Amendment to Employment Agreement between New Energy Systems Group and Weihe Yu

Contract Categories: Human Resources › Employment Agreements
Summary

This amendment updates the employment agreement between New Energy Systems Group and Weihe Yu, originally signed on November 1, 2009. Under the amendment, Weihe Yu will continue to serve as Chairman and CEO, and his monthly salary will increase from RMB 15,000 to RMB 120,000. All other benefits and terms of the original agreement remain unchanged.

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EX-10.34 3 ex1034.htm EXHIBIT 10.34 ex1034.htm
Exhibit 10.34
 
 
 
Amendment to Employment Agreement

Reference is made to the Employment Agreement entered into between New Energy Systems Group and Weihe Yu on November 1, 2009 (“Employment Agreement”). Pursuant to negotiation, the parties agree to amend the Employment Agreement as follows:

1.  
Weihe Yu Shall keep serving as the Company’s Chairman of the Board of Directors and CEO;
2.  
Weihe Yu’s salary shall be changed from RMB15,000 per month to RMB120,000 per month;
3.  
The rest of the benefits shall remain the same.
 
 
  New Energy System Group  
       
 
By:
/s/ Weihe Yu  
    September 1, 2011