Document:

EXHIBIT
10.1

 

Management
Services Agreement

 EXECUTION
VERSION

 

MANAGEMENT
SERVICES AGREEMENT

 

This
Management Services Agreement (this “Agreement”) is entered into by and between ARC Lifestyle Group, Inc.
(“ARC”) and Shanghai Fan Xi Commerce Co., LTD (“Fanxi”) as of May
22, 2015 in Shanghai, the People’s Republic of China (the “PRC” or “China”). ARC and Fanxi are
each referred to in this Agreement as a “Party” and collectively as the “Parties”.

 

RECITALS

 

	a)	ARC,
    a company incorporated in the United States, is a company that intends to enter the e- commerce and distribution services
    for a range of industries and organizations,
	 	 
	b)	Fanxi is
    a company incorporated in the PRC, and is engaged in e- commerce with focus on sourcing and engaging with profit maximizing
    projects (the “Business”).
	 	 
	c)	The
    Parties desire that ARC shall provide Management and other relevant services relating to Fanxi for the Business.

 

NOW
THEREFORE, to set forth the terms and conditions under which ARC shall provide Management and other related services
to Fanxi, the Parties agree as follows:

 

1. DEFINITIONS

 

1.1
In this Agreement the terms shall have the following meanings:

 

“Affiliate”,
with respect to any Person (as defined below), shall mean any other Person that directly or indirectly controls, or is under common
control with, or is controlled by, such Person. As used in this definition, “control” shall mean possession, directly
or indirectly, of power to direct or cause the direction of management of policies (whether ownership of securities ort partnership
or other ownership interests, by contract or otherwise);

 

“Management Services Fee” shall
be as defined in Clause 3.1;

 

“Indebtedness” shall
mean, as to any Person, without duplication, (i) all indebtedness (including principal, interest, fees and charges) of such Person
for borrowed money for the deferred purchase price of property or services, (ii) the face amount of all letters of credit issued
for the amount of such Person and all drafts drawn thereunder, (iii) all liabilities secured by any Lien (as defined below) on
any property owned by such Person, (iv) the aggregate amount required to be capitalized under leases under which such Person is
the lessee and (v) all contingent obligations (including, without limitation, all guaranteed to this parties) of such Person;

 

    	 	1	 

    	 

    

 

“Lien” shall
mean any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), preference,
priority or other security agreement of any kind or nature whatsoever (including without limitation, and conditional sale or other
title retention agreement, and financing or similar statement or notice filed under recording of notice statute, and any lease
having substantially the same effect as any of the foregoing);

 

“Person” shall
mean any individual, corporation, company, voluntary association, partnership, joint venture, trust, unincorporated organization,
entity or other organization or any government body; and

 

“Services” means
the services to be provided under the Agreement by ARC to Fanxi, as more specifically described in
Clause 2 here attached.

 

1.2
The headings in this Agreement shall not affect the interpretation of this Agreement.

 

2.
RETENTION AND SCOPE OF SERVICES

 

	 	2.1	Fanxi hereby
    agrees to retain the Services of ARC, and ARC accepts such retention, to provide Fanxi with the
    Services in relation to the current and proposed operations of Fanxi’s Business in the PRC pursuant
    to the terms and conditions of this Agreement. The Services subject to this Agreement shall include without limitation:

 

	 	 	(a)	General
    business operation.

 

	 	 	 	(i)	Provide
    general advice and assistance relating to the management and operation of the Business of Fanxi

 

	 	 	(b)	Human
    resources

 

	 	 	 	(i)	Provide
    general advice and assistance in relation to the staffing of Fanxi, including assistance in the recruitment, employment
    and management of management personnel, administrative personnel, administrative personnel and staff of Fanxi;
	 	 	 	 	 
	 	 	 	(ii)	Provide
    training of management, staff and administrative personnel; and
	 	 	 	 	 
	 	 	 	(iii)	Assist Fanxi in
    establishing an efficient accounting management system.

 

	 	 	(c)	Business
    development

 

	 	 	 	(i)	Provide
    advice and assistance in business growth and development of Fanxi

 

	 	 	(d)	Other

 

	 	 	 	(i)	Such
    other advice and assistance as may be agreed upon by the Parties.

 

    	 	2	 

    	 

    
 

	 	2.2	Exclusive
    services provide. During the term of this Agreement, ARC shall be the exclusive provider of the Services. Fanxi shall
    not seek or accept similar services from other provides unless the prior written approval is obtained from ARC.
	 	 	 
	 	 	Intellectual
    property rights related to the Services. ARC shall own all intellectual property rights developed or discovered
    through research and development, in the course of providing Services, or derived from the provision of the Services. Such
    intellectual property rights shall include patents, trademarks, trade names, copyrights, patent application rights, copyright
    and trademark application rights, research and technical documents and materials, and other related intellectual property
    rights including the right to license or transfer intellectual property rights. If Fanxirequires the use of ARC’s intellectual
    property rights, ARC agrees to grant such intellectual property rights to Fanxi on terms
    and conditions to be set forth in a separate agreement.
	 	 	 
