Document:

UNITED
STATES TRADE CENTER SERVICE PROVIDER AGREEMENT

 

This United
States Service Provider Agreement (this “Agreement”) is made and effective as of November 28, 2016
(the “Effective Date”), by and between AmericaTowne, Inc., a Delaware corporation and reporting company
under the rules promulgated by the United States Securities and Exchange Commission, with a mailing address for
notice purposes of 4700 Homewood Court, Suite 100 in Raleigh, North Carolina 27609 (“AmericaTowne”) and
Mardy MD Eger with an address for notice purposes of 7413 Sixforks Road Raleigh, NC 27615,
North Carolina USA, (the “Service Provider”). AmericaTowne and the Service Provider may be defined
singularly as a “Party” or collectively as the “Parties.”

 

WITNESSETH

 

WHEREAS,
the Parties have determined that the transaction contemplated by this Agreement would be advantageous and beneficial to them.

 

WHEREAS,
the Service Provider and its management have distinct experience working with potential
individuals and businesses who may be candidates for AmericaTowne’s operations and business, including but not limited to,
experience assisting businesses and entrepreneurs who may be candidates for occupancy, or facilitating the acquisition of goods
and performing services to AmericaTowne, securing funding (credit lines, loans and loan guarantees), insurance, supplier and export
contracts and other related services that could assist candidates in conducting business with AmericaTowne. These services are
collectively referred to herein as “Support Services”

 

WHEREAS,
in consideration for the Service Provider having an agreement with AmericaTowne in providing Support Services, and the Service
Provider in agreeing not to provide similar services to other parties similarly situated as AmericaTowne, the Parties agree to
the terms and conditions of this Agreement.

 

WHEREAS,
the Parties agree that the parties shall form a Limited Liability Company (LLC) whose name will include the word AmericaTowne.
AmericaTowne, Inc. shall determine the LLC’s composition and ownership. The Service Provider shall own no less than 25%
of the LLC.

 

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WHEREAS,
the Parties agree that the location of the Service Provider’s business operations will be in the Country of the United States,
and located in the city of Wilson, North Carolina or another location as designated by AmericaTowne.

 

WHEREAS,
the Parties agree that the LLC will operate from a designated location approved by AmericaTowne and that is commensurate with
AmericaTowne’s office in Raleigh, North Carolina, USA. The Service Provider will manage this office. It is agreed that the
Service Provider’s initial office and physical location will be in, Wilson, North Carolina. The exact address will be determined
within the next 60 days. 

 

WHEREAS,
the Parties agree that the LLC’s ownership may change as directed by AmericaTowne to accommodate other investors, and at
all times the Service Provider’s ownership shall remain at a minimum of 25%.

 

WHEREAS,
the Recitals stated herein are not mere statements, but representations and warranties of the parties, and material terms in which
each party has relied upon in executing this Agreement.

 

NOW,
THEREFORE, in consideration the representations, warranties and agreements herein contained, the Parties agree as follows:

 

1.       Term
of Agreement. This Agreement shall become effective upon the Effective Date and, absent gross negligence, or willful and
material breach of this Agreement or intentional violation of any law by the Service Provider that cannot be reasonably cured
by the Service Provider within thirty (30) days of receipt of written notice by AmericaTowne of the alleged action or
omission, this Agreement shall not be terminated absent mutual written agreement between the Parties prior to December 31,
2021 (the “Term”). The Parties agree that in the event of termination under this Section 1, any and all
corresponding rights, duties and obligations intended to survive post-termination shall remain in full force and effect. Upon
termination under this Section 1, AmericaTowne shall reimburse the Service Provider for any approved compensation and
expenses incurred related to fulfilling its duties under this Agreement. In the event the Parties do not organize the LLC as
contemplated herein, within 45 days of the effective date this Agreement is null and void.

 

2.       Option
and Conditions to Extension of Term. AmericaTowne retains the option to extend the Term under its sole discretion until December
7, 2025 subject to the terms of this Section 2 (the “Option Term”). The Option Term shall become effective
provided AmericaTowne provides written notice to the Service Provider by 10/31/2021 of its intent to exercise the option right
herein. AmericaTowne may terminate this Agreement at any time during the Option Term subject to AmericaTowne providing written
notice to the Service Provider fifteen (15) days prior to the termination. The Parties agree that in the event of termination
under this Section 2, any and all corresponding rights, duties and obligations intended to survive post-termination shall remain
in full force and effect. Upon termination under this Section 2, AmericaTowne shall reimburse the Service Provider for any approved
compensation and expenses incurred related to fulfilling its duties under this Agreement.

 

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3.       Scope
of Services. The Service Provider shall provide Support Services for the benefit of
AmericaTowne in a manner deemed commercially acceptable by AmericaTowne. The Service Provider’s role is to support AmericaTowne’s
export activities. 

 

4.       Compensation.
In consideration of the Service Provider providing the Support Services to AmericaTowne, the Parties have agreed to the “Compensation
Schedule” attached hereto as Exhibit A. 

