Document:

Exhibit 10.1

 

 

 

 

 

 

Dated
15th August, 2018

 

Ecrent
Capital Holdings Limited

 

and

 

Sharing
Economy Investment Limited

 

 

 

LICENSE

AGREEMENT

 

 

 

 

 

 

 

 

 

 

     

     

    

 

Table
of Contents

 

	 	 	Page
	 	 	 
	1.	definitions
    and interpretations	1
	 	 	 
	2.	Grant
    of licenses	7
	 	 	 
	3.	delivery
    of the licensed software	9
	 	 	 
	4.	Acceptance
    testing	9
	 	 	 
	5.	operation
    of the Websites	11
	 	 	 
	6.	performance
    of services	11
	 	 	 
	7.	consideration
    and conditions precedent	12
	 	 	 
	8.	guaranteed
    revenue and Guaranteed gross profit	13
	 	 	 
	9.	transfer
    of revenues	13
	 	 	 
	10.	intellectual
    property rights	14
	 	 	 
	11.	Confidentiality	15
	 	 	 
	12.	term
    and termination	16
	 	 	 
	13.	Representations
    and warranties	18
	 	 	 
	14.	indemnification	22
	 	 	 
	15.	notices	23
	 	 	 
	16.	force
    majeure	24
	 	 	 
	17.	miscellaneous	24

 

    	 	i	 

     

    

 

THIS
AGREEMENT is made the 15th day of August, 2018

 

BETWEEN:

 

		(1)	ECRENT
                                         CAPITAL HOLDINGS LIMITED, a company incorporated in the British Virgin Islands and whose
                                         registered office is at Sea Meadow House, Blackburne Highway, (P.O. Box 116), Road Town,
                                         Tortola, British Virgin Islands (the “Licensor”); and

 

		(2)	SHARING
                                         ECONOMY INVESTMENT LIMITED, a company incorporated in the British Virgin Islands and
                                         whose registered office is at Sea Meadow House, Blackburne Highway, (P.O. Box 116), Road
                                         Town, Tortola, British Virgin Islands (the “Licensee”).

 

		WHEREAS:	

 

		(A)	The
                                         Licensor was granted an exclusive and sublicensable license from its Affiliates under
                                         a separate license agreement to utilise certain software and trademarks in order to develop,
                                         launch, operate, commercialise, and maintain an online website platform in a number of
                                         countries.

 

		(B)	The
                                         Licensor wishes to sublicense to the Licensee and the Licensee wishes to receive from
                                         the Licensor such exclusive license to utilize the software and trademarks, and grant
                                         other rights that the Licensee may need, for the purpose of the Business (as hereinafter
                                         defined).

 

		(C)	The
                                         Parties wish to ultimately expand upon their business relationship under this Agreement
                                         as part of achieving a world-wide and global scope to the services related to the license
                                         hereunder.

 

IT
IS HEREBY AGREED as follows:

 

		1.	definitions
                                         and interpretations

 

		1.1	In
                                         this Agreement, unless the context requires otherwise, the following terms shall have
                                         the following meanings:

 

	 	“Acceptance”	has the meaning set forth
    in Clause 4.8
	 	 	 
	 	“Acceptance Tests”	such tests as may be conducted in accordance
    with Clause 4 to determine whether the Licensed Software meets the requirements of this Agreement and the Documentation

 

    	 	1	 

     

    

 

	 	“Affiliate”	in relation to a corporation or person, a legal
    entity directly or indirectly controlled by, controlling, or under common control with, such corporation or person
	 	 	 
	 	“Authorised Services”	any and all services performed by any Authorised
    User for the Licensee or any of the Licensee’s Affiliates for or in connection with the Licensee’s or the Licensee’s
    Affiliate’s use of the Licensed Software or Documentation in accordance with this Agreement, including any services
    comprising or relating to the analysis, development, delivery, hosting, installation, configuration, integration, testing,
    deployment, maintenance, support, repair, storage, copying, reproduction, modification, enhancement, improvement or disaster
    recovery of, or training of Authorised Users concerning, the Licensed Software or Documentation.
	 	 	 
	 	“Authorised Users”	all officers, directors, employees, consultants
    or independent contractors of the Licensee or any of the Licensee’s Affiliates authorised under this Agreement to use
    the Licensed Software, the Documentation, the Licensed Trademarks, the Licensed Domain Names, and/or the Licensed Content.
    Authorised Users also include all persons, including all agents, contractors, consultants, and their respective employees
    that the Licensee or any of the Licensee’s Affiliates retains or grants any sublicense to hereunder to provide Authorised
    Services
	 	 	 
	 	“Business”	operation of the Websites, mobile applications
    and business services
	 	 	 
	 	“Business Days”	a day other than a Saturday, Sunday or other
    day on which commercial banks in Hong Kong are authorised or required by Law to be closed for business
	 	 	 
	 	“Confidential Information”	has the meaning set forth in Clause 11.1
	 	 	 
	 	“Disclosing Party”	has the meaning set forth in Clause 11.1
	 	 	 
	 	“Documentation”	all user manuals, operating manuals, technical
    manuals and any other instructions, specifications, documents or materials, in any form or media, that describe the functionality,
    installation, testing, operation, use, maintenance, support, or technical or other components, features or requirements, of
    the Licensed Software
	 	 	 
	 	“Effective Date”	has the meaning set forth in Clause 12.1

 

    	 	2	 

     

    

 

	 	“Expiration Date”	has the meaning set forth in Clause 12.1
	 	 	 
	 	“Force Majeure”	has the meaning set forth in Clause 16.1
	 	 	 
	 	“Guaranteed Gross Profit”	has the meaning set forth in Clause 8.1
	 	 	 
	 	“Guaranteed Revenue”	has the meaning set forth in Clause 8.1
	 	 	 
	 	“Harmful Code”	any virus, Trojan horse, worm, backdoor or other
    software or hardware devices the effect of which is to permit unauthorised access to, or to disable, erase, or otherwise harm,
    any computer, systems or software; or any time bomb, drop dead device, or other software or hardware device designed to disable
    a computer program automatically with the passage of time or under the positive control of any person, or otherwise deprive
    the Licensee of its lawful right to use such software
	 	 	 
	 	“Hong Kong”	the Hong Kong Special Administrative Region
    of the People’s Republic of China
	 	 	 
	 	“Hosting Services”	has the meaning set forth in Clause 6.1
	 	 	 
	 	“Intellectual Property Rights”	any and all registered and unregistered rights
    granted, applied for or otherwise now or hereafter in existence under or related to any patent, copyright, trademark, trade
    secret, database protection or other intellectual property rights laws, and all similar or equivalent rights or forms of protection,
    in any part of the world
	 	 	 
	 	“Issued Price”	has the meaning set forth in Clause 7
	 	 	 
	 	“Issued Shares”	has the meaning set forth in Clause 7
	 	 	 
	 	“Law”	any statute, law, ordinance, regulation, rule,
    code, order, constitution, treaty, common law, judgment, decree or other requirement of any federal, state, local or foreign
    government or political subdivision thereof, or any arbitrator, court or tribunal of competent jurisdiction
	 	 	 
	 	“Licensed Content”	all content (including but not limited to text,
    graphics, information and data) associated with the Website. The copyright of such content is (a) owned by the Licensor; or
    (b) owned by a third party provider but is sublicensable by the Licensor to the Licensee without requiring the payment of
    any additional fee to any third party and without violating the terms of any agreement with such third party provider, together
    with all updates to and substitutions therefor as may be implemented by Licensor or such third party provider.

 

    	 	3	 

     

    

 

	 	“Licensed Domain Names”	the domain names described in Schedule 3
	 	 	 
	 	“Licensed Software”	the computer and mobile application software
    described in Schedule 2, Maintenance Releases of the same provided to the Licensee or any of the Licensee’s Affiliates
    pursuant to this Agreement, and all copies of the foregoing permitted under this Agreement
	 	 	 
	 	“Licensed Trademarks”	the trademarks described in Schedule 4
	 	 	 
	 	“Licensee’s Data”	means all data, information and other content
    of any type and in any format, medium or form, whether audio, visual, digital, screen, graphical user interface or other,
    that is input, uploaded to, placed into or collected, stored, processed, generated or output by any device, system or network
    by or on behalf of the Licensee or any of its Affiliates, including any and all works, inventions, data, analyses, and other
    information and materials resulting from any use of the Licensed Software by or on behalf of the Licensee or any of its Affiliates
    under this Agreement, except that Licensee’s Data does not include the Licensed Software or data, information or content,
    including any graphical user interface, audio, visual or digital or other display or output, that is generated automatically
    upon executing the Licensed Software without additional user input
	 	 	 
	 	“Licensee’s Modifications”	all modifications, corrections, repairs, translations,
    enhancements and other derivative works and improvements of the Licensed Software or Documentation permitted by the Licensor
    with prior written consent to be made by the Licensee or any of its Affiliates, or for the Licensee or any of its Affiliates
    by any Authorised User pursuant to this Agreement
	 	 	 
	 	“Licensee’s Systems”	the Licensee’s information technology
    infrastructure, including but not limited to, computers, servers, software, hardware, databases, electronic systems (including
    database management systems) and networks, whether operated directly by the Licensee or through the use of third-party services
    or contractors

 

    	 	4	 

     

    

 

	 	“Losses”	all losses, damages, liabilities, deficiencies,
    claims, actions, judgments, settlements, interest, awards, penalties, fines, costs or expenses of whatever kind, including
    reasonable attorneys’ fees and the costs of enforcing any right to indemnification hereunder and the cost of pursuing
    any insurance providers
	 	 	 
	 	“Maintenance Release”	any update, upgrade, release or other adaptation
    or modification of the Licensed Software, including any updated Documentation, that the Licensor may develop and launch or
    utilise in connection with the Websites from time to time during the Term, which may contain, among other tines error corrections,
    enhancements, improvements or other changes to the user interface, functionality, compatibility, capabilities, performance,
    efficiency or quality of the Licensed Software or the Websites
	 	 	 
	 	“Month End Report”	has the meaning set forth in Clause 9.4
	 	 	 
	 	“Nonconformance Notice”	has the meaning set forth in Clause 4.5
	 	 	 
	 	“Nonconformity”	any failure or failures of the Licensed Software
    to conform to the requirements of this Agreement, including any applicable Documentation
	 	 	 
	 	“Receiving Party”	has the meaning set forth in Clause 11.1
	 	 	 
	 	“Regions”	the countries, territories or regions described
    in Schedule 1
	 	 	 
	 	“Reported Month”	has the meaning set forth in Clause 9.4
	 	 	 
	 	“Representatives”	with respect to a Party, that Party’s
    and its Affiliates’ employees, officers, directors, consultants, agents, independent contractors, service providers,
    sublicensees, subcontractors and legal advisors
	 	 	 
	 	“Securities Act”	the Securities Act of 1933, as amended
	 	 	 
	 	“SEII”	Sharing Economy International Inc., a company
    incorporated in Nevada, the U.S. with limited liability, the shares of which are listed on the NASDAQ stock market
	 	 	 
