Document:

Shuaiyi International New Resources Development Inc. - Exhibit 10.1 -
Prepared By TNT Filings Inc.

  

Exhibit 10.1 

Employment Agreement 

November 16, 2009 

Ms. Lianyun Han 

President and CEO 

Shuaiyi International New Resources Development Inc. (Nevada) 

Heilongjiang Shuaiyi New Energy Development Co., Ltd. (PRC) 

Dear Mr. Daniel K. Lee, 

On behalf of Shuaiyi International New Resources Development
Inc., and Heilongjiang Shuaiyi New Energy Development Co., Ltd., we are pleased
to confirm your employment with the Company upon the terms and conditions set
out herein :- 

1. 

POSITION 

You will be appointed to the position of Chief
Financial Officer with direct reporting responsibilities to the Chief Executive
Officer. 

2. 

EMPLOYMENT DATES 

Your employment contract shall be
for a period of three and half (3.5) years, subjected to further extensions,
depending on your performance, position availability and mutual agreement
between both parties 

The expected date of commencement for your position
is November 16, 2009. You will be subjected to 10 days’ probation. 

3. 

SALARY AND BONUS 

Your salary will be USD 10,000
net of PRC taxes per month and will be paid monthly into your bank account.
The Company will withhold your appropriate income taxes on a monthly basis per
government regulations. 

Salary and bonus reviews are
conducted semi-annually on January 1st and July 1st and
increases are subjected to personal performance and the financial performance of
the Company. 

4. 

Responsibilities and Duties 

1) 

Private Placement (or PIPE)
capital raising 

a) 

Introduce and coordinate
meetings with international investors. 

b) 

Negotiate with institutional
investors on Company’s behalf. 

2) 

Develop and
implement finance, accounting, billing, and auditing procedures. Create,
coordinate, and evaluate the financial programs and supporting information
systems of the company to include budgeting, tax planning, real estate, and
conservation of assets. 

3)

 Develop and direct the
implementation of strategic business and/or operational plans, projects,
programs, and systems. 

4) 

Establish and maintain
appropriate internal control safeguards 

5)

 Ensure compliance with
local, state, and federal reporting requirements; and
coordinate the preparation of financial statements, financial reports, special
analyses, and information reports 

5. 

BUSINESS EXPENSES 

Reasonable expenses incurred in the
course of normal company business will be reimbursed through expense procedure.
This requires back-up documentation and receipts. 

6. 

LIFE AND MEDICAL INSURANCE 

You will be covered for inpatient and outpatient
needs under our Global Insurance Plan. Details of Plan coverage will follow. 

7. 

OFFICERS’ LIABILITY INSURANCE 

The Company agrees to purchase and maintain a
directors' and officers' liability insurance policy covering you. 

8. 

TERMINATION AND NOTICE PERIOD 

A minimum of thirty (30) days' notice must be given
in writing by either party in the event of termination of employment. During
probationary period, three (3) days' notice is required from either party. 

9. 

CONFIDENTIALITY 

Except in carrying out duties for
the Company, you must keep confidential and must not either during the course of
your employment or at any time thereafter directly or indirectly disclose,
publish or use for your own benefit or for the benefit of others either : 

	
  
  Any of the Company’s confidential
  information or that of its customers without first having obtained the
  Company’s written consent to such disclosure, publication or use; or 

 

	
  
  Any information, which has been
  disclosed to the Company by others under an agreement, which requires the
  Company to keep such information confidential. 

These confidentiality requirements do not apply to
information that has become public knowledge without fault on your part. 

10. 

GENERAL CONDITIONS 

You shall not during the
continuance of your employment hereunder (except with the consent in writing of
the Company) be directly or indirectly engaged or concerned in the conduct of
any other business competing in any material respect with the business for the
time being of the Company nor shall you be directly or indirectly interested in
any such business. 

11. 

ACCEPTANCE OF TERMS AND CONDITIONS 

To confirm you acceptance of the terms and
conditions outlined in this letter, please sign both copies of the letter and
initial each page where marked and return one copy to Human Resources
Department. 

This Agreement shall be governed by, and construed in accordance with the
laws of People’s Republic of China. 

Yours sincerely, 

By: /s/ Lianyun Han                

Ms. Lianyun Han 

President and CEO 

Shuaiyi International New Resources Development Inc. (Nevada) 

Heilongjiang Shuaiyi New Energy Development Co., Ltd. (PRC) 

I, Daniel K. Lee, agree to the terms and conditions of service as stipulated
in this appointment letter. 

My expected start date is on November 16, 2009. 

/s/ Daniel K. Lee 

_______________________________f8k111609ex10i_magnegas.htm

    EXHIBIT 10.1

     

    
      Strategic
Alliance Agreement

      

      This
Strategic Alliance Agreement (“SAA”) is entered into by and between Magnegas
Corporation (“MNGA”) and United Gas Company a United Arab Emirates company
(“UNIGAS”) entered into on this 5th day
of November, 2009.

      

      1.           Recitals

      

      Whereas,
MNGA is a corporation organized and existing under the law of the state of
Delaware with its principle place of business in the state of
Florida.

      

      Whereas
UNIGAS is a company organized and existing under the laws of the UAE with its
principle place of business in UAE.

      

      Whereas,
MNGA and UNIGAS are desirous to enter into a collaboration for promotion of the
technology in the United Arab Emirates region of the Middle East.  The
focus of the promotion will be specifically for UNIGAS to replace existing metal
working fuel sales with Magnegas.  UNIGAS is a fuel distributor in the
UAE and has identified Magnegas as a potential green fuel replacement for
Acetylene and other metal working fuels.