 

5.       Exclusive
Independent Contractor.
The Service Provider is an independent contractor, and for the consideration agreed upon herein, agrees to provide the services
identified in Section 3, above, on an exclusive basis to AmericaTowne. AmericaTowne shall cooperate with the Service Provider
in providing the Service Provider with sufficient and confidential information and knowledge of AmericaTowne’s business
in order for the Service Provider to perform under this Agreement. AmericaTowne agrees to be responsible for all costs necessary
in providing this information and knowledge to the Service Provider. The Service Provider has the sole right to control and direct
the means, manner, and method by which the services required by this Agreement will be performed. The Service Provider has the
right to perform the services required by this Agreement at any place or location and at such times as the Service Provider may
determine. The Service Provider has the right to hire assistants as subcontractors or to use employees to provide the services
required by this Agreement provided that such individuals have no less than six months of experience in providing services contemplated
under this Agreement.

 

The
Service Provider represents that those subcontractors or employees performing services under this Agreement on behalf of the Service
Provider meet The Service Provider’s conditions of employment. The Service Provider, or the Service Provider’s employees
or contract personnel shall perform the services required by this Agreement, and AmericaTowne shall not hire, supervise, or pay
any assistants to help the Service Provider. Neither the Service Provider nor the Service Provider’s employees or contract
personnel shall receive any training from the AmericaTowne in the professional skills necessary to perform the services required
by this Agreement, unless otherwise agreed upon by the Parties.

 

6.       Waiver
and Assumption of Liability. The Service Provider assumes all liability for personal injuries of any kind or death directly
related the recklessness or willful misconduct of its performance under this Agreement. The Service Provider assumes all liability
and responsibility for its personal property while acting under this Agreement.

 

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7.       Confidential
Information.  The Service Provider will not disclose or use, either during or after the term of this Agreement, any
proprietary or confidential information of AmericaTowne without AmericaTowne’s prior written consent except to the extent
necessary to perform services on AmericaTowne’s behalf. Proprietary or confidential information includes the written, printed,
graphic, or electronically recorded materials furnished by the AmericaTowne for the Service Provider to use; information belonging
to AmericaTowne about whom the Service Provider gained knowledge as a result of the Service Provider’s services to AmericaTowne.
AmericaTowne agrees it will not provide the Service Provider with false written or verbal information. The Service Provider shall
not be restricted in using any material that is publicly available, already in the Service Provider’s possession, or known
to the Service Provider without restriction, or the Service Provider from sources other than AmericaTowne rightfully obtains that.
On termination of this Agreement, the Service Provider shall deliver to AmericaTowne all materials in the Service Provider’s
possession relating to AmericaTowne’s business.

 

8.       Agreement
Not To Circumvent. The Parties agree that the AmericaTowne has a legitimate business purpose in seeking a restrictive covenant
from the Service Provider not to directly or indirectly circumvent confidential information in order to either benefit directly
or indirectly from the opportunities presented by and paid for by AmericaTowne. The Parties agree that the restrictions in this
section are fair and reasonable in all respects. If any provision of this section is ever held by a court to be unreasonable,
the Parties agree that this section shall be enforced to the extent it is deemed to be reasonable. This section survives any termination
of this Agreement.

 

9.       Covenant
Not to Compete. The Service Provider agrees that in consideration of the compensation set forth herein and in consideration
of the AmericaTowne sharing confidential and proprietary information with the Service Provider, the Service Provider agrees that
during the Term herein and for six (6) months after termination of this Agreement, the Service Provider shall not actively compete
against AmericaTowne in the United States of America or in any other country in which the AmericaTowne now or during the Term
or, if applicable, the Option Term of this Agreement does business. By executing this Agreement, the Service Provider agrees that
the AmericaTowne has a legitimate business interest in seeking the restrictive covenant herein.

 

10.       Intellectual
Property. All materials developed by the Service Provider for AmericaTowne, if any, will belong exclusively to AmericaTowne,
and will be deemed to have been developed and created by the Service Provider for AmericaTowne as “work for hire.”

 

    	-4- 

    	 

    

 

11.       Mutual
Indemnification/Hold Harmless. The Service Provider, as an independent contractor, agrees to indemnify, defend, and hold harmless
AmericaTowne from any and all liability resulting from intentional or reckless acts or the acts of the employees or agents of
the Service Provider. Likewise, AmericaTowne agrees to indemnify, defend, and hold harmless the Service Provider from any and
all liability resulting from intentional or reckless acts or the acts of the employees, agents, franchisees, licensees, directors
or officers of AmericaTowne.

 

The
party entitled to indemnification is defined in this Section 10 as the “Indemnified Party,” and the party providing
the indemnity is the “Indemnifying Party.” In the event of a lawsuit, investigation, or claim, the Indemnifying
Party will, at its sole discretion, cost and expense, protect, defend, indemnify, release and hold harmless the Indemnified Party
from losses arising out of or resulting from any inaccuracy, misrepresentation or breach or non-fulfillment of any covenant or
agreement by the Indemnifying Party in connection with: (i) any and all claims, liabilities, losses or damages related solely
and exclusively to statements prepared by, or made by, the Indemnified Party that were either approved in advance by the Indemnifying
Party or entirely based on information provided by the Indemnifying Party to the Indemnified Party expressly for use in connection
with the services under this Agreement, and (ii) all claims, actions, Suits, proceedings, demands, assessments, judgments, costs
and expenses, including, without limitation, any legal fees and expenses, incident to any of the foregoing, except in case of
the   Indemnified Party’s gross negligence, bad faith or willful misconduct with respect thereto.

 

12.       Permits
and Licenses. The Service Provider declares that it has complied with all federal, state, and local laws requiring business
permits, certificates, and licenses required to carry out the services to be performed under this Agreement.

 

13.       Assignment.
Neither party shall assign its rights or duties under this Agreement unless it receives the prior written approval of the
other party, which approval may be withheld in such party’s sole discretion.

 

14.       Amendment.
This Agreement may be amended by a writing signed by the Parties.

 

15.       Severability.
If any term, provision, covenant or restriction contained in this Agreement is held by any court of competent jurisdiction
to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants or restrictions contained in this Agreement
shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and if a covenant or provision
is determined to be unenforceable by reason of its extent, duration, scope or otherwise, then the Parties intend and hereby request
that the court or other authority making that determination shall only modify such extent, duration, scope or other provision
to the extent necessary to make it enforceable and enforce it in its modified form for all purposes of this Agreement.

 

    	-5- 

    	 

    

 

16.       Complete
Agreement. This Agreement, and the Compensation Schedule, contains the entire agreement between the Parties with respect to
the matters covered herein. The Service Provider acknowledges that this Agreement is entered into solely on the basis of the written
representations contained herein.

 

17.       Applicable
Law. The laws of North Carolina shall govern this Agreement. The Parties agree that, should any dispute arise out of, in connection
with, or relating to this Agreement, that they shall cooperate in good faith to resolve any such disputes, and if unsuccessful,
the Parties agree to binding arbitration under the procedural rules of the American Arbitration Association. The Parties agree
that such arbitration shall be final and binding, and that by agreeing to arbitration, are waiving their right to seek legal remedies
in Court and agree to waive the right to a trial by jury; however, the Parties agree that they have the right to seek equitable
relief from a Court of competent jurisdiction for any alleged breach of Sections 7 through 10 of this Agreement.

 

18.       Counterparts;
Electronic or Facsimile Signature. This Agreement may be executed in one or more counterparts, each of which shall be deemed
an original but all of which together shall constitute one and the same instrument. Signatures on this Agreement may be communicated
by facsimile and or other electronic transmission and shall be binding upon the parties hereto so transmitting their signatures.
Counterparts with original signatures shall be provided to the other parties hereto following the applicable transmission; provided
that the failure to provide the original counterpart shall have no effect on the validity or the binding nature of this Agreement.

 

19.       Joint
Drafting, Negotiation and Conflict Waiver. Each Party agrees that they have had an opportunity to participate in the drafting,
preparation and negotiation of this Agreement. Each of the Parties expressly acknowledges such participation and negotiation in
order to avoid the application of any rule construing contractual language against the drafter thereof and agrees that the provisions
of this Agreement shall be construed without prejudice to the Party who actually memorialized this Agreement in final form.

  

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered as of the date set forth above.

 

AMERICATOWNE,
INC.

 

By:/s/
Alton Perkins

Alton
Perkins

Chairman
of the Board

Authorized
by Board of Directors

 

Date
11/27/16

 

THE
SERVICE PROVIDER

  

By:/s/
Mardy MD Eger

Mr.
Mardy MD Eger

 

Date 11/29/16

 

    	-6- 

    	 

    

MUTUAL
COMPENSATION SCHEDULE

 

This
Compensation Schedule (this “Schedule”) is made and effective as of November 28, 2016, (the “Effective
Date”), by and between AmericaTowne, Inc., a Delaware corporation and reporting company under the rules promulgated
by the United States Securities and Exchange Commission, with a mailing address for notice purposes of 4700 Homewood Court, Suite
100 in Raleigh, North Carolina 27609 (“AmericaTowne”) and Mr. Mardy MD Eger with an address for notice purposes
of 3307 Jennings Farm Road NW, Wilson, NC 27896, North Carolina, USA (the “Service
Provider”), and is incorporated into and merged with the Trade Center Service Provider Agreement between the Service
Provider and AmericaTowne (the “Agreement”.) AmericaTowne and the Service Provider may be defined singularly
as a “Party” or collectively as the “Parties.”

 

WHEREAS,
until further written amendment hereto signed by the Parties, the Parties agree that this Schedule shall govern compensation from
AmericaTowne to the Service Provider for providing those services set forth in the Agreement.

 

NOW,
THEREFORE, in consideration the representations, warranties and agreements herein contained, the Parties agree as follows:

 

1.       Support
Services. Subject to the disclosures set forth in Section 3 and Section 4 of this Schedule, during the Term and, if applicable,
the Option Term, as these terms are defined in the Agreement, AmericaTowne shall pay the Service Provider:

 

a)
Solely at AmericaTowne’s discretion a fee equal to 1.0% to 13% of the gross

value of all funds, insurance, loans and or guarantees charged and collected from those businesses and individuals participating
or contracting with AmericaTowne export program;

b)
A stock award of 25,000 shares of AmericaTowne’s commons stock one year after this agreement is signed and it is still in
force and affect;

c)
Starting at the end of the third month, provided that the Service provider has met the production schedule, a monthly stipend
will be paid solely at the discretion of AmericaTowne; and

d)
A stock option of 25,000 shares of commons stock of AmericaTowne for each year the

agreement is in force for up to five years. Starting in the year 2017 and each year thereafter, the option can be exercised annually
in the month of December on or before the 31st of December at the option price of $1.50 per common share.

