Document:

Unassociated Document

    
      AGREEMENT

       

      THIS AGREEMENT (the “Agreement”), dated as
of September 15, 2009, is entered into by and among Golden Green Enterprises
Limited (the “Company”), as
successor-in-interest to China Opportunity Acquisition Corp. (“COAC”), on the one
hand, and Oasis Green Investments Limited, Plumpton Group Limited, and Honest
Joy Group Limited (each an “Investor,” and
together the “Investors”), on the
other hand.  The Investors and the Company are also each referred to
separately as a “Party” and together
as the “Parties.”  The
Parties, in order to resolve disputed and contested issues and to limit the
hazards, uncertainties and inconvenience of potential litigation, enter into
this Agreement.

       

      WHEREAS, COAC was formed as a
special-purpose acquisition company with significant amounts of cash held in
trust at its inception, but with no active business operations;

      

      WHEREAS, COAC’s only business
purpose was to find a suitable merger partner using the cash in trust as all or
part of the consideration for a merger;

      

      WHEREAS, COAC identified the
Company as a suitable merger partner and entered into negotiations with the
Company and the Investors in respect of a potential merger
transaction;

      

      WHEREAS, on November 12, 2008,
the Company executed an Agreement of Merger and Plan of Reorganization with
China Opportunity Acquisition Corp. (“COAC”), Wealth
Rainbow Development Limited, Henan Green Complex Materials Co., Ltd, and the
Investors (the “Merger
Agreement”), whereby the Company and COAC agreed, upon the satisfaction
of several conditions to closing, to merge with the Company surviving after the
merger (the “Merger”);

      

      WHEREAS, pursuant to the
Merger Agreement, the Company agreed to issue a total of three million
additional Ordinary Shares of the Company (the “Earn-Out Shares”) to
the Investors in three equal annual installments with such Earn-Out Shares to be
divided among the Investors as specified in the Merger Agreement for each year
that the Company met the respective performance thresholds specified
therein;

      

      WHEREAS, one of several
conditions to the closing of the Merger required COAC to hold a stockholders’
meeting to obtain approval of the Merger from its stockholders;

      

      WHEREAS, in connection with
seeking approval of the Merger from its stockholders, COAC used most of the
funds from its Trust Fund (as defined in the Merger Agreement) to pay certain
stockholders to redeem their Ordinary Shares and/or to help ensure that holders
of a sufficient number of Ordinary Shares would vote in favor of the Merger (the
“Redemptions”);

      

      WHEREAS, notwithstanding the
Redemptions and the significantly depleted funds in the Trust Fund, the Company
proceeded with the Merger, and succeeded to the rights and obligations of
COAC;

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      WHEREAS, the Company and the
Investors have been negotiating in order to determine the appropriate treatment
and payout of the Earn-Out Shares; and

      

      WHEREAS, the Parties have
agreed, without any admission of liability, that it is in the interests of all
of the Parties and their respective Affiliates and investors to resolve the
issues relating to the Earn-Out Shares amicably and to release the other from
any and all liability associated with the Earn-Out Shares.

      

      2.           Definitions. Capitalized terms not
otherwise defined herein shall have the following meanings:

       

      
        	
              	
                a.  

              	
                Affiliates
      means all persons and entities controlling, controlled by or under common
      control with a Party.

              

      

       

      
        	
              	
                b.  

              	
                Claims means any and all
      claims, demands, causes of actions, or liabilities, of any and every
      character, kind and nature whatsoever, in law or in equity, whether known
      or unknown, foreseen or unforeseen, past, present, or future, accrued or
      unaccrued, contingent or fixed, arising out of or related to any or all of
      the Merger Agreement, the Earn-Out Shares, the Merger, and the
      Redemptions.

              

      

       

      
        	
              	
                c.  

              	
                Securities
      Act means the U.S. Securities Act of 1933, as
    amended.

              

      

       

      3.           Terms of
Payout of Earn-Out Shares.

       

      
        	
              	
                a.  

