Document:

Exhibit 10.3

 

Employment
Contract –Zhizhong Hu

 

BETWEEN:  Beijing
REIT Technology Development Co., Ltd, a company legally incorporated under the laws of People’s Republic of China, having
a mailing address at Room 1611, No.1 Building, No.208, Second Block, Lize Zhongyuan, Wangjing Xinxing Industrial Area, Chaoyang
District, Beijing City, acting and represented herein by Mr. Li Hengfang, Legal Representative, declaring duly authorized, (hereinafter
called the “COMPANY”)

 

AND:   Mr.
Zhizhong Hu, (hereinafter called the “EXECUTIVE

 

(COMPANY
and EXECUTIVE hereinafter collectively called “Parties”)

 

WHEREAS:

 

COMPANY
requires the services of EXECUTIVE as Chief Technology Officer (CTO);

 

EXECUTIVE
agreed to provide COMPANY his full-time services as CTO;

 

the
Parties wish to confirm their agreement in writing;

 

the
Parties have the capacity and quality of exercise all the rights necessary for the conclusion and implementation of the agreement
found in this Contract;

 

THEREFORE
THE FOREGOING, THE PARTIES AGREE AS FOLLOWS:

 

1.
Employment

 

EXECUTIVE
agrees to assume full-time for COMPANY (minimum of forty (40) hours per week) the role of CTO during the entire duration of the
Contract;

 

2.
Term

 

This
Contract is for an initial term of 36 months, namely from October 1, 2018 to September 30, 2021, renewable
for an additional period of 24 months unless either party terminates it in writing at least sixty (60) days before
the expiration of the initial term;

 

    	 	1	 

     

    

 

3.
Responsibilities

 

EXECUTIVE
agrees and undertakes to COMPANY to the following: The services must be made full time in a professional manner, according to
the rules generally accepted by industry.

3.1
Creating overall technology standards and practices and ensuring adherence.

 

3.2
Building and managing the COMPANY’s technology team.

 

3.3
Managing data systems implementation and monitoring their effectiveness in meeting business goals.

 

3.4
Collaborate with the appropriate departments to assess and recommend technologies in support of COMPANY
needs.

3.5
Work with the CEO and other executives to develop a technical strategy for the COMPANY, involving goal-setting, discussing options
and analyzing risks, ensuring the technical strategy align with the COMPANY’s overall business objectives.

 

3.6
Keeps an eye out for new technological developments that can help the COMPANY improve efficiency and customer satisfaction.

 

4.
CONSIDERATION

 

4.1
Service Awards

 

In
consideration of the provision of services, COMPANY to pay EXECUTIVE, as compensation;

 

The
gross amount of RMB 700,000 annually (the “Base Salary”) calculated at the rate of twelve (12) equal monthly
installments consecutively of RMB 58,333 each.

 

4.2
Expenditure incurred

 

COMPANY
will reimburse EXECUTIVE all reasonable expenses incurred in connection with this Contract, upon presentation of appropriate documentation.
The date of reimburse EXECUTIVE shall be the 20th of each month.

 

4.3
Bonus

 

Executive
will be eligible to receive an annual bonus with a target payout up to 150% of the Base Salary (the “Target Bonus”),
subject to achieving Company and individual performance goals established by the Compensation Committee in consultation with the
Executive. The Compensation Committee shall have the sole discretion to determine whether Executive is entitled to any such bonus
and to determine the amount of any such bonus. Such bonus will be pro-rated for partial year of service.

 

    	 	2	 

     

    

 

5.
Commitment to confidentiality and nondisclosure

 

EXECUTIVE
recognizes that certain disclosures to be provided by COMPANY have or may have considerable strategic importance, and therefore
represent trade secrets for purposes of this Contract. During the term of this Contract and for a period of 36 months following
the end of it, EXECUTIVE is committed to COMPANY to:

 

a)
keep confidential and not disclose the information;

 

b)
take and implement all appropriate measures to protect the confidentiality of the information;

 

c)
not disclose, transmit, exploit or otherwise use for its own account or for others, elements of information;

 

6.
Exclusivity of service provider

 

During
the term of this Contract and for a period of 24 months following the end of it, EXECUTIVE is committed to COMPANY not
render services to or for direct or indirect competitors of COMPANY.

 

7.
Termination of Contract

 

Either
party may terminate this Contract at any time, upon presentation of a sixty (60) days notice given to the other party.

 

8.
GENERAL PROVISIONS

 

Unless
specific provision to the contrary in this Contract, the following provisions apply.

 

8.1
Force Majeure

 

Neither
party can be considered in default under this Contract if the performance of its obligations in whole or in part is delayed or
prevented by following a force majeure situation. Force majeure is an external event, unforeseeable, irresistible and it absolutely
impossible to fulfill an obligation.

 

8.2
Severability

 

The
possible illegality or invalidity of an article, a paragraph or provision (or part of an article, a paragraph or provision) does
not in any way affect the legality of other items, paragraphs or provisions of this Contract, nor the rest of this article, this
paragraph or provision unless a contrary intention is evident in the text.

 

    	 	3	 

     

    

 

8.3
Notices

 

Any
notice to a party is deemed to have been validly given if in writing and sent by registered or certified mail, by bailiff or by
courier to such party at the address listed at the beginning of this Contract or any other address that the party may indicate
a similar notice to another party. A copy of any notice sent by mail must be sent by one mode of delivery mentioned above.

 

8.4
No Waiver

 

The
inertia, neglect or delay by any party to exercise any right or remedy under this Contract shall in no way be construed as a waiver
of such right or remedy.

 

8.5
Contract Amendment

 

This
Contract may be amended only by a writing signed by all Parties.

 

9.
Applicable Laws and Election of domicile

 

This
Contract is subject to the laws of the People’s Republic of China. 

 

The
Parties agree to elect domicile in the judicial district of Beijing City, China, and chose it as the appropriate district
to hear any claim arising from the interpretation, application, and performance, the entry into force, validity and effect of
this Contract.

 

10.
Currencies

 

All
sums of money under this Contract refer to Chinese currency.

 

11.
Effectiveness and Copies

 

This
Contract will come into force upon signature and seal by both Parties. This Contract is made in duplicate and both are of equally
binding force. The COMPANY and the EXECUTIVE each holds one copy.

 

IN
THE CITY OF BEIJING, CHINA, 

 

	Beijing
    REIT Technology Development Co., Ltd 	 
	(seal)	 
	 	 
	 	 
	/s/
Zhizhong Hu	 
	Zhizhong Hu	 

 

 

    	 	4Exhibit 10.4

 

Employment Contract
– Yuxia Jia

 

BETWEEN:  Beijing
REIT Technology Development Co., Ltd, a company legally incorporated under the laws of People’s Republic of China, having
a mailing address at Room 1611, No.1 Building, No.208, Second Block, Lize Zhongyuan, Wangjing Xinxing Industrial Area, Chaoyang
District, Beijing City, acting and represented herein by Mr. Li Hengfang, Legal Representative, declaring duly authorized, (hereinafter
called the “COMPANY”)

 

AND:  Mr. Yuxia
Jia, (hereinafter called the “EXECUTIVE”)

 

(COMPANY and EXECUTIVE hereinafter collectively
called “Parties”)

 

WHEREAS:

 

COMPANY requires the services of EXECUTIVE
as Chief Financial Officer (CFO);

 

EXECUTIVE agreed to provide COMPANY his
full-time services as CFO;

 

the Parties wish to confirm their agreement
in writing;

 

the Parties have the capacity and quality
of exercise all the rights necessary for the conclusion and implementation of the agreement found in this Contract;

 

THEREFORE THE FOREGOING, THE PARTIES AGREE
AS FOLLOWS:

 

1. Employment

 

EXECUTIVE agrees to assume full-time for
COMPANY (minimum of forty (40) hours per week) the role of CFO during the entire duration of the Contract;

 

2. Term

 

This Contract is for an initial term of 36
months, namely from October 1, 2018 to September 30, 2021, renewable for an additional period of 24 months
unless either party terminates it in writing at least sixty (60) days before the expiration of the initial term;

 

    	 	1	 

     

    

 

3. Responsibilities

 

EXECUTIVE agrees and undertakes to COMPANY
to the following: The services must be made full time in a professional manner, according to the rules generally accepted by industry.

 

3.1 Set-up and/or oversee all financial
and operational controls and metrics within the organization.

 

3.2 Maintain executive responsibility for
financial operations, including working capital, capital expenditures, debt levels, taxes, budget, and general accounting.

 

3.3 Develop and direct financial plans
to the strategic business plan, company growth, and market opportunities and direction.

