Document:

Exhibit 10.1

 

EMPLOYMENT AGREEMENT

 

This EMPLOYMENT AGREEMENT (the “Agreement”),
is entered into as of _________, 20__ (the “Effective Date”), by and between QinHong International Group,
a Cayman Islands exempted company (the “Company”) and _________, an individual (the “Executive”).
Except with respect to the direct employment of the Executive by the Company, the term “Company” as used herein with
respect to all obligations of the Executive hereunder shall be deemed to include the Company and all of its subsidiary and variable
interest entity (collectively, the “Group”).

 

RECITALS

 

WHEREAS, the Company desires to employ
the Executive as its _________and to assure itself of the services of the Executive during the term of Employment (as defined below);
and

 

WHEREAS, the Executive desires to be employed
by the Company as its _________ during the term of Employment and upon the terms and conditions of this Agreement.

 

NOW, THEREFORE, in consideration of the
mutual promises set forth in this Agreement, the parties agree as follows:

 

	1.	POSITION

 

The Executive hereby accepts the position
of _________ (the “Employment”) of the Company.

 

	2.	TERM

 

Subject to the terms and conditions of
this Agreement, the initial term of the Employment shall be three (3) years commencing on the Effective Date, unless terminated
earlier pursuant to the terms of this Agreement. The Employment will be renewed automatically for additional one (1) terms if neither
the Company nor the Executive provides a notice of termination of the Employment to the other party within thirty (30) days prior
to the expiration of the applicable term.

 

	3.	DUTIES AND RESPONSIBILITIES

 

	 	(a)	The Executive’s duties at the Company will include all the duties and responsibilities associated with a _______ of a U.S. listed public company with primary operations in the People’s Republic of China. As _________ of the Company, the Executive shall be primarily responsible for _________, as well as all tasks and responsibilities normally associated with the offices of _________ of a business of similar size and nature to the Company. During the term of his/her Employment, Executive shall report to and be responsible to the Company’s board of directors (including any designated audit or other committee thereof) (the “Board”). Executive shall also perform such other duties and responsibilities as may be determined by the Board, as long as such duties and responsibilities are consistent with those of the Company’s _________.

 

	 	(b)	The Executive shall devote all of his/her working time, attention and skills to the performance of his/her duties to the Company and the Group and shall faithfully and diligently serve the Company and the Group in accordance with this Agreement, the memorandum and articles of association of the Company, as amended and restated from time to time, and the guidelines, policies and procedures of the Company approved from time to time by the Board.

 

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	 	(c)	The Executive shall use his/her best efforts to perform his/her duties hereunder. The Executive shall not, without the prior written consent of the Board, become an employee of any entity other than the Company and any member of the Group, and shall not be concerned or interested in any business or entity that engages in the same business in which the Company or any member of the Group engages (any such business or entity, a “Competitor”), provided that nothing in this clause shall preclude the Executive from holding less than one percent (1%) of the outstanding equity of any Competitor that is listed on any securities exchange or recognized securities market anywhere. The Executive shall notify the Company in writing of his/her interest in such shares or securities in a timely manner and with such details and particulars as the Company may reasonably require.

 

		4.	NO
BREACH OF CONTRACT

 

The Executive hereby represents to the
Company that: (i) the execution and delivery of this Agreement by the Executive and the performance by the Executive of his/her
duties hereunder shall not constitute a breach of, or otherwise contravene, the terms of any other agreement or policy to which
the Executive is a party or otherwise bound except for agreements entered into by and between the Executive and any member of the
Group pursuant to applicable law, if any; (ii) that the Executive has no information (including, without limitation, confidential
information and trade secrets) relating to any other person or entity which would prevent, or be violated by, the Executive from
entering into this Agreement or carrying out his/her duties hereunder; (iii) that the Executive is not bound by any confidentiality,
trade secret or similar agreement (other than this) with any other person or entity except for other member(s) of the Group, as
the case may be.

 

		5.	LOCATION

 

The Executive will be based in Sichuan
Province, China. The Company reserves the right to transfer or second the Executive to any location in China or elsewhere in accordance
with its operational requirements.

