Document:

Contract
code: Rental No. 071, 2018

 

Summary
of Guangzhou Branch Leasing Part 1

 

Guangzhou
Panyu Bailong Electronics Co., Ltd.

 

And

 

Zhongdehui
(Shenzhen) Education Development Co., Ltd.

Guangzhou
Branch

 

Party
A:  Guangzhou Panyu Bailong Electronics Co., Ltd.

Legal
Address: Building 316, Building 11, No. 684, Shibei Industrial Road, Dashi Street, Panyu District, Guangzhou

Zip
code: 511430

Legal
Representative: Zhuang, Yandong

	Contact
    number: +86-020-39236333	Fax
    number:020-39160338

 

Party
B:  Guangzhou Branch of Zhongdehui (Shenzhen) Education Development Co., Ltd.

Legal
Address: 1109, Building 12, No. 644, Shibei Industrial Road, Dashi Street, Guangzhou

Zip
code: 

Legal
Representative: Tsang, Kin Ling Martin

Contact
number: +86-13660691841

 

Scope
of the Lease: 

 

The
lessee is willing to rent and the lessor agrees to lease the unit property at 07, 08, 09, 10 and 12, 11th floor, Building 12,
Great Creative Industrial Park, No. 644 Shibei Industrial Road, Dashi Street, Panyu District, Guangzhou, Guangdong, China.

 

The
leased area of the property is approximately 1159.26 square meters.

 

Leasing
Term: From February 1,  2019 to March 30,  2022.

 

Renew:
The lessee shall submit the written renewal intention to the lessor six months before the expiration of the lease, and the lessor
shall reply to the lessee in writing within 30 days of receiving the renewal. Under the same conditions, the lessee has the priority
to lease the property.

 

    	 	 	 

     

    

 

Rental
payment:

 

	From
    February 1, 2019 to May 30, 2019	monthly
    46,370.40 yuan
	From
    May 31, 2019 to May 30, 2020,	monthly
    48,688.92 yuan
	From
    May 31, 2020 to May 30, 2021	monthly
    51,123.37 yuan
	From
    May 31, 2021 to March 30, 2022	monthly
    53,685.33 yuan

 

Business
management consulting service fee:

 

	From
    February 1, 2019 to May 30, 2019	monthly
    17,388.9 yuan
	From
    May 31, 2019 to May 30, 2020,	monthly
    18,258.35 yuan
	From
    May 31, 2020 to May 30, 2021	monthly
    19,174.16 yuan
	From
    May 31, 2021 to March 30, 2022	monthly
    20,124.75 yuan

 

Property
management fee:

 

The
property management fee is 4.5 yuan per square meter, totaling RMB 5,216.67(payment on each 10th day of the month to
Guangzhou Huge Creative Industrial Park Property Management Co., Ltd.)

 

Prepaid
Rent: RMB 46,370.4

 

Prepaid
Business management consulting service fee: RMB 17,388.9

 

Rent
Deposit: RMB 92,740.80

 

Deposit
of Business management consulting service fee: RMB 34,777.80

 

This
contract is signed by an authorized representative of both parties.

 

	Party
    A: Guangzhou Panyu Bailong Electronics Co., Ltd.	 	Party
    B: Guangzhou Branch of Zhongdehui (Shenzhen) Education Development Co., Ltd.
	 	 	 
	Signature
    and Seal: Zhuang, Yandong	 	Signature
    and Seal: Tsang, Kin Ling Martin
	 	 	 
	January
    14, 2019	 	January
    14, 2019

 

    	 	 	 

     

    

 

Contract
code: Rental No. 007, 2019

 

Summary
of Guangzhou Branch Leasing Part 2

 

Guangzhou
Panyu Bailong Electronics Co., Ltd.

 

And

 

Zhongdehui
(Shenzhen) Education Development Co., Ltd.

Guangzhou
Branch

 

Party
A:  Guangzhou Panyu Bailong Electronics Co., Ltd.

Legal
Address: Building 316, Building 11, No. 684, Shibei Industrial Road, Dashi Street, Panyu District, Guangzhou

Zip
code: 511430

Legal
Representative: Zhuang, Yandong

	Contact
    number: +86-020-39236333	Fax
    number:020-39160338

 

Party
B:  Guangzhou Branch of Zhongdehui (Shenzhen) Education Development Co., Ltd.

