Document:

Exhibit 10.1

Supplemental Agreement

Letter of Intent of Share Purchase

 

Transferor: Li Dongxiang; Zeng Xianguang (the “Transferor”)

Transferee: Shenzhen Digital Image Technologies Co.,
Ltd. (“SDIT”)

Witness: Hubei Tongjin (Shenzhen) Law Firm (the “Witness”)

 

After friendly negotiation between the
Transferor and SDIT (the “Parties”), the Parties agreed to enter into this Supplemental Agreement (the “Agreement”),
which amends the Letter of Intent of Share Purchase (the “Letter of Intent”) dated September 26, 2011. The supplemental
agreement is the following:

 

	 	1.	Li Dongxiang, Zeng Xianguang, Chen Jiasong, Gu Rui, and Long Yan (the “Five Individuals”) of Guangzhou FanYuTuo 3D Technology Co., Ltd. (“Guangzhou”), hereby promised to work at Shenzhen Digital Image Technologies Co., Ltd. for at least three (3) years. Among the Five Individuals, Li Dongxiang and Zeng Xianguang are former shareholders of Guangzhou, and Chen Jiasong, Gu Rui, and Long Yan are former employees of Guangzhou.

		2.	Li Dongxiang and Zeng Xianguang shall be paid through the Witness according to the following:

		a.	50% of total acquisition price stipulated in the Letter of Intent will be paid through the Witness to Li Dongxiang and Zeng
Xianguang herein within five(5) business days upon execution of this agreement;

		b.	30% of total acquisition price stipulated in the Letter of Intent will be paid through the Witness to Li Dongxiang and Zeng
Xianguang herein, within five(5) business days immediately after completion of two (2) years of employment of the said Five Individuals
for SDIT;

		c.	The remainder of 20% will be paid through the Witness to Li Dongxiang and Zeng Xianguang herein within five (5) business days
immediately after completion of three (3) years of employment of the said Five Individuals for SDIT.

		3.	If any of the said Five Individuals resigns from SDIT within three years during the period of the agreement, the purchase price
described in the Agreement will not establish.

		4.	This agreement shall be deemed as an inseparable part of the original agreement once it comes into effect. It has the same
legal force as the original agreement. This Agreement shall govern if there is any conflict between this Agreement and the original
agreement.

		5.	This agreement is prepared in six (6) copies with the same legal force for the following: the registration office, the Witness,
the two shareholders, Guangzhou FanYuTuo 3D Technology Co., Ltd., and Shenzhen Digital Image Technologies Co., Ltd.

		6.	This agreement will come into effect upon the signing of the transferor and SDIT.

		7.	Unless otherwise specified, all terms in this Agreement shall have the same definition as defined in the Letter of Intent dated
September 26, 2011.

 

Transferor: Zeng Xianguang Li Dongxiang

Transferee: Shenzhen Digital Image Technologies Co.,
Ltd. (seal)

Witness: Hubei Tongjin (Shenzhen) Law Firm (seal)

Date:Exhibit 10.1

 

EMPLOYMENT
AGREEMENT

(Charles
Arizmendi)

 

This
EMPLOYMENT AGREEMENT (this “Agreement”) is made effective as of the 30th day of November 2011 (the “Effective
Date”) by and between Charles Arizmendi, an individual (“Employee”) and MEDIANET GROUP TECHNOLOGIES, INC., a
Nevada corporation (“MediaNet” or the “Corporation”); with reference to the following recitals:

 

WHEREAS,
the Company desires to employ the Employee as its Executive Vice President of Enterprise (Executive VP of Enterprise) and to utilize
his management services as indicated herein, and the Employee has agreed to provide such management services to the Company; and

 

WHEREAS,
the Employee desires to accept the Company’s offer of employment.

