Unassociated Document


    
      


      EMPLOYMENT
        AGREEMENT

      


      


      This
        Employment Agreement (this "Agreement") is made effective as of May 21, 2007,
        by
        and between Cavico Corp ("Cavico"), of 17011 Beach Blvd, Suite 1230, Huntington
        Beach, California, 92647 and Chi Edward K ("Chi").

      


      A.
        Cavico
        is engaged in the business of Construction.Chi will primarily perform the
        job
        duties at the following location: 17011 Beach Blvd, Suite 1230, Huntington
        Beach, California.

      


      B.
        Cavico
        desires to have the services of Chi.

      


      C.
        Chi is
        willing to be employed by Cavico.

      


      Therefore,
        the parties agree as follows:

      


      1.
        EMPLOYMENT.
        Cavico
        shall employ Chi as a(n) Vice President.Chi shall provide to Cavico the services
        described on the attached Exhibit A, which is made a part of this Agreement
        by
        this reference. Chi accepts and agrees to such employment, and agrees to
        be
        subject to the general supervision, advice and direction of Cavico and Cavico's
        supervisory personnel.Chi shall also perform (i) such other duties as are
        customarily performed by an employee in a similar position, and (ii) such
        other
        and unrelated services and duties as may be assigned to Chi from time to
        time by
        Cavico. 

      


      2.
        BEST EFFORTS OF EMPLOYEE.
        Chi
        agrees to perform faithfully, industriously, and to the best of Chi's ability,
        experience, and talents, all of the duties that may be required by the express
        and implicit terms of this Agreement, to the reasonable satisfaction of Cavico.
        Such duties shall be provided at such place(s) as the needs, business, or
        opportunities of Cavico may require from time to time. 

      


      3.
        COMPENSATION OF EMPLOYEE.
        As
        compensation for the services provided by Chi under this Agreement, Cavico
        will
        pay Chi an annual salary of $50,000.00 payable monthly on the first day of
        each
        month. Upon termination of this Agreement, payments under this paragraph
        shall
        cease; provided, however, that Chi shall be entitled to payments for periods
        or
        partial periods that occurred prior to the date of termination and for which
        Chi
        has not yet been paid, and for any commission earned in accordance with Cavico's
        customary procedures, if applicable. Accrued vacation will be paid in accordance
        with state law and Cavico's customary procedures. This section of the Agreement
        is included only for accounting and payroll purposes and should not be construed
        as establishing a minimum or definite term of employment. 

      


      4.
        EXPENSE REIMBURSEMENT. Cavico
        will reimburse Chi for "out-of-pocket" expenses incurred by Chi in accordance
        with Cavico's policies in effect from time to time. 

       

      
        
          
          

        

        
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      5.
        RECOMMENDATIONS FOR IMPROVING OPERATIONS.
        Chi
        shall provide Cavico with all information, suggestions, and recommendations
        regarding Cavico's business, of which Chi has knowledge, that will be of
        benefit
        to Cavico.

      


      6.
        CONFIDENTIALITY.
        Chi
        recognizes that Cavico has and will have information regarding the
        following:

      -
        inventions

      -
        products

      -
        product
        design

      -
        processes

      -
        technical matters

      -
        trade
        secrets

      -
        copyrights

      -
        customer lists

      -
        prices

      -
        costs

      -
        discounts

      -
        business affairs

      -
        future
        plans

      and
        other
        vital information items (collectively, "Information") which are valuable,
        special and unique assets of Cavico. Chi agrees that Chi will not at any
        time or
        in any manner, either directly or indirectly, divulge, disclose, or communicate
        any Information to any third party without the prior written consent of Cavico.
        Chi will protect the Information and treat it as strictly confidential. A
        violation by Chi of this paragraph shall be a material violation of this
        Agreement and will justify legal and/or equitable relief. 

      


      7. UNAUTHORIZED
        DISCLOSURE OF INFORMATION.
        If it
        appears that Chi has disclosed (or has threatened to disclose) Information
        in
        violation of this Agreement, Cavico shall be entitled to an injunction to
        restrain Chi from disclosing, in whole or in part, such Information, or from
        providing any services to any party to whom such Information has been disclosed
        or may be disclosed. Cavico shall not be prohibited by this provision from
        pursuing other remedies, including a claim for losses and damages. 

      


      8. CONFIDENTIALITY
        AFTER TERMINATION OF EMPLOYMENT.
        The
        confidentiality provisions of this Agreement shall remain in full force and
        effect for a 1 year period after the termination of Chi's employment. During
        such 1 year period, neither party shall make or permit the making of any
        public
        announcement or statement of any kind that Chi was formerly employed by or
        connected with Cavico. 

      


      


      9.
        VACATION.
        Chi
        shall be entitled to 14 of paid vacation for each completed year of employment.
        Such vacation must be taken at a time mutually convenient to Cavico and Chi,
        and
        must be approved by Cavico. Requests for vacation shall be submitted to Chi's
        immediate supervisor 14 days in advance of the requested beginning date.
        

      


      The
        provisions of this Vacation section are subject to change in accordance with
        Cavico policies in effect from time to time.

       

      
        
          
          

        

        
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      10.
        SICK LEAVE. Chi
        shall
        be entitled to 6 day(s) paid time, due to illness or for personal business,
        for
        each year of employment, with the year to be measured using Chi's starting
        date
        as the point of beginning. Unused sick leave benefits as of December 31 of
        each
        year may be converted into cash compensation at a rate of $25.00 per hour.
        Sick
        leave may be accumulated from year to year up to a total of 6 days; excess
        amounts shall be forfeited. 

      


      All
        requests for sick days off shall be made by Chi in accordance with Cavico
        policies in effect from time to time. 

