Document:

Exhibit 10.1

Technical
Consultation and Service Agreement

 

This
Technical Consulting and Services Agreement (the “Agreement”) is entered into as of January 30th ,2018 in Beijing
between the following two parties:

 

Party
A:        Beijing Rucong Enterprise Management and Advisory Co., Ltd. 

		Address:	Room
                                         404-8, Floor 4, North Building 6, No.1 Shuangqing Road, Hai Dian District, Beijing

 

Party
B:         Puhui Wealth Investment Management(Beijing) Co., Ltd.

		Address:	Suite
                                         1002, W3 Office Building, Oriental Commerce Tower, No.1 Chang An Street, Dong Cheng District,
                                         Beijing

 

Whereas,

 

		1.	Party
                                         A is a wholly-foreign-owned enterprise established in China, and has the necessary resources
                                         to provide consulting services; 

 

		2.	Party
                                         B is a company with exclusively domestic capital registered in China and needs Party
                                         A’s support and services during its business.

 

NOW
THEREFORE, through friendly consultation, Party A and Party B hereby agree to enter into and perform this Agreement.

 

MANAGEMENT
CONSULTING AND SERVICES

 

		1.	Party
                                         A hereby agrees to provide consultation and services to Party B in the area of fund,
                                         human, technology and intellectual properties, and Party B hereby agrees to accept such
                                         management consultation and services in accordance with the terms and conditions under
                                         this Agreement. The management consultation and services provided by Party A include:

 

		(1)	be
                                         responsible for providing training and technical support to the staff of Party B;

 

		(2)	be
                                         responsible for providing consultation services regarding the marketing of Party B;

 

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		(3)	be
                                         responsible for providing general advice and assistance relating to the management and
                                         operation of Party B’s business;

 

		(4)	be
                                         responsible for providing other consultation and services which are necessary for Party
                                         B’s businesses.

 

		2.	Party
                                         B shall provide appropriate assistance to Party A for its work, including but not limited
                                         to providing the relevant data, engineering requirement and technical directions.

 

		3.	The
                                         term of this Agreement is twenty (20) years. The Parties agree that, this Agreement can
                                         be extended only if Party A gives its written consent of the extension of this Agreement
                                         before the expiration of this Agreement and Party B shall agree with this extension without
                                         reserve. If Party B’s operation term is required to extended, Party B shall use
                                         its best efforts to renew its business license and extend its operation term until and
                                         unless otherwise instructed in Party A’s prior written notice.

 

		4.	Party
                                         A is the exclusive consultation and services provider of Party B; Party B shall not utilize
                                         third party to provide services which are same as or similar with Party A’s services
                                         and shall not establish similar corporation relationship with any third party regarding
                                         the matters contemplated by this Agreement without the prior written consent of Party
                                         A. Party A may appoint other parties to provide Party B with the consultations and/or
                                         services under this Agreement.

 

SERVICES
FEES

 

The
Parties agree that, Party B shall pay relevant services fees to Party A which shall be determined according to the Appendix of
this Agreement. This Appendix can be amended by the Parties in considering the circumstances.

 

INTELLECTUAL
PROPERTY AND CONFIDENTIALITY

 

		1.	Unless
                                         otherwise stipulated in writing by the Parties, Party A shall be the sole and exclusive
                                         owner of all rights and interests to any and all intellectual property rights arising
                                         from the performance of this Agreement, including, but not limited to, any copyrights,
                                         patent, know-how and otherwise, whether developed by Party A or Party B. Party B shall
                                         execute all appropriate documents, take all appropriate actions, submit all filings and/or
                                         applications, render all appropriate assistance and otherwise conduct whatever is necessary
                                         as deemed by Party A in its sole discretion for the purposes of vesting any ownership,
                                         right or interest of any such intellectual property rights in Party A, and/or perfecting
                                         the protections for any such intellectual property rights in Party A. The Parties agree
                                         that this Section shall survive changes to, and rescission or termination of, this Agreement.

