Exhibit 10.1


 








TAKUNG ART CO., LTD


 


EXECUTIVE EMPLOYMENT AGREEMENT


 


This EXECUTIVE EMPLOYMENT
AGREEMENT (the "Agreement"), entered into as of February 22, 2016, by and between Takung Art Co., Ltd., a Delaware corporation
(the "Company") and Chun Hin Leslie Chow (the "Executive"). The Company and Executive are collectively referred
to herein as the "Parties." This Agreement automatically shall supersede any agreement between the Company and Executive
concerning Executive's


employment by the Company.


 


RECITALS


 


A.The Company desires to employ the
Executive as its Chief Financial Officer (CFO), and to assure itself of the services of the Executive for the Initial Period and
Extended Period (each as defined below).


 


B.The Executive desires to be employed
by the Company as its CFO for the Initial Period and Extended Period and upon the terms and conditions of this Agreement.


 


C.Executive agrees to use his best
efforts, and apply his skill and experience, to the proper performance of his duties hereunder and to the business and affairs
of the Company. Executive agrees to serve the Company faithfully, diligently and to the best of his ability.


 


AGREEMENT


 


ACCORDINGLY, the Parties agree as follows:


 


1.Term
of Employment. The Company shall employ the Executive to render services to the Company in the position and with the duties
and responsibilities described in Section 2 for a period of three (3) months starting from the date of this Agreement (the "Initial
Period"), which period shall be automatically extended for an additional fifteen (15) months (the "Extended Period "),
unless the Company provides notice to the Executive of its election not to extend the period prior to the expiration of the Initial
Period, or unless the Initial Period or Extended Period, as applicable, is terminated sooner in accordance with Sections 4 or 5
below or extended upon mutual agreement of the Parties.


 


2.Position, Duties, Responsibilities.


 


2.1Position.
The Executive shall render services to the Company in the positions of CFO and shall perform all services appropriate to such position.
The Executive's principal place of employment shall be at any location mutually acceptable to the board of di rectors of the Company
and the Executive. The Executive shall devote his best efforts to the performance of his duties. The Executive shall report to
the board of directors of the Company.


 






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2.2Execution
of Other Employment Agreements. The Executive shall upon request of the Company execute an employment agreement with any direct
or indirect subsidiary of the Company (in each case, a "Subsidiary Employment Agreements") in accordance with
Hong Kong laws and regulations, in the form substantially identical to this Agreement except for adjustments or alterations required
to comply with the relevant laws and regulations of the Hong Kong.


 


3.Compensation and Holiday.
In consideration of the services to be rendered under this Agreement, the Executive shall be entitled to the following:


 


3.1Base Salary.
The Company shall pay the Executive a "Base Salary" of US$6,833 per month, subject to adjustment in accordance with Section
3.2 below. The Base Salary shall be paid in accordance with the Company's regularly established payroll practices.


 


3.2Salary Adjustment.
The Executive's Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for
adjusting salaries for similarly situated employees and may be adjusted in the sole discretion of the Company.


 


3.3Benefits.
The Executive shall be eligible to participate in the benefits made generally available by the Company to similarly-situated executives,
in accordance with the benefit plans established by the Company (including the Company's Equity Incentive Plan), and as may be
amended from time to time in the Company's sole discretion. Nothing contained in this Article shall affect or in any way limit
Executive's rights as an executive employee of the Company to participate in any profit sharing plan, supplemental compensation
arrangements or any other fringe benefits offered by the Company to its employees as set forth in the Company's employee handbook,
and compensation received by Executive hereunder shall be in addition to the foregoing except that the severance benefits set forth
in this Agreement shall be exclusive.


 


3.4Bonus.
The Executive shall not be entitled to any bonus unless otherwise approved by the board of directors of the Company in its sole
discretion.


 


3.5Holidays.
The Executive shall be entitled, in addition to applicable statutory public holidays, to take Twenty (20) working days as paid
holidays in each full calendar year. If the Executive's employment commences or terminates part way through a calendar year, his entitlement to holidays will be assessed on a pro-rata basis in accordance with the Company's holiday policy, as it may change
from time to time.


