Document:

Exhibit
10.8

 

CONFIDENTIAL

 

SHAREHOLDERS’
VOTING RIGHTS PROXY AGREEMENT

 

AMONG

 

LIU
RONGHUA 

 

FENG
KA

 

QIANHAI
ASIA TIME (SHENZHEN) INTERNATIONAL FINANCE SERVICE

CO,
LTD.

 

AND

 

HUAYA
INFORMATION (SHENZHEN) CO., LTD.

 

[September
5], 2018

 

    	 	1

     

    

 

SHAREHOLDERS’
VOTING RIGHTS PROXY AGREEMENT

 

This
SHAREHOLDERS’ VOTING RIGHTS PROXY AGREEMENT (this “AGREEMENT”) is entered into as of [September 5], 2018
by and among the following Parties:

 

		(1)	Liu
Ronghua

ADDRESS:
No. 16, 12 Team, Datang Village, Dali Town, Beiliu, Guangxi Province, China

ID
Number: 450681199012101418

 

		(2)	Feng
Ka

ADDRESS:
No.23, Youwei Tang, Yanggang Village, Xinqiao Town, Yulin District, Yulin, Guangxi Province, China

ID Number:452501197110101736

 

		(3)	QIANHAI
ASIA TIME (SHENZHEN) INTERNATIONAL FINANCE SERVICE CO, LTD. ("ASIA TIME")

 

REGISTERED
ADDRESS: Room 3902A, Building 5, Dachong International Center, No.39 Tong Gu Road, Yuehai Street, Nanshan district, Shen Zhen,
China

 

		(4)	HUAYA
INFORMATION (SHENZHEN) CO, LTD. (HUAYA)

 

REGISTERED
ADDRESS: Room 3902, Building 5, Dachong International Center, No.39 Tong Gu Road, Yuehai Street, Nanshan district, Shen Zhen, China

 

(The
above parties shall hereinafter be individually referred to as a “PARTY” and collectively, “PARTIES”. Liu
Ronghua, Feng Ka shall hereinafter be individually referred to as a “PERSONAL SHAREHOLDER” and collectively, “PERSONAL
SHAREHOLDERS”, Personal Shareholders and ASIA TIME shall hereinafter be individually referred to as a “SHAREHOLDER”
and collectively, “SHAREHOLDERS”.)

 

WHEREAS:

 

1.
As of the date of this Agreement, Liu Ronghua, Feng Ka are the enrolled shareholders of ASIA TIME, legally holding all the equity
in ASIA TIME, of which Liu Ronghua holding 99% interest, Feng Ka holding 1%.

    	 	2

     

    

 

2. The
Shareholders intend to severally entrust the individual designated by HUAYA with the exercises of their voting rights
in Target Company (as defined below) while HUAYA is willing to designate such an individual.

 

The
Parties hereby have reached the following agreement upon friendly consultations: 

 

ARTICLE
1 VOTING RIGHTS ENTRUSTMENT

 

1.1 Under
this Agreement, “TARGET COMPANY” shall mean, to Liu Ronghua, Feng Ka , ASIA TIME; and to ASIA TIME, any and all of
the companies held by ASIA TIME (exclusive of Qianhai Asia Time (Shenzhen) International Fund Management Company (“Fund Company”)).

 

1.2 The
Shareholders hereby irrevocably undertake to respectively sign the Entrustment Letter after execution of the Agreement to respectively
entrust the personnel designated by HUAYA INFORMATION (SHENZHEN) CO., LTD. then (“TRUSTEES”) to exercise the following
rights enjoyed by them as shareholders of Target Company in accordance with the then effective articles of association of Target
Company (collectively, the “ENTRUSTED RIGHTS”):

 

(1) Proposing
to convene and attending shareholders’ meetings of Target Company as proxy of the Shareholders according to the articles
of association of Target Company;

 

(2) Exercising
voting rights as proxy of the Shareholders, on issues discussed and resolved by the shareholders’ meeting of Target Company,
including but not limited to the appointment and election for the directors, general manager and other senior management personnel
of Target Company.

 

The
above authorization and entrustment is granted subject to the status of trustees as PRC citizens and the approval by HUAYA. Upon
and only upon written notice of dismissing and replacing Trustee(s) given by HUAYA to the Shareholders, the
Shareholders shall promptly entrust another PRC citizen then designated by HUAYA to exercise the above Entrusted
Rights, and once new entrustment is made, the original entrustment shall be replaced; the Shareholders shall not cancel the authorization
and entrustment of the Trustee(s) otherwise.

 

1.3 The
Trustees shall perform the entrusted obligation within the scope of entrustment in due care and prudence and in compliance with
laws; the Shareholders acknowledge and assume relevant liabilities for any legal consequences of the Trustees’ exercise of
the foregoing Entrusted Rights.

 

1.4 The
Shareholders hereby acknowledge that the Trustees are not required to seek advice from the Shareholders prior to their respective
exercise of the foregoing Entrusted Rights. However, the Trustees shall inform the Shareholders in a timely manner of any resolution
or proposal on convening interim shareholders’ meeting after such resolution or proposal is made.

 

    	 	3

     

    

 

ARTICLE 2 RIGHT TO INFORMATION

 

2.1 For
the purpose of exercising the Entrusted Rights under this Agreement, the Trustees are entitled to know the information with regard
to Target Company’s operation, business, clients, finance, staff, etc, and shall have access to relevant materials of Target
Company. Target Company shall adequately cooperate with the Trustees in this regard.

 

ARTICLE 3 EXERCISE OF ENTRUSTED RIGHTS

 

3.1 The
Shareholders will provide adequate assistance to the exercise of the Entrusted Rights by the Trustees, including execution of the
resolutions of the shareholders’ meeting of Target Company or other pertinent legal documents made by the Trustee when necessary
(e.g, when it is necessary for examination and approval of or registration or filing with governmental departments).

 

3.2 If
at any time during the term of this Agreement, the entrustment or exercise of the Entrusted Rights under this Agreement is unenforceable
for any reason except for default of any Shareholder or Target Company, the Parties shall immediately seek a most similar substitute
for the unenforceable provision and, if necessary, enter into supplementary agreement to amend or adjust the provisions herein,
in order to ensure the realization of the purpose of this Agreement.

 

ARTICLE 4 EXEMPTION AND COMPENSATION

 

4.1 The
Parties acknowledge that HUAYA shall not be requested to be liable for or compensate (monetary or otherwise) other
Parties or any third party due to exercise of Entrusted Rights by the Trustees designated by HUAYA under this
Agreement.

 

4.2 Target
Company and the Shareholders agree to compensate HUAYA for and hold it harmless against all losses incurred or likely
to be incurred by it due to exercise of the Entrusted Rights by the Trustees designated by HUAYA, including without limitation
any loss resulting from any litigation, demand arbitration or claim initiated or raised by any third party against it or from administrative
investigation or penalty of governmental authorities.

 

However,
the Shareholders and Target Company will not compensate for losses incurred due to willful misconduct or gross negligence of HUAYA.

 

    	 	4

     

    

 

ARTICLE 5 REPRESENTATIONS AND WARRANTIES

 

5.1 Each
of the Personal Shareholders hereby severally and jointly represents and warrants that:

 

5.1.1        Each
of the Personal Shareholders is a PRC citizen with full capacity and with full and independent legal status and legal capacity
to execute, deliver and perform this Agreement, and may act independently as a subject of actions.

 

5.1.2        Each
of the Personal Shareholders has full right and authorization to execute and deliver this Agreement and other documents that are
related to the transaction referred to herein and to be executed by them. They have full right and authorization with respect to
consummate the transaction referred to herein.

 

5.1.3        This
Agreement shall be executed and delivered by the Personal Shareholders lawfully and properly. This Agreement constitutes the legal
and binding obligations on them and is enforceable on them in accordance with its terms and conditions hereof.

 

5.1.4        The
Personal Shareholders are enrolled and legal shareholders of Target Company as of the effective date of this Agreement, and except
the rights created by this Agreement, the Call Option Agreement entered into by HUAYA, Target Companies and them on [September
5], 2018 (the “CALL OPTION AGREEMENT”), as well as the Equity Pledge Agreement entered into by HUAYA
and Target Company and them on [September 5], 2018, (the "EQUITY PLEDGE AGREEMENT”), there exists no third party right
on the Entrusted Rights. Pursuant to this Agreement, the Trustees may fully and sufficiently exercise the Entrusted Rights in accordance
with the then effective articles of association of Target Company.

 

5.1.5        Considering
the fact that according to Equity Pledge Agreement, considering the fact that Personal Shareholders will set aside all the
equity interest held thereby in relevant Target Company as security to secure the performance by them of their obligations
under the Call Option Agreement entered into between them respectively and HUAYA as of [September 5], 2018,
Personal Shareholders undertake to make full and due performance of the obligations under Call Option Agreement during the
valid term of this Agreement, and they will not be in conflict with any stipulation under Call Option Agreement, which are
likely to have impact on the exercise of his Entrusted Rights the Trustees under this Agreement.

 

5.1.6        Considering
the facts that the Target Company entered into the Exclusive Agreement (the “EXCLUSIVE SERVICE AGREEMENT”) on [September
5], 2018 with HUAYA, the Call Option Agreement with HUAYA and the Shareholders on [September 5], 2018, and that the
Shareholders of Target Company will set aside all equity interest held thereby in Target Company as security to secure the performance
of the contractual obligations under the above two agreements by Target Company, the Personal Shareholders undertake to, during
the valid term of this Agreement, procure the full and due performance of Target Company of any and all its obligations under the
Service Agreement, the Call Option Agreement, and warrant that no adverse impact on the exercise of the Entrusted Rights hereunder
by the Trustees will be incurred due to the breach of the Exclusive Service Agreement, Call Option Agreement by Target Company.

 

    	 	5

     

    

 

5.2
HUAYA (excluding the person designated by it) hereby represents and warrants that:

 

5.2.1        it
is a company with limited liability properly registered and legally existing under PRC laws, with an independent corporate legal
person status, and with full and independent legal status and legal capacity to execute, deliver and perform this Agreement and
may act independently as a subject of actions; and

 

5.2.2        it
has the full corporate power and authority to execute and deliver this Agreement and all the other documents to be entered into
by it in relation to the transaction contemplated hereunder, and has the full  power and authority to consummate such transaction.

 

5.3  Target
Company other than ASIA TIME hereby in respect of themselves respectively represents and warrants that:

 

5.3.1        it
is a company with limited liability properly registered and legally existing under PRC laws, with an independent legal person
status, and with full and independent legal status and legal capacity to execute, deliver and perform this Agreement and may act
independently as a subject of actions; and

 

5.3.2        it
has the full corporate power and authority to execute and deliver this Agreement and all the other documents to be entered into
by it in relation to the transaction contemplated hereunder, and has the full  power and authority to consummate such transaction.

 

5.3.3       the
Shareholders are enrolled shareholders as of the effective date of this Agreement, legally holding the equity interest in it.
Except rights created by this Agreement, the Equity Pledge Agreement and the Call Option Agreement, there exists no third party
right on the Entrusted Rights. Pursuant to this Agreement, the Trustees may fully and sufficiently exercise the Entrusted Rights
in accordance with the then effective articles of association of Target Company.

 

5.3.4       Considering
the fact that the Shareholders of Target Company will set aside all the equity interest held thereby in Target Company as security
to secure the performance of the contractual obligations by Target Company under the Exclusive Service Agreement and the Call Option
Agreement, Target Company undertakes to, during the valid term of this Agreement, make full and due performance of any and all
obligations under the Exclusive Service Agreement, the Call Option Agreement, and warrant that no adverse impact on the exercise
of the Entrusted Rights hereunder by the Trustees will be incurred due to the breach of the Exclusive Service Agreement, the Call
Option Agreement by Target Company.

 

    	 	6

     

    

 

5.4  ASIA
TIME hereby in respect of itself represents and warrants that:

 

5.4.1        it
is a company with limited liability properly registered and legally existing under PRC laws, with an independent legal person status,
and with full and independent legal status and legal capacity to execute, deliver and perform this Agreement and may act independently
as a subject of actions; and

 

5.4.2        it
has the full corporate power and authority to execute and deliver this Agreement and all the other documents to be entered into
by it in relation to the transaction contemplated hereunder, and has the full power and authority to consummate such transaction.

 

5.4.3        As
of the effective date of this Agreement, Liu Ronghua, Feng Ka are enrolled shareholders, legally holding the equity interest in
ASIA TIME. Except rights created by this Agreement, the Equity Pledge Agreement and the Call Option Agreement, in respect of ASIA
TIME, there exists no third party right on the Entrusted Rights. Pursuant to this Agreement, the Trustees may fully and sufficiently
exercise the Entrusted Rights according to the then effective articles of association of ASIA TIME.

 

5.4.4        As
of the effective date of this Agreement and in respect of Target Company in which it holds equity interest, it is enrolled shareholder.
Except rights created by this Agreement, the Call Option Agreement and the Equity Pledge Agreement, there exists no third party
right on the Entrusted Rights. Pursuant to this Agreement, the Trustees may fully and sufficiently exercise the Entrusted Rights
according to the then effective articles of association of Target Company.

 

5.4.5        Considering
the fact that according to the Equity Pledge Agreement, it shall set aside all equity interest held thereby in relevant Target
Company as security to secure the performance of its obligations under the Call Option Agreement. ASIA TIME undertakes
to make full and due performance of the Call Option Agreement during the valid term of this Agreement and that it will not be in
conflict with any term under the Call Option Agreement, which may have impact on the exercise of the Entrusted Rights by the Trustees
under this Agreement.

 

5.4.6        Considering
the fact that according to the Equity Pledge Agreement, that Shareholders of Target Company will set aside all the equity interest
held thereby in Target Company as security to secure the performance of the contractual obligations by Target Company under the
Exclusive Service Agreement, Call Option Agreement, ASIA TIME undertakes to, during the valid term of this
Agreement, procure the full and due performance of any and all obligations under the Exclusive Service Agreement and Call Option
Agreement by the Target Company in which it holds equity interest, and warrants that no adverse impact on the exercise of the Entrusted
Rights hereunder by the Trustees will be incurred due to breaching the Exclusive Service Agreement, or Call Option Agreement by
Target Company.

 

    	 	7

     

    

 

ARTICLE 6 TERM OF AGREEMENT

 

6.1 This
Agreement takes effect from the date of due execution of all the Parties hereto, with the valid term of twenty (20) years, unless
terminated in advance by written agreement of all the Parties or according to Article 8.1 of this Agreement. This Agreement shall
automatically renew for another one (1) year when the term (whether original or extended, if applicable) of this Agreement is due,
unless HUAYA gives a thirty-day notice in writing to the other Parties of the cancellation of such renewal.

 

6.2 In
case that a Shareholder transfers all of the equity interest held by it in Target Company with prior consent of HUAYA, such Shareholder
shall no longer be a Party to this Agreement whilst the obligations and commitments of the other Parties under this Agreement shall
not be adversely affected thereby.

 

ARTICLE 7 NOTICE

 

7.1 Any
notice, request, demand and other correspondences made as required by or in accordance with this Agreement shall be made in writing
and delivered to the relevant Party.

 

7.2 The
abovementioned notice or other correspondences shall be deemed to have been delivered when (i) it is transmitted if transmitted
by facsimile or telex, or (ii) it is delivered if delivered in person, or (iii) when five (5) days have elapsed after posting the
same if posted by mail.

 

ARTICLE 8 DEFAULT LIABILITY

 

8.1 The
Parties agree and confirm that, if any of the Parties (the “DEFAULTING PARTY”) breaches substantially any of the provisions
herein or fails substantially to perform any of the obligations hereunder, such a breach or failure shall constitute a default
under this Agreement (a “DEFAULT”). In such event any of the other Parties without default (a “NON-DEFAULTING
PARTY”) who incurs losses arising from such a Default shall have the right to require the Defaulting Party to rectify such
Default or take remedial measures within a reasonable period. If the Defaulting Party fails to rectify such Default or take remedial
measures within such reasonable period or within ten (10) days of a Non-defaulting Party’s notifying the Defaulting Party
in writing and requiring it to rectify the Default, then the relevant Non-defaulting Party shall be entitled to choose at its discretion
to (1) terminate this Agreement and require the Defaulting Party to indemnify all damages, or (2) require specific performance
by the Defaulting Party of this Agreement and indemnification against all damages.