	 	“Support Services”	has the meaning set forth in Clause 6.2
	 	 	 
	 	“Term”	has the meaning set forth in Clause 12.1

 

    	 	5	 

     

    

 

	 	“Testing Period”	has the meaning set forth in Clause 4.3(b)
	 	 	 
	 	“Training Services”	has the meaning set forth in Clause 6.6
	 	 	 
	 	“US$”	United States Dollar
	 	 	 
	 	“U.S.”	the United States of America
	 	 	 
	 	“U.S. Person”	means:
	 	 	 
	 	 	(i)	any natural person who is a citizen of, or resident
in, the U.S. (meaning the United States of America, its territories and possessions, any State of the United States, and the District
of Columbia);
	 	 	 
	 	 	(ii)	any partnership, corporation or other entity organized
or incorporated in, or under the laws of the U.S.;
	 	 	 
	 	 	(iii)	any estate of which any executor or administrator is
a U.S. Person;
	 	 	 
	 	 	(iv)	any trust of which any trustee is a U.S. Person;
	 	 	 
	 	 	(v)	any agency or branch of a foreign entity located in
the U.S., or the income of which is subject to U.S. income tax, regardless of source;
	 	 	 
	 	 	(vi)	any non-discretionary account or similar account (other
than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a U.S. Person;
	 	 	 
	 	 	(vii)	any discretionary account or similar account (other
than an estate or trust) held by a dealer or other fiduciary organized, incorporated, or (if an individual) resident in the U.S.;
and
	 	 	 
	 	 	(viii)	any partnership or corporation if: (A) organized or
incorporated under the laws of any foreign jurisdiction; and (B) formed by a U.S. Person principally for the purpose of investing
in securities not registered under the 1933 Act, unless it is organized or incorporated, and owned, by “accredited investors”
(as defined in Rule 501(a) of Regulation D of the 1933 Act) who are not natural persons, estates or trusts.
	 	 	 
	 	“Warranties”	the representations and warranties which are set out in Clause 13
	 	 	 
	 	“Websites”	the online websites and platforms at the Licensed Domain Names which the Licensee shall operate through the Licensee’s use of the rights granted under this Agreement

 

    	 	6	 

     

    

 

		1.2	In
                                         this Agreement:

 

		(a)	the
                                         Recitals and the Schedules form part of this Agreement and shall have the same force
                                         and effect as if expressly set out in the body of this Agreement and any reference to
                                         this Agreement shall be to this Agreement as from time to time supplemented, varied or
                                         amended and shall include the Recitals and Schedules;

 

		(b)	statutes
                                         or statutory provisions shall be construed as references to those statutes or provisions
                                         as amended from time to time (whether before or after the date of this Agreement) and
                                         to any orders, regulations, instruments or subordinate legislation under the relevant
                                         statute or statutory provisions;

 

		(c)	words
                                         denoting the singular include the plural and vice versa, words denoting any gender include
                                         all genders, and words denoting persons include firms and corporations and vice versa.
                                         “Parties” or “Party” shall mean the parties or
                                         a party to this Agreement;

 

		(d)	the
                                         headings are for convenience only and shall not affect the construction of this Agreement;
                                         and

 

		(e)	unless
                                         otherwise specified, all acts required to be done under this Agreement on a day which
                                         is not a Business Day shall be done on the next Business Day.

 

		2.	Grant
                                         of licenses

 

		2.1	Subject
                                         to the terms and conditions of this Agreement, the Licensor hereby grants to the Licensee
                                         during the Term exclusive, transferrable, royalty-free rights and licenses to use the
                                         following in connection with the Business in the Regions:

 

		(a)	the
                                         Licensed Software; and

 

		(b)	the
                                         Documentation.

 

		2.2	Subject
                                         to the terms and conditions of this Agreement, the Licensor hereby grants to the Licensee
                                         during the Term exclusive, transferrable, royalty-free rights and licenses to use the
                                         following in connection with the Business:

 

		(a)	the
                                         Licensed Trademarks;

 

    	 	7	 

     

    

 

		(b)	the
                                         Licensed Domain Names; and

 

		(c)	the
                                         Licensed Content.

 

		2.3	The
                                         rights and licenses hereby granted in Clauses 2.1 and 2.2 are sublicensable by the Licensee
                                         as may be necessary to the Licensee’s Affiliates and to the extent necessary for
                                         the Licensee to meet its obligations under this Agreement provided that the Licensee
                                         shall ensure that any such sublicense shall incorporate terms and conditions sufficient
                                         to enable the Licensee to comply with this Agreement and the Licensee remains responsible
                                         for compliance with the terms of the sublicense by the sublicensees. For the avoidance
                                         of doubt, to the extent necessary this Agreement includes all rights that the Licensee
                                         may need in order for Licensee to grant access and use to end users of the Websites and
                                         any mobile application software.

 

		2.4	Pursuant
                                         to the rights and licenses granted under Clause 2.1 and in accordance with the terms
                                         and conditions of this Agreement, the Licensee, and as necessary each of the Licensee’s
                                         Affiliates, has the right and license to do each of the following for or in connection
                                         with the Business:

 

		(a)	install,
                                         execute, host, and run as many copies of the Licensed Software on the Licensee’s
                                         Systems as may be needed by the Licensee and its Authorised Users in connection with
                                         the Business;

 

		(b)	generate,
                                         print, copy, download and store all Licensee’s Data and other data, information
                                         and content, including all graphical user interfaces, audio, visual or digital and other
                                         displays and output, as may result from any execution or other use of the Licensed Software;

 

		(c)	use
                                         the Licensed Software in object code form;

 

		(d)	grant
                                         any and all such sublicenses as may be required to authorise any Authorised Users to
                                         perform any of the Authorised Services in connection with the Business;

 

		(e)	train
                                         Authorised Users in any and all uses of the Licensed Software and the Documentation permitted
                                         hereunder; and

 

		(f)	perform,
                                         and have Authorised Users perform, any other act, including the provision of any service,
                                         that is reasonably incidental to the operation of the Licensed Software for the Business
                                         in accordance with the terms and conditions of this Agreement.

 

		2.5	During
                                         the Term, the Licensor shall provide the Licensee and its Affiliates, at no additional
                                         charge, with all Maintenance Releases, each of which will constitute Licensed Software
                                         and be subject to the terms and conditions of this Agreement.

 

    	 	8	 

     

    

 

		3.	delivery
                                         of the licensed software

 

		3.1	Within
                                         ten (10) Business Days after the Effective Date, the Licensor shall deliver the Licensed
                                         Software to the Licensee in a form mutually agreed to by the parties.

 

		3.2	Risk
                                         of loss of any tangible media on which any Licensed Software is delivered shall not pass
                                         to the Licensee unless and until Licensee’s Acceptance of such Licensed Software
                                         in accordance with Clause 4.

 

		3.3	The
                                         Licensor shall provide the Licensee with complete and accurate Documentation for all
                                         Licensed Software prior to or concurrently with its delivery of the Licensed Software,
                                         including any necessary translations of such Documentation into the English language.
                                         The Documentation shall include all technical and functional specifications and other
                                         such information as may be reasonably necessary for the effective installation, testing,
                                         use, support, maintenance of the Licensed Software on the Licensee’s Systems, including
                                         the effective configuration, integration, and systems administration of the Licensed
                                         Software, and the operation and the performance of all its functions.

 

		3.4	Licensor
                                         shall provide all Documentation in both hard copy and electronic form, or as the Licensee
                                         may otherwise request.

 

		4.	Acceptance
                                         testing

 

		4.1	All
                                         Licensed Software shall be tested in accordance with the terms of this Clause 4 to determine
                                         whether it is fully operate, meets all applicable specifications and will function in
                                         accordance with the Documentation when properly installed and used for its intended purpose
                                         on the Licensee’s Systems (the “Acceptance Tests”).

 

		4.2	Upon
                                         the delivery of the Licensed Software, the Licensee shall conduct all Acceptance Tests
                                         to determine whether, and the extent to which:

 

		(a)	the
                                         Licensed Software conforms to the requirements of this Agreement, including the full
                                         operability, integration, interoperability and compatibility of the Licensed Software
                                         with the components and functions of the Licensee’s Systems in accordance with
                                         the Documentation; and

 

		(b)	the
                                         Documentation effectively supports the Licensed Software, is complete and free of any
                                         deficiencies.

 

		4.3	All
                                         Acceptance Tests shall:

 

		(a)	begin
                                         with a commercially reasonable time following delivery of the Licensed Software; and

 

		(b)	be
                                         conducted by the Licensee for up to one-hundred and eighty (180) days from the date of
                                         the Licensee’s receipt of the Licensed Software (the “Testing Period”).

 

    	 	9	 

     

    

 

		4.4	The
                                         Licensee may suspend the Acceptance Tests and the corresponding Test Period by written
                                         notice to the Licensor if the Licensee discovers a Nonconformity in the tested Licensed
                                         Software or part or feature thereof. In such event, the Licensor shall immediately, and
                                         in any case within ten (10) Business Days, correct such Nonconformity, whereupon the
                                         Acceptance Tests and Testing Period shall resume for the balance of the Testing Period.

 

		4.5	Within
                                         ten (10) Business Days following the completion of any Acceptance Tests, the Licensee
                                         shall prepare and provide to the other party written notice of the completion of the
                                         tests. Such notice shall include a report describing in reasonable detail the tests conducted
                                         and the results thereof, including any uncorrected Nonconformity in the tested Licensed
                                         Software (a “Nonconformance Notice”). If such notice identifies any
                                         Nonconformities, the parties’ rights, remedies and obligations will be as set forth
                                         in Clauses 4.6 and 4.7. If such notice provided by the Licensee identifies no Nonconformities,
                                         such notice shall constitute the Licensee’s Acceptance of the tested Licensed Software.

 

		4.6	If
                                         the Acceptance Tests identify any Nonconformities, the Licensor, at the Licensor’s
                                         sole cost and expense, shall remedy all such Nonconformities and redeliver the Licensed
                                         Software, in accordance with the applicable requirements of this Agreement and the Documentation
                                         as promptly as commercially possible and, in any case, within ten (10) days following
                                         its receipt of the Licensee’s Nonconformance Notice.

 

		4.7	If
                                         Acceptance Tests identify any Nonconformity in any Licensed Software after a second or
                                         subsequent delivery thereof, or the Licensor fails to redeliver any Licensed Software
                                         on a timely basis, the Licensee may, in its sole discretion, by written notice to the
                                         Licensor:

 

		(a)	continue
                                         the process set forth in this Clause 4; or

 

		(b)	accept
                                         the nonconforming Licensed Software, in which case the Issued Shares shall be reduced
                                         equitably to reflect the value of the Licensed Software as received relative to the value
                                         of the Licensed Software had it conformed to the requirements and specifications of this
                                         Agreement and the Documentation; or

 

		(c)	deem
                                         the failure to be a non-curable material breach of this Agreement and terminate this
                                         Agreement pursuant to Clause 12.3.

