Document:

Exhibit 10.5

 

Loan
Contract

 

Lender:
Tang Wenjie

 

Borrower:
Beijing AnGaoMeng Technology Service Co. Ltd.

 

Borrower
is a software development company (“the Company”). Due to its earlier R&D investment generated less income, Borrower
determined to borrow money from Lender to support the development of the economic business. After friendly consultations, now
the parties hereby agree as follows:

 

		1.	Purpose
                                         of Loan

 

The
borrowed money under this Contract shall be used for business activities of the Company.

 

		2.	Amount
                                         of Loan

 

The
amount of loan authorized for 2017 shall not exceed RMB15,000,000.

 

		3.	Loan
                                         Interest

 

This
loan is interest-free and will not change with the national interest rate.

 

	4.	Life of Loan

 

4.1
The life of loan is 2 years from January 1, 2017 to December 31, 2018. On the basis of the actual business requirements of the
Company, Lender will transfer the loan amount to the bank account designated by Borrower based on demand prior to December 31,
2017.

 

4.2
Repayment Time and Amount: The repayment time is December 31, 2018, and the two parties will sign a supplementary agreement with
respect to the detailed repayment mode.

 

4.3
If Borrower fails to either serve its debt within the agreed time or sign a supplementary agreement, should Borrower pay 10% penalty
for the due amount which exceeded 30 days.

 

		5.	Source
                                         of Repayment Fund

 

The
repayment fund is from Book Amount of the Company.

 

    	 		 

     

    

 

	6.	Right and Obligation of Both Parties

 

6.1
Obligation of Borrower

 

6.1.1
Borrower shall use the loan in accordance with Purpose of Loan provided herein and may not divert the fund for any other purposes
or use it for any illegal activities.

 

6.1.2
 Borrower shall repay the principal in accordance with the time limit of this Contract.

 

6.2
Obligation of Lender

 

Lender
shall deliver the fund to Borrower in full amount on time.

 

	7.	Breach of Contract

 

7.1
If either party fails to perform or fully perform the provisions of this Contract after signing this Contract will constitute
a breach of contract. The breaching party shall be responsible for the compensation of all economic losses arising out of or relating
to violation of this Contract.

 

7.2
If either party defaults, the non-breaching party shall have the right to demand the breaching party continue to perform this
Contract.

 

	8.	Modification or Dissolution of Contract

 

8.1
If Borrower needs to extend the term of borrowing, it shall file an application with Lender and obtain the consent of Lender 30
days prior to the expiration date of the loan.

 

8.2
In case Lender unilaterally terminates the agreement and withdraws the principal in advance, Lender is required to notice Borrower
90 days in advance. Borrower is entitled to return the principal without interest.

 

8.3
In case this Contract cannot be fulfilled due to force majeure, the Company shall conduct the liquidation. Borrower may file an
application with Lender to change or terminate this Contract to exempt from liability for breach of contract.

 

8.4
Any change of this Contract is subject to negotiation of both parties and a written change agreement shall be concluded.

 

	9.	Settlement of Disputes

 

In
the event of any dispute arising out of or relating to this Contract, the parties shall attempt in the first instance to resolve
such dispute through friendly consultations. In the event such dispute is not resolved through consultations, then any party may
file a lawsuit in the People's Court where the company registered.

 

	10.	Miscellaneous Provisions 

 

Any
issue that not covered in this Contract could be settled in the additional agreement after parties negotiation; the additional
agreement has same legal effect as this Contract.

 

This
Contract is in duplicate, each party hold on copy, and each copy has the same legal effect.

 

	Borrower
    (Common Seal)	Lender
    (Signature or Seal)
	 	 
	 	ID
    Number:

 

Date:
January 1, 2017Exhibit 10.8

 

 

 

 

AGREEMENT
No. AGMGR-01

 

1st
of July 2016

 

This
agreement (hereinafter referred to as the “Agreement”) is entered by and between MetaQuotes Software Corp., with
registered address P.O. Box N-341, Charlotte House, Charlotte Street, Nassau, Bahamas (hereinafter referred to as the “Licensor”),
duly represented by its Head of Asia Pacific Branches Eric Lee and AGM Group Ltd., with registered address No. 5
Cork Street, Belize City, Belize (hereinafter referred to as the “Licensee”), duly represented by its Director Zhentao
Jiang. The Licensor and the Licensee may herein-below be jointly referred to as the “Parties”, and each one in
particular as a “Party”.

