Document:

Exhibit 10.5

 

Sichuan Senmiao Ronglian Technology Co., Ltd.

 

Employment Contract

 

Contract No.: XZ-LDHT2018012

 

Party A (Employer): Sichuan Senmiao
Ronglian Technology Co., Ltd.

 

Legal Representative (or Chief Executive):
Hu Xiang

 

Add.: 16th Floor, Block 1, No. 1098,
Jiannan Avenue, Chengdu High-tech Industrial Development Zone, Sichuan, PRC 

 

Business License No.: 91510000309351968T

 

Party B (Employee): Liu Haitao    Sex:
Male    Educational Level: Master’s Degree

 

ID Card No.: 510102197205175331     Date
of Birth: May, 1972 

 

Registered Permanent Residence: Room
4, 10th Floor, Unit 3, Building 12, No. 1 Huarun Road, Jinjiang District, Chengdu, Sichuan

 

Present Address: Room 4, 10th Floor,
Unit 3, Building 12, No. 1 Huarun Road, Jinjiang District, Chengdu, Sichuan

 

Tel.: 13881990808   Post Code: _______

 

This Employment Contract is made by and
between the Parties through equal negotiation on the principle of good faith in accordance with the provisions of the Labor
Law of the People’s Republic of China and the Labor Contract Law of the People’s Republic of China and relevant
laws and regulations with a view to establish a labor relationship between the Parties and to define the rights and obligations
of the Parties.

 

Article I Term of the Employment Contract

 

(I) Term of the Employment Contract

 

The Term of the Contract is      1     .
(Please choose one from the following options.)

 

1. Fixed term: The Contract is valid for
     one      year(s), commencing from August 1, 2018 and ending on July 31, 2019.

 

2. Unfixed term: The Contract is valid
from      /      to the satisfaction of the statutory conditions.

 

3. The Term of the Contract expires upon
the completion of a given assignment: The Contract is valid from      /      to the confirmation of the Party B’s completion
of the assignment by Party A. The Contract shall be terminated upon the completion of such assignment.

 

(II) Probation Period

 

The Parties agree that the probation period
shall be determined by the 2nd means below (the probation period is included in the Term of the Employment Contract):

 

1. No probation period.

 

2. The probation period is from August
1, 2018 to August 31, 2018.

 

(If the term of the employment contract
is more than three months and shorter than one year, the probation period shall not exceed one month; if the term of the employment
contract is more than one year and shorter than three years, the probation period shall not exceed two months; for the employment
contract with a term of more than three years and with unfixed term, the probation period shall not exceed six months.)

 

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Article II Work Description and Location

 

(I) Party A shall arrange Party B’s
position according to the production (work) needs, and provide the necessary production (work) conditions for Party B.

 

(II) The production (work) responsibilities
and tasks of Party B’s position: as designated and required by Party A.

 

(III) Party B shall complete the work in
accordance with the requirements of Party A for the production (work) task and responsibilities of the position, with the quantity
and quality of the work satisfying the requirements of Party A.

 

(IV) Party B’s work location: as
designated and arranged by Party A.

 

Article III Labor Protection, Working
Conditions and Vocational Training

 

(I) Party A must establish and improve
the Labor Safety and Health system, Operating Procedures and Work Specifications, and provide Party B with safety and health education
to avoid any operations and directions not in compliance with the policies.

 

(II) Party A must provide Party B with
a labor safety and health environment and necessary labor protection devices according to national standards, and inform Party
B of the work (production) position, the occupational hazard factors, potential occupational diseases and their consequences. Party
A shall regularly arrange for Party B engaging in work with occupational hazards to take health examination pursuant to relevant
regulations of China.

 

(III) Special protection shall be provided
by Party A to female and minor workers. During the pregnancy, confinement and lactation of female workers, Party A shall provide
them with labor protection as required by relevant regulations of China.

 

(IV) Party A shall provide Party B with
necessary vocational training or provide necessary assistance for Party B’s vocational training.

 

Article IV Labor Disciplines

 

(I) Party A shall formulate and improve
its internal rules and policies and labor disciplines according to the laws to legally regulate and manage Party B.

