Exhibit
10.18


 


WETOUCH
TECHNOLOGY INC.


 


DIRECTOR
SERVICE AGREEMENT


 


This
Director Service Agreement (the “Agreement”) is made and entered into as of ___________________, 2021, by and between
Wetouch Technology Inc., a Nevada corporation (the “Company”), and _____________________, an individual (the “Director”).


 


I. SERVICES


 


A. Service
on the Board of Directors. The Director has been appointed as an Independent Director of the Company’s Board of Directors (the
“Board”), with his or her service to commence on ____________________, 2021 (the “Effective Date”),
and to continue until the earlier of the date on which Director ceases to be a member of the Board for any reason or the date of termination
of this Agreement in accordance with this Section V(B) hereof (such earlier date being the “Expiration Date”). The
Board shall consist of the Director and such other members as nominated and elected pursuant to the then current Amended and Restated
Articles of Incorporation of the Company (the “Articles”).


 


B. Director
Services. Director’s services to the Company hereunder shall include service as a member of the Board to direct the business
of the Company in accordance with applicable law and the then current Articles. Director shall devote such time and attention to the
business and affairs of the Company as is necessary to perform his duties as a Director in a faithful and competent manner. Director
shall comply with all laws, rules, and regulations applicable to the Company and its business. Director shall further comply with all
policies and codes of conduct which the Company shall reasonably determine are necessary for the proper functioning of its business (collectively,
the “Director Services”).


 


II. COMPENSATION


 


A. Expense
Reimbursement. The Company shall reimburse Director for all reasonable travel and other out-of-pocket expenses incurred in connection
with the Director Services rendered by Director.


 


B. Cash
Fees to Director. Upon an Uplist Offering (as defined herein), the Company agrees to pay Director a fee of $___________ per year
for each year of service as a Director (paid quarterly). In the event Director ceases to be a member of the Board on a day other than
the last day of a financial quarter, the Director shall be paid the pro rata portion of the fee for his final quarter of service.


 


C. Stock
Options. Immediately upon the date of an Uplist Offering (as defined herein), the Company will grant to the Director ______________
stock options to purchase shares of the Company’s common stock, at an exercise price equal to one-half (1/2) of the public offering
price as stated in the Company’s final prospectus under the Registration Statement on Form S-1 related to the Company’s Uplist
Offering (as defined herein). An “Uplist Offering” shall mean an offering of common stock (or units consisting of common
stock) that results in the immediate listing for trading of the Company’s common stock on the NYSE American, the Nasdaq Capital
Market, the Nasdaq Global Market, the Nasdaq Global Select Market, the New York Stock Exchange, or any other national securities exchange
(or any successors to any of the foregoing). The options shall vest over three (3) years, with ______________ of the Shares vesting on
the first (1st) anniversary of the grant date, and the remaining Shares vesting equally over the next two (2) years on an
annual basis, subject to the Director continuing to serve as a member of the Board on each vesting date. In the event that the Director
ceases to be a member of the Board prior to the end of a year of service, all unvested stock options awarded hereunder shall be forfeited.


 




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D. Director
and Officer Liability Insurance. The Company’s proposed director and officer liability insurance policy shall provide Director
with coverage for damages and losses incurred in connection with the Director Services.


 


III. DUTIES
OF DIRECTOR


 


A. Fiduciary
Duties. In fulfilling his or her responsibilities, Director shall be charged with a fiduciary duty to the Company and all of its
shareholders. Director shall be attentive and inform himself or herself of all material facts regarding a decision before taking action.
In addition, Director’s actions shall be motivated solely by the best interests of the Company and its shareholders.


 


B. Confidentiality.
During the term of this Agreement, and for a period of one (1) year after the Expiration Date, Director shall maintain in strict confidence
all information he has obtained or shall obtain from the Company which the Company has designated as “confidential” or which
is, by its nature confidential, relating to the Company’s business, operations, properties, assets, services, condition (financial
or otherwise), liabilities, employee relations, customers, suppliers, prospects, technology, or trade secrets, except to the extent such
information (i) is in the public domain through no act or omission of the Company, or (ii) is required to be disclosed by law or a valid
order by a court or other governmental body (the “Confidential Information”).


