Document:

Exhibit 10.24

 

Advertising Sole Agency Agreement of Xinhua New
Media Culture Communication Co., Ltd 

 

Party
A: Xinhua New Media Culture Communication Co., Ltd

Address:
No. 57, West Street, Xuanwu Gate, Beijing

Tel: 010-88052874

 

Party
B: Moxian Technologies (Beijing) Co., Ltd

Contact:
Chen Lining

Address:
Building 2, Floor 9, 2-22, No. 8, North Street, Chaoyang Gate, Beijing

Tel:
010-53322589

 

According to the
friendly consultation and mutual benefit principle, in strict accordance with the requirements of classified ads, in order to promote
the development and long-term cooperation as the goal, and in accordance with the《Contract Law of the People's Republic
of China》, 《Advertising Law of the people's Republic of China》and the relevant laws and regulations, in the
case that Party A hereby authorizes Party B to be the agent of the client industry advertising and creative activities in China,
both Party A and Party B through consultation hereby agree upon, and shall be bound by, the following agreement:

 

I. Scope and Duration of Authorization

 

1. Party A hereby authorizes Party B to
be the sole agent for the advertising and creative activities in the client game industry of the Xinhua News Agency, and to become
the exclusive partner relationship. Party A shall issue a letter of authorization to Party B. Without Party A's written consent,
Party B shall not delegate to the third party.

 

2. Party B shall enjoy the rights of Party
A within the scope of authorization and cooperation, and undertake corresponding obligations, in strict accordance with the requirements
of relevant laws and regulations, administrative rules and national policies, and engage in advertising agency work of Party A.

 

3. The scope of authorization includes
the industry and its related enterprises, responsible for Xinhua News Agency client game channel operation (including game development,
on-line, and maintenance) as well as in the industry and advertisements operation and marketing in the related industries.

 

4. Party A regards Party B as the exclusive
agency of the industry, and effectively protects Party B's exclusive rights and interests. Party A should no longer sign the industry
advertising agency agreement with any third party.

 

5. The exclusive agent range authorized
by Party A does not include the advertising industry organized by local branch of Xinhua News Agency. Party A shall not use it
as an excuse to reduce advertising agency task.

 

6. The duration of authorization is in
line with the time of this Agreement.

 

II. Advertising Agency System and its Annual Income
Requirement 

 

1. Cooperation form: the cooperation between
Party A and Party B adopts advertising agency system.

 

2. Way to accomplish the annual revenue:
to implement through the form of advertising agency fees.

 

3. Duration of cooperation: the cooperation
period is five years, from December 31, 2015 to December 31, 2020.

 

The gross agency fees charged for the
first year is 6 million yuan, of which 3 million yuan is supposed to be paid before June 30th, 2016, and another 3 million
yuan before December 25th, 2016. For the following years, the annual agency fees are charged 10 million yuan, of which
3 million yuan is supposed to be paid before June 30th of that year, and another 7 million yuan before December 25th
2016; it is to be paid until the termination of the agreement.

 

     

     

    

 

III. Scope and Authority of Advertisement: 

 

1. According to Party A's authorization,
the scope of advertising released by Party B is the Xinhua News Agency Client and the channels of advertising.

 

2. Party B shall carry out advertising
agency in accordance with the provisions of Xinhua news agency client publication example’s price standard specified by Party
A. As Party As exclusive industry agent, Party B enjoys 50% discount of publication example’s price standard. (Party A’s
Xinhua News Agency Client publication example’s price standard can be attached as Annex I of the agreement.)

 

3. According to Party B's need for special
VIP customers, Party A can give more preferential discount price.

 

IV. Advertising Requirements: 

 

1. Party B shall, before signing a contract
with customers, in consultation with Party A about the implementation of advertising position, releasing time and other matters
in written form 7 days in advance and to make a confirmation of the advertising orders with Party A. The advertising agreement
sent by Party B or confirmed by Party A or the orders fax shall be an annex to this agreement, which has legal effect.

 

2. When advertising releasing plan is
confirmed, if due to reasons of Party B's customers who want to change the release plan, Party B shall give written notice to Party
A at least 7 days in advance and after the consent of Party A, Party B can modify the broadcasting schedule. Party A shall have
the right to change the broadcasting time and the advertisement position according to the advertisement releasing schedule.

 

3. Only if Party B pay the advertising
fee to Party A in its designated bank account in accordance with this agreement, Party A shall release advertisements according
to the agreement provided by Party B or advertising orders in Xinhua News Agency Client and in large creative activities.

 

4. Party B shall
ensure that the advertising contents raised by contracted customers is comply with the requirements of relevant laws and regulations.
Party B shall do a good job in the initial check of the advertising material with Party A.

 

V. Advertising Price Confirmation and Payment
Form 

 

1. Client advertising investment

 

(1) Advertising price: The advertisement
releasing price provided by Party B to the customers shall be in accordance to publication example’s price standard of the
Xinhua News Agency.

