Document:

Asia
      Time Corporation

    

    EMPLOYMENT
      CONTRACT

    

    Contract
      No.: C058

    

    This
      employment contract is entered into between Asia Time Corporation (hereinafter
      referred to as the “Employer”) and Mr.
      King Wai LIN,
      HKID No.
C497030
      (
      4 )
      (hereinafter referred to as the “Employee”) on the 21st
      April
      2008 under the terms and conditions of employment below:

    

    
      	
              1.

            	
              Commencement
                of Employment

            

    

    Effective
      from 21th
      April
      2008 until either party terminates the contract. 

    

    
      	
              2.

            	
              Position

            

    

    Department:
      Finance Department

    Position:
      Chief Financial Officer

    Job
      Responsibility: In charge of finance department.

    Employee
      No.: C058

    

    
      	
              3.

            	
              Wages

            

    

    
      	 	
              3.1

            	
              Probation
                Wage (HK$): 

            

    

    Monthly
      Wage HK$80,000.00

    

    
      	 	
              3.2

            	
              Basics
                Wage (HK$): 

            

    

    Monthly
      Wage HK$80,000.00, and 

    Annual
      bonus, which is subject to the performance of the company, will be set by the
      board of directors and may include cash and stock options.

    

    
      	 	
              3.3

            	
              Special
                Allowance (HK$): 

            

    

    Traveling
      Allowance: HK$ 
      NIL

    Overseas
      Trip Allowance: HK$ 
      NIL 

    Monthly
      Sales Commission: HK$  NIL

    Others:
        NIL  

    

    
      	 	
              3.4

            	
              Salary
                will be paid monthly in the first day of the following month, or
                the first
                working day in case of public
                holiday.

            

    

     

    
      
        
        

      

      
        1/9

        
          

        

      

      
        
        

      

    

    

    
 

    
      	
              4.

            	
              Working
                Hours

            

    

    Monday
      to
      Friday:

    From:
      9:00 A.M. To: 6:00 P.M.

    Saturday  

    From:
      9:00 A.M. To: 1:00 P.M.

    Lunch
      Time:

    From:
      1:00 P.M. To: 2:00 P.M.

     

    
      	
              5.

            	
              Probation

            

    

    
      	 	
              5.1

            	Probation Period: 

    

    From:
      21st
      April
      2008 To: 20th
      June
      2008

     

    
      	 	
              5.2

            	The Employee will become a normal employee after
              the
              probation period; therefore, he/she is not entitled to the normal employee
              benefits during the probation. Normal employee benefits includes paid
              holidays (Hong Kong General Holidays), paid annual vacation, paid sick
              leave and paid maternity leave. 

    

    

    
      	
              6.

            	
              Employee
                Benefits

            

    

    
      	 	
              6.1

            	
              Paid
                Holidays:

            

    

    § The
      Employee is entitled to the general holidays of Hong Kong; but only normal
      employees can enjoy the holidays with pay. 

     

    § During
      probation, the Employee shall take rest in these holidays but without pay.
      The
      deduction of wages will be calculated as follows:

    

    
      	
              Wage
                deduction =

            	
              No.
                of Leave 

            	
              X

            	
              Monthly
                or Basic Wage 

            
	
              No.
                of Days of that Month 

            

    

     

    
      	 	
              6.2

            	
              Paid
                Annual Vacation:

                § The
                  Employer’s holiday year runs from 1 January to 31 December of every year.
                  

              

            

    

    

    
      	
            	§	
              The
                Employee is entitled to paid annual leave according to the provisions
                of
                the Employment Ordinance. 7 working days annual vacation after completion
                of the first year’s service. One day will be added for completion of one
                year service, subject to a maximum of 14 days. Vacations should be
                taken
                in the next 12 months; vacations not taken in any year will be forfeited
                and cannot be carried forward to the next
                year.

            

    

     

    
      
        
        

      

      
        2/9

        
          

        

      

      
        
        

      

    

    

     

    
      	
            	§	
              According
                to the practice of the Employer, part of the annual vacation will
                be taken
                during the consecutive holidays of the Lunar New Year. Rest of the
                vacation would be taken at the Employee’s discretion. However, seven day’s
                application is required if 2 or more days are applied.
                

            

    

     

    
      	 	
              6.3

            	
              Paid
                Sick Leave

            

    

    The
      Employee is entitled to paid sick leave and allowance according to the
      provisions of the Employment Ordinance. In addition, normal employee can enjoy
      one day full paid leave per month, but medical certificate from a registered
      practitioner or dentist should be presented by the Employee. Full paid sick
      leave entitlement cannot be accumulated and the use should not be
      abused.

