Document:

Exhibit 10.1

 

Regional Business Service Cooperation Agreement

 

Party A: Beijing Zhuoxun Century Culture Communication Co., Ltd.

 

Authorized representative: Yulong Yi

 

Registered address: Room 513, 5th Floor, No. 5 Haiying Road, Fengtai
District, Beijing

 

Address: Room 513, 5th Floor, No. 5 Haiying Road, Fengtai District,
Beijing

 

Contact: Yulong Yi

 

Postcode: 100000

 

Tel: 010-63721372

 

Fax:

 

E-mail:

 

Party B:

 

Authorized representative:

 

Registered Address:

 

Contact Address: Contact Person: Postal Code:

 

Tel: Fax:

 

E-mail:

 

Party C: Gushen,Inc.

 

Authorized Representative: Yulong Yi

 

Registered Address:

 

Contact Address:

 

Contact Person:

 

Postal Code:

 

Tel: Fax:

 

E-mail:

 

     

     

    

 

The parties, taking into account that:

 

1. Party A is a legally established and validly existing enterprise
within the territory of the People's Republic of China (the “PRC”);

 

2. Party B is a limited liability company registered in PRC and has
business cooperation capabilities;

 

3. Party C is an enterprise listed on the OTC Pink Sheet stock market
in the United States and is the overseas holding company of Party A;

 

4. Party B agrees to provide business cooperation services to Party
A, and Party A agrees to accept the business cooperation services provided by Party B.

 

Accordingly, after friendly negotiation, the parties have reached the
following agreement (the “Agreement”):

 

Article 1 - Contents of cooperation

 

		1.1.	Party B shall engage in business service cooperation (the “Cooperation”) with Part A within the service area (the “Service
Area” as defined below) and the service period (the “Service Period”) authorized by Party A (as a “Service Provider”).
The Cooperation include:

 

		(1)	To provide relevant services of Party A's products to third parties;

 

		(2)	To work with Party A to provide after-sales service for third parties, including but not limited to providing customer services and
guidance for website login problems and webpage access problems, and handling service and product operation problems, etc. ;

 

		(3)	To assist Party A in organizing and conducting business lectures and trainings;

 

		(4)	To provide venues for Party A's seminars, trainings, annual meetings, product launches and other activities in the Service Area and
related logistic assistance required by Party A;

 

		(5)	To provide other services required by Party A.

 

		1.2.	Party A and Party B are independent legal entities and do not have legal or affiliated relationship. Both parties should ensure that
both parties have the operational and legal capacity to fulfill the respective obligations in this Agreement.

 

Article 2 – Service Period

 

2.1. Party A and Party B are committed to the Collaboration until this
Agreement is terminated (the “Service Period”). However, if the contract cannot be performed due to force majeure, either
Party A or Party B may terminate the contract in advance.

 

Article 3 - Service Area and Revenue Allocation

 

3.1 Party A agrees to carry out the Collaboration with Party B in the
________________ (the “Service Area”), and Party B agrees to provide such Collaboration for Party A in the aforementioned
Service Area only and not to provide such Collaboration in any other areas within the territories of the PRC.

 

3.2 During the Service Period between Party A and Party B, Party B
will receive 60% of the total revenue of the Collaboration within the Service Area and during the Service Period (including compensation
for all the expenses of Party B's teaching assistants, service personnel, regional services, etc.) (the “Cash Renumeration”).

 

Article 4 – Remuneration

 

4.1 Party B’s remuneration from Party A includes both Cash Remuneration
and Stock Remuneration (the “Stock Remuneration” as defined below). The Cash Remuneration shall be implemented in accordance
with Section 3.2 of this Agreement. The Stock Remuneration shall only be granted by Party C to Party B or its shareholders (with the grantee(s)
subject to determination by Party A) when Party B meets the assessment requirements set by Party A in this Article 4 of this Agreement.
The assessment period starts from August 1, 2022 - July 30, 2023 (the “Assessment Period”). At the end of the Assessment Period,
Stock Remuneration will be granted in the manner set out in Section 4.4 of this Agreement, in the case that Party B has completed sales
of more than 1 million RMB for Party A during the Assessment Period and that Party B's sales ranked among the top 10 Service Providers.

 

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4.2 Party B agrees and acknowledges that in the case that Party B’s
grant of Stock Remuneration is subject to approval, filing and registration procedures of any regulatory authorities of Party B and C
including the U.S. Securities and Exchange Commission or the China Securities Regulatory Commission, the Party B shall not receive the
Stock Remuneration if any regulatory authorities do not approve, complete the filing or grant registration of the Stock Remuneration.

