Document:

EX-10.4

 Exhibit 10.4 

EMPLOYMENT AGREEMENT 

This EMPLOYMENT AGREEMENT (the “Agreement”) is entered into as of 1st March 2021, by and between ICZOOM Group Inc..,
an exempted company incorporated and existing under the laws of the Cayman Islands (the “Company”) and He Qiang, an individual with ID number 440202198502171216 (the “CFO”). 

RECITALS 
 WHEREAS, the Company desires to
employ the executive the Chief Financial Officer -CFO and to assure itself of the services of the Chief Financial Officer during the term of Employment (as defined below) and under the terms and conditions of
the Agreement; 
 WHEREAS, the Executive, (here in after known as the the Chief Financial Officer) desires to be employed by the Company during the term of
Employment and under the terms and conditions of the Agreement; 
  

	1.	 EMPLOYMENT 

The Company hereby agrees to employ the Chief Financial Officer and the Chief Financial Officer hereby accepts such employment, on the terms
and conditions hereinafter set forth (the “Employment”). 

  
  

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	2.	 TERM 

Subject to the terms and conditions of the Agreement, the initial term of the Employment shall be 36 months, commencing on 1st March, 2021) (the “Effective Date”) and ending on 29th February, 2024 (the “Initial Term”), unless terminated earlier
pursuant to the terms of the Agreement. Upon expiration of the Initial Term of the Employment, the Employment shall be automatically extended for successive periods of 6 months each (each, an “Extension Period”) unless either party shall
have given 30 days advance written notice to the other party, in the manner set forth in Section 18 below, prior to the end of the Extension Period in question, that the term of this Agreement that is in effect at the time such written notice
is given is not to be extended or further extended, as the case may be (the period during which this Agreement is effective being referred to hereafter as the “Term”). 

 

	3.	 POSITION AND DUTIES 

 

	 	(a)	 During the Tern, the Chief Financial Officer shall serve as the Chief Financial Officer of the Company or its
subsidiaries and affiliated entities as the Chief Financial Officer of the Company may specify from time to time and shall have the duties, responsibilities and obligations customarily assigned to individuals serving in the position or positions in
which the Chief Financial Officer serves hereunder. 

  

	 	(b)	 The Chief Financial Officer agrees serve: 

 

	 	•	 	 Lead overall finance function to ensure that all financial and control disciplines meet the company’s short
and long-term business objectives and comply with regulations, accounting principles and standards; 

  

	 	•	 	 Drive the company’s financial planning 

 

	 	•	 	 Identify and address financial risks and opportunities for the company 

 

	 	•	 	 Develop and implement investment strategies that supports long term business growth 

 

	 	•	 	 Establish and develop relations with external partners and stakeholder 

  
  

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	4.	 LOCATION 

The Chief Financial Officer will be based in China (including Hong Kong) or any other location selected by the Chief Financial Officer at his
convenience of work during the Term. 
  

	5.	 COMPENSATION AND BENEFITS 

 

	 	(a)	 Cash Compensation. As compensation for the performance by The Chief Financial Officer of his/her
obligations hereunder, during the Term, the Company shall pay The Chief Financial Officer cash compensation (exclusive of the statutory benefit contributions that the Company is required to set aside for the Chief Financial Officer under applicable
law), subject to annual review and adjustment by the Board or any committee designated by the Board. The remuneration of The Chief Financial Officer shall be US120,000 per year,( US10,000 per month). Half of cash compensation (US 5,000 per
month)shall be paid in RMB by one of the Group’s affiliates located in Shenzhen. For the cash payment assumed by designated affiliate in Mainland China, a separate employment agreement may be required subjected to the local regulations and
laws. The second half of cash compensation (US 5,000 per month)shall be paid in USD by one of the Group’s affiliate located outside Mainland China. The above monthly cash compensation shall be paid on no later than the 8th day of next month. 

  

	 	(b)	 Equity Incentives. During the Term, the Chief Financial Officer shall be eligible to participate, at a
level comparable to similarly situated other executive of the Company, in such long-term compensation arrangements as may be authorized from time to time by the Board, including any share incentive plan. 

  
  

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	 	(c)	 Benefits. During the Term, the Chief Financial Officer shall be entitled to participate in all of the
employee benefit plans and arrangements made available by the Company to its similarly situated Executive - CFOs, including, but not limited to, any retirement plan, medical insurance plan and travel/holiday policy, subject to and on a basis
consistent with the terms, conditions and overall administration of such plans and arrangements. The Company shall reimburse all business related expenses includes but not limited to hotel, transportation and etc . The Company has to insurance on
the responsibility for the Chief Financial Officer. 

  

	6.	 TERMINATION OF THE AGREEMENT 

The Employment may be terminated as follows: 
  

	 	(a)	 Disability. The Employment shall terminate if the Chief Financial Officer has a disability, including
any physical or mental impairment which, as reasonably determined by the Board, renders the Chief Financial Officer unable to perform the essential functions of his/her position at the Company, even with reasonable accommodation that does not impose
an undue burden on the Company, for more than 180 days in any 12-month period, unless a longer period is required by applicable law, in which case that longer period shall apply. 

 

	 	(b)	 Good Reason. the Chief Financial Officer may terminate his/her employment hereunder for “Good
Reason” upon the occurrence, without the written consent of The Chief Financial Officer, of an event constituting a material breach of this Agreement by the Company that has not been fully cured within ten business days after written notice
thereof has been given by the Chief Financial Officer to the Company setting forth in sufficient detail the conduct or activities the Chief Financial Officer believes constitute grounds for Good Reason, including but not limited to:

 the failure by the Company to pay to the Chief Financial Officer any portion of The Chief Financial Officer’s
current compensation or to pay to The Chief Financial Officer any portion of an instalment of deferred compensation under any deferred compensation program of the Company, within 5 business days of the date such compensation is due; or 

  
  

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 any material breach by the Company of this Agreement. 

 

	 	(c)	 Notice of Termination. Any termination of The Chief Financial Officer’s employment under the
Agreement shall be communicated by written notice of termination (“Notice of Termination”) from the terminating party to the other party. The notice of termination shall indicate the specific provision(s) of the Agreement relied upon in
effecting the termination. 

  

	 	(d)	 Compensation upon Termination. 

 

	 	(1)	 Death. If The Chief Financial Officer’s employment is terminated by reason of The Chief Financial
Officer’s death, the Company shall have no further obligations to the Chief Financial Officer under this Agreement and The Chief Financial Officer’s benefits shall be determined under the Company’s retirement, insurance and other
benefit and compensation plans or programs then in effect in accordance with the terms of such plans and programs. 

  

	 	(2)	 By Company for Cause or by the Chief Financial Officer other than for Good Reason. If The Chief
Financial Officer’s employment shall be terminated by the Company for Cause or by the Chief Financial Officer other than for Good Reason, the Company shall pay the Chief Financial Officer his/her base salary at the rate in effect at the time
Notice of Termination is given through the Date of Termination, and the Company shall have no additional obligations to the Chief Financial Officer under this Agreement. 

  
  

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	7.	 CONFIDENTIALITY AND NONDISCLOSURE 

 

	 	(a)	 Confidentiality and Non-Disclosure. 

 

	 	(1)	 The Chief Financial Officer acknowledges and agrees that: (A) The Chief Financial Officer holds a position
of trust and confidence with the Company and that his/her employment by the Company will require that The Chief Financial Officer have access to and knowledge of valuable and sensitive information, material, and devices relating to the Company
and/or its business, activities, products, services, customers and vendors, including, but not limited to, the following, regardless of the form in which the same is accessed, maintained or stored: the identity of the Company’s actual and
prospective customers and, as applicable, their representatives; prior, current or future research or development activities of the Company; the products and services provided or offered by the Company to customers or potential customers and the
manner in which such services are performed or to be performed; the product and/or service needs of actual or prospective customers; pricing and cost information; information concerning the development, engineering, design, specifications,
acquisition or disposition of products and/or services of the Company; user base personal data, programs, software and source codes, licensing information, personnel information, advertising client information, vendor information, marketing plans
and techniques, forecasts, and other trade secrets (“Confidential Information”); and (B) the direct and indirect disclosure of any such Confidential Information would place the Company at a competitive disadvantage and would do
damage, monetary or otherwise, to the Company’s business. 

