Document:

OPTION
AGREEMENT

     

    This
OPTION AGREEMENT (the “Agreement”)
is made as of December 1st, 2010
(the “Effective
Date”), between and among (i) Lam Mei Ying, an individual citizen of Hong
Kong (the “Grantor”);
and (ii) each of the signatories to this Agreement indicated as an “Optionee” on
the signature page hereof, each an individual citizen of the People’s Republic
of China (collectively, the “Optionees”)
(each of the foregoing, a “Party” and
together, the “Parties”)
relating to shares of a shell company (the “Shell
Company”). Capitalized terms not otherwise defined have the meanings
assigned to them in Exhibit A to this
Agreement.

     

    RECITALS

     

    
      	
              A.

            	
              The
      Shell Company, Ailibao International Investment Limited (“Ailibao
      International”, a BVI company) and the shareholders of Ailibao
      International will be each parties to a Share Exchange Agreement in
      [December], 2010 (the “Exchange
      Agreement”), pursuant to which the Option Grantor and other
      shareholders of Ailibao International will exchange all of their interests
      in Ailibao International for Common Stocks of the Shell
      Company.

            

    

     

    
      	
              B.

            	
              The
      Grantor desires to grant an option to the Optionees to purchase from
      Grantor all the shares of the Shell Company to be held by her (the “Option
      Shares”), in the proportions set forth on Exhibit C to this
      Agreement. The portion of the Option Shares to which each Optionee is
      entitled is referred to as that Optionee’s “Proportionate
      Share.”

            

    

     

    AGREEMENT

     

    NOW,
THEREFORE, in consideration of the mutual promises and covenants contained
herein, and for other good and valuable consideration, the receipt and
sufficiency of which is acknowledged by the Parties, the Parties agree as
follows:

     

    ARTICLE
I

     

    OPTION
RIGHT

     

    
      	
              1.1

            	
              Option
      Right.   Grantor hereby grants to each Optionee the
      right and option (the “Option
      Right”), during the Option Period (as defined below), to purchase
      such Optionee’s Proportionate Share of the Option Shares, and upon the
      exercise of such Option Right the Grantor will sell, convey and transfer
      such shares to each such Optionee in accordance with the provisions of
      this Agreement. E

            

    

     

    
      	
              1.2

            	
              Vesting Schedule.

            

    

     

    A. 30% of the Option Shares
are vested on the condition that the net income of the Shell Company at 1Q of
2011 reaches
USD1,000,000;

     

    B.  30% of the
Option Shares are vested on the condition that the net income of the Shell
Company at 2Q of 2011 reaches USD2,000,000;

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    C. The remaining 40% of the
Option Shares are vested on  on the
condition that the net income of the Shell Company at 3Q of 2011 reaches
USD3,000,000.

     

    
      	
              1.3

            	
              Option
      Period.  The Option Right will be effective during the
      period (the “Option
      Period”)
      commencing on the date which is one (1) month after the date on which a
      resale registration statement for the Shell Company’s shares issued to the
      investors in an equity financing conducted concurrently with the Exchange
      Transaction is declared effective by the United States Securities and
      Exchange Commission (the “Registration
      Statement Effective Date”), but before the one anniversary of the
      Registration Statement Effective Date (such date or the earlier expiration
      of the Option Right is referred to herein as the “Expiration
      Date”).

            

    

     

    
      	
              1.4

            	
              Exercise
      Process.   In order to exercise its Option Right
      during the Option Period, an Optionee must deliver to the Grantor a
      written notice of such exercise substantially in the form attached hereto
      as Exhibit
      B (the “Exercise
      Notice”) to the address or facsimile number set forth therein.
      Provided the Exercise Notice is delivered in accordance with this Section 3.2 to
      the Grantor on or prior to 6:30 p.m. (New York time) on a Business Day,
      the date of exercise (the “Exercise
      Date”) of the Option Right will be the date of such delivery of
      such Exercise Notice. In the event the Exercise Notice is delivered after
      6:30 p.m. (Hong Kong time) on any day or on a date which is not a Business
      Day, the Exercise Date will be deemed to be the first Business Day after
      the date of such delivery of such Exercise Notice. The delivery of an
      Exercise Notice in accordance herewith will constitute a binding
      obligation (a) on the part of the exercising Optionee to purchase and (b)
      on the part of the Grantor to sell, the Option Shares which are the
      subject of such Exercise Notice in accordance with the terms of this
      Agreement.

            

    

     

    
      	
              1.5

            	
              Option
      Price.

            

    

     

    
      	
               
      

            	
              (a)

            	
              With
      respect to any exercise of the Option Right, the per-share price (“Option
      Price”) will be equal to 0.001 United States Dollars (US$ 0.001).
      The aggregate Option Price for all of the Option Shares will be equal to
      Ten Thousand United States Dollars
(US$10,000).

            

    

     

    
      	
               
      

            	
              (b)

            	
              The
      payment of any Option Price will be in accordance with written
      instructions delivered by the Grantor to the exercising Optionee within
      five (5) days of delivery of the Exercise
  Notice.

            

    

     

    
      	
              1.6

            	
              Delivery of
      the Shares.   Upon the receipt of an Exercise Notice
      and the payment of the Option Price, the Grantor will deliver, or take all
      steps necessary to cause to be delivered, the Option Shares being
      purchased pursuant to such Exercise
Notice.

            

    

     

    ARTICLE
II

     

    ENCUMBRANCES;
TRANSFERS, SET-OFF; ESCROW

     

    
      	
              2.1

            	
              Encumbrances.   Upon
      exercise of the Option Right, the Option Shares being purchased will be
      sold, transferred and delivered to the exercising Optionee free and clear
      of any claim, pledge, charge, lien, preemptive rights, restrictions on
      transfers (except as required by securities laws of the United States),
      proxies, voting agreements and/or any other
  Encumbrance.

            

    

     

    
      	
              2.2

            	
              Lock-up;
      Transfers.   Prior to the Expiration Date, the
      Grantor will not transfer to any other Person and will continue to own,
      free and clear of any Encumbrance, the Option
  Shares.

            

    

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    
      	
              2.3

            	
              Legend.   The
      Grantor will cause a notification to be made in the share register of the
      Shell Company, and on any certificates evidencing the Option Shares,
      language in substantially the form as
follows:

            

    

     

    “THE
SHARES REGISTERED IN THE NAME OF [____________] OR REPRESENTED BY THIS
CERTIFICATE, AS THE CASE MAY BE, ARE SUBJECT TO AN OPTION RIGHT WHICH PROHIBITS
THEIR TRANSFER TO ANY PERSON OTHER THAN THE HOLDER OF THAT RIGHT PRIOR TO THE
EXERCISE OF THE RIGHT OR ITS EXPIRATION. ANY PERSON ACCEPTING ANY INTEREST IN
THE SHARES WILL BE DEEMED TO AGREE TO AND WILL BECOME BOUND BY ALL THE
PROVISIONS OF THE OPTION AGREEMENT IN WHICH THAT OPTION RIGHT IS SET FORTH, AND
THE SHARES WILL REMAIN SUBJECT TO THE OPTION RIGHT AS PROVIDED THEREIN. A COPY
OF THE OPTION AGREEMENT WILL BE FURNISHED TO THE RECORD HOLDER OF THIS
CERTIFICATE WITHOUT CHARGE UPON WRITTEN REQUEST TO THE COMPANY AT ITS PRINCIPAL
PLACE OF BUSINESS.”

     

    
      	
              2.4

            	
              Set-off.   Each
      Optionee will be absolutely entitled to receive all the Option Shares to
      which it is entitled pursuant to the exercise of an Option Right, and for
      the purposes of this Agreement, the Grantor hereby waives, as against each
      exercising Optionee, all rights of set-off or counterclaim that would or
      might otherwise be available to the
Grantor.

            

    

     

    ARTICLE
III

     

    REPRESENTATIONS
AND WARRANTIES

     

    
      	
              3.1

            	
              Representations
      and Warranties of the Grantor.    The Grantor
      represents and warrants to each Optionee,
that:

            

    

     

    
      	
               
      

            	
              (a)

            	
              Due
      Authorization.  This Agreement, and all agreements and
      documents executed and delivered pursuant to this Agreement, constitute
      valid and binding obligations of the Grantor, enforceable against the
      Grantor in accordance with their terms, subject to applicable Bankruptcy
      Laws and other laws or equitable principles of general application
      affecting the rights of creditors
generally.

            

    

     

    
      	
               
      

            	
              (b)

            	
              No
      Conflicts.   Neither the execution or delivery of
      this Agreement by the Grantor nor the fulfillment or compliance by the
      Grantor with or of any of the terms hereof will, with or without the
      giving of notice and/or the passage of time, (i) conflict with, or result
      in a breach of the terms, conditions or provisions of, or constitute a
      default under, any contract or any judgment, decree or order to which the
      Grantor is subject or by which the Grantor is bound, or (ii) require any
      consent, license, permit, authorization, approval or other action by any
      Person or Governmental Body which has not yet been obtained or received.
      The execution, delivery and performance of this Agreement by the Grantor
      or compliance with the provisions hereof by the Grantor does not, and will
      not, violate any provision of any Law to which the Grantor is subject or
      by which it is bound.

            

    

     

    
      	
               
      

            	
              (c)

            	
              No
      Actions.   There are no lawsuits, actions or, to the
      best knowledge of the Grantor, investigations, claims or demands or other
      proceedings pending or, to the best knowledge of the Grantor, threatened
      against the Grantor that, if resolved in a manner adverse to the Grantor,
      would adversely affect the right or ability of the Grantor to carry out
      its obligations set forth in this
Agreement.

