Document:

fs1a5ex10ii_greensolution.htm

Exhibit 10.2

 

AGREEMENT FOR GREENERY CONSULTANCY

 

Agreement between:

 

GLORIOUS PIE LIMITED (the "Company"), a company incorporated with limited liability in the British Virgin Islands having its registered office at Sea Meadow House, Blackburne Highway, Road Town, Tortola, British Virgin Islands;

 

AND

 

_______________ (the "Client"), a company incorporated [with limited liability] under the laws of the PRC (as defined in Clause 1 below) having its registered office at                                

 

WHEREAS:

 

A.  The Company specializes in the provision of greenery consultancy services and trading business, inter alia, provision or arrangement of personnel for landscape and ecological improvement projects.

 

B.  The Client specializes in landscape engineering and ecological improvement-related works mainly in Guangdong Province, PRC.

 

C.  The Client has entered and/or shall enter into various agreements with various third party end-users (the "End-users") of a 10-year period from 2006 to 2016 under which it shall carry out a series of landscaping and ecological improvement-related construction works (the "Work") in Guangdong Province, PRC (the "Projects" and each of them the "Project").

 

D.  The Client agrees to appoint the Company to provide relevant personnel through the Service Providers (as defined in Clause 1 below) and relevant greenery consultancy services to assist the Client in staffing the Projects (the "Services") in accordance with a specified Term Sheet (as defined in Clause 1 hereunder)

 

E.  The Company agrees to carry out and complete the Services in consideration of the Client paying to the Representative (as defined in Clause 1 hereunder) appointed by the Company the sums and in the manner as provided in Clause 5 under this Agreement.

 

F.  The Company shall procure the Client and the Service Provider to go into a separate agreement as a memorandum to this Agreement, which shall set out the terms between the two parties in accordance with this Agreement (the "Separate Agreement(s)") in respect of the scope of work. The Separate Agreements are governed by and executed according to the laws of the PRO and would only come into effect when the Company is declared bankrupt or sued by any party in any legal proceedings (a "Triggering Event"). The purpose of signing the Separate Agreements is to mitigate the risks of having uncompleted Work. The signing of the Separate Agreements do not preclude the Client from claiming damages and compensation of loss from the Company while the Company is not a party of the Separate Agreements.

 

In consideration of the mutual promises herein contained and the mutual covenants and agreements set forth herein, the parties hereto agree as follows:

 

1.          DEFINITIONS AND INTERPRETATION

 

  

1

  

 

	
1.1

	
For the purpose of this Agreement the following words and expressions shall have the respective meaning assigned to them:

 

	  	
"Agreement"

	
means this Agreement for Greenery Consultancy as originally executed or as it may from time to time be amended or supplemented;

	  	  	  
	  	
"Business Day"

	
means a day (excluding Saturday, Sunday or any day on which a tropical cyclone warning signal no. 8 or above or a black rainstorm warning signal is hoisted in Hong Kong at any time between 9:00 a.m. and 5:00 p.m.) on which banks are generally open for business in Hong Kong and the PRC;

	  	  	  

 

 

 

 

 

	  	
"China' or "PRO"  

	
means the People's Republic of China;

	  	  	  
	  	
"Commencement Date"

	
means the date of this Agreement;

	  	  	  
	  	
"Consideration"

	
means the consideration net of any tax or levy for the provision of the Services to be specified in the Term sheet for each Project and which is to be paid in RMB or any other currency acceptable by the party being paid;

	  	  	  
	  	
"Hong Kong"

	
means the Hong Kong Special Administrative Region of PRO;

	  	  	  
	  	
"Party"

	
means the Company or the Client;

	  	  	  
	  	
"Parties"

	
means the Company and the Client;

	  	  	  
	  	
"Representative"

	
means the individual appointed by the Company to receive payment on its behalf;

	  	  	  
	  	
"RMB"

	
means Renminbi, the lawful currency of PRC;

	  	  	  
	  	
"Service Fees"

	
means the amounts described as set out in the Term Sheet;

	  	  	  
	  	
"Service Provider(s)"

	
means architects, landscape designers, engineers, construction workers and other workers who are required to carry out landscape and ecological improvement work under the Client's project:

	  	  	  
	  	
"Term"

	
means the effective term of this Agreement as defined in Clause 3 of this Agreement.

	  	  	  

	  	
"Term Sheet"

	
means the term sheet to be supplied by the Client tc the Company specifying the Consideration, completion arrangements, list of tasks and types and number of personnel required for each Project, in the form set out in Schedule I of this Agreement.

	  	  	  
	  	  	  
	
1.2

	
In this Agreement:

	  

 

  

2

  

 

	  	
(a)

	
All references to clauses, sub-clauses and Schedules are to clauses, sub-clauses and Schedules of this Agreement.

	  	  	  
	  	
(b)

	
Words importing the singular number only shall include the plural number and vice versa; words importing the masculine gender only shall include the feminine gender; and words importing persons shall include corporations, firms, partnerships, bodies corporate, corporations, associations, joint ventures, organisations and trusts (in each case whether or not incorporated and whether or not having a separate legal personality)

	  	  	  
	  	
(c)

	
The clause headings in this Agreement are inserted for ease of reference only and shall not affect the construction or interpretation of this Agreement.

	  	  	  
	  	
(d)

	
References to this Agreement or any other document include references to this Agreement, its recitals and the Schedules or such other document as varied, supplemented and/or replaced in accordance with this Agreement from time to time

	  	  	  
	  	
(e)

	
References to any party shall, where relevant, be deemed to be references to or to include, as appropriate, their respective lawful successors, permitted assigns or transferees.

 

	  	
(f)

	
References to "writing" include telex, e-mail and facsimile transmission legibly received except in relation to any certificate, report, notice or other document which is expressly required by this Agreement to be signed, and "written" has a corresponding meaning.

	  	  	  
	  	
(g)

	
In the case of conflict or ambiguity between any provision contained in the body of this Agreement and any provision contained in any Schedule, the provision in the body of this Agreement shall take precedence.

 

	
2

	
APPOINTMENT

	  	  
	  	
The Client hereby appoints the Company, and the Company hereby agrees, to carry out and complete the Services upon the terms and conditions of this Agreement.

