Document:

Unassociated Document

  
     

     

      
        

      

    

     

    
      Exhibit 10.1

      

      -Unofficial
Translation-

      

      Employment
Contract

      

      Party A:
Gulf Resources,
Inc

      Party
B: Mr. Liu
Xiaobin

      Date:
12 March
2009

      Comply
with the <Chinese Employment Law>, <Chinese Employment Contract Law>
and related regulation and law, both Party A and Party B agree to sign the
contract and will comply with the all the clauses listed in this
contract.

      

      1. Basic
Information

      

      
        	
                (1)  

              	
                Party
      A:  Gulf Resources,
      Inc

              

      

      Legal
Representative:  Yang
Ming

      

      
        	
                (2)  

              	
                Party
      B  Liu
      Xiaobin  , Gender: Male

              

      

      Type of
Identity: Non
Agricultural

      ID:  612322196805132017

      Start
Working Date in Party A: March 12,
2009

      Home
Address: No.6 C,
Building 17,Hongrui Park, Nanshan District, Shenzhen City, Guangdong
Province,PRC

      2
Contract Term

       

      
        	
                2.

              	
                The
      contract has a fixed term duration.

              
	      
                (3)

              	      
                The
      contract start being effective from March 12, 2009
      and will be terminated on the date of March
      11,2012.

              

      

      

      3. Main
Work and Working Location

      (4) Party
B agrees to fill in the position as Director of the Board and
CEO as needed by Party A.

      

      (5) The
working location is the Chinese real operation
facility of Gulf Resources.

      

      (6) The
working of Party B should lead Gulf moving to NASDAQ
through following US requirements.

      

      4
..Working hours and Holidays

      (7) Party
A will arrange a fixed working schedule of Party B. Party B will not work over 8
hours per day, not over 40 hours a week. If the workload of Party B over the
stated time or have temporary work, Party A should obtain the permit from
related regulator.

      

      (8) The
holidays issued for Party B will follow Chinese Public Holidays
policy.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        
          

        

      5.
Compensation

      (9) Party
A will pay the monthly compensation to Party B before 20th each
month, the monthly compensation is $3,525 ( RMB
25,000).

      

      6. Other
Welfare

      (10)
Party A and B will participate in Chinese Society Insurance Program, Party A
will conduct the procedure for Party B and take certain obligation.

      

      (11) If
Party B is sick or Injured during the work, the expenses will following the
related policies by the government.

      

      (12) If
Party B encounters occupational desease or Injured during the work, the expenses
will following the related policies by the government.

      

      7.
Protection of Employment Terms and harm

      (15) Due
to the position requirement, Party A prepare the safety conduction and provide
safety goods to Party B complying with government policy and
regulation.

      

      (16)  Party
B should comply with Party A’s safety employment policy and prevent illegal
action and accident to reduce occupation risks.

      

      (17)
Party A should enhance occupational desease management and establish related
policies.

      8 The
termination of Contract and redeem

      

      (18)
Party A and B terminate or renew the contract should comply with the <Chinese
Employment Contract Law>

      

      (19) When
the contract is terminated, Party A will provide a confirmation letter to Party
B and finish all the related leaving matters within 15 days.

      

      (20)
Party B should pass the working depending the contract requirement, if need to
be redeemed, should be done as working pass.

      

      10. The
conduction of disputant and others

      (21) If
there is disputant between two parties, can apply for intermediation to
Intermediation Commission; if can’t be resolved, can apply to arbitrate
commission.

      

      (22) If
there is any conflict to regulation or policies stated by Government and Beijing
local government, can be conducted complying with regulation.

      

      (23)
There are two copies of the contract, each Party hold one copy.

      

      Party A
(Signature)               (signed
by Ming Yang)

      Party B (
Signature)                   (signed
by Xiaobin Liu)

      

      

      Legal
Representative

      

      Date: Mar
12, 2009Unassociated Document

  
     

    
      Exhibit 10.11

      

      

      -Unofficial
Translation-

      

      Employment
Contract

      

      Party A:
Gulf Resources,
Inc

      Party B:
Mr. Jiang
Shitong

      Date:
1 Apr
2008

      Comply
with the <Chinese Employment Law>, <Chinese Employment Contract Law>
and related regulation and law, both Party A and Party B agree to sign the
contract and will comply with the all the clauses listed in this
contract.

      

      1. Basic
Information

      

      (1)       Party
A: Gulf Resources,
Inc

      Legal
Representative: Yang
Ming

      (2)       Party
B Jiang
Shitong, Gender: Male

      Type of
Identity: Non
Agricultural

      ID: 370105196810303395

      Start
Working Date in Party A:  April 1, 2008

      Home
Address: Room 302 Unin8/3, No 82 Bohai Road, Shouguang City, Shandong
Province

      

      2.
Contract Term

      (3) The
contract has a fixed term duration.

