SEC Contract Filing

Filing Date: 2017-08-30

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>v474368_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EMPLOYMENT AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This Employment Agreement (&ldquo;Agreement&rdquo;)
is entered into by and between American Education Center, Inc, a Nevada company (&ldquo;Employer&rdquo;), and Max Pu Chen (&ldquo;Employee&rdquo;),
on August 28, 2017 (the &ldquo;Effective Date&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>WHEREAS</B>, Employer is desirous of employing Employee pursuant
to the terms and conditions and for the consideration set forth in this Agreement, and Employee is desirous of entering the employ
of Employer pursuant to such terms and conditions and for such consideration.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>NOW, THEREFORE</B>, for and in consideration of the mutual
promises, covenants, and obligations contained herein, Employer and Employee agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>ARTICLE 1: EMPLOYMENT AND DUTIES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1.1. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employer agrees
to employ Employee, and Employee agrees to be employed by Employer, beginning as of August 29, 2017 and continuing until August
29, 2020, and for additional consecutive one year periods thereafter (the &ldquo;Term&rdquo;) unless terminated as provided herein
and subject to the other terms and conditions of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beginning Effective
Date, Employee shall be employed as Chief Executive Officer of Employer. Employee agrees to serve in the assigned position and
to perform diligently and to the best of Employee&rsquo;s abilities the duties and services appertaining to such position as determined
by Employer, as well as such additional or different duties and services appropriate to such position which Employee from time
to time may be reasonably directed to perform by Employer. Employee shall at all times comply with and be subject to such policies
and procedures as Employer may establish from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee shall,
during the period of Employee&rsquo;s employment by Employer, devote Employee&rsquo;s full business time, energy, and best efforts to the business
and affairs of Employer. The foregoing notwithstanding, the parties recognize and agree that Employee may engage in passive personal
investments and other business activities, which do not conflict with the business and affairs of the Employer or interfere with
Employee&rsquo;s performance of his duties hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee acknowledges
and agrees that Employee owes a fiduciary duty of loyalty, fidelity and allegiance to act at all times in the best interests of
the Employer and to do no act which would intentionally injure Employer&rsquo;s business, its interests, or its reputation. Employee
agrees that Employee shall not knowingly become involved in a conflict of interest with Employer, or its affiliates, or upon discovery
thereof, allow such a conflict to continue, except as approved by a majority of independent members of Employer&rsquo;s Board of
Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee acknowledges
and agrees that Employee is expressly prohibited from purchasing or selling securities of the Company based on any material non-public
information obtained during the course of performing services to the Company. In addition, Employee is prohibited from informing,
or &ldquo;tipping,&rdquo; any other person about such material information. Employee also agrees to comply with the Company&rsquo;s Insider
Trading Policy, as updated and amended from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>ARTICLE 2: COMPENSATION AND BENEFITS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"