 

    	 	8

     

    

 

8.2 Without
limiting the generality of Article 8.1 above, any breach by any Shareholder of the Call Option Agreement or Equity Pledge Agreement
shall be deemed as having constituted the breach by such Shareholder of this Agreement; any breach by Target Company of the Exclusive
Service Agreement or Call Option Agreement shall be deemed as having constituted the breach by Target Company of this Agreement.

 

8.3 The
Parties agree and confirm, the Shareholders or Target Company shall not request the termination of this Agreement for whatsoever
reason and under whatsoever circumstance, except otherwise stipulated by laws or this Agreement.

 

8.4 Notwithstanding
any other provisions herein, the validity of this Article shall not be affected by the suspension or termination of this Agreement.

 

ARTICLE 9 MISCELLANEOUS

 

9.1 This
Agreement shall be prepared in Chinese language in four (4) original copies, with each involved Party holding one (1) hereof.

 

9.2
The conclusion, validity, execution, amendment,
interpretation and termination of this Agreement shall be governed by laws of the PRC.

 

9.3 Any
disputes arising from and in connection with this Agreement shall be settled through consultations among the Parties involved,
and if the Parties involved fail to reach an agreement regarding such a dispute within thirty (30) days of its occurrence, such
dispute shall be submitted to Shenzhen Court of International Arbitration in accordance with the arbitration rules of such commission,
and the arbitration award shall be final and binding on all the Parties involved.

 

9.4 Any
rights, powers and remedies empowered to any Party by any provisions herein shall not preclude any other rights, powers and remedies
enjoyed by such Party in accordance with laws and other provisions under this Agreement, and a Party’s exercise of any of
its rights, powers and remedies shall not preclude its exercise of other rights, powers and remedies of it.

 

9.5 Any
failure or delay by a Party in exercising any of its rights, powers and remedies hereunder or in accordance with laws (the “PARTY’S
RIGHTS”) shall not lead to a waiver of such rights, and the waiver of any single or partial exercise of the Party’s
Rights shall not preclude such Party from exercising such rights in any other way or exercising the remaining part of the Party’s
Rights.

 

    	 	9

     

    

 

9.6 The
titles of the Articles contained herein are for reference only, and in no circumstances shall such titles be used for or affect
the interpretation of the provisions

 

9.7 Each
provision contained herein shall be severable and independent from each of other provisions. If at any time any one or more articles
herein become invalid, illegal or unenforceable, the validity, legality or enforceability of the remaining provisions herein shall
not be affected thereby.

 

9.8 Upon
execution, this Agreement shall replace any other previous legal documents entered into by relevant Parties on the same subject
matter.

 

9.9 Any
amendments or supplements to this Agreement shall be made in writing and shall take effect only when properly signed by the Parties
to this Agreement. Notwithstanding the preceding sentence, considering that the rights and obligations of each Target Company and
its Shareholders are independent and severable from each other, in case that the amendment or supplement to this Agreement is intended
to have impact upon one of the Target Companies and its Shareholders, such amendment or supplement requires only the approval of
HUAYA, the Target Company and its Shareholder while no consent is necessary from the other Target Companies and their Shareholders
(to the extent that the amendment or supplement does not have impact upon such other Shareholders).

 

9.10 In
respect of the Shareholder and Target Company, they shall not assign any of their rights and/or transfer any of their obligations
hereunder to any third parties without prior written consent from HUAYA; HUAYA shall have the right to assign any
of its rights and/or transfer any of its obligations hereunder to any third parties designated by it after giving notice to the
Shareholders.

 

9.11 This
Agreement shall be binding on the legal successors of the Parties.

 

9.12 The
rights and obligations of Target Companies are severable and independent, performance of this Agreement by any Shareholder and
any Target Company shall not affect the performance by the other Shareholders and other Target Companies.

 

    	 	10

     

    

 

9.13 Notwithstanding
any provision to the contrary in this Agreement, new companies other than the Target Companies and their shareholder(s) can be
included as one party to this Agreement by signing the Acknowledgement Letter in the form of Appendix to this Agreement. The new
companies shall enjoy the same rights and assume the same obligations as other Target Companies; the shareholder(s) of the new
companies shall enjoy the same rights and assume obligations as the other Shareholders hereunder. Since the rights and obligations
of the Target Company and its Shareholder(s) under the Agreement are severable and independent, the participation of the new target
companies and their shareholders will not affect the rights and obligations of the original Target Company and its Shareholders,
the participation of the new target companies only requires confirmation of HUAYA by signing. Each of the Target
Companies hereby irrevocably and unconditionally agrees to the participation of the new companies and their shareholders, and further
confirms that the shareholder(s) of any new target company can entrust the Trustees to exercise the voting rights according to
the terms of this Agreement not necessarily with consent of the original Target Companies or their relevant Shareholder(s).

 

[The
remainder of this page is left blank]

 

    	 	11

     

    

 

IN
WITNESS HEREOF, the following Parties have caused this Shareholders’ Voting Rights Proxy Agreement to be executed as of the
date first here above mentioned.

 

	Liu Ronghua 	 	 
	Signature by: 	/s/ Liu Ronghua 	 
	 	 	 
	Feng Ka 	 	 
	Signature by: 	/s/
    Feng Ka 	 

 

HUAYA
INFORMATION (SHENZHEN) CO, LTD. 

(Company chop) 

 

	Signed by: 	/s/ Chen Qiang	 
	Name:	Chen Qiang	 
	Position:	Authorized Representative	 

  

QIANHAI
ASIA TIME (SHENZHEN) INTERNATIONAL FINANCE SERVICE CO., LTD. (Company chop)

 

	Signed by: 	/s/  Chen Qiang	 
	Name:	Chen Qiang	 
	Position:	Authorized Representative	 

 

    	 	12Exhibit 10.9

 

Lease
Contract

 

Contract Number: DDTZDCGJZX-20180528001

 

Lessor (Party A):Shenzhen Dedian Investment Ltd.

