Document:

EXHIBIT 10.2

EXHIBIT 10.2

(English Translation of an Agreement drafted in Mandarin in Chinese)

Agreement on Payment of Charges for the obtaining of Approval for Construction

Party A   :    Shanghai Quo Advertising Company Limited

Party B   :    Nanjing Yiyi Culture Advertising Company Limited 

	
1.      		
Definition of Charges	
	 
	 	
In this Agreement, “Charges” means the approval fees payable in order to obtain the approval of the project for the construction of full coloured LED panels project in the City of Nanjing
(“Project”).	
	 
	
2.      		
The Amount of Charges	
	 
	 	
The aggregate amount of the Charges shall be RMB100,000.00 only, inclusive of all relevant taxes.	
	 
	
3.      		
Method of Payment	
	 
	 	
(a)      		
Party A agrees and undertakes that it will pay the sum of RMB300,000.00 to Party B within 7 working days after the signing of the Business Joint Venture Agreement between Nanjing Yiyi Culture Advertising Company Limited and
Shanghai Quo Advertising Company Limited for the Project for the construction of full colored LED panels in the City of Shanghai.	
	 
	 	
(b)      		
The Charges constitute all the charges and expenses payable by Party B in the stage of the Project throughout the process for the application for approval for the Project.	
	 
	
4.      		
Other Terms	
	 
	 	
(a)      		
Neither party to this Agreement may disclose the contents of this Agreement to a third party in any manner without the disclosure being approved by both parties. In the event of one of the parties hereto contravening this
covenant the party who violates this covenant shall bear and be responsible for all legal and economical liabilities thereby occasioned.	
	 
	 	
(b)      		
This Agreement will take effect officially on the date of signature of the same
by both Party A and Party B.	
	 

1

	 
	
 	
(c)           		
This Agreement is made in duplicate and each of Party A and Party B shall be entitled to retain one of the duplicate and the duplicate Agreements shall have equal effect under the law.	
	 
	
 	
(d)      		
All matters that have not been adequately provided for in the terms of this Agreement may be resolved by friendly negotiation between the parties hereto and upon the parties reaching consensus on such matter, may be put
into a legal document as a supplement to these presents. Supplementary agreements like that shall have legal effects equal to this Agreement.	
	  

	
Party A : Shanghai Quo Advertising 
		
 	
Party B : Nanjing Yiyi Culture 
	
	
Company Limited 
		
 	
Advertising Company Limited 
	
	
Representative : Hu Xiao 
		
 	
Representative : Wei Kai Ming 
	
	
 
	
	
/s/ Hu Xiao 
		
 	

  /s/ Wei Kai Ming 
	

	
 
	
	
 
	
	
Date of Signing : 
		
 	
Date of Signing : 
	
	
9th February, 2007 
		
 	
9th February, 2007 
	
	
(Seal of Corporation) 
		
 	
(Seal of Corporation) 
	

 

 

 

2Form of Bonus Plan

Exhibit 10.1

SonoSite, Inc.

FY2007 Variable Incentive Bonus Plan

1. Purpose

The SonoSite, Inc FY2007 Variable Incentive Bonus Plan (the "Plan") is intended to: (i) enhance shareholder value by promoting strong linkages between employee contributions and company performance; (ii) support
achievement of the business objectives of SonoSite, Inc. and its subsidiaries (the "Company"); and (iii) promote retention of participating employees.

2. Effective Date

This Plan is only effective for the Company's 2007 fiscal year beginning January 1, 2007, through December 31, 2007 (the "Plan Year"). This Plan is limited in time and will expire automatically on December 31, 2007
("Expiration Date"). This Plan also supersedes all prior bonus or commission incentive plans, whether with the Company or any subsidiary or affiliate thereof, or any written or verbal representations regarding the subject matter of this Plan.

3. Administration

	
(a)     

	
The Plan shall be administered by the Compensation Committee of the Board of Directors of the Company (the "Administrator"). The Administrator shall have all powers and discretion necessary or appropriate to
administer the Plan and to control its operation, including, but not limited to, the power to (a) determine which employees are eligible to participate in the Plan, (b) prescribe the terms and conditions of the variable incentive plan payouts hereunder (as
further defined in Section 5 below, the "VIP Payouts"), (c) interpret the Plan and the VIP Payouts, (d) adopt rules for the administration, interpretation and application of the Plan as are consistent therewith, and (e) interpret, amend or revoke any such
rules. The Company's President and its Vice President, Human Resources will be responsible for implementing the Plan.

	
          

	
                                                                                                                                                                            

	
(b)

	
All determinations and decisions made by the Administrator, the Board, and any delegate of the Administrator pursuant to the provisions of the Plan shall be final, conclusive, and binding on all persons, and
shall be given the maximum deference permitted by law.

