Document:

EXHBIIT 10.57

 

This Turnkey Upgrade Agreement (“Agreement”)
is made on this 11th day of November, 2013

BETWEEN

China Motion Telecom (HK) Limited,
a company incorporated under the laws of Hong Kong, Special Administrative Region of the Peoples Republic of China, having its
registered office at Suites 1105-1106, 11th floor, Chinachem Golden Plaza, 77 Mody Road, TsimShaTsui East, Hong Kong (“CMTHK”)

AND

VelaTel Global Communications, Inc.,
a company incorporated under the laws of the United States in the State of Nevada, having its registered office at 5950 La Place
Court, Suite 160, California 92008 USA (“VelaTel”)

CMTHK and VelaTel are collectively referred
to as “Customer.”

AND

New Host International Co., Ltd.,
a company incorporated under the laws of Brunei Darussalam having its registered office at Room 804,
Sino Centre, 582-591 Nathan Road, Kowloon, Hong Kong (“Contractor”)

CMTHK, VelaTel and Contractor are each
referred to as a “Party” and together as the “Parties”.

WHEREAS:

		A.	Customer wishes to acquire a turnkey solution for the expansion and upgrade of its telephony core
network in Hong Kong, including hardware, software, billing and customer support solutions, and accounting reporting functions
(“Project”), and has negotiated contracts for supply, installation and maintenance of the hardware and software
comprising the Project from reputable vendors including ZTE Corporation (“ZTE”), Niceuc Communication Co., Ltd.
(“Niceuc”)and Tectura Hong Kong Limited (“Tectura” and together with ZTE and Niceuc, collectively
“Subcontractors”).

		B.	Contractor has expertise in coordinating and managing upgrade services similar to the Project and
has agreed to contract directly with Subcontractors, to pay to each Subcontractor the amounts required for installation, maintenance
and support of the Project equipment, to provide project management services in connection with the installation of the Project,
and to assign warranty and other rights from Subcontractors to Customer as appropriate for Customer to have the full benefit of
the Project.

NOW THEREFORE, in consideration
of mutual representations, covenants and other valuable consideration, it is hereby agreed by and between the Parties as follows.

    	1

    	 

    

 

 ARTICLE 1          PURCHASE PRICE

The total purchase price payable by Customer
to Contractor (“Purchase Price”) is itemized between the Subcontracted Amount, the Management Fee, and Finance
Charges (each defined below).

1.1              
Subcontracted Amount. The aggregate amount payable to Subcontractors is US$2,437,139 (“Subcontracted Amount”),
all as itemized on the quotation attached as Annex 1 to this Agreement (“Quotation”). The Subcontracted Amount
shall be subject to adjustment for any VAT or other taxes due to any Subcontractor, and any change orders or other change in the
scope of the Project mutually agreed in writing between Contractor and Customer (including approval of any lender of Customer whose
consent is required). Customer may prepay the Subcontracted Amount, in whole or in part, without penalty, and with corresponding
reduction in the Finance Charges.

1.2              
Management Fee. The management fee is US$365,571, which represents fifteen percent (15%) of the Subcontracted Amount
(“Management Fee”). The Management Fee is subject to increase based on any increase in the Subcontracted Amount.
The Management Fee covers any expense Contractor incurs associated with financing the Project, including payment of Subcontractor
invoices in amounts and at times different from payments by Customer to Contractor, letter of credit expenses, and Contractor’s
project management services associated with the Project. The Management Fee shall be fully earned upon execution of this Agreement,
without regard to early repayment of the Subcontracted Amount or accrued Finance Charges.

1.3              
Finance Charges. After the Deferral Period (defined below), interest at the rate of seven and one-half percent (7.5%)
per annum (“Finance Charges”) shall accrue on any outstanding balance of the Subcontracted Amount but not on
the Management Fee.

