Document:

Exhibit
10.11

 

SPECIFIC
TERMS IN THIS EXHIBIT HAVE BEEN OMITTED PURSUANT TO ITEM 601(B)(10)(IV) OF REGULATION S-K UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
BECAUSE THEY BOTH ARE NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED. THE TERMS HAVE BEEN
MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS [***].

 

Form
Cooperation Framework Agreement on the Virtual Commodities

 

Agreement
No.:

 

Party
A: [A subsidiary of a leading telecommunication service provider in China]

Address:
[***]

Legal
Representative or Person in Charge: [***]

 

Party
B: Shanghai Angyoo Network Technology Co., Ltd 

Address:
[***]

Legal
representative or Person in Charge: [***]

 

Whereas,

 

1. Party
A is [A subsidiary of a leading telecommunication service provider in China], which is mainly engaged in [the leading provider’s]
national loyalty program and point exchange business and is committed to building China’s largest general point alliance.

 

2. Party
A shall conduct the management and operation of the “[***]” general point accumulation
platform, [***] platform, [***] point cloud
service platform, point equity platform, and other platforms. Party A shall also carry out the management and operation of the above
channels.

 

3. Party
B [Shanghai Angyoo Network Technology Co., Ltd. has the experience approval of legal production of audio-visual program content. Based
on the leading digital video service technology in the new media field, and taking the education IP online platform as the breakthrough
point, it provides users with technical services based on the mobile Internet, and creates an online practical skills learning platform
for users in the general context of mass education. Now, it aims to introduce a series of knowledge payment courses for the operations
on Party A’s platform.

 

4. In
accordance with the Agreement law of the People’s Republic of China and relevant laws and regulations, on the principle of equality
and mutual benefit, common development, honesty, and trustworthiness, and through friendly negotiation between Party A and Party B, both
parties hereby agree that the customer designated by Party A shall use point voucher (or point voucher + cash or cash) in the channel
designated by Party A, similarly hereinafter) to purchase and (or) exchange Party B’s virtual commodities and (or) services (the
specific name, specification, and price of the virtual commodities are shown in the commodity list of Annex III), and reach the shall
perform following cooperation provisions on virtual commodities.

 

I.
Cooperation matters

 

1. In
order to provide rich and high-quality products and services to customers (hereinafter referred to as “Party A’s customers”)
of Party A’s platform (namely “[***]” general point platform, [***]
platform, [***] point cloud service platform, point equity platform and others /,
hereinafter referred to as “Party A’s platform”) and give full play to the resource advantages of Party A and Party
B, both parties hereby enter into the cooperation that Party A’s customers can use the “Party A’s platform” and
other channels designated by Party A to order or exchange Party B’s virtual commodities and/or services by using the point voucher
(or point voucher + cash or cash), and Party B shall provide relevant commodities and/or services that meet the needs of Party A’s
customers.

 

    

     

    

 

2. Party
B shall, in strict accordance with the management specifications (including but not limited to business specifications, technical specifications
and management processes, etc.) of Party A’s platform formulated (and revised from time to time) by Party A, and according to the
actual needs of Party A’s customers, provide commodity ordering or exchange services in accordance with the corresponding provisions
of national laws and regulations (the name and specifications of exchange commodities provided shall be attached to this Agreement, i.e.
Annex III: commodity list), and responsible for after-sales service and support service.

 

3. Party
A and Party B may jointly plan and organize publicity activities to advance the cooperation of both parties under this Agreement. Each
Party shall guarantee the true, legal and effective publicity materials about planning and organization provided to the other party,
and shall not infringe the legitimate rights and interests of any third party.

 

II.
Rights and obligations of both parties

 

(1)
Rights and obligations of Party A

 

1. Party
A shall provide the merchant self-service system of Party A’s platform for Party B to upload and release the commodity/service
information, and accept the commodity order or exchange service demand of Party A’s customers.

 

2. Party
A has the right to adjust the delivery channel and search order of Party B’s commodities/services according to the activity of
ordering or exchanging commodities and complaints, and notify Party B in writing.

 

3. Party
A shall provide Party B’s merchant self-service system account and password or order list on Party A’s platform for Party
B to inquire about the details of commodity orders. Party B shall keep the account and password carefully. All operations through Party
B’s account shall be deemed as those performed by Party B. If Party B’s failure to keep its account number and password properly
results in direct and indirect losses of Party A or a third party, Party B shall bear the corresponding liability for compensation.

 

4. Party
A shall make use of its advantages and resources to actively publicize the commodities in Party A’s platform, assist Party B in
commodity promotion, and guide customers to order or exchange Party B’s commodities through newspaper, TV, website, yellow pages,
SMS and other advertising and media promotion opportunities.

 

5. Party
A has the right to set and adjust the ordering or exchange price (point/cash) of the website commodities according to the ordering or
exchange situation, market price, and other factors, but it is not the basis for settlement with Party B.

 

6. Party
A has the right to require Party B to submit the true and legal exchange records of the commodities/services ordered or exchanged by
the customers for the purpose of verifying the accuracy and authenticity of the commodities ordered or exchanged.

 

7. Party
A has the right to transfer all kinds of user consultation and complaints related to Party B’s products to Party B. Party A will
transfer the complaint materials to Party B within 24 hours after receiving the user’s complaints.

 

8. Party
A has the right to supervise and assess Party B’s service quality and the performance of the Agreement, and in line with the principle
of fairness, make the final determination of the responsibility of customer complaints.

 

    2

     

    

 

9. If
a customer or a third party complains about Party B’s commodities and related services, and Party B fails to correct it within
seven days after receiving Party A’s written notice, Party A shall have the right to unilaterally notify Party B in writing to
terminate this Agreement in advance. In case of any loss caused to Party A or Party A’s customers, Party B shall bear the corresponding
compensation liability after negotiation between both parties.

 

(2)
Rights and obligations of Party B

 

1. Party
B shall provide Party A with the commodities sold or exchanged on Party A’s platform for Party A’s screening, and input the
commodity information confirmed by Party A’s screening. Party B shall be responsible for the entry and maintenance of commodity
information on Party A’s commodity name, commodity price, settlement unit price, commodity drawing and text introduction, etc.,
and ensure the authenticity and accuracy of the information provided. Party B shall ensure that the commodity information entered and
the information provided to Party A will not infringe upon the legitimate rights and interests of any third party, or otherwise any losses
arising therefrom shall be borne by Party B.

 

2. Party
B shall be responsible for the acceptance of the customers’ demand for commodity ordering or exchange, and shall complete the relevant
work such as commodity ordering or exchange meeting the customers’ demand of Party A in time.

 

3. During
the period of cooperation between Party A and Party B, Party B shall abide by this Agreement and the management specifications (including
but not limited to business specifications, technical specifications and management processes) formulated by Party A (and revised from
time to time), and accept the supervision and management of Party A. in case of any problem, Party B shall make rectification according
to Party A’s requirements in time. If Party B’s rectification still fails to meet Party A’s requirements, Party B shall
make rectification according to Party A’s requirements, Party A has the right to terminate this Agreement unilaterally, and the
losses caused to Party A or the third party shall be borne by Party B.

 

4. Party
B is responsible for the management and safekeeping of commodities/services, including but not limited to the warehousing and delivery
of commodities, as well as the clearing, inventory, and initiating reconciliation of commodities. If there are any problems in the management
process of Party B, Party B shall bear all the responsibilities. Party B shall ensure the quality of the commodities and be responsible
for it. In case of dissatisfaction or complaints from users caused by the quality problems of Party B’s commodities, Party B shall
be responsible for solving the problems and assume relevant responsibilities.

 

5. Party
B shall be responsible for the distribution of commodities, and the specific service specifications and punishment standards are detailed
in Annex I of this Agreement.

 

6. Party
B shall protect the legitimate rights and interests of customers in strict accordance with the Agreement law of the People’s Republic
of China, Product Quality Law of the People’s Republic of China, E-commerce Law of the People’s Republic of China, Consumer
Right Protection Law of the People’s Republic of China (2014 Revision) and other relevant national laws and regulations, and bear
corresponding legal responsibilities.

 

7. After
receiving the customer complaints transferred by Party A, Party B shall complete the processing according to the service commitment,
and submit the processing results to Party A for the customers’ return visits. When Party B receives the customer complaints and
other issues transferred by Party A, Party B shall actively cooperate with Party A to give priority to the handling of complaints and
other issues to ensure the satisfaction of customers before identifying the responsibility.

 

    3

     

    

 

8. If
Party B uses the personal information of Party A’s customers during the validity period of this cooperation Agreement, Party B
shall strictly abide by the provisions of laws and administrative regulations as well as the provisions of personal information protection
in the management provisions of Party A’s platform (including but not limited to business specifications, technical specifications
and management systems, etc.). In case of the customer’s information leakage due to Party B’s breach of the Agreement, Party
B shall bear the corresponding legal liability. If Party A suffers losses, Party B shall bear all losses incurred to Party A.

 

9. Party
B shall guarantee that Party A and customers are free from the infringement claims of the third party, including but not limited to:
claiming that the commodities infringe the third party’s patent, trademark, copyright and other intellectual property rights and
other rights; otherwise, all responsibilities and expenses shall be borne by Party B.

 

10. In
case of any third party’s infringement claim or complaint on Party B’s commodities or intellectual property or other rights
arising from Party B’s reasons, Party A shall have the right to take necessary measures such as deleting, blocking, disconnecting,
terminating the transaction and service on the relevant commodities and their information. After receiving the notice from Party A, Party
B shall provide Party A with relevant supporting materials in a timely and comprehensive manner in accordance with the requirements of
the “E-commerce Law of the People’s Republic of China” as soon as possible. Otherwise, Party B shall bear all responsibilities
arising therefrom alone and shall compensate Party A for all losses incurred therefrom.

 

11.  
Party B guarantees that the certification materials provided to Party A, including but not limited to the trademark registration certificate
and power of attorney, are legal, true and effective, and do not infringe the legitimate rights and interests of any third party. Party
A does not undertake the obligation to verify the authenticity of the certification materials provided by Party B. Party B shall bear
the sole legal liability incurring from the above materials, Party A does not bear any joint and several liabilities. In case of any
loss to Party A, Party B shall also be liable for compensation.

 

12. 
Party B shall guarantee to provide feedback of commodity data information according to Party A’s requirements within the period
of negotiation between both parties, and provide Party A with inquiry and statistics service of customer complaints.

 

13. 
If the actual commodities ordered or exchanged by the customer do not conform to the description in the catalog, Party B shall return
and replace them free of charge and ensure the customers’ satisfaction.

 

14. 
If Party A requests for access, Party B shall submit the following materials to Party A within the time limit agreed by both parties:
commodities delivery schedule, commodities receipt schedule, original or copy of Party A’s customer receipt, original or copy of
post office delivery voucher, etc.

 

15. 
Party B can log on Party A’s website platform to input and maintain commodity information, query commodity exchange details, and
carry out settlement operations. Party B shall keep the account number and password properly. In case of any loss to Party A or Party
A’s customers caused by improper storage or operation, Party B shall bear the corresponding liability for compensation.

 

III.
Customer services

 

(1)
Customer service system

 

1. Customer
service interface

 

In
order to ensure the normal use of business, Party B shall set up voice customer services and online customer services. The online customer
service system is supported by [***] system provided by [the subsidiary of the leading telecommunication
service provider in China].

 

    4

     

    

 

1)
Customer service hotline: During the cooperation period, Party B shall set up a dedicated customer service hotline to provide [***]
hours ([***] to [***]) customer services
for Party A’s customer services for business consultation and complaint handling.

 

2)
Online customer service: Party B provides online customer service channels (QQ, e-mail, etc.) for Party A’s customer service, and
shall handle customer service consultation and complaints in the form of work orders.

 

    Customer
service contact of Party A: [***]

    Tel:
(fixed line) [***] (mobile) [***]

    Party
A’s Customer service hotline: [***]

 

Party
B’s customer service contact telephone shall be [the leading telecommunication service provider’]s mobile phone, and shall
not be turned off or transferred.

 

Customer
service contact person of Party B: [***]

 

Tel:
(fixed line) [***] (mobile) [***]

 

Party
B’s customer service hotline: [***]

 

2. Service
quality

 

The
customer service quality requirements of Party B are as follows:

 

1)
Party B shall make a proper reply to the customer consultation and complaint transferred by Party A through various channels (including
but not limited to electronic work order, fax, e-mail, etc.) within the specified time limit, and assist Party A in providing relevant
services according to Party A’s requirements.

 

2)
The connection rate of customer service calls shall not be less than [***]%.

 

3)
Consultation processing time limit requirements: The first reply time limit shall not exceed one minute after the customer formally accesses
the [***] system through the merchant customer service button of the mall.

 

4)
Requirements for the online duration of merchant customer service: [***] hours online (online
customer service and merchant system), “online customer service” customer visits service person times no less than [***]
person times/day.

 

5)
Time limit for handling complaints: the time limit for the first reply shall not exceed [***]
minutes, and the time limit for formal reply shall not exceed [***] hours.

 

6)
The response rate of complaint handling is [***]% (response rate of complaint handling =
the number of customers handled and responded / number of complaints per month).

 

7)
The timely rate of complaints is [***]% (the timely rate of complaint handling = the number
of customers handled and replied within the specified time limit / the number of complaints per month).

 

3. Customer
service information

 

Party
B shall prepare relevant customer service script, customer service FAQ and other documents seven working days before business promotion,
and submit them to Party A’s customer service department.

