Document:

Exhibit 4.47

 

COMMERCIAL RELATIONSHIP Contract ENTERED INTO
BY IMPULSORA DE MERCADOS DE MÉXICO, S.A. DE C.V., REPRESENTED BY MR. GERARDO GUERRERO GUAJARDO, HEREINAFTER REFERRED TO AS “THE
CLIENT”, AND GESOPER, S. DE R.L. DE C.V., REPRESENTED BY MR. NORMAN FRANCIS WRAY FRANCO, HEREINAFTER REFERRED TO
AS “THE SUPPLIER”, TO WHICH Contract THE PARTIES AGREE TO BE BOUND BY THE FOLLOWING DECLARATIONS AND CLAUSES:

 

DECLARATIONS

 

		I.	“THE CLIENT” declares through its Representative the following:

 

		1.	It is a company legally incorporated under the laws of the United Mexican States and is duly registered
in the Public Registry of Commerce of the City of Monterrey, N.L., and is domiciled at Edison 1235 Nte. Col. Talleres in Monterrey, N.L.

 

		2.	Its representative has sufficient powers and faculties for the execution of this Contract, as evidenced
by the Public Deed attached hereto, which have not been revoked, modified or limited in any way.

 

		3.	In order to carry out its commercial activities, it requires different products and services related to
such commercialization, for which reason it is in its interest to acquire “THE PRODUCTS” according to the terms of this Contract
and its annex, which signed by the parties is an integral part of this Contract.

 

		II.	“THE SUPPLIER” declares through its Representative the following:

 

		1.	It is a corporation incorporated under the laws of the United Mexican States, as evidenced by the Public
Deed attached hereto and having its domicile at Oriente 172, Col. Montezuma 2nd. Section, Mexico, D.F., P.C. 06760

 

		2.	Its representative, has sufficient powers and faculties for the execution of this Contract, as evidenced
by Public Deed No. 6,016 dated OCTOBER 21, 2020, granted before the faith of PUBLIC BROKER No.26, Lawyer GERMAN GUERRA VALVERDE
exercising in Mexico City, D.F.

 

		3.	Its activities include the processing and sales of General Merchandise, and it is interested in selling
such materials to CLIENT (hereinafter referred to as PRODUCTS). These products are identified, described and described in
ANNEX A signed by both parties. Annex A is an integral part of this Contract.

 

     

     

    

 

		4.	The represented party is not in default with respect to the execution of other orders or services Contracted
with Impulsora de Mercados de México, SA de CV or any other subsidiary company, nor do the workers of Cadena Comercial Oxxo participate
in said company as shareholders, administrators, managers or employees.

 

		5.	It has the technical capacity and human material necessary to comply with the conditions and terms agreed
in the present Contract.

 

In view of the foregoing Declarations, the parties
agree to subject this Contract to the following:

 

CLAUSES

 

FIRST.- OBJECT: By means of the
present instrument, THE SUPPLIER undertakes to sell the PRODUCTS that are listed and described in ANNEX “A” of
this Contract, which signed by the parties forms an integral part of this Contract, to THE CLIENT, in the times and under the conditions
established in said annex and to the entire satisfaction of THE CLIENT. For its part, THE CLIENT undertakes to pay to THE
SUPPLIER the prices set out in Annex A of this Contract.

 

SECOND.- VALIDITY: Tits Contract
will be valid for 1 year (One year), from October 1, 2021 to conclude on September 30, 2022. Notwithstanding the foregoing, THE
CLIENT may terminate it in advance with 30 (thirty) days prior written notice, without affecting the pending deliveries or the agreed
guarantees.

 

The parties may renew the Contract, as long as
they agree in writing and sign it in accordance with both parties.

 

THIRD.- PRICES: The prices agreed
and specified in ANNEX “A” of this Contract, which signed by the parties is an integral part of this Contract, shall
be maintained for the entire term of this Contract, and during this period of time, may only be modified by mutual agreement by both parties
with written notice indicating the need and the reasons that oblige the SUPPLIER to modify its prices and obtaining the validation
of THE CLIENT. Tits notice must be submitted at least 30 days before the modification can take effect. From the date of this notice,
both parties shall meet in order to analyze the specific situation and the approval of the modification shall be in writing, if no agreement
is reached, the present Contract shall remain in force under the conditions established herein.

 

In case of renewals of the Contract, the parties
must agree if they will apply the current prices or there is some modification in these prices.

 

FOURTH.- BILLING. TERMS OF PAYMENT AND
RETURN: THE CLIENT shall make the corresponding payment to THE SUPPLIER within 45 (forty-five) days from the date of
receipt of the PRODUCTS. THE SUPPLIER must deliver THE PRODUCTS with the corresponding invoice. No payment shall
be made if THE SUPPLIER fails to deliver the invoice within the time specified in this clause.

