Document:

Exhibit 4.36

 

	BF—2005—0117	Contract
No.:

 

Beijing Commodity Housing Presale

Contract

 

(Non-residential properties including

commercial/office houses) 

 

Seller:  Beijing
Jingkai-Gongda Investment Management Co., Ltd.

 

Buyer:  Tarena Software Technology (Hangzhou) Co., Ltd.

 

Beijing Municipal Housing and Urban Construction
Committee

 

Beijing Municipal Industrial and Commercial
Administration Bureau

 

Revised
in Oct. 2010

 

Printed on    Day    Month  
Year

 

    	 	1	 

     

    

   

 Instructions

 

1. This contract is a model contract formulated
jointly by the Beijing Municipal Construction Committee and the Beijing Municipal Industrial and Commercial Administration Bureau.

 

2. Before signing of the presale contract,
the Seller shall show the Buyer the presale license of commodity housing and other related certificates and certifying documents.

 

3. The contracting parties shall conclude
the contract on the basis of the principle of free will, fairness and good faith and honesty, and neither party may impose its
will on the other party. The two parties may alter, supplement or delete contents of the articles of this contract text. After
this contract comes into force, the printed contents of this text without alteration are to be deemed as stipulation made by the
parties

 

4. Before execution of the commodity housing
presale contract, the Buyer shall review the articles of the contract prudently, especially those alternative, supplementary contents
and those filled or altered contents.

 

5. In order to present the principles of
free will of contracting parties, there are blanks following some articles of this contract text, left for supplementary stipulation
made by both parties separately. For any matters not covered or not stipulated sufficiently in this contract, the Seller and the
Buyer may conclude supplementary agreements on a fair and reasonable basis and in light of the specific conditions of the sold
housing, or make supplementary stipulations in the blanks following relevant articles.

 

6. With respect to the alternative contents
in [ ] and the contents to be filled in blanks in this contract text, and other contents to be deleted or supplemented, the contracting
parties shall make determination through negotiation. To select the items in [ ], please make a √. If any content does not
refer to the actual case or the parties do not make stipulation, the parties shall delete such content by making a × in the
blanks.

 

7. If any dispute arises between the two
parties from the performance of this contract, they may either lodge a lawsuit to the people’s court of the place where the
property is located, or apply to relevant arbitration commission for arbitration. If the parties select arbitration, they may apply
to the Beijing Arbitration Commission, the China International Economic and Trade Arbitration Commission, or those arbitration
commissions of places beyond Beijing.

 

8. The contracting parties may determine
the number of original copies of this contract in light of the actual conditions, and must check the copies prudently so as to
ensure that the contents in every copy are identical. Under any circumstance, the buyer shall hold at least one original copy of
this contract.

 

    	 	2	 

     

    

 

Beijing Commodity Housing Presale

Contract

 

(Non-residential
properties including commercial/office houses)

 

Seller:  Beijing  Jingkai-Gongda
Investment Management Co., Ltd.

Address: 4/F Building 2, Unit A, No. 1
Disheng Northern Street, Beijing Economic-Technological Development Area, Beijing, China

Postal Code:  100176

Registration number of Business License:
110302003481318

Enterprise qualification certificate No.:
JK-A-3352

Legal Representative:  Zhou Shiyi      
Tel.:  67862520

Entrusted Agent:                    
Tel.:                                

Entrusted Sales Agency: Beijing Jingkai-Yicheng
Investment Consultant Co., Ltd.

Address: 1/F Building 2, Unit A, No. 1
Disheng Northern Street, Beijing Economic-Technological Development Area, Beijing, China

Postal Code:                                                    

Registration number of Business License:  110302012140425

 

Buyer:  Tarena Software Technology
(Hangzhou) Co., Ltd. 

[Legal Representative]
[Principal]: Han Shaoyun  Nationality:   China     

Registration number of Business License: 330100400045853

Date of birth:                            ,
Gender:                         

Address: 1/F Unit A of Shixun Building,
No. 65 Kejiyuan Rd., Baiyang Subdistrict, Hangzhou Economic & Technological Development Area, Hangzhou, China

Postal
Code:                    Tel.:                                                    

[Legal representative] [Authorized agent]Nationality:

[ID Card No.] [Passport No.] [ ]:

Date of birth:                            ,
Gender:                                                    

Address:

Postal
Code:                    Tel.:                                                    

 

    	 	3	 

     

    

 

In accordance with the Contract Law of
the People’s Republic of China, the Law of the People’s Republic of China on Administration of Urban Real Estate, the
Measures on the Administration of Urban Real Estate Transfer in Beijing and other relevant laws and regulations, the Seller and
the Buyer, on the basis of equality, voluntariness and fairness and through negotiations, do hereby agree as follows with respect
to the purchase and sale of commercial house:

 

Article 1 Reference for Project Construction

 

The Seller has obtained the state-owned
land use right of the plot located at D1F1 of the Beijing Economic-Technological Development Area through transfer of
land use right and acquired the Certificate of Real Estate Title through legal registration of the use right. The number of
the certificate is: No. 00008 (2015 Chu) and the land area is: 54,928.2 square meters, and the purpose of the land
where the commodity house purchased by the Buyer  (hereinafter refers to as “the Commodity House”) is located
is for _F2 public mixed-use residentials; the term for land use will start on Dec.12, 2011 and end on Dec.11,
2061. The number of Contract for State-Owned Construction Land Use Right Assignment: No. 32 JJGTCR[H]Z(2011). The purpose
of the land where the Commodity House is located is for composite, commercial, residential types, and the term for land use right
assignment starts on Dec.12, 2011 and end on Dec. 11, 2061.

 

Upon approval, the Seller has invested
to build the commodity housing on the said land lot mentioned above, with a temporary name of Beijing Jiangkai One Center,
the Construction Engineering Planning Permit number of No. 0032 [2014 G(K)JZ] , and the Construction Engineering Working
License number of No. 0050 [2014]S[J]JZ; the starting date of the construction stipulated in the Contract shall be Jul.
16, 2014 and the completion date will be Feb. 21, 2016.

 

Article 2 Reference for Sales

 

The commodity housing has been approved
to be qualified for presale by the Economic and Technological Development Zone Branch of Beijing Municipal Bureau of Land and
Resources, with the Presale License number of No. 4 JFSZZ (2016)K.

 

Article 3 Basic Information

 

The architectural
structure of main building where the Commodity Houses are located is: reinforced concrete
structure; and the building consists of 10 storeys, including an over-ground part of 9_ floors and an underground
of 1 floor.

 

The commodity housing refers to No.____
Unit____ Floor____ Building [B7] mentioned in the item of Article 1. The room number as a  [Approval Number]
[Temporary Number] now will be subject to the final number approved by the Administration Department of Public Security; References
can be made to Annex 1 for the housing plan and location plan in the whole building.

 

The
purpose of this commodity housing is to be office house: the floor height of the Commodity House is    
meters, [net height of the slope roof] the minimum height:  X meters, the maximum height:  X
meters. The orientation of the commodity housing is:   X ; there are  X  balconies,
of which   X  enclosed balconies and  X  unclosed
balconies.

 

    	 	4	 

     

    

 

The
Seller entrusts a mapping institution of Beijing
Jingheng Real Surveying Technology Co., Ltd to predict that the building area of the Commodity House is 8,169.39 square
meters totally, which includes 6884.32 square meters of interior building area and 1285.07 square meters of public
share building area. References can be made to Annex 2 for the introduction of the public share building area.

 

When both parties sign the Contract, the
construction progress status of the commodity housing building is      .

 

The floor height mentioned in this article
refers to the vertical distance between an upper floor and a lower floor or between the floor and the ground. The net height refers
to the vertical distance between a floor and the soffit of the upper floor or between the ground and the underside of the suspended
ceiling.

 

Article 4 Reference for Mortgage

 

The mortgage condition of this House is:
2, 3.

 

1. The land use right shared by this House
and the construction in progress are not set to mortgage.

 

2. The land use right shared by this House
has been set to mortgage, with the mortgagee of the Beijing Economic and Technological Development Zone Branch of Industrial
& Commercial Bank of China Ltd. at the mortgage registration department of the Housing and Land Administration Bureau
of Beijing Economic and Technological Development Zone on the date of Apr. 20, 2015.

 

3. The construction in progress of this
House has been set to mortgage, with the mortgagee of the Beijing Economic and Technological Development Zone Branch of Industrial
& Commercial Bank of China Ltd. at the mortgage registration department of the Housing and Land Administration Bureau
of Beijing Economic and Technological Development Zone on the date of Apr. 20, 2015.

 

The presale certificate of this House and
other covering mortgage approved by the mortgagee refers to Annex 3.

 

Article 5 Pricing Mode and Purchase
Price

 

As for commodity houses except for single-family
villas, entire buildings, garage (carport) , the Seller and the Buyer shall agree to calculate the price of the Commodity House
according to the 1st method below.

 

If the Commodity House type is [single-family
villa], [entire building], [garage] or [carport], the Seller and the Buyer shall agree to calculate the price of the Commodity
House according to the 1st method below.

 

1. According to the interior building area,
the Commodity House can be priced to be  ___X__ Yuan per square meter, with the total price of RMB ONE
HUNDRED AND EIGHTEEN MILLION THREE HUNDRED THOUSAND Yuan ONLY .

 

2. According to the building area, the
Commodity House can be priced to be ___ ____ ____ __RMB Yuan per square meter, with the total price of RMB ___ BILLION
_____ HUNDRED ______ MILLION __ _____ HUNDRED AND __   ___ THOUSAND _____ HUNDRED ______ Yuan ONLY.

 

3. According to the suite (unit), the total
price of the Commodity House can be priced to be _________X__ BILLION __X___ HUNDRED ___X____ MILLION
__ X______ HUNDRED AND __ X  ___ THOUSAND __X____ HUNDRED ___X_____ Yuan ONLY.

 

4. According to ___ X___, the
total price of the Commodity House can be priced to be  BILLION __X___ HUNDRED ___X____ MILLION __ X______
HUNDRED AND __ X  ___ THOUSAND __X____ HUNDRED ___X_____ Yuan ONLY.

 

    	 	5	 

     

    

 

For the detailed agreement on terms of
pricing and cost, see the Annex 4.

 

The building area in this article refers
to the horizontal projected area of each floor above the outside wall plinth of a permanent building with the floor height of over
2.20 meters (including 2.20 meters), including balconies, overhanging corridors, basements, and exterior stairs and so on, which
is also roof covered and stably constructed.

 

The interior building area refers to the
usable area, wall covering and balcony areas in total inside each unit of the commodity house.

 

Article 6 Payment Term and Deadline

 

The Buyer shall pay for the Commodity House
by the following 1st method

 

1. Lump-sum settlement.

2. Installment payment

3. Credit payment: [commercial loan] The
Buyer can pay ___/___ % of the total price of the Commodity House as down payment, and then pay the balance by credit from
[    /   ].

4. Other methods.

 

References can be made to Annex 4 for the
agreement on the detailed payment terms and deadline.

 

Article 7 Supervision and Management
on Presale Funds

 

According to the provisions of the Interim
Measures of Beijing on Supervision and Management of Pre-sale Funds for Commodity Houses, the pre-sale funds of the Commodity
House shall be supervised by the bank: Beijing Economic and Technological Development Zone Branch of ICBC, with the special
account name of Beijing Jingkai-Gongda Investment Management Co., Ltd (One Center) and the special account number: 0200059029200318384.
When the commodity house is pre-sold, the Buyer shall deposit the house purchase price directly into the special account. In case
the Buyer applies for a mortgage, the Seller shall provide the special account for receiving the loan.

 

Article 8 The Seller shall guarantee
that the Commodity House for sale is not involved in any dispute of ownership. In case of the inability to handle ownership registration
or occurrence of credit and debt disputes, the seller shall undertake all the responsibilities.

 

Article 9 Agreements on Planning Alteration

 

The Seller shall build the Commodity House
according to the conditions stipulated in the Construction Planning Permit approved and issued by the Planning Administration Department
and cannot alter the planning without authorization.

 

If the Seller wants to alter the conditions
stipulated in the Construction Planning Permit, the Seller should obtain the agreement of the affected buyers in writing, as well
as the approval of the Planning Administration Department. For the losses of the buyer’s interests caused by the planning
alteration, the Seller should provide the corresponding compensation.

 

Article 10 Agreements on Design Alteration

 

I. With the approval of the design inspection
unit entrusted by the Planning Administration Department, The following alterations on the construction design documents which
will affect the quality and use functions of the Commodity House, the seller should inform the buyer by written notice within 10
days after the approval of the design inspection unit.

 

1. The construction, layout, space dimension
and orientation of the Commodity House;

 

    	 	6	 

     

    

  

2. Heating methods.

 

If the seller doesn’t inform the
buyer within the stipulated time, the buyer has the right to cancel the order.

 

II. The buyer should reply in written whether
to cancel the order or not within 15 days after receiving the notice. If the buyer doesn’t give any reply within 15 days
after receiving the notice, it will be deemed that the purchaser accepts the alterations.

 

III. If the Buyer wants to refund the
house, the Buyer shall, within 30 days after effectively delivering the Refund Notice to the Seller, sign all documents necessary
to cancel the pre-sale contract (including but not limited to the written agreement to cancel this contract, and the Power of Attorney
necessary for undergoing formalities to cancel the registration of this pre-sale contract).  The seller shall, within
30 days after the above documents necessary to cancel the pre-sale contract take effect, refund the paid house purchase price to
the Buyer, and shall pay an interest at the demand deposit interest rate specified by the People's Bank of China for the same period.

 

If the Buyer does not refund the house,
the Buyer shall separately enter into a supplementary agreement with the Seller within 30 days after receiving the written notice
from the Seller. If the Buyer neither undergoes formalities to cancel the pre-sale contract nor enters into a supplementary agreement
with the Seller within the above said time period, it shall be deemed that the Buyer accepts the changed plan and design, and agrees
to carry out acceptance examination and take-over of the house as scheduled.

 

Article 11 Purchaser’s Responsibility
for Breach of Contract Due to Overdue Payment

 

If the Buyer fails to make the payment
in the stipulated time, the 1st method will be complied with:

 

1. Handle separately according to the overdue
period, ((1) and (2) are not cumulative)

 

(1) If the overdue period is less than
30 days, the Buyer shall pay 0.006 percent of the overdue payment per day within 7 days after the actual payment
date to the Seller as a penalty from the second day after the payment deadline stipulated in this contract to the actual payment
date, and the contract continues to be effective.

 

(2) If the overdue period is over 30
days (this date shall be the same as the date mentioned in Item (1), the Seller has the right to terminate the contract. If
the Seller terminates the contract, the Buyer shall pay 3 percent of the accumulative payables to the Seller as a penalty
within_7_days after receiving the notification of terminating the contract, and the Seller shall return the total effected
payment to the Buyer. If the Buyer is willing to continue performing the contract, the contract will continue to be effective with
the approval of the Seller. From the second day after the payment deadline stipulated in this contract to the actual payment date,
the purchaser shall pay 0.006 percent (This rate should be no less than the rate stipulated in the item (1)) of the overdue
payment per day within 30 days after the actual payment date to the Seller as a penalty.

 

The overdue payment in this article refers
to the balance between the due payable stipulated in Article Six of this contract and the actual payment in that term. If installment
payment is adopted, the overdue payment shall be decided by the balance between the due installment and the actual payment in that
term.

 

2._______________________________X____________________________

 

    	 	7	 

     

    

  

Article 12 Delivery Term

 

I. The seller shall deliver the Commodity
House before the date of Jul. 31, 2016. However, in case of force majeure or the influence of national policy or government action,
the above house delivery time shall postpone accordingly, provided that the seller shall promptly notify the special circumstances
to the Buyer in writing after the occurrence of such circumstances.

 

II. When delivered, the Commodity House
should meet the conditions of the following Items .

 

1. The Measured Area Report of the commodity
House issued by a qualified real estate mapping organization;

 

2. The infrastructure conditions undertaken
by the Seller in Article 13 should be met;

 

3. The Buyer shall have paid the full
house purchase price agreed in this Contract to the Seller.

 

Article 13 Promise of the Seller on
the Infrastructure and Other Facilities

 

The Seller promises that the infrastructure
and other facilities directly related to the normal usage of this House should meet the following conditions by the appointed date:

 

1. Municipal infrastructure

 

(1) Water supply lines and sewers: shall
meet the use requirements by Mar. 30, 2016

(2) Municipal two circuit feeding: shall
meet the use requirements by Mar. 30, 2016;

(3) Heating: shall meet the use requirements
by the date of Mar. 30, 2016;

(4) Gas:
shall be available for use by     ×;

(5) Telephone: the ports shall be reserved
in place by the date of Mar. 30, 2016, and will be reported for installation by customers;

(6) TV network: the ports shall be reserved
in place by the date of Mar. 30, 2016 and will be reported for installation by customers;

If the above conditions haven’t been
realized by the stipulated date, both parties can handle according to the following methods:

(1) It shall be handled according to
the Seller's Responsibility for Breach of Contract Due to Overdue Delivery;

(2) __________________________________X_______________________.

 

2. Other facilities

 

(1) Public green spaces: shall be available
for use by Jul. 30, 2016;

(2) Public roads: shall be available
for use by Jul. 30, 2016;

(3) Public parking lots: shall be available
for use by Jul. 30, 2016;.

 

If the above conditions haven’t been
realized by the stipulated date, both parties shall agree to handle according to the following methods:

 

(1) It shall be handled according to
the Seller's Responsibility for Breach of Contract Due to Overdue Delivery

 

(2) __________________________________X_______________________.

 

3.
If the delivery time of municipal infrastructure and other facilities promised by the Seller is delayed
due to force majeure or the influence of national policy or government action, such delivery time shall postpone accordingly.

 

    	 	8	 

     

    

 

Article 14 Seller’s Responsibility
for Breach of Contract Due to Overdue Delivery

 

Except for the force majeure, if the Seller
cannot deliver the Commodity House to the Buyer according to the deadline and conditions stipulated in Article 12 of this contract,
the following Method 1 can be complied with:

 

1. Handle separately according to the overdue
period, ((1) and (2) are not cumulative)

 

(1) If the overdue period is less than
30 days (the time should be no less than the time mentioned in Item (1) of Article 10), the Seller shall pay 0.006 percent
(This rate should be no less than the rate stipulated in the item (1) of Article 10) of the effected payment per day within
7 days after the actual delivery date to the Buyer as a penalty from the second day after the delivery deadline stipulated
in this contract to the actual delivery date, and the contract continues to be effective.

 

(2) If the overdue period is over 30
days (this date should be the same as the date mentioned in Item (1), the Buyer has the right to terminate the contract. If
the Buyer cancels the order, the Seller shall return the total effected payment to the Buyer, as well as 3percent of the
effected payment to the Buyer as a penalty, within_7_days after receiving the notification of cancelling the order. If the
Buyer requires to continue performing the contract, the contract will continue to be effective. From the second day after the delivery
deadline stipulated in this contract to the actual delivery date, the Seller shall pay 0.006 percent (This rate should be
no less than the rate stipulated in the item (1)) of the effected payment per day within 7 days after the actual delivery
date to the Buyer as a penalty.

 

2. If the delivery time of municipal
infrastructure and other facilities promised by the Seller is delayed due to force majeure or the influence of national policy
or government action, such delivery time shall postpone accordingly.

 

Article 15 Solutions on Area Discrepancy

 

When delivering the Commodity House, the
Seller shall demonstrate the Commodity Housing Area Mapping Report issued by the entrusted qualified Real Estate Mapping organization,
and provide the actual measured area of the Commodity House to the Buyer (Hereinafter refers to as the Measure Area). If there
are any discrepancy between the Measure Area and the predicted area stated in Article 3, both parties will agree to handle in accordance
with Method   1:

 

1. According to the agreement on the pricing
mode of the interior building area in Article 5, both parties shall agree to handle in accordance with the following principles:

 

(1) If the absolute discrepancy rate of
the interior building area is within 3% (including 3%), it can be settled the payment of the Commodity House according to the fact;

 

(2) If the absolute discrepancy rate of
the interior building area exceeds 3%, the Buyer has the right to cancel the order.

 

If the Buyer cancels the order, the Seller
must return the effected payment to the Buyer within 30 days after receiving the notification of canceling the order, and pay the
corresponding interest rates according to the interest rate of individual housing loan issued by the People Bank of China in
the corresponding period.

 

If the Buyer doesn’t cancel the order,
when the Measured Area of the interior building area is larger than the predicted area with the discrepancy rate within 3% (including
3%), the Buyer shall pay for the extra area; while if the discrepancy rate exceeds 3%, the cost of the extra area will be borne
by the Seller and the ownership belongs to the Buyer. When the Measured Area of the interior building area is smaller than the
predicted area with the discrepancy rate within 3% (including 3%), the Seller shall return the cost of the less area to the Buyer;
while if the discrepancy rate exceeds 3%, the Seller shall return twice more than the cost of the less area to the Buyer.

 

    	 	9	 

     

    

 

The absolute discrepancy rate of the interior
building area =

	The Measured Area – The Predicted Area	 
	The Predicted Area	x100%

 

2. According to the agreement on the pricing
mode of the interior building area in Article 5, both parties shall agree to handle in accordance with the following principles:

 

(1) If the absolute discrepancy rates of
the building area and the interior building area both are within 3% (including 3%), it can be settled the payment of the Commodity
House according to the fact;

 

(2) If either of the absolute discrepancy
rates of the building area and the interior building area exceeds 3%, the Buyer has the right to cancel the order.

 

If the Buyer cancels the order, the Seller
must return the effected payment to the Buyer within 30 days after receiving the notification of canceling the order, and pay the
corresponding interest rates according to the interest rate of current deposit interest rate of the People's Bank of China_.

 

If the Buyer doesn’t cancel the order,
when the Measured Area of the building area is larger than the predicted area with the discrepancy rate within 3% (including 3%),
the Buyer shall pay for the extra area; while if the discrepancy rate exceeds 3%, the cost of the extra area will be borne by the
Seller and the ownership belongs to the Buyer. When the Measured Area of the building area is smaller than the building area stipulated
in the contract within 3% (including 3%), the Seller shall return the cost of the less area to the Buyer; while if the discrepancy
rate exceeds 3%, the Seller shall return twice more than the cost of the less area to the Buyer.