 

(2)
Customer service management

 

1. Customer
service management requirements

 

1)
When Party B’s business operation is terminated and thus affects the customers’ use of the business, Party B shall submit
the termination reasons and customer complaints, consultation and handling methods to Party A’s customer service department as
soon as possible, and guarantee to handle customer complaints and related consultation in a timely manner.

 

    5

     

    

 

2)
During the cooperation period, if a large number of customers complain about the quality of Party B’s commodities or services,
reflecting the quality problem of Party B’s services or causing adverse social impact, Party A has the right to suspend the sale
of Party B’s commodities and services; both parties shall accept customer complaints and bear joint liability.

 

3)
Party B shall keep a complete record of all links of the commodities sold from Party A’s channels, and the records shall be kept
for no less than [***] days.

 

2. Customer
service requirements for business exit

 

In
case of business withdrawal caused by Party B’s application for business withdrawal and termination of business operation qualification,
Party B shall guarantee the normal service and renewal of business before offline as required by Party A, and provide normal customer
service within one month after offline.

 

3. Request
for Party B to withdraw from customer service

 

In
case of termination of cooperation caused by Party B’s application for withdrawal or termination of Party B’s business qualification,
Party B shall guarantee to provide normal customer service within one month after the last business is offline as required by Party A.

 

IV.
Settlement terms 

 

1.
Party A shall settle the payment for Party B’s commodities successfully exchanged on Party A’s platform to Party B in full
amount on a monthly basis (i.e. natural month). After the payment amount is verified by both parties’ finance, Party B shall issue
to Party A the corresponding amount of [VAT special invoice 6%].

 

2.
Party A shall provide Party B with the settlement amount of the occurrence month within 3 working days from the next month (hereinafter
referred to as “settlement month”), and Party B shall log in to the operation management system of Party A’s platform
provided by Party A every week to check the transaction data, and download the transaction data of the previous month (i.e. the occurrence
month) before the 3rd of each month, check and confirm the settlement amount statement provided by Party A. Party B shall confirm the
above settlement amount within 3 working days after Party A provides the settlement amount of the month. If Party B does not raise any
objection within the above date, it shall be deemed that Party B recognizes the settlement amount of the month and does not raise any
objection.

 

If
Party B raises any objection to the settlement amount, Party B shall be obliged to provide Party A with the supporting materials including
the transaction data of Party B and assist Party A in checking the settlement amount of each month.

 

(1)
If it is necessary to adjust the statement of settlement amount after verification and confirmation by both parties, the adjustment shall
be made in the next month after negotiation.

 

(2)
If both parties fail to reach an agreement after verification and negotiation, the settlement statement of Party A shall prevail.

 

3.
From the date when Party B recognizes the settlement amount, Party B shall, within three working days from the date of receiving the
settlement amount of each month provided by Party A, issue and mail to Party A special VAT invoice and compliant sales list, and record
the corresponding invoice information in the operation management system of Party A’s platform provided by Party A.

 

4.
After receiving the invoice provided by Party B, Party A shall immediately check the invoice information registered by Party B in the
operation management system of Party A’s platform. After checking, Party A shall pay the corresponding fees to Party B by bank
transfer within 60 working days.

 

    6

     

    

 

5.
If Party B fails to issue the invoice on time or register the invoice information in Party A’s platform operation and management
department within three months from the date when Party A provides the settlement amount statement, it shall be deemed that Party B has
given up the settlement, and Party A has the right to refuse to pay the fee to Party B. Party B shall issue legal VAT special invoice
6% according to the title required by Party A. Party B shall mail the invoice to Party A within five working days after issuing the invoice.
Party B shall further guarantee the authenticity and legality of the invoice issued, and independently bear the corresponding legal liabilities.
In case of any loss caused to Party A, Party B shall be liable for compensation.

 

6.
Party A’s billing information is as follows:

 

Company
Name: [Subsidiary of a leading telecommunication service provider in China]

 

Address:
[***]

 

Tel:
[***]

 

Account
Number: [***]

 

Bank
of Deposit: [***]

 

Unified Social Credit Identifier:
[***]

 

7.
Party A shall hold various activities from time to time every year. Before the activities begin, Party A shall inform Party B of the
types and estimated quantities of commodities required for the activities, and reach an agreement with Party B on the purchase price;
at the end of the activity, after the reconciliation of both parties, Party B shall issue the invoice directly to Party A according to
Party A’s requirements, and there is no need for both parties to sign another cooperation agreement.

 

8.
Party B’s designated collection account information:

 

Company
Name: [Shanghai Angyoo Network Technology Co., Ltd.]

 

Bank
Account Number: [***]

 

Bank
of Deposit: [***]

 

Party
B shall bear all legal responsibilities for the above-designated bank account, and Party A’s payment to the above account shall
be the payment obligation to Party B under the Agreement. If Party B needs to change the above information, it shall notify Party A in
writing 10 working days in advance and provide relevant certificates. Party B shall be responsible for the loss caused by Party B’s
failure to inform Party A in time.

 

9.
In case of a transaction being investigated, Party A will inform Party B in writing. Within five working days after the notice is sent
to Party B, Party B shall provide specific transaction documents according to Party A’s requirements. Party B shall keep the transaction
documents and other original documents for not less than two years from the date of the transaction.

 

V.
Intellectual property

 

1. During
the term of this Agreement, Party A and Party B shall be responsible for the production and provision of publicity materials for the
event. The ownership and intellectual property rights (including but not limited to copyright) of all publicity materials belong to the
provider. Without the written consent of the provider, the other party (the user) shall not use the publicity materials for other matters
except this Agreement. The above publicity materials include but are not limited to: TV advertising, print advertising, outdoor advertising,
radio advertising, posters, flyers, in-store publicity materials, network advertising, website content, SMS advertising, etc. All publicity
programs and materials shall be confirmed by Party A in writing before use.

 

2. Party
A and Party B shall guarantee that the contents of the publicity materials provided by Party A and Party B are legal and do not infringe
the intellectual property rights and other legitimate rights and interests of the third party. Any loss of the user caused by the infringement
of the legal rights of the third party by the publicity materials shall be fully compensated by the provider (including all expenses
incurred by participating in the litigation).

 

    7

     

    

 

VI.
Term of agreement

 

1. This
Agreement shall be valid from the date of signing to [Date].

 

2. Both
parties may reach a new agreement on the renewal of this Agreement 30 days before the expiration of this Agreement.

 

VII.
Modification or termination of the Agreement

 

1. Any
party to this Agreement who aims to change or modify this Agreement shall provide the other Party a written notice 15 days in advance.
Both parties shall change or modify this Agreement in writing.

 

2. Except
for the circumstances specified in this Agreement, neither party shall suspend or terminate the performance of this Agreement or unilaterally
terminate this Agreement without the written consent of the other party.

 

3. If
this Agreement is terminated for any reason, both parties shall negotiate to determine a transition period of not less than 30 days.
During the transition period, Party B shall actively cooperate with Party A in the relevant handover and aftermath treatment.

 

VIII.
Liability for breach of agreement

 

1. Failure
of either party to perform any of the terms of this Agreement shall be deemed as the breach of the Agreement.

 

2. If
Party B violates the provisions of this Agreement or relevant national laws and regulations, conducts improper business activities such
as false publicity, price fraud, infringement of the legitimate rights and interests of a third party, or sells new and substandard commodities
such as parallel commodities, fake commodities, second-hand commodities, substandard products, Party A has the right to require Party
B to pay a penalty of 20 times of the integral exchange value of the commodities or RMB 100,000 yuan, Party A has the right to terminate
the cooperation with Party B. If the liquidated damages are insufficient to make up for Party A’s losses, Party B shall also make
full compensation (including but not limited to Party A’s compensation to customers, compensation, administrative department’s
punishment, lawyer’s fees, litigation fees, appraisal fees, and travel expenses).

 

3. If
Party A is complained or sued by customers due to Party B’s commodity problems or after-sales service problems, Party A shall have
the right to settle, mediate or litigate with customers, and Party B shall bear all expenses incurred therefrom (including but not limited
to attorney’s fees, litigation costs, compensation or compensation paid to customers by settlement or mediation, liquidated damages,
compensation, etc. ordered by the court)Furthermore, Party B shall pay Party A RMB [***]
yuan as goodwill compensation.

 

4.
All acts of Party B’s agent, employee, and equity owner represent that party, and its violation of the Agreement shall be deemed
as the act of Party B, and Party B shall bear joint and several legal liabilities for it.

 

5. If
Party B is punished by Party A or both parties terminate the cooperation due to the above behaviors, Party B shall continue to perform
after-sales services and bear all responsibilities for the sold commodities.

 

6.
Any liquidated damages, compensation, and all other expenses paid by Party B to Party A in violation of this Agreement shall be paid
to Party A within five days after the occurrence of such event, otherwise, Party A has the right to directly deduct them from the settlement.

 

    8

     

    

 

IX.
Confidentiality obligation

 

1. The
term “confidential information” in this Agreement refers to the indivisible business secrets (including financial secrets),
user information, technical secrets and/or other confidential information and materials obtained by one party (the receiving party) from
the other party (the disclosing party) or jointly created by both parties due to the performance of this Agreement, no matter what form
or carrier the above information and materials are in, no matter whether the disclosing party indicates its confidentiality in oral,
image or written form at the time of disclosure.

 

2.
The receiving party has the obligation to protect the confidential information by no less protective means than its own trade secrets.
Without the written permission of the disclosing party, the receiving party shall not provide or disclose the confidential information
to any third party, and shall not use part or all of the confidential information for purposes other than those agreed in this Agreement.
The receiving party shall ensure that the confidential information can only be known to the responsible persons and employees who are
engaged in the business and have the necessary knowledge, but at the same time, the receiving party shall instruct such responsible persons
and employees to abide by the confidentiality and non-disclosure obligations stipulated in this article.

 

3. The
recipient may only copy the confidential information for the purpose of performing this Agreement. The receiving party shall not retain
all documents and materials containing confidential information in any way (such as hard disk, drawing, color sample, photo, film, CD,
etc.).The receiving party shall return all original documents and materials containing confidential information to the disclosing Party
and destroy all copies when the disclosing party puts forward a reasonable claim or this Agreement is terminated or canceled.

 

4. Party
A and Party B shall also be responsible for the confidentiality of the signing and contents of this Agreement.

 

5. This
confidentiality clause shall remain in force during the term of this Agreement and after the termination or cancellation of this Agreement.

 

X.
Force majeure

 

1. If
both parties or either party fail to perform or fully perform the relevant obligations under this Agreement due to war, riots, terrorism,
natural disasters, changes in national laws, regulations or rules, network security, inability to cover the network, power failure or
man-made destruction of communication lines, the affected party does not hold liability for breach of the Agreement, but shall immediately
notify the other party in writing of the event and provide the details of the incident and supporting documents from relevant departments
within 15 days. According to the impact of the event on the performance of the Agreement, both parties shall decide whether to continue
to perform or terminate the Agreement through negotiation.

 

2. If
Party A fails to provide the services agreed in this Agreement due to the laws and policies promulgated and changed by the government
management department, it shall not be deemed as Party A’s breach of the Agreement, and both parties shall change the contents
of the Agreement in accordance with the relevant laws and policies.

 

XI.
Delivery

 

All
notices given by Party A and Party B for the performance of this Agreement or in connection with this Agreement shall be given in the
form of written letter or fax, e-mail, or similar means of communication confirmed by both parties according to the addresses provided
in this Agreement. If it is in the form of a letter, it shall be delivered by registered mail or express mail with a good reputation.
If fax or similar means of communication are used, the date of notice shall be the date of sending the correspondence. If the registered
letter or express mail is used, the date of notice shall be the date of mailing, and the postmark shall prevail.

 

    9

     

    

 

Party
A: [Subsidiary of a leading telecommunication service provider in China]

Address:
[***]

Contact
person: [***]

Tel:
[***]

Fax:
[***]

Postcode:
[***]

E-mail:
[***]

Party
B: Shanghai Angyoo Network Technology Co., Ltd

Address:
[***]

Contact
person: [***]

Tel:
[***]

Fax:
[***]

Postcode:
[***]

E-mail:
[***]

 

If
either party needs to change the above contact information, the party shall inform the other party in advance in writing, or otherwise,
all relevant losses caused by it shall be borne by the party liable.

 

XII.
Application of law and dispute resolution

 

1. This
Agreement shall be governed by the laws of the People’s Republic of China.

 

2. All
disputes arising from or in connection with this Agreement shall be settled through friendly negotiation between both parties. If both
parties fail to settle the dispute through friendly negotiation, either party has a right to bring a lawsuit to the people’s court
with jurisdiction in the place where Party A is located.

 

3. In
the course of litigation, both parties will continue to perform other parts of this Agreement that are not involved in litigation.

 

XIII.
Effectiveness of the Agreement and miscellaneous clauses

 

1. This
Agreement shall come into force on the date when the authorized representatives of both parties sign and affix their official seals or
special seals for agreement.

 

2. This
Agreement is made in quadruplicate, two for each party, with the same legal effect.

 

3. The
title of each article of this Agreement is only for the purpose of prompt, and the rights and obligations of each party shall be determined
by the content of the article.

 

4.
Without the prior written permission of the other party, neither party shall use or copy the other party’s business name, trademark,
pattern, service mark, symbol, code, model, or abbreviation in advertising or in public places, and neither party shall claim ownership
of the other party’s business name, trademark, scheme, service mark, symbol, code, model or abbreviation.

