Document:

Unassociated Document

    Exhibit
10.9

    

    Employment
Contract

    

    
      
        
          
            
              	
                      Party
      A (Employer):

                    	 
      	 
	
                      Registered
      Name:

                    	
                      Qingdao Hongguan Incorporation
      Limited

                    	 
	
                      Address:

                    	
                      269 Huashanyi Road, Qingdao Clothing Industrial
      Park

                    	 
	
                      Legal
      Representative:

                    	
                      Renwei Ma

                    	 

            

          

        

      

    

    

    
      
        
          
            
              	
                      Party
      B (Employee):

                    	 
      	 
	
                      Full
      Name:

                    	
                      Tao Wang

                    	 
	
                      Date
      of Birth:

                    	
                      08/12/1970

                    	 
	
                      Registered
      Domicile:

                    	
                      Jimo, Shandong

                    	 

            

          

        

      

    

    

    

    Whereas,
Party A intends to employ Party B and Party B intends to work for Party
A,

    

    

    In
accordance with Labor Law of the People’s Republic of China, Law of the People’s
Republic of China on Employment Contracts and provisions of relevant state
regulations and rules, and through negotiation based on legal principles,
equality, free will and acting in good faith, the two parties agree to conclude
this Employment Agreement (hereinafter referred to as this Agreement) and abide
by the following terms and conditions:

    

    
      	
              1.  

            	
              Type
      and Validity Term of Agreement:

            

    

    
      	
              1)  

            	
              This
      Agreement is an employment contract with
  fixed-term

            

    

    
      	
              2)  

            	
              The
      validity term of this Agreement commences on the date of 3/11/2003 and
      expires on the date of 3/10/2023, including an initial trial period of
      __ months
      from the date of __to the date of
__

            

    

    

    
      	
              2.  

            	
              Description
      of Position and Working Site:

            

    

    
      	
              1)  

            	
              On
      the basis of Party A’s requirements, Party B is to work at the position of
      Chief Executive
      Officer. Party B undertakes to accept the arrangement or change of
      work made by Party A in light of Party B’s working ability and
      performance. Party A assigns Party B to work at other divisions of Party A
      on the basis of mutual consent if any changes in operational or working
      requirement occur.

            

    

    

    

    
      	
              2.  

            	
              Description
      of Position and Working Site
(continued):

            

    

    
      	
              a)  

            	
              Party
      B shall perform his or her work duties provided by Party A, and shall
      complete his or her work task in accordance with the provisions in terms
      of time limit, quality and workload. Party B must acknowledge the policies
      and requirements that are set out in the Manual on Position and accept the
      arrangements made by Party A and perform the job in a responsible
      manner.

            

    

     

    
      
         

      

      
        1/5

        
          

        

      

      
         

      

    

     

    
      	
              b)  

            	
              Working
      site is located at:_Jimo,
      Shandong_

            

    

    
      	
              c)  

            	
              Party
      B’s working site is to be arranged by Party A in response to working
      requirement where Party A assigns Party B to work in locations other than
      the listed for a short term, and Party B is required to take initiative to
      complete tasks. Working site location in this Agreement may be altered on
      the basis of mutual consent through
negotiation.

            

    

    

    
      	
              3.  

            	
              Working
      Hours and Holiday

            

    

    
      	
              a)  

            	
              Party
      A implements the full-time standard working time system under which Party
      B is required to work for no more than 8 hours every day and no more than
      a total of 40 hours every week; the uncertain time working system or
      synthetically calculate working time system may apply to relevant posts
      that are specific to the task requirement and responsibilities involved.
      Party B is to work under standard working time
      system (standard working time system/ uncertain time working
      system/ synthetically calculate working time
  system)

            

    

    
      	
              b)  

            	
              If
      necessary for work, Party A may extend Party B’s working hours in
      accordance with the provisions of the relevant laws and Party
      A

            

    

    
      	
              c)  

            	
              If
      necessary for work, Party A may readjusts the provisions on working hours,
      holidays or leaves.

            

    

    
      	
              d)  

            	
              Party
      B is entitled to all the holidays and leaves provided by the State, to
      which the legislations, rules, regulations, policies and internal
      governance formulated by Party A shall
apply.

            

    

    

    
      	
              4.  

