Replies to post #2942 on BURP'S PLACE!

[chrich12]

You referring to this ...

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

On August 26, 2010, China Electric Motor, Inc. (the “Company”) entered into amendments to the employment agreements of Shengping Wang, its Chief Technology Officer, and Xinming Xiao, its Chief Operating Officer (the “Amendments”). Pursuant to the Amendments, the Company agreed to grant 25,000 shares of its Common Stock to each of Shengping Wang and Xinming Xiao pursuant to the Company’s 2010 Omnibus Incentive Plan (the “Plan”) on January 29, 2012, which will vest immediately, and an additional 25,000 shares of Common Stock pursuant to the Plan on June 1, 2013. Pursuant to the original employment agreements, the Company had originally agreed to grant 50,000 to each of Shengping Wang and Xinming Xiao within five days of the approval of the Plan by the Company’s stockholders. All other provisions of the original employment agreements remain unchanged."