Document:

Exhibit 4.2

 

DESCRIPTION OF SECURITIES

  

The following is a
description of the material provisions of our capital stock, as well as other material terms of our Articles of Incorporation,
as amended, and Amended and Restated Bylaws, or the Restated Bylaws. We refer you to our Articles of Incorporation,
as amended, and Restated Bylaws, copies of which have been filed as exhibits to this report.

 

We are authorized to
issue up to 500,000,000 shares of common stock, par value $0.0001 per share.. Each outstanding share of common stock entitles the
holder thereof to one vote per share on all matters. Our bylaws provide that elections for directors shall be by a plurality of
votes. Stockholders do not have pre-emptive rights to purchase shares in any future issuance of our common stock. Upon our liquidation,
dissolution or winding up, and after payment of creditors and preferred stockholders, if any, our assets will be divided pro-rata
on a share-for-share basis among the holders of the shares of common stock.

 

The holders of shares
of our common stock are entitled to dividends out of funds legally available when and as declared by our board of directors. Our
board of directors has never declared a dividend and does not anticipate declaring a dividend in the foreseeable future. Should
we decide in the future to pay dividends, as a holding company, our ability to do so and meet other obligations depends upon the
receipt of dividends or other payments from our subsidiaries and other holdings and investments. In addition, our operating subsidiary,
from time to time, may be subject to restrictions on its ability to make distributions to us, including as a result of statutory
reserve requirements in the PRC, restrictive covenants in loan agreements, restrictions on the conversion of local currency into
U.S. dollars or other hard currency and other regulatory restrictions. In the event of our liquidation, dissolution or winding
up, holders of our common stock are entitled to receive, ratably, the net assets available to stockholders after payment of all
creditors and preferred shareholders.

 

All of the issued and
outstanding shares of our common stock are duly authorized, validly issued, fully paid and non-assessable. To the extent that additional
shares of our common stock are issued, the relative interests of existing stockholders will be diluted.

 

Preferred Stock

 

We are authorized to
issue up to 10,000,000 shares of preferred stock, par value $0.0001 per share, in one or more classes or series within a class
as may be determined by our board of directors, who may establish, from time to time, the number of shares to be included in each
class or series, may fix the designation, powers, preferences and rights of the shares of each such class or series and any qualifications,
limitations or restrictions thereof. Any preferred stock so issued by the board of directors will rank senior to the common stock
with respect to the payment of dividends or amounts upon liquidation, dissolution or winding up of us, or both. Moreover, under
certain circumstances, the issuance of preferred stock or the existence of the unissued preferred stock might tend to discourage
or render it more difficult to enter into a merger or other change of control transaction. As of the date of this Annual Report,
the Board has designated 1,000 Series A Convertible Preferred Stock, 3,000,000 Series B Preferred Stock and 1,000,000 Series C
Preferred Stock. As of the date of this Annual Report, there are outstanding 1,000 shares of Series A Convertible Preferred Stock
and no shares of Series B or Series C Preferred Stock.

   

Series A Convertible Preferred Stock

 

A summary of the Certificate
of Designation for the Series A Convertible Preferred Stock is set forth below:

  

Voting. Except
as provided otherwise under law, holders of the Series A Convertible Preferred Stock are entitled to vote only on matters pertaining
to the Series A Convertible Preferred Stock and will have no voting rights on matters presented to holders of our Common Stock.

 

 

 

 

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Conversion. Shares
of Series A Convertible Preferred Stock is convertible, at any time at the option of the holder, at a ratio of one (1) Common Share
for every twelve thousand (12,000) shares of Series A Convertible Preferred Stock. Notwithstanding the foregoing, conversion shall
be restricted to prohibit a holder of the Series A Preferred Stock from holding Common Stock in excess of 4.95% of the issued and
outstanding shares of our Common Stock.

 

Dividends. Holders
of the Series A Convertible Preferred Stock shall not be entitled to receive dividends.

 

Liquidation. Holders
of the Series A Convertible Preferred Stock then outstanding shall not be entitled to any liquidation preference.

  

Series B Preferred Stock

 

A summary of the Certificate
of Designation for the Series B Preferred Stock is set forth below:

 

Voting. Except
as required under law, holders of the Series B Preferred Stock are not entitled to vote.

 

Conversion. Each
share of Series B Preferred Stock is convertible, at any time at the option of the holder, into one thousand (1,000) shares of
Common Stock. Notwithstanding the foregoing, conversion shall be allowed only if the converting holder of the Series B Preferred
Stock does not end up with Common Stock in excess of 4.95% of the issued and outstanding shares of our Common Stock.

 

Dividends. Holders
of the Series B Preferred Stock shall not be entitled to receive dividends.

 

Liquidation. Holders
of the Series B Preferred Stock then outstanding shall not be entitled to any liquidation preference.

  

Series C Preferred Stock

 

A summary of the Certificate
of Designation for the Series C Preferred Stock is set forth below:

  

Voting. Except
as provided otherwise under law, holders of the Series C Preferred Stock are entitled to vote on matters presented to holders of
our Common Stock as if they held one hundred thousand (100,000) shares of Common Stock for each one (1) share of Series C Preferred
Stock.

