Exhibit 10.15


 





 


 


 


 


 


 


 


 


 


 


Purchase
Order for 


Software
Commissioned Development


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


Project
name: Secondary development project for the Online Trading Computer IT System of HongKong Takung Assets and Equity of Artworks
Exchange Co., Ltd.


 


Commissioning
party: HongKong Takung Assets and Equity of Artworks Exchange Co., Ltd.


 


Commissioned
party: Shenzhen Qianrong Cultural Investment Development Co., Ltd.


 






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Purchase
Order for Software Commissioned Development


 


In
accordance with the relevant provisions of the Cooperation Agreement No.[2014003] between HongKong Takung Assets and Equity of
Artworks Exchange Co., Ltd. (Party A) and Shenzhen Qianrong Cultural Investment Development Co., Ltd. (Party B), Party A hereby
engages Party B to choose and hire qualified developer(s) to carry out secondary development on top of Party A’s “Online
Trading Computer IT System” that has already been launched, so as to meet the business development needs of Party A. This
Purchase Order is therefore signed and issued.


 


1.
Contents, format and requirements of this Project


 


(1)
Under this Project, Party A requests to develop new business functions on top of Party A’s “Online Trading Computer
IT System” that has already been launched to meet the business development needs of Party A


 


(2)
The name, prices and other matters of the new business functions to be developed as requested by Party A are set out in the table
below:


 


	No.	Module and functions	
        Unit
        price

        (in
        10 thousand HK $)

	(1)	
        2.0
        business upgrade: including optimization of methods for funds flow of listing fee from subscription business, and custodian fee
        etc.; optimization of agency business increase and commission settlement; collection and settlement of artworks management fee;
        provision of Traders’ Lounge; development of value-added business for traders; enabling “non-trading transfer”
        of art units;

         
	
         

        60

	(2)	
        3.0
        business upgrade: profiting from stack orders; short selling and borrow selling.

         
	
         

        50

         

	(3)	
        Bank
        related: Wing Lung Bank connection and settlement modification; modification of Wing Lung large quantities account opening to instant
        optimization; China Merchants Bank Hong Kong Branch connection; Multi-bank settlement process development; change of main settlement
        bank; optimization of account opening process; Wing Lung Bank customers’ transfer of settlement bank to China Merchants Bank
        Hong Kong Branch

         
	
         

        100

         




 






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	(4)	
        Trader
        accounts related: optimization of traders’ account opening and account opening process; traders referral enquiries

         
	
         

        20

         

	(5)	
        WeChat
        public platform: platform-related development, WeChat WEB prices

         
	
         

        20

         

	(6)	
        All
        people are agents and commission rebate: binding in advance, optimization of commission rebate

         
	
         

        20

         

	(7)	
        Stock
        platform: stock platform system

         
	220
	(8)	Others: Hang Seng Bank client side connection, English version of account opening, account opening in Singapore, champion list, optimization of non-trading transfer	
         

        9.5

         



 





Note:
The above is a summary of specifications only, details are set out in the Appendix.


 


2.
Technical standards and parameters that the software system should achieve


 


(1)
Details of the technical standards and parameters that the function designs of the software system should achieve are set out in
the attached “Specification of Demands”.


 


(2)
The function setting and security design of the software system shall comply with the industry regulations and requirements.


 


3.
Basic scope of work of the developer:


 


i.
Development, testing, installation, tuning and delivery of the software products under this Project;


 


ii.
Modification based on the comments of Party A during the development;


 


iii.
Training of operators and technical staff of Party A;


 


iv.
Consultation on daily use and daily maintenance of software system during the warranty period.


 






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4.
Payment and settlement methods:


 


(1)
Consideration of this Purchase Order: HK$4,995,000.00.


 


(2)
Payment method of consideration and deadline:


 


Upon
taking effect of this Purchase Order, Party A shall make payment of consideration under this Purchase Order based on the actual
development progress of Party B, and the consideration shall be paid in full by the time when 80% of the functions under the Purchase
Order are achieved.


 


5.
Time, place and method of performance:


 


(1)
Development shall commence upon taking effect of this Purchase Order;


 


(2)
Upon completion of development and project testing, a professional engineer shall be sent to Party A’s designated machine
room for on-site installation and testing.


 


6.
Deliverables and criteria for acceptance:


 


(1)
Deliverables


 


Party
B shall deliver all software under this Project, and deliver the original source codes of the software at the same time.


 


(2)
Criteria for acceptance


 


The
criteria for acceptance of the software system is set out in the attached “Specification of Demands” entered into by
the parties.


 


(3)
Procedures for acceptance


 





i.
The information system will be considered completed upon expiry of trial running period and meeting the design requirements of
Party A. Upon completion, Party B shall notify Party A in writing for acceptance of completion. Party A shall, within ninety (90)
days upon receipt of the notice for acceptance of completion, determine the specific dates for the parties to carry out acceptance
of completion of the system in accordance with the provisions of this contract.




 








ii.
If acceptance of completion is not passed due to Party B’s or developer’s fault, Party A shall have the right to request
adjustments to the software system until the acceptance of completion is given.







 






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iii.
If Party A fails to organize acceptance of completion or to provide any opinion on modification within four (4) months from receipt
of the notice for acceptance of completion under this Project not due to Party B’s fault, acceptance of completion is deemed
to have been given.







 


7.
Warranty period, product maintenance and upgrade:


 





The
free guarantee and maintenance period is one year, commencing from the date on which the acceptance of completion of the Project
is given. During the warranty period, Party B and the developer shall provide Party A with business function upgrades and business
demand upgrades for the software system of the exchange.







 


8.
Intellectual property rights, use right and confidentiality obligations


 


(1)
Intellectual property rights


 


i.
Party A shall have the right to apply for the patent of the software system under this Project.


 


ii.
For the software developed by Party B as engaged by Party A under this contract, Party B shall provide Party A with the technical
files and original source codes for the implementation of business functions of the core application systems. Party A has the intellectual
property rights of such software, and Party A has the right to apply for the patents of such software systems.


 


(2)
Use right


 


i.
The software of which the use right is solely owned by Party A shall only be used in the business of Party A (including headquarters
and branches and its designated machine rooms).


 


ii.
Party A may carry out secondary development of the systems according to its business needs.


 


iii.
When using the software of third-party manufacturers provided by the developer (if any), Party A shall use in accordance with the
agreement between the developer and the third party on use of such software.


 


9.
Miscellaneous:


 


(1)
This Purchase Order has four copies, each party keeps two copies, which shall have equal effect. This Purchase Order shall be effective
from the date on which the authorized representatives of the parties sign on the signing page.


 


(2)
This contract includes the attached “Specification of Demands” as below.


 


(End
of text)


 






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(This
is the signing page)


 


 


 


Name
of Party A: HongKong Takung Assets and Equity of Artworks Exchange Co., Ltd. (chop)


 


 


Authorized
representative: ____(signature and chop)____


 


Date:
16 September 2014


 


 


Name
of Party B: Shenzhen Qianrong Cultural Investment Development Co., Ltd. 


 


Authorized
representative: ____(chop)_______________


 


Date:
16 September 2014


  



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