 

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		2.	For
                                         the purpose of this Agreement, Confidential Information includes, but not limited to,
                                         (i) technical information, materials, program, drawing, data, parameter, standard, software,
                                         computer program, web design in connection with the development, design, research, produce
                                         and maintenance of technology disclosed by one Party to the other Party; (ii) any contracts,
                                         agreement, memo, annexes, draft or record (including this Agreement) entered into by
                                         the Parties for the purpose of this Agreement; and (iii) any information designated to
                                         be proprietary or confidential when it is disclosed by one Party to the other Party.
                                         Upon termination or expiration of this Agreement, Party B shall, return all and any documents,
                                         materials or software contained any of such Confidential Information to Party A or destroy
                                         it, delete all of such Confidential Information from memory devices, and cease to use
                                         them.

 

		3.	Any
                                         Party shall not disclose any Confidential Information to any third party in any way without
                                         the other Party’s prior written consent.

 

		4.	The
                                         Parties may disclose Confidential Information solely to its employees, agents or consultant
                                         who must know such information, subject to such employees, agents or consultant being
                                         bound by confidentiality obligations at least as restrictive as this Section 3.

 

		5.	Notwithstanding
                                         the foregoing, Confidential Information shall not be deemed to include the following
                                         information:

 

(1)  is
or will be in the public domain (other than through the receiving Party’s unauthorized disclosure); or

 

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(2)  is
under the obligation to be disclosed pursuant to the applicable laws or regulations, rules of any stock exchange, or orders of
the court or other government authorities, in which case the receiving Party will promptly notify the disclosing Party, and will
take reasonable and lawful steps to minimize the extent of the disclosure.

 

		6.	Any
                                         Party breaching confidentiality obligations under this Section shall indemnity all losses
                                         of the other Party.

 

REPRESENTATIONS
AND WARRANTIES

 

		1.	Party
                                         A hereby represents and warrants as follows:

 

		(1)	Party A
                                                                                                                                              is a wholly owned foreign enterprise legally registered and validly existing in accordance
                                                                                                                                              with the laws of China.

 

		(2)	Party
                                         A has taken all necessary corporate actions, obtained all necessary authorization and
                                         the consent and approval from third parties and government agencies (if any) for the
                                         execution and performance of this Agreement. Party A’s execution and performance
                                         of this Agreement do not violate any explicit requirements under any law or regulation
                                         binding on Party A.

 

		(3)	This
                                         Agreement constitutes Party A’s legal, valid and binding obligations, enforceable
                                         in accordance with its terms.

 

		2.	Party
                                         B hereby represents and warrants as follows:

 

		(1)	Party
                                         B is a company legally registered and validly existing in accordance with the laws of
                                         China and has obtained the relevant permit and license for engaging in its business in
                                         a timely manner. It has independent legal person status, and has full and independent
                                         civil and legal capacity to execute, deliver and perform this Agreement. It can sue and
                                         be sued as a separate entity;

 

		(2)	Party
                                         B has taken all necessary corporate actions, obtained all necessary authorization and
                                         the consent and approval from third parties and government agencies (if any) for the
                                         execution and performance of this Agreement. Party B’s execution and performance
                                         of this Agreement do not violate any explicit requirements under any law or regulation
                                         binding on Party B.

 

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		(3)	This
                                         Agreement constitutes Party B’s legal, valid and binding obligations, enforceable
                                         in accordance with its terms.

 

LIABILITY
FOR BREACH OF AGREEMENT

 

		1.	The
                                         Parties agree and confirm that, if either Party is in breach of any provisions herein
                                         or fails to perform its obligations hereunder, such breach or failure shall constitute
                                         a default under this Agreement, which shall entitle the non-defaulting Party to request
                                         the defaulting Party to rectify or remedy such default with a reasonable period of time.
                                         If the defaulting Party fails to rectify or remedy such default within the reasonable
                                         period of time or within 30 days of non-defaulting Party’s written notice requesting
                                         for such rectification or remedy, then the non-defaulting Party shall be entitled to
                                         elect any one of the following remedial actions: (a) to terminate this Agreement and
                                         request the defaulting Party to fully compensate its losses and damages; (b) to request
                                         the specific performance by the defaulting Party of its obligations hereunder and request
                                         the defaulting Party to fully compensate all losses and damages of the non-defaulting
                                         Party.

