Exhibit 10.2


 


FORM OF EMPLOYMENT
AGREEMENT


 


This
EMPLOYMENT AGREEMENT (the “Agreement”) is entered into as of        ,
20     by and between Ebang International Holdings Inc., a company incorporated and existing under the laws
of the Cayman Islands (the “Company”) and          ([Passport/ID] Number        
), an individual (the “Executive”). The term “Company” as used herein with respect to all obligations
of the Executive hereunder shall be deemed to include the Company and all of its direct or indirect parent companies, subsidiaries,
affiliates, or subsidiaries or affiliates of its parent companies (collectively, the “Group”).


 


RECITALS


 


A. The Company desires to employ the
Executive and to assure itself of the services of the Executive during the term of Employment (as defined below).


 


B. The Executive desires to be employed
by the Company during the term of Employment and under the terms and conditions of this Agreement.


 


AGREEMENT


 


The parties hereto
agree as follows:


 


		1.	POSITION



 


The Executive
hereby accepts a position of        (the “Employment”) of the Company.


 


		2.	TERM



 


Subject to the terms and conditions
of this Agreement, the initial term of the Employment shall be        years, commencing
on        , 20        (the “Effective
Date”), until        , 20        unless
terminated earlier pursuant to the terms of this Agreement. Upon expiration of the initial        -year
term, the Employment shall be automatically extended for successive one-year terms unless either party gives the other
party hereto a prior written notice to terminate the Employment prior to the expiration of such one-year term or unless
terminated earlier pursuant to the terms of this Agreement.


 


		3.	DUTIES AND RESPONSIBILITIES



 


The Executive’s duties
at the Company will include all jobs assigned by the Company’s Chief Executive Officer. If the Executive is the Chief Executive
Officer of the Company, the Executive’s duties will include all jobs assigned by the Board of Directors of the Company (the
“Board”).


 


The Executive shall devote all
of his/her working time, attention and skills to the performance of his/her duties at the Company and shall faithfully and diligently
serve the Company in accordance with this Agreement and the guidelines, policies and procedures of the Company approved from time
to time by the Board.


 


The Executive shall use his/her
best efforts to perform his/her duties hereunder. The Executive shall not, without the prior written consent of the Board, become
an employee of any entity other than the Company and any subsidiary or affiliate of the Company, and shall not be concerned or
interested in the business or entity that competes with that carried on by the Company (any such business or entity, a “Competitor”),
provided that nothing in this clause shall preclude the Executive from holding any shares or other securities of any Competitor
that is listed on any securities exchange or recognized securities market anywhere. The Executive shall notify the Company in
writing of his/her interest in such shares or securities in a timely manner and with such details and particulars as the Company
may reasonably require.


 






     


     


    

 


		4.	NO BREACH OF CONTRACT



 


The Executive
hereby represents to the Company that: (i) the execution and delivery of this Agreement by the Executive and the performance
by the Executive of the Executive’s duties hereunder shall not constitute a breach of, or otherwise contravene, the terms
of any other agreement or policy to which the Executive is a party or otherwise bound, except for agreements that are required
to be entered into by and between the Executive and any member of the Group pursuant to applicable law of the jurisdiction where
the Executive is based, if any; (ii) that the Executive has no information (including, without limitation, confidential information
and trade secrets) relating to any other person or entity which would prevent, or be violated by, the Executive entering into
this Agreement or carrying out his/her duties hereunder; and (iii) that the Executive is not bound by any confidentiality,
trade secret or similar agreement (other than this) with any other person or entity except for other member(s) of the Group, as
the case may be.


 


		5.	LOCATION



 


The Executive
will be based in        , China or any other location as requested by the Company during
the term of this Agreement.


 


		6.	COMPENSATION AND BENEFITS



 


		a)	Cash Compensation. The
                                         Executive’s cash compensation (inclusive of the statutory welfare reserves that
                                         the Company is required to set aside for the Executive under applicable law) shall be
                                         provided by the Company pursuant to Schedule A hereto, subject to annual
                                         review and adjustment by the Company or the compensation committee of the Board (or the
                                         Board itself, before the formation of the compensation committee).



