Document:

Unassociated Document

    

      TOOLING
        AMORTIZATION AGREEMENT

      

      This
        Tooling Amortization Agreement dated as of April 20, 2007 (this “Agreement”), by
        and between Alltrista Plastics Corporation., d/b/a Jarden Plastic Solutions
        a
        Delaware corporation with an office at 345 South High Street, Suite 201,
        Muncie,
        Indiana 47305-2398 (“Seller”) and Innopump, Inc., d/b/a Versadial, a Nevada
        corporation with an office at 305 Madison Avenue, New York, NY 10165
        (“Buyer”).

       

      Seller
        and Buyer have entered into a Supply Agreement dated as of event date herewith
        (the “Supply Agreement). This Agreement is the Amortization Agreement referred
        to in the Supply Agreement.

       

      TOOLING.
        Buyer
        shall reimburse Seller for all amortized costs of molds and other tools and
        equipment (the “Tooling”) incurred by Seller that are required for the
        production of the parts to be used in the manufacture of 40MM and 49MM Dual
        Chambered Pumps (the “Products”) under the Supply Agreement (the ‘Tooling”), as
        provided for in this Agreement.

       

      Subject
        to the terms and provisions of the Supply Agreement, during the period beginning
        on the date of the receipt of Products by Buyer from the first commercial
        run of
        the Products (the “Start Date”) and for a period of eighteen (18) months
        thereafter, Buyer will either (i) continue purchasing from Seller the Products
        produced using the Tooling until the Tooling is fully amortized during the
        Amortization Period as set forth below, or (ii) reimburse Seller for the
        unamortized portion of the Tooling as set forth below. The reimbursement
        due
        from Buyer to Seller for Tooling shall be calculated as follows:

      

        
          	
                  a.

                	
                  The
                    specified price for the Tooling plus annual interest at the rate
                    of 3% per
                    annum (calculated on the basis of twelve (12) thirty (30) day
                    months,
                    which shall compound on a monthly basis, which shall commence
                    to accrue
                    from the Start Date) over the Amortization Period (as defined
                    below) of
                    the Tooling (“Tooling Cost”) shall be as set forth on Schedules A-D
                    attached hereto. “Amortization Period” shall mean the payment period for
                    the Tooling expressed in months as specified on Schedules A-D
                    attached
                    [hereto] [to the Supply Agreement], as it may be extended pursuant
                    to the
                    Supply Agreement. The Amortization Period shall be extended if
                    the Seller
                    is not able to meet the Purchase Orders submitted by Buyer in
                    accordance
                    with Supply Agreement.

                

        

         

        
          	
                  b.

                	
                  For
                    the purpose of this Agreement, such Tooling shall be deemed to
                    be capable
                    of producing the number of units of finished Product specified
                    on
                    Schedules A-D attached hereto during the Amortization Period
                    (“Tooling
                    Amortization Quantity”).

                

        

         

        
          	
                  c.

                	
                  Seller
                    will calculate and specify the Tooling Cost per unit of finished
                    Product
                    manufactured (“CFPM”) by dividing the Tooling Cost by the Tooling
                    Amortization Quantity.

                

        

         

        
          	
                  d.

                	
                  For
                    each unit of finished Product the Buyer purchases from Seller,
                    the CFPM
                    shall be added to the purchase price of such finished
                    Product.

                

        

         

        
          	
                  e.

                	
                  For
                    each unit of finished Product less than the Tooling Amortization
                    Quantity
                    which Buyer does not purchase within the Amortization Period,
                    Buyer shall
                    pay Seller the CFPM within thirty (30) days of the end of the
                    Amortization
                    Period. For example, if the Tooling Amortization Quantity is
                    20,000,000
                    units, and Buyer purchases 10,000,000 units of finished Product
                    from
                    Seller, then Buyer shall pay Seller the CFPM multiplied by 10,000,000
                    units (20,000,000 less 10,00,000).

