Document:

Exhibit 10.16

 

www.nocera.company

 

CONSULTING AGREEMENT

 

THIS CONSULTING AGREEMENT (this “Agreement”)
is entered into and made effective as of December 31, 2021 (the “Effective Date”), by and between NOCERA, INC., a Nevada
corporation (the “Company”), with its principal executive offices located at 3F (Building B), No. 185, Sec. 1, Datong
Rd., Xizhi Dist., New Taipei City 221, Taiwan, and HAN-CHIEH SHIH, an individual (the “Contractor”), with a residence
located at [_TAIWAN_]. The Company and the Contractor may be referred to individually as a “Party” and collectively
as the “Parties.”

 

RECITALS

 

WHEREAS, the Contractor was
previously employed by the Company (the “Previous Employment”); and

 

WHEREAS, the Company now
desires to engage the Contractor as an independent contractor for the purposes of assisting the Company in performing and conducting
projects as from time to time as set forth on Schedule A attached hereto (the “Services”),1
and the Contractor desires to provide the Services to the Company pursuant to the terms and conditions of this Agreement.

 

NOW, THEREFORE, in consideration
of the premises and the mutual covenants contained herein, and for other good and valuable consideration, the receipt of which are hereby
acknowledged, and intending to be legally bound hereby, the Parties hereby agree as follows:

 

AGREEMENT

 

1.                 
Engagement.

 

(a)              
Services and Payment. The Company hereby engages the Contractor to provide the Company the
Services as set forth on Schedule A attached hereto in consideration for (i) Class C Warrants to purchase five hundred thousand
(500,000) shares of the Company’s common stock, exercisable at Two Dollars and Fifty Cents ($2.50) per share (the “Class
C Warrants”), and (ii) Class D Warrants to purchase five hundred thousand (500,000) of the Company’s common stock, exercisable
at Five Dollars ($5.00) per share (together with the Class C Warrants, the “Warrants”). Warrants are 100 percent vesting
and issues upon signing this contract.

 

(b)              
Independent Contractor Status. The Contractor shall be deemed an independent contractor and is not an employee, partner,
agent, or engaged in a joint venture with the Company. The Contractor is not required to work exclusively for the Company and shall remain
free to appropriately schedule the Contractor’s time. The Company shall not control the manner or means by which the Consultant
performs the Services. The Contractor shall have no authority (and shall not hold out as having authority) to bind the Company and the
Contractor shall not make any agreements or representations on the Company’s behalf without the Company’s prior written consent.

 

 

 

____________________

 

1
NOTE: Please provide the state where the Services are being performed. It might be necessary to add appropriate language depending on
the state.

 

 

 

    	 	 	 

     

    

 

www.nocera.company

 

(c)              
Taxes and Insurance. If a United States tax resident, the compensation shall be reported to the appropriate federal and
state taxing authorities via a Form 1099. The Contractor is responsible for any tax liabilities resulting from the Services. Consistent
with the foregoing, the Company shall not deduct withholding taxes, FICA, or any other taxes required to be deducted by an employer, as
the undersigned acknowledges responsibility to pay the same as an independent contractor. The Contractor is not covered by the Company’s
workers’ compensation insurance, liability insurance, unemployment insurance, life insurance, long term disability insurance, or
any insurance of any kind. The Contractor is required to provide the Contractor’s own adequate insurance coverage regarding work
related accidents, illness, and any other situation in which insurance may be required. The Contractor further acknowledges that as an
independent contractor, the Contractor shall not be entitled to any fringe benefits, pension, retirement, profit sharing, or any other
benefits accruing to employees. The Contractor shall be responsible for, and shall indemnify the Company against, all such taxes or contributions,
including penalties and interest.

 

(d)              
Contractor’s Employees and Subcontractors. Any person or entity employed or engaged by the Contractor in connection
with the performance of the Services shall be the Contractor’s employees or contractors and the Contractor shall be fully responsible
for them and indemnify the Company against any claims made by or on behalf of any such employee or contractor. The Contractor shall require
each of the Contractor’s employees and contractors to execute written agreements containing obligations of confidentiality and non-use
and assignment of inventions and other work product consistent with the provisions of Section 3 prior to such employee or contractor
providing any Services under this Agreement.

 

(e)              
Access to Materials; Expenses. The Company shall provide the Contractor with
access to its premises, materials, information, and systems to the extent necessary for the performance of the Services. The Contractor
shall furnish, at the Contractor’s own expense, the materials, equipment, and other resources necessary to perform the Services.
The Contractor shall be responsible for all costs and expenses incident to the performance of services for the Company, including but
not limited to costs of equipment, fees, fines, licenses, or taxes required of or imposed against the Contractor as part of the cost of
doing business. The Contractor is solely responsible for any travel or other costs or expenses incurred by the Contractor in connection
with the performance of the Services, and in no event shall the Company reimburse the Contractor for any such costs or expenses without
the Company’s prior written approval.

 

2.                 
Term. The Contractor shall diligently perform the services described in Schedule A. During the term of this Agreement,
which shall commence on the first business day after the effective termination date of the Previous
Employment and shall continue in effect through November 15, 2031, unless otherwise terminated pursuant to the terms hereof (the “Term”).
Any extension of the Term will be subject to mutual written agreement between the Company and the Consultant.

 

3.                 
Confidentiality; Non-Competition; Non-Solicitation; Non-Disparagement. All payments and benefits to the Contractor under
this Agreement shall be subject to the Contractor’s compliance with the provisions of this Section 3. For purposes of this
Section 3, the term “Company” shall mean Nocera, Inc. and any direct or indirect wholly or majority owned subsidiary
of the Company.

