Document:

Exhibit
10.2

 

INDEPENDENT
DIRECTOR AGREEMENT

 

This
INDEPENDENT NON-EXECUTIVE DIRECTOR AGREEMENT is dated on July 1, 2021 (the “Agreement”) by and between SEATECH VENTURES CORP.,
a Nevada corporation (the “Company”), Louis Ramesh Ruben, an individual resident of Malaysia (the “Director”).

 

WHEREAS,
the Company desires to retain the Director for the duties of independent non-executive director effective as of the date hereof and member
of the audit committee effective as of July 1, 2021 (the “Effective Date”) and desires to enter into an agreement with the
Director with respect to such appointment; and

 

WHEREAS,
the Director is willing to accept such appointment and to serve the Company on the terms set forth herein and in accordance with the
provisions of this Agreement.

 

NOW,
THEREFORE, in consideration of the mutual covenants contained herein, the parties hereto agree as follows:

 

1.
Position. Subject to the terms and provisions of this Agreement, the Company shall cause the Director to be appointed, and the
Director hereby agrees to serve the Company in such position upon the terms and conditions hereinafter set forth, provided, however,
that the Director’s continued service on the Board of Directors of the Company (the “Board”) after the initial one-year
term on the Board shall be subjected to any necessary approval by the Company’s stockholders.

 

2.
Duties. During the Directorship Term (as defined herein), the Director make reasonable business efforts to attend all Board meetings
and quarterly pre-scheduled Board and Management conference calls, serve on appropriate subcommittees as reasonably requested and agreed
upon by the Board, make himself available to the Company at mutually convenient times and places, attend external meetings and presentations
when agreed on in advance, as appropriate and convenient, and perform such duties, services and responsibilities, and have the authority
commensurate to such position.

 

3.
Compensation. For all services to be rendered by the Director in any capacity hereunder, the Compensation Committee of the Board
of Directors of the Company would determine the compensation packages of the Directors from time to time. This shall remain in effect
until the earlier of the date of the next annual stockholders meeting and the earliest of the following to occur: (a) the death of the
Director; (b) the termination of the Director from his membership on the Board by the mutual agreement of the Company and the Director;
(c) the removal of the Director from the Board by the majority stockholders of the Company; and (d) the resignation by the Director from
the Board.

 

4.
Directorship Term. The “Directorship Term,” as used in this Agreement, shall mean the period commencing on the Effective
Date and terminating on the earlier of the date of the next annual stockholders meeting and the earliest of the following to occur: (a)
the death of the Director; (b) the termination of the Director from his membership on the Board by the mutual agreement of the Company
and the Director; (c) the removal of the Director from the Board by the majority stockholders of the Company; and (d) the resignation
by the Director from the Board.

 

5.
Director’s Representation and Acknowledgment. The Director represents to the Company that his execution and performance
of this Agreement shall not be in violation of any agreement or obligation (whether or not written) that he may have with or to any person
or entity, including without limitation, any prior or current employer. The Director hereby acknowledges and agrees that this Agreement
(and any other agreement or obligation referred to herein) shall be an obligation solely of the Company, and the Director shall have
no recourse whatsoever against any stockholder of the Company or any of their respective affiliates with regard to this Agreement.

 

    	 

     

    

 

6.
Director Covenants.

 

(a)
Unauthorized Disclosure. The Director agrees and understands that in the Director’s position with the Company, the Director
has been and will be exposed to and receive information relating to the confidential affairs of the Company, including, but not limited
to, technical information, business and marketing plans, strategies, customer information, other information concerning the Company’s
products, promotions, development, financing, expansion plans, business policies and practices, and other forms of information considered
by the Company to be confidential and in the nature of trade secrets. The Director agrees that during the Directorship Term and thereafter,
the Director will keep such information confidential and will not disclose such information, either directly or indirectly, to any third
person or entity without the prior written consent of the Company; provided, however, that (i) the Director shall have
no such obligation to the extent such information is or becomes publicly known or generally known in the Company’s industry other
than as a result of the Director’s breach of his obligations hereunder and (ii) the Director may, after giving prior notice to
the Company to the extent practicable under the circumstances, disclose such information to the extent required by applicable laws or
governmental regulations or judicial or regulatory process. This confidentiality covenant has no temporal, geographical or territorial
restriction. Upon termination of the Directorship Term, the Director will promptly return to the Company and/or destroy at the Company’s
direction all property, keys, notes, memoranda, writings, lists, files, reports, customer lists, correspondence, tapes, disks, cards,
surveys, maps, logs, machines, technical data, other product or document, and any summary or compilation of the foregoing, in whatever
form, including, without limitation, in electronic form, which has been produced by, received by or otherwise submitted to the Director
in the course or otherwise as a result of the Director’s position with the Company during or prior to the Directorship Term, provided
that the Company shall retain such materials and make them available to the Director if requested by him in connection with any litigation
against the Director under circumstances in which (i) the Director demonstrates to the reasonable satisfaction of the Company that the
materials are necessary to his defense in the litigation and (ii) the confidentiality of the materials is preserved to the reasonable
satisfaction of the Company.

