Document:

EMPLOYMENT
AGREEMENT

 

This
EMPLOYMENT AGREEMENT (the “Agreement”), is entered into as of,      2016 (the
“Effective Date”), by and between China Internet Nationwide Financial Services Inc., incorporated under
the laws of the British Virgin Islands(the “Company”) and     , an individual
(the “Executive”). Except with respect to the direct employment of the Executive by the Company, the term
“Company” as used herein with respect to all obligations of the Executive hereunder shall be deemed to include
the Company and all of its subsidiaries and affiliated entities (collectively, the “Group”).

 

RECITALS

 

A.
The Company desires to employ the Executive as its      and to assure itself of the services of the Executive
during the term of Employment (as defined below).

 

B.
The Executive desires to be employed by the Company as its       during the term of Employment and upon
the terms and conditions of this Agreement.

 

AGREEMENT

 

The
parties hereto agree as follows:

 

	1.
    	POSITION

 

The
Executive hereby accepts a position of       (the “Employment”) of the Company.

 

	2.
    	TERM

 

Subject
to the terms and conditions of this Agreement, the initial term of the Employment shall be       years
commencing on the Effective Date, unless terminated earlier pursuant to the terms of this Agreement. The Employment will be renewed
automatically for additional       -year terms if neither the Company nor the Executive provides a notice
of termination of the Employment to the other party or otherwise proposes to re-negotiate the terms of the Employment with the
other party within one month prior to the expiration of the applicable term.

 

	3.
    	DUTIES
    AND RESPONSIBILITIES

 

	 	(a)	The
    Executive’s duties at the Company will include all jobs assigned by the Company’s Board of the Directors (the
    “Board”), as the case may be.
	 	 	 
	  	(b)	The
    Executive shall devote all of his working time, attention and skills to the performance of his duties at the Company and shall
    faithfully and diligently serve the Company in accordance with this Agreement, the Certificate of Incorporation and Bylaws
    of the Company, as amended and restated from time to time (the “Charter of Documents”), and the guidelines,
    policies and procedures of the Company approved from time to time by the Board.
	 	 	 
	  	(c)	The
    Executive shall use his best efforts to perform his duties hereunder. The Executive shall not, without the prior written consent
    of the Board, become an employee of any entity other than the Company and any subsidiary or affiliate of the Company, and
    shall not be concerned or interested in any business or entity that engages in the same business in which the Company engages
    (any such business or entity, a “Competitor”), provided that nothing in this clause shall preclude the
    Executive from holding any shares or other securities of any Competitor that is listed on any securities exchange or recognized
    securities market anywhere. The Executive shall notify the Company in writing of his interest in such shares or securities
    in a timely manner and with such details and particulars as the Company may reasonably require.

 

    	 	 	 

     

    

 

	4.
    	NO
    BREACH OF CONTRACT

 

The
Executive hereby represents to the Company that: (i) the execution and delivery of this Agreement by the Executive and the performance
by the Executive of the Executive’s duties hereunder shall not constitute a breach of, or otherwise contravene, the terms
of any other agreement or policy to which the Executive is a party or otherwise bound except for agreements entered into by and
between the Executive and any member of the Group pursuant to applicable law, if any; (ii) that the Executive has no information
(including, without limitation, confidential information and trade secrets) relating to any other person or entity which would
prevent, or be violated by, the Executive entering into this Agreement or carrying out his duties hereunder; (iii) that the Executive
is not bound by any confidentiality, trade secret or similar agreement (other than this) with any other person or entity except
for other member(s) of the Group, as the case may be.

 

	5.
    	LOCATION

 

The
Executive will be based in      , China. The Company reserves the right to transfer or second the Executive
to any location in China or elsewhere in accordance with its operational requirements.

 

	6.
    	COMPENSATION
    AND BENEFITS

 

	 	(a)	Base
    Salary. The Executive’s initial base salary shall be       U.S. Dollars ($     
    ) per year, paid in periodic installments in accordance with the Company’s regular payroll practices, and such compensation
    is subject to annual review and adjustment by the Board.
	 	 	 
	 	(b)	Bonus.
    The Executive shall be eligible for Bonuses determined by the Board.
	 	 	 
	 	(c)	Equity
    Incentives. To the extent the Company adopts and maintains a share incentive plan, the Executive will be eligible to participate
    in such plan pursuant to the terms thereof as determined by the Board.
	 	 	 
	 	(d)	Benefits.
    The Executive is eligible for participation in any standard employee benefit plan of the Company that currently exists or
    may be adopted by the Company in the future, including, but not limited to, any retirement plan, life insurance plan, health
    insurance plan and travel/holiday plan.
	 	 	 
	 	(e)	Expenses.
    The Executive shall be entitled to reimbursement by the Company for all reasonable ordinary and necessary travel and other
    expenses incurred by the Executive in the performance of his duties under this Agreement; provided that he properly accounts
    for such expenses in accordance with the Company’s policies and procedures.

 

	7.
    	TERMINATION
    OF THE AGREEMENT

 

	 	(a)	By
    the Company.

 

(i)
For Cause. The Company may terminate the Employment for cause, at any time, without notice or remuneration (unless notice
or remuneration is specifically required by applicable law, in which case notice or remuneration will be provided in accordance
with applicable law), if:

 

(1)
the Executive is convicted or pleads guilty to a felony or to an act of fraud, misappropriation or embezzlement,

 

(2)
the Executive has been grossly negligent or acted dishonestly to the detriment of the Company,

 

    	 	 	 

     

    

 

(3)
the Executive has engaged in actions amounting to willful misconduct or failed to perform his duties hereunder and such failure
continues after the Executive is afforded a reasonable opportunity to cure such failure; or

 

(4)
the Executive violates Section 8 or 10 of this Agreement.

 

Upon
termination for cause, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination.
However, the Executive will not be entitled to receive payment of any severance benefits or other amounts by reason of the termination,
and the Executive’s right to all other benefits will terminate, except as required by any applicable law.

 

(ii)
For death and disability. The Company may also terminate the Employment, at any time, without notice or remuneration (unless
notice or remuneration is specifically required by applicable law, in which case notice or remuneration will be provided in accordance
with applicable law), if:

 

(1)
the Executive has died, or

 

(2)
the Executive has a disability which shall mean a physical or mental impairment which, as reasonably determined by the Board,
renders the Executive unable to perform the essential functions of his employment with the Company, with or without reasonable
accommodation, for more than 120 days in any 12-month period, unless a longer period is required by applicable law, in which case
that longer period would apply.

 

Upon
termination for death or disability, the Executive shall be entitled to the amount of base salary earned and not paid prior to
termination. However, the Executive will not be entitled to receive payment of any severance benefits or other amounts by reason
of the termination, and the Executive’s right to all other benefits will terminate, except as required by any applicable
law.

 

(iii)
Without Cause. The Company may terminate the Employment without cause, at any time, upon one-month prior written notice.
Upon termination without cause, the Company shall provide the following severance payments and benefits to the Executive: (1)
a lump sum cash payment equal to 3 months of the Executive’s base salary as of the date of such termination; (2) a lump
sum cash payment equal to a pro-rated amount of his target annual bonus for the year immediately preceding the termination, if
any; (3) payment of premiums for continued health benefits under the Company’s health plans for 3 months fo1lowing the termination,
if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive.

 

Upon
termination without, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination.

 

(iv)
Change of Control Transaction. If the Company or its successor terminates the Employment upon a merger, consolidation,
or transfer or sale of all or substantially all of the assets of the Company with or to any other individual(s) or entity (the
“Change of Control Transaction”), the Executive shall be entitled to the following severance payments and benefits
upon such termination: (1) a lump sum cash payment equal to 3 months of the Executive’s base salary at a rate equal to the
greater of his/her annual salary in effect immediate1y prior to the termination, or his/her then current annua1 salary as of the
date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his/her target annual bonus for the year
immediately preceding the termination; (3) payment of premiums for continued health benefits under the Company’s health
plans for 3 months fo1lowing the termination; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding
equity awards held by the Executive.

 

	 	(b)	By
    the Executive. The Executive may terminate the Employment at any time with a one-month prior written notice to the Company,
    if (1) there is a material reduction in the Executive’s authority, duties and responsibilities, or (2) there is a material
    reduction in the Executive’s annual salary. Upon the Executive’s termination of the Employment due to either of
    the above reasons, the Company shall provide compensation to the Executive equivalent to 3 months of the Executive’s
    base salary that he is entitled to immediately prior to such termination. In addition, the Executive may resign prior to the
    expiration of the Agreement if such resignation is approved by the Board or an alternative arrangement with respect to the
    Employment is agreed to by the Board.

 

    	 	 	 

     

    

 

	 	(c)	Notice
    of Termination. Any termination of the Executive’s employment under this Agreement shall be communicated by written
    notice of termination from the terminating party to the other party. The notice of termination shall indicate the specific
    provision(s) of this Agreement relied upon in effecting the termination.

