Document:

Exhibit 10.1

 

 

Employment Contract
– Yuebiao Li

 

BETWEEN: Yantai Jinzheng Eco-Technology Co., Ltd., a company
legally incorporated under the laws of People’s Republic of China, and its parent company, Newater Technology, Inc.
having a mailing address at 1 Ruida Road, Laishan Economic Development Zone, Yantai City, Shandong Province, acting and represented
herein by Mr. Yuebiao Li, Legal Representative, declaring duly authorized, (hereinafter called the
“COMPANY”)

 

AND:  Yuebiao Li, residing at Taiwan Village,
Yantai City (hereinafter called the “EMPLOYEE “)

 

(COMPANY and EMPLOYEE hereinafter collectively called “Parties”)

 

WHEREAS:

 

COMPANY requires the services of EMPLOYEE as Chief Executive Officer
(CEO);

 

EMPLOYEE agreed to provide COMPANY his full-time services as CEO;

 

the Parties wish to confirm their agreement in writing;

 

the Parties have the capacity and quality of exercise all the rights
necessary for the conclusion and implementation of the agreement found in this Contract;

 

THEREFORE THE FOREGOING, THE PARTIES AGREE AS FOLLOWS:

 

1. Employment

 

EMPLOYEE agrees to assume full-time for COMPANY (minimum of forty
(40) hours per week) the role of CEO during the entire duration of the Contract;

 

2. Term

 

This Contract is for a term of 36 months, namely from 1st November
2020 to 31th October 2023, and it is terminated upon expiration of the term unless the Parties enter into a new employment contract
prior to its expiration.

 

3. Responsibilities

 

EMPLOYEE agrees and undertakes to COMPANY to the following: The
services must be made full time in a professional manner, according to the rules generally accepted by industry.

 

3.1 Shall be subject to regulatory oversight of the Board, in representation
of the COMPANY and take overall responsibility for the operational management and financial management of the COMPANY, to ensure
the safety of operation, effective management and the preservation and appreciation of assets.

 

3.2 Shall be strictly compliance with laws, regulations and financial
and accounting system, drafting plans on the establishment of the COMPANY’s internal management departments and basic management
system of the COMPANY.

 

3.3 Unless agreed by the Board, shall not make change to the legal
representative, company name, business scope of the company.

 

    

     

    

3.4 Unless agreed by the Board, shall not dispose the property of
the COMPANY, including but not limited to transfer, selling off, mortgaging, pledge, leasing or giving out.

 

3.5 If the COMPANY needs to ask for a loan, consent of the Board
shall be made.

 

3.6 Shall not provide external guarantee in the name of the COMPANY.

 

3.7 Shall regularly submit factual financial reports to the Board.

 

3.8 Deciding on the hiring or dismissing of the persons-in-charge
other than those who shall be decided by the Board.

 

3.9 Performing other responsibility granted by the articles of association
or the Board.

 

4. CONSIDERATION

 

4.1 Service Awards

 

In consideration of the provision of services, COMPANY to pay EMPLOYEE,
as compensation;

 

The gross amount of RMB 1,626,000 annually calculated at the rate
of twelve (12) equal monthly installments consecutively of RMB 135,500 each.

 

4.2 Expenditure incurred

 

COMPANY will reimburse EMPLOYEE all reasonable expenses incurred
in connection with this Contract, upon presentation of appropriate documentation. The date of reimburse EMPLOYEE shall be the 20th of
each month.

 

4.3 Bonus

 

Executive will be eligible to receive an annual bonus based on annual
profit of COMPANY, according to the resolution of board of directors. The board of directors shall have the sole discretion to
determine whether Executive is entitled to any such bonus and to determine the amount of any such bonus.

 

5. Commitment to confidentiality and nondisclosure

 

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

 

5.1 keep confidential and not disclose the information;

 

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

 

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

 

    1

     

    

6. Exclusivity of service provider

 

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

 

7. Termination of Contract

 

Either party may terminate this Contract at any time, upon presentation
of a sixty (60) days notice given to the other party.

 

8. GENERAL PROVISIONS

 

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

8.1 Force Majeure

 

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

 

8.2 Severability

 

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

 

8.3 Notices

 

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

 

8.4 No Waiver

 

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

 

8.5 Contract Amendment

 

This Contract may be amended only by a writing signed by both Parties.

 

9. Applicable Laws and Election of domicile

 

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

 

The Parties agree to elect domicile in the judicial district of Yantai
City, Shandong Province, China, and chose it as the appropriate district to hear any claim arising from the interpretation,
application, and performance, the entry into force, validity and effect of this Contract.

 

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10. Currencies

 

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

 

11. Effectiveness and Copies

 

This Contract will come into force upon signature and seal by both
Parities. This Contract is made in duplicate and both are of equally binding force. The COMPANY and the EMPLOYEE each holds one
copy.

 

IN THE CITY OF YANTAI, SHANDONG PROVINCE. 

 

 

Newater Technology, Inc.