	 	2.3	Pledge. Fanxi shall
    permit and cause the shareholders of Fanxi to pledge their equity interests in Fanxi to ARC or
    any party designated by ARC in writing for securing the Management Services Fee (as defined below) as required
    pursuant to this Agreement.

 

3.
PAYMENT

 

	 	3.1	General

 

	 	 	(a)	In
    consideration of the Services provided by ARC hereunder, Fanxi shall pay to ARC a
    management services fee (the “Management Services Fee”) during the term of this Agreement, payable each quarter,
    equivalent to all of its net income for such quarter based on the quarterly financial statements provided under Clause 5.1
    below. Such amount shall be paid in cash to the extent determined by the parties to be prudent and with due consideration
    to the cash requirements of the business. Any amounts not able to be immediately paid out hereunder shall be accrued and paid
    as funds become available. Such amounts as are deemed immediately payable shall be paid within fifteen (15) days after receipt
    by ARC of the financial statements referenced above.
	 	 	 	 
	 	 	(b)	Fanxi will
    permit, from time to time during regular business hours as reasonably requested by ARC, its agents or representatives
    (including independent public accountants, which may be Fanxi’s independent public accountants), (i)
    to conduct periodic audits of the financial books and records of Fanxi, (ii) to examine and make copies and abstracts
    from all books, records and documents (including without limitation, computer tapes and disks) in the possession or under
    the control of Fanxi, (iii) to visit the offices and properties of Fanxi for the purpose of examining
    such materials described in Item (ii) above, and (iv) to discuss matters relating to the performance by Fanxi hereunder
    with any of the officers or employee of Fanxi having knowledge of such matters. ARC may
    exercise the audit rights described herein at any time, provided that ARC provides a ten (10) – day
    written notice to Fanxi specifying the scope, purpose and duration of such audit. All such audits shall be
    conducted in such a manner as not to interfere with Fanxi’s normal operations.

 

    	 	3	 

    	 

    

 

	 	3.2	Fanxi shall
    not be entitled to set off any amount it may claim that is owed to it by ARC against any Management Services
    Fee payable by Fanxi to ARC unless Fanxi obtains ARC’s prior written
    consent.
	 	 	 
	 	 	The
    Management Services Fee shall be paid promptly by telegraphic transfer or other means to ARC’s bank
    account or to such other account or accounts as may be specified in writing from time to time by ARC.
	 	 	 
	 	 	Should Fanxi fail
    to pay all or any part of the Management Services Fee to ARC under this Clause 3 within the time limits stipulated, Fanxi shall
    pay to ARC interest for the amount overdue based on the three (3)- month lending rate for commercial loans
    published by the People’s Bank of China on the relevant due date.
	 	 	 
	 	3.3	All
    payments to be made by Fanxi hereunder shall be made free and clear and without any consideration of tax
    deduction, unless Fanxi is required to make such payment subject to the deduction or withholding of tax.
	 	 	 
	 	3.4	In
    addition to the Managements Services Fee mentioned above, Fanxi agrees to reimburse ARC for
    all necessary expenses related to the performance of this Agreement, including but not limited to, travel expenses, expert
    fees, printing fees and mail costs.
	 	 	 
	 	3.5	Fanxi also
    agrees to reimburse ARC for taxes ( not including income tax), customs and other expenditures related to ARC’s performance
    of this Agreement.

 

4.
FURTHER TERMS OF COOPERATION

 

All
business revenue of Fanxi shall be directed in full by Fanxi into the bank account(s) approved
by ARC.

 

5.
UNDERTAKINGS OF FANXI

 

Fanxi hereby
agrees that, during the term of this Agreement:

 

	 	5.1	Information
    covenants. Fanxi shall provide ARC with the following (Unless otherwise expressly provided
    herein all financial information shall be prepared and provided in accordance with generally accepted accounting principles
    of the United States consistently applied (US- GAAP):

 

    	 	4	 

    	 

    

 

	 	 	5.1.1	Preliminary
    monthly reports. Within five (5) days after the end of each calendar month the preliminary income statements and balance sheets
    of Fanxi made up to as of the end of such calendar month.
	 	 	 	 
	 	 	5.1.2	Final
    monthly reports. Within ten (10) days after the end of each calendar month, a final report from Fanxi on
    the financial and business operations of Fanxi as of the end of such calendar month, setting forth the comparison
    of financial and operation figures for the corresponding period in the preceding financial year.
	 	 	 	 
	 	 	5.1.3	Quarterly
    reports. As soon as available and in any event within forty- five (45) days after each Quarterly Period (as defined below),
    unaudited consolidated and consolidating statements of income, retained earnings and changes in financial positions of Fanxi and
    its subsidiaries for such Quarterly Period (as defined below), unaudited consolidated and consolidating statements of income,
    retained earnings and changes in financial positions of Fanxi and relevant fiscal year to such Quarterly
    Period, setting forth in each case the actual versus budgeted comparison and a comparison of the corresponding consolidated
    and consolidating figures for the corresponding period in the preceding fiscal year, accompanied by a certificate of Fanxi’s Chief
    Financial Officer, and such certificate shall state that the said financial statement fairly represent the consolidated and
    consolidating financial conditions and results of operations, as the case may be, of Fanxi and its subsidiaries,
    in accordance with US- GAAP for such period (subject to normal year- end audit adjustments and the preparation of notes for
    the audited financial statements). For the purpose of this Agreement, a “Quarterly Period” shall mean the last
    day of March, June, September and December of each year, the first of which shall be the first Quarterly Period following
    the date of this Agreement; provided that of any such Quarterly Period is not a business day, then such Quarterly Period shall
    be the next succeeding business day.
	 	 	 	 
