Document:

Exhibit 10.1

 

Exclusive Business Cooperation Agreement

Between

Fujian Blue Hat Interactive Entertainment
Technology Ltd.

And

Xiamen Duwei Consulting Management Co.,
Ltd.

November 13, 2018

 

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Exclusive Business Cooperation Agreement

Party A: Fujian Blue Hat Interactive
Entertainment Technology Ltd.

Legal Representative: Xiaodong
CHEN

Address: Room 402, Floor 4, Industrial
Design Center, Cross-Strait Longshan Culture Creative Industry Park, No. 84 South Longshan Road, Siming District, Xiamen

Party B: Xiamen Duwei Consulting
Management Co., Ltd.

Legal Representative: Xiaodong
CHEN

Address: Room A-2, Unit 3, Floor
8, Building D, Xiamen International Shipping Center, No. 97 Xiangyu Road, Administration of Xiamen Area of China (Fujian) Pilot
Free Trade Zone

Whereas:

		(1)	Party A is engaged in game operation business (hereinafter referred to as "the Business")
in China, and Party B has the expertise and resources in the strategic consulting related to the aforesaid Business.

(2) 
    Party B is willing to provide Party A with technical support services, consulting services and other services
related to the Business (hereinafter referred to as the "Technical Support Services") and Party A agrees to
accept such services provided by Party B.

Now therefore, through mutual consultation,
the parties have reached the following agreements:

Article 1Technical Support Services

1.1       Provision
of Services

During the validity term of this
Agreement, Party B agrees to provide Party A with the Technical Support Services listed in Appendix 1 and actually required by
Party A as Party A's exclusive business operation provider.

1.2    Acceptance
of Services

Party A agrees to accept the Technical
Support Services provided by Party B and further agrees that during the validity term of this Agreement, Party B shall be Party
A's exclusive business operation provider and Party A shall not entrust or accept any third party to provided the services listed
in Appendix 1 hereto without Party B's prior written consent.

1.3       Intellectual
Property Rights

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For all rights, ownership and
interests related to any and all intellectual property rights arising from or in respect of the performance of this Agreement (including
but not limited to copyrights, patent rights, trademark rights, computer software copyrights, know-how, technology secrets, trade
secrets etc),whether they are developed by Party B or by Party A based on Party B's intellectual property rights, Party B shall
enjoy the sole and exclusive rights.

Article 2Service Fee and Compensation

2.1       Payment
of Service Fee

Party A agrees to pay to Party
B the Technical Support Services fee (hereinafter referred to as the "Service Fee"). The amount of Service Fee
shall be determined according to Party A's actual operation, and amounts to Party A's profit from amalgamation offsetting previous
year's loss (if any),operating expense, all expenses, tax and other mandatory expenditure. Party B shall have the right to adjust
the Service Fee according to the actual scope of service, and referring to the operation situation and expanding demand of Party
A and its affiliates.

Party A agrees to pay previous
year's Service Fee within sixty (60) days as of the date of termination of each accounting year. Meanwhile, Party B shall have
the right to claim reasonable amount of Service Fee from Party A, at any time after annual audit or semi-annual audit of each year
being finished. The amount of Service Fee shall be determined by Party B and notified in writing (hereinafter referred to as the
"Payment Notice") to Party A. Party A shall make the payment within fifteen (15) days as of the date of Payment Notice.
Party B shall have the right to adjust the Service Fee according to the actual operation of Party A at any time.

2.2       Compensation

Besides the Service Fee,
all the reasonable expenses and expenditures related to the technical support services, including but not limited to business travel,
accommodation, transportation and communication costs, shall be charged by Party B to Party A according to the actual amount incurred.

2.3       Provision
of Financial Data

Within fifteen (15) days after
the end of each financial year, Party A shall provide Party B with the financial statements and all business, records, major business
contracts and other related financial data for the financial year. If Party B has questions with the financial data provided by
Party A, it may appoint a reputable independent accountant to audit the relevant data and Party A shall offer its cooperation.

2.4       Indemnity

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Party A shall indemnify and hold
harmless Party B and its agents, representatives, directors, officers and employees from any losses, damage, liability or expenses
arising from any litigation, claim or other requests against Party B or its agents, representatives, directors, officers and employees
relating to or arising from the Technical Support Services required by Party A.

Article 3Liability of Both Parties

3.1       Party
A's Liability

		(1)	To provide Party B with the data and information necessary for the completion of the Technical
Support Services under this Agreement, and guarantee the authenticity and accuracy of such data and information;

		(2)	To pay the relevant expenses to Party B on time in accordance with the provisions of Article 2
of this Agreement;

		(3)	
Other liability as stipulated in the laws and regulations.

3.2       Party
B's Liability

		(1)	To set up a professional working group composed of experienced personnel to provide the Technical
Support Services in accordance with this Agreement;

		(2)	To
guarantee that the consulting opinions and data provided to Party A comply with the provisions of the relevant laws and regulations

Article 4Representations and Warranties

4.1       Party
A's Representations and Warranties

Party A represents and warrants
to Party B that:

		(1)	Party A is a limited liability company formally established and validly existing in accordance
with Chinese laws, mainly engaged in the Business;

		(2)	Party A has already obtained all the government's approval, authorization, licenses, permits, registration
and archival filing for the operation and development of the Business, and undertakes to maintain their effectiveness within the
validity term of this Agreement;

		(3)	Party A has all corporate rights and powers to sign and perform this Agreement and has taken all
necessary corporate actions to formally sign and perform this Agreement. The signing and performance of this Agreement do not violate
the restrictions of laws or contracts that have binding effect or influence on it;

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(4)
    This Agreement shall constitute the legal, effective and binding obligations of Party A and may be enforced on Party A in
accordance with the terms of this Agreement once it is executed; and

		(5)	All the data provided by Party A, its agents, employees or representatives to Party B are true,
complete and accurate in all important aspects and are not misleading

4.2       Party
B's Representations and Warranties

Party B represents and warrants
to Party A that:

		(1)	Party B is a wholly foreign-owned enterprise formally established and validly existing in accordance
with Chinese law;

(2)  
   Party B has all corporate rights and powers to sign and perform this Agreement and has taken all necessary corporate actions
to formally sign and perform this Agreement. The signing and performance of this Agreement do not violate the restrictions of
laws or contracts that have binding effect or influence on it;

		(3)	This Agreement shall constitute the legal, effective and binding obligations of Party B and may
be enforced on Party B in accordance with the terms of this Agreement once it is executed;

(4) 
    All the data provided by Party B, its agents, employees or representatives to Party A are true, complete and accurate in
all important aspects and are not misleading, and

(5)
    Party B shall diligently and conscientiously provide the Technical Support Services under this Agreement in accordance
with applicable Chinese laws, regulations and relevant administrative regulations as well as the provisions of this
Agreement.

4.3       Violation
of the Representations

If there are any conditions under
which any representation or warranty made by any party to this Agreement under Article 4.1 or 4.2 (as the case may be) may become
untrue or inaccurate, the relevant party shall immediately notify the other party in writing and take remedial measures in accordance
with the reasonable requirements of the other party. Each party agrees to compensate the other party for any and all liabilities,
obligations, compensation, fines, ruling, proceedings, costs, expenses and reimbursed expenses incurred by the other party arising
from or in relation to any falsity or inaccuracy of the representations and warranties made under Article 4.1 or 4.2 (as the case
may be) or violation of any provision or agreement under this Agreement.

Article 5Intellectual Property Rights

5.1       Rights
of Creation

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Unless otherwise agreed by both
parties, Party B shall own all the intellectual property rights created or obtained by Party A based on Party B's Technical Support
Services during the term of this Agreement. Party A shall sign all documents necessary for Party B to become the owner of such
intellectual property rights and take all actions required to make Party B a owner of such intellectual property rights. Party
A shall not object to Party B's ownership of any such intellectual property rights and shall not apply for registration or attempt
to acquire or otherwise obtain any intellectual property rights without Party B's prior written consent.

5.2       Name,
Trademark and Logos

Without the prior written consent
of Party B, Party A shall not use Party B's name, trademarks, logos, domain name or any change form of the above or use the wording
that may make people associate it with any of the above in any advertising, promotional materials, press releases or any other
promotional materials.

Article 6Confidentiality

6.1  General
Obligations

During the validity term of this
Agreement and within five (5) years after the termination of this Agreement for any reason, Party A:

		(1)	
shall keep secret of the confidential data and information (hereinafter referred to as "Confidential Data")
on Party B that it learns about or has access to because it accepts Party B’s Technical Support Services, including
but not limited to all technologies, know-how, crafts, software, proprietary data, trade secrets, industry practices,
methods, specifications, design, finance and other proprietary information on Party B's Business, operation and other
affairs, regardless of the Confidential Data is in written, oral or any other form or disclosed to Party A prior to, on the
date or after the signing of this Agreement;

		(2)	shall not disclose the Confidential Data to any third party, unless consented to by Party B in
writing in advance or according to provisions of articles 6.2 and 6.3; and

		(3)	
shall not use the Confidential Data for any purpose unless to fulfill the obligations under this Agreement.

6.2       Disclosure
to The Recipient

Party A may disclose the Confidential
Data to its directors, officers, managers, partners, employees and legal, financial and professional consultants (hereinafter referred
to as the "Recipients") based on the need of knowledge of such Confidential Data to achieve the purpose of this Agreement.

6.3       Recipients'
Obligations

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Party A shall guarantee that the
Recipients know and abide by all the confidentiality obligations of Party A for the Confidential Data under this Agreement as of
the Recipients as a whole is a party to this Agreement.

6.4       Exceptions

The provisions of Article 6.1
do not apply to the following Confidential Data:

		(1)	that
have become or will become data that can be obtained by the public, which is not caused by the disclosure or disclosure by
instructions by Party A or any of its Recipients in violation of this Agreement;

		(2)	
that are disclosed by Party A according to any applicable laws and regulations, any requirements of any regulatext-align:
justifytory authorities or any applicable rules of any securities exchange, provided that the relevant disclosure is limited to
the scope of such requirements or regulations. and if necessary, Party B shall be given the opportunity to review the content
of disclosure and give opinions on the disclosure content before the disclosure; and

		(3)	that are disclosed by Party A according to any government regulations or provisions of judicial
or regulatory process, or in any legal proceedings, prosecution or judicial, supervisory or arbitration proceedings of legal lawsuits,
litigation or proceedings arising from or related to this Agreement, provided that such disclosure is limited to the scope required
by such regulations or proceedings, and if necessary. Party B shall be given the opportunity to review the content of disclosure
and give opinions on the disclosure content before the disclosure.

6.5 Destruction
of Data

Within one (1) day after this Agreement
is terminated for any reason, Party A shall remove all of Party B's Confidential Data from any memory device, and shall destroy
or return all documents, materials, software or other visible media containing any Confidential Data. If Party A chooses to destroy
the relevant documents and materials, a duly authorized senior executive of Party A shall prove to Party B in writing after the
destruction that Party A has properly destroyed all Confidential Data actually.

