Document:

Amended Exhibit E to the Avail Manufacturing Contract

 Exhibit 10.32 
 Conceptus Pricing Matrix 
 Product Number: ESS305 

Product Description: Essure Product 
 Last
Update: 07/26/10 
  

																							
	 Tier Brackets
	 	Product Kit
Quantity	 	Original
Contract Price	 	 	Added PPV
(Coils/other)
$9.85 Price
Increase	 	 	Cost Reduction
(Introducers/Bands)
$3.48 Price Reduction	 	 	Cost Reduction
(FlexMedical Coils)
$9.15 Price Reduction	 	 	Cost Reduction (PwC
Tight Pitch Coil)
$1.68 Price Reduction	 
	 Tier 1
	 	0 - 50,000	 	$	114.78	  	 	$	124.63	  	 	$	121.15	  	 	$	112.00	  	 	$	110.32	  
	 Tier 2
	 	50,001 - 75,000	 	$	111.28	  	 	$	121.13	  	 	$	117.65	  	 	$	108.50	  	 	$	106.82	  
	 Tier 3
	 	75,001 - 120,000	 	$	105.10	  	 	$	114.95	  	 	$	111.47	  	 	$	102.32	  	 	$	100.64	  
	 Tier 4
	 	120,001 +	 	$	97.92	  	 	$	107.77	  	 	$	104.29	  	 	$	95.14	  	 	$	93.46	  

 Assumptions/Notes: 

1. The $9.95 price increase is retroactive to all 2009 shipments and continues through 3/31/2010 shipments. 

2. The $3.48 price reduction is a combination of a $2.06 price decution from Stack Plastics and is retroactive to January 1st, 2010 and a $1.42 price
reduction from switching to Medelec bands. The cost savings for switching to Medelec bands considers a 50/50 cost savings with FlexMedical. The new Medelec bands are estimated to be used on shipments starting 3/25/2010. 

3. The $9.15 price reduction for FlexMedical manufactured coils is effective April 1st, 2010. 

4. The $1.68 price reduction for the PwC tight pitch coils is projected to be implemented by 8/16/2010. Total cost savings was $3.36 which was split 50/50
amongst FlexMedical and Conceptus. 
 Approvals: 
  

							
	 Signature
	  	 /s/ Greg Lichtwardt
	 	Date:	 	 7/28/2010

		  	Greg Lichtwardt	 		 	
		  	Executive Vice President	 		 	
		  	Operations & Chief Financial Officer	 		 	
		  	Conceptus Inc.	 		 	
				
	 Signature
	  	 /s/ Chris Faller
	 	Date:	 	 7/27/2010

		  	Chris Faller	 		 	
		  	Vice President, Operations	 		 	
		  	FlexMedical DisposablesLonghai Steel Inc.: Exhibit 10.1 - Filed by newsfilecorp.com

Exhibit 10.1

INDEPENDENT DIRECTOR AGREEMENT 

THIS INDEPENDENT DIRECTOR AGREEMENT (this “Agreement”)
is made effective as of March 14, 2011 by and between Longhai Steel Inc. (the
“Company”), and Mr. Joel Mayersohn (“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 hereunder, (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 
	X 	  
	
    Compensation/Nominating Committee 
	  	X 
	
    Corporate Governance Committee 
	X 	  

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 6000
restricted shares of the Company’s common stock per annum (such issuance, the
“Compensation”), half of the restricted shares to be granted on the date
that is six (6) months following the Company’s NASDAQ listing, and half the
annual Compensation to be granted on each six (6) month interval thereafter
(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, with the exception of the 3000 shares for the first six months of
service. 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 and any reasonable travel and
accommodation expenses incurred in attending meetings of the Board
(“Expenses”), upon submission of receipts (or other sufficient
documentary support) and a written request for payment. 

(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 covering 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. 

2 

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.           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. 

6.           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. 

7.           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. 

8.           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. 

9.           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. 

10.           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. 

11.           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. 

12.           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. 

3 

13.           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. 