 

WIIEREAS,
The Licensor is the legal owner and/or exclusive and rightful user of all Intellectual Property Rights and copyrights to MetaTrader
4 trading platform, a computer software package (hereinafter referred to as the “System”), properly registered by the
Licensor with the Russian Patent and Trademark Office (“Rospatent”) (Certificate No. 2003611699 dated July 17th,
2003), intended for the provision of online brokerage services.

 

WHEREAS,
The Licensor is the legal owner and/or exclusive and rightful user of the MetaTrader trademark, properly registered with Rospatent
(Certificate No. 2003611699 dated July 17th, 2003), the World Intellectual Property Organization (“WIPO”)
(Certificate No. 957372 dated January 31st, 2008), and the United States Patent and Trademark Office (“USPTO”)
(Certificate and Reg. No. 3,182,784 dated December 12th, 2006).

 

WHEREAS,
The Licensor is the legal owner and/or exclusive and rightful user of all intellectual property rights and copyrights to the
MQL4 trademark, properly registered by the Licensor with Rospatent (Certificate No. 340878 dated June 6th, 2006), and
with the WIPO (Certificate No 986555 dated October 7th, 2008).

 

WHEREAS,
The Licensee intends to acquire a license for the use of the System and the Licensor is willing to grant such a license on
the terms and conditions set forth below.

 

WHEREAS,
The Licensee undertakes to become familiar with the System description, hardware requirements, terms of delivery and all the
information concerning the System and its components prior to entering into a contractual relationship under this Agreement.

 

NOW,
THEREFORE, in consideration of the mutual covenants and undertakings set forth herein, the Parties agree as follows:

 

1.
SUBJECT OF THE AGREEMENT

 

	1.1.	The Licensor hereby grants the Licensee a non-exclusive,
non-transferable, non-sublicensable, fee-based license with the right to download, install and use the System, intended for the
provision of brokerage services in the financial markets, as prescribed under this Agreement.

 

2.
DELIVERY SET AND PROCEDURE

 

	2.1.	The System delivery set contains the following components:

 

		●	MetaTrader
                                         4 Server (trading server);

 

			

		●	MetaTrader
                                         4 Data Center (proxy server);

 

			

		●	MetaTrader
                                         4 Manager (manager/dealer workstation);

 

			

		●	MetaTrader
                                         4 Administrator (administrator workstation);

 

			

		●	MetaTrader
                                         4 Client terminal;

 

			

		●	MetaTrader
                                         4 Watchdog (backup replication service);

 

			

		●	MetaTrader
                                         4 Manager API, MetaTrader 4 Server API, Datafeed API.

 

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	2.2.	The System shall be delivered to the Licensee within
three weeks following the execution of this Agreement, provided that the Licensor has received the first payment and the Licensee
has submitted the completed Application Form along with the necessary Due Diligence and KYC documentation.

 

	 	2.2.1.	In order to download the System components, the Licensor
shall grant the Licensee access to the MetaQuotes Support Center website (hereinafter referred to as the “Support Website”).
The Licensee shall login to the Support Website using the provided credentials to download the installation packages of System
components.

 

	 	2.2.2.	The Licensee shall follow the delivery procedure and
the instructions in the “Request for MetaTrader 4 Platform delivery” ticket at the Support Website. The Licensee shall
fill in and submit the White Label form provided in that ticket to issue the MetaTrader 4 Server license key. The license key
shall be sent to the corporate email address of the “Technical Administrator” in the Registration Questionnaire included
in this Agreement (hereinafter referred to as the “Appendix No. 2”).

 

	 	2.2.3.	The Licensee shall install the MetaTrader 4 Server using
the provided license key and activate it according to the System’s documentation. After the MetaTrader 4 Server is activated by
the Licensee, the Licensor shall issue the MetaTrader 4 Client Terminal White Label and provide the Licensee with the installation
link. The delivery of the System by the Licensor is considered complete once a notification containing the Client Terminal installation
file download link is sent to the Licensee via email.

