Document:

Unassociated Document

    Exhibit
      10.2

    

    WONDER
      AUTO TECHNOLOGY, INC.

    INDEPENDENT
      DIRECTOR’S CONTRACT

    

    THIS
      AGREEMENT (The “Agreement”) is made as of the 23rd
      day of
      March, 2007 and is by and between Wonder Auto Technology, Inc., a Nevada
      corporation (hereinafter referred to as “Company”) and David Murphy (hereinafter
      referred to as “Director”).

    

    BACKGROUND

    

    The
      Board
      of Directors of the Company desires to appoint Director to fill an existing
      vacancy and to have the Director perform the duties of independent director
      and
      Director desires to be so appointed for such position and to perform the duties
      required of such position in accordance with the terms and conditions of this
      Agreement.

    

    AGREEMENT

    

    In
      consideration for the above recited promises and the mutual promises contained
      herein, the adequacy and sufficiency of which are hereby acknowledged, Company
      and Director hereby agree as follows:

    

    1. DUTIES.
      The
      Company requires that the Director be available to perform the duties of an
      independent director as described in the Company’s Handbook for Prospective
      Directors and such other duties customarily related to this function as may
      be
      determined and assigned by the Board of Directors of the Company and as may
      be
      required by the Company’s constituent instruments, including its certificate or
      articles of incorporation, bylaws and its corporate governance and board
      committee charters, each as amended or modified from time to time, and by
      applicable law, including the Nevada General Corporation Law. Director agrees
      to
      devote as much time as is necessary to perform completely the duties as Director
      of the Company, including duties as a member of the Audit Committee and such
      other committees as the Director may hereafter be appointed to. The Director
      will perform such duties described herein in accordance with the general
      fiduciary duty of Directors arising under the Nevada General Corporation Law
      and
      Chapter 78 of the Nevada Revised Statutes.

    

    2. TERM.
      The
      term of this Agreement shall commence as of the date of the Director’s
      appointment by the board of directors of the Company (in the event the Director
      is appointed to fill a vacancy) or the date of the Director’s election by the
      stockholders of the Company and shall continue until the Director’s removal or
      resignation. Each 12-month period ending on the anniversary date of the
      Director’s appointment is a “Service Year.”

    

    3. COMPENSATION.
      For all
      services to be rendered by Director in any capacity hereunder, the Company
      agrees to (i) pay Director a fee of $20,000 in cash per Service Year payable
      in
      equal quarterly installments (the “Base Cash Compensation”) throughout the
      Company’s fiscal year; and (ii) in any Service Year in which the Company
      consummates either (a) a registered public offering by it of its shares for
      its
      own account for cash or (b) a resale registration of shares on behalf of
      investors who purchased Company securities in a private placement for cash,
      but
      only if such placement occurred during that Service Year or a prior Service
      Year
      of the Director (a “Registered Offering”), grant and issue to Director (as
      additional non-cash compensation for his services as director in lieu of
      additional cash director compensation and expressly not as compensation for
      any
      services in connection with any Company offering, which services are not being
      offered or provided by the Director) such number of shares having a fair market
      value (calculated as determined below) equal to the aggregate value of the
      Base
      Cash Compensation to be paid to the Director for the Service Year in which
      the
      registration statement for the Registered Offering is first declared effective.
      The fair market value of the shares to be issued to the Director shall be the
      initial offering price of the Company’s shares in the Registered Offering. The
      shares issued to the Director shall bear restrictive legends and shall be
      saleable and transferable only in accordance with SEC Rule 144, but may be
      registered for resale on Form S-8 or S-3 if and when determined by the full
      Board of Directors of the Company. In the event a Registered Offering is not
      effected during a Service Year, an amount equal to the Base Cash Compensation
      amount shall be paid to the Director in cash at the end of the Service Year
      in
      lieu of any share grant. If the Director does not serve on the Board of
      Directors for at least 12 months prior to the effectiveness of the Registered
      Offering, the total number of shares granted to the Director will be reduced
      on
      a pro rata basis to reflect time actually served on the Board of Directors
      prior
      to the effectiveness of the Registered Offering. The initial year’s Base Cash
      Compensation is considered earned when paid and is nonrefundable. Upon execution
      of this Agreement, the Company shall pay to the Director a pro rata portion
      of
      the initial Service Year’s Base Cash Compensation described above (pro-rated for
      the remaining portion of the Company’s then-current fiscal year). Thereafter,
      payment shall be due on or before the first business day of the Company’s next
      fiscal year and in succeeding fiscal quarters as described above. Such Base
      Compensation and grant shares may be adjusted from time to time as agreed by
      the
      parties. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    4. EXPENSES.
      In
      addition to the compensation provided in paragraph 3 hereof, the Company will
      reimburse Director for pre-approved reasonable business related expenses
      incurred in good faith in the performance of Director’s duties for the Company.
      Such payments shall be made by the Company upon submission by the Director
      of a
      signed statement itemizing the expenses incurred. Such statement shall be
      accompanied by sufficient documentary matter to support the
      expenditures.

