Document:

Exhibit 10.11

 

EMPLOYMENT
contract

 

Company:

 

	Name of Employer:	Puhui Wealth Investment Management (Beijing) Co.,Ltd.
	 	 
	Legal Address:	Rm.1002,W3,Oriental               Plaza,No.1,East                chang’an Avenue,Dongcheng District,Beijing,PRC.
	 	 
	Legal Representative:	Ji Zhe

 

Employee:

 

	Name of Employee:	Long Yan
	 	 
	ID Card No/Passport No.:	230605197303171026
	 	 
	Domicile:	Rm. 601,No.165 Mudanjiang St,Pudong New District, Shanghai

 

This Contract is made and entered into
by and between Long Yan (hereinafter the “Employee”) and Puhui Wealth Investment Management (Beijing) Co.,Ltd (hereinafter
the “Company”) on Beijing.

 

The Company and the Employee (individually,
the “Party”, collectively, the “Parties”) enter into this Contract and establish employment
relations on the basis of equal and voluntary agreement and in accordance with the Labor Contract Law of the People’s Republic
of China (hereinafter “China” or the “PRC”) and the provisions of other relevant laws and
regulations.

 

		1.	TERM OF CONTRACT

 

		1.1	The Parties agree that this Contract shall be a fixed term labour
contract, and, The term of the contract shall start on September 4th, 2017 and shall expire on September 3rd, 2020 
..This labor contract shall take effect from [  subject to Article 1.2 and Article 6 herein.]

 

		1.2	The Employee’s employment is conditional upon the truthful
representation of the Employee’s background, education, qualifications, employment, and experiences. In the event that the
Employee, in order to be employed by the Employer, has made any material misrepresentation, used falsified documents, or failed
to provide relevant proof and certificates required under the hiring procedures or failed to disclose any material information
of the Employee including without limitation such Employee’s medical history of serious illness, and the Employer may deem such
act as fraud under relevant laws and regulations and/or that the hiring requirements have not been met and in such event, the Employer
may terminate this Contract. 

 

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		2.	JOB DESCRIPTION

 

		2.1	The Company agrees to employ the Employee in the position of Chief
Financial Officer  executive director, or, other position(s) to be reasonably designated by the Company from time to time.

 

		2.2	While employed by the Company, the Employee will devote his or her
entire business time and attention to developing and improving the business and best interests of the Company and its affiliated
companies and will carry out to the best of his or her ability such duties, tasks and responsibilities as the Company and its affiliated
companies may request of or assign to the Employee from time to time. 

 

		3.	REMUNERATION

 

		3.1	Starting base salary of the Employee (which includes all allowances,
subsidies and any other kind of welfare incomes payable under relevant laws and regulations) will be _RMB50000 (gross) .Staff
will be paid last month’s salary on the 10th of this month.

 

		3.2	The Company reserves the rights to make reasonable adjustment(s)
or change(s) to the position of the Employee based on the actual needs of the Company and the Employee’s performance, and
the rights to adjust or change the Employee’s base salary accordingly. The Company will communicate with the Employee for
the reasons of such adjustment/change before it being made. 

 

		3.3	The Company will contribute, for benefit of the Employee, to social
insurance funds and the housing fund, if any, as required under the law. The portion to be contributed by the Employee will be
withheld by the Company from Employee’s monthly salary and deposited in the relevant social insurance funds and the housing
fund, if any. 

 

		3.4	The Employee shall pay individual income tax as required by law.
The Company shall, according to law, withhold the individual income tax from the Employee’s monthly salary to pay to relevant
tax authority on behalf of the Employee.

 

		4.	EMPLOYMENT PROTECTION AND CONDITION

 

		4.1	The Company provides safe and clean working environment in accordance
with relevant laws and regulations. If there is any danger or special risks in relation to the working environment of the Employee,
the Company will take specific protective measures, and provide specific training to the Employee.

 

		4.2	The Company will, based on the actual status of the Employee’s
position, provide necessary working condition and labor protection articles for use in accordance with relevant laws and company
policies.

 

		5.	BENEFITS AND VACATION

 

The Employee will be subject
to, and enjoy the benefits of, Company rules and policies, which may from time to time be amended and made available to all affected
employees. The Employee will be entitled to paid annual leave pursuant to the Employee Manual adopted by Company which shall be
in line with the relevant laws and regulations.

 

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		6.	PHYSICAL EXAMINATION 

 

This Employment Contract is contingent
upon successful completion of a physical examination of the Employee, to the extent required by the Company, before employment.

 

		7.	CONFIDENTIAL INFORMATION AND Invention Assignment Agreement

 

The
Employee acknowledges that he is and will continue to be exposed to confidential information of the Company due to his position
and for protection of the Company’s confidential information and intellectual properties, the Employee agrees to enter into
an additional Confidential Information and Invention Assignment Agreement with the
Company in form and substance as set forth in Appendix I attached hereto.

 

		8.	NON-COMPETITION And NON-SOLICITATION 

 

		8.1	NON-COMPETITION

 

The Employee hereby acknowledges
that the Company’s business is highly competitive and agrees to enter into an additional NON-COMPETITION AGREEMENT with the
Company in form and substance as set forth in Appendix II hereto.

 

		8.2	NON-SOLICITATION

 

The
Employee agrees that, during the term of his employment with the Company and for a period of twenty-four (24) months immediately
following the termination of his employment relationship with the Company for any reason, whether with or without cause, he shall
not either directly or indirectly solicit, induce, recruit or encourage any employees of the Company or its affiliated companies
to leave their employment, or take away such employees, or attempt to solicit, induce, recruit, encourage or take away employees
of the Company or its affiliated companies and/or any suppliers, customers or consultants of the Company or its affiliated companies,
either for himself or for any other person or entity.

 

		9.	Conflict of interest Guidelines

 

The Employee agrees to diligently
adhere to the Conflict of Interest Guidelines attached as Exhibit III hereto.

 

		10.	Employment Period

 

If,
during the employment with the Company, the Company provides the Employee with special training expenses or specific technology
trainings, and if the employment with the Company is terminated prior to the term of employment agreed with the Company, the Employee
shall compensate the Company the training expenses proportional to the remaining period for services yet to be provided.