            	
              Remuneration:

            

    

    
      	
              a)  

            	
              Party
      A determines the remuneration system in compliance with laws and Party A’s
      production management and economic benefits. Under Party A’s remuneration
      system, Party B agrees that all the wages paid by Party A is in accordance
      with Party B’s performance, working condition, intensity and contribution
      etcetera, and the distribution shall follow the principle of equal pay for
      equal work.

            

    

    Party A
shall pay Party B remuneration by transferring the currency in Chinese Yuan to
Party B’s account through bank, and the waves paid shall not be deducted or
delayed without justification. The remuneration paid by Party A to Party B may
not be less than the minimum level provided by the local municipal government,
provided that Party B provides normal work for Party A.

    
      	
              4.  

            	
              Remuneration
      (continued):

            

    

    
      	
              i.  

            	
              Party
      A shall, on the 25th
      day of each and every month, pay Party B remuneration for the last month.
      Unless it is a statutory holiday or Party B takes leaves on the 25th,
      the last working day is deemed to be the remuneration
  day.

            

    

     

    
      
         

      

      
        2/5

        
          

        

      

      
         

      

    

     

    
      	
              ii.  

            	
              Upon
      agreement reached by both Parties, Party A is to pay Party B a total
      monthly remuneration of RMB 3000-10000,
      Party B is entitled to receive performance-based remunerations (bonus) in
      accordance with the actualized contribution made by Party B to Party A.
      Party B is to be compensated _____
      RMB/Month during the trial.

            

    

    

    
      	
              5.  

            	
              Social
      Insurance and Welfare:

            

    

    
      	
              a)  

            	
              Party
      A shall pay the fundamental pension fund and expenses accumulated from
      medical treatment, loss of job, injury and maternity insurance for Party
      B, in accordance with the relevant social insurance premium provisions
      made by the State, the local municipal government. Party B agrees that
      Party A may, from the remuneration payable to Party B, withhold the
      personal contribution part of social insurance premium to be borne by
      Party B and Party A may pay such withheld part on
  behalf.

            

    

    
      	
              b)  

            	
              Where
      this contract is terminated by both Parties, Party A shall submit transfer
      of social insurance application to
authorities

            

    

    
      	
              c)  

            	
              Party
      A shall create conditions so as to improve collective welfare and raise
      welfare treatment of laborers.

            

    

    

    
      	
              6.  

            	
              Labor
      Protection, Working Condition and Prevention against Occupational
      Hazard

            

    

    
      	
              a)  

            	
              Party
      A shall formulate various regulations with respect to job specifications,
      procedural requirement and an occupational safety and health system is to
      be established in accordance with the State’s laws and regulations. Party
      A shall provide Party B with suitable working conditions and appropriate
      tools in accordance with State’s labor
standard.

            

    

    
      	
              b)  

            	
              Facilities
      of occupational safety and health must be installed in advance and regular
      health check must be conducted according to Party B’s actual
      situation

            

    

    
      	
              c)  

            	
              Party
      B shall strictly follow the job specification, procedural requirement and
      occupational safety as required by Party A and actively participate in the
      prevention of hazardous events and health
  issues.

            

    

    
      	
              d)  

            	
              Party
      A may educate or train Party B when necessary in the light of the working
      requirements.

            

    

    
      	
              e)  

            	
              Party
      A shall provide female workers and juvenile workers with special
      protection in accordance with relevant regulations imposed by the
      municipal, State and Central
government.

            

    

    

    
      	
              7.  

            	
              Agreement
      Cancellation, Termination and
Renewal

            

    

    
      	
              a)  

            	
              Where
      the laws, rules and regulations on which the Agreement is based have
      changed, the Agreement may be revised
  accordingly.

            

    

    
      	
              b)  

            	
              Where
      the objective conditions on which the Agreement is based have materially
      changed to the extent that it is impossible to perform the Agreement, the
      Agreement may be revised after both parties’
  agreement.

            

    

     

    
      
         

      

      
        3/5

        
          

        

      

      
         

      

       

    

    
      	
              c)  

            	
              Both
      parties shall terminate the Agreement in accordance with Article 36 to
      Article 44 of Law of the People’s Republic of China on Employment
      Contracts.

            

    

    
      	
              d)  

            	
              Where
      Party A does not meet the enrolment conditions during probationary period,
      Party B may terminate this contact. The enrolment conditions
      are:

            

    

    
      	
              i.  

            	
               
      Nil      

            

    

    
      	
              ii.  

            	
               
      Nil      

            

    

    
      	
              iii.  

