Exhibit 10.7





EMPLOYMENT
CONTRACT 


 


COMPANY:


 


WUHAN SHENGSHI LEJU
E-COMMERCE INFORMATION CO., LTD.


 


EMPLOYEE:


 


LI JIANBAO


 


FILE NO.


  


	Company:	 
	 	 
	Name of Employer:	
        WUHAN SHENGSHI LEJU E-COMMERCE INFORMATION
CO., LTD. 

	 	 
	Legal Representative:	Zheng Wei
	 	 
	Legal Address:	23F, BLDG 4, Fanhai International SOHO Town, Jianghan District, Wuhan, P.R.China
	 	 
	Telephone No.	027-83668638


  


	Employee:	 
	 	 
	Name of Employee:	Li Jianbao
	 	 
	ID Card No.	410621198005141513
	 	 
	Domicile:	23/F., Block 4, Oceanwide International SOHO Town, Jianghan District, Wuhan, P.R.China 43000


 




     


     


    

 


The
Company and the Employee enter into this Contract and establish employment relations on the basis of equal and voluntary agreement
and in accordance with the Labor Law of the People’s Republic of China ,the Labor Contract Law of the People’s Republic
of China (hereinafter “China” or the “PRC”) and the provisions of other relevant laws and
regulations.


 


		1.	TERM OF CONTRACT



 


1.1.      Fixed terms: from _Nov.
3, 2014___ (M/D/Y) to __Nov. 4, 2016___ (M/D/Y). The probationary period is __one_____month.


 


1.2.      Open terms: effective on
_______________ (M/D/Y)


 


1.3.      Contract period depending
upon the completion of agreed assignment. The assignment is _________.


 


1.4.      The employment is conditional
upon the truthful representation of the Employee’s background, education, qualifications, employment, and experiences. In
the event that the Employee, in order to be employed by the Employer, has made any material misrepresentation, used falsified documents,
or failed to provide relevant proof and certificates required under the hiring procedures or failed to disclose any material information
of the Employee including without limitation such Employee's medical history of serious illness, and the Company may deem such
act as fraud under relevant laws and regulations and/or that the hiring requirements have not been met and in such event, the Company
may terminate this Contract.


 


		2.	JOB DESCRIPTION



 


2.1.      The
Company agrees to employ the Employee in the position of COO .


 


2.2.      The
Company reserves the rights to make reasonable adjustment(s) or change(s) to the position of the Employee based on the actual needs
of the Company and the Employee’s performance. The Employee should not reject the adjustment(s) or change(s) without any
justified reason.


 


2.3.      The
Employee should complete the work assigned by the Company on time and be evaluated accordingly.


 


		3.	BENEFITS AND VACATION



 


3.1.      The
Employee is to work under the standard working hours system, which requires to work for no more than 8 hours
every day and 40 hours every month.


 




    - 2 - 


     


    

 


3.2.      The
Company reserves the rights to make reasonable adjustment(s) or change(s) to the working time of the Employee based on the actual
needs of the Company and the Employee should be subject to the arrangement.


 


3.3.      The
Employee is entitled to public holidays and paid annual leave pursuant to the Employee Manual adopted by Company which shall be
in line with the relevant laws and regulations.


 


		4.	REMUNERATION



 


4.1.      The
amount of labour remuneration shall be determined with respect to the employee’s position, skills, performance and other
factors. Over the course of contract, the labour remuneration includes base salary, post salary, performance salary and other allowances.
The Company reserves the rights to make reasonable adjustment(s) or change(s) to the salary structure based on the state of operation
, the general level of salary in the industry, the performance performance and other factors. The Employee should be subject to
the arrangement.


 


4.2.      The salary is payable on 15th. every month. The Employee shall pay individual income tax as required by law.
The Company shall, according to law, withhold the individual income tax from the Employee’s monthly salary to pay to relevant
tax authority on behalf of the Employee.


 


4.3.      The Company shall pay the employee premium pay pursuant to the relevant provisions of the State if the Company requires
the employee to work overtime or work on weekends or on holidays. However, the Company shall not pay the employee overtime pay
or allow compensatory leave for overtime work which is not assigned or permitted by the Company.


 


4.4.      The Company shall give
a termination letter to terminate this Contract and the Employee shall hand the job over within proper time. The Company reserves
the rights not to pay the salary for the last month or the compensation entitled according to the relevant laws and regulations
until the job handover is completed.


