China Information Technology, Inc.: Exhibit 10.35 - Filed by
   newsfilecorp.com











Shenzhen





Employment Contract



(applicable to full-time employee)



 








Compiled by the Shenzhen Human Resource and Social Insurance Bureau








	Party A (Employer) 	Party B (Employee) 
	Name: China
      Information Technology, Inc 	Name:
      Li Gang 
	Address: 	Gender: Male 
	Legal
      Representative: 	ID or
      Passport NO.:711191260 
	Attention: 	Address 
	Tel: 	Tel: 13402011212 



According to the PRC Employment Law (the “Employment Law”), the PRC Employment Contract Law (the “Employment Contract Law”), Shenzhen Salary
Payment Regulation (the “Payment Regulation”) and relevant laws and regulations,
on the legal, fair and voluntary basis, upon the consistent negotiation and good
faith principle, the Parties entered into this Employment Contract (the
“Contract”) and will collectively comply with the terms and conditions as below:


	
I	
Term of the Contract 

	
	 	 


	 	1. 	The Parties agreed that
  the following item (i) will be applicable to the term of this Contract (the
  “Term”). 


(i). Fix-term Contract: the Term of this Contract is from
12December, 2011 to 11 December, 2014 

(ii). N/A 

(iii).N/A 

	 	2. 	The probation of this
  Contract is 3 months, calculating from 12 December, 2011 to 11 February, 2012.


	 	 
	II 	Position and Location 
	 	 
	 	
The position served by Party B is CFO and the location is
Shenzhen.

  


	 	 
	III 	Working time and Holidays 


	 	 	 
	 	1. 	The Parties agreed that
  the following item (i) will be applicable to the working time of Party B.


(i). Standard Working Time: 8 hours everyday (can not surpass 8
hours); 40 hours for a week (can not surpass 40 hours); at least one holiday for
a week. 

(ii). N/A 

(iii).N/A 

	 	1. 	The Parties agreed that
  the following item (i) will be applicable to the term of this Contract (the
  “Term”). 
	 	 	 
	 	2.	Party A is subject to
  the Article 41 under the Employment Law, provided that it intends to extend
  the working time in accordance with the production and business operation.
	 	 	 
	 	3.	Party B is eligible to
  the public holiday, annual leave, marriage leave, maternity leave and
  bereavement leave
	 	 	 
	 	4.	N/A


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IV 		
Remuneration

	
	 	 	 
		
1. 		
Party A shall develop the remuneration allocation mechanism in accordance with the laws and regulations and issue a notice to Party B regarding this. The remuneration paid by Party A to Party B shall no less than the current year
minimum remuneration declared and published by municipal government.

	
	 	 	 
		
2. 		
N/A

	
	 	 	 
		
3. 		
Party A will pay Party B the remuneration as of the 10th day of each month. Party A shall at least pay Party B the remuneration once in cash every month.

	
	 	 	 
		
4. 		
The overtime working compensation, public holiday and annual leave compensation and other compensation or remuneration for special situations shall be in accordance with relevant laws and regulations.

	
	 	 	 
		
5. 		
The miscellaneous for this section: The remuneration for Party B is RMB500,000 per year.

	
	 	 	 
	
V 		
Social Insurance and Employee Benefit

	
	 	 	 
		
1. 		
The Parties agree to contribute social insurance and housing provident fund according to the laws and regulations enacted by the nation, the province or the municipal.

	
	 	 	 
		
2. 		
In the event that Party B suffers from disease or non-work-related injury, Party A shall grant Party B the medical period and corresponding treatment in accordance with the laws and regulation enacted by the nation, the province
or the municipal.

	
	 	 	 
		
3. 		
In the event that Party B suffers from occupational disease or work injury, Party A shall implement the rules according to the PRC Occupational Disease Protection Law, Work Injury Insurance Regulation and other laws and
regulations.

	
	 	 	 
		
4. 		
N/A

	
	 	 	 
	
VI 		
Working Protection, Working Condition and Occupational Disease Protection

	
	 	 	 
		
1. 		
For the purpose of protecting Party B’s safety and health, Party A shall provide the working premises subject to national safety and hygiene standard, and necessary working protection.

	
	 	 	 
		
2. 		
Party A shall perfect the protection for female employee and the minors.

	
	 	 	 
		
3. 		
N/A

	
	 	 	 
		
4. 		
Party B is entitled to refuse the Party A’s management which against the laws and regulations as well as the enforced dangerous work. As to the behavior which may be harmful to Party B’s safety and health by Party A,
Party B is entitled to request Party A to correct such behavior or accuse to competent authorities.

	
	 	 	 
	
VII 		
Rules and Bylaws

	
	 	 	 
		
1. 		
Party A shall make the rules and bylaws according to the laws and regulations and issue a notice to Party B.

	



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2. 		
Party B shall properly and promptly complete the work and assignment, enhance the professional capacity, observe the safe working procedure and professional ethics in accordance with national, province and municipal laws and
regulations as well as the rules and bylaws made by Party A.

