Exhibit 10.7


 


Employment Contract
– Zhiqiang Han


 


BETWEEN:  Tai’an
TonyFun Shopping Mall Co., Ltd, a company legally incorporated under the laws of People’s Republic of China, having a
mailing address at Baosheng Plaza at Qilihe East, Yingsheng South Road, Middle of Taishan Mountain Avenue, Tai’an City, Shandong
Province], acting and represented herein by Mr. Zhiqiang Han, Legal Representative, declaring duly authorized, (hereinafter
called the “COMPANY”)


 


AND:   Mr. Zhiqiang
Han, residing at Guohua Classic Community in Tai’an City, Shandong Province 305-1 (hereinafter called the “EMPLOYEE”)


 


(COMPANY and EMPLOYEE hereinafter collectively
called “Parties”)


 


WHEREAS:


 


COMPANY requires the services of EMPLOYEE
as Chief Executive Officer (CEO);


 


EMPLOYEE agreed to provide COMPANY his
full-time services as CEO;


 


the Parties wish to confirm their agreement
in writing;


 


the Parties have the capacity and quality
of exercise all the rights necessary for the conclusion and implementation of the agreement found in this Contract;


 


THEREFORE THE FOREGOING, THE PARTIES AGREE
AS FOLLOWS:


 


1. Employment


 


EMPLOYEE agrees to assume full-time for
COMPANY (minimum of forty (40) hours per week) the role of CEO during the entire duration of the Contract;


 


2. Term


 


This Contract is for an initial term of 36
months, namely from May 7, 2018 to May 6, 2021, renewable for an additional period of 24 months unless
either party terminates it in writing at least sixty (60) days before the expiration of the initial term;


 



     


     


    

 


3. Responsibilities


 


EMPLOYEE agrees and undertakes to COMPANY
to the following: The services must be made full time in a professional manner, according to the rules generally accepted by industry.


 


3.1 Shall be subject to regulatory oversight
of the Board, in representation of the COMPANY and take overall responsibility for the operational management and financial management
of the COMPANY, to ensure the safety of operation, effective management and the preservation and appreciation of assets.


 


3.2 Shall be strictly compliance with laws,
regulations and financial and accounting system, drafting plans on the establishment of the COMPANY’s internal management
departments and basic management system of the COMPANY.


 


3.3 Unless agreed by the Board, shall not
make changes to the legal representative, company name or business scope of the company.


 


3.4 Unless agreed by the Board, shall not
dispose the property of the COMPANY, including but not limited to transfer, selling off, mortgaging, pledge, leasing or giving
out.


 


3.5 If the COMPANY needs to ask for a loan,
consent of the Board shall be made.


 


3.6 Shall not provide external guarantee
in the name of the COMPANY.


 


3.7 Shall regularly submit factual financial
reports to the Board.


 


3.8 Deciding on the hiring or dismissing
of the persons-in-charge other than those who shall be decided by the Board.


 


3.9 Performing other responsibility granted
by the articles of association or the Board.


 


4. Consideration


 


4.1 Service Awards


 


In consideration of the provision of services,
COMPANY to pay EMPLOYEE, as compensation;


 


The gross amount of RMB 1,200,000
annually calculated at the rate of twelve (12) equal monthly installments consecutively of RMB 100,000 each.


 


4.2 Expenditure incurred


 


COMPANY will reimburse EMPLOYEE all reasonable
expenses incurred in connection with this Contract, upon presentation of appropriate documentation. The date of reimburse EMPLOYEE
shall be the 20th of each month.


 



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4.3 Bonus


 


Executive will be eligible to receive an
annual bonus with a target payout up to 15% of the annual salary (the “Target Bonus”).


 


5. Commitment to confidentiality and
nondisclosure


 


EMPLOYEE recognizes that certain disclosures
to be provided by COMPANY have or may have considerable strategic importance, and therefore represent trade secrets for purposes
of this Contract. During the term of this Contract and for a period of 36 months following the end of it, EMPLOYEE is committed
to COMPANY to:


 


a) keep confidential and not disclose the
information;


 


b) take and implement all appropriate measures
to protect the confidentiality of the information;


 


c) not disclose, transmit, exploit or otherwise
use for its own account or for others, elements of information;


 


6. Exclusivity of service provider


 


During the term of this Contract and for
a period of 24 months following the end of it, EMPLOYEE is committed to COMPANY not render services to or for direct or
indirect competitors of COMPANY.


 


7. Termination of Contract


 


Either party may terminate this Contract
at any time, upon presentation of a sixty (60) days notice given to the other party.


 


8. General provisions


 


Unless specific provision to the contrary
in this Contract, the following provisions apply.


 


8.1 Force Majeure


 


Neither party can be considered in default
under this Contract if the performance of its obligations in whole or in part is delayed or prevented by following a force majeure
situation. Force majeure is an external event, unforeseeable, irresistible and it absolutely impossible to fulfill an obligation.


 


8.2 Severability


 


The possible illegality or invalidity of
an article, a paragraph or provision (or part of an article, a paragraph or provision) does not in any way affect the legality
of other items, paragraphs or provisions of this Contract, nor the rest of this article, this paragraph or provision unless a contrary
intention is evident in the text.


 



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8.3 Notices


 


Any notice to a party is deemed to have
been validly given if in writing and sent by registered or certified mail, by bailiff or by courier to such party at the address
listed at the beginning of this Contract or any other address that the party may indicate a similar notice to another party. A
copy of any notice sent by mail must be sent by one mode of delivery mentioned above.


 


8.4 No Waiver


 


The inertia, neglect or delay by any party
to exercise any right or remedy under this Contract shall in no way be construed as a waiver of such right or remedy.


 


8.5 Contract Amendment


 


This Contract may be amended only by a
writing signed by all Parties.


 


9. Applicable Laws and Election of domicile


 


This Contract is subject to the laws of
the People’s Republic of China. 


 


The Parties agree to elect domicile in
the judicial district of Tai’an City, Shandong Province, China, and chose it as the appropriate district to hear any
claim arising from the interpretation, application, and performance, the entry into force, validity and effect of this Contract.


 


10. Currencies


 


All sums of money under this Contract refer
to Chinese currency.


 


11. Effectiveness and Copies


 


This Contract will come into force upon
signature and seal by both Parities. This Contract is made in duplicate and both are of equally binding force. The COMPANY and
the EMPLOYEE each holds one copy.


 


IN THE CITY OF TAI’AN, SHANDONG PROVINCE,
CHINA,


 


	Tai’an Tony Fun Shopping Mall Co., Ltd	 
	(Seal)	 
	 	 
	/s/ Zhiqiang Han	 
	Zhiqiang Han (Signature)	 


 



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