Document:

Exhibit 10.2

     

    SHARE AND WARRANT
CANCELLATION AGREEMENT

     

    THIS
SHARE AND WARRANT CANCELLATION AGREEMENT (this “Agreement”) is made
and entered into as of this 15th day of January, 2010, by and between SRKP 22,
Inc., a Delaware corporation (“SRKP 22”), and the
stockholders of SRKP 22, as set forth on Schedule I attached
hereto (such stockholders are collectively referred to herein as the “Stockholders”).  Capitalized
terms used herein and not otherwise defined herein shall have the meanings
ascribed to them in the Exchange Agreement (as hereinafter
defined).

     

    RECITALS

     

    WHEREAS,
SRKP 22 entered into a Share Exchange Agreement on October 20, 2009, as amended
on November 25, 2009 and January 15,, 2010 (the “Exchange Agreement”),
with China Intelligent Electronic Holding Limited, a British Virgin Islands
Corporation (“China
Intelligent”) and the sole shareholder of China Intelligent, Li Xuemei
("Xuemei"), a
copy of which is attached hereto as Exhibit
A;

    

    WHEREAS,
pursuant to the terms of the Exchange Agreement, and as a condition to the
completion of the transactions contemplated by the Exchange Agreement, SRKP 22
agreed to enter into an agreement with the Stockholders to cancel (i) an
aggregate of 4,260,390 shares of SRKP 22 common stock held by such Stockholders
(the “Shares”),
as such Shares are more particularly set forth on Schedule I attached
hereto, and (ii) an aggregate of 5,515,682 warrants to purchase shares of SRKP
22 common stock held by such Stockholders (the “Warrants”), as such
Warrants are more particularly set forth on Schedule II attached
hereto; and

    

    WHEREAS,
the Stockholders acknowledge that they would benefit from the completion of the
transactions contemplated by the Exchange Agreement.

    

    NOW,
THEREFORE, for and in consideration of the execution and delivery of the
Exchange Agreement, and the payment of good and valuable consideration pursuant
to the Exchange Agreement, the receipt and sufficiency of which is hereby
acknowledged, SRKP 22 and the Stockholders, each intending to be legally bound
by this Agreement, hereby agree as follows:

    

    AGREEMENT

    

    1.  DUTIES

     

    1.1  Rights and Obligations of
the Parties.  The parties shall be entitled to such rights and
shall perform such duties as set forth herein.  In the event that the
terms of this Agreement conflict in any way with the provisions of the Exchange
Agreement, the Exchange Agreement shall control.

     

    1.2 Cancellation of Shares and
Warrants.  On the Closing Date of the Exchange Agreement, the
Shares and the Warrants shall be deemed automatically cancelled.  The
Stockholders agree to execute any and all documents, including, but not limited
to, stock powers for the stock certificates representing the Shares, as SRKP 22
reasonably determines necessary to effect the cancellation of the Shares and the
Warrants pursuant to the terms of this Agreement.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    2.  DIVIDENDS; VOTING RIGHTS;
STOCK SPLITS

     

    2.1  Cash Dividends; Voting
Rights.  Prior to the Closing of the Exchange Agreement, the
Stockholders shall have rights to cash or stock dividends with respect to the
Shares and the Warrants, if any, and have rights to vote their respective
Shares, if any such matter requiring stockholder approval shall
arise.

    

    2.2  Stock Splits; Stock
Dividends.  In the event of any stock split or other similar
transaction with respect to SRKP 22 common stock that becomes effective prior to
the Closing of the Exchange Agreement, the additional shares or warrants issued
with respect to the Shares or the Warrants shall be similarly
cancelled.

     

    3.  MISCELLANEOUS

     

    3.1  Transferability.  None
of the rights and obligations of the Stockholders hereunder shall be
transferable.

     

    3.2  Notices.  Any
notices or other communications required or permitted under this Agreement shall
be in writing and shall be sufficiently given if sent by (i) registered or
certified mail, postage prepaid, addressed as follows, (ii) facsimile to the
facsimile numbers identified below or (iii) overnight courier (such as UPS or
FedEx), addressed as follows:

     

    If to
SRKP 22:

     

    SRKP 22,
Inc.