 

(a)              
(i) The Contractor shall not disclose or use at any time, either during the Term or thereafter, any Confidential Information (as
defined below) of which the Contractor is or becomes aware, whether or not such information is developed by the Contractor, except to
the extent that such disclosure or use is directly related to and required by the Contractor’s performance in good faith of duties
for the Company. The Contractor will take all appropriate steps to safeguard Confidential Information in the Contractor’s possession
and to protect it against disclosure, misuse, espionage, loss, and theft. The Contractor shall deliver to the Company at the end of the
Term, or at any time the Company may request, all memoranda, notes, plans, records, reports, computer tapes, and software and other documents
and data (and copies thereof) relating to the Confidential Information or the Work Product (as hereinafter defined) of the business of
the Company which the Contractor may then possess or have under the Contractor’s control. Notwithstanding the foregoing, the Contractor
may truthfully respond to a lawful and valid subpoena or other legal process, but shall give the Company the earliest possible notice
thereof, shall, as much in advance of the return date as possible, make available to the Company and its counsel the documents and other
information sought, and shall assist the Company and such counsel in resisting or otherwise responding to such process.

 

 

 

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www.nocera.company

 

(ii)  
As used in this Agreement, the term “Confidential Information” means information that is not generally known
to the public and that is used, developed, or obtained by the Company in connection with its business, including, but not limited to,
information, observations, and data obtained by the Contractor while engaged by the Company or any predecessors thereof (including those
obtained prior to the start date of the Previous Employment) concerning (i) the business or affairs of the Company (or such predecessors),
(ii) products or services, (iii) fees, costs, and pricing structures, (iv) designs, (v) analyses, (vi) drawings,
photographs, and reports, (vii) computer software, including operating systems, applications, and program listings, (viii) flow
charts, manuals, and documentation, (ix) data bases, (x) accounting and business methods, (xi) inventions, devices, new
developments, methods, and processes, whether patentable or unpatentable and whether or not reduced to practice, (xii) customers
and clients and customer or client lists, (xiii) other copyrightable works, (xiv) all production methods, processes, technology,
and trade secrets, and (xv) all similar and related information in whatever form. Confidential Information will not include any information
that has been published (other than through a disclosure by the Contractor in breach of this Agreement) in a form generally available
to the public prior to the date the Contractor proposes to disclose or use such information. Confidential Information will not be deemed
to have been published merely because individual portions of the information have been separately published, but only if all material
features comprising such information have been published in combination.

 

(iii) As used in this
Agreement, the term “Work Product” means all inventions, innovations, improvements, technical information, systems,
software developments, methods, designs, analyses, drawings, reports, service marks, trademarks, trade names, logos and all similar or
related information (whether patentable or unpatentable, copyrightable, registerable as a trademark, reduced to writing, or otherwise)
which relates to the Company’s actual or anticipated business, research, and development or existing or future products or services
and which are conceived, developed, or made by the Contractor (whether or not during usual business hours, whether or not by the use of
the facilities of the Company, and whether or not alone or in conjunction with any other person) while engaged by the Company (including
those conceived, developed, or made prior to the start date of the Previous Employment) together with all patent applications, letters
patent, trademark, trade name, and service mark applications or registrations, copyrights, and reissues thereof that may be granted for
or upon any of the foregoing. All Work Product that the Contractor may have discovered, invented, or originated during the Contractor’s
engagement by the Company prior to the Effective Date, or that the Contractor may discover, invent, or originate during the Term, shall
be the exclusive property of the Company, as applicable, and the Contractor hereby assigns all of the Contractor’s right, title,
and interest in and to such Work Product to the Company, including all intellectual property rights therein. The Contractor shall promptly
disclose all Work Product to the Company, shall execute at the request of the Company any assignments or other documents the Company may
deem necessary to protect or perfect its rights therein, and shall assist the Company, at the Company’s expense, in obtaining, defending,
and enforcing the Company’s rights therein. The Contractor hereby appoints the Company as the Contractor’s attorney-in-fact
to execute on the Contractor’s behalf any assignments or other documents deemed necessary by the Company to protect or perfect the
Company’s rights to any Work Product. To preclude any possible uncertainty, the Contractor has set forth on Exhibit A attached
hereto a complete list of developments that the Contractor has, alone or jointly with others, conceived, developed, or reduced to practice
prior to the commencement of the Contractor’s involvement, whether official or unofficial in nature, with the Company that the Contractor
considers to be the Contractor’s property or the property of third parties and that the Contractor wishes to have excluded from
the scope of this Agreement (“Prior Inventions”). If, in the course of the Contractor’s engagement with the Company,
the Contractor incorporates a Prior Invention of the Contractor into a Company product, process, or machine or other work done for the
Company, the Contractor hereby grants to the Company an irrevocable, worldwide, perpetual, royalty-free, non-exclusive license to use,
publish, reproduce, perform, display, distribute, modify, prepare derivative works based upon, make, have made, sell, offer to sell, import,
and otherwise exploit such Prior Invention. The Company may assign, transfer, and sublicense such rights to others without the Contractor’s
approval. Notwithstanding the foregoing, the Contractor will not incorporate, or permit to be incorporated, Prior Inventions in any Company
development without the Company’s prior written consent. The Contractor acknowledges that the Company may have from time to time
agreements with other persons or with the United States Government or its agencies which impose obligations or restrictions on the Company
regarding inventions made during the course of work under such agreements or regarding the confidential nature of such work. The Contractor
agrees to comply with any such obligations or restrictions upon the direction of the Company. In addition to the rights assigned under
this Section, the Contractor also assigns to the Company (or any of its nominees) all rights which the Contractor has or acquired in any
developments, full title to which is required to be in the United States under any contract between the Company and the United States
or any of its agencies.