            	
               
      Nil      

            

    

    
      	
              e)  

            	
              This
      Agreement shall be terminated upon the expiration date but it could be
      renewed through negotiations by both
parties.

            

    

    
      	
              f)  

            	
              Where
      the Agreement is cancelled or terminated, Party A shall process the
      certification for the cancellation or termination in accordance with laws
      and regulations, and handle procedures of Party B’s profiles and social
      insurance within 15 days.

            

    

    

    
      	
              8.  

            	
              Legal
      Responsibility

            

    

    In case
that either party breaches the Agreement or poses economic loss to the other
party, the default party will be held liable for the breach of Agreement to the
extent of the consequences. If both parties breach the Agreement, each party
shall be liable for own responsibilities on a case-by-case basis.

    

    
      	
              9.  

            	
              Regulations
      on Settlement of Labor Disputes

            

    

    Where
labor disputes occur during the contact’s execution, both parties shall
negotiate with the other party to deal with disputes. In case of unsuccessful
negotiation, the contending party may apply to Jimo City labor disputes
arbitration commission for labor arbitration. Where the party doesn’t agree the
ruling, the party may take legal action.

    

    
      	
              10.  

            	
              Miscellaneous

            

    

    
      	
              a)  

            	
              All
      the annexes including Party A’s Internal Regulations and relevant working
      manuals are indivisible parts of this Agreement and they shall have the
      same effect as this Agreement. Party B has carefully examined the contents
      and fully complies with the terms of
Agreement

            

    

    
      	
              b)  

            	
              The
      Manual on Position signed by two parties shall remain as annex and it has
      the same binding force as this
Agreement.

            

    

    

    
      	
              10.  

            	
              Miscellaneous
      (continued):

            

    

    
      	
              c)  

            	
              Party
      B shall confirm that the information provided by Party A is true with
      regards to job content, working conditions, working site, occupational
      hazards, safety in production, remuneration and other
    related.

            

    

    
      	
              d)  

            	
              Party
      B fully understands his responsibilities, workplace, labor remuneration,
      occupational hazards, labor protection and working condition, labor
      discipline and other related
concerns.

            

    

    
      	
              e)  

            	
              Party
      B shall assure that the information he or she has provided to Party A is
      authentic and legitimate.

            

    

     

    
      
         

      

      
        4/5

        
          

        

      

      
         

      

       

    

    
      	
              f)  

            	
              Under
      the Agreement Party B shall be in no contractual relationships with any
      entities outside Party A in any form, Party B bears the liability arising
      from doing so and Party A is in position to terminate the Agreement
      without notifications in advance.

            

    

    
      	
              g)  

            	
              Party
      B shall provide Party A with relevant social insurance forms in ten days
      after this Agreement takes effect. Lack of the submissions would cause
      Party A’s failure of process on Party B who is ultimately responsible for
      the consequences.

            

    

    
      	
              h)  

            	
              In
      ten working days time after the cancellation or termination of the
      Agreement, Party B shall submit his or her social insurance and profile
      related documentations for transferring. Party A does not bear any
      liability for the consequences resulting from Party B’s
      inaction.

            

    

    
      	
              i)  

            	
              Party
      B shall honestly handle all the relevant procedures in two working days
      after the cancellation or termination of the
  Agreement.

            

    

    
      	
              j)  

            	
              Where
      the vocational trainings, commercial secrets and copyrights related issues
      need to be addressed, a separate Confidential Agreement formed by both
      parties will be provided as annex to this
  Agreement.

            

    

    
      	
              k)  

            	
              In
      both confirmed before signing of this Agreement, the Agreement has been
      carefully examined the contents, and fully understand the terms of the
      contract law.

            

    

    
      	
              l)  

            	
              Party
      B confirms that the following address shall be his or her address for
      service of all documents related to the employment relationship hereunder
      sent by Party A. In the event of any change of such address, Party B shall
      notify Party A thereof in writing. If the following address contains any
      error or Party B fails to notify Party A duly after any change, Party A
      may not be held responsible for non-service or delay in service of any
      documents related to the employment
  relationship.

            

    

    

    
      	
              10.  

            	
              Miscellaneous
      (continues):

            

    

    
      	
              m)  

            	
              The
      Agreement shall come into force upon signature and stamping by two
      parties. It is made in triplicate, two copies for Party A and one for
      Party B, which shall have the same binding force as this
      Agreement.