 

		6.	COMPENSATION
AND BENEFITS

 

	 	(a)	Base Salary. The Executive’s initial pre-tax base salary shall be USD _________ per month, paid monthly in U.S. dollars or RMB equivalent in arrears in accordance with the Company’s regular payroll practices, and such compensation is subject to annual review and adjustment by the Board in its sole discretion.  The Executive shall also be entitled to receive salary, as and in the amount approved by the Board, from any member of the Group. 

 

	 	(b)	Bonus. The Executive shall be eligible for cash bonuses as determined by the Board in its sole discretion. 

 

	 	(c)	Equity Incentives. To the extent the Company adopts and maintains an equity incentive plan, the Executive will be eligible to participate in such plan pursuant to the terms thereof as determined by the Board.

 

	 	(d)	Benefits. The Executive is eligible for participation in any standard employee benefit plan of the Company that currently exists or may be adopted by the Company in the future, including, but not limited to, any retirement plan, life insurance plan, health insurance plan and travel/holiday plan, provided that such plans shall be subject to review and approval by the Board.

 

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	 	(e)	Expenses. The Executive shall be entitled to reimbursement by the Company for all reasonable ordinary and necessary travel and other expenses incurred by the Executive in the performance of his/her duties under this Agreement, provided that he/she properly accounts for such expenses in accordance with the Company’s policies and procedures.

 

		7.	TERMINATION
OF THE AGREEMENT

 

		(a)	By the Company.

 

(i) For Cause. The
Company may terminate the Employment for cause, at any time, without notice or remuneration (unless notice or remuneration
is specifically required by applicable law, in which case notice or remuneration will be provided in accordance with applicable
law), if:

 

		(1)	the Executive is convicted or pleads guilty to a felony or to an act of fraud, misappropriation
or embezzlement;

 

		(2)	the Executive has been grossly negligent or acted dishonestly to the detriment of the Company;

 

		(3)	the Executive has engaged in actions amounting to willful misconduct or failed to perform his/her
duties hereunder and such failure continues after the Executive is afforded not less than fifteen (15) days to cure such failure;
or

 

		(4)	the Executive violates Sections 8, 9 or 10 of this Agreement.

 

Upon termination for “cause”,
the Executive shall be entitled to the amount of base salary earned and not paid prior to termination. However, the Executive
will not be entitled to receive payment of any severance benefits or other amounts by reason of the termination, and the Executive’s
right to all other benefits will terminate, except as required by any applicable law.

 

(ii) For Death and Disability.
The Company may also terminate the Employment, at any time, without notice or remuneration (unless notice or remuneration
is specifically required by applicable law, in which case notice or remuneration will be provided in accordance with applicable
law), if:

 

		(1)	the Executive has died, or

 

		(2)	the Executive has a disability which shall mean a physical or mental impairment which, as reasonably
determined by the Board, renders the Executive unable to perform the essential functions of his/her employment with the Company,
with or without reasonable accommodation, for more than 120 days in any 12-month period, unless a longer period is required by
applicable law, in which case that longer period would apply.

 

Upon termination for death or disability,
the Executive shall be entitled to the amount of base salary earned and not paid prior to termination. However, the Executive
will not be entitled to receive payment of any severance benefits or other amounts by reason of the termination, and the Executive’s
right to all other benefits will terminate, except as required by any applicable law.

 

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(iii) Without Cause.
The Company may terminate the Employment without cause, at any time: (a) immediately and without prior written notice upon the
removal of the Executive pursuant to the exercise of any power contained in the memorandum and articles of association of the Company,
or (b) upon thirty (30) days’ prior written notice. Upon termination without cause, the Company shall provide the following
severance payments and benefits to the Executive: a cash payment of three months of the Executive’s base salary as of the
date of such termination.

 

Upon termination without cause,
the Executive shall also be entitled to the amount of base salary earned and not paid prior to termination.

 

In order to be eligible for,
and as a condition precedent for the payment of, the severance payments and benefits under this Section 7(a)(iii), the Executive
must execute and deliver to the Company a general release of the Company and all members of the Group and their affiliates in a
form reasonably satisfactory to the Board.