	 	 	5.1.4	Annual
    audited accounts. Within three (3) months after the end of each financial year, Fanxi’s annual audited
    accounts (setting forth in each case the comparison of the corresponding figures for the preceding financial year), shall
    be prepared.
	 	 	 	 
	 	 	5.1.5	Budgets.
    At least ninety (90) days prior to the beginning of each fiscal year of Fanxi. Fanxi shall prepare
    a budget in a form satisfactory to ARC (including budgeted statements of income and sources and uses of cash
    and balance sheets) for each of the four quarters of the succeeding fiscal year accompanied by the statement of Fanxi’s Chief
    Financial Officer, to the effect that, to the best of his/her knowledge, the budget is a reasonable estimate for the corresponding
    period.
	 	 	 	 
	 	 	5.1.6	Notice
    of litigation. Fanxi shall notify ARC, within one (1) business day of obtaining the knowledge
    thereof, of (i) any litigation or governmental proceeding pending against Fanxi and (ii) any other event
    which is likely to have a material adverse effect on the business, operation, properties, assets, conditions or prospects
    of Fanxi.

 

    	 	5	 

    	 

    
 

	 	 	5.1.7	Other
    information. From time to time, such other information or documents as ARC may reasonably request.

 

	 	5.2	Books,
    records and inspections. Fanxi shall keep accurate books and records of its business activities and transactions
    in accordance with US- GAAP and all other legal requirements. During an appropriate time and within a reasonable scope requested
    by ARC from time to time, Fanxiwill permit ARC’s officers and designated
    representatives to visit the premises of Fanxi and to inspect, under the guidance of Fanxi’s officers, Fanxi’s books
    and records, and to discuss the affairs, finances and accounts of Fanxi.
	 	 	 
	 	5.3	Corporate
    franchises. Fanxi will do or cause to be done, all things necessary to preserve and keep in full force and
    effect its existence and maintain its material rights and licenses.
	 	 	 
	 	5.4	Compliance
    with laws. Fanxi shall abide by all applicable laws, regulations and orders of all relevant governmental
    administration, including but not limited to United States Foreign Corrupt Practices Act, in respect to its business and the
    ownership of its property, including without limitation, maintenance of valid and proper governmental approvals and licenses
    necessary to provide the services, unless such noncompliance will not, in the aggregate, have a material adverse effect on
    the business operations, properties, assets, conditions or prospects of Fanxi.

 

6.
NEGATIVE COVENANTS

 

Fanxi covenants
and agrees that, during the term of this Agreement, without prior written consent of ARC:

 

	 	6.1	Equity. Fanxi will
    not issue, purchase or redeem and equity or debt, or equity or debt securities of Fanxi.
	 	 	 
	 	6.2	Liens. Fanxi will
    not create, incur, assume or suffer to exist any Lien upon or with respect to any property or asset ( real or personal, tangible
    or intangible) of Fanxi whether existing or hereafter acquired, provided that the provisions of this Clause
    6.2 shall not prevent the creation, incurrence, assumption or existence of:

 

	 	 	6.2.1	Liens
    for taxes not yet due, or Liens for taxes being contested in good faith and by appropriate proceedings for which adequate
    reserves have been established; and
	 	 	 	 
	 	 	6.2.2	Liens
    in respect to Fanxi’s property of assets imposed by law, which were incurred in the ordinary course
    of business, and (i) which do not in the aggregate. Materially detract from the value of Fanxi’s business
    or (ii) which are being contested in good faith by appropriate proceedings and proceedings which have the effect of prevent
    the forfeiture or sale of the property of assets subject to any such Lien.

 

    	 	6	 

    	 

    
 

	 	6.3	Consolidation,
    merger, sale of assets and etc. Fanxi will not wind up, liquidate or dissolve its affairs or enter into any
    transaction of merger or consolidation, or convey, sell, lease or otherwise dispose of (or agree to do any of the foregoing
    at any future time) all or any part of its property or assets, or purchase or otherwise acquire (in one or a series of related
    transactions) any part of the property or assets (other than purchases or other acquisitions of inventory, materials and equipment
    in the ordinary course of business) of any Person, except that (i) Fanxi may sell inventory in the ordinary
    course of business and (ii) Fanxi may sell equipment which is uneconomic or obsolete, in the ordinary course
    of business.
	 	 	 
	 	6.4	Dividends. Fanxi will
    not declare or pay any dividends, or return any capital, to its shareholders or authorize to make any other distribution,
    payment or delivery of property or cash to its shareholders as such, or redeem, retire, purchase or otherwise acquire, directly
    or indirectly, for a consideration, any shares of any class of its capital stock now or hereafter outstanding (or any options
    or warrants issued by Fanxi with respect to its capital stock), or set aside any funds for any of the foregoing purposes.
	 	 	 