 

4.3 Party A will rank the sales of each Service Provider on a quarterly
basis (from the beginning of the first quarter during the Assessment Period to the end of the quarter, and such following quarters during
the Assessment Period) during the assessment period, and publish the rank of the top 10 Service Providers during such periods. For reference
only, Party A will also publish the potential Stock Remuneration such top 10 Service Providers will be granted in the case that such Service
Providers continue to maintain such respective rankings until the end of the Assessment Period.

 

4.4 The amount of stock granted (the “stock granted”) under
the Stock Remuneration is calculated in accordance with the following rules:

 

If Party B satisfies the conditions for obtaining Stock Remuneration
as provided in Section 4.1 of this Agreement and completed sales of Party A’s products and services (the “Completed Sales”)
of at least 1 Million RMB within the Service Area and during the Assessment Period, Party C shall grant the following number of stock
of Party C to Party B as follows:

 

		(1)	In the case that the amount of Party B’s Completed Sales equal to 1 Million RMB, and Party B’s total Completed Sales ranks
among the top 10 of all the Completed Sales by Service Providers at the end of the Assessment Period, Party B shall be granted the following
percentage of Party C's then outstanding shares of Common Stock (as defined below): 0.0183%;

 

		(2)	In the case that the amount of Party B’s Completed Sales exceeds 1 Million RMB but does not exceed 1.5 Million RMB, and Party
B’s total Completed Sales ranks among the top 10 of all the Completed Sales by Service Providers at the end of the Assessment Period,
Party B shall be granted the following percentage of Party C's then outstanding shares of Common Stock: Party B’s Completed Sales
times 0.2013%, divided by 1 Million RMB (but shall not exceed 0.0302%);

 

		(3)	In the case that the amount of Party B’s Completed Sales exceeds 1.5 Million RMB but does not exceed 3 Million RMB, and Party
B’s total Completed Sales ranks among the top 10 of all the Completed Sales by Service Providers at the end of the Assessment Period,
Party B shall be granted the following percentage of Party C's then outstanding shares of Common Stock: Party B’s Completed Sales
times 0.2379%, divided by 1 Million RMB (but shall not exceed 0.0714%);

 

		(4)	In the case that the amount of Party B’s Completed Sales exceeds 3 Million RMB but does not exceed 4.5 Million RMB, and Party
B’s total Completed Sales ranks among the top 10 of all the Completed Sales by Service Providers at the end of the Assessment Period,
Party B shall be granted the following percentage of Party C's then outstanding shares of Common Stock: Party B’s Completed Sales
times 0.2745%, divided by 1 Million RMB (but shall not exceed 0.1235%);

 

		(5)	In the case that the amount of Party B’s Completed Sales exceeds 4.5 Million RMB but does not exceed 6 Million RMB, and Party
B’s total Completed Sales ranks among the top 10 of all the Completed Sales by Service Providers at the end of the Assessment Period,
Party B shall be granted the following percentage of Party C's then outstanding Shares of Common Stock: Party B’s Completed Sales
times 0.3294%, divided by 1 Million RMB (but shall not exceed 0.1976%);

 

		(6)	In the case that the amount of Party B’s Completed Sales exceeds 6 Million RMB, and Party B’s total Completed Sales ranks
among the top 10 of all the Completed Sales by Service Providers at the end of the Assessment Period, Party B shall be granted the following
percentage of Party C's then outstanding shares of Common Stock: Party B’s Completed Sales times 0.366%, divided by 1 Million
RMB (but shall not exceed 0.2196%).

 

The above-mentioned percentage that Party B is expected
to be granted is calculated with reference to the number of shares of Common Stock of Party C outstanding as the beginning of the Assessment
Period (“Party C’s then outstanding shares of Common Stock”). If Party C subsequently increases or decreases the share
capital or repurchases the company’s Common Stock, the percentage may be adjusted accordingly at the discretion of Party C. Party
A acknowledges that the stock value of the Common Stock of Party C is affected by many factors such as stock market conditions, company
operating conditions, international political and financial environment, etc., and such value changes in real time. Nothing in this Agreement
shall be construed to provide any representation or warranty by Party A or Party C regarding the value of the Stock Remuneration or the
stock granted thereof under this Article 4 of this Agreement. In the event that Party C effected any stock splits, subdivisions, stock
swaps, reclassifications, capital reorganizations or other stock structure adjustments, the number of stock granted under the Stock Remuneration
and the percentage provided in this Article 4 of this Agreement may be adjusted accordingly at the discretion of Party C.

