Document:

Exhibit 4.3

 

EMPLOYMENT AGREEMENT

 

THIS EMPLOYMENT AGREEMENT
(“Agreement”) is entered into this [    ] day of December, 2019 with effect from January 1, 2020 (the “Effective
Date”) by and between PENG HU (“Employee”) and Fuling Global Inc. (“FGI”).

 

WHEREAS, Fuling desires
to employ Employee as the Chief Financial Officer of FGI, the parent company of Fuling USA (FGI, Fuling USA, Direct Link USA, LLC,
Domo industry Inc., Taizhou Fuling Plastics Co., Ltd., Total Faith Holdings Limited, Zhejiang Great Plastics Technology Co., Ltd.
and Wenling Changli Import and Export Co., Ltd. are all referred to collectively herein as “Fuling”); and

 

WHEREAS, Employee and
Fuling desire to establish and govern the employment relationship under the terms and conditions set forth in this Agreement; and

 

NOW, THEREFORE, in consideration of the
mutual covenants and promises set forth herein, the adequacy of which is acknowledged, Employee and Fuling hereby agree as follows:

 

1. Employment.
Employee is being employed by Fuling as the Chief Financial Officer upon and subject to the terms and conditions of this Agreement.
During the term of her employment under this Agreement, Employee shall report to Fuling’s Chief Executive Officer and Board
of Directors, or to such other persons as Fuling may designate from time to time. Fuling reserves the right to change Employee’s
title, duties, and reporting relationships as may be determined by it to be in the best interests of Fuling.

 

2. Duties.

 

(a) During
the term of her employment under this Agreement, Employee will perform her duties hereunder at such time or times as Fuling may
reasonably request. Employee’s duties may be varied by Fuling from time to time without violating the terms of this Agreement
and shall include: (i) preparing the financial statements and notes in FGI’s annual reports, half-year reports, and quarterly
filings (if any) and the corresponding management discussion and analysis; (ii) devoting her best efforts and her entire business
time to further properly the interests and revenues of Fuling to the satisfaction of Fuling, (iii) being subject to Fuling’s
direction and control at all times with respect to her activities on behalf of Fuling, (iv) complying with all rules, orders, regulations,
policies, practices and decisions of Fuling, (v) truthfully and accurately maintaining and preserving all records and making all
reports as Fuling may require, and (vi) fully accounting for all monies and other property of Fuling of which she may from time
to time have custody and delivering the same to Fuling whenever and however directed to do so.

 

(b) In
performing her duties, Employee shall not undertake any action inconsistent with or harmful to the best interests of Fuling. Employee
shall perform her duties and responsibilities in a professional manner and consistent with the overall goals and objectives of
Fuling and applicable federal, state, and local law.

 

(c) In
performing her duties, Employee shall be familiar with and shall comply with: (i) all applicable federal, state, and local laws
and regulations; (ii) the policies and decisions of Fuling’s Board of Directors; and (iii) all policies, procedures, and
requirements enacted by Fuling’s Board of Directors, as they may be amended from time to time. Employee agrees to adhere
to and support Fuling’s policies and practices as set forth in any employee handbook or policy manual. Employee acknowledges
and agrees that Fuling may amend or update its employee handbooks or policy manuals from time to time by written notice to Employee.

 

     

     

    

 

(d) During
her employment with Fuling, Employee shall devote her full time, attention, and best efforts to the operations of Fuling and the
fulfillment of her duties. Employee agrees that, during her employment with Fuling, she will exercise the highest degree of loyalty
and will conduct her duties with the highest degree of care. During her employment with Fuling, Employee shall not directly or
indirectly engage in any other business activity, whether as an employee, employer, consultant, principal, officer, or otherwise
and whether or not done for compensation, gain, or other financial or economic advantage.