	  	  
	
3

	
TERM

	  	  
	  	
This Agreement shall commence on the Commencement Date and shall continue for a period of ten (10) years or otherwise its termination pursuant to Clause 9.

	  	  
	
4

	
SCOPE OF WORK AND RESPONSIBILITIES OF THE PARTIES

	  	  
	
4.1

	
The Company shall, in carrying out the Services as generally categorised and set out in its Statement of Work pursuant to Schedule II, exercise due care and skill and act in a professional manner and shall use its best endeavours to procure that all its employees and agents do likewise.

	  	  
	
4.2

	
The Company shall provide greenery consultancy services, and/or arrange for/ procure a Service Provider who shall provide, personnel which are suitably skilled and appropriately experienced and qualified to perform the tasks required in each of the Projects, as specified by the Client in the Term Sheet, in a competent and workmanlike manner in accordance with applicable industry standards.

 

  

3

  

 

	  	  
	
4.3

	
At the time of engagement of the Service Provider, the Company shall pay for the Service Provider on its own account (the 'Company's Services") whereas the Client's payment of consideration to the Company would be separated from and independent of any legal obligation between the Company and the Service Provider in accordance with Clause 5 and the relevant Term Sheets unless the Separate Agreement comes into effect due to happening of a Triggering Event.

	  	  
	
4.4

	
The Company shall use its reasonable endeavours to comply, or to procure the Service Provider to comply, with the task requirements as specified by the Client in the relevant Term Sheet,

	  	  
	
4.5

	
The Service Provider shall provide consultancy services in other manpower-related matters with respect to each of the Projects from time to time and whenever necessary throughout the duration of the Client's Projects.

	  	  
	
4.6

	
The Client shall provide a list of job responsibilities of the Company, of which shall be then provided to the Service Provider by the Company, specified in the Term Sheet.

	  	  
	
4.7

	
The Client shall enter into the Separate Agreement with the Service Provider in the terms which are to be agreed by the Client and the Service Provider under the facilitation of the Company The Separate Agreements should only be treated as memoranda to this Agreement and should not take any effect until a Triggering Event has occurred. In case of the occurrence of a Triggering Event, the performance of Work by the Company would cease immediately and only at this point of time the Separate Agreements should come into force,

	  	  
	
4.8

	
The Client shall make the necessary payments to the Company promptly in accordance with Clause 5 and the payment date as stipulated in the Term Sheet.

	  	  
	
5

	
CONSIDERATION & PAYMENT

	  	  
	
5.1

	
In consideration of the Company's Services, the Client shall pay to the Company the Consideration to be stipulated in the Termsheet and all reasonable out of pocket expenses of any) in accordance with the commercial terms and payment terms as detailed in the Separate Agreement.

	  	  

	
5.2

	
The Company shall send its staff to check for the quality of completion of the Project(s) together with the Client. The Client shall pay for the Company's Services within 90 days upon the completion of the Project(s) to the satisfaction of the Client.

	  	  
	
5.3

	
The Company shall be entitled to the receivables from the Client for the percentage of Work completed. The date of payment of such Work is stated in the Termsheets and unless the Company is not satisfied with the quality of Work completed and/or the Client has not fulfilled the terms and conditions specified under the Termsheets.

	  	  
	
6

	
STATUS OF THE COMPANY

	  	  

 

  

4

  

 

	
6.1

	
In carrying out the Services, the Company shall, at its own costs and expenses, conform with all relevant laws and regulations applicable to it.

	  	  
	
6.2

	
The Company is appointed by the Client hereunder only for the purposes and to the extent stated in this Agreement.

	  	  
	
7.

	
WARRANTIES & LIABILITIES

	  	  
	
7.1

	
Subject to the limitations in Clause 8, each party (called the Indemnifying Party in this Clause) shall indemnify and keep indemnified the other party (called the Indemnified Party in this Clause) against any and all losses, costs, expenses, claims, demands, proceedings, damages and other liabilities incurred or suffered by the Indemnified Party as a result of any breach of warranty given in this Agreement by the Indemnifying Party.

	  	  
	
7.2

	
The Company represents, warrants and undertakes to the Client that:

	  	  
	  	
(a)   it will undertake the Services with reasonable skill and care;

	  	  
	  	
(b)   it will engage competent and well-qualified staff in sufficient number for provision of the Services; and

	  	  
	  	
(c)

	
the Services will be provided in a timely and professional manner and in accordance with the Client's manpower requirements and project schedule and will conform to the standards generally observed in the industry for similar services;

 

	
8.

	
LIMITATION OF LIABILITIES

	  	  
	
8.1

	
Neither party excludes or limits its liability to the other party in respect of:

	  	  
	  	
(a)

	
death or personal injury or otherwise to the extent prohibited by applicable law;

	  	  	  
	  	
(b)

	
any fraud or for any sort of liability that by law, cannot be limited or excluded; or

	  	  	  
	  	
(c)

	
any loss or damage caused by a deliberate breach of this Agreement.

	  	  	  
	
8.2

	
Subject to Clause 8.1 above, in no event will either party's total liability based on contract or tort or negligence or statutory liability arising out of or in connection with this Agreement exceed 100% of the total Service Fees payable to the Company by the Client for the Services provided under the terms of this Agreement.

	  	  
	
8.3

	
It is hereby expressly agreed that in no event shall any party be liable to the other party for consequential, collateral, special, incidental or indirect damages (such as, without limitation, loss of revenue, loss of profits, loss of business, loss of goodwill) or any punitive or exemplary damages of any kind whatsoever, even if advised of the possibilities of such damages in advance.

