Document:

Exhibit 10.2

 

MANAGEMENT AND CONSULTING SERVICES
AGREEMENT

 

This MANAGEMENT AND
CONSULTING SERVICES AGREEMENT (“Agreement”) is entered into as of February 16, 2016 (the “Effective
Date”), by and between the following (each a “Party” and together the “Parties”):

 

(i)
Party A: Anhui Avi-Trip Technology Co., Ltd, a limited liability company registered in the People’s Republic of
China; and

 

(ii) Party
B: Jie Run Consulting Management Co., Ltd, a limited liability company registered in Anhui province of the
People’s Republic of China.

 

Capitalized terms
not otherwise defined have the meanings assigned to them in Appendix A to this Agreement, which is incorporated and made a part
hereof by reference.

 

RECITALS

 

This Agreement is
entered into the reference to the following facts:

 

A.Party A is
a limited liability company organized under the laws of the People’s Republic of China. Party A is 100% owned by Jie WeiWei
and Han Yanliang (the “Shareholder”). Party A is engaged in on-line sales of electronic products, daily
necessities, investment industrial projects, sales agents of air tickets, train tickets and admission tickets, software development
and sales, gift sales, hotel reservation service, car rental service, network technology development (not including internet connection
services), domestic trade, import and export of goods and technology service industry in the People’s Republic of China (together
with any expansion, contraction or other change to the scope of that business as contemplated by this Agreement, the “Business”).

 

B.Party B is
a wholly foreign-owned enterprise organized under the laws of the People’s Republic of China. Party B is 100% owned by Tianhe
Group (HK) Limited.

 

C.Party B has
executive and financial management experience and capability relevant to the Business.

 

     

     

    

 

D.Party B agreed
to provide management and consulting services to Party A upon request, in connection with operation of the Business. The Parties
now desire to memorialize the terms and conditions pursuant to which those services have been and/or will be provided by Party
B to Party A, and pursuant to which Party A will compensate Party B therefor.

 

NOW, THEREFORE,
in consideration for the mutual covenants and promises contained herein, and for other good and valuable consideration, the receipt
and sufficiency of which is acknowledged by the Parties, and through friendly consultation under the principle of equality and
mutual benefits, in accordance with the relevant laws and regulations of the People’s Republic of China, the Parties agree
as follows:

 

AGREEMENT

 

 1. Management and Consulting Services; Work Orders.

 

(a)During
the Term of this Agreement, Party A may deliver one or more written work orders (each a “Work Order”)
to Party B requesting Party B to provide management and/or consulting services (the “Services”) to Party
A. Unless otherwise agreed between the Parties, the Services described in each Work Order must be within the scope of services
described in Appendix B.

 

(b)Party
B will provide the Services described in each Work Order directly and/or through providing to Party A executive, technical, administrative
and financial management personnel in sufficient numbers and with expertise and experience appropriate to provide the Services.

 

(c)Party
A will take all commercially reasonable actions to permit and facilitate the provision of the Services by Party B and accept those
Services. Party B is required to provide only those Services which are the subject of a Work Order.

 

 2. Services Fee.

 

(a)Aggregate
Services Fee. As compensation for providing the Services. Party B will be entitled to receive and aggregate fee (the “Services
Fee”), upon demand but only upon demand, equal to up to [one hundred percent (100%)] of the Aggregate Net Profit
of Party A during the Term of this Agreement.

 

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(b)Calculation
and Payment of Services Fee. Promptly after receipt of each Work Order, Party B will notify Party A in writing of the amount
of the fee for such Services, which amount will be due and payable within sixty (60) days after written demand therefor. The aggregate
fees charged by Party B for Services performed pursuant to Work Orders may not exceed the Aggregate Net Profit of Party A.

 

(c)Excess
Capacity Payment. The parties acknowledge that Party B must retain capacity at all times sufficient to provide Services
in response to Work Orders received from Party A. Such Services may not be otherwise employed during the Term of this Agreement.
The Parties therefore agree that periodically, upon periodic written demand from Party B, Party A will pay to Party B up to the
entire amount of Party A’s Aggregate Net Profit not previously earned pursuant to a Work Order, in consideration for Party
B’s maintenance of resources adequate to respond to requests for Services from Party A.

 

(d)Disputes.
Any dispute between the Parties concerning and calculation or payment under Section 2 will be resolved pursuant
to the dispute resolution provisions of Section 19.

 

3. Ad Hoc
Payment. The Parties acknowledge that in order to provide the Services under the Agreement, Party B may incur
expenses and costs from time to time, and the Parties further agree that Party B from time to time may request an ad hoc
payment from Party A, and such payment may be credited against Services Fees payable in the future.

 

4.
Obligation to Reimburse Net Losses. In consideration for its right to receive the Aggregate Net Profit of Party A as
provided in Section 2, Party B will reimburse to Party A the full amount of any Net Losses incurred by Party A during
the Term of this Agreement. Net Losses will be calculated annually and paid by Party B to Party A no later than the last day
of the first quarter following the end of each calendar year. Any dispute between the Parties concerning any calculation or
payment under this Section 4 will be resolved pursuant to the dispute resolution provisions of Section 19.

 

5.
Advances Against Net Losses. From time to time, in its sole discretion, Party B may advance to Party A amounts to be
credited against Party B’s future obligations to reimburse Net Losses of Party A. Any such advances will be treated as
prepayments and not as loans. Party A will have no obligation to repay any such advances except by crediting the amount
thereof against Party B’s obligation to reimburse Net Losses, or by adding the amount thereof to Net Profit when and as
requested by Party B.

 

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6. Credit
for Amounts Paid Under Other Agreements. Party B and Party A are or may be parties to certain other agreements
(collectively, the “Business Cooperation Agreements”), some or all of which may require certain
payments to be made by Party A to Party B in consideration for services, equipment or other items of value provided by Party
B to Party A. The Parties agree that any and all such amounts may be separately paid by Party A to Party B and accordingly
counted as expenses of Party A, reducing Party A’s Net Profit; or included in the aggregate Net Profit of Party A and
not separately paid to Party B.

 

7.
Interest Penalty. If any amounts due and payable under this Agreement are not paid when due, interest will accumulate
on such amounts at the rate of four percent (4%) per annum until paid. This interest penalty may be reduced or waived by the
Party entitled to receive it in light of actual circumstances, including the reason for any delay in payment.

 

8.
Guarantees. To the extent and only to the extent permitted by applicable law, each Party agrees to act as a guarantor
of the indebtedness of the other, as and only as follows:

 

(a)Party
A will not incur any indebtedness to any Person not a party to this Agreement without the advance written consent of Party B. If
Party A incurs any indebtedness, Party B will act as a guarantor of that indebtedness.

 

(b)Party
B may, in the exercise of its reasonable business judgment, incur indebtedness to any Person not a party to this Agreement, provided
that any such indebtedness may only be in connection with the Business. If Party B incurs any indebtedness, Party A will act as
a guarantor of that indebtedness.

