Document:

Exhibit
      10.18

     

    WONDER
      AUTO LIMITED

    No.
      56
      Lingxi Street

    Taie
      District

    Jinzhou
      City, Liaoning

    People’s
      Republic of China, 121013

    (86)
      0416-5186632

     

    June
      21,
      2006

     

    By
      Hand Delivery

    Meirong
      Yuan

    

    Dear
      Mr.
      Yuan:

     

    The
      purpose of this letter agreement (the “Agreement”) is to confirm your employment
      arrangement with WONDER AUTO LIMITED (the “Company”), on the following terms and
      conditions:

     

    1.  Duties.
      You
      will be employed as the Chief Financial Officer, subject to the supervision
      of
      the Chief Executive Officer. Your duties will include,
      but
      not
      be limited to, overseeing all financial matters relating to the Company,
      including the preparation of the Company’s financial statements and related
      matters. You shall devote your entire business time, energies, attention and
      abilities to the business of Company unless otherwise authorized by the board
      of
      directors. During your employment by Company, you shall not engage in any
      activity or have any business interest which in any manner interferes with
      the
      proper performance of your duties, conflicts with the interest of Company or
      brings into disrepute the business reputation of Company.

     

    2.  Salary.
      Your
      salary will be at the rate of Sixty Thousand Dollars ($60,000) per year, to
      be
      paid in monthly installments or otherwise in accordance with Company’s normal
      payroll practices.

     

    3.  Bonus.
      You
      shall be eligible for a bonus, which will be payable in the sole discretion
      of
      Company based upon your performance and the Company’s performance during any
      year of your employment with the Company.

     

    4.  Term
      of Employment.
      You
      will be an employee-at-will. This means that either you or Company may end
      your
      employment at any time, with or without cause, and with or without
      notice.

     

    5.  Vacation.
      You
      shall be entitled to twenty paid vacation days. You may not take more than
      10
      vacation days consecutively. Vacation days will not be carried over to future
      years of employment.

     

    6.  Incentive
      and Other Plans.
      You
      will be entitled to participate in such pension, 401(k), major medical, life
      insurance and other plans and benefit programs as may be made available from
      time to time to employees of Company having responsibilities comparable to
      yours
      and under the terms of which you are eligible to participate.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    7.  Company
      Policies.
      You
      shall at all times be subject to and comply with policies, rules and procedures
      of Company then in effect, including without limitation with respect to hours
      of
      work, holidays, vacation and sick leave and pay, conflict of interest, improper
      payments, political contributions and payments to government
      officials.

     

    8.  Patents.
      You
      hereby assign to Company all rights to any inventions, techniques, processes,
      concepts, ideas, programs, source codes, formulae, research and development
      and
      marketing plans, whether or not patentable or copyrightable, made, conceived
      or
      reduced to practice by you during the course of your employment by
      Company.

     

    9.  Covenants.
      During
      your employment by Company and at all times thereafter, you shall not (a)
      disrupt, disparage, impair or interfere with the business of Company or (b)
      disclose to anyone else, directly or indirectly, any proprietary or business
      sensitive information concerning the business of Company or use, or permit
      or
      assist, by acquiescence or otherwise, anyone else to use, directly or
      indirectly, any such information. Such information shall include all information
      to the extent not generally known to the public which, if released to
      unauthorized persons, could be detrimental to the reputation or business
      interests of Company or parties with which Company contracts or which would
      permit such person to benefit improperly.

     

    10.  Company
      Property.
      Upon
      termination of your employment for any reason, you shall promptly deliver to
      Company all property belonging to Company and shall not retain any copies of
      any
      correspondence, reports, lists or other documents relating in any way to the
      affairs of Company or its clients.

     

    11.  Non-Solicitation.
      During
      the term of your employment by Company and for a period of twelve months
      following the termination of your employment, whether voluntary or involuntary,
      you shall not, directly or indirectly:

     

    (a)  solicit
      customers or business patronage which results in competition with the business
      of Company or any of its affiliates, or

     

    (b)  approach
      or attempt to induce any person who is then in the employ of Company to leave
      the employ of Company or employ or attempt to employ any person who was in
      the
      employ of Company at any time during the prior twelve months.

     

    12.  Notices.    All
      notices hereunder shall be to the parties’ addresses set forth above for the
      Company and on the Signature Page for you, in writing and given by registered
      or
      certified mail, return receipt requested, postage and registration fees prepaid,
      and shall be deemed given when so mailed. The addresses set forth herein may
      be
      changed by notice given in the manner set forth in this Section.

