Document:

FORM (FOR U.S. EMPLOYEES) OF

LYDALL, INC.

PERFORMANCE SHARE AWARD AGREEMENT

(Three-Year Period)

 

THIS PERFORMANCE SHARE
AWARD AGREEMENT (this “Agreement”) is made between Lydall, Inc., a Delaware corporation (“Lydall”), and
the recipient (the “Recipient”) with respect to an Award under Lydall’s 2012 Stock Incentive Plan (the “Plan”)
pursuant to the award letter (the “Award Letter”), dated [_________], from Lydall to the Recipient. All capitalized
terms used but not defined in this Agreement shall have the same meanings that have been ascribed to them in the Plan, unless the
context clearly requires otherwise.

 

1.Grant of Performance
Shares. On the Date of Grant (as defined in the Award Letter), the Recipient has been granted the number of shares of Restricted
Stock as set forth in the Award Letter (the “Performance Shares”). The Performance Shares are subject to the terms
and conditions set forth in the Award Letter, this Agreement and the Plan. By accepting this Agreement, Recipient understands that
the Performance Shares will be forfeited unless both (a) the Performance Objectives (as defined below) are met and (b) the Recipient
remains in employment by the Company through the date of the Certification (as defined below).

 

2.Acceptance
of Award. The Recipient shall have no rights with respect to the Performance Shares unless the Recipient accepts this Agreement
no later than the close of business on the date that is sixty (60) days after the Date of Grant. Such acceptance shall be effected
by accessing the website of Lydall’s administrative agent (the “Administrative Agent”), referenced in the Award
Letter and completing the required on-line grant acknowledgment process.

 

3.Ownership
of Performance Shares; No Rights to Dividends on Performance Shares That Do Not Vest. As soon as practicable after the acceptance
of the Award by the Recipient, Lydall will cause the Performance Shares to be issued in book entry form in the name of the Recipient,
whereupon they will be held for the benefit of the Recipient by the Administrative Agent until the Performance Shares vest or are
forfeited in accordance with the terms and conditions of the Plan and this Agreement. Upon such issue, the Recipient shall be the
holder of record of the Performance Shares granted hereunder and will have, subject to the terms and conditions of the Plan and
this Agreement, voting rights of a stockholder with respect to such Shares. Lydall shall retain custody of all Unvested Dividends
made or declared with respect to the Performance Shares, subject to the same restrictions, terms and conditions as are applicable
to the Performance Shares, until such time, if ever, as the Performance Shares shall vest.

 

4.Performance
Condition.

 

(a)Period.
The Performance Period for the Performance Shares is defined in the Award Letter.

 

(b)Performance
Objectives. The actual number of Shares eligible for vesting will depend upon satisfaction of the Performance Objectives as
defined below. To the extent this Award is intended to be a Section 162(m) Award, this Award shall be subject to Section 9(h) of
the Plan. The “Performance Objectives” shall be the EPS (as defined below) for the last full fiscal year of
the Performance Period compared to the target for such fiscal year (the “Target”), the threshold for such fiscal
year (the “Threshold”) and the maximum for such fiscal year (the “Maximum”), each as established
by the Plan Administrator, as stated in the Award Letter and calculated as set forth in the following table:

 

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EPS
                                         Achievement
	 	“Vesting Percentage”
 of
                                         Performance Shares

	Below Threshold	 	None
	Threshold	 	80%
	Target	 	100%
	Maximum	 	120%

 

For purposes of the foregoing, “EPS”
means the diluted net income per share of Common Stock of Lydall for the last year of the Performance Period, as set forth in the
audited financial statements of Lydall, as may be adjusted by the Plan Administrator pursuant to the terms of the Plan. Any adjustments
with respect to Section 162(m) Awards shall be subject to compliance with Section 162(m).

 

The Vesting Percentage of the Performance
Shares where performance achievement is between Threshold and Target will be scaled on a linear basis from 80% to 100%, and the
Vesting Percentage of the Performance Shares where performance achievement is between Target and Maximum will be scaled on a linear
basis from 100% to 120%.

