Document:

Unassociated Document

    Exhibit
      10.27

    The
      English Translation is for reference only.

    

    Processing
      Contract

    

    This
      contract is executed by the following parties:

    

    Party
      A:
      Shenyang Coca-cola Beverages Co., Ltd.

    Address:
      No. 1, Ba Jia, Street Seven, Economic and Technology Development Zone,
      Shenyang

    Authorized
      Representative: Liu Zhantu

    Tel:
      (24)
      25818707

    Fax:
      (24)
      25814120

    

    Party
      B:
      Changchun Taoda Beverage Co., Ltd.

    Address:
      No. 449, Lian Yungang Street, Economic and Technology Development Zone,
      Changchun

    Legal
      Representative: Liang Dongxia

    Tel:
      (0431) 84613248

    Fax:
      (539) 84613249

    

    Party
      A
      and Party B have entered into this contract with the agreement of details as
      follows in regard of processing “Binglu” Pure Water (hereinafter the
“Products”).

    

    
      	
              1.

            	
              Names
                and specifications for the Products

            

    

     

    
      	 	
              1.1

            	
              The
                Products to be manufactured and corresponding packing specifications
                designated by Party are as follows, which are in compliance with
                the most
                updated technology and quality requirements published by Coca-cola
                (China)
                Beverages Co., Ltd.

            

    

     

    
      	
              Products

            	
              Packing
                Specifications

            
	
              600ML
                PET Bottle

               

              “Binglu”
                Pure Water

            	
              24
                bottles/box, packing with PEC shrink 

              films,
                40 boxes per board (8*5), wrapping and 

              packing
                by films

            

    

     

    
      	 	
              1.2

            	
              Processing
                site, equipment, craftwork procedure, packing materials and manufacturing
                control shall be in compliance with legal requirements such as allocation
                with sewage water disposal system recognized by Environment Protection
                Authorities or connection to the government sewage water disposal
                system
                approved by local competent authorities, which are proposed by local
                competent authorities (including but not limited with Quality and
                Technical Supervision Bureau, Sanitary Supervision Authorities and
                Environment Protection Authorities) and recognized by Coca-cola (China)
                Beverages Co., Ltd. The quality of the Products shall be in compliance
                with the most updated standards published by Coca-cola (China) Beverages
                Co., Ltd., including certain new standard guidance published by Coca-cola
                and/or Coca-cola (China) Beverages Co., Ltd., from time to time.
                Party B
                hereby expressly knows the most updated product quality standards
                published by Coca-cola (China) Beverages Co.,
                Ltd.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              1.3

            	
              Quantity
                - Party A and Party B will negotiate and specify the processing quantity,
                the specific quantity shall be decided in the purchase order provided
                by
                Party A.

            

    

     

    
      	 	
              1.4

            	
              Party
                B shall obtain effective Sanitary Certificate issued by local Sanitation
                and Disease Prevention Authorities, Food Production Certificate (QS)
                for
                bottle water issued by local Quality and Technology Supervision Bureau
                and
                Food Sanitary Creditworthiness A Certificate, Sewage Water Discharge
                Certificate, permits and approvals relevant with labor safety and
                fire
                protection and pass the recognition review for processing factory
                by
                Coca-cola (China) Beverages Co., Ltd. Party B shall provide the
                photocopies of aforementioned certificates with the company chop
                to Party
                A. Party B shall promptly provide Party A with corresponding photocopies
                for record after every annual review or change of such Food Production
                Certificate (QS) and Sanitary
                Certificate.

            

    

     

    
      	
              2.

            	
              Product
                Price and Best Terms

            

    

     

    
      	 	2.1	The processing price for such
              products:

      	 	 	 

      	 	 	
              The price stipulated herein includes
                but
                not limited with the fees and expenses of water, power, steam, employee
                salaries, equipment depreciation, raw materials and ancillary materials,
                packing materials, upload and download, storage and various government
                tax
                payment, regular or irregular product inspection (including various
                spot-check fees for such products conducted by competent authorities)
                and
                other expenses incurred from the
                processing.