	 	6.5	Leases. Fanxi will
    not permit the aggregate payments (including without limitation, any property taxes paid as additional rent or lease payments)
    by Fanxi under agreement to rent or lease any real or personal property to exceed the amount agreed by ARC in
    any fiscal year of Fanxi.
	 	 	 
	 	6.6	Indebtedness. Fanxi will
    not contract, create, incur, assume or suffer to exist any indebtedness, except accrued expenses and current trade accounts
    payable incurred in the ordinary course of business, and obligations under trade letters of credit incurred by Fanxi in
    the ordinary course of business, which are to be repaid in full not more than one (1) year after the date on which such indebtedness
    is originally incurred to finance the purchase goods by Fanxi.
	 	 	 
	 	6.7	Advances,
    investment and loans. Fanxi will not lend money or credit or make advances to any Person, or purchase or
    acquire any stock, obligation or securities of, or any other interest in, or make any capital contribution to, any other Person,
    except that Fanxi may acquire and hold receivables owing to it, if created or acquired in the ordinary course of business
    and payable or dischargeable in accordance with customary trade terms.

 

    	 	7	 

    	 

    
 

	 	6.8	Transactions
    with Affiliates or Related Parties (as defined below). Fanxi will not enter into any transaction or series
    of related transactions, whether or not in the ordinary course of business, with any Affiliate or Related Party of Fanxi,
    other than on terms and conditions substantially as favorable to Fanxi as would be obtainable by Fanxi at
    the time in a comparable arms- length transaction with a Person other than an Affiliate or Related Parties and with the prior
    written consent of ARC. The term “Related Parties” shall mean the shareholders of Fanxi and
    (a) each individual who is, or who has at any time been, an officer director or executive employee of Fanxi or
    any Affiliate; (b) each member of the family of the shareholders of Fanxi and each of the individuals referred
    to in Item “(a)” above; and (c) any entity in which any one of the individuals referred to in Items “(a)”
    and “(b)” above holds or held (or in which more than one of such individuals collectively hold or held), beneficially
    or otherwise, a controlling interest or a material voting, proprietary or equity interest.
	 	 	 
	 	6.9	Capital
    expenditures. Fanxi will not make any expenditure for fixed or capital assets (including without limitation,
    expenditures for maintenance and repairs which are capitalized in accordance with generally accepted accounting principles
    in the US and capitalized lease obligations) during any quarter of a fiscal year which exceeds the aggregate the amount contained
    in the budget as set forth in Clause 5.1.5.
	 	 	 
	 	6.10	Modifications
    to debt arrangement, agreements or articles of association. Fanxi will not (i) make any voluntary or optional
    payment or prepayment on or redemption or acquisition for value of (including without limitation, by way of depositing with
    the trustee with respect thereto money or securities before due for the purpose of paying when due) any existing Indebtedness,
    or (ii) amend or modify, or permit the amendment or modification of, any provision of any existing Indebtedness or is any
    agreement (including without limitation, any purchase agreement, indenture, loan agreement or security agreement) relating
    to any of the foregoing, or (iii) amend, modify or change its articles of association or business license, or any agreement
    entered into by it, with respect to its capital stock. Or enter into any new agreement with respect to its capital stock.
	 	 	 
	 	6.11	Line
    of business. Fanxi will not engage (directly or indirectly) in any business other than those types of business prescribed
    within the business scope of Fanxi’s business license except with the prior written consent of ARC.

 

7.
REPRESENTATIONS AND WARRANTIES

 

	 	7.1	Representations
    and Warranties of ARC
	 	 	 
	 	 	ARC hereby
    represents and warrants as follows:

 

	 	 	7.1.1	It
    has the power to enter into and perform this Agreement in accordance with its constitutional documents and business scope,
    and has taken all necessary action to obtain all consents and approvals necessary to execute and perform this Agreement. Each
    transaction document has been (or upon delivery will have been) duly executed by ARC and, when delivered
    in accordance with the terms hereof, will constitute the valid and binding obligation of ARC enforceable
    against ARC in accordance with its terms except: (i) as limited by applicable bankruptcy, insolvency. Fraudulent
    transfer, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights
    generally and (ii) as limited by laws relating to the availability of specific performance, injunctive relief or other equitable
    remedies.

 

    	 	8	 

    	 

    
 

	 	 	7.1.2	The
    execution and performance of this Agreement by ARC does not and will not result in any violation of enforceable
    or effective laws or contractual limitations.
	 	 	 	 
	 	 	7.1.3	Upon
    execution, this Agreement shall constitute the legal, valid and binding obligation of ARC and may be enforceable
    in accordance therewith.

 

	 	7.2	Representations
    and Warranties of Fanxi
	 	 	 
	 	 	Fanxi hereby
    represents and warrants as follows:

 

	 	 	7.2.1	Fanxi is
    a company duly registered and validly existing under the laws of PRC, and is authorized to enter into this Agreement.
	 	 	 	 