 

Party B confirms that the foreign advertising
price shall not be lower than the price of half off. Party B shall not disrupt the normal advertising market of Party A. Party
A shall have the right to change the advertisement price according to the market demand and operating conditions. If price adjustment
is needed, Party A shall send notice to Party B about the price changes a month prior to the change and provide new publication
example’s price standard (containing new price execution date). Party B should be carried out in accordance with the written
confirmation of the updated price list.

 

(2) Payment form

 

 During the validity of this agreement,
Party B shall ensure that the amount of a single advertisement contract shall not be less than RMB 500 thousand yuan in the advertising
revenue from the client side of the Xinhua News Agency. Party B shall issue to Party A the contract and invoice issued by Party
A on each advertisement contract, and keep a copy for the record.

 

2. Advertising for creative activities

 

(1) Creative activities advertising investment
prices: based on the Xinhua News Agency Client and advertising investment price of the creative activities, Party B implement according
to sponsored program of relevant creative activities agreed by both Parties. (Note: if an amount is adjusted by one party, one
shall notify the other party one month prior to the change of the amount and change the new price list, and Party B shall execute
in accordance with the updated price list.)

 

     

     

    

 

(2) Payment form

 

During the validity
of this agreement, advertising investment income in various creative activities held by Party A that Party B executes as an agent,
shall not be less than 1 million yuan for the amount of the sponsorship contract for individual creative activities. Party B shall
issue to Party A the contract signed by Party A and the invoice issued by Party A at each transaction, and keep a copy for the
record.

 

VI. Payment Form, Payment Information and Payment
Time 

 

Payment form: Telegraphic transfer

Bank account: The Industrial and Commercial Bank

Account name: Xinhua New Media Culture Communication
Co. Ltd.

Bank: Xuanwu Gate, Beijing sub-branch, ICBC

Account No.: 0200299809100010321

 

VII. Responsibilities and Obligations of Party
A 

 

1. Party A provides necessary support
to Party B who is regarded as Xinhua News Agency Client industry exclusive advertising agency and assists Party B to do the advertising
merchants and event planning. Special customers can give special preferential, which can help Party B to complete the task of annual
advertising agency successfully.

 

2. Party A is responsible for final examination
of Party B’s advertising content and check for the information about politics, facts and technology. Party A has the right
to review the advertising contents and the form. Party A has the right to request Party B to make changes to the advertising contents
and form of expression which do not conform to laws and regulations. Party A has the right to refuse to release before Party B
makes amendment. The Advertisement Law stipulates that Party B must provide the relevant documents to Party A which provides proof
to the advertisement publisher. Party A shall have the right to refuse to broadcast or modify the advertisement which does not
meet the requirements of Party A.

 

3. Review of Party A for advertisement
contents and form of Party B does not diminish Party B’s responsibility to bear the advertising the legitimacy and compliance,
such as any loss suffered of Party A due to illegal advertising content or form provided by Party B or interests infringement of
a third party (including but not limited to compensation, the administrative punishment), Party B shall compensate Party A for
all the losses.

 

4. Party A shall arrange advertisement
releasing materials in accordance with the advertisement order or creative activity agreement confirmed by both parties. Advertising
content material which does not conform to the laws, regulations and national advertising review standards or brings adverse effects,
Party A has the right to request Party B to modify or not to publish; the resulting costs shall be borne by Party B.

 

5. Party A shall, in accordance with the
law, meet the requirements of Party B as far as possible. Party A shall issue advertisements according to Party B's requirements,
according to the time and place, in accordance with the law, to meet the legitimate needs of Party B as far as possible, and provides
help for both sides to cultivate brand advertisers.

 

6. Party A shall guarantee the quality
of Party B's advertisement release. Party A shall make full use of its own technical advantages for Party B's customers to achieve
newer, more advanced technical services, and provide relevant network production, technical support and network data.

 

7. Party B shall be entrusted to Party
A with the advertisement issued by Party A. If Party B has no special requirements, Party A shall compensate Party B for the re-release
of the advertisement. If Party B has special requirements for the wrong way of compensation, it shall be settled through negotiation
between Party A and Party B. Advertisement monitoring is based on the screenshots on the same day the advertisements release by
both parties for confirmation.

 

8. In order to facilitate Party B to better
conduct advertising to promote advertising sales and game channel operators, Party A agrees Party B to reproduce and use news in
Xinhua News Agency Client.

 

9. During the execution of the agreement,
Party A shall provide written instructions to Party B in advance for the release of the position adjustment or other non-resistance
events, and it shall be negotiated and settled by Party A and Party B.

 

     

     

    

 

VIII. Responsibilities and Obligations of Party
B 

 

1. As the game industry advertising sole
agent of Party A, Party B should try to finish annual advertising revenue agent tasks, and to do research and development and trial
operation as soon as possible. It shall be used as soon as possible into the Xinhua News Agency Client overall operating system
if the trial operation works stably.

