Document:

Exhibit 10.19

 

POWERBRIDGE TECHNOLOGIES CO., LTD.

1st
Floor, Building D2, Southern Software Park

Tangjia Bay, Zhuhai, Guangdong 519080, China

+86-756-339-5666

 

October 23, 2018

 

Stewart Lor

702/Bldg 40, Huafa Xincheng, Xiangzhou

Zhuhai, Guangdong, China

 

Re: Director Offer Letter

 

Dear Mr. Lor,

 

Powerbridge Technologies Co., Ltd., a Cayman
Islands exempted company with limited liability (the “Company”), is pleased to offer you a position as of member of
its Board of Directors (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 as a member of the Board
and Class II director, 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 a Class II director shall continue subject to
the provisions in Section 8 below or until your successor is duly elected and qualified. The position shall be up for re-election
at the third annual shareholder’s meeting following the consummation of the Company’s initial public offering 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 (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 compensation as set forth on Schedule
A attached hereto (hereinafter, the “Compensation”) per year for serving on the Board during your term
as a director, 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.   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.

 

5.    
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.

 

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.

 

    1

     

    

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 8 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.

 

6.   
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 24 months following termination of this Agreement for whatever reason, directly or indirectly as owner, partner, joint venture,
shareholder, 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.

 

7.   Non-Solicitation.
So long as you are a member of the Board and for a period of 24 months thereafter, you shall not directly or indirectly solicit
for employment any individual who was an employee of the Company during your tenure.

 

8.  Termination
and Resignation. Your membership on the Board may be terminated for any or no reason by a vote of the shareholders
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 shall be terminated if you become of unsound mind or are prohibited by law
from being so. 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.

 

    	 	2	 

     

    

 

9.   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.

 

10.   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.

 

11.   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.

 

12.  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.

 

13.  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 the Company of any questions arising under this Agreement.

 

    3

     

    

 

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

 

Sincerely,

 

Powerbridge Technologies Co., Ltd. 

 

By: /s/ Ban Lor                                               

Name:Ban
Lor

Title:Chief
Executive Officer

 

 

 

 

AGREED AND ACCEPTED:

 

By: /s/ Stewart
Lor                                                    

Name: Stewart Lor

 

    4

     

    

 

Schedule A

Compensation

 

During your term as a member of Board of Directors of the Company,
you will receive cash compensation in the amount of $4,500, payable quarterly.

 

 

 

5Exhibit 10.20

 

EMPLOYMENT
AGREEMENT

 

This EMPLOYMENT AGREEMENT (the
“Agreement”), is entered into as of August 18, 2018 (the “Effective Date”), by and between
Powerbridge Technologies Co., Ltd., a company incorporated and existing under the laws of the Cayman Islands (the “Company”),
and Ban Lor, 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

 

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

 

The Executive desires to be employed by
the Company as its President and Chief Executive Officer during the term of Employment and upon the terms and conditions of this Agreement.

 

AGREEMENT

 

The parties hereto agree as follows:

 

1.      POSITION

 

The Executive hereby accepts a position of President and Chief Executive Officer of the Company (the “Employment”).

 

2.      TERM

 

Subject to the terms and conditions of this Agreement,
the initial term of the Employment shall be three (3) years, commencing on the Effective Date, unless terminated earlier pursuant
to the terms of this Agreement. The Employment will be renewed automatically for additional 12-month terms if neither the Company
nor the Executive provides a 3-month prior written notice of termination of the Employment to the other party, or otherwise proposes
to re-negotiate the terms of the Employment with the other party within three months prior to the expiration of the applicable
term, or unless the Employment is terminated earlier pursuant to the terms of this Agreement.

 

3.      PROBATION

 

No probationary period.

 

4.      DUTIES AND RESPONSIBILITIES

 

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

 

    1

     

    

 

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, Certificate of Incorporation and the Memorandum
and Articles of Association of the Company (the “Articles of Association”), as amended and restated from time
to time (collectively, the “Charter Documents”), 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
any business or entity that engages in the same business in which the Company engages (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 if such shares or securities represent less
than 5% of the competitors outstanding shares and securities. 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.

