Document:

Exhibit 10.29

 

EMPLOYMENT AGREEMENT

 

THIS EMPLOYMENT AGREEMENT,
effective as of the Effective Date (as hereinafter defined) between POSTAL REALTY TRUST, INC., a Maryland corporation (the “Company”),
and Jeremy Garber (the “Executive”), recites and provides as follows:

 

WHEREAS, the
Company desires to employ the Executive as its President, Treasurer and Secretary, subject to the terms and conditions of this
Agreement.

 

NOW, THEREFORE,
for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Executive
hereby agree as follows:

 

1. Employment
and Duties.

 

(a) General.
The Company shall employ the Executive, and the Executive agrees to be so employed, in the capacity of the Company’s President,
Treasurer and Secretary to serve for the Term (as hereinafter defined) hereof, subject to earlier termination as hereinafter provided.
The Executive shall have such duties and responsibilities commensurate with such title and
as the Board or the Chief Executive Officer may designate from time to time.  The Executive shall report to the Chief Executive
Officer. The Executive shall be based at the Company’s corporate headquarters in Cedarhurst, New York, unless and until the
corporate headquarters are moved to another location, which will then be the location where the Executive is based.

 

(b) Exclusive
Services. The Executive shall devote substantially all of the Executive’s business time, attention and effort to the
Company’s affairs. Notwithstanding the foregoing, the Executive may (i) serve on corporate boards, provided the Executive
receives prior permission from the Board; and (ii) serve on corporate, civic and children sports organizations or charitable
boards or engage in charitable activities without remuneration therefor, provided that such activity does not contravene the first
sentence of this Section.

 

(c) Dodd-Frank,
Sarbanes-Oxley and Other Applicable Law Requirements. The Executive agrees (i) to abide by any compensation recovery, recoupment,
anti-hedging or other policy applicable to executives of the Company and its affiliates that is hereafter adopted by the Board
or a duly authorized committee thereof to comply with applicable law as required by the Dodd-Frank Wall Street Reform and Consumer
Protection Act of 2010 (the “Dodd-Frank Act”),
the Sarbanes-Oxley Act of 2002 (“Sarbanes-Oxley”),
or other applicable law; and (ii) that the terms and conditions of this Agreement shall be deemed automatically and unilaterally
amended to the minimum extent necessary to ensure compliance by the Executive and this Agreement with such policies, the Dodd-Frank
Act, Sarbanes-Oxley, and any other applicable law. 

 

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2. Term.
The Initial Term of the Executive’s employment hereunder (the “Initial
Term”) shall be for a period of three (3) years commencing
on the closing date of the initial public offering of the Company’s Common stock (the “Effective
Date”), and continuing until the third anniversary
of the Effective Date. The term of this Agreement shall be extended automatically for up to two, successive twelve (12) month periods,
beginning on the last day of the Initial Term and each twelve (12) month renewal period thereafter unless the Company or the Executive
has provided the other with written notice of an intention to terminate this Agreement at least ninety (90) days before the end
of the Initial Term (or any subsequent renewal period). For purposes of this Agreement, the word “Term”
means the Initial Term and any renewal period pursuant to the preceding
sentence and any extension pursuant to clause (ii) of the following sentence. Notwithstanding the preceding sentences (i)
this Agreement may be terminated earlier as provided herein and (ii) if a Change in Control (as defined in the 2019 Equity Incentive
Plan) occurs during the Term, then the Term shall not end before the first anniversary of the Control Change Date or the date this
Agreement is terminated earlier as provided herein.

 

3. Compensation
and Benefits.

 

(a) Base
Salary. During the Term, the Company will pay the Executive a base salary of $290,000 per year (“Base
Salary”), less payroll deductions and all required
withholdings, payable in accordance with the Company’s payroll practices and prorated for any partial month of employment. The
annual base salary may be increased, but not decreased, by the Compensation Committee of the Board of Directors of the Company
(the “Compensation Committee”)
in its discretion pursuant to the Company’s policies as in effect from time to time, and such increased amount thereafter will
be the Executive’s base salary per year for purposes of this Agreement.

 

(b) Annual
Bonus. The Executive shall also be eligible to receive an annual incentive bonus for each calendar year ending during the Term
with a target bonus of 112.5% of Base Salary, with the actual amount of such bonus to be determined by the Compensation Committee,
using such performance measures as the Compensation Committee deems to be appropriate.  Such bonus, if any, shall be paid
to the Executive in the form of a lump sum no later than sixty (60) days after the end of the year to which the bonus relates. 
Except as otherwise provided in Section 4: (i) the annual bonus will be subject to the terms of any Company bonus plan
under which it is granted and (ii) in order to be eligible to receive an annual bonus, the Executive must be employed by the
Company on the last day of the calendar year to which the performance relates.

 

(c) Long-Term
Incentives. During the Term of this Agreement, the Executive shall be eligible to participate in the Company’s 2019 Long-Term
Incentive Plan, or any other equity compensation plan adopted by the Company, on terms no less favorable than those that apply
to similarly situated executive officers of the Company.

 

(d) Health
Insurance and Medical Exam. During the Term of this Agreement, the Company shall provide the Executive and his dependents with
health insurance, life insurance and disability coverage no less favorable than that made available to other key executives.

 

(e) Paid
Time Off.  During the Term of this Agreement, the Executive shall be entitled to paid time off (“PTO”)
in accordance with the Company’s PTO policy, as it may be amended from time to time, but in no event shall it be less than
four weeks per year.

 

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(f) Business
Expenses.  The Executive shall be entitled to reimbursement of business expenses that are incurred in the ordinary course
of business, in accordance with the applicable expense reimbursement policies and procedures of the Company as in effect from time
to time.

 

(g) Other
Benefits. In addition to the benefits provided pursuant to the preceding paragraphs of this Section 3, the Executive
shall be eligible to participate in such other executive compensation and retirement plans of the Company as are applicable generally
to other executive officers, and in such welfare plans, programs, practices and policies of the Company as are generally applicable
to other executive officers, unless such participation would duplicate, directly or indirectly, benefits already accorded to the
Executive.

 

(h) Indemnification.
To the fullest extent permitted by the indemnification provisions of the articles of incorporation (or similar document) and Bylaws
of the Company in effect from time to time and the indemnification provisions of the corporate statute of the jurisdiction of the
Company’s incorporation in effect from time to time (collectively the “Indemnification Provisions”),
and in each case subject to the conditions thereof, the Company shall (i) indemnify the Executive, as a director and officer
of the Company or a trustee or fiduciary of an employee benefit plan of the Company against all liabilities and reasonable expenses
that the Executive may incur in any threatened, pending, or completed action, suit or proceeding, whether civil, criminal or administrative,
or investigative and whether formal or informal, because the Executive is or was a director or officer of the Company or a trustee
or fiduciary of such employee benefit plan, and against which the Executive may be indemnified by the Company, and (ii) pay
for or reimburse the reasonable expenses incurred by the Executive in the defense of any proceeding to which the Executive is a
party because the Executive is or was a director or officer of the Company or a trustee or fiduciary of such employee benefit plan.
The rights of the Executive under the Indemnification Provisions shall survive the termination of the employment of the Executive
by the Company. Additionally, to the extent that the Company maintains a directors’ and officers’ liability insurance
policy (or policies), or an errors and omissions liability insurance policy (or policies), in place covering individuals who are
current or former officers or directors of the Company, the Executive shall be entitled to coverage under such policies on the
same terms and conditions (including, without limitation, with respect to scope, exclusions, amounts and deductibles) as are available
to other senior executives of the Company, while the Executive is employed with the Company and thereafter until the sixth anniversary
of the Executive’s termination date. Nothing in this Agreement shall require the Company to purchase or maintain any such
insurance policy.

