SANBON HERALD SCHOOL

FIRST YEAR CONTRACT

This EMPLOYMENT AREEMENT has been made this

between Sanbon Herald School, being established under the laws of South Korea at, 1142-8, 5F Sungwon Bldg, Sanbon-dong, Gunpo-shi, Kyonggi-do, Republic of Korea (hereinafter referred to as the "Employer") and

, a citizen of

, whose passport/ID number is

(hereinafter referred to as the "Teacher") under the terms and conditions set forth below.

Both parties agree on the following terms and conditions:

CLAUSE 1 (APPOINTMENT)

a. The employer agrees to employ the teacher during the period stipulated herein.

b. The teacher agrees to accept the employment and will work in his/her full capacity for the school.

CLAUSE 2 (PERIOD OF EMPLOYMENT)

The total Agreement term is approximately one year from

,

commencing from the first teaching day and ending on the last teaching day of the teacher's       twelfth full teaching session.

CLAUSE 3 (THE EMPLOYER'S RESPONSIBILITIES)

a. The employer and teacher are equal individuals working together to provide quality English       instruction under the terms stated in this contract.

b. The employer will honor the terms and conditions of employment for the teacher as stated       within this contract.

c. The employer will guarantee the teacher a salary in consideration of the teacher's teaching       hours and proper preparation for the classes.

CLAUSE 4 (THE TEACHER'S RESPONSIBILITIES AND DUTIES)

a. During the terms of this Agreement, the teacher must cooperate and comply with the                    instructions and disciplines of the school. Assisting the Supervisor of Director, he/she       must carry out assignments as directed by the employer.

b. The teacher must have adequately for the classes in advance.

c. At all times during the term of this contract, teachers must maintain a clean and neat       appearance. While suits and ties are not mandatory, a professional appearance is desirable.

d. The teacher's work will include the following:

1. Teaching the English language (Target students' ages: 6-middle School)

2. Development of educational programs and materials

3. Curriculum design and implementation

4. Indoor and outdoor classroom activities for/with students

5. Level testing, grading, evaluation, and assessment of students

6. Providing students with individualized care

7. Attending teacher's meetings and workshops

8. Other related school activities

CLAUSE 5 (WORKING HOURS)

a. During the term of this Agreement, the teacher should work in cooperation with the Supervisor       or Director from Monday through Friday.

b. Teachers will be required to attend some special events throughout the year (Workshop,       Graduation Ceremony, Sports Day, etc.) which may fall on a Saturday. Teachers will not receive       additional compensation for these days.

c. The teacher agrees to teach 120 teaching hours a session and to adequately prepare for classes.

CLAUSE 6 (SALARY AND OVERTIME RATE)

a. The employer agrees to pay the teacher salary of

won for 120 hours per session       and preparation for classes.

b. The payment of the salary is to be made once a month

c. Each hour exceeding the 120hours/session will be considered as overtime. The payment for the       overtime will be 15,000 won per hour. Attendance at scheduled staff meetings(once every       Monday morning) and teacher's training workshops, along with preparation for classes is       mandatory and not considered as overtime.

d. Salary, overtime pay, and fringe benefit condition should be kept confidential.

CLAUSE 7 (TAX)

Income tax and inhabitants' taxes will be withheld in accordance with the Korean tax law.

CLAUSE 8 (VACATION and HOLIDAYS)

a. The teacher will be allowed to have all national holidays off.

b. The teacher will also be allowed to have winter and summer vacation, according to the Herald        school calendar, Each vacation will be one week (including weekend).

The summer vacation is usually scheduled for late July / early August and the winter      vacation is usually scheduled between Christmas and New Year.

CLAUSE 9 (ACCOMMODATION)

a. The teacher will be provided single accommodation, which will be loacated three minutes walk       from the nearest subway station.

b. The monthly rent will be paid by the employer.

c. The cost of utilities for the accommodations will be paid by the teacher.

d. For the first three months, the Employer will withhold a deposit of 200,000 won each month      (600,000 Won in total), in order for the employer to pay off utility and telephone charges,      received by the employer during the two months after the termination of the contract. Any      balance due to the teacher after all bills have been paid will be transferred to the teacher's      bank account back home within two months after the termination of the contract. This is on      condition of the teacher completing the 1 year contract.

CLAUSE 10 (YEAR-END BOUNUS)

Upon completion of this one-year contract, the teacher will receive one additional   1 month salary as a bonus. Income tax will be withheld from this payment.

CLAUSE 11 (TRANSPORTATION)

a. A pre-paid ticket from the teacher's home city will be provided to the teacher.

b. On completion of the full contract period, the employer will provide the teacher a ticket for       passage from seoul, Kora back to the teacher's home city. The return air ticket will be       provided at the time of termination of employment.

In the event that the teacher continues employment under a subsequent employment agreement       with the employer; the return air ticket will be provided at the time of completion of the       subsequent contract period(s).

Air tickets provided cannot be exchanged for cash equivalents or transferred to persons other       than the teacher. The employer does not agree to, and is not liable for compensation to the       teacher, whether in cash or otherwise, for air tickets which are not used by the teacher.

c. If the teacher leaves the school prior to completing the one year's contract for any reason, the       teacher will be responsible for paying back the cost of the original airline ticket to Korea.

CLAUSE 12 (DISMISSAL OR VOLUNTARY RESIGNATION)

a. The employer reserves the right to dismiss the teacher from employment for the following       causes:

1. Neglect or inability to perform his/her duties stipulated in this agreement

2. Frequent absences from work or lateness

3. Receiving two warning letters

4. Criminal behavior or misconduct

b. The employer agrees to give the employee 30 working days notice in the event of dismissal.

However, in the case fo a teacher's criminal behavior or misconduct, he/she will be dismissed       from employment immediately with no warning or notice.

c. In the event the teacher wishes to resign from his/her employment, he/she can do so by       giving at least 45 working days notice to the employer.

CLAUSE 13 (GOVERNING LAW & JURISDICTION)

a. This Agreement is governed by the law of the Republic of Korea.

b. This Agreement is made final and firm unless any material modification or amendment to this       Agreement is executed with the full knowledge and consent of the undersigned and         incorporated into this Agreement.

In witness thereof, we have affixed our signatures hereon:

Employer - Herald school            Teacher -

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