 

    	-7- 

    	 

    

2.In
addition, the Service Provider agrees to pay AmericaTowne a nonrefundable service fee of $35,000.00 USD on the Effective Date
(the "Service Fee"). The Service Fee is recognized when deliverables are provided. The Service Fee is paid for deliverables
including the formation and registration of the LLC, recording the Service Provider’s ownership interest in the newly formed
entity, and the delivery of marketing materials to be used by the Service Provider. The Service Fee is to be paid as follows:
$1,000 upon signing this agreement; and monthly payments of $1,000 a month for thirty months. The first monthly payment will start
on 27 February 2017, and run for 34 consecutive months. At the discretion of AmericaTowne Inc. the Service Provider may be required
to sign a note for outstanding service fees. In addition, AmericaTowne Inc. at its sole discretion may exchange other assets or
items of value for payments due. The Service Provider shall be given credit for any and all funds paid pursuant to this agreement.

 

3.       The
Service Provider Is Not A Real Estate Broker. AmericaTowne agrees that the Service Provider is not being compensated as a
real estate broker or salesperson as the Service Provider is not licensed as such a broker or salesperson, and the Service Provider
shall not sell or offer for sale, buy or offer to buy, provide or offer to provide market analyses, list or offer or attempt to
list, or negotiate the purchase or sale or exchange or mortgage of real estate, and AmericaTowne acknowledges and agrees that
it will retain its own attorneys, accountants and real estate brokers and/or salespeople, as needed, for any transactions contemplated
under the Agreement and this Schedule.

 

4.       The
Service Provider Is Not A Securities Broker or Dealer. AmericaTowne agrees that the Service Provider is not being compensated
as a broker/dealer or registered FINRA representative in the business of selling securities. AmericaTowne acknowledges that the
Agreement and this Schedule is limited solely to consulting and advisory services, and AmericaTowne agrees that the compensation
set forth herein shall be categorized as valuable consideration in the context of facilitating the services under the Agreement,
and payment of any consideration under this Schedule constitutes a waiver and release of any claims by AmericaTowne that the payment
is related in any manner to the sale of securities.

 

5.       Merger
and Integration. This Schedule, along with the Agreement, contain the entire agreements of the Parties, and any and all prior
schedules, agreements, representations, promises or, to the extent recognized by a court of competent jurisdiction to constitute
binding duties and obligations under North Carolina law, are superseded by and/or merged into the aforementioned agreements.

 

    	-8- 

    	 

    

 

6.       Miscellaneous.
The Parties agree that all other remaining provisions set forth in the Agreement are incorporated by reference as if fully stated
herein.

 

IN
WITNESS WHEREOF, the parties hereto have caused this Schedule to be executed and delivered as of the date set forth above.

 

AMERICATOWNE,
INC.

 

By:/s/
Alton PerkinsDate 11/27/16

Alton
Perkins

Chairman
of the Board

Authorized
by Board of Directors

 

THE
SERVICE PROVIDER

 

 

By:/s/
Mardy MD EgerDate 11/29/16

Mr.
Mardy MD Eger

 

    	-9-EMPLOYMENT,
LOCK-UP AND OPTIONS AGREEMENT

 

This Employment
Agreement (this “Agreement”) dated November 28, 2016 (effective date) is entered into by and between AmericaTowne,
Inc., a Delaware corporation with a mailing address for notice purposes at 4700 Homewood Court, Suite 100 Raleigh, North Carolina
27609 (the “Company”) and Arhibald Ihegaranya, an individual with a mailing address of at 3421 Dality Drive,
Raleigh, NC 27604, USA (the “Employee”).

 

WHEREAS, Company
wishes to compensate Employee for past services rendered and other consideration, and to retain the continued services of Employee,
and the Employee wishes to continue with his employment by the Company in consideration of the stock issuance remuneration agreed
to herein, including those options and lock-up periods set forth herein.

 

NOW, THEREFORE,
in consideration of the premises and the mutual covenants contained in this Agreement, the parties agree as follows:

 

1. Employment.
The Company hereby employs Employee to serve as its “Vice President for Marketing” and Employee hereby accepts such
employment by the Company, upon the terms and conditions herein provided.

 

2. Duties and Responsibilities.
Employee shall report to the Board of Directors of the Company pursuant to the procedures set forth in the Company’s
Bylaws. Employee agrees to discharge such duties as may be delegated to him from time-to-time by the Company.  The Company
reserves the right to change or modify the designation of Employee or his duties at Company's discretion from time-to-time. During
the term of his employment, unless an actual conflict arises, Employee is authorized to engage in any other business or occupation
provided he has the ability to dedicate, at the very least, twenty hours a month towards the performance of his duties hereunder.
Employee is not prohibited from making passive or personal investments for which the expenditure of time is not required. 
Employee acknowledges that he shall travel, as reasonably required by the Company, in connection with his employment, subject to
the Company paying any and all reasonable expenses in advance of such travel.

 

3. Location.
The initial principal location where the Employee shall perform services for the Company shall not be limited to any particular
location; however, upon establishment by the Company of a permanent business location, the Employee agrees to report, as needed
and no less than weekly, to the permanent business location.

 

    	-1- 

    	 

    

 

4. Term.
This Agreement shall commence on ninety days after the Effective Date. There will be a three-month temporary period starting on
the effective date extending for three consecutive months. Provided that the employee successfully completes the trail period as
determined by the Company, this agreement shall continue for a period of three years (the “Initial Term”). At
the expiration of the Initial Term, this Agreement shall be extended for additional successive one (1) year terms at the option
of the Company upon providing Employee with written notice no later than thirty (30) days prior to the expiration of the Initial
Term (the “Renewal Term”). The Initial Term and Renewal Term are collectively defined herein as the “Term.”

