Document:

Unassociated Document

    Exhibit
4.8

    

    

    September
19, 2007

    

    

    Re:  Investor
Warrants Proposal

    

    

    Dear
November 3, 2006 PIPE Investors:

    

    

    In
accordance with the provisions set in the Share Purchase Agreement and
Registration Rights Agreement associated with the November 3, 2006 PIPE
transactions, we  have incurred the following penalties:

    

    (1)   Maximum
penalty related to the delay in causing the registration statement
covering Investor
shares to be filed and declared effective and;

    

    (2)   Partial
penalty related to delay in settling related party transaction
balance.

    

    As a
result, according to our careful calculation, which was verified by our
independent auditors, we now have $2,010,000 in cash penalties payable to PIPE
transaction Investors.

    

    In order
to preserve cash in Duoyuan for business operation and growth, and to preserve
reported fiscal year 2007 US GAAP after tax net earnings, we now propose to
issue 793,421 stock purchase warrants instead of cash to PIPE transaction
Investors on a pro rata basis.  The basic terms of the warrants that
we are proposing to issue include:

    

    
      	
              (1) 

            	
              each
      warrant is exercisable into one Duoyuan common stock (adjusted for post
      reverse-split) at
      an strike price of $5.76 per share, which is 150% of the $3.84 (adjust for
      post reserve-split) PIPE
      price;

            

    

    

    (2)  each
warrant carries a call provision at 200% of the strike price

    

    (3)  the
warrants have a terms of 5 years.

    

    To assist
you in understanding the math associated with our proposed alternative, we offer
the following hypothetical scenario for your consideration.  As an
example:

    

    (1)  If
the market consensus on Duoyuan fiscal year 2009 reported US GAAP after tax
net earnings
is $23.9 million ($0.95 per share), in line to our  2008 Make-good
and;

    

    
      	
              (2) 

            	
               After
      our stock starts trading in late 2007, if the Duoyuan common stock were to
      trade at 10x market
      consensus on fiscal year 2008 reported US GAAP after tax net earnings,
      namely $9.56
      (10 X $0.95) per share (adjusted for post
  reverse-split).

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (3)  The
warrants would have an intrinsic value of at least $3,015,000, which is 150% of
cash penalty
amount.  See attached table for details.

    

    We feel
that our warrants proposal offers a significant value proposition to
you.  We sincerely hope you will consider our warrant proposal as an
acceptable alternative to receiving the penalty payment in cash.

    

    Please
call Gene Bennett at 8610-6021-2222 ext 215, Duoyuan’s CFO, should you wish to
discuss these two options.  Alternatively, please check the
appropriate box on the attached form denoting your decision and fax back to Gene
Bennett at 8610-6021-2164.

    

    Thank
you!

    
      
        
          	 	 	 
	 	 	ASIAN
      FINANCIAL, INC.	 
	 	 	 	 
	
                   

                	
                   

                	/s/ Wenhua
      Guo	 
	 	 	Name:  Wenhua
      Guo	 
	 	 	Title:  Chief
      Executive Officer	 
	 	 	 	 

        

      

    

    Attached:
Duoyuan Penalty Warrants.exlUnassociated Document

    Exhibit
4.9

    

    Asian
Financial, Inc.

    4/F, No.
3 Jinyuan Road

    Daxing
District Industrial Development Zone

    Beijing,
102600 China

    

    

    October
26, 2007

    

    [Investor
address]

    

    Re:
Investor Warrants Proposal Supplemental Letter

    

    Dear
Investors:

    

    We refer
to our letter to you dated September 20, 2007 relating to the Registration
Rights Agreement dated October 24, 2006, by and among Asian Financial, Inc. (the
“Company” or “we”) and the investors (the “Investors”) and our incurrence of
maximum penalty related to various Events as defined in the Registration Rights
Agreement, including but not limited to the delay in causing the registration
statement covering Investor shares to be filed and declared
effective.

    

    As stated
in our earlier letter, we calculated that we had incurred $1,883,935.96 in cash
penalties payable to the Investors and we offered two proposals for your
consideration. You have the options either to receive cash penalty in the amount
of $_______ or our warrant proposal, which will give you warrants to purchase
_________ shares of the Company in lieu of cash. As stated in our earlier
letter, warrants proposal offers a significant value proposition to you. For
those investors electing the warrant options, please provide a statement in the
form attached to this supplemental letter, even if you have sent an election
notice to the Company before. If you are making the election now, please use the
statement attached to this supplemental letter.