              	
                Delivery
      of Shares.  Upon execution of this Agreement by the
      Company and the Investors, the Company shall promptly, and no later than
      ten days after the date this Agreement is executed by the Parties, deliver
      an aggregate of Two Million Eight Hundred and Fifty Thousand Ordinary
      Shares (2,850,000) collectively to the Investors with each Investor a
      certificate for such number of Ordinary Shares as is set forth opposite
      such Investor’s name on the signature pages hereto to the Investor’s
      address specified on such signature page (the “Investor
      Shares”).

              

      

       

      
        	
              	
                b.  

              	
                Relief.  The
      Company acknowledges that in the event it fails to deliver to an Investor
      a certificate or certificates representing the applicable number of
      Investor Shares as provided in Section 3.a, any remedy at law may prove to
      be inadequate relief to the affected Investor.  The Company
      agrees that such Investor may require specific performance of this
      Agreement by insisting upon delivery of the applicable Investor Shares,
      and shall be entitled to seek temporary and permanent injunctive relief
      without the necessity of proving actual damages and without posting a bond
      or other security.

              

      

       

      4           Interpretation. The Parties have
participated jointly in the negotiation and drafting of this
Agreement.  If an ambiguity or question of intent or interpretation
arises, this Agreement will be construed as if drafted jointly by the Parties,
and no presumption or burden of proof will arise favoring or disfavoring any
Party because of the authorship of any provision of this Agreement.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      5.           No
Admission.  By entering into
this Agreement, no Party is in any way admitting any liability to any other
Party on account of any matter covered by this Agreement.  Rather,
this Agreement is entered into solely for the purpose of compromise and
settlement of doubtful and contested claims and issues, to buy peace, and to
avoid the hazards, delays, and uncertainties of litigation.

       

      6.           Mutual
Releases.  Effective on the
Release Date, each Investor, on behalf of itself and its Affiliates, releases,
acquits, and forever discharges the Company, its predecessors and successors in
interest, its parent and subsidiary organizations, and its Affiliates, all of
their respective officers, directors, employees, managers, shareholders,
partners, attorneys, accountants, advisors, representatives, agents, insurers,
heirs, executors and assigns (collectively, the “Company Releasees”)
of and from any and all Claims; and each Investor covenants never to sue any of
the Company Releasees upon any of the Claims hereby
released.  Effective on the Release Date, the Company, on behalf of
itself and its Affiliates, releases, acquits, and forever discharges each
Investor and its Affiliates, and all of their respective officers, directors,
employees, managers, shareholders, partners, attorneys, accountants, advisors,
representatives, agents, insurers, heirs, executors, and assigns (collectively,
the “Investor
Releasees”) of and from any and all Claims; and the Company covenants
never to sue any of the Investor Releasees upon any of the Claims hereby
released.

       

      7.           Indemnification.  In
the event that any Investor institutes any proceedings or asserts any Claim
against any of the Company Releasees, such Investor, to the fullest extent
permitted under the law, shall hold harmless, defend and indemnify such Company
Releasees with respect to such proceedings and asserted Claims.

       

      8.           Choice of
Law.  This Agreement
shall be interpreted and construed according to the internal laws of the State
of New York (without giving effect to any choice of law or conflict of law
provisions of any jurisdiction), and applicable laws of the United States of
America.

       

      9.           Entire
Agreement.  This Agreement
supersedes all other prior oral or written agreements between the Parties with
respect to the matters set forth herein and contains the entire agreement of the
Parties with respect to the matters set forth herein.  If any provision of this Agreement shall be held 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 that or any other provision of
this Agreement in any other jurisdiction.

       

