0001213900-11-002364.txt : 20110506 0001213900-11-002364.hdr.sgml : 20110506 20110506170134 ACCESSION NUMBER: 0001213900-11-002364 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20110415 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110506 DATE AS OF CHANGE: 20110506 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIVTECH INTERNATIONAL GROUP CO. CENTRAL INDEX KEY: 0001471302 STANDARD INDUSTRIAL CLASSIFICATION: HOUSEHOLD AUDIO & VIDEO EQUIPMENT [3651] IRS NUMBER: 000000000 STATE OF INCORPORATION: NV FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-161941 FILM NUMBER: 11820468 BUSINESS ADDRESS: STREET 1: 1305, EAST, HIGHTECH PLAZA, PHASE 2, STREET 2: TIAN'AN CYBER PARK, FUTIAN DISTRICT, CITY: SHENZHEN CITY, GUANGDONG PROV. STATE: F4 ZIP: 0 BUSINESS PHONE: 86-135 105 205 64 MAIL ADDRESS: STREET 1: 1305, EAST, HIGHTECH PLAZA, PHASE 2, STREET 2: TIAN'AN CYBER PARK, FUTIAN DISTRICT, CITY: SHENZHEN CITY, GUANGDONG PROV. STATE: F4 ZIP: 0 FORMER COMPANY: FORMER CONFORMED NAME: Ecochild Inc. DATE OF NAME CHANGE: 20090831 8-K 1 f8k041511_aivtech.htm CURRENT REPORT f8k041511_aivtech.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): April 15, 2011

AIVTECH INTERNATIONAL GROUP CO.
(Exact name of registrant as specified in charter)

Nevada
 
333-161941
 
N/A
(State or other jurisdiction of incorporation)
 
(Commission File Number)
 
(I.R.S. Employer Identification No.)
 
1305 East, Hightech Plaza, Phase 2, Tian'an Cyber Park
Futian District, Shenzhen City, Guangdong Province, China
(Address of principal executive offices and zip code)
 
+86 (139) 2349-3889
(Registrant’s telephone number including area code)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of registrant under any of the following provisions:
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
o
Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))
   
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) 
   
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 

 
 
Item 5.02 Departure of Directors or Principal Officers; Election of Directors, Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Departure of Officers

On April 15, 2011, Mr. Teli Liao resigned as the Secretary of AIVtech International Group Co. (“we” or the “Company”). There was no disagreement between Mr. Liao and the Company on any matter relating to the Company’s operations, policies or practices that resulted in his resignation as the Secretary of the Company.

On April 26, 2011, Mr. Wenfeng He resigned as the Chief Operating Officer of the Company.  There was no disagreement between Mr. He and the Company on any matter relating to the Company’s operations, policies or practices that resulted in his resignation as the Chief Operating Officer.

Appointment of Officers

On April 26, 2011, the Board of Directors of appointed Mr. Hu Fan as the Secretary of the Company and Mr. Huanchao Zhu as the Chief Operating Officer of the Company with immediate effective.

The biographical information regarding the new officers is listed below:

Mr. Hu Fan, Age 25, Secretary

Mr. Fan joined the Company in March 2011. Before that, he was working in Ikon Group as an investment banking manager from August 2010 to March 2011. He has been working in promoting the financial products and services to the Chinese institutional and individual customers and he was in charge of the developing businesses with new clients. Upon joining the Company as the Secretary, Mr. Fan works on expanding the financial market opportunity for the Company for financing related projects and other administrative matters of the Company’s daily operations.  Mr. Fan is familiar with the western accounting and financial knowledge, including accounting and financial concepts, corporate accounting, financial accounting and auditing. He also possesses knowledge in the laws in connection with corporate and taxations.

Mr. Fan received his Master in Commerce degree from University of Ballarat in Australia.