 

2. Party B is entitled to the relevant
treatment as Party A is the game industry advertising exclusive agent, such as while getting 50% discount of advertisement publication
example’s price standard, special customers can enjoy more preferential discount prices.

 

3. Party B may, at any time according
to the needs ask supports from Party A in advertising and activities planning.

 

4. Party B shall provide the business
license and tax registration certificate issued by the client's national laws and regulations, and cooperate with Party A to do
the relevant verification work.

 

5. Industry advertisements made by Party
B as an agent can be released at the end of the total end of the Xinhua News Agency Client. But the need to enter the total end
of the ad scheduling can be preferred in this channel release.

 

6. Party B shall ensure that the contents
of the advertisements and related games which are examined are not included or linked to the following categories:

 

		1	Contents may be identified as libel, pornography, obscene or other prohibited by law;

2Any infringement of the intellectual
property rights (including copyrights, patents, trademarks, trade secrets) or other relevant rights of the third party;

		3	Contents violating any third party's public image or privacy;

		4	Contents other laws are prohibited to be published.

 

7. Party B is responsible for providing
customer advertising materials, and in strict accordance with the "Advertising Law" and other legal norms, to ensure
that the issue of advertising in line with relevant laws and regulations and the requirements of the national advertising review
standards. If advertisements released by Party A who is entrust by Party B has been accused of illegal or infringement, it shall
be paid by Party B who is responsible for coordinate and solve, and take all responsibility for the resulting, for economic compensation
to third parties, and it has nothing to do with Party A.

 

8. Party B shall, seven (7) days in
advance of the advertisement release time agreed with the customer, send the advertisement order and the advertisement release
material to the Party A, which can be used for audit and arrange the delivery. In accordance with the requirements of Party A's
creative activities, the relevant cooperation agreement is signed, the request of the performance of the agreement and the advertising
materials of the relevant customers are provided. If Party B is not in conformity with the advertisement delivery requirements
of Party A, Party B shall, in accordance with the requirements of Party A, make changes or adjustments. If Party B causes delay
in advertising, the advertising delivery period shall not be extended, resulting in all the responsibilities borne by Party B.

 

9. Party B should coordinate with Party
A in the advertisement. Not by both parties agree, Party B's advertisers may not carry out any work which has nothing to do with
the advertising activities in the name of Party A or Party B, nor let any other business or personal name, logo, production product
names and symbols appear in both Party A and Party B of the media platform, creative activities site or creative activity materials.

 

10. In the period of validity of the agreement,
if Party B has the following acts in violation of the relevant provisions of the Xinhua News Agency, Party A has the right to unilaterally
terminate the agreement immediately.

 

1To carry out activities in the
name of Xinhua News Agency or the new media center of Xinhua News Agency and its subordinate units;

 

     

     

    

 

		2	To carry out the work in the name of Xinhua News Agency reporters or editors;

		3	To carry out illegal activities with business card printed "Xinhua News Agency Reporter Editing";

		4	To carry out the relevant activities without approval of the Xinhua News Agency's media center;

		5	To carry out relevant activities across the industry out of the scope and authority of the agency.

 

11. In addition to both parties jointly
held the business and creative activities, without authorization in written form by Party A, Party A's trademarks and logos shall
not be used. The offender shall be investigated for legal responsibility.

 

12. Party B shall pay the cost of cooperative
advertising in accordance with the terms of payment as stipulated in this agreement.

 

13. Party B shall bear all kinds of taxes
and fees incurred by the agency fee income.

 

VIIII. Liability for Breach of Contract and Dispute
Resolution 

 

1. Any party in violation of this agreement
the behavior of both default, the observant party is entitled to requirements be corrected. Within seven (7) days fails to make
a correction, the observant party is entitled to lift the agreement after receipt of the notification of the observant party, and
the defaulting party shall bear all the losses.

 

2. Party B is not in accordance with the
agreement of the time to party a payment cooperative advertising costs, the day for each overdue (1) day, Party B should pay the
unpaid expenses according to 0.1% Standard pay to Party A the overdue fine; overdue for more than 30 days, Party A shall have the
right to unilaterally terminate the contract, Party B shall compensate Party A for all the losses.

 

3. If Party B in the performance of an
agency business appear violates the contract (including not limited to signing with low price and conceal the signing of the agreement
amount etc. ", Party B should pay party A the advertising and sponsorship fees 2 times the penalty due to breach of contract.
Party A has the right to immediately stop Party B’s advertising sponsorship agency and the right to unilaterally terminate
the agreement. Fees Party A has received will not be returned.

 

4. If contents released by Party B do
not meet the requirements of any law, regulation, administrative rules and regulations, national policy, illegal or in violation
of Party A on the advertising agency requirements or provisions, Party A according to Article 9 Clause 1 issuing a corrective notice
within seven (7) days to correct, Party A has the right to immediately unilaterally terminate this agreement. Party B shall pay
compensation to Party A if it causes losses to Party A (including not limited to compensation, administrative penalty, Party A's
legal fees, etc.).

