Document:

Exhibit
10.4

 

Housing
Lease Contract

 

Lessor
(Party A): Dongguan Yuantai Sports Equipment Co. Ltd

 

Lessee
(Party B): YMA Composite Materials (DG) Co., Ltd.

 

After
the negotiation between Party A and Party B, both parties have signed the following terms of the contract, which will jointly implemented
by.

 

Article
1: Party A shall agree that the lease will be located on in 4/F and 5/F, Block B, Industrial Zone, 93 Tangxia Main Road South,
Dongguan City, with an area of approximately 750 square meters for Party B to use.

 

Article
2: Rental terms

 

1.
The lease is a 3 year fixed contract, which starts from 26 February 2022 to 25 February 2025. After the end of this contract, Party B
shall have the priority to renew the contract under the same terms and conditions.

 

2.
Party B will start to pay rent in 26 February 2022.

 

3.
The rent of the production plant is RMB16,500 yuan, the rent of the dormitories is ____ yuan. Other fees: management fees _____yuan,
elevator maintenance fees RMB500yuan, production plant manager fees ____ yuan, cleaning fees _____ yuan, security fees ________ yuan,
a total of RMB17000 yuan (Renminbi Seventeen thousand yuan only) (Note: The amount of rent does not include tax. If Party B requests
an invoice according to the current tax standard, Party B shall pay 5.5% of the rent amount as the actual tax to Party A.)

 

4.
The monthly rent increases by _____% every two years.

 

    	 

     

    

 

5.
After the signing of this contract, Party B shall, within three working days from the date of receipt of Party A’s payment request,
pay to Party A three-month’s rent of 49500 yuan for the production plant and dormitory as a security deposit for the performance
of this contract (the actual expenses shall be confirmed with receipts), and at the same time complete payment of the rent for three
month of production plant and dormitory of RMB6300 yuan. If this contract is expires, Party B shall withdraw the lease and handover the
property for inspection. Party A shall return the security deposit paid by Party B after all the payment have been settled.

 

Article
3: Water and Electricity Supply

 

1.
Part A provides 315 KVA of the electricity to Party B for use. The sum of the rated power of all Party B’s equipment and its domestic
electricity load shall not exceed the electricity applied for (the basic electricity fee and surcharge shall be charged according to
the regulations of the Power Supply Bureau). Party B shall be responsible for the lines and devices connected to Party B’s equipment
in the electrical room. Part B shall install lighting meters and power meters that have passed the inspection of the power supply department
in the power distribution room. The production equipment must be installed with qualified leakage devices. When the installation is complete,
it can only have power transmission after it has been accepted by the electrician of the property management office. The workshop is
charged at 1.4yuan/KWH for peak, peak:1.1yuan/KWH, Flat: 0.84 yuan/KWH, valley: 0.34 yuan/KWH, and dormitory electricity is charged at
1.2 yuan/KWH. In addition, Party B will be charged 6% of the monthly electricity fee for power transformation and distribution equipment,
facility maintenance funds, 6% of transformer and wire losses, Party B will install water meters at the specified location, and the water
used in the factory and the drinking water will be delivered at 6 yuan/square.

 

2.
Party A provides the elevator for Party B to use, and Party B must use it within the safe range of the freight elevator, and it is forbidden
to carry people and overload; if Party B violates the operation during the use process, the consequences shall be borne by Party B; the
electricity cost of the elevator shall be paid by Party B and the shared persons according to the actual situation. cost sharing.

 

3.
The electricity fee for public lighting shall be charged in proportion to the leased area and shall be borne by Party B.

 

4.
Party A leases the premise to Party B in the current state. Party B declares that it has inspected the leased part on site before signing
this contract, fully understands and accepts the premise and its existing decoration and facilities.

 

5.
During the contract period, if the state adjusts the price of water and electricity in a unified manner, Party A will make a corresponding
increase based on the above.

 

    	2

     

    

 

Article
4: Rights and Obligations of Party A

 

1.
Party A is responsible for the property management of the industrial zone, and is responsible for the maintenance and management of the
public area of the buildings and public area in the zone.