 

NOW,
THEREFORE, in consideration of the foregoing, the mutual covenants and agreements set forth herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, each of Employee and MediaNet hereby agree as follows:

 

1.Employment.
MediaNet hereby employs Employee and hereby affirms the employment of Employee as the Executive VP of Enterprise of MediaNet and
Employee hereby affirms, renews and accepts such employment, for the “Term” (as defined in Section 3 below), upon
the terms and conditions set forth herein.

 

2.Duties.
During the Term, Employee shall serve MediaNet faithfully, diligently and to the best of his ability, under the direction of the
CEO, COO and the Board of Directors of MediaNet. Employee shall render such services during the Term at the Corporation’s
principal place of business, as MediaNet may from time to time reasonably require of him, and shall devote that portion of his
business time as defined in Section 5 below to the performance thereof. Employee shall have those duties and powers as
generally pertain to the respective office, subject to the control of the CEO, COO and the Board of Directors of MediaNet. 
The precise services and duties that Employee is obligated to perform hereunder are defined in the Executive VP of Enterprise
& Partners roles and functions description attached hereto as Annex A and may
from time to time be changed, amended, extended or curtailed by the Board of Directors of MediaNet.

 

3.Term.
The “Term” of this Agreement shall commence on the Effective Date and continue thereafter for a term of four (4) years,
as may be extended or earlier terminated pursuant to the terms and conditions of this Agreement. The Term of this Agreement shall
automatically renew for successive one (1) year periods unless, within sixty (60) days of the expiration of the then existing
Term, MediaNet or Employee provides written notice to the other party that it elects not to renew the Term. Upon delivery of such
notice, this Agreement shall continue until expiration of the Term, whereupon this Agreement shall terminate. The first six months
of the employment shall be treated as a trial period with a one week termination notice for each party and no obligation for MediaNet
to pay any severance or execute stock options in any case.

 

4.Compensation.

 

4.1Salary. MediaNet shall pay
to Employee a total minimum annual salary of One Hundred Forty-four Thousand Dollars ($144,000) (the “Minimum Salary”),
payable in 12 equal installments at the end of such regular payroll accounting periods as are established by the Corporation, or
in such other installments upon which the parties hereto shall mutually agree. The Minimum Salary shall be paid to Employee by
the Corporation, subject to the terms set out below. In addition, MediaNet may pay additional salary from time to time, and award
bonuses in cash, stock or stock options or other property and services, as MediaNet may determine in its sole discretion or pursuant
to separate agreements with Employee. The Employee is hereby granted the options set forth on the Non-Qualified Stock Option Agreement
attached hereto as Annex B.

    	 

    	 	

    

 

4.2Expense
Reimbursement. MediaNet shall reimburse Employee for reasonable and necessary expenses incurred by him on behalf of MediaNet
in the performance of his duties hereunder during the Term, provided that such expenses are adequately documented in accordance
with MediaNet’s then customary policies.

 

5.Exclusivity. During the
Term, the Employee shall devote his full time and attention to the business and affairs of the Corporation, shall faithfully serve
the Corporation, and shall in all material respects conform to and comply with the lawful and reasonable directions and instructions
given to him by the Board, consistent with Section 2 hereof. During the Term, the Employee shall use his best efforts to promote
and serve the interests of the Corporation and shall not engage in any other business activity, whether or not such activity shall
be engaged in for pecuniary profit.

 

6.Indemnification.

 

6.1Third Party Actions. MediaNet
hereby indemnifies Employee in the event that Employee is a party, or is threatened to be made a party, to any proceeding (other
than an proceeding by or in the right of any MediaNet to procure a judgment in MediaNet’s favor) by reason of Employee’s
status as an officer, director, agent or employee of MediaNet, against expenses, judgments, fines, settlements, and other amounts
actually and reasonably incurred in connection with such proceeding if Employee acted in good faith and in a manner that Employee
reasonably believed to be in MediaNet’s best interests and, in the case of a criminal proceeding, Employee had no reasonable
cause to believe Employee’s conduct was unlawful. The termination of any proceeding by judgment, order, settlement, conviction,
or upon a plea of nolo contendere or its equivalent shall not, of itself, create any presumption that (a) Employee did not act
in good faith or in a manner which Employee reasonably believed to be in MediaNet’s best interests or (b) Employee had no
reasonable cause to believe that Employee’s conduct was unlawful.