    4737
North Ocean Drive, Suite 207

    Lauderdale
by the Sea, FL 33308

    Attention:
Richard Rappaport

    Telecopy
No.:  (310) 843-9304

    

    If to the
Stockholders:

    

    to the
address set forth next to the name of each of the Stockholders in Schedule
I

    

    or such
other person or address as shall be furnished in writing by any of the parties
and any such notice or communication shall be deemed to have been given as of
the date so mailed.

     

    3.3  Construction.  The
validity, enforcement and construction of this Agreement shall be governed by
the laws of the State of Delaware, regardless of the laws that might otherwise
govern under applicable principles of conflicts of laws thereof.

     

    3.4  Binding
Effect.  This Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective heirs, legatees, assigns and
transferees, as the case may be.

     

    3.5  Severability.  If
any provision or section of this Agreement is determined to be void or otherwise
unenforceable, it shall not affect the validity or enforceability of any other
provisions of this Agreement which shall remain enforceable in accordance with
their terms.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    3.6  Interpretation.  The
headings and subheadings contained in this Agreement are for reference only and
for the benefit of the parties and shall not be considered in the interpretation
or construction of this Agreement.  This Agreement shall be construed
and interpreted without regard to any rule or presumption requiring that it be
construed or interpreted against the party causing it to be
drafted.

     

    3.7  Execution in
Counterparts.  This Agreement may be executed in any number of
counterparts (including facsimile counterparts), each of which shall be deemed
to be an original, but all of which together shall constitute one and the same
instrument.

     

    3.8  Amendments.  This
Agreement may be amended from time to time but only by written agreement signed
by all of the parties hereto.

     

    3.9 Entire
Agreement. This Agreement
constitutes the entire understanding and agreement of the parties relating to
the subject matter hereof and supersedes any and all prior understandings,
agreements, negotiations and discussions, both written and oral, between the
parties hereto with respect to the subject matter hereof.

     

    [Signatures
appear on following page]

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

    IN
WITNESS WHEREOF, the parties have executed this Share and Warrant Cancellation
Agreement as of the day and year first above written.

    

    
      
        
          	
                  SRKP
      22, INC.

                	 
      
	 
      	 
      	 
      
	
                  By:

                	
                  /s/  Richard
      Rappaport

                	 
      
	
                  Name:   Richard
      Rappaport

                	 
      
	
                  Title:     President

                	 
      

        

      

    

    

    
      
        	
                STOCKHOLDERS

              	 
      	 
      
	 
      	 
      	 
      
	
                /s/  Debbie
      Schwartzberg

              	 
      	
                /s/  Anthony
      Pintsopoulos

              
	
                Debbie
      Schwartzberg

              	 
      	
                Anthony
      Pintsopoulos

              
	 
      	 
      	 
      
	
                /s/  Debbie
      Schwartzberg

              	 
      	
                /s/  Richard
      Rappaport

              
	
                The
      Julie Schwartzberg Trust dated 2/9/2000

              	 
      	
                Amanda
      Rappaport Trust

              
	
                By:  Debbie
      Schwartzberg

              	 
      	
                By:  Richard
      Rappaport

              
	
                Its:  Trustee

              	 
      	
                Its:
      Trustee

              
	 
      	 
      	 
      
	
                Debbie Schwartzberg

              	 
      	
                Richard Rappaport

              
	
                The
      David N. Sterling Trust dated 2/3/2000

              	 
      	
                Kailey
      Rappaport Trust

              
	
                By:  Debbie
      Schwartzberg

              	 
      	
                By:  Richard
      Rappaport

              
	
                Its:  Trustee

              	 
      	
                Its:
      Trustee

              
	 
      	 
      	 
      
	
                /s/  Janine
Frisco

              	 
      	
                /s/  Kevin
    DePrimio

              
	
                Janine
      Frisco

              	 
      	
                Kevin
      DePrimio

              
	 
      	 
      	 
      
	
                /s/  Richard
      Rappaport

              	 
      	
                /s/  Jason
  Stern

              
	
                WestPark
      Capital Financial Services, LLC

              	 
      	
                Jason
      Stern

              
	
                By:  Richard
      Rappaport

              	 
      	 
      
	
                Its:  Chief
      Executive Officer

              	 
      	 
      
	 
      	 
      	 
      
	
                /s/  Richard
      Rappaport

              	 
      	 
      
	
                Richard
      Rappaport

              	 
      	 
      

      

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    Schedule
I

    

    Stockholders
of SRKP 22, Inc.