 

(II) Party B shall strictly abide by the
rules and policies developed by Party A according to the laws, and obey Party A’s management, arrangement, assessment and
decisions of rewards and punishments.

 

Article V Working Hours, Time Off and
Vacation

 

(I) Party A determines that the working
system 1 below is applicable to Party B.

 

1. Standard working hour system: Party
B’s working hours arranged by Party A shall be no more than eight hours per day, and not more than 40 hours per week. After
negotiation with Party B, Party A may extend Party B’s working hours according to work needs. Generally, such extension shall
be no more than one hour per day. In the event of extension of working hours due to special needs, without prejudice to Party B’s
health, such extension shall not exceed three hours per day and thirty six hours per month, except for Party B’s voluntary
overtime work for his/her own reasons.

 

2. Comprehensive working hour system: the
average daily working hours must not exceed eight hours, and the average weekly working hours shall not exceed 40 hours. After
negotiation with Party B, Party A may extend Party B’s working hours according to work needs.

 

3. Flexible working hour system. The working
hours, time off and vacation shall be agreed by the Parties.

 

(II) Party B shall be entitled to statutory
holidays, marriage leave, maternity leave, bereavement leave and other holidays as required by laws and regulations.

 

Article VI Remuneration

 

(I) Party A will pay Party B salary pursuant
to the minimum wage standard of Chengdu, Sichuan and the remuneration system of the Company (Party A may determine, at its own
discretion, the pay level and distribution form according to the laws pursuant to its operational characteristics and economic
benefits). If the minimum wage standard of Chengdu, Sichuan is adjusted, new minimum wage standard shall be applicable immediately.
Party A is entitled to unilaterally adjust Party B’s salary according to the performance and work achievement of Party B,
provided that such salary shall not be lower than the minimum wage standard of Chengdu, Sichuan. Party B’s salary during
probation period shall be determined unilaterally by Party A and shall be no lower than the minimum wage standard of Chengdu, Sichuan.

 

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(II) Party A shall pay Party B the salary
of previous month by the 10th day every month. If the due date falls on a statutory holiday or time off, the salary shall
be paid in advance on the nearest working day.

 

(III) If overtime work is required by Party
A, Party B is entitled to compensatory time off or overtime pay in accordance with the standard stipulated by China laws. The payment
standard and time of overtime pay shall be subject to relevant policies of Party A. However, Party A will not make overtime
pay for overtime work due to Party B’s own reasons (including, but not limited to, involuntarily overtime work due to Party
B’s failure in the completion of the assigned duties on time, Party B’s voluntary overtime work for the early completion
of the assigned duties and for the improvement of Party B’s performance, etc.).

 

(IV) In the event of Party A’s shutdown,
suspension of operation or closure of business due to Party A’s fault or other force majeure events, if the duration of which
is not more than a salary payment cycle, Party A shall pay Party B the salary in accordance with the salary standard stipulated
in this Contract; if the duration of such suspension is more than one salary payment cycle, and Party B provides the normal services,
the salary paid to Party B shall be no lower than the minimum wage standard promulgated by the local government.

 

Article VII Insurances and Benefits

 

(I) Party A must purchase and maintain
social insurances for Party B in accordance with the relevant national and local regulations, and make the full payment and withholding
of Party B’s primary social insurance fees (including pension insurance, unemployment insurance, medical insurance, employment
injury insurance, maternity insurance for female workers, etc.) on time.

 

(II) Party A may establish internal detailed
rules of the employees’ benefits based on the practical situation of the Company and in accordance with the laws.

 

Article VIII Amendment to the Contract

 

In the event of any of the following events,
the Parties may amend this Contract:

 

(I) Mutual agreement is reached between
the Parties;

 

(II) Party B is not competent for the work
stipulated in the Contract;

 

(III) Impossibility of performance of the
Contract due to force majeure or any major changes in other objective circumstances based on which the Contract was made. For the
purpose of this Contract, major changes include, but are not limited to, Party A’s modification of production project, adjustment,
cancellation and merger of organization, downsizing, personnel dispatch, etc.

 

Article IX Termination of the Contract

 

In the event of any of the following events,
this Contract shall terminate immediately:

 

(I) The term of this Contract expires;

 

(II) Party B meets the statutory conditions
for retirement;

 

(III) Other events for termination as provided
for in the laws and regulations.

 

Article X Cancellation of the Contract

 

(I) Party A and Party B may cancel this
Contract by mutual agreement.

 

(II) In the event of any of the following
events, Party A may cancel this Contract at any time:

 

1. Any academic certificate and/or resume
and/or qualification certificate provided by Party B to Party A is false;

 

2. Party A believes that Party B does not
meet the conditions of employment during the probation period;

 

3. Party B does not abide by Party A’s
internal management system and policies, and Party B still fails to comply with such system and policies after the receipt of written
warning from Party A.

 

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4. Party B violates Party A’s work-and-rest
system and employment policies and has been warned by Party A for more than three times.

 

5. Gross neglect of duty or jobbery by
Party B, causing significant damage to Party A’s interests;

 

6. Party B establishes an employment relationship
with any third party while employed by Party A, or an employment per se relationship has been established and had an impact on
Party A’s work task, or Party B refuses to remedy after the receipt of notice from Party A.

 

7. Other events as stipulated in Article
39 of the Labor Contract Law.

 

(III) In the event of any of the following
events, Party A may cancel the Contract by notifying Party B in writing 30 days in advance or paying Party B one-month salary:

 

1. Party B is unable to perform his/her
original work or any new work duties arranged by Party A after the expiration of medical treatment period for illness or non-work
injury;

 

2. Party B is incapable for his/her work
(referring to that Party B cannot achieve the business indicators stipulated by Party A on schedule), and remains incapable even
after receiving a training or an adjustment to another position; and/or Party B fails to achieve the business indicators stipulated
by Party A for two consecutive assessment periods under any circumstances.

 

3. The Parties cannot agree to an amendment
to the Contract in accordance with the provisions of Section 3 of Article 8 herein.

 

(IV) In the event of any of the following
events of Party B, Party A shall not cancel this Contract in accordance with the provisions of the preceding paragraph.

 

1. Party B is confirmed to have fully or
partially lost the ability to work by Labor Appraisal Committee due to occupational diseases or work-related injuries;

 

2. Party B is within the medical treatment
period for diseases or non-work injuries; or

 

3. Other events as stipulated in Article
42 of the Labor Contract Law.

 

(V) Party B may cancel the Contract by
notifying Party A 30 days in advance (3 days advance notice for probation period) in writing, except that Party B holds any post
of Party A or performs any key task and that the Parties agree it shall not cancel the Contract.

 

(VI) In the event of any of the following
events of Party A, Party B may cancel this Contract at any time:

 

1. Failure to provide labor protection
or working conditions as stipulated in the Employment Contract;

 

2. Party A forces Party B to work by resorting
to violence, intimidation or illegal restriction of personal freedom; or

 

3. Other events specified in Article 38
of the Labor Contract Law.

 

Article XI In the event of the termination
or cancellation of the Contract, Party A shall issue a termination or cancellation certificate upon the termination or cancellation
of the Contract, and complete the transfer of Party B’s personnel files and social insurance relations within 15 days (for
which Party A shall not delay or reject without reasonable reason).

 

Article XII Renewal of the Contract

 

(I) Upon the expiration of the term of
this Contract, the Parties may renew the Contract after negotiation.

 

(II) If the Contract is renewed for a fixed
term twice consecutively, a unfixed-term employment contract shall be made by the Parties unless Party B proposes to conclude a
fixed-term employment contract.

 

Article XIII Economic Compensation and
Liabilities for Breach of Contract

 

(I) During the term of the Contract, in
any case stipulated in Article 46 of the Labor Contract Law, Party A shall pay Party B economic compensation. The compensation
shall be made in accordance with the Labor Contract Law and relevant national and local regulations.