            

      	 	 	 

      	 	
              2.2

            	
              The
                parties shall negotiate to settle the processing fees for products
                with
                different specifications stipulated herein within the valid term
                of this
                contract.

            

    

     

    
      	 	
              2.3

            	
              Based
                on the principle that Party B entitles Party A as the client with
                the best
                term, Party B hereby confirms that the conditions and price stipulated
                herein are the best and promises that it will treat Party A with
                the same
                or better conditions under the same principle should Party B or its
                affiliated parties provide other clients with better conditions or
                price
                within the valid term hereof.

            

    

     

    
      	
              3.

            	
              Offer
                and Confirmation of the Purchase
                Order

            

    

     

    
      	 	
              3.1

            	
              Party
                B shall manufacture and deliver such Products in complete compliance
                with
                the Purchase Order or written mail issued by Party
                A.

            

    

     

    
      	 	
              3.2

            	
              Party
                B shall execute the Purchase Order or written mail issued by Party
                A
                within 48 hours as of the receipt for confirmation and return such
                notice
                to Party A.

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    
      	 	
              3.3

            	
              Should
                Party A fail to receive the response within 48 hours that Party B
                is
                unable to manufacture and deliver such Products as per Party A’s
                requirements, the Purchase Order shall be deemed as
                valid.

            

    

     

    
      	
              4.

            	
              Supply
                of the Materials and the Product Quality
                Standards

            

    

     

    
      	 	
              4.1

            	
              Party
                B will manufacture PET bottles by using the materials and data designated
                by Party A. Party B shall also review and inspect PET bottles as
                per
                Coca-cola (China) Beverages Co., Ltd. during the process of
                manufacturing.

            

    

     

    
      	 	
              4.2

            	
              Party
                B shall provide the packing materials (PET slice, bottles, labels,
                shrink
                films and bottle caps etc.) for the Products, which shall be recognized
                by
                Coca-cola (China) Beverages Co., Ltd. Party B will inspect and accept
                the
                packing materials when such materials income the factory and Party
                A will
                provide Party B with the inspection method for relevant packing materials
                which is attached as Exhibit I Incoming Inspection Standards for
                Packing
                Materials: A. Bottle Germ; B. PET Bottles; C. Bottle Caps; D. Labels;
                E.
                Shrink Films and F. Sampling Tables. Party B shall conduct the inspection
                in complete compliance with the standards and keep the relevant inspection
                records for at least three years to make sure the packing materials
                used
                for manufacturing in accordance with the quality requirements. Should
                there be any quality flaw Party B shall promptly notify Party A to
                deal
                with such issue. Party B takes full legal liabilities for the sanitary
                and
                safe storage of the packing materials and Party A is entitled with
                the
                supervision of such storage and usage by Party
                B.

            

    

     

    
      	 	
              4.3

            	
              Party
                B shall manufacture the product and conduct quality control according
                to
                the most recently released standard (see the attached Exhibit II
                Bottle
                Drinking Pure Water Quality Control Standard Handbook re detail of
                the
                standard) by Coca-Cola (China) Beverages Co. Ltd., and Party A will
                conduct supervision from time to time. Besides, at the request of
                the
                Coca-Cola Company, Party B shall provide crude water, filtered water,
                RO
                water, bottle water to Coca-Cola (China) Beverages Co. Ltd. for bromate
                test, bromide test every quarter. Party B shall provide water sample
                filtered by carbon to Coca-Cola (China) Beverages Co. Ltd. for THM
                test.
                Party B shall submit the product sample for inspection and test at
                the
                request of local quality and technology supervision authority or
                at least
                two times annually, with all the cost incurred born by Party B. The
                duplicates of test reports should be sent to quality control department
                of
                Party A for filing. Party A specially request that the concentration
                of
                ozone in the product shall be 0.4mg-0.6mg/1 three minutes after the
                water
                is bottled, and where there is a increase trend of the amount of
                water
                microorganism of water treatment carbon filter, the original activated
                carbon must be replaced with new one or be disinfected with steam.
                Party B
                must bear all the expenses incurred relating to complains on the
                quality
                of the sold Products processed by Party B(including but not limited
                to the
                compensation claim raised by Party A’s customers against Party
                A).

