Document:

Exhibit

Exhibit 10.1
EMPLOYMENT AGREEMENT

BETWEEN:
MOLD-MASTERS (2007) LIMITED  
hereinafter called the "Company"
-and- 
Ling An-Held
hereinafter called the "Employee"
WHEREAS the Company and the Employee (hereinafter, the "Parties") had an ongoing employment relationship for their mutual benefit; since the 8th day of January, 1991.
AND WHEREAS the Parties have agreed to enter this Employment Agreement to formalize in writing the terms of employment of the Employee in the position of President, Mold-Masters Asia;
AND WHEREAS the Parties agree that this Employment Agreement shall supersede and replace any and all previous Employment Agreements or Contracts which have been executed within the Mold-Masters group of Companies;
NOW THEREFORE the Parties agree as follows concerning the terms and conditions of their revised employment relationship:
1    RECITALS FORM PART OF AGREEMENT
		
	1.1
	The parties agree that the recital clauses outlined above are true and correct and form a part of this Employment Agreement.

2    APPOINTMENT AND DUTIES
		
	2.1
	The Company agrees to employ the Employee to perform, and the Employee agrees and undertakes to perform, the duties and responsibilities of President, Mold-Masters Asia, and such other duties and responsibilities as may be requested of the Employee by the Company from time to time.

		
	2.2
	The Employee understands and agrees that the Company may reduce, expand or otherwise modify the Employee's duties and responsibilities, as necessary, during the employment relationship between the Employee and the Company.

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	2.3
	The Employee agrees and undertakes to use the Employee's best efforts and to devote such attention, energy, skill and time as is necessary to satisfactorily fulfill all of the duties and responsibilities of the President, Mold-Masters Asia and to fulfill all duties and responsibilities assigned to the Employee by the Company from time to time. Accordingly, the Employee further understands and agrees not to accept other employment, including part-time employment, that is in conflict with, or that could reasonably be anticipated to otherwise interfere with, the Employee's ability to fulfill the Employee's duties, obligations and responsibilities to the Company.

14'
		
	2.4
	The Employee acknowledges and agrees that the terms of this Employment Agreement apply to the Employee with respect to Mold-Masters (2007) Limited, and also with respect to its associated, affiliated, related and subsidiary companies (hereinafter collectively referred to, including Mold-Masters (2007) Limited, as the "Mold-Masters Group"). Therefore, the Employee agrees that any direction, instruction, order or request made to the Employee by or on behalf of any company within the Mold-Masters Group shall be deemed hereby to have been made to the Employee by the Company.

		
	2.5
	The Employee undertakes and agrees to abide by all of the Company's rules, practices and procedures set forth in the Company's Employee Handbook, as amended from time to time, a copy of which will be made available to the Employee online. Further, the Employee acknowledges and agrees that it is the Employee's duty to review the same and be familiar therewith.

3    EFFECTIVE DATE
		
	3.1
	The Parties agree that this Employment Agreement shall be effective as of and from the January 1st, 2013, which date shall be referred to as the "Effective Date" of this Employment Agreement.

4    CONSIDERATION
		
	4.1
	In consideration of the Employee's agreements and undertakings contained in this Employment Agreement, and in consideration of the Employee's promise to comply with all of the duties, obligations and responsibilities set forth in this Employment Agreement, the Company shall employ the Employee and pay to the Employee the salary set out in Article 5 of this Employment Agreement, and shall make available to the Employee the benefits set out in Article 6 of this Employment Agreement, all of which may be amended and modified from time to time as set forth in this Employment Agreement.

5    COMPENSATION
		
	5.1
	The gross salary payable to the Employee shall be $ Two Hundred Sixty-Three Thousand, Three Hundred and Sixty-Two Dollars and Forty-One Cents ($263,362.41) (CDN) per annum, payable in equal bi-weekly installment to the Employee by automatic direct deposit, less all applicable statutory withholdings and remittances required by law. The Employee understands and agrees that any change(s) to the Employee's remuneration hereunder, once accepted by the Employee, shall not otherwise affect the application of this Employment Agreement.

5.2    The Parties agree that the Employee will receive a performance review annually.
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	5.3
	The Employee understands and agrees that the Employee's salary is a confidential matter between the Employee and the Company and the Employee covenants that the Employee will not disclose the details of the Employee's remuneration to any other person employed by the Company. Further, the Employee agrees to maintain any information of which the Employee becomes aware regarding the remuneration of any other Employee of the Company, however such information may have been obtained by Employee, in the strictest of confidence and hereby undertakes to neither discuss nor disclose such information with or to any other person for any reason.

5.4    Expenses:    The Parties understand and agree that the Employee may incur expenses in
connection with the performance of the Employee's duties under this Employment Agreement. The Company will reimburse the Employee for the Employee's actual expenses reasonably incurred, in accordance with the Company's expense reimbursement procedures and practices in effect from time to time, provided that the Employee delivers to the Company, in a timely fashion, appropriate written accounts and receipts or other verifying documentation in respect thereof.
6    BENEFITS
6.1    Group Insurance Benefits:    The Company shall pay the premiums to allow the Employee to
be eligible to participate in the Company's Group Insurance Benefits Program in effect from time to time, subject to the terms and conditions of group insurance contract(s) between the Company and its Insurer(s), including all terms and conditions related to the Employee's eligibility to participate therein. The Parties acknowledge and agree that all benefits will be provided in accordance with the formal plan documents or policies and any issues with respect to entitlement to, or payment of any benefits will be governed by the terms of such documents or policies.
		
	6.2
	The Employee understands and agrees that the Company retains the right to change the insurance carrier for any and all Group Insurance Plans, and to alter the terms and conditions of any and all group insurance plans, but will only do so after having provided the employee with advance notice.

