Document:

Exhibit 10.2

 

EMPLOYMENT AGREEMENT

 

This EMPLOYMENT AGREEMENT (the “Agreement”), is
entered into as of May 22, 2017 by and between Zhong Yang Financial Group Ltd., an exempted company incorporated under the laws of the
Cayman Islands with limited liability (the “Company”), and Tam Hoi Ling Jennifer, an individual (the “Executive”). The
term “Company” as used herein with respect to all obligations of the Executive hereunder shall be deemed to include the Company
and all of its subsidiaries (collectively, the “Group”). This employment agreement shall replace all previous employment
agreements signed with other subsidiaries.

 

RECITALS

 

The Company desires to employ the Executive and to assure itself of
the services of the Executive during the term of Employment (as defined below).

 

The Executive desires to be employed by the Company during the term
of Employment and upon the terms and conditions of this Agreement.

 

AGREEMENT

 

The parties hereto agree as follows:

 

1.
POSITION

 

The Executive hereby accepts a position of Chief Operation Officer of
the Company (the “Employment”).

 

2.
TERM

 

Subject to the terms and conditions of this Agreement, the initial
term of the Employment shall be one year, commencing on May 22, 2017 (the “Effective Date”), unless terminated earlier
pursuant to the terms of this Agreement. Upon expiration of the initial-year term, the Employment shall be automatically extended for
successive one-year term unless either party gives the other party hereto a three-month prior written notice (or, in lieu thereof of,
payment in accordance with the Employment Ordinance of Hong Kong, S.A.R. (hereinafter “Hong Kong”)) to terminate the Employment
prior to the expiration of such one-year term or unless terminated earlier pursuant to the terms of this Agreement.

 

3.
PROBATION

 

No probationary period.

 

     

     

    

 

4.
DUTIES AND RESPONSIBILITIES

 

		(a)	The Executive’s duties at the Company will include all
jobs assigned by the Company’s Board of Directors (the “Board”) and/or the Chief Executive Officer of the Company.

 

		(b)	The Executive shall devote all of his/her working time, attention
and skills to the performance of his/her duties at the Company and shall faithfully and diligently serve the Company in accordance
with this Agreement, the Memorandum and Articles of Association of the Company (the “Articles of Association”),
and the guidelines, policies and procedures of the Company approved from time to time by the Board.

 

		(c)	The Executive shall use his/her best efforts to perform his/her
duties hereunder. The Executive shall not, without prior consent of the Board, become an employee of any entity other than the Company
and any subsidiary or affiliate of the Company, and shall not be concerned or interested in any business or entity that directly or indirectly
competes with the Group (any such business or entity, a “Competitor”), provided that nothing in this clause shall
preclude the Executive from holding up to 50% of shares or other securities of any Competitor that is listed on any securities exchange
or recognized securities market anywhere, provided however, that the Executive shall notify the Company in writing prior
to his/her obtaining a proposed interest in such shares or securities in a timely manner and with such details and particulars as the
Company may reasonably require. The Company shall have the right to require the Executive to resign from any board or similar body
which he/she may then serve if the Board reasonably determines in writing that the Executive’s service on such board or body interferes
with the effective discharge of the Executive’s duties and responsibilities to the Company or that any business related to such
service is then in competition with any business of the Company or any of its subsidiaries or affiliates.

 

4.
NO BREACH OF CONTRACT

 

The Executive hereby represents to the Company that: (i) the execution
and delivery of this Agreement by the Executive and the performance by the Executive of the Executive’s duties hereunder shall not
constitute a breach of, or otherwise contravene, the terms of any other agreement or policy to which the Executive is a party or otherwise
bound, except for agreements that are required to be entered into by and between the Executive and any member of the Group pursuant to
applicable law of the jurisdiction where the Executive is based, if any; (ii) that the Executive has no information (including, without
limitation, confidential information and trade secrets) relating to any other person or entity which would prevent, or be violated by,
the Executive entering into this Agreement or carrying out his/her duties hereunder; (iii) that the Executive is not bound by any
confidentiality, trade secret or similar agreement (other than this) with any other person or entity except for other member(s) of
the Group, as the case may be.

 

5.
LOCATION

 

The Executive will be based in Hong Kong, unless both parties hereto
agree otherwise. The Executive acknowledges that he/she may be required to travel from time to time in the course of performing his/her
duties for the Company.

 

6.
COMPENSATION AND BENEFITS

 

		(a)	Compensation. The Executive’s cash compensation
(inclusive of the statutory welfare reserves that the Company is required to deduct from the Executive’s pay under applicable law)
shall be provided by the Company pursuant to Schedule A hereto or as specified in a separate agreement between the executive and
the company’s designated subsidiary or affiliated entity, subject to annual review and adjustment by the Company or the compensation
committee of the Board. The cash compensation may be paid by the Company, a subsidiary or affiliated entity or a combination thereof,
as designated by the Company from time to time.

 

		(b)	Equity Incentives. To the extent the Company adopts
and maintains a share incentive plan, the Executive will be eligible to participate in such plan pursuant to the terms thereof.

 

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		(c)	Benefits. The Executive is eligible for participation
in any standard employee benefit plan of the Company that currently exists or may be adopted by the Company in the future, including,
but not limited to, any retirement plan, life insurance plan, health insurance plan and travel/holiday plan.

 

		(d)	Annual Leave. Upon the Effective Date, the Executive
is entitled to 12 days per annum of paid leave, which shall accrue on a pro rata basis each year. After 2 years of employment, 1 day
of paid leave can be increased per annual up to a maximum of 18 days.

 

7.
TERMINATION OF THE AGREEMENT

 

		(a)	By the Company. The Company may terminate the Employment
for cause, at any time, without notice or remuneration, if the Executive (1) commits any serious or persistent breach or non-observance
of the terms and conditions of the employment; (2) is convicted of a criminal offence other than one which in the opinion of the
Board does not affect the executive’s position as an employee of the Company, bearing in mind the nature of your duties and the
capacity in which the executive is employed; (3) willfully disobeys a lawful and reasonable order; (4) misconducts himself/herself
and such conduct being inconsistent with the due and faithful discharge of the Executive’s material duties; (5) is guilty
of fraud or dishonesty; or (6) is habitually neglectful in Executive’s duties; (7) on any other ground on which the Company
would be entitled to terminate the contract without notice at common law. The Company may terminate the Employment without cause at any
time with a three-month prior written notice to the Executive or by payment of three months’ salary in lieu of notice.

