Document:

Contract
    Type	Nashwork

 

 

Nashwork

 

Super
Studio

 

 

 

Office
Lease Contract

(House
Leasing Contract)

 

    	 	 	 

    	 

    

 

	Nashwork	Contract No.: E-CZL-KX-ZZ-TI-2019022500161

 

Notes
to Entry into of Contract and Letter of Confirmation

 

	1.	Please
    confirm that before the contract is entered into, you have read the terms and conditions of this contract carefully
    and understand and accept such terms and conditions fully; at the same time, our company’s agent has informed
    you of the relevant information on the entry into of the “House Leasing Contract”.
	 	 
	2.	Where
    you have handed over any money to our company’s agent, in order to guarantee your rights and interest, you shall require
    our company’s agent to issue the voucher in the relevant amount and affixed with the special seal of our company for
    finance. As the sole voucher for the payment made by you, you shall keep such payment voucher properly. Our company
    shall not recognize any voucher or receipt without the special seal of our company for finance.
	 	 
	3.	Any
    other agreement than the terms and conditions of the contract to be entered into between you and our company’s agent
    shall be confirmed by means of the supplemental agreement, and shall not become valid without the special seal of our
    company for contract.
	 	 
	4.	Please
    confirm that with regard to the contents of the contract, you have read the following items carefully, and have understood
    and accepted such items:

 

	 	1)	Stipulation
    on unilateral and early termination of the contract:
	 	 	 
	 	 	During
    the performance of the contract, where you have to terminate this contract in advance, you shall notify our company in writing
    at least thirty (30) days in advance, and pay our company the penalty in the amount equal to double monthly rent
    and monthly service charge in such case, and make compensation for the other losses incurred to our company arising therefrom
    (Please see the text of the contract in detail).
	 	 	 
	 	2)	Notes
    to repair and maintenance of house:
	 	 	 
	 	 	During
    the lease term of the house, the equipment and facilities will be subject to the wearing and aging to different extents. As
    the lessee, you are obligated to do a good job in the repair and maintenance of the house; where the repair is required for
    the damage to the equipment and facilities in such house occurring within such term, you shall take only the responsibility
    for the repair and maintenance of the house and appendages thereto, as well as the equipment and facilities due to the utilization
    or for any human cause. Where the repair and maintenance do no fall within the aforesaid scope, both parties shall resolve
    through otherwise negotiation according to the principle that the one causing such situation shall undertake the responsibility.

 

	5.	This
    contract will generate the electronic file with the electronic signature technology; whenever it is confirmed, such file shall
    have the same legal effect as the contract. The file shall be confirmed in the following two ways: 1. Online confirmation
    by APP; 2. Offline confirmation by signing on paper document or affixing with traditional seal.

 

Confirmation
with Signature/Seal: Sheng Ying Xin (Beijing) Management Consulting Co., Ltd.

 

Date:
February 25, 2019

 

Nashwork’s
Hotline for Service Supervision: 400 116 0055

 

    	 	 	 

     

    

 

 

	Nashwork	Contract
    No.: E-CZL-KX-ZZ-TI-2019022500161

 

House
Leasing Contract

 

Lessor:
Nashwork Kaixuan Science & Technology (Beijing) Co., Ltd. (Hereinafter referred to as “Party A”)

 

Mailing
Address: Room 501-2059, Office Building of Development Zone, No.8, Xingshen South Road, Miyun District Economic Development Zone,
Beijing

 

Party
A’s Agent: Zhang Na

Telephone:
400 116 0055

Email:
service02@nash.work

 

Lessee:
Sheng Yin Xin (Beijing) Management Consulting Co., Ltd. (Hereinafter referred to as “Party B”)

 

Agent:

 

In
accordance with the provisions of the “Contract Law” of the People’s Republic of China as well as the relevant
laws and regulations, on an equal and voluntary basis, both parties reach the agreement on the matters concerning the house leasing,
and enter into this “House Leasing Contract” (Hereinafter referred to as the “Contract”), which shall
be abided by both parties.

 

Article
1: Basic conditions of underlying contract

 

	(A)	Party
    A agrees to lease:
	 	 
	 	The
    house located at Room 1102, Building 6#, Yard No.93, Jianguo Road, Chaoyang District, Beijing (Hereinafter referred to as
    the “underlying house”) in a well-equipped and leasable condition to Party B for use; the conditions of the house
    upon the handover for examination shall be subject to the “Letter of Confirmation for Handover of Underlying House”,
    which shall be signed by both parties in the format as set forth in the Appendix 3 to the Contract.
	 	 
	(B)	The
    underlying house under this contract shall be used only as the office. The formalities for registration for industry and commerce
    shall be gone through before the underlying house is put into service. Party B makes the commitment to abide by the national
    and municipal regulations on the house occupation and the property management as well as Party A’s regulations on property
    management. Party B shall provide Party A with the relevant documentary evidences (Including but not limited to the business
    license, and the business qualification for special industry) on the Party B’s right to operate the aforesaid house
    before the Contract is entered into. Without the written consent of Party A, Party B shall not change the intended use as
    stipulated above without authorization and unless it is reported to the relevant government department for approval.
	 	 
	(C)	The
    underlying house covers a floor area of 127.09 square meters.
	 	 
	(D)	Contract
    type of the house: Initial contract.

 

    	 	 	 

     

    

 

Article
2: Term of lease and date of delivery

 

	(A)	The
    term of lease under the Contract shall start from March 5, 2019 (Hereinafter referred to as the “starting date”)
    and expire on March 4, 2020 (Hereinafter referred to as the “expiry date”). Party A shall deliver the underlying
    house in the conditions as stipulated to Party B prior to the starting date of lease under the Contract. The standard for
    the underlying house to be delivered by Party A shall be subject to the actual conditions on site. The delivery of the underlying
    house shall be deemed as completed when both parties inspect and accept such house and fill in the “Letter of Confirmation
    for Handover of Underlying House”. Both parties agree that the aforesaid confirmation document shall be used as the
    basis for acceptance when Party A is delivering the underlying house to Party B and when Party B is returning such house to
    Party A upon the termination or early rescission of the Contract.
	 	 
	(B)	The
    underlying house shall be delivered to Party B on the starting date (Hereinafter referred to as the “date of delivery”)
    unless Party A notifies Party B otherwise in writing. In case of the failure to go through the formalities for delivery of
    the underlying house on the starting date for any reason attributable to Party A, both the staring date and the expiry date
    of the lease term shall be postponed accordingly; in case of the failure to go through the formalities for delivery of the
    underlying house on the starting date for any reason attributable to Party B, the underlying house shall be deemed as delivered
    to Party B on the starting date, and Party B shall pay the rent, service charge, and other expenses as stipulated in the Contract
    from the starting date.

 

Article
3: Rent, guarantee deposit, and service charge for house

 

	(A)	House
    rent:
	 	 
	 	House
    rent for the first year: RMB 22,572 Yuan/month;
	 	 
	(B)	Payment
    term for house rent: The rent shall be paid once every three (3) months, and shall be paid prior to the occupation. Party
    B shall pay the house rent for the next period at least fifteen (15) days prior to the due date of the house rent for each
    period. Please see the Appendix 2 “Schedule for Payment of House Rent and Guarantee Deposit” to the Contract
    for the specific date of payment and the amount of the rent in detail.
	 	 
	(C)	Guarantee
    deposit for house: Party B shall pay Party A the guarantee deposit in the amount of RMB 68,400.00 Yuan (In words: RMB
    Sixty-Eight Thousand Four Hundred Yuan Only), which shall be paid on the day on which the Contract is entered into. Where
    Party B fails to pay the rent and guarantee deposit for the house as stipulated in the Contract, Party A shall have the right
    not to deliver the underlying house and to terminate the Contract. Upon the expiry of the lease term or the termination of
    the Contract, the guarantee deposit for the house shall be used to offset against the costs and rents to be paid by Party
    B, as well as the liquidated damage to be borne by Party B, the residual balance (If any) shall be refunded in full to Party
    B without the accrual of interest, and the insufficient amount shall be further paid off by Party B. Party B shall not require
    to offset the rent and service charge for the house with the guarantee deposit except as aforesaid.
	 	 
	(D)	Service
    charge: Within the validity term of the Contract, Party B agrees that Party A may provide Party B with the house upgrading
    services (Including the space design, decoration service, office furniture assembly and installation service), and the management
    services (Including the space cleaning service, space maintenance service, wireless Wi-Fi service) with the underlying house
    as the carrier. Please see the Appendix 4 “Notes to Management Services” for details. For the aforesaid
    hose upgrading services and management services to be provided by Party A, Party B shall pay Party A the house upgrading service
    charge and the management service charge (Hereinafter referred to as the “service charge”).
	 	 
	 	The
    amount of the service charge is shown as follows:
	 	 
	 	The
    service charge for the first year: RMB 14,500.80 Yuan/month.

 

    	 	 	 

     

    

  

	(E)	Payment
    term for service charge: The service charge shall be paid once every three (3) months, and shall be paid prior to the
    use. The service period corresponding to such service charge shall be consistent with the period corresponding to the house
    rent. Party B shall pay the service charge for the next period at least fifteen (15) days prior to the due date of the service
    charge for each period. Please see the Appendix 2 “Schedule for Payment of House Rent and Guarantee Deposit”
    to the Contract for the specific date of payment and the amount of the service charge in detail.
	 	 
	(F)	During
    the performance of the Contract, the property management fee of such underlying house and the heating fee (If any) for the
    central heating system shall be paid by Party A, and the other costs and expenses occurring in relation to the underlying
    house shall be borne by Party B independently.

 

Article
4: Party A’s rights and obligations

 

	(A)	Party
    A shall present Party B the relevant certificates proving that Party A has the right to lease the underlying house under this
    contract.
	 	 
	(B)	Party
    A shall deliver the underlying house in a tidy condition and the equipment and facilities therein in a good condition to Party
    B for use, and remove the equipment and facilities in no relation to the “Letter of Confirmation for Handover of Underlying
    House”.
	 	 
	(C)	During
    the performance of the Contract, Party A shall not enter the underlying house without the consent of Party B, except for the
    otherwise specially stipulated herein or the special circumstances such as water leakage or firing.
	 	 
	(D)	Party
    B shall not cause any damage to the equipment and facilities in the house; in case of the change to the internal structure
    and decoration of the house or the installation of the equipment and facilities affecting the structure of the house, Party
    B shall obtain the prior written consent of Party A and pay the costs and expenses fully. Upon the throwing of the lease,
    Party A shall have the right to require Party B to reinstate the house or pay Party B the costs required for such reinstatement
    engineering except for the otherwise stipulated in the Contract.
	 	 
	(E)	Upon
    the termination of the Contract or the early rescission of the Contract, Party B shall work with Party A to check the indoor
    equipment and facilities; if such equipment and facilities are in a good condition, and the conditions of the underlying house
    are consistent with those upon the delivery by Party A to Party B, and Party B has paid off all the costs and expenses arising
    from the occupation of the underlying house (Including but not limited to the water, electricity and gas charges, Internet
    access and telephone fees, cable television bill, and parking fee), completed the formalities for registration migration (If
    any), and handed over the door keys of the underlying house to Party A (Hereinafter referred to as the “throwing formalities”),
    Party A shall refund the guarantee deposit in full to Party B without the accrual of interest an within seven (7) working
    days after going through the formalities for throwing of lease.

 

    	 	 	 

     

    

  

	(F)	Party
    A shall have the right to supervise Party B to use the underlying house legally; in case of any liability or any loss incurred
    to Party A due to Party B’s illegal action or Party B’s violation of the application range and purpose of the
    underlying house as stipulated in the Contract or the improper use of the underlying house, Party B shall be liable for compensation.
    In case of the damage to or failure in the underlying house and the auxiliary equipment and facilities, and the damage to
    or failure in the quick-wear and consumable facilities of the house due to the improper use by Party B, Party B shall be responsible
    for repair and pay the relevant costs; if Party B refuses to repair, Party A may repair on behalf at Party B’s cost.
	 	 
	(G)	Party
    B shall vacate and reinstate or restore the underlying house to the conditions acceptable to Party A on the termination date
    of the contract or on the day on which the Contract is rescinded in advance (Party A shall not pay Party B any costs and expenses
    for the decoration or appendage left) and return such house to Party A. Party A shall make no compensation for the loss of
    the value of the decoration facilities or equipment arising from the reinstatement of the underlying house by Party B.
	 	 
	(H)	While
    Party B returns the underlying house to Party A as stipulated in the Contract, both parties shall enter into the “Letter
    of Confirmation for Handover of Underlying House” in the format of the Appendix 3 to the Contract. After
    entering into such letter of confirmation, or after Party B has actually removed from the underlying house but such letter
    of confirmation is not entered into by both parties, or after Party B has left from the site, or if Party B fails to move
    out the items of the underlying house within five (5) natural days after the time limit, Party B shall be deemed as the waiver
    of the title to any decoration, fitting, facility and equipment, and item left in the underlying house, and Party A shall
    have the right to dispose of them at his own discretion; any disposal expense (Including but not limited to the handling fee
    and notarial fee) arising therefrom shall be borne by Party B, and Party A shall have the right to deduct such expense from
    the guarantee deposit, and Party A’s further right to recover from Party B shall not be discharged.
	 	 
	(I)	Where
    Party B fails to return the underlying house to Party A as stipulated in the aforesaid Paragraph (G) of Article 4 for
    any reason, Party A shall have the right to take the measures against the underlying house such as the cutoff of water supply
    and power supply, the cutoff of Internet, communication, and air conditioning supply, and/or the measures such as replacement
    of door locks of the underlying house, and deactivation of Party B’s employee cards, and/or the measures such as entry
    into the underlying house, repossession of the underlying house, and reinstatement of the underlying house to the conditions
    upon delivery. Party B shall not raise any objection to the above measures to be taken by Party A, or investigate and affix
    Party A’s any responsibility, or make claim to Party A for any compensation. In addition, Party B shall also pay Party
    A the house occupation fee in the amount equal to double sum of the daily rent and the daily service charge on a daily
    basis, which shall be calculated on the basis of the monthly rent and the monthly service charge upon the termination of the
    Contract or the early rescission of the Contract, and pay the relevant costs of the public utilities, until Party B completes
    the aforesaid the returning works. Moreover, Party B shall make compensation for all the losses (Including but not limited
    to the notarial fee, attorney’s fee, legal cost, the cost for reinstatement of the underlying house, and the penalty
    to be paid by Party A to the next lessee) incurred to Party A arising therefrom.
	 	 
	(J)	Within
    one (1) month prior to the expiry of the lease term of the Contract, Party A may negotiate with any third party on the lease
    of the underlying house in advance, Party B shall cooperate with Party A, including but not limited to the assistance such
    as permitting Party A or its agent to take such third party to inspect the house.

 

    	 	 	 

     

    

 

Article
5: Party B’s rights and obligations

 

	(A)	Party
    B shall have the right to use the underlying house after making full payment of the rent, service charge and guarantee deposit
    on schedule in accordance with the terms and conditions of the Contract.
	 	 
	(B)	Party
    B shall pay the costs and expenses as stipulated in Article 3 of the Contract on schedule.
	 	 
	(C)	Party
    B shall use the equipment and facilities in the underlying house properly, and make compensation according to the cost in
    case of any damage thereto.
	 	 
	(D)	Party
    B shall have no right to sub-lease the underlying house under the Contract in full or in part without the written consent
    of Party A.
	 	 
	(E)	Party
    B shall move out all of Party B’s items of the underlying house prior to the expiry date of the lease term (Including
    such date) or on the day on which the Contract is terminated in advance; in case of the failure to move out overdue for at
    least five (5) natural days, Party B shall be deemed as the automatic waive of the title to the items left in the underlying
    house, and Party A shall have the right to dispose of such items without the payment of any expense to Party B.
	 	 
	(F)	Upon
    the expiry of the lease term, where Party B does not violate the terms and conditions of the Contract during the performance
    period of the Contract and Party A intends to lease the underlying house, Party B shall be entitled to the first tenant right
    on the same terms and conditions granted to the other lessees. Where Party B intends to renew the lease, Party B shall file
    the written application for lease renewal to Party A at least sixty (60) days prior to the expiry of the lease term as stipulated
    in the Contract, and both parties may renegotiate and enter into a new lease contract with the written consent of Party A.
    Where Party B fails to file the written application for lease renewal within the aforesaid time limit or both parties fail
    to enter into the new lease contract within one (1) month after Party B files the application for lease renewal or Party A
    disagrees to further lease the underlying house to Party B, Party B shall loss the first lease right to the underlying house
    as a result, and the Contract shall terminate naturally upon the expiry of the lease term, and Party B shall return the underlying
    house as stipulated in the Contract.
	 	 
	(G)	Party
    B shall abide by the national laws, regulations and technical specifications on fire prevention, enforce the local firefighting
    regulations in the jurisdiction where the underlying house is located in, as well as the safety rules formulated by Party
    A, and fulfill its own duties on fire safety, so as to guarantee the fire safety. Party B shall not damage, embezzle, dismantle
    and shut down the firefighting facilities and appliances, and shall not change the installation positions of the firefighting
    devices without authorization.
	 	 
	(H)	Party
    B shall pay attention to the waterproof and fire prevention; in case of the damage to Party A and/or the other third parties
    due to flood or fire for any reason attributable to Party B, Party B shall undertake the relevant civil and criminal liabilities,
    and undertake the compensation liability for all the losses arising therefrom.
	 	 
	(I)	Party
    B shall waive the preemptive right to the underlying house.
	 	 
	(J)	Where
    Party B violates the contract and throws the lease in the midway, Party B shall return the invoices originally issued for
    rents and service charges (If any) to Party A, and Party A shall reissue the invoices for the rents and service charges to
    Party B according to the actual term of lease.

 

    	 	 	 

     

    

 

	(K)	In
    the underlying house, Party B shall not store the hazardous goods nor engage in any illegal activity. Where the underlying
    house is closed down by any judicial or administrative organ for any reason attributable to Party B, Party B shall make compensation
    for all the losses incurred to Party A arising therefrom, including but not limited to the cost for engagement of the lawyer
    by Party A, and the loss of rent and service charge receivable by Party A during the period of closedown.
	 	 