 

Conversion. Shares
of Series C Preferred Stock are convertible, at any time at the option of the holder, at a ratio of one (1) Common Share for every
one (1) share of Series C Preferred Stock.

 

Dividends. Holders
of the Series C Preferred Stock shall not be entitled to receive dividends.

 

Liquidation. Holders
of the Series C Preferred Stock then outstanding shall not be entitled to any liquidation preference.

 

 

 

 

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Anti-takeover Effects of Our Articles
of Incorporation, as Amended, and Restated Bylaws

 

Our Amended Articles
and Restated Bylaws contain certain provisions that may have anti-takeover effects, making it more difficult for or preventing
a third party from acquiring control of the Company or changing our board of directors and management. According to our Restated
Bylaws and Amended Articles, neither the holders of our common stock nor the holders of our preferred stock have cumulative voting
rights in the election of our directors.

 

	 	·	No Cumulative Voting. The Nevada Revised Statutes provide that stockholders are not entitled to the right to cumulative votes in the election of directors unless a corporation’s articles of incorporation provides otherwise. Our Amended Articles and Restated Bylaws do not provide for cumulative voting. The combination of the present ownership by a few stockholders of a significant portion of our issued and outstanding common stock and lack of cumulative voting makes it more difficult for other stockholders to replace our board of directors or for a third party to obtain control of the Company by replacing its board of directors. 
	 	·	Issuance of “Blank Check” Preferred Stock. Our board of directors has the authority, without further action by the stockholders, to issue up to additional 9,999,000 shares of “blank check” preferred stock with rights and preferences, including voting rights, designated from time to time by our board of directors. The existence of authorized but unissued shares of preferred stock enables our board of directors to render it more difficult or to discourage an attempt to obtain control of us by means of a merger, tender offer, proxy contest, or otherwise; 
	 	·	Advance Notice Provisions. Our stockholders may not call special meetings of our stockholders unless they hold in excess of 50% of the shares entitled to vote at a meeting of stockholders. Stockholders requesting a special meeting to act on any matter that may properly be considered at a meeting of stockholders must submit a written request to the secretary of the Corporation. Such meeting request must contain all information required pursuant to the Restated Bylaws, be sent to the secretary by registered mail, return receipt requested, and be received by the secretary within 60 days after the record date. The Restated Bylaws include special provisions relating to the mechanics of calling and canceling special meetings of the stockholders; In any annual meeting of our stockholders, stockholders may not act on any matter not properly brought before the meeting. A matter is considered to have been properly brought before a meeting if the stockholder has given timely notice thereof in writing to the secretary of the Corporation and such business is a proper matter for action by the stockholders. To be timely, a stockholder’s notice shall set forth all information required pursuant to the Restated Bylaws and shall be delivered to the secretary at the principal executive office of the Corporation not earlier than the 150th day nor later than 5:00 p.m., Eastern Time, on the 120th day prior to the first anniversary of the date of the proxy statement for the preceding year’s annual meeting; provided, however, that in the event that the date of the annual meeting is advanced or delayed by more than 30 days from the first anniversary of the date of the preceding year’s annual meeting, notice by the stockholder to be timely, such notice must be so delivered not earlier than the 150th day prior to the date of such annual meeting and not later than 5:00 p.m., Eastern Time, on the later of the 120th day prior to the date of such annual meeting, as originally convened, or the tenth day following the day on which public announcement of the date of such meeting is first made. The public announcement of a postponement or adjournment of an annual meeting shall not commence a new time period for the giving of a stockholder’s notice as described above. 
	 	·	Special Nomination Procedures. Our stockholders may not nominate persons to our Board unless they comply with certain nomination procedures. A stockholder must deliver notice of its intent to nominate persons to be elected to the Board to the secretary of the Company not earlier than the 150th day nor later than 5:00 p.m., Eastern Time, on the 120th day prior to the first anniversary of the date of the proxy statement for the preceding year’s annual meeting; provided, however, that in the event that the date of the annual meeting is advanced or delayed by more than 30 days from the first anniversary of the date of the preceding year’s annual meeting, notice by the stockholder to be timely, such notice must be so delivered not earlier than the 150th day prior to the date of such annual meeting and not later than 5:00 p.m., Eastern Time, on the later of the 120th day prior to the date of such annual meeting, as originally convened, or the tenth day following the day on which public announcement of the date of such meeting is first made. The public announcement of a postponement or adjournment of an annual meeting shall not commence a new time period for the giving of a stockholder’s notice as described above. Such stockholder’s notice must include all information required pursuant to the Restated Bylaws, which shall include information regarding (i) the stockholder, (ii) any person acting in concert with such stockholder, (iii) any beneficial owner of shares of stock of the Corporation owned of record or beneficially by such stockholder (other than a stockholder that is a depositary) and (iv) any person that directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, such stockholder or any of the persons described in sections (ii) and (iii) above.   Such notice shall contain, among other things, a written undertaking certifying that such proposed nominee is not, and will not become a party to, any agreement, arrangement or understanding with any person or entity other than the Company in connection with service or action as a director that has not been disclosed to the Company. 