 


		5.	SOCIAL INSURANCE



 


5.1.      The Company shall contribute social security premiums for the Employee pursuant to the law. The portion to be contributed
by the Employee will be withheld by the Company from Employee’s monthly salary and deposited in the relevant social insurance
funds and the housing fund.


 


5.2.      The Company shall fulfill
the formalities of transferring files and social insurance upon the rescission or termination of the labour contract.


 




    - 3 - 


     


    

 


		6.	EMPLOYMENT PROTECTION AND CONDITION



 


6.1.      The Company shall provide
safe and clean working environment in accordance with relevant laws and regulations. If there is any danger or special risks in
relation to the working environment of the Employee, the Company shall take specific protective measures, and provide specific
training to the Employee.


 


6.2.      The Company shall provide
training on workplace safety, rules and regulations, operation guidelines and professional techniques. The employee shall participate
in the training and must strictly comply with company policy, rules and guidelines.


 


6.3.      The Company shall inform
the employee of all the occupational hazards involved in the work and require the employee to undergo pre- and post-employment
physical examinations. Over the course of the contract, the Company shall provide physical examinations on a regular basis.


 


		7.	COMMERCIAL
SECRETS, INTELLECTUAL PROPERTY AND NON-COMPETITION



 


7.1.     The Employee acknowledges that all Inventions created by him/her (solely or jointly with others), to the extent permitted
by applicable law, are “works made for hire” or “inventions made for hire,” as those terms may be defined
in the PRC Copyright Law, the PRC Patent Law and the Regulations on Computer Software Protection, respectively, and all titles,
rights and interests in or to such Inventions are or shall be vested in the Company.


 


7.2.      During the term of employment and after termination, the employee shall hold in the strictest confidence, and not to use,
except for the benefit of the Company, or to disclose to any person, corporation or other entity without written consent of the
Company, any Confidential Information. “Confidential Information” means any proprietary or confidential information
of the Company , its affiliates, their clients, customers or their partners, and the Company’s licensors, including, without
limitation, technical data, trade secrets, research and development information, product plans, services, customer lists and customers
, supplier lists and suppliers, software, developments, inventions, processes, formulas, technology, designs, drawings, engineering,
hardware configuration information, personnel information, marketing, finances or other business information. Where the employee
violates the provisions and causes the Company to suffer damages, the employee shall pay a compensation ten times the losses .


 




    - 4 - 


     


    

 


		8.	MODIFICATION, TERMINATION AND EXPIRATION OF THE LABOR CONTRACT



 


8.1.      The Company maintains the
right to terminate this Contract and dismiss the Employee without prior notice under any of the following circumstances:


 


		(a)	when the Employee does not meet the conditions for employment
during the probationary period;



 


		(b)	the Employee is held criminally or administratively liable
in accordance with the relevant laws or administrative regulations;



 


		(c)	when the Employee commits a serious breach of labor discipline
or of the rules or policies or ethical code of the Company (“Company Rules”); such Company Rules will be signed
by the Employee for acknowledgement within one month after signing this Contract and updated by the Company in a form of public
notice from time to time);



 


		(d)	when the Employee is negligent or is involved in improper
financial dealings, thus causing serious harm to the interests of the Company;



 


		(e)	when the Employee is concurrently involved in any employment
relationship with any other employer, which causes severe effect on the performance of his/her own duties to the Company, or refuses
to make correction in a fixed term as required by the Employer; or



 


		(f)	when this Contract is deemed invalid due to circumstances
under Article 1.4 and Article 8 of this Contract, or because this Contract was entered into with fraud of the part of Employee.



 


8.2.The Company maintains the
right to terminate this Contract in accordance with relevant PRC laws and regulations prior to the expiration date of this Contract
by giving to the Employee a thirty (30) day written notice or compensation of one (1) month in lieu of such notice under any of
the following circumstances:


 


		(a)	when, due to illness or non-work-related injuries, the
Employee is unable to perform his or her original duties or is unable to perform appropriate alternative duties when a statutory
medical treatment period has ended;



 


		(b)	when the Employee is incompetent in performing his or her
duties, provided that training has been provided to the Employee or adjustments have been made to the Employee’s position;



 


		(c)	when there are changes in the circumstances which were
relied upon by the Parties at the time of signing, causing this Contract impossible to perform, and the two Parties are unable
to negotiate and agree upon any amendments to this Contract;



 




    - 5 - 


     


    

 


		(d)	when the Company encounters serious operational difficulties
and lay off employees in accordance with law.



