Document:

Exhibit
10.2

 

Appendix
1: Shareholder Voting Proxy Agreement

 

This
Shareholder Voting Proxy Agreement (hereinafter referred to as “the Agreement”) is signed among the following parties
on September 25, 2022 in [Chengdu], China.

 

	Party A:	XIAO MAN INTERNATIONAL HOLDINGS CO., LTD., a limited company that is incorporated and exists under the laws of [BRITISH VIRGIN
    ISLANDS]. Address: [CRAIGMUIR CHAMBERS, ROAD TOWN, TORTOLA, VG 1110, BRITISH VIRGIN ISLANDS];
	 	 
	Party
    B:	 FENG LI, a Chinese natural person. ID number: [110102198812080422], contact address: [118 PISTACIA LANE, POMONA CA 91767 USA];
	 	 
	 	YVONNE
    WANG, an American natural person. Passport number: [521871101], contact address: [118 PISTACIA LANE, POMONA CA 91767 USA];
	 	WEI
    LI, a Chinese Hong Kong natural person. ID number: [R613530 (6)], contact address: [118 PISTACIA LANE, POMONA CA 91767 USA];
	 	 
	Party
    C: 	Kiwa Bio-Tech Products Group Corporation, a company that is incorporated and exists under the laws of [Nevada, US]. Address:
    [118 PISTACIA LANE, POMONA CA 91767 USA].

 

WHEREAS:

 

1.
Up to the date of signing the Agreement, Party B has served as Party C’s shareholder, Feng LI has held 250,000 series A preferred
shares of Party C, Yvonne WANG has held 250,000 series A preferred shares of Party C, Wei LI has held 811,148 series B preferred shares
of Party C and 1,903,542 ordinary shares of Party C (hereinafter referred to as “Party C’s shares”);

 

2.
Party A and Party B has signed a Cooperation Agreement on the date of signing the Agreement, pursuant to which Party A and Party
B carry out a series of cooperation on Party C’s restructuring and capital operation.

 

3.
In order to ensure the performance of the Cooperation Agreement and Party A’s legitimate rights and interests, Party A,
Party B, and Party C intend to sign the Agreement on matters including Party A’s role of proxy for Party B on the shareholders’
voting rights. Party B intends to entrust individuals or entities designated by Party A to exercise the entrusted rights enjoyed in Party
C (defined below), and Party A also intends to designate such individuals or entities to accept the proxy of rights.

 

    	1 

     

    

 

After
friendly negotiation, the parties hereby unanimously agree as follows:

 

1.
Entrusted Rights

 

	1.1	Party
    B unconditionally and irrevocably pledge that it will sign the Letter of Authorization (hereinafter referred to as “the
    Letter of Authorization”) attached to the Agreement with the same content and format after the Agreement takes
    effect. This shall respectively authorize Party A or directors appointed by Party A and liquidators or other successors (hereinafter
    referred to as “the proxy”) who perform the duties of such directors in accordance with Party A’s instructions
    to exercise the rights enjoyed as Party C’s shareholders. The rights shall be all the shareholder rights enjoyed in accordance
    with Party C’s then-effective constitutional documents and applicable laws and regulations, and the proxy shall excise corresponding
    rights on behalf of Party B in all major matters of Party C. Such rights (hereinafter referred to as “the entrusted rights”)
    include but are not limited to:

 

	 	1)	Proposing,
    convening, and attending Party C’s shareholders’ general meetings in accordance with Party C’s constitutional documents;
	 	 	 
	 	2)	Exercising
    Party B’s all shareholder rights and shareholder’s voting rights, including but not limited to dividend rights and the
    rights to sale, transfer, pledge, or dispose Party C’s shares. These rights are enjoyed according to applicable laws (including
    any laws, regulations, rules, notices, interpretations, or other binding documents issued by any central or local legislative, executive,
    or judicial department before or after the execution of the Agreement, hereinafter referred to as “the laws”)
    and Party C’s constitutional documents (including any other shareholders’ voting rights provided for by amendments to
    the constitutional documents);
	 	 	 
	 	3)	Signing
    documents (including minutes of shareholders’ general meetings) and filing documents with relevant company registries;
	 	 	 
	 	4)	Deciding
    matters concerning the submission and registration of documents related to Party C with government departments; and
	 	 	 
	 	5)	Exercising
    any shareholder rights to process Party C’s assets by operation of law, including but not limited to the rights to manage Party
    C’s asset-related business, use Party C’s revenues, and obtain its assets.