 

2.
Party A is responsible for the maintenance and management of the supporting public facilities and equipment in the industrial park (water
supply system, transformer, power distribution room, fire-fighting facilities, etc.); responsible for the repair and maintenance of the
main structure of the factory building in the industrial park to ensure the normal use of the factory building, such as if there is rain
leakage or damage to the outside of the workshop or the roof, it is necessary to arrange personnel to repair and handle within one day
to ensure the normal use of Party A.

 

3.
Cooperate and assist the public security organs to carry out security work such as public security monitoring and inspections (but not
including personal and property insurance and custody responsibilities).

 

4.
If Party B needs to register a business license for renting the above-mentioned premises, Party A shall assist with Party B in order
to go through relevant procedures.

 

5.
Party A must be equipped with relevant personnel to conduct scientific and safe management of the leased premise, and provide a favorable
environment for production and living.

 

6.
Party A guarantees that it has the right to lease the above-mentioned premises, otherwise the losses caused to Party B shall be borne
by Party A.

 

7.
To collect and pay rent, water, electricity, etc.

 

8.
Management of cleaning, greening and decoration in the area; (Party A is responsible for Party B’s internal disposal of industrial
waste)

 

9.
Party A is responsible for property management services, Party A charges Party B’s plant property management fee per month at a
rate of one yuan per square meter.

 

Article
5: Rights and Obligations of Party B

 

1.
Party B shall pay Party A the rent of the leased premise and other expenses on a monthly basis. The expenses consist of: (1) the rent
of the current month (2) the water and electricity charges of the previous month (3) various miscellaneous expenses (elevator fee, basic
electricity fee, sanitation fee, Village committee fees, late fees, etc.).

 

2.
Party B must be paid all rental fees before the 5th day of each month. In case of festivals and holidays, it will be postponed on schedule,
and Party B will send the rental fees to management office.

 

    	3

     

    

 

3.
If Party B fails to pay off all lease fees on time, Party B shall pay penalty to Party A, which shall be calculated at 10% of the amount
owed every day, otherwise Party A has the right to cut off electricity, water or take other corresponding measures, (Party B shall be
responsible for all losses caused by water outage and power outage. If Party B is in arrears for more than 20 days, Party A shall have
the right to refuse to refund the rental deposit and take back the rental premise, and shall have the right to detain and dispose of
Party B’s movable and immovable property such as equipment of equal value, Party B must pay all outstanding fees, late fees and
liquidated damages before moving out.

 

4.
Upon the expiration of the lease term, Party B must move out the belongings on the contract termination date, and shall not damage all
premise accessories (cables, doors and windows, ceilings, interior and exterior walls, decoration, etc.) that were decorated and decorated
during the lease period. The lease deposit shall be returned to Party B without interest within 7 days after the settlement of the balance
with Party A. After Party B’s relocation and acceptance, if there is still any leftover in the premise, it shall be deemed that
Party B has given up the ownership and shall be disposed of by Party A.

 

5.
During the lease period, Party B must operate in accordance with the law, and complete the relevant procedures in accordance with the
regulations of the relevant departments of industry and commerce, environmental protection, fire protection, taxation, etc. If the leased
premise needs to be decorated, the decoration specifications and all materials must comply with the regulations of the fire department.
All losses and legal liabilities caused by all parties shall be borne by Party B.

 

6.
When the lease term expires or the contract is terminated, if Party B does not move out on time, Party B is willing to pay the premise
usage fee on a daily basis, and the payment standard is twice the daily rent (usage fee).

 

7.
Upon the expiration of the contract, if Party A’s leased premise needs to continue to be leased, under the same conditions, Party
B has the priority to lease.

 

8.
During the contract period, if Party B requests to terminate the contract in advance, the rental deposit collected by Party A shall not
be refunded and shall be compensated for two months to Party A as compensation. At the same time, Party B must notify Party A in writing
two months in advance before terminating the contract. Otherwise, Party A shall bear the loss of rent during the period when Party A
fails to find a tenant after the termination of the contract.

 

9.
Party B must use the leased premise reasonably according to the purpose of the premise, and shall not change the purpose without permission,
if there is any consequences and it shall be borne by Party B.

 

10.
Party B shall not arbitrarily change the structure of the workshop and dormitory, and shall not change the load-bearing walls, formwork
beams, pillars, etc. If the workshop and dormitory need to be renovated, construction drawings must be drawn and submitted to the engineering
department of the company for approval before construction, and also pay for the construction deposit, If there is no construction drawing
or if the deposit is not paid, or the construction is not allowed, or the construction is not according to the drawing, the deposit will
not be refunded.

