Document:

Exhibit
10.1

 

 

 

 

STOCK
PURCHASE AGREEMENT

 

 

 

 

CUSTODIAN
VENTURES, LLC, 

a
Wyoming limited-liability company,

as
the Seller of 

17,700,000
Shares of Common Stock and

10,000,000
Shares of Series A Preferred Stock

of

GLOBAL
ENTERTAINMENT CORP.,

a
Nevada corporation

 

and

 

WANG
XINRUI

as
the Buyer of the Shares

 

June
18, 2019

 

    	 	 

     

    

 

STOCK
PURCHASE AGREEMENT

 

 

 

THIS
STOCK PURCHASE AGREEMENT (the “Agreement”) is entered into effective as of the __ day of June, 2019 (the
“Effective Date”), by and between CUSTODIAN VENTURES, LLC, a Wyoming limited-liability company (“Seller”),
as owner of 17,700,000 shares of Common Stock and 10,000,000 shares of Series A Preferred Stock of GLOBAL ENTERTAINMENT CORP.,
a Nevada corporation (“GNTP”); and WANG XINRUI (“Xinrui,” or “Buyer”),
a ___________. Buyer and Seller are sometimes referred to collectively herein as the “Parties”, and each individually
as a “Party”.

 

RECITALS

 

A. Seller
owns Seventeen Million Seven Hundred Thousand (17,700,000) restricted shares of the common stock (the “Common
Shares”) of GNTP.

 

B. The
Common Shares represent approximately 72.672% of the voting power of the common stock of GNTP.

 

C. Seller
owns Ten Million (10,000,000) restricted shares of the Series A Preferred stock (the “Preferred Shares,”
and together with the Common Shares, the “Purchased Shares”) of GNTP.

 

D. The
Preferred Shares represent one hundred percent (100%) of the duly authorized, validly issued, and currently outstanding
Series A Preferred stock of GNTP.

 

E. At
Closing the Purchased Shares will represent approximately 94.65% of the voting interest of GNTP, calculated as if the
Preferred Shares had been converted into voting shares of common stock of GNTP at the time Closing and the Preferred Shares
vote at 10 votes per share.

 

F. Seller
desires to sell the Purchased Shares to Buyer, and Buyer desires to purchase the Purchased Shares from the Seller pursuant to
the terms, covenants, and conditions contained herein.

 

G.
Seller and Buyer have appointed the law firm of McMurdo Law Group LLC (the “Law Firm”) for this transaction and to
receive and hold the Purchase Price (as defined below) received from the Buyer for the purchase of the Shares and all documents,
stock certificates for the Purchased Shares and corporate records of GNTP in the possession of Seller (“Documents”)
in the Law Firm’s Trust Account (the “Escrow Account”) and control unless other arrangements are agreed to by
all Parties.

 

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

 

I

SALE
AND TRANSFER OF THE PURCHASED SHARES

 

1.1 Purchase
and Sale. On the closing date specified in Section 6.1 herein (the “Closing”), Seller shall sell,
transfer, convey, and deliver to Buyer, and Buyer shall purchase from Seller, the Purchased Shares, pursuant to the terms of
this Agreement.

 

1.2
Purchase Price.

 

    	1

     

    

 

1.2.1. Amount.
At the Closing, Buyer shall acquire the Purchased Shares for a purchase price of One Hundred Seventy-Five Thousand Dollars
($175,000 U.S.) (the “Purchase Price”). This is a private transaction between the Seller and
Buyer.

 

1.2.2. Purchase
Price Escrow; Payment. 

 

1.2.2.1 Law
Firm. The Seller and Buyer hereby appoint the Law Firm to act with respect to the distribution of the Purchase Price
received for the purchase of the Purchased Shares and distribution of the Purchased Shares and documents of GNTP. Buyer
acknowledges that the Law Firm has also represented the Seller and the Company in other transactions. 

 

1.2.2.2
Deposit. The Law Firm has received and is holding $50,000 of the Purchase Price (the “Deposit”). The Deposit,
and the balance of Purchase Price if tendered by Buyer to the Law Firm prior to the Closing, will be held in the Law Firm’s
Escrow Account until Closing (as defined in Section 6.1 of this Agreement) or until ordered released as per other sections of
this Agreement.

 

1.2.2.3
Payment of Purchase Price. Buyer shall pay the balance of the Purchase Price less the Deposit to the Law Firm’s Escrow
Account on or before the Closing. The aggregate amount One Hundred Seventy-Five Thousand Dollars ($175,000) shall be payable,
in full, from the Law Firm’s Escrow Account to Seller at Closing via wire transfer in accordance with the instructions provided
by Seller and reflected on Exhibit 1.2.2.3 attached hereto and incorporated herein by reference.

 

1.3 Share
Certificates. At the Closing, Seller shall deliver to GNTP’s transfer agent (the “Transfer
Agent”) instructions to transfer the Purchased Shares and to issue the Purchased Shares in book entry format in the
name of Buyer.

 

1.4 Other
Closing Deliveries by Seller. In addition to the stock certificates, at the Closing Seller to deliver to Buyer
the following:

 

1.4.1
A certificate issued by the Nevada Secretary of State as to the good standing of GNTP as of a date within two (2) business
days after the Closing;

 

1.4.2
A true and complete copy of the Articles of Incorporation of GNTP as in effect as of the date of the Closing, certified by
the Secretary of State of Nevada;

 

1.4.3
Notarized board resolutions authorizing all transactions contemplated by this Agreement, including, without limitation the
appointment of the Buyer’s designees as the officers and directors of GNTP;

 

1.4.4
Copies of all federal and state tax returns filed by GNTP in the possession of Seller;

 

1.4.5
EDGAR filing codes of GNTP;

 

1.4.6
Copy of CUSIP confirmation indicating current number;

 

1.4.7
Certified current list of stockholders from the Transfer Agent;

 

1.4.9
All SEC, FINRA and OTC correspondence in the possession of Seller;

 

1.4.10
GNTP’s minute books containing the resolutions and actions by written consent of the directors and stockholders of GNTP
and GNTP’s other original books and records, including all financial and accounting records (including the general
ledger), all banking records and other regulatory filings and filing codes in whatever media they exist, including paper and
electronic media in the possession of Seller;

 

1.4.11
Duly executed and notarized resignations of GNTP’s sole officer and director;

 

1.4.12
A good standing or other document from the State of Wyoming evidencing the existence of Seller;

 

1.4.13
All other documents, instruments and writings required by this Agreement to be delivered by GNTP at the Closing, all of GNTP’s
original books of account and record, and any other documents or records relating to GNTP in the possession of Seller.

 

    	2 

     

    

 

II

REPRESENTATIONS
AND WARRANTIES BY SELLER

 

Seller
hereby represents and warrants to Buyer that the representations and warranties contained in this Article II are true, correct,
and complete as of the Effective Date and will be correct and complete as of the Closing Date (as though made then and as though
the Closing Date were substituted for the Effective Date throughout this Article II), except as otherwise expressly provided for
to the contrary herein:

 

2.1 Execution
and Performance of Agreement. Seller has the requisite right, power, authority, and capacity to enter into, execute,
deliver, perform, and carry out the terms and conditions of this Agreement and each of any other instruments and agreements
to be executed and delivered by Seller in connection with this Agreement (the “Seller Transaction
Documents”), as well as all transactions contemplated hereunder. All requisite corporate proceedings have been
taken and Seller has obtained all approvals, consents, and authorizations necessary to authorize the execution, delivery, and
performance by Seller of this Agreement, and each of the Seller Transaction Documents to which it is a party. This Agreement
has been duly and validly executed and delivered by Seller and constitutes the valid, binding, and enforceable obligation of
Seller, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, or other similar laws affecting
the enforcement of creditor’s rights generally and by general principles of equity (regardless of whether such
enforcement is considered in a proceeding in equity or at law.

