Contract
      of Employment

    


    


    


    Party
      A (Employer) Name: Qingdao
      Renmin Printing Co.,
      Ltd.                       


    Registered
      Type:
      Limited
      Company                                   


    Address:
      No.15, Xinghua Road, Licang
      District            


    


    


    


    Party
      B (Employee) Name: Qi
      Ming                     Gender:
      Male                     

    Date
      of Birth:July
      22,
      1964                              


    ID
      Number: 370206196407220412                
      

    Address:
      401,
      Unit 3, Building 3, No.21, 1st
      Zhangzhou Road, South District, Qingdao City     


    


    


    


    Pursuant
      to Labor
      Law of the People’s Republic of China
      and
      existing labor regulations as well as relevant rules, the Employment Contract
      is
      hereby made by and between Party A and Party B on the basis of equality and
      self-volition and agreement through negotiation, so as to determine the labor
      relationship that bind both Parties.

    [Term
      of the Contract and Location]

    Article
      I
      Term of the contract shall be agreed by both Parties and the
      following
      (1)
mode
      will
      be adopted. 

    (1)
      With
      fixed term: From January 26, 2007 to December 31, 2010. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (2)
      Without fixed term: From _____ to the date agreed by both Parties to terminate
      the contract when the conditions for rescission or termination occur.


    (3)
      Within fixed time when certain amount of working task is finished: From_____
      to
      the date agreed by both Parties to terminate the contract when the work is
      completed. 

    Probation
      period regulated by both Parties is from_____ to______.

    Article
      2
      Location of the Contract Implementation:
      No.
      15 Xinghua Road. 

    [Job
      Description]

    Article
      3
      Based on the working requirements, Party A assigns Party B to engage the post
      of
management.
      

    Article
      4
      Party B shall obey the assignment of Party A and complete the task with the
      quality and quantity required by the post (profession). The task and
      responsibility of the exact post (profession) is as follows:

     

    
      

    

     

     

    
      

    

    
    

    Article
      5
      Party A shall verify the capability of Party B for the post (profession) by
      examination and assessment according to the post requirements. Party A may
      remove the post (profession) of Party B. In case of the change in production
      and
      business during valid period of the contract, the post (profession) of Party
      B
      can also be changed through negotiation by both Parties.

    [Labor
      Protection and Conditions]

    Article
      6
      Party A shall provide Party B with labor safety and health conditions in line
      with national, provincial and municipal regulations and with requisite labor
      protection articles. Party A shall establish and improve labor safety and health
      system and the operation regulations on safe production.

    Article
      7
      Party A shall make Party B clear about all possible vocational disease and
      consequence in the course of working: 

     

    Prevention
      measures for vocational disease:

     

    Treatment:                                                                                      
      Article
      8
      Both Party A and Party B shall strictly implement relevant national, provincial
      and municipal regulations on work-related injury and vocational disease report
      system. 

    During
      production (work), Party B shall strictly follow the safe production and
      operation regulations. When the managerial personnel of Party A instruct in
      breach of the regulation and force to take adventure in work, Party B has the
      right to refuse execution.

    Article
      9
      Party A shall implement special labor protection for female workers and
      premature workers.

    [Working
      Time and Day-off & Holidays]

    Article
      10 Party A arranges Party B to implement the working hour system in
      (1)
      .

    (1)
      Standard working hour system is executed: Daily working hours of Party B are
      below 8 hours and weekly working hours are below 40 hours.

    (2)
      Comprehensive calculated working hour system is executed: Average daily and
      weekly working hours shall not be more than that regulated by law.

    (3)
      Irregular working hour system is executed: While Party A’s task is finished,
      working time and days-off & holidays can be arranged through negotiation by
      both Parties.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    When
      (2)
      and (3) working system are implemented, approval of the labor administrative
      department above county level is required.

    Article
      11 Due to working requirements, Party A may extend the working hours after
      negotiation with Party B and the trade union. Extended time is generally below
      one hour a day. If working time needs to extend due to the work requirements,
      the extended time is generally below three hours a day and aggregately below
      36
      hours a month, while guarantee the health conditions of Party B. 

    Article
      12 In any of following cases, Party A shall pay Party B remuneration higher
      than
      normal wage.

    (1)
      If
      Party B is arranged to extend working hours in workday, Party A shall pay Party
      B a wage not less than 150% of normal wage;

    (2)
      If
      Party B is arranged to extend working hours in day-off, Party A shall arrange
      Party B to enjoy holiday of the equal working time or pay Party B a wage not
      less than 200% of normal wage;

    (3)
      If
      Party B is arranged to extend working hours in legal holiday or festival, Party
      A shall pay Party B a wage not less than 300% of normal wage. 