      10.           Amendments.  This Agreement
may be modified or amended only in writing, signed by each of the Parties to
this Agreement prior to the effective date of any such modification or
amendment.  Any waiver must be in writing and signed by each Party
whose interests are adversely affected by such waiver.  No waiver
granted in any one instance shall be construed as a continuing waiver or as a
waiver applicable to any other provision.   No exercise or
failure to exercise any right shall preclude any other or further exercise of
that right or any other right.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      11.           Representations.  The Parties
acknowledge that this Agreement is executed after substantial, long-term
negotiations between and among representatives of the Parties.  Each
Party represents that: (a) such Party and its attorneys have conducted
their own investigation concerning the facts surrounding the matters covered by
this Agreement and in voluntarily choosing to execute this Agreement, have
relied upon their own analysis of such facts and not on any information
furnished by any other Party or its representatives; (b) there are no oral
or other written agreements concerning the subject matter of this Agreement;
(c) the right to rely on any oral or written statement of any Party or any
failure of any Party to state any fact is expressly waived and released; (d) it
owns and has the right to release any Claims released herein; (e) such Party has
the requisite corporate power and authority to enter into and to perform this
Agreement; and (f) the person signing the Agreement on behalf of such Party has
been authorized to execute and deliver this Agreement on behalf of such
Party.  In addition, each Investor represents that it (i)
is acquiring the Investor Shares in the ordinary course of business for its own
account and not with a view towards, or for resale in connection with, the sale
or distribution thereof, except pursuant to sales registered or exempted under
the Securities Act, (ii) does not have a present arrangement to effect any
distribution of the Investor Shares to or through any person or entity, (iii)
does not presently have any agreement or understanding, directly or indirectly,
with any person to distribute any of the Investor Shares, (iv) is an “accredited
investor” as that term is defined in Rule 501(a) of Regulation D under the
Securities Act and (v) is not a registered broker-dealer under Section 15 of the
Securities Exchange Act of 1934, as amended.  Such Investor
understands that the Company is relying on specific exemptions from the
registration requirements of United States federal and state securities laws and
that the Company is relying in part upon the truth and accuracy of, and such
Investor’s compliance with, its representations, warranties, agreements,
acknowledgments and understandings set forth herein in order to determine the
availability of such exemptions.  When executed by all Parties and
delivered by each Party to the other Parties, this Agreement will constitute the
legal, valid and binding obligation of each Party.  This Agreement
shall be binding upon the assignees and successors of the
Parties.  This Agreement is personal to the Parties and is not
intended to create any right in any third person who is not a Party or is not
identified as a Company Releasee or an Investor Releasee in Section 6 of
this Agreement.

       

      12.           Notice.  All notices,
demands, waivers or other communications required or permitted under this
Agreement must be in writing and will be deemed to have been delivered: (i) upon
receipt, when delivered personally; (ii) upon receipt, when sent by facsimile
evidenced by confirmation of transmission (provided a copy of such facsimile is
also sent by one of the methods provided in (i), (iii) or (iv) of this Section
12 within 24 hours of transmission); (iii) two calendar days after deposit with
a courier service that regularly conducts deliveries in the recipient’s
jurisdiction; or (iv) if the recipient is located in the United States, five
calendar days after deposit in the United States mail, postage prepaid, return
receipt requested, in each case addressed to the addressees shown
below:

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                If
      to an Investor:

                 

                Lu
      Yu Ying

                c/o
      Lu Ming Wang

                Henan
      Green Complex Materials Co., Ltd

                Henan
      Zhengzhou Xinzheng

                Shuanghujingjikaifaqu
      1 hao

                Xinzheng
      City Zip Code 451191

                Henan
      Province

                People's
      Republic of China

                Tel:  +86-371-62568634

                Fax:  +86-371-62568683

                 

              	
                If
      to Company:

                 

                Golden
      Green Enterprises Limited

                No.
      69 Huaibei Street, Longhai Middle Road

                Zhengzhou,
      China, 451191

                Attention:
      Chief Executive Officer

                 

                with
      a copy to:

                 

                Joseph
      R. Tiano, Jr.

                Pillsbury
      Winthrop Shaw Pittman LLP

                2300
      N Street, NW

                Washington,
      DC  20037-1122

                Tel:
      (202) 663-8348

                Fax:
      (202) 354-4844

                Email:
      joseph.tiano@pillsburylaw.com

              

      

      

      Any Party
may change such Party’s address for the purpose of notices, demands and requests
required or permitted under this Agreement by providing written notice of such
change of address to the other Party, which change of address shall only be
effective when notice of the change is actually received by the Party who
thereafter sends any notice, demand, or request.

