Document:

Exhibit 10.11

 

Equity Transfer
Agreement

 

Transferor (Party A): Qianhai Asia Times
(Shenzhen) International Financial Services Co., Ltd.

 

Legal Representative: CHEN Qiang

 

Transferee (Party B): CAI Zhuorong (identity
card number: 440527197610153778)

 

Address: Room 510, Building 7, Guangda
Industrial Town, North Liusha Street, Puning, Guangdong, China

 

The subject matter of this transfer: 20%
of the shares held by Party A of Qianhai Asia Times (Shenzhen) International Fund Management Co., Ltd.

 

In accordance with the relevant laws and
regulations and through friendly negotiation, Party A and Party B have reached an agreement on the transfer of 20% held by Party
A of the shares of Qianhai Asia Times (Shenzhen) International Fund Management Co., Ltd. (hereinafter referred to as "target
company") to Party B. On this basis, both parties sign this agreement and execute it strictly.

 

1. The condition of the subject matter

 

1) The registered capital of
the target company is 50 million RMB.

 

2) The subject matter of this
transfer is 20% of shares held by Party A of the target company.

 

2. The equity structure of the target company
after this transfer is:

 

Name of Shareholder 1: ZHOU Yanru

 

Subscribed Capital: 22,500,000 RMB

 

Equity Portion: 45%

 

     

     

    

 

Name of Shareholder 2: LAI Zehong

 

Subscribed Capital: 17,500,000 RMB

 

Equity Portion: 35%

 

Name of Shareholder 3: CAI Zhuorong

 

Subscribed Capital: 10,000,000 RMB

 

Equity Portion: 20%

 

3. Representation and Warranties by both
parties

 

1) Representation and Warranties
by Party A

 

a) Party A is a corporation
legal person established and surviving legally with an independent civil capacity.

 

b) Party A is the shareholder
of the target company, legally holding 20% of the company's equity, and agrees to transfer the equity it holds to Party B;

 

c) Party A undertakes that the
shares it holds and shall transfer to Party B are not guaranteed, pledged or any other third party’s interests to any other
third party, without any restrictions form the judiciary.

 

d) Party A undertakes that the
transfer of shares to Party B has been approved by its authorized decision-making body.

 

e) Party A undertakes to actively
assist Party B in handling the relevant procedures for transfer of the shares. Party A shall not dispose of any asset of the target
company and shall not provide guarantees or mortgages in the name of the target company before the relevant procedures are completed.

 

f) Party A confirms that before
the signing of this agreement, the condition of the legal personality, legal operation and legal existence of the target company
as well as the status of ownership of assets, debt and liabilities, taxation, litigation and arbitration, and other disputes, incidents
or factors that may adversely affect the company, provided by the target company and itself to Party B are true, accurate and complete,
without any false. And Party A is willing to bear any legal liability caused by improper disclosure of the target company and its
own.

 

     

     

    

 

2) Representation and Warranties
by Party B

 

a) Party B is a corporation legal
person established and surviving legally with an independent civil capacity.

 

b) Party B agrees to acquire 20%
of the shares of the target company from Party A and the relevant acts have been approved by the authority. Party B has understand
the basic situation of the target company.

 

c) Party B guarantees that it
has the ability to pay the equity transfer price.

 

d) Party B guarantees that it
will further promote and support the development of the target company after it becomes one of it’s shareholders.

 

4. Transfer Price and Payment

 

1) Party A and Party B agree
and confirm that the equity transfer price under this agreement is 10,000 RMB (TEN THOUSAND RMB).

 

2) Party A and Party B agree
that Party B shall pay the equity transfer price to Party A at once, and Party A shall issue a compliance receipt to Party B at
the same time as the payment is received.

 

5. Conditions under which the agreement
becomes effective

 

When these two conditions are met, this
agreement shall become effective. The conditions are:

 

1) This agreement is signed by
Party A and Party B.

 

2) This agreement has been authorized
and approved by Party A's organ of authority (Board of Directors or Shareholders' Meeting).

 

6. Liability for breach of agreement

 

1) Party A and Party B shall
both fully perform the contents stipulated in this agreement. Failure by either party to fulfill the terms stipulated in this agreement,
its subsidiary or supplementary provisions shall be deemed to be a breach of agreement, and the other party shall have the right
to ask it to pay the liquidated damages and compensate for the corresponding losses.

 

     

     

    

 

2) The liquidated damages of
this agreement are 5% of the total value of the equity transfer price. The corresponding losses only refers to direct and actual
losses of the party, excluding other losses.

