Document:

Exhibit 10.9

 

INDEMNIFICATION
ESCROW AGREEMENT

 

This
INDEMNIFICATION ESCROW AGREEMENT (this “Agreement”) dated as of [●], 2018 is entered into by and among
Datasea Inc. (the “Company”), ViewTrade Securities, Inc. (the “Underwriter”), and Pearlman
Law Group LLP (the “Escrow Agent”).

 

WITNESSETH:

 

WHEREAS,
the Company is offering (the “Offering”), on a firm commitment basis, [●] shares of common stock of the
Company, par value $0.001 (the “Shares”), at an offering price of $[●] per share;

 

WHEREAS,
the Company and Underwriter expect that the Offering will close on or before the close of business on [●], 2018 (the “Closing
Date”);

 

WHEREAS,
upon the closing of the Offering, the Company has agreed to deposit an aggregate amount of Six Hundred Thousand Dollars ($600,000)
(the “Escrowed Funds”) from the proceeds of the Offering to be received by the Company with the Escrow Agent
in an interest bearing escrow account, to be held and disbursed by the Escrow Agent pursuant to the terms and conditions of this
Agreement;

 

WHEREAS,
the Escrow Agent is willing to hold the Escrowed Funds in escrow pursuant to and subject to the terms and conditions of this Agreement;
and

 

NOW,
THEREFORE, in consideration of the mutual promises herein contained and intending to be legally bound hereby, the parties hereto
hereby agree as follows:

 

	1.	Appointment of Escrow
    Agent. The Company and the Underwriter hereby appoint the Escrow Agent as escrow agent in accordance with the terms and
    subject to the conditions set forth herein and the Escrow Agent hereby accepts such appointment.

 

	2.	Delivery of the Escrowed Funds. Upon
    the closing of the Offering, the Escrowed Funds shall be delivered on behalf of the Company to the Escrow Agent, as escrow
    agent, into an interest bearing escrow account maintained by the Escrow Agent (the “Escrow Account”) by
    wire transfer in accordance with the wire transfer instructions set forth on Schedule A hereto. In no event shall the
    aggregate amount of Escrowed Funds delivered to the Escrow Account be less than Six Hundred Thousand Dollars ($600,000).

 

	3.	Escrow Agent to Hold and Disburse the Escrowed
    Funds. The Escrow Agent will retain the Escrowed Funds in an escrow account and disburse the Escrowed Funds pursuant to
    the terms of this Agreement, as follows:

 

a. The
Escrowed Funds shall be held by the Escrow Agent for the purpose of satisfying the initial $600,000 of the indemnification obligations
of the Company pursuant to Section 2 of the Underwriting Agreement dated [●], 2018 by and between the Company and the Underwriter
(the “Underwriting Agreement”), for a period of eighteen (18) months from the closing of the Offering, or longer (upon
written notice from the Underwriter to the Company and the Escrow Agent) if there is evidence (to be reasonably detailed in such
written notice) that may reasonably result in the Company having to indemnify the Underwriter in accordance with the terms of
the Underwriting Agreement, but in no event shall the Escrowed Funds be held in escrow for longer than twenty-four (24) months.
The initial eighteen (18) month period during which the Escrowed Funds shall be held is referred to herein as the “Initial
Claims Period” and the twenty-four (24) month period referred to in this Section 3(a) is referred to herein as the “Extended
Claims Period”. 

 

b.
Disbursement of such Escrowed Funds upon a claim of indemnity pursuant to the terms of the Underwriting Agreement shall be determined
by an independent third-party intermediary (who shall have the requisite experience in determining indemnification claims) to
be chosen by mutual written consent of the Company and the Underwriter. If the Company and the Underwriter are unable to agree
on such intermediary within 30 days upon a written claim for indemnity by the Underwriter, such intermediary shall be a single
arbitrator (with the requisite experience in determining indemnification claims) selected by the American Arbitration Association’s
New York office.

 

     

     

    

 

c. Notwithstanding
the last sentence of Section 3(a), in the event that any litigation or proceeding arising out of any matter in connection with
the Offering in connection to the Underwriter acting in its capacity as underwriter (which matter would be covered by the Company’s
indemnification obligations under the Underwriting Agreement) within eighteen (18) months following the Closing Date, or longer
if there is evidence that may reasonably result in the Company having to indemnify the Underwriter but in no event shall the Escrowed
Funds be held in escrow for longer than twenty-four (24) months, and in which the Company, the Underwriter, the Escrow Agent or
the Escrowed Funds becomes the subject of such litigation or proceeding, the Underwriter and the Company hereby authorize the
Escrow Agent, at the Underwriter’s sole instruction upon Underwriter’s written notice to the Escrow Agent if not otherwise
so required, to release and deposit the Escrowed Funds with the clerk of the court in which the litigation is pending for the
purpose of indemnifying and defending the Underwriter in such litigation and proceeding, and thereupon the Escrow Agent shall
be relieved and discharged of any further responsibility with regard thereto to the extent determined by any such court. The Company
and the Underwriter further hereby authorize the Escrow Agent, if it receives conflicting claims to any of the Escrowed Funds,
is threatened with litigation in its capacity as escrow agent under this Agreement, or if the Escrow Agent determines it is necessary
to do so for any other reason relating to this Agreement or the Offering, to interplead all interested parties in any court of
competent jurisdiction and to deposit the Escrowed Funds with the clerk of that court and thereupon the Escrow Agent shall be
relieved and discharged of any further responsibility hereunder to the parties from which they were received to the extent determined
by such court.

 

d.
In all instances, if either (i) no claim for indemnity is made by the Underwriter during the Initial Claims Period (and there
is no Extended Claims Period) or (ii) it is determined that the Underwriter is not entitled to any disbursement (or any further
disbursement, as the case may be) of Escrowed Funds by the conclusion of the Extended Claims Period, the Escrow Agent shall, upon
joint written instruction from the Company and the Underwriter, disburse to the Company the full balance of the Escrowed Funds
then held by wire transfer of immediately available funds to an account designated by the Company.