 

(iv) Change of Control
Transaction. If the Company or its successor terminates the Employment upon a merger, consolidation, or transfer or sale
of all or substantially all of the assets of the Company with or to any other individual(s) or entity (the “Change
of Control Transaction”), the Executive shall be entitled to the following severance payments and benefits upon such
termination: (1) a lump sum cash payment equal to three months of the Executive’s base salary at a rate equal to the
greater of his/her annual salary in effect immediately prior to the termination, or his/her then current annual salary as of the
date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his/her target annual bonus for the year
immediately preceding the termination; (3) payment of premiums for continued health benefits under the Company’s health
plans for three months following the termination; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding
equity awards held by the Executive.

 

		(b)	By the Executive. The Executive may terminate the Employment at any time with thirty (30)
days’ prior written notice to the Company without cause, if (1) there is a material reduction in the Executive’s
authority, duties and responsibilities unless such reduction was made with his/her consent, or (2) there is a material reduction
in the Executive’s annual salary (the occurrences in (1) and (2) being referred to as “Good Reason”).
Upon the Executive’s termination of the Employment due to either of the above reasons, the Company shall provide compensation
to the Executive equivalent to three months of the Executive’s base salary that he/she is entitled to immediately prior to
such termination. In addition, the Executive may resign prior to the expiration of the Agreement if such resignation is approved
by the Board or an alternative arrangement with respect to the Employment is agreed to by the Board.

 

In order to be eligible for, and as a condition precedent
for the payment of, the severance payments and benefits under this Section 7(b), the Executive must execute and deliver to the
Company a general release of the Company and all members of the Group and their affiliates in a form reasonably satisfactory to
the Board.

 

	 	(c)	Notice of Termination. Any termination of the Executive’s employment under this Agreement shall be communicated by written notice of termination from the terminating party to the other party. The notice of termination shall indicate the specific provision(s) of this Agreement relied upon in effecting the termination.

 

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		8.	CONFIDENTIALITY
AND NONDISCLOSURE

 

	 	(a)	Confidentiality and Non-Disclosure. The Executive hereby agrees at all times during the term of the Employment and after its termination, to hold in the strictest confidence, and not to use, except for the benefit of the Company, or to disclose to any person, corporation or other entity without written consent of the Company, any Confidential Information. The Executive understands that “Confidential Information” means any proprietary or confidential information of the Company, its affiliates, or their respective clients, customers or partners, including, without limitation, technical data, trade secrets, research and development information, product plans, services, customer lists and customers, supplier lists and suppliers, software developments, inventions, processes, formulas, technology, designs, hardware configuration information, personnel information, marketing, finances, information about the suppliers, joint ventures, franchisees, distributors and other persons with whom the Company does business, information regarding the skills and compensation of other employees of the Company or other business information disclosed to the Executive by or obtained by the Executive from the Company, its affiliates, or their respective clients, customers or partners either directly or indirectly in writing, orally or otherwise, if specifically indicated to be confidential or reasonably expected to be confidential. Notwithstanding the foregoing, Confidential Information shall not include information that is generally available and known to the public through no fault of the Executive.

 

	 	(b)	Company Property. The Executive understands that all documents (including computer records, facsimile and e-mail) and materials created, received or transmitted in connection with his/her work or using the facilities of the Company are property of the Company and subject to inspection by the Company, at any time. Upon termination of the Executive’s employment with the Company (or at any other time when requested by the Company), the Executive will promptly deliver to the Company all documents and materials of any nature pertaining to his/her work with the Company and will provide written certification of his/her compliance with this Agreement. Under no circumstances will the Executive have, following his/her termination, in his/her possession any property of the Company, or any documents or materials or copies thereof containing any Confidential Information.

 

	 	(c)	Former Employer Information. The Executive agrees that he/she has not and will not, during the term of his/her employment, (i) improperly use or disclose any proprietary information or trade secrets of any former employer or other person or entity with which the Executive has an agreement or duty to keep in confidence information acquired by Executive, if any, or (ii) bring into the premises of the Company any document or confidential or proprietary information belonging to such former employer, person or entity unless consented to in writing by such former employer, person or entity. The Executive will indemnify the Company and hold it harmless from and against all claims, liabilities, damages and expenses, including reasonable attorneys’ fees and costs of suit, arising out of or in connection with any violation of the foregoing.