 

(b)
Non-Solicitation. During the Directorship Term and for a period of three (3) years thereafter, the Director shall not interfere
with the Company’s relationship with, or endeavor to entice away from the Company, any person who, on the date of the termination
of the Directorship Term and/or at any time during the one year period prior to the termination of the Directorship Term, was an employee
or customer of the Company or otherwise had a material business relationship with the Company.

 

(c)
Non-Compete. The Director agrees that during the Directorship Term and for a period of three (3) years thereafter, he shall not
in any manner, directly or indirectly, through any person, firm or corporation, alone or as a member of a partnership or as an officer,
director, stockholder, investor or employee of or consultant to any other corporation or enterprise; engage in the business of developing,
marketing, selling or supporting technology to or for businesses in which the Company engages in or in which the Company has an actual
intention, as evidenced by the Company’s written business plans, to engage in, within any geographic area in which the Company
is then conducting such business. Nothing in this Section 6 shall prohibit the Director from being (i) a stockholder in a mutual fund
or a diversified investment company or (ii) a passive owner of not more than three percent of the outstanding stock of any class of securities
of a corporation, which are publicly traded, so long as the Director has no active participation in the business of such corporation.

 

(d)
Insider Trading Guidelines. Director agrees to execute the Company’s Insider Trading Guidelines in the form attached hereto.

 

(e)
Remedies. The Director agrees that any breach of the terms of this Section 6 would result in irreparable injury and damage to
the Company for which the Company would have no adequate remedy at law; the Director therefore also agrees that in the event of said
breach or any threat of breach, the Company shall be entitled to an immediate injunction and restraining order to prevent such breach
and/or threatened breach and/or continued breach by the Director and/or any and all entities acting for and/or with the Director, without
having to prove damages or paying a bond, in addition to any other remedies to which the Company may be entitled at law or in equity.
The terms of this paragraph shall not prevent the Company from pursuing any other available remedies for any breach or threatened breach
hereof, including, but not limited to, the recovery of damages from the Director. The Director acknowledges that the Company would not
have entered into this Agreement had the Director not agreed to the provisions of this Section 6.

 

    	 

     

    

 

(f)
The provisions of this Section 6 shall survive any termination of the Directorship Term, and the existence of any claim or cause of action
by the Director against the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement
by the Company of the covenants and agreements of this Section 6.

 

7.
Indemnification. The Company agrees to indemnify the Director for his activities as a member of the Board to the fullest extent
permitted under applicable law and shall use its best efforts to maintain Directors and Officers Insurance benefitting the Board.

 

8.
Non-Waiver of Rights. The failure to enforce at any time the provisions of this Agreement or to require at any time performance
by the other party hereto of any of the provisions hereof shall in no way be construed to be a waiver of such provisions or to affect
either the validity of this Agreement or any part hereof, or the right of either party hereto to enforce each and every provision in
accordance with its terms. No waiver by either party hereto of any breach by the other party hereto of any provision of this Agreement
to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions at that time or at any prior or subsequent
time.

 

9.
Notices. Every notice relating to this Agreement shall be in writing and shall be given by personal delivery or by registered
or certified mail, postage prepaid, return receipt requested; to:

 

If
to the Company:

 

SEATech
Ventures Corp.