Mr. Huanchao Zhu, Age 37, Chief Operating Officer

Mr. Zhu joined the Company in February 2011.  Mr. Zhu has extensive experience in the business operation management industry.  He was working in Shenzhen Guoxian Technology Co., Ltd. from April 2010 to February 2011 as the deputy general manager.  During his work there, he was responsible in managing and organizing the general business operation of the company, improving the sales performance, conducting the marketing promotion and adopting the internal information management system.  From April 2007 to December 2009, Mr. Zhu was the president of Shenzhen Riyang Technology Co., Ltd.  Under his assistance, the company has substantially improved the competition capacity by developing products under its own brands and had the internal control and management system set up. From April 1999 to November 2006, Mr. Zhu was working at Shenzhen Mingcheng Medical Health Care Products Co., Ltd. as a PMC manager, vice president and the head of integrative department.  During the work, he was awarded with honors for his outstanding work performance. In 2002, Mr. Zhu was sent to Japan by the company for business visiting.  From October 1997 to March 1999, Mr. Zhu was the PMC manager of Shenzhen Pinhu Guantong Electronic Company and from April 1995 to October 1997, he was the assistant to the general manager at Dongwan City Baolian Electronic Company.

Mr. Zhu graduated with the associate degree in English in 1994 from Henan University and his second foreign language is Japanese.  He possesses the internal reviewer certificates issued under the ISO International Quality Management System ISO9001:2000 and ISO9002:1994.

Family Relationships

Mr. Hu Fan and Mr. Huanchao Zhu do not have a family relationship with any of the officers or directors of the Company.

Related Party Transactions

There are no related party transactions reportable under Item 5.02 of Form 8-K and Item 404(a) of Regulation S-K.
 
 
 

 

Employment Agreement
 
On April 26, 2011, Shenzhen AIV Electronics Company Limited, our PRC subsidiary,  entered into employment agreements with Hu Fan, as our secretary, and Huanchao Zhu, as our chief operating officer, for a period of one year until April 25, 2012. Pursuant to the employment agreement with Mr. Fan, we agreed to pay to Mr. Fan a monthly salary of 5,000 RMB, or approximately $770, during the probation period which is one month from April 26, 2011 to May 25, 2011, and 6,000 RMB, or approximately $930, after the probationary period, payable monthly. Pursuant to the employment agreement with Mr. Zhu, we agreed to pay to Mr. Zhu a monthly salary of 18,000 RMB, or approximately $2,770, during the probation period which is one month from April 26, 2011 to May 25, 2011, and 20,000 RMB, or approximately $3,080, after the probation period, payable monthly.
  
Item 9.01 Financial Statements and Exhibits.

Exhibit No.
 Description
10.1
Employment Agreement between Shenzhen AIV Electronics Company Limited and Hu Fan, dated April 26, 2011.
10.2
Employment Agreement Shenzhen AIV Electronics Company Limited and Huanchao Zhu, dated April 26, 2011.

 
 

 
 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
AIVTECH INTERNATIONAL GROUP CO.
   
 Dated: May 6, 2011
By:
/s/ Jinlin Guo
 
   
Name: Jinlin Guo
 
   
Title:   President, Chief Executive Officer and
            Chairman of the Board of Directors
 
       
 
EX-10.1 2 f8k041511ex10i_aivtech.htm EMPLOYMENT AGREEMENT WITH HU FAN, DATED APRIL 26, 2011. f8k041511ex10i_aivtech.htm
Exhibit 10.1


 
Shenzhen City



Employment Contract




(Applicable for full-time employee)



Drafted by Shenzhen Human Resource and Social Security Bureau

 
1

 
 
Part A (Employer)  Part B (Employee)
   
 Name: Shenzhen AIV Electronics Name: Hu Fan
Company Limited  
   
Corporate Authorized Representative: Gender: Male
JinLin Guo ID Number: 420704198608051630
Contact: Household Registration:
Yan Peng Ezhou Hu Bei Province
  Home Address
  Shongpingshang Garden,
  Nanshan District, Shenzhen City
Phone Number  Phone Number
0755-88353133-813 18676762045
Collectively, the parties.  

Whereas, according to the Labor Law of the People’s Republic of China (the Labor Law), the Labor Contract Law of the People’s Republic of China (the Labor Contract Law) and the Shenzhen Employee Wage Payment Regulation, and related laws and regulations, the parties entered this Employment Contract (the Contract) based on the equal, fair and voluntary negotiations as follows:

1.  
Terms
1.1  
Employment Term: started from April 26, 2011      to April 25, 2012     .

1.2  
Probation Period:       one month                  from April 26, 2011         to May 25, 2011         .

2.  
Employment Information
2.1  
Title: Secretary of the Board

2.2  
Location: Room 1305,13F East High-Tech Plaza Phase 2,Tian’An Cyber Park Futian District, Shenzhen City, Guangdong,

3.  
Employment Schedule
3.1  
Eight (8) hours per day and forty (40) hours per week.  At least one (1) day off per week.