 

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(II) During the term of the Contract, if
Party B cancels this Contract in advance, Party A is entitled to request Party B to compensate for the training expenses and recruitment
expenses incurred for Party B, except for the cases stipulated in Section 6 of Article 10 of this Contract. The compensation shall
be made in accordance with relevant national and local regulations.

 

Article XIV Settlement of Labor Disputes

 

In the event of any dispute arising from
the performance of this Contract, the Parties may apply to Chengdu Labor Dispute Mediation Committee for mediation, or apply to
the competent labor dispute arbitration committee for arbitration in writing within 60 days from the date of the occurrence of
the dispute. If any party is dissatisfied with the arbitral award, such party may file a lawsuit in the local People’s Court
where Party A is located.

 

Article XV Code of Conduct

 

(I) Party B undertakes to abide by the
following codes:

 

1. To comply with the rules and regulations
of national laws and regulations and normative documents, and abide by social ethics;

 

2. To comply with the Company’s employee
handbooks;

 

3. To adhere to the principle of good faith

 

4. To undertake the obligation of confidentiality
for Party A’s business secrets and customer information;

 

8. To protect the Company’s property,
maintain the Company’s normal work order, and keep the work environment clean and tidy;

 

9. To protect the Company’s image,
be well-groomed, dress neatly, and behave in a civilized manner;

 

10. Other codes of conduct to be followed.

 

(II) Party B undertakes that he/she will
not:

 

1. do anything that is detrimental to Party
A’s interests, image and reputation;

 

2. violate national laws and regulations;

 

3. violate Party A’s rules and policies;

 

4. disclose Party A’s internal information
such as Party A’s trade secrets, internal management system, performance appraisal distribution method, and benefits system
to any third party other than Party A;

 

5. use Party A’s trade secrets for
the purpose outside the scope of the work;

 

6. acquire Party A’s trade secrets
if have no powers or authorities;

 

7. copy Party A’s trade secrets if
not needed by the work;

 

8. store the carrier containing Party A’s
trade secrets for the purpose outside the scope of the work; and

 

9. when the Parties terminate the labor
contract, all the carriers (including copies) containing Party A’s trade secrets controlled by Party B shall not be taken
away.

 

Article XVI Other Matters Agreed by
the Parties

 

(I) Party A’s rules and policies
(including the rules and policies added or revised after the signing of this Contract) are an integral part of this Contract and
have the same effect as this Contract;

 

(II) Party A is entitled to make any adjustment
to Party B’s position according to the needs of its business development. Party A is entitled to adjust Party B’s compensation
after such adjustment of position.

 

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(III) If Party B holds a position in Party
A, the position and employment period shall be subject to Party A’s notice, and Party A is entitled to unilaterally appoint
or dismiss or promote or demote Party B;

 

(IV) Party A is entitled to verify and
use the personal information in employee’s resume, information sheet and other materials.

 

(V) During the employment and after the
termination of the labor relationship, Party B shall keep the following commitments:

 

1. The intellectual property rights created
by Party B during his/her employment by Party A or developed within 24 months after termination of employment that are related
to the duties of Party B in Party A or the completion of the tasks assigned by Party A are the properties of Party A;

 

2. During the employment and after termination
of employment, without prior written permission of Party A, Party B shall not encroach, use or arbitrarily reproduce or take away
any documents or materials possessed by Party A in any form;

 

3. Within 24 months from termination of
employment, if Party A needs to obtain and maintain the intellectual property rights, Party B shall execute relevant documents
or provide necessary assistance as required by Party A.

 

4. Party A has established and adopted
systems and measures to protect confidential information, and Party B shall undertake to understand, comply with and obey such
systems and measures;

 

5. At any time during the employment and
after the demission, Party B shall not directly or indirectly, in whole or in part, disclose, publish, use Party A’s confidential
information for private purposes or for earning profits for others, unless such use has been approved by Party A in writing or
Party B can evidence that the information has been legally disclosed.

 

(VI) Party B has read and understood Party
A’s rules and policies, job responsibilities, notices and announcements, and undertakes to comply with them. Party B also
undertakes to comply with any new rules and management policies developed by Party A hereafter.