 

2.2 Effect
of Agreement. As of the Closing, the consummation by Seller of the transactions herein contemplated, including the
execution, delivery and consummation of this Agreement and the Seller Transaction Documents to which it is a party, to the
knowledge of Seller, will not:

 

(a)
Violate any judgment, statute, law, code, act, order, writ, rule, ordinance, regulation, governmental consent or governmental
requirement, or determination or decree of any arbitrator, court, or other governmental agency or administrative body, which
now or at any time hereafter may be applicable to and enforceable against the relevant party, work, or activity in question
or any part thereof (collectively, “Requirement of Law”) applicable to or binding upon Seller, GNTP, or
the Purchased Shares;

 

(b)
Violate the terms of any agreement, contract, mortgage, indenture, bond, bill, note, or other instrument or writing binding
upon Seller or GNTP or the Purchased Shares or to which Seller or GNTP or the Purchased Shares is subject; or

 

(c)
Result, to the knowledge of Seller, in the breach of, constitute a default under, constitute an event which with notice or
lapse of time, or both, would become a default under, or result in the creation of any lien, security interest, charge or
encumbrance upon the Purchased Shares under any agreement, commitment, contract (written or oral) or other instrument to
which Seller or GNTP is a party, or by which any of its assets (or any part thereof) is bound or affected.

 

2.3 Consents.
No consents, approvals or other authorizations or notices, other than those which have been obtained and are in full force
and effect, all of which have been previously delivered to the Buyer, are required by any state or federal regulatory
authority or other person or entity in connection with the execution and delivery of this Agreement and the performance of
any obligations contemplated thereby, including without limitation the Eighth Judicial District Court, Clark County,
Nevada.

 

2.4 Authorized
and Outstanding Stock.  To the knowledge of Seller, the authorized capital stock of GNTP consists of (i)
50,000,000 authorized shares of common stock with $0.001 par value, of which 24,356,062 shares are validly issued and
outstanding; and, (ii) 10,000,000 authorized shares of preferred stock with $0.001 par value, of which the Preferred Shares
are the only preferred shares which are issued and outstanding, and all of which Preferred Shares are owned by Seller. To the
knowledge of Seller, there are no (i) outstanding proxies, options, warrants, scrip, rights to subscribe for, puts, calls,
rights of first refusal, agreements, understandings, claims or other commitments or rights of any character whatsoever
relating to, or securities, notes or rights convertible into or exchangeable for any shares of capital stock of GNTP, or
arrangements by which GNTP is or may become bound to issue additional shares of capital stock; (ii) agreements or
arrangements under which GNTP is obligated to register the sale of any of its securities under the Securities Act of 1933
(the “Act”); and (iii) anti-dilution or price adjustment provisions contained in any security issued by
GNTP. All references in this Agreement to “knowledge of Seller” shall mean the actual knowledge of Seller and its
sole manager. The Seller has no officers or any member or manager other than David Lazar.

 

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2.5 Title
to the Purchased Shares. To the knowledge of Seller, there are no outstanding subscriptions, options, warrants, calls,
commitments or agreements to which Seller or GNTP is a party or by which Seller or GNTP is bound relating to the Purchased
Shares. The Purchased Shares are owned beneficially and of record by Seller. Seller has full right and title to the Purchased
Shares, free and clear of any lien or encumbrance whatsoever, and full and unrestricted right and power to sell and deliver
the Purchased Shares pursuant to the provisions of this Agreement without obtaining the consent or approval of any other
person. The rights of the Preferred Shares are as provided in the Certificate of Designation filed with the Nevada Secretary
of State on June __, 2019. Upon transfer of the Purchased Shares to Buyer hereunder, Buyer will acquire good and marketable
title to the Purchased Shares free and clear of any lien or encumbrance. To the knowledge of Seller, Seller acquired the
Common Shares in a lawful transaction and in accordance with (i) the Order Appointing Custodian dated January 14, 2019,
Eighth Judicial District Court of Nevada, Clark County, Case No. A-19-787455-P, (ii) Nevada corporate law and (iii)
applicable securities laws of the United States.

 

2.6 Financial
Statements.  To the Knowledge of Seller, GNTP’s financial statements dated March 28, 2019, for the quarter
ending February 28, 2019 and filed on the OTC portal (the “Financial Statements”) and, to the knowledge of
Seller, have been prepared on a consistent basis and present fairly the financial position of GNTP as of the date thereof.
Except to the extent reflected and reserved against in the Financial Statements and as listed on Schedule 2.6 hereto, to the
knowledge of Seller, GNTP did not have, as of the date of the Financial Statements, any debts, liabilities or obligations of
any nature, whether accrued, absolute, contingent or otherwise, and whether due or to become due. GNTP is a
“shell,” as that term is defined in the SEC’s Rules and Regulations, and files its reports as a shell.
Seller hereby waives all rights to the related party note payable to Seller.

 

2.7
Changes in Financial Condition. Since the date of the Financial Statements, to the knowledge of Seller, there has not
been:

 

(a)
Any material change in the condition (financial or otherwise) or business of GNTP, except changes in the ordinary course of
business, none of which has been materially adverse;

 

(b)
Any damage, destruction or loss (whether or not covered by insurance) materially and adversely affecting the properties,
assets, business or prospects of GNTP; 

 

(c)
Any change in the accounting methods or business followed by GNTP, or any change in the depreciation or amortization policies
or rates adopted by GNTP (whether or not presently outstanding), except liabilities incurred, and obligations under
agreements entered into, in the ordinary course of business; or

 

(d)
Any sale, lease, abandonment or other disposition by GNTP, other than in the ordinary course of business, of any machinery,
equipment or other operating properties directly or indirectly related to the business of GNTP.

 

2.8 SEC
and OTC Filings. GNTP is not subject reporting requirements under the Securities Exchange Act of 1934, as amended
(the “1934 Act”). The shares of common stock are currently eligible for quotation on the OTC Markets Group, Inc.
under the symbol “GNTP” with “Pink Current Information” affixed next to its symbol. To the knowledge
of Seller, none of the OTC Documents filed with the OTC Markets (all of the foregoing which were filed prior to the date
hereof and all exhibits included therein and financial statements and schedules thereto and documents (other than exhibits to
such documents) incorporated by reference therein, being hereinafter referred to herein as the “OTC
Documents”), at the time they were filed with the OTC, contained any untrue statement of a material fact or omitted
to state a material fact required to be stated therein or necessary in order to make the statements therein, in light of the
circumstances under which they were made, not misleading. To the knowledge of Seller, none of the statements made in any such
OTC Documents is, or has been, required to be amended or updated under applicable law (except for such statements as have
been amended or updated in subsequent filings prior the date hereof).

 

    	4

     

    

 

2.9 Litigation.
To the knowledge of Seller, there is no claim, legal action, suit, arbitration, investigation or hearing, notice of claims or
other legal, administrative or governmental proceedings pending or to the knowledge of Seller, threatened against Seller or
GNTP (or in which Seller or GNTP is plaintiff or otherwise a party thereto), and, to the knowledge of Seller, there are no
facts existing which might result in any such claim, action, suit, arbitration, investigation, hearing, notice of claim or
other legal, administrative or governmental proceeding. Neither Seller nor, to the knowledge of Seller, GNTP have waived any
statute of limitations or other affirmative defense with respect to any of its liabilities. To the knowledge of Seller, there
is no continuing order, injunction, or decree of any court, arbitrator, or governmental or administrative authority to which
Seller or GNTP is a party or to which it or any of its assets is subject. To the knowledge of Seller, neither Seller nor GNTP
have been permanently or temporarily enjoined or barred by order, judgment or decree of any court or other tribunal or any
agency or regulatory body from engaging in or continuing any conduct or business.

 

2.10
Employee Benefit Plans. To the knowledge of Seller, GNTP is not a party to any written or oral (i) contract with
any labor union, (ii) bonus, pension, profit-sharing, retirement, deferred compensation, savings, stock purchase, stock
option, hospitalization, insurance or other plan providing employees benefits, (iii) employment, agency, consulting or similar
contract which cannot be terminated by it in one hundred twenty (120) days or less, without cost, or (iv) any other plan, agreement
or arrangement governed by the Employee Retirement Income Security Act of 1974, as amended. 

 

2.11 Material
Agreements. Except as set forth in Schedule 2.6 or in the Financial Statements incorporated herein by reference, and
to the knowledge of Seller, GNTP is not a party to, and is not bound by or subject to, any agreement, arrangement or
contract, whether oral or in writing, including without limitation, loan agreements, credit lines, promissory notes,
mortgages, pledges, guarantees, security agreements, powers of attorney or other arrangements to loan or borrow money or
extend credit, other than this Agreement, including without limitation any of the following:

 

(a)
license, agreement, assignment, or contract (whether as licensor or licensee, assignor or assignee) relating to trademarks,
trade names, patents or copyrights (or applications therefore), know-how or technical assistance, or other proprietary rights
(other than trademark agreements which are entered into in the ordinary course of the Seller’s business in conjunction
with sales agreements;

 

(b)
agreement or other arrangement for the sales of goods or services by GNTP to any government or governmental authority (other
than pursuant to open purchase orders issued by such entities);

 

(c)
agreement with any vendor, distributor, dealer, sales agent or representative;

 

(d)
agreement with any supplier or customer with respect to discounts (other than those reflected on the Seller’s current
price lists) or allowances or extended payment terms;

 

(e)
joint venture or partnership agreement with any other person;

 

(f)
agreement which restricts GNTP from doing business anywhere in the world; or

 

(g)
long-term services agreement.

 

2.12 Employment
Agreements. To the knowledge of Seller, GNTP is not a party to any employment agreement, independent contractor
agreement, or similar arrangement or agreement, whether it be reduced to written form or an oral promise.

 

    	5

     

    

 

2.13 Other
Arrangements. To the knowledge of Seller, neither Seller nor GNTP is a party to any contract, commitment or
agreement, nor are any of its assets subject to, or bound or affected by, any order, judgment, decree, law, statute,
ordinance, rule, regulation or other restriction of any kind or character which is not applicable to GNTP generally, which
would, individually or in the aggregate, materially adversely GNTP, the Purchased Shares or any of the assets of GNTP. Seller
is also not a party or subject to any agreement, contract or other obligation which would require the making of any payment,
other than payments contemplated by this Agreement, to any other person as a result of the consummation of the transactions
contemplated herein.

 

2.14 Bad
Actor. No current officer or director of GNTP would be disqualified under Rule 506(d) of the Act as amended on the
basis of being a “bad actor”. David Lazar is the sole duly appointed officer and director of GNTP.

 

2.15 Environmental
Matters. To the knowledge of Seller, with regard to matters of environmental compliance:

 

(a)
GNTP has conducted and is conducting its business, and has used and is using its properties, whether currently owned,
operated or leased or owned, operated or leased by Seller at any time in the past; and at the time of acquisition of any
security interest, all properties in which Seller has a security interest had always been used, in compliance with all
applicable federal, and state and local environmental laws and regulations, except where the failure to comply with such laws
and regulations, in the aggregate, has not had and could not have a material adverse effect on the condition (financial or
otherwise), business or properties of GNTP.

 

(b)
Neither GNTP nor any property currently owned, operated or leased or which has been owned, operated or leased by GNTP, is
subject to any existing, pending or threatened investigation, action or proceeding, including any notice of violation, by any
governmental authority regarding contamination of any part of such property or infractions of any law, statute, ordinance or
regulation or any license or permit issued by any government agency pertaining to health, industrial hygiene or environmental
safety or environmental conditions on, under or about such property, except where such investigations, actions, proceedings,
notifications or infractions, in the aggregate, have not had and could not have a material adverse effect on the condition
(financial or otherwise), business or properties of GNTP.

 

(c)
There are no underground storage tanks or toxic or hazardous wastes, substances, or materials, or pollutants or contaminants,
including asbestos, presently located on or under any property which is currently or has been owned, operated or leased by
GNTP; there were no underground storage tanks or toxic or hazardous wastes, substances, or materials, or pollutants or
contaminants, including asbestos, located on or under any property in which GNTP has or had an interest. As used herein, the
terms toxic or hazardous wastes, substances or materials, pollutants and contaminants mean any material which is or becomes
during the term of this Agreement regulated or controlled as a hazardous or toxic waste or environmental pollutant under any
federal, state or local law, ordinance, order, decree or regulation currently in effect and applicable to Seller or any
property owned, operated or leased by Seller. 

 

2.16 Material
Defaults. To the knowledge of Seller, GNTP is not in default, or alleged to be in default, under any agreement,
contract, lease, mortgage, commitment, instrument or obligation, and no other party to any agreement, contract, lease,
mortgage, commitment, instrument or obligation to which GNTP is a party is in default thereunder, which default would
materially and adversely affect the properties, assets, business or prospects of GNTP. 

 

2.17 Disclosure.
No representation or warranty made by Seller in this Agreement or in any writing furnished or to be furnished pursuant to or
in connection with this Agreement knowingly contains or will contain any untrue statement of a material fact, or omits or
will omit to state any material fact required to make the statements herein or therein contained not misleading. Seller has
disclosed to Buyer all material information known to it related to GNTP, and their respective condition, operations, and
prospects. Seller acknowledges that the Buyer has represented to Seller that Buyer intends to cause GNTP to acquire a
business or assets after the Closing.

    	6

     

    

 

III

REPRESENTATIONS
AND WARRANTIES BY BUYER

 

Buyer
hereby represents and warrants to Seller that the representations and warranties contained in this Article III are true, correct,
and complete as of the Effective Date and will be correct and complete as of the Closing Date (as though made then and as though
the Closing Date were substituted for the Effective Date throughout this Article III), except as otherwise expressly provided
for to the contrary herein:

 

3.1 Execution
and Performance of Agreement. Buyer has the requisite right, power, authority, and capacity to enter into, execute,
deliver, perform, and carry out the terms and conditions of this Agreement and each of the other instruments and agreements
to be executed and delivered by Buyer in connection with this Agreement (the “Buyer Transaction Documents”), as
well as all transactions contemplated hereunder. This Agreement has been duly and validly executed and delivered by Buyer and
constitutes the valid, binding, and enforceable obligation of Buyer, except as such enforcement may be limited by bankruptcy,
insolvency, reorganization, or other similar laws affecting the enforcement of creditor’s rights generally and by
general principles of equity (regardless of whether such enforcement is considered in a proceeding in equity or at
law.

