Document:

Exhibit
10.7

 

Unified
Employment Agreement for Expatriate Workers in the Textile, Garment and Clothing Industry 

 

Issued
pursuant to Article 15 of the Collective Agreement No. 39/2013 signed on 28/5/2013 between the Jordan Garments, Accessories and
Textiles Exporters’ Association, the

Association
of Owners of Garment Factories and Workshops, and the General Trade Union of Workers in Textile, Garment and Clothing Industries

 

 

	Jordan Garments,
Accessories and Textiles Exporters’ Association

 

The Association
of Owners of Garment Factories and Workshops

 

The General
Trade Union of Workers in Textile, Garment and Clothing Industries

  

 

First Party

 

Employer: Jerash Garments
& Fashions Manufacturing Co. Ltd

 

Represented by Mr. /
Ms.: Ala’a Nawaf Awaisheh

 

Address: Al-Tajamouat
Industrial Estate – Sahab

 

Telephone: 00962 775757138

  

 

Second Party

 

Employee: Wei Yang

 

Date of Birth (Day/ Month/
Year) :1 Oct 1982

 

Nationality: Chinese

 

Passport number: G55400584

 

Address: Abdun -Amman

 

Telephone: 00962 775757350

  

    	 	1	 

     

    

  

Both parties
hereby agreed that the Second Party (hereinafter referred to as the “Employee”) will be employed by the First Party
(hereinafter referred to the “Employer”), under the supervision and management of the First Party in return for a wage
and in accordance with the following terms and conditions:

  

 

		1.	The Employment Agreement: 

 

The agreement
shall be drafted in Arabic and the Employee's native language and three original copies shall be signed by both the Employer and
the Employee. Both parties shall maintain one original copy of the agreement

  

 

		2.	Term of Employment: 

 

Both parties
agreed that the duration of this employment agreement is 3 years, wherein the term of employment shall commence on the date of
the Employee’s arrival in the Hashemite Kingdom of Jordan (hereinafter referred to as “Jordan”) taking into consideration
the issuance of work permits according to the procedures followed by the Ministry of Labour. The employer shall fulfill the legal
requirements related to the issuance of residency and work permits.

 

  

		3.	Job Description and Location of Employment: 

 

		a.	The Employee shall be employed in the profession of Deputy General Manager and shall be committed
to performing his/her duties and responsibilities as required by the nature of the work and according to the instructions issued
by the Employer or his/her representative.

 

		b.	The Employee’s workplace shall be at the Employer’s enterprise in the administration
area. The Employer has the right to relocate the Employee to other branches of the enterprise within Jordan, provided that the
Employee shall be informed in writing one week prior to the date of relocation, without prejudice to the Employee’s financial
entitlements, and after receiving approval from the Ministry of Labour.

 

 

		4.	Employment and
                                         Travel Arrangements

 

		a.	The Employer shall complete the recruitment process including the Employee's
travel arrangements. The Employee shall not be subject to any charges or fees except for the official fees incurred in his/her
home country. The Employee confirms his/her awareness that he/she is not obliged to pay any fees to any party other than the official
fees in his/her home country.

 

    	 	2	 

     

    

 

		b.	The Employer shall:

 

		1.	Make the proper reception and transportation arrangements from the point
of the Employee's arrival in Jordan to his/her place of employment free of any charges.

 

		2.	Provide the Employee with a free plane ticket from the Employee's home
country to Jordan upon employment, in addition to a free return plane ticket to the Employee's home country either at the end of
the contract or at the termination of the employment relationship, subject to section 4/b/3 of this agreement.

 

		3.	If the Employee terminates the employment relationship illegally before
completing one full year of employment, the Employer shall not be obliged to cover the full cost of the return plane ticket to
the Employee’s home country. In this situation, the Employer shall cover a proportion of the cost of the return plane ticket
which shall be equivalent to the proportion of the total term of employment completed by the Employee.

 

 

		5.	Wage and Working
                                         time/Employer's Obligation

 

In
return for his/her services, the employer shall provide the employee with the following commitments and benefits:

 

		a.	Salary: The Employee shall be paid a monthly salary of 3,900 Jordanian
Dinar (JOD), subject to the terms of the Collective Agreements for the Textile, Garment and Clothing Industry, including the provisions
of annual increases and bonuses stipulated in those agreements and subject to the stipulated tax and social insurance deductions
and any other deductions in accordance with the law.