 

		11.	MODIFICATION, TERMINATION AND EXPIRATION OF THE LABOR CONTRACT

 

		11.1	The Company maintains the right to terminate this Contract and dismiss
the Employee without prior notice under any of the following circumstances:

 

		(a)	when the Employee does not meet the conditions for employment during the probationary period;

 

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		(b)	the Employee is held criminally or administratively liable in accordance with the relevant laws
or administrative regulations;

 

		(c)	when the Employee commits a serious breach of labor discipline or of the rules or policies or ethical
code of the Company (“Company Rules”); such Company Rules will be sent to employees in the form of email notification
or announcement and updated from time to time according to the actual situation of the company

 

		(d)	when the Employee is negligent or is involved in improper financial dealings, thus causing serious
harm to the interests of the Company;

 

		(e)	when the Employee is concurrently involved in any employment relationship with any other employer,
which causes severe effect on the performance of his/her own duties to the Company, or refuses to make correction in a fixed term
as required by the Employer; or

 

		(f)	when this Contract is deemed invalid due to circumstances under Article 1.2 and Article 8 of this
Contract, or because this Contract was entered into with fraud of the part of Employee.

 

		11.2	The Company maintains the right to terminate this Contract in accordance
with relevant PRC laws and regulations prior to the expiration date of this Contract by giving to the Employee a thirty (30) day
written notice or compensation of one (1) month in lieu of such notice under any of the following circumstances:

 

		(a)	when, due to illness or non-work-related injuries, the Employee is unable to perform his or her
original duties or is unable to perform appropriate alternative duties when a statutory medical treatment period has ended;

 

		(b)	when the Employee is incompetent in performing his or her duties, provided that training has been
provided to the Employee or adjustments have been made to the Employee’s position;

 

		(c)	when there are changes in the circumstances which were relied upon by the Parties at the time of
signing, causing this Contract impossible to perform, and the two Parties are unable to negotiate and agree upon any amendments
to this Contract;

 

		(d)	when the Company encounters serious operational difficulties and lay off employees in accordance
with law.

 

		11.3	The Employee may terminate this Contract after giving a thirty (30)-day
prior written notice to the Company.

 

		11.4	If any of the circumstances under Article 11.1 of this Contract occurs,
the Company is entitled to terminate the employment with the Employee without prior written notice.

 

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		12.	LABOR DISPUTES

 

Labor disputes under this Contract
shall be resolved as follows:

 

		(a)	consultation between the Employee and the Company;

 

		(b)	if no resolution is made through consultation within thirty (30) days, the dispute shall be settled
with the Beijing Arbitration Commission

 

		(c)	In case either party is not satisfied with the arbitral award, it may file a law suit with the
competent People’s Court within fifteen (15) days from receipt of the arbitral award.

 

		13.	GOVERNING LAW

 

This Contract and the rights
and duties of the Parties hereunder shall be governed by and construed and enforced in accordance with the PRC laws, without regard
to principles of conflicts of laws.

 

		14.	MISCELLANEOUS

 

		14.1	The Employee represents that, prior to signing this Contract, the
Employee has read, fully understands and voluntarily agrees to the terms and conditions as stated above, that the Employee was
not coerced to sign this Contract, the Employee was not under duress at the time the Employee signed this Contract, that, by signing
this Contract, the Employee will not violate the terms of any other agreement previously entered by the Employee and that, prior
to signing this Contract, the Employee had adequate time to consider entering into this Contract, including, without limitation,
the opportunity to discuss the terms and conditions of this Contract, as well as its legal consequences, with an attorney of the
Employee’s choice.

 

		14.2	This Contract constitutes the entire understanding and agreement
between the Parties hereto with regard to the matters herein, and supersedes all prior communications, negotiations, and agreements
relating thereto. No modification or amendment of this Contract will be effective unless made in writing and signed by both Parties.

 

		14.3	This Contract shall be made in two originals; each Party shall hold
one original copy. 

 

[Follow by Execution Page]

 

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Execution Page

 

The Parties are signing this Employment
Contract on the date stated in the introductory clause.

 

EMPLOYER

 

Authorized Representative: ________________________

 

Executed with the Corporate Seal

 

EMPLOYEE

 

Agreed by: ________________________

 

    

     

    

 

Appendix I Confidential Information
and Invention Assignment Agreement

 

Puhui Wealth Investment Management (Beijing)
Co.,Ltd.

 

CONFIDENTIAL INFORMATION AND

INVENTION ASSIGNMENT AGREEMENT (PRC EMPLOYEES)

 

As a condition of my
employment with Puhui Wealth Investment Management (Beijing) Co.,Ltd. (the “Company” and, together with all of its
direct or indirect parent companies, subsidiaries or subsidiaries of its parent companies, collectively referred to as the “Company
Group”) and in consideration of my employment with the Company and my receipt of the compensation now and hereafter paid
to me by the Company, I agree to the following provisions of this Puhui Wealth Investment Management (Beijing) Co.,Ltd Confidential
Information and Invention Assignment Agreement (this “Agreement”):

 

1.     
Confidential Information.

 

1.1  Company Information. I agree at all times during the term of my employment and after termination, to hold
in the strictest confidence, and not to use, except for the benefit of the Company Group, or to disclose to any person, corporation
or other entity without written consent of the Company, any Confidential Information. I understand that “Confidential Information”
means any proprietary or confidential information of the Company Group, its affiliates, their clients, customers or their partners,
and the Company Group’s licensors, including, without limitation, technical data, trade secrets, research and development
information, product plans, services, customer lists and customers (including, but not limited to, customers of the Company Group
on whom I called or with whom I became acquainted during the term of my employment), supplier lists and suppliers, software, developments,
inventions, processes, formulas, technology, designs, drawings, engineering, hardware configuration information, personnel information,
marketing, finances or other business information disclosed to me by or obtained by me from the Company Group, its affiliates,
their clients, customers or their partners, and the Company Group’s licensors either directly or indirectly in writing, orally
or by drawings or observation of parts or equipment.

 

1.2 
Company Property. I understand that all documents (including computer records, facsimile and e-mail) and materials
created, received or transmitted in connection with my work or using the facilities of the Company Group are property of the Company
Group and subject to inspection by the Company Group, at any time. Upon termination of my employment with the Company (or at any
other time when requested by the Company), I will promptly deliver to the Company all documents and materials of any nature pertaining
to my work with the Company and will provide written certification of my compliance with this Agreement. Under no circumstances
will I have, following my termination, in my possession any property of the Company Group, or any documents or materials or copies
thereof containing any Confidential Information. In the event of the termination of my employment, I agree to sign and deliver
the “Termination Certification” attached hereto as Exhibit B.