 

5. Vacation and
Sick Leave. Employee shall be entitled to the number of paid vacation days that is consistent with existing Company policies
for its Employee officers, and as provided for in the Compensation Schedule.  Employee shall also be entitled to all paid
holidays given by the Company to its Employee officers.

 

6. Compensation.
The Company and the Employee agree that the Employee shall be compensated in the manner and form set forth in the “Compensation
Schedule” attached hereto as Schedule A.

 

7. Termination.
The Company may terminate this Agreement without cause at any time upon thirty (30) days written notice to the Employee. The Employee
may terminate this Agreement without cause at any time upon thirty (30) days’ written notice to the Company. If requested
by the Company, the Employee shall continue to perform his duties and shall receive a mutually agreeable salary up to the date
of termination. In addition, the Company at its discretion may pay the Employee a severance allowance on the date of the termination.

 

The Company may terminate this Agreement
“for cause” immediately without any notice, and without compensation of any kind whether salary or severance, for any
of the following events: (i) If Employee is convicted for an offence of felony or any act involving moral turpitude; (ii) If
Employee commits any act of theft, fraud, dishonesty, or falsification of an employment record; (iii) If Employee commits any
breach of this Agreement which remains uncured for a period of 14 days following written notice of such breach; (iv) If
Employee fails to perform reasonable assigned duties, or fails to perform those duties expected of an officer of a publicly reporting
company to the United States Securities and Exchange Commission; (v) If Employee improperly discloses Company’s confidential
information; or (vi) If Employee commits any act which causes detrimental effect to Company’s reputation and business.

 

    	-2- 

    	 

    

 

THE PARTIES AGREE
THAT ANY COMPENSATION PAID PRIOR TO ANY EVENT OF TERMINATION, INCLUDING MONEY, STOCK OR OTHER FORMS OF COMPENSATION SHALL BE CONSIDERED
FULLY EARNED AND NOT SUBJECT TO ANY CLAWBACK, UNLESS SUCH MONEY, STOCK OR OTHER FORM OF CONSIDERATION WAS OBTAINED THROUGH FRAUD,
FALSE PRETENSES OR OTHER INTENTIONAL TORT COMMITTED BY THE EMPLOYEE.

 

8. Expenses.
Pursuant to Company policy, and to the extent not set forth in the Compensation Schedule, the Company shall reimburse the Employee
for all authorized travel and other reasonable expenses incurred by him in furtherance of the Company’s business upon the
Employee’s presentation of an itemized account of expenditures.

 

9. Benefit Plans.
During the Term, the Employee shall be entitled to participate in any medical and dental plans, life and disability insurance plans,
retirement plans and any other fringe benefit plans or programs maintained by the Company for the benefit of its Employees. Nothing
in this Agreement shall preclude the Company from terminating or amending any Employee benefit plan or program from time to time.

 

10. Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware.

 

11. Mediation
and Arbitration. Any controversy or claim arising out of or in relation to this Agreement or the validity, construction or
performance of this Agreement, or the breach thereof, shall be resolved by private arbitration before a single arbitrator pursuant
to the procedures set forth herein. In selecting a single arbitrator, in the event the parties are unable to reach a mutual decision
on the arbitrator within a commercially reasonable time, the Employee and the Company, through their attorneys, shall submit three
names to the Chief Financial Officer/Treasurer of the Company, who in turn, shall place the names on separate sheets of paper of
equal dimension, fold and place in a container for selection. The parties may either, within a commercially reasonable period of
time, (a) meet in person to select a name out of the container, (b) agree to do the selection through a video feed of the process,
or (c) have the Chief Financial Officer/Treasurer turn over the container to an independent third-party at his choosing, who in
turn would commence the drawing and then provide the parties with the name of the arbitrator chosen. The parties agree to waive
any and all claims or defenses related to the selection of the arbitrator.

 

    	-3- 

    	 

    

 

The parties shall
have the right to engage in pre-hearing discovery in connection with such arbitration proceedings. The parties agree hereto that
they will abide by and perform any award rendered in any arbitration conducted pursuant hereto, that any court having jurisdiction
thereof may issue a judgment based upon such award and that the prevailing party in such arbitration and/or confirmation proceeding
shall be entitled to recover its reasonable attorneys' fees and expenses. The arbitration award shall be final, binding and non-appealable.
The Parties agree to utilize the arbitration rules of the American Arbitration Association for all aspects of the private arbitration.

 

12. Notices.
Any notice to be given hereunder by any party to the other, may be effected either by personal delivery in writing, or by mail,
registered or certified, postage pre-paid with return receipt requested. Mailed notices shall be addressed to the parties at the
addresses appearing in the introductory paragraphs of this Agreement, but each party may change their address by written notice
in accordance with this paragraph. Notices delivered personally shall be deemed communicated as of actual receipt; mailed notices
shall be deemed communicated as of five (5) days after mailing. The Employee agrees to keep the Company current as to his or her
business and mailing addresses, as well as telephone, email and mobile numbers.

 

13. Waiver.
The waiver by either party hereto of any breach of any provision of this Agreement shall not operate or be construed as a waiver
or any subsequent breach by either party hereto.

 

14. Proprietary
Information. The Employee agrees that all processes, procedures, programs, discoveries, ideas, conceptions, formulae, improvements,
developments, technologies, designs, inventions, processes, designs, software, firmware, hardware, diagrams, copyrights, trade
secrets, and any other proprietary information (collectively, the “Proprietary Information”), whether or not patentable
or copyrightable, conceived, developed, invented, or made solely by the Employee, or jointly with others, during the Term of the
Agreement shall be the property of, and belongs to, the Company.