 

5. In case of force majeure event, neither
party shall bear the liability for breach of contract, but one party shall immediately notify the other party of the event of force
majeure, and take effective measures to prevent the losses from expanding. The two parties shall consult with the implementation
of this Agreement as soon as possible.

 

6. Due to the performance of this agreement,
the two parties shall be settled through friendly consultations. No one shall have the right to file a lawsuit against the people's
Court of West Town District, Beijing, where Party A is located.

 

X. Confidentiality Clause 

 

1. The parties shall ensure that the discussion,
signing and executing in this agreement belonging to each other and the opening channels to obtain the documents and information,
including commercial secrets, the company plans, operations, financial information, technical information, business information
and other business secrets are confidential. The other party shall not disclose to any third party the full or partial contents
of the trade secret without the consent of the original provider of the information and documents.

 

2. The parties shall not disclose the
content and performance of this agreement to any third party in any form. If it results any loss or damage to the other party,
the party who is in breach of the contract shall pay compensations to the other.

 

     

     

    

 

3. This confidentiality clause is valid for three
years after the termination of this agreement.

 

XI. Other Terms 

 

1. Parties hereto may revise or supplement
through negotiation matters not mentioned herein. Both parties shall sign a written supplementary agreement, as the annex to this
agreement.

 

2. This Agreement shall be in effect from
December 31st, 2015 to December 31st, 2020.

 

3. This Agreement shall enter into force
from the date of signature and seal by both parties, both parties shall abide by it and shall not breach of contract in any form.

 

4. This agreement shall be provided in
duplicate, with each party holding two copies and the four copies having the same legal validity.

 

(The following is intentionally left blank.)

 

	Party A: Xinhua New Media Culture Communication Co., Ltd.	Party B:
	 	 
	Commission representative (Signature):	Commission representative (Signature):
	 	 
	Seal (contract seal)	Seal (contract seal)
	 	 
	Date: Dec 31st, 2015	Date: Dec 31st, 2015Exhibit 10.25

 

THIS AGREEMENT is dated the 25 day
of July 2016 and made

 

BETWEEN: 

 

		(1)	Moxian (Hong Kong) Limited (the "Company"), of Room 1301, 13/F., Wing Tuk
                                                                                         Commercial Centre, 177-183 Wing Lok Street, Sheung Wan, Hong Kong; and

 

		(2)	Mr Tan Wan Hong, Passport No.A35166862 (the "Executive"),
of 6 Woodleigh Close #02-14, 8@ Woodleigh Singapore SN 357902.

 

THE PARTIES AGREE AS FOLLOWS: 

 

		1.	Interpretation 

 

		1.1.	In this Agreement, where the context admits:

 

The "Board"
means the board of directors of the Company or the directors present at a duly convened meeting of the Company's directors
at which a quorum is present and acting throughout.

 

"Confidential
Information" means any trade secrets or confidential information (which may include commercially sensitive information)
important to and relating to the business of the Company and/or any other Group Company or relating to any clients, employees,
consultants or officers of the Company and/or any other Group Company. Confidential information includes but is not limited to
confidential customer lists or requirements, pricing structures, marketing and sales information, business plans or dealings, non-public
financial information and plans, designs, formulae, product plans, research activities, and Intellectual Property; any documents
marked as confidential (or a similar expression); any information which the Executive has been told is of a confidential nature
or which might reasonably be expected by the Company and/or any other Group Company to be regarded as confidential; and/or any
information which has been given to the Company and/or any other Group Company in confidence.

 

"Commencement Date" means 25 July
2016, or such other mutually agreed date.

 

"Group
Company" means the Company, any subsidiary of the Company or any company in which the Company holds or controls more than
20% in the nominal value of the shares in issue carrying voting rights. "Subsidiary" shall have the meaning given to
it in the Companies Ordinance.

 

"Intellectual
Property" means all intellectual and industrial property and all rights therein including, without limiting the generality
of the foregoing, all inventions (whether patentable or not, and whether or not patent protection has been applied for or granted),
improvements, developments, discoveries, proprietary information, trademarks, trade names, websites, internet domain names, logos,
art work, slogans, know-how, technical information, trade secrets, processes, designs (whether or not registrable and whether or
not design rights subsist in them), utility models, works in which copyright may subsist (including computer software and preparatory
and design materials therefor), and all works protected by rights or forms of protection of a similar nature or having equivalent
effect anywhere in the world.

