Document:

BE Resources Inc.: Exhibit 10.1 - Filed by newsfilecorp.com

Exhibit 10.1

SECOND AMENDMENT OF 
EMPLOYMENT AGREEMENT

This SECOND AMENDMENT OF EMPLOYMENT AGREEMENT (this
“Amendment”) is made to be effective as of July 1, 2010, by and between
BE Resources Inc., a Colorado corporation (the “Company”), and David Q.
Tognoni, an individual (“Employee”). 

RECITALS 

WHEREAS, the Company and Employee entered into an
employment agreement on December 1, 2007, as subsequently amended and extended
("Employment Agreement"), the provisions of which are incorporated
herein, under which the Company has retained the Employee to serve as the
President and Chief Executive Officer of the Company until December 31, 2010,
unless the Employment Agreement is further extended; and

WHEREAS, the first amendment to the Employment Agreement
amended the provision concerning expenses payable by the Company to Employee
effective as of September 1, 2009; and 

WHEREAS, the Company and Employee have agreed that the
Company will pay to the Employee an expense allowance beginning July 1, 2010 and
desire to further amend the Employment Agreement to reflect this agreement. 

NOW THEREFORE in consideration of the mutual covenants
and promises of the parties, the Company and Employee covenant and agree as
follows: 

1. 

 Expenses. Section 2.5 of the Employment Agreement is
hereby deleted and replaced with the following: 

Beginning July 1, 2010 and continuing during the Term of the
Employment Agreement, the Company shall pay Employee a flat fee allowance of
$15,000 per month (the “Office Allowance”) which is intended to cover the
cost of office space used by the Employee and all overhead costs associated
therewith, including telephone, fax, supplies, equipment rental, secretarial and
other support. Employee shall not be required to provide evidence of expenses
concerning the Office Allowance and the Office Allowance shall be paid by the
Company to the Employee regardless of the actual amount incurred by the
Employee. Employee shall be responsible for all costs of office space and all
overhead costs associated therewith to the extent such expenses exceed $15,000
in any given month. 

In addition to the Office Allowance, the Company will promptly
reimburse Employee for Employee's reasonable out-of-pocket expenses incurred in
connection with Company business provided that Employee submits evidence of such
expenses to the Company on a monthly basis in accordance with Company policy.
Such reasonable out-of-pocket expenses shall be exclusive of expenses concerning
office space used by the Employee and all overhead costs associated therewith as such expenses are paid by the Company pursuant to
the Office Allowance discussed in this Section 2.5. 

2. 

 Other Terms and Conditions Remain Unchanged. All
other terms and conditions of the Employment Agreement shall remain in effect
and unchanged.

3. 

 Counterparts. This Agreement may be executed in one
or more counterparts, all of which taken together will constitute one and the
same Agreement. 

IN WITNESS WHEREOF, the parties hereto have executed
this Amendment to be effective as of the day and year first above written. 

  
	BE RESOURCES INC., 	EMPLOYEE 
	A Colorado corporation 	  
	  	  
	  	  
	  	  
	By: /s/ Edward
      Godin            
       	By: /s/ David Q.
      Tognoni              
       
	Name: Edward Godin 	David Q. Tognoni 
	Title: Director 	  
	Date: June 29, 2010 	Date: June 29, 2010 

  

2China Unitech Group, Inc.: Exhibit 4.1 - Filed by newsfilecorp.com

Exhibit 4.1

CANCELLATION AGREEMENT 

          CANCELLATION
AGREEMENT, dated July 2, 2010 (this “Agreement”), by and among,
China Unitech Group, Inc., a Nevada corporation (the “Company”),
and the shareholder identified on the signature page (the “Cancelling
Party”). 

BACKGROUND 

          On
or about the date hereof, the Company has entered into a Share Exchange
Agreement with Classic Bond Development Limited, a British Virgin Islands
company (“Classic Bond”), and its shareholders (the
“Shareholders”), pursuant to which the Company will acquire from
the Shareholders all of the issued and outstanding capital stock of Classic Bond
in exchange for 18,800,000 shares of the Company’s common stock (the
“Share Exchange Transaction”). 

          It
is a condition precedent to the consummation of the Share Exchange Transaction
that the Cancelling Party enter into this Agreement, and that certain other
shareholders of the Company (the “Other Cancelling Parties”) who are also
cancelling shares enter into similar cancellation agreements, which will
effectuate the cancellation of an aggregate of 4,973,600 shares of the common
stock, par value $.00001 per share, of the Company held by the Cancelling Party
and the Other Cancelling Parties (the “Subject Shares”). The
Cancelling Party is entering into this Agreement to, among other things, induce
Classic Bond and the Shareholders to enter into the Share Exchange Transaction
and the Cancelling Party acknowledges that Classic Bond and the Shareholders
would not consummate the transactions contemplated by the Share Exchange
Transaction unless the transactions contemplated hereby are effectuated in
accordance herewith.