	(L)	Party
    B shall migrate the industrial & commercial and taxation registration address out of the underlying house or deregister
    such address within thirty (30) days upon the termination of the Contract or the early rescission of the Contract.
	 	 
	(M)	Party
    B shall abide by and perform the Contract for all purposes; where Party A safeguards the legitimate rights and interests by
    the legal means due to Party B’s breach of the Contract, Party B shall make compensation to Party A for the attorney’s
    fee, notarial fee, preservation cost, and traveling cost, and other expense arising therefrom.

 

Article
6: Repair and maintenance of house

 

	(A)	Within
    the term of lease, Party A shall be responsible for the repair and maintenance as a result of the aging of the house and the
    appendages thereto, equipment and facilities (But not including the items, equipment and facilities brought by Party B); Party
    B shall undertake the maintenance, repair and compensation responsibilities due to the improper use and storage of the house
    and the appendages thereto, equipment and facilities or for any human cause; where the repair and maintenance do no fall within
    the aforesaid scope, both parties shall resolve through otherwise negotiation according to the principle that the one causing
    such situation shall undertake the responsibility.
	 	 
	(B)	Within
    the term of lease, Party B shall maintain the normal service of the existing equipment and facilities in the house; and no
    adjustment shall be made without the prior written consent of Party A.
	 	 
	(C)	Regardless
    of the aforesaid provisions, whenever Party A is willing to maintain and repair the underlying house within the term of lease,
    Party B shall cooperate with Party A. Where Party A fails to maintain and repair on time due to Party B’s negligence
    or refusal to cooperate, Party B shall bear all the losses (Including the paid costs for maintenance and repair by a third
    party) arising therefrom.

 

Article
7: Termination of contract

 

	(A)	In
    case of any of the following acts committed by Party A, Party B shall have the right to terminate the Contract:

 

	 	(1)	Party
    A is unable to provide the relevant certificates for the right to lease the underlying house, so that Party B is unable to
    use the underlying house;
	 	 	 
	 	(2)	The
    house as well as the equipment and facilities to be provided by Party A do not meet the requirements as stipulated severely,
    so that Party B is unable to use the underlying house;
	 	 	 
	 	(3)	Party
    B is unable to use the underlying house for more than thirty (30) days because the organs of power restrict the real estate
    right in the underlying house by statutory ruling, decision on closedown, compulsory enforcement or other means for any reason
    attributable to Party A;

 

    	 	 	 

     

    

 

	 	(4)	Party
    A’s assets are subject to detainment, enforcement, or the other judicial and administrative proceedings with prejudice
    to the rights and interests in such assets, so that the further performance of the Contract is impossible;
	 	 	 
	 	(5)	Party
    A is subject to the insolvency and liquidation proceedings (Unless such liquidation is for the purpose of merger or reorganization),
    so that the purpose of the Contract cannot be achieved;
	 	 	 
	 	(6)	Party
    A closes or will close its business, so that the purpose of the Contract cannot be achieved;
	 	 	 
	 	(7)	Party
    A indicates that it will not continue to perform the Contract expressly or by its own conduct.

 

	(B)	In
    case of any of the following acts committed by Party B, Party A shall have the right to terminate the Contract, and take back
    the underlying house:

 

	 	(1)	Party
    B fails to pay the guarantee deposit as stipulated in the contract, or fails to go through the formalities for house handover
    with Party A within ten (10) days after the date of delivery as stipulated;
	 	 	 
	 	(2)	Party
    B fails to pay, in full and on schedule, the rent, service charge, guarantee deposit, and other expenses payable by Party
    B for at least ten (10) days as according to the Contract, or the amount of the owed rent, service charge, and the other expenses
    payable by Party B is higher than 15% of the sum of the monthly rent and the monthly service charge;
	 	 	 
	 	(3)	Without
    the written consent of Party A, Party B dismantles, modifies, and changes the internal and external structure of the underlying
    house without authorization, or the equipment and facilities of the underlying house are damaged for any reason attributable
    to Party B and not repaired on time, or Party B changes the intended use of the underlying house without authorization by
    violation of the provisions of Paragraph (B) of Article 1 hereof;
	 	 	 
	 	(4)	Party
    B makes use of the underlying house to store the hazardous goods or conduct the illegal activities;
	 	 	 
	 	(5)	Party
    B subleases the underlying house to a third party or uses the underlying house in cooperation with a third party without the
    written consent of Party A;
	 	 	 
	 	(6)	Party
    B’s assets are subject to detainment, enforcement, or the other judicial and administrative proceedings with prejudice
    to the rights and interests in such assets, so that the further performance of the Contract is impossible;
	 	 	 
	 	(7)	Party
    B is subject to the insolvency and liquidation proceedings (Unless such liquidation is for the purpose of merger or reorganization),
    so that the purpose of the Contract cannot be achieved;
	 	 	 
	 	(8)	Party
    B closes or will close its business, so that the purpose of the Contract cannot be achieved;
	 	 	 
	 	(9)	The
    other circumstances, under which the benefits of Party A or the lessor of the house property are impaired or the further performance
    of the Contract is impossible for any reason attributable to Party B, occur;
	 	 	 
	 	(10)	Party
    B indicates that it will not continue to perform the Contract expressly or by its own conduct;

 

    	 	 	 

     

    

 

	 	(11)	Party
    B violates the other terms and conditions of the Contract, and fails to remedy within fourteen (14) days after receiving the
    written notice from Party A.

 

	(C)	Where
    either party has to terminate the Contract unilaterally for his own reason, such party shall notify the other party in writing
    at least one (1) month in advance; where the other party consents to the termination, the party proposing the termination
    shall pay the other party the penalty in the amount equal to double sum of the monthly rent and the monthly service charge
    for the underlying house under the Contract. Where Party B has to terminate the Contract unilaterally for his own reason and
    with the consent of Party A, Party B shall notify Party A in writing at least one (1) month in advance, and then cooperate
    with Party A when Party A takes the potential lessee to inspect the house at the time as stipulated.
	 	 
	(D)	The
    other statutory circumstance under which the Contract shall be terminated.

 

Article
8: Liability for breach of contract

 

	(A)	Where
    Party B terminates the Contract with Party A for any reason as stipulated in Paragraph (A) of Article 7 herein, on
    the premises that Party B has paid off all the costs and expenses incurred due to the use of the underlying house, the rents
    and service charges payable by Party B shall be settled according to the actual days of usage; Party A shall refund to Party
    B the rent, service charge and guarantee deposit which have been paid but not applied, and shall pay Party B the penalty in
    the amount equal to double sum of the monthly rent and the monthly service charge for the underlying house under the Contract.
	 	 
	(B)	Where
    Party B fails to make the full payment of the rent, service charge, and other expenses payable by Party B on schedule as stipulated
    in the Contract, Party B shall pay Party A the penalty for the overdue payment in the amount equal to 1% of the due and unpaid
    sum for every overdue day. Where Party A terminates the Contract according to Item (2) of Paragraph (B) of Article 7
    herein, Party B shall still pay Party A the penalty for overdue payment in the amount equal to 1% of the due and unpaid sum
    according to the days of overdue payment prior to the termination of the Contract.
	 	 
	(C)	Where
    Party A terminates the Contract with Party B for any reason as stipulated in Paragraph (B) of Article 7 herein, on
    the premises that Party B has paid off all the costs and expenses incurred due to the use of the underlying house, the rents
    and service charges payable by Party B shall be settled according to the actual days of usage, and Party B shall pay Party
    A the penalty in the amount equal to double sum of the monthly rent and the monthly service charge for the underlying house
    under the Contract, which may be deducted directly from the rent, service charge and guarantee deposit which have been paid
    by Party B but not applied; any residual balance after such deduction shall be refunded by Party A to Party B, and the deficiency
    amount shall be made up by Party B.
	 	 
	(D)	Where
    Party B fails to migrate the industrial & commercial and taxation registration address out of the underlying house or
    deregister such address within thirty (30) days upon the termination of the Contract or the early rescission of the Contract,
    Party B shall pay Party A the compensation for loss of rent and service charge in the amount equal to 100% of the sum of the
    monthly rent and the monthly service charge for the underlying house under the Contract. Where Party B fails to migrate the
    industrial & commercial and taxation registration address out of the underlying house or deregister such address within
    thirty (30) days upon the termination of the Contract or the early rescission of the Contract, in addition to the payment
    of the aforesaid compensation, Party B shall also pay Party A the penalty in the amount equal to 200% of the sum of the monthly
    rent and the monthly service charge for the underlying house under the Contract for every day delayed since the 31st day.
    The aforesaid compensation and penalty may be deducted by Party A directly from the rent, service charge and guarantee deposit
    which have been paid by Party B but not applied; any residual balance after such deduction shall be refunded by Party A to
    Party B, and the deficiency amount shall be made up by Party B.

 

    	 	 	 

     

    

 

Article
9: Liability exemption condition

 

	(A)	In
    case of the impossible further performance of this agreement or the loss incurred due to the force majeure factor, either
    party shall take no liability to each other.
	 	 
	(B)	The
    force majeure means the unforeseeable, unavoidable, and unconquerable objective circumstances, including but not limited to
    earthquake, tsunami, riot, and act of government.
	 	 
	(C)	When
    the force majeure event occurs, either party shall be liable to notify the other party immediately of the occurrence of such
    force majeure event, and shall take the necessary measures to prevent the further loss. In case of the further loss due to
    the negligence to notify or negligence to take necessary preventive measures, such party shall undertake the compensation
    liability to the other party for such further loss.
	 	 
	(D)	In
    the event that the Contract is terminated for the aforesaid reason, the rent and the service charge shall be calculated according
    to the actual time of usage. If the time is less than a whole month, the rent and service charge shall be calculated according
    to the number of days, and the balances will be paid to either party as the case may be.

 

Article
10: Notice and service

 

	(A)	In
    addition to the mailing addresses and the contact persons as set forth in the Appendix 1 hereto “Settled Enterprise
    / Individual Information Table”, the address of the underlying house shall also be deemed as the valid address and
    contact person for Party A to send the notice to Party B under this contract. Party A’s mailing address and contact
    person as set forth on Page [2] of this contract shall be the valid address and contact person for Party B to send the notice
    to Party A. both parties confirm that the aforesaid mailing addresses shall be the valid service address of the parties for
    the litigation instruments respectively in case of any dispute arising between both parties unless such mailing addresses
    are changed according to the following Paragraph (B).
	 	 
	(B)	If
    either party designates the other address and contact person or changes the address and contact person, such party shall notify
    the other party in writing immediately. The party negligent in notification shall undertake the legal consequences which are
    unfavorable to such party.

 

    	 	 	 

     

    

 

	(C)	If
    the notice is sent to the courier for delivery or delivered by hands, such notice shall be deemed as served when the other
    party signs for it (Any person’s signature affixed under the mailing address of either party shall be deemed as the
    authorized signature of the recipient); where the date of sign-for is undefined or the notice is returned due to the unsuccessful
    receipt and rejection by the recipient or the change of address, such notice shall be deemed as served on the fifth day after
    the notice is sent or delivered by courier or by hands; if the notice is sent by registered mail, such notice shall be deemed
    as served on the fifth day after the delivery; if the notice is sent via email, such notice shall be deemed as served when
    the data message of such notice arrives in the email as designated by the other party; if the time at which the data message
    of such notice arrives in the email as designated by the other party, the notice shall be deemed as served on the day on which
    the email is sent successfully as indicated in the sender’s system. In addition to the above modes of service, Party
    A may also post the relevant notices or documents at the door of the underlying house, and the date of posting shall be deemed
    as the date of service.
	 	 
	(D)	Either
    party must send to the other party the notice of important matters involving the claim, waive, alternation or release of the
    rights or obligations under the Contract in writing.

 

Article
11: Miscellaneous

 

	(A)	Definition
    of daily rent

 

	 	(1)	Definition
    of contractual month: Taking the first contractual month as the example, the starting date of the contractual month shall
    be deemed as the lease commencement date under the Contract, and the ending date of the contractual month shall be the number
    of the month within which the lease commencement date under the contract plus 1 and the number of the date minus 1.
	 	 	 
	 	(2)	Definition
    of daily rent: Daily rent = Monthly rent / Number of natural days in each “contractual month”.
	 	 	 
	 	 	Example:
    The amount of the monthly rent under the contract is RMB 5,000 Yuan, and the estimated period corresponding to the house rent
    is from February 15, 2016 to May 14, 2016, so the total amount shall b RMB 15,000 Yuan. The respective daily rent corresponding
    to each contractual month is shown as follows:
	 	 	 
	 	 	The
    first contractual month: From February 15 to March 14, there are 29 days in such contractual month, and the daily rent = RMB
    5,000 Yuan/29 days = RMB 172.41 Yuan;
	 	 	 
	 	 	The
    second contractual month: From March 15 to April 14, there are 31 days in such contractual month, and the daily rent = RMB
    5,000 Yuan/31 days = RMB 161.29 Yuan;
	 	 	 
	 	 	The
    third contractual month: From April 15 to May 14, there are 39 days in such contractual month, and the daily rent = RMB 5,000
    Yuan/30 days = RMB 166.67 Yuan;
	 	 	 
	 	(3)	Definition
    of daily service charge: Daily service charge = Monthly service charge / Number of natural days in each “contractual
    month”.
	 	 	 
	 	 	Example:
    The amount of the monthly service charge under the contract is RMB 5,000 Yuan, and the estimated period corresponding to the
    house service charge is from February 15, 2016 to May 14, 2016, so the total amount shall b RMB 15,000 Yuan. The respective
    daily service charge corresponding to each contractual month is shown as follows:
	 	 	 
	 	 	The
    first contractual month: From February 15 to March 14, there are 29 days in such contractual month, and the daily service
    charge = RMB 5,000 Yuan/29 days = RMB 172.41 Yuan;
	 	 	 
	 	 	The
    second contractual month: From March 15 to April 14, there are 31 days in such contractual month, and the daily service charge
    = RMB 5,000 Yuan/31 days = RMB 161.29 Yuan;

 

    	 	 	 

     

    

 

	 	 	The
    third contractual month: From April 15 to May 14, there are 39 days in such contractual month, and the daily service charge
    = RMB 5,000 Yuan/30 days = RMB 166.67 Yuan;
	 	 	 
	 	 	Definition
    of daily service charge: Daily service charge = Monthly service charge / Number of natural days in each “contractual
    month”.

 

	(B)	Notes
    to account of payment

 

Collection
method of rent: The payment methods of the rent include the payment at POS, and the remittance of cheque to the account as designated
by Party A. Party A’s rent collection account is shown as follows:

 

Name
of account: Nashwork Kaixuan Science & Technology (Beijing) Co., Ltd.

Deposit
bank: Beijing Asian Sports Village Branch of China Merchants Bank

Account
No.: 110933120110901

 

Article
12: Settlement of dispute and effectiveness of contract

 

	(A)	Any
    dispute arising from the Contract shall be settled by the parties through negotiation; if such negotiation is unsuccessful,
    the lawsuit shall be brought to the people’s court with competent jurisdiction in the place where the underlying house
    is located.
	 	 
	(B)	The
    execution and performance of, the interpretation to, and the settlement of dispute under the Contract shall be governed by
    the laws of the People’s Republic of China; for the only purpose of the Contract, the People’s Republic of China
    referred to herein shall not include Hong Kong Special Administrative Region, Macao Special Administrative Region, and Taiwan.
	 	 
	(C)	This
    agreement is in duplicate, either party holds one. For any matter not covered herein, the supplementary terms and conditions
    shall be entered into otherwise. Both the supplementary terms and conditions and the appendices hereto shall constitute an
    integral part of this agreement, and have the same legal effect as this agreement.
	 	 
	(D)	This
    agreement is entered into on February 25, 2019, and comes into effect upon the online APP confirmation by Party B or the offline
    confirmation by signing on paper document or the traditional seal affixed by Party B.

 

Lessor
(Party A): Special Seal of Nashwork Kaixuan Science & Technology (Beijing) Co., Ltd.

 

Party
A’s Seal: Nashwork Kaixuan Science & Technology (Beijing) Co., Ltd.

Agent:
Zhang Na

 

Lessee
(Party B):

 

Party
B’s Seal: Sheng Ying Xin (Beijing) Management Consulting Co., Ltd.

Agent:

 

    	 	 	 

     

    

 

	Nashwork	Contract
    No.: E-CZL-KX-ZZ-TI-2019022500161

 

Appendix
1: Settled Enterprise / Individual Information Table

 

Settled
Enterprise / Individual Information Table

 

To:
Distinguished lessee

 

In
order to better serve both parties hereto and maintain the statutory rights and interests of either party, you are required to
assist our company to fill in the columns of the following table.

 

For
the information provided by you, our company will abide by the professional ethics strictly, and maintain it confidentiality according
to law.

 

	Corporate
    User (Fill in with following information) 
	*Name
    of Enterprise	Sheng
    Ying Xin (Beijing) Management Consulting Co., Ltd. 	*Enterprise
    Email	13681422333@168.com
	*Type
    of Documentary Evidence	Business
    license 
	*Documentary
    Evidence Code	Unified
    social credit code (Registration No.): 911101053182983370
	*Type
    of Industry	Others
    	*Scale
    of Company	In-service
    Staff: 15-30 employees 
	*Mailing
    Address	Unit
    13-14, Apartment 1501#, Unit 1, Building 1#, No.1, East Third Ring Middle Road, Chaoyang District, Beijing 
	*Contact
    Person	Li
    Yi	*Email	13681422333@168.com
	*Telephone	13681422333
    
	Remark	 
	Individual
    User (Fill in with following information) 
	*Name	 
	*Name
    of Certificate 	 
	*Certificate
    No.	 
	*Mailing
    Address	 
	*Telephone	 	*Email	 
	Employer
    	 	Type
    of industry 	 
	Entrusted
    Agent (If any, fill in with following information) 
	*Name	 
	*Name
    of Certificate 	 
	*Certificate
    No.	 
	*Mailing
    Address	 
	*Telephone	 	*Email	 
	 	 	 	 	 	 	 

 Note:
1. The fields with “*” in the table are the required fields;

 

I
/ we make the commitment that the aforesaid information to be filled in by me / us shall be authentic, lawful, and valid.

