Document:

Exhibit 10.8

 

Borqs Wireless Ltd.

 

Employment Contract

 

	Party of the First Part: Borqs Wireless Ltd.	Party of the Second Part: Xiaobo LI
	Legal Representative: Xiyuan CHEN

                                    Or Commissioned Agent:

                                    Address of the Party of the First
Part: No. 10

                                    Jiuxianqiao Road, Chaoyang District,
Beijing

                                    Tower A, Building B23, Universal
Business Park

                                    Postal Code: 100102
	Identification Card No.:

                                    Residence Location: 

                                    Home Address:

                                     

                                    Postal Code:

                                    Telephone
No.:

 

This
employment contract (hereinafter, “this Contract”) is being concluded and signed by and between Borqs Wireless Ltd.,
a limited liability company incorporated in accordance with the laws of the People’s Republic of China (hereinafter, the “Company”)
and Mr./Ms. Xiaobo LI (hereinafter, the “Employee”) on July 1, 2013.

 

Each
party to this Contract, by means of amicable negotiations, voluntarily and on the basis of mutual benefit, hereby agrees and signs
this Contract as follows:

 

Article 1     Employment

 

1. 1        Content of the work
and the work place.

 

1.1.1
In accordance with the relevant Chinese laws, statutes, and regulations, the Company agrees to employ the employee in
the Company in the Office of the Chief Executive Officer in order to conduct work as Senior Vice President for Commercial
Affairs in accordance with the articles and provisions stipulated in this Contract, and the workplace shall be the premises
of the Company; and the Employee agrees to accept this employment.

 

1.1.2 The Employee
shall, at all times in accordance with the instructions directly issued by the Company, be responsible for conducting sad work,
and shall accept all the guidance and supervision of the top leadership and the relevant departments of the Company.

 

1.1.3 Both Parties
hereby acknowledge that, at any time during the term of this Contract, the Company shall be entitled, in accordance with the operating
requirements and the employee’s work performance, make suitable changes as the Company deems to be necessary with regard to the
department, work responsibilities, and position held by the Employee, the content of the work, or the workplace within the scope
of the Company and its subsidiaries.

 

1.2         Employment Term.

 

1.2.1
This Contract shall become effective on July 1, 2013 (the “Effective Date”). The Parties agree that this Contract
shall be a Fixed Term Contract, beginning on its effective date and ending on June 30, 2015 (hereinafter, the “Term of
the Contract”), unless in accordance with the provisions and clauses stipulated in this Contract it is extended or
terminated early. Prior to the expiration date of the Term of the Contract or in accordance with any extension of this
Article, if either Party wishes to renew the Contract, said Party shall, one (1) month before the expiration date notify the
other Party thereof in writing, After both Parties reach agreement
in writing, the Term of this Contract may be extended accordingly.

 

    	 	1	 

     

    

 

1.2.2 Each
Party to this Contract agrees that the first three (3) months of the Term of the Contract shall be a probationary period. If at
any time during this probationary period, the Company recognizes that the Employee is not in compliance with the terms and conditions
of employment, the Company shall be entitled, after explaining the reasons to the Employee, to rescind this Contract immediately
without any need to provide advance notice to the Employee. The Employee may terminate this Contract during the probationary period
by providing written notice to the Company three days in advance. Once this Contract has been terminated in accordance with the
provisions stipulated in this clause, except the obligations regarding confidentiality stipulated clearly elsewhere in this Contract,
neither Party shall be liable to the other Party for performing any obligations under the terms of this Contract.

 

1.3         Obligations
of the Employee. The Employee agrees that, besides the obligations stipulated in this Contract, during the Term of this Contract,
the Employee shall be required to:

 

1.3.1 During
his regular working hours according to this Contract, use all his time, energy, and skills in performing the obligations stipulated
in this Contract, and perform his duties effectively, exert his greatest efforts, and ensure the satisfactory completion of the
responsibilities assigned by the Company.

 

1.3.2 According
to the provisions of this Contract, the Company’s regulations and policies and applicable laws, regulations, and faithful and scrupulous
performance of his duties, perform his obligations for the Company as stipulated under the provisions of this Contract, not engage
in any activities that violate the Company’s regulations or that might harm the interests of the Company, and not to use the work
duties or position in the Company directly or indirectly to obtain his own personal interests.

 

1.3.3 The Employee
shall conscientiously comply with the system of rules stipulated by the Company, take care of the Company’s assets, respect professional
ethics, be industrious and meticulous, and proactively participate in the training and education organized by the Company. If the
Employee violates the system of rules stipulated by the Company or other work discipline, the Company may, in accordance with said
individual system of rules, apply disciplinary measures, up to terminating this Contract.

 

1.3.4 Prior
to the Company signing the Employment Contract, the Employee has agreed that he is signing this Contract with the Company only
after he has officially terminated the employment relationship with his previous employer. If the Employee violates this commitment
and causes this Contract to be null and void, the Employee shall accept all liability. If it causes losses to the Company, the
Employee shall be liable to pay compensation. The Company shall not assume liability for any economic disputes or legal liability
of the Employee prior to the signing of the Contract.

 

1.4         Obligations
of the Company. The Company hereby agrees that, besides for other obligations stipulated in this Contract, the Company shall
also, during the Term of this Contract be required to:

 

1.4.1 In accordance
with the relevant laws and regulations with regard to labor protection, provide a safe, healthy environment and working conditions
for the Employee;

 

1.4.2 Formulate
for the employee and provide to the employee an employee handbook, and said handbook shall stipulate all work regulations in compliance
with Chinese laws and regulations and include the bonus system and disciplinary rules, working hours, vacation time, the employee
corporate benefits plan, and the work safety plan. Once said handbook has become effective, it shall become an inseparable part
of this Contract, and both the Employee and the Company shall be required to comply strictly with it in accordance with this Contract.
However, if any provision in the employee handbook is inconsistent with or conflicts with any clause stipulated in this Contract,
the clause in this Contract shall take precedence.

