Document:

Unassociated Document

Exhibit 4.18

 

 

EMPLOYMENT AGREEMENT

 

This document serves as an Employment Agreement (the “Agreement”) made this First day of January 2013 between Ms. Anita Lai Lai HO (“Employee”) and the Dragon Bright Mintai Botanical Technology (Cayman) Limited. (“Employer” or the “Company”) with reference to the following facts:

 

RECITALS

 

	
A.

	
The group includes the Dragon Bright Mintai Botanical Technology (Cayman) Limited, Dragon Bright Mintai Botanical Technology Company Limited, Hong Kong Dragon Holdings Limited, Fujian Qianlon Agricultural Technology Co., Ltd. and its subsidiary and affiliated companies.

	
B.

	
Ms. HO be appointed as the Chief Executive Officer (CEO) of the group.

 

 

NOW Therefore, in consideration of the foregoing recitals and terms, conditions, and covenants contained herein, it is hereby agreed as follows:

 

DESCRIPTION AND SCOPE OF WORK OF CEO

 

1.       Assure that the organization has a long-range strategy which achieves its mission, and toward which it makes consistent and timely progress

 

2.       Maintain  official  records  and  documents,  and  ensure  compliance  with  federal,  state  and  local regulations.

 

3.      Maintain a working knowledge of significant developments and trends in the field.

 

4.      Publicize the activities of the organization, its programs and goals.

 

5.       Represent the programs and point of view of the organization to agencies, organizations, and the general public.

 

6.       Be responsible for the recruitment, employment, and release of all personnel, both paid staff and volunteers.

 

7.      Be responsible for developing and maintaining sound financial practices.

 

AGREEMENT

 

	
1.

	
Term

 

	
(a) 

	
This Agreement shall remain in effect until December 31, 2012, commencing on the date first written above, unless sooner terminated as hereinafter provided, or unless extended by agreement of the parties. CEO shall devote her entire working time, attention, labor, skill and energies to the business of the Company, and shall not, without the consent of the Company, be actively engaged in any other business activity, whether or not such business activity is pursued for gain, profit or other pecuniary advantage. Provided this agreement terminates before its expiration, all salaries and other consideration to this agreement will be prorated to the date of termination.

 

	
(b) 

	
This Agreement may be terminated by either party, with or without cause, upon thirty (30) days prior written notice to the other.

 

  

 Page 1 of 2

  

	
2.

	
Compensation and reimbursement

 

The Company hereby offer an employment as CEO to Ms. HO’s with monthly salary of the amount of HK$30,000.00. The term of this employment contract is for 12 months from January 1, 2013 to December 31, 2013. Upon the satisfactory completion of the term of the employment, Ms. HO is entitled to a bonus of the amount of HK$30,000.00 (equals to one month salary). The Company will accommodate Ms. HO’s request to arrange, at Company’s expense, for all of Ms. HO’s travel and accommodations in connection with such meetings if they occur outside the Hong Kong area.

 

	
3.

	
Indemnification

 

Notwithstanding any other term of this Agreement, the Company agrees to indemnify and hold free and harmless employee from and against all manners of claims, loss, damage and liability that may arise from or by reason of any defects of or harm caused by any services to the Company based on the Agreement.

	
4.

	
Vacation

The Employee shall be entitled to a vacation of 16 days during the period of the agreement.

	
5.

	
Contract Governed by Law

This agreement and performance hereunder and all suits and special proceedings hereunder shall be construed in accordance with the laws of Hong Kong.

	
6.

	
Binding Effect of Agreement

 

This agreement shall be binding on and inure to the benefit of the respective parties and their respective heirs, legal representatives, successors, and assigns.

 

 

Executed on the date first above written.

 

	Signed by Company:	 	 	Signed by:	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 

/s/ Mr. Jeffrey Chong Kee HUI

	 	 	
 

/s/ Ms. Anita Lai Lai Ho

	 
	Mr. Jeffrey Chong Kee HUI	 	 	Ms. Anita Lai Lai Ho	 

 

 

 

 Page 2 of 2EX-10.1

Exhibit 10.1

JOINDER AGREEMENT

Reference is made to the that certain Fifth Amended and Restated Credit Agreement dated as of
April 30, 2013 by and among Gladstone Business Investment, LLC, Gladstone Management Corporation,
as Servicer, the Lenders and Managing Agents parties thereto from time to time, and Key Equipment
Finance Inc., as Administrative Agent, (as amended, modified or restated from time to time, the
“Credit Agreement”). Capitalized terms used and not otherwise defined herein are used with
the meanings set forth or incorporated by reference in the Credit Agreement.

