Document:

XcelMobility Inc. - Exhibit 10.4 - Filed by newsfilecorp.com

                          
THIS MANAGEMENT SERVICE AGREEMENT entered into as of the 30th day of August 2011

BETWEEN: 

  
    
      Xcelmobility Inc., a corporation incorporated
        under the laws of Nevada, USA, and having an Executive Office at #600
        - 303 Twin Dolphins Drive, Redwood City, California.

      (the “Company”)

    

  

AND: 

  
    
      Ron Strauss, Businessman of 6th Floor,
        St. John's Building, 33 Garden Road, central, Hong Kong. 

      (“Strauss”) 

    

  

WHEREAS: 

A.                     
 The Company wishes to engage Strauss as provided herein; and 

B.                      
The Company and Strauss wish to enter into a management Services Contract for
their mutual benefit and subject to the terms outlined in this Agreement. 

                         
NOW THEREFORE in consideration of the premises and mutual covenants herein
contained, the parties hereto agree as follows: 

1.0                    
  MANAGEMENT SERVICES 

  1.1                    
  Strauss represents and warrants to the Company that Strauss has the required
  skills and experience to perform the duties and exercise the responsibilities
  required of Strauss in the position of Executive Chairman of the Board. 

1.2                    
Strauss and the Company agree to comply with and to be bound by the terms and
conditions of this Agreement. 

1.3                    
During the term of employment, Strauss shall well and faithfully serve and
devote himself exclusively to the Company. 

1 

1.4                    
In carrying out these duties and responsibilities, Strauss undertakes to comply
with all lawful instructions and directions, which he may receive from the
Company. The duties and responsibilities to be carried out by Strauss will be
commensurate with the duties of a Chairman of the Board. Strauss shall report to
the Board as a whole as requested. 

1.5                    
Strauss agrees and understands that the effective performance of Strauss’s
duties requires the highest level of integrity and the Company’s complete
confidence in Strauss’s relationship with other employees of the Company and
with all persons dealt with by Strauss in the course of his employment. Strauss
is required to ensure that he conducts himself in a professional, businesslike
manner at all times. 

1.6                    
Strauss acknowledges and agrees to familiarize himself with and to comply with
all of the Company’s policies, practices and procedures as adopted from time to
time. 

1.7                    
Strauss shall be subject to an annual performance review. 

2.0                    
  DUTIES 

  2.1                    
  Job descriptions specific to the position will be developed by the Compensation
  Committee of the Board, but in general terms Strauss shall be responsible for
  the following: 

	 	(a) 	
      Plans and organizes all of the activities of the Board of
      Directors including:

	 	(i) 	
      the preparation for, and the conduct of, Board meetings;
      

		(ii) 	
      the quality, quantity and timeliness of the information
      that goes to Board members; 

		(iii) 	
      the formation of Board committees and the integration of
      their activity with the work of the Board; 

		(iv) 	
      the evaluation of the Board’s effectiveness and
      implementation of improvements; 

		(v) 	
      the development of the Board, including Director
      recruitment, evaluation and compensation, and 

		(vi) 	
      the ongoing formal and informal communication with and
      among Directors.

	 	(b) 	
      Chairs annual and special meetings of the shareholders.
      In conjunction with the CEO, the Chairman may meet with various groups
      (such as major shareholder groups), governments, the financial press,
  industry associations etc.

2 

	 	(c) 	
      Works closely with, and through the CEO,
  to:

	 	(i) 	
      participate in the development of the Corporation’s
      vision, strategic agenda, and business plan to facilitate communication
      and understanding between management and the Board;

	 	(ii) 	
      ensure operations conform with the Board’s view on
      corporate policy; and

	 	(iii) 	
      ensure, in consultation with the Human Resources
      Committee and the full Board, that succession plans are in place at senior
      executive levels.

	 	(d) 	
      In conjunction with the CEO, participates in external
      relationships which fulfill the Corporation’s obligations as a member of
      industry and the community.

	 	 	 
	 	(e) 	
      Provides the key link between the Board and management,
      and as a result, has a significant communication, coaching and
      team-building responsibility including:

	 	(i) 	
      maintaining a close ongoing relationship and open
      communication with the CEO;

	 	(ii) 	
      representing the shareholders and Board to management and
      management to the shareholders and Board; and

	 	(iii) 	
      monitoring and evaluating the performance of the CEO, in
      coordination with the Human Resources
Committee.

