Document:

Exhibit 10.11

 

Translation

 

TENANCY AGREEMENT

 

		1.	Contract Parties

 

	 	The Landlord:	Beijing Dong Sheng International Culture Industry Development Co., Ltd.
	 	Authorized Address:	No. 58, Jianguo Road, Chaoyang District, Beijing City
	 	Authorized Person:	 
	 	 	 
	 	The Tenant:	Jinshang International Financial Leasing Co., Ltd
	 	Authorized Address:	Ground and First Floors, Block 7, Bali Zhuang Cun, Gaobei 

Dian County, No. 58, Jianguo Road, Chaoyang District, Beijing City
	 	Authorized Person:	 

 

		2.	Location and area of leased premises

 

Location:

Ground
and First Floors, Block 7 of Museum (Please refer to the property title deed and the floor plan).

 

Leased
area:

The leased space
is approximately 775 square meters (hereinafter is referred to “Leased Premises” and the Tenant is not allowed to
use the wall facades of the wall of the leased premises.

 

		3.	Term of Tenancy

 

		3.1	Term of the tenancy:

 

This Tenancy Agreement shall be
valid through a three-year term commencing March 5, 2015 and ending March 4, 2018, both days inclusive.

 

		3.2	Renovation / rent free period

 

			The Landlord and Tenant agree that,
                                         effective the date signing hereof, the Landlord shall grant a 50-day renovation / rent
                                         free period during which no rental, property management fee and related expenses shall
                                         be charged by the Landlord.

 

    	 

    	 

    

 

		4.	Use of the Leased Premises

 

		4.1	During the tenure of the tenancy,
                                         the Tenant shall be allowed to operate lawful activities in the Leased Premises and shall
                                         be prohibited to operate any activity which may damage the reputation of the Landlord.

 

		4.2	The Tenant, without having given
                                         prior written notice to the Landlord and without having obtained the approval of the
                                         Landlord, shall not sublet the Leased Premises.

 

		4.3	The Landlord shall have the absolute
                                         discretion and lawful right as to monitoring the use of the Leased Premises

 

		5.	Rental and other expenses

 

		5.1	Rental:

 

			Monthly rental shall be Renminbi 104,625
                                         Yuan on 30-day basis per month, payable quarterly.

 

		5.2	Property management fee (inclusive
                                         of expenses for electricity and water utilities):

 

Monthly property
management fee shall be Renminbi 11,625 Yuan, payable quarterly at the same time and in the same manner as for rental payments.

 

		5.3	The Landlord shall issue the relevant
                                         invoice within 3 working days upon receipt of the payments.

 

		6.	Rental Deposit

 

		6.1	The Tenant shall pay the sum of Renminbi
                                         100,000 Yuan to the Landlord as the rental deposit within 30 days from the signing of
                                         this Tenancy Agreement.

 

		6.2	The deposit shall be retained by
                                         the Landlord within the tenure of the Tenancy and the Landlord may forfeit the entire
                                         or part of the rental deposit if the Tenant is in breach of this Tenancy Agreement.

 

		6.3	The Tenant shall reinstate the Leased
                                         Premises to its original condition on the day when the lease term expires and within
                                         3 working days upon the satisfactory acceptance of the reinstated Leased Premises by
                                         the Landlord and the Tenant has fully paid the rental and property management fees in
                                         arrear, the Landlord shall return the rental deposit to the Tenant.

 

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		7.	Renovation

 

		7.1	The Tenant shall obtain the Landlord’s
                                         prior written approval on the renovation plan of the Leased Premises before renovation
                                         works commence and all renovation and modification expenses shall be absolutely borne
                                         by the Tenant.

 

		7.2	Prior to the expiry of the term of
                                         the Tenancy, the Tenant shall arrange for the Leased Premises to be reinstated to its
                                         original condition.

 

		8.	Early Termination

 

		8.1	The Tenant and Landlord may agree
                                         in writing to determine this Rental Agreement prior to its expiry.

 

		8.2	In the case that the Tenant wishes
                                         to terminate the Tenancy Agreement prior to its expiry, it shall give a 30-day written
                                         notice to the Landlord prior to the next rental payment date and the Landlord shall have
                                         the right to retain the rental deposit paid by the Tenant and apply the same to compensate
                                         the damage caused to the Landlord and if the Tenant has not given the requisite 30-day
                                         written notice of early termination, the Landlord, in addition to forfeit the rental
                                         deposit, shall also have the right to charge the Tenant with one-month rental as the
                                         penalty.

