Document:

Exhibit
10.24

      

      

      July 15,
2009

      

      

      

      Mr. David
R. Milligan

      Senior
Vice President

      West
Bank

      1601
22nd
Street

      West Des
Moines, IA 50266

       

      

       

      
        
          	 
      	
                  Re:

                	
                  Employment
      as Interim Chief Executive Officer of West Bancorporation,
      Inc.

                

        

      

      

      Dear
David:

      

      On behalf
of the Board of Directors of West Bancorporation, Inc. (the “Company”), I am
pleased to offer you employment with the Company as its Interim Chief Executive
Officer.

      

      1.  Your
employment by the Company will commence July 15, 2009 (the “Effective
Date”).

      

      2.  As
Interim Chief Executive Officer, you will report to the Board of Directors of
the Company (the “Board”), and perform the duties customarily associated with
such position, including such specific duties as the Board may from time to time
assign to you. You will be expected to perform faithfully and loyally and to the
best of your abilities the duties assigned to you and to devote your full
business time, attention and effort to the affairs of the Company and its
subsidiaries, and use your reasonable best efforts to promote the interests of
the Company and its subsidiaries.

      

      3.  Your
base salary will be paid, in accordance with the Company’s regular payroll
practices, at an annual rate of $250,000 (less any withholdings and deductions
required by law or authorized by you).

      

      4.  You
will be entitled to those employee benefits and perquisites which the Company
from time to time generally makes available to its executive officers
(“Benefits”).  The Company reserves the right to modify, amend,
suspend, or terminate any or all such employee benefit plans and policies at any
time.  At the time you cease to be an employee of West Bancorporation,
Inc. or West Bank, you shall be entitled to the same retiree health insurance
benefit that you had before you rejoined West Bank as an employee in March
2009.

      

      5.  You
will be reimbursed for all proper and reasonable expenses incurred by you in the
performance of your duties in accordance with the policies of the
Company.

      

      6.  Your
employment by the Company will terminate following the appointment by the Board
of a new Chief Executive Officer, and at the request of the Board you will be
expected to cooperate in the transition of your duties and responsibilities to
the new Chief Executive Officer.

      

      7.  Subject
to the approval of the Company’s Board of Directors, you will be appointed to
serve on the Executive Committee of the Board.  Subject to the
approval of the West Bank Board of Directors, you will be appointed to serve as
Chairman and Chief Executive Officer of West Bank.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
 

      8.  From
and after the Effective Date and through and including the date that is one year
after the effective date of your termination of employment, you will not do any
of the following, directly or indirectly, without the prior written consent of
the Board:

      

      
        	
                 
      

              	
                (a)

              	
                directly
      or indirectly (whether as owner, stockholder, director, officer, employee,
      principal, agent, consultant, independent contractor, partner or
      otherwise) own, manage, operate, control, or otherwise carry on a business
      in competition with the business conducted by the Company or any
      subsidiary of the Company; or

              

      

      

      
        	
                 
      

              	
                (b)

              	
                directly
      or indirectly attempt to induce any employee of the Company or a
      subsidiary of the Company to terminate or abandon his or her employment
      for any purpose whatsoever or any attempt directly or indirectly to
      solicit the trade or business of any current customer, supplier or partner
      of the Company; or

              

      

      

      
        	
                 
      

              	
                (c)

              	
                directly
      or indirectly engage in any activity which is contrary, inimical or
      harmful to the interests of the Company, including but not limited to (i)
      violations of Company policies or (ii) disclosure or misuse of any
      confidential information or trade secrets of the Company or a subsidiary
      of the Company.

              

      

      

      You
acknowledge that any breach of this Section will result in serious and
irreparable injury to the Company for which the Company cannot be adequately
compensated by monetary damages alone. You agree, therefore, that, in addition
to any other remedy the Company may have, the Company will be entitled to seek
both preliminary and permanent injunctive relief (to the extent permitted by
law) without the necessity of proving actual damages and/or the posting of a
bond.