 

 

 

 

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www.nocera.company

 

(b)              
The Contractor agrees that if the Contractor were to become employed by, or substantially involved in, the business of a competitor
of the Company during the Restricted Period (defined below), it would be very difficult for the Contractor not to rely on or use the Company’s
trade secrets and confidential information. Thus, to avoid the inevitable disclosure of the Company’s trade secrets and confidential
information, and to protect such trade secrets and confidential information and the Company’s relationships and goodwill with customers,
during the Restricted Period, the Contractor shall not, directly or indirectly, within the United
States of America or within any other country in the world, engage in, own an interest in (except as a holder of no more than five percent
(5%) of the shares of any publicly traded corporation), be employed by, consult for, act as an advisor to, or otherwise in any way participate
in or become associated with, any Competitive Business (as defined below) or any corporation, partnership, limited liability company,
business, enterprise, venture, or other person or entity that is engaged or participates in any Competitive Business. “Competitive
Business” shall mean any business that offers Recirculating Aquaculture Systems and fish farming related services. The restricted
time periods provided for in this Section shall be extended for a period equal to any period of time in which the Contractor is in violation
of any provision of this Agreement and any period of time required for litigation to enforce the provisions of this Agreement.

 

(c)              
The Contractor agrees that for so long as the Contractor is engaged by the Company and continuing for one (1) year thereafter (such
period is referred to as the “Restricted Period”), the Contractor shall not solicit or attempt to solicit the business
of any customers or clients of the Company with respect to services that the Company performs for such customers or clients regardless
of how or when the Contractor first obtained business from or provided services to such customers or clients.

 

(d)              
The Contractor agrees that during the Restricted Period not to directly or indirectly, by sole action or in concert with others,
induce or influence, or seek to induce or influence any person who is currently engaged by the Company at the time of the termination
of the Contractor’s engagement as an employee, agent, independent contractor, or otherwise to leave the employ of the Company or
any successor or assign, or to hire any such person.

 

(e)              
During the Term and at any time thereafter, the Contractor shall not, directly or indirectly, engage in any conduct or make any
statement, whether in commercial or noncommercial speech, disparaging or criticizing in any way the Company, or any of their respective
officers, directors, employees, customers, or agents or any products or services offered by any of them, nor shall the Contractor engage
in any other conduct or make any other statement that could be reasonably expected to impair the goodwill of any of them.

 

(f)               
The Contractor acknowledges that, during the Term, the Contractor has become familiar, or will become familiar, with the Company’s
trade secrets and with other confidential and proprietary information concerning the Company and that the Contractor’s services
have been and will be of special, unique, and extraordinary value to the Company. The Contractor agrees that the foregoing covenants set
forth in this Section 3 (together, the “Restrictive Covenants”) are reasonable and necessary to protect
the Company’s trade secrets and other confidential and proprietary information, good will, stable workforce, and customer relations.

Without limiting the generality of the Contractor’s
agreement in the preceding paragraph, the Contractor (i) represents that the Contractor is familiar with and has carefully considered
the Restrictive Covenants, (ii) represents that the Contractor is fully aware of the Contractor’s obligations hereunder, (iii) agrees
to the reasonableness of the length of time, scope, and geographic coverage, as applicable, of the Restrictive Covenants, (iv) agrees
that the Company currently conducts business throughout the world, and (v) agrees that the Restrictive Covenants will continue in
effect for the applicable periods set forth above in this Section 3. The Contractor understands that the Restrictive Covenants
may limit the Contractor’s ability to earn a livelihood in a business similar to the business of the Company, but the Contractor
nevertheless believes that the Contractor has received and will receive sufficient consideration and as otherwise provided hereunder or
as described in the recitals hereto to clearly justify such restrictions which, in any event (given the Contractor’s education,
skills, and ability), the Contractor does not believe would prevent the Contractor from otherwise earning a living. The Contractor agrees
that the Restrictive Covenants do not confer a benefit upon the Company disproportionate to the detriment of the Contractor.

 

 

 

 

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www.nocera.company

 

(g)              
(i) In the event that a Restrictive Covenant shall be deemed by any court to be unreasonably broad in any respect, it shall be
modified in order to make it reasonable and shall be enforced accordingly; provided, however, that in the event that any
court shall refuse to enforce any of the Restrictive Covenants, then the unenforceable covenant shall be deemed eliminated from the provisions
of this Agreement for the purpose of those proceedings to the extent necessary to permit the remaining covenants to be enforced so that
the validity, legality, or enforceability of the remaining provisions of this Section 3 shall not be affected thereby.

 

(ii) The Contractor
acknowledges that any breach of the Restrictive Covenants may cause irreparable harm to the Company which will be difficult if not impossible
to ascertain, and the Company shall be entitled to seek equitable relief, including injunctive relief, against any actual or threatened
breach hereof, without bond and without liability should such relief be denied, modified, or vacated. Neither the right to obtain such
relief nor the obtaining of such relief shall be exclusive of or preclude the Company from any other remedy the Company may have hereunder
or at law or equity.

