Document:

Exhibit 10.12

 

Exclusive Share Purchase Option Agreement

 

This Exclusive Share Purchase Option Agreement
(the “Agreement”) is made by the following parties in the People’s Republic of China (“China”, for
the purposes of this Agreement, the Hong Kong Special Administrative Region, the Macao Special Administrative Region and Taiwan
are not included) on December 18, 2020 in Beijing.

 

Party A: Beijing Hologram Wimi Cloud Network
Technology Co., Ltd.

Address: Zhixincun Building No.1, Floor 8,
805-17, Haidian District, Beijing

 

Party B:

Party B1: Sun Yadong

ID No.:130230198110243324

Party B2: Yao Zhaohua

ID No.:421122198207240060

 

Party C: Beijing Wimi Cloud Software Co.,
Ltd.

Registered Address: No. 49 Badachu Road, No.
816 Floor 6, Shijingshan District, Beijing City

(Each party shall be referred
to as a “Party”, and collectively as the “Parties”.)

 

Whereas: Party B are the shareholders of Party
C; on the signing date of this Agreement, Party B hold 100% of the equity interests of Party C, representing the registered capital
of Party C of RMB 5,154,639.17;

 

Now therefore, upon the agreement reached by
negotiation, the Parties have reached the following agreement:

 

		1.	Sale and Purchase of Equity Interest

 

		1.1	Option Granted

 

Party B hereby
irrevocably grants Party A an irrevocable and exclusive right to purchase, or designate one or more persons (each, a “Designee”)
to purchase the equity interests in Party C then held by Party B once or at multiple times at any time in part or in whole at Party
A’s sole and absolute discretion to the extent permitted by Chinese laws and at the price described in Section 1.3 herein
(such right being the “Equity Interest Purchase Option”). Except for Party A and the Designee(s), no other person shall
be entitled to the Equity Interest Purchase Option or other rights with respect to the equity interests of Party B. Party C hereby
agrees to the grant by Party B of the Equity Interest Purchase Option to Party A. The term “person” as used herein
shall refer to individuals, corporations, partnerships, partners, enterprises, trusts or non-corporate organizations.

 

		1.2	Steps for Exercise of the Equity Interest Purchase Option

 

Subject to the
provisions of the laws and regulations of China, Party A may exercise the Equity Interest Purchase Option by issuing a written
notice to Party B (the “Equity Interest Purchase Option Notice”), specifying:(a) Party A’s or the Designee’s
decision to exercise the Equity Interest Purchase Option; (b) the portion of equity interests to be purchased by Party A or the
Designee from Party B (the “Optioned Interests”); and (c) the date for purchasing the Optioned Interests or
the date for the transfer of the Optioned Interests. Upon receipt of the Equity Interest Purchase Option Notice, Party B shall,
pursuant to such notice, transfer all the Optioned Interests to Party A and/or the designee in the manner set forth in Article
1.4 hereof.

 

		1.3	Equity Interest Purchase Price

 

The total
price at which Party A exercises the Equity Interest Purchase Option to purchase all the equity interests held by Party B in Party
C shall be the lowest price permitted by Chinese laws; When Party A exercises the right to purchase part of Party C's equity interests
held by Party B, the purchase price of the purchased equity interests shall be calculated in proportion. If applicable laws do
not require any adjustment of the purchase price of the purchased equity interests agreed herein, Party A shall not pay any additional
price to Party B. In the event that there is any mandatory provision under Chinese law on the purchase price of the purchased equity
interests agreed herein, resulting in the minimum purchase price of the purchased equity interests permitted by law being higher
than the price that has been offset against the offset debt, Party B hereby waives the right to obtain the price higher than the
offset debt portion.(collectively, the " Equity Interest Purchase Price").

 

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		1.4	Transfer of Optioned Interests

 

For each exercise
of the Equity Interest Purchase Option:

 

		1.4.1	Party B shall promote party C to convene a shareholder
meetings in a timely manner, at which it shall approve the resolution of party B's transfer of the purchased equity interests
to Party A and/or the designated person;

 

		1.4.2	Party B shall obtain a written consent of the other shareholders of Party C approving the transfer
of the purchased equity interests to Party A and/or the designee and waiving the right of preemption;

 

		1.4.3	Party B shall execute an equity interest transfer contract with respect to each transfer with Party
A and/or each Designee (if applicable), in accordance with the provisions of this Agreement and the Equity Interest Purchase Option
Notice regarding the Optioned Interests;

 

		1.4.4	Party B shall, within thirty(30) days after the receipt of the Equity Interest Purchase Option
Notice, execute all other necessary contracts, agreements or documents with the relevant Parties, obtain all necessary government
licenses and permits and take all necessary actions to transfer valid ownership of the Optioned Interests to Party A and/or the
Designee(s), unencumbered by any security interests, and cause Party A and/or the Designee(s) to become the registered owner(s)
of the Optioned Interests. For the purpose of this Section and this Agreement, “security interests” shall include
securities, mortgages, third party’s rights or interests, any stock options, acquisition right, right of first refusal, right
to offset, ownership retention or other security arrangements, but shall be deemed to exclude any security interest created by
this Agreement, Party B's Equity Interest Pledge Agreement and Party B’s Power of Attorney. “Party B’s Equity
Interest Pledge Agreement” as used in this Agreement shall refer to the Interest Pledge Agreement executed by and among
Party A, Party B and Party C on the date hereof and any modification, amendment or restatement thereof. “Party B’s
Power of Attorney” as used in this Agreement shall refer to the power of attorney executed by Party B on the date hereof
and any modification, amendment or restatement thereof.

 

		2.	Covenants

 

		2.1	Covenants regarding Party C

 

Party B (as a
shareholder of Party C) and Party C hereby covenant as follows:

 

		2.1.1	Without the prior written consent of Party A, shall not in any manner supplement, change or amend
the articles of association of Party C, increase or decrease its registered capital, or change its structure of registered capital
in other manners;

 

		2.1.2	Maintain Party C’s corporate existence in accordance with good financial and business standards
and practices, prudently and effectively operating its business and handling its affairs;

 

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		2.1.3	Without the prior written consent of Party A, shall not at any time following the date hereof,
sell, transfer, mortgage or dispose of in any manner any assets of Party C or legal or beneficial interest in the material business
or revenues of Party C exceeding RMB 1,000,000 or allow the encumbrance thereon of any security interest;

 

		2.1.4	Without the prior written consent of Party A, they shall not incur, inherit, guarantee or suffer
the existence of any debt, except for payables incurred in the ordinary course of business other than through loans;

 

		2.1.5	Make sure to operate all of Party C’s business within the ordinary course of to maintain
the asset value of Party C and refrain from any action/omission that may affect Party C’s operating status and asset value;

 

		2.1.6	Without the prior written consent of Party A, shall not cause Party C to execute any major contract,
except the contracts in the ordinary course of business (for the purpose of this subsection, a contract with a price exceeding
RMB100,000 shall be deemed a major contract);

 

		2.1.7	Without the prior written consent of Party A, shall not cause Party C to provide any person with
any loan or credit;

 

		2.1.8	Provide Party A with information on Party C's business operations and financial condition at Party
A's request;

 

		2.1.9	If requested by Party A, they shall procure and maintain insurance in respect of Party C's assets
and business from an insurance carrier acceptable to Party A, at an amount and type of coverage typical for companies that operate
similar businesses;

 

		2.1.10	Without the prior written consent of Party A, they shall not cause or permit Party C to merge,
consolidate with, acquire or invest in any person;

 

		2.1.11	Shall immediately notify Party A of the occurrence or possible occurrence of any litigation, arbitration
or administrative proceedings relating to Party C’s assets, business or revenue;

 

		2.1.12	To maintain the ownership by Party C of all of its assets, they shall execute all necessary or
appropriate documents, take all necessary or appropriate actions, file all necessary or appropriate complaints, and raise necessary
or appropriate defenses against all claims;

 

		2.1.13	Without the prior written consent of Party A, they shall ensure that Party C shall not in any manner
distribute dividends to its shareholder, provided that upon Party A’s written request, Party C shall immediately distribute
all distributable profits to its shareholder, then Party B will pay or transfer the above distribution to Party A immediately and
unconditionally.

 

		2.1.14	At the request of Party A, shall appoint any person designated by Party A as the director of Party
C.

 

		2.1.15	Without the prior written consent of Party A, Party B shall not engage in any business in competition
with Party A or its affiliated companies;

 

		2.1.16	Without the prior written consent of Party A, Party C shall not be liquidated, dissolved or deregistered,
unless as required by Chinese law;

 

		2.1.17	Once permitted by Chinese law, foreign investors may hold and/or invest solely in the main business
of Party C in China, And the relevant authorities in China began to approve the business, Upon the exercise of the Equity Interest
Purchase Option by Party A, Party B shall immediately transfer the equity interests held by Party C to Party A or the designated
person, and Party C shall cooperate with Party A to complete the equity interests transfer procedures;

 

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		2.1.18	With respect to the covenants applicable to Party C under this Section 2.1, Party B and Party C
shall cause its subsidiaries to comply with such covenants, as applicable, as if such subsidiaries were Party C under the relevant
terms.