 

    -2-

     

    

 

correct and be delivered to the address indicated
by THE CLIENT in order to be paid.

 

After receiving the relevant receipt from THE
SUPPLIER, THE CLIENT shall pay the PRODUCTS cost to THE SUPPLIER by electronic transfer within the stipulated days:

 

Bank Number: 012

 

Credit Institution: BBVA Bancomer Multiple Banking
Institution, BBVA Bancomer Financial Group Branch: 4128

 

Owner: GESOPER, S. DE R.L. DE C.V.

 

Clabe: 012180001161379037

 

THE SUPPLIER assumes at this time the obligation
to pay the charge of the commission generated by the electronic transfer mentioned in this clause.

 

THE CLIENT will return the merchandise
that it considers so to THE SUPPLIER on the agreed dates according to the mechanics stipulated in Annex C that forms an integral
part of this Contract, THE SUPPLIER being responsible for the expenses derived from the freight of this shipment to its offices.
(Annex C)

 

FIFTH.- SERVICE AND DELIVERY: THE CLIENT
must carry out the request for the PRODUCTS by means of a Leaflet Purchase Order, and for its part THE SUPPLIER must carry
out the deliveries according to the needs of THE CLIENT, according to what is established in the Leaflet Purchase Order.

 

SIXTH.- BREACHES: If THE SUPPLIER
fails to deliver the PRODUCTS, THE SUPPLIER shall pay liquidated damages to THE CLIENT at the rate of 0.25% of the value
of the relevant PRODUCTS per day during the duration of the default, up to a maximum of 10% (ten percent).

 

SEVENTH.- EXCLUSIVITY: The Contractual
relationship that derives from this instrument, does not manifest in any way exclusivity in favor of THE SUPPLIER, in such a way
that THE CLIENT has the right without any responsibility, to be able to hire third parties to sell the products indicated in the
object of this Contract.

 

On the other hand, THE SUPPLIER agrees
to grant THE CLIENT the sale of the aforementioned products, so that from the signing of this Contract, THE SUPPLIER will
be prevented from making such sales in favor of any other company that has the same commercial turn (Convenience Stores) as THE CLIENT.

 

EIGHTH.- QUALITY GUARANTEE: All
PRODUCTS are fully guaranteed to comply with the quantities, characteristics and quality and certifications required by THE
CLIENT and, where appropriate, by the Official Mexican Standard NOM or the related laws and regulations in force in the United Mexican
States, if applicable to the nature of the product, for the foregoing, in case of non-compliance by THE SUPPLIER with the agreement
and established in ANNEX “A”, THE SUPPLIER must return the PRODUCTS to THE CLIENT immediately in the place
where they are and with the quantity, characteristics and qualities promised.

 

    -3-

     

    

 

NINTH.- SUBContractING: THE SUPPLIER
is obliged not to subContract all or part of its rights and obligations. Therefore, THE CLIENT can verify all information provided
by THE SUPPLIER and determine that the object of this Contract is in accordance with the provisions of this instrument.

 

TENTH.- CONFIDENTIALITY: Both parties
agree that all the information that they are transmitted or generated on the occasion of the conclusion of this Contract and its Annexes,
as well as the strategies related to it, will be handled as confidential information regardless of the means through which it is
disclosed, so they constitute industrial secrets for the parties hereinafter “Confidential Information”.

 

The Confidential Information that the parties
provide to each other may only be used for the purposes specified in this Contract and its Annexes, so they may not at any time, directly
or indirectly, or through third parties and in any way, provide, transfer, publish, reproduce or make known to third parties such Confidential
Information; otherwise, the party that fails to comply with this obligation will be subject to the sanctions that Mexican law provides,
as well as pay the damages it causes, reserving the aggrieved party, at all times, the power to terminate this Contract.

 

The parties may provide the Confidential Information
only to persons who are previously established as authorized to receive the information related to the object of this Contract, provided
that they have the need to know such information to proceed to perform the purposes specified in this Contract and its Annexes; for this
reason, each party will give instructions to its own personnel, regarding the confidentiality they must keep with respect to the Confidential
Information and about the penalties to which they will be subject in case of non-compliance.

 

Each party agrees to return the Confidential
Information within five (5) calendar days from the date of the occurrence of any of the following events:

 

		■	From the date of the other party's request.

 

		■	From the date of termination, rescission or resolution of this Contract.

 

		■	From the date when the business relationship is terminated by both parties for any reason.

 

Therefore, either party shall not properly retain
or keep the Confidential Information provided to it under this Contract and shall not disclose such Confidential Information
within 5 (five) years from the date of termination, rescission or resolution of this Contract.