	 	(f) 	
      May attend all Board committee meetings as a non-voting
      participant provided, however, that, at meetings of the Governance
      Committee, the Chairman of the Board shall be a voting member.

	 	 	 
	 	(g) 	
      Carries out special assignments in collaboration with the
      CEO and management or the Board of Directors.

3.0                    
  DURATION OF AGREEMENT 

  3.1                    
  The term of appointment and engagement of Strauss shall commence on August 30,
  2011 (the “Commencement Date”) and continue for an indefinite term.
  It is understood and acknowledged that Strauss’ base management fee shall
  be deemed to have been earned as of July 28, 2011 notwithstanding the date this
  Agreement is entered into.

3 

4.0                    
  REMUNERATION AND BENEFITS 

  4.1                    
  In consideration of Strauss’s undertaking and performance of the obligations
  contained in this Agreement, the Company will compensate Strauss for his services
  as follows: 

	 	(a) 	
      Base Management Fee – development period: Strauss
      is required to work more than 160 hours per month during the development
      period (until at least $2 million in funding has been obtained) and will
      be entitled to $5,000.00, per month during this period;

	 	 	 
	 	(b) 	
      Base Management – post development period: After
      an aggregate of $2 million in funding is raised, the salary of Strauss
      will be reviewed by the Compensation Committee of the Board of Directors.
      The Compensation Committee will recommend a revised management fee for
      Strauss, but it will not be less than $180,000 per year. The revised
      management fee will come immediately upon funding.

	 	 	 
	 	(c) 	
      Benefits: Strauss shall be entitled to all of the
      benefits arising from the benefit plans of the Company as they may exist
      from time to time or as revised by the Compensation Committee of the Board
      of Directors ;

	 	 	 
	 	(d) 	
      Vacation: At a time or times which are mutually
      convenient for the Company and Strauss, Strauss shall be entitled to five
      (5) weeks vacation during each calendar year of his engagement, of which
      not more than two weeks shall be taken at one time. Strauss will be
      permitted to carry forward any unused vacation to the next year or receive
      compensation in kind;

	 	 	 
	 	(f) 	
      Bonus:

(i)            
The Compensation Committee of the Board of Directors will recommend a bonus
program for Strauss. Strauss will be eligible for a significant bonus depending
upon specific performance criteria for Strauss and the overall financial
performance of the Company in each fiscal year. This bonus, is payable within
120 days of the fiscal year end of the Company; and 

(ii)           
No bonus shall be payable to Strauss from the date that he ceases to be actively
engaged by the Company. Specifically, Strauss is not entitled to a bonus for the
year in which Strauss terminates his engagement. In the event Strauss’s
engagement is terminated in the absence of just cause, Strauss will receive
bonus payments for the entire notice period in the amount determined by the
average of the last two bonus payments made or $100,000 where no bonus payments
have been made. 

4 

	 	(d) 	
      Expenses: The company will reimburse or pay for
      all reasonable business expenses incurred by Strauss in the execution of
      his duties. This includes the expenses for airfare, accommodation and
      other business related expense. Any expense in excess of $2,500 or
      re-occurring expenses in excess of $1,000 per month will be approved by
      the CEO or CFO.

5.0                    
  TERMINATION 

  

  5.1                    
  This Agreement may be terminated by the Company as follows: 

	 	(a) 	
      In the absence of just cause by the Company, Strauss will
      receive payments in lieu of notice, based upon the length of services
      Strauss has provided the Company:

	 	Service Period 	Notice 
	 	(i) less than thirty six months of service
    	Eighteen (18)
      months’ notice 
	 	 	  
	 	(ii) more than thirty-six months of service
    	Thirty (30)
      months’ notice 

	 	(b) 	
      Where the Company elects to give Strauss notice of
      termination of this Agreement, in the absence of just cause, Strauss may
      choose to receive payments due in either a lump sum, on a continuance
      basis or a combination of both.

	 	 	 
	 	(c) 	
      During the period of notice, Strauss will not be required
      to perform the responsibilities of his position and will return to the
      Company all property in his possession that belongs to the
  Company.

