Document:

Mount Knowledge Holdings, Inc.: Exhibit 10.5 - Filed by newsfilecorp.com

USE OF EXISTING TRAINING CONTENT AGREEMENT

This USE OF EXISTING TRAINING CONTENT AGREEMENT (this
"Agreement") is made and entered into effective this 31st day of
December 2010 by and between LANGUAGE KEY ASIA LTD., a Hong Kong Corporation,
hereinafter referred to as (the "Company"), and THE LANGUAGE KEY LTD, a British
Virgin Islands corporation and/or its successor company. 

The Parties agree that, following the execution of this
Agreement, THE LANGUAGE KEY LTD., (a BVI company) and/or its successor company
would be granted a licensing right to use, rework, and/or publish certain
existing training content, as solely identified in ‘EXHIBIT A – List of Course
Content’ owned and held by The Language Key Training Ltd. (a Hong Kong company)
and/or its successor company, for a term of eighty-eight (88) years as of the
date set forth hereinbelow.

IN WITNESS WHEREOF, the parties hereto have placed their
signatures hereon on the day and year first above written. 

	WITNESSES: 	 	SHAREHOLDERS 
	  	 	  
	  	 	  
	  	 	LANGUAGE KEY ASIA LTD., 
	  	 	A Hong Kong Incorporated Corporation 
	Print Name: 	 	  
	  	 	  
	  	 	  
	  	 	/s/
      Dirk Haddow 
	  	 	BY: Dirk Haddow 
	  	 	ITS: President and CEO 
	  	 	  
	  	 	  
	  	 	  
	  	 	THE LANGUAGE KEY LTD., 
	  	 	A British Virgin Islands Corporation 
	Print Name: 	 	  
	  	 	  
	  	 	  
	  	 	/s/
      Mark Wood 
	  	 	BY: Mark Wood, Individually

Exhibit A – List of Course Content 

See Attached.China Skyrise Digital Service Inc.: Exhibit 10.1 - Filed by newsfilecorp.com

Exhibit 10.1

EMPLOYMENT AGREEMENT 

This Employment Agreement (“Agreement”), dated as of
December 30, 2010, is entered into between China Skyrise Digital Service Inc., a
company established in the United States with its principal office located at
4/F, M-3rd Building, Hi-tech Industrial Park, Nanshan District, Shenzhen 518070,
People’s Republic of China (“Company”), and Mr. Jiabo Fan (the
“Executive”).

WHEREAS, the Company desires to engage the Executive as, and
the Executive agrees to serve as, Chief Financial Officer of the Company, upon
the terms and conditions contained herein. 

NOW THEREFORE, for good and valuable consideration, the
sufficiency of which is hereby acknowledged by the parties, the parties hereto
hereby agree as follows: 

1.  

EFFECTIVENESS OF AGREEMENT AND EFFECTIVE
DATE 

This Agreement will be effective as of December 1, 2010 (the
“Effective Date”). 

2. 

EMPLOYMENT AND DUTIES 

2.1. 

General. The Executive will perform
such duties and services for the Company as may be designated from time to time
by the Board of Directors of the Company (the “Board”) or the Chief
Executive Officer of the Company. The Executive agrees to serve the Company
faithfully and to the best of his ability under the direction of the Board and
the Chief Executive Officer of the Company and to carry out the functions
typically performed by a Chief Financial Officer, including but not limited to
responsibility for (i) all financial management and accounting for the Company,
(ii) compliance with local GAAP principles (and in a form that can be converted
into US GAAP) and all applicable regulatory authorities, and (iii) supervising
the Company’s compliance with its SEC reporting obligations, its internal
controls and other corporate governance obligations, the Sarbanes-Oxley Act and
other applicable securities laws. 

2.2. 