 

6.2Successful
Defense by Employee. To the extent that Employee has been successful on the merits in defense of any proceeding referred to
in Sections 6.1, or in defense of any claim, issue, or matter therein, MediaNet shall indemnify Employee against expenses actually
and reasonably incurred by Employee in connection therewith.

 

6.3Advances.
Expenses incurred in defending any proceeding shall be advanced by the Company before the final disposition of such proceeding
upon receipt of an undertaking by or on behalf of Employee to repay such amounts if it shall be determined ultimately that Employee
is not entitled to be indemnified as authorized in this Section 7.

 

6.4Other Contractual
Rights. The indemnification provided by this Section 6 shall be deemed cumulative, and not exclusive, of any other rights to
which Employee may be entitled under any bylaw, agreement, vote of shareholders or disinterested directors, or otherwise, both
as to action in an official capacity and as to action in another capacity while holding such office. Nothing in this section shall
affect any right to indemnification to which Employee may be entitled by contract or otherwise.

 

6.5Insurance.
To the extent available at commercially reasonable rates and limits, MediaNet shall collectively purchase and maintain insurance
on behalf of Employee insuring against any liability asserted against or incurred by Employee in any capacity or arising out of
Employee’s status as such, whether or not MediaNet has the power to indemnify Employee against that liability under the provisions
of this Section 6.

 

6.6Survival.
The rights provided by this Section 6 shall survive the expiration or earlier termination of this Agreement pursuant hereto and
shall inure to the benefit of Employee’ heirs, executors, and administrators.

 

6.7Amendment.
Any amendment, repeal, or modification of MediaNet's articles or bylaws shall not adversely affect Employee’s right or protection
existing at the time of such amendment, repeal, or modification.

 

6.8Settlements.
MediaNet shall not be liable to indemnify Employee under this Section 6 for (i) any amounts paid in settlement of any action or
claim effected without MediaNet’s written consent, which consent shall not be unreasonably withheld, or (ii) any judicial
award, if MediaNet was not given a reasonable and timely opportunity to participate, at MediaNet’s expense, in the defense
of such action.

    	 

    	 	

    

 

6.9Subrogation.
In the event of payment under this Section 6, MediaNet shall be subrogated to the extent of such payment to all Employee’s
rights of recovery; and Employee shall execute all papers required and shall do everything necessary or appropriate to secure such
rights, including the execution of any documents necessary or appropriate to MediaNet effectively bringing suit to enforce such
rights.

 

6.10No Duplication
Of Payments. MediaNet shall not be liable under this Section 6 to make any payment in connection with any claim made against
Employee to the extent Employee has otherwise actually received payment, whether under a policy of insurance, agreement, vote,
or otherwise, of any amount which is otherwise subject to indemnification under this Section 6.

 

6.11Proceedings
And Expenses. For the purposes of this Section 6, “proceeding” means any threatened, pending, or completed action
or proceeding, whether civil, criminal, administrative, or investigative; and “expenses” includes, without limitation,
attorney fees and any expenses of establishing a right to indemnification under this Section 6.

 

7.Confidential Information/ Inventions.

 

7.1Employee shall not, in any manner,
for any reasons, either directly or indirectly, divulge or communicate to any person, firm or corporation, any confidential information
concerning any matters not generally known in MediaNet's industry or otherwise made public by MediaNet which affects or relates
to MediaNet's business, finances, marketing and/ or operations, research, development, inventions, products, designs, plans, procedures,
or other data (collectively, “Confidential Information”) except in the ordinary course of business or as required by
applicable law. Without regard to whether any item of Confidential Information is deemed or considered confidential, material,
or important, the parties hereto stipulate that as between them, to the extent such item is not generally known in the MediaNet's
industry, such item is important, material, and confidential and affects the successful conduct of MediaNet’s business and
good will, and that any breach of the terms of this Section 7.1 shall be a material and incurable breach of this Agreement.