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	 	
              4.4

            	
              Where
                Party B inspect and accept the materials, Party B shall check whether
                the
                package is sealed or there is any contamination or breakage; whether
                the
                anti-stolen function normally works, whether packaging mark, amount
                of the
                products is in line with the bill of lading; whether import reports
                are
                complete; whether the described items, including shipping document,
                stated
                amount unit, analysis certifying documents, are in line with in-kind
                products. In case of discovering any abnormal items, Party B shall
                notify
                manager of quality control department of Party A and preserve the
                on-site
                evidence for further negotiation by Party A and Party
                B.

            

    

     

    
      	 	
              4.5

            	
              Party
                B shall ensure the products is preserved in a dust-proof,
                rabbit-protected, insect-protected, moist-proof, and sunscreen place.
                Consignment of the products shall be strictly in line with the principle
                of “products firstly put into the warehouse should be firstly consigned”
                and “products with the guarantee period firstly expired should be firstly
                consigned”. Damages to Party A incurred due to Party B’s failure to breach
                the principle should be born by Party
                B.

            

    

     

    
      	 	
              4.6

            	
              The
                packaging materials carrying the product brand can only be used on
                Party
                A’s product. The remaining packaging materials that are not used on
                the
                products shall be preserved in good order and shall not used without
                Party
                A’s permission, otherwise Party B shall be responsible for relevant
                economic losses and other legal
                liabilities.

            

    

     

    
      	 	
              4.7

            	
              Without
                Party A’s prior written consent, Party B shall not disclose any
                information related to the products processing and quality control
                to any
                third party, including but not limited to the public, government
                authority, or any person, organization or unit outside Party B’s
                business.

            

    

     

    
      	 	
              4.8

            	
              4.8
                Party B must use the packaging materials approved by Party A, including
                lids, labels, and boxes, and may not use the materials or permit
                the use
                of the materials for any purpose not approved by Party A. Where Party
                B
                orders for label from label producing company, Party B shall copy
                the
                order for label to Party A. The label can be manufactured only in
                the
                label producing companies recognized by Coca-Cola (China) Beverages
                Co.
                Ltd.

            

    

     

    
      	 	
              4.9

            	
              Party
                B shall preserve accurate record of stock of the products, materials,
                and
                packaging materials, and provide an stock report regarding the finished
                products, materials, and packaging materials every week. Party A
                is
                entitled to check the stock of finished products, materials, and
                packaging
                materials and the corresponding report at any working
                time.

            

    

     

    
      	 	
              4.10

            	
              Party
                B shall be in charge of put the crude materials and batch of Products
                that
                fails to meet the standard in Party B’s warehouse and destroy these
                materials and Products under Party A’s supervision or authorization. These
                materials and Products can not be distributed to the market with
                any
                means, unless Party A agrees in
                written.

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      	 	
              4.11

            	
              The
                Products with the same manufacturing date are deemed as one batch,
                COA of
                which shall be send by fax or email in the next day after the production
                by Party B to quality control department of Party A. COA report for
                this
                batch should be faxed to quality control department of Party A after
                all
                the test results for this batch are finished in five days. Party
                B shall
                pick two bottles of water during the each stage of the start, the
                middle
                and the end of the manufacturing process, and the six bottles of
                water
                shall be sent to quality control department of Party A for quality
                confirmation in two days of the manufacturing date of the batch.
                Quality
                control department of Party A can sign the delivery notice instrument
                based upon the COA, sample analysis, and microorganism analysis results,
                and notify Party B through logistics Department of Party B. The products
                can not be distributed from the warehouse without the delivery notice
                instrument signed by quality control department of Party A. Party
                B must
                stop the consignment of the Products and notify quality control department
                of Party A when Party B finds any item not in conformity with the
                standard
                during the microorganism tests and taste tests, and disposes the
                Products
                according to the opinion by quality control department of Party
                A.

