Document:

Exhibit 10.20

 

EMPLOYMENT CONTRACT

 

BETWEEN:  AGM
Group Holdings Inc., a company legally incorporated under the laws of the People’s Republic of China, with its mailing address
at Room 2112, Dong Ta, Wang Zuo Zhong Xin, 1 Jinghua Street South, Chaoyang District, Beijing, China, acting and represented herein
by Mr. Zhentao Jiang, chairman of the board, declaring duly authorized, (hereinafter referred to “AGM”)

 

AND:   Mr. Guofu
Zhang, residing at Room 1527, No.6 Building, North Area, Beijing Xiangsu Community, Chaoyang District, Beijing, China.

 

AGM and Mr. Guofu Zhang hereinafter collectively
called “Parties”.

 

1. PREAMBLE

 

The preamble is an integral part of this
contract.

 

WHEREAS AGM requires the services of Mr.
Guofu Zhang as Chief Financial Officer (CFO);

 

WHEREAS Mr. Guofu Zhang agreed to provide
AGM his full-time services as CFO;

 

WHEREAS the parties wish to confirm their
agreement in writing;

 

WHEREAS the parties have the capacity and
quality of exercise all the rights necessary for the conclusion and implementation of the agreement found in this contract;

 

THEREFORE THE FOREGOING, THE PARTIES AGREE
AS FOLLOWS:

 

2. PURPOSE

 

2.1 Services

 

Mr. Guofu Zhang agrees to assume full-time
for AGM (minimum of forty (40) hours per week) the role of CFO during the entire duration of the contract;

 

2.2 Term

 

This contract is for an initial term of
24 months( From January 1, 2016 to January 1, 2018) renewable for an additional period of 24  months
unless either party terminates it in writing at least three (3) months before the expiration of the initial term;

 

     

     

    

 

3. CONSIDERATION

 

3.1 Service Awards

 

In consideration of the provision of services,
AGM to pay Mr. Guofu Zhang, as compensation;

 

The gross amount of US$ 72,000 annually
is calculated at the rate of twelve (12) equal monthly installments consecutively of US$6,000 each, less withholding taxes
applicable.

 

3.2 Expenditure incurred

 

AGM will reimburse Mr. Guofu Zhang all
reasonable expenses incurred in connection with this Agreement, upon presentation of appropriate documentation;

 

3.3 Terms and conditions of payment

 

3.3.1 The price payable by AGM to
Mr. Guofu Zhang is as follows:

 

3.3.2 The sum of US$6,000 shall be paid
on the 1th of each month from January 1th, 2016.

 

3.3.3 Expenses will be reimbursed on presentation
of an expense account on the 24th of each month.

 

4. SPECIAL PROVISIONS

 

4.1 Obligations of AGM

 

AGM agrees and undertakes to Mr. Guofu
Zhang as follows:

 

AGM to bring Mr. Guofu Zhang collaboration
and will provide information necessary to ensure the full and faithful discharge of services to be rendered;

 

4.2 Obligation to Mr. Guofu Zhang

 

Mr. Guofu Zhang agrees and undertakes to
AGM to the following:

 

The services must be made full time in
a professional manner, according to the rules generally accepted by industry.

 

    	 	2	 

     

    

 

4.3 Commitment to confidentiality and
nondisclosure

 

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

 

a) keep confidential and not disclose the
information;

 

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

 

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

 

4.4 Exclusivity of service provider

 

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

 

4.5 Responsibilities 

 

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

 

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

 

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

 

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

 

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

 

		4.5.5	Manage outside lending and equity relationships, as well as relations with investors and shareholders
within the investment community.

 

		4.5.6	Prepare and file federal, state, third-party, and
other financial reports to ensure compliance with GAAP, SEC, and IRS and other taxing entity requirements.

 

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

 

    	 	3	 

     

    

 

4.6 Relationship between the parties

 

Neither party may bind the other in any
way whatsoever to anyone, except in accordance with the provisions of this contract.

 

4.7 Representations and Warranties Mr.
Guofu Zhang

 

Mr. Guofu Zhang represents and warrants
to AGM that:

 

a) he has the capacity required to undertake
under this contract, such capacity was not limited by any commitment to another person;

 

b) he has the expertise and experience
required to execute and complete the its obligations under this contract;

 

c) he will make services efficient and
professional manner, according to the rules generally accepted by industry;

 

4.8 Termination of Contract

 

Either party may terminate this contract
at any time, upon presentation of a 60 days notice given to the other party. Amounts due and options purchases of shares
will be delivered when calculated on a pro-rata to the time elapsed since the last payment or the last delivery of stock options.

 

5. GENERAL PROVISIONS

 

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

 

5.1 Force Majeure

 

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

 

    	 	4	 

     

    

 

5.2 Severability

 

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

 

5.3 Notices

 

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

 

5.4 Titles

 

The headings used in this contract are
only for reference and convenience only. They do not affect the meaning or scope of the provisions they designate.

 

5.5 No Waiver

 

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

 

5.6 Rights cumulative and not alternative

 

All the rights mentioned in this Agreement
are cumulative and not alternative. The waiver of a right should not be construed as a waiver of any other right.

 

5.7 Totality and entire agreement

 

This contract represents the full and entire
agreement between the parties. No statement, representation, promise or condition not contained in this agreement can and should
be allowed to contradict, modify or affect in any manner whatsoever the terms thereof.

 

5.8 Contract Amendment

 

This contract may be amended only by a
writing signed by all parties.

 

5.9 Gender and Number

 

All words and terms used in this agreement
shall be interpreted as including the masculine and feminine and singular and plural as the context or meaning of this contract.

 

    	 	5	 

     

    

 

5.10 Assignable

 

Neither party may assign or otherwise transfer
to any third party or of his rights in this contract without the prior written permission of the other party to that effect.

 

5.11 Computation of time

 

In computing any period fixed by the contract:

 

a) the day that marks the starting point
is not counted, but the terminal is;

 

b) non-juridical days (Saturdays, Sundays
and holidays) are counted;

 

c) when the last day is not legal, the
deadline is extended to the next juridical day.

 

5.12 Currencies

 

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

 

5.13 Applicable Laws

 

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

 

5.14 Election of domicile

 

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

 

5.15 Copies

 

When initialed and signed by all parties,
each copy of this contract shall be deemed an original, but these examples do not reflect all one and the same agreement.

 

5.16 Scope of Contract

 

This contract binds the parties and their
successors, heirs and assigns, respectively.

 

5.17 Solidarity

 

If a party consists of two or more persons,
they are forced and severally liable to the other party.

 

    	 	6	 

     

    

 

5.18 Time is of Essence

 

If a party must fulfill an obligation under
this contract within a specified time, the passage of time will effectively be part of this notice.

 

6. EFFECTIVE DATE OF CONTRACT

 

This Agreement shall enter into force
January 1th, 2016.

 

SIGNED BY Two (2) copies,

 

IN THE CITY OF BEIJING, HUBEI PROVINCE, 

DATED: January 1th, 2016.

 

	AGM Group Holdings Inc.	 
	(seal) 	 
	 	 
	 	 
	Guofu Zhang	 
	 	 
	/s/ Guofu Zhang 	 

 

 

7Exhibit 10.21

 

EMPLOYMENT CONTRACT

 

BETWEEN:  AGM
Group Holdings Inc., a company legally incorporated under the laws of The British Virgin Islands, with its mailing address at Room
2112, Dong Ta, Wang Zuo Zhong Xin, 1 Jinghua Street South, Chaoyang District, Beijing, China, acting and represented herein by
Mr. Zhentao Jiang, chairman of the board, declaring duly authorized, (hereinafter referred to “AGM”)

 

AND:   Mr. Bin Liu,
residing at No.388,Yuhangtang Road, Xihu District, Hangzhou, Zhejiang Province, China.

 

AGM and Mr. Bin Liu hereinafter collectively
called “Parties”.

 

1. PREAMBLE

 

The preamble is an integral part of this
contract.

 

WHEREAS AGM requires the services of Mr.
Bin Liu as Chief Technology Officer (CTO);

 

WHEREAS Mr. Bin Liu agreed to provide AGM
his full-time services as CTO;

 

WHEREAS the parties wish to confirm their
agreement in writing;

 

WHEREAS the parties have the capacity and
quality of exercise all the rights necessary for the conclusion and implementation of the agreement found in this contract;

 

THEREFORE THE FOREGOING, THE PARTIES AGREE
AS FOLLOWS:

 

2. PURPOSE

 

2.1 Services

 

Mr. Bin Liu agrees to assume full-time
for AGM (minimum of forty (40) hours per week) the role of CTO during the entire duration of the contract;

 

2.2 Term

 

This contract is for an initial term of
24 months( From February 13, 2017 to February 13, 2019) renewable for an additional period of 24  months
unless either party terminates it in writing at least three (3) months before the expiration of the initial term;

 

    

     

    

 

3. CONSIDERATION

 

3.1 Service Awards

 

In consideration of the provision of services,
AGM to pay Mr. Bin Liu, as compensation;

 

The gross amount of US$ 96,000 annually
is calculated at the rate of twelve (12) equal monthly installments consecutively of US$8,000 each, less withholding taxes
applicable.