    

    
      
        
          
            	             	
                    
                      Stockholder

                    

                  	 	 	
                    
                      Shares to be

                      cancelled per the

                      terms of this

                      Agreement

                    

                  	 	 	
                    
                      Pre-Closing Shares

                    

                  	 	 	
                    
                      Post-Closing Shares

                    

                  	 
	
                    1.

                  	
                    Debbie
      Schwartzberg

                    785
      5th Avenue, Apt 10C

                    New
      York, NY 10022

                  	 	 	 	741,277	 	 	 	1,000,000	 	 	 	258,723	 
	 
      	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    2.

                  	
                    Janine
      Frisco

                    200
      Oceangate, Suite 1500

                    Long
      Beach, CA 90802-4302

                  	 	 	 	184,114	 	 	 	248,374	 	 	 	64,260	 
	 
      	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    3.

                  	
                    WestPark
      Capital Financial Services, LLC

                    1900
      Avenue of the Stars, Suite 310

                    Los
      Angeles, CA 90067

                  	 	 	 	1,056,287	 	 	 	2,773,979	 	 	 	1,717,692	 
	 
      	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    4.

                  	
                    Richard
      Rappaport

                    1900
      Avenue of the Stars, Suite 310

                    Los
      Angeles, CA 90067

                  	 	 	 	841,661	 	 	 	1,135,420	 	 	 	293,759	 
	 
      	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    5.

                  	
                    Anthony
      Pintsopoulos

                    c/o
      SRKP 22, Inc.

                    4737
      North Ocean Drive, Suite 207

                    Lauderdale
      by the Sea, FL 33308

                  	 	 	 	526,039	 	 	 	709,639	 	 	 	183,600	 
	 
      	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    6.

                  	
                    Amanda
      Rappaport Trust

                    1900
      Avenue of the Stars, Suite 310

                    Los
      Angeles, CA 90067

                  	 	 	 	236,718	 	 	 	319,338	 	 	 	82,620	 
	 
      	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    7.

                  	
                    Kailey
      Rappaport Trust

                    1900
      Avenue of the Stars, Suite 310

                    Los
      Angeles, CA 90067

                  	 	 	 	236,718	 	 	 	319,338	 	 	 	82,620	 
	 
      	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    8.

                  	
                    Kevin
      DePrimio

                    1900
      Avenue of the Stars, Suite 310

                    Los
      Angeles, CA 90067

                  	 	 	 	184,114	 	 	 	248,374	 	 	 	64,260	 
	 
      	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    9.

                  	
                    Jason
      Stern

                    1900
      Avenue of the Stars, Suite 310

                    Los
      Angeles, CA 90067

                  	 	 	 	105,206	 	 	 	141,928	 	 	 	36,722	 
	 
      	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    10.

                  	
                    The
      Julie Schwartzberg Trust dated 2/9/2000

                    785
      5th Avenue, Apt 10C

                    New
      York, NY 10022

                  	 	 	 	74,128	 	 	 	100,000	 	 	 	25,872	 
	 
      	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    11.

                  	
                    The
      David N. Sterling Trust dated 2/3/2000

                    785
      5th Avenue, Apt 10C

                    New
      York, NY 10022

                  	 	 	 	74,128	 	 	 	100,000	 	 	 	25,872	 
	 
      	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
      	 
      	 	 	 	4,260,390	 	 	 	7,096,390	 	 	 	2,836,000	 

          

        

      

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    Schedule
II

    

    Warrantholders
of SRKP 22, Inc.

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            	            
      	
                                    Warrantholder

                                  	 	 	
                                    Warrants to be

                                    cancelled per the terms

                                    of this Agreement

                                  	 	 	
                                    Pre-Closing

                                    Warrants

                                  	 	 	
                                    Post-Closing Warrants

                                  	 
	
                                    1.

                                  	
                                    Debbie
      Schwartzberg

                                    785
      5th Avenue, Apt 10C

                                    New
      York, NY 10022

                                  	 	 	 	918,169	 	 	 	1,000,000	 	 	 	81,831	 
	 
      	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                                    2.