 

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4. Payments
Upon Termination of Employment.

  

(a) Termination
by the Company without Cause, or Termination by the Executive for Good Reason, or Termination Due to the Executive’s Death
or Disability.  If during the Term of this Agreement the Executive’s employment is terminated (x) by the Company
without Cause or (y) by the Executive for Good Reason or (z) due to the Executive’s death or Disability, then the Executive
shall be entitled to the following from the Company: (1) Base Salary accrued through the date of termination, based on the
number of days in such year that had elapsed as of the termination date; (2) any accrued but unpaid PTO through the date of termination;
(3) any bonuses earned but unpaid with respect to fiscal years or other completed bonus periods preceding the termination date;
(4) any vested benefits due to the Executive under the terms of any deferred compensation, incentive or other benefit plans
maintained by the Company, payable in accordance with the terms of the applicable plan; (5)  any expenses owed to the Executive
under Sections 3(f), or 3(g); (6) all of the Executive’s outstanding stock options, restricted stock
or other equity awards with time-based vesting shall become fully vested and, in the case of stock options, exercisable in full;
(7) the treatment of all of the Executive’s outstanding stock options, restricted stock, restricted stock units or other
equity awards with performance-based vesting shall be determined in accordance with the long-term incentive plan, and any other
plans, pursuant to which such awards were granted and the applicable award agreement; (8) a lump sum payment equal to the sum of:
(A) one times the Executive’s Base Salary and (B) one times the Executive’s target bonus opportunity for the year within
which his employment is terminated (however, if such target opportunity has not been set by the Board or the Compensation Committee
as of the Executive’s termination, then this subsection 4(a)(8)(B) shall be equal to one times the Executive’s
Base Salary); and (9) a lump sum amount equal to twelve months of the monthly premium payment to continue the Executive’s
(and the Executive’s family’s) existing group health, dental coverage and vision, calculated under the applicable provisions
of Section 4980B of the Code, and calculated without regard to whether the Executive actually elects such continuation coverage.
All payments required to be made pursuant to this Section 4(a) shall be made to the Executive within sixty (60) days following
the date of such termination of employment and within any shorter time period required by law.

 

(i) For
purposes of this Agreement, “Cause” shall mean: (1) the Executive’s failure to perform a material
duty as directed by the Board (other than a failure to perform by reason of the Executive’s death or Disability); (2) the
Executive’s material breach of an obligation in this Agreement or a breach of a material written policy of the Company; (3)
the Executive’s breach of a material duty to the Company; (4) intentional conduct by the Executive that is demonstrably and
material injurious to the Company; or (5) the Executive’s conviction of, or plea of guilty or nolo contender to, (y)
a felony or (z) a crime involving moral turpitude or fraud involving the assets of the Company. Notwithstanding anything in this
Section 4(a)(i) to the contrary, no event or condition described in the foregoing (1) through (4) shall constitute Cause
unless (x) within ninety (90) days from the Board first acquiring actual knowledge of the existence of the Cause condition,
the Board provides the Executive written notice of its intention to terminate the Executive’s employment for Cause and the
grounds for such termination; (y) such grounds for termination (if susceptible to correction) are not corrected by the Executive
within thirty (30) days of the Executive’s receipt of such notice (or, in the event that such grounds cannot be corrected
within such thirty-day (30 period, the Executive has not taken all reasonable steps within such thirty-day (30) period to correct
such grounds as promptly as practicable thereafter); and (z) the Board terminates the Executive’s employment with the Company
immediately following expiration of such thirty-day (30) period.  For purposes of the foregoing, any attempt by the Executive
to correct a stated Cause shall not be deemed an admission by the Executive that the Board’s assertion of Cause is valid.

 

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(ii) For
purposes of this Agreement, “Good Reason” shall mean: (1)  the assignment of duties materially inconsistent
with the Executive’s title and position; (2) a material diminution in the Executive’s annual Base Salary or annual
bonus opportunity; (3) a material diminution in the Executive’s authority, duties or responsibilities (e.g., such
material diminution includes the Company ceasing to be a reporting company under the Securities Exchange Act of 1934), or the Company
or the Board prevents the Executive from fulfilling or exercising such authority, duties or responsibilities; (4) a material breach
by the Company of this Agreement, (5) this Agreement is not assumed by the successor to the Company in a Change in Control transaction
or (6) the Company requiring the Executive to be based at any office or location more than fifty miles from Cedarhurst, New York,
however, notwithstanding the foregoing to the contrary, any relocation required of the Executive due to the Company relocating
its headquarters shall not be deemed to violate this subsection 4(a)(ii)(6) or provide the Executive with rights to Good
Reason under this Agreement. No event or condition described in the foregoing shall constitute Good Reason unless, (x) within ninety
(90) days from the Executive first acquiring actual knowledge of the existence of the Good Reason condition described in the foregoing,
the Executive provides the Board written notice of the Executive’s intention to terminate the Executive’s employment
for Good Reason and the grounds for such termination; (y) such grounds for termination (if susceptible to correction) are not corrected
by the Board within thirty (30) days of the Board’s receipt of such notice (or, in the event that such grounds cannot be
corrected within such thirty-day (30) period, the Board has not taken all reasonable steps within such thirty-day (30) period to
correct such grounds as promptly as practicable thereafter); and (z) the Executive terminates the Executive’s employment
with the Company immediately following expiration of such thirty-day (30) period. For purposes of the foregoing, any attempt by
the Board to correct a stated Good Reason shall not be deemed an admission by the Board that the Executive’s assertion of
Good Reason is valid.

 

(iii) For
purposes of this Agreement, “Disability” shall mean that the Executive has been unable to engage in any
substantial gainful activity by reason of any medically determinable physical or mental impairment that 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 12 months, and the permanence
and degree of which shall be supported by medical evidence satisfactory to the Board. The determination of a Disability for purposes
of this Agreement shall be made by the Board in its sole and absolute discretion.

 

(b) Termination
of the Executive’s Employment by the Company for Cause, or by the Executive without Good Reason, or Upon Expiration of the
Term. If the Executive’s employment is terminated by the Company for Cause or by the Executive without Good Reason or
upon expiration of the Term without this Agreement being renewed, then the Executive shall only be entitled to the payments set
forth in subsections 4(a)(1)-(6). All payments required to be made pursuant to this subsection 4(b) shall be made
to the Executive within sixty (60) days following the date of such termination of employment and within any shorter time period
required by law.

 

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(c) Waiver
and Release. Notwithstanding any other provisions of this Agreement to the contrary, the Company shall not make or provide
for the payments in Section 4(a) unless the Executive timely executes and delivers to the Company a general release
(which shall be provided by the Company not later than five (5) days from the date on which the Executive’s employment
is terminated and be substantially in the form attached hereto as Exhibit A, the “Waiver and Release”),
and such Waiver and Release remains in full force and effect, has not been revoked and is no longer subject to revocation, within
sixty (60) calendar days after the date of termination. If the requirements of this Section 4(c) are not satisfied by the
Executive (or the Executive’s estate or legally appointed personal representative), then no payments pursuant to Section
4(a) shall be due to the Executive (or the Executive’s estate) pursuant to this Agreement. The foregoing payments subject
to this Section 4(c) shall not be paid until the first scheduled payment date following the date the Waiver and Release
is executed and no longer subject to revocation; provided, that if the period during which the Executive has discretion
to execute or revoke the Waiver and Release straddles two calendar years, then the payments subject to this Section 4(c)
shall be paid or commence being paid, as applicable, in the second calendar year, with the first such payment being in an amount
equal to the total amount to which the Executive would otherwise have been entitled during the period following the date of termination
if such deferral had not been required.

