Exhibit 10.1


 


AGREEMENT


 


THIS
AGREEMENT is made on the 22 day of November 2018


 


BETWEEN


 


	(1)	Technovative
    Group, Inc., a company incorporated in the United States of America, Delaware (“the Company”); and


 


	(2)	Tan
    Wanhong (Passport No:            
    ) of                                                                 
    (hereinafter referred to as the “Executive”)


 


WHEREBY
IT IS AGREED as follows:


 


INTERPRETATION


 


	1.	In this Agreement (including the Schedules):




 


		(a)	each
                                         of the following expressions has the meaning shown opposite it:



 


	 	“Director”	a
    director at any given time of the Company
	 	 	 
	 	“Board”	the
    board of directors of the Company
	 	 	 
	 	“Effective
    Date”	22nd
    November 2018
	 	 	 
	 	“Employment”	the
    employment established by this Agreement
	 	 	 
	 	“Industry”	any
    industry that the Company is engaged or involved in during the Employment
	 	 	 
	 	“Group
    Company”	any
                                                                                     of (i) the Company, (ii) any holding company for the time being of the Company and (iii) any subsidiary for the time being of
                                                                                     the Company

	 	 	 
	 	“Territory”	China
    and all the member countries of ASEAN


 


(b)
clause headings are for ease of reference only.


 


EMPLOYMENT


 


	2.1	Employment:
    The Company shall employ the Executive and the Executive shall serve the Company as Chief Financial Officer. The Employment
    shall commence on the Effective Date and shall continue for 24 months or until the termination pursuant to Clause 7.1 or 7.2
    herein, whichever date being the earlier.


 


	2.2	Probation:
    The Executive shall be subjected to a probation period of three (3) months from the date of employment. In the probation period, the Company may terminate the Executive by giving the Executive three days
    notice.


 


DUTIES
AND PERFORMANCE


 


	3.1	Duties:
    The Executive shall perform such duties and undertake such responsibilities, as may from time to time, be assigned to him
    by or under the authority of the Board and shall comply with all reasonable directions     made by or under the authority of
    the Board except that the parties agree that the Executive shall not perform any of such     duties in China.


 




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	3.2	Performance: During the Employment, the Executive
shall well and faithfully serve the Company and use his utmost endeavours to promote its interests, and shall devote the whole
of his time, attention and abilities to its affairs.




 


	3.3	Company’s Interest: The Executive undertakes
to refrain from any action, commission or omission that may damage the reputation or business of the Company while in the employ
of the Company.




 


REMUNERATION


 


	4.1	Rate: The Executive’s salary during the
Employment shall be HKD23,000 per month payable on the last day of each month. The salary shall be deemed to accrue from day to
day. The Company reserves the right to deduct from the Executive’s salary and/or bonus any amount as may be required by
law. The Executive’s salary shall be reviewed annually.




 


	4.2	Expenses: The Company will reimburse or advance
funds to the Executive for all reasonable documented travel (including travel expenses incurred by the Executive related to her
travel to the Company’s other offices), entertainment and miscellaneous expenses incurred in connection with the performance
of her duties under this Agreement, provided that the Executive properly provides a written accounting of such expenses to the
Company in accordance with the Company’s practices. Such reimbursement or advances will be made in accordance with policies
and procedures of the Company in effect from time to time relating to reimbursement of, or advances to, its executive officers.




 


RENEWAL


 


	5.1	Option for Renewal: The Company may by a notice
in writing, renew and continue the Employment for a further period of one (1) year from the date of expiry of the Employment as
stated in clause 2.1 herein upon the same terms and conditions herein contained except for this option for renewal and the Executive’s
salary. Upon receipt of the said notice in writing, the Executive and the Company shall enter into negotiations in good faith
to agree on the Executive’s salary for the renewed period.




 


HOURS
OF WORK, HOLIDAYS AND ABSENCE DUE TO SICKNESS


 


	6.1	Hours: The Executive is required to work in the
office three (3) days per week, provided that the Executive shall work such other hours as may be necessary or appropriate from
time to time to carry out his duties and responsibilities properly and effectively.




 


	6.2	Holidays: The Executive shall be entitled in
each full calendar year during the Employment to twenty-one (21) working days holiday (pro rata for any part calendar year) with
full salary (in addition to statutory holidays) to be taken at such reasonable time as may be approved by the Board.




 


	6.3	Absence due to sickness: Subject to the Executive
being entitled to be paid during any period of absence from work due to a sickness or injury up to a maximum of seven (7) days
(except in the case where hospitalisation is necessary, then, up to a maximum of thirty (30) days), the Executive shall not be
entitled to be paid during any period during which he has been absent without leave.