 

		All System
    components shall be delivered in electronic form as program installation files. The installation files shall be provided by
    the Licensor and downloaded via the Internet without involving any tangible media. Documentation and the user manuals are
    built-in the System.

 

	2.3.	The Licensee shall accept the delivery of the System
with all its built-in components and options, and the Licensor warrants operational efficiency only in respect to the System copies
issued under this Agreement. The System is provided to the Licensee on an “as is” basis and the Licensor does not warrant
that the use of the System will be uninterrupted or error-free or that it will achieve its intended purpose or results.

 

	2.4.	Prior to using any System component, the Licensee undertakes
to read, accept and agree with the terms and conditions of the relevant End User License Agreement (“EULA”) included
in each system component. Violation of any term and/or condition of any relevant EULA shall constitute a material breach of this
Agreement and shall entitle the Licensor to immediately terminate it.

 

	2.5.	Access accounts to the Support Website are provided
upon receipt of the first payment, based on the information provided in Appendix No. 2.

 

3.
RIGHTS AND OBLIGATIONS OF THE PARTIES

 

	3.1.	The Licensee shall:

 

	 	3.1.1.	at all times conduct business activities as regards
this Agreement in a manner that does not reflect negatively on the System, the good name and reputation of the Licensor;

 

	 	3.1.2.	not withhold information as to the Licensor’s legal
ownership of the copyrights and other intellectual property rights in the System.

 

	 	3.1.3.	not alter, obscure, remove, interfere with or add to
any of the trademarks, trade names, markings or notices affixed to or contained in the System delivered to the Licensee; and

 

	 	3.1.4.	not attempt at any time unauthorized use and/or access
to the System and/or the Licensor’s intellectual property rights; and

 

	 	3.1.5.	not adapt, reproduce, enhance, translate, reverse engineer,
decompile, disassemble or otherwise modify or engage in any other similar manipulation of the System or any portion thereof without
the Licenser’s express prior written approval.

 

		Violation of
this clause shall constitute a material breach of this Agreement and shall entitle the Licensor to terminate it.

 

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	3.2.	The Licensee shall not participate in any illegal, deceptive,
misleading or unethical practices including, but not limited to, disparagement of the System or other practices which may be detrimental
to the System, Licensor or the public interest. In the event the Licensee is reported and/or found liable by a national and/or
international authority to have committed, or there is suspicion to have committed, a criminal activity or an act of a fraudulent
and related activity, the Licensor shall terminate the Agreement and withdraw the license.

 

	3.3.	The Licensee shall not, and/or shall not allow others
to, decompile, disassemble or reverse-engineer any program parts of the System or otherwise modify any software provided by the
Licensor, or compromise the data transmission protocols of the Licensor’s software security system or use services based on unlicensed
or hacked network protocols. Violation of this clause shall constitute a material breach of this Agreement and shall entitle the
Licensor to terminate it.

 

	3.4.	The Licensee undertakes to request the creation of access
accounts to the Support Website solely for the Licensee’s employees. The Licensee also undertakes to deactivate access accounts
of any former employees in a timely manner. Creation of access accounts for any third parties (partners, developers executing
the Licensee’s orders, broker representatives, agents, etc.) is strictly forbidden. Violation of this clause shall entitle the
Licensor to disable access to all Licensee’s accounts to the Support Website without prior notice.

 

		Notwithstanding the
    above, the Licensor may, on reasonable grounds, suspend the Licensee’s access to the Support Website.

 

	3.5.	The Licensee agrees to post its corporate name on the
Licensor’s systems in the capacity of the Licensor’s customer.

 

	3.6.	The Licensor may provide the Licensee with additional
White-Labelled versions of the MetaTrader 4 Client Terminal and other available System components. The terms of use of the White-Labelled
versions of the MetaTrader 4 Client Terminal are prescribed under the “White Label Agreement” (“Appendix No. 1”).
Prices and fees of all additional components are published at the Support Website and may be modified from time to time at the
Licenser’s own discretion.