 

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4.5 In order to ensure that the Stock Remuneration meets any regulatory
requirements, in the case that Party B meets the grant conditions as provided in this Article 4 of this Agreement, Party A shall have
the right to establish, organize and qualify, for Party B’s benefit, such domestic shareholding entities (the “Shareholding
Platforms”) to indirectly hold the stock granted to Party B under the Stock Remuneration, provided that such Shareholding Platforms
have been granted with overseas direct investment qualifications, permits and licenses in accordance with PRC law. Party B shall fully
cooperate with Party A for the establishment, organization and qualification of such Shareholding Platforms.

 

Article 5 – Rights and obligations of the parties

 

5.1 Party A's rights and obligations

 

		(1)	Party A shall furnish Party B with the relevant authorization documents required to carry out the service work free of charge, and
represents and warrants the legality and authenticity of the authorization documents provided, and Party A shall maintain all intellectual
property rights arising from this Agreement.

 

		(2)	Party A shall provide its best efforts to provide information to third parties on Party A’s products and services, and shall
provide its best efforts to ensure the quality of its courses.

 

		(3)	Party A are entitled to all such information of Party B’s students, and Party A shall have the right to enter into any contract
necessary directly with the students.

 

		(4)	Party A is free to adjust its product and service offering, pricing and cooperation mechanisms according to market conditions, and
shall notify Party B of any such adjustment through website announcement or email.

 

		(5)	Any intellectual property rights in connection with video and audio-visual materials produced as a result of any Collaboration under
this Agreement shall exclusively belong to Party A.

 

		(6)	Once Party A has approved its course schedule, it will coordinate logistics with Party B, including regarding lecturer and venue to
avoid the conflict between the time and place of any courses offered by Party B in any Service Area during the Service Period. Party B
shall solicit applications from students in accordance with the course schedule (or any adjusted schedule) set out by Party A.

 

		(7)	Party A shall have the right to terminate the contract with ten days advance notice to Party B, and does not assume any responsibilities,
obligations or damages arising from such termination.

 

		(8)	Once Party A receives such relevant payment and fee invoices from Party B, it shall settle the total cost with Party B by the end
of each month, and shall pay or reimburse such cost on the 15th of the following month according to the settled amount.

 

5.2 Party B's rights and obligations

 

		(1)	Party B represents and warrants that after execution of this Agreement and during the Service Period, it shall comply with the Party
A’s policies, rules and regulations for its Service Providers, including:

 

		a.	Party B must maintain an independent and valid business license;

 

		b.	Party B must have sufficient funds to carry out the Collaboration;

 

		c.	Party B must be legally authorized to carry out the Collaboration (including in accordance with the scope of its authorized businesses
on its business license);

 

		d.	Party B shall maintain sufficient business scale (with a registered capital not less than ________ RMB), reasonable office condition
(no less than _______ square meters), requisite equipment and personnel (the number of personnel should not be less than ______ persons),
with fixed business premises with display, meeting and office spaces;

 

		e.	Party B's personnel have the ability to formulate market expansion plans and implementation such plans, and can be assigned to carry
out the Collaboration independently;

 

		f.	Party B shall operate in compliance with relevant laws and regulations, strictly abide by the confidentiality agreement, and refrain
from engaging in transactions in violation of the PRC Anti-Unfair Competition Law and the Judicial Interpretation of the Anti-Unfair Competition
Law issued by the PRC Supreme People’s Court;

 

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		g.	Party B shall operate independently and carry out the Collaboration independently, but shall protect Party A’s rights and interests
from loss (including but not limited to intellectual property rights and other legal rights).

 

		h.	In the case that Party B is granted with Stock Remuneration, it needs to abide by Party A or Party C’s instructions on stock
lock-up and stock sales. Party B shall not transfer, pledge or use any Stock Remuneration to repay debts, when any stock granted thereof
are subject to any lock-up requirements. In the case that Party B engages in such violations of laws and regulations or such conducts
that result in serious injuries or loss, to Party A’s interests or reputation, Party A or Party C has the right to forfeit such
granted stock that remains subject to any lock-up requirements.

 

		(2)	During the Service Period, Party B shall strictly abide by the relevant laws and regulations, such as the PRC Advertising Law, the
Anti-Unfair Competition Law and the Consumer Rights Protection Law, and shall truthfully represent and promote the information provided
by Party A. Party B shall ensure that any information distributed publicly is accurate, does exceed the data provided by Party A, does
not contain any exaggeration and falsification, and does not damage the interests and brand images of Party A. Otherwise, Party A has
the right to terminate this Agreement and to indemnify or hold Party B liable for all direct or indirect losses caused by Party B's breach
of this Section 5.2(2) or any provision of this Agreement. If Party A is unable to provide any of its products or services to third parties
as a result of Party B’s deceptive behavior, Party B shall bear all costs and shall recoup Party A’s loss arising from such
behavior.

 

		(3)	During the Service Period, Party B shall not cooperate with other companies to carry out any activities on products, services or business
similar to those of Party A. If Party B violates this section 5.2(3), Party A shall have the right to request Party B to rectify such
behabvior or terminate the contract within a reasonable time. Party B shall bear all costs and shall recoup Party A’s loss arising
from such behavior.

 

		(4)	Party B shall read and understand in detail the various policies, rules and regulations related to Service Providers published by
Party A on its website or provided to Party B by other means and channels, and shall be obliged to visit the website regularly to browse
the aforementioned policies, rules and regulations. It is expected that when Party B engages in the Collaboration, it shall comply with
all Party A’s relevant policies, rules and regulations, provide third parties with compliant and high-quality services, and effectively
maintain Party A’s brand and image.

 

		(5)	Party B authorizes Party A to manage all student data, and shall furnish any student data information with Party A within three business
days after acquiring the third-party student information.

 

		(6)	Party B represents and warrants that any activities carried by Party B in connection with the Collaboration shall fully comply with
the requirements of relevant PRC laws and regulations. The materials provided by Party A shall be properly kept and publicized in accordance
with the law, including any course activities involving the use and promotion of Party A’s materials. Party A may indemnify or hold
Party B liable for all direct or indirect losses caused by Party B's breach of this Section 5.2(6).

 

		(7)	Party A shall inform Party B of the course schedule in advance. Party B shall make enrollment arrangements according to this plan,
solicit enrollment, collect the course application forms and registration information summary forms, and shall furnish Party A any initial
course payments with 15 days before each course starts. If the payment is made after the course starts, such payment must be documented
and Party A shall be informed in time.

 

		(8)	Party B represents and warrants that the actual attendance of each course shall not be less than 90% of the designed capacity of each
course, and Party B shall provide such organization or logistic support as needed.

 

		(9)	Party B shall confirm the total cost of teaching assistants, service personnel, and any other service fees after the end of each course
and provide such confirmation documentations to Party A for settlement.

 

		(10)	Party B shall issue a special VAT invoice to Party A before
receiving the relevant payment.

 

		(11)	Party B hereby expressly acknowledges that the stock granted
under the Stock Remuneration qualify as stock issued by Party C in reliance on the exemption under Rule 4(a)(2) under the Securities
Act of 1933, as amended, of the United States and Rule 144 issued thereunder, and any such stock issued qualify as restricted stock,
subject to certain restrictive trading legend on the stock certificate. If Party B wishes to sell or transfer the stock granted in the
future, such stock granted needs to (1) be registered in accordance with the United States securities laws, or (2) be exempted from registrations
as provided under the United States securities laws. Party B acknowledges and agrees that if it intends to sell such stock granted in
the open market, it will need to procure a legal opinion to the satisfaction of the company to prove that certain exemptions under the
United States securities laws are applicable to the sale by Party B, or otherwise Party B shall not sell such stock granted in the open
market.

 

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5.3 Party C's rights and obligations

 

		(1)	For Party B that satisfies the conditions as provided in this Agreement, especially Article 4, Party C shall grant such Stock Remuneration
to Party B in accordance with this Agreement, and assist Party B in unlock such stocks granted to Party B when the lock-up requirements
dissolve.

 

		(2)	Party C has the right to increase or decrease the share capital, repurchase the company's shares, split shares, exchange shares or
make other share capital adjustments according to its actual needs, and has the discretion to adjust the amount of Stock Remuneration
and the stock granted thereof to Party B under this Agreement.

 

Article 6 - Account Information

 

The following constitutes the account information of Party A and Party
B for wiring instructions:

 

Party A:

 

Account Name: Beijing Zhuoxun Century Culture Communication Co., Ltd.

 

Account Bank: China Construction Bank Corporation, Beijing Xuanwu Sub-branch

 

Account number: 11001019500053047673

 

Party B:

 

Account Name:

 

Account opening bank:

 

account:

 

Article 7 - Confidentiality

 

7.1 The parties of this Agreement (Parties A, B and C) agree that any
information furnished or acquired by a party involving the information or interests of another party (including but not limited to product
prices, sales, customer information and other trade secrets) shall be kept confidential. Such information shall not be disclosed to any
other party without the written consent of the party providing such information.