            

    

     

    
      	
               
      

            	
               (d)

            	
              Title.  The
      Grantor owns the Option Shares free and clear of any Encumbrance
      whatsoever, except as contemplated by this Agreement. The Grantor has not
      entered into nor is a party to any agreement that would cause the Grantor
      to not own the Option Shares free and clear of any Encumbrance, except as
      contemplated by this Agreement.

            

    

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    
      	
              3.2

            	
              Representations
      and Warranties of the Optionees.   Each Optionee
      represents and warrants to the Grantor, as to such Optionee and not as to
      any other
Optionee,  that:

            

    

     

    
      	
               
      

            	
              (a)

            	
              Due
      Authorization.  This Agreement, and all agreements and
      documents executed and delivered pursuant to this Agreement, constitute
      valid and binding obligations of the Optionee, enforceable against the
      Optionee in accordance with their terms, subject to applicable Bankruptcy
      Laws and other laws or equitable principles of general application
      affecting the rights of creditors
generally.

            

    

     

    
      	
               
      

            	
              (b)

            	
              No
      Conflicts.  Neither the execution or delivery of this
      Agreement by the Optionee nor the fulfillment or compliance by the
      Optionee with or of any of the terms hereof will, with or without the
      giving of notice and/or the passage of time, (i) conflict with, or result
      in a breach of the terms, conditions or provisions of, or constitute a
      default under, any contract or any judgment, decree or order to which the
      Optionee is subject or by which the Optionee is bound, or (ii) require any
      consent, license, permit, authorization, approval or other action by any
      Person or Governmental Body which has not yet been obtained or received.
      The execution, delivery and performance of this Agreement by the Optionee
      or compliance with the provisions hereof by the Optionee does not, and
      will not, violate any provision of any Law to which the Optionee is
      subject or by which it is bound.

            

    

     

    
      	
               
      

            	
              (c)

            	
              No
      Actions.  There are no lawsuits, actions or, to the best
      knowledge of the Optionee, investigations, claims or demands or other
      proceedings pending or, to the best knowledge of the Optionee, threatened
      against the Optionee that, if resolved in a manner adverse to the
      Optionee, would adversely affect the right or ability of the Optionee to
      carry out its obligations set forth in this
  Agreement.

            

    

     

    ARTICLE
IV

     

    NEGATIVE
COVENANTS

     

    
      	
              4.1

            	
              Covenants
      of the Grantor.  The Grantor agrees that, prior to the
      termination of this Agreement, it will not transfer, sell, or assign
      to any other Person, or otherwise dispose of, pledge, encumber, or suffer
      any Encumbrance upon, any shares of capital stock of the Shell Company
      which Grantor owns, including the Option Shares. The Grantor further
      agrees that, prior to the termination of this Agreement, it will not,
      without the prior written approval of the Optionee, vote (in person, by
      proxy or by action by written consent, as applicable) any of the Option
      Shares in favor of, or to adopt or approve any of the following actions
      with regard to the Shell Company or any direct or indirect subsidiary of
      the Shell Company (referred to individually and collectively as the “Company”):

            

    

     

    
      	
               
      

            	
              (a)

            	
              Any
      increase of the number of authorized shares of capital stock of the
      Company;

            

    

     

    
      	
               
      

            	
              (b)

            	
              Any
      transfer, sale, assignment, or other disposition of, or pledge or
      encumbrance of, any of the Company’s material assets (including, without
      limitation, any shares of any subsidiary or non-majority owned affiliated
      companies);

            

    

     

    
      	
               
      

            	
              (c)

            	
              Any
      Change of Control with regard to the Company. “Change of
      Control” means the first to occur of any of the following
      events:

            

    

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              (i)

            	
              An
      acquisition by any individual, entity or group (within the meaning of
      Section 13(d)(3) or 14(d)(2) of the United States Securities Exchange Act
      of 1934 (the “Exchange
      Act”)) (a “Person”)
      of beneficial ownership (within the meaning of Rule 13d-3 promulgated
      under the Exchange Act) of twenty percent (20%) or more of either (A) the
      then outstanding shares of the common or ordinary stock of the Company
      (the “Outstanding
      Common Stock”) or (B) the combined voting power of the then
      outstanding voting securities of the Company entitled to vote generally in
      the election of directors (the “Outstanding
      Voting Securities”); excluding, however, the following: (1) any
      acquisition directly from the Company, other than an acquisition by virtue
      of the exercise of a conversion privilege unless the security being so
      converted was itself acquired directly from the Company, (2) any
      acquisition by the Company, (3) any acquisition by any employee benefit
      plan (or related trust) sponsored or maintained by the Company or any
      entity controlled by the Company, or (4) any acquisition pursuant to a
      transaction which complies with clauses (A), (B) and (C) of paragraph
      (iii) of this definition;

            

    

     

    
      	
               
      

            	
              (ii)

            	
              A
      change in the composition of the Board of Directors of the Company (the
      “Board”)
      such that the individuals who, as of the date of this Agreement,
      constitute such board of directors (such Board will be hereinafter
      referred to as the “Incumbent
      Board”) cease for any reason to constitute at least a majority of
      the Board; provided,
      however, for purposes of this definition any individual who becomes
      a member of the Board subsequent to the date of this Agreement, whose
      election, or nomination for election by the Company’s stockholders, was
      approved by a vote of at least a majority of those individuals who are
      members of the Board and who were also members of the Incumbent Board (or
      deemed to be such pursuant to this proviso) will be considered as though
      such individual were a member of the Incumbent Board; and provided further, that
      any such individual whose initial assumption of office occurs as a result
      of either an actual or threatened election contest (as such terms are used
      in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act) or
      other actual or threatened solicitation of proxies or consents by or on
      behalf of a Person other than the Board will not be so considered as a
      member of the Incumbent Board; or

            

    

     

    
      	
               
      

            	
              (iii)

            	
              Consummation
      of a reorganization, merger or consolidation or sale or other disposition
      of all or substantially all of the assets of the Company or the
      acquisition by the Company of assets or stock of another entity (“Corporate
      Transaction”); excluding, however, such a Corporate Transaction
      following which (A) all or substantially all of the individuals and
      entities who are the beneficial owners, respectively, of the Outstanding
      Common Stock and Outstanding Voting Securities immediately prior to such
      Corporate Transaction beneficially own, directly or indirectly, more than
      fifty percent (50%) of, respectively, the outstanding shares of Common
      Stock, and the combined voting power of the then outstanding voting
      securities entitled to vote generally in the election of directors, as the
      case may be, of the corporation resulting from such Corporate Transaction
      (including, without limitation, a corporation which as a result of such
      transaction owns the Company or all or substantially all of the Company’s
      assets either directly or through one or more subsidiaries) in
      substantially the same proportions, as their ownership immediately prior
      to such Corporate Transaction, of the Outstanding Common Stock and
      Outstanding Company Securities, as the case may be, (B) no Person (other
      than the Company, or any employee benefit plan (or related trust) of the
      Company or such corporation resulting from such Corporate Transaction)
      beneficially owns, directly or indirectly, twenty percent (20%) or more
      of, respectively, the outstanding shares of common stock of the
      corporation resulting from such Corporate Transaction or the combined
      voting power of the outstanding voting securities of such corporation
      entitled to vote generally in the election of directors except to the
      extent that such ownership existed prior to the Corporate Transaction, and
      (C) individuals who were members of the Incumbent Board at the time of the
      execution of the initial agreement or of the Board action providing for
      such Corporate Transaction constitute at least a majority of the members
      of the board of directors of the corporation resulting from such Corporate
      Transaction; or

            

    

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              (iv)

            	
              The
      approval by the stockholders of the Company of a complete liquidation or
      dissolution of the Company;

            

    

     

    
      	
               
      

            	
              (d)

            	
              Any
      sale or other issuance of any equity interest, shares of capital or other
      securities of the Company or any of its
  subsidiaries;

            

    

     

    
      	
               
      

            	
              (e)

            	
              Any
      declaration, accrual, set aside or payment of any dividend or other
      distribution in respect of any equity interest or any shares of capital
      stock or other securities of the Company or any repurchase or redemption
      of any equity interest or any shares of capital stock or other securities
      of the Company; or

            

    

     

    
      	
               
      

            	
              (f)

            	
              Any
      agreement, commitment or offers of the Company or any of its subsidiaries,
      whether or not in writing, to take of the actions prohibited by clauses
      (a) through (e);

            

    

     

    provided however, that
neither the consummation of the transactions contemplated by this Agreement, the
Exchange Transaction, nor any of the other transactions contemplated hereby will
be deemed to be a “Change of Control” or otherwise prohibited by the covenants
contained in this Section
4.1.

     

    
      	
              4.2

            	
              The
      Grantor will cause the Shell Company and each of its subsidiaries to
      preserve intact the business and management organization of the Shell
      Company and all of its
subsidiaries.

            

    

     

    ARTICLE
V

     

    EVENTS
OF DEFAULT AND TERMINATION

     

    
      	
              5.1

            	
              Events of
      Default. The occurrence at any time with respect to a Party (the
      “Defaulting
      Party”) of any of the following events will constitute an event of
      default (an “Event of
      Default”) with respect to such
Party:

            

    

     

    
      	
               
      

            	
              (a)

            	
              Failure to Pay or
      Deliver.  The failure by a Party to make, when due, any
      payment under this Agreement or deliver the Option Shares in accordance
      with this Agreement, if such failure is not remedied on or before the
      third (3rd)
      Business Day after notice of such failure is given to the Defaulting
      Party.

