Document:

Exhibit 10.7

 

Form
of OEM Cooperation Agreement

 

Agreement
Number: 【】

 

This
OEM Cooperation Agreement (this “Agreement”) is entered into on 【 】 by and between the following Parties:

 

Party
A:

 

Add.:

Tel:

Fax:

 

Party
B: Rider Sports Fashion Limited

 

Add.:
Room 507, Unit 3, No.69 Beichen West Road, Chaoyang District, Beijing

Tel:
+86-10-5877 2070

Fax:
+86-10-5877 3378

 

Whereas,

 

1.
Party A and Party B are both focusing on designing, manufacturing and selling cycling apparel and other related products;

 

2.
Both Parties agree that Party A shall sell the products by OEM. Meanwhile, Party B shall manufacture and provide the products
by OEM. The brand of the products are designated and authorized by Party A.

 

THEREFORE,
the Parties, through amicable negotiation, agree as follows:

 

Article
1 Definition and Interpretations.

 

Unless
otherwise indicated in the context, in this Agreement, the following terms shall be interpreted as follows.

 

1.
“Products” means all the products related to rider sports apparel which are designed, manufactured and provided by
Party B, as required by Party A.

 

     

     

    

 

2.
“OEM” means a cooperation model, under which, as required by Party A, Party B shall manufacture and provide products
(whose brand is designated and authorized by Party A) to Party B.

 

3.
“OEM Order” means an order from Party A to Party B set forth in email, which contains purchase details, including
but not limited to name of the products, size quantities, price and total amount.

 

Article
2 Trademark

 

1.
Party A grants Party B the right to use Party A’s trademarks on the products.

 

2.
Party B shall use the trademark provided by Party A in the scope and ways approved by both parties. Party B shall not violate
Party A’s legal rights on its trademarks.

 

3.
Party A represents and warrants that the trademarks do not infringe any admissible intellectual property right of any third party.
Otherwise, Party A shall indemnify Party B’s loss and damage resulting from such infringement (including but not limited
to direct economic losses and attorney fee).

 

4.
Party A shall provide Party B with the corresponding trademark documents and other relevant design. The cost of printing the trademark
on the Products shall be assumed by Party B.

 

Article
3 Quality Standards of the products

 

1.
In order to ensure the product quality, both parties agree that Party B shall manufacture one sample after the order is confirmed
by both parties. Upon Party A’s confirmation about the appearance and quality of the sample, Party B shall conduct batch
production in accordance with samples’ quality and appearance.

 

2.
Party B hereby represents and warrants that if its products fail to meet Party A’s requirements, Party B shall offer Party
A discounts or reproduce the products, the related costs herein shall be assumed by Party B.

 

    	 	2 / 8	 

     

    

 

Article
4 Both Parties’ Rights and Obligations

 

1.
Party A represents and warrants that it shall not disclose relevant technical materials of Party B to a third party. In case of
violation by Party A, Party B shall have the right to terminate this Agreement immediately after giving written notice to Party
A, and Party A shall indemnify Party B’s loss and damage result from such violation.

 

2.
Party A further represents and warrants that it will not counterfeit the Products. In case of violation by Party A, Party B shall
have the right to terminate this Agreement immediately after giving written notice to Party A, and Party A shall indemnify Party
B’s loss and damage result from such violation.

 

3.
Party B represents and warrants that it shall not directly or indirectly contact with Party A’s customer or sell products
directly or indirectly to Party A’s customer, except for the approval of Party A.

 

Article
5 Intellectual Property.

 

The
Intellectual Property in connection with the Products produced and manufactured by Party B in accordance with this agreement belongs
to Party A. Any infringement on the third parties’ Intellectual Property Rights and the expenses resulting from such infringement
shall be assumed by Party A.

 

Article
6 Order

 

1.
Party A shall send every order to Party B through email. The email shall include the product name, size, price, quantity, shipment,
insurance, payment, inspection and so on.

 

2.
The Parties may confirm product design and pattern by negotiation through email. If the product shall be designed by Party B,
then Party A shall pay Party B the design fee, the exact amount of which shall be negotiated by both parties.

