Employment Contract
Exhibit
10.8
[Cautionary
Note: This Agreement has been translated into English from the original Chinese
language version.]
Employment
Contract
Pursuant
to the Labor Law of the People’s Republic of China and other applicable laws and
regulations and upon consultation on the basis of equality and free will, China
Marketing Media Holdings, Inc. (hereinafter “Party
A”)
and Xx. Xxxxxx Xx (hereinafter “Party B”) hereby enter into this contract
providing for Party A’s employment of Party B as the Chief Financing Officer.
I.
Term of Employment
The
period of service starts from the 15th
of
December 2006 to the 28th
of
February 2007. This
agreement can be renewed by both parties upon its expiration.
II.
Working hours
The
working hours of Party B for Party A shall be at least eight hours each day,
forty hours
each week.
III.
Duties
|
1.
|
Party
B shall perform his duties diligently and competently pursuant to
the
requirements for the position.
|
|
2.
|
Party
A shall provide Party B with necessary working conditions according
to
applicable laws and regulations.
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IV.
Salary
|
1.
|
Party
B’s monthly salary will be RMB 10,000 yuan (pretax income).
|
|
2.
|
The
pay day of the monthly salary will be the eighth day of each month.
|
|
3.
|
Party
B shall get the bonus in accordance with Party A’s premium system.
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V.
Confidentiality and Non-Competition
|
1.
|
Party
B shall safeguard any intellectual property rights, business secrets,
know-how of Party A.
|
|
2.
|
Upon
the termination of the employment agreement, Party B shall return,
but not
limited to, manuals, memorandums, client directories, formulas, financial
statements, and other materials that Party A has propriety rights
to Party
A.
|
|
3.
|
Party
B shall not engage in any business or activity that is competitive
with
the business of Party A within one year after the termination of
this
contract.
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VI.
Amendment and Cancellation of the Contract
|
1.
|
The
contract can be revised based on mutual written consent of both parties.
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2.
|
Party
B agreed to reimburse Party A for the entire amount of training expenses
if the agreement is cancelled by Party B or cancelled by Party A
for Party
B’s breach of the agreement prior to seven hundred thirty (730) day
anniversary with Party A.
|
|
3.
|
Either
of the both parties shall make an announcement to the other party
with a
written notice 7 days before it raises the cancellation of the
contract.
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VIII.
Miscellaneous
|
1.
|
This
agreement takes effect on the date signed by both parties and will
automatically expire when the contract
ends.
|
|
2.
|
If
any of the provisions of this contract conflicts with any other provisions
of any other contracts, the provision shall supersede.
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|
3.
|
This
contract has two counterparts, one for Party A, one for Party B.
This
contract shall become effective upon execution by both
parties. Both
counterparts shall have equal legal effect.
|
IN
WITNESS WHEREOF, the Parties have executed this Employment
Contract.
Party
A: China Marketing Media Holdings, Inc.
(Corporate
Seal)
Authorized
representative:
/s/
Xxx Xx
Date:
December 15, 2006
Party
B: Yifang Fu
/s/
Yifang Fu
Date:
December 15, 2006
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