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: 	/s/ Dr. Eberhard Kornotzki 	 
	 	  	Name: 	Dr. Eberhard Kornotzki 	 
	 	  	Title: 	Chief Financial Officer 	 
	 	  	  	  	 
	 	  	  	  	 
	 	DIRECTOR 	 
	 	  	  	  	 
	 	By: 	/s/ Joel D. Mayersohn 	 
	 	  	Name: 	Mr. Joel Mayersohn 	 
	 	  	Address: 	 

4 

INDEMNIFICATION AGREEMENT 

This Indemnification Agreement (this “Agreement”), dated
as of the 14th day of March 2011 is made by and between Longhai Steel
Inc., a Nevada corporation (the “Company”), and Mr. Joel Mayersohn, an
independent director of the Company (the “Indemnitee”).

RECITALS 

A.           The
Company and the Indemnitee recognize that the present state of the law is too
uncertain to provide the Company’s officers and directors with adequate and
reliable advance knowledge or guidance with respect to the legal risks and
potential liabilities to which they may become personally exposed as a result of
performing their duties for the Company; 

B.           The
Company and the Indemnitee are aware of the substantial growth in the number of
lawsuits filed against corporate officers and directors in connection with their
activities in such capacities and by reason of their status as such; 

C.           The
Company and the Indemnitee recognize that the cost of defending against such
lawsuits, whether or not meritorious, is typically beyond the financial
resources of most officers and directors of the Company; 

D.           The
Company and the Indemnitee recognize that the legal risks and potential
liabilities, and the threat thereof, associated with proceedings filed against
the officers and directors of the Company bear no reasonable relationship to the
amount of compensation received by the Company’s officers and directors; 

E.           Section
78.7502 of the Nevada Revised Statutes empowers Nevada corporations to indemnify
their officers and directors and further states that the indemnification
provided by Section 78.7502 shall not be deemed exclusive of any other rights to
which those seeking indemnification may be entitled under the articles of
incorporation or any bylaw, agreement, vote of stockholders or disinterested
directors or otherwise, both as to action in an official capacity and as to
action in another capacity while holding such office; thus, Section 78.7502 does
not by itself limit the extent to which the Company may indemnify persons
serving as its officers and directors; 

F.           The
Company’s Articles of Incorporation and Bylaws authorize the indemnification of
the officers and directors of the Company in excess of that expressly permitted
by Section 78.7502; 

G.           The
Board of Directors of the Company has concluded that, to retain and attract
talented and experienced individuals to serve as officers and directors of the
Company and to encourage such individuals to take the business risks necessary
for the success of the Company, it is necessary for the Company to contractually
indemnify its officers and directors, and to assume for itself liability for
expenses and damages in connection with claims against such officers and
directors in connection with their service to the Company, and has further
concluded that the failure to provide such contractual indemnification could
result in great harm to the Company and its stockholders; 

H.           The
Company desires and has requested the Indemnitee to serve or continue to serve
as a director or officer of the Company, free from undue concern for the risks
and potential liabilities associated with such services to the Company; and 

I.           The
Indemnitee is willing to serve, or continue to serve, the Company, provided, and
on the expressed condition, that the Indemnitee is furnished with the
indemnification provided for herein. 

AGREEMENT 

NOW, THEREFORE, the Company and Indemnitee agree as follows:

	 	1. 	DEFINITIONS. 

(a)           “EXPENSES”
means, for the purposes of this Agreement, all direct and indirect costs of any
type or nature whatsoever (including, without limitation, any fees and
disbursements of Indemnitee’s counsel, accountants and other experts and other
out-of-pocket costs) actually and reasonably incurred by the Indemnitee in
connection with the investigation, preparation, defense or appeal of a
Proceeding; provided, however, that Expenses shall not include judgments, fines,
penalties or amounts paid in settlement of a Proceeding. 

(b)           “PROCEEDING”
means, for the purposes of this Agreement, any threatened, pending or completed
action or proceeding, whether civil, criminal, administrative or investigative
(including an action brought by or in the right of the Company) in which
Indemnitee may be or may have been involved as a party or otherwise, by reason
of the fact that Indemnitee is or was a director or officer of the Company, by
reason of any action taken by Indemnitee or of any inaction on his or her part
while acting as such director or officer or by reason of the fact that he or she
is or was serving at the request of the Company as a director, officer, employee
or agent of another foreign or domestic corporation, partnership, joint venture,
trust or other enterprise, or was a director or officer of the foreign or
domestic corporation which was a predecessor corporation to the Company or of
another enterprise at the request of such predecessor corporation, whether or
not he or she is serving in such capacity at the time any liability or expense
is incurred for which indemnification or reimbursement can be provided under
this Agreement. 