 

		2.2	Covenants of Party B

 

Party B hereby covenants
as follows:

 

		2.2.1	Without the prior written consent of Party A, Party B shall not sell, transfer, mortgage or dispose
of in any other manner any legal or beneficial interest in the equity interests in Party C held by Party B, or allow the encumbrance
thereon, except for the interest placed in accordance with Party B’s Equity Interest Pledge Agreement;

 

		2.2.2	Without the prior written consent of Party A, Party B shall promote Party C’s shareholder
meeting and/or director meeting not to approve any sale, transfer, mortgage or disposition in any other manner of any legal or
beneficial interest in the equity interests in Party C held by Party B, or allow the encumbrance thereon of any security interest,
except for the interest placed in accordance with Party B’s Equity Interest Pledge Agreement;

 

		2.2.3	Without the prior written consent of Party A, Party B shall cause the directors meeting or shareholder
meeting of Party C not to approve the merger or consolidation with any person, or the acquisition of or investment in any person;

 

		2.2.4	Party B shall immediately notify Party A of the occurrence or possible occurrence of any litigation,
arbitration or administrative proceedings;

 

		2.2.5	Party B shall cause the shareholders' meeting or the board of directors (or the executive director)
of Party C to vote in favor of the transfer of the Optioned Interests as provided in this Agreement and take any other action at
the request of Party A;

 

		2.2.6	To the extent necessary to maintain Party B's ownership in Party C, Party B shall execute all necessary
or appropriate documents, take all necessary or appropriate actions, file all necessary or appropriate complaints, and raise necessary
or appropriate defenses against all claims;

 

		2.2.7	Party B shall appoint any designee of Party A as the director of Party C, at the request of Party
A;

 

		2.2.8	Party B hereby waive its right of preemption (if any) with respect to the transfer of equity interests
by other shareholders of Party C to Party A, and agree to other shareholder of Party C to enter into enter into Exclusive Share
Purchase Option Agreement, Equity Interest Pledge Agreement and Power of Attorney with Party A and Party C similar to this Agreement,
Party B's Equity Interest Pledge Agreement and Party B's Power of Attorney, and warrant that it will not take any action (if any)
in conflict with any such documents signed by other shareholders;

 

		2.2.9	Party B shall, in compliance with the Chinese law, promptly grant to Party A and/or the designated
person any profits, dividends, dividends or liquidation proceeds obtained by Party B from Party C;

 

		2.2.10	Party B shall strictly abide by the provisions of this Agreement and other contracts jointly or
separately executed by and among Party B, Party C and Party A, perform the obligations hereunder and thereunder, and refrain from
any action/omission that may affect the effectiveness and enforceability thereof. To the extent that Party B has any remaining
rights with respect to the equity interests subject to this Agreement hereunder or under Party B’s Equity Interest Pledge
Agreement or under Party B’s Power of Attorney, Party B shall not exercise such rights except in accordance with the written
instructions of Party A.

 

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		3.	Representations and Warranties

 

Party B and
Party C hereby represent and warrant to Party A, jointly and severally, as of the date of this Agreement and each date of the transfer
of the Optioned Interests, that:

 

		3.1	They have the power, capacity and authority to execute and deliver this Agreement and any equity
interest transfer contracts to which they are parties concerning the Optioned Interests to be transferred thereunder (each, a “Transfer
Contract”), and to perform their obligations under this Agreement and any Transfer Contracts. Party B and Party C agree to
enter into Transfer Contracts consistent with the terms of this Agreement upon Party A’s exercise of the Equity Interest
Purchase Option. This Agreement and the Transfer Contracts to which they are parties constitute or will constitute their legal,
valid and binding obligations and shall be enforceable against them in accordance with the provisions thereof;

 

		3.2	Party B and Party C have obtained consent and approval (if necessary) from third parties and governmental
authorities to sign, deliver and perform this Agreement;

 

		3.3	The execution and delivery of this Agreement or any Transfer Contracts and the obligations under
this Agreement or any Transfer Contracts shall not: (i) cause any violation of any applicable laws of China; (ii) be inconsistent
with the articles of association, bylaws or other organizational documents of Party C; (iii) cause the violation of any contracts
or instruments to which they are a party or which are binding on them, or constitute any breach under any contracts or instruments
to which they are a party or which are binding on them; (iv) cause any violation of any condition for the grant and/or continued
effectiveness of any licenses or permits issued to either of them; or (v) cause the suspension or revocation of or imposition of
additional conditions to any licenses or permits issued to either of them;

 

		3.4	Party B has a good and merchantable title to the equity interests held by Party B in Party C. Except
for Party B's Equity Interest Pledge Agreement and Party B’s Power of Attorney, Party B has not placed any security interest
on such equity interests;

 

		3.5	Party C has a good and merchantable title to all of its assets, and has not placed any security
interest on the aforementioned assets;

 

		3.6	Party C does not have any outstanding debts, except for (i) debt incurred within the normal business
scope; and (ii) debts disclosed to Party A for which Party A's written consent has been obtained.

 

		3.7	Party C complies with all laws and regulations applicable to the acquisition of assets; and

 

		3.8	There are no pending or threatened litigation, arbitration or administrative proceedings relating
to the equity interests in Party C, assets of Party C or Party C.

 

		4.	Effective date

 

This Agreement
shall enter into force on the date the parties signed and executed and shall terminate upon the transfer of all the equity interests
of Party C held by Party B to Party A and/or the designated person in accordance with the provisions hereof.

 

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		5.	Governing Law and Resolution of Disputes

 

		5.1	Governing Law

 

The execution,
effectiveness, interpretation, performance, amendment and termination of this Agreement and the resolution of disputes hereunder
shall be governed by the officially released and publicly available laws of the PRC.

 

		5.2	Methods of Resolution of Disputes

 

Where any dispute
arising out of or in connection with the execution of this agreement, either party shall have the right to submit the dispute to
the China International Economic and Trade Arbitration Commission for arbitration in Beijing in accordance with the arbitration
procedures and rules in force at that time. The arbitral tribunal consists of three arbitrators appointed in accordance with the
arbitration rules, the applicant designates an arbitrator, the respondent designates an arbitrator, and the third arbitrator is
appointed by negotiation by the former two arbitrators or appointed by the China International Economic and Trade Arbitration Commission.
Arbitration shall be conducted in a state of confidentiality, the language of arbitration being Chinese. The arbitral award is
final and binding on both parties. Where appropriate, the arbitral tribunal or arbitrator may, in accordance with the dispute settlement
clause and/or applicable Chinese law, award compensation for the parties’ equity interests, assets, property interests or
land assets, award compulsory relief (including, but not limited to, the need for the conduct of business or the forcible transfer
of assets) or propose the winding-up of the parties. In addition, during the formation of the arbitral tribunal, the parties have
the right to apply to any court of competent jurisdiction (including the courts of Hong Kong, the place of incorporation of the
VIE Co(Beijing), Cayman Islands and the courts where the principal assets of the VIE Co are located) for the granting of interim
relief measures. During the arbitration period, the Parties shall continue to have their respective rights under this Agreement
and to continue to perform their respective obligations under this Agreement, except for the part where the parties have disputes
and such dispute is in the progress of arbitration.

 

		6.	Taxes and Fees

 

Each Party shall
pay any and all transfer and registration taxes, expenses and fees incurred thereby or levied thereon in accordance with the laws
of China in connection with the preparation and execution of this Agreement and the Transfer Contracts, as well as the consummation
of the transactions contemplated under this Agreement and the Transfer Contracts.

 

		7.	Notices

 

		7.1	All notices and other communications required or permitted to be given pursuant to this Agreement
shall be delivered personally or sent by registered mail, prepaid postage, a commercial courier service or facsimile transmission
to the address of such Party set forth below. A confirmation copy of each notice shall also be sent by email. The dates on which
notices shall be deemed to have been effectively given shall be determined as follows:

 

		7.1.1	Notices given by personal delivery, shall be deemed effectively given on the date of receipt;

 

		7.1.2	Notices given by registered mail with prepaid postage shall be deemed effectively given on the
15th day after the date of receipt;

 

		7.1.3	Notices given by facsimile transmission, the date recorded on the facsimile shall prevail, but
if the facsimile is given later than 5:00pm or on a non-business day at the place of service, the day of delivery shall be the
next business day shown on the date recorded.

 

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		7.2	For the purpose of notices, the addresses of the Parties are as follows:

 

		Party	A: Beijing Hologram Wimi Cloud Network Technology Co.,
Ltd.

 

		Address:	Zhixincun Building No.1, Floor 8, 805-17, Haidian District,
Beijing

 

		Receipt:	

 

		Email:	

 

		Party	B:

 

		Party	B1: Yao Zhaohua

 

		Address:	

 

		Receipt:	

 

		Email:	

 

		Party	B2: Sun Yadong

 

		Address:	

 

		Receipt:	

 

		Email:	

 

		Party	C: Beijing Wimi Cloud Software Co., Ltd.

 

		Registered	Address: No. 49 Badachu Road, No. 816 Floor 6, Shijingshan
District, Beijing City

 

		Receipt:	

 

		Email:	

 

		7.3	Any Party may at any time change its address for notices by a notice delivered to the other Parties
in accordance with the terms hereof.