                

        

         

      

      Except
        as
        otherwise provided in the Supply Agreement, Seller’s right to reimbursement
        hereunder shall be unaffected by future developments with respect to the
        Supply
        Agreement including its abandonment or termination or any increases or decreases
        in production volume. 

       

      The
        Tooling shall remain the sole and exclusive property of Buyer.

       

      
        
           

        

        
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      CONTRACTOR
        STATUS.
        The
        Parties are and shall remain independent contractors with respect to each
        other,
        and nothing in this Agreement shall be construed to place the Parties in
        the
        relationship of partners, joint ventures, fiduciaries or agents. Neither
        Party
        is granted any right or authority to assume or to create an obligation or
        responsibility, express or implied, on behalf of or in the name of the other
        or
        bind the other in any manner whatsoever.

       

      AGREEMENT
        ENTIRETY; AMENDMENT.
        The
        Parties agree that the terms and conditions this Agreement (including, the
        Schedule attached hereto), when signed by the duly authorized representatives
        of
        both Parties, together with the Supply Agreement (including the Schedules
        and
        Exhibits attached thereto), constitute the entire understanding and agreement
        between the Parties regarding the subject matter of this Agreement, and
        supersede all prior or contemporaneous agreements, oral or written, made
        between
        the Parties relating to such subject matter. To the extent there is any
        inconsistency between the terms and provisions hereof and those of the Supply
        Agreement, the terms and provisions of the Supply Agreement shall govern
        and be
        controlling. This Agreement may not be amended, modified, discharged other
        than
        by an instrument in writing executed by each of the Parties hereto.

       

      WAIVER.
        Any
        waiver by a Party of any breach of or failure to comply with any provision
        or
        condition of this Agreement by the other Party shall not be construed as,
        or
        constitute, a continuing waiver of such provision or condition, or a waiver
        of
        any other breach of, or failure to comply with, any other provision or condition
        of this Agreement, any such waiver to be limited to the specific matter and
        instance for which it is given. No waiver of any such breach or failure or
        of
        any provision or condition of this Agreement shall be effective unless in
        a
        written instrument signed by the Party granting the waiver. No failure or
        delay
        by either Party to enforce or exercise its rights hereunder shall be deemed
        a
        waiver hereof, nor shall any single or partial exercise of any such right
        or any
        abandonment or discontinuance of steps to enforce such rights, preclude any
        other or further exercise thereof, at any time whatsoever.

       

      SEVERABILITY.
        The
        Parties agree that should any provision of this Agreement be held to be invalid,
        illegal or unenforceable in any jurisdiction by a court of competent
        jurisdiction, that holding shall be effective only to the extent of such
        invalidity, illegally or unenforceability without invalidating or rendering
        illegal or unenforceable the remaining provisions hereof, and any such
        invalidity, illegally or unenforceability in any jurisdiction shall not
        invalidate or render unenforceable such provision in any other jurisdiction.
        It
        is the intent of the Parties that this Agreement be enforced to the fullest
        extent permitted by applicable law.

       

      ASSIGNMENT.
        This
        Agreement is not for the benefit of any third party (other than the indemnities
        of a Party) and shall not be deemed to give any right or remedy to any such
        third party whether or not referred to in this Agreement. Neither Jarden
        Plastic
        Solutions nor Versadial will have the right to assign the Agreement without
        the
        prior written consent of the other Party hereto. Subject to the foregoing,
        this
        Agreement shall be binding upon, and inure to the benefit, of the Parties,
        their
        successors (by merger, consolidation or other similar transaction or a purchaser
        of all of the stock or other equity interests or assets of a Party) and
        permitted assigns.

       

      AMBIGUITIES.
        Ambiguities, if any, in the Agreement shall not be construed against any
        Party,
        irrespective of which Party may be deemed to have authored the ambiguous
        provision. Each Party has been represented by competent legal counsel of
        its
        choosing in connection with its negotiation of this Agreement, and therefore,
        this Agreement shall be interpreted and construed as if it were drafted jointly
        by the Parties.