 

5.    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; (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.

 

6.    LOCATION

 

The Executive will be based in Zhuhai, the
People’s Republic of China, until both parties hereto agree to change otherwise. The Executive acknowledges that he/she may
be required to travel from time to time in the course of performing his/her duties for the Company.

 

    2

     

    

 

7.
COMPENSATION AND BENEFITS

 

	 	(a)	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 in a separate schedule A attached herein (“Schedule A”) or as specified in a separate agreement between the executive and the company’s designated subsidiary or affiliated entity, subject to annual review and adjustment by the Company or the compensation committee of the Board. The cash compensation may be paid by the Company, a subsidiary or affiliated entity or a combination thereof, as designated by the Company from time to time.

 

	 	(b)	Equity Incentives. To the extent the Company adopts and maintains a share incentive plan, the Executive will be eligible to participate in such plan pursuant to the terms thereof.

 

	 	(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, life insurance plan, health insurance plan and travel/holiday plan.

 

8. TERMINATION OF THE AGREEMENT

 

		(a)	By the Company. The Company may terminate the Employment for cause, at any time, without
notice or remuneration, if the Executive (1) commits any serious or persistent breach or non-observance of the terms and conditions
of your employment; (2) is convicted of a criminal offence other than one which in the opinion of the Board does not affect the
executive’s position as an employee of the Company, bearing in mind the nature of your duties and the capacity in which the
executive is employed; (3) willfully disobeys a lawful and reasonable order; (4) misconducts himself/herself and such conduct being
inconsistent with the due and faithful discharge of the Executive’s material duties; (5) is guilty of fraud or dishonesty;
or (6) is habitually neglectful in his/her duties. The Company may terminate the Employment without cause at any time with a 3-month
prior written notice to the Executive or by payment of three (3) months’ salary in lieu of notice.
	 	 	 
		(b)	By the Executive. The Executive may terminate the Employment at any time with a 3-month
prior written notice to the Company or by payment of three (3) months’ salary in lieu of notice. In addition, the Executive
may resign prior to the expiration of the Agreement if such resignation or an alternative arrangement with respect to the Employment
is approved 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.

 

    3

     

    

 

9.
CONFIDENTIALITY AND NONDISCLOSURE

 

	 	(a)	Confidentiality and Non-disclosure. The Executive hereby agrees at all times during the term of his/her employment and after termination, to hold in the strictest confidence, and not to use, except for the benefit of the Group, or to disclose to any person, corporation or other entity without written consent of the Company, any Confidential Information. The Executive understands that “Confidential Information” means any proprietary or confidential information of the Group, its affiliates, their clients, customers or partners, and the Group’s licensors, including, without limitation, technical data, trade secrets, research and development information, product plans, services, customer lists and customers (including, but not limited to, customers of the Group on whom the Executive called or with whom the Executive became acquainted during the term of his/her employment), supplier lists and suppliers, software, developments, inventions, processes, formulas, technology, designs, drawings, engineering, hardware configuration information, personnel information, marketing, finances, information about the suppliers, joint ventures, licensors, licensees, distributors and other persons with whom the Group does business, information regarding the skills and compensation of other employees of the Group or other business information disclosed to the Executive by or obtained by the Executive from the Group, its affiliates, or their clients, customers or partners either directly or indirectly in writing, orally or by drawings or observation of parts or equipment, if specifically indicated to be confidential or reasonably expected to be confidential. Notwithstanding the foregoing, Confidential Information shall not include information that is generally available and known to the public through no fault of the Executive.

 

	 	(b)	Company Property. The Executive understands that all documents (including computer records, facsimile and e-mail) and materials created, received or transmitted in connection with his/her work or using the facilities of the Group are property of the Group and subject to inspection by the Group, at any time. Upon termination of the Executive’s employment with the Company (or at any other time when requested by the Company), the Executive will promptly deliver to the Company all documents and materials of any nature pertaining to his/her work with the Company and will provide written certification of his compliance with this Agreement. Under no circumstances will the Executive have, following his/her termination, in his/her possession any property of the Group, or any documents or materials or copies thereof containing any Confidential Information.