 

		8.	Confidentiality

 

The Parties
acknowledge that the existence and the terms of this Agreement, and any oral or written information exchanged between the Parties
in connection with the preparation and performance of this Agreement are regarded as confidential information. Each Party shall
maintain confidentiality of all such confidential information, and without obtaining the written consent of other Parties, it shall
not disclose any relevant confidential information to any third parties, except for the information that: (a) is or will be in
the public domain (other than through the receiving Party’s unauthorized disclosure); (b) is under the obligation to be disclosed
pursuant to the applicable laws or regulations, rules of any stock exchange, or orders of the court or other government authorities;
or (c) is required to be disclosed by any Party to its shareholders, directors, employees, legal counsels, financial advisors regarding
the transaction contemplated hereunder, provided that such shareholders, directors, employees, legal counsels, or financial advisors
shall be bound by the confidentiality obligations similar to those set forth in this Section. Disclosure of any confidential information
by the shareholders, directors, employees of, or agencies engaged by any Party shall be deemed disclosure of such confidential
information by such Party and such Party shall be held liable for breach of this Agreement.

 

		9.	Further Warranties

 

The Parties agree
to promptly execute documents that are reasonably required for or are conducive to the implementation of the provisions and purposes
of this Agreement and take further actions that are reasonably required for or are conducive to the implementation of the provisions
and purposes of this Agreement.

 

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		10.	Liability for breach of contract

 

		10.1	If Party B or Party C substantially violates any of the agreements made under this Agreement, Party
A shall have the right to terminate this agreement and/or require Party B or Party C to grant all damages; this Section 10 shall
not prejudice Party A’s any other rights under this Agreement.

 

		10.2	Unless otherwise provided by law, Party B or Party C shall have no right to terminate or cancel
this Agreement in any case.

 

		11.	Miscellaneous

 

		11.1	Amendments, changes and supplements

 

This Agreement
shall be amended, modified, and supplemented only by a written agreement signed by each Party.

 

		11.2	Entire agreement

 

Except for the
amendments, supplements or changes in writing executed after the execution of this Agreement, this Agreement shall constitute the
entire agreement reached by and among the Parties hereto with respect to the subject matter hereof, and shall supersede all prior
oral and written consultations, representations and contracts reached with respect to the subject matter of this Agreement.

 

		11.3	Headings

 

The headings of
this Agreement are for convenience only, and shall not be used to interpret, explain or otherwise affect the meanings of the provisions
of this Agreement.

 

		11.4	Severability

 

In the event that
one or several of the provisions of this Agreement are found to be invalid, illegal or unenforceable in any aspect in accordance
with any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement shall not
be affected or compromised in any respect. The Parties shall strive in good faith to replace such invalid, illegal or unenforceable
provisions with effective provisions that accomplish to the greatest extent permitted by law and the intentions of the Parties,
and the economic effect of such effective provisions shall be as close as possible to the economic effect of those invalid, illegal
or unenforceable provisions.

 

		11.5	Successors

 

This agreement
shall be binding on and in the interest of the respective successors of each party and the assignee permitted by those parties.

 

		11.6	Survival

 

		11.6.1	Any obligations that occur or that are due as a result of this Agreement upon the expiration or
early termination of this Agreement shall survive the expiration or early termination thereof.

 

		11.6.2	The provisions of Sections 5, 7, 8 and this Section 11.6 shall survive the termination of this
Agreement.

 

		11.7	Waivers

 

Any Party may
waive the terms and conditions of this Agreement, provided that such a waiver must be provided in writing and shall require the
signatures of the Parties. No waiver by any Party in certain circumstances with respect to a breach by other Parties shall operate
as a waiver by such a Party with respect to any similar breach in other circumstances.

 

		11.8	Language

 

This Agreement
is written in Chinese in four copies, each Party having one copy.

 

——the
remainder of this page is left blank intentionally——

 

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IN WITNESS WHEREOF, the Parties
have caused their authorized representatives to execute this Exclusive Share Purchase Option Agreement as of the date first above
written.

 

	Beijing Hologram Wimi Cloud Network Technology Co., Ltd. (Seal)

 

	Signature:
	/s/ Sun Yadong

                                                                           
	 
	Name:
	 Sun Yadong

                                                                           
	 
	Position:	 	 
	 	 

 

     

     

    

 

IN WITNESS WHEREOF, the Parties
have caused their authorized representatives to execute this Exclusive Share Purchase Option Agreement as of the date first above
written.

 

	Sun Yadong	 
	 	 
	Signature:	/s/ Sun Yadong	 
	 	 
	Yao Zhaohua	 
	 	 
	Signature:	/s/ Yao Zhaohua	 
	 	 

 

     

     

    

  

IN WITNESS WHEREOF, the Parties have caused their authorized representatives to execute this Exclusive Share Purchase Option Agreement
as of the date first above written.