 

		b.	In-kind compensation: The Employer shall provide the Employee with
food and accommodation as follows:

 

		1.	Three daily meals of reasonable quantity and quality, providing adequate
nutrition.

 

		2.	Free transportation to and from the Employee’s place of residence
and the location of employment, providing that the place of residence is one kilometer away or more from the premises of the factory,
subject to the terms of the Collective Agreements for the Textile, Garment and Clothing Industry.

 

		3.	Shared accommodation shall comply with the relevant legislation governing
worker dormitory standards in Jordan.

 

		4.	In-kind compensation shall be valued according to the Collective Agreements'
terms on attainment of equality in the payment and calculation of wages (No. 47/2014 submitted to the Ministry of Labour on 9/11/2014).

 

		c.	Working hours: The normal working hours shall be 8 hours per day
or 48 working hours per week, excluding the time allocated for meal and rest breaks.

 

		d.	Payment: The Employee's salary and any overtime payments shall be
paid on a monthly basis within the first 7 days of the following month in cash or by electronic bank transfer.

  

 

		6.	Bonuses

 

The
Employee may be eligible for performance bonus based on factors including but not limited to individual and company performance
in the sole discretion of the Employer.

  

    	 	3	 

     

    

 

		7.	Leave

 

		a.	Annual leave: The Employee is entitled to 14 days fully paid annual
leave. The annual leave will be increased to 21 days per year if the Employee remains in service with the Employer for more than
5 consecutive years. Weekends and religious and official holidays are not considered annual leave. The Employee shall be paid for
unused annual leave, if any, no later than the date that he/she completes two years of service, calculated on the basis of the
most recent monthly salary received.

 

		b.	Medical leave: The Employee is entitled to 14 days fully paid medical
leave per year, supported by a medical report issued by a doctor who has been approved by the Employer. Medical leave may be renewed
for a further 14 fully paid days during the same year if the Employee is an in-patient in a hospital or with the support of a report
issued by an approved medical committee.

 

		c.	Weekly leave: The Employee is entitled to one fully paid weekly
day of rest, which is Friday unless the nature of the work requires otherwise.

 

 

		8.	Social Security

 

The provisions
of the Social Security Law, its amendments, and the regulations and instructions issued pursuant thereto shall be applied with
regard to social security contributions, entitlements and occupational injuries.

 

 

		9.	Healthcare

 

The Employer
shall:

 

		a.	Make arrangements for a preliminary medical examination, as well as routine
medical examinations in accordance with the Instructions for Workers’ Medical Examinations, issued pursuant to the Labour
Law of Jordan, as well as the official form issued by the Ministry of Labour for the purpose of these examinations.

 

		b.	Provide the Employee with services to diagnose and treat any acute illnesses
(illnesses with an abrupt onset lasting for a short term) free of any charges to the Employee, and this includes the cost of medication.

 

 

		10.	Work Permits, Residency Permits and Identification
Documents

 

The Employer
shall:

 

		a.	Not withhold any of the Employee’s identification documents including the passport, residency
permit and work permit.

 

		b.	Obtain annual work and residency permits for the Employee for the duration of employment, free
of any charges to the Employee, even if the contract is prematurely terminated.

 

 

		11.	Non-discrimination

 

		a.	The Employer shall not discriminate between the Employee and other employees
on the basis of race, colour, sex, religion, political opinion, nationality or social origin, subject to section 13/b of this agreement.

 

		b.	The addendum of the Collective Barging Agreement with the General Trade
Union of Workers in Textile, Garment and Clothing Industries on Attainment of Equality in the Payment and Calculation of Wages
(No. 47/2014 submitted to the Ministry of Labour on 9/11/2014) shall be implemented.

  

    	 	4	 

     

    

 

		12.	Union Organization
                                         and Collective Bargaining

 

		a.	An Employee who wishes to join the General Trade Union of Workers in Textile,
Garment and Clothing Industries shall complete the membership form attached to this agreement and submit it to the Employer after
the work permit is issued, under the condition that the membership form is written in a language understood by the worker.

 

		b.	The Employer shall:

 

		1.	Respect the rights of the Employee to freedom of association and collective
bargaining as stipulated in the Labour Law of Jordan and its amendments, including the right to join the General Trade Union of
Workers in Textile, Garment and Clothing Industries without harassment, interference or retaliation.

 

		2.	If the Employee is a member of the General Trade Union of Workers in Textile,
Garment and Clothing Industries, provide the union with the name of the worker and his/her passport number in the first month of
every year for the duration of the employment relationship.

  

 

		13.	Provision of
                                         Information to the Employee’s Embassy

 

The Employer
shall provide the Embassy of the Employee’s country in Jordan with the name of the Employee and his/her passport number in
the first month of every year for the duration of the employment relationship.