 

3. Compensation;
Grant of Shares. For all services rendered by Employee to Fuling, Fuling shall pay Employee an base gross annual salary of
Fifty Eight Thousand ($58,000). Employee’s annual gross salary will be paid to Employee in accordance with Fuling’s
standard payroll policies and practices, beginning with the first regularly scheduled pay date following the Effective Date of
this Agreement. Employee understands and acknowledges that the base gross annual salary to be paid to him under this Agreement
will be reduced by all applicable federal and state payroll and withholding taxes and any other deductions authorized by Employee
for the provision of employee benefits or otherwise. Fuling will conduct an annual performance review of Employee, and any changes
in Employee’s salary shall be determined in the sole discretion of Fuling.

 

4. Expenses.
Fuling shall reimburse Employee for all ordinary and necessary out-of-pocket expenses incurred and paid by Employee in the course
of the performance of Employee’s duties pursuant to this Agreement, provided that Employee incurred such expenses consistent
with Fuling’s policies in effect from time to time with respect to travel, entertainment and other business expenses. To
receive such expenses reimbursement, Employee shall submit written requests, along with supporting documentation and/or receipts,
in compliance with Fuling’s requirements with respect to the manner of approval and reporting of such expenses.

 

5. Additional
Benefits.

 

(a) Subject
to meeting the eligibility requirements to participate in such plans under the terms and conditions established by the plans, Employee
shall be eligible to participate in all employee benefits programs provided by Fuling to its employees, as such may be established
and modified from time to time in the discretion of Fuling. However, nothing contained in this Agreement shall be construed to
obligate Fuling in any manner to maintain any existing plans, put into effect any plans not presently in existence, or provide
special benefits to Employee.

 

(b) During
the term of this Agreement, Employee shall be entitled to a total of four (4) weeks of paid vacation leave per year. Employee understands
and agrees that all vacation time shall be approved by the Chief Executive Officer before Employee takes such leave. Employee’s
ability to carry over unused vacation leave from year to year and to receive payment for unused vacation leave upon termination
of employment shall be governed by Fuling’s policies in existence at the time of such occurrence.

 

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6. Indemnity.
Fuling will indemnify Employee against all expenses, including legal fees, and against all judgments, fines and amounts paid in
settlement and reasonably incurred in connection with civil, criminal, administrative or investigative proceedings to which Employee
is party or are threatened to be made a party by reason of Employee acting as the Chief Financial Officer. To be entitled to indemnification,
Employee must have acted honestly and in good faith with a view to the best interest of Fuling and, in the case of criminal proceedings,
Employee must have had no reasonable cause to believe Employee’s conduct was unlawful. Such limitation of liability does
not affect the availability of equitable remedies such as injunctive relief or rescission. These provisions will not limit Employee’s
liability under United States federal securities laws.

 

7. Termination.

 

(a) From
January 1, 2020 to December 31, 2020, either party may only terminate this agreement with cause, upon thirty (30) days’ written
notice to the other party. From January 1, 2021, either party may terminate this Agreement at any time, for any reason or for no
reason, with or without cause, upon thirty (30) days’ written notice to the other party.

 

(b) Notwithstanding
Paragraph 7(a) above, Employee’s employment with Fuling shall terminate immediately upon: (i) the death, disability, or adjudication
of legal incompetence of Employee; (ii) Fuling’s ceasing to carry on its business without assigning this Agreement; or (iii)
Fuling becoming bankrupt. For purposes of this Agreement, Employee shall be deemed to be disabled when Employee has become unable,
by reason of physical or mental disability, to satisfactorily perform the essential functions of her job and there is no reasonable
accommodation that can be provided to enable him to perform satisfactorily those essential functions. Such matters shall be determined
by, or to the reasonable satisfaction of, Fuling.

 

(c) Notwithstanding
Paragraph 7(a) above, Fuling may immediately terminate this Agreement for cause, effective upon the provision of notice to Employee,
for the following reasons: (i) Employee’s repeated failure to satisfactorily and substantially perform her duties as an employee
of Fuling (other than any such failure resulting from a disability), which failure has continued without remedy for more than thirty
(30) days after Fuling has provided written notice thereof; (ii) Employee’s dishonesty, incompetence, willful misconduct,
gross negligence, or breach of fiduciary duty; (iii) failure to comply with the lawful directives of Fuling’s Board of Directors;
(iv) failure to abide by and/or comply with any laws or regulations governing or relating to the operations of Fuling; (v) failure
to abide by and/or comply with any other applicable laws, including, but not limited to, laws prohibiting discrimination and harassment
in the workplace; (vi) theft, misappropriation, or misuse of Fuling’s property or assets; (vii) Employee’s conviction
of or plea of guilty or nolo contendere to any felony or any other crime involving theft, dishonesty, or fraudulent conduct; or
(viii) breach of Employee’s obligations under this Agreement.