    Article
      13 Party A shall follow national, provincial and municipal regulations to ensure
      Party B’s right of taking rest. During the period of contract, Party B enjoys
      home visiting, marriage and funeral, family planning women’s workers labor
      protection and other paid holidays as per national, provincial and municipal
      regulations.

    [Labor
      Discipline]

    Article
      14 Party A shall follow national labor laws, regulations and rules and relevant
      policies and take into consideration about situation in the unit to formulate
      and improve various rules and regulations and labor discipline. Party B shall
      strictly follow Party A’s rules and regulations and labor discipline, obey Party
      A’s management and keep Party A’s business secrete.

    Article
      15 Party B shall abide by Personnel
      Management System
      and
Provisional
      Regulations of Management of Order of Work formulated
      by Party A based on relevant law.

    Article
      16 Provided Party B breaches Party A’s rules and regulations and labor
      discipline, Party A may make proper disposal as regulated by rules and
      regulations of the unit till the contract is terminated.

    [Labor
      Remuneration, Payment and Time]

    Article
      17 According to national, provincial and municipal regulations and situation
      in
      the unit, Party A shall abide by the principle of distribution as per actual
      labor and independently formulate wage distribution system of the enterprise
      and
      determine way of payment and wage standard of Party B. According to work post
      (profession) in the contract, the wage standard that Party A shall pay Party
      B
      is RMB 610/monthly
      (weekly).The
      standard shall include (content):

                                                                         ;
      

    exclude:                                                         
      .

    Article
      18 Party A shall pay wage to Party B on monthly (weekly or daily) basis. Party
      B
      shall provide normal service to Party A in legal working time or working hour
      stipulated in the contract. Party A shall pay Party B the monthly wage in the
      form of currency before 31st
      of each
      month.  

    Article
      19 Party A shall determine labor quota and piece price and conduct piecework
      wage according to scientific and reasonable principle. When Party B has finished
      task of piecework quota, Party A shall pay overtime wage according to
      regulations if Party A has assigned Party B to work beyond the working time
      of
      legal standard. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Article
      20 Party A shall build normal mechanism of adjusting wages. During
      implementation of the contract, Party A shall properly adjust Party B’s labor
      remuneration as per relevant national, provincial and municipal regulations
      and
      production and operation and Party B’s actual working performance. 

    Article
      21 Other condition about wage payment agreed by both Parties is:  

     

                                                                                                     
        [Insurance
      Benefit] 

    Article
      22 Both Party A and Party B shall participate in social insurance as per
      relevant national, provincial and municipal regulations. Party A shall follow
      relevant national, provincial and municipal regulations to pay for Party B
      the
      pension, unemployment, medical, work-related injury, maternity and other social
      insurances. Social insurance premium due from Party B shall be paid by Party
      A
      in advance.

    Article
      23 Provided Party B gets sick or non-work-related injury during the contract
      period, medial treatment and sick leave wage shall be paid according to relevant
      national, provincial and municipal regulations. 

    Article
      24 Treatment for the women workers during pregnant, maternity or breast feeding
      periods shall be implemented as per relevant national, provincial and municipal
      regulations. 

    Article
      25 Party A shall create conditions to improve benefit of collective and welfare
      treatment of employees.

    [Contract
      Modification, Termination and Economic Compensation]

    Article
      26 In case of the law, regulation or relevant policy on which the contract
      concluded undergoes change, the corresponding contents of the contract shall
      be
      modified.

    Article
      27 If objective situation for conclusion of the contract undergoes great change
      and make the contract hard to be implemented, relevant contract contents can
      be
      modified through negotiation by both Parties. Then both Parties shall conclude
      agreement for modification and obtain accreditation by the labor administration
      department and the agreement shall be rendered as attachment of the
      contract.

    Article
      28 After negotiation by both Parties, the contract can be terminated. If Party
      A
      proposes termination of the contract, Party B shall be provided with
      compensation subsidy as per relevant national, provincial and municipal
      regulations.

    Article
      29 In any of following cases, Party A may terminated the contract at any
      time.

    (1)
      Party
      B is proved incompetent for the post in the probation period; 

    (2)
      Party
      B seriously breaches labor discipline or Party A’s rules and
      regulations;

    (3)
      Party
      B has serious dereliction of duty and practiced graft causing serious damage
      to
      Party A;

    (4)
      Party
      B was put under labor reforming or prosecuted the criminal liability according
      to law; 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (5)
      Other
      cases regulated by laws and regulations.

