Exhibit 10.6


 


National Art Exchange, Inc.


200 Vesey Street, 24Fl, Unit
24183


New York NY 10080 +646-952-8680


 


Aug 24th, 2017


 


MR Meng


 


Re: Chairman and Director
Offer Letter


 


Dear Mr Meng,


 


National Art Exchange,
Inc., a Nevada corporation (the “Company”), is pleased to offer you a position as a member of its Board
and its Chairman (the “Board”). We believe your background and experience will be a significant asset to
the Company and we look forward to your participation on the Board. Should you choose to accept this position, this letter
agreement (the “Agreement”) shall constitute an agreement between you and the Company and contains all the
terms and conditions relating to the services you agree to provide to the Company.


 


1. Term. This
Agreement is effective upon your acceptance and signature below. Your term as chairman shall continue subject to the provisions
in Section 9 below or until your successor is duly elected and qualified. The position shall be up for re-election each year at
the annual shareholder’s meeting and upon re- election, the terms and provisions of this Agreement shall remain in full force
and effect.


 


2. Services. You
shall render services as a member of the Board and the Board’s committees set forth on Schedule A attached hereto
(hereinafter your “Duties”). During the term of this Agreement, you shall attend and participate in such number
of meetings of the Board and of the committee(s) of which you are a member as regularly or specially called. You may attend and
participate at each such meeting via teleconference, video conference or in person. You shall consult with the other members of
the Board and committee(s) as necessary via telephone, electronic mail or other forms of correspondence.


 


3. Compensation.
As compensation for your services to the Company, you will receive $ 96,000 in cash per year for serving on the Board starting
from 24th Aug 2017, which shall be paid to you quarterly in arrears as determined by the Company.


 


You shall be reimbursed for reasonable
and approved expenses incurred by you in connection with the performance of your Duties.


 


4. [Intentionally left blank]


 


5. No
Assignment. Because of the personal nature of the services to be rendered by you, this Agreement may not be assigned
by you without the prior written consent of the Company.


 


6. Confidential Information;
Non-Disclosure. In consideration of your access to certain Confidential Information (as defined below) of the Company,
in connection with your business relationship with the Company, you hereby represent and agree as follows:


 


a. Definition. For purposes of this Agreement
the term “Confidential Information” means:


 


i. Any information which
the Company possesses that has been created, discovered or developed by or for the Company, and which has or could have commercial
value or utility in the business in which the Company is engaged; or


 


ii. Any information which
is related to the business of the Company and is generally not known by non-Company personnel.


 




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iii. Confidential Information
includes, without limitation, trade secrets and any information concerning services provided by the Company, concepts, ideas, improvements,
techniques, methods, research, data, know-how, software, formats, marketing plans, and analyses, business plans and analyses, strategies,
forecasts, customer and supplier identities, characteristics and agreements.


 


b. Exclusions. Notwithstanding the foregoing,
the term Confidential Information shall not include:


 


i.  Any information which
becomes generally available to the public other than as a result of a breach of the confidentiality portions of this Agreement,
or any other agreement requiring confidentiality between the Company and you;


 


ii. Information received
from a third party in rightful possession of such information who is not restricted from disclosing such information; and


 


iii. Information known
by you prior to receipt of such information from the Company, which prior knowledge can be documented.


 


c. Documents.
You agree that, without the express written consent of the Company, you will not remove from the Company's premises, any notes,
formulas, programs, data, records, machines or any other documents or items which in any manner contain or constitute Confidential
Information, nor will you make reproductions or copies of same. You shall promptly return any such documents or items, along with
any reproductions or copies, to the Company upon the earliest of Company's demand, termination of this Agreement, or your termination
or Resignation, as defined in Section 9 herein.


 


d. Confidentiality.
You agree that you will hold in trust and confidence all Confidential Information and will not disclose to others, directly or
indirectly, any Confidential Information or anything relating to such information without the prior written consent of the Company,
except as maybe necessary in the course of your business relationship with the Company. You further agree that you will not use
any Confidential Information without the prior written consent of the Company, except as may be necessary in the course of your
business relationship with the Company, and that the provisions of this paragraph (d) shall survive termination of this Agreement.


 


e. Ownership.
You agree that Company shall own all right, title and interest (including patent rights, copyrights, trade secret rights, mask
work rights, trademark rights, and all other intellectual and industrial property rights of any sort throughout the world) relating
to any and all inventions (whether or not patentable), works of authorship, mask works, designations, designs, know-how, ideas
and information made or conceived or reduced to practice, in whole or in part, by you during the term of this Agreement and that
arise out of your Duties (collectively, “Inventions”) and you will promptly disclose and provide all Inventions
to the Company. You agree to assist the Company, at its expense, to further evidence, record and perfect such assignments, and
to perfect, obtain, maintain, enforce, and defend any rights assigned.