 

		(b)	By the Executive. The Executive may terminate the
Employment at any time with a [three]-month prior written notice to the Company or by payment of three months’ salary in lieu of
notice. In addition, the Executive may resign prior to the expiration of the Agreement if such resignation or an alternative arrangement
with respect to the Employment is approved by the Board.

 

		(c)	Notice of Termination. Any termination of the Executive’s
employment under this Agreement shall be communicated by written notice of termination from the terminating party to the other party. The
notice of termination shall indicate the specific provision(s) of this Agreement relied upon in effecting the termination.

 

9. CONFIDENTIALITY AND NONDISCLOSURE

 

		(a)	Confidentiality and Non-disclosure. The Executive
hereby agrees at all times during the term of his/her employment and after termination, to hold in the strictest confidence, and not
to use, except for the benefit of the Group, or to disclose to any person, corporation or other entity without written consent of the
Company, any Confidential Information. The Executive understands that “Confidential Information” means any proprietary
or confidential information of the Group, its affiliates, their clients, customers or partners, and the Group’s licensors, including,
without limitation, technical data, trade secrets, research and development information, product plans, services, customer lists and
customers (including, but not limited to, customers of the Group on whom the Executive called or with whom the Executive became acquainted
during the term of his/her employment), supplier lists and suppliers, software, developments, inventions, processes, formulas, technology,
designs, drawings, engineering, hardware configuration information, personnel information, marketing, finances, information about the
suppliers, joint ventures, licensors, licensees, distributors and other persons with whom the Group does business, information regarding
the skills and compensation of other employees of the Group or other business information disclosed to the Executive by or obtained by
the Executive from the Group, its affiliates, or their clients, customers or partners either directly or indirectly in writing, orally
or by drawings or observation of parts or equipment, if specifically indicated to be confidential or reasonably expected to be confidential.
Notwithstanding the foregoing, Confidential Information shall not include information that is generally available and known to the public
through no fault of the Executive.

 

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		(b)	Company Property. The Executive understands that
all documents (including computer records, facsimile and e-mail) and materials created, received or transmitted in connection with his/her
work or using the facilities of the Group are property of the Group and subject to inspection by the Group, at any time. Upon termination
of the Executive’s employment with the Company (or at any other time when requested by the Company), the Executive will promptly
deliver to the Company all documents and materials of any nature pertaining to his/her work with the Company and will provide written
certification of his compliance with this Agreement. Under no circumstances will the Executive have, following his/her termination, in
his/her possession any property of the Group, or any documents or materials or copies thereof containing any Confidential Information.

 

		(c)	Former Employer Information. The Executive agrees
that he has not and will not, during the term of his/her employment, (i) improperly use or disclose any proprietary information
or trade secrets of any former employer or other person or entity with which the Executive has an agreement or duty to keep in confidence
information acquired by Executive, if any, or (ii) bring into the premises of the Group any document or confidential or proprietary
information belonging to such former employer, person or entity unless consented to in writing by such former employer, person or entity. The
Executive will indemnify the Group and hold it harmless from and against all claims, liabilities, damages and expenses, including reasonable
attorneys’ fees and costs of suit, arising out of or in connection with any violation of the foregoing.

 

		(d)	Third Party Information. The Executive recognizes
that the Group may have received, and in the future may receive, from third parties their confidential or proprietary information subject
to a duty on the Group’s part to maintain the confidentiality of such information and to use it only for certain limited purposes. The
Executive agrees that the Executive owns the Group and such third parties, during the Executive’s employment by the Company and
thereafter, a duty to hold all such confidential or proprietary information in the strictest confidence and not to disclose it to any
person or firm and to use it in a manner consistent with, and for the limited purposes permitted by, the Group’s agreement with
such third party.

 

		(e)	This Section 9 shall survive the termination of this Agreement
for any reason. In the event the Executive breaches this Section 9, the Company shall have right to seek remedies permissible
under applicable law.

 

10.
INVENTIONS

 

		(a)	Inventions Retained and Licensed. The Executive
has attached hereto, as Schedule B, a list describing all inventions, ideas, improvements, designs and discoveries, whether
or not patentable and whether or not reduced to practice, original works of authorship and trade secrets made or conceived by or belonging
to the Executive (whether made solely by the Executive or jointly with others) that (i) were developed by Executive prior to the
Executive’s employment by the Company (collectively, “Prior Inventions”), (ii) relate to the Group’s
actual or proposed business, products or research and development, and (iii) are not assigned to the Group hereunder; or, if no
such list is attached, the Executive represents that there are no such Prior Inventions. Except to the extent set forth in Schedule
B, the Executive hereby acknowledges and represents that, if in the course of his/her service for the Group, the Executive incorporates
into a Group product, process or machine a Prior Invention owned by the Executive or in which he/she has an interest, (a) the Group
is hereby granted and shall have a nonexclusive, royalty-free, irrevocable, perpetual, worldwide right and license (which may be freely
transferred by the Group to any other person or entity) to make, have made, modify, use, sell, sublicense and otherwise distribute such
Prior Invention as part of or in connection with such product, process or machine, and (b) he/she has all necessary rights, powers
and authorization to use such Prior Invention in the manner it is used and such use will not infringe any right of any company, entity
or person. The Executive hereby agrees to indemnify the Group and hold it harmless from all claims, liabilities, damages and expenses,
including reasonable legal fees and costs for resolving disputes arising out of or in connection with any violation or claimed violation
of a third party’s rights resulting from any use, sub-licensing, modification, transfer or sale by the Group of such Prior Invention.

 