 

4.                 
Termination. The Company can terminate this Agreement at any time upon five (5) working days’ written notice to the
Contractor. Upon termination of this Agreement, the Company shall have no further obligations to
the Contractor under this Agreement or otherwise.

 

5.                 
Representations and Warranties.  The
Contractor represents and warrants to the Company that (i) the Contractor is free to enter into this Agreement, to grant the rights granted
herein, and to perform fully all the Contractor’s obligations in this Agreement; (ii) this Agreement and the Contractor’s
obligations hereunder do not violate the terms of any other agreement to which the Contractor is a party or by which the Contractor is
bound, (iii) the Contractor is not subject to any confidentiality agreement, non-competition agreement, non-solicitation agreement, or
any other similar agreement that restricts the Contractor’s ability to perform the services for the Company for which the Contractor
was hired, (iv) the Contractor shall perform the Services in compliance with all applicable federal, state, and local laws and regulations,
including by maintaining all licenses, permits, and registrations required to perform the Services, (v) the Company will receive good
and valid title to all Work Product, free and clear of all encumbrances and liens of any kind, (vii) all Work Product is and shall be
your original work (except for material in the public domain or provided by the Company) and do not and will not violate or infringe upon
the intellectual property right or any other right whatsoever of any person, firm, corporation, or other entity, and (vii) the Contractor
shall perform the Services in a professional and workmanlike manner in accordance with best industry standards for similar services, and
the Contractor shall devote sufficient resources to ensure that the Services are performed timely.

 

6.                 
Indemnification. The Contractor shall defend, indemnify, and hold harmless the Company
and its directors, officers, employees, and agents from and against all allegations, claims, actions, demands, damages, liabilities, obligations,
losses, settlements, judgments, costs, and expenses (including without limitation attorneys’ fees and costs) that arise out of,
relate to, or result from, the Contractor’s act or omission causing bodily injury, death of any person, or damage to real
or tangible personal property or breach of any representation, warranty, or obligation by the Contractor under this Agreement.
The Company may satisfy such indemnity (in whole or in part) by way of deduction from any payment due to the Contractor.

 

7.                 
Miscellaneous.

 

(a)              
Entire Agreement. This Agreement supersedes any and all agreements, either oral or written, between the Company and the
Contractor with respect to the rendering of the Services. Each Party acknowledges that no representations, inducements, promises, or agreements
have been made by either Party, or anyone acting on behalf of either Party, which are not a party to this Agreement, and that no other
agreement, statement, or promise not contained in this Agreement shall be valid or binding.

 

(b)              
Governing Law; Jurisdiction. This Agreement will be governed by and construed in accordance with the laws of the State of
Nevada. The state or federal courts located within the State of Nevada shall have exclusive jurisdiction
over any dispute arising out of this Agreement.

 

 

 

 

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(c)              
Severability. If any provision of this Agreement, as applied to any party or to any circumstance, shall be found by a court
to be void, invalid or unenforceable, the same shall in no way affect any other provision of this Agreement or the application of any
such provision in any other circumstance, or the validity or enforceability of this Agreement.

 

(d)              
Amendment; Assignment. This Agreement may be amended or modified only by a written instrument signed by the Contractor and
by an expressly authorized representative of the Company. This Agreement, the Services, and all
rights hereunder are unique and personal to the Contractor and may not be transferred or assigned by the Contractor at any time without
the prior written consent of the Company.

 

(e)              
Notice. All notices under this Agreement shall be in writing and shall be (a) delivered in person, (b) sent by facsimile
or e-mail, or (c) mailed, postage prepaid, either by registered or certified mail, return receipt requested, or overnight express carrier,
addressed in each case designated by the party by giving notice in accordance with this Section 7(e). All notices sent pursuant
to the terms of this Section 7(e) shall be deemed received (i) if personally delivered, then on the date of delivery; (ii) if sent
by facsimile or e-mail before 2:00 p.m. local time of the recipient, on the day sent if a business day or if such day is not a business
day or if sent after 2:00 p.m. local time of the recipient, then on the next business day; (iii) if sent by overnight, express carrier,
on the next business day immediately following the day sent; or (iv) if sent by registered or certified mail, on the earlier of the third
(3rd) business day following the day sent or when actually received. Any notice by facsimile or e-mail shall be followed by
delivery of a copy of such notice on the next business day by overnight express carrier or by hand. For twelve (12) months following the
termination of the Contractor’s engagement, the Contractor will notify the Company of any change in the Contractor’s address
and of each subsequent employment or business activity, including the name and address of the Contractor’s future employer or other
post-termination employment plans and the nature of the Contractor’s activities.

 

(f)               
Waiver. Failure by either Party to insist upon strict compliance with any of the terms, covenants, or conditions hereof
shall not be deemed a waiver of such term, covenant, or condition, nor shall any waiver or relinquishment of any right or remedy hereunder
at any time be deemed a waiver or relinquishment of such right or remedy.

 

(g)              
Use of Non-Company Information. The Contractor agrees not to bring to the Company or to use in the performance of the Contractor’s
Services for the Company or its clients any materials or documents of a present or former employer of the Contractor (other than the Company),
or any materials or documents obtained by the Contractor under an obligation of confidentiality imposed by reason of another of the Contractor’s
business relationships, unless such materials or documents are generally available to the public or the Contractor has authorization from
such present or former employer or client for the possession and unrestricted use of such materials. The Contractor understands that the
Contractor is not to breach any obligation of confidentiality that the Contractor has to present or former employers or clients, and agrees
to fulfill all such obligations during the Term.

