Document:

Exhibit 4.21

 

    DATED THIS         DAY OF        12/October/2020

 

BETWEEN

 

Finblock
Foundation LTD.

(“COMPANY”)

 

AND

 

Mercurity
Fintech Holding Inc.

(“SERVICE PROVIDER”)

 

 

 

AGREEMENT FOR SOFTWARE

DEVELOPMENT SERVICES

 

 

 

 

     

     

    

 

THIS AGREEMENT FOR SOFTWARE DEVELOPMENT SERVICES
(this “Agreement”) is made on the 12 day of October∙ 2020

 

BETWEEN

 

		1.	Finblock Foundation LTD. (Republic of Singapore Registration No. 202038075W), a company incorporated in the Republic of Singapore
and having its registered address at 73 UPPER PAYA LEBAR ROAD #06-01C, CENTRO BIANCO Singapore 534818 (“Company”);

 

AND

 

		2.	Mercurity Fintech Holding Inc. (Cayman Islands Registration No. MC-259316), a company incorporated
in the Cayman Islands and having its registered address at P.O. Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands (“Service
Provider”),

 

(each a “Party” and collectively,
the “Parties”).

 

 WHEREAS:

 

		A.	As part of the “Mercurity.Finance DeFi Protocols Project”, the Company and its Affiliates
are developing a blockchain infrastructure to build a lower cost and more accessible DeFi protocol matrix on the Ethereum (the “Project”).

 

		B.	Since 13/October/2020 (“Effective Date”), the Service Provider has been providing the
Company with the Services (as defined below) in connection with the Project.

 

		C.	The Parties wishes to document herein the terms of agreement between the Parties in relation to the Service
Provider’s provision of the Services to the Company from the Effective Date.

 

NOW IT IS
HEREBY AGREED AS FOLLOWS:

 

		1.	INTERPRETATION

 

		1.1	In this Agreement :

 

“Affiliate” with
respect to any Person, means any other Person directly or indirectly controlling, controlled by or under common control with such Person;

 

“Agreement Period”
means the period commencing from the date of this Agreement and ending on termination thereof in accordance with this Agreement;

 

“Confidential Information”
means any and all confidential and/or proprietary data or information of the Company and/or its Affiliates, any of their respective investors,
clients and partners, including, but not limited to, written software, programs, financial matters, budgets, business marketing plans,
personnel information, business contacts, scientific journals, processes, trade secrets and/or other works of authorship;

 

“Intellectual Property Rights”
means trademarks, service marks, design rights (whether registered or unregistered), applications for any of those rights, trade and business
names (including internet domain names and e-mail address names), unregistered trademarks and service marks, copyrights, database rights,
know-how, all patentable and non-patentable inventions, discoveries and improvements, processes and know-how, copyright works, proprietary
information rights and all other similar proprietary rights and applications for such rights as may exist anywhere in the world in relation
to the Project and/or business of the Company and/or its Affiliates including (a) any applications, extensions and renewals in relation
to any of these rights, new designs and the like discovered or created for the Company and/or its Affiliates by the Service Provider in
connection with the provision of the Services or (b) discovered or created as a result (whether directly or indirectly) of anything
done by the Service Provider, whether based (directly or indirectly) on any item of the Confidential Information or otherwise and in whatever
form on whatever media including computer programmes, computer service and computer data;

 

     

     

    

 

“Person” an individual
or legal entity or person;

 

“Project” has the
meaning ascribed to it in Recital A;

 

“Service Fee” has
the meaning ascribed to it in Clause 5.1; and

 

“Services” has the
meaning ascribed to it in Clause 3.1.

 

		1.2	In this Agreement :

 

		(a)	unless the context otherwise requires or permits, references to the singular will include the plural;

 

		(b)	references to a person shall be construed as references to any individual, corporation, company, firm,
partnership, incorporated body or persons in any country, including permitted heirs, successors and assigns;

 

		(c)	a reference to a specific “calendar month” shall be construed as such specific month of the
Gregorian calendar (for example, a reference to the first calendar month of a calendar year shall refer to the month of January);

 

		(d)	any marginal notes and headings are for convenience and reference purposes only and do not form part of
this Agreement and shall not be deemed to alter, limit or otherwise affect the meaning of any of the provisions hereof;

 

		(e)	references to “control” in relation to an entity, means the power to direct or cause the direction
of the management and policies of such entity, whether through the ownership of more than 50% of the outstanding voting interests of such
entity or otherwise;

 

		(f)	references to the “Recitals”, “Clauses” and “Schedules”
are to the relevant recitals, clauses and schedules to this Agreement; and

 

		(g)	references to any statutory provisions include any modifications or re-enactments of those provisions.