 

7.2 Party B undertakes not to provide any relevant information or materials
related to Party A's products and services to any companies, commercial institutions or organizations that are in competition with Party
A under any circumstances.

 

7.3 Regardless of the effectiveness of this Agreement, the confidentiality
obligations under this Article 7 shall continue in perpetuity.

 

Article 8 - Liability for breach of contract

 

8.1 If any party breaches any provisions of this Agreement, the non-breaching
party has the right to require the breaching party to rectify such breach within 10 days, and require the breaching party to bear the
corresponding liabilities, including but not limited to requiring the breaching party to compensate the non-breaching for the breach of
contract, including all direct or indirect losses caused by the breach. If the breaching party fails to make corrections within the time
limit, the non-breaching party has the right to terminate this agreement.

 

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Article 9 - Notification and Service

 

9.1 All parties to this Agreement confirm that the contact address
and contact information of each party recorded in the first page of this agreement are the address and contact information for each party
to for furnishing commercial correspondence, letters and notices to other parties when performing the contract and resolving contract
disputes.

 

9.2 If any party needs to change the contact address and contact information,
it shall send a written notice of change to the other parties in the contract within ten working days of such change. If any party fails
to notify the other parties of the contract about the change of the contact address and contact information as agreed, the other parties
in the Agreement may serve the document to the contact address and contact method recorded in the first page of this Agreement, which
shall be regarded as conclusive delivery. All legal consequences arising thereof shall be borne by the party that fails to notify the
changed information as agreed.

 

Article 10 - Entry into force of the Agreement

 

10.1. This Agreement will enter into effect after it is signed (or
sealed) by all the authorized representative of each party or affixed with the official seal of the parties to this Agreement.

 

Article 11 - Applicable Law and Dispute Resolution

 

11.1. The effect, validity, interpretation, performance and dispute
resolution of this Agreement shall be governed by the laws of the PRC.

 

11.2. In the event of a dispute, all parties shall try to reach an
amicable resolution by negotiation first. If no agreement can be reached, either party may file a lawsuit with the people's court with
jurisdiction over the place where Party A is domiciled.

 

Article 12 - Others

 

12.1 This Agreement shall be executed in three counterparts, with each
party holding one copy, and each copy shall have the same legal effect as the other counterparts.

 

12.2 In the case that there is any conflicting between this Agreement
and any pre-existing original "Regional Business Service Cooperation Agreement" previously executed between the parties (the
“Pre-Existing Contract”), this Agreement shall prevail. The non-conflicting parts of this Agreement and any Pre-Existing Contract
shall remain effective.

 

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Party A: Beijing Zhuoxun Century Culture Communication Co., Ltd. (official
seal)

 

Legal representative (or authorized representative): Yulong Yi (signature
or seal)

 

_____________________________________________

 

Party B: [Name](official seal/contract special seal)

 

Legal representative (or authorized representative): [Name] (signature
or seal)

 

_____________________________________________

 

Party C: Gushen, Inc. (official seal/contract special seal)

 

Authorized Representative: [Name] (signature or seal)

 

_____________________________________________

 

Signed Date:

Signed Location:

 

(Signature Page)

 

 

8Exhibit 10.2

 

GUSHEN, INC.

 

RESTRICTED STOCK AWARD AGREEMENT

 

FOR

 

[Employee Name]

 

1. Award of Restricted Stock. Gushen,
Inc., a Nevada corporation (the “Company”), hereby grants, as of   July 31, 2022      (the
“Date of Grant”), to         (the “Participant”),    
     restricted shares (collectively the “Restricted Stock”) of the Company’s Common
Stock, par value $0.001 per share (the “Common Stock”). The Restricted Stock shall be subject to the terms, provisions
and restrictions set forth in this Award Agreement (the “Award Agreement”) and the Company’s 2021 Equity Incentive
Plan, as amended (the “Plan”), which is incorporated herein for all purposes. As a condition to entering into this
Award Agreement, and as a condition to the issuance of any Awards (or any other securities of the Company), the Participant agrees to
be bound by all of the terms and conditions herein and in the Plan. Unless otherwise provided herein, terms used herein that are defined
in the Plan and not defined herein shall have the meanings attributable thereto in the Plan.