 

 

  

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	 	·	Bylaws Amendments Without Stockholder Approval. Our Amended and Restated Bylaws provide that a majority of the authorized number of directors will generally have the power to adopt, amend or repeal our bylaws without stockholder approval; 
	 	·	Broad Indemnity. We are permitted to indemnify directors and officers against losses that they may incur in investigations and legal proceedings resulting from their services to us, which may include services in connection with takeover defense measures. This provision may make it more difficult to remove directors and officers and delay a change in control of our management. 

 

Anti-takeover Effects of Nevada Law

 

Business Combinations

 

The “business
combination” provisions of Sections 78.411 to 78.444, inclusive, of the Nevada Revised Statutes, or NRS, generally prohibit
a Nevada corporation with at least 200 stockholders from engaging in various “combination” transactions with any interested
stockholder for a period of three years after the date of the transaction in which the person became an interested stockholder,
unless the transaction is approved by the board of directors prior to the date the interested stockholder obtained such status;
and extends beyond the expiration of the three-year period, unless:

 

	 	·	the transaction was approved by the board of directors prior to the person becoming an interested stockholder or is later approved by a majority of the voting power held by disinterested stockholders, or 
	 	·	if the consideration to be paid by the interested stockholder is at least equal to the highest of: (a) the highest price per share paid by the interested stockholder within the three years immediately preceding the date of the announcement of the combination or in the transaction in which it became an interested stockholder, whichever is higher, (b) the market value per share of common stock on the date of announcement of the combination and the date the interested stockholder acquired the shares, whichever is higher, or (c) for holders of preferred stock, the highest liquidation value of the preferred stock, if it is higher. 

 

A “combination”
is generally defined to include mergers or consolidations or any sale, lease exchange, mortgage, pledge, transfer or other disposition,
in one transaction or a series of transactions, with an "interested stockholder" having: (a) an aggregate market value
equal to 5% or more of the aggregate market value of the assets of the corporation, (b) an aggregate market value equal to 5% or
more of the aggregate market value of all outstanding shares of the corporation, (c) 10% or more of the earning power or net income
of the corporation, and (d) certain other transactions with an interested stockholder or an affiliate or associate of an interested
stockholder.

 

In general, an “interested
stockholder” is a person who, together with affiliates and associates, owns (or within three years, did own) 10% or more
of a corporation's voting stock. The statute could prohibit or delay mergers or other takeover or change in control attempts and,
accordingly, may discourage attempts to acquire our company even though such a transaction may offer our stockholders the opportunity
to sell their stock at a price above the prevailing market price.

 

Because we have less
than 200 shareholders of record, these “business combination” provisions do not currently apply to us. We have also
elected in our Amended Articles not to be governed by the “business combination” provisions.

 

 

 

 

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Control Share Acquisitions

 

The “control
share” provisions of Sections 78.378 to 78.3793, inclusive, of the NRS apply to “issuing corporations,” which
are Nevada corporations with at least 200 stockholders, including at least 100 stockholders of record who are Nevada residents,
and which conduct business directly or indirectly in Nevada. The control share statute prohibits an acquirer, under certain circumstances,
from voting its shares of a target corporation's stock after crossing certain ownership threshold percentages, unless the acquirer
obtains approval of the target corporation's disinterested stockholders. The statute specifies three thresholds: one-fifth or more
but less than one-third, one-third but less than a majority, and a majority or more, of the outstanding voting power. Generally,
once an acquirer crosses one of the above thresholds, those shares in an offer or acquisition and acquired within 90 days thereof
become “control shares” and such control shares are deprived of the right to vote until disinterested stockholders
restore the right.

  

These provisions also
provide that if control shares are accorded full voting rights and the acquiring person has acquired a majority or more of all
voting power, all other stockholders who do not vote in favor of authorizing voting rights to the control shares are entitled to
demand payment for the fair value of their shares in accordance with statutory procedures established for dissenters’ rights.

 

The effect of the Nevada
control share statutes is that the acquiring person, and those acting in association with the acquiring person, will obtain only
such voting rights in the control shares as are conferred by a resolution of the disinterested stockholders at an annual or special
meeting. The Nevada control share law, if applicable, could have the effect of discouraging takeovers of our Company.

 

A corporation may elect
to not be governed by, or “opt out” of, the control share provisions by making an election in its articles of incorporation
or bylaws, provided that the opt-out election must be in place on the 10th day following the date an acquiring person has acquired
a controlling interest, that is, crossing any of the three thresholds described above. We have elected in our Amended Articles
not to be governed by the “control share” provisions..

 

Options

 

As of the date of this
Annual Report, we had no outstanding options to purchase shares of our common stock.

 

Transfer Agent and Registrar

 

Our stock transfer
agent is Transhare Securities Transfer and Registrar, located at 2849 Executive Drive, Suite 200, Clearwater, Florida 33762, telephone
number (303) 662-1112.

 

 

 

 

 

 

 

 

 

    	 	5Exhibit 10.7

 

 

 

 

 

 

 

 

Institution

 

 

 

 

 

 

House Lease Contract

 

 

 

 

 

 

 

Fengtai Office Area

 

 

 

 

    	 	 	 

     

    

  

 

House Lease Contract

 

The Lessee (Party A): Beijing Luji Technology
Co., Ltd.