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		(b)	Disclosure and Assignment of Inventions. The Executive
understands that the Company engages in research and development and other activities in connection with its business and that, as an
essential part of the Employment, the Executive is expected to make new contributions to and create inventions of value for the Company.
 From and after the Effective Date, the Executive shall make full written disclosure in confidence to the Company all inventions,
improvements, designs, original works of authorship, formulas, processes, compositions of matter, computer software programs, databases,
mask works, concepts and trade secrets, whether or not patentable or registrable under patent, copyright, circuit layout design or similar
laws in the Cayman Islands, the British Virgin Islands, Hong Kong, Singapore, People’s Republic of China or anywhere else in the
world, which the Executive may solely or jointly conceive or develop or reduce to practice, or cause to be conceived or developed or
reduced to practice, during the period of the Executive’s Employment at the Company (whether or not during business hours) that
are either related to the scope of his/her Employment at the Company or make use, in any manner, of the resources of the Group (collectively,
the “Inventions”). The Executive hereby acknowledges that the Company or the Group shall be the sole owner of
all rights, title and interest in the Inventions created hereunder. In the event the foregoing assignment of Inventions to the Company
or the Group is ineffective for any reason, each member of the Group is hereby granted and shall have a royalty-free, sub-licensable,
transferable, irrevocable, perpetual, worldwide license to make, have made, modify, use, and sell such Inventions as part of or in connection
with any product, process or machine. Such exclusive license shall continue in effect for the maximum term as may now or hereafter be
permissible under applicable law. Upon expiration, such license, without further consent or action on the Executive’s part, shall
automatically be renewed for the maximum term as is then permissible under applicable law, unless, within the six-month period prior
to such expiration, the Company and the Executive have agreed that such license will not be renewed. The Executive also hereby forever
waives and agrees never to assert any and all rights he may have in or with respect to any Inventions even after termination of his/her
employment with the Company. The Executive hereby further acknowledges that all Inventions created by him/her (solely or jointly with
others) are, to the extent permitted by applicable law, “works made for hire” or “inventions made for hire,”
as those terms are defined in the U.S. Copyright Act and the U.S. Patent Law, respectively, and all titles, rights and interests in or
to such Inventions are or shall be vested in the Company.

 

		(c)	Patent and Copyright Registration. The Executive
agrees to assist the Company or its designees in every proper way to obtain for the Company and enforce patents, copyrights, mask work
rights, trade secret rights, and other legal protection for the Inventions in any and all countries. The Executive will execute
any documents that the Company may reasonably request for use in obtaining or enforcing such patents, copyrights, mask work rights, trade
secrets and other legal protections. The Executive’s obligations under this paragraph will continue beyond the termination
of the Employment with the Company, provided that the Company will reasonably compensate the Executive after such termination for time
or expenses actually spent by the Executive at the Company’s request on such assistance. The Executive appoints the Company
and its duly authorized officers and agents as the Executive’s attorney-in-fact to execute documents on the Executive’s behalf
for this purpose.

 

		(d)	Remuneration. The Executive hereby agrees that the
remuneration received by the Executive pursuant to this Agreement with the Company includes any remuneration which the Executive may
be entitled to under applicable laws for any “works made for hire,” “inventions made for hire” or other Inventions
assigned to the Company pursuant to this Agreement.

 

		(e)	Return of Confidential Material. In the event of
the Executive’s termination of employment with the Company for any reason whatsoever, Executive agrees promptly to surrender and
deliver to the Company all records, materials, equipment, drawings, documents and data of any nature pertaining to any confidential information
or to his/her employment, and Executive will not retain or take with him/her any tangible materials or electronically-stored data, containing
or pertaining to any confidential information that Executive may produce, acquire or obtain access to during the course of his/her employment.

 

		(f)	Survival. This Section 10 shall survive the termination
of this Agreement for any reason. In the event the Executive breaches this Section 10, the Company shall have right to seek
remedies permissible under applicable law.

 

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11.
CONFLICTING EMPLOYMENT

 

The Executive hereby agrees that, during the term of his/her employment
with the Company, he/she will not engage in any other employment, occupation, consulting or other business activity related to the business
in which the Group is now involved or becomes involved during the term of the Executive’s employment, nor will the Executive engage
in any other activities that conflict with his/her obligations to the Company without the prior written consent of the Company.

 

12.
NON-COMPETITION AND NON-SOLICITATION

 

In consideration of the salary paid to the Executive by the Company,
the Executive undertakes that for a period of one (1) year after he/she ceases to be employed by the Company, he/she will not, without
the prior written consent of the Company:

 

		(a)	in the territory of the Cayman Islands, the British Virgin Islands,
Hong Kong, Singapore, and People’s Republic of China (the “Territory”), either on his/her own account or through
any of his/her affiliates, or in conjunction with or on behalf of any other person, carry on or be engaged, concerned or interested directly
or indirectly whether as shareholder, director, employee, partner, agent or otherwise carry on any business in direct competition with
the business of the Group;

 

		(b)	either on his/her own account or through any of his/her affiliates
or in conjunction with or on behalf of any other person, solicit or entice away or attempt to solicit or entice away from the Group,
any person, firm, company or organization who is or shall at any time within two (2) years prior to such cessation have been a customer,
client, representative or agent of the Group or in the habit of dealing with the Group;

 

		(c)	either on his/her own account or through any of his/her affiliates
or in conjunction with or on behalf of any other person, employ, solicit or entice away or attempt to employ, solicit or entice away
from the Group any person who is or shall have been at the date of or within twelve (12) months prior to such cessation of employment
an officer, manager, consultant or employee of any such the Group whether or not such person would commit a breach of contract by reason
of leaving such employment; or

 

		(d)	either on his/her own account or through any of his/her affiliates
or in conjunction with or on behalf of any other person, in relation to any trade, business or company use a name including the words
of “Zhong Yang,” “Zhong Yang Financial,” “Zhong Yang Brokers,” “Zhong Yang Financial Group”
or any other words hereafter used by the Group in its name or in the name of any of its products, services or their derivative terms,
or the Chinese or English equivalent or any similar word in such a way as to be capable of or likely to be confused with the name of
the Group or the product or services or any other products or services of the Group, and shall use all reasonable endeavors to procure
that no such name shall be used by any of his/her affiliates or otherwise by any person with which he/she is connected.

 

		(e)	Each and every obligation under Section 12 shall be treated
as a separate obligation and shall be severally enforceable as such and in the event of any obligation or obligations being or becoming
unenforceable in whole or in part, such part or parts which are unenforceable shall be deleted from such section and any such deletion
shall not affect the enforceability of the remainder parts of such section.

 

		(f)	The Executive agrees that in light of the circumstances, the
restrictive covenants contained in Section 12 are reasonable and necessary for the protection of the Group, and further agrees that
the said covenants are not excessive or unduly onerous upon the Executive. However, it is recognized that restrictions of the nature
in question may fail for technical reasons currently unforeseen and accordingly it is hereby agreed and declared that if any of such
restrictions shall be adjudged to be void as going beyond what is reasonable, in light of the circumstances, for the protection of the
Group, but would be valid if part of the wording thereof were deleted or the periods thereof reduced or the range of activities or area
dealt with thereby reduced in scope, the said restriction shall apply with such modification as may be necessary to make it valid and
effective.

 

		(g)	This Section 12 shall survive the termination of this Agreement
for any reason. In the event the Executive breaches this Section 12, the Executive acknowledges that there will be no adequate
remedy at law, and the Company shall be entitled to injunctive relief and/or a decree for specific performance, and such other relief
as may be proper (including monetary damages if appropriate). In any event, the Company shall have right to seek all remedies permissible
under applicable law.