 

		2.	DURATION OF AGREEMENT

 

Subject to earlier termination as provided
in this Agreement, this Agreement shall subsist for the term of the Agreement Period.

 

		3.	SERVICES, UNDERTAKINGS & EXCLUSIVITY

 

		3.1	Service Provider shall, during the Agreement Period, provide software development services and such other
services incidental therewith at the request of the Company in furtherance of the development and operation of the Project (“Services”).

 

		3.2	The Service Provider shall in the course of performance of Services :

 

		(a)	comply with and adhere to all applicable laws and regulations; and

 

		(b)	comply with all lawful and reasonable directions of the Company.

 

		3.3	For the Agreement Period and for a period of twelve (12) months after termination of this Agreement :

 

		(a)	the Service Provider shall not, and shall procure that its employees shall not, provide the Services to
any person or corporate entity other than the Company or its Affiliates unless prior written consent of the Company is obtained; and

 

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		(b)	the Service Provider shall not, and shall procure that its employees shall not, without the prior written
consent of Company, directly or indirectly, either alone or jointly with, through or on behalf of any person, company or entity, undertake
any activity or assist any person, company or entity engaged in any business other than Company and/or its Affiliates, which is similar
or competing with the Project and/or the business carried on by Company and/or its Affiliates in any way.

 

		4.	SERVICE FEES

 

		4.1	Subject to Clause 5, the Company shall pay the Service Provider a monthly service fee for Services rendered
by the Service Provider to the Company during the Agreement Period (“Service Fee”).

 

		4.2	The Service Fee payable by the Company to the Service Provider for Services rendered by the Service Provider
in respect of a calendar month shall be determined as follows :

 

Service Fee = 100% x Relevant Calendar Month
Revenue

 

where :

 

		(a)	Relevant Calendar Month Revenue is 100% of the transaction fee income obtained by Company with gas fee and cryptocurrency conversion
cost deductions; The transaction fee income is 1⁄6 of the total transaction fee paid by trades.

 

where:

 

“Relevant Calendar Month Revenue”
in relation to:

 

		(a)	the first calendar month of the Agreement Period, means the revenue of the Company for the period commencing
from the Effective Date and ending on the final day of such calendar month (both dates inclusive);

 

		(b)	the final calendar month of the Agreement Period, means the revenue of the Company for the period commencing
from the first day of such calendar month and ending on the final day of the Agreement Period (both dates inclusive); and

 

		(c)	any other calendar month during the Agreement Period, means the revenue of the Company for the period
commencing from the first day of such calendar month and ending on the final day of such calendar month (both dates inclusive),

 

		4.3	The Service Provider shall render an invoice to the Company for the Service Fee for Services rendered
in each calendar month during the Agreement Period based on Clause 4.2, upon which:

 

		(a)	the Service Fee in respect of Services rendered in each calendar month during the Agreement Period shall
be payable by the Company to the Service Provider on or before the fifth (5th) day of the Company’s receipt of the invoice
from the Service Provider for such Service Fee; or

 

		(b)	in the event of termination of this Agreement, the Service Fee as accrued in respect of Services rendered
up to the date of termination (to the extent not been paid by the Company to the Service Provider pursuant to Clause 4.3(a)) shall be
payable by the Company to the Service Provider on or before the fifth (5th) day of the Company’s receipt of the invoice
from the Service Provider for such Service Fee subsequent to such termination,

 

where such payment shall be made by
the Company to the Service Provider by way of a bank transfer of such Service Fee to a bank account designated by the Service Provider
and notified to the Company, or such other payment method as may be agreed between the Parties.

 

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		4.4	The obligations of the Company and the Service Provider under Clauses 4.2 and 4.3 shall survive the termination
of this Agreement.

 

		5.	NO FURTHER FEES OR COMPENSATION, TAX AND WITHOLDING

 

		5.1	The Service Provider acknowledges that (a) the receipt of the Service Fees may have tax consequences
for the Service Provider; (b) the Service Provider is solely responsible for such tax consequences and for the Service Provider’s
compliance therewith; and (c) the Company bears no liability or responsibility with respect to such tax consequences. In the event
that any such tax consequences shall be borne or incurred by the Company on behalf of the Service Provider, the Service Provider shall
on demand by the Company indemnify the Company for such tax consequences.