 

	4.	Exculpation and Indemnification of Escrow
    Agent.

 

a. The
Escrow Agent shall have no duties or responsibilities other than those expressly set forth herein. The Escrow Agent shall have
no duty to enforce any obligation of any person to make any payment or delivery, or to direct or cause any payment or delivery
to be made other than as set forth herein, or to enforce any obligation of any person to perform any other act. The Escrow Agent
shall be under no liability to the other parties hereto or anyone else, by reason of any failure, on the part of any party hereto
or any maker, guarantor, endorser or other signatory of a document or any other person, to perform such person’s obligations
under any such document. Except for amendments to this Agreement referenced below, and except for written instructions given to
the Escrow Agent by the Company and the Underwriter relating to the Escrowed Funds, the Escrow Agent shall not be obligated to
recognize any agreement between or among any of the Company and the Underwriter, notwithstanding that references thereto may be
made herein and the Escrow Agent has knowledge thereof.

 

b. The
Escrow Agent shall not be liable to the Company, the Underwriter, or to anyone else for any action taken or omitted by it, or
any action suffered by it to be taken or omitted, in good faith and acting upon any order, notice, demand, certificate, opinion
or advice of counsel (including counsel chosen by the Escrow Agent), statement, instrument, report, or other paper or document
(not only as to its due execution and the validity and effectiveness of its provisions, but also as to the truth and acceptability
of any information therein contained), which is reasonably believed by the Escrow Agent to be genuine and to be signed or presented
by the proper party or parties hereunder. The Escrow Agent shall not be bound by any of the terms thereof, unless evidenced by
written notice delivered to the Escrow Agent signed by the proper party or parties hereunder and, if the duties or rights of the
Escrow Agent are affected, unless it shall give its prior written consent thereto.

 

     2

     

    

 

c. The
Escrow Agent shall not be responsible for the sufficiency or accuracy of the form, or of the execution, validity, value or genuineness
of, any document or property received, held or delivered to it hereunder, or of any signature or endorsement thereon, or for any
lack of endorsement thereon, or for any description therein; nor shall the Escrow Agent be responsible or liable to the Company,
the Underwriter, or to anyone else in any respect on account of the identity, authority or rights, of the person executing or
delivering or purporting to execute or deliver any document or property or this Agreement. Except as otherwise set forth herein,
the Escrow Agent shall have no responsibility with respect to the use or application of the Escrowed Funds pursuant to the provisions
hereof.

 

d. The
Escrow Agent shall have the right to assume, in the absence of written notice to the contrary from the proper party or parties
hereunder, that a fact or an event, by reason of which an action would or might be taken by the Escrow Agent, does not exist or
has not occurred, without incurring liability to the Company, the Underwriter, or to anyone else for any action taken or omitted
to be taken or omitted, in good faith and in the exercise of its own best judgment, in reliance upon such assumption.

 

e. To
the extent that the Escrow Agent becomes liable for the payment of taxes, including withholding taxes, or any payment made hereunder,
the Escrow Agent may pay such taxes from the Escrowed Funds; and the Escrow Agent may withhold from any payment of the Escrowed
Funds such amount as the Escrow Agent estimates to be sufficient to provide for the payment of such taxes not yet paid, and may
use the sum withheld for that purpose. The Escrow Agent shall be indemnified and held harmless against any liability for taxes
and for any penalties in respect of taxes, on such investment income or payments in the manner provided in Section 4(f).

 

f. The
Escrow Agent will be indemnified and held harmless by the Company and Underwriter from and against all expenses, including all
counsel fees and disbursements, or loss suffered by the Escrow Agent in connection with any action, suit or proceeding involving
any claim, or in connection with any claim or demand, which in any way, directly or indirectly, arises out of or relates to this
Agreement, the services of the Escrow Agent hereunder, except for claims relating to gross negligence or reckless misconduct by
the Escrow Agent or breach of this Agreement by the Escrow Agent, or the monies or other property held by it hereunder. Promptly,
but no later than ten (10) business days, after the receipt by the Escrow Agent of notice of any demand or claim or the commencement
of any action, suit or proceeding, the Escrow Agent shall, if a claim in respect thereof is to be made by the Escrow Agent against
the Company, notify the Company in writing, but the failure by the Escrow Agent to give such notice shall not relieve the Company
from any liability which the Company may have to the Escrow Agent hereunder, unless the failure of the Escrow Agent to give such
notice prejudices or otherwise impairs the Company’s ability to defend any demand, claim, action suit or proceeding. Notwithstanding
any obligation to make payments and deliveries hereunder, the Escrow Agent may retain and hold for such time as it deems necessary
such amount of monies or property as it shall, from time to time, reasonably deem sufficient to indemnify itself for any such
loss or expense.

 

g. For
purposes hereof, the term “expense or loss” shall include all amounts paid or payable to satisfy any claim, demand
or liability, or in settlement of any claim, demand, action, suit or proceeding settled with the express written consent of the
Escrow Agent, and all costs and expenses, including, but not limited to, counsel fees and disbursements, paid or incurred in investigating
or defending against any such claim, demand, action, suit or proceeding.

 

	5.	Indemnification by the Company. The indemnification
    provisions subject to this Agreement are set forth in Section 6 of the Underwriting Agreement, which Section 6 shall be deemed
    to be a part of this Agreement.

  

     3

     

    

 

	6. 	Termination of Agreement and Resignation
    of Escrow Agent.

 

a. This
Agreement shall terminate upon disbursement of all of the Escrowed Funds provided that the rights of the Escrow Agent and the
obligations of the Company and the Underwriter under Section 4 shall survive the termination hereof.

 

b. The
Escrow Agent may resign at any time and be discharged from its duties as Escrow Agent hereunder by giving the Company and the
Underwriter at least fifteen (15) business days written notice thereof (the “Notice Period”). As soon as practicable
after its resignation, the Escrow Agent shall, if it receives notice from the Company and the Underwriter within the Notice Period,
turn over to a successor escrow agent appointed by the Company and the Underwriter all Escrowed Funds (less such amount as the
Escrow Agent is entitled to continue to retain and hold in escrow pursuant to Section 4(f) and to retain pursuant to Section 7)
upon presentation of the document appointing the new escrow agent and its acceptance thereof. If no new agent is so appointed
within the Notice Period, the Escrow Agent shall return the Escrowed Funds to the Company without interest or deduction.

 

	7.	Form of Payments by Escrow Agent.

 

a. Any
payments of the Escrowed Funds by the Escrow Agent pursuant to the terms of this Agreement shall be made by wire transfer of immediately
available funds unless directed to be made by check by the Underwriter and/or Company.

 

b. All
amounts referred to herein are expressed in United States Dollars and all payments by the Escrow Agent shall be made in such dollars.

 

	8.	Compensation. Escrow Agent shall be entitled
    to $12,500 as compensation for its services rendered under this Agreement, which amount shall be delivered by the Company
    to an account designated by the Escrow Agent on the same date when the Escrowed Funds are delivered into the Escrow Account.