 

		4.8	Acceptance
                                         of the Licensed Software (“Acceptance”) shall occur, if at all, on
                                         the date that is the earlier of:

 

		(a)	the
                                         Licensee’s delivery of a notice accepting such Licensed Software pursuant to Clause
                                         4.5; or

 

		(b)	ten
                                         (10) Business Days after the expiration of the Testing Period if the Licensee has not
                                         notified the Licensor of one or more Nonconformities prior thereto.

 

    	 	10	 

     

    

 

		5.	operation
                                         of the Websites

 

Following
Acceptance of the Licensed Software, the Licensee shall use reasonable commercial effects to utilise the rights licensed under
this Agreement to commercialize the Websites in the Regions in connection with the Business. Toward that end, the Licensee shall
be responsible for:

 

		(a)	all
                                         costs associated with the Websites, including but not limited to, the operation, advertising,
                                         and marketing of the Websites;

 

		(b)	publishing
                                         the Licensed Content;

 

		(c)	disseminating
                                         all promotional and advertising materials in the Regions in connection with the Websites.

 

		6.	performance
                                         of services

 

		6.1	The
                                         Licensor shall provide hosting services to the Licensee (the “Hosting Services”).
                                         Subject to the terms and conditions of this Agreement or any separate hosting agreement
                                         the parties may wish to enter into, the Licensor will use commercially reasonable efforts
                                         to make the Websites available for the authorised access and use by the Licensee over
                                         the internet at least ninety-nine point nine per cent (99.9%) of the time as measured
                                         over the course of each calendar month during the Term excluding unavailability due,
                                         in whole or in part, to:

 

		(a)	act
                                         or omission by the Licensee;

 

		(b)	failure
                                         by the Licensee to adequately maintain the Licensee’s System;

 

		(c)	the
                                         Licensee’s internet connectivity or failure thereof;

 

		(d)	Force
                                         Majeure;

 

		(e)	failure,
                                         crash, degradation, suspension, interruption, outage or other problem with any software,
                                         hardware, system, infrastructure, network, facility or other matter not supplied by or
                                         reasonably under the control of the Licensor; or

 

		(f)	downtime
                                         scheduled by the Licensor for routine maintenance or services.

 

		6.2	During
                                         the Term, the Licensor shall provide the Licensee with support services consisting of
                                         technical support in connection with the function and operation of the Licensed Software,
                                         Maintenance Releases and Websites (the “Support Services”).

 

		6.3	The
                                         Licensor shall provide the Support Services hereunder in a timely, skilful, professional
                                         and workmanlike manner by qualified personnel exercising care, skill and diligence consistent
                                         with best practices in the industry, and will devote adequate resources to meet its obligations
                                         hereunder, in accordance with the terms and conditions of this Agreement and the Documentation.

 

    	 	11	 

     

    

 

		6.4	The
                                         Licensor acknowledges that time is of the essence with respect to the Licensor’s
                                         performance of the Support Services hereunder and agrees that prompt and timely performance
                                         of all Support Services and other Licensor’s obligations in accordance with this
                                         Agreement is strictly required.

 

		6.5	The
                                         Licensor shall continue to develop and create new application of the Websites as the
                                         Licensee may direct from time to time during the Term.

 

		6.6	The
                                         Licensor shall provide training on all uses of the Licensed Software and Websites, including
                                         any new application of the Websites as may be developed during the Term (the “Training
                                         Services”). Upon the Licensee’s request, the Licensor shall timely provide
                                         training for additional Authorised Users or other additional training on all uses of
                                         the Licensed Software for which the Licensee requests such training, at such reasonable
                                         times and locations as the Licensee requests.

 

		7.	consideration
                                         and conditions precedent

 

		7.1	Subject
                                         to Clause 7.2, and in consideration of and as payment in full for the rights and licenses
                                         hereby granted and the services provided by the Licensor in accordance with this Agreement,
                                         the Licensee shall issue to the Licensor 360,000 shares in SEII at the Issued Price of
                                         US$4 per share (the “Issued Shares”).

 

		7.2	The
                                         issue of the Issued Shares is conditional upon:

 

		(a)	all
                                         necessary approvals and consents in respect to this Agreement and the transactions contemplated
                                         hereunder having been obtained by SEII; and

 

		(b)	if
                                         so required under the NASDAQ Stock Market Rules, any applicable laws and/or regulations,
                                         the constitutional documents of SEII and/or by the U.S. Securities and Exchange Commission
                                         or other relevant authority, the passing by the shareholders of SEII of resolution(s)
                                         approving this Agreement and the transactions contemplated thereunder, including the
                                         issue of the Issued Shares.

 

		7.3	If
                                         the conditions set out in Clause 7.2 have not been satisfied on or before December 31,
                                         2018, this Agreement shall cease and determine (save and except Clause 11 which shall
                                         continue to have full force and effect) and thereafter none of the Parties shall have
                                         any obligations and liabilities towards each other hereunder save for any antecedent
                                         breaches of the terms hereof.

 

    	 	12	 

     

    

 

		8.	guaranteed
                                         revenue and Guaranteed gross profit

 

		8.1	The
                                         Licensor guarantees that the Business will generate revenue of US$20,000,000 (the “Guaranteed
                                         Revenue”) and gross profit of US$3,880,000 (the “Guaranteed Gross
                                         Profit”) for the Term.

 

		8.2	If
                                         the Business fails to generate either or both of the guaranteed amounts set forth in
                                         Clause 8.1 (unless such failure is caused solely by the Licensee’s material breach
                                         of any of its obligations under this Agreement), the Licensor shall compensate the Licensee
                                         as follows:

 

		(a)	in
                                         the event that the Business fails to generate the Guaranteed Revenue only, the Licensor
                                         shall, no later than one (1) calendar month after the date of the audited financial statement
                                         for the year ending 31 December 2019, return to the Licensee such proportion of the Issued
                                         Shares as is equal to the ratio of the amount of shortfall in revenue for the Term to
                                         the Guaranteed Revenue; or pay to the Licensee an amount equivalent to such proportion
                                         of Issued Shares at the Issued Price in cash, the choice of which will be made by the
                                         Licensee at its sole and absolute discretion;

 

		(b)	in
                                         the event that the Business fails to generate the Guaranteed Gross Profit only, the Licensor
                                         shall, no later than one (1) calendar month after the date of the audited financial statement
                                         for the year ending 31 December 2019, return to the Licensee such proportion of the Issued
                                         Shares as is equal to the ratio of the amount of shortfall in gross profit for the Term
                                         to the Guaranteed Gross Profit; or pay to the Licensee an amount equivalent to such proportion
                                         of Issued Shares at the Issued Price in cash, the choice of which will be made by the
                                         Licensee at its sole and absolute discretion; or

 

		(c)	in
                                         the event that the Business fails to generate the Guaranteed Revenue and the Guaranteed
                                         Gross Profit, the Licensor shall compensate the Licensee in accordance with Clause 8.2(a)
                                         or Clause 8.2(b), whichever is more favourable to the Licensee in the circumstances.

 

		9.	transfer
                                         of revenues

 

		9.1	The
                                         Licensee shall own all revenues and accounts receivable generated by the Business during
                                         the Term.

 

		9.2	The
                                         Licensor shall collect all revenues generated by the Business and any monies owed to
                                         the Licensee in connection with the Business. The Licensor shall transfer any monies
                                         collected to the Licensee on a monthly basis.

 

		9.3	The
                                         Licensor shall keep and maintain accurate and adequate books and records of the revenue
                                         generated by the Business any monies owed to the Licensee in connection with the Business.
                                         The Licensee shall be allowed to conduct on-site audit of any such books or records upon
                                         reasonable notice.

 

		9.4	On
                                         or before the fifteen day of each month, the Licensor shall render a report to the Licensee
                                         setting out, inter alia, the revenue generated and monies collected during the period
                                         commencing on the first day of the previous month and ending on the last day of the previous
                                         month (the “Reported Month”) in full detail (the “Month End
                                         Report”).

 

    	 	13	 

     

    

 

		9.5	The
                                         Licensor shall transfer to the Licensee the monies collected in full amount as set forth
                                         in the Month End Report no later than 30 days after the last day of the Reported Month.

 

		9.6	Notwithstanding
                                         any dispute concerning, arising out of or in connection with any Month End Report or
                                         the amount to be transferred to the Licensee for any given Reported Month, the Licensor
                                         shall, in accordance with Clauses 9.4 and 9.5, transfer the monies collected for such
                                         Reported Month, and continue to render Month End Report to the Licensee and transfer
                                         any monies collected for any subsequent Reported Month.

 

		9.7	In
                                         case of any dispute concerning, arising out of or in connection with any Month End Report
                                         or the amount to be transferred to the Licensee for any given Reported Month, the Licensee’s
                                         determination shall be final and binding on the Parties.

 

		10.	intellectual
                                         property rights

 

		10.1	Subject
                                         to the rights and licenses granted by the Licensor hereunder, and the provisions of Clause
                                         10.2:

 

		(a)	the
                                         Licensor and its licensor(s) reserve and retain their rights, titles and interests in
                                         and to all Intellectual Property Rights arising out of or relating to the Licensed Software,
                                         the Documentation, and the Maintenance Releases; and

 

		(b)	none
                                         of the Licensee, Licensee’s Affiliates or Authorized Users acquire any ownership
                                         of Intellectual Property Rights in or to the Licensed Software, the Documentation, and
                                         the Maintenance Releases as a result of this Agreement.

 

		10.2	As
                                         between the Licensee and its Affiliates, on the one hand, and the Licensor and its licensors,
                                         on the other hand, the Licensee and its Affiliates reserve and retain sole and exclusive
                                         ownership of all rights, titles and interests in and to the Licensee’s Data, the
                                         Licensee’s Modifications, the Licensee’s Systems, and the Licensee’s
                                         advertising materials including all Intellectual Property Rights arising therefrom or
                                         relating thereto. The Licensee’s Data, the Licensee’s Modifications, and
                                         the Licensee’s Systems are the Confidential Information of the Licensee and its
                                         Affiliates, and neither the Licensor nor any third party (other than a Licensee’s
                                         Affiliate) shall:

 

		(a)	have,
                                         acquire or claim any right, title or interest in or to any Licensee’s Data, Licensee’s
                                         Modifications, and Licensee’s Systems as a result of this Agreement or any interest
                                         they may have in the Licensed Software, the Documentation, or the Maintenance Releases;
                                         or

 

		(b)	have
                                         any right or license to, and shall not, use any Licensee’s Data, Licensee’s
                                         Modifications, and Licensee’s Systems except solely as and to the extent necessary
                                         to perform the Support Services under this Agreement.

 

    	 	14	 

     

    

 

		11.	Confidentiality

 

		11.1	In
                                         connection with this Agreement, each party (as the “Disclosing Party”)
                                         may disclose or make available Confidential Information to the other party (as the “Receiving
                                         Party”). Subject to Clause 11.2, “Confidential Information”
                                         means information in any form or medium (whether oral, written, electronic or other)
                                         that the Disclosing Party considers confidential or proprietary, including information
                                         consisting or relating to the Disclosing Party’s technology, trade secrets, know-how,
                                         business operations, plans, strategies, customers, financial information, and pricing,
                                         and information with respect to which the Disclosing Party has contractual or other confidentiality
                                         obligations, in each case whether or not marked, designated or otherwise identified as
                                         “confidential”. Without limiting the foregoing, the Licensee’s Data
                                         are the Confidential Information of the Licensee and the financial terms of this Agreement
                                         are the Confidential Information of both parties.