       

      GOVERNING
        LAW.
        The
        Agreement shall be deemed to have been made in New York, New York, and shall
        be
        governed by and construed in accordance with the laws of the State of New
        York,
        U.S.A. without regard to the conflict of laws principles which would result
        in
        the application of the substantive law of another jurisdiction.

       

      HEADINGS;
        COUNTERPARTS, ETC.
        The
        section headings contained in this Agreement are inserted for reference purposes
        only and shall not affect in any way the meaning, construction or interpretation
        of this Agreement. Any reference to the masculine, feminine, or neuter gender
        shall be a reference to such other gender as is appropriate. References to
        the
        singular shall include the plural and vice versa. This Agreement may be executed
        in two (2) or more counterparts, and by the different Parties hereto in separate
        counterparts, each of which when executed shall be deemed to be an original,
        and
        all of which, when taken together, shall constitute one and the same document.
        This Agreement may be executed by facsimile signature which shall constitute
        a
        legal and valid signature for purposes hereof. Any reliable reproduction
        of this
        Agreement by reliable means shall be considered an original of this
        Agreement

       

      
        
           

        

        
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      IN
        WITNESS WHEREOF, each of the Parties has caused this Agreement to be duly
        executed by an authorized representative as of the day and year first written
        above.

       

      
        	 	
                ALLTRISTA
                  PLASTICS CORPORATION d/b/a 

                JARDEN
                  PLASTIC SOLUTIONS

                 

              
	 	
                 

                By:/s/
                  Chuck Villa

                Name: Chuck
                  Villa

                Title:
                   President

                 

                 

              
	 	
                INNOPUMP
                  INC., d/b/a VERSADIAL

                 

              
	 	
                 

                By:/s/
                  Geoffrey Donaldson

                Name: Geoffrey
                  Donaldson

                Title: President/CEO

                 

              

      

      

      
        
           

        

        
          Page
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            3Unassociated Document

    Employment
      Agreement

    

    Decided
      by the Board of Directors, Ms. Ren, Ying, is appointed as the Chief Executive
      of
      Finance of Yanbian Huaxing Ginseng Co., Ltd.

    

    Main
      responsibilities of the position are as follows:

    

    
      	 	
              1.

            	
              Oversee
                the corporate finance in accordance with the Accounting
                Regulations of the People’s Republic of China,
                General
                Principles of Corporate Finance,
                and Financial
                Management System
                developed by the company.

            

      	 	 	 

    

    
      	 	
              2.

            	
              Assist
                the president to manage and supervise corporate finance, perform
                the
                financial decisions by the board of directors accurately, take charge
                of
                the allocation of all the corporate capitals, manage the capitals
                of the
                company’s investments, handle the operation of the corporate capitals and
                related activities, and manage the securities of the
                company.

            

      	 	 	 

    

    
      	 	
              3.

            	
              Develop
                corporate financial plan, control auditing analysis, raise capitals
                legally, make use of the corporate assets effectively, and make every
                effort to increase the corporate economic
                benefits.

            

      	 	 	 

    

    
      	 	
              4.

            	
              Supervise
                and manage the finances of the subsidiaries of the
                company.

            

      	 	 	 

    

    
      	 	
              5.

            	
              Coordinate
                financial and related activities with the departments dealing with
                business, tax, and banks.

            

    

    

    The
      first
      three months of employment from August 25, 2005 to November 25, 2005 will be
      the
      probation period. Monthly wage will be CNY$1,500. If considered not competent
      for the job, the employee will be dismissed at any time during the probation.
      After that, permanent employment period will be three years from December 2005
      to December 2007. Monthly wage will be CNY$2,000. According to the law of the
      state, employment health insurance will be provided.

     

    Employee:
      Ren, Ying

    Yanbian
      Huaxing Ginseng Co., Ltd.

    August
      25, 2005

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