	  	  
	
9

	
TERMINATION

	  	  
	
9.1

	
Either party (the 'Non-Defaulting Party") may terminate this Agreement forthwith by giving written notice to the other party (the "Defaulting Party") if the Defaulting Party:-

 

  

5

  

 

	  	
(a)

	
defaults in the performance of any of its obligations under this Agreement and such default (being capable of remedy) is not remedied within fifteen (15) days after the Non-Defaulting Party has given written notice requiring the Defaulting Party to remedy the same;

 

	  	  	  
	  	
(b)

	
defaults in the performance of any of its obligations under this Agreement which by its nature cannot be remedied:

	  	  	  
	  	
(c)

	
engages directly or indirectly in any attempt to defraud the Non-Defaulting Party;

	  	  	  
	  	
(d)

	
is unable to pay all or any of its debts as they become due or if becomes insolvent or makes any assignment for the benefit of its creditors;

	  	  	  
	  	
(e)

	
is liquidated or dissolved or any proceedings are commenced by, for or against it under any bankruptcy, insolvency laws or law providing for the appointment of a receiver or trustee in bankruptcy; or

	  	  	  
	  	
(f)

	
in the case of the Service Provider, acts dishonestly or persistently neglects its duties hereunder or refuses to comply with any reasonable instructions or directions given by the Client in relation to the carrying out of the Services. Neither termination nor expiration of this Agreement shall release either party from any obligation to pay any monies due to the other party or operate to discharge any liability incurred by either party prior to such termination or expiration.

	  	  	  
	
9.2

	
Each party shall give the other notice in writing of any change in its name or address.

	  	  
	
10

	
ASSIGNABILITY

	  	  
	  	
Neither party may assign any of its rights or benefits, or transfer or purport to transfer any of its duties or obligations, under this Agreement to any third party without the prior written consent of the other party. Any such attempted assignment or transfer shall be null and void.

	  	  
	
11

	
WAIVER

 

	  	
No single or partial exercise of or failure or omission to exercise or delay in exercising any right, power, claim or remedy vested in any party under or pursuant to this agreement or otherwise shall affect, prejudice or constitute a waiver by such party of such or any other right, power, claim or remedy,

	  	  
	
12

	
ENTIRE AGREEMENT

	  	  
	  	
This Agreement sets forth the entire agreement and understanding between the Parties in relation to the transactions contemplated by this Agreement, and supersedes and cancels in all respects all previous letters of intent, correspondence, understandings, agreements and undertakings (if any) between the parties with respect to the subject matter of this Agreement, whether such be written or oral.

	  	  
	
13

	
AMENDMENT

	  	  
	  	
No variation of this Agreement shall be effective unless it is in writing and signed by or on behalf of each of the parties to this Agreement.

	  	  
	
14

	
SEVERABILITY

	  	  
	  	
If at any time one or more of the provisions of this Agreement is or becomes invalid, illegal, unenforceable or incapable of performance in any respect, the validity, legality, enforceability or performance of the remaining provisions of this Agreement shall not thereby in any way be affected or impaired.

 

  

6

  

 

	  	  
	
15

	
COUNTERPARTS

	  	  
	  	
This Agreement may be executed in any number of counterparts and by either Party on separate counterparts, each of which when so executed and delivered shall be an original, but all the counterparts together shall constitute one and the same instrument.

	  	  
	
16

	
TIME

	  	  
	  	
Time shall be of the essence of this Agreement, both as regards the dates and periods specifically mentioned in this Agreement and as to any date and period which may by written agreement between or on behalf of the Parties be substituted for them.

 

	
17

	
COSTS AND EXPENSES

	  	  
	  	
Each party shall bear all its own legal and professional fees, costs and expenses of and incidental to the negotiation, preparation, execution and completion of this Agreement.

	  	  
	
18

	
NOTICES

	  	  
	
18.1

	
All notices, requests, demands and other communications required to be given or made under this Agreement shall be in writing and delivered or sent to the other party by hand or by registered mail (air-mail, if outside the sender's country or territory) or by facsimile or email confirmed in writing by registered mail dispatched within twenty-four (24) hours of the facsimile or email dispatch in question, and shall be addressed to the appropriate party at the address set out in this Agreement or to such other address as such party hereto may from time to time designate to the others of them in writing.

	  	  
	
18.2

	
Any notice, request, demand or other communication given or made to the relevant party shall be deemed to have been received in the case of communications in writing and delivered by hand on the date of delivery against written receipt, in the case of written communications sent by registered mail on the date which is two (2) business days in the case of local mail or five (5) business days in the case of overseas mail after the mailing thereof, and in the case of a facsimile or e-mail one (1) day after the date of dispatch thereof.

	  	  
	
19

	
GOVERNING LAW AND JURISDICTION

	  	  
	  	
This Agreement shall be governed by, and construed in all respects in accordance with, the laws of Hong Kong and the parties hereby submit to the non-exclusive jurisdiction of the courts of Hong Kong.

	  	  	  

 

  

7

  

 

SCHEDULE  I

 

TERM SHEET

 

Name of Project:

 

Client: [ o]                                               

 

Consideration:

 

Payment Date:

 

Task Specifications:

 

Types of Tasks:   Detailed Tasks:

 

[Task Type I in Chinese in accordance with terms used in the separate agreement]

 

[tasks  translated  into  English]

 

[Task Type 2]

 

Project Specifications:

 

Types & Number of :

Personnel

 

Completion Date       :On / Before [●]

 

 

Project Location(s)     : [●]

 

  

8

  

 

 

SCHEDULE II

 

STATEMENT OF WORK

 

In consideration of the payment of the Price, the Company hereby agrees to:

 

	
1.  

	
provide greenery consultancy services;

 

	
2.  

	
arrange, and/or assist in the arrangement of, all necessary personnel including but not limited to architects, engineers, landscape designers and construction workers required by the Client for the completion of the Projects;

 

	
3.  

	
ensure, and/or to procure the agreement of the Service Provider to ensure, all workers it supplies to the Client comply with the landscaping project plans, schedules and tasks set out by the Client pursuant to this Agreement;

 

	
4.  

	
provide necessary consultancy services regarding other manpower-related issues as required by the Client from time to time throughout the duration of the Client's Projects; and

 

all in accordance with the terms and conditions of this Agreement and in compliance with the project plan.

 

  

9

  

 

EXECUTION PAGE

 

IN WITNESS whereof, the parties hereto have duly executed this Agreement the day and year first above written.