	 	2. 	AGREEMENT TO SERVE. 

Indemnitee agrees to serve or continue to serve as a director
or officer of the Company to the best of his or her abilities at the will of the
Company or under separate contract, if such contract exists, for so long as
Indemnitee is duly elected or appointed and qualified or until such time as the
Indemnitee tenders his or her resignation in writing. Nothing contained in this
Agreement is intended to create in Indemnitee any right to continued employment.

	 	3. 	INDEMNIFICATION. 

(a)           THIRD
PARTY PROCEEDINGS. The Company shall indemnify Indemnitee against Expenses,
judgments, fines, penalties or amounts paid in settlement (if the settlement is
approved in advance by the Company) actually and reasonably incurred by Indemnitee in connection with a Proceeding (other than a
Proceeding by or in the right of the Company) if Indemnitee acted in good faith
and in a manner Indemnitee reasonably believed to be in the best interests of
the Company, and, with respect to any criminal action or proceeding, had no
reasonable cause to believe Indemnitee’s conduct was unlawful. The termination
of any Proceeding by judgment, order, settlement, conviction, or upon a plea of
NOLO CONTENDERE or its equivalent, shall not, of itself, create a presumption
that Indemnitee did not act in good faith and in a manner which Indemnitee
reasonably believed to be in the best interests of the Company, or, with respect
to any criminal Proceeding, had no reasonable cause to believe that Indemnitee’s
conduct was unlawful. 

2 

(b)           PROCEEDINGS
BY OR IN THE RIGHT OF THE COMPANY. To the fullest extent permitted by law, the
Company shall indemnify Indemnitee against Expenses and amounts paid in
settlement, actually and reasonably incurred by Indemnitee in connection with a
Proceeding by or in the right of the Company to procure a judgment in its favor
if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed
to be in the best interests of the Company and its stockholders. Notwithstanding
the foregoing, no indemnification shall be made in respect of any claim, issue
or matter as to which Indemnitee shall have been adjudged liable to the Company
in the performance of Indemnitee’s duty to the Company and its stockholders
unless and only to the extent that the court in which such action or Proceeding
is or was pending shall determine upon application that, in view of all the
circumstances of the case, Indemnitee is fairly and reasonably entitled to
indemnity for Expenses and then only to the extent that the court shall
determine. 

(c)           SCOPE.
Notwithstanding any other provision of this Agreement but subject to Section
14(b), the Company shall indemnify the Indemnitee to the fullest extent
permitted by law, notwithstanding that such indemnification is not specifically
authorized by other provisions of this Agreement, the Company’s Articles of
Incorporation, the Company’s Bylaws or by statute. 

	 	4. 	LIMITATIONS ON INDEMNIFICATION. 

Ally other provision herein to the contrary notwithstanding,
the Company shall not be obligated pursuant to the terms of this Agreement: 

(a)           EXCLUDED
ACTS. To indemnify Indemnitee for any acts or omissions or transactions from
which a director may not be relieved of liability under applicable law; 

(b)           EXCLUDED
INDEMNIFICATION PAYMENTS. To indemnify or advance Expenses in violation of any
prohibition or limitation on indemnification under the statutes, regulations or
rules promulgated by any state or federal regulatory agency having jurisdiction
over the Company. 

(c)           CLAIMS
INITIATED BY INDEMNITEE. To indemnify or advance Expenses to Indemnitee with
respect to Proceedings or claims initiated or brought voluntarily by Indemnitee
and not by way of defense, except with respect to Proceedings brought to
establish or enforce a right to indemnification under this Agreement or any
other statute or law or otherwise as required under Section 78.7502 of the
Nevada Revised Statutes, but such indemnification or advancement of Expenses may be provided by the Company in
specific cases if the Board of Directors has approved the initiation or bringing
of such suit; 

3 

(d)           LACK
OF GOOD FAITH. To indemnify Indemnitee for any Expenses incurred by the
Indemnitee with respect to any Proceeding instituted by Indemnitee to enforce or
interpret this Agreement, if a court of competent jurisdiction determines that
each of the material assertions made by the Indemnitee in such Proceeding was
not made in good faith or was frivolous; 