 

9.
Exclusivity. During the Term of this Agreement, Party A will not contract with any other Person to provide services
which are the same or similar to the Services, and Party B will not provide services which are the same or similar to the
Services to any other Person. For purposes of this Section 9 only, “Person” does not include any Affiliate
of either Party, including other educational entities that may become affiliated with either Party.

 

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10.
Operation of Business. During the Term of this Agreement:

 

		(a)	Party A will ensure that:

 

		(i)	the business of Party A, together with all business opportunities presented to or which become
available to Party A, will be treated as part of the Business covered by Services and this Agreement;

 

		(ii)	all cash of Party A will maintained in Company Bank Accounts or disposed of in accordance with
this Agreement; all business income, working capital, recovered accounts receivable, and any other funds which come into the possession
of Party A or are derived from or related to the operation of the business of Party A, are deposited into a Company Bank Account;

 

		(iii)	all accounts payable, employee compensation and other employment-related expenses, and any payments
in connection with the acquisition of any assets for the benefit of Party A or the satisfaction of any liabilities of Party A,
are paid from amounts maintained in Company Bank Accounts;

 

		(iv)	Party B or any third party designated by Party B will have full access to the financial records
of Party A and from time to time, Party B may request, at its sole option, to conduct an auditing with regard to the financial
status of Party A;

 

		(v)	ensure that a majority of the members of its board of directors are also members of the board of
directors of Party B; and

 

		(vi)	no action is taken without the prior written consent of Party B that that would have the effect
of entrusting all or any part of the business of Party A to any other Person.

 

		(b)	Party B will ensure that :

 

		(i)	it exercises with respect to the conduct of the Business the same level of care it exercises with
respect to the operation of its own business and will at all times act in accordance with its Reasonable Business Judgment, including
taking no action which it knows, or in the exercise of its Reasonable Business Judgment should have known, would materially adversely
affect the status of any of permits, licenses and approvals necessary for the conduct of the Business or constitute a violation
of the all Legal Requirement;

 

		(ii)	neither it, nor any of its agents or representatives, takes any action that interferes with, or
has the effect of interfering with, the operation of the Business in accordance with this Agreement, or which materially adversely
affects its assets, operations, business or prospects;

 

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		(iii)	use its Best Efforts to cooperate and assist Party B and Party A to maintain in effect all permits,
licenses and other authorizations and approvals necessary or appropriate to the conduct of the Business; and

 

		(iv)	use its Best Efforts to assist Party B and Party A to maintain positive and productive relations
with relevant Governmental Authorities and their representatives.

 

		(v)	a majority of the members of its board of directors are also members of the board of directors
of Party A; and

 

		(vi)	subject to the provisions of Section 13 relating to the Transition period, it will preserve
intact the business and operations of Party A and take no action which it knows, or in the exercise of its Reasonable Business
Judgment should have known, would materially adversely affect the business, operations, or prospects of Party A.

 

11.
Material Actions. The Parties acknowledge and agree that economic risk of the operation of the Business is being
substantially assumed by Party B and that the continued business success of Party A is necessary to permit the Parties to
realize the benefits of this Agreement and the other Business Cooperation Agreements, if any. During the Term of this
Agreement, the Parties therefore will ensure that Party A does not take any Material Action without the advance written
consent of Party B, which consent will not be unreasonably withheld or delayed.

 

12. Right
of First Refusal. Party A will ensure as follows: if the Shareholder proposes to Transfer to any other Person other
than Party B (the “Proposed Transferee”) all or any portion of the equity of Party A held by the
Shareholder (the ”Selling Shareholder”), the Selling Shareholder will first deliver to Party B a
written notice (the “Notice”) offering to Party B or its designees (s) all of the equity proposed
to be Transferred by the Shareholder, on terms and conditions no less favorable to Party B than those offered to the Proposed
Transferee. The Notice will include all relevant terms of the Proposed Transfer, and will be irrevocable for a period of
thirty (30) calendar days after its receipt by Party B. Party B will have the right and option, by written notice delivered
within thirty (30) calendar days after receipt of the Notice, to notify the Shareholder in writing of its acceptance of all
or any part of the equity so offered in the Notice, at the purchase price and on the terms stated in the Notice. If Party B
accepts the offer contained in the Notice, then the equity of Party A proposed to be Transferred will be Transferred to Party
B at the purchase price and on the terms stated in the Notice. If Party B is not able to accept the transferred equity of
Party A only due to the restrictions set forth by the effective PRC regulations, Party A shall not make the Proposed Transfer
to any third party without prior written approval from Party B.

 

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13.
Transition of Business to Party B; Future Expansion. At the sole discretion of Party B, during the Term of this
Agreement, Party B may transfer or cause to be transferred from Party A to Party B any part or all of the business,
personnel, assets and operations of Party A which may be lawfully conducted, employed, owned or operated by Party B (the
“Transition”), including any of the following:

 

(a)business
opportunities presented to, or available to Party A may be pursued and contracted for in the name of Party B rather than Party
A, and at its discretion Party B may employ the resources of Party A to secure such opportunities;

 

(b)any
tangible or intangible property of Party A, any contractual rights, any personnel, and any other items or things of value held
by Party A may be transferred to Party B at book value;

 

(c)real
property, personal or intangible property, personnel, services, equipment, supplies and any other items useful for the conduct
of the Business may be obtained by Party B by acquisition, lease, license or otherwise, and made available to Party A on terms
to be determined by agreement between Party B and Party A;

 

(d)contracts
entered into in the name of Party A may be transferred to Party B, or the work under such contracts may be subcontracted, in whole
or in part, to Party B, on terms to be determined by agreement between Party B and Party A; and

 

(e)any
change to, or any expansion or contraction of, the Business may be carried out in the exercise of the sole discretion of Party
B, and in the name of and at the expense of, Party B;

 

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Provided, however,
that none of the foregoing, and no other part of the Transition may cause or have the effect adversely affecting any license or
permit of Party A or terminating the regulatory status of Party A (which shall not be substantially replaced under the name of
Party B). Any of the activity contemplated by this Section 13 will be deemed part of the “Business.”

 

14.
Ownership of Intellectual Property. All Intellectual Property created by Party B in the course of providing the
Services will be the sole property of Party B and Party A will have no right to any ownership or use of such Intellectual
Property except as agreed upon by a separate written agreement between Party A and Party B.

 

15.
Representations and Warranties of Party A. Party A hereby makes the following representations and warranties for the
benefit of Party B:

 

(a)Corporate
Existence and Power. Party A is a limited liability company duly organized and validly existing under the laws of the PRC,
and has the legal or corporate power and all governmental licenses, authorizations, consents and approvals required to carry on
its business as now conducted and as currently contemplated to be conducted. Party A has never approved, or commenced any proceeding
or made any election contemplating, the dissolution or liquidation of Party A or the winding up or cessation of the business or
affairs of Party A.