 

Mailing Address: Room 3805, Dachong International Center,
39 Tonggu Road, Nanshan District, Shenzhen City, Guangdong Province, China

 

Unified social credit code or Valid ID number: 91440300311826993X

 

Lesser (Party B):Qianhai Asia Times (Shenzhen) International
Financial Services Co., Ltd.

 

Mailing Address: Room 3902, Dachong International Center,
39 Tonggu Road, Nanshan District, Shenzhen City, Guangdong Province, China

 

Unified social credit code or Valid ID number: 91440300329553145Y

 

In accordance with “Contract Law of the People’s
Republic of China”, “Urban Real Estate Administration Law of the People’s Republic of China”, “Measures
for the Administration of Commodity House Leasing” and “Decisions about strengthening the safety of house leasing by
Shenzhen Standing Committee of People’s Congress”, Party A and B have reached an agreement through friendly consultation
to conclude the following contract.

 

Article 1 Condition of leasing real estate

 

At the request of Party B, Party A agrees to lease the following
real estate to Party B and it shall be used by Party B in accordance with the provisions of this agreement:

 

1.1 Location and Number: Room 3902, Dachong International
Center, 39 Tonggu Road, Nanshan District, Shenzhen City, Guangdong Province, China

 

1.2 Delivery Standard: Deliver as is

 

1.3 Party B confirms: before signing this agreement, Party B
has been to the spot to check carefully all the conditions of the property including its decoration and agreed area, and expressed
satisfaction and acceptance; Party B undertakes that the property is only for office use.

 

Article 2 Term and Area of Lease

 

2.1 Term of Lease:

 

From April 10, 2018 to April 9, 2021.

 

     

     

    

 

2.2 Area of Lease: The area of the leasing house is 1216
square meters.

 

Article 3 Rent and Management Fee

 

3.1 Rent per month

 

3.1.1 From April 10, 2018 to April
9, 2019, monthly rental per square meter is 232.37 (two hundred and thirty-two point three seven) Yuan, of which the
rent is 192.8 (one hundred and ninety-two point eight) Yuan, the management fee and the air-conditional fee for working
hours is 28 (twenty-eight) Yuan, and the tax is 11.57 (eleven point five seven) Yuan.

 

3.1.2 From April 10, 2019 to April
9, 2021, monthly rental per square meter is 234.05 (two hundred and thirty-four point zero five) Yuan, of which the
rent is 192.8 (one hundred and ninety-two point eight) Yuan, the management fee and the air-conditional fee for working
hours is 28 (twenty-eight) Yuan, and the tax is 12.25 (twelve point two five) Yuan.

 

3.2 Total rent per month

 

3.2.1 From April 10, 2018 to April
9, 2019, monthly rental is 282,561.92 (two hundred and eighty-two thousand five hundred and sixty-one point nine
two) Yuan, of which the rent is 234,444.8 (two hundred and thirty-four thousand four hundred and forty-four point
eight) Yuan, the management fee and the air-conditional fee for working hours is 34,048 (thirty-four thousand and
forty-eight) Yuan, and the tax is 14,069.12 (Fourteen thousand and sixty-nine point one two) Yuan.

 

3.2.2 From April 10, 2019 to April 9, 2021, monthly
rental per square meter is 284,604.8 (two hundred and eighty-four thousand six hundred and four point eight) Yuan, of which
the rent is 234,444.8 (two hundred and thirty-four thousand four hundred and forty-four point eight) Yuan, the management
fee and the air-conditional fee for working hours is 34,048 (thirty-four thousand and forty-eight) Yuan, and the tax is
16,112 (sixteen thousand one hundred and twelve) Yuan.

 

3.3 All costs above include tax.

 

Article 4 House lease security deposit

 

4.1 Within 5 working days from
the signing and effective day, Party B shall pay to Party A the house lease security deposit in an amount of two months’
rental (including management fees) which means 481,536 (four hundred and eighty-one thousand five hundred and thirty-six)
Yuan.

 

4.2 The lease security deposit shall be
kept by Party A without interest. Within 15 days after all the following conditions are met, Party A shall return the lease
security deposit to Party B through bank transfer, and Party B shall bear the bank transfer fee (deducted directly from the deposit),
but the deposit which offsets the account payable by Party B shall not be returned;

 

4.2.1 Party B do not renew the lease at the end of the lease
term;

 

4.2.2 Party B has returned the property, has paid the full amount
and completed all the procedures in accordance with Article 12.1 and the convention, as well as has fulfilled all other obligations
and responsibilities stipulated in this agreement;

 

     

     

    

 

4.2.3 Party B has returned the original receipt of the lease
security deposit issued by Party A (copy is invalid), and has provided in written form the information of the bank account which
is to receive the deposit.

 

4.3 The deposit shall not be returned in case of any of the
following conditions:

 

4.3.1 Party B terminates this agreement in advance without Party
A’s consent;

 

4.3.2 Party B terminates this agreement or renounce the lease
in advance by practical behavior without Party A’s consent;

 

4.3.3 Party B’s behavior leads to an invalidation of this
agreement;

 

4.3.4 Party A terminates this agreement according to its articles
due to Party B’s any great breach.

 

Article 5 Payment of Rent, Management Fee, Water and Electricity
Charge, etc.