 


8.3.      The Employee may terminate
this Contract after giving a thirty (30)-day prior written notice to the Company.


 


		9.	LABOR DISPUTES



 


Labor disputes under this Contract
shall be resolved as follows:


 


		(a)	consultation between the Employee and the Company;



 


		(b)	if no resolution is made through consultation within thirty
(30) days, the dispute shall be settled with the competent Employment Dispute Arbitration Commission in Wuhan;



 


		(c)	In case either party is not satisfied with the arbitral
award, it may file a law suit with the competent People’s Court within fifteen (15) days from receipt of the arbitral award.



 


		10.	GOVERNING LAW



 


This Contract and the rights and
duties of the Parties hereunder shall be governed by and construed and enforced in accordance with the PRC laws, without regard
to principles of conflicts of laws.


 


		11.	MISCELLANEOUS



 


		1.1	The Employee represents that, prior to signing this Contract,
the Employee has read, fully understands and voluntarily agrees to the terms and conditions as stated above, that the Employee
was not coerced to sign this Contract, the Employee was not under duress at the time the Employee signed this Contract, that,
by signing this Contract, the Employee will not violate the terms of any other agreement previously entered by the Employee and
that, prior to signing this Contract, the Employee had adequate time to consider entering into this Contract, including, without
limitation, the opportunity to discuss the terms and conditions of this Contract, as well as its legal consequences, with an attorney
of the Employee's choice.



 


		1.2	This Contract constitutes the entire understanding and
agreement between the Parties hereto with regard to the matters herein, and supersedes all prior communications, negotiations,
and agreements relating thereto. No modification or amendment of this Contract will be effective unless made in writing and signed
by both Parties.



 


		1.3	This Contract shall be made in two originals; each Party
shall hold one original copy.



 




    - 6 - 


     


    

 


[Follow by Execution Page]


 




    - 7 - 


     


    

 


Execution Page


 


The Parties are signing this Employment Contract
on the date stated in the introductory clause.


 


	EMPLOYER	
	 	 
		
	Authorized Representative:	
	ZHENG WEI	
	 	 
		
	Executed with the Corporate Seal	


 


	EMPLOYEE	
		



 


	Agreed by: 	LI Jianbao


 




    - 8 - 


     


    

 


CONTRACT RENEWAL 


(SHORT FORM)


 


		1.	This Employment Contract renewal is entered into by and
between these parties:



 





 


	EMPLOYER NAME:	Wuhan Shengshi Leju e-Commerce Information Co., Ltd
		
	OFFICE ADDRESS	____________________________________________________________
		
	OFFICE PHONE	_______________________  
	 	 
		
		
	EMPLOYEE NAME:	LI Jianbao
		
	HOME ADDRESS	_____________________________________________________________
		
	CELL PHONE	_______________________  


 


		2.	The Employment Contract between the parties is:



 





		þ	Renewed
on exactly the same terms



 


		 ̈	Renewed
on the same terms except for the following amendments:



  


		 	_______________________________________________________________________________



 


			__________________________



 





If the wage rate stated in the Employment
Contract is less than any increase in the applicable minimum wage that is implemented during the term of this contract, the new
minimum wage shall apply to work performed under this contract on and after the effective date of the increase.


 


		4.	The term of this contract renewal is a period of ___________________.








 


		





 





	EMPLOYER	 	EMPLOYEE
			
	 	 	 
	Authorized Representative:	 	Agreed by:
	ZHENG Wei	 	LI Jianbao







Executed with the Corporate Seal


 




    - 9 - 


     


    

CONFIDENTIALITY AGREEMENT


 


Party A (Employer):           Wuhan
Shengshi Leju e-Commerce Information Co., Ltd.


 


Party B (Employee):           LI
Jianbao


 


Whereas Party B obtains trade secret of Party
A, know-how, experience and techniques during the employment, this agreement is entered into by and between Party A and Party B
in compliance with equality, voluntariness, consensus, under the principle of good faith.


 


Article 1. Content and scope of confidentiality


 


It reaches mutual agreement by Party A and
Party B that trade secret of Party A includes but not limited to the information listed below:


 


		1.	Technical information: technical information includes but
not limited to technical proposal, engineering design, process flow, technical index, manuals and correspondence that includes
trade secret.



 


		2.	Operational data: Operational data includes but not limited
to client list, marketing plan, procurement data, pricing plan, undisclosed financial data, supplier list and production strategy.