Article 7Term and Termination

7.1 Term

This Agreement shall come into
force after the signing by the authorized representatives of both parties on the date first written above. This Agreement shall
be valid for ten (10) years unless Party B terminates it early in accordance with the provisions of Article 7.2, or both parties
agree in writing to terminate it ahead of schedule. Unless Party B notify Party A in writing thirty (30) days in advance that the
Agreement will not be renewed,

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otherwise the term of this Agreement
shall be automatically renewed for one (1) year at the expiration date of the validity term, and so on.

7.2       Termination

Party A has no right to terminate
this Agreement unilaterally; Party B may decide to terminate this Agreement by a one (1) month prior written notice. In the event
of any of the following events, Party B may terminate this Agreement immediately after issuing a written notice to Party A to terminate
this Agreement:

		(1)	Party A does not comply with any obligations, stipulations and conditions in this Agreement, and
Party A does not correct such breach within ten (10) days after Party B sends a written notice to Party A; and

		(2)	Party
A suspends its business, loses the ability to repay the debts, becomes bankruptcy or the object of liquidation or dissolution procedures,
is not able to repay the debts due and payable or dissolved according to laws.

7.3       Actions
after Termination

Once this Agreement is terminated,
Party B will not be obliged to continue to provide any services to Party A under this Agreement. Party A does not have the right
to claim any losses caused by the termination of this Agreement (including losses in Business or earnings) against Party B with
any reason. The termination of this Agreement does not impair any right or relief arising to any party before termination or affect
any obligation of any party to the other party to fulfill any obligation arising before the termination of this Agreement.

7.4  Continue
to be Effective

The Clause 2.4, 3.3, Article 6,
Clause 7.3-7.4, Article 8, Clause 9.1-9.3 and Clause 9.8-9.10
shall remain valid after the termination of this Agreement.

Article 8Notice

		8.1	The notices under this Agreement shall be delivered to the following addresses by hand, by fax
or registered mail unless there is a written notice to change the following addresses. If the notice is delivered by registered
mail, the receipt date recorded on the mail receipt shall be deemed as the service date; if the notice is sent by fax or by hand,
the date of delivery shall be deemed as date of service. In case of delivery by fax, the originals shall be delivered to the following
addresses by registered mail or by hand immediately after the delivery.

Party A's Address: Room 402, Floor
4, Industrial Design Center, Cross-Strait Longshan Culture Creative Industry Park, No. 84 South Longshan Road, Siming District,
Xiamen

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Tel:

Fax:

Recipient:

Party B's Address: Room A-2, Unit
3, Floor 8, Building D, Xiamen International Shipping Center, No. 97 Xiangyu Road, Administration of Xiamen Area of China (Fujian)
Pilot Free Trade Zone

Tel:

Fax:

Recipient:

Article 9Miscellaneous Provisions

9.1  Governing
Law

The signing, interpretation, performance
and termination of this Agreement shall apply to and be interpreted in accordance with the laws of the People's Republic of China.

9.2  Settlement
of Disputes

Any dispute arising out of the
interpretation and performance of any terms of this Agreement shall be settled by both parties through bona fide negotiation. Should
the parties cannot reach an agreement to resolve the dispute with thirty (30) days after a party submits the request of dispute
negotiation, either party has the right to submit the dispute to Xiamen Arbitration Committee, where three (3) arbitrators will
settle the dispute in Xiamen according the arbitration rules of the Committee that are in force at that time. The arbitration language
is Chinese. The award shall be final and binding on both parties. The arbitration fees shall be borne by the losing party unless
otherwise specified by the arbitration tribunal.

9.3  Severability

If one or multiple provisions
of this Agreement are determined to be invalid, illegal or unenforceable in any way according to any laws and regulations, the
relevant provisions shall be deemed severable from this Agreement, and the effectiveness, legality and enforceability of the remaining
provisions of this Agreement shall not be affected or impaired in any way. Both parties shall endeavor to negotiate in the principle
of good faith to replace the invalid, illegal or unenforceable provisions with valid regulations and their economic effects shall
be as close as possible to the original economic effect of the invalid, illegal or unenforceable provisions.

9.4       Waiver

Failure of any party to exercise
or exercise in time any right, power or remedy under this Agreement shall not be deemed to be a waiver, and any exercise or partial
exercise of

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relevant right, power or remedy
does not prevent further exercise of relevant right, power or remedy or the exercise of any other right, power or remedy. Without
limiting the foregoing provisions, the waiver of one party of any of the other party's provisions in breach of this Agreement,
shall not be regarded as a waiver of such party of any other future breach of the provision or any other provisions of this Agreement.

9.5       Transfer
Restrictions

This Agreement is binding on both
parties and their successors and authorized transferees. Without the prior written consent of Party B, Party A shall not transfer
any of its rights and obligations under this Agreement. Party B may transfer its rights and obligations under this Agreement to
any person designated by it with a prior notice to Party A.

9.6       Integrity
of This Agreement

This Agreement constitutes an
entire agreement and consensus reached by both parties on the subject matter of this Agreement and supersedes all the previous
agreements or memorandum or arrangements between both parties on the subject matter of this Agreement, whether oral or written

9.7       Amendment

Any amendments and supplement
to this Agreement shall be made in writing by the parties. Any modification or supplement to this Agreement duly executed by the
parties constitutes an integral part of this Agreement and shall have the same legal validity as this Agreement.

9.8       Titles

The titles used in this Agreement
are used for convenience only and are not to be considered in construing or interpreting this Agreement.

9.9       Appendix

The appendix of the Agreement
is the integral part of this Agreement and shall have the same legal validity as this Agreement.

9.10     Copies

This Agreement may be executed
in one or more counterparts and all of which together shall constitute the same one instrument with equal legal validity.

(The following is signature page without
content of agreement)

 

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In witness whereof,
both parties have caused this Agreement to be executed by their respective authorized representatives on the date first above written.

Party A:

 

(Common Seal)

 

 

/s/ Fujian Blue Hat Interactive Entertainment Technology
Ltd.

Authorized Representative (Signature)

 

 

 

Party B:

 

(Common Seal)

 

 

/s/ Xiamen Duwei Consulting Management Co., Ltd.

Authorized Representative (Signature)

 

 

(Signature Page of Exclusive Business Cooperation
Agreement)

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APPENDIX I

Content of Technical Support Services

In the scope permitted by the laws,
the content of Technical Support Services provided by Party B to Party A is:

		(1)	To provide the technical support, technical assistance, technical consulting and professional training
necessary for Party A's operation;

(2)  To
provide network support, database support and software service;

(3) 
 To provide business management consulting;

(4)
     To grant use rights of intellectual property rights;

(5) 
 To lease hardware and device;

		(6)	To provide market consulting, new product assessment, industry research service and marketing strategies;

		

                                                   (7)
	To provide system integration service, research and development of software and system maintenance;
To provide other services related to Party A's operation;

		(8)	To provide labor support at the request of Party A (provided that Party A bears the relevant labor
expenses);

(9)  To
develop the related technologies based on Party A's business needs:

(10) Other
services approved by both parties.Exhibit 10.2

 

Call Option Agreement

Between

Fujian Blue Hat Interactive Entertainment
Technology Ltd.

And

Xiamen Duwei Consulting Management
Co., Ltd.

November 13, 2018

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Call Option Agreement

Party A: Xiaodong CHEN

ID Number: 350102196711020039

Address: Room 2605, No.108 East
Taojin Road, Yuexiu District, Guangzhou

Party B: Xiamen Duwei Consulting
Management Co., Ltd.

Legal representative: Xiaodong
CHEN

Address: Room A-2, Unit 3, Floor
8, Building D, Xiamen International Shipping Center, No.97 Xiangyu Road, Administration of Xiamen Area of China (Fujian) Pilot
Free Trade Zone

Target Company: Fujian Blue Hat Interactive
Entertainment Technology Ltd. (the “Target Company”)

Legal Representative: Xiaodong
CHEN

Address: Room 402, Floor 4, Industrial
Design Center, Cross-Strait Longshan Culture Creative Industry Park, No.84, South Longshan Road, Siming District, Xiamen

Whereas:

		(1)	The Target Company is a company limited by shares incorporated lawfully and existing validly within
the territory of the People’s Republic of China, and Party A holds 67.21% shares as a shareholder of the Target Company.

		(2)	Party B is a wholly foreign-owned enterprise incorporated lawfully and existing validly in accordance
with the laws of the People’s Republic of China and provides technical support, strategic consulting and other related services
to the Target Company as an important partner of the Target Company.

		(3)	Party A and the Target Company intend to grant the Part B, the exclusive option to purchase all
or part of the shares and the assets (including all forms of tangible and intangible assets) of the Target Company held by Party
A, either by Party B itself or through its designated person.

Now therefore, through mutual consultation,
the parties have reached the following agreements:

Article 1 Grant and Exercise of
Call Option

1.1       Granting
Purchase Option

According to the requirements
of Chinese laws and the provisions of this Agreement, the parties agree that Party B own the exclusive right to choose at any time
to purchase all or part of shares or assets of the Target Company held by Party A through Party B itself or

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its designated person (herein
after referred to as “Purchase Options”) The purchase options may be exercised by Party B or the person designated
by Party B which is irrevocable during the term of this Agreement. Party A agrees that any third party except for Party B shall
not own purchase options to the shares or assets of the Target Company or other rights related to the Target Company.

1.2       Exercise
of Option

Based on the requirements of Chinese
law, Party B or its nominated person may send a written notice to Party A and/or the Target Company (as the case may be) (hereinafter
referred to as the “Notice of Exercise”) and specify that it will purchase the shares or the shares of the assets
purchased from the Target Company (hereinafter referred to as the “Purchased Shares/Assets”) and the way of
purchase, the purchase options are excised. Party B or its designee may independently decide when, how and how often to exercise
the option.

1.3       Effect
of Notice of Exercise

Within thirty (30) days from receipt
of the notice of execution, Party A and/or the Target Company (as the case may be) shall sign the Equity/Asset Transfer Contract
and other documents (the “Transfer Documents”) for the transfer with Party B or its nominated person. And Party
A irrevocably waived its right of first refusal to purchase all the other shares sold by the other party to Party B.

1.4       Registration

After the transfer documents are
signed, Party A and/or the Target Company must unconditionally cooperate with Party B to handle any necessary matters related with
transfer including approvals, permits, registrations, filings, etc. Party A shall transfer without any security interests the effective
ownership of purchased equity/asset to Party B or its designated person who become the registered owner of the purchased equity/asset.

1.5       Joint
Responsibility

The obligations and responsibilities
of Party A and the Target Company to Part B are joint liability under this Agreement.