Unit
305-306, 3/F., New East Ocean Centre,

9
Science Museum Road, Tsim Sha Tsui, Hong Kong.

Attn:
Chin Chee Seong

 

If
to the Director:

 

Louis
Ramesh Ruben

No.
14, Lorong Udang Pasir 3,

Taman
Megah Kepong,

52100
Kuala Lumpur

Malaysia

 

Either
of the parties hereto may change their address for purposes of notice hereunder by giving notice in writing to such other party pursuant
to this Section 9.

 

10.
Binding Effect/Assignment. This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective
heirs, executors, personal representatives, estates, successors (including, without limitation, by way of merger) and assigns. Notwithstanding
the provisions of the immediately preceding sentence, neither the Director nor the Company shall assign all or any portion of this Agreement
without the prior written consent of the other party.

 

11.
Entire Agreement. This Agreement (together with the other agreements referred to herein) sets forth the entire understanding of
the parties hereto with respect to the subject matter hereof and supersedes all prior agreements, written or oral, between them as to
such subject matter.

 

12.
Severability. If any provision of this Agreement, or any application thereof to any circumstances, is invalid, in whole or in
part, such provision or application shall to that extent be severable and shall not affect other provisions or applications of this Agreement.

 

    	 

     

    

 

13.
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada, without reference
to the principles of conflict of laws. All actions and proceedings arising out of or relating to this Agreement shall be heard and determined
in any court in Federal and the parties hereto hereby consent to the jurisdiction of such courts in any such action or proceeding; provided,
however, that neither party shall commence any such action or proceeding unless prior thereto the parties have in good faith attempted
to resolve the claim, dispute or cause of action which is the subject of such action or proceeding through mediation by an independent
third party.

 

14.
Legal Fees. The parties hereto agree that the non-prevailing party in any dispute, claim, action or proceeding between the parties
hereto arising out of or relating to the terms and conditions of this Agreement or any provision thereof (a “Dispute”), shall
reimburse the prevailing party for reasonable attorney’s fees and expenses incurred by the prevailing party in connection with
such Dispute; provided, however, that the Director shall only be required to reimburse the Company for its fees and expenses
incurred in connection with a Dispute if the Director’s position in such Dispute was found by the court, arbitrator or other person
or entity presiding over such Dispute to be frivolous or advanced not in good faith.

 

15.
Modifications. Neither this Agreement nor any provision hereof may be modified, altered, amended or waived except by an instrument
in writing duly signed by the party to be charged.

 

16.
Tense and Headings. Whenever any words used herein are in the singular form, they shall be construed as though they were also
used in the plural form in all cases where they would so apply. The headings contained herein are solely for the purposes of reference,
are not part of this Agreement and shall not in any way affect the meaning or interpretation of this Agreement.

 

17.
Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed to be an original but
all of which together shall constitute one and the same instrument.

 

[signature
page follows]

 

    	 

    	 

    

 

IN
WITNESS WHEREOF, the Company has caused this Director Agreement to be executed by authority of its Board of Directors, and the Director
has hereunto set his hand, on the day and year first above written.

 

	 	SEATECH VENTURES CORP.
	 	 	 
	 	By:
    	/s/
    CHIN CHEE SEONG
	 	 	Chin
    Chee Seong 
	 	 	Chief
    Executive Officer, President, and Director

 

	 	DIRECTOR
	 	 
	 	/s/
    LOUIS RAMESH RUBEN
	 	Louis
    Ramesh RubenExhibit
10.3

 

EMPLOYMENT
CONTRACT (“Contract”‘), between SEATECH VENTURES (HK) LIMITED, with an office address at Unit 305-306, 3/F.,
New East Ocean Centre, 9 Science Museum Road, Tsim Sha Tsui, HONG KONG (hereinafter referred as “SEATech or Company”), and
MR. TAN HOCK CHYE of Malaysia ID No: 591119-07-5243 of No.127, Jalan Tiara 10, Mutiara Bukit Jalil, 58200 Kuala Lumpur, MALAYSIA
(hereinafter referred as “Mr. Tan”).

 

WHEREAS,
SEATech wishes to engage the services of Mr. Tan as Chief Financial Officer and,

 

WHEREAS,
Mr. Tan is willing to provide his services and to undertake the duties and responsibilities described below and to enter into this Contract
for such period upon the terms and conditions hereinafter set forth.