6.3    Vacation:    The Employee understands and agrees that the following specific terms and
conditions are applicable to the Employee's annual vacation entitlement:
The Employee further understands and agrees that the Company's "vacation year" commences on the first (1st) day of January and ends on the thirty-first (31st) day of December, annually.
The Employee will be entitled to twenty-five (25) days of vacation and, vacation pay for such vacation leave will be calculated by the Company based on ten percent (10%) of the gross wages paid to the Employee from the Effective Date of this Employment Agreement up to and including December 31. In the event this employment agreement is terminated, vacation will be pro-rated based on the effective date of termination. Any portion of this pro-rated vacation which is unused will be paid to the employee on their final pay, as a lump sum. Any portion of this pro-rated vacation which has been used in excess of the pro-rated amount will be deducted from the employee's final pay.
		
	6.4
	The Employee understands and agrees that the Company reserves the right to schedule vacations when conditions allow, and that all vacation leave must be approved well in advance by the Employee's Direct Manager.

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7    TERMINATION
		
	7.1
	The Parties understand and agree that the Employee's employment pursuant to this Employment Agreement, may be terminated in the applicable manner, and in the circumstances, specified below:

		
	a)
	by the Employee, at any time during the Employee's employment, for any reason, on the provision of at least four (4) weeks' advance written notice to the Company. The Employee understands that the Company may waive such notice, either in whole or in part, and will have the right to terminate the Employee's employment at any time during the applicable notice period. Should the Company exercise its right to terminate the Employee's employment during the applicable notice period, then the Employee's entitlement to compensation and benefits under this Employment Agreement shall cease on the date that the Company exercises such right;

		
	b)
	by the Company, at any time, in its sole discretion, without any notice or pay in lieu thereof, for cause. For the purposes of this Employment Agreement, "cause" includes, without limitation, the following:

		
	i)
	unsatisfactory performance;

		
	ii)
	time theft;

		
	iii)
	dishonesty;

		
	iv)
	insubordination;

		
	v)
	serious misconduct;

		
	vi)
	a false statement on either the Employee's resume or employment application;

		
	vii)
	any material breach of the provisions of this Employment Agreement by the

Employee, as determined in the Company's sole discretion;
		
	viii)
	any willful or reckless violation of an established company rule contained in the Company's Employee Handbook, or, of which the Employee has been otherwise apprised;

		
	ix)
	paying, offering or promising to pay, or authorizing payment to any third party, public or private, in order to secure an improper benefit. Accepting or soliciting such payment. "Payment" includes making bribes or kickbacks, as well as conferring a financial or any other advantage, whether tangible or intangible (e.g. gifts, entertainment, travel expenses, charitable donations, political contributions, hiring an individual or relative, or other preferential treatment in reference to the company), and in some jurisdictions may also include so-called "facilitating payments"; or

		
	x)
	any other act, omission or circumstance recognized by law as cause for termination.

		
	c)
	subject to Article 7.4 and subject to Article 7.7 by the Company, at any time in its absolute discretion and for any reason other than for cause, upon providing the Employee with:

		
	i)
	all payments or entitlements to which the Employee is entitled pursuant to the Ontario Employment Standards Act, 2000 as amended, including notice of termination or, at the Company's option, pay in lieu of notice, and severance pay, if applicable. Severance pay will be calculated using the employee's current base salary, only, and will not include additional payments made to the employee.

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ii)    further, in exchange for the covenants in Article 8 and Article 9, the Company
shall provide four (4) additional weeks of notice for each fully completed year of continuous employment, up to a maximum of seventy (70) additional weeks. Notice under the Ontario Employment Standards Act, 2000 as amended, and the four weeks additional notice for each year of completed service may be provided by actual working notice or pay in lieu of notice or any combination of working notice and pay in lieu of notice. Additional notice will be calculated using the current base salary, only, and will not include additional payments made to the employee.
		
	7.2
	All payments contemplated under this Article 7 will be calculated on the basis of the Employee's annual base salary as of the date the Employee receives notice of termination. Payments under a bonus plan or any other forms of additional compensation will not be considered part of the annual base salary.

		
	7.3
	During the statutory notice period under the Ontario Employment Standards Act, 2000 as amended, the Company agrees to continue to pay its share of the premiums to continue the Employee's coverage, under Company's Group Insurance Benefits Program, excluding long-term disability insurance, group life insurance, accidental death and dismemberment insurance and out of province medical coverage, for the period of notice contemplated under Article 7.1.

		
	7.4
	The Employee understands and agrees that the provision of advance written notice or pay in lieu of such notice by the Company to the Employee shall not prevent the Company from alleging cause for the termination.

		
	7.5
	Upon the termination of the Employee's employment pursuant to this Employment Agreement, however caused, the Employee covenants and undertakes to immediately return to the Company in good condition all Company property including, without limitation all: Confidential Information as that term is defined in Article 8 hereof; keys, access cards, security cards and similar items; original Company documents, and all copies thereof, which are in the Employee's care or possession or which are then under the Employee's control, without retaining any part(s) thereof and without making or retaining any copies or duplicates thereof; Company credit cards; Company Intellectual Property as that term is defined in Article 9 hereof; Company equipment; and, files and other material of every nature and kind created or used by the Employee in connection with the Employee's employment under this Employment Agreement.

		
	7.6
	Upon the termination of this Employment Agreement, however caused, the Employee further agrees to provide all reasonable assistance and cooperation to the Company in order to assist the Company to obtain access to, possession and control of, all Company property, in the Employee's possession or under the Employee's control.

		
	7.7
	The Parties agree that the Company shall have the right to temporarily lay off the Employee, within the meaning of the Ontario Employment Standards Act, 2000, as amended, when the Company determines that business circumstances so require. Further, the Parties understand and agree that a temporary layoff within the meaning of the Ontario Employment Standards Act, 2000, as amended shall not constitute a termination for the purposes of this Article 7 of this Employment Agreement or for the purposes of the common law of employment.

