Company: OCG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043484
Chunk: 88

Company: Oriental Culture Holding LTD
Filing Date: 2025-05-15
Form: 20-F
Item: Item 6
Chunk 88
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 medical insurance, unemployment insurance
and other statutory benefits and a housing provident fund.

Employment Agreements, Director Agreements
and Indemnification Agreements

We have entered into employment agreements with
each of our executive officers. Under these agreements, each of our executive officers is employed for an initial term of one year and
is renewable upon mutual agreement of the Company and the executive officer.

The executive officers are entitled to a fixed
salary and to participate in our equity incentive plan and other company benefits, each as determined by the board of directors from time
to time.

We may terminate the executive officer’s
employment for cause, at any time, without notice or remuneration, for certain acts, such as conviction or plea of guilty to a felony
or grossly negligent or dishonest acts to our detriment, or material breach of any term of any employment or other services, confidentiality,
intellectual property or non-competition agreements with the Company. In such case, the executive officer will solely be entitled to accrued
and unpaid salary through the effective date of such termination, and his/her right to all other benefits will terminate, except as required
by any applicable law. The executive officer is not entitled to severance payments upon any termination.

The executive officer may voluntarily terminate
his/her employment for any reason and such termination shall take effect 30 days after the receipt by Company of the notice of termination.
Upon the effective date of such termination, the executive officer shall be entitled to (a) accrued and unpaid salary and vacation through
such termination date; and (b) all other compensation and benefits that were vested through such termination date. In the event
the executive officer is terminated without notice, it shall be deemed a termination by the Company for cause.

Each of our executive officers has agreed not
to use for his/her personal purposes nor divulge, furnish, or make accessible to anyone or use in any way (other than in the ordinary
course of the business of the Company) any confidential or secret information or knowledge of the Company, whether developed by him/herself
or by others.

In addition, each executive officer has agreed
to be bound by non-competition restrictions during the term of his or her employment and for six months following the last date of employment.

Each executive officer also has agreed not to
(i) solicit or induce, on his/her own behalf or on behalf of any other person or entity, any employee of the Company or any of its
affiliates to leave the employ of the