Document:

Unassociated Document

    
      	
              Exhibit
      10.1

            

    

     

    LETTER
OF INTENT

     

    THIS LETTER OF INTENT,
hereinafter referred to as the “LOI”, is entered into by and,

     

    
      	

              BETWEEN:

            	

              CELESTIAL DELIGHTS USA,
      INC., a Nevada corporation having an office at 1694 Falmouth Road
      #150, Centerville, Massachusetts USA 02632-2933

            
	 	 
	 	(“COMPANY”) 
	 	 
	

              AND:

            	

              HAN
      WIND ENERGY CORPORATION, a
      corporation registered under the laws of the British Virgin Islands, c/o
      DGM Bank and Trust Inc. Chamberlain Place, Broad Street, Bridgetown,
      Barbados

            
	 	 
	 	(“HWE”)

    

     

    WHEREAS, HWE is a project
development company founded by DGM Bank and Trust Inc., Azure International and
Thomson Associates to promote and develop wind energy parks in the area of
HuiTengLiang, Inner Mongolia, China.

    

    AND WHEREAS, the Company is a
publicly listed company on the OTC bulletin board in the United States of
America and is interested in pursuing and developing opportunities in electrical
energy production and transmission in China.

    

    AND WHEREAS, HWE and the
Company have both expressed interest in cooperating on a dormant project that
was initiated by HWE with the intent to gain the necessary wind studies,
licensing and approvals required to obtain permission to develop a wind farm on
a specified property over which HWE had been granted wind farm development
rights by the appropriate regulatory agency in China (the “Project”).

     

    NOW, THEREFORE, in
consideration of $10.00 and other good and valuable consideration, the parties
agree as follows:

     

    
      	
              1.

            	
              HWE
      has brought the Project to a certain point of development from 2005
      through to 2008 but has failed in getting all the requisite permissions
      and, subsequently, due to the recent global financial crisis, HWE has been
      unable to get further financing to bring the Project to completion. The
      Company agrees to perform regulatory and financial due diligence
      investigation on the Project to determine the viability of re-launching
      the Project and obtaining the requisite permissions from the relevant
      authorities.

            

    

     

    
      	
              2.

            	
              Upon
      execution of this LOI, HWE shall take all necessary action to obtain
      authorization from the Board of Directors of HWE to grant consent to the
      Company to act as agent for HWE to investigate, assess, and make a full
      appraisal of the status of the Project and provide their comments and
      opinions on the steps necessary to re-launch the Project. In addition, the
      Board of HWE will extend the authority of the Company to enter into
      discussions on behalf of HWE with the relevant authorities and potential
      investors to advance the completion of the Project, including obtaining
      all necessary licenses and permits.

            

    

     

    
      	
              3.

            	
              The
      Company and HWE agree that they will endeavor on a best efforts basis to
      enter into a definitive agreement in the event the Company determines
      through Due Diligence that the Project is viable and that the Company can
      advance the Project forward and towards completion.  Such a
      definitive agreement will include the terms under which HWE’s stockholders
      will transfer HWE’s rights in the Project to the Company.  “Due
      Diligence” shall mean the Company’s appraisal of all documents, licenses,
      approvals, contact records, contracts, rights and permissions related to
      the Project (the investigation is not limited to documentary records and
      shall extend to the full dissemination of any and all information related
      to the Project including personal interviews, meetings, phone calls and
      any other means of discussing the status and details of the Project with
      the relevant authorities and
intermediaries).

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              4.

            	
              The
      definitive agreement shall contain customary representation and
      warranties, covenants and indemnification
  provisions.

            

    

     

    
      	
              5.

            	
              The
      terms of this LOI are subject to the approval of the shareholders of
      HWE.

            

    

     

    
      	
              6.

            	
              Either
      party may terminate this LOI upon thirty (30) days prior written
      notice.

            

    

     

    
      	
              7.

            	
              The
      Company shall pay all costs and expenses incurred in connection with this
      LOI and the transactions contemplated hereunder and as requested in
      writing to be performed by HWE.

            

    

     

    
      	
              8.

            	
              In
      consideration of the time and effort the Company will incur to pursue this
      transaction, HWE agrees that, from the date of execution of this LOI (or,
      if sooner, until such time as the parties agree in writing to terminate
      this LOI) until the closing of the definitive agreement, neither HWE nor
      its stockholders nor any person or entity acting on their behalf will in
      any way directly or indirectly (i) solicit, initiate, encourage or
      facilitate any offer to directly or indirectly pursue completion of the
      Project, (ii) enter into any discussions, negotiations or agreements with
      any person or entity which provide for such pursuit, or (iii) provide to
      any persons other than the Company or its representatives any information
      or data related to the Project or afford access to the properties, books
      or records of HWE as they relate to the Project, to any such persons. HWE
      will promptly notify the Company of any inquiry or proposal received
      by HWE, its shareholders or its representatives regarding the
      aforementioned.

