Document:

Exhibit 10.3

 

Employment Agreement

 

Employer: Huadi International Group
Co., Ltd. (“Party A”)

Address: 1688 Yongzhong Street, Longwan
District, Wenzhou, PRC

Legal representative: Di Wang

 

Employee: Huisen Wang (“Party
B”)

Address:

ID number:

 

		I.	Contract
period

 

This contract is fixed-term contract
starting from November 1, 2019 through November 1, 2021.

  

		II.	Labor
remuneration

 

The annual salary of Party B
is RMB100,000 per year.

 

The annual salary of Party B
includes the basic salary, the house benefits and transportation benefits, the overtime work compensation, laid off economic compensation,
non competition compensation, social security benefits and other benefits and bonus etc.

 

Party B dully understands the
salary system of Party B and accepts such salary payment. The parties can stipulate the other salary standard through negotiation
and put such agreement in writing.

 

Party A shall fully pay the salary
to Party B monthly in cash and shall not delay or hold it without reason.

 

		III.	Work
hours, Rest and Leave

 

Party A adopts the standard work
hour system and the other work hour system permitted by the laws and regulations of PRC.

 

Party B enjoys all holidays and
vacation rights under the national regulations during the contract period.

 

		IV.	Social
insurance

 

Following the related national
and local social insurance law, Party A shall pay social insurance fee on behalf of Party B; Party A shall deduct from Party B’s
salary the individual payment part for the social security fee.

 

Upon the termination of the contract,
Party A shall perform relevant social insurance procedure for Party B.

 

Any other benefits shall be based
on relevant policies and regulations by the national and local government.

 

		V.	Employment
protection, work condition and protection against occupational hazards

 

Party A shall strictly follow
all laws and regulations related to labor protection by the national and local government of PRC and shall provide Party B with
necessary work conditions and tools, establish safe production process, design standard operating instructions, work specifications
and labor safety and health system.

 

If Party B involves in occupational
hazards, Party A shall follow the national regulations to perform pre-service and post-service occupational health check; and shall
provide regular health examinations during the contract period.

 

If Party A provides Party B occupational
trainings and pays the training fees, the parties can execute training service agreement specifying the service duration and breach
liability

  

     

     

    

 

		VI.	Labor
disciplines and regulations:

 

Party A shall make all legally
designed labor disciplines and regulations public to Party B. Party B shall strictly follow regulations and rules of Party A and
shall complete all tasks, improve his/her professional skills and execute all labor disciplines and ethics. If Party B violates
any regulations, Party A can give appropriate administrative sanctions or terminate the contract under worse scenario according
to its disciplines and regulations.

 

Party B shall keep confidential
all the information he received about the business secret and other confidential information.

 

		VII.	Modification,
revision, termination of the contract

 

When the labor contract expires
or the termination condition of the labor contract stipulated by the two parties occurs, the labor contract shall be terminated.
Upon mutual consent, the parties can renew the labor contract. The modification of the labor contract shall be carried out in accordance
with the relevant regulations and laws of PRC.

 

		VIII.	Financial
compensation and damages:

 

If Party A terminates the contract
and is in violation of relevant labor laws and regulations, it shall pay Party B financial compensation and economic damages incurred
if Party B suffers such damages.

 

If Party B terminates this contract
and in breach of the contract provisions herein, he shall pay Party A following loss:

 

	 	a.	all training fees paid by Party A,

 

	 	b.	the direct economic loss caused to Party A, and

 

	 	c.	The breach compensation to Party A due to Party B’s violation of business confidentiality and non -competition agreement.

 

	 	d.	Other compensation costs mentioned in the contract.

 

		IX.	Other
stipulations

 

Party A has the right to knowledge the basic information
of Part B before Party B signs this labor contract.

 

		X.	Dispute
resolution:

 

Any labor dispute regarding performance
of this contract can be brought up for medication and arbitration If any party could not agree with the result of the arbitration,
it can initiate litigation or negotiate to solve such disputes.

 

Upon the disputes, the party
who would like to proceed via arbitration shall submit written application to Labor Dispute Arbitration Committee for arbitration.
Either party can initiate litigation in court within 15 days since it receives the arbitration award if it could not agree with
the agreement.

 

		XI.	Miscellaneous

 

The bylaws and regulations of
Party A are appendix to this labor contract, which shall constitute the whole labor contract with this contract.

 

Any unresolved issue of this
contract, parties can revolve through negotiation. If provisions of this contract conflict with laws and regulations of PRC, such
provisions shall be nullified and the associate national laws and regulations shall prevail.

 

This contract is written in duplicate
with each party holding one copy. The contract will come into force upon execution or stamp of both parties.

 

Party A: Huadi International
Group Co., Ltd.

 

Party B: Huisen Wang

 

The contract was signed on November 1, 2019.Exhibit 10.4

 

SME Financing Agreement

 

China Minsheng Bank Wenzhou Branch

 

Party A: Huadi Steel Group Limited (the
“Borrower”)

Address: 1688 Yongzhong Street, Longwan
District, Wenzhou, PRC

Legal representative: Di Wang

 

Party B: China Minsheng Bank Wenzhou Branch
(the “Lender”)

Address: 1 Huaijiang Road, Lucheng District,
Wenzhou, PRC

Contact person: Qing He

 

Rider

 

Article 1. Line of credit: RMB 14,900,000

 

Article 2. Term: From April 25, 2019 to
April 25, 2020

 

Article 3. Account number: ---

 

Article 4. Security interest:

 

	Name of Guarantor	 	Agreement No. 	 	Agreement Name
	 	 	 	 	 
	Huadi Steel Group Limited	 	---	 	Collateral Agreement
	Huadi Steel Group Limited	 	---	 	Collateral Agreement
	Huadi Steel Group Limited	 	---	 	Collateral Agreement
	Taizhou Huadi Co., Ltd.	 	---	 	Collateral Agreement
	Di Wang, Jueqin Wang and Juepeng Wang	 	 	 	Collateral Agreement

 

SME Financing Agreement

 

General

 

		1.	The maximum credit amount that Party A can apply to Party B during the term of the maximum credit
line shall be stipulated in Article 1 of the Rider.