 

	 	(d)	Third Party Information. The Executive recognizes that the Company may have received, and in the future may receive, from third parties their confidential or proprietary information subject to a duty on the Company’s part to maintain the confidentiality of such information and to use it only for certain limited purposes. The Executive agrees that the Executive owes the Company and such third parties, during the Executive’s employment by the Company and thereafter, a duty to hold all such confidential or proprietary information in the strictest confidence and not to disclose it to any person or firm and to use it in a manner consistent with, and for the limited purposes permitted by, the Company’s agreement with such third party.

 

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This Section 8 shall survive the termination
of this Agreement for any reason. In the event the Executive breaches this Section 8, the Company shall have right to seek
remedies permissible under applicable law.

 

		9.	CONFLICTING
EMPLOYMENT

 

The Executive hereby agrees that, during
the term of his/her employment with the Company, he/she will not engage in any other employment, occupation, consulting or other
business activity related to the business in which the Company is now involved or becomes involved during the term of the Executive’s
employment, nor will the Executive engage in any other activities that conflict with his/her obligations to the Company without
the prior written consent of the Company.

 

		10.	NON-COMPETITION
AND NON-SOLICITATION

 

In consideration of the salary paid to
the Executive by the Company, the Executive agrees that during the term of the Employment and for a period of twelve (12) months
following the termination of the Employment for whatever reason:

 

	 	(a)	The Executive will not approach clients, customers or contacts of the Company or the Group, users of the Company’s or the Group’s services, or other persons or entities introduced to the Executive in the Executive’s capacity as a representative of the Company or the Group for the purposes of doing business with such persons or entities which will harm the business relationship between the Company or the Group and such persons and/or entities;

 

	 	(b)	the Executive will not assume employment with or provide services as a director, consultant or otherwise for any Competitor, or engage, whether as principal, partner, licensor or otherwise, in any Competitor; and

 

	 	(c)	the Executive will not seek, directly or indirectly, by the offer of alternative employment or other inducement whatsoever, to solicit the services of any officer, director, or employee of or consultant to the Company or any member of the Group employed or engaged as at or after the date of such termination, or in the twelve (12) months preceding such termination.

 

The provisions contained in Section 10
are considered reasonable by the Executive in order to protect the legitimate business interest of the Company and the Group. In
the event that any such provisions should be found to be void under applicable laws but would be valid if some part thereof was
deleted or the period or area of application reduced, such provisions shall apply with such modification as may be necessary to
make them valid and effective.

 

This Section 10 shall survive the
termination of this Agreement for any reason. In the event the Executive breaches this Section 10, the Executive acknowledges
that there will be no adequate remedy at law, and the Company or the applicable member of the Group shall be entitled to injunctive
relief and/or a decree for specific performance, and such other relief as may be proper (including monetary damages if appropriate).
In any event, the Company or any applicable member of the Group shall have right to seek all remedies permissible under applicable
law.

 

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		11.	INDEMNIFICATION.

 

The Company shall, to the maximum extent
provided under applicable law, indemnify and hold the Executive harmless from and against any expenses, including reasonable attorneys’
fees, judgments, fines, settlements and other legally permissible amounts (“Losses”), incurred in connection
with any proceeding arising out of, or related to, his/her performance of the Employment, other than any such Losses incurred as
a result of the Executive’s fraud, willful default, gross negligence or willful misconduct. The Company shall advance to
the Executive any expenses, including reasonable attorneys’ fees and costs of settlement, incurred in defending any such
proceeding to the maximum extent permitted by applicable law. Such costs and expenses incurred by the Executive in defense of any
such proceeding shall be paid by the Company in advance of the final disposition of such proceeding promptly upon receipt by the
Company of (a) written request for payment; (b) appropriate documentation evidencing the incurrence, amount and nature of the costs
and expenses for which payment is being sought; and (c) an undertaking adequate under applicable law made by the Executive or on
his/her behalf to repay the amounts so advanced if it shall ultimately be determined pursuant to any non-appealable judgment or
settlement that the Executive is not entitled to be indemnified by the Company.