            

    

     

    
      	
              9.

            	
              Each
      party agrees and acknowledges that such party and its directors, officers,
      employees, agents and representatives will disclose business information
      and information about the proposed transaction in the course of securing
      financings for the Company and the Project, and that the parties and their
      representatives may be required to disclose that information under the
      continuous disclosure requirements of the Securities Exchange Act of
      1934.

            

    

     

    
      	
              10.

            	
              This
      LOI shall be construed in accordance with, and governed by, the laws of
      the State of Nevada, and each party separately and unconditionally
      subjects to the jurisdiction of any court of competent authority in the
      State of Nevada, and the rules and regulations thereof, for all purposes
      related to this agreement and/or their respective performance
      hereunder.

            

    

     

    
      	
              11.

            	
              The
      parties shall prepare, execute and file any and all documents necessary to
      comply with all applicable federal and state securities laws, rules and
      regulations in any jurisdiction where they are required to do
      so.

            

    

     

    
      	
              12.

            	
              If
      any term or provision hereof shall be held illegal or invalid, this LOI
      shall be construed and enforced as if such illegal or invalid term or
      provision had not been contained
herein.

            

    

     

    
      	
              13.

            	
              This
      LOI may be executed in counterparts, by original or facsimile signature,
      with the same effect as if the signatures to each such counterpart were
      upon a single instrument; and each counterpart shall be enforceable
      against the party actually executing such counterpart.  All
      counterparts shall be deemed an original
copy.

            

    

     

    
      	
              14.

            	
              The
      delay or failure of a party to enforce at any time any provision of this
      LOI shall in no way be considered a waiver of any such provision, or any
      other provision of this LOI.  No waiver of, delay or failure to
      enforce any provision of this LOI shall in any way be considered a
      continuing waiver or be construed as a subsequent waiver of any such
      provision, or any other provision of this
LOI.

            

    
 

    DATED
EFFECTIVE __________, 2010

    

    

    CELESTIAL
DELIGHTS USA, INC.

     

    _____________________________________

    

    

    

    HAN
WIND ENERGY CORPORATION

     

    _____________________________________Unassociated Document

    EXHIBIT 10.1

     

     

    

    

    EMPLOYMENT AGREEMENT
AMENDMENT

    

    EMPLOYMENT AGREEMENT AMENDMENT effective as of
January 1, 2010 by and among Pharma-Bio Serv, Inc.(PBSV) with its principal
office at 6 Carr. 696, Dorado, Puerto Rico 00646 (the “Company”),
and Elizabeth Plaza, with residence in Dorado, Puerto
Rico   (“Executive”) (both hereinafter “the
Parties”).

    

    W I T N E
S S E T H:

    

    WHEREAS, the Company has
engaged Executive as its Chief Executive Officer and desires to continue to
obtain the benefits of Executive’s knowledge, skill and ability in connection
with managing the Company and to continue to employ Executive on the terms and
conditions agreed upon in Employment Agreement dated January 25, 2006, and
subsequent amendments.

    

    WHEREAS, PBSV desires to
extend Executive to serve as its Chief Executive Officer for six (6) additional
months starting on January 1, 2010.

    

    NOW THEREFORE in exchange for
the mutual promises and undertakings herein, the Parties agree as
follows:

    

    
      	
              1.  

            	
              The
      Agreement dated January 25, 2006, and subsequent amendments
      are hereby modified to restore Section “3. Compensation and Other
      Benefits” of the Agreement dated January 25, 2006, in its
      entirety.

            

    

    
      	
              2.  

            	
              The
      Agreement dated January 25, 2006, and subsequent amendments
      are hereby modified to extend Executive’s employment term for six (6)
      additional months starting on January 1,
2010.

            

    

    
      	
              3.  

            	
              In
      all other respects the Employment Agreement dated January 25, 2006, and
      subsequent amendments shall remain in full force and effect and
      unaltered.

            

    

    

    IN WITNESS WHEREOF, the
parties have executed this Agreement in Dorado, Puerto Rico, this 1st day of
January, 2010.

    

      	PHARMA-BIO
      SERV, INC.   	 	 	EXECUTIVE:	 
	 	 	 	 	 
	
              /s/
      Kirk
      Michel

            	 	 	
              /s/
      Elizabeth Plaza  

            	 
	
              
                Kirk
      Michel

              

            	 	 	
              Elizabeth
      Plaza

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