 


4.Termination
By Company.


 


4.1Termination
for Cause. For purposes of this Agreement, "For Cause" shall mean the occurrence of any of the following, subject
only to any statutory requirement of any applicable law: (i) the failure of the Executive to properly carry out his duties after
notice by the Company of the failure to do so and a reasonable opportunity for the Executive to correct the same within a reasonable
period specified by the Company; (ii) any breach by the Executive of one or more provisions of any written agreement with, or
written policies of, the Company or his fiduciary duties to the Company likely to cause material harm to the Company and its affiliates,
at the Company's reasonable discretion, or (iii) any theft, fraud, dishonesty or serious misconduct by the Executive involving
his duties or the property, business, reputation or affairs of the Company and its affiliates. The Company may terminate the Executive's
employment For Cause at any time, without any advance notice or payment in lieu of notice. The Company shall pay to the Executive
all compensation prescribed under Section 3 hereof to which the Executive is entitled up through the date of termination, subject
to any other rights or remedies of the Company under law, and thereafter all obligations of the Company under this Agreement shall
cease.


 






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4.2By Disability.
In the event Executive shall, by reason of illness or other incapacity, become unable to perform the services agreed upon herein
("Disability" or "Disabled"), the Company shall continue to compensate Executive for six (6) months commencing
from the date of such Disability at his base monthly salary less any amounts actually received by Executive from the disability
insurance policies carried by the Company for the benefit of Executive pursuant to Section 3. "Disability" shall mean
if, as a result of Executive's incapacity due to physical or mental illness, Executive shall have been absent from the full-time
performance of Executive's duties with the Company for three (3) consecutive months, and within thirty (30) days after written
notice of termination is given Executive shall not have returned to the full-time performance of Executive's duties. The determination
of Disability will be established by the Company's benefit provider. The determination of such benefit provider shall be made in
writing to the Company and Executive and shall be final and conclusive for purposes of this Agreement.


 


4.3Other Termination
by Company. In addition to Sections 4.1 through 4.2, the Company may at any time terminate the employment of the Executive
without cause: (i) at any time during the Initial Period, in which case the Executive will not be eligible to receive any severance;
or (ii) by giving one (1) month written notice to the Executive during the Extended Period, in which case the Executive will be
eligible to receive an amount equal to three (3) months of the then-current Base Salary of the Executive payable in the form of
salary continuation (the "Severance"). The Executive's eligibility for Severance is conditioned on the Executive having
first signed a Termination Certificate in the form attached as Exhibit A. The Executive shall  not be entitled to any Severance
payments if the Executive's employment is terminated For Cause, by death or by Disability (as provided above) or if the Executive's
employment is terminated by the Executive for any reason other than Good Reason, as defined below.


 


5.Termination
By Executive.


 


5.1Termination
by Executive other than for Good Reason. The Executive may terminate employment with the Company at any time for any reason
or no reason at all, upon three (3) months' advance written notice. During such notice period the Executive shall continue to diligently
perform all of the Executive's duties hereunder. The Company shall have the option, in its sole discretion, to make the Executive's
termination effective at any time prior to the end of such notice period as Jong as the Company pays the Executive all compensation
under Section 3 hereof to which the Executive is entitled up through the actual termination date. Thereafter all obligations of
the Company shall cease. Unless the Executive terminates his employment for Good Reason, as provided in Section 5.2, no Severance
or other separation benefits shall be paid to the Executive.


 






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5.2Termination
for Good Reason. The Executive's termination shall be for Good Reason (as defined below) if the Executive provides
written notice to the Company of the Good Reason within ten (10) days of the event constituting Good Reason and provides the
Company with a period of ten (10) days to cure the Good Reason and the Company fails to cure the Good Reason within that
period. For purposes of this Agreement, "Good Reason" shall mean, without the Executive's express written consent,
the occurrence of any of the following circumstances: (a) The assignment to Executive of any duties inconsistent with
Executive's status as an executive officer of the Company or a substantial adverse alteration in the nature or status of
Executive's responsibilities from those in effect upon the date hereof; (b) A reduction by the Company by more than twenty
percent (20%) in Executive's Base Salary as in effect on the date hereof; (c) The failure by the Company, without Executive's
consent, to pay to Executive any portion of Executive's compensation due hereunder more than twice in any 12 month period
except pursuant to an across-the-board compensation deferral similarly affecting all executives of the Company; (d) The
failure by the Company to continue to provide Executive with benefits or arrangements (including, without limitation, income
tax services, car allowances, and other fringe benefits) at least as favorable to those enjoyed by Executive upon the start
of employment hereunder, the taking of any action by the Company which would directly or indirectly materially reduce any of
such benefits or deprive Executive of any material fringe benefit enjoyed by Executive upon the start of employment
hereunder. Executive's continued employment shall not constitute consent to, or a waiver of rights with respect to, any
circumstance constituting Good Reason hereunder. Upon occurrence of any of the foregoing events which Executive believes
constitutes "Good Reason," Executive must notify the Company in writing within ten (10) days and give the Company
ten (10) days to cure or correct the alleged action or failure. After the expiration of twenty (20) days, Executive
may quit for "Good Reason" by giving written notice within an additional fourteen (14) days.


 


6.Termination
Obligations.


 


The Executive agrees
that on or before termination of employment, he will promptly return to the Company all documents and materials of any nature pertaining
to his work with the Company, including all originals and copies of all or any part of any Proprietary Information or Inventions
(as defined below) along with any and all equipment and other tangible and intangible property of the Company. The Executive agrees
not to retain any documents or materials or copies thereof containing any Proprietary Information or Inventions.


 


The
Executive further agrees that: (i) all representations, warranties, and obligations under Articles 6, 7, 8, 9, 10, 11, 12,
14.1, 14.2, 14.3 and 14.4 contained in this Agreement shall survive the termination of the Initial Period and Extended
Period, as applicable; (ii) the Executive's representations, warranties and obligations under Articles 6, 7, 8, 9, 10, 11,
12, 14.1, 14.2, 14.3 and 14.4 shall also survive the expiration of this Agreement; and (iii) following any termination of
the Initial Period or Extended Period, as applicable, the Executive shall fully cooperate with the Company in all matters
relating to his continuing obligations under this Agreement, including but not limited to the winding up of pending work on
behalf of the Company, the orderly transfer of work to the other employees of the Company, and the defense of any action
brought by any third party against the Company that relates in any way to the Executive's acts or omissions while employed by
the Company. The Executive also agrees to sign and deliver the Termination Certificate attached hereto as Exhibit A prior to
his termination of employment with the Company.


 






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7.Post-Termination
Activity.


 


7.1No Use of
Proprietary Information. The Executive acknowledges that the pursuit of the activities forbidden by this subsection would necessarily
involve the use or disclosure of Proprietary Information in breach of this Agreement, but that proof of such a breach would be
extremely difficult. To forestall such disclosure, use, and breach, and in consideration of the employment under this Agreement,
the Executive also agrees that while Employed by the Company, and for a period of six (6) months after termination of the Executive's
employment, the Executive shall not, directly or indirectly:


 


(i)divert or
attempt to divert from the Company or any Affiliate ("Affiliate" shall mean any person or entity that directly, or
indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with such entity).
For the purposes of this definition "control" means the possession, directly or indirectly, of the power to direct
or cause the direction of the management and policies of a person, whether through the ownership of voting securities, by
contract or otherwise, and includes (a) ownership directly or indirectly of 50% or more of the shares in issue or other
equity interests of such person, (b) possession directly or indirectly of 50% or more of the voting power of such person or
(c) the power directly or indirectly to appoint a majority of the members of the board of directors or similar governing body
of such person, and the terms "controlling" and "controlled" have meanings correlative to the foregoing)
any business of any kind in which it is engaged, including, without limitation, soliciting business from or performing
services for, any persons, company or other entity which at any time during the Executive's employment by the Company is a
client, supplier, or customer of the Company or prospective client, supplier, or customer of the Company if such business or
services are of the same general character as those engaged in or performed by the Company;


 


(ii)solicit or
otherwise induce any person to terminate his employment or consulting relationship with the Company or any Affiliate; or


 


(iii)engage, invest
or assist in any business activity that directly or indirectly competes with any business plan of the Company or any Affiliate.


 


In addition, because
the Executive acknowledges the difficulty of establishing when any intellectual property, invention, or proprietary information
is first conceived or developed by the Executive, or whether it results from access to Proprietary Information or the Company equipment,
supplies, facilities, or data, the Executive agrees that any intellectual property, invention, or proprietary information shall
be reported to the Company and, unless proven otherwise to the reasonable satisfaction of the Company, shall be presumed to be
an Invention (as defined below) for the purpose of this Agreement and shall be subject to all terms and conditions hereof, if reduced
to practice by the Executive or with the aid of the Executive within six (6) months after termination of the Initial Period or
Extended Period, as applicable.


 






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7.2No Competition.
Notwithstanding Section 7.1 above, while employed by the Company and for a period of six (6) months after the termination of the
Executive's employment with the Company for any reason whatsoever, the Executive shall not, directly or indirectly, as an executive,
employer, employee, consultant, agent, principal, partner, manager, stockholder, officer, director, or in any other individual
or representative capacity, engage, aid, counsel or participate in any business within Hong Kong and the People's Republic of China
that is competitive with the business of the Company or any Affiliate. Notwithstanding the foregoing, the Executive may own less
than one percent (1%) of any class of stock or security of any corporation listed on an internationally recognized securities
exchange which competes with the Company.


 


7.3Enforceability.
The covenants of this Article 7 are several and separate, and the unenforceability of any specific covenant shall not affect the
provisions of any other covenant. If any provision of this Article 7 relating to the time period or geographic area of the restrictive
covenants shall be declared by a court of competent jurisdiction to exceed the maximum time period or geographic area, as applicable,
that such court deems reasonable and enforceable, then this Agreement shall automatically be considered to have been amended and
revised to reflect the maximum time period or geographic area that such court deems enforceable.


 


7.4Independent
Covenants. All of the covenants in this Article 7 shall be construed as an agreement independent of any other provision in
this Agreement, and the existence of any claim or cause of action of the Executive against the Company or any of its Affiliates,
whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of such covenants.


 


8.Proprietary
Information.


 


The Executive agrees
during his employment with the Company and within three (3) years thereafter, to hold in strictest confidence and trust, and not
to use or disclose to any person, firm or corporation any Proprietary Information without the prior written consent of the Company,
except as necessary in carrying out his duties as an employee of the Company for the benefit of the Company. "Proprietary
Information" means any information of a proprietary, confidential or secret nature that may be disclosed to the Executive
that relates to the business of the Company or of any parent, subsidiary, Affiliate, customer or supplier of the Company or any
other party with whom the Company agrees to hold information of such party in confidence ("Relevant Parties"). Such Proprietary
Information includes, but is not limited to, Inventions (as defined below), research, product plans, products, services, business
strategies, personnel information, customer lists, customers, markets, technical information, forecasts, marketing, finances or
other business information of the Company and its Affiliates. This information shall remain confidential whether it was disclosed
to the Executive either directly or indirectly in writing, orally or by drawings or observation. The Executive understands that
Proprietary Information does not include any of the foregoing items which has become publicly known and made generally available
through no wrongful act of the Executive or others who were under confidentiality obligations as to the items involved.


 






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9.Former Employer
Information.


 


The Executive agrees
that he will not, during his employment with the Company, improperly use or disclose any proprietary information or trade secrets,
or bring onto the premises of the Company any unpublished document or proprietary information belonging to any former or concurrent
employer or other person or entity (excluding any direct or indirect subsidiary of the Company).