	
          

	
                                                                                                                                                                            

	
(c)

	
The Administrator, in its sole discretion and on such terms and conditions as it may provide, may delegate all or part of its authority and powers under the Plan to one or more directors and/or officers of the
Company.

	
          

	
                                                                                                                                                                            

	
(d)

	
The Company shall provide a copy of the Plan to each Participant (as defined in Section 4 below) and communicate to each Participant his or her Incentive Target Percentage as well as provide information about the
Performance Graph (as each such term in defined in Section 5 below).

4. Eligibility

Any full-time regular employee of the Company may be eligible to participate in this Plan, provided he or she is designated by the Administrator as a participant and as to whom the Administrator has not, in its sole
discretion, withdrawn such designation (a "Participant") and he or she meets all the following conditions:

	
(a)     

	
he or she has signed the individualized Executive Compensation Plan to which this Plan is attached;

	
          

	
                                                                                                                                                                            

	
(b)

	
is a full-time regular employee of the Company as of both (1) the last day of the Plan Year, and (2) the date the payment is made (subject to Section 6 below);

	
          

	
                                                                                                                                                                            

	
(c)

	
is not concurrently participating in a sales incentive or commission plan, or in any other bonus plan operated by or bonus contract with the Company;

	
          

	
                                                                                                                                                                            

	
(d)

	
has not entered into an agreement relating to termination of his or her employment with the Company (other than an employment agreement or offer letter, change of control agreement, or equity compensation
agreement that provides for certain benefits in connection with the Participant's future termination of employment);

	
          

	
                                                                                                                                                                            

	
(e)

	
has not transferred to a position with the Company that either (1) is not eligible for participation in this Plan (as determined in the Administrator's sole discretion), or (2) is eligible for participation in
another annual bonus program offered by the Company; and

	
          

	
                                                                                                                                                                            

	
(f)

	
is not subject to a Performance Improvement Plan or other disciplinary actions, including has not engaged in any activity that the Administrator determines to be competitive with the Company and its
business.

5. Plan Metrics

	
(a)     

	
Subject to Section 5(b), the VIP Payout under this Plan for each Participant will be calculated based upon the following formula (the "Payout Formula"):

	
          

	
                                                                                                                                                        

	
Base

	
  X  

	
Incentive Target

	
  X  

	
Matrix Percentage  

	
(Revenue Factor and Operating

	
  =  

	
VIP

	
Salary

		
Percentage

		
Factor

	
Profits Factor)

		
Payout

	
          

	
                                                                                                                                                          

		
The Base Salary is the Participant's base salary actually paid to the Participant for the Plan Year; provided that such base salary will be pro-rated based on hire or promotion date or to take into account any leaves of
absence.  Nothing in this Plan, or arising as a result of a Participant's participation in this Plan, shall prevent the Company from changing a Participant's Base Salary at any time based on such factors as the Company shall in its discretion determine
appropriate.

	
          

	
		
Incentive Target Percentage is a percentage of Base Salary determined by the Administrator according to such factors as it, in its sole discretion, deems appropriate, including based upon job function, individual Participant
performance, competitive market data and historical Company compensation.

	
          

	
		
Matrix Percentage Factor shall be a percentage set forth in a graph (the "Performance Graph") approved by the Administrator, in which one axis shall reflect the Revenue Factor and the other axis shall reflect the Operating
Profits Factor.  In calculating actual VIP Payouts, determination of the applicable Matrix Percentage Factor for the above formula shall be made with reference to actual Company annual results with respect to each of the Revenue and the Operating Profits
Factors.

	
          

	
                                                                                                                                                          

		
Revenue Factor is determined based upon the achievement by the Company of annual corporate revenue targets established by the Administrator. Revenue shall be measured in accordance with generally accepted accounting
principles, excluding certain one-time extraordinary charges as determined by the Administrator. When the Revenue Factor falls between the stated targets, the Revenue Factor will be determined using a straight-line interpolation approach.

	
          

	
                                                                                                                                                          

		
Operating Profit Factor is determined based upon the achievement by the Company of annual corporate operating profit targets established by the Administrator. Operating profit shall be defined as EBIT (Earnings Before Interest
and Taxes) and shall be measured in accordance with generally accepted accounting principles, excluding certain one-time extraordinary charges or other adjustments as determined by the Administrator. When the Operating Profit Factor falls between the stated targets,
the Operating Profit Factor will be determined using a straight-line interpolation approach.