 

1.2
Party B agrees that Party A has the right to assign the entrusted rights, and is able to entrust other parties on its own to handle the
matters under Article 1.1. The proxy and/or Party A exercise the entrusted rights just as Party B personally exercise the shareholder
rights. The premise of the authorization and proxy of the entrusted rights is that the proxy are Party A’s members of the board
of directors or Chinese citizens designated by the board of directors through consultation, and Party B agrees to the above authorization
and proxy of rights. When Party A issues a written notice of replacing the proxy to Party B, Party B shall immediately designate other
entities or Chinese citizens designated by Party A to exercise the above entrusted rights, and sign the Letter of Authorization
in the content and format of Appendix 1 to the Agreement. Once a new Letter of Authorization is formulated, it shall replace the
original one. Meanwhile, Party B shall also announce or explain that the original one has been abolished by issuing a notice to relevant
persons or other public forms. Additionally, Party B shall not revoke the proxy of rights and authorization made to the proxy and/or
Party A.

 

    	2 

     

    

 

1.3
For any legal consequences resulted from the exercise of the above entrusted rights by the proxy and/or Party A, Party B shall confirm
and recognize them, and bear the corresponding legal liability.

 

1.4
All acts relevant to Party C’s shares and/or the entrusted rights exercised by the proxy and/or Party A shall be deemed Party B’s
own acts, and all signed documents thereby shall be deemed to be signed by Party B. The proxy and/or Party A may conduct the above behaviors
of their own free will without requesting Party B’s prior consent. However, the proxy and/or Party A shall notify Party B timely
after Party C’s resolution or the proposal to hold Party C’s extraordinary shareholders’ meeting is made. Party B hereby
acknowledges and approves such acts and/or documents of the proxy and/or Party A.

 

1.5
Within the validity of the Agreement, Party B agrees and confirms that, without Party A’s prior written consent, it shall not exercise
all rights in relation to Party C’s shares that have been authorized to Party A and/or the proxy in the Agreement on its own.

 

1.6
Party B’s successors, then shareholders of Party C’s shares, assignee, creditors, and other persons who may obtain Party
C’s shares or related rights as a result of the following circumstances, shall not affect or hinder the performance of the Agreement.
These circumstances include Party B’s death, loss of capacity for action, dissolution, inheritance, bankruptcy, or other situations
that may affect Party B’s exercise of Party C’s shares held by Party B. Therefore, the persons who acquire Party C’s
shares or relevant rights shall be regarded as the signatory party to the Agreement, and shall inherit/undertake all of Party B’s
rights and obligations under the Agreement.

 

1.7
Party B hereby pledges that Party B’s authorization under Article 1 will not give rise to any actual or potential conflict of interest
between Party B and Party A and/or the proxy.

 

2.
Right to Learn the Truth

 

	2.1	For
    the purpose of exercising the entrusted rights under the Agreement, Party A and/or the proxy are entitled to acquire information
    about Party C’s company operations, business, customers, finance, employees, and other relevant information, and to consult
    Party C’s relevant data. Party C shall cooperate fully with this.

 

3.
Exercise of the Entrusted Rights

 

	3.1	Party
    B shall provide sufficient assistance to the proxy and/or Party A in exercising the entrusted rights, including signing relevant
    legal documents in a timely manner when necessary (for example: to meet the requirements of documents submitted for approval, registration,
    and filing by government departments, or of laws and regulations, normative documents, corporate constitutional documents, or other
    governmental instructions or orders). These legal documents include but are not limited to resolution of Party C’s shareholders’
    meetings by the proxy and/or Party A, or a letter of authorization stating the specific scope of authorization (if required by relevant
    laws and regulations, constitutional documents, or other normative documents).

 

    	3 

     

    

 

	3.2	Party
    B irrevocably agrees that when Party A makes a written request related to the exercise of the entrusted rights, Party B shall, in
    accordance with the provisions of the written request, take action within three (3) days after receiving the request to satisfy Party
    A’s request for exercising the entrusted rights.

 

	3.3	At
    any time during the term of the Agreement, if the authorization or exercise of the entrusted rights under the Agreement cannot be
    realized for any reason (except for the breach of the Agreement by Party B or Party C), the parties shall immediately propose the
    most analogous alternative to the unrealized provisions. Moreover, the parties also need to sign a supplementary agreement to amend
    or adjust the terms of the Agreement when necessary, thus ensuring that the purpose of the Agreement can continue to be achieved.

