Document:

Exhibit 10.3

 

SALE AND PURCHASE AGREEMENT

 

This SALE AND PURCHASE AGREEMENT,
dated as of Mar._25____, 2019 (the “Agreement”), is made by and among CHINA LIBERAL EDUCATION HOLDINGS
LIMITED, a company duly incorporated under the laws of Cayman Islands with Company no. SI-348422(the “Cayman Co.”),
the individual listed on the signature page (the “Shareholder”) who owns 100% of the issued shares of YI XIN
INTERNATIONAL INVESTMENT LIMITED, a company duly incorporated under the laws of British Virgin Islands with company no.1610485
(the “BVI Co.”) (individually a “Party” or collectively “Parties”).

 

RECITALS

 

WHEREAS,
the Shareholder as listed on Schedule A hereinafter is the equity shareholder of BVI Co.;

 

WHEREAS,
the Shareholder desires to sell all the issued shares of the BVI Co. and her equity interest in BVI Co. to Cayman Co., and in consideration
thereof, Cayman Co. has agreed to issue its ordinary shares in connection with such sale, upon the terms and conditions set forth
in this Agreement;

 

WHEREAS,
following the Sale and Purchase (as defined below), BVI Co. will become a wholly-owned subsidiary of Cayman Co.

 

NOW, THEREFORE, for and in consideration
of the foregoing premises, the mutual covenants and agreements contained herein, and for other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the Parties, intending to be legally bound, hereby agree as follows:

 

SECTION I

SALE AND PURCHASE OF SHARES

 

1.1 On
the terms and subject to the conditions set forth in this Agreement, at the Closing, the Shareholder will sell, convey, transfer
and assign to Cayman Co., free and clear of all liens, pledges, encumbrances, changes, restrictions or known claims of any kind,
nature or description, and Cayman Co. will purchase and accept from the Shareholder,100 shares of and in the BVI Co. which is equivalent
to 100% of the equity interest and all the issued shares of BVI Co. (the “BVI Shares”), as set forth on Schedule
A, and in consideration thereof, the Cayman Co. will issue one ordinary share of par value of USD1 in the Cayman Co. (the “Cayman
Shares”) to Ever Alpha Global Limited, a BVI company 100% owned by the Shareholder (“Ever Alpha”),
as requested and designated by the Shareholder , the said sale and purchase is refereed to herein as “Sale and Purchase”.
Upon completion of the Sale and Purchase, all the issued 100 ordinary shares of BVI Co. shall be held directly by Cayman Co. and
the issue of the Cayman Shares to Ever Alpha will discharge and release all the obligations owing by the Cayman Co. to the Shareholder
under this Agreement.

 

1.2 (1)
The closing of the Sale and Purchase shall occur on Mar._______, 2019 (the “Closing”). The Closing will take
place at 10:00 a.m at the offices of Kernel Business Services Limited, Unit 1102, 11/F, 29 Austin Road, Tsim Sha Tsui, Kowloon,
HongKong, or at such other date, time and place or manner as may be agreed upon by the parties.

 

     

     

    

 

(2) At the Closing, upon the terms and subject
to the conditions of this Agreement:

 

		(i)	BVI Co. shall deliver or cause to be delivered:

 

		(a)	To Cayman Co., a board resolution approving BVI Co.’s entry into this Agreement and the sale of the BVI Shares to Cayman
Co.;

 

		(ii)	The Shareholder shall:

 

		(a)	Deliver or cause to be delivered to Cayman Co., an instrument of transfer of the BVI Shares to Cayman Co. (the “BVI
IOT”), duly executed by the Shareholder (as transferor) as of the date of Closing;

 

		(b)	Deliver or cause to be delivered to Cayman Co., an instrument of transfer of the Cayman Shares to Ever Alpha (the “Cayman
IOT”), duly executed by Ever Alpha (as transferee) as of the date of Closing;

 

		(c)	Deliver or cause to be delivered to Cayman Co., a board resolution of Ever Alpha approving the Ever Alpha’s execution
of the Cayman IOT;

 

		(d)	Surrender her share certificate(s) representing the BVI Shares;

 

		(iii)	Cayman Co. shall deliver or cause to be delivered:

 

		(a)	To BVI Co. and the Shareholder, the BVI IOT, duly executed by Cayman Co. (as transferee) as of the date of Closing;

 

		(b)	To Ever Alpha, the Cayman IOT, duly executed by Cayman Co. (as transferor) as of the date of Closing; and

 

		(c)	To BVI Co. and the Shareholder, A board resolution of Cayman Co. approving Cayman Co.’s entry into this Agreement and
its execution of the Cayman IOT and the BVI IOT.

 

(3) Within 14 business days after Closing:

 

		(i)	BVI Co shall deliver or cause to be delivered to the Cayman Co. (a) the updated register of member of the BVI Co. to reflect
that the Cayman Co. is the registered shareholder of the BVI Shares and (b) the share certificate representing the BVI Shares registered
in the name of the Cayman Co..

 

		(ii)	Cayman Co. shall deliver or cause to be delivered to Ever Alpha, (a) the updated register of members of the Cayman Co. to reflect
that Ever Alpha is the registered shareholder of the Cayman Shares and (b) the share certificate(s) representing the Cayman Shares
registered in the name of Ever Alpha.

 

1.3 The
Cayman Shares issuable upon exchange and the BVI Shares to be exchanged pursuant to Section 1.1 shall be appropriately adjusted
to take into account any other stock split, stock dividend, reverse stock split, recapitalization, or similar change in ordinary
shares of Cayman Co. or ordinary shares of BVI Co., as the case may be, which may occur between the date of execution of this Agreement
and the Closing, as to the Cayman Shares or BVI Shares, as the case may be.

 

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SECTION II

SHAREHOLDER AND EVER ALPHA REPRESENTATIONS
AND

WARRANTIES.

 

Each of the Shareholder and Ever Alpha hereby represents and
warrants to Cayman Co., all of which representations and warranties are true, complete, and correct in all respects as of the date
hereof and will be as of the Closing, as follows:

 

2.1 Each
of the Shareholder and Ever Alpha has the right, power, legal capacity and authority to enter into and perform their respective
obligations under this Agreement; and no approvals or consents are necessary in connection with it. All of the shares of ordinary
shares of BVI Co. owned by the Shareholder are owned free and clear of all liens, pledges, encumbrances, changes, restrictions
or known claims of any kind, nature or description.

 

2.2 The
equity interest and all the shares of the BVI Co. owned by such Shareholder will, at the Closing, be validly transferred to Cayman
Co. free and clear of any encumbrances and from all taxes, liens and charges with respect to the transfer thereof and such shares
s of BVI Co. shall be fully paid and non-assessable with the holder being entitled to all rights accorded to a holder of such shares
of BVI Co..

 

SECTION III

BVI CO. REPRESENTATIONS AND

WARRANTIES.

 

BVI Co. hereby represents and warrants to
Cayman Co., all of which representations and warranties are true, complete, and correct in all respects as of the date hereof and
will be as of the Closing, as follows:

 

3.1 BVI
Co. is a company duly incorporated pursuant to the laws of British Virgin Islands, and duly organized, validly existing and in
good standing under the laws of the jurisdiction of its incorporation.

 

3.2 BVI
Co. has full power and authority to enter into and perform its obligations under this Agreement. This Agreement has been duly executed
by BVI Co. and constitutes the legal, valid, binding and enforceable obligation of BVI Co., enforceable against BVI Co. in accordance
with its terms.

 

3.3 The
execution and delivery by BVI Co. of, and the performance by BVI Co. of its obligations hereunder in accordance with its terms
will not contravene any provision of the memorandum and articles of association of BVI Co..

 

    3

     

    

 

3.4 The
BVI Shares constitute all of the equity interests of BVI Co.. No securities of BVI Co. are entitled to pre-emptive or similar rights,
and no person has any right of first refusal, pre-emptive right, right of participation, or any similar right to participate in
the transactions contemplated by this Agreement. There are no outstanding options, warrants, rights to subscribe to, calls or commitments
of any character whatsoever relating to, or securities, rights or obligations convertible into or exchangeable for, or giving any
person any right to subscribe for or acquire, equity interests of BVI Co.. The transfer of BVI Shares contemplated by this Agreement
will not, immediately or with the passage of time; (A) obligate BVI Co. to issue equity interests of BVI Co. or other securities
to any person, or (B) result in a right of any holder of BVI Co. securities to adjust the exercise, conversion, exchange or
reset price of such securities.

 

3.5 The
BVI Co. undertakes not to issue or allot any further shares or any kind of securities of the BVI Co . to any party after signing
this Agreement.

 

SECTION IV

 CAYMAN CO. REPRESENTATIONS AND
WARRANTIES.

 

Cayman Co. hereby acknowledges, represents and warrants to,
and agrees with the Shareholder and BVI Co. (which representations and warranties will be true and correct as of the date of the
Closing as if they were made on the date of Closing) as follows:

 

4.1 Cayman
Co. has been duly incorporated, is validly existing and is in good standing under the laws of Cayman Islands. Cayman Co. has full
corporate power and authority to enter into this Agreement and this Agreement, has been duly and validly authorized, executed and
delivered by Cayman Co. and are valid and binding obligations of Cayman Co., enforceable against Cayman Co. in accordance with
their terms.

 

4.2 The
execution and delivery by Cayman Co. of, and the performance by Cayman Co. of its obligations hereunder in accordance with its
terms will not contravene any provision of the memorandum and articles of association of Cayman Co..

 

4.3 The
Cayman Shares have been duly authorized and, when issued and delivered as provided by this Agreement, will be validly issued and
fully paid and non-assessable, and the Cayman Shares are not subject to any preemptive or similar rights.

 

4.4 Cayman
Co. is not in violation of its memorandum of association or articles of association and is not in material default in the performance
of any bond, debenture, note or any other evidence of indebtedness or any indenture, mortgage, deed of trust, license, contract,
lease or other instrument to which Cayman Co. is a party or by which it is bound, or to which any of the property or assets of
Cayman Co. is subject, except such as has been waived or which would not, singly or in the aggregate, prevent Cayman Co. from discharging
its obligations under this Agreement.

 

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SECTION V

GENERAL PROVISIONS

 

5.1 Releases
and Waivers of the Shareholder. The Shareholder on his own behalf hereby acknowledges and agrees that the BVI Shares set
forth on Schedule A represents the entire BVI Shares issued by the BVI Co. and held by such Shareholder as of the date of this
Agreement and as of the Closing. The Shareholder hereby releases Cayman Co. from all obligations, liabilities and causes of action
arising before, on or after the date of this Agreement, out of or in relation to any entitlement which such Shareholder may have
with respect to any BVI Shares in excess of the number of BVI Shares set forth on Schedule A. The Shareholder hereby generally,
irrevocably, unconditionally and completely waives any and all rights to receive any anti-dilution protection to which such Shareholder
may be entitled under the memorandum of association or articles of association or other organizational documents of BVI Co. or
under any other agreement or instrument in connection with the Sale and Purchase. Except for the Cayman Shares to be issued to
Ever Alpha in connection with the Sale and Purchase, the Shareholder hereby generally, irrevocably, unconditionally and completely
waives any and all rights existing as of the date hereof to receive options, depository receipts, warrants, stock appreciation
or similar rights to acquire or receive securities in BVI Co., or Cayman Co..