 

	3.7.	All Intellectual Property Rights in the System are owned
by the Licensor and shall remain the exclusive property of the Licensor. Nothing in this Agreement intends to transfer any such
rights or to vest any such rights in the Licensee. The Licensee is only entitled to the limited use of the System only in the
manner described and in accordance with the terms of this Agreement.

 

	3.8.	The Licensee agrees and warrants not to publish on its
website and/or any website under its control, any materials and/or files derived from any unauthorized access to the System, its
components and/or its derivatives. In the event such materials are found to be published on the Licensee’s websites, forums or
other media controlled by the Licensee, they must be immediately removed. The Licensee also agrees and warrants not to distribute
any such materials by electronic and/or non-electronic form. Violation of the above terms shall constitute a material breach of
this Agreement.

 

	3.9.	Upon termination of this Agreement for any reason, the
Licensee agrees and warrants to remove and delete all copies of the System from the servers, personal computers and any other
devices of the Licensee, its employees, servants or agents. The Licensee is obliged to confirm in writing that all copies of the
System in its possession, manuals, promotional materials, technical information and other literature provided to the Licensee
within the scope of this Agreement have been returned to the Licensor, or destroyed.

 

	3.10.	The Licensee has a one-time right to “freeze”
the license, no earlier than 12 months after execution of this Agreement, for a maximum period of 6 (six) months, provided
that all payment obligations under this Agreement are fulfilled. All access to the System and to the Licensor’s resources shall
be ceased, and technical support fee shall be suspended, until the request for reactivation. In the event the Licensee does not
request reactivation within the prescribed period, this Agreement shall be terminated upon the Licensor’s written notice.

 

	3.11.	 The Licensee agrees and acknowledges that in addition
to the license fee payable to the Licensor, as hereby explained, the Licensee shall pay to the Licensor a mandatory monthly technical
support fee in accordance with the provisions of Section 5 of this Agreement. The technical support fee for the System may be
increased on an annual basis, at the Licensor’s own discretion. In such cases a notice in writing shall be given to the Licensee
at least one month in advance.

 

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	3.12.	As part of the technical support, the Licensor shall
periodically provide updates to the System to improve functionality, security and performance of the System components.

 

	3.13.	The Licensee shall apply any updates to the System components
provided by the Licensor via the Live Update service built into the System within 6 (six) months from the release of the System
update. Systems with builds older that 12 (twelve) months shall not be supported by the Licensor. The Licensor shall inform the
Licensee about the new System update release via email, or the information shall be published on the technical support website.

 

	3.14.	The Licensee shall configure the System in accordance
to the System’s built-in documentation. Additional materials, such as articles and F.A.Q.s may be published on the Support Website.

 

	3.15.	In addition to Clause 3.12, the Licensor shall provide
technical support by responding to requests created by the Licensee via the ticket system on the Support Website or directly via
the System as the preferred method of communication. Other methods, such as online-chat and/or e-mail shall be given secondary
priority. In emergency cases, the Licensee shall place a request in the ticket system and may stress the urgency via Hotline phones
published on the “Contacts” page at the Support Website.

 

	3.16.	The Licensor shall respond to requests created via the
ticket system on the Support Website or directly via the System in a timely manner. Configuration and API queries shall be attended
based on the Licensor’s resources availability.

 

4.
LICENSE USE AND RESTRICTIONS

 

	4.1.	The Licensor hereby grants the Licensee right of use
of the following number of copies of each System component:

 

		●	One
                                         copy of the MetaTrader 4 server for real accounts only, strictly for internal use of
                                         the Licensee;

 

		●	One
                                         copy of the MetaTrader 4 server for demo accounts only, strictly for internal use of
                                         the Licensee;

 

		●	One
                                         copy of the MetaTrader 4 backup server (controlled by MetaTrader 4 WatchDog service)
                                         for each trading server, strictly for internal use of the Licensee;

 

		●	One
                                         copy of the backup replication service (MetaTrader 4 Watch Dog) for each trading server,
                                         strictly for internal use of the Licensee;

 

		●	Unlimited
                                         number of copies of proxy servers (MetaTrader 4 Data Center), strictly for internal use
                                         of the Licensee;

 

		●	Unlimited
                                         number of copies of manager terminals (MetaTrader 4 Manager), strictly for internal use
                                         of the Licensee;

 

		●	Unlimited
                                         number of copies of MetaTrader 4 administrator terminals, strictly for internal use of
                                         the Licensee;

 

		●	Unlimited
                                         number of copies of MetaTrader 4 client terminals.

