Document:

Exhibit 10.5

 

SHARE TRANSFER AGREEMENT

 

This SHARE
TRANSFER AGREEMENT, dated as of April 22, 2019 (this “Agreement”), is made by and between AEC Management
Ltd., a British Virgin Islands limited liability company (“AEC BVI”), and AEC Southern Management Co.,
Ltd., a company incorporated pursuant to the laws of England and Wales (“AEC Southern UK”). AEC BVI and
AEC Southern UK are sometimes referred to hereinafter individually as a “Party” and collectively as the
 “Parties.”

 

RECITALS

 

WHEREAS,
AEC Southern UK owns 100% of the equity interest in AEC Southern Management Limited, a company incorporated pursuant to the
laws of Hong Kong (“AEC Southern HK”);

 

WHEREAS, AEC Southern UK desire to sell
and AEC BVI desires to purchase 10,000 ordinary shares of AEC Southern HK (the “HK Shares”),
representing the 100% equity interest of AEC Southern HK; and

 

WHEREAS,
following the Transfer (as defined below), AEC Southern HK and its subsidiaries will become wholly-owned subsidiaries of AEC BVI.

 

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

 

SECTION
I TRANSFER OF SHARES

 

1.1 On
the terms and subject to the conditions set forth in this Agreement, at the Closing (i) AEC Southern UK will sell, convey, transfer,
and assign to AEC BVI, free and clear of all liens, pledges, encumbrances, changes, restrictions or known claims of any kind, nature
or description, and AEC BVI will purchase and accept from AEC Southern UK, the HK Shares, and (ii) in exchange for the transfer
of such securities by AEC Southern UK, AEC BVI will pay AEC Southern UK a purchase price of US$1 for the HK Shares (such transaction
referred to hereinafter as the “Transfer”). Upon completion of the Transfer, 100% of the equity interest
of AEC Southern HK shall be held directly by AEC BVI.

 

1.2 The
closing of the Transfer (the “Closing”) shall take place simultaneously with the execution of this Agreement.

 

SECTION II

AEC SOUTHERN UK REPRESENTATIONS
AND WARRANTIES.

 

AEC Southern
UK hereby represents and warrants to AEC BVI, all of which representations and warranties are true, complete, and correct in all
respects as of the date hereof and will be as of the Closing, as follows:

 

2.1 AEC
Southern UK is a company duly organized, validly existing, and in good standing under the laws of England and Wales. AEC Southern
UK owns 100% equity interest in AEC Southern HK. AEC Southern HK owns 100% equity interest in Qianhai Meijiao Education Consulting
Management Co., Ltd., a company incorpo rated pursuant to the People’s Republic of China laws (“AEC Southern
Shenzhen,” and together with AEC Southern HK, the “Acquired Companies”). AEC Southern HK
and AEC Southern Shenzhen are duly organized, validly existing, and in good standing under their respective jurisdictions.

 

2.2 Upon
the approval of its board of directors, AEC Southern UK will have all requisite corporate right, power, legal capacity, and authority
to enter into and perform its obligations under this Agreement. All of the HK Shares owned by AEC Southern UK are owned free and
clear of all liens, pledges, encumbrances, changes, restrictions, or known claims of any kind, nature, or description.

 

     

     

    

 

2.3 The
equity interest of AEC Southern HK owned by AEC Southern UK will, at the Closing, be validly transferred to AEC BVI free and clear
of any encumbrances and from all taxes, liens and charges with respect to the transfer thereof and such shares of ordinary shares
of AEC Southern HK shall be fully paid and non-assessable with the holder being entitled to all rights accorded to a holder of
ordinary share of AEC Southern HK.

 

2.4 AEC
Southern UK has received all the information it considers necessary or appropriate for deciding whether to sell the HK Shares.
AEC Southern UK further represents that it has had an opportunity to ask questions and receive answers from AEC Nevada regarding
the Transfer and to obtain such additional information (to the extent that AEC BVI possessed such information or could acquire
it without unreasonable effort or expense) necessary to verify the accuracy of any information furnished to it or to which it had
access.

 

2.5 AEC
Southern UK has not relied on and is not relying on any representations, warranties or other assurances regarding AEC BVI other
than the representations and warranties expressly set forth in this Agreement.