                                  	
                                    Janine
      Frisco

                                    200
      Oceangate, Suite 1500

                                    Long
      Beach, CA 90802-4302

                                  	 	 	 	228,049	 	 	 	248,374	 	 	 	20,325	 
	 
      	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                                    3.

                                  	
                                    WestPark
      Financial Services, LLC

                                    1900
      Avenue of the Stars, Suite 310

                                    Los
      Angeles, CA 90067

                                  	 	 	 	1,546,980	 	 	 	2,773,979	 	 	 	1,226,999	 
	 
      	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                                    4.

                                  	
                                    Richard
      Rappaport

                                    1900
      Avenue of the Stars, Suite 310

                                    Los
      Angeles, CA 90067

                                  	 	 	 	1,042,507	 	 	 	1,135,420	 	 	 	92,913	 
	 
      	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                                    5.

                                  	
                                    Anthony
      Pintsopoulos

                                    c/o
      SRKP 22, Inc.

                                    4737
      North Ocean Drive, Suite 207

                                    Lauderdale
      by the Sea, FL 33308

                                  	 	 	 	651,568	 	 	 	709,639	 	 	 	58,071	 
	 
      	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                                    6.

                                  	
                                    Amanda
      Rappaport Trust

                                    1900
      Avenue of the Stars, Suite 310

                                    Los
      Angeles, CA 90067

                                  	 	 	 	293,206	 	 	 	319,338	 	 	 	26,132	 
	 
      	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                                    7.

                                  	
                                    Kailey
      Rappaport Trust

                                    1900
      Avenue of the Stars, Suite 310

                                    Los
      Angeles, CA 90067

                                  	 	 	 	293,206	 	 	 	319,338	 	 	 	26,132	 
	 
      	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                                    8.

                                  	
                                    Kevin
      DePrimio

                                    1900
      Avenue of the Stars, Suite 310

                                    Los
      Angeles, CA 90067

                                  	 	 	 	228,049	 	 	 	248,374	 	 	 	20,325	 
	 
      	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                                    9.

                                  	
                                    Jason
      Stern

                                    1900
      Avenue of the Stars, Suite 310

                                    Los
      Angeles, CA 90067

                                  	 	 	 	130,314	 	 	 	141,928	 	 	 	11,614	 
	 
      	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                                    10.

                                  	
                                    The
      Julie Schwartzberg Trust dated 2/9/2000

                                    785
      5th Avenue, Apt 10C

                                    New
      York, NY 10022

                                  	 	 	 	91,817	 	 	 	100,000	 	 	 	8,183	 
	 
      	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                                    11.

                                  	
                                    The
      David N. Sterling Trust dated 2/3/2000

                                    785
      5th Avenue, Apt 10C

                                    New
      York, NY 10022

                                  	 	 	 	91,817	 	 	 	100,000	 	 	 	8,183	 
	 
      	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
      	 
      	 	 	 	5,515,682	 	 	 	7,096,390	 	 	 	1,580,708	 

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    

      
        
           

        

        
          6Exhibit 10.3

     

    Form
of

    

    Guangdong
Province

    

    Labor
Contract

    

    Produced
by Guangdong Labor and Social Security Department

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Party A
(Employer):

    Name:
Hyundai Light & Electric (HZ) Co., Ltd.

    Legal
Representative (Principle): Li Xuemei

    Location
(Address): No. 29-31, Huanshi West Road, Shuikou Town, Huizhou

    
      Form of
Entity:

    

    Contact
Telephone: 0752-2323666

    

    Party B
(Employee):

    Name:

    ID
Number:

    Address:

    Contact
Telephone:

     

    Both
Party A and Party B, in accordance with the applicable provisions of the Labor
Law of the People’s Republic of China, the Labor Contract Law of the People’s
Republic of China, and national and provincial provisions, reach this Contract
under the principles of legitimacy, equity, equality, free will, consensus,
honesty and creditability.

     

    I.
Period of Labor Contract

    (I)
Contract Period

    Both
parties agree to set out the Contract period according to the first method
described below:

    1. Fixed
term: from January 1,
20      to December 31,
20      .

    2.
Non-fixed term: from ____ (Date) until the occurrence of the conditions of
legitimate termination.

    3. Term
of completion of certain work: from                         
 until the completion of ___________________ work, whose
completion is marked by                                                                                                   .

