Document:

ex10_1.htm

Exhibit 10.1

EMPLOYMENT AGREEMENT

This document serves as an Employment Agreement (the “Agreement”) made this first day of March 2011 between Ms. HO Lai Lai Anita (Ms. Ho) and the Dragon Bright Mintai Botanical Technology (Cayman) Limited. (the “Company”) with reference to the following facts:

RECITALS

 

	
  

	
A.

	
The group includes the listing vehicle, Dragon Bright Mintai Botanical Technology (Cayman) Limited; holding company, Dragon Bright Mintai Botanical Technology Company Limited; operating company, Hong Kong Dragon Holdings Limited.

	
  

	
B.

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

 

	
  

	
C.

	
This employment agreement supersedes the following professional services agreement:

 

	
  

	
(1)

	
with Dragon Bright Mintai Botanical Technology Company Limited dated January 1, 2011.

 

	
  

	
(2)

	
with Hong Kong Dragon Holdings Limited dated October 1, 2010.

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, 2011, 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.

 

  

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(b)

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

2.              Compensation and reimbursement

In  consideration of  the  services  to  be  provided  by  Consultant  to  the  Company  hereunder,  the Company shall pay a total amount of HKD$90,000 for the terms of this agreement. The company shall pay RMB$10,000.00 per month, stating March 31, 2011, for services rendered on or before 7th day of each month. The Company will accommodate Consultant’s request to arrange, at Company’s expense, for all of Consultant’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 Consultant 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.

	
Signed by Company:

	 	
Signed by:

	 
	  	 	  	 
	  	 	  	 
	  	 	  	 
	  	 	  	 
	  	 	  	 
	
/S/ Stanley ANG                                                                       

	 	
/S/ HO Lai Lai Anita                                                         

	 
	 	 	 	 
	
Mr. Stanley ANG

	 	
Ms. HO Lai Lai Anita

	 

 

Page 2 of 2ex10_2.htm

Exhibit 10.2

Tenancy Agreement

An Agreement made the 23rd day of November, 2010 between the Landlord and the Tenant as more particularly describe in Schedule I.

The Landlord shall let and the Tenant shall take the Premises for the Term and at the Rent as more particularly described in Schedule I and both parties agree to observe and perform the terms and conditions as follow.-

	
1.

	
The Tenant shall pay to the Landlord the Rent in advance on the __________ day of each and every calendar month during the Term. If the Tenant shall fail to pay the Rent within 7 days from the due date, the Landlord shall have right to institute appropriate action to recover the Rent and all costs, expenses and other outgoings so incurred by the Landlord in relation to such action shall be a debt owed by the Tenant to the Landlord and shall be recoverable in full by the Landlord.

	
2.

	
The Tenant shall not make any alteration and / or additions to the Premises without the prior written consent of the Landlord, which consent shall not be unreasonably withheld.

	
3.

	
The Tenant shall not assign, transfer, sublet or part with possession of the Premises or any part thereof to any other person. The tenancy shall be personal to the Tenant named herein.

	
4.

	
The Tenant shall comply with all ordinances, regulations and rules of Hong Kong and shall observe and perform the covenants, terms and conditions of the Deed of Mutual Covenant and Sub-Deed of Mutual Covenant (if any) relating to the Premises. The Tenant shall not contravene any negative or restrictive covenants contained in the Government Leases(s) under which the Premises are held from the Government.

	
5.

	
The Tenant shall during the Term pay and discharge all charges in respect of water, electricity, gas and telephone and other similar charges payable in respect of the Premises.

	
6.

	
The Tenant shall during the Term keep the interior of the Premises in good and tenantable repair and condition (fair wear and tear and damage caused by inherent defects excepted) and shall deliver up vacant possession of the Premises in the same repair and condition on the expiration or sooner determination of this Agreement.

	
7.

	
The Tenant shall pay to the Landlord the Security Deposit set out in Schedule I for the due observance and performance of the terms and conditions herein contained and on his part to be observed and performed. Provided that there is no antecedent breach of any of the terms and conditions herein contained, the Landlord shall refund the Security Deposit to the Tenant without interest within 7 days from the date of delivery of vacant possession of the Premises to the Landlord or settlement of any outstanding Payment owed by the Tenant to the Landlord, whichever is later. If the Rent and/or and charges payable by the Tenant hereunder or any part thereof shall be unpaid for seven (7) days after the same shall become payable (whether legally demanded or not) or if the Tenant shall commit a breach
of any of the terms and conditions herein contained, it shall be lawful for the Landlord at any time thereafter to re-enter the Premises whereupon this Agreement shall absolutely determine and the Landlord may deduct any loss or damage suffered by the Landlord as a result of the Tenant’s breach from the Security Deposit without prejudice to any other right of action or any remedy of the Landlord in respect of such breach of the Tenant.

 

  

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8.

	
Provided the Tenant shall have paid the Rent and other outgoings on the days and in the manner herein provided and observe and perform the terms and conditions herein contained and on the Tenant’s part to be observed and performed, the Tenant shall peacefully hold and enjoy the Premises during the Term without any interruption by the Landlord.

	
9.

