Document:

Exhibit 10.1

SETTLEMENT AGREEMENT

This Settlement Agreement (“Agreement”) is made and dated as of the December, 15 2011, between Aurora Gold Corp., a Delaware corporation having an address at C/- Coresco AG, Level 3, Gotthardstrasse 20, 6304 Zug, Switzerland (“Aurora”), and [] (“Creditor”).

WHEREAS, Creditor is due and owed USD $[] for services to the Company;

WHEREAS, the parties are desirous of compromising and settling financial liability in conjunction with the Consulting Agreement.

NOW, THEREFORE, in consideration of the mutual agreements, promises and covenants herein, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows:

ARTICLE I.

Settlement and Releases

1. 1. Settlement Payment. Aurora hereby agrees to deliver to Creditor on or before December 31, 2011, [] shares (the “Registrable Securities”) of its common stock (the “Settlement Payment”) in full satisfaction of its obligations claimed to be due and owed to Creditor;

1.2 Mutual Releases. (a) Except with regard to the obligations of Aurora hereunder and as to any claims arising as a result of a breach of Aurora’s obligations hereunder, Creditor individually and on behalf of its successors and assigns, does hereby fully release, remise and forever discharge Aurora and its respective officers, directors, shareholders, employees, subsidiaries, attorneys, representatives and agents from any and all debts, obligations, liabilities, accountings, promises, covenants, agreements, contracts, controversies, suits, actions, causes of actions, judgments, damages, claims, demands, in law or in equity, which Creditor ever had, now has, or hereafter can, shall or may have against them for, upon or by reason of any matter, cause or thing whatsoever, from the beginning of the world to the date hereof.

(b) Except with regard to the obligations of Creditor hereunder, and as to any claims arising as a result of a breach of Creditor’s obligations hereunder, Aurora does hereby fully release, remise and forever discharge Creditor and its attorneys, representatives and agents from any and all debts, obligations, liabilities, accountings, promises, covenants, agreements, contracts, controversies, suits, actions, causes of actions, judgments, damages, claims, demands, in law or in equity, which Aurora ever had, now have, or hereafter can, shall or may have against them for, upon or by reason of any matter, cause or thing whatsoever, from the beginning of the world to the date hereof.

(c) The releases set forth in this Agreement are intended by the parties to release all claims, whether known, unknown, foreseen, unforeseen, patent or latent, which one party may have against the other as of the date of this Agreement. Each party understands and acknowledges the significance and consequence of such specific intention to release all claims.

(d) Anything herein to the contrary notwithstanding, should Aurora fail to make the Settlement Payment, the release of Aurora given by Creditor shall be null and void and of no force and effect.

1.3 (a) The Creditor represents and warrants that is not a “U.S. Person” as defined in Regulation S of the Securities Act of 1933 (“Regulation S”).

 

  

  

  

(b) Acknowledgement of and Consent to Restrictive Legend. The certificates representing the shares shall bear the following or similar legend:

“THESE SECURITIES WERE ISSUED IN AN OFFSHORE TRANSACTION TO PERSONS WHO ARE NOT U.S. PERSONS (AS DEFINED IN REGULATION S) PURSUANT TO REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”). ACCORDINGLY, NONE OF THE SECURITIES TO WHICH THIS CERTIFICATE RELATES HAVE BEEN REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, NONE MAY BE OFFERED OR SOLD IN THE UNITED STATES OR, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN ACCORDANCE WITH THE 1933 ACT.”

ARTICLE II

General Terms

2.1 Full Information. This Agreement is executed by each party after having obtained the advice, or being given the opportunity to obtain the advice, of counsel.

2.2 Entire Agreement. This Agreement constitutes and expresses the entire agreement between the parties hereto with respect to any of the matters and things herein provided for and all prior agreements, understandings, obligations or statements by and between the parties concerning the subject matter hereby will be merged with and into and be superseded by this Agreement and shall be of no further force and effect. No modification, amendment or waiver of any provision of this Agreement, or any consent to any departure by any party from the terms hereof, shall be effective unless the same be in writing and signed by all parties hereto.

2.3 Invalidity. If any part of this Agreement, or the application thereof to any person or circumstance, shall be determined by a court of competent jurisdiction to be invalid or unenforceable, the remainder of this Agreement, or the application of such term or provision to persons or circumstances other than those as to which it is determined to be invalid or unenforceable, shall not be affected thereby, and each term and provision of this Agreement shall be valid and enforced to the fullest extent permitted by law.