 

 

	
SIGNED by

	
)

	
For and on behalf of

	  
	
Tai Chi Yip

	
)

	
GLORIOUS PIE LIMITED

	  
	
its director

	
)

	  	  
	
for and on behalf of

	
)

	  	  	  
	
GLORIOUS PIE LIMITED

	  	  	
/s/ Tai Chi Yip

	  
	  	  	  	  	  
	
In the presence of

	  	  	  	  
	
______________________

	  	  	  	  

 

 

	
SIGNED by

	
)

	
For and on behalf of

	  
	
___________________

	
)

	
GLORIOUS PIE LIMITED

	  
	
its director

	
)

	  	  
	
for and on behalf of

	
)

	  	  	  
	
___________________

	  	  	
/s/

	  
	  	  	  	  	  
	
In the presence of

	  	  	  	  
	
___________________

	  	  	  	  

 

  

10

  

 

 

  

11

  

 

12fs1a5ex10v_greensolution.htm

 

Exhibit 10.5

 

Dongguan Carnival City Hotel

Consultancy Agreement 

Dated the 19th day of June 2006

DAI QINGCHOU

 

(戴慶儔)

 

and

GLORIOUS PIE LIMITED

 

 

 

CONSULTANCY AGREEMENT

for DONGGUAN CARNIVAL CITY HOTEL

(東莞巿長安嘉年華城酒店)

 

  

  

  

 

TABLE OF CONTENTS

 

 

	
Clauses

	
    Page

	  	  	  
	  	  	  
	
1

	
INTERPRETATION

	
1

	
2

	
THE HOTEL

	
3

	
3

	
SCOPE OF WORK

	
3

	
4

	
TERM

	
4

	
5

	
OPERATION

	
4

	
6

	
LICENSES

	
4

	
7

	
CONSIDERATION AND PAYMENT

	
5

	
8

	
BOOKS AND RECORDS

	
6

	
9

	
COVENANTS AND WARRANTIES

	
6

	
10

	
DAMAGE, DESTRUCTION AND CONDEMNATION OF THE HOTEL

	
7

	
11

	
DEFAULT AND TERMINATION

	
8

	
12

	
CONFIDENTIALITY

	
9

	
13

	
FORCE MAJEURE

	
10

	
14

	
GOVERNING LAW AND JURISDICTION

	
12

	
15

	
MISCELLANEOUS

	
12

	 	 	 
	
SCHEDULE 1 - THE HOTEL

	
15

	
SCHEDULE 2 - LICENCES

	
16

	
EXECUTION PAGE

	
17

 

  

  

  

 

Dongguan Carnival City Hotel

Consultancy Agreement

 

CONSULTANCY AGREEMENT

 

This Agreement is made on the 19th day of June 2006 between:-

 

	
(1)  

	
DAI QINGCHOU (戴慶儔), holder of the Identity Card of China number 4425271960243355 of 中國廣東省東莞巿長安鎮烏沙同達路同和一巷14號        (the “Proprietor”); and

 

	
(2)

	
GLORIOUS PIE LIMITED, a company incorporated with limited liabilities under the laws of British Virgin Islands whose registered office is situated at Sea Meadow House, Blackburne Highway, Road Town, Tortola, British Virgin Islands (the “Consultant”).

 

Whereas:-

 

	
(A)

	
The Proprietor is entitled to run a hotel business in the Hotel (Refer to Clause 2 and Schedule 1 for details) and has obtained all the licences required by the laws of China and the Relavant Authorities (Refer to Schedule 2 for details).

 

	
(B)

	
To introduce an effective operating system on energy saving and cost control, the Proprietor therefore appoints the Consultant to provide consultancy services on eco-operation and interior design of the Hotel.

 

	
(C)  

	
In return for the consultancy services, the Proprietor shall pay the Consultancy Fee to the Consultant in accordance with Clause 6 of this Agreement.

 

It is agreed as follows:-

 

	
1.  

	
INTERPRETATION

 

	
1.1  

	
Definitions

 

“Agreement” shall mean this Consultancy Agreement, together with the Schedules hereto, in each case as from time to time amended by the parties hereto and includes all Licences and consents granted under it.

 

“China” shall mean the People’s Republic of China.

 

“Confidential Information” shall mean any information of a confidential nature including, without limitation, details of guests of the Hotel, contractual rates, supplier details, employees’ salaries and wages, managers policies and procedures, information held on the reservation system of the Hotel including guest history, direct mail database of customers, accounting and statistical information and any other information produced by the Hotel Manager to the Proprietor relevant to the Hotel. Notwithstanding the foregoing, the Hotel Manager shall be entitled to use the Confidential Information in the normal course of their business to the same extent as similar information is used for all or groups of their hotels including, but not limited to and by way of example only, for marketing and guest tracking databases, direct mailings and sales activities, inclusion on reservation systems, development of best practices, financial analysis and use by professional advisers.

 

  

1

  

 

Dongguan Carnival City Hotel

Consultancy Agreement

 

“Consultancy Fee” shall have the meaning ascribed to it in Clause 6.1.

 

“Fiscal Year” shall mean 1st June in one year to 31st May of the following year (both days inclusive) for all purposes, except that the first fiscal year shall commence on the date of execution of this Agreement and end on 31st May of the following year (both days inclusive) and the last fiscal year shall end on the date of the expiration of the Term (both days inclusive).

 

“Government” shall mean the Central Government of China.

 

“Hong Kong” shall mean the Hong Kong Special Administrative Region of China.

 

“Hotel” shall mean the hotel in the form and structure situated on the location as described in Schedule 1 operated under the name “Dongguan Carnival City Hotel (東莞巿長安嘉年華城酒店)”.

 

“Hotel Employee” shall mean any person employed by the Proprietor or the Hotel Manager at the Hotel or elsewhere (whether on a full-time or part-time basis) in connection with the operation of the Hotel, including the general manager, the director of marketing and the financial controller of the Hotel (or serving such functions, regardless of the specific titles given to such individuals).

 

“Hotel Manager” shall mean an individual or a company engaged and to be paid by the Proprietor for providing his expert services in managing the Hotel in accordance with the terms set out in this Agreement and the relevant employment contract which shall be entered into between the individual or company and the Proprietor.

 

“Legal Requirements” shall mean:

 

	
(i)  

	
any ordinance or statutory provision, proclamation, rule, regulation, code, order, resolution, notice, rule of court, bylaw or other instrument (having the force of law); and

 

	
(ii)  

	
any rulings, directions, guidelines and/or decision of any Relevant Authorities (having the force of law)

 

for the time being in force in China applicable to or regulating the management or operation of the Hotel or this Agreement, and “Legal Requirement” shall mean any one of them.

