WUHAN GENERAL GROUP (CHINA) INC.


Canglongdao Science Park of Wuhan East Lake
Hi-Tech Development Zone


Wuhan, Hubei 430200


People’s Republic of China


 


January 18, 2012


 


 


Dear Ms. Pan


 


Wuhan General Group (China)
Inc. (the “Company”) is pleased to offer you the position of Principal Accounting Officer (“PAO”) with
the Company and the employment agreement with the Company is subject to the following terms and conditions:


 


	1. 		Commencement Date is started at January 18, 2012; 



	2. 		Your monthly salary shall be USD5,000.00, and all reasonable out-of-pocket expenses
(including entertainment and travelling expense) incurred can be reimbursed after submitting of receipts & properly approved; 



	3. 		You will be entitled to 21 days annual leave in respect of each period of 12 consecutive
months’ service with the Company. 



 


The Company is also pleased
to inform you that you will be entitled to the benefits (including any discretionary management bonus to be decided) that the Company
customarily makes available to employees in positions comparable to yours and it will be recommended to the Board of Directors
(“the Board”) that you will be granted an option for the purchase of shares of the Company’s Common Stock from
time to time in sole discretion of the Board.


 


The Company requests that
a departing employee refrain from using or disclosing The Company’s confidential information in any manner which might be
detrimental to or conflict with the business interests of the Company or its employees. This Agreement does not prevent a former
employee from using his or her general knowledge and experience-no matter when or how gained-in any new field or position.


 






    	 



    	 



    
 


We hope that you and the
Company will find mutual satisfaction with your employment. All of us at the Company are very excited about your joining our team
and look forward to a beneficial and fruitful relationship. Nevertheless, employees have the right to terminate their employment
by giving the Company three months prior notice with or without cause or notice, and the Company reserves for itself an equal right.
We both agree that any dispute arising with respect to your employment, the termination of that employment, or a breach of any
covenant of good faith and fair dealing related to your employment, shall be conclusively settled by final and binding court in
PR China.


 


This letter contains the
entire agreement with respect to your employment. The terms of this offer may only be changed by written agreement, although the
Company may from time to time, in its sole discretion, adjust the salaries and benefits paid to you and its other employees. Should
you have any questions with regard to any of the items indicated above, please call me. Kindly indicate your consent to this employment
agreement by signing and returning a copy of this letter to me.


 


Your starting date for commencement
of employment will be January 18, 2012, unless otherwise mutually agreed in writing.



 


 


	Very truly yours,	 	ACCEPTED:
	 	 	 
	 	 	 
	 	 	 
	Mr. Ruilong Qi	 	Miss Pan, Li Carol
	Chief Executive Officer	 	Principal Accounting Officer
	Date:	 	Date: