Attached files
| file | filename |
|---|---|
| EX-10.2 - QKL Stores Inc. | v189649_ex10-2.htm |
| EX-10.1 - QKL Stores Inc. | v189649_ex10-1.htm |
| 8-K - QKL Stores Inc. | v189649_8k.htm |
Alan
Stewart
10621
Cerotto Lane
Las
Vegas
Nevada
89135
Dear
Alan,
EMPLOYMENT
CONTRACT
Further
to recent discussion, Daqing Qingkelong Commerce & Trade Co. (the”
Corporation” ), at 44 Jingqi Street, Dongfeng Xincun, Sartu District, Daqing
City, PRC, 163311, a corporation organized under the laws of PRC, is
pleased to offer you a 3-year contract of employment, subject to the
following:-
|
|
i)
|
A
satisfactory medical report after being examined by a medical
practitioner
|
|
|
ii)
|
You
are not, at the time of taking up employment, in breach of any contract of
employment with any third party or
parties;
|
The
following terms and conditions shall apply:-
1.
APPOINTMENT
|
1.1
|
You
shall be appointed to the post of Chief Operating Officer in the
Corporation, and QKL Stores, Inc., a Delaware company that controls the
Corporation through a series of contractual relationships, being
responsible for its bottom line. Other responsibilities will be
spelt out in a Supplementary
letter.
|
|
|
1.2
|
You
will report to Mr. John Wang
|
|
|
1.3
|
You
will be reimbursed for your air fare passage to Daqing to take up your
employment as well as your return journey upon
completion.
|
|
|
1.4
|
Your
Reporting Officer shall explain your duties and requirements of work, but
this will not preclude the Company from assigning or allotting any other
duties or work to you from time to
time.
|
|
|
2.
|
SALARY
|
Your
shall be paid a fixed annual salary of USD191,352 / monthly USD15,946 less
income taxes of 20.00% will be deducted and letter from company will testify of
taxes being paid.
|
|
3.
|
ALLOWANCES
|
Housing
and transportation will be furnished.
|
|
4.
|
BONUS
|
You may
receive variable bonuses subject to outstanding performance at the discretion of
Management.
|
|
5.
|
CONTRACT
|
Subject
to clause 5 of this contract, your service with the Company shall commence 1
July 2010 and its duration shall be a thirty-six (36) month’s term. Your
contract will expire on 30 June 2013. Extension and renewal of this contract is
subject to mutual agreement by both parties.
|
|
6.
|
NOTICE
OF TERMINATION
|
Either
party may, without giving any reason, terminate this contract at any time during
its currency thereof by giving three months’ notice in writing or by paying the
relevant in lieu of notice.
|
|
7.
|
ANNUAL
LEAVE
|
You shall be entitled to 21 days of
paid annual leave each financial year.
The
annual leave shall be taken in pursuit of your personal interest or
activity.
|
|
If
you have not completed twelve months’ of continuous service in any year,
you shall be entitled to annual leave in proportion to the number of
completed months of service in that
year.
|
Annual leave shall normally be taken
when earned, and in the year in which it falls due. Unused annual leave shall
not be carried forward to the following term (that is, should the contract be
extended / renewed or scheme of service be converted), and shall be
forfeited
On the
termination of service, you shall be paid only the earned annual leave not
taken.
|
|
8.
|
CONFIDENTIALITY
|
You must
not, either during the continuance of service hereunder and thereafter, except
in the proper course of duty and required to do so, divulge any confidential
information or any correspondence, accounts, information, connections, or
dealings whatsoever to any third party or parties.
|
|
9.
|
LIMITATIONS
|
You must
devote the whole of your time, attention and ability in discharging your duties
and shall use your best endeavor to promote the interest of the Company. You
shall also, not without the written consent, be concerned or interested directly
or indirectly in any way in any business other than what of company or accept
remuneration of any other employment or service whatsoever.
10.
COMMUNICATION WITH EXTERNAL PARTY
You shall
not engage in any communication, relating to the terms and condition for
service, the company’s business and related matters, with media or external
party or parties without prior approval or authorization.
11.
GENERAL
This
contract is subject to the relevant laws of China, and any other rules and
regulations made thereunder, and to any other relevant terms and conditions of
service, made or revised from time to time by the Company.
Yours
sincerely
I accept
the offer stated in the employment contract.
| Employee: | Employer: | |||
| Alan Stewart | QKL Stores Inc. | |||
|
Signature:
/s/ Alan
Stewart
|
By:
/s/ Zhuangyi
Wang
|
|||
|
|
Name:
Zhuangyi Wang
|
|||
|
|
Title:
Chief Executive Officer
|
|||
| Date: June 10, 2010 | Date: June 10, 2010 |