 

		5.2	Without prejudice to Clause 5.1, in the event that the Company is required by any applicable laws or regulations
to exercise withholding on the payment of the Service Fees on account of any tax consequences for the Service Provider in relation thereof,
any payment by the Company of the Service Fees to the Service Provider under this Agreement shall be made by the Company less such withholding,
unless the Service Provider has provided the Company with any formal approval of an exemption issued by any competent authority.

 

		6.	INVENTIONS AND INTELLECTUAL PROPERTY

 

		6.1	The Service Provider shall not, and shall procure that its employees and agents shall not, file any application
for, or in any way attempt to obtain ownership of any patent, trade name or mark, which refers to, or may be suggestive of, or may be
similar to, or may be likely to dilute the Intellectual Property Rights of the Company and/or its Affiliates anywhere in the world.

 

		6.2	The Service Provider irrevocably and unconditionally recognises, acknowledges, covenants, agrees with
and undertakes to the Company that :

 

		(a)	the Intellectual Property Rights are the sole property of the Company and that the Intellectual Property
Rights which arise in the course of or in connection with the Project and/or the businesses of the Company and/or its Affiliates shall
belong to the Company and/or its Affiliates (as the case may be);

 

		(b)	notwithstanding any originality, effort, expense and skill originating from the Service Provider in connection
with the provision of Services, the Service Provider shall not have any right, title or interest in or to the Intellectual Property Rights
(by themselves or in combination with any other intellectual property or copyright work including computer programmes, computer service
and computer data) and any goodwill arising through any use thereof, and that all such right, title or interest shall be vested legally
and exclusively in the Company and/or its Affiliates (as the case may be);

 

		(c)	without prejudice to the foregoing of this Clause 6.2, in the event any Intellectual Property Rights shall
vest or shall come to vest in the Service Provider at any time as a result (whether directly or indirectly) of the operation of law or
of anything done by the Service Provider in connection with the provision of Services whether under the laws of Singapore or any other
country, the Service Provider shall be deemed to have immediately assigned all such Intellectual Property Rights absolutely to the Company
and this Agreement shall constitute the written assignment of the same; and

 

		(d)	the Service Provider shall forthwith upon demand at the expense of the Company execute all documents and
do all such acts and things required to vest or perfect any vesting of all Intellectual Property Rights legally and exclusively in the
Company and/or its Affiliates.

 

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		6.3	The Service Provider shall not, and shall procure that its employees and its agents shall not, at any
point of time during the provision of Services and thereafter, do any act either within Singapore or outside Singapore, which would constitute
an infringement of any of the Intellectual Property Rights which are owned or which may be owned by the Company and/or its Affiliates.

 

		6.4	The Service Provider shall at the request of the Company procure its employees and agents execute a deed
of undertaking in favour of the Company as to the matters set out in Clause 6.2 as if such employees and agents were named in such Clause
in place of the Service Provider.

 

		7.	TERMINATION

 

		7.1	Notwithstanding any provision of this Agreement, this Agreement may be terminated :

 

		(a)	by the Company by immediate notice in writing to the Service Provider upon occurrence of the following
:

 

		(i)	where the Service Provider is prohibited, in accordance with applicable laws, or otherwise, from providing
the Services;

 

		(ii)	where any of the executives of the Service Provider is convicted of any criminal offence in relation to
fraud, misrepresentation or dishonesty, given against him, whether or not, in connection with or referable to provision of the Services;

 

		(iii)	the Service Provider makes a serious or persistent default in performing and observing any of its obligations
under this Agreement and, where such default is capable of remedy, fails to remedy it within fourteen (14) days after service of written
notice from the Company of such default;

 

		(iv)	the Service Provider be unable to pay its debts or is liable to be wound up by a court of competent jurisdiction
which is not dismissed within thirty (30) calendar days;

 

		(v)	the Service Provider enters into a composition or arrangement with its creditors or a moratorium is declared
in respect of any of its indebtedness or any creditor action;

 

		(vi)	the Service Provider takes any action to appoint, to request the appointment of, or suffers the appointment
of, a receiver, administrative receiver, administrator, trustee, official assignee or similar officer over all or a material part of its
assets or undertakings;

 

