Exhibit 10.1


 





Employment Contract
– Zhili Wang


 


BETWEEN:  Shandong
Taiying Technology Co., Ltd., a company legally incorporated under the laws of People’s Republic of China, having a mailing
address at No.1366, Zhongtianmen Street, High-tech Zone, Tai’an City, acting and represented herein by Mr. Zhili
Wang, Legal Representative, declaring duly authorized, (hereinafter called the "COMPANY")


 


AND:   Mr. Zhili Wang,
residing in Ji’nan 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 an initial term of 36
months, namely from January 3, 2016 to January 2, 2019, 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 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 1,1520,000
annually calculated at the rate of twelve (12) equal monthly installments consecutively of RMB 96,000 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 86.81% of the base salary (the “Target Bonus”), subject to achieving Company and individual
performance goals, established by the Compensation Committee in consultation with the Executive. The Compensation Committee shall
have the sole discretion to determine whether Executive is entitled to any such bonus and to determine the amount of any such bonus.
Such bonus will be pro-rated for partial year of service.


 


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.


 






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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 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 Taian 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.


 






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IN THE CITY OF TAIAN, SHANDONG PROVINCE, 


 





	Shandong Taiying Technology Co., Ltd.	 
	(Seal) 	 
	 	 
	/s/ Gary Wang	 
	(Signature)	 







 


 


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