AMENDMENT TO EMPLOYMENT AGREEMENT
Exhibit
10.11
AMENDMENT
TO EMPLOYMENT AGREEMENT
AMENDMENT
dated as of the 26th
day of
September, 2008, by and between Danyang Lihua Electron Co., Ltd. (the “Company”)
and Xxxxxx Xxxx (the “Executive”).
WITNESSETH
:
WHEREAS,
the Company and Executive desire to amend that certain employment agreement
entered into by and between the Company and the Executive on June 24, 2008
(the
“Employment Agreement”) in the manner hereinafter provided;
WHEREAS,
pursuant to Section 7.4 of the Employment Agreement, the Employment Agreement
can be amended by the mutual written agreement of the Board, acting by
resolution, and the Executive;
NOW,
THEREFORE, in consideration of the mutual covenants herein contained, and other
good and valuable consideration, the receipt and sufficiency of which are hereby
conclusively acknowledged, the Company and Executive agree as
follows:
1. All
capitalized terms not otherwise defined in this Agreement shall have the meaning
assigned thereto in the Employment Agreement.
2. All
references to “Xxx Xxxx Xx Hua, “Xxx Xxxx Xx Hua Electron,” “Xxx Xxxx Xx Hua
Copper” and the “Company” refer to Danyang Lihua Electron Co., Ltd. .
3.
The
defined term “Effective Date,” as set forth in Article 1, Section 1.1 of the
Employment Agreement shall be replaced in its entirety as follows:
“Effective
Date” of this Agreement shall mean the date that the transactions contemplated
by that certain Share Exchange Agreement, by and among Lihua International,
Inc.
and the investors listed on Schedule A thereto has been
consummated.”
4. The
defined term “Closing Date”, wherever it appears throughout the Employment
Agreement, is hereby replaced with the term “Effective Date.”
5. Except
as
expressly amended hereby, the terms and conditions of the Employment Agreement
remain in full force and effect.
6. This
Amendment may be executed in one or more counterparts, each of which shall
constitute an original, but all of which, taken together, shall be considered
one and the same agreement.
2
IN
WITNESS WHEREOF, the Company and Executive have duly executed this Agreement
as
of the date first above written.
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By:
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/s/
Xxxxxxx Xxx
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Name:
Xxxxxxx Xxx
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Title:
Chief Executive Officer
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Xxxxxx
Xxxx
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