Exhibit
10.20


 


House
Lease Contract


 





	Lessor:	Li Hongji                                                               	(hereinafter
    referred to as Party A)
	Lessee:	 Moxian Technologies (Beijing) Co., Ltd.        	(hereinafter
    referred to as Party B)
	Party
    C:	He Weisu                                                             	(hereinafter
    referred to as Party C)
	Party
    D:	Beijing Zhongjia
Real Estate Broker Co., Ltd.	(hereinafter
    referred to as Party D)







 


On
August 27, 2015, Party D supplied intermediate service, and then Party A and Party C reached an agreement on the lease of House
B and C on Floor 9, Building D 2-22, No. 8, North Avenue, Chaoyangmen, Dongcheng District. After that, Party A, Party C, and Party
D signed the House Lease Contract. Party C has paid Party A one-month guarantee deposit of RMB 121,015.4 Yuan and three-month
rent of RMB 363,046.2 Yuan. Party A has paid brokerage expenses for Party D after intermediate service is supplied. Party A, Party
C, and Party D reached an agreement that Party B would be the lessee after establishment. Now, Party B has been established. Through
negotiation, Party A, Party B, and Party C, reach an agreement that Party A will lease the houses to Party B and that the three
parties sign this contract.


 


I.
Basic information and use of the houses


 





1.1
Party A agrees to lease the houses (House B and C on Floor 9, Building D 2-22, No. 8, North Avenue, Chaoyangmen, Dongcheng
District, Beijing) with facilities in a good condition to Party B.


 


1.2
The floor area of the houses is 568.37 square meters.


 


II.
Lease term


 


2.1
Lease term lasts for 2 years; namely, from August 28, 2015 to October 04, 2017.


 


2.2
Rent-free period lasts for 39 days; namely, from August 28, 2015 to October 04, 2015. There's no need for Party B to pay rent
during the rent-free period.


 


2.3
After expiry of tenancy, Party A has the right to take back the houses. In case of intending to renew the lease, Party B shall
request for the renewal 30 days in advance. With Party A's consent, both parties may sign a new lease contract.


 


2.4
After expiry of tenancy, Party A has the right to take back all the houses. Party B shall, on or before the date for expiry of
tenancy, keep the house facilities and auxiliary articles in a good condition before delivering them to Party A.


 


III.
Lease payment mode 


 


3.1
Party A and Party B draw a conclusion that monthly rent of the houses is 7 Yuan per square meter, totaling RMB 121,015.40 Yuan,
including property management fee and heating fee as well as taxes for rental invoice.


 


3.2
Rent payment mode: 1-month guarantee deposit and 3-month rent payment; Party B shall directly remit these money to the
bank account designated by Party A.


 


3.3
Rent shall be paid every 3 months, and the following rent shall be paid 2 days before the lease commencement date
in the payment month. Within the contract duration, rent shall not be adjusted. The first three-month rent of RMB 363,046.2 Yuan
has been paid by Party C on September 8, 2015. Party A, Party B, and Party C confirm that the first rent was paid by Party B.


 






     

     

    

 


3.4
Party A is responsible for paying property fee for property management company and the invoice for property fee shall be directly
issued by property management company. Party A needs to pay property fee of RMB 40,747.2 Yuan (the actual property fee of the
first three months is RMB 36,445.53 Yuan) quarterly; Party A is allowed not to issue an invoice for the fee above while issuing
an invoice for rent. In case property fee is adjusted, Party A may adjust the amount for the rent invoice.


 


3.5
The date and amount for Party B to pay rent, and the amount for rent invoice issued by Party A are as follows:


 


	Date
    	Party
    B shall pay three-month rent (Yuan)	Party
    A shall issue an invoice of rent (Yuan)	Remark
    
	September
    8, 2015	363,046.2	326,600.67	The
    rent minus property fee of RMB 36,445.53 Yuan
	January
    3, 2016	363,046.2	322,299	The
    rent minus property fee of RMB 40,747.2 Yuan
	April
    3, 2016	363,046.2	322,299	The
    rent minus property fee of RMB 40,747.2 Yuan
	July
    3, 2016	363,046.2	322,299	The
    rent minus property fee of RMB 40,747.2Yuan
	October
    3, 2016	363,046.2	322,299	The
    rent minus property fee of RMB 40,747.2 Yuan
	January
    3, 2017	363,046.2	322,299	The
    rent minus property fee of RMB 40,747.2 Yuan
	April
    3, 2017	363,046.2	322,299	The
    rent minus property fee of RMB 40,747.2 Yuan
	July
    3, 2017	363,046.2	322,299	The
    rent minus property fee of RMB 40,747.2 Yuan


 


3.6
The deposit amounts to 1-month rent (121,015.40); namely, SAY RMB ONE HUNDRED AND TWENTY-ONE THOUSAND AND FIFTEEN POINT
FOUR ZERO YUAN ONLY. The deposit indicates the margin paid by Party B to faithfully fulfill all provisions of this contract.
The one-month rent of RMB 121,015.4 Yuan has been paid to Party A by Party C on September 8, 2015. Party A, Party B, and Party
C confirm that the deposit shall be deemed as having been paid by Party B and that it will be returned to Party B when Party B
stops leasing the houses.