Article 2 Subscription Price

		2.1	Subject to applicable PRC laws, Party B has the right to purchases all or part of the equity interests
or assets of the Target Company held by Party A at any time, either at its own discretion or through its designated person, at
the lowest price (the “exercise price”) permitted by the then-current Chinese law.

Article 3 Representation and Warranty

3.1       Representations
and Warranties

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Each of the party represents and
warrants to the other party that:

		(1)	It has all requisite power, capability and authority to execute this Agreement and perform its
obligations and liabilities under this agreement. This Agreement constitutes the legally valid and binding obligation to the party
and is enforceable against the party in accordance with its terms upon execution.

		(2)	The execution, delivery or performance of this Agreement will not (i) lead to violation of any
law of the PRC; (ii) conflict with the by-law or other constitutional documents; (iii) lead to breach of or default under any contract
or document to which it is a party or which has binding force upon it; (iv) lead to breach of any conditions on the basis of which
any permit or approval is issued to any party hereto and (or) maintenance thereof.

		(3)	The information provided by itself or its agents, employees or representatives to the other party
is true, complete, accurate and no misleading in all material respect.

3.2       Additional
Representations and Warranties of the Target Company and Party A

The Target Company and Party A
provide to Party B the following additional representations and warranties:

		(1)	Party A has good and sellable title to its equity in the Target Company, except for the pledges
stipulated under the <Equity Pledge Agreement> signed by the parties on the same day with the agreement, and there is no
other right burden on it.

		(2)	The
Target Company has good and sellable ownership of all its assets and there is no any security interest or other rights burden on
such assets.

		(3)	The Target Company complies with all applicable laws and regulations (including but not limited
to the laws and regulations applicable to asset acquisition)

		(4)	There
are no pending or potential litigation, arbitration or administrative proceedings relating to the Target Company or its equity
or assets.

		(5)	After Party B or its designated person exercises the purchase option under this Agreement to obtain
the underlying equity or assets, the Target Company and Part A will not take any detriment action to the validity or any interests
of the equity or assets, or the validity of the act of transferring the equity or assets.

Article 4 Other Provisions

4.1       Prohibition
of the Target Company

Before Party B or its nominated
person excises the purchase option to acquire the entire equity or assets of the Target Company, without Party B’s prior
written consent, the Target Company is prohibited to:

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		(1)	Sell, transfer, mortgage or otherwise dispose of any legal or beneficial interest in any asset,
business or income, or allow any other security interest to be set up on it;

		(2)	Enter into the transactions that will materially affect its assets, liabilities, operations, equity
and other legal rights;

		(3)	Occur, inherit, guarantee or allow to have any debt, except for the debt which is (i) incurred
in the ordinary course of business other than the debt arising from the borrowing; and(ii)disclosed to Party B and approved by
Party B in writing;

		(4)	Sign any contract involving any obligation(whether there is an obligation or not) or single payment
exceeding RMB 100 thousand per year or accumulatively exceeding RMB 500 thousand, or be bound by such contract (a series of related
contracts shall be deemed as one contract and the amount involved in the series of contracts should be calculated cumulatively);

		(5)	Provide loans or credit to anyone;

		(6)	Merge or associate with anyone or acquire or invest in anyone;

		(7)	Enter into any agreement or arrangement with any of its affiliates, except for an agreement or
arrangement with Party B signed on the same date as this Agreement; or

		(8)	Distribute dividends to shareholders in any form.

4.2       Prohibition
of the Target Company and Party A

Before B or its designated person
exercises the purchase option to acquire the entire equity or assets of the Target Company without the prior written consent of
Party B, the Target Company, Party A shall not jointly or unilaterally conduct the following actions:

		(1)	Sell, transfer, mortgage or otherwise dispose of the Target Company’s equity/assets or allow
any equity burden on it, except for pledges made under the <Equity Pledges Agreement> signed by the parties on the same day
as this Agreement;

		(2)	Add, change or modify the Articles of Associations of the Target Company in any way, and such supplements,
changes or modifications will materially affect the Target Company’s assets, liabilities, operations, equity and other legal
rights;

		(3)	Appoint, revoke or replace any director, supervisor or manager of the Target Company;

		(4)	Increase or decrease the registered capital of the Target Company or change its shareholding structure
in any other way;

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		(5)	Promote the Target Company to enter into transactions that will materially affect its assets, liabilities,
operations, equity and other legal rights; or

		(6)	Procure the shareholders meeting of the Target Company to pass resolution regarding dividend distribution.

4.3       Actions
of the Target Company and Party A

Before Party B or its designated
person exercises the purchase option to acquire the entire equity or assets of the Target Company, the Target Company and Party
A shall:

		(1)	Maintain the existing of the Target Company in accordance with good financial and commercial standards;
practice and operate its business cautiously and effectively;

		(2)	Operate all the business of the Target Company in the ordinary course of business in order to maintain
the asset value of the Target Company and perform no action /inaction which may affect its operating status or asset value;

		(3)	At the request of Party B, provide all information regarding operation and financial status of
the Target Company;

		(4)	Notify B promptly of litigation, arbitration or administrative procedures that have occurred or
may occur in connection with the Target Company or its equity or assets;

		(5)	Purchase insurance from the insurance company accepted by Party B and maintain the insurance at
all times, and the amount and type of insurance to be maintained shall be the same as the amount and type of insurance usually
adopted by the company operating similar businesses or having similar assets or assets in the same region;

		(6)	In
order to maintain ownership of entire assets of the Target Company, sign all necessary and appropriate documents; take all necessary
and appropriate actions and make all necessary and appropriate charge and appropriate defenses against all claims;

		(7)	Distribute all the distributable profits of the Target Company to its shareholders immediately
upon the request of Party B; and

		(8)	Appoint
any person designated by Party B as the director of the Target Company upon the request of Party B.

Article 5 Compensation

		5.1	If any of the representations or warranties made by any party under Article 3 become untrue or
inaccurate, the relevant party shall promptly notify other party in writing and shall provide remedies according to reasonable
requests made by the other party. Each

    	6 

    	 

    

party agrees to indemnify any
other party the debts, obligations, compensation, fines, awards, litigation, cost, expenses and disbursements which are arising
from or relating to any untruthfulness or inaccuracy in the representations and warranties made under Article 3 or because of any
breach of agreement or provision under this Agreement.

Article 6Confidentiality

6.1       General
Obligation

Within 5 years after the expiration
of this Agreement and after termination of this Agreement for any reason, without prior consent of the parties, either party shall
be responsible for any oral or written information obtained by this Agreement and any other party from the other party in performing
this Agreement (the “Confidential Information”) is confidential and may not disclose any Confidential Information to
any other person.

6.2       Disclosure
to the Recipient

In order to achieve the purpose
of this Agreement, both parties may disclose the Confidential Information to its directors, officers, managers, partners, employees
and legal, financial and professional advisors (collectively referred to as the “Recipients”) on a need-to-know basis.

6.3       Obligations
of the Recipients

The parties shall ensure that
their respective Recipients are aware of and comply with all their confidentiality obligations under this Agreement, as if the
recipient were a party to this Agreement.

6.4       Exceptions

The Clause 6.1 shall not apply
to:

		(1)	The Confidential Information which is already in the public domain or comes into the public domain
otherwise than by a breach of any obligation of confidentiality; or which

		(2)	Disclosures by either party in accordance with the requirements of any applicable law, regulation,
any regulatory department or any applicable rules of any stock exchange, but such disclosure is limited to the scope of such regulations
or requirements and is feasible under the circumstances, other party should be given the opportunity to review the contents of
the disclosure and provide comments on the disclosure before disclosure;

		(3)	Disclosures
by any party pursuant to any governmental regulation or judicial or regulatory process or in any judicial, regulatory or
arbitral proceedings in any legal proceedings, proceedings or proceedings arising out of or in connection with this
Agreement, but relevant disclosures are limited to the scope of these requirements or procedural requirements, and where
feasible, other party are given the opportunity to review
the disclosure and provide comments on the disclosure before disclosure.

    	7 

    	 

    

Article 7 Term and Termination

7.1       Term

This Agreement shall come into
force after execution by the authorized representatives of both parties on the date first written above. This Agreement shall be
valid for ten (10) years unless Party B terminates it early in accordance with the provisions of Article 7.2, or both parties agree
in writing to terminate it ahead of schedule. Unless Party B notify Party A in writing thirty (30) days in advance that the Agreement
will not be renewed, the term of this Agreement shall be automatically renewed for one (1) year at the expiration date of the validity
term, and so on.

7.2       Termination

The Target Company and Party A
shall not terminate this Agreement in any circumstance for any reason. Party B may at its own discretion terminate the agreement
upon a one-month prior written notice.

		(1)	Any party does not comply with any obligations, stipulations and conditions in this Agreement,
and the party does not correct such breach within ten (10) days after Party B sends a written notice to Party A; and

		(2)	The Target Company suspends its business, loses the ability to repay the debts, becomes bankruptcy
or the object of liquidation or dissolution procedures, is not able to repay the debts due and payable or dissolved according to
laws.

7.3       Action
after Termination

The other party is not entitled
to claim any right to the pledgee for any loss (including loss of business or profits) suffered by the termination of this Agreement
for any reason. Termination of this Agreement does not infringe any rights or remedies of any party prior to termination and does
not affect the performance by any party of any of its obligations prior to the termination of this Agreement.

7.4       Continue
to be Effective

The Article 5, 6, Clause 7.3-7.4,
Article 8, Clause 9.1-9.3 and Clause 9.8-9.9 shall remain valid after the termination of this Agreement.

Article 8Notice

		8.1	Unless there is a written notice to change the address specified in the preamble of this agreement,
any notices by the Parties hereunder shall be sent by hand delivery, facsimile, registered mail to the addresses. If the notice
is sent by registered mail, the receipt date recorded on the mail receipt shall be deemed as the service date. If it is delivered
by hand

    	8 

    	 

    

or by fax, the date of delivery
shall be deemed as the service day. If it is delivered by fax, the original should be sent to the above address by registered mail
or delivered by hand immediately after the facsimile notice is served.

Article 9Miscellaneous Provisions

9.1       Governing
Law

The signing, interpretation, performance
and termination of this Agreement, shall be governed by and interpreted in accordance with the laws of the People’s Republic
of China.

9.2       Resolution
of Disputes

Any dispute arising out of the
interpretation and performance of any terms of this Agreement shall be settled by the parties through bona fide negotiation. Should
the parties cannot reach an agreement to resolve the dispute with 30 days after a party submits the request of dispute negotiation,
either party has the right to submit the dispute to Xiamen Arbitration Committee, where 3 arbitrators will settle the dispute according
the arbitration rules of the Committee that are in force at that time. The arbitration language is Chinese. The award shall be
final and binding on all parties. The arbitration fees shall be borne by the losing party unless otherwise specified by the arbitration
tribunal.

