Exhibit 10.1


 





 


PRIVATE
 & CONFIDENTIAL


 


13th
Oct 2022


Qian Sun


 


EMPLOYMENT CONTRACT OF SERVICE


 


Dear Qian Sun,


 


We
are pleased to offer you an employment with Mercurity Fintech Holding Inc. (hereinafter referred to as “The Company”), as
Chief Operating Officer commencing on 13th Oct 2022, on
the terms and conditions stated herein.


 


		1.	Scope of Duties:



 


You may be employed by the Employer
in a position other than Chief Operating Officer upon the employer notifying you in writing of such assignment. You will
duly and diligently perform all the duties assigned to you while in the employment and truly and faithfully account for and deliver to
the Employer .The specific responsibilities are as follows: 1) Responsible for the daily operation of the company; 2) Responsible for
the recruitment, training, assessment and management of the company's human resources; 3) Fully responsible for the operation management
and business development of the Group's New York subsidiary; 4) Complete the board of directors and chief executive officer Other work
assigned by officials.


 


		2.	Emolument:



 


The Company is offering you a basic
salary of US Dollars $2,500 Only per month based on your declared working experience, knowledges,
and skills during the interview.


 


Monthly
Salary are calculated from the 1st of the month till end of month. Payout period for basic
salary will be on or before 7 days on the month and overtime pay is on or before 14 days on the month.


 


Bonus, if any, will be payable based
on your personal performance and overall performance of the Company and at the sole discretion of the Management.


 


		3.	Term of Employment:



 


Your appointment is subject to
a probationary period of three (3) months continuous service, depending on your performance. During this probationary period, either party
is allowed to terminate this employment agreement by giving twenty one (21) days’ notice in writing or paying twenty one (21)
days’ salary in lieu thereof. If you are found not satisfactory during the first three (3) months probation, the Company reserves
the right to have an extension on your probation up to six (6) months. Upon completing your probation period you are deem to be confirmed,
unless otherwise notified by your supervisor or the management.


 


Upon confirmation, either party
is allowed to terminate this employment agreement by giving one (1) months’ notice in writing. Offsetting of notice period
against unutilized annual leave is not allowed.


 


The Employer, without prejudice
to any remedy it may have against the you, shall have the right to summarily terminate this agreement, and your employment shall be
terminated immediately without notice and without pay in lieu of notice, upon the breach by you of the terms and conditions of
employment, if you commit any offence against the law of the country of state in which you are for the time being employed, if you
become involved in serious financial difficulties, in the event you are guilty of willful disobedience of Employer’s order, of
gross negligence or otherwise of misconduct or in the event you commit any act which brings Employer into public disrepute or
ridicule. And/or revealing any of the Company’s information to third party or causing harm and damage to the Company.


 






     


     


    

 





 


Upon termination
with or without notice of this agreement, you will return all equipment, goods and facilities which have been provided by Employer during
the period of employment.


 


		4.	Changes in Terms and Conditions of Employment:



 


Your terms and conditions of employment
may be amended from time to time as the needs of the Employer required. Your performance will be reviewed with you on an annual basis,
which is the time any salary changes will be ordinarily made.


 


		5.	Transportation:



 


The costs of travel from your place
of residence to & fro place of work shall be borne by you.


 


		6.	Services:



 


You will devote the whole of your
time, attention and ability to the business of the Employer and will well and faithfully served the Employer and use your best efforts
to promote its interest.


 


		7.	Medical Leave



 


After completing
three (3) months continuous service with the Company, you will be entitle to a prorated paid sick leave & hospitalization leave according
employment act, upon completion of six (6) months you will entitle to a maximum of fourteen (14) days paid sick leave per year and maximum
sixty (60) days (inclusive of the fourteen days sick leave) of hospitalization leave per year.


 


		8.	Medical Leave:



 


After completing
three (3) months continuous services with the company, we will reimburse/absorb the medical expenses (consultation fee only) if your MC
was issued by a medical practitioner from a public institution complying to Employment Act.


 


Such medical attention
shall exclude any expenses in respect of maternity, dental, optical and surgical appliances or artificial limbs. It is to be clearly understood
that the Company will not be responsible for any medical attention or expense in respect of any member of your family.


 


Shall you, on account
of illness, be admitted into any hospital, the Company will not be liable for any cost occurred.


 


		9.	CPF (Employer’s Contribution:



 


To be paid as per existing
government regulations.


 


		10.	Income Tax:



 


You are fully responsible
for all your personal income tax.


 


		11.	Working Hours:



 


Your official working hours during probationary
period shall be as follows:


 


	5 Days Week	-	Monday through Friday
	 	 	Except on Saturdays, Sundays, and Public Holidays.




 


	Working Hours: 9.00a.m. - 6.00p.m.





 






     


     


    

 





 


		12.	Rules and Regulations:



 


You agreed to be bound by and faithfully observe and
abide by all the rules and regulations or guidelines of the Employer (including but not limited to, any office procedural manuals and
any confidentiality of information policies or procedures) which are in effect from time to time which are brought to your notice or of
which you should be aware. Any breach of Company’s confidentiality of information policies or procedures calls for severe discipline
and / or termination of employment without compensation. All e-mails received should not be deleted and you are liable for any data loss
during your tenture with the Company.