    

    5. 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.

    

    6. NON-COMPETE.
      During
      the Term and for a period of twelve (12) months following the Director’s removal
      or resignation from the Board of Directors of the Company or any of its
      Subsidiaries or Affiliates (the "Restricted Period"), the 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 the 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
      the Director may hold, directly or indirectly, solely as an investment, not
      more
      than one percent (1%) 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, the 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.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    7. 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. If the director voluntarily resigns prior to October 1st of any
      year after the first year of this agreement, the Company shall be entitled
      to
      receive, upon written request by the Company, a prorated refund of the portion
      of the Base Cash Compensation that relates to the period after the termination
      date. Such written request must be submitted within ninety (90) days of the
      termination date. 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.

    

    8. INDEMNIFICATION.
      The
      Company shall indemnify, defend and hold harmless Director, to the full extent
      allowed by the law of the State of Nevada, and as provided by, or granted
      pursuant to, any charter provision, bylaw provision, agreement (including,
      without limitation, the Indemnification Agreement executed herewith), vote
      of
      stockholders or disinterested directors or otherwise, both as to action in
      Director’s official capacity and as to action in another capacity while holding
      such office. The Company and the Director are executing the Indemnification
      Agreement in the form attached hereto as Exhibit A.

    

    9. EFFECT
      OF WAIVER.
      The
      waiver by either party of the breach of any provision of this Agreement shall
      not operate as or be construed as a waiver of any subsequent breach
      thereof.

    

    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 and if by fax to 202.318.2502.

     

    11. GOVERNING
      LAW.
      This
      Agreement shall be interpreted in accordance with, and the rights of the parties
      hereto shall be determined by, the laws of the State of Nevada without reference
      to that state’s conflicts of laws principles.

    

    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 the 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. MISCELLANEOUS.
      If any
      provision of this Agreement shall be declared invalid or illegal, for any reason
      whatsoever, then, notwithstanding such invalidity or illegality, the remaining
      terms and provisions of the within Agreement shall remain in full force and
      effect in the same manner as if the invalid or illegal provision had not been
      contained herein.

    

    14. ARTICLE
      HEADINGS.
      The
      article headings contained in this Agreement are for reference purposes only
      and
      shall not affect in any way the meaning or interpretation of this
      Agreement.

    

    15. 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.

    

    16. 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.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

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

     

    
      	 	 	 
	 	WONDER
              AUTO
              TECHNOLOGY, INC.
	 
 	 
 	 
 
	 	By:  	/s/ Qingjie
              Zhao
	 	
              
Name: Qingjie
              Zhao
	 	Title: CEO
              and President

       

      
        	 	 	 
	 	INDEPENDENT
                DIRECTOR
	 
 	 
 	 
 
	 	By:  	/s/ David
                Murphy
	 	
                
Name: David
                MurphyUnassociated Document

    Exhibit
      10.3

    

    WONDER
      AUTO TECHNOLOGY, INC.

