Document:

Exhibit 10.2

 

ASSET ENTITIES INC.

100 Crescent Ct, 7th Floor

Dallas, TX 75201

 

April 21, 2022

 

Michael
Gaubert

100 Crescent Ct, 7th Floor

Dallas, TX 75201

 

	Re:	Consulting Agreement

 

Dear Michael:

 

This engagement letter (this “Agreement”)
sets forth the terms and conditions pertaining to your retention by us as a consultant and the provision of Services (as defined below)
by you to us. Please indicate your acceptance of these terms and conditions by signing in the space designated below and returning this
Agreement to my attention.

 

		1.	Services. Effective as of the Effective Date (as defined below), you agree to provide us with the
following services (the “Services”): You will serve as the Company’s Executive Chairman and will devote substantial
attention to providing consulting services to the Company, including, being responsible for duties that are customary for an executive
chairman of a company like the Company, including, but not limited to, effectively running the Board of Directors, working with the management
team to develop the Company’s strategy, and ensuring effective communication by the Company with its shareholders.

 

		2.	Annual Fee and Expenses. Effective as of the Effective Date, in consideration of the Services,
we will pay you an annual salary of $240,000, paid in monthly installments. As of the Effective Date, you will receive an initial cash
bonus of $50,000. You will also be eligible to receive an annual cash bonus as determined by the Company’s board of directors. In
addition, we shall reimburse you for all costs and expenses (including travel expenses) that you reasonably incur in the performance of
the Services to the extent that we have preapproved such expenses.

 

		3.	Restricted Stock Award. Effective as of the Effective Date, and subject to the approval of the
Company’s Board of Directors, you will be granted restricted stock in the amount of 225,500 shares of Class B Common Stock (the
“Shares”). The Shares will be subject to the terms and conditions applicable to restricted stock granted under the
Company’s 2022 Equity Incentive Plan (the “Plan”), as described in the Plan and the applicable Restricted Stock
Award Agreement (the “Award Agreement”). The Shares will vest equally over three (3) years on each anniversary of the
Award Agreement provided you remain in continuous service with the Company, as described in the applicable Award Agreement. Upon a change
of control of the Company, all of the Shares will vest immediately. The Award Agreement will also contain non-competition and non-solicitation
provisions. For purposes of this section, “cause” shall mean if either party fails to discharge any of its material obligations
hereunder, or commits a material breach of this Agreement, and such default or breach continues for a period of ten (10) days after the
other party has notified the former party of such default or breach (“Breach and/or Default”), this Agreement may then
be terminated at the option of the non-breaching party by notice thereof to the breaching party. If the Company terminates you, without
cause, any Shares due during the year you are terminated shall automatically vest. Likewise, if the Company commits a Breach and/or Default,
any Shares due during the year you terminate the Agreement as a result of the Company’s Breach and/or Default shall automatically
vest.

 

     

     

    

 

Page 2

 

		4.	Benefits. During the Term, as defined below, you will be eligible to participate in the standard
benefits plans offered to employees by the Company from time to time, subject to plan terms and generally applicable Company policies.
A full description of these benefits is available upon request. The Company may change compensation and benefits from time to time in
its discretion.

 

		5.	Liability Insurance. As of the Effective Date, the Company will provide you with standard indemnification
and directors’ and officers’ insurance.

 

		6.	Work Product. You agree that any and all Work Product shall be our sole and exclusive property.
You hereby irrevocably assign to us all right, title and interest worldwide in and to any deliverables resulting from the Services (“Deliverables”),
and to any ideas, concepts, processes, discoveries, developments, formulae, information, materials, improvements, designs, artwork, content,
software programs, other copyrightable works, and any other work product created, conceived or developed by you (whether alone or jointly
with others) for us during or before the term of this Agreement, including all copyrights, patents, trademarks, trade secrets, and other
intellectual property rights therein (the “Work Product”). You retain no rights to use the Work Product and agree not
to challenge the validity of our ownership of the Work Product. You agree to execute, at our request and expense, all documents and other
instruments necessary or desirable to confirm such assignment. In the event that you do not, for any reason, execute such documents within
a reasonable time after our request, you hereby irrevocably appoint us as your attorney-in-fact for the purpose of executing such documents
on your behalf, which appointment is coupled with an interest. You will deliver to us any Deliverables and disclose promptly in writing
to us all other Work Product. In addition, you shall comply with the Employee Confidential Information and Inventions Assignment Agreement
which prohibits unauthorized use or disclosure of the Company’s proprietary information, among other obligations, which you previously
executed on March 9, 2022, it being noted that such agreement provides no employment rights or obligations.

 

		7.	Term. This Agreement shall commence on the date of consummation of the Company’s proposed
initial public offering (the “Effective Date”) and shall continue until the two (2)-year anniversary of the Effective
Date unless terminated earlier as hereinafter provided in this agreement, or unless extended, on these or different terms, by mutual written
agreement of you and the Company (the “Term”).

