Document:

YzApp International Inc. - Exhibit 10.12 - Prepared By TNT Filings Inc.

  

 

Exhibit 10.12

 (English Translation)

LOAN AGREEMENT 

Heilongjiang Shuaiyi New Energy Development Co. Ltd. 

(hereinafter, known as "Lender") 

Authorized Representatives:

Lianyun, Han

Address to Borrower:    

No.41, Han Guang Street, Nan Gang District, Heilongjiang, Harbin Province, P.R.C.

Daqing Shuaiyi Biotech Co., Ltd.  

(hereinafter, known as "Borrower"). 

Authorized Representatives:

Weihan, Zhang

Address to Lender:

Tie Dong District, Xin Zhan Town, Zhao Yuan County, Da Qin City, Harbin, P.R.C.

 

(Collectively, known herein as "the Parties") 

 

This Agreement (the “Agreement”) is made and entered into as of October 15, 2007 by and between Borrows and Lenders.

 

NOW, WHEREFORE, in consideration of the mutual promises and covenants set forth in this Agreement, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

 

1.

FOR VALUE RECEIVED, Borrower promises to pay to the order of Lender, the sum of RMB 35,000,000  (RMB Thirty-five Million) (hereinafter, the “Loan Amount"). 

2.

The entire outstanding Loan Amount shall become fully due in 5 years ( hereinafter, the “Period”) beginning from October. 15th, 2007  to October. 15th, 2012.  During the period, Borrower should repay to Lender an annual repayment of RMB7,000,000 (RMB Seven Million) upon or before the 30th day of October every year beginning from 2008.  

3.

This Loan Amount is interest free and non-secured. 

4.

This Agreement is made in two (2) originals, which shall be kept by each Party.  Such original set shall be as valid and effectual as if signed and executed by the Parties.

IN WITNESS WHEREOF, the Parties hereof have executed their Agreement as of the date first above written.

Lender

Borrower

                                                                    

                                                                    

Signature of Authorized Representative:

Signature of Authorized Representative: 

Date:

Date:YzApp International Inc. - Exhibit 10.13 - Prepared By TNT Filings Inc.

  

 Exhibit 10.13

LOAN AGREEMENT AND PROMISSORY NOTE

	RMB _____________	
    December 8, 2008

1. 

Loan. FOR VALUE RECEIVED, Heilongjiang Shuaiyi New Energy Development Co., Ltd., a limited liability company duly established and existing under the law of People’s Republic of China (“Borrower”), promises to pay to the order of ___________________, an individual citizen of People’s Republic of China (“Lender”), the principal sum of RMB ___________ (¥___________) (“Loan”).  This Loan Agreement and Promissory Note (“Note”) evidences the Loan from Lender to Borrower.

2.

Interest. The principal amount under this Note will bear no interest. 

3.

Payments of Principal; Maturity Date; No Prepayment. 

(a) 

Payments of Principal. Borrower will repay the principal balance of the Loan as follows: The entire outstanding principal balance will be payable in ten (10) successive equal yearly payments of RMB _____________ million (¥____________) each, beginning on the tenth annual anniversary of the execution date of this Note and within the first month of each year thereafter. A final payment of all outstanding principal will be due and payable on or before January 1, 2028 (the “Maturity Date”)

(b) 

No Prepayment. The Lender understands that the proceeds of the Loan will be used for the continuing development of the Borrower and any request of prepayment may materially affect the daily operation and established business development plan of the Borrower. The Lender therefore agrees that she will not, under any circumstance, require the prepayment of the Loan unless so requested by the Borrower.

4.

Assignment.

(a) 

Assignment by the Borrower. Borrower may assign and transfer all or any portion of the its obligations hereunder to any person or entity it reasonably believes has the financial capacity to repay the obligations so assigned (“Borrower’s Assignee”) by sending the Lender a written notification five (5) days prior to the date on which such assignment and transfer takes effect.  The Lender hereby agrees to any such assignment and transfer by entering into this Note.  This Note will apply to, be binding in all respects upon, and inure to the benefit of the successors and permitted assigns of the Borrower, and upon any assignment, the term “Borrower” as used in this Note will refer to the Borrower and/or any Borrower’s Assignee.