 

    	4

     

    

 

11.
Party B shall not use the leased premise to store dangerous goods and carry out illegal activities. Noise, sewage and exhaust emissions
must meet the environmental protection requirements of the state and local governments, otherwise, all consequences shall be borne by
Party B.

 

12.
Party B shall decide whether to buy premise property insurance according to the condition of the leased premise. For the insurance production
business, full property insurance must be purchased for the premise (1,000 yuan insurance compensation per square meter). At the same
time, Party B should strengthen fire prevention work. If both parties suffer losses due to fire and other management reasons, the compensation
from the premise insurance will be belonged to Party A, and the equipment insurance compensation will be belonged to Party B.

 

13.
Party B shall, in accordance with the (Labor Law, Labor Contract Law) and other laws and regulations on wage payment regulations formulated
by the national and local governments at all levels, pay employee wages on time and shall not be in arrears, otherwise Party A shall
have the right to terminate the contract and not refund the security deposit.

 

14.
Party B shall not sublease or sub-lease the leased premise, and shall not carry out production and living in violation of the regulations
of relevant government departments such as fire protection and environmental protection, and shall not store valuables in the leased
premise. Party A shall not be responsible for any loss.

 

15.
Party B shall not use induction cooker, heat up quickly, cook or stir-fry vegetables in the rented dormitory, but can have meals in the
industrial park. If Party A’s circuit is damaged due to violation of this clause, and Party B shall compensate for the loss. If
other accidents are caused, Party B shall bear the corresponding legal responsibilities.

 

16.
In the process of using the premise, Party B should take care of the premise and its ancillary facilities. If the premise structure and
surrounding facilities are damaged due to human mistakes, Party B should repair it in time. If it cannot be repaired, Party B must pay
for the compensation.

 

17.
During the period of renting the premise, Party B shall pay attention to safety production and fire prevention work, and the load of
the premise shall not exceed the load-bearing requirements, otherwise, Party B shall be responsible for the accidental casualties and
all settlement losses.

 

18.
After entering the site, Party B shall not occupy the fire exit without permission, shall not obstruct public land and public facilities,
shall not cut, damage, alter or interfere with the public water, electricity or gas supply and fixed installations such as drains, culverts,
pipes, cables, fire-fighting facilities, etc. in the industrial area.

 

    	5

     

    

 

19.
In order to ensure the public safety of the tenants, Party B must apply for a work permit for itself and its employees in time after
entering the site. Party B shall properly handle the internal relations of its own employees and resolve the internal conflicts between
employees and the company’s employees in a timely manner. At the same time, Party B shall educate the employees not to climb in
the workshop, dormitory corridor and stairway, and not to throw objects from high altitudes, and Party B shall bear all the consequences.
Party A shall not be held responsible for any personal injury or accident of Party B’s employees.

 

20.
During the lease period, Party B shall educate its employees to pay attention to fire prevention, pay attention to environmental sanitation,
save water and electricity, wear a label when entering and leaving, not littering, abide by social ethics, abide by the relevant regulations
of the industrial park and all enterprises in the industrial park. Friendly coexistence and mutual support of the industry, and assist
Party A to manage and coordinate the industrial park.

 

21.
Party B must remain Party A’s business confidential, and shall not disclose the information of this contract to other third parties
for commercial or non-commercial purposes. Party B shall be responsible for the rental every year.

 

22.
If Party B breaches the above terms, Party A may terminate the contract at any time without refunding the rental deposit. At the same
time, Party B must obey the management of Party A after using the site. If Party B maliciously disobeys the reasonable management of
Party A, Party A can do so at any time. Termination of the contract will not refund the rental deposit. If Party B’s breach of
contract violates laws and regulations, Party A will transfer it to the judicial authority for handling.

 

Article
6: Matters which are not stipulated in this contract or not clearly stipulated shall be resolved through negotiation between the
two parties, and may support it by supplemental agreement if needed. The supplemental agreement has the same legal effect as this contract.

