Document:

Exhibit

EXHIBIT 10.1

INDEMNIFICATION AGREEMENT

         THIS INDEMNIFICATION AGREEMENT (“Agreement”) by and between Education Realty Trust, Inc., a Maryland corporation (the “Company”), and ________________ (“Indemnitee”) is effective as of ___________________ (the “Effective Date”).

         WHEREAS, at the request of the Company, Indemnitee currently serves as a director and/or officer of the Company and may, therefore, be subjected to claims, suits or proceedings arising as a result of his service; and

         WHEREAS, as an inducement to Indemnitee to continue to serve as such director and/or officer, the Company has agreed to indemnify and to advance expenses and costs incurred by Indemnitee in connection with any such claims, suits or proceedings, to the fullest extent permitted by law; and

         WHEREAS, the parties by this Agreement desire to set forth their agreement regarding indemnification and advance of expenses;

         NOW, THEREFORE, in consideration of the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows:

         Section 1.     Definitions.  For purposes of this Agreement:

         (a)      “Change in Control” means (i) the sale, transfer, or other disposition of eighty percent (80%) or more of the Company's assets, or (ii) a sale of fifty percent (50%) or more of the then outstanding voting stock of the Company in a single transaction or a series of related transactions.

         (b)      “Corporate Status” means the status of a person who is or was a director, trustee, officer, employee or agent of the Company or of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise for which such person is or was serving at the request of the Company.

         (c)      “Disinterested Director” means a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification is sought by Indemnitee.

         (d)      “Effective Date” means the date set forth in the first paragraph of this Agreement.

         (e)      “Expenses” shall include all reasonable and out-of-pocket attorneys' fees, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other disbursements or expenses of the types customarily incurred in connection with prosecuting,

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defending, preparing to prosecute or defend, investigating, or being or preparing to be a witness in a Proceeding.

         (f)      "Independent Counsel" means a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither is, nor in the past five years has been, retained to represent: (i) the Company or Indemnitee in any matter material to either such party, or (ii) any other party to or witness in the Proceeding giving rise to a claim for indemnification
hereunder. Notwithstanding the foregoing, the term "Independent Counsel" shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee's rights under this Agreement. If a Change of Control has not occurred, Independent Counsel shall be selected by the Board of Directors, with the approval of Indemnitee, which approval will not be unreasonably withheld. If a Change of Control has occurred, Independent Counsel shall be selected by Indemnitee, with the approval of the Board of Directors, which approval will not be unreasonably withheld.

         (g)      “Proceeding” includes any threatened, pending or completed action, suit, arbitration, alternate dispute resolution mechanism, investigation, administrative hearing or any other proceeding, whether civil, criminal, administrative or investigative (including on appeal), except one pending or completed on or before the Effective Date, unless otherwise specifically agreed in writing by the Company and Indemnitee.

         Section 2.     Services by Indemnitee. Indemnitee will serve as a director and/or officer of the Company. However, this Agreement shall not impose any obligation on Indemnitee or the Company to continue Indemnitee's service to the Company beyond any period otherwise required by law or by other agreements or commitments of the parties, if any.

         Section 3.     Indemnification - General. The Company shall indemnify, and advance Expenses to, Indemnitee (a) as provided in this Agreement and (b) otherwise to the fullest extent permitted by Maryland law in effect on the date hereof and as amended from time to time; provided, however, that no change in Maryland law shall have the effect of reducing the benefits available to Indemnitee hereunder based on Maryland law as in effect on the date hereof. The
rights of Indemnitee provided in this Section 3 shall include, without limitation, the rights set forth in the other sections of this Agreement, including any additional indemnification permitted by Section 2-418(g) of the Maryland General Corporation Law (“MGCL”).

         Section 4.     Proceedings Other Than Proceedings by or in the Right of the Company. Indemnitee shall be entitled to the rights of indemnification provided in this Section 4 if, by reason of his Corporate Status, he is, or is threatened to be, made a party to or a witness in any threatened, pending, or completed Proceeding, other than a Proceeding by or in the right of the Company.  Pursuant to this Section 4, Indemnitee shall be indemnified against all judgments, penalties, fines and amounts paid in settlement and all Expenses actually and reasonably incurred by him or on his behalf in connection with a Proceeding by reason of his Corporate Status unless it is established that (i) the act or omission of Indemnitee was material to the matter giving rise to the Proceeding and (a) was committed in bad faith or (b) was the result of active and deliberate 

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dishonesty, (ii) Indemnitee actually received an improper personal benefit in money, property or services, or (iii) in the case of any criminal Proceeding, Indemnitee had reasonable cause to believe that his conduct was unlawful.

         Section 5.     Proceedings by or in the Right of the Company. Indemnitee shall be entitled to the rights of indemnification provided in this Section 5 if, by reason of his Corporate Status, he is, or is threatened to be, made a party to or a witness in any threatened, pending or completed Proceeding brought by or in the right of the Company to procure a judgment in its favor. Pursuant to this Section 5, Indemnitee shall be indemnified against all amounts paid in settlement and all Expenses actually and reasonably incurred by him or on his behalf in connection with such Proceeding unless it is established that (i) the act or omission of Indemnitee was material to the matter giving rise to such a Proceeding and (a) was committed in bad faith or (b) was the result of active and deliberate dishonesty or (ii) Indemnitee actually received an improper personal benefit in money, property or services.

         Section 6.     Court-Ordered Indemnification. Notwithstanding any other provision of this Agreement, a court of appropriate jurisdiction, upon application of Indemnitee and such notice as the court shall require, may order indemnification in the following circumstances:

         (a)      if it determines Indemnitee is entitled to reimbursement under Section 2-418(d)(1) of the MGCL, the court shall order indemnification, in which case Indemnitee shall be entitled to recover the expenses of securing such reimbursement; or

         (b)      if it determines that Indemnitee is fairly and reasonably entitled to indemnification in view of all the relevant circumstances, whether or not Indemnitee (i) has met the standards of conduct set forth in Section 2-418(b) of the MGCL or (ii) has been adjudged liable for receipt of an improper personal benefit under Section 2-418(c) of the MGCL, the court may order such
indemnification as the court shall deem proper. However, indemnification with respect to any Proceeding by or in the right of the Company or in which liability shall have been adjudged in the circumstances described in Section 2-418(c) of the MGCL shall be limited to Expenses actually and reasonably incurred by him or on his behalf in connection with a Proceeding.

         Section 7.     Indemnification for Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other provision of this Agreement, and without limiting any such provision, to the extent that Indemnitee is, by reason of his Corporate Status, made a party to and is successful, on the merits or otherwise, in the defense of any Proceeding, he shall be indemnified for all Expenses actually and reasonably incurred by him or on his behalf in connection therewith. If Indemnitee is not wholly successful in such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the Company shall indemnify Indemnitee under this Section 7 for all Expenses actually and reasonably incurred by him or on his behalf in connection with each successfully resolved claim, issue or matter, allocated on a reasonable and proportionate basis. For
purposes of this Section and without limitation, the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue or matter.