 

		11.2	Confidential
                                         Information does not include information that the Receiving Party can demonstrate by
                                         written or other documentary records:

 

		(a)	was
                                         rightfully known to the Receiving Party without restriction on use or disclosure prior
                                         to such information being disclosed or made available to the Receiving Party in connection
                                         with this Agreement;

 

		(b)	was
                                         or becomes generally known by the public other than by the Receiving Party’s or
                                         any of its Representatives’ noncompliance with this Agreement;

 

		(c)	was
                                         or is received by the Receiving Party on a non-confidential basis from a third party
                                         that, to the Receiving Party’s knowledge, was not or is not, at the time of such
                                         receipt, under any obligation to maintain its confidentiality; or

 

		(d)	was
                                         or is independently developed by the Receiving Party without reference to or use of any
                                         Confidential Information.

 

		11.3	Upon
                                         being provided with any disclosure of or access to the Confidential Information, the
                                         Receiving Party shall, for the Term of this Agreement,:

 

		(a)	not
                                         access or use Confidential Information other than as necessary to exercise its rights
                                         or perform its obligations under and in accordance with this Agreement;

 

		(b)	not,
                                         except as may be permitted by and subject to its compliance with Clause 11.4, disclose
                                         or permit access to Confidential Information other than to its Representatives who:

 

		(i)	need
                                         to know such Confidential Information for purposes of the Receiving Party’s exercise
                                         of its rights or performance of its obligations under and in accordance with this Agreement;

 

    	 	15	 

     

    

 

		(ii)	have
                                         been informed of the confidential nature of the Confidential Information and the Receiving
                                         Party’s obligations under this Clause 11.3; and

 

		(iii)	are
                                         bound by written confidentiality and restricted use obligations at least as protective
                                         of the Confidential Information as the terms set forth in this Clause 11.3;

 

		(c)	safeguard
                                         the Confidential Information from unauthorised use, access or disclosure using at least
                                         the degree of care it uses to protect its similarly sensitive information and in no event
                                         less than a reasonable degree of care; and

 

		(d)	ensure
                                         its Representatives’ compliance with, and be responsible and liable for any of
                                         its Representatives’ noncompliance with, the terms of this Clause 11.

 

		11.4	If
                                         the Receiving Party or any of its Representatives is compelled by applicable Law to disclose
                                         any Confidential Information then, to the extent permitted by applicable Law, the Receiving
                                         Party shall:

 

		(a)	promptly,
                                         and prior to such disclosure, notify the Disclosing Party in writing of such requirement
                                         so that the Disclosing Party can seek a protective order or other remedy, or waive its
                                         rights under Clause 11.3; and

 

		(b)	provide
                                         reasonable assistance to the Disclosing Party, at the Disclosing Party’s sole cost
                                         and expense, in opposing such disclosure or seeking a protective order or other limitations
                                         on disclosure.

 

If
the Disclosing Party waives compliance or, after providing the notice and assistance required under this Clause 11.4, the Receiving
Party remains required by Law to disclose any Confidential Information, the Receiving Party shall disclose only that portion of
the Confidential Information that, on the advice of the Receiving Party’s legal counsel, the Receiving Party is legally
required to disclose and, upon the Disclosing Party’s request, shall use commercially reasonable efforts to obtain assurances
from the applicable court or other presiding authority that such Confidential Information will be afforded confidential treatment.

 

		12.	term
                                         and termination

 

		12.1	The
                                         Term of this Agreement shall be effective on the date the conditions precedent set forth
                                         in Clause 7.2 have been satisfied (the “Effective Date”) and continue
                                         in effect until 31 December 2019 (the “Expiration Date”) unless terminated
                                         earlier in accordance with any of the express provisions of this Agreement.

 

		12.2	Unless
                                         this Agreement is terminated in accordance with any of the express provisions of this
                                         Agreement before the Expiration Date, the Licensee may, at its option, renew this Agreement
                                         for a term, which will be mutually agreed upon by the Parties, by providing the Licensor
                                         with written notice not earlier than 3 months before the Expiration Date and not later
                                         than the Expiration Date.

 

    	 	16	 

     

    

 

		12.3	In
                                         addition to any other express termination right set forth elsewhere in this Agreement,
                                         either Party may terminate this Agreement, effective on written notice to the other Party,
                                         if the other Party:

 

		(a)	commits
                                         a material breach of any provision thereof, and such breach is not remediable or, if
                                         remediable, is not remedied within thirty (30) days after the non-breaching Party provides
                                         the breaching Party with written notice of such breach;

 

		(b)	is
                                         dissolved or liquidated or takes any corporate action for such purpose;

 

		(c)	becomes
                                         insolvent or is generally unable to pay, or fails to pay, its debts as they become due;

 

		(d)	files
                                         or has filed against it a petition for voluntary or involuntary bankruptcy or otherwise
                                         becomes subject, voluntarily or involuntarily, to any proceeding under any domestic or
                                         foreign bankruptcy or insolvency Law; or

 

		(e)	applies
                                         for or has appointed a receiver, trustee, custodian or similar agent appointed by order
                                         of any court of competent jurisdiction to take charge of or sell any material portion
                                         of its property or business;

 

		12.4	In
                                         the event that this Agreement is terminated by the Licensee before the Expiration Date
                                         due to a material breach committed by the Licensor, the Licensor shall return to the
                                         Licensee the Issued Shares on a pro-rata basis.

 

		12.5	Upon
                                         any expiration (save that the Licensee exercises its right to renew this Agreement in
                                         accordance with Clause 12.2) or termination of this Agreement for any reason:

 

		(a)	all
                                         rights and licenses granted to the Licensee under this Agreement shall cease;

 

		(b)	the
                                         Licensee shall cease all activities authorised by this Agreement; and

 

		(c)	the
                                         Licensee shall, within thirty (30) days after any such expiration or termination, destroy
                                         or return to the Licensor all copies of the Licensed Software and the Maintenance Releases
                                         then in its possession, custody or control.

 

		12.6	The
                                         provisions set forth in the following sections, and any other right or obligation of
                                         the parties in this Agreement that, by its nature, should survive termination or expiration
                                         of this Agreement, will survive any expiration or termination of this Agreement: Clauses
                                         9, 10, 11, 12.4, 12.5, 12.6, 13, 14 and 17.

 

    	 	17	 

     

    

 

		13.	Representations
                                         and warranties

 

		13.1	Each
                                         Party represents and warrants to the other Party that:

 

		(a)	it
                                         is a duly organised, validly existing and in good standing as a corporation or other
                                         entity under the Laws of the jurisdiction of its incorporation or other organisation;

 

		(b)	it
                                         has the full right, power and authority to enter into, and to perform its obligations
                                         and grant the rights and licenses it grants or is required to grant under, this Agreement;

 

		(c)	the
                                         execution of this Agreement by its Representative whose signature is set forth at the
                                         end of this Agreement has been duly authorised by all necessary corporate or organisational
                                         action of such Party; and

 

		(d)	when
                                         executed and delivered by both Parties, this Agreement will constitute the legal, valid
                                         and binding obligation of such Party, enforceable against such Party in accordance with
                                         its terms.

 

		13.2	The
                                         Licensor further represents, warrants and covenants to the Licensee that:

 

		(a)	it
                                         has obtained all necessary consents and approvals that are required for the execution,
                                         delivery and performance of this Agreement, and such execution, delivery and performance
                                         of this Agreement will not constitute a default under any agreement to which it is a
                                         party;

 

		(b)	it
                                         is and throughout the Term will remain the sole and exclusive legal and beneficial owner,
                                         and throughout the Term will retain sole and exclusive control (by ownership, license
                                         or otherwise), of the entire right, title and interest in and to the Licensed Software,
                                         the Documentation, the Maintenance Releases, the Licensed Trademarks, the Licensed Domain
                                         Names, and the Licensed Content including all Intellectual Property Rights relating thereto;

 

		(c)	it
                                         has and throughout the Term will retain the unconditional and irrevocable right, power
                                         and authority to grant and perform the licenses under this Agreement;

 

		(d)	the
                                         Licensed Software, the Documentation, the Maintenance Releases, the Licensed Trademarks,
                                         the Licensed Domain Names, the Licensed Content, and the Licensee’s use thereof,
                                         is and throughout the Term will be free and clear of all encumbrances, liens and security
                                         interests of any kind;

 

		(e)	its
                                         grant of the licenses under this Agreement, the Hosting Services, the Support Service,
                                         the Training Services or any other performance by or on behalf of the Licensor under
                                         this Agreement does not or to its knowledge will not at any time:

 

		(i)	conflict
                                         with or violate any applicable Law of Hong Kong;

 

		(ii)	require
                                         the consent, approval or authorisation of any governmental or regulatory authority in
                                         Hong Kong or other third party; or

 

		(iii)	require
                                         the provision of any payment or other consideration to any third party;

 

    	 	18	 

     

    

 

		(f)	it
                                         has not granted and will not at any time during the Term grant any license or other contingent
                                         or non-contingent right, title or interest in the Regions under or relating to the Licensed
                                         Software, the Documentation, the Maintenance Releases, the Licensed Trademarks, the Licensed
                                         Domain Names, and the Licensed Content that does or will conflict with or otherwise affect
                                         this Agreement, including any of the Licensor’s representations, warranties, or
                                         performance or the Licensee’s rights or licenses hereunder;

 

		(g)	when
                                         used by the Licensee or any Authorised User in accordance with this Agreement, the Licensed
                                         Software, the Documentation, the Maintenance Releases, the Licensed Trademarks, the Licensed
                                         Domain Names, and the Licensed Content does not or will not:

 

		(i)	infringe,
                                         misappropriate or otherwise violate any Intellectual Property Rights or other rights
                                         of any third party; or

 

		(ii)	fail
                                         to comply with any applicable Law;

 

		(h)	there
                                         is no settled, pending or to its knowledge threatened litigation, claim or proceeding
                                         (including in the form of any offer to obtain a license):

 

		(i)	alleging
                                         that any use of the Licensed Software, the Documentation, the Maintenance Releases, the
                                         Licensed Trademarks, the Licensed Domain Names, and the Licensed Content in the Regions
                                         does or would infringe, misappropriate or otherwise violate any copyright, trademark,
                                         patent, trade secret or other Intellectual Property Right of any third party;

 

		(ii)	challenging
                                         the Licensor’s ownership of, or right to use or license, any of the Licensed Software,
                                         the Documentation, the Maintenance Releases, the Licensed Trademarks, the Licensed Domain
                                         Names, and the Licensed Content, or alleging any adverse right, title or interest with
                                         respect thereto;

 

		(iii)	alleging
                                         the invalidity, misuse, un-registrability, unenforceability or non-infringement of any
                                         copyrights, trade secret rights or patent rights in the Licensed Software, the Documentation,
                                         the Maintenance Releases, the Licensed Trademarks, the Licensed Domain Names, and/or
                                         the Licensed Content; or