 

(h)              
Warrants. The Contractor acknowledges and agrees that the Warrants that are issued
pursuant to this Agreement will be subject to the same transfer and other restrictions applicable to the warrants of the same type held
by the holders of the Company as of the date hereof.

 

(i)                
Attributes. The Contractor hereby perpetually and irrevocably gives the Company permission to use any and all of the Contractor’s
voice, image, and likeness, with or without using the Contractor’s name, and references to the Contractor’s biographical information
and other personal attributes (including, without limitation, references to the Contractor’s social or traditional media publications,
productions, shows, and affiliations) in connection with the products and/or services of the Company, for the purposes of advertising
and promoting such products and/or services of the Company, and/or for other purposes deemed appropriate by the Company in its reasonable
discretion, except to the extent expressly prohibited by law.

 

 

 

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(j)                
Trade Secret Law and Investigations. The Contractor hereby acknowledges receipt of the following notice under 18 U.S.C.
§ 1833(b)(1):

 

“An individual
shall not be held criminally or civilly liable under any Federal or State trade secret law for the disclosure of a trade secret that (A)
is made (i) in confidence to a Federal, State, or local government official, either directly or indirectly, or to an attorney; and (ii)
solely for the purpose of reporting or investigating a suspected violation of law; or (B) is made in a complaint or other document filed
in a lawsuit or other proceeding, if such filing is made under seal.”

The
Contractor also further agrees that during the term of this Agreement and thereafter, the Contractor will cooperate fully with the Company
in the defense or prosecution of any government investigations and any government or third-party claims or actions now in existence or
which may be brought or threatened in the future against or on behalf of the Company, including any claim or action against its directors,
officers, and employees.  The Contractor’s cooperation in connection with such claims or actions shall include the Contractor
being available, within reason given the constraints of personal commitments, future employment, or job search activities, to meet with
the Company to prepare for any proceeding, to provide truthful affidavits, to assist with any audit, inspection, proceeding, or other
inquiry, and to act as a witness in connection with any litigation or other legal proceeding affecting the Company.  The Contractor
further agrees that should an individual representing a party adverse to the business interests of the Company (including, without limitation,
anyone threatening any form of legal action against the Company) contact the Contractor (directly or indirectly), the Contractor will
promptly (within forty-eight (48) business hours) inform the General Counsel of the Company in writing of that fact, unless prohibited
from doing so under court order.

 

(k)              
Counterparts. This Agreement may be executed in one or more counterparts, each of which when executed shall be deemed to
be an original but all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature
page to this Agreement by electronic transmission, including in portable document format (.pdf), shall be deemed as effective as delivery
of an original executed counterpart of this Agreement.

 

[Signature page follows]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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IN WITNESS WHEREOF, the parties
hereto have executed this Consulting Agreement as of the day and year first above written.

 

 

	 	CONTRACTOR
	 	
     

     

     

	 	
    /s/ Han-Chieh Shih                             

    Han-Chieh Shih, an individual

     

	 	 
	 	 
	 	
    COMPANY

     

    NOCERA, INC.,

    a Nevada corporation

     

	 	
     

     

     

    By: /s/ Yin-Chieh Cheng                        

    Name: Yin-Chieh Cheng

    Title: President and Chief Executive Officer

 

 

  

 

 

 

 

 

 

Signature Page to Consulting Agreement (Shih)

 

 

 

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SCHEDULE A

 

SERVICES

 

The Contractor
will be available on an as-needed basis to respond to emails and phone calls from, and engage in discussions with, the Company’s
employees relating to the services that the Contractor provided to the Company during the Contractor’s employment with the Company
in a manner consistent with the standards the Contractor maintained when employed by the Company. The Contractor’s point of contact
for the Services is Stan Yu.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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EXHIBIT A

 

PRIOR INVENTIONS

 

None.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

    	 	A-1Exhibit 10.17

 

EMPLOYMENT AGREEMENT

 

THIS AGREEMENT is made
and entered into this 16th day of August, 2019, (the "Effective Date") between Nocera, Inc., a Nevada corporation
(the “Company”), and YU, HSIEN-WEN (“Officer a/k/a Employee”).

 

W I T N E S S E T H:

 

WHEREAS, the Company
is in need of management services as well as assistance in developing its business plan, general corporate management, and strategic planning.

 

WHEREAS, Employee desires
to assist the Company in its management needs.

 

WHEREAS, the parties
hereto desire to enter into an agreement for the Company’s employment of Employee on the terms and conditions contained in this
Agreement;

 

NOW, THEREFORE, for
and in consideration of the premises and the mutual covenants and agreements contained in this Agreement, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

1.       Employment,
Title and Responsibilities. Subject to the terms and conditions of this Agreement, the Company hereby employs Officer, and Officer
hereby accepts employment with the Company. Officer will have such duties for the Company or its subsidiaries as are assigned to her from
time to time by the Company. The Officer shall be employed as the Operation Manager of the Company. The duties of the Officer shall include
the performance of all of the duties typical of the office held by Officer as described in the bylaws of the Company and such other duties
and projects typical of the office as may be assigned by the board of directors of the Company. Additionally, Employee shall be elected
to the Board of Directors of the Company.

 

2.       Term.
Officer’s employment pursuant to this Agreement will commence as of the Effective Date and will continue for five years, or until
terminated in accordance with Section 6 below (the period during which Officer is employed under this Agreement being herein referred
to as the “Term”). Unless terminated by either party upon notice to the other party within 30 days of the end of the term
of this Agreement, this Agreement will automatically renew on a month-to-month basis.