(e)           INSURED
CLAIMS. To indemnify Indemnitee for Expenses or liabilities of any type
whatsoever (including, but not limited to, judgments, fines, ERISA excise taxes
or penalties, and amounts paid in settlement) which have been paid directly to
or on behalf of Indemnitee by an insurance carrier under a policy of directors’
and officers’ liability insurance maintained by the Company or any other policy
of insurance maintained by the Company or Indemnitee; or 

(f)           CLAIMS
UNDER SECTION 16(b). To indemnify Indemnitee for Expenses and the payment of
profits arising from the purchase and sale by Indemnitee of securities in
violation of Section 16(b) of the Securities Exchange Act of 1934, as amended,
or any similar successor statute. 

	 	5. 	DETERMINATION OF RIGHT TO INDEMNIFICATION. 

Upon receipt of a written claim addressed to the Board of
Directors for indemnification pursuant to Section 3, the Company shall determine
by any of the methods set forth in Section 78.751 of the Nevada Revised Statutes
whether Indemnitee has met the applicable standards of conduct which makes it
permissible under applicable law to indemnify Indemnitee. If a claim under
Section 3 is not paid in full by the Company within ninety (90) days after such
written claim has been received by the Company, the Indemnitee may at any time
thereafter bring suit against the Company to recover the unpaid amount of the
claim and, unless such action is dismissed by the court as frivolous or brought
in bad faith, the indemnitee shall be entitled to be paid also the expense of
prosecuting such claim. The court in which such action is brought shall
determine whether Indemnitee or the Company shall have the burden of proof
concerning whether Indemnitee has or has not met the applicable standard of
conduct. 

	 	6. 	ADVANCEMENT AND REPAYMENT OF EXPENSES. 

Subject to Section 4 hereof, the Expenses incurred by
Indemnitee in defending and investigating any Proceeding shall be paid by the
Company in advance of the final disposition of such Proceeding within 30 days
after receiving from Indemnitee the copies of invoices presented to Indemnitee
for such Expenses, if Indemnitee shall provide an undertaking to the Company to
repay such amount to the extent it is ultimately determined that Indemnitee is
not entitled to indemnification. In determining whether or not to make an
advance hereunder, the ability of Indemnitee to repay shall not be a factor.
Notwithstanding the foregoing, in a proceeding brought by the Company directly,
in its own right (as distinguished from an action bought derivatively or by any
receiver or trustee), the Company shall not be required to make the advances
called for hereby if the Board of Directors determines, in its sole discretion,
that it does not appear that Indemnitee has met the standards of conduct
which make it permissible under applicable law to indemnify Indemnitee and the
advancement of Expenses would not be in the best interests of the Company and
its stockholders. 

4 

	 	7. 	PARTIAL INDEMNIFICATION. 

If the Indemnitee is entitled under any provision of this
Agreement to indemnification or advancement by the Company of some or a portion
of any Expenses or liabilities of any type whatsoever (including, but not
limited to, judgments, fines, penalties, and amounts paid in settlement)
incurred by him in the investigation, defense, settlement or appeal of a
Proceeding, but is not entitled to indemnification or advancement of the total
amount thereof, the Company shall nevertheless indemnify or pay advancements to
the Indemnitee for the portion of such Expenses or liabilities to which the
Indemnitee is entitled. 

	 	8. 	NOTICE TO COMPANY BY INDEMNITEE. 

Indemnitee shall notify the Company in writing of any matter
with respect to which Indemnitee intends to seek indemnification hereunder as
soon as reasonably practicable following the receipt by Indemnitee of written
notice thereof, provided, however, that any delay in so notifying the Company
shall not constitute a waiver by Indemnitee of her rights hereunder. The written
notification to the Company shall be addressed to the Board of Directors and
shall include a description of the nature of the Proceeding and the facts
underlying the Proceeding and be accompanied by copies of any documents filed
with the court in which the Proceeding is pending. In addition, Indemnitee shall
give the Company such information and cooperation as it may reasonably require
and as shall be within Indemnitee’s power. 