 

1.5        Training.
If the Company decides to provide training events for the Employee in any location, the Employee shall participate in said
training, in accordance with said training plan and in the designated location. Unless this Contract is terminated in
accordance with Clauses 5.1, 5.2, and 5.3 or Clauses 5.6.2 or 5.6.3 in this Contract, after the Employee has participated in
said training, he shall provide services the Company for at least three (3) years in accordance with the provisions
stipulated in this Contract; and if the Employee conducts such service to the Company less than three (3) years, the Employee
shall compensate the Company for all the training expenses that the Company has expended for the training conducted and
provided to the Employee in accordance with this clause and pay a penalty for breach of contract. The sum of money for the
aforementioned training may be reduced year after year by thirty percent (30%) per year, in accordance with the number of
years of actual service for the Company after the Employee received the training. However, any compensation that the Employee
pays to the Company in accordance with the provisions stipulated in this clause may not affect or reduce any other of
liability he has for breach of the contract or of any of the obligations and liability assumed by him pursuant to Article 6
of this Contract.

 

    	 	2	 

     

    

 

Article 2     Employment Compensation

 

2.1         Salary.

 

2. 1.1
During the period the Employee is employed in accordance with this Contract, unless there is agreement reached between the
parties elsewhere in this Contract, the Company shall, during the Term of this Contract stipulated in Article 1.2.1 of this
Contract, pay the Employee, in Chinese Yuan (CNY) a salary for compensation per month equivalent to the amount in the offer
letter (the amount in CNY in the offer letter), and the salary for the probationary period shall be 100% of the official
salary.

 

2.1.2 The annual
salary mentioned in this Contract or in other Company policies shall, in accordance with the Company’s salary policy, be paid to
the Employee by the Company with the annual amount of compensation divided into 12 equal monthly installments. For the composition
of the salary see the pay stub.

 

2.1.3 The Company
shall be entitled, in accordance with the Employee’s wishes and changes in the Employee’s work duties or position in the company,
or in accordance with the Company’s new salary policy, adjust or change the Employee’s salary level.

 

2.1.4
The Company may decrease or deduct the following expenses and sums from the Salary it pays to the Employee in accordance with
this Contract:

 

2.1.4.1 Income tax on the Employee’s salary withheld in accordance with Article 9 of this Contract;

 

2.1.4.2 The
social insurance expenses to be assumed by the Employee individually to be withheld by the Company on his behalf in accordance
with this Contract or in accordance with the relevant Chinese laws and regulations;

 

2.1.4.3 The
expenses specified by a court judgment or by an arbitral award that the Company is required to deduct from the Employee’s salary;

 

2.1.4.4 All
sums of compensation for losses to be paid by the Employee to the Company as stipulated in this Contract or by means of another
legal decision, and all other expenses and expenditures deducted from the salary paid to the Employee in accordance with applicable
Chinese laws and regulations.

 

2.2        Bonuses.
During the Term of this Contract, the Company may pay the Employee bonuses at any time pay the, in accordance with the standards,
clauses, terms and conditions, and amounts that it determines itself.

 

Article 3    Social Welfare Insurance,
Benefits, and Vacations

 

3.1        Social
welfare insurance and benefits. During the Term of this Contract, the Company shall provide the Employee social welfare insurance
and benefit payments stipulated by the relevant Chinese laws and regulations, including, but not limited to those with regard to
retirement, health care, and housing.

 

3.2        Vacations.
The Employee shall, in accordance with the relevant laws and regulations of China, have the right to paid leave and vacation as
stipulated in the Company’s policy, however, the Company shall have the right, in accordance with work requirements, to arrange
for the Employee to use the relevant vacation time early or defer the use of said time.

 

    	 	3	 

     

    

 

Article 4     Arrangement of Working
Hours

 

The Company
shall implement a standard full-time work system, adopting flexible working hours. The Employee shall, work eight (8) hours per
day (break times are not calculated in the working hours), forty (40) hours per week; however, because of work requirements or
depending on the intensity and the environment of the work, the Company shall have the right to arrange for increasing or decreasing
the number of hours of work per day or per week or adjust his beginning and ending times, and the Employee waives the right to
claim from the company any sum of additional compensation or an allowance on the basis of the aforementioned adjustments.

 

Article 5     Termination

 

5.1         Immediate
Termination. This Contract shall, terminate automatically without advance notice on the date on which any of the following
circumstances arises:

 

5.1.1 The Term
of the Contract stipulated in Article 1.2.1 of this Contract expires;

 

5.1.2 This Contract
is terminated within the probationary period in accordance with the provision stipulated by Article 1.2.2 of this Contract;

 

5.1.3 Both Parties
to this Contract agree to terminate this Contract early;

 

5.1.4 The Employee
is legally investigated for criminal liability or re-education through labor.

 

5.2         Immediate
termination of the Contract by the Company. Any of the following kinds of conduct on the part of the Employee shall constitute
a serious breach of contract on the part of the Employee and shall cause the Company to have the right to terminate this Contract
the same day it issues a written notice of termination:

 

5.2.1 The Employee
conducts any deceit of the Company or engages in any other dishonest conduct, regardless of whether said conduct causes the Company
to incur an actual loss;

 

5.2.2 The Employee
has committed gross negligence, engaged in corrupt practices, and caused interests of the management unit to suffer serious losses;

 

5.2.3 The Employee,
at the same time that he was an employee, established an employment relationship with another employer, has used his position for
it, and has refused to correct it;

 

5.24 The Employee’s
conduct constitutes a serious violation of Chinese laws and regulations, and has been legally investigated for criminal liability;

 

5.2.5 The Employee
has deliberately or seriously breached the employment regulations or work rules stipulated by the Company;

 

5.2.6 The Employee’s
conduct has breached the obligations stipulated in Article 1.3 of this Agreement or Article 6 or Article 7 of this Agreement;

 

5.2.7 Other
circumstances stipulated by Chinese laws and regulations that might terminate this Agreement.

 

5.3         Termination
with thirty days’ notice in writing.

 

5.3.1 Under
the circumstances in the provisions stipulated in Clauses 5.1 and 5.2 and in Clause 5.3.2 and under any of the following kinds
of circumstances, the Company shall be entitled to terminate this Contract, however, it must give thirty days’ notice in writing
to the Employee:

 

5.3.1.1 If the
Employee becomes ill or is injured for reasons other than work, and after the expiration of the legally stipulated period of illness
he cannot perform his original job, or cannot perform work that the Company otherwise arranges for him in accordance with the actual
circumstances and requirements of the Company at the time:

 

5.3.1.2 The
Employee, after he has had the Company’s on the job training or other formal training is still unable to perform the tasks in
accordance with this Contract or the requirements of the Company;

 

    	 	4	 

     

    

 

5.3.1.3 The
Employee has, other than the provisions stipulated in Article 5.2 of this Contract, engaged in conduct that is in breach of this
Contract and caused the Company to suffer significant losses; or

 

5.3.1.4 Objective
circumstances at the time this Contract is concluded in accordance with the significant changes indicated in Article 5.4 of this
Contract occur and render this Contract impossible to perform, even though both Parties have consulted each other and have still
not been able to reach agreement with regard to amending this Contract.

 

5.3.2 If the
following circumstances arise, the Company, under said circumstances, before terminating this Contract in accordance with the provisions
stipulated in Article 5.3.1 above, shall, at the same time, handle the matter in accordance with the relevant applicable Chinese
laws and regulations:

 

5.3.2.1 The
Employee, according to a determination of the relevant Chinese labor department, is suffering from an occupational illness or has
sustained an injury while serving the Company causing the Employee to lose or partially lose his ability to work; or

 

5.3.2.2 The
Employee, because of other causes, is ill or has sustained an injury and, has been diagnosed by a reputable health care institution
as stipulated by the relevant regulations of the Chinese Government and it is within the period of medical treatment determined
by a doctor’s certificate.

 

5.3.2.3
The Employee submits a valid evidence proving that, according to provisions stipulated the applicable Chinese laws, it is
within a time period that the Company cannot dismiss a female employee. [The provision stipulated in this clause shall be
applicable only to female employees.]

 

5.4         Significant
changes in circumstances. The significant changes in circumstances stipulated in Article 5.3.1.4 of this Contract shall include
but not be limited to the following:

 

5.4.1 The Company conducts a merger
with another company and puts the corporate assets for sale on the market or transfers them to any other company or to any third
party;

 

5.4.2 For three (3) consecutive years, the Company’s production operations and marketing sales have not reached the
scheduled goals or the Company has been operating at a financial loss for three (3) consecutive years;

 

5.4.3
The Company has legally declared bankruptcy, dissolution, or liquidation;

 

5.4.4 New laws or regulations promulgated by the
Chinese Government render one or both Parties to the Contract legally unable to perform this Contract.

 

5.5         Compensation.

 

When a significant
change stipulated in Article 5.4 of this Contract causes the Company to terminate this Contract in accordance with the provisions
stipulated above, the Company shall, in accordance with the provisions stipulated in the applicable Chinese laws and regulations,
provide to the Employee an appropriate subsidy and compensation. However, both Parties hereby explicitly acknowledge that when
calculating said subsidy and compensation, any employment relationship prior to the one that hereby exists other than between the
Employee and the Company shall not be counted as Employment of the Employee by the Company, and the Employee’s employment by the
Company shall begin on the Effective Date of this Contract.

 

5.6         Termination
of the Contract by the Employee.

 

5.6.1 During
the Term of this Contract and under the circumstances stipulated by Article 1.5 of this Contract, the Employee may submit his resignation
and terminate this Contract; however, he must submit written notice to the company thirty (30) days in advance;

 

5.6.2 If the
Company seriously breaches the provisions of Clause 1.4 or Article 2, Article 3, or Article 4 of this Contract, and receives the
written notice from the Employee, thirty days after said breaches of contact such breaches of contract continue, the Employee shall
be entitled to terminate this Contract; or

 

5.6.3 If
the Company uses violence or makes threats or uses illegal methods to limit the personal freedom of the Employee, in order to
compel the Employee to conduct work that is prohibited by Chinese law, the Employee shall be entitled to issue written notice
of termination of this Contract to the Company.

 

    	 	5	 

     

    

 

5.6.4 Other
than the circumstances stipulated in Article 5.6.3, at the same time the Employee terminates this Contract, the Employee shall
compensate the Company for the advanced study and training, training expenses that the Company funded during the Term of the Contract
and for the expenses paid directly by the Company to hire the Employee (including but not limited to the expenses of employment
agencies or executive recruitment (headhunting) companies).

 

5.7         Compensation
by the Company.

 

When the following
events occur, the Company shall, in accordance with the provisions stipulated by the relevant Chinese laws and regulations, compensate
the Employee for the harm suffered as a result thereof:

 

5.7.1 The Company
has committed a serious breach of provisions stipulated in Clause 1.4.1 or Article 2, Article 3, or Article 4 of this Contract
and has not been able to stop the conduct in breach of contract after receiving written notification from the Employee indicating
such breach of contract;

 

5.7.2 If the
Company uses violence or makes threats or uses illegal methods to limit the personal freedom of the Employee.

 

5.8         Effective
date of termination.

 

5.8.1 When this Contract expires
in accordance with its provisions, or when terminated or rescinded, Clause 5.8 and Article 6, Article 7, and Article 8 of this
Contract shall remain in effect.

 

5.8.2 Within
seven (7) days after the expiration, termination, or rescission of this Contract, the Employee shall deliver or return to the Company
all the property that belongs to the Company that he has used or kept in his possession, including but not limited to the following:

 

5.8.2.1 All
the equipment, devices, and tools related to the employment that the Company provided for the Employee in accordance with this
Contract;

 

5.8.2.2 All
relevant Company management, operations, production, or product documents, files and records, and any copies of files that the
Employee had in his care, use, or under his control for which he was responsible;

 

5.8.2.3 Lists
of and/or materials regarding the Company’s vendors, customers, and other entities and individuals with which it has relationships;

 

5.8.2.4 The
computer equipment, hardware, disks, hard disks, compact disks or DVDs, and other office supplies provided by the Company. If
the Company suffers from any loss or harm as a result of a breach of the provision stipulated above by the Employee, the Employee
shall assume liability for compensating the Company for the production and operating losses thereby caused.