	 	 	7.2.2	Fanxi has
    the power to execute and perform this Agreement in accordance with its constitutional documents and business scope, and has
    taken all necessary action to obtain all consents and approvals necessary to execute and performs this Agreement. Each transaction
    document has been (or upon delivery will have been) duly executed by Fanxi and, when obligation of Fanxi enforceable
    against Fanxi in accordance with its terms except: (i) as limited by applicable bankruptcy, insolvency, fraudulent
    transfer, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights
    generally and (ii) as limited by laws relating to the availability of specific performance, injunctive relief or other equitable
    remedies. Notwithstanding any other provisions hereof, all references herein to accounting or financial matters shall set
    as a reference date, the first day of the quarter immediately preceding the date hereof.

 

8.
TERM AND TERMINATION

 

	 	8.1	This
    Agreement shall take effect on the date of its execution and shall remain in full force and effect unless terminated pursuant
    to Clause 8.2.

 

    	 	9	 

    	 

    
 

	 	8.2	This
    Agreement may be terminated:

 

	 	 	8.2.1	By ARC giving
    a written notice to Fanxi if Fanxi has committed a material breach of this Agreement (including
    but not limited to the failure by Fanxi to pay any of the Management Services Fee) and such breach, if capable
    of remedy, has not been so remedied within fourteen (14) days, in the case of breach of a non- financial obligation, following
    the receipt of such written notice;
	 	 	 	 
	 	 	8.2.2	By
    either Party giving a written notice to the other Party if the other Party becomes bankrupt or insolvent or is the subject
    of proceedings or arrangements for liquidation or dissolution or ceases to carry on business or becomes unable to pay its
    debt as they become due;
	 	 	 	 
	 	 	8.2.3	By
    either Party giving a written notice to the other Party if circumstances arise which materially and adversely affect the performance
    of the objectives of this Agreement; or
	 	 	 	 
	 	 	8.2.4	By
    either Party giving a written notice to the other Party if circumstances arise which materially and adversely affect the performance
    or the objectives of this Agreement; or
	 	 	 	 
	 	 	8.2.5	By ARC giving
    a written notice to Fanxi at ARC’s sole discretion, with or without reasons.

 

	 	8.3	Any
    Party electing to terminate this Agreement pursuant to Clause 8.2 shall have no liability to the other Party for indemnity,
    compensation or damages arising solely from the exercise of such termination right. For avoidance of any doubt, either Party’s
    right to claim against the other Party for compensation for breach of this Agreement by such other Party shall not be affected.
    The expiration or termination of this Agreement shall not affect the continuing liability of Fanxi to pay
    any Management Services Fee already accrued or due and payable to ARC. Upon expiration or termination of this
    Agreement, all amounts then due and unpaid to ARC by Fanxi hereunder, as well as all other
    amounts accrued but not yet payable to ARC by Fanxi, shall hereby become due and payable by Fanxi to ARC.

 

9.
ARC’S REMEDY UPON FANXI’S BREACH

 

	 	In
    case of cancellation of this agreement for whatever reason including but not limited to completion of its terms or conditions
    or by breach. ARC and Fanxi agree that neither party will pursue charges against the other
    party. Both parties agree to forgo any past, present or future claims for consequential damages and will not bring suit against
    either party in any court of any jurisdiction. Furthermore, both parties agree to restrain from any defamatory remarks or
    make any disparaging remarks against the other for any reason.

 

    	 	10	 

    	 

    
 

10.
CONFIDENTIALITY

 

	 	10.1	Fanxi agrees
    to use reasonable best efforts to protect and maintain the confidentiality of ARC’s confidential information
    received in connection with this Agreement. Fanxi shall not disclose, grant or transfer such confidential
    information to any third party. Upon termination of this Agreement, Fanxi shall, upon ARC’s request,
    return to ARC or destroy any documents, materials or software containing any such confidential information,
    and shall completely delete any such confidential information, and shall completely delete any such confidential information
    from any memory devices, and shall not use or permit any third party to use such confidential information.
	 	 	 
	 	10.2	ARC agrees
    to use reasonable best efforts to protect and maintain the confidentiality of Fanxi’s confidential
    information received in connection with this Agreement. ARC shall not disclose, grant or transfer such confidential
    information to any third party. Upon termination of this Agreement, ARC shall, upon Fanxi’s request,
    return to Fanxi or destroy any documents, materials or software containing any such confidential information,
    and shall completely delete any such confidential information, and shall completely delete any such confidential information
    from any memory devices, and shall not use or permit any third party to use such confidential information.
	 	 	 
	 	10.3	Pursuant
    to this Agreement, the term “confidential information” shall mean any technical information or business operation
    information which is unknown to the public, can bring about economic benefits, has practical utility and about which a Party
    has adopted secret- keeping measures.
	 	 	 
	 	10.4	Both
    Parties that this provision shall survive notwithstanding the alteration, revocation or termination of this Agreement.

 

11.
AGENCY

 

The
Parties are independent contractors, and nothing in this Agreement shall be construed to constitute either Party to be the agent,
partner, legal representative, attorney or employee of the other Party for any purpose whatsoever. Neither Party shall have the
power of authority to bind the other Party except as specifically set out in this Agreement.