 


10.Third Party
Information.


 


The Executive recognizes
that the Company has received and in the future will receive confidential or proprietary information from third parties. The Executive
agrees to hold all such confidential or proprietary information i n the strictest confidence and trust, and not to disclose it
to any person, firm or corporation or to use it except as necessary in carrying out his work for the Company consistent with the
Company's agreement with such third party.


 


11. No Conflict.


 


The Executive represents and warrants that
the Executive's execution of this Agreement, his employment with the Company, and the performance of his proposed duties under
this Agreement shall not violate any obligations he may have to any former employer or other party, including any obligations with
respect to proprietary or confidential information or intellectual property rights of such party or require the consent or approval
of any third party.


 


12.Inventions.


 


12.1Inventions
Retained and Licensed. The Executive has attached, as Exhibit B, a list describing all inventions, original works of authorship,
developments, improvements, and trade secrets which were made by the Executive prior to the Executive's employment with the Company
("Prior Inventions"), which belong to the Executive, and which relate to the Company's actual and/or proposed business,
products or research and development. If, in the course of his employment with the Company, the Executive incorporates into a Company
product, process or machine a Prior Invention owned by the Executive or in which the Executive has an interest, the Company is
hereby granted and shall have a non-exclusive, royalty-free, irrevocable, perpetual, worldwide license to make, have made, modify,
use and sell such Prior Invention as part of or in connection with such product, process or machine.


 


12.2Assignment
of Inventions. The Executive agrees that he will promptly make full written disclosure to the Company, will hold in trust for
the sole right and benefit of the Company, and hereby irrevocably assigns to the Company, or its designee, all the Executive's
right, title, and interest in and to any and all inventions , original works of authorship, developments, concepts, improvements,
designs, drawings, discoveries, ideas, formulas, processes, compositions of matter, software, databases, mask works, computer programs
(including all source codes) and related documentation, algorithms, engineering and reverse engineering, technology, hardware configuration
information, logos, trade names, trademarks, patents, patent applications, copyrights, trade secrets or know-how, which the Executive
may solely or jointly conceive or develop or reduce to practice, or cause to be conceived or developed or reduced to practice ("Inventions"),
while the Executive is employed by the Company. The Executive further acknowledges that all original works of authorship which
are made by the Executive (solely or jointly with others) within the scope of and during his employment with the Company and which
are protectable by copyright are "works made for hire," as that term is defined in the United States Copyright Act and
that the Company will be considered the author and owner of such works. The Executive understands and agrees that the decision
whether or not to commercialize or market any Invention developed by the Executive solely or jointly with others is within the
Company's sole discretion and for the Company's sole benefit and that no royalty will be due to the Executive as a result of the
Company's efforts to commercialize or market any such Invention.


 






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12.3Waiver of
Moral Rights. To the utmost extent legally permitted, the Executive also hereby forever waives and agrees never to assert any
and all Moral Rights (as defined below) he may have in or with respect to any Invention, even after termination of his work
on behalf of the Company. "Moral Rights" mean any rights to claim authorship of an Invention to object to or prevent
the modification of any Invention, or to withdraw from circulation or control the publication or distribution of any Invention,
and any similar right, existing under judicial or statutory law of any country in the world, or under any treaty, regardless of
whether or not such right is denominated or generally referred to as a "moral right."


 


12.4Maintenance
of Records. The Executive agrees to keep and maintain adequate and current written records of all Inventions made by the Executive
(solely or jointly with others) during the Executive's employment with the Company. The records will be in the form of notes, sketches,
drawings, and any other format that may be specified by the Company. The records will be provided to, and remain the sole property
of, the Company at all times.