 

The Employee agrees
to promptly and freely disclose to the Company all such Proprietary Information which Employee conceives as a result of his employment
by the Company, and Employee agrees to assign and hereby does assign all of his interest therein to the Company. Whenever requested
to do so by the Company, Employee shall execute any and all applications, assignments, or other instruments, which the Company
shall deem necessary to apply for and obtain Letters Patent or Copyrights of the United States, or any foreign country, to otherwise
protect the Company's interest in the Proprietary Information or to vest title to the Proprietary Information in the Company. These
obligations shall survive the termination of Employee's employment and shall be binding upon Employee's assigns, executors, administrators,
and other legal representatives.

 

    	-4- 

    	 

    

 

15. Binding Effect
and Assignment. This Agreement shall be binding upon and inure to the benefit of the Company, its successors and assigns and
the Employee and his heirs and legal representatives.  This Agreement is personal as to Employee and may not be assigned by
Employee without first obtaining the written consent of the Company. This Agreement may be assigned by the Company without the
prior consent of Employee.

 

16. Severability.
The unenforceability of any provision or provisions of this Agreement shall not affect the enforceability of any other provision
of this Agreement. If, for any reason, any provision of this agreement is held invalid, all other provisions of this agreement
shall remain in effect. If this agreement is held invalid or cannot be enforced, then to the full extent permitted by law any prior
agreement between the Company (or any predecessor thereof) and the Employee shall be deemed reinstated as if this agreement had
not been executed.

 

17. Entire Understanding.
This Agreement, along with Schedule A, contains the entire understanding of the parties relating to the employment of the Employee
by the Company.  It may be changed only by an agreement in writing signed by the party or parties against whom enforcement
of any waiver, change, modification, extension or discharge is sought.

 

18. Amendment
and Default. This Agreement may be amended in whole or part at any time and from time to time but only in writing in a form
substantially similar to the form hereof.  In the event of default or breach of any of the terms and conditions hereof the
defaulting party agrees to pay the reasonable attorneys’ fees incurred by the other party in enforcing the provisions hereof.

 

19. Counterparts
and Electronic Signatures. This Agreement may be executed in counterpart, and may be executed by way of facsimile or electronic
signature, and if so, shall be considered an original.

 

    	-5- 

    	 

    

 

  

IN WITNESS WHEREOF, the parties
have executed this Agreement as of the date first above written.

AGREED:

 

EMPLOYEE  

 

By: /s/Arhibald
Ihegaranya

Arhibald Ihegaranya

 

11/29/16

  

AMERICATOWNE, INC.

  

By: /s/ Dr. Yu Wang

Dr. Yu Wang

Senior Executive Vice President

Human Resources & Special
Programs

 

11/28/2016

 

    	-6- 

    	 

    

 

SCHEDULE A

 

COMPENSATION SCHEDULE

 

This Compensation
Schedule (this “Schedule”) dated November 28, 2016 is entered into by and between AmericaTowne, Inc., a
Delaware corporation with a mailing address for notice purposes at 4700 Homewood Court, Suite 100 Raleigh, North Carolina 27609
(the “Company”) and Arhibald Ihegaranya, an individual with a mailing address of at 3421 Dality Drive, Raleigh,
NC 27604,, USA (Employee), and is incorporated and merged with the Employment Agreement executed by the Company and the
Employee (the “Agreement”).

 

1. Effective
Date. This Schedule is effective upon approval by the Company’s Board of Directors, and shall continue until such time
the Agreement is terminated under the applicable provisions therein.

 

2. Compensation/Salary
& Benefits. Based upon the company’s cash flow and capital raised, the Company at its discretion will pay salaries,
and benefits to key management staff, other employees and persons. Salaries and benefits may include commissions, health plans,
transportation compensation and other benefits. The Board will determine the type, amount, timing and distribution of these salaries
and benefits. For this consideration, key employees agree to be bound by this agreement.

 

3. Compensation/Stock
Issuance. Ninety days after successful employment, the Company agrees to issue 25,000 shares of the Company’s
common stock (the “Shares”) to the Executive in consideration of his services. Upon issuance of the common stock, the
shares shall be considered outstanding and fully paid. The Shares shall be subject to the following terms and conditions:

 

3.1. Employee’s
Representations. In connection with the issuance and acquisition of the Shares, the Employee hereby represents and warrants
to the Company as follows:

 

3.1.1. The
Employee is acquiring and will hold the Shares for investment for his account only and not with a view to, or for resale in connection
with, any “distribution” thereof within the meaning of the Securities Act of 1933 (the “Securities Act”).

 

3.1.2. The
Employee understands that the Shares have not been registered under the Securities Act by reason of a specific exemption therefrom
and that the Shares must be held indefinitely, unless they are subsequently registered under the Securities Act, or the Employee
obtains an opinion of counsel, in form and substance satisfactory to the Company and its counsel, that such registration is not
required. The Employee further acknowledges and understands that the Company is under no obligation to register the Shares.

 

3.1.3. The
Employee is aware of the adoption of Rule 144 of the Securities and Exchange Commission under the Securities Act, which permits
limited public resales of the securities acquired in a non-public offering, subject to the satisfaction of certain conditions.
The Employee acknowledges and understands that the conditions for resale set forth in Rule 144 have not been satisfied and that
the Company has no plans to satisfy these conditions in the foreseeable future.

