Document:

Converted by EDGARwiz

Exhibit 10.7

Contract of Employment dated 1 January 2011

between

SunVesta Projects & Management AG

Seestrasse 97

CH-8942 Oberrieden, Switzerland

(hereinafter referred to as "Employer")

and

Josef Mettler

Bachtelstrasse 20

CH-8808 Pfäffikon/SZ, Switzerland

(hereinafter referred to as "Employee")

1.

Position

The Employer appoints the Employee as Chief Executive Officer of SunVesta Projects & Management

AG, Oberrieden, of SunVesta Holding AG, and of SunVesta Inc.

2.

Area of responsibility, duties and authority

The area of responsibility, duties and authority shall be defined in a separate agreement that shall be an

integral component of this contract.

3.

Place of work

The place of work shall be Oberrieden/ZH, Seestrasse 97.

4.

Commencement of employment

This contract of employment shall enter into force on 1 January 2011.

5.

Probationary period

There shall be no probationary period.

6.

Term and termination of the employment contract

This contract shall be of unlimited duration, and may be terminated by either party at the end of a

calendar month with

2 months’ notice up to the 2nd year of employment

3 months’ notice up to the 5th  year of employment

6 months’ notice from the 5th  year of employment

7.

Duty of care and loyalty

The Employee shall be obliged to perform with due care the tasks assigned to him, and to safeguard the

legitimate interests of the Employer in good faith.  He may not compete in any manner with the Employer

within Switzerland during term of his employment, or within two years after termination of his

employment.  Any infringement of this prohibition of competition shall be subject to a contract penalty of

CHF 50,000 and any damages.  He shall keep the Employer’s industrial and business secrets.

8.

Holding office

The Employer's consent shall be required for holding public office and holding office in professional

associations, if it entails absence from work.  Consent shall be granted in the absence of good reason to

the contrary.  There shall be no deduction from salary or vacation entitlement when performing such

functions during working hours, unless adequate remuneration is paid for such functions, and provided it

does not entail significant absence from work.

9.

Working hours

The weekly hours of work shall be 42 hours.

As a senior executive, the Employee shall waive any form of compensation for any overtime worked, in

the absence of a written agreement to the contrary.

10.

Vacation

The Employer shall grant 25 days’ paid vacation per calendar year.

If employment begins or ends in the course of a calendar year, vacation entitlement shall apply pro rata

temporis.

11.

Salary

The Employee shall receive a monthly gross salary of CHF 30,000.  If the employment relationship ends

in the course of a calendar year, this salary shall be payable pro rata temporis.

12.

Variable component of compensation

Possible agreements about a variable salary component (bonus etc) shall be governed by a separate

agreement (addendum A)

13.

Expenses

Expenses shall be subject to the provisions of the Expenses Regulations and/or of the Code of

Obligations.

14.

Payment of salary in the event of illness or accident

The Employer shall continue to pay the Employee his salary to the extent defined below if he is unable to

work due to illness or accident for which he is not to blame:

In the 1st year of service

for 4 weeks

From the 2nd year of service

for 9 weeks

From the 4th year of service

for 14 weeks

From the 9th year of service

for 15 weeks

From the 10th year of service

for 17 weeks

From the 12th year of service

for 18 weeks

For each further year of service

one week more per year

15.

Military service

In the event of absence from work due to obligatory military service or civil defence, the Employer shall

pay 80% of the salary during the period defined in Article 324a of the Code of Obligations.  The

Employer shall be entitled to the compensation under the Income Compensation Scheme.

16.

Occupational pension provision

Occupational pension provision shall be governed by the regulations of the Employer's occupational

pension scheme.

17.

Termination pay

There is no provision for termination pay.

Each party to the contract shall receive one copy of this contract.

Oberrieden, this 5th day of January 2011

Signed

/s/ Hans Rigendinger

/s/ Josef Mettler

SunVesta Projects & Management AG

Josef Mettler

(Employer)

(Employee)

/s/ Turan Tokay____________

SunVesta Projects & Management AG

(Employer)Converted by EDGARwiz

Exhibit 10.8

Guaranty Agreement

between

Josef Mettler, Bachtelstrasse 20, CH-8808 Pfaffikon

Hans Rigendinger, Hartbertstrasse 11, CH-7000 Chur

Max Rossler, Aeschi 4, CH-6052 Hergiswil

Zypam Ltd., 35a Jasmine Court, Regent St, Belize-City, Belize

represented by Josef Mettler

hereinafter referred to as "Guarantors"

and

SunVesta Holding AG

Seestrasse 97

CH-8942 Oberrieden

hereinafter referred to as "Beneficiary"

1. Statements, declaration of intention and principle

1.1 The balance sheet of the beneficiary dated 31.12.2011 prepared on the basis of going concern

values as well as the cash flow planned as of 15th June 2012 (both documents are listed in

Appendix A for this Agreement) show a capital requirement that is not yet secured at the present

time which has to be covered at any time up to the date when the whole project financing is

secured (construction loan) "Paradisus Papagayo Bay".