            

    

     

    
      	
               
      

            	
              (b)

            	
              Breach of
      Agreement.  The failure by a Party to comply with or
      perform any agreement, covenant or obligation (other than a failure
      described in Section 5.1(a),
      which will be governed by Section 5.1(a))
      to be complied with or performed by such Party in accordance with this
      Agreement if such failure is not remedied on or before the tenth (10th)
      Business Day after notice of such failure is given to the Defaulting
      Party.

            

    

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              (c)

            	
              Bankruptcy.  A
      Party (1) is dissolved (other than pursuant to a consolidation,
      amalgamation or merger); (2) becomes insolvent or is unable to pay its
      debts or fails or admits in writing its inability generally to pay its
      debts as they become due; (3) makes a general assignment, arrangement or
      composition with or for the benefit of its creditors; (4) institutes or
      has instituted against it a proceeding seeking a judgment of insolvency or
      bankruptcy or any relief under any Bankruptcy Law, or a petition is
      presented for its winding-up or liquidation, and in the case of any such
      proceeding or petition instituted or presented against it, such proceeding
      or petition (A) results in a judgment of insolvency or bankruptcy or the
      entry of an order for relief or the making of an order for its winding-up
      or liquidation or (B) is not dismissed, discharged, stayed or restrained
      in each case within thirty (30) days of the institution or presentation
      thereof; (5) has a resolution passed for its winding-up, official
      management or liquidation (other than pursuant to a consolidation,
      amalgamation or merger); (6) seeks or becomes subject to the appointment
      of an administrator, provisional liquidator, conservator, receiver,
      trustee, custodian or other similar official for it or for all or
      substantially all of its assets; (7) has a secured party take possession
      of all or substantially all of its assets or has a distress, execution,
      attachment, sequestration or other legal process levied, enforced or sued
      on or against all or substantially all of its assets and such secured
      party maintains possession, or any such process is not dismissed,
      discharged, stayed or rescinded, in each case within thirty (30) days
      thereafter; (8) causes or is subject to any event with respect to it that,
      under applicable Law, has an analogous effect to any of the events
      described in clauses (1) through (7); or (9) takes any action in
      furtherance of, or indicating its consent to, approval of, or acquiescence
      in, any of the foregoing acts.

            

    

     

    
      	
              5.2

            	
              Termination.

            

    

     

    
      	
               
      

            	
              (a)

            	
              If
      at any time an Event of Default with respect to a Party has occurred and
      is continuing, any other Party may terminate this Agreement and deem the
      Expiration Date to have occurred by giving written notice to the
      Defaulting Party specifying the relevant Event of
  Default.

            

    

     

    
      	
               
      

            	
              (b)

            	
              Unless
      otherwise terminated pursuant to Section 5.2(a),
      this Agreement will terminate on the earlier of the Expiration Date and
      the date on which one hundred percent (100%) of the Option Shares have
      been transferred and conveyed to the Optionees
  hereunder.

            

    

     

    ARTICLE
VI

     

    MISCELLANEOUS
PROVISIONS

     

    
      	
              6.1

            	
              Further
      Assurances.
      Each Party will execute and/or cause to be delivered to each other Party
      such instruments and other documents, and will take such other actions, as
      such other Party may reasonably request for the purpose of carrying out or
      evidencing any of the transactions contemplated by this
      Agreement.

            

    

     

    
      	
              6.2

            	
              Notices.   Any
      notice or other communication required or permitted to be delivered to any
      Party will be in writing and will be deemed properly delivered, given and
      received upon dispatch by hand, courier or express delivery service with
      receipt confirmed by signature of the addressee, to the address set forth
      beneath the name of such Party below (or to such other address as such
      Party may specify in a written notice given to the other
      Parties):

            

    

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    
      
        
          
            	
                    If
      to the Grantor:

                  	
                    Lam
      Mei Ying

                  
	 
      	 
      
	 
      	
                    Floor
      2, Building 1, Kaiyuan Industrial Zone No.118, Jiangtou Village, Chendai
      Town, Jinjiang City

                  
	 
      	 
      
	
                    If
      to the Optionee:

                  	
                    All
      optionees of this Agreement

                  
	 
      	 
      
	 
      	
                    Floor
      2, Building 1, Kaiyuan Industrial Zone No.118, Jiangtou Village, Chendai
      Town, Jinjiang
City

                  

          

        

      

    

     

    
      	
              6.3

            	
              Time of The
      Essence.   Time
      is of the essence of this
Agreement.

            

    

     

    
      	
              6.4

            	
              Headings,
      Gender and Usage.   The headings contained in this
      Agreement are for convenience of reference only, will not be deemed to be
      a part of this Agreement and will not be referred to in connection with
      the construction or interpretation of this Agreement. For purposes of this
      Agreement: (a) the words “include” and “including” will be taken to
      include the words, “without limitation;” and (b) whenever the context
      requires, the singular number will include the plural, and vice versa; and
      each of the masculine, feminine and neuter genders will refer to the
      others.

            

    

     

    
      	
              6.5

            	
              Governing
      Law and Language.   This Agreement, including all
      matters of construction, validity and performance, will in all respects be
      governed by, and construed in accordance with, the laws of the British
      Virgin Islands (without giving effect to principles relating to conflict
      of laws).  This Agreement is written in English and the English
      language will govern any interpretation of this
  Agreement.

            

    

     

    
      	
              6.6

            	
              Venue and
      Jurisdiction.   If any legal proceeding or other
      legal action relating to this Agreement is brought or otherwise initiated,
      the venue therefore will be in Hong Kong, S.A.R., which will be deemed to
      be a convenient forum. Each of the Parties hereby expressly and
      irrevocably consents and submits to the jurisdiction of the courts in Hong
      Kong.

            

    

     

    
      	
              6.7

            	
              Interpretation.  Each
      Party acknowledges that it has participated in the drafting of this
      Agreement, and any applicable rule of construction to the effect that
      ambiguities are to be resolved against the drafting party may not be
      applied in connection with the construction or interpretation of this
      Agreement.

            

    

     

    
      	
              6.8

            	
              Successors
      and Assigns.  Each of the Parties will not assign this
      Agreement or any rights or obligations hereunder without the prior written
      consent of each other Party. This Agreement is binding upon, inures to the
      benefit of and is enforceable by Optionee, Grantor and their respective
      successors and assigns.

            

    

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    
      	
              6.9

            	
              Waiver.

            

    

     

    
      	
               
      

            	
              (a)

            	
              No
      failure on the part of any Person to exercise any power, right, privilege
      or remedy under this Agreement, and no delay on the part of any Person in
      exercising any power, right, privilege or remedy under this Agreement,
      will operate as a waiver of such power, right, privilege or remedy; and no
      single or partial exercise of any such power, right, privilege or remedy
      will preclude any other or further exercise thereof or of any other power,
      right, privilege or remedy.

            

    

     

    
      	
               
      

            	
              (b)

            	
              No
      Person will be deemed to have waived any claim arising out of this
      Agreement, or any power, right, privilege or remedy under this Agreement,
      unless the waiver of such claim, power, right, privilege or remedy is
      expressly set forth in a written instrument duly executed and delivered on
      behalf of such Person; and any such waiver will not be applicable or have
      any effect except in the specific instance in which it is
      given.

            

    

     

    
      	
              6.10

            	
              Entire
      Agreement; Amendment.  This Agreement sets forth the
      entire understanding of the Parties relating to the subject matter hereof
      and supersedes all prior agreements and understandings among or between
      any of the parties relating to the subject matter thereof. Any term of
      this Agreement may be amended only with the written consent of each
      Party.

            

    

     

    
      	
              6.11

            	
              Severability.  In the event that
      any provision of this Agreement, or the application of any such provision
      to any Person or set of circumstances, will be determined to be invalid,
      unlawful, void or unenforceable to any extent, the remainder of this
      Agreement, and the application of such provision to Persons or
      circumstances other than those as to which it is determined to be invalid,
      unlawful, void or unenforceable, will not be impaired or otherwise
      affected and will continue to be valid and enforceable to the fullest
      extent permitted by law.

            

    

     

    
      	
              6.12

            	
              Counterparts. This Agreement may be
      executed in several counterparts, each of which will constitute an
      original and all of which, when taken together, will constitute one
      agreement.

            

    

     

    [Remainder
of Page Intentionally Left Blank]

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    In
Witness Whereof, the Parties have caused this Option Agreement to be
executed and delivered as of the date first set forth above.