  

 

		14.	Disciplinary
                                         Measures

 

		a.	The Employer may take disciplinary measures against the Employee or impose
fines on the Employee in accordance with the list of penalties which has been approved by the Minister of Labour or his/her authorized
representative.

 

		b.	The Employer shall inform the Employee about the conditions set out in
the factory by-laws which have been approved by the Minister of Labour or his/her authorized representative.

 

  

		15.	Confidentiality

 

The Employee undertakes
not to disclose any confidential information regarding commercial, financial or technical information at the Employer’s enterprise
for any reason during the employment relationship and after its termination. The Employer has the right to terminate the employment
of the Employee if he/she discloses any such information and may seek compensation from the Employee for losses arising from such
disclosure. Confidential information includes all non-public information pertaining to commercial, financial or technical aspects
of the Employer’s business that, if disclosed, might be of use to the Employer’s competitors.

  

 

		16.	Termination
                                         of the Employment Agreement

 

		a.	The employment relationship may be terminated under any of the following conditions:

 

		i.	If both parties mutually agree to terminate the employment relationship.

 

		ii.	If the term of employment has ended, or the work itself has ended.

 

    	 	5	 

     

    

 

		iii.	If the Employee dies or acquires a disability or injury which prevents
him/her from carrying out the duties of his/her position, as proven by a report issued by a medical authority.

 

		iv.	If the Employee’s age exceeds the retirement age specified in the
Social Security Law of Jordan, unless both parties mutually agree to continue the employment relationship.

 

		b.	If the Employer terminates the employment agreement before the term of employment has ended, or
the Employee terminates the employment agreement for one of the reasons set out in Article 29 of the Labour Law of Jordan, the
Employee shall be entitled to all the rights and dues specified in the contract, including salary, benefits and other amounts due
to the Employee in accordance with the law, in addition to an amount equivalent to the total value of the Employee’s wages
for the remainder of the term of employment, provided that the contract has not been terminated in accordance with Article 28 of
the Labour Law of Jordan.

 

		c.	If the Employee terminates the
employment agreement under circumstances which do not fall under the provisions of Article 29 of the Labour Law of Jordan, the
Employer may seek compensation for losses or damages incurred as a result of the termination of the contract, the value of which
shall be determined in a court of competent authority, provided that the compensation does not exceed half of the total value of
the Employee’s wages for the remainder of the term of employment.

  

 

		17.	Termination
                                         Settlement

 

Upon
termination of the employment relationship, the Employee will be entitled to a prompt settlement of all outstanding payments,
including salary and overtime payments, which should be completed within seven days of the Employee’s final day of employment.
The Employer shall provide the Employee with accommodation and meals until his/her travel proceedings are completed.

 

 

		18.	Death

  

The
Employer and the Employee agree that in the event of the death of the Employee during the period of employment,

 

		a.	The Employer shall notify the Embassy of the Employee’s home country
within 24 hours and cover the costs of the body’s repatriation to his/her home country.

 

		b.	The Employer shall pay all outstanding dues owed to the Employee to the
Employee's lawful heirs or any authorized person with an official power of attorney certified by the government of the Employee’s
home country. The Employer shall inform the Embassy of the Employee’s home country about any such payment.

 

 

		19.	Dispute Settlement

 

		a.	All dispute settlement procedures shall be in line with the Labour Law
of Jordan and the Collective Agreements for the Textile, Garment and Clothing Industry.

 

		b.	The courts of the Hashemite Kingdom of Jordan shall have the authority
to solve any disputes arising in relation to the application, interpretation or execution of this agreement. Claims related to
terms or conditions of this employment agreement shall be filed before the courts of competent authority in the place of employment.

  

    	 	6	 

     

    

 

 

		20.	Declaration

 

The Employer
and Employee hereby declare that they fully understand the provisions of this employment agreement. Both parties sign and retain
a copy of this employment agreement.

 

 

Signature of Employer 

/s/ Ala’a Nawaf Awaisheh

Head of Human Resources

Ala’a Nawaf Awaisheh

Date: 1/5/2017
(Day/Month/Year)

 

 

 

Signature of Employee 

/s/ Wei Yang

 

 

Date: 1/5/2017
(Day/Month/Year)

 

    	 	7Exhibit 10.8

 

SALE AGREEMENT

Between:-

 

First PartyJerash Garments &
Fashions Manufacturing Co. Ltd. A duly registered company at the Companies Controller under number 6434 and conducting its business
in Jordan, hereinafter referred to as the “Seller”.