1.2 The guarantors are together majority shareholders or principal lenders of the beneficiary and

since the establishment of the beneficiary they have covered the capital requirements that have

arisen. With regard to this and in the endeavour to guarantee cover to creditors of the beneficiary

and for the purpose of ensuring the capital requirement of the beneficiary up to the time of

securing the whole project finance "Paradisus Papagayo Bay" this Guarantee Agreement

(hereinafter referred to as "Agreement") is concluded.

2. Guarantee performance

2.1 The guarantors undertake, irrespective of the validity and legal effectiveness of any further

contracts concluded between them and the beneficiaries and agreeing to waive any right to

objections and arguments from the same, irrevocably, to pay to the beneficiary upon the first

written payment demand, within 30 days from receipt of the demand, the amount necessary to

guarantee the cover mentioned under §1.

2.2  Recourse to this guarantee shall be deemed to have taken place if the written payment

demand is in the possession of the guarantors.

3. Further duties of the guarantors

3.1 The guarantors shall inform the company immediately if they are no longer able to fulfill their

obligations in accordance with this Agreement.

3.2 During the period of this Agreement the guarantors shall refrain from selling, encumbering or

decreasing their current equity holding in the beneficiary. In the same way the liabilities of the

beneficiary in relation to the guarantors shall not be paid off during the period of this Agreement.

The guarantors shall refrain from assigning to third parties any claims they have in relation to the

beneficiary.

3.3 All claims of the guarantors in relation to the beneficiary based on the provision of guarantee

payments to the beneficiary or the latter's creditors shall count in full as subordinated in rank as

defined by Art. 725 OR (code of obligations).

The parties relinquish all rights of offsetting and retention in relation to each other.

4. Assignability

A party is not permitted to transfer or assign to third parties individual rights or all rights of this

Agreement without the prior written consent of the other party. Any transfer or assignment

without such consent shall be invalid.

5. Period of validity

5.1 Notice of termination cannot be issued for this Agreement. It may be cancelled only if the

beneficiary has succeeded in securing the project finance (construction loan) for the project

"Paradisus Papagayo Bay".

6. Approval, credit standing

6.1 This Agreement has been approved by the board of directors of the beneficiary in

acknowledgement of the credit standing of the guarantors.

7. Final provisions

7.1 This Agreement contains the whole contractual intention of the parties concluding the

contract and it replaces all previous written and verbal agreements between the parties relating to

this matter.

7.2 If a party makes no use or only partial use of their right under this Agreement, this shall not

signify a general relinquishment of the entitlement to assert such rights.

7.3 Changes and additions to this Agreement, including this provision, shall require written form

and the consent and signature of both parties.

7.4 If individual provisions of this Agreement are or become invalid, this shall not affect the

validity or effectiveness of the other provisions of the Agreement. The parties undertake to

replace the invalid or ineffective provision with a valid and effective regulation that comes as

close as possible to the sense and purpose of the invalid or ineffective provisions. The same shall

apply, mutatis mutandis, for gaps in the contract.

8. Applicable law and place of jurisdiction

8.1 This Agreement shall be subject to Swiss law with exclusion of any rules concerning conflicts

of laws such as international private law.

8.2 The courts of law at the registered office of the debtor shall have exclusive jurisdiction for

judgment on all disputes from or in connection with this Agreement – including any that relate to

the question of formation of this Agreement or its validity.

City, date:

City, date:

Oberrieden, 16th July 2012

Oberrieden, 16th July 2012

The Guarantors:

SunVesta Holding AG

/s/ Hans Rigendinger

/s/ Hans Rigendinger

Hans Rigendinger

Hans Rigendinger

/s/ Josef Mettler

/s/ Josef Mettler

Josef Mettler

Josef Mettler

/s/ Max Rössler

Max Rössler

/s/ Josef Mettler

Zypam Ltd.

represented by Josef Mettler

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