		(vii)	the Service Provider has a winding-up or administration petition presented in relation to it or has documents
filed with a court for an administration in relation to it provided that, in the case of a winding up petition, if the Service Provider
is contesting the winding up petition, until a period of twenty (20) days has expired since the presentation of the winding up petition
without it having been either discharged or struck out;

 

		(viii)	is affected in any way in any jurisdiction other than Singapore by anything equivalent to any of the things
referred to in the foregoing of this Clause 7.1(a); or

 

		(b)	by the Service Provider by immediate notice in writing to the Company upon occurrence of the following
:

 

		(i)	the Company makes a serious or persistent default in performing and observing any of its obligations under
this Agreement and, where such default is capable of remedy, fails to remedy it within ten (10) days after service of written notice
from the Service Provider of such default;

 

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		(ii)	the Company be unable to pay its debts or is liable to be wound up by a court of competent jurisdiction;

 

		(iii)	the Company enters into a composition or arrangement with its creditors or a moratorium is declared in
respect of any of its indebtedness or any creditor action;

 

		(iv)	the Company takes any action to appoint, to request the appointment of, or suffers the appointment of,
a receiver, administrative receiver, administrator, trustee, official assignee or similar officer over all or a material part of its assets
or undertakings;

 

		(v)	the Company has a winding-up or administration petition presented in relation to it or has documents filed
with a court for an administration in relation to it provided that in the case of a winding up petition, if the Company is contesting
the winding up petition, until a period of twenty (20) days has expired since the presentation of the winding up petition without it having
been either discharged or struck out;

 

		(vi)	is affected in any way in any jurisdiction other than Singapore by anything equivalent to any of the things
referred to in the foregoing of this Clause 7.1(b); or

 

		(c)	by a Party giving no less than sixty (60) days’ notice in writing to the other Party.

 

		7.2	On the termination of this Agreement howsoever arising :

 

		(a)	the Service Provider shall and shall procure that its employees and agents forthwith deliver to the Company
all books, documents, papers, materials, storage and other property of or relating to the business of the Company and/or its Affiliates
including Confidential Information, which may be in possession or under power or control of Service Provider and/or its employees or agents;
and

 

		(b)	the Service Provider shall not, and shall procure that its employees and agents shall not, at any time
thereafter represent Service Provider to still to be connected with Company and/or its Affiliates.

 

		7.3	The obligations of Service Provider under Clause 7.2 shall survive the termination of this Agreement.

 

		8.	REPRESENTATIONS & WARRANTIES

 

Each Party represents and warrants to
the other Party that each of the following statements is true and accurate :

 

		(a)	it has the full power and authority to enter into this Agreement and to do all acts and things on its
part to be done and performed pursuant to this Agreement and to consummate the transactions contemplated herein, and this Agreement and
all other agreements and obligations to be entered into and undertaken in connection with such transactions contemplated, constitute valid
and legally binding obligations, enforceable against it;

 

		(b)	all internal resolutions required for the execution of this Agreement have been duly passed; and

 

		(c)	its entry into this Agreement and performance of its obligations under this Agreement will not violate
or conflict with, or exceed any limit imposed by (i) any law or regulation to which it is subject, (ii) its constitutional documents/memorandum
and articles of association or (iii) any other contract, instrument or undertaking binding upon it.

 

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		9.	CONFIDENTIALITY

 

		9.1	The Service Provider is aware that in the course of the provision of Services and/or undertaking by the
Service Provider, the Service Provider will have access to and be entrusted with Confidential Information.

 

		9.2	The Service Provider shall not, and shall procure that its employees and agents shall not during or after
the termination of this Agreement divulge to any person whomsoever or otherwise make use of, whether for his own benefit or for the benefit
of any other person, firm, company or association any Confidential Information. This duty of confidentiality shall survive the termination
of this Agreement. This duty of confidentiality to the Company shall be in addition to the general duties and obligations of confidentiality
of the Service Provider under law.

 

		10.	NOTICES

 

		10.1	Any notice required to be given by a Party to the other Parties shall be in writing, signed by or on behalf
of the Party giving it, and in the English language. It shall be deemed validly served if hand delivered, or sent by e-mail, prepaid post
or a recognised courier service to the address, email address of the Parties given herein or as may from time to time be notified for
this purpose.

 

		10.2	The email addresses of the Parties are :

 

Company

 

E-mail          :     contact@fin-block.com

 

Service Provider

 

E-mail          :     marketing@mercurity.com

 

		11.	MISCELLANEOUS

 

		11.1	Entire Agreement

 

This Agreement (together with any documents
referred to herein) embodies all the terms and conditions agreed upon between the Parties as to the subject matter of this Agreement and
supersedes and cancels in all respects all previous agreements and undertakings, if any, between the Parties with respect to the subject
matter hereof, whether such be written or oral.

 

		11.2	Successors and Assigns

 

This Agreement shall be binding on and
shall ensure for the benefit of each of the Parties’ successors and assigns. Any reference in this Agreement to any of the Parties
shall be construed accordingly.

 

		11.3	Further Assurance

 

Each Party shall, and shall use its
best endeavours to procure that any necessary third party shall, execute such documents and do such acts and things as the other Party
may reasonably require for the purpose of giving to such other Party the full benefit of all the provisions of this Agreement.

 

		11.4	Counterparts

 

This Agreement may be signed in any
number of counterparts and by the Parties on separate counterparts, each of which when so executed shall be an original, but all counterparts
shall together constitute one and the same document. Each counterpart may be signed by a Party or Parties and transmitted by electronic
mail or facsimile transmission which shall be valid and effectual as if executed as an original.

 

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		11.5	Contracts (Rights of Third Parties) Act, Chapter 53B of Singapore

 

Save for Affiliates of the Company who
shall have rights to the extent accorded thereto under this Agreement, any person who is not a party to this Agreement shall have no right
under the Contracts (Rights of Third Parties) Act, Chapter 53B of Singapore to enforce any provisions of this Agreement.

 

		11.6	Arbitration

 

In the event of any dispute arising
out of or in connection with this Agreement, including any question regarding its existence, validity or termination, the Parties shall
first seek settlement of that dispute. In the event that such dispute is not resolved within a period of 30 days from the commencement
of such settlement process, such dispute shall be referred to and finally be resolved by arbitration in Singapore in accordance with the
rules of the Singapore International Arbitration Centre (“SIAC”) for the time being in force, which rules are
deemed to be incorporated by reference in this clause. The tribunal shall consist of a sole arbitrator to be appointed by the Chairman
of the SIAC. The language of the arbitration shall be English.

 

		11.7	Governing Law

 

This Agreement shall be governed by,
and construed in accordance with, the laws of Singapore and each of the Parties irrevocably submits to the non-exclusive jurisdiction
of the courts of Singapore.

 

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IN WITNESS WHEREOF the Parties have entered
into this Agreement on the day and year first above written.

 

	COMPANY Finblock Foundation LTD.	 
	 	 
	SIGNED BY /s/ WANG ANMING 	 	 
	 	 
	WANG ANMING	 
	 	 
	Chief Executive Officer	 

 

	DATE: 	 	 

 

	SERVICE PROVIDER Mercurity Fintech Holding Inc.	 
	 	 
	SIGNED BY /s/ ZHOU HUA 	 	 
	 	 
	ZHOU HUA	 
	 	 
	Chief Executive Officer	 

 

	DATE:Exhibit 4.22

 

Technical Service
Agreement

 

Filing No:
20200729007

 

Purchaser(Party
A):Beijing Qichi Trading Co., Ltd

Address: Room 002, Building D, Lin 29, Jiaocun village, Miaocheng
Town, Huairou District, Beijing

Legal representative: Lv Suliang

Project contact: Li Jing

Contact information: [***]

Address: [***]

 

Provider (Party B): Beijing Lianji Technology
Co., Ltd

Address: Room 003, 15 / F, block B, Building
1, No.38, Zhongguancun Street, Haidian District, Beijing

Legal representative: Wu Longming

Project contact: Zhou Hua

Contact: [***]

Mailing address: [***]

 

Considering Party B's good qualification
and strong professional and technical advantages and expertise, Party A purchases the "Blockchain-Based Asset Digital Platform (version
v.1.0)" developed by Party B, as well as the customized technical services (hereinafter referred to as "Party B's services")
provided by Party B. After friendly discussion, on the base of truly and fully expressing their requests and the expectations, under the
Agreement law of the people's Republic of China, both parties have reached the following agreement, which shall be abided by both parties.

 

Part one, Definitions

 

The words used in this Agreement
have the following meanings:

 

1. "Software" includes
 "software system". Unless otherwise specified, it refers to the " Blockchain-Based Asset Digital Platform (version v.1.0)"
described in this Agreement, including Party B's services and related documents.

