Longhai Steel Inc.: Exhibit 10.11 - Filed by newsfilecorp.com






Exhibit 10.11

No. ____________

EMPLOYMENT AGREEMENT

Employer: Xingtai Longhai Steel Wire Co. Ltd 

Employee: Wang Chaojun 

Neiqiu Bureau of Labor and Social Security 




Employer Name: Xingtai Longhai Steel Wire Co. Ltd

                
Address: No. 1 Jingguang Road, Neiqiu

                
Corporate representative: Wang Chaojun

                
Contact No.: 0319-6888801

                
Post Code: 054200 

Employee Name: Wang Chaojun

                
Residential Address: No. 33-34 New Caihua Road, Qiaodong District,
Xingtai
                
ID card No.: 130502195507260912

                
Contact No.: 13503194077

                
Post Code: 054000 

This Contract is signed on a mutuality voluntary basis by and
between the following Employer and Employee in accordance with The Labor Law
of People’s Republic of China and Law of The
People’s Republic of China on Employment Contracts. 

1. Term of the Contract: 

The term of this contract is for unlimited years and
shall commence on 08,26,2008, and shall continue until statutory
termination conditions occur. The Employee shall undergo a probationary period
of 0 months. 

2. Job Description 

The Employer agrees to employ Mr. Wang Chaojun (name) as
CEO (job title), located in Neiqiu,Xingtai (office location and
city). 

3. Remuneration of Labor 

a. The salary of the Employee shall be monthly paid by the
Employer in accordance with applicable laws and regulations of P.R.C. It shall
be paid by legal tender and not less than the standard minimum salary in
Xingtai. 

b. The salary of the Employee is RMB$20,000 per month in
the probationary period and RMB$20,000 after the probationary period.


c. If the delay or default of salary takes place, the Employer
shall pay the economic compensation except the salary itself in accordance with
the relevant laws and regulations. 

4. Working Hours & Rest & Vocation 

a. The normal working hours of the Employee shall be eight
hours each day, excluding meals and rest for an average of five days per week,
for an average of forty hours per week. 

b. The Employee is entitled to all legal holidays and other
paid leaves of absence in accordance with the laws and regulations of the PRC
and the company’s work rules. 

c. The Employer may extend working hours due to the
requirements of its production or business after consultation with the trade union and the
Employee ,but the extended working hour for a day shall generally not exceed one
hour; If such extension is called for due to special reasons, the extended hours
shall not exceed three hours a day. However, the total extension in a month
shall not exceed thirty-six hours. 




5. Social Security & Welfare 

a. The Employer will pay for all mandatory social security
programs such pension insurance, unemployment insurance, medical insurance of
the Employee according to the relevant government and city regulations. 

b. During the period of the Contract, the Employee’s welfare
shall be implemented accordance with the laws and relevant regulations of P.R.C.


6. Working Protection & Working Conditions 

a. The Employer should provide the Employee with occupational
safety and health conditions conforming to the provisions of the State and
necessary articles of labor protection to guarantee the safety and health during
the working process. 

b. The Employer should provide the Employee with safety
education and technique training; The Employee to be engaged in specialized
operations should receive specialized training and acquire qualifications for
such special operations. 

c. The Employee should strictly abide by the rules of safe
operation in the process of their work. 

7. Labour Discipline 

a. The Employer may draft bylaws and labor disciplines of the
Company, According to which, the Employer shall have the right to give rewards
or take disciplinary actions to the Employee; 

b. The Employee shall comply with the management directions of
the Employer and obey the bylaws and labor disciplines of the Employer. 

c. The Employee shall undertake the obligation to keep and not
to disclose the trade secret for the Employer during the period of this
Contract; this obligation of confidentiality shall survive the termination of
this Contract for a period of two (2) years. 

8. Termination, Modification, Renew and Discharge of the
Contract 

a. The relevant clauses of the Contract may be modified by the
parties: 

i. The specific clause is required to be modified by the
parties through consultation; ii. Due to the force majeure, the Contract cannot be executed; 

iii. The relevant laws and regulations have been modified or
abolished by the time of signing the Contract. 

b. The Contract may be automatically terminated:

i. This Contract is not renewed at the expiration of this
Contract; 




ii. The Employer is legally announced to be bankruptcy,
dismissed, or canceled; 

iii. The death of the Employee occurs; 

iv. The force majeure takes place; 

v. The conditions of termination agreed in the Contract by the
parties arise. 