 

	8.
    	CONFIDENTIALITY
    AND NONDISCLOSURE

 

	 	(a)	Confidentiality
    and Non-disclosure. The Executive hereby agrees at all times during the term of the Employment and after its termination,
    to hold in the strictest confidence, and not to use, except for the benefit of the Company, or to disclose to any person,
    corporation or other entity without written consent of the Company, any Confidential Information. The Executive understands
    that “Confidential Information” means any proprietary or confidential information of the Company, its affiliates,
    or their respective clients, customers or partners, including, without limitation, technical data, trade secrets, research
    and development information, product plans, services, customer lists and customers, supplier lists and suppliers, software
    developments, inventions, processes, formulas, technology, designs, hardware configuration information, personnel information,
    marketing, finances, information about the suppliers, joint ventures, franchisees, distributors and other persons with whom
    the Company does business, information regarding the skills and compensation of other employees of the Company or other business
    information disclosed to the Executive by or obtained by the Executive from the Company, its affiliates, or their respective
    clients, customers or partners either directly or indirectly in writing, orally or otherwise, if specifically indicated to
    be confidential or reasonably expected to be confidential. Notwithstanding the foregoing, Confidential Information shall not
    include information that is generally available and known to the public through no fault of the Executive.
	 	 	 
	  	(b)	Company
    Property. The Executive understands that all documents (including computer records, facsimile and e-mail) and materials
    created, received or transmitted in connection with his work or using the facilities of the Company are property of the Company
    and subject to inspection by the Company, at any time. Upon termination of the Executive’s employment with the Company
    (or at any other time when requested by the Company), the Executive will promptly deliver to the Company all documents and
    materials of any nature pertaining to his work with the Company and will provide written certification of his compliance with
    this Agreement. Under no circumstances will the Executive have, following his termination, in his possession any property
    of the Company, or any documents or materials or copies thereof containing any Confidential Information.
	 	 	 
	 	(c)	Former
    Employer Information. The Executive agrees that he or she has not and will not, during the term of his employment, (i)
    improperly use or disclose any proprietary information or trade secrets of any former employer or other person or entity with
    which the Executive has an agreement or duty to keep in confidence information acquired by Executive, if any, or (ii) bring
    into the premises of the Company any document or confidential or proprietary information belonging to such former employer,
    person or entity unless consented to in writing by such former employer, person or entity. The Executive will indemnify the
    Company and hold it harmless from and against all claims, liabilities, damages and expenses, including reasonable attorneys’
    fees and costs of suit, arising out of or in connection with any violation of the foregoing.
	 	 	 
	 	(d)	Third
    Party Information. The Executive recognizes that the Company may have received, and in the future may receive, from third
    parties their confidential or proprietary information subject to a duty on the Company’s part to maintain the confidentiality
    of such information and to use it only for certain limited purposes. The Executive agrees that the Executive owes the Company
    and such third parties, during the Executive’s employment by the Company and thereafter, a duty to hold all such confidential
    or proprietary information in the strictest confidence and not to disclose it to any person or firm and to use it in a manner
    consistent with, and for the limited purposes permitted by, the Company’s agreement with such third party.

 

    	 	 	 

     

    

 

This
Section 8 shall survive the termination of this Agreement for any reason. In the event the Executive breaches this Section 8,
the Company shall have right to seek remedies permissible under applicable law.

 

	9.
    	CONFLICTING
    EMPLOYMENT.

 

The
Executive hereby agrees that, during the term of his employment with the Company, he or she will not engage in any other employment,
occupation, consulting or other business activity related to the business in which the Company is now involved or becomes involved
during the term of the Executive’s employment, nor will the Executive engage in any other activities that conflict with
his obligations to the Company without the prior written consent of the Company.

 

	10.
    	NON-COMPETITION
    AND NON-SOLICITATION

 

In
consideration of the salary paid to the Executive by the Company and subject to applicable law, the Executive agrees that during
the term of the Employment and for a period of one (1) year following the termination of the Employment for whatever reason:

 

	 	(a)	The
    Executive will not approach clients, customers or contacts of the Company or other persons or entities introduced to the Executive
    in the Executive’s capacity as a representative of the Company for the purposes of doing business with such persons
    or entities which will harm the business relationship between the Company and such persons and/or entities;
	 	 	 
	 	(b)	unless
    expressly consented to by the Company, the Executive will not assume employment with or provide services as a director or
    otherwise for any Competitor, or engage, whether as principal, partner, licensor or otherwise, in any Competitor; and
	 	 	 
	  	(c)	unless
    expressly consented to by the Company, the Executive will not seek, directly or indirectly, by the offer of alternative employment
    or other inducement whatsoever, to solicit the services of any employee of the Company employed as at or after the date of
    such termination, or in the year preceding such termination.

 

The
provisions contained in Section 11 are considered reasonable by the Executive and the Company. In the event that any such provisions
should be found to be void under applicable laws but would be valid if some part thereof was deleted or the period or area of
application reduced, such provisions shall apply with such modification as may be necessary to make them valid and effective.

 

This
Section 11 shall survive the termination of this Agreement for any reason. In the event the Executive breaches this Section 11,
the Executive acknowledges that there will be no adequate remedy at law, and the Company shall be entitled to injunctive relief
and/or a decree for specific performance, and such other relief as may be proper (including monetary damages if appropriate).
In any event, the Company shall have right to seek all remedies permissible under applicable law.

 

	11.
    	WITHHOLDING
    TAXES

 

Notwithstanding
anything else herein to the contrary, the Company may withhold (or cause there to be withheld, as the case may be) from any amounts
otherwise due or payable under or pursuant to this Agreement such national, provincial, local or any other income, employment,
or other taxes as may be required to be withheld pursuant to any applicable law or regulation.

 

    	 	 	 

     

    

 

	12.
    	ASSIGNMENT

 

This
Agreement is personal in its nature and neither of the parties hereto shall, without the consent of the other, assign or transfer
this Agreement or any rights or obligations hereunder; provided, however, that (i) the Company may assign or transfer this Agreement
or any rights or obligations hereunder to any member of the Group without such consent, and (ii) in the event of a Change of Control
Transaction, this Agreement shall, subject to the provisions hereof, be binding upon and inure to the benefit of such successor
and such successor shall discharge and perform all the promises, covenants, duties, and obligations of the Company hereunder.

 

	13.
    	SEVERABILITY

 

If
any provision of this Agreement or the application thereof is held invalid, the invalidity shall not affect other provisions or
applications of this Agreement which can be given effect without the invalid provisions or applications and to this end the provisions
of this Agreement are declared to be severable.

 

	14.
    	ENTIRE
    AGREEMENT

 

This
Agreement constitutes the entire agreement and understanding between the Executive and the Company regarding the terms of the
Employment and supersedes all prior or contemporaneous oral or written agreements concerning such subject matter. The Executive
acknowledges that he or she has not entered into this Agreement in reliance upon any representation, warranty or undertaking which
is not set forth in this Agreement. Any amendment to this Agreement must be in writing and signed by the Executive and the Company

 

	15.
    	GOVERNING
LAW; JURISDICTION

 

This
Agreement shall be governed by and construed in accordance with the laws of the State of New York.

 

	16.
    	AMENDMENT

 

This
Agreement may not be amended, modified or changed (in whole or in part), except by a formal, definitive written agreement expressly
referring to this Agreement, which agreement is executed by both of the parties hereto.

 

	17.
    	WAIVER

 

Neither
the failure nor any delay on the part of a party to exercise any right, remedy, power or privilege under this Agreement shall
operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other
or further exercise of the same or of any right, remedy, power or privilege, nor shall any waiver of any right, remedy, power
or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to
any other occurrence. No waiver shall be effective unless it is in writing and is signed by the party asserted to have granted
such waiver.

 

	18.
    	NOTICES

 

All
notices, requests, demands and other communications required or permitted under this Agreement shall be in writing and shall be
deemed to have been duly given and made if (i) delivered by hand, (ii) otherwise delivered against receipt therefor, or (iii)
sent by a recognized courier with next-day or second-day delivery to the last known address of the other party.

 

	19.
    	COUNTERPARTS

 

This
Agreement may be executed in any number of counterparts, each of which shall be deemed an original as against any party whose
signature appears thereon, and all of which together shall constitute one and the same instrument. This Agreement shall become
binding when one or more counterparts hereof, individually or taken together, shall bear the signatures of all of the parties
reflected hereon as the signatories.

 

Photographic
copies of such signed counterparts may be used in lieu of the originals for any purpose.

 

	20.
    	NO
    INTERPRETATION AGAINST DRAFTER

 

Each
party recognizes that this Agreement is a legally binding contract and acknowledges that it, he or she has had the opportunity
to consult with legal counsel of choice. In any construction of the terms of this Agreement, the same shall not be construed against
either party on the basis of that party being the drafter of such terms.

 

[Remainder
of this page has been intentionally left blank.]

 

    	 	 	 

     

    

 

IN
WITNESS WHEREOF, this Agreement has been executed as of the date first written above.

 

	 	China Internet Nationwide Financial Services Inc.
	 	 	 