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  	
                                          “GRANTOR”

                                        	 
      	
                                          “OPTIONEE”

                                        
	 	 	 
	
                                          Lam
      Mei ying(林美英), an
      individual

                                        	 
      	
                                          Ding
      bao fu(丁保福),
      an individual

                                        
	 
      	 
      	 
      
	
                                          /s/
      LAM Mei Ying

                                        	 
      	
                                          /s/
      DING Baofu

                                        
	 
      	 
      	 
      
	
                                          “OPTIONEE”

                                        	 
      	
                                          “OPTIONEE”

                                        
	 	 	 
	
                                          ding
      chang ming(丁長明),
      an individual

                                        	 
      	
                                          Ding
      bao jian(丁保健),
      an individual

                                        
	 
      	 
      	 
      
	
                                          /s/
      DING Changming

                                        	 
      	
                                          /s/
      DING Baoyian

                                        
	 
      	 
      	 
      
	
                                          “OPTIONEE”

                                        	 
      	
                                          “OPTIONEE”

                                        
	 	 	 
	
                                          CHEN
      KE QING(陳克清), an
      individual

                                        	 
      	
                                          DING
      FUNG YING(丁鳳英), an
      individual

                                        
	 
      	 
      	 
      
	
                                          /s/
      CHEN Keqing

                                        	 
      	
                                          /s/
      DING Fungying

                                        
	
                                          “OPTIONEE”

                                        	 
      	
                                          “OPTIONEE”

                                        
	 	 	 
	
                                          HUANG
      XIU YUAN(黃秀緣), an
      individual

                                        	 
      	
                                          DING
      MEI CHI(丁美治), an
      individual

                                        
	 
      	 
      	 
      
	
                                          /s/
      HUANG Xiuyuan

                                        	 
      	
                                          /s/
      DING Meichi

                                        
	
                                          “OPTIONEE”

                                        	 
      	 
      
	 
      	
                                            

                                        	 
      

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    Attachments:

     

    Exhibit
A         Certain
Definitions

    Exhibit
B          Form of Option
Exercise Notice

    Exhibit
C          Proportionate
Share

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    EXHIBIT
A

     

    CERTAIN
DEFINITIONS

     

    For
purposes of this Agreement (including this Exhibit A):

     

    “Bankruptcy
Law” means any Law of any jurisdiction relating to bankruptcy,
insolvency, corporate reorganization, company arrangement, civil rehabilitation,
special liquidation, moratorium, readjustment of debt, appointment of a
conservator, trustee or receiver, or similar debtor relief.

     

    “Board” is
defined in Section4.1(c)(ii).

     

    “Business
Day” means a day on which the commercial banks located in Hong Kong are
open for regular business.

     

    “Change of
Control” is defined in Section
4.1(c).

     

     “Company”
is defined in Section
4.1.

     

    “Corporate
Transaction” is defined in Section
4.1(c)(iii).

     

    “Effective
Date” is defined in the Preamble.

     

    “Encumbrance”
means any lien, pledge, hypothecation, charge, mortgage, security
interest, encumbrance, equity, trust, equitable interest, claim, preference,
right of possession, lease, tenancy, license, encroachment, covenant,
infringement, interference, order, proxy, option, right of first refusal,
preemptive right, community property interest, legend, defect, impediment,
exception, reservation, limitation, impairment, imperfection of title, condition
or restriction of any nature (including any restriction on the transfer of any
asset, any restriction on the receipt of any income derived from any asset, any
restriction on the use of any asset and any restriction on the possession,
exercise or transfer of any other attribute of ownership of any
asset).

     

    “Exchange
Act” is defined in Section
4.1(c)(i).

     

    “Exchange
Agreement” is defined in Recital B.

     

     “Exercise
Date” is defined in Section
1.4.

     

    “Exercise
Notice” is defined in Section
1.4.

     

    “Expiration
Date” is defined in Section 1.2.

     

    “GAAP”
means generally accepted accounting principles consistently applied
during the relevant period.

     

    “Governmental
Body” means any: (a) nation, principality, state, commonwealth, province,
territory, county, municipality, district or other jurisdiction of any nature;
(b) federal, state, local, municipal, foreign or other government; (c)
governmental or quasi-Governmental Body of any nature (including any
governmental division, subdivision, department, agency, bureau, branch, office,
commission, council, board, instrumentality, officer, official, representative,
organization, unit, body or Entity and any court or other tribunal); (d)
multi-national organization or body; or (e) individual, Entity or body
exercising, or entitled to exercise, any executive, legislative, judicial,
administrative, regulatory, police, military or taxing authority or power of any
nature.

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    “Grantor”
is defined in the Preamble.

     

    “Ailibao
International” is defined in Recital A.

     

    “Incumbent
Board” is defined in Section
4.1(c)(i).

     

    “Law” means any national,
federal, state, local, municipal, foreign or other law, statute, legislation,
constitution, principle of common law, resolution, ordinance, code, edict,
decree, proclamation, treaty, convention, rule, regulation, ruling, directive,
pronouncement, requirement, specification, determination, decision, opinion or
interpretation issued, enacted, adopted, passed, approved, promulgated, made,
implemented or otherwise put into effect by or under the authority of any
Governmental Body.

     

    “Option
Period” is
defined in Section
1.2.

     

    “Option
Price” is
defined in Section
1.5(a).

     

    “Option
Right” is
defined in Section
1.1.

     

    “Option
Shares” is
defined in Recital B.

     

    “Optionee”
is defined in the Preamble.

     

    “Outstanding
Common Stock” is defined in Section
4.1(c)(i).

     

    “Outstanding
Voting Securities” is defined in Section
4.1(c)(i).

     

    “Party” and
“Parties” are defined in the Preamble to this Agreement.

     

    “Person”
means an individual, a corporation, a partnership, an association, a trust or
other entity or organization, including a government or political subdivision or
an agency or instrumentality thereof, except as used in ARTICLE IV, where its
meaning is defined in Section
4.1(c)(i).

     

    “Proportionate
Share” is defined in Recital B.

     

    “Registration
Statement Effective Date” is defined in Section 1.2.

     

    “Shell
Company” is
defined in the Preamble to this Agreement

     

     “US GAAP”
means United States Generally Accepted Accounting Principles consistently
applied.

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    EXHIBIT
B

     

    FORM
OF OPTION EXERCISE NOTICE

     

    [Date]

     

    [________________]
(the “Grantor”)

     

    [________________]

     

    [________________]

     

    Attention:
[_______]

     

    
      	
               
      

            	
              Re:

            	
              Option
      Agreement dated [ • ] (the “Option Agreement”), between [ • ] (the
      “Optionee”) and [ • ] (the
“Grantor”)

            

    

     

    Dear
Sir:

     

    In
accordance with Section 1.4 of
the Option Agreement, the Optionee hereby provides this notice of exercise of
the Option Right in the manner specified below:

     

    
      	
               
      

            	
              (a)

            	
              The
      Optionee hereby exercises its Option Right with respect to the Option
      Shares pursuant to the Option
Agreement.

            

    

     

    
      	
               
      

            	
              (b)

            	
              The
      Optionee will pay the sum of US$____________ to the
    Grantor.

            

    

     

    
      	
               
      

            	
              (d)

            	
              Pursuant
      to this exercise, the Grantor will deliver to _______________ the Option
      Shares in accordance with the instructions attached
  hereto.

            

    

     

    
      
        
          	
                  Dated:
      _______________, ______

                	 
      
	 
      	 
      
	 
      	
                   
        

                
	 
      	 
      
	 
      	
                   [
      • ]

                

        

      

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    EXHIBIT
C

     

    PROPORTIONATE
SHARES

     

    
      
        
          
            	
                    Name

                  	 
      	
                    Option Shares

                  
	 	 	 
	
                    Ding
      Bao Jian

                  	 
      	
                    233

                  
	
                    Ding
      Bao Fu

                  	 
      	
                    233

                  
	
                    Ding
      Chang Ming

                  	 
      	
                    233

                  
	
                    Ding
      FungYing

                  	 
      	
                    47

                  
	
                    Huang
      XiuYuan

                  	 
      	
                    47

                  
	
                    Ding
      Mei Chi

                  	 
      	
                    47

                  
	
                    Chen
      Ke Qing    

                  	 
      	
                    49Exhibit 10.1

EMPLOYMENT AGREEMENT

This Employment Agreement (this “Agreement”)
is entered into as of August 29, 2006 (the “Effective Date”), by and between Teragenix Corporation, a Florida
corporation (the “Company”), and Joseph Mauro (“Executive”) (together, the “Parties”).

INTRODUCTION

WHEREAS, the shareholders of the Company and HemaCare
Corporation, a California corporation (“HemaCare”) are entering into that certain Stock Purchase Agreement of
even date herewith (the “Stock Purchase Agreement”);

WHEREAS, it is a condition to the consummation
of the transactions contemplated by the Stock Purchase Agreement that the Company and Executive enter into this Agreement; and

WHEREAS, the Company desires to employ Executive
as of the Effective Date and Executive desires to accept employment with the Company on the terms and conditions set forth below.

NOW, THEREFORE, in consideration of the foregoing
recital and the respective covenants and agreements of the Parties contained in this document, the Company and Executive agree
as follows:

1.                                      
Employment.

(a)                                 
Title; Duties.  During the Term, Executive will serve as Division President of
the Company, and will report directly to HemaCare’s President and Chief Executive Officer (“CEO”). 
Executive shall have such duties consistent with that of a President that may from time to time be designated or assigned to Executive
pursuant to the directives of HemaCare’s President and CEO.  Executive shall perform faithfully the duties assigned
to him to the best of his ability.