 

3.       Time
Commitment. During the Term, Officer will devote Officer’s full business time, attention and energies to the diligent and
faithful performance of Officer’s duties as an Officer of Company.

 

4.       Compensation
and Benefits. In consideration of Officer’s services under this Agreement, Company will provide to Officer compensation
and other benefits.

 

5.       Covenants
of Officer. Officer understands and acknowledges that the Company’s ability to develop and retain trade secrets, customer
lists, proprietary techniques, information regarding customer needs and other confidential information relating to the Existing Business
is of the utmost importance to the Company’s success, and Officer further acknowledges that Officer will develop and learn information
in the course of Officer’s employment that would be useful in competing unfairly with the Company. In light of these facts and in
consideration of Officer’s employment with the Company and the Company’s agreement to compensate Officer on the terms set
forth in Section 4 of this Agreement, Officer covenants and agrees with Company as follows:

 

 

 

    	 	1	 

     

    

 

5.1.       Confidential
Information. Officer shall use his best efforts to protect Confidential Information. During and after association with Company,
Officer will not use (other than for Company) or disclose any of Company’s Confidential Information. “Confidential Information”
means information, without regard to form, relating to Company’s customers, operation, finances, and business that derives economic
value, actual or potential, from not being generally known to other Persons, including, but not limited to, technical or nontechnical
data, formulas, patterns, compilations (including compilations of customer information), programs, models, concepts, designs, devices,
methods, techniques, processes, financial data or lists of actual or potential customers (including identifying information about customers),
whether or not in writing. Confidential Information includes information disclosed to Company by third parties that Company is obligated
to maintain as confidential. Confidential Information subject to this Agreement may include information that is not a trade secret under
applicable law, but information not constituting a trade secret only shall be treated as Confidential Information under this Agreement
for a two (2) year period after the date on which Officer’s employment with the Company is terminated (the “Termination Date”).
“Person” means any individual, corporation, limited liability company, bank, partnership, joint venture, association, joint-stock
company, trust, unincorporated organization or other entity.

 

 5.2.       Return
of Materials. On the Termination Date or for any reason or at any time at Company’s request, Officer will deliver promptly
to Company all materials, documents, plans, records, notes, or other papers and any copies in Officer’s possession or control relating
in any way to the Existing Business, which at all times shall be the property of Company.

 

5.3.       Solicitation
of Employees and Independent Contractors. During Officer’s employment hereunder and for one (1) year after the Termination
Date, Officer will not induce, solicit, or assist in the solicitation of, any Person employed or engaged by Company in any capacity (including
without limitation as an employee or independent contractor), to terminate such employment or other engagement, whether or not such Person
is employed or engaged pursuant to a contract with Company and whether or not such Person is employed or otherwise engaged at will.

 

5.4.       Disparagement.
Officer shall not at any time make false, misleading or disparaging statements about Company, including its products, services, management,
Officers, and customers.

 

5.5.       Prior
Agreements. Officer warrants that Officer is not under any obligation, contractual or otherwise, limiting or affecting Officer’s
ability or right to perform freely Services for Company. Upon execution of this Agreement, Officer will give Company a copy of any agreement,
or notify Company of any agreement if a written agreement is not available, with a prior employer or other Person purporting to limit
or affect Officer’s ability or right to perform Services for Company, to solicit customers or potential customers, to solicit the
Officers or independent contractors of a prior employer or other Person, or to use any type of information.

 

5.7.       Future
Employment or Contractual Opportunities. At any time before, and for one year after, the Termination Date, Officer shall provide
any prospective employer with a copy of this Agreement, and upon accepting any employment with another Person, provide Company with the
employer’s name and a description of the services Officer will provide.

 

5.8.       Work
For Hire Acknowledgment; Assignment. Officer acknowledges that work on and contributions to documents, programs, and other expressions
in any tangible medium (collectively, “Works”) are within the scope of Officer’s employment and part of Officer’s
duties, responsibilities, or assignment. Officer’s work on and contributions to the Works will be rendered and made by Officer for,
at the instigation of, and under the overall direction of, Company, and all such work and contributions, together with the Works, are
and at all times shall be regarded, as “work made for hire” as that term is used in the United States Copyright Laws. Without
limiting this acknowledgment, Officer assigns, grants, and delivers exclusively to Company all rights, titles, and interests in and to
any such Works, and all copies and versions, including all copyrights and renewals. Officer will execute and deliver to Company, or its
successors and assigns, any assignments and documents Company requests for the purpose of complete, exclusive, perpetual, and worldwide
ownership of all rights, titles, and interests of every kind and nature, including all copyrights in and to the Works, and Officer constitutes
and appoints Company as its agent to execute and deliver any assignments or documents Officer fails or refuses to execute and deliver,
this power and agency being coupled with an interest and being irrevocable.

 

 

 

    	 	2	 

     

    

 

5.9.       Inventions,
Ideas and Patents. Officer shall disclose promptly to Company, and only to Company, any invention or idea of Officer (developed
alone or with others) conceived or made during Officer’s employment by Company or within six months of the Termination Date. Officer
assigns to Company any such invention or idea in any way connected with Officer’s employment or related to Existing Business, its
research or development, or demonstrably anticipated research or development and will cooperate with Company and sign all papers deemed
necessary by Company to enable it to obtain, maintain, protect, and defend patents covering such inventions and ideas and to confirm Company’s
exclusive ownership of all rights in such inventions, ideas and patents, and irrevocably appoints Company as its agent to execute and
deliver any assignments or documents Officer fails or refuses to execute and deliver promptly, this power and agency being coupled with
an interest and being irrevocable. This constitutes written notification that this assignment does not apply to an invention for which
no equipment, supplies, facility or trade secret information of Company was used, and which was developed entirely on Officer’s
own time, unless (a) the invention relates (i) directly to Existing Business, or (ii) to Company’s actual or demonstrably anticipated
research or development, or (b) the invention results from any work performed by Officer for Company.