 

Article 6     Trade
Secrets and Non-Compete Clause

 

6.1         Trade
secrets. The Employee hereby acknowledges that the Company possesses commercial and technical information that can bring economic
benefits to the Company that are not known to people or are not specially designated, and the Company has adopted appropriate measures
to protect said trade secrets and classified commercial information (hereinafter, “Trade Secrets”).The Employee may obtain
and come to know said Trade Secrets because of his employment position at the Company. Said Trade Secrets shall include but are
not limited to the following information and materials:

 

6.1.1 Technical
data and software materials (including design plans and flow charts);

 

    	 	6	 

     

    

 

6.1.2 Lists
of customers, vendors, sales representatives, and dealers;

 

6.1.3 Production
formulas, workflows, blueprints, and designs;

 

6.1.4 Proprietary
technology and patented technology and related materials, whether said proprietary technology and patented technology has already
obtained patent registration;

 

6.1.5 Information
and plans regarding supplies, marketing, and research and development;

 

6.1.6 Financial
information;

 

6.1.7 Records
of the Company’s meetings, decisions, and internal affairs.

 

6.2        The Employee
hereby agrees and guarantees that during the term of his employment in accordance with this Contract and for three years thereafter
the Employee may not use the Company’s Trade Secrets for his individual purposes and interests, and under circumstances
in which he has not receive separate written authorization from the Company, may not disclose said Trade Secrets to any company
or individual, organization, or entity in any form for any purpose. The Employee acknowledges that the Company possesses absolute
property rights to said Trade Secrets, and the Employee shall not raise any objections or claim any rights with regard to the
property rights to said Trade Secrets and unless it is in the name of the Company or with written approval from the Company shall
not himself or in the name of any other individual or company anywhere in the world seek the registration or recording of any
property rights to said Trade Secrets.

 

6.3         Compensation
for breach of contract. The Employee acknowledges that the Employee’s guarantee above to guarantee the Company’s Trade Secrets
and non-compete commitment in this Article is an express precondition for the Company’s agreement to hire the Employee in accordance
with this Contract, and if the Employee breaches any of said obligations it could cause the inestimable losses to the company.
The Employee therefore agrees that any action that breaches or violates the obligations stipulated in this Article shall entitle
the Company to file a lawsuit or request enforcement or a prohibition directly in the courts without going through a labor arbitration
and the Company shall not be required to prove the actual losses that it has sustained, and may ask the court for a decision or
judgment to grant compensation for the prohibitive and indemnifiable losses. The Employee agrees that under circumstances in which
the Company is able to prove that the Employee has breached the obligations stipulated in this Article, the Employee waives the
any right to demand that the Company prove the actual losses that it has sustained as a result.

 

Article 7     Intellectual Property

 

The
Employee agrees that during the period of his employment by the Company in accordance with this Contract, he himself or jointly
with others designs or upgrades any software products with regard to the Company’s products, production, management, sales, or
any other matters related to the Company’s operations, or various kinds of graphical products that he or they create, design,
or improve with regard to the company’s products, plans, work flows designs, or products produced or improved with regard to the
Company’s production facilities and research and development technology related thereto, along with concepts and programs produced
with regard to the Company’s operations management, raw materials supplies, product sales, and market development, as well as
any software products designed or upgraded related to the Company’s production, management, sales, products, or any other items
related to the Company’s operations shall all be regarded as his employment products, inventions, discoveries, and results and
shall be the exclusive property of the Company, The Employee agrees that he shall take all necessary steps (including signing
various types of documents) so that such kinds of works, inventions, discoveries, and results are under the name of the Company
and authorizes the Company to use them and conduct registrations and recordings in the name of the Company, so that the Company
can obtain the corresponding intellectual property rights, and shall not on this basis seek any expenses or compensation from
the Company besides his rightful reward.

 

    	 	7	 

     

    

Article 8     Resolution of Employment
Disputes

 

If any disputes
arise between the Company and the Employee with regard to this Contract, they shall first endeavor to resolve it through amicable
consultation. The consultation shall begin within five (5) days after written notice indicating the existence of the dispute and
requesting resolution of the dispute has been given by one Party to the other Party. If within ten (10) days after the beginning
of the consultation it has not been possible to resolve the dispute, either party may ask the Company’s union organization to
mediate and resolve the dispute. If within sixty (60) days after the aforementioned notice was issued, neither the aforementioned
consultation nor mediation has been able to resolve the dispute, either Party may request arbitration by the Labor Dispute Arbitration
Committee with jurisdiction in the city of Beijing. If either Party refuses to comply with the arbitral award issued by the Labor
Dispute Arbitration Committee, it may file a lawsuit in the People’s Court with jurisdiction within fifteen days after the issuance
of the arbitral award.

 

Article 9     Taxation

 

The Employee
shall be liable for the individual income taxes that must be paid on the salary, bonuses, and various kinds of income received
as compensation paid by the Company to the Employee as stipulated in this Contract, The Company shall withhold in advance the
individual income tax and other tax expenses at the time the salary, bonuses, and other kinds of income for compensation are paid
to the Employee.

 

Article 10     Other Provisions

 

10.1       Language
and text. This Contract has been drafted in Chinese, in two original counterparts, and shall become effective on the aforementioned
Effective Date when signed by the Company and the Employee. The Parties shall each have one counterpart, and both texts shall be
the same original text.

 

10.2       Ability
to sign the Contract. The Employee hereby represents and guarantees that the Employee can legally sign this Contract and be
bound by this Contract. The duties for which the Employee is signing this Contract and the work stipulated in this Contract has
not and shall not breach any other employment contract or agreement that is binding upon the Employee, and shall not breach the
provisions of any other company, organization, or body that are binding upon him.

 

10.3       Validity.
If any clause of this Contract is not in accordance with Chinese laws or regulations, Chinese laws and regulations shall prevail
within the scope of said inconsistency.

 

10.4       Severability.
When any clause stipulated in this Contract conflicts with or becomes invalid or inconsistent on the basis of Chinese law, said
clause or clauses may not influence the effectiveness and the validity of the other clauses of this Contract.

 

10.5       Amendments
in the Contract. Revisions of, amendments to, or supplements to of any article in this Contract must be approved in writing
by both the Company and the Employee and be signed to be valid.

 

10.6       Transfer.
The Employee may not transfer this Contract.

 

10.7       Entire
Agreement. This Contract stipulates the entire agreement reached between the parties with regard to the content of this
Contract, and replaces all previous contracts and understandings with regard thereto. The Company and the Employee may at any
time, with regard to Trade Secrets, the non-compete clause, and/or intellectual property rights, draft contractual provisions
that are more detailed and more strict. Once said contractual provisions become effective, they shall automatically become an
appendix and an integral part of this Contract.

 

10.8       The
interpretation and performance of this Contract shall be conducted on the basis of Chinese law.

 

    	 	8	 

     

    

 

Both Parties hereby sign with the
date as indicated at the beginning of this Contract.

 

	 	 	 
	“The
    Company”	 	“The
    /Employee” (signature and seal)
	 	 	 
	Borqs
    Wireless Ltd. (corporate seal)	 	
	Legal
    Representative or Commissioned Agent (signature or seal)	 	
	 	 	
	[signature]	 	[illegible
    seal]
	[stamp:]
Borqs Wireless Ltd. 	 	/s/
    Bob Xiao Bo Li
	1101050464617“The
        Employee” (signature and seal)
	 	 
	 	 	 
	[illegible
                                         seal]

	 	 

[signature]

 

    	 	9	 

     

    

 

Employment
Contract Renewal Form

 

This renewal
of the Employment Contract Term shall be nine (fixed /open-ended) term Contract, with the renewal being effective beginning on
July 1, 2015 until ________. During the term that this Contract continues to be in effect, the terms and conditions of employment
shall be maintained unchanged.

 

	Legal
    Representative or Commissioned Agent	 	The
    Employee (signature and seal)
	(signature
    or seal)	 	 
	 	 	
	{stamp:]
    Borqs Wireless Ltd. 	 	/s/
    Bob Xiao Bo Li
	1101050464617The
        Employee (signature and seal]
	 	[illegible
    seal]

  

Employment Contract Renewal Form

 

This renewal of the Employment
Contract Term shall be ___ (fixed /indefinite) term Contract, with the renewal being effective beginning on July 1, 2015
until ________. During the term that this Contract continues to be in effect, the terms and conditions of employment shall be
maintained unchanged.

 

	Legal Representative or Commissioned
Agent

(signature or seal)	 	The Employee (signature and seal)
	 	 	 
	 	 	 

 

 

10Exhibit 10.9

 

CONSULTING
AGREEMENT

 

This
Consulting Agreement (“Agreement”) is made and entered into as of April 1, 2015 by and between BORQS Hong Kong
Ltd., with an address of Rm 512,5/F, Tower 1, Silvercord, 30 Canton Road, TST, Kowloon, Hong Kong (the “Company”),
and United Dash Holdings Limited, a BVI company (“UDH” or the “Consultant”) with an address
of 25D, Tower 6, The Palazzo, 28 Lok King Street, Shatin N.T., Hong Kong. Company desires to retain Consultant as an independent
contractor to perform consulting services for Company and Consultant is willing to perform such services, on terms set forth more
fully below. In consideration of the mutual promises contained herein, the parties agree as follows:

 

1.       SERVICES
AND COMPENSATION

 

1.1       Statement
of Work. Consultant shall perform the services in the statement(s)
of work attached as exhibit(s) hereto (each a “Statement of Work”) which Consultant and Company may enter into
from time to time, and which are incorporated by reference herein.

 

1.2       Services.
Consultant shall perform for Company the services (“Services”) described in the applicable Statement of Work.

 

1.3       Fees.
Company shall pay Consultant the compensation set forth in the Statement of Work for the performance of the Services. Such fees
shall be on a time and materials basis, except as may be otherwise set forth in the Statement of Work.

 

2.       CONFIDENTIALITY

 

2.1       Definition.
“Confidential Information” means any Company proprietary information, technical data, trade secrets or know-how,
including, but not limited to, research, product plans, products, services, customers, customer lists, markets, software, developments,
inventions, processes, formulas, technology, designs, drawings, engineering, hardware configuration information, marketing, finances
or other business information disclosed by Company either directly or indirectly in writing, orally or by drawings or inspection
of parts or equipment.

 

2.2       Non-Use
and Non-Disclosure. Consultant shall not, during or subsequent
to the term of this Agreement, use Company’s Confidential Information for any purpose whatsoever other than the performance
of the Services on behalf of Company or disclose Company’s Confidential Information to any third party. It is understood
that said Confidential Information will remain the sole property of Company. Consultant further shall take all reasonable precautions
to prevent any unauthorized disclosure of such Confidential Information including, but not limited to, having each employee of
Consultant, if any, with access to any Confidential Information, execute a nondisclosure agreement containing provisions in Company’s
favor identical to this Section 2. Confidential Information does not include information which (i) is known to Consultant
at the time of disclosure to Consultant by Company as evidenced by written records of Consultant, (ii) has become publicly known
and made generally available through no wrongful act of Consultant, or (iii) has been rightfully received by Consultant from
a third party who is authorized to make such disclosure. Without Company’s prior written approval, Consultant shall not
directly or indirectly disclose to anyone the existence of this Agreement or the fact that Consultant has this arrangement with
Company.

 

     

     

    

 

2.3       Former
Employer’s Confidential Information. Consultant agrees
that Consultant shall not, during the term of this Agreement, improperly use or disclose any proprietary information or trade
secrets of any former or current employer or other person or entity with which Consultant has an agreement or duty to keep in
confidence information acquired by Consultant, if any, and that Consultant shall not bring onto the premises of Company any unpublished
document or proprietary information belonging to such employer, person or entity unless consented to in writing by such employer,
person or entity. Consultant shall indemnify 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 or claimed
violation of a third party’s rights resulting in whole or in part from Company’s use of the work product of Consultant
under this Agreement.