(b)                                
Other Activities.  During the Term, Executive shall devote his entire productive
business time and attention to his duties on the Company’s behalf except for sick leave, vacations and approved leaves of
absence; provided, however, that nothing in this Agreement shall prohibit Executive from (i) serving as a director
of any entity or business enterprise which is not in direct competition with the business of the Company or any present or future
affiliate of the Company and which does not create a real or perceived conflict of interest, (ii) otherwise participating in educational,
welfare, social, religious and civic organizations or (iii) making any investments (other than “passive investments,”
as defined below) in the securities of any entity or business enterprise which is not in direct competition with the business of
the Company or any present or future affiliate of the Company and which does not create a real or perceived conflict of interest;
provided, that Executive obtains the prior approval of the CEO with respect to any position described in clause (i) of this
Section 1(b) and any investment (other than any “passive investments”) described in clause (iii) of this Section 1(b),
which approval shall not be unreasonably withheld, delayed or conditioned.  An investment shall be considered a “passive
investment” to the extent that such securities (x) are actively traded on a United States national securities exchange, on
the NASDAQ National Market System or Small Cap Market System, on the OTC Bulletin Board, or on any foreign securities exchange,
and (y) represent, at the time such investment is made, less than five percent (5%) of the aggregate voting power of such entity
or business enterprise.

2.                                      
Employment Term.  Subject to Section 9, Executive’s employment hereunder
shall be for a term of thirty-six (36) months commencing on the Effective Date and expiring at the close of business on the day
prior to the thirty-six (36) month anniversary of the Effective Date (the “Term”).  This Agreement shall
automatically renew for successive one (1) year periods following the initial Term and any extensions thereof, if applicable, unless
either party provides written notice to the other party not less than ninety (90) days prior to the end of the then-existing Term,
that such party does not desire the Term to automatically renew, in which event this Agreement shall terminate as of the last day
of the then-existing Term.

    
  

3.                                      
Place of Employment.  Executive’s services shall be performed at the Company’s
principal executive offices located at 5440 NW 33rd Avenue,
Suite 108, Ft. Lauderdale, Florida 33309 or such other place as the Company and Executive shall mutually agree.

4.                                      
Salary.  For all services rendered by Executive hereunder and all covenants and
conditions undertaken by him pursuant to this Agreement, the Company shall pay, and Executive shall accept, as full compensation,
the amounts set forth in this Section 4.

a.                                      
Base Salary.  For all services to be rendered by Executive pursuant to this Agreement,
the Company agrees to pay Executive a base salary (the “Base Salary”) of One Hundred and Seventy-Five Thousand
Dollars ($175,000.00) on an annualized basis.  The Base Salary shall be paid in accordance with the Company’s regular
payroll practices.  All amounts payable shall be reduced by standard withholding and other authorized deductions.  The
Company, in its sole discretion, may increase (but not decrease) the Base Salary from time to time, provided, however,
that commencing January 1, 2008, the Base Salary shall increase at a minimum level of 3% per annum during each year of the Term.

b.                                     
Bonus.  Executive shall be eligible for a bonus of up to 20% of the Base Salary
(the “Bonus”), starting in calendar year 2007, upon the achievement of specific goals and objectives, as determined
in the sole discretion of HemaCare’s President and Chief Executive Officer.  The Bonus structure will put 100% of Executive’s
Bonus potential at risk each year.  Executive must be employed by the Company at the time of payment to be eligible to receive
any Bonus.

c.                                      
Car Allowance.  During the Term, Executive shall receive a car allowance equal
to $1,250 per month.

d.                                     
Life Insurance.  The Company agrees to pay a whole life insurance policy for the
Employee with a face amount equal to one times Executive’s salary.

e.                                      
Deductions.  The Company shall deduct from the compensation described in Sections 4(a)
and 4(b) any federal, state or local withholding taxes, social security contributions and any other amounts which may be required
to be deducted or withheld by the Company pursuant to any federal, state or local laws, rules or regulations.

f.                                        
Disability Adjustment.  Any compensation otherwise payable to Executive pursuant
to Sections 4(a) and 4(b) in respect of any period during which Executive is Disabled (as defined in Section 9(d)) shall
be reduced by any amounts payable to Executive for loss of earnings or the like under any insurance plan or policy sponsored by
the Company.

5.                                      
Expenses.  The Company shall from time to time pay or reimburse Executive for
the reasonable and necessary expenses incurred by Executive in connection with the performance of his duties hereunder if (a) such
expenses have been previously approved by the Company or reimbursement is otherwise appropriate in accordance with the Company’s
established policies and (b) the Company receives such verification thereof as the Company may require in order to qualify such
expenses as deductible business expenses.

6.                                      
Other Benefits.  In addition to his compensation provided by the foregoing, so
long as Executive is employed by the Company, Executive shall be entitled to all of the benefits available (a) generally to
Company employees pursuant to Company programs, and/or (b) to senior level executives at the Company, including, by way of
illustration, personal leave, paid holidays, sick leave, profit-sharing, retirement, disability, dental, vision, group sickness,
accident or health insurance programs or equity incentive plans of the Company which may now or hereafter be in effect, or in any
other or additional such programs which may be established by the Company, as and to the extent any such programs are or may from
time to time be in effect, as determined by the Company.  The Company shall implement and maintain a health and medical plan
as soon as is reasonably practical after the execution of this Agreement and maintain such plan throughout the Term.  The
Company shall have the right to amend, reduce or completely terminate any or all such plans by duly authorized action respecting
all employees covered by such plans as a group.

	2

    	 

    

7.                                      
Vacations and Holidays.  During each calendar year, Executive shall accrue compensated
personal time off (“PTO”) at the rate of twenty-nine (29) days per year.  If Executive’s earned but
unused PTO reaches forty-eight (48) days, Executive will not continue to accrue additional PTO time until he uses sufficient PTO
to fall below this maximum amount.  Thereafter, Executive shall start earning PTO benefits again until the forty-eight (48)
day maximum is again reached.  Any accrued but unused PTO time will be paid to Executive on a pro rata basis at termination
of employment for any reason.  Executive shall not be compensated for holidays (other than as part of the PTO system).

8.                                      
Other Activities.  Executive shall, during the term of his employment by the Company,
devote all of his working time and efforts to the business and affairs of the Company and its subsidiaries and to the diligent
and faithful performance of the duties assigned to him pursuant to this Agreement.

9.                                      
Termination.  The Company may terminate Executive’s employment for any reason
or no reason, with or without Cause (as defined below), with the consequences described in Section 10 of this Agreement. 
Executive may terminate his employment with Good Reason (as defined below) by giving the Company thirty (30) days’ advance
written notice.  Upon termination of Executive’s employment with the Company, Executive’s rights under any applicable
benefit plans shall be determined under the provisions of those plans.

a.                                      
Death.  Executive’s employment shall terminate immediately in the event
of his death.

b.                                     
Cause.  Subject to Executive’s failure to cure a breach in the manner and
time described below, the Company may terminate Executive’s employment for Cause immediately. As used in this Agreement,
the term “for Cause” shall be limited to a termination for the following acts by Executive:  (i) misappropriation
or embezzlement of the funds or property of the Company or any subsidiary, falsification of any Company or subsidiary documents
or records or any unauthorized attempt by the Executive to take any business or business opportunities of the Company or any subsidiary
for his or her own personal gain; (ii) Executive’s failure or inability to perform any material duties contemplated by this
Agreement for a period of thirty (30) days, except in the event that the Executive is determined to have a Disability (as defined
in Section 9(d)) or in the event of Executive’s death; (iii) grossly negligent, reckless or willful misconduct
or insubordination in connection with Executive’s performance of his duties; (iv) any material breach by Executive of
any agreement (including this Agreement or the Confidentiality Agreement (as defined in Section 11)) between Executive and the
Company; (v) Executive’s conviction (including any plea of guilty or nolo contendere) of any felony, any misdemeanor
involving dishonesty or fraud, or any other criminal act that impairs or could impair Executive’s ability to perform his
or her duties; (vi) the Executive’s material violation of Company policies, including, without limitation, policies
on prohibition of unlawful harassment or (vii) any illegal drug or illegal substance abuse, illegal drug or illegal substance addiction,
or chronic addiction to alcohol on the part of Executive, other than any use of medication prescribed by a doctor.  The determination
of Cause shall be made by HemaCare’s President and Chief Executive Officer in her reasonable discretion.  Anything herein
to the contrary notwithstanding, as to any termination based upon clause (iii) above, the Company shall give the Executive
written notice prior to terminating this Agreement of the Executive’s employment, setting forth a general description of
the grounds for termination and the conduct required to cure such grounds for termination.  The Executive shall have thirty (30)
days from the receipt of such notice within which to cure any such grounds for termination to the satisfaction of the Company,
which shall be determined by the Company in its reasonable discretion.

c.                                      
Termination by Executive for “Good Reason”.  Subject to the provisions
outlined below, at any time after the date Executive commences employment under this Agreement, upon thirty (30) days’
advance written notice to the Company of his intent to terminate the Agreement, Executive shall have the right to terminate his
employment under this Agreement for “Good Reason”.  For purposes of this Agreement, “Good Reason”
is defined as any one of the following:  (i) the Company fails to comply with the provisions hereof governing compensation
and benefits to Executive, (ii) the Company moves the Company’s office location in violation of Section 3, (iii) the Company
fails to maintain Executive in the position of Division President (or a comparable position) described in Section 1 or materially
diminishes his duties or responsibilities in such positions, (iv) the Company materially breaches any other provision of this Agreement
or any other written agreement with Executive, or (v) conduct by the Company occurs that would cause Executive to commit fraudulent
acts or would expose Executive to criminal liability; provided, however, that it shall not constitute Good Reason
unless Executive shall have provided the Company with written notice of its alleged actions constituting Good Reason (which notice
shall specify in reasonable detail the particulars of such Good Reason) and the Company has not cured any such alleged Good Reason
within thirty (30) days of the Company’s receipt of such written notice.

