Document:

f8k062807ex10i_stonemtn.htm

    Agreement
      on Business Operations Between Zhejiang Kandi Vehicle Co., Ltd. & Zhejiang
      Yongkang Top Import & Export Co., Ltd.

    

    In
      order
      to enhance the cooperation relationship between Zhejiang Kandi Vehicle Co.,
      Ltd.(hereinafter referred as “Kandi”) and Yongkang Import & Export Co., Ltd.
      (hereinafter referred as “Yongkang”), to achieve win-win situation, after
      thorough consultation, the two sides have reached to an agreement on product
      price and payment and other business as follows:

    

    I
      Payment
      settlement: Production shall be carried out based on order that is a contract
      between the two sides. The two sides shall deal with payment according to
      settled prices on the agreement; Kandi shall sign and send back the order within
      one working day upon receipt of the order; if the products on the order is
      with
      standard configuration, the price can be settled as following price; sales
      to
      the domestic export trade companies or factories; invoice price will be
      indicated, Kandi shall provide invoice at the invoice price to export trade
      companies, while Kandi shall eventually settle with Yongkang at the following
      prices; according to provisions of the order, Yongkang shall make 83%
      of  the payment to Kandi immediately after receiving the customer’s
      deposit or full payment, and make the remaining of the payment after tax
      refund:

    

    Price
      settlement is as
      follows:         RMB:USD=1:
      7.8

    
      	
              Prodcut
                Model

            	
              Product
                name

            	
              PriceI(
                US$)

            	
              PriceII(
                US$)

            	
              Notes

            
	
              KD-49FM2

            	
              ATV

            	
                  357.69

            	
                  345.77

            	 
	
              KD-49FM3

            	
              ATV

            	
                  381.54

            	
                  369.62

            	 
	
              KD-150F

            	
              ATV

            	
                  870.38

            	
                  834.62

            	 
	
              KD-150GKA

            	
              ATV

            	
                  918.08

            	
                  858.46

            	 
	
              KD-150FS

            	
              ATV

            	
                  930.00

            	
                  894.23

            	 
	
              KD-150GKA-2

            	
              ATV

            	
                  965.77

            	
                  930.00

            	 
	
              KD-150GKC-2

            	
              ATV

            	
                  941.92

            	
                  906.15

            	 
	
              KD-250FS

            	
              ATV

            	
                1,347.31

            	
                1,287.69

            	 
	
              KD-250GKA-2

            	
              ATV

            	
              1,585.77

            	
              1,526.15

            	
              aluminum
                rim

            
	
              KD-250GKB-2

            	
              ATV

            	
              1,585.77

            	
              1,526.15

            	
              aluminum
                rim

            
	
              KD-250GKC-2

            	
              ATV

            	
                1,371.15

            	
                1,311.54

            	 
	
              KD-250GKD-2

            	
              ATV

            	
                2,146.15

            	
                2,086.54

            	 
	
              KD-970GKD-2

            	
              ATV

            	
                3,100.00

            	
                2,980.77

            	 
	
              KD-970GKE-2

            	
              ATV

            	
                3,338.46

            	
                3,219.23

            	 

    

    

    III
      The
      above price Clause II
      is for
      the American market and domestic export trade companies or factories, the price
      ClauseIis
      for
      other market.

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
 

    IV
      Extra
      price is added for separate additional configuration increased in customer
      demand.

    

    V
      Payment
      for small order for below five units products shall be settled with the factory
      at the sales price of Yongkang.

    

    VI
      The
      above prices are FOB tax-inclusive price.

    

    VII
      If there
      are new products or price changes, " Confirmed Bill for Product Price " (Annex)
      established by the two sides shall prevail.

    

    VIII
      If the
      RMB exchange rate changes, the price shall be settled by the two sides through
      negotiation.

     

    IX The
      price lists shall come into effect since October 1st, 2005.

     

    

    

    Zhejiang
      Kandi Vehicle Co.,
      Ltd                                                      Yongkang
      Import &
Export Co., Ltd

    Seal:                                                                                         Seal:f8k062807ex10ii_stonemtn.htm

    Labor
      Contract

    

    Party
      A:  Zhejiang Kandi Vehicle Co., Ltd.

     

    Address:  Jinhua
      Industry Zong, Jinhua City, Zhejiang Province

    Party
      B:          Hu
      Xiaoming                              

    ID
      No.  __________________________________________

    

    Party
      A
      and Party B make this contract on the principle of voluntaries and equality
      through mutual negotiation in accordance with Labor Law of the People’s Republic
      of China and other relevant prescriptions.

    

    
      	
              1.  

            	
              Term
                of labor contract

            

    

    The
      term
      of contract shall be   10  year(s) from this
10th day
      of June   (month) 2004,   (year) to this
      9th day
      of  June  (month),
2014  (year).

    

    
      	
              2.  

            	
              Scope
                of work

            

    

    Party
      B
      agrees to work at the post of
  President     and shall fulfill the
      task assigned for the post. If required by work, Party B agrees to change the
      post.