 

3.2 Effect
of Agreement. As of the Closing, the consummation by Buyer of the transactions herein contemplated, including the
execution, delivery and consummation of this Agreement and the Buyer Transaction Documents to which it is a party, will
not:

 

(a)
Violate any Requirement of Law applicable to or binding upon Buyer; or

 

(b)
Violate the terms of any material agreement, contract, mortgage, indenture, bond, bill, note, or other material instrument or
writing binding upon Buyer or to which Buyer is subject. 

 

3.3 Consents.
No consents, approvals or other authorizations or notices, other than those which have been obtained and are in full force
and effect, are required by any state or federal regulatory authority or other person or entity in connection with the
execution and delivery of the Buyer Transaction Documents and the performance of any obligations contemplated
thereby.

 

3.4 Investigation.
On or prior to the Closing, Buyer will have had the opportunity to investigate the books and records of GNTP and the
Financial Statements. As of the Closing, Buyer will be purchasing the Purchased Shares based upon Buyer’s own
independent investigation and evaluation of GNTP, and the covenants, representations and warranties of Seller set forth
herein. Buyer is expressly not relying on any oral representations made by Seller with regard to the Purchased Shares or
GNTP.

 

3.5 Investment
Purpose. Buyer is acquiring the Purchased Shares for its own account and not with a view towards, or for resale in
connection with, the public sale or distribution thereof in violation of applicable securities laws; provided, however, by
making the representations herein, Buyer does not agree, or make any representation or warranty, to hold any of the Purchased
Shares for any minimum or other specific term and reserves the right to dispose of the Purchased Shares at any time in
accordance with or pursuant to a registration statement or an exemption under the Act. The Buyer is acquiring the Purchased
Shares hereunder in the ordinary course of its business. The Buyer does not presently have any agreement or understanding,
directly or indirectly, with any person to distribute any of the Purchased Shares in violation of applicable securities laws.
The Buyer acknowledges that the Shares have been offered to him in direct communication between him and Seller, and not
through any advertisement of any kind. The Buyer represents that after the Closing of this transaction, the Buyer intends to
cause GNTP to acquire a business and/or assets.

 

3.6 Accredited
Investor Status and Related Acknowledgments. Buyer is an “accredited investor” as that term is defined in
Rule 501(a) of Regulation D (an “Accredited Investor”). Buyer further acknowledges (i) that the purchase
of the Purchased Shares involves a high degree of risk in that GNTP has no operations and requires substantial funds; (ii)
that an investment in GNTP is highly speculative and only investors who can afford the loss of their entire investment should
consider investing in GNTP and acquiring the Purchased Shares; and, (iii) that Buyer has such knowledge and experience in
finance, securities, investments (including investment in non-listed and non-registered securities), and other business
matters so as to be able to protect its interests in connection with this transaction.

 

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3.7 Reliance
on Exemptions. Buyer understands that the Purchased Shares are being offered and sold to it in reliance upon specific
exemptions from the registration requirements of United States federal and state securities laws and that (i) the sale of the
Purchased Shares to Buyer is not registered with the SEC or with the securities administrator of any state; (ii) the
Purchased Shares are being sold pursuant to an exemption from such registration requirements; (iii) the Shares are
“restricted securities” that will bear a restrictive legend prohibiting their further transfer without
registration or any exemption therefrom; and, (iv) GNTP is relying upon the truth and accuracy of, and the Buyer’s
compliance with, the representations, warranties, agreements, acknowledgments and understandings of the Buyer set forth
herein in order to determine the availability of such exemptions and the eligibility of the Buyer to acquire the Purchased
Shares.

 

3.8 Legends.
Buyer understands that the Purchased Shares have been issued pursuant to an exemption from registration or qualification
under the Act and applicable state securities laws, and the Purchased Shares shall bear a legend as required by the
“blue sky” laws of any state and a restrictive legend in compliance with applicable federal law.

 

3.9 Notification
of OTC Markets Group, Inc. and Nevada Secretary of State. Buyer shall, not later than forty-eight (48) hours
following the Closing make all required filings with any state and federal regulators, as is required to keep GNTP in good
standing with any and all regulatory bodies having authority, including without limitation, taking the following
actions:

 

(a)
Notify OTC Markets Group, Inc., and update the Company information on OTC Markets Group, Inc.’s website section
established for this purpose, of the new address for the Company, the new director(s) of the Company and the new officers of
the Company, including its President. Buyer shall promptly pay any fees associated with this notice.

 

(b)
Notify the Nevada Secretary of State, by filing an amended annual list of officers and directors and by filing a change of
address, the new director(s) of the Company and the new officers of the Company, including its President. Buyer shall
promptly pay any fees associated with these filings.

 

(c)
Should Buyer fail to perform according to this Section 3.9, Buyer expressly authorizes Seller to provide the notices and
filings contemplated by this Section 3.9 and Buyer agrees to promptly reimburse Seller for all expenses related thereto,
including filing fees and attorney’s fees and costs actually incurred.

 

3.10 Anti-Money
Laundering, Anti-Corruption and Anti-Terrorism Laws. The Buyer represents that the funds representing the Purchase
Price do not represent proceed of crime for the purpose of any applicable anti-money laundering or anti-terrorist
legislation, regulation or guideline. The Buyer is in compliance with, and has not previously violated, the United States of
America Patriot Act of 2001, as amended through the date of this Agreement, to the extent applicable to the Buyer and all
other applicable anti-money laundering, anti-corruption and anti-terrorism laws and regulations.

 

3.11 Shell
company. Buyer acknowledge that GNTP is currently a “shell company” as defined by Rule 144(i) of the 1934
Act.

 

IV

CONDITIONS
PRECEDENT

 

4.1 Conditions
to Obligations of Buyer. Unless otherwise waived, in whole or in part, in writing by Buyer, the obligations of Buyer
to affect the consummation of the transactions contemplated hereunder, and in the other agreements referred to herein, shall
be subject to the satisfaction at the Closing of each of the following conditions:

 

    	8

     

    

 

4.1.1. Representations
and Warranties of Seller to be True. The representations and warranties of Seller contained in this Agreement or in
any statement, certificate, schedule or other document delivered pursuant to this Agreement or in connection with the
transactions contemplated hereby, shall be true and correct (to the knowledge of Seller where specifically stated) in all
material respects on the Closing with the same force and effect as though made at such time. Seller shall have performed all
obligations and complied with all covenants required by this Agreement, and the other agreements referred to herein, to be
performed or complied with by him prior to the Closing.

 

4.1.2. No
Proceedings. To the knowledge of Seller, no suit, action or other proceeding of material consequence are pending or
threatened before any court or other governmental agency which seeks to restrain or prohibit the consummation of the
transactions contemplated by this Agreement, or to obtain damages or other relief in connection therewith.

 

4.1.3. No
Liabilities. To the knowledge of Seller, GNTP shall have no liabilities or financial obligations at Closing except as
disclosed on Schedule 2.6 or as provided on the Financial Statements. Seller shall have no obligation to pay any known or
unknown liabilities of GNTP.

