Document:

Exhibit 10.2

 

EMPLOYEE INTELLECTUAL PROPERTY, NON-COMPETITION,
AND

NON-SOLICITATION AGREEMENT

 

This Employee Intellectual Property, Non-Competition,
and Non-Solicitation Agreement (“Agreement”) is made as of October 14, 2019 (“Effective Date”), by and
between 2U, Inc., a Delaware corporation (“2U”), and Paul Lalljie (“Employee”).

 

RECITAL

 

2U is engaged in a highly competitive Business
(as defined below). Employee’s role and relationship with 2U involves a position of trust and confidence in which Employee
will have access to Confidential Information (as defined below), and Employee’s activities will directly or indirectly support
2U’s business, research and development efforts, relationships with Customers (defined below), and goodwill, all of which
are the result of significant investments by 2U and are valuable interests, which, if used or diverted to benefit a Competitor
(as defined below), would cause irreparable harm. To protect these and other valuable investments and for good and valuable consideration,
including, without limitation, Employee’s employment or continued employment with 2U (including through any promotion) and
the severance payments and benefits set forth in this Agreement, specialized training and/or education provided by or paid for
by 2U, access and/or contributions to Confidential Information (as defined below), and/or direct or indirect access to and/or support
of 2U’s goodwill and relationships with Customers (defined below), Employee agrees to the obligations set forth below;

 

NOW, THEREFORE, incorporating the above
recital as though set forth below, intending to be legally bound hereby, and in exchange for good and valuable consideration, the
parties agree as follows:

 

1.            Engagement.
To the extent that the terms of 2U’s employment of Employee are set forth in any separate employment agreement(s), this
Agreement is hereby deemed incorporated therein. Notwithstanding, should any term of any separate agreement between 2U and Employee,
including any employment agreement, and this Agreement conflict, the terms of this Agreement shall apply.

 

2.            
Definitions.

 

(a)          
“2U” shall mean 2U, its designees, successors and assigns and, in such capacities, its officers, directors,
employees and/or agents.

 

(b)         
“Business” shall mean all products, technologies, and services in or for the digital education and online program
management industries that 2U is now or at any point in time during Employee’s employment with 2U engaged in or developing.

 

(c)          
“Cause” shall mean the occurrence of any of the following events as determined by the Board of Directors of
2U (the “Board”) in its sole discretion: (1) Employee’s indictment for, or conviction or plea of guilty or nolo
contendere to, any felony or any crime involving moral turpitude under the laws of the United States or any state thereof;
(2) Employee’s commission of, or participation in, a fraud or act of willful dishonesty against 2U, or any intentional and
unlawful harassment or discrimination in the course of Employee’s employment with 2U; (3) Employee’s intentional, material
violation of any contract or agreement between Employee and 2U; (4) Employee’s unauthorized use or disclosure of 2U’s
Confidential Information; or (5) Employee’s gross misconduct in connection with the performance of his duties.

 

     

     

    

 

(d)          
“Competitor” shall mean any person or entity involved in any business that competes, or is intended to compete,
with the Business.

 

(e)           “Confidential Information” shall mean any and all information, data, or knowledge that is confidential or proprietary,
treated as confidential or proprietary by 2U or is not generally known by non-2U personnel, including but not limited to:

 

(1)              any
and all information, data or knowledge disclosed by 2U to Employee or learned by Employee about 2U in connection with Employee’s
employment with 2U;

 

(2)              any
and all information, data or knowledge created or developed (in whole or in part) by Employee on behalf of, or in the course of
Employee’s employment with, 2U;

 

(3)              Customer
lists, student lists for 2U’s university partners, prospective Customer lists, and prospective student lists for 2U’s
University partners;

 

(4)              actual
or prospective student personal information collected by 2U and/or by any Customer;

 

(5)              any
and all technical data, trade secrets or know how, patents in development, patent applications, processes, formulas, technology,
designs, drawings, hardware configuration, software, data compilations, trademarks in development, original works of authorship,
business and industry research, business plans, product plans, customer lists and customers, competitive advantages, legal and
personnel practices, marketing, finances or other business information, and financial data, whether or not patentable or registrable
under copyright or similar laws techniques, that were developed by 2U, by 2U employees, or otherwise for or on 2U’s behalf;
and

 

(6)              any
information which 2U obtains from any third party (including but not limited to any Customer) that Employee knows or should know
constitutes such third party’s confidential information.

 

Information, data or knowledge shall be
considered “Confidential Information” regardless of whether it is written or oral, and if written, regardless of how
it was produced or reproduced or whether or not marked or specifically designated as confidential or proprietary. “Confidential
Information” shall not include any of the foregoing items which have become publicly known and made generally available through
no wrongful act of the Employee or of others who were under confidentiality obligations as to the item or items involved.

 

(f)           
“Customer” shall mean any educational institution (including any person or entity affiliated with any educational
institution in a role related to digital education and/or online program management products, technologies, and services) (1) that
Employee contacted, solicited business from, promoted or marketed products or services to, rendered any service to, was assigned
to, had management responsibilities for, or received commissions, bonuses or incentives, or any other compensation on at any point
in time during the last eighteen (18) months of Employee’s employment with 2U; and/or (2) that was the subject of Confidential
Information to which Employee had access during Employee’ s employment with 2U.

 

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(g)          “Good Reason” shall mean the following, without Employee’s consent: (1) the continual assignment of duties
that are not commensurate in any material respect with Employee’s position, or a material diminution in Employee’s
position, authority, reporting lines or responsibilities; (2) a material reduction in Employee’s annual base salary
and/or annual target incentive opportunity; (3) a relocation of Employee’s principal work location to a location that is
35 miles or more from Washington, DC and results in a material increase in Employee’s commute from his primary residence;
(4) 2U’s material violation of any written contract or agreement between Employee and 2U; or (5) Employee no longer serving
as the principal financial officer of the Company (or Company’s successor in interest, if applicable), or the ultimate parent
resulting from a Change in Control (as defined below). In addition, in the event Employee terminates his employment for any reason
during the thirty (30) day period following the six (6)-month anniversary of the date Christopher “Chip” Paucek ceases
to serve as Chief Executive Officer of the Company, and provided Employee has provided 2U with at least thirty (30) days’
prior written notice of such termination, such termination will be considered a Termination for Good Reason. For the avoidance
of doubt, nothing in the preceding sentence limits the Company’s right to terminate Employee’s employment for Cause
or for any reason other than Cause at any time, subject to the terms of this Agreement.

 

(h)           “Inventions”
shall mean developments, concepts, improvements, designs, discoveries, ideas, whether or not patentable or registrable under copyright
or similar laws, which Employee solely or jointly conceives or develops or reduces to practice, or causes to be conceived or developed
or reduced to practice, during the period of Employee’s employment with 2U.

 

(i)            “Restricted
Period” shall mean twelve (12) months following the termination of Employee’s employment with 2U for any reason (voluntary
or involuntary).

 

(j)          “Termination
for Good Reason” shall mean Employee’s election to terminate Employee’s employment for Good Reason, subject
to the following procedure: (1) Employee gives 2U written notice of the event or condition constituting Good Reason within
ninety (90) calendar days of Employee’s knowledge of its first occurrence; (2) the Employee allows 2U thirty (30) calendar
days to cure such event or condition; and (3) if 2U fails to cure such event and condition, Employee terminates employment with
2U within the thirty (30) day period following the end of the cure period.

 

3.            Confidentiality
Obligation. During and after Employee’s employment with 2U, Employee shall hold all Confidential Information in the
strictest confidence and shall not use or disclose any Confidential Information, or provide any third party with access to any
Confidential Information, except as required in the course of Employee’s job responsibilities for 2U, unless (a) specifically
authorized in writing by 2U; (b) as permitted by law where the disclosure is made (1) in confidence to a government official or
to an attorney, either directly or indirectly, solely for the purpose of reporting or investigating a suspected violation of law;
(2) in a complaint or other document filed in a lawsuit or other proceeding, so long as any such filing is made under seal; or
(3) in a lawsuit or proceeding against an employer for retaliation based on the reporting of a suspected violation of law and/or
to an attorney in any such lawsuit so long as any document containing the information is filed under seal and the information
is not otherwise disclosed, except pursuant to court order; or (c) such disclosure is to Employee’s accountants, attorneys
and/or spouse, provided that they also agree to maintain the confidentiality of such Confidential Information.

 

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4.              
Intellectual Property and Work for Hire.

 

(a)            Intellectual
Property Retained and Licensed. Employee has attached hereto, as Exhibit A, a list describing all Inventions, original works
of authorship (including any and all computer code), developments, improvements, and trade secrets which were made by Employee
prior to the date hereof (collectively referred to as “Prior Intellectual Property”), which belong to Employee or
in which Employee has an interest, which relate to 2U’s proposed business, products, programs or research and development,
and which Employee does not assign to 2U hereunder. If no such list is attached, Employee represents that there are no such Prior
Inventions. If Employee incorporates any Prior Intellectual Property into a 2U product, process, method or service, Employee hereby
grants to 2U and 2U shall have a nonexclusive, royalty-free, irrevocable, perpetual and worldwide license to make, have made,
modify, use and sell such Prior Intellectual Property as part of or in connection with such product, process, method or service.

 

(b)            
Assignment of Inventions. Employee will promptly make full written disclosure of all Inventions to 2U. Employee will
hold in trust for the sole right and benefit of 2U, and hereby assigns to 2U (and its successors and assigns), all of Employee’s
right, title, and interest in and to any and all Inventions, except as provided in Section 4(f) below. Employee understands and
agrees that the decision whether or not to commercialize or market any Invention developed by Employee solely or jointly with others
is within 2U’s sole discretion and for 2U’s sole benefit. Employee also agrees that no royalty will be due to Employee
as a result of 2U’s efforts to commercialize or market any such Invention. Employee waives and quitclaims to 2U any and all
claims of any nature whatsoever that Employee now has or hereafter may have for infringement of any patent application, patent,
or other intellectual property right relating to any Inventions.

 

(c)            Work
For Hire. Employee further acknowledges that all original works of authorship which are made by Employee (solely or jointly
with others within the scope of and during the period of Employee’s employment with 2U) and which are protectable by copyright
are “works made for hire,” as that term is defined in the United States Copyright Act. To the extent that any such
writings or works of authorship by Employee are not, by operation of law or otherwise, deemed works made for hire, Employee hereby
irrevocably assigns to 2U the ownership of, and all rights (including but not limited to copyright) in, such items, and 2U shall
have the right to obtain and hold in its own name all rights of copyrights, copyright registrations and similar protections that
may be available with respect to any such writings or works.

 

(d)             Maintenance
of Records. Employee agrees to keep and maintain adequate and current written records of all Inventions made by Employee (solely
or jointly with others) during the term of Employee’s employment with 2U, including, as applicable, notes, sketches, drawings,
and any other format that may be specified by 2U. Employee shall provide such records to 2U as requested by 2U, and such records
shall remain the sole property of 2U at all times.

 

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(e)          Patent
and Copyright Registrations. Employee and Employee’s executors, administrators, and legal representatives will be reasonably
available to assist 2U, at 2U’s expense, in every proper way to secure 2U’s rights in the Inventions and any copyrights,
patents, or other intellectual property rights relating thereto in any and all countries. Employee agrees to disclose to 2U all
pertinent information and with respect to the Inventions. Employee and Employee’s executors, administrators, and legal representatives
will execute all applications, specifications, oaths, assignments and all other instruments which 2U shall deem reasonably necessary
in order to apply for and obtain such rights and in order to assign and convey to 2U the sole and exclusive rights, title and
interest in and to such Inventions, and any copyrights, patents, or other intellectual property rights relating thereto. The foregoing
obligations shall continue after the termination, expiration or completion of Employee’s employment with 2U for any reason.
If 2U is unable because of Employee’s mental or physical incapacity or for any other reason to secure Employee’s signature
to pursue any application for any United States or foreign patents or copyright or trademark registrations covering Inventions
or original works of authorship assigned to 2U as above, then Employee hereby irrevocably designates and appoints 2U as Employee’s
agent and attorney in fact, to act for and in Employee’s behalf and stead to execute and file any such applications and
to do all other lawfully permitted acts to further the prosecution and issuance of patent or copyright or trademark registrations
thereon with the same legal force and effect as if executed by Employee.

 

(f)           Exception
to Assignments. Employee understands that the provision of this Agreement requiring assignment of Inventions to 2U does not
apply to Inventions that the Employee developed or develops entirely on the Employee’s own time without using 2U’s
equipment, supplies, facility or confidential or trade secret information unless those same Inventions relate to 2U’s business
or actual or demonstrably anticipated research or development, or result from any work performed by the Employee for 2U.

 

5.            
Competition and Future Employment.

 

(a)            No
Competition During and After Employment. Given Employee’s access and contributions to Confidential Information, the
specialized training or education provided by or paid for by 2U, and/or Employee’s direct or indirect access to and/or support
of 2U’s goodwill and Customer relationships, during Employee’s employment with 2U and during the Restricted Period,
Employee shall not, directly or indirectly (on Employee’s own or in combination or association with others, and whether
for Employee’s own benefit or for the benefit of other persons or entities), perform, or assist others to perform, work
involving the Business for a Competitor. Notwithstanding the foregoing, this Section 5(a) does not prohibit Employee from providing
services to any entity that (i) is comprised of multiple, independently managed subsidiaries or divisions, and (ii) in the prior
fiscal year of such entity (measured at the commencement of Employee’s employment or other service with that entity) derived
less than 15% of its total revenue from the Business (an “Approved Conglomerate”) or any subsidiary, business unit
or division of any Approved Conglomerate, so long as Employee does not provide direct services, advice or support to a subsidiary,
business unit or division of such Approved Conglomerate engaged in the Business and is not in any other way materially involved
in the Approved Conglomerate’s Business operations.

 

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(b)         
Notification of Future Employment. In connection with the termination of Employee’s employment with 2U and
during the Restricted Period, Employee shall provide 2U with fourteen (14) calendar days’ written notice of any new employment
with a Competitor to allow 2U a reasonable opportunity to seek to obtain written assurances from Employee and Employee’s
new employer satisfactory to 2U that Employee will not be rendering services which conflict with Employee’s obligations in
Section 5(a) of this Agreement. If Employee initiates the termination, there shall be, at 2U’s sole option, a period of up
to fourteen (14) calendar days after Employee gives written notice pursuant to this Section before the termination becomes effective,
during which time Employee will provide such transitional services as 2U may reasonably request, and 2U will continue Employee’s
pay so long as Employee satisfactorily provides such services.

 

6.            Non-Interference
and Non-Solicitation of Customers. During Employee’s employment with 2U and for a period of twelve (12) months after
the termination of Employee’s employment with 2U for any reason (voluntary or involuntary), Employee shall not, directly
or indirectly (on Employee’s own or in combination or association with others, and whether for Employee’s own benefit
or for the benefit of other persons or entities), contact, call upon, solicit Business from, render services to, or market services,
products, or platforms to any Customer and/or divert or interfere with, or attempt to divert or interfere with, 2U’s business
or relationship with any Customer; provided, however, that the foregoing does not prohibit Employee’s general marketing
and advertising not specifically targeted at any Customer.

 

7.          
Non-Interference and Non-Solicitation of Employees and Contractors. During Employee’s employment and for a
period of twelve (12) months after the termination of Employee’s employment with 2U for any reason (voluntary or involuntary),
Employee shall not, directly or indirectly (on Employee’s own or in combination or association with others, and whether for
Employee’s own benefit or for the benefit of other persons or entities), (a) solicit, encourage, entice, or induce, or attempt
to solicit, encourage, entice, or induce, any employee or contractor who is then or was, during the last twelve (12) months of
Employee’s employment with 2U, employed by or contracted by 2U to terminate his, her, or its employment or other contractual
relationship with 2U for any reason; or (b) offer employment to, hire, or cause to be hired by any entity or person other than
2U any employee or contractor who (1) is then or was, during the last six (6) months of Employee’s employment with 2U, employed
by or contracted by 2U; and (2) comes to or approaches Employee and/or his/her future employer without Employee’s direct
or indirect solicitation, involvement, or action; provided, however, that the foregoing shall not be violated by Employee’s
good faith performance of his duties to 2U nor does the foregoing prohibit general recruiting and job postings not specifically
targeted at any such employee or contractor of 2U.

 

8.            Returning
Company Documents. Employee agrees that, immediately upon the termination of Employee’s employment with 2U for any reason
(voluntary or involuntary), Employee will deliver to 2U (and will not keep in Employee’s possession (including in any physical,
electronic, or online/cloud files), recreate or deliver to anyone else) any and all 2U devices, Confidential Information, and
any other 2U property, including, but not limited to, records, data, notes, reports, proposals, lists (specifically including,
but not limited to, 2U Customer lists and student lists), correspondence, specifications, drawings, blueprints, sketches, materials,
equipment, other documents or property, or reproductions of any aforementioned items developed or obtained by Employee during
Employee’s employment with 2U or otherwise belonging to 2U, its successors, subsidiaries, parent or assigns, including,
without limitation, those records maintained pursuant to Section 4(d) of this Agreement; provided, however, that notwithstanding
anything in the foregoing to the contrary, Employee shall be permitted to retain, as his own property, Employee’s individual
personal documents (such as tax, payroll and employee benefit records) and his personal address book and/or rolodex to the extent
each contains only contact information.

 

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9.          Severance.
Solely in the event of either a termination by 2U of Employee’s employment other than for Cause (excluding terminations
due to death or mental or physical disability) or Employee’s Termination for Good Reason, and contingent upon the Employee’s
signing within 21 days following the date of such employment termination (and not revoking, if applicable) a separation agreement
including a general release of claims in the form provided to the Employee by 2U (which form shall be in substantially the form
attached hereto as Exhibit B (the “Separation and Release”)) as well as the Employee’s continued compliance
with Sections 3, 4, 5, 6, 7, and 8 of this Agreement, Employee will be entitled to the following severance payments and benefits:

 

(a)         twelve
(12) months of Employee’s annual base salary at the time of termination, with the payment divided into equal installments
paid out over a period of twelve (12) months following Employee’s termination in accordance with 2U’s regular scheduled
payroll practice; provided, however, that in the event such termination of employment occurs three (3) months prior to a
Change in Control (as defined in the 2U, Inc. Amended and Restated 2014 Equity Incentive Plan) or within twelve (12) months after
a Change in Control, Employee will instead be entitled to a lump sum payment equal to the sum of (i) Employee’s annual base
salary at the time of termination, payable within sixty (60) days following the effective date of termination (or, if such termination
occurred prior to the Change in Control, in lieu of the payment in this clause (i) any remaining base salary severance payment
installments that would otherwise have been due to Employee under this subsection (a) absent such Change in Control will be accelerated
and paid within thirty (30) days following the effective date of such Change in Control), and (ii) Employee’s target annual
bonus for the year of termination, payable within sixty (60) days following the effective date of termination (or, if such termination
occurred prior to the Change in Control, within thirty (30) days following the effective date of such Change in Control);

 

(b)        a prorated annual bonus for the year of termination based on actual performance for the full calendar year as determined
by the Board (or compensation committee thereof) and prorated based on the number of months Employee was employed during the calendar
year, payable in a lump sum when annual bonuses for such year are paid to Company employees generally (but in no event later than
March 15 of the year following the year of termination); and

 

(c)          subject
to Employee’s valid election to continue healthcare coverage under one or more of the Company’s group health plans
pursuant to Section 4980B of the Internal Revenue Code of 1986, as amended, 2U shall directly pay, or reimburse Employee, for
the cost of continuation coverage for Employee and Employee’s covered dependents under such group health plans, during the
period commencing on the date of Employee’s termination of employment and ending upon the earliest of: (i) the date that
is twelve (12) months following Employee’s termination; (ii) the date that Employee and/or Employee’s covered dependents
become no longer eligible for such coverage; and (iii) the date Employee becomes eligible for group medical coverage from a subsequent
employer (and Employee agrees to promptly notify the Company of such eligibility). Notwithstanding the foregoing, if the Company
determines in its sole discretion that it cannot provide the foregoing benefit without potentially violating applicable law (including,
without limitation, Section 2716 of the Public Health Service Act) or incurring an excise tax, the Company will instead provide
Employee with a taxable monthly payment payable at the same time as, and in an amount equal to the amount of, the premium the
Company would otherwise have paid or reimbursed, as applicable, under this subsection (c).

 

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All payments made to
Employee pursuant to this Section will be subject to withholding for all applicable federal, state and local withholding taxes.
For the avoidance of doubt, Employee will not be required to mitigate the amount of any payments that come due under this Section
9 by seeking other employment, and such amounts will not be reduced by any compensation earned by Employee as a result of his other
employment following the termination of his employment with 2U.

 

Notwithstanding anything to the contrary
in this Agreement: (i) all benefits or payments provided by 2U to Employee that would be deemed to constitute “nonqualified
deferred compensation” within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”),
are intended to comply with or be exempt from Section 409A and (ii) no portion of the benefits or payments to be made under this
Agreement subject to Section 409A will be payable until Employee has a “separation from service” from 2U within the
meaning of Section 409A. In addition, to the extent compliance with the requirements of Treas. Reg. § 1.409A-3(i)(2) (or any
successor provision) is necessary to avoid the application of an additional tax under Section 409A to payments due to Employee
upon or following Employee’s “separation from service,” then notwithstanding any other provision of this Agreement
(or any otherwise applicable plan, policy, agreement, or arrangement), any such payments that are otherwise due within six (6)
months following Employee’s “separation from service” (taking into account the preceding sentence of this Paragraph)
will be deferred without interest and paid to Employee in a lump sum immediately following that six (6) month period. This Paragraph
should not be construed to prevent the application of Treas. Reg. § 1.409A-1(b)(9)(iii) (or any successor provision)
to amounts payable hereunder. For purposes of the application of Section 409A, each payment in a series of payments will be deemed
a separate payment. If the execution period applicable to the Separation and Release begins in one (1) calendar year and ends in
the subsequent calendar year, no payments hereunder shall commence until such subsequent calendar year. 2U makes no representation
that any or all of such payments will be exempt from or comply with Section 409A, and 2U makes no undertaking to preclude Section
409A from applying to any such payment. In addition, (A) all expenses or other reimbursements provided by 2U to Employee shall
be payable in accordance with 2U’s policies in effect from time to time, but in any event shall be made on or prior to the
last day of the taxable year following the taxable year in which such expenses were incurred by Employee, (B) no such reimbursement
or expenses eligible for reimbursement in any taxable year shall in any way affect the expenses eligible for reimbursement in any
other taxable year and (C) the right to reimbursement or in-kind benefits shall not be subject to liquidation or exchanged
for another benefit.

 

10.           Representations.
Employee agrees to execute any proper oath or verify any proper document required to carry out the terms of this Agreement. Employee
represents that Employee’s performance of and under all the terms of this Agreement will not breach any other agreement
to keep in confidence proprietary information acquired by Employee in confidence or in trust prior to Employee’s engagement
with 2U. Employee has not entered into, and Employee agrees not to enter into, any oral or written agreement in conflict herewith.

 

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11.        Voluntary
Nature of Agreement. EMPLOYEE ACKNOWLEDGES AND AGREES THAT EMPLOYEE IS EXECUTING THIS AGREEMENT VOLUNTARILY AND WITHOUT ANY
DURESS OR UNDUE INFLUENCE BY 2U OR ANYONE ELSE. EMPLOYEE FURTHER ACKNOWLEDGES AND AGREES THAT EMPLOYEE HAS CAREFULLY READ THIS
AGREEMENT AND THAT EMPLOYEE HAS ASKED ANY QUESTIONS NEEDED TO UNDERSTAND THE TERMS, CONSEQUENCES AND BINDING EFFECT OF THIS AGREEMENT
AND FULLY UNDERSTAND IT. FINALLY, EMPLOYEE AGREES THAT EMPLOYEE HAS BEEN PROVIDED AN OPPORTUNITY TO SEEK THE ADVICE OF AN ATTORNEY
OF EMPLOYEE’S CHOICE BEFORE SIGNING THIS AGREEMENT.

 

12.         
General Provisions.

 

(a)          Governing
Law. This Agreement, and any claim or dispute (whether in contract, tort or otherwise) arising out of or related to this Agreement
or the transactions contemplated hereby, will be governed by and construed in accordance with the laws of the State of Delaware
without regard to its conflict of law provisions.

 

(b)          Venue and Consent to Jurisdiction. Any action, suit, or proceeding brought by Employee arising out of, connected
with, or related to the subject matter of this Agreement shall be brought exclusively in a state or federal court of Delaware with
subject matter jurisdiction. Any action, suit, or proceeding brought by 2U arising out of, connected with, or related to the subject
matter of this Agreement may be brought in a state or federal court of Delaware with subject matter jurisdiction. Employee consents
to personal jurisdiction and venue in the state and federal courts of Delaware in any action, suit, or proceeding arising out of,
connected with, or related to the subject matter of this Agreement, waives any objection to venue in those courts, and consents
to service of process by United States mail or express courier service in any such action, suit, or proceeding. Employee irrevocably
and unconditionally waives the right to a trial by jury in any action, suit, or proceeding arising out of, connected with, or related
to the subject matter of this Agreement or the actions of the parties in the negotiation, administration, performance, or enforcement
of this Agreement.

 

(c)          Entire
Agreement. This Agreement sets forth the entire agreement and understanding between 2U and Employee relating to the subject
matter herein and supersedes all prior discussions between Employee and 2U. No modification of or amendment to this Agreement,
nor any waiver of any rights under this Agreement, will be effective unless in writing signed by the party to be charged. Any
subsequent change or changes in Employee’s duties, obligations or compensation will not affect the validity or scope of
this Agreement.

 

(d)          Severability. If one or more of the provisions in this Agreement are deemed void by law, then the remaining provisions
will continue in full force and effect.

 

(e)          Successors, Assigns, and Third-Party Beneficiaries. 2U may transfer, convey, or assign this Agreement and any rights
or obligations, in whole or in part, to any existing or future affiliate of 2U or to any acquirer or successor by merger, sales
of assets, sale of stock, or any other form of acquisition or transaction pertaining to all or part of the business of 2U, and
Employee consents to such transfers, conveyances, or assignments. This Agreement shall inure to the benefit of and may be enforced
by 2U and any of its existing or future affiliates, including their successors and assigns, and shall be binding upon Employee,
Employee’s heirs, executors, administrators, successors, assigns, and other legal representatives, and other successors in
interest. This Agreement is personal to Employee’s employment with 2U and may not be assigned by Employee for any reason.

 

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13.        
Specific Relief. The Parties agree that the restrictions outlined in Sections 3, 4, 5, 6, 7, and 8 are reasonable
and necessary protections of the immediate interests of 2U and that 2U would not have entered into this Agreement, or provided
the consideration herein, without Employee’s agreement thereto. Employee agrees and acknowledges that Employee’s breach
of any of the restrictions outlined in Sections 3, 4, 5, 6, 7, and 8 will cause irreparable harm to 2U and that damages arising
out of any such breach may be difficult to determine. Employee therefore agrees and acknowledges that, in addition to all other
rights and remedies 2U may have at law and/or in equity, 2U shall be entitled to specific performance and temporary and/or permanent
injunctive relief restraining the breach and/or further breach of this Agreement by Employee, by Employee’s new Employer,
and by any others acting in concert with Employee without the necessity of 2U’s proving actual damages or posting a bond.
Employee agrees that if Employee breaches any restriction in Sections 5, 6, or 7 of this Agreement, then the restricted periods
in those Sections shall all be extended automatically, and courts shall have the power to enforce the post-employment restricted
periods in those Sections from the date of the last breach up to a maximum of twenty-four (24) months from the date Employee’s
employment with 2U terminates. Should any provision in Sections 3, 4, 5, 6, 7, or 8, or any portion thereof, be invalidated or
not enforced under applicable law, this shall not affect the validity or enforceability of the remaining portions of any such provision
or any other provision in this Agreement and shall not affect the enforcement of this Agreement in any other jurisdiction. Employee
further agrees that, to the extent any provision in Sections 3, 4, 5, 6, 7, or 8, or any portion thereof, is unenforceable because
it is deemed by a court to be overbroad, the provision shall be reformed and revised to the extent necessary to protect the applicable
legitimate business interests of 2U, or otherwise applied and enforced in a more limited manner to the fullest extent permissible
under applicable law.

 

14.          Survival. The provisions of this Agreement shall survive the termination of Employee’s employment, regardless
of the reason for termination.

 

15.          California Employees.

 

(a)          Sections
12(a) and 12(b) shall not apply with respect to any controversy or claim arising in California, provided in each instance that
(1) Employee primarily resided and worked in California (i) during and in connection with Employee’s employment with 2U
and (ii) at the time Employee entered into this Agreement; and (2) Employee was not individually represented by counsel in
negotiating the terms of this Agreement.

 

(b)          In any controversy arising in California, the post-employment obligations in Sections 5 and 6 and the no-hire obligation
in Section 7 shall not apply with respect to services Employee renders in California after termination of employment that do not
involve Employee’s use or disclosure of Confidential Information, provided in each instance that (1) Employee primarily resided
and worked in California (i) during and in connection with Employee’s employment with 2U and (ii) at the time that Employee
entered into this Agreement; and (2) Employee was not individually represented by legal counsel in negotiating the terms of
this Agreement.

 

    10

     

    

 

16.          
Massachusetts Employees.

 

(a)          If Employee is a resident of the Commonwealth of Massachusetts and has been employed with 2U in the Commonwealth of Massachusetts
at the time Employee’s employment with 2U terminates and for the thirty (30) calendar days immediately preceding that termination,
then (1) this Agreement shall be governed by and interpreted according to the laws of the Commonwealth of Massachusetts, without
regard to its conflict of law rules; and (2) any action relating to or arising out of this Agreement shall be brought either in
the county of Massachusetts wherein Employee resides or in the superior court or the business litigation session of the superior
court of Suffolk County, Massachusetts, or, if subject matter jurisdiction exists, in the United States District Court for the
District of Massachusetts, and Employee consents to personal jurisdiction and venue in such courts and to service of process by
United States mail or express courier service in any such action.

 

(b)          
Employee acknowledges and agrees that the mutually agreed upon consideration set forth in this Agreement is adequate to
satisfy the requirements of Massachusetts law.

 

EMPLOYEE HAS A RIGHT TO CONSULT, AND IS
ADVISED TO CONSULT, WITH COUNSEL PRIOR TO SIGNING THIS AGREEMENT. EMPLOYEE ACKNOWLEDGES THAT EMPLOYEE HAS HAD AT LEAST FOURTEEN
(14) CALENDAR DAYS TO REVIEW ITS TERMS. EMPLOYEE FURTHER ACKNOWLEDGES HAVING READ THIS AGREEMENT AND HAVING EXECUTED THIS AGREEMENT,
AND EMPLOYEE AGREES TO THE TERMS ABOVE AND ACKNOWLEDGES THAT EMPLOYEE INTENDS TO BE LEGALLY BOUND BY THIS AGREEMENT.

 

[Remainder of page intentionally left
blank]

 

    11

     

    

 

AGREED AND ACCEPTED:

 

		2U,Inc.	

 

		By:	/s/
                                         Christopher J Paucek

		Name:	Christopher
                                         J Paucek

		Title:	Co-Founder & CEO

		Address:	
	 	 	 

		Date:	October 10, 2019

 

		Employee	
	 	 	 

		By:	/s/ Paul Lalljie

		Name:	Paul Lalljie

		Address:	
	 	 	 

		Date:	October 10, 2019

 

    12

     

    

 

Exhibit
A

 

LIST OF PRIOR INVENTIONS

AND ORIGINAL WORKS OF AUTHORSHIP

 

	
        Title 
	
        Date 
	
        Identifying
Number or Brief Description 

	1.	 	 
	2.	 	 
	3.	 	 

 

I agree that my inventions or improvements
are listed or I have none.  ̈

 

Additional Sheets Attached
  ̈

 

	Signature of Employee:	
	Print Name of Employee: 	 
	Date:	 	 	 

 

    13

     

    

 

Exhibit
B

 

GENERAL RELEASE OF CLAIMS

 

_____________________
(“Employee”), as of the date set forth below, hereby enters into this GENERAL RELEASE OF CLAIMS (this “Release”).

 

WHEREAS, 2U, Inc. (the
 “Company”), and Employee are parties to a Confidential Information, Invention Assignment, Work for Hire and No Solicit/No
Hire Agreement (the “Restrictive Covenant Agreement”);

 

WHEREAS, Employee’s
employment with the Company terminated on _________________; and

 

WHEREAS, the effectiveness
of this Release is a condition precedent to Employee’s receiving severance pursuant to the Restrictive Covenant Agreement.

 

NOW, THEREFORE, Employee
agrees as follows:

 

1.                 Release.
Employee, on behalf of him/herself and his/her heirs, executors, administrators, successors and assigns, hereby irrevocably and
unconditionally releases the Company, its shareholders, partners, directors, board of managers, officers, agents, employees, parent
companies, affiliates, subsidiaries, predecessors and successors, assigns, heirs, executors, administrators, attorneys, insurers
and reinsurers, and anyone acting on its behalf (in such capacities, collectively, the “Company Releasees”) of and
from any and all actions, causes of action, claims, compensation, costs, demands, damages, debts, expenses, injuries, liabilities,
and losses of whatsoever nature, known or unknown (collectively, the “Claims”) which Employee or Employee’s
heirs, executors, administrators, successors or assigns ever had, now have or hereafter can, will or may have (either directly,
indirectly, derivatively or in any other representative capacity) by reason of any matter, fact or cause whatsoever against the
Company Releasees from the beginning of time through the date upon which Employee signs this Release, including, but not limited
to, any Claims arising out of or relating to Employee’s employment with the Company and/or the termination of Employee’s
employment with the Company, including, but not limited to, the following (all statutory references include any amendments thereto):
the Age Discrimination in Employment Act of 1967 (if applicable); the Older Workers Benefit Protection Act; 42 U.S.C. § 1981
(if applicable); the Federal Civil Rights Acts of 1866, 1870, 1871, 1964, 1972, 1988, and 1991; Title VII of the Civil Rights
Act of 1964; the National Labor Relations Act; the Labor Management Relations Act, 1947; the Fair Labor Standards Act of 1938;
the Equal Pay Act of 1963; the Rehabilitation Act of 1973; the Consolidated Omnibus Budget Reconciliation Act of 1985; the Americans
With Disabilities Act of 1990; the Family and Medical Leave Act of 1993; the Employee Retirement Income Security Act; Executive
Order 11246; Md. Code Ann., State Gov’t § 20-101 to 20-1203; and any other applicable federal, state, or local laws.
For employees working and/or residing in the state of California, the release provisions of this Section 1 expressly include claims
for violations of the California Fair Employment and Housing Act, the California Family Rights Act, as well as claims for wages,
penalties, attorneys’ fees or any other claim arising under the California Labor Code, California Business and Professions
Code section 17200 et seq., and the applicable California Industrial Welfare Commission Order. Nothing in this Release
shall be deemed to release or impair any rights under the Restrictive Covenant Agreement or any rights that cannot be waived under
applicable law, including as to unemployment compensation or workers’ compensation benefits, or Employee’s right to
report possible violations of federal law or regulation to any governmental agency or entity in accordance with the provisions
of and rules promulgated under Section 21F of the Securities Exchange Act of 1934 or Section 806 of the Sarbanes-Oxley Act of
2002, or any other whistleblower protection provisions of state or federal law or regulation. Employee represents that Employee
has no complaints, charges, or lawsuits pending against the Company Releasees. Employee understands and agrees that nothing in
this Release is intended to, or shall, interfere with or affect Employee’s right to participate or cooperate in any federal,
state, or local administrative or government agency (such as the Equal Employment Opportunity Commission or Securities Exchange
Commission) proceeding or investigation or to file a charge or Claim with such an agency. Employee further covenants and agrees
that, except to the extent prohibited by applicable law, neither Employee nor Employee’s heirs, executors, administrators,
successors, or assigns will be entitled to any personal recovery or relief in any proceeding of any nature whatsoever against
the Company Releasees arising out of any of the matters released in this Release.

 

    14

     

    

 

Notwithstanding the foregoing,
this Release does not limit Employee’s right to receive an award for information provided to the SEC. In addition, this Release
does not limit or release Employee’s rights (a) to benefits accrued and vested prior to the effective date of Employee’s
employment termination under any employee benefit plan, policy or arrangement maintained by the Company, (b) to documented, accrued
and unpaid wages, benefits and expense reimbursement owing for the period through the effective date of Employee’s termination
of employment, (c) as a shareholder or in respect of outstanding equity awards pursuant to the applicable equity plan and award
agreement, (d) to indemnification under contract, applicable corporate law, the by-laws or certificate of incorporation of the
Company, any Company benefit plan, or as an insured under any director’s and officer’s liability insurance policy,
or (e) to enforce this Release.

 

2.          California
Release of Unknown Claims. Employee understands that this release extends to all of the aforementioned claims and potential
claims forever and to the fullest extent permissible by law, whether now known or unknown, suspected or unsuspected, and that
this constitutes an essential term of this Agreement. Employee expressly waives any right or benefit available to Employee in
any capacity under the provisions of California Civil Code section 1542, which provides as follows:

 

A GENERAL RELEASE DOES NOT EXTEND TO
CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF
KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.

 

3.            Acknowledgement
and Older Workers Benefit Protection Act. The Parties intend for this Release to comply with Section 201 of the Older
Workers Benefit Protection Act of 1990, as applicable. Employee acknowledges and represents as follows:

 

(a)              
Employee has read and understands this Release and all of its terms, conditions, requirements and obligations.

 

    15

     

    

 

(b)              
By executing this Release, Employee does not waive rights or claims that may arise after the date this Release is executed.

 

(c)              Prior
to executing this Release, the Company has advised Employee in writing to consult with an attorney of Employee’s choosing
in connection with this Release, Employee has had the opportunity to consult with an attorney of Employee’s choosing in
connection with this Release, and Employee is fully satisfied that Employee understands it completely.

 

(d)               Employee
has had or has been offered a period of at least twenty- one (21) calendar days within which to consider this Release and understands
and acknowledges that, at Employee’s sole option, Employee may (but is not required to) execute this Release prior to the
expiration of this twenty-one (21) day period.

 

(e)             If Employee is, at the time of signing this Release, 40 years of age or older, then Employee will have seven (7) calendar
days from the date on which Employee signs this Release to revoke Employee’s consent to the terms of this Release. Such revocation
must be in writing and must be addressed and sent via facsimile or electronic mail as follows: Erin Anderson, SVP,
Human Resources, Fax: 240-667-7844, Email: eanderson@2u.com, and notice of such revocation must be received by 2U within the seven
(7) calendar days referenced above. Provided that Employee does not revoke this Release within the seven (7) calendar days referenced
above, this Release shall become effective on the eighth (8th) calendar day after the date on which Employee signs this
Release.

 

4.            Nondisparagement.
Employee acknowledges and agrees not to disparage or encourage or induce others to disparage the Company Releasees. The Company
shall not in any official statement, filing or press release, and shall instruct each of its directors and officers to not, disparage
or encourage or induce others to disparage Employee. Nothing in this Agreement is intended to or shall (a) prevent Employee, the
Company, or any other person from providing truthful testimony in response to a valid subpoena, court order, regulatory request,
or other judicial, administrative, or legal process, or otherwise as required by law, or from responding truthfully to disparaging
comments made by the other party or (b) operate or be interpreted to limit or constrain actions or inactions the Company or Employee,
as applicable, determines are reasonably necessary or appropriate to satisfy the Company’s or the Employee’s, as applicable,
reporting obligations under the rules and regulations of the U.S. Securities and Exchange Commission or other applicable laws.

 

5.             Assignment.
This Release is personal to Employee, and Employee may not assign Employee’s obligations under it. This Release will inure
to the benefit of the Company Releasees.

 

6.             Governing
Law. This Release shall be governed by and construed in accordance with the laws of the State of Maryland without regard
to the application of any choice-of-law rules that would result in the application of another state’s laws.

 

    16

     

    

 

IN WITNESS WHEREOF, Employee has executed
this Release on the below-written date.

 

	EMPLOYEE	 	 	 
	 	 	 	 
	 	 	 	 
	Paul Lalljie	 	DATE	 

 

    17Exhibit 10.1

 

DEFINITIVE SHARE EXCHANGE AGREEMENT

 

This Definitive Share Exchange Agreement
(“Agreement”), dated as of October 8, 2019, is among ZYQC International Holding Group Limited (“ZYQC”),
a Seyelles corporation located at Floor 4, Block C, Huabaoyihao Building, Futian Free Trade Zone, Futian District, Shenzhen, China,
the shareholders of ZYQC listed on Exhibit A attached hereto (collectively, the “Shareholders”), ZYQC Group
Holding Limited (“ZYQG”), located at Floor 9, Block B Zhongminshidai Square Sungang RD, Luohu District, Shenzhen China,
and Jun Chen, the Chief Executive Officer of ZYQG (“Chen”). Collectively, the Shareholders, ZYQC, ZYQG and Chen are
the “Parties.”

 

The parties hereby enter into this Agreement,
following which,

 

1. ZYQG will own 300,000,000
common shares of ZYQC, representing one hundred percent (100%) of its issued and outstanding shares;

 

2. The Shareholders will acquire
300,000,000 shares of ZYQG common shares representing 98.32% of ZYQG’s outstanding shares (the “Share Exchange”),
calculated post-issuance;

 

3. ZYQC will hold no common shares
of ZYQG, as the wholly-owned subsidiary of ZYQG.

 

RECITALS

 

WHEREAS, the Shareholders currently hold
300,000,000 shares of common stock, with a stated capital of $50,000, issued and outstanding of ZYQC and is desirous of relinquishing
all of their ZYQC shares so that they would be issued 300,000,000 shares, as per Exhibit A, of ZYQG common stock and that
305,103,100 shares of ZYQG common stock would be outstanding; their ownership from this issuance would represent 98.32% of ZYQG’s
outstanding shares; and that ZYQC would be a wholly-owned subsidiary of ZYQG.

 

WHEREAS, Chen currently owns 5,052,000
shares of common stock of ZYQG, representing a controlling voting interest, and is desirous of ZYQC becoming a wholly-owned subsidiary
of ZYQG.

 

WHEREAS, ZYQG, Chen, and ZYQC are desirous
of ZYQG acquiring 100% of the outstanding shares of ZYQC, issuing 300,000,000 shares of ZYQG common stock in the process, making
ZYQC a wholly-owned subsidiary of ZYQG.

 

WHEREAS, the board of directors and the
Shareholders of ZYQG and ZYQC, respectively, have each agreed to issue and exchange shares, as necessary to cause the forgoing
results, upon the terms, and subject to the conditions, set forth in this Agreement.

 

     

     

    

 

WHEREAS, it is intended that, for federal
income tax purposes, the Share Exchange shall qualify as a reorganization under the provisions of Section 368(a)(1)(B) of the Internal
Revenue Code of 1986, as amended (the “Code”), and the rules and regulations promulgated thereunder, and be tax-free
pursuant to Section 351(a) of the Code.

 

WHEREAS, the Parties desire to make certain
representations, warranties, covenants and agreements in connection with this Agreement.

 

NOW, THEREFORE, in consideration of the
premises and mutual promises herein made, and in consideration of the representations, warranties, covenants and agreements herein
contained, and intending to be legally bound hereby, the Parties agree as follows:

 

INCORPORATION OF RECITALS BY REFERENCE.
The Recitals are hereby incorporated herein by this reference, as if fully restated herein.

 

ARTICLE I

DEFINITIONS

 

I.1 Certain Definitions. The following
terms shall, when used in this Agreement, have the following meanings:

 

“Acquisition” means the acquisition
of any businesses, assets or property other than in the ordinary course, whether by way of the purchase of assets or stock, by
ZYQG acquiring one hundred percent (100%) of the outstanding shares of ZYQC pursuant to this Share Exchange Agreement and the Shareholders
acquiring 300,000,000 shares of ZYQG.

 

“Affiliate” means, with respect
to any Person: (i) any Person directly or indirectly owning, controlling or holding with power to vote ten percent (10%) or more
of the outstanding voting securities of such other Person (other than passive or institutional investors); (ii) any Person ten
percent (10%) or more of whose outstanding voting securities are directly or indirectly owned, controlled or held with power to
vote, by such other Person; (iii) any Person directly or indirectly controlling, controlled by or under common control with such
other Person; and (iv) any officer, director or partner of such other Person. “Control” for the foregoing purposes
shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies
of a Person, whether through the ownership of voting securities or voting interests, by contract or otherwise.

 

“Business Day” means any day
other than Saturday, Sunday or a day on which banking institutions in New York, New York, are required or authorized to be closed.

 

“Code” means the United States
Internal Revenue Code of 1986, as amended.

 

“Collateral Documents” mean
the Exhibits and any other documents, instruments and certificates to be executed and delivered by the Parties hereunder or there
under.

 

    2

     

    

  

“Commission” means the Securities
and Exchange Commission or any Regulatory Authority that succeeds to its functions.

 

“Effective Time” means, the
moment in time when the shares of the ZYQG are exchanged for the shares of ZYQC.

 

“Encumbrance” means any material
mortgage, pledge, lien, encumbrance, charge, security interest, security agreement, conditional sale or other title retention agreement,
limitation, option, assessment, restrictive agreement, restriction, adverse interest, restriction on transfer or exception to or
material defect in title or other ownership interest (including restrictive covenants, leases and licenses).

 

“Exchange Act” means the Securities
Exchange Act of 1934, as amended, and the rules and regulations there under.

 

“GAAP” means United States
generally accepted accounting principles as in effect from time to time.

 

“Legal Requirement” means any
statute, ordinance, law, rule, regulation, code, injunction, judgment, order, decree, ruling, or other requirement enacted, adopted
or applied by any Regulatory Authority, including judicial decisions applying common law or interpreting any other Legal Requirement.

 

“Losses” shall mean all damages,
awards, judgments, assessments, fines, sanctions, penalties, charges, costs, expenses, payments, diminutions in value and other
losses, however suffered or characterized, all interest thereon, all costs and expenses of investigating any claim, lawsuit or
arbitration and any appeal there from, all actual attorneys’, accountants’ investment bankers’ and expert witness’
fees incurred in connection therewith, whether or not such claim, lawsuit or arbitration is ultimately defeated and, subject to
Section 9.4, all amounts paid incident to any compromise or settlement of any such claim, lawsuit or arbitration.

 

“Liability” means any liability
or obligation (whether known or unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued or unaccrued,
whether liquidated or unliquidated, and whether due or to become due), including any liability for Taxes.

 

“Material Adverse Effect” means
a material adverse effect on (i) the assets, Liabilities, properties or business of the Parties, (ii) the validity, binding effect
or enforceability of this Agreement or the Collateral Documents or (iii) the ability of any Party to perform its obligations under
this Agreement and the Collateral Documents; provided, however, that none of the following shall constitute a Material Adverse
Effect on ZYQG: (i) the filing, initiation and subsequent prosecution, by or on behalf of Shareholder of any Party, of litigation
that challenges or otherwise seeks damages with respect to the Share Exchange, this Agreement and/or transactions contemplated
thereby or hereby, (ii) occurrences due to a disruption of a Party’s business as a result of the announcement of the execution
of this Agreement or changes caused by the taking of action required by this Agreement, (iii) general economic conditions, or (iv)
any changes generally affecting the industries in which a Party operates.

 

    3

     

    

 

“Exchange Shares” means 300,000,000
common shares of ZYQC held by the Shareholders (the “ZYQC Shares”), exchanged by the Shareholders to ZYQG, for 300,000,000
newly issued shares of ZYQG (the “ZYQG Shares”).

 

“ZYQG Business” means the business
conducted by ZYQG.

 

“ZYQG Common Stock” means the
common shares of ZYQG.

 

“Permit” means any license,
permit, consent, approval, registration, authorization, qualification or similar right granted by a Regulatory Authority.

 

“Permitted Liens” means (i)
liens for Taxes not yet due and payable or being contested in good faith by appropriate proceedings; (ii) rights reserved to any
Regulatory Authority to regulate the affected property; (iii) statutory liens of banks and rights of set off; (iv) as to leased
assets, interests of the lessors and sub-lessors thereof and liens affecting the interests of the lessors and sub-lessors thereof;
(v) inchoate material men’s, mechanics’, workmen’s, repairmen’s or other like liens arising in the ordinary
course of business; (vi) liens incurred or deposits made in the ordinary course in connection with workers’ compensation
and other types of social security; (vii) licenses of trademarks or other intellectual property rights granted by ZYQG, in the
ordinary course and not interfering in any material respect with the ordinary course of the business of ZYQG; and (viii) as to
real property, any encumbrance, adverse interest, constructive or other trust, claim, attachment, exception to or defect in title
or other ownership interest (including, but not limited to, reservations, rights of entry, rights of first refusal, possibilities
of reversion, encroachments, easement, rights of way, restrictive covenants, leases, and licenses) of any kind, which otherwise
constitutes an interest in or claim against property, whether arising pursuant to any Legal Requirement, under any contract or
otherwise, that do not, individually or in the aggregate, materially and adversely affect or impair the value or use thereof as
it is currently being used in the ordinary course.

 

“Person” means any natural
person, corporation, partnership, trust, unincorporated organization, association, Limited Liability Company, Regulatory Authority
or other entity.

 

“Proposed Acquisition” means
any of the following transactions (other than the transactions contemplated by this Agreement): (i) a merger, consolidation, business
combination, recapitalization, liquidation, dissolution or similar transaction involving ZYQG pursuant to which the Shareholder
of ZYQG immediately preceding such transaction hold less than fifty percent (50%) of the aggregate equity interests in the surviving
or resulting entity of such transaction, (ii) a sale or other disposition by ZYQG of assets representing in excess of fifty percent
(50%) of the aggregate fair market value of ZYQG Business immediately prior to such sale or (iii) the acquisition by any person
or group (including by way of a tender offer or an exchange offer or issuance by ZYQG), directly or indirectly, of beneficial ownership
or a right to acquire beneficial ownership of shares representing in excess of fifty percent (50%) of the voting power of the then
outstanding shares of capital stock of ZYQG.

 

    4

     

    

  

“Regulatory Authority” means:
(i) the United States of America; (ii) any state, commonwealth, territory or possession of the United States of America and any
political subdivision thereof (including counties, municipalities and the like); (iii) Canada and any other foreign (as to the
United States of America) sovereign entity and any political subdivision thereof; or (iv) any agency, authority or instrumentality
of any of the foregoing, including any court, tribunal, department, bureau, commission or board.

 

“Representative” means any
director, officer, employee, agent, consultant, advisor or other representative of a Person, including legal counsel, accountants
and financial advisors.

 

“Securities Act” means the
Securities Act of 1933, as amended, and the rules and regulations there under.

 

“Subsidiary” of a specified
Person means (a) any Person if securities having ordinary voting power (at the time in question and without regard to the happening
of any contingency) to elect a majority of the directors, trustees, managers or other governing body of such Person are held or
controlled by the specified Person or a Subsidiary of the specified Person; (b) any Person in which the specified Person and its
subsidiaries collectively hold a fifty percent (50%) or greater equity interest; (c) any partnership or similar organization in
which the specified Person or subsidiary of the specified Person is a general partner; or (d) any Person the management of which
is directly or indirectly controlled by the specified Person and its Subsidiaries through the exercise of voting power, by contract
or otherwise.

 

“Tax” means any U.S. or non
U.S. federal, state, provincial, local or foreign income, gross receipts, license, payroll, employment, excise, severance, stamp,
occupation, premium, windfall profits, environmental, customs duties, capital, franchise, profits, withholding, social security
(or similar), unemployment, disability, real property, personal property, intangible property, recording, occupancy, sales, use,
transfer, registration, value added minimum, estimated or other tax of any kind whatsoever, including any interest, additions to
tax, penalties, fees, deficiencies, assessments, additions or other charges of any nature with respect thereto, whether disputed
or not.

 

“Tax Return” means any return,
declaration, report, claim for refund or credit or information return or statement relating to Taxes, including any schedule or
attachment thereto, and including any amendment thereof.

 

“Treasury Regulations” means
regulations promulgated by the U.S. Treasury Department under the Code.

 

    5

     

    

 

ARTICLE II

THE SHARE EXCHANGE

 

II.1 Share Exchange. In accordance
with and subject to the provisions of this Agreement and the Nevada Revised Statutes (the “Code”), at the Effective
Time, ZYQC shall become a wholly-owned subsidiary of ZYQG, and ZYQG shall be the sole shareholder and shall continue in its existence
until a merger, if any. Pursuant to the Share Exchange, the Shareholders are relinquishing all of their ZYQC common shares, constituting
one hundred percent (100%) of the issued and outstanding shares of ZYQC (the “ZYQC Shares”), and is acquiring 300,000,000
shares of ZYQG (the “ZYQG Shares”), representing 98.32% of the outstanding shares of ZYQG; ZYQG is issuing 300,000,000
of its shares, and is acquiring the 300,000,000 ZYQC Shares; and becoming the wholly-owned subsidiary of ZYQG.

 

II.2 Stock Transfer Books. Effective
immediately, the stock transfer books of ZYQG shall be delivered to ZYQC.

 

II.3 Restriction on Transfer. The
Exchange Shares may not be sold, transferred, or otherwise disposed of without registration under the Act or an exemption therefrom,
and that in the absence of an effective registration statement covering the Share Exchange Shares or any available exemption from
registration under the Act, the Share Exchange Shares must be held indefinitely. The Parties are aware that the Share Exchange
Shares may not be sold pursuant to Rule 144 promulgated under the Act unless all of the conditions of that Rule are met. Among
the conditions for use of Rule 144 may be the availability of current information to the public about the Surviving Company.

 

II.4 Restrictive Legend. All certificates
representing the Exchange Shares shall contain an appropriate restrictive legend.

 

II.5 Closing. The closing of the
transactions contemplated by this Agreement and the Collateral Documents (the “Closing”) shall take place via conference
call at the offices of McMurdo Law Group LLC 1185 Avenue of the Americas 3rd Floor New York, New York 10036, or at such
other location as the parties may agree at 10:00 AM, EST Time on the agreed date, which, shall be concurrent with the signing hereof
(the “Closing Date”).

 

ARTICLE III

REPRESENTATIONS AND WARRANTIES OF ZYQG

 

ZYQG represents and warrants to the Shareholder
that the statements contained in this ARTICLE III are correct and complete as of the date of this Agreement and, except as provided
in Section 7.1, will be correct and complete as of the Closing Date (as though made then and as though the Closing Date were substituted
for the date of this Agreement throughout this ARTICLE III, except in the case of representations and warranties stated to be made
as of the date of this Agreement or as of another date and except for changes contemplated or permitted by this Agreement).

 

III.1 Organization and Qualification.
ZYQG is a corporation duly organized, validly existing and in good standing under the laws of its respective jurisdiction of organization.
ZYQG has all requisite power and authority to own, lease and use its assets as they are currently owned, leased and used and to
conduct its business as it is currently conducted. ZYQG is duly qualified or licensed to do business in and is in good standing
in each jurisdiction in which the character of the properties owned, leased or used by it or the nature of the activities conducted
by it make such qualification necessary, except any such jurisdiction where the failure to be so qualified or licensed would not
have a Material Adverse Effect on ZYQG or a material adverse effect on the validity, binding effect or enforceability of this Agreement
or the Collateral Documents or the ability of ZYQG to perform its obligations under this Agreement or any of the Collateral Documents.

 

    6

     

    

 

III.2 Capitalization.

 

(a) The authorized capital stock
and other ownership interests of ZYQG, a Nevada corporation, consists of 1,000,000,000 common shares of Common Stock, of which
5,103,100 were issued and outstanding as of September 17, 2019, 5,052,000 of which were held by Chen. All of the outstanding ZYQG
Common Stock have been duly authorized and are validly issued, fully paid and non-assessable.

 

(b) Other than what has been described
herein or in ZYQG’s public filings, there are no outstanding or authorized options, warrants, purchase rights, preemptive
rights or other contracts or commitments that could require ZYQG to issue, sell, or otherwise cause to become outstanding any of
its capital stock or other ownership interests (collectively “Options”).

 

(c) All of the issued and outstanding
shares of ZYQG Common Stock and ZYQG Preferred Stock have been duly authorized and are validly issued and outstanding, fully paid
and non-assessable and have been issued in compliance with applicable securities laws and other applicable Legal Requirements or
transfer restrictions under applicable securities laws.

 

III.3 Authority and Validity.
ZYQG has all requisite corporate power to execute and deliver, to perform its obligations under, and to consummate the transactions
contemplated by, this Agreement (subject to the approval of Chen as contemplated herein and subject to the receipt of any necessary
consents, approvals, authorizations or other matters referred to herein). The execution and delivery by ZYQG of, the performance
by ZYQG of its obligations under, and the consummation by ZYQG of the transactions contemplated by, this Agreement have been duly
authorized by all requisite action of ZYQG (subject to the approval of Chen as contemplated herein). This Agreement has been duly
executed and delivered by ZYQG and (assuming due execution and delivery by the Shareholder and approval by Chen) is the legal,
valid and binding obligation of ZYQG, enforceable against it in accordance with its terms, except that such enforcement may be
subject to (i) bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting or relating to enforcement of
creditors’ rights generally and (ii) general equitable principles. Upon the execution and delivery of the Collateral Documents
by each Person (other than by the Shareholder) that is required by this Agreement to execute, or that does execute, this Agreement
or any of the Collateral Documents, and assuming due execution and delivery thereof by the Shareholder, the Collateral Documents
will be the legal, valid and binding obligations of ZYQG, enforceable against ZYQG in accordance with their respective terms, except
that such enforcement may be subject to (i) bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting
or relating to enforcement of creditors’ rights generally and (ii) general equitable principles.

 

    7

     

    

 

III.4 No Breach or Violation.
Subject to obtaining the consents, approvals, authorizations, and orders of and making the registrations or filings with or giving
notices to Regulatory Authorities and Persons identified herein, the execution, delivery and performance by ZYQG of this Agreement
and the Collateral Documents to which it is a party, and the consummation of the transactions contemplated hereby and thereby in
accordance with the terms and conditions hereof and thereof, do not and will not conflict with, constitute a violation or breach
of, constitute a default or give rise to any right of termination or acceleration of any right or obligation of ZYQG under, or
result in the creation or imposition of any Encumbrance upon ZYQG, ZYQG Assets, ZYQG Business or ZYQG Common Stock by reason of
the terms of (i) the articles of incorporation, by laws or other charter or organizational document of ZYQG or any Subsidiary of
ZYQG, (ii) any material contract, agreement, lease, indenture or other instrument to which ZYQG is a party or by or to which ZYQG,
or the Assets may be bound or subject and a violation of which would result in a Material Adverse Effect on ZYQG, (iii) any order,
judgment, injunction, award or decree of any arbitrator or Regulatory Authority or any statute, law, rule or regulation applicable
to ZYQG or (iv) any Permit of ZYQG, which in the case of (ii), (iii) or (iv) above would have a Material Adverse Effect on ZYQG
or a material adverse effect on the validity, binding effect or enforceability of this Agreement or the Collateral Documents or
the ability of ZYQG to perform its obligations under this Agreement or any of the Collateral Documents.

 

III.5 Consents and Approvals.
Except for requirements described in Schedule 3.5, no consent, approval, authorization or order of, registration or filing with,
or notice to, any Regulatory Authority or any other Person is necessary to be obtained, made or given by ZYQG in connection with
the execution, delivery and performance by ZYQG of this Agreement or any Collateral Document or for the consummation by ZYQG of
the transactions contemplated hereby or thereby, except to the extent the failure to obtain any such consent, approval, authorization
or order or to make any such registration or filing would not have a Material Adverse Effect on ZYQG or a material adverse effect
on the validity, binding effect or enforceability of this Agreement or the Collateral Documents or the ability of ZYQG to perform
its obligations under this Agreement or any of the Collateral Documents.

 

III.6 Intellectual Property.
ZYQG warrants that it has good title to or the right to use all material company intellectual property rights and all material
inventions, processes, designs, formulae, trade secrets and know how necessary for the operation of ZYQG Business without the payment
of any royalty or similar payment.

 

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III.7 Compliance with Legal
Requirements. ZYQG has operated its business in compliance with all Legal Requirements applicable to ZYQG except to the extent
the failure to operate in compliance with all material Legal Requirements would not have a Material Adverse Effect on ZYQG or Material
Adverse Effect on the validity, binding effect or enforceability of this Agreement or the Collateral Documents.

 

III.8 Litigation. There
are no outstanding judgments or orders against or otherwise affecting or related to ZYQG, ZYQG Business or ZYQG Assets and there
is no action, suit, complaint, proceeding or investigation, judicial, administrative or otherwise, that is pending or, to ZYQG’s
knowledge, threatened that, if adversely determined, would have a Material Adverse Effect on ZYQG or a material adverse effect
on the validity, binding effect or enforceability of this Agreement or the Collateral Documents, except as noted in the audited
Company Financial Statements or documented by ZYQG to the Shareholder.

 

III.9 Taxes. ZYQG has
duly and timely filed in proper form all Tax Returns for all Taxes required to be filed with the appropriate Regulatory Authority,
and has paid all taxes required to be paid in respect thereof except where such failure would not have a Material Adverse Effect
on ZYQG, except where, if not filed or paid, the exception(s) have been documented by ZYQG to the Shareholder.

 

III.10 Books and Records.
The books and records of ZYQG accurately and fairly represent ZYQG Business and its results of operations in all material respects.

 

III.11 Brokers or Finders.
All negotiations relative to this Agreement and the transactions contemplated hereby have been carried out by ZYQG and/or its Affiliates/Representatives
in connection with the transactions contemplated by this Agreement, neither ZYQG, nor any of its Affiliates/Representatives have
incurred any obligation to pay any brokerage or finder’s fee or other commission in connection with the transaction contemplated
by this Agreement.

 

III.12 Disclosure. No
representation or warranty of ZYQG in this Agreement or in the Collateral Documents and no statement in any certificate furnished
or to be furnished by ZYQG pursuant to this Agreement contained, contains or will contain on the date such agreement or certificate
was or is delivered, or on the Closing Date, any untrue statement of a material fact, or omitted, omits or will omit on such date
to state any material fact necessary in order to make the statements made, in light of the circumstances under which they were
made, not misleading.

 

III.13 No Undisclosed Liabilities.
ZYQG is not subject to any material liability (including unasserted claims), absolute or contingent, which is not shown or which
is in excess of amounts shown or reserved for in the balance sheet as of June 30, 2019 other than liabilities of the same nature
as those set forth in ZYQG Financial Statements and reasonably incurred in the ordinary course of its business after June 30, 2019[THERE
ARE NO REPORTS FILED TO BE REFERENCED].

 

    9

     

    

 

III.14 Absence of Certain
Changes. Since June 30, 2019, ZYQG has not: (a) suffered any material adverse change in its financial condition, assets, liabilities
or business; (b) contracted for or paid any capital expenditures; (c) incurred any indebtedness or borrowed money, issued or sold
any debt or equity securities, declared any dividends or discharged or incurred any liabilities or obligations except in the ordinary
course of business as heretofore conducted; (d) mortgaged, pledged or subjected to any lien, lease, security interest or other
charge or encumbrance any of its properties or assets; (e) paid any material amount on any indebtedness prior to the due date,
forgiven or cancelled any material amount on any indebtedness prior to the due date, forgiven or cancelled any material debts or
claims or released or waived any material rights or claims; (f) suffered any damage or destruction to or loss of any assets (whether
or not covered by insurance); (g) acquired or disposed of any assets or incurred any liabilities or obligations; (h) made any payments
to its affiliates or associates or loaned any money to any person or entity; (i) formed or acquired or disposed of any interest
in any corporation, partnership, limited liability company, joint venture or other entity; (j) entered into any employment, compensation,
consulting or collective bargaining agreement or any other agreement of any kind or nature with any person. Or group, or modified
or amended in any respect the terms of any such existing agreement; (k) entered into any other commitment or transaction or experience
any other event that relates to or affect in any way this Agreement or to the transactions contemplated hereby, or that has affected,
or may adversely affect ZYQG Business, operations, assets, liabilities or financial condition; or (1) amended its Articles of Incorporation
or By-laws, except as otherwise contemplated herein.

 

III.15 Contracts. A
true and complete list of all contracts, agreements, leases, commitments or other understandings or arrangements, written or oral,
express or implied, to which ZYQG is a party or by which it or any of its property is bound or affected requiring payments to or
from, or incurring of liabilities by, ZYQG in excess of $100,000 (the “Contracts”). The Company has complied with and
performed, in all material respects, all of its obligations required to be performed under and is not in default with respect to
any of the Contracts, as of the date hereof, nor has any event occurred which has not been cured which, with or without the giving
of notice, lapse of time, or both, would constitute a default in any respect there under. To the best knowledge of ZYQG, no other
party has failed to comply with or perform, in all material respects, any of its obligations required to be performed under or
is in material default with respect to any such Contracts, as of the date hereof, nor has any event occurred which, with or without
the giving of notice, lapse of time or both, would constitute a material default in any respect by such party there under. ZYQG
knows of and has no reason to believe that there are any facts or circumstances which would make a material default by any party
to any contract or obligation likely to occur subsequent to the date hereof.

 

    10

     

    

 

III.16 Permits and Licenses.
ZYQG has all certificates of occupancy, rights, permits, certificates, licenses, franchises, approvals and other authorizations
as are reasonably necessary to conduct its business and to own, lease, use, operate and occupy its assets, at the places and in
the manner now conducted and operated, except those the absence of which would not materially adversely affect its business. ZYQG
has not received any written or oral notice or claim pertaining to the failure to obtain any material permit, certificate, license,
approval or other authorization required by any federal, state or local agency or other regulatory body, the failure of which to
obtain would materially and adversely affect its business.