2.4 Authority of Person Signing. Each of the parties to this Agreement has full power and authority to execute, deliver and perform this Agreement, and this Agreement is the legal, valid and binding obligation of each of the parties hereto, and is enforceable in accordance with its terms and conditions. The person executing this Agreement on behalf of a party hereto represents to the other party that he/she is duly authorized to execute this Agreement.

2.5 Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the permitted successors and assigns of each of the parties hereto.

2.6 Counterparts. This Agreement may be executed in two or more counterparts, all of which shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party. This Agreement, once executed by a party, may be delivered to the other parties hereto by facsimile transmission of a copy of this Agreement bearing the signature of the party so delivering this Agreement. In the event any signature is delivered by facsimile transmission, the party using such means of delivery shall cause the manually executed execution page(s) hereof to be physically delivered to the other party within five days of the execution hereof, provided that the failure to so deliver any manually executed execution page shall not affect the validity or enforceability of this Agreement.

 

  

  

  

2.7 Further Cooperation. Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby.

2.8 Captions, Headings and Gender. Captions and section headings used herein are for convenience only and are not a part of this Agreement and shall not be used in construing it. The use of masculine third person singular pronoun in this Agreement shall be deemed to include the feminine and neuter third person singular pronoun. The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent and no rules of strict construction will be applied against any party.

2.9 Piggy-Back Registrations. If at any time prior to the expiration of (i) Aurora shall determine to file with the Commission a Registration Statement relating to an offering for its own account or the account of others under the Securities Act of 1933 Act of any of its equity securities (other than on Form S-4 or Form S-8 or their then equivalents relating to equity securities to be issued solely in connection with any acquisition of any entity or business or equity securities issuable in connection with stock option or other employee benefit plans), and (ii) there is not then a Registration Statement in effect with respect to the Registrable Securities, then Aurora shall send to the Signatory written notice of such determination and, if within fifteen (15) days after the effective date of such notice, the Signatory shall so request in writing, Aurora shall include in such registration statement all or any part of the Registrable Securities the Signatory requests to be registered, except that if, (i) inclusion of such shares would result in the offering not being Rule 415 Eligible, or (ii) in connection with any underwritten public offering for the account of Aurora, the managing underwriter(s) thereof shall impose a limitation on the number of shares of Common Stock which may be included in the Registration Statement because, in such underwriter(s)' judgment, marketing or other factors dictate such limitation is necessary to facilitate public distribution, then Aurora shall be obligated to include in such Registration Statement only such limited portion of the Registrable Securities with respect to which the Signatory has requested inclusion hereunder (i) as would enable the offering to be Rule 415 Eligible or (ii) as the underwriter shall permit;

2.10 Notice. Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be in writing and shall be deemed given and effective on the earliest of (i) the date of transmission, if such notice or communication is delivered via facsimile at the facsimile telephone number specified in this Section 2.9 prior to 4:30 p.m. (Delaware time) on a business day, (ii) the business day after the date of transmission, if such notice or communication is delivered via facsimile at the facsimile telephone number specified in the this Agreement later than 4:30 p.m. (Delaware time) on any date and earlier than 11:59 p.m. (Delaware time) on such date, (iii) the business day following the date of mailing, if sent by nationally recognized overnight courier service, or (iv) upon actual receipt by the party to whom such notice is required to be given. The address for such notices and communications shall be as follows or such other address as may be designated in writing hereafter, in the same manner, by such party.

If to Aurora Gold Corp.:

Aurora Gold Corp.

C/- Coresco AG, Level 3, Gotthardstrasse 20, 6304 Zug, Switzerland

Attn: Ross Doyle, CFO

 

  

  

  

If to Creditor:

[]

2.11 Effectiveness. This Settlement Agreement shall not be deemed effective until executed by both parties hereto.

2.12 Governing Law. The corporate laws of the State of Delaware shall govern all issues concerning the relative rights of Aurora and its stockholders. All other questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by the internal laws of the State of New York, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of New York or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State of New York. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting the City of New York, for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper. Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof to such party at the address for such notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. If any provision of this Agreement shall be invalid or unenforceable in any jurisdiction, such invalidity or unenforceability shall not affect the validity or enforceability of the remainder of this Agreement in that jurisdiction or the validity or enforceability of any provision of this Agreement in any other jurisdiction. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION HEREWITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY NOW, THEREFORE, intending to be bound, as of the date written above, the parties execute this Agreement under seal.

