Document:

Exhibit 10.12

 

English Translation

 

Housing
Lease Contract

 

Party A (Lessor): Fujian Focus Media Co.,
Ltd.

 

Party B (lessee): Pingtan Comprehensive
Experimental Area E Home Service Co., Ltd.

 

According to the provisions of the “Contract
Law of the People’s Republic of China” and related laws and regulations, on the basis of equality and voluntariness,
both parties reached an agreement on matters related to the rental of houses on the basis of consultation between the two parties
as follows:

 

Article 1 Tenancy of houses

 

		1.1	Party A agrees to lease the Shoushan Waterfall Valley Scenic Area and some leisure villas in Lingtou
Village, Shoushan Township, Jinan District, Fuzhou City to Party B for operation.

 

The lease is in two parts:

 

The first is the Shoushan Waterfall
Valley Scenic Area in Fuzhou. The area of the scenic spot is: South to the South archway, North to the dam and North gate built
by Party B, East to the ecological forest of Hongmu Village, and West to the highway.

 

The second is 1-7 leisure villas.

 

		1.2	Party A guarantees legal ownership or right to lease of the leased house. Party A guarantees that
at the time of signing this contract, there will be no disputes over the ownership of the leased house and there is no guarantee,
mortgage or other security interests.

 

		1.3	Party A guarantees the use of the leased house to allow Party B or its sub-tenants to engage in
lawful business, retail sales and other business activities.

 

Article 2  Term of Lease

 

		2.1	The term of the lease is 20 years, starting on 1 January 2018 and ending on 31 December 2037.

 

		2.2	Upon expiration of the lease, Party B shall have the priority to renew under the same conditions
and the parties may renew the lease contract accordingly.

 

Article 3  Rent, Performance Deposit,
Water, Electricity and Payment Methods

 

		3.1	Rental and Performance Deposit

 

The annual user fee for the
Shoushan Waterfall Valley Scenic Area in Fuzhou is RMB 750,000, and the total fee for 20 years is RMB 15 million.

 

The rent of 1-7 leisure villas
is as follows:

 

From January 1, 2018 to December
31, 2022, the rent is RMB 175,000 per month, and the annual rent is RMB 2.1 million; Total: RMB 10.50 million.

 

     

     

    

 

From January 1, 2023 to December
31, 2027, the rent is RMB 192,500 per month, and the annual rent is RMB 2.31 million; Total: RMB 11.55 million.

 

From January 1, 2028 to December
31, 2032, the rent is RMB 211,750 per month, and the annual rent is RMB 2.5410 million; Total: RMB 12.705 million.

 

From January 1, 2033 to December
31, 2037, the rent is RMB232,925 per month, and the annual rent is RMB2.7951 million; Total: RMB 13.9755 million.

 

The performance deposit is RMB
2.5 million. Within five working days after the signing of the contract, the lessee will pay the lessor such deposit in one lump
sum. If the lessee has no breach of contract, the lessor will return the deposit to the lessee upon the expiration of the lease.
During the period of the lease, the lessee shall not use the performance deposit to deduct the rent of the house and other expenses
to be borne by the lessee as agreed in this contract.

 

		3.2	The water and electricity charges shall be borne by Party A.

 

		3.3	Method of Payment

 

The 20-year user fee for the
Shoushan Waterfall Valley Scenic Area in Fuzhou is RMB15 million, and the lessee shall make the payment fully within five working
days after signing the contract.

 

The rent of 1-7 leisure villas
will be paid once in five years, and the rent will be paid for the period of January 1, 2018 to December 31, 2022 in the fourth
quarter of 2017; Payment of rent for the period from January 1, 2023 to December 31, 2027 in the fourth quarter of 2022; Payment
of rent for the period from January 1, 2028 to December 31, 2032 in the fourth quarter of 2027; In the fourth quarter of 2032,
rent shall be paid for the period from January 1, 2033 to December 31, 2037.