	 	9. 	MAINTENANCE OF LIABILITY INSURANCE. 

(a)           Subject
to Section 4 hereof, the Company hereby agrees that so long as Indemnitee shall
continue to serve as a director or officer of the Company and thereafter so long
as Indemnitee shall be subject to any possible Proceeding, the Company, subject
to Section 9(b), shall use reasonable commercial efforts to obtain and maintain
in full force and effect directors’ and officers’ liability insurance
(“D&O Insurance”) which provides Indemnitee the same rights and
benefits as are accorded to the most favorably insured of the Company’
directors, if Indemnitee is a director; or of the Company’s officers, if
Indemnitee is not a director of the Company but is an officer. 

(b)           Notwithstanding
the foregoing, the Company shall have no obligation to obtain or maintain
D&O Insurance if the Company determines in good faith that such insurance is
not reasonably available, the premium costs for such insurance are
disproportionate to the amount of coverage provided, the coverage provided by
such insurance is limited by exclusions so as to provide an insufficient
benefit, or the Indemnitee is covered by similar insurance maintained by a
subsidiary or parent of the Company. 

(c)           If,
at the time of the receipt of a notice of a claim pursuant to Section 8 hereof,
the Company has D&O Insurance in effect, the Company shall give prompt
notice of the commencement of such Proceeding to the insurers in accordance with
the procedures set forth in the respective policies. The Company shall
thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all
amounts payable as a result of such Proceeding in accordance with the terms of
such policies. 

5 

	 	10. 	DEFENSE OF CLAIM. 

In the event that the Company shall be obligated under Section
6 hereof to pay the Expenses of any Proceeding against Indemnitee, the Company,
if appropriate, shall be entitled to assume the defense of such Proceeding, with
counsel approved by Indemnitee, which approval shall not be unreasonably
withheld, upon the delivery to Indemnitee of written notice of its election to
do so. After delivery of such notice, approval of such counsel by Indemnitee and
the retention of such counsel by the Company, the Company will not be liable to
Indemnitee under this Agreement for any fees of counsel subsequently incurred by
Indemnitee with respect to the same Proceeding, provided that (i) Indemnitee
shall have the right to employ counsel in any such Proceeding at Indemnitee’s
expense; and (ii) if (A) the employment of counsel by Indemnitee has been
previously authorized by the Company, or (B) Indemnitee shall have reasonably
concluded that there may be a conflict of interest between the Company and the
Indemnitee in the conduct of such defense or (C) the Company shall not, in fact,
have employed counsel to assume the defense of such Proceeding, then the fees
and expenses of Indemnitee’s counsel shall be at the expense of the Company.

	 	11. 	ATTORNEYS FEES. 

In the event that Indemnitee or the Company institutes an
action to enforce or interpret any terms of this Agreement, the Company shall
reimburse Indemnitee for all of the Indemnitee’s reasonable fees and expenses in
bringing and pursuing such action or defense, unless as part of such action or
defense, a court of competent jurisdiction determines that the material
assertions made by Indemnitee as a basis for such action or defense were not
made in good faith or were frivolous. 

	 	12. 	CONTINUATION OF OBLIGATIONS. 

All agreements and obligations of the Company contained herein
shall continue during the period the Indemnitee is a director or officer of the
Company, or is or was serving at the request of the Company as a director,
officer, fiduciary, employee or agent of another corporation, partnership, joint
venture, trust or other enterprise, and shall continue thereafter so long as the
Indemnitee shall be subject to any possible proceeding by reason of the fact
that Indemnitee served in any capacity referred to herein. 

	 	13. 	SUCCESSORS AND ASSIGNS. 

This Agreement establishes contract rights that shall be
binding upon, and shall inure to the benefit of, the successors, assigns, heirs
and legal representatives of the parties hereto. 

	 	14. 	NON-EXCLUSIVITY. 

(a) The provisions for indemnification and advancement of
expenses set forth in this Agreement shall not be deemed to be exclusive of any
other rights that the Indemnitee may have under any provision of law, the
Company’s Articles of Incorporation or Bylaws, the vote of the Company’s stockholders or disinterested directors,
other agreements or otherwise, both as to action in the Indemnitee’s official
capacity and action in another capacity while occupying the Indemnitee’s
position as a director or officer of the Company. 