AGREEMENT 

          NOW,
THEREFORE, in consideration of the mutual promises herein contained and for
other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties hereto agree as follows: 

          1.          
Cancellation of Subject Shares. The Cancelling Party has delivered to the
Company for cancellation stock certificates representing the number of shares of
the Company’s Common Stock specified on the signature page hereto under the
caption “Subject Shares” (the “Subject Shares”) along with duly executed
medallion guaranteed stock powers covering the Subject Shares (or such other
documents acceptable to the Company’s transfer agent) and hereby irrevocably
instructs the Company and the Company’s transfer agent to cancel the Subject
Shares such that the Subject Shares will no longer be outstanding on the stock
ledger of the Company and such that the Cancelling Party shall no longer have
any interest in the Subject Shares whatsoever. The Company shall immediately
deliver to the Company’s transfer agent irrevocable instructions providing for
the cancellation of the Subject Shares.

          2.          
Representations by the Cancelling Party. 

                         (a)           The
Cancelling Party owns the Subject Shares, of record and beneficially, free and
clear of all liens, claims, charges, security interests, and encumbrances of any
kind whatsoever. The Cancelling Party has sole control over the Subject Shares
or sole discretionary authority over any account in which they are held. Except
for this Agreement, no person has any option or right to purchase or otherwise
acquire the Subject Shares, whether by contract of sale or otherwise, nor is
there a “short position” as to the Subject Shares. 

                         (b)           The
Cancelling Party has full right, power and authority to execute, deliver and
perform this Agreement and to carry out the transactions contemplated hereby.
This Agreement has been duly and validly executed and delivered by the
Cancelling Party and constitutes a valid, binding obligation of the Cancelling
Party, enforceable against it in accordance with its terms (except as such
enforceability may be limited by laws affecting creditor's rights generally).

          3.           Further
Assurances. Each party to this Agreement will use his or its best efforts to
take all action and to do all things necessary, proper, or advisable in order to
consummate and make effective the transactions contemplated by this Agreement
(including the execution and delivery of such other documents and agreements as
may be necessary to effectuate the cancellation of the Subject Shares). 

          4.          
Amendment and Waiver. Any term, covenant, agreement or condition of this
Agreement may be amended, with the written consent of the Company and the
Cancelling Party, or compliance therewith may be waived (either generally or in
a particular instance and either retroactively or prospectively), by one or more
substantially concurrent written instruments signed by the Company and the
Cancelling Party. 

          5.           Survival
of Agreements, Representations and Warranties, etc. All representations and
warranties contained herein shall survive the execution and delivery of this
Agreement. 

          6.          
Successors and Assigns. This Agreement shall bind and inure to the
benefit of and be enforceable by the Company and the Cancelling Party, and their
respective successors and assigns. 

          7.           Governing
Law. This Agreement (including the validity thereof and the rights and
obligations of the parties hereunder and thereunder) and all amendments and
supplements hereof and thereof and all waivers and consents hereunder and
thereunder shall be construed in accordance with and governed by the internal
laws of the State of New York without regard to its conflict of laws rules,
except to the extent the laws of Nevada are mandatorily applicable. 

          8.           Indemnification.
The Cancelling Party shall indemnify, defend and hold the Company harmless from
and against all claims, losses, costs, penalties, fees, liabilities and damages,
and expenses arising out of or otherwise related to (a) any breach of any
representation or warranty contained herein, or (b) any assertion by the
Cancelling Party or any third party to any right in the Subject Shares. 

          9.           Miscellaneous.
This Agreement embodies the entire agreement and understanding between the
parties hereto and supersedes all prior agreements and understandings relating
to the subject matter hereof. In case any provision of this Agreement shall be
invalid, illegal or unenforceable, the validity, legality and enforceability of
the remaining provisions shall not in any way be affected or impaired thereby.
This Agreement may be executed in any number of counterparts and by the parties
hereto on separate counterparts but all such counterparts shall together
constitute but one and the same instrument. This Agreement may be reproduced by
any electronic, photographic, photostatic, magnetic, microfilm, microfiche,
microcard, miniature photographic, facsimile or other similar process and the
original thereof may be destroyed. The parties agree that any such reproduction
shall, to the extent permitted by law, be as admissible in evidence as the
original itself in any judicial or administrative proceeding (whether or not the
original is in existence and whether or not the reproduction was made in the
regular course of business) and that any enlargement, facsimile or further
reproduction shall likewise be admissible in evidence. Facsimile execution and
delivery of this Agreement is legal, valid and binding execution and delivery
for all purposes. 

[Signature Page Follows] 

2 

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

 

CHINA UNITECH GROUP, INC. 

By:
_________________________________________
Name: Xuezhang Yuan 
Title:
President 

Shareholder 

By:
_________________________________________
Name:

Subject Shares:
________________________________

(representing _____________ shares of
China Unitech Group, Inc. owned by the shareholder) 

[Signature Page to Cancellation Agreement]

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