 

		2.	The credit line refers to the amount of the guarantee and the equivalent of the guarantee, that
is, the equal amount of financing used by the third party other than Party A or Party A to pay the deposit and its equivalent does
not occupy the above amount.

 

		3.	The use of proceeds shall include but not limited to the following:

 

		(1)	Working capital loan

 

		(2)	Bank acceptance draft

 

		(3)	Commercial draft discounting

 

     

     

    

 

Working Capital Loan Agreement

 

		1.	Loan interest rate is negotiated upon each withdrawal.

 

		2.	If Borrower fails to repay the loan on time, Lender has right to charge Borrower the penalty interest
which will be calculated as the penalty interest rate times the number of days due. 

 

The penalty interest rate = the
interest rate specified in this contract plus 50% of the interest rate

 

		3.	Borrower shall repay all the loan principal at one time before the contract maturity date.

 

		4.	If Borrower wants to repay the loan prior to the maturity date, Borrower shall notify Borrower
in writing 10 business days in advance. Upon approval of Loaner, such written application cannot be revoked.

 

		5.	If Borrower uses the loan in violation of the purpose of this agreement, Loaner has right to terminate
the agreement and charge Borrower the penalty interest which will be calculated as the penalty interest rate times the number of
days due.

 

		6.	The penalty interest rate = the interest rate specified in this contract plus 50% of the interest
rate.

 

Bank Acceptance Draft

 

		1.	Loan interest rate is set upon each application.

 

Interest rate = draft amount
– discounting interest amount

 

Discounting interest amount =
draft amount * discount rate * discount term

 

		2.	If Borrower breached the agreement, Lender has right to charge Borrower the penalty interest which
will be calculated as the penalty interest rate times the number of days due. 

 

The penalty interest rate = the
interest rate specified in this contract plus 50% of the interest rateExhibit 10.2

 

DEMAND
PROMISSORY NOTE

 

Amount:
$16,534.41                                                                           Date: April 30, 2020

 

FOR
VALUE RECEIVED, $16,534.41 Gushen Inc. whose address is 1185 Avenue of the Americas, 3rd Floor, New York, NY
10036 (hereinafter the “Maker”) promises to pay to the order of Custodian Ventures, LLC (the
“Holder”) at 1185 Avenue of the Americas, 3rd Floor, New York, or at such other place as the holder hereof shall
designate to the undersigned in writing, in lawful money of the United States of America, the principal amount of $16,534.41
on demand by the Holder (the “Demand Date”).

 

In
the event the principal hereunder shall remain unpaid for a period of ten (30) days or more following the Demand Date, a late
charge equivalent to one (1%) percent of such payment shall be charged. In the event of default in any payment due under this
demand promissory note, which remains unpaid for a period of ten days or more, the principal and accrued interest amount shall
immediately become due and payable without any further demand or request.

 

If
any payment of principal or interest on this Note becomes due and payable on a Saturday, Sunday or public holiday under the laws
of the State of New York, the due date hereof shall be extended to the next succeeding full business day. All payments received
by the holder shall be applied first to the payment of accrued interest and then to principal.

 

This
Note may be prepaid in whole or in part at any time.

 

In
the event that this Note shall be placed in the hands of an attorney for collection by reason of any default hereunder, the undersigned
agrees to pay reasonable attorney’s fees and disbursements and other reasonable expenses incurred by the payee in connection
with the collection of this Note.

 

The
rights, powers and remedies given to the payee under this Note shall be in addition to all rights, powers and remedies given to
it by virtue of any statute or rule of law.

 

Any forbearance, failure or delay by the payee in exercising any right, power or remedy under this Note or otherwise available
to the payee shall not be deemed to be a waiver of such right, power or remedy, nor shall any single or partial exercise of any
right, power or remedy preclude the further exercise thereof.

 

No
modification or waiver of any provision of this Note shall be effective unless it shall be in writing and signed by the payee,
and any such modification or waiver shall apply only in the specific instance for which given.

 

This
Note and the rights and obligations of the parties hereto, shall be governed, construed and interpreted according to the laws
of the State of New York wherein it was negotiated and executed, and the undersigned consents and agrees that the State and Federal
Courts which sit in the State of New York and the County of New York shall have exclusive jurisdiction of all controversies and
disputes arising hereunder.

 

The
undersigned waives the right in any litigation with the payee to trial by jury.

 

The
term “payee” as used herein shall be deemed to include the payee and its successors, endorsees, and assigns.

 

The
undersigned hereby jointly and severally waive presentment, demand for payment, protest, notice or protest and notice of non-payment
hereof.

 

	Gushen Inc.	 
	 	 	 
	By:	/s/ David
    Lazar	 
	Name:	David Lazar	 
	Its:	CEO	 
	 	 	 
	Custodian Ventures LLC	 
	 	 	 
	By:	/s/ David
    Lazar	 
	Name: 	David Lazar	 
	Its:	CEO

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