      


      The
        provisions of this Sick Leave section are subject to change in accordance
        with
        Cavico policies in effect from time to time.

      


      11.
        PERSONAL LEAVE. Chi
        shall
        be entitled to 6 day(s) unpaid time, for personal business or due to illness,
        for each year of employment, with the year to be measured using Chi's starting
        date as the point of beginning. Personal leave benefits may not be converted
        into cash compensation. Chi's rights to unused personal leave benefits shall
        be
        forfeited upon termination of employment. Personal leave may not be accumulated
        from year to year; unused benefits shall be forfeited. 

      


      All
        requests for personal days off shall be made by Chi in accordance with Cavico
        policies in effect from time to time.

      


      The
        provisions of this Personal Leave section are subject to change in accordance
        with Cavico policies in effect from time to time.

      


      12.
        HOLIDAYS. Chi
        shall
        be entitled to the following holidays with pay during each calendar year:
        

      -
        New
        Year's Day

      -
        Memorial Day

      -
        4th of
        July

      -
        Labor
        Day

      -
        Thanksgiving Day

      -
        Christmas Day

      


      The
        provisions of this Holidays section are subject to change in accordance with
        Cavico policies in effect from time to time.

      


      13.
        INSURANCE BENEFITS.
        Chi
        shall be entitled to insurance benefits, in accordance with Cavico's applicable
        insurance contract(s) and policies, and applicable state law. These benefits
        shall include:

      -
        health
        insurance

      -
        disability insurance

      -
        life
        insurance

      


      The
        provisions of this Insurance Benefits section are subject to change in
        accordance with Cavico policies in effect from time to time.

      


      Chi
        shall
        be able to participate in Cavico's pension plan in accordance with the plan's
        terms and the requirements of law. 

       

      
        
          
          

        

        
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      14.
        TERM/TERMINATION.
        Chi's
        employment under this Agreement shall be for an unspecified term on an "at
        will"
        basis. This Agreement may be terminated by Cavico upon 30 days written notice,
        and by Chi upon 30 days written notice. If Chi is in violation of this
        Agreement, Cavico may terminate employment without notice and with compensation
        to Chi only to the date of such termination. The compensation paid under
        this
        Agreement shall be Chi's exclusive remedy. 

      


      15.
        TERMINATION FOR DISABILITY.
        Cavico
        shall have the option to terminate this Agreement, if Chi becomes permanently
        disabled and is no longer able to perform the essential functions of the
        position with reasonable accommodation. Cavico shall exercise this option
        by
        giving 30 days written notice to Chi.

      


      16.
        COMPLIANCE WITH EMPLOYER'S RULES.
        Chi
        agrees to comply with all of the rules and regulations of Cavico.

      


      17.
        RETURN OF PROPERTY. Upon
        termination of this Agreement, Chi shall deliver to Cavico all property which
        is
        Cavico's property or related to Cavico's business (including keys, records,
        notes, data, memoranda, models, and equipment) that is in Chi's possession
        or
        under Chi's control. Such obligation shall be governed by any separate
        confidentiality or proprietary rights agreement signed by Chi.

      


      18.
        NOTICES. All
        notices required or permitted under this Agreement shall be in writing and
        shall
        be deemed delivered when delivered in person or on the third day after being
        deposited in the United States mail, postage paid, addressed as
        follows:

      


      


      Employer:

      


      Cavico
        Corp

      Ha
        Quang
        Bui

      CEO
&
        CChirman

      17011
        Beach Blvd, Suite 1230

      Chitington
        Beach, California 92647 

      


      Employee:

      


      Chi
        Edward K

      


      Such
        addresses may be changed from time to time by either party by providing written
        notice in the manner set forth above.

      


      19.
        ENTIRE AGREEMENT. This
        Agreement contains the entire agreement of the parties and there are no other
        promises or conditions in any other agreement whether oral or written. This
        Agreement supersedes any prior written or oral agreements between the
        parties.

      


      20.
        AMENDMENT. This
        Agreement may be modified or amended, if the amendment is made in writing
        and is
        signed by both parties.

       

      
        
          
          

        

        
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      21.
        SEVERABILITY. If
        any
        provisions of this Agreement shall be held to be invalid or unenforceable
        for
        any reason, the remaining provisions shall continue to be valid and enforceable.
        If a court finds that any provision of this Agreement is invalid or
        unenforceable, but that by limiting such provision it would become valid
        or
        enforceable, then such provision shall be deemed to be written, construed,
        and
        enforced as so limited.

      


      22.
        WAIVER OF CONTRACTUAL RIGHT. The
        failure of either party to enforce any provision of this Agreement shall
        not be
        construed as a waiver or limitation of that party's right to subsequently
        enforce and compel strict compliance with every provision of this
        Agreement.

      


      23.
        APPLICABLE LAW. This
        Agreement shall be governed by the laws of the State of California.

      


      


      EMPLOYER:

      Cavico
        Corp

      


      

        
          	
                  By: 
                    

                	
                  
                    /s/
                      Ha Quang Bui

                  

                	 	
                  Date: 

                	
                    


                	 
	
                   

                	
                  Ha
                    Quang Bui

                	 	 	 	 
	
                   

                	
                  CEO
                    & Chirman

                	 	 	 	 


        

      

      


      


      AGREED
        TO AND ACCEPTED.

      


      EMPLOYEE:

       

      
        

          
            	
                    
                      /s/
                        Chi Edward K

                    

                  	 	
                    Date: 

                  	
                        


                  	 
	
                    Chi
                      Edward K

                  	 	 	 	 


          

        

         

        
          
            
            

          

          
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