 

NOW,
THEREFORE, in consideration of the mutual covenants and conditions herein contained, all prior contracts between the parties are
waived and of no further effect, and the parties to this Contract agree as follows:

 

1.
EMPLOYMENT

 

SEATech
shall contract with Mr. Tan, and Mr. Tan shall serve as Chief Financial Officer during the term of employment set forth in Paragraph
2 of this Contract. SEATech business is in the Asia Pacific region, covering countries in Hong Kong, Tana, Taiwan, Malaysia, Singapore,
Thailand, etc., in providing services such as business mentoring, nurturing and incubation services relating to client businesses and
corporate development advisory services to entrepreneurs in the broader technology industry, but with a specific focus on the information
and communication technology industry and Mr. Tan shall serve SEATech as a key member of its management team to develop and operate such
businesses.

 

2.
TERM

 

The
term of this Contract shall be for the period of 3 years commencing on 1st July 2021 and ending 30th June 2024
and any extension thereof. 

 

3.
JOB TITLE AND DUTIES

 

3.1
Title and Duties

 

Mr.
Tan shall be designated by SEATech as Chief Financial Officer and during the term of this Contract shall have responsibilities commensurate
with his title and position with SEATech. Concurrently, Mr. Tan shall also be designated as Chief Financial Officer of any and all subsidiaries,
associate companies, affiliate companies and related companies of SEATech. Mr. Tan shall devote his attention to, and exert his best
efforts in the performance of his duties hereunder, so as to promote the business of SEATech and other subsidiaries, associate companies,
affiliate companies and related companies.

 

3.2
Confidential Information

 

Mr.
Tan shall not, directly or indirectly, or at any time, during the term of this Contract hereunder or thereafter and without regard to
when or for what reason, if any, use or permit the use of any trade secrets, customers’ lists, or other information of, or relating
to SEATech, or any such subsidiary or affiliate in connection with any activity or business, except the business of SEATech or any such
subsidiary or affiliate and shall not divulge such trade secrets, customer’s lists, and information to any person, firm, or corporation
whatsoever, except as may be necessary in the performance of his duties hereunder or as may be required by any applicable law or determination
of any duly constituted administrative agency.

 

    	1

     

    

 

4.
COMPENSATION AND EXPENSES

 

4.1
Salary

 

SEATech
shall pay Mr. Tan during the Term of Employment a total monthly salary (“salary”) of US Dollars 1,250.00 only.

 

4.2
Business Expenses

 

SEATech
will reimburse Mr. Tan for all reasonable expenses properly incurred by Mr. Tan in the performance of his duties hereunder, upon presentation
of properly itemized charges, receipts and/or similar documentation, and otherwise in accordance with policies established from time
to time by the Board of Directors of SEATech.

 

4.3
Work Location

 

Mr.
Tan’s place of work shall be in Kuala Lumpur, Malaysia including other locations as agreed with the SEATech Board of Directors
from time to time depending on the job requirement.

 

5.
BENEFITS

 

5.1
Holidays and Annual Vacation Leave

 

Mr.
Tan shall be entitled to all public holidays in the country/territories where he is located at the time, in addition, to annual vacation
leave which shall accrue on a pro rata basis during the Contract term at the rate of fourteen (14) days per annum which vacation and/or
personal day(s) shall be taken by him at such time or times as are consistent with the needs of the business of SEATech.

 

5.2
Indemnification

 

Mr.
Tan shall be indemnified by SEATech to the fullest extent provided under the indemnification provisions of the By-Laws and/or Certificate
of Incorporation presently in existence, or, to the extent that the scope of such indemnification is greater, under any amendments to
the By Laws and/or Certificate of Incorporation. To the extent that SEATech obtains indemnification insurance for its officers and/or
directors, such insurance shall also cover Mr. Tan to the same extent.

 

6.
TERMINATION AND SEVERANCE PAYMENT

 

6.1
Termination

 

Either
party may terminate this Contract without cause by giving two (2) months’ notice period in writing or pay in lieu thereof.