Mailing address: (certificate address)
Room 605, 6th Floor, 301, 3-17 F, Building 5, Block 1, Hangfeng Road, Fengtai District, Beijing , The PRC

Mailing address: (current address of Party
A or legal person)

Unified social credit code or ID card No.:
(unified credit code)

Tel.:                                                                     E-mail:

 

The Lessee (Party B): Beijing Hontao Management
Consulting Co., Ltd..

Mailing address: Room 3006, Building 16,
30 Shixing Street, Shijingshan District, Beijing PRC

Unified social credit code or ID card No.:
91110106MA01AQAM7Y

Tel.:                                                                     Fax:

 

Pursuant to Contract
Law of the People’s Republic of China, Measures on the Management of Commodity House Lease and Measures of
House Lease Management of Beijing, the following contract regarding the lease of Room 605, 6/F, Building 5, No.
1 yard, Hangfeng Road, Fengtai District, Beijing (hereinafter referred to as “this Contract”) is made and entered into
by and between Party A and Party B after reaching consensus via negotiation.

 

Article 1 Property Leased

1.1 Party B has the rights and agrees
to rent out the premise located at Room 605, 6/F, Building 5, No. 1 yard, Hangfeng Road, Fengtai District, Beijing
(hereinafter referred to as “this Premise”) to Party A for office only. Party A shall use this Premise as per
relevant national and municipal regulations on house use and property management. The building area of this Premise is 606
m2.

1.2 Prior to opening its business, Party
A shall apply to the relevant government organs for relevant licenses, approval certificates or permits; Party A shall, within
three days upon acquiring the certificates, provide the copy of these certificates for Party B for filing.

1.3 Where Party A applies to relevant government
organs for changing the enterprise name, legal representative, enterprise nature or investor in term of lease, Party A shall deal
with these matters without affecting the validity of this Contract and report to Party B for filing within three days after the
announcement of the information change. If necessary, both parties shall sign a new House Lease Contract.

 

Article 2 Term of Lease, Rent-free Period
and Commencement Date

2.1 Term of lease: 2 years, since
March 20, 2020 to March 29, 2022;

2.2 Rent-free period:0 days, from
to

(The management fees are still charged
within the rent-free period).

2.3 Commencement date: March 30, 2020.

 

Article 3 Rent and Mode of Payment

3.1 Rent: RMB 4.8 /m2/day
(including taxes/furniture/property). The total monthly rent is RMB 88476.

3.2 The rent shall be increased by 5
% on the basis of the rent in the previous year from March 30, 2021 to the expiration of this Contract, which means
the rent in the second year is / /m2/day and the rent in the third year is 5.04 /m2/day.

3.3 Party A shall, within two days upon
the conclusion of this Agreement, pay 6-month rent and management fees, all of which amount to RMB 530856. Party
A shall, prior to the 25th day of the last month when the payment of each period expires, pay 6-month rent and
management fees. The rent of less than one calendar month shall be calculated based on the actual rent days of the month.

3.4 Party A can pay Party B the rent via
transfer cheque, bank remittance or other ways designated by Party B. Should Party A effect payment via bank transfer, the date
of payment is the day when the payment reaches the bank account designated by Party B. Party B shall issue relevant invoices to
Party A upon receiving Party A’s payment.

Party A’s recipient bank and account
No.:

Opening bank: China Merchants Bank Beijing
Fengtai Science Park Branch

Payee: Beijing Bojin Commercial Operation
Management Co., Ltd.

Account No.: 110938736310801

 

 

 

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Article 4 Property Management Fees and
Other Expenses

4.1 The property owner entrusts Beijing
Tuomei Property Management Co., Ltd. (hereinafter referred to as “the property company”) to provide property management
services for Shidai Caifu Tiandi.

4.2 Party A agrees Party B to withhold
and deduct the management fees and water and electricity fees that shall be borne by Party A within the term of lease. The overtime
air conditioning fees and other expenses generated by Party A’s special demand shall be paid by Party A to the property company
directly as per the provisions on the property management services.

4.3 The property company can, for the purpose
of maintaining the property management quality, adjust the said management fees and other expenses, without going against the relevant
government regulations, within the term of lease. In such case, Party B shall send a written notice to Party A one month in advance.

4.4 All the commission service fees/intermediary
fees charged by the real estate brokerage agency for assisting in the conclusion of this Contract by and between Party A and Party
B shall be borne by Party B for Party A in advance. Party B will charge no the said commission service fees/intermediary fees from
Party A if both parties finish performing this Contract in good faith until this Contract expires.

 

Article 5 Margin

5.1 To ensure Party A will perform the
following obligations specified in this Contract in good faith, Party A shall, within two days upon the conclusion of this Contract,
pay Party B the following fees: (1) Rent margin which is equivalent to 2-month rent (i.e., RMB 176952); 2. Margin
of water and electricity fees RMB 18180 (calculated based on the standard of RMB 30/m2 (leased area)); the margins
above amount to RMB195132. Where this Contract is rescinded, Party B shall, within thirty working days after Party A sends
back this Premise to Party B, both parties finish their respective rights and obligations for this Premise, and Party A pays off
all the expenses, return the margins above to Party A with no interests.

5.2 The said margin serves as performance
bond and cannot be used as the exceptions of Party A’s nonperformance or for offsetting Party A’s rent, management
fees and other relevant expenses.

 

Article 6 Delivery and Acceptance

6.1 Party B shall deliver this Premise
to Party A after Party A pays off the rent of the first period, management fees and margins.

6.2 Both Party A and Party B shall hand
over and accept this Premise jointly on the date of delivery and go through delivery formalities, unless the main structure of
this Premise is nonconforming or there are major quality defects which seriously influence Party A’s decoration or use exist.
If this Premise contains no defects which affect Party A’s normal decoration and use, both parties shall go through the delivery
formalities and Party A signs the statement of defects. Party B is responsible for repairing at its own expenses.

 

Article 7 Decoration of this Premise

7.1 Party B is responsible for decorating
this Premise for the first time at its own expenses, including firefighting reporting and acceptance expenses, air conditioner
refitting fees, and decoration management fees charged by the property company. See appendix to the contract for decoration standard.
The part exceeding the decoration standard means the part extra required by Party A which shall bear the decoration fees.

7.2 Party B and the property company have
the rights to specify and manage Party A’s decoration, division, building, equipment installation or reconstruction of this
Premise, including managing the access of Party A’s construction staffs, materials transportation, construction time and
safety, etc. reasonably.

7.3 If Party A decides to redecorate this
Premise within term of lease, it must acquire Party B’s written consent in advance. Party A shall also ensure the decoration
unit it entrusts has the decoration qualification specified by the state and acquire all the approvals and permits of the government
organs prior to decoration. Party A shall also ensure the workers follow disciplines and laws, work in a civilized and safe manner,
abide by Decoration Guide of the property company and accept the supervision and management of Party B and the property
company in the whole decoration process.

7.4 Should Party A’s decoration unit
cause any personal injury and death or property loss in the decoration process, Party A shall be responsible for making compensation
at its sole discretion; if this Premise is damaged, Party A shall make compensation fully, including but not limited to the damage
of this Premise and Party B’s relevant losses.

7.6 Should decoration be finished, Party
A shall apply to the relevant competent government organs and Party B for acceptance before using this Premise.

 

 

 

 

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Article 8 Maintenance and Repairing

8.1 Party A must keep this Premise under
normal and clean status and use it properly within the term of lease. Where this Premise and auxiliary facilities are damaged or
become faulty (except for the quality problems of main structure of this Premise) due to the cause attributable to Party A and
relevant third party, Party A shall be responsible for repairing and compensation at its own expenses. If Party A refuses to make
repairing, Party B can make repairing instead and all the fees arising therefrom can be deducted from Party A’s lease margin.
In such case, Party A shall make up the lease margin within five days; otherwise, it is seen as a serious breach of this Contract
and Party B has the rights to terminate this Contract in advance. If the above causes any personal injury or property loss, all
the responsibilities shall be borne by Party A.

8.2 Party A shall use this Premise and
auxiliary facilities reasonably within the scope of lease in term of lease and make sure the floor, gypsum plaster, other decorations,
wall, ceiling, articles provided by Party B separately, assembly and all the other objects provided separately (no matter whether
they belong to Party B or Party A) within this Premise, including all doors, windows, electric devices, wires, water pipes, telephone
lines, etc. are under leasable status (except for reasonable wear). If Party A applies to the property company for repairing, it
shall pay relevant repairing fees as per the company’s standard on equipment and facility repairing fees.

8.3 Party A shall abide by Party B’s
and property company’s rules and systems regarding equipment installation and maintenance.

8.4 If the relevant fire system, sprinkling
system, electric device, cool and heating water pipeline, telephone wire, building self-control system, air conditioning coiler
fan and water supply & drainage system of this Premise become dangerous or unsafe, or need changing or repairing as per the
reasonable requirements of relevant public facility institutions, Party A must employ the contractor designated by Party B and
effect payment accordingly.

8.5 In case that the external wall glass
of this Premise is damaged in term of lease (including any crack or bruise) due to the intentional purpose or negligence of Party
A or any third party, Party B must bear all the expenses for replacing the glass.

 

Article 9 Insurance and Fire Prevention

9.1 If Party A plans to decorate this Premise,
it shall place insurance for this Premise in course of decoration, including but not limited to installation all risks insurance
(including third party liability insurance). The limit of liability per accident of third party insurance contained in installation
all risks insurance shall be no lower than RMB 500,000.

9.2 Party A shall purchase property all
risks insurance and public liability insurance for this Premise in term of lease at least. The limit of liability per accident
of Party A’s public liability insurance shall be no less than RMB 500,000 and Party A shall take Party B as the joint beneficiary.
Party A shall ensure it will place the aforementioned insurance within the whole term of lease.

9.3 Should Party B ask Party A for insurance
purchase voucher, Party A shall provide the copy of the said policies for Party B for audit and filing.

9.4 In case of any insurance accident ascribed
to Party A, causing any loss or losses to Party B, Party A shall use the compensation from the insurance company to compensate
Party B’s loss; if the said compensation cannot be enough to pay off Party B’s loss, Party A shall still pay the difference
for Party B.

