Document:

Prepared by MERRILL CORPORATION

EXHIBIT

10.40

 

LEASE EXTENSION AND

MODIFICATION AGREEMENT

 

THIS LEASE EXTENSION AND

MODIFICATION AGREEMENT (the “Agreement”) is made as of September 1, 2001,

by and between Marco Warehouse d.b.a. Salinas Valley Public Warehouse

(“Landlord”), and Monterey Pasta Company, (“Tenant”),

 

WITNESSETH

 

                WHEREAS, by written Lease Agreement dated

September 1, 1999 (the “Lease”), Landlord leased to Tenant and Tenant leased

from Landlord that part of the premises commonly known as Space 36, 340 El

Camino Real South, situated in the County of Monterey and the State of

California, as more fully described in the Lease, for the term, at the rent and

upon terms as set forth in the Lease; and

 

                WHEREAS, the Lease shall terminate as of

August 31, 2001, and

 

                WHEREAS, the parties now wish to modify and

extend the Lease, all as hereinafter provided.

 

NOW, THEREFORE, in consideration of

the foregoing and the mutual agreements herein contained and for other valuable

consideration the receipt and sufficiency of which is hereby acknowledged, it

is hereby mutually agreed as follows:

 

1.     The Lease and the term thereof are hereby

extended for a period of one (1) year from September 1, 2001, up to and

including August 31, 2002, upon the same terms and conditions contained in the

Lease, except as herein provided.

2.     The rent to be paid by Tenant to Landlord

for the term, as extended, shall be ($8,489.70) per month, (24,969.7 S.F. at

 .34/sf) any partial month to be prorated, or $.34/sq. foot occupied.

3.     Landlord represents and warrants that it

has full power and authority to enter into this Agreement and to modify and

extend the Lease and the Landlord does not need the consent of any lender

holding a mortgage or a deed of trust on the Premises or any other party.

4.     The Lease, except as herein modified and

extended, as in all other respects fully ratified and confirmed.

 

IN

WITNESS WHEREOF, the parties hereto have executed this Agreement as of the

day and year first above written.

 

	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  Landlord:

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  MARCO WAREHOUSE d.b.a.

  SALINAS

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  VALLEY PUBLIC WAREHOUSE

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  _______________________________________

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  Brenda Kibbee

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  General Manager

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  Tenant:

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  MONTEREY PASTA COMPANY

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  _______________________________________

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  Stephen L. Brinkman

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  Chief Financial OfficerEx 10.1 Employment Contracts for Yi Wan Maple

Ex 10.1

       Yi Wan Maple Leaf High Technology Agriculture Developing Ltd. Co.

             Management and Administrative Staff Employment Contract

To meet the management and administrative needs of the Corporation, Mr. /Madame
Mr. Cheng Wanming is now engaged by Yi Wan Maple Leaf High Technology
Agriculture Developing Ltd. Co. to work in the position of President.

Upon review and understanding of the content contained in the following
policies: Yi Wan's System of Personal Responsibility of Management and
Administrative Staff, and Yi Wan's Position Employment System of Management and
Administrative Staff, both parties agree to enter into and sign the this
employment agreement as follows:

1. The employment period shall start from December Month 10 Date 1998 Year to
December Month 10 Date 2001 Year. Three Years altogether.

Monthly salary shall be determined corresponding to the position and level of
work responsibility within the Corporation. The employee will be eligible for
bonus payments according to the provisions of the Corporation's performance and
bonus program. The employee shall enjoy the benefits provided by the Corporation
in a group coverage medical treatment insurance, life insurance and old-age
pension. The employee shall be responsible to pay any and all relevant income
related taxes as may be required by the State.

3. The employee shall obey the direction of his or her supervisor, fulfill the
work duties an tasks assigned by his or her supervisor and carry out all rules
and regulations of the Corporation on his or her own initiative.