 

Lessee
(Seal): Sheng Ying Xin (Beijing) Management Consulting Co., Ltd.

 

Date
of Signing: February 25, 2019

 

    	 	 	 

     

    

 

	Nashwork	Contract
    No.: E-CZL-KX-ZZ-TI-2019022500161

 

Appendix
2: Schedule for Payment of House Rent and Guarantee Deposit

 

Schedule
for Payment of House Rent and Guarantee Deposit

 

Term
of contract: The term of lease shall start from March 5, 2019 and end on March 4, 2020.

 

Years
of lease and rent and service charge:

 

1st
year of lease: From March 5, 2019 to March 4, 2020, the amount of the rent is RMB (In figures) ¥22,572.00 Yuan/month, and
the amount of the service charge is RMB (In figures) ¥14,500.90 Yuan/month;

 

Schedule
for payment of guarantee deposit and rent:

 

	1.	Schedule
    for payment of guarantee deposit

 

The
deposit in the amount of RMB 68,400.00 Yuan shall be paid on February 25, 2019;

 

	2.	Schedule
    for payment of rent

 

	 	1)	The
    amount of RMB 111,218.40 Yuan (Including the rent of RMB 67,716.00 Yuan and the service charge of RMB 43,502.40 Yuan) shall
    be paid on March 5, 2019; the period corresponding to such amount is from March 5, 2019 to June 4, 2019;
	 	 	 
	 	2)	The
    amount of RMB 111,218.40 Yuan (Including the rent of RMB 67,716.00 Yuan and the service charge of RMB 43,502.40 Yuan) shall
    be paid on May 21, 2019; the period corresponding to such amount is from June 5, 2019 to September 4, 2019;
	 	 	 
	 	3)	The
    amount of RMB 111,218.40 Yuan (Including the rent of RMB 67,716.00 Yuan and the service charge of RMB 43,502.40 Yuan) shall
    be paid on August 21, 2019; the period corresponding to such amount is from September 5, 2019 to December 4, 2019;
	 	 	 
	 	4)	The
    amount of RMB 111,218.40 Yuan (Including the rent of RMB 67,716.00 Yuan and the service charge of RMB 43,502.40 Yuan) shall
    be paid on November 20, 2019; the period corresponding to such amount is from December 5, 2019 to March 4, 2020;

 

(No
Text Below)

 

Lessor
(Party A): Special Seal of Nashwork Kaixuan Science & Technology (Beijing) Co., Ltd.

 

Party
A’s Seal: Nashwork Kaixuan Science & Technology (Beijing) Co., Ltd.

Agent:
Zhang Na

 

Lessee
(Party B):

 

Party
B’s Seal: Sheng Ying Xin (Beijing) Management Consulting Co., Ltd.

Agent:

 

    	 	 	 

     

    

 

	Nashwork	Contract
    No.: E-CZL-KX-ZZ-TI-2019022500161

 

Appendix
3: Letter of Confirmation for Handover of Underlying House

 

Letter
of Confirmation for Handover of Underlying House

 

	Basic Information 
	Internet Account 	Initial Internet Password
	 	 
	Decoration	Name of Item	Conditions of Decoration 	Remark 
	Floor 	Carpet: pieces: 	 
	Wall 	
        Logo wall: pieces:

         

        Others:
	 
	Window 	 	 
	Door 	Anti-theft door: pieces; Indoor doors: pieces; 	 
	Partition 	Quantity: pieces; material: partition of the house cannot be dismantled; 	 
	Others 	 	 
	Item	Name of Article	Brand	Quantity	Damage
	Furniture in office area 	Boss desk	 	 	 
	Office table 	 	 	 
	Single-row table for one	 	 	 
	Single-row table for two	 	 	 
	Single-row table for three	 	 	 
	Seats for two 	 	 	 
	Seat for four 	 	 	 
	Seat for six 	 	 	 
	Boss chair 	 	 	 
	Station chair 	 	 	 
	Mobile cabinet 	 	 	 
	File cabinet 	 	 	 
	Lamp on boss table	 	 	 
	Others 	 	 	 
	Others 	 	 	 
	Furniture in leisure area	Negotiating table 	 	 	 
	Table 	None	 	 
	Folding table 	None	 	 
	Tea table 	 	 	 
	Side table 	None	 	 
	Lounge chair 	 	 	 
	Love-seat sofa 	 	 	 
	Prince stool 	 	 	 
	Bar chair 	 	 	 
	Bar table (long) 	 	 	 
	Bar table (circular) 	 	 	 
	Footstool 	 	 	 
	Others 	 	 	 
	Others 	 	 	 
	Others 	 	 	 
	 	 	 	 	 	 

 

    	 	 	 

     

    

 

	Furniture in conference area	Conference table for one	 	 	 
	Conference table for three	 	 	 
	Conference table for four	 	 	 
	Conference table for six	 	 	 
	Conference chair 	 	 	 
	Others 	 	 	 
	Others 	 	 	 
	Accessories in rest area 	Bench pendant lamp in water bar	 	 	 
	Message board in water bar	 	 	 
	Wall lamp 	 	 	 
	Decorative painting 	 	 	 
	TV frame 	 	 	 
	Mirror 	None	 	 
	Coat hanger 	 	 	 
	Others 	 	 	 
	Others 	 	 	 
	Electric appliance 	Television 	 	 	 
	Remote control of electric appliance	 	 	 
	Air conditioner 	 	 	 
	Remote control of air control 	 	 	 
	Refrigerator 	 	 	 
	Microwave oven 	 	 	 
	Router/switch 	 	 	 
	Information on charges	Item 	Meter base 	Balance / Yuan	Payment code	With / without card	Remark 
	Cold water 	 	 	 	 	 
	Reclaimed water 	 	 	 	 	 
	Hot water	 	 	 	 	 
	Fuel gas charge	 	 	 	 	 
	Ammeter 	 	 	 	 	 
	Others 	 	 	 	 	 

 

	Information on key token	Item 	Quantity / unit	Paid or not 	Remark 
	Key 	 	 	 
	Access control card	 	 	 
	Smart door lock 	 	 	 
	Others 	 	 	 
	Both parties jointly confirm that the above conditions meet the requirements for delivery and acceptance of the member’s space, and approve the handover. 
	Delivery date of house: 
	Party A’s seal: Special Seal of Nashwork Kaixuan Science & Technology (Beijing) Co., Ltd.	Party B’s seal: 
	Nashwork Kaixuan Science & Technology (Beijing) Co., Ltd.	Sheng Ying Xin (Beijing) Management Consulting Co., Ltd. 
	Note: This letter of confirmation shall become valid only for the relevant “House Leasing Contract”.
	 	 	 	 	 	 

    	 	 	 

     

    

 

	Nashwork	Contract
    No.: E-CZL-KX-ZZ-TI-2019022500161

 

Appendix
4: Notes to Management Services

 

House
Upgrading Service Period of Service: Covering the term of service contract

 

	Item	Content
    of Service
	Content
    of service 	1.
        Space design service: On the basis of the original structure and conditions of the underlying house, in combination
        with Party A’s understanding of the office scenario, make the spatial arrangement and planning, and carry out the
        spatial function design;

         

        2.
        Decoration service: On the basis of the space design scheme, carry out the constructions of the hardware transformation,
        water and power supply transformation for the underlying house, in order to ensure the comfortable working conditions
        in the underlying house;

         

        3.
        Office furniture and appliance installation service: On the basis of the space design scheme, implement the office
        furniture design, customized assembly, soft adornment design, customized assembly, and provide the office appliances,
        in order to meet the requirement for full furnishing of the space.

	Commitment
    of service	The
        space designer with long-term industrial experience shall make overall planning and design of the space;

         

        The
        materials conforming to national requirements shall be used, and the professional construction shall be conducted on the
        basis of the professional specifications as required by the state;

         

        The
        brand electric appliances and brand furniture shall be provided in order to guarantee the quality of the space.

 

“Weekly
Cleaning” Cleaning Service Frequency of Service: Once every week

 

	Item	Content
    of Service
	Content
    of service 	Quality
        guarantee: Rework unconditionally within three (3) days for the unsatisfactory service.

         

        Time
        effect guarantee: Every serviceman shall cover 5km, and provide the on-the-spot service in four (4) hours.

         

        Personnel
        guarantee: The cleaning workers shall not go on duty without certification.

         

        Disinfection
        guarantee: The professional high-pressure vapor cleaning equipment shall be provided.