 

		(iv)	alleging
                                         any third-party infringement, misappropriation or violation of any copyrights, trademarks,
                                         trade secrets or patent rights in the Licensed Software, the Documentation, the Maintenance
                                         Releases, the Licensed Trademarks, the Licensed Domain Names, or the Licensed Content,
                                         nor to its knowledge, is any third party infringing, misappropriating or violating, or
                                         preparing or threatening to infringe, misappropriate or violate, any copyrights, trademarks,
                                         trade secrets or patent rights in the Licensed Software, the Documentation, the Maintenance
                                         Releases, the Licensed Trademarks, the Licensed Domain Names, and/or the Licensed Content,
                                         and it has no knowledge after reasonable investigation of any factual, legal or other
                                         reasonable basis for any such litigation, claim or proceeding;

 

    	 	19	 

     

    

 

		(i)	it
                                         has not received any written, oral or other notice of any litigation, claim or proceeding
                                         described in Clause 13.2 (g);

 

		(j)	no
                                         expiration or loss of any patent or application for patent rights in the Licensed Software
                                         is pending, or, to the Licensor’s knowledge after reasonable inquiry, threatened
                                         or reasonably foreseeable, and the Licensor has no reason to believe that any claims
                                         of any such patent or patent application are or will be invalid, unenforceable, fail
                                         to issue, or be materially limited or restricted beyond the current claims, except for
                                         patent rights expiring at the end of their statutory term;

 

		(k)	as
                                         provided by the Licensor, none of the Licensed Software or the Maintenance Releases does
                                         or will at any time during the Term contain any Harmful Code;

 

		(l)	all
                                         Documentation is and will be complete and accurate in all material aspects when provided
                                         to the Licensee such that at no time during the Term will the Licensed Software have
                                         any material undocumented feature;

 

		(m)	it
                                         will perform all Hosting Services, Support Services and Training Services in a timely,
                                         skilful, professional and workmanlike manner in accordance with the best industry standards
                                         and practices for similar services, using personnel with the requisite skill, experience
                                         and qualifications, and will devote adequate resources to meet its obligations under
                                         this Agreement;

 

		(n)	it
                                         understands that the Issued Shares are “restricted securities” and have not
                                         been registered under the Securities Act and is acquiring the Issued Shares as principal
                                         for its own account and not with a view to or for distributing or reselling such Issued
                                         Shares or any part thereof in violation of the Securities Act, has no present intention
                                         of distributing any of such Issued Shares in violation of the Securities Act and has
                                         no direct or indirect arrangement or understandings with any other persons to distribute
                                         or regarding the distribution of such Issued Shares in violation of the Securities Act;

 

		(o)	it
                                         has satisfied itself as to the full observance of the laws of its jurisdiction in connection
                                         with any invitation to subscribe for the Issued Shares, including (i) the legal requirements
                                         within its jurisdiction for the subscription of the Issued Shares, (ii) any foreign exchange
                                         restrictions applicable to such subscription, (iii) any governmental or other consents
                                         that may need to be obtained, and (iv) the income tax and other tax consequences, if
                                         any, that may be relevant to the purchase, holding, redemption, sale, or transfer of
                                         the Issued Shares.

 

		(p)	it
                                         has such knowledge, sophistication and experience in business and financial matters so
                                         as to be capable of evaluating the merits and risks of the prospective investment in
                                         the Issued Shares, and has so evaluated the merits and risks of such investment. The
                                         Licensor is able to bear the economic risk of an investment in the Issued Shares and,
                                         at the present time, is able to afford a complete loss of such investment;

 

		(q)	it
                                         has not subscribed the Issued Shares as a result of any advertisement, articles, notice
                                         or other communication regarding the Issued Shares published in any newspaper, magazine
                                         or similar media or broadcast over television or radio or presented at any seminar or
                                         any other general solicitation or general advertisement.

 

    	 	20	 

     

    

 

		(r)	it
                                         acknowledges that it has been afforded (i) the opportunity to ask such questions as it
                                         has deemed necessary of, and to receive answers from, representatives of SEII concerning
                                         the terms and conditions of the offering of the Issued Shares and the merits and risks
                                         of investing in the Issued Shares; (ii) access to information about SEII and its financial
                                         condition, results of operations, business, properties, management and prospects sufficient
                                         to enable it to evaluate its investment; and (iii) the opportunity to obtain such additional
                                         information that SEII possesses or can acquire without unreasonable effort or expense
                                         that is necessary to make an informed investment decision with respect to the investment.
                                         The Licensor acknowledges and agrees that neither SEII nor any Affiliate of SEII has
                                         provided it with any information or advice with respect to the Issued Shares nor is such
                                         information or advice necessary or desired. Neither SEII nor any Affiliate has made or
                                         makes any representation as to SEII or the quality of the Issued Shares and SEII and
                                         any Affiliate may have acquired non-public information with respect to SEII which the
                                         Licensor agrees need not be provided to it; and

 

		(s)	neither
                                         the Licensor nor any person acting on its behalf has engaged, nor will engage, in any
                                         directed selling efforts to a U.S. Person with respect to the Issued Shares and the Licensor
                                         and any person acting on its behalf has complied and will comply with the “offering
                                         restrictions” requirements of Regulation S. The transactions contemplated by this
                                         Agreement have not been pre-arranged with a buyer located in U.S. or with a U.S. Person,
                                         and are not part of a plan or scheme to evade the registration requirements of the Securities
                                         Act. Neither the Vendor nor any person acting on its behalf has undertaken or carried
                                         out any activity for the purpose of, or that could reasonably be expected to have the
                                         effect of, conditioning the market in U.S., its territories or possessions, for any of
                                         the Issued Shares. The Licensor agrees not to cause any advertisement of the Issued Shares
                                         to be published in any newspaper or periodical or posted in any public place and not
                                         to issue any circular relating to such issue of shares, except such advertisements that
                                         include the statements required by Regulation S, and only offshore and not in the U.S.
                                         or its territories, and only in compliance with any local applicable securities laws.

 

		13.3	The
                                         Licensor represents, warrants and covenants to the Licensee that throughout the Term
                                         (provided that the Licensee or anyone acting with the authority of the Licensee has not
                                         amended the Licensed Software and/or the Maintenance Releases):

 

		(a)	when
                                         used on the Licensee’s Systems (or any successor thereto) in accordance with the
                                         Documentation, all Licensed Software, and Maintenance Releases as provided by the Licensor
                                         in all material aspects will be fully operable, meet all applicable specifications, and
                                         function in all respects, in conformity with this Agreement and the Documentation;

 

		(b)	any
                                         media on which any Licensed Software, Documentation, or Maintenance Releases is delivered
                                         will be free of any damage or defect in all material respects in design, material or
                                         workmanship, and will remain so under ordinary use as contemplated by this Agreement
                                         and, with respect to the Licensed Software, the Documentation; and

 

    	 	21	 

     

    

 

		(c)	no
                                         Maintenance Release when installed by the Licensee in accordance with this Agreement,
                                         will have an adverse effect on the functionality or operability of the Licensed Software
                                         or the Websites.

 

		13.4	If
                                         the Licensor breaches any of the warranties set forth in Clause 13.3, provided that the
                                         Licensee provides all the information that may be necessary to assist the Licensor in
                                         resolving the defect or fault (and provided that such defect or default does not result
                                         from the Licensee or anyone acting with the authority of the Licensee) including a documented
                                         example of any defect or fault or sufficient information to enable the Licensor to re-create
                                         the defect or fault, the Licensor shall upon written notice from the Licensee and at
                                         the Licensor’s sole cost and expense remedy such breach within a commercially reasonable
                                         time by repairing or replacing the Licensed Software and/or the Maintenance Releases
                                         so as the Licensee’s operation of the Websites is not adversely affected. In the
                                         event that the Licensor fails to remedy such breach on a timely basis as abovementioned,
                                         the Licensee shall be entitled to terminate this Agreement immediately by written notice
                                         to the Licensor.

 

		14.	indemnification

 

		14.1	Without
                                         prejudice and in addition to the Licensee’s rights, claims and remedies for a breach
                                         of the Warranties, the Licensor covenants with the Licensee to indemnify and keep indemnified
                                         the Licensee and each of the Licensee’s Affiliates, and their respective officers,
                                         directors, employees, consultants, agents, contractors, permitted successors and permitted
                                         assignees (each of the foregoing, an “Indemnitee”) at all times on
                                         demand against any and all Losses incurred by the Licensee or the Indemnitee as a result
                                         of or in connection with any of the Warranties being untrue, inaccurate, incomplete or
                                         misleading.

 

		14.2	The
                                         Licensor shall defend, indemnify and hold harmless the Licensee and the Indemnitee from
                                         and against any and all Losses incurred by the Licensee or the Indemnitee arising out
                                         of or relating to any claim, suit, action or proceeding (each of the foregoing, an “Action”)
                                         by a third party to the extent that such Losses are alleged to arise out of or result
                                         from (a) the Licensor’s entering into or execution of this Agreement; or (b) the
                                         Licensor’s failure to comply with its obligation under Clause 10 (INTELLECTUAL
                                         PROPERTY RIGHTS) or Clause 11 (CONFIDENTIALITY). The Licensee shall promptly notifies
                                         the Licensor in writing of such Action and the Licensor is permitted to control fully
                                         the defense and any settlement of such Action as long as such settlement shall not include
                                         a financial obligation on the Licensee. The Licensee may participate in and observe the
                                         proceedings at its own cost and expense with counsel of its own choosing.

 

    	 	22	 

     

    

 

		15.	notices

 

		15.1	Any
                                         notice given by a Party in connection with this Agreement shall be in writing and deemed
                                         given at the time of actual delivery if delivered by hand, at the time of delivery if
                                         delivered by electronic means with proof of delivery, or two days after posting (if sent
                                         by registered post within Hong Kong) or seven days after posting (if sent from Hong Kong
                                         to an address outside Hong Kong or vice versa), subject to proof of posting.

 

		15.2	Unless
                                         otherwise specified in writing by the receiving party in accordance with this Clause
                                         15, all notices in connection with this Agreement must be addressed and sent to:

 

	 	Ecrent
    Capital Holdings Limited	 
	 	address:	Cornwall
    Centre, 85 Castle Peak Road, Coffee Bay, Tuen Mun, N.T., Hong Kong
	 	for
    the attention of:	Mr
    Chan Tin Chi
	 	email:	tc@ecrent.com
	 	 	 
	 	Sharing
    Economy Investment Limited	 
	 	address:	Units
    315-6, 3/F, Building 12W, Hong Kong Science Park, Shatin, N.T., Hong Kong
	 	for
    the attention of:	Mr
Parkson Yip
	 	email:	parkson.yip@seii.com

 

		15.3	Nothing
                                         in this Clause 15 shall preclude the service of documents or the proof of such service
                                         by any other mode permitted by law.