    INDEPENDENT
      DIRECTOR’S CONTRACT

    

    THIS
      AGREEMENT (The “Agreement”) is made as of the 23rd
      day of
      March, 2007 and is by and between Wonder Auto Technology, Inc., a Nevada
      corporation (hereinafter referred to as “Company”) and Lei Jiang (hereinafter
      referred to as “Director”).

    

    BACKGROUND

    

    The
      Board
      of Directors of the Company desires to appoint Director to fill an existing
      vacancy and to have the Director perform the duties of independent director
      and
      Director desires to be so appointed for such position and to perform the duties
      required of such position in accordance with the terms and conditions of this
      Agreement.

    

    AGREEMENT

    

    In
      consideration for the above recited promises and the mutual promises contained
      herein, the adequacy and sufficiency of which are hereby acknowledged, Company
      and Director hereby agree as follows:

    

    1. DUTIES.
      The
      Company requires that the Director be available to perform the duties of an
      independent director as described in the Company’s Handbook for Prospective
      Directors and such other duties customarily related to this function as may
      be
      determined and assigned by the Board of Directors of the Company and as may
      be
      required by the Company’s constituent instruments, including its certificate or
      articles of incorporation, bylaws and its corporate governance and board
      committee charters, each as amended or modified from time to time, and by
      applicable law, including the Nevada General Corporation Law. Director agrees
      to
      devote as much time as is necessary to perform completely the duties as Director
      of the Company, including duties as a member of the Audit Committee and such
      other committees as the Director may hereafter be appointed to. The Director
      will perform such duties described herein in accordance with the general
      fiduciary duty of Directors arising under the Nevada General Corporation Law
      and
      Chapter 78 of the Nevada Revised Statutes.

    

    2. TERM.
      The
      term of this Agreement shall commence as of the date of the Director’s
      appointment by the board of directors of the Company (in the event the Director
      is appointed to fill a vacancy) or the date of the Director’s election by the
      stockholders of the Company and shall continue until the Director’s removal or
      resignation. Each 12-month period ending on the anniversary date of the
      Director’s appointment is a “Service Year.”

    

    3. COMPENSATION.
      For all
      services to be rendered by Director in any capacity hereunder, the Company
      agrees to (i) pay Director a fee of $20,000 in cash per Service Year payable
      in
      equal quarterly installments (the “Base Cash Compensation”) throughout the
      Company’s fiscal year; and (ii) in any Service Year in which the Company
      consummates either (a) a registered public offering by it of its shares for
      its
      own account for cash or (b) a resale registration of shares on behalf of
      investors who purchased Company securities in a private placement for cash,
      but
      only if such placement occurred during that Service Year or a prior Service
      Year
      of the Director (a “Registered Offering”), grant and issue to Director (as
      additional non-cash compensation for his services as director in lieu of
      additional cash director compensation and expressly not as compensation for
      any
      services in connection with any Company offering, which services are not being
      offered or provided by the Director) such number of shares having a fair market
      value (calculated as determined below) equal to the aggregate value of the
      Base
      Cash Compensation to be paid to the Director for the Service Year in which
      the
      registration statement for the Registered Offering is first declared effective.
      The fair market value of the shares to be issued to the Director shall be the
      initial offering price of the Company’s shares in the Registered Offering. The
      shares issued to the Director shall bear restrictive legends and shall be
      saleable and transferable only in accordance with SEC Rule 144, but may be
      registered for resale on Form S-8 or S-3 if and when determined by the full
      Board of Directors of the Company. In the event a Registered Offering is not
      effected during a Service Year, an amount equal to the Base Cash Compensation
      amount shall be paid to the Director in cash at the end of the Service Year
      in
      lieu of any share grant. If the Director does not serve on the Board of
      Directors for at least 12 months prior to the effectiveness of the Registered
      Offering, the total number of shares granted to the Director will be reduced
      on
      a pro rata basis to reflect time actually served on the Board of Directors
      prior
      to the effectiveness of the Registered Offering. The initial year’s Base Cash
      Compensation is considered earned when paid and is nonrefundable. Upon execution
      of this Agreement, the Company shall pay to the Director a pro rata portion
      of
      the initial Service Year’s Base Cash Compensation described above (pro-rated for
      the remaining portion of the Company’s then-current fiscal year). Thereafter,
      payment shall be due on or before the first business day of the Company’s next
      fiscal year and in succeeding fiscal quarters as described above. Such Base
      Compensation and grant shares may be adjusted from time to time as agreed by
      the
      parties. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    4. EXPENSES.
      In
      addition to the compensation provided in paragraph 3 hereof, the Company will
      reimburse Director for pre-approved reasonable business related expenses
      incurred in good faith in the performance of Director’s duties for the Company.
      Such payments shall be made by the Company upon submission by the Director
      of a
      signed statement itemizing the expenses incurred. Such statement shall be
      accompanied by sufficient documentary matter to support the
      expenditures.