	Content
    of service 	Deducting
    cleaning 	The
    cleaning range of the “weekly cleaning” cleaning service covers the boss room, office area, rest room, water bar,
    and leisure area. 
	Disinfection
    cleaning 	Features
        services of “weekly cleaning” cleaning:

         

        After
        the high-temperature vapor disinfection of the toilet, toilet lid, and bowl with German Karcher® high-temperature
        vapor disinfector, stick the disinfection seal; put the toilet bowl cleaner into the tank of the toilet, clean and sterilize
        the bow continuously, so as to offer the double guarantee.;

	Sterilization
    cleaning 	Special
        services of “weekly cleaning” cleaning:

         

        Implement
        the operations of sterilization and disinfection for the door lock, door knob, and door access phone with the disposable
        medical alcohol pad (3M brand with alcohol content of 75%);

	 	Cleaning
    standards 	1.
        Floor: Free of dirt, clean without dust and odor;

        2.
        Rest room: Free of debris and odor; overall clean without waterlogging; toilet, wash basin, mirror, wall, and floor are
        wiped up;

        3.
        Office furniture: Free of dust, and the articles are arranged in order (Subject to the requirements of the members);

        4.
        Tea room: Clean and tidy, free of dirt and waterlogging;

        5.
        Window sill and balcony: Free of dust and water ponding, free of waste and odor in the surroundings, and the articles
        are arranged in order;

        6.
        Power switches and lamps: Free of dust and dirt;

        7.
        Firefighting devices: Free of dust and dirt;

        8.
        Tags and marks: Free of dust and dirt;

        9.
        Trash can: Free of dirt, dust, water ponding, free of waste in surroundings; clear away the wastes in the trash can.

 

    	 	 	 

     

    

 

Underlying
House Repair Service Frequency of Service: At actually required by Party B

 

	Item	Content
    of Service
	Content
    of service 	Door-to-door
        repair implemented in forty-eight (48) hours;

         

        Provide
        the detection service free of charge;

         

        Party
        A shall bear all the costs of the repair arising from the non-human damage.

	Range
    of repair 	The
        electric appliances and office furniture, which are not the main structure of the house, not the water, power, and gas
        meters and the house pipelines, and go beyond the quality warranty period as committed by the service provider.

         

        1.
        Walls, doors and windows;

        2.
        Water and heat supply, and circuits;

        3.
        Electric appliances and equipment;

        4.
        Office furniture.

	Commitment
    of service	1.
        For the comprehensive repair system, the personnel shall make the house call within twenty-four (24) hours after the reporting;

        2.
        For the electrical repair system, the personnel shall make the house call within thirty-six (36) hours after the reporting;

        3.
        For the emergency repair, the personnel shall make the house call within two (2) hours after the reporting.

 

Wireless
Wi-Fi Service Period of Service: Covering the term of service contract

 

	Item	Content
    of Service
	Content
    of service 	1.
        50M standard broadband (Excluding special items);

        2.
        Internet access into household and installation of Wi-Fi equipment;

        3.
        Provision of enterprise-level wireless router.

	Commitment
    of service	Stable
    and rapid Internet service. 

 

    	 	 	 

     

    

 

Supervised
by Ministry of Construction of the People’s Republic of China

 

Construction
House Registration No.: 11001

 

    	 	 	 

     

    

 

Beijing
Property Right Certificate Chaoyang Private No.125862 [05]

 

In
accordance with the Constitution of the People’s Republic of China and the Law of the People’s Republic
of China on Urban Real Estate Management, in order to protect the property right owner’s legal rights and interest,
the property as set forth herein for which the property owner files the application for registration is reviewed and verified
authentic, and this certificate is hereby issued.

 

Issuing
authorities (Seal): Beijing Committee of Construction (Seal)

 

    	 	 	 

     

    

  

	Housing
    owner	Yu
    Hongmei 
	Location	Room
    1102, Building 6#, Yard No.93, Jianguo Road, Chaoyang District 
	Land
    (Parcel) No.	I-2-2-90
    (1)	Type
    	Private
    estate
	Conditions
    of housing 	Building
    No.	Room
    No.	Structure	Total
    stories of building	Floor	Floor
    area (m2)	Designed
    purpose
	No.6	1102	Steel
    reinforced concrete	30
    (02)	10th	127.09	Dwelling
    (Apartment)
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	127.09	 
	Co-owners:
    owners including 	Co-ownership
    certificate No.: From To
	Abstract
    of land use conditions 
	Land
    certificate No.	 	Usable
    area (m2)	 
	Nature
    of ownership	 	Service
    life	From
    YY MM DD To YY MM DD 
	Abstract
    of other rights
	Obligee	Type
    of Right	Scope
    of Right	Value
    of Right (RMB Yuan)	Date
    of Creation 	Period
    Stipulated	Date
    of cancellation 
	China
    Minsheng Bank Beijing Branch	Mortgage
    	Full	RMB
    1,119,000.00 Yuan	 	 	 
	China
    Merchants Bank Beijing Wanda Square Branch	Mortgage
    	Full
    	RMB
    1,781,421 Yuan	July
    5, 2007	 	Mortgage
    Cancellation in Chaoyang May 3, 2007 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

Special
Seal for Mortgage of Housing Authority of Chaoyang District, Beijing (Seal)

 

Special
Seal for Housing Ownership Registration of Construction Committee of Chaoyang District, Beijing (Seal)

 

    	 	 	 

     

    

 

	Note
    
	 

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

 

Construction
Committee of Chaoyang District, Beijing

 

Completed
and Issued by (Seal): Special Seal for Housing Ownership Registration of Construction Committee of Chaoyang District, Beijing
(Seal)

 

Date
of Completion and Issuance: October 8, 2005

 

    	 	 	 

     

    

 

Beijing
Housing Register Form

 

	Page
    1/1 	Unit
    of Area: 	Square
    Meter (m2)

 

	Location
    	Building
    6#, Yard No.93, Jianguo Road, Chaoyang District 	 	Drawing
    No.	I-2-2-90
    (1)
	Owner
    	Yu
    Hong Mei	 	Land
    No.	 
	Type
    of Property	Private
    Property 	Purpose
    of Housing 	Dwelling
    (Apartment) 	Area
    of Parcel Land	Total
    Area of Land Occupied Storied Building and One-Storey Building 
	Floor
    Area of One-Storey Building	 	Floor
    Area of Storied Building	127.09	Floor
    area of Storied Building and One-Storey Building 	127.09
	Building
    No.	Total
    Floors 	Floor
    No.	Location
    & Housing No.	Structure
    	Year
    of Building	Number
    of Sets	Floor
    area 	Including
    	 	Land
    Area Occupied by and Usable Area of Building
	Inside
    Floor Area (Including Balcony)	Floor
    Area of Balcony 	Common
    Allocated Floor Area 
	No.6	30
    (-02)	10th	No.1102	Reinforced
    concrete 	2005	1	127.09	99.96	 	27.13	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Subtotal
    of This Page	 	127.09	99.96	 	27.13	 	 
	Total
    	 	127.09	99.96	 	27.13	 	 
	Note:
    In addition, the floor area of            m2 is not
    included in the above total floor area. 
	Remark
    	Coefficient:
    0.271411 

 

	Date
    of Surveying: March 7, 2005	Filled
    in by: Yun Peng	Checked
    by:	Date
    of Fill-in: July 15, 2005

 

Supervised
by Beijing Real Estate Surveying and Mapping Institute

 

    	 	 	 

     

    

 

Housing
Ownership Certificate No.:              

Land
Certificate No.:              

 

	Land
        No.: I-2-2-90

        Location:
        Building 6#, Yard No.93, Jianguo Road, Chaoyang District

         

        

         

        阳台
        Balcony

         

        Floor
        10th

         

         

 

	Mapped
    by: Yun Peng	Checked
    by:	March
    7, 2005

 

    	 	 	 

     

    

 

Matters
Needing Attention

 

	1.	This
    certificate is a legal credential for the housing ownership. The housing ownership shall be protected by the laws of the People’s
    Republic of China.
	 	 
	2.	The
    housing owner must abide by the national laws, regulations, and rules concerning the real estate strictly.
	 	 
	3.	In
    case of the transfer of the real estate (Sales and purchase, exchange, donation, inheritance, division, appropriation, assignment,
    and judgment), change of the real estate (Change in legal name of the real estate proprietor or change in street and house
    number at which the housing is located, and the change in the current situation of the housing due to the partial reconstruction,
    demolition, collapse and burning-down of the housing), creation of other rights (Real estate mortgage right, pawning right,
    and so on), as well as the termination of the title to the real estate due to the extinction of housing or land, the expiration
    of the land usage term, and the termination of other rights, the obligee shall file the application for registration with
    the relevant certificates at the real estate ownership registration authority of the local people’s government in the
    jurisdiction where the housing is located in within the time limit as stipulated.
	 	 
	4.	Except
    for the certificate issuance authority and the filling-in organization, any other organization or individual shall not record
    any matter or affix any seal on such certificate.
	 	 
	5.	Whenever
    the real estate management authority has to check the property right for the requirement of work, the holder of the housing
    ownership certificate shall present such certificate.
	 	 
	6.	This
    certificate shall be kept properly; in the event that this certificate is lost or destroyed, the application shall be filed
    for reissuance.

