Document:

Exhibit 10.22

 

STOCK PURCHASE AGREEMENT

 

STOCK PURCHASE AGREEMENT, dated as of 10 November, 2014 (this
"Agreement"), by and among Sunrise Real Estate Group, Inc. ("Issuer " and “Company”), having an
office and address at Hengfeng Road, No. 638, Fl 25, Bldg. A, Shanghai, China, and Ace Develop Properties Limited, a company organized
under the laws of the British Virgin Island, having an office and address at P.O. Box 957 Offshore Incorporation Centre, Road Town,
Tortola ("Purchaser”).

 

W I T N E S S E T H

 

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

 

WHEREAS, Purchaser desires to buy the Shares for $0.085 US per
share (the "Purchase Price") for an aggregate of $1,700,000 US (RMB 10,460,000 at exchange rate 6.1529) on the terms
and conditions set forth herein, and

 

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

 

ARTICLE 1

SALE AND PURCHASE OF THE SHARES

 

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

 

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

 

1.3 Consideration and Payment for the Shares. In consideration
for the Shares, Purchaser shall pay to the Issuer the purchase price of ONE MILLION SEVENTY THOUSAND (1,700,000) Dollars (RMB 10,460,000
at exchange rate 6.1529) in U.S. currency ("Purchase Price"). The Purchase Price shall be payable only upon Closing (as
set forth in Article 7 hereof).

 

    	 

    	 

    

 

ARTICLE 2 

REPRESENTATIONS AND WARRANTIES OF THE ISSUER

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    	 

    	 

    

 

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

 

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

 

ARTICLE 3 

REPRESENTATIONS AND WARRANTIES OF THE COMPANY

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

3.3 Authorized Capital, No Preemptive Rights, No Liens; Anti-Dilution.
As of the date hereof, the authorized capital of the Company is 200,000,000 shares of Common Stock, $0.01 par value. The issued
and outstanding capital stock of the Company is 48,691,925 shares of Common Stock. All of the shares of capital stock are, duly
authorized, validly issued, fully paid and non-assessable. No shares of capital stock of the Company are subject to preemptive
rights or similar rights of the stockholders of the Company or any liens or encumbrances imposed through the actions or failure
to act of the Company, or otherwise. As of the date hereof and at Closing, (i) there are no outstanding options, warrants, convertible
securities, scrip, rights to subscribe for, puts, calls, rights of first refusal, tag-along agreements, nor any other agreements,
understandings, claims or other commitments or rights of any character whatsoever relating to, or securities or rights convertible
into or exchangeable for any shares of capital stock of the Company, or arrangements by which the Company is or may become bound
to issue additional shares of capital stock of the Company, and (ii) there are no agreements or arrangements under which the Company
is obligated to register the sale of any of its securities under the Securities Act and (iii) there are no anti-dilution or price
adjustment provisions contained in any security issued by the Company (or in the Company's articles of incorporation or by-laws
or in any agreement providing rights to security holders) that will be triggered by the transactions contemplated by this Agreement.
The Company has furnished to Purchaser true and correct copies of the Company's articles of incorporation and by-laws.

 

    	 

    	 

    

 

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

 

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

 

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

 

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

 

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

 

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

 

    	 

    	 

    

 

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

 

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

 

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

 

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

 

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

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

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

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

 

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

 

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

 

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

 

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

 

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

 

    	 

    	 

    

 

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

 

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

 

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

 

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

 

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

 

ARTICLE 4 

REPRESENTATIONS AND WARRANTIES OF PURCHASER

 

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

 

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

 

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

 

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

 

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

 

    	 

    	 

    

 

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

 

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

 

ARTICLE 5 

INDEMNIFICATION

 

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

 

ARTICLE 6 

COVENANTS

 

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

 

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

 

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

 

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

 

ARTICLE 7 

CLOSING AND DELIVERY OF DOCUMENTS

 

7.1 Closing. The Closing shall be held on or before November
28, 2014 (the "Closing Date"). The Closing shall occur as a single integrated transaction, as follows.

 

(a) Delivery by Issuer

 

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

 

    	 

    	 

    

 

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

 

(b) Delivery by Purchaser. The Purchaser shall pay to the Issuer
an aggregate of $1,700,000 Dollars (RMB 10,460,000 at exchange rate 6.1529) by wire transfer as instructed by Issuer.