9.5 Party A must abide by Party B’s
and firefighting organ’s all suggestions, ensure the firefighting equipment of this Premise satisfy the firefighting organ’s
requirements and shall not destroy the equipment or influence the running status of them or prevent any firefighting equipment
from running normally or block fire exit door. If the firefighting equipment is damaged or becomes faulty, Party A shall inform
Party B with no delay. If the above is ascribed to Party A, Party A shall make compensation.

 

Article 10 Prohibitions and Restrictions

10.1 The personnel allocation standard
of this Premise is 1:10 (number of office personnel: building area). If the personnel exceed the property management and cause
adverse influence to other lessees, Party B has the rights to stop providing relevant services to eradicate the adverse factors
but all the losses arising therefrom shall be borne by Party A.

10.2 In no case shall Party A make noises
(including but not limited to playing music or shouting slogan loudly) to interfere with other lessees and third party offensively
within the whole term of lease. Party B and the property company can decide finally if the noise constitutes offensive interference.
Where Party A is complained and is defined involving the offensive interference, it shall make corrections within two days. If,
however, it refuses to make corrections and eradicate the influence, Party B will suspend providing service and all the compensations
and relevant legal responsibilities arising therefrom shall be borne by Party A.

 

 

 

 

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10.3 When using this Premise and the public
region, Party A shall abide by the electricity use standard of the building and avoid using the electronic and power facilities
and equipment with overload. In case of trip or any other relevant loss due to improper use, Party A shall bear the consequences
arising therefrom.

10.4 Smoking or any hazardous object such
as inflammable and explosive articles is forbidden in this Premise and public region (except for smoking area). Once Party A is
found involving the above by Party B and the property company, Party A must stop and eradicate the dangers immediately. If Party
A refuses to stop or eradicate the danger once urged in writing for twice, it is seen as a breach of this Contract. In such case,
Party A shall pay Party B liquidated damages of RMB 5,000 within two days after receiving a written notice from Party B. Party
A is seen as a serious breach of this Contract if paying liquidated damages for over three times and Party B is entitled to terminate
this Contract and investigate Party A’s violation liabilities.

10.5 Party A must acquire Party B’s
written consent if planning to put, hang or post any ads at the external wall of this Premise, surrounding it or within the public
region. Otherwise, Party B can dismantle the said objects, either in person or by entrusting a third party and all the dismantling
fees caused thereby shall be borne by Party A. Party A is seen as a breach of this Contract if involving the above for over three
times. In such case, Party B is entitled to terminate this Contract and investigate Party A’s violation liabilities.

 

Article 11 Sublet and Renewal 

11.1 Party A shall not sublet, lend, sublease
or exchange this Premise with others at will by any means within the whole term of this Contract.

11.2 If Party A decides to lease this Premise
continuously after the expiration of this Contract, it shall apply to Party B for renewal in writing three months prior to expiration
at least, on the basis that it pays rent, management fees and other expenses in time and abides by and performs all the terms contained
herein. Party A has the priority of lease under equivalent conditions. Where both parties reach a consensus on renewal of this
Contract, they shall sign a new house lease contract; otherwise, Party A is seen to waive the right of renewal. Party B can rent
out this Premise to others.

11.3 If Party A does not renew this Contract
with Party B but refuses to move out of this Premise in due time after the term of lease expires, Party B can ask for rent which
is three times of the original rent in the overdue period and Party A shall pay it off within three days.

11.4 Party B can view this Premise within
two months prior to the expiration of term of lease together with any third party. In such case, Party B shall inform Party A in
advance and Party A shall provide necessary assistance.

 

Article 12 Surrender of Tenancy

If this Contract expires or is terminated
in advance (no matter whether it is terminated unilaterally or via negotiation of both parties), Party A shall move out of this
Premise within the second day upon expiration. Where Party A refuses to move or send back this Premise in due time, Party B has
the rights to take back this Premise as per laws or the provisions of this Contract and ask Party A for compensation for the overdue
period according to the standard which is three times of the original rent as per 11.3. Both parties shall accept and hand over
this Premise together. If this Premise sent back by Party A has any fixed attachment, device or additional equipment that Party
B agrees to accept, Party A is seen to waive the ownership of the above and shall not ask Party B for compensation in any form.
If Party B refuses to accept them, Party A shall send back this Premise after recovering it to the original status, including but
not limited to recovering the open ceiling fire sprinkling system and smoke detector, dismantling and returning fan coiler, thermostat,
lamp panel, air supply outlet, air outlet, ceiling and auxiliary materials (check the quantity on site based on the list of standard
electromechanical facilities for the leased region. Party A shall make up the missing ones or compensate material or loss).

 

Article 13 Termination of This Contract

13.1 If Party A involves any of the following
cases within the whole term of lease:

(1) Party A’s business deteriorates
seriously or Party A transfers properties, withdraws funds secretly or loses business reputation, which influences the performance
of this Contract;

(2) Party A is subjected to clearing, bankruptcy
or property seal-up or sharp reduction of debt paying capacity, which may affect it from performing the obligations contained herein;

Party B can ask Party A to provide performance
bond. Should Party A refuse to provide, Party B can terminate this Contract, confiscate the margin and investigate Party A’s
violation liabilities.