      

      MNGA and
UNIGAS agree to the following:

      

      2.           Responsibilities
for a Strategic Alliance

      

      
        	
                (a)  

              	
                MNGA
      will provide the technical know-how and related support regarding the
      Magnegas Technology, its byproducts and use
  thereof

              

      

      
        	
                (b)  

              	
                UNIGAS
      will provide the local promotional and analysis to determine the best
      method for entering the market
profitability.

              

      

      
        	
                (c)  

              	
                UNIGAS
      is desirous of analyzing the potential of becoming an exclusive
      distributor of Magnegas for the region, including the purchase of
      equipment directly from Magnegas Corporation so the UNIGAS can produce
      fuel locally in the UAE region.

              

      

      

      3.           Scope
of Alliance

      

      a)           The
alliance will focus on the following:

      I.           Selling
Plasma ARC Flow equipment to convert sewage and other liquid waste to irrigation
water and fuel for the UAE region.

      

      4.           This
is a NON-EXCLUSIVE Agreement

      

      5.           Website
Links and Image Authorization

        www.magnegas.com

        www.UNIGASTT.com

      

       

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

       

      MNGA and
UNIGAS authorize each other to be named as a “Partner” on each others website
with a corporate logo linking to its website.

      

      MNGA and
UNIGAS have the right to withdraw from this agreement at any
time.  The other party has to delete all logos, references or links
from its website upon written demand not later than 3 days after receiving this
demand by e-mail and/or fax.

      

      
        	
                DATED:  11/9/2009

              	 
      	
                By:

              	
                /s/  Ahmad
      Abd Al Bari

              
	 
      	 
      	 
      	
                Ahmad
      Abd Al Bari, UNIGAS

              
	 
      	 
      	 
      	 
      
	
                DATED:
      11/16/2009

              	 
      	
                By:

              	
                /s/  Dr.
      Ruggero Santilli

              
	 
      	 
      	 
      	
                Dr.
      Ruggero Santilli, Magnegas Corporation

              
	 
      	 
      	 
      	 
      

      

      
 

       

       

       

       

       

      Page 2 of
2f8k111609ex10i_celsius.htm

     

    Exhibit
10.1

    

    SECURITIES
OFFERED AND PURCHASED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933 (THE “1933 ACT”), OR ANY STATE OR PROVINCIAL SECURITIES ACTS AND ARE
BEING OFFERED AND SOLD IN RELIANCE UPON EXEMPTIONS FROM THE REGISTRATION
REQUIREMENTS OF THESE ACTS.  SUCH SECURITIES MAY NOT BE REOFFERED FOR
SALE OR RESOLD OR OTHERWISE TRANSFERRED UNLESS THEY ARE REGISTERED UNDER THE
APPLICABLE PROVISIONS OF THE 1933 ACT, STATE OR PROVINCIAL SECURITIES ACT OR ARE
EXEMPT FROM SUCH REGISTRATION.  THESE SECURITIES HAVE NOT BEEN
APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION (“SEC”) OR BY
ANY STATE OR PROVINCIAL SECURITIES ADMINISTRATION OR REGULATORY AUTHORITY NOR
HAS THE SEC OR ANY STATE OR PROVINCIAL SECURITIES ADMINISTRATION PASSED UPON THE
ACCURACY OR ADEQUACY OF THIS AGREEMENT. ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE.

    

    CELSIUS
HOLDINGS, INC.

    NOTICE
OF EXERCISING PURCHASE RIGHTS FOR SERIES A PREFERRED STOCK

    AND
SUBSCRIPTION AGREEMENT

     

    
      	TO: 	
              CELSIUS
      HOLDINGS, INC. (the "Corporation")

              140
      NE 4th
      Avenue, Suite C, Delray Beach, Florida
  33483

            

    

     

    CDS
Ventures of South Florida, LLC (hereinafter referred to as the “Purchaser”) hereby gives
notice of the exercise of its right to purchase shares of the Corporation’s
Series A Preferred Stock pursuant to Section 2.1 of the Securities Purchase
Agreement between the Purchaser and the Corporation dated December 12,
2008.

    

    In
connection with the forgoing notice, the Purchaser hereby irrevocably subscribes
for and agrees to purchase from the Corporation, 2,000 shares of the
Corporation’s Series A  Preferred Stock for the total consideration
$2,000,000 (Two Million Dollars) representing a subscription price of US $
1,000.00 per share.

    

    EXECUTED
by the Purchaser this 31st day of March, 2009

     

         /s/
William H.
Milmoe                                 

    William
H. Milmoe, President

    CDS
Ventures of South Florida, LLC

    

    REPRESENTATION
OF PURCHASER:

    
      	
              1.  

            	
              The
      Purchaser represents that the Purchaser is an Affiliate of the
      Corporation.

            

    

    
      	
              2.  

            	
              The
      Purchaser represents that payment will be made as follows: $1 million
      within 5 business days and $1 million on or before May 1st,
      2009.

            

    

    

        s/
William H.
Milmoe                         

    William
H. Milmoe, President

    CDS
Ventures of South Florida, LLC

    

    ACCEPTANCE:  The
Corporation hereby accepts the above notice of exercise and
subscription.

    

     

    CELSIUS HOLDINGS,
INC.                                                                           Dated:   March
31, 2009

     
 

    

    Per:    /s/ Jan
Norelid                                   

             
Jan Norelid, CFO

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