	 	By:	 
	 	Name:
    	 
	 	Title:	 
	 	 	 
	 	Executive
	 	 	 
	 	Signature:
    	 
	 	Name:(2014)
Lease No. 015

 

	 	WFC

  

Beijing

World
Financial Center

 

Lease
Contract

 

    	 	 	 

     

    

 

Preface
of Lease Contract

 

1.
The terms under the Lease Contract shall be confirmed by concerned both parties. Both parties shall amend, supplement or delete
the contract terms on the basis of equivalence and voluntariness. After the Contract takes effect, the un-amended contents shall
be deemed as the contents that both parties agree on.

 

2.
Before signing the Lease Contract, the Lessee shall read the contents herein carefully, and consult with the Lessor in case of
inconsistent understanding of contract terms and professional terms.

 

3.
Both parties can decide the copies of the original Lease Contract according to actual conditions, and verify such copies before
signing the contract, to ensure the contents in all copies are the same.

 

4.
Both parties can determine the optional contents, filling in blank space and other supplementary contents of the Contract. Both
parties shall select the optional contents in the blank space by writing the specific serial numbers; they shall write “none”
or “x” for deletion in the blank space in case of non-occurred conditions or no agreement.

 

5.
Both parties shall provide the copies of business licenses (with annual inspection mark of that year as well as official seal)
and other qualification documents when signing the Contract.

 

    	 	 	 

     

    

 

Content

 

	Concerned Parties of
    Contract	1
	Article 1 Lease Scope
    and Purposes	1
	Article 2 Lease Duration	1
	Article 3 Deposit	1
	Article 4 Property
    Management	2
	Article 5 Rent	3
	Article 6 Delivery
    of this Unit	3
	Article 7 Decoration
    and Reconstruction	4
	Article 8 Repair and
    Maintenance	5
	Article 9 Rights and
    Obligations of Lessee	6
	Article 10 Rights and
    Obligations of Lessor	10
	Article 11 Excluded
    Liabilities and Restriction of Liabilities	11
	Article 13 Termination
    of Contract	13
	Article 14 Return of
    this Unit	14
	Article 15 Complete
    Agreement	15
	Article 16 Notices	15
	Article 17 Governing
    Laws and Disputes Settlement	16
	Article 18 Words, Validity
    and Others	16
	Appendix I Sketch map
    of this unit	18
	Appendix II Area, Lease
    Duration, Decoration Period and No-rent Period	19
	Appendix III Rent and
    Deposit	20
	Appendix IV Facilities
    and Equipment Provided by Lessor	21
	Appendix V Special
    Agreements	22

 

    	 	 	 

     

    

 

Concerned
Parties of Contract

 

	Lessor:
    	Beijing
    Gaoyi Real Estate Development Co., Ltd.
	Register
    No.: 	110000410085383
	Address:
    	No.
    1, East Third Ring Road Middle Road, Chaoyang District, Beijing

 

	Legal
    representative: 	Zhang
    Fangming	Post:
    president
	Tel:	8610-85878899	Fax:
    8610-65308517

 

	Lessee:	Hong
    Kong Shengqi Group Co., Ltd.
	Register
    No.:	61422152-000-05-14-0
	Address:	FLAT/RM
    B07 23/F HOVER INDUSTRIAL BUILDING
	 	NO.26-38
    KWAI CHEONG ROAD NT

 

	Legal
    representative: 	LIN
    JIAN XIN	Post:
    CEO
	Tel:	1595050605	Fax:
    0595-83666111

 

Both
parties reach the following agreements after friendly consultation based on equivalence and mutual win:

 

Article
1 Lease Scope and Purposes

 

1.1
As per the terms and conditions under the Contract, Lessor agrees to let and Lessee agrees to lease the house property of Unit
13-14, Floor 15, East Building, Office Building (hereinafter referred to as the unit) of World Financial
Center (hereinafter referred to as WFC) of No.1, East Third Ring Road Middle Road (intersection of East Third Ring/Chaoyang Road),
Chaoyang District, Beijing.

 

The
sketch map of the unit can be seen in Appendix I of the Contract (the unit position is marked with yellow shadow).

 

The
area of this unit can be seen in Appendix II of the Contract.

 

1.2
The unit shall be used only for the purpose of offices.

 

Article
2 Lease Duration

 

2.1
The lease duration of this unit can be seen in Appendix II of the Contract.

 

Article
3 Deposit

 

3.1
Lessee shall pay Lessor the deposit (the deposit amount is listed in Appendix III) within 5 working days after both parties enter
into the Lease Contract, as the guarantee of Lessee to perform all terms under the Contract faithfully (hereinafter referred to
as deposit).

 

3.2
The deposit amount shall be three times of the sum of monthly rent plus property management fee within the lease duration. In
case of different deposit standards within the lease duration, the standard with least amount shall prevail. Within the lease
duration, Lessor shall have right to ask Lessee to make up the deposit (i.e. three times of the sum of higher monthly rent plus
monthly property management fee) as per the higher rent standard. Lessee shall make up the balance of deposit immediately upon
receiving the written notice from Lessor. The deposit amount listed in Appendix III shall be deemed to be adjusted correspondingly.

 

    	1	 	 

     

    

 

3.3
Lessor shall have right but no obligation to deduct all or part of the deposit for offsetting the due deposit and property management
fee, and compensating the loss of Lessor or the third party. After Lessor offset the payables of Lessee with the deposit as agreed
under the Contract, when the rest deposit is under the agreed amount, Lessee shall make up the deposit within ten days after receiving
written notice from Lessor.

 

3.4
On the precondition that Lessee performs all terms under the Contract, Lessor shall return the deposit (the actual amount if the
deposit amount held by Lessor is below the standard stated in Appendix III of the Contract due to non-full-amount payment or making-up
of Lessee)to Lessee without interests within thirty days after expiration of the lease duration and Lessee return the renovated
unit as agreed and fulfills the obligation of changing industrial and commercial registered address as per Section 14.5 under
the Contract, or within thirty days after Lessee pays off all compensations to Lessor or the third party due to breach of related
terms under the Contract (the later data shall prevail).

 

3.5
Lessee shall not transfer or mortgage the deposit, nor use the deposit to offset the payable rent or other amount, unless otherwise
agreed by Lessor in written form.

 

Article
4 Property Management

 

4.1
Lessor has informed Lessee of the property company providing WFC with property management services (hereinafter referred to as
property company). While signing the Contract, Lessee shall enter into Agreement on Property Management Services of Beijing
World Financial Center with the property company, and accept the management services provided by the property company and
pay the property company the property management fee and other property management services fees (including water, electricity
and other incidentals) as agreed. Lessee shall irrevocably agree that all rights and obligations of the property company under
Agreement on Property Management Services of Beijing World Financial Center are transferred to Lessor or property company
otherwise entrusted by Lessor when the entrustment of Lessor for the property company terminates. The detailed arrangement shall
be subject to the written notice given by Lessor to Lessee before termination of entrustment.

 

4.2
Lessee knows and agrees that Lessor has entrusted the property company to perform part of the rights and obligations under the
Contract (stated with (or the property company) in subsequent related terms) on behalf of Lessor, and doesn’t have to inform
Lessee of such entrustment otherwise.

 

    	2	 	 

     

    

 

4.3
In order to ensure WFC is Class A building and executes related laws, regulations and stipulation of governmental departments,
Lessor (or the property company) shall have right to present, introduce, modify, adopt or abolish the usage and decoration of
WFC building, park and other parts as well as Beijing World Financial Center Users’ Manual, Beijing World Financial
Center Decoration Rules and other related stipulations related to access, operation, management and maintenance of WFC (hereinafter
refer to as management rules) in written from at any time if necessary.

 

Article
5 Rent

 

5.1
Lessee shall pay Lessor rent since the first day of the lease duration under the Contract. Refer to Appendix III for details.

 

5.2
The monthly rent of this unit shall be based on 30.5 days. In terms of a certain calendar month within the lease duration, if
the actual lease days of Lessee are less than the calendar days of this month, the rent of this month shall be outcome of the
standard amount agreed in Appendix III being divided by 30.5 multiplies by the actual lease days of Lessee.

 

5.3
The rent shall exclude property management fee, promotion and publicity fee, parking fee, telephone bill, electricity bill, water
bill, gas bill, heating bill, cleaning fee in this unit and other payments. The rent shall exclude any taxation and other payment
and expenditure paid by Lessee for related governmental departments.

 

5.4
Lessee shall pay related governmental departments any taxation and other payment incurred from lease of this unit on time, except
those payments shall be borne by Lessor as stated clearly by laws and regulations.

 

5.5
The decoration period and no-rent period (refer to Appendix II of the Contract) refer to the period exempted from rent; such period
is granted to Lessee by Lessor and shall not be postponed for any cause, unless otherwise stated under the Contract. Within the
decoration period and no-rent period, Lessee shall pay the property company the property management fee, water bill, electricity
bill, gas bill and heating bill and other incidentals.

 

5.6
Specifically, if the rent or other payables paid by Lessee is less than the amount stated under the Contract, or Lessor accepts
insufficient rent or other payables, such conditions shall not mean Lessor agrees Lessee to pay less amount and will not influence
the rights of Lessor to recover the underpaid rent and other payables nor the rights of Lessor to take other measures according
to Chinese laws and regulations and stipulations under the Contract.