 

		8.	Confidentiality. During the Term, we will provide you with confidential and/or proprietary information,
including but not limited to data, information, ideas, materials, sales, cost and other unpublished financial information, product and
business plans, or other relevant information that is marked “confidential” (or similarly) or, if not so marked, is clearly
intended to be confidential (collectively, “Confidential Information”). You shall protect all such Confidential Information
with at least the same degree of care that you use to protect your own confidential information, but not less than a reasonable degree
of care. You shall not use, disclose, provide, or permit any person to obtain any such Confidential Information in any form, except for
employees, agents, or independent contractors whose access is required to carry out the purposes of this Agreement and who have agreed
to be subject to the same restrictions as set forth herein. The confidentiality obligations of this section shall not apply to any information
received by you that (i) is generally available to or previously known to the public, (ii) can be reasonably demonstrated was known to
you prior to the negotiations leading to this Agreement, (iii) is independently developed by you outside the scope of this Agreement without
use of or reference to our Confidential Information, or (iv) is lawfully disclosed pursuant to a court order, provided that the party
subject to such order shall promptly notify the party whose Confidential Information is to be disclosed, so such party may seek a protective
or similar order.

 

     

     

    

 

Page 3

 

		9.	Termination. This Agreement can be terminated by either party upon thirty (30) days advance written
notice. Termination of this Agreement shall in no way affect our obligation to pay you for fees accrued through the date of termination
or to reimburse you for any approved expenses incurred on our behalf through the date of termination. One party’s obligations to
perform under this Agreement shall terminate automatically upon the dissolution, termination of existence, insolvency, business failure,
appointment of a receiver of any part of the other’s property, assignment or trust mortgage for the benefit of creditors by the
other, the commencement of any proceeding under any bankruptcy, receivership or insolvency laws by or against the other.

 

		10.	Miscellaneous. Each party shall be and act as an independent contractor and not as partner, joint
venturer, or agent of the other, and shall not bind nor attempt to bind the other to any contract. All notices under this Agreement shall
be in writing, and shall be deemed given when personally delivered, three days after being sent by prepaid certified or registered U.S.
mail, or one day after being sent by overnight express courier to the address of the party to be noticed, as set forth in any writing
or document provided by the party to be noticed to the other. This Agreement constitutes the entire agreement between the parties regarding
the subject matter hereof and supersedes all prior understandings, agreements, or representations by or between the parties, written or
oral, to the extent they related in any way to the subject matter hereof. No changes, modifications, or waivers to this Agreement will
be effective unless in writing and signed by both parties. In the event that any provision hereof is determined to be illegal or unenforceable,
that provision will be limited or eliminated to the minimum extent necessary so that these terms and conditions shall otherwise remain
in full force and effect and enforceable. These terms and conditions shall be governed by and construed in accordance with the laws of
the State of Nevada, without regard to the conflicts of laws provisions of such state. Neither party may assign its rights or delegate
its duties under this Agreement without the express prior written consent of the other party, which consent shall not be unreasonably
withheld. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original and all of which, together,
shall constitute one and the same instrument. Facsimile execution and delivery of this Agreement is legal, valid and binding execution
and delivery for all purposes.

 

Please sign and date this letter and return it to us by April 25, 2022, if you wish to accept this engagement on the terms described above.
If you accept this engagement, this agreement will become effective as of the Effective Date.

 

We look forward to your favorable reply and to
a productive and enjoyable work relationship.

 

Sincerely,

 

	/s/ Arshia Sarkhani	 	 
	Arshia Sarkhani, Chief Executive Officer	 	 
	 	 	 
	Understood and Accepted:	 	 
	 	 	 
	/s/ Michael Gaubert	 	April 21, 2022
	Michael Gaubert	 	Date

 

Attachment: Employee Confidential Information
and Inventions Assignment Agreement

 

     

     

    

 

EMPLOYEE CONFIDENTIAL INFORMATION AND INVENTIONS
ASSIGNMENT AGREEMENT

 

In consideration of my employment
or continued employment by Asset Entities Inc., a Nevada corporation (“Company”),
and the compensation paid to me now and during my employment with the Company, I agree to the terms of this Agreement as follows:

 

1.
Confidential Information Protections.

 

1.1
Nondisclosure; Recognition of Company’s Rights. At all times during and after my employment, I will hold in confidence
and will not disclose, use, lecture upon, or publish any of Company’s Confidential Information (defined below), except as may be
required in connection with my work for Company, or as expressly authorized by the Chief Executive Officer or President at the direction
of the Board of Directors of Company. I will obtain the Chief Executive Officer or President’s written approval before publishing
or submitting for publication any material (written, oral, or otherwise) that relates to my work at Company and/or incorporates any Confidential
Information. I hereby assign to Company any rights I may have or acquire in any and all Confidential Information and recognize that all
Confidential Information shall be the sole and exclusive property of Company and its assigns.

 

1.2
Confidential Information. The term “Confidential Information” shall mean any and all confidential knowledge,
data or information related to Company’s business or its actual or demonstrably anticipated research or development, including without
limitation (a) trade secrets, inventions, ideas, processes, computer source and object code, data, formulae, programs, other works of
authorship, know-how, improvements, discoveries, developments, designs, and techniques; (b) information regarding products, services,
plans for research and development, marketing and business plans, budgets, financial statements, contracts, prices, suppliers, and customers;
(c) information regarding the skills and compensation of Company’s employees, contractors, and any other service providers of Company;
and (d) the existence of any business discussions, negotiations, or agreements between Company and any third party.

 

1.3
Third Party Information. I understand that Company has received and in the future will receive from third parties confidential
or proprietary information (“Third Party Information”) subject to a duty on Company’s part to maintain the confidentiality
of such information and to use it only for certain limited purposes. During and after the term of my employment, I will hold Third Party
Information in strict confidence and will not disclose to anyone (other than Company personnel who need to know such information in connection
with their work for Company) or use, Third Party Information, except in connection with my work for Company or unless expressly authorized
by an officer of Company in writing.

 

1.4
No Improper Use of Information of Prior Employers and Others. I represent that my employment by Company does not and will not
breach any agreement with any former employer, including any noncompete agreement or any agreement to keep in confidence or refrain from
using information acquired by me prior to my employment by Company. I further represent that I have not entered into, and will not enter
into, any agreement, either written or oral, in conflict with my obligations under this Agreement. During my employment by Company, I
will not improperly make use of, or disclose, any information or trade secrets of any former employer or other third party, nor will I
bring onto the premises of Company or use any unpublished documents or any property belonging to any former employer or other third party,
in violation of any lawful agreements with that former employer or third party. I will use in the performance of my duties only information
that is generally known and used by persons with training and experience comparable to my own, is common knowledge in the industry or
otherwise legally in the public domain, or is otherwise provided or developed by Company.

 

2.
Inventions.

 

2.1
Definitions. As used in this Agreement, the term “Invention” means any ideas, concepts, information, materials,
processes, data, programs, know-how, improvements, discoveries, developments, designs, artwork, formulae, other copyrightable works, and
techniques and all Intellectual Property Rights in any of the items listed above. The term “Intellectual Property Rights”
means all trade secrets, copyrights, trademarks, mask work rights, patents and other intellectual property rights recognized by the laws
of any jurisdiction or country. The term “Moral Rights” means all paternity, integrity, disclosure, withdrawal, special
and any other similar rights recognized by the laws of any jurisdiction or country.

 

2.2
Prior Inventions. I have disclosed on Exhibit A a complete list of all Inventions that (a) I have, or I have caused
to be, alone or jointly with others, conceived, developed, or reduced to practice prior to the commencement of my employment by Company;
(b) in which I have an ownership interest or which I have a license to use; (c) and that I wish to have excluded from the scope of this
Agreement (collectively referred to as “Prior Inventions”). If no Prior Inventions are listed in Exhibit A or
if I have not completed Exhibit A, I warrant that there are no Prior Inventions. I agree that I will not incorporate, or permit
to be incorporated, Prior Inventions in any Company Inventions (defined below) without Company’s prior written consent. If, in the
course of my employment with Company, I incorporate a Prior Invention into a Company process, machine or other work, I hereby grant Company
a non-exclusive, perpetual, fully-paid and royalty-free, irrevocable and worldwide license, with rights to sublicense through multiple
levels of sublicensees, to reproduce, make derivative works of, distribute, publicly perform, and publicly display in any form or medium,
whether now known or later developed, make, have made, use, sell, import, offer for sale, and exercise any and all present or future rights
in, such Prior Invention.

 

     

     

    

 

2.3
Assignment of Company Inventions. Inventions assigned to the Company or to a third party as directed by the Company pursuant
to the subsection titled Government or Third Party are referred to in this Agreement as “Company Inventions.” Subject
to the subsection titled Government or Third Party and except for Inventions that I can prove qualify fully under the provisions of California
Labor Code section 2870 and I have set forth in Exhibit A, I hereby assign and agree to assign in the future (when any such Inventions
or Intellectual Property Rights are first reduced to practice or first fixed in a tangible medium, as applicable) to Company all my right,
title, and interest in and to any and all Inventions (and all Intellectual Property Rights with respect thereto) made, conceived, reduced
to practice, or learned by me, either alone or with others, during the period of my employment by Company. Any assignment of Inventions
(and all Intellectual Property Rights with respect thereto) hereunder includes an assignment of all Moral Rights. To the extent such Moral
Rights cannot be assigned to Company and to the extent the following is allowed by the laws in any country where Moral Rights exist, I
hereby unconditionally and irrevocably waive the enforcement of such Moral Rights, and all claims and causes of action of any kind against
Company or related to Company’s customers, with respect to such rights. I further acknowledge and agree that neither my successors-in-interest
nor legal heirs retain any Moral Rights in any Inventions (and any Intellectual Property Rights with respect thereto).

 

2.4
Obligation to Keep Company Informed. During the period of my employment and for one (1) year after my employment ends, I will
promptly and fully disclose to Company in writing (a) all Inventions authored, conceived, or reduced to practice by me, either alone or
with others, including any that might be covered under California Labor Code section 2870, and (b) all patent applications filed by me
or in which I am named as an inventor or co-inventor.

 

2.5
Government or Third Party. I agree that, as directed by the Company, I will assign to a third party, including without limitation
the United States, all my right, title, and interest in and to any particular Company Invention.

 

2.6
Enforcement of Intellectual Property Rights and Assistance. During and after the period of my employment and at Company’s
request and expense, I will assist Company in every proper way, including consenting to and joining in any action, to obtain and enforce
United States and foreign Intellectual Property Rights and Moral Rights relating to Company Inventions in all countries. If the Company
is unable to secure my signature on any document needed in connection with such purposes, I hereby irrevocably designate and appoint Company
and its duly authorized officers and agents as my agent and attorney in fact, which appointment is coupled with an interest, to act on
my behalf to execute and file any such documents and to do all other lawfully permitted acts to further such purposes with the same legal
force and effect as if executed by me.