 

ELEVENTH.- NATURE OF THE Contract:
Both parties agree and recognise that the present Contract is of a strictly commercial nature, and therefore no labour relationship whatsoever
exists, nor can exist, between “THE SUPPLIER” and “THE CLIENT”, nor between “THE CLIENT”
and the employees or workers of “THE SUPPLIER”. Therefore, “THE SUPPLIER” undertakes to directly
execute the works object of the present Contract, being considered as the sole employer with respect to its workers in accordance with
the provisions of article 13 of the Federal Labor Law. “THE SUPPLIER” undertakes to make and timely pay the corresponding
contributions to the Mexican Social Security Institute, the National Workers’ Housing Fund Institute and to any other authority that the
legal regulations require in its capacity as employer with respect to the workers it employs in the rendering of its agreed services.

 

    -4-

     

    

 

“THE SUPPLIER” shall be solely
responsible to its employees or workers, regarding the fulfillment of any obligation arising from said employment relationship, as well
as the fulfillment of any other obligation derived from the Federal Labor Law and other applicable regulations in which charges are established
to employers.

 

TWELFTH.- NOTICES: All notices and
notifications to be given by the parties in connection with this Contract shall be in writing, with acknowledgment of receipt, to the
addresses indicated in the Declarations or to any other address that the parties may subsequently indicate, and oral notices and notifications
may be given, provided that such oral notices and/or notifications are confirmed in writing within the following twenty-four (24) hours,
in order to be valid.

 

THIRTEENTH.- ASSIGNMENT: BOTH PARTIES
agree to prohibit the assignment of all or part of the rights and obligations under this Contract, because these rights and obligations
are personal, unless THE PARTIES make provisions in the form of a document containing express consent.

 

FOURTEENTH.- CAUSES OF TERMINATION.-
The parties may unilaterally terminate this Contract without any judicial procedure, and without any legal responsibility for the party
that complied, prior written notice notified to the breached party when the obligations arising from this Contract are breached.

 

THE SUPPLIER must act in accordance with
the laws in force in its place of business. THE SUPPLIER undertakes to fully comply with the laws, social and tax regulations established
for its business. THE SUPPLIER shall not be involved in illegal or abusive business. Failure to follow the conditions set out above
in this paragraph is a non-conditional basis for initiating termination of this Contract.

 

For the purposes of the provisions of this Clause,
“THE PARTIES” shall give written notice to the other party regarding the causes of breach. If the defaulting PARTY
remedies the default to the satisfaction of the other PARTY within 15 (fifteen) working days from the date of receipt of the
respective notice, or within such other period as may be allowed by the affected PARTY, the Contract shall not be terminated and
shall continue to have effect.

 

FIFTEENTH.- TITLES OF THE CLAUSES: BOTH
PARTIES state that the titles of the Clauses cited in this Contract are only for the purpose of facilitating their identification
and reading, and therefore they are not understood as substantive provisions that vary or can be interpreted as a substantial part of
this Contract, and therefore they should not be interpreted to expand, diminish or affect in any way the scope of the content of the clauses
of this Contract.

 

    -5-

     

    

 

SIXTEENTH.- ABSENCE OF DEFECTS: In
the granting of this Contract there is no error, fraud, bad faith or any other vice of consent that could invalidate it, since they have
mutually agreed on the object of the Contract, as well as on all the stipulations with which it has been agreed.

 

SEVENTEENTH.- LEGISLATION AND COMPETENCE:
Both parties agree to accept the interpretation and enforcement of Mexican laws, accept the jurisdiction of the competent court
of Monterrey, Nuevo León, and expressly waive the jurisdiction that may be given to them for their present, future and / or any
other reasons.

 

The parties being aware of the contents and legal
scope of the present Contract, sign it at the bottom and in the margin for the record, in the city of Monterrey, Nuevo León on
September 17, 2021.

 

	
    “THE CLIENT”

    IMPULSORA DE MERCADOS DE MEXICO, S.A. DE C.V.
	“THE SUPPLIER” 

GESOPER, S. DE R.L. DE C.V.
	 	 
	 	 
	GERARDO GUERRERO GUAJARDO 

LEGAL ATTORNEY	NORMAN FRANCIS WRAY FRANCO LEGAL REPRESENTATIVE
	 	 
	WITNESS	WITNESS
	 	 
	 	 
	RUTH ALEJANDRA FERNANDEZ GARZA	ERNESTO DAVID GARCIA ALCIVAR

 

Annex A.- Description and Prices of General Merchandise

 

Annex B.- Leaflet Purchase Order Format

 

Annex C.- Product Return Mechanics.