Term of Employment. The Executive’s
employment under this Agreement will commence as of the date hereof and will
terminate on the third year following the Effective Date; provided,
however, that the term of the Executive’s employment will be automatically
extended without further action of either party for additional one (1) year
periods unless written notice of either party’s intention not to extend has been
given to the other party hereto at least thirty (30) days prior to the
expiration of the then effective term (the initial term and any extensions
thereof, the “Term of Employment”). Notwithstanding the foregoing, the
Executive’s employment may be terminated during the Term of Employment as
provided in Section 5 below. 

2.3. 

Reimbursement of Expenses. Unless
otherwise agreed to by the Executive and the Company, the Company will reimburse
the Executive for reasonable travel and other business expenses incurred by him
to fulfill his duties hereunder upon presentation by the Executive of an
itemized account of such expenditures, in accordance with Company practices
consistently applied. 

3. 

COMPENSATION

3.1.  

Base Salary. From the Effective Date,
the Executive will be entitled to receive a base salary (“Base Salary”)
at a rate of RMB 33,000 (approximately $5,000) per month, payable in accordance
with the Company’s payroll practices and applicable law. If the rate of the
monthly Base Salary paid to Executive is increased during the Term of
Employment, such increased rate will thereafter constitute the Base Salary for all purposes of this Agreement, provided, however, that the
Base Salary will not be decreased during the Term of Employment without the
mutual consent of Executive and the Company. 

3.2. 

Annual Review. The Executive’s Base
Salary will be reviewed by the Board, based upon the Executive’s performance not
less than annually. 

3.3. 

Bonus Compensation. In addition to
his Base Salary, Executive may receive an annual performance bonus (the
“Bonus”) for each calendar year during the Term of Employment as may be
awarded to the Executive from time to time by the Board, in the sole and
absolute discretion of the Board. 

3.4. 

Taxes. The Company shall be
responsible for the employer’s share of taxes as required by United States laws
and regulations and the Executive shall be responsible for payment of any
personal income or other taxes in the PRC and the United States; provided,
however, that if the Company requires the Executive to travel within the United
States for more than thirty-five (35) days during any period of twelve (12)
consecutive months and, as a result solely of such required travel within the
United States, the Executive is unable to claim the foreign earned income
exclusion on his United States tax return, the Company shall reimburse the
Executive, on a fully grossed-up basis, for any such net United States income
taxes, in excess of foreign tax credits, that Executive is required to pay.

4. 

EMPLOYEE BENEFITS 

4.1. 

Leave. The Executive will be entitled
to accrue 15 working days paid annual leave each calendar year (which will not
be carried over in the event that they are not used by the Executive). All
annual leave days will be taken at times mutually agreed by the Executive and
the Company and will be subject to the business needs of the Company. If,
however, in any calendar year during the Term of Employment, the Executive is
unable to take any annual leave due to the business needs of the Company, the
Company, in its discretion, shall either pay the Executive the equivalent of 15
working days, or permit the Executive to carry such leave over into the
following calendar year. 

4.2. 

Medical Coverage. The Company will
either (a) purchase and provide Executive and his spouse with reasonable medical
health insurance that provides coverage both within and outside the PRC or (b)
reimburse the Executive for the premiums he incurs for purchasing such medical
health insurance for himself and his spouse. 

4.3. 

Other Programs. The Executive will,
during his employment under this Agreement, be included to the extent eligible
thereunder in all employee benefit plans, programs or arrangements (including,
without limitation, any plans, programs or arrangements providing for retirement
benefits, incentive compensation, profit sharing, bonuses, disability benefits,
health and life insurance, or vacation and paid holiday) which may be
established by the Company for, or made available to, its executives
generally. 

5. 

TERMINATION OF EMPLOYMENT

5.1. 

Termination Events. 

5.1.1. 

By the Company. The Company may
terminate the Executive’s employment immediately with Cause, without Cause upon
thirty (30) days’ notice to the Executive, or upon the Executive’s death or
Permanent Disability (as hereinafter defined). 