	 	 	 
	 	(d) 	
      Where there is just cause for termination of the
      engagement or if Strauss is in material breach of his obligations under
      this Agreement, Strauss will not be entitled to notice, bonus payments or
      payment in lieu of notice of the termination of his management Services Agreement.
The engagement of Strauss shall cease upon receipt of notice that his services
are being terminated for just cause. For the purposes of this Agreement, “just
cause” will be defined by the common law. 

5 

5.2                    
In the event that there is a change in control of the company the Strauss can
elect to follow one of the following options: 

	 	(i) 	
      Within 30 days of the change of control event, Strauss
      may immediately terminate this agreement and sign a new agreement with the
      controlling entity;

	 	 	 
	 	(ii) 	
      If Strauss does not sign a new agreement with the
      controlling entity, the controlling entity will proved Strauss a cash
      payment equal to 1.5 times his annual salary at the time of the change of
      control event. This payment must be made within 60 days of the change of
      control event.

5.3                    
This Agreement may be terminated by Strauss with 2 months written notice to the
Company. The Company may waive this notice requirement by written notice. 

6.0                    
  CONFIDENTIAL INFORMATION AND PROPERTY 

  6.1                    
  Strauss acknowledges that as the Chairman of the Board and in any other position
  the Strauss may hold, a relationship of confidence, trust and fiduciary obligation
  is created between Strauss and the Company, and Strauss will acquire information
  about certain matters and things which are confidential to the Company, and
  which information is the exclusive property of the Company including: 

	 	(a) 	
      financial statements, financial books and records,
      reserve reports and estimates and other related
  information;

6 

	 	(b) 	
      information concerning products, pricing, sales and
      marketing policies, techniques and concepts, including costing
      information, in respect of products and services provided or to be
      provided by Strauss;

	 	 	 
	 	(c) 	
      lists of present and prospective clients and related
      information, including names and addresses, borrowing habits and
      preferences of present and prospective clients of the Company;

	 	 	 
	 	(d) 	
      purchasing information, including the names and addresses
      of present and prospective suppliers of the Company and prices charged by
      such suppliers;

	 	 	 
	 	(e) 	
      computer systems, computer programs, data, software,
      system documentation, designs, manuals, databases;

	 	 	 
	 	(f) 	
      trade secrets; and

	 	 	 
	 	(g) 	
      any other materials or information related to the
      personnel, business operations, financing or activities of the Company
      which are not generally known to others engaged in similar businesses or
      activities.

	 	 	 
	 		
      (collectively, “Confidential
  Information”)

6.2	                    Strauss acknowledges and agrees that the Confidential Information could be used to the detriment of the Company. Accordingly, Strauss agrees
and undertakes not to disclose Confidential Information to any third party
either during the term of his engagement except as may be necessary in the
proper discharge of his employment, or after the term of his engagement, however
caused, except with the written permission of the Company. 

6.3                    
Strauss understands and agrees that all items of any and every nature or kind
created by Strauss pursuant to Strauss’s employment under this Agreement or
furnished by the Company to Strauss, and all equipment, automobiles, credit
cards, books, records, reports, files, manuals and any other documents and
confidential information shall remain and be considered the exclusive property
of the Company at all times, and shall be returned and shall be returned to the
Company in good condition promptly on the termination of this Agreement, for any
reason.

7 

7.0                    
NON-COMPETITION

7.1                    
Strauss also acknowledges that, by reason of employment, Strauss will continue
to receive the value and advantage of special training, skills and expert
knowledge and experience of and contacts with customers of the Company and other
employees of the Company who are engaged in the business of the Company. 

7.2                    
Strauss further acknowledges that, in the course of employment, Strauss will be
assigned duties that will give him knowledge of confidential and proprietary
information which relates to the conduct and details of the Company’s business
and which will result in irreparable harm or injury to the Company which could
not be adequately compensated by monetary damages if Strauss should enter into
the employment of a business which is the same as, or competitive with, the
business of the Company, or should Strauss enter into the business of the
Company. 

7.3                    
Strauss shall not commence, engage in, or participate in any business
competitive with the business of the Company either directly or indirectly,
either as individual or as a partner or joint venturer or as an employee,
principal, consultant, agent, shareholder, officer, director or representative
for any person, association, organization, or in any manner for a period of six
months following the termination of his employment with the Company for any
reason. 