 

5. Nothing
in this Agreement shall be deemed or interpreted as a joint venture, partnership, or agency relationship between the parties.

 

6. This
Agreement shall substitute all previous oral or written minutes, memoranda, agreements, and agreements of both parties concerning the
matters of this Agreement. For matters not covered in this Agreement, both parties shall reach a written supplementary agreement, which
shall have the same legal effect as this Agreement after being signed and sealed by the authorized representatives of both parties.

 

    10

     

    

 

7. The
annexes are an integral part of this Agreement. In case of any inconsistency between the annex and the text of the Agreement, the text
of the Agreement shall prevail.

 

Annex
list:

 

Annex
I: Letter of Commitment of Party B

 

Annex
2: Letter of Commitment on Network and Information Security

 

Annex
3: Commodity List

 

[no
text below]

 

    11

     

    

 

Party
A: [Subsidiary of a leading telecommunication service provider in China]

 

(seal)

 

Authorized
Representative (signature)

 

Date
of signing:

 

Party
B: Shanghai Angyoo Network Technology Co., Ltd

 

(seal)

 

Authorized
Representative (signature)

 

Date
of signing:

 

    12

     

    

 

Annex
I: Letter of Commitment of Party B

 

I.
Commodity commitment

 

All
commodities provided by Party B shall meet the following standards:

 

All
of them are formal and legal commodities or services introduced through formal channels. In case of complaints from third parties or
[the leading Chinese telecommunication service provider’s] customers due to unauthorized, intellectual property infringement and
other reasons, Party B shall bear the economic losses incurred.

 

II.
Time limit for handling complaints

 

1. Party
B shall assign a special person to handle the business consultation or customer complaints submitted by Party A. After receiving the
business consultation or customer complaints submitted by Party A, Party B shall:

 

(1)
Made the first response within two hours;

 

(2)
Give the satisfactory result to Party A or customers within 12 hours.

 

2. Party
B shall ensure the level of service quality. Therefore, Party A will assess the service quality of Party B. If the assessment standard
is not met, Party A will punish Party B accordingly.

 

III.
Standard of complaint punishment

 

1. Principle
of complaint and punishment: The assessment of Party B’s service quality is mainly based on the complaint rate. Party A will assess
Party B on a monthly basis according to the complaint rate of Party B and give corresponding punishment or reward.

 

2. Complaint
identification rules: The customer or the third party calls the number 10000 to complain about the commodities provided by Party B, and
the complaint is accepted formally by the number 10000. Party A will count the complaint rate of Party B based on this, and the complaints
include but are not limited to: the quality of commodities, the provision of commodities, the use of commodities, the disputes over the
authorization of commodities, etc.

 

3. Calculation
rule of complaint rate: The complaint rate is calculated in a monthly manner, that is, the total amount of customer complaints in the
current month, which accounts for the proportion of Party B’s total sales volume from the 15th of last month to the 15th of this
month. The calculation formula is: complaint rate = complaint volume/sales volume.

 

4. For
merchants with a complaint rate higher than [***]% in the current month:

 

(1)
RMB [***] yuan will be deducted from the deposit as compensation for complaint handling.

 

(2)
Party B is not allowed to release new products on Party A’s platform in the following quarter.

 

(3)
Party B is not allowed to participate in the recommendation on the homepage of Party A’s platform and the products of activities.

 

(4)
Party A’s existing activities and recommended products on the home page are all removed from the shelves.

 

5. If
the complaint rate is higher than [***]% in the current month, RMB [***]
yuan will be deducted from the deposit as compensation for complaint handling.

 

6. If
the complaint rate is higher than [***]% in the current month, RMB [***]
yuan will be deducted from the deposit as compensation for complaint handling, and relevant cooperative business will be suspended
directly for rectification within a time limit.

 

7. If
the complaint rate is higher than [***]% for two consecutive months, relevant cooperation
business will be suspended and rectification will be made within a time limit. If it still does not meet the requirements after rectification,
Party A has the right to terminate the Agreement in advance.

 

8. If
the complaint rate is less than [***]%, Party B will get Party A’s platform recommendation,
activity prize optimization, cost subsidy, centralized procurement and other relevant incentive measures, subject to Party A’s
notice.

 

    14

     

    

 

IV.
Other punishment standards

 

1. Punishment
measures for the quality of commodities not meeting the standards: commodities that fail to meet the quality standards will be taken
off the shelves;

 

2. Special
punishment measures for complaints caused by commodities: When a commodity is complained about twice by customers in a natural month,
the commodity will be taken off the shelves.

 

3. Punishment
measures for disqualification: Party A has the right to assess the performance of all merchants in the past 12 months according to the
“[the leading Chinese telecommunication service provider’s] Point Mall Partner Management Measures”. If Party B ranks
at the bottom, it will be disqualified from supplying such commodities; if most categories rank at the bottom, they will directly exit
and terminate the Agreement.

 

V.
Information security commitment

 

Party
B makes the following commitments for information security. In case of any violation of the relevant commitments, Party B shall bear
all civil, administrative, and criminal liabilities arising therefrom:

 

1.
Shall follow the telecommunication regulations of the People’s Republic of China, the Regulations of the People’s Republic
of China on the Security and Protection of Computer Information System, the Administrative Measures for the Security and Protection of
Computer information Network International Networking, and relevant laws, regulations, administrative rules and regulations.

 

2.
Shall have all the legal and necessary qualifications for the business.

 

3.
Shall ensure that it will not use telecommunications networks to endanger national security, disclose state secrets, infringe upon the
interests of the state, society and the collective, and the legitimate rights and interests of a third party, or engage in illegal and
criminal activities.

 

4.
Shall perform well in the information security management of the unit in strict accordance with the relevant national laws and regulations.

 

5.
Improve the information security management system and implement the technical measures of security protection.

 

6.
Accept the supervision and inspection of the public security organs, truthfully and actively provide information, data and data documents
related to security protection, and actively assist in investigating and dealing with illegal and criminal acts of computer information
networks through the international network.

 

7.
Shall not produce, copy, consult or disseminate the following information through telecommunication network:

 

(1)
Opposing the basic principles established in the constitution.

 

(2)
Endangering national security, divulging state secrets, subverting state power and undermining national unity.

 

(3)
Damaging national honor and interests.

 

(4)
Inciting national hatred and discrimination and undermining national unity.

 

(5)
Undermining the state’s religious policies and propagate heresy and feudal superstition.

 

(6)
Spreading rumors, disrupting social order and undermining social stability.

 

(7)
Spreading obscenity, pornography, gambling, violence, murder, terror or abetting a crime.

 

(8)
Insulting or slandering others and infringing upon their legitimate rights and interests.

 

    15

     

    

 

(9)
Containing other contents prohibited by laws and regulations.

 

8.
Shall not engage in any activities endangering the security of computer information network, including but not limited to:

 

(1)
Entering a computer information network or using computer information network resources without permission.

 

(2)
Deleting, modifying or adding computer information network functions without permission.

 

(3)
Deleting, modifying or adding data and application programs stored or transmitted in the computer information network without permission.

 

(4)
Deliberately making or spreading destructive programs such as computer viruses.

 

(5)
Other acts that endanger the security of computer information networks.

 

9.
The unit shall undertake to take emergency measures immediately in case of major safety accidents in the computer information system,
keep relevant original records and report to the government regulatory department within 24 hours.

 

10.
In case of violation of relevant provisions and relevant national laws and regulations, Party B shall directly bear the corresponding
legal liability, and shall directly compensate for the property losses caused. In the meantime, Party A has the right to suspend or stop
providing corresponding services until the termination of the business agreement.

 

VI.
Party B hereby confirms that it has fully understood the contents of the above commitments, knows the exact legal meaning of each clause,
and voluntarily undertakes the relevant responsibilities caused by its adverse performance.

 

VI.
This letter of commitment shall be confirmed by Party B’s seal. Once confirmed, it shall be legally binding on Party B’s
performance of this Agreement.

 

VII.
This commitment shall remain limited until all rights and obligations in this Agreement are fulfilled.

 

 

Seal
of Accepter (Party B)

 

Date
of Commitment:

 

    16

     

    

 

Annex
2: Letter of Commitment on Network and Information Security

 

Letter
of Commitment on Network and Information Security

 

[Subsidiary
of a leading telecommunication service provider in China]:

 

Our
company and your company hereby signed the “Cooperation Framework Agreement on the Virtual Commodities” (hereinafter referred
to as the “Agreement”), our company solemnly promises to abide by the relevant provisions of this letter of commitment, in
case of any violation of the relevant provisions of this letter of commitment, our company shall bear all the civil, administrative and
criminal liabilities arising therefrom.

 

I.
Our company promises to operate in accordance with the law, not to use the network to endanger national security, disclose state secrets,
not to infringe the legitimate rights and interests of the state, society, and third parties, and not to engage in illegal and criminal
activities. Our company further undertakes not to produce, copy, consult and disseminate the following information through a communication
network and Internet:

 

1.
Opposing the basic principles established in the constitution.

 

2.
Endangering national security, divulging state secrets, subverting state power, and undermining national unity.

 

3.
Damaging the honor and interests of the state.

 

4.
Inciting national hatred and discrimination and undermining national unity.

 

5.
Destroying the state’s religious policies and promoting heresy and feudal superstition.

 

6.
Spreading rumors, disrupting social order, and undermining social stability.

 

7.
Spreading obscenity, pornography, gambling, violence, murder, terror or abetting a crime.

 

8.
Insulting or slandering others and infringing upon their legitimate rights and interests.

 

9.
Containing other contents prohibited by laws and regulations.

 

II.
Our company collects and uses user information in strict accordance with The Law of the People’s Republic of China On Network Security,
the Decision of the Standing Committee of the National People’s Congress on Strengthening the Protection of Network Information,
the Provisions of the Ministry of Industry and Information Technology on the Protection of Personal Information of Telecommunications
and Internet Users, and the Provisions on the Registration of Real Identity Information of [the leading Chinese telecommunication service
provider’s] Users.

 

III.
Our company promises to collect and use user information in accordance with the law, strictly abide by the principles of legality, legitimacy,
and necessity, clearly indicate the purpose, method, and scope of collecting and using information, and obtain the consent of users.
Our company further promises:

 

1.
Shall not collect or use user information without the consent of users.

 

2.
Can only collect user information for the purpose of carrying out the business as agreed in the Agreement and in accordance with the
principle of “minimum sufficiency”, and shall not collect user information unrelated to the business as agreed in the Agreement.

 

3.
Can only use the user information for the purpose of carrying out the business agreed in the Agreement, and shall not use the user information
beyond the above scope.

 

4.
Shall not collect and use user information by deception, misleading or other ways in violation of laws and regulations, or beyond or
change the scope and methods agreed by users.

 

    17

     

    

 

5.
Our company shall not illegally collect or use user information in violation of laws and regulations.

 

IV.
For the user information collected during the performance of the Agreement, our company will keep it strictly confidential, and shall
not disclose, tamper with, damage, sell, or illegally provide it to others.

 

V.
After the termination or cancellation of the Agreement, our company will immediately destroy all user information and data (including
the original and backup), and shall not retain any user information and data collected during the performance of the Agreement in any
way.

 

VI.
Our company undertakes that the personal information and important data obtained in accordance with the law during the signing and performance
of the Agreement shall be stored in China in accordance with the law and shall not be provided overseas.

 

VII.
In strict accordance with relevant laws and regulations, our company will perform well in network security management and user information
security management, improves various network security management systems and implements various security protection technical measures
to ensure network security and user information security, including but not limited to the establishment of information security person
in charge and user information security examiner, and the establishment of user information collection and management system, using the
workflow and safety management system of user information and its related activities to record the information of personnel, time, place,
matters, etc.

 

VIII.
Our company promises to establish an effective information security management system and technical guarantee measures. In case of illegal
and criminal activities and harmful information, we will immediately take measures to stop and report to relevant competent departments
in a timely manner, and accept the management, supervision, and inspection of relevant competent departments. If it is difficult to identify
whether the released information belongs to one of the contents listed above, it shall be reported to the relevant department for approval
before release.

 

IX.
In case of information leakage, damage, or loss, our company will take remedial measures immediately and cooperate with relevant departments
for investigation and handling.

 

X.
Our company promises not to engage in any activities endangering the security of computer information network, including but not limited
to:

 

1.Entering
computer information network or using computer information network resources without permission;

 

2.Deleting,
modifying, or adding computer information network functions without permission;

 

3.Deleting,
modifying, or adding data and applications stored or transmitted in the computer information network without permission;

 

4.Deliberately
making or spreading destructive programs such as computer viruses;

 

5.Other
acts endangering the security of computer information networks.

 

XI.
Our company promises to take emergency measures immediately in case of major safety accidents in computer information system, keep relevant
original records, report to government regulatory department within 24 hours, and inform your company in writing. In case of major security
accidents or other emergencies affecting network security and information security, your company has the right to take emergency measures
including but not limited to business suspension to ensure network security and information security.

 

    18

     

    

 

XII.
In case of any violation of the above commitments, our company will be liable for breach of agreement in accordance with the Agreement,
accept the treatment of relevant government departments (including but not limited to rectification within a time limit and public exposure),
and directly bear the corresponding legal liabilities. If property losses are caused, our company will directly compensate. Meanwhile,
your company has the right to suspend, stop business until the termination of the Agreement without notice to our company, and does not
bear any responsibility. All the consequences of responsibility shall be borne by our company. If any loss or adverse effect is caused
to your company, our company will be responsible for eliminating the adverse effect and compensating your company for the corresponding
loss.

 

XIII.
This letter of commitment shall come into force simultaneously with the Agreement after the signing by our company.

 

 

Accepter
(seal)

Legal
Representative or Authorized Representative (signature):

Date:

 

    19

     

    

 

Annex
3: Commodity List

Unit:
Yuan

 

	Serial number 	 	 Brand	 	Commodity
    Name	 	Model
    	 	Settlement
    Price	 	 Supply
    Discount	 	Suggested
    Retail Price
	1	 	 	 	 	 	 	 	 	 	 	 	 
	2	 	 	 	 	 	 	 	 	 	 	 	 
	3	 	 	 	 	 	 	 	 	 	 	 	 
	4	 	 	 	 	 	 	 	 	 	 	 	 
	5	 	 	 	 	 	 	 	 	 	 	 	 
	6	 	 	 	 	 	 	 	 	 	 	 	 
	7	 	 	 	 	 	 	 	 	 	 	 	 
	8	 	 	 	 	 	 	 	 	 	 	 	 

 

 

18Exhibit
10.12

 

SPECIFIC
TERMS IN THIS EXHIBIT HAVE BEEN OMITTED PURSUANT TO ITEM 601(B)(10)(IV) OF REGULATION S-K UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
BECAUSE THEY BOTH ARE NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED. THE TERMS HAVE BEEN
MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS [***].

 

 

Agreement
No.:

 

Form
Operation Service Agreement on Broadcast

Content
of Audio-Visual Programs of 

[Selected
Product Package of Fish Learning]

With
[Subsidiary of a leading telecommunication

service
provider in China] (Mobile Screen)

 

Place
of Signing: [Location]

 

Party
A: [Subsidiary of a leading telecommunication

service
provider in China]

Party
B: Shanghai Angyoo Network Technology Co., Ltd.

Date
of Signing: [Date]

 

     

     

    

 

Content

 

	Chapter
    I Recitals	 	1
	 	 	 
	Chapter
    II Definitions	 	1
	 	 	 
	Chapter
    III Service Mode	 	2
	 	 	 
	Chapter
    IV Rights and Obligations	 	3
	 	 	 
	Chapter
    V Management Mechanism and Liability for Breach of the Agreement	 	6
	 	 	 
	Chapter
    VI Customer Services	 	8
	 	 	 
	Chapter
    VII Billing and Settlement	 	9
	 	 	 
	Chapter
    VIII Intellectual Property Rights	 	13
	 	 	 
	Chapter
    IX Modification and Termination of the Agreement	 	15
	 	 	 
	Chapter
    X Confidentiality	 	17
	 	 	 
	Chapter
    XI Force Majeure	 	18
	 	 	 
	Chapter
    XII Governing Law and Dispute Resolution	 	19
	 	 	 
	Chapter
    XIII Miscellaneous	 	20
	 	 	 
	Signature
    Page (No text on this page)	 	23
	 	 	 
	Appendix 1 Safety Responsibility
Agreement between [***] and [***], Integrity Agreement for [***] Partners and Genuine Letter of Commitment 	 	20
	 	 	 
	Appendix
    II Overall Goals for Business Development	 	30
	 	 	 
	Appendix
    III Breaches of Contract	 	31
	 	 	 
	Appendix
    IV Settlement Rules	 	34
	 	 	 
	Appendix
    V Assessment Criterion	 	35

 

     

     

    

 

Party
A: [Subsidiary of a leading telecommunication service provider in China]

 

Address:
[***]

 

Legal
Representative/Authorized Representative: [***]

 

Party
B: Shanghai Angyoo Network Technology Co., Ltd.

 

Address:
[***]

 

Legal
Representative/Authorized Representative: [***]

 

Chapter
I Recitals

 

Article
1 Party A is a legal entity that runs digital new media business such as providing Internet audio-visual program broadcasting services
to the public nationwide with the permit of competent authorities of information industry under the State Council and competent authorities
of radio, film and television. Relying on telecom service providers, Party A has its own audio-visual program broadcasting platform,
service sales system and huge customer base. Party A is duly authorized to sign and perform this Agreement.

 

Article
2 Party B, [Shanghai Angyoo Network Technology Co., Ltd.], is established and validly existing under the laws of the PRC, which is intended
to provide [leading telecommunication service provider] (Mobile Screen) with broadcast content of audio-visual programs of [Selected
Product Package of Fish Learning] with eligible qualifications to offer [leading telecommunication service provider] (Mobile Screen)
broadcast content operation services hereunder.

 

Article
3 Party B is duly authorized to sign and perform this Agreement and intends to provide Party A with [leading telecommunication service
provider] (Mobile Screen) broadcast content operation services with legally obtained qualifications or supporting documents.

 

Article
4 Party B has duly executed Statement of Safety Responsibilities on [***] [***], Agreement on Integrity of Partnership with
[leading telecommunication service provider] or other files with similar content, and is willing to undertake responsibilities relevant
to information safety in accordance with the provisions of relevant laws and regulations. Statement of Safety Responsibilities on
[***] [***] and Agreement on Integrity of Partnership with [leading telecommunication service provider] are set forth in Appendix
I.

 

Article
5 The context and appendixes are integral parts of this Agreement and the separation of these two parts are for convenience only. The
context, appendixes and their amendments or modifications shall come into force according to the agreed conditions and/or procedures
upon the mutual consent of both Parties through negotiation.

 

Article
6 Party A and Party B may enter into a separate agreement on the new business other than the business hereunder (hereinafter referred
to as “New Business”) in the future through amiable negotiation.

 

Based
on the conditions abovementioned, both Parties enter into this Agreement for the purpose of developing and enriching healthy audio-visual
program broadcasting service business and achieving win-win results in accordance with the principles of equality, mutual benefit, leveraging
advantages of each Party and emphasis on efficiency. Both Parties shall take the principle of cooperation as the bedrock and the purpose
of the agreement, exercise their rights and fulfill their obligations in good faith.

 

Chapter
II Definitions

 

Unless
the terms or context of this Agreement or other written agreements by Party A and Party B otherwise provide , all terms used in this
Agreement shall have the meanings set out in national laws and regulations, regulations of government departments, or policy provisions
of relevant departments. Industry practices may be referred to for interpretation if there is no clear explanation in the documents aforementioned.

 

    1

     

    

 

Chapter
III Service Mode

 

Article
1 The term “[leading telecommunication service provider]. (Mobile Screen) [Selected Product Package of Fish Learning]” herein
refers to the content operation service provided by Party B to Party A’s users based on the business platform of [leading telecommunication
service provider] (Mobile Screen).

 

Article
2 The business agreed herein may be continuously expanded along with technological and business innovations. If, during the performance
hereof, Party A and Party B plan to carry out business other than the business agreed herein (“New Business”), Party A and
Party B may enter into a separate agreement on the new business or incorporate the new business into this Agreement by signing a supplementary
agreement.

 

Article
3 Party A and Party B have agreed on the principles of content operation service of [leading telecommunication service provider] (Mobile
Screen) [Selected Product Package of Fish Learning] business.

 

Article
4 Region of Cooperation: Party A and Party B shall cooperate within [China] upon mutual agreement.

 

Article
5 Term of Cooperation: The cooperation shall start from [January] [1], [2021] to [December] [31], 2021.

 

Article
6 Party A is entitled to collect service fees from users for broadcasting Internet audio-visual programs (hereinafter referred to as
“Service Fees”). The collection method, billing and settlement of Service Fees are set forth in Chapter VII of this Agreement.

 

    2

     

    

 

Article
7 Unless otherwise agreed by both Parties, Party B shall acknowledge any change to the cooperation business and cooperation mode proposed
by Party A due to the need of business development and assist Party A to complete the changes abovementioned.

 

Article
8 Party A and Party B shall implement relevant policies issued by the competent national industry authorities.

 

Chapter
IV Rights and Obligations

 

Rights
and Obligations of Party A

 

Article
1 Party A provides a business platform and is entitled to verify the product package sharing ratio hereunder and be responsible for billing
and charge of business. Party B shall provide the operation service of the audio-visual program broadcast content of [Selected Product
Package of Fish Learning].

 

Article
2 Party A shall formulate or modify business norms, management methods, quality standards and/or service standards based on the business
and market development, and shall inform Party B in an appropriate manner for Party B to comply with.

 

Article
3 Party A shall have the right, in accordance with relevant national laws and regulations, to directly cease services provided by Party
B and notify Party B with reasons for the cessation through the business management platform of [subsidiary of the leading telecommunication
service provider in China] (Mobile Screen).

 

Article
4 Party A shall evaluate the content operation service capability provided by Party B, and conduct assessment according to Party B’s
service capability, service quality and breach circumstances.

 

Article
5 Party A shall be responsible for building and maintaining the business management platform, ensuring the normal operation of the system,
and managing and updating information related to cooperation. Party A shall inform Party B user name and password of the relevant platform
for business management for Party B’s logging.

 

    3

     

    

 

Article
6 Party A shall assign Party B an enterprise code to identify Party B in Party A’s billing and settlement system, business platform system
and other systems. Party A shall guarantee the stability of the enterprise code obtained by Party B and shall acknowledge that the enterprise
code has the same force in Party A’s system as the enterprise name of Party B’s legal entity.

 

Article
7 Party A shall test the content operation service provided by Party B upon its pass of audit, and shall notify Party B of the start
time of the service once the service passes the test. The official start time of the service shall be subject to the official start time
of Party A’s relevant service.

 

Article
8 Party A shall be solely responsible for the advertising operation related to [leading telecommunication service provider] (Mobile Screen)
business, and Party B shall provide necessary assistance.

 

Article
9 Party A shall, from time to time, promote the product package hereunder through special channels in the form of cost input, whose service
fee income shall not be contained by the settlement with Party B and the settlement rules in Appendix IV shall not apply. Party B shall
actively support relevant work when Party A promotes business through its special channels, and the expenses incurred during the promotion
period shall be jointly borne by both Parties. The service fee income stipulated in this Article shall be confirmed according to the
channel identification number.

 

Rights
and Obligations of Party B

 

Article
10 Party B shall be responsible for providing operation services of the audio-visual program broadcast content of the Selected Product
Package of Fish Learning for [leading telecommunication service provider], including [portal construction, daily operation and maintenance,
video content integration], etc.

 

Article
11 Party B undertakes to provide [education] content on time for the operation of the [Selected Product Package of Fish Learning] with
no less than [***] pieces a day.

 

    4

     

    

 

Article
12 Party B undertakes to fulfill the overall business development goals of brand package set by Party A in full and on time as detailed
in Appendix II.

 

Article
13 Party B shall strictly abide by the business norms, management measures, customer service standards and other relevant documents stipulated
by Party A.

 

Article
14 Party B shall actively cooperate with Party A when Party A adjusts the related business of [subsidiary of the leading telecommunication
service provider in China].

 

Article
15 Party B shall sign Statement of Commitment to Legal Copyright (see Appendix I) to provide independent content and products with independent
copyright, or got the permission of the copyright owner shall have legitimate rights to use relevant content in the forms hereunder.
Party B shall be responsible for the content of copyright and legitimacy, and, therefore, shall dispose of disputes related to copyrights
at its own. Party B shall bear all economic and legal responsibilities for and indemnify Party A for all losses and reasonable expenses
caused by the aforesaid disputes.

 

Article
16 Party B shall abide by national laws and regulations as well as policies related to the national information industry, and shall not
violate the relevant provisions stipulated in the Statement of Safety Responsibilities on [***] [***], Agreement on Integrity
of Partnership with [leading telecommunication service provider] signed by Party B. Any deviation from the provisions abovementioned
shall be deemed to constitute a fundamental breach.

 

Article
17 Party B shall properly keep its user name and password for logging into the platform related to business management and shall not
allow any third party to use it. Party B shall be liable for all the consequences and losses of Party A, Party B and users which are
caused by the disclosure of user name and password to others due to Party B’s own reasons.

 

Article
18 Party B shall not advertise for Party A’s competitors who have the same or similar business scope, or make any statement in
favor of such competitors when providing services.

 

Article
19 Party B shall be responsible for settling all disputes arising from the security and legality of the content and operation services
provided by Party B, and shall ensure that the services provided by Party B will not infringe upon the interests of Party A’s [leading
telecommunication service provider] (Mobile Screen) Business Platform. Otherwise, Party B shall bear all the economic losses and related
expenses thus caused to Party A, and publicly declare its responsibilities in an appropriate manner and eliminate the adverse effects.

 

Article
20 Party B shall submit a written declaration in accordance with Party A’s business management standards two weeks in advance to obtain
Party A’s approval before Party B intends to carry out market promotion and business publicity related to the business hereunder as Party
A requires. Users shall be fully informed of the content of the service/activity, the way to provide it, the rate standard, customer
service telephone number and other contents that users need to know about when ordering and paying the fees. Party B shall not commence
providing service unless obtaining the subscriber’s confirmation in a verifiable manner.

 

Article
21 Party B shall not in any way cheat Party A’s users into subscribing business and charging corresponding fees, or thereby add unnecessary
additional burdens to Party A when providing services to Party A.

 

Article
22 Party B shall be liable for all liabilities arising from any form of business services provided by any third party to Party A’s users
through the service interface provided by Party A to Party B.