- 2 - 

5.1.2. 

By the Executive. The Executive may
terminate his employment at any time for any reason upon thirty (30) days’
written notice to the Company. 

5.2. 

Termination by Company With Cause. If the
Executive’s employment is terminated by the Company with Cause, the Company
shall pay to the Executive all compensation to which the Executive is entitled
through the date of termination, and thereafter, all of the Company’s
obligations under this Agreement shall cease. 

5.3. 

Termination by Company Without Cause.
Except in situations where the Executive’s employment is terminated for Cause,
by death or by Permanent Disability, in the event that the Company terminates
Executive’s employment at any time without Cause, Executive shall continue to
receive his Base Salary through the last day of the thirty (30) day notice
period, payable in the form of salary continuation. In addition, the Company
shall reimburse Executive for actual relocation expenses incurred by Executive
relocating from the PRC to the United States or, if Executive so chooses, to
another location in the PRC, upon presentation by the Executive of an itemized
account of such expenditures, in accordance with Company practices consistently
applied. 

5.4. 

Voluntary Resignation. If the
Executive terminates his employment voluntarily, then the Executive shall not be
entitled to receive payment of any severance benefits. The Company further shall
have the option, in its sole discretion, to make Executive’s termination
effective at any time prior to the end of notice period required under
Section 5.1.2 as long as the Company provides Executive with all
compensation to which he would be entitled for continuing employment through the
last day of the notice period. Thereafter, all obligations of the Company under
this Agreement shall cease. 

5.5. 

Cause. Termination for “Cause”
means termination of the Executive’s employment by the Company because of:
(i) any act or omission that constitutes a breach by the Executive of any of his
obligations under this Agreement or any Company policy or procedure and failure
to cure such breach after notice of, and a reasonable opportunity to cure, such
breach; (ii) the continued willful failure or refusal of the Executive to
substantially perform the duties reasonably required of him as an employee of
the Company; (iii) an alleged act (with credible substantiated evidence) of
moral turpitude, dishonesty, fraud or violation of law (whether or not connected
to the Company or its Affiliates (as defined in Section 8.1)) by,
or criminal conviction of, the Executive which in the determination of the Board
(in its sole discretion) would render his continued employment by the Company
damaging or detrimental to the Company or its Affiliates in any way; or (iv) any
misappropriation of Company property by the Executive. 

6.  

DEATH OR DISABILITY 

In the event of termination of employment by reason of
non-work-related death or Permanent Disability, the Executive (or his estate, as
applicable) will be entitled to Base Salary and benefits determined under
Sections 3 and 4 through the date of termination. In the event of
termination of employment by reason of work related death or Permanent
Disability, the Executive (or his estate, as applicable) will be entitled to the
greater of (i) Base Salary and benefits determined under Sections 3 and
4 through the date of termination, or (ii) the minimum compensation
permitted by applicable law. Other benefits will be determined in accordance
with the benefit plans maintained by the Company, and the Company will have no
further obligation hereunder. For purposes of this Agreement, “Permanent
Disability” means a physical or mental disability or infirmity of the
Executive that prevents the normal performance of substantially all his duties
as an employee of the Company, which disability or infirmity exists for any
continuous period of 180 days. 

- 3 - 

7. 

CONFIDENTIALITY

7.1. 