 

The absolute discrepancy rate of the building
area =

	The Measured Area – The Predicted Area	 
	The Predicted Area	x100%

  

3. Both parties can achieve the agreements
by themselves:

 

_______________________________X_____________________________
..

 

Article 16 Handling-over Procedure

 

I. Delivery of the House means that the
Seller sends the Move-in Notice for delivery of the Commodity House after its acceptance by the construction surveying, design
and engineering supervision institutions etc.

 

After the Commodity House meets the delivery
conditions stipulated in Article 12, the Seller shall inform the Buyer in written within 7 days before the delivery date of the
handling-over time and place, as well as the required credentials. In the acceptance of the handling-over, the Seller shall demonstrate
the certifications stipulated in Article 12, as well as those certificating the Commodity House meet the other conditions stipulated
in Article 12. If the Seller cannot demonstrate the certifications or the certifications are not complete, or the other conditions
in Article 12 haven’t been met, the Seller has the right to accept the Commodity House; and the Seller shall take the responsibility
for breach of contract due to overdue delivery, which will be handled according to Article 14.

 

    	 	10	 

     

    

 

If the Buyer finds any item needing repair
during the process of receiving the house, the Buyer shall require the Seller to repair it according to the provisions of this
Contract .However, Such item shall not constitute a reason for the Buyer to refuse or delay the house take-over formalities, or
to ask the Seller to bear the liability for breach of contract for overdue delivery.

 

II. If the take-over formalities cannot
be undergone on time due to the Buyer’s reason, the Seller shall not bear the liability for breach of contract for overdue
delivery, and both parties agree to settle this in the following way:

 

If the Buyer fails to undergo the receiving
formalities within the notified time period after the Buyer receives or shall receive the “Move-in Notice”  from
the Seller, or fails to complete the receiving formalities within 30 days after receiving the notice, it shall be deemed that the
Buyer has received this commodity house at the time and in the place as stipulated in the “Move-in Notice” and according
to the delivery conditions agreed in this Contract. Any damage, loss and other risks of the commodity house shall be transferred
to the Buyer from the time of house receiving stipulated in the Move-in Notice. Relevant costs of this commodity house, including
all taxes and fees, property management fees, heating costs and other incidental expenses occurring from the receiving time stipulated
in the Move-in Notice shall all be borne by the Buyer. The Buyer shall bear the loss or additional costs sustained by the Seller
due to the Buyer delaying in undergoing the receiving formalities. If the Buyer fails to undergo or complete the receiving formalities
more than one year overdue, the Seller shall have the right to cancel this Contract, take back the commodity house and dispose
of it otherwise. The Buyer shall support the Seller in undergoing relevant formalities to cancel the Contract. The Seller shall
refund the remaining house purchase price paid by the Buyer after deducting all relevant costs which shall be borne by the Buyer
according to this Contract as well as liquidated damages equal to 3% of the total purchase price. In addition, the Buyer shall
also compensate the Seller for all losses arising herefrom.

 

III. Both parties shall agree to pay the
taxes according to the following Methods 1, 2:

 

1.  The Buyer shall agree to
entrust the Seller to pay the following taxes of (5), and entrust the property service enterprise to collect the 3rd
of the following fees on behalf of it, and pay the aforesaid taxes to the Seller and the property service enterprise while receiving
the commodity house.

 

(1) Special housing maintenance funds;

(2) Contract tax;

(3) Heating fees

(4) Stamp tax of the Title Certificate;

(5) Other relevant fees for handling
house acceptance

 

2. The Buyer shall pay the following taxes
of (2) and (4) to the related departments and show the vouchers to the Seller when accepting the Commodity House.

 

(1) Special housing maintenance funds;

(2) Contract tax;

(3) Heating fees

(4) Stamp tax of the Title Certificate;

(5) Other relevant fees for handling
house acceptance

 

    	 	11	 

     

    

 

Article 17 Agreement on the Quality,
Ornament and Facility Standard of the House

  

I. The Seller shall promise that the building
materials and the components of the House are qualified and the House quality meet the requirements of the construction quality
specifications and standards issued by the state and Beijing Municipal Government and the Construction drawing documents.

 

II. The Seller and the Buyer agree on the
following items:

 

1. If the foundation basis and main structure
quality of this House are detected to be unqualified, the Buyer has the right to cancel the order within 60 days. If the Buyer
cancels the order, the Seller must return all the effected payment to the Buyer within 60 days after receiving the notification
of canceling the order, and pay the corresponding interest rates according to the interest rate of individual housing loan issued
by the bank in the corresponding period, and also compensate the Buyer for the corresponding losses if necessary. Hence, the
detection charge will be at the Seller’s expenses.

 

If the Buyer chooses not to refund the
house, or if the commodity house has been delivered and used for more than 60 days, the Buyer shall sign a supplemental
agreement with the Seller.

 

2.  When delivering the House
after the units of construction, investigation and design, as well as the builders and Engineering Project Supervisor, have passed
the acceptance inspection, the Seller shall check the House for acceptance together with the Buyer; if any other problems, both
parties shall agree on the Method (3):

 

(1) The Seller shall deliver the repaired
House within × days. The Seller shall take the responsibility for breach of contract due to overdue delivery, which
will be handled according to Article 14.

 

(2) The Seller shall be responsible to
repair the House within × days after the delivery date according to the national and municipal regulations and standards
related to the engineering quality, account for the repairing expense and compensate the Buyer for the corresponding losses.

 

(3) After the Commodity House meets the
delivery and use conditions specified in the pre-sale contract, the Buyer shall have the right to conduct on-site inspection on
this commodity house. If the Buyer finds any item needing repair in such inspection, the Seller shall repair it, until the commodity
house meets the requirements of relevant regulations and standards of the country or the city on project quality, and shall bear
the cost of repair. The Buyer shall not refuse to receive this commodity house just because of this.

 

3. The ornaments and facilities of the
delivered House shall meet the contracted standard. If fail to meet the standard, the Buyer has the right to request the Seller
to manage it according to the following Methods (1) and (2):

 

(1) If the decoration or equipment standard
of the Commodity House delivered by the Seller is lower than the agreed one, the Seller shall compensate double the price differences
of the ornaments and facilities;

 

(2) If the decoration or equipment standard
of the Commodity House delivered by the Seller is higher than the agreed one, the Seller may not notify the Seller, but the Seller
shall not charge any additional fees for this, and the Buyer shall not refuse to receive this commodity house just because of this,
and shall not require the Seller to bear the liability for breach of contract.

 

References can be made to Annex 6 for the
detailed agreements on the ornament and facility standard.

 

III. When the Seller and the Buyer have
any disputes on the construction quality, either party can entrust a qualified detection organization of construction engineering
quality for test; and both parties shall have the obligation to cooperate with each other to detect the House.

 

    	 	12	 

     

    

 

If it is tested to be qualified, the test
costs shall be borne by the Buyer. Otherwise, the test costs shall be borne by the Seller.

 

Article 18 Responsibility for Housing
Warranty

 

I. Both Parties agree on the scope of warranty,
warranty period and warranty liability in detail in Annex VII of this Contract. The scope of warranty and warranty period must
meet applicable laws and regulations of the country and Beijing City, as well as the requirements of relevant standards and codes.

 

II. When the House has any quality problem
within the warranty scope in the warranty period, if both parties have contracted to cancel the order, it shall be subject to the
contract; while if both parties haven’t contracted to cancel the order, the Seller shall perform the obligation of warranty
and the Buyer shall cooperate. If the loss is not caused due to the Seller, the Seller will not be responsible for it.

 

Article 19 Energy-efficiency Measures
for the House

 

The Commodity House shall meet the requirements
of the Design Standard for Energy Efficiency of Public Buildings  of the country and Beijing city. Otherwise, the Seller
shall make up energy efficiency measures according to the requirements of relevant standards, and take charge of the total costs;
if it causes any losses to the Buyer, the Seller shall compensate for them.

 

Article 20 Building Sound Insulation

 

If the building sound insulation of the
Commodity House fails to meet the standard, the Seller shall make up construction sound insulation measures according to the requirements
of the planning and design, and shall bear all costs. If any damage is caused to the Buyer, the Seller shall bear the liability
for compensating the Buyer.

 

Article 21 Commitment on the Use

 

1. When using this House, the Buyer must
not change the main building structure, bearing structure and usage without authorization. Except for the agreements in the contract,
supplemental agreements and the annexes, the Buyer has the right to share the common parts and facilities related to the House
with other obligees and undertake the obligations according to the appointed areas of the common parts and shared buildings.

 

In case of any violation of the above
provisions, the Buyer shall bear relevant economic and legal liability arising herefrom. In addition, the Buyer shall not change
the public parts and facilities associated with this Commodity House without authorization. If the Buyer has changed  them
without authorization, the Buyer shall restore them immediately or no later than within 15 days after receiving a written notice
from the Seller, the property service enterprise or the party actually suffering loss, and shall compensate the Seller, the property
service enterprise or the party actually suffering loss for actual loss arising herefrom.

 

2. The Seller shall not arbitrarily change
the use nature of the public parts and facilities associated with the Commodity House. The Seller shall promise not to change the
planned purpose of the Commodity House, not to sell the Commodity House by dividing it, not to sell the Commodity House by means
of cost-returned sale or any such means in disguised forms, and not to sell the uncompleted Commodity House by the after-sale lease
guarantee or by any such means in disguised forms.

 

    	 	13	 

     

    

 

3. During the usage of the Commodity House,
the Buyer shall not arbitrarily change or destroy the appearance and current situations of the exterior eaves, building structure
and building roof. Otherwise, the Buyer shall unconditionally restore them to their original conditions according to the requirements
of the Seller or the property service enterprise. If this causes any loss to the Seller or a third party, the Buyer shall bear
all the compensation liability.

 

Article 22 Ownership Registration

 

I. Primary registration

 

The Seller shall get the ownership certificate
of the building of this House before Oct. 31, 2016. If the ownership certificate hasn’t been got within the time stipulated
in this Article due to the Seller, both parties agree to manage it according to the following Method 1:

 

1. The Buyer has the right to cancel the
order. If the Buyer cancels the order, the Seller must return all the effected payment to the Buyer within 60 days after
receiving the notification of canceling the order, and pay the interests at the rate of 3% of the total effected payment
to the Buyer. If the Buyer doesn’t cancel the order, the contract will continue to be effective; from the second day after
the deadline to get the ownership certificate from the actual date of getting the certificate, the Seller shall pay 0.006%
of the total effected payment per day to the Buyer as a penalty.

 

2.________________________________X__________________________
..

 

II. Transfer registration

 

1. After the House has been delivered for
use, both parties agree to manage it according to the following Method (2):

 

(1) Both parties apply to the registration
authority for the registration of ownership transfer. The fees for handling the registration of ownership shall be borne by the
Buyer.

 

(2) The Buyer agrees to entrust seller
or the entrusted agency_ to apply to the registration authority for the registration of ownership transfer with the entrust fee
of RMB _2,000_______ YUAN.

 

2. If the Buyer cannot get the ownership
certificate of the House within360 days after the delivery date due to the Seller, both partied shall agree to manage it according
to the following Methods:

 

(1) The Buyer has the right to cancel the
order. If the Buyer cancels the order, the Seller must return all the effected payment to the Buyer within 60 days after
receiving the notification of canceling the order, and pay the corresponding interest rates to the Buyer according to the interest
rate of individual housing loan issued by the bank in the corresponding period. If the Buyer doesn’t cancel the order,
from the second day after the deadline to get the ownership certificate from the actual date of getting the certificate, the Seller
shall pay 0.006% of the total effected payment per day to the Buyer as a penalty within7days after the actual date.

 

2. If the housing ownership certificate
cannot be obtained as scheduled due to the Buyer's responsibility (including but not limited to the Buyer failing to pay relevant
taxes and fees according to the requirements of relevant government departments, failing to submit relevant materials, or failing
to sign legal documents required for property rights, etc.), the Buyer shall be held responsible for it, and Seller shall assume
no liability for breach of contract.

 

    	 	14	 

     

    

 

3. If the Buyer fails to obtain the housing
ownership certificate after the expiry of the period specified by this Contract due to the fault of the Seller, the Buyer shall
have the right to notify the Seller whether to cancel this Contract or not within 60 days after the expiry of this period. If the
Buyer does not do so within this time period, the Buyer shall not notify the Seller to cancel the contract any more. This contract
shall be cancelled as of the date when the Buyer issues a written cancellation notice to the Seller.

 

4. If the Buyer cannot obtain the housing
ownership certificate within 360 days after this Commodity House has been delivered due to force majeure, national policy adjustment
or government action, the Seller shall not bear the liability for breach of contract.

 

Article 23 Agreement on Common Rights
and Interests

 

1. The use right of the roof of the House
building belongs to all the owners(the use right of the roof of each unit of a duplex building shall belong to the property owner
of each unit);

2. The use right of the exterior wall of
the House building belongs to all the owners; (the use right of the roof of each unit of a duplex building shall belong to the
property owner of each unit)

3. The naming right of the building where
the house is located shall belong to all proprietors of this building (the naming right of each unit of a duplex building shall
belong to the property owner of each unit);

4. The naming right of the Housing District
belongs to the Seller.

 

Article 24 Agreement on Ancillary Buildings
and Other Structures

 

Both parties agree to manage the ancillary
buildings and other structures of the House such as the underground garages and so on according to the following Method 2:

1. When the Seller presales the House,
the ancillary buildings of _X__, _ X__, _ X__ shall be transferred together with the House.

2. The Seller
shall disclose parking spaces on the ground and unshared public areas will not be transferred together with the House.

 

Article 25 Prophase Property Management
Service

 

I. The property management company selected
by the Seller according to law is: Beijing Jingkai Investment Advisor, Co., Ltd. with the qualification number of No. 0075 JWQZS
[2014].

 

II. During the prophase of property management,
the property service charge will be RMB 5.50 Yuan /month/m2 (building area), which will be charged by the property management
company annually. The charge includes cleaning fee of the property region, public order maintenance fee, daily maintenance fee
of public areas and facilities, greening maintenance fees, comprehensive management fees.

 

Therein to, the fees for parking on the
ground is 150 Yuan/month while the fees for underground parking is 400 Yuan/month. The above charging standard will be adjusted
according to national policy adjustment.

 

III. The property management company shall
charge the property service charge according to the Method 1.

 

1. Charge by year: the Buyer shall pay
for the charges before the date required by the service company.

 

2. Charge by half a year: the Buyer shall
pay for the charges before the dates of __X__ and __X__ each year separately.

 

    	 	15	 

     

    

 

3. Charge by quarter: the Buyer shall pay
for the charges before the dates of __X__, __X__, __X__ and __X__ each year separately.

 

IV. References can be made to Annex 8 for
the contents of property service and the owners’ temporary agreement. The Buyer should read all the content of Annex8 carefully
and agree that the property management service selected by the Seller will provide the prophase property service and the Buyer
will abide by the owners’ temporary agreement.

 

The preliminary property management period
mentioned in this Article shall refer to the period from the time when the first proprietor moves in to the time when all the proprietors
and the Project Owner complete the take-over of the property shared areas.

 

Article 26 Housing Maintenance Funds

 

If the Buyer entrusts the Seller to pay
the housing maintenance fund, the Seller shall give the Buyer the payment voucher within7days after the date of entrustment.

 

If the Buyer pays the housing maintenance
fund in person, the Buyer shall show the payment voucher to the property management company [at the delivery date of the house]
[within __X__ days after the delivery date].

 

Article 27 Exceptions

 

1. If the contract cannot be performed
according to the agreements due to force majeure, partial or total responsibility can be exempted according to the effect of the
force majeure; however, either party who cannot perform the contract due to force majeure should inform the other party in time
and provide proofs to the other party within60days after the end date of the force majeure event.

 

2. If the Seller cannot perform part or
all of the terms of the Contract due to the change of national policies or the behaviors of government, the Seller may be exempted
from partial or all liabilities, and shall inform the Buyer in time after the occurrence of the exemptions. The Buyer shall have
the right to choose to continue or terminate the performance of this Contract, but the Seller shall not bear the liability for
breach of contract.

 

Article 28 Dispute Settlement

 

If there are any disputes during the performance
of the contract, both parties shall settle it through negotiation or application for mediation; if fail through negotiation or
mediation, should sue to the Beijing Daxing District People’s Court according to relevant laws.

 

Article 29 This contract will come
into effect upon both parties’ signature. As for the issues excluded or stipulated unclearly or inapplicably in this contract,
both parties can sign written supplemental agreements for modification or supplementation according to the particular cases; but
if the supplemental agreements include any unreasonable articles to lighten or exempt the responsibility stipulated in this contract
of the Seller or to enhance the Buyer’s responsibility and remove the Buyer’s main rights, this contract will prevail.
The dissolution of this contract shall be made in written. The contract annexes and supplemental agreements bear the equivalent
legal force as this contract.

 

Article 30 The contract and its
annexes are totally ____ pages, in quintuplicate, with the equivalent legal force, the contract holding situation include
the followings:

 

TWO copies for the Seller, TWO
copies for the Buyer, _ONE_ copy for the Economic and Technological Development Zone Branch of Beijing Municipal
Bureau of Land and Resources.

 

    	 	16	 

     

    

  

Article 31 After the Seller and
the Buyer sign and seal this Contract, the Seller shall perform online recording for this commodity house pre-sale contract in
Beijing real estate transaction management system, and shall print and give one stamped copy of the online recording form to the
Buyer.

 

The formalities for the online recording
for this Commodity House Pre-sale Contract shall be completed within 7 days.

 

	Seller (signature and seal):	Buyer (signature and seal):
	/seal/ Beijing
    Jingkai-Gongda Investment	/seal/ Tarena Software
    Technology (Hangzhou) Co., Ltd.
	Management Co., Ltd.	
	 	 
	[Legal Representative]: /s/ Shiyi Zhou	[Legal Representative]:
	 	 
	[Entrusted Agent] (Signature):	[The Principal]:
	 	 
	[Entrusted Sales Agency]	[Entrusted Agent]
	(Signature and seal):	(Signature and seal):
	 	 
	Date:	Date:
    November 5, 2016
	 	 
	Place:	Place:

 

    	 	17	 

     

    

 

Annex 1: Floor plan and location plan
of the House in the entire building

 

 

	B1 office building	B13 office building	B11 office building	B10 office building	B9 office building
	 	 	 	 	 
	B2 office building	B14 office building	B12 office building	 	 
	 	 	 	 	 
	B3 office building	 	 	 	 
	 	 	 	 	 
	B4 office building	B5 office building	B6 office building	B7 office building  	B8 office building

 

    	 	18	 

     

    

 

Floor plan:

 

B7 floor plan (1/F)

 

 

    	 	19	 

     

    

 

B7 floor plan (2/F)

 

  

    	 	20	 

     

    

 

B7 floor plan (3/F)

 

 

    	 	21	 

     

    

 

 

B7 floor plan (4/F)

 

 

    	 	22	 

     

    

  

B7 floor plan (5/F)

 

 

    	 	23	 

     

    

  

B7 floor plan (6/F)

 

 

    	 	24	 

     

    

  

B7 floor plan (7/F)

 

 

    	 	25	 

     

    

 

B7 floor plan (8/F)

 

  

    	 	26	 

     

    

  

B7 floor plan (9/F)

 

 

    	 	27	 

     

    

 

B7 floor plan (ancillary accommodation)

 

 

    	 	28	 

     

    

 

Floor plan of underground garage, equipment
room and multi-functional hall at the office area

 

 

    	 	29	 

     

    

 

Annex 2: Description of apportioned
building area composition of commonly shared sections and commonly shared house

 

Description of B7 apportionment:

 

Description of building area apportionment
for commonly shared sections of B1 office building, other 15 items (Digital Technology Park) and B7 office building

 

I. Project description

 

B1 office building and other 15 items (digital
technology park) are located at D1F1 lot of Ludong District, Beijing Economic Technological Development Area, and B7 office building
is composed of ground 9 floors and provided with the reinforced concrete structure.

 

The distribution of functional zones in
B7 office building is as follows:

 

1. B7 office building: 1/F-9/F;

 

II. Details of commonly shared sections

 

(1) Commonly shared sections of B1 office
building, B2 office building, B3 office building, B4 office building, B5 office building, B6 office building, B7 office building,
B8 office building, B9 office building, B10 office building, B11 office building, B12 office building, B13 office building, B14
office building, parking stall of office building, mechanical parking stall of office building, multi-functional hall and tool
room common services;

 

1. Ground floor of underground garage,
equipment room and multi-functional room at the office area; air shaft 1, electric transformer and distribution room, TV room,
heat exchange station, fire pump room, reclaimed water pump room, living water pump room, fire control room, telephone network
machine room, duty room of electric transformer and distribution room and tool room of electric transformer and distribution room.

 

(2) Commonly shared sections of B7 office
services;

 

1. B7 office building 1/F: staircase, elevator
room, front room, aisle, hallway, toilet, air shaft, water well, plumbing well, power distribution room and half of outer wall;

 

2. B7 office building 2/F-9/F: staircase,
elevator room, front room, air shaft, water well, plumbing well, power distribution room and half of outer wall;

 

3. Ancillary accommodation floor of B7
office building: staircase, elevator machine room air shaft, plumbing well and door header;

 

4. Ground floor of underground garage,
equipment room and multi-functional room at the office area; force electricity engine room 7 and weak electricity engine room 7.

 

Beijing Jingkai-Gongda Investment Management
Co., Ltd.

 /s/ Beijing Jingkai-Gongda Investment
Management Co., Ltd.

 Date: Sep. 7, 2014

 

Apportionment description of underground
garage, equipment room and multi-functional hall at the office area

 

Description of building area apportionment
for commonly shared sections of underground garage, equipment room and multi-functional hall at B1 office building and other 15
items (digital technology park) at the office area

 

    	 	30	 

     

    

 

I. Project description

 

B1 office building and other 15 items (digital
technology park) are located at D1F1 lot of Ludong District, Beijing Economic Technological Development Area, and underground garage,
equipment room and multi-functional room at the office area are located at the ground floor and are provided with the reinforced
concrete structure.