3.2  
Any overtime working hours shall follow the Article 41 of the Labor Law.

3.3  
Employee shall have the right to the legal holidays, annual vacation and the vacations for marriage, maturity and funeral, etc.

4.  
Compensation
4.1  
The compensation to the employee shall no less than the legal minimum wage decided by the local municipal government.
 
 
2

 
 
4.2  
Employee shall receive a monthly salary of RMB 6,000 (RMB 5,000 within the probation period).

4.3  
Employer shall pay the employee on every 15th day of each month and not less than one (1) payment in currency every month.

4.4  
Any compensation for overtime, vacation and other special situation shall be made according to laws and regulations.

5.  
Social Security and Welfare
5.1  
The parties agree to enroll the required social security program and housing fund social insurance under the requirement of laws and regulations.

5.2  
The employee shall have the right to salary payment required under the national and local laws and regulations in the event of receiving medical treatment.


5.3  
In the event the employee has encountered the work injuries, the employer shall follow the related laws and regulations, including but not limited to the Professional Disease Protection Act, the Work Injury Rules, etc.

6.  
Employment Safety and Protection from Professional Disease
6.1  
The employer shall provide necessary required employment protections to the employee under the laws.

6.2  
The employer shall strictly follow the special requirements for female employees and other employees.

6.3  
[Not applicable]

6.4  
The employee shall have the right to refuse to work under the extreme hazards forcibly commended by the employer and the employee shall have the right to report any violations that the employer committed to endanger the employee’s life and health.

7.  
Internal Controls
7.1  
The employer shall follow the related labor laws and regulations.

7.2  
The employee shall follow the related labor laws and regulations to duly perform the job duty, improve the work skill and follow the internal rules of the employer.

7.3  
The employee shall the related birth controlling policies under the national and local laws.
 
 
3

 
 
8.  
Amendment of Contract
8.1  
Upon the parties’ agreement this Contract can be amended in writing and the parties shall have one copy each of the amended Contract.

9.  
Termination
9.1  
The parties can terminate this Contract upon agreement.

9.2  
The employee shall inform the employer in writing at least 30 days prior to the termination date of the Contract and 3 days prior in the probation period.

9.3  
The employee can terminate this Contract for one of the following reasons:
9.3.1  
The employer fails to provide required employment protections or provide necessary work conditions;
9.3.2  
The employer fails to pay the compensation at a timely basis;
9.3.3  
The employer fails to pay for the required social insurance for the employee and fails to pay the same within one (1) month after the employee requested the employer to pay;
9.3.4  
The employer commits violations against the laws and regulations;
9.3.5  
The employer induced or force the employee to enter or amend this Contract, or make the employee to enter or amend this Contract by frauds, and such entrance or amendment will render this Contract invalid;
9.3.6  
The employer fails to perform the legal required obligations towards the employee and cause the failure for the employee to exercise the legal rights under the employment, and such failure will render this Contract invalid;
9.3.7  
The employer commits other violations of laws and such violations will render this Contract invalid;
9.3.8  
Other situations described under the laws and regulations that the employee can terminate this Contract.

9.4  
The employee violates the laws and forced the employee to work by violence, threats or other illegal restrictions on the employees’ freedom, or the employer forced the employee to work under the conditions that will endanger the employee’s life and health, the employee has the right to immediately terminate this Contract without prior notice to the employer.

9.5  
The employer shall have the right to terminate this Contract if the employee has one of the followings:
9.5.1  
The employee fails to perform the required job duties during the probation period;
9.5.2  
The employee fails to follow the employer’s internal rules and regulations;
9.5.3  
The employee causes substantial damages to the employer due to the his/her failure to perform the job duties;
9.5.4  
The employee has more than one employer at the same time period and causes substantial negative effects to the employer, or despite the employer’s request, the employee continue the above situation;
 
 
4

 
 
9.5.5  
The employee induced or force the employer to enter or amend this Contract, or make the employee to enter or amend this Contract by frauds, and such entrance or amendment will render this Contract invalid;
9.5.6  
The employee commits criminal crimes.