Confidentiality. The Executive
covenants and agrees with the Company that he will not at any time during the
Term of Employment and thereafter, except in performance of his obligations to
the Company hereunder or with the prior written consent of the Company, directly
or indirectly, disclose any secret or confidential information that he may learn
or has learned by reason of his association with the Company or any of its
subsidiaries and Affiliates. The term “confidential information” includes
information not previously made generally available to the public or to the
trade by the Company’s management, with respect to the Company’s or any of its
subsidiaries’ or Affiliates’ products, facilities, applications and methods,
trade secrets and other intellectual property, systems, procedures, manuals,
confidential reports, product price lists, customer lists, technical
information, financial information (including the revenues, costs or profits
associated with any of the Company’s products), business plans, prospects or
opportunities, but will exclude any information which is or becomes generally
available to the public or is generally known in the industry or industries in
which the Company operates other than as a result of disclosure by the Executive
in violation of his agreements under this Section 7.1. The Executive will
be released of his obligations under this Section 7.1 to the extent the
Executive is required to disclose under any applicable laws, regulations or
directives of any government agency, tribunal or authority having jurisdiction
in the matter or under subpoena or other process of law provided that the
Executive provides the Company with prompt written notice of such requirement.

7.2. 

Acknowledgment of Company Assets.
The Executive acknowledges that the Company, at the Company’s expense, has
acquired, created and maintains, and will continue to acquire, create and
maintain, significant goodwill with its current and prospective customers,
vendors and employees, and that such goodwill is valuable property of the
Company. The Executive further acknowledges that to the extent such goodwill
will be generated through the Executive’s efforts, such efforts will be funded
by the Company and the Executive will be fairly compensated for such efforts.
The Executive acknowledges that all goodwill developed by the Executive relative
to the Company’s customers, vendors and employees will be the sole and exclusive
property of the Company and will not be personal to the Executive.

7.3.  

Exclusive Property. The Executive
confirms that all confidential information is and will remain the exclusive
property of the Company. All business records, papers and documents kept or made
by Executive relating to the business of the Company will be and remain the
property of the Company, except for such papers customarily deemed to be the
personal copies of the Executive. Upon termination of the Executive’s employment
with the Company for any reason, the Executive will promptly deliver to the
Company all of the following that are in the Executive’s possession or under his
control: (i) all computers, telecommunication devices and other tangible
property of the Company and its Affiliates, and (ii) all documents and other
materials, in whatever form, which include confidential information or which
otherwise relate in whole or in part to the present or prospective business of
the Company or its Affiliates, including but not limited to, drawings, graphs,
charts, specifications, notes, reports, memoranda, and computer disks and tapes,
and all copies thereof. 

7.4.  

Communication to Third Parties. The
Executive agrees that Company will have the right to communicate the terms of
this Section 7 to any third parties, including but not limited to, any
prospective employer of the Executive. The Company waives any right to assert
any claim for damages against Company or any officer, employee or agent of
Company arising from such disclosure of the terms of this Section 7. 

7.5.  

Independent Obligations. The
provisions of this Section 7 will be independent of any other provision
of this Agreement. The existence of any claim or cause of action by the
Executive against the Company, whether predicated on this Agreement or otherwise,
will not constitute a defense of the enforcement of this Section 7 by the
Company. 

- 4 - 

7.6.  

Non-Exclusivity. The Company’s rights
and the Executive’s obligations set forth in this Section 7 are in
addition to, and not in lieu of, all rights and obligations provided by
applicable statutory or common law. 

8.  

INDEMNIFICATION 

8.1.  

Indemnification of the Executive. The
Company agrees to indemnify Executive (and his heirs, executors, and
administrators), and to advance expenses related to this indemnification, to the
fullest extent permitted under applicable law and regulations, against any and
all expenses and liabilities that Executive reasonably incurs in connection with
or arising out of any action, suit, or proceeding in which he may be involved by
reason of his service as an Executive of the Company or any of its subsidiaries
or Affiliates (whether or not he continues to be an Executive at the time of
incurring any such expenses or liabilities). Covered expenses and liabilities
include, but are not limited to, judgments, court costs, and attorneys’ fees and
the costs of reasonable settlements, subject to Board approval, if the action is
brought against Executive in his capacity as an Executive of the Company or any
of its subsidiaries or Affiliates. Indemnification for expenses will not extend
to matters related to Executive’s termination for Cause. Notwithstanding
anything in this Section 8.1 to the contrary, the Company will not be
required to provide indemnification prohibited by applicable law or regulation.
The obligations of this Section 8.1 will survive the term of this
Agreement by a period of six (6) years. ”Affiliate” means, with respect
to any person or entity, any other person or entity that is directly, or
indirectly through one or more intermediaries, controlled by, controlling or
under common control with such person or entity. 

