Exhibit 10.16


 


No.


 


Technical Maintenance Services Contract


 


Party A: Nanjing Culture and Artwork
Property Exchange Co., Ltd.


Address: No.1, Zixia East Road, Maqun
Street, Qixia District, Nanjing 


 


Party B: Nanjing Yanyu Information Technology
Co., Ltd.


Address: No. 530, Information New Materials
Industrial Park, Dongba Town, Nanjing, Jiangsu Province


 


In accordance with the Contract Law
of the People's Republic of China and through friendly consultations, regarding the technical maintenance services of the trading
system of Nanjing Culture and Artwork Property Exchange Co., Ltd, in the principle of equality and mutual consent, the parties
hereby agree as follows:


 


I Services


 


The services herein refer to the operation
and maintenance, technical support and other services provided by Party B for the application software developed by it for Party
A, mainly including:


 


1) Daily technical
support services: Consulting, analyzing and answering all kinds of questions encountered by Party A's personnel in the process
of using Party B's software, and helping Party A's personnel correctly use and maintain the relevant software system.


 


2) Application software
troubleshooting: Timely eliminating problems in the process of using the software system, and restoring the normal operation of
the system. Party B undertakes to remove any fault in the transaction process caused by the software system of Party B and restore
the normal operation of the system in time, without adversely affecting the completion of the transaction plan of Party A on the
same day.


 


3) Application software
upgrade: During the maintenance service period, in the process of using the application software, through friendly consultations
between Party A and Party B, Party B shall be responsible for software modification and upgrade of the existing system upon certain
new modifications or suggestions raised by Party A without making any major adjustments or changes to the entire system, in order
to meet the requirements of Party A.


 






     


      


    

 


II Service
Mode


 


Party B shall provide Party A with the
following service modes:


 


1) Hotline service:
Party B shall provide Party A with a hotline to ensure timely service provision.


 


2) Remote online services: When necessary,
Party B shall, with the consent of Party A, remotely log on to the system to provide daily inspection, system maintenance and troubleshooting
services for the system.


 


3) On-site services: If any maintenance
work or system failure cannot be solved remotely, Party B shall dispatch engineers to the site where the software server is located
as soon as possible to solve the problems as soon as possible.


 


4) Dedicated customer service
representative: Party B shall appoint dedicated customer service personnel who shall be fully responsible for service of
Party A and establish dedicated maintenance files to ensure that Party B's customer service personnel have a good
understanding of the previous and current situation of the system and improve the service quality.


 


III Working
Conditions and Collaboration Matters


 


1) During the system maintenance, Party
A shall designate relevant personnel to keep in touch with and cooperate with Party B to ensure that Party B can timely obtain
relevant information required for system maintenance.


 


2) When Party B needs to log in
the system remotely online for maintenance work, Party A shall promptly provide necessary login information and open
corresponding security settings to ensure that Party B can carry out remote maintenance smoothly.


 


3) When Party A requests Party B to
upgrade and modify the system software, it shall provide relevant written requests and necessary documents.


 


4) Party B shall keep strictly confidential
the relevant business data in Party A's system and shall not disclose the relevant data to any third party without Party A's prior
consent.


 






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IV Term
and Method of Performance


 


1) The service period
corresponding to this contract is 3 years, from July 1, 2018 to June 30, 2021; if Party A fails to give a written notice of termination
to Party B one month prior to the expiration of the service period, this agreement shall be automatically renewed for one year.


 


2) Upon execution
of the maintenance contract and receiving the corresponding maintenance fee from Party A pursuant to this contract, Party B shall
commerce performing the services set forth in the contract.


 


3) If Party A requires
Party B to continue to provide relevant technical maintenance services five working days prior to the expiration of the maintenance
service period, the maintenance fee shall be subject to further consultations between both parties.


 


V Compensation
and Payment Method


 


1) The fee for technical maintenance
services provided by Party B for Party A's trading system is RMB 12500/ month.


 


VI Account
details


 


Payee: Nanjing Yanyu Information Technology
Co., Ltd.


Deposit Bank: Ping An Bank Aoti Branch


Bank Account Number: 1500003708178


 


VII Dispute
resolution


 


All disputes arising from the performance
of this contract shall be resolved by both parties through friendly consultations. If no agreement can be reached through consultations,
either party has the right to bring a lawsuit to the people's court where Party B is located. In the course of dispute resolution,
this contract shall continue to be performed, except for the part under consultations or litigation.


 






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VIII Force
Majeure


 


If the continued performance of this
contract is rendered impossible due to war, earthquake, fire or flood, the affected party shall immediately notify the other party
of the event. In case of breach of contract caused by force majeure, the affected party may be exempted from all or part of the
liability for breach of contract depending upon the extent of effects of force majeure on the performance of the contract. 


 


IX Others


 


This contract is made in quadruplicate,
two copies for each party. This contract shall come into force upon signature and seal by both parties.


 


The following is intentionally left
blank and the signature page follows. 


 


Party A: Nanjing Culture and Artwork
Property Exchange Co., Ltd (Sale)


 


Signature of representative:


 


Date: July 1, 2018 


 


Party B: Nanjing Yanyu Information Technology
Co., Ltd.


 


Signature of representative:


 


Date: July 1, 2018




 


 


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