 

	4.2.	The Licensee undertakes to use only the above-mentioned
copies of the server components of the System. Use of additional copies is prohibited unless authorized by the Licensor. Copies
of the server components must be located at the server site either leased or owned by the Licensee. No other installations of
the server components are permitted, and violation of this clause shall constitute a material breach of this Agreement.

 

	4.3.	The Licensee agrees and warrants not to disclose or
provide to any White-Labelled Companies, third parties or persons other than its employees access to the System’s administrative
and/or managerial functions. The Licensee agrees and warrants that the White Label partners can have access only to the Client
Terminal issued for their particular entity and the Manager Terminal with read-only rights for monitoring, without any other rights
in the System. Violation of this clause shall constitute a material breach of this Agreement.

 

	4.4.	A branded Client Terminal is issued for a particular
legal entity and shall be used exclusively by that entity. Use of the branded Client Terminal by any other company, whether affiliated,
associated with and/or endorsed by that particular entity is forbidden.

 

	4.5.	Provision of services to traders through the System
shall be performed using solely the MetaTrader 4 Client Terminals, or additionally ordered Mobile terminals, issued by the Licensor.
Modifications of the Client or Mobile Terminals issued by the Licensor and/or use of any other Client or Mobile Terminals, is
prohibited. Violation of this clause shall constitute a material breach of this Agreement.

 

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	4.6.	Client Terminals branded under MetaQuotes Software Corp.,
downloaded from any website, shall only be used for demo and/or testing purposes. The Licensee acknowledges and agrees that any
other use is strictly forbidden.

 

	4.7.	The Licensee is allowed to use programs developed on
the basis of MetaTrader 4 Server API, MetaTrader 4 Manager API, MetaTrader 4 Report API, MetaTrader 4 Datafeed API, provided that:

 

		●	such
                                         programs are developed based on legitimately obtained APIs;

 

		●	such
                                         programs do not breach clause 4.5;

 

		●	the
                                         confidentiality of the API documentation is ensured at all times.

 

	4.8.	The Licensor does not warrant operational efficiency
of the System or its parts and components in conjunction with additional modules developed by the Licensee on the basis of the
available APIs, or any other programs developed by any third party.

 

	4.9.	The Licensee is prohibited to directly or indirectly
develop any similar software for his own or public use, based on the «Materials owned by the Licensor» specified in
Section 7 of this Agreement, and/or any other resources of the Licensor. Violation of this clause shall constitute a material
breach of this Agreement.

 

	4.10.	The Licensee agrees and acknowledges that the license
granted under this Agreement shall not be resold, forwarded, or transferred to any other legal entity and/or any third party.
Violation of this clause shall constitute a breach of this Agreement.

 

5.
PAYMENT TERMS AND PAYMENT PROCEDURE

 

	5.1.	The Licensee shall pay to the Licensor the license fee
in the amount of US $100,000 (One Hundred Thousand US Dollars) in accordance with the following schedule:

 

	 	5.1.1.	US $40,000 (Forty Thousand US Dollars) on the date of
this Agreement, upon the delivery of the first Invoice to the Licensee.

 

	 	5.1.2.	US $60,000 (Sixty Thousand US Dollars) to be paid in
10 (ten) monthly installments of US $6,000 (Six Thousand US Dollars), starting from the of August 2016.

 

	5.2.	The
    monthly technical support fee for the System starts on the lst of November 2016 and is equal to US $1,500 (One
    Thousand Five Hundred US Dollars).

 

	5.3.	The monthly technical support fee is mandatory and shall
not be terminated unless the whole Agreement is terminated, or unless the license is suspended in accordance with clause 3.10
of this Agreement.

 

	5.4.	The
    invoices issued by the Licensor are payable within 7 days of the date of their presentation. All payments are credited towards
    the Licensee’s account based on the permanent reference “6414078/Software license”, which must be
    stated on each bank transfer. In the event of a payment delay, a penalty shall be charged at the rate of 0.5% of the due amount
    for each day of delay. The total of the penalty shalt not exceed the amount of the payment owed.

 

	5.5.	All invoices are issued in electronic form and sent
to the Paymaster’s email address indicated in Appendix No. 2 hereto.

 

	5.6.	Payments must be settled through the Licensee’s corporate
bank account only. Licensor’s invoicing and bank details shall not be disclosed to any third Party or persons other than the Licensee’s
employees.

 

	5.7.	The Licensor shall receive full payments of the invoices,
without any deductions. Accordingly, the Licensee shall pay all outgoing, intermediary and incoming bank charges resulting from
transfers of payments to the Licensor. Any payments made in accordance with this Agreement are not refundable.

 

	5.8.	 The Parties agree that any tax obligations of either
Party related to this Agreement shall be fulfilled outside of this Agreement, in accordance with the legislation of the Party’s
country of residence and/or registration.

 

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	5.9.	Each invoice presented to the Licensee shall be settled
in full within the time specified herein Section 5. Continuous breach of payment terms and/or failure to pay invoices in full
for 3 (three) months from date of issue, shall constitute a material breach of this Agreement and shall entitle the Licensor to
terminate it.

 

6.
COMPLIANCE AND DUE DILIGENCE

 

	6.1	The Licensee
    hereby certifies that it is a legal entity and not an individual or a third party acting on behalf of this entity, and is the owner of the domain specified in this Agreement, or has the right and legal authority to use it. The Licensee undertakes to correspond with the Licensor in writing, using the corporate e-mail addresses only.

 

	6.2.	The Licensee shall provide up to date documents for
Due Diligence and KYC procedures deemed necessary by the Licensor, to update internal records from time to time. The Licensor
warrants confidentiality of all provided documents in accordance with Section 7 of this Agreement.

 

	6.3.	The Licensee represents and warrants that all information
and documents provided to the Licensor is complete, accurate and not misleading.

 

	6.4.	The Licensee undertakes to inform the Licensor, within
a reasonable time, of any changes in the legal/corporate status of the Licensee’s company (e.g. change of name, address, directors,
re-domiciliation). In the event of a material corporate change (e.g. mergers and acquisitions), whereby a different legal entity
becomes the owner and/or user of the System, the Licensor shall be notified not later than 30 days of such a change. Subsequently
the Parties shall terminate this present Agreement and execute a new Agreement with the new entity, under the applicable charges.
Failure to comply with this clause shall constitute a breach of this Agreement.

 

7.
CONFIDENTIALITY

 

	7.1.	The Licensee shall observe the conditions of confidentiality
with respect to this Agreement and its specific provisions, including but not limited to prices, fees and financial arrangements,
and shall recognize their commercial value for the Licensor, The terms and conditions of this Agreement are absolutely confidential
and shall not be disclosed to any third party, except as shall be necessary to effectuate its terms and/or unless legally compelled
to do so, and then, only upon timely prior notice to the Licensor giving sufficient time to contest any such disclosure.

 

	7.2.	Both Parties agree that, within the effective term of
this Agreement, as well as after its expiration, they shall treat as confidential and not use, or disclose to any third party
without the prior written consent of the other Party, any confidential information, including, without limitation, «Materials
owned by the Licensors, any operational or technical data, know-how or other information, business and strategic plans, discoveries,
production methods, designs, financial and accounting information, sales and marketing data, except when legally compelled to
do so under Clause 7.5 herein, and except for the cases where such information:

 

		●	exists
                                         in the public domain, or

 

		●	is
                                         already available to such Party at the moment of its disclosure, or

 

		●	subsequently
                                         passes into the public domain other than through the violation of this Agreement, or

 

		●	is
                                         expressly allowed to be made available by such Party to any third party; or

 

		●	is
                                         made available by such Party to a third party in a legal manner. 