8.2.  

Indemnification of the Company. The
Executive will indemnify and keep the Company fully indemnified at all times
from and against all claims, suits, proceedings, fines, punishment, loss,
damage, costs and liabilities whatsoever incurred or sustained by the Company in
connection with or arising out of or as a consequence of any breach by the
Executive of the confidentiality obligations set forth above. 

9. 

FOREIGN CORRUPT PRACTICES ACT.

The Company and the Executive each represent and warrant that
it is aware of and familiar with the provisions of the Foreign Corrupt Practices
Act of 1977, as amended by the Omnibus Trade and Competitiveness Act of 1988
(“FCPA”), and the rules and regulations thereunder, and its purpose. Each
party agrees that it will take no action and make no payment in violation of, or
which might cause the Company or the Executive to be in violation of, the FCPA,
including, but not limited to, the making of unlawful payments to foreign or
domestic government officials or employees or to any foreign or domestic
political parties or campaigns from corporate funds. 

10. 

MISCELLANEOUS. 

10.1.  

Severability. The parties intend
this Agreement to be enforced as written. However, (i) if any portion or
provision of this Agreement is to any extent be declared illegal or
unenforceable by a duly authorized court having jurisdiction, then the remainder
of this Agreement, or the application of such portion or provision in
circumstances other than those as to which it is so declared illegal or
unenforceable, will not be affected thereby, and each portion and provision of
this Agreement will be valid and enforceable to the fullest extent permitted by
law and (ii) if any provision, or part thereof, is held to be unenforceable
because of the duration of such provision, the geographic area covered thereby,
or other aspect of the scope of such provision, the court making such
determination will have the power to reduce the duration, geographic area of such provision, or
other aspect of the scope of such provision, and/or to delete specific words and
phrases (“blue-penciling”), and in its reduced or blue-penciled form, such
provision will then be enforceable and will be enforced.  

- 5 - 

10.2. 

Assignment. The rights and
obligations of this Agreement will bind and inure to the benefit of any
successor of the Company by reorganization, merger or consolidation, or any
assignee of all or substantially all of the Company’s business and properties.
Neither this Agreement nor any rights hereunder will be assignable or otherwise
subject to hypothecation by the Executive. 

10.3. 

Entire Agreement. This Agreement
represents the entire agreement of the Company and the Executive and will
supersede any and all previous contracts, arrangements or understandings.

10.4.  

Governing Law. This Agreement shall
be governed by and construed in accordance with the domestic laws of the State
of Nevada without giving effect to any choice or conflict of law provision or
rule (whether of the State of Nevada or any other jurisdiction) that would cause
the application of the laws of any jurisdiction other than the State of Nevada.
Any legal action or proceeding with respect to this Agreement shall be brought
in the courts of Nevada, or the United States District Court for the State of
Nevada. By execution and delivery of this Agreement, each of the parties hereto
accepts for itself and in respect of its property, generally and
unconditionally, the exclusive jurisdiction of the aforesaid courts. 

[SIGNATURE PAGE FOLLOWS] 

- 6 - 

IN WITNESS WHEREOF, the Executive and the authorized
representative of China Skyrise Digital Service Inc., execute and enter into
this Agreement as of the date first written above. 

EXECUTIVE 

/s/ Jiabo
Fan                                    

Jiabo Fan 
PRC ID# : 220104198998961819 

CHINA SKYRISE DIGITAL SERVICE INC. 

/s/ Mingchun
Zhao                      
 
Mingchun Zhou 
Chief Executive Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00182-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00182-of-00352.parquet"}]]