Document:

Exhibit 10.2

 

EMPLOYMENT AGREEMENT

 

This Employment Agreement
(the “Agreement”) is made and entered into by and between (Kong, Min) (“Executive”)
and (MMTE,INC.)
(the “Company”), effective as of the date set forth by the signature of the Executive below (the
“Effective Date”).

 

RECITALS

 

WHEREAS,
Executive is currently employed by the Company and Executive and the Company desire to memorialize the go-forward terms of
the employment relationship.

 

NOW
THEREFORE, in consideration for Executive’s continued employment with the Company and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

1.   Duties
and Scope of Employment.

 

(a) 
At-Will Employment.  Following the Effective Date, Executive will continue to be employed by the Company pursuant
to the terms set forth in this Agreement.  Executive’s employment with the Company is for no specified period and constitutes
“at will” employment.  As a result, Executive is free to terminate his employment relationship at any time, with
or without advance notice, and for any reason or for no reason.  Similarly, the Company is free to terminate its employment
relationship with Executive at any time, with or without advance notice, and with or without cause.  Furthermore, although
terms and conditions of Executive’s employment relationship with the Company may change over time, nothing shall change the at-will
employment relationship between Executive and the Company.

 

(b) Position
and Responsibilities.  For the term of Executive’s employment under this Agreement (“Employment”
or the “Employment Period”), the Company agrees to employ Executive in the position of [Chief Financial
Officer].  Executive will report to the Company’s Board of Directors (the “Board”), or to such other
person as the Company subsequently may determine, and Executive will be working out of the Company’s office in Beijing. 
Executive will perform the duties and have the responsibilities and authority customarily performed and held by an employee in
Executive’s position or as otherwise may be assigned or delegated to Executive by the Board.

 

(c) 
Obligations to the Company.  During the Employment Period, Executive shall perform Executive’s duties faithfully
and to the best of Executive’s ability and will devote Executive’s full business efforts and time to the Company.  During
the Employment Period, without the prior written approval of the Board, Executive shall not render services in any capacity to
any other person or entity and shall not act as a sole proprietor or partner of any other person or entity or own more than five
percent (5%) of the stock of any other corporation.  Notwithstanding the foregoing, Executive may serve on civic or charitable
boards or committees, deliver lectures, fulfill speaking engagements, teach at educational institutions, or manage personal investments
without advance written and on corporate boards or committees with advance written consent of the Board (as defined below); provided
that such activities do not individually or in the aggregate interfere with the performance of Executive’s duties under this Agreement
or create a potential business or fiduciary conflict.  Executive shall comply with the Company’s policies and rules, as they
may be in effect from time to time during Executive’s Employment.

 

     

     

    

 

(d) No
Conflicting Obligations.  Executive represents and warrants to the Company that Executive is under no obligations
or commitments, whether contractual or otherwise, that are inconsistent with Executive’s obligations under this Agreement. 
In connection with Executive’s Employment, Executive shall not use or disclose any trade secrets or other proprietary information
or intellectual property in which Executive or any other person has any right, title or interest and Executive’s Employment will
not infringe or violate the rights of any other person.  Executive represents and warrants to the Company that Executive
has returned all property and confidential information belonging to any prior employer.

 

2.  
Cash and Incentive Compensation.

 

(a)  Base
Salary.  Executive shall continue to be paid, as compensation for Executive’s services, a base salary at a
gross annual rate of ¥[180,000], less all required tax withholdings and other applicable deductions, in accordance with the
Company’s standard payroll procedures.  The annual compensation specified in this subsection (a), together with
any modifications in such compensation that the Company may make from time to time, is referred to in this Agreement as the “Base
Salary.”  Executive’s Base Salary will be subject to review and adjustments that will be made based upon
the Company’s normal performance review practices.  Effective as of the date of any change to Executive’s Base
Salary, the Base Salary as so changed shall be considered the new Base Salary for all purposes of this Agreement.

 

(b) Cash
Incentive Bonus.  Executive is not currently eligible to be considered for an annual cash incentive bonus (a “Cash
Bonus”) during the term of Executive’s Employment.  The Company’s Board of Directors (the “Board”)
or any Compensation Committee of the Board (the “Committee”), as applicable, may, in its sole discretion,
determine that Executive will be eligible to receive a Cash Bonus in the future in an amount and subject to such terms and conditions
(including, but not limited to, the establishment of objective or subjective criteria that must be achieved for Executive to earn
a Cash Bonus) as determined solely in the discretion of the Board or the Committee, as applicable.