 

	7.3.	The «Materials owned by the Licensor» include:

 

		●	System
                                         software, as well as any updates and upgrades thereto, new versions thereof and associated
                                         subsystems, parts, services and components, including secure data transmission protocols;

 

		●	Licenser’s
                                         technical solutions, any upgrades of such materials and any parts of such materials in
                                         any form;

 

		●	any
                                         other information or data, whether in written, graphical or machine-readable form, relating
                                         to the Licensor’s technical designs;

 

		●	Licensor’s
                                         technical documentation, articles, news and materials published at Support Website, www.mql4.com,
                                         www.mql5.com and any website owned by the Licensor or its partners.

 

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		The Licensee
    understands and acknowledges that the «Materials owned by the Licensor» are confidential information and
    constitute assets which are valuable for the Licensor. The Licensee shall not use any «Materials owned by the
    Licensor» for any purposes not specifically mentioned in this Agreement.

 

	7.4.	The Licensee undertakes not to disclose or provide any
«Materials owned by the Licensor» or any part thereof, in any form, to any persons other than its employees. The Licensee
undertakes to take appropriate steps to perform its obligations under this Agreement with respect to copying, modification, protection
and integrity of such «Materials owned by the Licensor».

 

	7.5.	In the event that either Party becomes compelled by
law to disclose any confidential information, the receiving Party shall provide the disclosing Party with prompt written notice,
so that the disclosing Party may seek a protective order or other appropriate remedy and/or waive compliance with the provisions
of Section 7 of this Agreement.

 

	7.6.	In the event that a protective order or other remedy
is not obtained, or the disclosing Party waives compliance to the provisions of Section 7 of this Agreement, the receiving Party
shall: (1) disclose only the portion of confidential information that is legally required to disclosed and (2) exercise all  reasonable
efforts to obtain reliable assurances that confidential treatment will be afforded to confidential information.

 

	7.7.	Any disclosure in violation of this Section shall be
deemed a material breach of this Agreement and shall entitle the Licensor to terminate it.

 

	7.8.	Termination of this Agreement for any reason by either
Party shall not relieve the Parties of any obligation with respect to information and documentation disclosed under this Agreement.

 

	7.9.	The provisions of this Section 7 shall survive the effective
term of this Agreement and shall remain in force indefinitely.

 

8.
INDEMNIFICATION AND LIMITATION OF LIABILITY

 

	8.1.	The Licensee understands and acknowledges that the Licensor
is a software development company and does not provide nor offers any kind of financial, investment, brokerage, trading, hosting
and data feed services in any local or international currency or stock market, nor is the Licensor involved in any respect, directly
or indirectly in any commission based payments concerning any trading operations of the Licensee. The Licensee shall indemnify
and hold harmless the Licensor against all claims, demands, actions, suits, damages, liabilities, losses, settlements, judgments,
costs and expenses including but not limited to attorney’s fees and costs, whether or not involving a third party claim, arising
out of the Licensee’s services in relation to the System.

 

	8.2.	The Licensee acknowledges and agrees that the laws and
regulations in some jurisdictions may prohibit or limit trading on some or all instruments, thus the System shall only be used
for viewing purposes and all functions for test purposes in such jurisdictions. In the event of the use of the System by the Licensee
in such jurisdictions without proper regulatory license where it is prohibited by law and/or by a financial regulator and constitutes
an offense, the Licensee is doing so at its own risk and without the Licensor’s consent or knowledge, and the Licensee indemnifies
the Licensor from any and all liability.

 

	8.3.	The Licensor does not provide Internet access and/or
trade server hosting services, nor has access to trade servers, transactions, databases or any other confidential information
of the Licensee. Hence, the Licensor shall not be deemed to be an insider with respect to the Licensee, its clients or traders
and shall not be held liable under any laws of the jurisdictions of any Party concerning the holders of privileged or inside information.

 

	8.4.	The Licensor does not provide services of a Web hosting
provider or computer equipment installation and monitoring services, therefore the Licensor cannot be held liable for any communication
and/or equipment failure, delay in reporting transactions in accounting books or their confirmation, or any fault in electric
circuits.