 

“Licences” shall mean all licences, permits, approvals, certificates (statutory or otherwise) in relation to the operation of the Hotel or the performance by the parties of their respective obligations hereof as required by the Relevant Authorities or institutions under the applicable laws and regulations of each party’s place of incorporation and/or the location of the Hotel.

 

  

2

  

 

Dongguan Carnival City Hotel

Consultancy Agreement

 

“Relevant Authorities” shall mean any Government departments, Government agencies, public bodies, regulatory bodies and any bodies, boards, committees or panels formed under or pursuant to any ordinance or statutory provision, rule, regulation, order, resolution, notice, bylaw or other instrument having the force of law from time to time in China and any utility providers or companies, and “Relevant Authority” shall mean any one of them.

 

“Representative” shall mean an invidiual being a China citizen or a company incorporated under the laws of China whom the Consultant has appointed to receive any payments on its behalf in relation to this Agreement.

 

“Term” shall have the meaning ascribed to it in Clause 4;

 

“Total Hotel Income” shall mean all income generated from any parts of the operation of the Hotel.

 

	
1.2  

	
References in this Agreement to a “person’ include an individual, company, partnership, joint venture, association, organisation or trust (in each case, whether or not having separate legal personality).

 

	
1.3  

	
Words importing one gender shall include all genders and words importing the singular shall include the plural and vice versa.

 

	
2.  

	
THE HOTEL

 

The Proprietor confirms that the Hotel is in the form and structure situated on the location described in Schedule 1.

 

	
3.  

	SCOPE OF WORK

 

The Consultant agrees to provide the following services:-

 

	
3.1  

	Eco-operation Consultancy

 

	
  

	
3.1.1

	
to advise the Proprietor and the Hotel Manager on the overall management and operation strategies on energy savings and cost control of the Hotel; and

 

	
  

	
3.1.2

	
to introduce the state-of-the-art ecologically-friendly concept into the management and operations of the Hotel in order to achieve sustainable development which shall in turn reduce the cost of operations of the Hotel effectively.

 

	
3.2

	Interior Design

 

	
  

	
3.2.1

	
to procure suitable professions to design the interior of the Hotel in an eco-friendly and sustainable manner which shall not only save costs on energy-related expenses but also contribute to a better environment of Dongguan as a whole; and

 

  

3

  

 

Dongguan Carnival City Hotel

Consultancy Agreement

 

	
  

	
3.2.2

	
to assist the Proprietor to supervise the decoration works derived from its design and to realize the same. The works are to be carried out by contractors engaged by the Proprietor with the consent of the Consultant of such an engagement.

 

	
4.  

	TERM

         

The term of this Agreement shall be a period of seven (7) years commencing from the date of execution of this Agreement (the “Term”) and is renewable subject to the mutual agreement of the Proprietor and the Consultant.

 

	
5.  

	
OPERATION

 

	
5.1

	
The Proprietor may consult the Consultant on the Hotel operations.

 

	
5.2

	
The Consultant is not entitled to name any entity to the board of directors responsible for the management of the Hotel. The Consultant shall, however, be kept well-informed of the regular meetings of the management where strategic decisions in regards of the operations and financial issues of the Hotel are made. The Consultant shall receive copies of the agenda and minutes of regular meetings and monthly revenue record for its information.

 

	
5.3

	
The Proprietor shall have the sole discretion and authority in the selection and appointment of a Hotel Manager who is to act as the exclusive operator and manager of the Hotel and to supervise, direct and control the management, operation and promotion of the business of the Hotel during the Term.

 

	
5.4

	
The Hotel Manager is authorized by the Proprietor to have the sole discretion and authority in the selection and employment of all Hotel Employees necessary for the proper operation of the Hotel. All costs and expenses in relation to and in connection with the employment of Hotel Employees shall be borne solely by the Proprietor.

 

	
6.  

	

LICENSES

 

	
6.1

	
The Proprietor shall comply with all relevant regulations and laws of China in running the hotel business. The Proprietor shall have applied for and used its best endeavours to obtain and maintain in its own name all licences, permits and consents required in connection with the management and operation of the businesses of the Hotel with effect from the date upon which the same are required. All costs and expenses for applying, renewing and maintaining of the licences and permits shall be borne solely by the Proprietor.

 

	
6.2

	
The Proprietor hereby warrants and confirms that to his best knowledge there is no pending litigation and/or claim alleging a breach of the Hotel on this licensing issue and undertakes to do all possible legal remedial acts and fully indemnifies the Consultant if there are any instances of breach.

 

  

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6.3

	
Subject to prior appointment with the Proprietor, the Consultant and its agents shall, throughout the Term, have the right to inspect all such licences and permits, for the purpose of ensuring its interest which might be adversely affected due to any possible interruptions of the operation of the Hotel which may arise as a consequence of the absence of such licences or permits.

 

	
6.4

	
Subject to prior appointment with the Proprietor (except in case of emergency), the Consultant and its agents shall, throughout the Term, have the right of reasonable access to all parts of the Hotel (save for and except those parts which have been leased, licensed or occupied by guests, tenants or licencees) to enable the Consultant to evaluate the operation, upkeep, management and control of the Hotel, and to ensure that the Hotel Manager has duly complied with the conditions imposed under all relavant licences and permits.

 

	
7.  

	

CONSIDERATION ANDY PAYMENT

 

	
7. 1

	

Consideration

 

In consideration of the consultancy services contemplated in this Agreement, the Consultant shall be entitled to a montly payment of RMB 500,000 or 35% of the Total Hotel Income (whichever higher), the amount of which shall be net of any costs that the Proprietor shall be solely responsible for (the “Consultancy Fee”).

 

	
7.2  

	
Payment

 

	
7.2.1  

	
For so long as this Agreement is in subsistence, the Consultancy Fee shall be paid by the Proprietor to the Consultant on a monthly basis, i.e. within five (5) Buisness Day starting from the end of each month.

 

	
  

	
7.2.2

	
Payments shall be made in cash or credited directly to the bank account of the Representative by way of cash transfer, the amount of which shall be net of any cost-deductions. The details of the bank account shall be provided as and when necessary.

