Document:

ex10_3.htm

    
      

    

    Exhibit
10.3

     

    EMPLOYMENT
AGREEMENT

    

     

    AGREEMENT ("Agreement") made
this 22nd day of April, 2009, by and between Sparking Events, Inc. (the
"Company") and Hui-Yu (Rachel) Che ("Employee").

     

    AGREEMENT:

     

    NOW,
THEREFORE, in consideration of the premises and the mutual covenants and
agreements herein contained, the Company and Employee agree as
follows:

     

    1.           Employment/Duties:  The
Company hereby agrees to employ Employee, and Employee hereby agrees to continue
to serve, subject to the provisions of this Agreement, as Chairman of the
Company.  Employee shall continue to perform such duties and
responsibilities as are from time to time assigned to Employee by the Board of
Directors and shall report directly to the Board of Directors.  Such
duties and responsibilities shall  include the oversight to: (i) to
shape and implement the strategic business plan of the Company; (ii) to direct
the development and monitoring of operating goals and objectives; (iii) to
oversee financial operations and (iv) to provide leadership, direction and
administration of all aspects of Company activities, in all cases subject to the
supervision and authority of the Company's Board of
Directors.  Employee agrees to continue to devote sufficient attention
and energies to the performance of the duties assigned to him hereunder, and to
perform such duties faithfully and to the best of his abilities and subject to
such laws, rules, regulations and policies from time to time applicable to the
Company's employees to the best of his knowledge.

     

    2.           Term:  The
term of this Agreement shall be for a period of one (1) year commencing on the
date set forth above (“Effective Date”) and ending on the first anniversary
thereof (the "Initial Term"), unless terminated sooner pursuant to Section 7 of
this Agreement.  Thereafter the Agreement is subject to automatic
renewals of one year period (each a "Renewal Term" and collectively with the
Initial Term, the "Term") unless Employee or Company notifies the other in
writing of its election not to renew, such notice to be provided not less than
ninety (90) days prior to the end of the Initial Term or the end of any Renewal
Term.

     

    3.           Compensation:

     

    (a)          Base
Compensation:  For the services to be rendered by the Employee
under this Agreement the Company shall pay Employee a base salary ("Base
Compensation") of Fifty Thousand Dollars ($50,000.00) on a pro-rated basis
according to the Company's payroll schedule, exclusive of any dividend payments
and subject to applicable withholdings and other payroll
deductions.

     

    (b)          Bonus
Compensation:   Upon each anniversary of this Agreement,
the Company’s Board of Directors shall determine whether a bonus for the
Employee is appropriate.

     

    (c)          Other
Benefits.  Subject to the terms of the plans, Employee shall be
entitled to receive such other benefits or rights as may be provided under any
employee benefit plans provided by the Company to its executives that are now or
hereafter adopted, including participation in life, medical, disability and
dental insurance plans, vacation and sick leave, expense reimbursement and
long-term incentive plans.  Notwithstanding anything to the contrary
set forth in this Agreement, any restricted stock awards, stock options or other
equity incentives of the Company (including, without limitation, those
outstanding at the time of termination of employment with the Company) shall be
subject to the terms set forth in such long-term incentive plans, as such plan
may be in effect from time to time, and in any restricted stock award, stock
option or other agreements (including, without limitation, those provisions
relating to vesting, exercisability, forefeitability), as may be entered into
between Employee and the Company pursuant to such long-term incentive
plans.  Employee shall continue to be entitled to such paid holidays
as are provided to the Company's employees generally.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    4.           Vacation:  Employee
shall be entitled to receive three (3) weeks paid vacation time for each year of
employment under this Agreement.  Any vacation time which remains
unused at the end of a year of employment may be carried over to a succeeding
year.