 

1.3 
Former Employer Information. I agree that I will not, during my work with the Company, improperly use or disclose
any trade secrets of any other person or entity or proprietary information of any former employer or other person or entity with
which I have an agreement or duty to keep in confidence such information and that I will not bring onto the premises of the Company
Group any unpublished document or proprietary information belonging to any such employer, person or entity unless consented to
in writing by such employer, person or entity. I agree to indemnify the Company Group and hold it harmless from all claims, liabilities,
damages and expenses, including reasonable attorneys fees and costs for resolving disputes, arising out of or in connection with
any violation or claimed violation of a third party’s rights resulting from any use by the Company Group of such proprietary
information or trade secrets improperly used or disclosed by me.

 

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1.4 
Third Party Information. I recognize that the Company Group has received and in the future will receive from
third parties their confidential or proprietary information subject to a duty on the Company Group’s part to maintain the
confidentiality of such information and to use it only for certain limited purposes. I agree to hold all such confidential or proprietary
information in the strictest confidence and not to disclose it to any person, firm or corporation or to use it except as necessary
in carrying out my work for the Company consistent with the Company Group’s agreement with such third party.

 

2.     
Inventions.

 

2.1 
Inventions Retained and Licensed. I have attached hereto, as Exhibit A, a list describing all inventions,
original works of authorship, developments, improvements, trade secrets, and IC lay-out designs/mask works which were made by me
prior to my employment with the Company which belong to me, which relate to the Company Group’s proposed or current business,
products or research and development, and which are not assigned to any member of the Company Group hereunder (collectively referred
to as “Prior Inventions”); or, if no such list is attached, I represent that there are no such Prior Inventions.
I agree that I will not incorporate any Prior Inventions into any products, processes or machines of the Company Group; provided,
however, that if in the course of my employment with the Company, I incorporate into a product, process or machine of the
Company Group a Prior Invention owned by me or in which I have an interest, I represent that I have all necessary rights, powers
and authorization to use such Prior Invention in the manner it is used and such use will not infringe any right of any company,
entity or person and, in such a circumstance, each member of the Company Group is hereby granted and shall have a nonexclusive,
royalty-free, sublicensable, transferable, irrevocable, perpetual, worldwide license to make, have made, modify, use, sell and
otherwise exploit such Prior Invention as part of or in connection with such product, process or machine. I agree to indemnify
the Company Group and hold it harmless from all claims, liabilities, damages and expenses, including reasonable attorneys fees
and costs for resolving disputes, arising out of or in connection with any violation or claimed violation of a third party’s
rights resulting from any use, sublicensing, modification, transfer, or sale by the Company Group of such a Prior Invention.

 

2.2 
Assignment of Inventions. I agree that I will promptly make full written disclosure to the Company, will hold
in trust for the sole right and benefit of the Company, and hereby assign to the Company, or its designee, all my right, title,
and interest in and to any and all inventions, designs, original works of authorship, processes, formulas, computer software programs,
databases, mask works, developments, concepts, improvements or trade secrets, whether or not patentable or registrable under patent,
copyright, circuit layout design or similar laws in the People’s Republic of China (“PRC”) or anywhere
else in the world, which I may solely or jointly conceive or develop or reduce to practice or cause to be conceived or developed
or reduced to practice, during the period of time I am in the employ of the Company (whether or not during business hours) that
are either related to the scope of my employment with the Company or make use, in any manner, of the resources of the Company Group
(collectively referred to as “Inventions”). I acknowledge that the Company shall be the sole owner of all rights,
title and interest in the Inventions created hereunder. In the event the foregoing assignment of Inventions to the Company is ineffective
for any reason, each member of the Company Group is hereby granted and shall have a royalty-free, sublicensable, transferable,
irrevocable, perpetual, worldwide license to make, have made, modify, use, sell and otherwise exploit such Inventions as part of
or in connection with any product, process or machine. I also hereby forever waive and agree never to assert any and all rights
I may have in or with respect to any Inventions even after termination of my employment with the Company. I further acknowledge
that all Inventions created by me (solely or jointly with others), to the extent permitted by applicable law, are “works
made for hire” or “inventions made for hire,” as those terms may be defined in the PRC Copyright Law, the PRC
Patent Law and the Regulations on Computer Software Protection, respectively, and all titles, rights and interests in or to such
Inventions are or shall be vested in the Company.

 

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2.3 
Remuneration. I agree that the remuneration received by me pursuant to my employment agreement with the Company
includes any bonuses or remuneration which I may be entitled to under applicable PRC law for any “works made for hire,”
“inventions made for hire” or other Inventions assigned to the Company pursuant to this Agreement.

 

2.4 
Maintenance of Records. I agree to keep and maintain adequate and current written records of all Inventions.
The records will be in the form of notes, sketches, drawings, and any other format that may be specified by the Company. The records
will be available to and remain the sole property of the Company at all times.

 

2.5 
Patent and Copyright Registrations. I agree to assist the Company, or its respective designees, at the expense
of the Company, in every proper way to secure the Company’s rights in the Inventions in any and all countries, to further
evidence, record and perfect any grant or assignment by me of the Inventions hereunder and to perfect, obtain, maintain, enforce
and defend any rights so granted or assigned, including the disclosure to the Company of all pertinent information and data with
respect thereto, the execution of all applications, specifications, oaths, assignments and all other instruments which the Company
shall deem necessary in order to apply for and obtain such rights and in order to assign and convey to the Company, its successors,
assigns and nominees the sole and exclusive rights, title and interest in and to such Inventions. I further agree that my obligation
to execute or cause to be executed, when it is in my power to do so, any such instrument or papers shall continue after the termination
of this Agreement. If the Company is unable because of my mental or physical incapacity or for any other reason to secure my signature
to apply for or to pursue any application for any patents or copyright registrations covering Inventions or original works of authorship
assigned to the Company as set forth above, then I hereby irrevocably designate and appoint the Company and its duly authorized
officers and agents as my agent and attorney in fact, to act for and in my behalf and stead to execute and file any such applications
and to do all other lawfully permitted acts to further the prosecution and issuance of letters patent or copyright registrations
thereon with the same legal force and effect as if executed by me.

 

3.     
Notification of New Employer. In the event that I leave the employ of the Company,
I hereby grant consent to notification by the Company to my new employer about my rights and obligations under this Agreement.

 

4.     
Representations. I agree to execute any proper oath or verify any proper document
required to carry out the terms of this Agreement. I represent that my performance of all the terms of this Agreement will not
breach any agreement to keep in confidence proprietary information acquired by me in confidence or in trust prior to my employment
by the Company. I have not entered into, and I agree I will not enter into, any oral or written agreement in conflict herewith.

 

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5.     
Arbitration and Relief.