 

2.6 The
execution and delivery of this Agreement and the consummation by AEC Southern UK of the transactions contemplated herein do not
and will not on the Closing (A) conflict with or violate any of the terms of the articles of incorporation and bylaws of AEC Southern
UK or the Acquired Companies or any applicable law relating to AEC Southern UK or the Acquired Companies, (B) conflict with, or
result in a breach of any of the terms of, or result in the acceleration of any indebtedness or obligations under, any material
agreement, obligation or instrument by which AEC Southern UK or the Acquired Companies are bound or to which any property of AEC
Southern UK or the Acquired Companies is subject, or constitute a default thereunder, other than those material agreements, obligations
or instruments for which AEC Southern UK or the Acquired Companies have obtained consent for the transactions contemplated under
this Agreement, (C) result in the creation or imposition of any lien on any of the assets of AEC Southern UK or the Acquired Companies,
(D) constitute an event permitting termination of any material agreement or instrument to which AEC Southern UK or the Acquired
Companies are a party or by which any property or asset of AEC Southern UK or the Acquired Companies is bound or affected, pursuant
to the terms of such agreement or instrument, other than those material agreements or instruments for which AEC Southern UK or
the Acquired Companies have obtained consent for the transactions contemplated under this Agreement, or (E) conflict with, or result
in or constitute a default under or breach or violation of or grounds for termination of, any license, permit, or other governmental
authorization to which AEC Southern UK or the Acquired Companies are a party or by which AEC Southern UK or the Acquired Companies
may be bound, or result in the violation by AEC Southern UK or the Acquired Companies of any laws to which AEC Southern UK or the
Acquired Companies may be subject, which would materially adversely affect the transactions contemplated herein. No authorization,
consent or approval of, notice to, or filing with, any public body or governmental authority or any other person is necessary or
required in connection with the execution and delivery by AEC Southern UK or the Acquired Companies of this Agreement or the performance
by AEC Southern UK or the Acquired Companies of their obligations hereunder.

 

SECTION III

AEC BVI REPRESENTATIONS
AND WARRANTIES.

 

AEC BVI
hereby represents and warrants to AEC Southern UK, all of which representations and warranties are true, complete, and correct
in all respects as of the date hereof and will be as of the Closing, as follows:

 

3.1 AEC
BVI is a corporation duly organized, validly existing, and in good standing under the laws of the British Virgin Islands. AEC Southern
BVI has no subsidiaries or any direct or indirect ownership interest in any other corporation, partnership, association, firm,
or business in any manner.

 

     

     

    

 

3.2
AEC BVI has full power and authority to enter into and perform its obligations under this Agreement. This Agreement has been
duly executed by AEC BVI and constitutes the legal, valid, binding, and enforceable obligation of AEC BVI, enforceable
against AEC BVI in accordance with its terms. The execution and delivery of this Agreement and the consummation by AEC BVI of
the transactions contemplated herein do not and will not on the Closing (A) conflict with or violate any of the terms of the
articles of incorporation and bylaws of AEC BVI or any applicable law relating to AEC BVI, (B) conflict with, or result in a
breach of any of the terms of, or result in the acceleration of any indebtedness or obligations under, any material
agreement, obligation or instrument by which AEC BVI is bound or to which any property of AEC BVI is subject, or constitute a
default thereunder, other than those material agreements, obligations or instruments for which AEC BVI has obtained consent
for the transactions contemplated under this Agreement, (C) result in the creation or imposition of any lien on any of the
assets of AEC BVI, (D) constitute an event permitting termination of any material agreement or instrument to which AEC BVI is
a party or by which any property or asset of AEC BVI is bound or affected, pursuant to the terms of such agreement or
instrument, other than those material agreements or instruments for which AEC BVI has obtained consent for the transactions
contemplated under this Agreement, or (E) conflict with, or result in or constitute a default under or breach or violation of
or grounds for termination of, any license, permit, or other governmental authorization to which AEC BVI is a party or by
which AEC BVI may be bound, or result in the violation by AEC BVI of any laws to which AEC BVI may be subject, which would
materially adversely affect the transactions contemplated herein. No authorization, consent or approval of, notice to, or
filing with, any public body or governmental authority or any other person is necessary or required in connection with the
execution and delivery by AEC BVI of this Agreement or the performance by AEC BVI of its obligations hereunder.