 


7. Non-Competition.
You agree and undertake that you will not, so long as you are a member of the Board and for a period of 12 months following
termination of this Agreement for whatever reason, directly or indirectly as owner, partner, joint venture, stockholder,
employee, broker, agent principal, corporate officer, director, licensor or in any other capacity whatsoever, engage in,
become financially interested in, be employed by, or have any connection with any business or venture that is engaged in any
activities involving services or products which compete, directly or indirectly, with the services or products provided or
proposed to be provided by the Company or its subsidiaries or affiliates; provided, however, that
you may own securities of any public corporation which is engaged in such business but in an amount not to exceed at any one
time, one percent of any class of stock or securities of such company, so long as you has no active role in the publicly
owned company as director, employee, consultant or otherwise.


 


8. Non-Solicitation.
So long as you are a member of the Board and for a period of 12 months thereafter, you shall not directly or indirectly solicit
for employment any individual who was an employee of the Company during your tenure.


 




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9. Termination and Resignation.
Your membership on the Board may be terminated for any or no reason by a vote of the stockholders holding at least a majority of
the shares of the Company’s issued and outstanding shares entitled to vote. Your membership on the Board or on a Board committee
may be terminated for any or no reason by a majority of the Board at any time, if you have been declared incompetent by an order
of a court of competent jurisdiction or convicted of a felony. You may also terminate your membership on the Board or on a committee
for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such
Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation
by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate
subject to the Company's obligations to pay you any compensation (including the vested portion of the Shares) that you have already
earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the
effective date of such termination or Resignation. Any Shares that have not vested as of the effective date of such termination
or Resignation shall be forfeited and cancelled.


 


10. Governing Law.
All questions with respect to the construction and/or enforcement of this Agreement, and the rights and obligations of the parties
hereunder, shall be determined in accordance with the law of the State of New York applicable to agreements made and to be performed
entirely in the State of New York.


 


11. Entire Agreement;
Amendment; Waiver; Counterparts. This Agreement expresses the entire understanding with respect to the subject matter hereof
and supersedes and terminates any prior oral or written agreements with respect to the subject matter hereof. Any term of this
Agreement may be amended and observance of any term of this Agreement may be waived only with the written consent of the parties
hereto. Waiver of any term or condition of this Agreement by any party shall not be construed as a waiver of any subsequent breach
or failure of the same term or condition or waiver of any other term or condition of this Agreement. The failure of any party at
any time to require performance by any other party of any provision of this Agreement shall not affect the right of any such party
to require future performance of such provision or any other provision of this Agreement. This Agreement may be executed in separate
counterparts each of which will be an original and all of which taken together will constitute one and the same agreement, and
may be executed using facsimiles of signatures, and a facsimile of a signature shall be deemed to be the same, and equally enforceable,
as an original of such signature.


 


12. Indemnification.
The Company shall, to the maximum extent provided under applicable law, indemnify and hold you harmless from and against any expenses,
including reasonable attorney’s fees, judgments, fines, settlements and other legally permissible amounts (“Losses”),
incurred in connection with any proceeding arising out of, or related to, your performance of your Duties, other than any such
Losses incurred as a result of your negligence or willful misconduct. The Company shall advance to you any expenses, including
reasonable attorneys’ fees and costs of settlement, incurred in defending any such proceeding to the maximum extent permitted
by applicable law. Such costs and expenses incurred by you in defense of any such proceeding shall be paid by the Company in advance
of the final disposition of such proceeding promptly upon receipt by the Company of (a) written request for payment; (b) appropriate
documentation evidencing the incurrence, amount and nature of the costs and expenses for which payment is being sought; and (c)
an undertaking adequate under applicable law made by or on your behalf to repay the amounts so advanced if it shall ultimately
be determined pursuant to any non- appealable judgment or settlement that you are not entitled to be indemnified by the Company.


 


13. Not an Employment
Agreement. This Agreement is not an employment agreement, and shall not be construed or interpreted to create any right
for you to continue employment with the Company.


 


14. Acknowledgement.
You accept this Agreement subject to all the terms and provisions of this Agreement. You agree to accept as binding, conclusive,
and final all decisions or interpretations of the Board of Directors of the Company of any questions arising under this Agreement.


 


The Agreement has been executed and delivered by the
undersigned and is made effective as of the date set first set forth above.


 




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	 	Sincerely,
	 	 
	 	National Art Exchange, Inc. 
	 	 	 
	 	By:	/s/
    Qilang Zheng
	 	Name:	Qiliang Zheng
	 	Title:	Chief Executive Officer


 


	AGREED AND ACCEPTED:	 
	 	 
	/s/ Meng Qing Xi	 
	Name: Meng Qing Xi	 


 




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