 

5.1  Arbitration. I AGREE THAT ANY DISPUTE OR CONTROVERSY ARISING OUT OF, RELATING TO, OR CONCERNING ANY INTERPRETATION,
CONSTRUCTION, PERFORMANCE OR BREACH OF THIS AGREEMENT, SHALL BE SUBMITTED TO THE Beijing Arbitration Commission FOR ARBITRATION.
THE ARBITRATION SHALL BE CONDUCTED IN BEIJING IN ACCORDANCE WITH THE THEN APPLICABLE ARBITRATION RULES OF BEIJING Arbitration Commission.
IF PERMITTED BY Beijing Arbitration Commission. THERE SHALL BE THREE (3) ARBITRATORS. ONE ARBITRATOR SHALL BE SELECTED BY
THE COMPANY; ONE ARBITRATOR SHALL BE SELECTED BY ME; AND THE THIRD ARBITRATOR EITHER SHALL BE ASSIGNED BY BEIJING Arbitration Commission
OR BE MUTUALLY SELECTED BY THE COMPANY AND ME. THE ARBITRATOR(S) MAY GRANT INJUNCTIONS OR OTHER RELIEF IN SUCH DISPUTE OR CONTROVERSY.
THE ARBITRATION AWARD SHALL BE FINAL, CONCLUSIVE AND BINDING ON THE PARTIES TO THE ARBITRATION. FOR THE PURPOSES OF ENFORCEMENT,
JUDGMENT MAY BE ENTERED ON THE ARBITRATION AWARD IN ANY COURT HAVING JURISDICTION. THE COMPANY AND I SHALL EACH PAY ONE-HALF OF
THE COSTS AND EXPENSES OF SUCH ARBITRATION, AND EACH OF US SHALL SEPARATELY PAY OUR COUNSEL FEES AND EXPENSES.

 

5.2 
Relief. I agree that it would be impossible or inadequate to measure and calculate the Company’s damages
from any breach of the covenants set forth herein. Accordingly, notwithstanding Section 5(a) above, I agree that if I breach (or
threaten a breach of) this Agreement, the Company will have available (to the extent allowed by applicable law), in addition to
any other right or remedy available, the right to obtain an injunction from a court of competent jurisdiction restraining such
breach or threatened breach and to specific performance of any such provision of this Agreement.

 

6.     
General Provisions.

 

6.1 
Terms and Conditions of Employment. I acknowledge that the terms and conditions of my employment with the
Company are provided for in a separate employment agreement between me and the Company and no provision of this Agreement shall
be construed as conferring upon me a right to be an employee of the Company.

 

6.2 
Governing Law. This Agreement will be governed by the laws of the PRC.

 

6.3 
Entire Agreement. This Agreement sets forth the entire agreement and understanding between the Company and
me relating to the subject matter herein and merges all prior discussions between us. No modification of or amendment to this Agreement,
nor any waiver of any rights under this Agreement, will be effective unless in writing signed by the party to be charged. Any subsequent
change or changes in my duties, salary or compensation will not affect the validity or scope of this Agreement.

 

6.4 
Waiver and Severability. The waiver of a breach of any provision of this Agreement shall not operate or be
construed as a waiver of any other or subsequent breach. If any provision of this Agreement is held to be invalid, void or unenforceable,
the remaining provisions shall nevertheless continue in full force and effect without being impaired or invalidated in any way.

 

6.5 
Successors and Assigns. This Agreement will be binding upon my heirs, executors, administrators and other
legal representatives and will be for the benefit of the Company Group, its successors, and its assigns. The Company may assign
its rights and obligations under this Agreement to a third party.

 

6.6 
Language. This Agreement may be written in the Chinese language and in the English language. In the event
there is any conflict or inconsistency between the English version and the Chinese version of this Agreement, the English version
shall prevail.

 

6.7 
Application of this Agreement. I hereby agree that my obligations set forth in Sections 1 and 2 under this
Agreement and the definitions of “Confidential Information” and “Inventions” contained therein shall be
equally applicable to any work performed by me, and any Confidential Information and Inventions relating thereto, for the Company
prior to the execution of this Agreement.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

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This Confidential Information
and Invention Assignment Agreement aremade effective as of the date on which I began my employment with the Company.

 

	 	 
	 	Signature
	 	 
	 	[  ]
	 	Employee Name (typed or printed)
	 	 
	 	[  ]
	 	Date
	 	 
	 	 
	 	Signature
	 	 
	 	[  ]
	 	Company Representative (typed or printed)
	 	 
	 	[  ]
	 	Date
	 	 
	Signature	 
	 	 
	Witness Name (typed or printed)	 
	 	 
	Date	 

 

SIGNATURE PAGE TO CONFIDENTIAL INFORMATION
AND

INVENTION ASSIGNMENT AGREEMENT (PRC EMPLOYEES)

 

 

    

     

    

 

EXHIBIT
A

LIST OF PRIOR INVENTIONS

 

	
        Title 
	
        Date 
	
        Identifying
Number

or Brief Description 

	 	 	 
	 	 	 
	 	 	 

 

	______ No inventions
or improvements 

        ______ Additional Sheets Attached

         

        Signature of Employee:
________________  

        Print Name of
Employee: _______________  

        Date: ____________

         

         

 

    

     

    

 

EXHIBIT B

Puhui Wealth Investment Management (Beijing) Co.,Ltd.

 

TERMINATION CERTIFICATION

 

This is to certify that I do not have in
my possession, nor have I failed to return, any devices, records, data, notes, reports, proposals, lists, correspondence, specifications,
drawings, blueprints, sketches, materials, equipment, other documents or property, or reproductions of any aforementioned items
belonging to Puhui Wealth Investment Management (Beijing) Co.,Ltd. (the “Company”), its subsidiaries, parent companies,
affiliates, successors or assigns (together, the “Company Group”).

 

I further certify that I have complied
with all the terms of the Company’s Confidential Information and Invention Assignment Agreement signed by me, including the
reporting of any inventions and original works of authorship (as defined therein), conceived or made by me (solely or jointly with
others) covered by that agreement.

 

I further agree that, in compliance with
the Confidential Information and Invention Assignment Agreement, I will preserve as confidential all trade secrets, confidential
knowledge, data or other proprietary information relating to products, processes, know-how, designs, formulas, developmental or
experimental work, computer programs, databases, other original works of authorship, customer lists, business plans, financial
information or other subject matter pertaining to any business of the Company Group, its affiliates or any of their employees,
clients, consultants or licensees.