 

ARTICLE 8 

TERMINATION, AMENDMENT AND WAIVER

 

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

 

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

 

ARTICLE 9

MISCELLANEOUS

 

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

 

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

 

	If to Issuer: 	 
	Sunrise Real Estate Group, Inc.	 
	No.638, Hengfeng Road	 
	Shanghai, China, PRC	 
	Tel: +86-21-6422-2185	 
	Fax: +86-21-6422-8337	 
	 	 
	If to Purchaser to: 	 
	Lin Chi Jung.	 
	No.638, Hengfeng Road	 
	Shanghai, China, PRC	 

 

    	 

    	 

    

 

	Tel: +86-21-6422-2185	 
	Fax: +86-21-6422-8337	 

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    	 

    	 

    

 

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

 

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

 

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

 

	/s/ Lin, Chi-Jung	 
	Lin, Chi-Jung, CEO	 
	 	 
	SUNRISE REAL ESTATE GROUP, INC. 	 
	 	 
	/s/ Lin, Chi- Jung	 
	Lin, Chi-Jung, President, Sole Board of Director and Shareholder
	ACE DEVELOP PROPERTIES LIMITED.Exhibit
10.19

 

ID GLOBAL SOLUTIONS CORPORATION EQUITY COMPENSATION
PLAN

 

1.            Purpose.

 

1.1           Purpose.
The purpose of this ID Global Solutions Equity Compensation Plan is to enable the Company to offer to its employees, officers,
directors and consultants whose past, present and/or potential contributions to the Company and its Subsidiaries have been, are
or will be important to the success of the Company, an opportunity to acquire a proprietary interest in the Company. The types
of long-term incentive Awards that may be provided under the Plan will enable the Company to respond to changes in compensation
practices, tax laws, accounting regulations and the size and diversity of its businesses.

 

2.            Definitions.

 

2.1           Definitions.
For purposes of the Plan, the following terms shall be defined as set forth below:

 

(a)          “Agreement”
means the agreement between the Company and the Holder setting forth the terms and conditions of an Award under the Plan. Agreements
shall be in the form(s) attached hereto.

 

(b)          “Award”
means Stock Options, Restricted Stock and/or other Stock Based Awards awarded under the Plan.

 

(c)          “Board”
means the Board of Directors of the Company.

 

(d)          
“Code” means the Internal Revenue Code of 1986, as amended from time to time.

 

(e)          “Committee”
means the Compensation Committee of the Board or any other committee of the Board that the Board may designate to administer the
Plan or any portion thereof. If no Committee is so designated, then all references in this Plan to “Committee” shall
mean the Board.

 

(f)          “Common
Stock” means the common stock of the Company, $0.0001 par value per share.

 

(g)          “Company”
means ID Global Solutions, a corporation organized under the laws of the State of Delaware.

 

(h)          “Disability”
means physical or mental impairment as determined under procedures established by the Committee for purposes of the Plan.

 

(i)          “Effective
Date” means the date set forth in Section 11.1, below.

 

(j)          “Fair
Market Value”, unless otherwise required by any applicable provision of the Code or any regulations issued thereunder,
means, as of any given date: (i) if the Common Stock is listed on a national securities exchange, the closing price of the Common
Stock in the principal trading market for the Common Stock on such date, as reported by the exchange (or on the last preceding
trading date if such security was not traded on such date); (ii) if the Common Stock is not listed on a national securities exchange,
but is traded in the over-the-counter market, the closing bid price for the Common Stock on such date, as reported by the OTC
Bulletin Board or the OTC Markets Inc. or similar publisher of such quotations; and (iii) if the fair market value of the Common
Stock cannot be determined pursuant to clause (i) or (ii) above, such price as the Committee shall determine, in good faith.

 

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(k)          “Holder”
means a person who has received an Award under the Plan.

 

(l)          “Incentive
Stock Option” means any Stock Option intended to be and designated as an “incentive stock option” within
the meaning of Section 422 of the Code.

 

(m)         
“Nonqualified Stock Option” means any Stock Option that is not an Incentive Stock Option.

 

(n)          “Normal
Retirement” means retirement from active employment with the Company or any Subsidiary, other than for Cause or
due to death or disability, of a Holder who; (i) has reached the age of 65; (ii) has reached the age of 62 and has completed five
years of service with the Company; or (iii) has reached the age of 60 and has completed 10 years of service with the Company.

 

(o)          “Other
Stock-Based Award” means an Award under Section 8, below, that is valued in whole or in part by reference to, or
is otherwise based upon, Common Stock.

 

(p)          “Parent”
means any present or future “parent corporation” of the Company, as such term is defined in Section 424(e) of the
Code.

 

(q)          “Plan”
means the ID Global Solutions Equity Compensation Plan, as hereinafter amended from time to time.

 

(r)          “Repurchase
Value” shall mean the Fair Market Value in the event the Award to be repurchased under Section 9.2 is comprised
of shares of Common Stock and the difference between Fair Market Value and the Exercise Price (if lower than Fair Market Value)
in the event the Award is a Stock Option; in each case, multiplied by the number of shares subject to the Award.