 

Article
7: During the validity period of this contract, if one of the following circumstances occurs, it is allowed to cancel or amend this
contract:

 

1.
Force majeure makes the performance of this contract impossible:

 

2.
The government requisitions, acquires, recovers or seizes the leased real estate;

 

3.
Irresistible natural disasters, wars or other unforeseeable events;

 

4.
Both parties reach an agreement.

 

    	6

     

    

 

Article
8: Neither party shall breach the contract, otherwise, the breaching party shall compensate the other party for all economic losses.

 

Article
9: This contract is made in two copies, Party A and Party B hold one copy each, which will take effect after both parties sign it,
and both have the same legal force.

 

Article
10: The following documents listed in appendix are essential part of this contract, including Appendix 1 Fire Safety Responsibility
Statement, Appendix 2 Safety Production Responsibility Letter.

 

Party
A: Dongguan Yuantai Sports Equipment Co. Ltd        (Seal)

 

Legal
representative: (signature)

 

Date:
26 February, 2026

 

Party
B: YMA Composite Materials (DG) Co., Ltd.      (Seal)

 

Legal
representative: (signature)

 

Date:
26 February, 2026

 

    	7

     

    

 

Appendix
1: Fire Safety Responsibility Letter

 

In
order to conscientiously implement the national fire safety laws and regulations, effectively maintain the stability of the industrial
park, and to ensure the safety of life and property in the park, we hereby enter into the following fire safety responsibility letter
with Party A.

 

1.
It is necessary to conscientiously implement the various guidelines and policies of government departments on fire safety, adhere to
the fire protection policy of “prevention first, combined with fire protection”, and conscientiously do a good job in fire
safety in industrial parks.

 

2.
Fire safety equipment must be prepared and installed in accordance with fire protection regulations before the official production, to
ensure that the equipment can be used normally, and to do a good job in the maintenance and management of the equipment.

 

3.
During the decoration period and the production operation period, the fire passage should be kept unobstructed, and it is not allowed
to stack items in the fire passage to block the passage.

 

4.
Various fire safety systems should be formulated according to their own production characteristics, so that fire safety work is arranged,
inspected, responsible for the division of labor, and responsibilities are assigned to people. The fire safety system should be put in
place and ready for inspection at any time.

 

5.
The fire safety inspection system must be implemented, routine inspections are carried out every day, and special inspections are carried
out every week.

 

6.
Regularly carry out fire safety publicity, remind and educate employees, popularize fire protection knowledge, improve fire safety awareness,
and be proficient in the operation methods of firefighting equipment. Flammable and explosive materials are not allowed to enter the
park.

 

7.
When a fire or a fire accident is found, arrange personnel to save the fire in a timely manner, and report it in a timely manner, protect
the scene and assist relevant departments in investigation and handling.

 

    	8

     

    

 

8.
Establish and sort out the fire safety data account in a timely manner, establish and improve the information reporting system and rapid
response mechanism.

 

9.
Designate a specific person to be responsible for fire safety within five days after entering the industrial park, and report to the
property supervisor for registration. The person in charge is elected as a member of the Fire Protection Committee of the Industrial
Park, and obeys the management of the Fire Protection Committee. When the person in charge changes, he/she should do a good job in the
fire protection handover and notify the director of the Fire Protection Committee in advance.

 

10.
Designate the staff responsible for fire safety as the direct responsible person for fire safety, and take direct responsibility for
our fire safety, and our responsible person assumes leadership responsibility.

 

11.
If the responsible person changes, we will adjust and do a good job handover in time, and the letter of responsibility will continue
to be valid.

 

12.
This Letter of Responsibility will take effect from the date of signature.

 

Lessee:
YMA Composite Materials (DG) Co., Ltd.     (Seal)

 

Date:
26 February, 2026

 

    	9

     

    

 

Appendix
2 Safety Production Responsibility Letter

 

In
order to clarify the responsibilities of production safety work, conscientiously implement the various requirements of the government
and the company for production safety work, and to ensure the safe production and normal operation of the enterprise, we hereby enter
into the following safety production responsibility letter with Party A:

 

1.
The person in charge of our party is the first responsible person for the safety production work, and is fully responsible for the safety
production (including traffic safety) work of the unit and its subordinate departments.

 

2.
Conscientiously implement the guidelines and policies of the party and the government on production safety, and supervise and manage
in accordance with the responsibilities stipulated by laws and regulations and the requirements of the production safety capital system,
prevent and reduce production safety accidents, and protect the lives and properties of the people Safety and protect the legitimate
rights and interests of employees.