(b) 

Assignment by the Lender. Lender may not assign this Note in whole or in part to any person or entity without the prior written consent of Borrower. For avoidance of doubt, any assignment and transfer by the Lender of this Note without the prior written consent of Borrower will give the Borrower full and complete excuse to deny the repayment of the Loan without incurring any liabilities as set forth hereunder.

5. 

Method of Payment. As permitted by the then effective PRC laws and regulations, the Borrower and/or the Borrower’s Assignee may, at its own discretion, repay the Loan in any form, including without limitation, outstanding common stock of any public company that is a direct or indirect shareholder of the Borrower and/or the Borrower’s Assignee.  The Borrower and the Lender agree to negotiate the details of the payment method and enter into a separate agreement in sixty (60) days prior to date on which the first payment of the Loan is due and payable.

6. 

Miscellaneous.

(a) 

Headings and Gender. The headings of Sections in this Note are provided for convenience only and will not affect its construction or interpretation. All references to “Section” or “Sections” refer to the corresponding Section or Sections of this Note.  All words used in this Note will be construed to be of such gender or number as the circumstances require.  Unless otherwise expressly provided, the word “including” does not limit the preceding words or terms.

 

 

(b) 

Severability. Whenever possible each provision and term of this Note will be interpreted in a manner to be effective and valid but if any provision or term of this Note is held to be prohibited by or invalid, then such provision or term will be ineffective only to the extent of such prohibition or invalidity, without invalidating or affecting in any manner whatsoever the remainder of such provision or term or the remaining provisions or terms of this Note.  If any of the covenants set forth in this Note are held to be unreasonable, arbitrary, or against public policy, such covenants will be considered divisible with respect to scope, time and geographic area, and in such lesser scope, time and geographic area, will be effective, binding and enforceable against the parties.

(c) 

Notices. All notices, requests, demands, claims, and other communications under this Note will be in writing. Any party may send any notice, request, demand, claim, or other communication under this Note to the intended recipient at the address set forth on the signature page of this Note by any means (including personal delivery, expedited courier, messenger service, telecopy, telex, ordinary mail, or electronic mail), but no such notice, request, demand, claim, or other communication will be deemed to have been duly given unless and until it actually is received by the intended recipient.  Refusal by a party to accept notice that is validly given under this Note will be deemed to have been received by such party upon receipt. Any party may change the address to which notices, requests, demands, claims, and other communications under this Note are to be delivered by giving the other party notice in the manner herein set forth. Any notice, request, demand, claim, or other communication under this Note will be addressed to the intended recipient as set forth on the signature page hereto.

(d) 

Further Assurances. Each of the parties will use its best efforts to take all action and to do all things necessary, proper, or advisable in order to consummate and make effective the transactions contemplated by this Note.

(e) 

Governing Law. This Note will be construed, and the rights and obligations under this Note determined, in accordance with the laws of the PRC, without regard to the principles of conflict of laws thereunder.

(f) 

Amendment. This Note may not be amended, altered or modified except by a subsequent written document signed by all parties. 

(g) 

Counterparts. This Note may be executed in any number of counterparts. When each party has signed and delivered to the other party at least one such counterpart, each of the counterparts will constitute one and the same instrument. 

[Signature Page Follows]

 

 Borrower:

Lender:

Heilongjiang Shuaiyi New Energy 

___________________________

Development Co., Ltd.

By: ______________________________

By: ______________________________

Lianyun HAN

Its: Legal Representative

Address:

Address:

No. 41 Hanguang Street, Nangang District

___________________________

Harbin 150080, People’s Republic of China

___________________________YzApp International Inc. - Exhibit 10.14 - Prepared By TNT Filings Inc.

  

 
Exhibit 10.14

(English Translation)

EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT, dated and effective as of _________(M,D,Y) (the "Agreement"), is made by and between Heilongjiang Shuaiyi New Energy Development Co., Ltd., a P.R.C. corporation (“Party A” or “the Company” ), and Employee (“Party B” or “you”).