 


3.7
In case Party B violates this contract, Party A may deduct all deposits paid by Party B; in case the deposit is insufficient to
compensate Party A for all losses, Party A shall still have the right to request Party B for compensation again.


 


IV.
Other expenses


 


4.1
In case Party B, at its sole discretion, installs a telephone within the contract period, the installing expense and telephone
fee shall be paid by Party B according to the standard stipulated by Telecommunications Bureau.


 






    	 	2	 



     

    

 


4.2
Other expenses: all relevant expenses incurred during the lease period shall be borne by Party B (☐ water rate, ☐
electric charge, ☐ fuel gas fee, ☐ cable television bill, ☐ Internet fee, ☐ air-conditioning cost, and
☐ parking fee).


 


V.
Party A's rights and obligations


 


5.1
Party A must deliver the rental houses to Party B for use.


 


5.2
Party A has the right to supervise Party B so that Party B can use the houses in a reasonable way. In case Party B's violation
gives rise to Party A's liability or economic loss, Party B shall assume the liability.


 


5.3
Party A has the right to authorize an agent to exercise Party A's rights and obligations. When signing this contract, Party A
or the agent thereof shall show law certification related to the houses and ID cards, and guarantee Party A or the agent is the
legitimate owner and has legal status.


 


5.4
Within the lease term, Party A shall enter into the houses with Party B's permission.


 


5.5
After expiry of tenancy, Party A shall, together with Party B, count the interior facilities. In case the facilities are in a
good condition, Party A shall return all deposits to Party B within ten working days after Party B has paid off all expenses (□
water rate, □ electric charge, □ fuel gas fee, □ Internet fee, 口 telephone bill, □ cable television
bill, and □ parking fee and so on) incurred due to use of the houses.


 


5.6
After expiry of tenancy, Party A has the right to take back the houses, needless of notifying Party B. In case Party B fails to
move out of the houses, Party A may apply to the local people's court for compulsory execution, and all economic losses incurred
by this shall be borne by Party B.


 


5.7
After termination of this contract, Party B shall promptly carry its articles out of the houses. In case of five days overdue,
Party B may be deemed as having given up its rights, and Party A has the right to dispose them.


 


5.8
Within one month before expiry of tenancy, Party A and the agent thereof have the right to lead potential customers to see the
houses within normal working hours with prior notice to Party B.


 


5.9
In case Party B stops continuing to lease the houses after expiry of tenancy, the unmovable decoration including partition walls
and doors and windows shall not be dismantled.


 


VI.
Party B's rights and obligations


 


6.1
Party B shall, in accordance with the provisions herein, use the houses after paying the deposit and rent.


 


6.2
Party B shall separately bear the decoration fee and conduct coordination work in the leased area.


 


6.3
Party B shall comply with relevant national laws and regulations and industrial standards when decorating the leased houses, and
shall provide interior decoration design drawings for Party A at the expense of Party B.


 


6.4
In the process of decorating and using the houses, Party B shall first obtain Party A's permission before changing or adjusting
the main structure and appliances in the leased area. The exception is the abrasion in normal use.


 


6.5
Party B shall, before commencement of decoration, submit the decoration scheme to Party A's property management institution, and
then start construction after obtaining permission.


 


6.6
Party B shall pay house rent and all expenses (□ water rate, □ electric charge, □ fuel gas fee, □ Internet
fee, 口 telephone bill, □ cable television bill, and □ parking fee and so on) related to the houses on schedule.


 






    	 	3	 



     

    

 


6.7
Party B shall guarantee business activities in the leased area are legitimate; shall not store forbidden objects, inflammables
and explosives; in case of any violation, Party B shall assume relevant liabilities.


 


6.8
After termination of this contract, Party B shall promptly carry their personal articles out of the houses. In case of five days
overdue, Party B may be deemed as having given up its right, and Party A has the right to dispose the articles.


 


6.9
In case Party B fails to violate this contract within the tenancy term, after expiry of tenancy, Party B shall have the priority
to lease the houses when having the same condition as other lessees.


 


6.10
Party B shall pay attention to fire prevention and water resistance. In case that fire or flood breaks out for the reason of Party
B, Party B shall assume relevant civil and criminal liability and relevant economic compensation.


 


VII.
Responsibility for breach of contract and termination of contract 


 


7.1
In the case of any of the following circumstances, Party B has the right to terminate this contract:


 


7.1.1
Party A can't provide property right in real estate of the houses or the houses and facilities can't meet the conditions, which
has adverse effect on the use of houses for Party B;


 


7.1.2
Party A fails to assume the obligation of house maintenance, which which has adverse effect on the use of houses for Party B;


 


7.1.3
In case this contract can't be continuously fulfilled for the reason of Party A, on the premise that Party B has paid all expenses
related to the houses, Party B shall pay rent by the day, and Party A shall return the rent and deposit to Party B that are not
used and compensate Party B for the liquidated damage amounting to two-month rent.