 

3.3 AEC
BVI has received all the information it considers necessary or appropriate for deciding whether to purchase the HK Shares. AEC
BVI further represents that it has had an opportunity to ask questions and receive answers from AEC Southern UK regarding the financial
and other affairs of the Acquired Companies and to obtain such additional information (to the extent that AEC Southern UK possessed
such information or could acquire it without unreasonable effort or expense) necessary to verify the accuracy of any information
furnished to it or to which it had access.

 

3.4 AEC
BVI has not relied on and is not relying on any representations, warranties or other assurances regarding AEC BVI other than the
representations and warranties expressly set forth in this Agreement.

 

SECTION
IV GENERAL PROVISIONS

 

4.1 Indemnification.
Each Party agrees to indemnify, defend, and hold harmless the other Party against and in respect of any loss, damage, deficiency,
cost, or expense (including without limitation reasonable attorneys’ fees) resulting from any breach by itself of any of
its representations, warranties, covenants, or agreements contained in this Agreement.

 

4.2 Survival.
All representations, warranties, covenants, and obligations in this Agreement shall survive until the expiration of the applicable
statute of limitation with respect to the underlying claim to which such representation, warranty, covenant, or obligation relates.

 

4.3 Written
Changes. Neither this Agreement nor any provision hereof may be changed, waived, discharged or terminated orally, except
by a statement in writing signed by the Party against which enforcement of the change, waiver, discharge or termination is sought.

 

4.4 Delays
or Omissions. Except as expressly provided herein, no delay or omission to exercise any right, power, or remedy accruing
to any party under this Agreement shall impair any such right, power, or remedy of such party nor shall it be construed to be a
waiver of any such breach or default, or an acquiescence thereto, or of a similar breach or default thereafter occurring; nor shall
any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or thereafter occurring.
Any waiver, permit, consent, or approval of any kind or character on the part of any party hereto of any breach or default under
this Agreement, or any waiver on the part of any party of any provisions or conditions of this Agreement, must be in writing and
shall be effective only to the extent specifically set forth in such writing.

 

4.5 Entire
Agreement. This Agreement constitutes the entire understanding and agreement of the Parties with respect to the subject
matter hereof and supersedes all prior and contemporaneous agreements or understandings, inducements or conditions, express or
implied, written or oral, between the Parties with respect hereto. The express terms hereof control and supersede any course of
performance or usage of the trade inconsistent with any of the terms hereof.

 

     

     

    

 

4.6 Severability.
Should any one or more of the provisions of this Agreement or of any agreement entered into pursuant to this Agreement be determined
to be illegal or unenforceable, all other provisions of this Agreement and of each other agreement entered into pursuant to this
Agreement, shall be given effect separately from the provision or provisions determined to be illegal or unenforceable and shall
not be affected thereby. The Parties further agree to replace such void or unenforceable provision of this Agreement with a valid
and enforceable provision which will achieve, to the extent possible, the economic, business and other purposes of the void or
unenforceable provision.

 

4.7 Successors
and Assigns. The terms and conditions of this Agreement shall inure to the benefit of and be binding upon and be enforceable
by the successors and assigns of the Parties.

 

4.8 Governing
Law. The validity, terms, performance, and enforcement of this Agreement shall be governed and construed by the provisions
hereof and in accordance with the internal laws of the State of New York applicable to agreements that are negotiated, executed,
delivered and performed in the State of New York.

 

4.9 Counterparts.
This Agreement may be executed concurrently in two or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument and shall become effective when counterparts have been signed by each
Party and delivered to the other Party.

 

4.10 Further
Assurances. Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall
execute and deliver all such other agreements, certificates, instruments, and documents, as the other party may reasonably request
in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated
hereby.

 

4.11 Third
Party Beneficiaries. Nothing expressed or implied in this Agreement is intended, or shall be construed, to confer upon
or give any person other than the Parties any rights or remedies under or by reason of this Agreement.

 

4.12 Headings.
The headings of this Agreement are for convenience of reference and shall not form part of, or affect the interpretation of, this
Agreement.

 

[SIGNATURE PAGES TO FOLLOW]

 

     

     

    

 

IN WITNESS WHEREOF, the parties
have executed and delivered this Share Transfer Agreement as of the date first written above.

 

AEC
Southern Management Co., Ltd.

 

	By:	 	 
	Name:	Ye TIAN	 
	Title:	 Director	 

 

AEC Management Ltd.