 ARTICLE 2          TERMS OF PAYMENT

 

2.1              
The tenor for payment of the Purchase Price is a term of 72 months (“Term”). The Term shall commence upon the
execution of the principal purchase orders between Contractor and ZTE and Niceuc (“Effective Date”). During
the first twelve (12) months of the Term, no Finance Charges shall accrue, and no portion of the Purchase Price shall be payable
(“Deferral Period”). Thereafter, the Purchase Price shall be paid in sixty (60) equal monthly installments commencing
on the same calendar date that is thirteen (13) months after the Effective Date (“Commencement Date”), and on
the same calendar day of each succeeding month during the remaining Term.

2.2              
Each installment of the Subcontracted Amount plus Finance Charges (“P&I Installment”) shall be US$48,835.
The amount of each P&I Installment allocated as Finance Charge is shown on the amortization schedule included in the Quotation.
The amount of each P&I Installment and the amortization schedule shall be adjusted in the event of any adjustment to the Subcontracted
Amount such that remaining P&I Installments after adjustment are equal.

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2.3              
Each installment of the Management Fee (“Management Fee Installment”) shall be US$6,092.85. The Management Fee
Installment amount shall be adjusted in the event of any adjustment of the Subcontracted Amount such that each of the remaining
Management Fee Installments after adjustment are equal. Except in accordance with ARTICLE 4, no Finance Charges shall accrue on
the Management Fee.

2.4              
Should Customer elect to prepay any portion of the Subcontracted Amount, the amount of such prepayment in excess of the sum of
the P&I Installment and the Management Fee Installment next due shall be applied first against the unpaid balance of the Subcontracted
Amount of the following consecutive installments, until the same is paid in full, and then against the Management Fee. Any partial
prepayment of either the Management Fee or the Subcontracted Amount shall not decrease subsequent P&I Installments or Management
Fee Installments until one or both have been paid in full.

2.5              
Should Customer fail to pay any P&I Installment, Management Fee Installment, or other amount required under this Agreement,
within 10 days of its due date, Contractor shall thereafter have the right to issue and deliver to Customer a notice of delinquency,
itemizing the amount in arrears and other circumstances surrounding such delinquency. Should Customer fail to cure such delinquency
within five days of receipt of such notice, Contractor shall be entitled to declare Customer in default under this Agreement, and
to exercise the remedies described in ARTICLE 4.

2.6              
All payments shall be calculated in United States dollars. Customer shall be responsible for any fluctuation in exchange rates
from other currencies that occur from time to time, and for any wire transfer or other bank charges associated with any payments.
Unless otherwise directed by Contractor, all payments shall be made to Contractor’s bank account stated as follows:

Account name:[ • ]

Account number USD:[ • ]

Bank name:[ • ]

Swift code:[ • ]

Bank address:[ • ]

 ARTICLE 3          TITLE TO EQUIPMENT AND COLLATERAL

 

3.1              
Title to all equipment, software, and other property included in the Project, whether tangible or intangible, shall pass to Customer
upon delivery to Customer’s business premises.

3.2              
Until the Purchase Price is paid in full, Contractor shall have a purchase money security interest in all such equipment, software
and other tangible and intangible property of Customer included in the Project. Customer shall cooperate with Contractor in signing
or filing any papers necessary to perfect Contractor’s security interest under applicable law.

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 ARTICLE 4          WARRANTY

 

Customer is familiar
with the scope of warranty and service quality negotiated with each Subcontractor. Contractor’s warranty to Customer pursuant
to this Agreement shall be co-extensive with the warranty to be contained in each contract between Contractor and each Subcontractor,
each with identical duration and subject to the same limitations and exclusions as offered by each Subcontractor. Contractor agrees
to assign all such Subcontractor warranties directly to Customer to the maximum extent allowed by law.

