Exhibit 10.22


 


  


STOCK PURCHASE AGREEMENT


 


  


STOCK PURCHASE AGREEMENT, dated as of 20 August, 2014 (this
"Agreement"), by and among Sunrise Real Estate Group, Inc. ("Issuer " and “Company”), having an
office and address at Hengfeng Road, No. 638, Fl 25, Bldg. A, Shanghai, China, and Ace Develop Properties Limited, a company organized
under the laws of the British Virgin Island, having an office and address at P.O. Box 957 Offshore Incorporation Centre, Road Town,
Tortola ("Purchaser”).


 


  


 


WITNESSETH


 


 


 


WHEREAS, the Issuer desires to issue to the Purchaser 20 million
shares of the Company's common stock, $0.01 US par value per share (the "Common Stock"), (the "Shares"), on
the terms and condition set forth in this Stock Purchase Agreement ("Agreement"), and


 


WHEREAS, Purchaser desires to buy the Shares for $0.085 US per
share (the "Purchase Price") for an aggregate of $1,700,000 US (RMB 10,472,000 at exchange rate 6.16 ) on the terms and
conditions set forth herein, and


 


NOW THEREFORE, in consideration of the promises and respective
mutual agreements herein contained, it is agreed by and between the parties hereto as follows.


 


 


 


ARTICLE 1 

SALE AND PURCHASE OF THE SHARES


 


 


1.1 Sale of the Shares. Upon the execution of this Agreement,
subject to the terms and conditions herein set forth, on the basis of the representations, warranties and agreements herein contained,
Issuer shall deliver the Shares to Purchaser who shall purchase the Shares from the Issuer.


  


1.2 Instruments of Conveyance and Transfer. At the Closing,
Issuer shall deliver a certificate or certificates representing the Shares to Purchaser, in form and substance satisfactory to
Purchaser ("Certificates"), as shall be effective to vest in Purchaser all right, title and interest in and to all of
the Shares.


  


1.3 Consideration and Payment for the Shares. In consideration
for the Shares, Purchaser shall pay to the Issuer the purchase price of ONE MILLION SEVENTY THOUSAND (1,700,000) Dollars (RMB 10,472,000
at exchange rate 6.16 ) in U.S. currency ("Purchase Price"). The Purchase Price shall be payable only upon Closing (as
set forth in Article 7 hereof).


 


 


ARTICLE 2 

REPRESENTATIONS AND WARRANTIES OF THE ISSUER


 


 


The Issuer represents and warrants to the Purchaser now and
as of the Closing, the following:


 


2.1 Transfer of Title. Issuer shall transfer title in and to
the Shares to the Purchaser free and clear of all liens, security interests, pledges, encumbrances, charges, restrictions, demands
and claims, of any kind or nature whatsoever, whether direct or indirect or contingent.


 






    	 



    	 



    




 


(a) Due Execution This Agreement has been duly executed and
delivered by the Issuer.


  


(b) Valid Agreement This Agreement constitutes, and upon execution
and delivery thereof by the Issuer, will constitute, a valid and binding agreement of the Issuer enforceable against the Issuer
in accordance with its respective terms.


  


(c) Authorization. The execution, delivery and performance by
the Issuer of this Agreement and the delivery by the Issuer of the Shares have been duly and validly authorized and no further
consent or authorization of the Issuer or another is required.


  


(d) Issuer's Title to Shares; No Liens or Preemptive Rights;
Valid Issuance. Issuer has and at the Closing will have full and valid title, possession and control of the Shares; there is and
will be no existing impediment or encumbrance to the sale and transfer of such Shares to the Purchaser; and on delivery to the
Purchaser of the Shares, all of the Shares will be free and clear of all taxes, liens, encumbrances, charges or assessments of
any kind and shall not be subject to preemptive rights, tag-along rights, or similar rights of any of the stockholders of the Company.
Such Shares are and will be legally and validly issued in material compliance with all applicable U.S. federal and state securities
laws, and will be fully paid and non-assessable shares of the Company's common stock; and the Shares have all been issued under
duly authorized resolutions of the Board of Directors of the Company. At the Closing, Issuer shall deliver to the Purchaser certificates
representing the Shares subject to no liens, security interests, pledges, encumbrances, charges, restrictions, demands or claims
in any other party whatsoever.