 

4.1.4. Consents.
Seller shall have obtained and delivered to Buyer all written consents of the other party to all contracts which by their
terms or otherwise require the consent of such party to the transfer thereof by Seller as indicated on Schedule 4.1.4
attached hereto. 

 

4.1.5. Board
Appointments and Resignations. Seller shall use commercially reasonable efforts to facilitate the individuals
designated by Buyer being elected as directors of GNTP, and that all current officers and directors of GNTP shall resign as
of the Closing. Written notarized Consent of the resignations of all officers and directors and of resolutions of the Board
of Directors of GNTP shall be delivered by Seller at Closing. 

 

4.1.6 Closing
Documents. Seller shall have delivered to Buyer all the documents provided for in Article I of this Agreement. 

 

4.2  Conditions
to Obligations of Seller.  Unless otherwise waived, in whole or in part, in writing by Seller, the obligations of
Seller to affect the consummation of the transactions contemplated hereunder, and in the other agreements referred to herein,
shall be subject to the satisfaction at the Closing of each of the following conditions: 

 

4.2.1.
Representations and Warranties of Buyer to be True. The representations and warranties of Buyer contained in this Agreement
or in any statement, certificate, schedule or other document delivered pursuant to this Agreement or in connection with the
transactions contemplated hereby, shall be true and correct in all material respects on the Closing with the same force and
effect as though made at such time. Buyer shall have performed all obligations and complied with all covenants required by
this Agreement, and the other agreements referred to herein, to be performed or complied with by it prior to the
Closing.

 

4.2.2. Payment
of Purchase Price. Buyer shall have paid the Purchase Price as provided for herein.

 

    	9

     

    

 

V

CONDUCT
OF GNTP’s BUSINESS PRIOR TO CLOSING

 

Seller
hereby covenants, agrees, represents, and warrants to Buyer that, except as otherwise consented to in writing by Buyer, pending
the Closing:

 

(a)
GNTP will carry on its business in a good and diligent manner consistent with prior business, and will use commercially
reasonable efforts to preserve its business organization intact, and to keep available the services of all of its present
employees, agents, and representatives. 

 

(b)
No change will be made in the authorized or issued capital stock of GNTP, nor shall any rights, warrants, or options relating
thereto be issued.

 

(c)
No dividend or other distribution will be declared, set aside, or paid on or in respect of the common capital stock of GNTP,
nor will GNTP directly redeem, retire, purchase, or otherwise reacquire any of its stock.

 

(d)
GNTP will not sell or otherwise dispose of the assets or any other properties or assets, purchase or otherwise acquire any
properties or assets, incur any liabilities or enter into any transactions, except in the ordinary course of
business.

 

(e)
From and after the Effective Date, GNTP and Seller will permit Buyer and its duly authorized agents to have reasonable access
to the offices, properties, assets, books, and records of GNTP for the purpose of investigating the business and examining
the records of GNTP, verifying the representations made in this Agreement and the performance of the conditions set forth in
this Agreement.

 

VI

CLOSING
DATE AND TRANSFER DATE

 

6.1 Closing
Date. The closing of the transactions contemplated under this Agreement (the “Closing”) and the
transfer of the Purchased Shares by Seller to Buyer shall have taken place when the Seller delivers the Seller Transaction
Documents, at such place as the Parties may agree, or at such other time as the Parties may agree. The date on which the
Closing occurs is also referred to herein as the “Closing Date”. 

 

6.2
Obligations of Seller. At the Closing, Seller shall deliver or cause to be delivered to Buyer:

 

(a)
Share certificates representing the Purchased Shares, duly endorsed for transfer, free and clear of all liens and
encumbrances, dated as of the Closing;

 

(b)
Executed Seller Transaction Documents as provided in Section 1.4 above;

 

(c)
Written waiver of the $900 note payable to Seller; 

 

(c)
Any governmental and third-party consents, approvals, assurances or UCC-2 termination statements necessary for the
consummation of the transactions contemplated by this Agreement or as may be required to permit Seller to deliver the
Purchased Shares free and clear of any and all liens, claims, encumbrances or restrictions.

 

6.3 Obligations
of Buyer. At the Closing, Buyer shall deliver or cause to be delivered to Seller:

 

(a)
Buyer’s funds, by wire transfer, in the amount of Purchase Price.

 

    	10

     

    

 

VII

POST-CLOSING
COVENANTS

 

7.1 Books
and Records. Seller shall deliver, at Closing or as soon as possible after Closing, all books and records of Seller
in its possession reasonably related to GNTP and the rights and obligations of Buyer hereunder.

 

7.2 Reasonable
Assistance. Seller shall use and exercise commercially reasonable efforts, taking reasonable, ordinary and necessary
measures to ensure an orderly and smooth transition and conversion of the transfer of the Purchased Shares to
Buyer.

 

7.3 Survival
of Representations. All of the covenants, agreements, representations, and warranties made by each Party, or pursuant
hereto or in connection with the transactions contemplated hereby, shall survive the Closing for a period of six (6)
months.

 

7.4
Brokers. Each Party represents and warrants that no broker or finder has acted for it in connection with this Agreement or
the transactions contemplated hereby and that no broker or finder is entitled to any brokerage or finder’s fee or other
commission. Each Party agrees to indemnify and hold harmless the other Parties with respect to any claim for any brokerage or
finder’s fee or other commission.

 

7.5 Transaction
Documents. This Agreement, the Seller Transaction Documents, the Buyer Transaction Documents, and any other
agreements attached hereto as Schedules or Exhibits, will be referred to herein collectively as the “Transaction
Documents”. 

 

7.6
Expenses. All costs and expenses incurred in conducting the purchase and sale described in this Agreement in the manner
prescribed by this Agreement shall be borne by the Party incurring said expense.

 

7.7
Early Termination. This Agreement shall terminate upon:

 

(a)
The mutual agreement of Buyer and Seller, provided, however, that such termination is set forth in a writing executed by both
Parties; or

 

(b)
By either Buyer or Seller, in a writing, if the Closing does not occur on or prior to June 17, 2019, other than by reason of
a breach of a duty or an obligation hereunder of the Party electing to terminate this Agreement. In the event of such
termination, no Party shall have any obligation or liability to any other in respect to this Agreement, except for any breach
of contract occurring prior to such termination.

 

7.8
Taxes. Buyer shall be liable for the filing of all tax returns and reports and for the payment of all federal, state, and
local taxes of GNTP for any period whether before or after the Closing Date and any taxes due from GNTP. Seller shall remain
liable for the payment of all of its taxes attributable to or relating to the consummation of the transactions contemplated
herein and shall indemnify and hold Buyer and GNTP harmless from and against all liability in connection
therewith.

 

VIII

ADDITIONAL
PROVISIONS

 

8.1
Executed Counterparts. This Agreement may be executed in any number of counterparts, all of which when taken together shall
be considered one and the same agreement, it being understood that all Parties need not sign the same counterpart. In the
event that any signature is delivered by Fax or by E-Mail, such signature shall create a valid and binding obligation of that
Party (or on whose behalf such signature is executed) with the same force and effect as an original thereof. Any
photographic, photocopy, or similar reproduction copy of this Agreement, with all signatures reproduced on one or more sets
of signature pages, shall be considered for all purposes as if it were an executed counterpart of this Agreement.