 

(d) In
the event Employee’s employment with Fuling is terminated by Employee or Employer for any or no reason, Fuling shall pay
or provide to Employee any salary that Employee shall have earned and not yet received through the date of such employment termination,
determined on a pro rata basis based on the number of work days in the month of termination.

 

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8. Employee
Covenants.

 

(a) Non-Disclosure
and Return of Confidential Information.

 

(i) Employee
acknowledges that, as an employee of Fuling, Employee will be provided access to, and may develop or assist in developing on Fuling’s
behalf, confidential and proprietary information and trade secrets. As used in this Agreement, “Confidential Information”
shall be deemed to include, but shall not be limited to, information and materials related to Fuling’s business procedures,
methods, and manufacturing processes for producing its products; marketing plans and strategies; customer lists, business histories,
customer presentations, strategic business opportunities and plans; market research, analyses of customer information, and prospective
customer lists; pricing of goods sold, margins, and sales strategies; accounting, operational, organizational, and financial data,
processes, and services; technical know-how; research and development; proprietary computer software and hardware; and any other
information that is not generally known to the public or within the industry in which Fuling competes. “Confidential Information”
shall also be deemed to include information or material received by Fuling from others and intended by them to be kept in confidence
by its recipients. “Confidential Information” shall not include Employee’s general skills and knowledge concerning
general business practices not specific to Fuling’s business, nor shall it include information that has become widely disseminated
and generally available to the public through no wrongful act or omission on the part of Employee.

 

(ii) At
all times during and after employment with Fuling, Employee shall take all reasonable steps necessary to preserve the confidential
and proprietary nature of Confidential Information and to prevent the inadvertent or accidental disclosure of Confidential Information.
Employee will not use, disclose, transfer, or make available any Confidential Information other than: (i) as required by the proper
performance of Employee’s duties for Fuling; (ii) as authorized by Fuling; and (iii) as required by an order or subpoena
from a court of competent jurisdiction and/or administrative agency, provided that, prior to such disclosure, Employee promptly
notifies Fuling so that Fuling may take appropriate action with such court or agency to protect its Confidential Information. Employee
will not remove any Confidential Information from Fuling’s premises or make copies of such materials except for use in Fuling’s
business. Employee shall not retain any tangible, intangible, or electronic copies of any Confidential Information after the termination
of her employment with Fuling for any reason.

 

(iii) If
part of the Confidential Information is known by public, but other parts or the whole is not public knowledge yet, the whole Confidential
Information still has confidential value. Employee agrees to have non-disclosure covenant for such Confidential Information. Employee
shall not disclose such information directly or indirectly, or solicit any third party to put together Confidential Information
by collecting the public part(s).

 

(iv) During
her employment with Fuling, for the interest of Fuling, Employee shall promptly report to Fuling the Confidential Information arising
out of work, submit a written report, and assist Fuling to obtain the right of such information. Such Confidential Information
shall be owned Fuling exclusively. During employment with Fuling, employee shall fully disclose all of her conceptions about Fuling’s
business to Fuling.

 

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(v) The
compensation paid to Employee by Fuling has included all the consideration for Employee to perform the covenants in Paragraph 8(a).

 

(vi) Employee
warrants that, unless Employee has stated to Fuling in writing, Employee’s usage or disclosure of any confidential information
during employment with Fuling does not violate any confidentiality agreement between Employee and any previous employer or other
party. No matter if Employee is bound by such confidentiality agreement, Employee shall not disclose it to Fuling, or solicit Fuling
to use any confidential information of Employee’s any previous employer or other party.

 

(b)  Non-Compete.