 

The distribution of functional zones for
underground garage, equipment room and multi-functional room at the office area is as follows:

 

		1.	Parking stall of office building: ground floor;

		2.	Mechanical parking stall of office building: ground floor;

		3.	Multi-functional hall: ground floor;

		4.	Tool room: ground floor;

 

II. Details of commonly shared sections

 

(I) commonly shared sections of B1 office
building, B2 office building, B3 office building, B4 office building, B5 office building, B6 office building, B7 office building,
B8 office building, B9 office building, B10 office building, B11 office building, B12 office building, B13 office building, B14
office building, parking stall of office building, mechanical parking stall of office building, multi-functional hall and tool
room common services;

 

1. Ground floor of underground garage,
equipment room and multi-functional room at the office area; air shaft 1, electric transformer and distribution room, TV room,
heat exchange station, fire pump room, reclaimed water pump room, living water pump room, fire control room, telephone network
machine room, duty room of electric transformer and distribution room and tool room of electric transformer and distribution room;

 

(II) The apportionable commonly shared
sections of underground garage, equipment room and multi-functional room at the office area:

 

1. Commonly shared sections of parking
stall of office building, mechanical parking stall of office building, multi-functional hall and tool room common services;

 

(1) Ground floor of underground garage,
equipment room and multi-functional room at the office area; lane, elevator room, staircase, air shaft, ventilation room, front
room plumbing room, toilet, aisle and half of outer wall;

 

(III) Commonly shared sections of B1 office
services;

 

1. Ground floor of underground garage,
equipment room and multi-functional room at the office area; force electricity engine room 1 and weak current machine room 1.

 

(IV) Commonly shared sections of B2 office
services;

 

1. Ground floor of underground garage,
equipment room and multi-functional room at the office area; force electricity engine room 1 and weak current machine room 2.

 

(V) Commonly shared sections of B3 office
services;

 

1. Ground floor of underground garage,
equipment room and multi-functional room at the office area; force electricity engine room 1 and weak current machine room 3.

 

(VI) Commonly shared sections of B4 office
services;

 

1. Ground floor of underground garage,
equipment room and multi-functional room at the office area; force electricity engine room 1 and weak current machine room 4.

 

(VII) Commonly shared sections of B5 office
services;

 

1. Ground floor of underground garage,
equipment room and multi-functional room at the office area; force electricity engine room 1 and weak current machine room 5.

 

    	 	31	 

     

    

  

(VIII) Commonly shared sections of B6 office
services;

 

1. Ground floor of underground garage,
equipment room and multi-functional room at the office area; force electricity engine room 1 and weak current machine room 6.

 

(IX) Commonly shared sections of B7 office
services;

 

1. Ground floor of underground garage,
equipment room and multi-functional room at the office area; force electricity engine room 1 and weak current machine room 7.

 

(X) Commonly shared sections of B8 office
services;

 

1. Ground floor of underground garage,
equipment room and multi-functional room at the office area; force electricity engine room 1 and weak current machine room 8.

 

(XI) Commonly shared sections of B9 office
services;

 

1. Ground floor of underground garage,
equipment room and multi-functional room at the office area; force electricity engine room 1 and weak current machine room 9.

 

(XII) Commonly shared sections of B10 office
services;

 

1. Ground floor of underground garage,
equipment room and multi-functional room at the office area; force electricity engine room 1 and weak current machine room 10.

 

(XIII) Commonly shared sections of B11
office services;

 

1. Ground floor of underground garage,
equipment room and multi-functional room at the office area; force electricity engine room 1 and weak current machine room 11.

 

(XIV) Commonly shared sections of B12 office
services;

 

1. Ground floor of underground garage,
equipment room and multi-functional room at the office area; force electricity engine room 1 and weak current machine room 12.

 

(XV) Commonly shared sections of B13 office
services;

 

    	 	32	 

     

    

  

Annex 3: Certificate of commodity housing
sale approval from pledgee and related provisions of pledge parties

 

Statement of bank’s approval for
handling of commodity housing advance sale license for pledged houses

 

Housing and Land Administration
of Beijing Economic Technological Development Area:

 

Beijing Jingkai One
Center project (corresponding construction project planning license no.: 2014 G(K)JZ No. 0032), located at D1F1 lot at Ludong District,
Beijing Economic Technological Development Area, that is developed and constructed by Beijing Jingkai-Gongda Investment Management
Co., Ltd. has been pledged to our bank and our bank agrees the advance housing sale within the following pledge scope;

 

National land use certificate
number: JJGY (2015) No. 00008

Building number: B1-B14
office buildings

 

Notes:

 

1. The project name must be filled according
to the name approved by the Place Name Administration Office; the building number must be filled according to the building number
approved on the planning permit.

 

2. The pledge scope covers part of the
houses inside the building and the pledged house number shall be filled according to the building number.

 

Opening bank: Beijing Economic Technological
Development Area Branch of

Industrial and Commercial Bank of China Limited

 (Seal)

 

/s/ Beijing Economic Technological Development
Area Branch of Industrial and

Commercial Bank of China Limited

YY    MM    DD

 

    	 	33	 

     

    

 

Annex 4: Pricing mode and other provisions
of housing fund

 

1. Payment method: Lump
sum payment.

 

2. Total commodity
housing fund (in RMB) under the advance sale contract: one hundred and fourteen million six hundred thousand yuan (RMB 118,300,000),
will be paid by the Buyer once and for all to the Seller within 15 days after the signing of the advance sale contract and
the down payment of two hundred million yuan (RMB 2,000,000) already paid by the Buyer will automatically be converted
into the housing fund.

 

3. On the premise of
receiving the full housing fund from the Buyer, the Seller shall be obliged to handle the commodity housing handover procedures
with the Buyer in accordance with the agreement in Paragraph 1, Article 16 of the advance sale contract. If the Buyer fails to
pay the housing fund in due time, the Seller shall be entitled to delay the handling of commodity housing handover procedures with
the Buyer and shall not bear the default responsibilities arising from this.

 

4. After the advance
sale contract is signed, if the Buyer requests for changing to the bank mortgage loan, the Seller and the Buyer shall sign the
change agreement according to the related contents in Article 6 of the advance sale contract and Annex 4. The housing fund of the
Buyer shall be determined by the mortgage loan discount again and the total housing fund shall be calculated again.

 

    	 	34	 

     

    

 

Annex 5: Other provisions

 

1. Handling of property
rights:

 

If the Buyer entrusts
the Seller or the agent company designated by the Seller (hereinafter referred to “assignee”) with the registration
of property right during the occupancy settlement, the Buyer shall issue the letter of attorney to the assignee for handling of
commodity housing property certificate, provide all the data related to this and offer the necessary assistance during the handling
of property right by the Seller, including but not limited to, carry out the relevant procedures at the designated place jointly
with the Seller, pay the related fees according to the national provisions, provide the related data and sign the related legal
documents for handling of property right. The Buyer confirms that all fees required for handling of commodity housing property
certificate (including but not limited to deed tax, agency fee, property registration fee, property certificate stamp tax etc.)
shall be borne by the Buyer.

 

2. If either party
proposes to terminate the contract, the non-defaulting party shall be entitled to request continuing to perform the contract, unless
otherwise agreed in the advance sale contract. If the defaulting party refuses to continue the performance, it shall pay the liquidated
damages of three percent of the total house fund to the non-defaulting party according to the advance sale contract and
shall also bear the corresponding liabilities for loss incurred to the non-defaulting party.

 

3. The Buyer shall ensure
that the production and operation activities within the area under the jurisdiction of Beijing Jingkai One Center project
comply with the stipulations of laws, administrative regulations and rules of the related departments and won’t engage in
any illegal acts, otherwise the Buyer shall bear all legal, economic and administrative consequences, and shall compensate for
losses incurred to other proprietors or property management enterprises.

 

    	 	35	 

     

    

 

Annex 6: Provisions of decoration and
equipment standard

 

1. Heating system:

 

(1) Central heating:
fan coil;

 

(2) Brand of heating
equipment: ELCO.

 

2. Insulation materials:

 

(1) Outer wall insulation:
rock wool board.

 

3. Outer wall: mainly
composed of glass curtain wall and aluminum plate curtain wall, locally made of stone curtain wall.

 

4 Inner wall: concrete
wall surface extending to the structural layer, block wall surface extending to DP-HP bottoming mortar.

 

5. Ceiling:

 

1) B5/B7:
1/F-5/F, 7/F, 8/F: concrete structure, 6/F: concrete structure, locally coated steel sheet; 9/F: coated steel sheet;

 

2) B6/B10:
1/F-4/F, 6/F: concrete structure, 5/F: concrete structure, locally coated steel sheet; 7/F: coated steel sheet;

 

3) B11/B13:
1/F-5/F: concrete structure, 6/F: Al-Zn coated steel sheet;

 

4) B12/B14:
1/F-4/F: concrete structure, 5/F: Al-Zn coated steel sheet;

 

6. Indoor floor: concrete
structural layer.

 

7. Door and window:

 

(1) Opening mode: flat
opening;

 

(2) Profiles of door
and window: aluminum alloy thermal-break profiles.

 

8. Elevator:

 

(1) Elevator brand:
Hitachi;

 

(2) Elevator speed:
1.75m/s;

 

(3) Elevator capacity:
1100kg;

 

9. Floor load: uniformly distributed
live load of 1/F ground: 5KN/M2, live load of standard floor: 2KN/M2.

 

10. Others:

 

(1)
Insulation: central insulation;

 

(2)
Canopy: steel joist, aluminum plate;

 

(3)
Handrail: the steel tube of the staircase is painted and the glass breast board is provided on the external façade where
the protection is necessary;

 

(4)
Entrance step and disabled ramp: granite face;

 

(5)
Cable TV system: weak current room is set at each floor and the data cable is connected to each floor through the internal vertical
shaft;

 

(6) Telephone network system:
weak current room is set at each floor and the data cable is connected to each floor through the internal vertical shaft;

 

(7) Power distribution: two
independent 10KV high-voltage powers are introduced from the municipal electricity for the project;

 

(8) Fire control: with automatic
fire alarm and fire linkage control system;

 

(9) Security system: with
monitoring system and quarter parking lot management system indoors and outdoors.

 

11. Electric load of the
building: 1200KVA.

 

    	 	36	 

     

    

 

Annex 7: Related provisions of warranty
liability

 

I. Scope and term
of warranty

 

For the installed and constructed items
under normal service conditions when the Seller delivers the houses, their quality problems concerning civil engineering, water,
heat, electricity and other facilities within the warranty period will be subject to warranty by the following scope and term.

 

	Warranty items	 	Warranty period of the project
	Wall surface leakage	 	5 years
	Roofing waterproof	 	5 years
	Outer curtain wall, door and window	 	2 years
	Wall, ceiling	 	2 years
	Crack of door and window, damage of hardware	 	2 years
	Strong and weak electric wires, water inlet and outlet pipelines and corresponding components	 	2 years
	Fire alarm system	 	2 years
	Foundation and primary bearing structure	 	Designed endurance life: 50 years
	Other components	 	According to the related provisions of related authorities in Beijing

 

II. Start date
of warranty

 

The warranty period
of the house purchased by the Buyer will start from the date of house completion acceptance. The warranty period of the elevator
will start from the date that the governmental authorities issue the inspection conformance report and the related license.

 

III. Problems outside
warranty scope

 

(1) The quality damages
resulting from natural disaster and force majeure are not within the warranty scope;

 

(2) The warranty items
that have been installed, removed, modified or repaired by the proprietor and the house user at discretion after occupancy are
not within the warranty scope;

 

(3) The quality problems
of the above-mentioned warranty items resulting from improper application by the proprietor or the house user after occupancy are
not within the warranty scope, however, the Seller may assist in the maintenance and the related costs shall be borne by the Buyer.

 

IV. Warranty liability

 

(1) The paid maintenance
services may be provided for the quality maintenance outside the warranty period or the warranty scope stipulated in the Annex.

 

(2) The Seller shall
not be liable for the quality problems resulting from improper application of proprietor and house user, unauthorized modification
of house structure, adding equipment or changing position at discretion and inappropriate decoration.

 

(3) The Seller shall
assume the corresponding warranty liabilities within the warranty period and the property service enterprise will provide the paid
maintenance after the warranty period expires.

 

(4) If the Seller fails
to repair the defected houses due to proprietor, house user and relevant party, the Seller shall not be entitled to bear any responsibility,
which shall be assumed by the corresponding proprietor, house user and relevant party connecting to this.

 

    	 	37	 

     

    

 

Annex 8: Preliminary Property Management

 

Preliminary Property Service Contract
of Beijing

Jingkai One Center Project

 

The contract was entered into between Beijing
Jingkai-Gongda Investment Management Co., Ltd. and Beijing Jingkai Investment Development Co., Ltd. on __________in Beijing, China.

 

Principal: Beijing Jingkai-Gongda Investment
Management Co., Ltd. (hereinafter referred to as the “Party A”)

Address: 4/F, Block 2, No. 1 North
Disheng Street, Beijing Economic-Technological Development Area

Legal Representative: Zhou Shiyi

 

Trustee: Beijing Jingkai Investment Development
Co., Ltd. (hereinafter referred to as the “Party B”)

Address: Block 1, No. 1 North Disheng Street,
Beijing Economic-Technological Development Area

Legal representative: Guo Guangqing

Property Management Qualification: Level
3

Certificate No.: D0075 JWQZS [2014]

 

In accordance with the Regulations on
Property Management and relevant laws and regulations, Party A entrusts Party B to implement property management for the Beijing
Jingkai One Center project (hereinafter referred to as the “Project”), and the parties have entered into this Contract
through equal consultation.

 

Chapter
I General Provisions

 

Article 1 Party A entrusts Party B to provide
property management and service for the project, and Party B is the sole property manager of the project;

 

Article 2 Party B accepts the entrustment
of Party A and agrees to provide property management and service for the project in accordance with this Contract, the Regulations
on Property Management and the relevant laws and regulations.

 

Article 3 In this Contract, references
to any legislation shall be construed as laws and regulations promulgated by the state government or the government of Beijing
municipality. If significant changes occur in the economic interests of either party as a result of changes in laws and regulations,
the parties shall consult in a timely manner and make the necessary adjustments or modifications to the relevant provisions of
this Contract in order to safeguard the interests of both parties under this Contract.

 

Chapter II Basic Conditions of the Property
Project

 

Article 4 Basic Conditions of the Property

 

1. Approved property name: Beijing Jingkai
One Center

 

    	 	38	 

     

    

 

 

2. Property type: office building, commercial
property, residential property

 

3. Property location: Lots D1C1 and D1F1,
No. D1 Block of Eastern Zone, Beijing Economic-Technological Development Area

 

4. Scope: west to the 1st Jinghai Road,
east to the 3rd Jinghai Road, south to the 13th Kechuang Street, north to the southern green belt of the 12th
Kechuang Street.

 

5. Area: 92,392.1m3;
construction area: a total construction area of 293,692 m3, area for which property management fee is collectable
is 204,840 m3. Underground parking lot: 83,002 m3, among which the number of parking lots with
the right to get parking fee is 1,834. The above data of area is based on estimates and the final measured area shall prevail.

 

Chapter III Scope and Content
of Property Management Services

 

Article 6 The scope of the property management
services provided by Party B shall be as follows: the buildings and the ancillary facilities and equipment within the scope of
the red line of the project, including all kinds of public roads and landscaping, and various types of public service facilities.

 

Article 7 Party B shall provide the following
property management services in two phases:

 

1. Preparatory period of property management:
For the service in this period, please refer to Article 8 of this Contract.

 

2. Normal management period of property
management: For the service in this period, please refer to Article 9 of this Contract.

 

Article 8 Services provided in the preparatory
period of property management:

 

1. To propose suggestions on the selection
of type for facilities and equipment and the selection of construction materials.

 

2. To follow up on the progress of the
project and make recommendations.

 

3. To propose suggestions on the vehicle
moving line and parking spaces of the underground parking lot.

 

4. To assist Party A in the development
of interim management provisions.

 

5. To establish the project property management
agency.

 

Party B will set up a project property
management institution during the preparatory period, and put it into normal operation as soon as possible. The details of work
are as follows:

 

(1) To develop organizational structure,
departmental set-up and staffing;

 

(2) To work out the function distribution
method among various departments and the duties of the various positions;

 

(3) To develop internal management system,
service standards and working procedures.

 

6. To complete staff recruitment and professional
training.

 

7. To develop item procurement plans.

 

8. To prepare annual work plan for property
management.

 

During the preparatory period of project
management, Party B will be responsible for the preparation of the annual work plan of the project management, including the following:

 

(1) Work plan for daily operation, repair
and regular maintenance of housing and its ancillary facilities, and equipment;

 

(2) Work plan for security and fire management;

 

    	 	39	 

     

    

 

(3) Work plan for daily cleaning and regular
cleaning;

 

(4) Work plan for road traffic and parking
management;

 

(5) Work plan for customer service;

 

(6) Work plan for financial management
and development of human resources;

 

(7) Emergency response procedures and proposals;

 

(8) Establishing a coordinated relationship
with the local government authorities.

 

9. To prepare the customer manual.

 

10. To prepare decoration guide.

 

11. To establish special service items
and collection and payment items.

 

12. To assist Party A in completing the
project acceptance.

 

13. To take over and accept the project.

 

14. To take charge of the cleanup land
reclamation of the public areas of the project.

 

15. To prepare for moving-in of the owners
of the project.

 

Article 9 Services provided during the
normal property management period include:

 

1. To develop a work plan of property management
services, and organize the implementation of the plan; manage property-related engineering drawings, customer files, as well as
completion and acceptance materials; establish property management system.

 

2. To carry out the daily maintenance,
operation and management of shared facilities and equipment. Shared facilities and equipment include: shared water pipes, pressurized
pumps, water pipes, shared lighting, transformation and distribution systems, security systems, fire systems, transportation facilities,
rain sewage lift pump.

 

3. To carry out the daily maintenance and
management of public facilities, ancillary buildings and structures, including roads, fences, septic tanks, pumping stations, green
water systems, outdoor ground parking, garbage transfer stations, and litter bins in public areas.

 

4. To carry out conservation and management
of public green spaces, flowers and trees, and small architectural works

 

5. To be responsible for the public environmental
sanitation, including the daily cleaning in public areas and peripheral areas, collection, sorting and removal of daily garbage
and refuse, and regular cleaning of septic tanks, as well as regular pest control services.

 

6. To maintain public order, including
safety monitoring, public area inspections, gate service and so on.

 

7. To maintain the order of vehicles in
the facility, and manage and offer service to the vehicles parked on the parking spaces in the public areas and the vehicles parked
in the underground parking lot.

 

12. To provide fire management services,
including fire safety monitoring and inspection, fire safety warning and publicity, and maintenance and repair of firefighting
facilities in public areas.

 

13. To provide house decoration management
services.

 

14. When property owners and users entrust
Party B to carry out repair and maintenance of their own premises, self-use facilities and equipment, Party B should accept the
commission and charge a reasonable fee.

 

    	 	40	 

     

    

 

15. To provide special services, including
collection and payment services, according to the actual needs of Party A and property users.

 

16. To set up service supervision telephone,
and publicize the phone number in the bulletin board and other prominent position of the managed property area.

 

17. To organize cultural and recreational
activities and festive decorations.

 

Chapter IV Service
Standards

 

Article 10 The service standards for the
management of the project are as follows:

 

1. The 3rd level standards for property
service shall be refereed to during provision of services.

 

2. The management procedures, quality standards
and assessment of the project are carried out according to the requirements of the ISO 9001: 2008 quality management system.

 

Chapter V Service Term of Entrusted Management

 

Article 11 The term of property service
is 3 years from the day after the completion of the check-in procedure for the first property user of the property, which shall
end at the day when the first property owner of the property has moved in for 3 years. If the property delivery is made in advance
or delayed, the starting day of property service term under the contract shall be correspondingly brought forward or delayed, under
which case the property service term remains 3 years, and the final property delivery date shall be confirmed by Party A and Party
B in writing.

 

Chapter VI Property Management and Related
Matters

 

Article 12 Property management fee

 

		1.	Remuneration shall be paid for the project’s property management.

 

		2.	The property management fee shall be paid by the property owners in advance according to the building
area owned by the owners based on the following criteria:

 

Office Building: 5.50 yuan / month / m3

 

Commercial Property: 5.50 yuan / month
/ m3

 

Residential Property: 3.00 yuan / month
/m3

 

The property service funds are jointly
owned by the property owners who have contributed to the funds and the funds are managed by Party B on behalf of the property owners.
The funds include property service expenses and the remuneration made to the property service enterprise.

 

1. The property management fee consists
of the following:

 

(1) The wages, social insurance, dismissal
compensation and the welfare fees legally set aside for Party B’s employees;

 

(2) The daily operation and maintenance
costs of the shared locations and the commonly shared facilities and equipment’s of the property;

 

(3) The cleanup costs of the managed area
of the property;

 

(4) The landscaping and maintenance costs
of the managed area of the property;

 

(1) The
order maintenance costs of the managed area of the property;

 

(2)
Party B’s overhead expenses;

 

(3)
Depreciation of fixed assets of Party B;

 

    	 	41	 

     

    

  

(4)   The
premium of property insurance, machine damage insurance and public liability insurance for the property’s shared
locations, commonly shared facilities and equipment’s.

 

(5)
Financial audit fees;

 

(6)
Corporate tax and corporate income tax;

 

(7)
Refunding of advance payment made by Party A for preliminary operation;

 

(8)
Management remuneration.

 

		a)	The property management fee shall be calculated based on
the total construction area, the construction area of each functional area, the condition  of equipment system and the
energy consumption data provided by Party A, taking into account the personnel and the relevant expenses and other management
expenses required by Party B in providing services for the project. If the data and the conditions of facilities and equipment
provided by Party A are not in accordance with the actual situation, the above fees shall be adjusted accordingly.

 

		b)	Where government-approved adjustment of energy unit price
and changes in national laws and regulations lead to mandatory changes in labor costs, property management fees shall be adjusted
accordingly.

 

		c)	The property owners shall pay the Property Management Fee
on a yearly basis as of the date of move-in as specified in the notice. For the property management fees that shall be borne by
Party A according to the Property Management Measures of Beijing Municipality and its implementation rules, as well as
the preliminary property service contract and commercial housing sales contract signed between Party A and the buyer, Party A
shall pay property management fees to Party B within the agreed period as agreed by Party A and the buyer in the property service
contract.