    

5.10       Property
of Company. Officer acknowledges and agrees that all business Officer generates because of his affiliation with the Company is
and shall be the sole property of the Company. All receivables, premiums, commissions, fees and other compensation generated by the Officer’s
services are the property of the Company. The Officer is hereby prohibited from invoicing customers of the Company except with the express
written consent of the Company. All checks or bank drafts representing payment for goods or services sold or rendered by the Company are
property of the Company, and all monies or other consideration in whatever form received by the Officer from a client or customer of the
Company shall be tendered immediately to the Company

 

6.       Termination
For Cause. Officer’s employment under this Agreement may be terminated by the Company immediately upon the occurrence of
one of the following events, and if so terminated, the Company shall have no further liability to Officer whatsoever for compensation,
benefits or damages other than those that have accrued prior to termination:

 

(a)       the
commission of any act by Officer which, if prosecuted, would constitute a felony;

 

(b)       any
material act or omission involving malfeasance or negligence in the performance of employment duties which has a materially adverse effect
on the Company and which has not been corrected in 30 days after written notice from the Company;

 

(c)       failure
or refusal by Officer to comply with the policies of the Company contained in any Company Handbook or with the provisions of this Agreement
if not cured within ten (10) days after the receipt of written notice from the Board of Directors;

 

(d)       Officer’s
prolonged absence without the consent of the Company;

 

(e)       Officer’s
gross neglect of his duties or willful insubordination to the Board of Directors or his superior officers;

 

(f)       the
death of Officer;

 

(g)       delivery
of written notice of termination by Company after Officer has become unable to perform Officer’s services by reason of illness or
incapacity, which illness or incapacity results in Officer’s failure to discharge Officer’s duties under this Agreement for
an aggregate total of sixty (60) days (whether consecutive or nonconsecutive) during any one hundred and eighty (180) day period,

 

 

 

    	 	3	 

     

    

 

7.       Setoff.
All amounts due or payable to Officer by Company pursuant to this Agreement are subject to reduction and offset to the extent permitted
by applicable law for any amounts due or payable to Company by Officer.

 

8.       No
Conflicting Obligations. Officer represents and warrants that Officer is not subject to any noncompetition agreement, nondisclosure
agreement, employment agreement, or any other contract of any nature whatsoever, oral or written, with any Person other than Company,
or any other obligation of any nature, which will or could cause a breach of or default in, or which is in any way inconsistent with,
the terms and provisions of this Agreement.

  

9.       Miscellaneous.

 

9.1.       Agreement
Binding. This Agreement will inure to the benefit of and be binding upon Company and its successors and assigns, and Officer and
Officer’s heirs, executors, administrators and personal representatives. This Agreement may not be assigned by Officer or by Company,
except that Company may assign its rights under this Agreement without the written consent of Officer to any affiliate of Company or in
connection with any transfer of Company or of all or any substantial part of the Existing Business (and such assignment will not constitute
a termination of Officer’s employment by Company for purposes of this Agreement) (“Permitted Assignment”); provided,
however, that such affiliate or transferee will be obligated to perform this Agreement in accordance with its terms. Company will be released
from all of its obligations under this Agreement upon a Permitted Transfer.

 

9.2.       Entire
Agreement. This Agreement, including any attachments, contains the entire agreement between the parties with respect to employment
of Officer by the Company and no statement, promise or inducement made by either party hereto, or any agent of either party, which is
not contained in this Agreement, will be valid or binding; and this Agreement may not be enlarged, amended, modified or altered except
in a writing signed by Company and Officer and specifically referencing this Agreement. The provisions of this Agreement do not in any
way limit or abridge any rights of Company or any affiliate under the laws of unfair competition, trade secret, copyright, patent, trademark
or any other applicable laws, all of which are in addition to and cumulative of the rights of Company under this Agreement.

 

9.3.       Provisions
Severable. If any provision or covenant of this Agreement is held by any court to be invalid, illegal or unenforceable, either
in whole or in part, then such invalidity, illegality or unenforceability will not affect the validity, legality or enforceability of
the remaining provisions or covenants of this Agreement, all of which will remain in full force and effect. If any covenant in Section
5 is held to be unreasonable, arbitrary, or against public policy, such covenant will be considered to be divisible with respect to
scope, time, and geographic area, and such lesser scope, time, or geographic area, or all of them, as a court of competent jurisdiction
may determine to be reasonable, not arbitrary, and not against public policy, will be effective, binding, and enforceable against Officer.

 

9.4.       Prior
Agreements. The terms and conditions of all prior agreements between the Company and Officer concerning the employment of Officer
with the Company are hereby terminated and superseded by the terms and conditions of this Agreement.

 

9.5.       Remedies.
Officer acknowledges that if Officer breaches or threatens to breach Officer’s covenants and agreements in this Agreement, then
Officer’s actions may cause irreparable harm and damage to Company which could not be adequately compensated in damages. Accordingly,
if Officer breaches or threatens to breach this Agreement, then Company will be entitled to injunctive relief, in addition to any other
rights or remedies of Company under this Agreement or otherwise. Officer will indemnify Company and its affiliates and hold them harmless
against and in respect of all claims, demands, losses, costs, expenses, obligations, liabilities and damages, including reasonable attorneys’
fees, resulting from or relating to any breach by Officer of Officer’s representations, warranties, covenants and agreements under
this Agreement.