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         Section 8.     Advance of Expenses. The Company shall advance all reasonable Expenses actually and reasonably incurred by or on behalf of Indemnitee in connection with any Proceeding (other than a Proceeding brought to enforce indemnification under this Agreement, applicable law, the Charter or Bylaws of the Company, any agreement or a resolution of the stockholders entitled to vote generally in the election of directors or of the Board of Directors) to which Indemnitee is, or is threatened to be, made a party or a witness, within ten days after the receipt by the Company of a statement or statements from Indemnitee requesting such advance or advances from time to time, whether prior to or after final disposition of such Proceeding. Such statement or statements shall reasonably evidence the Expenses incurred by Indemnitee and shall include or be preceded or accompanied by a written affirmation by Indemnitee of Indemnitee's good faith belief that the standard of conduct necessary for indemnification by the Company as authorized by law and by this Agreement has been met and a written undertaking by or on behalf of Indemnitee, in substantially the form attached hereto as Exhibit A or in such form as may be required under applicable law as in effect at the time of the execution thereof, to reimburse the portion of any Expenses advanced to Indemnitee relating to claims, issues or matters in the Proceeding as to which it shall ultimately be established that the standard of conduct has not been met and which have not been successfully resolved as described in Section 7. To the extent that Expenses advanced to Indemnitee do not relate to a specific claim, issue or matter in the Proceeding, such Expenses shall be allocated on a reasonable and proportionate basis. The undertaking required by this Section 8 shall be an unlimited general obligation by or on behalf of Indemnitee and shall be accepted without reference to Indemnitee's financial ability to repay such advanced Expenses and without any requirement to post security therefor.

         Section 9.     Procedure for Determination of Entitlement to Indemnification.

         (a)      To obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written request, including therein or therewith such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification. The Secretary of the Company shall, promptly upon receipt of such a request for indemnification, advise the Board of Directors in writing that Indemnitee has requested indemnification.

         (b)      Upon written request by Indemnitee for indemnification pursuant to the first sentence of Section 9(a) hereof, a determination, if required by applicable law, with respect to Indemnitee's entitlement thereto shall promptly be made in the specific case: (i) if a Change in Control shall have occurred, by Independent Counsel in a written opinion to the Board of Directors, a copy of which shall be delivered to Indemnitee; or (ii) if a Change of Control shall not have occurred, (A) by the Board of Directors (or a duly authorized committee thereof) by a majority vote of a quorum consisting of Disinterested Directors (as herein defined), or (B) if a quorum of the Board of Directors consisting of Disinterested Directors is not obtainable or, even if obtainable, such quorum of Disinterested Directors so directs, by Independent Counsel in a written opinion to the Board of Directors, a copy of which shall be delivered to Indemnitee, or (C) if so directed by a majority of the members of the Board of Directors, by the stockholders of the Company. If it is so determined that Indemnitee is entitled to indemnification, payment to 

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Indemnitee shall be made within ten days after such determination. Indemnitee shall cooperate with the person, persons or entity making such determination with respect to Indemnitee’s entitlement to indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such determination in the discretion of the Board of Directors or Independent Counsel if retained pursuant to clause (ii)(B) of this Section 9. Any Expenses actually and reasonably incurred by Indemnitee in so cooperating with the person, persons
or entity making such determination shall be borne by the Company (irrespective of the determination as to Indemnitee's entitlement to indemnification) and the Company shall indemnify and hold Indemnitee harmless therefrom.

         Section 10.    Presumptions and Effect of Certain Proceedings.

         (a)      In making a determination with respect to entitlement to indemnification hereunder, the person or persons or entity making such determination shall presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 9(a) of this Agreement, and the Company shall have the burden of proof to overcome that presumption in connection with the making of any determination contrary to that presumption.

         (b)      The termination of any Proceeding by judgment, order, settlement, conviction, a plea of nolo contendere or its equivalent, or an entry of an order of probation prior to judgment, does not create a presumption that Indemnitee did not meet the requisite standard of conduct described herein for indemnification.

         Section 11.    Remedies of Indemnitee.

         (a)      If (i) a determination is made pursuant to Section 9 of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advance of Expenses is not timely made pursuant to Section 8 of this Agreement, (iii) no determination of entitlement to indemnification shall have been made pursuant to Section 9(b) of this Agreement within 90 days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to Section 7 of this Agreement within ten days after receipt by the Company of a written request therefor, or (v) payment of indemnification is not made within ten days after a determination has been made that Indemnitee is entitled to indemnification, Indemnitee shall be entitled to an adjudication in an appropriate court located in the State of Maryland, or in any other court of competent jurisdiction, of his entitlement to such indemnification or advance of Expenses. Alternatively, Indemnitee, at his option, may seek an award in arbitration to be conducted by a single arbitrator pursuant to the commercial Arbitration Rules of the American Arbitration Association. Indemnitee shall commence such proceeding seeking an adjudication or an award in arbitration within 180 days following the date on
which Indemnitee first has the right to commence such proceeding pursuant to this Section 11(a); provided, however, that the foregoing clause shall not apply to a proceeding brought by Indemnitee to enforce his rights under Section 7 of this Agreement.

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         (b)      In any judicial proceeding or arbitration commenced pursuant to this Section 11 the Company shall have the burden of proving that Indemnitee is not entitled to indemnification or advance of Expenses, as the case may be.

         (c)      If a determination shall have been made pursuant to Section 9(b) of this Agreement that Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 11, absent a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee's statement not materially misleading, in connection with the
request for indemnification.

         (d)      In the event that Indemnitee, pursuant to this Section 11, seeks a judicial adjudication of or an award in arbitration to enforce his rights under, or to recover damages for breach of, this Agreement, Indemnitee shall be entitled to recover from the Company, and shall be indemnified by the Company for, any and all Expenses actually and reasonably incurred by him in such judicial adjudication or arbitration. If it shall be determined in such judicial adjudication or arbitration that Indemnitee is entitled to receive part but not all of the indemnification or advance of Expenses sought, the Expenses incurred by Indemnitee in connection with such judicial adjudication or arbitration shall be appropriately prorated.

         Section 12.    Defense of the Underlying Proceeding.

         (a)      Indemnitee shall notify the Company promptly upon being served with or receiving any summons, citation, subpoena, complaint, indictment, information, notice, request or other document relating to any Proceeding which may result in the right to indemnification or the advance of Expenses hereunder; provided, however, that the failure to give any such notice shall not disqualify Indemnitee from the right, or otherwise affect in any manner any right of Indemnitee, to indemnification or the advance of Expenses under this Agreement unless the Company's ability to defend in such Proceeding or to obtain proceeds under any insurance policy is materially and adversely prejudiced thereby, and then only to the extent the Company is thereby actually so prejudiced.

         (b)      Subject to the provisions of the last sentence of this Section 12(b) and of Section 12(c) below, the Company shall have the right to defend Indemnitee in any Proceeding which may give rise to indemnification hereunder; provided, however, that the Company shall notify Indemnitee of any such decision to defend within 15 calendar days following receipt of notice of any such Proceeding under Section 12(a) above. The Company shall not, without the prior
written consent of Indemnitee, which shall not be unreasonably withheld or delayed, consent to the entry of any judgment against Indemnitee or enter into any settlement or compromise which (i) includes an admission of fault of Indemnitee or (ii) does not include, as an unconditional term thereof, the full release of Indemnitee from all liability in respect of such Proceeding, which
release shall be in form and substance reasonably satisfactory to Indemnitee. This Section 12(b) shall not apply to a Proceeding brought by Indemnitee under Section 11 above or Section 18 below.