 

Article
23 When providing content operation services to Party A, Party B shall not do any of the acts listed in the “List of Breach Acts”
in Appendix III to this Agreement, or engage in any act that is detrimental to the interests of Party A and/or users, or provide support
for any act that is detrimental to the interests of Party A and/or users.

 

    5

     

    

 

Article
24 In case Party B is unable to continue to provide the content operation service stipulated in this Agreement due to poor operation
or other reasons, Party B shall cooperate with Party A to explain to users and deal with such issues after termination. Party B shall
notify Party A in writing three months in advance of the termination of the content operation service of [the leading telecommunication
service provider] (Mobile Screen) business, and enter into a written agreement with Party A and obtain written permission for the withdrawal,
except for withdrawal due to the application of the exit mechanism set forth herein.

 

Article
25 Party B shall clarify the purpose, method and scope of the collection and use of users’ personal information in accordance with the
law and obtain the consent of the recipients if Party B needs to collect and use users’ personal information in business activities;
The user’s personal information collected in the course of business activities shall be kept strictly confidential, and shall not be
disclosed, altered or damaged, sold or illegally provided to others.

 

Chapter
V Management Mechanism and Liability for Breach of the Agreement

 

Article
1 Party A shall appraise Party B’s business and withdraw from the contractual relationship if Party B fails such appraisal, including
without limitation, the following concrete contents:

 

(i)
Party A shall carry out appraisal to Party B based on its service capability, service quality and information security, and the concrete
requirements shall be in compliance with the relevant provisions of the Agreement and Party A’s relevant administrative measures.
Where Party B fails to conform to the agreed standards or it is under any specific circumstances including without limitation the following,
Party A will terminate its cooperation with it:

 

1.
Party B satisfies the conditions for withdrawal in line with the requirements of relevant business specifications;

 

    6

     

    

 

2.
Party B conducts material breach, including its violation of Party A’s relevant business norms or business management measures,
causing a breach of the Agreement and illegal business operations, including without limitation, one of the following situations:

 

(1)
Party B causes a national media exposure event, which exerts a significant negative impact on Party A;

 

(2)
Party B gets involved in 1 or more copyright disputes in a certain month, which is recognized by Party A;

 

(3)
Party B fails to pass the annual inspection of the relevant business license by the superior regulatory authority.

 

(ii)
The appraisal is to be performed once a month.

 

(iii)
Party A ranks the services provided by the partners in the annual appraisal, and no service items will not be added for the last two
in the next year.

 

(iv)
If Party B is removed after appraisal, principally, Party A will not accept its re-submitted qualification application within one year;
in principle, the business application for re-submitting the service item will not be accepted within one year for the service items
that have been withdrawn after the appraisal.

 

(v)
Qualification management

 

Where
Party B fails to pass the annual inspection of the relevant business license by the superior regulatory authority, it shall be deemed
as failing the appraisal.

 

Article
2 Party A will punish Party B’s breach of the Agreement and illegal business practices (see Appendix 3: List of Breaches) in violation
of Party A’s business specifications, and the default level is classified as “general, serious and significant”. The
penalties are as below:

 

General:
if the business settlement is delayed for one month in the current month,[***]%-[***]% of the settlement amount will be deducted

 

    7

     

    

 

Serious:
if the business settlement is delayed until the aftermath of the violation is handled, [***]% of the settlement amount will be deducted

 

Significant:
in this case, the charging point will be suspended, and 100% of the business settlement amount will be deducted during the violation
period and the subsequent processing period. The suspension period of the charging point will be determined in consideration of the severity
of the impact, until the cooperative business of Party B is terminated.

 

If
the Agreement and the above specifications or measures prescribe different treatment methods for the same act, the provisions of the
Agreement shall prevail.

 

Article
3 In line with the requirements of [the leading communication service provider in China] for service management and control, within the
term of the Agreement, Party A shall reinforce the punishment for the complaints arising from the unclear deduction determined by the
Ministry of Industry and Information Technology, that is, for each case of the unclear deduction determined by the Ministry of Industry
and Information Technology associated with Party B, Party A shall temporarily withhold the full amount payable for the accounting period
of the month in which Party B is determined; The final deduction amount will be based on the actual situation, returning the overcharge
and demanding payment of the shortage.

 

Article
4 Party A shall inform Party B of its breach of the Agreement in an appropriate way and demand Party B to confirm it.

 

Chapter
VI Customer Services

 

Article
1 The management of customer services for digital new media services such as Internet audio-visual program services of Party A shall
be subject to the relevant policies and regulations promulgated by the competent department of information industry and the competent
department of radio, film and television under the State Council and the current customer service standards of Party A.

 

    8

     

    

 

Article
2 Party A will use [***] as the hotline for supervision over customer services in the whole network and locally.

 

Article
3 Party B shall set up a perfect and standardized customer service system to satisfy Party A’s current customer service standards.

 

Article
4 Party A and Party B shall execute the first-inquiring responsibility system for user complaints. No matter which Party is ultimately
liable for the complaint, the Party receiving the user complaint assumes the responsibility to coordinate and address the user problem
in a proper manner.

 

Article
5 Party A shall, by means of circulation of work orders, etc., inform Party B of any consultation or complaint problems that can only
be addressed by Party B, and Party B shall give feedback to users within the prescribed time limit of Party A.

 

Article
6 Party A and Party B shall strictly comply with the regulations of the competent department of information industry, radio, film and
television and other competent departments under the State Council, and make compensation in advance for user complaints. This amount
shall be deducted from the operation service fees of broadcasting contents settled with Party B. In the event that the above-mentioned
user complaints are incurred by Party B’s violation of the Agreement, Party B shall also assume the corresponding liability for
breach of the Agreement.

 

Article
7 In the case of termination of cooperation due to Party B’s application for withdrawal, withdrawal through appraisal and illegal
withdrawal of Party B, Party B shall warrant to carry out normal customer service work within 3 months after the business goes offline,
and afford the corresponding compensation payments for complaints.

 

Chapter
VII Billing and Settlement

 

Article
1 Billing

 

(1)
The service fee income generated by [***] (mobile phone screen) business is exclusively owned by Party A. Service fee is the cost incurred
by Party A’s users for using [***] (mobile phone screen) services. Service fees shall be uniformly billed and charged by Party
A.

 

    9

     

    

 

(2)
The product price of [Fish Learning Classic Edition] is RMB [***] yuan per month.

 

Article
2 Settlement

 

(1)
The effective range of billing service fees and making out a bill covers customers who have successfully subscribed [***] (mobile phone
screen) audio-visual programs.

 

(2)
Taking the natural month as the unit, the billing cycle of [***] (mobile phone screen) services to users, starts from [***] on the 1st
day of the natural month and ends at [***] on the last day of the month.

 

(3)
In accordance with the settlement rules in Appendix 4, Party A shall calculate the payable settlement amount of the operation service
fees of broadcasting contents payable to Party B (i.e., the income (tax-inclusive) due to Party B, except the fees specified in Article
9 of Chapter 4 of the Agreement). After summing up, other expenses payable (or gained) by Party B shall be deducted (or added), and the
actual settlement amount of operation service fees of broadcasting contents finally settled by Party A to Party B shall be calculated
based on the appraisal method in Appendix 5. The above-mentioned “other expenses” include, without limitation, special promotion
expenses of product package (see Article 5 of Appendix 2), advance payment by Party A, liquidated damages deducted for Party B’s
breach of the Agreement, and liquidated damages.

 

    10

     

    

 

(4)
Party A shall prepare the settlement report of the previous month for [***] (mobile phone screen) business prior to the 10th day of each
month with the natural month as the cycle, and present the settlement confirmation sheet to Party B in the same month or the next month
when the report is generated based on the settlement report; if Party B issues a special VAT invoice to Party A, Party B shall assign
a special person to send the invoice or send the invoice to Party A by registered mail or express mail within [10] days after it is issued,
and the date of service shall be subject to the date of receipt by Party A; in the case of late delivery, Party B shall pay liquidated
damages at [***]% of the amount of late delivery invoice for each day of delay. In the event that Party A is unable to deduct the amount
due to late delivery, Party B shall also compensate Party A for the losses incurred therefrom, which is equivalent to the deductible
amount of late delivery invoice. If the special VAT invoice provided by Party B is not up to the requirements of laws and regulations
or the Agreement, or fails to pass the tax certification, Party A shall be entitled to reject it or return it after finding any problems,
and Party B shall replace it in a prompt manner. If the special VAT invoice fails to be delivered within the agreed time limit, Party
B shall assume the liability for breach of the Agreement for late delivery as agreed. Party A shall make settlement and payment based
on the invoice amount issued by Party B, settlement confirmation sheet and the Agreement. If Party B raises any objection to the settlement
data, it can present relevant data basis to the cooperative contact department for data audit; Party A will deal with it as appropriate
based on the internal audit process.

 

The
final settlement fees paid by Party A to Party B in accordance with this Article is the tax-inclusive price, and Party B shall issue
a special VAT invoice in full and on time (at the tax rate of 6%). Where Party B cannot provide a special VAT invoice or the tax rate
of the provided special VAT invoice is lower than 6%, Party A shall be entitled to deduct the corresponding amount from the actual settlement
price payable to Party B after settlement based on the settlement rules specified herein.

 

(5)
The bank account information and taxpayer information of Party A and Party B are as follows:

 

The
information of Party A is given below:

 

Opening
Bank: [***]

 

Account
Name: [Subsidiary of a leading telecommunication service provider in China]

 

    11

     

    

 

Account
No.: [***]

 

Taxpayer’s
Identification Number: [***]

 

Address:
[***]

 

Tel:
[***]

 

The
information of Party B is given below:

 

Opening
Bank: [***]

 

Account
Name: [***]

 

Account
No.: [***]

 

Taxpayer’s
Identification Number: [***]

 

Address:
[***]

 

Tel:
[***]

 

If
there is any change to Party B’s above information, it shall inform Party A within 3 days after such change. Where Party B fails
to update the above information in a prompt manner, resulting in Party A’s payment being returned by the bank or other difficulties,
Party A will delay the payment. Where Party A fails to deduct taxes due to Party B’s failure to update the above information or
inform Party A in a prompt manner, Party B shall be liable for the corresponding losses suffered by Party A.

 

(vi)
If Party B changes its company name or partner, a one-month prior written notice shall be given to Party A, and the formal change date
shall be subject to the date of receipt of the written notice. After the change of Party B’s company name, all the payment to be
paid by Party A to Party B, regardless of whether it happens after the change of Party B’s company name or partner’s main
body, shall be paid to the bank account after the change of Party B’s name. Where Party A fails to make payment on time due to
Party B’s failure to properly change the name, it will be subject to Article 2(5) of Chapter 7 of the Agreement.

 

    12

     

    

 

(vii)
In the event that Party B terminates the Agreement for the application of the provisions in the Agreement, Party A and Party B shall
settle the operation service fees of broadcasting contents incurred prior to such termination. When settling accounts, the settlement
method, cycle and process shall be determined pursuant to the Agreement, and the provisions of the Agreement on deducting the operation
service fees of broadcasting contents and liquidated damages due to breach of the Agreement shall prevail.

 

Chapter
VIII Intellectual Property Rights

 

Article
1 When Party A and Party B launch the cooperation hereunder, the copyright, patent right and other intellectual property rights involved
in the video, audio, pictures, instructions, operation manuals, documents, data and software furnished by Party B shall still vest in
the provider unless otherwise specified. This provision shall not be deemed as granting Party A to use or transfer the above-mentioned
rights for purposes other than the cooperation hereunder.

 

Article
2 Unless otherwise agreed upon by the Parties, any form of intellectual property rights incurred by the business involved herein or in
connection with the Agreement shall belong to Party A. Party B shall not claim the intellectual property rights in any form or take any
action that enables Party B to take possession of the intellectual property rights, or disclose the contents of the intellectual property
rights to third parties in any form and/or authorize or permit third parties to use and utilize the intellectual property rights.

 

Article
3 In the case that Party A and Party B enter into a special agreement with respect to the use, utilization and attribution of intellectual
property rights herein, the relevant matters shall be subject to the special agreement, while the provisions of this chapter shall still
apply to the parts not covered by the special agreement or not clearly specified.

 

    13

     

    

 

Article
4 The issues concerning the copyright, trademark right, patent right and other intellectual property rights involved in the business
service of the Parties shall be in compliance with the provisions of relevant national laws; Party B shall conclude required authorization/license
agreements with intellectual property owners/rights holders and/or their agents in accordance with relevant state regulations, in a bid
to guarantee that the business services furnished by Party B will not infringe upon the legitimate rights and interests of intellectual
property owners/rights holders when broadcast on Party A’s platform or through Party A’s partner platform, and Party A will
not assume any liabilities. In the event of a copyright dispute, Party B shall settle it as soon as possible and compensate Party A for
all losses and reasonable expenses thus incurred.

 

Article
5 Party A and Party B may, through amicable consultation, mark Party A’s company brand, customer brand, business name, trademark,
label or LOGO in the service provision process. Without the written confirmation of Party A, Party B shall not use it in any form. Besides,
Party B shall not mislead users into thinking that the contents or services provided by it alone are furnished by Party A or jointly
provided by Party A and Party B. Party B undertakes to strictly comply with Party A’s relevant regulations in the course of using
the above-mentioned LOGO. In the event that the Agreement is terminated or rescinded for any reason whatsoever, Party B shall stop using
Party A’s corporate brand, customer brand, business name, trademark, label or LOGO forthwith, otherwise, Party B shall pay the
use fees to Party A and compensate Party A for all losses thus incurred.

