Document:

Summary
of Joint Office Area Service Agreement

 

Party
A: Shenzhen Merchants Venture Co., Ltd.

Unified
Social Credit Code: 91440300708442023J

Address:
5th Floor, Building A, Wanhai Building, No. 1031 Nanhai Avenue, China Merchants Street, Nanshan District, Shenzhen

Contact
person: Keyan Zhang

Contact
number: +86-0755-26685653

 

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

Unified
Social Credit Code: 914403003599193558

Address:
2nd Floor, Building D, TCL Industrial Zone, No. 1055 Nanhai Avenue, Nanshan District, Shenzhen

Contact
person: Qing Zuo

Contact
number: +86-18606365555

 

In
accordance with the relevant laws and regulations, in order to clarify the rights and obligations of both parties, both parties
shall sign this joint office space service agreement (hereinafter referred to as “this agreement”) on an equal and
voluntary basis. Both parties have paid sufficient attention to all the terms of this agreement and have a detailed understanding
of their rights and obligations, especially the commitment to breach of contract, and Party B has sufficient foresight. Both parties
believe that this agreement has reflected its true meaning and voluntarily complied with the implementation. The specific terms
are as follows:

 

	1.	The
    Service Content

 

(1).
Upon application by Party B, Party A agrees to provide Party B with the following joint office space services:

 

(a)
The joint office space (hereinafter referred to as the “area”) is located on 5th Floor, Building A, Wanhai Building,
No. 1031 Nanhai Avenue, China Merchants Street, Nanshan District, Shenzhen. The area includes office workstations and public facilities
(public meeting rooms, multi-purpose halls, recreation rooms, tea rooms, showers, pantry, lounge, display area, sleeping cabin,
public meeting area and public restroom). The printers, projectors and other related equipment and wireless networks required
for office work are available in the area.

 

(b)
Party A provides Party B with a total of 3 office workstations, of which 0 is the total number of dedicated stations, the station
number is none, and the number of open stations is 3, the station number is SZSKR510-02 to 04, For the location of the specific
station, please refer to Appendix 2 of this Agreement (hereinafter referred to as “Standard Station”). Party B has
the right to use the standard work station exclusively under this agreement, and has the right to use the public facilities and
public office equipment in the area together with other resident customers in the area. Party B’s own items and documents
of various articles shall be placed in the standard work station and shall not be placed in any other area of the site without
the consent of Party A.

 

    	 	 	 

    	 	 	 

    

 

(c)
Both parties confirm that, regardless of whether there is a different agreement in this agreement, Party A has the right to use
it for its own use or to provide other customers with all or part of the other stations outside the standard station, and to have
their own right or to other Party B has no objection to the public facilities and public office equipment shared by the customers.

 

(2)
Party B has inspected the standard work station, the site and its building in the field, and agreed to accept the situation of
the site and its surroundings. Both parties confirmed that there were no defects affecting normal use and safety in the standard
work station, site and their buildings, and the two parties had reached an agreement on the conditions for site delivery.

 

(3)
Party B shall, at the date of signing this agreement, go through the formalities of entry as required by Party A. Party A and
Party B shall sign the “Joint Office Site Delivery Confirmation Form” for confirmation, and the “Joint Office
Site Delivery Confirmation Form” shall be signed by both parties. The delivery/receipt obligation is considered complete.
If Party B goes through the formalities of overstaying, Party A shall have the right to unilaterally terminate this agreement,
withdraw the area and have the right to provide the area to other third parties.

 

	2.	Service
    Term
	 	 
	(1)	The
    service period under this agreement is 12 months, that is, from April 01, 2019 (hereinafter referred to as “delivery
    date”) to March 31, 2020.
	 	 
	(2)	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.
	 	 
	(3)	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.