 

 (i) Employee
acknowledges that, during the course of her employment, Employee will be granted access to and may develop or assist in developing
Fuling’s Confidential Information and goodwill. Employee recognizes and agrees that in light of her extensive access to and
knowledge of such Confidential Information and in order to protect Fuling’s goodwill with its customers, Fuling has a reasonable
and legitimate interest in protecting itself from unfair competition as set forth in subsection (ii).

 

 (ii) Non-Compete
Period is the course of employment with Fuling and a period of two (2) years after Employee’s
employment with Fuling ceases (whether voluntarily or involuntarily and for whatever reason) . During the Non-Compete Period, Employee
shall not, on her own behalf or on behalf of any other person or entity, compete with Fuling by engaging in
a position where Employee holds any registered or beneficial ownership/stock interest, or as its employee, consultant, management,
director or other capacity, holds any interest of any company or entity that competes with
the goods and services provided by Fuling, or helps or assists such company by any way; (ii) usurp business opportunities provided
by other parties to Fuling, use Fuling’s resources to create any business opportunity for himself; take commission fee related
to Fuling’s transactions, sign contracts or conduct transactions with Fuling without proper approval under internal rules
of Fuling; or conduct other actions detrimental to Fuling’s interests and/or competitive position, (iii) use any of Fuling’s
names, any other name that Fuling uses to operate business, or any similar name, or use such name to build or create any entrepreneur
entity, organization or domain name, or use it in any other way without written consent of Fuling, or (iv) call himself employee
of Fuling or related with Fuling in any way, after termination of her employment with Fuling. This restriction shall only
apply within any geographic area serviced by Employee for Fuling at any time during the one (1) year period preceding Employee’s
termination of employment.

 

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 (iii) During
the Non-Compete Period, if Employee continues performing all the covenants in Paragraph 8(b), Fuling will pay Employee compensation.
The calculation of such compensation is: if Employee continues performing non-compete covenant within twenty (24) months after
the termination of employment, Fuling will pay Employee compensation equaling to six (6)
months of base salary prior to the termination of employment and pay it month by month. Employee confirms that such compensation
is enough and reasonable. Employee further agrees that Fuling has the right at its sole discretion to choose to pay consideration
for Employee to perform the covenants in Paragraph 8(b), or choose to cease payment of consideration to waive Employee’s
covenants in Paragraph 8(b). Fuling has the right at its sole discretion to require Employee to continue to perform the non-compete
covenant (but the term shall not exceed 24 months after the termination of the employment).

 

 (iv) The benefits
obtained (including already obtained or agreed to obtain) by Employee through conducting restricted actions in the Non-Compete
Period shall belong to Fuling.

 

(c) Non-Solicitation
of Customers. Employee specifically agrees that, at all times during her employment with
Fuling and for a period of two (2) years Employee will not solicit or offer to any Customer of Fuling any goods or services that
compete with the goods or services provided by Fuling. For purposes of this Agreement, the term “Customer” means: (i)
any person or entity that contracted with Fuling for goods or services at any time during the twelve (12) month period preceding
the Employee's termination of employment; and (ii) any person or entity to whom Fuling made a proposal or presentation for the
provision of goods or services at any time during the six (6) month period preceding Employee’s termination of employment.
Except as set forth in Paragraph 8(b), this restriction is not intended to prohibit Employee from providing goods or services to
persons or entities who are not Customers of Company.

 

(d) Non-Solicitation
of Employees. Employee specifically agrees that, at all times during her employment with Fuling and for a period of two (2)
years after Employee’s employment with Fuling ceases (whether voluntarily or involuntarily and for whatever reason), Employee
shall not, on Employee’s own behalf or on behalf of any other person or entity, hire, recruit, solicit for employment, or
assist in solicitation or hiring any other employee who works for Fuling. This includes, but is not limited to: (i) providing to
any such prospective employer the identities of any of Fuling’s employees; (ii) providing to any such prospective employer
information about the quantity of work, quality of work, special knowledge, or personal characteristics of any person who is still
employed at the Fuling at the time such information is provided; and/or (iii) assisting any of Fuling’s employees in obtaining
employment with any such prospective employer through the dissemination of resumes and applications, or otherwise. Employee also
specifically agrees that she will not provide the information set forth in subparts (i), (ii), or (iii) above to any prospective
employer during interviews preceding possible employment.