            

    

     

    
      	 	
              4.12

            	
              Party
                B shall email to purchase department, quality department, and logistics
                department of Party A the batch number, amount, and destination of
                the
                Products to be delivered twelve hours before the delivery according
                to
                Party A’s order.

            

    

     

    
      	
              5.

            	
              Trade/Intellectual
                Property

            

    

     

    
      	 	
              5.1

            	
              The
                trade mark, enterprise trade name, product design are all owned by
                Party A
                and Coca-Cola (China) Beverages Co. Ltd.. Under no circumstances,
                Party
                may act or assist others to engage in any act violating Party A’s above
                mentioned interests. Otherwise, Party B shall be held for the compensation
                liability for tort or joint compensation liability, and Party A can
                determine to cease the agreement in advance depending on the
                situation.

            

    

     

    
      	 	
              5.2

            	
              The
                agreement does not authorize Party B to sell the Products. Party
                B shall
                process the Products according to amount Party A designated, and
                Party A
                is entitled to check and certify Party B’s production statement. Without
                Party A’s written consent, Party B’s sales of Products(combined products
                and half-products), such items specialized for the Products as bottles,
                label, lids, PE film, and packaging materials carrying Party A’s trade
                name or brand. Party B shall be held for compensation liability or
                other
                legal liability for Party A’s above acts, and Party A can determine to
                cease the agreement in advance depending on the
                situation.

            

    

     

    
      	 	
              5.3

            	
              Party
                B shall preserve the Products and materials carrying Party A’s brand and
                trade name in good order. The items failing to meet the standard
                (including Products, finished Products of raw materials, half-products)
                found during the manufacturing and inspection should be destroyed
                to
                prevent any damage to Party B’s business credit when these items entering
                the market. If these items enter the market and damage the interests
                of
                Party A’s intellectual property due to Party B’s failure to perform its
                obligations of safeguarding, Party B shall be held for joint compensation
                liability or other legal liability, and Party A can determine to
                cease the
                agreement in advance depending on the
                situation.

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    
      	 	
              5.4

            	
              Party
                B shall make a statistical report on the order amount, warehouse-in
                amount, deterioration amount, deterioration rate, destroying method,
                the
                person supervising the destroying, and destroying date every quarter.
                The
                report shall be emailed to quality control department of Party A
                in five
                days following the end of each quarter, and the combined annual reports
                based on each quarter reports shall be emailed to quality control
                department of Party A.

            

    

     

    
      	
              6.

            	
              Others
                Agreed by the Parties

            

    

     

    
      	 	
              6.1

            	
              Party
                A can dispatch staff to Party B if necessary to supervise the quality
                of
                the Products and manufacturing situation of Party B. Party B shall
                provide
                the board and lodging for these dispatching staff with cost born
                by Party
                A. Party A shall pay the salaries for the dispatched staff and pay
                the
                bills for phone calls and fax
                expenses.

            

    

     

    
      	 	
              6.2

            	
              Party
                B must have the warehouse qualified for the preservation of the crude
                materials, packaging materials for the Products, and the finished
                Products. The warehouse should have the capacity of 15 days turnover
                for
                crude materials and packaging materials, and 10 days turnover for
                finished
                Products.

            

    

     

    
      	 	
              6.3

            	
              In
                case any market change that affecting Party B’s demand for the Products,
                Party B is entitled to cease the agreement by written notice 30 days
                in
                advance.