c. The Contract may be renewed at the expiration through
consultation by the parties with the fulfillment of the procedure within 15 days
to the expiration; 

d. The Contract may be discharged through consultation by the
parties; 

e. The Contract may be discharged by the Employer with
immediate effect and the Employee will not be compensated: 

i. The Employee does not meet the job requirements during the
probationary period; 

ii. The Employee seriously violates disciplines or bylaws of
the Employer; 

iii. The Employee seriously neglects his duty, engages in
malpractice for selfish ends and brings significant loss to the Employer; 

iv. The Employee is being punished by physical labor for its
misfeasance 

v. The Employee is being charged with criminal offences: 

f. The Contract may be terminated by the Employer by giving
notice in written form 30(thirty) days in advance: 

i. The Employee fails ill or is injured to (other than due to
work) and after completion of medical treatment, is not able to perform his
previous function or any other function the Employer assigns to him; 

ii. The Employee does not show satisfactory performance and
after training and adjusting measures is still not able to perform
satisfactorily; 

iii. The circumstances have materially changed from the date
this Contract was signed to the extent that it is impossible to execute the
Contract provided, however, that the parties cannot reach an agreement to amend
the contract to reflect the changed circumstances. 

iv. The Employer is being consolidated in the legal
consolidation period on the brink of bankruptcy or the situation of business is
seriously in trouble, under such condition, it is required to reduce the
employee.(in legal procedure) 

g. The Employee shall not be dismissed: 

i. The Contract has neither expired nor conformed to 8.d,
8.e,8.f,8.g; 

ii. The Employee is ill with occupational disease or injured
due to work and has been authenticated fully or partly disabled by the Labor
Authentication Commission in Neiqiu County, Xingtai. 

iii. The Employee is ill or injured (other than due to work)
and is within the period of medical leave provided for by applicable PRC law and
regulations and Company policy; 

iv. The Employee is woman who is pregnant, on maternity leave,
or nursing a baby under one year of age; or 

iii. The applicable PRC laws and regulations otherwise prohibit
the termination of this Contract. 




h. The Contract may be discharged by the Employee by giving
notice in written form 30(thirty) days in advance. However, the Employee may
inform the Employer to discharge the Contract at random under the following
occasions: 

i. The Employee is still in the probationary period; 

ii. The Employer force the Employee to work by violence, duress
or illegal restriction to physical freedom; 

iii. The Employer does not pay the remuneration of the Employee
accordance with the relevant clause in the Contract; 

iv. The Employer violates the relevant regulations of State or
Tianjin for its terrible safe and health condition, which is harmful to the
Employee’s health. 

I. The Contract cannot be terminated by the Employee before the
expiration if not conforming to 8.d, 8.h, 

j. The Employer shall pay the economic compensation to the
Employer if the Contract is terminated conforming to 8.d, 8.f, and 8.h.i-8.h.iv.
Additional fee for medical allowance should be paid to the Employee if the
Contract is terminated conforming to 8.f.i. 

9. Breach Liabilities 

a. Due to either party’s fault, if breaching the Contract, that
party shall undertake the breach liability according to the extent to the
performance of the Contract; if the parties both breach the Contract; they shall
undertake its separate liability according to the concrete situation. 

b. Due to either party’s fault, if breaching the Contract to
damage the other party. The damage should be compensated by the faulty party
accordance with the relevant laws and regulations of PRC. 

c. Due to the force majeure, causing the non-performance or the
damages to either party, the other party may not undertake the breach liability;


d. The Employee wants to resign and has received training
provided by the Employer, the Employee shall compensate for the training cost.


10. Labor Disputes 

Where a labor dispute between the parties takes place during
the performance of this Contract, the parties concerned may seek for a
settlement through consultation; or either party may apply to the labor dispute
mediation committee of their unit for mediation; if the mediation fails and one
of the parties requests for arbitration, that party may apply to the labor
dispute arbitration committee for arbitration. Either party may also directly
apply to the labor dispute arbitration committee for arbitration within 60 days
starting from the date of the occurrence of a labor dispute. If one of the
parties is not satisfied with the adjudication of arbitration, the party may
bring the case to a people's court within 15 days of the date of receiving the
ruling of arbitration 




11.The verification of this
Contract shall be made in Neiqiu Labor Bureau, Xingtai within 30 days after
being signed by the parties. 

	Employer: (official stamp) 	Employee: Wang Cahojun 
	Representative: Wang Chaojun 	Date: 26,08,2008 
	Date: 26,08,2008