 

		2.	No
                                         waiver of rights in respect of any default hereunder shall be valid unless it was made
                                         in writing. Any failure to exercise or delay in exercising any rights or remedy by any
                                         Party under this Agreement shall not be deemed as a waiver of such Party. Any partial
                                         exercise of any right or remedy shall not affect the exercise of any other rights and
                                         remedies.

 

		3.	Notwithstanding
                                         Clause 5.1 above, the Parties agree and confirm that in no circumstance shall Party B
                                         early terminate this Agreement unless the applicable law provides otherwise or it has
                                         obtained the prior written consent of Party A.

 

		4.	The
                                         validity of this Section shall not be affect by the suspension or termination of this
                                         Agreement.

 

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FORCE
MAJEURE

 

		1.	In
this Agreement, “Force Majeure” will mean war, earthquake and other events which are unforeseen, inevitable and beyond
the control of the Party.

 

		2.	If
                                         the Force Majeure causes any one party to the Agreement the impossibility to further
                                         perform this Agreement, the Parties agree that the suffering party will waive any liability
                                         to the other party for any loss that result from any such Force Majeure, provided that
                                         the suffering party shall continue to perform this Agreement after the Force Majeure.

 

AMENDMENT
AND TERMINATION

 

		1.	Any
                                         amendment of this Agreement shall come into force only after a written agreement is signed
                                         by both Parties.

 

		2.	During
                                         the term of this Agreement, unless Party A commits gross negligence, or a fraudulent
                                         act, against Party B, Party B shall not terminate this Agreement prior to its expiration
                                         date. Nevertheless, Party A shall have the right to terminate this Agreement upon giving
                                         30 days’ prior written notice to Party B at any time.

 

		3.	During
                                         the term of this Agreement, if any Party is going into liquidation (either voluntary
                                         or compulsory), or is prohibited to conduct business by the governmental authority, the
                                         other Party shall be entitled to terminate this Agreement. The termination notice shall
                                         come into force upon the notice is sent.

 

		4.	The
                                         amendment and termination of this Agreement shall not affect the exercise of any other
                                         remedies under this Agreement. Except when it may be exempted from liability according
                                         to law, the Party that is held responsible shall compensate the other Party for all losses
                                         and damages thus caused by such amendment or termination.

 

GOVERNING
LAW AND DISPUTE RESOLUTION

 

		1.	The
                                         execution, effectiveness, interpretation, performance, amendment, termination and dispute
                                         resolution shall be governed by the law of the People’s Republic of China.

 

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		2.	In
                                         the event of any dispute with respect to this Agreement, the Parties shall first resolve
                                         the dispute through friendly negotiations. In the event the Parties fail to reach an
                                         agreement on the dispute, either Party may submit the relevant dispute to the Beijing
                                         Commission of China International Economic and Trade Arbitration Commission for arbitration,
                                         in accordance with its Arbitration Rules. The arbitration shall be conducted in Beijing, and
                                         the language used in arbitration shall be Chinese. The arbitration award shall be final
                                         and binding on all Parties.

 

		3.	Upon
                                         the occurrence of any disputes arising from the construction and performance of this
                                         Agreement or during the pending arbitration of any dispute, except for the matters under
                                         dispute, the Parties to this Agreement shall continue to exercise their respective rights
                                         under this Agreement and perform their respective obligations under this Agreement.

 

NOTICES

 

		1.	All
                                         notices and other communications required or permitted to be given pursuant to this Agreement
                                         shall be delivered personally or sent by registered mail, postage prepaid, by a commercial
                                         courier service to the address of such Party set forth below. A confirmation copy of
                                         each notice shall also be sent by email. The dates on which notices shall be deemed to
                                         have been effectively given shall be determined as follows:

 

		(1)	Notices
                                         given by personal delivery, by courier service or by registered mail, postage prepaid,
                                         shall be deemed effectively given on the date of acceptance or refusal at the address
                                         specified for notices.

 

		2.	For
                                         the purpose of notices, the addresses of the Parties are as follows:

 

	 	Party A:	Beijing Rucong Enterprise
    Management and Advisory Co., Ltd.
	 	 	 