 

4.
Disclaimer and Compensation

 

	4.1	The
    parties confirm that, under any circumstances, Party A shall not be required to assume any responsibility or make any financial or
    other compensation to other parties or any third party for its exercise and/or its designated proxy’s exercise of the entrusted
    rights under the Agreement.
	 	 
	4.2	Party
    B and Party C agree to compensate Party A for all losses incurred or likely to be suffered by Party A as a result of its exercise
    and/or the exercise of the entrusted rights by its designated proxy. These losses include but are not limited to any losses arising
    from any lawsuit, recovery, arbitration, claim, or administrative investigation or punishment by a government authority brought against
    Party B by any third party. In the event of loss due to the intentional or gross negligence of Party A and/or the proxy, such loss
    shall not be compensated.

 

5.
Declarations and Guarantees

 

5.1 Party B hereby declares and warrants as follows:

 

	 	5.1.1	Party
    B has full and independent legal status and legal capacity, and has been duly authorized to sign, deliver, and perform the Agreement,
    and may act independently as a subject of litigation.
	 	 	 
	 	5.1.2	Party
    B enjoys the full right and authority to sign and deliver the Agreement and all other documents to be signed regarding the transactions
    described in the Agreement, and it owns the full right and authority to complete the above transactions. This Agreement shall be
    legally and duly signed and delivered by Party B, constitutes a lawful, binding obligation to it, and may be enforced in accordance
    with the terms of the Agreement.

 

    	4 

     

    

 

	 	5.1.3	Party
    B, at the time of entry into force of the Agreement, is Party C’s legitimate shareholder on the share registers. Except for
    the rights set forth in the Agreement, the Equity Pledge Agreement, and the Exclusive Option Agreement, there is no
    third party right on the entrusted rights. In accordance with the Agreement, Party A and/or the proxy may fully exercise the entrusted
    rights according to Party C’s effective constitutional documents at that time.
	 	 	 
	 	5.1.4	Party
    B’s conduct in signing, delivering, and performing the Agreement, as well as completing the transactions under the Agreement,
    shall not violate the provisions of applicable laws, and shall not violate any agreement, contract, or other arrangement with binding
    force for Party B between Party B and any third party.

 

5.2
Party A and Party C hereby declare and warrant as follows:

 

	 	5.2.1	Party
    A and Party C are companies duly registered and legally subsisting under the laws of their places of incorporation, with independent
    legal personality status; have full and independent legal status and legal capacity to execute, deliver, and perform the Agreement
    and either party may independently be a party to the subject matter of the action.
	 	 	 
	 	5.2.2	Party
    A and Party C have full right and authority within their companies to enter into and deliver the Agreement and all other documents
    to be executed by them in connection with the transactions described herein, and they have the full right and authority to consummate
    the transactions described herein.

 

5.3
Party C further declares and warrants as follows:

 

	 	5.3.1	Party
    B is Party C’s legitimate shareholder on the share registers at the time this Agreement comes into effect. There are no third
    party rights in the entrusted rights other than those created by this Agreement, the Equity Pledge Agreement, and the Exclusive
    Option Agreement. In accordance with the Agreement, Party A and/or the proxy may fully exercise the entrusted rights according
    to Party C’s effective constitutional documents at that time.
	 	 	 
	 	5.3.2	The
    execution, delivery and performance by Party C of this Agreement and the consummation of the transactions hereunder are not in violation
    of the provisions of the laws of the State of Nevada, USA, or any of Party C’s charters, rules and regulations, or other organizational
    documents, and are not in violation of any agreement, contract or other arrangement concluded by Party C with any third party and
    binding on it.

 

    	5 

     

    

 

6.
Assignment

 

	 	Party
    A has the right to transfer this Agreement and/or its rights related to this Agreement to any other person or entity at its discretion
    without prior notice to Party B or Party C, or obtaining consent from Party B or Party C. Party B and Party C shall cooperate unconditionally
    with Party A in the assignment of this Agreement and shall execute all agreements and other documents necessary for the completion
    of such assignment when requested by Party A. 

 

7.
Term of the Agreement

 

	7.1
    	This Agreement shall be effective and irrevocable and shall continue in force from the date of signature unless terminated in accordance
    with Article 7.2 of this Agreement.
	 	 
	7.2
    	This Agreement shall automatically terminate upon the date on which Party A or the nominee is duly registered as a shareholder of
    Party C.