 

Article
6 Delivery of this Unit

 

6.1
Lessor and Lessee shall confirm that Lessee has inspected the site of this unit and has no objection for practicability, available
space, position, interior capacity, practical performance, shared parts and shared facilities etc before signing the Contract.

 

Lessee
agrees to accept this unit as it is currently (subjecting to Appendix IV and Acceptance Handover Letter issued in delivery of
this unit and other acceptance and handover formalities).

 

6.2
Lessee himself shall arrive at WFC on the first day of the lease duration (it can be the day before the first day if both parties
agree), handle the handover with Lessor (or the property company), and sign the delivery and acceptance formalities of this unit.

 

    	3	 	 

     

    

 

6.3
No matter whether Lessee handle the formalities to accept the unit on the first day of the lease duration, the decoration period
and/or the lease duration and corresponding rent and other payments shall begin being counted from the first day of the lease
duration, unless Lessor postpones the delievery.

 

The
postponed delivery of Lessor refers to Lessor delivers the unit to Lesses on the day after the first day of the lease duration
agreed under the Contract due to the reason of Lessor. If Lessor postpones the delivery, the lease duration, decoration period
and no-rent period under the contract shall be postponed for the corresponding days postponed by Lessor; Lessor shall not undertake
any other responsibilities for this.

 

Article
7 Decoration and Reconstruction

 

7.1
In term of the civil engineering, electromechanical, hygiene and water supply equipment and facilities provided by Lessor dedicated
for Lessee or its employees, agents and visits, Lessee can use such civil engineering, electromechanical, hygiene and water supply
equipment and facilities or dismantle, rebuild or set up them with written consent from Lessor (or the property company). If Lessee
dismantles, rebuilds or sets up them without written consent from Lessor (or the property company), Lessor (or the property company)
shall have right to restore them; the expenses needed shall be borne by Lessee. Lessor can also ask Lessee to restore them within
a specific period.

 

7.2
Lessor shall conduct decoration and reconstruction in this unit according to the decoration design drawings and specifications
submitted to and approved by Lessor (or the property company) and firefighting departments in written form (Lessor (or the property
company) shall not reject such application for no reason), and shall undertake the decoration and reconstruction expenses by itself.
Lessee shall decorate and reconstruct this unit with the style and form fit for Class A building in various aspects in the appropriate
and skillful way, and maintain the same status (excluding natural loss) within the lease duration to satisfy Lessor. At the same
time, the decoration and reconstruction of Lessee shall not violate national laws and regulations, related stipulations of Beijing
City, and related regulations of the property company.

 

7.3
Lessee himself shall not or shall not let other people mount any equipment or accessory on the electric lines, pipelines and facilities,
or mount any equipment, device or machinery that may result in excess of design load of the floor or additional electric lines
or pipeline, or mount any equipment, device or machinery whose electricity used is not measured with the meter of Lessor. If Lessor
plans to install electric appliances and/or lines in this unit, he must employ the contractor approved by Lessor (or the property
company) in written form. Lessee shall allow Lessor or its agents to check the lines or pipelines installed by Lessee in this
unit; Lessor can check such devices at any reasonable time with written request in advance. Lessee shall ensure Lessor will not
suffer loss induced by claim, expense, damage or legal prosecution due to fault and poor maintenance of electric equipment, devices,
pipelines and lines installed by Lessee in this unit.

 

    	4	 	 

     

    

 

7.4
In decoration, Lessee shall use environment-friendly materials, and take measures to prevent noise, light and air pollution and
other environmental pollution caused to other units in this building. If other units are influenced due to this, Lessee shall
undertake treatment and compensations.

 

7.5
Lessee shall not or shall not let other people alter the approved decoration drawings, specification, interior design and layout
of this unit without advance written approval from Lessor (or the property company) and firefighting department (Lessor (or the
property company) shall not reject to approve such applications). If Lessee asks Lessor (or the property company) to approve the
decoration design drawings or the changes by Lessee, Lessee shall pay Lessor (or the property company) the reasonable fees and
related expenses to obtain opinions from architects or expert advisors of Lessee; this shall be the precondition for Lessor (or
the property company) to give approval.

 

7.6
The following statements are made to avoid doubt:

 

(1)
The approval from Lessor (or the property company) for above-mentioned decoration design drawings and specifications of Lessee
shall not exempt Lessee from the responsibilities to apply for revivification of all related government responsible departments
for the decoration design drawings and specifications by itself and at its own cost before decoration or reconstruction works,
and shall not mean related government responsible departments will approve Lessee’s applications;

 

(2)
Lessor shall not undertake any responsibilities for any consequence resulted in by disobedience of Lessee with any stipulation
enacted by related government responsible departments;

 

(3)
Lessee shall guarantee Lessor will not suffer any loss induced by disobedience of Lessee with this article, including but not
limited to prosecution fees.

 

Article
8 Repair and Maintenance

 

8.1
Lessee shall repair any damage (except for natural wear and quality problem of the building) occurred after delivery and acceptance
of this unit and bear the repair fees. Lessee shall bear all direct or indirect personal injury or assets loss of Lessor or any
third party due to such damage.

 

8.2
After receiving the notice from Lessor (or the property company) requiring Lessee to conduct the maintenance Lessee is responsible
for, Lessee shall conduct maintenance immediately. If Lessee postpone such maintenance, Lessor, its employees or agents shall
have right to conduct forcible maintenance in this unit; all expenses incurred thereby shall be borne by Lessee.

 

8.3
Lessee shall entrust the property company with repair and maintenance of public installations and facilities in this unit, and
shall bear related fees.

 

    	5	 	 

     

    

 

Article
9 Rights and Obligations of Lessee

 

9.1
When carrying out business activities, Lessee shall abide by practical Chinese laws, regulation, policies and orders strictly;
Lessee shall bear related expenses by itself.

 

9.2
Lessee shall be entitled with the rights to share the public entries and exits, stairs, corridors, platforms, passages and other
places of WFC designated by Lessor for public purposes untimely with Lessor and other people enjoying the same rights, and the
rights to share lifts, elevators, central air conditioners and other equipment and facilities designated by Lessor for public
purposes untimely serving the building, except for places or facilities designated by Lessor for special purposes untimely. However,
Lessor (or the property company) can restrict the above usage rights appropriately at any time in case repair of above facilities
and equipment or emergency.

 

9.3
Lessee shall hold responsible for maintain security, hygiene in the public areas and this unit and good condition of equipment
and facilities provided by Lessor (or the property company) (except for natural wear and Force Majeure).

 

9.4
Lessee shall ensure that decoration and interval in this unit meet the requirements of laws and regulations on fire prevention,
buildings and others, and shall bear all related expenses.

 

9.5
All workers of Lessee shall handle the register formalities for accessing WFC building according to the stipulations of the property
company on non-normal days, holidays or at time beyond normal working time.

 

9.6
Lessee shall purchase and maintain appropriate same-term insurances from an insurance company with good reputation for the self-owned
assets and liabilities of the third party at its own costs before the commencement of the lease duration, including but not limited
to property all risks and public liability insurance, shall submit the copies of insurance slips to Lessor (or the property company)
for filing.

 

9.7
If there are more than one lessee (individuals or organizations) under the Contract terms, every lessee shall undertake unlimited
joint liabilities for obligations or responsibilities of Lessee under the Contract terms.

 

9.8
If Lessee takes up business activities in WFC, it must handle corresponding business licenses, tax registration certificates,
hygiene licenses and others in advance, and submit related information to Lessor (or the property company) for filing. If Lessee
fails to handle corresponding formalities and is punished by industrial and commercial department or other governmental department,
the responsibilities shall be undertaken by Lessee itself.

 

9.9
Lessee shall provide Lessor (or the property company) with name list of workers in this unit and changes.

 

9.10
If Lessee requires signboard on the exterior wall of WFC, it shall obtain consent from Lessor, the property company and related
governmental responsible departments in advance and pay Lessor the usage fees. Lessee shall install and maintain such signboard
and purchase insurance at its own cost. The construction personnel to install the signboard and design and materials of this signboard
shall have advance written approval from Lessor (or the property company).

 

    	6	 	 

     

    

 

9.11
Lessee must obtain written consent from Lessor for conducting the following actions:

 

(1)
Transfer other people part of or all rights granted to Lessee under the Contract or mortgage them;

 

(2)
Install the signboards in others names;

 

(3)
Transfer the ownership of decoration and fixed equipment in this unit to the third party or mortgage them.

 

9.12
Lessee shall inform Lessor of the following actions or events within five days after occurrence:

 

(1)
Partner changes in case of partnership of Lessee;

 

(2)
Death, mental disorder or disability of one individual lessee, or loss of contract party qualification or capacity for action
of one unit lessee in case of two or more joint lessees;

 

(3)
Acquirement, reorganization, merge, voluntary settlement, or changes of most shareholders with voting rights or other people with
valid control rights of the company in case of Lessee being a company;

 

(4)
Change of company name of Lessee.