 

		12.	WITHHOLDING
TAXES

 

Notwithstanding anything else herein to
the contrary, the Company may withhold (or cause there to be withheld, as the case may be) from any amounts otherwise due or payable
under or pursuant to this Agreement such national, provincial, local or any other income, employment, or other taxes as may be
required to be withheld pursuant to any applicable law or regulation.

 

		13.	ASSIGNMENT

 

This Agreement is personal in its nature
and neither of the parties hereto shall, without the consent of the other, assign or transfer this Agreement or any rights or obligations
hereunder; provided, however, that (i) the Company may assign or transfer this Agreement or any rights or obligations hereunder
to any member of the Group without such consent, and (ii) in the event of a Change of Control Transaction, this Agreement
shall, subject to the provisions hereof, be binding upon and inure to the benefit of such successor and such successor shall discharge
and perform all the promises, covenants, duties, and obligations of the Company hereunder. 

 

		14.	SEVERABILITY

 

If any provision of this Agreement or the
application thereof is held invalid, the invalidity shall not affect other provisions or applications of this Agreement which can
be given effect without the invalid provisions or applications and to this end the provisions of this Agreement are declared to
be severable.

 

		15.	ENTIRE
AGREEMENT

 

This Agreement constitutes the entire agreement
and understanding between the Executive and the Company regarding the terms of the Employment and supersedes all prior or contemporaneous
oral or written agreements concerning such subject matter. The Executive acknowledges that he/she has not entered into this Agreement
in reliance upon any representation, warranty or undertaking which is not set forth in this Agreement. Any amendment to this Agreement
must be in writing and signed by the Executive and the Company.

 

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		16.	GOVERNING
LAW; JURISDICTION

 

This Agreement and all issues pertaining
to the Employment or the termination of the Employment shall be governed and interpreted in accordance with the laws of New York
without regard to choice of law principles, except the arbitration provision which shall be governed by the Federal Arbitration
Act. Executive agrees that if, for any reason, any provision hereof is unenforceable, the remainder of this Agreement will nonetheless
remain binding and in effect. Any dispute regarding the Employment or this Agreement, other than any injunctive relief available
under Section 10 hereof, which cannot be resolved by negotiations between the Executive and the Company shall be submitted to,
and solely determined by, final and binding arbitration conducted by the American Arbitration Association (“AAA”)
in accordance with its arbitration rules applicable to employment disputes, and the parties agree to be bound by the final award
of the arbitrator in any such proceeding. The arbitrator shall apply the laws of the State of New York with respect to the interpretation
or enforcement of this Agreement, or to any claims involving the Employment or the termination of the Employment. All questions
regarding whether or not a dispute is subject to arbitration will be resolved by the arbitrator. Arbitration shall be held in the
AAA New York City Office, or such other place as the parties may mutually agree. Judgment upon the award by the arbitrator may
be entered in any court having jurisdiction, including in the People’s Republic of China or Hong Kong. The arbitrator shall
award costs and attorney fees to the prevailing party. As part of this Agreement, Executive agrees that Executive may not participate
in a representative capacity or as a member of any class of claims pertaining to any claim against the Company. There is no right
or authority for any claims subject to this Agreement to be arbitrated on a class or collective action basis or on any basis involving
claims brought in a purported representative capacity on behalf of any other person or group of people similarly situated. Such
claims are prohibited. Furthermore, claims brought by or against either the Company or the Executive may not be joined or consolidated
in the arbitration with claims brought by or against any other person or entity unless otherwise agreed to in writing by all parties
involved.

 

		17.	AMENDMENT

 

This Agreement may not be amended, modified
or changed (in whole or in part), except by a formal, definitive written agreement expressly referring to this Agreement, which
agreement is executed by both of the parties hereto.

 

		18.	WAIVER

 

Neither the failure nor any delay on the
part of a party to exercise any right, remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall
any single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the same or of
any right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any occurrence
be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver shall be effective
unless it is in writing and is signed by the party asserted to have granted such waiver.