 

2. Vesting of Restricted Stock

 

(a) General.
Subject to the provisions of Sections 2(b) to 2(d) of this Award Agreement, the Restricted Stock subject to this Award Agreement shall
become vested and non-forfeitable (collectively the “Vested Stock”) ninety (90) days from the Date of Grant (the “Applicable
Date”), provided the Participant’s employment or engagement as an Employee, Officer, Director or Consultant has not been
terminated by the Company from the date hereof until such Applicable Date.

 

(b) Change of Control.
In the event of a change of control of the Company, the Restricted Stock subject to this Award Agreement shall vest and become non-forfeitable
in full, to the extent not vested previously, provided Participant’s employment or engagement has not been terminated by the Company
from the date hereof until such time.

 

(c)
Death, Disability or Other Termination. Notwithstanding any other provision of this Award Agreement, if (i) Participant
terminates the employment or engagement with the Company or is unable to remain available to render services to the Company as a result
of the death or disability of the Participant, or (ii) the Company takes action to terminate the employment or engagement other than for
cause or pursuant to mutual consent of the Company and Participant, the Restricted Stock subject to this grant shall vest and become non-forfeitable
in full, to the extent not vested previously, contemporaneously upon such event or circumstances. For purposes of this Award Agreement,
the Participant shall be deemed to have incurred a “disability” if he or she is unable to provide his or her service
to the Company, with or without reasonable accommodation, as the result of any physical or mental impairment that lasts more than ninety
(90) days in any consecutive rolling one hundred and eighty (180) days.

 

(d) Forfeiture.
Subject to this Section 2 of this Award Agreement and Section 6(c)(iv) of the Plan, all unvested shares of Restricted Stock shall be immediately
forfeited upon the mutual consent of the Company and Participant or as a result of termination for cause of Participant’s employment
or engagement by the Company. For purpose of this Award Agreement, “cause” shall mean (i) the commission of, or plea
of guilty or no contest to, a felony or a crime involving moral turpitude or the commission of any other act involving willful malfeasance
or material fiduciary breach with respect to the Company or an Affiliate; (ii) conduct that brings or is reasonably likely to bring the
Company or an Affiliate negative publicity or into public disgrace, embarrassment, or disrepute; (iii) gross negligence or willful misconduct
with respect to the Company or an Affiliate; (iv) material violation of state or federal securities laws or other applicable laws where
the Participant domiciles; or (v) material violation of the Company’s written policies or codes of conduct, including written policies
related to discrimination, harassment, performance of illegal or unethical activities, and ethical misconduct.

 

     

     

    

 

3. Delivery of Restricted Stock.

 

(a) Issuance of
Stock Certificates and Legends. One or more stock certificates evidencing the Vested Stock shall be issued in the name of
the Participant on each relevant Applicable Date, subject to Section 2of this Award Agreement. Such stock certificate shall be delivered
to the Participant as soon as administratively practicable after the Applicable Date. All such stock certificates shall bear the following
legends, along with such other legends that the Board or the Committee shall deem necessary and appropriate or which are otherwise required
or indicated pursuant to any applicable stockholder agreement:

 

THE SHARES REPRESENTED BY THIS CERTIFICATE
ARE SUBJECT TO SUBSTANTIAL VESTING AND OTHER RESTRICTIONS AS SET FORTH IN THE RESTRICTED STOCK AWARD AGREEMENT BETWEEN THE ISSUER AND
THE ORIGINAL HOLDER OF THE SHARES, A COPY OF WHICH MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF THE ISSUER. SUCH RESTRICTIONS ARE BINDING
ON TRANSFEREES OF THESE SHARES, AND INCLUDE VESTING CONDITIONS WHICH MAY RESULT IN THE COMPLETE FORFEITURE OF THE SHARES.

 

(b) Book Entry. 
Notwithstanding the foregoing, instead of issuing and delivering physical stock certificates, the Company may evidence the Participant’s
interest in the Vested Stock by using a restricted book entry account with the Company’s Transfer Agent as of the Applicable Date.
Such book entry account shall be marked with the restrictive legends as provided under Section 3(a).

 

4. Rights with Respect to Restricted
Stock.

 

(a) General. Except
as otherwise provided in this Award Agreement and the Plan, the Participant shall have, with respect to all of the shares of Vested Stock,
all of the rights of a holder of shares of Common Stock of the Company, including without limitation (i) the right to vote such Vested
Stock, (ii) the right to receive dividends, if any, as may be declared on the Vested Stock from time to time, and (iii) the
rights available to all holders of shares of Common Stock of the Company upon any merger, consolidation, reorganization, liquidation or
dissolution, stock split-up, stock dividend or recapitalization undertaken by the Company, subject to Section 4(b) of the Plan; provided,
however, that all of such rights shall be subject to the terms, provisions, conditions and restrictions set forth in this Award Agreement
and Plan. Any Awards issued to the Participant as a dividend with respect to shares of Restricted Stock shall have the same status and
bear the same legend as the shares of Restricted Stock.

