Exhibit 10.1
 
FIRST AMENDMENT TO EMPLOYMENT CONTRACT
 
THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (the “Amendment”), dated as of
January 14, 2011, by and between Hongwen Li (the “Employee”) and U.S. China
Mining Group, Inc., a Nevada corporation (the “Company”).
 
WHEREAS, the Employee and the Company previously entered into that certain
Employment Agreement dated as of August 15, 2008 (the “Employment Agreement”);
and
 
WHEREAS, the Employee and the Company desire to amend certain terms and
provisions of the Employment Agreement;
 
NOW, THEREFORE, for and in consideration of good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Employee and the
Company hereby agree to amend the Employment Agreement as follows:
 
1.           Effective as of January 1, 2011, Section 6(a) of the Employment
Agreement is hereby amended by deleting that section in its entirety and
replacing it with the following:
 
“(a)           Annual Salary.  Executive shall be entitled to receive an annual
salary of $200,000 (the “Annual Salary”), payable ratably in accordance with the
Company’s payroll schedule.”
 
2.           Except as specifically amended herein, the Employment Agreement
shall remain in full force and effect.
 
3.           This Amendment may be executed in one or more counterparts
(including by facsimile or other electronic transmission), each of which shall
for all purposes be deemed to be an original and all of which shall constitute
the same instrument.
 
(Signatures appear on following page)
 
 
 

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IN WITNESS WHEREOF, the parties hereto have executed this First Amendment
effective as of the date specified above.
 

  “EMPLOYEE”:                 /s/ Hongwen Li       Hongwen Li                
 “COMPANY”:      U.S China Mining Group, Inc.                 By:  
/s/ Hongwen Li 
    Name: 
 Hongwen Li
    Title:  
  Chief Executive Officer
 

 
 
 
 
 

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