 

	Newater Technology, Inc.	 
	(Seal)	 

 

 

 

    3

     

    

 

Yantai Jinzheng Eco- Technology Co., Ltd.

 

	Yantai Jinzheng Eco-Technology Co., Ltd.	 
	(Seal)	 

 

  

 

Yuebiao Li

	
         

        

        /s/ Yuebiao Li
	 
	(Signature)	 

 

Date: October 27, 2020

 

 

 

    4Exhibit 10.2

 

 

Employment Contract – Zhuo Zhang

 

BETWEEN: Yantai Jinzheng Eco-Technology Co., Ltd., a company
legally incorporated under the laws of People’s Republic of China, and its parent company, Newater Technology, Inc., a
company legally incorporated under the laws of the British Virgin Islands, both having a mailing address at 1 Ruida Road, Laishan
Economic Development Zone, Yantai City, Shandong Province, acting and represented herein by Mr. Yuebiao Li, Legal
Representative, declaring duly authorized, (hereinafter called the "COMPANY")

 

AND:  Zhuo Zhang, residing at No 24-5 of
Dongfeng Li, Zhifu District, Yantai City. (hereinafter called the “EMPLOYEE ")

 

(COMPANY and EMPLOYEE hereinafter collectively called "Parties")

 

WHEREAS:

 

COMPANY requires the services of EMPLOYEE as Chief Financial Officer
(CFO);

 

EMPLOYEE agreed to provide COMPANY his full-time services as CFO;

 

the Parties wish to confirm their agreement in writing;

 

the Parties have the capacity and quality of exercise all the rights
necessary for the conclusion and implementation of the agreement found in this Contract;

 

THEREFORE THE FOREGOING, THE PARTIES AGREE AS FOLLOWS:

 

1. Employment

 

EMPLOYEE agrees to assume full-time for COMPANY (minimum of forty
(40) hours per week) the role of CFO during the entire duration of the Contract;

 

2. Term

 

This Contract is for a term of 36 months, namely from 1st November
2020 to 31th October 2023, and it is terminated upon expiration of the term unless the Parties enter into a new employment contract
prior to its expiration.

 

3. Responsibilities

 

EMPLOYEE agrees and undertakes to COMPANY to the following: The
services must be made full time in a professional manner, according to the rules generally accepted by industry.

 

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

 

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

 

    

     

    

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

 

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

 

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

 

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

 

4. CONSIDERATION

 

4.1 Service Awards

 

In consideration of the provision of services, COMPANY to pay EMPLOYEE,
as compensation;

 

The gross amount of RMB 1,626,000 annually calculated at the rate
of twelve (12) equal monthly installments consecutively of RMB 135,500 each.

 

4.2 Expenditure incurred

 

COMPANY will reimburse EMPLOYEE all reasonable expenses incurred
in connection with this Contract, upon presentation of appropriate documentation. The date of reimburse EMPLOYEE shall be the 20th of
each month.

 

4.3 Bonus

 

Executive will be eligible to receive an annual bonus based on annual
profit of COMPANY, according to the resolution of board of directors. The board of directors shall have the sole discretion to
determine whether Executive is entitled to any such bonus and to determine the amount of any such bonus.

 

5. Commitment to confidentiality and nondisclosure

 

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

 

5.1 keep confidential and not disclose the information;

 

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

 

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

 

6. Exclusivity of service provider

 

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

 

 

    1

     

    

7. Termination of Contract

 

Either party may terminate this Contract at any time, upon presentation
of a sixty (60) days notice given to the other party.

 

8. GENERAL PROVISIONS

 

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

 

8.1 Force Majeure

 

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

 

8.2 Severability

 

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

 

8.3 Notices

 

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

 

8.4 No Waiver

 

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

 

8.5 Contract Amendment

 

This Contract may be amended only by a writing signed by all Parties.

 

9. Applicable Laws and Election of domicile

 

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

 

The Parties agree to elect domicile in the judicial district of Yantai
City, Shandong Province, China, and chose it as the appropriate district to hear any claim arising from the interpretation,
application, and performance, the entry into force, validity and effect of this Contract.

 

10. Currencies

 

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

 

    2

     

    

11. Effectiveness and Copies

 

This Contract will come into force upon signature and seal by both
Parities. This Contract is made in duplicate and both are of equally binding force. The COMPANY and the EMPLOYEE each holds one
copy.

 

 

 

IN THE CITY OF YANTAI, SHANDONG PROVINCE.

 

 

Newater Technology, Inc.

 

	Newater Technology, Inc.	 
	(Seal)	 

 

 

    3

     

    

 

Yantai Jinzheng Eco-Technology Co., Ltd.

         

Yantai Jinzheng Eco-Technology Co., Ltd.

(Seal)

 

 

	
        

        Zhuo Zhang
	 
	 	 
	/s/ Zhuo Zhang	 
	(Signature)	 
	 	 
	Date: October 27, 2020	 

 

 

    4

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