 

"Prospective
Client" means any person (other than a Restricted Client) who, at any time during the Executive's employment, or, where
the covenant applies after termination of employment, at any time during the six month period immediately prior to the date of
his termination of employment, was a person:

     

     

    

 

		(1)	from whom the Company and/or any other Group Company solicited
or has solicited business during the relevant period;

 

		(2)	to whom the Company and/or any other Group Company has
made a presentation during the relevant period; or

 

		(3)	for whom the Company and/or any other Group Company has
taken steps in preparing to solicit business during the relevant period,

 

and with whom during such relevant
period the Executive shall have had business dealings.

 

		1.2.	In this Agreement, where the context admits:

 

		(A)	references to any statute or statutory provisions include
a reference to those provisions as amended or re-enacted or as their application is modified by other provisions from time to
time and any reference to a statutory provision shall include any subordinate legislation made from time to time under that provision;

 

		(B)	references to a "person" include any individual,
company, body corporate, corporation sole or aggregate, government, state or agency of a state, firm, partnership, joint venture,
association, organisation or trust (in each case, whether or not having separate legal personality and irrespective of the jurisdiction
in or under the law of which it was incorporated or exists) and a reference to any of them shall include a reference to the others;

 

		(C)	any reference to “writing” shall include typewriting,
printing, lithography, photography, telex, facsimile, electronic mail and other modes of representing or reproducing words in
a legible form;

 

		(D)	words denoting the singular shall include the plural and
vice versa; and

 

		(E)	the masculine gender shall be deemed to include the feminine
gender.

 

		1.3.	Headings are inserted for convenience only and shall not
affect the construction of this Agreement.

 

		2.	Appointment, position and commencement of employment
                                         

 

		2.1.	The Company has appointed the Executive and the Executive
has agreed to serve the Company in the capacity of Chief Financial Officer.

 

		2.2.	The Executive's employment has taken effect from the Commencement
Date subject to the termination provisions in this Agreement.

 

		3.	Directorships 

 

		3.1.	The Executive may be reasonably required by the Board to
accept appointment as director or other officer of the Company in connection with his appointment under this Agreement from time
to time. In such event, the Executive shall reasonably accept such appointment. He shall also resign without claim for compensation
from such directorship or office at any time on request by the Company and such resignation shall not affect the continuance in
any way of this Agreement. The Executive shall immediately account to the Company for any director's fees or other emoluments,
remuneration or payments either receivable or received by him by virtue of his holding such directorship or office (or waive any
right to the same if so required by the Company).

 

    2 

     

    

 

		3.2.	Save with the prior agreement in writing of the Board,
the Executive shall not, during the continuance of this Agreement, resign from any directorship or office of the Company in which
he holds a directorship at the Company's request, or do anything that would cause him to be disqualified from continuing to act
as a director.

 

		3.3.	In the event of the termination of the employment of the
Executive for whatever reason and whether by notice or in any other manner whatsoever, the Executive shall, upon the request of
the Board resign without claim for compensation from any directorships or offices of the Company in which he holds a directorship
or office at the Board's request.

 

		3.4.	Should the Executive fail to resign from any directorship
or any other office when so requested by the Board, either during his employment or upon termination, the Company is irrevocably
authorised to appoint a person in his name and on his behalf to execute any documents and to do all things required to give effect
to the resignation.

 

		3.5.	The Company will seek to purchase suitable Directors &
Officer's liability insurance cover for the Executive, subject to any applicable legal requirements and compliance with any criteria
or conditions imposed by the relevant insurer.

 

		4.	Duties 

 

		4.1.	The Executive shall exercise such powers, perform such
duties and comply with such directions in relation to the business of the Company as the Board may, from time to time, confer
upon or assign or give to him.

 

		4.2.	The Executive shall during working hours devote his attention
and abilities to the business of the Company with which the Executive is required by the Boardto be concerned with and shall perform
all duties commensurate with his position at such times as may be required by the Company. He shall use his best endeavours to
promote and protect the general interests and welfare of the Company and such other Group Company.

 

		4.3.	The Executive shall at all times promptly give to the Board
(in writing if so requested) all such information, explanations and assistance as it may require in connection with the business
of the Company with which the Executive is required by the Board to be concerned with.

 

		5.	Place of work 

 

		5.1.	The Executive's principal place of work be at the Company'
China office.

 

		6.	Hours of work 

 

		6.1.	The Executive shall work normal business hours from 09:00am
to 06:30pm (Monday — Friday).

 

		6.2.	The Executive may also be required to work such additional
hours as may be necessary in the performance of his duties and powers under this Agreement. No overtime will be paid with respect
to any additional hours worked.

 

		7.	Remuneration 

 

		7.1.	The Executive's salary will be at the rate of RMB35,000.
Such salary shall be payable around the end of each month.

 

		7.2.	The Executive's salary shall be reviewed annually from
the Commencement Date.

 

    3 

     

    

 

		7.3.	A probation period of three (3) months will be effected
from the Commencement Date. During the period of probation, either party may terminate employment by giving one (1) week notice.