 


7.2
In the case of any of the following circumstances, Party A has the right to terminate this contract:


 


7.2.1
Without Party A's written permission, Party B changes internal and external structures of the houses, damages facilities but fails
to repair them promptly, or changes the use of the houses;


 


7.2.2
Party B makes use of the houses to store dangerous goods or carry out activities of breaking the law;


 


7.2.3
In case Party A dissolves the contract with Party B for the reason above, it's no need for Party A to return the deposit. In case
the economic loss to Party A can't be completely compensated by deposit, Party A may request Party B for compensation one more
time.


 


7.2.4
After expiration of the contract period or this contract terminates due to Party B's breach of contract, Party B fails to move
out of the rented houses, the rent overdue shall be calculated by 150% of original rent. In case this gives rise to economic loss
to Party A due to the effect on the new lessee, the loss shall be compensated by Party B. In case of 7 days overdue, Party A has
the right to enter into the houses rented by Party B, empty them and dispose the articles in the houses at the expense of Party
B.


 


7.2.5
After this contract is signed, Party B shall pay rent and other relevant fees as scheduled. For every overdue day, Party B shall
pay Party A late fees by 0.5% of amount payable. In case rent is paid 7 days later than due, Party B may be deemed as breach of
contract unilaterally, and thus, Party B shall pay liquidated damage of three-month rent; meanwhile, Party A has the right to
terminate the lease contract and carry it out as follows.


 






    	 	4	 



     

    

 


7.2.6
In case this contract is dissolved or terminated for one party's breach of contract, the breaching party shall pay liquidated
damage equal to two-month rent for the non-breaching party. Meanwhile, Party B shall pay the actual rent and other relevant expenses
for actual use period. In case this contract is terminated due to Party B's breach of contract, Party B must return the houses
in a good condition to Party A within five days after Party A gives a notice of terminating the contract.


 


7.3
Termination of contract


 


7.3.1
Lease term expires.


 


7.3.2
Either party prepares for bankruptcy, liquidation, dissolution, or any similar procedures.


 


7.3.3
In case the total assets or the important part of assets required to fulfill this contract is detained, embargoed, or used, and
this happens to Party A, Party A shall return all lease deposit to Party B, and undertake all losses to Party B.


 


7.3.4
Party B pays rent one month later than due.


 


VIII.
Exception conditions


 


8.1
In case this contract can't be fulfilled continuously or loss is caused for any relocation or reconstruction due to force majeure
or national policy, neither party shall undertake the due obligations.


 


8.2
In case this contract is terminated for the reason above, rent shall be calculated by the actual time of use.


 


Rent
shall be calculated by the day for the period less than a whole month; namely, Party A will return the overcharge and demand payment
of the shortage.


 


8.3
Force majeure refers to the objective circumstances that are unforeseeable, unavoidable, and insurmountable.


 


8.4
This contract will terminate after expiry of tenancy.


 


IX.
Dispute settlement


 


9.1
In case any dispute arises herein, both parties shall first negotiate about it or apply for mediation; in case no agreement is
reached, they shall solve the dispute in the following ways (only one way can be chosen): submit it to Beijing Arbitration Commission
for arbitration.


 


9.2
During the period of settling disputes, both parties shall continue to carry out the contract in all other aspects. 


 


X.Other
Stipulations


 


10.1
Both parties' mailing addresses are as follows. Suppose one party sends a letter or express delivery to the following addresses
before giving an notice of address change to the other party, the letter or express delivery shall be deemed as having been sent.


 


Party
A: Li Hongji


Mailing
Address: Floor 6, New China Life Insurance Mansion, No. 12 (Jia),


Jianguomen Outer Street,


Chaoyang District, Beijing


Post
Code: 100022                        
Telephone: 13901023941


 






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Party
A: Moxian Technologies (Beijing) Co., Ltd.


Mailing
Address: House B and House C, Floor 9,


Building D 2-22, No. 8,


North Avenue, Chaoyangmen,


Dongcheng District


Post
Code: 100027                        Telephone:
53322589


 


10.2
Party A and Party B shall, through negotiation, sign supplementary agreements on unsettled issues. The supplementary agreements
and appendixes shall be an indispensable part to this contract, and they have the same legal effect as this contract.


 


10.3.
This contract is in triplicate, with Party A, Party B, and Party C to hold one. Three copies have the same legal effect.


 


10.4
The signing, efficacy, interpretation, implementation, amendment, and termination of this contract is protected by formally enacted
Chinese laws and regulations.


  


Lessor
(Party A):


Signature
and stamp: /s/ Li Hongji


 


Representative:


 


ID
No.:


 





Telephone:



 


Lessee
(Party B): Moxian Technologies (Beijing) Co., Ltd.


Signature
and stamp: /Seal/ Moxian Technologies (Beijing) Co., Ltd.


 


Representative:


 


ID
No.:


 


Telephone:


 


Party
C:


Signature
and stamp: /s/ He Weisu


Telephone:


 





	 	Signed
    on:	Month	Date	2016	









 


 


 


 


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