 

    	 	 	 

    	 	 	 

    

 

	3.	Service
    Fee

 

Service
Fees “Service fees include the standard station and public facilities equipment usage fee, property management fee, air
conditioning fee, water fee, electricity fee, network usage fee, tax, but not including other expenses incurred by Party B during
the use of the site.” Contract standard payment:

 

From
April 01, 2019 to March 31, 2020, the service fee standard for each exclusive station is none. The total service fee for each
open station including tax site is RMB 1,500.00, and the monthly tax-included site. The total service fee is RMB: 4500.00 yuan,
capitalized: RMB is round and round, and the VAT rate is 6%, of which: Total tax-free service charge is RMB: 4245.28, VAT is RMB:
254.72 yuan

 

During
the service period, if the relevant government departments introduce relevant regulations or policies to increase the service
tax burden, the increase will be borne by Party B. Party A has the right to unilaterally increase the service fee. Party B has
no objection.

 

	4.	Performance
    Bond
	 	 
	(1)	Within
    five days from the date of signing this agreement, Party B shall pay Party A a performance bond equivalent to the 2-month
    service fee amount (the service fee for the last month of the service period stipulated in this agreement), RMB 9000.00. This
    performance bond is a guarantee for Party B to perform and abide by its obligations in accordance with this agreement. If
    Party A has not received the full performance bond on the expiration of the above period, Party A shall automatically terminate
    Party B on the day following the expiration of the above period unless Party A agrees to extend the payment of the performance
    bond. Use any other arrangement for the area.
	 	 
	(2)	Upon
    expiration of the service period, if Party B has paid all the service fees and other payables (if any) within the service
    period and has not violated any of the terms of this agreement, Party B will hand over the site to Party A and Party B will
    complete the registration address and change to Procedures for other addresses (If Party B uses the site address in the first
    paragraph of Article 1 of this Agreement as the registered address of the company), Party A will return the performance bond
    to Party B without interest. Party B shall, within fifteen (15) days after meeting the foregoing conditions, contact Party
    A for the return of the performance bond. Before the return of the performance bond, Party B shall return the original performance
    bond receipt to Party A or Party B shall issue a receipt for the performance bond. And stamp the unit financial chapter. The
    performance bond shall be refunded to Party B without interest by bank transfer or a check.
	 	 
	(3)	If
    Party B has violated the acts stipulated in this agreement, Party A has the right not to refund the performance bond.

 

    	 	 	 

    	 	 	 

    

 

	5.	Billing
    of Service Fee 
	 	 
	 	Payment
    Schedule
	 	(✓)
    First type of payment schedule: party B pays the service fee monthly. Party B shall directly pay Party A the service fee for
    the current month before the 5th of each month. Party B shall pay Party A the first service fee (the service fee from the
    delivery date to the end of the month) of RMB 4,500 before April 1, 2019. Before March 31, 2020, Party A will pay the final
    service fee (that is, the service fee from 0901 to the contract date) of RMB 4,500. If Party B fails to pay the service fee,
    Party B shall pay Party A the liquidated damages according to the standard of five thousandth of the service fee. 
	 	 
	 	(×)
    Second type of payment schedule: The service fee shall be paid by Party B on a quarterly basis. Party B shall pay Party A
    the service fee for the quarter in the first month or the first day of each quarter. Party B shall pay Party A the first service
    fee (from the date of delivery to The service charge on the last day of the quarter). If Party B fails to pay the service
    fee, Party B shall pay Party A the liquidated damages for each day after the expiration of one-thousandth of the service fee.

 

Party
A:Shenzhen Merchants Venture Co., Ltd.

 

Legal
representative or authorized representative (signed):

Shenzhen
Merchants Venture Co., Ltd.

 

Date
of signature

April
23, 2019

 

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

 

Legal
representative or authorized representative (signed):

Zhongdehui
(Shenzhen) Education Development Co., Ltd.

 

Date
of signature:

March
28, 2019Contract
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:Zeng, Jianning

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: Zeng, Jianning
	 	 	 
	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:Zeng, Jianning

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: Zeng, Jianning
	 	 	 
	March
    20,2019	 	March
    20,2019

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