SinoCoking Coal and Coke Chemical Industries, Inc. Kuanggong Road and Tiyu Road 10th Floor, Chengshi Xin Yong She, Tiyu Road Xinhua District, Pingdingshan, Henan Province, China February 5, 2010
SinoCoking
Coal and Coke Chemical Industries, Inc.
Kuanggong
Road and Tiyu Road
10th
Floor, Chengshi Xin Yong She, Tiyu Road
Xinhua
District, Pingdingshan, Henan Province, China
February
5, 2010
[_________]
Re: Executive Employment
Agreement – President and Chief Executive Officer
Dear
[________],
SinoCoking
Coal and Coke Chemical Industries, Inc., a Florida corporation (the “Company”),
is pleased to offer you the position of President and Chief Executive Officer
("CEO”), at a yearly salary to be determined by the board payable to you in
monthly installments in accordance with the Company’s standard payroll practices
for salaried employees. This salary will be subject to adjustment pursuant to
the Company’s employee compensation policies in effect from time to
time.
The
Company agrees that you will be entitled to the benefits that the Company
customarily makes available to employees in positions comparable to
yours.
In the
event that you depart from the Company for any reason, you agree to refrain from
using or disclosing the Company’s confidential information in any manner which
might be detrimental to or conflict with the business interests of the Company.
This Agreement does not prevent a former employee from using his or her general
knowledge and experience-no matter when or how gained, in any new field or
position.
In the
event of your departure, you agree that all inventions conceived or developed by
you in which trade secret information of the Company was used, or that relate to
the business of the Company or to the Company's actual or demonstrably
anticipated research and development, or that result from any work performed by
you for the Company will remain the property of the Company. All other
inventions conceived or developed by you during the term of this Agreement will
remain your property.
The
Company agrees that you have the right to terminate your employment by giving
the Company prior notice with or without cause, and the Company reserves for
itself an equal right. We both agree that any dispute arising with respect to
your employment,
the termination of that employment, or a breach of any covenant of good faith
and fair dealing related to your employment, shall be conclusively settled by
final and binding court in Henan Province in the People’s Republic of
China.
-1-
This
letter contains the entire agreement with respect to your employment. The terms
of this offer may only be changed by written agreement, although the Company’s
Board of Directors or appropriate committee thereof, may from time to time, in
its sole discretion, adjust the salaries and benefits paid to you and other
employees. Should you have any questions with regard to any of the items
indicated above, please contact the undersigned. Kindly indicate your consent to
this employment agreement by signing and returning a copy of this letter to the
Company.
Your
starting date for commencement of employment will be the date of closing of the
reverse takeover transaction under the Company’s Share Exchange Agreement dated
July 17, 2009 as amended, unless otherwise mutually agreed in
writing.
[Signature
Page Follows]
-2-
IN
WITNESS WHEREOF, the undersigned have entered into this Executive Employment
Agreement as of the date first written above.
CHIEF EXECUTIVE
OFFICER: [________],
an individual
By: __________________________
[__________]
COMPANY: SinoCoking
Coal and Coke Chemical Industries,
Inc.
By: ________________________________
Name: Jianhua Lv
Title: Chief Executive
Officer
-3-