 

5.2 Survival. All
representations, warranties, covenants, and obligations in this Agreement shall survive until the expiration of the applicable
statute of limitation with respect to the underlying claim to which such representation, warranty, covenant, or obligation relates.

 

5.3 Written
Changes. Neither this Agreement nor any provision hereof may be changed, waived, discharged or terminated orally,
except by a statement in writing signed by the Party against which enforcement of the change, waiver, discharge or termination
is sought.

 

5.4 Entire
Agreement. This Agreement constitutes the entire understanding and agreement of the Parties with respect to
the subject matter hereof and supersedes all prior and contemporaneous agreements or understandings, inducements or conditions,
express or implied, written or oral, between the Parties with respect hereto. The express terms hereof control and supersede
any course of performance or usage of the trade inconsistent with any of the terms hereof.

 

5.5 Severability. Should
any one or more of the provisions of this Agreement or of any agreement entered into pursuant to this Agreement be determined to
be illegal or unenforceable, all other provisions of this Agreement and of each other agreement entered into pursuant to this Agreement,
shall be given effect separately from the provision or provisions determined to be illegal or unenforceable and shall not be affected
thereby. The Parties further agree to replace such void or unenforceable provision of this Agreement with a valid and
enforceable provision which will achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable
provision.

 

5.6 Successors
and Assigns. The terms and conditions of this Agreement shall inure to the benefit of and be binding upon and be enforceable
by the successors and assigns of the Parties.

 

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5.7 Governing
Law. The validity, terms, performance and enforcement of this Agreement shall be governed and construed by the
provisions hereof and in accordance with the laws of the State of New York applicable to agreements that are negotiated, executed,
delivered and performed in the State of New York.

 

5.8 Counterparts. This
Agreement may be executed concurrently in two or more counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument and shall become effective when counterparts have been signed by each Party
and delivered to the other Party.

 

5.9 Further
Assurances. Each party shall do and perform, or cause to be done and performed, all such further acts and things,
and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably
request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions
contemplated hereby.

 

5.10 Third
Party Beneficiaries. Nothing expressed or implied in this Agreement is intended, or shall be construed, to confer
upon or give any person other than the Parties any rights or remedies under or by reason of this Agreement.

 

5.11 Headings. The
headings of this Agreement are for convenience of reference and shall not form part of, or affect the interpretation of, this Agreement.

 

[SIGNATURE PAGES TO FOLLOW]

 

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IN WITNESS WHEREOF,
the Parties have executed and delivered this Sale and Purchase Agreement as of the date first written above.

 

	YI XIN INTERNATIONAL INVESTMENT LIMITED	 
	 	 	 
	By:	/s/ Lam Ngai Ngai	 
	Name:	LAM NGAI NGAI	 
	Title:	Director	 
	 	 	 
	CHINA LIBERAL EDUCATION HOLDINGS LIMITED	 
	 	 
	By:	/s/ Lam Ngai Ngai	 
	Name:	LAM NGAI NGAI	 
	Title:	Director	 
	 	 	 
	LAM NGAI NGAI	 
	 	 
	Signature  	/s/ Lam Ngai Ngai	 
	 	 	 
	EVER ALPHA GLOBAL LIMITED	 
	 	 
	By:	/s/ Lam Ngai Ngai	 
	Name:	LAM NGAI NGAI	 
	Title:	Director	 

 

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SCHEDULE
A

 

	Name of Shareholder	 	All the issued
shares of BVI Co. Owned as of the Date of this Agreement	 	Shares of Cayman
Co. to be Acquired By Ever Alpha Pursuant to the Sale and Purchase
	LAM NGAI NGAI	 	100 ordinary shares	 	one ordinary share

 

 

8Exhibit 10.4

 

 

Huateng
Century HQ Park

Property
Lease Contract

 

Lessor:
Beijing Zhongmei Star International Film & TV Cultural Media Co., Ltd.

 

Lessee:
China Liberal (Beijing) Education Technology Co., Ltd.

 

 

 

 

Date
of Signing: May 29, 2018

 

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Property
Lease Contract

 

Lessor:
Beijing Zhongmei Star International Film & TV Cultural Media Co., Ltd.

Address:
9# Courtyard, Chenjialin, Balizhuang Village, Gaobeidian Town, Chaoyang District, Beijing Municipality

 

Lessee:
China Liberal (Beijing) Education Technology Co., Ltd.

Address:
Room A-1301, Floor 2, Building 3, 30# Courtyard, Shixing Street, Shijingshan District, Beijing Municipality

 

According
to the relevant national laws and regulations, and based on the principles of voluntariness, equality and mutual benefits, the
Lessor and the Lessee have entered into this Contract through negotiation.