 

    	 	23	 

     

    

 

		16.	force
                                         majeure

 

		16.1	In
                                         no event will either Party be liable or responsible to the other Party, or be deemed
                                         to have defaulted under or breached this Agreement, for any failure or delay in fulfilling
                                         or performing any term of this Agreement when and to the extent such failure or delay
                                         is caused by any of the following circumstances beyond such Party’s reasonable
                                         control (each a “Force Majeure Event”) including: acts of God, flood,
                                         fire, earthquake or explosion, war, terrorism, invasion, riot or other civil unrest,
                                         embargoes or blockades in effect on or after the Effective Date, notional or regional
                                         emergency, strikes, labour stoppages or slowdowns or other industrial disturbances, passage
                                         of Law or any action taken by a governmental or public authority, including imposing
                                         an embargo, export or import restriction, quota or other restriction or prohibition or
                                         any complete or partial government shutdown, or national or regional shortage of adequate
                                         power or telecommunications or transportation. The Licensee may terminate this Agreement
                                         if a Force Majeure Event affecting the Licensor continues substantially uninterrupted
                                         for a period of thirty (30) days or more.

 

		16.2	In
                                         the event of any failure or delay caused by a Force Majeure Event, the affected Party
                                         shall give prompt notice to the other Party, stating the period of the time the occurrence
                                         is expected to continue and use diligent efforts to end the failure or delay and minimise
                                         the effects of such Force Majeure Event.

 

		17.	miscellaneous

 

		17.1	No
                                         amendment or variation of or supplement to this Agreement shall be valid unless it is
                                         in writing and signed by or on behalf of each of the Parties.

 

		17.2	Save
                                         as agreed in writing by all Parties, the rights and/or benefits of any Party under this
                                         Agreement may not be assigned or transferred to, or become the subject of any encumbrance
                                         in favour of, any third party and no Party shall transfer, or attempt to transfer, any
                                         of its duties or liabilities hereunder to any third party.

 

		17.3	The
                                         Parties agree that they are independent contractors and will always represent themselves
                                         to any third parties only as an independent contractor. The Parties are not, and nothing
                                         in this Agreement shall be interpreted that the Parties are, partners, joint venturers,
                                         co-owners, Affiliate of each other, or otherwise participants in a joint or common undertaking.

 

    	 	24	 

     

    

 

		17.4	If
                                         at any time any one or more of the provisions of this Agreement is or becomes illegal,
                                         invalid or unenforceable in any respect under the laws of any jurisdiction, the remaining
                                         provisions of this Agreement shall continue in full force and effect as if the illegal,
                                         invalid or unenforceable provision were omitted herefrom. The illegal, invalid or unenforceable
                                         provision shall be deemed to be substituted by a suitable and equitable provision which,
                                         to the extent legally permissible, comes as close as possible to the intent and purpose
                                         of the invalid or unenforceable provision.

 

		17.5	No
                                         failure to exercise and no delay in exercising any right, power, remedy or privilege
                                         arising hereunder shall operate as a waiver thereof, nor shall any single or partial
                                         exercise of any such right, power, remedy or privilege preclude any other or further
                                         exercise thereof or the exercise of any other right, power, remedy or privilege. Without
                                         limiting the foregoing, no waiver by any Party of any breach of any provision hereof
                                         shall be deemed to be a waiver of any subsequent breach of that or any other provision
                                         hereof.

 

		17.6	This
                                         Agreement shall be governed by, and construed in all respects in accordance with, the
                                         laws of Hong Kong.

 

		17.7	Except
                                         as expressly set forth in this Agreement, the application of the Contracts (Rights of
                                         Third Parties) Ordinance is expressly excluded and the terms of this Agreement are not
                                         intended to confer any rights or remedies upon, and shall not be enforceable by, any
                                         person other than the Parties.

 

		17.8	Except
                                         for any dispute concerning, arising out of or in connection with any Month End Report
                                         or the amount to be transferred to the Licensee for any given Reported Month which shall
                                         be determined in accordance with Clause 9.7, any other dispute concerning, arising out
                                         of or in connection with this Agreement shall be referred to the representative of each
                                         of the Parties as named in Clause 15.2 (or notified by any of the Parties to the other
                                         in writing) for discussion in good faith with a view to resolving such dispute. If such
                                         dispute cannot be resolved within thirty (30) days after commencement of such discussion,
                                         it shall be finally settled under the Rules of Arbitration of the International Chamber
                                         of Commerce by three arbitrators appointed in accordance with such Rules. The place of
                                         arbitration shall be Hong Kong and the language of arbitration shall be English.

 

		17.9	This
                                         Agreement constitutes the entire agreement between the Parties relating to the subject
                                         matter hereof and supersedes all prior agreements or undertakings oral or written.

 

		17.10	This
                                         Agreement may be executed in counterparts, each of which is deemed an original, but all
                                         of which together are deemed to be one and the same agreement. A signed copy of this
                                         Agreement delivered by facsimile, e-mail or other means of electronic transmission is
                                         deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

 

    	 	25	 

     

    

 

Schedules:

 

Schedule
1: Regions

 

Schedule
2: Licensed Software

 

Schedule
3: Licensed Domain Names

 

Schedule
4: Licensed Trademarks

 

    	 	26	 

     

    

 

IN
WITNESS whereof this Agreement has been executed on the day and year first above written.

 

	SIGNED BY	TIN CHI CHAN	)
	 	 	 
	for and on behalf of	)
	 	 
	Ecrent Capital Holdings Limited	)
	 	 	 
	SIGNED BY	PING KEE LAU	)
	 	 	 
	for and on behalf of	)
	 	 
	Sharing Economy Investment Limited	)

 

    	 	27	 

     

    

 

SCHEDULE
1

 

Regions

 

United
Kingdom, Germany, France, Poland, Switzerland, Netherlands, Denmark, Russia, Italy, Spain, Portugal, Greece

 

    	 	1	 

     

    

 

SCHEDULE
2

 

Licensed
Software

 

		1.	The
website http://www.ecrent.com

 

		2.	Apple
IOS ECrent mobile application

 

		3.	Android
ECrent mobile application

 

    	 	2	 

     

    

 

SCHEDULE
3

 

Licensed
Domain Names

 

http://www.ecrent.com

 

    	 	3	 

     

    

 

SCHEDULE
4

 

Licensed
Trademarks

 

	Trademark	 	Country/Region
    of

Registration	 	Registration

Number	 	Status
	 	 	 	 	 	 	 
		 	The
    People’s Republic of China	 	14223429	 	Registered
	 	 	 	 	 	 	 
		 	The
    People’s Republic of China	 	14223415	 	Registered
	 	 	 	 	 	 	 
		 	The
    People’s Republic of China	 	14223445	 	Registered
	 	 	 	 	 	 	 
		 	U.S.	 	4787366	 	Registered
	 	 	 	 	 	 	 
		 	Europe	 	013218871	 	Registered
	 	 	 	 	 	 	 
		 	Australia	 	1644832	 	Registered
	 	 	 	 	 	 	 
		 	Hong
    Kong	 	302942596	 	Registered
	 	 	 	 	 	 	 
	ECRENT	 	Unregistered
    (rights based on common law usage)

 

    	 	4Exhibit 10.1

 

	 

         

         

        August 8, 2018

         

         

        Capital Increment Agreement

         

        on Guochuang (Shenzhen) Investment
        Co., Ltd

         

         

         

        by and between

         

         

         

         

         

         

        Mi Yufeng

         

        Feng Ruicong

         

        Wang Jingbei

         

        and

         

        Beijing AnGaoMeng Technology Service
        Co., Ltd

         

         

         

         

         

         

 

     

     

    

 

Contents

 

	1.	Definitions and Interpretation	4
	2.	Prerequisite	5
	3.	Capital Increase Fund and Share Structure upon Completion of the Transaction	6
	4.	Deal Close	6
	5.	Representations and Warranties	6
	6.	Transitional Period Arrangement	7
	7.	Corporate Governance	8
	8.	Term and Termination	9
	9.	Indemnification	9
	10.	Statement and Confidentiality	10
	11.	Applicable Law, Jurisdiction and Dispute Resolution	10
	12.	Miscellaneous Provisions	11

 

    	 	2	 

     

    

 

Capital Increment Agreement

 

This Capital Increment Agreement on Guochuang
(Shenzhen) Investment Co., Ltd (“this Agreement” or “Agreement”) is made in Beijing, China on this day
of August 8, 2018 by and between the following Parties:

 

The Parties hereto

 

		(1)	Guochuang (Shenzhen) Investment Co.,
                                         Ltd is an entity established and existing under the laws of China, with its registered
                                         address at Room 201 Tower A, 1 Qian Wan Yi Lu, Qianhai Shenzhen-Hong Kong Cooperation
                                         Zone, Nanshan District, Shenzhen, Guangdong (Shenzhen Qianhai Business Secretary Co.,
                                         Ltd.) and business address at Room 5206, Tower A, KK100, Shen Nan East Road, Hui Yuan
                                         Street, Luohu District, Shenzhen, and the legal representative is Mi Yufeng (“Target
                                         Company”). The Target Company holds Private Investment Fund Manager Registration
                                         Certificate with Registration Number of P1067478issued by Asset Management Association
                                         of China;

 

		(2)	Beijing AnGaoMeng Technology Service
                                         Co., Ltd is an entity established and existing under the laws of China, with its registered
                                         address at Room 2602, Floor 26, Tower 3, Compound 4, Guanghua Road, Chaoyang District,
                                         Beijing, and the legal representative is Tang Wenjie (“Investment Company”);

 

		(3)	Mi Yufeng, a Chinese citizen,
                                         ID number is 140102197610186510, with its domicile address at Room 602, No. 7, Nong 100,
                                         Yushan Road, Pudong New Area, Shanghai;

 

		(4)	Feng Ruicong, a Chinese citizen,
                                         ID number is 14220219760311011X, with its domicile address at Fenda Industry Co., Ltd,
                                         Xi Xiang San Wei, Baoan District, Shenzhen, Guangdong; and

 

		(5)	Wang Jingbei, a Chinese citizen,
                                         ID number is 610404197310131018, with its domicile address at No. 1, Zhi Xiao Yuan Nei,
                                         Wang Shi Ao Xi Er Xiao Qu, Xintai District, Tongchuan, Shaanxi.

 

The Target Company, Mi Yufeng, Feng Ruicong,
Wang Jingbei and the Investment Company shall hereinafter be referred to collectively as the “Parties” and individually
as a “Party”; of which Mi Yufeng, Feng Ruicong and Wang Jingbei shall be collectively referred to as “Original
Shareholders of the Target Company”.

