Document:

mdce_ex1055.htm

EXHIBIT 10.55

 

ADMINISTRATIVE AND SUPPORT SERVICES AGREEMENT

 

This Administrative and Support Services Agreement is entered into by and between Margaret Yuen Yuen Chang (“Consultant”) with her headquarters in Hong Kong and Medical Care Technologies Inc., with its headquarters in Beijing, China (“Company”).

 

RECITALS

 

WHEREAS, the Consultant has the office premises and office staff required to provide administrative support and;

 

WHEREAS, the Consultant desires to provide the office services (the “Services”) set forth in Section 3 hereof to the Company and the Company desires to retain the Consultant to provide the Services to the Company.

 

NOW THEREFORE, in consideration of the promises and the mutual covenants and agreements hereinafter set forth, the parties hereto agree as follows:

 

1. Retention. The Consultant agrees to be retained by the Company, to perform the Services as a Consultant to the Company on the terms and conditions set forth herein. The parties agree that the Consultant shall be retained by the Company as an independent contractor and not as an employee of the Company.

 

2. Term. The term of this Agreement shall commence on May 1, 2012 and shall end April 30. 2013. The parties may renew this Agreement subject to writing signed by both parties indicating their mutual consent. Payment for service rendered will be in common stock share compensation to the Consultant as per Section 4.

 

3. Duties of Consultant. During the term of this Agreement, Consultant shall provide the Company with such regular and customary services as is reasonably requested by the Company, within the scope of the Services enumerated  below. At no time shall consulting services to be rendered hereunder include investor or public relations  services  or stock  promotion  services.  Consultant’s  duties  shall  include,  but will not be limited  to, providing services and recommendations concerning one or more of the following related matters:

 

a. Office services including:

 

1. reception services

2. phone and fax services

3. document preparation

4. mail handling services

5. basic bookkeeping and complete banking deposits for Company’s Hong Kong subsidiary

6. compile, copy, sort, and file records of office activities, business transactions, and other activities

7. maintain and update filing, mailing, and database systems

8. review files, records, and other documents to obtain information to respond to requests

 

4. Compensation. In consideration for the Services to be rendered by the Consultant to the Company pursuant to this Agreement, Consultant agrees to accept common stock shares of the Company, and the Company agrees to issue to the Consultant, non-refundable, non-accountable non-assessable compensation in the form of 60,000,000 common stock shares of the Company in total subject to the conditions of this Section 4 (the "Shares"). All of the Shares shall be issued as part of a plan of compensation registered under the Securities Act of 1933, as amended. The Shares shall be issued pro rata on a monthly basis with the first payment in shares being due at the end of the first month of the Agreement. A pro rata installment shall be due and owing to Consultant on the last day of each subsequent month, and the final share payment shall be due and owing on the last day of the term of the Agreement. The Shares shall be issued to Margaret Yuen Yuen Chang, pursuant to the provisions  of the SEC rules governing  Form S-8 Registrations  thereunder.  The Shares shall be delivered to Consultant pursuant to instructions to be provided by Consultant to the Company.

 

  

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5. Compliance with Law. The Consultant agrees that in performing this Agreement the Consultant and its agents and affiliates shall comply with the applicable provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended, the applicable rules and regulations of the Securities and Exchange Commission thereunder, and all applicable federal or state laws, rules and regulations.

 

6. Indemnity. The Consultant shall indemnify the Company, from and against any and all claims, losses, damages, fines, fees, penalties, deficiencies, expenses, including expenses of investigations, court costs and fees and expenses of attorneys which the Company may sustain and which indemnification by Consultant as contemplated hereby has been so ordered and is the subject of a final adjudication by a court of competent jurisdiction together with the exhaustion of all appellate processes at any time resulting from, arising out of or relating to the breach or failure to comply with any of the covenants or agreements of the Consultant contained in this Agreement. The Company shall indemnify the Consultant from and against any and all claims, losses, damages, fines, fees, investigations, court costs and fees and expenses of attorneys which the Consultant may sustain at any time resulting from, arising out of or relating to the breach or failure to comply with any of the covenants or agreements of the Company or as a result of any untrue statement or fact provided by the Company to the Consultant in the performance of its services under this Agreement.

7. Termination. The Company may terminate this Agreement at any time after delivery to Consultant of full and complete share compensation as per Section 4. hereof “without cause” upon five calendar days’ prior written notice to the Consultant. The Company and the Consultant may terminate this Agreement “for cause” upon five calendar days’ written notice defining the “for cause” reason for termination, which at the election of either party hereto may be submitted to a court of competent jurisdiction for final judicial determination. Notwithstanding a termination  of this Agreement  pursuant to the expiration  of its term set forth in Section 2 or a termination pursuant to this Section 7, the provisions of Sec 4, 6, and 8 of this Agreement shall survive the termination of this Agreement.