  


2.2 No Governmental Action Required. The execution and delivery
by the Issuer of this Agreement does not and will not, and the consummation of the transactions contemplated hereby will not, require
any action by or in respect of, or filing with, any governmental body, agency or governmental official, including but not limited
to the Securities and Exchange Commission ("Commission") and the Financial Industry Regulatory Authority ("FINRA"),
except such actions or filings that have been undertaken or made prior to the date hereof and that will be in full force and effect
(or as to which all applicable waiting periods have expired) on and as of the date hereof or which are not required to be filed
on or prior to the date of Closing.


  


2.3 Compliance with Applicable Law and Corporate Documents.
The execution and delivery by the Issuer of this Agreement does not and will not and, the sale by the Issuer of the Shares does
not and will not contravene or constitute a default under or violation of (i) any provision of applicable law or regulation, (ii)
the articles of incorporation or by-laws of the Issuer, or (iii) any agreement, judgment, injunction, order, decree or other instrument
binding upon the Issuer or any its assets, or result in the creation or imposition of any lien on any asset of the Issuer. The
Issuer is in compliance with and conforms to all statutes, laws, ordinances, rules, regulations, orders, restrictions and all other
legal requirements of any domestic or foreign government or any instrumentality thereof having jurisdiction over the conduct of
their businesses or the ownership of their properties.


  


2.4 Due Diligence Materials. The information heretofore furnished
by the Issuer to the Purchaser for purposes of or in connection with this Agreement or any transaction contemplated hereby does
not, and all such information hereafter furnished by the Issuer to the Purchaser will not (in each case taken together and on the
date as of which such information is furnished), contain any untrue statement of a material fact or omit to state a material fact
necessary in order to make the statements contained therein, in the light of the circumstances under which they are made, not misleading.


  


2.5 Not a Voting Trust: No Proxies. None of the Shares are or
will be subject to any voting trust or agreement. No person holds or has the right to receive any proxy or similar instrument with
respect to the Shares. Except as provided in this Agreement, the Issuer is not a party to any agreement which offers or grants
to any person the right to purchase or acquire any of the Shares. There is no applicable local, state or federal law, rule, regulation,
or decree which would, as a result of the sale contemplated by this Agreement, impair, restrict or delay any voting rights with
respect to the Shares.


  


2.6 Survival of Representations. The representations and warranties
herein by the Issuer will be true and correct in all material respects on and as of the Closing with the same force and effect
as though said representations and warranties had been made on and as of the Closing and will, except, provided herein, survive
the Closing.


 






    	 



    	 



    

  


2.7 No Solicitation. No form of general solicitation or general
advertising was used by the Issuer or, to the best of its actual knowledge, any other person acting on behalf of the Issuer, in
connection with the offer and sale of the Shares. Neither the Issuer, nor, to its knowledge, any person acting on behalf of the
Issuer, have, either directly or indirectly, sold or offered for sale to any person (other than the Purchaser) any of the Shares,
and the Issuer represent that they will not, nor will any person authorized to act on its behalf (except that the Issuer makes
no representation as to the Purchaser) sell or offer for sale any such security to, or solicit any offers to buy any such security
from, or otherwise approach or negotiate in respect thereof with, any person or persons so as thereby to cause the issuance or
sale of any of the Shares to be in violation of any of the provisions of Section 5 of the Securities Act of 1933, as amended or
any other provision of federal or state law.


 


ARTICLE 3 

REPRESENTATIONS AND WARRANTIES OF THE COMPANY


 


 


The Company represents and warrants to the Purchaser now and
at the Closing, the following:


 


3.1 Due Organization. The Company is a corporation duly organized,
validly existing and in good standing under the laws of the State of Texas (a) with full power and authority to own, lease, use,
and operate its properties and to carry on its business as and where now owned, leased, used, operated and conducted. The Company
has no subsidiaries. The Company is duly qualified to conduct business as a foreign corporation and is in good standing in every
jurisdiction in which the nature of the business conducted by it makes such qualification necessary, and (b) all actions taken
by the current directors and stockholders of the Company have been valid and in accordance with the laws of the State of Texas.


 





3.2 (a) Company
Authority. The Company has all requisite corporate power and authority to enter into and perform this Agreement.


  


(b) Due Authorization. The execution, delivery and performance
by the Company of this Agreement has been duly and validly authorized and no further consent or authorization of the Company, its
Board of Directors or its stockholders is required.


  


(c) Valid Execution. This Agreement has been duly executed and
delivered by the Company.


  


(d) Binding Agreement. This Agreement constitutes, and upon
execution and delivery thereof by the Company, will constitute, a valid and binding agreement of the Company, enforceable against
the Company in accordance with its terms.


  


(e) No Violation of Corporate Documents or Agreements. The execution
and delivery of this Agreement by the Company and the performance by the Company of its obligations hereunder will not cause, constitute,
or conflict with or result in (i) any breach or violation or any of the provisions of or constitute a default under any license,
indenture, mortgage, charter, instrument, articles of incorporation, bylaw, or other agreement or instrument to which the Company
or its stockholders are a party, or by which they may be bound, nor will any consents or authorizations of any party other than
those hereto be required, (ii) an event that would cause the Company to be liable to any party, or (iii) an event that would result
in the creation or imposition or any lien, charge or encumbrance on any asset of the Company or on the securities of the Company
to be acquired by the Purchaser.


 


3.3 Authorized Capital, No Preemptive Rights, No Liens; Anti-Dilution.
As of the date hereof, the authorized capital of the Company is 200,000,000 shares of Common Stock, $0.01 par value. The issued
and outstanding capital stock of the Company is 28,691,925 shares of Common Stock. All of the shares of capital stock are, duly
authorized, validly issued, fully paid and non-assessable. No shares of capital stock of the Company are subject to preemptive
rights or similar rights of the stockholders of the Company or any liens or encumbrances imposed through the actions or failure
to act of the Company, or otherwise. As of the date hereof and at Closing, (i) there are no outstanding options, warrants, convertible
securities, scrip, rights to subscribe for, puts, calls, rights of first refusal, tag-along agreements, nor any other agreements,
understandings, claims or other commitments or rights of any character whatsoever relating to, or securities or rights convertible
into or exchangeable for any shares of capital stock of the Company, or arrangements by which the Company is or may become bound
to issue additional shares of capital stock of the Company, and (ii) there are no agreements or arrangements under which the Company
is obligated to register the sale of any of its securities under the Securities Act and (iii) there are no anti-dilution or price
adjustment provisions contained in any security issued by the Company (or in the Company's articles of incorporation or by-laws
or in any agreement providing rights to security holders) that will be triggered by the transactions contemplated by this Agreement.
The Company has furnished to Purchaser true and correct copies of the Company's articles of incorporation and by-laws.


 






    	 



    	 



    

 


3.4 No Governmental Action Required. The execution and delivery
by the Company of this Agreement does not and will not, and the consummation of the transactions contemplated hereby will not,
require any action by or in respect of, or filing with, any governmental body, agency or governmental official, including but not
limited to, the Commission and FINRA, except such actions or filings that have been undertaken or made prior to the date hereof
and that will be in full force and effect (or as to which all applicable waiting periods have expired) on and as of the date hereof
or which are not required to be filed on or prior to the Closing.


  


3.5 Compliance with Applicable Law and Corporate Documents.
The execution and delivery by the Company of this Agreement does not and will not contravene or constitute a default under or violation
of (i) any provision of applicable law or regulation, (ii) the Company's articles of incorporation or bylaws, or (iii) any agreement,
judgment, injunction, order, decree or other instrument binding upon the Company or any its assets, or result in the creation or
imposition of any lien on any asset of the Company. The Company is in compliance with and conforms to all statutes, laws, ordinances,
rules, regulations, orders, restrictions and all other legal requirements of any domestic or foreign government or any instrumentality
thereof having jurisdiction over the conduct of its businesses or the ownership of its properties.


  


3.6 SEC Representations. Through the date hereof, the Company
has filed all forms, reports and documents with the Commission required to be filed by it ("SEC Reports"). The Company
has delivered and/or made available to Purchaser true and complete copies of the required SEC Reports. Such SEC Reports, at the
time filed, complied in all material respects with the requirements of the federal and state securities laws and the rules and
regulations of the Commission thereunder applicable to such SEC Reports. None of the SEC Reports, including without limitation,
any financial statements or schedules included therein, contains any untrue statement of a material fact or omits to state a material
fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading.
In connection with all shares of common stock and other securities issued by the Company from inception to date, the Company has
complied with the registration requirements of the federal Securities Act of 1933 and all applicable state blue sky laws or has
relied upon a valid, applicable exemption from those registration requirements.


  


3.7 Financial Statements. (a) The Purchaser has received a copy
of the unaudited financial statements of the Company for the nine months ended September 30, 2013 and the related statements of
income and retained earnings for the period then ended (the "Financial Statements") that are included in the Company's
Form 10-Q for the quarter ended September 30, 2013 and included in the SEC Reports. The Financial Statements have been prepared
in accordance with generally accepted accounting principles consistently followed by the Company throughout the periods indicated.
Such financial statements fairly present the financial condition of the Company at the dates indicated and its results of its operations
and cash flows for the periods then ended and, except as indicated therein, reflect all claims against, debts and liabilities of
the Company, fixed or contingent, and of whatever nature. Since September 30, 2013 (the "Balance Sheet Date"), there
has been no material adverse change in the assets or liabilities, or in the business or condition, financial or otherwise, or in
the results of operations or prospects, of the Company, whether as a result of any legislative or regulatory change, revocation
of any license or rights to do business, fire, explosion, accident, casualty, labor trouble, flood, drought, riot, storm, condemnation,
act of God, public force or otherwise and no material adverse change in the assets or liabilities, or in the business or condition,
financial or otherwise, or in the results of operation or prospects, of the Company except in the ordinary course of business.


  


3.8 No Litigation. The Company is not a party to any suit, action,
arbitration, or legal, administrative, or other proceeding, or pending governmental investigation which its has not disclosed to
Purchaser. The Company is not subject to or in default with respect to any order, writ, injunction, or decree of any federal, state,
local, or foreign court, department, agency, or instrumentality.


  


3.9 No Taxes. The Company is not liable for any income, sales,
withholding, real or personal property taxes to any governmental agencies whatsoever. All United States federal, state, county,
municipality local or foreign income tax returns and all other material tax returns (including foreign tax returns) which are required
to be filed by or on behalf of the Company have been or will be filed as of the Closing Date and all material taxes due pursuant
to such returns or pursuant to any assessment received by the Company have been or will be paid as of the Closing Date, except
those being disputed in good faith and for which adequate reserves have been established. The charges, accruals and reserves on
the books of the Company in respect of taxes or other governmental charges have been established in accordance with GAAP.


 






    	 



    	 



    

  


3.10 Material Agreements (a) The Company is not currently carrying
on any business and is not a party to any contract, agreement, lease or order which would subject it to any performance or business
obligations or restrictions in the future after the Closing of the transactions contemplated by this Agreement.


 


(b)
The Company has no stockholder contracts or agreements.


 





(c)
The Company is not in default under any contract or any other document.


  


(d)
The Company has no outstanding powers of attorney and no obligations concerning the performance by the Issuer of this Agreement.


  


(e)
The Company has all material Permits ("Permits" means all licenses, franchises, grants, authorizations, permits, easements,
variances, exemptions, consents, certificates, orders and approvals necessary to own, lease and operate the properties, of, and
to carry on the business of the Company);

(ii) all such Permits are in full force and effect, and the Company has fulfilled and performed all material obligations with
respect to such Permits;

(iii) no event has occurred which allows, or after notice or lapse of time would allow, revocation or termination by the issuer
thereof or which results in any other material impairment of the rights of the holder of any such Permit, and

(iv) the Company has no reason to believe that any governmental body or agency is considering limiting, suspending or revoking
any such Permit.


  


(f)
Neither the Company nor, to the Company's knowledge, any employee or agent of the Company has made any payments of funds of the
Company, or received or retained any funds, in each case in violation of any law, rule or regulation or of a character required
to be disclosed by the Company in any of the SEC Reports.


 





(g)
There are no outstanding judgments or Uniform Commercial Code financing instruments or UCC Securities Interests filed against
the Company or any of its properties.


  


3.11 No Liabilities. There are no liabilities of the Company
of any kind whatsoever which has not been disclosed to Purchaser, whether accrued, contingent, absolute, determined, determinable
or otherwise, and there is no existing condition, situation or set of circumstances which could reasonably be expected to result
in such a liability. The Company does not have any debt, liability, or obligation of any nature, whether accrued, absolute, contingent,
or otherwise, and whether due or to become due, that is not reflected on the Company's Financial Statements.


  


3.12 Compliance with Law. To the best of its knowledge, the
Company has complied with, and is not in violation of any provision of laws or regulations of federal, state or local government
authorities and agencies. There are no pending or threatened proceedings against the Company by any federal, state or local government,
or any department, board, agency or other body thereof.


  


3.13 Corporate Documents Effective. The articles of incorporation,
as amended, and the bylaws of the Company, as provided to Purchaser are, or will at Closing be, in full force and effect and all
actions of the Board of Directors or stockholders required to accomplish same have, or will at Closing have been, taken.


  


3.14 No Stockholder Approval Required. The acquisition of the
Shares by Purchaser from Issuer does not require the approval of the stockholders of the Company under the Texas General Corporate
Law ("TGCL"), the Company's articles of incorporation or bylaws, or any other requirement of law or, if stockholder approval
is required it has or will, prior to the Closing, be properly obtained in accordance with the requirements of the Company's articles
of incorporation and by-laws and the TGCL.


 






    	 



    	 



    

  


3.15 No Dissenters' Rights. The acquisition of the Shares by
Purchaser from Issuer will not give rise to any dissenting stockholders' rights under the TGCL, the Company's articles of incorporation
or bylaws, or otherwise.


  


3.16 Not Subject to Voting Trust. None of the Shares are or
will be subject to any voting trust or agreement. No person holds or has the right to receive any proxy or similar instrument with
respect to such Shares. The Company is not a party to any agreement that offers or grants to any person the right to purchase or
acquire any of the securities to be issued pursuant to this Agreement. There is no applicable local, state or federal law, rule,
regulation, or decree which would, as a result of the transfer of the Shares to Purchaser, impair, restrict or delay any voting
rights with respect to the Shares.


  


3.17 True Representations. The information heretofore furnished
by the Company to the Purchaser for purposes of or in connection with this Agreement or any transaction contemplated hereby does
not, and all such information hereafter furnished by the Company to the Purchaser will not (in each case taken together and on
the date as of which such information is furnished), contain any untrue statement of a material fact or omit to state a material
fact necessary in order to make the statements contained therein, in the light of the circumstances under which they are made,
not misleading.


  


3.18 Survival. The representations and warranties herein by
the Company will be true and correct in all material respects on and as of the Closing with the same force and effect as though
said representations and warranties had been made on and as of the Closing Time and will, except, as otherwise provided herein,
survive the Closing for a period of three (3) years.


  


 


ARTICLE 4 

REPRESENTATIONS AND WARRANTIES OF PURCHASER


 


 


Unless specifically stated otherwise, Purchaser represents and
warrants that the following are true and correct as of the date hereof and will be true and correct through the Closing Date as
if made on that date:


 


4.1 Agreement's Validity. This Agreement has been duly executed
and delivered by Purchaser and constitutes legal, valid and binding obligations of Purchaser, enforceable against Purchaser in
accordance with its respective terms, except as may be limited by applicable bankruptcy, insolvency or similar laws affecting creditors'
rights generally or the availability of equitable remedies.