 

		19.	NOTICES

 

All notices, requests, demands and other
communications required or permitted under this Agreement shall be in writing and shall be deemed to have been duly given and made
if (i) delivered by hand, (ii) otherwise delivered against receipt therefor, (iii) sent by a recognized courier
with next-day or second-day delivery, or (iv) by email, to the last known address of the other party, with communications to the
Company being to the attention of the Company’s __________.

 

		20.	COUNTERPARTS

 

This Agreement may be executed in any number
of counterparts, each of which shall be deemed an original as against any party whose signature appears thereon, and all of which
together shall constitute one and the same instrument. This Agreement shall become binding when one or more counterparts hereof,
individually or taken together, shall bear the signatures of all of the parties reflected hereon as the signatories.

 

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Photographic or electronic copies of such
signed counterparts may be used in lieu of the originals for any purpose, and signed counterparts may be delivered by electronic
means.

 

		21.	NO
INTERPRETATION AGAINST DRAFTER

 

Each party recognizes that this Agreement
is a legally binding contract and acknowledges that it, or he/she has had the opportunity to consult with legal counsel of choice.
In any construction of the terms of this Agreement, the same shall not be construed against either party on the basis of that party
being the drafter of such terms.

 

[Remainder of this page has been intentionally
left blank.]

 

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IN WITNESS WHEREOF, this Agreement has been executed as of the
date first written above.

 

	 	QinHong International Group
	 	 	 
	 	By:	 
	 	Name: 	 
	 	Title:	 
	 	 	 
	 	Executive
	 	 	 
	 	Signature: 	           
	 	Name:	 

 

    10Exhibit 10.2

 

QINHONG INTERNATIONAL GROUP

Block 1, Unit 2, Suite 1705, Poly Center

7 Consulate Road, Wuhou District

Chengdu, Sichuan, China 610000 

 

_____________, 20__

 

	 	 
	        	 
	 	 

 

Re: Independent Director Offer Letter

 

Dear ___________:

 

QinHong International
Group, a Cayman Islands exempted company (the “Company”, “we”, “us” or similar terminology),
is pleased to offer you positions as a member of its Board of Directors (the “Board”). We believe your background and
experience will be a significant asset to the Company and we look forward to your participation on the Board. Should you choose
to accept the positions as a member of the Board [and member of the _____________ Committee], this letter agreement (the “Agreement”)
shall constitute an agreement between you and the Company and contains all the terms and conditions relating to the services you
agree to provide to the Company.

 

1. Term. This
Agreement is effective as of the date hereof. Your term as independent director of the Board shall continue subject to the Company’s
memorandum and articles of association (as amended and/or restated from time to time) and the provisions in Section 9 below, until
your successor is duly appointed and qualified. You shall stand for re-appointment to the Board each year at the annual shareholder’s
meeting and upon re-appointment, the terms and provisions of this Agreement shall remain in full force and effect.

 

2. Services. You
shall render services as a member of the Board and such committee(s) of the Board as the Board may designate (hereinafter, your
“Duties”). The Duties shall include those customary for a board member [and ______ Committee chairman/member] of a
Nasdaq-listed public company. During the term of this Agreement, you shall adhere to all applicable fiduciary duties and other
laws, rules and regulations, and shall attend and participate in such number of meetings of the Board and of the committee(s) of
which you may become a member (if any) as regularly or specially called. You may attend and participate at each such meeting, via
teleconference, video conference or in person. You shall consult with the other members of the Board and the committee(s) (if any
and the Company’s officers, as needed) regularly and as necessary via telephone, electronic mail or other forms of correspondence.

 

3. Services
for Others. You shall be free to represent or perform services for other persons during the term of this Agreement.  You
agree, however, that you do not presently perform and do not intend to perform, during the term of this Agreement, similar Duties,
consulting, or other services for companies whose businesses are or would be, in any way, competitive with the Company (except
for companies previously disclosed by you to the Company in writing). Should you propose to perform similar Duties, consulting,
or other services for any such company, you agree to notify the Company in writing in advance (specifying the name of the organization
for whom you propose to perform such services) and to provide information to the Company sufficient to allow it to determine if
the performance of such services would conflict with areas of interest to the Company.