 

I further agree that for twenty-four (24)
months from this date, I will not hire any employees of the Company Group and I will not solicit, induce, recruit or encourage
any of the Company Group’s employees to leave their employment.

 

	
        Date:

         
	
	 	
        

        

        (Employee’s Signature)

         

        [                   
] 

        (Type/Print Employee’s Name)

        

 

    

     

    

 

Appendix
III Non-Competition Agreement

 

PARTIES TO THE CONTRACT

 

The Parties of this Non-competition Agreement
(hereinafter the “Agreement”) are:

 

1. Puhui
Wealth Investment Management (Beijing) Co.,Ltd., with its legal address at Room 2, Floor 10, Building W3, Oriental plaza, No. 1,
Changan Street, Dongcheng District, Beijing, China (hereinafter referred to as “Party A” or the “Company”);

 

		2.	Long Yan an individual with PRC ID number
is : 230605197303171026 and residential address
is : Rm. 601,No.165 Mudanjiang St,Pudong New District,
Shanghai (hereinafter referred to as “Party B” or the “Employee”).

 

Each party is hereinafter individually
referred to as a “Party” and collectively as the “Parties”.

 

WHEREAS, Party A is a limited liability
company established in Beijing, People’s Republic of China (“PRC” or “China”) and has signed an employment
contract with Party B;

 

WHEREAS, Party A wishes to protect its
confidential information and to prevent illegal using of skills, knowledge, experience, ideas and influence obtained during Party
B’s assignment to the Company for the benefit of a competitor of Party A;

 

WHEREAS, Party B is willing to enter into
an agreement to provide such protection to the Company upon the term and conditions set forth in this Agreement.

 

NOW, the Parties agree as follows:

 

		1.	NON-COMPETITION

 

Party B
agrees that, during the term of his employment with the Company and for a period of twenty-four (24) months immediately
following the termination of his employment relationship with the Company for any reason, whether with or without good cause
or for any or no cause, he shall not, without the prior written consent of the Company, directly or indirectly (including,
without limitation, through any existing or future Affiliate (as defined below)), perform any of the following actions:

 

(a) engage in research, development, manufacture, licensing, marketing, distribution or sale of any existing or future
products or services relating to the Business(as defined below;

 

(b) have
any ownership interest in, manage, operate, control, be connected with as a stockholder (except as permitted by Section 1.2),
joint venture, officer, director, agent, representative, partner or employee of, or consultant to, or otherwise engage or
invest or participate in, the Business or any person or entity that engages in the Business in the Territory (as defined
below), or competes with the Business in the Territory;

 

 

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(c)
accept any business relating to the Business from any existing or prospective Business customer of the Company or any of its
existing or future Affiliates engaged in the Business, or solicit or knowingly encourage any such customer to terminate or
adversely alter any relationship with respect to the Business such person may have with the Company or any of its existing or
future Affiliates engaged in the Business; and

 

(d)
market, sell, distribute, endorse or promote, any products or services that are competitive with products or services of
the Business.

 

		1.1	Consistent with the foregoing provisions of Section 1.1, Employee may
own (solely as a passive investor) securities in any publicly-held corporation that may be engaged in the Business, but only to
the extent Employee does not own, of record or beneficially, an aggregate of one percent (1%) or more of the outstanding beneficial
ownership of such corporation.

 

		1.2	“Affiliate”, as used herein, means, with respect to any
person or entity, any person or entity directly or indirectly controlling, controlled by or under direct or indirect common control
with such other person or entity.

 

		1.3	“Business”, as used herein, includes, (i) all past and
current products and services sold or provided by the Company or any of its Affiliates, (ii) all products and services sold or
provided by the Company or any of its Affiliates, and (iii) all products under development by the Company or any of its Affiliates.

 

		1.4	“Territory”, as used herein, means the People’s
Republic of China.

 

		1.5	Subject to Party B’s full compliance with this Agreement, the
Company shall pay to Party B a monthly compensation of one fifth of the base salary as listed in Article 3.1 of the Employment
Contract until the earlier of (i) the end of the Non-Competition Period, and (ii) the date on which the Company decides not to
enforce this Agreement by notifying Party B in writing thereof.

 

		2.	REMEDIES

 

Party B acknowledges and agrees
that any actual or threatened breach of any of the provisions may cause irreparable harm to Party A. Party A shall be entitled
to seek all applicable relief and remedies for a breach by Party B including, but not limited to, specific performance of any provision
of this Agreement, damages and / or injunctive relief including (without limitation) an injunction to restrain Party B or others
from using or disclosing, in whole or in part, directly or indirectly, any Confidential Information.

 

		3.	REPRESENTATIONS

 

Party B represents that he/she:

 

		(i)	is familiar with the covenants to keep confidential, not to compete
and not to solicit set forth in this Agreement,

 

    2

     

    

 

		(ii)	is fully aware of his or her obligations hereunder, including, without
limitation, the length of time, scope and geographic coverage of these covenants,

 

		(iii)	finds the length of time, scope and geographic coverage of these
covenants to be reasonable, and

 

		(iv)	is receiving specific, bargained-for consideration for his or her
covenants not to compete and not to solicit.

 

		4.	GOVERNING LAW

 

This Agreement and the rights
and duties of the Parties hereunder shall be governed by and construed and enforced in accordance with the PRC laws, without regard
to principles of conflicts of laws.

 

		5.	AMENDMENTS

 

This Agreement shall not be changed
or modified in whole or in part except by an instrument in writing signed by each Party hereto.

 

		6.	WAIVER

 

Failure of any Party to enforce
any of its terms, provisions or covenants shall not be construed as a waiver of the same or of the right of such Party to enforce
the same. Waiver by any Party of any breach or default by any other Party of any term or provision of this Agreement shall not
operate as a waiver of any other breach or default.

 

		7.	SEVERABILITY

 

In the event that any one or
more of the provisions of this Agreement shall be held to be invalid, illegal or unenforceable, the validity, legality and enforceability
of the remainder of the Agreement shall not in any way be affected or impaired thereby. Moreover, if any one or more of the provisions
contained in this Agreement shall be held to be excessively broad as to duration, activity or subject, such provisions shall be
construed by limiting and reducing them so as to be enforceable to the maximum extent allowed by applicable law.

 

		8.	EFFECTIVE DATE

 

This Agreement shall become effective
once signed by both Parties.

 

		9.	COUNTERPARTS

 

This Agreement may be executed
in several counterparts, each of which shall be an original, but all of which together shall constitute one and the same agreement.

 

    3

     

    

 

Execution Page of Appendix III

 

The Parties are signing this Agreement
as Appendix III of Employment Contract on the date stated in the introductory clause.