 

And

 

Second PartyVictory Apparel
Jordan Garments Manufacturing Co., Ltd. A duly registered company at the Companies Controller under number 10790 and conducting
its business in Jordan, hereinafter referred to as the “Buyer”.

 

Whereas the Second Party is specialized
in garments manufacturing and has filed an application to Jordan Investment Board in order to obtain exemptions in connection with
its objects at Al Tajamouat Industrial City.

 

And Whereas, the Second Party in order
to conduct its business and comply with the regulations, has offered the First Party to purchase all of its machinery & equipment,
motor vehicles, software and immovable property at Al Tajamouat Industrial City plot

number 1340 parcel 3 of AlRakim city at
the South Amman Land and the building built on, hereinafter referred to as the “Assets”.

 

And Whereas, the First Party agreed to
sell its Assets to the Second Party: Therefore, the two parties agreed to sell and buy the said Assets in accordance with the hereunder
terms and conditions:

 

		1.	The aforementioned recitals are considered an integral part of this Agreement.

 

		2.	The Seller sold its Assets for a total consideration of Jordanian Dinars One Million Nine Hundred
Ninety Six Thousand Six Hundred Thirty Two and Cents Thirty (JD1,996,632.30) (hereafter referred to as “Price”) and
the Buyer bought the Assets for the said Price. The Price comprises of the following:

 

		a)	Machinery, Equipment and Tools, Motor Vehicles and Software (hereafter referred to as “Machinery”)
for an amount equal to Jordanian Dinars One Million Six Hundred Forty Six Thousand Six Hundred Thirty Two and Fils Thirty (JD1,646,632.30).
The Machinery is to be handed over immediately.

 

		b)	Land and Building (hereinafter referred to as the “Property”) for an amount equal to
Jordanian Dinars Three Hundred and Fifty Thousand (JD350,000)

 

     

     

    

 

		3.	The seller shall hold the Property UPON TRUST for the Buyer and undertakes to immediately transfer
said Property in accordance with the Buyer’s instructions. It is the buyer’s discretion to decide when the Property
to be transferred.

 

		4.	The Seller shall bare all fees, taxes and expenses imposed on the Assets by the public authorities
until the date of this Agreement. The Buyer shall bare all fees, taxes and expenses imposed on the Assets by the public authorities
one day after the date of this Agreement.

 

		5.	This Agreement will be governed by and construed in all respects in accordance with the English
Laws and each party submits to the exclusive jurisdiction of the English Courts.

 

		6.	The titles and subtitles of the various sections and paragraphs of this Agreement are inserted
for convenience, and shall not be deemed to affect the meaning of construction of any of the terms, provisions, covenants and conditions
of this Agreement.

 

		7.	The language in all parts of this Agreement shall in all cases be construed simply according to
its fair meaning and not strictly for or against either party.

 

		8.	Is agreed that if any provision of this Agreement is capable of two constructions, one of which
would render the provision void and the other of which would render the provision valid, then the provision shall have the meaning
which renders it valid.

 

		9.	Any notice or consent required by this Agreement shall be in writing and either personally delivered
or mailed by register or certified mail, return receipt requested to such party at its address specified hereunder or to such other
address as such party may designate by notice given in accordance herewith. Such notices shall be deemed delivered on the date
of receipt, or upon attempted delivery if acceptance if delivery is refused.

 

		10.	Neither this Agreement nor any provisions thereof many be modified , waived, discharged or terminated
orally, but only by writing signed by the party to be charged. A waiver of any provision by either party to this Agreement shall
be valid only in the instance for which given and shall not be deemed continuing; further, any such waiver shall not be construed
as a waiver of any other provision of this Agreement.

 

		11.	Each party to this Agreement represents, agrees and warrants that it will perform all other acts
and execute and deliver all other documents that may be necessary or appropriate to carry out the intent and purpose of this Agreement.

 

		12.	This Agreement may be executed in any number of counterparts, each of which shall be deemed to
be an original and all of which together shall be deemed to be one and the same instrument.

 

     

     

    

 

INTENDING TO BE LEGALLY BOUND,
the parties hereto have caused this Agreement to be executed as of the date and year written below.

 

	FIRST PARTY	SECOND PARTY
	/s/ Mr. Lo Chun Hang	/s/ Mr. Yang Aihe
	Jerash Garments & Fashions	Victory Apparel Jordan
	Manufacturing Co., Ltd	Manufacturing Co. Ltd

 

Date: 31 March 2006

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00275-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00275-of-00352.parquet"}]]