	 	Address:	Room 404-8, Floor 4, North Building 6, No.1
    Shuangqing Road, Hai Dian District, Beijing
	 	 	 
	 	Attn:	 
	 	 	 
	 	Phone:	 

 

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	 	Party A:	Puhui Wealth Investment Management(Beijing)
    Co., Ltd.
	 	 	 
	 	Address:	Suite 1002, W3 Office Building, Oriental Commerce
    Tower, No.1 Chang An Street, Dong Cheng District, Beijing
	 	 	 
	 	Attn:	 
	 	 	 
	 	Phone:	 

  

		3.	If
                                         any Party change its address for notices or its contact person, a notice shall be delivered
                                         to the other Party in accordance with the terms hereof.

 

ASSIGNMENT

 

		1.	Without
                                         Party A’s prior written consent, Party B shall not assign its rights and obligations
                                         under this Agreement to any third party.

 

		2.	Party
                                         B agrees that Party A may assign its obligations and rights under this Agreement to any
                                         third party upon a prior written notice to Party B but without the consent of Party B.

 

MISCELLANEOUS

 

		1.	This
                                         Agreement shall become effective upon and from the date on which it is signed by the
                                         authorized representative and seal of each Party.

 

		2.	Any
                                         amendments and supplements to this Agreement shall be in writing. The amendment agreements
                                         and supplementary agreements that have been signed by the Parties and that relate to
                                         this Agreement shall be an integral part of this Agreement and shall have the same legal
                                         validity as this Agreement.

 

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		3.	The
                                         clauses in connection with confidentiality obligations, disputes resolution and default
                                         responsibilities shall survive rescission or termination of this Agreement.

 

		4.	In
                                         the event that one or several of the provisions of this Agreement are found to be invalid,
                                         illegal or unenforceable in any aspect in accordance with any laws or regulations, the
                                         validity, legality or enforceability of the remaining provisions of this Agreement shall
                                         not be affected or compromised in any aspect. The Parties shall strive in good faith
                                         to replace such invalid, illegal or unenforceable provisions with effective provisions
                                         that accomplish to the greatest extent permitted by law and the intentions of the Parties,
                                         and the economic effect of such effective provisions shall be as close as possible to
                                         the economic effect of those invalid, illegal or unenforceable provisions.

 

		5.	This
                                         Agreement shall be signed in Chinese and English language bearing the same legal effect.
                                         In the event of any inconsistency between the Chinese and English language, the Chinese
                                         version of this Agreement shall prevail. This Agreement shall have two counterparts,
                                         with each party holding one original. All counterparts shall be given the same legal
                                         effect.

 

[THE
SIGNATURE PAGE]

 

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IN
WITNESS WHEREOF, the Parties have caused their authorized representatives to execute this Technical Consultation and Service Agreement
as of the date first above written.

 

	Party A:	Beijing Rucong Enterprise Management
    and Advisory Co., Ltd.
	By:	 	 
	Name:	Mr.
    Zhe Ji
	Title:	Legal Representative
	 	 	 
	Party B:	Puhui Wealth Investment Management(Beijing)
    Co., Ltd.
	By:	 	 
	Name:	Mr.
    Zhe Ji
	Title:	Legal Representative

  

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Exhibit
Provisions on the payment standard and method of technology service fee

 

		1.	Both
                                         Parties agreed that Party B should pay service fee relating to Article 1, paragraph 1
                                         to Party A based on the following terms:

 

		(1)	Annual
                                         Fee

 

Party
B should pay 90.2077% of net profit after tax of Party B accepted by US GAAP to Party A as the annual fee (the “Annual Fee”)
of technology support and service herein. The Annual fee should be paid to the designed bank account of Party A within 15 working
days after the first day of each quarter of the year.

 

		(2)	Floating
                                         Charge

 

Besides
the Annual Fee, Party B should pay Floating Charge (the “Floating Charge”), the amount of which should not be exceed
total net profit accepted by the US GAAP deducting the Annual Fee of Party B, to Party A in each quarter of the year according
to the technology support and service provided by Party A. The amount of the Floating Charge should be determined by both Parties
based on the following factors:

 

		A.	The
                                         number and qualification of the employees provided by Party A for the technology support
                                         and service in a certain quarter; 

 

		B.	The
                                         service time costed for the technology support and service in a certain quarter;

 

		C.	The
                                         investment made for the technology support and service in a certain quarter;

 

		D.	The
                                         service and the value of the service provided for the technology support and service
                                         in a certain quarter;

 

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		E.	The
                                         operation revenue of Party B.

 

		2.	Within
                                         15 days of the end of each quarter, Party A should provide all the required financial
                                         information to be used to calculate (the “Financial Information”) the Floating
                                         Charge on the certain quarter with Party B and should pay the Floating Charge within
                                         30 days of the end each quarter. Both Parties can engage independent accountants with
                                         good reputation to audit on the Financial Information, if any Party has a doubt on it.
                                         The audit would be conducted during the business hour and should not be affect the normal
                                         business of Party B.

 

		3.	Party
                                         B should negotiate with Party B within 7 working days after receiving the written notice
                                         regarding the adjustment of the Annual Fee or the Floating Charge from Party A. 

 

		4.	If
                                         Party B is in a status of loss accepted by the US GAAP, Party A is obliged to absorb
                                         all the loss of Party B and to pay the amount of loss to Party B.

 

Technical Consultation and Service Agreement

12Exhibit 10.2

 

Business Cooperation Agreement

 

This Business Cooperation
Agreement (this “Agreement”) is made and entered into by and between the following parties on January 30th , 2018 in
Beijing, the People’s Republic of China (“China” or the “PRC”).

 

Party A: Beijing Rucong Enterprise
Management and Advisory Co., Ltd. 

		Address:	Room 404-8, Floor 4, North Building 6, No.1 Shuangqing Road, Hai Dian District, Beijing

 

Party B: Puhui Wealth Investment
Management(Beijing) Co., Ltd.

		Address:	Suite 1002, W3 Office Building, Oriental Commerce Tower, No.1 Chang An Street, Dong Cheng District, Beijing

 

Each of Party A and Party
B shall be hereinafter referred to as a “Party” respectively, and as the “Parties” collectively.

 

Whereas,

 

		1.	Party A is a wholly-foreign-owned enterprise established in China, and has the necessary resources
to provide technical and consulting services;

 

		2.	Party B is a company with exclusively domestic capital registered in China and engages in the third-party
wealth management service and other businesses (the “Principal Business”).

 

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		3.	Party A is willing to provide Party B with technical support, consulting services and other commercial
services on exclusive basis in relation to the Principal Business during the term of this Agreement, utilizing its advantages in
technology, human resources, and information, and Party B is willing to accept such services provided by Party A or Party A’s designee(s),
each on the terms set forth herein.

 

Now, therefore, through
mutual discussion, the Parties have reached the following agreements:

 

		1.	Services Provided by Party A

 

		1.1	Party B hereby appoints Party A as Party
B’s exclusive services provider to provide Party B with complete technical support, business support and related consulting services
during the term of this Agreement, in accordance with the terms and conditions of this Agreement, which may include all necessary
services within the scope of the Principal Business as may be determined from time to time by Party A, such as but not limited
to technical services, business consultations, equipment or property leasing, marketing consultancy, system integration, product
research and development, and system maintenance. 

 

		1.2	Party B agrees to accept all the consultations
and services provided by Party A. Party B further agrees that unless with Party A’s prior written consent, during the term of this
Agreement, Party B shall not directly or indirectly accept the same or any similar consultations and/or services provided by any
third party and shall not establish similar corporation relationship with any third party regarding the matters contemplated by
this Agreement. Party A may appoint other parties, who may enter into certain agreements described in Section 1.3 with Party B,
to provide Party B with the consultations and/or services under this Agreement. 

 

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		1.3	Service
Providing Methodology

 

		1.3.1	Party A and Party B agree that during
the term of this Agreement, where necessary, Party B may enter into further technical service agreements or consulting service
agreements with Party A or any other party designated by Party A, which shall provide the specific contents, manner, personnel,
and fees for the specific technical services and consulting services. 