 

8. Applicable Law and Venue. The provisions of this Agreement will be construed in accordance with the laws of Hong Kong.

 

9. Counterparts. This Agreement may be executed in counterparts, each of which when so executed shall be deemed to be original and all of which taken together shall constitute one and the same Agreement.

 

  

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If the foregoing sets forth your understanding of our Agreement, kindly indicate your acceptance of all the terms and provisions of this Agreement on the space provided below.

 

	AGREED AND ACCEPTED BY:	 
	 	 	 
		 
	 	 
	By: Margaret Yuen Yuen Chang	 
	 	 	 
	
Medical Care Technologies Inc.

Room 815, No. 2 Building

Beixiaojie, Dongzhimen Nei

Beijing, China 10009

	 
	 	 	 
		 
	 	 
	
By: Ning C. Wu, President

	 

 

 

3mdce_ex1056.htm

EXHIBIT 10.56

 

Agreement

 

Agreement, made as of April 23,2012 between Medical Care Technologies Inc. (the "Corporation"), and David Lubin, Esq. (the "Consultant").

 

Whereas, the Corporation wishes to issue the Consultant the number of shares of common stock provided for herein for services previously provided by the Consultant to the Corporation, and the Consultant is willing to accept the shares under the terms and conditions hereinafter provided.

 

Now, therefore, in consideration of the premises and of the mutual promises and covenants herein contained, the parties hereto agree as follows:

 

Article I

Engagement

 

The Corporation agrees and acknowledges that the Consultant has previously provided to the Corporation invaluable services and desires to reward the Consultant with the issuance of 10,000,000 shares of common stock as a retainer to continue representing the Corporation.

Article II

Services

 

Upon receipt of the compensation provided for herein, the Consultant shall continue to render legal services to the Corporation at his firm's current hourly rates.

 

The services to be rendered by the Consultant to the Corporation shall under no circumstances include (a) any activities which could be deemed by the Securities and Exchange Commission ("SEC") to constitute investment banking or any other activities requiring the Consultant to register as a broker-dealer under the Securities Exchange Act of 1934; (b) any activities which could be deemed by the SEC to be in connection with the offer or sale of securities; or (c) any activities which directly or indirectly promote or maintain a market for the Corporation's securities.

Article III

Compensation

 

For the services and duties previously rendered and performed by the Consultant and in consideration of the Consultant having entered into this Agreement, the Corporation agrees to issue to the Consultant 10,000,000 shares of common stock of the Corporation ("Shares"). The Corporation shall register the Shares on a S-8 registration statement. The Consultant understands and agrees further that the Shares must be held and may not be transferred until and unless the Shares are registered under the Securities Act of 1933, as amended (the "Act") and the securities laws of any other jurisdiction or an exemption from registration under the Act and such laws is available. The Consultant understands that until an S-8 registration statement is filed and effective by the SEC, legends stating that the Shares have not been registered under the Act and the securities laws of any other jurisdiction and setting out or referring to the restrictions on the transferability and resale of the Shares will be placed on all documents evidencing the Shares.

  

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Article IV

Assignment

 

This Agreement may be assigned by the Corporation to an affiliate, provided that any such affiliate shall expressly assume all obligations of the Corporation under this Agreement. Consultant agrees that if this Agreement is so assigned, all the terms and conditions of this Agreement shall be between assignee and himself with the same force and effect as if said Agreement had been made with such assignee in the first instance. This Agreement shall not be assigned by the Consultant without the express written consent of the Corporation.

Article VI

Miscellaneous

 

Consultant is and shall at all times be an independent contractor with respect to the services that it is rendering to Corporation pursuant to this Agreement and Consultant shall at no times be an affiliate, employee, agent, partner or representative of Corporation and Consultant shall not take any action nor in any way hold itself out as such. At no time shall Consultant have any authority or power to bind the Corporation or to act on behalf of the Corporation in any manner, including without limitation, making any direct or indirect representation or covenant by the Corporation to any third party.    This Agreement shall be governed by. and construed in accordance with, the internal laws of the State of New York, without reference to the choice of law principles thereof.

 

IN WITNESS WHEREOF, the parties hereto have executed the above Agreement as of the day and year first above written:

 

	 	Medical Care Technologies Inc.	 
	 	 	 
	 	By:		 
	 	Name:	Ning C. Wu	 
	 	 	 	 
	 	 	 	 
	 	By:		 
	 	Name:	David Lubin, Esq.	 

 

 

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