 

    	11

     

    

 

8.2
Entire Agreement. This Agreement, and all references, documents, or instruments referred to herein, contains the entire
agreement and understanding of the Parties in respect to the subject matter contained herein. The Parties have expressly not
relied upon any promises, representations, warranties, agreements, covenants, or undertakings, other than those expressly set
forth or referred to herein. This Agreement supersedes (i) any and all prior written or oral agreements, understandings, and
negotiations between the Parties with respect to the subject matter contained herein; and, (ii) any course of performance
and/or usage of the trade inconsistent with any of the terms hereof.

 

8.3
Severability. Each and every provision of this Agreement is severable and independent of any other term or provision of this
Agreement. If any term or provision hereof is held void or invalid for any reason by a court of competent jurisdiction, such
invalidity shall not affect the remainder of this Agreement.

 

8.4 Governing
Law. This Agreement shall be governed by the laws of the State of Nevada, without giving effect to any choice or
conflict of law provision or rule (whether of the State of Nevada or any other jurisdiction) that would cause the application
of the laws of any jurisdiction other than the State of Nevada. If any court action is necessary to enforce the terms and
conditions of this Agreement, the Parties hereby agree that the state or federal courts in the County of Clark, State of
Nevada, shall be the sole jurisdiction and venue for the bringing of such action.

 

8.5
Enforcement. The Parties agree that irreparable damage would occur in the event that any of the provisions of this
Agreement were not performed in accordance with their specific terms or were otherwise breached. Accordingly, it is agreed
that the Parties shall be entitled to seek an injunction or injunctions to prevent breaches of this Agreement and to enforce
specifically the terms and provisions of this Agreement, this being in addition to any other remedy to which they are
entitled at law or in equity. The remedies of the Parties under this Agreement are cumulative and shall not exclude any other
remedies to which any person may be lawfully entitled.

 

8.6 Waiver.
No failure by any Party to insist on the strict performance of any covenant, duty, agreement, or condition of this Agreement
or to exercise any right or remedy on a breach shall constitute a waiver of any such breach or of any other covenant, duty,
agreement, or condition.

 

8.7
Recovery of Fees by Prevailing Party. In the event of any legal action (including arbitration) to enforce or interpret the
provisions of this Agreement, except as otherwise expressly provided herein, each party will be responsible for their own
attorney’s fees and costs of litigation. 

 

8.8
Recitals. The facts recited in the Recitals above, are hereby conclusively presumed to be true as between and affecting the
Parties and are hereby incorporated into this Agreement as if fully set forth herein.

 

8.9 Amendment.
This Agreement may be amended or modified only by a writing signed by all Parties.

 

8.10 Successors
and Assigns. Except as expressly provided in this Agreement, each and all of the covenants, terms, provisions,
conditions, and agreements herein contained shall be binding upon and shall inure to the benefit of the successors and
assigns of the Parties.

 

8.11 Assignability.
This Agreement is not assignable by either Party without the expressed written consent of all Parties.

 

8.12 No
Third-Party Beneficiaries. This Agreement has been entered into solely by and between Seller and Buyer, solely for
their benefit. There is no intent by either Party to create or establish a third-party beneficiary to this Agreement, and no
such third party shall have any right to enforce any right, claim, or cause of action created or established under this
Agreement. This Agreement shall be binding upon and shall inure only to the benefit of the parties hereto, and their
permitted assigns hereunder.

 

8.13
Time. All Parties agree that time is of the essence as to this Agreement.

 

    	12

     

    

 

8.14
Provision Not Construed Against Party Drafting Agreement. This Agreement is the result of negotiations by and between
the Parties, and each Party has had the opportunity to be represented by independent legal counsel of its choice. This Agreement
is the product of the work and efforts of all Parties, and shall be deemed to have been drafted by all Parties. In the event of
a dispute, no Party shall be entitled to claim that any provision should be construed against any other Party by reason of the
fact that it was drafted by one particular Party.

 

 

8.15
Agreement Provisions, Exhibits, and Schedules. When a reference is made in this Agreement to an Article, Section,
Subsection, Exhibit, or Schedule, such reference shall be to said item of this Agreement unless otherwise indicated. The Exhibits
and Schedules identified in this Agreement are incorporated herein by reference and made a part hereof as if set out in full herein.

 

8.16
Further Assurances. Each Party agrees (i) to furnish upon request to each other Party such further information;
(ii) to execute and deliver to each other Party such other documents; and, (iii) to do such other acts and things, all as another
Party may reasonably request for the purpose of carrying out the intent of this Agreement and the transactions envisioned hereunder.
However, this provision shall not require that any additional representations or warranties be made and no Party shall
be required to incur any material expense or potential exposure to legal liability pursuant to this Section 8.16.

 

8.17
Notices. 

 

8.17.1
All notices, requests, demands and other communications required or permitted to be given hereunder shall be affected as follows:

 

	If
    to Buyer:	If
    to Seller:
	 	 
	WANG
                                         Xinrui 

        Room
        1004, Block 1, Section C, 

        Feng
        Huang Cheng, Cangzhou City, 

        Hebei
        Province, China 

        E-mail:
        18268988559@163.com

         
	Custodian
                                         Ventures, LLC

        c/o
        David Lazar, Manager

        3443
        Lawrence Ave.

        Oceanside,
        NY 11572

        E-mail:
        david@zenithpi.com

         

	 

         

        McMurdo
        Law Group, LLC

        1185
        Avenue of the Americas, 3rd Floor

        New
        York, NY 10036

        Phone:
        917-318-2865

        E-mail:
        matt@nannaronelaw.com
	-with
                                         copy to-

         

        Bryan
        R. Clark PC

        6910
        S. Cimarron Rd., Ste. 240

        Las
        Vegas, NV 89113

        Phone:
        702-527-5277

        Email:
        bclark@clarklg.com

         

 

8.17.2.
Method and Delivery. All notices, requests and demands hereunder shall be in writing and delivered by hand, by Electronic
Transmission, by mail, or by recognized commercial over-night delivery service (such as Federal Express or UPS), and shall be
deemed given (a) if by hand delivery, upon such delivery; (b) if by Electronic Transmission, upon telephone confirmation of receipt
of same; (c) if by mail, forty-eight (48) hours after deposit in the United States mail, first class, registered or certified
mail, postage prepaid; or, (d) if by recognized commercial over-night delivery service, upon such delivery.

 

8.17.3.
Consent to Electronic Transmission. Each Party hereby expressly consents to the use of Electronic Transmission for
communications and notices under this Agreement. For purposes of this Agreement, “Electronic Transmission” means a
communication (i) delivered by Fax or E-Mail when directed to the Fax number or E-Mail address, respectively, for that recipient
on record with the sending Party; and, (ii) that creates a record that is capable of retention, retrieval, and review, and that
may thereafter be rendered into clearly legible tangible form.

 

    	13

     

    

 

8.17.4.
Address Changes. Any Party may alter the Fax number, E-Mail address, physical address, or postage address to which
communications or copies are to be sent by giving notice of such change of address to the other Parties in accordance with the
provisions of this Section 8.17.

 

8.18
Disputes. EACH PARTY HEREBY WAIVES TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTER CLAIM BROUGHT BY ANY OF
THEM AGAINST THE OTHER ARISING OUT OF OR IN ANY WAY CONNECTED WITH THIS AGREEMENT, OR ANY OTHER AGREEMENTS EXECUTED IN CONNECTION
HEREWITH OR THE ADMINISTRATION THEREOF OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN.