    (II)
Probationary Period

    Both
parties agree to set out the probationary period (included in the Contract
period) according to the       
 methods described below:

    1. No
probationary period.

    2.
Probationary period begins from ____ (Date) and ends on ____
(Date).

    (The
probationary period shall not exceed one month for the labor contract whose term
is more than three months but less than one year; and the probationary period
shall not exceed two months for the labor contract whose term is more than one
year but less than three years; and the probationary period shall not exceed six
months for the labor contract with a fixed term of more than three years or with
a non-fixed term.)

    
      
         

      

      
        - 1
-

        
          

        

      

      
         

      

    

     

    II.
Work Description and Work Location

    (I) The
work department of Party B is                                     
; at the post (Management/technical post or production/operating post) of
_______________, with the duty (or job) of                               
.

    (II) The
task or responsibility of Party B is                                                                
.

    (III)
This department and job                            
 (may or may not) be exposed to an occupational disease
hazard.

    (IV) The
work location of Party B is                        
.

    (V) Party
A shall, in the event of adjusting the work post of Party B or sending Party B
to other places not specified in the Contract to work within the Contract
period, due to the production and operation demand or other reasons, reach
agreement with Party B and proceed with the changes of this Contract. In this
case, both parties shall sign an agreement incorporated as the appendix of this
Contract.

     

    III.
Working Hours, Vacation and Leave

    (I) Party
A and Party B agree to set out the working time of Party B according to the
                            
 method described below:

    1. System
of standard working hours: working for ___ hours a day, ___ days a week; and
off-duty at least one day a week.

    2. System
of Unfixed Working Hours: Upon approval from the Labor and Security Department,
the post of Party B will implement the system of unfixed working
hours.

    3.
Comprehensive system of working hours: Upon approval from by the Labor and
Security Department, the post of Party B shall implement a comprehensive system
of working hours at the cycle of __ and with the total ___ hours of
working.

    (II) As
production (work) entails, Party A may extend the working hours after
negotiation with the Trade Unit and Party B. Except for the circumstance as
specified in Article 42 of the Labor Law, extended working hours generally
should not exceed one hour per day; in special cases, the longest extended hours
should not exceed three hours per day or thirty-six hours per
month.

    (III)
Party A shall provide Party B with statutory holidays, annual leave, wedding
leave, leave for arranging of funeral, home leave, maternity leave, nursing
leave, and other paid leaves according to the provisions and pay a salary
according to the salary standard as specified in this Contract.

     

    IV.
Labor Compensation

    (I) The
salary of Party B for regular working hours shall follow the (first) method
described below and shall not be lower than the minimum local salary
standard.

    1. Salary
calculated according to basic working hours:

    (1) The
wage of Party B at regular working hours shall follow [illegible] at the
standard of    
RMB          
 /month (RMB __ /hour).

    
      
         

      

      
        - 2
-

        
          

        

      

      
         

      

    

    

    (2) The
wage of Party B during the probationary period shall be RMB ___ /month (the wage
during the probationary period shall not be lower than the wage of the lowest
level for similar posts at Party A or 80% of the wage agreed in this Contract,
and shall not be lower than the lowest local salary standard of Party
A).

    2. Salary
calculated per piece of work:

    (1) The
price per unit of work shall be ___________;

    (2) Labor
Norm:  (The labor norm
set out shall be able to be completed by more than 70% of the laborers at the
same post in the same work unit within the statutory working
hours);

    3. Other
forms: (such as annual pay or pay based on an assessment cycle)
________________.

    (II) The
method for calculating the performance salary or bonus for Party B shall be
_________________________________.

    (III)
Salary must be paid in cash rather than in kind objects or monetary
securities.

    (IV)
Party A shall pay the salary of         
 (current month/last month) on          
 of each month. In case of holidays or vacation, the salary shall be
paid in advance by the nearest workday.

    (V) If
Party A arranges Party B to extend the working hours or overtime work on an
off-duty day or statutory holidays, Party A shall make overtime pay in
accordance with the provisions in the Labor Contract and the Regulations of
Guangdong Province on Payment of Salary, except when Party B is given time off
for overtime work performed on off-duty days.