 

3.
Party B shall accept or refuse or request to changes on order within 5 working days through email.

 

4.
Once Party B accepts the purchase order, Party A shall not change or cancel it without the written approval of Party B.

 

    	 	3 / 8	 

     

    

 

Article
7 Effectiveness and Termination

 

1.
This Agreement takes effect as of the date when it is signed by the Parties. The term of this Agreement is one (1) year unless
otherwise agreed by both parties or early termination occurs in accordance with Article 7.2 under this Agreement. This Agreement
shall be extended upon both parties’ written confirmation prior to the expiration of this Agreement and the extended term
shall be determined by both parties.

 

2.
Unless provided otherwise herein, any party is entitled to exercise immediate early termination of this Agreement by sending a
written notice should any of the following events were to occur:

 

a)
one party breaches this Agreement, and within thirty (30) days after the other party sends out the written notice, fails to rectify
its breach, take sufficient, effective and timely measures to eliminate the effects of breach, and compensate the other party
for any losses incurred by the breach.

 

b)
one party is bankrupt or is subject to any liquidation procedure and such procedure is not revoked within seven (7) days; and

 

c)
due to any event of Force Majeure, one party ’s failure to perform this Agreement lasts for over twenty (20) days.

 

Article
8 Force Majeure

 

1.“Force
Majeure” shall mean events beyond the reasonable control of the Parties that are unforeseeable or foreseeable but unavoidable,
which cause obstruction in, impact on or delay in either Party’s performance of part or all of its obligations in accordance
with this Agreement, including without limitation, government acts, natural disasters, wars, hacker attacks or any other similar
events.

 

2.
The Party affected by Force Majeure may suspend the performance of relevant obligations hereunder that cannot be performed due
to Force Majeure until the effects of Force Majeure are eliminated, without having to assume any liability for breach of contract,
provided however that, such Party shall endeavor to overcome such events and reduce the negative effects to the best of its abilities.

 

    	 	4 / 8	 

     

    

 

3.
The Party affected by Force Majeure shall provide the other Party with valid certificate documents verifying the occurrence of
Force Majeure events, which documents shall be issued by the notary office where the events occur (or other appropriate agencies).
In case the Party affected by Force Majeure cannot provide such certificate documents, the other Party may request such certificate
documents in order to assume the liability for breach of contract in accordance with this Agreement.

 

Article
9 Confidentiality

 

1.
Either Party shall keep confidential any confidential material and information of the other Party known or accessed due to the
execution or performance of this Agreement (the “Confidential Information”). Without the other Party’s written
consent, neither Party shall disclose, give or transfer such Confidential Information to any third parties.

 

2.
If requested by either Party, the other Party shall return, destroy, or otherwise dispose of all of the documents, materials,
or software that contain any Confidential Information as requested, and stop using the Confidential Information.

 

3.
The Parties’ obligations under this Article shall survive the termination of this Agreement. Either Party shall still comply
with the confidentiality terms of this Agreement and fulfill the confidentiality obligations as promised, unless the other Party
gives consent to the release of such obligations or as a matter of fact, violation of the confidentiality terms herein will not
cause damage of any form to the other Party.

 

Article
10 Liability for Breach of Contract

 

1.
Either Party’s direct or indirect violation of any provisions herein or failure in assuming or untimely or insufficient
assumption of any of its obligations hereunder shall constitute a breach of contract. The non-default Party (the “Non-default
Party”) is entitled to send to the default Party (the “Default Party”) a written notice, requesting the Breaching
Party to rectify its breach, take sufficient, effective and timely measures to eliminate the effects of breach, and compensate
the Non-Breaching Party for any losses incurred by the breach.

 

    	 	5 / 8	 

     

    

 

2.
After the occurrence of breach, and in the event that such a breach has made it impossible or unfair for the Non-Breaching Party
to perform its corresponding obligations hereunder based on the Non-Breaching Party’s reasonable and objective judgments,
the Non-Breaching Party is entitled to send to the Breaching Party a written notice of its temporary suspension of performance
of corresponding obligations hereunder, until the Breaching Party stops the breach, takes sufficient, effective and timely measures
to eliminate the effects of breach, and compensate the Non-Breaching Party for any losses incurred by the breach.

