Document:

Longhai Steel Inc.: Exhibit 10.10 - Filed by newsfilecorp.com

Exhibit 10.10

INDEPENDENT DIRECTOR AGREEMENT 

THIS INDEPENDENT DIRECTOR AGREEMENT (this
“Agreement”) is made effective as of _______, 2010 by and
between Longhai Steel Inc. (the “Company”), and _____ (“Director”). 

WHEREAS, the Company seeks
to attract and retain as directors, capable and qualified persons to serve on
the Company’s board of directors (the “Board”); and 

WHEREAS, the Company has
requested and received from Director certain information regarding Director’s
qualifications and fitness to serve on the Board and has considered and relied
upon the accuracy of such information in offering Director the opportunity to
serve on the Board; and 

WHEREAS, the Company
believes that Director possesses the necessary qualifications and abilities to
serve as a director of the Company and to perform the functions and meet the
Company’s needs related to its Board. 

NOW, THEREFORE, the parties agree as follows: 

1. Service to the Board. 

(a) Service as a
Director. Director will serve for a period of three years (the
“term as a director of the Company in accordance with the bylaws of the Company
and perform all duties as a director of the Company, including without
limitation (1) attending meetings of the Board, (2) serving on such committees
of the Board (each a “Committee”) to which Director has been
appointed, (3) attending meetings of each Committee of which Director is a
member and (4) performing Director’s duties on behalf of the Company in good
faith and in a manner that is not opposed to the best interests of the
Company.

(b) Service on
Committees. Director will serve on the following committees and
in the capacities stated: 

	                                                                                                                                                                               
     	Member 	 	Chairperson 
	Audit Committee 	----	 	----
	Compensation/Nominating Committee 	----	 	----
	Corporate Governance Committee 	----	 	----

To the extent Director serves as Audit Committee Chairperson,
Director agrees that Director is also serving as the financial expert for
purposes of filings before the Securities and Exchange Commission. 

2. Term. The term of this
Agreement shall commence as of the date of Director’s appointment by the Board
of Directors of the Company and shall continue until the Director’s removal or
resignation. 

3. Compensation and Expenses. 

(a) Director
Compensation. In recognition of the services provided by and to
be provided by Director, the Company agrees to issue to Director, an aggregate
of _______________ restricted shares of the Company’s common stock (such
issuance, the “Compensation”), one-sixth (1/6) of the restricted shares to be
granted on the date that is six (6) months following the closing date of a
secondary offering of shares of the Company’s common stock, and the remaining
restricted shares to be granted on each six
(6) month interval thereafter in five equal installments (each such date a “grant date”). The Board reserves the right to change the Compensation from time to time, to take into consideration the responsibilities associated with different
committees in setting Compensation levels and to grant additional restricted shares periodically, which may vary from the terms described in this section. If Director ceases to serve as a director on the Company’s Board at any time and for any
reason prior to a grant date associated with any restricted shares, all restricted shares described in the restricted share agreement that have not been granted as of such time of cessation of services will not be granted.  All such cancelled or
forfeited restricted shares shall be returned to the Company’s incentive pool. 

(b) Expenses. The Company will reimburse Director for all reasonable, out-of-pocket expenses, approved by the Company in advance, incurred in connection with the performance of
Director’s duties under this Agreement (“Expenses”), upon submission of receipts and a written request for payment. Such statement shall be accompanied by sufficient documentary matter to support the expenditures. The
Company may withhold from any payment any amount of withholding required by law. 

(c) Future Compensation and Benefits. The Board, with the compensation committee, reserves the right to determine the compensation for services provided under this Agreement. The Board may from time
to time authorize additional compensation and benefits for Director, including stock options and restricted stock. 

(d) Insurance and Indemnification. This Agreement is effective only when the directors’ and officers’ insurance policy previously shown to the Director is in place and an Indemnification
Agreement satisfactory to the Director is signed by the Company. When and if the Company anticipates the successful qualification of its common stock for trading on the NASDAQ Stock Exchange or any similar exchange for securities trading, the
Company shall amend its existing directors’ and officers’ insurance policy to increase limits available to independent directors by approximately $5,000,000 or a lesser or greater amount which is determined and approved by the Board to
be appropriate, with such insurance effective on date of such listing or as soon thereafter as possible, provided that such increase is in the best interests of the Company and its shareholders. 