 

(s)          “Restricted
Stock” means Common Stock, received under an Award made pursuant to Section 7, below that is subject to restrictions
under said Section 7.

 

(t)          “Stock
Option” or “Option” means any option to purchase shares of Common Stock that is granted pursuant
to the Plan.

 

(u)          “Subsidiary”
means any present or future “subsidiary corporation” of the Company, as such term is defined in Section 424(f) of
the Code.

 

3.            Administration.

 

3.1           Committee
Membership. The Plan shall be administered by the Committee, the Board or a committee designated by the Board. Committee members
shall serve for such term as the Board may in each case determine, and shall be subject to removal at any time by the Board. The
Committee members, to the extent deemed to be appropriate by the Board, shall be “non-employee directors” as defined
in Rule 16b-3 promulgated under the Securities Exchange Act of 1934, as amended (“Exchange Act”), and
“outside directors” within the meaning of Section 162(m) of the Code. The Committee shall conduct itself in conformance
with the provisions of the Compensation Committee Charter.

 

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3.2           Powers
of Committee. The Committee shall have the authority and responsibility to recommend to the Board for approval, Awards for
Board members, executive officers, non-executive employees and consultants of the Company, pursuant to the terms of the Plan:
(i) Stock Options, (ii) Restricted Stock, and/or (iii) Other Stock-Based Awards. For purposes of illustration and not of limitation,
the Committee shall have the authority (subject to the express provisions of this Plan):

 

(a)          to
select the officers, employees, directors and consultants of the Company or any Subsidiary to whom Stock Options, Restricted Stock,
and/or Other Stock-Based Awards may from time to time be awarded hereunder.

 

(b)          to
determine the terms and conditions, not inconsistent with the terms of the Plan or requisite Board approval, of any Award granted
hereunder including, but not limited to, number of shares, share exercise price or types of consideration paid upon exercise of
Stock Options and the purchase price of Common Stock awarded under the Plan (including without limitation by a Holder’s conversion
of deferred salary or other indebtedness of the Company to the Holder), such as other securities of the Company or other property,
any restrictions or limitations, and any vesting, exchange, surrender, cancellation, acceleration, termination, exercise or forfeiture
provisions, as the Committee shall determine;

 

(c)          to
determine any specified performance goals or such other factors or criteria which need to be attained for the vesting of an Award
granted hereunder;

 

(d)          to
determine the terms and conditions under which Awards granted hereunder are to operate on a tandem basis and/or in conjunction
with or apart from other equity awarded under this Plan and cash Awards made by the Company or any Subsidiary outside of this Plan;
and

 

(e)          to
determine the extent and circumstances under which Common Stock and other amounts payable with respect to an Award hereunder shall
be deferred that may be either automatic or at the election of the Holder; and

 

3.3           Interpretation
of Plan.

 

3.1           Committee
Authority. Subject to Section 10, below, the Committee shall have the authority to adopt, alter and repeal such administrative
rules, guidelines and practices governing the Plan as it shall, from time to time, deem advisable, to interpret the terms and
provisions of the Plan and any Award issued under the Plan (and to determine the form and substance of all Agreements relating
thereto), and to otherwise supervise the administration of the Plan. Subject to Section 10, below, all decisions made by the Committee
pursuant to the provisions of the Plan shall be made in the Committee’s sole discretion, subject to Board authorization
if indicated, and shall be final and binding upon all persons, including the Company, its Subsidiaries and Holders.

 

3.2           Incentive
Stock Options. Anything in the Plan to the contrary notwithstanding, no term or provision of the Plan relating to Incentive
Stock Options or any Agreement providing for Incentive Stock Options shall be interpreted, amended or altered, nor shall any discretion
or authority granted under the Plan be so exercised, so as to disqualify the Plan under Section 422 of the Code, or, without the
consent of the Holder(s) affected, to disqualify any Incentive Stock Option under such Section 422.

 

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4.            Stock
Subject to Plan.

 

4.1           Number
of Shares. The total number of shares of Common Stock reserved and available for issuance under the Plan shall be twenty five
million (25,000,000) shares. Shares of Common Stock under the Plan may consist, in whole or in part, of authorized and unissued
shares or treasury shares. The number of shares of Common Stock available for issuance under the Plan shall automatically increase
on the first trading day of January each calendar year during the term of the Plan, beginning with calendar year 2015, by an amount
equal to one and a half percent (2%) of the total number of shares of Common Stock outstanding on the last trading day in December
of the immediately preceding calendar year, but in no event shall any such annual increase exceed 250,000 shares of Common Stock.
If any share of Common Stock that have been granted pursuant to a Stock Option ceases to be subject to a Stock Option, or if any
shares of Common Stock that are subject to any Restricted Stock, Deferred Stock Award, or Other Stock-Based Award granted hereunder
are forfeited or any such Award otherwise terminates without a payment being made to the Holder in the form of Common Stock, such
shares shall again be available for distribution in connection with future grants and Awards under the Plan.