 

3.
The losses of the Non-Breaching Party that shall be compensated by the Breaching Party include direct economic losses and any
foreseeable indirect losses and extra expenses incurred by the breach, including without limitation, the attorneys’ fee,
litigation and arbitration fee, financial expense and travel charge.

 

Article
11 Dispute Resolution and Governing Law

 

1.
With regard to disputes arising out of the interpretation and performance of the terms hereunder, the Parties shall resolve the
disputes through consultations in good faith.

 

2.
In case no resolution can be made, the dispute shall be submitted to for Beijing Arbitration Commission in accordance with its
arbitration rules then effective. The arbitration shall be conducted in Chinese. The arbitration judgment shall be final and binding
upon the Parties.

 

3.
The termination, effectiveness, implementation and interpretation of this Agreement and resolution of disputes shall all be governed
by laws of the PRC.

 

    	 	6 / 8	 

     

    

 

Article
12 Delivery of Notice

 

Notices
relevant to this Agreement sent by one Party to the other shall be made in written form and delivered in person, or by fax, telegram,
telex or email, or by registered mail (postage paid) or express mail. As to those delivered in person or by fax, telegram, telex
or email, the delivery date shall be the date when it is sent; as to those delivered by registered mail (postage paid) or express
mail, the delivery date shall be the third day after it is sent.

 

Article
13 Miscellaneous

 

1.
This Agreement is written in Chinese with a English translation. In the event of any discrepancy between the two versions, the
Chinese version shall prevail. This Agreement is made with two (2) original copies, with one (1) original to be retained by each
Party hereto.

 

2.
The Parties may amend and supplement this Agreement in the way of a written agreement. Amendment agreements and supplement agreements
executed by the Parties are both part of this Agreement, having the same legal effect as this Agreement.

 

3.
Matters not covered in this Agreement shall be determined by the Parties separately through consultations.

 

 

 

 

 

 

[No
text below]

 

    	 	7 / 8	 

     

    

 

[Signature
Page of OEM Cooperation Agreement]

 

IN
WITNESS HEREOF, the Parties have caused this OEM Cooperation Agreement to be executed on the date and at the place first above
written.

 

Party
A:

Authorized
Representative (Signature):

 

Party
B: Rider Sports Fashion Limited (Seal)

Authorized
Representative (Signature):

 

8
/ 8Exhibit 10.8

 

Agreement
on Sales Authorization of Tmall

 

Party
A: First Branch of Rider Sportsfashion Limited (hereafter referred to as “Party A”)

Legal
representative: Hao Wang

Address:
Room 509, Building C, Junfeng Huating, No.69, Beichen West Road, Beijing

Tel.:
010-58772071

Postal
code: 100029

 

Party
B: Hangzhou Fengxue Outdoor Products Co., Ltd. (hereafter referred to as “Party B”)

Legal
representative:

Address:
3/F, Building 10, Loft 49, No. 111, Tongyi Road, Gongshu District, Hangzhou

Tel.:
0571-87819391-809

Postal
code: 310000

 

Whereas
Party A authorizes Party B to sell Party A’s products at Tmall (Taobao Mall: website: http://jakroo.tmall.com/ ), the following
agreement regarding the sales (hereafter referred to as “this Agreement”) is made and entered into by Party A and
Party B on the principle of equality and mutual benefits after reaching a consensus via negotiation:

 

I.
Items and Scope of Authorization

 

1.1
Party A hereby authorizes Party B to sell Party A’s products at Tmall (Taobao Mall), including the products with “” trademark or label and ancillary products. Any change of scope of Party A’s products shall be
subject to the products designated by Party A.

 

1.2
Party B’s sales channel authorized by Party A is limited to network sales through Tmall (Taobao Mall)’s authorized
online store.