 

2.4       Third
Party Confidential Information. Consultant recognizes that Company
has received and in the future will receive from third parties their confidential or proprietary information subject to a duty
on Company’s part to maintain the confidentiality of such information and to use it only for certain limited purposes. Consultant
agrees that Consultant owes Company and such third parties, during the term of this Agreement and thereafter, a duty 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 the Services for Company consistent with Company’s agreement with such
third party.

 

2.5       Return
of Materials. Upon the termination of this Agreement, or upon
Company’s earlier request, Consultant shall deliver to Company all of Company’s property or Confidential Information
that Consultant may have in Consultant’s possession or control.

 

3.       OWNERSHIP

 

3.1       Assignment.
Consultant acknowledges that all copyrightable material, notes, records, drawings, designs, inventions, improvements, developments,
discoveries and trade secrets (collectively, “Work Product”) conceived, made or discovered by Consultant, solely or
in collaboration with others, during the period of this Agreement which relate in any manner to the business of Company that Consultant
may be directed to undertake, investigate or experiment with, or which Consultant may become associated with in work, investigation
or experimentation in the line of business of Company in performing the Services hereunder, are the sole property of Company.
Consultant further shall assign (or cause to be assigned) and does hereby assign fully to Company all Work Product and any copyrights,
patents, mask work rights or other intellectual property rights relating thereto.

 

3.2       Further
Assurances. Consultant shall assist Company, or its designee,
at Company’s expense, in every proper way to secure Company’s rights in the Work Product and any copyrights, patents,
mask work rights or other intellectual property rights relating thereto in any and all countries, including the disclosure to
Company of all pertinent information and data with respect thereto, the execution of all applications, specifications, oaths,
assignments and all other instruments that Company deems necessary in order to apply for and obtain such rights and in order to
assign and convey to Company, its successors, assigns and nominees the sole and exclusive right, title and interest in and to
such Work Product, and any copyrights, patents, mask work rights or other intellectual property rights relating thereto. Consultant
further agrees that Consultant’s obligation to execute or cause to be executed, when it is in Consultant’s power to
do so, any such instrument or papers will continue after the termination of this Agreement.

 

    	 	2	 

     

    

 

3.3       Pre-Existing
Materials. Consultant agrees that if in the course of performing
the Services, Consultant incorporates into any Work Product developed hereunder any invention, improvement, development, concept,
discovery or other proprietary information owned by Consultant or in which Consultant has an interest, (i) Consultant shall inform
Company, in writing before incorporating such invention, improvement, development, concept, discovery or other proprietary information
into any Work Product; and (ii) Consultant hereby grants Company a nonexclusive, royalty-free, perpetual, irrevocable, worldwide
license to use, reproduce, distribute, perform, display, prepare derivative works of, make, have made, sell and export such item
as part of or in connection with such Work Product. Consultant shall not incorporate any invention, improvement, development,
concept, discovery or other proprietary information owned by any third party into any Work Product without Company’s prior
written permission.

 

3.4       Attorney
in Fact. Where Company is unable because of Consultant’s
unavailability, dissolution, mental or physical incapacity, or for any other reason, to secure Consultant’s signature to
apply for or to pursue any application for any United States or foreign patents or mask work or copyright registrations covering
the Work Product assigned to Company above, then Consultant hereby irrevocably designates and appoints Company and its duly authorized
officers and agents as Consultant’s agent and attorney in fact, to act for and in Consultant’s 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
patents, copyright and mask work registrations thereon with the same legal force and effect as if executed by Consultant.

 

3.5       Warranty.
Consultant hereby represents and warrants that (i) all Work Product shall be performed and provided in a workmanlike manner and
perform according to the agreed upon specifications and Company requirements, (ii) will be the original work of Consultant; (iii)
the Work Product will not infringe the copyright, patent, trade secret, or any other intellectual property right of any third
party; (iv) the Work Product will not be obscene, libelous, or violate the right of privacy or publicity of any third party; (v)
the Work Product will not contain any virus, trap door, worm, or any other device that is injurious or damaging to software or
hardware used in conjunction with the Work Product; and (vi) any software or data portions of the Work Product will operate correctly
and consistently upon dates occurring on or after January 1, 2000.

 

4.         CONFLICTING OBLIGATIONS. Consultant hereby represents and warrants that consultant will not conduct the activities that
is in conflict with any of the provisions of this Agreement, or that would preclude Consultant from complying with the
provisions hereof, and further certifies that Consultant will not enter into any such conflicting Agreement during the term
of this Agreement.

 

Consultant
hereby represents and warrants that consultant will not conduct the activities that would be in conflict with any of the provision
of this agreement.

 

    	 	3	 

     

    

 

5.       TERM
AND TERMINATION

 

5.1       Term.
This Agreement will commence on the date first written above and will continue until the earlier of (i) final completion of the
Services or (ii) termination as provided below.

 

5.2       Termination.
Company may terminate this Agreement or any Statement of Work without cause upon giving one (1) months prior written notice thereof
to Consultant. If Company terminates this Agreement under the prior sentence, Company shall pay to Consultant the fees for any
Services performed before the effective date of termination on a time and materials basis. Company may terminate this Agreement
immediately and without prior notice if Consultant refuses to or is unable to perform the Services or is in breach of any material
provision of this Agreement.

 

5.3       Survival.
Upon such termination all rights and duties of the parties toward each other will cease except: (a) Company shall pay, within
30 days after the effective date of termination, all amounts owing to Consultant for Services completed and accepted by Company
prior to the termination date and related expenses, if any, in accordance with the provisions of Section 1 (Services and Fees);
and (b) Sections 2 (Confidentiality), 3 (Ownership), 6 (Miscellaneous), and 7 (Arbitration and Equitable Relief) will survive
termination of this Agreement.