    

    
      	 	
              6.4

            	
              Maternity
                Leave

              
                The
                  Employee is eligible for maternity leave pay according to the provisions
                  of the Employment Ordinance if:

              

            

    

    

    
      	 	
              i)

            	
              She
                has been employed under a continuous contract for not less than 40
                weeks
                immediately before the commencement of scheduled maternity leave;
                

            

    

    
      	 	
              ii)

            	
              She
                has given notice of pregnancy and 1 month prior notice of her intention
                to
                take maternity leave to the Employer with the presentation of a medical
                certificate confirming her pregnancy.

            

    

    

    
      	
              7.

            	
              Termination
                of Contract

            

    

     

    
      	
            	7.1	
              Termination
                of Contract during Probation:

              
                During
                  the probation, if either party wishes to terminate the contract,
                  a one
                  month written notice shall be given to the other party or a sum
                  equivalent
                  to the amount of monthly/basic wages for the notice period.
                  

              

            

    

    

    
      	 	
              7.2

            	
              After
                the probation:

              
                If
                  either party wishes to terminate the contract, four months written
                  notice
                  should be given to the other party or a sum equivalent to the amount
                  of
                  monthly/basic wages for the notice period.
                  

              

            

    

    

    
      	 	
              7.3

            	
              If
                the Employee is guilty of dishonesty, theft, fraud, habitually neglectful
                in his/her duties, or have done anything detrimental to the business
                of
                the Employer, any material breach of the regulations of the Employer,
                willfully disobeys a lawful and reasonable order, the Employee could
                be
                summarily dismissed without notice or payment in lieu of notice and
                the
                Employer reserves the right to take further action.
                

            

    

    

    
      
        
        

      

      
        3/9

        
          

        

      

      
        
        

      

    

    

    
 

    
      	
            	7.4	
              Existing
                works should be passed to the successor prior
                leave.

            

    

    

    
      	
            	7.5	
              The
                Employee is not allowed to work for any suppliers or clients who
                have
                business relationship with the Employer within the next 12 months
                after
                termination, and no information of the Employer should be used for
                any
                purposes, otherwise, the Employer reserves the right to take further
                action. 

            

    

    

    8. Mandatory
      Provident Fund

    In
      accordance with the requirements specified in the Mandatory Provident Fund
      Schemes Ordinance, the Employee will contribute 5% of his/her monthly wages
      towards the Scheme, while the Employer for another 5%. The Employee is required
      to produce copies of MFP Statements for final compensation calculation upon
      the
      request of the Employer. 

    

    9. Others

    
      	
            	9.1	
              Any
                provisions not detailed in this contract shall be referred to the
                Employment Ordinance, the Employees’ Compensation Ordinance and any other
                relevant Ordinances, and the employee regulations of the
                Employer.

            

    

    

    
      	
            	9.2	
              This
                Contract has the following annex:  Confidential
                Agreement for
                Asia Time Employeeswhich
                forms part of this contract.

            

    

    

    
      	
            	9.3	
              This
                contract is the agreement between the Employer and the Employee,
                and
                should not be used for any other purpose. Once discovered, the Employer
                reserves the right for further
                action.

            

    

     

    
      
        
        

      

      
        4/9

        
          

        

      

      
        
        

      

    

    

     

    The
      Employer and the Employee hereby declare that they understand thoroughly the
      above provisions and further agree to sign to abide by such provisions. They
      shall each retain a copy of this contract for future reference.

    

      
        	
                The
                  Employer:

              	
                The
                  Employee:

              
	
                (With
                  company chop)

              	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	
                /s/
                  Kai Shun Kwong

              	 	
                /s/
                  King Wai Lin

              	 
	
                Name:
                  Kai Shun KWONG

              	
                Name:
                  King Wai LIN

              
	
                CEO
                  

              	
                HKID
                  No.: 

              
	
                Date:
                  21st
                  April, 2008

              	
                Date:
                  21st
                  April, 2008

              

      

      
        
          
          

        

        
          5/9

          
            

          

        

        
          
          

        

      

    

    

     

    Annex

     

    Confidential
      Agreement for Asia Time Employees

     

    1. Confidentiality 

     

    
      	
            	1.1	
              The
                Employee shall not either during or after the termination of his
                employment by the Company
                hereunder:

            

    

     

    
      	
            	(a)	
              divulge
                or communicate to any person or persons except to those officers
                of the
                Company or the Group whose province it is to know the same and except
                as
                required by law; or

            

    

     

    
      	
            	(b)
              	
              use
                for his own purposes or for any purposes other than those of the
                Company
                or the Group; or 