     

    5.           Business
Expenses:  The Company will reimburse or advance Employee
promptly (but not later than thirty (30) days after submittal of appropriate
vouchers or receipts) for his reasonable and documented out-of-pocket business
expenses for travel, meals and similar items incurred in connection with the
performance of Employee's duties (“Business Expenses”), and which are consistent
with the Company's general policies in effect regarding the reimbursement of
Business Expenses as the Company may from time to time establish.  All
payments for reimbursement of such expenses shall be made to the Employee only
upon the presentation to the Company of appropriate vouchers or
receipts.  All outstanding Employee requests for reimbursement of
Business Expenses shall be paid in full not later than the date of execution of
this Agreement.

     

    6.           Confidentiality:  Employee
agrees to refrain from making any disparaging or unfavorable comments, in
writing or orally, about the Company, including but not limited to press
releases, communication with employees, vendors, customers, professional
references, and others.

     

    7.           Termination:

     

    (a)          Termination of Employment
With Cause:  In addition to any other remedies available to the
Company at law, in equity or as set forth in this Agreement, the Company shall
have the right, upon written notice to Employee, to terminate his employment
hereunder without any further liability or obligation to him in respect of his
employment (other than its obligation to pay Base Compensation, Bonus and
vacation time accrued but unpaid as of the date of termination and reimbursement
of expenses incurred prior to the date of termination in accordance with Section
3 and 5 above)  if Employee:  (i) breaches any material
provision of this Agreement; or (ii) has committed an act of gross misconduct in
connection with the performance of his duties hereunder, as reasonably
determined in good faith by the Board of Directors of the Company; or (iii)
demonstrates habitual negligence in the performance of his duties, as reasonably
determined by the Board of Directors of the Company; or (iv) is convicted of or
pleads nolo contendere to any felony; or (v) is convicted of or pleads nolo
contendere to any misdemeanor involving moral turpitude and the conduct
underlying such misdemeanor has materially adverse or detrimental effect on the
Company, its reputation, or its business, as reasonably determined by the Board
of Directors of the Company; or (vi) has committed any act of fraud,
misappropriation of funds or embezzlement in connection with his employment
hereunder (a "Termination With Cause").

     

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

     

    Notwithstanding
the foregoing, no purported Termination With Cause pursuant to (i), (ii) or
(iii) of this
Section 7(a) shall be effective unless all of the following provisions shall
have been complied with:  (x) Employee shall be given written notice
by the Board of Directors of the Company of the intention to effect a
Termination With Cause, such notice to state in detail the particular
circumstances that constitute the grounds on which the proposed Termination With
Cause is based; and (y) Employee shall have ten (10) business days after
receiving such notice in which to cure such grounds, to the extent such cure is
possible, as determined in the sole reasonable discretion of the Board of
Directors of the Company.

     

    (b)          Death;
Disability:  In the event that Employee dies or becomes
Disabled (as defined herein) during the Term, Employee's employment shall
terminate when such death or Disability occurs and the Company shall pay
Employee (or his legal representative, as the case may be) as
follows:

     

    
      	
               
      

            	
              (i)

            	
              any
      Base Compensation, Bonus and vacation time accrued but unpaid as of the
      date of death or termination for Disability;
and

            

    

     

    
      	
               
      

            	
              (ii)

            	
              any
      reimbursement for expenses incurred in accordance with Sections 3 and
      5;.

            

    

     

    For the
purposes of this Agreement, Employee shall be deemed to be "Disabled" or have a
"Disability" if, because of Employee's personal injury, disability or illness,
he has been substantially unable to perform his duties hereunder for sixty (60)
days in any one hundred eighty (180) day period.  Employee shall be
considered to have been substantially unable to perform his duties hereunder
only if he is either (i) unable to reasonably and effectively carry out his
duties with reasonable accommodations by the Company or (ii) unable to
reasonably and effectively carry out his duties because any reasonable
accommodation which may be required would cause the Company undue
hardship.