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         (c)      Notwithstanding the provisions of Section 12(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee's Corporate Status, (i) Indemnitee reasonably concludes, based upon an opinion of counsel approved by the Company, which approval shall not be unreasonably withheld, that he may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with other defendants in such Proceeding, (ii)
Indemnitee reasonably concludes, based upon an opinion of counsel approved by the Company, which approval shall not be unreasonably withheld, that an actual or apparent conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such Proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee's choice, subject to the prior approval of the Company, which shall not be unreasonably withheld, at the expense of the Company. In addition, if the Company fails to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any Proceeding to deny or to recover from Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee's choice, subject to the prior approval of the Company, which shall not be unreasonably withheld, at the expense of the Company (subject to Section 11(d)), to represent Indemnitee in connection with any such matter.

         Section 13.    Non-Exclusivity; Survival of Rights; Subrogation; Insurance.

         (a)      The rights of indemnification and advance of Expenses as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time be entitled under applicable law, the Charter or Bylaws of the Company, any agreement or a resolution of the stockholders entitled to vote generally in the election of directors or of the Board of Directors, or otherwise. No amendment, alteration or repeal of this Agreement or
of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in his Corporate Status prior to such amendment, alteration or repeal.

         (b)      In the event of any payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers required and take all action necessary to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit to enforce such rights.

         (c)      The Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable or payable or reimbursable as Expenses hereunder if and to the extent that Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise.

         Section 14.    Insurance. The Company will use its reasonable best efforts to acquire directors and officers liability insurance, on terms and conditions deemed appropriate by the Board of Directors of the Company, with the advice of counsel, covering Indemnitee or any claim made against Indemnitee for service as a director or officer of the Company and covering 

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the Company for any indemnification or advance of Expenses made by the Company to Indemnitee for any claims made against Indemnitee for service as a director or officer of the Company. Without in any way limiting any other obligation under this Agreement, the Company shall indemnify Indemnitee for any payment by Indemnitee arising out of the amount of any deductible or retention and the amount of any excess of the aggregate of all judgments, penalties, fines, settlements and reasonable Expenses actually and reasonably incurred by Indemnitee in connection with a Proceeding over the coverage of any insurance referred to in the previous sentence.

         Section 15.    Indemnification for Expenses of a Witness. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is or may be, by reason of his Corporate Status, a witness in any Proceeding, whether instituted by the Company or any other party, and to which Indemnitee is not a party but in which the Indemnitee receives a subpoena
to testify, he shall be advanced all reasonable Expenses and indemnified against all Expenses actually and reasonably incurred by him or on his behalf in connection therewith.

         Section 16.    Duration of Agreement; Binding Effect.

         (a)      This Agreement shall continue until and terminate ten years after the date that Indemnitee's Corporate Status shall have ceased; provided, that the rights of Indemnitee hereunder shall continue until the final termination of any Proceeding then pending in respect of which Indemnitee is granted rights of indemnification or advance of Expenses hereunder and of any proceeding commenced by Indemnitee pursuant to Section 11 of this Agreement relating thereto.

         (b)      The indemnification and advance of Expenses provided by, or granted pursuant to, this Agreement shall be binding upon and be enforceable by the parties hereto and their respective successors and assigns (including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business or assets of the Company), shall continue as to an Indemnitee who has ceased to be a director, trustee, officer,
employee or agent of the Company or of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise which such person is or was serving at the written request of the Company, and shall inure to the benefit of Indemnitee and his spouse, assigns, heirs, devisees, executors and administrators and other legal representatives.

         (c)      The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and
to the same extent that the Company would be required to perform if no such succession had taken place.

         Section 17.    Severability. If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever: (a) the validity, legality and enforceability of the remaining provisions of this Agreement (including, without limitation, each 

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portion of any section of this Agreement containing any such provision held to be invalid, illegal or unenforceable that is not itself invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby; and (b) to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of any section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested thereby.

         Section 18.    Exception to Right of Indemnification or Advance of Expenses. Notwithstanding any other provision of this Agreement, Indemnitee shall not be entitled to indemnification or advance of Expenses under this Agreement with respect to any Proceeding brought by Indemnitee, unless (a) the Proceeding is brought to enforce indemnification under this Agreement, and then only to the extent in accordance with and as authorized by Sections 8 and 11 of this Agreement, or (b) the Company's Bylaws, as amended, the Charter, a resolution of the stockholders entitled to vote generally in the election of directors or of the Board of Directors or an agreement approved by the Board of Directors to which the Company is a party expressly provide otherwise.

         Section 19.    Identical Counterparts. This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same Agreement. One such counterpart signed by the party against whom enforceability is sought shall be sufficient to evidence the existence of this Agreement.

         Section 20.    Headings.  The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction thereof.

         Section 21.    Modification and Waiver. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.

         Section 22.    Notices. All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given if (i) delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed, or (ii) mailed by certified or registered mail with postage prepaid, on the third business day
after the date on which it is so mailed:

         (a)      If to Indemnitee, to: The address set forth on the signature page hereto.

         (b)      If to the Company to: Education Realty Trust, Inc., 999 South Shady Grove, Suite 600, Memphis, Tennessee 39120, Attn:  President and General Counsel.

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or to such other address as may have been furnished to Indemnitee by the Company or to the Company by Indemnitee, as the case may be.

         Section 23.    Governing Law. The parties agree that this Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of Maryland, without regard to its conflicts of laws rules.

         Section 24.    Miscellaneous.  Use of the masculine pronoun shall be deemed to include usage of the feminine pronoun where appropriate.

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement effective as of the Effective Date.

EDUCATION REALTY TRUST, INC.

_____________________________________
Randy Churchey, Chief Executive Officer 

INDEMNITEE

_____________________________________
[NAME]

Address for Notices: ______________________________

_____________________________

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EXHIBIT A

                 FORM OF UNDERTAKING TO REPAY EXPENSES ADVANCED

The Board of Directors of Education Realty Trust, Inc.

Re:  Undertaking to Repay Expenses Advanced

Ladies and Gentlemen:

         This undertaking is being provided pursuant to that certain Indemnification Agreement effective as of the ____ day of __________, 20__, by and between Education Realty Trust, Inc. (the "Company") and the undersigned Indemnitee (the "Indemnification Agreement"), pursuant to which I am entitled to advance of expenses in connection with [DESCRIPTION OF PROCEEDING] (the "Proceeding").

         Terms used herein and not otherwise defined shall have the meanings specified in the Indemnification Agreement.

         I am subject to the Proceeding by reason of my Corporate Status or by reason of alleged actions or omissions by me in such capacity. I hereby affirm that at all times, insofar as I was involved as a director of the Company, in any of the facts or events giving rise to the Proceeding, I (i) acted in good faith and honestly, (ii) did not receive any improper personal benefit in money, property or services and (iii) in the case of any criminal proceeding, had no reasonable cause to believe that any act or omission by me was unlawful.