 

III.17 Assets Necessary
to Business. ZYQG owns or leases all properties and assets, real, personal, and mixed, tangible and intangible, and is a party
to all licenses, permits and other agreements necessary to permit it to carry on its business as presently conducted.

 

III.18 Labor Agreements
and Labor Relations. ZYQG has no collective bargaining or union contracts or agreements. ZYQG is in compliance with all applicable
laws respecting employment and employment practices, terms and conditions of employment and wages and hours, and is not engaged
in any unfair labor practices; there are no charges of discrimination or unfair labor practice charges” or complaints against
ZYQG pending or threatened before any governmental or regulatory agency or authority; and, there is no labor strike, dispute, slowdown
or stoppage actually pending or threatened against or affecting ZYQG.

 

III.19 Employment Arrangements.
ZYQG has no employment or consulting agreements or arrangements, written or oral, which are not terminable at the will of ZYQG,
or any pension, profit-sharing, option, other incentive plan, or any other type of employment benefit plan as defined in ERISA
or otherwise, or any obligation to or customary arrangement with employees for bonuses, incentive compensation, vacations, severance
pay, insurance or other benefits. No employee of ZYQG is in violation of any employment agreement or restrictive covenant.

 

ARTICLE IV

REPRESENTATIONS AND WARRANTIES OF THE
SHAREHOLDERS

 

The Shareholders represent and warrant
to ZYQG that the statements contained in this ARTICLE IV are correct and complete as of the date of this Agreement and, except
as provided in Section 8.1, will be correct and complete as of the Closing Date (as though made then and as though the Closing
Date were substituted for the date of this Agreement throughout this ARTICLE IV, except in the case of representations and warranties
stated to be made as of the date of this Agreement or as of another date and except for changes contemplated or permitted by the
Agreement).

 

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IV.1 Organization and Qualification.
The Shareholders have all requisite power and authority to own, lease and use ZYQC’s assets as they are currently owned,
leased and used and to conduct its business as it is currently conducted. The Shareholders are duly qualified or licensed to do
business in and are each in good standing in each jurisdiction in which the character of the properties owned, leased or used by
it or the nature of the activities conducted by it makes such qualification necessary, except any such jurisdiction where the failure
to be so qualified or licensed and in good standing would not have a Material Adverse Effect on the Shareholders or a Material
Adverse Effect on the validity, binding effect or enforceability of this Agreement or the Collateral Documents or the ability of
ZYQG or the Shareholder to perform their or its obligations under this Agreement or any of the Collateral Documents.

 

IV.2 Capitalization.

 

(a) The authorized capital stock
of ZYQC is 300,000,000. 300,000,000 of the issued and outstanding shares of ZYQC Common Stock are owned by the Shareholders. ZYQC
has 300,000,000 shares of common stock issued and outstanding and no shares of Preferred Stock authorized. All 300,000,000 shares
of Common Stock are duly issued and outstanding, and have been duly authorized, validly issued and outstanding and fully paid and
non-assessable, which shares are exchanged hereby, as above provided.

 

(b) There are no outstanding
or authorized options, warrants, purchase rights, preemptive rights or other contracts or commitments that could require ZYQC or
any of its Subsidiaries to issue, sell, or otherwise cause to become outstanding any of its capital stock or other ownership interests.

 

(c) All of the issued and outstanding
shares of the ZYQC capital stock have been duly authorized and are validly issued and outstanding, fully paid and non-assessable
(with respect to Subsidiaries that are corporations) and have been issued in compliance with applicable securities laws and other
applicable Legal Requirements.

 

IV.3 Authority and Validity.
The Shareholders have all requisite power to execute and deliver to perform his obligations under, and to consummate the transactions
contemplated by, this Agreement and the Collateral Documents. The execution and delivery by the Shareholder and the performance
by the Shareholders of their obligations under, and the consummation by the Shareholders of the transactions contemplated by, this
Agreement and the Collateral Documents have been duly authorized by all requisite action of the Shareholders. This Agreement has
been duly executed and delivered (assuming due execution and delivery by the Shareholders) is the legal, valid and binding obligation
of the Shareholders, enforceable in accordance with its terms except that such enforcement may be subject to (i) bankruptcy, insolvency,
reorganization, moratorium or other similar laws affecting or relating to enforcement of creditors’ rights generally and
(ii) general equitable principles. Upon the execution and delivery by the Shareholders of the Collateral Documents to which they
are a party, and assuming due execution and delivery thereof by the other parties thereto, the Collateral Documents will be the
legal, valid and binding obligations, enforceable in accordance with their respective terms except that such enforcement may be
subject to (i) bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting or relating to enforcement of
creditors’ rights generally and (ii) general equitable principles.

 

    12

     

    

 

 

IV.4 No Breach or Violation.
Subject to obtaining the consents, approvals, authorizations, and orders of and making the registrations or filings with or giving
notices to Regulatory Authorities and Persons identified herein, the execution, delivery and performance by the Shareholders of
this Agreement and the Collateral Documents to which they are a party and the consummation of the transactions contemplated hereby
and thereby in accordance with the terms and conditions hereof and thereof, do not and will not conflict with, constitute a violation
or breach of, constitute a default or give rise to any right of termination or acceleration of any right or obligation of the Shareholders
under, or result in the creation or imposition of any Encumbrance upon the property of the Shareholders by reason of the terms
of (i) the articles of incorporation, by laws or other charter or organizational document of ZYQC, (ii) any contract, agreement,
lease, indenture or other instrument to which any the Shareholders or ZYQC are a party or by or to which the Shareholders or ZYQC
or their property may be bound or subject and a violation of which would result in a Material Adverse Effect on the Shareholders
or ZYQC taken as a whole, (iii) any order, judgment, injunction, award or decree of any arbitrator or Regulatory Authority or any
statute, law, rule or regulation applicable to the Shareholders or ZYQC or (iv) any Permit of ZYQC or subsidiary, which in the
case of (ii), (iii) or (iv) above would have a Material Adverse Effect on ZYQC or a material adverse effect on the validity, binding
effect or enforceability of this Agreement or the Collateral Documents or the ability of the Shareholders or ZYQC to perform its
obligations hereunder or there under.

 

IV.5 Consents and Approvals.
Except for requirements under applicable United States or state securities laws, no consent, approval, authorization or order of,
registration or filing with, or notice to, any Regulatory Authority or any other Person is necessary to be obtained, made or given
by the Shareholders in connection with the execution, delivery and performance by them of this Agreement or any Collateral Documents
or for the consummation by them of the transactions contemplated hereby or thereby, except to the extent the failure to obtain
such consent, approval, authorization or order or to make such registration or filings or to give such notice would not have a
Material Adverse Effect on the Shareholders, in the aggregate, or a material adverse effect on the validity, binding effect or
enforceability of this Agreement or the Collateral Documents or the ability of the Shareholders to perform their obligations under
this Agreement or any of the Collateral Documents.

 

    13

     

    

 

 

IV.6 Compliance with Legal
Requirements. ZYQC’s business has operated in compliance with all material Legal Requirements including, without limitation,
the Securities Act applicable to ZYQC, except to the extent the failure to operate in compliance with all material Legal Requirements,
would not have a Material Adverse Effect on ZYQC or a Material Adverse Effect on the validity, binding effect or enforceability
of this Agreement or the Collateral Documents.

 

IV.7 Litigation. There
are no outstanding judgments or orders against or otherwise affecting or related to ZYQC, or the business or assets; and there
is no action, suit, complaint, proceeding or investigation, judicial, administrative or otherwise, that is pending or, to the best
knowledge of the Shareholders, threatened that, that has not been disclosed and if adversely determined, would have a material
adverse effect on the validity, binding effect or enforceability of this Agreement or the Collateral Documents.

 

IV.8 Ordinary Course.
Since the date of its most recent balance sheet, there has not been any occurrence, event, incident, action, failure to act or
transaction involving ZYQC, which is reasonably likely, individually or in the aggregate, to have a Material Adverse Effect on
ZYQC.

 

IV.9 Assets and Liabilities.
As of the date of this Agreement, neither ZYQC nor any of its Subsidiaries has any Assets or Liability, except for the (i) Liabilities
disclosed in the balance sheet disclosed to ZYQG through the date hereof and (ii) as described in Exhibit B, attached hereto.

 

IV.10 Taxes. ZYQC, and
any Subsidiaries, have duly and timely filed in proper form all Tax Returns for all Taxes required to be filed with the appropriate
Governmental Authority, except where such failure to file would not have a Material Adverse Effect on ZYQC.

 

IV.11 Books and Records.
The books and records of ZYQC and any Subsidiaries accurately and fairly represent the ZYQC Business and its results of operations
in all material respects. All accounts receivable and inventory of the ZYQC Business are reflected properly on such books and records
in all material respects.

 

IV.12 Financial and Other
Information.

 

(a) Financial statements of ZYQC
and any Subsidiaries will be prepared in accordance with GAAP applied on a consistent basis throughout the periods covered thereby
(except as may be indicated in the notes thereto), and present fairly the financial condition of ZYQC and its results of operations
as of the dates and for the periods indicated, subject in the case of the unaudited financial statements only to normal yearend
adjustments (none of which will be material in amount) and the omission of footnotes.

 

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(b) To the knowledge of current
management, ZYQC’s financials do not contain (directly or by incorporation by reference) any untrue statement of a material
fact or omit to state a material fact required to be stated therein or necessary to make the statements therein (or incorporated
therein by reference), in light of the circumstances under which they were or will be made, not misleading.

 

IV.13 Brokers or Finders.
All negotiations relative to this Agreement and the transactions contemplated hereby have been carried out by ZYQC and/or its Affiliates/Representatives
in connection with the transactions contemplated by this Agreement, neither ZYQC, nor any of its Affiliates/Representatives have
incurred any obligation to pay any brokerage or finder’s fee or other commission in connection with the transaction contemplated
by this Agreement.

 

IV.14 Disclosure. No
representation or warranty of the Shareholders in this Agreement or in the Collateral Documents and no statement in any certificate
furnished or to be furnished by the Shareholders pursuant to this Agreement contained, contains or will contain on the date such
agreement or certificate was or is delivered, or on the Closing Date, any untrue statement of a material fact, or omitted, omits
or will omit on such date to state any material fact necessary in order to make the statements made, in light of the circumstances
under which they were made, not misleading.

 

IV.15 Filings. Neither
ZYQC nor the Shareholders are subject to filings required by the Securities Act of 1933, as amended, and the Exchange Act of 1934,
as amended. ZYQC and the Shareholders will make filings required to be made under such statutes and no such filing will contain
any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, not misleading.

 

IV.16 Conduct of Business.
Prior to the Closing Date, ZYQC shall conduct its business in the normal course, and shall not sell, pledge, or assign any assets,
without the prior written approval of ZYQG, except in the regular course of business. Except as otherwise provided herein, ZYQC
shall not amend its Articles of Incorporation or By-Laws, declare dividends, redeem or sell stock or other securities, acquire
or dispose of fixed assets, change employment terms, enter into any material or long-term contract, guarantee obligations of any
third party, settle or discharge any material balance sheet receivable for less than its stated amount, pay more on any liability
than its stated amount or enter into any other transaction other than in the regular course of business.

 

    15

     

    

 

ARTICLE V

COVENANTS OF ZYQG

 

Between the date of this Agreement and
the Closing Date:

 

V.1 Additional Information. ZYQG
shall provide to the Shareholders and their Representatives such financial, operating and other documents, data and information
relating to ZYQG, ZYQG Business and ZYQG Assets and Liabilities, as the Shareholders or their Representatives may reasonably request.
In addition, ZYQG shall take all action necessary to enable the Shareholders and their Representatives to review, inspect and review
ZYQG Assets, ZYQG Business and Liabilities of ZYQG and discuss them with ZYQG’s officers, employees, independent accountants,
customers, licensees, and counsel. Notwithstanding any investigation that the Shareholders may conduct of ZYQG, ZYQG Business,
ZYQG Assets and the Liabilities of ZYQG, the Shareholders may fully rely on ZYQG’s warranties, covenants and indemnities
set forth in this Agreement.

 

V.2 Consents and Approvals. As soon
as practicable after execution of this Agreement, ZYQG shall use commercially reasonable efforts to obtain any necessary consent,
approval, authorization or order of, make any registration or filing with or give any notice to, any Regulatory Authority or Person
as is required to be obtained, made or given by ZYQG to consummate the transactions contemplated by this Agreement and the Collateral
Documents.

 

V.3 Non-circumvention. ZYQG will
not, and it will cause its directors, officers, employees, agents and representatives not to attempt, directly or indirectly, (i)
to contact any party introduced to it by any of the Shareholders, or (ii) deal with, or otherwise become involved in any transaction
with any party which has been introduced to it by any of the Shareholders, without the express written permission of the introducing
party and without having entered into a commission agreement with the introducing party. Any violation of the covenant shall be
deemed an attempt to circumvent such Shareholder, and the party so violating this covenant shall be liable for damages in favor
of the circumvented party.

