Document:

Exhibit 10.6

 

Employment Contract – Kezhen Li

 

Employer (Party A): Zhejiang Jiuzi New Energy Vehicles
Co., Ltd.

 

Address: No.1 Building, Jinsha Lake Business
Center, Economic Technology District, Hangzhou, Zhejiang, 311103, China.

 

Employee (Party B): Kezhen
Li; Hangzhou City, Zhejiang Province

 

		I.	Contract
period

 

This contract is 3-year contract
starting from March 14, 2019 through March 14, 2022.

 

		II.	Employment
location and title

 

Party B agrees to work with Party
A in the Office of Chief Officers in Hangzhou based on the job requirement and with the job title as Financial Controller.

 

		III.	Labor
remuneration

 

The annual salary of Party B
is RMB 96,000 per year and shall be paid at the fifteenth day of every month.

 

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

 

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

 

Party A shall fully pay the salary
to Party B monthly by wire transfer and shall not delay or hold it without reason.

 

		IV.	Work
hours, Rest and Leave

 

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

 

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

 

		V.	Social
insurance

 

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

 

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

 

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

 

     

     

    

 

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

 

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

 

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

 

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

  

		VII.	Labor
disciplines and regulations:

 

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

 

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

 

		VIII.	Modification,
revision, termination of the contract

 

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

 

		X.	Other
stipulations

 

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

 

		XI.	Dispute
resolution:

 

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

  

		XI.	Miscellaneous

 

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

labor contract
with this contract.

 

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

 

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

 

Party A: Zhejiang Jiuzi New Energy
Vehicles Co., Ltd.

 

Party B: Kezhen Li

 

The contract was signed on March 14, 2019.Exhibit 10.7

 

Director Agreement
– Kezhen Li

 

Employer (Party A): Jiuzi
Holdings, Inc.

 

Address: No.1
Building, Jinsha Lake Business Center, Economic Technology District, Hangzhou, Zhejiang, 311103, China.

 

Employee (Party
B): Kezhen Li; Hangzhou City, Zhejiang Province

 

	 	I.	Contract
    period

 

This
contract is 3-year contract starting from November 1, 2019 through October 31, 2022.

 

	 	II.	Employment
    location and title

 

Party
B agrees to serve as Director of Party A.

 

	 	III.	Labor
    remuneration

 

Party
B will not receive compensation for her position as the Director of Party A.

 

	 	IV.	Work
    hours, Rest and Leave

 

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

 

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

 

	 	V.	Labor
    disciplines and regulations:

 

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

 

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

 

	 	VI.	Modification,
    revision, termination of the contract

 

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

 

	 	VII.	Other
    stipulations

 

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

 

    

     

    

 

	 	VIII.	Dispute
    resolution:

 

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

  

	 	IX.	Miscellaneous

 

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

 

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

 

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

 

Party
A: Zhejiang Jiuzi New Energy Vehicles Co., Ltd.

 

Party
B: Kezhen Li

 

The contract was signed
on March 14, 2019.EX-4.1

 Exhibit 4.1 
  

			
	Number 1	  	                     Shares
	7.125% FIXED-RATE	  	7.125% FIXED-RATE
	NON-CUMULATIVE PERPETUAL	  	NON-CUMULATIVE PERPETUAL
	PREFERRED STOCK, SERIES A	  	PREFERRED STOCK, SERIES A
		
	CNB FINACIAL CORPORATION	  	SEE REVERSE FOR
	A CORPORATION FORMED	  	IMPORTANT NOTICE ON
	UNDER THE LAWS OF THE	  	TRANSFER RESTRICTIONS
	COMMONWEALTH OF PENNSYLVANIA	  	AND OTHER INFORMATION
		
		  	CUSIP 126128305
		
		  	ISIN US1261283055
		
	This Certifies that	  	AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC
		
	is the record holder of	  	  

 FULLY PAID AND NON-ASSESSABLE SHARES OF 7.125% FIXED-RATE NON-CUMULATIVE PERPETUAL PREFERRED STOCK, SERIES A, NO PAR VALUE PER SHARE, OF 
 CNB FINANCIAL
CORPORATION 
 (the “Corporation”) transferable on the books of the Corporation by the holder hereof in person or by its duly authorized
attorney, upon surrender of this Certificate properly endorsed. This Certificate and the shares represented hereby are issued and shall be held subject to all of the provisions of the Second Amended and Restated Articles of Incorporation of the
Corporation (the “Charter”), the Statement with Respect to Shares of the 7.125% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock effective August 25, 2020 (the “Statement with
Respect to Shares”) and the Second Amended and Restated Bylaws of the Corporation (the “Bylaws”) and any amendments thereto. This Certificate is not valid unless countersigned and registered by the Transfer Agent and Registrar.