         In consideration of the advance of Expenses by the Company for reasonable attorneys' fees and related expenses incurred by me in connection with the Proceeding (the "Advanced Expenses"), I hereby agree that if, in connection with the Proceeding, it is established that (i) an act or omission by me was material to the matter giving rise to the Proceeding and (A) was committed in bad faith or (B) was the result of active and deliberate dishonesty or (ii) I actually received an improper personal benefit in money, property or services or (iii) in the case of any criminal proceeding, I had reasonable cause to believe that the act or omission was unlawful, then I shall promptly reimburse the portion of the Advanced Expenses relating to the claims, issues or matters in the Proceeding as to which the foregoing findings have been established and which have not been successfully resolved as described in Section 7 of the Indemnification Agreement. To the extent that Advanced Expenses do not relate to a specific claim, issue or matter in the Proceeding, I agree that such Expenses shall be allocated on a reasonable and proportionate basis.

         IN WITNESS WHEREOF, I have executed this Affirmation and Undertaking on
this ___ day of __________ ____, 20__.

INDEMNITEE

_____________________________________

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SCHEDULE A

Provided below is a list of officers and directors who have entered into this Indemnification Agreement with the Company.

Olan Brevard
Edwin B. Brewer, Jr.
Scott Casey
Elizabeth L. Keough
Lindsey Mackie
Christine Richards
Thomas Trubiana
Agnes Webb
Kimberly Schaefer 
Susan Arrison
Monte J. Barrow
Paul O. Bower
Randall Brown
William J. Cahill, III
Craig Cardwell
Randall L. Churchey
John Ford
Charles Harris
Tom Hickey
J. Drew Koester
Wallace Wilcox
John V. Arabia
John T. Thomas

12Exhibit 10.1

 

BALINCAN INTERNATIONAL INC.

 

AMEDNED AND RESTATED INVESTOR SUBSCRIPTION
AGREEMENT (the "Subscription Agreement") dated October __, 2016 between BALINCAN INTERNATIONAL INC., a Nevada
corporation (the "Company") and the person or persons executing this Agreement on the last page (the "Subscriber").
All documents mentioned herein are incorporated by reference.

 

1. Description of the Offering. This
Subscription Agreement is for shares of the Company’s common stock, par value $.001 per share (the “Common Stock”).
This Offering (the “Offering”) is made only to accredited investors who qualify as accredited investors pursuant to
the suitability standards for investors described under Regulation S of the Securities Act of 1933, as amended (the “Securities
Act”) and who have no need for liquidity in their investments. As of this Offering, there is a limited public market for
the Common Stock and no assurance can be given that the market will further develop, or that it will be maintained so that any
subscribers in this Offering may avail any benefit from the same. The Common Stock is quoted on the OTCQB under the symbol “ALTB.”

 

THE SECURITIES OFFERED HEREBY ARE SPECULATIVE
AND INVOLVE A HIGH DEGREE OF RISK AND SHOULD NOT BE PURCHASED BY ANYONE WHO CANNOT AFFORD THE LOSS OF THEIR ENTIRE INVESTMENT.
THE SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT, OR THE SECURITIES LAWS OF ANY STATE, OR OTHER
JURISDICTION AND ARE BEING OFFERED AND SOLD IN RELIANCE ON EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND
SUCH LAWS. THESE SECURITIES MAY NOT BE TRANSFERRED, SOLD, PLEDGED, HYPOTHECATED OR ASSIGNED EXCEPT AS PERMITTED UNDER SUCH ACT
OR SUCH LAWS PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM.

 

2. Terms of the Subscription. The subscription
is for shares of Common Stock (the “Shares”) at a purchase price of $0.001 per Share for an aggregate offering amount
of ___________ Dollars ($_________).

 

3.  Other Terms of the Offering.
The execution of this Subscription Agreement shall constitute an offer by the Subscriber to subscribe for the Shares in the amount
and on the terms specified herein. The Subscriber must also complete and execute the Subscriber Questionnaire attached hereto.
The Company reserves the right, in its sole discretion, to reject in whole or in part, any subscription offer. If the Subscriber's
offer is accepted, the Company will execute a copy of this Subscription Agreement and return it to Subscriber.

 

4. Subscription Payment. Subscription
for the Shares requires a cash investment and the subscription price will be payable in full upon acceptance of the subscription.
The Company reserves the right, in its sole discretion, to accept fractional subscriptions. Simultaneously with the execution and
delivery of this Subscription Agreement, the undersigned subscriber shall transmit the subscription documents and the Subscription
Price indicated on the Signature Page, as follows by:

 

(i)

 

		·	Delivery of a wire payable to _____________ Trust Account; or

		·	Wire transfer for the benefit of Balincan International, Inc. according to the wire instructions
below:

 

    	 	1	 

     

    

 

Name: 

Address: 

Bank Name: 

Bank Address: 

 

		·	ABA Number: 

		·	Account Number: 

 

		(ii)	a completed and executed Investor Qualification Questionnaire (included with this Subscription
Agreement);

 

5. Warrants. For each Share acquired,
the Company shall issue you a warrant to purchase one more share at a price per share of $.001 at any time within five (5) years
commencing on the date of this Subscription Agreement. The number of shares to be purchased by exercising the warrants will be
increased in proportion to any future forward split of the underlying shares.

 

6. The Company's Representations and Warranties.
The Company hereby represents and warrants as follows:

 

(a)         The Company is a
corporation duly formed and in good standing under the laws of the State of Nevada with full power and authority to conduct its
business as presently contemplated;

 

(b)         The Company warrants
and covenants that there are no material misstatements or omissions in this Subscription Agreement or any information provided
of the Offering documents herein;

 

(c)         The Company has
the power to execute, deliver and perform this Subscription Agreement and any other agreement contemplated herein; and

 

(d)         The proceeds of
the subscription shall be used to purchase all of the outstanding equity of BKG International Limited (Formerly known as Getabed
Company Limited) (“BKGI”), so that the Company’s operations will be run through this wholly-owned subsidiary
located at 11/F Johnson Industrial Mansion, 340 Kwun Tong Road, Kowloon, Hong Kong.

 

7.         Subscriber's Representations, Warranties
and Covenants. The undersigned understands and acknowledges that the Shares subscribed for herein are being offered and sold
under one or more of the exemptions from registration provided for in Section 3(b), 4(2) and 4(6) of the Securities Act including,
Regulation S and/or Regulation D promulgated thereunder, that the undersigned acknowledges that the Shares are being purchased
without the undersigned being offered or furnished any offering literature, prospectus or other material, financial or otherwise,
and that this action has not been scrutinized by the United States Securities and Exchange Commission or by any regulatory authority
charged with the administration of the securities laws of any state. The undersigned hereby further represents and warrants as
follows:

 

    	 	2	 

     

    

 

(a)         The undersigned
confirms that he understands and has fully considered, for purposes of this investment, the risks of an investment in the Shares
and understands that: (i) this investment is suitable only for an investor who is able to bear the economic consequences or losing
his entire investment, (ii) the purchase of the Shares is a speculative investment which involves a high degree of risk of loss
by the undersigned of his entire investment, and (iii) that there will be no public market for the Shares and accordingly, it may
not be possible for the undersigned to liquidate an investment in the Shares in case of an emergency;

 

(b)         The
Subscriber is an "Accredited Investor" as defined in Rule 501(a) of Regulation D under the Securities Act. This representation
is based on the fact that the Subscriber, inter alia, is an accredited individual who, together with the Subscriber’s spouse,
have a net worth of at least $1,000,000, exclusive of the value of your primary residence and less any indebtedness secured by
your primary residence in excess of the fair value of such residence and less any loss in value of your primary residence in the
last 60 days or the Subscriber, individually, has had net income of not less than $200,000 during the last two years, and reasonably
anticipates that the Subscriber will have an income of at least $200,000 during the present year and the next year, or
joint income with your spouse in excess of $300,000 in each of those years, and reasonably expects to reach the same income level
in the current year;

 

(c)         If the Subscriber
is a corporation, partnership, trust or any unincorporated association: (i) the person executing this Subscription Agreement does
so with full right, power and authority to make this investment; (ii) that such entity was not formed for the specific purpose
of making an investment in the Company; and (iii) that all further representations and warranties made herein are true and correct
with respect to such corporation, partnership, trust and unincorporated association;

 

(d)         The address set
forth below is the Subscriber's true and correct residence or place of business, and the Subscriber has no present intention of
becoming a resident of any other state or jurisdiction;

 

(e)         The Subscriber understands
and agrees that the Company prohibits the investment of funds by any persons or entities that are acting, directly or indirectly,
(i) in contravention of any U.S. or international laws and regulations, including anti-money laundering regulations or conventions,
(ii) on behalf of terrorists or terrorist organizations, including those persons or entities that are included on the List of Specially
Designated Nationals and Blocked Persons maintained by the U.S. Treasury Department's Office of Foreign Assets Control1
("OFAC"), as such list may be amended from time to time, (iii) for a senior foreign political figure, any member of a
senior foreign political figure’s immediate family or any close associate of a senior foreign political figure2,
unless the Company, after being specifically notified by the Subscriber in writing that it is such a person, conducts further due
diligence, and determines that such investment shall be permitted, or (iv) for a foreign shell bank3
(such persons or entities in (i) – (iv) are collectively referred to as "Prohibited Persons").

 

 

 

1           The OFAC list may be accessed
on the web at http://www.treas.gov/ofac.

2            Senior foreign political
figure means a senior official in the executive, legislative, administrative, military or judicial branches of a foreign government
(whether elected or not), a senior official of a major foreign political party, or a senior executive of a foreign government-owned
corporation. In addition, a senior foreign political figure includes any corporation, business or other entity that has been formed
by, or for the benefit of, a senior foreign political figure. The immediate family of a senior foreign political figure typically
includes the political figure’s parents, siblings, spouse, children and in-laws. A close associate of a senior foreign political
figure is a person who is widely and publicly known internationally to maintain an unusually close relationship with the senior
foreign political figure, and includes a person who is in a position to conduct substantial domestic and international financial
transactions on behalf of the senior foreign political figure.

3           Foreign shell bank means
a foreign bank without a physical presence in any country, but does not include a regulated affiliate. A post office box or electronic
address would not be considered a physical presence. A regulated affiliate means a foreign shell bank that: (1) is an affiliate
of a depository institution, credit union, or foreign bank that maintains a physical presence in the United States or a foreign
country, as applicable; and (2) is subject to supervision by a banking authority in the country regulating such affiliated depository
institution, credit union, or foreign bank.

 

    	 	3	 

     

    

 

(f)         The Subscriber represents,
warrants and covenants that: (i) it is not, nor is any person or entity controlling, controlled by or under common control with
the Subscriber, a Prohibited Person, and (ii) to the extent the Subscriber has any beneficial owners4,
(a) it has carried out thorough due diligence to establish the identities of such beneficial owners, (b) based on such due diligence,
the Subscriber reasonably believes that no such beneficial owners are Prohibited Persons, (c) it holds the evidence of such identities
and status and will maintain all such evidence for at least five years from the date of the Subscriber's complete withdrawal from
the Company, and (d) it will make available such information and any additional information requested by the Company that is required
under applicable regulations.

 

(g)         If any of the foregoing
representations, warranties or covenants cease to be true or if the Company no longer reasonably believes that it has satisfactory
evidence as to their truth, notwithstanding any other agreement to the contrary, the Company may, in accordance with applicable
regulations, freeze the Subscriber's investment, either by prohibiting additional investments, declining or suspending any withdrawal
requests and/or segregating the assets constituting the investment, or the Subscriber's investment may immediately be involuntarily
withdrawn by the Company, and the Company may also be required to report such action and to disclose the Subscriber's identity
to OFAC or other authority. In the event that the Company is required to take any of the foregoing actions, the Subscriber understands
and agrees that it shall have no claim against the Company, and its respective affiliates, directors, members, partners, shareholders,
officers, employees and agents for any form of damages as a result of any of the aforementioned actions.

 

(h)         The Subscriber agrees
to indemnify and hold harmless the Company, its respective affiliates, directors, members, partners, shareholders, officers, employees
and agents from and against any and all losses, liabilities, damages, penalties, costs, fees and expenses (including legal fees
and disbursements) which may result, directly or indirectly, from any inaccuracy in or breach of any representation, warranty,
covenant or agreement set forth in this Agreement.

 

(i)         The Subscriber has
received and read or reviewed, is familiar with and fully understands the documents furnished by the Company. The Subscriber also
fully understands this Subscription Agreement and the risks associated with this interest and confirms that all documents, records
and books pertaining to the Subscriber’s investment in the Shares and requested by the Subscriber have been made available
or delivered to the Subscriber by the Company;

 

(j)         The Subscriber has
had an opportunity to ask questions of and receive answers from, the Company or a person or persons acting on its behalf, concerning
the terms and conditions of this investment and confirms that all documents, records and books pertaining to the investment in
the Shares and requested by the Subscriber has been made available or delivered to the Subscriber;

 

(k)         The Subscriber will be acquiring the
Shares, solely for the Subscriber's own account, for investment and not with a view toward the resale, distribution, subdivision
or fractionalization thereof; and the Subscriber has no present plans to enter into any such contract, undertaking, agreement or
arrangement;

 

(l)         The Subscriber acknowledges and understands
that as of this Offering there is a limited public market for the Shares and no assurance can be given that the public market will
continue to exist or further develop for the Shares offered hereby, or if it will be maintained so that any subscribers in this
Offering may avail any benefit from the same;

 

 

4          Beneficial
owners will include, but not be limited to: (i) shareholders of a corporation; (ii) partners of a partnership; (iii) members of
a limited liability company; (iv) investors in a fund-of-funds; (v) the grantor of a revocable or grantor trust; (vi) the beneficiaries
of an irrevocable trust; (vii) the individual who established an IRA; (viii) the participant in a self-directed pension plan;
(ix) the sponsor of any other pension plan; and (x) any person being represented by the Subscriber in an agent, representative,
intermediary, nominee or similar capacity. If the beneficial owner is itself an entity, the information and representations set
forth herein must also be given with respect to its individual beneficial owners. If the Subscriber is a publicly-traded company,
it need not conduct due diligence as to its beneficial owners.