9.3       Severability

In the event that any provisions
hereof shall be found invalid, illegal or unenforceable due to inconformity with relevant laws, such provisions shall be invalid
or unenforceable only within the relevant jurisdiction and of no prejudice to the remaining provisions. The Parties shall, through
consultation in good faith, revise as far as permitted by law and in a manner most approximate to the original intention of the
parties, such invalid and unenforceable provisions to the extent to which the provisions are lawful, valid and enforceable, and
such revised provisions shall be, as far as possible, of same financial efficacy with those provisions that are invalid, unlawful
or unenforceable.

9.4       Waiver

Any failure of any party to exercise
or timely exercise any right, power or remedy under this Agreement shall not be deemed as a waiver, and any exercise of the relevant
rights, power or remedy at any one time will not prevent the further exercise of such rights, power or remedy or exercise any other
right, power or remedy. Without limiting the foregoing, any party waving any other party’s violation of any provisions of
this Agreement shall not be deemed to have waived any later violation of this provision or any other provision of this Agreement.

9.5       Transfer
Restoration

    	9 

    	 

    

This Agreement is binding on all
parties and their successors and approved transferees. After informing other party in advance, Party B may transfer its rights
and obligations under this Agreement to any person it designates. The other party cannot transfer any of their rights and obligations
without Party B’s prior written consent.

9.6       Integrity
of this Agreement

The agreement constitutes the
full and entire understanding and agreement between the parties with respect to the subject matter hereof and replaces all oral
and/or written agreement, understanding and arrangements of the parties prior to the conclusion of this Agreement.

9.7       Amendment

Any amendments and supplement
to this Agreement shall be made in writing by the parties. Any modification or supplement to this Agreement duly executed by the
parties constitutes an integral part of this Agreement and shall have the same legal validity as this Agreement.

9.8       Titles

The titles used in this Agreement
are used for convenience only and are not to be considered in construing or interpreting this Agreement.

9.9       Copies

This Agreement may be executed
in one or more counterparts and all of which together shall constitute the same one instrument with equal legal validity.

(The following is signature page without
content of agreement)

    	10 

    	 

    

In witness whereof,
both parties have caused this Agreement to be executed by their respective authorized representatives on the date first above written.

 

	Party A	Party B
	 	 
	(Name Seal)	(Common Seal)
	 	 
	Signature: /s/ Xiaodong Chen	Signature (Authorized Representative): /s/ Xiamen Duwei Consulting Management Co., Ltd.

 

 

Target Company

 

(Common Seal)

 

Signature (Authorized Representative):
/s/ Fujian Blue Hat Interactive Entertainment Technology Ltd.

    	11 

    	 

    

Call Option Agreement

Between

Fujian Blue Hat Interactive Entertainment
Technology Ltd.

And

Xiamen Duwei Consulting Management
Co., Ltd.

November 13, 2018

 

    	12 

    	 

    

Call Option Agreement

Party A: Shaohong CHEN

ID Number: 35010219610308002X

Address: Unit 1106,
No.11, Mi Shu Heng Lane, Gulou District, Fuzhou, Fujian Province

Party B: Xiamen Duwei Consulting
Management Co., Ltd.

Legal representative: Xiaodong
CHEN

Address: Room A-2, Unit 3, Floor
8, Building D, Xiamen International Shipping Center, No.97 Xiangyu Road, Administration of Xiamen Area of China (Fujian) Pilot
Free Trade Zone

Target Company: Fujian Blue Hat Interactive
Entertainment Technology Ltd. (the “Target Company”)

Legal Representative: Xiaodong
CHEN

Address: Room 402, Floor 4, Industrial
Design Center, Cross-Strait Longshan Culture Creative Industry Park, No.84, South Longshan Road, Siming District, Xiamen

Whereas:

		(1)	The Target Company is a company limited by shares incorporated lawfully and existing validly within
the territory of the People’s Republic of China, and Party A holds 27.31% shares as a shareholder of the Target Company.

		(2)	Party B is a wholly foreign-owned enterprise incorporated lawfully and existing validly in accordance
with the laws of the People’s Republic of China and provides technical support, strategic consulting and other related services
to the Target Company as an important partner of the Target Company.

		(3)	Party A and the Target Company intend to grant the Part B, the exclusive option to purchase all
or part of the shares and the assets (including all forms of tangible and intangible assets) of the Target Company held by Party
A, either by Party B itself or through its designated person.

Now therefore, through mutual consultation,
the parties have reached the following agreements:

Article 1 Grant and Exercise of
Call Option

1.1       Granting
Purchase Option

According to the requirements
of Chinese laws and the provisions of this Agreement, the parties agree that Party B own the exclusive right to choose at any time
to purchase all or part of shares or assets of the Target Company held by Party A through Party B itself or

    	13 

    	 

    

its designated person (herein
after referred to as “Purchase Options”) The purchase options may be exercised by Party B or the person designated
by Party B which is irrevocable during the term of this Agreement. Party A agrees that any third party except for Party B shall
not own purchase options to the shares or assets of the Target Company or other rights related to the Target Company.

1.2       Exercise
of Option

Based on the requirements of Chinese
law, Party B or its nominated person may send a written notice to Party A and/or the Target Company (as the case may be) (hereinafter
referred to as the “Notice of Exercise”) and specify that it will purchase the shares or the shares of the assets
purchased from the Target Company (hereinafter referred to as the “Purchased Shares/Assets”) and the way of
purchase, the purchase options are excised. Party B or its designee may independently decide when, how and how often to exercise
the option.

1.3       Effect
of Notice of Exercise

Within thirty (30) days from receipt
of the notice of execution, Party A and/or the Target Company (as the case may be) shall sign the Equity/Asset Transfer Contract
and other documents (the “Transfer Documents”) for the transfer with Party B or its nominated person. And Party
A irrevocably waived its right of first refusal to purchase all the other shares sold by the other party to Party B.

1.4       Registration

After the transfer documents are
signed, Party A and/or the Target Company must unconditionally cooperate with Party B to handle any necessary matters related with
transfer including approvals, permits, registrations, filings, etc. Party A shall transfer without any security interests the effective
ownership of purchased equity/asset to Party B or its designated person who become the registered owner of the purchased equity/asset.

1.5       Joint
Responsibility

The obligations and responsibilities
of Party A and the Target Company to Part B are joint liability under this Agreement.

Article 2 Subscription Price

		2.1	Subject to applicable PRC laws, Party B has the right to purchases all or part of the equity interests
or assets of the Target Company held by Party A at any time, either at its own discretion or through its designated person, at
the lowest price (the “exercise price”) permitted by the then-current Chinese law.

    	14 

    	 

    

Article 3 Representation and Warranty

3.1       Representations
and Warranties

Each of the party represents and
warrants to the other party that:

		(1)	It has all requisite power, capability and authority to execute this Agreement and perform its
obligations and liabilities under this agreement. This Agreement constitutes the legally valid and binding obligation to the party
and is enforceable against the party in accordance with its terms upon execution.

		(2)	The execution, delivery or performance of this Agreement will not (i) lead to violation of any
law of the PRC; (ii) conflict with the by-law or other constitutional documents; (iii) lead to breach of or default under any contract
or document to which it is a party or which has binding force upon it; (iv) lead to breach of any conditions on the basis of which
any permit or approval is issued to any party hereto and (or) maintenance thereof.

		(3)	The information provided by itself or its agents, employees or representatives to the other party
is true, complete, accurate and no misleading in all material respect.

3.2       Additional
Representations and Warranties of the Target Company and Party A

The Target Company and Party A
provide to Party B the following additional representations and warranties:

		(1)	Party A has good and sellable title to its equity in the Target Company, except for the pledges
stipulated under the <Equity Pledge Agreement> signed by the parties on the same day with the agreement, and there is no
other right burden on it.

		(2)	The
Target Company has good and sellable ownership of all its assets and there is no any security interest or other rights burden on
such assets.

		(3)	The Target Company complies with all applicable laws and regulations (including but not limited
to the laws and regulations applicable to asset acquisition)

		(4)	There
are no pending or potential litigation, arbitration or administrative proceedings relating to the Target Company or its equity
or assets.

		(5)	After Party B or its designated person exercises the purchase option under this Agreement to obtain
the underlying equity or assets, the Target Company and Part A will not take any detriment action to the validity or any interests
of the equity or assets, or the validity of the act of transferring the equity or assets.

    	15 

    	 

    

Article 4 Other Provisions

4.1       Prohibition
of the Target Company

Before Party B or its nominated
person excises the purchase option to acquire the entire equity or assets of the Target Company, without Party B’s prior
written consent, the Target Company is prohibited to:

		(1)	Sell, transfer, mortgage or otherwise dispose of any legal or beneficial interest in any asset,
business or income, or allow any other security interest to be set up on it;

		(2)	Enter into the transactions that will materially affect its assets, liabilities, operations, equity
and other legal rights;

		(3)	Occur, inherit, guarantee or allow to have any debt, except for the debt which is (i) incurred
in the ordinary course of business other than the debt arising from the borrowing; and(ii)disclosed to Party B and approved by
Party B in writing;

		(4)	Sign any contract involving any obligation(whether there is an obligation or not) or single payment
exceeding RMB 100 thousand per year or accumulatively exceeding RMB 500 thousand, or be bound by such contract (a series of related
contracts shall be deemed as one contract and the amount involved in the series of contracts should be calculated cumulatively);

		(5)	Provide loans or credit to anyone;

		(6)	Merge or associate with anyone or acquire or invest in anyone;

		(7)	Enter into any agreement or arrangement with any of its affiliates, except for an agreement or
arrangement with Party B signed on the same date as this Agreement; or

		(8)	Distribute dividends to shareholders in any form.

4.2       Prohibition
of the Target Company and Party A

Before B or its designated person
exercises the purchase option to acquire the entire equity or assets of the Target Company without the prior written consent of
Party B, the Target Company, Party A shall not jointly or unilaterally conduct the following actions:

		(1)	Sell, transfer, mortgage or otherwise dispose of the Target Company’s equity/assets or allow
any equity burden on it, except for pledges made under the <Equity Pledges Agreement> signed by the parties on the same day
as this Agreement;

    	16 

    	 

    

		(2)	Add, change or modify the Articles of Associations of the Target Company in any way, and such supplements,
changes or modifications will materially affect the Target Company’s assets, liabilities, operations, equity and other legal
rights;

		(3)	Appoint, revoke or replace any director, supervisor or manager of the Target Company;

		(4)	Increase or decrease the registered capital of the Target Company or change its shareholding structure
in any other way;

		(5)	Promote the Target Company to enter into transactions that will materially affect its assets, liabilities,
operations, equity and other legal rights; or

		(6)	Procure the shareholders meeting of the Target Company to pass resolution regarding dividend distribution.