4. The Corporation shall, during the time of employment, examine, check and
evaluate the work of the employee. The Corporation shall determine whether the
employee has neglected any of his or her duties and whether he or she has the
ability and qualifications to continue to fulfill the requirements of the
position. In the event the employee has directly caused, whether by negligence
or willful misconduct, economic loss to the Corporation, the Corporation shall
in accordance with Yi Wan's Position Employment System of Management and
Administrative Staff, have the right to demote the position of the employee,
reduce the salary of the employee, dismiss the employee from employment, and, in
the case of criminal action, seek penalties and prosecution under the full force
of the law for economic losses caused by the employee.

5. During the term of employment, the Corporation shall not dismiss the employee
without due cause. During the term of employment, the employee shall not leave
the employment of the Corporation without prior permission of the Corporation.
In the event one party breaches any provision of the employment contract, the
other party shall have the right to pursue legal treatment with the labor
arbitration authorities.

6. When the term of employment expires, the Corporation shall inform the
employee of its intention to enter into a new employment contract with the
employee one month in advance of the stated contract expiration date.

This contract is in the form of two originals: each signed by the Corporation
and the employee. The Corporation and the employee shall each maintain an
original version of the contract. Corporation: Yi Wan Group

Legal Representative /s/________

December Month_10___Date__1998__Year

The Employee /s/___________
December Month__10__Date__1998__Year

        Yi Wan Maple Leaf High Technology Agriculture Developing Ltd. Co.

             Management and Administrative Staff Employment Contract
                      Personnel Department Form No: 1996-01

To meet the management and administrative needs of the Corporation, Mr. /Madame
Mr. You Yingliu is now engaged by Yi Wan Maple Leaf High Technology Agriculture
Developing Ltd. Co. to work in the position of Vice-President.

Upon review and understanding of the content contained in the following
policies: Yi Wan's System of Personal Responsibility of Management and
Administrative Staff, and Yi Wan's Position Employment System of Management and
Administrative Staff, both parties agree to enter into and sign the this
employment agreement as follows:

1. The employment period shall start from December Month 10 Date 1996 Year to
December Month 10 Date 2001 Year. Five Years altogether.

Monthly salary shall be determined corresponding to the position and level of
work responsibility within the Corporation. The employee will be eligible for
bonus payments according to the provisions of the Corporation's performance and
bonus program. The employee shall enjoy the benefits provided by the Corporation
in a group coverage medical treatment insurance, life insurance and old-age
pension. The employee shall be responsible to pay any and all relevant income
related taxes as may be required by the State.

3. The employee shall obey the direction of his or her supervisor, fulfill the
work duties an tasks assigned by his or her supervisor and carry out all rules
and regulations of the Corporation on his or her own initiative.

4. The Corporation shall, during the time of employment, examine, check and
evaluate the work of the employee. The Corporation shall determine whether the
employee has neglected any of his or her duties and whether he or she has the
ability and qualifications to continue to fulfill the requirements of the
position. In the event the employee has directly caused, whether by negligence
or willful misconduct, economic loss to the Corporation, the Corporation shall
in accordance with Yi Wan's Position Employment System of Management and
Administrative Staff, have the right to demote the position of the employee,
reduce the salary of the employee, dismiss the employee from employment, and, in
the case of criminal action, seek penalties and prosecution under the full force
of the law for economic losses caused by the employee.

5. During the term of employment, the Corporation shall not dismiss the employee
without due cause. During the term of employment, the employee shall not leave
the employment of the Corporation without prior permission of the Corporation.
In the event one party breaches any provision of the employment contract, the
other party shall have the right to pursue legal treatment with the labor
arbitration authorities.

6. When the term of employment expires, the Corporation shall inform the
employee of its intention to enter into a new employment contract with the
employee one month in advance of the stated contract expiration date.

This contract is in the form of two originals: each signed by the Corporation
and the employee. The Corporation and the employee shall each maintain an
original version of the contract. Corporation: Yi Wan Group

Legal Representative /s/________

December Month_10___Date__1996__Year

The Employee /s/___________
December Month__10__Date__1996__Year

        Yi Wan Maple Leaf High Technology Agriculture Developing Ltd. Co.