 

	 	(c)	Former
    Employer Information. The Executive agrees that he 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 the Group 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
    Group 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.

 

    4

     

    

 

	 	(d)	Third Party Information. The Executive recognizes that the Group may have received, and in the future may receive, from third parties their confidential or proprietary information subject to a duty on the Group’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 Group 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 Group’s agreement with such third party.

 

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.

 

10.  CONFLICTING EMPLOYMENT

 

The Executive hereby agrees that, during the term
of his/her employment with the Company, he or she 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 and
benefits granted to the Executive by the Company and subject to applicable law, the Executive agrees that during the term of the
Employment and for a period of two (2) 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)	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)	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.

 

    5

     

    

 

The
provisions contained in this 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.

 

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.  NOTIFICATION OF NEW EMPLOYER

 

In the event that the Executive leaves the employ
of the Company, the Executive hereby grants consent to notification by the Company to his/her new employer about his/her rights
and obligations under this Agreement.

 

14.  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.

 

15.  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.

 

    6

     

    

 

16.  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, other than any such agreement under any employment agreement entered
into with a subsidiary of the Company at the request of the Company to the extent such agreement does not conflict with any of
the provisions herein. The Executive acknowledges that he/she 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.

 

17.  REPRESENTATIONS

 

The Executive hereby agrees to execute any proper
oath or verify any proper document required to carry out the terms of this Agreement. The Executive hereby represents that the
Executive’s performance of all the terms of this Agreement will not breach any agreement to keep in confidence proprietary
information acquired by the Executive in confidence or in trust prior to his/her employment by the Company. The Executive has not
entered into, and hereby agrees that he/she will not enter into, any oral or written agreement in conflict with this Section 19.
The Executive represents that the Executive will consult his/her own consultants for tax advice and is not relying on the Company
for any tax advice with respect to this Agreement or any provisions hereunder.

 

18.  GOVERNING LAW

 

This Agreement shall be governed by and construed
in accordance with the laws of the State of New York.

 

19.  ARBITRATION

 

All disputes arising under this Agreement shall
be governed by and interpreted in accordance with the laws of New York, without regard to principles of conflict of laws. Any dispute
or controversy arising under or in connection with this Agreement shall be settled exclusively by arbitration, conducted before
a panel of three arbitrators in New York, New York, in accordance with the rules of the American Arbitration Association then in
effect. Judgment may be entered on the arbitrator's award in any court having jurisdiction. No party to this agreement will challenge
the jurisdiction or venue provisions as provided in this section.

 

20.  WAIVER OF JURY TRIAL

 

EACH OF THE PARTIES HERETO HEREBY
VOLUNTARILY AND IRREVOCABLY WAIVES TRIAL BY JURY IN ANY ACTION OR OTHER PROCEEDING BROUGHT IN CONNECTION WITH THIS AGREEMENT
OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY. NO PARTY HAS AGREED WITH OR REPRESENTED TO ANY OTHER PARTY THAT THE
PROVISIONS OF THIS SECTION WILL NOT BE FULLY ENFORCED IN ALL INSTANCES.

 

    7

     

    

 

21.  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.

 

22.  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.

 

23.  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, or (iii) sent by a recognized courier with next-day or second-day delivery
to the last known address of the other party.

 

24.  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.

 

25.  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. The Executive agrees and acknowledges that he/she has read and understands
this Agreement, is entering into it freely and voluntarily, and has been advised to seek counsel prior to entering into this
Agreement and has ample opportunity to do so.

 

[Remainder of this page has been intentionally left blank.]

 

    8

     

    

 

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

 

Powerbridge
Technologies Co., Ltd.

 

By:
/s/ Ban Lor                                                                      

Name:
Ban Lor

Title:
Chairman of the Board

 

By:
/s/ Stewart Lor                                                                  

Name:
Stewart Lor

Title:
Director

 

Executive

 

Signature:
/s/ Ban Lor                                                               

Name:
Ban Lor

 

 

 

[Signature
Page to Employment Agreement]

 

    9

     

    

 

 Schedule A

 

Annual compensation
is RMB1,800,000.

 

 

10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00290-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00290-of-00352.parquet"}]]