 

(d) Resignation
from Directorships, Officerships and Fiduciary Titles. The termination of the Executive’s employment for any reason shall
constitute the Executive’s immediate resignation from (i) any officer or employee position the Executive has with the Company,
unless mutually agreed upon by the Executive and the Board; (ii) any position on the Board; and (iii) all fiduciary positions (including
as a trustee) the Executive holds with respect to any employee benefit plans or trusts established by the Company. The Executive
agrees that this Agreement shall serve as written notice of resignation in this circumstance.

 

5. Section
280G. Notwithstanding anything else in this Agreement to the contrary, in the event that it shall be determined that any payments
or distributions by the Company to or for the benefit of the Executive, whether paid or payable or distributed or distributable
pursuant to the terms of this Agreement or otherwise (together, the “Payments”) would constitute “parachute
payments” within the meaning of Section 280G of the Code, then the Payments shall be payable either in (i) full or (ii) as
to such lesser amount which would result in no portion of such Payments being subject to the excise tax imposed under Section 4999
of the Code, such that the Executive shall receive the greater, on an after-tax basis, of either (i) or (ii) above, as determined
by an independent accountant or tax advisor (“Independent Tax Advisor”) selected by the Company. 
In the event that the Payments are to be reduced pursuant to this Section 5, such Payments shall be reduced as determined
by the Independent Tax Advisor such that the reduction of compensation to be provided to or for the benefit of the Executive as
a result of this Section 5 is minimized and to effectuate that, Payments shall be reduced (i) by first reducing
or eliminating the portion of such Payments which is not payable in cash (other than that portion of such payments that is subject
to clause (iii) below), (ii) then by reducing or eliminating cash Payments (other than that portion of such Payments subject to
clause (iii) below) and (iii) then by reducing or eliminating the portion of such Payments (whether or not payable in cash) to
which Treas. Reg. §1.280G-1 Q/A 24(c) (or any successor provision thereto) applies, in each case in reverse order beginning
with Payments which are to be paid the farthest in time from the date of the transaction constituting a change in ownership of
the Company within the meaning of Section 280G of the Code.  Any reductions made pursuant to this Section 5 shall
be made in a manner consistent with the requirements of Section 409A and where two economically equivalent amounts are subject
to reduction but payable at different times, such amounts shall be reduced on a pro rata basis but not below zero. If any dispute
arises between the Company (or any successor) and the Executive regarding the Executive’s right to payments under this Section
5, the Executive shall be entitled to recover his attorneys’ fees and costs incurred in connection with such dispute
if the Executive is determined to be the prevailing party.  The following additional terms and conditions shall apply to the
reimbursement of any attorneys’ fees and costs: (i) the attorneys’ fees and costs must be incurred by the Executive
within five years following the date of the Executive’s termination or resignation; (ii) the attorneys’ fees and costs
shall be paid by the Company by the end of the taxable year following the year in which the attorneys’ fees and costs were
incurred; (iii) the amount of any attorneys’ fees and costs paid by the Company in one taxable year shall not affect the
amount of any attorneys’ fees and costs to be paid by the Company in any other taxable year; and (iv) the Executive’s
right to receive attorneys’ fees and costs may not be liquidated or exchanged for any other benefit.

 

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6. Withholding
and Section 409A Compliance.

 

(a) Withholding.
The Company shall, to the fullest extent not prohibited by law, have the right to withhold and deduct from any payment hereunder
any federal, state or local taxes of any kind required by law to be withheld with respect to any such payment.

 

(b) Section
409A of the Code. This Agreement is intended to comply with the requirements of Section 409A of the Code or an exemption thereunder,
and shall be interpreted and construed consistently with such intent.  The payments to the Executive pursuant to this Agreement
are intended to be exempt from Section 409A of the Code to the maximum extent possible, under the separation pay exemption, as
short-term deferrals, or otherwise.  For purposes of Section 409A of the Code, each installment payment provided under this
Agreement shall be treated as a separate payment.  In the event the terms of this Agreement would subject the Executive to
additional income taxes, interest or penalties under Section 409A of the Code (“409A Penalties”), the Company
and the Executive shall cooperate diligently to amend the terms of this Agreement to avoid such 409A Penalties, to the extent possible. 
To the extent any amounts under this Agreement are payable by reference to the Executive’s “termination,” “termination
of employment,” or similar phrases, such term shall be deemed to refer to the Executive’s “separation from service”
(as defined in Section 409A of the Code).  Notwithstanding any other provision in this Agreement, including but not limited
to Sections 4 and 5, if the Executive is a “specified employee” (as defined in Section 409A(a)(2)(b)(i)),
then to the extent any amount payable under this Agreement (i) constitutes the payment of nonqualified deferred compensation, within
the meaning of Section 409A of the Code, (ii) is payable upon the Executive’s separation from service, and (iii) under the
terms of this Agreement would be payable prior to the six-month anniversary of the Executive’s separation from service, such
payment shall be delayed and paid to the Executive, on the first day of the first calendar month beginning at least six months
following the date of termination, or, if earlier, within ninety (90) days following the Executive’s death to the Executive’s
surviving spouse (or such other beneficiary as the Executive may designate in writing).  Any reimbursement or advancement
payable to the Executive pursuant to this Agreement shall be conditioned on the submission by the Executive of all expense reports
reasonably required by the Company under any applicable expense reimbursement policy, and shall be paid to the Executive within
thirty (30) days following receipt of such expense reports, but in no event later than the last day of the calendar year following
the calendar year in which the Executive incurred the reimbursable expense.  Any amount of expenses eligible for reimbursement,
or in-kind benefit provided, during a calendar year shall not affect the amount of expenses eligible for reimbursement, or in-kind
benefit to be provided, during any other calendar year.  The right to any reimbursement or in-kind benefit pursuant to this
Agreement shall not be subject to liquidation or exchange for any other benefit.

 

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7. Protection
of Confidential Information. The Executive hereby agrees that, during his employment with the Company and thereafter, he shall
not, directly or indirectly, disclose or make available to any person, firm, Company, association or other entity for any reason
or purpose whatsoever, any Confidential Information (defined below).  The Executive further agrees that, upon the date of
the Executive’s termination, all Confidential Information in his possession that is in written or other tangible form shall
be returned to the Company and shall not be retained by the Executive or furnished to any third party, in any form except as provided
herein.  Notwithstanding the foregoing, this Section 7 shall not apply to Confidential Information that (i) was
publicly known at the time of disclosure to the Executive, (ii) becomes publicly known or available thereafter other than by any
means in violation of this Agreement or any other duty owed to the Company by the Executive, (iii) is lawfully disclosed to the
Executive by a third party, or (iv) is required to be disclosed by law or by any court, arbitrator or administrative or legislative
body with actual or apparent jurisdiction to order the Executive to disclose or make accessible any information.  As used
in this Agreement, Confidential Information means, without limitation, any non-public confidential or proprietary information disclosed
to the Executive or known by the Executive as a consequence of or through the Executive’s relationship with the Company,
in any form, including electronic media.  Confidential Information also includes, but is not limited to the Company’s
business plans and financial information, marketing plans, and business opportunities.  Nothing herein shall limit in any
way any obligation the Executive may have relating to Confidential Information under any other agreement or promise to the Company.

 

The Executive specifically
acknowledges that all such Confidential Information, whether reduced to writing, maintained on any form of electronic media, or
maintained in the mind or memory of the Executive and whether compiled by the Company, and/or the Executive, derives independent
economic value from not being readily known to or ascertainable by proper means by others who can obtain economic value from its
disclosure or use, that reasonable efforts have been made by the Company to maintain the secrecy of such information, that such
information is the sole property of the Company and that any retention and use of such information by the Executive during his
employment with the Company (except in the course of performing his duties and obligations to the Company) or after the termination
of his employment shall constitute a misappropriation of the Company’s trade secrets.