 


		13.	Non-Disclosure:



 


You acknowledge that during your employment with the
Company, confidential information of the Employer will be disclosed to you and that any unauthorized disclosure of such information to
third parties or use other than for Employer’s purpose could cause extensive harm to the Employer. Confidential information of the
Employer includes any and all trade secrets, confidential, private or secret information of the Employer including without limitations


 


		(i)	business and financial information of the Employer,



 


		(ii)	business methods and practices of the Employer,



 


		(iii)	operations strategies of the Employer,



 


		(iv)	such information as the
Employer may from time to time designate as being confidential to the Employer.



 


Confidential information will not include information that
is in the public domain or information that falls into the public domain, unless such information falls into the public domain by disclosure
or other acts by you or through you.


 


You undertake with the Employer that you will not during
your employment with Company or at any time thereafter, unless prior written consent is given by the Employer, either directly or indirectly,
utilize on your own behalf or on behalf of any other person, firm or Company (a “person”) or divulge to any other person,
except as required by the terms and nature of your employment with the Employer, any confidential information of the Employer, you shall
use your best endeavours to prevent the unauthorized disclosure or publication of such information. In addition, you agree that you will
not copy any confidential information of the Company including any curriculum belonging to the Company nor remove from the Employer’s
premises without the express written permission of the Employer. You recognize and acknowledge that a breach of this provision may result
in the termination of your employment and / or the institution of legal proceedings against you.


 


		14.	Non-Solicitation of Clients:



 


You agree that you will not without
the prior written consent of the Employer at any time during your employment with the Employer or for a period of one (01) year from
the termination of your employment however caused (whether your employment is terminated by you or the Employer and whether with our
without cause on in breach of this Agreement), either individually or through any Company controlled by you and either on your own behalf
or on behalf of any person competing or endeavouring to compete with the Employer, directly or indirectly solicit, endeavour to solicit
or gain the custom of, canvass or interfere with any person who is a client of the Employer as at the date of termination of your employment
or use your personal knowledge of or influence over any such client to or for your own benefit or that of any other person competing
with the Employer.


 






     


     


    

 





 


		15.	Non-Solicitation of Employees:



 


You agree that you will not without prior written consent
of the Employer, at any time during your employment with the Employer or for a period of one (01) year from the date of termination of
your own employment however caused (whether your employment is terminated by you or the Employer and whether with or without cause in
breach of this Agreement), either individually or through any Company controlled by you and either on your behalf or on behalf of any
other person competing or endeavouring to compete with the Employer, directly or indirectly solicit for employment, or endeavour to employ
or retain as an independent contractor or agent, any person who is an employee of the Employer as of the date of termination of your employment
or was an employee of the Employer at any time during one (01) year prior to the termination of your employment.


 


You further agree that should you be approached by a
person who is or has been an employee of the Employer during the period described above, you will not offer to nor employ or retain as
an independent contractor or agent any such person for a period of one (01) year following the termination of your employment.


 


		16.	Owner of Intellectual Property:



 


If during your employment with the
Company, you at any time whether during the course of your normal duties or other duties specifically assigned to you (whether or not
during normal working hours), either alone or in conjunction with any other person create or develop any intellectual property (including
any work in which copyright subsists or may subsist) you shall immediately disclose same to the Company. You also agree that all such
intellectual property and the copyright and other intellectual property rights therein will be owned by the Company for the full term
in which such rights exist or are capable of existing.


 


		17.	Return of Company’s Property:



 


Upon any termination of your employment, you will at
once deliver to the Company all documents, effects, money or other property belonging to the Company or for which the Company is liable
to others which are in your possession, charge, control or custody. If you do not return the properties to the Company, the Company reserves
the right to take legal action against you to recover the said property / properties.


 


		18.	Deductions:



 


Employer is authorized
to deduct from your remuneration such sums as may be required to be deducted or withheld under the provisions of any law now in effect
or hereafter put into effect during the terms of this Agreement, including, but not limited to, social security, Employee’s Central
Provident Fund contributions and withholding income tax, if any, as well as such other sums as may be agreed with you from time to time.


 


		19.	Governing Laws:



 


This Agreement
will be governed by and construed in accordance with the laws of Cayman Islands.


 






     


     


    

 





 


We look forward to
you joining our team and are hopeful that the qualities you bring with you will be of great assistance in the development of our company.
It is hoped that you will have a long lasting and successful career with our Company.


 


Please kindly indicate your acceptance of our
offer by signing and returning the duplicate copy of this letter to us.


 


Yours Sincerely,


Human Resources Team


Mercurity Fintech
Holding Inc.


 


I acknowledge the receipt a copy of Company
Hand Book and have understood and shall compliance to the terms and condition stated in it.


 


Signature
by:


 


	 	 



 


Chief Executive Officer: