Employment Agreement between Deli Yangguang Science and Technology Development (Beijing) Co., Ltd. and MU Yang

Summary

Deli Yangguang Science and Technology Development (Beijing) Co., Ltd. and MU Yang have entered into an employment contract effective from March 29, 2011, to March 28, 2016. MU Yang will serve as Chief Financial Officer (CFO) with a three-month probation period. The annual salary is RMB 240,000, paid monthly, with further details provided in attached documents. The agreement outlines the main job responsibilities and compensation terms, and is governed by PRC labor laws.

EX-10.1 2 v217281_ex10-1.htm Unassociated Document

Summary of Employment Contract

According to PRC Labor Law and PRC Labor Contract Law, under mutual negotiation and agreement, the two Parties sign the contract as follows:

(Key Information included in the following translation)

Article I

Party A: Deli Yangguang Science and Technology Development (Beijing) Co., Ltd.

Legal Representative: DU Deli

Registered Address: No.28, Fengtai North Road, Fengtai District, Beijing City

Operation Address: No.28, Fengtai North Road, Fengtai District, Beijing City

Article II

Party B: MU Yang

Gender: Male

ID Number: 110111197601058411

Employment Date: March 29th, 2011

Home Address: Unit 206, Bld.27, Yuzhong Xili, Madian, Xicheng District, BJ

Zip Code: 100029

Article III

1.	The contract comes into effect on date March 29th, 2011 and will expire by March 28th, 2016.

2.	There is a 3-month probation period from March 29th, 2011 to June 28th, 2011.

……

Article VI

The position of Party B is CFO. To the main job responsibility, please refer to the attached Job Responsibility Instruction;

Article XIII

The compensation will be paid by 16th every month.

Article XIV

The annual payment is RMB 240,000. To the compensation detailed information, please refer to the sheet of Compensation Notice;

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