 

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The Executive agrees
that Confidential Information gained by the Executive during the Executive’s association with the Company, has been developed
by the Company through substantial expenditures of time, effort and money and constitute valuable and unique property of the Company. 
The Executive recognizes that because his work for the Company will bring him into contact with confidential and proprietary information
of the Company, the restrictions of this Section 7 are required for the reasonable protection of the Company and
its investments and for the Company’s reliance on and confidence in the Executive.  The Executive further understands
and agrees that the foregoing makes it necessary for the protection of the Company’s business that the Executive not compete
with the Company during his employment with the Company and not compete with the Company for a reasonable period thereafter, as
further provided in the following Section 8.

 

8. Covenant
Not to Compete. The Executive hereby agrees that he will not, either during the Term or at all times until the earlier of two
years from the time his employment ceases or a Change in Control of the Company (such earlier of being, the “Restricted
Period”), engage in the (i) ownership or operation of post office facilities; (ii) investment in or lending to post
office facilities; (iii) management of post office facilities; or (iv) provision of any planning, development or executive services
for post office facilities.  The Executive will be deemed to be engaged in such competitive business activities if he participates
in such a business enterprise as an employee, officer, director, consultant, agent, partner, proprietor, or other participant;
provided that the ownership of no more than two percent (2%) of the stock of a publicly traded Company engaged in a competitive
business shall not be deemed to be engaging in competitive business activities.

 

During the Restricted
Period, the Executive will be prohibited, to the fullest extent allowed by applicable law, from directly or indirectly, individually
or on behalf of any person or entity, encouraging, inducing, attempting to induce, recruiting, attempting to recruit, soliciting
or attempting to solicit or participating in the recruitment for employment, contractor or consulting opportunities anyone who
is employed at that time by the Company or any subsidiary or affiliate.

 

During his employment
with the Company and thereafter, the Executive will not make or authorize anyone else to make on the Executive’s behalf any
disparaging or untruthful remarks or statements, whether oral or written, about the Company, its operations or its products, services,
affiliates, officers, directors, employees, or agents, or issue any communication that reflects adversely on or encourages any
adverse action against the Company.  The Executive will not make any direct or indirect written or oral statements to the
press, television, radio or other media or other external persons or entities concerning any matters pertaining to the business
and affairs of the Company, its affiliates or any of its officers or directors.

 

While employed by the
Company and during the Restricted Period, the Executive will communicate the contents of this Section 8 to any
person, firm, association, partnership, Company or other entity that the Executive intends to be employed by, associated with,
or represent.

 

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9. Injunctive
Relief. The Executive acknowledges and agrees that it would be difficult to fully compensate the Company for damages resulting
from the breach or threatened breach of the covenants set forth in Sections 7 and 8 of this Agreement and
accordingly agrees that the Company shall be entitled to temporary and injunctive relief, including temporary restraining orders,
preliminary injunctions and permanent injunctions, without the need to post any bond, to enforce such provisions in any action
or proceeding instituted in any court in the State of New York having subject matter jurisdiction.  This provision with respect
to injunctive relief shall not, however, diminish the Company’s right to claim and recover damages.

 

10. Notices.
All notices or communications hereunder shall be in writing and sent by overnight courier, certified mail, or registered mail (return
receipt requested), postage prepaid, addressed as follows (or to such other address as such party may designate in writing from
time to time):

 

If to the Company:

 

Postal Realty Trust, Inc.

75 Columbia Ave.

Cedarhurst, NY 11516

Attention: Chief Executive Officer and Chairman of the Compensation Committee

 

If to the Executive,
at the address on file with the Company’s Human Resources department.

 

The actual date of mailing,
as shown by a mailing receipt therefor, shall determine the time at which notice was given.

 

11. Separability.
If any provision of this Agreement shall be declared to be invalid or unenforceable, in whole or in part, such invalidity or unenforceability
shall not affect the remaining provisions hereof which shall remain in full force and effect. It is expressly understood and agreed
that although the parties consider the restrictions contained in this Agreement to be reasonable, if a court determines that
the time or territory or any other restriction contained in this Agreement is an unenforceable restriction on the activities of
the Executive, no such provision of this Agreement shall be rendered void but shall be deemed amended to apply as to such maximum
time and territory and to such extent as such court may judicially determine or indicate to be reasonable.

 

12. Assignment.
This Agreement shall be binding upon and inure to the benefit of the heirs and representatives of the Executive and the assigns
and successors of the Company, but neither this Agreement nor any rights or obligations hereunder shall be assignable or otherwise
subject to hypothecation by the Executive.

 

13. Entire
Agreement. This Agreement represents the entire agreement of the parties and shall supersede any and all previous contracts,
arrangements or understandings between the Company and the Executive (including the Prior Employment Agreement).  This Agreement
may be amended at any time by mutual written agreement of the parties hereto.

 

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14. Governing
Law and Arbitration. This Agreement shall be construed, interpreted, and governed in accordance with the laws of the State
of New York, without regard to principles of conflicts of laws. Any dispute, controversy or claim arising out of or related to
this Agreement or any breach of this Agreement shall be submitted to and decided by binding arbitration. Arbitration shall be administered
exclusively by the American Arbitration Association and shall be conducted in accordance with the National Rules for the Resolution
of Employment Disputes. Any arbitral award determination shall be final and binding upon the parties. Judgment may be entered in
any court having jurisdiction. Notwithstanding the foregoing, the Company shall be entitled to seek a restraining order or injunction
in any court of competent jurisdiction to prevent any continuation of any violation of Sections 7 or 8 hereof.

 

15. Survival.
Subject to any limits on applicability contained therein, Sections 7 through 10, Section 12, and Section 14
hereof shall survive and continue in full force in accordance with their terms notwithstanding any termination of the Term or this
Agreement.

 

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IN WITNESS WHEREOF,
the Company has caused this Agreement to be duly executed, and the Executive has hereunto set his hand, as of the day and year
first above written.

 

	POSTAL REALTY TRUST, INC.	 	EXECUTIVE	 
	 	 	 	 	 
	By: 	/s/ Andrew Spodek	 	 	/s/ Jeremy Garber
	 	 	 	 	 
	Its: 	Chief Executive Officer	 	Print Name: 	 Jeremy Garber
	 	 	 	 	 
	Dated:  	June 26, 2019	 	Dated: 	June 26, 2019

 

 

-12-Exhibit 10.9

 

Equity Interest Pledge Agreement

 

This Equity Interest Pledge Agreement (this “Agreement”) has been executed by and among the following parties on November 6, 2018 in Shanghai, the People’s Republic of China:

 

Party A: Beijing Hologram Wimi Cloud Network Technology Co., Ltd. (“Pledgee”)

 

Address: Zhixincun Building No.1, Floor 8, 805-17, Haidian District, Beijing

 

Party B (“Pledgor”):

 

Party B1: Yao Zhaohua

 

ID No.:421122198207240060

 

Party B2: Xinjiang Shengshi Canjin Venture Investment Partnership (Limited Partnership)

 

Address: No. 258 Gaoxin Street, Shumagang Building No. 2015-781, High and new technology industry development District, Urumqi, Xinjiang

 

Party B3: Horgos Guosheng Zhongxing Venture Investment Partnership (Limited Partnership)

 

Address: Horgos Kalasu River Oulujingdian No. 1-110-923, Yili, Xinjiang

 

Party B4: Hangzhou Chuyuan Investment Partnership (Limited Partnership)

 

Address: Ningweijiedao Minhe Road No. 479 Guotai Keji Building Room 801, Xiaoshan Distrcit

 

Party B5: Song Xiurong

 

ID No.:120109194907075560

 

Party B6: Shenzhen Qianhai Shengshi Yujin Investment Company (Limited Partnership)

 

Address: No.1 Qianwanyilu, Building A, Room 201, Qianhaishengang Coopearting District, Shenzhen City

 

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Party B7: Shanghai Yingqu Yunlu Venture Investment Partnership (Limited Partnership)

 

Address: No. 8 Shengze Road, Floor 13 Building D, Huangpu District, Shanghai City

 

Party B8: Xinyu Jindinghui Investment Management Center (Limited Partnership)

 

Address: No. 1160 Zhanqianxi Road extension section, Yushui District, Xinyu City, Jiangxi Province

 

Party B9: Wang Haili

 

ID No.: 370303196907311728

 

Party B10: Tang Dan

 

ID No.: 510124198210020046

 

Party B11: Zheng Yuhang

 

ID No.: 310109197911014014

 

Party C: Beijing Wimi Cloud Software Co., Ltd.