 

9.13
On the precondition of obtaining written approval from Lessor (or the property company), Lessee shall have right to show the name
of Lessee or firm on signboards in building hall or lift hall of the floor of this unit with the uniform font specified by Lessor.
Manufacture and placing of such uniform characters shall be arranged by Lessor for Lessee with full authority. The fees of first-time
manufacture and placing shall be borne by Lessor. The related fees or any subsequent change or re-placing of the signboards shall
be at the cost of Lessee. Lessor (or the property company) reserved the right to move the above signboards to other places of
WFC in any case.

 

9.14
Lessee shall not put the articles exceeding the design load on the floor of this unit (400kg/sq.m load for standard floor and
500kg/sq.m for trade floor in WFC building). Lessor shall be entitled with the right to specify weight and places of all safes
or other heavy equipment or articles, for the sake of balance of load distribution. The office supplies, devices and mechanical
equipment that may cause strong vibration, much noise and over heat and whose access has been approved by Lessor must be put on
the pallets Lessor think necessary, to avoid disturbing other lessees. The fees for pallets shall be borne by Lessee.

 

9.15
If Lessee wants to more the large articles for its own purposes in and out of WFC, it shall give advance written notice to Lessor
(or the property company). After Lessor (or the property company) issues written approval, Lessee shall conduct according to the
time and path appointed by the property company.

 

9.16
Lessee shall take any reasonable preventive measure to prevent this unit from storm, heavy rain, heavy snow or alike severe climate.
In above-said severe climate, Lessee shall ensure all doors and windows are closed, to prevent the interior of this unit against
damage.

 

9.17
Any action of any personnel permitted by Lessee to use or enter the unit shall be deemed as the action of Lessee itself. Lessee
shall hold fully responsible for such action, including fees for changing the broken or damaged windows, glass or glass screen
walls due to action or negligence of Lessee, its employees, agents, contractors, guests, customers or visitors, and the fees incurred
by blockage or failure of drains, hygiene facilities or pipe devices.

 

    	7	 	 

     

    

 

9.18
Lessee shall try to avoid insect damage. In case of insect damage, Lessee shall notify Lessor (or the property company) timely.
Lessor can arrange the deinsectization. The fees incurred shall be borne by Lessee. Lessor (or the property company) can also
arrange deinsectization uniformly.

 

9.19
In case of fire or other accidents, Lessee shall call the police and take necessary measures immediately, as well as notify Lessor
(or the property company).

 

9.20
Lessee must abide by the management rules. Lessee shall undertake and pay the property management fee and other property management
service fees of the unit to the property company.

 

9.21
Lessee shall maintain the good reputation and image of WFC, and shall not cause any damage of reputation and image of WFC.

 

9.22
Lessee shall not stack, leave or shall not allow other people to place or stack goods and household garbage in the door hall,
stairs, passages and other public areas in WFC. Lessee shall not block the above areas and firefighting evacuation passages, or
influence the access to firefighting devices, or install or rebuild the gateway, lock and bolt that violate the stipulations of
firefighting department or other related stipulations of government. Lessee shall not occupy the public areas to have exhibitions,
distribute publicity materials or conduct other business activities. Lessee shall not conduct auctions in the above area or in
this unit.

 

9.23
Lessee shall not store weapons, ammos, saltpeter, powder, gasoline or other combustible and inflammable dangerous substances,
restricted substances and other substance with strong odor in this unit. Lessee shall not manufacture or let out any gas with
strong odor or polluting the environment in the unit.

 

9.24
Lessee shall not or let other people conduct any illegal or immoral activities or activities that may cause damage or interference
to Lessor or other lessees in WFC.

 

9.25
Lessee shall not or let other people generate noise, vibration or interference to the third people in this unit, including but
not limited to noise from televisions, radios and other objects.

 

9.26
Lessee shall not raise poultry or animals in this unit or bring any poultry or animal in WFC.

 

9.27
Lessee shall not allow any of its employees or agents to conduct soliciting activities or distribute any flier, notice or publicity
material out of the unit or in WFC or at any periphery place.

 

9.28
Lessee shall not conduct or allow or tolerate any kind of exhibition, auction of articles or assets or other similar sales activities
in this unit.

 

9.29
Lessee shall not lay, mount, install or add any line, cable or other pipeline in any entry and exit, corridor, stair case, platform,
passage, hall or other public part in WFC.

 

9.30
Lessee shall not use the unit or its any part as dormitory or tolerate any other people to use it as dormitory.

 

9.31
Lessee shall not park the vehicles in a blocking way or other ways to block the parking place, lanes, entries and exits of vehicles
or designated load and unload area in WFC, nor allow its any employee, agent, subcontractor, guest, customer or visitor to conduct
such actions.

 

    	8	 	 

     

    

 

9.32
Lessee shall not use or allow other people to use the name/sign of Lessor or WFC or any part for any purpose or use whole or part
of the name/sign or WFC or this unit in any picture, icon or similar signs when the businesses or operation of Lessee or other
purposes is concerned before obtaining written consent from Lessor; however, the purpose of stating the address and commercial
address of Lessee is not among the restriction.

 

9.33
Lessee shall not or allow or tolerate to carve, damage, destroy, mark on or drill nails or screws into any door, window, wall,
beam, structure or pipeline system without advance written consent from Lessor. Lessee shall not damage or pierce through the
existed ground or floor.

 

9.34
Lessee shall not damage or destroy any part of the public areas in WFC, including but not limited to decoration, stairs, lifts,
elevators, and surrounding trees, plants or bushes etc.

 

9.35
Lessee shall not use or let other people use the washing equipment in this unit or public areas of WFC provided by Lessor for
any un-intended purpose, or throw or allow or tolerate other people to throw articles or objects inconsistent with the intended
purposes into the washing equipment; otherwise, Lessee must pay all expenses for any damage, blockage or destroy due to violation
of this article to Lessor at request.

 

9.36
Lessee shall not or allow or tolerate any people to cook or prepare any food in this unit, or induce or allow any unfavorable
odor in this unit.

 

9.37
Lessee shall not erect any antenna on the roof or walls of WFC or ceiling or walls of this unit, or disturb, remove, pull down
or change the public antenna (if any) provided by Lessor.

 

9.38
Lessee shall not pour any material that may cause blockage, damage or pollution of pipes in the service pipes.

 

9.39
Lessee shall not use this unit as storage for a large amount of articles, except for appropriate samples or exhibits related to
business demands of Lessee.

 

9.40
Lessee shall not sublease this unit or allow other people to use any part of this unit (regardless of any charge of fees) without
clear advance written consent from Lessor. As to this term, sublease refers to Lessee’s leasing of part or all of the unit
it leases to the third party (hereinafter referred to as sublessee) within the validity of the Contract. Lessor shall decide whether
to agree the sublease to the sublessee at its own discretion and shall have right to state the conditions that any Sublessee must
abide by. Lessor doesn’t have to give Lessee any reason. Lessee shall not have right to present any objection.

 

If
sublease is agreed by Lessor in written form:

 

(1)
The Contract shall be valid. The sublessee shall continue to perform this Contract during the sublease duration;

 

(2)
The expiration date of sublease duration of this unit agreed under the sublease contract shall not be later than the expiration
date of lease duration agreed under the Contract;

 

(3)
Lessee shall not allow sublessee to sublease the unit to other party;

 

(4)
Lessee shall make compensation for any loss induced in or related to this unit by the sublessee; and

 

(5)
If the Contract is terminated in advance within the sublease duration of this unit, Lessee shall guarantee the sublease contract
is terminated as well, and ensure to return this unit to Lessor on the termination date of the Contract.

 

    	9	 	 

     

    

 

9.41
Lessee shall not conduct or allow or tolerate any people to conduct any behavior, action, matter or thing that causes or may cause
invalidity of current fire insurance and/or insurances of other coverable matters and/or the third party liability insurance held
by WFC and/or this unit, and shall not conduct or allow or tolerate any people to conduct any behavior, action, matter or thing
that increase the premiums. If the premiums are increased due to behaviors, actions, matters or things conducted by or allowed
or tolerated by Lessee, Lessor shall have right to recover the increased amount of premiums. The above rights of Lessor shall
not influence any other right or compensation under the Contract enjoyed by Lessor. At the same time, Lessee shall provide related
evidential documents or other necessary assistance at request of the insurance company.

 

9.42
Lessee shall not install air conditioning equipment otherwise with existed air conditioning equipment provided by Lessor.

 

9.43
Lessee shall not use the unit for any other purpose other than offices without written consent from Lessor.

 

9.44
Lessee shall not add lock on the door of the unit or replace the original locks (excluding the locks for finance and secrets in
this unit) without written consent from Lessor (or the property company).

 

Article
10 Rights and Obligations of Lessor

 

10.1
Lessor shall not interfere the normal usage of Lessee of this unit in normal situations, on the preconditions that Lessee pays
rent, property management fee and other payables according to the time and method stated under the Contract and that Lessee abides
by the performs the terms, conditions, agreements and stipulations under the Contract.

 

10.2
Lessor (or the property company) shall purchase valid insurance for the public areas and facilities of WFC.

 

10.3
Lessor can enter this unit for maintenance and repair with appropriate advance notice given to Lessee and consent from Lessee
(Lessee shall not reject this for no reason). In case of emergencies, Lessor can enter this unit without advance notice given
to Lessee and take necessary measures. However, Lessor shall notify Lessee as soon as possible and give explanations to Lessee
later. Lessor shall not hold responsible for any loss induced thereby.