 

		d)	Expenditure on property services should be restricted to
expenses agreed upon in the Contract, and the balance of the expenditure on property services will be calculated once a year.
The balance can be used to improve the quality of the scene, including but not limited to the increase in equipment and facilities.
However, any transformation shall be subject to the approval of Party A before implementation. After the establishment of the
owners 'committee, the approval authority shall be conferred to the owners' committee. Party B shall return the balance to the
owner every two years in accordance with the proportion of property costs paid by the owners.

 

		e)	Where Party A undertakes to reduce or exempt the property
management fee of the property buyer, Party B shall pay Party B the property management fee after reduction or exemption on the
basis of Party A's written confirmation.

 

		f)	If the owners refuse to pay full or part of the property
management fees due to the nonperformance of commitment made in the sales contract, changes in planning, construction quality
issues and other reasons of Party A, Party A shall make up the balance to Party B.

 

		g)	For the facilities in the scope of property management
that have been completed but have not yet been sold, or the properties that have been sold but not yet been delivered to the Buyers
for the reasons of Party A or the facilities in Party A’s property management space, the property management fees and the
water, heat, electricity and gas expenses shall be borne by Party A.

 

    	 	42	 

     

    

 

		h)	It is the responsibility of Party A to provide Party B
with true and complete information on the owners to whom the properties have been sold but the check-in have not been completed.
To ensure the quality of service, after the property is completed and delivered, the property management fees for properties sold
but having not completed the check-in shall be collected against the owners by Party B.

 

Chapter VII Parking Management

 

Article 13 Parking management fee

 

The parking management fee shall be collected
by Party B against the users of parking lots according to the following standards:

 

Ground parking fees and temporary parking
fees shall be collected in accordance with the provisions of the competent government departments;

 

Underground parking management fee: RMB
400 Yuan/month/m3

 

Article 14 Party B shall sign a written
management service agreement with the users of the parking lot to clarify the rights and obligations of both parties in respect
of parking spaces and parking management services.

 

Chapter VIII
Special Maintenance Fees

 

Article 15 The daily minor maintenance
expenses of the shared areas, commonly shared facilities, equipment’s and public spots after the expiration of the house
warranty shall be included as costs and expenses of property management. The overhaul and renovation costs shall be paid from the
special maintenance expenses. When the special maintenance fees need to be used, a report shall be sent to Party A for approval,
and a general meeting of the owners shall be convened in accordance with the provisions of the Measures on the Management of
Special Maintenance Fees to decide the cost expenditure issues.

 

Chapter
IX Property Management Areas

 

Article 16 Party A shall, at the commencement
day of the preparatory period of property management, provide the property management areas needed for the property management
activities to Party B without charging fees and according to the actual needs, and Party A shall be responsible for the renovation
of the property management areas, which include the following parts:

 

		1.	Customer reception room

		2.	Property office and conference room

		3.	Staff dining lounge

		4.	Storehouse

		5.	Other areas (depending on the specific
circumstances of the project)

 

Chapter X Remuneration and Payment of
Property Management Services

 

Article 17The remuneration of property
management services charged by Beijing Development Area Co., Ltd shall be as follows:

 

1. In case the D1F1 plot is in the preparatory
period and the occupancy rate is less than 60% (excluded), the remuneration shall be charged at RMB 30,000 / month. In case the
occupancy rate ranges from 60% (inclusive) to 80% (excluded), the remuneration shall be charged at RMB 50,000 / month. In case
the occupancy rate is greater than 80% (inclusive), the remuneration shall be charged at RMB 70,000 / month.

 

    	 	43	 

     

    

  

2. In case the D1C1 plot is in the preparatory
period and the occupancy rate is less than 60% (excluded), the remuneration shall be charged at RMB 30,000 / month. In case the
occupancy rate ranges from 60% (inclusive) to 80% (excluded), the remuneration shall be charged at RMB 50,000 / month. In case
the occupancy rate is greater than 80% (inclusive), the remuneration shall be charged at RMB 70,000 / month.

 

Article 18    During the preparatory period
of property management, the remuneration for Party B’s property management services shall be disbursed from the property
management start-up capital and shall be paid at the same time as the property management start-up capital.

 

Article 19   After business opening (move-in)
of this project, Party B shall withdraw the remuneration of current month from the property management fees on the 25th of each
month.

 

Chapter XI Business Opening (Move-in)
Conditions

 

Article 20    Party A shall obtain all
necessary permits, licenses, etc. from the government as soon as possible after the signing of this Contract, and make them continuously
valid, so that Party B can carry out its work in accordance with the terms of this Contract.

 

Article 21    Party A shall be responsible
for opening the supply channels for water, electricity, heating, gas, communications, post and telecommunications, and cable television
for this project, and shall handle relevant business licenses.

 

Article 22    Party A shall inform Party
B in writing of the proprietors' information known by Party A and relevant undertakings made by Party A to proprietors in the second
month after the commencement of the preparatory period, and thereafter shall inform Party B in writing of the proprietors’
information known by Party A and relevant undertakings made by Party A to proprietors from time to time in writing during Party
A’s sales process. Party B shall carry out confidential management for customers’ information.

 

Article 23    After the project has been
completed and passed completion examination and acceptance according to relevant provisions of the country, Party A and Party B
shall jointly organize the take-over acceptance of public parts, public facilities and equipment. Party B shall, within 15 days
after receiving Party A’s application for take-over acceptance, perform take-over acceptance according to the National Housing
Take-over Acceptance Standard. If they are examined to meet applicable requirements, the acceptance qualification certificate shall
be signed within 7 days, and relevant take-over documents shall be issued timely.

 

Article 24    Party A shall transfer the
following information to Party B when undergoing formalities for take-over acceptance of the property:

 

		1.	Site plan of the completion, drawings of the completed individual buildings, architectural structures,
equipment, supporting facilities and underground pipelines;

 

		2.	Technical information on the installation, use and maintenance of the facilities and equipment;

 

		3.	Property quality warranty documents and property use instructions;

 

		4.	Counterparts or copies of inspection and acceptance reports, government approval documents, lists
of items of civil works, ownership list of property rights of the house and supporting facilities; and

 

    	 	44	 

     

    

 

		5.	Other information necessary for property management

 

Article 25    After the
completion of take-over acceptance of the project, Party A shall send a Move-in Notice to proprietors and shall notify Party B
in writing two weeks in advance of move-in time.

 

Article 26    The facilities
and equipment of the project which are entrusted to Party B for property management shall meet national acceptance standards. Imported
equipment shall be equipped with enough spare parts and the corresponding supply channels shall be made available. In case any
quality problem occurs to the project, facilities or equipment, Party A shall urge suppliers to rework until it is qualified within
an agreed period. At the same time, since the date of take-over acceptance, Party A shall be responsible for warranty according
to national regulations on warranty of construction projects.

 

Chapter XII Other Management

 

Article 27    The premiums
of all insurances necessary for the property management of the project, including but not limited to all-risk insurance, machinery
breakdown insurance and public liability insurance, shall all be disbursed from the costs and expenses of property management operation.
Above insurances need not be bought repeatedly if they have been bought by Party A.

 

Article 28    All insurance
policies of this project shall be insured by an local insurance company recognized and designated by Party A, and registered in
the People’s Republic of China. The types of insurances and insured amounts shall be handled according to relevant provisions
of insurance companies in China and the actual situation of the project. The insured amounts shall be jointly determined by Party
A and Party B. The insurance period shall be the same as the period during which Party B provides property management services.

 

Article 29    Party B shall
provide Party A with all original documents of relevant insurances, so that Party A can review, photocopy and record them. Party
B shall keep the aforesaid insurances valid during the entrustment period. Without Party A's prior written consent, Party B and
/ or its insurance company shall not cancel relevant insurance policies under this Contract or amend information under any insurance
policy.

 

Chapter XIII Human Resource Management

 

Article 30    Party B shall,
before the commencement of the preparatory period of this project, recommend a project manager and candidates to Party A. The project
manager (project leader) shall have more than 1 year experience in managing similar projects, and shall have experience in equipment
and property management. Party A may also recommend a project manager and other property personnel as alternatives. If the project
manager is to be replaced within the period of the Contract, Party B shall provide an alternative to the project manager confirmed
by Party A. Other personnel shall be assigned to various management and service levels according to the preparatory work plan.

 

    	 	45	 

     

    

 

Article 31    Party B shall
carry out training for the personnel before they assume their posts, and the expenses incurred for this purpose shall be disbursed
from the property management start-up capital before the business opening of this project, and shall be disbursed from the property
management operation costs and expenses after the business opening of this project.

 

Article 32    Party B shall
be responsible for formulating the organizational structure and remuneration standard of the property management organization of
this project and shall prepare the annual staff structure and remuneration system of the project department according to the needs
of each work by the end of each year. The staff structure shall include Party B's own employees and all the outsourcing business
staff, as well as the duty description of each post, and shall be used as the reference for the recruitment of personnel after
it has been approved by Party A.

 

Article 33    The personnel
sent by Party B for this project shall provide full-time services to the project, and shall not concurrently hold any office in
Party B 's functional departments or in other projects.

 

Article 34    The labor
costs incurred by all levels of management and service personnel sent or recruited by Party B shall be disbursed from the property
management start-up capital before the business opening of this project, and shall be disbursed from the property management operation
expenses after the business opening of this project.

 

Chapter XIV Rights and Obligations of Both
Parties

 

Article 35    Party A’s
rights and obligations

 

		1.	Party A shall review the property management work plan prepared by Party B, inspect and supervise
the implementation of Party B’s property management, and have the right to require Party B to rectify those failing to meet
the plan indicators within a specified period;

 

		2.	Party A shall provide a property management room to Party B according to relevant provisions of
this Contract;

 

		3.	Party A shall conduct property take-over acceptance with Party B according to relevant provisions
of this Contract, and transfer relevant materials to Party B;

 

		4.	Party A shall be responsible for formulating the Temporary Management Convention, specify according
to law the issues such as the use, maintenance and management of the property; proprietors’ common interests; obligations
proprietors shall perform; responsibilities which shall be borne in violation of the Convention, and shall require proprietors
and property users to comply with them;

 

		5.	Party A shall show and explain the Temporary Management Convention to the property buyer prior
to the sale of the property; and shall require the property buyer to comply with the Temporary Management Convention and make written
commitment in signing the property sale contract with the property buyer;

 

		6.	The sale contract signed with the property buyer shall include relevant contents agreed in this
Contract;

 

		7.	Party A shall pay to Party B the property management service remuneration, property management
start-up capital, property management fees and other related costs which shall be borne by Party A according to relevant provisions
of this Contract;

 

		8.	Party A shall assist Party B in coordinating the relationship with local government administrative
departments;

 

    	 	46	 

     

    

 

		9.	Party A shall assist  Party B in property management, publicity and education and cultural
activities;

 

		10.	Before the establishment of the proprietors committee, Party A shall not arbitrarily occupy
or change the use function of shared facilities of this project. If it is necessary to reconstruct, expand or improve supporting
items within the project, it shall be negotiated with all proprietors of the project and Party B, and shall be reported to competent
departments for approval before it can be implemented;

 

		11.	Party A shall ensure that the property delivered for use meets the provisions of national acceptance
standards, and shall bear the warranty responsibility for the project according to the warranty period and warranty coverage stipulated
by the country;

 

		12.	If the property fails to meet the use function and causes a major accident due to the house construction
quality, the quality of equipment and facilities or installation technology or other reasons, and it is identified by relevant
government departments to be the responsibility of Party A, Party A shall bear the responsibility and deal with the aftermath.

 

		13.	If Party B violates relevant provisions of this Contract, and fails to complete the agreed management
services, Party A shall have the right to require Party B to rectify it within a specified time limit. Party A shall have the right
to send a notice to Party B. If it causes economic loss to Party A, Party B shall give Party A corresponding economic compensation.

 

(1) Notice: Party B shall, within 5
working days after receiving the Notice, make a reply and propose a rectification plan.

 

(2) Re-notice: If Party B fails to
propose a rectification plan for no reason within 10 working days after receiving the Notice, or Party B’s
rectification fails to meet Party A’s requirements, Party A may issue a "Re-notice " to deduct 5% of Party
B's management remuneration of that month as liquidated damages, but not more than 25% of the management remuneration of that
month.

 

(3) Final
notice: If Party B fails to propose a rectification plan for no reason within 10 working days after receiving the Re-notice, or
Party B’s rectification fails to meet Party A’s requirements, Party A may issue a "Final Notice". If Party
B still fails to rectify it for no reason or Party B’s rectification fails to meet Party A’s requirements within 5
working days after receiving the Final Notice, Party A shall have the right to terminate the contract in advance, without bearing
any liability, provided that Party A shall notify Party B in writing at least one month in advance and complete the formalities
for replacing the property management enterprise. Costs and expenses of Party B sustained for such early termination of the Contract,
such as staff dismissal fees, shall be disbursed from the property management fees.

 

		14.	Party A shall have the right to provide value-added services to proprietors or property users according
to the needs of the property and for the purpose of improving the quality of the property, provided that such value-added services
do not affect the normal property management services. Party A shall ensure that the value-added services provided comply with
the provisions of national laws and regulations, as well as the Temporary Management Convention for the proprietors of the property.

 

		15.	If this Contract is terminated for any reason, Party A shall have the right to take over this project
by itself or re-entrust a new property management service enterprise to take over this project.

 

    	 	47	 

     

    

 

Article 36    Party B 's
rights and obligations

 

		1.	Party B shall provide property management services within this property area according to relevant
laws and regulations and this Contract;

 

		2.	Party B shall charge property management fees, decoration management fees, decoration waste clearance
fees, parking management fees, specially engaged paid service fees and other related fees from proprietors and property users according
to relevant provisions of this Contract;

 

		3.	If proprietors or property users violate the Temporary Management Convention, laws or regulations,
Party B shall take measures to discourage or stop it or file a lawsuit according to the seriousness of the case;

 

		4.	With the prior consent of Party A, Party B shall have the right to hire a professional service
enterprise to undertake the project's special service business, but Party B shall not entrust all property management to a third
party;

 

		5.	Party B shall accept the supervision and guidance from Party A, competent property management departments
and relevant government departments;

 

		6.	Party B shall ensure and continuously improve the quality of services, control costs and reduce
energy consumption;

 

		7.	Party B shall be responsible for preparing annual minor repair and maintenance plans for the house,
ancillary buildings, public parts, shared facilities and equipment and greening, and shall organize their implementation;

 

		8.	Party B shall be responsible for preparing annual medium and major repair and renovation and maintenance
plans for the house, ancillary buildings, public parts, shared facilities and equipment and greening, and shall organize their
implementation after they are voted by the proprietors meeting.

 

		9.	Party B shall inform relevant provisions on the use of the property to proprietors and property
users. When proprietors and property users decorate, Party B shall inform relevant provisions, enter into a written agreement with
them, and be responsible for supervision;

 

		10.	Party B shall be responsible for preparing the annual property management plan, fund use plan and
final accounting report;

 

		11.	Party B shall publish the income and expenditure account of property management fees to all proprietors
and property users every six months;

 

		12.	Party B  shall conduct a property service satisfaction survey to all proprietors and
property users every six months;

 

		13.	Party B shall not arbitrarily occupy or change the use function of the public facilities of the
property. If it is necessary to reconstruct, expand or improve supporting items within the property, it shall be approved by relevant
proprietors and shall be reported to relevant approving parties for approval before it can be implemented;

 

		14.	If the property management fees are undercollected not due to Party B’s reason, resulting
in that it is difficult to carry out property management work, Party B shall have the right to terminate this Contract and withdraw
from the property management of the project, provided that Party B shall notify Party A in writing three months in advance and
assist Party A in aftermath and take-over work;

 

    	 	48	 

     

    

 

		15.	The quality of the building and its ancillary equipment and facilities of this project shall meet
the quality standards set by the country. For any accident or loss caused by its quality or defects which cannot be improved, Party
B shall bear no responsibility. However, Party B shall be obliged to take timely and effective measures to prevent expansion of
the loss, and promptly notify Party A;

 

		16.	During the management period of Party B, if any damage to the equipment and facilities or accident
occurs due to Party B’s poor management, and thus causes property damage or personal injury to a third party, and it is identified
by relevant government departments to be the responsibility of Party B, Party B shall bear corresponding responsibility;

 

		17.	Upon the termination of this Contract, Party B shall hand over various archival data kept during
its management period to Party A or the proprietors committee;

 

		18.	If Party A violates relevant provisions of this Contract, and causes Party B not to complete management
services, Party B shall have the right to require Party A to resolve it within a certain period of time. If this causes economic
loss to Party B, Party A shall give Party B corresponding economic compensation;

 

		19.	Party B shall fully cooperate with Party A to provide value-added services to proprietors and property
users, and provide all the convenience for this;

 

		20.	If this Contract is terminated for any reason, Party B shall unconditionally undergo formalities
to hand over property management to Party A or a property management unit designed by Party A, and shall in no case delay the hand-over
or create any take-over obstacle. The period for such take-over shall be 30 days;

 

		21.	If the property management services provided by Party B cause any liability accident, unexpected
accident or litigation due to Party B’s reason, Party B shall be solely responsible for this. If relevant events cause economic
loss to Party A due to Party B’s reason, Party B shall compensate Party A for this;

 

		22.	All acts relating to the provision of property management services by Party B shall comply with
Chinese laws and regulations and orders issued by government departments. If Party A’s  aspects, such as reputation,
are affected by Party B’s unlawful act, Party A shall have the right to reserve the rights of recourse for any loss sustained,
such as in reputation, from Party B;

 

		23.	If Party B, after the termination of this Contract, does not transfer the property management right
to Party A or a property management enterprise designated by Party A, or withdraw from the property under this Contract, or hand
over the management room or relevant archival data, Party B shall pay RMB 2,500 as liquidated damages to Party A for each overdue
day. If Party B still fails to transfer the property management right and withdraw from the property within 30 days after the termination
of this Contract, Party A shall have the right to take all measures according to relevant laws and regulations, and all legal liabilities
and economic consequences arising herefrom shall be borne by Party B.

 

		24.	

 

    	 	49	 

     

    

 

Chapter XV Handling of Unforeseeable
Events

 

Article 37    In order
to safeguard the vital interests of the public, proprietors and property users, if Party B sustains necessary economic loss due
to taking emergency measures in case of unforeseeable events, such as gas leakage, electric leakage, fire, water pipe burst, rescue
of life, assisting the public security organs in carrying out tasks, both parties shall handle such events according to relevant
laws and regulations.

 

Chapter XVI Termination of Contract

 

Article 38    Party A and
Party B agree that this Contract can be terminated if any of the following cases occurs, provided that the terminating party shall
notify the other party in writing in advance:

 

		1.	This Contract shall be automatically terminated upon the expiry of the validity term agreed in
this Contract;

 

		2.	This Contract shall be terminated after the property service contract signed between the proprietors
committee of this project on behalf of all proprietors and the property management enterprise takes effect;

 

		3.	This Contract shall be terminated if Party A and Party B mutually agree and reach a written agreement;

 

		4.	This Contract cannot be fulfilled due to force majeure;

 

		5.	Either party is subject to legal sanction, and suffers bankruptcy liquidation; and

 

		6.	Other provisions specified by laws and regulations.

 

Article 39    After the
termination of this contract, Party A and Party B shall well handle their creditor’s rights and debts, including the liquidation
of property management fees and various agreements signed with an external party. Party B shall assist Party A in handover and
aftermath work of property services.

 

Article 40    In 3 months
prior to the expiration of this Contract, Party B may apply to Party A for the renewal of this Contract. After Party A reviews
and approves it, both parties may agree to renew this Contract in the form of a supplementary agreement.

 

Chapter XVII Liability for Breach of Contract
and Dispute Resolution

 

Article 41    If Party
B violates relevant provisions of this Contract and fails to complete the agreed management services, Party A shall have the right
to require Party B to rectify it within a specified time limit.  If the rectification still fails to meet the requirements
within this time lime, Party A shall have the right to terminate this Contract. If this causes economic loss to Party A, Party
B shall give Party A corresponding economic compensation.

 

Article 42    If Party
A violates relevant provisions of this Contract, causing Party B not to complete management services, Party B shall have the right
to request Party A to settle it within a certain period of time. If Party A fails to settle it within this time period, Party B
shall have the right to terminate this Contract. It this causes economic loss to Party B, Party A shall give Party B corresponding
economic compensation.

 

Article 43    Party B shall
bear no responsibility in the following cases:

 

		1.	If the property management services are interrupted due to force majeure (including natural disasters,
war, etc.), Party B shall inform Party A about relevant information within 48 hours after the end of the force majeure event, and
at the same time provide effective evidence for the occurrence of this force majeure event;

 

    	 	50	 

     

    

 

		2.	Party B has fulfilled the obligations of this Contract, but the inherent defect of the property
itself causes loss, Party B shall be obliged to take timely and effective measures to prevent the expansion of this loss, and shall
promptly notify Party A;

 

		3.	If loss is caused due to maintenance of the shared areas, public facilities and equipment of the
property, which has been informed to proprietors and property users in advance, or loss is caused by temporary interruption of
water supply, power supply and public facilities and equipment; or

 

		4.	If loss is caused by the interruption of water supply, power supply heating, communications, cable
television and other public facilities and equipment not due to Party B responsibility.

 

Article 44    For any dispute
arising from or in connection with the performance of this Contract, both parties shall settle it through friendly negotiation.
If no settlement can be reached through negotiation, either party may bring a lawsuit to the people's court of the place where
this Contract is performed. In the course of the proceedings, the contract shall continue to be fulfilled except where the parties
are in dispute.

 

Chapter XVIII Supplementary Provisions

 

Article 45    Both parties
agree that Party B shall, according to Party A’s commission, undergo take-over acceptance formalities 30 days prior to the
move-in of the first proprietor.

 

Article 46    Both parties
shall cooperate with law enforcement activities, rescue and other public affairs to be carried out within the property area, and
shall not obstruct such affairs.