 

4. Compensation.  Commencing
on the effective date of your appointment, you shall receive cash compensation of US $________ for each calendar year of service under
this Agreement on a pro-rated basis, payable in arrears every ________. Notwithstanding the foregoing to the contrary, all
fees are subject to approval and/or change as deemed appropriate by the Board. You shall be reimbursed for reasonable expenses
documented and incurred by you in connection with the performance of your Duties (including travel expenses for meetings you attend
in-person).

 

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5. D&O
Insurance Policy. During the term under this Agreement, the Company shall include you as an insured under its officers
and directors insurance policy, if any.

 

6. No Assignment. Because
of the personal nature of the services to be rendered by you, this Agreement may not be assigned by you without the prior written
consent of the Company.

 

7. Confidential
Information; Non-Disclosure. In consideration of your access to certain Confidential Information (as defined below)
of the Company, in connection with your business relationship with the Company, you hereby represent and agree as follows:

 

a. Definition. For
purposes of this Agreement the term “Confidential Information” means: (i) any information which the Company possesses
that has been created, discovered or developed by or for the Company, and which has or could have commercial value or utility in
the business in which the Company is engaged; (ii) any information which is related to the business of the Company and is generally
not known by non-Company personnel; and (iii) Confidential Information includes, without limitation, trade secrets and any information
concerning products, processes, formulas, designs, inventions (whether or not patentable or registrable under copyright or similar
laws, and whether or not reduced to practice), discoveries, concepts, ideas, improvements, techniques, methods, research, development
and test results, specifications, data, know-how, software, formats, marketing plans, and analyses, business plans and analyses,
strategies, forecasts, customer and supplier identities, characteristics and agreements.

 

b. Exclusions. Notwithstanding
the foregoing, the term Confidential Information shall not include: (i) any information which becomes generally available or is
readily available to the public other than as a result of a breach of the confidentiality provisions of this Agreement, or any
other agreement requiring confidentiality between the Company and you; (ii) information received from a third party in rightful
possession of such information who is not restricted from disclosing such information; (iii) information known by you prior to
receipt of such information from the Company, which prior knowledge can be documented and (iv) information you are required to
disclose pursuant to any applicable law, regulation, judicial or administrative order or decree, or request by other regulatory
organization having authority pursuant to the law; provided, however, that you shall first have given prior written notice to the
Company and made a reasonable effort to obtain a protective order requiring that the Confidential Information not be disclosed.

 

c. Documents. You
agree that, without the express written consent of the Company, you will not remove from the Company’s premises, any notes,
formulas, programs, data, records, machines or any other documents or items which in any manner contain or constitute Confidential
Information, nor will you make reproductions or copies of same.  You shall promptly return any such documents or items,
along with any reproductions or copies to the Company upon the Company’s demand, upon termination of this Agreement, or upon
your termination or Resignation (as defined in Section 9 herein).

  

d. Confidentiality. You
agree that you will hold in trust and confidence all Confidential Information and will not disclose to others, directly or indirectly,
any Confidential Information or anything relating to such information without the prior written consent of the Company, except
as may be necessary in the course of your business relationship with the Company.  You further agree that you will not
use any Confidential Information without the prior written consent of the Company, except as may be necessary in the course of
your business relationship with the Company, and that the provisions of this paragraph (d) shall survive termination of this Agreement.
Notwithstanding the foregoing, you may disclose Confidential Information to your legal counsel and accounting advisors who have
a need to know such information for accounting or tax purposes and who agree to be bound by the provisions of this paragraph (d).

 

e. Ownership. You
agree that the Company shall own all right, title and interest (including patent rights, copyrights, trade secret rights, mask
work rights, trademark rights, and all other intellectual and industrial property rights of any sort throughout the world) relating
to any and all inventions (whether or not patentable), works of authorship, mask works, designations, designs, know-how, ideas
and information made or conceived or reduced to practice, in whole or in part, by you during the term of this Agreement and that
arise out of your Duties (collectively, “Inventions”) and you will promptly disclose and provide all Inventions to
the Company. You agree to assist the Company, at its expense, to further evidence, record and perfect such assignments, and to
perfect, obtain, maintain, enforce, and defend any rights assigned.

 

    2

     

    

 

8.  Non-Solicitation. During
the term of your appointment, you shall not solicit for employment any employee of the Company with whom you have had contact due
to your appointment.