 

4.2           Adjustment
Upon Changes in Capitalization, Etc. In the event of any dividend (other than a cash dividend) payable on shares of Common
Stock, stock split, reverse stock split, combination or exchange of shares, or other similar event (not addressed in Section 4.3,
below) occurring after the grant of an Award, which results in a change in the shares of Common Stock of the Company as a whole,
(i) the number of shares issuable in connection with any such Award and the purchase price thereof, if any, shall be proportionately
adjusted to reflect the occurrence of any such event and (ii) the Committee shall determine whether such change requires an adjustment
in the aggregate number of shares reserved for issuance under the Plan or to retain the number of shares reserved and available
under the Plan in their sole discretion. Any adjustment required by this Section 4.2 shall be made by the Committee, in good faith,
subject to Board authorization if indicated, whose determination will be final, binding and conclusive.

 

4.3           Certain
Mergers and Similar Transactions. In the event of (a) a dissolution or liquidation of the Company, (b) a merger or consolidation
in which the Company is not the surviving corporation (other than a merger or consolidation with a wholly-owned subsidiary, a
reincorporation of the Company in a different jurisdiction, or other transaction in which there is no substantial change in the
shareholders of the Company or their relative stock holdings and the Awards granted under this Plan are assumed, converted or
replaced by the successor corporation, which assumption will be binding on all Awardees, (c) a merger in which the Company is
the surviving corporation but after which the shareholders of the Company immediately prior to such merger (other than any shareholder
that merges, or which owns or controls another corporation that merges, with the Company in such merger) cease to own their shares
or other equity interest in the Company, (d) the sale of substantially all of the assets of the Company, or (e) the acquisition,
sale, or transfer of more than 50% of the outstanding shares of the Company by tender offer or similar transaction, any or all
outstanding Awards may be assumed, converted or replaced by the successor corporation (if any), which assumption, conversion or
replacement will be binding on all Awardees. In the alternative, the successor corporation may substitute equivalent Awards or
provide substantially similar consideration to Awardees as was provided to shareholders (after taking into account the existing
provisions of the Awards). The successor corporation may also issue, in place of outstanding Shares of the Company held by the
Holder, substantially similar shares or other property subject to repurchase restrictions no less favorable to the Holder. In
the event such successor corporation (if any) refuses or otherwise declines to assume or substitute Awards, as provided above,
(i) the vesting of any or all Awards granted pursuant to this Plan will accelerate immediately prior to the effective date of
a transaction described in this Section 4.3 and (ii) any or all Options granted pursuant to this Plan will become exercisable
in full prior to the consummation of such event at such time and on such conditions as the Committee determines. If such Options
are not exercised prior to the consummation of the corporate transaction, they shall terminate at such time as determined by the
Committee. Subject to any greater rights granted to Awardees under the foregoing provisions of this Section 4.3, in the event
of the occurrence of any transaction described in this Section 4.3, any outstanding Awards will be treated as provided in the
applicable agreement or plan of merger, consolidation, dissolution, liquidation, or sale of assets.

 

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5.            Eligibility.

 

Awards may be made
or granted to employees, officers, directors and consultants who are deemed to have rendered or to be able to render significant
services to the Company or its Subsidiaries and who are deemed to have contributed or to have the potential to contribute to the
success of the Company. No Incentive Stock Option shall be granted to any person who is not an employee of the Company or a Subsidiary
at the time of grant. Notwithstanding anything to the contrary contained in the Plan, Awards covered or to be covered under a registration
statement on Form S-8 which may be filed with the United States Securities and Exchange Commission may be made under the Plan only
if (a) they are made to natural persons, (b) who provide bona fide services to the Company or its Subsidiaries, and (c) the services
are not in connection with the offer and sale of securities in a capital raising transaction, and do not directly or indirectly
promote or maintain a market for the Company’s securities.

 

6.            Stock
Options.

 

6.1           Grant
and Exercise. Stock Options granted under the Plan may be of two types: (i) Incentive Stock Options and (ii) Nonqualified
Stock Options. Any Stock Option granted under the Plan shall contain such terms, not inconsistent with this Plan, or with respect
to Incentive Stock Options, not inconsistent with the Plan and the Code, as the Committee may from time to time approve. The Committee
shall have the authority to grant Incentive Stock Options or Non-qualified Stock Options, or both types of Stock Options, which
may be granted alone or in addition to other Awards granted under the Plan. To the extent that any Stock Option intended to qualify
as an Incentive Stock Option does not so qualify, it shall constitute a separate Nonqualified Stock Option.