 

 

 

    	 	4	 

     

    

 

9.5.       Waiver.
Failure of either party to insist, in one or more instances, on performance by the other in strict accordance with the terms and conditions
of this Agreement will not be deemed a waiver or relinquishment of any right granted in this Agreement or of the future performance of
any such term or condition or of any other term or condition of this Agreement, unless such waiver is contained in a writing signed by
the party making the waiver and specifically referencing this Agreement.

 

9.6.       Notices.
All notices and other communications required or permitted to be given or made under this Agreement will be in writing and delivered
personally or sent by pre-paid, first class certified or registered mail, return receipt requested, or by facsimile transmission, to the
intended recipient of this Agreement at such recipient’s address or facsimile number set forth below:

 

	
    If to Company:

     

    Nocera, Inc.

    Att.: Erik S. Nelson, Secretary

    2030 Powers Ferry Road SE

    Suite # 212

    Atlanta, GA. 30339

    Office (404)-816-9220

    Fax (404)-816-8830

    Email: esn@coralcapital.com
	
    If to Officer:

     

    YU-HSIEN-WEN

    Address: 2F., No. 2-1, Yuanlin St., Tucheng Dist.

    New Taipei City 236, Taiwan (R.O.C.)

    Mobile: +886 988 735 383

    Email: stanyu7777@gmail.com

     

     

     

 

Any such notice or communication will
be deemed to have been duly given immediately (if given or made in person or by facsimile confirmed by mailing a copy of this Agreement
to the recipient in accordance with this Section 9.6 on the date of such facsimile), or three days after mailing (if given or made
by mail), and in proving same it will be sufficient to show that the envelope containing the same was delivered to the delivery or postal
service and duly addressed, or that receipt of a facsimile was confirmed by the recipient as provided above. Any Person entitled to notice
may change the address(es) or facsimile number(s) to which notices or other communications to such Person will be delivered, mailed or
transmitted by giving notice of this Agreement to the parties hereto in the manner provided in this Agreement.

 

9.7.       Covenants
Independent; Survival.

 

(a)       The
covenants, agreements, representations, and warranties of Officer contained in this Agreement are separate and independent from the covenants,
agreements, representations and warranties of Officer contained in any other agreement or document in favor of Company or any of its affiliates,
and this Agreement will in no way affect or be affected by the scope or continuing validity of any such covenant, agreement, representation
or warranty of Officer.

 

(b)       Officer’s
obligations pursuant to Sections 5 will survive the Termination Date and any termination of this Agreement. Except as required
by law or the express terms of any Officer benefit plan in which Officer participates, neither Officer nor Officer’s heirs, executors,
administrators or personal representatives, will be entitled to any salary, bonus or other compensation or any benefits during or for
any period after the Termination Date.

 

9.8.       Counterparts.
This Agreement may be executed simultaneously in two or more counterparts, each of which will be deemed an original, and it will not be
necessary in making proof of this Agreement to produce or account for more than one such counterpart.

 

 

 

    	 	5	 

     

    

 

9.9.       Headings.
Section and other headings contained in this Agreement are for reference purposes only and are in no way intended to define,
interpret, describe or otherwise limit the scope, extent or intent of this Agreement or any of its provisions.

 

9.10.       Withholding.
Anything in this Agreement to the contrary notwithstanding, all payments required to be made by Company under this Agreement
to Officer will be subject to the withholding of such amounts relating to taxes or other charges as Company may reasonably determine
it should withhold pursuant to any applicable law or regulation.

 

9.11.       Tax
Consequences. Company will have no obligation to any Person entitled to the benefits of this Agreement with respect to any tax
obligation any such Person incurs as a result of or attributable to this Agreement, including all supplemental agreements and Officer
benefits plans incorporated by reference therein, or arising from any payments made or to be made under this Agreement or thereunder.

 

9.12.       Governing
Law. This Agreement and the rights and obligations of the parties under this Agreement will be governed by and construed and enforced
in accordance with the laws of the State of Georgia, without regard to its principles of conflicts of law.

 

9.13.       Construction.
The language in all parts of this Agreement will be construed, in all cases, according to its fair meaning, and not for or against either
party hereto. The parties acknowledge that each party and its counsel have reviewed and revised this Agreement and that the normal rule
of construction to the effect that any ambiguities are to be resolved against the drafting party will not be employed in the interpretation
of this Agreement.

 

9.14.       Obligations
Contingent. The obligations of Company under this Agreement, including its obligation to pay the compensation provided for in
this Agreement, are contingent upon Officer’s performance of Officer’s obligations under this Agreement. The duties, covenants
and agreements of Officer under this Agreement, being personal, may not be delegated.

 

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

 

	
    Agreed to & Accepted

    This 16th day of August, 2019:

     

     

    /s/ Erik S. Nelson

    __________________________________

    Erik S. Nelson, Secretary

    Nocera, Inc.
	
    Agreed to & Accepted

    This 16th day of August, 2019:

     

     

    /s/ Yu, Hsien-Wen

    ______________________________________

    Signature

     

     

    Yu, Hsien-Wen

    _______________________________________

    (printed name)

 

 

 

 

 

 

 

 

    	 	6

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