 ARTICLE 5          REMEDIES

 

In the event of any
delinquency noticed in accordance with Section 2.5 which is not timely cured, Contractor shall be entitled to exercise any of the
following remedies, which shall be cumulative: (i) to declare the entire unpaid balance of the Subcontracted Amount, any accrued
Finance Charges, and the Management Fee immediately due and payable, (ii) to foreclose Contractor’s security interest in
any or all of the equipment and other tangible property as described in ARTICLE 3, and/or (iii) to seek specific performance of
Customer’s unperformed obligations under this Agreement. In addition to all other remedies, after default, interest on the
entire unpaid balance of the Purchase Price shall accrue at the default rate of eighteen percent (18%) per annum from the date
of declaration of default pursuant to Clause 2.5.

 ARTICLE 6          FORCE MAJEURE

 

Where the performance
of either Party under this Agreement is hindered by or rendered impossible on account of Force Majeure, including earthquakes,
typhoon, flood , fires, war and other unexpected or unavoidable forces in respect of their consequence or results, the Party in
contingency shall provide notice to the other Party of such contingency immediately, and within 15 days shall present valid documents
signed by the notarial agency of the locale, stating the details of the incident and proving the circumstance and the extended
time of performance required. The Party in contingency shall be exempt from liability for damages caused to the other Party as
a result of and during the pendency of any event constituting Force Majeure.

 ARTICLE 7          APPLICABLE LAW AND RESOLUTION OF DISPUTES

 

7.1              
This Agreement, including without limitation its conclusion, validity, construction, performance and settlement of the disputes,
shall be governed by the law of Hong Kong, without giving effect to the principles of conflict of law. 

7.2              
Any dispute arising from, or in connection with the Agreement shall be first settled through friendly negotiation by both Parties.
In case no settlement to disputes can be reached through amicable negotiation by both Parties, the disputes shall then be submitted
to Hong Kong International Arbitration Center (“HKIAC”) for arbitration before a single arbitrator to be conducted
in English in accordance with its Arbitration Rules in force at the time of application for arbitration. The arbitration fees shall
be borne by the losing party except otherwise awarded by the arbitrator.

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 ARTICLE 8          GOVERNING LANGUAGE

 

The Agreement is entered
in the English language. Should a translation of the Agreement into any other language be made for any reason, all matters involving
interpretation shall be governed by the English text. The day-to-day language of communication and document transfer between the
parties shall be English.

 ARTICLE 9          NO JOINT VENTURE

 

Nothing in this Agreement
shall be construed to constitute, create, give effect or recognize a joint venture partnership or formal business entity of any
kind. Nothing shall be construed as providing for the sharing of profits or losses arising out of the efforts of either Party except
as may be provided in any separate contract entered into between the parties (if any).

 ARTICLE 10          NOTICES

 

Notices under this
Agreement must be in writing, to be sent via overnight courier service, personal delivery, or by confirmed email or facsimile.
If sent by confirmed personal delivery, notice will be effective at the time of delivery. If sent by overnight courier service,
notice will be effective upon the actual time of delivery. If sent by confirmed email or facsimile, notice will be effective one
business day after being sent. Notices should be sent to the address/email/facsimile for each Party shown immediately below the
signature block for such Party. Any Party may change the details for delivery of notice to it by notice to the other Party delivered
in accordance with this ARTICLE 9.

 ARTICLE 11          NO WAIVER

 

The failure of either party
to insist upon strict adherence to any term or condition of this Agreement on any occasion shall not be considered a waiver of
any right to insist upon strict adherence to that term or condition or any other term or condition of this Agreement.

 

 ARTICLE 12          MISCELLANEOUS

 

12.1           
This Agreement and its Annexes constitutes the entire Agreement and understanding between the Parties with respect to the subject
matter hereof, and there are no additional or other promises, representations, warranties or contracts or understandings, whether
written or oral, except those as contained herein.

12.2           
If any term or provision of this Agreement is held to be illegal or unenforceable, the validity or enforceability of the remainder
of this Agreement will not be affected.