 

2. "Deliverable" refers
to the software and technical documents can be delivered by Party B, including installation disk, technical documents, user guide, installation
guide and test report, etc.

 

3. "Delivery" refers
to Party B's behavior of delivering the Blockchain-Based Asset Digital Platform (version v.1.0) and Party B's services within the time
scheduled by both parties.

 

4. "Source code" refers
to the source code of " Blockchain-Based Asset Digital Platform (version v.1.0)" specially developed by Party B for Party A.

 

     

     

    

 

5. "Trade Confidentiality"
refers to any information owned by Party A and Party B and not known to any third party, including but not limited to management information,
methods, customer list, business data, product information, sales channels, technical know-how, source code and computer documents; The
information shall be deemed as trade confidentiality if not disclosed by Party A and Party B clearly.

 

6. "Project": it refers
to the related independent subsystem or module that is completed by Party B in the process of selling " Blockchain-Based Asset Digital
Platform (version v.1.0)" and Party B's service as specified in the Agreement.

 

7. "Specification" refers
to the technical standards and specifications set out in the technology field or in Party B's services description.

 

8. "Working day" refers
to all working days other than holidays stipulated by the state, and dates not specified as working days in calendar.

 

Part Two, Description
of customized technical service of " Blockchain-Based Asset Digital Platform (version v.1.0)"

 

1. For the business operation
purpose, it is kind of service rooted from the action that Party A purchases the blockchain-based asset digital platform (version v.1.0)
from Party B. Party A shall provide a specific description of its customized requests; Once there were no specific description by Party
A, Party B shall provide standard design and development with full understanding of the technical request.

 

2. Software system

 

2.1 The software system
purchased by Party B is (system name): "          Blockchain-Based Asset
Digital Platform (version v.1.0)"

 

2.2 The material technical functions of Party B:

 

1) Support Party A to complete and implement the blockchain-based
technology for asset digitization business on the platform;

 

2) Software functions including: asset custody; digital
asset issuance; digital asset transfer; digital asset redemption; digital asset management; configuration management of smart Agreement
based on eth (Ethereum blockchain) public chain;

 

3) The types of assets including: traditional art including
but not limited to painting, calligraphy, sculpture and various types of emerging art assets;

 

3. The target of " blockchain-based asset digital
platform (version v.1.0)" and Party B's service

 

The overall function of the software shall meet the
function requirements of the front-end website, the digital operation and management subsystem, the back-end operation and smart contract
management subsystem, etc. which are communicated and known by both of Party A and Party B, and shall meet the technical parameters
of correctness, efficiency, safety, reliability and practicability.

 

     

     

    

 

Part three Services of Party B

 

1. Delivery of software and Party B's services

 

From the date of signing this Agreement, Party
B shall perform the obligations specified in this Agreement, complete and deliver the qualified software and services on time according
to the schedule.

 

2. Information and materials

 

Party A and Party B shall fully cooperate and
communicate with each other. Party B has the right to learn about the current status of Party A’s project and has rights ofvaccessing
to related materials under the terms of this Agreement, and to learn and comprehend the existing relevant data and materials of Party
A with related personnel, so as to conduct a comprehensive research and design of the software. Party A shall actively cooperate and communicate
with Party B and provide Party B with clear and full information and materials, especially the information and materials related to the
functions and qualifications of Party A for the software and Party B's services. If Party A fails to provide the information and materials
held by Party A required by Party B, Party A shall bear the consequences of failure to provide such information and materials. Party B
agrees that Party A is only obliged to provide the above information to Party B's project contact person, and Party B's project contact
person shall immediately provide Party A with a written document after receiving the above information, and both parties agree that the
information is applicable to the terms of "trade confidential protection" in this Agreement.

 

3. Service plan of Party B

 

3.1 Party A and Party B will jointly conduct the features analysis
according to the description of the software and services required in the Agreement and also the data and information provided by Party
A. Once Party A might consult or ask opinions from Party B on the software functions, objectives, requirements and related technical issues,
Party B shall explain and reply in a timely manner.

 

3.2 Party B shall communicate with Party A and obtain Party A's confirmation
according to the software function, objective and requirement analysis agreed in this Agreement.

