Document:

Exhibit
10.2

 

Exclusive Management Consulting and Service
Agreement

 

The Exclusive Management
Consulting and Service Agreement (hereinafter referred to as “the Agreement”) is entered into by and
among the following parties at Qianhai Shenzhen-Hong Kong Cooperation Zone, Shenzhen on August 18, 2020:

 

Party A: YiQiLai (Shenzhen) Consulting
Management Co., Ltd.

 

Domicile: 

 

 

 

Party B: Shenzhen Zhong Wei Technology
Co., Ltd.

 

Domicile: 

 

 

 

Party C: Ding Xiang (Shenzhen) Investment
Co., Ltd.

 

Domicile: 

 

 

 

Whereas:

1. Party A is a wholly
foreign owned enterprise (hereinafter referred to as “WFOE”) incorporated in the People’s Republic of China (hereinafter
referred to as “China”) and holds management consulting and service resources;

 

2. Party B is a limited
liability company registered in China with the scope of business “normal scope of business is: Design, technical development
and sales of computer software and hardware; database and computer network service; technical development and sales of game software
and game products; advertisement business (The businesses requiring approval of advertisement business in compliance with laws,
regulations and provisions of the State Council shall not be carried out until the approval is acquired); domestic trade (excluding
franchised, exclusively-controlled and monopolized commodities); sales of jewelry, electronic products, software, handicraft, digital
products and accessory, office supplies, daily necessities, toy, stationery and sporting goods, home textile and furnishings, cosmetics
and daily chemicals, and clothes and underwear; design of online animation and television animation; technical development of music
software; telecom service (excluding these of the aforementioned businesses banned by the laws, administrative regulations and
the State Council. The restricted businesses shall be undertaken after the approval is acquired). The businesses requiring permit
are: Telecom value added service; sales of publications, books, newspapers and periodicals, electronic publication, and audio visual
products”. All the business activities operated and developed by Party B currently and at any time during the term of the
Agreement shall be collectively deemed as “core business”.

 

    	 	1	 

     

    

 

3. Party C is a legal
shareholder of Party B, and holds 100% of Party B’s shares as of the signing date hereof.

 

4. To assist Party B
in successfully undertaking the core businesses within its scope of business and legally undertaking other related businesses,
Party A hereby agrees to offer exclusive consulting and other services related to management to Party B, and Party B agrees to
accept the exclusive management consulting and services offered by Party A.

 

Now, therefore, the
Parties hereby enter into the following agreement with the consensus reached through negotiations:

 

1 Management Consulting and Service;
Monopolistic and Exclusive Rights and Interests

 

		1.1	During the Term of the Agreement, Party A hereby agrees
to offer relevant management consulting and services to Party B in accordance with the terms hereof as the exclusive management
consulting and service provider of Party B. Party A shall determine the specific scope of management consulting and service and
be entitled to adjust according to its needs, and core business and actual operation condition of Party B, including but not limited
to scope of services stated in Attachment 1.

 

		1.2	Party B hereby agrees to accept the management consulting
and services offered by Party A. During the term of the Agreement, Party B shall assist as required by Party A so that Party A
can offer efficient management consulting and services.

 

		1.3	Party B hereby further agrees that without prior consent
of Party A in writing, Party B shall not accept and supervise to prevent its controlled subsidiary from accepting the consulting
and services from any third party (directly or indirectly) similar to those offered by Party A herein during the Term of the Agreement.

 

		1.4	Party B hereby further agrees that if Party B, any
of its affiliates or its associated companies intends to reach any cooperation, joint venture or partnership arrangement with
other parties than Party A, whether such arrangement is substantially similar to the Agreement or not, Party A shall have the
priority for such opportunity according to the terms and conditions similar to those hereof.

 

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		1.5	To specify the rights and obligations of Party A and
Party B, and practically perform the aforementioned provision of service, the Parties hereby agree on the followings to the extent
permitted by Chinese laws:

 

		1.5.1.	Party B must operate according to the opinions or
advice of the services offered by Party A in accordance with Article 1.1 hereof;

 

		1.5.2.	Except the directors and supervisors remaining in
office as approved by Party A, Party B shall respectively appoint the candidates recommended by Party A as the directors of Party
B in the procedure prescribed by Chinese laws, and appoint the senior management employed and recommended by Party A as General
Manager, Chief Financial Officer and other senior management of Party B in accordance with the Chinese laws to supervise the business
and operation of Party B; unless retirement, resignation, incapability or death occurs, without the prior consent of Party A in
writing, Party B shall not dismiss the directors recommended by Party A for any reason.

 

		1.5.3.	Party B hereby agrees to procure the directors and
senior management of Party B to exercise their powers and duties granted in accordance with the laws, regulations and the Articles
of Association on the instructions of Party A.

 

		1.5.4.	Party A shall be entitled to undertake the businesses
related to the services in the name of Party B, and Party B shall provide all the necessary power of attorney so that Party A
can successfully undertake such businesses and offer relevant services.

 

		1.5.5.	Pursuant to the provisions of Chinese laws, Party
A shall be entitled to check the accounts of Party B at regular intervals and at any time, and Party B shall keep the accounts
in a timely and accurate manner and provide the accounts for Party A at the request of Party A. During the term of the Agreement,
Party B hereby agrees to coordinate with Party A and its shareholders (including direct or indirect shareholders) in the audit,
provide relevant information and materials of Party B’s operation, business, clients, finance and employees for Party A,
its shareholders (including direct or indirect shareholders), and/or its entrusted auditors and agrees that Party A’s shareholders
can disclose such information and materials so as to meet the requirements of securities regulation.

 

2 Calculation and Payment of Management
Consulting and Service Fee (hereinafter referred to as “service fee”)

 

		2.1	The Parties hereby agree that the service fee hereof shall be recognized and paid in the mode stated
in Attachment 2 in the principles of fairness and reasonableness from the date when Party A and Party B agrees on the service in
writing (hereinafter referred to as “commencement date”);

 

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		2.2	If Party B fails to pay the service fee and other fees in accordance with the provisions hereof,
it shall further pay Party A the liquidated damages in the amount of 0.05% of the overdue amount per day of delay;

 

		2.3	Unless the Parties otherwise reach the consensus through negotiations, the service fee paid by
Party B to Party A according to the Agreement shall not be deducted or offset in any form (i.e. Bank service fee, etc.);

 

		2.4	Moreover, Party B shall further pay Party A the actual expenses incurred from the provision of
the consulting and service hereof besides paying the service fee, including but not limited to various travel expense, transportation
fee, printing cost and postage, etc.