 


		3.	Salary data: Party B shall not disclose personal salary
and benefit received.



 


		4.	Information that Party A is obliged not to disclose to
the public in accordance with law, regulation and other agreements.



 


		5.	Confidential information that Party B obtained during work,
exchange with other parties or any related data of Party A.



 


		6.	Any other information Party A identified as confidential.



 


Article 2. Confidential obligation


Party B has the following obligation regarding
trade secret of Party A


 


		1.	Party B shall not require trade secret that not related
to Party B’s work scope.






 


		2.	Party B shall not disclose trade secret to any third party.



 


		3.	Party B shall not help any third party (including other
employment of Party A) to acquire, use or plan to use trade secret of Party A, i.e. Party B shall not disclose confidential content
or trade secret to internal colleagues or external parties unless there is a clear instruction by Party A to share such information
to an extent according to the business needs.



 


		4.	Party B shall not organize or participate in any enterprise
or event that compete with Party A during the period of employment. After the termination of Party B’s employment, Party
B shall not directly or indirectly persuade employees with the access to trade secret to leave Party A.



 


		5.	Party B shall not allow (Lending, bestowal, leasing or
transfer) or assist any third party to use the trade secret of Party A.



 


		6.	Party B shall not use or plan to use for own interest.



 


		7.	Party B shall not duplicate or publish files, correspondence,
originals, copies, disks or other medium contain trade secret of Party A.



 




    - 10 - 


     


    

 


		8.	Party B shall handle work files with due care and not to
use them outside work environment.



 


		9.	Party B shall file and report the ideas, inventions and
related technologies during the employment to Party A and agree with the ownership and rights belonged to Party A.



 


		10.	Party B shall not use trade secret or confidential information
of Party A through ways it prohibits.



 


Article 3. Confidentiality period


 


Party A and Party B shall confirm that the
confidentiality obligation of Party B shall be from the date of signature of Party A and the date of signature of Party B until
the above-mentioned trade secret is made public or known to the public. Party B's obligation of confidentiality is not exempt from
the termination or end of the labor contract.


 


Article 4. Breach of responsibility


 


Party A and Party B agrees to follow the standards
outlined below if Party B violates obligations and cause loss to Party A.


 


		1.	If Party B violates the obligations regarding to confidentiality,
Party B shall compensate Party A 10,000 RMB in a lump sum.



 


		2.	If Party B’s wrong-doing cause the loss of Party
A, Party B are liable to payback the loss according to the following standards:



 


		a)	The compensation should be the actual loss caused by Party
B, including the cost of development of trade secret, decrease in sales caused by Party B and decrease in profit relies on that
trade secret.



 


		b)	If the loss is hard to calculate according to a), it could
be calculated equal to the profit of Party B because of the violation of the obligations.



 


		c)	Party B shall bear the reasonable cost that Party A paid
for the investigation into Party B’s violation.



 


		d)	The violation of trade secret of Party A can be compensated
according to this agreement or relative laws and regulations.



 


		3.	If the violation of the Party A’s trade secret leads
to material loss, Party A could pass on the case to the law enforcement agencies according to the laws of P.R.C.



 


		4.	If Party B violates the confidentiality, Party A could
claim compensation from Party B to the extent of the termination of labor contract. Under this circumstance, Party B has no rights
to claim any economic reimbursement or compensation, and should bear the responsibility of payback any loss of Party A.



 


		5.	The salary and welfare that Party A pays to Party B includes
the part for duty of confidentiality, therefore Party A bears no other fees or compensation during the period of labor contract
and after its termination regarding to the duty of confidentiality.



 


Article 5. Resolution of disagreements


 


If there are any disagreement regarding to
this agreement, Party A and Party B could settle themselves or reach conciliation through third party. If any of the parties does
not communicate, conciliate or reach resolution, any party could take legal action to the court at Party A’s registration
area.


 




    - 11 - 


     


    

 


Article 6. Any changes to this agreement should
be based on the written agreement of both parties. The change or nullity of this agreement does not affect other parts of this
agreement.


 


Article 7. This agreement contains two original
copies and belong to Party A and Party B respectively. This agreement takes effect on the date undersigned.


 


Article 8. The location of this signed contract:
 


 


Article 9. Both Party A and Party B confirm
that the thorough reading and understanding of the Confidentiality Agreement. Both parties have no doubts to the items listed above
and undersign.


 


	Party A		Party B
	(Stamp)		(Stamp)
	 	 	 
			
	Date:		Date:


 




    - 12 -