9.6  
The employer can terminate this Contract upon 30 days prior written notice to the employee or upon paying the employee one (1) more month salary, except described in the Article 42 of the Labor Law:
9.6.1  
The employee cannot continue to perform any original or newly assigned job duties upon the release from the medical treatment ;
9.6.2  
The employee cannot perform the required job duties despite the receipt of training programs or changes on the job positions;
9.6.3  
The situations have substantially changed from the date that this Contract is signed and this Contract cannot be executed according to the current situation, and the parties fail to agree on an amendment of this Contract.

9.7  
Due to one of the following reasons and the employer needs to lay off more than 20 employees or lay off less than 20 employee but the total number subject to being laid off will constitute more than 10% of the total employees, the employer shall inform this information to all employee or the union at least 30 days in advance and report the lay-off proposal to the local human resource and social security department.  Under this situation, the employer can terminate this Contract except described in the Article 42 of the Labor Law:
9.7.1  
The employer needs to restructure the corporate;
9.7.2  
There is substantial difficulties in production;
9.7.3  
There is material renovations on the technology and material changes in business and upon the change of employment contracts there is a need for the employer to lay off employees;
9.7.4  
Other material changes that will render this Contract impracticable.
 
9.8  
This Contract shall expire on one of the following situations:
9.8.1  
The employment term expires;
9.8.2  
The employee retires;
9.8.3  
There is an announcement of death or disappear of the employee from related authorities;
9.8.4  
The employer files for bankruptcy;
9.8.5  
The employer’s business license is revoked or canceled or the employer is liquidated;
9.8.6  
Other situations described in the laws.

10.  
Indemnification
10.1  
The employer shall indemnify the employee under one of the following situations:
 
 
5

 
 
10.1.1  
The employer terminates this Contract under the above 9.1;
10.1.2  
The employer terminates this Contract under the above 9.3 and 9.4;
10.1.3  
The employer terminates this Contract under the above 9.6 and 9.7;
10.1.4  
The employer terminates this Contract under the above 9.8.1 except the employer maintain or increase the compensation and other employment conditions for the purpose to renew this Contract and the employee refuses to renew this Contract;
10.1.5  
The employer terminates this Contract under the above 9.8.4 and 9.8.5;
10.1.6  
Other situations described in the laws.

10.2  
The indemnification to the employee shall be made under the Labor Law and other related laws and regulations and shall be payable at the time the employee stops working at the employer.
 
 
11.  
Procedures for Terminations and Expiration of the Contract
Upon the termination and expiration of this Contract, the employee shall transfer all job duties and work products to the employer and the employer shall assist the employee to transfer the employment files and related social insurance within 15days. The employer shall also issue the certificates of termination or expiration of the employment contract with the explicit contract period, termination/expiration date, job position and working period.
 
12.  
Disputes
Any disputes between the parties under this Contract shall be resolved by friendly negotiations between the parties. Any disputes cannot be resolved shall be submitted to the Union or the local labor disputes arbitration committees for arbitration.

13.  
Miscellaneous [not applicable]

14.  
Others

14.1  
Any conflicts between this Contract and the laws shall follow the laws and regulations.

14.2  
This Contract shall be effective upon the parties’ following original signatures and seals by the authorized representatives.

14.3  
This Contract shall be executed in two (2) copies with one (1) copy to each party.

 
 
Part A: ShenZhen AIV Electronics Company Limited  Part B: Hu Fan
Corporate Authorized Representative:  
   
By: /s/ Jinlin Guo  By: /s/ Hu Fan
(seal)  
   
Date: April 26, 2011 Date: April 26, 2011
   
 
 
 
 
6

EX-10.2 3 f8k041511ex10ii_aivtech.htm EMPLOYMENT AGREEMENT WITH HUANCHAO ZHU, DATED APRIL 26, 2011. f8k041511ex10ii_aivtech.htm
Exhibit 10.2




Shenzhen City



Employment Contract




(Applicable for full-time employee)



Drafted by Shenzhen Human Resource and Social Security Bureau

 
1

 
 
Part A (Employer)  Part B (Employee)
   
 Name: ShenZhen AIV Electronics   Name: Huanchao Zhu
Company Limited  
Address: 1305 East, Hightech Plaza, Phase 2,  
Tian'an Cyber Park, Futian District,  
Shenzhen City, Guangdong Province, China  
Corporate Authorized Representative:  Gender: Male
JinLin Guo ID Number: 413022197312124635
Contact: Household Registration:
Yan Peng Huaibin County, Henan Province
  Home Address
  Shongpingshang Garden,
  Nanshan District, Shenzhen City
Phone Number  Phone Number
0755-88353133-813 13620913001
Collectively, the parties.  
 