	3

    
	 

d.                                     
Disability.  The Company may terminate Executive’s employment for Disability
by giving Executive three (3) days’ advance written notice.  For all purposes under this Agreement, “Disability”
shall mean that Executive, at the time such notice is given, has been unable to substantially perform his duties under this Agreement
for a period of not less than three (3) consecutive months (or after four (4) months in the aggregate during a twelve-month
period, whether consecutive or not) as the result of his incapacity due to physical or mental illness.  A determination of
Disability shall be made by the Board in consultation with a physician reasonably satisfactory to Executive (or his representative)
and the Company, and Executive shall cooperate with the efforts to make such determination. Any such determination shall be conclusive
and binding on the Parties for the purposes of this Agreement.

10.                                
Termination Benefits.  Upon the termination of Executive’s employment, Executive
shall be entitled to receive:

a.                                      
Death or Disability.  Executive shall be entitled to the following:

(i)                 
Payment of any Base Salary accrued but unpaid as of the date of death or termination for Disability;

(ii)              
Payments in accordance with any disability insurance policy maintained by the Company and
payment of Base Salary to the extent required to ensure that Executive receives the full amount of Base Salary through the combined
payments under disability insurance (whether pursuant to a disability insurance policy provided by the Company, or pursuant to
state disability benefits) and salary payments from the Company, for the remainder of the Term;

(iii)           
Reimbursement for any unpaid expenses incurred in accordance with Section 5; and

(iv)          
Payment of any and all earnouts, or other consideration amounts that the Company is obligated
to pay pursuant to the Stock Purchase Agreement (but only if actually earned, and such amounts shall be paid on the date(s) provided
in the Stock Purchase Agreement), and any bonuses earned as of the date of termination pursuant to Section 4(b) of this Agreement.

b.                                     
Termination for Cause.  Executive shall be entitled to receive on the date of
termination any accrued but unpaid salary and shall be reimbursed for any reimbursable expenses pursuant to Section 5 that
have not been reimbursed prior to such termination.

c.                                      
Termination by Company Other than for Cause.  In the event the Company terminates
Executive’s employment other than for Cause, Executive shall be entitled to the following:

 (i)                 
Payment of any Base Salary accrued but unpaid as of the date of termination;

(ii)              
An amount equal to Executive’s monthly Base Salary in effect on the date of termination
for a period equal to the greater of the remainder of the Term or twelve (12) months;

(iii)           
The Company will pay to continue Executive’s health insurance coverage (i.e.,
make COBRA payments) following the date of termination other than for Cause until the earlier of (A) the greater of (1) the remainder
of the Term or (2) twelve (12) months, and (B) until Executive obtains full-time employment, provided that such coverage
remains available with respect to Executive; and

(iv)          
Payment of any and all earnouts, or other consideration amounts payable by the Company pursuant
to the Stock Purchase Agreement, whether earned or unearned, within thirty (30) days of the date of termination, and any bonuses
earned as of the date of termination pursuant to Section 4(b) of this Agreement.

    	4

    	 

 

d.                                     
Termination by Executive for “Good Reason”.  A termination for Good
Reason shall have the same consequences as provided in Section 10(c) for a termination other than for Cause.

 of employment by Executive
on his own initiative, other than a termination due to death or Disability or for Good Reason, shall have the same consequences
as provided in Section 10(b) for a termination for Cause.

f.                                        
Other Benefits.  Except as expressly set forth herein or pursuant to the terms
of the Company’s written employee benefit plans and policies in effect at the time of such termination, Executive shall not
be entitled to any pay or benefits upon his termination.

11.                                
Proprietary Information and Inventions Agreement.  Executive has signed a Proprietary
Information and Inventions Agreement (the “Confidentiality Agreement”) substantially in the form attached hereto
as Exhibit A.  Executive hereby represents and warrants to the Company that he has complied with all of the obligations
under the Confidentiality Agreement and agrees to continue to abide by the terms of the Confidentiality Agreement and further agrees
that the provisions of the Confidentiality Agreement shall survive any termination of this Agreement and/or Executive’s employment
relationship with the Company.

12.                                
Indemnification.  During the Term, the Company shall indemnify Executive and hold
Executive harmless from and against all claims, actions, suits, proceedings, liabilities, damages, fines, costs and expenses (including,
without limitation, reasonable attorneys’ fees and expenses) (collectively, “Losses”) which may be incurred
by Executive in connection with the performance of his duties hereunder, to the fullest extent permitted by applicable law and
to the same extent provided to any other senior executive officer of the Company, except with respect to any Losses suffered by
Executive in connection with the transactions contemplated by the Stock Purchase Agreement.  Expenses advanced to Executive
under this Section 12 shall be repaid by Executive on demand if and to the extent such advanced expenses are found not to be lawfully
indemnifiable by a competent tribunal.

13.                                
Exclusive Agreement.  Executive represents and warrants that his employment by
the Company as described herein does not and shall not conflict with and is not and will not be constrained by any prior employment
or consulting agreement, arrangement or relationship, whether written or oral.  Executive agrees not to make any unauthorized
disclosure or use, on behalf of the Company, of any confidential information belonging to any of Executive’s former employers. 
Executive represents that he is not in unauthorized possession or control of any materials containing confidential and proprietary
or private information of a third party.

14.                                
Assignment.  This Agreement and all rights under this Agreement shall be binding
upon and inure to the benefit of and be enforceable by the Parties hereto and their respective personal or legal representatives,
executors, administrators, heirs, distributees, devisees, legatees, successors and assigns.  Neither this Agreement nor any
right or obligation of Executive under this Agreement may be assigned or transferred by Executive to any other person or entity
without the prior written consent of the Company.  The Company may assign this Agreement; provided, however,
that such assignment will not relieve the Company of its obligations hereunder.

15.                                
Notices.  For purposes of this Agreement, notices and other communications provided
for in this Agreement shall be in writing and shall be delivered personally or sent by United States certified mail, return receipt
requested, postage prepaid, addressed as follows:

	 	 If to Executive:	Joseph Mauro
	 	 	12590 Little Palm Lane
	 	 	Boca Raton, FL 33428
	 	 	 Facsimile No.:                      561-488-2584
	 	 	 
	 	 If to the Company:	c/o Judi Irving
	 	 	HemaCare Corporation
	 	 	21101 Oxnard Street
	 	 	 Woodland Hills, CA 91367

 

     

    	5

    	 

    

or to such other address or the attention of such other person as
the recipient party has previously furnished to the other party in writing in accordance with this Section 15.  Such notices
or other communications shall be effective upon the earlier of delivery or three days after they have been mailed as provided above.

16.                                
Integration.  This Agreement, and Exhibit A hereto, represent the
entire agreement and understanding between the Parties as to the subject matter hereof and supersede all prior or contemporaneous
agreements whether written or oral.  No waiver, alteration, or modification of any of the provisions of this Agreement shall
be binding unless in writing and signed by duly authorized representatives of the Parties hereto.

17.                                
Waiver.  Failure or delay on the part of either Party hereto to enforce any right,
power, or privilege hereunder shall not be deemed to constitute a waiver thereof.  Additionally, a waiver by either Party
of a breach of any promise hereof by the other Party shall not operate as or be construed to constitute a waiver of any subsequent
breach by such other Party.

18.                                
Severability.  Whenever possible, each provision of this Agreement will be interpreted
in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid,
illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability
will not affect any other provision or any other jurisdiction, but this Agreement will be reformed, construed and enforced in such
jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein.

19.                                
Headings.  The headings of the Sections contained in this Agreement are for reference
purposes only and shall not in any way affect the meaning or interpretation of any provision of this Agreement.

20.                                
Applicable Law.  This Agreement shall be governed by and construed in accordance
with the internal substantive laws, and not the choice of law rules, of the State of Florida.

21.                                
Counterparts; Facsimile.  This Agreement may be executed in one or more counterparts
and via facsimile, none of which need contain the signature of more than one party hereto, and each of which shall be deemed to
be an original, and all of which together shall constitute a single agreement.

22.                                
Arbitration.

a.                                      
The Company and Executive agree that any dispute or controversy arising out of or relating
to any interpretation, construction, performance, termination or breach of this Agreement or Executive’s employment with
the Company or termination of such employment, will be settled by final and binding arbitration by a single arbitrator to be held
in Los Angeles County, California, in accordance with the National Rules for the Resolution of Employment Disputes of the American
Arbitration Association (“AAA Rules”) then in effect.  Without limiting any other provision herein, this
Section 22 shall survive the termination of Executive’s employment with the Company and will apply to any claim, dispute,
or controversy that arises during or after the termination of Executive’s employment with the Company.  Executive and
the Company agree that the agreement to arbitrate under this Section 22 is subject to and enforceable under the provisions
of the Federal Arbitration Act (the “FAA”), 9 U.S.C. § § I, et seq.  The
arbitrator selected shall have the authority to grant Executive or the Company or both all remedies otherwise available by law,
including injunctions.

b.                                     
Notwithstanding anything to the contrary in the AAA Rules, the arbitration shall provide (i) for
written discovery and depositions adequate to give the Parties access to documents and witnesses that are essential to the dispute
and (ii) for a written decision by the arbitrator that includes the essential findings and conclusions upon which the decision
is based.  Consistent with applicable law, Executive and the Company shall each bear his or its own costs and attorneys’
fees incurred in conducting the arbitration and, except in such disputes where Executive asserts a claim under a state or federal
statute prohibiting discrimination in employment, a claim for wrongful termination in violation of public policy, or a claim involving
enforcement of rights under any statute enacted for a public reason (the “Excepted Claims”), shall split equally
the fees and administrative costs charged by the arbitrator and AAA.  In disputes where Executive asserts an Excepted Claim
against the Company, Executive shall be required to pay only the AAA filing fee to the extent such filing fee does not exceed the
fee to file a complaint in state or federal court and the Company shall pay the balance of the arbitrator’s fees and administrative
costs.