 

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13.
WITHHOLDING TAXES

 

Notwithstanding anything else herein to the contrary, the Company may
withhold (or cause there to be withheld, as the case may be) from any amounts otherwise due or payable under or pursuant to this Agreement
such national, provincial, local or any other income, employment, or other taxes as may be required to be withheld pursuant to any applicable
law or regulation.

 

14.
NOTIFICATION OF NEW EMPLOYER

 

In the event that the Executive leaves the employment of the Company,
the Executive hereby grants consent to notification by the Company to his/her new employer about his/her rights and obligations under
this Agreement.

 

15.
ASSIGNMENT

 

This Agreement is personal in its nature and neither of the parties
hereto shall, without the consent of the other, assign or transfer this Agreement or any rights or obligations hereunder; provided,
however, that (i) the Company may assign or transfer this Agreement or any rights or obligations hereunder to any member of the
Group without such consent, and (ii) in the event of a merger, consolidation, or transfer or sale of all or substantially all of
the assets of the Company with or to any other individual(s) or entity, this Agreement shall, subject to the provisions hereof, be
binding upon and inure to the benefit of such successor and such successor shall discharge and perform all the promises, covenants, duties,
and obligations of the Company hereunder.

 

16.
SEVERABILITY

 

If any provision of this Agreement or the application thereof is held
invalid, the invalidity shall not affect other provisions or applications of this Agreement which can be given effect without the invalid
provisions or applications and to this end the provisions of this Agreement are declared to be severable.

 

17.
ENTIRE AGREEMENT

 

This Agreement constitutes the entire agreement and understanding between
the Executive and the Company regarding the terms of the Employment and supersedes all prior or contemporaneous oral or written agreements
concerning such subject matter, other than any such agreement under any employment agreement entered into with a subsidiary of the Company
at the request of the Company to the extent such agreement does not conflict with any of the provisions herein. The Executive acknowledges
that he/she has not entered into this Agreement in reliance upon any representation, warranty or undertaking which is not set forth
in this Agreement. Any amendment to this Agreement must be in writing and signed by the Executive and the Company.

 

18.
REPRESENTATIONS

 

The Executive hereby agrees to execute any proper oath or verify any
proper document required to carry out the terms of this Agreement. The Executive hereby represents that the Executive’s performance
of all the terms of this Agreement will not breach any agreement to keep in confidence proprietary information acquired by the Executive
in confidence or in trust prior to his/her employment by the Company. The Executive has not entered into, and hereby agrees that he/she
will not enter into, any oral or written agreement in conflict with this Section 18. The Executive represents that the Executive
will consult his/her own consultants for tax advice and is not relying on the Company for any tax advice with respect to this Agreement
or any provisions hereunder.

 

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19.
GOVERNING LAW AND DISPUTE RESOLUTION

 

This Agreement shall be governed by, construed and enforced in accordance
with the laws of Hong Kong without regard to the conflict of laws principles thereof. Any dispute, controversy, difference or claim arising
out of or relating to this Agreement, including the existence, validity, interpretation, performance, breach or termination hereof or
any dispute regarding non-contractual obligations arising out of or relating to it shall be referred to and finally resolved by arbitration
administered by the Hong Kong International Arbitration Centre (HKIAC) under the HKIAC Administered Arbitration Rules in force when the
Notice of Arbitration is submitted. The seat of arbitration shall be Hong Kong. The number of arbitrators shall be three and the arbitration
proceedings shall be conducted in Chinese (Mandarin).

 

20.
AMENDMENT

 

This Agreement may not be amended, modified or changed (in whole or
in part), except by a formal, definitive written agreement expressly referring to this Agreement, which agreement is executed by both
of the parties hereto.

 

21.
WAIVER

 

Neither the failure nor any delay on the part of a party to exercise
any right, remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise
of any right, remedy, power or privilege preclude any other or further exercise of the same or of any right, remedy, power or privilege,
nor shall any waiver of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy,
power or privilege with respect to any other occurrence. No waiver shall be effective unless it is in writing and is signed by the
party asserted to have granted such waiver.

 

22.
NOTICES

 

All notices, requests, demands and other communications required or
permitted under this Agreement shall be in writing and shall be deemed to have been duly given and made if (i) delivered by hand,
(ii) otherwise delivered against receipt therefor, or (iii) sent by a recognized courier with next-day or second-day delivery
to the last known address of the other party.

 

23.
COUNTERPARTS

 

This Agreement may be executed in any number of counterparts, each
of which shall be deemed an original as against any party whose signature appears thereon, and all of which together shall constitute
one and the same instrument. This Agreement shall become binding when one or more counterparts hereof, individually or taken together,
shall bear the signatures of all of the parties reflected hereon as the signatories. Photographic copies of such signed counterparts
may be used in lieu of the originals for any purpose.

 

24.
NO INTERPRETATION AGAINST DRAFTER

 

Each party recognizes that this Agreement is a legally binding contract
and acknowledges that such party has had the opportunity to consult with legal counsel of choice. In any construction of the terms
of this Agreement, the same shall not be construed against either party on the basis of that party being the drafter of such terms. The
Executive agrees and acknowledges that he/she has read and understands this Agreement, is entering into it freely and voluntarily, and
has been advised to seek counsel prior to entering into this Agreement and has ample opportunity to do so.

 

[Remainder of this page has been intentionally left blank.]

  

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IN WITNESS WHEREOF, this Agreement has been executed as of the date
first written above.

 

	 Zhong Yang Financial Group Ltd	 
	 	 	 
	Signature: 	 /s/ Yang JunLi	 
	Name: Yang JunLi	 
	Title:   Chairman	 

 

	Executive	 
	 	 	 
	Signature: 	/s/ Tam Hoi Ling Jennifer	 
	Name:	Tam Hoi Ling Jennifer	 

 

[Signature Page to Employment Agreement]

 

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Schedule A

 

Cash Compensation

 

	 	 	Amount	 	Pay Period
	Salary	 	HK$480,000 annually	 	HK$40,000 to be paid monthly
	Guaranteed Bonus	 	Year-end double monthly salary annually	 	HK$40,000 to be paid annually

 

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Schedule B

 

List of Prior Inventions

 

	Title	 	Date	 	Identifying Number

 or Brief Description
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

    ✓    
  No inventions or improvements

            
Additional Sheets Attached

 

	Signature of	 
	Executive: 	
/s/ Tam Hoi Ling Jennifer	 
	 	 	 
	Print Name of

                  Executive:
	 
	Tam Hoi Ling Jennifer	 
	Date: May 22, 2017	 

 

 

11Exhibit 10.3

 

EMPLOYMENT AGREEMENT

 

This EMPLOYMENT AGREEMENT (the “Agreement”),
is entered into as of August 1, 2019 by and between Zhong Yang Financial Group Ltd., an exempted company incorporated under the laws of
the Cayman Islands with limited liability (the “Company”), and Yang JunLi, an individual (the “Executive”). The
term “Company” as used herein with respect to all obligations of the Executive hereunder shall be deemed to include the Company
and all of its subsidiaries (collectively, the “Group”). This employment agreement shall replace all previous employment
agreements signed with other subsidiaries.