 

		1.3.2	To fulfill this Agreement, Party A and
Party B agree that during the term of this Agreement, where necessary, Party B may enter into equipment or property leases with
Party A or any other party designated by Party A which shall permit Party B to use Party A’s or its designee’s relevant equipment
or property based on the needs of the business of Party B. 

 

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		2.	The Calculation and Payment of the
Service Fees

 

Both Parties agree
that, in consideration of the services provided by Party A, Party B shall pay to Party A the fees (the “Service Fees”)
equal to 90.2077% of the after-tax income determined by U.S. GAAP of Party B, provided that upon mutual discussion between the
Parties and the prior written consent by Party A, the rate of Service Fees may be adjusted based on the services rendered by Party
A in that quarter and the operational needs of Party B. All out-of-pocket expenses (including without limitation the travelling
expenses, accommodation, transportation, printing and postage fees etc) that Party A may incur as a result of the provision of
the Services hereunder shall be solely borne by Party B. The Service Fees shall be due and payable on a quarterly basis; within
15 working days after the beginning of each quarter, Party B shall (a) deliver to Party A the management accounts and operating
statistics of Party B for such quarter, including the after-tax income of Party B during such quarter (the “Quarterly Income”),
and (b) pay 90.2077% of such Quarterly Income, or other amount agreed by Party A, to Party A (each such payment, a “Quarterly
Payment”). Within ninety (90) days after the end of each fiscal year, Party B shall (a) deliver to Party A audited financial
statements of Party B for such fiscal year, which shall be audited and certified by an independent certified public accountant
approved by Party A, and (b) pay an amount to Party A equal to the shortfall, if any, of the net income of Party B for such fiscal
year, as shown in such audited financial statements, as compared to the aggregate amount of the Quarterly Payments paid by Party
B to Party A in such fiscal year. Unless the Parties agree otherwise or the law provides otherwise, the Service Fees payable by
Party B hereunder shall not be subject to any deduction or set-off (e.g. bank handling fees etc). The management report, operation
data and financial statements provided by Party B shall be true, valid, accurate and complete. If Party A suffers any losses as
a result of any defect of the aforesaid documents, Party B shall be fully responsible for such losses. In the event that Party
B’s payment obligation hereunder is reduced or released because of the provision by Party B of any fraudulent materials to
Party A, Party B hereby irrevocably undertakes to compensate Party A accordingly for the amount so reduced or released.

 

If Party B is
operating at losses determined by U.S. GAAP when Party B is obligated to pay the Services fees to Party A, Party A needs to absorb
Party B’s losses and be responsible and required to reimbursement Party B for those losses.

 

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		3.	Intellectual Property Rights and Confidentiality
Clauses

 

		3.1	To the extent permitted under the PRC
laws, Party A shall have exclusive and proprietary rights and interests in all rights, ownership, interests and intellectual properties
arising out of or created during the performance of this Agreement, including but not limited to copyrights, patents, patent applications,
software, technical secrets, trade secrets and others. Party B shall execute all appropriate documents, take all appropriate actions,
submit all filings and/or applications, render all appropriate assistance and otherwise conduct whatever is necessary as deemed
by Party A in its sole discretion for the purposes of vesting any ownership, right or interest of any such intellectual property
rights in Party A, and/or perfecting the protections for any such intellectual property rights in Party A.

  

		3.2	The Parties acknowledge that the existence
and the terms of this Agreement and any oral or written information exchanged between the Parties in connection with the preparation
and performance this Agreement are regarded as confidential information. Each Party shall maintain confidentiality of all such
confidential information, and without obtaining the written consent of the other Party, it shall not disclose any relevant confidential
information to any third parties, except for the information that: (a) is or will be in the public domain (other than through the
receiving Party’s unauthorized disclosure); (b) is under the obligation to be disclosed pursuant to the applicable laws or
regulations, rules of any stock exchange, or orders of the court or other government authorities; or (c) is required to be disclosed
by any Party to its shareholders, investors, legal counsels or financial advisors regarding the transaction contemplated hereunder,
provided that such shareholders, investors, legal counsels or financial advisors shall be bound by the confidentiality obligations
similar to those set forth in this Section. Disclosure of any confidential information by the staff members or agencies hired by
any Party shall be deemed disclosure of such confidential information by such Party, which Party shall be held liable for breach
of this Agreement. This Section shall survive the termination of this Agreement for any reason.