12.3           
This Agreement may not be altered, modified, or waived in whole or in part, except in writing, signed by the Parties.

12.4           
If there are any discrepancies exist between this Agreement and its Annexes, the provisions of this Agreement shall prevail.

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12.5           
This Agreement may be executed in one or more counterparts, including facsimile copies of signatures, each of which shall be deemed
to be an original and all of which, when taken together, shall be deemed to constitute one and the same agreement.

12.6           
Contractor may assign and transfer its rights under this Agreement to any nominee who agrees to assume all duties and obligations
of Contractor.

IN WITNESS WHEREOF, this Agreement
has been duly signed by the Parties hereto, in duplicate, on the day written above.

	
        For and on behalf of Customer:

         

        CHINA MOTION TELECOM (HK) LIMITED

         

         

         

        By: /s/ Yang Qun

        Name: Yang Qin

        Title: General Manager
	
        For and on behalf of Contractor:

         

        NEW HOST INTERNATIONAL CO., LTD.

         

         

         

        By:  /s/ Derrick Lin

        Name: Derrick Lin

        Title:

         

	
         

        VELATEL GLOBAL COMMUNICATIONS, INC.

         

         

         

        By: /s/ Colin Tay

        Name: Colin Tay

        Title: President
	 

 

Annex 1:   Quotation from Contractor,
including Amortization Schedule and Summary of Quotations from Subcontractors

 

 

 

 

    	6EXHIBIT 10.58

 

This Sales Contract (hereinafter referred to
as the "Contract") is made on the 18th day of November, 2013.

 

BETWEEN

 

China Motion Telecom (HK) Limited, a company
incorporated in Hong Kong and having its registered office at Suites 1105-1106, 11th floor, Chinachem Golden Plaza, 77 Mody Road,
TsimShaTsui East, Hong Kong (“CMTHK”) and New Host International Co., Ltd., a company incorporated in Brunei Darussalam
having its registered office at Room 804, Sino Centre, 582-591 Nathan Road, Kowloon, Hong Kong (“New Host”) (hereinafter
collectively and together referred to as “the Customer”),

 

AND

 

ZTE (H.K.) LIMITED,
a company incorporated under the laws of Hong Kong SAR having its registered office at RM2907, 23/F, CHINA RESOURCES BUILDING,
HARBOUR ROAD 26, HONGKONG. (hereinafter referred to as “ZTE”), which expression shall deem to mean and include its
all successors-in-interest and assigns.

 

Customer and ZTE shall hereinafter be referred
to individually as a “Party” and collectively as the “Parties”.

 

WHEREAS:

 

		A)	ZTE is a telecommunication network solutions provider and specializes in supplying telecom equipment,
among which is CORE and VAS products and the corresponding software (hereinafter referred to as the "Products" or "Product"),
as well as services associated with the engineering, installation, integration, optimization, post-installation maintenance of
the Products, and training of Customer’s personnel in the operation of the Products (hereinafter referred to as the “Services”).

 

		B)	ZTE shall implement and install the project of CORE and VAS products in the Customer’s Network
at the Site in accordance with this Sales Contract including all attached Annexes.

 

		C)	The Customer agrees to utilize the Products subject to the terms and conditions in the Sales Contract.

 

NOW THEREFORE, in consideration of mutual
representations, covenants and other valuable consideration, it is hereby agreed by and between the Parties as follows.

 

ARTICLE
1          ZTE’S OBLIGATIONS

 

ZTE agrees to sell the Products to the Customer.
The price of the Products is more particularly described in ANNEX 1: PRICED BOQ.

 

ZTE agrees that the Products shall be utilized
to meet the requirements set out in ANNEX 2: TECHNICAL SPECIFICATIONS.

 

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ZTE and the Customer agree to the respective
responsibilities set out in ANNEX 3: SCOPE OF WORK.