	
Aurora Gold Corporation

	 	
(Creditor)

	  	 	  
	
By:

	  	 	
By:

	  
	  	 	  
	
Name: Ross Doyle

	 	
Name:

	
Chief Financial OfficerExhibit 10.2(a)

The information that is marked [REDACTED] herein has been omitted pursuant to a request for confidential treatment and the redacted information has been filed with the SEC separately

 

LOAN AGREEMENT

This Loan Agreement (the “Agreement”) is entered into as of Oct. 12, 2010 between and by the following Parties in Dalian, People’s Republic of China (“China” or “PRC”):

	
Party A:

	
Dalian Xinding New Material Technology Consultancy Inc., with the registered address of Rm# 2122, Unit one, No. 112 Youhao Road, Zhongshan District, Dalian; and the legal representative is Liang Hai-yan; and

	
 Party B: 

	
 Zong-li Li , with the address of 2-11-1 No. 228 Zhongqing Street, Zhongshan District, Dalian; and the ID number of 230827196803054517. 

   WHEREAS,

 

	
1.

	
Party A, a wholly foreign-owned enterprise duly incorporated and validly existing under the PRC laws;

 

	
2.

	

Party B, a PRC citizen and the shareholder of Dalian TOFA New Material Development Co., Ltd. (“Domestic Company”) holding 15.7  % equity interests of Domestic Company; and

 

	
3.

	

Party A and Party B concluded a loan agreement, pursuant to which Party A agreed to provide the interest free loan to Party B with the amount of RMB 2,355,000 for Party B in order to clear the debt occurred when to establish Domestic Company.

NOW, THEREFORE, in order to clarify the Parties’ rights and obligations, through friendly negotiations, the Parties hereby agree as follows:

 

	
1.

	
Loan

  

	
  

	
1.1

	

Under the provisions and conditions of this Agreement, Party A will provide an interest-free loan to Party B with the principal as RMB 2,355,000 .

 

	
  

	
1.2

	
Party B agrees that after it receives the payment of loan, it will use all of the loan for clearing the debt occurred for establishing Domestic Company.

	
2.

	
Term of Loan

 

	 	
2.1.

	
The term of such loan starts from the date when Party B receives the first payment of loan from Party A, until ten (10) years after signing this Agreement and could be extended upon the written confirmation by Party A and the extended period shall be determined by Party A.

 

	 	
2.2.

	
During the term or extended term of such a loan, Party A may accelerate the loan repayment in written notice, if any of the following events occurs:

 

  

  

  

 

	
  

	
(1)

	
Party B dies or becomes a person without capacity or with limited capacity for civil acts;

 

	
  

	
(2)

	
Party B commits a crime or is involved in a crime;

 

	
  

	
(3)

	
Any other third party claims more than RMB100,000 against Party B;

 

	
  

	
(4)

	
Any statement or warranties made by Party B under this Agreement is untrue or in accurate in any material aspects; or Party B breaches the obligations under this Agreement; or

 

	
  

	
(5)

	
Party A has a written notice to Domestic Company and exercised its right of purchase in accordance with the terms of Equity Interest Purchase Agreement (“Purchase Agreement”).

 

	
3.

	
Repayment of Loan

 

	 	
3.1.

	
The Parties herein agree and confirm that Party B or their successors or assignees have to repay the loan only by the following methods: transfer all equity interest in Domestic Company to Party A in compliance with PRC laws and use the proceeds to repay the loan when the loan is due and Party A gives a written notice.

 

	 	
3.2.

	
Without the written consent made by Party A, Party B shall not repay such loan partially or in full.

 

	 	
3.3.

	
Based on the Clause 3.1, all parties herein agree and confirm that, according to the PRC laws, Party A or its designated person (including natural person, legal entity or any other entity) has the right, but not the obligation, to purchase all or part of the equity interest held by Party B in Domestic Company (the “Option”) at anytime, however, Party A shall notify Party B of such purchase of equity interests with a written notice. Once the written notice for exercising the Option is issued by Party A, Party B shall sell his all or part of equity interests of Domestic Company upon Party A’s request and instructions (including the equity interest obtained by any methods after such notice date) with the original invest price (the “Original Investment Price”, means RMB 150,000 for each 1% of equity interests) or price otherwise stipulated by laws according to the consent of Party A to Party A or its designated person. All parties agree and confirm that when Party A exercises the Option, the price that allowed by the applicable law at the time is higher than the Original Investment Price, Party A shall purchase the equity interests at the lowest price in accordance with the applicable law; if the lowest price is higher than the Original Investment Price, Party B shall reimburse the exceeding amount to Party A pursuant to Article 4 of this Agreement. All parties agree to execute the Purchase Agreement in connection with above matters.