 

Registered Address: No. 49 Badachu Road, No. 816 Floor 6, Shijingshan District, Beijing City

 

In this Agreement, each of the Pledgee, the Pledgor and Party C shall be referred to as a “Party” respectively, and they shall be collectively referred to as the “Parties”.

 

Whereas:

 

1.              The Pledgor as of the date hereof holds total of 100% of the equity interests of Party C.     Party C is a limited liability company duly incorporated in Beijing and validly existing according to China laws, whose registered business scope is software development; software consulting; technology development, technology transfer, technical advice, technical services; enterprise management; market research; economic and trade consulting; investment consulting; enterprise management consulting; corporate planning, design; public relations services; educational advice; cultural consultation; sports consultation; design, production, agency, advertising; conference services; hosting exhibition activities; organizing cultural and artistic exchange activities (excluding performances); computer animation design; computer graphic design, production; sales of electronic products; ticketing agent (except plane tickets) ; radio and television program production; film distribution; filming; internet information services; engaging in internet cultural activities; performance broker. Party C acknowledges the respective rights and obligations of the Pledgor and the Pledgee under this Agreement, and intends to provide any necessary assistance in registering the Pledge;

 

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2.              The Pledgee is a wholly foreign-owned enterprise registered in Beijing, China. The Pledgee and Party C have executed an Exclusive Business Cooperation Agreement (“Exclusive Business Cooperation Agreement”) on November 6, 2018, according to the agreement, Party C shall pay Pledgee service fee according to the service Pledgee provided;

 

3.              The right holder and party C signed the Exclusive Share Purchase Option Agreement (the “Exclusive Share Purchase Option Agreement”) in November 6, 2018, according to which the licensee grants the right holder the exclusive right to purchase the equity of the party C in accordance with the terms of the Agreement;

 

4.              The right holder and party C signed the Exclusive Asset Purchase Option Agreement (the “Exclusive Share Purchase Option Agreement”) in November 6, 2018, under which Pledgor granted the Pledgee the exclusive right to purchase the assets of Party C in accordance with the terms of the Agreement;

 

5.              To ensure that Party C and the Pledgor fully perform their obligations under the main agreements (as defined below), including but not limited to the payables Pledgee should get from Party C (including but not limited to consulting and service fee), the Pledgor hereby pledges to the Pledgee all of the equity interest that the Pledgor holds in Party C as security for Party C’s and the Pledgor’s obligations under the main agreements.

 

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Therefore, the parties hereby reach the following agreement:

 

1.              Definition

 

Unless otherwise stipulated hereof the following terms shall have the following meanings:

 

1.1                 “Pledge” means the security interest the Pledgor granted the Pledgee under Article 2 of this agreement, which is the priority price compensation right in the Pledgee through equity transfer, auction or sale.

 

1.2                 Equity Interest refers to the 100% equity interest in Party C, lawfully held by the Pledgor.

 

1.3                 Term of Pledge refers to the period provided for under Article 3 hereunder.

 

1.4                 “Main agreements” mean Exclusive Assets Purchase Agreement, Exclusive Business Cooperation Agreement and Exclusive Share Purchase Option Agreement and other agreements the Plegdor, the Pledgee and Party C sign from time to time.

 

1.5                 Default refers to any event enumerated in Article 7 hereof.

 

1.6                 Notice of Default refers to the notice of default issued by the Pledgee in accordance with this Agreement.

 

2.              Pledge

 

2.1       As security for the performance of the obligations under the main agreements between the Pledgor and party C, including, but not limited to, any or all payments owed by Party C (including, but not limited to, the consulting and service fees payable to the Pledgor under the Business Cooperation agreement) at maturity and payable (whether on the specified expiry date, by prepayment or otherwise) of immediate and complete payment and performance of the guarantee, the Pledgor hereby pledges to the Pledgee the ownership of all the Party C shares it holds (including any interest or dividend paid for such equity).

 

2.2       The scope of the pledge under this agreement includes all obligations of the Pledgor and Party C under the main agreements, including, but not limited to, the full cost of services payable to the Pledgee, all arrears, obligations and liabilities (including, but not limited to, any payments due to relevant persons), liquidated damages (if any), compensation, costs incurred in the exercise of creditor rights and pledge rights (including, but not limited to, attorney fee, arbitration fee, equity assessments and auctions fee) and any other related costs. In order to avoid doubt, the scope of the pledge is not limited by the amount of shareholder’s contribution.

 

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3.              Term of the Pledge

 

3.1       The Pledge shall become effective on such date when Party C is registered with the relevant administration for industry and commerce (the “AIC”). The parties agree that on the date of signing this agreement, the Pledor and Party C shall, in accordance with the measures for the registration of equity pledge of the administration for industry and commerce, submit to the registration authority an application for registration of the pledge of equity. The parties further agree that within 20 working days from the date of formal acceptance of the application for registration of equity pledge by the registration authority, the registration procedures for equity pledge will be completed, the registration notice issued by the registration authority shall be obtained, and the equity pledge should be recorded intact and accurately in the registration book of the equity pledge.

 

3.2       The pledge shall remain in force and the term of pledge shall terminate at the earlier of the following 3 dates: (1) The date on which the unpaid secured obligation has been fully liquidated or paid in other applicable manner; and (2) the date on which the Pledgee exercises the right of pledge in accordance with the terms and conditions of this agreement for the fulfill of its rights; or (3) the date on which the Pledgor transfers all of its equity to the Pledgee or a third party (natural or legal person) designated by the Pledgee under the Exclusive Share Purchase Option Agreement and no longer holds the equity of Party C. During the term of pledge, if the Pledgor or Party C fails to perform their respective obligations under the main agreements, the pledgee shall have the right, but not the obligation, to dispose of the pledge in accordance with the provisions of this agreement.

 

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4.              Custody of Records for Equity Interest subject to the Pledge

 

4.1       During the Term of the Pledge set forth in this Agreement, the Pledgor shall deliver to the Pledgee’s custody the capital contribution certificate for the Equity Interest and the shareholders’ register containing the Pledge within one week from the execution of this Agreement. The Pledgee shall have custody of such documents during the entire Term of the Pledge set forth in this Agreement.

 

4.2       During the term of the pledge, the Pledgee shall have the right to collect dividends or other distributable interest arising from the equity and to determine autonomously the allocation or disposition of such dividends or interests.

 

4.3       If the Pledgee agrees in advance, the Pledgor may increase the contribution to Party C, provided that any capital contribution by the Pledgor to Party C is subject to the provisions of this agreement and that the new capital contribution is also pledge equity. Party C shall immediately change its register of shareholders in accordance with the provisions of this Article 4 and register the change of pledge with the registration authority within five (5) working days.

 

5.              Representations and Warranties of the Pledgor

 

5.1       The Pledgor is the sole legal and beneficial owner of the Equity Interest.

 

5.2       Except for the Pledge, the Pledgor has not placed any security interest or other encumbrance on the Equity Interest.

 

5.3       Party C is a limited liability company duly incorporated and effectively existing in accordance with Chinese law, which is officially registered with the competent administration of industry and commerce. The registered capital of Party C is RMB 5,154,639.17, and the Pledgor will pay the registered capital contribution in accordance with the provisions of the article of association of Party C.

 

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6.              Pledgor’s Promise and Further Agreement

 

6.1       During the valid term of this agreement, Pledgor hereby promise to the Pledgee that Pledgor will:

 

6.1.1                     not transfer the Equity Interest, place or permit the existence of any security interest or other encumbrance on the Equity Interest or any portion thereof, without the prior written consent of the Pledgee, except for the performance of the Exclusive Share Purchase Option Agreement;

 

6.1.2                     comply with the provisions of all laws and regulations applicable to the pledge of rights, and within five (5) days of receipt of any notice, order or recommendation issued or prepared by the competent authorities regarding the Pledge, shall present the aforementioned notice, order or recommendation to the Pledgee, and shall comply with the aforementioned notice, order or recommendation or submit objections and representations with respect to the aforementioned matters upon the Pledgee’s reasonable request or upon consent of the Pledgee;

 

6.1.3                     promptly notify the Pledgee of any event or notice received by the Pledgor that may have an impact on the Equity Interest or any portion thereof, as well as any event or notice received by the Pledgor that may have an impact on any guarantees and other obligations of the Pledgor arising out of this Agreement.

 

6.2       The Pledgor agrees that the right of the Pledgee to enjoy the pledge in accordance with this agreement shall not be interrupted or impaired by any legal process by Party C, Pledgor or any successor or representative of the Pledgor or any other person (collectively, the “relevant persons”). The Pledgor assures the Pledgee that it has made all appropriate arrangements and signed all necessary documents to ensure that, in the event of his death, incapacity, bankruptcy, divorce or other circumstances which may affect the exercise of his equity, his heirs, guardians, creditors, spouses, and other that may acquire equity or related rights thereof, cannot affect or hinder the performance of this agreement.

 

6.2.1                     Without the prior written consent of Party A, they shall not in any manner supplement, change or amend the articles of association and internal regulations of Party C, increase or decrease its registered capital, or change its structure of registered capital in other manners;

 

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6.2.2                     Without the prior written consent of the Pledgee, the relevant person will not sell, transfer, mortgage or dispose of any assets of Party C or any of its subsidiaries or of the legal or beneficial interests of Party C’s business or income in any way after the signing of this Agreement, nor will it permit the establishment of any relevant security interests;

 

6.2.3                     Without the prior written consent of the Pledgee, the relevant persons shall ensure that Party C will not distribute dividends to shareholders in any way, make distribution of property, reduce capital, initiate liquidation proceedings or make distribution in any other form. Any distribution (including, but not limited to, assets allocated or surplus property in liquidation) shall be deemed to be part of the pledge; or

 

6.2.4                     Without the prior written consent of the Pledgee, the relevant persons shall not make any act that causes or is likely to result in a reduction in the value of the equity or the validity of the pledge under this agreement. If the value of equity decrease significantly enough to jeopardize the rights of the Pledgee, the relevant persons shall immediately notify the Pledgee and, upon the reasonable request of the Pledgee, shall provide other property security satisfactory to the Pledgee, and take necessary action to resolve the above incident or reduce its adverse effects.

 

6.3 In order to protect or improve the security interest established in this agreement for the payment of the main agreements, the Pledgor hereby undertakes to sign in good faith and to induce the other parties concerned with the pledge to sign all certificates, agreements, Agreements and/or commitments required by the Pledgee. The Pledgor also undertakes to take and induce other parties concerned with the pledge to take action required by the Pledgee to exercise the rights and powers conferred upon it by this agreement and to sign all documents relating to equity ownership with the Pledgee and its designated person. The Pledgor undertakes to provide the Pledgee with all the notices, orders and decisions related to the pledge required by the Pledgee within a reasonable time.

 

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6.4 The author hereby undertakes to the pledge to comply with and perform all warranties, commitments, agreements, statements and conditions under this agreement. If the Plegor fails or partially fulfils his warranties, commitments, agreements, statements and conditions, the Pledgor shall compensate the Pledgee for all the losses resulting therefrom.

 

7.              Event of Breach

 

7.1       The following circumstances shall be deemed an Event of Default:

 

7.1.1 Party C fails to pay the consulting and service fees payable under the Business Cooperation agreement in full or violates any other obligations of Party C under this Agreement;

 

7.1.2 any representations or warranties made by the Pledgor or Party C under this agreement or any of the main agreements that contain misrepresentation or error in any respect, and/or that the Pledgor or Party C contravenes any representations or warranties under this agreement or any of the main agreements;

 

7.1.3 The Pledgor and Party C failed to complete the registration of the equity with the registration authority in accordance with the provisions of section 3.1;

 

7.1.4 The Pledgor and Party C violate or fail to perform any of the obligations under this agreement or any of the main agreements, or fail to comply with any of the provisions of this agreement or any of the main agreements;

 

7.1.5 Except for expressly provided in Article 6.1.1, the assignee transfers or purports to transfer or waive the pledged equity or to transfer the pledged equity interest without the written consent of the Pledgee;

 

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7.1.6 the Pledgor’s own loan, guarantee, compensation, commitment or other liability to any third party (1) is required to be paid or performed in advance due to the breach of Agreement by the Pledgor; or (2) has expired but cannot be repaid or performed as scheduled;

 

7.1.7 Any approval, license, permission or authorization of a government agency that makes this agreement enforceable, lawful and effective is withdrawn, suspended, invalidated or substantially altered;

 

7.1.8 The enactment of applicable law makes this agreement illegal or the Pledgor incapable to continue to perform its obligations under this agreement;

 

7.1.9 The adverse change in the property owned by the Pledgor, which leads the Pledgee to believe that the ability of the Pledgor to fulfil his obligations under this agreement has been affected;

 

7.1.10 the successors or trustees of Party C may only partially perform or refuse to perform the payment liability under the Business Cooperation Agreement; and

 

7.1.11 Any other situation in which the Pledgee cannot or may not be able to exercise his pledge right.

 

7.2       Party B should immediately notify Party A in writing of the occurrence of any event under Article 7.1 herein or any events that may result in the foregoing events upon his knowledge.

 

7.3       Unless the Default under Article 7.1 herein has been remedied to the Pledgee’s satisfaction, the Pledgee, at any time when the Event of Default occurs or thereafter, may issue a written notice of default to the Pledgor and require the Pledgor immediately make full payments of the outstanding service fees under the Service Agreement and other payables or foreclose on the Pledge in accordance with Article 8 herein.

 

8.              Exercise of the Pledge

 

8.1 Before the completion of the obligations under the main agreements, including but not limited to the full payment of the consultancy and service fees referred to in the Business Cooperation Agreement, the Pledgor shall not transfer the pledge or equity in Party C without the written consent of the Pledgee.

 

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8.2       The Pledgee could issue a written Notice of Default to the Pledgor when it exercises the Pledge.

 

8.3       Subject to the provisions of Section 7.3, the Pledgee may exercise the right to enforce the Pledge at any time after the issuance of the Notice of Default in accordance with Section 7.2.

 

8.4       The Pledgee shall have the right of priority to get paid for the transfer, auction or sale of the price of all or part of the equity pledged under this agreement in accordance with legal procedures, or to sign an agreement with the Pledgor to purchase the equity by means of the monetary value determined by reference to the market price of the pledge, until the satisfaction of all the secured obligations under this agreement (including, but not limited to, all outstanding payments due and payable under the Business Cooperation Agreement and all other payments due to the Pledgee) have been fulfilled.

 

8.5       When the Pledgee disposes the pledge under this agreement, the Pledgor and Party C shall provide necessary assistance to enable the Pledgee to exercise the pledge under this agreement.

 

9.              Assignment

 

9.1       Without the Pledgee’s prior written consent, the Pledgor and Party C shall not have the right to assign or delegate their rights and obligations under this Agreement.

 

9.2       This Agreement shall be binding on the Pledgor and his/her successors and permitted assigns, and shall be valid with respect to the Pledgee and each of its successors and assigns.

 

9.3       At any time, the Pledgee may assign any and all of its rights and obligations under the Transaction Documents and this Agreement to its designee(s) (natural persons or legal entities), in which case the assigns shall have the rights and obligations of the Pledgee under the Transaction Documents and this Agreement, as if it were the original party to the Transaction Documents and this Agreement. When the Pledge transfers its rights and obligations under the main agreements, the Pledgor should sign relevant agreements or other documents relevant to the transfer as requested by the Pledgee.

 

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9.4       In the event of change of the Pledgee due to assignment, the Pledgor shall, at the request of the Pledgee, execute a new pledge agreement with the new pledgee on the same terms and conditions as this Agreement.

 

9.5       The Pledgor shall strictly abide by the provisions of this Agreement and other Agreements jointly or separately executed by the Parties hereto or any of them, including the Transaction Documents, perform the obligations hereunder and thereunder, and refrain from any action/omission that may affect the effectiveness and enforceability thereof.  Any remaining rights of the Pledgor with respect to the Equity Interest pledged hereunder shall not be exercised by the Pledgor except in accordance with the written instructions of the Pledgee.

 

10.       Termination

 

After the termination of the pledge period provided for in article 3 of this agreement, this agreement shall be terminated and the Pledgee shall terminate this Agreement as soon as reasonably practicable.

 

11.       Handling Fees and Other Expenses

 

All fees and out of pocket expenses relating to this Agreement, including but not limited to legal costs, costs of production, stamp tax and any other taxes and fees, shall be borne by Party C. If the applicable law requires the Pledgee to bear relevant taxes and other expenses, the Pledgor shall promote Party C to repay the full amount of the taxes and fees paid by the Pledgee.

 

12.       Confidentiality

 

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

 

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13.       Governing Law and Resolution of Disputes

 

13.1    The execution, effectiveness, interpretation, performance, amendment and termination of this Agreement and the resolution of disputes hereunder shall be governed by the officially published and openly available laws of China.

 

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

 

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

 

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14.       Notices

 

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

 

 

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

 

14.1.2              Notices given by facsimile transmission shall be deemed effectively given on the date of successful transmission (as evidenced by an automatically generated confirmation of transmission).

 

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

 

Party A: Beijing Hologram Wimi Cloud Network Technology Co., Ltd.

 

Address: Zhixincun Building No.1, Floor 8, 805-17, Haidian District, Beijing

 

Receipt: Zheng Xiaojuan

 

Email:18834074066@163.com

 

Party B:

 

Party B1: Yao Zhaohua

 

Address: No. 70 No.1 team, Diaowoxiang Diaosicun, Zhuozhou City, Hebei Province

 

Receipt: Liang Ziyue

 

Email: liangzy@wimiar.com

 

Party B2: Xinjiang Shengshi Canjin Venture Investment Partnership (Limited Partnership)

 

Address: No. 258 Gaoxin Stree5, Shumagang Building No. 2015-781, High and new technology industry development District, Urumqi, Xinjiang

 

Receipt: Lei Yilun

 

Email: leiyilun@sensegain.com

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Party B3: Horgos Guosheng Zhongxing Venture Investment Partnership (Limited Partnership)

 

Address: Horgos Kalasu River Oulujingdian No. 1-110-923, Yili, Xinjiang

 

Receipt: Lu Jiahui

 

Email: 2237672998@qq.com

 

Party B4: Hangzhou Chuyuan Investment Partnership (Limited Partnership)

 

Address: Ningweijiedao Minhe Road No. 479 Guotai Keji Building Room 801, Xiaoshan Distrcit

 

Receipt: Huang Yu

 

Email: 1147698933@qq.com

 

Party B5: Song Xiurong

 

Address: No. 502, Door 3, Building No. 2, No. 4 Street, Yiranxiaoqu, Haibin Street, Dagang District, Tianjin City

 

Receipt: Song Xiurong

 

Email: 78536097@qq.com

 

Party B6: Shenzhen Qianhai Shengshi Yujin Investment Company (Limited Partnership)

 

Address: No.1 Qianwanyilu, Building A, Room 201, Qianhaishengang Coopearting District, Shenzhen City

 

Receipt: Lei Yilun

 

Email: leiyilun@sensegain.com

 

Party B7: Shanghai Yingqu Yunlu Venture Investment Partnership (Limited Partnership)

 

Address: No. 8 Shengze Road, Floor 13 Building D, Huangpu District, Shanghai City

 

Receipt: Liu Chao

 

Email: neil@shdelightcapital.com

 

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Party B8: Xinyu Jindinghui Investment Management Center (Limited Partnership)

 

Address: No. 1160 Zhanqianxi Road extension section, Yushui District, Xinyu City, Jiangxi Province

 

Receipt: Ye Qian

 

Email: yeqian-1984@163.com

 

Party B9: Wang Haili

 

ID No.: Room 401, Unit 2, Building 4, Yard 8, Shifudong No. 2 Street, Zhangdian District, Zibo City, Shandong Province

 

Receipt: Liu Chao

 

Email: neil@shdelightcapital.com

 

Party B10: Tang Dan

 

Address: Room 1502, Unit 6, Building 3, No. 280 Xinleshen Street, Gaoxi District, Chengdu City

 

Receipt: Liu Chao

 

Email: neil@shdelightcapital.com

 

Party B11: Zheng Yuhang

 

Address: Room 1701, No. 12 of No. 309 Donghanyang Road, Hongqiao District, Shanghai City

 

Receipt: Liu Chao

 

Email: neil@shdelightcapital.com

 

Party C: Beijing Wimi Cloud Software Co., Ltd.

 

Registered Address: No. 49 Badachu Road, No. 816 Floor 6, Shijingshan District, Beijing City

 

Receipt: Liang Ziyue

 

Email: liangzy@wimiar.com

 

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14.3 Any Party may at any time change its address for notices by a notice delivered to the other Parties in accordance with the terms hereof.

 

15.       Severability

 

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

 

16.       Attachments

 

The attachments set forth herein shall be an integral part of this Agreement.

 

17.       Effectiveness

 

17.1             This agreement becomes effective on the date of signing. The Parties shall amend this Agreement in the event of any modification of this agreement by the U.S. Securities and Exchange Commission or other regulatory bodies, or any changes in the listing rules or related requirements of the U.S. Securities and Exchange Commission relating to this agreement, the parties shall amend this agreement accordingly.

 

17.2             This Agreement is written in Chinese in thirteen copies, each Party having one copy. Each copy shall have equal legal validity.