 

10.4
Lessor can accompany any potential lessees or users to visit and inspect the unit and post the lease advertisements in the appropriate
positions of the unit at any appropriate time within ninety days before expiration or cancellation of the Contract.

 

10.5
Lessee hereby makes the statement of and promise waiving the preemption right. Lessor can sell or transfer this unit to any third
party and doesn’t need consent of Lessee.

 

    	10	 	 

     

    

 

10.6
During the lease duration, Lessor shall have right to change the name of WFC or names of some parts without advance consent from
Lessee. Lessor shall not hold responsible for risks and expenses that may be generated out of name change. However, Lessor shall
notify Lessee in the way of posting announcement one month before the name change.

 

10.7
Lessee knows and agrees that Lessor, all personnel authorized by Lessor or people enjoying such rights due to other reason have
the following rights:

 

(1)
The owners of public facilities shall have right to ensure uninterrupted passing through the unit of all service pipelines related
to supply or able to supply WFC and periphery buildings. Such owners of public facilities or their employees shall have right
to enter the unit for inspection, repair, replacement and building new service pipelines for connecting WFC or providing public
facilities for buildings at periphery of WFC with advance consent from Lessee.

 

(2)
The owners of public facilities shall have right to install or fix the equipment, machines and other facilities, signs and ads
racks Lessor believes appropriate on any part of WFC, and have right to dismantle and replace such equipment and facilities. Lessor
shall try to disturb Lessee as little as possible, and hold responsible for damage to this unit due to maintenance.

 

(3)
The owners of public facilities shall have right to conduct or allow any other people to conduct reconstruction, dismantling,
changing buildings in any part of WFC or on periphery land, or renovation, changing passages or improving works in WFC. Lessor
shall try to reduce the interference and comfort caused to Lessee, including influence on light sources and air flow. Lessee shall
support the above works.

 

(4)
The owners of public facilities shall have right to decide the usage of exterior wall and public area of WFC, and transfer or
entrust such right to other people. Lessee shall support the above works.

 

(5)
The owners of public facilities shall have right to disclose any information related to Lessee under the Contract when they believe
necessary.

 

10.8
If Lessee violates any term under the Contract and fails to correct the violation behaviors within the period specified by Lessor
after Lessor point them out, Lessor shall have right to cut off or entrust the property company to cut off the water and electricity
supply and take other measures Lessor believe appropriate with advance notice given to Lessee, till Lessee correct above violation
behaviors and pay or compensate full-amount expenses (including overdue fine, and expenses for reconnecting water and electricity
supply etc.) incurred thereby.

 

Article
11 Excluded Liabilities and Restriction of Liabilities

 

11.1
Lessor shall not hold any responsibility for Lessee, users or any other people in terms of the following situations, unless the
cause is severe negligence of Lessor or its employees:

 

(1)
Personal injury, casualties or assets loss or damage caused to Lessee, user or other people due to inappropriateness or fault
of lifts, auto elevators, fireproofing and security guard devices, air condition devices, telecommunication service or other equipment
in WFC or this unit;

 

    	11	 	 

     

    

 

(2)
Personal injury, casualties or assets loss or damage caused to Lessee, user or other people due to error, fault, explosion and
pause of electricity supply or water supply in WFC or this unit;

 

(3)
Personal injury, casualties or assets loss or damage caused to Lessee, user or other people due to spread of fire, overflow and
leakage of water from any part of WFC or rain in WFC or this unit, or existence of rats and other vermins;

 

(4)
As to security or custody of this unit and of any person or article in this unit, on the precondition of not interfering the above
contents, the guard and management or mechanical or electrical alarm system of any nature provided by Lessor (or the property
company) shall not constitute the responsibilities of Lessor (or the property company) for safety of this unit or any article
in this unit. Lessee shall hold full responsibility for the safety of this unit and articles in this unit.

 

(5)
Loss, damage or casualties caused by nonconformance with regulations or disobedience with management rules of Lessee or the third
party.

 

11.2
Besides the agreements in Section 11.1, Lessor shall not hold any responsibility for assets loss and personal injury of Lensee
and related personnel due to justifiable defense, emergency action, self-help action, consent of Lessee, Force Majeure, accidents,
fault of Lessee and third-party action.

 

11.3
Although Lessor has informed Lessee of the possible damage in advance, Lessor shall not hold responsible for indirect, special,
punishing or incidental loss or damage suffered by Lessee, including but not limited to loss of income, profits and credit among
customers or any service interruption, no matter whether such damage or loss is caused by violation of clear or implied guarantee,
breach of contract, error statements, mistake, severe infringing responsibilities or others.

 

Article
12 Responsibilities for Breach

 

12.1
If Lessee fails to pay Lessor rent according to the method and time agreed under the Contract, Lessee shall pay Lessor five out
of ten thousand of overdue payable daily as the penal sum. The term shall not be deemed as allowing for grace period of Lessee
to pay rent. Lessor shall not be deemed to have obligation to accept the payable rent from Lessee at overdue time or agree Lessee
to postpone the rent payment as Lessor asks for or accept the penal sum. The term and the terms related to penal sum in Article
13 shall apply at the same time.

 

12.2
Lessee shall pay Lessor one-month rent of that month as the penal sum (the penal sum shall be added up if Lessee violates more
than one obligation) in case of any one of the following situations, unless otherwise stated in the term. Lessor shall have right
to deduct such penal sum from the deposit paid by Lessee. If the loss of Lessor exceeds such penal sum, Less shall make compensation
according to actual situation.

 

(1)
Lessee fails to pay rent as agreed under the Contract;

 

(2)
Lessee fails to sign Agreement on Property Management Services of Beijing World Financial Center between Lessee and the
property company as agreed under the Contract;

 

(3)
Lessee doesn’t use the unit for the purposes agreed under the Contract;

 

(4)
Lessee subleases the unit to other people or allows other people to possess, occupy or use the unit or any part of the unit without
advance written consent from Lessor;

 

    	12	 	 

     

    

 

(5)
Lessee uses or allows other people to use this unit to conduct activities breaking Chinese laws and regulations or damaging public
rights and interests or other people’s legal rights and interests;

 

(6)
Lessee doesn’t sign and accept the bills, notices and other files issued by Lessor to Lessee;

 

(7)
Lessee doesn’t perform the obligations of Article 5, 7, 8, 9 and appendixes under the Contract, unless otherwise stated.

 

12.3
Lessor’s tolerance, forgiveness or pardon of one time or multiple times of non-performance, violation, nonconformance or
non-execution of the agreement under the Contract of Lessee don’t mean Lessor waives its rights in case of continuous or
another-time non-performance, violation, nonconformance or non-execution of the agreement under the Contract of Lessee, nor cancel
or influence the rights and compensation enjoyed be Lessor due to continuous or subsequent non-performance, violation, nonconformance
or non-execution of the agreement under the Contract of Lessee according to the Contract. Unless Lessor makes a written statement
of waiving rights, any action or inaction of Lessor shall not imply for waiving of rights, and shall not be deduced to be waiving
of rights.

 

12.4
Any consent given by Lessor shall only be dedicated for the specified purposes. Such consent shall not be deemed that Lessor waives
or lets Lessee exempted from the force of any term, unless Lessor gives clear instruction. Such consent shall not be deemed that
Lessee is exempted from obtaining special written consent from Lessor in the future.

 

Article
13 Termination of Contract

 

13.1
The Contract shall terminate upon expiration of the lease duration.

 

13.2
Lessor shall have right to terminate the Contract in advance in case of any one of the following situations. The Contract shall
be terminated upon the arrival of notice of termination of Contract issued by Lensor. Lessee shall pay Lessor the penal sum equivalent
to three-month rent or the rent of unperformed part of lease duration (the higher one shall prevail) according to the rent standard
agreed in Appendix III. If the actual loss of Lessor exceeds the penal sum agreed, Lessee shall make compensation according to
the actual amount:

 

(1)
Lessee fails to pay the deposit as agreed under the contract with thirty days overdue;

 

(2)
Lessee fails to sign Agreement on Property Management Services of Beijing World Financial Center between Lessee and the
property company as agreed under the Contract with thirty days overdue or Lessee fails to pay the property company the property
management fee and other fees as agreed and fails to pay off within ten days after receiving the notice from the property company;

 

(3)
Lessee fails to pay the rent as agreed under the contract with ten days overdue;

 

(4)
Lessee doesn’t use the unit for the purposes agreed under the Contract and fails to correct within ten days after receiving
the notice from the property company;

 

    	13	 	 

     

    

 

(5)
Lessee subleases the unit to other people or allows other people to possess, occupy or use the unit or any part of the unit without
advance written consent from Lessor and fails to correct immediately upon receiving notice from Lessor;

 

(6)
Lessee conducts operating activities without business licenses and other permits, or Lessee uses or allows other people to use
this unit to conduct activities breaking Chinese laws and regulations or damaging public rights and interests or other people’s
legal rights and interests and causes loss to Lessor or fails to correct immediately upon receiving notice from Lessor;

 

(7)
There are more than three times of failure of Lessee to pay the rent as agreed under the Contract.