     

    Notwithstanding
the foregoing, to the extent and for the period required by any state or federal
family and medical leave law, upon Employee's request (i) he shall be considered
to be on unpaid leave of absence and not terminated, (ii) his group health
benefits shall remain in full force and effect, and (iii) if Employee recovers
from any such Disability, at that time, to the extent required by any state or
federal family and medical leave law, upon Employee's request, he shall be
restored to his position hereunder or to an equivalent position, as the Company
may reasonably determine, and the Term of Employee's employment hereunder shall
be reinstated effective upon such restoration.  The Term shall not be
extended by reason of such intervening leave of absence or termination, nor
shall any compensation or benefits accrue in excess of those required by law
during such intervening leave of absence or termination.  Upon the
expiration of any such rights, unless Employee has been restored to a position
with the Company, he shall thereupon be considered terminated.

     

    Employee
acknowledges that the payments referred to in both Sections 3 and 5 and this
Section 7(b) together with any rights or benefits under any written plan or
agreement which have vested on or prior to the termination date of Employee's
employment under this Section 7(b), constitute the only payments which Employee
(or his legal representative, as the case may be) shall be entitled to receive
from the Company hereunder in the event of a termination of his employment for
death or Disability, and the Company shall have no further liability or
obligation to him (or his legal representatives, as the case may be) hereunder
or otherwise in respect of his employment.

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

     

    (c)          No Mitigation by
Employee.  Except as otherwise expressly provided herein,
Employee shall not be required to mitigate the amount of any payment provided
for in this Agreement by seeking other employment or otherwise, nor shall the
amount of any payment provided for herein be reduced by any compensation earned
by Employee as the result of employment by another employer.

     

    8.           Intellectual Property
Rights: The Company shall be the owner of all inventions, improvements,
designs, methods, plans, computer programs, products, services and other
materials (collectively, “Developments”) created by Employee under this
Agreement or in which Employee assisted in the creation for the benefit of the
Company during the course of employment with the Company under this
Agreement.  All intellectual property rights in such Developments of
the Company, including all patents, trademarks, copyrights, trade secrets and
industrial designs, shall be the exclusive property of the
Company.  In the event that Employee acquires any rights or interests
in such Developments of the Company as a result of his work under this
Agreement, Employee agrees to assign and by executing this Agreement does assign
all such rights and interests to the Company.  The Company shall have
the exclusive rights to obtain copyright registrations, letters patent,
industrial designs, trademark registrations or any other protection in respect
of the work products and the intellectual property rights in the Company’s
Developments anywhere in the world.  At the expense and request of the
Company, Employee shall both during and after his employment with the Company,
execute all documents and do all other acts necessary in order to enable the
Company to protect its rights in the Company’s Developments; provided, however,
that Employee shall be entitled to reasonable compensation if he provides such
assistance after the term if this Agreement is ended.

     

    9.           Return of Company
Property:  Employee agrees that following the termination of
his employment for any reason, he shall return all property of the Company, its subsidiaries, affiliates
and any divisions thereof he may have managed which is then in or thereafter
comes into his possession, including, but not limited to, documents, contracts,
agreements, plans, photographs, books, notes, electronically stored data and all
copies of the foregoing as well as any automobile or other materials or
equipment supplied by the Company to Employee.

     

    10.         Each Party, the
Drafter:  This Agreement and the provisions contained in it
shall not be construed or interpreted for or against any party to this Agreement
because that party drafted or caused that party's legal representative to draft
any of its provisions.

     

    11.         Waiver:  The
failure of either party to this Agreement to enforce any of its terms,
provisions or covenants shall not be construed as a waiver of the same or of the
right of such party to enforce the same.  Waiver by either party
hereto of any breach or default by the other party of any term or provision of
this Agreement shall not operate as a waiver of any other breach or
default.

    
      
         

      

      
        -4-

        
          

        

      

      
         

      

    

     

    12.          Severability:  In
the event that any one or more of the provisions of this Agreement shall be held
to be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remainder of the Agreement shall not in any way be
affected or impaired thereby.  Moreover, if any one or more of the
provisions contained in this Agreement shall be held to be excessively broad as
to duration, activity or subject, such provisions shall be construed by limiting
and reducing them so as to be enforceable to the maximum extent allowed by
applicable law.