 

3) When the party who complies
with the agreement investigate the other one for breach of agreement, it shall have the right to request the continuation or termination
of the performance of this agreement.

 

7. Change and termination of agreement

 

1) Both parties of this agreement
can change or supplement this agreement by signing a written supplementary agreement by consensus.

 

2) Both parties agree that any
of the following circumstances can result in the termination of this agreement:

 

a) Party A and Party B have
fulfilled their obligations under this agreement and their rights under this agreement have been fully realized.

 

b) Party A and Party B agree
to terminate this agreement by consensus.

 

c) The transfer referred to
in this agreement has not been approved by the industry and commerce authorities for other reasons.

 

If this agreement is terminated for the
reasons mentioned in above item (2) (3), Party A shall return in full the transfer price paid by Party B within 30 days.

 

3) After the termination of the
rights and obligations of this agreement, the parties shall perform the obligations of notification, assistance and confidentiality.

 

8. Confidentiality

 

Neither party shall disclose or disseminate
to the public or any third party any business secrets about the production, operation, investment or any other aspects of the other
party which is known in the course of negotiation, signing or performance of this agreement; nor shall it use such business secrets
for its own or any other person's benefit. Unless there is: (1) legal requirement; (2) public interest requirement; (3) prior written
consent of the other party.

 

     

     

    

 

9. Supplementary articles

 

1) Any dispute arising from the
performance of this agreement shall be settled by friendly negotiation as far as possible. If it fails to reach agreement, either
party can bring the action to the people's court in the place where the agreement is signed.

 

2) The matters not covered in
this agreement shall be settled by both parties on the principle of friendly consultation. A supplementary agreement may be signed
separately and shall have the same legal effect as this agreement.

 

3) This agreement is in quadruplicate,
each party holds one copy, the target company keeps one copy, and the remaining one is submitted to the company registration authority
for the record.

 

Transferor (Party A): Qianhai Asia Times
(Shenzhen) International Financial Services Co., Ltd.

 

(Sealing)

 

Legal Representative: CHEN Qiang

 

Transferee (Party B): CAI Zhuorong

 

(Signing)

 

19 September, 2018 in Nanshan District,
ShenzhenExhibit 10.12

 

Equity Transfer
Agreement

 

Transferor (Party A): Qianhai Asia Times
(Shenzhen) International Financial Services Co., Ltd.

 

Legal Representative: CHEN Qiang

 

Transferee (Party B): LAI Zehong (identity
card number: 445281198707027023)

 

Address: Room 510, Building 7, Guangda
Industrial Town, North Liusha Street, Puning, Guangdong, China

 

The subject matter of this transfer: 35%
of the shares held by Party A of Qianhai Asia Times (Shenzhen) International Fund Management Co., Ltd.

 

In accordance with the relevant laws and
regulations and through friendly negotiation, Party A and Party B have reached an agreement on the transfer of 35% held by Party
A of the shares of Qianhai Asia Times (Shenzhen) International Fund Management Co., Ltd. (hereinafter referred to as "target
company") to Party B. On this basis, both parties sign this agreement and execute it strictly.

 

1. The condition of the subject matter

 

1) The registered capital of
the target company is 50 million RMB.

 

2) The subject matter of this
transfer is 35% of shares held by Party A of the target company.

 

2. The equity structure of the target company
after this transfer is:

 

Name of Shareholder 1: ZHOU Yanru

 

Subscribed Capital: 22,500,000 RMB

 

Equity Portion: 45%

 

     

     

    

 

Name of Shareholder 2: LAI Zehong

 

Subscribed Capital: 17,500,000 RMB

 

Equity Portion: 35%

 

Name of Shareholder
3: Qianhai Asia Times (Shenzhen) International Financial Services Co., Ltd.

 

Subscribed Capital: 10,000,000 RMB

 

Equity Portion: 20%

 

3. Representation and Warranties by both
parties

 

1) Representation and Warranties
by Party A

 

a) Party A is a corporation
legal person established and surviving legally with an independent civil capacity.

 

b) Party A is the shareholder
of the target company, legally holding 35% of the company's equity, and agrees to transfer the equity it holds to Party B;

 

c) Party A undertakes that the
shares it holds and shall transfer to Party B are not guaranteed, pledged or any other third party’s interests to any other
third party, without any restrictions form the judiciary.

 

d) Party A undertakes that the
transfer of shares to Party B has been approved by its authorized decision-making body.