 

4. Progress Report

 

Party B shall regularly provide Party A with project
progress reports in e-mail, written notice or other forms, including project progress or project implementation, software delivery and
Party B's service, difficulties and obstacles encountered, impacts of the project, personnel, whether there is project change, or other
information related to the project which Party A should know or Party A requires to know. In case of any material problem or change occurred,
Party B shall make a written report to Party A within 5 working days from the date of change. Party B shall also reply to the inquiry
related to the project raised by Party A within 5 working days time to time. If Party B violates the provisions of this Agreement, Party
B shall bear the adverse consequences of project delay and Party A's failure to make timely payment or its cooperation in respect of the
project. Party A shall reply to Party B within 5 working days since the date of receiving the written report from Party B; If Party A
delays in reply, refuses to reply or has other problems in reply, which affects the work progress of Party B, all consequences arising
therefrom shall be borne by Party A.

 

     

     

    

 

5. Sub-contract

 

Without the written consent from Party A, Party B shall
not transfer, subcontract or subcontract part or all of its rights and obligations under this Agreement to other third companies or individuals.
Otherwise, Party A has the right to terminate the Agreement and claim for the legal responsibility of Party B.

 

Part Four Delivery and Acceptance

 

1. Subsystem delivery

 

1.1 Party B shall make the product delivery according
to the time schedule agreed by both parties. Party B shall make corresponding test of the delivered parts under the provisions and function
features of this Agreement.

 

1.2 Once the delivery could not be carried out
according to the specified time due to the reasons of Party A, Party B will postpone the delivery accordingly; If Party A refuses to accept
delivery, it shall be deemed that Party B has delivered it. If Party A requests delay in delivery or refuses to take-in the delivery,
Party A shall make the payment according to the Agreement, except otherwise agreed by both parties.

 

2. Delivery

 

2.1 Party B shall deliver the software and all
relevant documents in accordance with the contents and time agreed in the Agreement. Once the situation of the incomplete and inaccurate
delivery of Party B occurred, it is deemed that Party failed to make a qualified delivery.

 

2.2 Under the guidance of Party B, the delivered
project has any fault or problem due to improper operation and test of Party A, Party B shall help to clear or tackle the project failure
or problem upon request of Party A, and the cost incurred shall be borne by Party A with discussion and determination by both parties.
If the compensation could not be reached, both parties shall be taken the cost of similar projects into consideration for a parameter.

 

3. Acceptance

 

Party A shall immediately test and verify the
delivered parts after receiving to confirm whether the functions, specifications and requirements of the agreed software and services
are met. Once qualified, a written notice will be issued to Party B to approve the acceptance of the delivery; If there is any defect,
the defect description will be provided and related upgrade will be conducted. Party B shall immediately fix the defect, and then test
and re-evaluate the product, and submit the updated delivery accordingly. Party A shall issue a written acceptance documents or defect
report to Party B after receiving the delivery. Both parties shall repeat this procedure until Party A confirms acceptance.

 

"Defects" mentioned in this Agreement
refer to that the delivery parts do not meet the standards stated in the Agreement, or are not reach the requirement agreed by Party A
and Party B.

 

4. System Acceptance

 

4.1 After the implementation of the software,
Party A shall timely carry out the system acceptance of the software according to the function features. Party B shall send an acceptance
request to Party A in the written form. After receiving the acceptance request, Party A shall complete the test and acceptance of the
software system according to the standards agreed by both parties and signoff in the written form.

 

     

     

    

 

4.2 Once the software failed to pass the system
acceptance due to defects, Party B shall tackle the fault within 5 working days and undertake the relevant expenses.

 

4.3 Once the software failed to pass the system
acceptance due to Party A's reason, Party A shall tackle the fault within a reasonable time before acceptance. If the system fails to
complete the acceptance within 15 days after receiving the acceptance request from Party B due to Party A's reason, Party B has the right
to conduct unilateral acceptance in a reasonable way and submit the acceptance report to Party A, which is deemed as the pass of the acceptance.
When Party B conducts unilateral acceptance, Party A shall provide convenience for the acceptance; Once Party B failed to carry out a
unilateral acceptance due to Party A's reason, Party B shall be exempted from unilateral acceptance, and Party A shall be deemed to have
passed the acceptance.

 

Part Five Intellectual property

 

The intellectual property of software products
and customized development parts (including the docking part with the third-party system) shall be owned by Party A. Without a written
permission of the other party, Party B shall not publish the source code, and cannot copy, forward, sell or disclose, transfer or license
the technical achievements, software, know-how, confidential information, technical materials and documents involved in Party B's services
to a third party in any way. Once Party B violated the provisions of this Agreement, should immediately stop such actions, and shall also
pay a penalty equivalent to 30% of the total Agreement price to Party A; If the actual loss exceeds the penalty, Party B shall make up
the excess accordingly. The intellectual properties not involved in Party B's services still belong to Party B.