 

(8)
Lessee doesn’t sign and accept the bills, notices and other files issued by Lessor or the property company to Lessee and
fails to correct within seven days after receiving the written notice from Lessor;

 

(9)
Lessee doesn’t perform any obligation under the Contract and its appendixes and fails to correct within seven days after
receiving the written notice from Lessor, unless otherwise stated in this article.

 

13.3
If Lessee terminates the Contract in advance without consent from Lessor, Lessee shall pay Lessor the penal sum equivalent to
three-month rent or the rent of unperformed part of lease duration (the higher one shall prevail) according to the rent standard
agreed in Appendix III. If the actual loss of Lessor exceeds the penal sum agreed, Lessee shall make compensation according to
the actual amount.

 

13.4
If the Contract has registered for filing, Lessee shall go to related housing management departments to cancel registration of
the Contract with the representative of Lessor and cooperate with Lessor positively on other related matters within five days
since the expiration or advance termination (regardless of the reason) of the Contract. If Lessee doesn’t contact the representative
of Lessor to handle related formalities, Lessor shall have right to cancel the registration of the Contract unilaterally by showing
the written notice of contract termination to related housing management departments; Lessee shall not present any objection.

 

Article
14 Return of this Unit

 

14.1
When the lease duration expires or the Contract is terminated in advance, Lessee shall return this unit emptied and at the original
state in delivery and all keys to Lessor (or the property company) and conduct acceptance together with Lessor (or the property
company) on the lease duration date or advance termination date of the Contract or within the period specified by Lessor (if any).
Lessor shall make compesenation for damage (excluding natural wear). Lessee shall bear all expenses incurred from direct or indirect
damage to other places beyond this unit or the third party in the process of returning this unit and other sites, facilities and
equipment dedicated for Lessee to the original state in delivery.

 

14.2
Both parties agree that any decoration, furniture device, material, equipment or any other article of Lessee left in this unit
ten days after termination date of the Contract shall be deemed as waste of Lessee and disposed. Lessee agrees to waive all rights
for such articles permanently.

 

    	14	 	 

     

    

 

Lessor
shall have right to dispose the above-mentioned articles in any way. Lessee shall not present objections or ask Lessor to hold
the responsibilities including claim for compensation from Lessor. At the same time, Lessor shall have right to recover all expenses
incurred in removing, clearing and disposing the above-mentioned articles from Lessee.

 

If
the third party other than Lessor and Lessee makes a claim on the articles left in the unit, Lessee shall be responsible for the
undertake the compensation liabilities. Lessor has nothing to do with this.

 

14.3
If Lessee fails to return this unit as agreed under the Contract after the Contract is terminated, Lessee shall pay Lessor the
fees for occupation, counted from the second day after termination of the Contract to the day of returning this unit or the day
Lessor (or the property company) recovers the unit (this shall apply even the water and electricity in this unit are cut off).
The amount of occupation fees shall be the sum of three times of the rent as agreed in Appendix III under the Contract and other
payments. If the loss of Lessor suffered thereby (including but not limited to liabilities for breach and compensation as well
as commission for the new lessee of this unit) exceeds such occupation fees, Lessee shall make compensation for Lessor according
to the actual amount.

 

14.5
If Lessee asks for all or part of this unit being the industrial and commercial register address of Lessee or the third party,
Lessee shall be responsible for change the industrial and commercial register address into the address of other place within ten
working days since the termination date of the Contract. Otherwise, Lessee shall pay Lessor compensation of 100 yuan per sq.m
per day according to the area of this unit stated under the Contract. If the loss of Lessor suffered thereby exceeds the compensation
amount, Lessee shall make compensation for Lessor according to the actual amount.

 

Article
15 Complete Agreement

 

The
Contract is the complete agreement on the subject matters under the Contract agreed by both parties. The Contract shall substitute
the written or oral agreements, negotiations, statements (including incidental and fault ones) and suggestions related to the
subject agreed on previously. Any party shall not accept any statement, commitment or inductive behavior constraint not clearly
stated under the Contract and made by representative, agent or employee of the counterparty, and shall not under responsibilities
for such behaviors.

 

Article
16 Notices

 

16.1
Lessee shall give written notice to Lessor immediately upon receiving a notice about this unit or any public affair from any department-in-charge.

 

    	15	 	 

     

    

 

16.2
Any notice and other letters sent by any party to the counterparty of the Contract shall be Chinese, and shall be sent to the
legitimate address of the counterparty or the latest liaison address provided by the counterparty in registered way, special express,
man-to-man handover, fax, announcement or other ways allowed by laws. Specifically, both parties agree that the above-mentioned
notices and other letters shall be deemed to be sent effectively on the following date:

 

(1)
The date stated on the receipt released in case of registered letter and special express;

 

(2)
The date of handover in case of man-to-man handover;

 

(3)
The date of sending fax in case of fax (the fax sender shall keep the record with the date of sending fax printed by the fax apparatus);

 

(4)
The date of posting the announcement on the visible place near the store of Lessee and publishing the announcement on the newspaper
in case of announcement.

 

16.3
Lessee shall guarantee the correctness and legal validity of the residence, address, contact address, household register, ID card
and other register documents under the Contract. Lessee shall inform Lessor of changes immediately; otherwise, Lessee shall undertake
the risks and liabilities of failure of delivery of Lessor’s notice due to inaccurate information. If the notice of Lessor
fails to be delivered because Lessee can’t be contacted or because of inaccurate information, as long as Lessor can prove
it has take any one of the above methods to fulfill the notifying obligation, the notice shall be deemed to be received without
response of Lessee within five days since the delivery date.

 

Article
17 Governing Laws and Disputes Settlement

 

17.1
The Contract, including its signing, explanations, performance and disputes settlement, shall be governed by Chinese laws and
explained according to Chinese laws.

 

17.2
In case of disputes on the Contract, both parties shall try their best to settle the disputes via friendly consultation. If the
disputes can’t be settled ten days after the friendly consultation between both parties, any party shall lodge a prosecution
in the local People’s Court in the jurisdiction area of WFC.

 

17.3
If any party violates any term under the Contract, even if the delinquent party has successfully lodged any prosecution against
any term under the Contract, the observant party shall have right to ask the counterparty to bear the prosecution fees and appropriate
lawyer’s feed, unless otherwise instructed by the court.

 

Article
18 Words, Validity and Others

 

18.1
The Contract and any appendix shall be written and signed in Chinese. If both parties sign the versions in foreign languages of
the Contract as well, the Contract in Chinese shall prevail.

 

18.2
All appendixes of the Contract are indispensable components of the Contract. They shall have the equivalent legal force as the
Contract text. If there is inconsistency between the Contract text and any appendix, the appendix of the Contract shall prevail.

 

    	16	 	 

     

    

 

18.3
Any amendment, supplementation, deletion or change of the Contract (including any appendix) shall be stated in written form and
shall take effect after both parties sign or seal.

 

18.4
The rights of any party under the Contract shall be accumulative, unless otherwise clearly stated in laws. Such rights shall be
deemed to be parallel and shall not cancel each other.

 

18.5
All expenses including register fee incurred in handling register and filing in housing management department shall be borne as
stipulated. If there is clear stipulation under laws and regulations, Lessor and Lessee shall bear half of the fees respectively.

 

18.6
If People’s Court or arbitral agency believes that any term under the Contract is invalid or can’t be performed forcibly
due to any reason, they shall be deemed to be have deleted from the Contract. The validity of other terms under the Contract shall
not be influenced and shall be performed by both parties, unless the above-said deletion will result in major changes of economic
benefits of both parties and continuous performance of above-said other terms under the Contract will become unreasonable.

 

18.7
The Contract shall take effect upon the date when Lessor and Lessee sign or seal.

 

18.8
The Contract (including appendixes) is in quintuplicate. Lessor shall hold four while Lessee shall hold one. The five copies are
of the same legal force.

 

(No
text below this page)

 

All
contents under the Contract (including any appendix) have been carefully read, totally understood and agreed by both parties.

 

	Lessor:
    	Beijing
    Gaoyi Real Estate Development Co., Ltd.
	Signature
    or seal: 	Special
    stamp for contract of Beijing Gaoyi Real Estate Development Co., Ltd. (Seal)
	 	 
	Lessee:	Hong
    Kong Shengqi Group Co., Ltd.
	Signature
    or seal: 	Hong
    Kong Shengqi Group Co., Ltd. (Seal)
	 	 
	Signed
    on: 	October
    8, 2014

 

    	17	 	 

     

    

 

Appendix
I Sketch map of this unit

 

 

 

15th
Floor, Eat Building; the parts with shadows

The
above floor layout is not in actual ratio; it is only for reference.

 

    	18	 	 

     

    

 

Appendix
II Area, Lease Duration, Decoration Period and No-rent Period

 

Part
1: Construction area

The
construction area of this unit is 545.28 sq.m.

