executive will serve as the Chief Financial Officer of the Employer.

2.4 Duties. The Executive will perform such duties as are assigned to the Chief Financial Officer, including responsibility for all activities regarding the Employer, its subsidiaries, and its

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joint venture companies (collectively, the ?Duties?). The Executive, from time to time, will provide written progress reports, satisfactory in form and content to the Employer, with respect to the Duties.

3.	COMPENSATION

3.1 Salary and Work Commitment. The Employer will pay to the Executive a salary of US $8,000 per month, payable in monthly installments, in arrears, subject to all required tax withholdings, statutory and other deductions (?Base Salary?). The Executive will be required to provide the Duties to the Employer a minimum of five (5) days per week (the ?Time Commitment?).

3.2 Reimbursement of Expenses. The Employer will reimburse the Executive for all reasonable travelling and other expenses actually and properly incurred by him in connection with his Duties hereunder in accordance with the Employer?s policies, provided that such expenses will be subject to annual presentation to the Board of Directors, and such expenses may be subject to further verification by the Audit Committee or the Board of Directors of the Employer. For all such expenses, the Executive will furnish the Employer with such statements, receipts or other reasonable documentation and within the applicable time period as may be reasonably required by the Employer.

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