 

	By:	 	 
	Name:	Conying Fang	 
	Title:	Director, President, and Chief Executive OfficerExhibit 10.6

 

SHARE EXCHANGE AGREEMENT

 

THIS
SHARE EXCHANGE AGREEMENT, dated as of May 1, 2019 (this “Agreement”), is made by and among
American Education Center, Inc., a Nevada corporation (“AEC Nevada”), all of the individuals listed on the signature
page (each a “Stockholder,” and collectively, the “Stockholders”) who collectively own 1,000,000
shares of common stock of AEC Nevada. AEC Nevada and the Stockholders are sometimes referred to hereinafter individually as a “Party”
and collectively as the “Parties.”

 

RECITALS

 

WHEREAS, each Stockholder is an equity stockholder
of AEC Nevada as listed on Schedule A hereto;

 

WHEREAS,
AEC Nevada owns 100% of the equity interest of AEC Southern Management Co., Ltd. (“AEC Southern UK”), a company
incorporated pursuant to the laws of England and Wales;

 

WHEREAS,
the Stockholders desire to exchange 1,000,000 shares of common stock of AEC Nevada (the “Return Shares”), each
in such individual amounts of shares in accordance with Schedule A, for the 100% equity interest of AEC Southern UK, and
AEC Nevada has agreed to exchange the 100% equity interest of AEC Southern UK for the Return Shares; and

 

WHEREAS,
following the Exchange (as defined below), AEC Southern UK will become a stand-alone company 100% owned by the Stockholders.

 

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

 

SECTION I EXCHANGE
OF SHARES

 

1.1 On
the terms and subject to the conditions set forth in this Agreement, at the Closing (i) the Stockholders will sell, convey, transfer,
and assign to AEC Nevada, free and clear of all liens, pledges, encumbrances, changes, restrictions or known claims of any kind,
nature or description, and AEC Nevada will purchase and accept from Stockholders, the Return Shares, in the individual amount as
set forth on Schedule A, and (ii) in exchange for the transfer of such securities by the Stockholders, AEC Nevada will sell,
convey, transfer, and assign to Stockholders, and Stockholders will purchase and accept from AEC Nevada, 10,000 ordinary shares
of AEC Southern UK which represents 100% of the issued and outstanding ordinary shares of AEC Southern UK (the “UK Shares”),
in the individual amounts as set forth on Schedule A (such exchange referred to herein as the “Exchange”).
Upon completion of the Exchange, 100% of the equity interest of AEC Southern UK shall be held directly by the Stockholders.

 

1.2 The
closing of the Exchange (the “Closing”) shall take place simultaneously with the execution of this Agreement.

 

1.3 The
Return Shares and the UK Shares to be exchanged pursuant to Section 1.1 shall be appropriately adjusted to take into account any
other stock split, stock dividend, reverse stock split, recapitalization, or similar change in common stock of AEC Nevada or ordinary
share of AEC Southern UK, as the case may be, which may occur between the date of execution of this Agreement and the Closing,
as to the Return Shares and the UK Shares, as the case may be.

 

     

     

    

 

SECTION II

STOCKHOLDERS REPRESENTATIONS
AND WARRANTIES.

 

Each Stockholder severally,
and not jointly, hereby represents and warrants to AEC Nevada, all of which representations and warranties are true, complete,
and correct in all respects as of the date hereof and will be as of the Closing, as follows:

 

2.1      Such
Stockholder has the right, power, legal capacity, and authority to enter into and perform such Stockholder’s obligations
under this Agreement; and no approvals or consents are necessary in connection with it. All of the shares of common stock of AEC
Nevada owned by such Stockholder are owned free and clear of all liens, pledges, encumbrances, changes, restrictions, or known
claims of any kind, nature, or description.

2.2       The
equity interest of AEC Nevada owned by such Stockholder will, at the Closing, be validly transferred to AEC Nevada free and clear
of any encumbrances and from all taxes, liens and charges with respect to the transfer thereof and such shares of common stock
of AEC Nevada shall be fully paid and non-assessable with the holder being entitled to all rights accorded to a holder of common
stock of AEC Nevada.

2.3       Each
such Stockholder has received all the information such Stockholder considers necessary or appropriate for deciding whether to acquire
the UK Shares. Each such Stockholder understands the risks involved in an investment in the UK Shares. Each such Stockholder further
represents that such Stockholder has had an opportunity to ask questions and receive answers from AEC Nevada regarding the business,
properties, prospects, and financial condition of AEC Southern UK and to obtain such additional information (to the extent that
AEC Nevada possessed such information or could acquire it without unreasonable effort or expense) necessary to verify the accuracy
of any information furnished to such Stockholder or to which such Stockholder had access.