Whereas, according to the Labor Law of the People’s Republic of China (the Labor Law), the Labor Contract Law of the People’s Republic of China (the Labor Contract Law) and the Shenzhen Employee Wage Payment Regulation, and related laws and regulations, the parties entered this Employment Contract (the Contract) based on the equal, fair and voluntary negotiations as follows:

1.  
Terms
1.1  
Employment Term: started from April 26, 2011      to April 25, 2012     .

1.2  
Probation Period:       one month                  from April 26, 2011         to May 25, 2011         .

2.  
Employment Information
2.1  
Title: Chief Operating Officer

2.2  
Location: Shenzhen City, Guangdong,

3.  
Employment Schedule
3.1  
Eight (8) hours per day and forty (40) hours per week.  At least one (1) day off per week.

3.2  
Any overtime working hours shall follow the Article 41 of the Labor Law.

3.3  
Employee shall have the right to the legal holidays, annual vacation and the vacations for marriage, maturity and funeral, etc.
 
 
2

 
 
4.  
Compensation
4.1  
The compensation to the employee shall no less than the legal minimum wage decided by the local municipal government.

4.2  
Employee shall receive a monthly salary of RMB 20,000 (RMB 18,000 within the probation period).

4.3  
Employer shall pay the employee on every 15th day of each month and not less than one (1) payment in currency every month.

4.4  
Any compensation for overtime, vacation and other special situation shall be made according to laws and regulations.

5.  
Social Security and Welfare
5.1  
The parties agree to enroll the required social security program and housing fund social insurance under the requirement of laws and regulations.

5.2  
The employee shall have the right to salary payment required under the national and local laws and regulations in the event of receiving medical treatment.
 
5.3  
In the event the employee has encountered the work injuries, the employer shall follow the related laws and regulations, including but not limited to the Professional Disease Protection Act, the Work Injury Rules, etc.

6.  
Employment Safety and Protection from Professional Disease
6.1  
The employer shall provide necessary required employment protections to the employee under the laws.

6.2  
The employer shall strictly follow the special requirements for female employees and other employees.

6.3  
[Not applicable]

6.4  
The employee shall have the right to refuse to work under the extreme hazards forcibly commended by the employer and the employee shall have the right to report any violations that the employer committed to endanger the employee’s life and health.

7.  
Internal Controls
7.1  
The employer shall follow the related labor laws and regulations.

7.2  
The employee shall follow the related labor laws and regulations to duly perform the job duty, improve the work skill and follow the internal rules of the employer.
 
 
3

 
 
7.3  
The employee shall the related birth controlling policies under the national and local laws.

8.  
Amendment of Contract
8.1  
Upon the parties’ agreement this Contract can be amended in writing and the parties shall have one copy each of the amended Contract.

9.  
Termination
9.1  
The parties can terminate this Contract upon agreement.

9.2  
The employee shall inform the employer in writing at least 30 days prior to the termination date of the Contract and 3 days prior in the probation period.

9.3  
The employee can terminate this Contract for one of the following reasons:
9.3.1  
The employer fails to provide required employment protections or provide necessary work conditions;
9.3.2  
The employer fails to pay the compensation at a timely basis;
9.3.3  
The employer fails to pay for the required social insurance for the employee and fails to pay the same within one (1) month after the employee requested the employer to pay;
9.3.4  
The employer commits violations against the laws and regulations;
9.3.5  
The employer induced or force the employee to enter or amend this Contract, or make the employee to enter or amend this Contract by frauds, and such entrance or amendment will render this Contract invalid;
9.3.6  
The employer fails to perform the legal required obligations towards the employee and cause the failure for the employee to exercise the legal rights under the employment, and such failure will render this Contract invalid;
9.3.7  
The employer commits other violations of laws and such violations will render this Contract invalid;
9.3.8  
Other situations described under the laws and regulations that the employee can terminate this Contract.

9.4  
The employee violates the laws and forced the employee to work by violence, threats or other illegal restrictions on the employees’ freedom, or the employer forced the employee to work under the conditions that will endanger the employee’s life and health, the employee has the right to immediately terminate this Contract without prior notice to the employer.