     

    13.  Miscellaneous.  
      This Agreement (a) shall be governed by, and construed in accordance with,
      the
      laws of the British Virgin Islands, without regard for the conflict of laws
      principles thereof, (b) shall inure to the benefit of, and shall be binding
      upon, the parties hereto and their respective heirs, legal representatives
      and
      assigns, (c) may not be changed orally but only by an agreement in writing
      signed by the party against whom any waiver, change, amendment, notification
      or
      discharge is sought, and (d) contains the entire agreement between the parties
      hereto with respect to the subject matter hereof and supersedes all prior
      agreements, oral or written, between the parties hereto. The invalidity of
      all
      or any part of any section of this Agreement shall not render invalid the
      remainder of this Agreement. If any provision of this Agreement is so broad
      as
      to be unenforceable, such provision shall be interpreted to be only so broad
      as
      is enforceable.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    Very
      truly yours,

     

    WONDER
      AUTO LIMITED

     

    By:/s/
      Qingjie Zhao

    Name:
      Qingjie Zhao

    Title:
      CEO and Chairman

    

     

    ACCEPTED
      AND AGREED TO 

    AS
      OF THE
      DATE FIRST ABOVE

    WRITTEN:

    
 

    /s/
      Meirong Yuan

    MEIRONG
      YUAN

    

    

    Address:
      

    

    c/o
      Wonder Auto Limited

    No.
      56
      Lingxi Street

    Taihe
      District

    Jinzhou
      City, Liaoning

    People’s
      Republic of China, 121013

     

    
      
         

      

      
        3Exhibit
      10.19

    Employment
      Contract

    

    Parties

    Jinzhou
      Halla Electrical Equipment Co., Ltd (Party A)

    

    Seuk
      Jun
      Kim (Party B)

    

    December
      1st,
      2003

    

    1.  The
      term
      of the contract is from
      December 1st,
      2003 to
      December 31st,
      2006.

     

    2.  Party
      B
      will be employed as Vice President of Research and Development.

     

    3.  Party
      A
      shall comply with the regulations, including regulations regarding improving
      the
      company’s sanitary conditions and working conditions. 

     

    4.  Party
      A
      shall provide reasonable compensation based on Party B’s work
      performance.

     

    5.  Party
      A
      shall ensure the rights of Party B regarding employment, education and
      employment awards.

     

    6.  Party
      A
      shall purchase certain insurance for the benefits of Party B.

     

    7.  Party
      A
      can set forth requirements related to Party B’s work performance.

     

    8.  Party
      B
      shall comply with rules and regulations established by Party A.

     

    9.  Party
      B
      shall be entitled to benefits enumerated by applicable laws.

     

    10.  Pursuant
      to the following situations, both parties can modify the contract

     

    	a.  	
            Change
              of Party A’s structure or business.

          

     

    	b.  	
            Agreed
              by both parties

          

     

    	c.  	
            Change
              of applicable laws

          

     

    11.  Pursuant
      to the following situations, Party A can terminate the contract

     

    	a.  	
            Party
              B fails to satisfy necessary
              qualifications.

          

     

    	b.  	
            Party
              A is insolvent or in the proceeding of bankruptcy.
              

          

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

       

    

    12.  Pursuant
      to the following situations, Party B can terminate the contract

     

    	a.  	
            Party
              A fails to purchase insurance policy for the benefits of Party
              B

          

     

    	b.  	
            The
              working condition have materially adverse effect on Party B’s
              health.

          

     

    13.  Party
      A
      cannot terminate the contract in the following circumstances

     

    	a.  	
            Without
              good cause set forth in article 11.

          

     

    	b.  	
            Party
              B is injured during the employment.

          

     

    14.  The
      contract shall automatically be terminated when Party B is subject to any
      criminal charges and proceedings.

     

    15.  Both
      parties can terminate the contract by giving notice to the other party 30 days
      before the termination date of the employment. 

     

    16.  The
      contract shall expire at the expiration date.

     

    17.  A
      party
      shall be responsible for damages caused by its breaches of this
      contract.

     

    18.  Other
      provisions

     

    	a.  	
            Party
              A can terminate the contract in the following
              circumstances

          

     

    	i.  	
            Party
              B engage in business during his vacation.

          

     

    	ii.  	
            Violation
              of regulations and rules set forth by Party A.

          

     

    	iii.  	
            If
              Party B terminate the contract without cause, Party B shall pay RMB1,000
              to Party A for reimbursement of the training expenses.
              

          

     

    Jinzhou
      Halla Electrical Equipment Co., Ltd (Party A)

    /s/
      Yuncong Ma

    

    Seuk
      Jun
      Kim (Party B)

    /s/
      Seuk Jun Kim

     

    2

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