    

    
      	
              3.  

            	
              Work
                condition and labor protection

            

    

    Party
      A
      shall set up regulation on production safety and labor protection, and provide
      Party B with labor protection articles.

    

    Party
      B
      shall work in according with the safety operating procedure to
      ensure safety production. If Party B does not operate according to the
      standard operating procedure set by Party A, Party B shall make compensation
      for
      the economical losses caused to Party A.

    

    
      	
              4.  

            	
              Labor
                discipline

            

    

    Party
      B
      shall comply with the regulation that is set up by Part A in accordance with
      the
      Law and shall obey the management of Party A. If Party B breaches the
      regulation, Party A may give appropriate punishment to Party B in accordance
      with the regulations.

    

    
      	
              5.  

            	
              Labor
                compensation

            

    

    Labor
      compensation is executed according to method one.

    

    Method
      one: the labor compensation is made by Party A based on the rule of distribution
      according to work. Party B’ s labor compensation is made in accordance with the
      compensation regulation and method set by Party A

    

    Method
      Two: annual wage system. Annual wage is
      RMB  180,000    yuan, which is pre-tax
      wage. One part is monthly advance payment of RMB yuan that is made
      at the wage time of Party A, the other part of the wage is to be paid after
      the
      end of the working year. The annual wage is including all the wage subsidies
      and
      over time payment.

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    
      	
              6.  

            	
              Social
                insurance and welfare

            

    

    
      	
              (1)  

            	
              Party
                A and party B shall carry social insurances as required by the national
                law and regulations of the local government and pay social insurance
                in
                time. Party A shall withhold the individual part of the social insurance
                of Party B from the wage of Party
                B.

            

    

    
      	
              (2)  

            	
              Other
                welfare shall comply with the regulations of Party
                B.

            

    

    

    
      	
              7.  

            	
              Change
                and cancellation of contract.

            

    

    
      	
              (1)  

            	
              If
                circumstances change, such as Party A adjusts production or production
                projects, the two parties can change the content of labor contract by
                consensus.

            

    

    
      	
              (2)  

            	
              During
                the term of contract, each of the two parties can cancel the contract
                under the circumstances according to the prescriptions of Labor Law
                upon
                thirty days’ prior written notice to the other
                party.

            

    

    
      	
              (3)  

            	
              Under
                any of the following circumstances for Party B, Party A may cancel
                the
                contract at any time:

            

    

    1 Party
      B has absenteeism for over  3  working day or for
      over  15     times per
      year;

    2 Party
      B breaches the working regulation or operating procedure causing an accident,
      or
      has dereliction of duty causing serious consequences;

    3 Party
      B seriously breaches work order resulting in unmoral work of Party
      A;

    4 Party
      B seriously breaches the regulations or labor discipline of Party
      A;’

    5
      Party B
      is sentenced to detention or imprisonment or penalty suspended  or
      re-education through labor.

    

    
      	
              8.  

            	
              Termination
                o f contract

            

    

    (1) Under
      any of the following circumstances, the contract shall be
      terminated.

    1
      The
      contract will be terminated at the expiration date. If any party requests for
      renewal of the contract, it shall notify the other party. The procedures for
      renewal of the contract can be made upon mutual consensus of the two
      parties

    (2)
      Retirement or redundancy of Party B shall comply with relevant national
      regulations.

    2
      After
      the termination of the contract, Party A shall provide Party B with
      Certification of Termination of Labor Contract, and follow relevant
      procedure.

    

    
      	
              9.  

            	
              Breach
                Liabilities

            

    

    
      	
              (1)  

            	
              The
                contract shall come into effect once being signed and shall be carried
                out
                strictly by both parties.

            

    

    
      	
              (2)  

            	
              Should
                any party breach the contract, the liable party shall bear the legal
                responsibility, and make compensation for economical losses caused
                to the
                other party in view of the result and its
                liability.

            

    

    
      	
              (3)  

            	
              If
                Party B leaves his post without permission, and cause the termination
                of
                the contract, and caused direct economical losses to Party A, Party
                B
                shall make compensation according to the losses. If the economical
                losses
                are immeasurable, the Party A shall make compensation equal to amount
                of
                the standard monthly wage.

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    
      	
              10.  

            	
              Others

            

    

                                N/A

    
      
        

      

    
      	
              11.  

            	
              Any
                dispute arising out of performance of the contract may be settled
                by
                negotiation of the two parties.

            

    

    

    
      	
              12.  

            	
              The
                contract is in quadruplicate, with two copies holding by Party A , one
                holding by Party B and one filed in the supervision
                authority.

            

    

    

    

    Party
      A:                                                        Party
      B:       Hu Xiaoming

    Legal
      representative:

    (or
      authorized person):

    Zhejiang
      Kandi Vehicle Co., Ltd.

    
Date:
           June 6th,
      2004

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00126-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00126-of-00352.parquet"}]]