**Exhibit 4.13**

 

**AQUASITION CORP.**

Xin Fengge Building

Yupu Industrial Park

Shishi City, Fujian Province 362700

CHINA

 

August 1, 2014

 

Keyan Yan

[Address]

 

Dear Mr. Yan:

 

This will confirm theterms of your employment with Aquasition Corp., (the “**Company**”) as of the date hereof.

 

1.     Duties. Your job title will be Chief Executive Officer of the Company, reporting to the Board of Directors of theCompany (the “**Board**”). Your duties will include the general management of the affairs of the Company, togetherwith the powers and duties usually incident to the office of Chief Executive Officer, except as specifically limited by appropriatewritten resolution of the Board and will have such other powers and perform such other duties as may be assigned to you by theBoard. This is a full-time position.

 

2.                 Term. The initial term of your employment is three (3) years, which term may be extended by agreement between youand the Company (the “**Term**”).

 

3.                 Compensation. You initial annual base salary will be determined by the Compensation Committee of the Board within30 days following the date hereof. Your compensation will be reviewed from time to time according to the Company’s policies.All reasonable business expenses that are documented by you and incurred in the ordinary course of business will be reimbursedin accordance with the Company’s standard policies and procedures.

 

4.                 Incentive Compensation. You will be eligible to participate in such annualperformance bonus plans as may be established by the Company from time to time for similarly situated employees, subject to theterms and conditions established by the Company for such bonus plans. Any such bonuses will be based on the achievement of goalsand milestones established by the Company in its sole discretion, and the Company in its sole discretion may amend or terminateany such bonus plans at any time.

 

5.                 Equity Awards. You will be entitled to participate in the Company’s Equity IncentivePlan when and if such a Plan is adopted by the Board.

 

6.                 Employee Benefits. You are eligible to participate in such Company-sponsored benefits, including health benefits,vacation (annual leave), sick leave, holidays and other benefits that the Company may offer to similarly situated employees fromtime to time. Your eligibility to receive such benefits will be subject in each case to the generally applicable terms and conditionsfor the benefits in question and to the determinations of any person or committee administering such benefits. The Company mayfrom time to time, in its sole discretion, amend or terminate the benefits available to you and the Company’s other employees.You will be covered by worker’s compensation insurance, disability insurance and other governmental benefit programs as requiredby applicable laws.

 

 

7.                 Adjustments and Changes in Employment Status. The Company reserves the right to make personnel decisions regardingyour employment, including but not limited to decisions regarding any transfers or other changes in duties or assignments, changesin your salary and other compensation, changes in benefits and changes in Company policies or procedures.

 

8.                 At-Will Employment. Your employment with the Company is “at-will.” In other words, either you or theCompany can terminate your employment at any time for any reason, with or without cause and with or without notice, without liabilityexcept as expressly set forth in this letter. This term of employment is not subject to change or modification of any kind exceptif in writing and signed by you and an authorized representative of the Company.

 

9.                 Non-competition. During your employment with the Company, you will devote full time to the duties of your position.You will not engage in any activities in competition with the business of the Company.

 

10.             Confidentiality. At all times during your employment with the Company, you will maintain the confidentiality of allinformation and materials which are confidential or proprietary to the Company.

 

11.             Taxes. All forms of compensation referred to in this letter are subject to reduction to reflect applicable withholdingand payroll taxes and all other deductions required by law. You acknowledge that the Company does not have a duty to design itscompensation policies in a manner that minimizes your tax liabilities, and you will not make any claim against the Company or theBoard related to tax liabilities arising from your compensation.

 

12.             No Conflicting Obligations.****By execution of this letter, you represent and warrant that your performanceof this letter does not and will not breach any agreement you have entered into, or will enter into, with any other party. Youagree not to enter into any written or oral agreement that conflicts with this letter.

 

13.             Integrated Agreement. Thisletter supersedes any prior agreements, representations or promises of any kind, whether written, oral, express or implied betweenthe parties hereto with respect to its subject matter. Likewise, this letter will constitute the full, complete and exclusiveagreement between you and the Company with respect to its subject matter. This Agreement may only be changed by a writing, signedby you and an authorized representative of the Company.

 

14.             Severability. If any term of this letter is held to be invalid, void or unenforceable, the remainder of the termsherein will remain in full force and effect and will in no way be affected, and the parties will use their best efforts to findan alternative way to achieve the same result.

 

15.             Governing Law. The terms of this letter and the resolution of any dispute as to the meaning, effect, performanceor validity of this letter or arising out of, related to, or in any way connected with, this letter, your employment with the Companyor any other relationship between you and the Company (a “Dispute”) will be governed by the laws of Hong Kong,S.A.R., China, without giving effect to the principles of conflict of laws.

 

[*Signature Page Follows*]

 

 

To confirm your agreement with andacceptance of these terms, please sign one copy of this letter and return it to me. The other copy is for your records.