 

(b) Adjustments. If
at any time while this Award Agreement is in effect, there shall be any increase or decrease in the number of issued and outstanding shares
of Common Stock of the Company through the declaration of a stock dividend, recapitalization or any other corporate action described under
Section 4(b) of the Plan, then and in that event, the Board or the Committee shall make any adjustments it deems fair and appropriate,
in view of such change, in the number of shares of Restricted Stock then subject to this Award Agreement, whether Vested Stock or not,
in accordance with Section 4(b) of the Plan. If any such adjustment shall result in a fractional share of Common Stock, such fraction
shall be disregarded.

 

(c) No Restrictions
on Certain Transactions. Notwithstanding any term or provision of this Award Agreement to the contrary, the existence of
this Award Agreement, or of any outstanding Restricted Stock awarded hereunder, shall not affect in any manner the right, power or authority
of the Company to make, authorize or consummate: (i) any or all adjustments, recapitalizations, reorganizations or other changes
in the Company’s capital structure or its business; (ii) any merger, consolidation or similar transaction by or of the Company;
(iii) any offer, issue or sale by the Company of any capital stock of the Company, including any equity or debt securities, or preferred
or preference stock that would rank prior to or on parity with the Restricted Stock and/or that would include, have or possess other rights,
benefits and/or preferences superior to those that the Restricted Stock includes, has or possesses, or any warrants, options or rights
with respect to any of the foregoing; (iv) the dissolution or liquidation of the Company; (v) any sale, transfer or assignment
of all or any part of the stock, assets or business of the Company; or (vi) any other corporate transaction, act or proceeding (whether
of a similar character or otherwise).

 

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5. Transferability. Unless
otherwise determined by the Board or the Committee and notwithstanding Section 6(g)(iv) of the Plan, the Vested Stock are transferable
as of the Applicable Date. For purposes of this Award Agreement, “Transfer” shall mean any sale, transfer, encumbrance,
gift, donation, assignment, pledge, hypothecation, or other disposition, whether similar or dissimilar to those previously enumerated,
whether voluntary or involuntary, and including, but not limited to, any disposition by operation of law, by court order, by judicial
process, or by foreclosure, levy or attachment.

 

6. Tax Matters. 

 

(a) Participant’s
Responsibilities for Tax Consequences. Tax consequences on the Participant (including without limitation federal, state, local
and foreign income tax consequences) with respect to the Restricted Stock (including without limitation the grant, vesting and/or forfeiture
thereof) are the sole responsibility of the Participant. The Participant shall consult with his or her own personal accountant(s) and/or
tax advisor(s) regarding these matters.

 

(b) Satisfaction of
Withholding Requirements. The Participant may satisfy the withholding requirements with respect to the Restricted Stock pursuant
to any one or combination of the following methods: (i) payment in cash; or (ii) if and to the extent permitted by the Board or the Committee,
payment by surrendering unrestricted previously held Awards which have a value equal to the required withholding amount or the withholding
of Awards that otherwise would be deliverable to the Participant pursuant to this Award Agreement.

 

7. Amendment, Modification &
Assignment; Non-Transferability. This Award Agreement may only be modified or amended in a writing signed by the parties
hereto. No promises, assurances, commitments, agreements, undertakings or representations, whether oral, written, electronic or otherwise,
and whether express or implied, with respect to the subject matter hereof, have been made by either party which are not set forth expressly
in this Award Agreement. Unless otherwise consented to in writing by the Company, in its sole discretion, this Award Agreement (and Participant’s
rights hereunder) may not be assigned, and the obligations of Participant hereunder may not be delegated, in whole or in part. The rights
and obligations created hereunder shall be binding on the Participant and his heirs and legal representatives and on the successors and
assigns of the Company.

 

8. Complete Agreement. This
Award Agreement (together with those agreements and documents expressly referred to herein, for the purposes referred to herein) and the
Plan embody the complete and entire agreement and understanding between the parties with respect to the subject matter hereof, and supersede
any and all prior promises, assurances, commitments, agreements, undertakings or representations, whether oral, written, electronic or
otherwise, and whether express or implied, which may relate to the subject matter hereof in any way. To the extent relevant, the Translated
Version as provided in Section 9(j) of this Award Agreement does not form a part of this Award Agreement.