 

6.2           Terms
and Conditions. Stock Options granted under the Plan shall be subject to the following terms and conditions:

 

(a)          Option
Term. The term of each Stock Option shall be fixed by the Committee; provided, however, that an Incentive Stock Option may
be granted only within the ten-year period commencing from the Effective Date and may only be exercised within ten years of the
date of grant (or five years in the case of an Incentive Stock Option granted to an optionee who, at the time of grant, owns Common
Stock possessing more than 10% of the total combined voting power of all classes of stock of the Company (“10% Shareholder”).

 

(b)          Exercise
Price. The exercise price per share of Common Stock purchasable under a Stock Option shall be determined by the Committee
at the time of grant and may not be less than 100% of the Fair Market Value on the day of grant; provided, however, that the exercise
price of an Incentive Stock Option granted to a 10% Shareholder shall not be less than 110% of the Fair Market Value on the date
of grant.

 

(c)          Exercisability.
Stock Options shall be exercisable at such time or times and subject to such terms and conditions as shall be determined by the
Committee and as set forth in Section 9, below. If the Committee provides, in its discretion, that any Stock Option is exercisable
only in installments, i.e., that it vests over time, the Committee may waive such installment exercise provisions at any time
at or after the time of grant in whole or in part, based upon such factors as the Committee shall determine.

 

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(d)          Method
of Exercise. Subject to whatever installment, exercise and waiting period provisions are applicable in a particular case;
Stock Options may be exercised in whole or in part at any time during the term of the Option, by giving written notice of exercise
to the Company specifying the number of shares of Common Stock to be purchased. Such notice shall be accompanied by payment in
full of the purchase price, which shall be in cash or, if provided in the Agreement, either in shares of Common Stock (including
Restricted Stock and other contingent Awards under this Plan) or partly in cash and partly in such Common Stock, or such other
means which the Committee determines are consistent with the Plan’s purpose and applicable law. Cash payments shall be made
by wire transfer, certified or bank check or personal check, in each case payable to the order of the Company; provided, however,
that the Company shall not be required to deliver certificates for shares of Common Stock with respect to which an Option is exercised
until the Company has confirmed the receipt of good and available funds in payment of the purchase price thereof. Payments in
the form of Common Stock shall be valued at the Fair Market Value on the date prior to the date of exercise. Such payments shall
be made by delivery of stock certificates in negotiable form that are effective to transfer good and valid title thereto to the
Company, free of any liens or encumbrances. A Holder shall have none of the rights of a shareholder with respect to the shares
subject to the Option until such shares shall be transferred to the Holder upon the exercise of the Option.

 

(e)          Transferability.
Except as may be set forth in the Agreement, no Stock Option shall be transferable by the Holder other than by will or by the
laws of descent and distribution, and all Stock Options shall be exercisable, during the Holder’s lifetime, only by the
Holder (or, to the extent of legal incapacity or incompetency, the Holder’s guardian or legal representative).

 

(f)          Termination
by Reason of Death. If a Holder’s employment by the Company or a Subsidiary terminates by reason of death, any Stock
Option held by such Holder, unless otherwise determined by the Committee at the time of grant and set forth in the Agreement,
shall thereupon automatically terminate, except that the portion of such Stock Option that has vested on the date of death may
thereafter be exercised by the legal representative of the estate or by the legatee of the Holder under the will of the Holder,
for a period of one year (or such other greater or lesser period as the Committee may specify at grant) from the date of such
death or until the expiration of the stated term of such Stock Option, whichever period is the shorter.

 

(g)          Termination
by Reason of Disability. If a Holder’s employment by the Company or any Subsidiary terminates by reason of Disability,
any Stock Option held by such Holder, unless otherwise determined by the Committee at the time of grant and set forth in the Agreement,
shall there upon automatically terminate, except that the portion of such Stock Option that has vested on the date of termination
may thereafter be exercised by the Holder for a period of one year (or such other greater or lesser period as the Committee may
specify at the time of grant) from the date of such termination of employment or until the expiration of the stated term of such
Stock Option, whichever period is the shorter.

 

(h)          Other
Termination. Subject to the provisions of Section 12, below, and unless otherwise determined by the Committee at the time
of grant and set forth in the Agreement, if a Holder is an employee of the Company or a Subsidiary at the time of grant and if
such Holder’s employment by the Company or any Subsidiary terminates for any reason other than death or Disability, the
Stock Option shall thereupon automatically terminate, except that if the Holder’s employment is terminated by the Company
or a Subsidiary without cause or due to Normal Retirement, then the portion of such Stock Option that has vested on the date of
termination of employment may be exercised for the lesser of three months after termination of employment or the balance of such
Stock Option’s term.