 

8.19
Efforts. Each Party shall cooperate in good faith with the other Parties generally, and in particular, the Parties
shall use and exercise commercially reasonable efforts, taking all reasonable, ordinary and necessary measures to ensure an orderly
and smooth relationship under this Agreement, and further agree to work together and negotiate in good faith to resolve any differences
or problems which may arise in the future. However, the obligations under this Section 10.19 shall not include any obligation
to incur substantial expense or liability.

 

8.20
Definitional Provisions. For purposes of this Agreement, (i) those words, names, or terms which are specifically
defined herein shall have the meaning specifically ascribed to them; (ii) wherever from the context it appears appropriate, each
term stated either in the singular or plural shall include the singular and plural; (iii) wherever from the context it appears
appropriate, the masculine, feminine, or neuter gender, shall each include the others; (iv) the words “hereof”, “herein”,
“hereunder”, and words of similar import, when used in this Agreement, shall refer to this Agreement as a whole, and
not to any particular provision of this Agreement; (v) all references to “Dollars” or “$” shall be construed
as being United States Dollars; (vi) the term “including” is not limiting and means “including without limitation”;
and, (vii) all references to all statutes, statutory provisions, regulations, or similar administrative provisions shall be construed
as a reference to such statute, statutory provision, regulation, or similar administrative provision as in force at the date of
this Agreement and as may be subsequently amended. 

 

8.21
Confidentiality. Each party hereto agrees with the other party that, unless and until the transactions contemplated
by this Agreement have been consummated, they and their representatives will hold in strict confidence all data and information
obtained with respect to another party or any subsidiary thereof from any representative, officer, director or employee, or from
any books or records or from personal inspection, of such other party, and shall not use such data or information or disclose
the same to others, except: (i) to the extent such data is a matter of public knowledge or is required by law to be published;
and (ii) to the extent that such data or information must be used or disclosed in order to consummate the transactions contemplated
by this Agreement.

 

8.22
Execution Knowing and Voluntary. In executing this Agreement, the parties severally acknowledge and represent that
each: (a) has fully and carefully read and considered this Agreement; (b) has been or has had the opportunity to be fully apprized
by its attorneys of the legal effect and meaning of this document and all terms and conditions hereof; (c) is executing this Agreement
voluntarily, free from any influence, coercion or duress of any kind.

 

IX

EXECUTION

 

IN
WITNESS WHEREOF, this STOCK PURCHASE AGREEMENT has been duly executed by the Parties and shall be effective as of and on the
Effective Date. Each of the undersigned Parties hereby represents and warrants that it (i) has the requisite power and authority
to enter into and carry out the terms and conditions of this Agreement, as well as all transactions contemplated hereunder; and,
(ii) it is duly authorized and empowered to execute and deliver this Agreement. 

 

****EXECUTION
APPEARS ON NEXT PAGE****

 

    	14

     

    

 

****EXECUTION
PAGE TO STOCK PURCHASE AGREEMENT****

 

	BUYER:	 	SELLER:
	 	 	 
	
        WANG XINRUI

         
	 	
        CUSTODIAN VENTURES, LLC,

         a Wyoming limited-liability company 

 

	 Signature: 	 /s/
    Wang Xinrui 	 	 Signature: 	 /s/
    David Lazar 
	 	 	 	Name:	David
    Lazar
	 	                                  	 	Its:	Manager                  
	 	 	 	 	 
	DATED:	 June
    18, 2019 	 	DATED:	 June
    18, 2019 

 

    	15

     

    

 

EXHIBITS
AND SCHEDULES

 

EXHIBITS

 

Exhibit

 

SCHEDULES

 

Schedule

 

    	16

     

    

 

Exhibit
1.2.2.3

 

Wire
Instructions

[PLESE
PROVIDE WIRE INSTRUCTIONS]

 

Schedule
2.6

GNTP’
Liabilities

 

    	17Exhibit
10.2

 

Business
Operation Agreement 

 

This
business operation agreement (hereinafter referred as “the agreement”) has been concluded by the following
three parties (hereinafter referred as “all contracting parties”) in Shenzhen City, Guangdong Province, the
People’s Republic of China (hereinafter referred as “China”) on May 28, 2020:

 

Party
A: CXJ (Shenzhen) Technology Co., Limited

Add:
3607B1, Block A, Xinghe Shiji Building, Southwest of the junction of Shenzhen Avenue and CaiTian Road, Futian District, Shenzhen
City, China.

 

Party
B: CXJ Technology (Hangzhou) Co., Limited

Add:
Room 1903-1, Xizi International Center, Jianggan District, Hangzhou City, Zhejiang Province, China.

 

Party
C: Lixin Cai Id Card No.: 330501198809306554

Add:
  No. 24, Xidou, Zhitou Village, Shuanglin Town, Nanxum District, Hunzhou City, Zhejiang Province, China.

 

Preface

 

	(1)
	Party
    A is a wholly foreign-owned enterprise registered and founded according to Chinese laws and has professional knowledge, capacity
    and resources of providing consultation and service. 
	 	 
	(2)
	Party
    B is a limited liability company registered and founded in China and undertaking research and development, production and
    distribution business of hi-tech products in the auto environmental protection field (hereinafter referred as “business”).
		 
	(3)	Party
    C is the shareholder of Party B, owing Party B’s all stock right (100%). 
	 	 
	(4)	Party
    A has established business relations with Party B through the “Consulting Service Agreement” (hereinafter referred
    as “Service Agreement”) concluded with Party B on ______________(Date). 
	 	 
	(5)	According
    to the service agreement, Party B shall pay Party A certain amount. However, Party B has not paid any account payable. In
    addition, Party B’s daily operation shall greatly affect Party B’s ability to pay such account payable to Party
    A. 
	 	 
	(6)	The
    purpose that all contracting parties sign the agreement is to make clear of matters relevant to Party B’s operation.
    

 

    	1

    	 

    

 

Therefore,
the contracting parties of the agreement have reached the following agreement by means of mutual negotiation:

 

	1.	Party
    A agrees that under the premise that Party B meets relevant terms of the agreement, Party A shall play the role as Party B’s
    guarantor in the contract and agreement with Party B relating to operation or relevant transactions between Party B and any
    other third party and shall provide Party A with the complete guarantee to implement such contract, agreement or transaction.
    Party B agrees to pledge all assets (including accounts receivable) to Party A as counter guarantee according to the collateral
    arrangement stated above. Party A hopes to sign the written guarantee contract with Party B’s transaction counterparty,
    so as to undertake the guarantee liability as the guarantor when it is necessary. Therefore, Party B and Party C shall adopt
    all necessary measures (including but not limited to the signing of relevant documents and transaction of relevant registration
    procedure) to transact the procedure of the counter-guarantee, which provides to Party A. 

 

	2.	Given
    the requirement in article 1 in this agreement, for making sure that various operation agreements between Party B and Party
    A have been implemented and relevant account payable paid by Party B to Party A, Party B hereby agrees together with Party
    C, as Party B’s shareholder, that unless Party A’s prior written approval has been achieved, Party B can not conduct
    any transaction, which can greatly affect Party B’s assets, obligations, rights or operation (but excluding the signing
    of business contracts and agreement, sale or purchase of assets during Party B’s normal operation, as well as the lien
    achieved by relevant counterparty according to the agreement). Such transactions include but are not limited to:

 

	 	2.1	to
    conduct borrowings or undertake any debt to any third party. 