 

EPS will be rounded to the nearest whole
cent, and the number of Performance Shares determined by the Vesting Percentage will be rounded to the nearest whole share. All
other calculations will be rounded to two decimal places. In the event that, in determining the EPS for the last full fiscal year
of the Performance Period, the Plan Administrator adjusts the diluted net income per share of Common Stock from that set forth
in the audited financial statements of Lydall, the Certification may include a brief statement setting forth the amount of the
adjustment and the reasons therefor. Any adjustments with respect to Section 162(m) Awards shall be subject to compliance with
Section 162(m).

 

(c)Determination
of Level of Performance Objectives Achieved. As soon as practicable following the completion of the Performance Period and
the preparation of Lydall’s audited financial statements for the applicable period, the Plan Administrator shall (a) determine
the satisfaction of the Performance Objectives and (b) certify in writing, in accordance with the requirements of Section 162(m)
to the extent applicable, the extent to which the Performance Objectives have been achieved, if at all, and the Vesting Percentage
as defined in 4(b) resulting therefrom (such certification being hereinafter referred to as the “Certification”).

 

(d)Delivery of
Vested Shares. Following the Certification, the Recipient shall be entitled to receive that number of Shares calculated by
multiplying the number of Performance Shares set forth in the Award Letter by the Vesting Percentage set forth in the Certification,
together with any Unvested Dividends relating thereto, provided the Recipient has settled all applicable tax withholding obligations
arising from the vesting of the Award, as set forth in Section 6 below. All such vested Shares to which the Recipient is entitled,
together with any Unvested Dividends, if any, relating thereto and any additional Performance Shares, if any, to which the Recipient
is entitled by virtue of the Vesting Percentage being in excess of 100%, shall be released or delivered, as applicable, to the
Recipient as soon as reasonably practical after the date of the Certification. Delivery of Shares will be made electronically via
book entry to an account in the name of the Recipient maintained with Lydall’s transfer agent or Administrative Agent. In
connection therewith, the Recipient agrees to execute any documents reasonably requested by Lydall or the Administrative Agent.

 

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5.Forfeiture;
Transfer Restrictions.

 

(a)All Performance
Shares that do not vest pursuant to Section 4, as well as any Unvested Dividends relating to the Performance Shares that do not
vest, shall be forfeited, effective as of the date of the Certification.

 

(b)If the Recipient’s
employment with the Company terminates for any reason whatsoever prior to the date on which the Certification is made, then, effective
upon the date of such termination, all of the Performance Shares, as well as any Unvested Dividends relating thereto, shall be
forfeited.

 

(c)Neither the Performance
Shares, nor the Recipient’s interest in any of the Performance Shares or Unvested Dividends, may be encumbered, sold, assigned,
transferred, pledged or otherwise disposed of at any time prior to the date of the Certification. In the event any such action
is taken, all of the Performance Shares evidenced by this Agreement, as well as any Unvested Dividends relating thereto, shall
thereupon automatically be forfeited, effective as of the date of such event.

 

(d)All forfeited
Shares shall be delivered promptly to Lydall by the Administrative Agent, and Lydall shall direct the transfer agent and registrar
of the Common Stock to make appropriate entries upon its or their records.

 

(e)The Plan Administrator
shall make all determinations as to whether an event has occurred resulting in the forfeiture of Performance Shares and any related
Unvested Dividends, and all such determinations of the Plan Administrator shall be final and conclusive.

 

(f)The Performance
Shares shall be subject to the forfeiture and recoupment provisions of Section 10(a) of the Plan.

 

6.Taxation.

 

(a)The Recipient
recognizes and agrees that there may be certain tax issues that affect the Recipient arising from the grant and/or vesting of the
Performance Shares and that the Recipient is solely responsible for payment of all federal, state and local taxes resulting therefrom.
The Company expressly provides no tax advice to the Recipient and recommends that the Recipient seek personal tax advice. In general,
the Recipient will have taxable income in any year during which Performance Shares vest, in an amount equal to the number of Shares
that vest multiplied by the fair market value of the Common Stock on the vesting date. This amount will be included in Recipient’s
taxable income reported on Form W-2 for that year.