Whereas

 

		(A)	The Target Company is a limited
                                         liability company with private investment fund as its main business and registered capital
                                         of RMB10,000,000. On the date of signing this Agreement, the original shareholders of
                                         the Target Company totally hold 100%  equity of the Target Company, and their respective
                                         paid-in capital amount and shareholding ratio are as follows:

 

	Name	 	Subscribed capital contributions 
(RMB: Then
    Thousand)	 	 	Actual capital contributions 
(RMB: Then Thousand)	 	 	Shareholding

 Ratio(%)	 
	Mi Yufeng	 	 	400	 	 	 	100	 	 	 	40	%
	Feng Ruicong	 	 	300	 	 	 	75	 	 	 	30	%
	Wang Jingbei	 	 	300	 	 	 	75	 	 	 	30	%
	Total	 	 	1000	 	 	 	250	 	 	 	100	%

 

		(B)	Investment Company, Target Company
                                         and Original shareholders of the Target Company agree to the investment made by the Investment
                                         Company in the form of subscribing RMB2,500,000 of new registered capital of the Target
                                         Company in accordance with the terms and conditions of this Agreement (“Proposed
                                         Transaction”/ “this Agreement”). Upon the completion of the proposed
                                         transaction, the registered capital of the Target Company shall be increased to RMB12.5
                                         million, and the Parties hereto shall hold the equity of the Target Company as agreed
                                         proportion (refer to Definitions and Interpretation), of which the Investment Company
                                         shall hold 20% equity of the Target Company.

  

		(C)	After consultations conducted
                                         in accordance with principles of equity, the Parties have agreed to conclude this Agreement.

  

    	 	3	 

     

    

 

Agreement

 

		1.	Definitions
                                         and interpretation

 

Unless the terms of this Agreement otherwise
provide, the following terms shall have the meanings set out below:

 

“Increment Fund” means
RMB2,500,000 that the Investment Company shall pay to the Target Company.

 

“Completion of Proposed Transaction”/“Completion
of this Transaction” means the date on which Investment Company, in accordance with this Agreement, pay the increment
fund to the bank account designated by the Target Company as provided by Section 3.

 

“Affiliate” means any
individual or entity which, directly or indirectly, is controlled by, under common control with, or in control of, other individual
or entity.

 

“Agreed Proportion” means
the proportion of each shareholder’s equity in the total registered capital of the Target Company upon the completion of this
Transaction as mentioned in Section 7.2(c) hereof.

 

“Articles of Association”
means the Articles of Association of the Target Company and the amendments, restatements, supplements or other amendments
to the Articles of Association from time to time.

 

“Board of Directors” means
the Board of Directors of the Target Company set up in accordance with Section 7 of this Agreement.

 

“Working Day” means
any day on which the banks in China are generally open for business except a Saturday or Sunday.

 

“Business Plan” means
the business plan prepared annually by the Target Company for its next (or specific) financial year and shall include at least
the capital payment budget, operating budget, financing/loan plan for the next (or specific) financial year.

 

“Company Law” means the
Company Law of the People’s Republic of China.

“Deal Close” means
all matters that require delivery in accordance with Article 4.

 

“Deal Close Date” means
the date of Deal Close.

 

“Control” means

 

(i) (either directly or indirectly,
whether through equity holdings, right to vote, contract engagement or otherwise) shall have the right to appoint and/or dismiss
an entity’s board of directors or the majority of members in other authority that are eligible to vote on all or most of the matters,
or by other ways to control the policy and affairs of such entity and or has the right to control; and/or

 

(ii) holds shares or other
securities of any entity, and/or enjoy the beneficial right and/or have the right to exercise the voting right of such shares
or securities, and the holder is granted the right to vote in the general assembly of such entity for all or most matters with
more than 50% of the total voting right.

 

“Director” means all
directors of the Target Company.

 

    	 	4	 

     

    

 

“Disposition” means
sale, assignment, distribution, establishment of a trust or option on any assets, or transfer of voting rights attached to the
assets, or pledge, mortgage or otherwise encumber the ownership or beneficial right of the assets.

 

“Encumbrance” means
any mortgage, pledge, option, right of first refusal or any other kind of security interest or claim against a proprietary right,
or any other similar preferential routing (including but not limited to transfer of ownership or reserves the rights to arrange),
and any agreement or obligation to establish and grant the above rights and interests.

 

“Person or entity”
means any natural person, partnership or limited partnership, enterprise, association, joint stock company, trust, limited liability
company, joint venture, unincorporated organization or government agency (or its department, agency or sub-branch).

 

“China” means the People’s
Republic of China and shall not include Hong Kong, Macao or Taiwan for the purposes of this Agreement.

 

“Shareholders” mean
Mi Yufeng, Feng Ruicong, Wang Jingbei and the Investment Company (as long as they hold any equity respectively), and any other
persons who hold equity from time to time as a result of the transfer;

 

“Equity”
means the stock right in the registered capital of the Target Company.

 

		2.	PREREQUISITE

 

		2.1	Unless
                                         exempted under Section 2.2, the deal close shall be dependent on each of the following
                                         prerequisite:

 

		(a)	The Investment Company is satisfied
                                         with the due diligence results of the Target Company;

		(b)	The board of shareholders and
                                         the board of directors of the Target Company at a legally convened meeting approve this
                                         Transaction and agree to sign this Agreement;

		(c)	A new business license of the
                                         Target Company issued by the business registration authority to certify that the proposed
                                         transaction has been completed;

		(d)	The Articles of Association
                                         between the Investment Company and the Original Shareholders of the Target Company has
                                         been ready and duly signed;

		(e)	The Target Company has fulfilled
                                         its duty of reporting major changes to Asset Management Association of China;

		(f)	The Target Company has provided
                                         the Investment Company with its designated bank account information and the Investment
                                         Company shall pay capital increase funds pursuant to Section 3;

		(g)	As of the deal close date,
                                         all representations and warranties should be true, accurate and complete;

		(h)	Neither party hereto constitutes
                                         a material breach of this Agreement.

 

		2.2	This
                                         Agreement shall cease to be effective immediately if any prerequisite set forth in Section
                                         2.1 is not met or waived within 90 working days from the date of execution hereof.

 

The Investment Company may
waive any or all prerequisite set forth in Section 2.1 at any time prior to the date specified in Section 2.2 by giving written
notice to the Target Company.

 

		2.3	The
                                         parties hereto shall fully cooperate and take all necessary measures to ensure that the
                                         prerequisite set forth in Section 2.1 hereof is met.

 

    	 	5	 

     

    

 

		3.	Capital
                                         increase fund and share structure upon completion of the transaction

 

Unless otherwise agreed herein, the Investment
Company shall transfer the capital increase of RMB 2.5 million to the bank account designated by the Target Company within 15
working days from the signing this Agreement,.

 

Upon the completion of the transaction,
each shareholder’s equity in Target Company is as follows:

 

	Name	 	Subscribed capital contributions 
(RMB: Then Thousand)	 	 	Actual capital contributions 
(RMB: Then Thousand)	 	 	Shareholding

 Ratio(%)	 
	Mi Yufeng	 	 	400	 	 	 	100	 	 	 	32	%
	Feng Ruicong	 	 	300	 	 	 	75	 	 	 	24	%
	Wang Jingbei	 	 	300	 	 	 	75	 	 	 	24	%
	Beijing AnGaoMeng Technology Service Co., Ltd	 	 	250	 	 	 	250	 	 	 	20	%
	Total	 	 	1250	 	 	 	500	 	 	 	100	%

  

		4.	Deal
                                         Close

 

		4.1	The
                                         deal close shall take place at deal close date subject to Section 2 hereof and shall
                                         take effect at 24:00 Beijing Time. 

 

		4.2	Deal
                                         close date means the date on which the Target Company and its Original Shareholders offer
                                         the Investment Company proof that all prerequisites listed in Section 2.1 have been met
                                         or waived pursuant to Section 2.2 as required by the investment company. The Original
                                         Shareholders of the Target Company shall urge the Target Company to provide the Investment
                                         Company with the following documents on or prior to the deal close date:

 

		(a)	The Target Company shall provide
                                         the Investment Company with the official resolution which approves (I) this transaction;(ii)
                                         the amended Articles of Association related to this Transaction;(iii) sign this Agreement
                                         and relevant transaction documents;

 

		(b)	The Target Company shall provide
                                         the Investment Company with the original signed version of the Articles of Association
                                         specified in Section 2.1(I) and the original copy of the business license; and

 

		(c)	The Target Company shall offer
                                         other documents or perform obligations reasonably requested by the Investment Company
                                         for the purposes of this Transaction hereunder.

 

		5.	Representations
                                         and Warranties

 

		5.1	Each
                                         Party shall warrants to the other Parties that all obligations, warranties and representations
                                         are true and effective from the date of execution of this Agreement. 

 

		5.2	Each
                                         Party shall warrant that:

 

		(a)	it
                                         has the right, power and authorization to sign and deliver of this Agreement; 

 

		(b)	it
                                         has obtained all the consents necessary for the execution of this Agreement and has fulfilled
                                         all the procedures required for the execution of this Agreement;

 

		(c)	all
                                         necessary actions for the execution and performance of this Agreement have been duly
                                         authorized, and this Agreement remains valid, binding and enforceable; and 

 

		(d)	all
                                         documents and information provided for the purpose of this Agreement are lawful, valid
                                         and complete, and have no conflict with applicable laws and regulations; 

 

    	 	6	 

     

    

 

		5.3	Warranties
                                         shall be made on the date of execution of this Agreement, and be deemed to be restated
                                         on the deal close date, and any reference to the date of execution (whether expressed
                                         or implied) of this Agreement in connection with any warranties shall be construed as
                                         a reference to the deal close date.

 

		5.4	In
                                         case the Target Company and its Original Shareholders are informed that they are liable
                                         for any indemnifies or that they violated or may violate any guarantee any promise or
                                         warranty, the Target Company and its Original Shareholders shall:

 

		(a)	inform the Investment Company
                                         of the details to enable it to make an accurate assessment of the above situation; and

 

		(b)	make reasonable efforts to prevent
                                         or remedy the informed events as required by the Investment Company.

 

		5.5	Each
                                         party shall be liable for its own conduct and warrants to the other Parties:

 

		(a)	perform and comply with all the
                                         terms of this Agreement in the spirit of mutual assistance and trust, and urge its appointed
                                         directors to perform and comply with all the terms of this Agreement;

 

		(b)	the Target Company shall diligently
                                         perform and comply with its obligations hereunder;

 

		(c)	take all necessary measures for
                                         its part to fully implement the terms of this Agreement;

 

		(d)	exercise and urge, without prejudice
                                         to the universality of the foregoing provisions, each person acting on his or her behalf
                                         at the time to exercise or abstain from exercising any voting right or any other right
                                         at any shareholder meeting or board meeting, and any other rights or control to ensure
                                         or facilitate the pass of all resolutions bellow:

 

		(i)	matters
                                         performed by the Target Company pursuant to this Agreement; and 

 

		(ii)	matters
                                         for the full realization of the terms of this Agreement.

 

		(e)	not to make or approve any transaction
                                         that would prevent or obstruct the performance and compliance of this Agreement with
                                         respect to the equity owned or controlled at the time;

 

		(f)	Unless otherwise agreed in writing
                                         by the Investment Company, the Target Company shall guarantee that it will take all reasonable
                                         measures to enforce all of its rights hereunder.

 

		5.6	Each
                                         warranty and representation is independent and shall not be restricted by reference to
                                         any other representations and warranties of this Agreement or other contents unless specifically
                                         agreed.