8    CONFLICTS OF INTEREST, NON-SOLICITATION AND CONFIDENTIAL INFORMATION
8.1    Non-Competition:    The Employee covenants that, during the term of this Employment
Agreement and for a period of one (1) year immediately following the termination hereof, however caused, the Employee will not, directly or indirectly engage or participate in any business within the geographical areas for which the Employee has direct responsibility hereunder and which is in
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competition with the Company's business and the products or services offered by the Company specific to the Hot Runner / Injection Tooling for Pre-form Molding Industry systems and controls technology in Canada, without the prior written consent of the Company.
8.2    Non-Solicitation:    The Employee shall not, without the prior written consent of the
Company, during the period of employment, and for a period of one (1) year after the termination of the employment relationship between the Company and the Employee, however caused, either directly or indirectly, individually or in conjunction with any other association, corporation, entity, organization, partnership, person or syndicate, whether as agent, consultant, director, Employee, officer, partner, principal, or shareholder or in any other manner whatsoever:
		
	a)
	except for the benefit of the Company and during the course of the Employee's employment, at any time, solicit or accept any business from or the patronage of, or render any services to, sell to, or contract or attempt to contract with, any association, corporation, entity, organization, partnership, person or syndicate who is or was a customer, or active prospective customer of the Company within a period of two (2) years prior to the termination of this Employment Agreement, however caused;

		
	b)
	induce or attempt to persuade any person providing employment, consulting, marketing or other services to the Company to not provide, or to cease to provide, such services to the Company;

		
	c)
	solicit for employment, employ or otherwise retain Employees of the Company (other than Employees who have ceased to be employed by the other Party prior to the date of the solicitation); or,

		
	d)
	engage in any act or activity which would interfere with or harm any business relationship the Company may have with any investor, customer, employee, principal or supplier.

8.3    Confidential Information:    The Employee acknowledges and agrees that as the President,
Mold-Masters Asia, the Employee will be employed by the Company in a fiduciary capacity which requires that the Employer must be able to rely on the Employee to perform all duties and responsibilities under this Employment Agreement with the utmost of confidentiality, candour and good faith, and with absolute trust in the course of carrying out, performing and fulfilling the Employee's fiduciary duties and responsibilities under this Employment Agreement the Employee will have access to, and will be entrusted with detailed and highly confidential information relating to the Company and other members of the "Mold-Masters Group," all of which shall hereinafter be referred to as "Confidential Information".
		
	8.4
	For purposes of this Employment Agreement, "Confidential Information" shall mean and include all information or material disclosed to or known by the Employee as a consequence of the Employee's employment or engagement by the Company, including without limitation third party information that the Company treats as confidential and any information disclosed to or developed by the Employee or embodied in or relating to the Works of the Employee as defined in Article 9 of the Employment Agreement. The Confidential Information includes, but is not limited to, the following types of information and other information of a similar nature, whether or not reduced to writing: all financial information including accounting practices, records, and statements and including all information relating to any financial arrangements made by, or entered into by, any member of the Mold-Masters Group; administrative practices; analyses, business plans and policies and future business plans and policies; business records; business relationships including those with suppliers and others; computer hardware and software; correspondence; creations; customer lists including identities of customers and prospective customers, identities of individual contacts at business entities which are customers or prospective customers, and their respective preferences, businesses or habits; data; designs;

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developments; drawings and sketches; concepts; specifications; research; "know-how"; product information and reports; business methods; production or merchandising systems or plans; operations; employment and labour relations practices and policies; information regarding employees; formulae; Hot Runner / Injection Tooling for Pre-form Molding Industry systems and controls technology; ideas; information from external and internal sources; inventions, marketing, notes and strategies; pricing and sales information; methods; processes; programs; reports; results; techniques; technology used by the Company; and trade and business secrets. Notwithstanding the foregoing, information publicly known that is generally employed by the trade at or after the time the Employee first learns of such information, other than as a result of the Employee's breach of this Employment Agreement, or generic information or knowledge which the Employee would have learned in the course of similar employment or work elsewhere in the trade, shall not be deemed part of the Confidential Information.
		
	8.5
	The Employee will, both during the Employee's work for the Company and thereafter, hold in confidence and not directly or indirectly reveal, report, publish, disclose or transfer any of the Confidential Information to any person or entity, or utilize any of the Confidential Information for any purpose, except in the course of the Employee's work for the Company for the Company's sole benefit. Also, the Employee will not remove, reproduce, summarize or copy any Confidential Information except as expressly required by the Company to enable the Employee to perform the Employee's duties, and the Employee will return immediately to the Company all Confidential Information in the Employee's possession or control, including duplicates, when the Employee leaves its employ or whenever the Company may otherwise require that such Confidential Information be returned.

		
	8.6
	The Employee will not knowingly use for the benefit of or disclose to the Company any confidential information of any of the Employee's former employers or of any other third party or otherwise knowingly infringe any proprietary right of any third party. The Employee represents and warrants that no contract or agreement between or among the Employee and any third party will interfere in any manner with the Employee's complete performance of the Employee's duties to the Company or with the Employee's compliance with the terms and conditions hereof.

		
	8.7
	The Employee acknowledges that the provisions set out in this Article 8 of the Employment Agreement are necessary and reasonable to protect the Company's Confidential Information and goodwill, that the Confidential Information is unique, and that the loss or disclosure of the Confidential Information will cause the Company irreparable harm for which it will have no adequate remedy at law. Therefore, the Company shall be entitled to obtain, without posting any bond, and the Employee agrees not to oppose a request for, interim and permanent injunctive relief and other equitable relief to prevent a breach or continued breach of these provisions of the Employment Agreement, as well as an accounting of all profits and benefits that arise out of such violation, which rights and remedies shall be cumulative in addition to any other rights or remedies to which the Company may be entitled in law. The Employee acknowledges that these provisions of the Employment Agreement shall be specifically enforceable in accordance with their terms.

		
	8.8
	Notwithstanding any other provision of this Employment Agreement this Article 8 shall survive the termination of this Employment Agreement, however caused.