             Management and Administrative Staff Employment Contract
                      Personnel Department Form No: 1996-03

To meet the management and administrative needs of the Corporation, Mr. /Madame
Mr. Ma Haidong is now engaged by Yi Wan Maple Leaf High Technology Agriculture
Developing Ltd. Co. to work in the position of Director of the Production
Department.

Upon review and understanding of the content contained in the following
policies: Yi Wan's System of Personal Responsibility of Management and
Administrative Staff, and Yi Wan's Position Employment System of Management and
Administrative Staff, both parties agree to enter into and sign the this
employment agreement as follows:

1. The employment period shall start from December Month 10 Date 1996 Year to
December Month 10 Date 2001 Year. Five Years altogether.

Monthly salary shall be determined corresponding to the position and level of
work responsibility within the Corporation. The employee will be eligible for
bonus payments according to the provisions of the Corporation's performance and
bonus program. The employee shall enjoy the benefits provided by the Corporation
in a group coverage medical treatment insurance, life insurance and old-age
pension. The employee shall be responsible to pay any and all relevant income
related taxes as may be required by the State.

3. The employee shall obey the direction of his or her supervisor, fulfill the
work duties an tasks assigned by his or her supervisor and carry out all rules
and regulations of the Corporation on his or her own initiative.

4. The Corporation shall, during the time of employment, examine, check and
evaluate the work of the employee. The Corporation shall determine whether the
employee has neglected any of his or her duties and whether he or she has the
ability and qualifications to continue to fulfill the requirements of the
position. In the event the employee has directly caused, whether by negligence
or willful misconduct, economic loss to the Corporation, the Corporation shall
in accordance with Yi Wan's Position Employment System of Management and
Administrative Staff, have the right to demote the position of the employee,
reduce the salary of the employee, dismiss the employee from employment, and, in
the case of criminal action, seek penalties and prosecution under the full force
of the law for economic losses caused by the employee.

5. During the term of employment, the Corporation shall not dismiss the employee
without due cause. During the term of employment, the employee shall not leave
the employment of the Corporation without prior permission of the Corporation.
In the event one party breaches any provision of the employment contract, the
other party shall have the right to pursue legal treatment with the labor
arbitration authorities.

6. When the term of employment expires, the Corporation shall inform the
employee of its intention to enter into a new employment contract with the
employee one month in advance of the stated contract expiration date.

This contract is in the form of two originals: each signed by the Corporation
and the employee. The Corporation and the employee shall each maintain an
original version of the contract. Corporation: Yi Wan Group

Legal Representative /s/________

December Month_10___Date__1996__Year

The Employee /s/___________
December Month__10__Date__1996__Year

        Yi Wan Maple Leaf High Technology Agriculture Developing Ltd. Co.

             Management and Administrative Staff Employment Contract
                      Personnel Department Form No: 1996-04

To meet the management and administrative needs of the Corporation, Mr. /Madame
Mr. Li Bingquan is now engaged by Yi Wan Maple Leaf High Technology Agriculture
Developing Ltd. Co. to work in the position of Director of the Sales Department.

Upon review and understanding of the content contained in the following
policies: Yi Wan's System of Personal Responsibility of Management and
Administrative Staff, and Yi Wan's Position Employment System of Management and
Administrative Staff, both parties agree to enter into and sign the this
employment agreement as follows:

1. The employment period shall start from December Month 10 Date 1996 Year to
December Month 10 Date 2001 Year. Five Years altogether.

Monthly salary shall be determined corresponding to the position and level of
work responsibility within the Corporation. The employee will be eligible for
bonus payments according to the provisions of the Corporation's performance and
bonus program. The employee shall enjoy the benefits provided by the Corporation
in a group coverage medical treatment insurance, life insurance and old-age
pension. The employee shall be responsible to pay any and all relevant income
related taxes as may be required by the State.

3. The employee shall obey the direction of his or her supervisor, fulfill the
work duties an tasks assigned by his or her supervisor and carry out all rules
and regulations of the Corporation on his or her own initiative.

