Unassociated Document


    Contract No.: 28001


    


    Labor
Contract

    


    Party A (Employer): Rise
King Century Technology Development (Beijing) Co., Ltd.

     

    Party B (Employee): CHENG
Handong

     

    Date of Signing: April 1,
2009

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    


    Party A:
Rise King Century Technology Development (Beijing) Co., Ltd.

    Address:
No.3 Min Zhuang Road, Building 6, Yu Quan Hui Gu Tuspark, Haidian District,
Beijing.

    Legal
Representative: ZHANG Zhige

    


    Party
B: CHENG Handong (employee)

    Resident
ID No.: 422201197101291310

    Place of
Household Registration: Xiaogan City, Hubei Province

    Contact
Telephone No.: 13801099982

    


    Pursuant to the need for business
development, Party A employs Party B to work for Party A (the “Company”). Both
parties hereby, pursuant to the Labor Law and other relevant statutes and
regulations, on the basis of equality and voluntariness, and through
consultation and consensus, enter into this contract and agree as
follows:

    


    
      	
              I.

            	
              Term
      of the Contract

            


    

    


    
      	
              Article
      1.

            	
              Being
      unanimously agreed by both parties, the term of this Contract adopts the
      _2nd_ type from the
      following:

            


    

    


    
      	
              1.  

            	
              Fixed
      term of ______ years, from year___ month___ date___ to year___ month
      ___ date___ (not including Probation Period);

            
	 	 


    

    
      	
              2.  

            	
              Non-fixed
      term;

            
	 	 


    

    
      	
              3.  

            	
              Upon
      the completion of certain duties.

            


    

    


    
      	
              II.

            	
              Job
      Title and Duties

            


    

    


    
      
        	
                Article
      2.

              	
                Party
      A, pursuant to its work needs, employs Party B to assume the Position of
      Chairman of the
      Board at the Department of Management .
      Based on the job requirements and Party B’s performance, Party A has the
      right to promote or adjust Party B’s affiliated department and job title.
      Without valid reasons, Party B may not refuse such job change or
      re-arrangement by Party A. Party B shall fulfill all duties of the
      re-arranged post and accept the adjusted salary subject to the
      position/salary adjustment
sheet.

              


      

    

    


    
      	
              Article
      3.

            	
              Following
      Party A’s requirements, Party B shall complete the number of work hours
      and tasks by the required quality standards, and shall take good care of
      his/her own office supplies and the facilities of the working
      area.

            


    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

       

    

    
      	
              III.

            	
              Work
      Schedule, Rests and Vacations

            


    

    


    
      	
              Article
      4. 

            	
              Pursuant
      to the relevant state regulations, Party A implements a work schedule of
      5 work
      days per week, not exceeding 44 work-hours per week
    ;

            


    

    


    
      	
              Article
      5. 

            	
              Party
      A may arrange Party B to extend its work hours or to work overtime
      due to the business needs;

            


    

    


    
      	
              Article
      6. 

            	
              Party
      A shall protect Party B’s right to rest; Party B is entitled to days of
      rest, holidays, wedding leave, funeral leave, and maternity
      leave.

            


    

    


    
      
        	
                IV. 

              	
                Labor
      Compensation

              


      

    

    


    
      
        	
                Article
      7.

              	
                According
      to the Company’s principle of compensation and method of evaluation, and
      based on Party B’s performance and achievement, Party A determines the
      salary level and distribution method for Party B. Based on its
      performance, job position and the Company’s operation situation, Party B’s
      salary may be adjusted accordingly by the Company, which shall not be
      lower than the minimum salary level required by the local government.
      Party B is liable for its salary and individual income taxes, which Party
      A is responsible to withhold or
collect.

              


      

    

    


    
      	
               
      

            	
              Employee
      salary compensation is confidential information of the Company. Employees
      are responsible for keeping such information confidential, and no one is
      allowed to disclose it to others. If a disclosing act is identified, the
      Company reserves the right to investigate this act for liability,
      including economic penalty (up to the total sum of the Employee’s salary
      of 12 previous months) and
dismissal.