    

    5. 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.

    

    6. NON-COMPETE.
      During
      the Term and for a period of twelve (12) months following the Director’s removal
      or resignation from the Board of Directors of the Company or any of its
      Subsidiaries or Affiliates (the "Restricted Period"), the 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 the 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
      the Director may hold, directly or indirectly, solely as an investment, not
      more
      than one percent (1%) 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, the 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.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    7. 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. If the director voluntarily resigns prior to October 1st of any
      year after the first year of this agreement, the Company shall be entitled
      to
      receive, upon written request by the Company, a prorated refund of the portion
      of the Base Cash Compensation that relates to the period after the termination
      date. Such written request must be submitted within ninety (90) days of the
      termination date. 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.

    

    8. INDEMNIFICATION.
      The
      Company shall indemnify, defend and hold harmless Director, to the full extent
      allowed by the law of the State of Nevada, and as provided by, or granted
      pursuant to, any charter provision, bylaw provision, agreement (including,
      without limitation, the Indemnification Agreement executed herewith), vote
      of
      stockholders or disinterested directors or otherwise, both as to action in
      Director’s official capacity and as to action in another capacity while holding
      such office. The Company and the Director are executing the Indemnification
      Agreement in the form attached hereto as Exhibit A.

    

    9. EFFECT
      OF WAIVER.
      The
      waiver by either party of the breach of any provision of this Agreement shall
      not operate as or be construed as a waiver of any subsequent breach
      thereof.

    

    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 and if by fax to 202.318.2502.

     

    11. GOVERNING
      LAW.
      This
      Agreement shall be interpreted in accordance with, and the rights of the parties
      hereto shall be determined by, the laws of the State of Nevada without reference
      to that state’s conflicts of laws principles.

    

    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 the 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. MISCELLANEOUS.
      If any
      provision of this Agreement shall be declared invalid or illegal, for any reason
      whatsoever, then, notwithstanding such invalidity or illegality, the remaining
      terms and provisions of the within Agreement shall remain in full force and
      effect in the same manner as if the invalid or illegal provision had not been
      contained herein.

    

    14. ARTICLE
      HEADINGS.
      The
      article headings contained in this Agreement are for reference purposes only
      and
      shall not affect in any way the meaning or interpretation of this
      Agreement.

    

    15. 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.

    

    16. 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.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

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

    

    
      	 	 	 
	 	WONDER
              AUTO
              TECHNOLOGY, INC.
	 
 	 
 	 
 
	 	By:  	/s/ Qingjie
              Zhao
	 	
              
Name: 
              Qingjie Zhao
	 	Title: CEO
              and President

      

      
        	 	 	 
	 	INDEPENDENT
                DIRECTOR
	 
 	 
 	 
 
	 	By:  	/s/ Lei
                Jiang 
	 	
                

                Name: Lei
                  Jiang

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