7.4                    
Strauss acknowledges and agrees that without prejudice to any and all other
rights of the Company, in the event of his violation of any of the covenants
contained in Sections 6 and 7, an injunction or other like remedy, including an
interim injunction, will be a reasonable and effective remedy to protect the
Company’s rights and property. 

8.0                    
SUCCESSORS AND PERSONAL REPRESENTATIVES

8.1                    
This Agreement shall enure to the benefit of and be enforceable by the personal
or legal representatives, executors, administrators, successors, assigns and
heirs of the parties hereto. 

8 

9.0                    
NOTICE 
9.1        
            Any notice or
other communication required or contemplated under this Agreement to be given by
one party to the other shall be delivered or mailed by prepared registered post
to the party to receive same at the undernoted address, namely: 

	 	(a) 	
      To the Company:

	 		
      Xcelmobility Inc. #600 - 303 Twin Dolphins Drive, Redwood
      City, California.

	 	 	 
	 	(b) 	
      Ron Strauss:

	 		
      6th Floor, St. John's Building, 33 Garden Road, central,
      Hong Kong.

Any notice delivered shall be delivered personally to Strauss
and shall be deemed to have been given and received on the business day next
following the date of delivery. Any notice mailed as aforesaid shall be deemed
to have been given and received on the fifth business day following the date it
is posted, provided that if between the time of mailing and actual receipt of
the notice there shall be a mail strike, slowdown or other labour dispute which
might affect delivery of the notice by mail, then the notice shall be effective
only if actually delivered. 

10.0                   MODIFICATION/AMENDMENT

10.1                    No
provision of this Agreement may be modified, waived or discharged unless such
waiver, modification or discharge is agreed to in writing and signed by Strauss
and such officer as may be specifically designated by the Board. No waiver by
either party hereto at any time of any breach by the other party hereto of, or
compliance with, any condition or provision of this Agreement to be performed by
such other party will be deemed a waiver of similar or dissimilar provisions or
conditions at the same or at any prior or subsequent time. 

11.0                  
ENTIRE AGREEMENT

11.1                    No
agreements or representations, oral or otherwise, express or implied, with
respect to the subject matter hereof have been made by either party which are
not expressly set forth in this Agreement. 

12.0                  
GOVERNING LAW

12.1                   
The validity, interpretation, construction and performance of this Agreement
shall be governed in accordance with the laws of the State of Nevada. 

9 

13.0                   VALIDITY

13.1                   
The invalidity or unenforceability of any provision of this Agreement shall not
affect the validity or enforceability of any other provision of this Agreement,
which shall remain in full force and effect. 

14.0                   INDEMNIFICATION

14.1                    Strauss
agrees to indemnify the Company against any claims made for the collection,
withholding and payment of any personal taxes associated with the work performed
by Strauss for the Company by any jurisdiction that makes a claim against
Strauss or the Company. Furthermore, Strauss agrees that if necessary, he will
sign additional documents that indemnify the Company against claims for taxes
owed in relation to payments made to Strauss based on this Management Services
Agreement. 

15.0                   SIGNATURES
IN
COUNTERPARTS
15.1                   
This Agreement may be signed in counterparts, each of which shall be an
original, with the same effect as if the signatures thereto and hereto were upon
the same instrument. The parties hereto confirm that any facsimile, scanned or
emailed copy of another party's executed counterpart of this Agreement (or its
signature page thereof) will be deemed to be an executed original thereof. 

10 

                      
IN WITNESS WHEREOF the parties hereto have executed these presents the day and
year first above written. 

	The Corporate Seal of the Company, 	  
	XCELMOBILITY INC. 	  
	was hereunto affixed in the presence of: 	C/S 
	  	  
	  	  
	/s/ 	  
	Authorized Signatory 	  

	SIGNED, SEALED AND DELIVERED by 	 	 	  
	RON STRAUSS in the presence of: 	 	 	  
	  	 	 	  
	  	 	 	  
	  	 	 	  
	Signature 	 	 	  
	  	 	 	  
	  	 	 	/s/
  
	Address 	 	 	RON STRAUSS 

11XcelMobility Inc. - Exhibit 10.5 - Filed by newsfilecorp.com

                          
THIS MANAGEMENT SERVICE AGREEMENT entered into as of the 30th day of August 2011

BETWEEN: 

  
    
      Xcelmobility Inc., a corporation incorporated
        under the laws of Nevada, USA, and having an Executive Office at #600
        - 303 Twin Dolphins Drive, Redwood City, California.