4. The Corporation shall, during the time of employment, examine, check and
evaluate the work of the employee. The Corporation shall determine whether the
employee has neglected any of his or her duties and whether he or she has the
ability and qualifications to continue to fulfill the requirements of the
position. In the event the employee has directly caused, whether by negligence
or willful misconduct, economic loss to the Corporation, the Corporation shall
in accordance with Yi Wan's Position Employment System of Management and
Administrative Staff, have the right to demote the position of the employee,
reduce the salary of the employee, dismiss the employee from employment, and, in
the case of criminal action, seek penalties and prosecution under the full force
of the law for economic losses caused by the employee.

5. During the term of employment, the Corporation shall not dismiss the employee
without due cause. During the term of employment, the employee shall not leave
the employment of the Corporation without prior permission of the Corporation.
In the event one party breaches any provision of the employment contract, the
other party shall have the right to pursue legal treatment with the labor
arbitration authorities.

6. When the term of employment expires, the Corporation shall inform the
employee of its intention to enter into a new employment contract with the
employee one month in advance of the stated contract expiration date.

This contract is in the form of two originals: each signed by the Corporation
and the employee. The Corporation and the employee shall each maintain an
original version of the contract. Corporation: Yi Wan Group

Legal Representative /s/________

December Month_10___Date__1996__Year

The Employee /s/___________
December Month__10__Date__1996__Year

        Yi Wan Maple Leaf High Technology Agriculture Developing Ltd. Co.

             Management and Administrative Staff Employment Contract
                      Personnel Department Form No: 1996-02

To meet the management and administrative needs of the Corporation, Mr. /Madame
Mr. Hu Xiaohua is now engaged by Yi Wan Maple Leaf High Technology Agriculture
Developing Ltd. Co. to work in the position of Director of the Technology
Development Department.

Upon review and understanding of the content contained in the following
policies: Yi Wan's System of Personal Responsibility of Management and
Administrative Staff, and Yi Wan's Position Employment System of Management and
Administrative Staff, both parties agree to enter into and sign the this
employment agreement as follows:

1. The employment period shall start from December Month 10 Date 1996 Year to
December Month 10 Date 2001 Year. Five Years altogether.

Monthly salary shall be determined corresponding to the position and level of
work responsibility within the Corporation. The employee will be eligible for
bonus payments according to the provisions of the Corporation's performance and
bonus program. The employee shall enjoy the benefits provided by the Corporation
in a group coverage medical treatment insurance, life insurance and old-age
pension. The employee shall be responsible to pay any and all relevant income
related taxes as may be required by the State.

3. The employee shall obey the direction of his or her supervisor, fulfill the
work duties an tasks assigned by his or her supervisor and carry out all rules
and regulations of the Corporation on his or her own initiative.

4. The Corporation shall, during the time of employment, examine, check and
evaluate the work of the employee. The Corporation shall determine whether the
employee has neglected any of his or her duties and whether he or she has the
ability and qualifications to continue to fulfill the requirements of the
position. In the event the employee has directly caused, whether by negligence
or willful misconduct, economic loss to the Corporation, the Corporation shall
in accordance with Yi Wan's Position Employment System of Management and
Administrative Staff, have the right to demote the position of the employee,
reduce the salary of the employee, dismiss the employee from employment, and, in
the case of criminal action, seek penalties and prosecution under the full force
of the law for economic losses caused by the employee.

5. During the term of employment, the Corporation shall not dismiss the employee
without due cause. During the term of employment, the employee shall not leave
the employment of the Corporation without prior permission of the Corporation.
In the event one party breaches any provision of the employment contract, the
other party shall have the right to pursue legal treatment with the labor
arbitration authorities.

6. When the term of employment expires, the Corporation shall inform the
employee of its intention to enter into a new employment contract with the
employee one month in advance of the stated contract expiration date.

This contract is in the form of two originals: each signed by the Corporation
and the employee. The Corporation and the employee shall each maintain an
original version of the contract. Corporation: Yi Wan Group

Legal Representative /s/________

December Month_10___Date__1996__Year

The Employee /s/___________
December Month__10__Date__1996__Year

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