 

 

-6-Exhibit 4.48

 

Guangxi
UTime Technology Co., Ltd. Industrial Investment Jiangnan Enterprise Park Workshop Building

 

Lease
Contract

 

Contract
No.:                              

 

Lessor
(Party A): Nanning Industrial Investment Group Co., Ltd.

 

Lessee
(Party B): Guangxi UTime Technology Co., Ltd.

 

Chapter
I General Provisions 

 

Article
I Party B has fully understood the situation of the leased premise before leasing Party A’s premise. In order to clarify the rights
and obligations of both parties to the lease, in accordance with the provisions of relevant laws, regulations and policies, Party A and
Party B, based on the principle of equality and voluntariness, and through negotiation, enter into this Contract on matters related to
Party B’s lease of the premise referred to in Article II of this Contract (hereinafter referred to as the premise).

 

Article
II Conditions and uses of the leased premise

 

The
basic leasing matters such as the location, area, rent and lease term of the premise:

 

	1	The
    premise’s location	The
    whole standard workshop building of Building A5, Industrial Investment (Jiangnan) Enterprise Park, No.12, Xiajin Road, Jiangnan District,
    Nanning
	2	Building
    area (m2)	19242.69	Premise
    purpose	Office
    production and operation
	3	Rent
    type	Rent
    area (m2)	Monthly
    rent including tax (yuan/m2)	Monthly
    rent including tax (yuan/month)
	Premise	19,242.69	20	384,853.8
	Payment
    method	Bank
    transfer	 	 
	Full
    name of payee	Nanning
    Industrial Investment Group Co., Ltd.
	4	Bank
    of deposit	Industrial
    Bank Nanning Xincheng Branch
	Bank
    account No.	552030100100102270
	Lease
term	The
    lease term is 60 months, from November 1, 2021 to October 31, 2026. (Including 6-month rent-free decoration period)

  

    1

     

    

  

	 	Rental
    period	From
    May 1, 2022
	5	Performance
    security	The
    performance security is the rent of one month in the first year of the lease term of this Contract, i.e. 384,853.8 yuan.
	6	Business
    Items	Technical
    development and sales of electronic products, communication products, plastic products, network equipment and software and other
    domestic trade; Import and export of goods and technologies, technical development, production and sales of mobile phones.
	7	Miscellaneous
    matters	During
    the lease term, Party A agrees to provide Party B with a rent-free decoration period of 6 months. The rent-free decoration
    period is from November 1, 2021 to April 30, 2022. (If Party B terminates the Contract in advance or Party A terminates the Contract
    in advance due to Party B’s breach of contract, Party B needs to pay the rent for the rent-free decoration period, and Party A has
    the right to deduct it from the performance security paid by Party B.)

  

Chapter
II Rent, water and electricity fee, performance security, etc.

 

Article
III According to the principle of paying rent first and then using it, each rent should be paid one cycle in advance and settled
in a cycle of 2 months. Party B shall pay a one-month deposit to Party A before November 10, and pay the first rent to Party A in a lump
sum before April 20, 2022 (i.e. the rent of [May and June] in 2022), and then pay the rent of the next cycle to the following account
by bank transfer before the 20th day of the end month of each cycle:

 

Full
name of payee: Nanning Industrial Investment Group Co., Ltd.

 

Bank
of deposit: Industrial Bank Nanning Xincheng Branch

 

Bank
account No.: 552030100100102270

 

Party
A shall provide special matching invoice to Party B within 5 working days after Party B makes the payment.

 

Article
IV If Party B pays the rent by bank transfer, the failure to pay the rent in full and on time shall be deemed as a
breach of contract, which shall be implemented according to the provisions of this Contract on liability for breach of contract. Party
B shall consider various factors such as legal holidays, subject to Party A’s arrival time, complete the bank transfer in advance to
ensure that the rent arrives on time and in full.

 

    2

     

    

 

Article
V Party B shall apply to Party A for issuing rent invoice with the lease contract and bank transfer voucher.

 

Article
VI For each bank transfer by Party B, Party B agrees that Party A shall deduct the liquidated damages and compensation payable first,
and then deduct the rent payable month by month from the date of rent arrears.

 

Article
VII Performance security: Party B shall pay the performance security to Party A on the date of signing this Contract. The amount
of the performance security is the monthly rent of one month in the first year. If the lease term expires or the Contract is terminated
in advance, and Party B has no breach of contract, Party A shall return the performance security to Party B without interest within 15
days after both parties settle the rent and other expenses (unless otherwise agreed in this Contract), otherwise Party A has the right
to deduct relevant expenses from the performance security.