4.3       Actions
of the Target Company and Party A

Before Party B or its designated
person exercises the purchase option to acquire the entire equity or assets of the Target Company, the Target Company and Party
A shall:

		(1)	Maintain the existing of the Target Company in accordance with good financial and commercial standards;
practice and operate its business cautiously and effectively;

		(2)	Operate all the business of the Target Company in the ordinary course of business in order to maintain
the asset value of the Target Company and perform no action /inaction which may affect its operating status or asset value;

		(3)	At the request of Party B, provide all information regarding operation and financial status of
the Target Company;

		(4)	Notify B promptly of litigation, arbitration or administrative procedures that have occurred or
may occur in connection with the Target Company or its equity or assets;

		(5)	Purchase insurance from the insurance company accepted by Party B and maintain the insurance at
all times, and the amount and type of insurance to be maintained shall be the same as the amount and type of insurance usually
adopted by the company operating similar businesses or having similar assets or assets in the same region;

		(6)	In
order to maintain ownership of entire assets of the Target Company, sign all necessary and appropriate documents; take all necessary
and appropriate actions and make all necessary and appropriate charge and appropriate defenses against all claims;

    	17 

    	 

    

		(7)	Distribute all the distributable profits of the Target Company to its shareholders immediately
upon the request of Party B; and

		(8)	Appoint
any person designated by Party B as the director of the Target Company upon the request of Party B.

Article 5 Compensation

		5.1	If any of the representations or warranties made by any party under Article 3 become untrue or
inaccurate, the relevant party shall promptly notify other party in writing and shall provide remedies according to reasonable
requests made by the other party. Each party agrees to indemnify any other party the debts, obligations, compensation, fines, awards,
litigation, cost, expenses and disbursements which are arising from or relating to any untruthfulness or inaccuracy in the representations
and warranties made under Article 3 or because of any breach of agreement or provision under this Agreement.

Article 6Confidentiality

6.1       General
Obligation

Within 5 years after the expiration
of this Agreement and after termination of this Agreement for any reason, without prior consent of the parties, either party shall
be responsible for any oral or written information obtained by this Agreement and any other party from the other party in performing
this Agreement (the “Confidential Information”) is confidential and may not disclose any Confidential Information to
any other person.

6.2       Disclosure
to the Recipient

In order to achieve the purpose
of this Agreement, both parties may disclose the Confidential Information to its directors, officers, managers, partners, employees
and legal, financial and professional advisors (collectively referred to as the “Recipients”) on a need-to-know basis.

6.3       Obligations
of the Recipients

The parties shall ensure that
their respective Recipients are aware of and comply with all their confidentiality obligations under this Agreement, as if the
recipient were a party to this Agreement.

6.4       Exceptions

The Clause 6.1 shall not apply
to:

		(1)	The Confidential Information which is already in the public domain or comes into the public domain
otherwise than by a breach of any obligation of confidentiality; or which

    	18 

    	 

    

		(2)	Disclosures by either party in accordance with the requirements of any applicable law, regulation,
any regulatory department or any applicable rules of any stock exchange, but such disclosure is limited to the scope of such regulations
or requirements and is feasible under the circumstances, other party should be given the opportunity to review the contents of
the disclosure and provide comments on the disclosure before disclosure;

		(3)	Disclosures by any party pursuant to any governmental regulation or judicial or regulatory process or in any judicial,
regulatory or arbitral proceedings in any legal proceedings, proceedings or proceedings arising out of or in connection with
this Agreement, but relevant disclosures are limited to the scope of these requirements or procedural requirements, and where
feasible, other party are given the opportunity to review the disclosure and provide comments on the disclosure before
disclosure.

Article 7 Term and Termination

7.1       Term

This Agreement shall come into
force after execution by the authorized representatives of both parties on the date first written above. This Agreement shall be
valid for ten (10) years unless Party B terminates it early in accordance with the provisions of Article 7.2, or both parties agree
in writing to terminate it ahead of schedule. Unless Party B notify Party A in writing thirty (30) days in advance that the Agreement
will not be renewed, the term of this Agreement shall be automatically renewed for one (1) year at the expiration date of the validity
term, and so on.

7.2       Termination

The Target Company and Party A
shall not terminate this Agreement in any circumstance for any reason. Party B may at its own discretion terminate the agreement
upon a one-month prior written notice.

		(1)	Any party does not comply with any obligations, stipulations and conditions in this Agreement,
and the party does not correct such breach within ten (10) days after Party B sends a written notice to Party A; and

		(2)	The Target Company suspends its business, loses the ability to repay the debts, becomes bankruptcy
or the object of liquidation or dissolution procedures, is not able to repay the debts due and payable or dissolved according to
laws.

7.3       Action
after Termination

The other party is not entitled
to claim any right to the pledgee for any loss (including loss of business or profits) suffered by the termination of this Agreement
for any reason. Termination of this Agreement does not infringe any rights or remedies of any party prior to termination and does
not affect the performance by any party of any of its obligations prior to the termination of this Agreement.

    	19 

    	 

    

7.4       Continue
to be Effective

The Article 5, 6, Clause 7.3-7.4,
Article 8, Clause 9.1-9.3 and Clause 9.8-9.9 shall remain valid after the termination of this Agreement.

Article 8Notice

		8.1	Unless there is a written notice to change the address specified in the preamble of this agreement,
any notices by the Parties hereunder shall be sent by hand delivery, facsimile, registered mail to the addresses. If the notice
is sent by registered mail, the receipt date recorded on the mail receipt shall be deemed as the service date. If it is delivered
by hand or by fax, the date of delivery shall be deemed as the service day. If it is delivered by fax, the original should be sent
to the above address by registered mail or delivered by hand immediately after the facsimile notice is served.

Article 9Miscellaneous Provisions

9.1       Governing
Law

The signing, interpretation, performance
and termination of this Agreement, shall be governed by and interpreted in accordance with the laws of the People’s Republic
of China.

9.2       Resolution
of Disputes

Any dispute arising out of the
interpretation and performance of any terms of this Agreement shall be settled by the parties through bona fide negotiation. Should
the parties cannot reach an agreement to resolve the dispute with 30 days after a party submits the request of dispute negotiation,
either party has the right to submit the dispute to Xiamen Arbitration Committee, where 3 arbitrators will settle the dispute according
the arbitration rules of the Committee that are in force at that time. The arbitration language is Chinese. The award shall be
final and binding on all parties. The arbitration fees shall be borne by the losing party unless otherwise specified by the arbitration
tribunal.

9.3       Severability

In the event that any provisions
hereof shall be found invalid, illegal or unenforceable due to inconformity with relevant laws, such provisions shall be invalid
or unenforceable only within the relevant jurisdiction and of no prejudice to the remaining provisions. The Parties shall, through
consultation in good faith, revise as far as permitted by law and in a manner most approximate to the original intention of the
parties, such invalid and unenforceable provisions to the extent to which the provisions are lawful, valid and enforceable, and
such revised provisions shall be, as far as possible, of same financial efficacy with those provisions that are invalid, unlawful
or unenforceable.

    	20 

    	 

    

9.4       Waiver

Any failure of any party to exercise
or timely exercise any right, power or remedy under this Agreement shall not be deemed as a waiver, and any exercise of the relevant
rights, power or remedy at any one time will not prevent the further exercise of such rights, power or remedy or exercise any other
right, power or remedy. Without limiting the foregoing, any party waving any other party’s violation of any provisions of
this Agreement shall not be deemed to have waived any later violation of this provision or any other provision of this Agreement.

9.5       Transfer
Restoration

This Agreement is binding on all
parties and their successors and approved transferees. After informing other party in advance, Party B may transfer its rights
and obligations under this Agreement to any person it designates. The other party cannot transfer any of their rights and obligations
without Party B’s prior written consent.

9.6       Integrity
of this Agreement

The agreement constitutes the
full and entire understanding and agreement between the parties with respect to the subject matter hereof and replaces all oral
and/or written agreement, understanding and arrangements of the parties prior to the conclusion of this Agreement.

9.7       Amendment

Any amendments and supplement
to this Agreement shall be made in writing by the parties. Any modification or supplement to this Agreement duly executed by the
parties constitutes an integral part of this Agreement and shall have the same legal validity as this Agreement.

9.8      Titles

The titles used in this Agreement
are used for convenience only and are not to be considered in construing or interpreting this Agreement.

9.9       Copies

This Agreement may be executed
in one or more counterparts and all of which together shall constitute the same one instrument with equal legal validity.

(The following is signature page without
content of agreement)

    	21 

    	 

    

In witness whereof,
both parties have caused this Agreement to be executed by their respective authorized representatives on the date first above written.

 

	Party A	Party B
	 	 
	(Name Seal)	(Common Seal)
	 	 
	Signature: /s/ Shaohong Chen	Signature (Authorized Representative): /s/ Xiamen Duwei Consulting Management Co., Ltd.

 

 

Target Company

 

(Common Seal)

 

Signature (Authorized Representative):
/s/ Fujian Blue Hat Interactive Entertainment Technology Ltd.

    	22 

    	 

    

Call Option Agreement

Between

Fujian Blue Hat Interactive Entertainment
Technology Ltd.

And

Xiamen Duwei Consulting Management
Co., Ltd.

November 13, 2018

 

    	23 

    	 

    

Call Option Agreement

Party A: Weiling ZHANG

Identification Number: 410121197307080523

Address: Unit 1#1005, No.563 Tian
He Lane, Tianhe District, Guangzhou, Guangdong Province

Party B: Xiamen Duwei Consulting
Management Co., Ltd.

Legal representative: Xiaodong
CHEN

Address: Room A-2, Unit 3, Floor
8, Building D, Xiamen International Shipping Center, No.97 Xiangyu Road, Administration of Xiamen Area of China (Fujian) Pilot
Free Trade Zone

Target Company: Fujian Blue Hat Interactive
Entertainment Technology Ltd. (the "Target Company")

Legal Representative: Xiaodong
CHEN

Address: Room 402, Floor 4, Industrial
Design Center, Cross-Strait Longshan Culture Creative Industry Park, No.84, South Longshan Road, Siming District, Xiamen

Whereas:

		(1)	The Target Company is a company limited by shares incorporated lawfully and existing validly within the territory of the People's
Republic of China, and Party A holds 2.48% shares as a shareholder
of the Target Company.

		(2)	Party B is a wholly foreign-owned enterprise incorporated lawfully and existing validly in accordance with the laws of the
People's Republic of China and provides technical support, strategic consulting and other related services to the Target Company
as an important partner of the Target Company.

		(3)	Party A and the Target Company intend to grant the Part B, the exclusive option to purchase all or part of the shares and the
assets (including all forms of tangible and intangible assets) of the Target Company held by Party A, either by Party B itself
or through its designated person.