 

	Beijing Wimi Cloud Software Co., Ltd. (Seal)	 
	 	 
	Signature:
	/s/
                                                                                                                         Sun Yadong

                                                                                
	 
	Name:
	Sun Yadong

                                                                           
	 
	Position:Exhibit 10.13

 

EXCLUSIVE ASSET PURCHASE AGREEMENT

 

THIS EXCLUSIVE ASSET PURCHASE AGREEMENT(the
“Aagreement”) is entered into by and between the following parties on Deceember 18, 2020.

 

Party A: Beijing Hologram Wimi Cloud
Network Technology Co., Ltd., a limited liability company (wholly foreign owned enterprise) duly established and valid existing
under the PRC laws.

Registered Address: Zhixincun Building
No.1, Floor 8, 805-17, Haidian District, Beijing

 

Party B: Beijing Wimi Cloud Software
Co., Ltd., a limited liability company duly established and valid existing under the PRC laws.

Registered Address: No. 49 Badachu Road,
No. 816 Floor 6, Shijingshan District, Beijing City

 

In this a Party A and Party B are respectively
referred to as “one party”, and together referred to as “both parties”.

 

NOW THEREFORE, through mutual negotiations,
the Parties hereto agree as follows:

 

		1.	Transfer of Asset

 

		1.1	Granting Right

 

Under the PRC law, Party B hereby
irrevocably grants Party A the exclusive right to purchase, or designate one or more persons (the “Specified Person”)
to purchase, a portion or whole of the Intellectual Property Right and any other asset (“underlying asset”) of Party
B held by Party B at the price set forth in Article 1.3 hereof in accordance with the procedure promulgated by Party A in Party
A’s discretion.(the “Underlying Asset Purchase Right”). Except for Party A and the Specified Person, any
third party shall not enjoy the purchase right of the asset. For the purpose of this Agreement, the “person” stipulated
herein refers to individual, corporation, joint venture, partnership, enterprise, trust or non-corporation organization.

 

		1.2	Procedure

 

The exercise of the Purchase
Right by Party A shall subject to the laws and regulations of the PRC. When Party A intends to exercise the Purchase Right, it
shall issue a written notice (the “Purchase Notice”) to Party B which shall contain the following items: (a)
Party A intends to exercise the Purchase Right; (b) the asset to be purchased therewith (the “Purchased Asset”);
and (c) the effective date or transfer date.

 

		1.3	Transfer Fee

 

Subject to applicable law, the
transfer price of the underlying asset purchased is the lowest price permitted under PRC law at the time of transfer. With the
consent of both parties, the transfer fee of the underlying asset under this contract may be offset against the relevant payments
that Party B shall pay to Party A.

 

     

     

    

 

		1.4	Transfer of the Asset

 

Each time when Party A exercises
the Purchase Right:

 

		(1)	Party B shall convene shareholders’ meeting timely and shall pass the shareholders’
resolutions that Party B could transfer to Party A and (or) the Specified Person the Asset.

 

		(2)	Party B shall enter into Asset Transfer Agreement with Party A (or the Specified Person, if applicable)
in accordance with this Agreement and Purchase Notice.

 

		(3)	Within 30th from the date of the notice of purchase of the underlying asset, party B shall provide
all necessary material and documents for the transfer of the underlying asset and its registration (if applicable) and take all
necessary actions and measures, including but not limited to, obtaining all necessary government certificates and approvals, transfer
the valid ownership of the underlying asset to Party A and/or the designated person without any security interest, and promote
Party A and/or the designated person to become the registered owner of the underlying asset.

 

		2.	Warranties and Guarantee of Party B

 

		(1)	Absent prior written consent of Party A, Party B shall not sell, transfer, mortgage, license the
usage of, or dispose in any way of the underlying asset from the date of signing this contract.

 

		(2)	Absent prior written consent of Party A Party B shall promote its shareholder meeting not to approve
to sell, transfer, mortgage, license the usage of, or dispose in any way of the underlying asset.

 

		(3)	Party
                                         B shall promptly inform Party A of any existing or potential litigation, arbitration,
                                         or administrative procedure in relation to the underlying assets.

 

		(4)	If
                                         Party A requests, Party B shall promote the shareholders of Party B to vote in favour
                                         of the transfer of the underlying assets purchased under this contract;

 

		(5)	Party
                                         B shall make all necessary efforts to maintain the title to its assets, including but
                                         not limited to execute all necessary or proper documents, commence all necessary or proper
                                         claims, or make all necessary or proper defences to all claims.