    

    Please
call Gene Bennett, our CFO, at 8610-6021-2222 ext 215 should you wish to discuss
these two options. Please fax back to Gene Bennett at 8610-6021-2164 if you
elect to sign the statement attached hereto.

    

    Thank
you!

    
      
        
          	 	 	 
	 	 ASIAN
      FINANCIAL, INC	 
	
                   

                	
                  By:
      

                	 	 
	 	Name: 
      	Wenhua
      Guo	 
	 	Title:
      	Chief
      Executive Officer	 
	 	 	 	 

        

      

    

    

    Attached:
Asian Financial Penalty Election

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Election
and Statement to Receive Warrant Penalty

    

    Pursuant
to the above Investor Warrants Proposal Supplemental Letter, the undersigned
hereby elects to receive the penalty payment in warrants to purchase ________
shares of Asian Financial, Inc. Upon the receipt of the warrants, the
undersigned hereby expressly acknowledges and agrees that the Company has
satisfied in full its obligations under the penalty provisions in the
Registration Rights Agreement and that the undersigned irrevocably waives any
further claim to request such penalty payment from the Company. The undersigned
further acknowledges that such warrants and shares of common stock issued or
issuable upon the exercise of the warrants are not registered under the
Securities Act of 1933, as amended, are restricted securities and can
only be
transferred if they are registered or exempt from the registration requirement.
The undersigned’s representations in Section 3.2 of the Securities Purchase
Agreement among the Company and the undersigned dated October 24, 2006 are true
and correct as of the date hereof.

    
      
        
          
            
              
                
                  
                    
                      
                        	 	 	 
	 	[Investor]	 
	 	 	 	 
	 	 	 	 
	
                                 

                              	
                                By:
      

                              	 	 
	 	Name: 
      	 	 
	 	Title:	 	 
	 	Date:
      	 	 

                      

                    

                  

                

              

            

          

        

      

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      Election
to Receive Cash Penalty

      

      Pursuant
to the above Investor Warrants Proposal Supplemental Letter, we hereby elect to
receive the penalty payment in cash in the amount of $______.

      
         

        
          
            
              
                
                  
                    
                      
                        
                          
                            	 	 	 
	 	[Investor]	 
	 	 	 	 
	 	 	 	 
	
                                     

                                  	
                                    By:
      

                                  	 	 
	 	Name: 
      	 	 
	 	Title:	 	 
	 	Date:Unassociated Document

    Exhibit
10.18

    

    English
Translation of Employment Agreement

    

    
      
        	
                Employer:

              	
                Duoyuan
      Digital Press Technology Industries (China) Co., Ltd.

              
	
                Employee:

              	
                Wenhua
      Guo

              
	
                Date:

              	
                December
      26, 2007

              

      

    

    
Pursuant
to “People’s Republic of China Labor Law,” “People’s Republic of China
Employment Contract Law” and other related laws and regulations, Party A and
Party B hereby voluntarily execute this agreement on the basis of equality and
consensus, and will comply with all the terms of this agreement.

    

    Section
1        Basic Information of the Two
Parties

    

    
      Article
1

      

    

    
      	
              
                Party
      A

              

            	 	
              
                Duoyuan
      Digital Press Technology Industries (China) Co.,
  Ltd.

              

            
	
              
                Legal
      Representative or Agent

              

            	 	
              
                Wenhua
      Guo

              

            
	
              
                Registered
      Address

              

            	 	
              
                Floor
      4, No.3, Jinyuan Rd

                Daxing
      Industrial Development Zone, Beijing, China

              

            
	
              
                Operation
      Address

              

            	 	
              
                Floor
      4, No.3, Jinyuan Rd

                Daxing
      Industrial Development Zone, Beijing,
  China

              

            

    

    

    Article
2

    

    
      	
              
                Party
      B

              

            	 	
              
                Wenhua
      Guo

              

            
	
              
                Gender

              

            	 	
              
                Male

              

            
	
              
                Type
      of Household Register (Agriculture type or Non-agriculture
      type)

              

            	 	
              
                Non-agriculture

              

            
	
              
                Identification
      Card No.