The Company has provided the Director with a summary of the limits and terms of its current Directors’ and Officers’ Liability Insurance (the “D&O Insurance”) and the provisions of
its corporate by-laws and governing documents dealing with indemnification of directors (the “Indemnification Provisions”).  To the fullest extent permitted by applicable law, the Company agrees that it will not voluntarily
change the terms of such D&O Insurance or the Indemnification Provisions to the detriment of the Director at anytime while he is entitled to benefit of such D&O Insurance or Indemnification Provisions. 

4. Confidentiality.  The Company and Director each acknowledge that, in order for the intents and purposes of this Agreement to be accomplished, Director shall necessarily be obtaining access to certain
confidential information concerning the Company and its affairs, including, but not limited to business methods, information systems, financial data and strategic plans which are unique assets of the Company (“Confidential
Information”). Director covenants not to, either directly or indirectly, in any manner, utilize or disclose to any person, firm, corporation, association or other entity any Confidential Information. 

5. Non-Compete.  During the term of this Agreement and for a period of twelve (12) months following Director’s removal or resignation from the Board of Directors of the Company or any of its
subsidiaries or affiliates (the “Restricted Period”), Director shall not, directly or indirectly, (i) in any manner whatsoever engage in any capacity with any business competitive with the Company’s
current lines of business or any business then engaged in by the Company, any of its subsidiaries or any of its affiliates (the “Company's Business”) for Director’s own benefit or for the benefit of any person or entity other
than the Company or any subsidiary or affiliate; or (ii) have any interest as owner, sole proprietor, shareholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company's
Business; provided, however, that Director may hold, directly or indirectly, solely as an investment, not more than two percent (2%) of the outstanding securities of any person or entity which are listed on any national securities
exchange or regularly traded in the over-the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company's Business. In addition, during the Restricted Period, Director shall not develop
any property for use in the Company’s Business on behalf of any person or entity other than the Company, its subsidiaries and affiliates. 

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6. Termination. With or without cause, the Company and Director may each terminate this Agreement at any time upon ten (10) days written notice, and the Company shall be obligated to pay to Director the
compensation and expenses due up to the date of the termination. Nothing contained herein or omitted herefrom shall prevent the shareholder(s) of the Company from removing Director with immediate effect at any time for any reason. 

7. Amendments and Waiver. No supplement, modification or amendment of this Agreement will be binding unless executed in writing by both parties. No waiver of any provision of this Agreement
on a particular occasion will be deemed or will constitute a waiver of that provision on a subsequent occasion or a waiver of any other provision of this Agreement. 

8. Binding Effect. This Agreement will be binding upon and inure to the benefit of and be enforceable by the parties and their respective successors and assigns. 

9. Severability. The provisions of this Agreement are severable, and any provision of this Agreement that is held by a court of competent jurisdiction to be invalid, void, or otherwise
unenforceable in any respect will not affect the validity or enforceability of any other provision of this Agreement. 

10. Governing Law. This Agreement will be governed by and construed and enforced in accordance with the laws of the State of Delaware applicable to contracts made and to be performed in that
state without giving effect to the principles of conflicts of laws. 

 11. Notice. Any and all notices referred to herein shall be sufficient if furnished in writing at the addresses specified on the signature page hereto or, if to the Company, to the Company’s address as specified in filings made
by the Company with the U.S. Securities and Exchange Commission. 

 12. Assignment.  The rights and benefits of the Company under this Agreement shall be transferable, and all the covenants and agreements hereunder shall inure to the benefit of, and be enforceable by or against, its successors and
assigns. The duties and obligations of Director under this Agreement are personal and therefore Director may not assign any right or duty under this Agreement without the prior written consent of the Company. 

 13. Entire Agreement.  Except as provided elsewhere herein, this Agreement sets forth the entire agreement of the parties with respect to its subject matter and supersedes all prior agreements, promises, covenants, arrangements,
communications, representations or warranties, whether oral or written, by any officer, employee or representative of any party to this Agreement with respect to such subject matter. 

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14. Counterparts. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one instrument. Facsimile execution and delivery of this Agreement is legal,
valid and binding for all purposes. 

[Signature Page Follows]

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IN WITNESS WHEREOF, the parties hereto have caused this Independent Director Agreement to be duly executed and signed as of the day and year first above written. 

	
LONGHAI STEEL INC.
	
	
 
	
 
	
By: ______________________________
	
Name:
	
	
Title:
	
	
 
	
	
DIRECTOR
	
	
 
	
_________________________________
	
Name:
	
	
Address:
	
	
__________________________________________________________________

_________________________________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

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