      

      9.  During
your employment with the Company as Interim Chief Executive Officer, you will
not earn any fees for your service on the Board. You may engage in charitable,
civic or community activities and, with the prior approval of the Board, may
serve as a director of any other business corporation, provided that such
activities or service does not interfere with your duties to the Company or
violate the terms of any of the covenants contained in this letter
agreement.

      

      10.  This
letter agreement constitutes the entire agreement and understanding between the
parties with respect to the subject matter hereof and supersedes and preempts
any prior understandings, agreements or representations by or between the
parties, written or oral, which may have related in any manner to the subject
matter hereof.

      

      11.  No
provision of this letter agreement may be modified or waived unless such
modification or waiver is agreed to in writing and signed by you and by a member
of the Board. No waiver by either party hereto at any time of any breach by the
other party hereto of, or compliance with, any condition or provision of this
letter agreement to be performed by such other party shall be deemed a waiver of
similar or dissimilar provisions or conditions at the same or at any prior or
subsequent time. Failure by you or the Company to insist upon strict compliance
with any provision of this letter agreement or to assert any right which you or
the Company may have hereunder shall not be deemed to be a waiver of such
provision or right or any other provision or right of this letter
agreement.

      

      12.  The
interpretation, construction and performance of this letter agreement shall be
governed by and construed and enforced in accordance with the internal laws of
the State of Iowa without regard to the principle of conflicts of laws. The
invalidity or enforceability of any provision of this letter agreement shall not
affect the validity or enforceability of any of the other provisions of this
letter agreement, which other provisions shall remain in full force and
effect.

      

      13.  Please
note that the purpose of this letter is merely to describe the terms of your
employment. This letter does not create any contract for or right to continued
employment for any specific period of time. Your employment with the Company at
all times will be “at will.” This means that either you or the Company may end
your employment at any time for any or no reason by providing written notice of
termination.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
 

      The Board
is deeply appreciative of your agreement to serve in this interim position. To
indicate your acceptance, please sign this letter in the space below and return
it to me.

      

      

      
        
          	 
      	
                  Very
      truly yours,

                
	 
      	 
      
	 
      	 
      
	 
      	
                  /s/ Jack Wahlig

                
	 
      	
                  Jack
      Wahlig

                
	 
      	
                  Chairman,
      Board of Directors

                
	 
      	
                  West
      Bancorporation, Inc.

                

        

      

      

      

      AGREED
TO AND ACCEPTED BY:

      

      

      /s/ David R.
Milligan

      David R.
Milligan

      Dated:  July
15, 2009Unassociated Document

    EMPLOYMENT
AGREEMENT

    

    This
Employment Agreement (the “Agreement”) is entered into this 1st day of May, 2009,
between and among Hu Ye (“Employee”), a Canadian citizen (with a Canadian
passport currently under the Passport Number of JX223402) resident in China, and
Henan Smart Food Company Limited or its affiliated entities (“Smart Food” or the
“Company”), a company incorporated in China.

    

    WHEREAS,
Employee wishes to work for Smart Food as, and Smart Food wishes to employ
Employee in the capacity of the Chief Financial Officer,

    

    NOW,
THEREFORE, the parties to this Agreement agree as follows:

    

    1.  Employment
and Position.  Employee shall be employed in the capacity of the Chief
Financial Officer within the term of this agreement.

    

    2.  Term
of Employment.  Employee’s employment by the Company shall commence as
of 1st  of May,
2009 and this agreement initially has a term of 3 months from signing,
and will automatically renew for a period of 12 months upon the closing of the
merger between the Company and China Discovery Acquisition Corp. (the
“Closing”), which is expected to be in July of 2009.

    

    3.  Cash
Compensation.  Employee shall receive cash compensation equivalent to
Chinese RMB 83,333 Yuan per month, payable through the Company’s account into
Employee’s personal account as designated by Employee.

    

    4.  Equity
Compensation.  The Employee shall receive options to purchase 120,000
shares of Employer’s common stock (the “Options”) under the Company (or its
succeeding entity) Stock Option Plan to be established in observance of the
stock-related compensation practice accepted by the stock market in the United
Sates of America, provided that upon the Closing this agreement is extended to
12 months.   The exercise price of the Options shall not be more
than the fair market value of the Employer’s common stock at the date of the
grant.  The Options shall vest on a yearly basis over a period of 3
years.