 

(e)  Intellectual
Property.

 

(i) Employee
agrees to disclose to Fuling all inventions, ideas, works of authorship and other trade secrets made, developed and/or conceived
by him and arising out of Employee’s employment at all times during her employment with Fuling and for a period of one (1)
year.

 

(ii) Employee
further agrees that all such inventions, ideas, works of authorship and other trade secrets made shall be “works made for
hire” and that Fuling shall be deemed the author thereof under the U.S. Copyright Act or other applicable law, and all work
product is and shall be free from any claim or retention of rights thereto on the part of Employee.

 

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(iii) In
any event and at any time, Employee hereby irrevocably assigns to Fuling any and all right, title interest in such inventions,
ideas, works of authorship and other trade secrets made, including any and all patents and/or copyrights in connection with any
of the foregoing, and agrees to do any and all acts necessary, and sign any and all instruments, which Fuling may request to secure
all rights related to the foregoing in the United States or in any foreign country.

 

(iv) By
exhibit to this Agreement, Employee lists all inventions she owns, including the ones she invents by himself and the ones she invents
with others. All the inventions, completed prior to the employment with Fuling, and owned by Employee, or although owned by third
party but Employee can use within the scope of agreement, are called Prior Inventions. If no exhibit discloses such inventions,
it deems that Employee states such Prior Invention does not exist. If, during her employment with Fuling, Employee uses any Prior
Invention on products, service, procedure, or machine equipment of Fuling, Fuling automatically gets non-exclusive, free, irrevocable,
permanent and global license (including sublicensing to others through different levels of sublicense) to produce, modify, use
and sell such Prior Invention. In light of the foregoing, Employee agrees that, without prior written consent of Fuling, Employee
shall not use any Prior Invention which has been used on Fuling’s products or service, or authorize others to use.

 

(v) During
her employment with Fuling, Employee confirms the compensation paid from Fuling to Employee fully covers the work for enforcing
the invention, such as proposal of concept, creation, development, improvement or simplification. Employee represents to give up
all legal priority rights to apply patent or trademark, rights to transfer any invention or technology products, and rights to
claim or challenge the ownership of “works made for hire.”

 

(vi) Employee
acknowledges and agrees that the covenants and rights in Paragraph 8(e) will be effective for an indefinite period, and will not
be restricted by the termination of employment with Fuling.

 

(f)  Return
of Company Property.

 

Upon the request of
Fuling or upon the termination of Employee’s employment with Fuling for any reason, Employee shall return to Fuling: (a)
all Confidential Information; (b) all other records, designs, patents, business plans, financial statements, manuals, memoranda,
lists, correspondence, reports, records, charts, advertising materials, and other data or property delivered to or compiled by
Employee by or on behalf of Fuling or its operating subsidiaries, or their representatives, vendors, or customers that pertain
to Fuling’s business, whether in paper, electronic, or other form; and (c) all keys, credit cards, computers, telephones,
PDA’s, equipment, and other property of Fuling. Employee shall not retain or cause to be retained any copies of the foregoing.
Employee hereby agrees that all of the foregoing shall be and remain the property of Fuling, and be subject, at all times to its
discretion and control.

 

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(g)  Enforcement.

 

 (i) Employee
and Fuling have examined in detail the covenants and restrictions set forth in Paragraph 8 (including all subsections) of this
Agreement and agree that the restraints imposed upon Employee are reasonable in light of the legitimate interests of Fuling and
are not unduly restrictive of Employee’s ability to earn a living following the termination of her employment.

 

 (ii) Employee
understands and agrees that the covenants and restrictions set forth in Paragraph 8 (including all subsections) of this Agreement
survive the termination of her employment (regardless of the reason) and remain binding and enforceable against him according to
the restrictions’ respective terms.