 

12.
INDEMNITIES

 

Management
services provided by ARC to Fanxi under this Agreement.

 

13.
GOVERNING LAW AND DISPUTE RESOLUTION

 

	 	13.1	Governing
    law. This Agreement shall be governed by, and construed in accordance with the laws of the state of Florida, US.

 

    	 	11	 

    	 

    
 

	 	13.2	Arbitration.
    Any dispute arising from, out of or in connection with this Agreement shall be settled through amicable negotiations between
    the Parties and/or arbitration in accordance with this Clause 10.2. Such negotiations shall begin immediately after one Party
    has delivered to the other Party a written request for such negotiation. If, within ninety (90) days following the date of
    such notice, the dispute cannot be settled through negotiations, the dispute shall, upon the request of either Party with
    notice to the other Party, be submitted to arbitration by American Arbitration Association International Center for Dispute
    Resolution (the TAC). The Parties shall jointly appoint a qualified interpreter for the arbitration proceeding if necessary
    and shall be responsible for sharing in equal portions the expenses incurred by such appointment. The arbitration proceeding
    shall take place in the US. The outcome of the arbitration shall be final and binding and enforceable upon the Parties.
	 	 	 
	 	13.3	Number
    and appointment of arbitrators. There shall be three (3) arbitrators. ARC and Fanxi shall
    each appoint one (1) arbitrator and both arbitrators shall be appointed within thirty (30) days after giving or receiving
    the demand for arbitration. The chairman of the TAC shall appoint the third arbitrator. If a Party does not appoint an arbitrator
    within thirty (30) days after giving or receiving the demand for arbitration, the relevant appointment shall be made by the
    chairman of the TAC.
	 	 	 
	 	13.4	Arbitration
    rules. Unless otherwise provided by the arbitration rules of TAC. The arbitration tribunal shall apply the arbitration rules
    of the TAC.
	 	 	 
	 	13.5	Cooperation
    and disclosure. Each Party shall cooperate with the other Party in making full disclosure of and providing complete access
    to all information and documents requested by the other Party in connection with such proceedings, subject only yo any confidentiality
    obligations binding on such Parties.
	 	 	 
	 	13.6	Jurisdiction.
    Award rendered by the arbitration may be entered into by any court having jurisdiction, or application may be made to such
    court for a judicial recognition of the judgment or any order of enforcement thereof.
	 	 	 
	 	13.7	Continuing
    obligations. During the period when the relevant dispute is being resolved, the Parties shall continue their implementation
    of the rest part of this Agreement other than the relevant dispute being resolved.

 

14.
ASSIGNMENT

 

No
part of this Agreement shall be assigned or transferred by either Party without the prior written consent of the other Party.
Any such assignment or transfer shall be void. ARC, however, may assign its rights and obligations hereunder to any
of its Affiliates without Fanxi’s consent.

 

    	 	12	 

    	 

    
 

15.
NOTICE

 

Notice
or other communications required to be given by any Party agreement pursuant to this Agreement shall be written in English and
delivered personally or sent by registered mail or by a recognized courier service or by facsimile transmission to the address
of the relevant Party set forth below. The date when the notice is deemed to be duly served shall be determined as the follows:
(a) a notice delivered personally is deemed duly served upon the delivery; (b) a notice sent by mail is deemed duly served the
third (3rd) day after the date; and (c) a notice sent by facsimile transmission is deemed duly served upon the time shown on the
transmission confirmation of relevant documents.

 

To ARC

 

Address:
8804 SW 206th LN, Cutler Bay

33189
Miami

Florida

USA

Attn:
Carlos López Martínez

 

To Fanxi

 

Address:
Room 503, 121 Xuan Hua Road

Shanghai
200050

China

PRC
Attn: Xiaoyue Zhang

 

16.
MISCELLANEOUS

 

	 	16.1	The
    failure or delay in exercising a right or remedy under this Agreement shall not constitute as a waiver of the right or remedy,
    and no single or partial exercise of any right or remedy under this Agreement shall prevent any further exercise of the right
    or remedy.
	 	 	 
	 	16.2	Should
    any clause or any part of any clause contained in this Agreement be declared invalid, illegal or unenforceable for any reason
    whatsoever, all other clauses or parts of clauses contained in this Agreement shall remain in full force and effect.
	 	 	 
	 	16.3	This
    Agreement constitutes the entire agreement between the Parties relating to the subject matter of this Agreement and supersedes
    all previous agreements.
	 	 	 
	 	16.4	No
    amendment or variation of this Agreement shall be valid unless it is in writing and executed by the Parties or their respective
    authorized representative.
	 	 	 
	 	16.5	This
    Agreement shall be executed in two (2) originals in English, which shall be equally valid. Each Party retains one (1) original.

 

    	 	13	 

    	 

    
 

[Signature
Page]

 

IN
WITNESS THEREOF this Agreement is duly exercised by each Party on the date first set forth above.

