MEZABAY INTERNATIONAL INC. - FORM 8-K/A - EX-99.8 - AGREEMENT FOR TERMINATION OF KOK KENG LOW'S EMPLOYMENT CONTRACT AS CHIEF OPERATING 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-99.7 - AGREEMENT FOR TERMINATION OF KING KAU NG'S EMPLOYMENT CONTRACT AS CHIEF EXECUTIVE OFFICER - MEZABAY INTERNATIONAL INC.exh997.htm
EX-99.3 - KOK KENG LOW'S LETTER OF RESIGNATION AS A DIRECTOR - MEZABAY INTERNATIONAL INC.exh993.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 99.8

Agreement For Termination of Kok Keng Low’s Employment Contract As Chief Operating Officer

Termination Of Low Kok Keng’s Employment & Settlement of Salary

Low Kok Keng (“LKK”) and Mezabay International Inc. (Formerly, Cardtrend International Inc.) (“Company”) herby mutually agree that LKK’s employment with the Company under the Employment Contract dated September 28th, 2006 (“Employment Contract”) shall be terminated with effect from September 23, 2009. Accordingly, LKK hereby resigns from the Company as its Executive Vice President & Chief Operating Officer with effect from September 23, 2009.

LKK and the Company mutually agree that the Company shall pay to LKK (i) a sum of HK$ 31,846.95 being salary from September 1, 2009 to September 23, 2009; (ii)a sum of HK$ 204,657.53 in lieu of 83 days of vacation leave which LKK was entitled to but unconsumed as at September 23, 2009; and (iii) a sum of HK$ 1,809,863.01 being compensation for early termination of the Employment Contract, totaling HK$ 2,046,367.50 (or US$ 263,996.32) (“Total Due”).

LKK and the Company mutually agree that the Company shall settle the Total Due of US$ 263,996.32 by issuing to LKK a total of 32,999,540 Rule 144 restricted shares of its common stock, at a price of $0.008 per share (“Shares”).

LKK 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.

LKK and the Company hereby agree that upon the issuance and delivery of the Shares to LKK by the Company, the Company and LKK 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.
  
Low Kok Keng
     
     
SHOON HAU TSIN
  
LOW KOK KENG
Shoon Hau Tsin
  
Low Kok Keng
Director
  
(Malaysia I/C No.: 590226106637)
     
Date: September 23, 2009.
  
Date: September 23, 2009



 
 
 
 
 

 



 
 
 

MEZABAY INTERNATIONAL INC. Reports