Legal
Address: 1109, Building 12, No. 644, Shibei Industrial Road, Dashi Street, Guangzhou

Zip
code: 

Legal
Representative: Tsang, Kin Ling Martin

Contact
number: +86-13660691841

 

Scope
of the Lease: 

 

The
lessee is willing to rent and the lessor agrees to lease the unit property at 11, 11th floor, Building 12, Great Creative Industrial
Park, No. 644 Shibei Industrial Road, Dashi Street, Panyu District, Guangzhou, Guangdong, China.

 

The
leased area of the property is approximately 350.02 square meters.

 

Leasing
Term: From April 1,  2019 to March 30,  2022.

 

Renew:
The lessee shall submit the written renewal intention to the lessor six months before the expiration of the lease, and the lessor
shall reply to the lessee in writing within 30 days of receiving the renewal. Under the same conditions, the lessee has the priority
to lease the property.

 

    	 	 	 

     

    

 

Rental
payment:

 

	From
    April 1, 2019 to May 30, 2019	monthly
    14,000.8 yuan
	From
    May 31, 2019 to May 30, 2020,	monthly
    14,700.84 yuan
	From
    May 31, 2020 to May 30, 2021	monthly
    15,435.89 yuan
	From
    May 31, 2021 to March 30, 2022	monthly
    16,209.43 yuan

 

Business
management consulting service fee:

 

	From
    April 1, 2019 to May 30, 2019	monthly
    5, 250.3 yuan
	From
    May 31, 2019 to May 30, 2020,	monthly
    5,512.82 yuan
	From
    May 31, 2020 to May 30, 2021	monthly
    5,789.33 yuan
	From
    May 31, 2021 to March 30, 2022	monthly
    6,076.35 yuan

 

Property
management fee:

 

The
property management fee is 4.5 yuan per square meter, totaling RMB 1,575.09 (payment on each 10th day of the month
to Guangzhou Huge Creative Industrial Park Property Management Co., Ltd.)

 

Prepaid
Rent: RMB 14,000.8

 

Prepaid
Business management consulting service fee: RMB 5,250.3

 

Rent
Deposit: RMB 28,001.60

 

Deposit
of Business management consulting service fee: RMB 10,500.60

 

This
contract is signed by an authorized representative of both parties.

 

	Party
    A: Guangzhou Panyu Bailong Electronics Co., Ltd.	 	Party
    B: Guangzhou Branch of Zhongdehui (Shenzhen) Education Development Co., Ltd.
	 	 	 
	Signature
    and Seal: Zhuang, Yandong	 	Signature
    and Seal: Tsang, Kin Ling Martin
	 	 	 
	March
    20, 2019	 	March
    20, 2019Lease
Contract

 

Party
A: Liaoning Pacific Industrial Co., Ltd.

 

Legal
representative: Jun Li

Contact
person: Tiemin Wei

Address:
198, Zhonghua Road, Heping District, Shenyang

Contact
number: +86-024-22508888

 

Party
B: Zhongdehui (Shenzhen) Education Development Co., Ltd. Liaoning Branch

 

Contact
person:

Unified
Social Credit Code: 210102000007206 (1-1)

Address:
No. 189, Jinzi Street, Fushun New District, Liaoning Province

Contact
address:

Contact
number:

 

1.
The Service Content

 

	1.01	The
    joint office space (hereinafter referred to as the “area”) is located on Office Building, No. 41 North Station,
    Shenhe District, Shenyang City (Liaoning Jinzhaoyuan International Finance Building); Room 02, No. 10.
	 	 
	1.02	The
    area of the leased site is 145.74 square meters. Before signing this contract, Party B has checked the land for change and
    accepted the condition of the site. After the formalities, Party B has no right to object to the area.
	 	 
	1.03	The
    Leasing area showed in exhibition 2.

 

2,
Usage

 

The
leased site is limited to office use, and Party B shall not use the property for other purposes. Otherwise, Party A has the right
to terminate the contract in advance and not return the remaining rent and deposit of Party B.

 

3.
Service Term

 

3.01
The service period under this agreement is 12 months, that is, from May 01, 2019 (hereinafter referred to as “delivery date”)
to April 31, 2020.