      (the “Company”)

    

  

AND: 

  
    
      Renyan Ge, Businessman of Room 15A, 17/F.,
        Mai On Industrial Building No.17-21 Kung Yip Street Kwai Chung, Hong Kong
        . 

      (“Ge”) 

    

  

WHEREAS: 

A.                      The Company wishes to engage Ge as provided herein; and 

B.                      The Company and Ge wish to enter into a management Services Contract for their
mutual benefit and subject to the terms outlined in this Agreement. 

NOW THEREFORE in consideration of the premises and mutual
covenants herein contained, the parties hereto agree as follows: 

1.0                    
  MANAGEMENT SERVICES 

  1.1                    
  Ge represents and warrants to the Company that Ge has the required skills and
  experience to perform the duties and exercise the responsibilities required
  of Ge in the position of Chief Executive Officer. 

1.2                     Ge
and the Company agree to comply with and to be bound by the terms and conditions
of this Agreement. 

1.3                    
During the term of employment, Ge shall well and faithfully serve and devote
himself exclusively to the Company. 

1 

1.4                     In
carrying out these duties and responsibilities, Ge undertakes to comply with all
lawful instructions and directions, which he may receive from the Company. The
duties and responsibilities to be carried out by Ge will be commensurate with
the duties of a Chief Executive Officer. Ge shall report to the Board as a whole
as requested. 

1.5                     Ge
agrees and understands that the effective performance of Ge’s duties requires
the highest level of integrity and the Company’s complete confidence in Ge’s
relationship with other employees of the Company and with all persons dealt with
by Ge in the course of his employment. Ge is required to ensure that he conducts
himself in a professional, businesslike manner at all times. 

1.6                     Ge
acknowledges and agrees to familiarize himself with and to comply with all of
the Company’s policies, practices and procedures as adopted from time to time.

1.7                     Ge
shall be subject to an annual performance review. 

2.0                    
  DUTIES 

  2.1                     Job
  descriptions specific to the position will be developed by the Compensation
  Committee of the Board, but in general terms Ge shall be responsible for the
  following: 

	 	(a) 	
      Oversees the operations of organization and manages its
      compliance with legal and regulatory requirements

	 	 	 
	 	(b) 	
      Creates and maintains procedures for implementing plans
      approved by the board of directors

	 	 	 
	 	(c) 	
      Promotes a culture that reflects the organization’s
      values, encourages good performance, and rewards productivity

	 	 	 
	 	(d) 	
      Hires, manages, and fires the human resources of the
      organization according to authorized personnel policies and procedures
      that fully conform to current laws and regulations

	 	 	 
	 	(e) 	
      Ensures that staff and board have sufficient and
      up-to-date information

	 	 	 
	 	(f) 	
      Evaluates the organization’s and the staff’s performance
      on a regular basis

	 	 	 
	 	(g) 	
      Oversees staff in developing annual budgets that support
      operating plans and submits budgets for board
approval

2 

	 	(h) 	
      Prudently manages the organization's resources within
      budget guidelines according to current laws and regulations

	 	 	 
	 	(i) 	
      Ensures that staff practices all appropriate accounting
      procedures in compliance with Generally Accepted Accounting Principles
      (GAAP)

	 	 	 
	 	(j) 	
      Provides prompt, thorough, and accurate information to
      keep the board appropriately informed of the organization’s financial
      position

	 	 	 
	 	(k) 	
      Develops fund raising strategies with the board and
      supports the board in fund raising activities

	 	 	 
	 	(l) 	
      Oversees staff in the development and implementation of
      fund raising plans that support strategies adopted by the Development
      Committee

	 	 	 
	 	(m) 	
      Serves as a primary person in donor relationships and the
      person to make one-on-one fund raising solicitations

	 	 	 
	 	(n) 	
      Oversees staff in the timely submission grant
      applications and progress reports for funders

	 	 	 
	 	(o) 	
      Oversees design, delivery, and quality of programs and
      services

	 	 	 
	 	(p) 	
      Stays abreast of current trends related to the
      organization’s products and services and anticipates future trends likely
      to have an impact on its work