EVERBANK COMMERCIAL FINANCE, INC. (the “New Managing Agent”), EVERBANK COMMERCIAL
FINANCE, INC. (the “New Lender”; and together with the New Managing Agent, the “New
Lender Group”), the Administrative Agent, the Borrower and the Servicer agree as follows:

1. Borrower has requested that the New Lender Group become a “Lender Group” under the Credit
Agreement.

2. The effective date (the “Effective Date”) of this Joinder Agreement shall be the
later of (i) the date on which a fully executed copy of this Joinder Agreement is delivered to the
Administrative Agent and (ii) the date of this Joinder Agreement.

3. By executing and delivering this Joinder Agreement, each of the New Managing Agent and the
New Lender (i) confirms that it has received a copy of the Credit Agreement and such Transaction
Documents and other documents and information requested by it, and that it has, independently and
without reliance upon Borrower, Servicer, any Lender, any Managing Agent or the Administrative
Agent, and based on such documentation and information as it has deemed appropriate, made its own
decision to enter into this Joinder Agreement; (ii) agrees that it shall, independently and without
reliance upon Borrower, Servicer, any Lender, any Managing Agent or the Administrative Agent, and
based on such documents and information as it shall deem appropriate at the time, continue to make
its own credit decisions in taking or not taking action under the Credit Agreement and any of the
Transaction Documents; (iii) appoints and authorizes the Administrative Agent to take such action
on its behalf and to exercise such powers and discretion under the Credit Agreement and the
Transaction Documents as are delegated to the Administrative Agent by the terms hereof and thereof,
together with such powers and discretion as are reasonably incidental thereto; (iv) agrees that it
shall perform in accordance with their terms all of the obligations that by the terms of the Credit
Agreement are required to be performed by it as a Managing Agent and a Lender, respectively; (v)
specifies as its address for notices the office set forth beneath its name on the signature pages
of this Joinder Agreement; and (vi), in the case of the New Lender, appoints and authorizes the New
Managing Agent as its Managing Agent to take such action as a managing agent on its behalf and to
exercise such powers under the Credit Agreement, as are delegated to the Managing Agents by the
terms thereof.

4. On the Effective Date of this Joinder Agreement, both of the New Managing Agent and the New
Lender shall join in and be a party to the Credit Agreement and, to the extent provided in this
Joinder Agreement, shall have the rights and obligations of a Managing Agent, and a Lender,
respectively, under the Credit Agreement.

5. This Joinder Agreement may be executed by one or more of the parties on any number of
separate counterparts, and all of said counterparts taken together shall be deemed to constitute
one and the same instrument.

6. This Joinder Agreement shall be governed by, and construed in accordance with, the laws of
the State of New York.

IN WITNESS WHEREOF, the parties hereto have caused this Joinder Agreement to be executed by
their respective officers thereunto duly authorized, as of the date first above written, such
execution being made on Schedule I hereto.

* * * * *

1

Schedule I

to

Joinder Agreement

Dated June 12th, 2013

Section 1.

The “Commitment” with respect to the New Lender is:

EverBank Commercial Finance, Inc. $20,000,000

Section 2.

The “Group Advance Limit” with respect to the New Lender Group is $20,000,000.

	 	 	NEW LENDER: EVERBANK COMMERCIAL FINANCE, INC.

	 	 	By:      /s/ David D’Antonio      

Name: David D’Antonio

Title: Managing Director

Address for notices:

EverBank Commercial Finance, Inc.

700 East Gate Drive, Suite 310

Mount Laurel, NJ 08054

E-mail: Dave.Dantonio@EverBank.com

and LFLoanAdmin@EverBank.com

	 	 	NEW MANAGING AGENT: EVERBANK COMMERCIAL FINANCE, INC.

	 	 	By:      /s/ David D’Antonio      

	 	 	Name: David D’Antonio

Title: Managing Director

Address for notices:

EverBank Commercial Finance, Inc.

700 East Gate Drive, Suite 310

Mount Laurel, NJ 08054

E-mail: Dave.Dantonio@EverBank.com

And LFLoanAdmin@EverBank.com

2

Consented to this       12th       day of June, 2013 by:

KEY EQUIPMENT FINANCE INC.,

as Administrative Agent

By:      /s/ Richard S. Andersen      

Name: Richard S. Andersen

Title: Vice President

GLADSTONE BUSINESS INVESTMENT, LLC,

as Borrower

By:            /s/ David Gladstone      

Name: David Gladstone

Title: Chairman and CEO

GLADSTONE MANAGEMENT CORPORATION,

as Servicer

By:            /s/ David Gladstone      

Name: David Gladstone

Title: Chairman, CEO and President

3

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