 

		7.4.	After the probation period, the Executive's salary shall
be adjusted to RMB40,000.

 

		8.	Benefits and Expenses 

 

		8.1.	The Company shall pay or refund or procure to be paid or
refunded to the Executive all reasonable travelling, entertainment and other similar out of pocket expenses necessarily and wholly
incurred by the Executive in the proper performance of his duties. The Executive is required to produce evidence of such expenses
as the Company may reasonably require.

 

		8.2.	The Executive is entitled to such transportation and medical
coverage arranged and paid for by the Company

 

		9.	Annual leave and holidays 

 

		9.1.	The Executive will be entitled to twenty (20) working days
annual leave per year exclusive of statutory and public holidays.

 

		9.2.	The leave year currently runs from 1 January to 31 December.
Subject to legal requirements, the Executive may carry over his annual leave days to the next leave year unless otherwise disapproved
by the Company. Annual leave which is accrued but unused will be paid out upon termination, subject to applicable legal requirements.

 

		9.3.	Annual leave pay for statutory leave will be calculated
in accordance with the Employment Ordinance, and leave pay for additional annual leave shall be calculated as the Company shall
determine from time to time. Payments in lieu of annual leave upon termination, if any, will also be calculated based on such
formulae. The Executive shall be deemed to have taken statutory annual leave before additional leave.

 

		9.4.	The Executive will be entitled to Saturday(half day) and
Sunday as weekly days off but only Sunday will be treated as a statutory rest day under the Employment Ordinance.

 

		10.	Sickness

 

		10.1.	The Executive is entitled to seven (7) days paid sick leave. The Company shall provide full
                                                                                      pay for each day of paid sick leave. Without prejudice to the Executive's appointment under this Agreement, the Company shall
                                                                                      be entitled during any period of the Executive's absence due to illness, injury or other incapacity to temporarily appoint
                                                                                      another employee to perform the duties and exercise the powers of the Executive in his place on such terms and conditions as
                                                                                      the Company shall see fit.

 

		11.	Conflict
                                         of interest

 

		11.1.	The Executive will disclose promptly to the Company in
writing all his interests in any business other than that of the Company and any other Group Company and will notify the Company
immediately of any change in his external interests.

 

		11.2.	During the term of his employment, the Executive will not
introduce to any other person, firm, company or organisation, business of any kind with which the Company and/or any other Group
Company is able to deal and he will not have any outside financial interest in, or derive any financial or other benefit from,
contracts or transactions entered into by the Company and/or any other Group Company without first disclosing such interest or
benefit to the Company and obtaining its written approval.

 

    4 

     

    

 

		12.	Confidentiality

 

		12.1.	As Confidential Information will from time to time become
known to the Executive, the Company considers and the Executive acknowledges, that the following restraints are necessary for
the reasonable protection by the Company of its business and/or the business of any other Group Company, the clients thereof or
their respective affairs.

 

		12.2.	The Executive shall not at any time, either during the
continuance or after the cessation of his employment with the Company use, disclose or communicate to any person whatsoever any
Confidential Information of which he has or may have become possessed during his employment with the Company or supply the contact
details of any client, customer, supplier, agent, employee, consultant, or officers of the Company or any other Group Company
to any person except in the proper course of his employment or as authorised in writing by the Company or as ordered by a court
of competent jurisdiction.

 

		12.3.	The Executive shall not at any time, either during the
continuance or after the cessation of his employment with the Company make, otherwise than for the benefit of the Company and/or
any other Group Company, any notes or memoranda relating to any matter within the scope of his duties or concerning any of the
dealings or affairs of the Company and/or any other Group Company.

 

		12.4.	The Executive shall not at any time, during the continuance
or within twelve (12) months after cessation of his employment with the Company make any statement (whether written or oral) to
any representative of television, radio, film, press or other similar media and shall not write any article for the press or otherwise
for publication on any matter connected with or relating to the business of the Company and/or any other Group Company without
first obtaining the written approval of the Company, except as required in the normal course of his employment by the Company.

 

		13.	Intellectual
                                         property

 

		13.1.	If at any time in the course of, or in connection with,
his employment under this Agreement the Executive makes or discovers or participates in the making or discovery of any Intellectual
Property directly or indirectly relating to or capable of being used in the business carried on by the Company and/or any other
Group Company, full details of the Intellectual Property shall immediately be disclosed in writing by him to the Company and the
Intellectual Property shall be the absolute property of the Company and/or the relevant Group Company.

 

		13.2.	At the request and expense of the Company, the Executive
shall give and supply all such information, data, drawings and assistance as may be necessary or in the opinion of the Company
desirable to enable the Company to exploit the Intellectual Property to the best advantage (as decided by the Company), and shall
execute all documents and do all things which may be necessary or in the opinion of the Company desirable for obtaining patent
or other protection for the Intellectual Property in such parts of the world as may be specified by the Company and for vesting
the same in the Company or as it may direct. The obligations set out in this clause shall survive the termination of the Executive's
employment for whatever reason (whether lawful or not).