 

2.7
Incorporation of Software Code. I agree that I will not incorporate into any Company software or otherwise deliver to Company
any software code licensed under the GNU General Public License or Lesser General Public License or any other license that, by its terms,
requires or conditions the use or distribution of such code on the disclosure, licensing, or distribution of any source code owned or
licensed by Company except as expressly authorized by the Company or in strict compliance with the Company’s policies regarding
the use of such software.

 

3.
Records. I agree
to keep and maintain adequate and current records (in the form of notes, sketches, drawings and in any other form that is required by
the Company) of all Inventions made by me during the period of my employment by the Company, which records shall be available to, and
remain the sole property of, the Company at all times.

 

4.
Additional Activities. I agree that during the term of my employment
by Company, I will not (a) without Company’s express written consent, engage in any employment or business activity that is competitive
with, or would otherwise conflict with my employment by, Company; and (b) for the period of my employment by Company and for one (1) year
thereafter, I will not either directly or indirectly, solicit or attempt to solicit any employee, independent contractor, or consultant
of Company to terminate his, her or its relationship with Company in order to become an employee, consultant, or independent contractor
to or for any other person or entity. Furthermore, I agree that during the term and thereafter, I shall not disparage the Company, any
officer or director of the Company or any affiliate or agent of the Company.

 

    2

     

    

 

5.
Return Of Company Property.
Upon termination of my employment or upon Company’s request at any other time, I will deliver to Company all of Company’s
property, equipment, and documents, together with all copies thereof, and any other material containing or disclosing any Inventions,
Third Party Information or Confidential Information and certify in writing that I have fully complied with the foregoing obligation. I
agree that I will not copy, delete, or alter any information contained upon my Company computer or Company equipment before I return it
to Company. In addition, if I have used any personal computer, server, or e-mail system to receive, store, review, prepare or transmit
any Company information, including but not limited to, Confidential Information, I agree to provide the Company with a computer-useable
copy of all such Confidential Information and then permanently delete and expunge such Confidential Information from those systems; and
I agree to provide the Company access to my system as reasonably requested to verify that the necessary copying and/or deletion is completed.
I further agree that any property situated on Company’s premises and owned by Company is subject to inspection by Company’s
personnel at any time with or without notice. Prior to the termination of my employment or promptly after termination of my employment,
I will cooperate with Company in attending an exit interview and certify in writing that I have complied with the requirements of this
section.

 

6.
Notification Of New Employer. If I leave the employ of Company,
I consent to the notification of my new employer of my rights and obligations under this Agreement, by Company providing a copy of this
Agreement or otherwise.

 

7.
General Provisions.

 

7.1
Governing Law and Venue. This Agreement and any action related thereto will be governed and interpreted by and under the laws
of the State of Nevada, without giving effect to any conflicts of laws principles that require the application of the law of a different
state. I expressly consent to personal jurisdiction and venue in the state and federal courts for the county in which Company’s
principal place of business is located for any lawsuit filed there against me by Company arising from or related to this Agreement.

 

7.2
Severability. If any provision of this Agreement is, for any reason, held to be invalid or unenforceable, the other provisions
of this Agreement will remain enforceable and the invalid or unenforceable provision will be deemed modified so that it is valid and enforceable
to the maximum extent permitted by law.

 

7.3
Survival. This Agreement shall survive the termination of my employment and the assignment of this Agreement by Company to
any successor or other assignee and shall be binding upon my heirs and legal representatives.

 

7.4
Employment. I agree and understand that nothing in this Agreement shall give me any right to continued employment by Company,
and it will not interfere in any way with my right or Company’s right to terminate my employment at any time, with or without cause
and with or without advance notice.

 

7.5
Notices. Each party must deliver all notices or other communications required or permitted under this Agreement in writing
to the other party at the address listed on the signature page, by courier, by certified or registered mail (postage prepaid and return
receipt requested), or by a nationally-recognized express mail service. Notice will be effective upon receipt or refusal of delivery.
If delivered by certified or registered mail, notice will be considered to have been given five (5) business days after it was mailed,
as evidenced by the postmark. If delivered by courier or express mail service, notice will be considered to have been given on the delivery
date reflected by the courier or express mail service receipt. Each party may change its address for receipt of notice by giving notice
of the change to the other party.

 

7.6
Injunctive Relief. I acknowledge that, because my services are personal and unique and because I will have access to the Confidential
Information of Company, any breach of this Agreement by me would cause irreparable injury to Company for which monetary damages would
not be an adequate remedy and, therefore, will entitle Company to injunctive relief (including specific performance). The rights and remedies
provided to each party in this Agreement are cumulative and in addition to any other rights and remedies available to such party at law
or in equity.

 

7.7
Waiver. Any waiver or failure to enforce any provision of this Agreement on one occasion will not be deemed a waiver of that
provision or any other provision on any other occasion.

 

7.8
Export. I agree not to export, reexport, or transfer, directly or indirectly, any U.S. technical data acquired from Company
or any products utilizing such data, in violation of the United States export laws or regulations.

 

7.9
Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and all
of which shall be taken together and deemed to be one instrument.

 

7.10 Entire Agreement.
If no other agreement governs nondisclosure and assignment of inventions during any period in which I was previously employed or am in
the future employed by Company as an independent contractor, the obligations pursuant to sections of this Agreement titled Confidential
Information Protections and Inventions shall apply. This Agreement is the final, complete and exclusive agreement of the parties with
respect to the subject matter hereof and supersedes and merges all prior communications between us with respect to such matters. No modification
of or amendment to this Agreement, or any waiver of any rights under this Agreement, will be effective unless in writing and signed by
me and the Company. Any subsequent change or changes in my duties, salary or compensation will not affect the validity or scope of this
Agreement.