    	6

    	 

    

c.                                      
The decision of the arbitrator will be final, conclusive and binding on the Parties to the
arbitration.  The prevailing party in the arbitration, as determined by the arbitrator, shall be entitled to recover his or
its reasonable attorneys’ fees and costs, including the costs or fees charged by the arbitrator and AAA.  In
disputes where Executive asserts an Excepted Claim, reasonable attorneys’ fees shall be awarded by the arbitrator based on
the same standard as such fees would be awarded if the Excepted Claim had been asserted in state or federal court.  Judgment
may be entered on the arbitrator’s decision in any court having jurisdiction.

The parties hereby acknowledge that they have voluntarily
negotiated the terms of this Agreement, including, without limitation, this Section 22, have consulted with counsel concerning
such terms, and voluntarily agree to them.

	 	 	 	 	 
	 	 /s/ J I	 	 /s/ J M	 
	 	 Company’s Initials	 	 Executive’s Initials	 

 

23.                                
Advice of Counsel.  The Parties represent and agree that they have carefully read
and fully understand all of the provisions of this Agreement, and the terms and conditions set forth herein, and that they are
voluntarily entering into this Agreement.  The Parties affirm that, prior to execution of this Agreement, they have consulted
with counsel concerning the terms and conditions set forth herein or have had the opportunity to do so.

24.                                
Survival of Certain Terms.  The provisions of Sections 9, 10, 11, 14 and 22
of this Agreement shall survive the termination of this Agreement; provided, however, that the survival of such provisions
after the termination of this Agreement shall in no way constitute an extension of the Term.  Except as set forth in the prior
sentence, all other rights and obligations of the Parties shall cease upon termination of this Agreement.

[Rest of page intentionally left blank]

    	7

    	 

    

IN WITNESS WHEREOF, each of the Parties has executed
this Employment Agreement, in the case of the Company by its duly authorized officer, as of the day and year first above written.

	 	 TERAGENIX CORPORATION
	 	 	 
	 	 	 
	 	 By:	 /s/ Judi Irving
	 	 Title:	 Chief Executive Officer
	 	 	 
	 	 	 
	 	 EXECUTIVE
	 	 	 
	 	 	 
	 	 By:	 /s/ Joseph Mauro
	 	 	 Joseph Mauro

 

    	S-1

    	 

    

EXHIBIT A

EMPLOYEE
PROPRIETARY INFORMATION

AND INVENTIONS AGREEMENT

In consideration of my employment by _____________ (the "Company")
and the compensation I receive from the Company, I agree that:

1.Proprietary
Information. I understand that the Company possesses and will possess Proprietary Information that is important to its business.
"Proprietary Information" is information (whether conveyed orally, in writing or otherwise) that was or will be developed,
created, or discovered by or on behalf of the Company, or that became or will become known by, or was or is conveyed to the Company,
that has or could have commercial value in the Company's business, unless (a) the information is or becomes publicly known through
lawful means; or (b) the information is disclosed to me without confidential or proprietary restriction by a third party who rightfully
possesses the information (without confidential or proprietary restriction) and who did not learn of it directly or indirectly
from the Company.

Proprietary Information includes, without limitation, any Company
Inventions (as defined below) and any information relating to (i) client/customer lists, vendor lists or other lists or compilations
containing client, customer or vendor information; (ii) information about products, proposed products, research, product development,
techniques, processes, costs, profits, markets, marketing plans, strategies, forecasts, sales or commissions; (iii) plans for the
future development or new product concepts; (iv) manufacturing techniques or processes, documents, books, papers, drawings, schematics,
models, sketches, computer programs, databases or other data, including electronic data recorded or retrieved by any means; (v)
the compensation, performance and terms of employment of other employees; (vi) all other information that has been or will be given
to me in confidence by the Company (or any affiliate); (vii) software in various stages of development, and any designs, drawings,
schematics, specifications, techniques, models, data, source code, algorithms, object code, documentation, diagrams, flow charts,
research development, processes and procedures relating to any software; and (viii) any information that the Company obtains from
another party that it treats as proprietary or designates as Proprietary Information.

At all times, both during my employment with the Company and after
my termination, I will not, directly or indirectly, use, make available, sell, disclose or otherwise communicate to any third party,
other than in my assigned duties for the benefit of the Company, any Proprietary Information. I am aware that the unauthorized
disclosure of Proprietary Information may be highly prejudicial to the Company's interests, an invasion of privacy, and an improper
disclosure of trade secrets. Without limiting the foregoing, I shall not make copies of, or otherwise reproduce, Proprietary Information
unless authorized by the Company for reproduction.

2.Company
Materials. "Company Materials" are documents or other media or tangible items that contain or embody Proprietary
Information or any other information concerning the business, operations or plans of the Company, whether such documents have been
prepared by me or by others. "Company Materials" include, without limitation, blueprints, drawings, photographs, charts,
graphs, notebooks, customer lists, computer software, media or printouts, sound recordings and other printed, typewritten or handwritten
documents, as well as samples, prototypes, models, products and the like.

     

     

    

 

3.Intellectual
Property.

3.1All
Proprietary Information and all right, title and interest in and to any patents, patent rights, copyrights, trademark rights, mask
work rights, trade secret rights, and all other intellectual and industrial property and proprietary rights that currently exist
or may exist in the future anywhere in the world (collectively, "Rights") in connection therewith shall be the sole property
of the Company. I hereby assign to the Company any Rights I may have or acquire in such Proprietary Information.

3.2I acknowledge
and agree that I have no expectation of privacy with respect to the Company's telecommunications, networking or information processing
systems (including, without limitation, stored company files, e-mail messages and voice messages) and that my activity and any
files or messages on or using any of those systems may be monitored at any time without notice. I further agree that any property
situated on the Company's premises and owned by the Company, including disks and other storage media, filing cabinets or other
work areas, is subject to inspection by Company personnel at any time with or without notice. All Company Materials shall be the
sole property of the Company. I agree that during my employment with the Company, I will not remove any Company Materials from
the business premises of the Company or deliver any Company Materials to any person or entity outside the Company, except as I
am required to do in connection with performing the duties of my employment. I recognize that the unauthorized taking of any Proprietary
Information may be a crime under the Cal. Penal Code §499c or comparable laws of other states or the United States, and may
also result in civil liability under Sections 3426.1 through 3426.11 of the California Civil Code, or comparable laws of other
states. I further agree that, immediately upon the termination of my employment by me or by the Company for any reason, or for
no reason, or during my employment if so requested by the Company, I will return all Company Materials, apparatus, equipment and
other physical property, or any reproduction of such property, excepting only (a) my personal copies of records relating to my
compensation; (b) my personal copies of any materials previously distributed generally to stockholders of the Company; and (c)
my copy of this Employee Proprietary Information and Inventions Agreement (the "Agreement").

3.3I agree
that all "Inventions" (which term includes patentable or non-patentable inventions, original works of authorship, derivative
works, trade secrets, trademarks, copyrights, service marks, mask works, discoveries, patents, technology, algorithms, computer
software, application programming interfaces, protocols, formulas, compositions, ideas, designs, processes, techniques, know-how,
data and all improvements, rights and claims related to the foregoing), which I have made, conceived, reduced to practice or developed,
and which I make, conceive, reduce to practice or develop (in whole or in part, either alone or jointly with others) during my
employment and in connection with the business of the Company, shall be the sole property of the Company to the maximum extent
permitted by Section 2870 of the California Labor Code. I hereby assign, without further consideration, all such Inventions ("Company
Inventions") to the Company (free and clear of all liens and encumbrances), and the Company shall be the sole owner of all
Rights in connection therewith. No assignment in this Agreement shall extend to Inventions, the assignment of which is prohibited
by Labor. Code Section 2870, which states:

    	2

    	 

    

 

Any provision in an employment agreement which provides that
an employee shall assign, or offer to assign, any of his or her rights in an invention to his or her employer shall not apply to
an invention that the employee developed entirely on his or her own time without using the employer's equipment, supplies, facilities,
or trade secret information except for those inventions that either:

1.Relate at the time of conception
or reduction to practice of the invention to the employer's business, or actual or demonstrably anticipated research or development
of the employer.

2.Result from any work performed
by the employee for the employer.

I acknowledge that all original works of authorship which have been
made and which are made by me (in whole or in part, either alone or jointly with others) within the scope of my employment and
which are protectable by copyright are "works made for hire," as defined in the United States Copyright Act (17 USCA,
Section 101). I have not disclosed and will not disclose Inventions covered by this Section 3.3 to any person outside the
Company, unless I am requested to do so by management personnel of the Company.