 

		13.3.	The Executive agrees and undertakes that all Intellectual
Property made or discovered by him shall not infringe any rights of any third party (including but not limited to contractual
or intellectual property rights) or put the Company and/or any other Group Company into disrepute, and shall be original.

 

    5 

     

    

 

		14.	Restrictions

 

		14.1.	The Executive covenants with the Company (for itself and
on behalf of each other Group Company) as follows.

 

		(A)	Non-competition

 

The Executive
shall not during his employment or at any time during six (6) month period after the date of the termination of his employment,
except in the event of a wrongful termination by the Company, be engaged, concerned or interested, either directly or indirectly
in any capacity (including but not limited to as principal, agent, advisor, employee, consultant, or officer) in any trade or business
or occupation whatsoever in Singapore, Hong Kong & People's Republic of China which would or might reasonably be considered
to compete with the Restricted Business.

 

		(B)	Non-dealing with clients

 

The Executive
shall not during his employment or at any time during six (6) months period after the date of termination of his employment, except
in the event of a wrongful termination by the Company, either on his own account or in conjunction with or on behalf of any other
person, have business dealings directly or indirectly with any person who is a Restricted Client or Prospective Client provided
always that nothing contained in this clause shall be deemed to prohibit the seeking or doing of business not in direct or indirect
competition with the Restricted Business.

 

		(C)	Non-solicitation of clients

 

The Executive
shall not during his employment or at any time during six (6) months period after the date of termination of his employment, except
in the event of a wrongful termination by the Company, either on his own account or in conjunction with or on behalf of any other
person solicit or interfere with or attempt to solicit or interfere with the Company's and/or any other Group Company's relationship
with any Restricted Client or Prospective Client, provided always that nothing contained in this clause shall be deemed to prohibit
the seeking or doing of business not in direct or indirect competition with the Restricted Business.

 

		(D)	Non-solicitation of employees

 

The Executive
shall not during his employment or at any time during six (6) months period after the date of termination of his employment, except
in the event of a wrongful termination by the Company, either on his own account or in conjunction with or on behalf of any other
person, solicit or entice away or attempt to solicit or entice away (or assist any other person whether by means of the supply
of names or expressing views on suitability or otherwise howsoever to solicit or entice away) from the Company and/or any other
Group Company, any individual who is a management and/or senior employee or director or officer of the Company and/or any other
Group Company, whether or not any such person would commit a breach of contract by reason of his leaving service.

 

		14.2.	Each of the restrictions in this clause shall be construed
as a separate and independent restriction and if one or more of the restrictions is found to be void or unenforceable, such void
or unenforceable part shall be deemed deleted and the validity of the remaining restrictions shall not be affected.

 

    6 

     

    

 

		15.	Termination

 

		15.1.	The Executive's employment may be terminated by either
party giving at any time one (1) months' written notice or payment in lieu.

 

		15.2.	The Executive's employment may be terminated summarily
by the Company without notice or payment in lieu of notice in accordance with section 9 of the Employment Ordinance if, e.g.,
the Executive misconducts himself such conduct being inconsistent with the due and faithful discharge of his duties.

 

		15.3.	The Executive's employment may be terminated by the Company
giving at any time seven (7) days' notice or payment in lieu if the Executive:

 

		(A)	has a bankruptcy order made against him or if he makes
any arrangement or composition with his creditors with or for the benefit of his creditors generally;

 

		(B)	is convicted of any criminal offence other than an offence
which, in the reasonable opinion of the Company, does not affect his position as an employee of the Company (bearing in mind the
nature of the duties in which he is engaged and the capacity in which he is employed);

 

		(C)	by his actions or omissions, brings the name or reputation
of the Company and/or any other Group Company into serious disrepute or prejudices the interests of the business of the Company
and/or any other Group Company;

 

		(D)	is convicted of an offence under any present or future
statutory enactment or regulation relating to insider dealing;

 

		(E)	has any regulatory or other licence of approval, or employment
visa refused, suspended, revoked or not renewed which cannot be remedied within a reasonable period of time; or

 

		(F)	is or becomes prohibited by law from being a director.

 

Any delay by the Company in exercising
such right to termination shall not constitute a waiver thereof.

 

		15.4.	In the event of the termination of the employment of the
Executive for whatever reason and whether by notice or in any other manner whatsoever, the Executive agrees that he will not at
any time after such termination represent himself as still having any connection with the Company and/or any other Group Company
save as a former employee.

 

		15.5.	Before and after the termination of the Executive's employment
for whatever reason and whether by notice or in any other manner whatsoever, the Executive agrees to provide the Company and/or
any other Group Company with reasonable assistance regarding matters of which he has knowledge and/or experience and the Executive
agrees to assist in any proceedings or possible proceedings in which the Company and/or any other Group Company is or may become
a party.

