Exhibit 10.1


Employment Contract
– Yuebiao Li


 





BETWEEN: Yantai Jinzheng Eco-Technology Co., Ltd., a company
legally incorporated under the laws of People’s Republic of China, having a mailing address at Ruida Road, Laishan Economic
Development Zone, Yantai City, Shandong Province, acting and represented herein by Mr. Yuebiao Li, Legal Representative,
declaring duly authorized, (hereinafter called the “COMPANY”)







 


AND:  Yuebiao Li, residing at Taiwan
Village, Yantai City (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 a term of 36 months, namely from 1st November
2017 to 31th October 2020, and it is terminated upon expiration of the term unless the Parties enter into a new employment contract
prior to its expiration.


 






     

     


    

 


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 change to the
legal representative, company name, 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 660,000 annually calculated at the rate
of twelve (12) equal monthly installments consecutively of RMB 55,000 each.


 






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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.


 


4.3 Bonus


 


Executive will be eligible to receive an annual bonus based
on annual profit of COMPANY, according to the resolution of board of directors. The board of directors shall have the sole discretion
to determine whether Executive is entitled to any such bonus and to determine the amount of any such 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:


 


5.1 keep confidential and not disclose the information;


 


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


 


5.3 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.


 






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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.


 


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 both
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 Yantai 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 YANTAI, SHANDONG PROVINCE. 


 






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Yantai Jinzheng Eco- Technology Co., Ltd.







 


	Yantai Jinzheng Eco-Technology Co., Ltd.	 
	(Seal)	 


 


Yuebiao Li





	
        /s/ Yuebiao Li 
	 
	(Signature)	 


 


Date: November 24, 2017


 


 


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