 

(b)Authorization;
No Consent. Party A (i) has taken all necessary corporate and other actions to authorize its execution, delivery and performance
of this Agreement and all related documents and has the corporate and other power and authorization to execute, deliver and perform
this Agreement and the other related documents; (ii) has the absolute and unrestricted right, power, authority, and capacity to
execute and deliver this Agreement and the other related documents and to perform its obligations under this Agreement and other
related documents; (iii) is not required to give any notice to or obtain any Consent from any Person in connection with the execution
and delivery of this Agreement or the consummation or performance of any of the transactions or actions contemplated by any of
the Business Cooperation Agreements, except for any notices that have been duly given or Consents that have been duly obtained;
and (iv) holds all the governmental authorizations necessary to permit it to lawfully conduct and operate its business in the manner
it currently conducts and operates such business and to permit Party A to own and use its assets in the manner in which it currently
owns and uses such assets. To the best knowledge of Party A, there is no basis for any governmental authority to withdraw, cancel
or cease in any manner any of such governmental authorizations.

 

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(c)No
Conflicts. The execution and perform of this Agreement by Party A will not contravene, conflict with, or result in violation
of (i) any provision of the organizational documents of Party A; (ii) resolution adopted by the board of directors or the equity
holders of Party A; and (iii) any laws and regulations to which Party A or the transactions and relationships contemplated in this
Agreement and the Business Cooperation Agreement are subject.

 

16.
Representations and Warranties of Party B. Party B hereby makes the following representations and warranties for the
benefit of Party A:

 

 (a) Corporate Existence and Power. Party B (i) is a limited liability company duly organized and validly existing under the laws of Hong Kang, and has all corporate power and all governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted and as currently contemplated to be conducted; and (ii) has not ever approved, or commenced any proceeding or made any election contemplating, the dissolution or liquidation of Party B or the winding up or cessation of the business or affairs of Party B.

 

 (b) Authorization; No Consent. Party B (i) has taken all necessary corporate actions to authorize its execution, delivery and performance of this Agreement and all related documents and has the corporate power and authorization to execute, deliver and perform this Agreement and the other related documents; (ii) has the absolute and unrestricted right, power, authority, and capacity to execute and deliver this Agreement and the other related documents and to perform its obligations under this Agreement and the other related documents; (iii) is not required to give any notice to or obtain any Consent from any Person in connection with the execution and delivery of this Agreement or the consummation or performance of any of the Business Cooperation Agreements, except for any notices that have been duly given or Consents that have been duly obtained; and (iv) has all the governmental authorizations necessary to permit Party B to lawfully conduct and operate its business in the manner it currently conducts and operates such business and to permit Party B to own and use its assets in the manner in which it currently owns and uses such assets. To the best knowledge of Party B, there is no basis for any governmental authority to withdraw, cancel or cease in any manner any of such governmental authorizations.

 

 (c) No Conflicts. The execution and perform of this Agreement by Party B will not contravene, conflict with, or result in violation of (i) any provision of the organizational documents of Party B; (ii) any resolution adopted by the board of directors or the equity holder of Party B; and (iii) any laws and regulations to which Party B or the transactions and relationships contemplated in this Agreement and the Business Cooperation Agreements are subject.

 

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17.
Liability for Breach; Indemnification and Hold Harmless. Each of the Parties will be liable to the other Party for
any damage or loss caused by such Party’s breach of this Agreement. Party A will indemnify and hold harmless Party B
from and against any claims, losses or damages unless caused by breach by Party B of its obligations under this Agreement or
by the willful, reckless or illegal conduct of Party B. Party B will indemnify and hold harmless Party A from and against any
claims, losses or damages caused by any breach by Party A of its obligations under this Agreement or by the willful, reckless
or illegal conduct of Party A.

 

18.
Liquidated Damages. Party A acknowledges and agrees that Party B will be incurring significant expense in order to
fulfill its obligations under this Agreement. Party A further acknowledges that breach of this Agreement by it would cause
Party B and Party B’s stockholders significant damages and perhaps the complete cessation of Party B’s business.
Since the exact amount of such damages would be extremely difficult, if not impossible to calculate, Party A agrees that in
the event of the material breach by it of this Agreement, which breach has not been cured within sixty (60) days of receipt
of notice from Party B of such material breach and a description of such breach, Party A will be obligated to pay to Party B
liquidated damages in an amount equal to the greater of (a) eight (8) times the annualized revenues of Party B for the last
completed fiscal quarter, or (b) US$50 million.

 

19.
Dispute Resolution.

 

 (a) Friendly Consultations. Any and all disputes, controversies or claims arising out of or relating to the interpretation or implementation of this Agreement, or the breach hereof or relationships created hereby, will be settled through friendly consultations.

 

 (b) Arbitration. If any such dispute is not resolved through friendly consultations within sixty (60) days from the date a Party gives the other Parties written notice of a dispute, then it will be resolved exclusively by arbitration under the auspices of and in accordance with the Arbitration Rules of China International Economic and Trade Arbitration Commission (“CIETAC”) and will be submitted to CIETAC Shanghai Brach. The arbitration award will be final and binding on both Parties and will not be subject to any appeal, and the Parties agree to be bound thereby and to act accordingly.

 

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 (c) Continuation of Agreement. It is not necessary for any Party to declare a breach of this Agreement in order to proceed with the dispute resolution process set out in this Section 19. Unless and until this Agreement is terminated pursuant to Section 20, this Agreement will continue in effect during the pendency of any discussions or arbitration under this Section 19.

 

20. Term. This
Agreement is effective as of the date first set forth above, and will continue in effect for a period of twenty (20) years
(the “Initial Term”), and for succeeding periods of the same duration (each,
“Subsequent Term”), until terminated by one of the following means either during the Initial Term
or thereafter. The period during which this Agreement is effective is referred to as the
“Term”.

 

21. Mutual
Consent. This Agreement may be terminated at any time by the mutual consent of the Parties, evidenced by an agreement
in writing signed by both Parties.

 

22.
Termination by Party B. This Agreement may be terminated by Party B (upon written notice delivered to Party A no
later than ten (10) calendar days before the expiration of the Initial Term or any Subsequent Term; or at any time by upon
ninety (90) calendar days’ written notice delivered to Party A.

 

23. Breach
or Insolvency. Either of Party A or Party B may terminate this Agreement immediately (a) upon the material breach by
the other of its obligations hereunder and the failure of such Party to cure such breach within thirty (30) working days
after written notice from the non-breaching Party; or (b) upon the filing of a voluntary or involuntary petition in
bankruptcy by the other or of which the other is the subject, or the insolvency of the other, or the commencement of any
proceedings placing the other in receivership, or of any assignment by the other for the benefit of creditors.