 

Article
6 Under no circumstances shall Party A and Party B infringe upon the trademark rights or other intellectual property rights of either
Party and/or a third party. In the event that either Party A or Party B infringes upon the intellectual property rights of others by
its unilateral act, the infringing Party shall assume all the infringement liabilities, compensate the non-infringing Party for possible
economic losses, and eliminate the possible negative social impact on the non-infringing Party.

 

    14

     

    

 

Chapter
IX Modification and Termination of the Agreement

 

Article
1 During the term of the Agreement, if Party A works out business regulations, administrative measures, quality standards and/or customer
service standards associated with the Agreement, such regulations and standards shall constitute a part of the Agreement to be observed
by the Parties hereunder. Where there arises any conflict between the above-mentioned provisions, methods and/or standards and the clauses
of the Agreement, the above-mentioned provisions, methods and/or standards shall prevail except for the treatment of breach of contract,
unless the Parties consider through consultation that the Agreement shall apply or it is essential to conclude another agreement on the
conflicting contents.

 

Article
2 A fifteen-day prior written notice shall be given to the other Party if either Party intends to change or modify the Agreement. The
Parties hereto shall change or modify the Agreement in writing through consultation.

 

Article
3 Except as expressly provided herein, neither Party shall, during the performance of the Agreement, suspend, terminate the performance
of the Agreement or unilaterally rescind the Agreement without the written consent of the other Party.

 

Article
4 Where one Party fails to fulfill its responsibilities and obligations hereunder or seriously violates the provisions of the Agreement,
resulting in that the other Party is unable to operate or normally launch cooperation hereunder, it shall be deemed that the defaulting
Party unilaterally terminates the Agreement. In this case, the observant Party shall be entitled to claim for the economic losses arising
from its breach of contract from the defaulting Party and rescind the Agreement.

 

Article
5 Provision on the alteration or termination of the Agreement for the reason of Party B’s service qualifications: if Party B is
under one of the following circumstances, the Agreement will be automatically terminated:

 

(1)
Without the approval of Party A, Party B transfers the number, trunk line, digital website and other resources acquired by Party A;

 

    15

     

    

 

(2)
The business area of Party B is beyond the business area and business scope specified in its qualification license;

 

(3)
Without obtaining the qualification license issued by the national competent department, Party B furnishes business contents and types
that require the qualification license;

 

(4)
Party B furnishes false copyright and false qualifications;

 

(5)
Other acts by which Party B does not operate business or furnishes content without authorization contrary to the requirements of relevant
competent departments or those as agreed upon by the Parties.

 

Article
6 During the fulfillment of the Agreement, if there is any event such as division, merger, dissolution, liquidation, bankruptcy, etc.,
which incurs changes to the nature, qualification and civil capacity of the Company, Party B shall inform Party A in writing in a prompt
manner. If Party B is not in possession of the qualification or capability to launch the business hereunder for the reason of dissolution,
liquidation or bankruptcy, the Agreement shall be terminated accordingly. In the event of separation or merger of Party B, the Agreement
shall be terminated accordingly, and the Company (or other entity) that inherits Party B’s business hereunder shall apply to Party
A again for opening business.

 

Article
7 If the company name of Party B is changed, Party B shall promptly go through the formalities of changing the company name, renew the
valid subject qualification certificate and business qualification certificate, and issue the changed qualification certificate to Party
A in a timely manner.

 

    16

     

    

 

Chapter
X Confidentiality

 

Article
1 Confidential information referred to herein covers indivisible trade secrets (including financial secrets), technical secrets, business
know-how and/or other confidential information and materials obtained by one Party (hereinafter referred to as “the Receiving Party”)
from the other Party (hereinafter referred to as “the Disclosing Party”) or jointly created by the Parties in the fulfillment
of the Agreement, no matter what form or carrier the above-mentioned information and materials are in and no matter whether the Disclosing
Party expresses its confidentiality orally, graphically or in writing at the time of disclosure.

 

Article
2 During the term and within five years after the termination hereof, neither Party shall disclose, leak or provide confidential information
to any third party. Where Party A and Party B disclose confidential information to their affiliates, this restriction shall not apply.

 

Article
3 Party A and Party B shall take appropriate measures to properly keep the confidential information provided by the other Party. The
confidential information shall only be used by the Parties for the purpose of the cooperation hereunder.

 

Article
4 The Receiving Party shall, if necessary, return to the Disclosing Party all documents or other materials containing the confidential
information or destroy them as indicated by the Disclosing Party.

 

Article
5 The foregoing restrictions shall not apply to:

 

(1)
When or before entering into the Agreement, such confidential information has been legally possessed by the Receiving Party;

 

(2)
When the confidential information is informed to the Receiving Party, it has been made public or is available from the public domain;

 

(3)
The confidential information is legally acquired by the Receiving Party from a third Party that is not obliged to keep it confidential
or not disclose it;

 

(4)
The confidential information has been made public or is available from the public domain without violating the obligations specified
herein;

 

    17

     

    

 

(5)
The confidential information is independently developed by the Receiving Party or its affiliates or subsidiaries, which have not benefited
from the information acquired by the informing Party or its affiliates or subsidiaries;

 

(6)
If the confidential information is disclosed by the Receiving Party at the request of the court or other legal and administrative departments
(through oral questions, inquiries, requests for information or documents, summonses, civil or criminal investigations or other procedures),
when this happens, the Receiving Party shall issue a notice to the Disclosing Party of information forthwith and make essential explanations.

 

Party
A and Party B shall also have the duty of confidentiality for the specific contents hereof.

 

Article
6 Documents transmitted or exchanged for communication, notification, informing, etc. for the fulfillment of the Agreement shall be properly
kept by the Parties and shall not be used for purposes that are not conducive to the cooperation between the Parties. The Parties shall
not defame or slander each other, and shall not publish any speech detrimental to cooperation between the Parties for the purpose of
attacking the other Party on public occasions.

 

Chapter
XI Force Majeure

 

Article
1 “Force majeure” refers to all events beyond the control of the Parties to the Agreement, which are unforeseeable, or which,
though foreseeable, inevitably hinder either Party’s fulfillment of the Agreement in whole or in part. Such events cover earthquakes,
landslides, collapses, floods, typhoons, astronomical anomalies and other act of God, as well as fires, explosions, accidents, wars,
terrorist incidents, large-scale epidemic diseases, sabotage activities, hacking, network collapse or any other similar or different
incidents.

 

    18

     

    

 

Article
2 In the event of any force majeure, rendering it unable for either Party to fulfill its obligations for the occurrence of such event,
the Party subjected to the above-mentioned force majeure event shall not be liable for the losses suffered by the other Party.

 

Article
3 The Party affected by the aforesaid force majeure event shall immediately notify the other Party of such event in writing and shall,
within fifteen days since the occurrence of the force majeure event, provide details of such event, the reasons and valid documentary
evidence issued by the government authorities for the failure in performance, partial performance or delay in performance of the Contract.
Based on the impact of the force majeure event on the performance of the Agreement, the Parties shall, through consultation, decide whether
to continue to perform or terminate the Agreement.

 

Chapter
XII Governing Law and Dispute Resolution

 

Article
1 The execution, effeteness, performance and interpretation hereof shall be governed by the laws of the People’s Republic of China.

 

Article
2 Any dispute arising out of or in connection with the Agreement shall be resolved by the Parties hereto through friendly consultation.
If no agreement can be reached through such consultation, the Parties agree that dispute settlement method in item [1] below will be
adopted:

 

(1)
The dispute will be submitted to Shanghai International Economic and Trade Arbitration Commission (SHIAC) for arbitration according to
SHIAC arbitration rules in force at the time of application for arbitration. The arbitration is to be conducted in Shanghai. The language
of arbitration shall be Chinese. The arbitration award shall be final and binding upon the Parties hereto. The arbitration fees shall
be borne by the losing party.

 

(2)
The dispute will be brought to a people’s court at the place where Party A is located.

 

Article
3 In the course of arbitration or litigation, the Parties will continue to fulfill the remaining provisions of the Agreement that are
not involved in arbitration or litigation.

 

    19

     

    

 

Chapter
XIII Miscellaneous

 

Article
1 Transferability: Except under the relevant provisions of Chapter 5 hereof, neither Party shall, in full or in part, transfer the rights
and obligations hereunder to any third party.

 

Article
2 No provision of the Agreement shall be interpreted as: (a) establishing a partnership between the Parties or resulting in other joint
liabilities; (b) making either Party the agent of the other Party; (c) authorizing one Party to incur expenses or any other form of obligation
for the other Party.

 

Article
3 The business notice issued by Party A shall, upon receipt by Party B, be deemed as the specific content to be performed as a part of
the Agreement and shall be equally authentic as the text hereof.

 

Article
4 In the event that the content of any other business notice issued by Party A is in conflict with the Agreement, it shall be executed
with reference to the latest business notice issued by Party A.

 

Article
5 Upon expiration of the Agreement, Party A may review Party B’s fulfillment capability and qualifications without altering the
contents of the Agreement. If Party A holds that Party B is in possession of the capability to fulfill the Agreement and Party B’s
qualifications are in line with the conditions for continuing to fulfill the Agreement, the Parties shall make and enter into a written
agreement separately.

 

Article
6 The Agreement shall be made out in four originals, two for each Party. (End)

 

Signature
Page (No text on this page)

 

    20

     

    

 

Party A: [Subsidiary of a leading telecommunication service provider
in China]

 

	Legal Representative/Person in Charge or Authorized Representative (signature):	 
	 	 
	 	 	 
	Date of Signing:	 	 
	 	 	 
	Party B: Shanghai Angyoo Network Technology Co., Ltd.	 
	 	 	 
	Legal Representative/Person in Charge or Authorized Representative (signature):	 
	 	 
	 	 	 
	Date of Signing:	 	 

 

    21

     

    

 

Appendix
1 Safety Responsibility Agreement between [***] and [***], Integrity Agreement for [***] Partners and Genuine Letter
of Commitment

 

Safety
Responsibility Agreement between [***] and [***]

 

In
accordance with the relevant regulations of the Ministry of Industry and Information Technology of the People’s Republic of China,
the State Administration of Press, Publication, Radio, Film and Television, the Ministry of Public Security and other ministries and
commissions on reinforcing the content management of Internet audio-visual programs and the relevant spirit of relevant State departments,
with a view to reinforce the management of information and network security, the cooperative [***] of [***] business must comply with
the following regulations.

 

I.
With a view to guarantee information security, the cooperative [***] of [***] must comply with the provisions on the broadcasting services
of national Internet audio-visual programs:

 

(1)
The following contents shall not be produced, duplicated or disseminated via the international network:

 

1.
Contents that incite resistance and undermine the implementation of the Constitution and laws and administrative regulations;

 

2.
Contents that subvert the State sovereignty or overthrow the socialist system;

 

3.
Contents that incite secession and undermine national unity;

 

4.
Contents that incite ethnic hatred or discrimination or undermine ethnic unity;

 

5.
Contents that fabricate or distort the facts, spread rumors, or disturb the social order;

 

6.
Contents that propagate feudalistic superstition, obscenity, eroticism, gambling, violence, murder or terrorist crimes;

 

7.
Contents that openly insult others or fabricate facts to slander others;

 

8.
Contents that damage the credibility of the State organs; or

 

    22

     

    

 

9.
Other contents that violate the Constitution, laws and administrative regulations.

 

(2)
The contents broadcast on the INTERNET are approved by the cultural publicity management department; it is not allowed to download overseas
INTERNET information and publish it on domestic sites without auhorization;

 

(3)
It is required to organize self-examination on the execution of the content management system, deal with any problems identified forthwith,
earnestly carry out the responsibility system for information security, and reinforce the education and inspection of the staff working
on content management.

 

II.
[***] must screen the content presented by it, and strictly check whether the contents are legal and healthy from the entrance.

 

(1)
Cooperative [***] must screen illegal keywords or other keywords that easily lead to information security problems, particularly politically
sensitive words, and prevent others from promoting illegal contents by use of the homonym or inflexion of illegal words, in a bid to
guarantee the safety and health of the network information sources flowing to Party A;

 

(2)
Cooperative [***] must guarantee that the information furnished will not influence the corporate image of Party A.

 

III.
[***] shall not intercept user information by use of the interface module installed in its own system, and shall not send advertising
information to users without the written consent of Party A; it is strictly forbidden to carry out unauthorized business or conduct business
testing and provide business to users without auhorization on the strength of the network and application support platform furnished
by Party A.

 

IV.
[***] must be provided with logging function and keep historical data for at least six months.

 

V.
It is strictly forbidden to commit hacking behaviors that endanger the operation of the network and infringe upon the interests of other
[***] by all means.

 

    23

     

    

 

VI.
Suggestions on Copyright Issues of [***]

 

(1)
In line with the requirements of the State Council Order of the People’s Republic of China - Administrative Measures for Internet
Content/Application Services, [***] shall guarantee that the content presented is legal and assume corresponding responsibilities.

 

(2)
[***] shall take responsibility for addressing all copyright-related issues in the cooperative operation, such as legal disputes over
copyright issues due to the contents furnished by [***] in the cooperative operation, and [***] shall assume all liabilities.