 

    3

     

    

 

This Agreement shall be effective
as of the first day of my employment with Company.

 

	 	COMPANY:
	 	 
	 	Asset Entities Inc.
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 
	 	Address:	 
	 	 	 
	 	 	 
	 	 
	 	EMPLOYEE:
	 	 
	 	I have read, understand, and accept this agreement and have been given the opportunity to review it with independent legal counsel.
	 	 
	 	 
	 	(Signature)
	 	 
	 	 
	 	Name (Please Print)
	 	 
	 	 
	 	Date
	 	 
	 	Address: 	 
	 	 	 
	 	 	 

 

    4

     

    

 

Exhibit
A

 

INVENTIONS

 

1.   Prior
Inventions Disclosure. The following is a complete list of all Prior Inventions (as provided in Subsection 2.2 of the attached Employee
Confidential Information and Inventions Assignment Agreement):

 

☐   None

 

☐   See
immediately below:Exhibit 10.3

 

ASSET ENTITIES INC.

100 Crescent Ct, 7th Floor

Dallas, TX 75201

 

April 21, 2022

 

Kyle
Fairbanks

100 Crescent Ct, 7th Floor

Dallas, TX 75201

 

Re: Employment Terms

 

Dear Kyle:

 

Asset Entities Inc. (the “Company”)
is pleased to offer you the position of Executive Vice-Chairman on the following terms.

 

Effective as of the Effective Date (as defined
below), you will be responsible for duties that are customary for an executive vice-chairman of a company like the Company, including,
but not limited to, assisting the Executive Chairman in the performance of his duties and responsibilities, assuming the duties of the
Executive Chairman in his absence, and monitoring the implementation of the Company’s strategies. You will report to the Executive
Chairman and the Board of Directors. Your work will be performed remotely with occasional in-person meetings as the Company may from time
to time request. Of course, the Company may change your position, duties, and work location from time to time in its discretion.

 

Effective as of the Effective Date, your salary
will be $240,000 per year, less payroll deductions and withholdings, paid on the Company’s normal payroll schedule and you will
be eligible to receive an annual cash bonus as determined by the Board of Directors. On the Effective Date, you will receive an initial
cash bonus of $10,000.

 

Subject to the approval of the Company’s
Board of Directors, you will be granted restricted stock in the amount of 200,000 shares of Class B Common Stock (the “Shares”).
The Shares will be subject to the terms and conditions applicable to restricted stock granted under the Company’s 2022 Equity Incentive
Plan (the “Plan”), as described in the Plan and the applicable Restricted Stock Award Agreement (the “Award
Agreement”). The Shares will vest equally over three (3) years on each anniversary of the Award Agreement provided you remain
in continuous service with the Company, as described in the applicable Award Agreement. Upon a change of control of the Company, all of
the Shares will vest immediately. The Award Agreement will also contain non-competition and non-solicitation provisions.

 

During your employment, you will be eligible to
participate in the standard benefits plans offered to similarly situated employees by the Company from time to time, subject to plan terms
and generally applicable Company policies. A full description of these benefits is available upon request. The Company may change compensation
and benefits from time to time in its discretion.

 

As of the Effective Date, the Company will provide
you with standard indemnification and directors’ and officers’ insurance.

 

    

     

    

 

Page 2

 

As a Company employee, you will be expected to
abide by Company rules and policies. As a condition of employment, you must comply with the Employee Confidential Information and Inventions
Assignment Agreement which prohibits unauthorized use or disclosure of the Company’s proprietary information, among other obligations,
which you previously executed on March 9, 2022.

 

In your work for the Company, you will be expected
not to use or disclose any confidential information, including trade secrets, of any former employer or other person to whom you have
an obligation of confidentiality. Rather, you will be expected to use only that information which is generally known and used by persons
with training and experience comparable to your own, which is common knowledge in the industry or otherwise legally in the public domain,
or which is otherwise provided or developed by the Company. You agree that you will not bring onto Company premises any unpublished documents
or property belonging to any former employer or other person to whom you have an obligation of confidentiality. You hereby represent that
you have disclosed to the Company any contract you have signed that may restrict your activities on behalf of the Company.

 

Normal business hours are from 9:00 a.m. to 5:00
p.m., Monday through Friday. As an exempt salaried employee, you will be expected to work additional hours as required by the nature of
your work assignments.

 

The term of employment under this agreement shall
commence on the date of consummation of the Company’s proposed initial public offering (the “Effective Date”)
and shall continue until the two (2)-year anniversary of the Effective Date unless terminated earlier as hereinafter provided in this
agreement, or unless extended, on these or different terms, by mutual written agreement of you and the Company. You may terminate your
employment with the Company at any time and for any reason whatsoever simply by notifying the Company. The Company may terminate your
employment for “cause” by written notice to you. As used herein, “cause” shall mean (a) conviction of or plea
of guilty or nolo contendere to a felony under the laws of the United States or any state thereof; (b) commission of fraud or embezzlement
on the Company or any of its subsidiaries; (c) willful act or omission which results in an assessment of a civil or criminal penalty against
the Company or any of its subsidiaries that causes material financial or reputational harm to the Company or any of its subsidiaries;
(d) any intentional act of dishonesty resulting or intending to result in personal gain or enrichment at the expense of the Company or
any of its subsidiaries; (e) a violation by of law (whether statutory, regulatory or common law), causing a material financial harm or
material reputational harm to the Company or any of its subsidiaries; (f) a material violation of the Company’s (or any of its subsidiaries’)
bona fide, written equal employment opportunity, antidiscrimination, anti-harassment, or anti-retaliation policies; (g) material breach
of this agreement; (h) the consistent abuse of alcohol, prescription drugs or controlled substances, which interferes with the performance
of your duties to the Company; (i) failure to execute the duties and responsibilities of the officer position which you hold; (j) a breach
or default of your obligations to the Company or under this Agreement; or (k) excessive absenteeism other than for reasons of illness.