WHEREAS, Party A desires to employ Party B, and Party B desires to enter into the employment of the Company, upon the terms and conditions and in the capacities set forth herein;

WHEREAS, according to stipulations of the “General Regulations of the People’s Republic of China on Civil Code”, “Contract Law of the People’s Republic of China”, and other relevant laws and regulations;

NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Executive hereby agree as follows:

1. Employment and Term of Employment.

Subject to the terms and conditions of this Agreement, Party A hereby agrees to employ Party B, and Party B hereby agrees to serve Party A, as (position) of the Company for a term of years (the "Term of Employment") beginning on _________(M,D,Y) (the "Effective Date") and ending on _________(M,D,Y) ("Expiration Date").  Notwithstanding the foregoing, if either party gives a valid Notice of Termination pursuant to Section 6 hereof, the Term of Employment shall not extend beyond the Expiration Date specified in such Notice of Termination.

2. Responsibility and Liability

During the Term of Employment, Party B shall devote substantially all of his efforts to the faithful performance of his duties hereunder. Party B shall take the responsibilities and fulfill his/her duties assigned by Party A within the specified working time and ensure the quality of the work.

3. Confidentiality

Party B agrees that he will not disclose or cause to be disclosed in any way the terms, contents or execution of this Agreement or the facts and circumstances underlying this Agreement.

4. Compensation

During the Term of Employment, in consideration of Party B’s agreement set force, Party B's base salary (the "Base Salary") shall be at the rate of  ____________ RMB per month and the salary will be payable monthly in cash on 10th day in the following month, which shall be mutually agreed.

5. Taxes

All payments to be made to and on behalf of Party B under this Agreement will be subject to required withholding of applicable Chinese income tax.
 

 

6. Termination of Employment.

(a) At the Expiration Date of the Term of Employment;  

(b) The Employment can be terminated or breached by both parties’ acceptance and agreement on a friendly negotiation

(c) Disability. Party A may terminate Party B's employment under this Agreement if Party B is absent from work due to serious illness or incapacity.

7. Solely Termination or Breach

If the employment under this Agreement is solely terminated by either party, the termination notice should be submitted to the other party thirty (30) days in advance.

8. Consequences of Termination or Breach

It is understood and agreed you have handed over to the successor all files, papers, memoranda, letters, facsimile or other communications which you have in your possession that were written, authorized, signed, received or transmitted during your employment within one (1) week promptly after your termination notice.  In addition, you acknowledge you have returned to the Company all confidential information and property of the Company in your possession after your leaving. You further agree to indemnify the company and its officers, directors, employees, and controlling persons from any liability, claim, damage, expense (including reasonable legal fees) arising.

9. Public Insurance and Welfare

During the term of Employment, Party A shall withholding the endowment insurance, medical care insurance and unemployment insurance for Party B.

10. Indemnification

Upon the termination of this Agreement under Section 6 or 7, neither party shall pay any liquidated damages to the other.

11. Arbitration

Any dispute or claim between the parties hereto arising out of, or, in connection with this Agreement, shall, upon written request of either party, become a matter for arbitration.  The arbitration shall be before a neutral arbitrator in accordance with the Commercial Arbitration Rules of Heilongjiang Provincial Arbitration Commission and take place in Heilongjiang, PRC.  The decision or award of the arbitrator shall be final and binding upon the parties hereto.  The parties shall abide by all awards recorded in such arbitration proceedings, and all such awards may be entered and executed upon in any court having jurisdiction over the party against whom or which enforcement of such award is sought.

12. Notices

Any notice or other communication made or given in connection with this Agreement shall be in writing and shall be deemed to have been duly given when delivered by hand, by facsimile transmission, by a nationally recognized overnight delivery service or mailed by certified mail, return receipt requested, to Party A or Party B at the addresses set forth on the head of this Agreement separately or at such other address as Party A or Party B may specify by notice to the others.

 

13. Entire Agreement

This Agreement sets forth the entire understanding between you and the Company, and supersedes any and all prior or contemporaneous understandings and agreements, written or oral.  This agreement is executed in two (2) counterparts and each of which shall be deemed equally authentic.  This Agreement shall be effective after your acceptance and signing below:

Accepted and agreed, as of _____day of __________, 2008

HEILONGJIANG SHUAIYI NEW ENERGY DEVELOPMENT CO., LTD.

(Seal)

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