 

[***]
that violates the above-mentioned regulations will be punished by the relevant departments; in the meanwhile, [***] will suspend its
cooperation with [***]. Apart from that, our company has come up with relevant suggestions on the above-mentioned security issues, and
[***] shall actively reinforce technical prevention to guarantee its own network security and copyright issues based on these suggestions.

 

As
[***] of [***], I consent to comply with the above-mentioned regulations. In the case of any violation of the regulations, I will be
punished and even be held legally accountable.

 

	 	[***]
    (corporate seal):
	 	 
	 	Legal
    Representative/Person in Charge
	 	or
    Authorized Representative (signature):
	 	 
	 	 
	 	Date: ______________________

 

    24

     

    

 

Integrity
Agreement for [***] Partners

 

Party
A: [Subsidiary of a leading telecommunication service provider in China]

 

Party
B: Shanghai Angyoo Network Technology Co., Ltd.

 

In
accordance with Several Provisions on Honest Employment of Leaders of State-owned Enterprises, Code of Professional Conduct
for Employees of [the leading telecommunication service provider] as well as other relevant regulations, the Agreement is hereby
made and concluded through consultation and consent of the Parties with a view to regulate the business behavior of Party A and Party
B, maintain fair competition, maintain honest and self-disciplined work style, and prevent the occurrence of all sorts of improper behaviors.

 

I.
Shared Responsibilities of the Parties

 

(1)
The Parties shall strictly abide by the relevant national laws and regulations and the stipulations on upholding integrity;

 

(2)
The Parties shall strictly comply with business ethics and market rules and jointly create a fair and just business transaction environment;

 

(3)
If either Party is found to have violated any rules or laws in its business activities by the other Party, it shall timely remind the
breaching Party. If the circumstances are serious, it shall report to the relevant authorities.

 

(4)
Without the written consent of the other Party, either Party shall not comment on the incorruptibility of the staff of the partner to
any news media or any third Party.

 

II.
Responsibilities of Party A and its Staff

 

(1)
Neither Party may ask for or accept kickbacks, gifts, securities, payment vouchers and valuables provided by Party B and its related
organizations and staff.

 

(2)
It shall not reimburse any expenses to be paid by Party A or individuals in Party B and its related organizations.

 

    25

     

    

 

(3)
It shall not invest in shares in Party B and its related organizations in violation of regulations, and shall not borrow money from Party
B’s organizations or staff, buy or sell stocks, bonds or other entrusted financial management.

 

(4)
Party A and its staff shall not require, imply or accept any convenience such as housing purchase or decoration, weddings and funerals,
schooling or work arrangements of relatives, sons or daughters, going abroad and traveling provided by Party B and its relevant organizations
and individuals.

 

(5)
It shall not engage in banquets, fitness, entertainment or other activities arranged by Party B and its related organizations that may
affect the fair performance of official duties. Party A and its staff shall not, for the purpose of seeking personal gains, negotiate
privately or reach a tacit agreement with Party B’s staff in the business exchanges.

 

(6)
Party A and its staff shall not accept communication tools, household appliances, celebrity calligraphy and painting, vehicles, high-grade
office supplies or other objects purchased or provided by Party B and its relevant organizations.

 

(7)
It shall not seek illegitimate interests for his spouse, children and others through Party B and its related organizations by taking
advantage of its authority.

 

(8)
It shall not work part-time or receive part-time wages and remuneration in Party B or relevant organizations of Party B in violation
of regulations, seek personal gain by use of Party A’s trade secrets and business channels, or disclose its provision to Party
B and other enterprises and individuals.

 

(9)
It shall not, by taking advantage of its authority and work, propose to Party B any matters or requirements irrelevant with work and
business other than those prohibited by the above provisions.

 

III.
Responsibilities of Party B and its Staff

 

(1)
It shall not provide kickbacks, gifts, securities, payment vouchers, valuables, etc. to Party A and its staff for gaining some illegitimate
interests.

 

    26

     

    

 

(2)
Party B and its staff shall not reimburse any expenses that should be paid by Party A and its staff themselves.

 

(3)
It shall not offer conveniences for Party A’s staff to invest in shares, borrow money personally, buy and sell stocks, bonds or
other entrusted financial management.

 

(4)
Party B and its staff shall not provide any convenience such as housing purchase or decoration, weddings and funerals, schooling or work
arrangements of relatives, sons or daughters, going abroad and traveling for Party A’s staff.

 

(5)
It shall not arrange banquets, fitness, entertainment and other activities for Party A’s staff that may affect the fair performance
of official duties.

 

(6)
Party B and its staff shall not provide communication tools, vehicles, household appliances, celebrity calligraphy and painting, high-grade
office supplies or other objects for Party A and its staff.

 

(7)
It shall not offer conveniences for Party A’s staff and their spouses, children and other relatives to seek illegitimate interests.
Party B and its staff shall not, for the purpose of seeking personal gains, negotiate privately or reach a tacit agreement with Party
A’s staff without authorization in the business exchanges.

 

(8)
It shall not arrange Party A’s staff to work part-time in Party B or its related organizations in violation of regulations or receive
part-time wages and remuneration; it shall not inquire about the business secrets and business channels involving Party A by illegal
means.

 

(9)
Party B shall be obliged to cooperate with Party A in offering evidences and producing evidence when Party A investigates the suspected
dishonest business behaviors.

 

IV.
Liabilities for Breach of the Agreement

 

In
the event that either Party A or Party B violates the above-mentioned clauses, it shall be dealt with based on the administrative authority,
and if it is suspected of committing a crime, it shall be transferred to judicial organs for criminal responsibility; if either Party
causes economic losses to the other Party, it shall make compensation; apart from that, Party A, as the Buyer (Seller), shall be entitled
to reserve the distrust in Party B’s settlement and (engineering) service quality and the right to rescind the Agreement.

 

    27

     

    

 

V.
The Integrity Agreement, as an appendix to the blank form contract, shall have the same legal effect as the Contract and shall take immediate
effect upon being signed and sealed by the Parties hereto.

 

In
the event that Party A and Party B and their staff violate the provisions of the Agreement after the fulfillment of the Agreement, they
shall still be dealt with in accordance with the provisions of the Agreement.

 

Party
A (seal): [Subsidiary of a leading telecommunication service provider in China]

 

Legal
Representative/Person in Charge

 

or
Authorized Representative (signature):_________

 

Date:
_________

 

Party
B (seal): Shanghai Angyoo Network Technology Co., Ltd.

 

Legal
Representative/Person in Charge

 

or
Authorized Representative (signature):_________

 

Date:
_________

 

    28

     

    

 

Statement
of Undertaking

 

To
[Subsidiary of a leading telecommunication service provider in China]:

 

Whereas
a contractual relationship between [subsidiary of leading telecommunication service provider in China] and our company has been established,
statements regarding the cooperation are undertaken as follows:

 

All
works produced under the cooperation of [subsidiary of leading telecommunication service provider in China] and our company have complete
and undisputed rights and the legal right to cooperate with [subsidiary of leading telecommunication service provider in China] in accordance
with relevant contracts. We guarantee that the source of the rights is legal and legitimate, and have been granted with written authorization
by relevant oblige, which enables [subsidiary of leading telecommunication service provider in China] to spread relevant works on Internet
without any legal risk. We shall be fully responsible for and subject to compensation arising from any complaints, recourse, compensation,
or litigation, etc., claimed by third parties caused by the broadcast on [the platform of subsidiary of leading telecommunication service
provider in China] and its cooperative operation platform in the name of [***] and/or our company. [Subsidiary of leading telecommunication
service provider in China] has no obligation to deal with these issues.

 

Given
that [subsidiary of leading telecommunication service provider in China] was confronted with any legal consequences in the use of the
work that has defects of right, the company is willing to unconditionally bear corresponding legal liabilities, that is, the liability
for the breach of contract and the infringements of relevant copyright owners and third parties by [subsidiary of leading telecommunication
service provider in China] according to the judgements and arbitration decision made by courts. Specific liabilities include but are
not limited to the attorney fees, material fees, transportation expenses, regulatory fees, notarization fees, accommodation fees, evidence
collection fees, litigation and arbitration fees, compensation, and fines paid by [subsidiary of leading telecommunication service provider
in China] for being warned, sued, and arbitrated by actual rights holder due to the use of relevant works; the labor and consulting costs
paid by [subsidiary of leading telecommunication service provider in China] due to the broadcast of these works ([subsidiary of leading
telecommunication service provider in China] is obliged to provide reasonable proof of the above expenses, namely, invoices, fee receipts/vouchers,
arbitration awards, court judgments, court mediation documents, administrative penalties, and copies of mediation agreements); apart
from the above compensation, the company will pay RMB[***] additionally to [subsidiary of leading telecommunication service provider
in China] for loss of reputation in the event of giving a public apology as required.

 

This
Statement is regarded as the annex to the relevant contracts between the company and [subsidiary of leading telecommunication service
provider in China], and shall be taken as the standard in case of conflicts with the relevant contract. [Subsidiary of leading telecommunication
service provider in China] is entitled to claim corresponding rights to the company accordingly.

 

Party
B (seal):

 

Legal
representative / person in charge

Or
authorized representative (signature): __________________

 

Date: _____________

 

    29

     

    

 

Appendix
II Overall Goals for Business Development

 

	Total
    income from product package (ten thousand yuan)	 	[***]

 

1.
[Subsidiary of leading telecommunication service provider in China] shall divide the annual development goals into monthly goals and
carry out monthly performance evaluation according to the requirements and grading system on Appendix 5. It’s subject to the notice
from Party A to Party B if there is any change.

 

2.
Party A shall adjust the development goals based on actual business data during the term of this Statement, and the target value specified
in the notice or other documents issued by Party A to Party B is the final.

 

3.
[Subsidiary of leading telecommunication service provider in China] has the right to deduct the corresponding settlement as punishment
for the partners who fail to complete the business development goals in time. The percentage of deductions and penalties shall be subject
to the rules of the Assessment Criterial in Appendix 5. [Subsidiary of leading telecommunication service provider in China] shall notify
all relevant partners in case of any adjustment, and conduct deductions and penalties in line with the new plan after formal notification.
The deducted settlement funds will be put into the year-end outstanding partner award fund pool.

 

4.
[Subsidiary of leading telecommunication service provider in China]will reward outstanding partners who achieve excellent business performance,
overfulfil the annual development goals, or make other special contributions. The rewards shall be subject to prior agreement based on
the amount of funds in the award fund pool for outstanding partners that year.

 

5.
Party B agrees to reserve x %of the full income of the product package on Party A’s platform as a special promotion fee,
and commits to taking the settlement data generated by Party A’s platform as the basis by which the monthly special promotion fee
is calculated. The special promotion fee reserved on Party A’s platform but remain unused will be returned to Party B after the
end of the 2021 accounting period, depending on the business development.

 

    30

     

    

 

Appendix
III Breaches of Contract

 

	 	 	Deduction
    on Free Business	 	Grading
	1	 	Fail
    to inform users the period or the conditions of free business in advance. 	 	General
	2	 	Fail
    to inform users the standards for charges or subscript for users without confirmation in advance of charging when the free business
    is due. 	 	Serious
	 	 	Changes
    on the scope and content of mass texting	 	 
	3	 	Arbitrarily
    change the scope and content of mass texting that has been approved by Party A. 	 	General
	4	 	Arbitrarily
    change the content of mass texting that has been approved by Party A to something involving illegal and reactionary information,
    such as feudal superstition, gambling, drugs, criminal behaviors, guns, Falun Gong, etc. 	 	Serious
	 	 	No
    customer service support or poor support	 	 
	5	 	Failure
    to provide corresponding customer service support in accordance with the agreement and business management measures. Or the 24-hour
    hotline and other relevant information of Party B are inconsistent with that on Party A’s SP service system, or cannot be connected
    normally, or there is no response for a long time. Shift the responsibility to or fail to respond to Party A’s customer service
    complaints promptly as committed in the contract.	 	General
	 	 	Using
    Party A’s information without authorization	 	 
	6	 	Use
    Party A’s name, logo and other related information in business promotion activities without Party A’s consent.	 	General
	 	 	Information
    remaining unclarified	 	 
	7	 	In
    the introduction of business charges, users are not clearly informed of any of the following items in accordance with the business
    management regulations: Party B’s company name, business scope, standards for service fees, customer service hotline, etc.	 	General
	 	 	Adding
    links to free business 	 	 
	8	 	Link
users to the charging page with technical means in free service, or cause changes to normal access by violating business logics with
technical means.