 

24.
Consequences of Termination. Upon any effective date of any termination of this Agreement: Party B will instruct all
management personnel identified or provided by it to Party A to cease working for Party A; Party B will deliver to Party A
all chops and seals of Party A; Party B will deliver to Party A, or grant to Party A unrestricted access to and control of,
all of the financial and other books and records of arty A, including any and all permits, licenses, certificates and other
proprietary and operational documents and instruments; Party B will cooperate fully in the replacement of any signatories or
persons authorized to act on behalf of Party A with persons appointed by Party A; and any licenses granted by Party B to
Party A during the Term will terminate unless otherwise agreed by the Parties.

 

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25.
Survival. The provisions of Section 17 (Indemnification; Hold Harmless); Section 18
(Liquidated Damages), Section 19 (Dispute Resolution), Section 24 (Consequences of
Termination), and Section 26 (Miscellaneous) will survive any termination of this Agreement. Any amounts
owing from any Party to any other Party on the effective date of any termination under the terms of this Agreement will
continue to be due and owing despite such termination.

 

26.
Miscellaneous.

 

(a)Headings
and Gender. The heading of Sections in this Agreement are provided for convenience only and will not affect its construction
or interpretation. All references to “Section” or “Sections” refer to the corresponding Section or Sections
of this Agreement. All words used in this Agreement will be construed to be of such gender or number as the circumstances require.
Unless otherwise expressly provided, the word “including” does not limit the preceding words or terms.

 

(b)Usage.
The words “include” and “including” will be read to include “without limitation.”

 

(c)Severability.
Whenever possible each provision and term of this Agreement will be interpreted in a manner to be effective and valid but
if any provision or term of this Agreement is held to be prohibited by or invalid, then such provision or tem will be ineffective
only to the extent of such prohibition or invalidity, without invalidating or affecting in any manner whatsoever the remainder
of such provision or term or the remaining provisions or terms of this Agreement. If any of the covenants set forth in this Agreement
are held to be unreasonable, arbitrary, or against public policy, such covenants will be considered divisible with respect to scope,
time and geographic area, and in such lesser scope, time and geographic area, will be effective, binding and enforceable against
the Parties.

 

(d)Waiver.
No failure or delay by any Party to exercise any right, power or remedy under this Agreement will operate as a waiver of
any such right , power or remedy.

 

(e)Integration.
This Agreement and the other Business Cooperation Agreements supersede any and all prior discussions and agreements (written
or oral) between the Parties with respect to the exclusive cooperation arrangement and other matters contained herein.

 

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(f)Assignments,
Successors, and No Third-Party Rights. No Party may assign any of its rights under this Agreement without the prior consent
of the other Parties, which will not be unreasonably withheld. Subject to the preceding sentence, this Agreement will apply to,
be binding in all respects upon, and inure to the benefit of the successors and permitted assigns of the Parties. Nothing expressed
or referred to in this Agreement will be construed to give an Person other than the Parties to this Agreement any legal or equitable
right, remedy, or claim under or with respect to this Agreement or any provision of this Agreement. This Agreement and all of its
provisions and conditions are for the sole and exclusive benefit of the Parties to this Agreement and their successors and assigns.

 

(g)Notice.
All notices, requests, demands, claims, and other communications under this Agreement will be in writing. Any Party may
send any notice, request, demand, claim, and other communication under this Agreement to the intended recipient at the address
set forth on the signature page of this Agreement by any means (including personal delivery, expedited courier, messenger service,
telecopy, telex, ordinary mail, or electronic mail), but no such notice, request, demand, claim, or other communication will be
deemed to have been duly given unless and until it actually is received by the intended recipient. Refusal by Party to accept notice
that is validly given under this Agreement will be deemed to have been received by such Party upon receipt. Any Party any change
the address to which notices, requests, demands, claims and other communications under this Agreement are to be delivered by giving
the other Parties notice in the manner herein set forth. Any notice, request, demand, claim, or other communication under this
Agreement will be addressed to the intended recipient as set forth on the signature page hereto.

 

(h)Further
Assurances. Each of the Parties will use its best efforts to take all action and to do all things necessary, proper, or
advisable in order to consummate and make effective the transactions contemplated by this Agreement.

 

(i)Governing
Law. This Agreement will be construed, and the rights and obligations under this Agreement determined, in accordance with
the laws of the PRC, without regard to the principles of conflict of laws thereunder.

 

(j)Amendment.
This Agreement may not be amended, altered or modified except by a subsequent written document signed by all Parties.

 

(k)Language.
This Agreement is written in both Chinese and English, and both versions are equally authentic.

 

(l)Counterparts.
This Agreement may be executed in any number of counterparts. When each Party has signed and delivered to the other Party
at least one such counterpart, each of the counterparts will constitute one and the same instrument.

 

[Signature Page Follows]

 

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APPENDIX A

 

Definitions

 

For purposes of that certain Services
Agreement to which this is Appendix A, the following terms have the meanings set forth below:

 

“Affiliate” means, with
respect to any Person, any of (a)a director, officer or stockholder holding 5% or more of the equity or capital stock(on a fully
diluted basis)of such Person,(b)a spouse, parent, sibling or descendant of such Person(or a spouse, parent, sibling or descendant
of any director or officer of such Person) and (c)any other Person that, directly or indirectly through one or more intermediaries
,controls, or is controlled by , or is under common control with, another such Person. The term “control” includes
,without limitation, the possession, directly or indirectly, of the power to direct the management and policies of a Person, whether
through the ownership of voting securities, by contract or otherwise.

 

“Aggregate Net Profit” means
the aggregate Net Profit of Party A for the period commencing on the Effective Date and continuing through the date on which Aggregate
Net Profit is calculated.

 

“Best Efforts” means the
efforts that a prudent Person desiring to achieve particular result would use in order to ensure that such result is achieved as
expeditiously as possible.

 

“Business” is defined in
the Recitals.

 

“Business Cooperation Agreements”
means any other agreements entered into between the Parties with respect to the operation of the Business or the carrying out of
the transactions contemplated by this Agreement.

 

“Company Bank Accounts”
means all accounts maintained or held in name of Party A at or with ant bank or other financial institution, whether existing on
the date of this Agreement or established in the future.

 

“Consent” means any approval
consent, ratification, permission, waiver or authorization, including any of the foregoing issued or granted by any Governmental
Authority.

 

     

     

    

 

“governmental Authority”
means any nation or government or any province or state any other political subdivision thereof; any entity, authority or body
exercising executive, legislative, judicial, regulatory or administrative functions of pertaining to government, including any
government authority, agency, department, board, commission or instrumentality of the People’s Republic of China or any political
subdivision thereof; any court, tribunal or arbitrator; and any self regulatory organization.

 

“Intellectual Property”
means any patent, patent application, trademark (whether registered or unregistered and whether or not relating to a published
work),trademark application, trade name, fictitious business name, service mark(whether registered or unregistered),service mark
application, copyright(whether registered or unregistered),copyright application, mask work, mask work application, trade secret,
know how, franchise, system, computer software, invention, design, blueprint, proprietary product, technology, proprietary right,
and improvement on or to any foregoing, or any other intellectual property right or intangible asset.

 

“Law” means all applicable
provisions of all (a) constitutions, treaties, statutes, laws (including the common law), codes rules, regulations , ordinances
or orders of any Governmental Authority, (b)governmental approvals and (c)orders, injunctions, judgments, awards and decrees of
or agreements with any Governmental Authority.

 

“Legal Requirement” means
any national (or federal), provincial, state, local, municipal, foreign or other constitution, law, statute, legislation, constitution,
principle of common law, resolution, ordinance, code edict, decree, proclamation, treaty, convention, rule, regulation, ruling,
directive, pronouncement, requirement, specification, determination, decision, opinion or interpretation issued, enacted, adopted,
passed, approved, promulgated, made, implemented or otherwise put into effect by or under the authority of any Governmental Authority.

 

“Lien” means any mortgage,
pledge, deed of trust, hypothecation, right of others, claim, security interest, encumbrance, burden, title defect, title retention
agreement, lease, sublease, license, occupancy agreement, easement, covenant, condition, encroachment, voting trust agreement,
interest, option, right of first offer, negotiation or refusal, proxy, lien, charge or other restrictions or limitations of any
nature whatsoever, including but not limited to such liens as may arise under any contract.

 

“Services” is defined in
Section 1.

 

“Services Fee” is defined
in Section 2.

 

“Material Action” means
any of the actions set forth in Appendix C.

 

“Net Losses” means the net
losses of Party A, calculated as follows : if the result of the calculation of Net Profit is a negative number, that number will
be the “Net Losses” of Party A.

 

     

     

    

 

“Net Profit” means the net
profit of Party A for the period immediately preceding the date for calculation of Net Profit set out in this Agreement, calculated
as follows : Revenue, less Costs, Accrued Expenses, Taxes accrued or paid, and Fixed Revenue. In addition, the following terms
have the meanings set forth below, each with reference to the same period:

 

(a)“Revenue”
means all the revenue or income actually accrued by Party A arising out of or connected to the conduct of the Business:

 

(b)“Costs”
means all costs required for the conduct of the Business actually accrued by Party A;

 

(c)“Accrued
Expenses” means the amount which must be accrued by Party A according to applicable Legal Requirements in connection with
employee health and welfare, mandatory development funds, and the like;

 

(d)“Taxes”
is defined in this Appendix A; and

 

(e)“Fixed
Revenue” means the amount which must be paid by Party A to Sichuan International Studies University.

 

“Person” means an individual,
a corporation, a partnership, an association, a trust or other entity or organization, including a government or political subdivision
or an agency or instrumentality thereof.

 

“Reasonable Business Judgment”
means a judgment reached in good faith and in the exercise of reasonable care.

 

“Shareholder” is defined
in Recitals.

 

“Taxes” means with respect
to any Person, (a) all income taxes (including any tax on or based upon net income, gross income as specially defined, earnings,
profits or selected items of income earnings or profits) and all gross receipts, sales, use ,ad, valorem, transfer, franchise,
license, withholding, payroll, employment, excise, severance, stamp, occupation, premium, property or windfall profits taxes, alternative
or add-on minimum taxes, customs duties and other taxes, fees, assessments or charges of any kind whatsoever, together with all
interest and penalties, additions to tax and other additional amounts imposed by any taxing authority (domestic or foreign) on
such Person (if any) and (b)any liability for the payment of any amount of the described in the clause (a) above as a result of
being a “transferee” of another entity or a member of an affiliated or combined group, and “Tax” will have
the correlative meaning.

 

“Tax Return” means any return
(including any information return) report, statement, declaration, estimate, schedule, notice, notification, form, election, certificate
or other document or information that is, has been or may in the future be filed with or submitted to, or required to be filed
with or submitted to any Governmental Body in connection with the determination, assessment collection or payment of any tax or
in connection with the administration implementation or enforcement of or compliance or compliance with any Legal Requirement relating
to any Tax.

 

“Term” is defined in Section
20.

 

“Transfer” means directly
or indirectly, to sell, assign, transfer, pledge, bequeath, hypothecate, mortgage, grant any proxy with respect to, or in any other
way encumber or otherwise dispose of.

 

“Transition” is defined
in Section 13.

 

     

     

    

 

APPENDIX B

 

Services

 

For purposes of that certain Services
Agreement to which this is Appendix B, “Services” means the following;

 

General Services

 

“Services“ include the following
general Services relating to the operation of the Business except for those compulsively limited or prohibited by PRC laws and
regulations otherwise;

 

(a) All aspects
of the day-to-day operations of Party A, including its relationships with its customers, its performance under agreements or other
arrangements with any other parties, its compliance with applicable laws and regulations;

 

(b) The appointment,
hiring, compensation (including and bonuses, non-monetary

 

compensation, fringe and other benefits,
and equity-based compensation), firing and discipline of all employees, consultants, agents and other representatives of Party
A;

 

(c) Establishment,
maintenance, termination or elimination of any plan or other arrangement for the benefit of any employees, consultants, agents,
representatives or other personnel of Party A:

 

(d) Management,
control and authority over all accounts receivable, accounts payable and all funds and investments of Party A:

 

(e) Management,
control and authority over Party A Bank Accounts, in connection with which all seals and signatures will be those of personnel
appointed and confirmed by Party B:

 

(f) Any expenditure,
including any capital expenditure, of Party A;

 

(g) The entry into,
amendment or modification, or termination of any contract, Agreement and/or other arrangement to which Party A is, was, or would
become a party;

 

     

     

    

 

(h) The acquisition,
lease or license by Party A of any assets, supplies, real or personal property, or intellectual or other intangible property;

 

(i) The acquisition
of or entry into any joint venture or other arrangement by Party A with any other Person;

 

(j) Any borrowing
or assumption by Party A of any liability or obligation of any nature, or the subjection of any asset of Party A of any Lien;

 

(k) Any sale, lease,
license or other disposition of any asset owned, beneficially owned or controlled by Party A;

 

(l) Applying for,
renewing, and taking any action to maintain in effect, any permits, licenses or other authorizations and approvals necessary for
the operation of Party A 's business:

 

(m) The commencement,
prosecution or settlement by Party A of any litigation or other dispute with any other Person, through mediation ,arbitration,
lawsuit or appeal;

 

(n) The declaration
or payment of any dividend or other distribution of profits of Party A;

 

(o) The preparation
and filing of all Tax Returns, the payment or settlement of any and all Taxes, and the conduct of any proceedings with any Governmental
Authority with respect to any Taxes; and

 

(p) The carrying
out of the Transition, as defined in Section 13.