 

1.3
The authorized online store stated herein refers only to:

 

1.4
“AiqiSports Outdoor Franchise Store”, the website of which is http://aqydhw.tmall.com/.

 

1.5
“Jakroo Aiqi Franchise Store” refers to the online store, the website of which is “http://jakrooaq.tmall.com/;

 

1.6
“Aiqi Sports Outdoor Franchise Store” or "Jakroo Aiqi Franchise Store” is not allowed to sell cycling clothes
products of other brands but Party A’s brand.

 

1.7
Party A hereby authorizes Party B to sell Jakroo Brand cycling clothes through the online store stated above. In addition, Party
B is not allowed to serve as the online or offline agent of Party A’s products through any other channels.

 

    	 	1	 

     

    

 

1.8
Party B is not allowed to deal with any matters in the name of Party A or make publicity or promotion in the name of Party A and/or
Party A’s product agent, Party A’s subsidiary or branch or use “捷酷” and/or “Jakroo”
as the name, trademark, or use Party A’s name, logo or label in any form (including the combination of Chinese characters
and English letters in any form and/or capitalized and lowercased fonts) or register any trademark or domain name that is identical
or similar to “捷酷” and/or ‘Jakroo’’s name, trademark, Party A’s name, logo,
etc. (including the combination of Chinese characters and English letters in any form and/or capitalized and lowercased fonts)
or make publications or statements to a third party which are not in line with the fact or conceal the fact that should have been
informed to the third party.

 

II.
Term of Sales

 

2.1
Party A hereby agrees and confirms to authorize Party B to sell Party A’s products at Tmall (Taobao Mall) for one year,
from January 1, 2016 to December 31, 2016. Party B is not allowed to transfer the authorization above to any third party in any
form, either partially or wholly.

 

2.2
Where Party A terminates this Agreement by exercising the right of interpretation as stated herein and/or legal right of interpretation,
the term of authorization shall be terminated unconditionally upon Party A releasing the notice of termination.

 

2.3
Where both parties hereto decide to renew this Agreement, both parties shall determine the term of new authorization via negotiation.
Both parties will no longer renew this Agreement in case of failure to reach an agreement regarding the term of authorization.

 

2.4
Should the term of authorization expire, Party B is not allowed to make sales authorized in this Agreement continuously with the
online shop or domain name authorized in this Agreement or similar domain name or through any other potential channels.

 

III.
Sales Task and Award

 

3.1
Party B hereby agrees and commits to purchase the products, the total amount of which shall be no less than RMB 3.5 million
from Party A within the term of authorization and the amount shall be subject to the payment made to Party A after both
parties make settlement at the end of the year.

 

3.2
Party A hereby agrees and commits that if the amount of products purchased by Party B from Party A within the term of authorization
reaches the amount below, Party A shall grant Party B award which shall be paid to Party B by returning Party B’s goods
payment in equal amount after both parties make settlement at the end of the year.

 

(1.)
The discount of the spot goods purchased by Party B shall be 44% of the tag price.

(2.)
The discount of future goods purchased by Party B shall be subject to the sales contract.

(3.)
If the amount of spot goods purchased by Party B reaches over RMB 1 million, Party A shall grant Party B commission which shall
be 1.5% of the amount above in form of advanced deposit (inclusive).

 

    	 	2	 

     

    

 

IV.
Supply Price and Retailing Price

 

4.1
Party B shall have the rights to enjoy Party A’s discount price of internet authorized sellers in 2016.

 

4.2
Where Party A launches promotion or discount activities, the supply price of Party A’s products involved in the activities
above shall be subject to the list of supply price for this promotion or discount sales activity as provided by Party A to Party
B.

 

4.3
The supply price provided by Party A to Party B shall be 44% of the standard retailing price issued at Party A’s official
website

(http://jakrooshop.b2bzx.shopexdrp.cn/).

 

4.4
Party B may purchase commodities from Party A by purchasing future goods with 42% of the standard retailing price issued at Party
A’s official website

(http://jakooshop.b2bzx.shopexdrp.cn).