            

    

     

    
      	
            	(c)
              	
              through
                any failure to exercise all due care and diligence cause any unauthorised
                disclosure of,

            

    

     

    
      any
        secret confidential or any other information:

       

    

    
      	
            	(i)
              	
              relating
                to the business, potential business, finances, dealings or affairs
                of the
                Company or any member of the Group; or

            

    

     

    
      	
            	(ii)
              	
              relating
                to the working of any process or invention which is carried on or
                used by
                the Company or any member of the Group or which he may discover or
                make
                during his employment hereunder; or

            

    

     

    
      	
            	(iii)
              	
              in
                respect of which any such company is bound by an obligation of confidence
                to any third party (including any principal, joint venture partner,
                contracting party or client of the Company or Group) written notice
                of
                which has been given to the Employee or of which he is aware,
                

            

    

     

    but
      these
      restrictions shall cease to apply to any information or knowledge which may
      (otherwise than through the default of the Employee) become available to the
      public generally without requiring a significant expenditure of labour, skill
      or
      money, or becomes lawfully available to the Employee from a third party free
      from any confidentiality restriction or any information required to be disclosed
      under any relevant law or regulation. The Employee undertakes to notify the
      Company promptly of any unauthorized release of the above secret confidential
      information. 

    
      
        
        

      

      
        6/9

        
          

        

      

      
        
        

      

    

    

     

    Save
      as
      mentioned above, for the purpose of this clause, “secret confidential
      information” shall also include all information which is obtained, whether in
      writing, pictorially, in machine-readable form or orally, by observation during
      visits or provided by Company or the Group to the Employee, whether of a
      technical or business nature and/or ideas including but without limitation,
      financial information, know-how, trade secrets, technology, customers lists
      (potential or actual) and other customers-related information, suppliers
      information, sales statistics, market projection and intelligence, marketing
      and
      other business strategies and other business or commercial
      information.

     

    
      	 	
              1.2

            	
              The
                Employee will promptly whenever requested by the board of directors
                of the
                Company and in any event upon the termination of his employment,
                deliver
                up to the Company or its nominees all lists of suppliers, clients
                or
                customers, correspondence and all other documents and records in
                whatever
                medium and assets relating to the business of the Group, which may
                have
                been prepared by him or have come into his possession, custody or
                control
                in the course of his employment, and the Employee will not be entitled
                to
                and will not retain any copies thereof. Title to and copyright in
                these
                items will vest in the Company.

            

    

     

    2. Non-competition
      and Non-solicitation

     

    
      	 	
              2.1

            	
              During
                his employment the Employee will not, without obtaining the prior
                approval
                of the board of directors of the Company, be directly or indirectly
                engaged or concerned in the conduct of any other business or have
                any
                financial interest in any other business which, in the reasonable
                opinion
                of the board of directors of the Company, is an
                organisation:

            

    

     

    
      	 	
              (a)

            	
              which
                competes or may compete with the business of the Company or the Group;
                or

            

    

     

    
      	 	
              (b)

            	
              an
                association with which could jeopardize the reputation of the Company
                or
                the Group; or

            

    

    
      
        
        

      

      
        7/9

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (c)

            	
              an
                engagement with which would adversely affect the Employee's ability
                to
                perform his duties fully and properly under this
                Agreement,

            

    

     

    provided
      that this shall not prohibit the holding (directly or through nominees) of
      investments listed on any recognised stock exchange as long as not more than
      five per cent. (5%) of the issued shares or stock of any class of any company
      shall be so held without the prior sanction of the board of directors of the
      Company.

     

    
      	 	
              2.2

            	
              The
                Employee will not, for a period of [twelve (12)] months after the
                termination of his employment with the Company (howsoever caused),
                either
                personally or through an agent, carry on or be interested or engaged
                in
                (other than as a holder of not more than five per cent (5%) of the
                issued
                shares or debentures of any company listed on any recognised stock
                exchange), or be concerned directly or indirectly in any Employee,
                technical, advisory or other capacity in, any business concern (of
                whatever kind) which is in direct competition with the business of
                any
                member of the Group. However, this restriction will not restrain
                the
                Employee from being engaged or concerned in any business concern
                insofar
                as the Employee's duties or work will relate solely
                to:

            

    

     

    
      	 	
              (a)

            	
              geographical
                areas outside Hong Kong where the Group have not transacted any business;
                or

            

    

     

    
      	 	
              (b)

            	
              services
                or activities of a kind with which the Employee was not concerned
                to a
                material extent in respect of the Group during his employment with
                the
                Company.