 






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TERMINATION


 


	7.1	By Company with cause: Notwithstanding the other
provisions of this Agreement, the Company may terminate the Employment forthwith (but without prejudice to the rights and 2 remedies
of the Company for any breach of this Agreement and to the Executive’s continuing obligations under clauses 7.3, 8.1 and
as set out in Schedule 1) in any of the following cases:




 


	 	(a)	if
    the Executive is guilty of dishonesty or serious or persistent misconduct, in all cases whether or not in connection with
    or referable to the Employment; or


 


	 	(b)	if
    the Executive becomes bankrupt or has a receiving order made against him or makes any general composition with his creditors;
    or
	 	 	 
	 	(c)	if
    the Executive does any act or thing which may bring serious discredit on the Company or any other Group Company; or


 


	 	(d)	if
    the Executive neglects or refuses, without reasonable cause, to attend to the business of the Company; or


 


	 	(e)	if
    the Executive flagrantly or persistently fails to observe and perform any of the duties and responsibilities imposed by this
    Agreement or which are imposed by law; or
	 	 	 
	 	(f)	if
    the Executive is in the opinion of the Board incompetent in the performance of his duties; or


 


	 	(g)	if
    the Executive otherwise acts in breach of this Agreement so as to materially prejudice the business of the Company; or


 


	 	(h)	if
    the Executive suffers from any disability or mental incapacity.


 


	7.2	By Company without cause: Notwithstanding the
other provisions of this Agreement, the Company may terminate the Employment by giving the Executive three (3) months’ notice
in writing or three (3) months’ salary in lieu of such notice. Such termination is without prejudice to the rights and remedies
of the Company for any breach of this Agreement and to the Executive’s continuing obligations under clauses 7.3, 8.1 and
as set out in Schedule 1.




 


	7.3	Obligations upon termination: Upon the termination
of this Agreement howsoever arising the Executive shall:




 


	 	(a)	at
    any time or from time to time thereafter upon the request of the Company, resign without claim for compensation from all
    subsidiaries and other corporations of which he is a director by virtue of being nominated     by the Company or his position
    in the Company, and should he fail to do so the Company is hereby irrevocably authorised to     appoint some person in his
    name and on his behalf to sign and do any documents or things necessary or requisite to give effect     thereto;
    and


 


	 	(b)	within
    three (3) days, deliver to the Board of Directors documents (including correspondence, lists of clients or customers, notes,
    memoranda, plans and other documents of whatsoever nature) made or compiled     by or delivered to the Executive during his
    employment hereunder and concerning the business, finances or affairs of the Company.     For the avoidance of doubt, it is
    hereby declared that the property and all such documents as aforesaid shall at all times     be vested in the
    Company.


 


	7.4	No holding out:
    The Executive shall not, at any time after termination of the Employment for whatever reason, represent himself as being
    in any way connected with the business of the Company or any other Group Company.




 


ACTIVITIES
OF EXECUTIVE


 


	8.1	Obligations: the Executive shall observe and
be subject to the terms, conditions and restrictions relating to his activities set out in Schedule 1 attached.




 



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		8.2	Restrictions:
                                         the Executive acknowledges and agrees that:



 


		(a)	each of the paragraphs of Schedule 1 constitutes an entirely separate and independent
                                                                restriction on him;



 


		(b)	the duration, extent and application of each of the restrictions are no greater than is necessary for the protection of the interests of the Company; and



 


		(c)	if any such restriction shall be adjudged by any court of competent jurisdiction to be void or unenforceable as going beyond what is reasonable in the circumstances for the protection of the interests of the
                                                                Company but would be valid if a part of the wording thereof was deleted and/or the period thereof was reduced and/or the area
                                                                dealt with thereby was reduced the said restriction shall apply within the jurisdiction of that court with such modifications
                                                                as may be necessary to make it valid and effective.



 


INTELLECTUAL PROPERTY


 


		9.1	If at any time during the Employment the Executive (whether
alone or with any other person or persons) makes any invention which relates either directly or indirectly to the business of
the Company or any Group Company, the Executive shall promptly disclose to the Company the full details, including drawings and
models, of such invention.



 


		9.2	The Executive shall hold the said invention in trust for
the Company and, at the request and expense of the Company, do all things necessary or desirable to enable the Company or its
nominee to obtain for itself the full benefit of and to secure patent or other appropriate forms of protection for the said invention
throughout the world.



 


		9.3	The decisions as to the patenting and exploitation of any
invention shall be at the sole discretion of the Company.



 


		9.4	The Executive irrevocably appoints the Company to be his
attorney in his name and on his behalf to execute documents, to use the Executive’s name and to do all things which may be necessary
or desirable for the Company to obtain for itself or its nominee the full benefit of the provisions of clauses 9.1 to 9.8 herein
and a certificate in writing signed by any director of the Company that any instrument or act falls within the authority hereby
conferred shall be conclusive evidence that such is the case so far as any third party is concerned.