 

Article 4  Delivery and Management of
Tenancies

 

		4.1	Party A shall provide Party B with normal water supply, power supply and drainage system upon delivery.

 

		4.2	Party B shall entrust Party A to operate the leisure vacation villa during low seasons. Party A
shall transfer the remaining balance after deducting 30% service fee from the rental income to Party B’s account on the 10th
of each month.

 

Article 5  Rights and obligations of
both parties

 

(1) The rights and obligations of Party
A

 

		5.1	During the lease period, Party A shall ensure that the leased properties, premises and ancillary
facilities are in a suitable and safe condition and under normal conditions of use. Problems with the main structure of the leased
house (such as frame, wall deformation and cracking, roof, wall seepage, etc.) and daily maintenance shall be handled by Party
A.

 

		5.2	Party A shall complete the maintenance within 3 days from the date of receiving Party B’s
notice of maintenance. Otherwise, Party B may perform the maintenance on its behalf. Party A shall bear the cost.

 

    2

     

    

 

		5.3	During the term of the lease, Party A shall give Party B three months’ written notice of
the assignment of ownership of the leased house. After the transfer of property rights, the assignee shall continue to undertake
Party A’s obligations and enjoy rights as stipulated in this contract.

 

(2) The rights and obligations of Party
B

 

		5.4	Party B shall have the right to decorate or renovate the leased house in accordance with the business
needs and without destroying the main structure of the building.

 

		5.5	During the lease period, if part or all of the rented houses are demolished or reformed due to
government planning or other reasons, Party B shall have the right to terminate the contract. Party A shall make compensation according
to Party B’s investment, damage and relevant regulations. Both parties settle the rent according to the actual period of
use.

 

		5.6	After the termination of this contract, Party B shall have the right to remove Party B’s
commodities, equipment and facilities invested by Party B.

 

Article 6  Termination of contracts

 

(1) Party A may terminate the contract
and take back the leased house if Party B does any of the following:

 

		6.1	Changing the main structure of the house without the written consent of Party A and causing serious
damage to the building;

 

		6.2	Using rented houses for illegal activities.

 

(2) Party B may terminate the contract
unilaterally if Party A:

 

		6.3	fails to deliver the leased house as agreed under this contract and the delay exceeds 30 days;

 

		6.4	fails to perform the maintenance obligations as stipulated in this contract or there are defects
such as the safety of the house, which make it impossible for Party B to use it normally;

 

		6.5	Party B is unable to operate its normal business because of Party A.

 

(3) If Party B is unable to conduct normal
business as a result of losses under this contract, it shall notify Party A in writing three months before it terminates this contract
and shall not be liable for breach of contract.

 

Article 7  Liability for breach of contract

 

		7.1	Party A shall indemnify Party B for all losses incurred in case this contract is invalidated due
to defects in the ownership of the house.

 

		7.2	During the lease period, if one of the circumstances stipulated under Article 6(1) occurs, Party
A shall have the right to terminate the contract, and Party B shall pay Party A penalty for breach of contract equal to 20% of
the total rental cost of the contract. During the lease period, if one of the circumstances stipulated under Article 6(2) occurs,
Party B has the right to terminate the contract. Party A shall pay Party B penalty for breach of contract equal to 20% of the total
rental cost of the contract.

 

    3

     

    

 

		7.3	During the lease period, if Party B’s delay to pay the rent form more than 60 days without
proper reason, Party A shall have the right to terminate the contract after Party A requests payment within a reasonable period
of time.

 

		7.4	During the lease period, if the leased house cannot be used due to natural disasters caused by
force majeure, this contract may be terminated. None of the parties shall not be liable to each other, and the rent shall be calculated
according to the actual use time of Party B.

 

		7.5	Party A shall complete the maintenance of the leased house and its ancillary facilities (including
water supply, power supply, drainage, fire protection), and shall not occupy the property during Party B’s business hours
(except in case of emergency).

 

Article 8  Other matters

 

		8.1	If a dispute arises in the course of the performance of this contract, the two parties may settle
the dispute through consultation. If the parties fail to solve the dispute through consultation, either party may sue the other
party at the People’s Court.

 

		8.2	This contract shall enter into force on the date of signature by both parties A and B in duplicate
and each party shall hold one copy.

 

	Party A(signature):	Party B(signature):
	 	 
	Signature date: December 22, 2017	Signature date: December 22, 2017

 

 

4Exhibit 10.13

 

English Translation

 

Rental Contract

 

                            Date
of signing: January 4, 2019

 

                            Contract
number: F20190104-001#

 

Lessor (Party A): Fujian Design Show E-Commerce
Co., Ltd.

 

Lessee (Party B): Pingtan Comprehensive
Experimental Zone E Home Service Co., Ltd.

 

According to the “Contract Law of
the People’s Republic of China” and the relevant laws and regulations, on the basis of equality and voluntariness,
both parties shall, on the basis of equality and voluntariness, clarify the rights and obligations between the two parties and
lease Party A’s legally owned houses. For the use of Party B, Party B shall lease the contract of Party A and conclude this
contract:

 

Article I. The location, area and condition
of the house

 

		1.	Party A will lease the house located in Zone B, 3rd Floor, No. 2, Yuntai, No. 528 Xihong Road,
Fuzhou City, to Party B for use.

 

		2.	The building area of the rented house is 300 square meters.

 

Article II. The lease term

 

		1.	The rental period of the house is 12 months, from January 8, 2019 to January 7, 2020.

 

		2.	Party B promises to Party A that the rental of the house is for office use only.

 

		3.	When the lease expires, Party A has the right to repossess the rented house, and Party B shall
return it as scheduled. If Party B requests to renew the lease, Party B must notify Party A within one month before the expiration
of the lease period and, after Party A’s consent, re-sign the lease contract.

 

Article III. Rent, deposit and payment
method

 

		1.	The monthly rent of the house is RMB18,000, and the total rent is RMB216,000, and it will be paid
within one week from the date of signing this contract.

 

		2.	The contract deposit has been paid under the contract number: F20180103-001# and no further payment
is required.

 

Article IV. House repair and use

 

		1.	During the lease term, Party A shall ensure the safe use of the rented house. Party B shall use
the rented houses and its ancillary facilities reasonably. If Party B causes damages to the house and facilities due to improper
use, Party B shall be responsible for repairing or providing economic compensation.

 

		2.	The maintenance responsibility of the house and its affiliated facilities shall be the responsibility
of Party A unless otherwise provided under this contract or the supplemental agreement (except for improper use by Party B). Party
A shall notify Party B seven days in advance of the repair, and Party B shall actively assist in such.

 

     

     

    

 

		3.	Party B may, according to the needs of use, decorate the house without affecting the structure
of the house, but the design scale, scope, process, materials and other plans shall be approved by Party A before construction.
After the lease expires, the decoration attached to the house is owned by Party A.

 

		4.	Party A has no obligation to repair Party B’s decoration.

 

Article V. Transfer and sublease of houses

 

		1.	During the lease period, Party A has the right to transfer the ownership of the rented house in
accordance with legal procedures. After the transfer, this contract will continue to be valid and binding for the new owner and
Party B.

 

		2.	Without the written consent of Party A, Party B shall not sublease or lend the rented house to
a third party.

 

		3.	If Party A agrees that Party B will sublease the house, Party A shall separately enter into a supplementary
agreement, and Party B shall sublease the house according to such written agreement with Party A.

 

Article VI. Party B’s breach of contract

 

		1.	During the lease term, if Party B has one of the following acts, Party A has the right to terminate
the contract and recover the house. Party B shall pay Party A penalty of one month’s rent for the contract, and if the liquidated
damages are insufficient to compensate Party A’s losses, Party B shall also be responsible for compensation until it compensates
for all losses of Party A.

 

		(1)	Subletting or lending the house to others without
the written consent of Party A.

 

		(2)	Without the consent of Party A, changing the structure
of house or causing damages to the house, and fail to cure within the prescribed time limit after being notified by Party A.