 

3.02
If the above-mentioned service period expires and Party B needs to continue to use the area, both parties shall agree and re-sign
the area service agreement before the expiration of the service period. If the parties fail to re-sign the area service agreement
before the expiration of the service period, Party A has the right to withdraw the area upon expiration of the service period,
and Party B shall unconditionally move out and return the area.

 

    	 	 	 

     

    

 

Within
the above-mentioned service period, in addition to the breach of contract by Party B as stipulated in this agreement, if Party
B needs to terminate this agreement in advance, Party A shall notify Party A in writing two months in advance, and shall settle
all the cases until the termination of this agreement and the return of Party B to the area. The service fee and other related
expenses, and the performance bond paid by Party B will not be refunded. As compensation for the loss caused by Party B due to
the early termination of this agreement, if Party A needs to terminate this agreement in advance, it shall be written two months
in advance. Party B shall notify Party B, and after all the service fees and other related expenses until the termination of this
agreement and the settlement of the area to Party B, Party A shall return the performance bond paid by Party B to Party B without
interest, and Party A shall pay Party B separately The amount of the same amount of the performance bond shall be the full compensation
for the loss caused to Party B due to the early termination of this agreement by Party A.

 

4.
Service Fee

 

4.01
The rent per unit of floor space is 784 yuan per square meter per year, the annual rent of the leased space is RMB 114260.2, and
the monthly rent of the leased space is 9521.7 yuan. The management fee and the invoice are not included in the rent.

 

4.02
The rent is paid on a pre-paid basis, with a payment cycle every three months, and each rent is delivered on or before the 25th
day of each month. The first period of rent must be delivered within five working days after the signing of this contract. Party
A or its trustee should issue the relevant official invoice within five working days after receiving the monthly rent.

 

5.
Billing of Service Fee

 

	5.01	The
    management fee is paid in advance by prepayment, and every three months is a payment cycle. Party B needs to pay the management
    fee to the property management company on schedule. The management fee is calculated according to the leased area, and the
    monthly fee is RMB 18 per square meter.
	 	 
	5.02	Party
    B shall pay the utilities, telephone and other expenses related to the leased premises as required by the management office.
	 	 
	5.03	The
    management fee is paid directly to the management fee account stipulated by Party A. Each management fee needs to be delivered
    on the 25th of each month. The management office needs to issue an official invoice five working days after receiving the
    management fee.
	 	 
	5.04	Party
    A or the property company has the right to adjust the property management fee according to the changes of the situation. After
    the adjustment, Party B shall notify Party B in writing and set the effective time.

 

6.
Margin

 

When
Party B needs to sign this contract, it shall pay Party A the equivalent:

One
month rent 9521.7 yuan and one management fee 2623.3 yuan

The
total payment is 12145.02 yuan and it is regarded as the margin

 

7.
Payment method

 

7.1
Party B shall pay rent, property fees and other miscellaneous expenses in accordance with the relevant contract of this contract,
such as the rent of the first or last period of the lease period, management fees, and other miscellaneous expenses less than
one full month, which shall be calculated according to the actual number of days, and Party B shall not For any reason, deduct
the rent, management fee and other miscellaneous expenses that must be paid in advance to Party A.

 

    	 	 	 

     

    

 

7.2
Billing method

 

	Pay
    with RMB:	(i)
    Deposited into Party A’s designated bank account by automatic transfer;
	 	 
	 	(ii)
    Pay with cash or check to Party A.

 

Party
A’s designated bank account:

 

Account
for rent (RMB):

Account
name: Liaoning Pacific Industrial Co., Ltd.

Bank:
Shanghai Pudong Development Bank Shenyang Branch

Account
number: 71010154740010148

 

Account
for property management fee:

Account
name: Shen Sunshine Property Management Co., Ltd.

 

Bank:Shengjing
Bank

 

Account
number:0330150102000010184

 

8.
Signature

 

 9.

 

Party
A:Liaoning Pacific Industrial Co., Ltd.

 

Signature/seal:

Legal
representative or authorized representative (signed):

Tiemin
Wei

 

Date
of signature

 

May
1, 2019

 

Party
B:Zhongdehui (Shenzhen) Education Development Co., Ltd. Liaoning branch

 

Signature/seal

Legal
representative or authorized representative (signed):

Yan
Li

 

Date
of signature:

 

May
1, 2019

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