 

		6.	Transitional
                                         period arrangement

 

		6.1	Normal
                                         Operation

 

The Original Shareholders of the Target
Company shall guarantee and urge the Target Company to operate the business as usual, from the date of signing this Agreement
to the date of deal close, and the Original Shareholders further warranty and promise that all warranties and representations
in this Agreement to the date of deal close remain true, complete, accurate and without misrepresentation.

 

    	 	7	 

     

    

 

		6.2	Prohibited
                                         Actions

 

The Parties agree that, from the signing
date of this Agreement to the deal close date, the Target Company shall not perform the following acts without prior written consent
of the Investment Company:

 

		(a)	any changes or amendments to the
                                         articles of association except as agreed herein;

 

		(b)	change the scope of business or
                                         engage in new business activities that beyond the existing scope of business;

 

		(c)	any acquisition, merger, bankruptcy
                                         or liquidation of the Target Company;

 

		(d)	disposal or increase equity/registered
                                         capital, except as agreed herein;

 

		(e)	transfer any material assets;

 

		(f)	dispose any copyright, patent,
                                         trademark, proprietary technology or any other intangible assets;

 

		(g)	terminate any license for any
                                         intellectual property to any person or entity, or filing any claim with respect to any
                                         intellectual property;

 

		(h)	acquire any company or establish
                                         any new company with others or entities;

 

		(i)	provide any guarantee to any other
                                         person or entity;

 

		(j)	enter into any debt repayment
                                         agreement or settlement, or make any other similar arrangement;

 

		(k)	sign, significantly revise or
                                         change, or terminate any contract that consideration exceed the approved amount;

 

		(l)	propose to or allot any profit;

 

		(m)	any material changes to tax or
                                         accounting policies other than those made in accordance with general Chinese accounting
                                         standards or applicable Chinese laws.

 

		(n)	pass any resolution of shareholder
                                         meeting or board resolution except as agreed herein;

 

		(o)	sign any contract or make any
                                         undertakings in connection with any of the foregoing matters.

 

		7.	CORPORATE
                                         GOVERNANCE

 

The Original Shareholders of the Target
Company and the Investment Company hereby agree that, unless otherwise agreed herein, as long as the Investment Company holds
any equity of the Target Company, the corporate governance of the Target Company shall always follow the following provisions.
The parties agree that the Target Company shall be governed in accordance with the provisions of this Agreement and the Article
of Association.

 

		7.1	Shareholders
                                         and Board of Shareholders

 

		(a)	The
                                         board of shareholders shall be the highest authority of the Target Company. The shareholder
                                         meeting is composed of regular meetings and interim meetings. Regular meetings should
                                         be held once a year.

 

    	 	8	 

     

    

 

		(b)	The
                                         Shareholders and the Target Company shall facilitate that regular meetings held regularly.
                                         Unless otherwise provided in Company Law, the rules of procedure and voting procedure
                                         shall be prescribed by the shareholders agreement and the Articles of Association.

 

		(c)	The
                                         shareholders shall exercise their voting rights at the shareholder meeting in accordance
                                         with their equity ratio in the Target Company. The Investment Company shall have the
                                         same rights and obligations as the Original Shareholders in proportion upon the capital
                                         increment is completed.

 

		(d)	The
                                         Original Shareholder of the Target Company shall (I) make its best efforts in the future
                                         to grant all other general minority shareholder rights reasonably requested by the Investment
                                         Company and consistent with the rights in the Articles of Association, and (ii) take
                                         all necessary or appropriate actions to reflect these rights in the documents jointly
                                         decided by the Parties.

 

		8.	Term
                                         and termination

 

		8.1	Term

 

The term of this Agreement shall commence
from the date of signing and terminate for any legal reasons or other provisions of this Agreement.

 

		8.2	Termination

 

		(a)	In the following situations:

 

		(i)	this Agreement shall be terminated
                                         if all equity held by the Investment Company in the Target Company has been transferred
                                         to a third party in accordance with the terms of this Agreement;

		(ii)	this Agreement shall be terminated
                                         for each shareholder, if their equity in the Target Company has been transferred in accordance
                                         with the terms of this Agreement;

		(iii)	in the event that breaching
                                         party materially breaches its representations, warranties and commitments hereunder,
                                         or the breaching party fails to remedy such breach within thirty (30) days after receiving
                                         the notice of default from the non-breaching party, then the non-breaching party shall
                                         have the right to terminate this Agreement;

		(iv)	in the event any shareholder
                                         incurs bankruptcy, liquidation or dissolution, termination of operations or failure to
                                         pay off debts, other shareholders shall have the right to terminate this Agreement;

		(v)	this Agreement shall be terminated
                                         in the event of liquidation or compulsory liquidation of the Target Company (except for
                                         the purpose of reorganization or merger);or

		(vi)	this Agreement shall be terminated
                                         upon the agreement reached by the shareholders in writing.

 

		(b)	The termination of this Agreement
                                         for whatever reason shall not affect the rights, obligations and liabilities of any party
                                         that have occurred prior to termination and the provisions of this Agreement which are
                                         not affected by the termination shall survive.

 

		9.	indemnification

 

		9.1	Indemnity

 

		(a)	Either
                                         party shall indemnify the other party for any claim, lawsuit, liability, expense or expense
                                         arising from or in connection with its breach of its obligations hereunder or its breach
                                         of its representations, warranties and commitments hereunder, and hold the other Party
                                         from damage (” Indemnity “).

 

    	 	9	 

     

    

 

		(b)	Except
                                         as agreed above, the Target Company and its Original Shareholders agree to assume liability
                                         to indemnify the Investment Company from any loss, damage and fee, including but not
                                         limited to any expense/damage/cost occurred due to any claim, dispute, investigation
                                         and default. 

 

		9.2	Each
                                         liability for damage shall be separate and shall not be limited by reference to any other
                                         liability for damage hereof or other content unless specifically agreed.

 

		10.	statement
                                         and confidentiality

 

		10.1	Statement

 

Neither party shall make or publish any
public statement or communication in any form with respect to the contents of this Agreement and this Transaction, unless:

 

		(a)	obtain the prior written consent
                                         of the other Party, and such consent shall not be unreasonably withheld or delayed; or

 

		(b)	any Party that required to issue
                                         or make a statement or communication shall, to the extent possible, first consult the
                                         other Party (and provide a reasonable amount of information and time) and take into account
                                         the reasonable request of the other Party to issue or make a statement or communication
                                         within the scope of the legal and regulatory requirements.

 

		10.2	Confidentiality

 

Each
party shall keep the confidential information confidential and shall not, directly or indirectly, disclose or permit to make any
disclosure or use of oral or written information relating to the other Parties (including any aspects of the business, customer
or intellectual property of the other party) or this Agreement or the existence or content of this Transaction (” Confidential
Information “) unless:

 

		(a)	disclose
                                         in accordance with laws and regulations after notifying the other parties (and a reasonable
                                         amount of information and time has been provided) and taking into account reasonable
                                         requirements of other Parties;

 

		(b)	for
                                         the purpose of obtaining the benefits of this Agreement or performing the obligations
                                         hereunder to disclose, the disclosing party shall inform its employees or consultants
                                         confidential information is confidential, and shall make every reasonable effort to promote
                                         its employees or consultants keep the confidential information confidential, and shall
                                         indemnify the other Party (as the case may be) from all costs, claims, suits, losses
                                         and responsibility due to any unauthorized disclosure or use of confidential information;
                                         or

 

		(c)	the
                                         information exist in or enter the public domain other than either party’s breach of legal
                                         or confidentiality obligations under this Agreement.

 

Upon the request of either Party, the
other Party shall at any time return to the confidential information (in whatever form) in its possession.

 

		10.3	Upon
                                         termination of this Agreement, the terms and limitations contained in this Section 10
                                         shall remain in effect.

 

		11.	Applicable
                                         law, jurisdiction and dispute resolution

 

		11.1	This
                                         Agreement shall be governed by and construed in accordance with the laws of China.

 

    	 	10	 

     

    

 

		11.2	Any
                                         dispute and controversy arising from or in connection with this Agreement shall be settled
                                         by both parties through negotiation. If any dispute is not resolved through negotiation,
                                         either Party may submit it to Beijing Arbitration Commission for arbitration in accordance
                                         with the arbitration rules of Beijing Arbitration Commission in effect. The arbitration
                                         shall be final. In the pending dispute, the Parties shall continue to perform the provisions
                                         that are not in dispute.

 

		12.	Miscellaneous
                                         provisions

 

		12.1	Effectiveness

 

This Agreement shall come into force upon
being duly signed by the Parties.

 

		12.2	Continuity

 

The rights and obligations hereunder shall
survive termination of this Agreement unless to a certain extent that such rights and obligations have been fully performed or
otherwise provided for in this Agreement.

 

		12.3	Severability

 

If any provision of this Agreement is
deemed to be invalid or unenforceable in whole or in part due to the enactment and provision of any law, the invalidity of such
provision shall not affect the validity of any other provision of this Agreement

 

		12.4	Waiver

 

Either Party’s failure to exercise
or delay in exercising any right, power or privilege under this Agreement shall not operate as a waiver thereof, and any single
or partial exercise of any right, power or privilege shall not preclude the exercise of any other right, power or privilege.

 

		12.5	Amendment

 

This Agreement shall not be changed verbally,
but only by a written instrument signed by the Parties.

 

		12.6	Inheritance
                                         and Assignment

 

This Agreement is binding upon the successors
of either Party. This Agreement may not be assigned by any Party without the prior written consent of the other Party hereto.

 

		12.7	Entire
                                         Agreement

 

This Agreement and annexes hereto shall
constitute the entire agreement between the Parties hereto and shall supersede all prior discussions, negotiations and agreements
between them. The terms of this Agreement shall apply to the annexes unless otherwise provided in the annexes.

 

		12.8	Annexes

 

All Annexes hereto are made an integral
part of this Agreement.

 

		12.9	Duplicate
                                         and Language

 

This Agreement is executed in the Chinese
language and may be executed in one or more counterparts, each of which shall be deemed an original but both of which together
shall constitute one and the same instrument.

 

		12.10	Headings

 

The headings used in this Agreement are
for convenience only and shall not be used to interpret the terms of this Agreement or otherwise affect the meaning of the terms
of this Agreement.

 

[Blank Below]

 

    	 	11	 

     

    

 

(Signature Page)

 

In witness whereof, each Parties hereto
has caused this Agreement to be executed on the date first set forth above.

 

	Guochuang (Shenzhen) Investment Co., Ltd.	 
	 	 
	Authorized Representative:	 
	 	 	 
	By:	             	 
	Name:	 	 
	Address: 	 	 
	Title:	 	 

 

    	 	12	 

     

    

 

(Signature
Page)

 

	Beijing AnGaoMeng Technology Service Co., Ltd	 
	 	 
	Authorized Representative:	 
	 	 	 
	By: 	                 	 
	Name:	 	 
	Address: 	 	 
	Title:	 	 

 

    	 	13	 

     

    

 

	(Signature Page)	 
	 	 	 
	Mi Yufeng	 
	 	 	 
	 	 	 
	 	 	 
	Feng Ruicong	 
	 	 	 
	 	 	 
	 	 	 
	Wang Jingbei	 
	 	 	 
	 	 	 

 

    	 	14

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