 

7.2Employee further agrees that all
documents and materials furnished to Employee by MediaNet and relating to MediaNet’s business or prospective business are
and shall remain the exclusive property of MediaNet as the case may be. Employee shall deliver all such documents and materials
to MediaNet upon demand therefore and in any event upon expiration or earlier termination of this Agreement. Any payment of sums
due and owing to Employee by MediaNet upon such expiration or earlier termination shall be conditioned upon returning all such
documents and materials, and Employee expressly authorizes MediaNet to withhold any payments due and owing pending return of such
documents and materials.

 

7.3All ideas, inventions, and other
developments or improvements conceived or reduced to practice by Employee, alone or with others, during the term of this Agreement,
whether or not during working hours, that are within the scope of the business of MediaNet or that relate to or result from any
of MediaNet's work or projects or the services provided by Employee to MediaNet pursuant to this Agreement, shall be the exclusive
property of MediaNet. Employee agrees to assist MediaNet during the term, at MediaNet’s expense, to obtain patents and copyrights
on any such ideas, inventions, writings, and other developments, and agrees to execute all documents necessary to obtain such patents
and copyrights in the name of MediaNet.

 

8.Covenant Not to Compete. During
the term of this Agreement, Employee shall not engage in any of the following competitive activities: (a) engaging directly
or indirectly in any business or activity substantially similar to any business or activity engaged in by MediaNet as of the date
of this Agreement; (b) soliciting or taking away any employee, agent, representative, contractor, supplier, vendor, customer,
franchisee, lender or investor of MediaNet, or attempting to so solicit or take away; (c) interfering with any contractual or other
relationship between MediaNet and any employee, agent, representative, contractor, supplier, vendor, customer, franchisee, lender
or investor; or (d) using, for the benefit of any person or entity other than MediaNet, any Confidential Information of MediaNet.
The foregoing covenant prohibiting competitive activities shall survive the termination of this Agreement and shall extend, and
shall remain enforceable against Employee, for the period of two (2) year following the date this Agreement is terminated. In addition,
during the two-year period following such expiration or earlier termination, the parties shall not, directly or indirectly, make
or cause the making of any negative, derogatory or disparaging comments or statements about each other.

    	 

    	 	

    
 

 

9.Survival. Employee agrees
that the provisions of Sections 7 and 8 shall survive expiration or earlier termination of this Agreement for any reasons, whether
voluntary or involuntary, with or without cause, and shall remain in full force and effect thereafter.

 

10.Injunctive Relief. Employee
acknowledges and agrees that the covenants and obligations of Employee set forth in Sections 7 and 8 with respect to non-competition,
non-solicitation, confidentiality and the MediaNet's property relate to special, unique and extraordinary matters and that a violation
of any of the terms of such covenants and obligations will cause MediaNet irreparable injury for which adequate remedies are not
available at law. Therefore, Employee agrees that the Company shall be entitled to an injunction, restraining order or such other
equitable relief (without the requirement to post bond) as a court of competent jurisdiction may deem necessary or appropriate
to restrain Employee from committing any violation of the covenants and obligations referred to in this Section 10. These injunctive
remedies are cumulative and in addition to any other rights and remedies the Company may have at law or in equity.

 

11.Termination 

 

11.1Termination by Employee.
Employee may terminate this Agreement without cause at any time and for any reason upon ninety (90) days’ notice to MediaNet.
For purposes of this Agreement, the term “cause” for termination by Employee shall be (a) a material breach by MediaNet
of any material covenant or obligation hereunder; or (b) the voluntary or involuntary dissolution of MediaNet. The written notice
given hereunder by Employee to MediaNet shall specify in reasonable detail the cause for termination, and, in the case of the cause
described in (a) above, such termination notice shall not be effective until ninety (90) days after MediaNet’s receipt of
such notice, during which time MediaNet shall have the right to respond to Employee’s notice and cure the breach or other
event giving rise to the termination.