Now therefore, through mutual
consultation, the parties have reached the following agreements:

Article
1Grant and Exercise of Call Option

    	24 

    	 

    

		1.1	Granting Purchase option

According to the requirements
of Chinese laws and the provisions of this Agreement, the parties agree that Party B own the exclusive right to choose at any time
to purchase all or part of shares or assets of the Target Company held by Party A through Party B itself or its designated person
(herein after referred to as "Purchase Options") The purchase options may be exercised by Party B or the person
designated by Party B which is irrevocable during the term of this Agreement. Party A agrees that any third party except for Party
B shall not own purchase options to the shares or assets of the Target Company or other rights related to the Target Company.

		1.2	Exercise of Option

Based on the requirements of Chinese
law, Party B or its nominated person may send a written notice to Party A and/or the Target Company (as the case may be) (hereinafter
referred to as the "Notice of Exercise") and specify that it will purchase the shares or the shares of the assets
purchased from the Target Company (hereinafter referred to as the "Purchased Shares/Assets") and the way of purchase,
the purchase options are excised. Party B or its designee may independently decide when, how and how often to exercise the option.

		1.3	Effect of Notice of Exercise

Within thirty (30) days from receipt
of the notice of execution, Party A and/or the Target Company (as the case may be) shall sign the Equity/Asset Transfer Contract
and other documents (the "Transfer Documents") for the transfer with Party B or its nominated person. And Party
A irrevocably waived its right of first refusal to purchase all the other shares sold by the other party to Party B.

		1.4	Registration

After the transfer documents are
signed, Party A and/or the Target Company must unconditionally cooperate with Party B to handle any necessary matters related with
transfer including approvals, permits, registrations, filings, etc. Party A shall transfer without any security interests the effective
ownership of purchased equity/asset to Party B or its designated person who become the registered owner of the purchased equity/asset.

		1.5	Joint Responsibility

The obligations and responsibilities
of Party A and the Target Company to Part B are joint liability under this Agreement.

Article
2Subscription Price

		2.1	Subject to applicable PRC laws, Party B has the right to purchases all or part of the equity interests or assets of the Target
Company held by Party A at any time, either at its

    	25 

    	 

    

own discretion or through its designated person,
at the lowest price (the "exercise price") permitted by the then-current
Chinese law.

Article
3Representation and Warranty

		3.1	Representations and Warranties

Each of the party represents and
warrants to the other party that:

		(1)	It has all requisite power, capability and authority to execute this Agreement and perform its obligations and liabilities
under this agreement. This Agreement constitutes the legally valid and binding obligation to the party and is enforceable against
the party in accordance with its terms upon execution.

		(2)	The execution, delivery or performance of this Agreement will not (i) lead to violation of any law of the PRC; (ii) conflict
with the by-law or other constitutional documents; (iii) lead to breach of or default under any contract or document to which it
is a party or which has binding force upon it; (iv) lead to breach of any conditions on the basis of which any permit or approval
is issued to any party hereto and (or) maintenance thereof.

		(3)	The information provided by itself or its agents, employees or representatives to the other party is true, complete, accurate
and no misleading in all material respect·

		3.2	Additional Representations and Warranties of the Target Company and Party A

The Target Company and Party A
provide to Party B the following additional representations and warranties:

		(1)	Party A has good and sellable title to its equity in the Target Company, except for the pledges stipulated under the <Equity
Pledge Agreement> signed by the parties on the same day with the agreement, and there is no other right burden on it.

		(2)	The Target Company has good and sellable ownership of all its assets and there is no any security interest or other rights
burden on such assets.

		(3)	The Target Company complies with all applicable laws and regulations (including but not limited to the laws and regulations
applicable to asset acquisition)

		(4)	There are no pending or potential litigation, arbitration or administrative proceedings relating to the Target Company or its
equity or assets.

    	26 

    	 

    

		(5)	After Party B or its designated person exercises the purchase option under this Agreement to obtain the underlying equity or
assets, the Target Company and Part A will not take any detriment action to the validity or any interests of the equity or assets,
or the validity of the act of transferring the equity or assets.

Article
4Other Provisions

		4.1	Prohibition of the Target Company

Before Party B or its nominated
person excises the purchase option to acquire the entire equity or assets of the Target Company, without Party B's prior written
consent, the Target Company is prohibited to:

		(1)	Sell, transfer, mortgage or otherwise dispose of any legal or beneficial interest in any asset, business or income, or allow
any other security interest to be set up on it;

		(2)	Enter into the transactions that will materially affect its assets, liabilities, operations, equity and other legal rights;

		(3)	Occur, inherit, guarantee or allow to have any debt, except for the debt which is (i) incurred in the ordinary course of business
other than the debt arising from the borrowing; and (ii) disclosed to Party B and approved by Party B in writing;

		(4)	Sign any contract involving any obligation (whether there is an obligation or not) or single payment exceeding RMB 100 thousand
per year or accumulatively exceeding RMB 500 thousand, or be bound by such contract (a series of related contracts shall be deemed
as one contract and the amount involved in the series of contracts should be calculated cumulatively);

		(5)	Provide loans or credit to anyone;

		(6)	Merge or associate with anyone or acquire or invest in anyone;

		(7)	Enter into any agreement or arrangement with any of its affiliates, except for an agreement or arrangement with Party B signed
on the same date as this Agreement; or

		(8)	Distribute dividends to shareholders in any form.

    	27 

    	 

    

		4.2	Prohibition of the Target Company and Party A

Before B or its designated person
exercises the purchase option to acquire the entire equity or assets of the Target Company, without the prior written consent of
Party B, the Target Company, Party A shall not jointly or unilaterally conduct the following actions:

		(1)	Sell, transfer, mortgage or otherwise dispose of the Target Company's equity/assets or allow any equity burden on it, except
for pledges made under the<Equity Pledges Agreement>signed by the parties on the same day as this Agreement;

		(2)	Add, change or modify the Articles of Associations of the Target Company in any way, and such supplements, changes or modifications
will materially affect the Target Company’s assets, liabilities, operations, equity and other legal rights;

		(3)	Appoint, revoke or replace any director, supervisor or manager of the Target Company;

		(4)	Increase or decrease the registered capital of the Target Company or change its shareholding structure in any other way;

		(5)	Promote the Target Company to enter into transactions that will materially affect its assets, liabilities, operations, equity
and other legal rights; or

		(6)	Procure the shareholders meeting of the Target Company to pass resolution regarding dividend distribution.

		4.3	Actions of the Target Company and Party A

Before Party B or its designated
person exercises the purchase option to acquire the entire equity or assets of the Target Company, the Target Company and Party
A shall:

		(1)	Maintain the existing of the Target Company in accordance with good financial and commercial standards; practice and operate
its business cautiously and effectively;

		(2)	Operate all the business of the Target Company in the ordinary course of business in order to maintain the asset value of the
Target Company and perform no action /inaction which may affect its operating status or asset value;

		(3)	At the request of Party B, provide all information regarding operation and financial status of the Target Company;

    	28 

    	 

    

		(4)	Notify B promptly of litigation, arbitration or administrative procedures that have occurred or may occur in connection with
the Target Company or its equity or assets;

		(5)	Purchase insurance from the insurance company accepted by Party B and maintain the insurance at all times, and the amount and
type of insurance to be maintained shall be the same as the amount and type of insurance usually adopted by the company operating
similar businesses or having similar assets or assets in the same region;

		(6)	In order to maintain ownership of entire assets of the Target Company, sign all necessary and appropriate documents; take all
necessary and appropriate actions and make all necessary and appropriate charge and appropriate defenses against all claims;

		(7)	Distribute all the distributable profits of the Target Company to its shareholders immediately upon the request of Party B;
and

		(8)	Appoint any person designated by Party B as the director of the Target Company upon the request of Party B.

Article
5Compensation

		5.1	If any of the representations or warranties made by any party under Article 3 become untrue or inaccurate, the relevant party
shall promptly notify other party in writing and shall provide remedies according to reasonable requests made by the other party.
Each party agrees to indemnify any other party the debts, obligations, compensation, fines, awards, litigation, cost, expenses
and disbursements which are arising from or relating to any untruthfulness or inaccuracy in the representations and warranties
made under Article 3 or because of any breach of agreement or provision under this Agreement.

Article
6Confidentiality

		6.1	General Obligation

Within 5 years after the expiration
of this Agreement and after termination of this Agreement for any reason, without prior consent of the parties, either party shall
be responsible for any oral or written information obtained by this Agreement and any other party from the other party in performing
this Agreement (the "Confidential Information") is confidential and may not disclose any Confidential Information
to any other person.

    	29 

    	 

    

		6.2	Disclosure to the Recipient

In order to achieve the purpose
of this Agreement, both parties may disclose the Confidential Information to its directors, officers, managers, partners, employees
and legal, financial and professional advisors (collectively referred to as the "Recipients") on a need-to-know
basis.

		6.3	Obligations of the Recipients

The parties shall ensure that
their respective Recipients are aware of and comply with all their confidentiality obligations under this Agreement, as if the
recipient were a party to this Agreement.

		6.4	Exceptions

The Clause 6.1 shall not apply
to:

		(1)	The Confidential Information which is already in the public domain or comes into the public domain otherwise than by a breach
of any obligation of confidentiality; or which

		(2)	Disclosures by either party in accordance with the requirements of any applicable law, regulation, any regulatory department
or any applicable rules of any stock exchange, but such disclosure is limited to the scope of such regulations or requirements
and is feasible under the circumstances, other party should be given the opportunity to review the contents of the disclosure and
provide comments on the disclosure before disclosure;

		(3)	Disclosures by any party pursuant to any governmental regulation or judicial or regulatory process or in any judicial, regulatory
or arbitral proceedings in any legal proceedings, proceedings or proceedings arising out of or in connection with this Agreement,
but relevant disclosures are limited to the scope of these requirements or procedural requirements, and where feasible, other party
are given the opportunity to review the disclosure and provide comments on the disclosure before disclosure.

Article
7Term and Termination

		7.1	Term

This Agreement shall come into
force after execution by the authorized representatives of both parties on the date first written above. This Agreement shall be
valid for ten (10) years unless Party B terminates it early in accordance with the provisions of Article 7.2, or both parties agree
in writing to terminate it ahead of schedule. Unless Party B notify Party A in writing thirty (30) days in advance that the Agreement
will not be renewed,

    	30 

    	 

    

the term of this Agreement shall
be automatically renewed for one (1) year at the expiration date of the validity term, and so on.

		7.2	Termination

The Target Company and Party A
shall not terminate this Agreement in any circumstance for any reason. Party B may at its own discretion terminate the agreement
upon a one-month prior written notice.

		(1)	Any party does not comply with any obligations, stipulations and conditions in this Agreement, and the party does not correct
such breach within ten (10) days after Party B sends a written notice to Party A; and

		(2)	The Target Company suspends its business, loses the ability to repay the debts, becomes bankruptcy or the object of liquidation
or dissolution procedures, is not able to repay the debts due and payable or dissolved according to laws.