            

    

     

    
      	 	
              6.4

            	
              In
                case of ceasing the agreement in advance, Party A and Party B shall
                dispose the Products as the following:

            

      	 	 	 

      	 	 	- Party A purchases the Products manufactured by
              Party B
              under the Article 3 of the agreement at a price agreed by the
              parties;

      	 	 	 

      	 	 	
              - Party A purchase the materials
                ordered
                by the Party B for Party A (including but not limited specialized
                bottles,
                lids, labels, and shrinking film) and agreed by the Party A, at a
                price
                agreed by the parties;

            

      	 	 	 

      	 	 	
              - All the materials purchased
                by Party B
                with Party A’s consent and carrying Party A’s brand shall be disposed at
                Party A’s request with the cost born by Party B. Party B shall compensate
                the losses born by Party A due to Party B’s improper disposal of the above
                materials.

            

    

     

    
      	 	
              6.5

            	
              Except
                the Article 4.2, under any circumstance, Party B shall not, with
                any
                cause, keep such Products and any raw material and package material
                branched Party A’s trademark and
                logo.

            

    

     

    
      	 	
              6.6

            	
              Party
                B shall give the preference to ensure the normal production of Party
                A.

            

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    
      	 	
              6.7

            	
              If
                Party A requires Party B to process other pure water products in
                the
                future, the processing expenses will be negotiated and determined
                by Party
                A and Party B, and such agreement will be attached to this contract
                with
                the same legal effectiveness.

            

    

     

    
      	 	
              6.8

            	
              Upon
                the date of execution of this contract, both parties hereby confirm
                that
                Party B, currently, exclusively processes bottle pure water and mineral
                water for Coca-cola packaging factories in China (“Cola Packaging
                Factories”). If Party B processes the products set forth above for other
                packaging factories besides Cola Packaging Factories in the future,
                Party
                B shall notify Party A in writing
                promptly.

            

    

     

    
      	 	
              6.9

            	
              For
                any complaint arising out of the bottle water’s quality manufactured by
                Party B, Party B shall compensate Party A all the cost incurred by
                quality
                complaints settlement, and Party B consents that Party B will pay
                Party A
                ¥2000.00
                as
                penalty for each quality complaint which is attribute to Party
                B.

            

    

     

    
      	
              7.

            	
              Delivery
                Methods and Place

            

      	 	 

      	 	The delivery place of such Products shall be designated
              by Party A, and shall be determined subject to Party A’s email and the
              written notice.

    

    

    
      	
              8.

            	
              Settlement
                Methods

            

      	 	 

      	 	
              Party B shall attach the inspection
                report
                to each batch of Products, and issue the effective VAT invoice according
                to the quantity of actual storage agreed by both parties and inspected
                and
                accepted by Party A at the end of the month. Party A will pay all
                the
                amount of such Products to Party B within thirty (30) working days
                upon
                the receipt of the effective
                invoice.

            

    

    

    
      	
              9.

            	
              Term
                of the Processing Contract

            

      	 	 

      	 	
              The effective term of the contract
                is from
                the date it is executed by each party’s authorized representative to
                December 31st, 2009. When the contract expires, the contract will
                be
                extended for additional one year period through the negotiation between
                Party A and Party B.

            

    

    

    
      	
              10.

            	
              Breach
                Responsibility

            

    

     

    
      	 	
              10.1

            	
              If
                Party B fails to deliver the products in accurate quality and quantity
                according to the manufacture schedule which is not attribute to force
                majeure, Party B shall take breach responsibility of delay in delivery
                and
                compensate the economic losses to Party A. If Party B fails to deliver
                the
                products over seven (7) days, Party A has the right to require Party
                B’s
                affiliate company (but it shall be the processing factory of Coca-cola
                (China) Beverages Co., Ltd.) to supply the products with same price
                to
                Party A; or Party A is entitled to purchase the products from other
                processing factories which are recognized by Coca-cola (China) Beverages
                Co., Ltd., and Party B shall pay the incurred additional amount for
                Party
                A. If Party A can not acquire the replacement products immediately
                due to
                Party B’s nonperformance, Party B shall compensate all the losses to Party
                A, including but not limited to, extra losses and benefit losses
                incurred
                by the supply interruption. If Party B fails to deliver the products
                over
                fifteen (15) days, Party A is entitled to terminate this contract,
                and
                Party B shall compensate the actual losses arising out of this contact’s
                termination to Party A.