2.4       Each
such Stockholder has not relied on and is not relying on any representations, warranties or other assurances regarding AEC Nevada
other than the representations and warranties expressly set forth in this Agreement.

 

SECTION III

AEC NEVADA REPRESENTATIONS
AND WARRANTIES.

 

AEC Nevada
hereby represents and warrants to Stockholders, all of which representations and warranties are true, complete, and correct in
all respects as of the date hereof and will be as of the Closing, as follows:

 

3.1       AEC
Nevada is a corporation duly organized, validly existing, and in good standing under the laws of the State of Nevada. AEC Southern
UK is a company duly organized, validly existing, and in good standing under the laws of England and Wales. AEC Southern UK has
no subsidiaries or any direct or indirect ownership interest in any other corporation, partnership, association, firm, or business
in any manner.

 

3.2      AEC Nevada has full power and authority to
enter into and perform its obligations under this Agreement. This Agreement has been duly executed by AEC Nevada and
constitutes the legal, valid, binding, and enforceable obligation of AEC Nevada, enforceable against AEC Nevada in accordance
with its terms. The execution and delivery of this Agreement and the consummation by AEC Nevada of the transactions
contemplated herein do not and will not on the Closing (A) conflict with or violate any of the terms of the articles of
incorporation and bylaws of AEC Nevada or any applicable law relating to AEC Nevada, (B) conflict with, or result in a breach
of any of the terms of, or result in the acceleration of any indebtedness or obligations under, any material agreement,
obligation or instrument by which AEC Nevada is bound or to which any property of AEC Nevada is subject, or constitute a
default thereunder, other than those material agreements, obligations or instruments for which AEC Nevada has obtained
consent for the transactions contemplated under this Agreement, (C) result in the creation or imposition of any lien on any
of the assets of AEC Nevada, (D) constitute an event permitting termination of any material agreement or instrument to which
AEC Nevada is a party or by which any property or asset of AEC Nevada is bound or affected, pursuant to the terms of such
agreement or instrument, other than those material agreements or instruments for which AEC Nevada has obtained consent for
the transactions contemplated under this Agreement, or (E) conflict with, or result in or constitute a default under or
breach or violation of or grounds for termination of, any license, permit, or other governmental authorization to which AEC
Nevada is a party or by which AEC Nevada may be bound, or result in the violation by AEC Nevada of any laws to which AEC
Nevada may be subject, which would materially adversely affect the transactions contemplated herein. No authorization,
consent or approval of, notice to, or filing with, any public body or governmental authority or any other person is necessary
or required in connection with the execution and delivery by AEC Nevada of this Agreement or the performance by AEC Nevada of
its obligations hereunder.

 

3.3       The
UK Shares constitute all of the equity interests of AEC Southern UK. No securities of AEC Southern UK are entitled to pre-emptive
or similar rights, and no person has any right of first refusal, pre-emptive right, right of participation, or any similar right
to participate in the transactions contemplated by this Agreement. There are no outstanding options, warrants, rights to subscribe
to, calls or commitments of any character whatsoever relating to, or securities, rights or obligations convertible into or exchangeable
for, or giving any person any right to subscribe for or acquire, equity interests of AEC Southern UK.

 

     

     

    

 

SECTION
IV GENERAL PROVISIONS

 

4.1      Releases
and Waivers of Stockholders. Each Stockholder on its own behalf hereby acknowledges and agrees that the amount of AEC Nevada
set forth on Schedule A represents the entire Return Shares held by such Stockholder as of the date of this Agreement and
as of the Closing. Each Stockholder hereby releases AEC Nevada from all obligations, liabilities, and causes of action arising
before, on or after the date of this Agreement, out of or in relation to any entitlement which such Stockholder may have with respect
to any Return Shares in excess of the number of Return Shares set forth on Schedule A. Each Stockholder hereby generally,
irrevocably, unconditionally, and completely waives any and all rights to receive any anti-dilution protection to which such Stockholder
may be entitled under the articles of incorporation, bylaws, or other organizational documents of AEC Nevada or under any other
agreement or instrument in connection with the Exchange. Each Stockholder hereby generally, irrevocably, unconditionally, and completely
waives any and all rights existing as of the date hereof to receive options, depository receipts, warrants, stock appreciation
or similar rights to acquire or receive securities in AEC Nevada.