 

V.4 No Solicitations. From and after
the date of this Agreement until the Effective Time or termination of this Agreement pursuant to ARTICLE X, ZYQG will not nor will
it authorize or permit any of its officers, directors, affiliates or employees or any investment banker, attorney or other advisor
or representative retained by it, directly or indirectly, (i) solicit or initiate the making, submission or announcement of any
other acquisition proposal, (ii) participate in any discussions or negotiations regarding, or furnish to any person any nonpublic
information with respect to any other acquisition proposal, (iii) engage in discussions with any Person with respect to any other
acquisition proposal, except as to the existence of these provisions, (iv) approve, endorse or recommend any other acquisition
proposal or (v) enter into any letter of intent or similar document or any contract agreement or commitment contemplating or otherwise
relating to any other acquisition proposal.

 

V.5 Notification of Adverse Change.
ZYQG shall promptly notify the Shareholders of any material adverse change in the condition (financial or otherwise) of ZYQG.

 

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V.6 Notification of Certain Matters.
ZYQG shall promptly notify the Shareholders of any fact, event, circumstance or action known to it that is reasonably likely to
cause ZYQG to be unable to perform any of their covenants contained herein or any condition precedent in ARTICLE VII not to be
satisfied, or that, if known on the date of this Agreement, would have been required to be disclosed to the Shareholders pursuant
to this Agreement or the existence or occurrence of which would cause any of ZYQG’s representations or warranties under this
Agreement not to be correct and/or complete. ZYQG shall give prompt written notice to the Shareholders of any adverse development
causing a breach of any of the representations and warranties in ARTICLE III as of the date made.

 

V.7 The Company Disclosure Schedule.
For purposes of determining the satisfaction of any of the conditions to the obligations of the Shareholders in ARTICLE VII, ZYQG
disclosures shall be deemed to include only (a) the information contained therein on the date of this Agreement and (b) information
provided by written supplements delivered prior to Closing by ZYQG that (i) are accepted in writing by a majority of the Shareholders,
or (ii) reflect actions taken or events occurring after the date hereof prior to Closing.

 

V.8 State Statutes. ZYQG and its
Board of Directors shall, if any state takeover statute or similar law is or becomes applicable to the Share Exchange, this Agreement
or any of the transactions contemplated by this Agreement, use all reasonable efforts to ensure that the Share Exchange and the
other transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this
Agreement and otherwise to minimize the effect of such statute or regulation on the Share Exchange, this Agreement and the transactions
contemplated hereby.

 

V.9 Conduct of Business. Prior to
the Closing Date, ZYQG shall conduct its business in the normal course, and shall not sell, pledge, or assign any assets, without
the prior written approval of a majority of the Shareholders, except in the regular course of business. Except as otherwise provided
herein, ZYQG shall not amend its Articles of Incorporation or Bylaws, declare dividends, redeem or sell stock or other securities,
acquire or dispose of fixed assets, change employment terms, enter into any material or long-term contract, guarantee obligations
of any third party, settle or discharge any material balance sheet receivable for less than its stated amount, pay more on any
liability than its stated amount, or enter into any other transaction other than in the regular course of business.

 

V.10 Securities Filings. Until closing,
ZYQG will timely file all reports and other documents relating to the operation of ZYQG required to be filed with the Securities
and Exchange Commission, which reports and other documents do not and will not contain any misstatement of a material fact, and
do not and will not omit any material fact necessary to make the statements therein not misleading.

 

V.11 Election to ZYQG’s Board
of Directors. At the Effective Time of the Share Exchange, ZYQG shall take all steps necessary so that there will be at least
one (1) continuing director.

 

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ARTICLE VI

COVENANTS OF THE SHAREHOLDERS

 

Between the date of this Agreement and
the Closing Date,

 

VI.1 Additional Information. The
Shareholders shall provide to ZYQG and its Representatives such financial, operating and other documents, data and information
relating to ZYQC, ZYQC’s business and the ZYQC Assets and the Liabilities of the ZYQC and its Subsidiaries, as ZYQG or its
Representatives may reasonably request. In addition, the Shareholder shall take all action necessary to enable ZYQG and its Representatives
to review and inspect the ZYQC Assets, the ZYQC Business and the Liabilities of ZYQC and discuss them with ZYQG’s officers,
employees, independent accountants and counsel. Notwithstanding any investigation that ZYQG may conduct of ZYQC, the ZYQC Business,
the ZYQC Assets and the Liabilities of the ZYQC, ZYQG may fully rely on the Shareholders’ warranties, covenants and indemnities
set forth in this Agreement.

 

VI.2 No Solicitations. From and
after the date of this Agreement until the Effective Time or termination of this Agreement pursuant to ARTICLE X, the Shareholders
will not nor will they authorize or permit any of ZYQC’ officers, directors, affiliates or employees or any investment banker,
attorney or other advisor or representative retained by it, directly or indirectly, (i) solicit or initiate the making, submission
or announcement of any other acquisition proposal, (ii) participate in any discussions or negotiations regarding, or furnish to
any person any non-public information with respect to any other acquisition proposal, (iii) engage in discussions with any Person
with respect to any other acquisition proposal, except as to the existence of these provisions, (iv) approve, endorse or recommend
any other acquisition proposal or (v) enter into any letter of intent or similar document or any contract agreement or commitment
contemplating or otherwise relating to any other acquisition proposal.

 

VI.3 Notification of Adverse Change.
The Shareholders shall promptly notify ZYQG of any material adverse change in the condition (financial or otherwise) of ZYQC.

 

VI.4 Consents and Approvals. As
soon as practicable after execution of this Agreement, the Shareholders shall use his commercially reasonable efforts to obtain
any necessary consent, approval, authorization or order of, make any registration or filing with or give notice to, any Regulatory
Authority or Person as is required to be obtained, made or given by the Shareholders to consummate the transactions contemplated
by this Agreement and the Collateral Documents.

 

VI.5 Notification of Certain Matters.
The Shareholders shall promptly notify ZYQG of any fact, event, circumstance or action known to it that is reasonably likely to
cause ZYQC to be unable to perform any of its covenants contained herein or any condition precedent if not to be satisfied, or
that, if known on the date of this Agreement, would have been required to be disclosed to ZYQG pursuant to this Agreement or the
existence or occurrence of which would cause the Shareholder’s representations or warranties under this Agreement not to
be correct and/or complete. The Shareholder shall give prompt written notice to ZYQG of any adverse development causing a breach
of any of the representations and warranties in ARTICLE IV.

 

VI.6 ZYQC Information. The Shareholders
shall, from time to time prior to Closing, supplement the ZYQC disclosure with additional information that, if existing or known
to it on the date of this Agreement, would have been required to be included therein.

 

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ARTICLE VII

CONDITIONS PRECEDENT TO OBLIGATIONS
OF THE PARTIES

 

All obligations of the Parties under this
Agreement shall be subject to the fulfillment at or prior to Closing of each of the following conditions, it being understood that
the Parties may, in their sole discretion, to the extent permitted by applicable Legal Requirements, waive any or all of such conditions
in whole or in part.

 

VII.1 Accuracy of Representations.
All representations and warranties of ZYQG contained in this Agreement, the Collateral Documents and any certificate delivered
by any of ZYQG at or prior to Closing shall be, if specifically qualified by materiality, true in all respects and, if not so qualified,
shall be true in all material respects, in each case on and as of the Closing Date with the same effect as if made on and as of
the Closing Date, except for representations and warranties expressly stated to be made as of the date of this Agreement or as
of another date other than the Closing Date and except for changes contemplated or permitted by this Agreement.

 

VII.2 Covenants. ZYQG shall, in
all material respects, have performed and complied with each of the covenants, obligations and agreements contained in this Agreement
and the Collateral Documents that are to be performed or complied with by them at or prior to Closing.

 

VII.3 Consents and Approvals. All
consents, approvals, permits, authorizations and orders required to be obtained from, and all registrations, filings and notices
required to be made with or given to, any Regulatory Authority or Person as provided herein.

 

VII.4 Delivery of Documents. ZYQG
shall have delivered, or caused to be delivered, to the Shareholder the following documents:

 

(i) Copies of ZYQG articles of incorporation
and bylaws and resolutions of the board of directors of ZYQG authorizing the execution of this Agreement and the Collateral Documents
to which it is a party and the consummation of the transactions contemplated hereby and thereby.

 

(ii) Such other documents and instruments
as the Shareholders may reasonably request: (A) to evidence the accuracy of ZYQG’s representations and warranties under this
Agreement, the Collateral Documents and any documents, instruments or certificates required to be delivered hereunder; (B) to evidence
the performance by ZYQG of, or the compliance by ZYQG with, any covenant, obligation, condition and agreement to be performed or
complied with by ZYQG under this Agreement and the Collateral Documents; or (C) to otherwise facilitate the consummation or performance
of any of the transactions contemplated by this Agreement and the Collateral Documents.

 

    19

     

    

 

VII.5 No Material Adverse Change.
Since the date hereof, there shall have been no material adverse change in ZYQG Assets, ZYQG Business or the financial condition
or operations of ZYQG, taken as a whole.

 

ARTICLE VIII

CONDITIONS PRECEDENT TO OBLIGATIONS
OF THE SHAREHOLDERS AND ZYQG

 

All obligations of the Shareholders under
this Agreement shall be subject to the fulfillment at or prior to Closing of the following conditions, it being understood that
ZYQG may, in its sole discretion, to the extent permitted by applicable Legal Requirements, waive any or all of such conditions
in whole or in part.

 

VIII.1 Accuracy of Representations.
All representations and warranties of the Shareholders contained in this Agreement and the Collateral Documents and any other document,
instrument or certificate delivered by the Shareholders at or prior to the Closing shall be, if specifically qualified by materiality,
true and correct in all respects and, if not so qualified, shall be true and correct in all material respects, in each case on
and as of the Closing Date with the same effect as if made on and as of the Closing Date, except for representations and warranties
expressly stated to be made as of the date of this Agreement or as of another date other than the Closing Date and except for changes
contemplated or permitted by this Agreement.

 

VIII.2 Covenants. The Shareholder
shall, in all material respects, have performed and complied with each obligation, agreement, covenant and condition contained
in this Agreement and the Collateral Documents and required by this Agreement and the Collateral Documents to be performed or complied
with by the Shareholders at or prior to Closing.

 

VIII.3 Consents and Approvals. All
consents, approvals, authorizations and orders required to be obtained from, and all registrations, filings and notices required
to be made with or given to, any Regulatory Authority or Person as provided herein.

 

VIII.4 Delivery of Documents. The
Shareholders shall have executed and delivered, or caused to be executed and delivered, to ZYQG the following documents:

 

Documents and instruments as ZYQG may reasonably
request: (A) to evidence the accuracy of the representations and warranties of the Shareholders under this Agreement and the Collateral
Documents and any documents, instruments or certificates required to be delivered hereunder; (B) to evidence the performance by
the Shareholders of, or the compliance by the Shareholders with, any covenant, obligation, condition and agreement to be performed
or complied with by the Shareholders under this Agreement and the Collateral Documents; or (C) to otherwise facilitate the consummation
or performance of any of the transactions contemplated by this Agreement and the Collateral Documents.

 

VIII.5 No Material Adverse Change.
There shall have been no material adverse change in the business, financial condition or operations of ZYQC and its Subsidiaries
taken as a whole.

 

    20

     

    

 

VIII.6 No Litigation. No action,
suit or proceeding shall be pending or threatened by or before any Regulatory Authority and no Legal Requirement shall have been
enacted, promulgated or issued or deemed applicable to any of the transactions contemplated by this Agreement and the Collateral
Documents that would: (i) prevent consummation of any of the transactions contemplated by this Agreement and the Collateral Documents;
(ii) cause any of the transactions contemplated by this Agreement and the Collateral Documents to be rescinded following consummation;
or (iii) have a Material Adverse Effect on ZYQC.

 

ARTICLE IX

INDEMNIFICATION

 

IX.1 Indemnification by ZYQG. ZYQG
shall indemnify, defend and hold harmless the Shareholders, and any of the Shareholders’ assigns and successors in interest
to ZYQG Shares, from and against any and all Losses which may be incurred or suffered by any such party and which may arise out
of or result from any breach of any material representation, warranty, covenant or agreement of ZYQG contained in this Agreement.
All claims to be assorted hereunder must be made for the first anniversary of the Closing.

 

IX.2 Indemnification by the Shareholder.
The Shareholders shall indemnify, defend and hold harmless ZYQG from and against any and all Losses which may be incurred or suffered
by any such party hereto and which may arise out of or result from any breach of any material representation, warranty, covenant
or agreement of the Shareholder contained in this Agreement. All claims to be assorted hereunder must be made for the first anniversary
of the Closing.

 

IX.3 Notice to Indemnifying Party.
If any party (the “Indemnified Party”) receives notice of any claim or other commencement of any action or proceeding
with respect to which any other party (or parties) (the “Indemnifying Party”) is obligated to provide indemnification
pursuant to Sections 9.1 or 9.2, the Indemnified Party shall promptly give the Indemnifying Party written notice thereof, which
notice shall specify in reasonable detail, if known, the amount or an estimate of the amount of the liability arising here from
and the basis of the claim. Such notice shall be a condition precedent to any liability of the Indemnifying Party for indemnification
hereunder, but the failure of the Indemnified Party to give prompt notice of a claim shall not adversely affect the Indemnified
Party’s right to indemnification hereunder unless the defense of that claim is materially prejudiced by such failure. The
Indemnified Party shall not settle or compromise any claim by a third party for which it is entitled to indemnification hereunder
without the prior written consent of the Indemnifying Party (which shall not be unreasonably withheld or delayed) unless suit shall
have been instituted against it and the Indemnifying Party shall not have taken control of such suit after notification thereof
as provided in Section 9.4.

