exv10w8






Exhibit 10.8




(Directors)




DUOYUAN PRINTING, INC.

2009 OMNIBUS INCENTIVE PLAN




RESTRICTED STOCK UNIT AGREEMENT



Duoyuan Printing, Inc., a Wyoming corporation (the “Company”), hereby grants restricted
stock units relating to its shares of common stock, $0.001 par value (the “Stock”), to the
individual named below as the Grantee, subject to the vesting conditions set forth in the
attachment. Additional terms and conditions of the grant are set forth in this cover sheet, in the
attachment and in the Company’s 2009 Omnibus Incentive Plan (the “Plan”).




Grant Date: _____________ ___, 200__




	 	 	 	 	 	 	 
	Name of Grantee:

	 	 
	 	State of Residence:
	 	 






Grantee’s Social Security Number: ___-___-___




Number of Restricted Stock Units (RSUs) Covered by Grant:                     




Vesting Start Date:                     




Vesting Schedule:




	 	 	 	 	 
	 	 	Number of RSUs that vest, as
	 	 	a fraction of the number of
	Vesting Date	 	RSUs granted
	[The 1 year anniversary of the Vesting Start Date
	 	1/4	 	 
	The 2 year anniversary of the Vesting Start Date
	 	1/4	 	 
	The 3 year anniversary of the Vesting Start Date
	 	1/4	 	 
	The 4 year anniversary of the Vesting Start Date
	 	1/4]	 	 






     By signing this cover sheet, you agree to all of the terms and conditions described in this
Agreement and in the Plan, a copy of which is also attached. You acknowledge that you have
carefully reviewed the Plan, and agree that the Plan will control in the event any provision of
this Agreement should appear to be inconsistent with the Plan. Certain capitalized terms used in
this Agreement are defined in the Plan, and have the meaning set forth in the Plan.





	 	 	 	 	 	 	 
	Grantee:
	 	 	 	 	 	 
	 	 	 	 	 
	 	 	(Signature)
	 	 
	 
	 	 	 	 	 	 
	Company:
	 	 	 	 	 	 
	 	 	 	 	 
	 	 	(Signature)
	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 
	 	 








Attachment




This is not a stock certificate or a negotiable instrument.



 









 





DUOYUAN PRINTING, INC.

2009 OMNIBUS INCENTIVE PLAN




RESTRICTED STOCK UNIT AGREEMENT




	 	 	 
	Restricted Stock Unit Transferability

	 	This grant is an award of stock
units in the number of units set
forth on the cover sheet,
subject to the vesting
conditions described below
(“Restricted Stock Units”).
Your Restricted Stock Units may
not be transferred, assigned,
pledged or hypothecated, whether
by operation of law or
otherwise, nor may the
Restricted Stock Units be made
subject to execution, attachment
or similar process.
	 
	 	 
	Definitions

	 	Capitalized terms not defined in
this Agreement are defined in
the Plan, and have the meaning
set forth in the Plan.
	 
	 	 
	Vesting

	 	Your Restricted Stock Unit grant
vests as to the number of Stock
Units indicated in the vesting
schedule on the cover sheet, on
the Vesting Dates shown on the
cover sheet, provided you are in
Service on the Vesting Date and
meet the applicable vesting
requirements set forth on the
cover sheet. No additional
Stock Units will vest after your
Service has terminated for any
reason.
	 
	 	 
	Delivery of Shares

	 	Delivery of vested shares of
Stock will be made within three
(3) days of the applicable
anniversary of the Vesting Date;
provided, that, if such Vesting
Date occurs during a period in
which you are (i) subject to a
lock-up agreement restricting
your ability to sell Stock in
the open market or (ii) are
restricted from selling Stock in
the open market because a
trading window is not available,
delivery of such vested shares
will be delayed until the date
immediately following the
expiration of the lock-up
agreement or the opening of a
trading window but in no event
beyond 21/2 months after the end
of the calendar year in which
the shares would have been
otherwise delivered; and
provided further that you have
been continuously in Service to
the Company or a Subsidiary from
the Grant Date until the Vesting
Date. The resulting aggregate
number of vested shares of Stock
will be rounded to the nearest
whole number, and you cannot
vest in more than the number of
shares covered by this grant..
	 
	 	 
	Forfeiture of Unvested Units

	 	In the event that your Service
terminates for any reason, you
will forfeit to the Company all
of the Restricted Stock Units






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	 	that have not yet vested or with
respect to which all applicable
restrictions and conditions have
not lapsed.
	 
	 	 
	Death

	 	If your Service terminates
because of your death, then you
will forfeit to the Company all
of the Restricted Stock Units
that have not yet vested or with
respect to which all applicable
restrictions and conditions have
not lapsed.
	 
	 	 
	Disability

	 	If your Service terminates
because of your Disability, then
you will forfeit to the Company
all of the Restricted Stock
Units that have not yet vested
or with respect to which all
applicable restrictions and
conditions have not lapsed.
	 