 

	
  

	
7.2.3

	
All monies payable by the Proprietor shall be paid in full, free of any restrictions or conditions and without set-offs or counterclaims or otherwise. If any payments due under this Agreement are subject to any deductions or withholdings for any present or future fees, liabilities or other charges imposed by any competent governmental authority, then an additional amount shall be paid or reimbursed to the Consultant as is necessary so that the amount actually received by the Consultant equals the full amount payable or reimbursable under this Agreement.

 

  

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8.

	

BOOKS AND RECORDS

 

	
8.1

	

Books and Records

 

	
  

	
8.1.1

	
The Proprietor shall procure and supervise the Hotel Manager to keep accurate, full and adequate books of account and other records of the operation of the Hotel in accordance with generally-accepted accounting principles adopted in Hong Kong.

 

	
  

	
8.1.2

	
All such books and records regarding the revenue of the Hotel shall be kept at the Hotel or such other place as the parties agree and shall be available to the Consultant during the Term and its agents to inspect, audit and take copies at the Hotel (or such other place as the parties agree) at all reasonable times and upon prior appointment with the Hotel Manager and without disruption to or interference with the normal operations of the Hotel.

 

	
8.2  

	

Revenue Records

         

The Proprietor shall deliver or procure the Hotel Manager to deliver to the Consultant by the 15th day following the end of each calendar month, the documentation showing the revenue and turnover of the Hotel for the preceding calendar month and the Fiscal Year to date and certified as true and correct by the financial controller of the Hotel.

 

	
9.

	

COVENANTS AND WARRANTIES

	
9. 1

	

Covenants

                      

	
  

	
Both the Proprietor and the Consultant covenant and warrant to perform all of their respective obligations as contemplated under the terms and provisions of this Agreement.

 

	9.2 	

Warranties and Undertakings of the Proprietor

          

	
  

	
9.2.1

	
The Proprietor warrants that he is in the position with all  the rights and powers under relevant laws and/or regulations of Relevant Authorities of China to enter into this Agreement;

 

	
  

	
9.2.2

	
The Proprietor warrants that he is entitled to the ownership and the exclusive right to use and engage in activities to generate income with the the Hotel as described in Schedule 1;

 

	
  

	
9.2.3

	
All Licences required to run the hotel businesses as contemplated under this Agreement have been acquired and shall be renewed as may be required from time to time pursuant to Clause 6 including but not limited to those listed in Schedule 2 as required;

 

  

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9.2.4

	
The Proprietor also warrants and confirms that there is no pending litigation / claim against him which may affect the title / ownership held of the Hotel by him, etc.; and

 

	
  

	
9.2.5

	
The Proprietor undertakes to indemnify all losses of any sorts suffered by the Consultant pursuant to this Clause 9.2.

 

	10	

DAMAGE, DESTRUCTION AND CONDEMNATION OF THE HOTEL

	10.1 	

Damage or Destruction

          

If the Hotel or any portion thereof shall be damaged or destroyed at any time during the Term by fire, water, storm, wind, typhoon, defective construction, white ants, earthquake, subsidence of the ground or any calamity which is not caused by the negligent act or default of the Proprietor, the Hotel Manager or any or its servants, agents, employees, contractors or licensees (excluding guests staying at the Hotel or visitors of the Hotel) so as to make the Hotel or the relevant portion thereof inaccessible, unfit or unsuitable for the operation of the Hotel in accordance with the requirements set out in this Agreement and at a reasonable operating standard, the Proprietor shall with due diligence, repair, rebuild or replace the Hotel so that after such repairing, rebuilding or replacement, the Hotel shall be substantially the same as prior to such damage or destruction. At the Proprietor’s option, with the written approval of the Consultant, the Hotel Manager (or its nominee) shall arrange for such works to be carried out for and on behalf of the Proprietor. The Proprietor shall pay for the costs and expenses of such repairing, rebuilding and replacing out of its own funds.

 

	10.2 	

Condemnation

 

If the whole or any part of the Hotel is condemned as a dangerous structure or a demolition order or closing order shall become operative in respect of the Hotel or any part thereof so as to make the Hotel or the relevant portion thereof inaccessible, unfit or unsuitable for the operation of the Hotel in accordance with any requirements set out by Relevant Authority, the Proprietor shall, subject to compliance with such prohibitions or restrictions (if any) imposed by the Relevant Authority concerned, with due diligence, repair, rebuild or replace the Hotel so that after such repairing, rebuilding or replacement, the Hotel shall be substantially the same as prior to such damage or destruction. At the Proprietor’s option, with the written approval of the Consultant, the Hotel Manager (or its nominee) shall arrange for such works to be carried out for and on behalf of the Proprietor. The Proprietor shall pay for the costs and expenses of such repairing, rebuilding and replacing out of its own funds.

 

  

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	10.3  	

Indemnity on Damage or Destruction or Condemnation

         

Shall any of the incidents pursuant to Clause 10.1 or Clause 10.2 take place during the Term regardless of the person being held responsible for the same, the Proprietor agrees to indemnify all losses suffered by the Consultant derived from such temporary or persistent interruption of operation of the Hotel. The exact amount of such indemnity to be paid shall be agreed upon and determined by mutual agreement between the Proprietor and the Consultant depending on the degree and duration of the actual interruption of the operation of the Hotel.

	11.	

DEFAULT AND TERMINATION

 

	11.1	

Events of Termination

 

The following shall constitute events of termination:

 

	
  

	
11.1.1

	
persistent and material failure of the Proprietor to pay the full sum of the Consultancy Fee due to the Consultant for a continuous period of  thirty (30) days after two (2) written notice has been given by the other party;

 

	
  

	
11.1.2

	
failure of the Proprietor to supervise the Hotel Manager to manage and operate the Hotel in accordance with a reasonable operating standard in any material respect;

 

	
  

	
11.1.3

	
the failure of a party to perform, keep or fulfil any of the other covenants, undertakings, obligations, conditions, representations or warranties set forth in this Agreement which is capable of remedy and (a) if such failure(s) has or have a material adverse effect on the operation of the Hotel or the rights and duties of any party hereto and (b) if such failure is not remedied within thirty (30) days after receipt by the defaulting party of a written notice giving particulars of the breach and requiring it to be remedied;

 

	
  