 

Specific Services

 

“Services” also includes
the following specific services relating to the operation of the Business:

 

(a) Marketing and Public Relationship

 

Service Content: Party
B will be in charge of, including but not limited to, engaging in publicizing Party A’s brand so as broaden Party A’s
influence; dealing the cooperation issues with the qualified third party for Party A’s interests.

 

     

     

    

 

(b) Establishment, Maintenance and Property
Management of Fixed Assets and Equipment.

 

Service Content: Party
B provides the services of establishment, maintenance and management for buildings owned and/or used by Party A; establishment,
repair. Maintenance, operation and management for the public equipment, devices owned and/or used by Party A; Party A’s public
environment sanitation, including buildings and public sites; management for traffic and order of vehicles stop; maintenance for
the public order, including security monitor, patrol, guard, guard at gate; energy services (use of power, water and gas); maintenance
for telecom and internet; storage and maintenance machineries, vehicles, furniture and other equipment; other property services.

 

(c) Special Agreement:

 

(1) Party B charges
the customer directly for the services hereunder:

 

(2) The services
management expenses will be charged to the customer solely and timely according to the actual expenses;

 

(3) For the services
hereunder, Party A covenants, unless otherwise consented by Party Bin writing, Party A will not cooperate or reach a cooperation
agreement with any third party (whatever in writing or in oral).

 

(d) Future Investment and Expansion

 

Party A will consult Party B and seek
its prior written permission concerning any and all of its future investment or expansion plan. In the case that the then effective
PRC Laws and regulations permit, any and all of such investment and expansion will be made directly through Party B.

 

(e) others

 

     

     

    

 

APPENDIX C

 

Material Actions

 

For purposes of that certain Services
Agreement to which this is Appendix C, ”Material Actions” means any of the following:

 

(a) Any change to the organic or charter
documents of Party A;

 

(b) Any issuance of new equity in Party
A, including any securities convertible into equity of Party A, or the acceptance by Party A of any equity investment, or the repurchase
or redemption of any equity of Party A;

 

(c) Any hiring, firing, or discipline
of any person who is an executive employee or director of Party A;

 

(d) The purchase of any material asset
by Party A;

 

(e) The sale, conveyance, licensing
or pledge of a material asset of Party A, including, without limitation, any mater intellectual property of Party A;

 

(f) Entering into, amending, supplementing,
terminating or otherwise modifying any agreement, contract or other arrangement to which Party A is or could become a party, having
a value or impact on Party A, individually or in the aggregate, in excess of RMB 100,000;

 

(g) Incurring any indebtedness or similar
obligation to third parties or subjecting of any of the equity or assets of Party A to any Lien;

 

(h) Investing in, incorporating or otherwise
creating any affiliate or joint venture or purchasing or otherwise acquiring any stock or any equity interest in any entity or
business in one or a series of related transactions, or disposing of any of the foregoing;

 

(i) Any change to the compensation of
any executive employee, consultant or other representative of Party A;

 

(j) Any transaction, action or agreement
by any of Party A other than in the ordinary course of business;

 

(k) Any transaction, contract or agreement
between Party A and the Shareholder;

 

(l) Declaring or paying dividends on,
or making any distributions to any capital stock, except in accordance with the instruments defining the rights of any such capital
stock or securities;

 

     

     

    

 

(m) The initiation or settlement of
any litigation or arbitration involving Party A;

 

(n) Approving the annual budget and
multi-year business plan for Party A;

 

(o) Approving Party A’s final
audits of Party A’s annual consolidated financial statements and tax returns to be filed by Party A with any taxing authority;

 

(p) Any material change in Party A’s
accounting or tax policies or a change if Party A’s independent auditor; and

 

(q) Any change in the number of directors
of Party A, except as a result if the operation of any other provisions of this Agreement.Exhibit 10.3

 

OPTION AGREEMENT

 

This Option Agreement (this “Agreement”)
is dated February 16, 2016, and is entered into in Shenzhen, People’s Republic of China (“PRC” or “China”)
between and among Anhui Avi-Trip Technology Co., Ltd. (“Party A”); the undersigned shareholders Jie Weiwei
and Han Yanliang of Party A(collectively the “Shareholder”); and Jie Run Consulting and Management Co.,
Ltd. (“Party B”). Party A, Party B and the Shareholders are each referred to individually in this Agreement
as a “Party” and collectively as the “Parties.”

 

RECITALS

 

1. Party A is engaged in the business of on-line sales
of electronic products, daily necessities, on-line investment industrial projects, sales agents of air tickets, train tickets and
admission tickets, software development and sales, gift sales, hotel reservation service, car rental service, network technology
development (not including internet connection services), domestic trade, import and export of goods and technology service industry
in the People’s Republic of China (the “Business”).

 

Party B has expertise relevant to the Business, and
has entered into a Management and Consulting Services Agreement dated as of February 16, 2016 to provide Party A with various management,
technical, consulting and other services in connection with the Business.

 

2. Jie Weiwei and Han Yanliang collectively referred
to herein as the “Shareholder” together hold 100% of the issued and outstanding equity interests of Party A (collectively
the “Equity Interest”).

 

3. The Parties are entering into this Agreement in
connection with the Management and Consulting Services Agreement.

 

     

     

    

 

AGREEMENT

 

NOW,THEREFORE, the Parties to this Agreement
hereby agree as follows:

  

1. PURCHASE AND SALE OF EQUITY INTEREST

 

1.1 Grant of Rights. The
Shareholder (hereinafter the “Transferor”) hereby irrevocably grants to Party B or a designee of Party
B (the “Designee”) an option to purchase at any time and from time to time ,to the extent permitted under
PRC law, all or any portion of the Equity interest in accordance with such procedures as determined by Party B, at the price specified
in Section 1.3 of this Agreement (the “Option”). No Option shall be granted to any patty other than to
Patty B and/or a Designee. As used herein, Designee may be an individual person, a corporation, a joint venture, a partnership,
an enterprise, a trust or an unincorporated organization.

 

1.2 Exercise of Rights.
According with the requirements of applicable PRC laws and regulations, Party B and/or the Designee may exercise the Option at
any time or from time to time by issuing a written notice (the ”Notice”) to the Transferor and specifying
the amount of the Equity Interest to be purchased from the Transferor and the manner of purchase.

 

1.3 Purchase Price.

 

1.3.1 The purchase price of the
Equity Interest pursuant to an exercise of the Option (the ”Purchase Price”) shall be equal to the original
paid-in price (paid-in registered capital) of the Transferor, adjusted proportionally for any purchase of less than all of the
Equity Interest, unless a different purchase price is mandated by applicable PRC laws and regulations, in which case the minimum
purchase price permitted by such laws and regulations shall be the Purchase Price hereunder.