 

6.       Miscellaneous

 

6.1       Nonassignment
/ Binding Agreement. The parties acknowledge that the unique
nature of Consultant’s services is substantial consideration for the parties’ entering into this Agreement. Neither
this Agreement nor any rights under this Agreement may be assigned or otherwise transferred by Consultant, in whole or in part,
whether voluntarily or by operation of law, without the prior written consent of Company, which consent will not be unreasonably
withheld. Subject to the foregoing, this Agreement will be binding upon and will inure to the benefit of the parties and their
respective successors and assigns. Any assignment in violation of the foregoing will be null and void.

 

6.2       Notices.
Any notice required or permitted under the terms of this Agreement or required by law must be in writing and must be (a) delivered
in person, (b) sent by first class registered mail, or air mail, as appropriate, or (c) sent by overnight air courier, in each
case properly posted and fully prepaid to the appropriate address set forth in the preamble to this Agreement. Either party may
change its address for notice by notice to the other party given in accordance with this Section. Notices will be considered to
have been given at the time of actual delivery in person, three (3) business days after deposit in the mail as set forth above,
or one (1) day after delivery to an overnight air courier service.

 

6.3       Waiver.
Any waiver of the provisions of this Agreement or of a party’s rights or remedies under this Agreement must be in writing
to be effective. Failure, neglect, or delay by a party to enforce the provisions of this Agreement or its rights or remedies at
any time, will not be construed as a waiver of such party’s rights under this Agreement and will not in any way affect the
validity of the whole or any part of this Agreement or prejudice such party’s right to take subsequent action. No exercise
or enforcement by either party of any right or remedy under this Agreement will preclude the enforcement by such party of any
other right or remedy under this Agreement or that such party is entitled by law to enforce.

 

    	 	4	 

     

    

 

6.4       Severability.
If any term, condition, or provision in this Agreement is found to be invalid, unlawful or unenforceable to any extent, the parties
shall endeavor in good faith to agree to such amendments that will preserve, as far as possible, the intentions expressed in this
Agreement. If the parties fail to agree on such an amendment, such invalid term, condition or provision will be severed from the
remaining terms, conditions and provisions, which will continue to be valid and enforceable to the fullest extent permitted by
law.

 

6.5       Integration.
This Agreement (and all Statements of Works) contains the entire agreement of the parties with respect to the subject matter of
this Agreement and supersedes all previous communications, representations, understandings and agreements, either oral or written,
between the parties with respect to said subject matter. No terms, provisions or conditions of any purchase order, acknowledgement
or other business form that either party may use in connection with the transactions contemplated by this Agreement will have
any effect on the rights, duties or obligations of the parties under, or otherwise modify, this Agreement, regardless of any failure
of a receiving party to object to such terms, provisions or conditions. This Agreement may not be amended, except by a writing
signed by both parties.

 

6.6       Confidentiality
of Agreement. Consultant shall not disclose any terms or the
existence of this Agreement to any third party without the consent of Company, except as required by securities or other applicable
laws.

 

6.7       Counterparts.
This Agreement may be executed in counterparts, each of which so executed will be deemed to be an original and such counterparts
together will constitute one and the same agreement.

 

6.8       Independent
Contractors. It is the express intention of the parties that
Consultant is an independent contractor. Nothing in this Agreement will in any way be construed to constitute Consultant as an
agent, employee or representative of Company, but Consultant shall perform the Services hereunder as an independent contractor.
Consultant shall furnish (or reimburse Company for) all tools and materials necessary to accomplish this contract, and will incur
all expenses associated with performance, except as expressly provided on the applicable Statement of Work. Consultant acknowledges
and agrees that Consultant is obligated to report as income all compensation received by Consultant pursuant to this Agreement,
and Consultant acknowledges its obligation to pay all self-employment and other taxes thereon. Consultant further shall indemnify
and hold harmless Company and its directors, officers, and employees from and against all taxes, losses, damages, liabilities,
costs and expenses, including attorney’s fees and other legal expenses, arising directly or indirectly from (i) any negligent,
reckless or intentionally wrongful act of Consultant or Consultant’s assistants, employees or agents, (ii) a determination
by a court or agency that the Consultant is not an independent contractor, or (iii) any breach by the Consultant or Consultant’s
assistants, employee or agents of any of the covenants contained in this Agreement.

 

    	 	5	 

     

    

 

6.9       Benefits.
Consultant acknowledges that Consultant will receive no Company- sponsored benefits from Company either as a Consultant or employee,
where benefits include without limitation paid vacation, sick leave, medical insurance, MPF or other any social insurance required
by law.

 

7.       ARBITRATION
AND EQUITABLE RELIEF

 

7.1       Disputes.
Except as provided in Section 7.4, Company and Consultant agree that any dispute or controversy arising out of, relating to or
in connection with the interpretation, validity, construction, performance, breach or termination of this Agreement shall be finally
settled under the Rules of Arbitration of the International Chamber of Commerce (“Rules”) by one or more arbitrators
appointed in accordance with the said Rules. The place of arbitration shall be in Hong Kong at Hong Kong International Arbitration
Center. The arbitrator may grant injunctions or other relief in such dispute or controversy. The decision of the arbitrator(s)
will be final, conclusive and binding on the parties to the arbitration. Judgment may be entered on the arbitrator’s decision
in any court of competent jurisdiction.

 

7.2       Governing
Law. The arbitrator(s) must apply Hong Kong law to the merits
of any dispute or claim, without reference to conflicts of law rules. Consultant hereby consents to the personal jurisdiction
of the courts located in Hong Kong for any action or proceeding arising from or relating to this Agreement or relating to any
arbitration in which the parties are participants.

 

7.3       Costs.
Company and Consultant shall each pay one-half of the costs and expenses of such arbitration, and each shall separately pay its
counsel fees and expenses unless otherwise required by law.

 

7.4       Equitable
Relief. The parties may apply to any court of competent jurisdiction
for a temporary restraining order, preliminary injunction, or other interim or conservatory relief, as necessary, without breach
of this arbitration agreement and without abridgment of the powers of the arbitrator.