 

	9.	Notices. All notices, demands, consents,
    requests, instructions and other communications to be given or delivered or permitted under or by reason of the provisions
    of this Agreement or in connection with the transactions contemplated hereby shall be in writing and shall be deemed to be
    delivered and received by the intended recipient as follows: (i) if personally delivered, on the business day of such delivery
    (as evidenced by the receipt of the personal delivery service), (ii) if mailed certified or registered mail return receipt
    requested, on the business day of such delivery (as evidenced by the signed certified mail card), (iii) if delivered by overnight
    courier (with all charges having been prepaid), on the business day of such delivery (as evidenced by the receipt of the overnight
    courier service of recognized standing), (iv) if delivered by facsimile transmission, on the business day of such delivery
    if sent by 6:00 p.m. in the time zone of the recipient, or if sent after that time, on the next succeeding business day (as
    evidenced by the printed confirmation of delivery generated by the sending party’s telecopier machine), or (v) if delivered
    by email on the business day of such delivery (as evidenced by delivery confirmation). If any notice, demand, consent, request,
    instruction or other communication cannot be delivered because of a changed address of which no notice was given (in accordance
    with this Section 9), or the refusal to accept same, the notice, demand, consent, request, instruction or other communication
    shall be deemed received on the second business day the notice is sent (as evidenced by a sworn affidavit of the sender).
    All such notices, demands, consents, requests, instructions and other communications will be sent to addresses or facsimile
    numbers as applicable set forth hereunder.

 

If
to the Company, to: 

 

Datasea
Inc.

1
Xinghuo Rd. Changning Building, 11th Floor

Fengtai
District, Beijing, People’s Republic of China 100070

Attention:
Chief Executive Officer

Email:
liuzhixin@shuhaixinxi.com

 

     4

     

    

 

with
a copy to (which shall not constitute notice):

 

Ellenoff
Grossman & Schole LLP

1345
Avenue of Americas, 11th Floor

New
York, NY 10105

Attention:
Richard I. Anslow

Email:
ranslow@egsllp.com

 

If
to the Underwriter, to:

 

ViewTrade
Securities, Inc.

7280
West Palmetto Park Road, Suite 310

Boca
Raton, FL 33433

Attention:
Doug K. Aguililla

Email:
dougagui@viewtrade.com

 

with
a copy to (which shall not constitute notice):

 

K&L
Gates LLP

Southeast
Financial Center, Suite 3900

200
South Biscayne Boulevard

Miami,
FL 33131

Attention:
Clayton E. Parker, Esq.

Email:
clayton.parker@klgates.com

 

If
to the Escrow Agent, to: 

 

Pearlman
Law Group LLP

200
South Andrews Avenue, Suite 901

Fort
Lauderdale, FL 33301

Attention:
Charles Pearlman

Email:
Charlie@pslawgroup.net 

 

	10.	Further Assurances. From time to time
    on and after the date hereof, the Company and the Underwriter shall deliver or cause to be delivered to the Escrow Agent such
    further documents and instruments and shall do and cause to be done such further acts as the Escrow Agent shall reasonably
    request (it being understood that the Escrow Agent shall have no obligation to make any such request) to carry out more effectively
    the provisions and purposes of this Agreement, to evidence compliance herewith or to assure itself that it is protected in
    acting hereunder.

 

	11.	Consent to Service of Process. The Company,
    the Underwriter and the Escrow Agent hereby irrevocably consent to the jurisdiction of the courts of the State of Florida
    and of any Federal court located in such state in connection with any action, suit or proceedings arising out of or relating
    to this Agreement or any action taken or omitted hereunder, and waives personal service of any summons, complaint or other
    process and agrees that the service thereof may be made by certified or registered mail directed to it at the address listed
    hereto.

 

	12.	Miscellaneous.

 

a. This
Agreement shall be construed without regard to any presumption or other rule requiring construction against the party causing
such instrument to be drafted. The terms “hereby,” “hereof,” “hereunder,” and any similar
terms, as used in this Agreement, refer to the Escrow Agreement in its entirety and not only to the particular portion of this
Agreement where the term is used. The word “person” shall mean any natural person, partnership, corporation, government
and any other form of business of legal entity. All words or terms used in this Agreement, regardless of the number or gender
in which they were used, shall be deemed to include any other number and any other gender as the context may require. This Agreement
shall not be admissible in evidence to construe the provisions of any prior agreement.

 

     5

     

    

 

b. This
Agreement and the rights and obligations hereunder of the Company and the Underwriter may not be assigned without the consent
of the Escrow Agent, other than by laws of descent or operation of law. This Agreement and the rights and obligations hereunder
of the Escrow Agent may be assigned by the Escrow Agent, with the prior consent of the Company. This Agreement shall be binding
upon and inure to the benefit of each party’s respective successors, heirs and permitted assigns. No other person shall
acquire or have any rights under or by virtue of this Agreement. This Agreement may not be changed orally or modified, amended
or supplemented without an express written agreement executed by the Escrow Agent, the Company and the Underwriter, which consent
shall not be unreasonably withheld. This Agreement is intended to be for the sole benefit of the parties hereto and their respective
successors, heirs and permitted assigns, and none of the provisions of this Agreement are intended to be, nor shall they be construed
to be, for the benefit of any third person.

 

c. This
Agreement shall be governed by, and construed in accordance with, the internal laws of the State of Florida. The representations
and warranties contained in this Agreement shall survive the execution and delivery hereof and any investigations made by any
party. The headings in this Agreement are for purposes of reference only and shall not limit or otherwise affect any of the terms
thereof.

  

	13.	Execution of Counterparts. This Agreement
    may be executed in any number of counterparts, by facsimile or other form of electronic transmission, each of which shall
    be deemed to be an original as of those whose signature appears thereon, and all of which shall together constitute one and
    the same instrument. This Agreement shall become binding when one or more of the counterparts hereof, individually or taken
    together, are signed by all parties hereto.

 

[THE
REMAINDER OF THE PAGE IS INTENTIONALLY LEFT BLANK]

 

     6

     

    

 

IN
WITNESS WHEREOF, the parties have executed and delivered this Agreement on the day and year first above written.

  

	ESCROW AGENT: 	 
	 	 	 
	PEARLMAN LAW GROUP LLP	 
	 	 	 
	By:	 	 
	Name:	 	 
	Title:	  	 

  

COMPANY:

 

DATASEA
INC.