              

            	 	
              
                xxxxx

              

            
	
              
                Other
      Valid Certification

              

            	 	
              
                N/A

              

            
	
              
                Starting
      Date for Party A

              

            	 	 
      
	
              
                Family
      Address

              

            	 	
              
                Room
      801,10th Unit, No.4 Building

                Xida
      Street, Chongwenmen, Chongwen District, Beijing

                Zip
      Code: 100005

              

            
	
              
                Residence
      Address

              

            	 	
              
                Room
      801,10th unit, No. 4 Building

                Xida
      street, Chongwenmen, Chongwen District, Beijing

                Zip
      Code: 100005

              

            
	
              
                Household
      Register Address

              

            	 	
              
                Chongwenmen,
      Chongwen District, Beijing

              

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Section
2          Terms

    

    Article
3

    

    This
agreement has non-fixed term.  The agreement starts from December 26,
2007 and terminates when the conditions that are lawful or binding to this
agreement arises.

    

    

    Section
3         Working Responsibility
and Working Place

    

    Article
4

    

    Party B
agrees to hold management position, based on the needs of Party
A.  Party B shall timely finish the quantity of work required by Party
A and meet the quality standard required by Party A.  In case of the
following situations, Party A has the right to adjust Party B’s work position,
and Party B must comply:

    

    (1)           The
workload of the original position is insufficient and it isconsolidated with
another position.

    (2)           The
original position is canceled due to reorganization andcorporate
restructure.

    (3)           The
original position is canceled due to equipment or technology
update.

    (4)           The
original position is canceled due to operational considerations.

    (5)           Demand
caused by other reasons.

    

    Article
5

    

    According
to Party A’s work position requirements, Party B’s working location is in
Beijing.  In case of the following situations, Party A can change
Party B’s working location at any time, and Party B must comply:

    

    (1)           Changing
working location due to change of position.

    (2)           Changing
working location due to ease of management for Party A.

    (3)           Changing
department or company locations due to changes in operationstrategy or
conditions.

    (4)           Other
changes caused by work demand.

    

    

    Article
6

    

    Party B’s
work shall meet the standard required by its position.

    

    In the
following situations, Party A has the right to provide training for Party B or
change Party B’s position, and Party B must comply:

    

    (1)           Party
B cannot finish the required work quantity and/or meet the quality

    standards.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    (2)           Party
B cannot meet the quota required by Party A.

    (3)           Party
B has not passed performance examination.

    (4)           Party
B’s working ability and performance cannot meet the standards

    required by his position.

    (5)           Party
A has arranged a third party substitute for Party B due to Party
B’s

    absence.

    

    Section
4           Work Time,
Breaks and Holidays

    

    Article
7

    

    Party A
arranges Party B to execute working time system No. 2.

     

    
      
        
          
            	 	
                    (1)

                  	
                    Standard
      Work Time System: Party B works no more than 8 hours per day and no more
      than 40 hours per week. Party B does not work  on Saturdays and
      Sundays. When Party A arranges Party B to work overtime, it must be
      pre-approved. If Party B works overtime without pre-approval from Party A,
      he will not be entitled to overtime benefit. Party B has the right to
      refuse overtime arrangement that is not
  pre-approved

                  

          

        

      

    

    

    
      
        
          	 	
                  (2)

                	
                  Non-Fixed
      Work Time System: Taking into consideration the company’s attendance
      system, if it’s required by work, Party B shall extend his working time
      per company’s requirements. Except for weekends and holidays, Party B does
      not enjoy the overtime benefit. When company staff of company travel on
      company business, he or she will be working in accordance with Non-Fixed
      Work Time System.

                

        

      

    

    

    Article
8

    

    Party A
shall guarantee Party B’s right to breaks and holidays. When Party A requires
Party B to work overtime, Party A shall pay Party B overtime fee per PRC
regulations. When Party A arranges Party B to work overtime on weekends or
holiday, Party A can arrange adjusted break time for Party B.  If
break adjustments are not possible, Party A shall pay overtime benefit to Party
B per PRC regulations.

    

    

    Section
5         Compensation

    

    Article
9

    

    Party A
shall pay salary, in legal currency, to Party B before the 5th day of
each month for previous month’s.  Monthly salary shall be based on the
work position.  When work (including position) changes, the salary
shall reflect the new work position.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Article
10

    

    If Party
B is waiting for work due to Party A’s low production, Party A shall pay Party
B’s salary, which is no less than the minimum living standard
system.

    

    

    Section
6           Social
Insurance and Other Benefits

    

    Article
11

    

    Both
parties shall participate in the social insurance program per PRC
regulation.  Party A shall process the relevant social insurance
procedures for Party B and bear the corresponding obligation for social
insurance.

