Document:

Exhibit 10.2

Party A:

Add.:

 

 

Party B: First Branch of Tianjin Mingda
Real Estate Co. Ltd. (hereby referred as Party B)

Legal representative/role:

Business license registration No.:

Bank of deposit / account:

Add:

	Post code: 	Fax: 	Tel:

 

 

This agreement is supplement to some provisions
of Teda City. River and Sea Project Marketing Agent Service Contract of Tianjin Chengkai Real Estate Co., Ltd. (referred as master
contract) entered into by Party A and Party B in Sep.2011 in relation to TEDA City River and Sea Project Phase II; the supplementary
agreement has the same legal effect as the master contract.

This agreement mainly amends the “Part
III: Work Scope for entrusted Sales Agent” and “Part VII: Charge Standard and Payment Term for Sales Agent” under
Marketing Agent Service Contract for Tianjin Chengkai Real Estate Co. Ltd relating to Teda City . River and Sea Project and the
two revised parts shall prevail over the previous ones.

 

Part III Work scope for entrusted agent

Party A entrusts Party B to exclusively
plan and represent as contracted by this agreement all marketable property of residential house, salable area of residential products
is about 219,705 Square meters, of which phase II part has subject to real estate area estimate by Municipal Land Resources Survey
and Housing Survey Center with salable area around 99353 square meters. In addition, Party A entrusts Party B to be one of the
sales agents for selling underground parking lot.

 

Part VII. Charge standard and payment term
for sales agent

		1.	Charging standard for sales agent

Party
A agrees that Party B charges 1.1% of actual sales amount as commission for plan and marketing agent (including above mentioned
one-stop plan scheme, advertisement planning, design cost and etc.). If the customer resources (of which the quantity shall not
exceed 5% of the total sales volume including proportion of customer resource provided by Party A in the first phase of sales)
are transacted, the area shall be included in the amount of work completed by Party B, Sales price counted in the average price,
commission is 0.9% of sales amount. Except for property administered house and payment balance house (not commission based) and
additional commission from clients with limited quantity from Party A, other concluded deals in any manners (including transactions
house with discount directly claimed from Party A in later period in addition to the agreed quantity of house) are all included
into Party B ‘s sales performance and sales agent commission is 1.1% .

 

     

     

    

 

Both Party
A and Party B clarify that the overall sales performance indicator in 2004 is RMB0.64 billion yuan, with received payments of RMB0.59
billion yuan. If Party B ‘s actual sales volume exceed established mandate indicators, the commission for the exceeding part
is based on 1.2% of the exceeding sales amount.

 

As for parking
lot sales, Party A agrees that Party B charges 0.5% of parking lot sales amount on 22nd Mar.2014 and 23rd
Mar. 2014 as plan and marketing agent commission. After 23rd Mar.2014, Party B, as one of the parking lot sales agents,
could charge 0.5% as parking lot agent commission upon confirmation by Party A.

 

		2.	Commission calculation and counting for sales agent

This
supplementary agreement continues relevant provisions contracted in phase I: Party A finalizes monthly sales plan and requires
Party B to perform sales work as required, every month Party A conducts performance review assessment based on the sales plan,
in which circumstance, in case of Party B’s failure to achieve the criteria of assessment every month, Party A has rights
to deduct 20% of commission and retain it as risk fund, in case of failure to accomplish sales plan over three consecutive months,
Party A has rights to deduct 20% of commission and does not pay any more; in case of conclusion of sales plan over three consecutive
months, Party A could revert the risk fund to Party B. In case of failure to achieve assessment standard over half year consecutively,
Party A is entitled to dissolve this agreement.

 

In accordance
with sales revenue target formulated by the group, Party B commits to conclude a sales amount not less than RMB 0.64 billion yuan,
with received payment not less than RMB 0.59 billion yuan. Actual average price, subject to market conditions, is based on price
table formulated by Party A (in case of adjustment to annual indicators resulting from release delay due to the reason of Party
A or material policy changes, Party A and Party B separately agree to sign a supplementary agreement .)

 

The text of this agreement consists of
four pages, a quadruplicate of four copies with each party holding two respectively. This supplementary agreement bears the same
legal effect as the master contract. This Agreement shall enter into force on the date of signature and seal by two parties.