	
11.1.4

	
the filing of a voluntary petition in bankruptcy or insolvency or a petition for reorganization under any bankruptcy law by any party and such party is not discharged within forty-five (45) days thereafter;

 

	
  

	
11.1.5

	
the consent to an involuntary petition in bankruptcy or insolvency or the failure to vacate within forty-five (45) days from the date of entry thereof any order approving an involuntary petition by any party;

 

	
  

	
11.1.6

	
the appointment of a receiver for all or any substantial portion of the property of any party, which appointment is not discharged within forty-five (45) days thereafter;

 

  

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11.1.7

	
the entering of an order, judgment or decree by any court of competent jurisdiction, adjudicating any party a bankrupt or insolvent, or approving a petition seeking reorganization, or appointing a receiver, trustee or liquidator of all or a substantial part of such party’s assets (except any dissolution or liquidation for the purpose of and followed by a reconstruction, amalgamation, reorganisation, merger or consolidation approved by the Proprietor, and except any proposed debt financing or refinancing other than when insolvent), and such party is not relieved thereof within forty-five (45) days thereafter;

 

	
  

	
11.1.8

	
any party ceases, or threatens to cease, to carry on business, and such cessation, or threatened cessation, shall continue for a period of forty-five (45) days thereafter; or

 

	
  

	
11.1.9

	
any party is required by law or compelled by any court or any competent government authority to terminate this Agreement, and such party is not relieved of such a requirement or compulsion within forty-five (45) days thereafter.

 

	11.2 	

Termination on Sale of the Hotel

          

In the event of the direct or indirect sale, transfer, assignment or other disposal of the Hotel or any part thereof by the Proprietor or any agreement or arrangement the result or net effect of which is the direct or indirect sale, transfer, assignment, divestment, agreement, arrangement or other disposal of any interest (legal, beneficial, economic or otherwise) in the Hotel the Proprietor shall be entitled to terminate this Agreement by giving a three (3) months written notice of termination to the Consultant with an abundant amount of compensation to the Consultant in form of cash payment, the amount of which is to be suggested by the Consultant and to be agreed by the Proprietor. The key consideration in determining the amount shall be the duration remaining in  the Term.

 

	11.3 	

Effects of Termination

   

	
  

	
11.3.1

	
The rights of termination granted under this Agreement shall be without prejudice to any other right or remedies of any party in respect of the breach concerned or any other breach.

 

	
  

	
11.3.2

	
Any termination of this Agreement for any reason whatsoever shall not affect any rights or obligations incurred, or arising out of circumstances which have been existed prior to such termination.

 

	12 	

CONFIDENTIALITY

	12.1 	

Confidentiality Obligations

     

Subject to Clause 12.2, each party shall keep confidential all Confidential Information and all information received or obtained pursuant to the provisions of this Agreement and all information received or obtained as a result of entering into or performing this Agreement which relates to:

 

  

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12.1.1

 

12.1.2

 

12.1.3 

	
the provisions of this Agreement and any other document referred to in this Agreement;

 

the negotiations relating to this Agreement; and

 

the other parties.

              

	12.2 	

Permitted Disclosures

           

Any party may disclose information which would otherwise be confidential if and to the extent:

 

	
  

	

12.2.1

 

12.2.2

	

required by the Legal Requirements;

 

required by any securities exchange or regulatory or governmental body,wherever situated;

 

	
  

	
12.2.3

	
required to vest the full benefit of this Agreement in any party or enforce this Agreement;

 

	
  

	
12.2.4

	
such disclosure is to the professional advisers, auditors and bankers of any party or otherwise pursuant to the terms of this Agreement on the same confidential basis;

 

	
  

	
12.2.5

 

12.2.6  

	
the information has come into the public domain through no fault of that party; and

 

the other parties have given prior written approval to the disclosure.

             

	13 	

FORCE MAJEURE

           

	13.1	

Exclusion of Liability

           

	 	
Subject to Clause 13, neither the Proprietor nor the Consultant shall be liable for any failure to observe or perform, or continue observance or performance of, any of its obligations or liabilities under this Agreement during the Term to the extent that, and for so long as, such observance or performance is prevented by an event of force majeure (as defined below) provided that the affected party gives to such other party immediate written notice of the occurrence of such an event with details of the event concerned, the extent of the prevention to which it gives rise, and any information then available as to its likely duration.

 

  

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	13.2	

Force Majeure

           

	 	
For the purpose of this Clause 13, an “event of force majeure” is an event beyond the reasonable control of either party and which (including the consequential damage and effect) causes the whole or a substantial part of the Hotel to be or become unsuitable for operation as a hotel or which causes the prevention of observance or performance of the said obligations or liabilities which could not reasonably have been avoided by that party, which shall mean boycotts, embargoes, governmental restrictions, any epidemics, pandemics and other infectious diseases (but excluding severe acute respiratory syndrome), terrorist attacks, wars, war-like actions, civil commotion riots, uprising, revolutions, earthquakes, other natural occurrence or any other event beyond the control of that party. For the avoidance of doubt, neither the Proprietor nor the Consultant (in either case, “Notifying Party”) shall be excused from a Notifying Party’s observance or performance of any of its aforesaid obligations or liabilities on the ground of an event of force majeure, unless that event of force majeure affecting such Notifying Party shall be beyond the reasonable control of such notifying party.

 

	
13.3  

	
Information and Action

 

	 	
The party giving the notice shall at all times thereafter keep the other party informed and at its own costs and expenses take all reasonable actions and do all things as are within its reasonable control with a view to the cessation or removal, or the reduction to the maximum extent, (in each case as soon as possible) of the prevention of observance or performance concerned. All costs and expenses reasonably incurred by the Consultant under this Clause 13.3 shall be borne solely by the Proprietor.

 

	13.4	

Cessation

           

	 	
Immediately upon any such cessation, removal or reduction (whether or not because of action taken by the party which gave the notice), that party shall give a further written notice to such other party to that effect and forthwith thereafter, that party shall observe or perform, or resume observance or performance of, (but in the case of any such reduction only to the extent thereof) the obligation and/or liability under this Agreement whose observance or performance was previously prevented by the relevant event of force majeure.