 

3.  
Paid Time Off and Employee Benefits.  During the Employment Period, Executive shall be eligible to accrue up
to 21 days of paid time off (“PTO”) per calendar year, in accordance with the Company’s PTO policy, as
it may be amended from time to time.  During the Employment Period, Executive shall be eligible to participate in the employee
benefit plans maintained by the Company and generally available to similarly situated employees of the Company, subject in each
case to the generally applicable terms and conditions of the plan in question and to the determinations of any person or committee
administering such employee benefit plan.  The Company reserves the right to cancel or change the employee benefit plans
and programs it offers to its employees at any time.

 

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4.  
Business Expenses.  The Company will reimburse Executive for necessary and reasonable business expenses incurred
in connection with Executive’s duties hereunder upon presentation of an itemized account and appropriate supporting documentation,
all in accordance with the Company’s generally applicable policies.

 

5.  
Rights Upon Termination.  Upon the termination of Employment, Executive shall only be entitled to the accrued
but unpaid base salary compensation, PTO and other benefits earned and the reimbursements described in this Agreement or under
any Company-provided plans, policies, and arrangements for the period preceding the effective date of the termination of Employment.

 

6.  
Successors.

 

(a) 
Company’s Successors.  This Agreement shall be binding upon any successor (whether direct or indirect and whether
by purchase, lease, merger, consolidation, liquidation or otherwise) to all or substantially all of the Company’s business and/or
assets.  For all purposes under this Agreement, the term “Company” shall include any successor to
the Company’s business or assets that become bound by this Agreement.

 

(b) Your
Successors.  This Agreement and all of Executive’s rights hereunder shall inure to the benefit of, and be enforceable
by, Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees.

 

7.  
Miscellaneous Provisions.

 

(a) 
Indemnification.  The Company shall indemnify Executive to the maximum extent permitted by applicable law and
the Company’s articles of association with respect to Executive’s service and Executive shall also be covered under a directors
and officers liability insurance policy paid for by the Company to the extent that the Company maintains such a liability insurance
policy now or in the future.

 

(b) Headings. 
All captions and section headings used in this Agreement are for convenient reference only and do not form a part of this Agreement.

 

(c) Modifications
and Waivers.  No provision of this Agreement shall be modified, waived or discharged unless the modification, waiver
or discharge is agreed to in writing and signed by Executive and by an authorized officer of the Company (other than Executive
).  No waiver by either party of any breach of, or of compliance with, any condition or provision of this Agreement by the
other party shall be considered a waiver of any other condition or provision or of the same condition or provision at another
time.

 

(d) 
Whole Agreement.  No other agreements, representations or understandings (whether oral or written and whether
express or implied) which are not expressly set forth in this Agreement have been made or entered into by either party with respect
to the subject matter hereof.  This Agreement contain the entire understanding of the parties with respect to the subject
matter hereof.

 

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(e) Taxes. 
All payments made under this Agreement shall be subject to reduction to reflect taxes or other charges required to be withheld
by law.

 

(g) Choice
of Law and Severability.  This Agreement shall be interpreted in accordance with the laws of the China without giving
effect to provisions governing the choice of law.  If any provision of this Agreement becomes or is deemed invalid, illegal
or unenforceable in any applicable jurisdiction by reason of the scope, extent or duration of its coverage, then such provision
shall be deemed amended to the minimum extent necessary to conform to applicable law so as to be valid and enforceable or, if
such provision cannot be so amended without materially altering the intention of the parties, then such provision shall be stricken
and the remainder of this Agreement shall continue in full force and effect.  If any provision of this Agreement is rendered
illegal by any present or future statute, law, ordinance or regulation (collectively, the “Law”) then
that provision shall be curtailed or limited only to the minimum extent necessary to bring the provision into compliance with
the Law.  All the other terms and provisions of this Agreement shall continue in full force and effect without impairment
or limitation.

 

(h) No
Assignment.  This Agreement and all of your rights and obligations hereunder are personal to you and may not be transferred
or assigned by you at any time.  The Company may assign its rights under this Agreement to any entity that assumes the Company’s
obligations hereunder in connection with any sale or transfer of all or a substantial portion of the Company’s assets to such
entity.

 

(i) Acknowledgment. 
You acknowledge that you have the opportunity to discuss this matter with and obtain advice from your personal attorney, have
had sufficient time to, and have carefully read and fully understand all the provisions of this Agreement, and are knowingly and
voluntarily entering into this Agreement.

 

(j) Counterparts. 
This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument.

 

[Signature Page Follows]

 

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After
you’ve had an opportunity to review this Agreement, please feel free to contact me if you have any questions or comments. 
To indicate your acceptance of this Agreement, please sign and date this letter in the space provided below and return it to the
Company.