9    INTELLECTUAL PROPERTY
		
	9.1
	In this Employment Agreement the term "Works" shall mean and include: (i) any inventions, trade secrets, ideas, original works of authorship or any other form of intellectual property that the Employee conceives, develops, discovers or makes in whole or in part during the Employee's employment or engagement by the Company which relate to the Company's business or the

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Company's actual or demonstrably anticipated research or development, (ii) any inventions, trade secrets, ideas, original works of authorship or any other form of intellectual property that the Employee conceives, develops, discovers or makes in whole or in part during or after the Employee's employment or engagement by the Company which are made through the use of any of the Company's equipment, facilities, supplies, trade secrets or time, or which result from any work the Employee performs for the Company, and (iii) any part or aspect of any of the foregoing. The Employee hereby agrees to disclose to the Company full particulars of the Works, and hereby undertakes and agrees to maintain at all times adequate and current written records pertaining thereto, which records also shall be, and shall remain, the sole and exclusive property of the Company. All Works shall belong exclusively to the Company whether or not fixed in a tangible medium of expression. Without limiting the foregoing, to the maximum extent permitted under applicable law, all Works shall be deemed to be "works made for hire", and the Company shall be deemed to be the author thereof.
		
	9.2
	If and to the extent any Works are determined not to constitute "works made for hire," or if any rights in the Works do not accrue to the Company as a work made for hire, the Employee hereby irrevocably assigns and transfers to the Company, to the maximum extent permitted by law, all right, title and interest in the Works, including but not limited to all copyrights, trademarks, industrial designs, design patents, patents, topographies, mask works, trade secret rights, and other proprietary rights in or relating to the Works. Without limiting the foregoing, the Employee hereby irrevocably assigns and transfers to Company all economic rights to the Works, including without limitation the rights to reproduce, manufacture, use, adapt, modify, publish, distribute, sublicense, publicly perform and communicate, translate, lease, import and otherwise exploit the Works.

		
	9.3
	The Employee shall have no right to exercise any economic rights to the Works. Without limiting the foregoing, the Employee will not have the right to and will not reproduce, adapt, modify, publish, distribute, sublicense, publicly perform or communicate, translate, lease, import or otherwise exploit the Works, except as expressly authorized by the Company.

		
	9.4
	The Employee expressly acknowledges and agrees that the Employee wishes to remain anonymous and not to have the Employee's name or any pseudonym used in connection with the Works.

		
	9.5
	The Employee hereby waives in whole any moral rights the Employee may have with respect to the Works, including but not limited to the right to the integrity of the Works, the right to be associated with the Works as its author by name or under a pseudonym and the right to remain anonymous.

		
	9.6
	The Employee hereby approves any and all modifications, uses, publications and other exploitation of the Works that the Company or any successor or transferee thereof may elect to make, and the Employee expressly agrees that no such modifications, uses, publications or exploitations will or may cause harm to the Employee's honor or reputation. The Employee agrees that no modification, use or publication of the Works by the Company or any successor or transferee thereof will be deemed to constitute a distortion or mutilation of the Works.

		
	9.7
	The Employee acknowledges and agrees that the Company alone shall have the exclusive right to apply for, prosecute and obtain any and all copyrights, trademarks, industrial designs, design patents, patents, topographies, mask works, and any other registrable proprietary rights in or relating to the Works in any and all jurisdictions of the world. The Employee hereby agrees, both during the term of this Employment Agreement and thereafter, to execute and demand any such applications, transfers, assignments and other documents which the Company may deem necessary or desirable for the purpose of vesting in, or assigning to, the Company all title to the

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Works, and for the purpose of applying for, prosecuting and obtaining registrations for any and all copyrights, trademarks, industrial designs, design patents, patents, topographies, mask works and any other registrable proprietary rights in or relating to the Works in any and all jurisdictions of the world, as applicable. The Employee further hereby undertakes and agrees to cooperate and assist and to cause its representatives to cooperate and assist in every way possible in the prosecution of any such applications, and the Employee hereby acknowledges that this agreement to cooperate and assist in the prosecution of any such applications shall continue notwithstanding the termination of this Employment Agreement.
		
	9.8
	The Company shall have the unrestricted right to transfer and convey any or all of the Company's rights in or relating to the Works to any person or entity.

		
	9.9
	This Employment Agreement is not intended and shall not be interpreted to assign to or vest in the Company any of the Employee's rights in any inventions developed entirely on the Employee's own time without using the Company's equipment, supplies, facilities, or trade secret information, except for those inventions that either relate at the time of conception or reduction to practice of the invention to the Company's business or the actual or demonstrably anticipated research or development of the Company, or result from any work the Employee performed for the Company.

		
	9.10
	The Employee acknowledges and agrees that, in the event of the Employee's violation of any of the provisions of this Article 9, then, the Company shall be entitled to obtain, without posting any bond and the Employee agrees not to oppose a request for, interim and permanent injunctive relief and other equitable relief to prevent a breach or continued breach of these provisions of the Employment Agreement as well as an accounting of all profits and benefits that arise out of such violation, which rights and remedies shall be cumulative in addition to any other rights or remedies to which the Company may be entitled in law. The Employee acknowledges that these provisions of the Employment Agreement shall be specifically enforceable in accordance with its terms.

		
	9.11
	The Employee acknowledges, agrees and understands that the provisions of Article 8 and of this Article 9, and the Employee's agreement to same, are of the essence of this Employment Agreement and constitute a material inducement to the Company to enter into this Employment Agreement and that the Company would not have entered into this Employment Agreement, nor provided the additional notice in Article 7.1(c), without such inducement.

		
	9.12
	The Employee agrees that the provisions of Article 8 and this Article 9 shall be construed independently of any other provision of this Employment Agreement, and the existence of any claim or cause of action by the Employee against the Company, whether predicated on this Employment Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of the provisions of Article 8 or of this Article 9;

		
	9.13
	Notwithstanding any other provision of this Employment Agreement this Article 9 shall survive the termination of this Employment Agreement, however caused.