  


4.2 Investment Intent. Purchaser is acquiring the Shares for
its own account for investment and not with a view to, or for sale or other disposition in connection with, any distribution of
all or any part thereof, except (i) in an offering covered by a registration statement filed with the Securities and Exchange Commission
under the Securities Act covering the Shares, or (ii) pursuant to an applicable exemption under the Securities Act.


  


4.3 Restricted Securities. Purchaser understands that the Shares
have not been registered pursuant to the Securities Act or any applicable state securities laws, that the Shares will be characterized
as "restricted securities" under federal securities laws, and that under such laws and applicable regulations the Shares
cannot be sold or otherwise disposed of without registration under the Securities Act or an exemption therefrom. In this connection,
Purchaser represents that it is familiar with Rule 144 promulgated under the Securities Act, as currently in effect, and understands
the resale limitations imposed thereby and by the Securities Act. Stop transfer instructions may be issued to the transfer agent
for securities of the Company (or a notation may be made in the appropriate records of the Company) in connection with the Shares.


  


4.4 Legend. It is agreed and understood by Purchaser that the
certificates representing the Shares shall each conspicuously set forth on the face or back thereof a legend in substantially the
following form:


 


THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT
AS TO THE SECURITIES UNDER SAID ACT OR PURSUANT TO AN EXEMPTION FROM REGISTRATION OR AN OPINION OF COUNSEL SATISFACTORY TO THE
COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.


 






    	 



    	 



    

  


4.5 Disclosure of Information. Purchaser acknowledges that it
has been furnished with information regarding the Company and its business, assets, results of operations, and financial condition
to allow Purchaser to make an informed decision regarding an investment in the Shares. Purchaser represents that it has had an
opportunity to ask questions of and receive answers from the Company regarding the Company and its business, assets, results of
operation, and financial condition.


 


  


ARTICLE 5 

INDEMNIFICATION


 


 


5.1 Issuer hereby agrees to, indemnify and hold harmless the
Purchaser (which includes, for purposes of this Article, Purchaser's against any losses, joint or several, to which Purchaser may
become subject under the federal securities laws, any state or other federal law, statutory or common law, or otherwise, insofar
as such losses, claims, damages or liabilities (or actions or proceedings, whether commenced or threatened, in respect thereof)
arise by reason of the inaccuracy of any warranty or representation contained in this Agreement, or any omission or alleged omission
to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and
Issuer will in addition reimburse Purchaser and the Company for any legal or any other expenses reasonably incurred by Purchaser
in connection with investigating or defending any such loss, claim, liability, action or proceeding. Such indemnity shall remain
in full force and effect regardless of any investigation made by or on behalf of Purchaser and shall survive the Closing for a
period of three (3) year. As used herein, "Losses" means any loss, claim, demand, damage, award, liabilities, suits,
penalties, forfeitures, cost or expense (including, without limitation, reasonable attorneys', consultant and other professional
fees and disbursements of every kind, nature and description).


  





 


ARTICLE 6 

COVENANTS


 


 


6.1 From the date of this Agreement to Closing, the Issuer and
the Company covenant as follows.


 


(a) Company will to the best of its ability preserve intact
the current status of the Company and the trading capacity of the Company as a FINRA Bulletin Board company.


  


(b) The Issuer will furnish Purchaser with whatever corporate
records and documents are available, such as articles of incorporation and bylaws.


  


(c)
The Company will not amend or change its articles of incorporation or Bylaws, or issue any further shares in the common stock
of the Company without the express written consent of its shareholders.


  


 


ARTICLE 7 

CLOSING AND DELIVERY OF DOCUMENTS


 


7.1 Closing. The Closing shall be held on or before August 31,
2014 (the "Closing Date"). The Closing shall occur as a single integrated transaction, as follows.


 


(a) Delivery by Issuer


 


(i) Issuer shall deliver to the Purchaser such instruments,
documents and certificates as are required to be delivered by Issuer or its representatives pursuant to the provisions of this
Agreement.