 

3 Representations, Warranties and Undertakings

 

		3.1	Party A hereby makes the following representations, warranties and undertakings:

 

		3.1.1.	Party A is a wholly foreign owned enterprise legally registered and effectively existing in accordance
with Chinese laws, and holds the qualification of independent legal person, complete and independent legal status and legal capacity.

 

		3.1.2.	Party A shall sign and perform the Agreement within the scope of its company rights and scope of
business; it has taken necessary corporate behavior and granted proper authorization, and acquired all the necessary consent and
approvals from third party and governmental departments so as to sign the Agreement, and its signing of the Agreement shall not
violate the laws and contracts with binding force or influence on it.

 

		3.1.3.	The Agreement shall constitute the obligations that are legal, effective, with binding force and
enforceable for Party A in accordance with the articles hereof upon the signing.

 

		3.2	Party B hereby makes the following representations, warranties and undertakings:

 

General
Matters

 

		3.2.1.	Party B is a company legally registered and effectively existing in accordance with Chinese laws,
and holds the qualification of independent legal person, complete and independent legal status and legal capacity.

 

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		3.2.2.	Party B shall sign and perform the Agreement within the scope of its company rights and scope of
business; it has taken necessary corporate behavior and granted proper authorization, and acquired all the necessary consent and
approvals from third party and governmental departments so as to sign the Agreement, and its signing of the Agreement shall not
violate the laws and contracts with binding force or influence on it.

 

		3.2.3.	As of the effective date of the Agreement, there is no litigation, arbitration, or other legal
and administrative proceedings, etc. or governmental investigation related to the matters stipulated herein, or that may have adverse
effect on the signing of the Agreement by Party B or the performance of the obligations hereof; or there is no such pending or
threatened litigation, arbitration, or other legal and administrative proceedings, etc. or governmental investigation.

 

		3.2.4.	As of the effective date of the Agreement, no situations that may violate relevant laws or hinder
the performance of the obligations hereof by Party B exist.

 

		3.2.5.	The Agreement shall constitute the obligations that are legal, effective, with binding force and
enforceable for Party B in accordance with the articles hereof upon the signing.

 

Matters
of Relevant Certificates, Licenses and Qualifications

 

		3.2.6.	Acquire all the certificates, licenses and permits for core businesses and relevant businesses,
continually maintain the legality and validity of such certificates, licenses and permits, make timely follow-up, and deal with
relevant application, change and renewal formality.

 

		3.2.7.	Not engage in any activities beyond the permitted scope of such certificates, licenses and permits.

 

		3.2.8.	Strictly comply with the requirements and codes related to core business prescribed by Chinese
laws.

 

Matters
of Business Development

 

		i.	Party B shall develop, enlarge and expand the market in the direction agreed in the mutual deliberation
after deliberating and reaching consensus with Party A.

 

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		3.3	Party B and Party C (hereinafter collectively referred to as “commitment parties”)
hereby make the following representations, warranties and undertakings:

 

To ensure that Party B performs
the obligations and duties hereof, the commitment parties jointly unconditionally and irrevocably undertake that without the written
consent of Party A, Party B shall not (Party C, as shareholder of Party B, shall not or urge or instruct Party B to) enter into
any major transaction (referring to the transaction with single transaction amount exceeding RMB 1,000,000 or the transactions
with relatively small single transaction amount but accumulative amount exceeding RMB 1,000,000) or conduct any act that influences
or has adverse effect on the assets, liabilities, rights or operation of Party B, including but not limited to the followings:

 

Major
Corporate Matters

 

		3.3.1	Not operate the businesses beyond the scope of core business;

 

		3.3.2	Not borrow from any third party or provide loan for any third party, or bear any liabilities;

 

		3.3.3	Not replace or dismiss any directors or senior management;

 

		3.3.4	Not to purchase or sell the assets or rights worth more than RMB 500,000 from or to any
third party;

 

		3.3.5	Not provide any guarantee or warranty for any third party, or provide mortgage or pledge for any
third party with its assets or rights;

 

		3.3.6	Not change its Articles of Association or scope of business;

 

		3.3.7	Not change the standard operation process or any major internal codes;

 

		3.3.8	Not transfer its rights and obligations hereof to any third party;

 

Major
Personnel Matters

 

		3.3.9	Employ or dismiss any employee on the instructions of Party A;

 

		3.3.10	Designate the directors on the instructions of Party A, internal guidelines and Articles of Association
of Party B, and require such directors to elect the Board Chairman on the instructions of Party A;

 

		3.3.11	Appoint General Manager, Chief Financial Officer and any other senior management on the instructions
of Party A;

 

		3.3.12	If any personnel resigns or is dismissed, whether making mistakes or not, the commitment parties
shall hire corresponding employee to fill the vacancy on the instructions of Party A;

 

		3.3.13	Agree to issue the power of attorney to Party A or its designated representative on the instructions
of Party A so as to authorize Party A or its designated representative to be the principal of Party C at the shareholders’
meeting of Party B. The commitment parties hereby agree to immediately issue the power of attorney to Party A or its designated
representative on the instructions of Party A at any time under any situation;

 

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Other
Matters

 

		3.3.14	Party A and Party B hereby agree that Party A may, if necessary, require Party B to sign intellectual
property license agreement, trademark permit agreement, domain permit agreement, equipment asset leasing agreement and the agreements
related to Party B’s core business with Party A or its designated representative during the term of the Agreement, and Party
B hereby undertakes to immediately sign, specifically explain and supplement relevant contents and articles on the instructions
of Party A, etc.; and

 

		3.3.15	Party A and Party B hereby agree that Party A may, if necessary (or for any reason, including but
not limited to tax, accounting or other reasons), require Party B to supplement and revise any article hereof on the instructions
of Party A during the term of the Agreement, and Party B hereby undertakes to immediately adjust, revise, and sign on the instructions
of Party A.

 

4 Safekeeping

 

		4.1	Party A hereby agrees that all the materials or objects generated in the operational management
process of Party B shall be managed and kept by Party A from the date when it offers relevant management consulting and service
to Party B according to the conditions hereof, including but not limited to the following materials or objects. Party A hereby
undertakes to properly manage and keep such materials and objects after receiving the aforementioned company materials and objects.

 

		a.	All the business certificates and licenses (i.e. Business
License and permits, etc.);

		b.	All the seals (i.e. Official seal, finance seal, business
seal, and invoice seal, etc.);

		c.	All the bank accounts and supporting materials (i.e.
Account opening license, bank card, bank passbook, electronic key, password and other account opening materials, etc.);

 

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		d.	All the business records, documents and materials generated
in the operational management process (i.e. Contracts, agreements, and business documents, etc.);

		e.	All the financial account books and materials generated
in the operational management process (i.e. Accounting vouchers and account books, etc.);

		f.	All the other records, documents and materials generated
in the operational management process (i.e. Shareholders’ resolution, board resolution, rules and regulations, internal
command, personnel records, and employment agreement, etc.);

		g.	Various assets and their documents of title generated
in the operational management process (i.e. Movable assets, immovable assets, document of title or instrument, etc.);

		h.	Other materials or objects generated in the operational
management process with significant influence or function.

 

5 Confidentiality

 

		5.1.	Party B hereby agrees that the secret materials and information learnt or accessed due to accepting
the exclusive consulting and service shall constitute confidential information (hereinafter referred to as “confidential
information”). Party B shall endeavor to take various reasonable measures to keep them confidential; without the
prior consent of Party A in writing, Party B shall not disclose, grant or transfer such confidential information to any third party,
including the merger with third party, being acquired, and being directly or indirectly controlled by third party. Once the Agreement
is terminated, Party B shall return any documents, materials or software containing confidential information to Party A as required
by Party A or destroy them on its own, and delete any confidential information from any memory device, and shall not continue using
such confidential information.

 

		5.2.	Party B shall take necessary measures to solely disclose confidential information to the employees,
agents or professional advisors of Party B who need to learn such information, and urge such employees, agents or professional
advisors of Party B to fulfill the obligation of confidentiality hereof. Party B, its employees, agents or professional advisors
shall sign specific confidentiality agreement so that the parties concerned shall fulfill the obligation of confidentiality prescribed
in this article.

 

		5.3.	The Parties hereby agree that this article shall be permanently effective whether the Agreement
is revised, cancelled or terminated.

 

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6 Applicable Taxes

 

With regard
to the payment to Party A in accordance with the Agreement, Party B shall assist Party A in obtaining corresponding tax reduction
and exemption in accordance with the provisions of Chinese laws and regulations. If there is no tax reduction and exemption policy
or preferential policy, Chinese tax administration shall charge Party A the taxes related to the performance of the Agreement in
accordance with Chinese tax laws. Party B shall compensate Party A for such taxes in full amount after Party A pays the taxes according
to law.

 

7 Subcontracting/Entrustment

 

		7.1.	Party A shall be entitled to designate any third party to offer the management consulting and service
hereof in the terms and conditions prescribed herein, or entrust such third party to perform Party A’s obligations hereof.
Party B hereby generally agrees on the aforementioned arrangement and shall sign relevant agreement with such third party as required
by Party A.

 

		7.2.	Party A shall be entitled to transfer its rights and obligations hereof to any third party, and
the transferee shall enjoy the rights and undertake the obligations attributed to Party A herein as it shall enjoy the rights and
undertake the obligations as a party of the Agreement. Party A shall notify Party B in writing within reasonable period before
such transfer, and shall sign relevant written document for such transfer at the request of Party A.

 

8 Intellectual Property

 

		8.1.	Party A shall hold all the intellectual property of the materials provided for Party B due to the
performance of the management consulting and service prescribed herein;

 

		8.2.	As for all the intellectual property generated from the performance of the management consulting
and service prescribed herein (including but not limited to all the existing and future copyright, patent, trademark, service logo
and all the related goodwill, registration design, design patent, technical secrets, trade secrets, domain name, brand name, trade
name and any other similar rights), whether they are independently developed by Party A or developed by Party A based on intellectual
property of Party B, or developed by Party B based on intellectual property of Party A, Party A shall hold monopolistic and exclusive
rights and interests, and Party B shall not claim any right from Party A, raise any objection to the ownership of such intellectual
property, or apply for the registration or adopt other means to obtain any of such intellectual property. Moreover, Party B shall
sign all the documents that enable Party A to become the right holder of such intellectual property, and take all the actions to
assist Party A to become the right holder of such intellectual property and protect such intellectual property.

 

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Nonetheless, if they are developed
by Party A based on intellectual property of Party B or its affiliated organizations, Party B and its related affiliated organizations
shall warrant that such intellectual property is free of any defect. Otherwise, if it thus leads to the losses of Party A, Party
B and its affiliated organizations shall compensate for such losses. If Party A thus undertakes the responsibility of compensation
for any third party, Party A shall be entitled to claim the compensation for all the losses from Party B or its related affiliated
organizations after paying such compensation.

 

		8.3.	Party A hereby authorizes Party B to use the intellectual property prescribed in Article 8.1 and
Article 8.2 herein in a non-exclusive manner.

 

		8.4.	Without the prior consent of Party A in writing, Party B shall not transfer or sub-license the
intellectual property granted by Party A in accordance with Article 8.3 to any third party.

 

9 Breach of Contract and Compensation

 

		9.1.	Any party’s breach of any obligation, representations, warranties and undertakings hereof
shall constitute breach of contract. Under such situation, the observant party shall be entitled to issue written notice to the
defaulting party, and request the defaulting party to rectify within 10 days after receiving such written notice.

 

		9.2.	In addition to the breach of contract penalty paid in accordance with Article 2.2 hereof, the defaulting
party shall compensate the observant party for all the losses arising from its act of breach, including but not limited to carious
requests, expenses, fees, service fee, interests, and fines, etc.

 

		9.3.	Party B shall compensate for Party A’s losses, damages and costs for any litigation, claim
or other requests arising from management consulting and service offered by Party A at the request of Party B, and protect Party
A from any damages,

 

10 Effectiveness and Term

 

		10.1.	The Agreement shall be signed and come into effect on the date first above written and remain effective
until the operation termination of Party B. The Parties may terminate the term of the Agreement in advance in accordance with the
Agreement or other signed agreements.

 

		10.2.	After signing the Agreement, Party A shall be entitled to review the contents of the Agreement
every three months so as to determine whether to accordingly revise or supplement the Agreement according to the situation at that
time.

 

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		10.3.	Party A shall hold the right of unilateral extension of the Agreement; the Agreement shall be extended
with the written confirmation of Party A before the expiry; the Agreement may be extended once or more than once. Party A shall
unilaterally determine the specific extension period and times of extension, and Party B shall unconditionally accept.

 

11 Termination

 

		11.1.	Termination on expiry date: Unless extended in accordance with relevant articles hereof, the
Agreement shall terminate on the date of expiry.

 

		11.2.	Forward termination: Within the term of the Agreement, unless Party A undertakes fraud acts,
Party B shall not terminate the Agreement in advance. Notwithstanding the foregoing, Party A shall be entitled to terminate the
Agreement with a 30-day written notice in advance to Party B at any time.

 

		11.3.	Articles after termination: After the termination of the Agreement, the rights and obligations
of the Parties prescribed in Article 4, 7, 8 and 11 shall remain effective.

 

12 Dispute Resolution

 

The Parties
shall firstly resolve any dispute arising from the interpretation and performance of the Agreement through amicable negotiations.
If the Parties fail to enter into the agreement of dispute resolution within 30 days after one party sends the written notice requesting
resolution through negotiation to the other party, any party shall be entitled to submit relevant dispute to South China International
Economic and Trade Arbitration Commission for arbitration in accordance with the arbitration rules effective then. The arbitration
place is Shenzhen and the arbitration language is Chinese. The arbitration award shall be final and have binding force on the parties.

 

Except for
the disputed matter for the Parties, the Parties shall continually perform their respective obligations in good faith.

 

13 Force Majeure

 

		13.1.	“Force majeure event” refers to any event beyond the scope of reasonable
control of one party and unavoidable though the affected party takes reasonable care, including but not limited to governmental
act, natural force, fire, explosion, windstorm, flood, earthquake, tide, lightning, or war. Nonetheless, credit, capital or financing
deficiency shall not be deemed beyond the scope of reasonable control of one party. The party affected by “force majeure
event” that seeks the exemption of the duties hereof shall notify the other party of such exemption of responsibility and
the steps for its complete performance as soon as possible.

 

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		13.2.	If the agreement performance is delayed or hindered due to the “force majeure event”
prescribed in the aforementioned definition, the party affected by force majeure shall not undertake any responsibilities hereof
within the scope of delay or hindrance. The party affected by force majeure shall take appropriate measures to relief or eliminate
the influence of “force majeure event” and endeavor to recover the performance of the obligations delayed or hindered
by “force majeure event”. Once the force majeure event is eliminated, the Parties shall agree to try their best to
recover the performance hereof.

 

14 Notice

 

The notice
or other correspondence sent by any party hereof shall be made in Chinese, and delivered by specialized person, by post or via
fax to the following address of other parties or other addresses given by other party in the notice to other agreement parties
in the means of notice prescribed herein. The actual service date of the notice shall be determined in the following mode: (a)
For the notice delivered by specialized person, it shall be deemed as delivered on the date of delivery by specialized person;
(b) for the notice in the form of letter, it shall be deemed as delivered on the tenth day after the post date of registered airmail
with postage paid (indicated by postmark, or on the fourth day after delivered to special delivery service institution internationally
recognized; and (c) for the notice sent via fax, it shall be deemed as delivered at the receiving time indicated on transmission
confirmation of relevant document.

 

Party
A: YiQiLai (Shenzhen) Consulting Management Co., Ltd.

 

		Address:	

 

Addressee:

 

Tel.:

 

Fax: _________________________________________________________

 

 

Party
B: Shenzhen Zhong Wei Technology Co., Ltd.

 

		Address:	

 

Addressee:

 

Tel.:

 

Fax: _________________________________________________________

 

 

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Party
C: Ding Xiang (Shenzhen) Investment Co., Ltd. 

 

		Address:	

 

Addressee:

 

Tel.:

 

Fax: _________________________________________________________

 

 

15 Independent Contracting Party

 

The Parties
hereby explicitly acknowledge and agree that Party A offers all the services hereof as the independent contracting party, and it
shall not be deemed that it enters into any partnership, joint venture or other relationship with identical or similar nature with
Party B.

 

16 Agreement Transfer

 

Without the
prior consent of Party A in writing, Party B shall not transfer its rights and obligations hereof to any third party;

 

Nonetheless,
Party A shall be entitled to transfer its rights and obligations hereof to any third party, which shall come into immediate effect
after sending written notice to Party B.

 

17 Severability

 

If any article
hereof becomes ineffective or unenforceable due to the inconsistency with relevant laws, such article shall solely become ineffective
or unenforceable within the jurisdiction scope of relevant laws and shall not affect the legal force of other articles hereof.
Meanwhile, the Parties shall behave with integrity, and the deviation of the revision of such article shall solely be made so as
to achieve legality of the Agreement or relevant articles and shall not conflict with the interests to be obtained by the Parties
that are estimated at the time of agreement signing.

 

18 Revision and Supplement

 

		18.1.	The Parties hereby agree that Party A may, if necessary, require Party B and Party C to sign or
further sign any other agreements or supplementary agreement with Party A or its designated representative during the term of the
Agreement. Party B and Party C hereby undertake to immediately sign such agreement and follow the instructions of Party A, and
specifically explain and supplement relevant contents, terms and articles on the instructions of Party A.

 

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		18.2.	The Parties hereby agree that Party A may, if necessary (or for any reason, including but not limited
to tax, accounting or other reasons), require Party B and Party C to supplement and revise any term and article hereof on the instructions
of Party A during the term of the Agreement, and Party B hereby undertakes to immediately sign and follow the instructions of Party
A.

 

19 Governing Laws

 

The Agreement
shall be governed by and interpreted according to Chinese laws.

 

20 Miscellaneous

 

The Attachments
hereto shall enjoy equal legal force with the Agreement. The Agreement is made in Chinese and in quadruplicate, with Party A holding
two, Party B and Party C respectively holding one.

 

Attachment
1 Management Consulting and Service Schedule

 

Attachment
2 Calculation and Payment Method of Service Fee

 

 

(The remainder of this page is intentionally
left blank. The signing page is attached)

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(This page is left blank and serves as
the signing page of Exclusive Management Consulting and Service Agreement. The Parties have instructed their respective
authorized representatives to sign Exclusive Management Consulting and Service Agreement on the date first above written.)

 

Party A: YiQiLai (Shenzhen) Consulting
Management Co., Ltd.

 

 

 

Signature: /s/ Congying Fang

 

 

 

Party B: Shenzhen Zhong Wei Technology
Co., Ltd.

 

 

 

Signature: /s/ Weide Li 

 

 

Party C: Ding Xiang (Shenzhen) Investment
Co., Ltd.

 

 

 

Signature: /s/ Xinhong Cai

 

 

 

August 20, 2020

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Attachment 1: Management Consulting
and Service Schedule

 

Party A shall offer
the management consulting and services related to core business to Party B, including but not limited to the followings;

 

General Matters

 

		I.	Technical consulting and services, business consulting, business administration and consulting, assets and equipment leasing,
marketing consulting, and system management and maintenance, etc.;

 

Technical Consulting Matters

 

		II.	Provide and maintain service platform, and protect the security\safety;

 

		III.	Provide and maintain computer system and equipment;

 

		IV.	Conceive, create, design, update and maintain service platform and website;

 

		V.	Develop and test new products;

 

		VI.	Improve relevant technology according to Party B’s business demand;

 

		VII.	Give consulting services and professional trainings necessary for Party B’s operation and business;

 

Sales and Consulting Matters

 

		VIII.	Formulate sales plan and undertake the appraisal of new products;

 

		IX.	Research and analyze the market;

 

		X.	Formulate market and sales strategy;

 

		XI.	Deal with public relations or media service;

 

Other Matters

 

		XII.	Give appropriate trainings, consulting and assistance related to its operation and business to Party B’s employees;

 

		XIII.	Provide labor assistance at the request of Party B, including but not limited to lending or dispatching of relevant personnel
(provided that Party B bears relevant labor costs);

 

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		XIV.	According to the operation management needs of Party B at the time, Party A shall offer other management consulting and services
added with the approval of the Parties from time to time;

 

		XV.	Offer other services related to Party B’s operation; and other services added with the approval of the Parties.

 

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Attachment 2: Calculation and Payment
Method of Service Fee

 

		I.	Calculation of service fee. Party A shall offer management consulting and services in accordance with the terms
and provisions of the Agreement, and Party A and Party B hereby unanimously agree that 100% of the profit (defined as below) (incurred
from the commencement date) shall be paid to Party A as service fee. Nonetheless, in consideration of actual operation condition
of Party B, Party A may unilaterally adjust this percentage once or more than once at any time. The commencement date of such adjustment
may be dated back to the date of signing of the Agreement (“service fee”).

 

“Profit” is hereby
defined as below:

 

The earnings after taxes of Party
B. nonetheless, if such earnings after taxes is a negative number (namely loss), Party A shall be entitled to select other accounting
item to define the profit (including but not limited to the following accounting items). Party A reserves the final and absolute
right of interpretation and change of the definition of profit (including but not limited to adjustment of any accounting items,
such as addition or removal of non-cash accounting items), but all the accounting items shall be calculated in the accounting principle
of International Financial Reporting Standards (IFRS).

 

		n	EBT – Earnings before Tax;

 

		n	EBIT – Earnings before Interest
and Tax, or Operating Income;

 

		n	EBITDA – Earnings
before Interest, Tax, Depreciation and Amortization

 

		II.	Arrangement of service fee. Party B shall pay Party A the service fee quarterly (“quarterly service
fee”). Nonetheless, Party A may unilaterally require Party B to handle all or part of the quarterly service fee in the
following manner: Suspend the payment of quarterly service fee, recognize such service fee as accounts payable of Party B to Party
A, and set interest rate or calculate interests on the instructions of Party A.

 

		III.	Payment method of service fee. Party B shall provide the corresponding quarterly service fee, financial statements
and business performance data for Party B within 30 days after every quarter ends (the format, contents and accounting items must
meet the requirements of Party A), and pay Party A the corresponding quarterly service fee and other amounts approved by Party
A. Party B shall remit the payment amount to the designated account of Party A according to the written notice of Party A. Party
A and Party B may further confirm the payment deadline in writing. After receiving the remittance from Party B, Party A shall issue
the invoice to Party B according to the requirements of laws.

 

		IV.	Annual report. Party B shall provide its corresponding annual financial audit report for Party A within 90 days
after every accounting year ends. The audit must be undertaken and such audit report must be issued by the accounting firm recognized
by Party A in accordance with International Financial Reporting Standards (IFRS). If Party A holds that the total quarterly service
fee paid by Party B to Party A for the corresponding accounting year is less than corresponding total amount in audit report, Party
B shall immediately make up such difference to Party A.

 

    	 	1	 

     

    

 

		V.	Annual check of service fee. Party A shall be entitled to dispatch personnel (Party A’s employees or accounting
firm entrusted by Party A) (“Party A’s representative”) to Party B so as to review the financial status
of Party B and the calculation method and amount of service fee. Therefore, Party B shall provide all the relevant documents, statements,
records or data for Party A’s representative so as to confirm and approve the amount of service fee. Unless Party A’s
representative makes major mistake in calculation, Party A shall reserve the final right of confirmation for the service fee amount,
and Party B shall pay Party A the service fee according to the calculation result from Party A’s representative.

 

		VI.	Market change.  Party A shall be entitled to adjust the calculation formula of service fee according to market changes
at any time. Party A shall immediately notify Party B after making the adjustment, and Party B shall pay the service fee calculated
in the adjusted calculation formula of service fee from the next month after receiving the notice or from the next service item.

 

 

 

 

 

 

 

    	 	2Exhibit
10.3

 

Exclusive Option Agreement

 

The Exclusive Option
Agreement (hereinafter referred to as “the Agreement”) is entered into by and among the following parties
at Qianhai Shenzhen-Hong Kong Cooperation Zone, Shenzhen on August 18, 2020:

 

 

Party A: YiQiLai
(Shenzhen) Consulting Management Co., Ltd., is a wholly foreign owned enterprise established and effectively existing in accordance
with the laws of the People’s Republic of China (hereinafter referred to as “China”, excluding Hong Kong, Macao
and Taiwan for the purpose of the Agreement), domicile: ;

 

 

Party B: Ding
Xiang (Shenzhen) Investment Co., Ltd., is a limited liability company established and effectively existing in accordance
with Chinese laws, domicile: ;

 

 

Party C: Shenzhen
Zhong Wei Technology Co., Ltd., is a limited liability company established and effectively existing in accordance with Chinese
laws, domicile: .

 

 

In the Agreement, Party
A, Party B, and Party C shall be severally referred to as “any party” and collectively referred to as “the Parties”.

 

 

Whereas:

 

1. Party B holds 100%
of the shares of Party C;

 

2. Party A, Party B,
and Party C signed Exclusive Management Consulting and Service Agreement (hereinafter referred to as “Service Agreement”)
on August 18, 2020;

 

3. Party A, Party B,
and Party C signed Equity Pledge Agreement (hereinafter referred to as “Equity Pledge Agreement”) on August
18, 2020.

 

Now, therefore, the
Parties hereby enter into the following agreement with the consensus reached through negotiations:

 

    	 	 	 

     

    

 

		1	Equity Purchase Option

 

1.1 Equity
purchase option

 

Pursuant to
Chinese laws and regulations, Party B hereby irrevocably grants the exclusive equity option to Party A to enable Party A or one
or more of its assignees (“assignees”) to purchase the exclusive right of all or part of the shares that Party B holds
in Party C from Party B at the price prescribed in Article 1.3 hereof at any time (“equity purchase option”). Except
Party A and its assignees, Party B shall not grant such option to other third person. Party C hereby agrees that Party B grants
the equity purchase option to Party A, and such authorization shall be irrevocable during the validity period of the Agreement.

 

Party B and
Party C hereby further agree, 1) Party A may unilaterally transfer the equity purchase option completely or partially to any third
person; therefore, such third person shall inherit all or part of Party A’s rights and obligations hereof, and thus become
a party of the Agreement exercising the equity purchase option in accordance with relevant provisions hereof; 2) when Party A actually
exercises the equity purchase option, it may designate any third person compliant with laws as the shareholder of Party C.

 

“Person”
prescribed in this article and the Agreement refers to individual, company, joint venture, partnership, trust or non-corporate
enterprise, etc.

 

		1.2	Exercise procedure

 

Party A shall
exercise the equity purchase option in accordance with the provisions of Chinese laws and regulations. When Party A exercises the
equity purchase option, it shall send written notice (“Equity Purchase Option Notice”) to Party B. The Equity
Purchase Option Notice shall state the following matters:

 

(a) Party A’s
decision on the exercise of purchase option;

 

(b) The ratio
of shares that Party A intends to purchase from Party B (“purchased equity”);

 

(c) Purchase
date/equity transfer date;

 

(d) Payment
method and bank remittance information;

 

(e) Organization
name or person’s name of the actual shareholders of Party C;

 

(f) Power of
attorney that permits the assignees to exercise the equity purchase option.

 

    	 	2	 

     

    

 

1.3 Purchase
price of equity

 

Unless appraised
according to the requirement of laws, purchase price of the equity purchase option exercised by Party A (“purchase price
of equity”) shall be the lowest of the followings prescribed with the consent of Party A:

 

(a) Actual
contribution amount paid by Party B for the purchased equity; or

 

(b) Lowest
transfer price compliant with Chinese laws and regulations at the time of exercising equity purchase option.

 

		1.4	Transfer of purchased equity

 

Party B and
Party C shall complete the following procedures and other related procedures (if any) within 10 days from the date when Party A
sends Equity Purchase Option Notice or the period approved by Party A:

 

(a) Party B
shall urge Party C to hold Shareholders’ Meeting in time, deliberate over and pass the resolutions of Party B’s transfer
of equity to Party A and/or its assignees and other relevant matters at reasonable request of Party A, and immediately submit the
aforementioned written resolutions to Party A for filing after the meeting;

 

(b) Party B
shall sign equity transfer agreement with Party A (or its assignees) meeting Party A’s requirements and other documents necessary
for equity transfer (“documents related to transfer of equity ownership”) according to Equity Purchase Option Notice
issued by Party A as required by Party A, and immediately submit one copy to Party A for filing after signing the aforementioned
documents;

 

(c) Related
parties shall sign all the other necessary agreements or documents;

 

(d) Party B
shall warrant that no secured interests are set on the purchased equity, and it shall hand over the purchased equity to Party A
and/or its assignees effectively in time, assist Party A and/or its assignees in dealing with relevant formalities for equity transfer,
such as register of shareholders of Party C and equity change registration, etc.

 

“Secured
interests” in this article refer to other secured interests not set, such as other guarantee, mortgage, equity purchase
option, right of preemption, and right of set-off, etc., except for all the equity held by Party B in Party C and pledged by Party
B to Party A so that Party B and Party C can fulfill all the obligations in Exclusive Management Consulting and Service Agreement
signed with Party A,

 

    	 	3	 

     

    

 

1.5 Payment

 

Party A shall
pay Party B corresponding equity purchase amount in the legal mode prescribed in Chinese laws and regulations.

 

		2	Undertakings and Warranties

 

2.1 Undertakings
and warranties of Party C

 

(a) Without
the written consent of Party A, it shall not supplement, change or revise the Memorandum of Association of Party C in any form,
increase, decrease or change its registered capital in other mode, or undertake any act to split, dissolve or change the corporate
form of Party C;

 

(b) According
to good financial and commercial standards and practices, it shall maintain the existence of the company, effectively operate the
business and handled the affairs at its discretion so as to maintain the value of Party C’s assets, and shall not undertake
any act that may have adverse effect on its operational status and assets value;

 

(c) Without
the written consent of Party A, it shall not sell, transfer, mortgage, pledge or dispose any assets, business, income and other
rights to earnings in other way beyond the scope of normal business and operation;

 

(d) Without
the written consent of Party A, it shall not create or inherit any debts, except for the non-borrowing debt incurred in the day-to-day
operation and the debts disposed to Party A and approved by Party A in writing;

 

(e) Without
the written consent of Party A, it shall not sign any major contracts (major contracts prescribed in this article refer to the
contracts with single transaction amount exceeding RMB 1,000,000 or the contracts with relatively small single contract
amount but accumulative amount for the same transaction counterparty or associated company of counterparty exceeding RMB 500,000).

 

(f) Without
the written consent of Party A, it shall not provide the guarantee in any form to any third party, including loan, financial aid
or mortgage, and pledge, etc., or allow any third party to set mortgage or pledge on its assets or equity;

 

(g) It shall
provide all the materials about Party C’s operation and financial status at the request of Party A;

 

(h) Without
the written consent of Party A, it shall not cooperate, engage in joint venture, carry out external investment to establish any
third party or acquire any third party;

 

    	 	4	 

     

    

 

(i) If any
litigation, arbitration or administrative proceeding related to Party C’s assets, business and income happens or may happen,
it shall notify Party A immediately;

 

(j) Without
the written consent of Party A, it shall not distribute the dividend to the shareholders in any form;

 

(k) It shall
appoint a person recommended by Party A and meeting statutory conditions as the directors, supervisors and senior management of
Party C, and/or dismiss the directors, supervisors and/or senior management of Party C, and perform all the relevant resolution
and filing procedures at the request of Party A;

 

(l) As for
the undertakings in Article 2.1 applicable to Party C, Party B and Party C shall urge Party C’s subsidiaries to conform to
such undertakings if applicable as such subsidiaries are Party C of corresponding articles.

 

		2.2	Undertakings and warranties of Party B

 

Party B hereby irrevocably undertakes:

 

		(a)	Without the written consent of Party A, it shall not donate, transfer, mortgage, pledge or dispose
any shares and related rights to earnings that it holds in Party C in other way, or allow setting any encumbrance on any secured
interests except for the pledge set according to Equity Pledge Agreement signed between Party A and Party B;

 

		(b)	Party B shall not engage in operational business or any other activity that has adverse effect
on the reputation of Party C;

 

		(c)	Party B shall take all the measures to keep all the operational certificates and licenses of Party
C legal, valid, and legally renewed in time;

 

		(d)	Party B shall not sign any documents in conflict of interests with the legal instruments that are
signed with Party C or Party A and its assignees and being performed, or make relevant commitments; Party B shall not cause the
conflict of interests between Party B and Party A & its shareholders through action or by means of non-action. If such conflict
of interests occurs (Party A shall be entitled to unilaterally determine whether such conflict of interests occurs), Party B shall
take measures to eliminate such conflict as soon as possible with the consent of Party A or its assignees;

 

		(e)	Without the written consent of Party A, Party B shall not directly or indirectly participate in
and engage in the business in competition or potential competition with that of Party C and its controlled subsidiaries in any
way;

 

    	 	5	 

     

    

 

		(f)	It shall immediately notify Party A of any litigation, arbitration or administrative proceeding
related to the equity that Party B holds in Party C that is in progress or likely to occur.

 

		(g)	If the shares of Party C can be transferred to Party A’s assignees with the consent of Party
A, all of Party B’s rights and obligations hereof shall be transferred to such transferee, and Party B shall try the best
to urge and require such transferee to unconditionally inherit such rights and obligations

 

		(h)	It shall vote in the Shareholders’ Meeting of the company against the cooperation or joint
venture between Party C and any third party, external investment to establish any third party or acquisition of any third party
without the prior consent of Party A in writing;

 

		(i)	It shall deliberate over and pass the transfer matters of the purchased equity hereof in the Shareholders’
Meeting of the company;

 

		(j)	It shall appoint the natural person recommended by Party A and meeting statutory conditions as
the directors of Party C;

 

		(k)	It shall immediately transfer its equity to Party A’s assignees at the request of Party A,
and waive the right of preemption of the aforementioned equity transferred by other existing shareholders;

 

		(l)	It shall strictly comply with the provisions of the Agreement and other contracts signed by Party
B & Party C and Party A jointly or severally, and fulfill the obligations of the aforementioned contracts, and shall not undertake
any act that may influence the effectiveness and enforceability of the aforementioned contracts;

 

		(m)	Party B shall jointly bear all the costs arising from the signing and execution of documents related
to transfer of equity ownership, and assist Party A in dealing with relevant necessary formality to acquire corresponding purchased
equity, including but not limited to acquiring the governmental approval necessary for purchased equity and industry and commerce
change registration for the matters, such as change of the Memorandum of Association and company shareholder change, etc.

 

2.3 Joint
undertakings and warranties of Party B and Party C

 

		(a)	Party B and Party C are entitled to sign the Agreement and every equity transfer agreement (severally
referred to as “transfer agreement”) signed according to the Agreement, and fulfill the obligations of the Agreement
and equity transfer agreements. Once the Agreement and every equity transfer agreement is signed, Party B and Party C may be subject
to statutory performance of corresponding obligations in accordance with corresponding articles;

 

    	 	6	 

     

    

 

		(b)	The signing and performance of the Agreement and transfer agreements shall not violate any obligations,
any relevant approvals or authorizations prescribed in any related Chinese laws, the Articles of Incorporation or other organizational
documents of Party C, and any effective contractual legal instrument signed by Party B or Party C;

 

		(c)	Party B holds complete and flawless ownership of the shares that it holds in Party C and no secured
interests are set on the aforementioned equity without the consent of Party A;

 

		(d)	Party C does not hold any outstanding debts except for the reasonable debts arising from the day-to-day
operation and the debts disclosed to Party A or approved by Party A in writing;

 

		(e)	Currently they undergo no litigation, arbitration or administrative proceeding related to Party
B’s equity and Party C’s assets that is in progress or likely to occur.

 

		(f)	During the validity period of the Agreement, Party A may, if necessary (or for any reason, including
but not limited to tax, accounting or other reasons), require Party B and Party C to supplement and revise any term and article
hereof, and Party B and Party C hereby undertake to immediately sign on the instructions of Party A.

 

		3	Effectiveness and Term

 

The Agreement
shall come into effect on the date of being signed by the authorized representatives of the Parties and affixed with seal, and
remain effective permanently. Unless otherwise specified herein, Party A shall be entitled to notify Party B and Party C of the
termination of the Agreement through issuing 20-day written notice. However, Party B and Party C shall not terminate the Agreement
in advance.

 

		4	Governing Laws and Dispute Resolution

 

4.1 Governing
laws

 

The signing,
effectiveness, interpretation and performance of the Agreement and the resolution of the disputes hereof shall be governed by Chinese
laws.

 

    	 	7	 

     

    

 

4.2 Dispute
resolution method

 

The Parties
shall firstly resolve any dispute arising from the interpretation and performance of the Agreement through amicable negotiations.
If the Parties fail to enter into the agreement of dispute resolution within 30 days after one party sends the written notice requesting
resolution through negotiation to the other parties, any party shall be entitled to submit relevant dispute to South China International
Economic and Trade Arbitration Commission for arbitration in accordance with the arbitration rules effective then. The arbitration
place is Shenzhen and the arbitration language is Chinese. The arbitration award shall be final and have binding force on the parties.

 

Except for
the disputed matter for the Parties, the Parties shall continually perform their respective obligations in good faith.

 

		5	Liability for Breach of Contract

 

If Party A suffers
any loss due to Party B or Party C’s breach of any article hereof, Party B and Party C shall undertake joint responsibility
of compensation.

 

		6	Taxes and Expenses

 

All the taxes
and expenses related to the Agreement shall be respectively borne by Party A and Party B in compliance with relevant provisions
of laws; Party B shall compensate Party A in full amount after Party A pays the amount attributed to Party A according to law.

 

		7	Notice

 

The notice or
other correspondence sent by any party hereof shall be made in Chinese, and delivered by specialized person, by post or via fax
to the following address of other parties or other addresses given by other party in the notice to other agreement parties in the
means of notice prescribed herein. The actual service date of the notice shall be determined in the following mode: (a) For the
notice delivered by specialized person, it shall be deemed as delivered on the date of delivery by specialized person; (b) for
the notice in the form of letter, it shall be deemed as delivered on the tenth day after the post date of registered airmail with
postage paid (indicated by postmark, or on the fourth day after delivered to special delivery service institution internationally
recognized; and (c) for the notice sent via fax, it shall be deemed as served at the receiving time indicated on transmission confirmation
of relevant document.

 

 

Party
A: YiQiLai (Shenzhen) Consulting Management Co., Ltd.

 

		Address:	

 

Addressee:
______________________________

 

Tel.: __________________________________________

 

Fax: ____________________________________________

 

 

    	 	8	 

     

    

 

Party
B: Ding Xiang (Shenzhen) Investment Co., Ltd.

 

		Address:	

 

Addressee: ___________________________________

 

Tel.: ________________________________________

 

Fax: ____________________________________________

 

 

 

Party
C: Shenzhen Zhong Wei Technology Co., Ltd.

 

		Address:	

 

Addressee: _____________________

 

Tel.: ____________________________________________

 

Fax: ____________________________________________

 

		8	Responsibility of Confidentiality

 

The Parties
hereby acknowledge that any oral or written materials exchanged with each other and related to the Agreement are deemed as confidential
materials. The Parties shall keep all the aforementioned materials confidential, and shall not disclose any relevant materials
to any third person without the written consent of the disclosing party, unless: (a) The public has learnt or will learn the aforementioned
materials not due to the arbitrary disclosure by any of the receiving party to the public; (b) the materials are disclosed as required
by laws; or (c) any party needs to disclose the transaction stated herein to its legal or financial advisor, provided that such
legal or financial advisor shall perform the responsibility of confidentiality similar to this article. The disclosure by the staff
or hired institution of any party shall be deemed as disclosure by such party, which shall undertake the liability for breach of
contract in accordance with the Agreement. This article shall remain effective whether the Agreement is terminated for any reason.

 

		9	Miscellaneous

 

		9.1	Amendment, revision and supplement

 

The Parties
shall sign written agreement on any amendment, revision and supplement of the Agreement.

 

		9.2	Performance

 

The Parties
hereby agree to sign relevant documents and take other measures beneficial to the performance of the provisions hereof.

 

    	 	9	 

     

    

 

		9.3	Transfer

 

Party A shall
be entitled to transfer its rights and obligations hereof to any third party, and the transferee shall inherit Party A’s
rights and obligations hereof. Party A shall notify Party B and Party C in writing within reasonable period before such transfer,
and Party B and Party C shall sign relevant contracts and/or documents for such transfer at the request of Party A.

 

		9.4	Compliance with laws and regulations

 

The Parties
shall fully comply with effective Chinese laws and regulations.

 

		9.5	Complete agreement

 

In addition
to the written amendment, supplement or revision made after the signing of the Agreement, the Agreement shall constitute the complete
agreement on the subject matter hereof entered into by the Parties, and replace all the oral or written negotiation, representation
and contracts previously made on the subject matter hereof.

 

		9.6	Language

 

The Agreement
is made in Chinese and in triplicate, with each party holding one, which shall have equal legal force.

 

		9.7	Severability

 

If any article
or provision hereof becomes ineffective, illegal or unenforceable according to laws, all the other articles and provisions hereof
shall remain fully effective. After confirming any article or provision becomes ineffective, illegal or unenforceable, the Parties
shall revise the Agreement through negotiations in good faith so as to reflect the true intentions of the Parties to the greatest
extent in the mode acceptable to the Parties, and thus accomplish the transaction proposed herein as initially planned to the greatest
extent.

 

		9.8	Continuing effectiveness

 

(a) Any obligations
arising due to the Agreement before the expiry or forward termination of the Agreement shall remain effective after the expiry
or forward termination hereof.

 

=

 

(b) Article
5 and 8 hereof shall remain effective after the termination of the Agreement.

 

 

(The remainder of this page is intentionally
left blank. The signing page is attached)

    	 	10	 

     

    

 

(This page is left blank
and serves as the signing page of Exclusive Option Agreement. The Parties have instructed their respective authorized representatives
to sign Exclusive Option Agreement on the date first above written.)

 

 

Party A: YiQiLai (Shenzhen) Consulting
Management Co., Ltd.

 

 

 

Signature: /s/ Congying Fang

 

 

 

Party B: Ding Xiang (Shenzhen) Investment
Co., Ltd.

 

 

 

Signature: /s/ Xinhong Cai

 

 

 

Party C: Shenzhen Zhong Wei Technology
Co., Ltd.

 

 

 Signature: /s/ Weide Li

 

 

 

 

 

August 18, 2020

 

    	 	11

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