 

Chapter
I: Leased Unit and Purpose

 

		1.	The
                                         Lessor agrees to lease the property as described in Schedule II hereto (hereinafter referred
                                         to as “Leased Unit”) to the Lessee, which is located at [Huateng Century
                                         HQ Park] namely [Chaoyang District Balizhuang Cultural Creative Industrial Park], 9#
                                         Courtyard, Chenjialin, Balizhuang Village, Gaobeidian Town, Chaoyang District, Beijing
                                         Municipality (hereinafter referred to as “Park”).

 

		2.	The
                                         Lessee shall rent the Leased Unit only for the purpose of office and training.

 

		3.	The
                                         Lessee shall rent and use the Leased Unit according to Customer Service Manual of
                                         Huateng Century HQ Park (hereinafter referred to as “Customer Manual”)
                                         and Decoration Manual of Huateng Century HQ Park (hereinafter referred to as “Decoration
                                         Manual”) as established by the property management company appointed by the Lessor,
                                         namely Beijing Tonghexinda Assets Management Co., Ltd. (hereinafter referred to as “Property
                                         Company”).

 

		4.	In
                                         order to reasonably use the Leased Unit, the Lessee has the right to jointly use the
                                         public area and facilities of the Park with other users of the Park according to the
                                         provisions of Customer Manual.

  

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Chapter
II: Lease Term, Rent-free Period, Delivery and Renewal

 

		1.	See
                                         Schedule III hereto for the lease term and the starting date and ending date thereof.

 

		2.	See
                                         Schedule III hereto for the rent-free period and the starting date and ending date thereof.
                                         Within the rent-free period, the Lessee shall not pay rental; however, the Lessee shall
                                         pay the property management service fee, electricity charges, water charges, communication
                                         charges, gas charges (if any) arising from the use of the Leased Unit by the Lessee,
                                         as well as all other expenses that shall be assumed by user as specified in Customer
                                         Manual.

 

		3.	The
                                         Lessee shall fully pay the deposit to the Lessor as scheduled and prepay the rental of
                                         the three months after the rent-free period, and shall prepay the property management
                                         service fee of 55 days within the rent-free period and that of three months after the
                                         rent-free period to the property management company; in such case, the Lessor shall deliver
                                         the Leased Unit to the Lessee according to the delivery standards as described in Schedule
                                         II as from the starting date of the lease term; otherwise the Lessor shall deliver the
                                         Leased Unit as soon as the Lessee has fully paid up the aforesaid amounts.

 

		4.	The
                                         Parties agree that the renewal upon the expiration of the lease term shall subject to
                                         the provisions of Schedule VI hereto.

 

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Chapter
III: Rental, Property Management Service Fee, other Expenses and Payment Method

 

		1.	The
                                         Lessee shall, within 3 working days as from the date of signing of this Contract,
                                         prepay the rental of the three months after the rent-free period, and shall prepay the
                                         property management service fee of 55 days within the rent-free period and that
                                         of three months after the rent-free period to the property management company.

 

		2.	The
                                         Lessee shall, from the 20th to 25th day of each month of
                                         the lease term, prepay the renal, property management service fee and parking fee of
                                         next month to the Lessor and the property management company according to the standards
                                         as described in Schedule IV hereto.

 

		3.	The
                                         Lessee shall, according to Customer Manual of the Park and relevant public service
                                         supply rules, timely and directly pay the electricity charges, water charges, communication
                                         costs, gas charges (if any), etc as incurred by the Lessee in the Leased Unit to the
                                         Lessor or the property management company of the Park in full.

 

		4.	All
                                         taxes (if any) relating to this Contract shall be respectively assumed and paid by the
                                         Lessor or the Lessee according to Chinese laws.

 

Chapter
IV: Deposit

  

		1.	The
                                         Lessee shall, within 3 working days as from the date of signing of this Contract,
                                         pay the rental deposit as specified in Schedule V hereto and the property management
                                         service fee deposit as described in Schedule V to the Lessor. Rental deposit and property
                                         management service fee deposit are collectively referred to as deposit, so as to guarantee
                                         that the Lessee will fully comply with all provisions of this Contract.

 

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		2.	If
                                         the lease term hereunder expires or if the Contract is early terminated or dissolved,
                                         after the Lessee has returned the Leased Unit in conformity with the provisions hereof
                                         to the Lessor or the property management company, the Lessor shall decide to refund the
                                         deposit according to the following circumstances after having deducted the rental, property
                                         management service fee, other expenses, penalty, compensation , etc that shall be assumed
                                         by the Lessee:

 

		2.1	If
                                         the Lessee’s registered address is not in the Park, the Lessor shall refund the
                                         deposit to the Lessee without interest within 15 days after the Lessee has paid up all
                                         expenses and moved out of the Park as scheduled.

 

		2.2	If
                                         the registered address of the Lessee and/or other subsidiary or branch of the Lessee’s
                                         group, other representative office or affiliated enterprise (affiliated enterprises include
                                         controlling enterprise, shareholding enterprise, the enterprise with the same shareholder
                                         or legal person) is in the Park, the Lessee shall settle up all expenses and move out
                                         of the Park and shall complete the change of registered address within 15 working days.
                                         The Lessor shall refund the deposit to the Lessee without interest within 15 days after
                                         the Lessee has provided the copy of document of registered address change. If the Lessee
                                         and/or other subsidiary or branch of the Lessee’s group, other representative office
                                         or affiliated enterprise (affiliated enterprises include controlling enterprise, shareholding
                                         enterprise, the enterprise with the same shareholder or legal person) fail to handle
                                         the procedures of change of enterprise registered address within 2 months after having
                                         moved out of the Park, the Lessor has the right not to refund the deposit to the Lessee,
                                         and the Lessee shall assume all consequences arising therefrom.