     

    V.
Social Insurance and Welfare

    (I)
During the Contract period, Party A, according to the applicable provisions of
the state, provincial and local government, shall provide Party B with social
insurances such as pension insurance, medical insurance, unemployment insurance,
workmen’s compensation and maternity insurance, etc. Party A shall also pay the
social insurance premium payable by Party A according to the payment basis and
payment ratio, and, according to the provisions, withhold the social insurance
premium payable by Party B from their salary. Party A shall inform Party B of
its handling of the procedures for social insurance on behalf of Party B as well
as withholding social insurance premium from Party B.

    (II) In
case of illnesses or job-related injuries contracted by Party B, Party A shall,
according to the national and local provisions, provide a period of time for
medical treatment, reimburse medical expenses according to medical insurance and
other related provisions, and pay a sick leave salary or disease relief within
the specified period of medical treatment.

    
      
         

      

      
        - 3
-

        
          

        

      

      
         

      

    

    VI.
Labor Protection, Labor Conditions, and Occupational Hazard
Protection

    (I) Party
A shall, in accordance with the national and provincial labor protection rules,
provide a working place at a national labor safety and hygiene standard, so as
to protect Party B’s safety and health during production or work. Should there
be an occupational disease hazard during the working procedures of Party B,
Party A shall truthfully inform Party B and protect Party B’s health and any
relevant rights according to the Law of Prevention and Treatment of Occupational
Disease.

    (II) In
accordance with the national rules, Party A shall, with reference to the working
position of Party B, dispense with all necessary labor protection devices.
Further, according to the rules of labor protection, Party A shall be
responsible for arranging Party B to have a medical examination every
______  (year/quarter/month).

    (III)
Party A shall effectively conduct the labor protection and health care for
female employees according to related provisions of the national, provincial,
and local governments.

    (IV)
Party B has the right to refuse to obey any instructions that violate rules and
regulations as well as any risk adverse operations forcefully ordered by Party
A. Party B also has the right to critique and report to the relevant departments
when Party A and its management personnel disregard Party B’s safety of life and
health.

    (V)
Should Party B contract occupational diseases, work-related injuries or die
because of work, Party A shall proceed according to the provisions of the
Regulations on Industrial Injury Insurance.

     

    VII.
Changes of Contract

    (I)
Either party may request a change of contents to this Contract, provided the
other party shall be notified of such changes in writing.

    (II) Upon
the agreement of both parties through negotiation, this Contract may be changed
and the changes shall be made in writing. Both parties shall keep one copy each
of the modified labor Contract.

     

    VIII.
Revocation and Termination of Contract

    (I)
Revocation

    1. After
negotiation and mutual agreement between the two parties, this Contract can be
revoked. If this Contract is revoked by Party A, pecuniary compensation shall be
paid to Party B according to the relevant regulations.

    2. Party
A can revoke this Contract unilaterally under any one of following
conditions:

    (1) Party
B’s performance is proved to be unsatisfactory during the probationary
period;

    
      
         

      

      
        - 4
-

        
          

        

      

      
         

      

    

    

    (2) Party
B is in serious breach of the regulations of Party A;

    (3) Party
B is grossly negligent in carrying out duties, or engaged in malpractices for
private interests, and causes significant loss to Party A;

    (4) Party
B establishes a labor relationship with another employer concurrently that
negatively affects the performance of Party A’s assignment, or refuses to make
corrections upon Party A’s request;

    (5) Party
B, by way of fraud or threats or otherwise taking advantage, makes Party A
establish or change the labor contract against its real intention and causes the
contract or agreement of change to be rendered invalid;

    (6) Party
B is in breach of national and provincial birth control laws or
regulations;

    (7) Party
B is liable and responsible to the government due to criminal
wrongdoings;

    (8) Party
B contracts a disease or non-work related injury, so that he/she can neither
fulfill his/her original job under this Contract nor take up any other new job
arranged by Party A after treatment;

    (9) Party
B is incompetent in the work, and after training or adjusting the post, still
remains incompetent;

    (10) This
Contract is unenforceable if there is material change of objective circumstances
under this Contract, and no mutual agreement can be reached between Party A and
Party B after negotiation.

    

    Party A can revoke this Contract
pursuant to above sub-clauses (8), (9) and (10), by serving a prior 30-day
written notice to Party B and shall proceed to the procedures for revocation of
this Contract after the notice period. Party A shall pay pecuniary compensation
to Party B in accordance with the regulations. Further, should this Contract be
revoked pursuant to sub-clause (8), Party A shall also pay the medical subsidy
fee to Party B.