 

		(6)	At
                                         any time at the request of Party A, the underlying assets shall be transferred to party
                                         A or to the designated person at anytime unconditionally.

 

		(7)	Party
                                         B shall strictly abide by the provisions of this contract and other contracts entered
                                         into by the parties, perform effectively the obligations under such contracts, and shall
                                         not conduct any action/omission which is sufficient to affect the validity and enforceability
                                         of such contracts.

 

		3.	Representations
                                         and Warranties

 

		3.1	Party
                                         A’s Representations and Warranties

 

Party
A hereby represent and warrant to Pary B that on and till the execution date of this Agreement and each and every transfer day
thereafter:

 

(1)
Party A is a company legally registered and effectively existing in accordance with PRC law;

 

(2)
Party A signs and performs this contract within the scope of its company's powers and operation; has taken the necessary corporate
conduct to authorise and has obtained the consent and approval of all third parties and government departments; and does not violate
the restrictions of laws and contracts that bind or affect it;

 

(3)
Once signed, this contract constitutes a lawful, valid and binding obligation to Party A and may be enforced against it.

 

    2

     

    

 

		3.2	Party B’s Representations and Warranties

 

Party
B hereby represent and warrant to Pary A that on and till the execution date of this Agreement and each and every transfer day
thereafter:

 

(1)
Party B shall have full exclusivity and resale ownership of the underlying assets, without any security interest attached on the
underlying assets, except those which have been disclosed to Party A and have obtained the written consent of Party A; Party B's
use of the underlying assets will not infringe the rights and interests of any third person, and there shall be no action or other
dispute concerning the underlying asset;

 

(2)
Party B shall sign and execute this agreement within the scope of its power and operation; it has taken the necessary corporate
conduct and has obtained the consent and approval of a third party or government department; does not violate the restrictions
of laws and contracts that bind or affect it; Party B has complied with all PRC laws and regulations relating to asset acquisition;

 

(3)
Upon signature of this contract, it constitutes a lawful, valid and binding obligation to Party B and may be enforced against it;

 

(4)
It has the power and ability to enter into and deliver this contract and any underlying asset transfer contract entered into under
this contract for each transfer of the underlying assets purchased, as well as the authority and capacity to perform its obligations
under this contract and any underlying asset transfer contract. This contract and the underlying asset transfer contract of which
it is a party, once signed, will constitute a lawful, valid and binding obligation to it and may be enforced in accordance with
its terms; 

 

(5)
Neither the signing and delivery of this contract or any underlying asset transfer contract nor the performance of its obligations
under this contract or any underlying asset transfer contract shall: (i) result in a breach of any relevant PRC law; (ii) conflict
with its article of association or other organizational documents; (iii) result in its breach of any contract or document to which
it is a party or binding on it, or constitute a breach under any contract or document to which it is a party or which is binding
on it; (iv) causing a breach of any condition for the grant and/or continued validity of any license or approval issued to it;
or (v) lead to the suspension, revocation or conditionality of any license or approval issued to it;

 

(6)
Party B has no outstanding debts, which not include (i) debts incurred in the ordinary course of business; and (ii) debts that
have been disclosed to Party A and have obtained the written consent of Party A

 

		4.	Effective Date 

 

This Agreement shall take effect
upon execution by the Parties, the term shall be ten (10) years, and it may be extended if Party A so requires.

 

		5.	Governing Law and Dispute Resolution

 

		5.1	Governing Law

 

The formation, validity, interpretation
and performance of this contract, as well as the settlement of disputes under this contract, are governed by the PRC laws.

 

		5.2	Dispute Resolution

 

With regards to any dispute
in relation to the interpretation or implementation of this Agreement, the Parties shall negotiate friendly to settle the dispute.
If it can not be settled within thirty (30) days from the date any party issuing written notice requesting settlement of dispute
through negotiation, each party has the right to submit it to China International Economic and Trade Arbitration Committee for
arbitration according to its currently in force arbitration rules. The arbitration shall be held in Beijing. The arbitration award
is final and binding on each party.

 

    3

     

    

 

		6.	Notice

 

Unless notified in writing
of the change to the following address, the notice under this Contract shall be sent to the following address by special delivery,
fax or registered mailing. If the notice is sent by registered mail, the date of receipt recorded on the receipts of the registered
mail shall be the day of service, and if it is sent by special delivery or fax, the date of dispatch shall be the date of delivery.
If sent by fax, the original shall be sent to the following address by registered mail or by special delivery immediately after
sending the fax.

 

Party A: Beijing Hologram Wimi
Cloud Network Technology Co., Ltd

Address: No.1 Building 8/F
805-17, Zhixincun, Haidian District, Beijing

Email:

Recepient:

 

Party B: Beijing Wimi
Cloud Software Co., Ltd.