 

		3.	At
                                         any time of the lease term, the deposit shall equal to the sum of 3 months’
                                         house rental and property management service fee. If the deposit is insufficient, the
                                         Lessee shall make up the insufficiency within 3 working days after the receipt
                                         of the written notice from the Lessor and (or) property management company.

 

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		4.	The
                                         Lessor and the property management company shall issue a receipt within 3 working
                                         days after having actually received the deposit as fully paid by the Lessee, and shall
                                         issue the invoice in conformity with the national regulations after having actually received
                                         the rental and property management service fee, etc as fully paid by the Lessee.

 

Chapter
V: The Lessee’s Responsibilities

 

Except
as specified by other provisions of this Contract, the Lessee shall assume the following responsibilities:

 

		1.	The
                                         Lessee represents and warrants that it has obtained all necessary authority and approval
                                         to sign this Contract and rent the Leased Unit according to the provisions of this Contract.

 

		2.	The
                                         Lessee shall fully comply with and perform the Customer Manual of the Park and
                                         relevant public service supply rules. The Lessee shall neither noise or odd smell in
                                         the Park or the Leased Unit to impact other users, nor harass other users, nor damage,
                                         contaminate, misuse or block the public place or facilities of the Park, nor use the
                                         Leased Unit for any purpose other than the lease purpose hereunder, nor conduct gambling,
                                         immoral, illegal or improper activities by the use of the Leased Unit.

 

		3.	The
                                         Lessee shall, according to the provisions of this Contract, timely and directly pay the
                                         property management service fee, governmental taxes, electricity charges, water charges,
                                         communication costs, gas charges (if any), etc to the Lessor or the property management
                                         company of the Park in full.

 

		4.	Without
                                         the prior written consent of the Lessor, the Lessee may not sublet or sublease the Leased
                                         Unit in any form. [However, the Lessee may lend the Leased Unit to other subsidiary or
                                         branch of the Lessee’s group, other representative office or affiliated enterprise
                                         (affiliated enterprises include controlling enterprise, shareholding enterprise, the
                                         enterprise with the same shareholder or legal person), provided that the Lessee shall
                                         produce corresponding certificate to the Lessor.]

 

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		5.	The
                                         Lessee shall properly use and maintain the facilities in the Leased Unit (including all
                                         roofs, walls, platform, electric light, door, window, equipment, fixing device, pipes,
                                         etc (if any, same as below) (except reasonable wear and tear and the damage attributable
                                         to any defect of such facilities), and shall keep them in good and tidy state. The Lessee
                                         shall assume relevant repair costs in respect of the damage arising from the improper
                                         use of the Lessee.

 

		6.	By
                                         a prior written notice to the Lessee, the Lessor, the property management company or
                                         their agent shall have the right to enter and examine the use and repair circumstances
                                         of the Leased Unit at reasonable time, provided that the daily operation of the Lessee
                                         shall not be prejudiced. The Lessee shall actively cooperate with the Lessor or the property
                                         management company in examining and repairing the Leased Unit. The Lessee shall compensate
                                         for the personal injury or property damage as suffered by the Lessor or a third party
                                         due to the delay of the Lessee in repairing the Leased Unit.

 

		7.	Within
                                         six months prior to the completion of performance of this Contract, by a two working
                                         days’ prior written notice to the Lessee, the Lessor or its agent shall have the
                                         right to check the Leased Unit with new lessee at reasonable time. However, the Lessor
                                         shall reduce the impact upon the normal work of the Lessee in the Leased Unit as much
                                         as possible while entering, examining or checking the Leased Unit.

 

		8.	The
                                         Lessee must fully comply with and perform the provisions of Customer Manual and
                                         Decoration Manual of the Park. Without the prior written consent of the Lessor
                                         and the property management company, the Lessee may not make any change to the internal
                                         or external structure and/or equipment and facilities of the Leased Unit (including but
                                         not limited to ornament, decoration, or demolishing or changing pipes or electric circuit,
                                         etc, same as below).

 

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		9.	The
                                         Lessee shall have the right to equally use the public area and facilities of the Park
                                         with other persons. Meanwhile, the Lessee shall keep the public area clean and keep the
                                         equipment and facilities in good condition. The Lessee shall assume the repair costs
                                         if it causes any damage to any equipment and facilities of the public area (excluding
                                         natural wear and force majeure).

 

		10.	The
                                         Lessee may not make any decoration or rebuilding works, unless its decoration and rebuilding
                                         scheme have been agreed by the Lessor in writing. If the Lessee needs to obtain the prior
                                         approval from the governmental department, the Lessee shall also handle corresponding
                                         examination and approval procedures. The Lessee may not change the main structure and/or
                                         load bearing of the Leased Unit.

 

		11.	Without
                                         the written consent of the Lessor and the property management company, the Lessor may
                                         not occupy or rebuild any area other than the Leased Unit.

 

		12.	The
                                         Lessee may not place weapons, ammunition, illegal things, flammables or any such things
                                         that exceed the load of the floor in the Leased Unit.

 

		13.	The
                                         Lessee shall be liable for any casualty or losses as suffered by the Lessee, licensor
                                         or visitor in the Leased Unit for any reason whatsoever.

 

		14.	If
                                         the lease term hereunder expires or the Contract is early terminated as specified herein,
                                         the Lessee shall, according to the provisions of Customer Manual, handle move-out
                                         procedures with the property management company and shall restore the Leased Unit to
                                         the available state according to the requirements of the property management company.

 

		15.	The
                                         Lessee may not hang its sign board on the façade of the Leased Unit; if necessary,
                                         the Lessee must obtain the written consent from the Lessor.

 

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Chapter
VI: The Lessor’s Responsibilities

 

Except
as specified by other provisions of this Contract, the Lessor shall assume the following responsibilities:

 

		1.	The
                                         Lessor represents and warrants that it owns the lease right and income right of the Leased
                                         Unit and has the power to sign this Contract and lease the Leased Unit to the Lessee
                                         according to the provisions of this Contract.

 

		2.	The
                                         Lessor shall actively handle the relevant examination and approval procedures (such as
                                         fire fighting acceptance, completion acceptance, etc) of the Leased Unit and obtain relevant
                                         certificates.

 

		3.	At
                                         the time of delivering the Leased Unit to the Lessee, the Lessor shall provide the list
                                         of all fixing devices and equipment of the Leased Unit. The Lessee shall timely check
                                         and sign such list as proof. (Besides, the Lessor will not assume the cleaning and any
                                         other services of the Leased Unit, but the property management company may provide compensated
                                         services.)

 

		4.	Provided
                                         that the Lessee fully complies with all provisions of this Contract, the Lessor shall
                                         guarantee that the Lessee will use the Leased Unit without obstruction, and that the
                                         Lessee will not be disturbed by the Lessor and/or its mortgagee or lawful principal.

 

		5.	The
                                         Lessor shall contact with the property management company of the Park, cause the property
                                         management company to provide management services, maintain and repair the roofs, main
                                         walls, elevators, public parts and facilities of the Park, and shall pay the non-recurring
                                         repair costs other than management expenses.

 

		6.	If,
                                         within the lease term, the Lessor transfer the Leased Unit or the “Park”
                                         where the Leased Unit is located to any third party in whole or in part, the Lessor undertakes
                                         that such third party will continue performing all rights and obligations of the Lessor
                                         hereunder in replace of the Lessor.

 

		7.	If
                                         the Lessor takes back the Leased Unit due to force majeure or the default of the Lessee,
                                         the Lessor shall refund double the deposit to the Lessee, and shall pay a penalty to
                                         the Lessee according to the renal corresponding to the rent-free period.

 

    9

     

    

 

Chapter
VII: Termination

 

		1.	In
                                         case of any of the following events, the Lessor may unilaterally terminate this Contract,
                                         and 1) the deposit as paid by the Lessee according to this Contract shall be taken as
                                         penalty and will not be refunded; 2) the Lessee shall make up the rental corresponding
                                         to the rent-free period as penalty; 3) the Lessee shall compensate for all economic losses
                                         as suffered by the Lessor:

 

		1.1	The
                                         Lessee fails to pay any rental, property management service fee, deposit or other expenses
                                         for more than 30 days of delay.

 

		1.2	The
                                         Lessee announces bankrupt, or is applied for bankruptcy by the creditor, or becomes insolvent;

 

		1.3	The
                                         Lessee conducts illegal operation;

 

		1.4	The
                                         Lessee changes the main structure of the Leased Unit without permission;

 

		1.5	The
                                         Lessee sublets, subleases or otherwise actually sublets or subleases the Leased Unit
                                         without the Lessor’s written consent;

 

		1.6	The
                                         Lessee damages the equipment or facilities of the Leased Unit or the Park without the
                                         Lessor’s permission, and fails to repair them within the reasonable time as notified
                                         by the Lessor in writing.

 

In
case of any of the aforesaid events, the Lessor has the right to immediately terminate this Contract by a notice. The Lessee must
immediately move out of the Leased Unit; otherwise, in addition to penalty and liability for compensation as specified in the
foregoing, the Lessee shall pay a penalty to the Lessor according to double the monthly rental per day of delay, from the date
when the Lessee shall move out but fails to move out of the Leased Unit to the date when the Lessee actually moves out of the
Leased Unit.

 

    10

     

    

 

		2.	If
                                         the Lessee cannot or feels difficult to use the Leased Unit due to force majeure, the
                                         Parties shall properly reduce or suspend the payment of rental through negotiation according
                                         to the reality. If the aforesaid event lasts for more than three months, either party
                                         may immediately terminate this Contract by a written notice to the other party.

 

		3.	The
                                         Lessor and the Lessee agree that if the Contract is early terminated according to the
                                         provisions as agreed by the Parties, such termination shall be legally binding upon the
                                         Parties.

 

Chapter
VIII: Liabilities for Breach

 

		1.	If
                                         the Lessee fails to fully pay the rental, property management fee and/or other use fee
                                         of the Leased Unit that are payable as scheduled herein (whether urged by the Lessor),
                                         the Lessee shall pay late fee to the Lessor at the rate of 0.2% per day of delay, from
                                         the date when the arrears becomes due and payable to the date when the Lessee has actually
                                         paid them.

 

		2.	If
                                         the Lessee throws the lease and move out of the Leased Unit without permission, the deposit
                                         paid by the Lessee to the Lessor will not be refunded, the Lessee must make up the rental
                                         corresponding to the rent-free period as penalty, and the Lessor reserves the right of
                                         recovery against the Lessee.

 

		3.	If
                                         the Lessee causes any loss or damage to the Leased Unit and its fixing devices and/or
                                         equipment (except reasonable wear and tear and the damage attributable to any defect
                                         of such facilities), the Lessee must make compensation to the Lessor.

 

    11

     

    

 

		4.	The
                                         Lessor shall not be liable for any losses arising from the failure or suspension of the
                                         elevator, public lighting, air conditioning, electric light, water supply of the Park
                                         attributable to the cause of a third party (excluding the third party as invited, entrusted
                                         or appointed by the Lessor), except that the Lessor has fault. The Lessor shall not be
                                         liable for any losses as suffered by the Lessee due to the name change of the Park.

 

		5.	In
                                         no event shall the Lessor be liable for any losses as suffered by the Lessee due to the
                                         act, negligence or fault of any other user of the Park, except that the Lessor has fault.

 

		6.	If
                                         any person investigates against the Lessor for responsibilities due to the fault of the
                                         Lessee, which brings any losses due to the Lessor, the Lessee must make corresponding
                                         compensation to the Lessor, including all expenditures, attorney’s fee, litigation
                                         costs, etc as paid by the Lessor.

 

		7.	The
                                         Lessor receiving rental of the Lessee shall not mean that the Lessor waive the right
                                         to investigates against the Lessee for the liability for non-performance.

 

		8.	The
                                         Lessee shall ensure that its users, employees, licensees or visitors who use the Leased
                                         Unit shall comply with all provisions of this Contract; any breach of this Contract by
                                         any such person shall be deemed as the breach of the Lessee.

 

		9.	If
                                         the Lessor delays in delivering the Leased Unit due to the Lessor’s cause, the
                                         rent-free period of the Lessee shall be increased by one day per day of delay, and so
                                         on, and the starting date of the lease term hereunder shall be postponed. If the Lessor
                                         delays in delivering the Leased Unit for more than three natural days, the Lessee has
                                         the right to choose to unilaterally dissolve this Contract at any time, and the Lessor
                                         and the property management company shall fully refund the deposit as paid by the Lessee
                                         (without interest) within 10 days after the dissolution of this Contract, and the Lessor
                                         shall additionally pay the penalty equal to three months’ (after the rent-free
                                         period) rental to the Lessee; however, the Lessor shall not assume any other liability
                                         for compensation to the Lessee.

 

    12

     

    

 

Chapter
IX: Miscellaneous

 

		1.	The
                                         interpretation, performance and dispute resolution of this Contract shall be governed
                                         by Chinese laws and the relevant regulations of Beijing Municipality.

 

		2.	Any
                                         dispute relating to this Contract or the performance hereof shall be settled by the Parties
                                         through friendly negotiation. In case negotiation fails, either party hereto has the
                                         right to lodge a suit to the competent people’s court of the place where the Park
                                         is located.

 

		3.	For
                                         the purpose of this Contract, “Leased Unit” shall include any part of the
                                         Leased Unit.

 

		4.	The
                                         schedules hereto shall form a part of this Contract.

 

		5.	This
                                         Contract constitutes an entire agreement between the Parties in respect of the Leased
                                         Unit, and supersedes all previous discussion, representations and agreements of the Parties.

 

		6.	This
                                         Contract may not be modified unless the Parties sign a written document.

 

		7.	This
                                         Contract is written in Chinese. The English translation (if any) of this Contract is
                                         only for reference and has no force.

 

		8.	This
                                         Contract shall become effective as soon as this Contract has been signed by the legal
                                         representatives or authorized representatives of the Parties and stamped with official
                                         seals (or special contract seals) and the Lessee has fully paid the deposit, initial
                                         rental and property management service fee to the Lessor and (or) the property management
                                         company within 3 working days after the signing of this Contract. This Contract
                                         is made in four originals of the same legal force, two for each party hereto.

 

    13

     

    

 

(No
Text Below)

 

Execution
Page

 

	Lessor: Beijing Zhongmei Star International Film & TV Cultural Media Co., Ltd.	 	 
	Seal:	 
	Authorized Representative: (Signature)	 
	Tel: 01085781050	 
	Special Contract Seal of Beijing Zhongmei Star International Film & TV Cultural Media Co., Ltd. (Seal)	 

 

	Lessee:	 	 
	Seal:	 
	Authorized Representative: (Signature)	 
	Tel:	 
	Date of Signing: May 29, 2018	 
	Special Contract Seal of China Liberal (Beijing) Education Technology Co., Ltd. (Seal)	 

 

    14

     

    

 

Schedule I (Copy of Business License
of the Lessee)

 

 

 

 

 

 

 

 

    15

     

    

 

Schedule II (Leased Unit and Location,
Plan and Delivery Standards)

 

Room 201, 202, 203, 204, 205, 207, 208,
209, Floor 2, Building 1, [Huateng Century HQ Park] namely [Chaoyang District Balizhuang Cultural Creative Industrial Park],
9# Courtyard, Chenjialin, Balizhuang Village, Gaobeidian Town, Chaoyang District, Beijing Municipality

 

Lease area of the Leased Unit (namely building
area) is 909 m2 (subject to being finally measured). Delivery standards: rough (without door and suspended
ceiling; cement mortar surface; waterproof puffy).

 

See Diagram of the Leased Unit (Shaded Area)

 

 

House Stratification Diagram

 

 

 

    16

     

    

 

Schedule III (Lease Term)

 

	Lease Term: 	the lease term of the Leased Unit is 48 months in total from June 1, 2018 to May 31, 2022 (including the
starting date and ending date).
	 	 
	Rent-free Period:	the rent-free period of the Leased Unit shall be 55 days from June 1 to July 25, 2018 (including
the starting date and ending date).

 

    17

     

    

 

Schedule IV (Rental, Property Management
Service Fee, Parking Fee)

 

Part 1 – Rental (paid by the Lessee
to the Lessor)

 

	Rental:	Part 1 – rental (paid by the Lessee to the Lessor)

 

From June 1, 2018 to May 31,
2020, the rental shall be RMB 5.14/day per square meters of building area, monthly rental shall be (RMB 142,114.58),
(calculation formula: lease area [909] m2 * RMB [5.14] /day per square meters of building area * 365 days/12
months = [RMB 142,114.58]/month)

 

From June 1, 2020 to May 31,
2022, the renal shall be increased by 8%, namely RMB 5.55/day per square meters of building area, monthly rental
shall be (RMB 153,483.74), (calculation formula: lease area [909] m2 * RMB [5.55] /day per square
meters of building area * 365 days/12 months = [RMB 153,483.74]/month)

 

The rental of the three
months after the rent-free period is RMB 426,343.74 in total, which shall be paid by the Lessee to the Lessor within 3
working days after the date of signing of this Contract. Except the initial rental as paid above, the Lessee shall, from the
20th to 25th day of each month of the lease term, prepay the renal of next month to the Lessor according
to the aforesaid standards.

 

Bank account for receiving rental:

Payee: Beijing Zhongmei Star International
Film & TV Cultural Media Co., Ltd.

Opening Bank: Industrial and Commercial
Bank of China Co., Ltd. Beijing Shilipu Sub-branch

Account No.: 0200212409000065097

 

    18

     

    

 

Part 2 – Property Management Service
Fee (paid by the Lessee to the property management company)

 

Property management service fee
shall be RMB 0.86/day per square meters of building area, monthly property management service fee shall be (RMB 23,777.93), (calculation
formula: lease area [909] m2 * RMB [0.86] /day per square meters of building area * 365 days/12 months = [RMB 23,777.93]/month)

  

If the property management service
fee will be adjusted after the third year, the adjustment range shall be based on the property management operating costs of the
property management company as appointed by the Lessor, namely Beijing Tonghexinda Assets Management Co., Ltd.

 

The property management service
fee of 55 days in the rent-free period shall be RMB 42,995.7 in total, which shall be prepaid by the Lessee to Beijing Zhongmei
Star International Film & TV Cultural Media Co., Ltd. within 3 working days after the date of signing of this Contract.

 

    19

     

    

 

The property management service
fee of the three months after the rent-free period is RMB 71,333.79 in total, which shall be paid by the Lessee to the property
management company within 3 working days after the date of signing of this Contract. Except the initial property management service
fee as paid above, the Lessee shall, from the 20th to 25th day of each period of the lease term, prepay the property management
fee of next month to the property management company according to the aforesaid standards.

 

Bank account for receiving property
management fee:

 

Payee: Beijing Zhongmei Star International
Film & TV Cultural Media Co., Ltd.

 

Opening Bank: Industrial and Commercial
Bank of China Co., Ltd. Beijing Shilipu Sub-branch

 

Account No.: 0200212409000065097

 

Within the lease term, the payment
cycle of the property management service fee: the Lessee shall pay property management fee to Beijing Zhongmei Star International
Film & TV Cultural Media Co., Ltd. once every three months.

 

Part 3 – Parking Fee

 

	Parking Fee 	Within the lease term, the Lessor provides 0 parking lot to the Lessee free of charge.

 

Parking lot rental: RMB / /month/vehicle
(paid by the Lessee to the Lessor)

 

Parking lot management fee: RMB
/ /month/vehicle (paid by the Lessee to the Lessor)

 

Within the lease term, the Lessor
provides / aboveground parking lot to the Lessee.

 

Parking lot rental: RMB / /month/vehicle
(paid by the Lessee to the Lessor)

 

Parking lot management fee: RMB
/ /month/vehicle (paid by the Lessee to the Lessor)

 

The Lessee shall actively handle
parking lot procedures with the property management company at the time of delivery.

 

    20

     

    

 

Schedule V (Deposit)

 

Unless otherwise stated by this Contract,
the deposit shall be equal to the sum of the following amounts:

 

		1.	Rental deposit (paid by the Lessee to the Lessor):

From June 1, 2018 to May
31, 2022, the deposit shall be three months’ rental, namely RMB 426,343.74. The rental deposit RMB / as
previously paid by the Lessee shall be automatically transferred to a part of rental deposit, and the Lessee shall make up the
insufficiency.

 

		2.	Property management service fee deposit (paid by the Lessee to the Lessor):

From June 1, 2018 to May
31, 2022, the deposit shall be three months’ property management fee, namely RMB 71,333.79. The property management
fee deposit RMB / as previously paid by the Lessee shall be automatically transferred to a part of property management fee
deposit, and the Lessee shall make up the insufficiency.

 

Bank account for receiving
deposit:

 

Payee: Beijing Zhongmei Star
International Film & TV Cultural Media Co., Ltd.

 

Opening Bank: Industrial and
Commercial Bank of China Co., Ltd. Beijing Shilipu Sub-branch

 

Account No.: 0200212409000065097

 

    21

     

    

 

Schedule VI (Renewal)

 

If the Lessee desires to continue renting
the Leased Unit after the expiration of this Contract, the Lessee shall notify the Lessor in writing six months prior to the expiration
of the lease term.

 

 

 

[The following part is deliberately blank]

 

 

22

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