    3. In any
of the following circumstances, Party A may downsize and pay pecuniary
compensation according to provisions after performing specific
procedures:

    (1) Party
A conducts restructuring according to the provisions of Corporate Bankruptcy
Law;

    (2) Party
A experiences severe difficulties in production and operation;

    (3) Party
A changes products, conducts significant technical renovation or adjusts
operating methods;

    (4)
Significant changes to other objective economic conditions upon which the labor
contract was made have caused the Contract to be unperformable.

    4. Party
B can revoke this Agreement by serving a written notice, 30 days in advance, to
Party A. During the probationary period, a 3-day advance notice shall be
provided to Party A.

    
      
         

      

      
        - 5
-

        
          

        

      

      
         

      

    

    

    Nevertheless,
in any of the following circumstances, Party B may revoke this Contract and
Party A shall pay pecuniary compensation according to provisions:

    (1) Party
A fails to provide labor protection or labor conditions according to the
provisions of the labor Contract;

    (2) Party
A fails to pay sufficient labor compensation in a timely manner;

    (3) Party
A fails to pay social insurance premiums on behalf of Party B according to the
law;

    (4) The
rules and regulations of Party A violate the provisions of laws and regulations
and damage the rights and interests of Party B;

    (5) Party
A, by way of fraud, threat or otherwise taking advantage, makes Party B
establish or change the labor contract against his/her real intention and causes
the contract or agreement of changes to be rendered invalid;

    (6) Party
A causes the Contract to be rendered invalid by exempting itself from its legal
responsibilities and excluding the rights and interests of Party B;

    (7) Party
A, in violating laws, administrative regulations, and compulsory regulations,
causes the contract, the appendix to the contract or supplementary agreements
and documents with the same legal effect as the contract to be
invalid;

    (8) Party
A forces Party B to work by means of violence, threat, or illegally restricting
personal freedoms or instructs by violating rules and regulations, forcefully
ordering risk-adverse operations to endanger the personal safety of Party
B;

    (9) Other
circumstances in which Party B may revoke the labor contract pursuant to the
provisions of laws and administrative regulations.

    In case
of the circumstance specified in item (8) above made by Party A, Party B may
revoke the labor contract immediately without giving written notice to the
employer.

    5. In any
of the following circumstances, Party A may not revoke the Contract pursuant to
the provisions in Article 40 and Article 41 of the Labor Contract
Law:

    (1) Party
B engages in operations that cause contact with occupational diseases, without
receiving occupational health examinations before leaving the post, or has
suspected occupational diseases and is under diagnosis or medical
observation;

    (2) Party
B suffers from occupational disease in Party A’s unit or work-related injury and
is confirmed as totally or partially unable to perform normal labor
functions;

    (3) Party
B suffers from illness or non-work related injury and is under prescribed
treatment;

    (4) A
female employee who is in a stage of pregnancy, delivery or nursing by
breastfeeding;

    
      
         

      

      
        - 6
-

        
          

        

      

      
         

      

    

    

    (5) Party
B has worked for fifteen years consecutively in the work unit and is within five
years from the legal retirement age;

    (6) Other
circumstances as specified by laws and administrative regulations.

    (II)
Termination

    1. This
Contract shall be terminated immediately upon the expiration of the Contract
period or the occurrence of statutory termination conditions.

    2. If the
Contract is terminated in any of the following circumstances, Party A shall pay
pecuniary compensation to Party B according to provisions:

    (1) The
labor Contract expires, except when Party A maintains or improves the conditions
agreed in the Contract upon renewal but Party B does not agree to
renew;

    (2) Party
A has declared to be bankrupt according to law;

    (3) Party
A’s business license has been revoked and has been instructed to close down or
revoke, or Party A decides to dissolve in advance;

    (4) Other
circumstances set forth by laws and administrative regulations.

    3. In any
of the circumstances by Party B as specified in Point 5, Item (I), Article 8,
once the Contract is expired, Party A shall extend the Contract period of Party
B until the disappearance of appropriate circumstances. However, termination of
the Contract due to the fact that Party B contracts an occupational disease or
sustains a work-related injury and has been determined to be totally or
partially unable to work at Party A’s company shall proceed with the national
and the provincial provisions on workmen’s compensation.