 

    	 	4	 

     

    

 

(m)         The Subscriber's compliance with the
terms and conditions of this Subscription Agreement will not conflict with any instrument or agreement pertaining to the Shares
or the transactions contemplated herein; and will not conflict in, result in a breach of, or constitute a default under any instrument
to which the Subscriber is a party;

 

(n)         The Subscriber will seek its own legal,
tax and investment advice concerning tax implications attendant upon the purchase of the Shares and understands and accepts that
the Company is relying upon this representation insofar as disclosure of tax matters is concerned;

 

(o)         The Subscriber hereby acknowledges and
represents that the Subscriber is aware of the information set forth in this document and in any exhibits attached hereto; and

 

(p)         The foregoing representations and warranties
are true and accurate as of the date hereof and shall be true and accurate as of the date of delivery of the subscription to the
Company and shall survive such delivery. If, in any respect, such representations and warranties shall not be true and accurate,
the Subscriber shall give written notice of such fact to the Company, specifying which representations and warranties are not true
and accurate and the reasons therefor.

 

8.  Risk Factors. THE SUBSCRIBER ACKNOWLEDGES
THAT THERE ARE SIGNIFICANT RISKS ASSOCIATED WITH THE PURCHASE OF THE SHARES AND THAT SUCH SHARES ARE HIGHLY SPECULATIVE AND SHOULD
NOT BE PURCHASED BY ANYONE WHO CANNOT AFFORD A TOTAL LOSS OF HIS OR HER ENTIRE INVESTMENT. The Subscriber represents and warrants
that he or she has carefully considered and reviewed the following risks in reaching a determination to purchase the Shares:

 

Risks of Purchasing Shares:

 

Shares eligible for future sale under
Rule 144 may adversely affect the market for our securities.

 

From time to time, certain of our stockholders
who hold restricted securities may be eligible to sell all or some of their shares of common stock by means of ordinary brokerage
transactions in the open market pursuant to Rule 144, promulgated under the Securities Act, subject to certain limitations. Although
current stockholders may have no current intention or ability to sell their shares, any substantial sales by holders of our common
stock in the future pursuant to Rule 144 may have a material adverse effect on the market price of our securities.

 

The price of our common stock is subjected
to volatility.

 

The market for ALTB’s common stock is highly volatile. The
trading price of ALTB’s common stock is subject to wide fluctuations in response to, among other things, quarterly variations
in operating and financial results, and general economic and market conditions. In addition, statements or changes in opinions,
ratings, or earnings estimates made by brokerage firms or industry analysts relating to their markets or relating to ALTB could
result in an immediate and adverse effect on the market price of our common stock. The highly volatile nature of ALTB’s stock
prices may cause investment losses for their shareholders. If securities class action litigation is brought against ALTB, such
litigation could result in substantial costs while diverting management's attention and resources.

 

    	 	5	 

     

    

 

Disruptions in global financial markets
and deteriorating global economic conditions could cause lower returns to investors.

 

Disruptions in global financial markets and
deteriorating global economic conditions could adversely affect the value of ALTB’s common stock. The current state of the
economy and the implications of future potential weakening may negatively impact market fundamentals, resulting in lower revenues
and values for ALTB’s business opportunities and investments.

 

If securities or industry analysts do
not publish research or reports about ALTB’s business or if they issue an adverse or misleading opinion regarding ALTB stock,
its price and trading volume could decline.

 

The trading market for ALTB’s common
stock will be influenced by the research and reports that industry or securities analysts publish about ALTB or its business, if
any.

 

Our shares will be deemed to be "penny
stocks" as defined in the Securities Exchange Act of 1934, as amended, and, as a result, will be subject to various eligibility
and disclosure requirements on broker-dealers engaged in the resale of these shares.

 

The shares offered will be "penny stocks"
as that term is defined in the Securities Exchange Act of 1934, as amended, (the ‘Exchange Act”) to mean, among other
definitions, equity securities with a price of less than $5.00 per share.

 

Under the penny stock regulations, a broker-dealer
selling a penny stock to anyone other than an established customer or an accredited investor must make a special suitability determination
regarding the purchaser and provide special disclosure documents to the purchaser. The imposition of these suitability standards
and special disclosures could reduce an investor's ability to resale the shares at a time or price desired. See the section "Market
for Common Equity and Related Stockholder Matters."

 

If we fail to remain current on our reporting
requirements, we could be removed from quotation by the OTCQB, which would limit the ability of broker-dealers to sell our securities
and the ability of shareholders to sell their securities in the secondary market.

 

Companies quoted on the OTCQB must be reporting
issuers under Section 12 of the Exchange Act, and must be current in their reports under Section 13 of the Exchange Act, in order
to maintain price quotation privileges on the OTCQB. If we fail to remain current on our reporting requirements, we could be removed
from the OTCQB. As a result, the market liquidity for our securities could be adversely affected by limiting the ability of broker-dealers
to sell our securities and the ability of shareholders to sell their securities in the secondary market.

 

    	 	6	 

     

    

 

Risks Related to Our Business:

 

Additional Financing Requirements

 

From time to time, in order to expand operations
to meet customer demand, the Company will need to incur additional capital expenditures. These capital expenditures are intended
to be funded from third party sources, including the incurring of debt and/or the sale of additional equity securities. In addition
to requiring additional financing to fund capital expenditures, the Company may require additional financing to fund working capital,
research and development, sales and marketing, general and administrative expenditures and operating losses. The incurrence of
debt creates additional financial leverage and therefore an increase in the financial risk of the Company’s operations. The
sale of additional equity securities will be dilutive to the interests of current equity holders. In addition, there can be no
assurance that such additional financing, whether debt or equity, will be available to the Company or that it will be available
on acceptable commercial terms. Any inability to secure such additional financing on appropriate terms could have a materially
adverse impact on the business, financial condition and operating results of the Company.

 

Reliance on Key Personnel 

 

Our success depends to a large extent on the
efforts of Tsz Ting, Ip. There is no assurance that she will not voluntarily terminate her employment with ALTB. The loss of any
of our key personnel could be detrimental to our ongoing operations. Our success will also depend on our ability to attract and
retain qualified personnel in order to manage our existing operations as well as our future growth.

 

Business Combinations 

 

The Company may, in the future, pursue acquisitions
of other complementary businesses. The Company may also pursue strategic alliances and joint ventures that leverage its core products
and industry experience to expand its product offerings and geographic presence. The Company has limited experience with respect
to acquiring other companies and limited experience with respect to forming collaborations, strategic alliances and joint ventures.
If the Company were to make any acquisitions, it may not be able to integrate these acquisitions successfully into its existing
business and could assume unknown or contingent liabilities. Any future acquisitions the Company makes could also result in large
and immediate write-offs or the incurrence of debt and contingent liabilities, any of which could harm the Company’s operating
results. Integrating an acquired company also may require management resources that otherwise would be available for ongoing development
of the Company’s existing business.

