Document:

Exhibit 10.1

 

Lease Contract (Senmiao Zecheng)

 

Landlord (Party A):

 

	Yang Xiaodong	ID Card No.: 513125196312150423
	 	 
	Li Pin	ID Card No.: 510103196306020023
	 	 
	Li Hong	ID Card No.: 510103195907220034

 

Tenant (Party B): Sichuan Senmiao Zecheng
Business Consulting Co., Ltd.

 

Legal Representative: Hu Xiang

 

This Lease Contract
(hereinafter referred to as the “Contract”) is made by and between the Parties on the principle of equality, free will
and consensus in accordance with the provisions of the Labor Contract Law of the People’s Republic of China, the Law
of the People's Republic of China on Urban Real Estate Administration and other relevant laws and regulations with respect
to the lease of the Premises below.

 

Article I Premises

 

Party A intends to lease the Premises
(hereinafter referred to as the “Premises”) located at Room 1602, 1603, 1605, 16th Floor, Block A, Shihao Square,
No. 1098, Middle Jiannan Avenue, Chengdu High-tech Industrial Development Zone, Chengdu, Sichuan, PRC to Party B, with a
total area of about 504.87 square meters. If the actual area of the Premises leased by Party A to Party B under this
Contract is larger or smaller than the area provided herein, the rent will remain unchanged and no adjustment to rent will be
made. (The floor plan of the Premises leased to Party B is attached herein as an annex to this Contract, and Annex 2 is Party
A’s Purchase Contract of the Premises).

 

Article II Use of Premises

 

The Premises leased
by Party A to Party B is for office use by Party B. Unless otherwise agreed by the Parties, Party B shall not change the use of
the Premises.

 

Article III Lease Term 

 

The lease term is three
years, from April 1, 2018 to March 31, 2021. The Parties shall determine in writing whether to renew the Contract
two months prior to the expiration of the lease term.

 

Article IV Rent and Payment Method

 

1. The rent per square meter is RMB 66.00
yuan, and the monthly rent in total is RMB 33,321.42 yuan.

 

     

     

    

 

2. Party B shall pay the rent on a quarterly
basis.

 

3. Party B shall pay Party A the rent 30
days (if the deadline falls on a legal holiday, such deadline shall be postponed accordingly) prior to the commencement date of
the lease term.

 

Party A shall provide Party B with a valid
invoice within two weeks after the confirmation of the receipt of the rent.

 

Party B’s information for the issuance
of invoices is as follows:

 

Invoice Type: General VAT Invoice

 

Company Name: Sichuan Senmiao Zecheng Business
Consulting Co., Ltd.

 

Taxpayer’s Registration Number: 91510100MA6DF5NL3B

 

Address & Tel.: Room 1602, 16th Floor,
Block 1, No. 1098, Middle Jiannan Avenue, Chengdu Hi-tech Industrial Development Zone, Chengdu, Sichuan, PRC.

 

028-61554399

 

Bank Name & Account Number: Industrial
and Commercial Bank of China Chengdu Hi-tech Industrial Development Zone Sub-branch

 

4402239009000094821

 

The bank account information of Party A
for collecting rent is as follows:

 

	Account Name	Li Hong
	 	 
	Bank Name	Industrial and Commercial Bank of China Chengdu Hi-tech Industrial Development Zone Sub-branch Operation Office
	 	 
	Account Number	16222084402008998723

 

4. If Party B fails to pay the rent on
schedule as stipulated in the Contract, Party B shall pay late payment fee by 0.3% of the annual rent per day. If Party B fails
to pay the due and unpaid rent within 15 days from the receipt of the written collection letter from Party A, Party A is entitled
to terminate the Contract.

 

Article V Date of Delivery of Premises
and Performance Bond

 

1. Party A shall deliver the Premises to
Party B by April 1, 2018.

 

Article VI Party A’s Undertaking
about the Property Rights 

 

Party A undertakes that
there is no property right or litigation disputes on the Premises to be leased. Otherwise, Party A shall bear the full responsibility;
and Party A shall be liable for any economic loss caused to Party B thereby.

 

     

     

    

 

Article VII Responsibility of Repair
and Maintenance 

 

1. During the lease term, Party A shall
inspect and repair the Premises and its attached facilities in due time and Party B shall actively assist in such inspection and
repair.

 

2. The normal overhaul costs of the Premises
shall be borne by Party A. In the event of any damage to the glass curtain wall, building structure or central air-conditioning
system of the Premises due to improper management and use of the Premises by Party B, or any loss, claim or lawsuit and other related
losses arising from the unauthorized installation of electrical equipment, improper use and improper maintenance of pipelines and
circuits by Party B, or pollution caused by decoration of Party B, Party B shall be liable for compensating for such damage and
losses.

 

Article VIII Covenants on Decoration
and Change in the Structure of the Premises

 

Party B shall not arbitrarily
damage the facilities of the Premises. If it is necessary to change the internal structure and decoration of the Premises and to
install any equipment that will affect the structure of the Premises, Party B shall obtain the prior written consent of Party A,
and the expenses incurred thereby shall be borne by Party B.

 

Article IX Covenants on Relevant Expenses
during the Lease Term

 

During the lease term
of the Premises, the expenses such as utilities, telephone charges, property management fees, and Internet access fees of the leased
Premises shall be borne by Party B.

 

Article X Expiration of the Lease Term

 

Upon the expiration
of the lease term, the Contract shall be terminated. If all the facilities, equipment and office furniture in the office space
rented by Party B are intact, and all expenses incurred by Party B during the lease term (including, but not limited to, property
management fees, utilities, Internet access fees, etc.) has been paid in full then, Party B shall return the Premises to Party
A, and Party A shall return the performance bond paid by Party B without interest.