     

    13.          Entire
Agreement:  The provisions contained herein (including any
schedules, exhibits and documents delivered herewith or attached hereto)
constitute the entire agreement between the parties hereto with respect to the
subject matter hereof.

     

    14.          Independent
Counsel:  Employee and the Company each acknowledge that each
of them has had the opportunity to seek independent legal counsel in connection
with entering into this Agreement, and has either done so or has voluntarily
chosen not to.

     

    15.          Governing
Law:  This Agreement shall be governed by and construed in
accordance with the laws of the State of Nevada, without regard to its conflict
of law rules.

     

    16.          Descriptive
Headings:  The paragraph headings contained herein are for
reference purposes only and shall not in any way affect the meaning or
interpretation of this Agreement.

     

    17.          Counterparts:  This
Agreement may be executed in one or more counterparts, which, together, shall
constitute one and the same agreement.

     

    IN
WITNESS WHEREOF, the parties hereto have executed this Agreement on the date
first written above.

    

    
      
        
          
            
              
                
                  
                    	
                            Sparking
      Events, Inc.

                          	 	 	 
      	 
	 
      	 
      	 	 	 
      	 
	 
      	 
      	 	 	 
      	 
	
                            By:

                          	
                            /s/
      Yao-Ting (Curtis) Su

                          	 	 	
                            /s/
      Hui-Yu (Rachel) Che

                          	 
	 
      	
                            Yao-Ting
      (Curtis) Su

                          	 	 	
                            Hui-Yu
      (Rachel) Che

                          	 
	 
      	
                            Chairman
      and Executive Director

                          	 	 
      	 

                  

                

              

            

          

        

      

    

    

     

    -5-ex10_4.htm

    
      

    

    
      Exhibit
10.4

       

      SECURITIES
EXCHANGE AGREEMENT

      

      THIS SECURITIES EXCHANGE AGREEMENT
(hereinafter referred to as the “Agreement”), is entered into as of
this 1st
day of April, 2009 (the “Closing Date”), by and among A-PLUS INTERNATIONAL,
LTD., a Nevada limited liability company (“A-Plus”), Xodtec Technology
Co., Ltd, a company organized under the laws of the Republic of China (“Xodtec”)
and all of the equity holders of Xodtec set forth on the signature page hereof
(the “Xodtec Shareholders”) collectively referred to as the “Parties” and
individually as a “Party.”)

      

      W
I T N E S S E T H

      

      WHEREAS, the Parties desire
that A-PLUS acquire all of the issued and outstanding capitalization of Xodtec
from the Xodtec Shareholders in exchange for an aggregate of
approximately 9.375% of the total outstanding equity of A-PLUS on a
fully-diluted basis (the "Exchange Shares") and Xodtec will be a wholly-owned
subsidiary of A-Plus.

      

      WHEREAS, the Parties intend
that the transaction contemplated herein (the “Transaction”) qualify as a
reorganization and tax-free exchange under Section 368(a) of the Internal
Revenue Code of 1986, as amended.

      

      NOW THEREFORE, on the stated
premises and for and in consideration of the foregoing recitals which are hereby
incorporated by reference, the mutual covenants and agreements hereinafter set
forth and the mutual benefits to the Parties to be derived herefrom and for
other good and valuable consideration, the sufficiency and receipt of which are
hereby acknowledged, the Parties hereto agree as follows:

      

      ARTICLE
I

      PLAN
OF EXCHANGE

      

      1.1        The
Exchange.  Upon Closing (defined below), all of the Xodtec
Shares issued and outstanding immediately prior to the Closing Date shall be
exchanged for the Exchange shares. From and after the Closing Date, the Xodtec
Shareholders shall no longer own any stock ownership interest in Xodtec, and the
former Xodtec Shares shall represent the Exchange Shares issuable in exchange
therefor pursuant to this Agreement.  

