Document:

fs12010ex10xxii_chinabct.htm

     

    
      Exhibit
10.22

      Shares
Pledge Agreement

      

      Party
A: Guangxi Liuzhou Baicaotang Medicine Ltd.

      Legal
Representative: Tang
Huitian, President.

       

      Party
B: Liuzhou Baicaotang Property Management Co., Ltd

      Legal
Representative: Tan
Yuqing

      

      Whereas, Party B borrowed RMB1,377,000 Yuan
from Party A on 02/25/2009.

      Through the friendly negotiation, Party
A and Party B hereby, with respect to the issue that Party B pledgesits further 51% of the shares by 1,377,000 it owns
inthe Liuzhou Baicaotang
Pharmaceutical Chain Co., Ltd to Party A, have reached the following
agreements:

      

      Article
1  Right of
Credits

      Party A lent RMB Yuan to Party B on
02/25/2009.

       

      Article
2  Repayment
Period

      Party B shall pay all the amount of
loans to Party A no later than 12/31/2015.

      

      Article
3  Pledged
Shares

      Party B agrees to pledge further 51% of the shares it owns inthe Liuzhou Baicaotang Pharmaceutical
Chain Co., Ltd to Party A., and will deliver the shares certificate which represents further 51% of the
shares by 1,377,000 of
Liuzhou Baicaotang
Pharmaceutical Chain Co., Ltd to Party A before 03/31/2009.

      

      Article
4  Scope of the
Guaranty of Pledge

      The scope
of the guaranty of pledge provided by Party B includes: 1) Loan principal;2) Interest (as
calculated by the loan rate of fluid capital of the corresponding period issued
by People’s Bank of China); 3) Liquidated damage; 4) Legal fees, attorney fees,
travel and other necessary expenses paid or advanced by Party A for
claims.

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      Article
5  Ownership of
Pledge Interest

      Party A and Party B hereby agree that
the pledge
interest during the pledge
period will be possessed by Party A.

      

      Article
6  Fulfillment of
Liabilities

      If Party
B repays the debt according to the stipulations of Article 1 and Article 2
herein, Party A will return all the pledged shares to Party B within five days
from the date of Party B’s full repayment to Party A, and complete the
deregistration procedures of such pledge.

      If Party B fails to repay the debt
according to the stipulations of Article 1 and Article 2 herein, Party A is
entitled to ask Party B to take all the repayment liability within the
scope of the guaranty of pledge set forth in Article 4 herein.
If the value of the pledged shares is not enough to cover the debt, any
balance due shall be recoverable from Party B. Party A may use the money from
converting, auction or sale of the pledged
sharesto pay off the
debtsthrough the
negotiation with Party B, where the money from the converting, auction or sale
of the pledged shares is
excess the amount of debt, the excess amount will belong to Party B, where the
money is not enough to cover the amount of debt, any balance due shall be
recoverable from Party B.

      If Party
B fails to fulfill the repayment obligations within the scope of the guaranty of
pledge, or the value of the pledged shares is not enough to cover the debt and
Party B fails to repay the debt accordingly, Party B will have no right to
redeem the pledged shares.

      

      Article
7  Registration of
Pledge

      Party B
is responsible for completing the registration of shares pledge within ten days
from the execution date of this agreement, and will inform Party A of the
registration in writing. Party B will have no right to transfer the pledged
shares in whole or in part during the pledge period.

       

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      
 

      Article
8  Miscellaneous

      Any
dispute arising out of the performance of this agreement, shall be settled
through mutual consultation by Party A and Party B. If no agreement is reached
through the consultation, such dispute will be submitted to Liunan District
People's Court located in Liuzhou for judgement.

      This agreement is made in five
counterparts with each party holding two copies, and the other one copy will be
submitted to Liuzhou
Baicaotang Pharmaceutical Chain Co., Ltd for shares pledge filing. This
agreement will be signed and sealed by Party A and Party B, and will
become effective from the
date that the pledged shares registered in the shareholders roster of
Liuzhou Baicaotang
Pharmaceutical Chain Co., Ltd.

      This
agreement may be modified or amended only by written confirmation duly signed by
Party A and Party B.

      

      
        	
                Party A: Guangxi Liuzhou
      Baicaotang Medicine
      Ltd.

              	
                Party B: Liuzhou
      Baicaotang Property Management Co., Ltd

              
	
                 

                 

                Legal
      Representative:

              	
                 

                 

                Legal
      Representative:

              
	
                Date:
      03/31/2009

              	
                Date:
      03/31/2009fs12010ex10xxiii_chinabct.htm

    Exhibit
10.23

     

    Termination Agreement

     

     

    Party
A:    Guangxi Liuzhou
Baicaotang Medicine Ltd.

     

    Legal
Representative: Tang Huitian

     

     

    Party
B:    Shareholders of
Liuzhou Baicaotang Property Management Ltd.

     

    Representative:
Tang Huitian

     

     

    Party
C:    Liuzhou Baicaotang
Property Management Ltd.