 

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(i)          Additional
Incentive Stock Option Limitation. In the case of an Incentive Stock Option, the aggregate Fair Market Value (on the date
of grant of the Option) with respect to which Incentive Stock Options become exercisable for the first time by a Holder during
any calendar year (under all such plans of the Company and its Parent and Subsidiary) shall not exceed $100,000.

 

(j)          Buyout
and Settlement Provisions. The Committee may at any time, subject to Board authorization, if indicated, offer to repurchase
a Stock Option previously granted, based upon such terms and conditions as the Committee shall establish and communicate to the
Holder at the time that such offer is made.

 

7.            Restricted
Stock.

 

7.1           Grant.
Shares of Restricted Stock may be awarded either alone or in addition to other Awards granted under the Plan. The Committee, subject
to Board authorization, if indicated, shall determine the eligible persons to whom, and the time or times at which, grants of
Restricted Stock will be awarded, the number of shares to be awarded, the price (if any) to be paid by the Holder, the time or
times within which such Awards may be subject to forfeiture (“Restriction Period”), the vesting schedule
and rights to acceleration thereof, and all other terms and conditions of the Awards.

 

7.2           Terms
and Conditions. Each Restricted Stock Award shall be subject to the following terms and conditions:

 

(a)          Certificates.
Restricted Stock, when issued, will be represented by a stock certificate or certificates registered in the name of the Holder
to whom such Restricted Stock shall have been awarded. During the Restriction Period, certificates representing the Restricted
Stock and any securities constituting Retained Distributions (as defined below) shall bear a legend to the effect that ownership
of the Restricted Stock (and such Retained Distributions), and the enjoyment of all rights appurtenant thereto, are subject to
the restrictions, terms and conditions provided in the Plan and the Agreement. Such certificates shall be deposited by the Holder
with the Company, together with stock powers or other instruments of assignment, each endorsed in blank, which will permit transfer
to the Company of all or any portion of the Restricted Stock and any securities constituting Retained Distributions that shall
be forfeited or that shall not become vested in accordance with the Plan and the Agreement.

 

(b)          Rights
of Holder. Restricted Stock shall constitute issued and outstanding shares of Common Stock for all corporate purposes. The
Holder will have the right to vote such Restricted Stock, to receive and retain all regular cash dividends and other cash equivalent
distributions as the Board may in its sole discretion designate, pay or distribute on such Restricted Stock and to exercise all
other rights, powers and privileges of a holder of Common Stock with respect to such Restricted Stock, with the exceptions that
(i) the Holder will not be entitled to delivery of the stock certificate or certificates representing such Restricted Stock until
the Restriction Period shall have expired and unless all other vesting requirements with respect thereto shall have been fulfilled;
(ii) the Company will retain custody of the stock certificate or certificates representing the Restricted Stock during the Restriction
Period; (iii) other than regular cash dividends and other cash equivalent distributions as the Board may in its sole discretion
designate, pay or distribute, the Company will retain custody of all distributions (“Retained Distributions”)
made or declared with respect to the Restricted Stock (and such Retained Distributions will be subject to the same restrictions,
terms and conditions as are applicable to the Restricted Stock) until such time, if ever, as the Restricted Stock with respect
to which such Retained Distributions shall have been made, paid or declared shall have become vested and with respect to which
the Restriction Period shall have expired; (iv) a breach of any of the restrictions, terms or conditions contained in this Plan
or the Agreement or otherwise established by the Committee with respect to any Restricted Stock or Retained Distributions will
cause a forfeiture of such Restricted Stock and any Retained Distributions with respect thereto.

 

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(c)          Vesting;
Forfeiture. Upon the expiration of the Restriction Period with respect to each Award of Restricted Stock and the satisfaction
of any other applicable restrictions, terms and conditions (i) all or part of such Restricted Stock shall become vested in accordance
with the terms of the Agreement, subject to Section 9, below, and (ii) any Retained Distributions with respect to such Restricted
Stock shall become vested to the extent that the Restricted Stock related thereto shall have become vested, subject to Section
9, below. Any such Restricted Stock and Retained Distributions that do not vest shall be forfeited to the Company and the Holder
shall not thereafter have any rights with respect to such Restricted Stock and Retained Distributions that shall have been so
forfeited.