      

      1.2        Closing. The closing
(“Closing”) of the transactions contemplated by this Agreement shall occur as of
the date hereof.  

      

      1.3        Closing
Events.  Upon Closing, each of the respective Parties hereto
shall execute, acknowledge, and deliver (or shall cause to be executed,
acknowledged, and delivered) any and all stock certificates, membership
certificates, officers’ certificates, opinions, financial statements, schedules,
agreements, resolutions, rulings, or other instruments required by this
Agreement to be so delivered hereunder together with such other items as may be
reasonably requested by the Parties hereto and their respective legal counsel in
order to effectuate or evidence the transactions contemplated
hereby.  The Closing may take place through the exchange of documents
by fax, email and/or express courier.  Upon Closing, the Exchange
Shares shall be issued to the Xodtec Shareholders as set forth in Schedule B attached
hereto.

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

      ARTICLE
II

      REPRESENTATIONS,
COVENANTS, AND WARRANTIES OF A-PLUS

      

      As an
inducement to, and to obtain the reliance of Xodtec, A-PLUS represents and
warrants as follows:

      

      2.1        Organization.  A-PLUS
is a corporation duly organized, validly existing, and in good standing under
the laws of the State of Nevada.  A-PLUS has the power and is duly
authorized, qualified, franchised, and licensed under all applicable laws,
regulations, ordinances, and orders of public authorities to own all of its
properties and assets and to carry on its business in all material respects as
it is now being conducted, including qualification to do business as a foreign
corporation in jurisdictions in which the character and location of the assets
owned by it or the nature of the business transacted by it requires
qualification.  The execution and delivery of this Agreement does not,
and the consummation of the transactions contemplated hereby will not, violate
any provision of A-PLUS’s Articles of Incorporation or By-Laws. A-PLUS has taken
all action required by law, its Articles of Incorporation, its By-Laws, or
otherwise to authorize the execution and delivery of this Agreement, and A-PLUS
has full power, authority, and legal right and has taken all action required by
law, its Articles of Incorporation, By-Laws, or otherwise to consummate the
transactions herein contemplated.

      

      2.2        Approval
of Agreement.  Board of Directors of A-PLUS have authorized the
execution and delivery of this Agreement by A-PLUS and has approved the
transactions contemplated hereby.

      

      2.3        Absence
of Certain Changes or Events.  Except
as described herein:

      

      (a)           except
in the normal course of business, there has not been (i) any material adverse
change in the business, operations, properties, assets, or condition of A-PLUS;
or (ii) any damage, destruction, or loss to A-PLUS (whether or not covered by
insurance) materially and adversely affecting the business, operations,
properties, assets, or condition of A-PLUS;

      

      (b)           A-PLUS
has not (i) borrowed or agreed to borrow any funds or incurred, or become
subject to, any material obligation or liability (absolute or contingent) not
otherwise in the ordinary course of business; (ii) paid any material obligation
or liability not otherwise in the ordinary course of business (absolute or
contingent) other than current liabilities reflected in or shown on the most
recent A-PLUS consolidated balance sheet, and current liabilities incurred since
that date in the ordinary course of business; (iii) sold or transferred, or
agreed to sell or transfer, any of its assets, properties, or rights not
otherwise in the ordinary course of business; (iv) made or permitted any
amendment or termination of any contract, agreement, or license to which they
are a party not otherwise in the ordinary course of business if such amendment
or termination is material, considering the business of A-PLUS; or (v) issued,
delivered, or agreed to issue or deliver to any third party any membership
interests, bonds or other corporate securities including debentures (whether
authorized and unissued or held as treasury stock);

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

      (c)           neither
the execution and the delivery of this Agreement, nor the consummation of the
transactions contemplated hereby, will conflict with, result in a breach of,
constitute a default under, result in the acceleration of, create in any party
the right to accelerate, terminate, modify, or cancel, or require any notice
under any agreement, contract, lease, license, instrument, or other arrangement
to which A-PLUS is a party or by which it is bound or to which any of its assets
is subject; and

      

      (d)           no
litigation, proceeding, investigation, or inquiry is pending or, to the best
knowledge of A-PLUS threatened, which might result in an action to enjoin or
prevent the consummation of the transactions contemplated by this
Agreement.