 

3.
Put the safety production work in an important position for the operation and service of the unit, arrange regular safety production
work meetings, study preventive measures, formulate feasible early warning plans, and solve various problems in safety production in
a timely manner; record meeting minutes for every meeting and register in the ledger.

 

4.
Break down the safety production work by different levels according to the requirements of the responsibility system, implement it to
all relevant departments and employees, and conduct regular inspections to supervise the implementation of the safety production responsibility
system in order to eliminate all kinds of accidents.

 

5.
Establish and improve the safety production responsibility system and organizational management network of the unit, set up a leading
group for the implementation of safety production management, and assign part-time safety production management personnel.

 

6.
Adopt a variety of methods to strengthen the publicity and education of safety production laws, regulations and safety knowledge, and
improve employees’ safety awareness.

 

7.
Strictly implement the safety production operating procedures:

 

(1)
To formulate and strictly implement safety production regulations;

 

    	10

     

    

 

(2)
It is strictly forbidden to use fire, electricity and gas in violation of regulations, and strictly manage flammable, explosive, highly
toxic and other dangerous goods;

 

(3)
Ensure the normal operation of the fire-fighting equipment system, implement the fire-fighting responsibility system, and ensure that
civil air defense and the organic combination of machine defense;

 

(4)
Strengthen traffic safety education, strictly abide by traffic safety laws and regulations, and ensure safe operation;

 

(5)
Strengthen public security precautions, ensure the safety of the internal items of the unit and the properties it manages, and prevent
the occurrence of various public security cases and accidents

 

(6)
Practitioners of boilers, elevators, mechanical processing equipment, etc. must present their certificates when they come to work, and
strengthen pre-training and recurrent training and re-education of on-the-job personnel, and present in daily maintenance and maintenance
of equipment.

 

8.
In the event of a major casualty accident or a major safety accident during the lease period, we will impose economic penalties and administrative
sanctions on those responsible for the safety production work to ensure that the accident has nothing to do with the lessor.

 

9.
In case of any change in appointment, we will adjust and present handover in time, and the letter of responsibility will continue to
be valid.

 

10.
This Letter of Responsibility will take effect from the date of signature.

 

Lessee:
YMA Composite Materials (DG) Co., Ltd.      (Seal)

 

Date:
26 February, 2022

 

    	11Exhibit
10.5

 

Contract
Number:

 

Housing
Lease Contract

 

Lessor
(Party A): Dongguan Yuantai Sports Equipment Co. Ltd

 

Lessee
(Party B): YMA Composite Materials (DG) Co., Ltd.

 

In
order to protect the legitimate interests of both parties, in line with the principle of equality, mutual benefit and friendship and
according to the relevant laws of this country, after adequate negotiation between the two parties, the leasing of production plants,
dormitories, and related matters located in 128 industrial district, Tangxia town, Dongguan City, by Party A to Party B, is agreed under
the following terms and shall be jointly implemented by both parties:

 

Article
1: Leased production plants, vacant site, and dormitories

 

1.
Party B shall agree to lease in the land use right of the subject land located in No.613, Dongfu Guoyong 2003, N. 128 Industrial Zone,
Tangxia Town, Dongguan City, PRC (The registered area of land on the land certificate is 12031.9 square meters. The certificate code
of right to real estate on the land is Canton housing C2415546-2415549, 4 copies in total) and all buildings and their ancillaries on
the land. The production plant has a frame structure, with firefighting facilities fully equipped in the main body, to be rented to Party
B for its use.

 

2.
At the time of signing of this lease contract, Party B has fully understood the status and condition of the leased property, and Party
B hereby accepts the same.

 

Article
2: Contract Term

 

1.
From 26 February, 2022 to 25 February, 2025, a total of 36 months.

 

2.
Party B confirms that at the time contract is signed, Party A has transferred the leased property to Party B on an as is basis.

 

Article
3: Rental Date

 

1.
The rental date of the production plant and dormitory is commenced on 26 February, 2022.

 

    	1

     

    

 

Article
4: Payment method of rent, utilities, and security deposit

 

1.
During the lease period, the rent per month of the leased property is RMB1,030,000, and the amount of rent does not include tax, which
shall be paid separately by Party B and its related parties to the relevant government department.