 

ZTE agrees to provide installation of the Products
and other Services in accordance with the schedule and acceptance standards, tests, and KPIs set out in ANNEX 4: IMPLEMENTATION
SCHEDULE AND ACCEPTANCE CRITERIA.

 

ZTE agrees that the Products come with a one
year warranty commencing upon Preliminary Acceptance (as defined in ANNEX 4.1), the price of which is included in the purchase
price (hereinafter referred to as “the Warranty Period”).

 

ZTE grants to the Customer a non-transferable
and non-exclusive license to use the software for internal use only on the Products in accordance with the terms and conditions
of this Contract.

 

Trade Terms is DDP Hong Kong, ZTE’s warehouse
premises, with full protection of wooden packing boxes, with further payment by ZTE of (i) inland transportation, and (ii) insurance
of Products until (iii) delivery to final installation location at Customer’s premises.

 

ZTE shall obtain the required approvals, permission
and licenses for the import of the Products into the Customer’s Network.

 

ZTE shall obtain all necessary approvals, permission,
permits and/or licenses from the relevant government agencies or entities of the Country for the import of the Products into the
Customer’s Network.

 

ZTE shall pay costs and expenses incurred custom
clearance including taxes and duties (if any) and as well as inland transportation and insurance of the Products to the final installation
location at Customer’s premises.

 

ZTE shall utilize and certify the satisfactory
performance of Products.

 

ARTICLE 2          CUSTOMER’S
OBLIGATIONS

 

The Customer shall pay the total price of this
contract which equals to Two Million Fifty Thousand Six Hundred Nine US Dollars (US Dollars 2,050,609) (“Contract Amount”)
by telegraphic transfer (T/T) according to the following payment schedule:

 

For System Equipment and Engineering Service

-30% of Contract Amount will be paid within
30 days after signing the contract.

-30% of Contract Amount will be paid within
30 days after receipt of goods and inspection by Customer and ZTE to confirm all parts are received, and any “out of box”
failure or due to transportation or handling damage shall be immediately replaced by ZTE.

-35% of Contract Amount will be paid within
30 days after Preliminary Acceptance Test as defined in ANNEX 4.1: PROJECT IMPLEMENTATION SCHEDULE.

-5% of Contract Amount will be paid within
30 days after Final Acceptance Test (as defined in ANNEX 4.1 PROJECT IMPLEMENTATION SCHEDULE). All Products and Services per the
criteria, testing protocols, and KPIs set forth in ANNEX 4: IMPLEMENTATION SCHEDULE AND ACCEPTANCE CRITERIA.

 

    	2

    	 

    

 

For Training

-100% of contract amount shown in ANNEX 5:
TRAINING AGREEMENT will be paid within 30 days after accomplishing of the training.

 

For Maintenance and Support after warranty

-100% of contract amount shown in ANNEX 6:
O&M SUPPORT SERVICE will be paid within 30days after issuing the O&M Support Service Contract. The O&M Support Service
Contract will be issued upon expiration of the Warranty Period.

 

CMTHK and New Host hereby confirm and warrant
that they as the co-Customer have the duty to pay ZTE under this Contract and CMTHK shall unconditionally pay ZTE in case New Host
fails to pay ZTE in any circumstance.

 

 ARTICLE 3          INSTALLATION AND COMMISSIONING

 

The Customer acknowledges and agrees that ZTE
shall deliver, install and test, together with the Customer’s officials, the Products at the allocated Sites, and the same
shall function satisfactorily in the Customer’s Network per the criteria, testing protocols, and KPIs set forth in ANNEX
4: IMPLEMENTATION SCHEDULE AND ACCEPTANCE CRITERIA..

 

If the Products are required to interface with
equipment of any third parties, the Customer shall make available the access at their own cost and shall allow utilization of such
equipment by ZTE.