            


    

    


    
      
        	
                Article
      8.

              	
                In
      the event Party A arranges Party B to extend its work hours or to work
      overtime, this must be done in accordance with the Employee Handbook of
      the Company.

              


      

    

    


    
      
        	
                V.

              	
                Insurances
      and Benefits

              


      

    

    


    
      
        	
                Article
      9.

              	
                Within
      the term of the contract, Party A shall take out employee-related “medical
      insurance”, “old-age insurance”, “unemployment insurance” and “working
      safety insurance” for Party B, pursuant to the relevant state regulations.
      For Party B’s social labor insurance,  Party A will withhold the
      portion assumed by the Employee from its
salary.

              


      

    

    


    
      
        	
                Article 10.

              	
                 Within
      the term of the contract, Party B is also entitled to some relevant
      benefits provided in the Employee
Handbook.

              


      

    

    


    
      
        	
                Article
      11.

              	
                In
      the event Party B contracts occupational disease or is injured at work, it
      shall be handled in accordance with the relevant regulations of the state
      and Beijing governments.

              


      

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

       

    

    
      
        	
                Article
      12.

              	
                In
      the event Party B is sick or injured by non-work accidents, the resulting
      medical treatment period(s) shall be defined in accordance with the
      relevant regulations of the state and Beijing governments, except for
      situations resulting from Party B’s self-harming acts, after-work illness
      and injuries, or injuries caused by its violation of the state laws and
      statutes.

              


      

    

    


    
      
        	
                Article
      13.

              	
                In
      the event Party B had become ill before employed and was not satisfying
      the health condition required by Party A for the job,  but
      concealed its medical history, Party B is solely responsible for all the
      resulting costs and fees.

              


      

    

     

    
      
        	
                VI.

              	
                Rights
      and Obligations of Both
Parties

              


      

    

    


    
      
        	
                Article
      14

              	
                Rights
      of Party A

              


      

    

    


    
      	
              1.  

            	
              Pursuant
      to the relevant laws, statutes, and policies, Party A is entitled to
      establish, and to monitor the implementation of, various rules and
      regulation for the Company in order to regulate Party B’s behaviors. If
      Party B violates the rules and regulations of the Company, Party B has the
      right to penalize.

            


    

    


    
      	
              2.  

            	
              Party
      A shall provide education and training  to Party B; and
      according to job duties, check and urge Party B in completing the given
      tasks.

            


    

    


    
      	
              3.  

            	
              Within
      the term of the contract, depending on the work demand, Party A has the
      right to adjust or change Party B’s job
  position.

            


    

    


    
      	
              Article
      15

            	
              Obligations
      of Party A

            


    

    


    
      	
              1.  

            	
              Party
      A must operate or develop its business in accordance with the laws and
      statutes of People’s Republic of
China;

            


    

    


    
      	
              2.  

            	
              Party
      A must, pursuant to the state laws and statutes, establish rules and
      regulations for the Company; and provide Party B with training with regard
      to law-abiding, professional virtue and technical
  skills;

            


    

    


    
      	
              3.  

            	
              Party
      A must provide necessary working environment, condition, equipment and
      tools to Party B.

            


    

    


    
      	
              Article
      16.

            	
              Rights
      of Party B

            


    

    


    
      	
              1.  

            	
              Party
      B is entitled to the labor protection, insurances and vacations provided
      by Party A according to law;

            


    

    


    
      	
              2.  

            	
              Party
      B is entitled to receive labor compensation, bonus, and allowance
      according to relevant provisions;

            


    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      	
              3.  

            	
              Within
      the term of the contract, if there is a dispute between both parties,
      Party B has the right to apply for mediation, arbitration or resort to
      litigation.

            


    

    


    
      	
              Article
      17.

            	
              Obligations
      of Party B

            


    

    


    
      	
              1.  

            	
              Party
      B must comply with the laws and statutes of People’s Republic of China,
      the rules and regulations of the Company, and the labor
      disciplines;

            
	 	 


    

    
      	
              2.  