 

No.:
02727803

 

    	 	 	 

     

    

 

 

Name:
Yu Hongmei

Gender:
Female Nationality: Han

Date
of birth: August 10, 1978

Residing
address: No.19, Xiaowang Road, Shinan District, Qingdao City, Shandong

ID
No.: 130105197808101567

Only
Used for Housing Renting

 

 

Resident
Identity Card of the People’s Republic of China

 

Issuing
Authority: Shinan Sub-Bureau of Qingdao Public Security Bureau

 

Validity
Term: From July 23, 2014 to July 23, 2034qts_Ex10_2

		
			Exhibit 10.2
		

		
			 
		

		
			QTS REALTY TRUST, INC.
		

		
			2013 EQUITY INCENTIVE PLAN
		

		
			PERFORMANCE SHARE UNIT AGREEMENT
		

		
			 (Performance-Based FFO Units)
		

			
					
						Performance Share Units

					
					
						    

					
					
						This Agreement evidences an award of PSUs in the Target Number set forth on the cover sheet and subject to the terms and conditions set forth in the Agreement and in the Plan.  

				
	
					
						The Plan

					
					
						 

					
					
						The text of the Plan is incorporated in this Agreement by reference.

					
						Certain capitalized terms used in this Agreement are defined in the Plan, and have the meaning set forth in the Plan.

					
						This Agreement and the Plan constitute the entire understanding between you and the Company regarding this grant.  Any prior agreements, commitments or negotiations concerning this grant are superseded; except that any written employment, consulting, confidentiality, non-competition, non-solicitation and/or severance agreement between you and the Company or any Affiliate shall supersede this Agreement with respect to its subject matter, unless explicitly superseded by this Agreement.  

				
	
					
						Transfer of Performance Share Units

					
					
						 

					
					
						The PSUs may not be sold, assigned, transferred, pledged, hypothecated or otherwise encumbered, whether by operation of law or otherwise, nor may the PSUs be made subject to execution, attachment or similar process.  If you attempt to do any of these things, the PSUs will immediately become forfeited.

				
	
					
						Vesting 

					
					
						 

					
					
						The PSUs shall become earned and vested in accordance with Exhibit A.  

				
	
					
						Certain Terminations

					
					
						 

					
					
						Notwithstanding the terms of any employment agreement between you and the Company or an Affiliate that addresses the treatment of equity awards upon a termination of employment, in the event of your Involuntary Termination prior to the Certification Date, you shall remain eligible to earn a pro rata portion of the number of PSUs that become earned in accordance with Exhibit A, and such number of PSUs that becomes earned shall fully vest as of the Certification Date (as defined in Exhibit A).  The prorata portion described in the preceding sentence shall be equal to a fraction, (i) the numerator of which equals the number of days elapsed in the Performance Period through the date of your Involuntary Termination, and (ii) the denominator of which equals the total number of days in the

				

		
			 
		

		
			
		

		
			

		 

		

			1

		

 

		

		
			 
		

			
					
						 

					
					
						 

					
					
						Performance Period.  In the event of your Involuntary Termination following the Certification Date but prior to the third anniversary of the Grant Date, all remaining unvested PSUs shall become fully vested on the date of such Involuntary Termination.

					
						For purposes of this section, “Involuntary Termination” means termination of your Service by reason of (i) your death; (ii) your Disability; (iii) your involuntary dismissal by the Company or its successor for reasons other than Cause; or (iv) your voluntary resignation for Good Reason as defined in any applicable employment or severance agreement, plan, or arrangement between you and the Company, or if none, then following (x) a substantial adverse alteration in your title or responsibilities; (y) a reduction in your annual base salary or a material reduction in your annual target bonus opportunity; or (z) the relocation of your principal place of employment to a location more than 35 miles from your principal place of employment or the Company's requiring you to be based anywhere other than such principal place of employment (or permitted relocation thereof); provided that, you have first given notice to the Company of the occurrence of an act described in (x), (y) or (z) within 90 days of the initial occurrence and the Company has not remedied such occurrence within 30 days after receipt of such notice.

				
	
					
						Change in Control

					
					
						 

					
					
						Notwithstanding any provision of the Plan to the contrary, upon the consummation of a Change in Control prior to December 31, 2020, in which the PSUs are assumed, or restricted securities of equivalent value are substituted for the PSUs, by the Company or its successor, the PSUs shall cease to be subject to the performance conditions set forth in Exhibit A,  and two-thirds of the Target Number of PSUs will become vested as of December 31, 2020, and one-third of the Target Number of PSUs will become vested on the third anniversary of the Grant Date, subject to your continued Service through each vesting date; provided that, in the event of your Involuntary Termination within the 12-month period following the consummation of the Change in Control, all remaining unvested shares shall become fully vested.  If the PSUs are not assumed or substituted for in connection with any Change in Control, you will become immediately vested in 100% of the Target Number of PSUs, notwithstanding any provision of the Plan to the contrary.

					
						For purposes of this section, “Involuntary Termination” means termination of your Service by reason of (i) your death; (ii) your Disability; (iii) your involuntary dismissal by the Company or its successor for reasons other than Cause; or (iv) your voluntary resignation for Good Reason as defined in any applicable employment

				

		
			 
		

		
			
		

		
			

		 

		

			2

		

 

		

		
			 
		

			
					
						 

					
					
						 

					
					
						or severance agreement, plan, or arrangement between you and the Company, or if none, then as set forth in the Plan following (x) a substantial adverse alteration in your title or responsibilities from those in effect immediately prior to the Change in Control; (y) a reduction in your annual base salary as of immediately prior to the Change in Control (or as the same may be increased from time to time) or a material reduction in your annual target bonus opportunity as of immediately prior to the Change in Control; or (z) the relocation of your principal place of employment to a location more than 35 miles from your principal place of employment as of the Change in Control or the Company's requiring you to be based anywhere other than such principal place of employment (or permitted relocation thereof) except for required travel on the Company's business to an extent substantially consistent with your business travel obligations as of immediately prior to the Change in Control; provided that, you have first given notice to the Company of the occurrence of an act described in (x), (y) or (z) within 90 days of the initial occurrence and the Company has not remedied such occurrence within 30 days after receipt of such notice.

				
	
					
						Forfeiture of Unvested Performance Share Units

					
					
						 

					
					
						Unless the termination of your Service triggers accelerated vesting of your PSUs or other treatment pursuant to the terms of this Agreement or the Plan, you will automatically forfeit to the Company all of the PSUs that have not vested in the event you have a Separation from Service.

					
						Effective as of the Certification Date (as defined in Exhibit A), you will forfeit to the Company all of the PSUs that do not become earned under the Award, as determined by the Committee.  

				
	
					
						Delivery

					
					
						 

					
					
						Delivery of the Shares represented by your vested PSUs shall be made within 30 days of the applicable vesting date set forth in Exhibit A, or, if earlier, your Separation from Service resulting in your immediate vesting of PSUs.

				
	
					
						Forfeiture of Rights

					
						 

					
					
						 

					
					
						If you should take actions in violation or breach of or in conflict with any non-competition agreement, any agreement prohibiting solicitation of employees or clients of any the Company or any Affiliate or any confidentiality obligation with respect to the Company or any Affiliate or otherwise in competition with the Company or any Affiliate, the Company has the right to cause an immediate forfeiture of your rights to the PSUs awarded under this Agreement and the PSUs shall immediately expire.

					
						In addition, if you have vested in PSUs during the three year period prior to your actions, you will owe the Company a cash payment (or

				

		
			 
		

		
			
		

		
			

		 

		

			3

		

 

		

		
			 
		

			
					
						 

					
					
						 

					
					
						forfeiture of Shares) in an amount determined as follows: (1) for any Shares that you have sold prior to receiving notice from the Company, the amount will be the proceeds received from the sale(s), and (2) for any Shares that you still own, the amount will be the number of Shares owned times the Fair Market Value of the Shares on the date you receive notice from the Company (provided, that the Company may require you to satisfy your payment obligations hereunder either by forfeiting and returning to the Company the Performance Shares or any other Shares or making a cash payment or a combination of these methods as determined by the Company in its sole discretion).   

				
	
					
						Leaves of Absence

					
					
						 

					
					
						For purposes of this Agreement, you do not have a Separation from Service when you go on a bona fide leave of absence that was approved by your employer in writing if the terms of the leave provide for continued Service crediting, or when continued Service crediting is required by applicable law.  You will have a Separation from Service in any event when the approved leave ends unless you immediately return to active employee work.

					
						Your employer may determine, in its discretion, which leaves count for this purpose, and when you have a Separation from Service for all purposes under the Plan in accordance with the provisions of the Plan. Notwithstanding the foregoing, the Company may determine, in its discretion, that a leave counts for this purpose even if your employer does not agree.

				
	
					
						Withholding Taxes

					
					
						 

					
					
						You agree as a condition of this grant that you will make acceptable arrangements to pay any withholding or other taxes that may be due as a result of the vesting of the PSUs.  In the event that the Company or any Affiliate determines that any federal, state, local or foreign tax or withholding payment is required relating to the vesting of the PSUs arising from this grant, the Company or any Affiliate shall have the right to require such payments from you, or withhold such amounts from other payments due to you from the Company or any Affiliate (including withholding the delivery of vested Shares otherwise deliverable under this Agreement).