 

RECITALS

 

The Company desires to employ the Executive and
to assure itself of the services of the Executive during the term of Employment (as defined below).

 

The Executive desires to be employed by the Company
during the term of Employment and upon the terms and conditions of this Agreement.

 

AGREEMENT

 

The parties hereto agree as follows:

 

	1.	POSITION

 

The Executive hereby accepts a position of Director of
the Company (the “Employment”).

 

	2.	TERM

 

Subject to the terms and conditions of this Agreement,
the initial term of the Employment shall be one year, commencing on August 1, 2019 (the “Effective Date”), unless terminated
earlier pursuant to the terms of this Agreement. Upon expiration of the initial-year term, the Employment shall be automatically extended
for successive one-year term unless either party gives the other party hereto a three-month prior written notice (or, in lieu thereof
of, payment in accordance with the Employment Ordinance of Hong Kong, S.A.R. (hereinafter “Hong Kong”)) to terminate the Employment
prior to the expiration of such one-year term or unless terminated earlier pursuant to the terms of this Agreement.

 

	3.	PROBATION

 

No probationary period.

 

	4.	DUTIES AND RESPONSIBILITIES

 

		(a)	The Executive’s duties at the Company will include all
jobs assigned by the Company’s Board of Directors (the “Board”) of the Company.

 

		(b)	The Executive shall devote all of his/her working time, attention
and skills to the performance of his/her duties at the Company and shall faithfully and diligently serve the Company in accordance
with this Agreement, the Memorandum and Articles of Association of the Company (the “Articles of Association”),
and the guidelines, policies and procedures of the Company approved from time to time by the Board.

 

		(c)	The Executive shall use his/her best efforts to perform his/her
duties hereunder. The Executive shall not, without prior consent of the Board, become an employee of any entity other than the Company
and any subsidiary or affiliate of the Company, and shall not be concerned or interested in any business or entity that directly or indirectly
competes with the Group (any such business or entity, a “Competitor”), provided that nothing in this clause shall
preclude the Executive from holding up to 50% of shares or other securities of any Competitor that is listed on any securities exchange
or recognized securities market anywhere, provided however, that the Executive shall notify the Company in writing prior
to his/her obtaining a proposed interest in such shares or securities in a timely manner and with such details and particulars as the
Company may reasonably require. The Company shall have the right to require the Executive to resign from any board or similar body
which he/she may then serve if the Board reasonably determines in writing that the Executive’s service on such board or body interferes
with the effective discharge of the Executive’s duties and responsibilities to the Company or that any business related to such
service is then in competition with any business of the Company or any of its subsidiaries or affiliates.

 

     

     

    

 

	4.	NO BREACH OF CONTRACT

 

The Executive hereby represents to the Company
that: (i) the execution and delivery of this Agreement by the Executive and the performance by the Executive of the Executive’s
duties hereunder shall not constitute a breach of, or otherwise contravene, the terms of any other agreement or policy to which the Executive
is a party or otherwise bound, except for agreements that are required to be entered into by and between the Executive and any member
of the Group pursuant to applicable law of the jurisdiction where the Executive is based, if any; (ii) that the Executive has no
information (including, without limitation, confidential information and trade secrets) relating to any other person or entity which would
prevent, or be violated by, the Executive entering into this Agreement or carrying out his/her duties hereunder; (iii) that the Executive
is not bound by any confidentiality, trade secret or similar agreement (other than this) with any other person or entity except for other
member(s) of the Group, as the case may be.

 

	5.	LOCATION

 

The Executive will be based in Hong Kong, unless
both parties hereto agree otherwise. The Executive acknowledges that he/she may be required to travel from time to time in the course
of performing his/her duties for the Company.

 

	6.	COMPENSATION AND BENEFITS

 

	(a)	
    Compensation. The Executive’s
    cash compensation (inclusive of the statutory welfare reserves that the Company is required to deduct from the Executive’s pay under
    applicable law) shall be provided by the Company pursuant to Schedule A hereto or as specified in a separate agreement between
    the executive and the company’s designated subsidiary or affiliated entity, subject to annual review and adjustment by the Company
    or the compensation committee of the Board. The cash compensation may be paid by the Company, a subsidiary or affiliated entity or a combination
    thereof, as designated by the Company from time to time.

     

	(b)	Equity Incentives. To the extent the Company adopts and maintains a share incentive plan, the Executive will be eligible to participate in such plan pursuant to the terms thereof.

 

	(c)	Benefits. The Executive is eligible for participation in any standard employee benefit plan of the Company that currently exists or may be adopted by the Company in the future, including, but not limited to, any retirement plan, life insurance plan, health insurance plan and travel/holiday plan.

 

	(d)	Annual Leave. Upon the Effective Date, the Executive is entitled to 12 days per annum of paid leave, which shall accrue on a pro rata basis each year. After 2 years of employment, 1 day of paid leave can be increased per year up to a maximum of 18 days.

 

	7.	TERMINATION OF THE AGREEMENT

 

	(a)	By the Company. The Company may terminate the Employment for cause, at any time, without notice or remuneration, if the Executive (1) commits any serious or persistent breach or non-observance of the terms and conditions of the employment; (2) is convicted of a criminal offence other than one which in the opinion of the Board does not affect the executive’s position as an employee of the Company, bearing in mind the nature of your duties and the capacity in which the executive is employed; (3) willfully disobeys a lawful and reasonable order; (4) misconducts himself/herself and such conduct being inconsistent with the due and faithful discharge of the Executive’s material duties; (5) is guilty of fraud or dishonesty; or (6) is habitually neglectful in Executive's duties; (7) on any other ground on which the Company would be entitled to terminate the contract without notice at common law. The Company may terminate the Employment without cause at any time with a three-month prior written notice to the Executive or by payment of three months’ salary in lieu of notice.