    Article
      30 In any of following cases, Party A may terminate the contract, but shall
      notify Party B in written form 30 days in advance and then pay Party B economic
      compensation as per relevant national, provincial and municipal
      regulations:

    (1)
      Party
      B gets sick or non-work-related injury. After medical period, Party B still
      cannot be engaged in original work or other work Party A assigns;

    (2)
      Party
      B is incompetent for the work or still incompetent after training or adjustment
      of working post; 

    (3)
      Objective situation for conclusion of the contract undergoes great change and
      make the contract hard to be implemented. Modification agreement cannot be
      reached even after negotiation by both Parties.

    (4)
      Other
      cases regulated by laws and regulations.

    Article
      31 In any of following cases on the part of Party B, Party A shall not terminate
      the contract as per Article 30: 

    (1)
      Party
      B gets vocational disease or work-related injury and is determined by medial
      labor accreditation department as losing or partially losing labor force;


    (2)
      Party
      B gets sick or non-work-related injury and is in the regulated medical
      period;

    (3)
      Woman
      work in line with family planning policy in pregnant, maternity and breast
      feeding period; 

    (4)
      Other
      cases regulated by laws and regulations.

    If
      term
      of contract expires in case of (2) or (3), the contract shall be extended to
      the
      expiration of the medical period or the breast feeding period.

    Article
      32 If terminating the contract, Party B shall give written notice to Party
      A in
      written form 30 days in advance. 

    Article
      33 In any of following cases, Party B may notify Party A to terminate the
      contract at any time:

    (1)
      During probation period; 

    (2)
      Party
      A uses force, threat or illegal limit of freedom to oblige labor; 

    (3)
      Party
      A fails to pay labor remuneration as regulated by the contract;

    (4)
      Party
      A fails to handle social insurance for Party B as per relevant national,
      provincial and municipal regulations.

    (5)
      Party
      A refuses to handle social insurance for Party B.

    (6)
      Party
      A paid Party B labor wage that is lower than the minimal wage standard
      stipulated by local government. 

    (7)
      Other
      cases regulated by laws and regulations.

    If
      contract is terminated as per (2), (3) and (7) of the article, Party A shall
      pay
      Party B economic compensation as per relevant regulations.

    Article
      34 In any of following cases, the contract can not be terminated by Party B:
      

    (1)
      After
      special training funded by Party A, Party B falls short of service term required
      by of Training
      Agreement
      or the
      contract;

    (2)
      Party
      B undertakes key national scientific research project or Party A’s scientific
      research project has not finished;

    (3)
      Other
      cases regulated by laws and regulations.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Article
      35 In any of following cases, the contract will be terminated
      immediately:

    (1)
      The
      contract expires; 

    (2)
      Party
      B retires at the legal age for retirement or dies; 

    (3)
      Conditions regulated by the contract for termination occur;

    (4)
      Other
      cases regulated by laws and regulations.

    [Breaching
      Liabilities]

    Article
      36 In case of termination as per Article 29 and Article 32, Party A will not
      grant the economic compensation.

    Article
      37 In case one of the Parties breaches national regulation and regulation of
      the
      contract, the Party who breaches the contract shall pay the breaching penalty
      to
      the other Party as per term of failure to implement the contract (months)
      multiplied by 80% ((the maximum is less than 100%) of average monthly wage
      income during six months before termination of the contract.

    Article
      38 Both Parties shall conclude special agreement concerning funded training,
      keeping of business secrete, etc., as attachment to the contract.

    [Labor
      Dispute Settlement]

    Article
      39 For any dispute arising from implementation of the contract, any party may
      apply for mediation at the labor dispute committee of the unit. If the
      medication fails within 30 days, application for arbitration shall be made
      to
      the labor dispute arbitration committee at the place where Party A located
      within 60 days after the dispute occurs. If either party is not convinced by
      the
      arbitration award, lawsuit can be lodged at the people’s court at the place
      where Party A located within 15 days after receiving the arbitration
      award.

    Article
      40 In the contract, if relevant treatment of Party B is lower than the standard
      regulated by Party A’s collective contract, the collective contract shall
      prevail.

    Article
      41 The contract shall be written by pen or brush. Alteration or signing in
      agency without legal authorization will be invalid. 

    Article
      42 The contract goes into duplicates and come into force with the signing of
      both Parties. After certification of the labor administrative department, each
      party shall hold one copy, with the same legal effect.

     

    


    


    [Miscellanies
      to be Agreed by Both Parties]

    


    Blank
      below. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Party
      A:
      (Seal)                            
Party B: (Signature) Qi Ming

     

    


    Legal
      representative: (Signature)

    (Entrusted
      agent)

     

    


    Contract
      Signed on: January 26,
      2007            Contract
      Signed on: January 26, 2007