 

1.4 Transfer of Equity Interest.
Upon each exercise of the Option under this Agreement:

 

1.4.1 The Transferor shall hold
or cause to be held a meeting of shareholders of Party A in order to adopt such resolutions as necessary in order to approve the
transfer of the relevant Equity Interest (Such Equity Interest hereinafter the “Purchased Equity Interest ”)
to Party B and/or the Designee;

 

1.4.2 The relevant Parties shall
enter into an Equity Interest Purchase Agreement, in a form reasonably acceptable to Party B, setting forth the terms and conditions
for the sale and transfer of the Purchased Equity Interest;

 

    2

     

    

 

1.4.3 The relevant Parties shall
execute, without any security interest, all other requisite contracts, agreements or documents, obtain all requisite approval and
consent of the government, conduct all necessary actions, transfer the valid ownership of the Purchased Equity Interest to Party
B and/or the Designee, and cause Party B and/or the Designee to be the registered owner of the Purchased Equity Interest. As used
herein, ”security interest” means any mortgage, pledge ,right or interest of the third party, purchase
right of equity interest, right of acquisition, right of first refusal, right of set-off, ownership detainment or other security
arrangements; provided, however, such term shall not include any security interest created under that certain Equity Pledge Agreement
dated as of February 16, 2016 by and among the Parties (the “Pledge Agreement”).

 

1.5 Payment. Payment of
the purchase price shall be determined through negotiations between the Transferor and Party B (including the Designee) in accordance
with the applicable laws at the time of the exercise of the Option.

 

2. REPRESENTATIONS RELATING TO EQUITY INTEREST

 

2.1 Party A’s Representations.
Party A hereby represents and warrants:

 

2.1.1 without Party B’s prior
written consent, Party A’s Articles of Association shall not be supplemented, changed or renewed in any way, Party A’s
registered capital of shall not be increased or decreased, and the structure of the registered capital shall not be changed in
any form;

 

2.1.2 To maintain the corporate
existence of Party A and to prudently and effectively operate the business according with customary fiduciary standards applicable
to managers with respect to corporations and their shareholders;

 

2.1.3 Without Party B’s prior
written consent, upon the execution of this Agreement, to not sell, transfer, mortgage or dispose, in any other form, any asset,
legitimate or beneficial interest of business or income, or encumber or approve any encumbrance or imposition of any security interest
on Party A’s assets;

 

    3

     

    

 

2.1.4 Without Party B’s prior
written consent, to not issue or provide any guarantee or permit the existence of any debt, other than (i) such debt that may arise
from Party A’s normal or daily business (excepting a loan); and (ii) such debt which has been disclosed to Party B before
this Agreement;

 

2.1.5 To operate and conduct all
business operations in the ordinary course of business, without damaging Party A’s business or the value of its assets;

 

2.1.6 Without Party B’s prior
written consent, to not enter into any material agreements, other than agreements entered into in the ordinary course of business
(for purpose of this paragraph, if any agreement for an amount in excess of One Hundred Thousand Renminbi (RMB 100,000) shall be
deemed a material agreement);

 

2.1.7 Without Party B’s prior
written consent, to not provide loan or credit to any other party or organization;

 

2.1.8 To provide to Party B all
relevant documents relating to its business operations and finance at the request of Party B;

 

2.1.9 To purchase and maintain
general business insurance of the type and amount comparable to those held by companies in the same industry, with similar business
operations and assets as Party A, from an insurance company approved by Party B;

 

2.1.10 Without Party B’s
prior written consent, to not enter into any merger ,cooperation, acquisition or investment;

 

2.1.11 To notify Party B of the
occurrence or the potential occurrence of litigation, arbitration or administrative procedure relating to Party A’s assets,
business operations and/or income;

 

    4

     

    

 

2.1.12 In order to guarantee the
ownership of Party A's assets, to execute all requisite or relevant documents, take all requisite or relevant actions, and make
and pursue all relevant claims;

 

2.1.13 Without Party B's prior
written notice, to not assign the Equity Interest in any form; however, Party A shall distribute dividends to the Shareholder upon
the request of Party B; and

 

2.1.14 In accordance with Party
B's request, to appoint any person designated by Party B to be a management member of Party A.

 

2.2 Transferor's Representations.
The Transferor hereby represents and Warrants;

 

2.2.1 Without Party B's prior written
consent, upon the execution of this Agreement, to not sell, transfer, mortgage or dispose in any other form any legitimate or beneficial
interest of the Equity Interest, or approve any security interest, except as created pursuant to the Pledge Agreement;

 

2.2.2 Without Party B's prior written
notice, to not adopt or support or execute any shareholder resolution at any meeting of the shareholder of Party A that seeks to
approve any sale, transfer, mortgage or disposal of any legitimate or beneficial interest of the Equity Interest, or to allow any
attachment of security interests, except as created pursuant to the Pledge Agreement;

 

2.2.3 Without Party B's prior written
notice, to not agree or support or execute any shareholder resolution at any meeting of the shareholder of Party A that seeks to
approve Party A's merger, cooperation, acquisition or investment;

 

2.2.4 To notify Party B the occurrence
or the potential occurrence of any litigation, arbitration or administrative procedure relevant to the Equity Interest;

 

    5

     

    

 

2.2.5 To cause Party A's Board
of Directors to approve the transfer of the Purchased Equity Interest pursuant to this Agreement;

 

2.2.6 In order to maintain the
ownership of Equity Interest, to execute all requisite or relevant documents, conduct all requisite or relevant actions, and make
all requisite or relevant claims, or make requisite or relevant defense against all claims of compensation;

 

2.2.7 Upon the request of Party
B, to appoint any person designated by Party B to be a director of Party A; and

 

2.2.8 To prudently comply with
the provisions of this Agreement and any other agreements entered into with Party B and Party A in connection therewith ,and to
perform all obligations under all such agreements, without taking any action or nonfeasance that may affect the validity and enforceability
of such agreements.