 

Article
VIII Party A shall return the performance security against the original receipt issued by Party B. Party B shall properly keep the
original receipt of the performance security and the original of this Lease Contract. If it is lost, it will not be replaced and the
performance security will not be returned.

 

Article
IX Property management fee, water and electricity fee and other expenses

 

1.
Property management fee: 0.9 yuan/m2/month, which shall be paid to the property management company authorized by Party A on
a monthly basis.

 

2.
Sanitation fee: 0.15 yuan/m2/month, which shall be paid to the property management company authorized by Party A on a monthly
basis.

 

3.
Water rate: 2.99 yuan/cubic meter (refer to the charge standard of Guangxi Nanning Water Co., Ltd.). It shall be paid to the property
management company authorized by Party A on a monthly basis.

 

4.
Electricity bill: (refer to the electricity price of China Southern Power Grid). Prepayment is adopted (i.e. prepayment of the next month’s
expenses in the current month).

 

5.
Sharing water and electricity fees: The actual expenses incurred by the same type of property shall be shared according to the proportion
of the building area of the leased premise by Party B.

 

6.
Water and power lines shall be installed by Party B. After the termination of this Contract, the water and power lines shall belong to
Party A, and Party B shall not claim compensation for the installation costs from Party A. During the lease term, due to the water supply
and power supply department and other reasons other than Party A, the losses caused by water supply and power outage shall be borne by
Party B.

 

7.
Electricity capacity increase fee: Electricity capacity increase fee during the lease term: Party A has installed 25 transformers
with a total capacity of 31600KVA for the normal use of electricity in the industrial park. If capacity increase is required, the
expenses incurred shall be borne by Party B. After the termination of this Contract, the equipment installed due to capacity increase
shall belong to Party A, and Party B shall not claim compensation from Party A for any cost.

 

    3

     

    

 

8.
If Party B fails to pay the rent, property management fee, sanitation fee, elevator maintenance fee, water and electricity fee and other
payable fees on time, and still fails to pay after being urged by Party A or the authorized property management company and the investment
operation company of the Park, Party A or the authorized property management company and the investment operation company of the park
shall have the right to stop the water or power supply or other measures, and all losses arising therefrom shall be borne by Party B.

 

Article
X Rent-free period: The rent-free period is a part of the lease term of this Contract and shall not be calculated independently.
During the rent-free period, the lessee does not need to pay rent to Party A, but still needs to pay property management fees and other
agreed payable fees.

 

Article
XI Water, electricity meters and related facilities shall be subject to unified standards and management, and shall be uniformly
reported and installed at Party A’s expense.

 

The
unit price of water and electricity fee shall be based on the current pricing of the water company and the power supply bureau. In addition,
in order to ensure the normal use of electricity and water by Party B, the electricity, water, maintenance and loss of relevant public
facilities shall be charged by Party B (the charging standard shall be formulated by the property management company).

 

If
Party B fails to pay rent or other water and electricity fees to Party A, Party A shall have the right to stop water supply and power
supply in addition to charging Party B liquidated damages of 0.05% of the payable amount for each day overdue, and the house rent shall
be calculated as usual during this period. All losses caused by the stop of water and power supply shall be borne by Party B.

  

Chapter
III Agreement on delivery, maintenance and recovery of premise

 

Article
XII The premise, related equipment and ancillary facilities delivered by Party A shall meet the normal use conditions. Both parties
shall jointly check and inspect the condition of the premise (including ancillary facilities) during handover, and sign and confirm the
Premise Handover Sheet. The custody responsibility of the leased premise (including ancillary facilities) shall be borne by Party
B from the date of handover.

 

Article
XIII Both parties sign the formal Premise Handover Sheet. The Premise Handover Sheet is an effective annex to this
Contract and has the same legal effect as this Contract.

 

Article
XIV Party A shall hand over the premise to Party B before November 1, 2021, and the delay in delivery shall not exceed three
months. If Party A still fails to hand over the premise for more than three months, Party B may choose the following treatment methods
(II), and if it causes direct losses to Party B, Party A shall compensate:

 

(I)
Upon termination of this Contract, Party A shall return the full amount of performance security (without interest) to Party B.

 

    4

     

    

 

(II)
This Contract shall remain valid, and the lease commencement date shall be postponed accordingly.

 

Article
XV If the leased premise is included in the scope of expropriation (based on the announcement of expropriation issued by the Nanning
Municipal Government), land storage, renovation of Party A’s dilapidated buildings, resulting in Party A’s inability to hand over the
premise or to continue to perform the Contract, the Contract shall terminate automatically, and Party A shall not bear the liability
for breach of contract due to the failure to hand over the premise or continue to perform the Contract. The first rent (when the premise
is not handed over) and the performance security shall be returned to Party B in full (without interest), and neither party shall bear
any liability for breach of contract.