 

Party B has read, understood Party A’s
rules and policies, job responsibilities, notices and announcements, and undertakes to comply with them. Party B also undertakes
to comply with any new rules and management policies developed by Party A in the future. (Handwritten)

 

Article XVII Matters not covered in this
Contract shall be agreed upon by the Parties through negotiation. If there are laws for such matters, such national regulations
shall be applicable. During the term of the Contract, if any provision herein is inconsistent with the newly enacted laws, regulations,
rules and policies of China, such new laws, regulations, rules and policies shall prevail.

 

Article XVIII If any supplementary agreement
or modification agreement is made by the Parties afterwards, a written supplementary agreement or modification agreement shall
be executed by the Parties.

 

Article XIX The Contract is made in duplicate,
with each party holding one copy, which shall have the equal effect and becomes effective from the date of signing and sealing
by the Parties.

 

	Party A (Seal): Sichuan Senmiao Ronglian Technology 	Party B (Signature):
	Co., Ltd. 5101099970692	 
	[Company Seal Affixed Here]	/s/ Liu Haitao
	 	Liu Haitao
	Date:	Date: August 1, 2018

 

    Page 6 of 6Exhibit 10.6

 

Sichuan Senmiao Ronglian Technology Co., Ltd. 

 

Sichuan Senmiao Ronglian Technology Co.,
Ltd.

 

Non-Disclosure Agreement

 

Party A: Sichuan Senmiao Ronglian Technology
Co., Ltd. 

 

Add.: Room 1602, 16th Floor, Block 1,
No. 1098, Middle Jiannan Avenue, Chengdu High-tech Industrial Development Zone, China (Sichuan) Pilot Free Trade Zone, Sichuan,
PRC.

 

Legal Representative: Hu Xiang

 

Tel.: 028-85138158

 

Party B: Liu Haitao

 

ID Card No.: 510102197205175331

 

Add.: Room 4, 10th Floor, Unit 3, Building
12, No. 1 Huarun Road, Jinjiang District, Chengdu, Sichuan

 

Tel: 13881990808

 

Whereas,

 

I. Party B entered into an ☑ Employment
Contract □ Service Contract with Party A on August 1, 2018, and was employed to act as [CEO];

 

II. During the employment, Party B may
know or use Party A’s trade secrets, or may produce computer software, technical secrets or other trade secret information
due to the performance of its duties;

 

III. Party B is fully aware that Party
A’s trade secrets, including intellectual property rights and trade secrets generated from Party B’s performance of
its duties, are all intangible assets of Party A. The disclosure, unauthorized use by third parties of such trade secrets or intellectual
property rights may cause significant economic losses to Party A;

 

IV. During the employment, Party B will
receive corresponding compensation from Party A, and Party B is obligated to maintain the confidentiality of Party A’s trade
secrets.

 

After friendly negotiation, the Parties
agree upon, and shall be bound by, the following terms with respect to relevant matters concerning the protection of trade secrets
during the employment and after termination of Party B’s employment:

 

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Article I Contents and Scope of Trade
Secrets

 

(I) Party A’s trade secrets include
Party A’s original trade secrets and inventions, copyrights, computer software copyrights, technical secrets or other trade
secrets generated from Party B’s performance of its duties.

 

(II) Party A’s trade secrets include,
but are not limited to the following:

 

1. Business information: including, but
not limited to, the organizational structure, development strategy, plans and operations of the Company and its customers; research
report and feasibility study report; the contents of intentions, contracts, agreements between the Company and its customers or
partners, articles of association and other legal documents; negotiation plans, negotiation contents, minutes of meetings and resolutions;
business channels; suppliers, sales channels, customer lists, intermediary partners; product costs, transaction prices and profit
rates; sales strategy and plans; base number of a bid or a tender and bidding documents.

 

2. Technical information: including, but
not limited to, technical solutions, engineering design, circuit design, manufacturing methods, computer software, databases, research
and development records, technical reports, test reports, experimental data, experimental results, drawings, samples, prototypes,
models, moulds, operating manuals, technical documentation, related correspondences, etc.