 

	
        Party A:

         
	 	
        Party B:

         

	
        

         

        Signed by Authorized Representative
	 	
        

         

        Signed by Employee

        

  

    4

     

    

 

Appendix
IV

 

Puhui
Wealth Investment Management (Beijing) Co.,Ltd.

 

CONFLICT
OF INTEREST GUIDELINES

 

It is the policy of Puhui Wealth Investment
Management (Beijing) Co.,Ltd., a limited liability company established under the laws of People’s Republic of China (the
“Company”) and its subsidiaries, parent companies, affiliates, successors or assigns (together, the “Company Group”)
to conduct its affairs in strict compliance with the letter and spirit of the law and to adhere to the highest principles of business
ethics. The following are potentially compromising situations which must be avoided. Any exceptions must be reported to the board
of directors of the Company and written approval from the board of directors for continuation must be obtained.

 

		1.	Revealing confidential information to any third party
or misusing confidential information. Unauthorized divulging of information is a violation of this policy whether or not for personal
gain and whether or not harm to the Company is intended. (The Confidential Information and Invention Assignment elaborates on
this principle and is a binding agreement.)

 

		2.	Accepting or offering substantial gifts, excessive entertainment,
favors or payments which may be deemed to constitute undue influence or otherwise be improper or embarrassing to the Company.

 

		3.	Participating in civic or professional organizations
that might involve divulging confidential information of the Company.

 

		4.	Initiating or approving any form of personal or social
harassment of employees.

 

		5.	Investing or holding outside directorships in suppliers,
customers or competing companies, including financial speculation, where such investment of directorship might influence in any
manner a decision or course of action of the Company,

 

		6.	Borrowing from or lending to employees, customers or
suppliers.

 

		7.	Contracting with relatives or personal friends for providing
services, goods or consulting to the Company.

 

		8.	Improperly using or disclosing to the Company any proprietary
information or trade secrets of any former or concurrent employer or other person or entity with whom obligations of confidentiality
exist.

 

		9.	Unlawfully discussing prices, costs, customers, sales
or markets with competing companies or their employees.

 

		10.	Making any unlawful agreements with distributors with
respect to prices.

 

		11.	Improperly using or authorizing the use of any inventions
which are the subject of patent claims of any other person or entity.

 

		12.	Engaging in any conduct which is not in the best interest
of the Company. Each officer, employee and independent contractor must take every necessary action to ensure compliance with these
guidelines and to bring problem areas to the attention of higher management for review. Violations of this conflict of interest
policy may result in immediate discharge.

 

I have read, understood and accepted the
provisions of this document.

 

	 	 
	 	 
	Signed by Employee	 

 

-
                                                                                 1 -Exhibit 10.1

 

ORIGINCLEAR,
INC.

RESTRICTED
STOCK AWARD AGREEMENT

 

This
Restricted Stock Award Agreement (the “Agreement”) is made and entered into as of , (the “Effective Date”)
by and between OriginClear, Inc., a Nevada corporation (the “Company”), and the person named below (the “Grantee”).

 

	Grantee:	 	 
	Address:	 	 
	 	 	 
	Total Number of Shares to Be Granted:	 	 
	Fair Market Value of Shares on Effective
    Date:	 	 

1.       Grant
of Restricted Stock. The Board of Directors of the Company, hereby awards to the Grantee, effective as of the Effective
Date, the number of shares (the “Shares”) of common stock, par value $0.0001 per share, set forth above as
restricted stock (the “Restricted Stock”) on the following terms and conditions. As used in this Agreement,
the term “Shares” shall mean shares of Restricted Stock granted under this Agreement, and all securities received
(i) in replacement of the Shares, (ii) as a result of stock dividends or stock splits with respect to the Shares, (iii) in replacement
of the Shares in a merger, recapitalization, reorganization or similar corporate transaction; and (iv) pursuant to an adjustment
to the number of Shares issuable on any vesting date by virtue of Section 2.6 of this Agreement.

 

2.       Eligibility
for Vesting and Issuance. The Shares of Restricted Stock shall become eligible for vesting, and shall vest and be issued
to the Grantee, upon the satisfaction of the conditions set forth in Section 2.1 and 2.2 of this Agreement. The Restricted Shares
are forfeitable as set forth in Section 2.3 and Section 2.4 of this Agreement.

 

2.1       Schedule
of Company Performance Goals. Shares of Restricted Stock shall become eligible for vesting (the “Eligible Restricted
Shares”) for each Company Performance Goal attained as follows:

 

	Restricted Shares	Company Performance Goals
	50 %	
        The Company’s consolidated gross revenue,
        calculated in accordance with generally accepted accounting principles, consistently applied, equals or exceeds $15,000,000 for
        the trailing twelve-month period as reported in the Company’s quarterly or annual financial statements filed with the U.S.
        Securities and Exchange Commission (“SEC Reports”)

         

	50 %	The Company’s consolidated operating profit (Operating Profit = Operating Revenue - Cost of Goods Sold - Operating Expenses - Depreciation & Amortization), calculated in accordance with generally accepted accounting principles, consistently applied, equals or exceeds $1,500,000 for the trailing twelve-month period as reported in the Company’s SEC Reports.

 

    	 		 

     

    

 

2.2Vesting and
Issuance of Eligible Restricted Shares. After a Company Performance Goal is achieved, as described in Section 2.1, Eligible
Restricted Shares may become vested (“Vested Shares”) and issued as follows:

 

(a) If the Company
is acquired in a transaction in which the Company’s common stockholders, on a fully diluted basis, receive consideration
in the form of cash and/or marketable securities traded on a national securities exchange or market in excess of $20,000,000 (a
“Transaction”), then the Eligible Restricted Shares shall be vested and issued at the closing of the Transaction;
provided, however, that if reasonably necessary to close the Transaction, the Grantee shall tender the Shares in exchange for the
consideration offered to the Company’s common stockholders in such Transaction; or

 

(b) If the Company’s
shares are uplisted to a national securities exchange (as defined below), then one year after the uplisting, the number of Eligible
Restricted Shares that may be vested and issued shall equal, but not exceed the following amounts each three-month period:

 

		(i)	If the Company’s shares are subsequently delisted and quoted on the over-the-counter market,
including the OTCQB, 1% of the shares of common stock outstanding as shown by the most recent SEC Report published by the Company,
or

 

		(ii)	If the Company’s shares are traded on a national securities exchange, the greater of (b)(i)
and the average weekly reported volume of trading in the common stock on a national securities exchange during the previous four
calendar weeks,.