 


		9.5	The Executive shall promptly disclose to the Company all
copyright works or designs originated, conceived, written or made by him alone or with others during the Employment and shall
hold them in trust for the Company until such rights shall be fully and absolutely vested in the Company.



 


		9.6	The Executive hereby assigns to the Company by way of future
assignment all copyright, design right and other proprietary rights (if any) for the full terms thereof throughout the world in
respect of all copyright works and designs originated, conceived, written or made by the Executive during the Employment (the
‘Works’).



 


		9.7	The Executive acknowledges that the covenants on the part
of him and the Company will be treated as good consideration and the Company will be the proprietor of any design which forms
part of the Works.



 


		9.8	The Executive shall, at the request and expense of the
Company, do all things necessary or desirable to substantiate the rights of the Company to or in respect of any Works.



 




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MISCELLANEOUS


 


		10.1	Entire agreement: This Agreement (including the
Schedules) contains the entire understanding between the parties hereto with respect to the subject matter hereof and supersedes
any prior and contemporaneous agreements or correspondence or understanding, express or implied, oral or written.



 


		10.2	Invalidity of any provision: The various provisions
of this Agreement are severable and if any provision is held to be invalid or unenforceable by any court of competent jurisdiction
then such invalidity or unenforceability shall not affect the remaining provisions of this Agreement.



 


		10.3	Notices: Any notice to be given hereunder to the
Executive may be served by hand to him personally or by being sent by post to him at his usual or last known address; and any
notice to be given to the Company may be served by being left at or sent by post to its registered office for the time being.
Any notice served by post shall be deemed to have been served on the day (excluding Sundays and statutory holidays) next following
the date of posting and in proving such service it shall be sufficient proof that the envelope containing the notice was properly
addressed and posted as a prepaid letter by recorded delivery first class post.



 


		10.4	Governing law: This Agreement is governed by, and
shall be construed in accordance with, the laws of U.S. State of Delaware and parties hereto submit to the non-exclusive jurisdiction
of the Courts in U.S. State of Delaware.



 


IN WITNESS WHEREOF the parties have hereunto set
their hands on the day and date first written above.


 


	Signed by 	 
	Tan Wanhong 	)
	in the presence of:	) /s/ Tan Wanhong
	 	 
	Signed by Nicolas Lin 	)
	for and on behalf	)
	of Technovative Group, Inc.	) /s/ Nicolas Lin




 






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SCHEDULE
1


 


		1.	During
the period of the Employment, the Executive shall not (without the Company’s prior written consent) be:



 


		(a)	directly or indirectly engaged or interested in any capacity or in any other business, trade or occupation whatsoever, except as disclosed or declared in writing to the Company prior to the date hereof; or



 


		(b)	directly or indirectly engaged or interested in any capacity whatsoever (whether as principal, servant, agent, consultant or otherwise) in any business or trade within the Industry in the Territory.



 


		2.	The Executive shall keep secret and shall not at any time
(whether during or after his Employment and for whatever reason) use for his own or another’s advantage, or reveal to any person,
firm or company, any of the trade secrets, business methods or information which the Executive knew or ought reasonably to have
known to be confidential concerning the Company or any Group Company including, but not limited to, the business or affairs of
the Company or any Group Company so far as they shall have come to his knowledge during the Employment. The restriction contained
in this paragraph 2 shall not apply:



 


		(a)	to any disclosure or use authorised by the Board or required by law or the Employment;
                                                                or



 


		(b)	so as to prevent the Executive from using his own personal skill in any business in which he may be lawfully engaged (subject to paragraph 5 of this Schedule) after the Employment is terminated; or



 


		(c)	to any trade secrets, business methods of information which may lawfully have come into
                                                                the public domain.



 


		3.	The Executive shall at all times observe any generally
accepted standards of professional conduct for the Industry and related industries in the Territory and shall comply with any
directives in this regard (including any compliance manuals) as may be issued by the Company or the relevant authorities from
time to time.



 


		4.	The Executive shall not at any time and for whatever reason
endeavour (whether on his own account or for any other person, firm or company) to entice away any employee of the Company from
the Company.



 


		5.	For a period of one (1) year after termination of the Employment
for whatever reason, the Executive shall not (without the previous consent in writing of the Board and whether on his own account
or for any other person, firm or company) solicit or endeavour to entice away from the Company or any other Group Company any
person, firm or company who are or which in the preceding two years shall have been a customer of or in the habit of dealing with
the Company or any other Group Company.



 


		6.	The Executive undertakes to unconditionally compensate
the Company for any damages that may arise from breach of any part of the above undertakings as assessed by an independent arbitrator
to be appointed by the Company.



 


		7.	For a period of one (1) year after termination of the Employment
for whatever reason the Executive shall not be engaged or interested in any capacity whatsoever (whether as principal, servant,
agent, consultant or otherwise) In any business or trade in the Territory which is in direct competition with the Company or any
Group Company.



 


 


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