 

11.2Termination by MediaNet.
MediaNet may terminate its employment of Employee under this Agreement without cause at any time and for any reason upon ninety
(90) days’ notice to Employee. MediaNet may terminate its employment of Employee under this Agreement for cause at any time
by written notice to Employee. For purposes of this Agreement, the term “cause” for termination by MediaNet shall be
(a) a conviction of or plea of guilty or nolo contendere by Employee to a felony; (b) the consistent refusal by Employee
to perform his material duties and obligations hereunder; or (c) Employee’s willful and intentional misconduct in the performance
of his material duties and obligations as set forth from time to time in the employee manual. The written notice given hereunder
by MediaNet to Employee shall specify in reasonable detail the cause for termination. In the case of a termination for the cause
described in (a) above, such termination shall be effective upon receipt of the written notice. In the case of the causes described
in (b) and (c) above, such termination notice shall not be effective until ninety (90) days after Employee’s receipt of such
notice, during which time Employee shall have the right to respond to MediaNet's notice and cure the breach or other event giving
rise to the termination.

 

11.3Severance. Upon a termination
of this Agreement without cause by Employee or with cause by MediaNet, MediaNet shall immediately pay to Employee all accrued and
unpaid compensation as of the date of such termination. Upon a termination of this Agreement with cause by Employee or without
cause by MediaNet, MediaNet shall immediately pay to Employee all accrued and unpaid compensation as of the date of such termination
plus the Severance Payment. The accrued compensation due and payable at termination shall bear interest at the lesser of eight
percent (8%) per annum or the maximum rate permitted by law until such amounts are paid in full. The “Severance Payment”
shall equal the total amount of salary and healthcare benefits payable to Employee under Section 4.1 of this Agreement from the
date of such termination until six months after termination payable in equal installments at the end of such regular payroll accounting
periods as are established by the Corporation, or in such other installments upon which the parties hereto shall mutually agree.
Notwithstanding anything in this Agreement to the contrary, the Severance Payments are expressly conditioned upon Employee’s
delivery of the general release of claims reasonably satisfactory to the Company, provided that no payment shall be made unless
and until Employee executes, delivers and does not revoke such release (all before the 60th calendar day after termination of employment)
and, subject to Section 11, the Severance Payment shall be made after the expiration of the revocation period of such release.
Each installment of the payment and benefits provided under this Section 3.2 shall be treated as a separate payment for purposes
of Section 409A. Any unvested stock options then held by the Employee will vest immediately and options held by the Employee, or
his estate, will remain exercisable for three (3) years from the date of the Employee’s death or termination due to Disability,
but in no event later than the expiration date of the option.

    	 

    	 	

    

 

11.4Section 409A Specified Employee. Notwithstanding
anything to the contrary contained herein, if, on the date of termination, the Employee is a “specified employee” for
purposes of Section 409A of the Internal Revenue Code (the “Code”) and regulations and other interpretive guidance
issued thereunder (“Section 409A”), then any payment or the provision of any benefit payable under this Section 3.2
that constitutes non-qualified deferred compensation subject to (and not exempt from) Section 409A shall be delayed until the earlier
of (A) the business day following the six-month anniversary of the date of the Employee’s separation from service and (B)
the Employee’s death (the “Delay Period”), with the first (1st) payment equaling the total of all payment that
would have been paid during the Delay Period but for the application of Section 409A to such payments. For purposes of this Agreement,
the Employee’s employment with the Company shall be considered to have terminated when the Employee incurs a “separation
from service” with the Company within the meaning of Section 409A and applicable administrative guidance issued thereunder.