 

 

	Party A 	Party B: first branch of tianjn mingda real estate co.Ltd.
	 	 
	Legal representative seal	legal representative seal
	 	 
	Signature date	Signature date 
	 	 
	Correspondence add. 	Correspondence add
	 	 
	Tel	TelExhibit [ ]

 

 

EMPLOYMENT AGREEMENT

 

This EMPLOYMENT
AGREEMENT (the “Agreement”), is entered into as of [ ], 2018 by
and between MDJM Ltd., a company incorporated and existing under the laws of the Cayman Islands (the “Company”), and
[ ], 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 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 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 [ ] of the Company (the “Employment”).

 

	 	2.	TERM

 

Subject to the terms and
conditions of this Agreement, the initial term of the Employment shall be [ ] years, commencing on [
], 2018 (the “Effective Date”), unless terminated earlier pursuant to the terms of this Agreement. Upon
expiration of the [ ]-year term, the Employment shall be automatically extended for successive [ ]-year terms unless either party
gives the other party hereto a [ ]-month prior written notice to terminate the Employment prior to the expiration of such [ ]-year
term or unless 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”) and/or
the [ ] of the Company.

 

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, the Memorandum and Articles of Association of the Company
(the “Articles of Association”), and the guidelines, policies and procedures of the Company approved from time
to time by the Board.

   

	 	5.	NO BREACH OF CONTRACT

 

The Executive shall use
his/her best efforts to perform his/her duties hereunder. The Executive shall not, without prior 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 directly or indirectly competes with the Group (any such business or entity, a “Competitor”),
provided that nothing in this clause shall preclude the Executive from holding shares or other securities of any Competitor that
is listed on any securities exchange or recognized securities market anywhere, provided however, that the Executive
shall notify the Company in writing prior to his/her obtaining a proposed interest in such shares or securities in a timely manner
and with such details and particulars as the Company may reasonably require. The Company shall have the right to require the
Executive to resign from any board or similar body which he/she may then serve if the Board reasonably determines in writing that
the Executive’s service on such board or body interferes with the effective discharge of the Executive’s duties and
responsibilities to the Company or that any business related to such service is then in competition with any business of the Company
or any of its subsidiaries or affiliates.

 

     

     

    

 

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 [Tianjin, 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.

 

	 	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 [ ]-month prior written notice to the Executive or by payment of [ ] months’ salary in lieu of notice.

 

     

     

    

 

	 	(b)	By the Executive. The Executive may terminate the Employment at any time with a [ ]-month prior written notice to the Company or by payment of [ ] 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.

 

	 	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.

 

     

     

    

 

	 	(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.	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.

 

	 	11.	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.

 

	 	12.	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.

 

	 	13.	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.

  

	 	14.	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.

 

     

     

    

 

	 	15.	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 18.
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.

 

	 	16.	GOVERNING LAW

 

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

 

	 	17.	ARBITRATION

 

Any dispute arising out
of, in connection with or relating to, this Agreement shall be resolved through arbitration pursuant to this Section 20. The
arbitration shall be conducted in Hong Kong under the auspices of the Hong Kong International Arbitration Centre (the “Centre”)
in accordance with the rules of the United Nations Commission of International Trade Law (“UNCITRAL Rules”) in effect
at the time of the arbitration. There shall be one arbitrator. The award of the arbitration tribunal shall be final and binding
upon the disputing parties, and any party may apply to a court of competent jurisdiction for enforcement of such award.

 

	 	18.	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.

 

	 	19.	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.

   

	 	20.	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.

 

     

     

    

 

	 	21.	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.

 

	 	22.	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.]

 

 

 

 

 

 

 

     

     

    

  

 

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

 

	MDJM Ltd.	 
	 	 	 
	By:	 	
        /s/
	 
	Name:	 	 	 
	Title:	 	 	 

 

Executive

 

	Signature:	 	
        /s/
	 
	Name:	 	 	 

 

 

 

[Signature Page to
Employment Agreement]

 

 

 

 

 

 

     

     

    

 

Schedule A

 

Annual compensation is $[ ].

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00286-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00286-of-00352.parquet"}]]