13.2 If Party A’s any property inside
this Premise is subjected to any compulsory measures and/or sealed up by the people’s court or other administrative law-enforcing
department within the term of lease, making this Contract unable to be performed continuously, Party B can terminate this Contract,
confiscate the margin and investigate Party A’s violation liabilities.

 

 

 

 

    	 	5	 

     

    

 

Article 14 Violation Liabilities

14.1 If Party B terminates this Contract
in advance within the term, it shall inform Party A two months in advance and return the margin in double times and the rent for
the rest term of this Contract (the rent of a term longer than four months is calculated based on four months) to Party A. Should
Party A terminate this Contract in advance within the term, it shall inform Party B two months in advance and Party B will not
refund the margin that Party A pays. In such case, Party A shall also be responsible for the rent of the rest terms within the
validity of this Contract (the rent of a term longer than four months is calculated based on four months).

14.2 Party A shall pay Party B margin as
per 5.1 and 5.2 of this Contract. Otherwise, Party A is seen as a breach of this Contract. In such case, Party B can terminate
this Contract and rent it out to a third party without informing Party A in advance; refuse to refund Party A’s down payment
and ask Party A for liquidated damages according to the total margin specified in 5.1 and 5.2 hereof.

14.3 Party A shall not refuse to pay or
default in paying rent, management fees and other expenses with any cause. If Party A fails to pay the fees above within the time
specified, it shall pay Party B liquidated damages which are 0.5% of total fees for each day overdue. Should Party A fail to pay
the rent and other expenses for five days overdue as per this Contract, Party B will suspend providing services for it (including
but not limited to water and electricity supply, door access, business service, article release, etc.) and all the consequences
arising therefrom shall be borne by Party A.

14.4 If Party A involves any of the following
cases within the term of lease:

(1) Party A fails to pay rent and other
expenses based on the time specified herein for seven days overdue;

(2) Party A defaults in paying rent and
other expenses for three times.

Party A is seen as a serious breach of
this Contract. Party B will terminate this Contract with Party A, confiscate Party A’s margin and may collect and rent out
this Premise. Party A shall also be responsible for the rent of the rest terms within the validity of this Contract (the rent of
a term longer than four months is calculated based on four months). If Party A does not dispose its office facilities and supplies
left inside this Premise, it is seen as having waived the disposal and agreed Party B to dispose them.

14.5 In case that Party A terminates this
Contract in advance or breaches this Contract within the term, it shall bear the rent for rent-free period.

14.6 Where Party A proposes to terminate
this Contract or breaches this Contract within term, it shall pay the commission service fees/brokerage fees paid by Party B in
advance as per 4.4.

14.7 If Party A breaches this Contract
due to its failure in paying rent and management fees or this Contract cannot be performed any longer by Party A’s other
behaviors, Party B can ask Party A to provide performance bond or detain Party A’s properties inside this Premise after Party
A fails to effect payment in time or involves the behaviors above. If it is determined that this Contract cannot be performed any
longer within five working days, Party B can terminate this Contract, confiscate the margin, exercise lien and investigate Party
A’s violation behaviors.

14.8 If Party A involves any of the following
cases within the term of lease:

(1) Party A deals with illegal activities
inside this Premise, impairing the public interests or others’ interests;

(2) Party A changes the purpose of lease
specified in this Contract at will;

(3) Party A refuses to bear maintenance
responsibilities or pay maintenance fees as per this Contract, leading to the damage of this Premise or facilities;

(4) Party A decorates this Premise without
Party A’s prior consent or changes its structure or involves other behaviors of destroying this Premise;

(5) Party A subleases, lends, sublets or
exchanges this Premise with others at will;

(6) Party A saves hazardous objects such
as inflammable and explosive articles or other prohibited substances in this Premise;

(7) Other behaviors in violation of laws
and this Contract.

If Party A involves any of the behaviors
above, Party B can terminate this Contract, confiscate the margin and ask Party A for compensating its loss arising therefrom.

14.9 Any fees paid by Party B for urging
Party A’s payment of the rent and management fees or exercising any right under this Contract (including but not limited
to attorney fees and legal fare, etc.) shall be borne by Party A.

 

 

 

 

    	 	6	 

     

    

 

Article 15 Non-competition

Party A hereby commits that it will not
employ any employee from Party B’s any department, either directly or indirectly, from the conclusion of this Contract to
the expiration of term specified herein, including the in-service employees or employees resigning from Party B for less than three
months.

 

Article 16 Notice and Delivery

16.1 All the notices sent based on the
demand of this Contract must be made in writing. Both parties shall send written notices or other files based on the address stated
herein.

Party A: Beijing Luji Technology Co., Ltd

Address:

Party B:. Beijing Hontao Management Consulting
Co., Ltd..

Address:

16.2 The mailing address, email and contact
phone specified in this Contract are both parties’ valid addresses for service when both parties perform this Contract and
resolve any dispute arising out of the performance of this Contract. Both parties confirm the addresses have legal effect. In case
of changing the address, the due party shall inform the counterparty in writing. Any file, notice or other correspondence is seen
to have delivered on the 3rd working day after sending; the registered delivery bill from the postal office serves as
the valid certificate of delivery. If they are sent via email, they are seen to reach the recipients upon the delivery and the
sending party’s delivery record serves as the valid certificate; if the files, notices or correspondences are sent face to
face, they are seen to reach the recipient once signed by the counterparty and the receipt serves as the valid certificate of delivery.
If the counterparty refuses, they are seen to have been delivered as long as they are delivered to the counterparty and the corresponding
photos or video can serve as the receipt or via other ways as stipulated in this Contract.