 

2.
The leased property shall be managed by Party B at their own expense during the lease term, and Party A does not provide management services
for the leased property.

 

3.
Party B shall pay to Party A the monthly rent 5 days before each new month, in case of holidays and public holidays will be postponed
as scheduled, rent should be delivered to the bank account designated by Party A.

 

4.
Party B shall, within three working days from the date of receipt of Party A’s payment request, pay to Party A three-month’s
rent of RMB3,090,000 (Renminbi three million and ninety thousand yuan) for the production plant and dormitory as a security deposit for
the performance of this contract, and at the same time complete payment of the rent for three month of production plant and dormitory
of RMB 990,000 (Renminbi ninety nine hundred thousand yuan). Party A shall collect the security deposit and shall issue a receipt of
the same amount to Party B.

 

5.
After the signing of this contract, if Party B fails to perform its contractual obligations within the agreed time limit, Party A shall
have the right to terminate the contract. If Party A agrees to continue the performance of contract, then Party B shall pay five thousandths
of the total security deposit daily as contractual penalty until the security deposit is fully paid.

 

Article
5: Obligations of Party A

 

1.
Party A guarantees that they have full ownership of the leased property under this contract, and there is no dispute to the ownership.

 

2.
Party A to ensures that the main production plant construction is in line with the requirements of fire protection, and has issued and
filed the construction project papers in regards to fire protection to Party B. Party B is responsible for the compliance of fire protection
regulations after re-renovation. Party B should renovate according to fire protection regulations.

 

3.
Party A shall hand over the production plants and dormitories to Party B on an as is basis. Party B, can carry out re-renovation on the
production plant. Party A should ensure that the leased property and its ancillary facilities are in normal operating conditions. The
parties shall confirm and describe in detail with records on the current status of the leased property and its ancillary facilities,
subsidiary properties etc.

 

4.
Party A provides existing power supply facilities for Party B to use. If Party B needs to increase the capacity of power supply, then
Party B should pay at their own expense and apply to relevant departments. From the date of signing this contract, Party B shall be responsible
for the maintenance of the relevant power supply facilities.

 

    	2

     

    

 

5.
If force majeure events occur, such as government actions (including: government power cutoff, power line maintenance, municipal pipeline
constructions) or weather conditions (e.g. earthquakes, storms), causing water outage, power failure, and other circumstances, both Party
A and Party B are not responsible to one another for the obligations caused by such occurrences.

 

Article
6: Obligations of Party B

 

1.
When Party B uses the leased property, the weight of the items placed on the floor shall not exceed the designed compliance standards
(Houses with more than two floors are designed to bear loads of _____ kg/m2). If losses incur on Party A due to Party B’s
violation of this regulation, Part A has the right to terminate the contract, and is not required to return the security deposit paid
by Party B. Party A shall also be entitled to demand compensation from Party B for such losses incurred.

 

2.
During the lease term, Party B must comply with the property maintenance, furnishing, and water, electricity, fire related laws, regulations
and relevant provisions, and especially pay attention to the regular inspection and maintenance of fire-fighting facilities and related
hardware equipment in the production plant, actively cooperate with Party A in fire protection operations. Party B is strictly prohibited
from using fire-fighting facilities in leased property for other purposes. Party A has the right to inspect the fire safety, with the
permission of the responsible department of Party B, in the leased property without affecting the normal working conditions of Party
B. Party B shall cooperate with Party A’s inspection. If fire or another accident occurs in the leased property, Party B should
bear the responsibility for such accident.

 

3.
If Party B in the production, operation process produces more industrial sewage, noise, harmful gases and other pollutants than the environmental
protection limits, Party B will bear responsibility and compensate for all damages caused. If losses are incurred on Party A, Party B
shall be required to bear the responsibility to compensate. Party B should ensure smooth operation of drainage. If Party B causes clogging
of sewers and causes damage, no matter intentionally or negligently by improper use of the drainage system, Party B will be responsible
for compensation and restoration. If Party B needs to add additional industrial sewage treatment facilities to ensure that normal production
operations meet the requirements of relevant departments such as the environmental protection department, then Party B shall first provide
relevant blueprints and plans to Party A in written form, and Party B shall execute construction independently and bear all costs. Party
B shall apply for the relevant administrative procedures regarding government environmental protection (if any).