            	
              Party
      B shall bring its own computer when working at the Company, and ensure
      that all the software programs installed on the computer are legal and
      authorized. Any disputes, controversies and their associated legal
      responsibilities lie solely with Party
B.

            


    

    


    
      	
              3.  

            	
              Within
      the term of the contract or within the first year after this contract was
      terminated, Party B must keep confidential the Company’s business secrets
      and is not allowed to use or let others use such information, or to
      disclose to others any information concerning Party A’s technology and
      operation; nor allowed to work for another employer by engaging in any job
      that competes with the Company’s business. The “others”
      includes:

            


    

    


    1)
Personnel internal to Party A who is not permitted but use such
information;

    


    2)
Personnel external to Party A who use such information without the Company’s
written consent;

    


    
      	
              4. 

            	
              Within
      the first year after the contract is terminated, Party B may not contact
      for any commercial purpose, or provide to a third party information about,
      clients or entities with which Party B was acquainted during its
      employment with Party A;

            


    

    


    
      	
              5.

            	
              When
      leaving its position, Party B shall do its own job well for the handover;
      and shall turn all the records, notebooks and all materials in connection
      with Party B’s work, including photocopies, computer software, etc., over
      to Party A.

            


    

    


    
      	
              VII. 

            	
              Liability
      for Breach

            


    

    


    
      	
              Article
      18.  

            	
              Within
      the term of the contract, any of the following acts by Party B constitutes
      a breach:

            


    

    


    
      	
              1.  

            	
              Unilaterally
      dissolves the contract without
notice;

            


    

    


    
      	
              2.  

            	
              Violates
      Party A’s labor disciplines or operation
rules;

            


    

    


    
      	
              3.  

            	
              Operates
      the same business of its own; or works for other in-competition employers
      who operates the same business as Party
A;

            


    

    


    
      	
              4.  

            	
              Discloses
      the business secrets of the
Company;

            


    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    
      	
              5.  

            	
              Conducts
      other acts violating this labor
contract.

            


    

    


    In the
event Party B is found to be guilty of any above acts, Party A is entitled to
suspend Party B’s salary, while requiring Party B to be responsible for all the
losses and damages.

    


    
      	
              Article
      19.

            	
              Amendments
      to Labor Contract

            


    

    


    Under the
following circumstances, both parties may make amendments to the related
provisions of the labor contract herein:

    


    
      	
              1.  

            	
              In
      the event Party A switches to other production or changes operation
      tasks;

            


    

    


    
      	
              2.  

            	
              Over
      matters on which both parties agree through consultation and
      consensus;

            


    

    


    
      	
              3.  

            	
              In
      the event the related statutes or policies have been revised or
      repealed.

            


    

    


    
      	
              Article
      20.

            	
              Renewal
      of Labor Contract

            


    

    


    Closing
to the expiration date of this contract, depending on Party A’s work demand or
Party B’s request, both parties may renew the labor contract based on
consultation and agreement. The contract party of either side shall announce its
intent of such to the other within 30 days before the contract is expired. If
both parties are not able to reach an agreement on the renewal, the labor
contract will terminate naturally upon the expiration of this
contract.

    


    
      	
              Article
      21 

            	
              Termination
      of Labor Contract

            


    

    


    
      	
              1.  

            	
              The
      execution of this contract will be terminated upon the expiration of the
      contract or the completion of the tasks/duties prescribed
      herein;

            


    

    


    
      	
              2.  

            	
              The
      performance of this contract is impossible due to Force
      Majeure;

            


    

    


    
      	
              3.  

            	
              In
      the event Party A, after being confirmed by certain government agencies,
      has closed its business, shut down its joint venture, announced
      bankruptcy, or entered into the legal rectification period for being on
      the verge of bankruptcy.

            


    

    


    
      	
              Article
      22

            	
              Dissolution
      of Labor Contract

            


    

    


    
      	
              1.  