 

3. Representations and Warranties. As of the
execution date of this Agreement and on each transfer of the Purchased Equity Interest pursuant to an exercise of the Option, Party
A and the Transferor hereby represent and warrant as follows;

 

3.1 Such Parties shall have the
power and ability to enter into and deliver this Agreement and to perform their respective obligations thereunder, and at each
transfer of Purchased Equity Interest, the relevant Equity Interest Purchase Agreement and to perform their obligations thereunder.
Upon execution, this Agreement and each Equity Interest Purchase Agreement will constitute legal, valid and binding obligations
and be fully enforceable in accordance with their terms;

 

3.2 The execution and performance
of this Agreement and any Equity Interest Purchase Agreement shall not; (i) violate any relevant laws and regulations of the PRC;
(ii) conflict with the Articles of Association or other organizational documents of Party A; (iii) cause to breach any agreements
or instruments or having binding obligation on it, or constitute a breach under any agreements or instruments or having binding
obligation on it ; (iv) breach relevant authorization of any consent or approval and/or any effective conditions; or (v) cause
any authorized consent or approval to be suspended, removed, or cause other added conditions;

 

    6

     

    

 

3.3 The Equity Interest is transferable
in whole and in part, and neither Party A nor the Transferor has permitted or caused any security interest to be imposed upon the
Equity Interest other than pursuant to the Pledge Agreement;

 

3.4 Party A does not have any unpaid
debt, other than (i) such debt that may arise during the ordinary course of business; and (ii) debt either disclosed to Party B
before this Agreement or incurred pursuant to Party B's written consent;

 

3.5 Party A has complied with all
applicable PRC laws and regulations in connection with this Agreement;

 

3.6 There are no pending or ongoing
litigation, arbitration or administrative procedures with respect Party A, its assets or the Equity Interest, and Party A and the
Transferor have no knowledge of any pending or threatened claims to the best of their knowledge; and

 

3.7 The Transferor owns the Equity
Interest free and clear of encumbrances of any kind. other than the security interest pursuant to the Pledge Agreement.

 

4. ASSIGNMENT OF AGREEMENT

 

4.1 Party A and the Transferor
shall not transfer their rights and obligations under this Agreement to any third party without Party B's prior written consent.

 

4.2 Party A and the Transferor
hereby agrees that Party B shall be able to transfer all of its rights and obligations under this Agreement to any third party,
and such transfer shall only be subject to a written notice of Party B to Party A and the Transferor without any further consent
from Party A or the Transferor.

 

    7

     

    

 

5. EFFECTIVE DATE AND TERM 

 

5.1 This Agreement shall be effective
as of the date first set forth above.

 

5.2 The term of this Agreement
shall commence from the effective date and shall last for the maximum period of time permitted by law unless it is early terminated
in accordance with this Agreement.

 

5.3 At the end of the term of this
Agreement (including any extension thereto), or if earlier terminated pursuant to Section 5.2, the Parties agree that any transfer
of rights and obligations pursuant to Section 4.2 shall continue to be in effect.

 

6. APPLICABLE LAWS AND DISPUTE RESOLUTION 

 

6.1 Applicable Laws. The
execution, validity, interpretation and performance of this Agreement and the dispute resolution under this Agreement shall be
governed by the laws of PRC.

 

6.2 Dispute Resolution.
The Parties shall strive to resolve any disputes arising from the interpretation or performance of this Agreement through amicable
negotiations. If such dispute cannot be settled within thirty (30) days, any Party may submit such dispute to China International
Economic and Trade Arbitration Commission (“CIETAC”) for arbitration. The arbitration shall abide by the rules of CIETAC.
The determination of CIETAC shall be final and binding upon the Parties.

 

6.3 Taxes and Expenses.
Each Party shall, according with PRC laws, bear any and all registration taxes, costs and expenses for the transfer of equity arising
from the preparation, execution and completion of this Agreement and all Equity Interest Purchase Agreements.

 

6.4 Notices. Notices or
other communications required to be given by any Party pursuant to this Agreement shall be written in English and Chinese and delivered
personally or sent by registered mail or prepaid mail or by a recognized courier service or by facsimile transmission to the relevant
address of each Party as set forth below or other addresses of the Party as specified by such Party from time to time. The date
when the notice is deemed to be duly served shall be determined as follows; (a) a notice delivered personally is deemed duly served
upon the delivery; (b) a notice sent by mail is deemed duly served the tenth (10th) day after the date of the air registered mail
with the postage prepaid has been sent out (as is shown on the postmark), or the fourth (4th) day after the delivery by an internationally
recognized courier service: and (c) a notice sent by facsimile transmission is deemed duly served upon the receipt time as shown
on the transmission confirmation.

 

    8

     

    

 

6.5 Confidentiality. The
Parties acknowledge and confirm that any oral or written Information exchanged by the parties in connection with this Agreement
is confidential. The Parties shall maintain the confidentiality of all such information. Without the written approval by the other
Parties. any Party shall not disclose to any third party any confidential information except as follows.

 

6.5.1 Such information was in the
public domain at the time it was communicated:

 

6.5.2 Such information is required
to be disclosed pursuant to the applicable laws, Regulations, policies relating to the stock exchange; or

 

6.5.3 Such information is required
to be disclosed to a party’s legal counsel or financial consultant. Provided however, such legal counsel and/or financial
consultant shall also comply with the confidentiality as stated hereof. The disclosure of confidential information by employees
or agents of the disclosing Party is deemed to be an act of the disclosing party, and such party shall be responsible for all breach
of confidentiality arising from such disclosure. This provision shall survive even if certain clauses of this Agreement are subsequently
amended, revoked. terminated or determined to be invalid or unable to implement for any reason.

 

6.6 Further Warranties.
The Parties agree to promptly execute such documents as required to perform the provisions of this Agreement. and to take such
actions as may be reasonably required to perform the provisions of this Agreement.

 

    9

     

    

 

7. MISCELLANEOUS

 

7.1 Amendment, Modification and Supplement. Any
amendments and supplements to this Agreement shall only take effect if executed by both Parties in writing.

 

7.2 Entire Agreement. Notwithstanding Article
5 of this Agreement, the Parties acknowledge that this Agreement constitutes the entire agreement of the Parties with respect to
the subject matters therein and supersede and replace all prior or contemporaneous agreements and understandings, whether oral
or in writing.

 

7.3 Severability. If any provision of this Agreement
is deemed invalid or non-enforceable according with relevant laws, such provision shall be deemed invalid only within the applicable
laws and regulations of the PRC, and the validity, legality and enforceability of the other provisions hereof shall not be affected
or impaired in any way. The Parties shall, through reasonable negotiation, replace such invalid, illegal or non-enforceable provisions
with valid provisions in order to bring similar economic effects of those invalid, illegal or non-enforceable provisions.

 

7.4 Headings. The headings contained in this
Agreement are for reference only and shall not affect the interpretation and explanation of the provisions in this Agreement.

 

7.5 Language and Copies. This Agreement shall
be executed in English in six (6) duplicate originals. Each Party shall hold one (1) original, each of which shall have the same
legal effect.

 

7.6 Successor. This Agreement shall be binding
on the successors of each party and the transferee allowed by each Party.

 

7.7 Survival. Each party shall continue to perform
its obligations notwithstanding the expiration or termination of this Agreement. Article 6, Article 8, Article 9 and Section 7.7
hereof shall continue to be in full force and effect after the termination of this Agreement.

 

7.8 Waiver. Any Party may waive the terms and
conditions of this Agreement in writing with the written approval of all the parties. Under certain circumstances, any waiver by
a party to the breach of other parties shall not be construed as a waiver of any other breach by any other parties under similar
circumstances.

 

(SIGNATURE PAGE FOLLOWS)

 

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