 

		8.3	In the case that the Landlord wishes
                                         to terminate the Tenancy Agreement prior to its expiry, the Landlord shall give a 30-day
                                         written notice of early termination to the Tenant and shall return the rental deposit
                                         to the Tenant within 30 days.

 

		9.	Renewal

 

		9.1	If the Tenant wishes to extend or
                                         renew the tenancy, it shall give not less than 3-month written notice to the Landlord
                                         of its intention of extension or renewal and both parties shall negotiate on the terms
                                         and conditions of the renewal and extension. On the contrary, the Landlord shall also
                                         give not less than 3-month written notice of its intention of non-renewal. Otherwise,
                                         this Tenancy Agreement shall be regarded as renewed automatically after it expiry.

 

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		10.	Notice

 

		10.1	The delivery of a notice or document
                                         by a party to this Tenancy Agreement to the other party, if in writing, shall be served
                                         at the location of the Leased Premises and should the service be not effective, it shall
                                         be served at the address mentioned in the Business License. The above mentioned notice
                                         or document may be delivered by registered post, courier service, or mail, etc. and shall
                                         be regarded as having delivered to the recipient two days after the dispatch of the notice
                                         or document.

 

		11.	Settlement on Disputes

 

		11.1	Any dispute relating to this Tenancy
                                         Agreement shall be resolved by friendly negotiation of the Tenant and Landlord and if
                                         a settlement is not reached by friendly negotiation, any party hereof may raise law suit
                                         with a court of competent jurisdiction.

 

		12.	Effectiveness of Tenancy Agreement

 

		12.1	This Tenancy Agreement shall become
                                         effective upon execution and affixing of the corporate seal of the parties hereto.

 

		12.2	This Tenancy Agreement shall be
                                         executed in duplicates and each party shall retain a copy thereof.

 

	TENANT: (Corporate seal affixed	 	LANDLORD: (Corporate seal affixed)
	 	 	 
	Authorized person: (signed)	 	Authorized person: (signed)
	 	 	 
	Date: Year   Month  Date		Date: Year   Month   Date

 

 

4Exhibit 10.12

 

Translation

 

TENANCY AGREEMENT

 

	The Landlord (“Party A”):	Shanxi Province
Yuci Wangcheng Enterprises Limited

 

	The Tenant (“Party B”):	Shanxi Dongsheng Financial
Guarantee Co., Ltd

 

By friendly negotiation between the parties hereto and pursuant
to the laws of the PRC governing tenancy matters, it is hereby agreed that the terms and conditions of this tenancy agreement be
reached and set out as below:

 

	1.	Scope and purpose of the tenancy

 

Party A shall let to Party B the leased premises
together with ancillary facilities at No. 229 Yutai Road, Yuci District Jinzhong City with a gross area of 1,002 square meters
which shall be used as office premises.

 

	2.	Term of Tenancy

 

The tenancy shall be for a term of three years
commencing March 1, 2015 to February 29, 2018.

 

	3.	Rent and Deposit

 

	3.1	It is agreed that the annual rent shall be Renminbi 360,000 Yuan.

 

	3.2	The rent shall be paid by Party B once every quarter in one lump sum and payable at the end of each quarter. Should Party B fail to pay the rent on time, a penalty at the rate of 0.5% per day on the amount in arrears shall be payable by Party B.

 

	4.	Related Expenses

 

	4.1	Party B shall pay all expenses relating to the tenancy.

 

	5	Landlord’s duties and responsibilities

 

	5.1	Party A hereby declares and warrants that Party A is the legal owner of the leased premises.

 

    	 

    	 

    

 

	5.2	Party A shall timely deliver the leased premises and the ancillary facilities in useable condition to Party B.

 

	5.3	Unless otherwise agreed by the Parties, Party A shall not repossess the leased premised during the tenancy term.

 

	5.4	On the basis of Party B being not in breach of this Tenancy Agreement, Party B shall have the right to reject Party A’s or other persons’ interference to its quiet use of the leased premises.

 

	5.5	Party A may, with the prior consent of Party B, enter into the leased premises for emergency inspection of the leased premises.