 

	13.5	

Further Notice to Terminate

 

	 	
If, within three (3) months after service of a notice under Clause 13.1, further notice has not been given under Clause 13.4 to the effect that the force majeure concerned has wholly ceased to cause and/or been removed from causing such prevention, either party may at any time after expiry of the said three (3) months give to the other not less than one (1) month’s written notice to terminate the Term at the end of the notice period, such notice to provide that if during the notice period the force majeure concerned has wholly ceased to cause and/or been removed from causing such prevention and appropriate notice is given under Clause 13.4 to that effect then the written notice served under this Clause 13.5 shall be withdrawn.

 

  

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	14	

GOVERNING LAW AND JURISDICTION

          

	14.1	

Governing law

                    

This Agreement shall be governed by and construed in accordance with the laws of Hong Kong. In the event of any dispute or controversy arising out of or related to this Agreement, the parties hereto hereby irrevocably submit to the non-exclusive jurisdiction of the courts of Hong Kong.

 

	14.2 	

Service of Process

               

Each of the parties irrevocably agree that any writ or other notice of process, judgment or order shall be effectively served on it in connection with any suit, action or proceeding before the courts of Hong Kong if addressed and delivered to its registered office. However, nothing in the foregoing shall affect the right to serve any such document in any other manner permitted by the laws of Hong Kong.

 

	15	

MISCELLANEOUS

           

	15.1	

Interpretation

 

	
  

	
15.1.1

	
The headings of the Clauses of this Agreement and all of Schedules are inserted for convenience only and are not intended to affect the meaning of any of the provisions.

 

	
  

	
15.1.2

	
All Schedules to this Agreement are an integral part of this Agreement and all terms defined in this Agreement and the Schedules shall have the same meaning throughout this Agreement and its Schedules.

 

	
  

	
15.1.3

	
References in this Agreement to “Clauses” and “Schedules” are, except the context otherwise requires, references to the clauses of and schedules to this Agreement.

 

	15.2 	

Non-Waiver

           

	 	
The failure of either party to insist upon strict adherence to any provisions of this Agreement on any occasion shall not be considered as a waiver of any right thereafter to insist upon strict adherence to that provision or any other provision of this Agreement.

 

	15.3	

Severability

 

	 	
Should any of the provisions of this Agreement, or portions thereof, be found to be invalid by any court of competent jurisdiction, the remainder of this Agreement shall nonetheless remain in full force and effect.

 

  

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	15.4	

Modification

           

	 	
No modification of, addition to or waiver of any of the terms and condition hereof or any of the rights, obligations or defaults under this Agreement, shall be effective unless made in writing and signed by all parties to this Agreement.

 

	15.5	

Approvals

           

Whenever any party is requested under this Agreement to give its approval, consent or expression of satisfaction or acceptability to any matter, such approval, consent or expression of satisfaction or acceptability shall be given in writing, and shall not be withheld or delayed unreasonably unless this Agreement otherwise expressly provides. If a party shall desire the approval, consent or expression of satisfaction or acceptability of the other party hereto to any matter, such party shall give notice to such other party that it requests such approval, consent or expression 

of satisfaction or acceptability, specifying in such notice the matter as to which such approval, consent or expression of satisfaction or acceptability is requested.

 

	15.6 	

Notice

           

Any notice, notification or other communication under or in relation to this Agreement shall:

 

	
  

	
15.6.1

	
be given or made in writing and shall be delivered by hand to, or sent by prepaid post or by facsimile to the appropriate person, address or facsimile number previously communicated for that purpose by the parties to this Agreement, or such other address or facsimile number as the party to which it is given or made may have for the time being substituted therefore by notice in accordance with this Clause 15.6 to the party giving or making the same; and

 

	
  

	
15.6.2

	
in the case of delivery:

 

	
(i)  

	
by hand or sending by post be effectively given or made upon receipt at that address;

 

	
(ii)  

	
by facsimile be deemed to be effectively given or made upon production of a transmission report by the machine from which the facsimile was sent which indicates that the facsimile was sent in its entirety to the facsimile number of the recipient and provided that a hard copy of the notice so served by facsimile was posted the same day as the notice was served by electronic means.

 

  

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	15.7	

Rights of Inspection

           

	 	
The Consultant and its agents shall have the right to inspect and access the Hotel during the Term upon prior appointment with the Hotel Manager. Such inspections shall be conducted without disruption to or interference with the normal operations of the Hotel.

 

	15.8	

Interpretation of Covenants

          

	 	
Any obligation on the Proprietor and/or the Consultant not to do and/or not to omit anything shall include an obligation not to permit or suffer that thing to be done or omitted.

 

	15.9	

Statutes

           

Any reference in this Agreement to any ordinance or any other statute, regulation, by-law, direction, guideline, recommendation or other provision (by whatever name called), or to any section, article, paragraph or other part of any of the foregoing, shall be deemed to be a reference to the same as for the time being amended, modified, added to or re-enacted.

 

  

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SCHEDULE 1

THE HOTEL

 

 

	

 基本资料:

	 
	 地址:	 东莞市长安镇乌沙环西路段
	 	 
	 占地面积:	 1000平方米
	 	 
	 建筑面积:	 3000平方米
	 	 
	 高度: 	 24.5米
	 	 
	 建筑物座数及层数:	  1座7层
	 	 
	 房间种类及数目:	 客房112间
	 	 沐足房60间
	 	 KTV房54间
	 	 
	 餐厅数目:	  西餐厅1间
	 	 中餐厅1间
	 平面图:	 
	 	 

 

 

  

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 SCHEDULE 2

LICENCES

 

	
1.  

	
个人独资企业营业执照

 

	
2.  

	
公共场所卫生许可证

 

	
3.  

	
税务登记证

 

	
4.  

	
公安消防局建筑工程消防验收意见书

 

  

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EXECUTION PAGE

 

IN WITNESS whereof, the parties hereto have duly executed this Agreement the day and year first above written.

	
SIGNED by

DAI QINGCHOU (戴慶儔)

In the presence of:-

	
)

)

)

)

)

)

 

 

/s/Qing Chou Tai

 

	
SIGNED by

TAI CHI YIP

its director

for and on behalf of

GLORIOUS PIE LIMITED

In presence of :-

	
)

)

)

)

)

)

 

 

 

/s/Chi Yip Tai

 

 

17

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