9.5  
The employer shall have the right to terminate this Contract if the employee has one of the followings:
9.5.1  
The employee fails to perform the required job duties during the probation period;
9.5.2  
The employee fails to follow the employer’s internal rules and regulations;
9.5.3  
The employee causes substantial damages to the employer due to the his/her failure to perform the job duties;
 
 
4

 
 
9.5.4  
The employee has more than one employer at the same time period and causes substantial negative effects to the employer, or despite the employer’s request, the employee continue the above situation;
9.5.5  
The employee induced or force the employer to enter or amend this Contract, or make the employee to enter or amend this Contract by frauds, and such entrance or amendment will render this Contract invalid;
9.5.6  
The employee commits criminal crimes.

9.6  
The employer can terminate this Contract upon 30 days prior written notice to the employee or upon paying the employee one (1) more month salary, except described in the Article 42 of the Labor Law:
9.6.1  
The employee cannot continue to perform any original or newly assigned job duties upon the release from the medical treatment ;
9.6.2  
The employee cannot perform the required job duties despite the receipt of training programs or changes on the job positions;
9.6.3  
The situations have substantially changed from the date that this Contract is signed and this Contract cannot be executed according to the current situation, and the parties fail to agree on an amendment of this Contract.

9.7  
Due to one of the following reasons and the employer needs to lay off more than 20 employees or lay off less than 20 employee but the total number subject to being laid off will constitute more than 10% of the total employees, the employer shall inform this information to all employee or the union at least 30 days in advance and report the lay-off proposal to the local human resource and social security department.  Under this situation, the employer can terminate this Contract except described in the Article 42 of the Labor Law:
9.7.1  
The employer needs to restructure the corporate;
9.7.2  
There is substantial difficulties in production;
9.7.3  
There is material renovations on the technology and material changes in business and upon the change of employment contracts there is a need for the employer to lay off employees;
9.7.4  
Other material changes that will render this Contract impracticable.
 
9.8  
This Contract shall expire on one of the following situations:
9.8.1  
The employment term expires;
9.8.2  
The employee retires;
9.8.3  
There is an announcement of death or disappear of the employee from related authorities;
9.8.4  
The employer files for bankruptcy;
9.8.5  
The employer’s business license is revoked or canceled or the employer is liquidated;
9.8.6  
Other situations described in the laws.

 
5

 
 
10.  
Indemnification
10.1  
The employer shall indemnify the employee under one of the following situations:
10.1.1  
The employer terminates this Contract under the above 9.1;
10.1.2  
The employer terminates this Contract under the above 9.3 and 9.4;
10.1.3  
The employer terminates this Contract under the above 9.6 and 9.7;
10.1.4  
The employer terminates this Contract under the above 9.8.1 except the employer maintain or increase the compensation and other employment conditions for the purpose to renew this Contract and the employee refuses to renew this Contract;
10.1.5  
The employer terminates this Contract under the above 9.8.4 and 9.8.5;
10.1.6  
Other situations described in the laws.

10.2  
The indemnification to the employee shall be made under the Labor Law and other related laws and regulations and shall be payable at the time the employee stops working at the employer.
 
11.  
Procedures for Terminations and Expiration of the Contract
Upon the termination and expiration of this Contract, the employee shall transfer all job duties and work products to the employer and the employer shall assist the employee to transfer the employment files and related social insurance within 15days. The employer shall also issue the certificates of termination or expiration of the employment contract with the explicit contract period, termination/expiration date, job position and working period.
 
12.  
Disputes
Any disputes between the parties under this Contract shall be resolved by friendly negotiations between the parties. Any disputes cannot be resolved shall be submitted to the Union or the local labor disputes arbitration committees for arbitration.

13.  
Miscellaneous [not applicable]

14.  
Others

14.1  
Any conflicts between this Contract and the laws shall follow the laws and regulations.

14.2  
This Contract shall be effective upon the parties’ following original signatures and seals by the authorized representatives.

14.3  
This Contract shall be executed in two (2) copies with one (1) copy to each party.
 
 
 
Part A: ShenZhen AIV Electronics Company Limited  Part B: Huanchao Zhu
Corporate Authorized Representative:  
   
By: /s/ Jinlin Guo  By: /s/ Huanchao Zhu
(seal)  
   
Date: April 26, 2011 Date: April 26, 2011
   
 
 
 
6