 

(b)Any applicable
income and employment tax withholding obligations associated with the vesting of the Performance Shares must be satisfied in accordance
with the Plan and sub-section (c) below, prior to the delivery of vested Shares to the Recipient.

 

(c)Unless otherwise
determined by the Plan Administrator, Recipient’s tax withholding liability will be satisfied through “net withholding”
whereby the number of vested Shares actually delivered to the Recipient is reduced by a number of Shares with a fair market value
of the Common Stock on the vesting date equal to the Company’s minimum statutory withholding tax liability outlined in (b)
above.

 

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(d)Section 83(b)
of the Code permits the Recipient to recognize income in the year in which the Performance Shares are granted, rather than in the
subsequent year in which they vest. This election must be filed with the Internal Revenue Service within 30 days of the Date of
Grant. The Recipient is encouraged to discuss this alternative with his or her own tax advisor. In the event that the Recipient
desires to make an election under Section 83(b) of the Code, the Recipient first shall make appropriate arrangements with the Company
for the payment of all applicable withholding taxes associated with such election.

 

7.No Employment
Rights. Nothing in this Agreement shall be deemed to: (a) confer or be deemed to confer upon the Recipient any right to continue
in the employ of the Company or in any way affect the right of the Company to dismiss or otherwise terminate the Recipient’s
employment at any time for any reason with or without cause, (b) impose upon the Company any liability for any forfeiture of Performance
Shares which may result if the Recipient’s employment is terminated, or (c) affect the Company’s right to terminate
or modify any contractual relationship with a Recipient who is not an employee of the Company.

 

8.Changes in
Capitalization. Neither this Agreement nor the grant of the Performance Shares shall affect in any way the right or power of
Lydall or its stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in
Lydall’s capital structure or its business, or any merger or consolidation of Lydall or any Lydall Affiliate, or any issue
of bonds, debentures, preferred or prior preference stocks ahead of or affecting the Common Stock or the rights thereof, or the
dissolution or liquidation of Lydall or any Lydall Affiliate, or any sale or transfer of all or any part of Lydall’s assets
or business, or any other corporate act or proceedings, whether of a similar character or otherwise.

 

9.Change in
Control. Upon a Change in Control Event or other Reorganization Event, the Performance Shares shall be subject to the terms
of the Plan.

 

10.Plan Terms
and Plan Administrator Authority. This Agreement and the rights of the Recipient hereunder are subject to all of the terms
and conditions of the Plan, as it may be amended from time to time, as well as to such rules and regulations as the Plan Administrator
may adopt for the administration of the Plan. It is expressly understood that the Plan Administrator is authorized to administer,
construe and make, in its sole and absolute discretion, all determinations necessary or appropriate for the administration of the
Plan and this Agreement, all of which shall be binding upon the Recipient. This Agreement shall be interpreted and applied in a
manner consistent with the provisions of the Plan, and in the event of any inconsistency between this Agreement and the Plan, the
terms of the Plan shall control.

 

11.Miscellaneous

 

(a)Amendment;
Modification; Waiver. No provision of this Agreement may be amended, modified or waived unless authorized by the Plan Administrator,
and no amendment or modification of this Agreement may be made without Recipient’s consent except as permitted by Section
9(e) of the Plan.

 

(b)Notices.
Except as otherwise provided herein, every notice or other communication relating to this Agreement shall be in writing, and shall
be mailed or delivered to the party for whom it is intended at such address as may from time to time be designated by such party
in a notice mailed or delivered to the other party as herein provided; provided, that, unless and until some other address be so
designated, all notices or communications to the Company shall be mailed to or delivered to Lydall’s Vice President, General
Counsel and Secretary, with a copy to its Vice President of Human Resources, both at Lydall, Inc., One Colonial Road, P. O. Box
151, Manchester, Connecticut, 06045-0151, and all notices by the Company to the Recipient may be given to the Recipient personally
or may be mailed to him or her at the last address designated for the Recipient on the employment records of the Company. For purposes
of this section, the term “mailed” includes electronic delivery methods.