 

8.            Other
Stock-Based Awards.

 

Other Stock-Based Awards
may be awarded, subject to limitations under applicable law, that are denominated or payable in, valued in whole or in part by
reference to, or otherwise based on, or related to, shares of Common Stock, as deemed by the Committee to be consistent with the
purposes of the Plan, including, without limitation, purchase rights, shares of Common Stock awarded which are not subject to any
restrictions or conditions, or other rights convertible into shares of Common Stock and Awards valued by reference to the value
of securities of or the performance of specified Subsidiaries. Other Stock-Based Awards may be awarded either alone or in addition
to or in tandem with any other Awards under this Plan or any other plan of the Company. Each other Stock-Based Award shall be subject
to such terms and conditions as may be determined by the Committee.

 

9.            Accelerated
Vesting and Exercisability.

 

9.1           Non-Approved
Transactions. If any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) is or becomes
the “beneficial owner” (as referred in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of
the Company representing 30% or more of the combined voting power of the Company’s then outstanding securities in one or
more transactions, and the Board does not authorize or otherwise approve such acquisition, then the vesting periods of any and
all Stock Options and other Awards granted and outstanding under the Plan shall be accelerated and all such Stock Options and
Awards will immediately and entirely vest, and the respective holders thereof will have the immediate right to purchase and/or
receive any and all Common Stock subject to such Stock Options and Awards on the terms set forth in this Plan and the respective
agreements respecting such Stock Options and Awards.

 

9.2           Approved
Transactions. The Committee may, subject to Board authorization, if indicated, in the event of an acquisition of substantially
all of the Company’s assets or at least 50% of the combined voting power of the Company’s then outstanding securities
in one or more transactions (including by way of merger or reorganization) which has been approved by the Company’s Board
of Directors, (i) accelerate the vesting of any and all Stock Options and other Awards granted and outstanding under the Plan,
and (ii) require a Holder of any Award granted under this Plan to relinquish such Award to the Company upon the tender by the
Company to Holder of cash in an amount equal to the Repurchase Value of such Award.

 

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10.           Amendment and Termination.

 

The Board may at any
time, and from time to time, amend alter, suspend or discontinue any of the provisions of the Plan, but no amendment, alteration,
suspension or discontinuance shall be made that would impair the rights of a Holder under any Agreement theretofore entered into
hereunder, without the Holder’s consent.

 

11.          Term of Plan.

 

11.1     Effective Date. The Plan shall
become effective at such time as the Plan is approved and adopted by the Company’s Board of Directors (the “Effective
Date”), subject to the following provisions:

 

(a)          to
the extent that the Plan authorizes the Award of Incentive Stock Options, shareholder approval for the Plan shall be obtained within
12 months of the Effective Date; and

 

(b)          the
failure to obtain shareholder for the Plan as contemplated by subparagraph (a) of this Section 11 shall not invalidate the Plan;
provided, however, that (i) in the absence of such shareholder approval, Incentive Stock Options may not be awarded under the Plan
and (ii) any Incentive Stock Options theretofore awarded under the Plan shall be converted into Non-Qualified Options upon terms
and conditions determined by the Committee to reflect, as nearly as is reasonably practicable in its sole determination, the terms
and conditions of the Incentive Stock Options being so converted.

 

1.2        Termination
Date. Unless otherwise terminated by the Board, this Plan shall continue to remain effective until the earlier of ten (10)
years from the Effective Date or such time as no further Awards may be granted and all Awards granted under the Plan are no longer
outstanding. Notwithstanding the foregoing, grants of Incentive Stock Options may be made only during the ten-year period following
the Effective Date.

 

12.         General
Provisions.

 

12.1        Written
Agreements. Each Award granted under the Plan shall be confirmed by, and shall be subject to the terms, of the Agreement executed
by the Company and the Holder. The Committee may terminate any Award made under the Plan if the Agreement relating thereto is
not executed and returned to the Company within 10 days after the Agreement has been delivered to the Holder for his or her execution.

 

12.2        Unfunded
Status of Plan. The Plan is intended to constitute an “unfunded” plan for incentive and deferred compensation.
With respect to any payments not yet made to a Holder by the Company, nothing contained herein shall give any such Holder any
rights that are greater than those of a general creditor of the Company.

 

12.3        Employees.

 

(a)          Engaging
in Competition with the Company; Disclosure of Confidential Information. If a Holder’s employment with the Company or
a Subsidiary is terminated for any reason whatsoever, and within three months after the date thereof such Holder either (i) accepts
employment with any competitor of, or otherwise engages in competition with, the Company or (ii) discloses to anyone outside the
Company or uses any confidential information or material of the Company in violation of the Company’s policies or any agreement
between the Holder and the Company, the Committee, in its sole discretion, may require such Holder to return to the Company the
economic value of any Award that was realized or obtained by such Holder at any time during the period beginning on that date
that is six months prior to the date such Holder’s employment with the Company is terminated.