		7.3	Action after Termination

The other party is not entitled
to claim any right to the pledgee for any loss (including loss of business or profits) suffered by the termination of this Agreement
for any reason, Termination of this Agreement does not infringe any rights or remedies of any party prior to termination and does
not affect the performance by any party of any of its obligations prior to the termination of this Agreement.

		7.4	Continue to be Effective

The Article 5, 6, Clause 7.3-7.4,
Article 8, Clause 9.1-9.3 and Clause 9.8-9.9 shall remain valid after the termination of this Agreement.

Article
8Notice

		8.1	Unless there is a written notice to change the address specified in the preamble of this agreement, any notices by the Parties
hereunder shall be sent by hand delivery, facsimile, registered mail to the addresses. If the notice is sent by registered mail,
the receipt date recorded on the mail receipt shall be deemed as the service date. If it is delivered by hand or by fax, the date
of delivery shall be deemed as the service day. If it is delivered by fax, the original should be sent to the above address by
registered mail or delivered by hand immediately after the facsimile notice is served.

Article
9

    	31 

    	 

    

Miscellaneous
Provisions

		9.1	Governing Law

The signing, interpretation, performance
and termination of this Agreement, shall be governed by and interpreted in accordance with the laws of the People's Republic of
China.

		9.2	Resolution of Disputes

Any dispute arising out of the
interpretation and performance of any terms of this Agreement shall be settled by the parties through bona fide negotiation. Should
the parties cannot reach an agreement to resolve the dispute with 30 days after a party submits the request of dispute negotiation,
either party has the right to submit the dispute to Xiamen Arbitration Committee, where 3 arbitrators will settle the dispute according
the arbitration rules of the Committee that are in force at that time. The arbitration language is Chinese. The award shall be
final and binding on all parties. The arbitration fees shall be borne by the losing party unless otherwise specified by the arbitration
tribunal

		9.3	Severability

In the event that any provisions
hereof shall be found invalid, illegal or unenforceable due to inconformity with relevant laws, such provisions shall be invalid
or unenforceable only within the relevant jurisdiction and of no prejudice to the remaining provisions. The Parties shall, through
consultation in good faith, revise as far as permitted by law and in a manner most approximate to the original intention of the
parties, such invalid and unenforceable provisions to the extent to which the provisions are lawful, valid and enforceable, and
such revised provisions shall be, as far as possible, of same financial efficacy with those provisions that are invalid, unlawful
or unenforceable

		9.4	Waiver

Any failure of any party to exercise
or timely exercise any right, power or remedy under this Agreement shall not be deemed as a waiver, and any exercise of the relevant
rights, power or remedy at any one time will not prevent the further exercise of such rights, power or remedy or exercise any other
right, power or remedy. Without limiting the foregoing, any party waving any other party's violation of any provisions of this
Agreement shall not be deemed to have waived any later violation of this provision or any other provision of this Agreement.

		9.5	Transfer Restoration

This Agreement is binding on all
parties and their successors and approved transferees. After informing other party in advance, Party B may transfer its rights
and obligations under this Agreement to any person it designates. The other party cannot transfer any of their rights and obligations
without Party B's prior written consent.

    	32 

    	 

    

		9.6	Integrity of this Agreement

The agreement constitutes the
full and entire understanding and agreement between the parties with respect to the subject matter hereof and replaces all oral
and/or written agreement, understanding and arrangements of the parties prior to the conclusion of this Agreement.

		9.7	Amendment

Any amendments and supplement
to this Agreement shall be made in writing by the parties. Any modification or supplement to this Agreement duly executed by the
parties constitutes an integral part of this Agreement and shall have the same legal validity as this Agreement.

		9.8	Titles

The titles used in this Agreement
are used for convenience only and are not to be considered in construing or interpreting this Agreement.

		9.9	Copies

This Agreement may be executed
in one or more counterparts and all of which together shall constitute the same one instrument with equal legal validity.

(The following is signature page without
content of agreement)

    	33 

    	 

    

In witness whereof, both parties
have caused this Agreement to be executed by their respective authorized representatives on the date first above written.

 

 

	Party A	Party B
	(Name Seal)	(Common Seal)
	 	 
	 	 
	 	 
	Signature: /s/ Weiling Zhang	Signature (Authorized Representative): /s/ Xiamen Duwei Consulting Management Co., Ltd.
	 	 
	Target Company	 
	 	 
	(Common Seal)	 
	 	 
	Signature (Authorized Representative): /s/ Fujian Blue Hat Interactive Entertainment Technology Ltd	 

 

 

    	34 

    	 

    

Call Option Agreement

Between

Fujian Blue Hat Interactive Entertainment
Technology Ltd.

And

Xiamen Duwei Consulting Management
Co., Ltd.

November 13, 2018

    	35 

    	 

    

Call Option Agreement

Party A: Juanjuan CAI

Identification Number: 35010219660803036X

Address: Room 2605, No.108 East
Taojin Road, Yuexiu District, Guangzhou

Party B: Xiamen Duwei Consulting
Management Co., Ltd.

Legal representative: Xiaodong
CHEN

Address: Room A-2, Unit 3, Floor
8, Building D, Xiamen International Shipping Center, No.97 Xiangyu Road, Administration of Xiamen Area of China (Fujian) Pilot
Free Trade Zone

Target Company: Fujian Blue Hat Interactive
Entertainment Technology Ltd. (the “Target Company”)

Legal Representative: Xiaodong
CHEN

Address: Room 402, Floor 4, Industrial
Design Center, Cross-Strait Longshan Culture Creative Industry Park, No.84, South Longshan Road, Siming District, Xiamen

Whereas:

		(1)	The Target Company is a company limited by shares incorporated lawfully and existing validly within
the territory of the People’s Republic of China, and Party A holds 3% shares as a shareholder of the Target Company.

		(2)	Party B is a wholly foreign-owned enterprise incorporated lawfully and existing validly in accordance
with the laws of the People’s Republic of China and provides technical support, strategic consulting and other related services
to the Target Company as an important partner of the Target Company.

		(3)	Party A and the Target Company intend to grant the Part B, the exclusive option to purchase all
or part of the shares and the assets (including all forms of tangible and intangible assets) of the Target Company held by Party
A, either by Party B itself or through its designated person.

Now therefore, through mutual consultation,
the parties have reached the following agreements:

Article 1Grant and Exercise
of Call Option

1.1       Granting
Purchase Option

According to the requirements
of Chinese laws and the provisions of this Agreement, the parties agree that Party B own the exclusive right to choose at any time
to purchase all or part of shares or assets of the Target Company held by Party A through Party B itself or

    	36 

    	 

    

its designated person (herein
after referred to as “Purchase Options”) The purchase options may be exercised by Party B or the person designated
by Party B which is irrevocable during the term of this Agreement. Party A agrees that any third party except for Party B shall
not own purchase options to the shares or assets of the Target Company or other rights related to the Target Company.

1.2       Exercise
of Option

Based on the requirements of Chinese
law, Party B or its nominated person may send a written notice to Party A and/or the Target Company (as the case may be) (hereinafter
referred to as the “Notice of Exercise”) and specify that it will purchase the shares or the shares of the assets
purchased from the Target Company (hereinafter referred to as the “Purchased Shares/Assets”) and the way of
purchase, the purchase options are excised. Party B or its designee may independently decide when, how and how often to exercise
the option.

1.3       Effect
of Notice of Exercise

Within thirty (30) days from receipt
of the notice of execution, Party A and/or the Target Company (as the case may be) shall sign the Equity/Asset Transfer Contract
and other documents (the “Transfer Documents”) for the transfer with Party B or its nominated person. And Party
A irrevocably waived its right of first refusal to purchase all the other shares sold by the other party to Party B.

1.4       Registration

After the transfer documents are
signed, Party A and/or the Target Company must unconditionally cooperate with Party B to handle any necessary matters related with
transfer including approvals, permits, registrations, filings, etc. Party A shall transfer without any security interests the effective
ownership of purchased equity/asset to Party B or its designated person who become the registered owner of the purchased equity/asset.

1.5       Joint
Responsibility

The obligations and responsibilities
of Party A and the Target Company to Part B are joint liability under this Agreement.

Article 2Subscription Price

		2.1	Subject to applicable PRC laws, Party B has the right to purchases all or part of the equity interests
or assets of the Target Company held by Party A at any time, either at its own discretion or through its designated person, at
the lowest price (the “exercise price”) permitted by the then-current Chinese law.

Article 3Representation and
Warranty

3.1       Representations
and Warranties

    	37 

    	 

    

Each of the party represents and
warrants to the other party that:

		(1)	It has all requisite power, capability and authority to execute this Agreement and perform its
obligations and liabilities under this agreement. This Agreement constitutes the legally valid and binding obligation to the party
and is enforceable against the party in accordance with its terms upon execution.

		(2)	The execution, delivery or performance of this Agreement will not (i) lead to violation of any
law of the PRC; (ii) conflict with the by-law or other constitutional documents; (iii) lead to breach of or default under any contract
or document to which it is a party or which has binding force upon it; (iv) lead to breach of any conditions on the basis of which
any permit or approval is issued to any party hereto and (or) maintenance thereof.

		(3)	The information provided by itself or its agents, employees or representatives to the other party
is true, complete, accurate and no misleading in all material respect.

3.2       Additional
Representations and Warranties of the Target Company and Party A

The Target Company and Party A
provide to Party B the following additional representations and warranties:

		(1)	Party A has good and sellable title to its equity in the Target Company, except for the pledges
stipulated under the <Equity Pledge Agreement> signed by the parties on the same day with the agreement, and there is no
other right burden on it.

		(2)	The Target Company has good and sellable ownership of all its assets and there is no any security interest or other rights
burden on such assets.

		(3)	The Target Company complies with all applicable laws and regulations (including but not limited
to the laws and regulations applicable to asset acquisition)

		(4)	There are no pending or potential litigation, arbitration or administrative proceedings relating to the Target Company or its
equity or assets.

		(5)	After Party B or its designated person exercises the purchase option under this Agreement to obtain
the underlying equity or assets, the Target Company and Part A will not take any detriment action to the validity or any interests
of the equity or assets, or the validity of the act of transferring the equity or assets.