 

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(c)Appointment
of Agent. By accepting the Performance Shares evidenced by this Agreement, the Recipient hereby irrevocably nominates, constitutes
and appoints each of Lydall’s Vice President of Human Resources and the Administrative Agent as his or her agent and attorney-in-fact
to take any and all actions and to execute any and all documents, in the name and on behalf of the Recipient, for any purpose necessary
or convenient for the administration of the Plan and this Agreement. This power is intended as a power coupled with an interest
and shall survive the Recipient’s death. In addition, it is intended as a durable power and shall survive the Recipient’s
incapacity. Lydall has the right to change the appointed transfer agent or Administrative Agent from time to time.

 

(d)Governing Law;
Jurisdiction. This Agreement shall be governed by and interpreted in accordance with the laws of the State of Delaware, excluding
choice-of-law principles of the law of such state that would require the application of the laws of a jurisdiction other than the
State of Delaware, and the Recipient agrees to the exclusive jurisdiction of Connecticut courts.

 

(e)Compliance
with Laws. The issuance or delivery of Shares pursuant to this Agreement shall be subject to, and shall comply with, any applicable
requirements of any federal and state securities laws, rules and regulations (including, without limitation, the provisions of
the Securities Act and the Exchange Act, and any rules and regulations promulgated thereunder) and any other law or regulation
applicable thereto. Lydall shall not be obligated to issue or deliver to Recipient any Shares pursuant to this Agreement if such
issuance or delivery would violate any such requirements.

 

(f)Severability.
The invalidity or unenforceability of any provision of this Agreement shall not affect the validity, legality or enforceability
of the remainder of this Agreement, it being intended that all rights and obligations of the Company and the Recipient shall be
enforceable to the fullest extent permitted by law.

 

12.Statute of
Limitations. The Recipient hereby agrees that there shall be a one-year statute of limitations for the filing of any claim
relating to this Agreement or the terms or conditions of the Performance Shares. If such a claim is filed more than one year subsequent
to the earlier of the date on which the vesting of the Performance Shares is scheduled to occur or termination of the Recipient’s
employment, it shall be precluded by this provision, whether or not the claim has accrued at that time.

 

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IN WITNESS WHEREOF,
the undersigned officer of Lydall has executed this Agreement.

 

	 	LYDALL, INC.
	 	 	 
	 	 	 
	 	By: 	/s/ Dale G. Barnhart
	 	 	Name:  Dale G. Barnhart
	 	 	Title:  President and Chief Executive Officer

 

    	6Labor Contract 

 

Party A: 

 

Name of Employer:
Wuhan Kingold Jewelry Co., Ltd 

 

Party B: 

 

Name: Wang Jun

 

No: ______________________

 

 

Issued by Wuhan
Labor and Social Security Bureau 

 

 

Statement 

 

		1.	The labor contract is the general sample of labor contract for reference of employer and laborers.
Employer and laborer can increase relevant clauses and provisions required with consultation.

 

		2.	After both parties sign the labor contract, employers can make authentication in the labor security
administration department.

 

		3.	After the dissolution or termination of the labor contract, employer shall keep it at least for
two years for future reference.

 

		4.	The labor contract applies to full-time labor.

 

 

Basic
Information from Party A 

 

	Name	Wuhan Kingold Jewelry Co., Ltd	Legal representative or director	Jia Zhihong
	Address	No.15, Jiang’an Economic Development Zone, Wuhan City	Contact department	Office
	Certificate number of organization code	74140273-6	Contact number	65660703

 

    	 

    	 

    

 

Basic
Information from Party B

 

	Name	Wang Jun	ID number	420106197411082439
	Highest education	Bachelor degree	Technical grade	Senior gold investment analyst
	Mobile	13971371328	Family address	Room 302, Building B3, Lishui Jiayuan, Dongxihu District, Wuhan City

 

Job Resume

 

1997, graduated
from Computer Engineering Department of Central China Normal University, bachelor degree, CCNA network engineer

 

September
1993-July, 1997, Studied in Computer Engineering Department of Central China Normal University, majoring in software development
and application, with bachelor degree.