 

ARC
Lifestyle Group, Inc. (“ARC”)

 

	/s/
    Carlos Lopez Martinez	 
	Name:
    Carlos Lopez Martinez	 
	Title:
    CEO and President	 

 

Shanghai
Fan Xi Commerce Co., LTD (“Fanxi”)

 

	/s/
    Xiaoyue Zhang	 
	Name:
    Xiaoyue Zhang	 
	Title:
    CEO and President	 

 

Signature
Page to Management Service Agreement

 

 

    	 	14MASTER
LICENSE AGREEMENT 

 

 

This
Agreement is made by and between Sergio Camarero Blanco, (together "SC") and Arc Lifestyle Group, whose place of business
is Miami either directly or through a company controlled by it, (together "ARC"). 

 

RECITALS

 

WHEREAS,
SC is in the business of selling and distributing branded wines from Spain, specially the brands “Alma”, “Lynus”
and “Pagos del Infante” from “Lynus Viñedos y Bodegas” winery.

 

WHEREAS,
ARC is or intends to be in the business of providing the same set of services as SC within the regions of North America and Asia
Pacific; and

 

WHEREAS,
ARC and SC wish to enter into a relationship that will promote the products, brand name of “Lynus Viñedos y Bodegas”
in the North America and Asia Pacific marketplace in exchange for certain compensation. Specifically, ARC wishes to purchase a
master license under the terms and conditions of this agreement to promote and sell such brands and products.

 

NOW,
THEREFORE, in consideration of the mutual covenants and agreements set forth in this document, the Parties agree as follows:

 

		1.	Licensed
                                         Territory:

The
Licensed territory means North America and Asia Pacific.

 

		2.	License:

In
exchange for paying license fees under this Agreement, SC grants to ARC an exclusive license (“Lynus License”) to
use “Lynus Viñedos y Bodegas” brand name, logo, and certain business process knowledge it possesses under this
Agreement all of which together constitutes the “Lynus Viñedos y Bodegas Brand”, for an initial one-year period
(“License Period”). SC represents and warrants that it has the rights to license all “Lynus Viñedos y
Bodegas” Brands provided under this Agreement. The “Lynus Viñedos y Bodegas” Brand is licensed only for
use in the Licensed Territory.

 

		3.	What
                                         SC will do:

		a.	SC
                                         will send copies of the “Lynus Viñedos y Bodegas” Brand and related
                                         documentation to [ARC], and after [ARC] pays the license fees, SC will authorize [ARC]
                                         to use the “Lynus Viñedos y Bodegas” Brand for the full license period
                                         as set forth in this Agreement, and

		b.	SC
                                         will help [ARC] implement the use of the “Lynus Viñedos y Bodegas”
                                         Brand, and

		c.	SC
                                         will represent [ARC] as a Master License holder for the Licensed Territory on it’s
                                         website and in its sales, marketing, and operational literature, and

		d.	As
                                         the “Lynus Viñedos y Bodegas” Brand components as identified are enhanced
                                         or modified, SC will send the applicable updates to [ARC] at no additional charge for
                                         the license period as set forth in this Agreement. SC reserves the right to determine
                                         the nature and scope of such updates.

    	 	1	 

    	 

    

		e.	SC
                                         warrants that it has the right to license the “Lynus Viñedos y Bodegas”
                                         Brand. SC further warrants that so far as it is aware, the “Lynus Viñedos
                                         y Bodegas” Brand does not infringe the rights of any third party, but makes no
                                         further warranty in that respect. These warranties are in lieu of any other warranties,
                                         express or implied, including but not limited to any implied warranties of merchantability
                                         and/or fitness for a particular purpose.

		f.	SC
                                         shall defend or, at its option, settle any claim or proceeding brought against [ARC]
                                         to the extent that it is based on an assertion that the materials provided hereunder
                                         constitute an infringement of any United States patent or copyright, provided that [ARC]
                                         notifies SC promptly and in not more than 30 days in writing of any such claim or proceeding
                                         and gives SC full and complete authority, information, and assistance to defend such
                                         claim or proceeding, and further provided that [arc] gives SC sole control of the defense
                                         of any such claim or proceeding and all negotiations for its compromise or settlement.

 

		4.	What
                                         [ARC] will do:

		a.	[ARC]
                                         will take all reasonable steps to promote, operate and expand elements of its business
                                         under the “Lynus Viñedos y Bodegas” Brand

		b.	As
                                         consideration under this Agreement, [ARC] will;
	 	 	i.	Purchase
                              the “Lynus License” for the Term and pay to SC an initial fee of $25,000, for the master
                              license during the Term (the”License Fee”), and
	 	 	ii.	Pay to SC
                              an annual royalty of 1% of sales consummated under the “Lynus Viñedos Y Bodegas”
                              Brand (“Royalty”).

		c.	As
                                         an obligation under the “Lynus License”, [ARC] commits to i.) promote and
                                         provide sales channels for the “Lynus Viñedos y Bodegas” Brand in
                                         the Licensed Territory over the License Period through its means or that of any subsidiaries
                                         or affiliates during the Term

		d.	[ARC]
                                         agrees that payment shall be made in the form of a twelve-month convertible note (the’Note’),
                                         with principal and interest due at maturity. The Note may be converted into equity of
                                         [ARC] at any time beginning 12 months from date of this Agreement.