 

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IX.4 Defense by Indemnifying Party.
In connection with any claim giving rise to indemnity hereunder resulting from or arising out of any claim or legal proceeding
by a Person who is not a party to this Agreement, the Indemnifying Party at its sole cost and expense may, upon written notice
to the Indemnified Party, assume the defense of any such claim or legal proceeding (i) if it acknowledges to the Indemnified Party
in writing its obligations to indemnify the Indemnified Party with respect to all elements of such claim (subject to any limitations
on such liability contained in this Agreement) and (ii) if it provides assurances, reasonably satisfactory to the Indemnified Party,
that it will be financially able to satisfy such claims in full if the same are decided adversely. If the Indemnifying Party assumes
the defense of any such claim or legal proceeding, it may use counsel of its choice to prosecute such defense, subject to the approval
of such counsel by the Indemnified Party, which approval shall not be unreasonably withheld or delayed. The Indemnified Party shall
be entitled to participate in (but not control) the defense of any such action, with its counsel and at its own expense; provided,
however, that if the Indemnified Party, in its sole discretion, determines that there exists a conflict of interest between the
Indemnifying Party (or any constituent party thereof) and the Indemnified Party, the Indemnified Party (or any constituent party
thereof) shall have the right to engage separate counsel, the reasonable costs and expenses of which shall be paid by the Indemnified
Party. If the Indemnifying Party assumes the defense of any such claim or legal proceeding, the Indemnifying Party shall take all
steps necessary to pursue the resolution thereof in a prompt and diligent manner. The Indemnifying Party shall be entitled to consent
to a settlement of, or the stipulation of any judgment arising from, any such claim or legal proceeding, with the consent of the
Indemnified Party, which consent shall not be unreasonably withheld or delayed; provided, however, that no such consent shall be
required from the Indemnified Party if (i) the Indemnifying Party pays or causes to be paid all Losses arising out of such settlement
or judgment concurrently with the effectiveness thereof (as well as all other Losses theretofore incurred by the Indemnified Party
which then remain unpaid or unreimbursed), (ii) in the case of a settlement, the settlement is conditioned upon a complete release
by the claimant of the Indemnified Party and (iii) such settlement or judgment does not require the encumbrance of any asset of
the Indemnified Party or impose any restriction upon its conduct of business.

 

ARTICLE X

TERMINATION

 

X.1 Termination. This Agreement
may be terminated, and the transactions contemplated hereby may be abandoned, at any time prior to it being fully executed, or
thereafter:

 

(a) by mutual written agreement
of a majority of the Shareholders and ZYQG hereto duly authorized by action taken by or on behalf of the respective Boards of Directors;
or

 

(b) by either ZYQG or a majority
of the Shareholders upon notification to the non-terminating party by the terminating party:

 

(i) if the terminating party is
not in material breach of its obligations under this Agreement and there has been a material breach of any representation, warranty,
covenant or agreement on the part of the non-terminating party set forth in this Agreement such that the conditions will not be
satisfied; provided, however, that if such breach is curable by the non-terminating party and such cure is reasonably likely to
be completed prior to the date specified in Section 10.1(b)(i), then, for so long as the non-terminating party continues to use
commercially reasonable efforts to effect and cure, the terminating party may not terminate pursuant to this Section 10.1(b)(i);
or

 

    22

     

    

 

(ii) if any court of competent
jurisdiction or other competent Governmental or Regulatory Authority shall have issued an order making illegal or otherwise permanently
restricting, preventing or otherwise prohibiting the Share Exchange and such order shall have become final.

 

(c) Effect of Termination.
If this Agreement is validly terminated by either ZYQG or the Shareholder pursuant to Section 10.1, this Agreement will forthwith
become null and void and there will be no liability or obligation on the part of the parties hereto, except that nothing contained
herein shall relieve any party hereto from liability for willful breach of its representations, warranties, covenants or agreements
contained in this Agreement.

 

ARTICLE XI

MISCELLANEOUS

 

XI.1 Parties Obligated and Benefited.
This Agreement shall be binding upon the Parties and their respective successors by operation of law and shall inure solely to
the benefit of the Parties and their respective successors by operation of law, and no other Person shall be entitled to any of
the benefits conferred by this Agreement. Without the prior written consent of the other Party, no Party may assign this Agreement
or the Collateral Documents or any of its rights or interests or delegate any of its duties under this Agreement or the Collateral
Documents.

 

XI.2 Publicity. The initial press
release, if any, shall be a joint press release and thereafter ZYQG and the Shareholders each shall consult with each other prior
to issuing any press releases or otherwise making public announcements with respect to the Share Exchange and the other transactions
contemplated by this Agreement and prior to making any filings with any third party and/or any Regulatory Authorities (including
any national securities inter dealer quotation service) with respect thereto, except as may be required by law or by obligations
pursuant to any listing agreement with or rules of any national securities inter dealer quotation service.

 

XI.3 Notices. Any notices and other
communications required or permitted hereunder shall be in writing and shall be effective upon delivery by hand or upon receipt
if sent by certified or registered mail (postage prepaid and return receipt requested) or by a nationally recognized overnight
courier service (appropriately marked for overnight delivery) or upon transmission if sent by telex or facsimile (with request
for immediate confirmation of receipt in a manner customary for communications of such respective type and with physical delivery
of the communication being made by one or the other means specified in this Section as promptly as practicable thereafter). Notices
shall be addressed as follows:

 

	 	
        If to the Shareholders:

         
	
        Zhou Aiping, as representative of the Shareholders,
        as majority shareholder

        c/o ZYQC International Holding Group Limited

        Floor 4, Block C, Huabaoyihao Building,
Futian Free Trade Zone, Futian District, Shenzhen, China

	 	 	 
	 	If to ZYQG: 	
        Jun Chen

        c/o ZYQC Group Holding Limited

        Floor 9, Block B,Zhongminshidai Square
        Sungang RD, Luohu District, Shenzhen, China

	 	 	 
	 	If to Chen: 	
        Jun Chen

        c/o ZYQC Group Holding Limited

        Floor 9, Block B,Zhongminshidai Square
        Sungang RD, Luohu District, Shenzhen, China

 

    23

     

    

 

XI.4 Address. Any Party may change
the address to which notices are required to be sent by giving notice of such change in the manner provided in this Section.

 

XI.5 Attorneys’ Fees. In the
event of any action or suit based upon or arising out of any alleged breach by any Party of any representation, warranty, covenant
or agreement contained in this Agreement or the Collateral Documents, the prevailing Party shall be entitled to recover reasonable
attorneys’ fees and other costs of such action or suit from the other Party.

 

XI.6 Headings. The Article and Section
headings of this Agreement are for convenience only and shall not constitute a part of this Agreement or in any way affect the
meaning or interpretation thereof.

 

XI.7 Choice of Law. This Agreement
and the rights of the Parties under it shall be governed by and construed in all respects in accordance with the laws of the State
of Nevada, without giving effect to any choice of law provision or rule.

 

XI.8 Rights Cumulative. All rights
and remedies of each of the Parties under this Agreement shall be cumulative, and the exercise of one or more rights or remedies
shall not preclude the exercise of any other right or remedy available under this Agreement or applicable law.

 

XI.9 Further Actions. The Parties
shall execute and deliver to each other, from time to time at or after Closing, for no additional consideration and at no additional
cost to the requesting party, such further assignments, certificates, instruments, records, or other documents, assurances or things
as may be reasonably necessary to give full effect to this Agreement and to allow each party fully to enjoy and exercise the rights
accorded and acquired by it under this Agreement.

 

XI.10 Time of the Essence. Time
is of the essence under this Agreement. If the last day permitted for the giving of any notice or the performance of any act required
or permitted under this Agreement falls on a day which is not a Business Day, the time for the giving of such notice or the performance
of such act shall be extended to the next succeeding Business Day.

 

    24

     

    

 

XI.11 Counterparts. This Agreement
may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute
one and the same instrument.

 

XI.12 Entire Agreement. This Agreement
(including the Exhibits, disclosures made as to ZYQG, the ZYQC executive summary and any other documents, instruments and certificates
referred to herein, which are incorporated in and constitute a part of this Agreement) contains the entire agreement of the Parties.

 

XI.13 Survival of Representations and
Covenants. Notwithstanding any right of the Shareholder to fully investigate the affairs of ZYQG and notwithstanding any knowledge
of facts determined or determinable by the Shareholder pursuant to such investigation or right of investigation, the Shareholder
shall have the right to rely fully upon the representations, warranties, covenants and agreements of ZYQG contained in this Agreement.
Each representation, warranty, covenant and agreement of ZYQG contained herein shall survive the execution and delivery of this
Agreement and the Closing and shall thereafter terminate and expire on the first anniversary of the Closing Date unless, prior
to such date, the Shareholder has delivered to ZYQG a written notice of a claim with respect to such representation, warranty,
covenant or agreement.

 

    25

     

    

 

IN WITNESS WHEREOF, the Parties hereto
have duly executed this Agreement as of the day and year first above written.

 

Dated: October 8, 2019

 

ZYQC GROUP HOLDING LIMITED

 

	By:	/s/ Jun Chen 	 
	Name:	Jun Chen	 
	Title:	Chief Executive Officer	 

 

JUN CHEN

 

/s/ Jun Chen

 

 

ZYQC INTERNATIONAL HOLDING GROUP LIMITED

 

	By: 	/s/ Zhou Aiping	 
	Name: 	Zhou Aiping	 
	Title:	Executive Director	 

 

SHAREHOLDERS

 

Zhong yuan Car Club Service Limited

 

	By:	/s/ Yang Guangyan	 
	Name:	Yang Guangyan	 
	Its:	President	 

 

Zhong yuan Automobile Intelligent Service
Limited

 

	By:	/s/ Liu Shuai	 
	Name:	Liu Shuai	 
	Its:	President	 

 

/s/ Wei Jingge

 

Wei Jingge

 

/s/ Zhou Aiping

 

Zhou Aiping

 

/s/ Sun Zhenguo

 

Sun Zhenguo

 

/s Liu Yaxuan

 

Liu Yaxuan

 

/s/ Chou Chunlan

 

Chou Chunlan

 

/s/ Huang Yuanmei

 

Huang Yuanmei

 

/s/ Zhou Minghui

 

Zhou Minghui

 

/s/ Yang Caiyan

 

Yang Caiyan

 

/s/ Fu Qiaoyue

 

Fu Qiaoyue

 

    26

     

    

 

EXHIBIT A

 

 

	Shareholder English Name	 	English Name	 	Passport Number	 	 	Stock amount (300 million)	 	 	Street Address	 	City State, Zip
	Zhong yuan Car Club Service Limited	 	Yang Guangyan	 	 	E76194240	 	 	 	36,690,000	 	 	901, unit D, building 16, zhongcheng kangqiao garden, nanwan street, longgang district,	 	Shenzhen,
    Guangdong, China, 5181720
	Zhong yuan Automobile Intelligent Service Limited	 	Liu Shuai	 	 	E65426968	 	 	 	33,990,000	 	 	 Qianxiaojiatun, baoshan village, shanhe street, shuangyang district,	 	Changchun, China,
    130600
	Wei Jingge	 	Wei Jingge	 	 	E65119929	 	 	 	39,000,000	 	 	Room 302, block B, haitang garden, bantian shiji huacheng, wuhe south road, longgang district,	 	Shenzhen, Guangdong, China,
    518172
	Zhou Aiping	 	Zhou Aiping	 	 	G45026937	 	 	 	24,000,000	 	 	 No.1, 7th floor, no.35 qingyunfeng road, linchuan district,	 	Fuzhou, Jiangxi, China, 344100
	Sun Zhenguo	 	Sun Zhenguo	 	 	EF1790233	 	 	 	24,000,000	 	 	 Room 2207, unit A, busha road keyuan (phase 6), longgang district, 	 	Shenzhen, Guangdong, China,
    518112
	Liu Yaxuan	 	Liu Yaxuan	 	 	E18055034	 	 	 	63,330,000	 	 	Cui jia miao village, huangjin village, shuangyingzi hui village, shuangyang district,	 	Changchun, China,
    130600
	Chou Chunlan	 	Chou Chunlan	 	 	300587287	 	 	 	9,330,000	 	 	 No. 12, lane 585, east jia road, 12 zhongshan mountain, dajia district,	 	Taichung, Taiwan, 437
	Huang Yuanmei	 	Huang Yuanmei	 	 	EF5733360	 	 	 	15,000,000	 	 	 No.9, luobangang south district, new street, xiaogang town, dongxiang county,	 	Fuzhou, Jiangxi, China,
    335300
	Zhou Minghui	 	Zhou Minghui	 	 	EF5729195	 	 	 	15,300,000	 	 	 No. 1994, nongmao market, market street, xiaogang town, dongxiang county,	 	Fuzhou, Jiangxi, China,
    335300
	Yang Caiyan	 	Yang Caiyan	 	 	E76197738	 	 	 	21,300,000	 	 	 Pingping village, panxin town, songtao miao autonomous county,	 	Guizhou, China, 554102
	Fu Qiaoyue	 	Fu Qiaoyue	 	 	E19396938	 	 	 	18,060,000	 	 	 209 nanliuzhuang village, zhangerzhuang township, wei county,	 	Handan, Hebei, China, 056803

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