      The
contract start being effective from April 1, 2008 and
will be terminated on the date of 31 Mar
2011.

      

      3. Main
Work and Working Location

      (4) Party
B agrees to fill in the position as Independent Director &
Chairman of the Audit Committee as needed by Party A.

      

      (5) The
working location is the Chinese real operation
facility of Gulf Resources.

      

      (6) The
working of Party B should lead Gulf moving to NASDAQ
through following US requirements.

      

      4.
Working hours and Holidays

      

      (7) Party
A will arrange a fixed working schedule of Party B. Party B will not work over 8
hours per day, not over 40 hours a week. If the workload of Party B over the
stated time or have temporary work, Party A should obtain the permit from
related regulator.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      
 

      (8) The
holidays issued for Party B will follow Chinese Public Holidays
policy.

      

      5.
Compensation

      (9) Party
A will pay the annual compensation to Party B in March by cash, the annual
compensation is
$10000.

      6. Other
Welfare

      (10)
Party A and B will participate in Chinese Society Insurance Program, Party A
will conduct the procedure for Party B and take certain obligation.

      

      (11) If
Party B is sick or Injured during the work, the expenses will following the
related policies by the government.

      

      (12) If
Party B encounters occupational desease or Injured during the work, the expenses
will following the related policies by the government.

      

      7.
Protection of Employment Terms and harm

      (15) Due
to the position requirement, Party A prepare the safety conduction and provide
safety goods to Party B complying with government policy and
regulation.

      

      (16)  Party
B should comply with Party A’s safety employment policy and prevent illegal
action and accident to reduce occupation risks.

      

      (17)
Party A should enhance occupational desease management and establish related
policies.

      8. The
termination of Contract and redeem

      

      (18)
Party A and B terminate or renew the contract should comply with the <Chinese
Employment Contract Law>

      

      (19) When
the contract is terminated, Party A will provide a confirmation letter to Party
B and finish all the related leaving matters within 15 days.

      

      (20)
Party B should pass the working depending the contract requirement, if need to
be redeemed, should be done as working pass.

      

      10. The
conduction of disputant and others

      (21) If
there is disputant between two parties, can apply for intermediation to
Intermediation Commission; if can’t be resolved, can apply to arbitrate
commission.

      

      (22) If
there is any conflict to regulation or policies stated by Government and Beijing
local government, can be conducted complying with regulation.

      

      (23)
There are two copies of the contract, each Party hold one copy.

      

      Party
A(Signature)                          (signed
by Ming Yang)

      Party
B(Signature)                   (signed
by Jiang Shitong)

      

      Legal
Representative

      

      Date: 31
Mar 2008Unassociated Document

  
     

    
      
        Exhibit
10.34.b

      

    

     

    

    

    

    

    

    The
undersigned agree this 31st day of December, 2008 that to the extent the
undersigned agree to extend or renew the employment agreement between us
dated February 24, 2004 beyond December 31, 2008, such
agreement shall be amended effective January 1, 2009 in the same manner (to
the extent applicable) that changes are reflected in redlining and strike-out on
the form of amended and restated employment agreement (with
Stephen Plavin) that is attached hereto as Exhibit A. In the first quarter
of 2009, we shall decide whether to extend or renew the employment
agreement and if so extended or renewed we shall execute an amended
and restated employment agreement in order to clarify all of the
forgoing changes being made by this letter agreement.

     

    
       

      
        
          
            
              
                
                  
                    	 	CT
      INVESTMENT MANAGEMENT CO., LLC	 
	 	 	 	 
	
                             

                          	
                            By:
      

                          	/s/ Geoffrey
      Jervis	 
	 	Name: 	Geoffrey
      Jervis	 
	 	Title: 	
                            Chief Financial
      Officer

                          	 
	 	 	 	 

                  

                

              

            

          

        

      

       

      
        
          
            	 	CAPITAL
      TRUST INC.	 
	 	 	 	 
	
                     

                  	
                    By:
      

                  	/s/ Geoffrey
      Jervis	 
	 	Name: 	
                    Geoffrey
      Jervis

                  	 
	 	Title: 	
                          
                      Chief Financial
      Officer

                    

                  	 
	 	 	 	 

          

        

      

       

      
        
          
            
              
                	
                         

                      	
                         

                      	/s/  John
      R. Klopp	 
	 	 	 John
      R. Klopp	 
	 	 	 	 

              

            

          

        

      

       

    

    

    

    
      
        410 Park
Avenue • 14th Floor
New York, New York 10022 • 212.655.0220 • Fax 212.655.0044 • NYSE Symbol:
CT

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