 

5.1 Party B shall within 2 working
days from the signing and effective day pay the first rent to Party A.

 

5.2 Party B shall pay the rent to Party
A before 5th of every month, and Party A shall issue an official invoice within 5 days from the receipt
of the rent.

 

5.3 Party B shall pay the rent and deposit by bank transfer
to the designated account of Party A:

 

Name of Organization: Shenzhen
Dedian Investment Ltd.

 

Account Bank: Shanghai Pudong Development Bank
Shenzhen Nan Zhong Road Sub Branch

 

Account Number: 7913 0154 7400 1207 2

 

Article 6 Receiving and Renewal

 

6.1 Party B agrees to and shall come to Dachong International
Center at the beginning day of the lease term to receive the property, as well as shall go through the residence formalities with
Party A on the basis of identity information and relevant payment vouchers, which shall not be informed again by Party A to Party
B (Party B has no objection on this).

 

6.2 If Party B fails to pay the rent, lease security deposit
and management fees which should be paid before or on the signing date of this agreement before receipt, which means a major breach
of Party B, Party A has the right to choose to postpone the delivery of the property or to deal with it in accordance with Article
14.1. If Party A chooses to postpone the delivery, the delivery date shall be within 5 working days after Party B has paid all
the payment, and Party B shall assume the agreed responsibility for the overdue receipt.

 

6.3 Party B should carefully and comprehensively check the status
of the property when receiving it.

 

     

     

    

 

6.4 If Party B delays to receive the property, Party B should
assume the overdue receipt responsibility which means: the lease term remains unchanged, and the relevant payable amounts such
as rent and management fees incurred from the beginning date of the lease term should be borne by Party B. If Party B delays for
up to 15 days to receive, it means a major breach of Party B.

 

6.5 After the expiration of the lease term, in the same conditions
(subject to the lease conditions determined by Party A at that time) Party B shall have the priority to renew the lease, but Party
B should submit a written renewal application to Party A three months before the expiration of the lease term, and both parties
shall negotiate about the lease conditions and sign the lease agreement; Party B will be deemed to wave the priority right of renewal
if it does not apply within the specified time limit.

 

6.6 If Party B do not renew the lease agreement with Party A
at the expiration of the lease term, Party B shall return the property as stipulated in Article 13.1, otherwise Party B shall bear
the responsibility stipulated in Article 13.2.

 

Article 7 Decoration and No change of housing structure

 

7.1 According to Article 223 of the Contract Law and Clause
2 of Article 38 of the Leasing Ordinance, if Party B needs to renovate property (including but not limited to internal decoration,
separation, construction, alteration, installation or replacement of equipment and facilities, and other decorations),it shall
obtain the written consent of Party A and the property management company in advance and shall pay the decoration deposit. After
Party B finishes the decoration which passed the inspection by Party A and property management company, the decoration deposit
shall be returned to Party B without interest. Party B can not decorate without the written consent of the property management
company. If Party B renovates without authorization and does not correct it within the time limit specified by Party A and the
property management company, it shall be deemed as a major breach. Party A and the property management company must agree to Party
B’s renovation requirements unless they have justifiable reasons.

 

7.2 Party B’s decoration design, grade, style and image
must match that of the building which the property is located and the surrounding buildings, and must ensure the safety of the
building. In case of dispute, the final ruling shall be attributable to Party A and the property management company.

 

7.3 After Party B receive the property, if the country laws
or policies stipulate that Party B should go through the government examination and approval formalities (including but not limited
to fire safety), Party B shall be responsible for all formalities to the government departments and bear all costs.

 

7.4 Party B shall not change its main structure at any time
(including but not limited to foundations, load-bearing walls, load-bearing column beams, other load-bearing components, floor
slabs, roof beams, ring beams, staircases, etc.). Otherwise, it will be a major breach of contract by Party B.

 

     

     

    

 

7.5 Party B understands: at the expiration of the lease term,
Party A does not necessarily renew the lease agreement with Party B, so Party B’s decoration is voluntary and matches the
lease term. Party B agrees that, at the expiration of the lease term, or when Party B withdraws the lease in advance, or when Party
A rescinds this agreement due to Party B’s serious breach of contract, or when both parties agree to terminate this agreement
in advance through consultation, whether or not the decoration still has residual value, and whether or not Party A accepts the
decoration, Party B can not require Party A to compensate for any reason.

 

Article 8 Other liabilities about using of Party B

 

8.1 Party B shall be responsible for all the government approval
procedures (including but not limited to industrial and commercial license, tax registration, fire checking and acceptance, environmental
protection approval, special trade operation permits, safety permits, etc.) for the use of the property and shall finish the procedures
within the legal time limit and bear all the expenses with Party A’s assistance in legal and reasonable scope. Party B shall
not operate without license or illegally. Otherwise, Party B shall be deemed to have breached the contract and bear all the legal
responsibilities.

 

8.2 Party B is responsible for the safety management of the
property. Party B shall, in accordance with the national laws, policies, management regulations and the management system of Dachong
International Center, do a good job in all safety management of the property (including fire safety, anti-theft and anti-robbery,
public security management, safety management, power safety, gas safety, food safety, health and epidemic prevention, etc.). In
this property, Party B shall not store valuables, drugs, guns, control knives, radioactive dangerous goods, fireworks, firecrackers
and other inflammable and explosive materials, and shall not stay, which is in order to ensure the personal safety and property
safety of itself, staff, visitors and the property. If the property has a fire, explosion, public security incidents, personal
casualties or other security incidents, or if Party B violates the provisions of this article and fails to make corrections within
the time limit required by Party A and the property management company, Party B shall be deemed to be in serious breach of contract,
and Party B shall bear all legal responsibilities.