  
  

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	 	(b)	 Third Party Information in the Company’s Possession. The Chief Financial Officer recognizes that
the Company may have received, and in the future may receive, from third parties their confidential or proprietary information subject to a duty on the Company’s part to maintain the confidentiality of such information and to use it only for
certain limited purposes. The Chief Financial Officer agrees that The Chief Financial Officer owes the Company and such third parties, during the Term and thereafter, a duty to hold all such confidential or proprietary information in strict
confidence and not to disclose such information to any person or firm, or otherwise use such information, in a manner inconsistent with the limited purposes permitted by the Company’s agreement with such third party. 

 

	8.	 NON-COMPETITION AND
NON-SOLICITATION 

  

	 	(a)	 Non-Competition. In consideration of the compensation provided
to The Chief Financial Officer by the Company hereunder, the adequacy of which is hereby acknowledged by the parties hereto, The Chief Financial Officer agrees that during the Term and for a period of six months following the termination of the
Employment for whatever reason, The Chief Financial Officer shall not engage in Competition (as defined below) with the Group. For purposes of this Agreement, “Competition” by The Chief Financial Officer shall mean The Chief Financial
Officer’s engaging in, or otherwise directly or indirectly being employed by or acting as a consultant or lender to, or being a director, officer, employee, principal, agent, stockholder, member, owner or partner of, or permitting The Chief
Financial Officer’s name to be used in connection with the activities of, any other business or organization which competes, directly or indirectly, with the Group in the Business; provided, however, it shall not be a violation
for The Chief Financial Officer to become the registered or beneficial owner of up to five percent (5%) of any class of the capital stock of a publicly traded corporation in Competition with the Group, provided that The Chief Financial Officer does
not otherwise participate in the business of such corporation. 

  
  

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	 	(b)	 Non-Solicitation;
Non-Interference. During the Term and for a period of six months following the termination of The Chief Financial Officer’s employment for any reason, The Chief Financial Officer agrees that he/she
will not, directly or indirectly, for The Chief Financial Officer’s benefit or for the benefit of any other person or entity, do any of the following: 

  

	 	(1)	 solicit or seek to solicit from any customer doing business with the Group during the Term business of the same
or of a similar nature to the Business; 

  

	 	(2)	 solicit or seek to solicit from any known potential customer of the Group business of the same or of a similar
nature to that which, whether or not has been the subject of a known written or oral bid, offer or proposal by the Group, or of substantial preparation with a view to making such a bid, proposal or offer; 

  
  

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	 	(3)	 solicit or seek to solicit the employment or services of, or hire or engage, any person who is employed or
engaged by the Group; 

  

	 	(4)	 assume employment with or provide services to any competitors of the Group, or engage, whether as principal,
partner, licensor or otherwise, any of the Group’s competitors, without the Group’s prior written consent; or 

otherwise interfere with the business or accounts of the Group, including, but not limited to, with respect to any relationship or agreement
between the Group and any vendor or supplier. 
  

	9.	 ENTIRE AGREEMENT 

The Agreement constitutes the entire agreement and understanding between The Chief Financial Officer and the Company regarding the terms of the
Employment and supersedes all prior or contemporaneous oral or written agreements concerning such subject matter. The Chief Financial Officer acknowledges that he/she has not entered into the Agreement in reliance upon any representation, warranty
or undertaking which is not set forth in the Agreement. 

  
  

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	10.	 GOVERNING LAW 

The Agreement shall be governed by and construed in accordance with the law of the State of New York, U.S.A. 

 

	11.	 COUNTERPARTS 

The 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. The 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. 

[Remainder of the page intentionally left blank.] 

  
  

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

							
	COMPANY:	 		 	ICZOOM Group Inc.
		 		 	a Cayman Islands exempted company
				
		 		 	By:	 	 

  

		 		 	Title:	 	Director
				
	EXECUTIVE -CFO:	 		 		 	
			
		 		 	 /s/ Qiang He

		 		 	Name:	 	Qiang He

  
  

11EX-10.6

 

 
  

 Exhibit 10.6 

ICZOOM GROUP INC. 