 


		b)	Equity Incentives. To
                                         the extent the Company adopts and maintains a share incentive plan, the Executive will
                                         be eligible for participating in such plan pursuant to the terms thereof as determined
                                         by the Company.



 


		c)	Benefits. The Executive
                                         is eligible for participation in any standard employee benefit plan of the Company that
                                         currently exists or may be adopted by the Company in the future, including, but not limited
                                         to, any retirement plan, and travel/holiday policy.



 






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		7.	TERMINATION OF THE AGREEMENT



 


		a)	By the Company. The
                                         Company may terminate the Employment for cause, at any time, without advance notice or
                                         remuneration, if (i) the Executive is convicted or pleads guilty to a felony or
                                         to an act of fraud, misappropriation or embezzlement, (ii) the Executive has been
                                         negligent or acted dishonestly to the detriment of the Company, (iii) the Executive
                                         has engaged in actions amounting to misconduct or failed to perform his/her duties hereunder
                                         and such failure continues after the Executive is afforded a reasonable opportunity to
                                         cure such failure, (iv) the Executive has died, or (v) the Executive has a
                                         disability which shall mean a physical or mental impairment which, as reasonably determined
                                         by the Board, renders the Executive unable to perform the essential functions of his/her
                                         employment with the Company, even with reasonable accommodation that does not impose
                                         an undue hardship on the Company, for more than 180 days in any 12-month period,
                                         unless a longer period is required by applicable law, in which case that longer period
                                         would apply.



 


In addition, the
Company may terminate the Employment without cause, at any time, upon one-month prior written notice to the Executive.
Upon termination without cause, the Company shall provide the Executive with a severance payment in cash in an amount equal to
the Executive’s 3-month salary at the then current rate. Under such circumstance, the Executive agrees not to make any further
claims for compensation for loss of office, accrued remuneration, fees, wrongful dismissal or any other claim whatsoever against
the Company or its subsidiaries or the respective officers or employees of any of them.


 


		b)	By the Executive. If
                                         there is a material and substantial reduction in the Executive’s existing authority
                                         and responsibilities, the Executive may resign upon one-month prior written
                                         notice to the Company. In addition, the Executive may resign prior to the expiration
                                         of the Agreement if such resignation is approved by the Board or an alternative arrangement
                                         with respect to the Employment is agreed to by the Board.



 


		c)	Notice of Termination. Any
                                         termination of the Executive’s employment under this Agreement shall be communicated
                                         by written notice of termination from the terminating party to the other party. The notice
                                         of termination shall indicate the specific provision(s) of this Agreement relied upon
                                         in effecting the termination.



 


		8.	CONFIDENTIALITY AND NONDISCLOSURE



 


		a)	Confidentiality and Non-disclosure. In
                                         the course of the Executive’s services, the Executive may have access to the Company
                                         and/or the Company’s customer/supplier’s and/or prospective customer/supplier’s
                                         trade secrets and confidential information, including but not limited to those embodied
                                         in memoranda, manuals, letters or other documents, computer disks, tapes or other information
                                         storage devices, hardware, or other media or vehicles, pertaining to the Company and/or
                                         the Company’s customer/supplier’s and/or prospective customer/supplier’s
                                         business. All such trade secrets and confidential information are considered confidential.
                                         All materials containing any such trade secret and confidential information are the property
                                         of the Company and/or the Company’s customer/supplier and/or prospective customer/supplier,
                                         and shall be returned to the Company and/or the Company’s customer/supplier and/or
                                         prospective customer/supplier upon expiration or earlier termination of this Agreement.
                                         The Executive shall not directly or indirectly disclose or use any such trade secret
                                         or confidential information, except as required in the performance of the Executive’s
                                         duties in connection with the Employment, or pursuant to applicable law.



 






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		b)	Trade Secrets. During
                                         and after the Employment, the Executive shall hold the Trade Secrets in strict confidence;
                                         the Executive shall not disclose these Trade Secrets to anyone except other employees
                                         of the Company who have a need to know the Trade Secrets in connection with the Company’s
                                         business. The Executive shall not use the Trade Secrets other than for the benefits of
                                         the Company.



 


“Trade
Secrets” means information deemed confidential by the Company, treated by the Company or which the Executive know or
ought reasonably to have known to be confidential, and trade secrets, including without limitation designs, processes, pricing
policies, methods, inventions, conceptions, technology, technical data, financial information, corporate structure and know-how, relating
to the business and affairs of the Company and its subsidiaries, affiliates and business associates, whether embodied in memoranda,
manuals, letters or other documents, computer disks, tapes or other information storage devices, hardware, or other media or vehicles.
Trade Secrets do not include information generally known or released to public domain through no fault of yours.


 


		c)	Former Employer Information. The
                                         Executive agrees that he or she has not and will not, during the term of his/her employment,
                                         (i) improperly use or disclose any proprietary information or trade secrets of any
                                         former employer or other person or entity with which the Executive has an agreement or
                                         duty to keep in confidence information acquired by Executive, if any, or (ii) bring
                                         into the premises of Company any document or confidential or proprietary information
                                         belonging to such former employer, person or entity unless consented to in writing by
                                         such former employer, person or entity. The Executive will indemnify the Company and
                                         hold it harmless from and against all claims, liabilities, damages and expenses, including
                                         reasonable attorneys’ fees and costs of suit, arising out of or in connection with
                                         any violation of the foregoing.



 


		d)	Third Party Information. The
                                         Executive recognizes that the Company may have received, and in the future may receive,
                                         from third parties their confidential or proprietary information subject to a duty on
                                         the Company’s part to maintain the confidentiality of such information and to use
                                         it only for certain limited purposes. The Executive agrees that the Executive owes the
                                         Company and such third parties, during the Executive’s employment by the Company
                                         and thereafter, a duty to hold all such confidential or proprietary information in the
                                         strictest confidence and not to disclose it to any person or firm and to use it in a
                                         manner consistent with, and for the limited purposes permitted by, the Company’s
                                         agreement with such third party.



 


This Section 8 shall survive
the termination of this Agreement for any reason. In the event the Executive breaches this Section 8, the Company shall have
right to seek remedies permissible under applicable law.


 


		9.	INVENTIONS



 


		a)	Inventions Retained and Licensed. The
                                         Executive has attached hereto, as Schedule B, a list describing all inventions,
                                         ideas, improvements, designs and discoveries, whether or not patentable and whether or
                                         not reduced to practice, original works of authorship and trade secrets made or conceived
                                         by or belonging to the Executive (whether made solely by the Executive or jointly with
                                         others) that (i) were developed by Executive prior to the Executive’s employment
                                         by the Company (collectively, “Prior Inventions”), (ii) relate to
                                         the Company’ actual or proposed business, products or research and development,
                                         and (iii) are not assigned to the Company hereunder; or, if no such list is attached,
                                         the Executive represents that there are no such Prior Inventions. Except to the extent
                                         set forth in Schedule B, the Executive hereby acknowledges that, if in the
                                         course of his/her service for the Company, the Executive incorporates into a Company
                                         product, process or machine a Prior Invention owned by the Executive or in which he has
                                         an interest, the Company is hereby granted and shall have a nonexclusive, royalty-free,
                                         irrevocable, perpetual, worldwide right and license (which may be freely transferred
                                         by the Company to any other person or entity) to make, have made, modify, use, sell,
                                         sublicense and otherwise distribute such Prior Invention as part of or in connection
                                         with such product, process or machine.



 






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		b)	Disclosure and Assignment of Inventions. The
                                         Executive understands that the Company engages in research and development and other
                                         activities in connection with its business and that, as an essential part of the Employment,
                                         the Executive is expected to make new contributions to and create inventions of value
                                         for the Company.



 


From and after
the Effective Date, the Executive shall disclose in confidence to the Company all inventions, improvements, designs, original
works of authorship, formulas, processes, compositions of matter, computer software programs, databases, mask works and trade
secrets (collectively, the “Inventions”), 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, during the period of the Executive’s Employment
at the Company. The Executive acknowledges that copyrightable works prepared by the Executive within the scope of and during the
period of the Executive’s Employment with the Company are “works for hire” and that the Company will be considered
the author thereof. The Executive agrees that all the Inventions shall be the sole and exclusive property of the Company and the
Executive hereby assign all his/her right, title and interest in and to any and all of the Inventions to the Company or its successor
in interest without further consideration.