Address: No. 6 Building, 8/F
No. 816, No. 49 yard, Badachu Road, Shijingshan District, Beijing

Email:

Recepient:

 

		7.	Confidentiality

 

The
Parties acknowledge and confirm that any oral or written information relating to this Agreement communicated among the Parties
shall be deemed as confidential information (“Confidential Information”). The Parties shall keep confidential of such
Confidential Information and shall not disclose to any third party unless having obtained prior written consent from the other
parties. Nevertheless, Confidential Information shall not include information which (a) was at the date hereof or subsequently
becomes public information (otherwise than disclosed by any party received such Confidential Information); (b) is disclosed in
accordance with applicable laws or regulations; or (c) the party who disclose any Confidential Information to its attorneys or
financial advisors who need to access such information shall ensure that such attorneys or financial advisors comply with this
provision and keep confidential of such information. The disclosure by the employee or agent of Each Party shall be deemed as
disclosed by the party itself, and the party shall be liable of the breach. The Parties agree that the provisions of this Article
shall survive notwithstanding the termination of this Agreement.

 

		8.	Further
                                         Assurance 

 

The
Parties agree that they will, without any hesitation, execute any necessary documents for the performance of this Agreement or
any documents which are benefit for the purpose of this Agreement, and will take all necessary actions for the purpose of this
Agreement or take actions which are benefit for the purpose of this Agreement.

 

		9.	Miscellaneous

 

		9.1	Amendment, revision and supplementation

 

The
Parties shall amend this Agreement in the event of any modification of this agreement by the U.S. Securities and Exchange Commission
or other regulatory bodies, or any changes in the listing rules or related requirements of the U.S. Securities and Exchange Commission
relating to this Power of Attorney. 

 

		9.2	Compliance with laws and regulations

 

The
Parties shall comply with all applicable PRC laws and regulations which have been formally issued and may be publicly acquired.

 

    4

     

    

 

		9.3	Entire agreement

 

Unless
it is otherwise revised, amended or supplemented after execution of this Agreement, this Agreement constitutes the entire agreement
among the parties as to the subject matter, and supersedes any prior oral or written negotiations, statements or agreement among
the parties relating thereto.

 

		9.4	Headings

 

Headings
in this Agreement are only set out for reading convenience, and shall not be used to interpret, explain or otherwise influence
the meaning of the provisions of this Agreement. 

 

		9.5	Language

 

This
Agreement is made in Chinese and in two originals. Each original bears the same effect.

 

		9.6	Severability

 

If
any of the terms of this Agreement is declared invalid, illegal or unenforceable in accordance with any applicable laws or regulations,
the validity and enforceability of the other terms hereof shall nevertheless remain unaffected, and the Parties hereto agree to,
through friendly negotiation, make valid terms to such invalid, illegal or unenforceable terms, and the economic results from such
valid terms shall be close to, as much as may be possible, the superseded invalid, illegal or enforceable terms. 

 

		9.7	Successor

 

Party
B shall not transfer any of its rights or obligations under this contract to any third party without Party A's prior written consent.
Party B hereby agrees that Party A may transfer its rights and obligations under this contract in accordance with its own judgment
and shall only give Party B written notice of the transfer of its rights and obligations under this contract in writing in advance.
This Contract shall be binding and beneficial to the respective successors of the parties and to the assignee permitted by both
parties. 

 

		9.8	Continue to be effective

 

		 	(a)	Any duties occurred in relation to the Agreement before expiration
or early termination of the Agreement shall continue to be effective after expiration or early termination of the Agreement. 

 

		 	(b)	Articles 5, 7 and 9.8 hereof shall survive notwithstanding the
termination of this Agreement.

 

		9.9	Waiver

 

Each
party may waive the terms and conditions under this Agreement in writing. Such waiver should be duly signed by the other parties.
Any waive relating to the breach of the other party in certain circumstance shall not be deemed as that the waiver party has made
waiver to the other party for the same breach in other circumstances. 

 

In
view of this, the parties have signed this contract on the date set out at the beginning of the agreement.

 

    5

     

    

(This page is the signing page of
this Exclusive Asset Purchase Agreement)

 

Party A: Beijing Hologram Wimi Cloud
Network Technology Co., Ltd (Seal)

 

	Legal Representative:  	/s/ Sun Yadong	 

 

    6

     

    

(This page is the signing
page of this Exclusive Asset Purchase Agreement)

 

Party B: Beijing Wimi Cloud
Software Co., Ltd. (Seal)

 

	Legal Representative:  	/s/ Sun Yadong	 

 

 7

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