       

      13.           Counterparts.  This Agreement
may be executed in multiple counterparts, each of which shall be deemed an
original and all of which shall constitute one and the same
instrument.  A facsimile or electronically reproduced signature shall
constitute due execution, shall be admissible as evidence of execution, and
shall be binding upon the signatory with the same force and effect as if the
signature were an original.

       

      [Signature
Pages Follow]

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      IN WITNESS WHEREOF, the
Parties have executed and delivered this Agreement.

       

      
        
          	Number of Investor
      Shares:        	 	 OASIS GREEN INVESTMENTS
      LIMITED
	 	 	 	 
	2,622,000	 	 By:       	 
	 	 	 Name:       	 
	 	 	 Title:   	 

        

         

        
          
            
            

          

          
            [Signature
Page of Golden Green Agreement]

            
              

            

          

          
            
            

          

        

         

      

      IN WITNESS WHEREOF, the
Parties have executed and delivered this Agreement.

       

      
        
          	Number of Investor
      Shares:        	 	 PLUMPTON GROUP
      LIMITED
	 	 	 	 
	142,500	 	 By:       	 
	 	 	 Name:       	 
	 	 	 Title:   	 

        

      

       

      
        
          
          

        

        
          [Signature
Page of Golden Green Agreement]

          
            

          

        

        
          
          

        

      

       

      IN WITNESS WHEREOF, the
Parties have executed and delivered this Agreement.

       

      
        
          
            	Number of Investor
      Shares:        	 	 HONEST JOY GROUP
      LIMITED
	 	 	 	 
	85,500	 	 By:       	 
	 	 	 Name:       	 
	 	 	 Title:   	 

          

        

         

        
          
            
            

          

          
            [Signature
Page of Golden Green Agreement]

            
              

            

          

          
            
            

          

        

         

        IN WITNESS WHEREOF, the
Parties have executed and delivered this Agreement.

         

      

      
        
          	 	 	 GOLDEN GREEN ENTERPRISES
      LIMITED
	 	 	 	 
	 	 	 By:       	 
	 	 	 Name:       	 Mingwang
      Lu
	 	 	 Title:   	 Chief
      Executive Officer

        

         

        
          
            
            

          

          
            [Signature
Page of Golden Green Agreement]BEIJING CHENGZHI QIANMAO
CONCRETE CO., LTD

     

    CHAIRMAN AND CHIEF EXECUTIVE
OFFICER EMPLOYMENT AGREEMENT

     

    THIS
AGREEMENT is made as of December 19, 2008, between Beijing Chengzhi Qianmao
Concrete Co., Ltd. (the "Company", Address: No.3
Fishery yard, South Suburbs Farm, Jiugong Town, Da Xing District,Beijing ), a
domestic company organized under the law of the People's Republic of China (the
"PRC"), and Yang Rong
("Executive", ID No.:
110107196104151253).

     

    In
consideration of the mutual covenants contained herein and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

     

    1.      Employment

     

     The
Company shall employ Executive, and Executive hereby accepts employment with the
Company, upon the terms and conditions set forth in this Agreement for a period
beginning on the date hereof and ending on the fifth anniversary date (the “Employment Period”); and this
Agreement shall automatically be renewed on the same terms and conditions set
forth herein as modified from time to time by the parties hereto for additional
one-year periods as soon as the expiration of the Employment Period, unless the
Company or Executive gives the other party written notice of the election not to
renew the Employment Period at least 30 days prior to any such renewal
date.

     

    2.      Position and
Duties

     

    (a)    During
the Employment Period, Executive shall be appointed or seconded to the Company
to serve as the Chairman and Chief Executive Officer and shall have the normal
duties, responsibilities, functions and authority of the Chairman and Chief
Executive Officer, subject to the power and authority of the Board of Directors
to expand or limit such duties, responsibilities, functions and authority within
the scope of duties, responsibilities, functions and authority associated with
the position of the Chairman and Chief Executive Officer.  During the
Employment Period, Executive shall render such administrative, financial and
other executive and managerial services to the Company and its affiliates which
are consistent with Executive's position as the Board of Directors may from time
to time direct.