 

	 	 	Very truly yours,
	 	 	 
	 	 	MMTec, Inc.
	 	 	 
	 	 	By:	/s/
	 	 	 	(Signature)
	 	 	 	 
	 	 	Name:	Fan,Zhen
	 	 	 	 
	 	 	Title:	Chief Executive Officer
	 	 	 	 
	ACCEPTED AND AGREED:	 	 
	 	 	 
	/s/ Min Kong	 	 
	(Signature)	 	 
	 	 	 
	January 11, 2018	 	 
	DateExhibit 10.4

  

FORM OF INDEPENDENT DIRECTOR AGREEMENT

 

This INDEPENDENT DIRECTOR
AGREEMENT is dated [_] (the “Agreement”) by and between MMTEC, INC. a BVI corporation (the “Company”),
and [NAME], an individual resident of the CHINA (the “Director”).

 

WHEREAS, the
Company appointed the Director effective as of the date hereof (the “Effective Date”) and desires to enter into an
agreement with the Director with respect to such appointment; and

 

WHEREAS, the
Director is willing to accept such appointment and to serve the Company on the terms set forth herein and in accordance with the
provisions of this Agreement.

 

NOW, THEREFORE,
in consideration of the mutual covenants contained herein, the parties hereto agree as follows:

 

1.
Position.

 

Subject to the terms
and provisions of this Agreement, the Company shall cause the Director to be appointed, and the Director hereby agrees to serve
the Company in such position upon the terms and conditions hereinafter set forth, provided, however, that
the Director’s continued service on the Board of Directors of the Company (the “Board”) after the initial one-year
term on the Board shall be subject to any necessary approval by the Company’s stockholders.

 

2. Duties. 

 

(a) During the Directorship
Term (as defined herein), the Director make reasonable business efforts to attend all Board meetings and quarterly pre-scheduled
Board and Management conference calls, serve on appropriate subcommittees as reasonably requested and agreed upon by the Board,
make himself available to the Company at mutually convenient times and places, attend external meetings and presentations when
agreed on in advance, as appropriate and convenient, and perform such duties, services and responsibilities, and have the authority
commensurate to such position.

 

(b) The Director will
use his best efforts to promote the interests of the Company. The Company recognizes that the Director (i) is or may become a full-time
executive employee of another entity and that his responsibilities to such entity must have priority and (ii) sits or may sit on
the board of directors of other entities, subject to any limitations set forth by the Sarbanes-Oxley Act of 2002 and limitations
provided by any exchange or quotation service on which the Company’s common stock is listed or traded.  Notwithstanding
the same, the Director will provide the Company with prior written notice of any future commitments to such entities and use reasonable
business efforts to coordinate his respective commitments so as to fulfill his obligations to the Company and, in any event, will
fulfill his legal obligations as a Director. Other than as set forth above, the Director will not, without the prior notification
to the Board, engage in any other business activity which could materially interfere with the performance of his duties, services
and responsibilities hereunder or which is in violation of the reasonable policies established from time to time by the Company, provided that
the foregoing shall in no way limit his activities on behalf of (i) any current employer and its affiliates or (ii) the board of
directors of any entities on which he currently sits.  At such time as the Board receives such notification, the Board may
require the resignation of the Director if it determines that such business activity does in fact materially interfere with the
performance of the Director’s duties, services and responsibilities hereunder.

 

     

     

    

 

3. Compensation.

 

(a) Independent
Contractor.  The Director’s status during the Directorship Term shall be that of an independent contractor and not,
for any purpose, that of an employee or agent with authority to bind the Company in any respect. All payments and other consideration
made or provided to the Director under this Section 3 shall be made or provided without withholding or deduction of any kind, and
the Director shall assume sole responsibility for discharging all tax or other obligations associated therewith.

 

(b) Expense Reimbursements. 
During the Directorship Term, the Company shall reimburse the Director for all reasonable out-of-pocket expenses incurred by the
Director in attending any in-person meetings, provided that the Director complies with the generally applicable
policies, practices and procedures of the Company for submission of expense reports, receipts or similar documentation of such
expenses. Any reimbursements for allocated expenses (as compared to out-of-pocket expenses of the Director in excess of $500.00)
must be approved in advance by the Company.

 

4. Directorship Term.  

 

The “Directorship
Term,” as used in this Agreement, shall mean the period commencing on the Effective Date and terminating on the earlier of
the date of the next annual stockholders meeting and the earliest of the following to occur: (a) the death of the Director; (b)
the termination of the Director from his membership on the Board by the mutual agreement of the Company and the Director; (c) the
removal of the Director from the Board by the majority stockholders of the Company; and (d) the resignation by the Director from
the Board.