 

If Party B requests
to continue the lease, Party B shall submit a written request to Party A two months prior to the expiration of the lease term.
Party A shall reply to Party B in writing within two months prior to the expiration of the Contract. If Party A agrees to continue
the lease, the Lease Contract shall be renewed.

 

Article XI Covenants on Termination
of Contract Due to Party B’s Liability

 

In the event of any
one of the following cases of Party B, Party A may terminate the Contract and recover the Premises, and Party B shall be liable
for the compensation for the losses caused to Party A (if any):

 

     

     

    

 

1. Party B sublets the Premises, or transfers
or lends the Premises to others without authorization;

 

2. Party B demolishes and alters the structure
of the Premises or changes the use of the Premises without authorization;

 

3. Party B uses the Premises for illegal
activities;

 

4. Party B deliberately damages the Premises.

 

Article XII Early Termination of the
Contract

 

1. During the lease term, if either party
proposes to terminate the Contract, such party shall notify the other party in writing two months in advance.

 

2. If Party A must terminate the Contract
due to demolition and relocation by government or force majeure or the occurrence of the events as stipulated in Article XII of
this Contract, Party A shall notify Party B in writing two months in advance.

 

Article XIII Liabilities for Breach
of Contract

 

During the lease term,
the Parties must abide by the Contract. If either party is in violation of any provision of this Contract, such party must bear
the liability for breach of contract and compensate for the economic losses of the other party.

 

Article XIV Special Provisions

 

1. The Premises leased by Party A to Party
B under this Contract is a part of a whole floor, which is a complete system in the design. Party A leases part of it to Party
B for independent use. Party A may separate the leased space on the premise of meeting the requirements of fire protection and
shall set emergency exits for such space.

 

2. The utilities and the property management
fee shall be paid by Party B according to the actual use directly to the property management company. As for the network cable,
telephone line, etc., Party B shall apply for the installation of such lines in the leased space, and ports shall be installed
separately and used independently, and the fees for network and telephone shall be paid by Party B independently.

 

3. The location plans of the Premises rented
by Party B and the used space are attached to the Contract as an annex.

 

4. The office furniture in the Premises
rented by Party B shall be owned by Party A. Party A shall record such furniture in a book, which shall be signed by Parties for
confirmation. Party B shall protect Party A’s furniture and, in case of any damage, compensation according to the original
price shall be made by Party B.

 

5. Upon the execution of this Contract,
Party B shall pay Party A the performance bond. If the lease term expires and Party B has not breached the Contract, Party A shall
return Party B the performance bond in full. In the event of any breach of contract by Party B (including unilateral early termination
of the Contract), Party A shall not return the performance bond to Party B. During the lease term, if Party A unilaterally requires
the early termination of the Contract, Party A shall return the performance bond to Party B in full without interest.

 

Article XV Miscellaneous

 

1. At the time of the execution of this
Contract, The Parties clearly understand their respective rights, obligations and responsibilities, and agree to strictly comply
with the Contract. Matters not covered in this Contract shall be separately agreed upon by the Parties, and a supplementary agreement
shall be made with respect to such matters. In case the supplementary agreement is inconsistent with this Contract, the supplementary
agreement shall prevail.

 

2. The Annexes to this Contract are an
integral part of this Contract. Matters not covered in this Contract and its annexes and supplemental agreement shall be governed
by the relevant laws and regulations of the People’s Republic of China.

 

3. Any dispute arising from the performance
of this Contract shall be settled through negotiation by the Parties. If negotiation fails, such dispute may be submitted to the
local people’s court of the Premises.

 

4. This Contract is made in quadruplicate,
with each party holding two copies, which have the same legal effect. This Contract becomes effective upon the signing and sealing
by the Parties.

 

     

     

    

 

	Party A (Seal and Signature): 	 	Party B (Seal and Signature):
	 	 	 
	/s/ Li Hong	 	Sichuan Senmiao Zecheng Business Consulting Co., Ltd.
	Li Hong	 	[Company Seal Affixed here]
	 	 	Legal Representative:
	/s/ Li Pin	 	Date: April 1, 2018
	Li Pin	 	 
	 	 	 
	/s/ Yang Xiaodong	 	 
	Yang Xiaodong	 	 
	 	 	 
	Date: April 1, 2018Exhibit 10.2

 

Contract Termination Agreement

 

Party A (Yang Xiaodong
and Li Pin) and Party B (Sichuan Senmiao Zecheng Business Consulting Co., Ltd., Legal Representative: Hu Xiang) entered into a
lease on July 10, 2017. Due to change of office planning, upon negotiation and mutual consents of the parties, the lease is hereby
terminated, effective March 31, 2018. The parties releases each other from any obligations arising out of the lease and any claims
that one party might have against the other.

 

This agreement becomes
effective after it is signed and/or affixed with respective company seals by both parties. This agreement is executed in two counterparts,
one for each party hereto, and both counterparts shall have the same legal effect.

 

	Party A (seal):	 	Party B (seal):
	 	 	 
	/s/ Yang Xiaodong	 	Sichuan Senmiao Zecheng Business Consulting Co., Ltd.
	Yang Xiaodong	 	[Company Seal Affixed Here]
	 	 	 
	/s/ Li Pin	 	 
	Li Pin	 	 
	 	 	 
	March 31, 2018	 	March 31, 2018

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