 

9.  Termination
and Resignation. Your membership on the Board (which for purposes of this Agreement shall automatically include any
committee(s) of the Board) may be terminated in accordance with the provisions of the memorandum and articles of the Company as
amended from time to time. You may also terminate your membership on the Board for any or no reason by delivering your written
notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified
therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination
or Resignation, your right to compensation hereunder will terminate subject to the Company’s obligations to pay you any compensation
that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of
your Duties as of the effective date of such termination or Resignation.

 

10. Governing
Law; Arbitration. All questions with respect to the construction and/or enforcement of this Agreement, and the rights
and obligations of the parties hereunder, shall be determined in accordance with the law of the State of New York applicable to
agreements made and to be performed entirely in the State of New York. All disputes with respect to this Agreement, including the
existence, validity, interpretation, performance, breach or termination thereof or any dispute regarding non-contractual obligations
arising out of or relating to it shall be referred to and finally resolved by arbitration administered by the Hong Kong International
Arbitration Centre (“HKIAC”) under the HKIAC Administered Arbitration Rules in force when the Notice of Arbitration
is submitted. The law of this arbitration clause shall be New York law. The seat of arbitration shall be in Hong Kong. The number
of arbitrators shall be one. The arbitration proceedings shall be conducted in Chinese.

 

11. Entire
Agreement; Amendment; Waiver; Counterparts. This Agreement expresses the entire understanding with respect to the
subject matter hereof and supersedes and terminates any prior oral or written agreements with respect to the subject matter hereof.  Any
term of this Agreement may be amended and observance of any term of this Agreement may be waived only with the written consent
of the parties hereto.  Waiver of any term or condition of this Agreement by any party shall not be construed as a waiver
of any subsequent breach or failure of the same term or condition or waiver of any other term or condition of this Agreement.  The
failure of any party at any time to require performance by any other party of any provision of this Agreement shall not affect
the right of any such party to require future performance of such provision or any other provision of this Agreement.  This
Agreement may be executed in separate counterparts each of which will be an original and all of which taken together will constitute
one and the same agreement, and may be executed using facsimiles of signatures, and a facsimile of a signature shall be deemed
to be the same, and equally enforceable, as an original of such signature.

 

12. Indemnification.
The Company shall, to the maximum extent provided under applicable law, indemnify and hold you harmless from and against any expenses,
including reasonable attorney’s fees, judgments, fines, settlements and other legally permissible amounts (“Losses”),
incurred in connection with any proceeding arising out of, or related to, your performance of your Duties, other than any such
Losses incurred as a result of your fraud, willful default, gross negligence or willful misconduct.  The Company shall
advance to you any expenses, including reasonable attorneys’ fees and costs of settlement, incurred in defending any such
proceeding to the maximum extent permitted by applicable law.  Such costs and expenses incurred by you in defense of
any such proceeding shall be paid by the Company in advance of the final disposition of such proceeding promptly upon receipt by
the Company of (a) written request for payment; (b) appropriate documentation evidencing the incurrence, amount and nature of the
costs and expenses for which payment is being sought; and (c) an undertaking adequate under applicable law made by or on your behalf
to repay the amounts so advanced if it shall ultimately be determined pursuant to any non-appealable judgment or settlement that
you are not entitled to be indemnified by the Company.

 

13. Not
an Employment Agreement. This Agreement is not an employment agreement, and shall not be construed or interpreted
to create any right for you to be employed by the Company.

 

    3

     

    

 

14. Acknowledgement. You
accept this Agreement subject to all the terms and provisions of this Agreement. You agree to accept as binding, conclusive, and
final all decisions or interpretations of the Board of any questions arising under this Agreement.

 

[Signature Page Follows] 

 

The Agreement has been executed and delivered
by the undersigned and is made effective as of the date set first set forth above. 

 

	 	Sincerely,
	 	 
	 	QINHONG INTERNATIONAL GROUP
	 	 	 
	 	By:	      
	 	 	Name:
	 	 	Title:

 

	AGREED AND ACCEPTED:	 
	 	 
	    	 
	Name: 	 

 

    4

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