 

3.2 Expenditure incurred

 

AGM will reimburse Mr. Bin Liu all reasonable
expenses incurred in connection with this Agreement, upon presentation of appropriate documentation;

 

3.3 Terms and conditions of payment

 

3.3.1 The price payable by AGM to Mr.
Bin Liu is as follows:

 

3.3.2 The sum of US$8,000 shall be paid
on the 1th of each month from February 1th, 2017.

 

3.3.3 Expenses will be reimbursed on presentation
of an expense account on the 24th of each month.

 

4. SPECIAL PROVISIONS

 

4.1 Obligations of AGM

 

AGM agrees and undertakes to Mr. Bin Liu
as follows:

 

AGM to bring Mr. Bin Liu collaboration
and will provide information necessary to ensure the full and faithful discharge of services to be rendered;

 

4.2 Obligation to Mr. Bin Liu

 

Mr. Bin Liu agrees and undertakes to AGM
to the following:

 

The services must be made full time in
a professional manner, according to the rules generally accepted by industry.

 

    2

     

    

 

4.3 Commitment to confidentiality and
nondisclosure

 

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

 

a) keep confidential and not disclose the
information;

 

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

 

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

 

4.4 Exclusivity of service provider

 

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

 

4.5 Responsibilities 

 

	4.5.1	Develop relevant technical vision and strategy and hold the overall technical direction.

 

	4.5.2	Supervise the activities of technical research and development, and supervise the implementation of the short and long term technological
strategy.

 

	4.5.3 	Guide and control technical selection and specific technical issues, and complete the various technical tasks / projects.

 

		4.5.4	Organize new technology R&D and its application, ensure the newtechnology give customers
good experience, participate in intellectual property (IP) strategy development.

 

4.6 Relationship between the parties

 

Neither party may bind the other in any
way whatsoever to anyone, except in accordance with the provisions of this contract.

 

    3

     

    

 

4.7 Representations and Warranties Mr.
Bin Liu

 

Mr. Bin Liu represents and warrants to
AGM that:

 

a) he has the capacity required to undertake
under this contract, such capacity was not limited by any commitment to another person;

 

b) he has the expertise and experience
required to execute and complete the its obligations under this contract;

 

c) he will make services efficient and
professional manner, according to the rules generally accepted by industry;

 

4.8 Termination of Contract

 

Either party may terminate this contract
at any time, upon presentation of a 60 days notice given to the other party. Amounts due and options purchases of shares
will be delivered when calculated on a pro-rata to the time elapsed since the last payment or the last delivery of stock options.

 

5. GENERAL PROVISIONS

 

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

 

5.1 Force Majeure

 

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

 

5.2 Severability

 

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

 

5.3 Notices

 

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

 

    4

     

    

 

5.4 Titles

 

The headings used in this contract are
only for reference and convenience only. They do not affect the meaning or scope of the provisions they designate.

 

5.5 No Waiver

 

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

 

5.6 Rights cumulative and not alternative

 

All the rights mentioned in this Agreement
are cumulative and not alternative. The waiver of a right should not be construed as a waiver of any other right.

 

5.7 Totality and entire agreement

 

This contract represents the full and entire
agreement between the parties. No statement, representation, promise or condition not contained in this agreement can and should
be allowed to contradict, modify or affect in any manner whatsoever the terms thereof.

 

5.8 Contract Amendment

 

This contract may be amended only by a
writing signed by all parties.

 

5.9 Gender and Number

 

All words and terms used in this agreement
shall be interpreted as including the masculine and feminine and singular and plural as the context or meaning of this contract.

 

5.10 Assignable

 

Neither party may assign or otherwise transfer
to any third party or of his rights in this contract without the prior written permission of the other party to that effect.

 

5.11 Computation of time

 

In computing any period fixed by the contract:

 

a) the day that marks the starting point
is not counted, but the terminal is;

 

b) non-juridical days (Saturdays, Sundays
and holidays) are counted;

 

c) when the last day is not legal, the
deadline is extended to the next juridical day.

 

    5

     

    

 

5.12 Currencies

 

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

 

5.13 Applicable Laws

 

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

 

5.14 Election of domicile

 

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

 

5.15 Copies

 

When initialed and signed by all parties,
each copy of this contract shall be deemed an original, but these examples do not reflect all one and the same agreement.

 

5.16 Scope of Contract

 

This contract binds the parties and their
successors, heirs and assigns, respectively.

 

5.17 Solidarity

 

If a party consists of two or more persons,
they are forced and severally liable to the other party.

 

5.18 Time is of Essence

 

If a party must fulfill an obligation under
this contract within a specified time, the passage of time will effectively be part of this notice.

 

    6

     

    

 

6. EFFECTIVE DATE OF CONTRACT

 

This Agreement shall enter into force February
13, 2017.

 

SIGNED BY Two (2) copies,

 

IN THE CITY OF BEIJING, HUBEI PROVINCE, 

DATED: February 13, 2017.

 

AGM Group Holdings Inc.

(seal) 

 

 

 

Bin Liu

 

/s/ Bin Liu 

 

 

 

7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00275-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00275-of-00352.parquet"}]]