 

Article
XVI Before handing over the premise, Party A shall first notify Party B to receive the premise with the contact information reserved
by Party B when signing this Contract. If Party A cannot contact Party B or Party B fails to come to receive the premise within the specified
time, Party A shall send the written notice of receiving the premise to Party B by registered mail or express mail. The next day after
the date of posting shall be deemed as the date of delivery.

 

Party
B shall receive the premise at the designated place at the time specified in the written notice. Otherwise, it shall be deemed that Party
B unilaterally terminates the Contract, and Party A has the right to dispose of the premise separately and will not return the performance
security paid by Party B.

 

Article
XVII When returning the premise, the structure, components, related equipment and ancillary facilities of the premise shall be kept
in good condition. If the premise and auxiliary facilities are damaged due to Party B’s own reasons rather than natural aging and natural
damage of the equipment, Party B shall be responsible for repairing or bear the repair costs. Party A may directly deduct the repair
costs from the performance security, but the relevant costs shall be informed to Party B in advance. If the performance security is insufficient
to deduct, Party A has the right to recover from Party B.

 

When
returning the premise, Party B shall not retain any articles. For the articles retained without Party A’s consent and not taken away
after Party A’s notice, Party B shall be deemed to have waived relevant rights, and Party A has the right to dispose of them by itself
without any legal liability. If Party A’s property is damaged due to Party B’s removal of relevant facilities and equipment, Party B
shall compensate.

 

Article
XVIII Regardless of the early termination or expiration of this Contract for any reason, Party B may remove and take back the decorations
that have not formed attachment. However, if the premise (or facilities) is damaged due to the removal, Party B shall restore it to its
original state or compensate Party A for the losses; Party A shall not make any compensation (compensation) for the decorations that
have been attached.

 

Article
XIX During the lease term, Party B shall not endanger the structural safety of the premise. Party B shall be responsible for repairing
or making compensation in case of improper use or artificial damage to the premise, facilities and equipment.

 

    5

     

    

 

Article
XX During the lease term, Party B shall be responsible for repairing and maintaining the water leakage on the roof (wall) of the
premise, doors and windows (including glass), water supply facilities behind the water meter, drainage facilities for Party B’s own use,
electrical facilities and equipment behind the electricity meter, decoration parts of Party B (including self-installed facilities and
equipment), and problems caused by improper use by Party B, and bear the expenses.

 

If
Party B fails to repair in time and still fails to repair after Party A’s notice, Party A or Party A’s authorized property management
company and investment operation company of the Park shall hire a third party to repair, and the costs shall be borne by Party B. Party
A may directly deduct the repair costs from the performance security, but the relevant costs shall be notified to Party B in advance.
If the performance security is insufficient to deduct, Party A has the right to recover from Party B.

 

Chapter
IV Miscellaneous matters

 

Article
XXI Miscellaneous

 

1.
Decoration: The lease is based on the current situation. The cost of secondary decoration required by Party B’s operation shall be borne
by Party B. When Party B carries out decoration, it shall fully consider the decoration cost and standard in combination with the lease
term, the use of the premise and the unrecoverable residual value of the attached decorations.

 

2.
Fire protection: The lease is based on the current situation, and the cost of changing fire protection in Party B’s production and operation
shall be borne by Party B, but Party B’s renovation plan shall be approved by relevant emergency management departments, and shall be
restored to its original state when returning the lease.

 

3.
Sublease: Party B shall not sublease without Party A’s written consent.

 

4.
In case of property right dispute, Party A shall bear the responsibilities arising therefrom.

 

5.
Party B shall operate according to law, and the expenses for handling relevant certificates shall be borne by Party B. In case of illegal
operation, Party B shall bear all responsibilities and consequences.

 

6.
All creditor’s rights and debts arising from Party B and a third party have nothing to do with Party A.

 

7.
Party B must comply with the provisions of the property management of the Industrial Investment Jiangnan Enterprise Park.

 

8.
Before decoration, Party B must submit the decoration drawings to Party A or the authorized property management company and investment
operation company of the Park for filing. The unit entering the site for construction can enter the site for construction only with the
approval of Party A or the authorized property management company and investment operation company of the Park.

 

If
the premise (or facilities) is damaged due to improper use or decoration, Party B shall immediately report it to Party A or the authorized
property management company and investment operation company of the Park. The third party hired by Party A or the authorized property
management company and investment operation company of the Park shall repair it. The maintenance cost shall be borne by Party B.