 


12.5Patent and
Copyright Registrations. The Executive agrees to assist the Company, or its designee, at the Company's expense, in every proper
way, to secure the Company's rights in the Inventions and any copyrights, patents, mask work rights, trade secret rights or other
intellectual property rights relating thereto in any and all countries. The Executive will disclose to the Company all pertinent
information and data which the Company deems necessary for the execution of all applications, specifications, oaths, assignments
and execute all instruments necessary to apply for and obtain such rights and in order to assign and convey to the Company, its
successors, assigns, and nominees, the sole and exclusive right, title and interest in and to such Inventions, and any copyrights,
patents, mask work rights, or other intellectual property rights relating thereto. The Executive further agrees that the Executive's
obligation to execute or cause to be executed, when it is in the Executive's power to do so, any such instrument or papers shall
continue after the termination of this Agreement. If the Company is unable, because of the Executive's mental or physical incapacity
or for any other reason, to secure his signature to apply for or to pursue any application for any patents or copyright registrations
covering the Inventions assigned to the Company as above, then the Executive hereby irrevocably designates and appoints the Company
and its duly authorized officers and agents as his agent and attorney in fact, to act for and in the Executive's behalf and stead
to execute and file any such applications and to do all other lawfully permitted acts to further the prosecution and issuance of
letters, patent or copyright registrations thereon with the same legal force and effect as if executed by the Executive.


 






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13.Alternative
Dispute Resolution.


 


Except with respect
to any proceeding brought under Section 7 hereof, the Company and Executive mutually agree that any controversy or claim arising
out of or relating to this Agreement or the breach thereof, or any other dispute between the parties, shall be submitted to mediation
before a mutually agreeable mediator, which cost is to be borne equally by the parties hereto. In the event the Parties fail to
agree on a mediator, or mediation is unsuccessful in resolving the claim or controversy within one (1) month after the commencement
of mediation, such claim or controversy shall be resolved by arbitration in Hong Kong. Any dispute, controversy, difference or
claim arising out of or relating to this Agreement, including the existence, validity, interpretation, performance, breach or termination
thereof or any dispute regarding non-contractual obligations arising out of or relating to it shall be referred to and finally
resolved by arbitration administered by the Hong Kong International Arbitration Centre (HKIAC) under the UNCITRAL Arbitration
Rules in force when the Notice of Arbitration is submitted , as modified by the HKIAC Procedures for the Administration of International
Arbitration. The law of this arbitration clause shall be Hong Kong law. The seat of arbitration shall be in Hong Kong. The number
of arbitrators shall be one. The arbitration proceedings shall be conducted in English.


 


14.Miscellaneous.


 


14.1Continuing
Obligations. The obligations in this Agreement will continue in the event that the Executive is hi red, renders services to
or for the benefit of or is otherwise retained at any time by any present or future Affiliates of the Company. Any reference to
the Company in this Agreement will include such Affiliates. Upon the expiration or termination for any reason whatsoever of this
Agreement, the Executive shall forthwith resign from any employment of office with an Affiliate of the Company unless the board
of directors of the Company requests otherwise.


 


14.2Notification.
The Executive hereby authorizes the Company to notify his actual or future employers of the terms of this Agreement and his responsibilities
hereunder.


 


14.3Name and
Likeness Rights. The Executive hereby authorizes the Company to use, reuse, and to grant others the right to use and reuse,
his name, photograph, likeness (including caricature), voice, and biographical information, and any reproduction or simulation
thereof, in any media now known or hereafter developed (including but not limited to film, video and digital or other electronic
media), both during and after his employment, for whatever purposes the Company deems necessary.


 






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14.4Injunctive
Relief. The Executive understands that in the event of a breach or threatened breach of this Agreement by him, the Company
may suffer irreparable harm and will therefore be entitled to injunctive relief to enforce this Agreement.


 


14.5Entire Agreement.
This Agreement, including the exhibits attached hereto, is intended to be the final, complete, and exclusive statement regarding
their subject matter, except for other agreements specifically referenced herein. Unless otherwise specifically provided for herein,
this Agreement supersedes all other prior and contemporaneous agreements and statements pertaining to this subject matter, and
may not be contradicted by evidence of any prior or contemporaneous statements or agreements. To the extent that the practices,
policies, or procedures of the Company, now or in the future, apply to the Executive and are inconsistent with the terms of this
Agreement, the provisions of this Agreement shall control.