    

    Article
12

    

    The
medical treatment Party B receives due to sickness or non-work-related injures
shall be in compliance with relevant PRC regulations. If Party B is hospitalized
due to illness, then he shall be entitled to medical leave.

    

    Article
13

    

    The
medical treatment Party B receives due to occupational illness or work-related
injuries shall be in compliance with relevant PRC regulations.

    

    Article
14

    

    Party A
provides the following benefits to Party B:

    

    (1)           Pursuant
to relevant  PRC social benefit regulations, Party Ashall pay the
social benefit for Party B in full and on time.

    (2)           Pursuant
to relevant PRC housing fund regulations, Party A shall pay thehousing fund for
Party B in full and on time.

    

    

    Section  7      Work
Protection, Labor conditions and Preventing Occupation Damage

    

    Article
15

    

    Party A
shall provide Party B the necessary safety protection measures and protection
tools given the working needs and in compliance with PRC employment safety and
healthy regulations.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Article
16

    

    Party A
shall establish safety production system per PRC law and
regulations.  Party B shall comply strictly with the safety production
system.  Party B is prohibited from not complying with the related
regulations, so as to avoid accidents and reduce work-related
injuries.

    

    Article
17

    

    Party A
shall establish and strengthen its system to prevent and treat occupational
illnesses.

    

    Section
8         Canceling, Determination,
Renewal and Economic Compensation of the Agreement

    

    Article
18

    

    Part A
and Party B can cancel, terminate, and renew the agreement according to People’s
Republic of China Employment Contract Law and other related
regulations.

    

    Article
19

    

    If Party
B is proven to be not qualified during his trial employment period and meet one
or more of the following criteria, Party A has the right to terminate the
agreement immediately without  compensating Party B.

    

    (1)           Party
B refuses to execute company’s work related arrangement
andrequirements.

    (2)           Separation
certificate shows that Party B lacks the requisite experienceor expertise
required by his work.

    (3)           Party
B violated PRC law and regulations and was subjected to
judicialfines.

    (4)           According
to the examination results, Party B is not qualified foremployment.

    

    Article
20

    

    Party B
shall comply with Party A’s work related regulations and rules. When Party B
violates those regulations and rules, Party A subject Party B to penalties
and/or fines. In the following situations, Party A has the right to terminate
the agreement immediately without compensating Party B.

    

    (1)           Material
violation human resources rules and system by Party B.

    (2)           Absence
for over three days without good reason.

    (3)           Absence
without leave for two or more times within a month.

    (4)           Handling
personal errands during working hours for three or more times.

    (5)           Clocking
in for other or have others clock in for him for three or
moretimes.

    (6)           Submission
of fictitious certificate for sick leave, pregnancy leave,wedding leave and
funeral leave.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (7)           Submission
of fictitious work excuse certificate and overtime certificate.

    (8)           Willful
submission of fictitious certificates, papers and other documents.

    (9)           Hiring
relatives or other people related to Party B without pre-approval.

    (10)         Violation
of salary, bonus and/or reimbursement policies.

    (11)         Refusal
to execute company’s arrangement and its requirements.

    

    

    The
following situations are material violations by Party B of the administrative
management

    system.

    

    (1)           Personal
phone calls during work hours for over two hours within onemonth.

    (2)           Uses
company funds to make personal phone calls during non-workinghours for over two
hours within one month.

    (3)           When
delivering goods, failure to show delivery note and/or leave theplant by
force.

    (4)           Participation
in work disturbance and/or negatively affect normal workenvironment and
conditions.

    (5)           Willfully
tarnishing company’s reputation through rumors.

    (6)           Stealing
and damaging company property.

    

    The
following situations are material violations by Party B of the information
management

    system.

    

    (1)           Changing
network setup beyond work scope, or negatively affect ITnetwork or infect IT
network with a virus.

    (2)           Using
others’ computers for non-work related activities.

    (3)           Engaging
in non-work related activities, such as stock trading, onlinegames and operating
personal website, during working hours.

    (4)           Using
company network to download and spread documents, films orsongs for three or
more times.

    (5)           Connecting
personal computer company’s network without pre-approval.

    (6)           Disassembling
and/or assembling of company’s IT equipmentswithout pre-approval.

    (7)           Using
flash keys and/or other storage devises without pre-approval.

    

    The
following situations are material violations by Party B of the sales
management

    system.

    

    (1)           Failure
to collect receivables three months after the invoice is issued.

    (2)           Direct
or indirect disclosure of company’s operating strategy, clientsmaterials or bid
document/prices to competitors.

    (3)           Direct
or indirect introduction of customer to competitors.

    (4)           Damaging
company’s profit with customers and distributors.

    (5)           Refusal
to turn in payments.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Article
21

    

    In case
of material negligence, malpractice and robbery that causes damages to the
company, Party A has the right to terminate the agreement immediately without
compensating Party B.

    

    (1)           Violation
of fiduciary duties and material negligence, with loss of RMB3,000 or
more.

    (2)           Willful
actions that causes loss of RMB 1,000 or more.

    (3)           Failure
to prevent damages to company or company property.

    (4)           Fictitious
reimbursement over RMB 500.

    (5)           Receiving
money or other items value over RMB 500 fromcustomers, distributors and/or
suppliers.

    (6)           Violation
of company regulations related to giving customer internaloperating materials or
staff archives without pre-approval.

    (7)           Use
of company’s official seal, official documents and/or copy of thebusiness
license and articles of incorporation without pre-approval.

    

    Article
22

    

    If Party
B’s engagement with other companies negatively impacts his work for Party A, and
warning from Party A, Party B refuses to change, Party A has the right to
terminate the agreement  without compensation. Party A has the right
to terminate the agreement immediately without compensation.

    

    (1)           Prior
to Party B entering into this agreement with company, he has enteredinto another
employment agreement with another company.

    (2)           After
Party B enters into this agreement with company, he enters intoanother
employment agreement with another company.

    (3)           After
Party B enters into this agreement with company, he dose part timework for
another company.

    (4)           After
Party B enters into this agreement with company, he establishes hisown company
or individual business.

    

    Article
23

    

    When
Party A terminates this agreement, Party A shall issue a certificate and shall
assist with the transferring of Party B’s archives and social
benefit.

    

    Article
24

    Party B
shall handle the relevant departure procedures per Party A’s requirements.
Severance payments, if applicable, shall be paid within one month after
termination.

    

    Article
25

    Party B
can terminate this agreement with 30-day written notice to Party A. Otherwise,
Party B shall pay one-month salary to Party A in lieu of notice.  If
Party B does not plan to renew this agreement, Party B shall send 30-day written
notice to Party A prior to this agreement’s expiration.  If Party B
terminates this agreement during trial employment period, he shall send 3-day
written notice to Party A.  Otherwise, Party B shall pay 3-day salary
to Party A in lieu of notice.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Article
26

    If the
objective situation on which this agreement was entered into changes and this
agreement can not be executed, with mutual consent from both parties, this
agreement can be amended. If one party seeks to amend, it shall provide the
other party written notice and the other party shall send written reply within
15 days.  If the other party does not reply after 15days, then it
shall constitute disagreement on the part of the other party to the proposed
amendments.

    

    Article
27

    This
agreement shall automatically terminate after it expires. Upon mutual consent,
the two parties can re-enter into an agreement.  If they can not reach
mutual consent, then the agreement will terminate and the two parties shall deal
with the related procedures. If upon the agreement’s expiration, the company
dose not terminate the agreement, then it shall constitute renewal of the
agreement.

    

    Article
28

    During
the agreement period, when Party A proposed to terminate this agreement, then
Party A shall give Party B some economic compensation per state
regulation.

    

    Article
29

    If Party
B wants to terminate this agreement and does not want to renew the agreement as
it expires, and if Party B was trained at the expense of Party A, then Party B
shall repay the training expense as follows:

     

    
      

      
        
          	 	
                  (1)

                	
                  If
      Party B does not enter into a separate training agreement, and Party B was
      trained at the expense of Party A, and if he dose not work for Party A for
      one year during training period or after training period, then Party B
      shall return the training fee in full.  If he does not serve for
      two years, then 2/3 of training fee must be returned and 1/3 must be
      returned if not serving Party A for three years. If Party B has served
      company for three years, no training fee need to be
    returned.

                

        

      

       

      
        
          	 	
                  (2)

                	
                  If
      Party B has entered a separate training agreement, returns of training
      fees shall refer to terms of the training
  agreement.

                

        

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

     

    Section
9           Confidentiality
and Intellectual property

    

    Article
30

    

    Party B
agrees that he will keep all business secrets and technology secret
confidential.

     

    
      
        
          	 	
                  (1)

                	
                  Business
      secrets means the information and technology invented, obtained or
      controlled by company, including (but not limited to) products and service
      that have not been released, marketing information, technology
      information, management method, regulations and system, business plan,
      purchase materials, purchase channel, bids and base price on bids, pricing
      policy, customer list and staff
archives.

                

        

      

    

     

    
      
        
          	 	
                  (2)

                	
                  Technology
      secrets refer the following that are researched and developed, or mastered
      by other legal methods, not released and can bring economic benefits or
      competitive advantages, including but not limited to design drawings
      (including draft), laboratory results and laboratory record, processes,
      formulas, samples, data and computer program etc. Technology information
      can be either technology solution with specified and complete technology
      that can formulate a product, process, material or their improvement or
      technology or partial technology elements that are included in a certain
      product, process, and
material.

                

        

      

    

     

    Article
31

    

    During
the duration of this agreement, if Party B discloses business secrets or
technology secrets mentioned above to other people (whether they are employee of
company or not) and commits material violation of such policies, then he will be
dismissed immediately. If he materially violates the policies, Party A reserved
the right to seek legal remedy.

    

    Article
32

    

    Unless
otherwise consented by company in writing, Party B cannot make use of business
secrets to carry on production or operation activities and he cannot use
technology secrets for new research and development.

    

    Article
33

    

    Upon
Party B’s departure from company, Party B shall return all records and/or
documentations of business secrets and technology secrets. He can not take them
after departure and/or copy or duplicate them.

    

    Article
34

    

    Intellectual
property: Any invention, improvement, revision, discovery, assumption and other
works related to Party A’s business made by Party B during the duration of this
agreement are owned by Party A, and Party B agrees that all the intellectual
property related to invention shall be owned by Party A for free.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Section
10            Limits
on Competitive Industry

    

    Article
35

    

    Within
two years of Party B’s departure from company, Party B shall not engage from the
following:

    

    (1)           Establish
a company that competes with Party A.

    (2)           Work
for Party A’s competitor.

    (3)           Work
part time Party A’s competitor.

    (4)           Induces
other staff of company to leave Party A.

    (5)           Engage
in other competitive behavior.

    

    

    Article
36

    

    Party B
agrees that he will not disclose the business secret or technology secrets to
third party within two years after Party B’s departure. Party B also agrees that
he will not use business secrets or technology secrets to compete with Party A
or otherwise damage Party A’s profits. If Party B discloses the business secrets
or technology secrets mentioned above, Party B shall indemnify all loss caused
to Party A.

    

    Article
37

    

    Within
two years after Party B’s departure, Party A shall pay monthly economic
compensation based on the lowest living standards in the year of Party B’s
departure.

    

    Article
38

    

    If Party
B violates the limits on competitive industry and causes loss to Party A, then
Party B shall indemnify with the minimum indemnification no less than three
times economic loss by Party A and the maximum indemnification amount no more
than the actual loss brought to Party A. If it is Party B causes Party A not be
able to pay monthly economic compensation, then Party B shall still bear the
indemnification obligation.

    

    

    Section
11          Labor Disputes and
Other

    

    Article
39

    

    If the
two parties have disputes during the duration this agreement, they can seek
arbitration from the Labor dispute Arbitration Committee. If the parties do not
accept the arbitration results, then they can seek legal remedy at the people’s
court.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Article
40

    

    Party B’s
communication address in the first section is for receiving the documents
related to agreement. If it changes, then Party B shall notify Party A via
written notice, otherwise any consequence due to communication disruption will
be taken by Party B.

    

    

    Article
41

    The
exhibits to this agreement are:

    

    Exhibit
1: Copy of identification card of Party B (With Party B’s
signature)

    Exhibit
2: Copy of household register of Party B (With Party B’s signature)

    Exhibit
3: Copy of academic certificate of Party B (With Party B’s
signature)

    

    Article
42

    

    If any
terms of this agreement are contrary to PRC laws and regulations, they shall be
conformed to PRC regulations.

    

    Article
43

    

    There are
two identical copies regarding this agreement with each party holding
one.

    

    

    Party
A:  Duoyuan
Digital Press Technology Industries (China) Co., Ltd. (Seal)

    

    Legal
Representative or Entrusted Agent: Wenhua Guo
(Seal)

    

    

    Party B:
/s/ Wenhua
Guo

    

    Date:
December 21, 2007

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