Vice President of Finance Employment Agreement

EMPLOYMENT AGREEMENT



This EMPLOYMENT AGREEMENT (this "Agreement") is made and entered into, effective as of May 1 st 2009 (the "Effective Date"), by and between China Agritech, Inc., a Delaware corporation (the "Company"), and Ling Xiao Dai, an individual ("Executive" and, together with the Company, the "Parties").



WITNESSTH



WHEREAS, the Company wishes to ensure that it will have the benefits of Executive's services on the terms and conditions hereinafter set forth; and



WHEREAS, Executive desires to work for the Company on the terms and conditions hereinafter set forth.



NOW, THEREFORE, in consideration of the various covenants and agreements hereinafter set forth, the Parties hereto agree as follows:-



1. Employment, Acceptance and Term


The Company hereby employs Executive, and Executive hereby accepts employment with the Company, for a term commencing on the Effective Date and, unless sooner terminated in accordance with Paragraph 7 of this Agreement, continuing until April 30, 2012 (the "Term").


2. Place of work


The normal place of work will be Beijing as it may change from time to time; provided, however, that the Executive shall travel and work both in PRC and abroad, as may be required for the proper fulfillment of her duties.



3. Hours of Employment.


The Executive's normal hours of employment shall be the usual office hours of the Company that the Company shall from time to time set for each day. The Company can at any time require the Executive to work such hours outside the normal hours of employment as considered by the Company at its sole discretion to be necessary for the efficient discharge of the duties of the Executive.



4. Titles, Responsibilities and Reporting


During the Term, Executive shall serve as the Vice President of Finance of the Company and devote her time and energy, attention, skills and ability to the business and affairs of the Company, including but not limited to the following:-


a) The Executive should work with the accountant of individual operating companies to prepare the consolidation worksheets and consolidated financial statements under the U.S. Generally Accepted Accounting Principles on a monthly basis for the Company.

b) The Executive should coordinate with external auditors to accomplish auditing and/or review of the financial statements on time.

c) The Executive should comply with the Company's internal control systems and strengthen the corporate governance in accordance with Sarbanes-Oxley Act 404.

d) To facilitate the Company to list its shares on the main exchange or quotation system, the Executive shall coordinate with attorneys, auditors, financial advisors and IR firms, and assist in preparing and filing necessary documents.

e) The Executive should liaise with the U.S. Securities and Exchange Commission and the NASDAQ or the NYSE Alternext US LLC, assist the Company with complying with the above organization's rules and regulations and filing relevant reports and documents in a timely manner.

f) The Executive should organize information for disclosure and presentation purposes, and work with IR firms.

g) The Executive should participate in, organize and arrange for financing and fund raising in capital market.

h) The Executive should manage the relationship with agents and media, and otherwise assist in matters related to public relations.

i) The Executive should follow up, understand and monitor matters relating to listing on main board, capital raising, merger and acquisition in accordance with the direction of the board of director in a timely manner.

j) The Executive should review the Company's internal control system on financial reporting on a regular basis and recommend any step to improve its internal control system.



5. Compensation


a. Salary



During the Term, the Company shall pay Executive a base salary (the "Annual Base Salary") of US$36,000 per annum, payable in advance on a monthly basis.



b. Taxes



The Executive shall be responsible for paying individual income taxes for any of her compensation received from the Company. If the Company is required to withhold or otherwise pay taxes for the Executive, her compensation will be reduced accordingly.



6. Benefits


Expenses. During the Term, the Company shall promptly reimburse Executive for all reasonable out-of-pocket expenses actually incurred by her in connection with the performance of her duties hereunder, upon the Executive ?s presentation to the Company of an itemized account of such expenditures, in accordance with Company practices.



7. Termination


a. Termination by the Executive . The Executive may terminate t ...