Document:

Exhibit 10.4

 

Translation of Employment Agreement with
Jianming Wu

 

Party A: Zhejiang Forest Energy Tech
Ltd.

 

Party B: Wu Jianming

 

Effective: 2011-02-25

 

Position: General Manager, Capacitance
Carbon Sector

 

Salary for the trial period: 15,000
yuan, other subsidies will follow Company policy. Increases or decreases of the salary, bonus, overtime compensation, etc. of Mr.
Wu will be implemented according to applicable law.

 

Terms for amending or terminating the Agreement:

 

1. The Agreement may be
amended upon the occurrence of the following: (i) the Company’s converting and adjusting of the production task prevents
the continuation of the Agreement; (ii) Mr. Wu is determined not competent for the position after a Company evaluation; and (iii)
the Agreement cannot be performed due to force majeure or other law, regulations or polices.

 

The Company shall not
require Mr. Wu to perform tasks beyond what is required in the Agreement unless: a natural disaster or accidents affects the Company’s
normal operations, or the Company’s operating conditions require a temporary job transfer within the Company.

 

2. Termination of the
Agreement by the Company: (i) Mr. Wu’s failure of a Company evaluation during the trial period; (ii) Mr. Wu seriously violates
the regulations or company policies of the Company; (iii) Mr. Wu’s dereliction of duty causes major damages for the Company;
or (iv) Mr. Wu is convicted of a crime.

 

Under the following circumstances
the Company needs to provide written notice to Mr. Wu prior to terminating the Agreement: (i) due to Mr. Wu’s health condition,
he cannot continue to perform his job; (ii) Mr. Wu shows incompetence even after extra training or a job transfer; (iii) any condition
precedent that the Agreement was based on doesn’t exist anymore and an agreement cannot be reached to change the terms of
the Agreement; (iv) the Company files for bankruptcy or is in the process of filing for bankruptcy; and (v) the Company’s
operating condition reaches the government’s standards of “Enterprises in Operation Difficulty.”

 

Under the following circumstances
the Company may not terminate the Agreement: (i) prior to the expiration of the Agreement’s term; (ii) occupational hazards
or work related injuries prevent Mr. Wu from working; (iii) Mr. Wu is forced to recover from a work related injury; or (iv) Mr.
Wu is on paternity leave.

 

Under the following circumstances
Mr. Wu can terminate the Agreement: (i) at any time during the trial period; (ii) he is physically forced by the Company to perform
the job; (iii) he is not paid pursuant to the terms of the Agreement; or (iv) the Company’s poor work conditions causes Mr.
Wu health problems.

 

    	 

    	 

    

 

Under the following circumstances
Mr. Wu may terminate the Agreement upon 30 days’ notice to the Company: (i) with Company’s prior consent, (ii) upon
Mr. Wu’s acceptance to an academic program; (iii) Mr. Wu has legitimate reasons for a reasonable job flow; or (iv) Mr. Wu
decides to relocate outside of China.

 

Under the following circumstances
Mr. Wu may not terminate the Agreement: (i) he is the lead responsible person for a major technology research project, major construction
project and the projects have not yet been completed; (ii) during the term of confidentiality, (iii) Mr. Wu is involved in confidential
assignments; (iv) Mr. Wu is under an ongoing criminal investigation; or (v) Mr. Wu is under Company probation.

 

The Agreement can be terminated
with both parties’ consent without violating the nation’s and the society’s interest.

 

If needed, the Agreement
may be renewed.

 

Social insurance and welfare: 

 

Both parties will participate in pension insurance.
The Company will pay for Mr. Wu’s insurance for work-related injuries, and will follow applicable law regarding health insurance.

 

Mr. Wu will be entitled to vacations, family
visit, bereavement, and maternal leaves.

 

Responsibility for breaching the Agreement:
any party that breaches the Agreement shall take full lawful responsibility; no party shall bear any responsibility if it is a
force majeure that causes the termination of the Agreement; and any party who causes loss to the other party will pay compensation
accordingly.

 

Other terms:

 

Mr. Wu shall be subject to confidentiality
restrictions.

 

Both parties agree that the labor compensation
indicated in this Agreement includes Non-compete compensation.

 

Any disputes between two parties can be brought
up to the Arbitration Commission or even to the People’s Court.

 

Mr. Wu’s travel for study abroad, visits
or oversea exhibits will be paid by the Company and Mr. Wu shall serve the Company for at least two years after returning from
such trips before leaving his employment or Mr. Wu is required to reimburse the Company for training costs.

 

The Agreement was signed on 2011-02-25.Exhibit 10.5

 

Translation of Employment Agreement with
Qingsong Dong

 

Party A: Zhejiang Forest Energy Tech
Ltd.

 

Party B: Dong Qingsong

 

Effective: 2013-2-28

 

Position: Manager of the Accounting/Finance
Department. Mr. Dong shall follow all national and lawful accounting regulations in performance of his duties. He shall formulate
and revise the company's accounting management system. He shall organize auditing and conduct accounting management. He shall establish
applicable accounting models and accounting systems for the Company, and will be in charge of all basic accounting duties. He shall
review all accounting staff to help improve their qualifications. He shall be in charge the Company’s cost management. He
shall be responsible for the Company’s various expenses and audit processes. He shall be in charge of finance in terms of
income, expense, cost, profits, tax and etc. He shall be knowledgeable of all tax policy in China to help with the Company’s
tax issues. He shall understand all bank finance policies, regulations, etc. to help with the Company’s operations. He shall
act as an liaison between the Company and accounting and law firms. He shall be in charge of reviewing all financial reports or
other related materials. He shall be in charge of analyzing any financial reports and financial statements of the Company.

 

During the trial period, Mr. Dong’s
annual salary shall be 80,000 yuan. Any increase of the salary, any bonus, subsidies, etc., will be subject to Company policy.

 

Terms of changing or terminating the Agreement.

 

Under the following circumstances, with both
party's agreement, the Agreement may be amended or terminated.

 

The Company has to transfers its operation
or adjust its production tasks, which prevents the continuation of the Agreement; Mr. Dong is determined not qualified for his
position after a thorough Company review; the Agreement cannot be continued due to force majeure; and the Agreement cannot continued
because of other conditions by applicable law.

 

The Company shall not require Mr. Dong to
conduct work beyond what is stated in the Agreement except upon a natural disaster or accidents that prevents the Company’s
normal operations. Temporarily, the Company may require Mr. Dong to perform his job beyond what is stated in the Agreement due
to its operational needs but only if it is within the first month of Mr. Dong’s employment.

 

Termination of the Agreement by the Company:
The Company may terminate the Agreement if Mr. Dong fails an evaluation during the trial period; Mr. Dong seriously violates the
regulations or policies of the Company; Mr. Dong’s dereliction of duty causes damages for the Company; or Mr. Dong is convicted
of a crime.

 

    	 

    	 

    

 

Under the following circumstances the Company
needs to provide written notice to Mr. Dong prior to terminating the Agreement: (i) due to Mr. Dong’s health condition, he
cannot continue to perform his job; (ii) Mr. Dong shows incompetence even after extra training or a job transfer; (iii) any condition
precedent that the Agreement was based on doesn’t exist anymore and an agreement cannot be reached to change the terms of
the Agreement; (iv) the Company files for bankruptcy or is in the process of filing for bankruptcy; and (v) the Company’s
operating condition reaches the government’s standards of “Enterprises in Operation Difficulty.”

 

Under the following circumstances
the Company may not terminate the Agreement: (i) prior to the expiration of the Agreement’s term; (ii) occupational hazards
or work related injuries prevent Mr. Dong from working; (iii) Mr. Dong is forced to recover from a work related injury; or (iv)
Mr. Dong is on paternity leave.

 

Under the following circumstances
Mr. Dong can terminate the Agreement: (i) at any time during the trial period; (ii) he is physically forced by the Company to perform
the job; (iii) he is not paid pursuant to the terms of the Agreement; or (iv) the Company’s poor work conditions causes Mr.
Dong health problems.

 

Under the following circumstances
Mr. Dong may terminate the Agreement upon 30 days’ notice to the Company: (i) with Company’s prior consent, (ii) upon
Mr. Dong’s acceptance to an academic program; (iii) Mr. Dong has legitimate reasons for a reasonable job flow; or (iv) Mr.
Dong decides to relocate outside of China.

 

Under the following circumstances
Mr. Dong may not terminate the Agreement: (i) he is the lead responsible person for a major technology research project, major
construction project and the projects have not yet been completed; (ii) during the term of confidentiality, (iii) Mr. Dong is involved
in confidential assignments; (iv) Mr. Dong is under an ongoing criminal investigation; or (v) Mr. Dong is under Company probation.

 

The Agreement can be terminated
with both parties’ consent without violating the nation’s and the society’s interest.

 

If needed, the Agreement
may be renewed.

 

Social insurance and welfare: 

 

Both parties will participate in pension insurance.
The Company will pay for Mr. Dong’s insurance for work-related injuries, and will follow applicable law regarding health
insurance.

 

Mr. Dong will be entitled to vacations, family
visit, bereavement, and maternal leaves.

 

Responsibility for breaching the Agreement:
any party that breaches the Agreement shall take full lawful responsibility; no party shall bear any responsibility if it is a
force majeure that causes the termination of the Agreement; and any party who causes loss to the other party will pay compensation
accordingly.

 

Other terms:

 

Mr. Dong shall be subject to confidentiality
restrictions.

 

Both parties agree that the labor compensation
indicated in this Agreement includes Non-compete compensation.

 

Any disputes between two parties can be brought
up to the Arbitration Commission or even to the People’s Court.

 

Mr. Dong’s travel for study abroad,
visits or oversea exhibits will be paid by the Company and Mr. Dong shall serve the Company for at least two years after returning
from such trips before leaving his employment or Mr. Dong is required to reimburse the Company for training costs.

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