[●], 2021 
 [NAME OF THE INDEPENDENT
DIRECTOR] 
 [ADDRESS OF THE INDEPENDENT DIRECTOR] 

  Re: Director Offer Letter 
 Dear
Mr.             , 
 ICZOOM Group Inc., a Cayman Islands exempted company limited by
shares (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, 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 director shall commence on the effective date of the prospectus that the Company has filed with the U.S. Securities and Exchange Commission in connection with its initial public offering and continue subject to the
provisions in Section 9 below or until your successor is duly elected and qualified. The position shall be up for re-election at the first 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 and/or the Board’s committees set forth on
Schedule A attached hereto and perform the duties as provided in the charter of the Company and/or the charter of such committee (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 B 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. D&O
Insurance Policy. During the term under this Agreement, the Company shall include you as an insured under an officers and directors insurance policy with coverage determined annually by the Company and the Board. 

5. No Assignment. Because of the personal nature of the services to be rendered by you, this Agreement may not be assigned by
you without the prior written consent of the Company. 
 6. Confidential Information;
Non-Disclosure. In consideration of your access to certain Confidential Information (as defined below) of the Company, in connection with your business relationship with the Company, you hereby
represent and agree as follows: 
 a. Definition. For purposes of this Agreement the term “Confidential Information”
means: 
 i. Any information which the Company possesses that has been created, discovered or developed by or for the
Company, and which has or could have commercial value or utility in the business in which the Company is engaged; or 
 ii.
Any information which is related to the business of the Company and is generally not known by non-Company personnel.

  
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Address: Room 102, Technology Building, International e-Commerce Industrial park, 105Meihua Rd, Futian District, Shenzhen 

 

 
  

 iii. Confidential Information includes, without limitation, trade secrets and
any information concerning services provided by the Company, concepts, ideas, improvements, techniques, methods, research, data, know-how, software, formats, marketing plans, and analyses, business plans and
analyses, strategies, forecasts, customer and supplier identities, characteristics and agreements. 
 b. Exclusions.
Notwithstanding the foregoing, the term Confidential Information shall not include: 
 i. Any information which becomes
generally available to the public other than as a result of a breach of the confidentiality portions of this Agreement, or any other agreement requiring confidentiality between the Company and you; 

ii. Information received from a third party in rightful possession of such information who is not restricted from disclosing
such information; and 
 iii. Information known by you prior to receipt of such information from the Company, which prior
knowledge can be documented. 
 c. Documents. You agree that, without the express written consent of the Company, you will not
remove from the Company’s premises, any notes, formulas, programs, data, records, machines or any other documents or items which in any manner contain or constitute Confidential Information, nor will you make reproductions or copies of same.
You shall promptly return any such documents or items, along with any reproductions or copies, to the Company upon the earliest of Company’s demand, termination of this Agreement, or your termination or Resignation, as defined in Section 9
herein. 
 d. Confidentiality. You agree that you will hold in trust and confidence all Confidential Information and will not
disclose to others, directly or indirectly, any Confidential Information or anything relating to such information without the prior written consent of the Company, except as maybe necessary in the course of your business relationship with the
Company. You further agree that you will not use any Confidential Information without the prior written consent of the Company, except as may be necessary in the course of your business relationship with the Company, and that the provisions of this
paragraph (d) shall survive termination of this Agreement. 
 e. Ownership. You agree that Company shall own all right,
title and interest (including patent rights, copyrights, trade secret rights, mask work rights, trademark rights, and all other intellectual and industrial property rights of any sort throughout the world) relating to any and all inventions (whether
or not patentable), works of authorship, mask works, designations, designs, know-how, ideas and information made or conceived or reduced to practice, in whole or in part, by you during the term of this
Agreement and that arise out of your Duties (collectively, “Inventions”) and you will promptly disclose and provide all Inventions to the Company. You agree to assist the Company, at its expense, to further evidence, record and perfect
such assignments, and to perfect, obtain, maintain, enforce, and defend any rights assigned. 
 7.
Non-Competition. You agree and undertake that you will not, so long as you are a member of the Board and for a period of 12 months following termination of this Agreement for whatever reason,
directly or indirectly as owner, partner, joint venture, 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.
 8. Non-Solicitation. So long as you are a member of the Board and for a period of 12 months thereafter, you shall not directly or indirectly solicit for employment any individual who was an employee of the
Company during your tenure. 