 

4.2      Survival.
All representations, warranties, covenants, and obligations in this Agreement shall survive until the expiration of the applicable
statute of limitation with respect to the underlying claim to which such representation, warranty, covenant, or obligation relates.

 

4.3      Written
Changes. Neither this Agreement nor any provision hereof may be changed, waived, discharged or terminated orally, except
by a statement in writing signed by the Party against which enforcement of the change, waiver, discharge or termination is sought.

 

4.4      Delays
or Omissions. Except as expressly provided herein, no delay or omission to exercise any right, power, or remedy accruing
to any party under this Agreement shall impair any such right, power, or remedy of such party nor shall it be construed to be a
waiver of any such breach or default, or an acquiescence thereto, or of a similar breach or default thereafter occurring; nor shall
any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or thereafter occurring.
Any waiver, permit, consent, or approval of any kind or character on the part of any party hereto of any breach or default under
this Agreement, or any waiver on the part of any party of any provisions or conditions of this Agreement, must be in writing and
shall be effective only to the extent specifically set forth in such writing.

 

4.5      Entire
Agreement. This Agreement constitutes the entire understanding and agreement of the Parties with respect to the subject
matter hereof and supersedes all prior and contemporaneous agreements or understandings, inducements or conditions, express or
implied, written or oral, between the Parties with respect hereto. The express terms hereof control and supersede any course of
performance or usage of the trade inconsistent with any of the terms hereof.

 

4.6      Severability.
Should any one or more of the provisions of this Agreement or of any agreement entered into pursuant to this Agreement be determined
to be illegal or unenforceable, all other provisions of this Agreement and of each other agreement entered into pursuant to this
Agreement, shall be given effect separately from the provision or provisions determined to be illegal or unenforceable and shall
not be affected thereby. The Parties further agree to replace such void or unenforceable provision of this Agreement with a valid
and enforceable provision which will achieve, to the extent possible, the economic, business and other purposes of the void or
unenforceable provision.

 

4.7      Successors
and Assigns. The terms and conditions of this Agreement shall inure to the benefit of and be binding upon and be enforceable
by the successors and assigns of the Parties.

 

4.8 Governing
Law. The validity, terms, performance, and enforcement of this Agreement shall be governed and construed by the provisions
hereof and in accordance with the laws of the State of New York applicable to agreements that are negotiated, executed, delivered
and performed in the State of New York.

 

     

     

    

 

4.9      Counterparts.
This Agreement may be executed concurrently in two or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument and shall become effective when counterparts have been signed by each
Party and delivered to the other Party.

 

4.10      Further
Assurances. Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall
execute and deliver all such other agreements, certificates, instruments, and documents, as the other party may reasonably request
in order to carry out the intent and accomplish the purposes o f this Agreement and the consummation of the transactions contemplated
hereby.

 

4.11      Third
Party Beneficiaries. Nothing expressed or implied in this Agreement is intended, or shall be construed, to confer upon
or give any person other than the Parties any rights or remedies under or by reason of this Agreement.

 

4.12      Headings.
The headings of this Agreement are for convenience of reference and shall not form part of, or affect the interpretation of, this
Agreement.

 

[SIGNATURE PAGES TO FOLLOW]

 

     

     

    

 

IN WITNESS WHEREOF, the parties
have executed and delivered this Share Exchange Agreement as of the date first written above.

 

AEC Nevada

 

 

	American Education Center, Inc.	 
	By:	 	 
	Name: Max P. Chen	 
	Title: President	 
	 	 

 

The Stockholders:

 

	Signature:	 	 

	

 

Ye Tian

 

	Signature:	 	 

 

 

Rongxia Wang

 

	Signature:	 	 

 

 

Weishuo Li

 

     

     

    

 

SCHEDULE A

 

	Name of Stockholder	 	 Shares of AEC Nevada Owned as of
 the Date of this Agreement
	 	 	Percentage of AEC Southern UK 
 to be Acquired Pursuant to the Exchange
	Ye Tian	 	 	600,000	 	 	[60%]
	Rongxia Wang	 	 	200,000	 	 	[20%]
	Weishou Li	 	 	200,000	 	 	[20%]

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