    (III)
Procedures for Revocation or Termination of Contract

    Upon the
Contract being revoked or terminated, Party A shall provide the certificate for
revocation or termination of the labor contract and proceed with transferring
personnel record and social insurance for Party B within fifteen
days.

    (IV) If
Party A violates the provisions of the Labor Contract Law to revoke or terminate
the Contract, it shall pay Party B the compensation at two times the specified
standard for pecuniary compensation.

     

    IX.
Mediation and Arbitration

    Any
dispute arising from the performance of the Contract between both parties may be
settled through negotiation in the first place. If no settlement can be reached
through negotiation, it may be submitted to Party A’s labor dispute mediation
agency for mediation; if no settlement can be made through mediation, the
dispute may be submitted to the labor dispute arbitration committee with
jurisdiction within the statutory limit for arbitration, or directly to the
labor dispute arbitration committee for arbitration. In case of any objections
to the arbitration award, the dispute may be submitted to People’s Court for a
lawsuit within the statutory limit.

    
      
         

      

      
        - 7
-

        
          

        

      

      
         

      

    

    X.
Service Term and Limitation for Competition

    (I) If
Party A provides expenses for special training to Party B and offers
professional technical training, both parties reach the following agreement:
___________________________________. (In case of violating the agreement on the
service term, Party B shall pay a penalty to Party A according to the agreement.
The amount of the penalty shall not exceed the training expenses provided by
Party A, nor exceed the apportioned training cost to the non-performed part of
the service term).

    (II) If
Party B controls Party A’s business secrets and confidential issues related to
its intellectual property right, both parties reach the following agreement:
                                                                                                                 
. (In the event that Party B is liable for confidentiality, Party A may
consult with Party B on the limitation of competition and provide pecuniary
compensation to Party B on a monthly basis within the limitation of competition
after the revocation or termination of the Contract. If Party B violates the
regulation on limitation of competition, Party B shall pay a penalty to Party A
according to provisions. Personnel subject to the limitation of competition are
limited to senior management, senior technical personnel, and other personnel
with responsibility of confidentiality. The term of limitation of competition
after revocation or termination of Contract shall not exceed two
years.)

     

    XI.
Miscellaneous

    (I)
Issues not covered in this Contract shall be handled according to the provisions
of the national and local policies. In case of any conflict between this
Contract and the new national and provincial regulations on labor management
during the Contract period, the new regulations shall prevail.

    (II) The
following documents are appendixes to the Contract and shall have the same legal
force as the Contract:

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          	
                                  1.

                                	 
      
	
                                  2.

                                	 
      
	
                                  3.

                                	 
      
	
                                  4.

                                	 
      
	
                                  5.

                                	 
      
	
                                  6.

                                	 
      

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    (III)
Agreement made by both parties (the contents shall not violate the laws,
regulations, and related provisions; additional pages may be attached with the
signature or seal of both parties):

     

      
        

      

    

    
      
         

      

      
        - 8
-

        
          

        

      

      
         

      

    

    
      
        
          
            
              	
                       

                    
	 
      
	 
      
	 
      

            

          

        

      

    

     

    
      
        	
                Party
      A: (Official seal)

              	 
      	
                Party
      B: (Signature or seal)

              
	
                Legal
      Representative:

              	 
      	
                [Employee
      Signature]

              
	
                (Or
      authorized agent):

              	 
      	 
      
	
                Jan
      01, 2009

              	 
      	
                Jan
      01, 2009

              

      

    

    

    
      
        	
                Attestation
      Agency (Seal):

              
	
                Attestor:

              
	
                Date
      of Attestation:

              

      

    

    

    Agreement
on Change of Labor Contract

    Party A
and Party B, through equal negotiation, reach agreement on the following changes
to the Contract as follows:

    
      
        
          
            
              	 
	
                       

                    
	 
      
	 
      
	 
      

            

          

        

      

    

     

    
      
        	
                Party
      A:  (Official seal)

              	 
      	
                Party
      B:  (Signature or seal)

              
	
                Legal
      Representative:

              	 
      	 
      
	
                (Or
      authorized agent)

              	 
      	 
      
	
                Date:

              	 
      	
                Date:

              

      

    

    
      
         

      

      
        - 9
-

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