 

——The following are signature pages——

 

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

 

Beijing Hologram Wimi Cloud Network Technology Co., Ltd. (Seal)

 

 

	
Signature:
    	
/s/ Fanhua   Meng
    	
 
    
	
 
    	
 
    
	
Name:
    	
 
    
	
 
    	
 
    
	
Position:
    	
 
    

 

 

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

 

Yao Zhaohua

 

 

	
Signature:
    	
/s/ Yao   Zhaohua
    	
 
    

 

 

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

 

Song Xiurong

 

 

	
Signature:
    	
/s/ Song   Xiurong
    	
 
    

 

 

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

 

Wang Haili

 

 

	
Signature:
    	
/s/ Wang   Haili
    	
 
    

 

 

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

 

Tang Dan

 

 

	
Signature:
    	
/s/ Tang   Dan
    	
 
    

 

 

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

 

Zheng Yuhang

 

 

	
Signature:
    	
/s/ Zheng   Yuhang
    	
 
    

 

 

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

 

	
Xinjiang Shengshi   Canjin Venture Investment Partnership (Limited Partnership) (Seal)
    

 

 

	
Signature:
    	
/s/   Xinjiang Ning
    	
 
    
	
 
    	
 
    
	
Name:
    	
 
    
	
 
    	
 
    
	
Position:
    	
 
    

 

 

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

 

Horgos Guosheng Zhongxing Venture Investment Partnership (Limited Partnership) (Seal)

 

 

	
Signature:
    	
/s/ Jiahui   Lu
    	
 
    
	
 
    	
 
    
	
Name:
    	
 
    
	
 
    	
 
    
	
Position:
    	
 
    

 

 

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

 

Hangzhou Chuyuan Investment Partnership (Limited Partnership) (Seal)

 

 

	
Signature:
    	
/s/ Guocan   Zhou
    	
 
    
	
 
    	
 
    
	
Name:
    	
 
    
	
 
    	
 
    
	
Position:
    	
 
    

 

 

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

 

Shenzhen Qianhai Shengshi Yujin Investment Company (Limited Partnership) (Seal)

 

 

	
Signature:
    	
/s/   Xinjiang Ning
    	
 
    
	
 
    	
 
    
	
Name:
    	
 
    
	
 
    	
 
    
	
Position:
    	
 
    

 

 

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

 

Shanghai Yingqu Yunlu Venture Investment Partnership (Limited Partnership) (Seal)

 

 

	
Signature:
    	
/s/   Hairong Wang
    	
 
    
	
 
    	
 
    
	
Name:
    	
 
    
	
 
    	
 
    
	
Position:
    	
 
    

 

 

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

 

Xinyu Jindinghui Investment Management Center (Limited Partnership) (Seal)

 

 

	
Signature:
    	
/s/   Yonghong ji
    	
 
    
	
 
    	
 
    
	
Name:
    	
 
    
	
 
    	
 
    
	
Position:
    	
 
    

 

 

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

 

Beijing Wimi Cloud Software Co., Ltd. (Seal)

 

 

	
Signature:
    	
/s/   Zhaohua Yao
    	
 
    
	
 
    	
 
    
	
Name:
    	
 
    
	
 
    	
 
    
	
Position:
    	
 
    

 

 

Attachments:

 

1                                         ROM of Beijing Wimi Cloud Software Co., Ltd.

 

	
Name
    	
 
    	
ID No. / License No.
    
	
Yao Zhaohua
    	
 
    	
421122198207240060
    
	
Xinjiang Shengshi Canjin Venture Investment   Partnership (Limited Partnership)
    	
 
    	
916501003287709814
    
	
Horgos Guosheng Zhongxing Venture Investment   Partnership (Limited Partnership)
    	
 
    	
91654004MA77A2E21W
    
	
Hangzhou Chuyuan Investment Partnership (Limited   Partnership)
    	
 
    	
91330109MA27X0T52C
    
	
Song Xiurong
    	
 
    	
120109194907075560
    
	
Shenzhen Qianhai Shengshi Yujin Investment Company   (Limited Partnership)
    	
 
    	
91440300349700966E
    
	
Shanghai Yingqu Yunlu Venture Investment Partnership   (Limited Partnership)
    	
 
    	
91310000MA1FL0XN5H
    
	
Xinyu Jindinghui Investment Management Center (Limited   Partnership)
    	
 
    	
91360502MA35GXAD4R
    
	
Wang Haili
    	
 
    	
370303196907311728
    
	
Tang Dan
    	
 
    	
510124198210020046
    
	
Zheng Yuhang
    	
 
    	
310109197911014014
    
	
Yao Zhaohua
    	
 
    	
421122198207240060
    

 

 

2.

 

Beijing Wimi Cloud Software Co., Ltd.

 

	
Date: November 6, 2018
    

 

	
Name
    	
 
    	
ID No.
   / License No.
    	
 
    	
Capital (10
   thousand
   RMB)
    	
 
    	
Equity Pledge
    	
 
    
	
Yao Zhaohua
    	
 
    	
421122198207240060
    	
 
    	
422.948
    	
 
    	
Has all pledged to Beijing Hologram Wimi Cloud   Network Technology Co., Ltd.
    	
 
    
	
Xinjiang Shengshi Canjin Venture Investment   Partnership (Limited Partnership)
    	
 
    	
916501003287709814
    	
 
    	
53.92
    	
 
    	
Has all pledged to Beijing Hologram Wimi Cloud   Network Technology Co., Ltd.
    	
 
    
	
Horgos Guosheng Zhongxing Venture Investment   Partnership (Limited Partnership)
    	
 
    	
91654004MA77A2E21W
    	
 
    	
10.309278
    	
 
    	
Has all pledged to Beijing Hologram Wimi Cloud   Network Technology Co., Ltd.
    	
 
    
	
Hangzhou Chuyuan Investment Partnership (Limited   Partnership)
    	
 
    	
91330109MA27X0T52C
    	
 
    	
7.716
    	
 
    	
Has all pledged to Beijing Hologram Wimi Cloud   Network Technology Co., Ltd.
    	
 
    
	
Song Xiurong
    	
 
    	
120109194907075560
    	
 
    	
5.154639
    	
 
    	
Has all pledged to Beijing Hologram Wimi Cloud   Network Technology Co., Ltd.
    	
 
    
	
Shenzhen Qianhai Shengshi Yujin Investment Company   (Limited Partnership)
    	
 
    	
91440300349700966E
    	
 
    	
3.858
    	
 
    	
Has all pledged to Beijing Hologram Wimi Cloud Network   Technology Co., Ltd.
    	
 
    
	
Shanghai Yingqu Yunlu Venture Investment Partnership   (Limited Partnership)
    	
 
    	
91310000MA1FL0XN5H
    	
 
    	
3.85
    	
 
    	
Has all pledged to Beijing Hologram Wimi Cloud   Network Technology Co., Ltd.
    	
 
    
	
Xinyu Jindinghui Investment Management Center   (Limited Partnership)
    	
 
    	
91360502MA35GXAD4R
    	
 
    	
3.858
    	
 
    	
Has all pledged to Beijing Hologram Wimi Cloud   Network Technology Co., Ltd.
    	
 
    
	
Wang Haili
    	
 
    	
370303196907311728
    	
 
    	
2.5
    	
 
    	
Has all pledged to Beijing Hologram Wimi Cloud   Network Technology Co., Ltd.
    	
 
    
	
Tang Dan
    	
 
    	
510124198210020046
    	
 
    	
0.75
    	
 
    	
Has all pledged to Beijing Hologram Wimi Cloud   Network Technology Co., Ltd.
    	
 
    
	
Zheng Yuhang
    	
 
    	
310109197911014014
    	
 
    	
0.6
    	
 
    	
Has all pledged to Beijing Hologram Wimi Cloud   Network Technology Co., Ltd.
    	
 
    

 

Company: Beijing Wimi Cloud Software Co., Ltd.(Seal)

 

Legal Representative:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00297-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00297-of-00352.parquet"}]]