 

e) Party A undertakes to actively
assist Party B in handling the relevant procedures for transfer of the shares. Party A shall not dispose of any asset of the target
company and shall not provide guarantees or mortgages in the name of the target company before the relevant procedures are completed.

 

f) Party A confirms that before
the signing of this agreement, the condition of the legal personality, legal operation and legal existence of the target company
as well as the status of ownership of assets, debt and liabilities, taxation, litigation and arbitration, and other disputes, incidents
or factors that may adversely affect the company, provided by the target company and itself to Party B are true, accurate and complete,
without any false. And Party A is willing to bear any legal liability caused by improper disclosure of the target company and its
own.

 

     

     

    

 

2) Representation and Warranties
by Party B

 

a) Party B is a corporation legal
person established and surviving legally with an independent civil capacity.

 

b) Party B agrees to acquire 35%
of the shares of the target company from Party A and the relevant acts have been approved by the authority. Party B has understand
the basic situation of the target company.

 

c) Party B guarantees that it
has the ability to pay the equity transfer price.

 

d) Party B guarantees that it
will further promote and support the development of the target company after it becomes one of it’s shareholders.

 

4. Transfer Price and Payment

 

1) Party A and Party B agree
and confirm that the equity transfer price under this agreement is 24,500 RMB (TWENTY-FOUR THOUSAND AND FIVE HUNDRED RMB).

 

2) Party A and Party B agree
that Party B shall pay the equity transfer price to Party A at once, and Party A shall issue a compliance receipt to Party B at
the same time as the payment is received.

 

5. Conditions under which the agreement
becomes effective

 

When these two conditions are met, this
agreement shall become effective. The conditions are:

 

1) This agreement is signed by
Party A and Party B.

 

2) This agreement has been authorized
and approved by Party A's organ of authority (Board of Directors or Shareholders' Meeting).

 

6. Liability for breach of agreement

 

1) Party A and Party B shall
both fully perform the contents stipulated in this agreement. Failure by either party to fulfill the terms stipulated in this agreement,
its subsidiary or supplementary provisions shall be deemed to be a breach of agreement, and the other party shall have the right
to ask it to pay the liquidated damages and compensate for the corresponding losses.

 

     

     

    

 

2) The liquidated damages of
this agreement are 5% of the total value of the equity transfer price. The corresponding losses only refers to direct and actual
losses of the party, excluding other losses.

 

3) When the party who complies
with the agreement investigate the other one for breach of agreement, it shall have the right to request the continuation or termination
of the performance of this agreement.

 

7. Change and termination of agreement

 

1) Both parties of this agreement
can change or supplement this agreement by signing a written supplementary agreement by consensus.

 

2) Both parties agree that any
of the following circumstances can result in the termination of this agreement:

 

a) Party A and Party B have
fulfilled their obligations under this agreement and their rights under this agreement have been fully realized.

 

b) Party A and Party B agree
to terminate this agreement by consensus.

 

c) The transfer referred to
in this agreement has not been approved by the industry and commerce authorities for other reasons.

 

If this agreement is terminated for the
reasons mentioned in above item (2) (3), Party A shall return in full the transfer price paid by Party B within 30 days.

 

3) After the termination of the
rights and obligations of this agreement, the parties shall perform the obligations of notification, assistance and confidentiality.

 

8. Confidentiality

 

Neither party shall disclose or disseminate
to the public or any third party any business secrets about the production, operation, investment or any other aspects of the other
party which is known in the course of negotiation, signing or performance of this agreement; nor shall it use such business secrets
for its own or any other person's benefit. Unless there is: (1) legal requirement; (2) public interest requirement; (3) prior written
consent of the other party.

 

     

     

    

 

9. Supplementary articles

 

1) Any dispute arising from the
performance of this agreement shall be settled by friendly negotiation as far as possible. If it fails to reach agreement, either
party can bring the action to the people's court in the place where the agreement is signed.

 

2) The matters not covered in
this agreement shall be settled by both parties on the principle of friendly consultation. A supplementary agreement may be signed
separately and shall have the same legal effect as this agreement.

 

3) This agreement is in quadruplicate,
each party holds one copy, the target company keeps one copy, and the remaining one is submitted to the company registration authority
for the record.

 

Transferor (Party A): Qianhai Asia Times
(Shenzhen) International Financial Services Co., Ltd.

 

(Sealing)

 

Legal Representative: CHEN Qiang

 

Transferee (Party B): LAI Zehong

 

(Signing)

 

19 September, 2018 in Nanshan District,
Shenzhen

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00290-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00290-of-00352.parquet"}]]