     

    (b)    During
the Employment Period, Executive shall perform his duties, responsibilities and
functions to the Company hereunder to the best of his abilities in a diligent,
trustworthy, professional and efficient manner and shall comply with the
Company’s policies and procedures in all material respects.  In
performing his duties and exercising his authority under the Agreement,
Executive shall support and implement the business and strategic plans approved
from time to time by the Board of Directors and shall support and cooperate with
the Company’s efforts to expand their businesses and operate profitably and in
conformity with the business and strategic plans approved by the Board of
Directors.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (c)    Executive’s
position shall be based at the current principal executive
offices   in Beijing, PRC, or any other location of the Company
in the PRC as mutually agreed by the Board of Directors and
Executive.

     

    3.      Compensation and
Benefits

     

    (a)    During
the Employment Period, Executive's base salary shall be RMB 840,000 per annum or
such other rate as the Board of Directors may determine from time to time (as
adjusted from time to time, the "Base
Salary"), which
salary shall be payable by the Company in regular installments in accordance
with the Company's general payroll practices (in effect from time to
time).  The Company shall also purchase social insurances and provide
welfare and benefits to Executive according to the applicable national and local
labor laws and regulations.

     

    (b)    In
addition to the Base Salary, the Board may, in its sole discretion, award a
bonus (the “Performance
Bonus”) to
Executive with respect to each fiscal year during the Employment Period. The
reference amount for Performance Bonus shall be equal to 25% of the Base
Salary.  The actual amount of the Performance Bonus awarded shall be
dependent upon the degree to which certain financial targets of the Company, as
established annually by the Board of Directors, are achieved.

     

    (c)    In
addition to the Base Salary and any bonuses payable to Executive pursuant to
Section (a) and Section (b), Executive shall be entitled to the following
benefits during the Employment Period, unless otherwise modified by the Board of
Directors: (i) a fully maintained Company car and a driver; (ii) annual leave of
20 days plus Chinese national holidays..

     

    (d)    All
amounts payable to Executive as compensation hereunder shall be subject to all
required and customary withholding by the Company.

     

    4.      Working
Hours

     

    Executive
shall work under a flexible working hour scheme after the Company obtains the
relevant approval from the competent labor authority.  Unless the
applicable laws and regulations expressly provide otherwise, Executive shall not
be entitled to any overtime pay.

     

    5.    Working
Environment and Employment Safety

     

                          (a)   
The Company shall provide the Executive with a working environment that complies
with national regulations with respect to workplace health and
safety.

     

    (b)   
The Company shall provide Executive with necessary working conditions and set up
other necessary employee protection mechanism in accordance with the national
and local regulations.

     

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

     

    6.      Termination

     

    The
Company may terminate the employment of Executive before the Employment Period
expires immediately upon issuing a written notice to Executive after occurrence
of any of the following events:

     

    (i)           Executive
has materially violated any of the Company's rules or policies;

     

    (ii)          Executive
has committed an act of gross negligence or graft which causes substantial
damage or adverse effect to the Company's interests;

     

    (iii)         Executive
has been charged or convicted with criminal liabilities in accordance with
the laws.

     

    7.      Confidential
Information

     

    (a)    Obligation to Maintain
Confidentiality. Executive acknowledges that the continued success of the
Company depends upon the use and protection of a large body of confidential and
proprietary information.  All of such confidential and proprietary
information now existing or to be developed in the future will be referred to in
this Agreement as "Confidential
Information."  Confidential Information includes, without
specific limitation, the information, observations and data obtained by him
during the course of his performance under this Agreement concerning the
business and affairs of the Company and its affiliates, information concerning
acquisition opportunities in or reasonably related to the Company's or its
affiliates' business or industry of which Executive becomes aware during the
Employment Period, the persons or entities that are current, former or
prospective suppliers or customers of any one or more of them during Executive's
course of performance under this Agreement, as well as development, transition
and transformation plans, methodologies and methods of doing business,
strategic, marketing and expansion plans, including plans regarding planned and
potential sales, financial and business plans, employee lists and telephone
numbers, locations of sales representatives, new and existing programs and
services, prices and terms, customer service, integration processes,
requirements and costs of providing service, support and
equipment.  Therefore, Executive agrees that during the Employment
Period and at anytime thereafter he shall not disclose to any unauthorized
person or use for his own account any of such Confidential Information without
Board of Directors 's prior written consent, unless and to the extent that any
Confidential Information (i) becomes generally known to and available for
use by the public other than as a result of Executive's acts or omissions to act
or (ii) is required to be disclosed pursuant to any applicable law or court
order.  Executive agrees to deliver to the Company at the end of the
employment period, or at any other time the Company may request in writing, all
memoranda, notes, plans, records, reports and other documents (and copies
thereof) relating to the business of the Company or its affiliate (including,
without limitation, all Confidential Information) that he may then possess or
have under his control.