 

 (iii) If any
of the covenants contained in Paragraph 8 (including all subsections) of this Agreement are held by a court or other enforcement
authority to be overly broad by reason of time period, geography or scope, the court shall modify any time period, geography or
scope deemed overly broad to the maximum time period, geography or scope that such court or other enforcement authority finds reasonable
and enforceable in light of all the circumstances present at the time such determination is made and this Agreement shall be deemed
to be amended at such time to reflect such determination.

 

 (iv) Employee
agrees that a breach by him of any of the covenants and restrictions set forth in Paragraph 8 (including all subsections) of this
Agreement will result in irreparable injury to Fuling for which a remedy at law shall be insufficient. Employee agrees that in
the event of a breach or threatened breach of such covenants, Fuling shall be entitled to temporary, preliminary, and permanent
injunctive relief without the need to prove irreparable harm and without the necessity of placing a bond for such injunction. The
application of any form of injunctive relief shall not make any other legal or equitable remedy unavailable.

 

(v) In
the event that the Employee is found by a court or other enforcement authority to have breached any of the covenants and restrictions
set forth in Paragraph 8 (including all subsections) of this Agreement, then the time periods set forth in such restrictions, if
any, shall automatically be extended by the length of time which Employee shall have been in breach of any of said provisions.

 

9. Survival
of Obligations. All obligations of Employee that by their nature involve performance after the expiration or termination of
Employee’s employment with Fuling, or that cannot be ascertained to have been fully performed until after the expiration
or termination of Employee’s employment with Fuling, shall survive the expiration or termination of this Agreement. Except
as otherwise specifically provided in this Agreement, all of Fuling’s obligations under this Agreement will terminate at
the time this Agreement or Employee’s employment with Fuling is terminated for any reason.

 

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10. Notice.
Any notice, request, consent or communication under this Agreement shall be effective only if it is in writing and personally delivered
or sent by certified mail, return receipt requested, postage prepaid, or by a nationally recognized overnight delivery service,
with delivery confirmed, addressed as follows:

 

		If to Fuling:	Fuling Plastic USA, Inc.

 6690 Grant Way

 Allentown, PA 18106

 Attention: Chief
Executive Officer

 

		With a Copy to:	Anthony W. Basch

Kaufman &
Canoles, P.C.

Two James
Center, 14th Floor

1021 E. Cary
St.

Richmond,
VA 23219

 

		If to Employee:	Peng Hu

 Jiaxinyuan #8,
Wangcheng Ave.

 Wangcheng District

 Changsha City,
Hunan Province, China

 

or such other persons and/or addresses
as shall be furnished in writing by any party to the other party, and shall be deemed to have been given only upon its delivery
in accordance with this Paragraph 10.

 

11. No
Conflicts. Employee represents and warrants to Fuling that neither the execution nor delivery of this Agreement, nor the performance
of Employee’s obligations hereunder will conflict with, or result in a breach of, any term, condition, or provision of, or
constitute a default under, any obligation, contract, agreement, covenant or instrument to which Employee is a party or under which
Employee is bound, including, but not limited to, the breach by Employee of a fiduciary duty to any former employers.

 

12. Defined
Terms. A term defined in any part of this Agreement shall have the defined meaning wherever the term is used in this Agreement.

 

13. Assignment.

 

(a) This
Agreement may be assigned by Fuling to any successor, subsidiary or affiliated entity or in connection with sale, merger, or consolidation
of Fuling with another entity. Additionally, this Agreement shall be deemed to have been assigned without any further action on
the part of Fuling to a successor entity in the event of a sale, merger, or consolidation of Fuling. Such assignment may
occur without prior notice to Employee and without the provision of any additional consideration to Employee.

 

(b) Employee
understands and agrees that the duties and obligations of Employee under this Agreement are personal in nature and cannot be assigned,
in whole or in part, by Employee.

 

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14. Waiver.

 

(a) Any
failure of any party on one or more occasions to enforce or require the strict keeping and performance of any of the terms and
conditions of this Agreement shall not constitute a waiver of such terms and conditions of this Agreement, shall not constitute
a waiver of such term or condition at any future time, and shall not prevent any party from insisting on the strict keeping and
performance of such terms and conditions at a later time.