 


C.
Nondisclosure and Nonuse Obligations. Director will use the Confidential Information solely to perform the Director Services for
the benefit of the Company. Director will treat all Confidential Information of the Company with the same degree of care as Director
treats his or her own Confidential Information, and Director will use his or her best efforts to protect the Confidential Information.
Director will not use the Confidential Information for his or her own benefit or the benefit of any other person or entity, except as
may be specifically permitted in this Agreement. Director will immediately give notice to the Company of any unauthorized use or disclosure
by or through him or her, or of which he or she becomes aware, of the Confidential Information. Director agrees to assist the Company
in remedying any such unauthorized use or disclosure of the Confidential Information.


 


D.
Return of the Company Property. All materials furnished to Director by the Company, whether delivered to Director by the Company
or made by Director in the performance of Director Services under this Agreement (the “Company Property”) are the
sole and exclusive property of the Company. Director agrees to promptly deliver the original and any copies of the Company Property to
the Company at any time upon the Company’s request. Upon termination of this Agreement by either party for any reason, Director
agrees to promptly deliver to the Company or destroy, at the Company’s option, the original and any copies of the Company Property.
Director agrees to certify in writing that Director has so returned or destroyed all such the Company Property.


 




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IV. COVENANTS
OF DIRECTOR


 


A. No
Conflict of Interest. For so long as Director is a member of the Board, Director shall not be employed by, own, manage, control or
participate in the ownership, management, operation or control of any business entity that is competitive with the Company or otherwise
undertake any obligation inconsistent with the terms hereof, provided that Director may continue Director’s current affiliations
or other current relationships in existence on the date of this Agreement (collectively, the “Current Affiliations”).
For a period of one (1) year after the Expiration Date, Director shall not be employed by, operate or manage any business entity that
is competitive with the Company. This Agreement is subject to the current terms and agreements governing Director’s relationship
with the Current Affiliations, and nothing in this Agreement is intended to be or will be construed to inhibit or limit any of Director’s
obligations to the Current Affiliations. Director represents that nothing in this Agreement conflicts with Director’s obligations
to the Current Affiliations. A business entity shall be deemed to be “competitive with the Company” for purpose of this Article
IV only if and to the extent it engages in a business substantially similar to the Company’s touchscreen business.


 


B. Noninterference
with Business. During the term of this Agreement, and for a period of one (1) year after the Expiration Date, Director agrees not
to interfere with the business of the Company in any manner. By way of example and not of limitation, Director agrees not to solicit
or induce any employee, independent contractor, customer or supplier of the Company to terminate or breach his or her employment, contractual
or other relationship with the Company.


 


C. Mutual
Non-Disparagement. Director and the Company mutually agree to forbear from making, causing to be made, publishing, ratifying or endorsing
any and all disparaging remarks, derogatory statements or comments made to any party with respect to either of them. Further, the parties
hereto agree to forbear from making any public or non-confidential statement with respect to any claim or complain against either party
without the mutual consent of each of them, to be given in advance of any such statement.


 


V. TERM
AND TERMINATION


 


A. Term.
This Agreement is effective on the Effective Date and will continue for one year. In the absence of any agreement in writing to the contrary,
this Agreement shall continue to renew for successive one (1) year terms on the anniversary of the Effective Date. Upon each annual renewal,
and in the absence of a written agreement to the contrary, the Director shall receive an additional issuance of restricted shares of
common stock (a “Renewal Grant”). The dollar value, vesting, and other terms of the options included in each Renewal
Grant shall be under as set forth in Section II(C) above, except that the number of shares issued shall be determined with reference
to the volume weighted average price for the Company’s shares of common stock during the thirty (30) trading days preceding the
annual renewal date.


