|
PERFECTENERGY INTERNATIONAL LIMITED
EMPLOYMENT AGREEMENT
This EMPLOYMENT AGREEMENT (the “Agreement”) is
entered into on January 16, 2009 by and between Perfectenergy
International Limited, a Nevada corporation (the
“Company”) and Wennan Li (“Executive”).
RECITALS
WHEREAS, the Company is a corporation duly organized and existing
under the laws of the State of Nevada;
WHEREAS, the Executive is an individual who has served as the
Company’s Chief Executive Officer under an employment
agreement with the Company’s indirect wholly owned
subsidiary, Perfectenergy (Shanghai) Limited, a company organized
under the laws of the People’s Republic of China
(“Subsidiary”), dated September 1, 2005 (the
“Subsidiary Agreement”);
WHEREAS, the Subsidiary Agreement expired on September 1, 2008;
WHEREAS, the Executive continues to serve as the Company’s
Chief Executive Officer;
WHEREAS, the Company and the Executive desire to memorialize the
terms and conditions of the Executive’s continued services as
the Company’s Chief Executive Officer under a new employment
agreement with the Company.
AGREEMENT
NOW, THEREFORE, in consideration of the mutual promises, covenants,
and conditions contained herein, the parties agree as follows:
1.
Renewal of Terms of
Subsidiary Agreement. The mutual promises, covenants,
and conditions contained in the Subsidiary Agreement (defined above
under “Recitals”) shall continue to be in force under
the term of this Agreement, except as provided herein.
2.
&nb
|