 

12.Termination Upon Death. If
Employee dies during the term of this Agreement, this Agreement shall terminate, except that Employee’s legal representatives
shall be entitled to receive any earned but unpaid compensation due hereunder. Any unvested stock options then held by the Employee
will vest immediately and options held by the Employee, or his estate, will remain exercisable for three (3) years from the date
of the Employee’s death or termination due to Disability, but in no event later than the expiration date of the option.

 

13. Termination Upon Disability. If, during the term of this Agreement, Employee suffers and continues to suffer from
a “Disability” (as defined below), then MediaNet may terminate this Agreement by delivering to Employee sixty (60)
calendar days prior written notice of termination based on such Disability, setting forth with specificity the nature of such Disability
and the determination of Disability by MediaNet. For the purposes of this Agreement, “Disability” means Employee’s
inability, with reasonable accommodation, to substantially perform Employee’s duties, services and obligations under this
Agreement due to physical or mental illness or other disability for a continuous, uninterrupted period of ninety (90) calendar
days. Any unvested stock options then held by the Employee will vest immediately and options held by the Employee, or his estate,
will remain exercisable for three (3) years from the date of the Employee’s death or termination due to Disability, but in
no event later than the expiration date of the option.

 

14.Personnel Policies, Conditions,
And Benefits. Except as otherwise provided herein, Employee’s employment shall be subject to the personnel policies and
benefit plans which apply generally to MediaNet's employees as the same may be interpreted, adopted, revised or deleted from time
to time, during the term of this Agreement, by MediaNet in its sole discretion. During the term hereof, Employee shall receive
the following:

 

14.1Vacation. Employee shall
be entitled to vacation during each year of the term at the rate of six (6) weeks per year; provided that no vacation shall accrue
from year to year during the term.

 

15.Beneficiaries of Agreement.
This Agreement shall inure to the benefit of MediaNet and any affiliates, successors, assigns, parent corporations, subsidiaries,
and/or purchasers of MediaNet as they now or shall exist while this Agreement is in effect.

 

16.No Waiver. No failure by
either party to declare a default based on any breach by the other party of any obligation under this Agreement, or failure of
such party to act quickly with regard thereto, shall be considered to be a waiver of any such obligation, or of any future breach.

 

17.Modification. No waiver or
modification of this Agreement or of any covenant, condition, or limitation herein contained shall be valid unless in writing and
duly executed by the parties to be charged therewith.

 

18.Choice Of Law/Jurisdiction.
This Agreement shall be governed by and construed in accordance with the laws of the State of Florida, without regard to any conflict-of-laws
principles. MediaNet and Employee hereby consent to personal jurisdiction before all courts in the Palm Beach County, State of
Florida, and hereby acknowledge and agree that Palm Beach County, Florida is and shall be the most proper forum to bring a complaint
before a court of law.

    	 

    	 	

    

 

19.Entire Agreement. This Agreement
embodies the whole agreement between the parties hereto and there are no inducements, promises, terms, conditions, or obligations
made or entered into by MediaNet or Employee other than contained herein.

 

20.Severability. All agreements
and covenants contained herein are severable, and in the event any of them, with the exception of those contained in Sections 1
and 4 hereof, shall be held to be invalid by any competent court, this Agreement shall be interpreted as if such invalid agreements
or covenants were not contained herein.

 

21.Headings.
The headings contained herein are for the convenience of reference and are not to be used in interpreting this Agreement.

 

IN WITNESS
WHEREOF, this Agreement has been duly executed by the parties hereto as of the 30th day of November, 2011.

 

 

MEDIANET
GROUP TECHNOLOGIES, INC.

 

 

MediaNet
Group Technologies, Inc.

a
Nevada corporation

 

 

 

 

By_______________________________________

Michael
Hansen, CEO

 

 

 

Employee

an
Individual

 

 

 

 

_________________________________________

 Charles
Arizmendi

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