Unofficial Translation- Employment Contract Party A: Gulf Resources, Inc Party B: Mr. Jiang Shitong Date: 1 Apr 2008
Exhibit 10.11
-Unofficial
Translation-
Party A:
Gulf Resources,
Inc
Party B:
Xx. Xxxxx
Xxxxxxx
Date:
1 Apr
2008
Comply
with the <Chinese Employment Law>, <Chinese Employment Contract Law>
and related regulation and law, both Party A and Party B agree to sign the
contract and will comply with the all the clauses listed in this
contract.
1. Basic
Information
(1) Party
A: Gulf Resources,
Inc
Legal
Representative: Xxxx
Xxxx
(2) Party
B Xxxxx
Xxxxxxx, Gender: Male
Type of
Identity: Non
Agricultural
ID: 370105196810303395
Start
Working Date in Party A: April 1, 2008
Home
Address: Room 000 Xxxx0/0, Xx 00 Xxxxx Xxxx, Xxxxxxxxx Xxxx, Xxxxxxxx
Xxxxxxxx
2.
Contract Term
(3) The
contract has a fixed term duration.
The
contract start being effective from April 1, 2008 and
will be terminated on the date of 31 Mar
2011.
3. Main
Work and Working Location
(4) Party
B agrees to fill in the position as Independent Director &
Chairman of the Audit Committee as needed by Party A.
(5) The
working location is the Chinese real operation
facility of Gulf Resources.
(6) The
working of Party B should lead Gulf moving to NASDAQ
through following US requirements.
4.
Working hours and Holidays
(7) Party
A will arrange a fixed working schedule of Party B. Party B will not work over 8
hours per day, not over 40 hours a week. If the workload of Party B over the
stated time or have temporary work, Party A should obtain the permit from
related regulator.
(8) The
holidays issued for Party B will follow Chinese Public Holidays
policy.
5.
Compensation
(9) Party
A will pay the annual compensation to Party B in March by cash, the annual
compensation is
$10000.
6. Other
Welfare
(10)
Party A and B will participate in Chinese Society Insurance Program, Party A
will conduct the procedure for Party B and take certain obligation.
(11) If
Party B is sick or Injured during the work, the expenses will following the
related policies by the government.
(12) If
Party B encounters occupational desease or Injured during the work, the expenses
will following the related policies by the government.
7.
Protection of Employment Terms and harm
(15) Due
to the position requirement, Party A prepare the safety conduction and provide
safety goods to Party B complying with government policy and
regulation.
(16) Party
B should comply with Party A’s safety employment policy and prevent illegal
action and accident to reduce occupation risks.
(17)
Party A should enhance occupational desease management and establish related
policies.
8. The
termination of Contract and redeem
(18)
Party A and B terminate or renew the contract should comply with the <Chinese
Employment Contract Law>
(19) When
the contract is terminated, Party A will provide a confirmation letter to Party
B and finish all the related leaving matters within 15 days.
(20)
Party B should pass the working depending the contract requirement, if need to
be redeemed, should be done as working pass.
10. The
conduction of disputant and others
(21) If
there is disputant between two parties, can apply for intermediation to
Intermediation Commission; if can’t be resolved, can apply to arbitrate
commission.
(22) If
there is any conflict to regulation or policies stated by Government and Beijing
local government, can be conducted complying with regulation.
(23)
There are two copies of the contract, each Party hold one copy.
Party
A(Signature) (signed
by Xxxx Xxxx)
Party
B(Signature) (signed
by Xxxxx Xxxxxxx)
Legal
Representative
Date: 31
Mar 2008