 


(ii) Issuer shall deliver to Purchaser the share Certificate
issued by the Issuer.


 






    	 



    	 



    

 





(b) Delivery by Purchaser. The Purchaser shall pay to the Issuer
an aggregate of $1,700,000 Dollars (RMB 10,472,000 at exchange rate 6.16 ) by wire transfer as instructed by Issuer.


  


 


ARTICLE 8 

TERMINATION, AMENDMENT AND WAIVER


 


 


8.1 Waiver. Any term, provision, covenant, representation, warranty
or condition of this Agreement may be waived, but only by a written instrument signed by the party entitled to the benefits thereof.
The failure or delay of any party at any time or times to require performance of any provision hereof or to exercise its rights
with respect to any provision hereof shall in no manner operate as a waiver of or affect such party's right at a later time to
enforce the same. No waiver by any party of any condition, or of the breach of any term, provision, covenant, representation or
warranty contained in this Agreement, in any one or more instances, shall be deemed to be or construed as a further or continuing
waiver of any such condition or breach or waiver of any other condition of the breach of any other term, provision, covenant, representation
or warranty. No modification or amendment of this Agreement shall be valid and binding unless it be in writing and signed by all
parties hereto.


  


8.2 Termination by Purchaser. Notwithstanding anything to the
contrary herein, Purchaser shall have the right, in its sole and absolute discretion, at any time prior to its payment of the Purchase
Price, to terminate this Agreement, in which event, this Agreement shall be terminated and no party shall have any further obligation
to any other party.


 


  


ARTICLE 9

MISCELLANEOUS


 


 


9.1 Entire Agreement. This Agreement sets forth the entire agreement
and understanding of the parties hereto with respect to the transactions contemplated hereby, and supersedes all prior agreements,
arrangements and understanding related to the subject matter hereof. No understanding, promise, inducement, statement of intention,
representation, warranty, covenant or condition, written or oral, express or implied, whether by statute or otherwise, has been
made by any party hereto which is not embodied in this Agreement or the written statement, certificates, or other documents delivered
pursuant hereto or in connection with the transactions contemplated hereby, and no party hereto shall be bound by or liable for
any alleged understanding, promise, inducement, statement, representation, warranty, covenant or condition not set forth.


  


9.2 Notices. Any notice or communications hereunder must be
in writing and given by depositing same in the United States mail addressed to the party to be notified, postage prepaid and registered
or certified mail with return receipt requested or by delivering same in person. Such notices shall be deemed to have been received
on the date on which it is hand delivered or on the third business day following the date on which it is to be mailed. For purpose
of giving notice, the addresses of the parties shall be:


 


  


If to Issuer: 

Sunrise Real Estate Group, Inc.

No.638, Hengfeng Road

Shanghai, China, PRC

Tel: +86-21-6422-2185

Fax: +86-21-6422-8337


 


 


If to Purchaser to: 

Lin Chi Jung.

No.638, Hengfeng Road

Shanghai, China, PRC

Tel: +86-21-6422-2185

Fax: +86-21-6422-8337


 






    	 



    	 



    

  


9.3 Governing Law. This Agreement shall be governed in all respects,
including validity, construction, interpretation and effect, by the laws of the State of Texas (without regard to principles of
conflicts of law). Each of the parties hereto agrees to submit to the exclusive jurisdiction of any federal or state court within
the County of Dallas, with respect to any claim or cause of action arising under or relating to this Agreement. The parties agree
that any service of process to be made hereunder may be made by certified mail, return receipt requested, addressed to the party
at the address appearing in Section 9.2, together with a copy to be delivered to such party's attorneys via telecopier (if provided
in Section 9.2). Such service shall be deemed to be completed when mailed and sent and received by telecopier. Issuer and Purchaser
each waives any objection based on forum non conveniens. Nothing in this paragraph shall affect the right of Issuer or Purchaser
to serve legal process in any other manner permitted by law.