 

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		3.3	The Parties agree that this Section shall
survive changes to, and rescission or termination of, this Agreement.

 

		4.	Representations
and Warranties

 

		4.1	Party A hereby represents and warrants
as follows:

 

		4.1.1	Party A is a wholly owned foreign enterprise
legally registered and validly existing in accordance with the laws of China.

 

		4.1.2	Party A has taken all necessary corporate
actions, obtained all necessary authorization and the consent and approval from third parties and government agencies (if any)
for the execution and performance of this Agreement. Party A’s execution and performance of this Agreement do not violate
any explicit requirements under any law or regulation binding on Party A.

 

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		4.1.3	This Agreement constitutes Party A’s legal,
valid and binding obligations, enforceable in accordance with its terms.

 

		4.2	Party B hereby represents and warrants
as follows:

 

		4.2.1	Party B is a company legally registered
and validly existing in accordance with the laws of China and has obtained the relevant permit and license for engaging in the
Principal Business in a timely manner. It has independent legal person status, and has full and independent civil and legal capacity
to execute, deliver and perform this Agreement. It can sue and be sued as a separate entity;

 

		4.2.2	Party B has taken all necessary corporate
actions, obtained all necessary authorization and the consent and approval from third parties and government agencies (if any)
for the execution and performance of this Agreement. Party B’s execution and performance of this Agreement do not violate
any explicit requirements under any law or regulation binding on Party B.

 

		4.2.3	This Agreement constitutes Party B’s legal,
valid and binding obligations, and shall be enforceable against it.

 

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		5.	Effectiveness
and Term

 

This Agreement
is executed on the date first above written and shall take effect as of such date. This Agreement shall maintain effective unless
terminated in accordance with Article 6.1 or was compelled to terminate under applicable PRC laws and regulations.

 

		6.	Termination

 

		6.1	During the term of this Agreement, unless
Party A commits gross negligence, or a fraudulent act, against Party B, Party B shall not terminate this Agreement prior to its
expiration date. Nevertheless, Party A shall have the right to terminate this Agreement upon giving 30 days’ prior written notice
to Party B at any time.

 

		6.2	The rights and obligations of the Parties
under Articles 3, 7 and 8 shall survive the termination of this Agreement.

 

		7.	Governing
Law and Resolution of Disputes

 

		7.1	The execution, effectiveness, construction,
performance, amendment and termination of this Agreement and the resolution of disputes hereunder shall be governed by the laws
of China.

 

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		7.2	In the event of any dispute with respect
to the construction and performance of this Agreement, the Parties shall first resolve the dispute through friendly negotiations.
In the event the Parties fail to reach an agreement on the dispute within 30 days after either Party’s request to the other Parties
for resolution of the dispute through negotiations, either Party may submit the relevant dispute to the China International Economic
and Trade Arbitration Commission Beijing Commission for arbitration, in accordance with its Arbitration Rules. The arbitration
shall be conducted in Beijing, and the language used in arbitration shall be Chinese. The arbitration award shall be final and
binding on all Parties.

 

		7.3	Upon the occurrence of any disputes arising
from the construction and performance of this Agreement or during the pending arbitration of any dispute, except for the matters
under dispute, the Parties to this Agreement shall continue to exercise their respective rights under this Agreement and perform
their respective obligations under this Agreement.

 

8.                 
 

 

		8.1	The Parties agree and confirm that, if
either Party (the “Defaulting Party”) is in breach of any provisions herein or fails to perform its obligations
hereunder, such breach or failure shall constitute a default under this Agreement (the “Default”), which shall
entitle the non-defaulting Party to request the Defaulting Party to rectify or remedy such Default with a reasonable period of
time. If the Defaulting Party fails to rectify or remedy such Default within the reasonable period of time or within 30 days of
non-defaulting Party’s written notice requesting for such rectification or remedy, then the non-defaulting Party shall be
entitled to elect any one of the following remedial actions: (a) to terminate this Agreement and request the Defaulting Party to
fully compensate its losses and damages; (b) to request the specific performance by the Defaulting Party of its obligations hereunder
and request the Defaulting Party to fully compensate non-defaulting Party’s losses and damages. 