10    PRIVACY
		
	10.1
	The Employee understands and consents that the Company may collect use or disclose personal information about the Employee as required for those purposes necessary for the conduct and administration of the employment relationship and pensions and benefits administration ("Employee Personal Information"). Examples of these purposes include, but are not limited to:

◦recruitment, promotion, training or career development;
◦contact of next of kin in event of emergency;
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	◦
	employment administration;

'4 •
		
	◦
	pensions and benefits administration;

		
	◦
	work planning and management;

		
	◦
	provision of references to potential employers, financial institutions, or educational establishments;

		
	◦
	performance development reviews and other performance assessments, appraisals, etc.; and

		
	◦
	photographs used for identification cards, management reports or associate announcements.

		
	10.2
	The Employee understands and agrees that the Company may disclose the Employee's Personal Information to a third party or administrator, for the purpose of administering the Employee's employment relationship with the Company and consents to such disclosure.

11    NOTICES
All notices pursuant to or in connection with this Employment Agreement shall be given by one of the following methods: delivery by hand; or courier service. Notices shall be deemed received from the date the hand delivery or courier message is delivered to the applicable locations described below. All such notices shall be addressed, as applicable, to a party at its address as shown below:
		
	(a)
	The Company: Mold-Masters (2007) Limited  
233 Armstrong Avenue

Georgetown, Ontario
L7G 4X5
		
	(b)
	The Employee: Ling An-Heid  
1072 Truman Ave.

Oakville, ON  
L6H 1Y6
		
	11.2
	The Employee understands and agrees that it is, and shall remain, the Employee's sole responsibility to keep the Company informed and up-to-date with respect to any changes that may from time to time be made to the information set forth in Article 11.1(b) above.

12    SEVERABILITY
		
	12.1
	In the event that any provision or part of this Employment Agreement shall be deemed void or invalid by an authority of competent jurisdiction, then, that provision or part shall be deemed to be severed from the Employment Agreement and the remaining provisions or parts of this Employment Agreement shall remain in full force and effect. Without limiting the foregoing, if any provision of this Employment Agreement shall be determined, under applicable law, to be overly broad in duration, geographical coverage or substantive scope, such provision shall be deemed narrowed to the broadest term permitted by applicable law and shall be enforced as so narrowed.

13    AMENDMENT
		
	13.1
	This Employment Agreement shall not be amended or modified in any manner except by an instrument in writing signed by each of the Parties, or as otherwise contemplated by this Employment Agreement.

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14    ENTIRE AGREEMENT
		
	14.1
	This Employment Agreement constitutes the entire agreement between the Parties. Any and all previous Employment Agreements, written or oral, expressed or implied, between the Parties, relating to the Employee's employment are terminated and cancelled.

15    SATISFACTION OF ALL CLAIMS
		
	15.1
	The Employee agrees to accept the notice, pay in lieu of notice and severance pay if applicable, and benefits as stipulated in Article 7.1(c) in full and final settlement of all amounts owing to the Employee by the Company on termination, including any payment in lieu of notice of termination, and any and all entitlement the Employee may have under any applicable statute and any rights which the Employee may have at common law and the Employee hereby waives any claim to any other payments or benefits from the Company. In agreeing to the terms set out in this Employment Agreement, the Employee specifically agrees that upon receipt by the Employee, of the entitlements specified herein, this Article 15 shall constitute a full and final release, by the Employee, of any employment related claims arising out of the termination of the Employee's employment. Further, the Employee agrees to deliver to the Company all appropriate resignations from all offices and positions with the Company, if, as and when requested by the Company upon termination of the Employee's employment.

16    WAIVER
		
	16.1
	No waiver of any right under this Employment Agreement shall be deemed to have occurred unless contained in writing signed by the Party charged with such waiver, and no waiver of any right arising from any breach or failure to perform shall be deemed to be a waiver of any future right arising under this Employment Agreement.

17    INTERPRETATION OF THE AGREEMENT
		
	17.1
	The Parties acknowledge and agree that the language used in this Employment Agreement shall be deemed to be the language chosen by the Parties to express their mutual intent, and the Employment Agreement shall be interpreted without regard to any presumption or other rule requiring interpretation of the Employment Agreement more strongly against the Party causing it to be drafted; and,

		
	17.2
	The Parties acknowledge and agree that all headings used in the text of this Employment Agreement are for ease of reference only and the Parties specifically intend and agree that the headings shall not be used for the purposes of interpretation of the Employment Agreement.

18    INDEPENDENT LEGAL ADVICE
		
	18.1
	The Parties acknowledge and agree that they have each had the opportunity to obtain independent legal advice in connection with this Employment Agreement and the execution hereof and each of the Parties further acknowledges and agrees that it has read, understands and agrees with, all of the terms hereof and that it executes this Employment Agreement voluntarily and in good faith.

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19    COMPLIANCE WITH GOVERNING LAWS
		
	19.1
	This Employment Agreement shall be construed in accordance with the laws of the Province of Ontario, and the Federal laws applicable therein, and the parties agree to attorn to the jurisdiction of the Ontario Courts.

20    COUNTERPARTS
		
	20.1
	The Parties agree that this Employment Agreement shall be executed by the Parties on the dates, and at the places specified below, and shall be executed in two (2) counterparts, each of which shall be deemed to be an original but all of which together shall constitute one and the same instrument.

IN WITNESS WHEREOF the Company has caused this Employment Agreement to be executed
on its behalf in the Town of Georgetown, Ontario, this 20th day of December 2012.