	 	 	 
	 	(q) 	
      Collects and analyzes evaluation information that
      measures the success of the organization’s program efforts; refines or
      changes programs in response to that information

	 	 	 
	 	(r) 	
      Supports operations and administration of the board by
      advising and informing board members and interfacing between board and
      staff

	 	 	 
	 	(s) 	
      Advises the board in the development of policies and
      planning recommendations

3.0                    
  DURATION OF AGREEMENT 

  3.1                     The
  term of appointment and engagement of Ge shall commence on August 30, 2011 (the
  “Commencement Date”) and continue for an indefinite term. It is understood
  and acknowledged that Ge’s base management fee shall be deemed to have
  been earned as of July 28, 2011 notwithstanding the date this Agreement is entered
  into.

3 

4.0                    
  REMUNERATION AND BENEFITS 

  4.1                    
  In consideration of Ge’s undertaking and performance of the obligations
  contained in this Agreement, the Company will compensate Ge for his services
  as follows: 

	 	(a) 	
      Base Management Fee – development period: Ge is
      required to work more than 160 hours per month during the development
      period (until at least $2 million in funding has been obtained) and will
      be entitled to $5,000.00, per month during this period;

	 	 	 
	 	(b) 	
      Base Management – post development period: After
      an aggregate of $2 million in funding is raised, the salary of Ge will be
      reviewed by the Compensation Committee of the Board of Directors. The
      Compensation Committee will recommend a revised management fee for Ge, but
      it will not be less than $180,000 per year. The revised management fee
      will come immediately upon funding.

	 	 	 
	 	(c) 	
      Benefits: Ge shall be entitled to all of the
      benefits arising from the benefit plans of the Company as they may exist
      from time to time or as revised by the Compensation Committee of the Board
      of Directors ;

	 	 	 
	 	(d) 	
      Vacation: At a time or times which are mutually
      convenient for the Company and Ge, Ge shall be entitled to five (5) weeks
      vacation during each calendar year of his engagement, of which not more
      than two weeks shall be taken at one time. Ge will be permitted to carry
      forward any unused vacation to the next year or receive compensation in
      kind;

	 	 	 
	 	(f) 	
      Bonus:

(i)          
 The Compensation Committee of the Board of Directors will recommend a
bonus program for Ge. Ge will be eligible for a significant bonus depending upon
specific performance criteria for Ge and the overall financial performance of
the Company in each fiscal year. This bonus, is payable within 120 days of the
fiscal year end of the Company; and 

(ii)          
No bonus shall be payable to Ge from the date that he ceases to be actively
engaged by the Company. Specifically, Ge is not entitled to a bonus for the year
in which Ge terminates his engagement. In the event Ge’s engagement is
terminated in the absence of just cause, Ge will receive bonus payments for the
entire notice period in the amount determined by the average of the last two
bonus payments made or $100,000 where no bonus payments have been made. 

4 

	 	(d) 	
      Expenses: The company will reimburse or pay for
      all reasonable business expenses incurred by Ge in the execution of his
      duties. This includes the expenses for airfare, accommodation and other
      business related expense. Any expense in excess of $2,500 or re-occurring
      expenses in excess of $1,000 per month will be approved by the CEO or
      CFO.

5.0                    
  TERMINATION 

  5.1                     This
  Agreement may be terminated by the Company as follows: 

	 	(a) 	
      In the absence of just cause by the Company, Ge will
      receive payments in lieu of notice, based upon the length of services Ge
      has provided the Company:

	 	Service Period 	Notice 
	 	(i) less than thirty six months of service    	Eighteen (18)
      months’ notice 
	 	 	  
	 	(ii) more than thirty-six months of service    	Thirty (30)
      months’ notice 

	 	(b) 	
      Where the Company elects to give Ge notice of termination
      of this Agreement, in the absence of just cause, Ge may choose to receive
      payments due in either a lump sum, on a continuance basis or a combination
      of both.

	 	 	 
	 	(c) 	
      During the period of notice, Ge will not be required to
      perform the responsibilities of his position and will return to the
      Company all property in his possession that belongs to the
  Company.