  

	By: 	 	 
	Name: 	Zhixin Liu	 
	Title: 	Chief Executive Officer	 

 

UNDERWRITER:

 

VIEWTRADE
SECURITIES, INC.

  

	By: 	 	 
	Name: 	Douglas K. Aguililla	 
	Title: 	Director, Investment Banking	 

  

Indemnification
Escrow Agreement

  

     7

     

    

  

Schedule
A

  

ACCOUNT
NAME:        

ACCOUNT
NO.:  

ABA
ROUTING NO.:  

SWIFT
CODE:  

BANK:
 

 

REFERENCE:
ATTN:    

  

TO
BE WIRED IN U.S. DOLLARS

 

     8Exhibit 10.16

 

SHARE ESCROW AGREEMENT

 

This Share Escrow Agreement
(this “Agreement”), dated as of _______, 2018, is entered into by and among Datasea Inc., a Nevada corporation
(the “Company”), Zhixin Liu, an individual and Chairman of the Board of Directors, Chief Executive Officer,
President, Interim-CFO, Secretary and Treasurer of the Company, Fu Liu, an individual and member of the Board of Directors of the
Company and the father of Zhixin Liu (together with Zhixin Liu, the “Stockholders”, and each, a “Stockholder”),
ViewTrade Securities, Inc., a Delaware corporation (“ViewTrade”), and West Coast Stock Transfer, Inc., a California
corporation, as escrow agent (the “Escrow Agent”).

 

WHEREAS, the
Company is conducting an underwritten public offering (the “Offering”) of its common stock, par value $0.001
per share (“Common Stock”), with ViewTrade serving as representative of the underwriters;

 

WHEREAS,
as a condition to ViewTrade serving as representative of the underwriters in the Offering, the Stockholders have agreed to place,
in the aggregate, a total of 14,250,000 shares of Common Stock (the “Escrow Shares”) held by the Stockholders,
in the exact amounts for each Stockholder as set forth on Exhibit A attached hereto, into escrow with the Escrow Agent,
on the terms and conditions set forth herein; and

 

WHEREAS,
the Escrow Agent, which also serves as the Company’s transfer agent (in such capacity, the “Transfer Agent”)
has agreed to act as escrow agent pursuant to the terms and conditions set forth herein.

 

NOW, THEREFORE,
in consideration of the mutual promises of the parties and the terms and conditions hereof, the parties hereby agree as follows:

 

Section 1. Appointment of Escrow Agent.
The Stockholders and the Company hereby appoint the Escrow Agent to act in accordance with the terms and conditions set forth in
this Agreement, and the Escrow Agent hereby accepts such appointment and agrees to act in accordance with such terms and conditions.

 

Section 2. Establishment of Escrow;
Restrictions on Transfer; No Short Sales. On the date hereof, as a condition to the closing of the Offering, the Stockholders
shall deliver, or cause to be delivered, to the Escrow Agent, certificates representing the Escrow Shares, along with stock powers
executed in blank (or such other signed instrument of transfer acceptable to the Transfer Agent). Each Stockholder hereby irrevocably
agrees that other than in accordance with this Agreement, such Stockholder will not offer, pledge, sell, contract to sell, sell
any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase or
otherwise transfer or dispose of, directly or indirectly, or announce the offering of any of the Escrow Shares (including any securities
convertible into, or exchangeable for, or representing the rights to receive Escrow Shares) or engage in any Short Sales (as defined
herein) with respect to any security of the Company. In furtherance thereof, the Company will (a) place a stop order on all Escrow
Shares, which shall expire as to the applicable Escrow Shares on the date such Escrow Shares are disbursed in accordance with the
terms of this Agreement, and (b) notify the Transfer Agent in writing of the stop order and the restrictions on such Escrow Shares
under this Agreement and direct the Transfer Agent not to process any attempts by either Stockholder to resell or transfer any
Escrow Shares before the date the Escrow Shares are disbursed in accordance with the terms of this Agreement, or otherwise in violation
of this Agreement. For purposes hereof, “Short Sales” include, without limitation, all “short sales”
as defined in Rule 200 promulgated under Regulation SHO under the Securities Exchange Act of 1934, as amended, and all types of
direct and indirect stock pledges, forward sale contracts, options, puts, calls, swaps and similar arrangements (including on a
total return basis), and sales and other transactions through non-U.S. broker dealers or foreign regulated brokers.

 

    	 	1	 

     

    

 

Section 3. Representations
of each Stockholder and the Company. Each of the Stockholders and the Company hereby represent and warrant, severally and not
jointly, as to itself only, to each of ViewTrade and the Escrow Agent as follows:

 

		(a)	Performance of this Agreement and compliance with the provisions hereof will not violate any provision
of any applicable law and will not conflict with or result in any breach of any of the terms, conditions or provisions of, or constitute
a default under, or result in the creation or imposition of any lien, charge or encumbrance upon, any of the properties or assets
of such Stockholder or the Company (as the case may be) pursuant to the terms of any indenture, mortgage, deed of trust or other
agreement or instrument binding upon such Stockholder or the Company (as the case may be).

 

		(b)	Each of the Stockholders and the Company has carefully considered and understands his, her or its
obligations and rights under this Agreement, and in furtherance thereof (x) has consulted with his, her or its legal and other
advisors with respect thereto and (y) hereby forever waives and agrees that he, she or it may not assert any equitable defenses
in any proceeding involving the Escrow Shares.

 

Section 4. Disbursement of the Escrow Shares.
Each party hereto hereby agrees as follows:

 

		(a)	In the event that the Valuation of the Company for the fiscal year ending June 30, 2019 is greater
than the Valuation of the Company for the fiscal year ending June 30, 2018, then the Escrow Agent shall disburse, within five (5)
business days after receipt of joint written instructions of the Company and ViewTrade, that number of Escrow Shares to the Stockholders
(in accordance with their respective ownership percentages) as determined by subtracting the Valuation of the Company for the fiscal
year ending June 30, 2018 from the Valuation of the Company for the fiscal year ending June 30, 2019, divided by the Offering Price
(rounded up or down to the nearest whole share), not to exceed the Escrow Shares.

 

		(b)	In the event that the Valuation of the Company for the fiscal year ending June 30, 2020 is greater
than the Valuation of the Company for the fiscal year ending June 30, 2019, then the Escrow Agent shall disburse, within five (5)
business days after receipt of joint written instructions of the Company and ViewTrade, that number of Escrow Shares to the Stockholders
(in accordance with their respective ownership percentages) as determined by subtracting the Valuation of the Company for the fiscal
year ending June 30, 2019 from the Valuation of the Company for the fiscal year ending June 30, 2020, divided by the Offering Price
(rounded up or down to the nearest whole share), not to exceed the Escrow Shares.