	
	 	 	 
		
3. 		
Party B shall observe the related national, province and municipal family planning policy.

	
	 	 	 
	
VIII 		
Alteration of the Contract

	
	 	 	 
		
Upon the collective agreement between the Parties, this Contract can be altered. The alteration of this Contract shall be in writing. Each Party will hold one counterpart of the revised Contract.

	



	
IX 		
The Termination and Ending of the Contract

	
	 	 	 
		
1. 		
Upon the agreement between the Parties, the Parties can terminate this Contract.

	
	 	 	 
		
2. 		
Party B may terminate this Contract upon 30 days’ prior written notice to Party A. During the probation period, Party B may terminate this Contract by giving Party A three days’ prior notice.

	
	 	 	 
		
3. 		
If Party A has the one of the following situations, Party B can notify Party A to terminate this Contract:

	



(i). Failure to provide the working protection or working conditions specified under this
Contract;




(ii). Failure to pay the remuneration fully and on time;




(iii).Failure to pay the social insurance for Party B in accordance with the law, and continue to do so beyond one month upon the requirement by Party B for the contribution of such social insurance;


(iv).Violation of rules and regulations, which is harmful to Party B’s rights and interests; 


(v). By means of deception or coercion, or taking advantage of the Party B’s difficulties, to cause Party B to conclude this Contract, or to make an amendment thereto, which is contrary to Party B’s true intent; 


(vi).Exclusion the liabilities of Party A, or deprivation Party B’s material rights, which results in the invalidity of this Contract; 


(vii). Violation of laws, regulations and mandatory rules, which results in the invalidity of this Contract; or 


(viii). Other situations according to which Party B can terminate this Contract.

	
 	
4. 		
If Party A uses violence, threats or unlawful restriction of personal freedom to compel Party B to work, or if Party B is instructed in violation of rules and regulations or peremptorily ordered by Party A to perform dangerous
operations which threaten his personal safety, Party B may terminate this Contract forthwith without giving prior notice to Party A.

	
	 	 	 
	
 	
5. 		
Party A can terminate this Contract, If Party B:

	
	 	 	 
	 		
(i). is proved during the probationary period not to satisfy the conditions for employment;

	



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(ii). materially breaches Party A’s rules and bylaws;


(iii).commits serious dereliction of duty or malpractices,
causing substantial damage to Party A;

(iv).has concurrently established another employment
relationship with any other third party which materially affects the completion
of his tasks with the Party A, or Party B refuses to rectify the matter after
the same is brought to his attention by Party A; 

(v). by means of deception or coercion, or taking advantage of
the Party A’s difficulties, causes Party A to conclude this Contract, or makes
an amendment thereto, which is contrary to Party A’s true intent; or

(vi).becomes a criminal offender in accordance with the award
of the courts. 

	 	6. 	
      Party A may terminate this Contract by giving the Party B
      30 days’ prior written notice, or one month’s remuneration in lieu of
      notice, except the situation provided by Article 42 under the Employment
      Contract Law, if:



(i). upon the provided medical period for disease or
      non-work injury, Party B can engage neither in his original work nor in
      other work arranged for him by Party A;

(ii). Party B is incompetent and remains incompetent after
training or adjustment of his position; or

(iii).A major change in the objective circumstances relied upon
at the time of conclusion of this Contract which has prejudice to the
performance of this Contract, and upon negotiation between the Parties, they are
unable to reach an agreement on amending this Contract.

	 	7. 	
      If any of the following circumstances makes it necessary
      to reduce the workforce by 20 persons or more or by a number of persons
      that is less than 20 but accounts for 10 percent or more of the total
      number of the enterprise’s employees, Party A may reduce the workforce
      upon it has explained the circumstances to its trade union or to all of
      its employees 30 days in advance, and has considered the opinions of the
      trade union or the employees and has subsequently reported the workforce
      redundancy plan to the human resource and labor protection department,
      except the situation provided by Article 42 under the Employment Contract
      Law:



(i) . Restructuring pursuant to the Enterprise Bankruptcy
      Law;

(ii) . Serious difficulties in production and/or business
      operations;

(iii) .Party A switches production, introduces a major
      technological innovation or revises its business method, and, after
      amendment of employment contracts, still needs to reduce its workforce;
      or

(iv) . Other major change in the objective economic
      circumstances relied upon at the time of conclusion of the employment
      contracts, rendering them unperformable.