  

					
	Dated:	 		 	
	  
	 		 	  

	SECRETARY	 		 	CHIEF FINANCIAL OFFICER
			
	COUNTERSIGNED AND REGISTERED:	 		 	
	AMERICAN STOCK TRANSFER & TRUST
COMPANY, LLC	 		 	
	Brooklyn, NY	 		 	

  

			
	By:	 	  

		 	AUTHORIZED SIGNATURE

 [SEAL] 

 IMPORTANT NOTICE 

THE CORPORATION WILL FURNISH WITHOUT CHARGE TO EACH SHAREHOLDER WHO SO REQUESTS, THE POWERS, DESIGNATIONS, PREFERENCES AND RELATIVE, PARTICIPATING, OPTIONAL
OR OTHER SPECIAL RIGHTS OF EACH CLASS OF STOCK OF THE CORPORATION AND THE QUALIFICATIONS, LIMITATIONS OR RESTRICTIONS OF SUCH PREFERENCES AND RIGHTS, AND THE VARIATIONS IN RIGHTS, PREFERENCES AND LIMITATIONS DETERMINED FOR EACH SERIES, WHICH ARE
FIXED BY THE CHARTER OF THE CORPORATION, THE STATEMENT WITH RESPECT TO SHARES AND THE RESOLUTIONS OF THE BOARD OF DIRECTORS OF THE CORPORATION AND THE AUTHORITY OF THE BOARD OF DIRECTORS TO DETERMINE VARIATIONS FOR FUTURE SERIES. SUCH REQUEST MAY BE
MADE TO THE OFFICE OF THE SECRETARY OF THE CORPORATION OR TO THE TRANSFER AGENT. THE BOARD OF DIRECTORS MAY REQUIRE THE OWNER OF A LOST OR DESTROYED STOCK CERTIFICATE, OR HIS LEGAL REPRESENTATIVES, TO GIVE THE CORPORATION A BOND TO INDEMNIFY IT AND
ITS TRANSFER AGENTS AND REGISTRARS AGAINST ANY CLAIM THAT MAY BE MADE AGAINST THEM ON ACCOUNT OF THE ALLEGED LOSS OR DESTRUCTION OF ANY SUCH CERTIFICATE. 

KEEP THIS CERTIFICATE IN A SAFE PLACE. IF IT IS LOST. STOLEN OR DESTROYED, THE CORPORATION MAY REQUIRE A BOND OF INDEMNITY AS A CONDITION TO THE ISSUANCE OF A
REPLACEMENT CERTIFICATE. 

  
 2 

 The following abbreviations, when used in the inscription on the face of this Certificate, shall be
construed as though they were written out in full according to applicable laws or regulations: 
  

											
		  		  	UNIF GIFT MIN ACT	 	  
	  	Custodian	  	  

	TEN COM -	  	as tenants in common	  		 	(Custodian)	  		  	(Minor)
	TEN ENT -	  	as tenants by the entireties	  		 	under Uniform Gifts to Minors Act of
	JT TEN -	  	as joint tenants with right of	  		 		  	  

		  	survivorship and not as	  		 		  	(State)
		  	tenants in common	  		 		  		  	
		  	Custodian	  		 		  		  	

 Additional abbreviations may also be used though not in the above list. 

For Value Received,
                                     
            hereby sell, assign and transfer unto 
 PLEASE INSERT SOCIAL SECURITY OR OTHER 

IDENTIFYING NUMBER OF ASSIGNEE 
  

			
	 	  	 

 (Please Print or Typewrite Name and Address, Including Zip Code, of Assignee) 

Shares of the 7.125% Fixed-Rate Non-Cumulative Perpetual Preferred Shares, Series A, no par value per share, of the
Corporation represented by the within Certificate, and do hereby irrevocably constitute and appoint
                                      
                                         
      attorney to transfer the said shares on the books of the within named Corporation with full power of substitution in the premises. 
  

			
	Dated:	 	  

 

			
	X	 	  

		
	X	 	  

		
		 	 NOTICE: THE SIGNATURE(S) TO THIS
 ASSIGNMENT
MUST CORRESPOND WITH
 THE NAME(S) AS WRITTEN UPON THE
 FACE OF
THE CERTIFICATE IN EVERY
 PARTICULAR, WITHOUT ALTERATION
 OR
ENLARGEMENT OR ANY CHANGE
 WHATEVER.

 

			
	Signature(s) Guaranteed

			
		
	By	 	  

			
	 THE SIGNATURE(S) MUST BE GUARANTEED BY

AN ELIGIBLE GUARANTOR INSTITUTION
 (BANKS, STOCKBROKERS, SAVINGS
AND LOAN
 ASSOCIATIONS AND CREDIT UNIONS WITH
 MEMBERSHIP IN AN
APPROVED SIGNATURE
 GUARANTEE MEDALLION PROGRAM),
 PURSUANT TO
S.E.C. RULE 17Ad-15

  
 3

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