 

Part Six, Term and Payment

 

1. Cooperation period: from July 29, 2020
to July 28, 2021.

 

2. The total fee to be paid by Party A is RMB
1.35 million (in words: one million three hundred and fifty thousand Yuan) in three times.

 

First payment: Party A shall pay Party B RMB 400,000
Yuan (in words: four hundred thousand yuan) within 5 working days after August 30, 2020.

 

Second Payment: Online launch, Party A shall pay
Party B RMB 600,000 Yuan (in words: RMB 600000) within 5 working days after March 30, 2021.

 

Final payment: Party A shall pay Party B RMB 350000
Yuan (in words: three hundred and fifty thousand yuan only) within 5 working days after June 30, 2020.

 

3. Bank account information:

 

Account Name: Beijing Lianji
Technology Co., Ltd

Bank of deposit: Chaoyang
Park Branch of Beijing Branch of China Merchants Bank

Account number: [***]

 

Part Seven Liability
for breach of Agreement and Exemption

 

1. At any time before the termination
date of this agreement, if the performance of this agreement is affected by force majeure which is unforeseeable, unavoidable and insurmountable,
Party A and Party B shall not be liable for breach of Agreement.

 

     

     

    

 

2. If any conditions based for
the establishment and performance of this Agreement were changed due to external reasons (including but not limited to political, economic,
financial, legal and other reasons) which cannot be attributed to Party A and Party B, and the changes bring direct impact to the performance
of this Agreement, either Party A or Party B shall terminate this agreement in advance on the ground of force majeure. The valid evidence
of this force majeure should be submitted to the other party timely, and also notification of the changes should send to the other Party
within five workdays after noticing the changes. Party A and Party B shall not be liable for breach of Agreement.

 

3. If Party A fails to make payment
according to the Agreement without any proper reason, and Party A fails to make payment within 7 working days after Party B's written
notice, Party A shall pay Party B with a penalty of 1/1000 of the total Agreement fee per day. Party B shall not be responsible for the
delay of consequence caused by the delay of payment.

 

Part Eight Confidentiality

 

1. Party A and Party B agree that
they shall not disclose the relevant information under this agreement to any organization or individual, including but not limited to
the other party's business information, customer information, product information and technical information obtained from the performance
of this agreement, except for those required by laws and regulations or relevant national authorities and regulatory agencies.

 

2. Party A and Party B shall ensure
that their relevant employees perform the confidentiality obligations under this agreement.

 

3. All confidentiality obligations
under this Agreement shall not be invalid, rescinded or terminated due to any possible invalidity, rescission or termination of this agreement.
If this agreement is declared invalid, rescinded or terminated, both parties shall continue to perform relevant confidentiality obligations.

 

Part Nine
Dispute resolution

 

Any dispute
arising from the performance of this agreement between Party A and Party B shall be settled through friendly negotiation. If the negotiation
fails, either party has the right to bring a lawsuit to the people's Court of the place where Party B is located.

 

Part Ten
Termination of agreement

 

1. Both
parties have the right to terminate this Agreement three months in advance.

 

2. After
the termination of this agreement, Party B shall assist Party A with the subsequent handover work.

 

Part Eleven
 Miscellaneous

 

1. This
Agreement shall be signed by the representatives or authorized persons of Party A and Party B.

 

     

     

    

 

2. This
agreement is made in duplicate, one copy for Party A and Party B respectively, and each copy has the same legal effect.

 

3. After
this Agreement comes into effect, neither party shall change any terms of this Agreement without authorization by the other Party. If
this agreement needs to be changed, both parties shall reach a written amendment through consultation. The additional terms of this Agreement
have the same legal effect as this agreement.

 

(Signature
page follows)

 

     

     

    

 

Party A: Beijing Qichi Trading
Co., Ltd.

 

	/s/: Li Jing	 
	Legal representative / authorized representative: Li Jing	 
	Tel: [***]	 
	Date: July 29, 2020	 

 

Party B: Beijing Lianji Technology
Co., Ltd

 

	/s/ Zhou Hua	 
	legal representative / authorized representative: Zhou Hua	 
	Tel: [***]	 
	Date: July 29, 2020

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00326-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00326-of-00352.parquet"}]]