     

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

    (b)    Ownership of Intellectual
Property.  Executive agrees to make prompt and full disclosure
to the Company or its affiliate, as the case may be, all ideas, discoveries,
trade secrets, inventions, innovations, improvements, developments, methods of
doing business, processes, programs, designs, analyses, drawings, reports, data,
software, firmware, logos and all similar or related
information  (whether or not patentable and whether or not reduced to
practice) that relate to the Company's or its affiliate's actual or anticipated
business, research and development, or existing or future products or services
and that are conceived, developed, acquired, contributed to, made, or reduced to
practice by Executive (either solely or jointly with others) while employed by
the Company and for a period of one (1) year thereafter (collectively, "Work
Product"),
provided that such period of one year only applies to the inventions, utility
models and designs which are related to Executive's duties and responsibilities
to the Company.  The ownership of all rights under intellectual
property laws of any work falling within the definition of Work Product shall
vest in the Company.

     

    (c)    Third Party
Information. Executive understands that the Company will receive from
third parties confidential or proprietary information ("Third
Party Information") subject to a duty on the
Company's part to maintain the confidentiality of such information and to use it
only for certain limited purposes.  During the Employment Period and
thereafter, and without in any way limiting the provisions of Section 7(a)
above, Executive will hold Third Party Information in the strictest confidence
and will not disclose to anyone (other than personnel of the Company or its
affiliates who need to know such information in connection with their work for
the Company or such affiliates) or use, except in connection with his work for
the Company or its affiliates, Third Party Information unless expressly
authorized by the Board of Directors in writing.

     

    8.      Executive's
Representations

     

     Executive
hereby represents and warrants to the Company that (i) the execution, delivery
and performance of this Agreement by Executive do not and shall not conflict
with, breach, violate or cause a default under any contract, agreement,
instrument, order, judgment or decree to which Executive is a party or by which
he is bound, and (ii) upon the execution and delivery of this Agreement by the
Company, this Agreement shall be the valid and binding obligation of Executive,
enforceable in accordance with its terms.  Executive hereby
acknowledges and represents that he has consulted with independent legal counsel
regarding his rights and obligations under this Agreement and that he fully
understands the terms and conditions contained herein.

     

    9.      Survival

     

    Sections
7, 9, 15, 16 and 18 inclusive, shall survive and continue in full force in
accordance with their terms notwithstanding the expiration or termination of the
Employment Period.

     

    10.    Notices

     

     Any
notice provided for in this Agreement shall be in writing and shall be either
personally delivered, sent by reputable overnight courier service or mailed by
first class mail, return receipt requested, to the recipient at the address
below indicated:

    
      
         

      

      
        -4-

        
          

        

      

      
         

      

    

     

    Notices
to Executive:

     

    Yang
Rong

    

    Address:
o

    Tel:  861087961889

    Fax:
861087961088

    Recipient:
Liu Jin Lan

    

    Notices
to the Company:

     

    Beijing
Chengzhi Qianmao Concrete Co., Ltd

     

    Address:
No.3 Fishery yard, South Suburbs Farm, Jiugong Town, Da Xing District,Beijing

    Tel:  861087961889

    Fax:
861087961088

    Recipient:
Liu Jin Lan

    

    or such
other addresses or to the attention of such other person as the recipient party
shall have specified by prior written notice to the sending
party.  Any notice under this Agreement shall be deemed to have been
given when so delivered, sent or mailed.