 

    6

     

    

 

9.
During the lease term, Party B shall strictly abide by the Fire Protection Law of the People’s Republic of China and the relevant
regulations of the emergency management departments, and actively cooperate with Party A in the fire safety work. Otherwise, all responsibilities
and losses arising therefrom shall be borne by Party B. It is strictly forbidden to build a kitchen privately in the premise, and it
is strictly forbidden to cook with open fire such as gas stoves, alcohol stoves, kerosene stoves and electric stoves; Party B must pay
attention to fire prevention and theft prevention when using the premise, and enhance fire prevention awareness. It is strictly forbidden
to place (produce) inflammable and explosive articles, harmful articles, fake and shoddy products and products endangering personal health
and safety. In case of accident, fire, theft, personal injury or economic loss caused by Party B in the process of production and operation,
Party B shall bear all the responsibilities.

 

10.
The right to use the stairs, passages, exterior walls, roofs and roof terraces of the premise belongs to Party A. If Party B needs to
set up signboards and billboards outdoors, it shall report to Party A in writing for approval and pay the site occupation fee to Party
A according to Party A’s standards. The expenses for applying for advertisement filing shall be borne by Party B.

 

11.
Party B shall not set up a flue to exhaust smoke from the exterior facade of the premise structure, shall not generate open fire, shall
not generate oil fume, dust, peculiar smell, noise and sewage discharge, etc., which will affect the environment of the Park.

 

12.
If Party A continues to lease the premise after the lease term expires, Party B shall have the priority to lease the premise under the
same conditions. If Party B renews the lease, it shall inform Party A in writing one month in advance; If Party B does not renew the
lease, the site shall be restored and returned to Party A; The decoration attachments that Party B cannot dismantle belong to Party A,
and Party A does not need to compensate Party B; If Party B renovates or damages the original premise structure, pipeline and other parts,
it must restore them to their original state or make full compensation.

 

13.
Party B shall, within 5 days after the termination of the Contract, remove and clean the articles in the premise, and return the premise
to Party A. otherwise, it shall be deemed that Party B has given up the ownership of the articles in the premise, and Party A has the
right to directly deal with it without further notice to Party B. The occupation fee during the period of deferred occupation of the
premise shall be calculated and paid at 3 times of the annual monthly rent of the original contract year.

 

Article
XXII In case of any of the following circumstances, Party B shall be in breach of the contract. Party A shall have the right to unilaterally
terminate the Contract and unconditionally take back the premise. The performance security shall not be returned. In case of any loss
caused to Party A, Party B shall make full compensation:

 

1.
Party B fails to comply with the property management regulations, causing losses to Party A’s reputation and property.

 

2.
According to the Regulation on the Prohibition of Pyramid Selling of the State Council, illegal business activities such as pyramid
selling and disguised pyramid selling should be severely cracked down. Party B uses the leased premise to carry out illegal assembly
or activities such as pyramid selling without authorization, which harms public interests.

 

    7

     

    

 

3.
Party B pulls and connects the power supply without permission, does not pay attention to civilization and sanitation, fights and quarrels,
refuses to correct after repeated education, and forms gangs to bully the market and disobey management.

 

4.
Party B produces (manages) unqualified goods (food), which damages consumers’ rights and interests and is investigated and dealt with
by relevant departments.

 

5.
Party B embezzles water and electricity.

 

6.
Party B changes the business items or scope without Party A’s written consent.

 

7.
Sublease without Party A’s written consent.

 

XXIII
Liability for breach of contract

 

1.
Party B must pay all expenses such as rent, water and electricity fee, shared fee, property management fee, sanitation fee and elevator
maintenance fee in full and on time. If Party B fails to pay in full and on time, Party A shall have the right to stop water supply and
power supply in addition to charging Party B liquidated damages of 0.05% of the payable amount for each day overdue, and the house rent
shall be calculated as usual during this period. All losses caused by the stop of water and power supply shall be borne by Party B.

 

If
Party B fails to pay the rent in full within one month, Party A has the right to unilaterally terminate the Contract and
unconditionally take back the premise. This Contract will be terminated from the date when Party B receives the notice of
termination of the Contract from Party A or the notice of termination of the Contract is delivered in the manner agreed in this
Contract, and the performance security will not be returned.

 

2.
If Party B engages in illegal business (production) activities in the leased premise, Party A has the right to unilaterally terminate
the Contract and unconditionally take back the premise. This Contract will be terminated from the date when Party B receives the notice
of termination of the Contract from Party A or the notice of termination of the Contract is delivered in the manner agreed in this Contract.
Party A has the right to require Party B to pay liquidated damages at [20]% of the rent of the current year of the Contract and will
not return the performance security. If Party A is punished due to Party B’s illegal behavior, the corresponding fine shall be borne
by Party B.