 

5. Director’s Representation and Acknowledgment. 

 

The Director represents
to the Company that his execution and performance of this Agreement shall not be in violation of any agreement or obligation (whether
or not written) that he may have with or to any person or entity, including without limitation, any prior or current employer.
The Director hereby acknowledges and agrees that this Agreement (and any other agreement or obligation referred to herein) shall
be an obligation solely of the Company, and the Director shall have no recourse whatsoever against any stockholder of the Company
or any of their respective affiliates with regard to this Agreement.

 

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6. Director Covenants.

 

(a) Unauthorized Disclosure. 
The Director agrees and understands that in the Director’s position with the Company, the Director has been and will be exposed
to and receive information relating to the confidential affairs of the Company, including, but not limited to, technical information,
business and marketing plans, strategies, customer information, other information concerning the Company’s products, promotions,
development, financing, expansion plans, business policies and practices, and other forms of information considered by the Company
to be confidential and in the nature of trade secrets. The Director agrees that during the Directorship Term and thereafter, the
Director will keep such information confidential and will not disclose such information, either directly or indirectly, to any
third person or entity without the prior written consent of the Company; provided, however, that (i) the
Director shall have no such obligation to the extent such information is or becomes publicly known or generally known in the Company’s
industry other than as a result of the Director’s breach of his obligations hereunder and (ii) the Director may, after giving
prior notice to the Company to the extent practicable under the circumstances, disclose such information to the extent required
by applicable laws or governmental regulations or judicial or regulatory process. This confidentiality covenant has no temporal,
geographical or territorial restriction. Upon termination of the Directorship Term, the Director will promptly return to the Company
and/or destroy at the Company’s direction all property, keys, notes, memoranda, writings, lists, files, reports, customer
lists, correspondence, tapes, disks, cards, surveys, maps, logs, machines, technical data, other product or document, and any summary
or compilation of the foregoing, in whatever form, including, without limitation, in electronic form, which has been produced by,
received by or otherwise submitted to the Director in the course or otherwise as a result of the Director’s position with
the Company during or prior to the Directorship Term, provided that the Company shall retain such materials and
make them available to the Director if requested by him in connection with any litigation against the Director under circumstances
in which (i) the Director demonstrates to the reasonable satisfaction of the Company that the materials are necessary to his defense
in the litigation and (ii) the confidentiality of the materials is preserved to the reasonable satisfaction of the Company.

 

(b) Non-Solicitation. 
During the Directorship Term and for a period of three (3) years thereafter, the Director shall not interfere with the Company’s
relationship with, or endeavor to entice away from the Company, any person who, on the date of the termination of the Directorship
Term and/or at any time during the one year period prior to the termination of the Directorship Term, was an employee or customer
of the Company or otherwise had a material business relationship with the Company.

 

(c) Non-Compete. The
Director agrees that during the Directorship Term and for a period of Three (3) years thereafter, he shall not in any manner, directly
or indirectly, through any person, firm or corporation, alone or as a member of a partnership or as an officer, director, stockholder,
investor or employee of or consultant to any other corporation or enterprise; engage in the business of developing, marketing,
selling or supporting technology to or for businesses in which the Company engages in or in which the Company has an actual intention,
as evidenced by the Company's written business plans, to engage in, within any geographic area in which the Company is then conducting
such business.  Nothing in this Section 6 shall prohibit the Director from being (i) a stockholder in a mutual fund or a diversified
investment company or (ii) a passive owner of not more than three percent of the outstanding stock of any class of securities of
a corporation, which are publicly traded, so long as the Director has no active participation in the business of such corporation.

 

    	 	3	 

     

    

 

(d) Remedies. 
The Director agrees that any breach of the terms of this Section 6 would result in irreparable injury and damage to the Company
for which the Company would have no adequate remedy at law; the Director therefore also agrees that in the event of said breach
or any threat of breach, the Company shall be entitled to an immediate injunction and restraining order to prevent such breach
and/or threatened breach and/or continued breach by the Director and/or any and all entities acting for and/or with the Director,
without having to prove damages or paying a bond, in addition to any other remedies to which the Company may be entitled at law
or in equity. The terms of this paragraph shall not prevent the Company from pursuing any other available remedies for any breach
or threatened breach hereof, including, but not limited to, the recovery of damages from the Director. The Director acknowledges
that the Company would not have entered into this Agreement had the Director not agreed to the provisions of this Section 6.