 

Competition and Market Share 

 

The Chinese skincare and cosmetic products
market and healthy foods market in which the Company operates and plans to operate could be considered as highly competitive and
fragmented, and the competition is expected to continually increase. Many of the Company’s competitors sell products that
are similar to the Company’s products, and the Company’s ability to compete against them is significantly dependent
on its ability to distinguish its products from those of its competitors and demonstrate product quality. In addition, consumer
preferences and needs may change quickly and frequently, creating opportunities for new competitors to enter the market and for
existing competitors to take away the market share of the Company.

 

    	 	7	 

     

    

 

Global Economic
Conditions May Adversely Affect Our Industry, Business and Results of Operations 

 

Our overall performance
depends, in part, on worldwide economic conditions which historically is cyclical in character. Some key international economies
continue to be impacted by a recession, characterized by falling demand for a variety of goods and services, restricted credit,
going concern threats to financial institutions, major multinational companies and medium and small businesses, poor liquidity,
declining asset values, reduced corporate profitability, extreme volatility in credit, equity and foreign exchange markets and
bankruptcies. In markets where our sales occur and which become depressed, these conditions affect the rate of spending and could
adversely affect our customers’ ability or willingness to purchase our products, and delay prospective customers’ purchasing
decisions, all of which could adversely affect our operating results. In addition, in a weakened economy, companies that have competing
products may reduce prices which could also reduce our average selling prices and harm our operating results.

 

Risks Related to Our Capital Stock

 

The public market for our common stock may
be volatile and you could lose all or part of your investment. In the recent past, stocks, specifically those traded on the over-the
counter (“OTC”) markets, generally have experienced high levels of volatility. Our common stock is traded on the OTC
market under the symbol “ALTB” and is not eligible for trading on any national or regional securities exchange or the
NASDAQ National Market. While that status is the Company’s longer term objective, a more active trading market for our common
stock may never develop, or if such a market develops, it may not be sustained.

 

In the past, many companies that have experienced
volatility in the market price of their stock have become subject to securities class action litigation. We may be the target of
this type of litigation in the future. Securities litigation against us could result in substantial costs and divert our management’s
attention from other business concerns, which could seriously harm our business.

 

The Securities and Exchange Commission (“SEC”)
has adopted regulations which generally define a “penny stock” to be an equity security that has a market price of
less than $5.00 per share, subject to specific exemptions. The market price of our common stock is less than $5.00 per share and
therefore is a “penny stock” and is subject to the “penny stock” rules of the SEC.  The trading
market in our securities is currently limited and relatively illiquid which status makes transactions in our stock cumbersome and
may reduce the value of an investment in our common stock.  Brokers and dealers effecting transactions in “penny
stock” must disclose certain information concerning the transaction, obtain a written agreement from the purchaser and determine
that the purchaser is reasonably suitable to purchase the securities. These rules may restrict the ability of brokers or dealers
to sell our common stock and may affect your ability to sell shares.

 

    	 	8	 

     

    

 

We Have Not Voluntarily Implemented Various
Corporate Governance Measures 

 

Federal legislation, including the Sarbanes-Oxley
Act of 2002, has resulted in the adoption of various corporate governance measures designed to promote the integrity of the corporate
management and the securities markets. Some of these measures have been adopted in response to legal requirements. Others have
been adopted by companies in response to the requirements of national securities exchanges, such as the NYSE or The NASDAQ Stock
Market, on which their securities are listed. Among the corporate governance measures that are required under the rules of national
securities exchanges are those that address board of directors' independence, audit committee oversight and the adoption of a Code
of Ethics. The Company has not adopted exchange-mandated corporate governance measures and, since our securities are not listed
on a national securities exchange, we are not required to do so. It is possible that if we were to adopt some or all of these corporate
governance measures, stockholders would benefit from somewhat greater assurances that internal corporate decisions were being made
by disinterested directors and that policies had been implemented to define responsible conduct. For example, in the absence of
audit, nominating and compensation committees comprised of at least a majority of independent directors, decisions concerning matters
such as compensation packages to our senior officers and recommendations for director nominees may be made by a majority of directors
who have an interest in the outcome of the matters being decided. Prospective investors should bear in mind our current lack of
corporate governance measures in formulating their investment decisions.

 

We May Be Exposed to Potential Risks
Relating to Our Internal Control Over Financial Reporting.

 

As directed by Section 404 of the Sarbanes-Oxley
Act of 2002 (“SOX 404”), the SEC has adopted rules requiring public companies to include a report of management on
the Company's internal control over financial reporting in its annual reports. While we expect to expend significant resources
in developing the necessary documentation and testing procedures required by SOX 404, there is a risk that we will not comply with
all of the requirements imposed thereby. At present, there is no precedent available with which to measure compliance adequately.
In the event we identify significant deficiencies or material weaknesses in our internal control over financial reporting that
we cannot remediate in a timely manner, investors and others may lose confidence in the reliability of our financial statements
and our ability to obtain equity or debt financing could suffer.

 

The Company Does Not Expect to Pay Dividends
in the Foreseeable Future.

 

The Company has never paid cash dividends on
its common stock and has no plans to do so in the foreseeable future. The Company instead intends to retain earnings, if any, to
develop and expand its business.

 

Provisions of our Articles of Incorporation
and Bylaws May Delay or Prevent Take-over Which May Not Be in the Best Interests of Our Shareholders.

 

Provisions of our articles of incorporation
and bylaws may be deemed to have anti-takeover effects, which include when and by whom special meetings of our stockholders may
be called, and may delay, defer or prevent a takeover attempt. In addition, certain provisions of the Nevada Revised Statutes also
may be deemed to have certain anti-takeover effects which include that control of shares acquired in excess of certain specified
thresholds will not possess any voting rights unless these voting rights are approved by a majority of a corporation's disinterested
stockholders.

 

Any Investment in Our Securities Involves
a High Degree of Risk

 

Investors should consider carefully the risks
and uncertainties described above, and all other information in this Form 8-K and in any reports hereafter filed with the SEC before
deciding whether to purchase or hold our securities. Additional risks and uncertainties not currently known to us or that we currently
deem immaterial may also become important factors that may harm our business. The occurrence of any of the risks described in this
Form 8-K could harm our business. The trading price of our securities could decline due to any of these risks and uncertainties,
and investors may lose part or all of their investment.

 

IT
IS NOT POSSIBLE TO FORESEE ALL RISK FACTORS WHICH MAY AFFECT THE COMPANY. MOREOVER, THERE CAN BE NO ASSURANCE THAT THE COMPANY
WILL SUCCESSFULLY EFFECTUATE ITS BUSINESS PLAN. EACH PROSPECTIVE INVESTOR SHOULD CAREFULLY ANALYZE THE RISKS AND MERITS OF AN
INVESTMENT IN THE SHARES AND SHOULD TAKE INTO CONSIDERATION WHEN MAKING SUCH ANALYSIS, AMONG OTHERS, THE RISK FACTORS DISCUSSED
ABOVE.

 

    	 	9	 

     

    

 

9. Responsibility. The Company or its
officers and directors shall not be liable, responsible or accountable for damages or otherwise to any Subscriber for any act or
omission performed or omitted by them in good faith and in a manner reasonably believed by them to be within the scope of the authority
granted to them by this Subscription Agreement and in the best interests of the Company, provided they were not guilty of gross
negligence, willful or wanton misconduct, fraud, bad faith or any other breach of fiduciary duty with respect to such acts or omissions.