 

	(b)	By the Executive. The Executive may terminate the Employment at any time with a [three]-month prior written notice to the Company or by payment of three months’ salary in lieu of notice. In addition, the Executive may resign prior to the expiration of the Agreement if such resignation or an alternative arrangement with respect to the Employment is approved by the Board.

 

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	(c)	Notice of Termination. Any termination of the Executive’s employment under this Agreement shall be communicated by written notice of termination from the terminating party to the other party. The notice of termination shall indicate the specific provision(s) of this Agreement relied upon in effecting the termination.

 

	9.	CONFIDENTIALITY AND NONDISCLOSURE

 

	(a)	Confidentiality and Non-disclosure. The Executive hereby agrees at all times during the term of his/her employment and after termination, to hold in the strictest confidence, and not to use, except for the benefit of the Group, or to disclose to any person, corporation or other entity without written consent of the Company, any Confidential Information. The Executive understands that “Confidential Information” means any proprietary or confidential information of the Group, its affiliates, their clients, customers or partners, and the Group’s licensors, including, without limitation, technical data, trade secrets, research and development information, product plans, services, customer lists and customers (including, but not limited to, customers of the Group on whom the Executive called or with whom the Executive became acquainted during the term of his/her employment), supplier lists and suppliers, software, developments, inventions, processes, formulas, technology, designs, drawings, engineering, hardware configuration information, personnel information, marketing, finances, information about the suppliers, joint ventures, licensors, licensees, distributors and other persons with whom the Group does business, information regarding the skills and compensation of other employees of the Group or other business information disclosed to the Executive by or obtained by the Executive from the Group, its affiliates, or their clients, customers or partners either directly or indirectly in writing, orally or by drawings or observation of parts or equipment, if specifically indicated to be confidential or reasonably expected to be confidential. Notwithstanding the foregoing, Confidential Information shall not include information that is generally available and known to the public through no fault of the Executive.

 

	(b)	Company Property. The Executive understands that all documents (including computer records, facsimile and e-mail) and materials created, received or transmitted in connection with his/her work or using the facilities of the Group are property of the Group and subject to inspection by the Group, at any time. Upon termination of the Executive’s employment with the Company (or at any other time when requested by the Company), the Executive will promptly deliver to the Company all documents and materials of any nature pertaining to his/her work with the Company and will provide written certification of his compliance with this Agreement. Under no circumstances will the Executive have, following his/her termination, in his/her possession any property of the Group, or any documents or materials or copies thereof containing any Confidential Information.

 

	(c)	Former Employer Information. The Executive agrees that he has not and will not, during the term of his/her employment, (i) improperly use or disclose any proprietary information or trade secrets of any former employer or other person or entity with which the Executive has an agreement or duty to keep in confidence information acquired by Executive, if any, or (ii) bring into the premises of the Group any document or confidential or proprietary information belonging to such former employer, person or entity unless consented to in writing by such former employer, person or entity. The Executive will indemnify the Group and hold it harmless from and against all claims, liabilities, damages and expenses, including reasonable attorneys’ fees and costs of suit, arising out of or in connection with any violation of the foregoing.

 

	(d)	Third Party Information. The Executive recognizes that the Group may have received, and in the future may receive, from third parties their confidential or proprietary information subject to a duty on the Group’s part to maintain the confidentiality of such information and to use it only for certain limited purposes. The Executive agrees that the Executive owns the Group and such third parties, during the Executive’s employment by the Company and thereafter, a duty to hold all such confidential or proprietary information in the strictest confidence and not to disclose it to any person or firm and to use it in a manner consistent with, and for the limited purposes permitted by, the Group’s agreement with such third party.

 

	(e)	This Section 9 shall survive the termination of this Agreement for any reason. In the event the Executive breaches this Section 9, the Company shall have right to seek remedies permissible under applicable law.

 

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	10.	INVENTIONS

 

	(a)	Inventions Retained and Licensed. The Executive has attached hereto, as Schedule B, a list describing all inventions, ideas, improvements, designs and discoveries, whether or not patentable and whether or not reduced to practice, original works of authorship and trade secrets made or conceived by or belonging to the Executive (whether made solely by the Executive or jointly with others) that (i) were developed by Executive prior to the Executive’s employment by the Company (collectively, “Prior Inventions”), (ii) relate to the Group’s actual or proposed business, products or research and development, and (iii) are not assigned to the Group hereunder; or, if no such list is attached, the Executive represents that there are no such Prior Inventions. Except to the extent set forth in Schedule B, the Executive hereby acknowledges and represents that, if in the course of his/her service for the Group, the Executive incorporates into a Group product, process or machine a Prior Invention owned by the Executive or in which he/she has an interest, (a) the Group is hereby granted and shall have a nonexclusive, royalty-free, irrevocable, perpetual, worldwide right and license (which may be freely transferred by the Group to any other person or entity) to make, have made, modify, use, sell, sublicense and otherwise distribute such Prior Invention as part of or in connection with such product, process or machine, and (b) he/she has all necessary rights, powers and authorization to use such Prior Invention in the manner it is used and such use will not infringe any right of any company, entity or person. The Executive hereby agrees to indemnify the Group and hold it harmless from all claims, liabilities, damages and expenses, including reasonable legal fees and costs for resolving disputes arising out of or in connection with any violation or claimed violation of a third party’s rights resulting from any use, sub-licensing, modification, transfer or sale by the Group of such Prior Invention.