            

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    
      	 	
              10.2

            	
              If
                the products delivered by Party B are inconsistent with any specification
                required by Coca-cola (China) Beverages Co., Ltd. or any condition
                specified in Party A’s inspection standards through sampling acceptance or
                sampling acceptance in market (including sampling by governmental
                department or Coca-cola (China) Beverages Co., Ltd.), through both
                parties’ confirmation, Party B will recall such inconsistent products
                which are attributed to Party B immediately and destroy such products
                under Party A’s supervision and bear the incurred
                losses.

            

    

     

    
      	
              11.

            	
              Dispute
                Settlement

            

      	 	 

      	 	
              The disputes of this contact
                will be
                settled by both parties’ consultation. If there is no agreement is reached
                through the consultation, the dispute will be filed to the People’s Count
                where the Party A’s located.

            

    

    

    
      	
              12.

            	
              General
                Provisions

            

    

     

    
      	 	
              12.1

            	
              The
                exhibits hereto are the part of this contact and have the same legal
                effectiveness.

            

    

     

    
      	 	
              12.2

            	
              Party
                B shall complete the following tables (as the exhibits hereto) according
                to Party A’s requirements: Clean and Sterilization Records, Net Content of
                PET Bottle Products Testing Records, Water System Testing Records,
                Microorganism on Production Line Testing Records, Daily Report of
                Finished
                Stock and Daily Report of Raw Material and Package
                Material.

            

    

     

    
      	 	
              12.3

            	
              Any
                issue not covered in this contract will be concluded a supplementary
                agreement between both parties. This contract is made in two original
                set
                with Party A and Party B each having one original set, and each set
                has
                the same legal effectiveness.

            

    

     

    This
      contract will become effective upon the date it is executed by each party’s
      authorized representative.

     

    
      	Party A:
              Shenyang
              Coca-cola Beverages Co., Ltd.	Party B:
              Changchun
              Taoda Beverages Co., Ltd
	
               

            	
               

            
	
              By:

            	
              By:

            
	 	 
	
              Authorized
                representative: Liu Zhantu

            	
              Authorized
                representative:

            
	
              Chop:

            	
              Chop:

            
	
              Date:

            	
              Date:
                March 29, 2007

            

    

     

    
      
        
        

      

      
        8Fee
      Agreement 

     

    This
      Fee
      Agreement (the “Agreement”), dated as of April 30, 2008 (“Effective Date”), is
      made by and between Gateway International Holdings, Inc. (“Gateway”), 2672 Dow
      Avenue, Tustin, CA, its future heirs or assignees, and Stephen M. Kasprisin,
      an
      individual (“Kasprisin”), of 15 Briercliff, Dove Canyon, CA, 92679.

     

    RECITALS

    WHEREAS,
      Kasprisin was previously Gateway’s Chief Financial Officer;

    

    WHEREAS,
      Gateway currently does not have a Chief Financial Officer;

    

    WHEREAS,
      Kasprisin has represented to Gateway that Kasprisin has extensive knowledge
      and
      experience in the public companies and has extensive experience in corporate
      governance and financial management that would result in positive value to
      Gateway.

     

    AGREEMENT

     

    NOW,
      THEREFORE, in consideration of the mutual promises and covenants set forth
      herein and other valuable consideration, the parties acknowledge the receipt
      and
      adequacy of which hereto, the parties hereby agree as follows:

    

    1.        
      Kasprisin’s
      Services. 
      Kasprisin will provide the following services and/or other valued relationships
      in
      connection with a this Agreement:

    

    
      	 	
              (A)

            	
              Function
                as “Part-Time” Chief Financial Officer for the Company providing a minimum
                of 10 hours per month involved in:

            

    

    
      	 	
              a.