 

	 	
3.4.

	
The Parties agree to complete the registration for changing the shareholder at relevant administration for industry and commerce authorities; and the equity transfer abovementioned shall be considered as complete after Party A or its designated person is registered as legal owner of target equity interests.

 

  

  

  

 

	
4.

	
Interests of Loan

All parties agree and confirm that this loan is an interest-free loan unless otherwise provided in this Agreement. But if the loan is due and Party B has to transfer his equity interests in Domestic Company to Party A pursuant to this Agreement or its designated person and the proceeds exceed the loan principal due to the legal requirement or other reasons, the extra amount over the principal of proceeds will be considered as the interests or capital use cost, which shall be repaid to Party A.

 

	
5.

	
Party B’s Representation, Warranties and Promises

 

	 	
5.1

	
Party B shall deliver the copy of Capital Contribution Certificate which evidences he owns 15.7 % equity interests of Domestic Company to Party A.

 

	
  

	
5.2

	
As the guarantee of the loan, Party B agrees to pledge all equity interests held in Domestic Company to Party A and grant Party A an option right to purchase such equity interests; and Party B agrees to execute the Equity Pledge Agreement and Purchase Agreement upon the request of Party A.

 

	
  

	
5.3

	
Without prior written consent by Party A, not, upon the execution of this Agreement, to sale, transfer, mortgage or dispose, in any other form, any equity interests or any other rights, or to approve any other security interest set on it except the set is for the Party A’s benefit.

 

	
  

	
5.4

	
Without the prior written consent by Party A, not to decide or support or execute any shareholders resolution on Domestic Company’s shareholders’ meeting that approves any sale, transfer, mortgage or dispose of any legitimate or beneficial interest of equity interest, or allows any other security interest set on it, other than made to Party A or its designated persons.

 

	
  

	
5.5

	
Without prior written notice by Party A, they shall not agree or support or execute any shareholders resolution on the Domestic Company’s shareholders’ meeting that approves Domestic Company to merger or associate with any person (under this Agreement, the “person” means individual, company, partnership or other entities), acquire any person or invest in any person.

	
  

	
5.6

	
Without prior written consent by Party A, not to take any action or any nonfeasance that may affect materially Domestic Company’s assets, business and liabilities; Without prior written consent by Party A, not, upon the execution of this Agreement, to sale, transfer, mortgage or dispose, in any other form, any asset, legitimate or beneficial interest of business or income of Domestic Company, or to approve any other security interest set on it.

 

  

  

  

 

	
  

	
5.7

	
Upon the request of Party A, to appoint any person designated by Party A to be the directors and senior management personnel of Domestic Company.

 

	
  

	
5.8

	
Upon the exercise of the option and to the extent permitted by PRC laws, to transfer all or part of equity interests of Domestic Company held by Party B to the person designated by Party A in any time unconditionally, and to waive the first right of refusal for the equity interests to be transferred held by the other shareholder of Domestic Company.

 

	
  

	
5.9

	
Not to request Domestic Company to distribute the dividend; and not to approve any shareholders’ resolution which may cause Domestic Company to distribute dividend to its shareholders.

 

	 	
5.10

	
Without prior written consent by Party A, not, in any form, to supplement, change or modify the Articles of Association of Domestic Company, to increase or decrease registered capital of the corporation, or to change the structure of the registered capital in any other forms.

 

	 	
5.11

	
According to fair finance and business standard and tradition, to maintain the existence of the corporation, prudently and effectively operate business and deal with works; to provide materials relating to Domestic Company’s operation and financial conditions upon Party A’s request; and to normally operate all business to maintain the asset value of Domestic Company.

 

	 	
5.12

	
Without prior written notice by Party A, not cause, inherit, guarantee or allow the existence of any debt, other than (i) the debt arising from normal or daily business but not from borrowing; and (ii)the debt disclosed to Party A and obtained the written consent from Party A.

 

	 	
5.13

	
Without prior written consent by Party A, not to enter into any material agreement, other than the agreement in the process of normal business (as in this paragraph, the amount in the agreement that exceeds a hundred thousand Yuan (RMB 100,000) shall be deemed as a material agreement).