 

    	9

    	 

    

   

(b)          Termination
for Cause. The Committee may, if a Holder’s employment with the Company or a Subsidiary is terminated for cause, annul
any Award granted under this Plan to such employee and, in such event, the Committee, in its sole discretion, may require such
Holder to return to the Company the economic value of any Award that was realized or obtained by such Holder at any time during
the period beginning on that date that is six months prior to the date such Holder’s employment with the Company is terminated.

 

(c)          No
Right of Employment. Nothing contained in the Plan or in any Award hereunder shall be deemed to confer upon any Holder who
is an employee of the Company or any Subsidiary any right to continued employment with the Company or any Subsidiary, nor shall
it interfere in any way with the right of the Company or any Subsidiary to terminate the employment of any Holder who is an employee
at any time.

 

12.4.        Investment Representations; Company Policy. The Committee may require each person acquiring shares of Common Stock pursuant
to a Stock Option or other Award under the Plan to represent to and agree with the Company in writing that the Holder is acquiring
the shares for investment without a view to distribution thereof. Each person acquiring shares of Common Stock pursuant to a Stock
Option or other Award under the Plan shall be required to abide by all policies of the Company in effect at the time of such acquisition
and thereafter with respect to the ownership and trading of the Company’s securities.

 

12.5        Additional Incentive Arrangements. Nothing contained in the Plan shall prevent the Board from adopting such other or additional
incentive arrangements as it may deem desirable, including, but not limited to, the granting of Stock Options and the Awarding
of Common Stock and cash otherwise than under the Plan; and such arrangements may be either generally applicable or applicable
only in specific cases.

 

12.6        Withholding Taxes. Not later than the date as of which an amount must first be included in the gross income of the Holder
for Federal income tax purposes with respect to any option or other Award under the Plan, the Holder shall pay to the Company,
or make arrangements satisfactory to the Committee regarding the payment of, any Federal, state and local taxes of any kind required
by law to be withheld or paid with respect to such amount. If permitted by the Committee, tax withholding or payment obligations
may be settled with Common Stock, including Common Stock that is part of the Award that gives rise to the withholding requirement.
The obligations of the Company under the Plan shall be conditioned upon such payment or arrangements and the Company or the Holder’s
employer (if not the Company) shall, to the extent permitted by law, have the right to deduct any such taxes from any payment
of any kind otherwise due to the Holder from the Company or any Subsidiary.

 

12.7        Governing Law. The Plan and all Awards made and actions taken thereunder shall be governed by and construed in accordance
with the laws of the State of Florida.

 

12.8        Other
Benefit Plans. Any Award granted under the Plan shall not be deemed compensation for purposes of computing benefits under
any retirement plan of the Company or any Subsidiary and shall not affect any benefits under any other benefit plan now or subsequently
in effect under which the availability or amount of benefits is related to the level of compensation (unless required by specific
reference in any such other plan to Awards under this Plan).

 

    	10

    	 

    

  

12.9        Non-Transferability.
Except as otherwise expressly provided in the Plan or the Agreement, no right or benefit under the Plan may be alienated, sold,
assigned, hypothecated, pledged, exchanged, transferred, encumbered or charged, and any attempt to alienate, sell, assign, hypothecate,
pledge, exchange, transfer, encumber or charge the same shall be void.

 

12.10       
Applicable Laws. The obligations of the Company with respect to all Stock Options and Awards under the Plan shall be subject
to (i) all applicable laws, rules and regulations and such approvals by any governmental agencies as may be required, including,
without limitation, the Securities Act of 1933, as amended (the “Securities Act”), and (ii) the rules
and regulations of any securities exchange on which the Common Stock may be listed or quoted.

 

12.11       
Conflicts. If any of the terms or provisions of the Plan or an Agreement conflict with the requirements of Section 422
of the Code, then such terms or provisions shall be deemed inoperative to the extent they so conflict with such requirements.
Additionally, if this Plan or any Agreement does not contain any provision required to be included herein under Section 422 of
the Code, such provision shall be deemed to be incorporated herein and therein with the same force and effect as if such provision
had been set out at length herein and therein. If any of the terms or provisions of any Agreement conflict with any terms or provisions
of the Plan, then such terms or provisions shall be deemed inoperative to the extent they so conflict with the requirements of
the Plan. Additionally, if any Agreement does not contain any provision required to be included therein under the Plan, such provision
shall be deemed to be incorporated therein with the same force and effect as if such provision had been set out at length therein.

 

12.12       
Non-Registered Stock. The shares of Common Stock to be distributed under this Plan have not been, as of the Effective Date,
registered under the Securities Act or any applicable state or foreign securities laws and the Company has no obligation to any
Holder to register the Common Stock or to assist the Holder in obtaining an exemption from the various registration requirements,
or to list the Common Stock on a national securities exchange or any other trading or quotation system.

 

    	11

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