 

		16.	Suspension
                                         and garden leave

 

		16.1.	The Executive agrees that the Company shall be entitled,
from time to time including in the event that notice of termination to terminate the Executive's employment has been given by
either party, to require the Executive to observe all or some of the following during such period(s) as specified by the Company
in its discretion:

 

		(A)	cease to render all or some of the Executive's duties;

 

    7 

     

    

 

		(B)	remain away from any premises of the Company and/or any
other Group Company or any premises named by the Company;

 

		(C)	resign with immediate effect from any offices he holds
with the Company and/or any other Group Company;and/or

 

		16.2.	For the avoidance of doubt, during any such period the
Company will not have any obligation to provide the Executive with work but salary and contractual benefits will continue to be
payable and he will remain bound by all of the express and implied obligations arising out of his employment with the Company,
including the obligations of good faith and fidelity. The Executive agrees that he will comply with any requests made by the Company
pursuant to this clause from time to time and perform such duties at such place and time as the Company may reasonably request.

 

		17.	Return
                                         of property on termination

 

		17.1.	In the event of the termination of the employment of the
Executive for whatever reason, the Executive immediately shall deliver up to the Company or its authorised representative any
property of the Company and/or any other Group Company which may be in his possession, custody or control, including without limitation
minutes, memoranda, correspondence, notes, records, reports, sketches, plans, credit cards, security cards/passes, Company-provided
mobile phone, discs, keys, software, address books, databases, proposals, electronic mail, files or other documents, whether or
not the property was originally supplied to him by the Company or any other Group Company. The Executive's obligations under this
clause include the return of all copies(whether in hard copy or electronic form), drafts, reproductions, notes, extracts or summaries
(however stored or made) of all documents and software.

 

		17.2.	If so requested, the Executive shall provide to the Company
a signed statement confirming that he has complied fully with this clause.

 

		18.	Governing law and jurisdiction

 

		18.1.	This Agreement and the Executive's employment shall be
governed by, and construed in accordance with, the laws of Hong Kong.

 

		18.2.	The Company and the Executive agree to submit to the non-exclusive
jurisdiction of the Hong Kong courts and labour tribunal in respect of any dispute arising under this Agreement and the Executive's
employment with the Company.

 

		19.	General

 

		19.1.	Employee handbook

 

The Executive
is required to comply with the provisions of any employee handbook implemented by the Company and as amended at the Company's discretion
from time to time. For the avoidance of doubt, the Executive shall be deemed to have read and understood the employee handbook
prior to signing this agreement and all of the provisions of the handbook shall form part of the terms of the Executive's terms
of employment (if any).

 

		19.2.	Equal opportunities

 

The Company
is an equal opportunities employer and the Executive is required to refrain from any discrimination, harassment or vilification
which is prohibited by local laws. The Executive is required to comply with any equal opportunities policy implemented by the Company
from time to time.

 

    8 

     

    

 

		19.3.	Data privacy

 

The Executive
consents to the Company and/or any other Group Company holding and processing the data it collects in relation to him in the course
of his employment, for the purposes of the Company's administration and management of its employees and its business and for compliance
with applicable procedures, laws and regulations and to the transfer, storage and processing of such data in and outside Hong Kong.
The Executive may request access to and correction of his personal data by contacting the Human Resources Department.

 

		19.4.	Inconsistency

 

In the
event of any conflict between the terms of this Agreement and any other document recording or purporting to record the terms of
the Executive's employment by the Company, the terms of this Agreement shall prevail.

 

		19.5.	Prior agreements

 

This Agreement
and any documents referred to constitute the entire agreement between the Company and the Executive. This Agreement shall be in
substitution for any subsisting agreement, service agreement or contract of employment (oral or otherwise) made between the Company
and the Executive or between any other Group Company and the Executive which shall be deemed to have been terminated by mutual
consent with effect from the Commencement Date. The Executive warrants and agrees that he is not entering into this Agreement in
reliance on any representation not expressly set out in this Agreement.

 

		19.6.	Severability

 

If any provision
of this Agreement or a clause hereof is determined to be illegal or unenforceable by any court of law or any competent governmental
or other authority, the remaining provisions within that clause and the remainder of this Agreement shall be severable and enforceable
in accordance with their terms, so long as this Agreement, without such terms or provisions, does not fail its essential purpose.
The parties shall negotiate in good faith to replace any such illegal or unenforceable provisions with suitable substitute provisions
which will maintain as far as possible the purposes and the effect of this Agreement.

 

		19.7.	Notices

 

Any notice
to be given under this Agreement shall be given in writing and may be sent, addressed in the case of the Company to its registered
office for the time being and in the case of the Executive to him at his last known place of residence or given personally, and
any notice given by post shall be deemed to have been served at the expiration of 48 hours after the same was posted.

 

	SIGNED by Tan Meng Dong	)	 
	for and on behalf of the Company	)	 
	and each other Group Company	)	 
	 	 	 
	SIGNED by the Executive TAN WAN HONG	)	 

 

    9

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