 


14.6Amendments,
Renewals and Waivers. This Agreement may not be modified, amended, renewed or terminated except by an instrument in writing,
signed by the Executive and by a duly authorized representative of the Company other than the Executive. No failure to exercise
and no delay in exercising any right, remedy, or power under this Agreement shall operate as a waiver thereof, nor shall any single
or partial exercise of any right, remedy, or power under this Agreement preclude any other or further exercise thereof, or the
exercise of any other right, remedy, or power provided herein or by law or in equity.


 


14.7Assignment;
Successors and Assigns. The Executive agrees that he will not assign, sell, transfer, delegate or otherwise dispose of, whether
voluntarily or involuntarily, or by operation of law, any rights or obligations under this Agreement, nor shall the Executive's
rights be subject to encumbrance or the claims of creditors. Any purported assignment, transfer, or delegation shall be null and
void. Nothing in this Agreement shall prevent the consolidation of the Company with, or its merger into, any other corporation,
or the sale by the Company of all or substantially all of its properties or assets, or the assignment by the Company of this Agreement
and the performance of its obligations hereunder to any successor in interest. In the event of a change in ownership or control
of the Company, the terms of this Agreement will remain in effect and shall be binding upon any successor in interest. Notwithstanding
and subject to the foregoing, this Agreement shall be binding upon and shall inure to the benefit of the parties and their respective
heirs, legal representatives, successors, and permitted assigns, and shall not benefit any person or entity other than those enumerated
above.


 


14.8Indemnification.
The Company shall indemnify the Executive, to the maximum extent permitted by applicable law, against all costs, charges and
expenses incurred or sustained by the Executive in connection with any action, suit or proceeding to which he may be made a party
by reason of being an officer, director or employee of the Company or of any subsidiary or affiliate of the Company or any other
corporation for which the Executive serves in good faith as an officer, director, or employee. The Company will cover Executive
under its directors and officers liability insurance in the same amount and to the same extent as the Company covers its other
officers and directors.


 






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14.9Notices.
All notices and other communications given or made pursuant hereto shall be in writing and shall be deemed to have been duly given
or made as of the date delivered or mailed if delivered personally or by nationally recognized courier or mailed by registered
mail (postage prepaid, return receipt requested) or by telecopy to the parties at the following addresses (or at such other address
for a party as shall be specified by like notice, except that notices of changes of address shall be effective upon receipt):


 


	To:	Company
	Contact Address:	Takung Art Co., Ltd
	 	Flat 03-04, 20/F, Hutchinson House, 10 Harcourt Road, Central
	 	Hong Kong
	Attention:	Di Xiao, Chief Executive Officer
	 	 
	To:	Executive
	Contact Address:	c/o HongKong Takung Assets and Equity of Artworks Exchange Co., Ltd.
	 	59C, Tower 2, Banyan Garden, Lai Chi Kok, Kowloon, Hong Kong
	 	 
	Attention:	Chun Hin Leslie Chow


 


14.1 1Waiver
of Immunity. To the extent that any Party (including its assignees of any such rights or obligations hereunder) may be entitled,
in any jurisdiction, to claim for itself (or himself or herself) or its revenues or assets or properties, immunity from service
of process, suit, the jurisdiction of any court, an interlocutory order or injunction or the enforcement of the same against its
property in such court, attachment prior to judgment, attachment in aid of execution of an arbitral award or judgment (interlocutory
or final) or any other legal process, and to the extent that, in any such jurisdiction there may be attributed such immunity (whether
claimed or not), such Party hereby irrevocably waives such immunity.