				
	
					
						Retention Rights

					
					
						 

					
					
						This Agreement and the grant evidenced hereby do not give you the right to be retained by the Company or any Affiliate in any capacity. Unless otherwise specified in an employment or other written agreement between the Company or any Affiliate and you, the Company or any Affiliate reserves the right to terminate your Service at any time and for any reason.

				

		
			 
		

		
			
		

		
			

		 

		

			4

		

 

		

		
			 
		

			
					
						Shareholder Rights and Dividend Equivalent Rights

					
					
						 

					
					
						You have no rights as a shareholder of the Company (including, without limitation, the right to receive quarterly or special dividends) with respect to the PSUs unless and until a certificate for the Shares relating to the vested PSUs has been issued to you (or an appropriate book entry has been made).

					
						Notwithstanding the foregoing, the Company grants you a Dividend Equivalent Right relating to each PSU which vests, if any, pursuant to this Agreement or the Plan.  If the Company declares a cash dividend on the Company’s outstanding Shares prior to the date the PSUs vest in accordance with Exhibit A, the amount of the cash dividend per Share declared prior to such vesting date shall be deemed to be reinvested in additional Shares. Any such reinvestment shall be at Fair Market Value on the date of reinvestment.  Your Dividend Equivalent Right will be settled in a number of Shares equal to the number of PSUs which vest pursuant to this Agreement, multiplied by the number of additional Shares determined in accordance with the preceding sentence.  Delivery of the Shares representing your Dividend Equivalent Right shall occur concurrently with the delivery of the Shares represented by your vested PSUs.  

				
	
					
						Clawback

					
					
						 

					
					
						This Award is subject to mandatory repayment by you to the Company to the extent you are or in the future become subject to any Company “clawback” or recoupment policy that requires the repayment by you to the Company of compensation paid by the Company to you in the event that you fail to comply with, or violate, the terms or requirements of such policy.

					
						If the Company is required to prepare an accounting restatement due to the material noncompliance of the Company, as a result of misconduct, with any financial reporting requirement under the securities laws and you knowingly engaged in the misconduct, were grossly negligent in engaging in the misconduct, knowingly failed to prevent the misconduct or were grossly negligent in failing to prevent the misconduct, you shall reimburse the Company the amount of any payment in settlement of this Award earned or accrued during the 12-month period following the first public issuance or filing with the United States Securities and Exchange Commission (whichever first occurred) of the financial document that contained such material noncompliance.

					
						Notwithstanding any other provision of the Plan or any provision of this Agreement, if the Company is required to prepare an accounting restatement, then you shall forfeit any Shares received in connection with this Award (or an amount equal to the fair market value of such

				

		
			 
		

		
			
		

		
			

		 

		

			5

		

 

		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						Shares on the date of delivery if you no longer hold the Shares) if pursuant to the terms of this Agreement, the amount of the Award earned or the vesting in the Award was explicitly based on the achievement of pre-established performance goals set forth in this Agreement (including earnings, gains, or other criteria) that are later determined, as a result of the accounting restatement, not to have been achieved.

				
	
					
						Applicable Law

					
					
						 

					
					
						This Agreement will be interpreted and enforced under the laws of the State of Maryland, other than any conflicts or choice of law rule or principle that might otherwise refer construction or interpretation of this Agreement to the substantive law of another jurisdiction.

				
	
					
						Data Privacy

					
					
						 

					
					
						In order to administer the Plan, the Company may process personal data about you.  Such data includes, but is not limited to, information provided in this Agreement and any changes thereto, other appropriate personal and financial data about you such as your contact information, payroll information and any other information that might be deemed appropriate by the Company to facilitate the administration of the Plan.

					
						By accepting this grant, you give explicit consent to the Company to process any such personal data.

				
	
					
						Purchase Price

					
					
						 

					
					
						If a purchase price is required by Applicable Law, it shall be deemed paid by your prior or future Service.

				
	
					
						Electronic Delivery

					
					
						 

					
					
						The Company may choose to deliver certain statutory materials relating to the Plan in electronic form.  By accepting this grant you agree that the Company may deliver the Plan prospectus and the Company’s annual report to you in an electronic format.  If at any time you would prefer to receive paper copies of these documents, please contact Shirley Goza at shirley.goza@qtsdatacenter.com or 913-312-5503 to request paper copies of these documents.

				
	
					
						Code Section 409A

					
					
						 

					
					
						For purposes of this Agreement, you shall have a “Separation from Service” when the Company reasonably anticipates that your level of Service will permanently decrease to no more than 20 percent of the average level of Service you have performed over the immediately preceding 36-month period (or such lesser period of your Service with the Company and its Affiliates), which shall be interpreted consistently with the provisions of Section 409A of the Code and the regulations promulgated thereunder (“Section 409A”).

					
						It is intended that the Agreement comply with Section 409A to the extent subject thereto, and, accordingly, to the maximum extent permitted, the Agreement will be interpreted and administered to be in

				

		
			 
		

		
			
		

		
			

		 

		

			6

		

 

		

		
			 
		

			
					
						 

					
					
						    

					
					
						compliance with Section 409A.  To the extent that the Company determines that you would be subject to the additional taxes or penalties imposed on certain nonqualified deferred compensation plans pursuant to Section 409A as a result of any provision of this Agreement, such provision shall be deemed amended to the minimum extent necessary to avoid application of such additional taxes or penalties.  The nature of any such amendment shall be determined by the Company.  Notwithstanding anything to the contrary in this Agreement or the Plan, to the extent required to avoid accelerated taxation and penalties under Section 409A, amounts that would otherwise be payable and benefits that would otherwise be provided pursuant to the Agreement during the six-month period immediately following your Separation from Service will instead be paid on the first payroll date after the six-month anniversary of your Separation from Service (or your death, if earlier).  Each installment of PSUs that vests under this Agreement (if there is more than one installment) will be considered one of a series of separate payments for purposes of Section 409A.

				

		
			 
		

		
			By signing this Agreement, you agree to all of the terms and conditions described above and in the Plan.
		

		
			 
		

		
			
		

		
			

		 

		

			7

		

 

		

		
			 
		

		
			EXHIBIT A
		

		
			The number of PSUs that may be earned under the Award (“Earned PSUs”) shall be based on based on the Company’s Run-Rate over the Performance Period, determined as follows:
		

		
			 
		

			
					
						Run-Rate for the
Performance Period

					
					
						Earned PSUs

				
	
					
						$3.20

					
					
						200% of the Target Number of PSUs

				
	
					
						$3.00

					
					
						100% of the Target Number of PSUs

				
	
					
						$2.85

					
					
						50% of the Target Number of PSUs

				
	
					
						< $2.85

					
					
						0% of the Target Number of PSUs

				

		
			 
		

		
			 
		

			
	
			
				 1.
			

			
	
			
			If the Run Rate for the Performance Period is less than $2.85, none of the Target Number of PSUs shall be earned for the Performance Period.

			
	
			
				 2.
			

			
	
			
			If the Company’s Run Rate for the Performance Period equals $3.00, then 100% of the Target Number of PSUs shall become Earned PSUs.

			
	
			
				 3.
			

			
	
			
			To the extent that the Run Rate of the Company is greater than $2.85 and less than $3.00, then a number of PSUs between 50% and 100% of the Target Number of PSUs will become Earned PSUs, determined by linear interpolation.

			
	
			
				 4.
			

			
	
			
			To the extent that the Run Rate of the Company is greater than $3.00 and less than $3.20, then a number of PSUs between 100% and 200% of the Target Number of PSUs will become Earned PSUs, determined by linear interpolation.

			
	
			
				 5.
			

			
	
			
			In no event shall more than 200% of the Target Number of PSUs set forth on the cover sheet become Earned PSUs under this Agreement.

		
			 
		

		
			Promptly following the completion of the Performance Period (and no later than seventy-five (75) days following the end of the Performance Period), the Committee will review and certify in writing (i) the Run Rate for the Performance Period and (ii) the Earned PSUs, with any fractional PSUs rounded down to the next whole integer (such date, the “Certification Date”).  Such certification will be final, conclusive, and binding.
		

		
			 
		

		
			To the extent the Committee certifies a positive number of Earned PSUs, then the Earned PSUs shall vest: (a) as to two-thirds of the Earned PSUs, on the Certification Date, and (b) as to one-third of the Earned PSUs, on the third anniversary of the Grant Date, subject to your continued Service through each applicable vesting date.
		

		
			 
		

		
			 
		

		
			
		

		
			

		 

		

			8

		

 

		

		
			For purposes of this Exhibit A:
		

		
			 
		

		
			“Performance Period” shall mean the period commencing on January 1, 2019 and ending on December 31, 2020.
		

		
			“Run-Rate” shall mean ‘Operating Funds From Operations available to common shareholders and OP unit holders per diluted share’, as reported in the Company’s financial statements in its Supplemental Information to the Earnings Report, for the fourth fiscal quarter (Three Months Ended) ending December 31, 2020, multiplied by 4; provided, however, the Committee shall have discretion to make appropriate adjustments for extraordinary items.
		

		 

		

			9

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