 

		(3)	Changing the use of house specified in this contract
or using the house for illegal activities.

 

		(4)	Failure to pay the rent for more than one month.

 

		2.	During the lease term, if Party B shall, without the consent of Party A, cancel the lease, Party
B shall pay Party A liquidated damages equal to 20% of the total contract rent. If the liquidated damages are less than the losses
of Party A, Party B shall also be responsible for the balance.

 

		3.	When the lease expires, Party B shall return the house as scheduled. For any delay of return, Party
B shall pay Party A penalty of twice the original rent for each day.

 

Article VII. Party A’s breach of
contract

 

		1.	If Party A fails to deliver the house for use by Party B according to the time specified in this
contract, Party A shall pay Party B a penalty for each day overdue. If Party A’s nonperformance is overdue for more than
seven days, Party B has the right to terminate the contract. In addition to paying liquidated damages, Party A shall also compensate
for actual economic losses other than liquidated damages.

 

    2

     

    

 

		2.	During the lease term, if Party A terminates the contract and repossesses the rented house without
relying on the provisions under Article VI 1, Party A shall refund the remaining rent and unused expenses, and at the same time,
pay liquidated damages equal to 5% of the total contracted rent. If the liquidated damages are insufficient to make up for Party
B’s losses, Party A shall also be responsible for compensating the balance.

 

		3.	Party A shall compensate Party B for the actual economic losses due to the deficiency of Party
A’s ownership of the house or its renting out the house being deemed as illegal.

 

Article VIII. Property rights change

 

		1.	If Party A transfers ownership of the house to a third party in accordance with legal procedures,
in the absence of an agreement, this contract continues to be valid for new homeowners.

 

		2.	If Party A sells the house, Party A must provide Party B a three-month notice in writing. Under
the same conditions, Party B has the right of first refusal.

 

Article IX. Contract termination

 

		1.	Party B shall return the rented house and ancillary equipment to Party A within one day after the
expiration of the lease term.

 

		2.	If Party B returns to Party A’s house, it shall keep the house and facilities in good condition,
and may not retain the items or affect the normal use of the house. Any items left at the premise without Party A’s consent
will be deemed as being abandoned by Party B and Party A shall have the right to dispose of it at will, and Party B shall not raise
any objection.

 

		3.	During the period of house leasing, if Party B has the following acts, Party A has the right to
terminate the contract and recover the rented house:

 

		(1)	subletting or lending a rented house without the written
consent of Party A;

 

		(2)	demolition or change of house structure without the
consent of Party A;

 

		(3)	damage to the rented house that has not been repaired
within a reasonable period of time requested by Party A;

 

		(4)	unauthorized change of the purpose of the house as
stipulated in this contract;

 

		(5)	using the rented house to store dangerous goods or
carry out illegal activities; or

 

		(6)	failure to pay rent for more than one month.

 

Article X. Disclaimer conditions

 

In either of the following circumstances,
Party A and Party B may change or terminate this contract:

 

		1.	both parties are in agreement;

 

		2.	force majeure made it impossible for parties to perform their obligations under the contract;

 

		3.	the contract must be changed or terminated in accordance with the government housing leasing policy
or the law;

 

    3

     

    

 

		4.	the house needs to be demolished according to the time specified in the government house demolition
announcement; or

 

If the contract is terminated due to the
above reasons, the rent shall be calculated according to the actual use time.

 

Article XI. Other agreements

 

		1.	Matters not covered in this contract may be supplemented by the agreement between Party A and Party
B. The supplemental terms and attachments are an integral part of this contract and have the same legal effect as this contract.

 

		2.	The disputes arising from the performance of this contract by Party A and Party B shall be settled
through negotiation. When the negotiation fails, both parties agree to file a lawsuit in the local court.

 

		3.	This contract, together with the annexes in duplicate, shall be executed by each of Party A and
Party B, with the same legal effect.

 

	Party A’s signature (seal):	Party B’s signature (seal):
	 	 
	Date: January 4, 2019	Date: January 4, 2019

 

 

4

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