      

      

      ARTICLE
III

      REPRESENTATIONS,
COVENANTS, AND WARRANTIES OF
XODTEC

      

      As an
inducement to, and to obtain the reliance of A-PLUS, Xodtec represents and
warrants as follows:

      

      3.1        Organization.  Xodtec
is a corporation duly organized, validly existing, and in good standing under
the laws of the Country of Poland, and has the corporate power and is duly
authorized, qualified, franchised, and licensed under all applicable laws,
regulations, ordinances, and orders of public authorities to own all of its
properties and assets and to carry on its business in all material respects as
it is now being conducted, and there is no jurisdiction in which it is not
qualified in which the character and location of the assets owned by it or the
nature of the business transacted by it requires qualification. The execution
and delivery of this Agreement does not, and the consummation of the
transactions contemplated hereby will not, violate any provision of Xodtec’s
Articles of Incorporation or Bylaws. Xodtec has taken all action required by
law, its Articles of Incorporation, its Bylaws, or otherwise to authorize the
execution and delivery of this Agreement, and Xodtec has full power, authority,
and legal right and has taken all action required by law, its Articles of
Incorporation, Bylaws, or otherwise to consummate the transactions herein
contemplated.

      

      3.2        Capitalization.  Xodtec’s
authorized capitalization consists of _______ (____) shares of stock, of which
all are issued and outstanding as of Closing.  All issued and
outstanding shares are legally issued, fully paid, and non-assessable and not
issued in violation of the pre-emptive or other rights of any
person.  

      

      3.3        Absence
of Certain Changes or Events.  Except
as described herein:

      

      (a)           except
in the normal course of business, there has not been (i) any material adverse
change in the business, operations, properties, assets, or condition of Xodtec;
or (ii) any damage, destruction, or loss to Xodtec (whether or not covered by
insurance) materially and adversely affecting the business, operations,
properties, assets, or condition of Xodtec;

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

      (b)           Xodtec
has not (i) borrowed or agreed to borrow any funds or incurred, or become
subject to, any material obligation or liability (absolute or contingent) not
otherwise in the ordinary course of business; (ii) paid any material obligation
or liability not otherwise in the ordinary course of business (absolute or
contingent) other than current liabilities reflected in or shown on the most
recent Xodtec consolidated balance sheet, and current liabilities incurred since
that date in the ordinary course of business; (iii) sold or transferred, or
agreed to sell or transfer, any of its assets, properties, or rights not
otherwise in the ordinary course of business; (iv) made or permitted any
amendment or termination of any contract, agreement, or license to which they
are a party not otherwise in the ordinary course of business if such amendment
or termination is material, considering the business of Xodtec; or (v) issued,
delivered, or agreed to issue or deliver to any third party any stock, bonds or
other corporate securities including debentures (whether authorized and unissued
or held as treasury stock);

      

      (c)           neither
the execution and the delivery of this Agreement, nor the consummation of the
transactions contemplated hereby, will conflict with, result in a breach of,
constitute a default under, result in the acceleration of, create in any party
the right to accelerate, terminate, modify, or cancel, or require any notice
under any agreement, contract, lease, license, instrument, or other arrangement
to which Xodtec is a party or by which it is bound or to which any of its assets
is subject; and

      

      (d)           no
litigation, proceeding, investigation, or inquiry is pending or, to the best
knowledge of Xodtec threatened, which might result in an action to enjoin or
prevent the consummation of the transactions contemplated by this
Agreement.

      

      3.4        Approval
of Agreement.  The Board of Directors of Xodtec (the “Xodtec
Board”) and the Xodtec Shareholders have authorized the execution and delivery
of this Agreement by Xodtec and have approved this Agreement and the
transactions contemplated hereby.

