Is it possible to work for 2 employers in H1B


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Can someone help me on my current below condition?

I am working for a company currently with their H1B which is valid till May 2018, now I transferred my H1 to new company and going to work for them in another state. 

Is it possible to work for 8 hours with my new company and do 4 hours job as part time remotely with my current company too?
What are the items I have to keep in mind if the above is possible.

Your advice is much appreciated

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