	
          

	
                                                                                                                                                          

	
(b)

	
All VIP Payouts shall be paid from the general assets of the Company, but only to the extent that the operating profit of the Company includes accruals for the VIP Payouts.  Notwithstanding anything to the contrary
contained herein, the Administrator has the discretion to determine to pay less than the full amount (including to pay zero percent) of the VIP Payout to which any Participant would otherwise be entitled, which determination shall be based upon such factors as the
Administrator determines appropriate (including without limitation as a result of the Company's or a Participant's failing to achieve one or more objectives with respect to the Plan Year, as a result of which it would be against the best interests of the Company and
its shareholders to pay all or any portion of such VIP Payout).  In addition, the maximum amount of VIP Payout to which any individual Participant may become entitled hereunder shall not exceed $2,000,000.

	
          

	
                                                                                                                                                          

	
(c)

	
VIP Payouts shall be unsecured, unfounded obligations of the Company.  To the extent they have any rights under this Plan, Participants' rights shall be those of general unsecured creditors of the Company. In the event of
a Participant's death, participation in the Plan will cease.  Earned prorated VIP Payouts will be paid to the employee's estate after the end of the Plan Year  (as provided in Section 6 below) but only to the extent VIP Payouts are made to other Plan
Participants.

	
          

	
                                                                                                                                                          

	
(d)

	
In the event of a Participant's death, participation in the Plan will cease.  Earned prorated VIP Payouts will be paid to the employee's estate after the end of the Plan Year  (as provided in Section 6 below) but
only to the extent VIP Payouts are made to other Plan Participants.

	
          

	
                                                                                                                                                          

	
(e)

	
VIP Payouts for Participants designated for participation by the Administrator after the beginning of the fiscal year will be pro-rated to reflect actual length of service during the Plan Year (with such pro-ration occurring
either through the amount of Base Salary reflected in the Payout Formula or otherwise in order to reflect the appropriate amount of VIP Payout given actual length of service).  Pro-rationing shall be based upon number of full months worked, with credit being
given for a full month of service if the Participant worked for at least 15 calendar days of any month.

	
          

	
                                                                                                                                                          

	
(f)

	
VIP Payouts for Participants with unpaid leaves of absence (other than FMLA or leaves of absence required under federal, state or local law or regulations) exceeding 90 days during the Plan Year (not including PTO used or
eligible medical/family leave) will be pro-rated to exclude the entire leave of absence. VIP Payouts for Participants with leaves of absence less than or equal to 90 days during FY2007 will not be pro-rated to exclude the leave of absence.

6. Timing and Form of Payment of VIP Payouts

Subject to the terms and conditions of this Plan, VIP Payouts shall be made on an annual basis by March 1 following the end of the Plan Year.

7. Plan Changes; No Entitlement

The Administrator may at any time amend, suspend, or terminate this Plan, including amending any aspect of the Payout Formula or the Performance Graph and may amend the Plan so as to ensure that no amount paid or to be paid
hereunder shall be subject to the provision of Internal Revenue Code Section 409A(a)(1)(B).  Nothing in this Plan is intended to create an entitlement to any employee for any incentive payment hereunder.

8. General Provisions

	
(a)     

	
Tax Withholding. The Company shall withhold all applicable taxes from any VIP Payout, including any federal, state and local taxes.

	
          

	
                                                                                                                                                                            

	
(b)

	
No Effect on Employment or Service. Nothing in the Plan shall interfere with or limit in any way the right of the Company to terminate any Participant's employment or service at any time, with or without cause.
Employment with the Company is on an at-will basis only. The Company expressly reserves the right, which may be exercised at any time, to terminate any individual's employment with or without cause without regard to the effect it might have upon him or her as a
Participant under this Plan.

	
          

	
                                                                                                                                                                            

	
(c)

	
Nontransferability of Awards. No award granted under the Plan may be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will, by the laws of descent and distribution. All
rights with respect to an award granted to a Participant shall be available during his or her lifetime only to the Participant.

	
          

	
                                                                                                                                                                            

	
(d)

	
Severability. In the event any provision of the Plan shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed
and enforced as if the illegal or invalid provision had not been included.

	
          

	
                                                                                                                                                                            

	
(e)

	
Governing Law. The Plan and all awards shall be construed in accordance with and governed by the laws of the State of Washington, but without regard to its conflict of law provisions.

	
          

	
                                                                                                                                                                            

	
(f)

	
Entire Agreement. This Plan, and any resolutions of the Compensation Committee of the Board amending the Plan, is the entire understanding between the Company and the employee regarding the subject matter of this
Plan and supersedes all prior bonus or commission incentive plans, or employment contracts whether with any subsidiary, or affiliate thereof (including SonoSite, Inc.) or any written or verbal representations regarding the subject matter of this Plan. Participation
in this Plan during the Plan Year will not convey any entitlement to participate in this or future plans or to the same or similar bonus benefits. Payments under this Plan are an extraordinary item of compensation that is outside the normal or expected compensation
for the purpose of calculating any extra benefits, termination, severance, redundancy, end-of-service premiums, bonuses, long-service awards, overtime premiums, pension or retirement benefits or other similar payment.

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