Article 4Other Provisions

4.1       Prohibition
of the Target Company

Before Party B or its nominated
person excises the purchase option to acquire the entire equity or assets of the Target Company, without Party B’s prior
written consent, the Target Company is prohibited to:

    	38 

    	 

    

		(1)	Sell, transfer, mortgage or otherwise dispose of any legal or beneficial interest in any asset,
business or income, or allow any other security interest to be set up on it;

		(2)	Enter into the transactions that will materially affect its assets, liabilities, operations, equity
and other legal rights;

		(3)	Occur, inherit, guarantee or allow to have any debt, except for the debt which is (i) incurred
in the ordinary course of business other than the debt arising from the borrowing; and(ii)disclosed to Party B and approved by
Party B in writing;

		(4)	Sign any contract involving any obligation(whether there is an obligation or not) or single payment
exceeding RMB 100 thousand per year or accumulatively exceeding RMB 500 thousand, or be bound by such contract (a series of related
contracts shall be deemed as one contract and the amount involved in the series of contracts should be calculated cumulatively);

		(5)	Provide loans or credit to anyone;

		(6)	Merge or associate with anyone or acquire or invest in anyone;

		(7)	Enter into any agreement or arrangement with any of its affiliates, except for an agreement or
arrangement with Party B signed on the same date as this Agreement; or

		(8)	Distribute dividends to shareholders in any form.

4.2       Prohibition
of the Target Company and Party A

Before B or its designated person
exercises the purchase option to acquire the entire equity or assets of the Target Company without the prior written consent of
Party B, the Target Company, Party A shall not jointly or unilaterally conduct the following actions:

		(1)	Sell, transfer, mortgage or otherwise dispose of the Target Company’s equity/assets or allow
any equity burden on it, except for pledges made under the <Equity Pledges Agreement> signed by the parties on the same day
as this Agreement;

		(2)	Add, change or modify the Articles of Associations of the Target Company in any way, and such supplements,
changes or modifications will materially affect the Target Company’s assets, liabilities, operations, equity and other legal
rights;

		(3)	Appoint, revoke or replace any director, supervisor or manager of the Target Company;

		(4)	Increase or decrease the registered capital of the Target Company or change its shareholding structure
in any other way;

    	39 

    	 

    

		(5)	Promote the Target Company to enter into transactions that will materially affect its assets, liabilities,
operations, equity and other legal rights; or

		(6)	Procure the shareholders meeting of the Target Company to pass resolution regarding dividend distribution.

4.3       Actions
of the Target Company and Party A

Before Party B or its designated
person exercises the purchase option to acquire the entire equity or assets of the Target Company, the Target Company and Party
A shall:

		(1)	Maintain the existing of the Target Company in accordance with good financial and commercial standards;
practice and operate its business cautiously and effectively;

		(2)	Operate all the business of the Target Company in the ordinary course of business in order to maintain
the asset value of the Target Company and perform no action /inaction which may affect its operating status or asset value;

		(3)	At the request of Party B, provide all information regarding operation and financial status of
the Target Company;

		(4)	Notify B promptly of litigation, arbitration or administrative procedures that have occurred or
may occur in connection with the Target Company or its equity or assets;

		(5)	Purchase insurance from the insurance company accepted by Party B and maintain the insurance at
all times, and the amount and type of insurance to be maintained shall be the same as the amount and type of insurance usually
adopted by the company operating similar businesses or having similar assets or assets in the same region;

		(6)	In order to maintain ownership of entire assets of the Target Company, sign all necessary and appropriate documents; take all
necessary and appropriate actions and make all necessary and appropriate charge and appropriate defenses against all
claims;

		(7)	Distribute all the distributable profits of the Target Company to its shareholders immediately
upon the request of Party B; and

		(8)	Appoint any person designated by Party B as the director of the Target Company upon the request of Party B.

Article 5Compensation

		5.1	If any of the representations or warranties made by any party under Article 3 become untrue or
inaccurate, the relevant party shall promptly notify other party in writing and shall provide remedies according to reasonable
requests made by the other party. Each

    	40 

    	 

    

party agrees to indemnify any
other party the debts, obligations, compensation, fines, awards, litigation, cost, expenses and disbursements which are arising
from or relating to any untruthfulness or inaccuracy in the representations and warranties made under Article 3 or because of any
breach of agreement or provision under this Agreement.

Article 6Confidentiality

6.1       General
Obligation

Within 5 years after the expiration
of this Agreement and after termination of this Agreement for any reason, without prior consent of the parties, either party shall
be responsible for any oral or written information obtained by this Agreement and any other party from the other party in performing
this Agreement (the “Confidential Information”) is confidential and may not disclose any Confidential Information to
any other person.

6.2       Disclosure
to the Recipient

In order to achieve the purpose
of this Agreement, both parties may disclose the Confidential Information to its directors, officers, managers, partners, employees
and legal, financial and professional advisors (collectively referred to as the “Recipients”) on a need-to-know basis.

6.3       Obligations
of the Recipients

The parties shall ensure that
their respective Recipients are aware of and comply with all their confidentiality obligations under this Agreement, as if the
recipient were a party to this Agreement.

6.4       Exceptions

The Clause 6.1 shall not apply
to:

		(1)	The Confidential Information which is already in the public domain or comes into the public domain
otherwise than by a breach of any obligation of confidentiality; or which

		(2)	Disclosures by either party in accordance with the requirements of any applicable law, regulation,
any regulatory department or any applicable rules of any stock exchange, but such disclosure is limited to the scope of such regulations
or requirements and is feasible under the circumstances, other party should be given the opportunity to review the contents of
the disclosure and provide comments on the disclosure before disclosure;

		(3)	Disclosures by any party pursuant to any governmental regulation or judicial or regulatory process or in any judicial,
regulatory or arbitral proceedings in any legal proceedings, proceedings or proceedings arising out of or in connection with
this Agreement, but relevant disclosures are limited to the scope of these requirements or procedural requirements, and where
feasible, other party are given the opportunity to review the disclosure and provide comments on the disclosure before disclosure.

    	41 

    	 

    

Article 7Term and Termination

7.1       Term

This Agreement shall come into
force after execution by the authorized representatives of both parties on the date first written above. This Agreement shall be
valid for ten (10) years unless Party B terminates it early in accordance with the provisions of Article 7.2, or both parties agree
in writing to terminate it ahead of schedule. Unless Party B notify Party A in writing thirty (30) days in advance that the Agreement
will not be renewed, the term of this Agreement shall be automatically renewed for one (1) year at the expiration date of the validity
term, and so on.

7.2       Termination

The Target Company and Party A
shall not terminate this Agreement in any circumstance for any reason. Party B may at its own discretion terminate the agreement
upon a one-month prior written notice.

		(1)	Any party does not comply with any obligations, stipulations and conditions in this Agreement,
and the party does not correct such breach within ten (10) days after Party B sends a written notice to Party A; and

		(2)	The Target Company suspends its business, loses the ability to repay the debts, becomes bankruptcy
or the object of liquidation or dissolution procedures, is not able to repay the debts due and payable or dissolved according to
laws.

7.3       Action
after Termination

The other party is not entitled
to claim any right to the pledgee for any loss (including loss of business or profits) suffered by the termination of this Agreement
for any reason. Termination of this Agreement does not infringe any rights or remedies of any party prior to termination and does
not affect the performance by any party of any of its obligations prior to the termination of this Agreement.

7.4       Continue
to be Effective

The Article 5, 6, Clause 7.3-7.4,
Article 8, Clause 9.1-9.3 and Clause 9.8-9.9 shall remain valid after the termination of this Agreement.

Article 8Notice

		8.1	Unless there is a written notice to change the address specified in the preamble of this agreement,
any notices by the Parties hereunder shall be sent by hand delivery, facsimile, registered mail to the addresses. If the notice
is sent by registered mail, the receipt date recorded on the mail receipt shall be deemed as the service date. If it is delivered
by hand

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or by fax, the date of delivery
shall be deemed as the service day. If it is delivered by fax, the original should be sent to the above address by registered mail
or delivered by hand immediately after the facsimile notice is served.

Article 9Miscellaneous Provisions

9.1       Governing
Law

The signing, interpretation, performance
and termination of this Agreement, shall be governed by and interpreted in accordance with the laws of the People’s Republic
of China.

9.2       Resolution
of Disputes

Any dispute arising out of the
interpretation and performance of any terms of this Agreement shall be settled by the parties through bona fide negotiation. Should
the parties cannot reach an agreement to resolve the dispute with 30 days after a party submits the request of dispute negotiation,
either party has the right to submit the dispute to Xiamen Arbitration Committee, where 3 arbitrators will settle the dispute according
the arbitration rules of the Committee that are in force at that time. The arbitration language is Chinese. The award shall be
final and binding on all parties. The arbitration fees shall be borne by the losing party unless otherwise specified by the arbitration
tribunal.

9.3       Severability

In the event that any provisions
hereof shall be found invalid, illegal or unenforceable due to inconformity with relevant laws, such provisions shall be invalid
or unenforceable only within the relevant jurisdiction and of no prejudice to the remaining provisions. The Parties shall, through
consultation in good faith, revise as far as permitted by law and in a manner most approximate to the original intention of the
parties, such invalid and unenforceable provisions to the extent to which the provisions are lawful, valid and enforceable, and
such revised provisions shall be, as far as possible, of same financial efficacy with those provisions that are invalid, unlawful
or unenforceable.

9.4       Waiver

Any failure of any party to exercise
or timely exercise any right, power or remedy under this Agreement shall not be deemed as a waiver, and any exercise of the relevant
rights, power or remedy at any one time will not prevent the further exercise of such rights, power or remedy or exercise any other
right, power or remedy. Without limiting the foregoing, any party waving any other party’s violation of any provisions of
this Agreement shall not be deemed to have waived any later violation of this provision or any other provision of this Agreement.

9.5       Transfer
Restoration

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This Agreement is binding on all
parties and their successors and approved transferees. After informing other party in advance, Party B may transfer its rights
and obligations under this Agreement to any person it designates. The other party cannot transfer any of their rights and obligations
without Party B’s prior written consent.

9.6       Integrity
of this Agreement

The agreement constitutes the
full and entire understanding and agreement between the parties with respect to the subject matter hereof and replaces all oral
and/or written agreement, understanding and arrangements of the parties prior to the conclusion of this Agreement.

9.7       Amendment

Any amendments and supplement
to this Agreement shall be made in writing by the parties. Any modification or supplement to this Agreement duly executed by the
parties constitutes an integral part of this Agreement and shall have the same legal validity as this Agreement.

9.8       Titles

The titles used in this Agreement
are used for convenience only and are not to be considered in construing or interpreting this Agreement.

9.9       Copies

This Agreement may be executed
in one or more counterparts and all of which together shall constitute the same one instrument with equal legal validity.

(The following is signature page without
content of agreement)

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In witness whereof,
both parties have caused this Agreement to be executed by their respective authorized representatives on the date first above written.

 

	Party A	Party B
	 	 
	(Name Seal)	(Common Seal)
	 	 
	Signature: /s/ Juanjuan Cai	Signature (Authorized Representative): /s/ Xiamen Duwei Consulting Management Co., Ltd.

 

 

Target Company

 

(Common Seal)

 

Signature (Authorized Representative):
/s/ Fujian Blue Hat Interactive Entertainment Technology Ltd.

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