 

	(b)	Disclosure and Assignment of Inventions. The Executive understands that the Company engages in research and development and other activities in connection with its business and that, as an essential part of the Employment, the Executive is expected to make new contributions to and create inventions of value for the Company.  From and after the Effective Date, the Executive shall make full written disclosure in confidence to the Company all inventions, improvements, designs, original works of authorship, formulas, processes, compositions of matter, computer software programs, databases, mask works, concepts and trade secrets, whether or not patentable or registrable under patent, copyright, circuit layout design or similar laws in the Cayman Islands, the British Virgin Islands, Hong Kong, Singapore, People’s Republic of China or anywhere else in the world, which the Executive may solely or jointly conceive or develop or reduce to practice, or cause to be conceived or developed or reduced to practice, during the period of the Executive’s Employment at the Company (whether or not during business hours) that are either related to the scope of his/her Employment at the Company or make use, in any manner, of the resources of the Group (collectively, the “Inventions”). The Executive hereby acknowledges that the Company or the Group shall be the sole owner of all rights, title and interest in the Inventions created hereunder. In the event the foregoing assignment of Inventions to the Company or the Group is ineffective for any reason, each member of the Group is hereby granted and shall have a royalty-free, sub-licensable, transferable, irrevocable, perpetual, worldwide license to make, have made, modify, use, and sell such Inventions as part of or in connection with any product, process or machine. Such exclusive license shall continue in effect for the maximum term as may now or hereafter be permissible under applicable law. Upon expiration, such license, without further consent or action on the Executive’s part, shall automatically be renewed for the maximum term as is then permissible under applicable law, unless, within the six-month period prior to such expiration, the Company and the Executive have agreed that such license will not be renewed. The Executive also hereby forever waives and agrees never to assert any and all rights he may have in or with respect to any Inventions even after termination of his/her employment with the Company. The Executive hereby further acknowledges that all Inventions created by him/her (solely or jointly with others) are, to the extent permitted by applicable law, “works made for hire” or “inventions made for hire,” as those terms are defined in the U.S. Copyright Act and the U.S. Patent Law, respectively, and all titles, rights and interests in or to such Inventions are or shall be vested in the Company.

 

	(c)	Patent and Copyright Registration. The Executive agrees to assist the Company or its designees in every proper way to obtain for the Company and enforce patents, copyrights, mask work rights, trade secret rights, and other legal protection for the Inventions in any and all countries. The Executive will execute any documents that the Company may reasonably request for use in obtaining or enforcing such patents, copyrights, mask work rights, trade secrets and other legal protections. The Executive’s obligations under this paragraph will continue beyond the termination of the Employment with the Company, provided that the Company will reasonably compensate the Executive after such termination for time or expenses actually spent by the Executive at the Company’s request on such assistance. The Executive appoints the Company and its duly authorized officers and agents as the Executive’s attorney-in-fact to execute documents on the Executive’s behalf for this purpose.

 

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	(d)	Remuneration. The Executive hereby agrees that the remuneration received by the Executive pursuant to this Agreement with the Company includes any remuneration which the Executive may be entitled to under applicable laws for any “works made for hire,” “inventions made for hire” or other Inventions assigned to the Company pursuant to this Agreement.

 

	(e)	Return of Confidential Material. In the event of the Executive’s termination of employment with the Company for any reason whatsoever, Executive agrees promptly to surrender and deliver to the Company all records, materials, equipment, drawings, documents and data of any nature pertaining to any confidential information or to his/her employment, and Executive will not retain or take with him/her any tangible materials or electronically-stored data, containing or pertaining to any confidential information that Executive may produce, acquire or obtain access to during the course of his/her employment.

 

	(f)	Survival. This Section 10 shall survive the termination of this Agreement for any reason. In the event the Executive breaches this Section 10, the Company shall have right to seek remedies permissible under applicable law.

 

	11.	CONFLICTING EMPLOYMENT

 

The Executive hereby agrees that, during the term
of his/her employment with the Company, he/she will not engage in any other employment, occupation, consulting or other business activity
related to the business in which the Group is now involved or becomes involved during the term of the Executive’s employment, nor
will the Executive engage in any other activities that conflict with his/her obligations to the Company without the prior written consent
of the Company.

 

	12.	NON-COMPETITION AND NON-SOLICITATION

 

In consideration of the salary paid to the Executive
by the Company, the Executive undertakes that for a period of one (1) year after he/she ceases to be employed by the Company, he/she
will not, without the prior written consent of the Company:

 

	(a)	in the territory of the Cayman Islands, the British Virgin Islands, Hong Kong, Singapore, and People’s Republic of China (the “Territory”), either on his/her own account or through any of his/her affiliates, or in conjunction with or on behalf of any other person, carry on or be engaged, concerned or interested directly or indirectly whether as shareholder, director, employee, partner, agent or otherwise carry on any business in direct competition with the business of the Group;

 

	(b)	either on his/her own account or through any of his/her affiliates or in conjunction with or on behalf of any other person, solicit or entice away or attempt to solicit or entice away from the Group, any person, firm, company or organization who is or shall at any time within two (2) years prior to such cessation have been a customer, client, representative or agent of the Group or in the habit of dealing with the Group;

 

	(c)	either on his/her own account or through any of his/her affiliates or in conjunction with or on behalf of any other person, employ, solicit or entice away or attempt to employ, solicit or entice away from the Group any person who is or shall have been at the date of or within twelve (12) months prior to such cessation of employment an officer, manager, consultant or employee of any such the Group whether or not such person would commit a breach of contract by reason of leaving such employment; or

 

	(d)	either on his/her own account or through any of his/her affiliates or in conjunction with or on behalf of any other person, in relation to any trade, business or company use a name including the words of “Zhong Yang,” “Zhong Yang Financial,” “Zhong Yang Brokers,” “Zhong Yang Financial Group” or any other words hereafter used by the Group in its name or in the name of any of its products, services or their derivative terms, or the Chinese or English equivalent or any similar word in such a way as to be capable of or likely to be confused with the name of the Group or the product or services or any other products or services of the Group, and shall use all reasonable endeavors to procure that no such name shall be used by any of his/her affiliates or otherwise by any person with which he/she is connected.

 

	(e)	Each and every obligation under Section 12 shall be treated as a separate obligation and shall be severally enforceable as such and in the event of any obligation or obligations being or becoming unenforceable in whole or in part, such part or parts which are unenforceable shall be deleted from such section and any such deletion shall not affect the enforceability of the remainder parts of such section.

 

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	(f)	The Executive agrees that in light of the circumstances, the restrictive covenants contained in Section 12 are reasonable and necessary for the protection of the Group, and further agrees that the said covenants are not excessive or unduly onerous upon the Executive. However, it is recognized that restrictions of the nature in question may fail for technical reasons currently unforeseen and accordingly it is hereby agreed and declared that if any of such restrictions shall be adjudged to be void as going beyond what is reasonable, in light of the circumstances, for the protection of the Group, but would be valid if part of the wording thereof were deleted or the periods thereof reduced or the range of activities or area dealt with thereby reduced in scope, the said restriction shall apply with such modification as may be necessary to make it valid and effective.

 

	(g)	This Section 12 shall survive the termination of this Agreement for any reason. In the event the Executive breaches this Section 12, the Executive acknowledges that there will be no adequate remedy at law, and the Company shall be entitled to injunctive relief and/or a decree for specific performance, and such other relief as may be proper (including monetary damages if appropriate). In any event, the Company shall have right to seek all remedies permissible under applicable law.