 

 ARTICLE 4          TESTING AND ACCEPTANCE

 

The Preliminary and Final Acceptance Tests
(as defined in ANNEX 4.1 Project Implementation Proposal) of the Products shall be conducted, approved and signed jointly by ZTE
and the Customer. The Preliminary and Final Acceptance Certificates (as defined in ANNEX 4.1 Project Implementation Proposal) shall
also be issued and signed by the Customer.

 

ZTE shall assist Customer for the normal and
stable running of the Products in accordance with the specifications described in ANNEX 2: TECHNICAL SPECIFICATIONS during the
entire Warranty Period and provide maintenance support for the same.

 

 ARTICLE 5          DOCUMENT AND TRAINING

 

ZTE agrees to provide the necessary documents
and manuals for the installation, testing, operation and maintenance of the Products. ZTE agrees to prepare and provide the Customer
course materials sufficient to support the training described ANNEX 5: TRAINING AGREEMENT.

 

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 ARTICLE 6          WARRANTY AND LIMITATION OF LIABILITY

 

ZTE warrants that the Products provided by
ZTE to the Customer hereunder will be free from defects in workmanship and materials and will conform to the technical specifications
as set out in ANNEX 2: TECHNICAL SPECIFICATIONS under normal use and service during the entire Warranty Period.

 

ZTE shall not be liable under this warranty
if its testing and examination discloses that the alleged defect in the Products does not exist or was caused by the Customer or
its end user’s misuse, neglect, improper installation or testing, unauthorized attempts to repair, or by accident, fire,
lightning or other hazard.

 

Notwithstanding any other provision of this
Contract, neither the Customer nor ZTE shall be liable to the other Party for damages, loss of revenues or profits, loss of goodwill
or any incidental, consequential, indirect or special damages in connection with the performance or non-performance of this Contract,
whether or not ZTE was advised of the possibility of such damage.

 

The aggregate liability of ZTE under this Agreement
shall in no event be more than the Contract Price.

 

Standard of Maintenance and Support are described
in ANNEX 6: O&M SUPPORT SERVICE.

 

 ARTICLE 7          TITLE OF THE PRODUCTS

 

The title or ownership to the Products shall
be transferred to the Customer upon delivery of the Products to Customer’s Premises, subject to a security interest in ZTE’s
favor against the full payment of this Contract, and if the Customer fails to pay the full Contract price or fails to perform other
obligations under the terms and conditions of this Contract, the title or ownership to the Products shall revert to ZTE. Customer
will cooperate in signing or filing any documents required for ZTE to perfect its security interest in the Products under applicable
law.

 

 ARTICLE 8          LIQUIDATED DAMAGES

 

		8.1	From Supplier – If Supplier fails to deliver any Equipment and/or Services within the specified
schedule time, except under those conditions defined as Force Majeure or due to Customer’s fault, Customer may claim from
Supplier as liquidated damages a sum equivalent to zero point one percent (0.1%) of the contract value of the Equipment and/or
Services delayed, which shall be applied on daily basis, from the due date until the full settlement of the delayed Equipment or
Services. In any event, the aggregate sum of liquidated damages for any and all delays shall not exceed five per cent (5%) of the
total value of the Equipment and/or Services delayed or any part thereof.

 

		8.2	From Customer – If Customer fails to pay any sum due within the specified schedule, except
under those conditions defined as Force Majeure or due to Supplier’s fault, Supplier may claim from Customer as liquidated
damages a sum equivalent to zero point one percent (0.1%) of the overdue amount, which shall be applied on daily basis, from the
due date until the full settlement of the delayed payment. In any event, the aggregate sum of liquidated damages for any such delay
shall not exceed one percent (1%) per month of the outstanding unpaid balance due.