            	
              Review
                of monthly financial statements prepared by Company’s
                controller;

            

    

    
      	 	
              b.

            	
              Meetings
                with management to review internal controls and financial
                results;

            

    

    
      	 	
              c.

            	
              Meetings
                with financial experts engaged by the Company to assist controller
                in
                preparation of financial reports.

            

    

    
      	 	
              (B)

            	
              Participate
                as a member of the Board of Directors of
                Gateway.

            

    

    
      	 	
              (C)

            	
              Advise
                and assist Gateway
                with
                key industry information and intelligence so Gateway
                can
                to acquire
                synergistic companies that match its search criteria and strategy.
                

            

    

    
      	 	
              (D)

            	
              Assist
                Gateway
                in
                its valuation and evaluation of the business operations, properties,
                financial projections and prospects of
                potential transactions.

            

    

    
      	 	
              (E)

            	
              Assist
                in identifying and screening sources of additional financing for
                any
                investment transaction if needed.

            

    

    
      	 	
              (F)

            	
              Assist
                in negotiating and/or structuring the terms of an investment transaction
                or debt financing if needed.

            

    

    
      	 	
              (G)

            	
              Participate
                in the meetings and negotiations leading to the successful closing
                of an
                investment transaction

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    2.      
      Kasprisin’s
      Compensation from Gateway.  

     

    In
      consideration for the services set forth in Section 1, above, Gateway
      agrees
      to
      pay to Kasprisin the following compensation:

     

    
      	 	
              (A)

            	
              Part-Time
                Chief Financial Officer

            

    

     

    
      	 	
              a.

            	
              $1,500
                (USD) per month for a period of three months, unless extended by
                mutual
                agreement of the parties, paid on or before the 1st of each month
                from the
                execution date of this agreement

            

    

     

    
      	 	
              (B)

            	
              Board
                of Directors

            

    

     

    
      	 	
              a.

            	
               50,000
                shares of the Company’s Common Stock payable upon the earlier of a “Change
                in Control” as defined below or resignation or termination of position as
                a member of Gateway’s Board of
                Directors.

            

    

     

    
      	 	
              b.

            	
              An
                additional 25,000 shares on April 1, 2009 should Kasprisin continue
                as a
                member of the Board of Directors on April 1, 2009 and 25,000 shares
                annually upon each subsequent April 1st
                that Kasprisin is a member of the Board of Directors.  Shares
                received are payable upon the earlier of a “Change in Control” as defined
                below or resignation or termination of position as member of Gateway’s
                Board of Directors subsequent to the award of additional
                shares.

            

    

     

    3.
              Change
      in Control

    

    As
      used
      in this Agreement, the phrase “Change in Control” shall mean: 

    

    (a)
       Except
      as
      provided by subparagraph (b) hereof, the acquisition by any person, entity
      or
“group”, within the meaning of Section 13(d)(3) or 14(d)(4) of the Securities
      Exchange Act of 1934, as amended (the “Exchange Act”) of beneficial ownership
      (within the meaning of Rule 13d-3) promulgated under the Exchange Act) of 50%
      or
      more of the combined voting power of the then outstanding securities entitled
      to
      vote generally in the election of directors of the Company; or 

    

    (b)
       Approval
      by the Board of a reorganization, merger or consolidation of the Company with
      any other person, entity or corporation, other than: 

    

    (i)
      a
      merger or consolidation which would result in the voting securities of the
      Company immediately prior thereto continuing to represent (either by remaining
      outstanding or by being converted into voting securities of another entity)
      more
      than 50% of the combined voting power of the securities entitled to vote
      generally in the election of directors of the Company or such other entity
      outstanding immediately after such merger or consolidation; or 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (ii)
      a
      merger or consolidation effected to implement a recapitalization of the Company
      or similar transaction in which no person, entity or group acquires beneficial
      ownership of 50% or more of the combined voting power of the securities entitled
      to vote generally in the election of directors of the Company outstanding
      immediately after such merger or consolidation; or 

    

    (iii)
      Approval by the Board of a plan of complete liquidation of the Company or an
      agreement for the sale or other disposition by the Company of all or
      substantially all of the Company’s assets (other than a liquidation or sale
      pursuant to which all or substantially all of the Company’s assets continue to
      be owned by an affiliate of the Company). 