 

	 	
5.14

	
In order to keep its ownership of the equity interest, to execute all requisite or appropriate documents, conduct all requisite or appropriate actions, and make all requisite or appropriate claims, or make requisite or appropriate defend against fall claims of compensation; to notify Party A the occurrence or the potential occurrence of any litigation, arbitration or administrative procedure related to Domestic Company.

	 	
5.15

	
To exercise the rights as Domestic Company’s shareholder upon the request by Party A and only upon Party A’s written authorization.

 

	 	
5.16

	
To prudently comply with the provisions of this Agreement and perform all obligations under this Agreements, without taking any action or any nonfeasance that sufficiently affects the validity and enforceability of this Agreement.

 

  

  

  

 

	 	
5.17

	
The Parties agree and confirm the meaning of “Party A’s written notice” pursuant to this Agreement means the consent shall be approved by the board of Party A, but if such consent only approved by Party A, such consent shall not be deemed as satisfied with the obtaining of written notice from Party A.

 

	
6.

	
Taxes and Expenses

Unless otherwise provided in this Agreement, the Parties shall, according to the PRC laws, bear any and all taxes and expenses pursuant to this Agreement. Other taxes and reasonable expense regarding the loan shall be borne by Party A.

 

	
7.

	
Effectiveness and Termination

 

	
  

	
7.1

	
This Agreement is concluded upon its execution and takes effect on the date hereof.

 

	
  

	
7.2

	
The Parties agree and confirm that this Agreement shall be terminated when the Parties has completed to perform their obligation under this Agreement; the Parties further agree and confirm that Party B shall be deemed the completion of performing their obligations under this agreement only if the following requirements are met:

 

	
  

	
(1)

	
Party B has transferred all equity interests of Domestic Company to Party A and/or its designated person; and,

 

	
  

	
(2)

	
Party B has repaid the total amount caused from the equity interest transferring according to this Agreement or the proceeds stipulated by Purchase Agreement to Party A.

 

	
  

	
7.3

	
Party B cannot terminate or revoke unilaterally this Agreement unless (1) Party A commits the gross negligence, fraud or other material illegal action; or (2) Party A terminates as a result of bankruptcy, dissolution, or being ordered to be closed down according to laws.

 

	
8.

	
Breach of Contract

 

	
  

	
8.1

	
If any party (“Defaulting Party”) breaches any provision of this Agreement, which may cause the damages of the other party (“Non-defaulting Party”), the Non-defaulting Party could notify the Defaulting Party in written and request it to rectify and correct such breach of contract; if the Defaulting Party cannot take any action satisfied by Non-defaulting Party and rectify and correct such breach within fifteen (15) days upon the issuance of the written notice, the Non-defaulting Party could take the actions pursuant to this Agreement or other measures in accordance with laws.

 

	
  

	
8.2

	
If Party B can not repay the loan pursuant to this Agreement, Party B shall pay the penalty at a rate of 0.2‰ per day for any outstanding loan to Party A (from the request date for repayment by Party A), and shall also indemnify Party A on a full indemnity basis against all direct economic damages due to breach of contract by Party A (including but not limited to market value of pending equity interests held by Party B or outstanding loan, which is the higher).

 

  

  

  

 

	
9.

	
Confidentiality

The Parties acknowledge and confirm any oral or written materials exchanged by the Parties in connection with this Agreement are confidential. The Parties shall maintain the secrecy and confidentiality of all such materials. Without the written approval by the other Parties, any Party shall not disclose to any third party any relevant materials, but the following circumstances shall be excluded:

 

	
  

	
(a)

	
The materials that is known or may be known by the Public (but not include the materials disclosed by each party receiving the materials );

 

	
  

	
(b)

	
The materials required to be disclosed subject to the applicable laws or the rules or provisions of stock exchange; or

 

	
  

	
(c)

	
if any documents required to be disclosed by any party to its legal counsel or financial consultant for the purpose of the transaction of this Agreement by any party, such legal counsel or financial consultant shall also comply with the confidentiality as stated hereof. Any disclosure by employees or agencies employed by any party shall be deemed the disclosure of such party and such party shall assume the liabilities for its breach of contract pursuant to this Agreement. This Article shall survive whatever this Agreement is void, amended, cancelled, terminated or unable to perform.

 

	
10.