 

    	3

     

    

 

4.
During the lease term, Party B must strictly comply with the relevant regulations on safety, family planning, labor and employment etc..
In the event of a labor dispute, fire, or safety accident, all economic and legal liabilities resulting from it shall be borne by Party
B. If the lease term expires or is terminated before the expiry of term, Party B shall settle all of its employees’ wages before
it can proceed with the termination procedures. In case of arrear of wages, Party A shall have the right, under the supervision and cooperation
of the labor department, to seal and auction the assets of Party B for payment of unpaid wages.

 

5.
When Party B receives a “payment notice.” from Party A calculated according to the power supply bureau, water supply department
(Party A charges Party B utility charges according to national standards, and the corresponding consumption is accounted for according
to the actual usage. Party A does not charge Party B additional utility charges). If any questions arise with regards to water/electricity,
charges, Party B shall inquire and confirm with Party A within 3 working days. Party A shall provide Party B with utility data in written
form for verification by Party B.

 

6.
Party B must educate employees to comply with national laws and regulations, abide by the rules and regulations of the park, and obey
the management of management personnel. If there is any violation, Party A has the right to submit handling opinions to Party B and to
negotiate the method of handling such cases with Party B. If the loss incurs on Party A, Party A shall have the right to be compensated
by Party B.

 

7.
During the lease term, Party B shall not engage in illegal activities or store prohibited items in the leased property. Otherwise, all
consequences that might arise shall be borne by Party B alone. In this regard, Party A shall not bear any responsibility and consequences,
and Party A shall have the right to terminate the contract unilaterally, confiscate the security deposit, and shall be compensated by
Party B for such losses incurred.

 

8.
During this lease term, industrial and commercial, tax, fire, renovation, customs, government administration charges the leased property
shall be borne by Party B.

 

9.
Party B is responsible for strengthening the physical and mental health education of employees and their the personal safety.

 

10.
Party B obtain corresponding insurances on properties stored in the leased production plant and dormitory units on its own. Party A shall
not be responsible for any loss or damages caused in this regard and Party B shall bear the responsibility.

 

11.
Party B shall provide a copy of relevant documents such as industry and commerce, taxation, business license etc to Party A after the
annual review.

 

12.
During the lease term, Party B shall notify Party A to check and confirm on-site damage or malfunction to the leased production plant
or dormitory and its ancillary facilities is discovered, and Party B shall promptly repair and bear the cost of repair.

 

13.
Party B shall not sublet the property to any third party during the lease term (At present, the actual users of leased property include
Party B and one of their affiliated enterprises, Forwell Sports Equipment Co., Ltd., Dongguan City Qinhui Molding Machinery Co. Ltd.
These three companies are the actual users, and thus are not considered as third parties that Party B sublets property to).

 

    	4

     

    

 

14.
Party B is responsible for providing security guards, doormen, sanitation, parking spaces, landscapes in the production plant and dormitory
area and public area, and regular maintenance services on the facilities in the public areas.

 

Article
7: Liabilities of termination and breach of contract

 

1.
If Party B does not pay rent or utility bills in time, Party B shall pay to Party A 5% of
the amount owed daily as penalty. If Party B owes rent and property management fees for more than 15 days, and still does not pay arrears
within 5 working days of Party A’s written notice, then Party B shall unconditionally accept and agree to measures taken by Party
A such as the cutoff of water and electricity supply and control of shipments etc.. All losses caused by water and electricity outage,
and control of shipments etc. shall be borne by Party B unilaterally.

 

2.
Party A shall have the right to terminate this contract, retain the security deposit, and claim on the housing rent within the renovation
period if one of the following situations occurs with Party B. If losses or damages are incurred by Party A, Party B shall beobligated
to make compensation.