 

10. Miscellaneous.

 

(a) The Company and the
Subscriber hereby covenant that this Subscription Agreement is intended to and does contain and embody herein all of the understandings
and agreements, both written or oral, of the Company and the Subscriber with respect to the subject matter of this Subscription
Agreement, and that there exists no oral agreement or understanding, express or implied liability, whereby the absolute, final
and unconditional character and nature of this Subscription Agreement shall be in any way invalidated, empowered or affected. There
are no representations, warranties or covenants other than those set forth herein.

 

(b) The headings of this
Subscription Agreement are for convenient reference only and they shall not limit or otherwise affect the interpretation or effect
of any terms or provisions hereof.

 

(c) This Subscription Agreement
shall not be changed or terminated except as set forth herein. All of the terms and provisions of this Subscription Agreement shall
be binding upon and inure to the benefit of and be enforceable by and against the successors and assigns of the Company and the
heirs, executors, administrators and assigns of the Subscriber.

 

(d) A modification or waiver
of any of the provisions of this Subscription Agreement shall be effective only if made in writing and executed with the same formality
as this Subscription Agreement. The failure of either the Company or the Subscriber to insist upon strict performance of any of
the provisions of this Subscription Agreement shall not be construed as a waiver of any subsequent default of the same or similar
nature, or of any other nature or kind.

 

(e) The various provisions
of this Subscription Agreement are severable from each other and from the other provisions of this Agreement, and in the event
that any provision in this Subscription Agreement shall be held invalid or unenforceable by a court of competent jurisdiction,
the remainder of this Subscription Agreement shall be fully effective, operative and enforceable.

 

(f) Pronouns used herein
are to be interpreted as referring to both the masculine and feminine gender.

 

(g) This Subscription Agreement
shall be construed and interpreted in accordance with the laws of the State of Delaware without reference to conflict of laws principle.
The parties agree that in the event of a laws controversy arising out of the interpretation, construction, performance or breach
of this Subscription Agreement, any and all claims arising out of, or relating to, this Subscription Agreement shall be submitted
by arbitration according to the Commercial Arbitration Rules of the American Arbitration Association located in Las Vegas, Nevada
before a single arbitrator. Notwithstanding the prior sentence, any other action commenced by either party herein shall be venued
in the appropriate court of competent jurisdiction located in the State of Nevada.

 

(h) This Subscription Agreement
may be executed in one or more counterparts each of which shall be deemed an original and all of which together shall be deemed
to be one and the same instrument.

 

    	 	10	 

     

    

 

THE SUBSCRIBER ACKNOWLEDGES
THAT, EXCEPT AS SET FORTH IN THIS AGREEMENT, NO REPRESENTATIONS OR WARRANTIES HAVE BEEN MADE TO IT, OR TO ITS ADVISORS, BY THE
COMPANY, OR BY ANY PERSON ACTING ON BEHALF OF THE COMPANY, WITH RESPECT TO THE INTERESTS, THE PROPOSED BUSINESS OF THE COMPANY,
THE DEDUCTIBILITY OF ANY ITEM FOR TAX PURPOSES, AND/OR THE ECONOMIC, TAX, OR ANY OTHER ASPECTS OR CONSEQUENCES OF A PURCHASE OF
AN INTEREST AND/OR ANY INVESTMENT IN THE COMPANY, AND THAT IT HAS NOT RELIED UPON ANY INFORMATION CONCERNING THE OFFERING, WRITTEN
OR ORAL, OTHER THAN THAT CONTAINED IN THIS AGREEMENT. 

 

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rest of this page left intentionally left blank.——————

 

    	 	11	 

     

    

 

SIGNATURE PAGE

 

The Subscriber hereby offers to purchase ________
Shares and encloses payment of $0.001 per Share for an aggregate investment of $________.

 

	 	__________________
	 	 
	 	 
	 	AN INDIVIDUAL
	 	 
	 	 
	 	Name of Subscriber
	 	 
	 	 
	 	Name and Title of Authorized Signatory
	 	(If Applicable)
	 	 
	 	 
	 	(Print) Street Address - Residence
	 	 
	 	 
	 	(Print) Address
	 	 
	 	 
	 	HKID:

 

	AGREED TO AND ACCEPTED:	 
	 	 
	As of October __, 2016	 
	 	 
	BALINCAN INTERNATIONAL INC.	 
	 	 
	By:	 	 
	 	Tsz Ting, Ip, President 	 

 

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rest of this page left intentionally left blank.——————

 

    	 	12	 

     

    

 

COMPLETE “SUBSCRIBER QUESTIONNAIRE”
BELOW;

PROVIDE REQUISITE ADDITIONAL INFORMATION

 

SUBSCRIBER QUESTIONNAIRE

 

	PERSONAL DATA.	 	 
	 	 	 
	 	 	 
	Full Name	 	Residence Telephone (Area Code Number)
	 	 	 
	 	 	 
	 	 	Business Telephone (Area Code Number)
	 	 	 
	 	 	 
	Residence or Principal Address	 	Birth Date
	 	 	 
	 	 	 
	Mailing Address (if other than residence)	 	Citizenship
	 	 	 
	 	 	 
	Marital Status	 	HKID
	 	 	 
	 	 	 
	Spouse’s Full Name	 	E-mail Address
	 	 	 
	 	 	 
	Spouse’s HKID	 	Facsimile Number 

 

ACCREDITED INVESTOR. If Subscriber (or
the entity on behalf of which Subscriber is acting) is an “accredited investor” as that term is defined in Regulation
S promulgated under the Act, and, as such, falls within at least one of the following categories, then please INITIAL
each applicable category.

 

	______	(a)	A bank or savings and loan association or other institution (acting either in an individual or fiduciary capacity), registered broker-dealer, insurance company, registered investment company, or business development company, or licensed “small business investment company,” or an employee benefit plan which either is represented in a fiduciary capacity by a bank, savings and loan association, insurance company or registered investment advisor, has total assets in excess of $5,000,000 or is self-directed and the plan’s business investments are made solely by accredited investors.
	 	 	 
	____	(b)	A trust (i) with total assets in excess of $5,000,000, (ii) which was not formed for the specific purpose of acquiring the subject securities, and (iii) whose purchase is directed by a person who has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of the prospective investment.
	 	 	 
	_____	(c)	An organization described in Section 501(c)(3) of the Internal Revenue Code, corporation or similar business trust, or partnership, not formed for the specific purpose of acquiring the subject securities, with total assets in excess of $5,000,000.
	 	 	 
	_____	(d)	An entity in which all of the equity owners are “accredited investors.”
	 	 	 
	______	(e)	A director or an executive officer of the Company.
	 	 	 
	______	(f)	A natural person whose individual net worth, or joint net worth with spouse (if any), exceeds $1,000,000, exclusive of the value of your primary residence and less any indebtedness secured by your primary residence in excess of the fair value of such residence and less any loss in value of your primary residence in the last 60 days.
	 	 	 
	______	(g)	A natural person whose income in each of the two most recent calendar years exceeded $200,000 individually, or $300,000 jointly with spouse (if any), and who reasonably expects to reach that income level in the current year.

 

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