	 	 
	Corporate Transaction

	 	Notwithstanding the vesting
schedule set forth above, upon
the consummation of a Corporate
Transaction, this award will
become 100% vested if it is not
assumed, or equivalent awards
are not substituted for the
award, by the Company or its
successor. Notwithstanding any
other provision in this
Agreement, if assumed or
substituted for, the award will
expire one year after the date
of termination of Service.
	 
	 	 
	Retention Rights

	 	This Agreement does not give you
the right to be retained by the
Company (or any Affiliates) in
any capacity. The Company (and
any Affiliate) reserve the right
to terminate your Service at any
time and for any reason.
	 
	 	 
	Shareholder Rights

	 	You do not have any of the
rights of a shareholder with
respect to the Restricted Stock
Units unless and until the Stock
relating to the Restricted Stock
Units has been transferred to
you. In the event of a cash
dividend on outstanding Stock,
you will be entitled to receive
a cash payment for each
Restricted Stock Unit. The
Company may in its sole
discretion require that
dividends will be reinvested in
additional stock units at Fair
Market Value on the dividend
payment date, subject to vesting
and delivered at the same time
as the Restricted Stock Unit.
	 
	 	 
	Forfeiture of Rights

	 	If you should take actions in
competition with the Company,
the Company shall have the right
to cause a forfeiture of your
unvested Restricted Stock Units,
and with respect to those shares
of Restricted Stock Units
vesting during the period
commencing twelve (12) months
prior to your termination of
Service with the Company due to
taking actions in competition
with the Company, the right to
cause a forfeiture of those
vested shares of Stock.






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	 	Unless otherwise specified in an
agreement between the Company
and you, you take actions in
competition with the Company if
you directly or indirectly, own,
manage, operate, join or
control, or participate in the
ownership, management, operation
or control of, or are a
proprietor, director, officer,
stockholder, member, partner or
an employee or agent of, or a
consultant to any business,
firm, corporation, partnership
or other entity which competes
with any business in which the
Company or any of its Affiliates
is engaged during your
relationship with the Company or
its Affiliates or at the time of
your termination of Service.
	 
	 	 
	 

	 	If it is ever determined by the
Board that your actions have
constituted wrongdoing that
contributed to any material
misstatement or omission from
any report or statement filed by
the Company with the U.S.
Securities and Exchange
Commission, gross misconduct,
breach of fiduciary duty to the
Company, or fraud, then the
Restricted Stock Units shall be
immediately forfeited; provided,
however, that if the Restricted
Stock Units has vested within
two years prior to the Board of
Directors determination, you
shall be required to pay to the
Company an amount equal to the
aggregate value of the shares
acquired upon such vesting at
the date of the Board
determination.
	 
	 	 
	Adjustments

	 	In the event of a stock split, a
stock dividend or a similar
change in the Stock, the number
of Restricted Stock Units
covered by this grant will be
adjusted (and rounded down to
the nearest whole number) in
accordance with the terms of the
Plan.
	 
	 	 
	Applicable Law

	 	This Agreement will be
interpreted and enforced under
the laws of the state of
Wyoming, other than any
conflicts or choice of law rule
or principle that might
otherwise refer construction or
interpretation of this Agreement
to the substantive law of
another jurisdiction.
	 
	 	 
	Data Privacy

	 	In order to administer the Plan,
the Company may process personal
data about you. Such data
includes, but is not limited to
the information provided in this
Agreement and any changes
thereto, other appropriate
personal and financial data
about you such as home address
and business addresses and other
contact information, payroll
information and any other
information that might be deemed
appropriate by the Company to
facilitate the administration of
the Plan.
	 
	 	 
	 

	 	By accepting these Restricted
Stock Units, you give explicit
consent to the Company to
process any such personal data.






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	 	You also give explicit consent
to the Company to transfer any
such personal data outside the
country in which you work,
including, with respect to
non-U.S. resident grantees, to
the United States, to
transferees who shall include
the Company and other persons
who are designated by the
Company to administer the Plan.
	 
	 	 
	Consent to Electronic Delivery

	 	The Company may choose to
deliver certain statutory
materials relating to the Plan
in electronic form. By
accepting this grant you agree
that the Company may deliver the
Plan prospectus and the
Company’s annual report to you
in an electronic format. If at
any time you would prefer to
receive paper copies of these
documents, as you are entitled
to receive, the Company would be
pleased to provide copies.
Please contact [          ] at [          ] to request paper copies of
these documents.
	 
	 	 
	Electronic Signature

	 	All references to signatures and
delivery of documents in this
Agreement can be satisfied by
procedures the Company has
established or may establish for
an electronic signature system
for delivery and acceptance of
any such documents, including
this Agreement. Your electronic
signature is the same as, and
shall have the same force and
effect as, your manual
signature. Any such procedures
and delivery may be effected by
a third party engaged by the
Company to provide
administrative services related
to the Plan.
	 
	 	 
	The Plan

	 	The text of the Plan is
incorporated in this Agreement
by reference.
	 
	 	 
	 

	 	This Agreement and the Plan
constitute the entire
understanding between you and
the Company regarding this grant
of Restricted Stock Units. Any
prior agreements, commitments or
negotiations concerning this
grant are superseded.






     By signing the cover sheet of this Agreement, you agree to all of the terms and
conditions described above and in the Plan.




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