 

Article 47    Neither party
shall transfer or sell or assign its rights, responsibilities and obligations under this Contract in any manner without the written
consent of the other party. Meanwhile, neither party shall disclose any trade secrets obtained from the other party to a third
party. Otherwise, the default party shall compensate for the loss caused to the other party.

 

Article 48    This Contract
shall only take Party A and Party B as beneficiaries. Except for both parties to this Contract, this Contract cannot be implemented
by any other person.

 

Article 49    During the
execution period of this Contract, both parties agree that each party may refer to the name and service identification of the other
party in the following way in its business promotion and producing relevant publicity materials, and each party shall not charge
any fees from the other party for this .The reference shall be as follows:

 

Party B referred by Party A: Entrusted property
services: Beijing Development Area Co., Ltd

 

Party A referred by Party B: Entrusted service
project: Beijing Jingkai One Center

 

Article 50    After the
termination of this Contract, neither party shall continue to refer to the name and service identification of the other party in
its business promotion or on its relevant publicity materials.

 

Article 51    The annexes
to this Contract are an integral part of this Contract, and shall have the same legal effect as this Contract.

 

Article 52    As for issues
not mentioned in this Contract, or if any objection arises in interpreting this Contract, both parties shall settle or sign a supplementary
agreement on the basis of friendly negotiation.

 

    	 	51	 

     

    

 

Article 53    Any amendment
or supplement to this Contract shall be confirmed in writing by both parties, and shall have the same legal effect as this Contract.
The contents of such amendment or supplement shall not be inconsistent with the contents of this Contract and the Temporary Management
Convention.

 

Article 54    This Contract
shall be made in sextuplicate, with Party A and Party B each holding three copies. Each of these 6 copies shall be original, and
shall have the same legal effect.

 

Article 55    The counterpart
copies (stamped) of Party A and Party B’s business licenses within the validity period shall be attached as annexes.

 

This Contract shall take effect as of the date
when the representatives of both parties sign and seal this Contract on the date specified on the first page of this Contract,
and shall be valid as an annex to the "Commodity Housing Presale Contract" or the "Contract for Sale of Finished Commodity Housing",
and shall be binding on all proprietors of this property.

 

	
        Party A:

         

        Beijing  Jingkai-Gongda Investment Management Co., Ltd

         

        /s/Beijing  Jingkai-Gongda Investment Management Co., Ltd
	
        Party B:

         

        Beijing Development Area Co.,Ltd

         

        /s/Beijing Development Area Co.,Ltd

	Signature and seal: /s/Shiyi Zhou	Signature and seal: /s/Guangqing Guo
	Date:	Date:

 

    	 	52	 

     

    

 

Annexes:

 

1. Layout Plan

 

2. Details of Property Constitution

 

3. Details of Commonly Shared Sections of
the Property

 

4. Details of Commonly Shared Facilities
and Equipment of the Property

 

5. Details of Property Service

 

6. List of Hand-over Materials

 

    	 	53	 

     

    

 

Annex 1: Layout Plan

 

 

    	 	54	 

     

    

 

 

    	 	55	 

     

    

 

Annex 2:

 

Details of Property Constitution

 

	Boundaries
    of 
 Property	 	Corresponding
    Planned Building Number	 	Planned
    Construction Area (m3)	 	 	Floor
    Area 
 (m3)	 	 	Remarks	 
	 	 	B1
    office building	 	 	6674.59	 	 	 	 	 	 	 	 	 
	 	 	B2
    office building	 	 	5999.00	 	 	 	 	 	 	 	 	 
	 	 	B3
    office building	 	 	5013.55	 	 	 	 	 	 	 	 	 
	 	 	B4
    office building	 	 	4605.2	 	 	 	 	 	 	 	 	 
	 	 	B5
    office building	 	 	6262.02	 	 	 	 	 	 	 	 	 
	 	 	B6
    office building	 	 	4893.38	 	 	 	 	 	 	 	 	 
	 	 	B7
    office building	 	 	6262.02	 	 	 	 	 	 	 	 	 
	 	 	B8
    office building	 	 	3419.06	 	 	 	 	 	 	 	 	 
	 	 	B9
    office building	 	 	3433.89	 	 	 	 	 	 	 	 	 
	 	 	B10
    office building	 	 	4914.03	 	 	 	 	 	 	 	 	 
	 	 	B11
    office building	 	 	2895.65	 	 	 	 	 	 	 	 	 
	Stage
    1 D1F1	 	B12
    office building	 	 	2715.48	 	 	 	 	 	 	 	 	 
	Parcel
    (east to	 	B13
    office building	 	 	2895.65	 	 	 	54928.2	 	 	 		 
	Jinghai
    3rd  Road;	 	B14
    office building	 	 	2715.48	 	 	 	 	 	 	 	 	 
	west
    to Jinghai	 	Subtotal	 	 	83832.86	 	 	 	 	 	 	 	 	 
	1st  Road;
    south to

    Kechuang 13th	 	A1
    Residential Building and Supporting Commercial Properties	 	 	9398.70	 	 	 	 	 	 	 	 	 
	Street;
    north to  D1

    Block Road)	 	A2
    Residential Building and Supporting Commercial Properties	 	 	11102.12	 	 	 	 	 	 	 	 	 
		 	A3
    residential building	 	 	5107.47	 	 	 	 	 	 	 	 	 
		 	A4
    residential building	 	 	8122.87	 	 	 	 	 	 	 	 	 
	 	 	A5
    residential building	 	 	5107.47	 	 	 	 	 	 	 	 	 
	 	 	A6
    residential building	 	 	8191.73	 	 	 	 	 	 	 	 	 
	 	 	Subtotal	 	 	47030.36	 	 	 	 	 	 	 	 	 
	 	 	Total	 	 	130863.22	 	 	 	 	 	 	 	 	 
	Stage
    2 D1C1	 	C1
    office building	 	 	33639.54	 	 	 	 	 	 	 	 	 
	Parcel
    (east to	 	C2
    office building	 	 	24753.57	 	 	 	 	 	 	 	 	 
	Jinghai
    3rd Road;	 	C3
    office building	 	 	15049.66	 	 	 	 	 	 	 	 	 
	west
    to Jinghai	 	C4
    office building	 	 	19990.67	 	 	 	 	 	 	 	 	 
	1st
    Road; south to

 D1 Block Road; 

north to Kechuang

 12th Street;)	 	DX1
    underground garage, commercial

    properties, ancillary facilities, and air raid

    shelters	 	 	37924.56	 	 	 	37994.9	 	 	 	 	 
	 	 	Total	 	 	131358	 	 	 	 	 	 	 	 	 

 

The final area shall be determined by the actually
measured area in the report.

 

    	 	56	 

     

    

 

Annex 3:

 

Details of Commonly Shared Sections of the
Property

 

1. Load-carrying structure of the building

 

2. Main structure of the building

 

3. Public hallways

 

4. Public corridors

 

5. Public staircases

 

6. Inner courtyard

 

7. Outdoor wall surfaces

 

8. Roofs

 

9. Fire control and security surveillance rooms

 

10. Machine rooms

 

11. Public restrooms

 

12. Public greens

 

13. Rooms used by property service company

 

    	 	57	 

     

    

 

Annex 4:

 

Details of Commonly Shared Facilities and
Equipment of the Property

 

1. Elevators: 36 units

 

2. Septic tanks and rainwater retention tanks

 

3. Power distribution room

 

4. Power distribution room

 

5. Main boxes

 

6. Property service rooms

 

7. Rooms for commonly-shared facilities and
equipment

 

8. Underground motor vehicle parking garages

 

9. Roads

 

10. Inter-building and central greens

 

11. Sewer manholes

 

12. Catch basins

 

13. Power transformation and distribution system

 

14. Public lighting facilities

 

15. High pressure water pumps

 

16. Fire facilities

 

17. Lightning protection facilities...

 

    	 	58	 

     

    

 

Annex 5

 

Standard for Beijing Residential Property
Management (Class III)

DB11/T 751-2010

 

Class III Standard for Beijing Residential Property
Service

 

1. Basic requirements

 

1.1 Customer service premises

 

1) A customer service center with office furniture,
telephones, and other office equipment shall be set up.

 

2) An original copy or photocopy of the qualification
certificate of the property service company, photos of persons in charge of the project, property service items, service standards,
chargeable items, charge rates, and all other relevant information shall be made public.

 

3) The customer service center shall be open
for business for at least 8 hours during work days and shall have watch-keepers on duty beyond the work hours.

 

4) 24-hour service hotlines shall be set up
and made public.

 

1.2 Staffing

 

1) All staff shall obtain vocational qualification
certificates as required.

 

2) The staff shall wear uniforms and badges
according to their respective job posts.

 

3) A project leader in charge of the property
service project, as well as building safety administrators, shall be appointed.

 

4) The project leader shall have more than
2 years of work experience on an equivalent job post with a property service company and shall be currently registered in the municipal
credit information database of project leaders.

 

1.3 Rules

 

1) Management rules shall be established for
the maintenance and repair of commonly-shared sections and facilities, fire safety and prevention, greening and landscape maintenance,
environmental sanitation, and maintenance of public order.

 

2) An emergency plan shall be established for
unexpected public events.

 

3) A training system shall be established to
organic training and examination on a regular basis.

 

4) A property service log shall be created.

 

1.4 Archives

 

1) A property management file shall be created

 

2) Personnel shall be appointed for file management

 

3) Basic information, basic records, repair
and maintenance records, and charging records shall be managed with computers.

 

1.5 Signs

 

Property service signs, such as safety warnings,
operation and construction warnings, and kindly reminders shall be set up.

 

1.6 Customer service

 

1) The performance of the property service
contract and the income and expenditures in the previous year, as well as the budget for the current year, shall be made public
in the first quarter of every year.

 

2) For important matters of property service
which are related to the normal life of proprietors or house users, notices shall be posted at main entrances and exits as well
as the entrance to each apartment unit.

 

    	 	59	 

     

    

 

3) Conducts in violation of laws and regulations
on public security, planning, and environmental protection shall be discouraged and reported to competent authorities.

 

4) For urgent repairs of water and power facilities,
repair workers shall reach the site within 20 minutes. For other repairs, repair workers shall reach the site within the time limit
agreed upon by both Parties. Notices shall be given within 30 minutes of repairs of facilities and equipment for which specialized
service enterprises are responsible, and return visits shall be paid for such repairs.

 

5) Responses shall be made within 2 work days
to the opinions, suggestions, and complaints made by the proprietors or house users. Return visits shall be paid for complaints.

 

6) Opinions on property service shall be publicly
solicited once every year; subsequent rectifications shall be made public.

 

7) Service quality of the project shall be
examined once every month. Safety inspections shall be conducted before important holidays and festivals.

 

8) Proprietors shall be invited to visit the
machine rooms for commonly-shared facilities and equipment every year.

 

9) At least one community culture event shall
be organized every year.

 

10) Bulletin boards shall be set up, in order
to assist relevant authorities in public welfare publicity programs.

 

11) Insurances for shared sections, shared
facilities and equipment, and public liability shall be bought as required.

 

12) If conditions permit, specially engaged
services, such as indoor cleaning, laundry, cooking, car wash, property custody, and ticketing shall be provided.

 

1.7 Commissioning of the management specialized
services

 

1) Commissioning contracts for specialized
services shall be signed to define the rights and obligations of each party.

 

2) Specialized service enterprises shall meet
the qualification requirements set out by competent authorities; operating personnel shall have corresponding vocational qualification
certificates.

 

3) The staff of specialized service enterprises
shall wear uniforms and badges.

 

4) Specialized services shall be supervised,
managed, and assessed.

 

2. Operation, repair, and maintenance of
commonly-shared sections, facilities, and equipment

 

2.1 Integrated management

 

1) Basic files of housing and commonly-shared
facilities and equipment shall be created.

 

2) Operation, inspection, and maintenance records
shall be archived on a monthly basis.

 

3) Inspections shall be conducted to assess
the safety of the use of houses.

 

4) For problems identified during the inspection
of commonly-shared sections, repair plans shall be developed according to the scopes of responsibility and the problems shall be
repaired in accordance with their respective repair plans; failures in the operation of commonly-shared facilities and equipment,
as well as problems identified during inspections, shall be repaired promptly.

 

5) The repair and maintenance plan for the
next year shall be determined in the fourth quarter of every year.

 

6) Special-purpose equipment shall be operated,
repaired, maintained, and regularly tested in accordance with relevant regulations.

 

    	 	60	 

     

    

 

7) Inspections shall be conducted and preventive
measures shall be implemented before and after extreme weather conditions, such as thundering, heavy rainfall, strong winds, and
sandstorms.

 

8) Machine rooms

 

(1) Machine rooms shall be cleaned once per
month and shall be clear of sundries

 

(2) Mouse baffles, raticide boxes, or mouse
glue traps shall be set up.

 

(3) Fire equipment shall be provided in easily
visible and accessible positions. Fire equipment shall be checked once per month to make sure it is intact and effective.

 

(4) Facilities and equipment shall have all
necessary signs and nameplates.

 

(5) Relevant rules and certificates shall be
posted or hung in easily visible positions

 

(6) Shift handover records and work logs shall
be full and complete.

 

2.2 Commonly-shared sections

 

1) Building structure

 

Structural members, such as beams, plates,
and columns shall be checked once per quarter. If any deformation or crack is detected during visual inspection, a request for
building safety assessment shall be filed, necessary protection measures shall be taken, and repairs shall be carried out according
to the assessment results.

 

2) Building components

 

A) Wall finish, plastering, eaves, balconies,
rainshades, and supporting members for outdoor units of air conditioners shall be checked once per quarter

 

B) Patrol inspection shall be conducted once
per month for doors, windows, and glass of commonly-shared sections.

 

C) Indoor flooring, wall surfaces, ceilings,
outdoor roofs, and water aprons of commonly-shared sections shall be checked once per quarter.

 

D) Waterproofing and rainwater down pipes shall
be checked before the flood season every year and after heavy rainfall

 

3. Ancillary structures

 

1) Patrol inspection shall be conducted once
per month for roads, yards, stairs and handrails, curb stones, tube wells, ditches, and channels.

 

2) Rainwater and sewage wells shall be checked
once per quarter.

 

3) Patrol inspection shall be conducted once
per month for gates, enclosing walls, and fences.

 

4) Patrol inspection shall be conducted once
per month for leisure chairs, pavilions, sculptures, and featured landscapes.

 

5) Lightening protection devices shall be tested
once per year.

 

2.3 Air conditioning system

 

1) Before operation, a systematic inspection
shall be conducted for the water chilling unit, circulating water pumps, cooling tower, fans, fan coils, and water treatment facilities
and equipment.

 

2) During operation, patrol inspection shall
be conducted once per day for the air conditioning system in order to ensure that the indoor temperature meets relevant requirements.

 

3) Energy saving measures shall be developed
and energy consumption shall be counted and analyzed on a monthly basis.

 

    	 	61	 

     

    

 

4) Pipes and valves shall be checked and derusted
once per year.

 

5) Pressure vessels, meters, and noise of the
cooling tower shall be checked once per year.

 

6) The fresh air ventilator, air processor
filter screen, surface air cooler, box body, and fan coil filter screen shall be cleaned and sterilized once per year.

 

7) An overhaul shall be conducted on the air
conditioning system every year.

 

2.4 Secondary water supply facilities

 

1) Sterilizing equipment shall be used in accordance
with requirements by health and disease prevention authorities. Cleaning and sterilizing shall be conducted according to relevant
requirements. Water quality measured in water quality tests shall meet national hygienic standards on domestic and drinking water.

 

2) Patrol inspection shall be conducted twice
per day on the water tank room and water pump room in order to check the operating status of equipment.

 

3) The standby water pump shall be switched
online once per quarter.

 

4) Lubrication of water pumps shall be checked
once per year; the lubricant shall be replenished or replaced as necessary. Water pumps shall be maintained once per year.

 

5) Water supply pipes and valves shall be derusted
and painted every year. All exposed pipes shall be freeze-proofed before the beginning of each winter.

 

6) Cover plates of the water tank and the impounding
reservoir shall be kept intact and locked; the key shall be kept by specially assigned persons. The overflow pipe orifice and the
ventilation pipe orifice shall be covered with metal protection screens and shall be kept intact.

 

2.5 Drainage system

 

1) Drainage facilities

 

Before each flood season, the rainwater and
sewage wells and roof rainwater inlets shall be inspected, cleaned, and dredged. After every rainfall, the main drainage outlets
and tubular wells shall be inspected.

 

2) Sewage pumps

 

Patrol inspection shall be conducted twice
per day during the flood season and once per week beyond the flood season in order to check the operating status of the equipment;
a manual startup test shall be conducted once every two weeks; maintenance shall be done once per quarter.

 

3) Septic tanks

 

Septic tanks shall be checked once every six
months and shall be dredged if necessary.

 

2.6 Lighting and electrical equipment

 

1) In-building lighting

 

Patrol inspection shall be conducted three
times per week. General failures shall be fixed within one day; complicated failures shall be fixed within 5 days.

 

2) Outside-building lighting

 

Patrol inspection shall be conducted once per
week. General failures shall be fixed within one day and complicated failures shall be fixed within one week. The time controller
shall be adjusted once per month.

 

3) Emergency lighting

 

Patrol inspection shall be conducted once per
day. Any failures identified shall be instantly fixed.

 

4) LV cabinets

 

    	 	62	 

     

    

 

Patrol inspection shall be conducted twice
per day on the operating status of equipment. Maintenance shall be done once per year, including fastening, testing, and cleaning;
electrical safety shall be checked once per year.

 

5) LV power distribution cabinets and LV lines

 

Patrol inspection shall be conducted once per
month on the operating status of equipment; Maintenance shall be done once per year, including fastening, testing, and cleaning.

 

6) Control cabinets

 

Patrol inspection shall be conducted once every
two weeks on the operating status of equipment; Maintenance shall be done once per year, including fastening, testing, commissioning,
and cleaning.

 

7) Power generators

 

Commissioning shall be done once per month
to ensure normal operation. Storage batteries shall be activated once per year. Patrol inspection shall be conducted once per week
for battery chargers and storage batteries.

 

8) Testing

 

The in-house power meter shall be tested once
every five years.

 

9) Power distribution rooms and power distribution
compartments on every floor

 

Proper measures shall be taken to keep out
small animals. Perimeters of wiring ducts passing through walls shall be tightly sealed. Locks shall be intact. Incoming and outgoing
lines of cables and switches shall have proper signs.

 

2.7 Security system

 

1) Alarm control host

 

Patrol inspection shall be conducted once per
day to check the operating status of equipment. Surfaces shall be cleaned once every two weeks and interiors shall be cleared of
dust once every six months.

 

2) Door machine of intercom

 

Buttons and display shall be checked once per
month. Surfaces shall be cleaned once per month; Interiors shall be cleared of dust once every six months.

 

3) Network control cabinet

 

Appearance shall be checked once every six
months. For connecting wires, surface cleaning shall be done once per quarter and internal dedusting shall be done once per six
months.

 

4) Infrared emission detectors

 

Wiring, detecting range, and waterproofing
shall be checked once per quarter. Surfaces shall be cleaned once per quarter and interiors shall be cleared of dust once every
six months.

 

5) Video acquisition devices

 

Surveillance images and video recording functions
shall be checked once per week. Surfaces shall be cleaned once every two weeks and interiors shall be cleared of dust once every
six months.

 

6) Cameras

 

A) Focusing, infrared night vision, wiring,
and waterproofing shall be checked once per quarter and adjustments and tests shall be performed as appropriate. Surface cleaning
shall be done for lenses once per quarter. Internal dedusting shall be done for the protective housing once every six months.

 

B) During operation, patrol inspection shall
be conducted on the spray pond, water pumps, and ancillary facilities twice per week and the anti-creeping facilities shall be
checked once per month.

 

    	 	63	 

     

    

 

C) Safety warning signs shall be set up as
necessary.

 

D) Water quality shall meet hygienic requirements.

 

3. Fire safety and prevention

 

3.1 Integrated management

 

1) A fire safety responsibility system shall
be established and implemented. Persons responsible for fire safety shall be appointed. Fire safety responsibilities shall be clearly
defined for every level and every job post.

 

2) A voluntary firefighting team armed with
necessary firefighting equipment shall be set up. Relevant personnel shall master the basic firefighting knowledge and skills.
A fire drill involving employees and proprietors or house users shall be organized annually.

 

3) Fire safety bulletins shall be set up and
regular fire safety education shall be carried out. Two fire safety trainings shall be provided for employees every year.

 

4) Patrol inspection shall be conducted on
fire protection once per day. Fire protection inspection shall be conducted once per month. Firefighting equipment shall be tested
once per year according to relevant regulations in order to ensure that the evacuation paths, safety exits, fire lanes, and firefighting
facilities and equipment meet relevant safety requirements.

 

5) An conduct in violation of fire safety rules,
as well as fire hazards, must be immediately corrected or eliminated once discovered. Any conduct or hazard that cannot be corrected
or eliminated must be reported to the fire department of the local police.

 

6) The fire control room shall be manned by
watch-keepers around the clock. Each shift, which consists of two persons, shall promptly process all kinds of alarms and failure
information.

 

7) In the event of a fire, the police must
be immediately notified. Attempts shall be made to put out fire in its initial stage, personnel in danger shall be evacuated, and
assistance shall be offered to the fire department.

 

3.2 Repair and maintenance of firefighting
facilities and equipment

 

1) Automatic fire alarm system

 

(1) Patrol inspection shall be conducted once
per day on fire alarm controllers interlock control equipment to check the functioning of equipment and to ensure uninterrupted
around-clock normal operation. The alarm function of alarm controllers and interlock control equipment, as well as the interlock
control, display, and printing functions, shall be checked and tested once per month. Interiors of machine cabinets shall be dedusted
once per year.

 

(2) Fire alarm controllers, manual alarm buttons,
and alarm devices shall be randomly selected for testing once per month. After having been in use for 2 years, the alarm and warning
functions of manual alarm buttons and alarm devices shall be cleaned by specialized cleaning companies once every three years.

 

(3) Standby power supply

 

The master power supply and standby power supply
shall be tested and switched between each other once per month. The standby power supply and storage batteries shall be put to
one charge-discharge test every quarter.

