Perfectenergy International Limited Salary Adjustment Letter to Edward Zhuang

Contract Categories: Human Resources › Salary Continuation Agreements
Summary

Perfectenergy International Limited has extended Edward Zhuang's employment until January 31, 2014, maintaining the same terms and conditions. Effective November 1, 2010, his base salary is set at RMB 55,000 per month. For the 2011 fiscal year, he is eligible for a discretionary, performance-based bonus tied to the company's net profits, with a guaranteed minimum of $75,000 and a maximum of $250,000.

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EX-10.2 3 v216708_ex10-2.htm Unassociated Document
 
 
PERFECTENERGY INTERNATIONAL LIMITED
Address:       479 YouDong Road, Xinzhuang Town
                       Minhang District, Shanghai 201100
Tel:                 +86 21 5488 0958
Fax:                 +86 21 5488 8364
Web:               www.perfectenergy.com.cn
 
 



PERFECTENERGY INTERNATIONAL LIMITED
SALARY ADJUSTMENT LETTER

              25 March, 2011

Dear Mr. Edward Zhuang,

We’re pleased to inform you that your employment with the Company will be further extended to January 31, 2014 under the same terms and conditions; meanwhile with effective from November 1, 2010, your base salary has been adjusted to RMB55,000 per month.

In addition to that, you’ll received a discretional bonus compensation arrangement for the current fiscal year of 2011, which will be a portion of performance-based bonus on the net profits realized by the Company during its current fiscal year, with a minimum guaranteed aggregate bonus payment of US$75,000 and maximum of US$250,000.

Thanks for your contribution to the Company.





/s/ Jack Wennan Li                                              
Jack Wennan Li, Chief Executive Officer