  


9.4 Counterparts. This Agreement may be executed by the parties
hereto in separate counterparts each of which shall be deemed an original, but all of which together shall constitute one and the
same instrument.


  


9.5 Waivers and Amendments; Non-Contractual Remedies; Preservation
of Remedies. This Agreement may be amended, superseded, canceled, renewed, or extended, and the terms hereof may be waived, only
by a written instrument signed by authorized representatives of the parties or, in the case of a waiver, by an authorized representative
of the party waiving compliance. No such written instrument shall be effective unless it expressly recites that it is intended
to amend, supersede, cancel, renew or extend this Agreement or to waive compliance with one or more of the terms hereof, as the
case may be. No delay on the part of any party in exercising any right, power or privilege shall hereunder shall operate as a waiver
thereof, nor shall any waiver on the part of any party of any such right, power or privilege, or any single or partial exercise
of any such right, power of privilege, preclude any further exercise thereof or the exercise of any other right, power or privilege.
The rights and remedies herein provided are cumulative and are not exclusive of any rights or remedies that any party may otherwise
have at law or in equity. The rights and remedies of any party based upon, arising out of or otherwise in respect of any inaccuracy
in or breach of any representation, warranty, covenant or agreement contained in this Agreement shall in no way be limited by the
fact that the act, omission, occurrence or other state of facts upon which any claim of any such inaccuracy or breach is based
may also be the subject of any other representation, warranty, covenant or agreement contained in this Agreement (or in any other
agreement between the parties) as to which there is no inaccuracy or breach.


  


9.6 Binding Effect; No Assignment, No Third-Party Rights. This
Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and permitted assigns.
This Agreement is not assignable without the prior written consent of each of the parties hereto or by operation of law.


  


9.7 Further Assurances. Each party shall, at the request of
the other party, at any time and from time to time following the Closing promptly execute and deliver, or cause to be executed
and delivered, to such requesting party all such further instruments and take all such further action as may be reasonably necessary
or appropriate to carry out the provisions and intents of this Agreement and of the instruments delivered pursuant to this Agreement.


  


9.8 Severability of Provisions. If any provision or any portion
of any provision of this Agreement or the application of any such provision or any portion thereof to any person or circumstance,
shall be held invalid or unenforceable, the remaining portion of such provision and the remaining provisions of the Agreement,
or the application of such provision or portion of such provision is held invalid or unenforceable to person or circumstances other
than those as to which it is held invalid or unenforceable, shall not be affected thereby and such provision or portion of any
provision as shall have been held invalid or unenforceable shall be deemed limited or modified to the extent necessary to make
it valid and enforceable, in no event shall this Agreement be rendered void or unenforceable.


  


9.9 Exhibits and Schedules. All exhibits annexed hereto, and
all schedules referred to herein, are hereby incorporated in and made a part of this Agreement as if set forth herein. Any matter
disclosed on any schedule referred to herein shall be deemed also to have been disclosed on any other applicable schedule referred
to herein.


  


9.10 Captions. All section titles or captions contained in this
Agreement or in any schedule or exhibit annexed hereto or referred to herein, and the table of contents to this Agreement, are
for convenience only, shall not be deemed a part of this Agreement and shall not affect the meaning or interpretation of this Agreement.
All references herein to sections shall be deemed references to such parts of this Agreement, unless the context shall otherwise
require.


 





9.11 Expenses. Except as otherwise expressly provided in this
Agreement, whether or not the Closing occurs, each party hereto shall pay its own expenses incidental to the preparation of this
Agreement, the carrying out of the provisions hereof and the consummation of the transactions contemplated.


 






    	 



    	 



    




 


IN WITNESS WHEREOF, the parties hereto have executed this Agreement,
as of the date first written herein above.


 


 


 


/s/ Lin, Chi-Jung


______________________________________


Lin, Chi-Jung, CEO


SUNRISE REAL ESTATE GROUP, INC. 


 


 


 


 


/s/ Lin, Chi- Jung


______________________________________


Lin, Chi-Jung, President, Sole Board of Director and Shareholder


ACE DEVELOP PROPERTIES LIMITED.