 

    

     

    

 

Page 3

 

This offer is contingent upon a reference check
and satisfactory proof of your right to work in the United States. You agree to assist as needed and to complete any documentation at
the Company’s request to meet these conditions.

 

This letter, together with your Employee Confidential
Information and Inventions Assignment Agreement, forms the complete and exclusive statement of your employment agreement with the Company.
It supersedes any other agreements or promises made to you by anyone, whether oral or written. Changes in your employment terms, other
than those changes expressly reserved to the Company’s discretion in this letter, require a written modification signed by an officer
of the Company.

 

Please sign and date this letter, and the enclosed
Employee Confidential Information and Inventions Assignment Agreement and return them to me by April 25, 2022, if you wish to accept employment
at the Company under the terms described above. If you accept our offer, this agreement will become effective as of the Effective Date.

 

We look forward to your favorable reply and to
a productive and enjoyable work relationship.

 

Sincerely,

 

	/s/ Michael Gaubert	 	 
	Michael Gaubert, Executive Chairman	 	 
	 	 	 
	Understood and Accepted:	 	 
	 	 	 
	/s/ Kyle Fairbanks	 	April 21, 2022
	Kyle Fairbanks	 	Date

 

Attachment: Employee Confidential Information
and Inventions Assignment Agreement

 

    

     

    

 

EMPLOYEE CONFIDENTIAL INFORMATION AND INVENTIONS
ASSIGNMENT AGREEMENT

 

In consideration of my employment
or continued employment by Asset Entities Inc., a Nevada corporation (“Company”),
and the compensation paid to me now and during my employment with the Company, I agree to the terms of this Agreement as follows:

 

1. Confidential
Information Protections.

 

1.1 Nondisclosure;
Recognition of Company’s Rights. At all times during and after my employment, I will hold in confidence and will not disclose,
use, lecture upon, or publish any of Company’s Confidential Information (defined below), except as may be required in connection
with my work for Company, or as expressly authorized by the Chief Executive Officer or President at the direction of the Board of Directors
of Company. I will obtain the Chief Executive Officer or President’s written approval before publishing or submitting for publication
any material (written, oral, or otherwise) that relates to my work at Company and/or incorporates any Confidential Information. I hereby
assign to Company any rights I may have or acquire in any and all Confidential Information and recognize that all Confidential Information
shall be the sole and exclusive property of Company and its assigns.

 

1.2 Confidential
Information. The term “Confidential Information” shall mean any and all confidential knowledge, data or information
related to Company’s business or its actual or demonstrably anticipated research or development, including without limitation (a)
trade secrets, inventions, ideas, processes, computer source and object code, data, formulae, programs, other works of authorship, know-how,
improvements, discoveries, developments, designs, and techniques; (b) information regarding products, services, plans for research and
development, marketing and business plans, budgets, financial statements, contracts, prices, suppliers, and customers; (c) information
regarding the skills and compensation of Company’s employees, contractors, and any other service providers of Company; and (d) the
existence of any business discussions, negotiations, or agreements between Company and any third party.

 

1.3 Third
Party Information. I understand that Company has received and in the future will receive from third parties confidential or proprietary
information (“Third Party Information”) subject to a duty on Company’s part to maintain the confidentiality of
such information and to use it only for certain limited purposes. During and after the term of my employment, I will hold Third Party
Information in strict confidence and will not disclose to anyone (other than Company personnel who need to know such information in connection
with their work for Company) or use, Third Party Information, except in connection with my work for Company or unless expressly authorized
by an officer of Company in writing.

 

1.4 No
Improper Use of Information of Prior Employers and Others. I represent that my employment by Company does not and will not breach
any agreement with any former employer, including any noncompete agreement or any agreement to keep in confidence or refrain from using
information acquired by me prior to my employment by Company. I further represent that I have not entered into, and will not enter into,
any agreement, either written or oral, in conflict with my obligations under this Agreement. During my employment by Company, I will not
improperly make use of, or disclose, any information or trade secrets of any former employer or other third party, nor will I bring onto
the premises of Company or use any unpublished documents or any property belonging to any former employer or other third party, in violation
of any lawful agreements with that former employer or third party. I will use in the performance of my duties only information that is
generally known and used by persons with training and experience comparable to my own, is common knowledge in the industry or otherwise
legally in the public domain, or is otherwise provided or developed by Company.

 

2. Inventions.

 

2.1 Definitions.
As used in this Agreement, the term “Invention” means any ideas, concepts, information, materials, processes, data,
programs, know-how, improvements, discoveries, developments, designs, artwork, formulae, other copyrightable works, and techniques and
all Intellectual Property Rights in any of the items listed above. The term “Intellectual Property Rights” means all
trade secrets, copyrights, trademarks, mask work rights, patents and other intellectual property rights recognized by the laws of any
jurisdiction or country. The term “Moral Rights” means all paternity, integrity, disclosure, withdrawal, special and
any other similar rights recognized by the laws of any jurisdiction or country.