	
			
	/s/ Susan Malcolmson
	 
	MOLD-MASTERS (2007) LIMITED

	 
	 
	 

	Susan Malcolmson
	 
	/s/  Connie Bender

	 
	 
	Name:  Connie Bender

	Witness: Signature, Name and Address
	 
	Title: VP Global Human Resources

IN WITNESS WHEREOF the Employee has executed this Employment Agreement on her own behalf in the Town of Georgetown, Ontario, this 20th day of December 2012.

	
			
	/s/ Connie Bender
	 
	/s/ Ling An-Heid

	 
	 
	 

	Connie Bender
	 
	Ling An-Heid

	 
	 
	 

	Witness: Signature, Name and Address
	 
	 

Mold-Masters (2007) Limited - Employment Agreement Page 12Exhibit

Exhibit 10.2

EMPLOYMENT CONTRACT FOR MANAGING DIRECTOR
1.THE UNDERSIGNED:
1.1    CIMCOOL INDUSTRIAL PRODUCTS B.V. a private limited Liability Company having its
registered office at Schiedamsedijk 20 in Vlaardingen, represented by [Robert McKee/Ronald D. Brown] as a member of the Company's supervisory board, hereinafter referred to as 'the Company';
and
1.2    Mr. Gerrit Jue residing at Dijkstraat 10, 3961 AA Wijk bij Duurstede, The Netherlands,
hereinafter also to be referred to as 'the Managing Director';
2.WHEREAS; 
		
	•
	on September 1, 2000 , the Company entered into an employment contract with Mr. Gerrit Jue for an indefinite period of time, hereinafter to be referred to as the 'Former Employment Contract';

		
	•
	in connection with the retirement of the current Statutair Directeur (" Managing Director") appointed pursuant to the Company's Articles of Association), the Company intends to appoint Mr. Gerrit Jue to the position of Managing Director (Statutair Directeur);

		
	•
	Mr. Gerrit Jue will be appointed as a Managing Director (Statutair Directeur) according to the Company's Articles of Association in a Shareholders Resolution dated July 21, 2003, and by way of signing this Managing Director's contract, accepts this appointment;

		
	•
	by way of this Managing Director's Contract, the parties wish to amend and add a number of the employment conditions contained in the Former Employment Contract in the context of Mr. Gerrit Jue's appointment as Managing Director (Statutair Directeur);

		
	•
	in this Employment Contract terms and conditions of the Collective Bargaining Agreement Metalektro (-CAO Metalektros) and the Cimcool Industrial Products B.V. employee policies booklet ("Bedrijfsregelingenboek")will be followed; and

		
	•
	this Employment Contract will replace the Former Employment Contract entirely as of June 1, 2003, with due consideration of the existing conditions and the service years according to the existing contract and the original employment date being September 1, 2000.

HAVE AGREED AS FOLLOWS:

3.Terms of the contract of employment
3.1    The contract of employment will commence on June 1, 2003, and is entered into for an
indefinite period of time and will terminate by operation of law on the date on which Managing Director reaches the legal retirement age.
3.2    The Company will follow the terms and conditions as set out in the Collective Bargaining
Agreement for the Metal and Electro Technical Industry 2002/2004 ("CAO Metalektro") and the Cimcool Industrial Products B.V. employee policies booklet ("Bedrijfsregelingenboek"). The Company will follow the modifications of the CAO Metalektro regarding the above terms and conditions.
3.3    With regard to determining the service years the original employment date as per the Former
Employment Contract , being September 1, 2000, shall be regarded as the employment date.
3.4    Any terms and conditions specifically agreed in this employment contract will supersede any
of the general conditions set out in the collective bargaining agreement (CAO) or the Cimcool Industrial Products B.V. employee policies booklet.
1.Notice
		
	4.1
	Either party may give written notice terminating the present contract of employment as of the end of each calendar provided that the employee will. provide 6 months notice and the Company will provide 12 months notice.

2.Position, rights and duties

		
	5.1
	The Managing Director will hold the position of Managing Director for the Company appointed under the Company's Articles of association. All the powers and commercial policy of the Company, with the exception of the powers described in the Company's Articles of Association which are reserved for the shareholders in general meeting, have been delegated to the Managing Director.

		
	5.2
	As Managing Director he will be responsible for the total Company his primary focus will be Marketing and Sales, Engineering and Research & Development. The Managing Director will report to the supervisory board and on an operational level to the President of Industrial Fluids.

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	5.3
	As Managing Director, he will have all the rights and obligations imposed on or granted to the Managing Director, as laid down in the Company's Articles of Association.

	
		
	The fixed base salary is paid in twelve equal monthly installments.
	 

		
	5.4
	The Managing Director covenants that he is prepared, on mutual agreement, to perform duties other than those that are considered his usual duties, if such performance may be reasonably expected from him.

		
	5.5
	Without the Company's prior written consent the Managing Director will, during his employment term, not perform any other work for pay or for no consideration, alone or with other persons, directly or indirectly, establish or conduct a business that is competitive with the Company's business in whatever form, or take any financial interest in or perform work gratuitously or for remuneration for such a business. This prohibition does not include normal private investment activities.

		
	5.6
	The Managing Director covenants that, at the Company's request and on mutual agreement, he will be willing to perform work for a Company affiliated with the Company.

		
	5.7
	The Managing Director will not be obliged to travel to places and or countries that are affected by war, catastrophe or are otherwise under threat. This will also apply in case of non-covering by the insurance policies.

6.Working hours and work place
		
	6.1
	The normal working week will run from Monday to Friday. The normal working hours amount to 40 hours a week, in conformity with the valid terms and conditions of the Collective Bargaining Agreement Metalektro MAO Metalektro').

6.2    The Managing Director will perform his work at the Company's offices located in Vlaardingen.
		
	6.3
	The Managing Director is prepared to work overtime and travel outside the normal working hours whenever a proper performance of his duties so requires. With respect to said overtime, an annual compensation of one month's salary will be paid in December of each year.

3.Salary
		
	7.1
	As of June 1, 2003 the Managing Director will be entitled to a fixed base salary of EUR 130.000 per annum.

The net monthly salary is transferred into a bank account, designated by Managing Director, on or around the 25th of every month.
		