 

    	 	2	 

     

    

 

		(c)	In the event that the Valuation of the Company for the fiscal year ending June 30, 2021is greater
than the Valuation of the Company for the fiscal year ending June 30, 2020, then the Escrow Agent shall disburse, within five (5)
business days after receipt of joint written instructions of the Company and ViewTrade, that number of Escrow Shares to the Stockholders
(in accordance with their respective ownership percentages) as determined by subtracting the Valuation of the Company for the fiscal
year ending June 30, 2020 from the Valuation of the Company for the fiscal year ending June 30, 2021, divided by the Offering Price
(rounded up or down to the nearest whole share), not to exceed the Escrow Shares.

 

		(d)	In the event that the Valuation of the Company for the fiscal year ending June 30, 2022 is greater
than the Valuation of the Company for the fiscal year ending June 30, 2021, then the Escrow Agent shall disburse, within five (5)
business days after receipt of joint written instructions of the Company and ViewTrade, that number of Escrow Shares to the Stockholders
(in accordance with their respective ownership percentages) as determined by subtracting the Valuation of the Company for the fiscal
year ending June 30, 2021 from the Valuation of the Company for the fiscal year ending June 30, 2022, divided by the Offering Price
(rounded up or down to the nearest whole share), not to exceed the Escrow Shares.

 

		(e)	In the event that the Valuation of the Company for the fiscal year ending June 30, 2023 is greater
than the Valuation of the Company for the fiscal year ending June 30, 2022, then the Escrow Agent shall disburse, within five (5)
business days after receipt of joint written instructions of the Company and ViewTrade, that number of Escrow Shares to the Stockholders
(in accordance with their respective ownership percentages) as determined by subtracting the Valuation of the Company for the fiscal
year ending June 30, 2022 from the Valuation of the Company for the fiscal year ending June 30, 2023, divided by the Offering Price
(rounded up or down to the nearest whole share), not to exceed the Escrow Shares.

 

		(f)	In the event that the Valuation of the Company for the fiscal year ending June 30, 2024 is greater
than the Valuation of the Company for the fiscal year ending June 30, 2023, then the Escrow Agent shall disburse, within five (5)
business days after receipt of joint written instructions of the Company and ViewTrade, that number of Escrow Shares to the Stockholders
(in accordance with their respective ownership percentages) as determined by subtracting the Valuation of the Company for the fiscal
year ending June 30, 2023 from the Valuation of the Company for the fiscal year ending June 30, 2024, divided by the Offering Price
(rounded up or down to the nearest whole share), not to exceed the Escrow Shares.

 

		(g)	In the event that the Company failed to fully and timely satisfy any of the milestones set forth
in subsections (a)–(e) above: (i) but satisfies the milestone set forth in subsection (f), then the Escrow Agent shall disburse,
within five (5) business days after receipt of joint written instructions of the Company and ViewTrade, all remaining Escrow Shares,
not to exceed the total number of Escrow Shares, that would have previously been disbursed as if all previous milestones had been
fully and timely achieved; or (ii) and failed to satisfy the milestone set forth in subsection (f), then the Escrow Agent shall
disburse all remaining Escrow Shares, not to exceed the total number of Escrow Shares, to the Company within ten (10) business
days after the Company files its Annual Report on Form 10-K with the Securities and Exchange Commission (the “Commission”)
for the fiscal year ending June 30, 2024, and upon written instruction of ViewTrade, after which the Company shall immediately,
and no later than two (2) business days after receipt of such Escrow Shares, cancel such Escrow Shares. The Company shall provide
evidence of such cancellation to ViewTrade, in a form reasonably satisfactory to ViewTrade, within five (5) business days after
such cancellation.

 

    	 	3	 

     

    

 

		(h)	In the event that the Company failed to satisfy all of the milestones set forth in subsections
(e) and (f), then the Escrow Agent shall disburse all remaining Escrow Shares to the Company within ten (10) business days after
the Company files its Annual Report on Form 10-K with the Commission for the fiscal year ending June 30, 2024, and upon written
instruction of ViewTrade, after which the Company shall immediately, and no later than two (2) business days after receipt of such
Escrow Shares, cancel such Escrow Shares. The Company shall provide evidence of such cancellation to ViewTrade, in a form reasonably
satisfactory to ViewTrade, within five (5) business days after such cancellation.

 

		(i)	In the event that the Company fails to timely file any Annual Report on Form 10-K for any fiscal
year referenced in subsections (a)–(f) above (after taking into account permitted extensions, or without approval of ViewTrade),
then the Escrow Agent shall disburse all remaining Escrow Shares to the Company within ten (10) business days from the date that
such Annual Report on Form 10-K was due, and upon written instruction of ViewTrade, after which the Company shall immediately,
and no later than two (2) business days after receipt of such Escrow Shares, cancel such Escrow Shares. The Company shall provide
evidence of such cancellation to ViewTrade, in a form reasonably satisfactory to ViewTrade, within five (5) business days after
such cancellation.

 

		(j)	In the event that the Company amends, restates, and/or otherwise revises any of its financial statements
for any fiscal year identified in subsections (a)–(f) above whereby the effect would be to cause the Company to not satisfy
a previously satisfied milestone, then the Stockholders shall immediately return such previously disbursed Escrow Shares to the
Escrow Agent to be held and disbursed in accordance with the terms of this Agreement.

 

		(k)	For the avoidance of doubt, each milestone, and any corresponding release of Escrow Shares, requires
that the Common Stock be then listed on a national securities exchange as of the last date of each such fiscal year, and in no
event shall the number of shares of Common Stock released to the Stockholders be greater than the total number of Escrow Shares.

 

		(l)	The following terms have the following definitions:

 

“Revenue”
shall be identical to the Revenue set forth in the Company’s statement of income (loss) set forth in each applicable Annual
Report on Form 10-K for each fiscal year identified above.

 

“EBITDA”
shall mean earnings before interest, taxes, depreciation and amortization, as determined
by generally accepted accounting principles, consistently applied, including without limitation, an accrual for bonuses (if any)
payable to the Stockholders for the year for which EBITDA is determined using figures identical to those in each applicable Annual
Report on Form 10-K for each fiscal year identified above, and excluding charges (if any)
for the release of the Escrow Shares from escrow hereunder.

 

    	 	4	 

     

    

 

 

“Valuation”
means, for a fiscal year, the greater of (a) such fiscal year’s Revenue, as reported in the Company’s applicable Annual
Report on Form 10-K as filed with the Commission for such fiscal year, multiplied by 1.65 and (b) such fiscal year’s EBITDA,
as calculated from the Company’s applicable Annual Report on Form 10-K as filed with the Commission for such fiscal year,
multiplied by 18.

 

“Offering
Price” means $              .

 

		(m)	Within five (5) business days after the timely filing (after
taking into account permitted extensions) of each Annual Report on Form 10-K for each
fiscal year referenced in each of the subsections (a)–(f) above, the Company
shall provide to ViewTrade its calculations of Revenue and EBITDA with respect to
the fiscal year then ended. In the event that the Company fails to deliver such calculations to ViewTrade within such five (5)
business day period, then it shall be final, conclusive and binding on the parties that the Company failed to achieve such milestones.
Within five (5) business days after receipt of such calculations, ViewTrade shall either (i) deliver written notice to the Company
of any dispute it has with respect to such calculations or (ii) execute joint written instructions with the Company and provide
such joint written instructions to the Company approving the disbursement of the Escrow Shares. If ViewTrade does not notify the
Company of a dispute with respect to the calculations within such five (5) business day period, such calculations will be final,
conclusive and binding on the parties. In the event that ViewTrade timely delivers written notice of a dispute with respect to
either calculation, then ViewTrade and the Company shall negotiate in good faith to resolve such dispute. If ViewTrade and the
Company, notwithstanding such good faith efforts, fail to resolve such dispute within ten (10) business days after ViewTrade advises
the Company of its objections, then ViewTrade and the Company shall jointly enter arbitration in accordance with the rules and
procedures of the AAA (as defined below) for final determination of the calculations. As promptly as practicable thereafter, ViewTrade
and the Company shall each prepare and submit a presentation to the Arbitrator (as defined in Section 16(b)). ViewTrade and the
Company shall use reasonable efforts to cause the Arbitrator to deliver its determination, based solely upon the presentations
by ViewTrade and the Company, within thirty (30) days of the matters being referred to the Arbitrator. The Arbitrator shall act
as an arbitrator to determine, based upon the provisions of this Section 4(m), only the disputed calculations, and the determination
of each amount of the disputed calculations shall be made in accordance with the procedures set forth in this Section 4(m). All
determinations made by the Arbitrator will be final, conclusive and binding on all parties to this Agreement and upon which a judgment
may be entered by a court having jurisdiction thereover.

 

Section 5. Duration. This Agreement
shall terminate upon the disbursement of all of the Escrow Shares in accordance with the terms of this Agreement.

 

Section 6. Escrow Shares. For so
long as the Escrow Shares remain in escrow with the Escrow Agent in accordance with the terms of this Agreement, (a) any dividends
payable in cash with respect to the Escrow Shares and all voting and other shareholder rights (under law or pursuant to any documentation
to which the Company is a party or otherwise bound) applicable to the Escrow Shares shall be paid to and retained by, as applicable,
each Stockholder, but any dividends payable in shares or other non-cash property shall be delivered to the Escrow Agent to be held
in accordance with the terms of this Agreement, and (b) should the Escrow Agent receive cash dividends or voting materials, such
items shall not be held by the Escrow Agent, but shall be passed immediately on to each Stockholder and shall not be invested or
held for any time longer than is needed to effectively re-route such items to each Stockholder. In the event that the Escrow
Agent receives a communication from the Company requiring the conversion of the Escrow Shares to cash or the exchange
of the Escrow Shares for that of an acquiring company, then such cash or exchanged shares shall be redeposited with the Escrow
Agent. Each Stockholder shall be responsible for all of his or her respective taxes resulting from any such conversion or exchange.

 

    	 	5	 

     

    

 

Section 7. Interpleader.  Should
any controversy arise among the parties hereto with respect to this Agreement or with respect to the right to receive the Escrow
Shares, the Escrow Agent shall have the right to consult and hire counsel and/or to institute an appropriate interpleader action
to determine the rights of the parties. The Escrow Agent is also hereby authorized to institute an appropriate interpleader action
upon receipt of a written letter of direction executed by the parties so directing the Escrow Agent. If the Escrow Agent is directed
to institute an appropriate interpleader action, it shall institute such action not prior to thirty (30) days after receipt of
such letter of direction and not later than sixty (60) days after such date. Any interpleader action instituted in accordance with
this Section 7 shall be filed in any court of competent jurisdiction in New York, New York, and the Escrow Shares in dispute shall
be deposited with the court and in such event the Escrow Agent shall be relieved of and discharged from any and all obligations
and liabilities under and pursuant to this Agreement with respect to the Escrow Shares and any other obligations hereunder.

 

Section 8. Exculpation and
Indemnification of Escrow Agent. 

 

		(a)	The Escrow Agent acts under this Agreement as a depositary only and is not responsible or liable
in any manner whatsoever for the sufficiency, correctness, genuineness or validity of the subject matter of the escrow, or any
part thereof, or for the form or execution of any notice given by any other party hereunder, or for the identity or authority of
any person executing any such notice. The Escrow Agent will have no duties or responsibilities other than those expressly set forth
herein. The Escrow Agent will be under no liability to anyone by reason of any failure on the part of any party hereto (other than
the Escrow Agent) or any maker, endorser or other signatory of any document to perform such person’s or entity’s obligations
hereunder or under any such document. Except for this Agreement and instructions to the Escrow Agent pursuant to the terms of this
Agreement, the Escrow Agent will not be obligated to recognize any agreement between or among any or all of the persons or entities
referred to herein, notwithstanding its knowledge thereof.

 

		(b)	The Escrow Agent will not be liable for any action taken or omitted by it, or any action suffered
by it to be taken or omitted, absent gross negligence or willful misconduct. The Escrow Agent may rely conclusively on, and will
be protected in acting upon, any order, notice, demand, certificate, or opinion or advice of counsel (including counsel chosen
by the Escrow Agent), statement, instrument, report or other paper or document (not only as to its due execution and the validity
and effectiveness of its provisions, but also as to the truth and acceptability of any information therein contained) which is
reasonably believed by the Escrow Agent to be genuine and to be signed or presented by the proper person or persons. The duties
and responsibilities of the Escrow Agent hereunder shall be determined solely by the express provisions of this Agreement and no
other or further duties or responsibilities shall be implied, including, but not limited to, any obligation under or imposed by
any laws upon fiduciaries. The Escrow Agent shall not be liable, directly or indirectly, for any (i) damages, losses or expenses
arising out of the services provided hereunder, other than damages, losses or expenses which have been finally adjudicated to have
directly resulted from the Escrow Agent’s gross negligence or willful misconduct, or (ii) special, indirect or consequential
damages or losses of any kind whatsoever (including, without limitation, lost profits), even if the Escrow Agent has been advised
of the possibility of such losses or damages and regardless of the form of action.

 

    	 	6	 

     

    

 

		(c)	The Company and each Stockholder each hereby, jointly and severally, indemnify and hold harmless
the Escrow Agent and any of their principals, partners, agents, employees and affiliates from and against any expenses,
including reasonable attorneys’ fees and disbursements, damages or losses suffered by the Escrow Agent in connection with
any claim or demand, which, in any way, directly or indirectly, arises out of or relates to this Agreement or the services of the
Escrow Agent hereunder; except, that if the Escrow Agent is guilty of willful misconduct or gross negligence under
this Agreement, then the Escrow Agent, will bear all losses, damages and expenses arising as a result of its own willful misconduct
or gross negligence. Promptly after the receipt by the Escrow Agent of notice of any such demand or claim or the commencement of
any action, suit or proceeding relating to such demand or claim, the Escrow Agent, will notify the other parties hereto in writing.
For the purposes hereof, the terms “expense” and “loss” will include all amounts paid or payable to satisfy
any such claim or demand, or in settlement of any such claim, demand, action, suit or proceeding settled with the express written
consent of the parties hereto, and all costs and expenses, including, but not limited to, reasonable attorneys’ fees and
disbursements, paid or incurred in investigating or defending against any such claim, demand, action, suit or proceeding. The provisions
of this Section 8 shall survive the termination of this Agreement, and the resignation or removal of the Escrow Agent.

 

Section 9. Compensation of Escrow Agent.
The Escrow Agent shall be entitled to compensation for its services as stated in the fee schedule attached hereto as Exhibit
B, which compensation shall be paid by the Company. The fee agreed upon for the services rendered hereunder is intended as
full compensation for the Escrow Agent’s services as contemplated by this Agreement; provided, however, that
in the event that the Escrow Agent renders any material service not contemplated in this Agreement, or there is any assignment
of interest in the subject matter of this Agreement, or any material modification hereof, or if any material controversy arises
hereunder, or the Escrow Agent is made a party to any litigation pertaining to this Agreement, or the subject matter hereof, then
the Escrow Agent shall be reasonably compensated by the Company for such extraordinary services and reimbursed for all costs and
expenses, including reasonable attorneys’ fees, occasioned by any delay, controversy, litigation or event, and the same shall
be recoverable from the Company. Prior to incurring any costs and/or expenses in connection with the foregoing sentence and unless
required to prevent irreparable harm to the Escrow Agent, the Escrow Agent shall be required to provide written notice to the Company
of such costs and/or expenses and the relevancy thereof and the Escrow Agent shall not be permitted to incur any such costs and/or
expenses which are not related to litigation prior to receiving written approval from the Company, which approval shall not be
unreasonably withheld.

 

Section 10. Resignation of the Escrow
Agent. At any time, upon ten (10) business days’ written notice to each of the other parties hereto, the Escrow Agent
may resign and be discharged from its duties as the Escrow Agent hereunder. As soon as practicable after its resignation, the Escrow
Agent will promptly turn over to a successor escrow agent appointed by the Company, and reasonably acceptable to ViewTrade, the
Escrow Shares held hereunder upon presentation of a document appointing the new escrow agent and evidencing its acceptance thereof.
If, by the end of the ten (10) business day period following the giving of notice of resignation by the Escrow Agent, the Company
shall have failed to appoint a successor escrow agent, the Escrow Agent shall deposit the Escrow Shares as directed by ViewTrade
with the understanding that such Escrow Shares will continue to be subject to the provisions of this Agreement.

 

    	 	7	 

     

    

 

Section 11. Records. The Escrow
Agent shall maintain accurate records of all transactions hereunder. Promptly after the termination of this Agreement or as may
reasonably be requested by the parties hereto from time to time before such termination, the Escrow Agent shall provide the parties
hereto, as the case may be, with a complete copy of such records, certified by the Escrow Agent to be a complete and accurate account
of all such transactions. The authorized representatives of each of the parties hereto shall have access to such books and records
at all reasonable times during normal business hours upon reasonable notice to the Escrow Agent and at the requesting party’s
expense.

 

Section 12. Notice. All notices,
demands, consents, requests, instructions and other communications to be given or delivered or permitted under or by reason of
the provisions of this Agreement or in connection with the transactions contemplated hereby shall be in writing and shall be deemed
to be delivered and received by the intended recipient as follows: (i) if personally delivered, on the business day of such delivery
(as evidenced by the receipt of the personal delivery service), (ii) if mailed certified or registered mail return receipt requested,
on the business day of such delivery (as evidenced by the signed certified mail card), (iii) if delivered by overnight courier
(with all charges having been prepaid), on the business day of such delivery (as evidenced by the receipt of the overnight courier
service of recognized standing), (iv) if delivered by facsimile transmission, on the business day of such delivery if sent by 6:00
p.m. in the time zone of the recipient, or if sent after that time, on the next succeeding business day (as evidenced by the printed
confirmation of delivery generated by the sending party’s telecopier machine), or (v) if delivered by email on the business
day of such delivery (as evidenced by delivery confirmation). If any notice, demand, consent, request, instruction or other communication
cannot be delivered because of a changed address of which no notice was given (in accordance with this Section 9), or the refusal
to accept same, the notice, demand, consent, request, instruction or other communication shall be deemed received on the second
business day the notice is sent (as evidenced by a sworn affidavit of the sender). All such notices, demands, consents, requests,
instructions and other communications will be sent to addresses or facsimile numbers as applicable set forth on the signature page
hereto.