      

      3.5        Ownership of Xodtec
Shares.  The Xodtec Shareholders are the only legal and
beneficial owners of the Xodtec Shares, free and clear of any claims, charges,
equities, liens, security interests, and encumbrances whatsoever, and the Xodtec
Shareholders have full right, power, and authority to transfer, assign, convey,
and deliver the Xodtec Shares; and delivery of such stock upon Closing will
convey to A-PLUS good and marketable title to such shares free and clear of any
claims, charges, equities, liens, security interests, and encumbrances except
for any such claims, charges, equities, liens, security interests, and
encumbrances arising out of such shares being held by Xodtec.

      

      

      ARTICLE
IV

      SPECIAL
COVENANTS

      

      4.1        Actions of Xodtec
Shareholders.  Prior to the Closing, Xodtec shall cause the
following actions to be taken by the written consent of the Xodtec
Shareholders:

      

      (a)           the
approval of this Agreement and the transactions contemplated hereby and thereby;
and

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

      (b)           such
other actions as the directors of Xodtec may determine are necessary or
appropriate.

      

      4.2        Actions of A-PLUS
Members.  At or prior to Closing, A-PLUS shall cause the
following actions to be taken by the written consent of all the members of
A-PLUS:

      

      (a)           the
approval of this Agreement and the transactions contemplated hereby and thereby;
and

      

      (b)           such
other actions as the Managers of A-PLUS may determine are necessary or
appropriate.

      

      4.3        Access to Properties and
Records.  Xodtec and A-PLUS have each afforded the officers and
authorized representatives of the other reasonable access to the properties,
books, and records of Xodtec or A-PLUS in order that each may have full
opportunity to make such reasonable investigation as it shall desire to make of
the affairs of the other, and each has furnished the other with such additional
financial and operating data and other information as to the business and
properties of Xodtec or A-PLUS as the other has reasonably
requested.

      

      4.4        Delivery
of Books and Records.  Upon Closing, Xodtec shall deliver to
A-PLUS, the originals of the corporate minute books, books of account,
contracts, records, and all other books or documents of Xodtec now in the
possession or control of Xodtec or its representatives and
agents.

      

      4.5        Indemnification.

      

      (a)           A-PLUS
hereby agrees to indemnify Xodtec and each of the officers, agents and directors
of Xodtec as of the date of execution of this Agreement against any loss,
liability, claim, damage, or expense (including, but not limited to, any and all
expense whatsoever reasonably incurred in investigating, preparing, or defending
against any litigation, commenced or threatened, or any claim whatsoever), to
which it or they may become subject arising out of or based on any inaccuracy
appearing in or misrepresentation made in Article II.

      

      (b)           Xodtec
hereby agrees to indemnify A-PLUS and each of the officers, agents and directors
of A-PLUS as of the date of execution of this Agreement against any loss,
liability, claim, damage, or expense (including, but not limited to, any and all
expense whatsoever reasonably incurred in investigating, preparing, or defending
against any litigation, commenced or threatened, or any claim whatsoever), to
which it or they may become subject arising out of or based on any inaccuracy
appearing in or misrepresentation made under Article III.

      

      

      ARTICLE
V

      MISCELLANEOUS

      

      5.1        Governing
Law.  This Agreement shall be governed by, enforced, and
construed under and in accordance with the laws of the United States of America
and, with respect to matters of state law, with the laws of
Nevada.  Any dispute arising under or in any way related to this
Agreement will be submitted to binding arbitration before a single arbitrator by
the American Arbitration Association in accordance with the Association’s
commercial rules then in effect. The arbitration will be conducted in New York,
New York. The decision of the arbitrator will set forth in reasonable detail the
basis for the decision and will be binding on the parties. The arbitration award
may be confirmed by any court of competent jurisdiction.