    

    5.  Reporting
and Responsibility.  The Employee shall report directly to Smart
Food’s Chief Executive Officer in the capacity of this
position.  Employee shall have those responsibilities normally
discharged by persons in his position, including the general supervision and
oversight of investor relations as well as other financial management
responsibilities as otherwise agreed between the Employer and the
Employee.

    

    6.  Location.  Employee
shall be based in China, but he shall travel to the United States and other
places as he may be directed by the Company’s chief executive officer or as may
be necessary for him to fulfill his responsibilities under this
Agreement.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    

    7.  Reimbursement
of Expenses.  The Employee shall be entitled to reimbursement of
reasonable expenses incurred by him in connection with the performance of his
duties under this agreement, including, but not limited to, expenses connected
with his travel on behalf of the Company.

    

    8.  Welfare
Benefits.  The Employee shall be entitled to receive the welfare
benefits that are generally provided to the senior executives of the Company,
including but not limited to life and health insurance.

    

    9.  Termination.  a)
Other than for Cause.  Either party may terminate this Agreement other
than for Cause (as that term is defined below) by giving notice of the intention
to do so not less than thirty (30) days.  Upon termination, Employee
shall remain entitled to reimbursement of any expenses incurred by him on behalf
of the Company up to the date of termination.

    

    b) For
Cause by the Company.  The Company may terminate this Agreement for
Cause without prior notice, and such termination shall have immediate effect
upon delivery of the notice of termination, if any of the following
occurs:  (i) the failure or refusal of the Employee to perform any
material aspect of his duties, provided that the Company shall first have
notified the Employee in writing of such failure and the Employee has not
remedied the same within 15 days; (ii) the Employee is determined, in good
faith, on the basis of a preponderance of the evidence and after have been given
an opportunity to be heard, of an act of dishonest involving the Company funds
or property; (iii) the Employee commits any act that causes harm to the
Company’s standing or reputation; (iv) the death or permanent disability of the
Employee, in which case the termination shall be immediate without the
requirement of notice.  In the event that the Company terminates this
Agreement for Cause, the Employee shall be entitled only to any salary that is
accrued but unpaid as of the effective date of the termination, plus the
reimbursement of any expenses incurred by the Employee on behalf of the Company
but which have not yet been reimbursed.  In addition, the Employee
shall retain any Options that have vested, subject to the requirements regarding
exercise of the Option by terminated employees set forth in the option plan or
in the option grant to Employee.

    

    c)  For
Cause by Employee.  The Employee shall have the right to terminate
this Agreement for Cause in the event that the Company breaches any material
term of this Agreement, the Employee notifies the Company of the breach in
writing and the breach remains uncured for fifteen (15) days following such
notice.  In the event that the Employee terminates this Agreement for
Cause, he shall be entitled to the following:

    
      	
               
      

            	
              -

            	
              Payment
      of all salary due but unpaid through the completion of the term of this
      agreement;

            

    

    
      	
               
      

            	
              -

            	
              Reimbursement
      of all expenses incurred on behalf of the
  Company;

            

    

    

    9.  Notices.  Any
notice given under this agreement by one party to the other shall be delivered
via courier to the address below or to such other address as the party may
specify in writing, delivered in accordance with this section, during the term
of this Agreement:

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    If to
Employer:

    

    ,

    Henan,
China

    

    Attn:    Mr.
Wang Youli

    

    If to
Employee:

    

    Mr. Hu
Ye

    15-1-201,
Upper East Side

    Zone 2, 6
North Road of 4th Ring
East

    Chaoyang,
Beijing, 100016

    China

    

    10.  The
Employer and the Employee agree therein that, in case the Employer is succeeded
by another entity or the Employee’s position and responsibilities materially
changes, the terms of this agreement is subject to further negotiation and
revision.

    

    11.
Governing Law.  This Agreement shall be construed in accordance with
the laws of the People’s Republic of China without regard to its conflict of
laws principals.

    

    

    Authorized
signatures:

    

    

    Wang
Youli

    For and
on behalf of

    Henan
Smart Food Company Limited

     

    

    Hu
Ye

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