 

Article 17 Applicable Laws and Dispute
Resolution

17.1 The signature, performance, interpretation
and dispute resolution of this Contract are governed by the laws of the People’s Republic of China.

17.2 Any dispute arising out of the performance
of this Contract shall be resolved by both parties via negotiation. If, however, negotiation fails, either party can file a lawsuit
to the people’s court at the site of this Premise.

 

Article 18 Miscellaneous

18.1 The titles of this Contract are used
for facilitate searching and neither interpret nor restrain the terms contained herein.

18.2 Any matters unmentioned herein shall
be resolved by both parties by concluding a supplementary agreement which serves as an indispensable part of this Contract. In
case of any discrepancy between the supplementary agreement and this Contract, the former shall prevail.

18.3 Both Party A and Party B hereby acknowledge
that in case of any discrepancy between this Contract and house lease contract of Beijing they sign, the former shall prevail and
they will perform this Contract in good faith. Upon the signature of this Contract, Party B shall go through contract registration
formalities at the local competent house lease formalities of this Premise as per laws and when necessary, Party A shall provide
relevant certificates to help Party B deal with the registration formalities. Party A and Party B shall bear the stamp taxes respectively.

18.4 Party A shall coordinate all disputes
it has with a third party in term of lease. All the consequences arising therefrom and government punishment shall be borne by
Party A its sole discretion. Party A shall maintain the business reputation of the building and Party B consciously and ensure
Party B will not be subjected to any complaint or claim by any third party or government punish by the services it provides or
its other behaviors within the term of lease. Otherwise, Party A shall, besides bearing all the legal liabilities, compensate Party
B’s loss arising therefrom (including but not limited to all the expenditures and costs paid by Party B).

 

 

 

 

    	 	7	 

     

    

 

The quantity and color of furniture are
subject to the list. Party A’s any extra demand will be charged separately. The list of furniture added separately shall
be attached behind this Agreement. Where Party A entrusts Party B to purchase furniture, it shall pay Party B service fees which
are 20% of the furniture fees; both parties make the consensus below:

1. Mode of compensation after loss or damage
of the objects leased

Party B will accept the products returned
by Party A. If any object is found lost or damaged artificially (furniture cracking, fracture, etc.), Party A shall make compensation
based on the price or agree Party B to deduct the price from margin directly.

2. Requirements for placing and using the
articles leased

Party B shall dispatch service staffs to
install and debug the furniture until they can be used normally. Party B shall place furniture in the corresponding place in one
time according to Party A’s requirements instead of placing them again. Party A shall avoid them from getting wet in rain,
being soaked in water or high temperature; otherwise, all the losses thus caused shall be borne by Party A.

3. Party A shall shoulder the safety responsibilities
of the articles leased such as fire, disaster and theft resistance and normal use.

18.5 Any contract term not made in the
typical contract format herein is concluded by Party A and Party B after reaching consensus on and accepting the meanings.

18.6 This Contract is made in duplicate
with each party holding one.

18.7 This Contract becomes valid once signed
and sealed by both parties until the term of lease expires.

 

	
        Party A:

        Seal: Beijing Luji Technology Co., Ltd.

        Legal representative: Tian Xiangyang

        Entrusted agent:

        Zhanghao (signature)

        March 30, 2020
	
        Party B:

        Seal: Beijing Hontao Management Consulting
        Co., Ltd

        Legal representative:

        Entrusted agent:

        March 30, 2020

 

 

 

 

 

 

 

    	 	8	 

     

    

 

Appendix 1:

 

Building Structure, Decoration and Equipment
Delivery Standard

 

	 	Ground	Wall Surface	Ceiling
	Elevator hall of standard layer	Natural stone	Natural stone (wall surface at the side of core cylinder)	Gypsum board
	Public corridor of standard layer	Natural stone	Wall paper + Tempered laminated glass	Metal ceiling
	Toilet	Natural stone	Ceramic 	Gypsum board
	Office area	Natural stone	Wall surface emulsion varnish of gypsum board partition + finished product high partition	Gypsum board ceiling

 

 

Air conditioning system: Central air conditioning
and fan coil

Window: Glass curtain wall (including curtain)

Lamp panel: Standard lamp panel connected
with fluorescent tube

Power: Lighting power and socket power
wiring has been reserved below the workstation according to standard point arrangement. The wiring of furniture shall be paid by
Party A.

Firefighting: Spray head (installed by
Party B)

Smoke detector (installed
by Party B)

Loudspeaker (installed
by Party B)

Telephone/Communication: party B provides
communication cable which shall be connected to all units via the machine room at each layer. The wiring shall be paid by Party
A who shall also bear the fees for relevant communication and network use.

Partition: High participation, aluminum
alloy plus glass.

Unit door: Tempered glass

Interior door: High-grade ecological wooden
door

 

 

 

 

 

 

    	 	9

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