 

3. Financial information: including, but
not limited to, financial books and statements; salary, bonus, welfare distribution plans; the Company’s profits and losses;
bank account number and deposits.

 

4. Personnel information: including, but
not limited to, the Company’s personnel files, major personnel changes in the Company, personal information of key management
personnel, and recruitment and layoff plans.

 

5. Decision information: including, but
not limited to, investment plans, plans for acquisition, merger, consolidation, liquidation, bankruptcy and division; litigation
and arbitration to be commenced; or litigation and arbitration under non-public hearing; corporate image design, advertising plans
and activity plans.

 

6. Other trade secrets Party B is required
to undertake the obligation of confidentiality by Party A in accordance with laws, administrative rules and regulations, agreements
and relevant confidentiality rules and regulations of Party A.

 

Article II Ownership of Trade Secrets
and Intellectual Property Rights

 

1. The original trade secrets of Party
A are Party A’s intangible assets.

 

2. The Parties acknowledge that relevant
intellectual property rights of the works, software, technical secrets or other trade secrets created by Party B due to the performance
of its duties and the completion of tasks assigned by Party A, in the name of Party A or mainly by utilizing Party A’s material
and technical conditions and business information during the employment, are owned by Party A. Party A may fully and freely use
such inventions, works, software, technical secrets or other trade secrets for production, operation or transfer to third parties
within its business scope. At the request of Party A, Party B shall provide all necessary information and take all necessary actions,
including application, registration, etc., to assist Party A in obtaining and exercising relevant intellectual property rights.

 

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3. Party B shall not claim intellectual
property rights in the inventions, works, computer software, technical secrets or other trade secrets completed by Party B in relation
to Party A’s business during the employment, such intellectual property rights shall be owned by Party A.

 

4. Inventions, works, computer software,
technical secrets or other trade secret information completed by Party B during the employment, which are irrelevant to Party A’s
business, shall be promptly informed to Party A. If Party A deems that those are non-service technical achievements after verification,
Party B shall own intellectual property rights of such achievements, and Party A shall not use such works for hire for production
or operation, or transfer them to third parties without the express authorization of Party B.

 

5. If Party B has no representation in
writing or has no evidence to prove that the corresponding intellectual achievements are not the works for hire, they are presumed
to be the works for hire, and Party A can use such intellectual achievements for production, operation or transfer them to a third
party. Party B shall not require Party A to assume any economic responsibility even if such intellectual achievements are proved
to be non-service technical achievements in the future. Upon the declaration made by Party B, if Party A has objections to the
ownership of such intellectual achievements, such dispute may be resolved through negotiation. If negotiation fails, such dispute
may be resolved through litigation.

 

Article III Confidentiality during the
Employment

 

1. During the employment, Party B must
abide by all written or unwritten confidentiality rules and regulations developed by Party A, and perform the obligation of confidentiality
of its position.

 

2. If there is no provisions or no express
provisions in Party A’s confidentiality rules and regulations, Party B shall, in a prudent and honest manner, take all necessary
and reasonable measures to maintain the confidentiality of any trade secret of Party A or of any third party but for which Party
A undertakes the obligation of confidentiality obtained or possessed by Party B during the employment.

 

3. Party B undertakes that, without the
consent of Party A, he/she shall not disclose, notify, publicize, release, publish, impart, transfer trade secrets of Party A or
others but for which Party A undertakes the obligation of confidentiality or otherwise make any third party (including other employees
of Party A are not allowed to know such trade secrets as required by the confidentiality system) to know such trade secrets, nor
use such trade secrets for other purposes than the performance of its duties, unless Party B is required to do so for the performance
his/her duties.

 

4. All documents, materials, diagrams,
notes, reports, letters, faxes, tapes, disks, instruments and any other forms of carrier containing Party A’s confidential
information that are held or kept by Party B due to the performance of its duties shall be owned by Party A, regardless of the
commercial value of such confidential information.

 

5. If the carriers containing the secret
information are provided by Party B, it shall be deemed that Party B agrees to transfer the ownership of such carriers to Party
A. Party A shall pay Party B economic compensation equivalent to the value of such carriers when Party B returns such carriers.

 

6. Party B undertakes not to use any technical
secrets or other confidential information of others, nor act in a way infringing the intellectual property rights of others during
the performance of its duties for Party A. In the event of any infringement prosecution against Party A initiated by any third
party due to Party B’s violation of the above-mentioned undertaking, Party B shall bear all the expenses incurred by Party
A due to the response to such lawsuit; if Party A compensated for such infringement therefore, Party B shall indemnify Party A.
Party A is entitled to deduct the above-mentioned legal fees for response to such lawsuit and infringement compensation from the
salaries of Party B.

 

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7. Party B undertakes that, during the
employment, he/she will not hold any position, including shareholder, partner, director, supervisor, manager, employee, agent,
consultant, etc., in other enterprises, institutions or social groups that produce or provide products or services similar to those
of Party A without prior consent of Party A.

 

Article IV Confidentiality during the
Handling of Employment Termination Procedures

 

Party B shall return all properties belonging
to Party A when he/she leaves the Company or at the request of Party A, including all the carriers containing Party A’s confidential
information. However, when such carriers are provided by Party B, and the confidential information can be removed from such carriers,
Party A is entitled to reproduce such information to other carriers owned by Party A, and remove such confidential information
from the original carriers without the delivery of such carriers by Party B to Party A.

 

Article V Confidentiality after Employment
Termination

 

1. The Parties
agree that, after termination of Party B’s employment, Party B shall still maintain the confidentiality of the trade secrets
of Party A or of any third party but for which Party A undertakes the obligation of confidentiality accessed or known by Party
B during the employment, as done during the employment, and Party B shall not use such confidential information without authorization,
regardless of the reason of termination of Party B’s employment.

 

2. After termination of Party B’s
employment, Party B shall undertake the obligation of confidentiality until Party A announces that the confidential information
has been unfrozen or made public. Party B acknowledges that, Party A has considered the confidentiality obligations required to
be undertaken by Party B after termination of Party B’s employment when determine Party B’s salary. Therefore, Party
A is not required to pay additional confidentiality fee when Party B leaves the Company.

 

3. Party B understands and agrees that
70% of the salary paid by Party A to Party B is the base salary and other components of salary, and 30% is the fee paid for the
performance of confidentiality obligations by Party B. Except for the aforementioned confidentiality fee, Party B shall not require
Party A to pay any other expenses and fees.

 

Article VI Liabilities for Breach of
Contract

 

1. If Party B is in violation of any provision
of this Agreement, Party B shall pay Party A the liquidated damages. The liquidated damages shall be calculated and paid by two
times of the average annual income of Party B during the employment prior to its violation. If the aforementioned liquidated damages
are insufficient to compensate for the losses incurred to Party A thereby, Party B shall compensate for Party A by 130% of its
actual losses. Regardless of whether the liquidated damages are paid or not, Party A is entitled to immediately terminate the employment
relationship with Party B.

 

2. For any dispute arising from this Agreement,
if it cannot be resolved through negotiation, either party has the right to file a lawsuit in Party A’s local people’s
court.

 

Article VII Supplementary Provisions

 

1. The above provisions shall not affect
Party A’s right to apply to competent department of intellectual property rights for imposing administrative sanctions against
any infringement.

 

2. Any modification to this Agreement must
be made in written form agreed by the Parties.

 

3. This Agreement is made in duplicate,
with each party holding one copy, which have the equal effect.

 

4. This Agreement becomes effective upon
the signing by Party B and sealing by Party A.

 

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Sichuan Senmiao Ronglian Technology Co., Ltd. 

 

(The remainder of this page is intentionally
left blank, and signature page of Sichuan Senmiao Ronglian Technology Co., Ltd. Non-Disclosure Agreement follows)

 

	Party A (Seal): Sichuan Senmiao Ronglian Technology 	Party B (Signature): 
	Co., Ltd. 5101099970692	 
	[Company Seal Affixed Here]	/s/ Liu Haitao
	 	Liu Haitao
	 	 
	Date: ___________	Date: August 1, 2018

 

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