 

8.
Liabilities for Breach of Contract

 

	8.1	The
    parties agree and acknowledge that any breach by either party (hereinafter referred to as the “Defaulting Party”)
    of any of the covenants made hereunder or any failure or delay in the performance of any of its obligations hereunder shall constitute
    a default under this Agreement (hereinafter referred to as a “Default”) and that any of the other non-defaulting
    parties (hereinafter referred to as the “Non-defaulting Party”) shall be entitled to require the Defaulting Party
    to make good or remedy the breach within a reasonable period of time. If the Defaulting Party does not remedy the situation or take
    remedial action within a reasonable period of time or within ten (10) days after any other parties have notified the Defaulting Party
    in writing and made a request for remedy, then:

 

	 	8.1.1	If
    Party B or Party C is the Defaulting Party, the Non-defaulting Party is entitled to claim damages from the Defaulting Party;
	 	 	 
	 	8.1.2	If
    Party A is the Defaulting Party, the Non-defaulting Party shall waive Party A’s obligation to pay damages, and shall not have
    any right to terminate or rescind this Agreement in any circumstances unless otherwise provided by law.

 

	8.2	Notwithstanding
    any other provision of this Agreement, the effect of the provisions of Article 8 shall not be affected by the termination of the
    Agreement.

 

9.
Responsibility for Confidentiality

 

	 	The
    parties acknowledge that any oral or written information exchanged by either party in connection with this Agreement is confidential.
    Either Party shall keep all such information confidential and shall not disclose any such information to any third party without
    the written consent of the other Parties, except: (a) where such information is publicly known (but not disclosed to the public by
    one of the recipients of the information); (b) where such disclosure is required by applicable law or the rules or regulations of
    any stock exchange; or (c) where disclosure is required by either Party to its legal counsel or financial adviser in connection with
    a transaction under this Agreement and such legal counsel or financial adviser is subject to obligations of confidentiality similar
    to those in this Article. Any disclosure of any confidential information by a person or body employed by either party shall be deemed
    to be a disclosure of such confidential information by such party, and such party shall be liable for any breach of the Agreement.
    This Article shall continue in force notwithstanding the termination of this Agreement for any reason whatsoever. 

 

    	6 

     

    

 

10.
Governing Laws and Dispute Resolution

 

	10.1	The
    laws of the State of Nevada, USA shall govern the execution, validity, interpretation, performance, modification, and termination
    of this Agreement and the settlement of disputes hereunder.
	 	 
	10.2	In
    the event of any dispute arising out of the interpretation and performance of this Agreement, the parties shall first settle the
    dispute by amicable negotiation. If the dispute cannot be settled by negotiation, then either party may submit it to arbitration
    in Hong Kong by the Hong Kong International Arbitration Centre in accordance with its arbitration rules for the time being in force.
    The arbitration award shall be final and binding on every party. The arbitration agency or arbitrator shall have the right to grant
    any relief in accordance with the terms of this Agreement and applicable legal awards, including interim and permanent injunctive
    relief (such as injunctive relief for business conduct or compulsory transfer of assets), adjudication on actual performance of contractual
    obligations, an award to indemnify or set-off Party A with Party B’s equity interests, assets (including but not limited to
    property interests) for losses caused to Party A as a result of a breach of contract by other parties to this Agreement, the award
    of injunctive relief in relation to the business or compulsory transfer of assets, and liquidation orders against Party B. After
    the arbitration award has become effective, either party shall have the right to apply to a court of competent jurisdiction for enforcement
    of the arbitration award. Where necessary, the arbitration agency shall have the right to decide that the Defaulting Party shall
    immediately cease the breach or that the Defaulting Party shall refrain from acts which may cause further damage to Party A before
    making a final decision on the dispute among the parties. A court of the State of Nevada, USA or other courts of competent jurisdiction
    (including a court in which Party C is domiciled or a court in which Party C or Party A’s principal assets are located shall
    be deemed to have jurisdiction) shall also have the power to grant or enforce an award of the arbitration tribunal and to award or
    enforce interim relief with respect to Party C’s equity interests, assets or property interests, and to grant interim relief
    to the party initiating arbitration while awaiting the formation of the arbitration tribunal or under other appropriate circumstances.
    For example, a ruling or judgment that the Defaulting Party shall immediately cease the default or that the Defaulting Party shall
    not engage in conduct that would cause Party A to suffer further damages.

 

11.
Amendments, Variations and Supplements, and Texts

 

	11.1	Any
    amendments, variations and supplements to this Agreement shall be made in writing and shall become effective upon signature or seal
    of the parties and completion of government registration procedures (where applicable).
	 	 
	11.2	This
    Agreement shall constitute the entire agreement among the parties hereto with respect to the subject matter hereof and shall supersede
    all prior negotiations, representations and contracts, both oral and written, with respect to the subject matter hereof, except for
    any amendments, supplements or variations made in writing after the execution of this Agreement.
	 	 
	11.3	The
    Agreement is made in five (5) copies, with Party A, Party B, and Party C each holding one (1) copy, which has the same legal effect.

 

[Remainder
of this page is intentionally left blank.]

 

    	7 

     

    

 

(There
is no text on this page, which is the signature page of the Shareholder Voting Proxy Agreement)

 

IN
WITNESS WHEREOF, the parties have caused this Shareholder Voting Proxy Agreement to be executed as of the date and place set out
at the beginning of this agreement.

 

XIAO
MAN INTERNATIONAL HOLDINGS CO., LTD.

 

Authorized
representative (signature):

 

In
case of any objection, the Appendix’s Chinese version shall prevail.

 

    	8 

     

    

 

(There is no text on this page, which is the signature page
of the Shareholder Voting Proxy Agreement)

 

IN
WITNESS WHEREOF, the parties have caused this Shareholder Voting Proxy Agreement to be executed as of the date and place set out
at the beginning of this agreement.

 

FENG
LI (signature)

 

In
case of any objection, the Appendix’s Chinese version shall prevail.

 

    	9 

     

    

 

(There is no text on this page, which is the signature page
of the Shareholder Voting Proxy Agreement)

 

IN
WITNESS WHEREOF, the parties have caused this Shareholder Voting Proxy Agreement to be executed as of the date and place set out
at the beginning of this agreement.

 

YVONNE
WANG (signature)

 

In
case of any objection, the Appendix’s Chinese version shall prevail.

 

    	10 

     

    

 

(There is no text on this page, which is the signature page of the Shareholder Voting Proxy Agreement)

 

IN
WITNESS WHEREOF, the parties have caused this Shareholder Voting Proxy Agreement to be executed as of the date and place set out
at the beginning of this agreement.

 

WEI
LI (signature)

 

In
case of any objection, the Appendix’s Chinese version shall prevail.

 

    	11 

     

    

 

(There
is no text on this page, which is the signature page of the Shareholder Voting Proxy Agreement)

 

IN
WITNESS WHEREOF, the parties have caused this Shareholder Voting Proxy Agreement to be executed as of the date and place set out
at the beginning of this agreement.

 

Kiwa
Bio-Tech Products Group Corporation

 

Authorized
representative (signature):

 

In
case of any objection, the Appendix’s Chinese version shall prevail.

 

    	12 

     

    

 

Appendix
2: Letter of Authorization

Date: September 25, 2022

 

Shareholder
WEI LI (the “Shareholder”) is registered as holding 4.5% of the shares of Kiwa Bio-Tech Products
Group Corporation (the “Company”). The Shareholder hereby irrevocably authorize XIAO MAN INTERNATIONAL HOLDINGS
CO., LTD. (the “Authorized Person”) and its designated representative to exercise the entrusted rights as described
and defined in the Shareholder Voting Proxy Agreement (the “Agreement”) dated September 25, 2022, among
the Shareholder, the Company, and the Authorized Person.

 

This
Letter of Authorization shall run concurrently with the Agreement and shall be irrevocable.

 

In
case of any objection, the Appendix’s Chinese version shall prevail.

 

Name
of shareholder (signature)

 

    	13 

     

    

 

Appendix
2: Letter of Authorization

Date: September 25, 2022

 

Shareholder
YVONNE WANG (the “Shareholder”) is registered as holding 37.5% of the shares of Kiwa Bio-Tech Products
Group Corporation (the “Company”). The Shareholder hereby irrevocably authorize XIAO MAN INTERNATIONAL HOLDINGS
CO., LTD. (the “Authorized Person”) and its designated representative to exercise the entrusted rights as described
and defined in the Shareholder Voting Proxy Agreement (the “Agreement”) dated September 25, 2022, among
the Shareholder, the Company, and the Authorized Person.

 

This
Letter of Authorization shall run concurrently with the Agreement and shall be irrevocable.

 

In
case of any objection, the Appendix’s Chinese version shall prevail.

 

	 	
	 	Yvonne
    Wang
	 	Name
    of shareholder (signature)

 

    	14 

     

    

 

Appendix
2: Letter of Authorization

 

Date:
September 25, 2022

 

Shareholder
FENG LI (the “Shareholder”) is registered as holding 37.5% of the shares of Kiwa Bio-Tech Products
Group Corporation (the “Company”). The Shareholder hereby irrevocably authorize XIAO MAN INTERNATIONAL HOLDINGS
CO., LTD. (the “Authorized Person”) and its designated representative to exercise the entrusted rights as described
and defined in the Shareholder Voting Proxy Agreement (the “Agreement”) dated September 25, 2022, among
the Shareholder, the Company, and the Authorized Person.

 

This
Letter of Authorization shall run concurrently with the Agreement and shall be irrevocable.

 

In
case of any objection, the Appendix’s Chinese version shall prevail.

 

	 	Name
    of shareholder (signature)

 

    	15Exhibit 10.1

  

   

  

  
    CONSULTING AGREEMENT

    

    

    

    

    This CONSULTING
        AGREEMENT, effective as of October 1, 2022, (this “Agreement”), is hereby made by and between Van Wert Federal Savings Bank (the “Bank”), and Michael Cahill (the “Consultant”).

    WHEREAS, the
      Bank has determined that the Consultant has the experience to provide it with certain needed services.

    NOW, THEREFORE,
      in consideration of the foregoing and the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows.

    1. Consulting Period.  The Consultant shall perform the services hereunder for a period
        commencing on October 1, 2022 (the “Start Date”), and ending on the earliest of (a) December 31, 2022 (“the Term”); (b) termination by the Bank in accordance with Section 4(a) (“Bank Termination”); or (c) termination by the Consultant in the
        Consultant’s discretion in accordance with Section 4(b) (“Consultant Termination”).  The period from the Start Date to the earliest of (a), (b) or (c) is referred to as the “Consulting Period.”

    2. Services to be Provided.

    (a) Nature of Services; Reporting.  The Bank hereby agrees to engage the Consultant, and
        the Consultant hereby agrees to serve the Bank, on the terms and subject to the conditions set forth in this Agreement. The Consultant shall perform services related to loan growth and credit, investments, accounting, finance and capital and
        potential new markets and other services as mutually agreed to by the parties.

     

    

    (b) Time Commitment; Scheduling.  The
        Consultant shall make himself available to perform the Services for up to 40 hours in each calendar week during the Consulting Period, as requested by the Bank.  The Consultant may reasonably determine his working hours for the performance of the
        Services; provided, however, that he will be present in the main office of the Bank at least two days each week.

    

    

    (c) Location of Performance.  The Consultant
        may perform the Services from and at the main office of the Bank, from his home office, or at other locations as necessary, subject to any reasonable needs of the Bank for the Consultant’s physical presence from time to time.

    

    

    3. Compensation.

    (a) Fees and Expenses. The Bank shall provide the following compensation to the Consultant
        for his performance of the Services.

    (i) Fees.  The Consultant will be paid a
        consulting fee for his services during the Consulting Period in an amount equal to $15,000.00 per month.  The fees shall be paid to the Consultant in a single lump sum within 10 days following the end of the Consulting Period.

    (ii) Ineligibility for Employee Benefits.  The Consultant
        will not, pursuant to this Agreement or in connection with his Services hereunder, be eligible for or entitled to participate in any employee benefit plan, policy or arrangement of the Bank or receive any other benefits or conditions of employment
        available to employees of the Bank.

    

      (iii) Expenses.  The Bank will reimburse Consultant for reasonable business expenses incurred by Consultant in connection with the performance of the Services.

    

    
      
        

    

    
    4. Termination by the Bank or the Consultant.

    (a) Termination by the Bank.  The Bank may undertake a Bank Termination of the Consulting
        Period upon ten (10) business days’ advance written notice to the Consultant.

    (b) Termination by the Consultant.  The Consultant may undertake a Consultant Termination
        of the Consulting Period by providing ten (10) business days’ advance written notice to the President of the Bank.

    (c) Effect of Termination.  Upon termination of the Consulting Period, the Consultant will
        be entitled to payment of any accrued but unpaid consulting fees payable under Section 3(a)(i) of this Agreement through the date of termination of the Consulting Period.  The payment will be made within ten (10) days of the termination of the
        Consulting Period.  Notwithstanding an earlier termination of the Consulting Period, the provisions of Section 8 and 10 shall continue to apply.