     

    11.    Severability

     

    Whenever
possible, each provision of this Agreement shall be interpreted in such manner
as to be effective and valid under applicable law, but if any provision of this
Agreement is held to be invalid, illegal or unenforceable in any respect under
any applicable law or rule in any jurisdiction, such invalidity, illegality or
unenforceability shall not affect any other provision of this Agreement or any
action in any other jurisdiction, but this Agreement shall be reformed,
construed and enforced in such jurisdiction as if such invalid, illegal or
unenforceable provision had never been contained herein.

     

    12.    Complete
Agreement

     

    This
Agreement, those documents expressly referred to herein and other documents of
even date herewith embody the complete agreement and understanding among the
parties and supersede and preempt any prior understandings, agreements or
representations by or among the parties, written or oral, which may have related
to the subject matter hereof in any way.

     

    13.    No Strict
Construction

     

    The
language used in this Agreement shall be deemed to be the language chosen by the
parties hereto to express their mutual intent, and no rule of strict
construction shall be applied against any party.

     

    
      
         

      

      
        -5-

        
          

        

      

      
         

      

    

     

    14.    Counterparts

     

    This
Agreement may be executed in separate counterparts, each of which is deemed to
be an original and all of which taken together constitute one and the same
agreement.

     

    15.    Choice of
Law

     

    All
issues and questions concerning the construction, validity, enforcement and
interpretation of this Agreement and the exhibits and schedules hereto shall be
governed by, and construed in accordance with, the applicable laws of the
People's Republic of China, without giving effect to any choice of law or
conflict of law rules or provisions.

     

    16.    Arbitration

     

    Each
party hereto agrees that any claim or dispute ("Claim") arising out of or relating
to the rights and obligations acknowledged and agreed to in this Agreement and
the employment of Executive by the Company (including, without limitation,
disputes and claims regarding employment discrimination, sexual harassment,
termination and discharge), whether such Claim arose or the facts on which such
Claim is based occurred prior to or after the execution and delivery of adoption
of this Agreement shall be resolved according to the following
procedures:

     

    (a)           consultation
between Executive and the Company to resolve the Claim;

     

    (b)           if
no resolution with respect to a Claim is reached through consultation within
thirty (30) days after the commencement of the same, either party may, within
sixty (60) days after the occurrence of the Claim, submit the Claim to a local
labor dispute arbitration tribunal for arbitration; and

     

    (c)           either
party may appeal the arbitration award rendered by such local labor dispute
arbitration tribunal to a competent People's Court within fifteen (15) days
after the issuance of such award.

     

    17.    Amendment and
Waiver

     

    The
provisions of this Agreement may be amended or waived only with the prior
written consent of a majority of the Board of Directors (excluding Executive) on
the one hand and Executive on the other hand, and no course of conduct or course
of dealing or failure or delay by any party hereto in enforcing or exercising
any of the provisions of this Agreement (including, without limitation, the
Company’s right to terminate the Employment Period for Cause) shall affect the
validity, binding effect or enforceability of this Agreement or be deemed to be
an implied waiver of any provision of this Agreement.

     

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

    

     

    18.    Executive's
Cooperation

     

    During
the Employment Period and thereafter, Executive shall cooperate with the Company
and its affiliates in any internal investigation, any administrative, regulatory
or judicial investigation or proceeding or any dispute with a third party as
reasonably requested by the Company (including, without limitation, Executive
being available to the Company upon reasonable notice for interviews and factual
investigations, appearing at the Company's request to give testimony without
requiring service of a subpoena or other legal process, volunteering to the
Company all pertinent information and turning over to the Company all relevant
documents which are or may come into Executive's possession, all at times and on
schedules that are reasonably consistent with Executive's other permitted
activities and commitments).

     

    19.    Language

     

    This
Agreement is executed in English and Chinese. The Chinese version of this
Agreement shall prevail over the English version in the event of conflicts or
inconsistencies between the two language versions.

     

    
      
         

      

      
        -7-

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date
first written above.

     

    
      Beijing
Chengzhi Qianmao Concrete Co., Ltd

    

     

    /Seal/

     

    Authorized
Representative

     

    /Signature/

     

    Yang
Rong

     

    /Signature/

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