 

	Part
    2: Lease duration: 	the
    lease duration is 38 months.
	 	It
    begins from November 1, 2014 and ends on December 31, 2017.

 

	Part
    3: Decoration period: 	2
    months, from November 1, 2014 to December 31, 2014.
	 	 
	 	Lessee
    is exempted from the rent during the decoration period. However, Lessee shall pay the property management fee and other incidentals.

 

	 	No-rent
    period: 	1
    month, the duration is as follows:
	 	 	 
	 	 	From
    January 1, 2015 to January 31, 2015
	 	 	Lessee
    is exempted from the rent during the no-rent period. However, Lessee shall pay the property management fee and other incidentals.

 

    	19	 	 

     

    

 

Appendix
III Rent and Deposit

 

Part
1: Rent standard and payment time

 

1.
The monthly rent is RMB 272.640.00 Yuan. (RMB two hundred and seventy two thousand six hundred and sixty four yuan
zero jiao and zero fen) The monthly rent excludes the property management fee and other related fees. The above-mentioned
amount payable shall be paid by Lessee before the [first] day of that month, unless otherwise agreed. The one-month rent to
be paid by Lessee for the first time after the lease duration begins shall be paid while signing the Contract. When receiving
the rent paid by Lessee, Lessor shall issue the rent invoice (including taxation).

 

Part
2: Deposit

 

1.
The deposit is RMB 1,477,718.40 Yuan (RMB one million four hundred and seventy seven thousand seven hundred and eighteen
yuan four jiao and zero fen), i.e. five-month rent plus property management fee. When receiving the deposit paid by Lessee, Lessor
shall issue the deposit invoice

 

Part
3: Payment methods of rent and deposit

 

All
payments under the Contract shall be in RMB.

 

If
the payment that is supposed to be valued in RMB by Lessee is actually in one of main foreign currencies (US dollars or HKD),
the mid-point rate of exchanging such foreign currency with RMB released by the People’s Bank of China on the first date
of the last calendar month shall be adopted.

 

If the payment that is supposed to be valued in one of main foreign currencies by Lessee is actually in RMB, the mid-point rate
of exchanging RMB with such foreign currency released by the People’s Bank of China on the first date of the last calendar
month shall be adopted.

 

The
rent and deposit shall be paid in cash, check, remittance or the way specified by Lessor.

 

Opening
bank of Lessor:

Account
name: Beijing Gaoyi Real Estate Development Co., Ltd.

RMB
account No.: 345456036550

Opening
bank: Beijing Yabao Rd. Branch of Bank of China Limited

(Stating
purposes in remittance)

 

    	20	 	 

     

    

 

Appendix
IV Facilities and Equipment Provided by Lessor

 

(1)
Metal ceiling board;

 

(2)
Lamp panel;

 

(3)
VAV air conditioning system;

 

(4)
Firefighting spraying system;

 

(5)
Firefighting smoke sensing system;

 

(6)
Net floor;

 

(7)
Wood door;

 

(8)
Smoke screen hang wall.

 

    	21	 	 

     

    

 

Appendix
V Special Agreements

 

1.
Disclosure of property management fee:

 

The
disclosure of property management fee of this unit: the property management fee of every calendar month is RMB 16, 903.68 Yuan.
(RMB sixty thousand nine hundred and three yuan six jiao and eight fen (the unit price of the property management fee is RMB 31.00
yuan per construction sq.m per month)).

 

Lessee
shall pay Lessor or the property management company designated by Lessor the property management fee on the first day of every
calendar month, unless otherwise agreed. Lessor or the property management company designated by Lessor shall have right to adjust
the property management fee untimely.

 

2.
Agreement on area:

 

Both
parties agree that both parties will not adjust the rent and property management fee of the unit or other payment calculated based
on the construction area of the unit, even though the construction area stated in Appendix II under the Contract is inconsistent
with the construction area, dedicated area, rent area or other area calculated with other methods of this unit surveyed by any
other person, unit or agency.

 

3.
Delivery condition: Lessor delivers the unit at its current state to Lessee. Lessee shall apply review to related governmental
administrative departments and check and accept all inner partitions, doors, decoration works and other facilities rebuilding
works etc. of the unit, to meet the usage conditions of this unit. Lessor shall not undertake any related responsibility and expense.

 

4.
Confidentiality terms:

 

Lessee
shall not disclose the contents in the Lease Contract to the third party (excluding associated companies of Lessee) without written
consent from Lessor. The associated companies under the Lease Contract refer to parent company, subsidiaries and branches of Lessee
unless otherwise agreed; otherwise Lessee shall have right to cancel the Lease Contract and/or require Lessee to compensate the
loss of Lessor induced thereby.

 

5.
Signboards:

 

Lessor
shall provide free standard manufacture and installation of signboards of two companies to be displayed in the WFC building hall
and the lift hall of the floor of the unit only for one time.

 

6.
Sublease and transfer:

 

Lessee
can transfer all rights and obligations under the Lease Contract to the subsidiary or branch of Lessee without influence on the
rights of Lessor clearly stated under the Lease Contract and with sufficient evidentiary data provided by Lessee and written consent
of Lessor; Lessor shall not reject the application for such transfer for no reason. Lessee shall undertake the joint and several
guarantees for the obligations and responsibilities under the contract after transfer to be performed by the subsidiary or branch.
All parties shall sign the related supplementary agreement (agreement on transfer of rights and obligations). Such agreement shall
contain the following points at least:

 

a.
All expenses incurred in transfer (including but not limited to: lawyer’s fees and register and filing fees of the Contract
of Lessor and Lessee) shall be borne by Lessee.

 

b.
Lessee shall guarantee that above-said subsidiary and branch will perform the obligations under the Contract, and shall not sublease
and transfer the area again.

 

    	22	 	 

     

    

 

Letter
of Commitment

 

The
payment of our company is postponed because the responsible person of the company has been abroad to handle some affairs and couldn’t
contact the finance timely. In addition, the related financial formalities couldn’t be handled because the related persons
are taking days off during APEC meeting period. Our company makes the commitment as follows:

 

Our
company will have transferred two-month rent RMB 545280.00 yuan (RMB five hundred and forty five thousand two hundred and eighty
two yuan only), one-month rent RMB 272640.00 yuan (RMB two hundred and seventy two thousand six hundred and twenty four yuan only),
and property management fee RMB 16903.68 yuan (RMB sixteen thousand nine hundred and three yuan six jiao and eight fen) to the
accounts of Beijing Gaoyi Real Estate Development Co., Ltd and the property management company by November 14, 2014, 15:00 p.m.
The transfer totals RMB 834823.68 yuan (RMB eight hundred thirty four thousand eight hundred and twenty three yuan six jiao and
eight fen).

 

If
our company fails to pay on time before this deadline, we will undertake the corresponding responsibilities for breach as agreed
under the Contract. The lease commencement date under the Lease Contract entered into by your company and our company shall be
November 1, 2014 as agreed.

 

 

Hong
Kong Shengqi Group Co., Ltd. (Seal)

November
7, 2014

 

    	23	 	 

     

    

 

Supplementary
Agreement

 

	Party
    A: 	Beijing
    Gaoyi Real Estate Development Co., Ltd.
	Legitimate
    address: 	No.
    1, East Third Ring Road Middle Road, Chaoyang District, Beijing

 

	Legal
    representative: 	Zhang
    Fangming 	Post:
    president
	Tel:	8610-65186688
    	Fax:
    8610-65308517

 

	Party
    B:	Hong
    Kong Shengqi Group Co., Ltd.
	Legitimate
    address:	FLAT/RM
    B07 23/F HOVER INDUSTRIAL BUILDING
	 	NO.26-38
    KWAI CHEONG ROAD NT

 

	Legal
    representative: 	Lin
    Jianxin	 	Post:
    CEO
	Tel:	1595050605	 	 

 

	Party
    C:	Toprule
    Investment Management (Beijing) Co., Ltd.
	Legitimate
    address:	Unit
    13-14, Floor 15, East Building, WFC Office Building, No. 1, East Third Ring Road Middle Road, Chaoyang District, Beijing

 

	Legal
    representative: 	Lin Jianxin	Post:
    CEO

 

As
to (2014) Lease No. 015 Lease Contract of Beijing World Financial Center on Unit 13-14, Floor 15, East Building,
WFC Office Building, No. 1, East Third Ring Road Middle Road, Chaoyang District, Beijing between Party A and Party B (hereinafter
referred to as original Lease Contract), Party A, Party B and Party C agree to add Party C as the joint Lessee under the original
Lease Contract after consultation.

 

The
Agreement shall take effect after Party A, Party B and Party C sign or seal.

 

The
Agreement is in triplicate. Party A, Party B and Party C shall hold one respectively.

 

Party
A: Special stamp for contract of Beijing Gaoyi Real Estate Development Co., Ltd. (Seal)

 

Representative:

 

November
25, 2014

 

Party
B: Hong Kong Shengqi Group Co., Ltd. (Seal)

Representative:

November
18, 2014

 

Party
C: Toprule Investment Management (Beijing) Co., Ltd. (Seal)

Representative:
Lin Jianxin (Signature)

November
18, 2014

  

    	24

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