 

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		8.3	Demands of liquidated damages – Upon demand for liquidated damages, the non-defaulting Party
shall notify the defaulting Party the payable amount of liquidated damages in writing. The defaulting Party shall pay the liquidated
damages within ten (10) Business Days after the receipt of the written notice. If the defaulting Party disagrees with the amount
of liquidated damages, it shall notify the non-defaulting Party within five (5) Business Days after the receipt of the written
notice. The liquidated damages shall be paid within ten (10) Business Days after consensus has been reached in respect of the amount
of damages

 

 ARTICLE 9          CONFIDENTIALITY

 

Either Party recognizes and acknowledges that
it will access or have access to the proprietary, confidential and trade secrets, technical information or materials, software
and data of the other Party, or of the other Party's suppliers (collectively, the "Confidential Information"). The receiving
party agrees that it shall not disclose, sell, transfer, modify, translate, reproduce or otherwise cause the Confidential Information
available to any third party and that it shall protect the same to the same extent it protects its own Confidential Information,
but in no event will the receiving party exercise less than reasonable care in the protection thereof.

 

Confidential Information shall not be deemed
to include information which:

		(a)	is rightfully possessed by the receiving party prior to the disclosure of such Confidential Information
by the disclosing party;

		(b)	is subsequently acquired by the receiving party from an independent third party having a legal
right to disclose the Confidential Information;

		(c)	becomes public knowledge, other than through an act or failure to act of the receiving party.

 

Unless otherwise agreed upon by ZTE in writing
or is required by applicable law, the Customer or its agents, servants and/or employees shall not, without the prior written consent
of ZTE, disclose the nature or results of the product trial testing being conducted or milestones and official release dates of
any ZTE products or documentation.

 

 ARTICLE 10          INTELLECTUAL PROPERTY

 

All patents, trade and service marks, design
rights, copyrights, know-how, trade secrets and other intellectual and industrial property interests or rights in and to the Products
shall remain the property of the ZTE and its third party suppliers, as appropriate. Nothing contained in this Contract shall be
understood, construed, or interpreted to be a transfer of such rights.

 

    	5

    	 

    

 

 ARTICLE 11          FORCE MAJEURE

 

Where the performance hereof is hindered by
or is absolutely impossible under the terms and conditions herein on account of Force Majeure, including earthquakes, typhoon,
flood , fires, war and other unexpected, irresistible or unavoidable forces in respect of their consequence or results, the Party
in contingency shall inform the other Party of such contingency by fax or telegram immediately, and within 15 days present valid
documents signed by the notarial agency of the locale, stating the details of the incident and proving it is impossible to perform
whole or part of this Contract or that extension of time of performance hereof is necessary. In case that this Contract is not
able to be performed because of Force Majeure, the liabilities shall be exempted in part or wholly in light of the effects of Force
Majeure. If the said Force Majeure lasts for 90 days, either of the Parties to the Contract shall have the right to terminate the
Contract without incurring any liability under the said Contract.

 

 ARTICLE 12          APPLICABLE LAW AND RESOLUTION OF DISPUTES

 

The Contract, including without limitation
its conclusion, validity, construction, performance and settlement of the disputes, shall be governed by the law of Hong Kong Special
Administrative Region of the People's Republic of China, without giving effect to the principles of conflict of law.

 

Any dispute arising from, or in connection
with the Contract shall be first settled through friendly negotiation by both Parties. In case no settlement to disputes can be
reached through amicable negotiation by both Parties, the disputes shall then be submitted Hong Kong International - Arbitration
Center for arbitration in accordance with its arbitration rules in force at the time of application for arbitration. The arbitration
shall proceed in Hong Kong and conducted in English before a single arbitrator. The arbitral award is final and binding upon both
Parties. The arbitration fees shall be borne by the losing Party except otherwise awarded by the arbitration commission.

 

To the fullest extent permitted by law, this
arbitration proceeding and the arbitrator’s award shall be maintained in confidence by the Parties so as to protect relevant
valuable information or intellectual property rights.

 

Notwithstanding any reference to arbitration,
both Parties shall continue to perform their respective obligations under the Contract except for those matters under arbitration.