 

(b) The
existence of any claim or cause of action of the Employee against Fuling, whether predicated upon an alleged breach of this Agreement
or otherwise, shall not relieve Employee of her obligations under this Agreement and shall not constitute a defense to the enforcement
by Fuling of any provision of this Agreement, including but not limited to the covenants contained in Paragraph 8 of this Agreement.

 

15. Governing
Law. This Agreement is deemed to have been entered into in the Cayman Islands and shall be construed and interpreted at all
times and in all respects in accordance with the laws of the Cayman Islands without regard to the principles of conflicts of laws,
and jurisdiction and venue for any action relating in any manner to this Agreement shall be in a court of competent jurisdiction
located in or having jurisdiction over Cayman Islands.

 

16. Attorneys’
Fees. In the event there is any litigation to enforce this Agreement, the prevailing party will be awarded its/his costs, expenses,
and reasonable attorneys’ fees.

 

17. Severability.
In the event that any provision of this Agreement shall be determined by a court or tribunal having proper jurisdiction to be invalid,
or illegal, or unenforceable, the remainder of this Agreement shall not be affected but shall continue in full force and effect
as though such invalid, illegal or unenforceable provision were not originally part of this Agreement.

 

18. Amendment.
This Agreement may not be amended or modified except by an agreement in writing signed by all the parties hereto.

 

19. Construction
of Agreement. Each party to this Agreement agrees and acknowledges that no presumption, inference, or conclusion of any kind
shall be made or drawn against the drafter or drafter(s) of this Agreement. Each party to this Agreement also agrees and acknowledges
that he/it has contributed to the final version of this Agreement through comments and negotiations.

 

20. Headings.
The headings used in this Agreement are for convenience only and shall not be used to construe or interpret the meaning or intent
of any provision.

 

21. Entire
Agreement. This Agreement represents and contains the entire agreement and understanding between the parties with respect to
the terms and conditions of this Agreement and supersedes any and all prior and contemporaneous written and oral agreements, understandings,
representations, inducements, promises, warranties, and conditions between the parties with respect to the terms and conditions
of this Agreement. No agreement, understanding, representation, inducement, promise, warranty or condition of any kind with respect
to the terms and conditions of this Agreement shall be relied upon by either party unless expressly incorporated herein.

 

22. Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which
shall constitute one agreement that is binding upon both of the parties hereto, notwithstanding that both parties are not signatories
to the same counterpart.

 

[Signature page follows]

 

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IN WITNESS WHEREOF, the parties
have executed this Employment Agreement to be effective as of the date indicated above:

 

	 	FULING GLOBAL, INC.
	 	 
	_____________________________________	______________________________________
	PENG HU	By:    XINFU HU
	 	Its:    CHIEF EXECUTIVE OFFICER
	 	 
	Date: December [    ], 2019	Date: December [    ], 2019

 

 

 

11Exhibit 4.5

 

Translation
of Factory Lease Agreement 

 

Landlord
(Party A): Zhejiang Special Plastics Technology Co., Ltd.

 

Tenant
(Party B): Taizhou Fuling Plastics Co., Ltd.

 

According
to relevant regulations, Party and Party B agree upon the matters regarding leasing the factory legally owned by Party A to Party
B and sign this agreement as below.

 

	I.	Factory Situation

 

The
factory is located at 8 Shengpan Road, Guanweitong Village, Wenqiao Village. The leased construction floor is 5,120 square meters.

 

	II.	Lease period

 

	 	1.	Total lease period is
    2 years, from January 1, 2019 to December 31, 2020.

 

	 	2.	Upon the expiration of the lease, Party A has
    the right to collect the factory, and Party B shall return it timely. If Party B needs to continue renting it, it shall send
    a written request to Party A three months before the end of the lease, and resign a lease after Party A’s approval.

 

	III.	Rent and Way of Payment

 

	 	1.	The rent is RMB 8 per month per square meter.
    The annual rent is RMB 491,520 which shall be paid at the end of every year one time.