 

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3.1.4. The
Employee has been furnished with, and has had access to, such information as he considers necessary or appropriate for deciding
whether to invest in the Shares, and has had an opportunity to ask questions and receive answers from the Company regarding the
terms and conditions of the issuance of the Shares.

 

3.1.5.
The Employee is aware that his investment in the Company is a speculative investment that has limited liquidity and is
subject to the risk of complete loss. The Employee is able, without impairing his financial condition to hold the Purchased
Shares for an indefinite period and to suffer a complete loss of his investment in the Purchased Shares.

 

3.2. Limitations
on Transfer of The Shares. The Employee shall not sell, assign, transfer, pledge, hypothecate, mortgage, encumber or otherwise
dispose of all or any of the Shares except as expressly provided in this Agreement. Notwithstanding, the Employee may transfer
all or any of his Shares: (a) by way of gift to any member of his family or to any trust for the benefit of any such family member
or the Employee; provided, however that any such transferee shall agree in writing with the Company, as a condition
to such transfer, to be bound by all of the provisions of this Agreement to the same extent as if such transferee were the Employee,
or by will or the laws of descent and distribution, in which event each transferee shall be bound by all of the provisions of this
Agreement to the same extent as if such transferee were the Employee. As used herein, the word “family” shall include
any spouse, lineal ancestor or descendant, brother or sister.

 

3.3. Right
of First Refusal on Disposition of The Shares.

 

3.3.1. If
at any time the Employee desires to sell for cash any of the Shares pursuant to a bona fide offer from a third party (the “Proposed
Transferee”), the Employee shall submit a written offer (the “Offer”) to sell such Shares (the “Offered
Shares”) to the Company on terms and conditions, including price, not less favorable to the Company than those on which
the Employee proposes to sell such Offered Shares to the Proposed Transferee. The Offer shall disclose the identity of the Proposed
Transferee, the number of Offered Shares proposed to be sold and the price thereof, the total number of Shares owned by the Employee,
and the terms and conditions of, and any other material facts relating to, the proposed sale.

 

3.3.2. The
Company shall have an option for a period of 21 days (the “Company Option Period”) following in receipt of the
Offer to purchase some or all of the Offered Shares in place of the Proposed Transferee. If the Company desires to purchase any
of the Offered Shares, it shall notify the Employee of such election during the Company Option Period, stating the number of Offered
Shares it desires to purchase. Such notice shall, when taken in conjunction with the Offer, be deemed to constitute a valid, legally
binding and enforceable agreement for the sale and purchase of such Offered Shares.

 

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3.3.3. If
the Company does not purchase all of the Offered Shares, the Offered Shares not so purchased may be sold by the Employee at any
time within 42 days after the date the Offer was made (i.e. 21 days after the expiration of the option period in Section 3.3.2,
above), subject to the provisions of Section 3.4 and Section 3.5 of this Schedule. Any such sale shall be to the Proposed Transferee
at not less than the price and upon other terms and conditions, if any, not more favorable to the Proposed Transferee than those
specified in the Offer. Any Offered Shares not sold within such 42 day period shall continue to be subject to the requirements
of a prior offer pursuant to this Section 3.3. Offered Shares that are sold pursuant to this Section 3.3 to any person who is not
a party hereto shall no longer be subject to this Schedule.

 

3.4. Additional
Restrictions on Resale.

 

3.4.1. Securities
Law Restrictions. Regardless of whether the offering and sale of the Shares under this Schedule have been registered under
the Securities Act or have been registered or qualified under the securities laws of any state, the Company at its discretion may
impose restrictions upon the sale, pledge or other transfer of the Shares (including the placement of appropriate legends on stock
certificates or the imposition of stop-transfer instructions) if, in the judgment of the Company, such restrictions are necessary
or desirable in order to achieve compliance with the Securities Act, the securities laws of any state or any other law.

 

3.4.2. Market
Stand-Off. In connection with any underwritten public offering by the Company of its equity securities pursuant to an
effective registration statement filed under the Securities Act, including the Company’s initial/primary public
offering, the Employee shall not directly or indirectly sell, make any short sale of, loan, hypothecate, pledge, offer, grant
or sell any option or other contract for the purchase of, purchase any option or other contract for the sale of, or otherwise
dispose of or transfer, or agree to engage in any of the foregoing transactions with respect to, any Purchased Shares without
the prior written consent of the Company or its underwriters. Such restriction (the “Market Stand-Off”)
shall be in effect for such period of time following the date of the final prospectus for the offering as may be requested by
the Company or such underwriters. In no event, however, shall such period exceed 180 days. In the event of the declaration of
a stock dividend, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or a similar transaction
affecting the Company’s outstanding securities without receipt of consideration, any new, substituted or additional
securities which are by reason of such transaction distributed with respect to any Shares subject to the Market Stand-Off, or
into which such Shares thereby become convertible, shall immediately be subject to the Market Stand-Off. In order to enforce
the Market Stand-Off, the Company may impose stop-transfer instructions with respect to the Purchased Shares until the end of
the applicable stand-off period. The Company’s underwriters shall be beneficiaries of the agreement set forth in this
Section 3.4.2. This Section 3.4.2 shall not apply to Shares registered in the public/primary public offering under the
Securities Act, and the Employee shall be subject to this Section 3.4.2 only if all directors, officers, holders of at least
25% of the outstanding stock of the Company are subject to similar arrangements. This Section 3.4.2 shall expressly survive a
termination of this Schedule.