 

 ARTICLE 13          MISCELLANEOUS

 

Notices: Notices under this Contract must be
in writing, to be sent via the regular post, postage prepaid, or by overnight courier service, personal delivery, or confirmed
facsimile. If sent by confirmed facsimile, notice will be effective one business day after being sent. If sent by confirmed personal
delivery, notice will be effective at the time of delivery. If sent by overnight courier service, notice will be effective upon
the actual time of delivery. If sent by regular post, notice will be effective five (5) business days after deposit. Notices should
be sent to the following addresses:

 

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CMTHK:

Suites 1105-1106, 11th floor, Chinachem Golden
Plaza, 77 Mody Road, TsimShaTsui East, Hong Kong

Tel: 00852-22092270

Fax: 00852-22091270

Attn: Jamie Chang

 

New Host:

Room 804, Sino Centre, 582-591 Nathan Road,
Kowloon, Hong Kong

Tel: 00852-23840332

Fax: 00852-27717211

Attn: Richard Liang

 

ZTE (H.K.) LIMITED

RM2307, 23/F, CHINA RESOURCES BUILDING, HARBOUR
ROAD 26, HONGKONG.

Tel: 00852-25198983

Fax: 00852-25198986

Attn: Wang Antao

 

Language: This Contract is entered in the English
language. Should a translation of the Contract into any other language be made for any reason, all matters involving interpretation
shall be governed by the English text. The day-to-day language of communication and document transfer between the Parties shall
be English.

 

Severability: It is mutually agreed that in
case any one or more of the provisions of this Contract shall be invalid or unenforceable in any respect, such invalidity or unenforceability
shall not affect the validity or enforceability of the other provisions of this Contract.

 

No Waiver: The failure of either Party to insist
upon strict adherence to any term or condition of this Contract on any occasion shall not be considered a waiver of any right to
insist upon strict adherence to that term or condition or any other term or condition of this Contract.

 

Entire Agreement: This Contract and its Annexes
constitutes the entire agreement and understanding between the Parties with respect to the subject matter hereof, and there are
no additional or other promises, representations, warranties or contracts or understandings, whether written or oral, except those
as contained herein.

 

Written Changes: This Contract may not be altered,
modified, amended, changed, rescinded or discharged in whole or in part, except by a written contract executed by both Parties.

 

Assignment. New Host shall have the right to
assign its rights under this Contract to a nominee, subject to ZTE’s consent, such consent not to be unreasonably withheld,
provided such nominee shall agree to assume all of New Host’s obligations under this Contract, and provided the credit facility
of such nominee is equal to that of New Host.

 

This Contract may be signed in as many counterparts
as may be necessary, each of which so signed shall be deemed to be an original (and each signed copy sent by electronic facsimile
transmission shall be deemed to be an original), such counterparts together shall constitute one and the same instrument and, notwithstanding
the date of the execution, shall be deemed to be effective as of the date set forth above.

 

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IN WITNESS WHEREOF, the Parties hereto
have executed this Contract by their duly authorized representatives.

 

	
        For and on behalf of:

        ZTE (H.K.) LIMITED

         

         

         

        By  /s/ Wang Antao

        Wang Antao

        General Manager
	
        For and on behalf of:

        CHINA MOTION TELECOM (HK) LIMITED

         

         

         

        By  /s/ Yang Qin

        Yang Qin

        General Manager

	 	
         

         

        For and on behalf of:

        NEW HOST INTERNATIONAL CO., LTD.

         

         

         

        By  /s/ Derrick Lin

        Derrick Lin

 

ANNEX 1: PRICED BOQ

ANNEX 2: TECHNICAL SPECIFICATION

ANNEX 3: SCOPE OF WORK

ANNEX 4: IMPLEMENTATION SCHEDULE AND ACCEPTANCE
CRITERIA

ANNEX 5: TRAINING AGREEMENT

ANNEX 6: O&M SUPPORT SERVICE

 

    	8

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