 

1)
Without the written consent of Party A, Party B sublets, transfers or lends the entire leased production plant or utilizes the leased
plant and dormitory as external guarantee without authorization;

 

2)
Party B intentionally or negligently causes serious damage to the leased property;

 

3)
Performing illegal activities in the production plant or dormitories;

 

4)
Party B’s hired employees are found to be in violation of laws, rules and regulations resulting in adverse effects, and after written
notice and negotiation by Party A, Party B still refuses to dismiss such employees;

 

5)
Dismantlement and reformation of the structure of the production plant without consent;

 

6)
Non-compliance of the fire protection regulations, by not equipping fire extinguishing equipment and blocking fire exits of production
plants, not abiding the law and no rectification according to the law made in time;

 

7)
Without the written consent of Party A, privately acquire electricity and water;

 

8)
Non-payment of rent, management fees and utilities without justification ,which is equivalent to 45 days’ housing rent ;

 

9)
Unilateral termination of contract by Party B within the contract term;

 

10)
Other serious breaches of the contract.

 

    	5

     

    

 

3.
Party B shall settle all costs (rent, utilities, management fees etc.) upon termination or early termination of the contract, and remove
all items from the production plant and dismantle additional objects (unless Party A agrees to keep them) on the date of termination
of the contract period, and guarantee the return of the property and normal use of the facilities and equipment, ensuring that it would
not affect Party A’s re-leasing of the property. Party B shall notify Party A in written form within 5 days of the date of termination
of the contract to inspect and accept the leased property. After receiving the notice, Party A shall send personnel to inspect the property
within 3 working days, and issue an acceptance opinionaire to Party B. After acceptance by Party A, Party A shall deduct the relevant
expenses (fees needed to repair for re-rental, arrear of wages to Party A etc.) within 5 working days according to the condition by the
time of acceptance, and refund the security deposit to Party B (interest not included) after Party B has settled all the fees. If Party
A does not send any personnel to inspect and accept the property within the agreed time period, the property will be considered as qualified
for acceptance. If Party B does not clear the production plant as agreed, the rent will be paid in double. If the plant is not cleared
after 10 days with written notice by Party A to Party B that it has not been dealt with, it will be regarded as abandonment of all items
in the production plant by Party B. Party A has the right to dispose of all items in the leased property.

 

Article
8: Others

 

1.
If Party B requires continual rental of housing after the expiration of this contract term, Party B shall notify Part A in writing three
months before the expiration the contract term. If Party B has performed the contract well, under the same conditions, Party B shall
have the priority to lease.

 

2.
After the end of the lease between two parties, Party B’s renovation and immovable properties (including water and electricity
supply equipment, elevators, air conditioners, adapters etc.) shall be owned by Party A without compensation.

 

3.
If Party B needs to be notified of the performance or termination of this contract, Party A’s written notice delivered to the location
of the leased property and receipt acknowledged by the person in charge of Party B shall be deemed as service of such notice; After the
termination of the contract, Party A’s written notice delivered to the address listed in Appendix 2 shall be counted as a completed
service of notice. If the delivery address has changed, Party B shall notify Party A in written form, and Party A shall deliver relevant
documents to the updated address.

 

4.
If Party B needs to set up advertisements and outdoor billboards on the leased property buildings, it shall be approved by Party A and
submitted to the relevant government departments for approval, and ensure that advertising content is legitimate and facilities are secure.
If any accident occurs, Party B shall bear the responsibility.

 

    	6

     

    

 

5.
If Party B requires a tax invoice from utilities etc., the tax arising from the invoice shall be paid by Party B, of which elevator maintenance
fees, service charges and other invoices within the industry should be classified as: other service charges. If the government adjusts
relevant taxes and fees, Party A shall have the right to make corresponding adjustments in accordance with the relevant provisions.

 

6.
Disputes between the two parties in respect of this contract shall be resolved through negotiations; if negotiations fail, both parties
may be referred to the housing authorities for mediation; if mediations fail, both parties may commence lawsuit in the People’s
Court where the leased property is located.

 

7.
If there are unaccomplished matters in this contract, both parties shall negotiate amicably, and may sign a supplementary contract, which
shall have the same effect as the original.

 

8.
This are two counterparts to this contract. Party A and Party B each receive one copy. The contract will come to effect from the date
of signature and seal.

 

9.
Details of relevant qualification documents, handover lists, lease details, etc. shall be found in Appendices 1 to 5.

 

(Main
text ends here)

 

    	7

     

    

 

Party
A: Dongguan Yuantai Sports Equipment Co. Ltd    (Seal)

 

Legal
representative: (signature)

 

Date:

 

Party
B: YMA Composite Materials (DG) Co., Ltd   (Seal)

 

Legal
representative: (signature)

 

Date:

 

    	8

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