 

    	 	64	 

     

    

 

2) Fire control broadcast system

 

The interlock and forced switchover functions
of fire emergency telephones, intercom phones in important locations, intercom telephone hosts, broadcast equipment, megaphones,
and loudspeakers shall be checked and tested once per month, and their volume shall be tested as well; the interiors of machines
shall be removed of dust once per year and the equipment inside cabinets shall be removed of dust once per year.

 

3) Smoke control and exhaust system

 

Irrigation shall be well planned. The irrigating
water shall completely and evenly permeate the soil to prevent conspicuous drought and flood; Generally, plants must be watered
4 months before germination, 5 months before germination, in autumn, and before winter, respectively. For cool-season lawns, a
higher frequency of irrigation may be adopted according to the growth and soil conditions.

 

2) Fertilization

 

Fertilizers shall be administered according
to plant growth. Arboreal trees shall be fertilized once or twice every two years; shrubs shall be fertilized once or twice per
year; Ground cover and lawn plants shall be fertilized twice or thrice per year. Additional fertilization may be used for bedding
plants according to their growth. Dependence on chemical fertilizers shall be minimized.

 

3) Pest and plant disease control

 

Based on the pattern of plant pests and diseases,
plants shall be inspected at least three times per month during the growing season and pests and diseases shall be controlled in
accordance with the inspection results, so that leaves do not fall prematurely and plants do not die because of pest or disease.

 

4) Trimming

 

Arboreal trees shall be trimmed once every
winter. Shrubs shall be trimmed once during the growing season and in the winter, respectively. The green hedges and color lumps
shall be trimmed once before the Labor Day, before the National Day, and in the winter, respectively. Cool-season lawns shall be
trimmed at least once or twice per month, depending on the growth, during the growing season and at least 12 times per year.

 

5) Weeding

 

Full weeding shall be carried out three times
per year. The weeding frequency shall be elevated for important green belts. Green belts with weeds shall not exceed 10% of the
total green belt area. Seasonal weeds shall be effectively controlled.

 

6) Garbage disposal

 

Waste created during greening work and garbage
in the green belts shall be cleared three times per week.

 

4.3 Inspection of work

 

1) Greening work shall be checked three times
per month during the growing season.

 

2) Landscape maintenance measures and work
plans shall be developed for each quarter.

 

3) Greening files shall be present.

 

5. Environmental hygiene

 

5.1 Collection and removal of household garbage

 

1) Sorted collection shall be implemented for
household garbage.

 

2) Hermetic garbage collection vessels with
sort signs shall be provided.

 

    	 	65	 

     

    

 

3) Garbage collection vessels shall be cleaned
at least once every two weeks. Pesticides shall be sprayed daily during the breeding season of flies and mosquitos.

 

4) Garbage shall be moved to designated garbage
disposal sites once per day and shall not be dumped randomly.

 

5) Garbage trucks shall be clean and tidy in
appearance.

 

5.2 Cleaning of commonly-shared sections of
property

 

1) Inside buildings

 

(1) Lobby and elevator hall on 1st
floor

 

The ground of the lobby and the elevator hall
on the 1st floor shall be swept and mopped once per day. The mailboxes and glass surfaces in the lobby shall be wiped
once per week. The wall surfaces in the lobby and in the elevator hall shall be wiped once per month. Patrol inspection and cleaning
shall be done for the lobby and the elevator hall on the 1st floor once per day.

 

(2) Corridors and stairs

 

Grounds of corridors and stairs shall be swept
once per week and mopped once every two weeks. Shared facilities, such as handrails, windowsills, fire doors, fire hydrants, and
signs of the stairs, shall be wiped once every two weeks. Light fixtures in the building shall be dedusted once per quarter. Patrol
inspection and cleaning shall be done for the corridors and stairs on a daily basis.

 

2) Elevator compartment

 

The doors and panels of the elevator compartment
shall be wiped once per day. The ground of the elevator compartment shall be mopped once per day. Elevator compartments decorated
with stainless steel or other materials shall be maintained once per month. Elevator compartments decorated with stone materials
shall be maintained once per quarter. Patrol inspection and cleaning shall be done twice per day for the elevator compartment.

 

3) Terrace and roof: The terrace and roof shall
be swept once per quarter; during the rain season, the terrace and the roof shall be swept once every 2 months. Patrol inspection
shall be conducted once per month on the terrace and internal courtyard and any sundries shall be promptly removed.

 

4) Outdoor roads and facilities

 

Sweeping shall be done once per day and patrol
inspection and cleaning shall be done twice per day for the outdoor roads. The outdoor public lighting and shared facilities shall
be cleaned once per month. Rain hoods and door awnings shall be cleaned once per quarter.

 

5) Waterscape

 

Sterilization and purification shall be carried
out according to the water quality. During operation, the water surface shall be cleaned twice per week and the bottom of the pond
shall be cleaned twice per year.

 

6) Pest control and prevention

 

Assistance shall be offered to competent authorities
in pest control and prevention. Prior notices shall be given of pesticides to be administered. Easily visible signs shall be set
up where pesticides have been administered.

 

7) Cleaning in rainy and snowy weathers

 

After a rain, water in the main roads and trunk
roads of the community shall be swept away. In snowy weathers, ground snow shall be promptly swept away and ground ice shoveled.
If it snows at night, the ice and snow on main roads shall be removed before 10:00 AM next morning.

 

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5.3 Inspection and logging of work

 

1) Quality of cleaning shall be checked once
per day and proper records shall be kept.

 

2) Quality of cleaning shall be fully checked
once per quarter and proper records shall be kept.

 

3) Complete cleaning files shall be kept

 

6. Maintenance of public order

 

6.1 Main entrances and exits shall be guarded
by specially assigned watch-keepers around the clock.

 

6.2 Patrol inspection routes shall be set.
Patrol inspection shall be properly carried out and recorded, twice between 6:00 and 22:00 and once between 22:30 6:00.

 

6.3 Patrol inspection shall be conducted on
parking lots and order shall be properly maintained for the use of roads and sites.

 

6.4 Motor vehicles must have proper permits
when entering or exiting the property.

 

6.5 Security control rooms shall be manned
by specially assigned watch-keepers around the clock; Surveillance videos and alarm records shall be retained for 30 days in case
of the need to investigate. Management rules and emergency plans shall be posted in conspicuous positions.

 

6.6 Illegal conducts shall be immediately reported
to the police and assistance shall be offered to competent authorities in processing illegal conducts.

 

6.7 Two special emergency plan drills shall
be conducted every year and proper records shall be kept.

 

6.8 Duty personnel shall stand by around the
clock.

 

6.9 Records and files

 

1) Complete and valid records shall be kept
of all items of work.

 

2) Complete files shall be kept.

 

7. Decoration and fitting management

 

7.1 Decoration and fitting management service
rules shall be established.

 

7.2 Decoration and fitting management files
shall be created.

 

7.3 Declaration and registration of proprietors
or house users for decoration and fitting shall be proper handled. Interior decoration and fitting management service agreements
shall be signed with proprietors or house users, who shall be informed of the forbidden behavior and precautions in the decoration
and fitting work.

 

7.4 During decoration and fitting, patrol inspection
shall be conducted for the site once per day. If it is discovered that the proprietor or the house user fails to declare and register
the decoration and fitting project or violate the law or any relevant regulation, such behavior shall be immediately dissuaded.
If the proprietor or the house user refuses to correct such behavior, the violation shall be reported to competent authorities,
the proprietor, and the proprietors committee and shall be made public within the range of the property management.

 

7.5 Inspection shall be carried out after decoration
and fitting is completed. Any interested party that violates the interior decoration and fitting management service agreement shall
be treated as agreed.

 

7.6 If the removal of decoration waste is commissioned
to a third party, the waste shall be temporarily piled in designated locations and retention and covering measures shall be taken.
Such waste shall be removed within 2 days. If the decoration waste is to be removed by the constructor, the waste shall be transported
out of the property in bags or in hermetic vessels within 2 days.

 

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	Property Service Contract of Beijing Jingkai One Center Project

 

Annex 6:

 

List of Hand-over Materials

 

1. Site plan of the completion; as-built drawings
of individual buildings, structures, and equipment; as-built drawings of supporting facilities and underground pipes; and layout
drawings of pipelines for buildings.

 

2. Technical data on the installation, use,
and maintenance of facilities and equipment

 

3. Quality warranty documents and user's instruction
documents of the property (Building Quality Warranty and Building User's Manual)

 

4. Materials of acceptance inspection by related
professional agencies

 

5. List of property rights of the house and
supporting facilities (including proprietor's name, construction area, and contact information)

 

6. Pressure test reports for water supply and
heat supply systems

 

7. Report on measured area

 

8. Other materials required for property service

 

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Beijing Jingkai·One Center Project

 

Temporary Management Convention

 

Project Owner: Beijing Jingkai-Gongda Investment
Management Co., Ltd.

 

(MM)/(DD)/(YY)

 

    	 	69	 

     

    

 

Table of contents

 

	Part 1 	General provisions	71
	Part 2 	Overview of property	71
	Part 3 	Use, maintenance and management of exclusive areas of property	72
	Part 4 	Use, maintenance and management of shared areas of property	75
	Part 5 	Decoration and furnishing	78
	Part 6 	Preliminary property service	79
	Part 7 	Inspection and handover of project items	80
	Part 8 	Property service fee	81
	Part 9 	Other matters	82
	Part 10 	Supplementary provisions	82
	Letter of Commitment for Temporary Management Convention	84

  

    	 	70	 

     

    

 

Part 1 General provisions

 

To carry out the after-sales property management
of Beijing Jingkai · One Center Project (this “Property”), safeguard legitimate rights and interests of all
proprietors and house users, and to preserve public environment and order in the shared areas of the property, the project owner,
prior to sales of the property, develops this temporary management convention (this “Convention”) with respect to use,
maintenance and management of the property, common interests and obligations of proprietors, and liability for violation of this
convention in accordance with the Regulations of Beijing Municipality for Realty Management (Decree of the People’s
Government of Beijing Municipality No. 219) and the relevant laws, regulations and policies.

 

The Owner shall present and explain this convention
to the Buyer prior to sales of the property. This convention shall be attached to the Beijing Commodity Housing Presale Contract
or the Contract for Sale of Finished Commodity Housing in Beijing to be made by and between the first Buyer of the property
and the Owner (the “Housing Purchase Contract”) as an annex thereto. By written undertaking in connection with this
convention, the first Buyer acknowledges this convention, and effects of this convention shall be extended to subsequent Buyers
of the property.

 

This convention shall be binding upon the Owner,
proprietors and the house users. The proprietor shall warrant that the co-occupier and the relevant person to use this property
in compliance with this convention and the relevant regulations.

 

Agreements involving common interests of proprietors
contained in the Preliminary Property Service Contract by and between the project owner and the property service enterprise
shall be consistent with those of this convention.

 

Part 2 Overview of property

 

I. Overview of properties within the property
area:

 

Name of property: Beijing Jingkai ·
One Center

Location: Lot D1F1, Eastern Zone,
Beijing Economic-Technological Development Area Road

Type of property: office and commercial
properties

Floor area: 83,832.86m2 (measured area prevails)

 

Scope of the property

East to: 3rd Jinghai Road

South to: 13th Kechuang
Street

West to: 1st Jinghai Road

North to: Qujian Road D1#

 

Details concerning properties situated within
area of this property are found in the Preliminary Property Service Contract.

 

II. Rooms for property service within area
of this property are located on the aboveground 1F and underground 1F of A2, with floor area: aboveground 100m2,
and underground 50m2.

 

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III. Overview of property service enterprise:

 

Name of enterprise: Beijing Jingkai Investment
Development Co., Ltd.

 

Legal representative: Guo Guangqing

 

Business license number: 110000001699163

 

Qualification class and qualification certificate
number: No.0075 JWQZS [2014]

 

Registered office: Building 1, Zone A, Beijing
Gongda Software Park, No. 1 Disheng North Street, Beijing Economic-Technological Development Area, Beijing, 100176, China

 

Contact phone: 010-67873388

 

Part 3 Use, maintenance and management
of exclusive areas of property

 

IV. A proprietor is entitled to occupation,
use, income and disposal of the exclusive area of the property, and shall also comply with the relevant laws and regulations of
the country and Beijing municipality without endangering safety of the building or infringing upon legitimate rights and interests
of any other person. The proprietor and the house user shall comply with regulations on supply of power, water, heating, and of
gas, drainage, accessibility, ventilation, lighting, decoration & outfitting, surrounding sanitation and environmental protection,
and properly deal with his or her relationship with proprietors of neighboring houses in the principles of facilitation of use,
safety and neatness of the property, fairness and rationality without jeopardizing public interests and interests of any other
person.

 

V. A proprietor shall, upon expiration of the
warranty period of the property, solely take charge of maintenance and repair of the exclusive area of his or her property. Such
proprietor shall be liable for any loss of any other proprietor incurred due to delay in repair or maintenance or failure to take
actions to eliminate potential safety risk.

 

VI. A proprietor and a house user shall use
the property for the planned purpose set forth in the house purchase contract, and annex and supplementary agreement thereto, and
where the planned purpose of the property has to be changed, such proprietor and house user shall complete the relevant procedures
in accordance with the laws subject to approval by the relevant competent governmental authority with written consent of the interested
proprietor, project owner and the property service enterprise, and shall notify the property service enterprise, property right
holder and proprietors committee of such change. Nature of use of the shared sections and facilities that are developed within
the property management area according to the planning shall not be changed.

 

VII. A proprietor and a house user shall promptly
deal with any potential safety risk that is revealed during use of water, electricity, gas, heating, cooling and ventilation facilities
and equipment in accordance with the relevant regulations and report such risk to the property service enterprise and authority
concerned; coordinate with the relevant authority to take actions to avoid danger when emergency event occurs; comply with and
ensure their employees, visitors, customers, agents and contractors to comply with regulations concerning fire protection safety
and safety rules developed by property the property service enterprise, and shall make sufficient fire extinguishers available
within his or her unit.

 

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VIII. For outdoor and indoor equipment, facilities,
and garden greening and sites of a proprietor,, which are either situated within the exclusive area or are used by such proprietor
independently, such proprietor shall entrust the qualified professional enterprise with regular inspection, repair and maintenance
of items including (but not limited to) lifting equipment, pressure vessel equipment, pressure gauge, fire-fighting facility and
equipment, greening support facility and equipment, and central air-conditioning equipment, obtain the permit for safe operation
from the competent governmental authority, and shall be liable for any and all expenses incurred in connection therewith pursuant
to the relevant regulations of the country and Beijing municipality.

 

VX. Neither a proprietor nor a house user shall
modify structure, appearance and use of the house without authorization; engage in catering and other trades resulting in excessive
noises to residents and environmental pollution in the ground floor store of the residential property; open or block exterior door
and window or change their sizes and styles without authorization; change material and color of finish of outer wall; erect or
develop any building and structure on the roof, building body, and accessory platform and within any other commonly shared sections;
and change the pipe without authorization.

 

X. In the event that the property service enterprise
has to access the exclusive area for repair, maintenance, renewal and renovation of the shared areas of the property, it shall
give a prior notice to the relevant proprietor and house user, and proprietor and house user of the relevant exclusive area shall
coordinate with such enterprise. If a proprietor or house user hinders or provide negative coordination in connection with such
repair, maintenance, renewal and renovation, resulting in damage to or any other loss of the property, such proprietor or house
user shall be liable for aggravation of the loss incurred from such hindering or negative coordination.

 

If the proprietor refuses or fails to repair
after receipt of notice, the property service enterprise is entitled either to perform on its own or to cause any third party to
perform such repair , in which case the proprietor shall be liable for any and all consequential losses and expenses, and it shall
also pay the property service enterprise the fines equal to 2‱ of total property purchase price on daily basis for the period
commencing from the date on which the property service enterprise gives oral or written warning and ending on the date on which
such repair is completed. Such fines shall be fully paid one time on the date of remedy of the breach, and shall be allocated to
the public fund of the community.

 

If the proprietor refuses to accept liability
for repair or loss, or fails to pay the fines on due date, hindering normal operation of the property or resulting in damage to
the property or loss of any other proprietor, such other proprietor and the property service enterprise have the right to entrust
professional lawyer with safeguarding their rights, and such proprietor shall bear any and all consequential costs and expenses
(including but not limited to attorney's fee).

 

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In the event that the property service enterprise,
as a result of an emergency that endangers public interests and legitimate rights or interests of any other proprietor, has to
access the exclusive area of a property for maintenance or repair, the property service enterprise shall notify the relevant proprietor
or house user of such property in advance, and if it is indeed impossible to notify such proprietor or house user, the property
service enterprise is allowed to perform such repair or maintenance under supervision of the public security authority, government
of the relevant jurisdiction, and other non-interested proprietor, provided that the enterprise shall notify the relevant proprietor
or house user thereafter and shall well settle the problems arising thereafter.

 

XI. In the event that a proprietor or house
user has to temporarily occupy or dig road or site due to repair or maintenance of property or due to public interest, such proprietor
or house user shall complete the relevant formalities in accordance with the relevant laws and regulations, issue public announcement
in advance, obtain written consent from the property service enterprise hired by the project owner, and shall reinstate such road
or site within the agreed period. Such proprietor or house user shall be liable for any consequential loss of the property service
enterprise, any other proprietor or house user, and any third party.

 

XII. If a property poses safety threat or endangers
public interests or legitimate rights or interests of any other proprietor, the relevant responsible person such as proprietor
or house user of such property shall immediately take actions to eliminate such threat.

 

1. Neither a proprietor nor a house user shall
raise any animal and pet within the area of property in the office park.

 

2. Where a proprietor or house user engages
in such activities as production, processing, office and R&D in buildings in the park, such proprietor or house user shall
execute the relevant national standards, develop the relevant management, production and safety measures, as well as prevention
measures, and shall arrange and use park facilities and energy facilities in a reasonable manner.

 

3. To transport goods into or out of the park,
the organization shall comply with the relevant property management rules, and the proprietor or house user shall go through the
relevant formalities with the property service enterprise. Any large transportation vehicle with capacity more than 30t (including
30t) is prohibited from accessing into the park, and in case of transportation in such large vehicle, the proprietor or the house
user shall arrange lighter on its own.

 

XIII. Where a proprietor leases out, transfers
or otherwise dispose of his or her exclusive area, such proprietor shall notify the project owner and the property service enterprise
in writing in advance, notify the tenant and the buyer of this convention in compliance with the regulations for leasing and transfer
of house, and shall notify the project owner and property service enterprise of the lease and transfer (i.e., attach this convention
to the relevant contract or document as annex thereto, notify the project owner and the property service enterprise of disposal
of the realty in writing within three days as of the date of execution of such relevant contract and document, and submit the letter
of commitment for the right successor signing this convention to the property service enterprise), otherwise the proprietor shall
be severally and jointly liable for loss and overdue fee incurred due to violation of the property management system and this convention
on part of the tenant and the transferee.

 

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Part 4  Use, maintenance and
management of shared areas of property

 

XIV. A proprietor shall be entitled to rights
and assume obligations in connection with shared area of the property, and shall not refuse to fulfill obligations by reason of
waiver of any right. When using shared area of the property, a proprietor or house user shall comply with regulations and rules
developed by the project owner for use of shared area of property, and maintenance of public order, environment and sanitation
in accordance with the Preliminary Property Service Contract. In case of damage to the shared area of property as a result
of improper use on part of the user, the responsible person shall assume the legal liabilities such as reinstatement and compensation
for loss.

 

XV. A proprietor or house user shall reasonably
use the shared facility and equipment, consciously maintain the property neat and good-looking, and comply with regulations of
the governmental for appearance and environment of the municipality. A proprietor or house user shall not erect any facility, building
or structure, permanent or temporary, within the public area; not damage pipe well or cable above or ground the greening area,
not shade or enclose the well lid, and not disturb necessary infrastructure within the greening area, installation and normal operation
of the equipment.

 

XVI. When driving and parking a vehicle within
the property management area (including motor vehicle and non-motor vehicle), a proprietor or house user shall comply with the
rules for driving and parking within the property management area without parking the vehicle on the shared road, public greening
area and other public sites and without occupying fire-fighting passageway or outdoor hydrant and equipment pipe well.

 

A property service staff has the right to instruct
any person who violates the parking management rules to rectify such violation immediately, and such person shall be liable for
any and all consequential losses. Any person shall otherwise sign the agreement for use and management of parking space with the
property service enterprise and pay the relevant parking space management fee no matter how such person obtains the right of use
of the parking space.

 

XVII. A proprietor or house user shall operate
and use the lift in compliance with the relevant regulations of competent governmental authority.

 

XVIII. To erect company nameplates and sign
boards (including but not limited to emblem) that are erected within public area, the proprietors or house users shall not install
any such nameplate or sign board on their own but shall contact the property service enterprise for centralized fabrication and
installation at the relevant expenses of such proprietors or house users. The project owner will provide spaces for hanging corporate
guidance emblem at the entrance lobby on the ground floor, provided that the proprietor or house user shall notify the property
service enterprise of the emblem details 7 days ahead of mobilization.

 

    	 	75	 

     

    

 

XIX. A proprietor or house user shall reasonably
use water, electricity, gas, heating, cooling, ventilation, fire protection and security facilities and equipment without any unauthorized
removal or modification in accordance with the relevant regulations, and shall be liable for any and all consequences and losses
of public area, shared equipment, and neighboring proprietor or house user as a result of unauthorized removal or modification.
The property service enterprise has the right to claim repair, recovery or compensation against a proprietor or house user in connection
with any loss caused by such proprietor or house user, and to report such loss to the competent governmental authority and the
competent industry authority. If any equipment or facility that is so removed or modified remains within its warranty period, then
warranty obligation of the relevant warranty provide shall be terminated.

 

XX. Garbage of each building shall be classified
according to the Regulations of Beijing Municipality for Administration of Domestic Garbage (Bulletin No. 20 issued by the
Standing Committee of the 3rd Municipal People's Congress of Beijing), and shall be stored in area specified by the property service
enterprise, which in turn shall arrange to clear such garbage.

 

XXI. The following acts shall be prohibited
within the property management area:

 

1. unauthorized removal or modification of
load bearing structure and main structure of the house, unauthorized change of appearance of the house, unauthorized occupation
of or damage to shared area of property, shared facility and equipment and the relevant site, and unauthorized relocation of shared
facility and equipment of property;

 

2. damage to or scratch of any public items
of the property such as glass curtain wall, wall of passageway/corridor and glass/column, in which case the relevant responsible
person shall be liable for costs in connection with repair.