3.4I have
maintained and agree to maintain adequate and current written records on the development of all Company Inventions and have disclosed
and agree to disclose promptly to the Company all Company Inventions and relevant records, which records will remain the sole property
of the Company. I further agree that all information and records pertaining to any idea, process, trademark, service mark, invention,
technology, computer program, original work or authorship, design, formula, discovery, patent, or copyright that I do not believe
to be a Company Invention, but is conceived, developed, or reduced to practice by me (in whole or in part, either alone or jointly
with others) during my employment, shall be promptly disclosed to the Company (such disclosure to be received in confidence). The
Company shall examine such information to determine if in fact the ideas, process, or invention, etc., constitutes a Company Invention
and is therefore subject to assignment under Section 3.3. I will also disclose to the Company all Inventions conceived,
reduced to practice, used, sold, exploited or developed by me (in whole or in part, either alone or jointly with others) within
one (1) year of the termination of my employment with the Company ("Presumed Inventions"); such disclosures shall
be received by the Company in confidence, to the extent they are not assigned to the Company in Section 3.3, and do not
extend such assignment. Because of the difficulty of establishing when any Presumed Invention is first conceived or developed by
me, or whether it results from access to Proprietary Information or the Company's equipment, facilities, and data, I agree that
all Presumed Inventions and all Rights associated therewith shall be presumed to be Company Inventions and therefore assignable
to the Company_ I can rebut this presumption, if I prove that a Presumed Invention is not a Company Invention.

    	3

    	 

    

 

3.5I agree
to perform, during and after my employment, all acts deemed necessary or desirable by the Company to permit and assist it, at the
Company's expense, in evidencing, perfecting, recording, obtaining, maintaining, defending and enforcing Rights and/or my assignment
with respect to such Company Inventions in any and all countries. Such acts may include, without limitation, execution of documents
and assistance or cooperation in legal proceedings. Should the Company be unable to secure my signature on any document necessary
to apply for, prosecute, obtain, enforce or defend any Rights relating to any assigned Invention, whether due to my mental or physical
incapacity or any other cause, I hereby irrevocably designate and appoint the Company and its duly authorized officers and agents,
as my agents and attorneys-in-fact, with full power of substitution, to act for and in my behalf and instead of me, to execute
and file any documents and to do all other lawfully permitted acts to further the above purposes with the same legal force and
effect as if executed by me.

3.6Any
assignment of copyright hereunder (and any ownership of a copyright as a work made for hire) includes all rights of paternity,
integrity, disclosure and withdrawal and any other rights that may be known as or referred to as "moral rights" (collectively,
"Moral Rights"). To the extent such Moral Rights cannot be assigned under applicable law and to the extent the following
is allowed by the laws in the various countries where Moral Rights exist, I hereby waive such Moral Rights and consent to any action
of the Company that would violate such Moral Rights in the absence of such waiver and consent. I will confirm any such waivers
and consents from time to time as requested by the Company.

3.7I agree
that I will not incorporate in any way, or permit to be incorporated in any way, any Inventions made, conceived, reduced to practice
or developed by me (in whole or in part, either alone or jointly with others) either: (a) prior to or (b) outside the scope of
my engagement as an independent contractor for the Company ("Prior Inventions"). Notwithstanding the foregoing, I hereby
grant the Company a royalty-free, nonexclusive, perpetual, irrevocable, transferable, worldwide license (with rights to sublicense
through multiple tiers of sublicense) to practice all Rights relating to any Prior Inventions (or other Inventions that are not
assigned or assignable to Company hereunder) that become incorporated in any way, or I permit to be incorporated in any way, in
any Company Inventions or any other Company technology or products.

3.8I understand
that nothing in this Agreement is intended to expand the scope of protection provided me by Sections 2870 through 2872 of the California
Labor Code.

4.Former
Employer Information. I agree that I will not, during my employment with the Company, improperly use or disclose any confidential
information, proprietary information or trade secrets of my former or concurrent employers. I agree that I will not bring onto
the premises of the Company any document or any property belonging to my former employers unless consented to in writing by them.
I represent and warrant that I have returned all property and confidential information belonging to all prior employers.

5.Prior
Actions and Knowledge. I represent and warrant that from the time of my first contact or communication with the Company, I
have held in strict confidence all Proprietary Information and have not and will not: (a) disclose any Proprietary Information
or deliver any Company Materials to anyone outside of the Company, or (b) use, copy, publish, or summarize any Proprietary Information
or remove any Company Materials from the business premises of the Company, except to the extent necessary and appropriate to carry
out my responsibilities as an employee of the Company, or (c) improperly use or disclose any confidential information, proprietary
information or trade secrets of my former or concurrent employers or any other third party, or (d) bring onto the premises of the
Company any document or any property belonging .to my former employers unless consented to in writing by them.

    	4

    	 

    

 

6.No
Conflict with Obligations to Third Parties. I represent that my performance of all the terms of this Agreement has not breached
and will not breach any agreement to keep in confidence proprietary or confidential information acquired by me in confidence or
in trust prior to my employment with the Company_ I have not entered into, and I agree I will not enter into, any agreement either
written or oral in conflict herewith or in conflict with my employment with the Company. The performance of this Agreement does
not and will not violate any applicable law, rule or regulation or any proprietary or other right of any third party.

7.Remedies;
Waiver. I recognize that nothing in this Agreement is intended to limit any remedy of the Company under the California Uniform
Trade Secrets Act. I recognize that my violation of this Agreement could cause the Company irreparable harm, the amount of which
may be extremely difficult to estimate, making any remedy at law or in damages inadequate. Therefore, I agree that the Company
shall have the right to apply to any court of competent jurisdiction for an order restraining any breach or threatened breach of
this Agreement and for any other relief the Company deems appropriate. This right shall be in addition to any other remedy available
to the Company. I ALSO ACKNOWLEDGE AND UNDERSTAND THAT I SHALL NOT, UNDER ANY CIRCUMSTANCE, HAVE ANY RIGHT TO SEEK OR ATTEMPT TO
SEEK ANY INJUNCTIVE RELIEF AGAINST THE COMPANY WITH RESPECT TO ANY BREACH OR THREATENED BREACH OF THIS AGREEMENT, AND I HEREBY
WAIVE ANY AND ALL SUCH RIGHTS AGAINST THE COMPANY.

8.Survival.
I agree that my obligations under Sections 1, 3, and 7 through 15 of this Agreement shall continue in effect after termination
of my employment, regardless of the reason or reasons for termination, and whether such termination is voluntary or involuntary
on my part, and that the Company is entitled to communicate my obligations under this Agreement to any future employer or potential
employer of mine.

9.Controlling
Law; Venue; Severability. I agree that the sole jurisdiction and venue for actions related to the subject matter hereof shall
be the state and federal courts located in the County of Los Angeles, California. I further agree that if one or more provisions
of this Agreement are held to be illegal or unenforceable under applicable California law, such illegal or unenforceable portion(s)
shall be limited or excluded from this Agreement to the minimum extent required so that this Agreement shall otherwise remain in
full force and effect and enforceable in accordance with its terms.

10.Successors
and Assigns. This Agreement shall be binding upon me, my heirs, executors, assigns, and administrators and shall inure to the
benefit of the Company, its subsidiaries, successors and assigns. The failure, whether purposeful or otherwise, to exercise in
any instance any right, power or privilege under this Agreement or under law shall not constitute a waiver of any other right,
power or privilege, nor of the same right, power or privilege in any other instance.

    	5

    	 

    

11.Entire
Agreement/Modification. The terms of this Agreement (including all attached Exhibits, which are incorporated herein by this
reference) are the final expression of my agreement with respect to its subject matter and may not be contradicted by evidence
of any prior or contemporaneous agreement. This Agreement can only be modified by a subsequent written agreement executed by an
officer of the Company.

12.Integration.
This Agreement supersedes all, and may not be contradicted by evidence of any, other prior and contemporaneous agreements and statements
on these subjects. If any practices, policies, or procedures of the Company, now or in the future, that apply to me are inconsistent
with the terms hereof, the provisions of this Agreement shall control unless changed in writing by the Company.

13.Employment
at Will. This Agreement is not an employment agreement. Except as set forth in my employment agreement, if any, the Company
may terminate my employment with it at any time, with or without cause.

14.Construction.
This Agreement shall be construed as a whole, according to its fair meaning, and not in favor of or against any party. By way of
example and not limitation, this Agreement shall not be construed against the party responsible for any language in this Agreement.
The headings of the paragraphs hereof are inserted for convenience only, and do not constitute part of and shall not be used to
interpret this Agreement.

15.Rights
Cumulative. The rights and remedies provided hereby to the Company are cumulative, and the exercise of any right or remedy
by the Company, whether pursuant hereto, to any other agreement, or to law, shall not preclude or waive the Company's right to
exercise any or all other rights and remedies.

    	6

    	 

    

I HAVE READ THIS AGREEMENT CAREFULLY AND I UNDERSTAND
AND ACCEPT THE OBLIGATIONS WHICH IT IMPOSES UPON ME WITHOUT RESERVATION. I HAVE HAD THE OPPORTUNITY TO CONSULT LEGAL COUNSEL IN
REGARD TO THIS AGREEMENT AND AM FULLY AWARE OF ITS LEGAL EFFECT. I HAVE ENTERED INTO THIS AGREEMENT FREELY AND VOLUNTARILY AND
BASED ON MY OWN JUDGMENT. NO PROMISES OR REPRESENTATIONS HAVE BEEN MADE TO ME TO INDUCE ME TO SIGN THIS AGREEMENT.

 

	Date:	 	 	 
	 	 	 	Employee Signature

 

Accepted and Agreed to:

 

	By:	 	 
	Name:	 	 
	Title:	 	 

 

7

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