	
The Landlord shall keep and maintain the structural parts of the Premises including the main drains, pipes and cables in proper state of repair provided that the Landlord’s liability shall not be incurred unless and until written notice of any defect or want of repair has been given by the Tenant to the Landlord and the landlord shall have hailed to take reasonable steps to repair and remedy the same after the lapse of a reasonable time from the date of service of such notice.

	
10.

	
The Landlord shall pay the Property tax payable in respect of the Premises.

	
11.

	
The Stamp Duty payable on this Agreement in duplicate shall be borne by the Landlord and the Tenant in equal shares.

	
12.

	
The Landlord and the Tenant agree to be bound by the additional terms and conditions contained in Schedule II (if any).

	
13.

	
If there is any conflict between the English version and the Chinese version in this Agreement, the English version shall prevail.

	
Received the Security Deposit of

HK$ 23,000.00 by the Landlord

	  	
Received __________ key(s) of the Premises by the Tenant

	
 

 

 

/s/ Edmund C.Y. Tam Limited

	  	
 

 

 

/s/ Dragon Bright Mintai Botanical Technology Company Limited

	
 

Confirmed and Accepted all the terms and conditions Contained herein by the Landlord:

	  	
 

Confirmed and Accepted all the terms and conditions Contained herein by the Tenant.

	
 

 

 

/s/ Edmund C.Y. Tam Limited

	  	
 

 

 

/s/ Dragon Bright Mintai Botanical Technology Company Limited

	
HKID/ B.R. No. (38037451)

	  	
HKID/ B.R. No. (38270578)

  

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Schedule I

	
The Premises

	
:

	
Room B, 19/F., Hillier Commercial Building, 89-91 Wing Lok Street, Sheung Wan, Hong Kong

	
 

The Landlord

	
 

:

	
 

Edmund C.Y. Tam Limited

	
 

Address

	
 

:

	  	
 

Tel. No.:

	
 

9037 8976

	
 

The Tenant

	
 

:

	
 

Dragon Bright Mintai Botanical Technology Company Limited

	
 

Address

	
 

:

	  	
 

Tel. No.:

	
 

6086 4620

	
 

Term

	
 

:

	
 

From November 23, 2010 to December 22, 2012 (both days inclusive)

	
 

Rent

	
 

:

	
 

HK$ 11,500.00 per month

	
 

Security Deposit

	
 

:

	
 

HK$ 23,000.00

 

Schedule II

	
1.

	
User

 

The Tenant shall not use or permit to be used the Premises or any part thereof for any purpose other than for Commercial purpose only. [P.S. – Please select one item: e.g. residential / commercial / office / shop / industrial]

	
2.

	
Miscellaneous Payments

 

	
a)

	
The following payments payable in respect of the Premises during the Term:-

 

	
*(a)

	
Management fee paid by Landlord / Tenant * (at current rate) (per month) (subject to revision from time to time)

  

 

	
*(b)

	
Government Rates paid by Landlord / Tenant * (subject to actual amount demanded by the Government)

  

 

	
*(c)

	
Government Rent paid by Landlord / Tenant * (subject to actual amount demanded by the Government)

 

  

* delete where inapplicable.

	
3.

	
Rent Free Period

 

The Tenant shall be entitled to a rent free period from __________ to __________ (both days inclusive) provided that the Tenant shall be responsible for the charges of Government Rent, Government Rates, management fees, water, electricity, gas, telephone and other outgoings payable in respect of Premises during such rent free period.

 

  

3

  

 

	
4.

	
Break Clause

 

Notwithstanding anything to the contrary hereinbefore contained, the Landlord / Tenant / either party shall be entitled to terminate this Agreement earlier than as herein provided by serving not less than _1_ months’ written notice or by paying _1_ months’ Rent in lieu to the Landlord / Tenant / other party provided that the said written notice shall not be served before the expiration of the [ 12 ] month of the Term of Tenancy.

	
 

Furniture & Fixture included in this agreement is as follows:

 

Air-conditioner ___ / Gas/elec. water-heater ___ / oil-ventilator ___ / ventilator ___ / gas-stove ___ / refrigerator ___

 

Wash-machine ___ / wardrobe ___ / bed ___ / settee ___ / wall-units ___ / and lights ___

 

The Landlord provides 1-times clearing service for the Premises’ carpet and blinds.

 

Remarks:    1.Tenant shall pay monthly Rent to Landlord’s A/C No:

                        01287511392941

                        Edmund C.Y. Tam Limited

                       Bank of China (Hong Kong)

 

	
Public Affair

	 	 
	 	 	 
	
POWER

	
CHINA POWER CO., LTD

HONG KONG LIGHTING CO., LTD.

	
2678-2678

2843-3111

	
 

GAS

	
 

CHINA GAS CO., LTD.

	
 

2880-5522

	
 

WATER

	
 

WATER SUPPLY DEPARTMENT

	
 

2824-5000

	
 

DRAINAGE

	
 

DRAINAGE DEPARTMENT

	
 

2877-0660

	
 

TELEPHONE

	  	
 

1000

	
 

CABLETV

	  	
 

1832888

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