	 	8. 	
      This Contract can be ended based upon the following
      circumstance:



(i) . The Term of this Contract expires;

(ii) . Party B has commenced drawing his basic retirement
      insurance pension in accordance with the law;

(iii) .Party B dies, or is declared dead or missing by a
      People’s Court;

 

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(iv).Party A is declared bankrupt;

(v). Party A has its business license revoked, is ordered to
close or is closed down, or Party A decides on early liquidation; or

(vi).Other circumstance specified in laws or administrative
statutes arises 

	X 	
      Economic Compensation

	 	 	 
		1. 	
      In any of the following circumstances, Party A shall pay
      Party B the economic compensation (i). This Contract is terminated upon
      the negotiation and agreement between the Parties and
by



(i). This Contract is terminated upon the negotiation and
agreement between the Parties and by Party A proposed to Party B pursuant to
Article 9, subsection 1 hereof;

(ii). This Contract is terminated by Party B pursuant to
      Article 9, subsection 3 or 4 hereof 

(iii).This Contract is terminated by Party A pursuant to
      Article 9, subsection 6 or 7 hereof; 

      (iv). This Contract is a fixed–term contract that ends
      pursuant to Article 9, subsection 8, item (i) hereof, unless Party B does
      not agree to renew the contract even though the conditions offered by
      Party A are the same as or better than those stipulated in the current
      contract;

      (v). This Contract is terminated pursuant to the Article
      9, subsection 8, item (iv) or (v) hereof; or 

       

      (vi). Other circumstances specified in laws or
      regulations. 

	 	2. 	
      In the event that this Contract is terminated or ended,
      the economic compensation shall be in accordance with the standard under
      the Employment Contract Law and relevant rules enacted by national,
      provincial and municipal authorities, and it shall be paid upon completion
      of the procedures for the handover of the work. 


 	  	
       

	XI 	
      Formalities for Termination and Ending of this
      Contract 

	  	
       

		
      In the event that this Contract is terminated or ended,
      Party B shall undertake the work handover procedures and otherwise. Party
      A shall issue a proof of termination or ending of this Contract, and
      within 15 days, carry out the procedures for the transfer of Party B’s
      file and social insurance account. Regarding the proof of termination or
      ending of this Contract, it shall explicitly provide the Term, date of
      termination or ending, position of this Contract and working length for
      Party A. 

	  	
       

	XII 	
      Dispute Resolution 

	  	
       

		
      In the event that any dispute arising between the
      Parties, it shall be resolved upon the negotiation and agreement between
      the Parties. If the Parties fail to reach an agreement upon the
      negotiation, they can request Party A’s trade union for resolution or
      submit such dispute for intermediation to Party A’s Employment Dispute
      Intermediation Committee ; or directly apply for arbitration to competent
      employment dispute arbitration committee. 



	 	
       
	XIII 	
      Other Agreement between the Parties

	 	 	 
		1. 	
      The working scope shall be covered by Party B includes
      China Information Technology, Inc. and all affiliated subsidiary
      thereof.



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		2. 	
      According to relevant employment laws and regulations,
      Party B voluntarily waive Party A’s contribution of social insurance
      (including retirement pension, medical insurance and housing provident
      fund and others), which will be replaced by RMB1000 insurance subsidy
      (individual income tax is exclude) paid by Party A to Party B, and Party B
      will buy himself the business insurance. Such insurance will be paid in
      paralleled with monthly remuneration.

	 	 	 
		3. 	
      Any rules and bylaws of Party A (including, but not
      limited to the administrative policy, recruitment handbook, employment and
      remuneration relationship administrative handbook, training policy,
      internal audit administrative policy, accounting handbook, non-disclosure
      agreement, safety rules) shall constitute the major appendixes of this
      Contract, which have the same validity with the terms and conditions under
      this Contract.

	 	 	 
		4. 	
      Party B has scrutinized, and shall voluntarily observe
      and implement all rules and bylaws of Party A.

	 	 	 
		5. 	
      Party B makes a commitment that the “Address” under this
      Contract is the valid address for serving any documents or materials of
      Party A, and Party B will give a written notice to Human Resource and
      Administration Department of Party A upon the address changed.

	 	 	 
		6. 	
      The probationary period can be extended provided that
      Party B asks accumulative more than 5 leaves on working days. If the
      leaves in probationary period asked by Party B is no more than 5 working
      days, the probationary period will comply with this Contract.

	 	 	 
		7. 	
      When the terms and conditions of this Contract need to be
      revised, Party B agrees to execute the Employment Contract Amendment as
      revision, replace or supplement of this Contract, which has the same
      validity with this Contract.

	 	 	 
		8. 	
      Any other employment contract executed by the Parties
      prior to this Contract will be automatically invalid upon the execution of
      this Contract; regarding any difference between this Contract and other
      agreements including, but not limited to the Confidential Agreement,
      Training Service Agreement and Non-competent Agreement, this Contract will
      prevail.

	 	 	 
	XIV 	
      Miscellaneous

	 	 	 
		1. 	
      If any matter which is not specified herein this Contract
      or runs afoul of applicable laws and regulations exists in this Contract,
      the laws and regulations will prevail.

	 	 	 
		2. 	
      This Contract will come into effect upon the execution or
      affixing seals by the Parties, however any alteration of the signature or
      unauthorized execution shall be deemed to be invalid.

	 	 	 
		3. 	
      This Contract has two counterparts which will be held by
      each party, respectively.


 



	Party A: China Information Technology, Inc (seal affixed)
    	Party B: Li Gang 
	 	 
	Legal Representative: 	/s/ Li Gang                                              
     
	 	 
	Date : 12 December, 2011 	Date: 12 December, 2011 


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