 

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3.4.3 Lock-Up
Provisions. In addition to the other restrictions provided in this Schedule, the Employee agrees to the following limitations
and lock-up provisions:

 

3.4.3.1
The Employee shall not dispose or convey greater than ten-percent (10%) of the Shares between the first day after the first year
after issuance and the conclusion of the second year after issuance.

 

3.4.3.1
The Employee shall not dispose or convey greater than twenty percent (20%) of the Shares between the conclusion of the first year
up to and after the first day of the third year after issuance.

 

3.4.4 Rights
of the Company. The Company shall not be required to transfer on its books any Shares that have been sold or transferred in
contravention of this Agreement or treat as the owner of Purchased Shares, or otherwise to accord voting, dividend or liquidation
rights to, any transferee to whom Purchased Shares have been transferred in contravention of this Agreement.

 

3.5. Termination
of Restrictions. This Section 3.4.3 shall terminate (a) immediately prior to the consummation of the first firm commitment
underwritten public offering to an effective registration statement on Form S-1 (or its then equivalent) under the Securities Act,
pursuant to which the aggregate price paid for the public to purchase of Stock is at least $10.00, or (b) on the third anniversary
of the date of this Schedule, whichever occurs first. It is the intent of the Employee to agree to this holding period as an agreed
upon “lock-up” period in consideration of his services to the Corporation.

 

3.6. Enforcement
of Agreement. The Employee expressly agrees that the Company will be irreparably damaged if this Agreement is not specifically
enforced. Upon a breach or threatened breach of the terms, covenants or conditions of this Agreement by the Employee, the Company
shall, in addition to all other remedies, be entitled to a temporary or permanent injunction, without showing any actual damage,
or a decree for specific performance, in accordance with the provisions hereof. If the Employee fails to fulfill any obligation
to sell Shares to the Company under the Agreement, the Company may, at its option, in addition to all other remedies it may have,
send to the Employee the purchase price for such Shares as specified in this Agreement. Thereupon the Company, upon written notice
to the Employee, (a) shall cancel on its books the certificate or certificates representing the Shares to be sold and (b) shall
issue, in lieu thereof, in the name of the Company as treasury shares, a new certificate or certificates representing such Shares,
and all of the Employee’s rights in and to such Shares shall terminate.

 

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3.7. Tax
Election. The issuance of the Shares may result in adverse tax consequences that may be avoided or mitigated by filing
an election under Section 83(b) of the Internal Revenue Code of 1986 (the “Section 83(b) Election”) within
30 days after the date of purchase. The Employee acknowledges that he has consulted with his tax advisor to determine the tax
consequences of acquiring the Purchased Shares and the advantages and disadvantages of filing the Section 83(b) Election and
that it is his sole responsibility, and not the Company’s, to file the Section 83(b) Election in a timely manner, even
if the Employee request the Company to make such filing on his behalf.

 

3.8 Legend.
Each certificate evidencing any of the Shares shall bear a legend substantially as follows:

 

THE SHARES REPRESENTED BY THIS
CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER AND MAY NOT BE SOLD, EXCHANGED, TRANSFERRED, PLEDGED, HYPOTHCATED OR OTHERWISE
DISPOSED OF EXCEPT IN ACCORDANCE WITH ANY AND ALL APPLICABLE STATE AND FEDERAL SECURITIES LAWS, AND IN COMPLIANCE WITH THE EMPLOYMENT
AGREEMENT BETWEEN THE COMPANY AND THE SHAREHOLDER.

 

4. Compensation
and Other Consideration. Unless subsequently modified by the Company and Executive in writing, the issuance of the Shares constitutes
the Executive’s compensation.

 

5. Stock Option.
Upon successful completion of the temporary period, the Company agrees to issue the Employee an option to purchase up to 80,000
shares of common stock of the Company in increments of one forth (80,000/4) per year over a four-year period. Annually for four
years starting in the year 2017, during the period December 1 to December 31 of each year, the employee may purchase up to 20,000
shares at a price of $0.60 per share. Prior to issuing the shares the funds owed through a third party arrangement must
be paid. The Chairman of the Board must certify that these funds have been paid. The shares purchased under this option shall be
considered subject to all rights and restrictions set forth in this Schedule.

 

6. Employee Stock
Option Plan. Employee shall be entitled to participate in the Employee Stock Option Plan of the Company once approved by the
Board of Directors.

 

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7. Modification
of Schedule. The Company and Employee acknowledge and agree that modification of this Schedule requires a written document
signed by both parties.

 

8. Vacation and
Paid Time Off. Employee agrees to be bound by the policies and procedures set forth by Company related to vacation and paid
time off, which at the time of execution of the Agreement and this Schedule is three (3) weeks.

 

9. Other Benefits.
The Company agrees to extend other employment benefits provided to other similarly situated key employees consistent with the policies
and procedures of Company, and upon approval by the Board of Directors.

 

IN WITNESS WHEREOF,
the parties have executed this Schedule as of the date first above written.

 

AGREED:

 

EMPLOYEE  

 

By: /s/Arhibald
Ihegaranya

Arhibald Ihegaranya

 

11/29/16

  

AMERICATOWNE, INC.

  

By: /s/ Dr. Yu Wang

Dr. Yu Wang

Senior Executive Vice President

Human Resources & Special
Programs

 

11/28/16

    	-12-

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