 

8.3 Party B shall be responsible for the cleanliness of the
property. All kinds of garbage (including but not limited to commercial garbage, decoration garbage, large-scale garbage and oil
pollution) produced by Party B shall be dealt with according to the management regulations of the property management company,
and Party B shall not cause pollution to the area outside the property, otherwise Party B shall be deemed to be in breach of contract
and Party B shall bear all legal responsibilities and costs of pollution cleaning.

 

8.4 Party B shall deal well with all relationships and disputes
between it and suppliers, purchasers, consumers, visitors, internal employees, other merchants, government departments, other relevant
personnel and units according to law. Party B shall be deemed to have breached the contract and shall bear full legal responsibility
if Party B fails to properly handle the matter which then affects the normal business, office or public order of other merchants,
Party A, the property management company or Sunshine Kechuang Market.

 

     

     

    

 

Article 9 Maintenance and Repairing

 

9.1 Both parties agree: Party A’s maintenance responsibility
is limited to that of the original main structure of the property and its original ancillary facilities; Party B shall be responsible
for maintenance and repairing of the ancillary facilities brought by itself and its decoration, and shall bear the full costs.

 

9.2 Party B shall properly manage the property. If the main
structure of the property or of its building is damaged or lost due to improper using or management by Party B, Party B shall be
responsible for the maintenance. If Party B refuses to repair, Party A and the property management company can assist to repair
or entrust a third party to repair, and the maintenance costs shall be borne by Party B.

 

Article 10 Insurance and Force Majeure

 

10.1 In order to prevent accidental loss, Party B shall purchase
full amount of Property All Risks, public liability insurance and other necessary insurance for all the property in the estate,
shall pay employer liability insurance and social insurance (including industrial injury insurance and medical insurance) for its
employees in accordance with the law, and shall ask insurance companies and insurance institutions promptly after the accident
occurs. Compensation. If Party A has purchased insurance for the property, Party A shall not be responsible to compensate Party
B’s loss.

 

10.2 In the event of force majeure, both parties should bear
their own losses. If the event of force majeure does not affect the continuing lease of the property, the two parties shall continue
to perform this agreement.

 

10.3 Force Majeure Events refer to natural disasters (including
but not limited to earthquakes, subsidence, tsunamis, typhoons, rainstorms, floods, etc.) that cannot be foreseen, prevented or
avoided by both parties and accidents (including but not limited to fires, explosions, radiation, falling objects from the air,
wars, unrest, riots, mass incidents, terrorist attacks, government bans, etc.) caused by non-parties.

 

Article 11 Property transfer

 

11.1 This office is limited to be used by Party B for working.
Without Party A’s consent, Party B shall not sublet and transfer the office, otherwise it will be a major breach of contract.

 

Article 12 Return the property

 

12.1 On the date of termination of this agreement, Party B shall
return the property (including its ancillary facilities and all keys) to Party A in good condition and pay the full amount payable
(including rent, utilities, gas bill, communications fees, television viewing fees, government tax, liquidated damages, late fees,
compensation and other payables). Party B shall also complete the cancellation of lease contracts, the cancellation or the address’s
moving out of its business license, and other formalities required by the law and the government to ensure that the new lessee
can handle the relevant government approval formalities timely and smoothly when leasing the property, and can successfully apply
for relevant public utilities services.

 

     

     

    

 

12.2 If Party B fails to fulfil all its obligations under Article
13.1, Party A shall have the right to deduct temporarily the amount payable which should have been paid to Party B (including but
not limited to the lease deposit). If it leads to losses of Party A and the new lessee, Party B agrees to compensate them in full
and the amount shall be deducted from Party B’s lease deposit and other funds. If relevant public utilities, government departments
or judicial procuratorial organs ask in written form Party A to assist in withholding or deducting Party B’s funds, Party
B shall agree Party A to assist.

 

12.3 If Party B fails to return the property on time as stipulated
in Article 13.1, it shall pay the rent twice as much as the standard rent stipulated in this agreement, and shall pay the liquidated
damages as 10% of the total amount of monthly rent. If the property is not returned within five days after the expiration date,
Party B shall be deemed to have given up the ownership of all the articles, equipment, facilities and decoration in the property
automatically; Party A shall have the right to recover the property, enter the property on its own and dispose of all the articles,
equipment, facilities and garbage in the property on its own. All the expenses incurred shall be borne by Party B, and Party A
shall have the right to deduct the cost from Party B’s lease security and other funds.

 

12.4 When Party B returns the property, (i.e. the state in which
Party A delivers the property) or jointly uses the above rights. If Party A does not make a definite choice, it shall be deemed
that it receive without compensation, and Party B shall not destroy any decoration in the property (including but not limited to
hydroelectric lines, ceilings, floors, partitions, glass doors and windows, various decorations and accessories fixed to the property,
except for movable articles, facilities and equipment etc.); however, if Party B changes the structure of the property without
the written consent of Party A, Party B shall restore it to its original state as required by Party A and the property management
company; if Party B does not restored in the limited time, Party A has the right to entrust a third party to repair or restore
it to the original state, and all the expenses incurred shall be borne by Party B. Party A has the right to deduct the expenses
from Party B’s lease deposit.

 

12.5 Party B agrees that Party A has the right to bring any
visitor or future lessees into the property for inspection at or within 2 months before the expiration of the lease term or the
termination of this agreement.

 

Article 13 Other liabilities for breach of contract and Termination
of the agreement

 

13.1 If Party B fails to pay the amount payable within ten days
after agreed date, Party B shall pay to Party A the liquidated damages at 5% of the amount owed on each overdue day until the date
of payment. If Party B fails to pay the property management fee and the water and electricity fee on time, Party B shall pay the
late fee according to the late fee standard determined by the property management company and Shenzhen water supply and power supply
department until the payment date.