 

For the purpose of
this Agreement, a “national securities exchange” shall mean the NASDAQ Capital Market, the NASDAQ Global Market, the
NASDAQ Global Select Market, the NYSE MKT or the NYSE and any successor to the foregoing.

 

Upon written agreement
between the Company and the Grantee, the terms and conditions of vesting and issuance in this Section 2.2 may be modified in whole
or in part. The Company and Grantee acknowledge that modifying the terms and conditions of vesting may result in adverse tax consequences
and agree to seek counsel from their respective tax advisors before agreeing to any modifications.

 

2.3       Forfeiture.
The Grantee shall forfeit all vesting rights for any Eligible Restricted Shares that have not vested within ten (10) years of the
Effective Date.

 

2.4Termination.
The Grant of Shares of Restricted Stock hereunder will not confer upon the Grantee any right to continue in service with the Company
or any of its subsidiaries or affiliates. If the Grantee ceases to provide any services to the Company or its affiliates as officer,
director, employee or consultant, for any reason before the date that the Company Performance Goals have been met (the “Termination
Date”), then the Shares of Restricted Stock associated with the unmet Company Performance Goals as of the date of such Termination
Date shall immediately be forfeited as of the Termination Date. The Eligible Restricted Shares associated with any Company Performance
Goals met prior to the Termination Date shall continue to vest in accordance with Sections 2.2 of this Agreement.

 

    	 	2	 

     

    

2.5       Title to Shares.
The exact spelling of the name(s) under which Grantee shall take title to the Shares is:

Grantee desires to
take title to the Shares as follows:

[ ]Individual,
as separate property

[ ]Husband and
wife, as community property

[ ]Joint Tenants

2.6       Anti-Dilutive
Adjustment to Number of Vested Shares. The Company agrees that if the Fair Market Value of the Company’s common stock
on the date the Shares are vested (the “Vesting Date”) is less than the Fair Market Value of the Company’s common
stock on the Effective Date, then the number of Vested Shares issuable (assuming all conditions are satisfied) shall be increased
so that the aggregate Fair Market Value of Vested Shares issuable on the Vesting Date equals the aggregate Fair Market Value that
such number of Shares would have had on the Effective Date. The “Fair Market Value” shall equal the average
of the trailing ten (10) closing trade prices of the Company’s common stock on the last ten (10) trading days of the month
immediately prior to the date of determination as quoted on the public securities trading market on which the Company’s common
stock is then traded; provided, that if the Company’s common stock is not then publicly trading or quoted, Fair Market Value
shall be determined by the Company’s Board of Directors in good faith.

2.7       Restrictions
on Resale of Shares. For the purpose of any transfer or sale of any Shares issuable under this Agreement whether under Rule
144 promulgated under the Securities Act, a registration statement under Form S-8 or any other basis, notwithstanding anything
contained herein, the number of Shares that may be transferred or sold shall not exceed the following amounts within any three
month period: (i) if the Company’s shares are quoted on the over-the-counter market, including the OTCQB, 1% of the shares
of common stock outstanding as shown by the most recent SEC Report published by the Company, , or (ii) if the Company’s shares
are traded on a national securities exchange, the greater of clause (i) and the average weekly reported volume of trading in the
common stock on a national securities exchange during the four calendar weeks immediately preceding the transfer or sale.

2.8 Vesting on
a Change in Control. Upon a Change in Control, the Restricted Stock shall automatically become fully vested.

As used in this Section, “Change in Control” shall be deemed to have occurred if:

 

	 	(i)	a tender offer (or series of related offers) shall be made and consummated for the ownership of 50% or more of the outstanding voting securities of the Company, unless as a result of such tender offer more than 50% of the outstanding voting securities of the surviving or resulting corporation shall be owned in the aggregate by the stockholders of the Company (as of the time immediately prior to the commencement of such offer), any employee benefit plan of the Company or its subsidiaries, and their affiliates;
	 	 	 
	 	(ii)	the Company shall be merged or consolidated with another entity, unless as a result of such merger or consolidation more than 50% of the outstanding voting securities of the surviving or resulting entity shall be owned in the aggregate by the stockholders of the Company (as of the time immediately prior to such transaction), any employee benefit plan of the Company or its subsidiaries, and their affiliates;
	 	 	 
	 	(iii)	the Company shall sell substantially all of its assets to another entity that is not wholly owned by the Company, unless as a result of such sale more than 50% of such assets shall be owned in the aggregate by the stockholders of the Company (as of the time immediately prior to such transaction), any employee benefit plan of the Company or its subsidiaries and their affiliates; or
	 	 	 
	 	(iv)	a Person (as defined below) shall acquire 50% or more of the outstanding voting securities of the Company (whether directly, indirectly, beneficially or of record), unless as a result of such acquisition more than 50% of the outstanding voting securities of the surviving or resulting corporation shall be owned in the aggregate by the stockholders of the Company (as of the time immediately prior to the first acquisition of such securities by such Person), any employee benefit plan of the Corporation or its Subsidiaries, and their affiliates.

  

    	 	3	 

     

    

 

For
purposes of this Section, ownership of voting securities shall take into account and shall include ownership as determined by applying
the provisions of Rule 13d-3(d)(I)(i) (as in effect on the date hereof) under the Exchange Act. In addition, for such purposes,
“Person” shall have the meaning given in Section 3(a)(9) of the Exchange Act, as modified and used in Sections 13(d)
and 14(d) thereof; provided, however, that a Person shall not include (A) the Company or any of its subsidiaries; (B)
a trustee or other fiduciary holding securities under an employee benefit plan of the Company or any of its subsidiaries; (C) an
underwriter temporarily holding securities pursuant to an offering of such securities; or (D) a corporation owned, directly or
indirectly, by the stockholders of the Company in substantially the same proportion as their ownership of stock of the Company.

 

3.       Representations and Warranties of Grantee.
Grantee represents and warrants to the Company that:

3.1       Agrees to Terms of this
Agreement. Grantee has received a copy of this Agreement, has read and understands the terms of this Agreement, and agrees
to be bound by its terms and conditions.

3.2       Access to Information.
Grantee has had access to all information regarding the Company and its present and prospective business, assets, liabilities and
financial condition that Grantee reasonably considers important in making the decision to acquire the Shares, and Grantee has had
ample opportunity to ask questions of the Company's representatives concerning such matters and this investment.