 

1997-2000,
worked in MODISH C'BONS Cosmetics Company and took charge of network information management and logistics management.

 

2000-2002,
worked in Hubei Mailyard Group Company and took charge of network information management and website development.

 

2003-present,
work in Wuhan Kingold Jewelry Co., Ltd as a gold investment analyst and served successively as manager of purchase department,
manager of investment department, assistant of general manager and vice general manager.

 

Joined in
the industry of gold jewelry in 2003 and has had 11 years’ working experience, with abundant experience in management of
industrial production technology and business management and deep understanding of the industry; took charge of improvement of
company and bank investment product, process technology and manufacturing technique, with high theoretical level and abundant practical
experience; hold rigorous and realistic scientific attitude toward study and work, with higher professional skills.

 

    	 

    	 

    

 

The labor
contract is hereby concluded by Party A and Party B in accordance with Labor Law of the People’s Republic of China, Labor
Contract Law of the People’s Republic of China and relevant policies and regulations based on the principles of fairness,
legitimacy, equality, voluntariness, consensus through negotiation and good faith.

 

Article
1 Term of Labor Contract

 

		1.	Fixed Term

From May
1, 2014 to April 2, 2019, thereinto, stipulated probation period is ____ month(s).

 

		2.	Non-fixed term: start from___ month___ day ___year

 

		3.	Task-oriented contract term. The work task is:

 

Article 2 Job Responsibilities
and Workplace 

 

Party A employs Party B to work
at Wuhan Kingold Jewelry Co., Ltd. as General Manager, and the job responsibilities are:

_______________________________________________________________________________________

 

_______________________________________________________________________________________

 

_______________________________________________________________________________________

 

Article 3 Working Hours and
Vocation 

 

(I) Party A
and Party B agree Party B’s working hours are specified according to the first manner as follows:

 

		1.	Standard working hours system within 8 hours for daily work and 40 hours for working every week.

 

		2.	Non-fixed working hours system approved by the labor security administration department.

 

		3.	Cumulative working hours system approved by the labor and social security administration department.

 

		(II)	Party A can extend working time for production (work) demand after consultation with Labor Union
and Party B. Save the provisions of Article 42 in Labor Law of the People’s Republic of China, it shall not exceed one hour
every day. Save the special reason, it shall not exceed 3 hours every day and not exceed 36 hours for every month.

 

		(III)	Party A arranges the vocation of Party B by laws during national statutory holidays.

 

 

    	 

    	 

    

 

Article 4 Labor Remuneration

 

		1.	Party A carries out the system of equal pay for equal work following the principle of distribution
according to work. According to Party B’s current post of duty, the stipulated salary is 12000 Yuan/month and the
salary in probation period is ____ Yuan/month. As for the implementation of piecework system, the monthly salary is calculated
by the unit price of piecework.

 

The distribution method is:

_______________________________________________________________________________________

 

_______________________________________________________________________________________

 

_______________________________________________________________________________________

 

		2.	In case Party A arranges Party B to extend the working time, Party A shall pay the remuneration
not less than 150% of the salary. In case Party A arranges Party B to work in rest day without taking deferred holidays, Party
A shall pay the remuneration not less than 200% of the salary; in case Party A arranges Party B to work in statutory holidays,
Party A shall pay the remuneration not less than 300% of the salary.

 

		3.	Party A shall pay off the salary to Party B in currency at least for once, and the 15th
of each month is the payday.

 

		4.	During the period when Party B participates in social activities, or enjoys annual leave, home
leave, marriage and funeral leave, pregnancy test of female workers, maternity leave, time of nursing in suckling period, contraception
operation leave and nursing leave of man, Party A shall deem that Party B provides normal labor and pay the salary.

 

 

    	 

    	 

    

 

Article 5 Social Insurance
and Benefits and Welfare

 

		1.	Party A and Party B effect insurance by laws and pay all kinds of social insurance charges on time
and Party A will deduct Party B’s part from his or her salary.