            

    

     

    
      	 	
              2.3

            	
              The
                Employee undertakes that he will not within a period of [twelve (12)
                months] after the termination of his employment with the Company
                (howsoever caused), within Hong Kong, or in any other country where
                the
                Group has transacted business, either personally or through an agent,
                directly or indirectly:

            

    

     

    
      	 	
              (a)

            	
              solicit
                or endeavour to entice away from the
                Group:

            

    

     

    
      	 	
              (i)

            	
              any
                person, firm, company or other organisation which within [twelve
                (12)]
                months prior to or at the date of such termination was a customer
                or
                client of, or in the habit of dealing with the Group and with whom
                the
                Employee had contact or about whom he became aware or informed of
                in the
                course of his employment; or

            

    

    
      
        
        

      

      
        8/9

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (ii)

            	
              any
                other person, firm, company or other organisation with whom the Employee
                had regular, substantial or a series of business dealings on behalf
                of the
                Group; or

            

    

     

    
      	 	
              (iii)

            	
              any
                employee, director, adviser or consultant of any member of the Group;
                and

            

    

     

    
      	 	 	
              employ
                or otherwise engage or use the services of any person who is an employee,
                adviser, consultant of or under a contract of services with any member
                of
                the Group.

            

    

     

    
      	 	
              2.4

            	
              While
                the restrictions contained in this Agreement are considered by the
                parties
                to be reasonable in all the circumstances, it is agreed that if such
                restrictions as a whole are adjudged to go beyond what is reasonable
                for
                the protection of the confidential information and other legitimate
                investment interests of the Company, and to be unenforceable, but
                would be
                adjudged reasonable and enforceable if any part of the wording thereof
                were deleted or the period thereof reduced or the range of activities
                or
                area reduced in scope, then such restrictions will apply with such
                modifications as may be necessary to make it valid and
                effective.

            

    

     

    Accepted
      by:

    

    ________________________

    King
      Wai
      LIN

    
      
        
        

      

      
        9/9Confidential
      Agreement for Asia Time Employees

     

    
      	
              1.

            	
              Confidentiality 

            

    

     

    
      	 	
              1.1

            	
              The
                Employee shall not either during or after the termination of his
                employment by the Company
                hereunder:

            

    

     

    
      	 	
              (a)

            	
              divulge
                or communicate to any person or persons except to those officers
                of the
                Company or the Group whose province it is to know the same and except
                as
                required by law; or

            

    

     

    
      	 	
              (b)

            	
              use
                for his own purposes or for any purposes other than those of the
                Company
                or the Group; or 

            

    

     

    
      	 	
              (c)

            	
              through
                any failure to exercise all due care and diligence cause any unauthorised
                disclosure of,

            

    

     

    any
      secret confidential or any other information:

     

    
      	 	
              (i)

            	
              relating
                to the business, potential business, finances, dealings or affairs
                of the
                Company or any member of the Group; or

            

    

     

    
      	 	
              (ii)

            	
              relating
                to the working of any process or invention which is carried on or
                used by
                the Company or any member of the Group or which he may discover or
                make
                during his employment hereunder; or

            

    

     

    
      	 	
              (iii)

            	
              in
                respect of which any such company is bound by an obligation of confidence
                to any third party (including any principal, joint venture partner,
                contracting party or client of the Company or Group) written notice
                of
                which has been given to the Employee or of which he is aware,
                

            

    

    

    but
      these
      restrictions shall cease to apply to any information or knowledge which may
      (otherwise than through the default of the Employee) become available to the
      public generally without requiring a significant expenditure of labour, skill
      or
      money, or becomes lawfully available to the Employee from a third party free
      from any confidentiality restriction or any information required to be disclosed
      under any relevant law or regulation. The Employee undertakes to notify the
      Company promptly of any unauthorized release of the above secret confidential
      information. 

    
      
         

      

      
        1/4

        
          

        

      

      
         

      

    

    

     

    Save
      as
      mentioned above, for the purpose of this clause, “secret confidential
      information” shall also include all information which is obtained, whether in
      writing, pictorially, in machine-readable form or orally, by observation during
      visits or provided by Company or the Group to the Employee, whether
      of a technical or business nature and/or ideas
      including but without limitation, financial information, know-how, trade
      secrets, technology, customers lists (potential or actual) and other
      customers-related information, suppliers information, sales statistics, market
      projection and intelligence, marketing and other business strategies and other
      business or commercial information.