 

     1

     

    

 

2.2 Prior
Inventions. I have disclosed on Exhibit A a complete list of all Inventions that (a) I have, or I have caused to be, alone
or jointly with others, conceived, developed, or reduced to practice prior to the commencement of my employment by Company; (b) in which
I have an ownership interest or which I have a license to use; (c) and that I wish to have excluded from the scope of this Agreement (collectively
referred to as “Prior Inventions”). If no Prior Inventions are listed in Exhibit A or if I have not completed
Exhibit A, I warrant that there are no Prior Inventions. I agree that I will not incorporate, or permit to be incorporated, Prior
Inventions in any Company Inventions (defined below) without Company’s prior written consent. If, in the course of my employment
with Company, I incorporate a Prior Invention into a Company process, machine or other work, I hereby grant Company a non-exclusive, perpetual,
fully-paid and royalty-free, irrevocable and worldwide license, with rights to sublicense through multiple levels of sublicensees, to
reproduce, make derivative works of, distribute, publicly perform, and publicly display in any form or medium, whether now known or later
developed, make, have made, use, sell, import, offer for sale, and exercise any and all present or future rights in, such Prior Invention.

 

2.3 Assignment
of Company Inventions. Inventions assigned to the Company or to a third party as directed by the Company pursuant to the subsection
titled Government or Third Party are referred to in this Agreement as “Company Inventions.” Subject to the subsection
titled Government or Third Party and except for Inventions that I can prove qualify fully under the provisions of California Labor Code
section 2870 and I have set forth in Exhibit A, I hereby assign and agree to assign in the future (when any such Inventions or
Intellectual Property Rights are first reduced to practice or first fixed in a tangible medium, as applicable) to Company all my right,
title, and interest in and to any and all Inventions (and all Intellectual Property Rights with respect thereto) made, conceived, reduced
to practice, or learned by me, either alone or with others, during the period of my employment by Company. Any assignment of Inventions
(and all Intellectual Property Rights with respect thereto) hereunder includes an assignment of all Moral Rights. To the extent such Moral
Rights cannot be assigned to Company and to the extent the following is allowed by the laws in any country where Moral Rights exist, I
hereby unconditionally and irrevocably waive the enforcement of such Moral Rights, and all claims and causes of action of any kind against
Company or related to Company’s customers, with respect to such rights. I further acknowledge and agree that neither my successors-in-interest
nor legal heirs retain any Moral Rights in any Inventions (and any Intellectual Property Rights with respect thereto).

 

2.4 Obligation
to Keep Company Informed. During the period of my employment and for one (1) year after my employment ends, I will promptly and fully
disclose to Company in writing (a) all Inventions authored, conceived, or reduced to practice by me, either alone or with others, including
any that might be covered under California Labor Code section 2870, and (b) all patent applications filed by me or in which I am named
as an inventor or co-inventor.

 

2.5 Government
or Third Party. I agree that, as directed by the Company, I will assign to a third party, including without limitation the United
States, all my right, title, and interest in and to any particular Company Invention.

 

2.6 Enforcement
of Intellectual Property Rights and Assistance. During and after the period of my employment and at Company’s request and expense,
I will assist Company in every proper way, including consenting to and joining in any action, to obtain and enforce United States and
foreign Intellectual Property Rights and Moral Rights relating to Company Inventions in all countries. If the Company is unable to secure
my signature on any document needed in connection with such purposes, I hereby irrevocably designate and appoint Company and its duly
authorized officers and agents as my agent and attorney in fact, which appointment is coupled with an interest, to act on my behalf to
execute and file any such documents and to do all other lawfully permitted acts to further such purposes with the same legal force and
effect as if executed by me.

 

2.7 Incorporation
of Software Code. I agree that I will not incorporate into any Company software or otherwise deliver to Company any software code
licensed under the GNU General Public License or Lesser General Public License or any other license that, by its terms, requires or conditions
the use or distribution of such code on the disclosure, licensing, or distribution of any source code owned or licensed by Company except
as expressly authorized by the Company or in strict compliance with the Company’s policies regarding the use of such software.

 

     2

     

    

 

3. Records.
I agree to keep and maintain adequate and current records (in the form of notes, sketches, drawings and in any other form that is required
by the Company) of all Inventions made by me during the period of my employment by the Company, which records shall be available to, and
remain the sole property of, the Company at all times.

 

4. Additional
Activities. I agree that during the term of my employment by Company, I will not (a) without Company’s express written
consent, engage in any employment or business activity that is competitive with, or would otherwise conflict with my employment by, Company;
and (b) for the period of my employment by Company and for one (1) year thereafter, I will not either directly or indirectly, solicit
or attempt to solicit any employee, independent contractor, or consultant of Company to terminate his, her or its relationship with Company
in order to become an employee, consultant, or independent contractor to or for any other person or entity. Furthermore, I agree that
during the term and thereafter, I shall not disparage the Company, any officer or director of the Company or any affiliate or agent of
the Company.