 

3. drilling on the glass curtain wall or sticking
any type of facility, object or advertisement board on the indoor or outdoor surfaces of the curtain wall. Any device shall not
touch any structural member of the curtain wall, Correctly use and specially protect external door and window, and do not support
the external window with a hard object. Promptly close and lock external door and window when all persons leave the property.

 

4. non-compliance of building load capacity
of the property by installing (placing) any furniture, equipment, mechanical device and other articles exceeding the roof load
capacity onto any part of the roof.

 

5. unauthorized placement of articles, unauthorized
erection of any building, structure, bracket,  canopy, advertisement board, signboard, umbrella and any other article
not approved by all other proprietors or house users onto the common terrace or roof platform.

 

6. stacking of flammable, explosive, hypertoxic,
or radioactive substance, and emission of harmful substances such as air pollutant, water pollutant, noise, light, and electromagnetic
wave.

 

7. blockage or obstacle of any public item
or public site, or placement or disposal of any garbage or article in public item or public site or out of the window.

 

8. unauthorized hanging, posting, alteration,
scratching, erection of flag, distribution of brochure, or installation of neon light in public item or the relevant site.

 

    	 	76	 

     

    

 

9. encroachment of or damage to public greening
area (including but not limited to cutting and digging), road, flowers, trees, artistic landscape, and facilities and equipment
for culture, recreation, sports and leisure.

 

10. parking on public road, or washing or repair
of vehicles on public road.

 

11. installation of satellite receiver or any
other high-power receiving device that shall be subject to approval by the governmental approval, without approval by the governmental
approval.

 

12. engaging in activities endangering public
interests and infringing legitimate rights and interests of any other person using the property.

 

13. demanding the property service enterprise
for services irrelevant to the property management.

 

14. any other act prohibited by laws, regulations
and this convention.

 

XXII. Any proprietor shall pay the specific
repair fund as prescribed, and shall pay the property service fee in accordance with the Preliminary Property Service Contract.
If a proprietor sells, transfers, mortgages or contributes his or her property, the repair fund he or she pays for the public item
and shared facility and equipment shall remain the funds for repair and renewal of the public item and shared facility and equipment
of the property.

 

XXIII. The order preservation staff has the
right to inquire about a strange visitor and register such visit in order to preserve safety and order within the property management
area, and a proprietor or house user shall cause the visitor to coordinate with such staff.

 

In case of fire, theft, personal injury or
death and any other safety accident, the proprietor, house user, property service enterprise, and the project owner shall report
to the public security authority. The property service enterprise and the project owner shall coordinate with such authority to
conduct investigations and evidence gathering. The supervision video shall be kept in compliance with the relevant regulations.

 

XXIV. Where a proprietor or house user violates
this convention, the property service enterprise has the right to urge such proprietor or house user to rectify such violation
by advice, warning, prevention or any other measure permitted by laws, and such proprietor shall remedy such violation until he
or she becomes compliant with this convention as required by the property service enterprise within the prescribed time limit at
his or her remedy costs. If the proprietor fails to remedy his or her violation of this convention even through coordination, the
property service enterprise is entitled to directly initiate civil litigation to the people's court, and if the proprietor violates
the relevant regulations and policies, the property service enterprise is entitled to complain about and report such violation
to the competent authority concerned.

 

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Part 5  Decoration and furnishing

  

XXV. In order to maintain quality of the property,
the proprietor and house user undertake that the decoration recipient and decoration & furnishing enterprise engaged by such
recipient, as well as the project owner shall comply with the Guidance for Decoration for the property area to perform decoration.
The proprietor or house user and the decoration recipient shall declare the decoration to and register the decoration with the
property service enterprise prior to decoration, and sign the Housing Decoration Management Service Agreement with the property
service enterprise, defining the relevant rights and obligations, components of service and liability for breach of agreement.
The proprietor or house user shall conduct decoration & furnishing in accordance with the housing decoration management service
agreement, and observe the precautions for decoration & furnishing, and shall not perform any decoration prohibition. The proprietor
shall place the decoration & furnishing materials and waste resulted from decoration in the designated area without unauthorized
occupation of the public items and public site of the property. The proprietor or house user shall pay fees in connection with
decoration management (including but not limited to decoration management fee, decoration garbage disposal fee and decoration deposit).

 

During decoration & furnishing construction
within the property management area, decoration work generating noises is prohibited in the building from 8:30 a.m. to 18:00 p.m.
in working days, and actions shall be taken for decoration work to be performed in other times in order to mitigate interference
with surroundings. The proprietor or house user shall post an announcement in the building, indicating the date and time of decoration
& furnishing to be performed.

 

XXVI. Where decoration & furnishing of
house influences normal operation of public item and shared facilities and equipment, and infringes upon legitimate rights and
interests of neighboring proprietor or house user, the proprietor or house user of the property under decoration shall promptly
reinstate normal operation and legitimate rights and interests, and shall assume the relevant compensation liability. The proprietor
or house user shall coordinate with the property service enterprise to bind and manage the decoration & furnishing enterprise.
The proprietor or house user shall promptly reinstate normal operation of the public items and shared facilities and equipment
that is influenced by decoration of the house, and shall repair the public area if consequentially damaged and shall be liable
for any consequential loss of any other proprietor or house user.

 

XXVII. During decoration of house, the proprietor
and house user shall take finished product protection measures for the relevant public area, and shall neither remove or modify
the load-bearing wall and pipes nor damage waterproofing course. The property service enterprise has the right to supervise and
inspect decoration activities of the proprietor and the house user.

 

If any decoration work shall be subject to
approval and acceptance by the governmental authority concerned pursuant to the relevant regulations, the proprietor and house
user shall complete such approval and acceptance in accordance with such regulations, and shall file such decoration work with
the property service enterprise. If modification of fire-fighting system is involved in the decoration, the proprietor or house
user shall submit such modification to the fire protection authority for approval and acceptance and file such modification with
the property service enterprise. Any proprietor or house user shall not move, relocate, close, replace, cancel or remove any fire-fighting
equipment and facility without prior written consent of the property service enterprise, and shall not damage the fire-fighting
facilities or result in wrong alarm of or damage to fire alarm system for human-made reason, otherwise such proprietor or house
user shall be liable for any and all consequences incurred due to any act under the laws and regulations such as fire control law
and the relevant fire control regulations, and shall also bear all repair costs, losses, and penalties imposed by the government.

 

    	 	78	 

     

    

 

Part 6  Preliminary property
service

 

XXVIII. The project owner and property service
enterprise shall take charge of preliminary property service for the property management area. Regarding exact property services,
service standard and property service fee, the Preliminary Property Service Contract shall apply.  Any proprietor
shall fully pay the payable fees under the property purchase contract or the Preliminary Property Service Contract .

 

XXIX. In order to safeguard their common interests,
all proprietors agree to grant the following rights to the project owner with respect to property management activities:

 

1. to develop regulations and rules for use
of public items and shared facilities & equipment of the property, preservation of public order, public greening area and environmental
sanitation, and for other property service aspects.

 

2. to prevent the proprietor or house user
from violating this convention and the regulations and rules by warning, advice, publicity and other necessary actions.

 

3. to withhold property service fee payable
by the proprietor and any other fee collected and handed over on behalf of the proprietor under the laws, regulations and the Preliminary
Property Service Contract.

 

4. to pay property service fee for unsold houses
commencing from the due date of the property service fee. Where the property service fee for any unsold house paid by the project
owner includes the property service fee that become payable after such house is sold, the project owner has the right to, following
such sales, withdraw the balance of the said property service fee it pays without written confirmation by the proprietor.

 

5. to fully withdraw the balance of the preliminary
property service fee the project owner pays as the preliminary property service provider without written confirmation by the proprietor,
provided that the audited preliminary property service fee assumed by the project owner exceeds the actual fee incurred for the
preliminary property service period, in which case the excess property service fee shall be the property of the project owner.

 

XXX. In order to safeguard their common interests,
all proprietors agree to grant the following rights to the property service enterprise with respect to property management activities:

 

1. to cooperate with the project owner to develop
regulations and rules for use of public items and shared facilities & equipment of the property, preservation of public order,
public greening area and environmental sanitation, and for other property service aspects, in accordance with this convention.

 

2. it is lawful for property service staff
to damage exclusive area of any proprietor without any liability, provided that such damage is indeed necessary for urgent danger
prevention.

 

    	 	79	 

     

    

 

3. property service staff can open channel
or door to any part of the property from time to time for any national administrative authority, law enforcement authority, or
judicial authority if any such authority has to access the park in order to perform its duties, in which case the proprietor shall
understand and cooperate with such authority.

 

4. there is no any personal, property custody
or insurance relationship within this property with the proprietor and house user.

 

5. the property service enterprise may be relieved
from liability for inconvenience brought to the proprietor or house user as a result of necessary maintenance or repair of the
public item or shared facilities and equipment.

 

Part 7  Inspection and handover
of project items

 

XXXI. In the event that all proprietors decide
to terminate the preliminary property service contract and that they determine the property management mode, the project owner
shall verify the shared areas of the property with the proprietors and handover the shared areas to the proprietors in the manner
as prescribed in the regulations of Beijing for handover of property items.

 

XXXII. Where inspections demonstrate that the
shared areas of the property comply with the relevant standards, or after inspection and handover are completed under the property
purchase contract (including deemed completion of inspection and handover), the project owner shall fully fulfill obligations and
responsibilities in connection with the shared areas in addition to the warranty liability, which shall be performed on the basis
of the warranty period and warranty scope as provided in the national regulations and the property purchase contract.

 

XXXIII. The proprietors meeting shall, within
30 days after it is established and after the property management mode is determined, carry out post-inspection and handover of
shared areas of the property with the project owner. The preliminary property service contract shall be terminated on the date
on which the inspection and handover of shared areas of property are accomplished. In the event that the handover is not accomplished
within the said 30 days for any reason not attributable to the project owner, the date on which the said 30-day period expires
shall be deemed as the completion date of property handover.

 

XXXIV. If the proprietors meeting continues
choosing the property service enterprise appointed by the project owner (including deemed de facto management), the project owner
is not required to complete such formalities as handover and inspection with the property service enterprise given that the project
owner has inspected the property and shared areas with and handed over the relevant documentations to the property service enterprise
in accordance with the Measures for Property Undertaking and Inspection (J. F. [2010] No. 165), and Measures of Beijing
Municipality for Realty Management (Decree of the People's Government of Beijing No. 219) when the project owner appointed
the property service enterprise, and that the property service enterprise has been managing and maintaining the shared areas, and
the date on which the proprietors meeting makes decision shall be deemed as the completion date of handover and inspection, commencing
from which the Buyer shall pay the property service fee.

 

    	 	80	 

     

    

 

XXXV. If any dispute arises out of inspection
of the shared areas between the proprietor and the property service enterprise, and if authoritative organization determines that
the shared areas satisfy the relevant criteria, the handover shall be deemed to be completed at time of inspection, and the proprietor
shall pay the due but not paid property service fee if any.

 

XXXVI. The shared areas of property shall be
inspected and handed over as long as they materially comply with the handover conditions, and any repairable defect in the shared
area shall not influence receipt of the property, provided that the project owner shall be responsible for repair of such defect.

 

Part 8  Property service fee

 

XXXVII. Any proprietor or house user shall
pay the project owner or property service enterprise the property service fee promptly in accordance with the Preliminary Property
Service Contract, and if a proprietor entrusts the property service enterprise with providing specially engaged service other
than those set forth therein, such proprietor and the property service enterprise shall otherwise agree upon fees for such specially
engaged service.

 

1. Property service rate:

 

Office Building (sold as a whole): 5.50yuan/month•
m'

 

Office Building (partially sold ): 6.50yuan/month•
m'

 

Commercial property: 5.50yuan/month• m'

 

2. Payment period of property service fee:
the project owner or the property service enterprise shall pre-collect the property service fee on annual basis. A proprietor shall
pay the property service fee for the first year when he or she moves in the property.

 

3. Subsequent payment of property service fee:
the property service enterprise will remind the proprietor of paying the property service fee for the next year thirty days prior
to expiration of the period related to the property service fee that has been paid by the proprietor. The proprietor shall, prior
to expiration of the period related to the paid property service fee, pay the next tranche of property service fee to the project
owner or the property service enterprise in cash or by cheque or T/T, and accordingly the payee shall issue the formal invoice.

 

4. Commencement date of property service fee:
the commencement date of property service fee shall be the date from which the formal move-in procedures can be performed as indicated
on the move-in notice or similar instrument issued by the developer. In the event that a proprietor fails to complete the move-in
procedures promptly for his or her own reason, such proprietor shall still pay the property service fee accrued from the said date.

 

5. If a proprietor fails to pay the due and
payable property service fee, such proprietor shall pay the project owner or the property service enterprise the liquidated damages
equal to 3% of the payable property service fee per day. Where a proprietor fails to pay the property service fee for more than
6 months after the due date, the project owner or the property service enterprise has the right to publish the overdue payment
at obvious positions in the property management area, and where a proprietor owes the due property service fee for more than 12
months, the project owner or the property service enterprise has the right to initiate an action against such proprietor.

 

    	 	81	 

     

    

 

6. In case of forced change in labor cost as
a result of adjustment in unit price of energy fee which is approved by the government or change in the national laws, regulations
and policies, the property service rate shall be adjusted following the relevant procedures stipulated by the government.

 

XXXVIII. Where the proprietor and the house
user agree that the property service fee shall be paid by the house user, such agreement shall prevail, in which case the proprietor
shall be severally and jointly liable for payment of the property service fee. The proprietor shall immediately notify the property
service enterprise in writing of any payment agreement reached by and between the proprietor and the house user.

 

XXXIX. All proprietors within the property
area shall pay, use and manage the specific repair fund as prescribed, and if balance of the fund is less than 30% of the initial
collection amount, the proprietors shall contribute to the specific repair fund as prescribed.

 

XXXX. Where the project owner or the property
service enterprise undertakes entrustment with collection and handover for competent governmental or industry authorities, the
proprietor shall pay the project owner or property service enterprise the payable fees such as those for water, electricity and
gas that are covered by such collection and handover.

 

Part 9 Other matters

 

XXXXI. When completing the move-in formalities,
a proprietor or house user shall fully complete various forms, and shall provide the property service enterprise with the minimum
2 lawful and valid contact phone numbers so that the property service enterprise could contact the proprietor or house user in
case of emergency. The proprietor or house user shall promptly notify the property service enterprise in writing of any change
in such phone numbers, otherwise the proprietor or house user shall solely assume any liability and loss incurred in connection
with consequential failure of the property service enterprise to contact the proprietor or house user.

 

XXXXII. A proprietor shall be liable for losses
of any other person due to negligence and improper conduct of employee, temporary visitor, contractor, tenant, and agent of such
proprietor and any other house user.

 

XXXXIII. A bulletin board shall be erected
within the property area, and the relevant management information the project owner and the property service enterprise announce
on such board, and notice or announcement the project owner and the property service enterprise issue to the proprietor shall be
deemed to be delivered to all proprietors on the third day as of the date of publicity.

 

Part 10 Supplementary provisions

 

XXXIV. In the event that a proprietor, house
user, project owner or property service enterprise violates the laws, regulations and this convention, disturbing normal operation
of the property or resulting in personal injury or loss of property of the right holder, the infringed party is entitled to initiate
a legal action to local people's court with jurisdiction.

 

    	 	82	 

     

    

 

XXXXV. For the purpose of this convention,
the public item and shared facilities and equipment of the property shall mean house, space, site and the relevant facilities and
equipment owned or used by several or all proprietors other than the exclusive area of individual proprietor.

 

XXXXVI. For the purpose of this convention,
the house user shall mean family and employee of a proprietor, tenant and its employee, co-user, temporary user, borrower, visitor,
and authorized caretaker of the house, and any other person whom is authorized by the proprietor to use such house.

 

XXXXVII. This convention shall be binding upon
proprietors and house users within the property management area only. In case of transfer of this property, effects of this convention
shall be extended to the property transferee. Where the house user violates this convention, the proprietor shall be jointly and
severally liable for such violation.

 

XXXXVIII. The project owner shall be entitled
to proprietor's rights of and undertake proprietor's obligations in connection with unsold portions and sold but not delivered
portions within the property management area.

 

XXXXIX. The proprietor, project owner and property
service enterprise shall hold each copy of this convention.

 

XXXXX. This convention shall be attached to
the Beijing Commodity Housing Presale Contract as an annex thereto, and shall come into force as of the date on which the first
Buyer of this property signs the commitment (letter of commitment provided in the annex) and expire on the effective date of the
management convention developed by the proprietors meeting.

 

XXXXXI. If there is any conflict between provisions
hereof and the relevant laws and regulations, such provisions shall be null and void without influencing effects of the remaining
provisions hereof.

 

XXXXXII. The person developing this convention
shall be bound to interpret this convention. This convention shall not be amended in any way unless the proprietors meeting is
established, and the proprietors meeting shall re-consider and re-develop the proprietor management convention after the meeting
is established.

 

    	 	83	 

     

    

 

Annex: Letter of Commitment

 

Beijing Jingkai·One Center
Project

 

Letter of Commitment for Management Convention

 

I / our company is the Buyer
of Unit No.         of Building B7 of Beijing Jingkai • One Center
Project (hereinafter refers to as “this Property”). In order to safeguard the common interests of all the proprietors
in this property management area, I / our company agrees and represents as below:

 

		I.	Acknowledges that “the Temporary Management Convention for Beijing Jingkai • One Center
Project” (hereinafter refers to as “this Convention”) as stipulated by Beijing Jingkai-Gongda Investment Management
Co., Ltd. has been read thoroughly.

 

		II.	Agrees to fulfill, comply with and cause the persons related to this Property fulfill and comply
with the all the liabilities and obligations for the proprietors as well as the property users as specified in the Management Convention.

 

		III.	I / our company agrees to assume the corresponding liabilities resulted from breach of this Convention
and furthers agrees to assume any joint liability from any action of any user of this Property in breaching of this Convention.

 

		IV.	I / our company agrees to acquire the Letter of Commitment for this Convention executed by successor
of this Property at the time of assignment of this Property, and deliver the same to the Project Owner or the property service
enterprise, and this Letter of Commitment shall remain in full force and effect until receipt of the successor’s Letter of
Commitment by the Project Owner or the property service enterprise.

    

	 	Promisee (Seal): 
	 	/seal/ Tarena Software Technology (Hangzhou) Co., Ltd.
	 	Date of Signature: __________

 

    	 	84	 

     

    

Annex IX: Other Provisions

 

Supplementary Agreement to Beijing Commodity
Housing Presale Contract on Beijing Jingkai • One Center Project

 

The Seller: Beijing Jingkai-Gongda Investment
Management Co., Ltd.

 

The Buyer: Tarena Software Technology (Hangzhou)
Co., Ltd.

 

Both the Seller and the
Buyer agree to enter into and comply with this Supplementary Agreement (hereinafter referred to as “the Supplementary Agreement”)
so as to supplement the Beijing Commodity Housing Presale Contract (Contract No.:            ,
hereinafter referred to as “the Presale Contract”) executed between both parties through friendly negotiation and based
on voluntariness with respect to the outstanding issues related to the Presale Contract.

 

Article 1 Definitions
and Interpretations in the Presale Contract

 

1. “Delivery”
as mentioned in the annexes to the Contract shall mean “delivery for use”, and only refer to transfer for occupation
and risk transfer of this Commodity Housing, excluding the contents of title transfer and registration of this Commodity Housing
to be dealt with by the Buyer.

 

2. “The Seller
shall ‘show’ the relevant documents to the Buyer” as mentioned in the Presale Contract shall mean “that
the Seller shall keep the relevant documents at the marketing place or the handover & takeover place of this Commodity Housing
and make the same available to the Buyer for consultation other than providing duplicates to the Buyer”; “the Buyer
shall ‘show’ the relevant documents to the Seller” shall mean “the Buyer shall show expressly the duplicates
of the relevant documents and the Seller shall have the right to consult the same”; “the Seller shall ‘provide’
the relevant documents to the Buyer” shall mean “the Seller shall deliver the data or documents to the Buyer in person
or with the mode of service as agreed in this Supplementary Agreement”.

 

3. “The project
quality codes, standards and working drawing design documents issued by the State and Beijing Municipality” as mentioned
in the Presale Contract refers to “the mandatory project quality codes, standards and working drawing design documents of
the State and Beijing Municipality in effect at the time of design and construction”.

 

“The orientation
of this Commodity Housing” as given in Article 3 of the Presale Contract shall refer to “the orientations of some of
the rooms of this Commodity Housing”.

 

4. “Day” as
mentioned in the Presale Contract shall refer to “calendar day”.

 

5. “The date of
duly receipt” as mentioned in the Presale Contract shall refer to:

 

(1) In case of
delivery by mail, the 5th day after the date of delivery by mail shall be deemed as the date of duly receipt.

 

(2) In case of delivery
by courier, in person or taking delivery by the assigned person, the date of receipt as indicated on the receipt form shall be
deemed as the date of duly receipt; when no receipt form is made, the date given on the letter shall be deemed as the date of duly
receipt.

 

(3) In case of transmission
by fax or email, the second day after the date indicated on the notice shall be deemed as the date of duly receipt.

 

    	 	85	 

     

    

 

Article 2 Supplementary
Provisions for House Delivery

 

1. In case the Buyer asserts
its right for sales return of the commodity housing to the Seller for reason that the commodity housing has serious quality defect(s)
in accordance with the relevant provisions as given in the Presale Contract, the Buyer shall show the valid testing report as issued
by a statutory appraisal agency within 60 days (including the 60th day) after the date of handover of the commodity
housing by the Seller. Any failure to show or being unable to show within the said deadline shall be deemed as the commodity housing
is acceptable in quality, and the Buyer has waived its right for asserting sales return, in this case, the Presale Contract shall
continue to be fulfilled and Buyer shall not assert its right for sales return to the Seller according to these provisions. The
Buyer shall assume the responsibility for not taking delivery of the commodity housing in time if it has rejected to take over
this Commodity Housing.