 

4.5
Party B’s sales price shall be based on the retailing price published at Party A’s official website. The scope and
discount limit of Party A’s products of Party A’s promotion or discount sales activities in 2016 shall be uniformly
determined by Party A; Party B shall enjoy the rights of first sales of Party A’s special products and accessories in season
exclusively through online network; Party B can negotiate with Party A on the discount percentage and contents of activities.

 

4.6
Party B hereby agrees and commits that the price of Party A’s products sold by Party B online by authorization shall be
consistent and synchronous with the retailing price issued on Party A’s official website, but such price shall be no lower
than the retailing price or the price in promotion activities organized by Party A in any form. If it is agreed by Party A in
writing in advance, Party B can sell Party A’s products in holidays , store celebration or activities alike with the sales
price and in the way agreed by Party A. Party B’s customer service staff are not allowed to grant a buyer more discounts
privately in any form.

 

V.
Party A’s Rights and Obligations

 

5.1
Party A shall inform Party B of the relevant information of its new products timely;

 

5.2
Party A shall be entitled to adjust and standardize market order by taking necessary measures; where Party B sells the products
with a price lower than that stated in this Agreement, Party A is entitled to the right terminate this Agreement;

 

5.3
Where Party B strictly and fully performs each of the provisions in this agreement prior to the expiration date, Party A is not
allowed to authorize any third party as an online seller within the term specified.

 

5.4
Party A shall never disclose or publish Party B's commercial and technical secrets, etc. acquired by signing and performing this
Agreement to any third party, either within the term of this Agreement or within 2 years after this Agreement is terminated or
rescinded, unless otherwise required by competent authorities. Party B’s information that is acquired by Party A by signing
and performing this Agreement but is not disclosed by Party B to any third party or can not be acquired through public means shall
be considered as Party B’s commercial secrets.

 

    	 	3	 

     

    

 

VI.
Party B’s Rights and Obligations

 

6.1
Party B shall strictly abide by relevant national laws, regulations and industrial codes and do business legally;

 

6.2
Where Party B organizes medium or large cycling activities, Party B may apply to Party A for in-kind sponsorship through submitting
materials required; Party A may, based on the scale of activity, decide whether to grant the corresponding sponsorship and confirm
the quantity of the in-kind sponsor;

 

6.3
Where Party B accepts the Purchase Order of group purchasing (one buyer purchases more than 10 single products in one time), the
sales price shall be no lower than 20% discount price of the standard retailing price issued at Party A’s official website
(http://jakrooshop.b2bzx.shopexdrp.cn) and Party B shall not publicly disclose the sales price;

 

6.4
Party B, in addition to the group purchasing business specified in Article 6.3 hereof, is not allowed to deal with wholesales
or develop network dealers;

 

6.5
Party B shall submit all the publicity data related to Party A’s products as printed by Party B to Party A for audit and
Party B can not print all these data without Party A’s written agreement. Party B shall bear the fees of the publicity data
above which shall never violate laws and regulations. In case of selling products or making publicity, Party B is not allowed
to use the intellectual properties legally owned by Party A or any third party without the consent of Party A or relevant obligee.
Should Party B breaches this term, Party A shall be entitled to cancel relevant discounts and awards granted to Party B; if the
breach is serious, Party A shall be entitled to investigate Party B’s breach liabilities;

 

6.6
Party B shall maintain the image and good reputation of Party A and Party A’s products consciously. In course of selling
the products regulated herein, Party B, without the permission of Party A or relevant obligee, is not allowed to use any intellectual
properties and product designs lawfully owned by Party A or any third party (including but not limited to copyright), such as
patent, trademark, copyright and domain name; otherwise, Party A is entitled to terminate this Contract unilaterally and claim
all the losses incurred (if any).