 

6.2
Non-Recruitment

 

Should
Mr. Tan terminate his employment with SEATech within the Contract period, Mr. Tan agrees not to recruit any employee of SEATech or any
such subsidiary or affiliate to work for either, (i) a new company established to engage in the same business of SEATech or (ii) with
other Companies who directly compete with SEATech for a period of 6 months.

 

    	2

     

    

 

7.
INTELLECTUAL PROPERTY

 

Any
idea, invention, design, written material, manual, system, procedure, improvement, development or discovery conceived, developed, created
or made by Mr. Tan alone or with others relating to the business of SEATech or any of its’ subsidiaries or affiliates during the
Contract period and whether or not patentable or registerable, shall become the sole and exclusive property of SEATech. Mr. Tan shall
disclose the same promptly and completely to SEATech and shall, during the employment period (i) execute all documents required by SEATech
for vesting in SEATech the entire right, title and interest in and to same, (ii) execute all documents required by SEATech for filing
and prosecuting such applications for patents, trademarks, service marks and/or copyrights as SEATech, in its’ sole discretion,
any desire to prosecute, and (iii) give SEATech all assistance it reasonably require, including the giving of testimony in any suit,
action or proceeding, in order to obtain, maintain and protect SEATech’s rights therein and thereto.

 

8.
ASSIGNMENT

 

This
Contract and any rights (including Mr. Tan’s Compensation) hereunder shall not be assigned, pledged or transferred in any way by
either party hereto except that SEATech shall have, with Mr. Tan’s consent, the right to assign its’ rights hereunder to
any third-party successor in interest of SEATech whether by merger, consolidation, purchase of assets or stock or otherwise. Any attempted
assignment, pledge, transfer or other disposition of this Contract or any rights, interests or benefits contrary to the foregoing provisions
shall be null and void.

 

9.
NOTICES

 

All
notices, requests, demands and other communications hereunder must be in writing and shall be deemed to have been duly given if delivered
by hand, sent by facsimile, or mailed by first class, registered mail, return receipt requested, postage and registry fees prepaid to
the applicable party and addressed as follows:

 

	 	(i)	If to be sent to SEATech;
	 		SEATech’S address
  at Unit 305-306, 3/F., New East Ocean Centre, 9 Science Museum Road, Tsim Sha Tsui, Hong Kong.

 

	 	(ii)	If to be sent to Mr. Tan;
	 		Mr. Tan’s
  address at No 127, Mutiara Bukit Jalil, 58200 Kuala Lumpur, Malaysia

 

10.
SEVERABILITY

 

If
any provision of this Contract shall, for any reason, be adjudged by any court of competent jurisdiction to be invalid or unenforceable,
such judgment shall not affect, impair or invalidate the remainder of this Contract but shall be confined in its’ operation to
the jurisdiction in which it was made and to the provisions of this Contract directly involved in the controversy in which such judgment
shall have been rendered.

 

11.
WAIVER

 

No
course of dealing and no delay on the part of any party hereto in exercising any right, power, or remedy under or relating to this Contract
shall operate as a waiver thereof or otherwise prejudice such party’s rights, powers and remedies. No single or partial exercise
of any rights, powers or remedies under or relating to this Contract shall preclude any other or further exercise thereof or the exercise
of any other right, power or remedy.

 

12.
ENTIRE CONTRACT/GOVERNING LAW

 

This
Contract embodies the entire wider standing and supersedes all other oral or written contracts or understandings, between the parties
regarding the subject matter hereof. No change, alteration, or modification hereof may be made except in writing signed by both parties
hereto. This Contract shall be construed and governed in all respect and shall at times be determined in accordance with the laws Hong
Kong.

 

13
HEADINGS

 

The
headings of Paragraphs herein are included solely for convenience of reference and shall not control the meaning or interpretation of
any of the provisions of this Contract.

 

    	3

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed and delivered the Contract, consisting of four (4) pages on this 15th
day of June 2021.

 

	For
    and on behalf of:	Accepted
    and agreed by:
	SEATECH
    VENTURES (HK) LIMITED	MR.
    TAN HOCK CHYE

 

	 /s/ Chin Chee Seong	 	/s/
    Tan Hock Chye
	Name:	Chin
    Chee Seong	 	Malaysia
    ID No: 591119-07-5243
	Position:	Director/Chief
    Executive Officer	 	 

 

    	4

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