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

      5.2        Notices.  Any
notices or other communications required or permitted hereunder shall be
sufficiently given if personally delivered to it or sent by registered mail or
certified mail, postage prepaid, or by prepaid telegram and any such notice or
communication shall be deemed to have been given as of the date so delivered,
mailed, or telegraphed.

      

      5.3        Attorney’s
Fees. In the event that any party institutes any action or suit to
enforce this Agreement or to secure relief from any default hereunder or breach
hereof, the breaching party or parties shall reimburse the non-breaching party
or parties for all costs, including reasonable attorneys’ fees, incurred in
connection therewith and in enforcing or collecting any judgment rendered
therein.

      

      5.4        Confidentiality.
A-PLUS, on the one hand, and Xodtec and the Xodtec Shareholders, on the other
hand, will keep confidential all information and materials regarding the other
Party designated by such Party as confidential.  The provisions of
this Section 5.4 shall not apply to any information which is or shall become
part of the public domain through no fault of the Party subject to the
obligation from a third party with a right to disclose such information free of
obligation of confidentiality. Xodtec and A-PLUS agree that no public disclosure
will be made by either Party of the existence of the Transaction or the letter
of intent or any of its terms without first advising the other Party and
obtaining its prior written consent to the proposed disclosure, unless such
disclosure is required by law, regulation or stock exchange
rule.

      

      5.5        Expenses.  Except
as otherwise set forth herein, each Party shall bear its own costs and expenses
associated with the transactions contemplated by this
Agreement.  Without limiting the generality of the foregoing, all
costs and expenses incurred by A-PLUS and Xodtec after the Closing shall be
borne by the surviving entity. 

      

      5.6        Schedules;
Knowledge.  Each Party is presumed to have full knowledge of
all information set forth in the information disclosed and delivered by the
other Party pursuant to this Agreement.

      

      5.7        Third
Party Beneficiaries.  This Agreement is solely between A-PLUS,
Xodtec and the Xodtec Shareholders, and, except as specifically provided, no
director, officer, stockholder, employee, agent, independent contractor, or any
other person or entity shall be deemed to be a third party beneficiary of this
Agreement.

      

      5.8        Entire
Agreement.  This Agreement represents the entire agreement
between the Parties relating to the Transaction. There are no other courses of
dealing, understandings, agreements, representations, or warranties, written or
oral, except as set forth herein.

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

      5.9       
Survival.  The
representations and warranties of the respective Parties shall survive the
Closing Date and the consummation of the transactions herein
contemplated.

      

      5.10      Counterparts.  This
Agreement may be executed in multiple counterparts, each of which shall be deemed
an original and all of which taken together shall be but a single
instrument.

      

      5.11     
Amendment
or Waiver.  Every
right and remedy provided herein shall be cumulative with every other right and
remedy, whether conferred herein, at law, or in equity, and may be enforced
concurrently herewith, and no waiver by any party of the performance of any
obligation by the other shall be construed as a waiver of the same or any other
default then, theretofore, or thereafter occurring or existing.  This
Agreement may only be amended by a writing signed by all Parties hereto, with
respect to any of the terms contained herein, and any term or condition of this
Agreement may be waived or the time for performance hereof may be extended by a
writing signed by the Party or Parties for whose benefit the provision is
intended.

      

      

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      IN WITNESS WHEREOF, the
Parties hereto have caused this Agreement to be duly authorized and executed as
of the date first above-written.

      

      

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                	
                                        A-PLUS
      INTERNATIONAL, LTD.

                                      	 
      	
                                        XODTEC
      TECHNOLOGY CO., LTD.,

                                      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	
                                        By:

                                      	/s/
      Su, Yao-Ting	 
      	
                                        By:

                                      	/s/
      Lo, Hui-Yun
	
                                        Name:

                                      	Yao-Ting
      Su	 
      	
                                        Name:

                                      	Hui-Yun
      Lo
	
                                        Title:  
      

                                      	Manager	 
      	
                                        Title:

                                      	President

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      

      
      

    

    8

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