6 

(b)           In
the event of any changes, after the date of this Agreement, in any applicable
law, statute, or rule which expand the right of a Nevada corporation to
indemnify its officers and directors, the Indemnitee’s rights and the Company’s
obligations under this Agreement shall be expanded to the full extent permitted
by such changes. In the event of any changes in any applicable law, statute or
rule, which narrow the right of a Nevada corporation to indemnify a director or
officer, such changes, to the extent not otherwise required by such law, statute
or rule to be applied to this Agreement, shall have no effect on this Agreement
or the parties’ rights and obligations hereunder. 

	 	15. 	EFFECTIVENESS OF AGREEMENT. 

To the extent that the indemnification permitted under the
terms of certain provisions of this Agreement exceeds the scope of the
indemnification provided for in the Nevada Revised Statutes, such provisions
shall not be effective unless and until the Company’s Articles of Incorporation
authorize such additional rights of indemnification. In all other respects, the
balance of this Agreement shall be effective as of the date set forth on the
first page and may apply to acts of omissions of Indemnitee which occurred prior
to such date if Indemnitee was an officer, director, employee or other agent of
the Company, or was serving at the request of the Company as a director,
officer, employee or agent of another corporation, partnership, joint venture,
trust or other enterprise, at the time such act or omission occurred. 

	 	16. 	SEVERABIL1TY. 

Nothing in this Agreement is intended to require or shall be
construed as requiring the Company to do or fail to do any act in violation of
applicable law. The Company’s inability, pursuant to court order, to perform its
obligations under this Agreement shall not constitute a breach of this
Agreement. The provisions of this Agreement shall be severable as provided in
this Section 16. If this Agreement or any portion hereof shall be invalidated on
any ground by any court of competent jurisdiction, then the Company shall
nevertheless indemnify Indemnitee to the full extent permitted by any applicable
portion of this Agreement that shall not have been invalidated, and the balance
of this Agreement not so invalidated shall be enforceable in accordance with its
terms. 

	 	17. 	GOVERNING LAW. 

This Agreement shall be interpreted and enforced in accordance
with the laws of the State of Nevada, without reference to its conflict of law
principals. To the extent permitted by applicable law, the parties hereby waive
any provisions of law which render any provision of this Agreement unenforceable
in any respect. 

	 	18. 	NOTICE. 

All notices, requests, demands and other communications under
this Agreement shall be in writing and shall be deemed duly given (i) if
delivered by hand and receipted for by the party addressee or (ii) if mailed by certified or registered mail
with postage prepaid, on the third business day after the mailing date.
Addresses for notice to either party are as shown on the signature page of this
Agreement, or as subsequently modified by written notice. 

7 

	 	19. 	MUTUAL ACKNOWLEDGMENT. 

Both the Company and Indemnitee acknowledge that in certain
instances, federal law or applicable public policy may prohibit the Company from
indemnifying its directors and officers under this Agreement or otherwise.
Indemnitee understands and acknowledges that the Company has undertaken or may
be required in the future to undertake with the appropriate state or federal
regulatory agency to submit for approval any request for indemnification, and
has undertaken or may be required in the future to undertake with the Securities
and Exchange Commission to submit the question of indemnification to a court in
certain circumstances for a determination of the Company’s right under public
policy to indemnify Indemnitee.

	 	20. 	COUNTERPARTS. 

This Agreement may be executed in one or more counterparts,
each of which shall constitute an original.

	 	21. 	AMENDMENT AND TERMINATION. 

No amendment, modification, termination or cancellation of this
Agreement shall be effective unless in writing signed by both parties
hereto.

IN WITNESS WHEREOF, the parties have executed this Agreement as
of the day and year set forth above

	COMPANY: 		INDEMNITEE 	
	  	  	  		  			
	  	  	  		  			
	By: 	
    
      /s/ Dr. Eberhard Kornotzki
    

    		By: 	
    
      /s/ Joel D. Mayersohn
    

    	
	  	Name: 	Dr. Eberhard Kornotzki 		         	Name:  	Mr. Joel Mayersohn  	
	  	Title: 	Chief Financial Officer 		  			
	  	  	  		  	 		
	  	Address: No. 1 Jingguang Road, Neiqiu
    		         	Address:  	
	  	County, Xingtai City, Hebei Province,
    		  	 		
	  	China 054000 		  	 		

8

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