  
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Address: Room 102, Technology Building, International e-Commerce Industrial park, 105Meihua Rd, Futian District, Shenzhen 

 

 
  

 9. Termination and Resignation. Your membership on the Board or on a Board
committee 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.

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

11. Entire Agreement; Amendment; Waiver; Counterparts. This Agreement expresses the entire understanding with respect to the
subject matter hereof and supersedes and terminates any prior oral or written agreements with respect to the subject matter hereof. Any term of this Agreement may be amended and observance of any term of this Agreement may be waived only with the
written consent of the parties hereto. Waiver of any term or condition of this Agreement by any party shall not be construed as a waiver of any subsequent breach or failure of the same term or condition or waiver of any other term or condition of
this Agreement. The failure of any party at any time to require performance by any other party of any provision of this Agreement shall not affect the right of any such party to require future performance of such provision or any other provision of
this Agreement. This Agreement may be executed in separate counterparts each of which will be an original and all of which taken together will constitute one and the same agreement, and may be executed using facsimiles of signatures, and a facsimile
of a signature shall be deemed to be the same, and equally enforceable, as an original of such signature. 
 12.
Indemnification. The Company shall, to the maximum extent provided under applicable law, indemnify and hold you harmless from and against any expenses, including reasonable attorney’s fees, judgments, fines, settlements and other
legally permissible amounts (“Losses”), incurred in connection with any proceeding arising out of, or related to, your performance of your Duties, other than any such Losses incurred as a result of your negligence or willful misconduct.
The Company shall advance to you any expenses, including reasonable attorneys’ fees and costs of settlement, incurred in defending any such proceeding to the maximum extent permitted by applicable law. Such costs and expenses incurred by you in
defense of any such proceeding shall be paid by the Company in advance of the final disposition of such proceeding promptly upon receipt by the Company of (a) written request for payment; (b) appropriate documentation evidencing the
incurrence, amount and nature of the costs and expenses for which payment is being sought; and (c) an undertaking adequate under applicable law made by or on your behalf to repay the amounts so advanced if it shall ultimately be determined
pursuant to any non-appealable judgment or settlement that you are not entitled to be indemnified by the Company. 

13. Not an Employment Agreement. This Agreement is not an employment agreement, and shall not be construed or interpreted to
create any right for you to continue employment with the Company. 
 14. Acknowledgement. You accept this Agreement subject to
all the terms and provisions of this Agreement. You agree to accept as binding, conclusive, and final all decisions or interpretations of the Board of the Company of any questions arising under this Agreement. 

  
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Address: Room 102, Technology Building, International e-Commerce Industrial park, 105Meihua Rd, Futian District, Shenzhen 

 

 
  

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

			
	Sincerely,
	
	ICZOOM Group Inc.
		
	By:	 	  

	Name:	 	Lei Xia
	Title:	 	Chief Executive Officer

  

			
	AGREED AND ACCEPTED:

			
		
	By:  	 	  

			
	Name:	 	

  
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Address: Room 102, Technology Building, International e-Commerce Industrial park, 105Meihua Rd, Futian District, Shenzhen 

 

 
  

 Schedule A 

The Director is offered to serve on the following Board committee(s): 
  

			
	Committee	  	Title
	 Audit Committee
	  	
	 Nominating and Governance Committee
	  	
	 Compensation Committee
	  	

  
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Address: Room 102, Technology Building, International e-Commerce Industrial park, 105Meihua Rd, Futian District, Shenzhen 

 

 
  

 Schedule B 

Compensation 
 During your term as a member of
Board of Directors of the Company, you will receive annual cash compensation in the amount of $[●], payable quarterly, and [●] Class A Ordinary Shares compensation to be issued under the 2021 Equity Incentive Plan of the Company as
set forth below: 
  

									
	 Share
	  	 Amount
	  	 Exercise
Price
	  	 Vesting
Schedule
	  	 Potential
Forfeiture

	Class A Ordinary Share	  	[●]	  	N/A	  	Issuable upon the completion of the Company’s initial public offering and vest immediately upon issuance	  	N/A

  
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Address: Room 102, Technology Building, International e-Commerce Industrial park, 105Meihua Rd, Futian District, Shenzhen

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