 

		2.	Party A provides Party B with the following benefits and welfare: five –insurances

 

In case Party B fails to provide
the information required for transacting social insurance or transact the procedure of stopping payment in discount window in time,
Party A deems that Party B gives up and shall not pay the social insurance charges in this meanwhile.

 

Article 6 Labor Protection,
Labor Conditions and Protection against Occupational Hazard

 

		1.	Party A is obligated to truthfully inform Party B of the post which may have occupational hazard
and make the education of labor safety and hygiene on Party B, avoiding accident and reducing occupational hazard in the process
of labor.

 

		2.	Party A shall provide Party B with labor safety and hygiene facility, labor safety and hygiene
condition and necessary labor protective articles conforming to national regulations and make healthy examination regularly for
staff who are engaged in work with occupational hazard.

 

		3.	In case Party A employs Party B to engage in special work, execute relevant provisions of special
work.

 

		4.	Party A shall make special labor protection on female worker and minors (over 16 years old but
under the age of 18) in accordance with national regulation.

 

		5.	Party B shall strictly abide by regulations on safety operation and follow the command of Party
A’s manager in the process of labor, without operation against rules and working at risk.

 

		6.	Party B is entitled to reject to execute Party A’s command against rules, force of working
at risk and behaviors which may damage life safety and physical health and offer criticism, impeach and accusation.

 

 

    	 

    	 

    

 

Article 7 Alternation of
Labor Contract

 

The contract may be revised
in written form, after both parties’ agreement through negotiation.

 

The labor contract after alternation
shall be held by employer and laborer for each copy.

 

Article 8 Cancellation and
Termination of Labor Contract

 

(I) Cancellation of
Labor Contract:

 

		1.	The labor contract may be cancelled based on both parties’ mutual negotiation.

 

		2.	Party A may cancel the contract in case any of the following occurs after informing the cause to
Labor Union:

 

		(1)	Party B is proved to be unqualified in probation period;

 

		(2)	Party B severely violates the rules and regulations of Party A;

 

		(3)	Party B’s gross negligence or jobbery causes great losses for Party A;

 

		(4)	Party B holds another job without the permit of Party A, which seriously affects the completion
of Party A’s work task, or Party B refuses to correct the error after Party A’s warning;

 

		(5)	Party B forces Party A to conclude or alter the labor contract against Party A’s true intention
by means of deception, coercion or exploitation of its unfavorable position;

 

		(6)	Party B is investigated for criminal responsibility.

 

		3.	Party A shall notify Party B in writing 30 days in advance or pay additional one-month salary to
Party B, and cancel the labor contract after submitting the cause to Labor Union, in case any of the following occurs:

 

		(1)	Party B, due to sickness or injury inflicted off the job, cannot resume his or her work or do the
other job reassigned by Party A after specified period of medical treatment;

 

		(2)	Party B is unqualified, even after a training or a job adjustment;

 

		(3)	The objective conditions on which the contract is based have materially changed to the extent that
it is impossible to perform the contract while both parties cannot reach an agreement to amend the contract to reflect the changed
conditions;

 

    	 

    	 

    
 

		4.	Party A is not allowed to cancel the labor contract as per Article 3, in case of any following
occurs:

		(1)	Party B is engaged in the work with occupational hazard, without occupational health examination
before departure, or suffers occupational disease in the period of diagnosis or medical observation;

 

		(2)	Party B is confirmed partly or totally incapacitated due to an industrial injury or an occupational
disease when working for Party A;

 

		(3)	Party B is in a period of medical treatment for sickness or industrial injury;

 

		(4)	Party B is in pregnancy, maternity leave and lactation;

 

		(5)	Party B has worked in Party A for 15 years, with 5 additional years before mandatory age of retirement;

 

		(6)	Other situations stipulated in laws, administrative provisions.

 

		5.	Party B may cancel the contract upon 30 days’ prior written notice to Party A; 3 days in
advance within probation period.