3.3       Understanding of Risks.
Grantee is fully aware of: (i) the highly speculative nature of the investment in the Shares; (ii) the financial hazards involved;
(iii) the qualifications and backgrounds of the management of the Company; and (iv) the tax consequences of investment in the Shares.
Grantee is capable of evaluating the merits and risks of this investment, has the ability to protect Grantee's own interests in
this transaction and is financially capable of bearing a total loss of this investment. Grantee acknowledges that Grantee will
consult with a tax advisor regarding the income tax consequences of the grant of the Shares, the vesting of the Shares and any
other matters related to this Agreement. In order to comply with all applicable federal, state or local income tax laws or regulations,
the Company may take such action as it deems appropriate to ensure that all applicable federal, state or local payroll, withholding,
income or other taxes, which are Grantee’s sole and absolute responsibility, are withheld or collected from Grantee.

4.       Restrictions
on Transfer. Until the Shares of Restricted Stock vest in accordance with the terms herein, the Grantee shall not transfer
the Grantee’s rights to such Shares of Restricted Stock or any rights related thereto.  Any attempt to transfer unvested
Shares of Restricted Stock or any rights related thereto, whether by transfer, pledge, hypothecation or otherwise and whether voluntary
or involuntary, by operation of law or otherwise, shall not vest the transferee with any interest or right in or with respect to
such Shares of Restricted Stock or such related rights.

5.       Market Standoff Agreement.
Grantee agrees in connection with any registration of the Company's securities that, upon the request of the Company or the underwriters
managing any public offering of the Company's securities, Grantee shall not sell or otherwise dispose of any Eligible Restricted
Shares without the prior written consent of the Company or such underwriters, as the case may be, for such period of time (not
to exceed one hundred eighty (180) days) after the effective date of such registration requested by such underwriters and subject
to all restrictions as the Company or the underwriters may specify. Grantee further agrees to enter into any agreement reasonably
required by the underwriters to implement the foregoing.

6.       Rights as a Stockholder.
Subject to the terms and conditions of this Agreement, Grantee shall have all of the rights of a stockholder of the Company with
respect to the Shares after the Shares of Restricted Stock vest and until such time as Grantee disposes of the Shares.

 

7.       Tax Consequences.
GRANTEE UNDERSTANDS THAT GRANTEE MAY SUFFER ADVERSE TAX CONSEQUENCES AS A RESULT OF GRANTEE'S ACQUISITION OR DISPOSITION OF THE
SHARES. GRANTEE REPRESENTS (i) THAT GRANTEE HAS CONSULTED WITH A TAX ADVISER THAT GRANTEE DEEMS ADVISABLE IN CONNECTION WITH THE
ACQUISITION OR DISPOSITION OF THE SHARES AND (ii) THAT GRANTEE IS NOT RELYING ON THE COMPANY FOR ANY TAX ADVICE.

 

8.       Compliance with Laws and Regulations.
The issuance and transfer of the Shares of Restricted Stock shall be subject to and conditioned upon compliance by the Company
and Grantee with all applicable state and federal laws and regulations and with all applicable requirements of any stock exchange
or automated quotation system on which the Company's common stock may be listed or quoted at the time of such issuance or transfer.
Any certificate of Restricted Stock issued to the Grantee shall contain a legend stating that it is subject to transfer restrictions
and other restrictions as the Company may deem reasonably advisable pursuant to the rules, regulations, and other requirements
of the U.S. Securities and Exchange Commission, any stock exchange upon which such Restricted Stock is listed, or any applicable
federal or state laws, and the Company may cause a legend or legends to be put on any such certificates to make appropriate reference
to such restrictions.

    	 	4	 

     

    

 

 

9.       Successors and Assigns.
The Company may assign any of its rights under this Agreement. This Agreement shall be binding upon and inure to the benefit of
the successors and assigns of the Company. Subject to the restrictions on transfer herein set forth, this Agreement shall be binding
upon Grantee and Grantee's heirs, executors, administrators, legal representatives, successors and assigns.

 

10.       Governing Law; Severability.
This Agreement shall be governed by and construed in accordance with the internal laws of the State of Nevada as such laws are
applied to agreements between Nevada residents entered into and to be performed entirely within Nevada, excluding that body of
laws pertaining to conflict of laws. If any provision of this Agreement is determined by a court of law to be illegal or unenforceable,
then such provision shall be enforced to the maximum extent possible and the other provisions shall remain fully effective and
enforceable.

 

11.       Notices.
Any notice required to be given or delivered to the Company shall be in writing and addressed to the Corporate Secretary of the
Company at its principal corporate offices. Any notice required to be given or delivered to Grantee shall be in writing and addressed
to Grantee at the address indicated above or to such other address as Grantee may designate in writing from time to time to the
Company. All notices shall be deemed effectively given upon personal delivery, (i) three (3) days after deposit in the United States
mail by certified or registered mail (return receipt requested), (ii) one (1) business day after its deposit with any return receipt
express courier (prepaid), or (iii) one (1) business day after transmission by facsimile or email.

 

12.       Further Instruments.
The parties agree to execute such further instruments and to take such further action as may be reasonably necessary to carry out
the purposes and intent of this Agreement.

 

13.       Headings;
Counterparts. The captions and headings of this Agreement are included for ease of reference only and shall be disregarded
in interpreting or construing this Agreement. All references herein to Sections shall refer to Sections of this Agreement. This
Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original,
and all of which together shall constitute one and the same agreement.

 

14.       Entire Agreement.
This Agreement constitutes the entire agreement and understanding of the parties with respect to the subject matter of this Agreement,
and supersedes all prior understandings and agreements, whether oral or written, between the parties hereto with respect to the
specific subject matter of this Agreement. The terms of this Award Agreement cannot be modified except in writing and signed by
each of the parties hereto.

 

15.       Equitable
Adjustments. If any Shares vest subsequent to any change in the number or character of the Company’s Common Stock
(through any stock dividend or other distribution, recapitalization, stock split, reverse stock split, reorganization, merger,
consolidation, split-up, spin-off, combination, repurchase or exchange of shares or otherwise) occurring after the Effective Date,
you shall then receive upon such vesting the number and type of securities or other consideration which you would have received
if such Shares had vested prior to the event changing the number or character of the Company’s Common Stock..

 

[Intentionally blank]

 

 

    	 	5	 

     

    

 

IN
WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly authorized representative and Grantee has executed
this Agreement as of the Effective Date.

 

	OriginClear,
    Inc	 	Grantee

	 	 	 
	By:	 	 	
	 	 	(Signature)

	 	 	 
	 	 	 
	(Please print name)	 	(Please print name)
	 	 	 
	 	 	 
	(Please print title)	 	 

 

    	 	6

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