	7.2
	The annual fixed base salary is increased by a holiday allowance of 8 %, the net amount to be transferred into the aforementioned bank account in June of each year together with the monthly salary payment referred to in 7.1.

8.Additional remuneration
		
	8.1
	The Managing Director will receive a signing bonus of 15,000 Euro, payable with the first paycheck reflecting the new salary stated in 7.1 above, following the signing of this Employment Contract.

		
	8.2
	The Managing Director will participate in the parent Company's incentive plan, known as the "Milacron Inc. Short Term Incentive Plan". Participation in this Plan has to be confirmed by the Company for each given year. Details of this Plan and the computation of bonus payment shall each year be determined by the Shareholders and be submitted by the President of Industrial Fluids. Under this Plan the Managing Director will be entitled to a bonus that may range from 0% to 40% of the gross annual base salary (as mentioned in Article 7 of this employment contract). The granting of the bonus is at the Company's discretion. The Managing Director can in no event lay claim to a bonus that has not yet been granted. The granting of a bonus in any given year or during several years will not create entitlement for any subsequent years.

9.    Holidays
		
	9.1
	Managing Director shall be entitled to a minimum of 25 days' holiday per holiday year on full pay. Extra leave may be granted with the approval of the General Meeting of Shareholders or the chairman of the Supervisory Board. These provisions shall apply for the full term of the contract of employment.

9.2    The holiday year commences on May 1 and terminates on April 30 in any given year.
10.    Additional functions and sidelines 
10.1 The Managing Director will inform the Company in good time of any additional functions or his proposed acceptance thereof (whether incidental or more permanent). If and to the extent additional functions could prejudice the Company's interests, the Company may prohibit the employee from undertaking such additional functions or make this conditional on compliance with certain conditions.

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10.2 Furthermore, the Managing Director must refrain from using any of the Company facilities, such as telephones, faxes, copiers or office supplies, in respect of the activities prohibited pursuant to this Article.
11.Expense allowances
11.1 Travel expenses and other necessary expenses incurred by the Managing Director in the furtherance of the Company's business and to properly perform his tasks shall be reimbursed to the Managing Director provided that this compensation may be provided tax free.
		
	11.2
	With respect to travelling, the Milacron Travel Accident Plan is applicable, of which the Managing Director declares to have received a copy.

11.2 With respect to travelling, the Company will provide travel insurance for the Managing Director's personal belongings.
12.    Telephone and data connection
12.1 The Company will reimburse the Managing Director for a mobile telephone, connection subscription and the costs of use, exclusively for business purposes.
12.2 The Company will compensate the Managing Director for the costs of business use on his private telephone according to the fiscally allowed reimbursements for private telephone connections.
12.3 The Company will reimburse the cost of a data connection to his private address and the use thereof.
13.    Company car

	
		
	13.1 The Company will provide the Managing Director with a Company car according to the Milacron Car Policy, of which the Managing Director declares to have received a copy. All the costs connected with the use of this car shall be for the Company's account. The Managing Director may also use this car for private purposes, all the costs connected with the private use shall also be for the Company's account. On termination of the contract of employment, irrespective of the way in which this is effected, the Managing Director must return the car to the Company at the end of the employment contract.
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13.2 The value of the private use as determined by the Dutch income tax law will be subject to personal income taxes. These personal income taxes will be borne by the Managing Director.
14.Pension
		
	14.1
	The Company will provide pension insurance for the Managing Director based on the general terms and conditions, with the exception of the maximum salary, of the Metalworking Industrial Pension Fund ("Stichting Bedrijfspensioenfonds voor de MetaalElektro") as per December 2002.

14.2 The pension insurance premium will be fully borne by the Company.
15.    Health Insurance
		
	15.1
	The Managing Director will be entitled to participate in the collective health insurance taken out by the' Company with CZ Zorgverzekeraar provided he fulfils the relevant conditions. The Managing Director declares to have received a copy of the conditions of that insurance and accepts the content thereof. The insurance premiums will be borne by the Managing Director (50%) and the Company (50%). The Managing Director authorizes the Company to withhold the contribution payable by him according to the applicable wage tax requirements. The Company will arrange for payment of the full premium to the insurance Company.

16.    Incapacity to work and disability insurance
		
	16.1
	The Company will provide disability insurance in favor of the Managing Director for the event when the Managing Director's illness or incapacity for work exceeds a period of twelve months. The Company will bear the cost for this supplementary disability insurance while it remains effective. Under the terms of this supplementary disability insurance the Managing Director will, in the event of total disablement, receive a monthly benefit equivalent to 70% of his most recent monthly salary (Including holiday allowance) less benefits payable under the Sickness Benefits Act or Disablement Benefits Act, or any benefits which may supersede these.

17.    Accident insurance
17.1 The Company will take out insurance on behalf of the Managing Director which guarantees a benefit in the event of permanent physical injury or death if the Managing Director is involved in an accident in the course of or outside his employment. The Company will pay the premium for this insurance in full.
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18.    Death benefit
		
	18.1
	In the event of the death of the Managing Director his dependants will receive a sum equivalent to three months' salary, not including the salary payable in the month in which the employee died. Payment of the Death benefit will take place in the month following the month of death. Dependants will be deemed to be:

		
	a)
	the surviving spouse, if the deceased and his spouse had not been permanently separated at the time of his death;

		
	b)
	in the absence of the person described under a., the children or other descendants of the Managing Director in the same proportion to which they are entitled to his estate.

