Asia Time Corporation EMPLOYMENT CONTRACT

3.1

Probation Wage (HK$):

3.2

Basics Wage (HK$):

3.3

Special Allowance (HK$):

3.4

Salary will be paid monthly in the first day of the following month, or the first working day in case of public holiday.

5.1

5.2

6.1

Paid Holidays:

Wage deduction =

No. of Leave

X

Monthly or Basic Wage

No. of Days of that Month

6.2

Paid Annual Vacation:

The Employee is entitled to paid annual leave according to the provisions of the Employment Ordinance. 7 working days annual vacation after completion of the first year’s service. One day will be added for completion of one year service, subject to a maximum of 14 days. Vacations should be taken in the next 12 months; vacations not taken in any year will be forfeited and cannot be carried forward to the next year.

According to the practice of the Employer, part of the annual vacation will be taken during the consecutive holidays of the Lunar New Year. Rest of the vacation would be taken at the Employee’s discretion. However, seven day’s application is required if 2 or more days are applied.

6.3

Paid Sick Leave

6.4

Maternity Leave

i)

She has been employed under a continuous contract for not less than 40 weeks immediately before the commencement of scheduled maternity leave;

ii)

She has given notice of pregnancy and 1 month prior notice of her intention to take maternity leave to the Employer with the presentation of a medical certificate confirming her pregnancy.

Termination of Contract during Probation:

7.2

After the probation:

7.3

If the Employee is guilty of dishonesty, theft, fraud, habitually neglectful in his/her duties, or have done anything detrimental to the business of the Employer, any material breach of the regulations of the Employer, willfully disobeys a lawful and reasonable order, the Employee could be summarily dismissed without notice or payment in lieu of notice and the Employer reserves the right to take further action.

Existing works should be passed to the successor prior leave.

The Employee is not allowed to work for any suppliers or clients who have business relationship with the Employer within the next 12 months after termination, and no information of the Employer should be used for any purposes, otherwise, the Employer reserves the right to take further action. 

Any provisions not detailed in this contract shall be referred to the Employment Ordinance, the Employees’ Compensation Ordinance and any other relevant Ordinances, and the employee regulations of the Employer.

This Contract has the following annex:  Confidential Agreement for Asia Time Employeeswhich forms part of this contract.

This contract is the agreement between the Employer and the Employee, and should not be used for any other purpose. Once discovered, the Employer reserves the right for further action.

The Employee shall not either during or after the termination of his employment by the Company hereunder:

divulge or communicate to any person or persons except to those officers of the Company or the Group whose province it is to know the same and except as required by law; or

use for his own purposes or for any purposes other than those of the Company or the Group; or

through any failure to exercise all due care and diligence cause any unauthorised disclosure of,

relating to the business, potential business, finances, dealings or affairs of the Company or any member of the Group; or

relating to the working of any process or invention which is carried on or used by the Company or any member of the Group or which he may discover or make during his employment hereunder; or

in respect of which any such company is bound by an obligation of confidence to any third party (including any principal, joint venture partner, contracting party or client of the Company or Group) written notice of which has been given to the Employee or of which he is aware,

1.2

The Employee will promptly whenever requested by the board of directors of the Company and in any event upon the termination of his employment, deliver up to the Company or its nominees all lists of suppliers, clients or customers, correspondence and all other documents and records in whatever medium and assets relating to the business of the Group, which may have been prepared by him or have come into his possession, custody or control in the course of his employment, and the Employee will not be entitled to and will not retain any copies thereof. Title to and copyright in these items will vest in the Company.

2.1

During his employment the Employee will not, without obtaining the prior approval of the board of directors of the Company, be directly or indirectly engaged or concerned in the conduct of any other business or have any financial interest in any other business which, in the reasonable opinion of the board of directors of the Company, is an organisation:

(a)

which competes or may compete with the business of the Company or the Group; or

(b)

an association with which could jeopardize the reputation of the Company or the Group; or

(c)

an engagement with which would adversely affect the Employee's ability to perform his duties fully and properly under this Agreement,

2.2

The Employee will not, for a period of [twelve (12)] months after the termination of his employment with the Company (howsoever caused), either personally or through an agent, carry on or be interested or engaged in (other than as a holder of not more than five per cent (5%) of the issued shares or debentures of any company listed on any recognised stock exchange), or be concerned directly or indirectly in any Employee, technical, advisory or other capacity in, any business concern (of whatever kind) which is in direct competition with the business of any member of the Group. However, this restriction will not restrain the Employee from being engaged or concerned in any business concern insofar as the Employee's duties or work will relate solely to:

(a)

geographical areas outside Hong Kong where the Group have not transacted any business; or

(b)

services or activities of a kind with which the Employee was not concerned to a material extent in respect of the Group during his employment with the Company.

2.3

The Employee undertakes that he will not within a period of [twelve (12) months] after the termination of his employment with the Company (howsoever caused), within Hong Kong, or in any other country where the Group has transacted business, either personally or through an agent, directly or indirectly:

(a)

solicit or endeavour to entice away from the Group:

(i)

any person, firm, company or other organisation which within [twelve (12)] months prior to or at the date of such termination was a customer or client of, or in the habit of dealing with the Group and with whom the Employee had contact or about whom he became aware or informed of in the course of his employment; or

(ii)

any other person, firm, company or other organisation with whom the Employee had regular, substantial or a series of business dealings on behalf of the Group; or

(iii)

any employee, director, adviser or consultant of any member of the Group; and

employ or otherwise engage or use the services of any person who is an employee, adviser, consultant of or under a contract of services with any member of the Group.

2.4

While the restrictions contained in this Agreement are considered by the parties to be reasonable in all the circumstances, it is agreed that if such restrictions as a whole are adjudged to go beyond what is reasonable for the protection of the confidential information and other legitimate investment interests of the Company, and to be unenforceable, but would be adjudged reasonable and enforceable if any part of the wording thereof were deleted or the period thereof reduced or the range of activities or area reduced in scope, then such restrictions will apply with such modifications as may be necessary to make it valid and effective.