		e.	[ARC]
                                         acknowledges that all copyright and other intellectual property rights whatsoever in
                                         the “Lynus Viñedos y Bodegas” Brand and associated documentation are
                                         and shall remain the property of SC absolutely and that [ARC]'s only rights in relation
                                         to the “Lynus Viñedos y Bodegas” Brand are a non-transferable license
                                         to use the “Lynus Viñedos y Bodegas” Brand subject to and in accordance
                                         with the terms of this Agreement.

		f.	[ARC]
                                         shall take all reasonable measures to ensure that the “Lynus Viñedos y Bodegas”
                                         Brand and associated documentation and any copies of the “Lynus Viñedos
                                         y Bodegas” Brand or documentation do not leave its possession or control whether
                                         by loan, theft or otherwise. [ARC]'s obligations under this paragraph shall survive any
                                         termination or expiration of this Agreement.

    	 	2	 

    	 

    
		g.	[ARC]
                                         acknowledges that “Lynus Viñedos y Bodegas” Brand is licensed only
                                         for use in the Territory. Use in any other country, requires a separate Agreement.

		h.	[ARC]
                                         will designate individuals who will be responsible for use of the “Lynus Viñedos
                                         y Bodegas” Brand and shall maintain active contact details for SC’s communication
                                         purposes with such individuals

		i.	[ARC]
                                         will explain the terms of this Agreement to those affected by it.

		j.	[ARC]
                                         shall maintain its business in good standing in the Territory at all times.

		5.	General
                                         license terms:

		a.	Limitations
                                         of Liability: [ARC] AGREES THAT THE LIABILITY OF SC TO [ARC] BASED ON THIS AGREEMENT,
                                         EXCLUDING LIABILITY FOR COPYRIGHT, PATENT, OR TRADE SECRET VIOLATIONS UNDER THIS AGREEMENT,
                                         WILL NOT EXCEED [ARC]'S CURRENT-YEAR LICENSE FEES PAID. IN NO EVENT SHALL SC BE LIABLE
                                         FOR SPECIAL OR CONSEQUENTIAL DAMAGES ARISING FROM OR IN CONNECTION WITH THE PERFORMANCE
                                         BY SC HEREUNDER. NO OBLIGATION OR LIABILITY, EXCEPT IN THE EVENT OF NEGLIGENCE OR INTENTIONAL
                                         WRONGDOING BY SC, SHALL ARISE FROM ANY RENDERING OF TECHNICAL OR OTHER ADVICE OR SERVICE
                                         BY SC IN CONNECTION WITH THIS AGREEMENT.

		b.	Any
                                         “Lynus Viñedos y Bodegas” Brand licensed under this Agreement may
                                         be renewed for additional Terms if SC and [ARC] mutually agree in writing. License fees
                                         for any additional periods may differ. SC will issue license renewal invoices approximately
                                         60 days in advance of the current license termination date. Payment of the renewal invoice
                                         constitutes renewal of this agreement. Non-payment of the renewal invoice constitutes
                                         cancellation of this agreement.

		c.	So
                                         long as all fees due and payable to SC have been made as agreed, [ARC] may cancel this
                                         Agreement at any time for any reason, and no refunds will be issued.

		d.	SC
                                         may suspend or cancel this Agreement and take other action if it believes [ARC] has not
                                         complied with this Agreement.

		e.	This
                                         Agreement, its supplements, and invoices arising under it for “Lynus Viñedos
                                         y Bodegas” Brand constitute the complete and exclusive statement between the parties,
                                         and supersedes all prior communications relating to the subject matter of this Agreement.

 

		6.	Termination
                                         in Good Terms

In
case of cancellation of this agreement for whatever reason, [ARC] will remove the “Lynus Viñedos y Bodegas”
Brand from [ARC]’s website and all marketing materials; communicate in writing that the “Lynus Viñedos y Bodegas”
Brand has been removed; and return all materials including all “Lynus Viñedos y Bodegas” Brand user documentation
to SC. In case of cancellation of this agreement for whatever reason including but not limited to completion of its terms or conditions
or by breach, SC and [ARC] agree that neither party will pursue charges against the other party.

 

		7.	No
                                         Agency

Nothing
in this agreement shall give either party any right to act on behalf of or otherwise bind the other in any matter not specifically
contained in this Agreement or in any Amendment made in writing.

    	 	3	 

    	 

    

 

		8.	Term

This
Agreement is for an initial period of two years from the date of first signing.

 

		9.	Binding
                                         Agreement

This
Agreement is binding upon the parties.

 

 

This
Agreement can be modified only in writing signed by both parties.

 

IN
WITNESS WHEREOF, the parties hereby acknowledge and accept the terms and conditions of this Master License Agreement.

 

 

 

Signed
for and on behalf of Sergio Camarero Blanco.

	 	 	 
	/s/ Sergio Camarero Blanco 	 	 
	Name: Sergio Camarero Blanco	 	Date: 25th May, 2015
	 	 	 

Signed
for and on behalf of [ARC]

	 /s/ Carlos López Martínez	 	 
	Name: Carlos López Martínez	 	Date: 25th May, 2015
	 	 	 

 

 

    	 	4

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