     

    
      	 	
              1.2

            	
              The
                Employee will promptly whenever requested by the board of directors
                of the
                Company and in any event upon the termination of his employment,
                deliver
                up to the Company or its nominees all lists of suppliers, clients
                or
                customers, correspondence and all other documents and records in
                whatever
                medium and assets relating to the business of the Group, which may
                have
                been prepared by him or have come into his possession, custody or
                control
                in the course of his employment, and the Employee will not be entitled
                to
                and will not retain any copies thereof. Title to and copyright in
                these
                items will vest in the Company.

            

    

     

    
      	
              2.

            	
              Non-competition
                and Non-solicitation

            

    

     

    
      	 	
              2.1

            	
              During
                his employment the Employee will not, without obtaining the prior
                approval
                of the board of directors of the Company, be directly or indirectly
                engaged or concerned in the conduct of any other business or have
                any
                financial interest in any other business which, in the reasonable
                opinion
                of the board of directors of the Company, is an
                organisation:

            

    

     

    
      	 	
              (a)

            	
              which
                competes or may compete with the business of the Company or the Group;
                or

            

    

     

    
      	 	
              (b)

            	
              an
                association with which could jeopardize the reputation of the Company
                or
                the Group; or

            

    

     

    
      	 	
              (c)

            	
              an
                engagement with which would adversely affect the Employee's ability
                to
                perform his duties fully and properly under this
                Agreement,

            

    

    
      
         

      

      
        2/4

        
          

        

      

      
         

      

    

     

    provided
      that this shall not prohibit the holding (directly or through nominees) of
      investments listed on any recognised stock exchange as long as not more than
      five per cent. (5%) of the issued shares or stock of any class of any company
      shall be so held without the prior sanction of the board of directors of the
      Company.

     

    
      	 	
              2.2

            	
              The
                Employee will not, for a period of [twelve (12)] months after the
                termination of his employment with the Company (howsoever caused),
                either
                personally or through an agent, carry on or be interested or engaged
                in
                (other than as a holder of not more than five per cent (5%) of the
                issued
                shares or debentures of any company listed on any recognised stock
                exchange), or be concerned directly or indirectly in any Employee,
                technical, advisory or other capacity in, any business concern (of
                whatever kind) which is in direct competition with the business of
                any
                member of the Group. However, this restriction will not restrain
                the
                Employee from being engaged or concerned in any business concern
                insofar
                as the Employee's duties or work will relate solely
                to:

            

    

     

    
      	 	
              (a)

            	
              geographical
                areas outside Hong Kong where the Group have not transacted any business;
                or

            

    

     

    
      	 	
              (b)

            	
              services
                or activities of a kind with which the Employee was not concerned
                to a
                material extent in respect of the Group during his employment with
                the
                Company.

            

    

     

    
      	 	
              2.3

            	
              The
                Employee undertakes that he will not within a period of [twelve (12)
                months] after the termination of his employment with the Company
                (howsoever caused), within Hong Kong, or in any other country where
                the
                Group has transacted business, either personally or through an agent,
                directly or indirectly:

            

    

     

    (a) solicit
      or endeavour to entice away from the Group:

    
      
         

      

      
        3/4

        
          

        

      

      
         

      

    

     

    
      	 	
              (i)

            	
              any
                person, firm, company or other organisation which within [twelve
                (12)]
                months prior to or at the date of such termination was a customer
                or
                client of, or in the habit of dealing with the Group and with whom
                the
                Employee had contact or about whom he became aware or informed of
                in the
                course of his employment; or

            

    

     

    
      	 	
              (ii)

            	
              any
                other person, firm, company or other organisation with whom the Employee
                had regular, substantial or a series of business dealings on behalf
                of the
                Group; or

            

    

     

    
      	 	
              (iii)

            	
              any
                employee, director, adviser or consultant of any member of the Group;
                and

            

    

     

    
      	 	
              (b)

            	
              employ
                or otherwise engage or use the services of any person who is an employee,
                adviser, consultant of or under a contract of services with any member
                of
                the Group.

            

    

     

    
      	 	
              2.4

            	
              While
                the restrictions contained in this Agreement are considered by the
                parties
                to be reasonable in all the circumstances, it is agreed that if such
                restrictions as a whole are adjudged to go beyond what is reasonable
                for
                the protection of the confidential information and other legitimate
                investment interests of the Company, and to be unenforceable, but
                would be
                adjudged reasonable and enforceable if any part of the wording thereof
                were deleted or the period thereof reduced or the range of activities
                or
                area reduced in scope, then such restrictions will apply with such
                modifications as may be necessary to make it valid and
                effective.

            

    

     

    Accepted
      by:

    

    

    
      	
              /s/
                King Wai Lin

            	 
	
              King
                Wai LIN

            

    

    
      
         

      

      
        4/4

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