 

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		8.2	No waiver of rights in respect of any
Default hereunder shall be valid unless it was made in writing. Any failure to exercise or delay in exercising any rights or remedy
by any Party under this Agreement shall not be deemed as a waiver of such Party. Any partial exercise of any right or remedy shall
not affect the exercise of any other rights and remedies. 

 

		8.3	Notwithstanding Clause 8.1 above, the
Parties agree and confirm that in no circumstance shall Party B early terminate this Agreement unless the applicable law or this
Agreement provides otherwise. 

 

		8.4	Notwithstanding any other provisions under
this Agreement, the validity of this Clause shall not be affected by the suspension or termination of this Agreement. 

 

		9.	Notices

 

		9.1	All notices and other communications required
or permitted to be given pursuant to this Agreement shall be delivered personally or sent by registered mail, postage prepaid,
by a commercial courier service to the address of such Party set forth below. A confirmation copy of each notice shall also be
sent by email. The dates on which notices shall be deemed to have been effectively given shall be determined as follows:

 

		9.1.1	Notices given by personal delivery, by
courier service or by registered mail, postage prepaid, shall be deemed effectively given on the date of delivery or refusal at
the address specified for notices.

 

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 10

     

    

 

		9.2	For the purpose of notices, the addresses
of the Parties are as follows:

 

		Party A:	Beijing Rucong Enterprise Management and Advisory
Co., Ltd.

 

		Address:	Room 404-8, Floor 4, North Building 6, No.1 Shuangqing
Road, Hai Dian District, Beijing

 

		Attn:	 

 

		Phone:	 

 

		Party A:	Puhui Wealth Investment Management(Beijing) Co., Ltd.

 

		Address:	Suite 1002, W3 Office Building, Oriental Commerce Tower,
No.1 Chang An Street, Dong Cheng District, Beijing

 

		Attn:	 

 

		Phone:	 

 

		9.3	If any Party change its address for notices
or its contact person, a notice shall be delivered to the other Party in accordance with the terms hereof.

 

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 11

     

    

 

		10.	Assignment

 

		10.1	Without Party A’s prior written consent,
Party B shall not assign its rights and obligations under this Agreement to any third party.

 

		10.2	Party B agrees that Party A may assign
its obligations and rights under this Agreement to any third party upon a prior written notice to Party B but without the consent
of Party B.

 

		11.	Severability

 

In the event that
one or several of the provisions of this Agreement are found to be invalid, illegal or unenforceable in any aspect in accordance
with any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement shall not
be affected or compromised in any aspect. The Parties shall strive in good faith to replace such invalid, illegal or unenforceable
provisions with effective provisions that accomplish to the greatest extent permitted by law and the intentions of the Parties,
and the economic effect of such effective provisions shall be as close as possible to the economic effect of those invalid, illegal
or unenforceable provisions.

 

		12.	Amendments
and Supplements

 

Any amendments
and supplements to this Agreement shall be in writing. The amendment agreements and supplementary agreements that have been signed
by the Parties and that relate to this Agreement shall be an integral part of this Agreement and shall have the same legal validity
as this Agreement.

 

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 12

     

    

 

		13.	Language
and Counterparts

 

This Agreement
is written in both Chinese and English language in two copies, each Party having one copy with equal legal validity; in case there
is any conflict between the Chinese version and the English version, the Chinese version shall prevail.

 

[The remainder of this page is intentionally
left blank.]

 

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 13

     

    

 

[THE SIGNATURE PAGE]

 

IN WITNESS WHEREOF, the
Parties have caused their authorized representatives to execute this Business Cooperation Agreement as of the date first above
written.

 

	Party A:	Beijing Rucong Enterprise Management and Advisory Co., Ltd.
	By:	 	 
	Name:	Mr. Zhe Ji
	Title:	Legal Representative
	 	 	 
	Party B:	Puhui Wealth Investment Management(Beijing) Co., Ltd.
	By:	 	 
	Name:	Mr. Zhe Ji
	Title:	Legal Representative

 

Business Cooperation Agreement

14

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