 

3.4 Establish and maintain stable cash
flow management policies and procedures, and ensure cash resources are available for daily operations and business and product
development.

 

3.5 Analyze current and future business
operations and plans to determine financial effectiveness.

 

3.6 Establish the performance goals, allocate
resources, and assess policies for employees, through other managers.

 

4. CONSIDERATION

 

4.1 Service Awards

 

In consideration of the provision of services,
COMPANY to pay EXECUTIVE, as compensation;

 

The gross amount of RMB 250,000
annually (the “Base Salary”) calculated at the rate of twelve (12) equal monthly installments consecutively of
RMB 20,833 each.

 

4.2 Expenditure incurred

 

COMPANY will reimburse EXECUTIVE all reasonable
expenses incurred in connection with this Contract, upon presentation of appropriate documentation. The date of reimburse EXECUTIVE
shall be the 20th of each month.

 

4.3 Bonus 

 

Executive will be eligible to receive an
annual bonus with a target payout up to 150% of the Base Salary (the “Target Bonus”), subject to achieving Company
and individual performance goals established by the Compensation Committee in consultation with the Executive. The Compensation
Committee shall have the sole discretion to determine whether Executive is entitled to any such bonus and to determine the amount
of any such bonus. Such bonus will be pro-rated for partial year of service.

 

    	 	2	 

     

    

 

5. Commitment to confidentiality and
nondisclosure

 

EXECUTIVE recognizes that certain disclosures
to be provided by COMPANY have or may have considerable strategic importance, and therefore represent trade secrets for purposes
of this Contract. During the term of this Contract and for a period of 36 months following the end of it, EXECUTIVE is committed
to COMPANY to:

 

a) keep confidential and not disclose the
information;

 

b) take and implement all appropriate measures
to protect the confidentiality of the information;

 

c) not disclose, transmit, exploit or otherwise
use for its own account or for others, elements of information;

 

6. Exclusivity of service provider

 

During the term of this Contract and for
a period of 24 months following the end of it, EXECUTIVE is committed to COMPANY not render services to or for direct or
indirect competitors of COMPANY.

 

7. Termination of Contract

 

Either party may terminate this Contract
at any time, upon presentation of a sixty (60) days notice given to the other party.

 

8. GENERAL PROVISIONS

 

Unless specific provision to the contrary
in this Contract, the following provisions apply.

 

8.1 Force Majeure

 

Neither party can be considered in default
under this Contract if the performance of its obligations in whole or in part is delayed or prevented by following a force majeure
situation. Force majeure is an external event, unforeseeable, irresistible and it absolutely impossible to fulfill an obligation.

 

    	 	3	 

     

    

 

8.2 Severability

 

The possible illegality or invalidity of
an article, a paragraph or provision (or part of an article, a paragraph or provision) does not in any way affect the legality
of other items, paragraphs or provisions of this Contract, nor the rest of this article, this paragraph or provision unless a contrary
intention is evident in the text.

 

8.3 Notices

 

Any notice to a party is deemed to have
been validly given if in writing and sent by registered or certified mail, by bailiff or by courier to such party at the address
listed at the beginning of this Contract or any other address that the party may indicate a similar notice to another party. A
copy of any notice sent by mail must be sent by one mode of delivery mentioned above.

 

8.4 No Waiver

 

The inertia, neglect or delay by any party
to exercise any right or remedy under this Contract shall in no way be construed as a waiver of such right or remedy.

 

8.5 Contract Amendment

 

This Contract may be amended only by a
writing signed by all Parties.

 

9. Applicable Laws and Election of domicile

 

This Contract is subject to the laws of
the People’s Republic of China. 

The Parties agree to elect domicile in
the judicial district of Beijing City, China, and chose it as the appropriate district to hear any claim arising from the
interpretation, application, and performance, the entry into force, validity and effect of this Contract.

 

10. Currencies

 

All sums of money under this Contract refer
to Chinese currency.

 

11. Effectiveness and Copies

 

This Contract will come into force upon
signature and seal by both Parties. This Contract is made in duplicate and both are of equally binding force. The COMPANY and the
EXECUTIVE each holds one copy.

  

IN THE CITY OF BEIJING CITY, CHINA, 

 

	Beijing
    REIT Technology Development Co.,  Ltd.	
	(seal)	 
	 	 
	 	 
	/s/
    Yuxia Jia	 
	Yuxia Jia	 

 

    	 	4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00288-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00288-of-00352.parquet"}]]