 


		c)	Patent and Copyright Registration. The
                                         Executive agrees to assist the Company in every proper way to obtain for the Company
                                         and enforce patents, copyrights, mask work rights, trade secret rights, and other legal
                                         protection for the Inventions. The Executive will execute any documents that the Company
                                         may reasonably request for use in obtaining or enforcing such patents, copyrights, mask
                                         work rights, trade secrets and other legal protections. The Executive’s obligations
                                         under this paragraph will continue beyond the termination of the Employment with the
                                         Company, provided that the Company will reasonably compensate the Executive after such
                                         termination for time or expenses actually spent by the Executive at the Company’s
                                         request on such assistance. The Executive appoints the Secretary of the Company as the
                                         Executive’s attorney-in-fact to execute documents on the Executive’s
                                         behalf for this purpose.



 


		d)	Return of Confidential Material. In
                                         the event of the Executive’s termination of employment with the Company for any
                                         reason whatsoever, Executive agrees promptly to surrender and deliver to the Company
                                         all records, materials, equipment, drawings, documents and data of any nature pertaining
                                         to any confidential information or to his/her employment, and Executive will not retain
                                         or take with him or her any tangible materials or electronically stored data, containing
                                         or pertaining to any confidential information that Executive may produce, acquire or
                                         obtain access to during the course of his/her employment.



 


This Section 9 shall
survive the termination of this Agreement for any reason. In the event the Executive breaches this Section 9, the Company
shall have right to seek remedies permissible under applicable law.


 






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		10.	CONFLICTING EMPLOYMENT.



 


The Executive
hereby agrees that, during the term of his/her employment with the Company, he will not engage in any other employment, occupation,
consulting or other business activity related to the business in which the Company is now involved or becomes involved during
the term of the Executive’s employment, nor will the Executive engage in any other activities that conflict with his/her
obligations to the Company without the prior written consent of the Company.


 


		11.	NON-COMPETITION AND NON-SOLICITATION



 


In consideration
of the compensation provided to the Executive by the Company hereunder, the adequacy of which is hereby acknowledged by the parties
hereto, the Executive agree that during the term of the Employment and for a period of two years following the
termination of the Employment for whatever reason:


 


		a)	The Executive will not approach clients,
                                         customers or contacts of the Company or other persons or entities introduced to the Executive
                                         in the Executive’s capacity as a representative of the Company for the purposes
                                         of doing business with such persons or entities which will harm the business relationship
                                         between the Company and such persons and/or entities;



 


		b)	unless expressly consented to by the
                                         Company, the Executive will not assume employment with or provide services as a director
                                         or otherwise for any Competitor, or engage, whether as principal, partner, licensor or
                                         otherwise, in any Competitor; and



 


		c)	unless expressly consented to by the
                                         Company, the Executive will not seek directly or indirectly, by the offer of alternative
                                         employment or other inducement whatsoever, to solicit the services of any employee of
                                         the Company employed as at or after the date of such termination, or in the year preceding
                                         such termination.



 


The provisions contained in Section 11
are considered reasonable by the Executive and the Company. In the event that any such provisions should be found to be void under
applicable laws but would be valid if some part thereof was deleted or the period or area of application reduced, such provisions
shall apply with such modification as may be necessary to make them valid and effective.


 


This Section 11 shall survive
the termination of this Agreement for any reason. In the event the Executive breaches this Section 11, the Executive acknowledges
that there will be no adequate remedy at law, and the Company shall be entitled to injunctive relief and/or a decree for specific
performance, and such other relief as may be proper (including monetary damages if appropriate). In any event, the Company shall
have right to seek all remedies permissible under applicable law.


 






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		12.	WITHHOLDING TAXES



 


Notwithstanding
anything else herein to the contrary, the Company may withhold (or cause there to be withheld, as the case may be) from any amounts
otherwise due or payable under or pursuant to this Agreement such national, provincial, local or any other income, employment,
or other taxes as may be required to be withheld pursuant to any applicable law or regulation.