 

6.7
Where Party B finds counterfeited products or other unfair competition during the term of this Agreement, Party B shall inform
Party A as soon as possible and assist Party A safeguard his rights;

 

6.8
Party B shall bear the loss brought or caused by its own commercial behavior and legal behavior and improper operation and management
during the whole process of selling the products stated herein;

 

6.9
Party B shall, within ten working days upon receiving goods, examine the goods. In case of loss of goods, destruction or inconsistent
quality or quantity, Party B shall, within two working days after the acceptance, send a written notice to Party A. The products
supplied by Party A are viewed as meeting the requirements of this Agreement if Party B fails to organize acceptance or send a
written notice to Party A within the time limit above;

 

6.10
Party B is not allowed to sell Party A’s products outside the region specified in this Agreement;

 

    	 	4	 

     

    

 

6.11
Party B is not allowed to purchase goods from other parties or sell counterfeited products by adulteration;

 

6.12
Party B, without Party A’s explicit written consent, is not allowed to continue selling Party A’s products when this
Agreement expires or is terminated or this Agreement is rescinded according to the provisions stated herein;

 

6.13
Party B shall keep confidential for Party A’s commercial and technical secrets acquired by signing and performing this Agreement
during the term of this Agreement or within two years after the termination or rescission of this Agreement, unless otherwise
required by competent authorities. Party A’s information that is acquired by Party B by signing and performing this Agreement
but is not disclosed by Party A to any third party or can not be acquired through public means shall be considered as Party A’s
commercial secrets.

 

VII.
Ordering, Goods Exchange, Return and Mode of Transportation

 

7.1
Ordering: Party B shall place Purchase Orders through Party A’s official website (http://jakrooshop.b2bzx.shopexdrpc.n)
and Party A shall, upon receiving payment, make deliveries.

 

7.2
Party B can enjoy a discounted price which is 42% of the standard retailing price issued at Party A’s official website (http://jakrooshop.b2bexdrp.cn)
for the future products ordered and the order for single batch of future products shall be at least RMB 5,000. In case of ordering
future products, Party B is required to make a down payment that equals to 30% of the total payment and pay off the rest on the
day before delivery. Should Party B fail to make settlement within the time limit above, Party A shall be entitled to dispose
Party B’s future products ordered and deduct the down payment paid by Party B for the future products above.

 

7.3
Where Party B’s store is closed or Party B is unable to operate continuously as a result of improper operation or other
causes, Party A shall not return the products;

 

7.4
Mode of transportation: Party A may make delivery by air, railway, highway or mail with the freight borne by Party B. The risks
of the products shall be transferred from Party A to Party B after Party A delivers the products to the carrier or makes delivery
by mail.

 

VIII.
Liabilities for breach of contract

 

8.1
Both parties hereto shall abide by the provisions of this contract faithfully. In case of breaching the provisions stated herein,
the default party shall pay observant party liquidated damages in the amount of RMB 50,000, except for force majeure or unless
otherwise the default party is exempted from the liabilities after both parties reach an agreement via negotiation;

 

8.2
Provided that the default party causes a loss which is higher than the liquidated damages specified in the preceding paragraph
to the other party, the default party shall also pay the difference between the aforesaid liquidated damages and actual loss,
in addition to the liquidated damages stated above;

 

    	 	5	 

     

    

 

8.3
Party B shall, upon the execution of this Agreement, pay Party A margin of RMB 20,000 which shall be returned by Party A upon
the expiration of this Agreement on the premise that Party B has performed all the obligations stated herein comprehensively.
If, however, Party B breaches this Agreement during the term of performance, Party A can request Party B to pay liquidated damages
as per Article 8.1 hereof and/or compensate Party A’s actual loss according to Article 8.2 hereof, in addition to deducting
the margin unconditionally;

 

8.4
Management of underselling

Definition
and category of underselling: underselling refers to selling the products with a price lower than the retailing price issued on
the website of the Company’s dealers, among which, indirect underselling refers to the situation that Party B supplies products
to the dealers at a lower level or retailers directly.

Underselling
punishment standard:

 

Party
A shall warn Party B for the first time;

Party
A shall warn Party B and deduct margin of RMB 5,000 for the second time; Party B shall, within three working days after deducting
the margin above, make up the margin without undue delay;

 

Should
Party B be involved in underselling for at least three times, Party A shall be entitled to terminate this Agreement and all of
Party B’s rights based on this Agreement shall be terminated instantly.