 

    3

     

    

 

9. Miscellaneous.

 

(a) No Right to
(Continued) Employment or Service. This Award Agreement and the grant of Restricted Stock hereunder shall not confer, or
be construed to confer, upon the Participant any right to employment or service, or continued employment or service, with the Company
or any Affiliate.

 

(b) No Limit on
Other Compensation Arrangements. Nothing contained in this Award Agreement shall preclude the Company or any Affiliate from
adopting or continuing in effect other or additional compensation plans, agreements or arrangements, and any such plans, agreements and
arrangements may be either generally applicable or applicable only in specific cases or to specific persons.

 

(c) Severability. If
any term or provision of this Award Agreement is or becomes or is deemed to be invalid, illegal or unenforceable in any jurisdiction or
under the Plan or any applicable law, rule or regulation, then such provision shall be construed or deemed amended to conform to applicable
law (or if such provision cannot be so construed or deemed amended without materially altering the purpose or intent of this Award Agreement,
the grant of Restricted Stock hereunder, or the Plan, such provision shall be stricken as to such jurisdiction and the remainder of this
Award Agreement and the award hereunder shall remain in full force and effect).

 

(d) No Trust or
Fund Created. Neither this Award Agreement nor the grant of Restricted Stock hereunder shall create or be construed to create
a trust or separate fund of any kind or a fiduciary relationship between the Company or any Affiliate and the Participant or any other
person. To the extent that the Participant or any other person acquires a right to receive payments from the Company or any Affiliate
pursuant to this Award Agreement, such right shall be no greater than the right of any unsecured general creditor of the Company.

 

(e) Governing
Law. This Award Agreement shall be governed by and construed and enforced in accordance with the internal laws of the State
of Nevada (without reference to the conflict of laws rules or principles thereof).

 

(f) Interpretation. The
Participant accepts the Restricted Stock subject to all of the terms, provisions and restrictions of this Award Agreement and the Plan.
The undersigned Participant hereby accepts as binding, conclusive and final all decisions or interpretations of the Board or the Committee
upon any questions arising under this Award Agreement or the Plan. To the extent that there is any conflict between the terms, provisions
and restrictions of this Award Agreement and the Plan, the Plan shall govern. To the extent relevant, the Translated Version as provided
in Section 9(j) of this Award Agreement shall not be given any effect on the Interpretation of this Award Agreement.

 

(g) Headings. Section,
paragraph and other headings and captions are provided solely as a convenience to facilitate reference. Such headings and captions shall
not be deemed in any way material or relevant to the construction, meaning or interpretation of this Award Agreement or any term or provision
hereof.

 

(h) Notices. Any
notice under this Award Agreement shall be in writing and shall be deemed to have been duly given when delivered personally or when deposited
in the mail, registered, postage prepaid, and addressed, in the case of the Company, to the Company’s Chief Executive Officer at  Room
513, 5th Floor, No. 5 Haiying Road, Fengtai District, Beijing, China, or if the Company should move its principal office,
to such principal office, and, in the case of the Participant, to the Participant’s last permanent address as shown on the Company’s
records, subject to the right of either party to designate some other address at any time hereafter in a notice satisfying the requirements
of this Section.

 

(i) Non-Waiver
of Breach. The waiver by any party hereto of the other party’s prompt and complete performance, or breach or violation,
of any term or provision of this Award Agreement shall be effected solely in a writing signed by such party, and shall not operate nor
be construed as a waiver of any subsequent breach or violation, and the waiver by any party hereto to exercise any right or remedy which
he or it may possess shall not operate nor be construed as the waiver of such right or remedy by such party, or as a bar to the exercise
of such right or remedy by such party, upon the occurrence of any subsequent breach or violation.

 

(j) Counterparts. This
Award Agreement, in English, may be executed on two or more separate counterparts, each of which shall be an original, and all of which
together shall constitute one and the same agreement. This Award Agreement may be translated into Mandarin Chinese (the “Translated
Version”) for the reference of the Participant to understand this Award Agreement. Shall there be any conflicts between the
English version and the Translated Version, the English version shall prevail.

 

    4

     

    

 

IN WITNESS WHEREOF,
the parties hereto, intending to be legally bound, have executed this Award Agreement as of the date first written above.

 

	 	GUSHEN, INC.
	 	 	 
	 	By:	
	 	Name:  	             
	 	Title:	 

 

	Agreed and Accepted:	 
	 	 
	PARTICIPANT:	 

 

	By:	 	 
	 	[Insert name of Participant]	 

 

 

5

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