 


		13.	ASSIGNMENT



 


This Agreement
is personal in its nature and neither of the parties hereto shall, without the consent of the other, assign or transfer this Agreement
or any rights or obligations hereunder; provided, however, that (i) the Company may assign or transfer this Agreement or
any rights or obligations hereunder to any member of the Group without such consent, and (ii) in the event of a merger, consolidation,
or transfer or sale of all or substantially all of the assets of the company with or to any other individual(s) or entity, this
Agreement shall, subject to the provisions hereof, be binding upon and inure to the benefit of such successor and such successor
shall discharge and perform all the promises, covenants, duties, and obligations of the Company hereunder.


 


		14.	SEVERABILITY



 


If any provision
of this Agreement or the application thereof is held invalid, the invalidity shall not affect other provisions or applications
of this Agreement which can be given effect without the invalid provisions or applications and to this end the provisions of this
Agreement are declared to be severable.


 


		15.	ENTIRE AGREEMENT



 


This Agreement
constitutes the entire agreement and understanding between the Executive and the Company regarding the terms of the Employment
and supersedes all prior or contemporaneous oral or written agreements concerning such subject matter. The Executive acknowledges
that he has not entered into this Agreement in reliance upon any representation, warranty or undertaking which is not set forth
in this Agreement. Any amendment to this Agreement must be in writing and signed by the Executive and the Company.


 


		16.	GOVERNING LAW



 


This Agreement
shall be governed by and construed in accordance with the law of the State of New York, USA, without regard to the conflicts of
law principles.


 


		17.	AMENDMENT



 


This Agreement
may not be amended, modified or changed (in whole or in part), except by a formal, definitive written agreement expressly referring
to this Agreement, which agreement is executed by both of the parties hereto.


 


		18.	WAIVER



 


Neither the failure
nor any delay on the part of a party to exercise any right, remedy, power or privilege under this Agreement shall operate as a
waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further
exercise of the same or of any right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege
with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence.
No waiver shall be effective unless it is in writing and is signed by the party asserted to have granted such waiver.


 






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		19.	NOTICES



 


All notices, requests,
demands and other communications required or permitted under this Agreement shall be in writing and shall be deemed to have been
duly given and made if (i) delivered by hand, (ii) otherwise delivered against receipt therefor, (iii) sent by
a recognized courier with next-day or second-day delivery to the last known address of the other party; or
(iv) sent by e-mail with confirmation of receipt.


 


		20.	COUNTERPARTS



 


This Agreement
may be executed in any number of counterparts, each of which shall be deemed an original as against any party whose signature
appears thereon, and all of which together shall constitute one and the same instrument. This Agreement shall become binding when
one or more counterparts hereof, individually or taken together, shall bear the signatures of all of the parties reflected hereon
as the signatories. Photographic copies of such signed counterparts may be used in lieu of the originals for any purpose.


 


		21.	NO INTERPRETATION AGAINST DRAFTER



 


Each party recognizes
that this Agreement is a legally binding contract and acknowledges that such party has had the opportunity to consult with legal
counsel of choice. In any construction of the terms of this Agreement, the same shall not be construed against either party on
the basis of that party being the drafter of such terms.


 


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left blank.]


 




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IN WITNESS WHEREOF, this Agreement has been
executed as of the date first written above.


 


	 	Ebang
    International Holdings Inc.
	 	 
	 	By:	                           
	 	Name:	 
	 	Title:	 


 


	 	Executive
	 	 
	 	Signature: 	                           
	 	Name:	 



 



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Schedule
A


 


Cash Compensation


 


	 	 	Amount	 	 	Pay Period	 
	Base Salary	 	 	           	 	 	 	          	 
	Cash Bonus	 	 	 	 	 	 	 	 



 




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Schedule
B


 


List of Prior
Inventions


 


	

Title
	 	Date	 	Identifying Number

        or Brief Description

	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 


 


            
No inventions or improvements


            
Additional Sheets Attached


Signature of Executive:                    


Print Name of Executive:                    


Date:                    


 


 


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