 

	5.6	Party A may authorize its agent to deliver to Party B the leased premises, to repossess the leased premises from Party B, to receive rentals and exercise its rights under this Tenancy Agreement.

 

	6.	Tenant’s duties and obligations

 

	6.1	Party B shall punctually pay the rental and related expenses due for payment.

 

	6.2	Without the prior approval of Party A, Party B shall not structurally modify the leased premises and shall not remove or demolish any fixture in the leased premises and, in principle, the renovation works applied to the leased premises shall not cause any damage to the structure and facilities of the leased premises.

 

	6.3	Party B shall lawfully use the leased premises in according with the terms and conditions of this Tenancy Agreement and shall not change the nature of the use of the leased premises, store therein any hazardous materials prohibited under the laws of the PRC nor carry out any activity which may violate the laws of PRC and Party B shall be fully responsible, including compensate Party A, for such acts which have caused damages to Party A.

 

	6.4	During the Term of the Tenancy, Party B shall not sublet, transfer the tenancy of, lend out or pledge the leased premises or do anything which may damage the interest of Party A and any of Party B’s debts liability shall not be offset by the interest of the leased premises.

 

	6.5	When the tenancy is not renewed upon it expiry, Party B shall not remove any internal renovation and other fixture funded by Party B other than the facilities and office equipment specially for the carrying out of the business operation of Party B and other parts of the renovation as a whole shall not be demolished or damaged unless the parties have mutually agreed otherwise.

 

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	6.6	During the Term of the Tenancy, approval of Party A shall be obtained before Party B may commence renovation works of structural nature in the leased premises.

 

	6.7	Party B shall exercise due care to use facilities within the leased premises and shall repair the damaged facilities to its original condition and shall compensate Party A at the market price should the damaged facility be not repairable.

 

	6.8	Party B shall have the right to use the common area and facilities in the leased premises according to this Tenancy Agreement.

 

	6.9	Party B shall bear the responsibility and compensate Party A in respect of the damage caused to persons, the leased premises or property of Party B due to its improper use, managing or maintaining of the leased premises.

 

	6.10	On basis of not having breached the terms and conditions of this Tenancy Agreement, Party B shall have the right of first refusal to renew the tenancy of the leased premises by giving a written application to Party A, not less than one-month before its expiry and both parties shall discuss matters relating to the renewal.

 

	7.	Termination

 

	7.1	This tenancy shall be determined upon the occurrence of any of the following acts of Party B:

 

	 	a.	Demolishing or modifying the structure of the leased premises without the consent of Party A;

 

	 	b.	Unreasonable delay in payment of rent in arrears for more than 30 days;

 

	 	c.	Subletting, lending, transferring or pledging the leased premises without the consent of Party A;

 

	 	d.	Party B’s requesting for early termination of the tenancy;

 

	7.2	For specific reason that Part A shall request for early termination of the tenancy before its expiry, Party A shall give not less than 30-day notice to Party B of its intention to terminate, compensate Party B for the damage caused and return the amount of rental in respect of the period from the termination up to the date of its expiry.

 

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	8.	Applicable law

 

This tenancy Agreement shall be governed by and
entered into, become effective, interpreted, carried out and settled on disputes in accordance with the laws of the PRC.

 

	9.	Disclaimer

 

For reason of force majeure causing damages to
Party A or Party B, neither party shall be held liable to the other party.

 

	10.	Should there be dispute arising between the parties, the dispute shall be resolved by friendly negotiation and if friendly negotiation becomes not effective, both parties may refer the dispute to arbitration and during the course of the negotiation, other parts of this Tenancy Agreement shall remain bound on the parties.

 

	11.	Should there be deficiency on the terms of this Tenancy Agreement, the parties hereof shall proceed to friendly negotiation with reference to the PRC Contract Laws and Laws governing the Management of Urban Real Property and enter into supplemental agreements which shall be as effective as this Tenancy Agreement.

 

	12.	This Tenancy Agreement shall be effective the date hereof.

 

	13.	This Tenancy Agreement shall be executed in duplicates and each party shall retain a copy thereof.

 

	Party A:	Party B:
	 	 
	Seal: (CORPORATE SEAL AFFIXED)	Seal: (CORPORATE SEAL AFFIXED)
	 	 
	Address:	Address:
	 	 
	Telephone No.:	Telephone No.:
	 	 
	Date: 	Date:

 

 

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