     

    Legal
Representative: Tan Yuqing

     

     

    Whereas,

     

    
      	
              (1)  

            	
              Party
      A and Party B entered into a Shares Pledge Agreement on May 3, 2008 and
      another Shares Pledge Agreement on March 31, 2009 to pledge Party B’s
      equities in Party C to secure the loans that Party B has borrowed from
      Party A (the “Loan”);

            

    

     

     

    
      	
              (2)  

            	
              Party
      A and Party B have found that they have entered into the two Shares Pledge
      Agreements in error and intend to correct
it.

            

    

     

     

    Party A,
Party B and Party C hereby enter into the following agreement:

     

     

    
      	
              1.  

            	
              Party
      A and Party B agree to terminate the two Shares Pledge Agreements that
      were signed respectively on May 3, 2008 and March 31,
  2009.

            

    

     

    
      	
              2.  

            	
              Party
      C agrees to undertake to secure the Loan.  Party A, Party B and
      Party C confirm that the agreements that Party C has entered into with
      Party A to pledge all the equities it holds in Guangxi Liuzhou Baicaotang
      Medicine Retail Co., Ltd. remain in full force and
  effect.

            

    

     

    
      	
              3.  

            	
              Any
      dispute arising out of the performance of this agreement shall be
      negotiated between the parties.  When failing to get a
      consistent settlement, any party may submit such dispute to the People’s
      Court of Liunan District, Liu Zhou City for
  determination.

            

    

     

    
      	
              4.  

            	
              The
      terms and conditions set forth in herein should not be modified unless
      written agreed by the parties.

            

    

     

    
      	
              5.  

            	
              This
      agreement is made in six counterparts with each party holding two
      copies.  This agreement shall become binding on the date signed
      by the parties.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    
      	
              Party
      A: Guangxi Liuzhou Baicaotang Medicine Ltd.

            
	 
      
	
              Legal
      Representative:

            
	 
      
	
              Date:
      March 2, 2010

            

    

     

     

    
      	
              Party
      B: Shareholders of Liuzhou Baicaotang Property Management Co.,
      Ltd

            
	 
      
	
              Representative:

            
	 
      
	
              Date:
      March 2, 2010

            

    

     

     

    
      	
              Party
      C: Liuzhou Baicaotang Property Management Ltd.

            
	 
      
	
              Legal
      Representative:

            
	 
      
	
              Date:
      March 2, 2010f8k022510ex10i_metro.htm

    EXHIBIT
10.1

    

    SUMMARY
OF 2010 BONUS PLAN FOR EXECUTIVE OFFICERS AND CERTAIN KEY MANAGEMENT
EMPLOYEES

     

    On
February 24, 2010, upon the recommendation of the Compensation Committee (the
“Committee”) of the Board of Directors (the “Board”) of Metropolitan Health
Networks, Inc. (the “Company”), the Board established the target bonus amounts
and the performance criteria applicable to the Company's 2010 bonus plan for
executive officers and certain key management employees (the “Bonus
Plan”).

    

    The Bonus
Plan is a performance-based, cash incentive plan designed to promote the
interests of the Company and its shareholders by providing employees with
financial rewards upon achievement of specified individual and team business
objectives, as well as helping the Company attract and retain key
employees.

    

    In
addition to other participants, each of the Company’s Chief Executive Officer,
Chief Financial Officer, President and Chief Operating Officer and General
Counsel are eligible to participate in the Bonus Plan (the “Executive
Officers”).

    

    For the
Executive Officers, bonuses will be payable under the Bonus Plan based upon the
Company’s income before income taxes for the year ending December 31, 2010
(“2010 IBIT”).

    

    For any
bonus to be paid to an Executive Officer under the Bonus Plan, the Company must
first achieve at least 80% (the “Threshold Goal”) of its budgeted 2010 IBIT (the
“Budgeted IBIT”).  Provided the Threshold Goal is satisfied, the
Executive Officers shall receive some level of bonus.

    

    In the
event that the Company achieves 100% of the Budgeted IBIT (the “Target Goal”),
the Executive Officers will be entitled to receive a bonus (the “Target Bonus”)
equal to the percentage of their base salary set forth below.

    

    

       

      
        	 Title	  Percentage of Base
      Salary at Target
	 Chief
      Executive Officer 	 70%
	 Chief
      Financial Officer   	 50%
	 President and
      Chief Operating Officer	 50%
	 General
      Counsel 	 40%

      

      
 

    

    Actual
bonuses payable may be as high as 250% of the Target Bonus or as low as zero
depending on the Company's 2010 IBIT.

    

    As a
general rule, bonus awards under the Bonus Plan are subject to the participant’s
employment with the Company as of December 31, 2010.  However,
pursuant to our amended and restated employment agreement with our Chief
Executive Officer, dated as of March 1, 2010, we have agreed to pay our Chief
Executive Officer a time prorated bonus based upon the actual amount of his
service and based upon the percentage by which the Company’s IBIT for the six
month period ended June 30, 2010 exceeds or misses budget for such
period.  The resulting percentage based upon 6 month IBIT will then be
used to calculate the CEO’s bonus in a manner that is comparable to the way
percentages based upon 2010 IBIT numbers are used to calculate other executive
officer bonuses.

     

    Except
for the prorated bonus to the CEO, expected to be paid on or before August 15,
2010, bonuses pursuant to the Bonus Plan are anticipated to be paid once the
Company completes the audit of its financial statements for the fiscal year
ending December 31, 2010.

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