	
Notices

Notices or other communications required to be given by any party pursuant to this Agreement shall be in written and delivered personally or sent by registered mail or postage prepaid mail or by a recognized courier service or by facsimile transmission to the address of relevant each party or both parties set forth below or other address of the party or of the other addressees specified by such party from time to time. The date when the notice is deemed to be duly served shall be determined as the follows: (a) a notice delivered personally is deemed duly served upon the delivery; (b) a notice sent by mail is deemed duly served the seventh (7th) day after the date when the air registered mail with postage prepaid has been sent out (as is shown on the postmark), or the fourth (4th) day after the delivery date to the internationally recognized courier service agency; and (c) a notice sent by facsimile transmission is deemed duly served upon the receipt time as is shown on the transmission confirmation of relevant documents.

 

	
Party A:

	
Dalian Xinding New Material Technology Consultancy Inc.,

	
Legal Address:

	
Rm# 2122, Unit One, No. 112 Youhao Road, Zhongshan District, Dalian

	
Postcode:

	
116001

	
Tel:

	
  

	
Fax:

	
  

	
Party B:

	
Zong-li Li

	
 Legal Address:  

	

 2-11-1 No. 228 Zhongqing Street, Zhongshan District, Dalian 

	
 Postcode:  

	

 116000 

	
 Tel:  

	

 0411-62889626 

	
 Fax:  

	

 0411-82789759 

 

  

  

  

 

	
11.

	
Applicable Law and Dispute Resolution

 

	 	
11.1

	
The execution, validity, performance and interpretation of this Agreement and the disputes resolution under this Agreement shall be governed by PRC laws.

 

	 	
11.2

	
The parties shall strive to settle any dispute arising from this Agreement through friendly consultation.

 

	 	
11.3

	
In case no settlement can be reached through consultation within thirty (30) days after such dispute is raised, each party can submit such matter to Dalian Arbitration Commission in accordance with its then effective rules. The arbitration shall take place in Dalian. The arbitration award shall be final conclusive and binding upon both parties. If there is any dispute is in process of arbitration, other then the matters in dispute, the Parties shall perform the other rights and obligation pursuant to this Agreement.

 

	
12.

	
Miscellaneous

 

	 	
12.1

	
The headings contained in this Agreement are for the convenience of reference only and shall not affect the interpretation, explanation or in any other way the meaning of the provisions of this Agreement.

 

	 	
12.2

	
The Parties confirm that this Agreement shall constitute the entire agreement of the Parties upon its effectiveness with respect to the subject matters therein and supersedes and replaces all prior or contemporaneous verbal or/and written agreements and understandings.

 

	 	
12.3

	
This Agreement shall be binding and benefit the successor of each Party and the transferee allowed by each Party. Without the prior written notice by Party A, Party B shall not transfer, pledge or dispose in other manners its rights, interest and obligation pursuant to this Agreement.

	 	
12.4

	
Party B hereby agrees that, (i) if Party B dies, Party B agree to transfer the rights and obligation pursuant to this Agreement to the person designated by Party A; (ii) Party A could transfer its rights and obligation pursuant to this Agreement to other third parties. Party A only needs to issue a written notice to Party B for such transfer and no need to obtain the consent by Party B.

 

	 	
12.5

	
Any delay of performing the rights under the Agreement by either Party shall not be deemed the waiver of such rights and would not affect the future performance of such rights.

 

  

  

  

 

	 	
12.6

	
If any provision of this Agreement is judged as void, invalid or non-enforceable according to relevant laws, the provision shall be deemed invalid only within the applicable area of the PRC Laws, and the validity, legality and enforceability of the other provisions hereof shall not be affected or impaired in any way. The Parties shall cease performing such void, invalid or non-enforceable provisions and replace those void, invalid or non-enforceable provisions with valid provisions to the extent which such provisions could be valid, effective and enforceable.

 

	 	
12.7

	
Any matters excluded in this Agreement shall be negotiated by the Parties. Any amendment and supplement of this Agreement shall be made by the Parties in writing. The amendment and supplement duly executed by each Party shall be deemed as a part of this Agreement and shall have the same legal effect as this Agreement.

 

	 	
12.8

	
This Agreement is executed with four (4) original copies; each Party holds two (2) original copies and each original copy has the same legal effect.

 

  

  

  

 

IN WITNESS THEREFORE, the parties hereof have caused this Agreement to be executed by their duly authorized representatives as of the date first written above.

Party A: Dalian Xinding New Material Technology Consultancy Inc.,

Legal/Authorized Representative: (Under Seal)

Party B: Zong-li Li

Signature: /s/ Zong-li Li

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