 

In case the Buyer asserts its right for sales
return of the commodity housing to the Seller according to the provisions as given under Article 17 (2) of the Presale Contract,
the Buyer shall show the valid testing report as issued by a statutory appraisal agency within 60 days (including the 60th
day) after the date of handover of the commodity housing by the Seller. Any failure to show or being unable to show within the
said deadline shall be deemed as the commodity housing is acceptable in indoor air quality. In this case, the Buyer shall assume
the responsibility for not taking delivery of the commodity housing in time.

 

Air quality measure shall
be based on the initial state of the Commodity Housing at the time of delivery. The Seller shall assume no responsibility for any
non-conformity with the standards of the state with respect to indoor air quality after the Buyer has made any decoration or transformation
to the Commodity Housing.

 

2. Unless otherwise agreed
between both parties, the Seller shall deliver this Commodity Housing to the Buyer at the time as specified in the Presale Contract.
In case the delivery conditions for this Commodity Housing as specified in the Presale Contract have been satisfied ahead of the
time as specified, the Seller can make delivery ahead of the time as specified, and the date of taking delivery shall be the date
as indicated on the written document “Notice on Taking Delivery” issued by the Seller to notify the Buyer to handle
the relevant formalities and take over the Commodity Housing.

 

3. For any Commodity Housing
of which the acceptance and registration formalities upon project completion have been satisfied, if the Commodity Housing is defective
identified at the time of taking delivery, the Buyer shall reject this Commodity Housing by virtue of the said defect. The Seller
shall assume its obligations for warranty and maintenance, but not bear any liability for breach of contract due to late delivery.

 

4. After actual delivery of this Commodity
Housing by the Buyer, any occupation and damage to this Commodity Housing by any other person, and damage to the devices and equipment
of the property shall be under the responsibility of the Buyer.

 

5. The Buyer shall pay up
the taxes as specified in Article 16(5) of the Presale Contract before the formalities of taking over the keys. The Seller may
have the right to refuse to handle the formalities of handing over the keys to the Buyer if the Buyer has not paid of the above
taxes.

 

    	 	86	 

     

    

 

Article 3 Property Management
Service Related to this Commodity Housing

 

1. The Buyer agrees that the Seller will select
or replace a property management company to exercise property management by law before formal establishment of the Proprietors
Committees. After formal establishment of the Proprietors Committees, the Proprietors Committees shall have the right to further
employ the existing property service enterprise or select another property management entity by law.

 

2. If the Buyer carries out decoration on this
Commodity Housing by itself after the occupancy formalities, it shall comply with “the Temporary Management Convention for
Beijing Jingkai • One Center Project”, and shall not make any damage to this Commodity Housing and bring any
nuisance to the proprietors in the vicinity.

 

3. The Buyer shall not use this property for
other purposes other than those specified in the Presale Contract.

 

Article 4 Special Provisions
for Cancellation of the Presale Contract

 

l. In case of occurrence
of any circumstance in which the Buyer shall be entitled to terminate the contract due to the Seller’s default as specified
in the Presale Contract, the Buyer shall issue a written notice for cancellation of the Presale Contract to the Seller within 60
days (including the 60th day) after occurrence of the said circumstance. The Buyer’s failure’s to do so
shall be deemed as the Buyer has waived its right for cancellation of the contract and agreement to further fulfillment of the
Presale Contract.

 

2. In case
of occurrence of any circumstance which may lead to cancellation of the contract by either party as referred in the Presale Contract
as well as this Supplementary Agreement, the Buyer shall issue its written application for cancellation of the contract to the
Seller, then, execute the Agreement on Cancellation of the Commodity Housing Presale Contract within 5 days after delivery of the
said application, and assist the Seller to complete all the formalities for cancellation of the presale contract for this Commodity
Housing at the competent government authorities, otherwise, the Buyer shall pay liquidated damages to the Seller at 2/10000 of
the total price of this Commodity Housing to the Seller per each day’s delay in payment (excluding the delay caused by the
Seller).

 

Article 5 Notification

 

l. The Buyer shall provide its correct contact
information in detail (including the address, telephone, fax and contact person, etc.) to the Buyer at the time of concluding the
Presale Contract, and issue its written notice to the Seller within 7 days after any change to the said address or any other contact
information, otherwise, the original contact information provided by the Buyer shall further remain in effect, and the Seller shall
assume no legal liability for the Buyer’s not receiving any relevant notice from the Seller due to change to the Buyer’s
contact information.

 

2. According to the Presale
Contract and this Agreement, important documents such as any notice from one party to the other party shall be delivered to the
address as specified in the Presale Contract as well as this Agreement or otherwise given by the written notice from the other
party.

 

    	 	87	 

     

    

 

Article 6 Other Provisions

 

l. The Seller’s sales advertisement and
publicity presentation materials (including but not limited to postings, brochures, sand table, models and advertisements, etc.)
for this Commodity Housing shall not be deemed as a contractual offer, and the rights and obligations of both parties shall be
based on the provisions as specified in the Presale Contract as well as the corresponding supplementary agreements. The Seller
shall not assume any liability for any matter which has not been agreed between both parties in the Presale Contract (including
but not limited to any oral promise, recommendation and publicity made by the Seller as well as its staff).

 

2. If a fire sprinkler system is provided in
the commodity housing purchased by the Buyer, when performing fine decoration on the commodity housing after purchase, the Buyer
shall comply with the requirements as specified in the relevant laws, regulations and codes of the state.

 

3. The Seller shall be responsible
for warranty of this Commodity Housing according to Article 18 of the Presale Contract, Nevertheless, the Seller shall not be responsible
for any damage due to any force majeure event or modification out of artificial reasons or any defect upon expiry of the warranty
period which shall be under the Buyer’s responsibility. In addition, the Seller shall not take any warranty obligation for
any change to the original state of this Commodity Housing caused by decoration by the Buyer.

 

4. The Presale Contract (including the annexes
as well as this Supplementary Agreement) shall constitute all the contents with respect to selling and purchase of this Commodity
Housing between the Buyer and the Seller and supersede all the previous agreements made between both parties and all the literal
and picture materials provided by the Seller immediately upon execution. This Supplementary Agreement and the Presale Contract
shall have equal legal effect. This Supplementary Agreement shall prevail in case of any conflict between the provisions in this
Supplementary Agreement and the Presale Contract.

 

Article 7 Special Provisions

 

1. After purchase of this
Commodity Housing, this Commodity Housing can be only used by the legal entity which has been registered at Beijing Economic-Technological
Development Area.

 

2. When handling the title
transfer and registration processes related to this Commodity Housing by the Buyer and the Seller, both parties shall execute the
relevant legal documents as required by the title registration authority, and shall comply with the relevant conditions and requirements
as imposed by the competent government authority. In case that the title certificate of this Commodity Housing has not been obtained
on time at the Buyer’s fault (including but not limited to that the Buyer has not satisfied the relevant requirements for
admission to the development area, the Buyer has failed to pay the relevant taxes, provide the relevant information and execute
the legal documents necessary for handling the property right according to the Seller’s requirements, etc.), the Buyer shall
assume the liability and Seller shall not assume any liability for breach of the contract.

 

3. Agreement on “Specialized Housing
Maintenance Funds”

 

    	 	88	 

     

    

 

The Buyer agrees that the
Buyer shall be liable to pay the public maintenance cost in full and in time at the amount and due time as given in the written
notice from the property service enterprise when the public locations and public facilities and devices in the area where this
Commodity Housing is located require maintenance, renewal or reconstruction upon expiry of the warranty period.

 

4. The Seller shall issue
the VAT invoice in full to the Buyer within 60 days after the Buyer has completed registration of the new company (i.e. the property
owner of this house) and the Seller has received the purchase price in full.

 

5. “The Buyer” in the Beijing Commodity
Housing Presale Contract as well as its annexes and this Supplementary Agreement shall refer to the Buyer or any company under
the same control.

 

	Seller
    (Seal)	Buyer
    (Seal)
	/seal/ Beijing
    Jingkai-Gongda     Investment	/seal/ Tarena
    Software Technology (Hangzhou) Co., Ltd.   
	Management Co.,
    Ltd.	
	 	 
	Date:                          	Date: November
    5, 2016

 

    	 	89Exhibit

Exhibit 10.1
THE FINISH LINE, INC.
AWARD AGREEMENT
Pursuant to the
2002 STOCK INCENTIVE PLAN
OF THE FINISH LINE, INC.
(As Amended and Restated July 21, 2005)
This Award Agreement (this “Agreement”) is made and entered into as of the date last below written, by and between The Finish Line, Inc., an Indiana corporation (the “Company”), and the person named below as Grantee (“Grantee”).
WHEREAS, Grantee is an employee of the Company and/or one or more of its affiliates; and
WHEREAS, pursuant to the 2002 Stock Incentive Plan of The Finish Line, Inc. (As Amended and Restated July 21, 2005), as it may be further amended and/or restated (the “2002 Plan”), the committee of the Board of Directors of the Company administering the 2002 Plan (the “Committee”) may from time to time approve the grant to Grantee of an Award (as defined below).
NOW, THEREFORE, in consideration of the foregoing recitals and the covenants set forth herein, the parties hereto hereby agree as follows:
1. Grant of Award; Certain Terms and Conditions. The Company may from time to time grant to Grantee an Award pursuant to the 2002 Plan (each, an “Award”) which may consist of Options (as defined in the 2002 Plan) or Incentive Stock (as defined in the 2002 Plan). Any Award granted will be evidenced by a letter or other document delivered in writing by the Company to Grantee (each an “Award Letter”), which Award Letter will contain the terms of each Award including, but not limited to, the date of grant of the Award, the number of shares of Class A Common Shares, no par value, of the Company (the “Class A Common Shares”) subject to the Award, the exercise price, if any, (the “Exercise Price”), the expiration date of the Award, if any (the “Expiration Date”), the vesting schedule, if any, and any other restrictions. An Award that is an Option shall expire at 5:00 p.m., Indianapolis time, on the applicable Expiration Date. Each Award granted shall be subject to that Award Letter and all of the terms and conditions set forth in the 2002 Plan and this Agreement. By executing this Agreement, Grantee hereby accepts any Award granted to Grantee and agrees that Grantee is bound by the Award Letter, this Agreement and the 2002 Plan.
2. Termination of Employment.
(a) Termination of Employment. If Grantee shall cease to be an employee of the Company or any of its affiliates for any reason, then at such time a “Termination of Employment” shall be deemed to have occurred for purposes of this Agreement.
(i) Retirement. In the event that a Termination of Employment occurs by reason of Grantee’s retirement in accordance with the Company’s then-current retirement practices, then each Award shall fully vest, and any restrictions shall lapse, upon the date of such Termination of Employment and each Award that is an Option shall terminate on the applicable Expiration Date. The Company shall have the sole right and authority to determine whether Grantee has retired and such determination by the Company shall be final and binding on Grantee.
(ii) Death or Permanent Disability. If a Termination of Employment occurs by reason of the death or Permanent Disability (as hereinafter defined) of Grantee, then each Award shall fully vest, and any restrictions shall lapse, upon the date of such Termination of Employment, and each Award that is an Option shall terminate on the earlier of the applicable Expiration Date or the first anniversary of the date of such Termination of Employment. “Permanent Disability” shall mean the inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than twelve (12) months. Grantee shall not be deemed to have a Permanent Disability until proof of the existence thereof shall have been furnished to the Company in such form and manner, and at such times, as the Company may require. Any determination by the Company that Grantee does or does not have a Permanent Disability shall be final and binding upon Grantee.
(iii) Termination for Cause. If a Termination of Employment occurs for cause, then (A) the portion of each Award that has not vested, or for which restrictions have not lapsed, on or prior to the date of such Termination of Employment shall immediately terminate and (B) the remaining vested portion of such Award that is an Option shall terminate one (1) month from the date of such Termination of Employment unless on or at the date of such Termination of Employment the Company, in its sole discretion, determines that the vested portion of such Award that is an Option shall also terminate on the date of 

Termination of Employment. Any determination by the Company that Grantee has been terminated for cause shall be final and binding on Grantee.
(iv) Other Termination. If a Termination of Employment occurs for any reason other than those enumerated in (i) through (iii) of this Section 3(a), then (A) the portion of each Award that has not vested, or for which restrictions have not lapsed, on or prior to the date of such Termination of Employment shall immediately terminate and (B) the remaining vested portion of each Award that is an Option shall terminate on the earlier of the applicable Expiration Date or three (3) months from the date of such Termination of Employment.
(b) Death Following Termination of Employment. Notwithstanding anything to the contrary in this Agreement in the case of an Award that is an Option, if Grantee shall die at any time after the Termination of Employment and prior to the date of termination of the applicable Award that is an Option pursuant to this Agreement, then the remaining vested but unexercised portion of the applicable Award shall terminate on the earlier of the Expiration Date or the first anniversary of the date of such death.
3. Exercise. Upon vesting of an Award that is an Option, such Award shall be exercisable during Grantee’s lifetime only by Grantee or by Grantee’s guardian or legal representative, and after Grantee’s death only by the person or entity entitled to do so under Grantee’s last will and testament or applicable intestate law. An Award that is an Option may be exercised in accordance with the notice procedures established from time to time by the Company. The Exercise Price of any Option granted under this Plan and the Grantee’s Withholding Liability (as defined in Section 4), if any, with respect to any Award may be made by any one or more of the following as approved by the Company:

(a) payment in full in cash, at or before the time the Company delivers the Class A Common Shares underlying such Award;
(b) payment in Class A Common Shares owned by the Grantee, at or before the time the Company delivers the Class A Common Shares underlying such Award, provided that any of the Company’s Class A Common Shares assigned and delivered to the Company in payment or partial payment of the Exercise Price shall be accompanied by an assignment separate from certificate and any other document(s) reasonably requested by the Company;
(c) payment in other property deemed acceptable by the Company, at or before the time the Company delivers the Class A Common Shares underlying such Award;
(d) a reduction in the number of Class A Common Shares or other property otherwise issuable pursuant to such Award;
(e) the holder of the Award irrevocably authorizing a broker approved in writing by the Company to sell Class A Common Shares to be acquired through exercise of an Award that is an Option and remitting to the Company a sufficient portion of the sale proceeds to pay the entire exercise price and any federal and state withholding resulting from such exercise (a “Cashless Exercise”); provided, however, that, notwithstanding anything in this Agreement to the contrary, (i) the Company shall only deliver such Class A Common Shares at or after the time the Company receives full payment for such Class A Common Shares, (ii) the Exercise Price for such Class A Common Shares will be due and payable to the Company no later than one business day following the date on which the proceeds from the sale of the underlying Class A Common Shares are received by the authorized broker, (iii) in no event will the Company directly or indirectly extend or maintain credit, arrange for the extension of credit or renew any extension of credit, in the form of a personal loan or otherwise, in connection with a Cashless Exercise and (iv) in no event shall the Grantee enter into any agreement or arrangement with a brokerage or similar firm in which the proceeds received in connection with a Cashless Exercise will be received by or advanced to the Grantee before the date the Class A Common Shares underlying such an Award that is an Option are delivered or released by the Company; or
(f) a combination of any of the above.
Notwithstanding any other provisions of this Agreement to the contrary, no Grantee shall be permitted to pay the purchase price of the Class A Common Shares underlying such an Award that is an Option, or other property issuable pursuant to such Award that is an Option, or such Grantee’s Withholding Liability with respect to such issuance, in whole or in part by the delivery of a promissory note.
(g) Notwithstanding any provision of this Agreement to the contrary;

(i) payment of the Exercise Price for such Class A Common Shares and the Grantee’s Withholding Liability, if any, with respect to such Class A Common Shares shall be due the date the Class A Common Shares underlying the Award are delivered; and
(ii) in no event shall the Company issue or deliver the Class A Common Shares underlying the Award that is an Option before the Company receives payment for such Shares pursuant to this Section.

(h) Notwithstanding any provision of this Agreement to the contrary, Awards in the form of Options may only be exercised when both of the following shall have occurred:
(i) the delivery to the Company of a written notice of such exercise; and
(ii) payment in full of the Exercise Price of an Award that is an Option and any Withholding Liability (if applicable) with respect to such Award.
4. Payment of Withholding Taxes. If the Company becomes obligated to withhold an amount on account of any federal, state or local income tax imposed as a result of an Award or the vesting or lapsing of restrictions with respect to an Award (such amount shall be referred to herein as the “Withholding Liability”), Grantee shall pay the Withholding Liability to the Company in accordance with this Agreement.
5. Notices. Any notices given to the Company shall be in writing and addressed to the Company at 3308 North Mitthoeffer Road, Indianapolis, Indiana 46235, Attention: Secretary (or such other addresses as the Company may hereinafter designate in writing), and to Grantee at such most recent address set forth in the Company’s then current records. Any such notice shall be deemed duly given when personally delivered or when sent by prepaid certified or registered mail and deposited in a post office or branch post office regularly maintained by the United States government.
6. Stock Exchange Requirements; Applicable Laws. Grantee agrees to comply with all laws, rules, and regulations applicable to the grant and exercise of each Award and the sale or other disposition of Class A Common Shares received pursuant to each Award, including, without limitation, compliance with the Company’s insider trading policies. The Class A Common Shares Grantee receives under the 2002 Plan will have been registered under the Securities Act of 1933, as amended (the “1933 Act”). If Grantee is an “affiliate” of the Company, as that term is defined in Rule 144, promulgated pursuant to the 1933 Act (“Rule 144”), Grantee may not sell the Class A Common Shares received pursuant to an Award except in compliance with Rule 144. Certificates representing Class A Common Shares issued to an “affiliate” of the Company may bear a legend setting forth such restrictions on the disposition or transfer of the Class A Common Shares as the Company deems appropriate to comply with federal and state securities laws.
7. Nontransferability. No Award or any interest therein may be sold, assigned, conveyed, gifted, pledged, hypothecated or otherwise transferred in any manner other than by will or the laws of descent and distribution.
8. 2002 Plan. ANY AWARD GRANTED IS GRANTED PURSUANT TO THE 2002 PLAN, AS IN EFFECT ON THE DATE OF GRANT, AND IS SUBJECT TO ALL THE TERMS AND CONDITIONS OF THE 2002 PLAN AS THE SAME MAY BE AMENDED FROM TIME TO TIME AND THE RULES AND REGULATIONS PROMULGATED BY THE COMMITTEE; PROVIDED, HOWEVER, THAT NO SUCH AMENDMENT SHALL DEPRIVE GRANTEE, WITHOUT GRANTEE’S CONSENT, OF GRANTEE’S RIGHTS UNDER THIS AGREEMENT. THE INTERPRETATION AND CONSTRUCTION BY THE COMMITTEE OF THE 2002 PLAN, THIS AGREEMENT, ANY AWARD LETTER, EACH AWARD AND SUCH RULES AND REGULATIONS AS MAY BE ADOPTED BY THE COMMITTEE FOR THE PURPOSE OF ADMINISTERING THE 2002 PLAN SHALL BE FINAL AND BINDING UPON GRANTEE. A COPY OF THE 2002 PLAN AND THE 2002 PLAN PROSPECTUS HAVE BEEN FURNISHED TO GRANTEE. UNTIL ALL AWARDS SHALL EXPIRE, TERMINATE OR BE EXERCISED IN FULL, THE COMPANY SHALL, UPON WRITTEN REQUEST THEREFOR, SEND A COPY OF THE 2002 PLAN AND THE 2002 PLAN PROSPECTUS, IN THEIR THEN-CURRENT FORM, TO GRANTEE OR ANY OTHER PERSON OR ENTITY THEN ENTITLED. IN THE EVENT OF ANY CONFLICT BETWEEN THE PROVISIONS OF THE 2002 PLAN AND THE PROVISIONS OF THIS AGREEMENT, THE TERMS, CONDITIONS AND PROVISIONS OF THE 2002 PLAN SHALL CONTROL, AND THIS AGREEMENT SHALL BE DEEMED TO BE MODIFIED ACCORDINGLY.
9. No Employment Rights. No provision of this Agreement or of any Award granted hereunder and under the 2002 Plan shall (a) confer upon Grantee any right to continue in the employ of the Company or any of its affiliates, (b) affect the right of the Company and each of its affiliates to terminate the employment of Grantee, with or without cause and with or without notice, or (c) confer upon Grantee any right to participate in any employee welfare or benefit plan or other program of the Company or any of its affiliates. Grantee hereby acknowledges and agrees that Grantee’s right of employment may be terminated by the 

Company for any reason, at any time and with or without cause, unless Grantee and the Company are parties to a written employment agreement which expressly provides otherwise.
10. Governing Law. This Agreement and any Award granted and any Award Letter shall be governed by and construed and enforced in accordance with the laws of the State of Indiana, without regard to conflict of law principles thereof.
11. Entire Agreement; Amendment. This Agreement and the Plan constitute the entire agreement of the parties with respect to the matters covered herein and supersedes all prior written or oral agreements or understandings of the parties with respect to the matters covered herein. The parties agree that any grant of an Award will be pursuant to an Award Letter and each such Award Letter shall constitute part of and supplement this Agreement. This Agreement governs any Award granted to Grantee, whether pursuant to an Award Letter or otherwise, prior to, on or after the date hereof. Grantee acknowledges that Grantee has no right to receive any Awards unless and until such time, if any, that the Committee, in its sole discretion, may approve the grant thereof, and that the Company has not made any representation to Grantee regarding Award grants, or any other option related matters. The grant of any Award must be in writing. The Committee may modify this Agreement without Grantee’s consent, except that Grantee’s consent is needed for any modification that would impair Grantee’s rights under this Agreement.
[Remainder of Page Intentionally Left Blank.]

IN WITNESS WHEREOF, the Company and Grantee have duly executed this Award Agreement as of the date first above written.
 
	
							
	 
	 
	 
	 
	 
	 
	 

	THE FINISH LINE, INC.
	 
	 
	 
	GRANTEE:

	 
	 
	 
	 

	By:
	 
	 
	 
	 
	 
	 

	 
	 
	Gary D. Cohen,
	 
	 
	 
	Signature

	 
	 
	Executive Vice President-General Counsel
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	Printed Name

	Date:
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	Street Address

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	City, State and Zip Code

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	Social Security Number

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