19.    Liability insurance
19.1 The Company undertakes to take out insurance covering the liability of executive and non-executive directors (a 'BCA' insurance) with a maximum cover of EUR 20 million (with an annual indexation) per event in favor of the Managing Director.
The Company will pay the premiums stipulated by the insurer for the above insurance regularly on the due dates for as long as the Managing Director remains in the Company's employment. If the Managing Director discovers that he may be held liable in connection with his position as managing Director of the Company, or of any affiliated Companies, the Managing Director will immediately report this to the Company and adhere to the instructions of the Company, its insurer, or its advisors and provide for all information and documents.
20.    Confidentiality clause
20.1 Neither during the term of the employment contract nor upon termination thereof may the Managing Director inform any third party in any form, directly or indirectly, of any particulars concerning or related to the business conducted by the Company or its affiliated companies. This is including but not limited to technical, financial and business information and models, names of potential clients or partners, proposed transactions, reports, plans, market prognoses, computer software, databases, data, technical knowledge or other confidential proprietary information concerning the Company's business, which the Managing Director could reasonably have known were not intended for third parties, regardless of whether such information includes any reference to its confidential nature or ownership and regardless of how the Managing Director learned of the particulars.

	
		
	20.2 Other than for the benefit of the Company and within the scope of the normal work, the Managing Director may also not copy, compile, merge, assemble or process information, products or systems of the Company or disassemble, reproduce or decompile the source code o
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the computer software included in those products or systems or attempt to deduce the source code of such software in any other manner.
20.3 Contrary to the provisions of section 7:650(3) and 7:650(5) of the Dutch Civil Code, the Managing Director will forfeit a penalty equivalent to his gross monthly salary for three months if he breaches the provisions of subclauses 1 and 2 above, as well as a penalty of EUR 2,000 for every day on which such a breach continues after Managing Director has been notified of such breach by registered letter without prejudice to the Company's right to claim compensation for the losses it has actually incurred instead of a penalty.
21.Intellectual property rights
		
	21.1
	All intellectual property rights, including but not limited to patent rights, design rights, copyrights and related rights, database rights, trademark rights and chip rights, ensuing, in the Netherlands and abroad, from the work performed by the Managing Director under his employment contract and during a period of one year after termination thereof, will be exclusively vested in the Company. The Managing Director may not independently disclose, multiply, use, manufacture, bring on the market or sell, lease, deliver or otherwise trade, offer on behalf of any third party, or commission the registration of the results of his work.

21.2 Insofar as the rights specified hereinafter are not vested in the Company by operation of law on the grounds of the employment contract between the parties, the Managing Director covenants that he will transfer and, insofar as possible, hereby transfers to the Company any intellectual property rights of any nature in or arising from work performed (inventions made) by the Managing Director in the discharge of his duties, both in the Netherlands and abroad.
22.    Indemnification
22.1 The Company will grant the Managing Director damages or compensation if and insofar the employment contract with the Managing Director is terminated before his legal retirement age (currently 65 years ), for a reason other than the reasons mentioned below:
		
	a.
	an urgent reason as defined in Article 7:678 of the Dutch Civil Code;

		
	b.
	a weighty reason under Article 7:685 of the Dutch Civil code that constitutes an urgent reason as defined in Article 7:678 of the Dutch civil code;

The compensation described below shall also be payable if the contract of employment is terminated on the managing Director's initiative, provided that the Managing Director can reasonably demonstrate that it cannot be expected from him in all reasonableness to
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stay with the Company

22.2    If the situation described in Article 22.1 arises, the Company will grant the Managing
	
		
	9
	 

Director compensation in the amount of two years salary. Salary means the last-earned gross base salary under this employment contract including the pension premiums as mentioned in article 14 of this Agreement, the holiday allowance referred to in Article 7, and the value of private use of the car referred to in Article 13 , to be fixed annually at the sum computed for income tax purposes, less any amounts received pursuant to Article 4 "Notice Period". The Company therefore is entitled to pay the contractual notice in lieu of notice to the Managing Director and shall deduct this amount in full from the contractual compensation due to the Managing Director referred to in this clause. This Article 22 therefore will not entitle the Managing Director to claim the notice period in addition to the contractual compensation.
22.3    The manner of payment of the amount shall be at the Managing Director's discretion,
provided that from a tax perspective it remains within the acceptable limits. In the event the Managing Director wishes to receive the payment for a future right to periodical payments ("stamrecht") within the meaning of Article 11 (1) (g) of the Dutch 1964 Wages and Salaries Tax Act ("Wet op de Loonbelasting 1964") or for an annuity ("Lijfrente"), he will provide the Company timely with the required
documents on the basis of which the Company can establish — prior to payment — that such payment without any deduction of taxes is allowed in accordance with Dutch Tax Laws.
23.Return of Property
23.1 At the end of the employment contract, the Managing Director will be obliged to immediately return to the Company all property belonging to the Company, including materials, documents and information copied in any form whatsoever, articles, and keys. The Managing Director will also be obliged to return the Company car that may have been made available to the Managing Director within the framework of his position, together with the accompanying keys, papers (vehicle registration certificate) and other accessories.

23.2 Notwithstanding the provisions of Article 7:650(3), (4) and (5) of the Dutch Civil Code, if the Managing Director fails to return any of the items as referred to in paragraph 1 of this Article, the Company has the right to claim compensation.
24.    Final provisions

24.1 This employment contract and the appendices will be governed by the laws of the Netherlands.
24.2 Any amendments or additions of this employment contract must be agreed and signed by both parties in writing in order to be effective.
24.3 If provisions of this employment contract should be void, invalid or unfeasible this will not have an impact on the validity of the other provisions. The void, invalid or unfeasible provision then shall be replaced, on mutual agreement, by another valid and feasible provision leading as close as possible to the same (economic and legal) result.
24.4 This contract shall supersede all previous contracts between the parties with exception of the seniority.
Drawn up in duplicate originals and signed in Vlaardingen on August 15th, 2003,

/s/ Robert McKee
Mr. Robert McKee
President Industrial Fluids

/s/ Gerrit Jue            Mr. Gerrit Jue
Managing Director

/s/ Ronald Brown
Mr. Ronald Brown  
Chairman & CEO

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