            	
              Upon
      consultation and consensus of both parties, this contract may be
      dissolved;

            


    

    


    
      	
              2.  

            	
              In
      the event Party B submits an written notification to Party A 30 days in
      advance, this contract may be
dissolved;

            


    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    
      	
              3.  

            	
              Upon
      the occurrence of any of the following, Party A may dissolve the
      contract:

            


    

    


    1) Party
B’s serious violation the labor disciplines or Party A’s rules and regulations;
dereliction of duty; or fraud that causes material damages to the Company’s
interests;

    


    2) Party
B’s entering into labor relationship with other employer in the same period,
seriously affecting its performance of the Company’s duties or tasks; or Party
B’s refusal to correct the faults at Party A’s request.

    


    3)  Party
B deceives or swindles Party A into signing or changing the labor contract
against its true intention.

    


    4) Within
the term of employment, Party B discloses information concerning Party A’s
technology or business operation.

    


    5) Party
B is being prosecuted in accordance with the law.

    


    
      	
              4. 

            	
              Upon
      the occurrence of any of the following, the labor contract may be
      dissolved after Party A gives a written notification to Party B 30 days in
      advance, or pays Party B salary for one additional
  month:

            


    

    


    1) Party
B becomes ill or suffers non-work related injury; and, after the required
medical treatment period, still unable to perform its original work or other
work re-arranged by Party A;

    


    2) Party
B is not competent for its work, and after receiving training or being
re-assigned, is still not competent for its work;

    


    3) The
objective circumstances under which the labor contracted was executed have
undergone material changes, rendering the original contract impossible to be
fulfilled; and both parties are unable to reach agreement on the amendment of
the contract after consultation.

    


    
      	
              5.

            	
              If
      any of the following happens to Party B, Party A may not dissolve this
      contract in accordance with Item 4 above (under Article
    22):

            


    

    


    1) Party
B is engaged in operations that carry risks of contracting occupational disease
and has not received physical health checkup before leaving post, or is
suspected to be an occupational disease patient under diagnosis or medical
observation.

    


    2) Party
B has contracted occupational disease while employed by Party A, or was injured
during work and determined to have lost or partially lost his ability to
work.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    3) Party
B is sick or suffers non-work related injury but is within the required
treatment period.

    


    4) Party
B is a female employee during pregnancy, labor and nursing period;

    


    5) Party
B has worked consecutively for 15 years in the Company and is less than 5 years
from legal retirement age;

    


    6) Other
circumstances provided by law and administrative statutes.

    


    
      	
              IX. 

            	
              Resolution
      of Labor Disputes

            


    

    


    
      	
              Article
      23

            	
              In
      the event a dispute arises between both parties in the course of
      fulfilling this contract, the concerned parties shall submit a request to
      the Labor Dispute Mediation Committee for mediation; If such mediation
      proves ineffectual and one of the parties resorts to arbitration, the
      party shall submit a written request for arbitration to the tribunal Labor
      Dispute Arbitration Committee within 60 days from the occurrence of the
      dispute; if refusing to accept the arbitration judgment, the concerned
      party may file a lawsuit case to the local people’s
  court.

            


    

    


    
      	
              X. 

            	
              Other
      Matters Agreed by Both Parties

            


    

    


    
      	
              XI. 

            	
              Misc.

            


    

    


    
      	
              Article
      24

            	
              Other
      matters not covered herein shall be handled in accordance with the current
      state laws, statues and regulations and the Company’s Employee Handbook,
      or  be resolved through consultation of both
      parties.

            


    

    


    
      	
              Article
      25

            	
              This
      contract is in duplicates, with one to each
  party.

            


    

    


    Party A
(Seal): Rise King Century Technology Development (Beijing) Co., Ltd. (seal print
present)

    Legal
Representative (Signature/Seal):  ZHANG Zhige (signature
present)

    Date of
Execution: April 1, 2009

    


    Party B
(Signature/Seal): CHENG Handong (signature present)

    Date of
Execution: April 1, 2009

     

    
      
        
        

      

      
        8