            

    

    

    Name of
Party A (Chop):  /s/ Qingdao Hongguan
Incorporation Limited

    

    Name of
Party B (Signature):  /s/ Tao Wang

     

    
      
         

      

      
        5/5Unassociated Document

    Exhibit
10.10

    Entrustment
Agreement

    

    THIS
ENTRUSTMENT AGREEMENT (this “Agreement”) is made on July 12, 2010 by and between
石仁焕, a Korean
passport holder (the “Party A”), and WANG, Tao, a PRC citizen (the “Party
B”).

    

         Whereas,
the Party A currently owns 100% issued and outstanding shares of Swift Dynamic
Limited, a British Virgin Islands Company (the “Company”).

    

     Whereas,
the Party B has the expertise in operating and managing enterprise, and Party A
is to entrust Party B to exercise the shareholder’s rights of Swift Dynamic
Limited on behalf of Party A.

    

    NOW,
THERFORE, in consideration of the foregoing recitals, the mutual promises
hereinafter set forth, and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Parties hereby agree as
follows:

    

    
      	
              1.  

            	
              The
      Party A hereby authorizes Party B as his exclusive agent and attorney for
      the maximum period of time permitted by law and the Company’s Memorandum
      and Articles of Association, with respect to all of his shareholder’s
      rights and shareholder’s voting rights of the Company. Party B shall
      exercise such rights in accordance with and within the parameters of the
      laws of the British Virgin Islands and the Memorandum and Articles of
      Association of the Company.

            

    

    

    
      	
              2.  

            	
              Party
      B may establish and amend rules to govern how Party B shall exercise the
      powers entrusted by the Party A herein, including, but not limited to, the
      number or percentage of directors of the Company which shall be required
      to authorize the exercise of the voting rights granted by the Party A, and
      Party A shall only proceed in accordance with such
  rules.

            

    

    

    
      	
              3.  

            	
              Party
      A hereby granted Party B irrevocable authorization to operate and manage
      the Company during the term of this Agreement. For the above
      purpose:

            

    

    
      	
              3.1  

            	
              Party
      B shall designate and appoint on behalf of Party A the Company’s
      directors, legal representative, General Manager, Chief Financial Officer,
      and other senior officers. If any member of such senior management leaves
      or is dismissed by Party B on behalf of Party A, he or she will lose the
      qualification to take such position with the Company. The person
      designated and appointed by Party B in accordance with this section shall
      have the qualifications as a Director, General Manager, Chief Financial
      Officer, and/or other relevant senior officers pursuant to applicable
      laws.

            

    

    
      	
              3.2  

            	
              Party
      A hereby agrees to accept the corporate policies provided by Party B in
      connection with the Company’s daily operations, financial management and
      the employment and dismissal of the Company’s
  employees.

            

    

    
      	
              3.3  

            	
              Without
      the prior written consent of Party B, the Company shall not conduct any
      transaction which may materially affect the assets, obligations, rights or
      the operations of the Company.

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    
      	
              4.  

            	
              Party
      A agrees and shall procure the Company to exercise Party B’s decision,
      subject to Memorandum and Articles of Association of the Company,
      regarding: (i) issue or create any new shares, equity, registered capital,
      ownership interest, or equity-linked securities, or any options or
      warrants that are directly convertible into, or exercisable or
      exchangeable for, shares, equity, registered capital, ownership interest,
      or equity-linked securities of the Company, other similar equivalent
      arrangements: (ii) alter the shareholding structure of the Company; (iii)
      cancel or otherwise alter the shares of the Company Party A holds; (iv)
      amend the register of members or the memorandum and articles of
      association of the Company; (v) liquidate or wind up the Company, or: (vi)
      act or omit to act in such a way that would effect the interest of shares
      of the Company Party A holds.

            

    

    

    
      	
              5.  

            	
              During
      the term of this Agreement, Party A hereby waive all the rights associated
      with his shareholding, which have been granted to Party B under this
      Agreement and shall not exercise such rights by Party A
      himself.

            

    

    

    
      	
              6.  

            	
              This
      ENTRUSTMENT AGREEMENT shall take effect on the date of execution by
      Parties and shall remain in full force until unless terminated when Party
      A no longer holds any shares of the
Company.

            

    

    

    

    [SIGNATURE
PAGE FOLLOWS]

     

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    IN
WITNESS WHEREOF this Agreement is duly executed by each Party.

    

    

    Party A:
/s/ Renhuan Shi

    Name:
Renhuan Shi

    

    

    Party B:
/s/ Tao Wang

    Name: Tao
Wang

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