	 	 	 
	 	(d) 	
      Where there is just cause for termination of the
      engagement or if Ge is in material breach of his obligations under this
      Agreement, Ge will not be entitled to notice, bonus payments or payment in
      lieu of notice of the termination of his management Services Agreement.
      The engagement of Ge shall cease upon receipt of notice that his services
      are being terminated for just cause. For the purposes of this Agreement,
      “just cause” will be defined by the common law.

5 

5.2                     In
the event that there is a change in control of the company the Ge can elect to
follow one of the following options: 

	 	(i) 	
      Within 30 days of the change of control event, Ge may
      immediately terminate this agreement and sign a new agreement with the
      controlling entity;

	 	 	 
	 	(ii) 	
      If Ge does not sign a new agreement with the controlling
      entity, the controlling entity will proved Ge a cash payment equal to 1.5
      times his annual salary at the time of the change of control event. This
      payment must be made within 60 days of the change of control
  event.

5.3                     This
Agreement may be terminated by Ge with 2 months written notice to the Company.
The Company may waive this notice requirement by written notice. 

6.0                    
  CONFIDENTIAL INFORMATION AND PROPERTY 

  6.1                     Ge
  acknowledges that as the Chief Executive Officer and in any other position the
  Ge may hold, a relationship of confidence, trust and fiduciary obligation is
  created between Ge and the Company, and Ge will acquire information about certain
  matters and things which are confidential to the Company, and which information
  is the exclusive property of the Company including: 

	 	(a) 	
      financial statements, financial books and records,
      reserve reports and estimates and other related information;

	 	 	 
	 	(b) 	
      information concerning products, pricing, sales and
      marketing policies, techniques and concepts, including costing
      information, in respect of products and services provided or to be
      provided by Ge;

6 

	 	(c) 	
      lists of present and prospective clients and related
      information, including names and addresses, borrowing habits and
      preferences of present and prospective clients of the Company;

	 	 	 
	 	(d) 	
      purchasing information, including the names and addresses
      of present and prospective suppliers of the Company and prices charged by
      such suppliers;

	 	 	 
	 	(e) 	
      computer systems, computer programs, data, software,
      system documentation, designs, manuals, databases;

	 	 	 
	 	(f) 	
      trade secrets; and

	 	 	 
	 	(g) 	
      any other materials or information related to the
      personnel, business operations, financing or activities of the Company
      which are not generally known to others engaged in similar businesses or
      activities.

	 	 	 
	 		
      (collectively, “Confidential
  Information”)

6.2                    
Ge acknowledges and agrees that the Confidential Information could be used to
the detriment of the Company. Accordingly, Ge agrees and undertakes not to
disclose Confidential Information to any third party either during the term of
his engagement except as may be necessary in the proper discharge of his
employment, or after the term of his engagement, however caused, except with the
written permission of the Company. 

6.3                    
Ge understands and agrees that all items of any and every nature or kind created
by Ge pursuant to Ge’s employment under this Agreement or furnished by the
Company to Ge, and all equipment, automobiles, credit cards, books, records,
reports, files, manuals and any other documents and confidential information
shall remain and be considered the exclusive property of the Company at all
times, and shall be returned and shall be returned to the Company in good
condition promptly on the termination of this Agreement, for any reason.

7.0                    
  NON-COMPETITION 

  7.1                     Ge
  also acknowledges that, by reason of employment, Ge will continue to receive
  the value and advantage of special training, skills and expert knowledge and
  experience of and contacts with customers of the Company and other employees
  of the Company who are engaged in the business of the Company. 

7 

7.2                    
Ge further acknowledges that, in the course of employment, Ge will be assigned
duties that will give him knowledge of confidential and proprietary information
which relates to the conduct and details of the Company’s business and which
will result in irreparable harm or injury to the Company which could not be
adequately compensated by monetary damages if Ge should enter into the
employment of a business which is the same as, or competitive with, the business
of the Company, or should Ge enter into the business of the Company. 

7.3                    
Ge shall not commence, engage in, or participate in any business competitive
with the business of the Company either directly or indirectly, either as
individual or as a partner or joint venturer or as an employee, principal,
consultant, agent, shareholder, officer, director or representative for any
person, association, organization, or in any manner for a period of six months
following the termination of his employment with the Company for any reason.

7.4                    
Ge acknowledges and agrees that without prejudice to any and all other rights of
the Company, in the event of his violation of any of the covenants contained in
Sections 6 and 7, an injunction or other like remedy, including an interim
injunction, will be a reasonable and effective remedy to protect the Company’s
rights and property. 