 

	IV.	Other fees

 

	 	1.	During the lease period, the fees of water,
    electricity, gas, telecommunication including phone incurred by using this factory shall be paid by Party B.

 

	V.	Usage Requirement and Repair Responsibility

 

	 	1.	During the lease period, if Party B discovers
    any damage or malfunction, it shall timely notify Party A for repair. Party A shall repair it within 3 days after receipt
    of Party B’s notice. If Party A does not repair it timely, Party B could repair on its behalf and the fee shall be paid
    by Party A.

 

	 	2.	During the lease period, Party B shall reasonably
    use and protect the factory and its fixtures. For any damage or malfunction due to unsuitable or unreasonable usage, Party
    B shall be responsible for the repair. If Party B refuses to repair, Party A could repair on its behalf and the fee shall
    be paid by Party B.

 

	 	3.	During the lease period, Party A shall ensure
    the factory and its fixtures to be in the normally usable and safe status. If Party A conducts check or maintenance of the
    factory, it shall notify Party B three days in advance. Party B shall cooperate at the time of the check and maintenance.
    Party A shall reduce the implication on the usage of the factory by Party B.

 

	 	4.	If Party B needs to decorate or add fixtures
    and equipment, it shall get written approval of Party A in advance. If this action needs to be approved by relevant governmental
    agencies according to relevant regulations, it can only conduct this action after Party A applies and obtains the approval
    from relevant governmental agency.

 

     

     

    

 

	VI.	Factory Sublease and Return

 

	 	1.	During the lease period, if Party B subleases
    the factory, it shall get written approval of Party A in advance. If it subleases or transfers the factory without authorization,
    Party A will not return the rent and deposit.

 

	 	2.	At the end of the lease period, when the factory
    is returned, it should be in the status that it could be normally used.

 

	VII.	Other Arrangements during the Lease Period

 

	 	1.	During the lease period, Party A and Party B
    shall both comply with national laws and regulations, and shall not use the factory to conduct illegal activities.

 

	 	2.	During the lease period, Party A has the right
    to monitor and assist Party B to accomplish matters about fire control, security and hygiene.

 

	 	3.	During the lease period, if this agreement can’t
    be performed due to force majeure or municipal renewal and relocation, both parties do not bear responsibilities.

 

	 	4.	During the lease period, Party B can decorate
    according to its own operating characteristics, but principally it shall not break the original building structure. Party
    B shall pay for the decoration fee by itself. At the end of lease period, if Party B does not renew the lease, Party A does
    not pay for any compensation.

 

	 	5.	When the lease period ends, if Party A continues
    to lease the factory, Party B has the priority to rent. If Party A does not lease the factory, Party B shall move out timely,
    otherwise it shall be responsible for all the damages and results occurred.

 

	VIII.	Other Provisions

 

	 	1.	During the lease period, if Party A breaches
    this agreement by terminating it in advance, it shall compensate Party B for the damage of three months’ rent. During
    the lease period, if Party B breaches this agreement by terminating it in advance, it shall compensate Party A for the damage
    of three months’ rent.

 

	 	2.	During the lease period, for any loss incurred
    to Party B’s normal operation by the property ownership issue, Party A shall be responsible for all damages.

 

	 	3.	After this agreement is signed, if any party’s
    enterprise name is changed, it could be confirmed by seal and signatures of both parties. The original terms of the agreement
    keep the same and shall be performed until the end of the agreement.

 

	 	4.	When the electric power supply bureau charges
    electricity fee from Party A, it will charge contribution fee based on the planned usage and the actual fee of electricity
    used. Therefore, Party A will charge Party B in the same way.

 

	IX.	Any matter not mentioned herein shall be agreed
    by both parties according to the law.

 

	X.	This agreement has four originals. Party A and
    Party B each have two copies. This agreement is effective after seal and signatures.

 

	Landlord: 	 /s/ Zhejiang Special Plastics Technology Co., Ltd.	 
	 	 
	December 28, 2018	 
	 	 
	Tenant:	 /s/ Taizhou Fuling Plastics Co., Ltd.	 
	 	 
	December 28, 2018

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