 

IX.
Force Majeure

 

9.1
In case of being unable to perform this Agreement according to the terms and conditions specified by force majeure that can not
be predicted, prevented or avoided such as earthquake, typhoon war or other similar events, the affected party shall notify the
other party via call, fax or telegraph (the contact mode has been specified in the homepage of this Agreement) and shall within
fifteen days upon the occurrence, provide the detailed material and other valid documents, which can demonstrate its obligations
set forth in this Agreement cannot be performed, either wholly or partially or that performance of obligations will be delayed,
as issued by the local competent organizations. Both parties shall, based on the influence of the event on the performance of
this Agreement, decide whether to terminate this Agreement, or exempt or postpone the performance of some provisions contained
herein.

 

X.
Modification, Termination and Renewal of this Agreement

 

10.1
Where both parties try to modify, correct or supplement this Agreement, they shall sign written supplementary agreement based
on negotiation; otherwise, any change of this Agreement shall be invalid. The supplementary agreement to this Agreement, if any,
shall have the same legal effect as this Agreement;

 

10.2
Party B is not allowed to sell Party A's products beyond the scope of authorization stated in this Agreement in any form without
Party A’s written consent; provided that the price issued by Party B and/or at which, Party B’s sale of Party A’s
products is consistent with the retailing price issued on Party A’s official website, Party A shall be entitled to warn
Party B and investigate Party B’s breach liabilities according to Article 8 hereof. Party B shall, within three days after
Party A proposes the warning, corrects the illegal behavior above and makes up margin (if the margin has been deducted by Party
A); otherwise, Party A may terminate the authorization for internet sales for Party B by terminating this Agreement upon sending
a written notice to Party B and investigate Party B’s breach liabilities as per the provisions of Article 8 hereof;

 

    	 	6	 

     

    

 

10.3
If either party breaches this Agreement or the relevant laws and regulations or damages the other party’s interest seriously,
the other party may terminate this Agreement in writing and investigate the default party’s responsibilities per the provisions
of Article 8 hereof;

 

10.4
As specified in this Agreement, this Agreement shall be terminated automatically after the agency sales period of Party B expires;

 

10.5
Both parties shall, at least three months before the expiration of this Agreement, decide whether to renew this Agreement based
on negotiation; provided that both parties agree to renew this Agreement after reaching consensus, both parties shall renew this
Agreement.

 

XI.
Dispute Resolution

 

11.1
Any dispute arising out of or in relation with this Agreement shall be resolved by both parties via negotiation; in case of failure
in negotiation, either party can apply to the Beijing Arbitration Commission for arbitration which shall be carried out according
to the then arbitration rules valid. The arbitration award is final and binding to both parties. Unless otherwise specified in
the arbitration award, the arbitration fees shall be borne by the losing party.

 

XII.
Miscellaneous

 

12.1
For the matters not covered herein, both parties can specify them by executing supplementary agreement via negotiation; the supplementary
agreement, if any, shall serve as an indispensable part of this Agreement with the same legal effect;

 

12.2
This Agreement is signed in Chinese and can be translated into other languages. In case of any inconsistency among the versions
of different languages, the Chinese version shall prevail;

 

12.3
This Agreement shall come into effect upon the signature and stamp by both parties;

 

12.4
This Agreement is executed in duplicate with each party holding one with the same legal effect.

 

(The
remainder of this Agreement is intentionally left blank)

 

    	 	7	 

     

    

 

	Party
    A: First Branch of Rider Sportsfashion Limited	Party
    B: Hangzhou Fengxue Outdoor Products Co., Ltd.
	 	 
	Representative:
    Bo Zhao	Representative:
	(Seal)

        Seal:
        First Branch of Rider Sportsfashion Limited
	(Seal)

        Seal:
        Hangzhou Fengxue Outdoor Products Co., Ltd.

	January
    22, 2016	January
    22, 2016

 

 

8

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