    Unauthorized
change of business content 
	 	General
	9	 	Adjust
    the content of the program that has been released without authorization, e.g. change the news program to tourism program 	 	General
	10	 	Change
    the content of the program that has been released to something indecent and unhealthy without authorization. 	 	Serious
	11	 	Change
    the name and description of the program that has been released without applying for approval. 	 	Serious
	12	 	Change
    the content of the program that has been released to something illegal without authorization, such as reactionary content involving
    feudal superstition, gambling, drugs, criminal behaviors, guns, Falun Gong, etc. 	 	Major

 

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	 	 	Copyright
    piracy	 	 
	13	 	Provide
    the content that is not authorized by the right holder by violating national laws and regulations on intellectual property rights.	 	Serious
	 	 	Tricking
    users to subscribe or purchase paid programs 	 	 
	14	 	Trick
    users to subscribe or purchase paid programs unknowingly and involuntarily, leading to behaviors of deceiving users to pay, and a
    monthly user complaint rate by province lower than [***]‰.	 	General
	15	 	Trick
    users to subscribe or purchase paid programs unknowingly and involuntarily, leading to behaviors of deceiving users to pay, and a
    monthly user complaint rate by province between [***]‰ and [***]‰.	 	Serious
    
	16	 	Trick
    users to subscribe or purchase paid programs unknowingly and involuntarily, leading to behaviors of deceiving users to pay, and a
    monthly user complaint rate by province higher than [***]‰.	 	Major
	 	 	Forcing
    users to subscribe or purchase paid programs	 	 
	17	 	Subscribe
    or purchase paid programs for users with technical means, thereby leading to multiple and wrong charging, and a monthly user complaint
    rate by province lower than or equal to [***]‰. 	 	Serious
	18	 	Subscribe
    or purchase paid programs for users with technical means, thereby leading to multiple and wrong charging, and a monthly user complaint
    rate by province between [***]‰ and [***]‰.	 	Major
	19	 	Subscribe
    or purchase paid programs for users with technical means, thereby leading to multiple and wrong charging, and a monthly user complaint
    rate by province higher than [***]‰.	 	Major
    Plus
	 	 	Malicious
    self-consumption	 	 
	20	 	Conduct
    malicious self-consumption to get income with technical means or by taking advantage of charging loopholes.	 	Serious
	 	 	Unauthorized
    illegal collection of fees	 	 
	21
    	 	Charge
    for other businesses with the business billing code of Tianyi Video Media.	 	Major
	 	 	Unauthorized
    development of terminal built-in services	 	 
	22	 	Partners
    obtain the interests from users by developing built-in services in the terminal without the approval of Tianyi Video Media.	 	Major
	 	 	Complaints
    of negative effects	 	 
	23	 	For
    Party B’s reason, Party A receives any complaints filed to the Ministry of Industry and Information Technology, and
    the complaints are identified to be responsible for SP, or is reported by mainstream media with negative news, thereby suffering
    negative economic and social loss.	 	Serious
	 	 	Unfair
    competition	 	 
	24	 	Engage
    in unfair competition and disrupt market order.	 	Serious
	 	 	Network
    failure	 	 
	25	 	Major
    failures caused by Party B’s business system security mechanism or business design on Party A’s business platform or
    Internet maliciously or by the third party that cannot be proved, having great implications on Party A’s business in some areas
    or across the network.	 	Serious

 

    32

     

    

 

	 	 	Violation
    of the provisions in the relevant management measures for the Supervision of Service Quality of Telecommunications Information Industry	 	 
	26	 	Users
    complain to the Complaint Center of the Ministry of Industry and Information Technology due to Party B’s reasons, causing Party
    A to be sentenced to corporate responsibility twice or more.	 	Major
	27	 	Party
    A is exposed by the central or provincial media for Party B’s violation, thereby damaging Party A’s company image directly
    or indirectly.	 	Major
	28	 	Party
    A is criticized by the Ministry of Industry and Information Technology, the Complain Center of the Ministry of Industry and Information
    Technology, and the Shanghai Municipal Administration of Communications due to Party B’s serious violation, and has its company
    image damaged. 	 	Major
	 	 	Violation
    of regulations on user information confidentiality 	 	 
	29	 	Disclosure,
    damage, or loss of user information due to Party B’s violation of regulations.	 	General
	 	 	Party
    B sells the collected information of users or illegally provides it to others.	 	Major

 

Instruction
on Appendix III:

 

	1.	The
    behaviors listed in the “Breach of Contract” cover possible non-performances in various types of business, unless otherwise
    specified in the main agreement, appendixes, or this list. But some breaches are not applicable to every type of business due to
    technical or business characteristics.

 

	2.	The
    “level of breach of contract” is divided into three categories: general, serious, and major, corresponding to the three
    type of measures for breach of contract in the main contract. The division is in principle based on the severity of the behavior,
    the losses or potential losses caused to Party A and/or users, and the adverse impacts on Party A and/or users. If the grade of the
    breach remains unclarified, for example, listing as being “normal to serious”, “serious to serious” or “normal
    to serious”, it shall be graded according to the nature of the behavior itself, to what degree the behavior has caused a loss
    to Party A and/or users, and the impacts on Party A and/or users.

 

	3.	Party
    A may also apply its business norms and management measures based on the agreement in the main contract in addition to the list.
    But it shall be subject to this list if the business specifications and management measures conflict with this list.

 

	4.	Party
    A has the right to revise and adjust related management specifications, rules, procedures and other documents in accordance with
    the actual situation of business development, or formulate new management specifications, rules, procedures and other documents to
    replace the original documents. The above revised or newly formulated documents shall be issued to Party B, and signed and accepted
    by Party B. Such documents will be an integral part of the main contract after they are issued, and shall be abided by Party B.

 

	5.	Explanation
    of relevant terms

 

1.
Tricking users to subscribe or purchase paid programs: users are tricked to subscribe or purchase paid programs because of the
wrong information or false propaganda released by SP in its marketing. For example: there are uplink and downlink records when users
subscribe or purchase paid programs; the downlink content is not what the user wants or inconsistent with the content in promotion, while
the uplink information content is normal.

 

    33

     

    

 

2.
Forcing users to subscribe or purchase paid programs: users do not take initiative to subscribe programs, but have been charged.
For example:

 

(1)
There are no uplink and downlink records and information content when users subscribe the services, and SP actually does not provide
services to users.

 

(2)
There are uplink and downlink records when the user subscribes the service, and the content of the uplink and downlink information is
normal, but the subscription is concentrated on a period of time, or the number is serialized. The content to confirm the monthly service
for second time is virtually the same, and the uplink command for the subscription is virtually the same. And users deny such subscription
when they are visited by phone in random test.

 

(3)
When users subscribe, there are uplink and downlink records with normal information, one user subscribes for one or more services for
multiple times, or simulates the user to subscribe a certain service, and the user deny such subscription when they are visited by phone
in random test.

 

(4)
When users subscribe, there are uplink and downlink records with normal information, one user subscribes for one or more services for
multiple times, the time of subscription is concentrated, and the user deny such subscription in random test and are found to use the
same or multiple terminal equipment.

 

3.
Malicious self-consumption: subscribe service with their own telecommunications mobile phone numbers. For example: there are almost no
other fees in the user’s call bills except for business service fees and communication fees, users only subscribe to one or more SP services,
the numbers for subscription are consecutive, or the numbers for subscription cannot be connected.

 

Appendix
IV Settlement Rules

 

The
operation service fee of the product package [Fish Leading Classic Eddition] made by [subsidiary of leading telecommunication
service provider in China] (mobile screen) is calculated according to the effective subscription settlement ratio agreed by both parties,
and the settlement ratio of Party B is [***%].

 

Based
on amicable negotiation, in view of the progress of the Ministry of Finance and the State Administration of Taxation on the promotion
of the pilot program of levying VAT on the telecom industry’s business tax, Party A has the right to adjust the settlement methods
and inform Party B in an appropriate manner due to the impact of the relevant policies of the state and industry authorities during the
performance of this contract, which shall be abided by Party B. The relevant notice is an integral part of this contract and has the
same legal effect as the contract.

 

According
to the provisions of the fourth paragraph of Article 2, Chapter 7 of this contract, Party B’s due income shall be settled in the following
way:

 

(1)
Party B can issue special VAT invoices with a tax rate of 6%

 

Party
B’s due income (including tax price) = product monthly billable income * [***]%

 

(2)
Party B can issue special VAT invoices with a tax rate lower than 6%

 

Party
B’s due income (including tax price) = [product monthly billable income * [***]%] ÷ (1 + 6%) * (1 + actual tax rate)

 

    34

     

    

 

(3)
Party B cannot issue special VAT invoices

 

Party
B’s due income (including tax price) = [product monthly billable income *[***]%] ÷ (1+6%)

 

***
Parameter Description ***

 

Monthly
billable income of product packages: the amount of product package receivables minus bad debts ([***]%).

 

At
least one of the content provided by the product package must reach the two standards of effective content supply and effective user
usage simultaneously, otherwise no settlement amount will be generated in the current month.

 

Effective
content supply: The number of content sources that are input in database by partners in accordance with the prescribed standards and
is approved by the licensee. The number of subscription triggered by the content in the current month is higher than or equivalent to1
and there is a valid use record. If there is no valid content in the current month, no settlement amount will be generated.

 

Effective
user usage: The effective user usage of a certain content during the settlement period. The effective user usage is measured in terms
of the length and time of playing. The current measurement standard is the playing time of the content >= [***]x seconds (live playing
time >= [***]x seconds) and play times>=[***]x times; limitation: a single user can record a single video up to [***]x times in
a single month. Party A can adjust the user’s effective usage measurement standards in line with the changes in business development
in the future.

 

Appendix
V Assessment Criterion

 

	Type	 	Classification	 	Grading Methods	 	Evaluation Content and Standard
	Business Performance	 	Product package income ([***] points)      	 	Product package income of the month/target income of the month*100%	 	Scored according to the completion ratio of the monthly income completion index 
	 	 	Bonus Items ([***] points)	 	[***] points capped	 	According to the specific requirements for each section of business of the video company, such as marketing, content, customer service, etc., special requirements to be issued regularly or irregularly, and adding bonus based on the implementation of the special work.

 

    35

     

    

 

	 	 	Deduction Items ([***] points)	 	[***] points capped	 	1. [***] points will be deducted each time if the promotion information is found to be inconsistent with the reported information;  2. [***] points will be deducted each time for the poor performance in the implementation of the notification issued by Tianyi Video Media;       3. Summary reports of marketing activities should be submitted within [***] weeks after the activities end, otherwise [***] points will be deducted each time for late submission or poor quality.
	Update 	 	Update activity ([***] points)	 	Storage number of product package program. No deduction for monthly storage program number higher than [***]; [***] points deducted for  month storage program number between [***] and [***]; [***] points deducted for monthly storage program number of [***]	 	Upload and update the daily program of the product package on time. 
	Cooperation for Operation 	 	Cooperation for Operation ([***] points)	 	[***] point will be deducted each time when serious failures or overtime failures are found. [***] points capped. 	 	Update and maintain the product package in daily work, and handle failures on time. 

 

    36

     

    

 

	Customer Service Assessment 	 	Daily work	 	Processing work according to unqualified complaints	 	1. Work system: Partners should establish A\B shift to ensure that emergency complaints can be responded in 7*24 hours; partners should inform Tianyi Video Media in the event of changing customer service personnel, and [***] points will be deducted for each case in case of no notification or response from the personnel in charge; 2. Timeliness Ratio: time for processing complaints cases = partner feedback time - customer service delivery time, no more than [***] hours. In principle, customer service will not send cases from 20:00 to 8:00. In case of special circumstances, the customer service will send orders and notify the partner by phone. The partner should process and return the order within the specified time to ensure the case to be processes at the first time. In the event of overtime or multiple orders due to invalid reply, [***] points will be deducted for each case; 3. Accuracy: partners should take appropriate methods that meet the requirements of Tianyi Video Media to handle complaints, and the content of the reply should be accurate and standardized (such as refund method, refund amount and screenshots, response results, response recordings, etc.), if the processing is not standardized, and the content does not match the actual information or is missing, [***] points will be deducted for each case;

 

    37

     

    

 

	 	 	 	 	Handle cases with a [***]% rate	 	Make sure users are satisfied with the processing results of the complaints and avoid repetitive complaints. 2 points will be deducted for every repeated complaint, and [***] points will be deducted due to improper handling by the partner, with [***] points capped.
	 	 	Monthly Complaint Rate	 	Monthly complaint rate lower than [***]‰	 	Monthly complaint rate = the number of users involved in complaints this month/the number of users who billed the product package this month. If the complaint rate reaches [***]‰, [***] points will be deducted, and 1 point will be deducted for every over [***]‰, until [***] points are deducted; (e.g. if the complaint rate is [***]‰, then [***] points will be deducted)
	 	 	Number of appeals	 	Calculated according to the number of complaints made to upper level of departments	 	Provincial & Social Supervision Departments: For complaints made to provincial companies, service supervision hotlines, group hotlines, consumer associations, Ministry of Industry and Commerce, administration bureaus, and the Ministry of Industry and Information Technology, [***] points will be deducted for each case.

 

    38

     

    

 

	 	 	 	 	 	 	Superior Management Department: For complaints identified by the Group and the Ministry of Industry and Information Technology, [***] points will be deducted for each case; according to the service management and control requirements of [the leading telecommunication service provider in China], the penalties for complaints of unclear deductions determined by the Ministry of Industry and Information Technology will continue to be strengthened in 2021. Please refer to the detailed agreement.
	Indicators to veto Customer service staff	 	Veto indicator	 	Three-level of violations	 	Three-level violations: involving behaviors of forcing users to subscribe, close, and register. 
	 	 	Media exposure	 	Media exposure: involving exposure by provincial or central media, Internet new media and other news media.
	Bonus Items for Customer Service	 	Bonus Items	 	/	 	Actively assist to expand local promotion, or successfully handle complaints beyond professional expertise with own resources. [***] points will be added depending on the actual situation.

 

2021
SP monthly assessment deduction principle: the monthly assessment of product package SP will be scored between [***] points, and is associated
with the settlement. [***]% of SP monthly settlement amount is linked to the assessment grade; the actual monthly settlement amount of
product package SP = Product package SP monthly settlement amount * the percentage of product package SP monthly assessment score.

 

 

39

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