 

(e) The provisions
of this Section 6 shall survive any termination of the Directorship Term, and the existence of any claim or cause of action by
the Director against the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement
by the Company of the covenants and agreements of this Section 6.

 

7. Indemnification.  

 

The Company agrees
to indemnify the Director for his activities as a member of the Board to the fullest extent permitted under applicable law and
shall use its best efforts to maintain Directors and Officers Insurance benefitting the Board.

 

8. Non-Waiver of Rights.  

 

The failure to enforce
at any time the provisions of this Agreement or to require at any time performance by the other party hereto of any of the provisions
hereof shall in no way be construed to be a waiver of such provisions or to affect either the validity of this Agreement or any
part hereof, or the right of either party hereto to enforce each and every provision in accordance with its terms. No waiver by
either party hereto of any breach by the other party hereto of any provision of this Agreement to be performed by such other party
shall be deemed a waiver of similar or dissimilar provisions at that time or at any prior or subsequent time.

 

9. Notices.  

 

Every notice relating
to this Agreement shall be in writing and shall be given by personal delivery or by registered or certified mail, postage prepaid,
return receipt requested; to:

 

If to the Company:

 

MMTEC, Inc., c/o Vistra Corporate Services
Centre, Wickhams Cay II, Road Town, 

Tortola, VG1110, British Virgin Islands, Attn:   President

 

If to the Director:

 

Either of the parties hereto may change
their address for purposes of notice hereunder by giving notice in writing to such other party pursuant to this Section 9.

 

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10. Binding Effect/Assignment.  

 

This Agreement shall
inure to the benefit of and be binding upon the parties hereto and their respective heirs, executors, personal representatives,
estates, successors (including, without limitation, by way of merger) and assigns. Notwithstanding the provisions of the immediately
preceding sentence, neither the Director nor the Company shall assign all or any portion of this Agreement without the prior written
consent of the other party.

 

11. Entire Agreement.  

 

This Agreement sets
forth the entire understanding of the parties hereto with respect to the subject matter hereof and supersedes all prior agreements,
written or oral, between them as to such subject matter.

 

12. Severability.  

 

If any provision of
this Agreement, or any application thereof to any circumstances, is invalid, in whole or in part, such provision or application
shall to that extent be severable and shall not affect other provisions or applications of this Agreement.

 

13. Governing Law.  

 

This Agreement shall
be governed by and construed in accordance with the laws of [NATION], without reference to the principles of conflict of laws.
All actions and proceedings arising out of or relating to this Agreement shall be heard and determined in any court in [DISTRICT]
and the parties hereto hereby consent to the jurisdiction of such courts in any such action or proceeding; provided, however,
that neither party shall commence any such action or proceeding unless prior thereto the parties have in good faith attempted to
resolve the claim, dispute or cause of action which is the subject of such action or proceeding through mediation by an independent
third party.

 

14. Legal Fees.  

 

The parties hereto
agree that the non-prevailing party in any dispute, claim, action or proceeding between the parties hereto arising out of or relating
to the terms and conditions of this Agreement or any provision thereof (a “Dispute”), shall reimburse the prevailing
party for reasonable attorney’s fees and expenses incurred by the prevailing party in connection with such Dispute; provided, however,
that the Director shall only be required to reimburse the Company for its fees and expenses incurred in connection with a Dispute
if the Director’s position in such Dispute was found by the court, arbitrator or other person or entity presiding over such
Dispute to be frivolous or advanced not in good faith.

 

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15. Modifications.  

 

Neither this Agreement
nor any provision hereof may be modified, altered, amended or waived except by an instrument in writing duly signed by the party
to be charged.

 

16. Tense and Headings.  

 

Whenever any words
used herein are in the singular form, they shall be construed as though they were also used in the plural form in all cases where
they would so apply. The headings contained herein are solely for the purposes of reference, are not part of this Agreement and
shall not in any way affect the meaning or interpretation of this Agreement.

 

17. Counterparts.  

 

This Agreement may
be executed in two or more counterparts, each of which shall be deemed to be an original but all of which together shall constitute
one and the same instrument.

 

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IN WITNESS WHEREOF, the Company has caused this Director
Agreement to be executed by authority of its Board of Directors, and the Director has hereunto set his hand, on the day and year
first above written.

 

	 	MMTEC, INC.	 
	 	 	 
	 	/s/	 
	 	[Fan Zhen]	 
	 	Chief Executive Officer and Director	 
	 	 	 
	 	DIRECTOR	 
	 	 	 
	 	/s/ 	 
	 	[NAME]	 

 

 

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