 

     

     

    

 

13.2 If Party B has any of the following circumstances, it shall
be deemed as a serious breach of contract, and Party A shall have the right to terminate this agreement unilaterally at any time
(not deemed to be a violation) and to take back the property and rent out it separately, without refunding the rent and the lease
deposit paid by Party B who shall separately compensate for the loss of Party A:

 

13.2.1 Party B is in arrears with rent, property management
fees or other payables, and the time of default is up to 30 days or more (whether or not Party A has urged Party B to pay);

 

13.2.2 Party B violates Dachong International Center’s
management rules and regulations and does not make corrections within the time limit stipulated by Party A and the property management
company;

 

13.2.3 Party B violates the Article 8 of this agreement, failing
to install its advertisement in the designated place as required by Party A and the property management company and failing to
correct it within the time limit stipulated by Party A;

 

13.2.4 Party B fails to fulfill its maintenance obligations
and still fails to do after Party A or the property management company urges;

 

13.2.5 Party B has other major breaches of contract.

 

13.3 If Party A has one of the following circumstances, Party
B can unilaterally terminate this agreement (not deemed to be a breach of contract) and require Party A to return the rent for
the period not yet fulfilled.

 

13.3.1 Party A delays the delivery of the property for 30 days
or more (except for reasons arising from Party B);

 

13.3.2 Without the consent of Party B or the approval of relevant
departments, Party A rebuilds, expands or renovates the property, which causes Party B to be unable to use it;

 

13.3.3 Party A withdraws the property before the expiration
date;

 

13.3.4 The structure or quality of the property affects the
normal use of Party B;

 

13.3.5 Party B can not successfully handle relevant licenses
due to Party A or the property management company.

 

Party B has the right to refuse to pay the rent and terminate
the agreement when the above situation occurs, and Party A should return the deposit within 3 days and compensate for the loss
of Party B.

 

13.4 During the term of the lease, in any of the following circumstances,
either party can terminate this agreement (not deemed to be in breach of contract), and the rent and other charges payable shall
be settled and paid in accordance with the actual term of the lease:

 

13.4.1 The property is expropriated or requisitioned for national
construction or social public interests according to the law;

 

13.4.2 The property has been disposed of by mortgage;

 

     

     

    

 

13.4.3 The property is destroyed, unable to continue to be used
or identified as a dangerous building due to Force Majeure;

 

13.4.4 Party A and Party B agree not to pursue liabilities for
breach of contract.

 

13.5 The term “termination of this agreement” as
used herein means the termination of the lease relationship established by Party A and Party B with respect to the property, including
the termination of this agreement as well as the lease contracts and relevant legal documents for the record of the government.

 

Article 14 Notice

 

14.1 Unless otherwise agreed, the contact address, telephone
number and fax number of both parties shall be governed by this agreement. If there is any change, the other party should be notified
in writing seven days in advance, otherwise the consequences and liabilities arising therefrom will be borne by the changing party.
After Party B enters the house, the address of the property automatically becomes one of the communication addresses of Party B.

 

14.2 If either party sends a notice to the other one by mail,
the other party is deemed to have received the notice when the postal unit or the courier sends the mail to the other party’s
contact address in the usual way. If the mail is returned due to “unknown address”, “no such person”, “telephone
disconnection”, “the other party refuses to accept” or other reasons, it is also deemed to have been served.

 

14.3 If Party A or the property management company serves written
notice to Party B but Party B refuses to sign or cannot sign, Party A or the property management company can post written notice
on the exterior wall of the property or in a prominent position leading to the property, or issue the notice with electronic display
screen. When posted or released, it is deemed to have been served.

 

Article 15 Settlement of disputes and Application of law

 

In case of dispute, the two parties shall negotiate to resolve
it. When negotiation fails, any party of Party A and Party B can bring proceedings in the people’s court of the region where
the property is located. Disputes about this agreement shall be handled according to the laws of the people’s Republic of
China (except those in Hong Kong, Macao and Taiwan).

 

Article 16 Validity of the agreement

 

16.1 This agreement and the appendix have constituted all the
rights and obligations of the two parties on the lease of the house. Advertising and publicity materials provided by Party A do
not constitute part of the agreement. This Agreement shall immediately replace all previous commitments, letters of intent, agreements
and contracts between the two parties from the date of signing. The rights and obligations of both parties shall be governed by
the provisions of this agreement and the annex.

 

     

     

    

 

16.2 If some clauses or some contents of any clause in this
agreement are found to be invalid, invalid, illegal or unenforceable, it shall not affect the continuous and effective execution
of other clauses and other contents of the clause.

 

16.3 If either party do not exercise any right conferred by
this agreement, it shall not be deemed to waive the right and it also can exercise the right in the future. The rescission or termination
of the agreement shall not be deemed that either party has waived the right to pursue the other party’s liability for breach
of contract. Either party shall have the right to pursue the other party’s liability for breach of contract in accordance
with the law and this agreement.

 

Article 17 Effective and Number of contracts

 

This Agreement shall come into force on the date of signing
and sealing by both parties. This agreement is done in duplicate, and Party A and Party B each holds one copy with the same legal
effect.

 

Party A (Sealing): Shenzhen Dedian Investment Ltd.

 

Legal Representative: ZHOU Guanru

 

Party B (Sealing): Qianhai Asia Times (Shenzhen) International
Financial Services Co., Ltd.

 

Legal Representative: CHEN Qiang

 

Signing Date: 9 April, 2018

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