 

7.5       Acknowledgment.
CONSULTANT HAS READ AND UNDERSTANDS THIS SECTION 7. CONSULTANT UNDERSTANDS THAT BY SIGNING THIS AGREEMENT, CONSULTANT WILL BE
OBLIGATED TO SUBMIT ANY CLAIMS ARISING OUT OF, RELATING TO, OR IN CONNECTION WITH THIS AGREEMENT, OR THE INTERPRETATION, VALIDITY,
CONSTRUCTION, PERFORMANCE, BREACH OR TERMINATION THEREOF, TO BINDING ARBITRATION, EXCEPT AS PROVIDED IN SECTION 7.4, AND THAT
THIS ARBITRATION CLAUSE CONSTITUTES A WAIVER OF CONSULTANT’S RIGHT TO A JURY TRIAL AND RELATES TO THE RESOLUTION OF ALL
DISPUTES RELATING TO ALL ASPECTS OF THE RELATIONSHIP BETWEEN THE PARTIES.

 

7.6       Indemnity.
Consultant shall indemnify and hold harmless Company from any losses, liabilities, damages, claims, payments, liens, judgments,
demands, costs and expenses (including reasonable attorney’s fees) arising out of any act or omission of Consultant, or
Consultant’s performance or breach of this Agreement.

 

    	 	6	 

     

    

 

The
parties have executed this Agreement below to indicate their acceptance of its terms.

 

	“CONSULTANT”	 	“COMPANY”
	 	 	 	 	 
	United Dash Holdings Limited	 	BORQS Hong Kong Ltd
	 	 	 	 	 
	By: 	/s/ Anthony Chan	 	By:	 /s/ Pat Chan
	Print Name: Anthony Chan	 	Print Name: Pat Chan
	Title: President	 	Title: CEO

 

    	 	7	 

     

    

 

EXHIBIT
A

 

STATEMENT
OF WORK

 

Terms
and Conditions

 

		A.	Engagement.
                                         BORQS hereby retains UDH for the purpose of providing corporate finance and related consulting
                                         services to BORQS including but not limited to: financial accounting and reporting, financial
                                         planning and budgeting, working with the Company’s independent auditors, negotiating
                                         with investors and bankers, fundraising from private and/or public sources, compliance
                                         with governmental rules and regulations, listing of the Company’s shares on an
                                         exchange either in the U.S., Hong Kong or China, negotiating M&A transactions, and
                                         representing the Company on financial matters (the “Services”).

 

		B.	Performance
                                         of Consulting Services. During the term hereof, UDH shall provide the above said
                                         Services by appointing Mr. Anthony K. Chan (the “Executive”) to personally
                                         handle all tasks related to such Services.

 

		C.	Position:
                                         Senior Vice President Corporate Finance 高级副总裁 企业融资,
                                         this position will be based in the location that designated by company and report to
                                         CEO directly.

 

		D.	Consulting
                                         fee: The consultant shall receive a monthly compensation in the amount of Twelve
                                         thousand and five hundred US Dollars (US$12,500) per month. The amount of the consulting
                                         fee shall be reviewed periodically by the company upon the consultant’s actual
                                         performance and contribution. Payment shall be wired by company before the 5th working
                                         day of the month for the prior month services.

 

		E.	Compensation
                                         in Stock. In addition, Consultant shall be paid in common shares of the Company under
                                         the following circumstance that the Executive successfully transacts by and before December
                                         31, 2015:

 

		i)	A
                                         listing of the Company’s stock on an exchange in the U.S.: 0.4% of the Company’s
                                         outstanding common stock at the completion of the listing; or

 

		ii)	A
                                         round of private financing for the Company of not less than US$20 million: 500,000 stock
                                         options; or

 

		iii)	A
                                         sale of the Company to a buyer who has its A shares listed on the Shanghai Stock Exchange:
                                         500,000 stock options.

 

		iv)	The
                                         final amounts and details of the Compensation in Stock shall be subject to approval of
                                         the Board of Directors of the Company.

 

		F.	The
                                         term of the agreement shall be Nine (9) months, effective as of April 1st, 2015. Unless
                                         both parties mutually agree to extend the term of this agreement, the term of this agreement
                                         shall expire automatically on the expiration date. The agreement can be renewed for an
                                         additional time period as agreed by both parties. The agreement can be terminated earlier
                                         by either party by giving one month’s prior written notice.

 

     

     

    

 

		G.	Expense
                                         authorized for reimbursement by the Company: Business related expenses of the Executive,
                                         including travel, meals and living accommodations incurred in the course of performing
                                         the Services, shall be promptly paid or reimbursed by the Company within 10 business
                                         days after submission by the Executive. Consultant will be expected to provide expense
                                         report for such out of pocket costs the Company has authorized to be reimbursed, except
                                         that meals and living accommodations shall be the Executive’s own responsibility
                                         while the Executive is working in the city of Beijing and in the San Francisco Bay Area.

 

The
parties have executed this Statement of Work below to indicate their acceptance of its terms.

 

	“CONSULTANT”	 	“COMPANY”
	 	 	 	 	 
	United Dash Holdings Limited	 	BORQS Hong Kong Ltd
	 	 	 	 	 
	By: 	/s/ Anthony Chan	 	By:	 /s/ Pat Chan
	Print Name: Anthony Chan	 	Print Name: Pat Chan
	Title: President	 	Title: CEO

 

    2

     

    

 

EXHIBIT
B

 

Wire
Transfer

 

Bank
Account information of consultant: UNITED DASH HOLDINGS LIMITED

 

Bank
Name: Hong Kong and Shanghai Banking Corporation (HSBC)

 

Bank
Address: No.1 Queen’s Road Central, Hong Kong

 

Account
Name: UNITED DASH HOLDINGS LIMITED

 

Account
No: 500 709738 838

 

Bank
Swift: HSBCHKHHHKH

 

 

  

 

 

 

 

 

 

 

I
confirm the above bank information that I have provided is correct.

 

	/s/
    Anthony Chan	 
	Consultant
    ANTHONY CHAN

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