MEZABAY INTERNATIONAL INC. - FORM 8-K/A - EX-99.7 - AGREEMENT FOR TERMINATION OF KING KAU NG'S EMPLOYMENT CONTRACT AS CHIEF EXECUTIVE OFFICER - March 8, 2010

Attached files

file filename
8-K/A - MEZABAY INTERNATIONAL INC. FORM 8-K/A-1 (12/31/09) - MEZABAY INTERNATIONAL INC.mii8ka123109.htm
EX-99.5 - YU HUA CHEN'S LETTER OF RESIGNATION AS A DIRECTOR - MEZABAY INTERNATIONAL INC.exh995.htm
EX-99.1 - BOARD RESOLUTION TO APPROVE AND APPOINT 4 NEW DIRECTORS - MEZABAY INTERNATIONAL INC.exh991.htm
EX-99.4 - JEE SAM CHOO'S LETTER OF RESIGNATION AS A DIRECTOR - MEZABAY INTERNATIONAL INC.exh994.htm
EX-99.3 - KOK KENG LOW'S LETTER OF RESIGNATION AS A DIRECTOR - MEZABAY INTERNATIONAL INC.exh993.htm
EX-99.8 - AGREEMENT FOR TERMINATION OF KOK KENG LOW'S EMPLOYMENT CONTRACT AS CHIEF OPERATING OFFICER - MEZABAY INTERNATIONAL INC.exh998.htm
EX-99.9 - AGREEMENT FOR TERMINATION OF YU HUA CHEN'S EMPLOYMENT CONTRACT AS CHIEF OFFICER - GREATER CHINA - MEZABAY INTERNATIONAL INC.exh999.htm
EX-99.6 - BOARD RESOLUTION TO ACCEPT AND APPROVE RESIGNATIONS OF DIRECTORS AND OFFICERS AND APPROVE AND APPOINT 3 NEW OFFICERS - MEZABAY INTERNATIONAL INC.exh996.htm
EX-99.2 - KING KAU NG'S LETTER OF RESIGNATION AS A DIRECTOR - MEZABAY INTERNATIONAL INC.exh992.htm
EX-99.11 - AGREEMENT FOR TERMINATION OF KATHERINE YOKE-LIN TUNG'S SERVICE CONTRACT AS SECRETARY & TREASURER - MEZABAY INTERNATIONAL INC.exh9911.htm
EX-99.10 - AGREEMENT FOR TERMINATIONOF CHEE LEONG WONG'S EMPLYMENT CONTRACT AS CHIEF FINANCIAL OFFICER - MEZABAY INTERNATIONAL INC.exh9910.htm
EX-99.12 - HAU TSIN SHOON'S EMPLOYMENT CONTRACT - MEZABAY INTERNATIONAL INC.exh9912.htm
EX-99.14 - MAY YIN THUM'S EMPLOYMENT CONTRACT - MEZABAY INTERNATIONAL INC.exh9914.htm
EX-99.15 - BOARD RESOLUTION OF APPROVE THE SIGN-OFF OF PAYMENT & LOYALTY GROUP - MEZABAY INTERNATIONAL INC.exh9915.htm
EX-99.13 - YONG QING TEY'S EMPLOYMENT CONTRACT - MEZABAY INTERNATIONAL INC.exh9913.htm

Exhibit 99.7

Agreement For Termination of King Kau Ng’s Employment Contract As Chief Executive Officer

Termination Of Ng King Kau’s Employment & Settlement of Salary

Ng King Kau (“NKK”) and Mezabay International Inc. (Formerly, Cardtrend International Inc.) (“Company”) herby mutually agree that NKK’s employment with the Company under the Employment Contract dated May 22nd, 2006 (“Employment Contract”) shall be terminated with effect from September 23, 2009. Accordingly, NKK hereby resigns from the Company as its President & Chief Executive Officer with effect from September 23, 2009.

NKK and the Company mutually agree that the Company shall pay to NKK (i) a sum of HK$ 59,564.63 being salary from September 1, 2009 to September 23, 2009; (ii)a sum of HK$ 305,753.42 in lieu of 93 days of vacation leave which NKK was entitled to but unconsumed as at September 23, 2009; and (iii) a sum of HK$ 1,989,041.10 being compensation for early termination of the Employment Contract, totaling HK$ 2,354,359.15 (or US$ 303,729.49) (“Total Due”).

NKK and the Company mutually agree that the Company shall settle the Total Due of $303,729.49 by issuing to NKK a total of 37,966,186 Rule 144 restricted shares of its common stock, at a price of $0.008 per share (“Shares”).

NKK agrees that the unvested and vested shares as at September 23, 2009 of all the three share options granted to him by the Company on September 5, 2008 are hereby cancelled with immediate effect.

NKK and the Company hereby agree that upon the issuance and delivery of the Shares to NKK by the Company, the Company and NKK shall have discharged all their respective obligations under the said Employment Contract and any addendum thereto and they shall release each other of any other obligation and shall have no claim against each other

 
Agreed to by:
For and on-behalf of
  
For and on-half of
Mezabay International Inc.
  
Ng King Kau
     
     
SHOON HAU TSIN
  
NG KING KAU
Shoon Hau Tsin
  
Ng King Kau
Director
  
(Malaysia I/C No.: 500916105613)
     
Date: September 23, 2009.
  
Date: September 23, 2009


 
 
 
 
 

 






 
 
 

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