 

Party B may notify Party A of
cancelling the contract at any time, in case any of the following occurs:

 

		(1)	Party A fails to provide labor protection or labor conditions in accordance with the labor contract;

 

		(2)	Party A fails to pay labor remuneration in full amount on time;

 

		(3)	Party A fails to pay the social insurance charges for Party B by laws;

 

		(4)	Party A’s rules and regulations violate provisions of laws and regulations and damage Party
B’s rights and interests;

 

		(5)	Party A forces Party B to conclude or alter the labor contract against Party A’s true intention
by means of deception, coercion or exploitation of its unfavorable position;

 

		(6)	Other situations stipulated in laws and administrative provisions, which allows laborer to cancel
the labor contract.

 

    	 

    	 

    

 

In the event of Party A forces
Party B to work by violence, threat or illegal limitation of Party B’s freedom, or Party A commands against rules, forces
laborer to work at risk, which endangers the personal safety of Party B, Party B can immediately cancel the labor contract, without
prior notice to Party A.

 

(II) Termination of Labor Contract

 

The labor contract will be terminated
in case any of the following occurs:

 

		(1)	The labor contract expires;

 

		(2)	Party B begins to enjoy the welfare of basic endowment insurance by laws;

 

		(3)	Party B is dead, pronounced dead or pronounced missing by the people’s court;

 

		(4)	Party A is declared bankruptcy legally;

 

		(5)	Party A’s business license is revoked; Party A is compelled to close down or dissolve; or
Party A decides to dissolve in advance; or

 

		(6)	Other situations stipulated in laws and administrative provisions.

 

(III) Party A shall issue the
certification about cancellation or termination of labor contract when cancelling or terminating the labor contract and transact
files and procedure of social insurance relation transfer for Party B within 15 days; Party B shall transact work handover as agreed
by both parties; In case Party A shall pay Party B economic compensation as per relevant provisions, Party A shall pay when transacting
the work handover.

 

Article 9 Necessary Matters
Considered by Both Parties:

 

1. Employee Manual is regarded
as the attachment of the contract, with equal legal effectiveness with the contract. Party B shall strictly abide by Employee Manual
and various rules and regulations of Party A and voluntarily obey the job transfer and various reasonable arrangements of Party
A;

 

2. Party B
must abide by the details of management system and provisions promulgated and implemented afterwards;

 

3. Party B
shall pay Party A one-month salary as the liquidated damages in case of failing to resign one month in advance before the contract
expires.

 

4. Laborers
have read and knew Employee Manual and various rules and regulations and are willing to abide by voluntarily.

 

    	 

    	 

    

 

Article
10 Labor Dispute Resolutions

 

In case of labor disputes arising
from the conclusion, performance, alternation, cancellation and termination of the contract, parties can apply for mediation, arbitration
and institute legal processing, or solve by negotiation.

 

Article 11 The contract is
made in duplicate, held by Party A and Party B respectively. In case Party A fails to deliver the text of labor contract to Party
B, which causes losses for Party B, Party A shall assume liability of compensation. 

 

Party A (seal):                                                                Party B (signature):

 

Legal Representative (Entrusted
Agent) (signature or seal):

 

Date of Contract: April 4 ,
2014 

 

Verification Authority (seal):

 

Date of Verification: ____year____
month__ day

 

 

Renewal and Alternation of Labor
Contract

 

In accordance with Party A’s
production (work) demand and Party B’s requirement, both parties agree to renew the labor contract for___ year(s), from___
year__ month__ day to ___ year__ month__ day.

 

    	 

    	 

    

 

Through negotiation, alter Article___
of the original contract, contents are

_______________________________________________________________________________________

 

_______________________________________________________________________________________

 

 

Add the unsettled matters of original
labor contract:

 

_______________________________________________________________________________________

 

_______________________________________________________________________________________

 

_______________________________________________________________________________________

 

 

Party A (seal)                                                                         Party B (signature)

 

___ year___ month___ day                                                ___ year___
month___ day

 

 

 

_______________________________________________________________________________________

 

        Contract Verification

 

Verification Authority (seal):

 

Date of Verification: ___ year___
month___ day

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