    5. Independent Contractor Status.  During the Consulting Period, the Consultant shall be
        an independent contractor with respect to the Bank and there shall not be implied any relationship between the Consultant on the one hand, and the Bank and its affiliates, on the other hand, of employer-employee, partnership, joint venture,
        principal and agent or the like by this Agreement.  Although the Bank may specify the results it desires the Consultant to achieve during the Consulting Period and may control and direct the Consultant in that regard, the Bank shall not exercise or
        have the power to exercise such level of control over the Consultant as would indicate or establish that a relationship of employer and employee exists between the Consultant and the Bank.  Subject to the terms of this Agreement, the Consultant
        shall have full and complete control over the manner and method of rendering his services hereunder.  Except on authority specifically so delegated in a prior writing from a duly authorized officer of the Bank, the Consultant shall not (i) have or
        represent to have any authority to act as an agent of the Bank or its affiliates, and the Consultant shall not represent to the contrary to any person, (ii) have or represent to have power of decision hereunder in any activity on behalf of the
        Bank, (iii) have the power or authority hereunder to obligate, bind or commit the Bank in any respect, (iv) make any management decisions on behalf of the Bank or (v) undertake to commit the Bank to any course of action in relation to third
        persons.

    
      6. Assignment; Binding Agreement.  This Agreement is a personal contract, and the rights and interests of the Consultant hereunder may not be sold, transferred,
        assigned, pledged, encumbered, or hypothecated by him, except as otherwise expressly permitted by the provisions of this Agreement. This Agreement shall inure to the benefit of and be enforceable by and against the Consultant and his personal or
        legal representatives, executors, administrators, successors, heirs, distributees, devisees, and legatees.  If the Consultant should die while any amount would still be payable to him hereunder relating to services performed through his date of
        death, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to his devisee, legatee or other designee or, if there is no such designee, to his estate.  Nothing in this Agreement shall
        confer upon the Consultant the right to provide services to the Bank or any of its affiliates or interfere in any way with the right of the Bank or any such affiliates to terminate the Services of the Consultant at any time.

       

      

       

      

      
        2

        
          

      

    

    7. Taxes.

    (a) To the extent consistent with applicable law, the Bank shall not withhold or deduct from any amounts payable under this Consulting Agreement any amount or amounts in respect of
        income taxes or other employment taxes of any other nature on behalf of the Consultant.  The Consultant shall be solely responsible for the payment of any Federal, state, local or other income and/or self-employment taxes in respect of the amounts
        payable to the Consultant under the Consulting Agreement and shall hold the Bank and its affiliates and their officers, directors and employees harmless from any liability arising from the Consultant’s failure to comply with the foregoing
        provisions of this sentence.

    (b) It is intended that the provisions of this Agreement comply with Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”), to any extent applicable, and all
      provisions of this Agreement shall be construed and interpreted in a manner consistent with the requirements for avoiding taxes and penalties under Section 409A.

    8. Confidential Information.  The Consultant will keep in strict confidence, and will
        not, directly or indirectly, at any time during or after the Consultant’s association with the Bank or its affiliates, disclose, furnish, disseminate, make available or, except for the sole purpose of performing the Consultant’s duties in
        association with the Bank, use any trade secrets or confidential information of the Bank or its customers or vendors, without limitation as to when or how the Consultant may have acquired such information (“Confidential Information”).  The
        Consultant specifically acknowledges that all such Confidential Information, whether reduced to writing, maintained on any form of electronic media or maintained in the mind or memory of the Consultant and whether compiled by the Bank and/or the
        Consultant, derives independent economic value from not being readily known to or ascertainable by proper means by others who can obtain economic value from its disclosure or use, that reasonable efforts have been made by the Bank to maintain the
        secrecy of such information, that such information is the sole property of the Bank and that any retention and use of such information by the Consultant during his association with the Bank or its affiliates or after the termination of such
        association shall constitute a misappropriation of the Bank’s trade secrets.  Information and/or materials (a) disclosed or authorized in writing to be disclosed by the Bank to the public domain or (b) widely disseminated in the public domain and
        disclosed through no fault or omission of the Consultant, will not be considered Confidential Information for purposes of this Section 8.

    9. Entire Agreement.  This Agreement contains all the understandings between the
      parties hereto pertaining to the Consultant’s provision of Services during the Consulting Period, and, except as otherwise set forth herein, supersedes any and all previous contracts, understandings, agreements, commitments, promise or similar
      communications or arrangements, whether written or oral, with respect to such subject matters between the Bank, its affiliates, their respective directors, officers, employees and agents and the Consultant.

    10. Representations.  By executing this Agreement, the Consultant represents and warrants
        to the Bank that, to the best of the Consultant’s knowledge: (i) he is not restricted by contract, agreement or otherwise from providing consulting services to the Bank; (ii) he is not party to any agreement or contract that would prevent or
        restrict him, or that seeks to prevent or restrict him, from engaging in activities competitive with any activities of any past employer or service recipient; and (iii) he has complied with any and all covenants, agreements or contracts entered
        into with any past employer or service recipient that may pertain to the Services for the Bank.