     

    4.     
      Termination
      of Agreement.       
      In regards to the Part Time Chief Financial Officer services, this Agreement
      shall be in effect for a minimum period of three (3) months from the Effective
      Date hereof.  This Agreement will automatically renew for 30 day periods
      unless notified 5 days in advance of the 1st
      of the
      next month.  In regards, to being a member of the Board of Directors,
      Kasprisin will serve as a member of the Board of Directors until the earlier
      of
      his resignation as a director or until such time as new directors are
      elected.

    

    5.      
      Disclaimer.
      It is
      expressly understood between the parties hereto that Kasprisin is not an
      employee of Gateway (or any affiliate thereof).  

    

    6.    
      Indemnification.
      Gateway
      shall to the full extent permitted by law and the Company’s organizational
      documents, upon demand by Kasprisin, indemnify, defend, release and hold
      Kasprisin harmless from and against any and all claims, suits, damages,
      liabilities, judgments, costs and expenses, including but not limited to
      reasonable legal fees, settlements and judgments, regardless as to any insurance
      coverage the Company may or may not have.

     

    7.      
      Kasprisin’s
      Expenses.
      Gateway
      shall reimburse Kasprisin for reasonable business expenses incurred during
      the
      term of this Agreement and any such expenses will be pre-approved by
      Gateway.  

    

    8.      
      Amendments
      and Waiver.  No
      amendment or modification hereto or waiver of the terms hereof shall be valid
      unless in writing executed by each of the parties hereto.  No waiver of any
      term, provision or condition of this Agreement, in any one or more instances,
      shall be deemed to be or construed as a further waiver of any such term,
      provision or condition or as a waiver of any other term, provision or
      condition.

    

    9.      
      Entire
      Agreement.  This
      Agreement contains all of the agreements of the parties hereto with respect
      to
      any matter covered or mentioned in this Agreement, and no prior agreements
      or
      understandings pertaining to any such matters shall be effective for any
      purpose.  No provisions of this Agreement may be amended or added to except
      by an agreement in writing signed by the parties hereto or their respective
      successors in interest.  This Agreement shall not be effective with respect
      to, or binding on any party until fully executed by both parties
      hereto.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    10.    
      Governing
      Law.  This
      Agreement shall be governed by the laws of the State of California,
      notwithstanding applicable conflicts of law principles or statutes.

    

    11.  
      Attorneys’
      Fees.   In
      the event any action or proceeding is brought by either party against the other
      to enforce the terms of this Agreement, the prevailing party(s) shall be
      entitled to recover its reasonable attorneys’ fees actually incurred in such
      action or proceeding, in addition to such other relief as may be
      awarded.

    

    12.  
      Counterparts.  
      This Agreement may be executed in any number of counterparts and by different
      parties on separate counterparts, each of which counterpart, when so executed
      and delivered, shall be deemed an original and all of which counterparts, taken
      together, constitute one and the same Agreement.

    

    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
      Effective Date.

    

    
      	
              “Gateway”

            	 	
              “Kasprisin”
                

            
	 	 	 
	
              Gateway
                International Holdings, Inc.

            	 	
              Stephen
                M. Kasprisin

            
	 	 	 	 
	
              By:

            	
                 
                        

            	 	
              By:

            	
               
                      
                      

            
	
              Name:

            	  
              	 	
              Name:

            	
               
                        

            
	
              Title: 

            	    
              	 	
              Title: 

            	
              An
                Individual

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}]]