 


14.1 2Severability;
Enforcement. If any provision of this Agreement, or its application to any person, place, or circumstance, is held by an arbitrator
or a court of competent jurisdiction to be invalid, unenforceable, or void, such provision shall be enforced (by blue-penciling
or otherwise) to the maximum extent permissible under applicable law, and the remainder of this Agreement and such provision as
applied to other persons, places, and circumstances shall remain in full force and effect.


 


14.13Governing
Law. This Agreement shall in all respects be construed and enforced in accordance with and governed by the laws of Hong Kong,
without regard to principles of conflict of laws.


 


14.14Interpretation.
This Agreement shall be construed as a whole, according to its fair meaning, and not in favor of or against any party. Sections
and section headings contained in this Agreement are for reference purposes only, and shall not affect in any manner the meaning
or interpretation of this Agreement. Whenever the context requires, references to the singular shall include the plural and the
plural the singular. References to one gender include both genders.


 


14.15Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall be deemed an original of this Agreement, but
all of which together shall constitute one and the same instrument.


 






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EXECUTIVE ACKNOWLEDGEMENT.
The Executive acknowledges (i) that he has consulted with or has had the opportunity to consult with independent counsel of his
own choice concerning this Agreement and has been advised to do so by the Company, and (ii) that he has read and understands the
Agreement, is fully aware of its legal effect, and has entered i nto it freely based on his own judgment. The Executive hereby
agrees that his obligations set forth in Sections 7, 8, and 9 hereof and the definitions of Proprietary Information and Inventions
contained therein shall be equally applicable to Proprietary Information and Inventions relating to any work performed by the Executive
for the Company prior to the execution of this Agreement.


 


The parties have duly
executed this Agreement as of the date first written above.


 





	 	EXECUTIVE:
	 	 
	 	 
	 	 
	 	Name: Chun Hin Leslie Chow
	 	 
	 	 
	 	COMPANY:
	 	 
	 	Takung Art Co., Ltd
	 	 
	 	By:	 
	 	Name:	Di Xiao
	 	Title:	Chief Executive Officer
	 	 	 


 


 



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EXHIBIT B


 


LIST OF PRIOR INVENTIONS


AND ORIGINAL WORKS OF AUTHORSHIP


 


 


	 	Title	Date	Identifying Number or Brief Description 


 


 


	 	 	 
		 	No inventions or improvements
		 	Additional Sheet Attached


 


 


Signature of Executive ______________________


Printed Name of Executive __________________


Date: ___________________________________


 


 


 



    	 	13	 



     


    




 


EXHIBIT A


 


TERMINATION CERTIFICATE


 


This is to certify that I have returned
all property of Takung Art Co., Ltd. (the "Company") and the Relevant Parties, including, without limitation, all books,
manuals, records, models, drawings, reports, notes, contracts, lists,blueprints, and other documents and materials, electronic
data recorded or retrieved by any means, Proprietary Information, and equipment furnished to or prepared by me in the course of
or incident to my employment with the Company, and that I did not make or distribute any copies of the foregoing.


 


I further certify that I have reviewed
the Executive Employment Agreement (the "Agreement") signed by me and that I have complied with and will continue to
comply with all of its terms, including, without limitation, (i) the reporting of any Inventions or any improvement, rights, or
claims related to the foregoing, conceived or developed by me and covered by the Agreement; (ii) the preservation as confidential
of all Proprietary Information pertaining to the Company and the Relevant Parties; (iii) not participating in any business competitive
with the business of the Company; (iv) not acting as the legal representative or an executive officer of any other company within
and outside Hong Kong, and (v) the reporting of any remuneration paid to me due to any employment or self-employment during the
severance period, if any. This certificate in no way limits my responsibilities or liabilities to the Company or the Company's
rights under the Agreement.


 


On termination of my employment with the Company, I will
be employed by (name of new employer) in the (division name) division and I will be working in connection with the following
projects:


 


[generally describe the projects]


 


	 	 
	 	 
	 	 
	 	 


 


 





	 	 	 	 	 
	Date:	 	 	Print Executive’s Name	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	Executive’s Signature	 
	 	 	 	 	 


 


 



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