 

	13.	WITHHOLDING TAXES

 

Notwithstanding anything else herein to the contrary,
the Company may withhold (or cause there to be withheld, as the case may be) from any amounts otherwise due or payable under or pursuant
to this Agreement such national, provincial, local or any other income, employment, or other taxes as may be required to be withheld pursuant
to any applicable law or regulation.

 

	14.	NOTIFICATION OF NEW EMPLOYER

 

In the event that the Executive leaves the employment
of the Company, the Executive hereby grants consent to notification by the Company to his/her new employer about his/her rights and obligations
under this Agreement.

 

	15.	ASSIGNMENT

 

This Agreement is personal in its nature and neither
of the parties hereto shall, without the consent of the other, assign or transfer this Agreement or any rights or obligations hereunder; provided,
however, that (i) the Company may assign or transfer this Agreement or any rights or obligations hereunder to any member of the
Group without such consent, and (ii) in the event of a merger, consolidation, or transfer or sale of all or substantially all of
the assets of the Company with or to any other individual(s) or entity, this Agreement shall, subject to the provisions hereof, be
binding upon and inure to the benefit of such successor and such successor shall discharge and perform all the promises, covenants, duties,
and obligations of the Company hereunder.

 

	16.	SEVERABILITY

 

If any provision of this Agreement or the application
thereof is held invalid, the invalidity shall not affect other provisions or applications of this Agreement which can be given effect
without the invalid provisions or applications and to this end the provisions of this Agreement are declared to be severable.

 

	17.	ENTIRE AGREEMENT

 

This Agreement constitutes the entire agreement
and understanding between the Executive and the Company regarding the terms of the Employment and supersedes all prior or contemporaneous
oral or written agreements concerning such subject matter, other than any such agreement under any employment agreement entered into with
a subsidiary of the Company at the request of the Company to the extent such agreement does not conflict with any of the provisions herein. The
Executive acknowledges that he/she has not entered into this Agreement in reliance upon any representation, warranty or undertaking
which is not set forth in this Agreement. Any amendment to this Agreement must be in writing and signed by the Executive and the
Company.

 

	18.	REPRESENTATIONS

 

The Executive hereby agrees to execute any proper
oath or verify any proper document required to carry out the terms of this Agreement. The Executive hereby represents that the Executive’s
performance of all the terms of this Agreement will not breach any agreement to keep in confidence proprietary information acquired by
the Executive in confidence or in trust prior to his/her employment by the Company. The Executive has not entered into, and hereby agrees
that he/she will not enter into, any oral or written agreement in conflict with this Section 18. The Executive represents that the
Executive will consult his/her own consultants for tax advice and is not relying on the Company for any tax advice with respect to this
Agreement or any provisions hereunder.

 

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	19.	GOVERNING LAW AND DISPUTE RESOLUTION

 

This Agreement shall be governed by, construed
and enforced in accordance with the laws of Hong Kong without regard to the conflict of laws principles thereof. Any dispute, controversy,
difference or claim arising out of or relating to this Agreement, including the existence, validity, interpretation, performance, breach
or termination hereof or any dispute regarding non-contractual obligations arising out of or relating to it shall be referred to and finally
resolved by arbitration administered by the Hong Kong International Arbitration Centre (HKIAC) under the HKIAC Administered Arbitration
Rules in force when the Notice of Arbitration is submitted. The seat of arbitration shall be Hong Kong. The number of arbitrators shall
be three and the arbitration proceedings shall be conducted in Chinese (Mandarin).

 

	20.	AMENDMENT

 

This Agreement may not be amended, modified or
changed (in whole or in part), except by a formal, definitive written agreement expressly referring to this Agreement, which agreement
is executed by both of the parties hereto.

 

	21.	WAIVER

 

Neither the failure nor any delay on the part
of a party to exercise any right, remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single
or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the same or of any right, remedy,
power or privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver
of such right, remedy, power or privilege with respect to any other occurrence. No waiver shall be effective unless it is in writing
and is signed by the party asserted to have granted such waiver.

 

	22.	NOTICES

 

All notices, requests, demands and other communications
required or permitted under this Agreement shall be in writing and shall be deemed to have been duly given and made if (i) delivered
by hand, (ii) otherwise delivered against receipt therefor, or (iii) sent by a recognized courier with next-day or second-day
delivery to the last known address of the other party.

 

	23.	COUNTERPARTS

 

This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original as against any party whose signature appears thereon, and all of which together
shall constitute one and the same instrument. This Agreement shall become binding when one or more counterparts hereof, individually or
taken together, shall bear the signatures of all of the parties reflected hereon as the signatories. Photographic copies of such
signed counterparts may be used in lieu of the originals for any purpose.

 

	24.	NO INTERPRETATION AGAINST DRAFTER

 

Each party recognizes that this Agreement is a
legally binding contract and acknowledges that such party has had the opportunity to consult with legal counsel of choice. In any
construction of the terms of this Agreement, the same shall not be construed against either party on the basis of that party being the
drafter of such terms. The Executive agrees and acknowledges that he/she has read and understands this Agreement, is entering into
it freely and voluntarily, and has been advised to seek counsel prior to entering into this Agreement and has ample opportunity to do
so.

 

[Remainder of this page has been intentionally
left blank.]

 

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IN WITNESS WHEREOF, this Agreement has been executed
as of the date first written above.

 

	Zhong Yang Financial Group Ltd	 
	 	 	 
	Signature: 	/s/ Yuen Ka Fai	 
	Name:	Yuen Ka Fai	 
	Title:	Chief Executive Officer	 

 

	Executive	 
	 	 	 
	Signature: 	/s/ Yang JunLi	 
	Name:	Yang JunLi	 

 

[Signature Page to Employment Agreement]

 

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Schedule A

 

Cash Compensation

 

	 	 	Amount	 	Pay Period
	Salary	 	HK$600,000 annually	 	HK$50,000 to be paid monthly
	Guaranteed Bonus	 	Year-end double monthly salary annually	 	HK$50,000 to be paid annually

 

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Schedule B

 

List of Prior Inventions

 

	Title	 	Date	 	Identifying Number

or Brief Description
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

    ✓    
 No inventions or improvements

            
Additional Sheets Attached

 

	Signature of	 
	Executive: 	/s/ Yang Junli	 
	 	 
	Print Name of	 
	Executive:	 
	Yang JunLi	 
	Date: August 1, 2019	 

 

 

 

10

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