 




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B. Termination.
This Agreement, and the Director’s service as a member of the Board, shall terminate:


 


1. at
any time upon thirty (30) days prior written notice by the Director of his resignation;


 


2. upon
the close of any shareholder’s meeting for the election of directors, if the Director is not re-elected to the Board by the Company’s
shareholders at such meeting;


 


3. upon
removal of the Director by resolution as provided in the Articles;


 


4. automatically
if, at any time, the Director becomes disqualified under the terms of the Articles; or


 


5. upon
a determination by a majority of the Board (not including the Director), that:


 


	 	 ●	the
    Director has committed a breach a of any of Director’s obligations under this Agreement;
	 	 	 
	 	●	the
    Director is or has become prohibited by any law, regulation, or rule applicable to the Company from serving as a member of the Board;
    
	 	 	 
	 	●	the
    Director has become unable to perform his or her duties under this Agreement due to health reasons, disability, or being of unsound
    mind, unless the Company can accommodate the Director’s health impairment or disability without the Company incurring undue
    hardship;
	 	 	 
	 	●	the
    Director is guilty of any serious misconduct or serious neglect in the discharge of the Director’s duties hereunder;
	 	 	 
	 	●	the
    Director’s actions or omissions bring the name or reputation of the Company, or any of Company’s affiliates, subsidiaries,
    or parent (each a “Group Member”) into serious disrepute or prejudices the business interests of the Company or any Group
    Member; or
	 	 	 
	 	●	the
    Director is charged or convicted of any criminal offence other than an offence which, in the reasonable opinion of the Board, does
    not affect the Director’s position as a director (bearing in mind the nature of the duties in which the Director is engaged
    and the capacities in which the Director is engaged).


 




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C. Survival.
The rights and obligations contained in Articles III and IV will survive any termination or expiration of this Agreement.


 


VI. MISCELLANEOUS


 


A. Assignment.
Except as expressly permitted by this Agreement, neither party shall assign, delegate, or otherwise transfer any of its rights or obligations
under this Agreement without the prior written consent of the other party. Subject to the foregoing, this Agreement will be binding upon
and inure to the benefit of the parties hereto and their respective heirs, legal representatives, successors and assigns.


 


B.
No Waiver. The failure of any party to insist upon the strict observance and performance of the terms of this Agreement shall
not be deemed a waiver of other obligations hereunder, nor shall it be considered a future or continuing waiver of the same terms.


 


C.
Notices. Any notice required or permitted by this Agreement shall be in writing and shall be delivered as follows with notice
deemed given as indicated: (i) by personal delivery when delivered personally; (ii) by overnight courier upon written verification of
receipt; (iii) by facsimile transmission upon acknowledgment of receipt of electronic transmission; or (iv) by certified or registered
mail, return receipt requested, upon verification of receipt. Notice shall be sent to the addresses set forth below or such other address
as either party may specify in writing.


 


To
the Company:


______________


_______________


_______________


To
Director:


______________


_______________


_______________


 


D. Governing
Law. This Agreement shall be governed in all respects by the laws of the, without regard to conflicts of law principles thereof.


 


E. Severability.
Should any provisions of this Agreement be held by a court of law to be illegal, invalid or unenforceable, the legality, validity and
enforceability of the remaining provisions of this Agreement shall not be affected or impaired thereby.


 


F. Entire
Agreement. This Agreement constitutes the entire agreement between the parties relating to this subject matter and supersedes all
prior or contemporaneous oral or written agreements concerning such subject matter. The terms of this Agreement will govern all Director
Services undertaken by Director for the Company


 


G.
Amendments. This Agreement may only be amended, modified or changed by an agreement signed by the Company and Director. The terms
contained herein may not be altered, supplemented or interpreted by any course of dealing or practices.


 




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H. Counterparts.
This Agreement may be executed in two counterparts, each of which shall be deemed an original, but all of which together shall constitute
one and the same instrument.


 


IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.


 


	 	 	 
	Company:	 	Wetouch
    Technology Inc.
	 	 	 
	 	 	By:	 
	 	 	Name:	Zongyi
    Lian
	 	 	Title:	Chief
    Executive Officer 
	 	 	 
	Independent
    Director:	 	 
	 	 	 
	 	 	 
	 	 	Name:	 


 




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