 

3.
During the lease term, if Party B changes the main structure of the premise without Party A’s consent, Party A has the right to terminate
the Contract and unconditionally take back the premise. This Contract will be terminated from the date when Party B receives the notice
of termination of the Contract from Party A or the notice of termination of the Contract is delivered in the manner agreed in this Contract.
Party A has the right to require Party B to pay liquidated damages at [20]% of the rent of the current year of the Contract and will
not return the performance security. If the liquidated damages and performance security paid by Party B fail to cover all losses of Party
A, Party A has the right to continue to recover from Party B.

 

    8

     

    

 

4.
If Party B unilaterally terminates the Contract within the lease term, the performance security and the remaining rent will not be returned,
and the rent for the rent-free decoration period and preferential rent-free period already enjoyed shall be paid.

 

5.
If Party B unilaterally terminates the Contract within the rent-free period, or Party A terminates the contract within the rent-free
period due to Party B’s breach of contract, the performance security will not be returned, and Party B shall pay the rent according to
the facts.

 

Article
XXIV Notice and Service

 

1.
All notices given by both parties for the performance of this Contract or related to this Contract shall be sent to the other party in
written form, and the addressee shall sign for it immediately. If it cannot be delivered or the addressee refuses to sign for it due
to the reasons of the addressee, the addresser can deliver it by registered mail or express mail, and the next day after the posting
date shall be regarded as the date of delivery.

 

2.
Both parties confirm that the following addresses are the service addresses of relevant notices, legal instruments and litigation documents.
In case of any change, the changing party shall promptly notify the other party in writing, otherwise, the original service address is
still the valid service address:

 

(1)
Service address confirmed by Party A: No. 58, Tinghong Road, Nanning

 

Postal
code: 530031

 

Addressee:
Nanning Industrial Investment Group Co., Ltd.

 

Tel.:
0771-5702806

 

(2)
Service address confirmed by Party B: Guangxi UTime Technology Co., Ltd., Building a5, Industrial Investment (Jiangnan) Enterprise Park,
No.12, Xiajin Road, Jiangnan District, Nanning

 

Postal
code: 530000

 

Addressee:
Cao Honggang

 

Tel.:
13641456805

 

Article
XXV Exemption conditions

 

1.
Failure to perform the Contract due to earthquake, typhoon, flood, war and other force majeure accidents that cannot be foreseen or whose
consequences cannot be prevented or avoided.

 

2.
If Party A has to terminate the Contract when the leased premise needs to be rebuilt in case of national expropriation, urban planning,
government behavior and premise development, Party A will only return the rent for the remaining lease term to Party B, and the performance
security will be returned without interest. Party A shall notify Party B in writing 30 days in advance, and Party B shall unconditionally
obey the arrangement. If Party B fails to move out of the leased premise on time, Party B shall be responsible for the losses caused.

 

    9

     

    

Article
XXVI For matters not covered in this Contract, after both parties have reached an agreement through negotiation, a supplementary
agreement can be signed. The supplementary agreement has the same legal effect as this Contract. Disputes arising from the performance
of this Contract shall be resolved through negotiation between the two parties. If the negotiation fails, a lawsuit may be filed with
the people’s court where the premise is located.

 

This
Contract is made in quadruplicate, with party A holding three and Party B holding one. This Contract shall come into force after being
signed and sealed by both parties and Party A receives the performance security paid by Party B.

 

Party
A: Nanning Industrial Investment Group Co., Ltd.

 

Authorized
representative (signature):

 

Address:
No. 58, Tinghong Road, Nanning

 

Bank
of deposit: Industrial Bank Nanning Xincheng Branch

 

Account
name: Nanning Industrial Investment Group Co., Ltd.

 

Account
No.: 5520 3010 0100 1022 70

 

Tel.:
0771-5702806

 

Signing
date: 12/01/2021

 

Party
A:

 

Authorized
representative (signature):

 

Address:

 

Bank
of deposit:

 

Account
name:

 

Account
No.:

 

Tel.:

 

Signing
date: 11/01/2021

 

Nanning
Industrial Investment Group Co., Ltd. (Seal)

 

Huang
Qinian (Seal)

 

Guangxi
UTime Technology Co., Ltd. (Seal)

 

Cao
Honggang (Seal)

 

    10

     

    

 

Attached
enterprise invoicing information:

  

Dear
Nanning Industrial Investment Group Co., Ltd.:

 

The
invoice required for the expenses paid by our Company for this Contract is (ordinary invoice/special VAT invoice), and the following
is the invoicing information of our Company:

  

Enterprise
name:

 

Duty
paragraph:

 

Bank
of deposit:

 

Account
No.:

 

Company
address:

 

Tel.:

 

 

11

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