 

5. Return
Of Company Property. Upon termination of my employment or upon Company’s
request at any other time, I will deliver to Company all of Company’s property, equipment, and documents, together with all copies
thereof, and any other material containing or disclosing any Inventions, Third Party Information or Confidential Information and certify
in writing that I have fully complied with the foregoing obligation. I agree that I will not copy, delete, or alter any information contained
upon my Company computer or Company equipment before I return it to Company. In addition, if I have used any personal computer, server,
or e-mail system to receive, store, review, prepare or transmit any Company information, including but not limited to, Confidential Information,
I agree to provide the Company with a computer-useable copy of all such Confidential Information and then permanently delete and expunge
such Confidential Information from those systems; and I agree to provide the Company access to my system as reasonably requested to verify
that the necessary copying and/or deletion is completed. I further agree that any property situated on Company’s premises and owned
by Company is subject to inspection by Company’s personnel at any time with or without notice. Prior to the termination of my employment
or promptly after termination of my employment, I will cooperate with Company in attending an exit interview and certify in writing that
I have complied with the requirements of this section.

 

6. Notification
Of New Employer. If I leave the employ of Company, I consent to the notification of my new employer of my rights and obligations
under this Agreement, by Company providing a copy of this Agreement or otherwise.

 

7. General
Provisions.

 

7.1 Governing
Law and Venue. This Agreement and any action related thereto will be governed and interpreted by and under the laws of the State of
Nevada, without giving effect to any conflicts of laws principles that require the application of the law of a different state. I expressly
consent to personal jurisdiction and venue in the state and federal courts for the county in which Company’s principal place of
business is located for any lawsuit filed there against me by Company arising from or related to this Agreement.

 

7.2 Severability.
If any provision of this Agreement is, for any reason, held to be invalid or unenforceable, the other provisions of this Agreement will
remain enforceable and the invalid or unenforceable provision will be deemed modified so that it is valid and enforceable to the maximum
extent permitted by law.

 

     3

     

    

 

7.3 Survival.
This Agreement shall survive the termination of my employment and the assignment of this Agreement by Company to any successor or other
assignee and shall be binding upon my heirs and legal representatives.

 

7.4 Employment.
I agree and understand that nothing in this Agreement shall give me any right to continued employment by Company, and it will not interfere
in any way with my right or Company’s right to terminate my employment at any time, with or without cause and with or without advance
notice.

 

7.5 Notices.
Each party must deliver all notices or other communications required or permitted under this Agreement in writing to the other party at
the address listed on the signature page, by courier, by certified or registered mail (postage prepaid and return receipt requested),
or by a nationally-recognized express mail service. Notice will be effective upon receipt or refusal of delivery. If delivered by certified
or registered mail, notice will be considered to have been given five (5) business days after it was mailed, as evidenced by the postmark.
If delivered by courier or express mail service, notice will be considered to have been given on the delivery date reflected by the courier
or express mail service receipt. Each party may change its address for receipt of notice by giving notice of the change to the other party.

 

7.6 Injunctive
Relief. I acknowledge that, because my services are personal and unique and because I will have access to the Confidential Information
of Company, any breach of this Agreement by me would cause irreparable injury to Company for which monetary damages would not be an adequate
remedy and, therefore, will entitle Company to injunctive relief (including specific performance). The rights and remedies provided to
each party in this Agreement are cumulative and in addition to any other rights and remedies available to such party at law or in equity.

 

7.7 Waiver.
Any waiver or failure to enforce any provision of this Agreement on one occasion will not be deemed a waiver of that provision or any
other provision on any other occasion.

 

7.8 Export.
I agree not to export, reexport, or transfer, directly or indirectly, any U.S. technical data acquired from Company or any products utilizing
such data, in violation of the United States export laws or regulations.

 

7.9 Counterparts.
This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and all of which shall be taken
together and deemed to be one instrument.

 

7.10
Entire Agreement. If no other agreement governs nondisclosure and assignment of inventions during any period in which I was previously
employed or am in the future employed by Company as an independent contractor, the obligations pursuant to sections of this Agreement
titled Confidential Information Protections and Inventions shall apply. This Agreement is the final, complete and exclusive agreement
of the parties with respect to the subject matter hereof and supersedes and merges all prior communications between us with respect to
such matters. No modification of or amendment to this Agreement, or any waiver of any rights under this Agreement, will be effective unless
in writing and signed by me and the Company. Any subsequent change or changes in my duties, salary or compensation will not affect the
validity or scope of this Agreement.

 

 

     4

     

    

 

This Agreement shall be effective
as of the first day of my employment with Company.

 

	 	COMPANY:	
	 	 	 
	 	Asset Entities Inc. 
	 	 	 
	 	By:	
	 	 	Name:
	 	 	Title:
	 	 	 
	 	Address:	
	 	 	 
	 	 	 
	 	 	 
	 	EMPLOYEE: 
	 	 	 
	 	I have read, understand, and accept this agreement and have been given the opportunity to review it with independent legal counsel.
	 	 	 
	 	 
	 	(Signature)
	 	 	 
	 	 
	 	Name (Please Print)
	 	 	 
	 	 
	 	Date
	 	 	 
	 	Address:	
	 	 	 
	 	 	 

 

     5

     

    

 

Exhibit
A

 

INVENTIONS

 

1. Prior
Inventions Disclosure. The following is a complete list of all Prior Inventions (as provided in Subsection 2.2 of the attached Employee
Confidential Information and Inventions Assignment Agreement):

 

☐ None

 

☐ See
immediately below:

 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 

 

 

6

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