    11. Amendment or Modification, Waiver. No provision of this Agreement may be amended or
      waived, unless such amendment or waiver is agreed to in writing, signed by the Consultant and by a duly authorized officer of the Bank.  The failure of a party to insist upon strict adherence to any term of this Agreement on any occasion shall not be
      considered a waiver of such party’s rights or deprive such party of the right thereafter to insist on strict adherence to that term or any other term of this Agreement.  No waiver by any party hereto of any breach by another party hereto of any
      condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of a similar or dissimilar condition or provision at the same time, any prior time, or any subsequent time.

     

    

     

    

    
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    12. Notices.  Any notice to be given hereunder shall be in writing and shall be deemed
        given when delivered personally, sent by courier or facsimile or registered or certified mail, postage prepaid, return receipt requested, addressed to the party concerned at the address indicated below or to such other address as such party may
        subsequently give notice hereunder in writing:

    If to the Consultant: At the most recent address on file for the Consultant.

    If to the Bank, to:

    Van Wert Federal Savings Bank

    976 South Shannon Street

    Van Wert, Ohio 45891

    Attention:  President

    

    

    Any notice delivered personally, by courier,
      or by registered or certified mail, postage prepaid, return receipt requested, under this Section 12 shall be deemed given on the date delivered, and any notice sent by facsimile shall be deemed given on the date transmitted by facsimile, with
      satisfactory transmission acknowledged.

    13. Severability. If any provision of this Agreement or the application of any such
        provision to any party or circumstances shall be determined by any court of competent jurisdiction to be invalid and unenforceable to any extent, the remainder of this Agreement or the application of such provision to such person or circumstances
        other than those to which it is so determined to be invalid and unenforceable shall not be affected thereby, and each provision hereof shall be validated and shall be enforced to the fullest extent permitted by law.  Upon a determination that any
        term or other provision is invalid and unenforceable, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that
        the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible.

    14. Survivorship. The respective rights and obligations of the parties hereunder shall
      survive any termination of this Agreement to the extent necessary to the intended preservation of such rights and obligations.

    15. Governing Law; Consent to Jurisdiction; No Jury Trial. This Agreement will be governed
        by and construed in accordance with the laws of the State of Ohio, without regard to the principles of conflicts of law thereof.  Any action to enforce any provision of this Agreement shall be commenced in and proceed exclusively in the state or
        federal courts for the State of Ohio.  Each party consents to personal jurisdiction in the State of Ohio with respect to any such dispute.  Both
        the Consultant and the Bank waive any rights to jury trial regarding the resolution of any dispute arising under or related to this Agreement.

    16. Headings. All descriptive headings of sections and paragraphs in this Agreement are
      intended solely for convenience, and no provision of this Agreement is to be construed by reference to the heading of any section or paragraph.

     

    

     

    

    
      4

      
        

    

    17. Counterparts. 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.  Delivery of an executed counterpart of a signature page of this Agreement by facsimile transmission or electronic means (including by “pdf”)
        shall be effective as delivery of a manually executed counterpart of this Agreement.

    18. Construction.  For purposes of this Agreement, the words “include” and “including”,
      and variations thereof, shall not be deemed to be terms of limitation but rather shall be deemed to be followed by the words “without limitation”.  The term “or” is not exclusive.  The word “extent” in the phrase “to the extent” shall mean the degree to which a subject or other thing extends, and such phrase shall not mean simply “if”.

    19. Independent Review and Advice.  The Consultant represents and warrants that the
        Consultant: (a) has carefully read this Agreement; (b) executes this Agreement with full knowledge of the contents of this Agreement, the legal consequences thereof and any and all rights that each party may have with respect to one another; (c)
        has had the opportunity to receive independent legal advice with respect to the matters set forth in this Agreement and with respect to the rights and asserted rights arising out of such matters; and (d) is entering into this Agreement of his own
        free will.

    [signature page follows]

    

    

    
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    IN WITNESS WHEREOF, the parties have executed this Agreement to be effective as of October 1, 2022.

    VAN WERT FEDERAL SAVINGS BANK

    

    

    

    

    

    

    By: /s/ Mark K. Schumm

    Name: Mark K. Schumm

    Title: President

    

    

    Date: September 30, 2022

    

    

    

    

    CONSULTANT

    

    

    

    

    /s/ Michael Cahill

    Michael Cahill

    

    

    Date: September 30, 2022

     

    

     

    

     

    

     

    

  

  6

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