 

	 	2.2	to
    sell or purchase any asset or right to any third party, including but not limited to any intellectual property. 

 

	 	2.3	to
    provide any guarantee to any third party with Party B’s assets or intellectual property. 

 

	 	2.4	to
    transfer Party B’s business agreement to any third party. 

 

	3.	In
    order to make sure that various operation agreements between Party A and Party B have been implemented and Party B pays to
    Party A various accounts payable, Party B and Party C, as Party B’s shareholder, hereby agree to accept policy and suggestions
    about the company, which have been provided and related to the daily operation, financial management, staff’s employment
    and dismiss in the company from time to time. 

 

    	2

    	 

    

 

	4.	Party
    B hereby agrees with Party C, as Party B’s shareholder, that Party B shall appoint the personnel recommended by Party
    A as Party B’s directors and appoint the senior managers of Party A as Party B’s general managers, chief financial
    officer and other senior managers. Once the senior managers above dismiss or are fired by Party A, they shall be disqualified
    to hold any position in Party B. Under such cases, other senior managers of Party A recommended by Party A shall fill in the
    positions. The personnel recommended by Party A according to the article shall meet the qualification conditions of directors,
    general managers, chief financial officer and other senior managers regulated by applicable laws. 
	 	 
	5.	Party
    B and Party C, as Party B’s shareholder, hereby agree and confirm that if they require any guarantee relating to their
    acts of implementing any contract or repaying any flowing fund loan, they shall find Party B for such guarantee first and
    foremost. Under such case, Party A shall have the right to decide whether Party A should provide relevant guarantee to Party
    B (However, they shall have no obligations to provide such guarantee to Party B). If Party A decides not to provide such guarantee
    to Party B, Party A shall send the written notice to Party B immediately, so that Party B can seek guarantee from other third
    party. 

 

	6.	Under
    such case that any agreement terminates or the period of validity expires, Party A shall have the right, but no obligations
    to terminate all agreements with Party B, including but not limited to the service agreement. 

 

	7.	Any
                                         revision and supplement to the agreement shall be in the written form. The revised edition
                                         and supplementary provisions of the agreement formally signed by all contracting parties
                                         shall be deemed to be part of the agreement and shall have the same legal force with
                                         the agreement.

 

	8.	If
    any provision of the agreement according to relevant laws is considered to be invalid or does not have compulsory executive
    force, the provision only within the application scope of such law shall be considered to be invalid. In addition, the validity
    and enforceability of the rest provisions in the agreement shall not be affected in any form. 

 

	9.	Without
    the prior written agreement of Party A, Party B shall not transfer rights and obligations under the articles of the agreement
    to any third party. Party B shall hereby agree that Party A can transfer rights and obligations under the articles of the
    agreement as needed, and Party A shall only notify Party B in the written form of t such transaction act, without any further
    agreement from Party B. 

 

	10.	All
    contracting parties admit and confirm that any verbal or written materials about the communication of the agreement shall
    be confidential documents. All contracting parties shall be confidential to all such documents. Without prior written agreement
    from other contracting parties, any contracting party shall not disclose to any third party any such document, excluding the
    following documents: (1) the documents the public have known or will know (excluding the documents not authorized by the accepting
    party, but disclosed to the public); (2) any document disclosed according to the rules or regulations of applicable laws or
    the stock exchange; (3) the documents required to be disclosed to their legal adviser or financial consultant of any contracting
    party for the transactions under the terms of the agreement, with such legal advisor or financial consultant required to follow
    the confidentiality provisions in the agreement as well. The behavior of the staff of any contracting party or the institute
    employed by such contracting party to disclose the confidential documents shall be deemed as the behavior of such contracting
    party. Besides, such contracting party shall undertake the responsibilities for the defaults to their staff or such institute
    according to the agreement. Even if the agreement expires, is revised, canceled, terminated or not implemented, the terms
    shall remain effective. 

 

    	3

    	 

    

 

	11.	The
    agreement is governed and interpreted by Chinese laws. 

 

	12.	When
                                         all contracting parties have any dispute about the interpretation and implementation
                                         of the terms under the agreement, all contracting parties shall kindly negotiate and
                                         solve the dispute. If the negotiation fails, either party can submit relevant dispute
                                         to China International Economic and Trade Arbitration Commission for arbitration according
                                         to the effective arbitration rules then. The arbitration site is Shenzhen and the language
                                         used for the arbitration is Chinese. The arbitration decision is final and binding to
                                         all contracting parties. The regulation of the provision shall not be affected by the
                                         termination or removal of the agreement.

         

        Except
        the matters about the appearance of disputes, all contracting parties shall continue to implement their obligations according
        to the regulations of the agreement based on the Principle of Good Faith.

 

	13.	The
    agreement has been signed by the representatives formally authorized by all contracting parties on the date providing in the
    first part of the agreement and shall take effect since the day. 

 

	14.	Notwithstanding
    the foregoing regulation in Article 13 in the agreement, all contracting parties shall confirm that the agreement has constituted
    the entire agreement reached by all contracting parties for the subject in the agreement, and shall replace all verbal and/or
    written agreement and understanding reached as to the subject of the agreement by all contracting parties before or at present.
    

 

	15.	The
    validity period of the agreement shall be ten (10) years, unless the agreement is terminated according to the agreement or
    related provisions of any other agreement signed by all contracting parties in advance. The validity period of the contract
    cannot be extended only when Party B confirms in a written form. Besides, Party B shall make the confirmation of the item
    before the validity of the period is expired. As for the specific extension time of the period of validity, it shall be decided
    by all contracting parties through negotiation. Within the above period, if Party A or Party B terminates within the expiration
    of term of operation (including any extended operation term) or for any other reason, the agreement shall terminate as well,
    unless Party A or Party B has transferred their rights and obligations according to the regulations of Article 9 in the agreement.
    

 

	16.	Unless
    according to the renewal of related regulations of the agreement, the agreement shall terminate on the maturity date. Within
    the period of validity of the agreement, Party B shall not terminate the agreement. Notwithstanding the forgoing, Party A
    shall have the right to notify Party B thirty (30) days in advance in the written form of terminating the agreement any time.
    

 

	17.	The
    agreement is in triplicate, with each contracting party holding one original copy, and all original copies shall have the
    same legal force. 

 

[Signing
page below]

 

    	4

    	 

    

 

All
contracting parties have demanded their own legal person and their representatives formally authorized to formally sign the agreement
on the date stated in the first part of the agreement. This is hereby to prove. 

 

	Party
    A:	CXJ
    (Shenzhen) Technology Co., Limited	 
	 	 	 	 
	 	 Signature: 	 /s/
    Lixin Cai 	 
	 	Name:	 Lixin
    Cai 	 
	 	Position:	 Legal
    representative, Director 	 
	 	 	 	 
	 Party
    B: 	CXJ
    Technology (Hangzhou) Co., Limited 	 
	 	 	 	 
	 	 Signature: 	 /s/
    Lixin Cai 	 
	 	Name:	 Lixin
    Cai 	 
	 	Position:	 Legal
    representative, Director 	 
	 	 	 	 
	Party
    C: 	 Lixin
    Cai 		 
	 	 Signature: 	 /s/
    Lixin Cai 	 
	 	China’s
    Id Card No.: 330501198809306554	 
	 	 	 
	 	 Dated:
    May 28, 2020

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00316-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00316-of-00352.parquet"}]]