8.0                     SUCCESSORS
  AND PERSONAL REPRESENTATIVES 

  8.1                     This
  Agreement shall enure to the benefit of and be enforceable by the personal or
  legal representatives, executors, administrators, successors, assigns and heirs
  of the parties hereto. 

9.0                    
  NOTICE 

  9.1           
           Any notice or other communication
  required or contemplated under this Agreement to be given by one party to the
  other shall be delivered or mailed by prepared registered post to the party
  to receive same at the undernoted address, namely: 

	 	(a) 	
  To the Company:

	 		
      Xcelmobility Inc. #600 - 303 Twin Dolphins Drive, Redwood
      City, California.

	 	 	 
	 	(b) 	
      Renyan Ge:

	 		
      Room 15A, 17/F., Mai On Industrial Building No.17-21 Kung
      Yip Street Kwai Chung, Hong Kong

8 

Any notice delivered shall be delivered personally to Ge and
shall be deemed to have been given and received on the business day next
following the date of delivery. Any notice mailed as aforesaid shall be deemed
to have been given and received on the fifth business day following the date it
is posted, provided that if between the time of mailing and actual receipt of
the notice there shall be a mail strike, slowdown or other labour dispute which
might affect delivery of the notice by mail, then the notice shall be effective
only if actually delivered. 

10.0                  
  MODIFICATION/AMENDMENT 

  10.1                    No
  provision of this Agreement may be modified, waived or discharged unless such
  waiver, modification or discharge is agreed to in writing and signed by Ge and
  such officer as may be specifically designated by the Board. No waiver by either
  party hereto at any time of any breach by the other party hereto of, or compliance
  with, any condition or provision of this Agreement to be performed by such other
  party will be deemed a waiver of similar or dissimilar provisions or conditions
  at the same or at any prior or subsequent time. 

11.0                  
  ENTIRE AGREEMENT 

  11.1                    No
  agreements or representations, oral or otherwise, express or implied, with respect
  to the subject matter hereof have been made by either party which are not expressly
  set forth in this Agreement. 

12.0                   GOVERNING
  LAW 

  12.1                    The
  validity, interpretation, construction and performance of this Agreement shall
  be governed in accordance with the laws of the State of Nevada. 

13.0                   VALIDITY

  13.1                    The
  invalidity or unenforceability of any provision of this Agreement shall not
  affect the validity or enforceability of any other provision of this Agreement,
  which shall remain in full force and effect. 

14.0                   INDEMNIFICATION

  14.1                    Ge
  agrees to indemnify the Company against any claims made for the collection,
  withholding and payment of any personal taxes associated with the work performed
  by Ge for the Company by any jurisdiction that makes a claim against Ge or the
  Company. Furthermore, Ge agrees that if necessary, he will sign additional documents
that indemnify the Company against claims for taxes owed in relation to payments
made to Ge based on this Management Services Agreement. 

9 

15.0                   SIGNATURES
  IN COUNTERPARTS

  15.1          
           This Agreement may be
  signed in counterparts, each of which shall be an original, with the same effect
  as if the signatures thereto and hereto were upon the same instrument. The parties
  hereto confirm that any facsimile, scanned or emailed copy of another party's
  executed counterpart of this Agreement (or its signature page thereof) will
  be deemed to be an executed original thereof. 

10 

                          
IN WITNESS WHEREOF the parties hereto have executed these presents the day and
year first above written. 

	The Corporate Seal of the Company, 	  
	XCELMOBILITY INC. 	  
	was hereunto affixed in the presence of: 	C/S 
	  	  
	  	  
	/s/ 	  
	Authorized Signatory 	  

	SIGNED, SEALED AND DELIVERED by 	 	 	  
	RENYAN GE
      in the presence of: 	 	 	  
	  	 	 	  
	  	 	 	  
	  	 	 	  
	Signature 	 	 	  
	  	 	 	  
	  	 	 	/s/
  
	Address: 	 	 	RENYAN GE 
	Room 15A, 17/F., Mai On Industrial Building 	 	 	  
	No.17-21 Kung Yip Street Kwai Chung, Hong 	 	 	  
	Kong 	 	 	  

11

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