 

    	 	8	 

     

    

 

Section 13. Execution in Counterparts.
This Agreement may be executed and delivered in counterparts in any manner (paper, facsimile, electronic or other means), each
of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

 

Section 14. Assignment and Modification.
This Agreement and the rights and obligations hereunder of the Company may be assigned by the Company only following the prior
written consent of ViewTrade. This Agreement and the rights and obligations hereunder of the Escrow Agent may be assigned by the
Escrow Agent only with the prior consent of the Company and ViewTrade. This Agreement and the rights and obligations hereunder
of each Stockholder may not be assigned. This Agreement may not be changed orally or modified, amended or supplemented without
an express written agreement executed by all of the parties hereto. This Agreement is binding upon and intended to be for the sole
benefit of the parties hereto and their respective successors, heirs and permitted assigns, and none of the provisions of this
Agreement are intended to be, nor shall they be construed to be, for the benefit of any third person. No portion of the Escrow
Shares shall be subject to interference or control by any creditor of any party hereto, or be subject to being taken or reached
by any legal or equitable process in satisfaction of any debt or other liability of any such party hereto prior to the disbursement
thereof to such party hereto in accordance with the provisions of this Agreement.

 

Section 15. Applicable Law. This
Agreement shall be governed by and construed in accordance with the internal substantive laws of the State of New York, excluding,
to the greatest extent a New York court would permit, the application of the laws of any jurisdiction other than the State of New
York. Subject to Section 16, each party hereto irrevocably and unconditionally consents to submit to the exclusive jurisdiction
of the state or federal courts in New York city in the State of New York (the “New York Courts”) for any action,
suit, or proceeding arising out of or relating to this Agreement and the transactions contemplated by this Agreement (and agrees
not to commence any action, suit, or proceeding relating thereto except in the New York Courts). Each party hereto irrevocably
and unconditionally waives any objection to the laying of venue of any action, suit, or proceeding arising out of this Agreement
in the New York Courts, and further irrevocably and unconditionally waives and agrees not to plead or claim in any court that any
such action, suit, or proceeding brought in any New York Court has been brought in an inconvenient forum. The parties hereto each
hereby knowingly, voluntarily, irrevocably and intentionally waive the right each may have to a trial by jury with respect to any
litigation based hereon or arising out of, under or in connection with this Agreement or the subject matter thereof. This provision
is a material inducement for the parties to enter into this Agreement.

 

Section 16. Dispute Resolution.

 

		(a)	Except with respect to disputes regarding the calculations of Revenue and Market Capitalization
as contemplated by Section 4, which shall be resolved solely in accordance with Section 4(m), the parties agree to negotiate in
good faith to resolve any controversy or claim arising out of or related to this Agreement, including the validity, interpretation
or performance hereof.

 

		(b)	In the event the parties are unable to settle a dispute between them in accordance with subsection
(a) above, such dispute shall be referred to and finally settled by arbitration in accordance with the Commercial Arbitration Rules
and Mediation Procedures of the American Arbitration Association (the “AAA”). The arbitration shall be conducted
by the AAA before a single arbitrator (the “Arbitrator”). The place of the arbitration shall be in New York,
New York. The arbitration shall be conducted in English. Accordingly, the parties hereby waive a judicial proceeding, except for
enforcing the arbitration awards or in cases in which the arbitral tribunal requires judicial assistance, including through precautionary
measures. Each party hereto shall bear its own costs, including arbitration costs, and attorneys’ fees. Any award rendered
by the arbitrator may be entered in any court having jurisdiction thereof.

 

    	 	9	 

     

    

 

		(c)	Each party hereto agrees that monetary damages may not be an adequate remedy for any breach of
the provisions of this Agreement. Accordingly, each party hereto agrees that in the event of any threatened or actual breach of
this Agreement, the non-breaching party, in addition to any other remedies at law that it may have, shall be entitled to seek equitable
relief (including, among other things, the remedies of injunction, specific performance or a combination of these remedies) in
any court of competent jurisdiction.

 

Section 17. Headings. The headings
contained in this Agreement are for convenience of reference only and shall not affect the construction of this Agreement.

 

Section 18. Recitals. The recitals
herein above are hereby incorporated into this Agreement as if fully stated herein.

 

Section 19. Merger or Consolidation.
Any corporation or association into which the Escrow Agent may be converted or merged, or with which it may be consolidated, or
to which it may sell or transfer all or substantially all of its corporate trust business and assets as a whole or substantially
as a whole, or any corporation or association resulting from any such conversion, sale, merger, consolidation or transfer to which
the Escrow Agent is a party, shall be and become the successor escrow agent under this Agreement and shall have and succeed to
the rights, powers, duties, immunities and privileges as its predecessor, without the execution or filing of any instrument or
paper or the performance of any further act.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

    	 	10	 

     

    

 

IN WITNESS WHEREOF, the parties hereto
have duly executed this Agreement as of the date first set forth above.

 

	 	Datasea Inc.
	 	 	 
	 	By: 	 
	 	 	Name: Zhixin Liu
	 	 	Title:  Chief Executive Officer
	 	 	 
	 	Address:
	 	1 Xinghuo Rd. Changning Building, 11th Floor
	 	Fengtai District, Beijing, People’s Republic of China 100070
	 	Attention: Chief Executive Officer
	 	Email: liuzhixin@shuhaixinxi.com
	 	 	 
	 	ViewTrade Securities, Inc.
	 	 	 
	 	By: 	 
	 	 	Name: Douglas Aguililla
	 	 	Title:   Director
	 	 	 
	 	Address:
	 	7280 W. Palmetto Park Road, Suite 310
	 	Boca Raton, FL 33433 
	 	Attention: Douglas Aguililla 
	 	Email: dougagui@viewtrade.com

 

	 	West Coast Stock Transfer, Inc.
	 	 	 
	 	By: 	 
	 	 	Name:	 
	 	 	Title:  	 

 

	 	Address: 
	 	721 N. Vulcan Ave. Ste. 205
	 	Encinitas, CA 92024
	 	Attention: Frank Brickell
	 	Email: fbrickell@wcsti.com

 

[Signature Page Continues]

 

[Signature Page to Escrow Agreement]

 

    	

     

    

 

	 	 
	 	Zhixin Liu
	 	 
	 	Address: 
	 	 
	 	 
	 	 
	 	 
	 	Fu Liu
	 	 
	 	Address: 
	 	 
	 	 

 

[End of Signature Page
to Share Escrow Agreement]

 

[Signature Page to Escrow Agreement]

 

    	

     

    

 

EXHIBIT A

ESCROW SHARES

 

	Name	 	Total Escrow Shares	 
	Zhixin Liu	 	 	9,104,167	 
	Fu Liu	 	 	5,145,833	 
	Total	 	 	14,250,000	 

 

    	

     

    

 

EXHIBIT B

FEE SCHEDULE

[SEE ATTACHED]

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