Employment Agreement
Exhibit
10.10
This
Employment Agreement (hereafter referred to as this “Agreement”) is entered into
by and between Foshan S.P.L Special Materials Company (hereafter referred to as
“Party A”) and Xxxxxx Xxxx (hereafter referred to as “Party B” ) as of November
20, 2008. Party A agrees to appoint Party B as chief technology officer and
Party B agrees to accept the appointment, the Parties agree as
follows:
Each of
Party A and Party B shall be hereinafter referred to as a “Party” respectively,
and as the “Parties” collectively.
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1.
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The
employment term is commencing upon November 20, 2008 and ending on
November 19, 2013. During the employment term, Party A or Party B may
terminate this Agreement by giving a thirty-day advance notice, and it is
not subject to any penalty and pecuniary
compensation.
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2.
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Party
B’s job post description: Party B shall be in charge of all the technical
and R&D matters under the leadership of the Board of Directors and the
general manager.
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3.
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Party
B’s salary: US$ 5,000 per month beginning on the closing date of the
public offering.
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4.
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Welfare:
during the employment term, Party A shall provide free accommodation for
Party B.
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5.
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Modification
of this Agreement: the Parties may modify this Agreement upon
negotiation.
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6.
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Termination
of this Agreement: this Agreement may be terminated upon negotiation.
Party B may terminate this Agreement by giving thirty-day advance notice
in writing.
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7.
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Party
B agrees to abide by the Personnel Regulations and other rules and
regulations stipulated by Party A.
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8.
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Issues
that are not provided in this Agreement may be determined by the Parties
through negotiation.
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Party
A: Foshan S.P.L Special Materials Company
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(Seal)
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November
20, 2008
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Party
B: Xxxxxx Xxxx
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(Signature)
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November
20, 2008
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