 

    7/14

     

    

 

	8.5.	In no event shall the Licensor, or any of its employees, affiliates, contractors, directors, officers be held liable to the Licensee
or any third party, whether in contract, tort (including negligence), or otherwise, whether foreseeable or not, for:

 

	 	8.5.1.	Any direct, indirect, incidental, special, punitive or consequential
damages (including without limitation any loss or corruption of data, interruption, computer failure or pecuniary loss) arising
out of the use or inability to use the System and/or services provided via www.mql4.corn and websites with mql5.com domain name;

 

	 	8.5.2.	Any loss of income, business, profits or anticipated savings (whether
direct or indirect), arising out of the use or inability to use the System and/or services provided via www,mq14.com and websites
with mq15.com domain name;

 

	 	8.5.3.	Any loss or damage arising out of or in connection with:

 

		●	Any
                                         disruption or delay in any communication when using the System and/or services provided
                                         via www.mql4.com and websites with mq15.com domain name;

 

		●	The
                                         suspension or termination of this Agreement by either Party;

 

		●	The
                                         Licensee’s decision not to update upon release of new versions of the System. This clause
                                         8.5 shall survive termination of this Agreement.

 

	8.6.	The Licensor shall not be held liable for any legal
actions and/or third party claims arising from the relationship between the Licensee and its customers, relating to the operation
of the System or from the use of any and all services provided on www.mq14.com and www.mq15.com web sites by the Licensee and
its customers.

 

	8.7.	The Licensee agrees to indemnify, hold harmless and
defend the Licensor from and against all claims, demands, actions, suits, damages, liabilities, losses, settlements, judgments,
costs and expenses, including but not limited to reasonable attorneys fees and costs, whether or not involving a third Party claim,
which arise out of the use or misuse of any White Label. The Licensee is solely responsible for determining the appropriateness
of use and assumes all risks associated with the use of White Labels, including but not limited to the risks of program errors,
damage to equipment, loss of data or software programs, or unavailability or interruption of operations. In no event shall the
Licensor be liable for claims, damages or other liability arising from, out of, or in connection with any White Label, whether
foreseeable or not.

 

9.
EFFECTIVENESS AND TERMINATION

 

	9.1.	This Agreement shall be deemed effective from the date
of its execution by both Parties and shall stay in force for one year and extend automatically for successive one year periods,
unless either of the Parties notifies the other in writing about the intention not to extend this Agreement. Extension of the
Agreement validity period is subject to the Licensee’s compliance with the terms under this Agreement, and in particular the fee
provisions of Section 5. Such extension shall not entail any other license fee, except the monthly technical support fee.

 

	9.2.	Either Party may terminate this Agreement at any time
by sending to the other Party a written notice to this effect at least 30 days prior to the date of the intended termination of
this Agreement.

 

	9.3.	Either Party shall have the right to terminate this
Agreement if the Parties are required to amend any material term of this Agreement as a result of a change in applicable laws
and the Parties are unable to agree as such amendments within 10 days from the commencement of such discussions.

 

	9.4.	Either Party shall have the right to immediately terminate
this Agreement on the occurrence of any of the following events:

 

		●	the
                                         other Party commits a material breach of this Agreement which breach is irremediable
                                         or (if such breach is remediable) fails to remedy that breach within a period of 10 days
                                         after being notified in writing to do so;

 

		●	the
                                         other Party becomes insolvent/dissolved, or under administration;

 

		●	the
                                         other Party voluntarily files or has filed against it a petition under applicable bankruptcy
                                         or insolvency law;

 

		●	the
                                         other Party discontinues its business.

 

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	9.5.	Termination of this Agreement for any reason whatsoever
shall not excuse the Licensee from paying to the Licensor all fees owed pursuant to Section 5 and all unpaid fees shall become
due and payable.

 

	9.6.	The Licensor shall not be liable to the Licensee for
damages of any kind that derive from the termination of this Agreement in accordance with its terms and conditions. The Licensee
waives any rights it may have to receive any compensation or reparation for termination of the Agreement under any laws.

 

	9.7.	In the event of the termination and abandonment hereof,
pursuant to the provisions of this Section hereof, this Agreement shall become void and have no effect, without any liability
on the part of any of the Parties, except for the liability of the Licensee for fee payment pursuant to Section 5 hereof, removal
of all copies of the System pursuant to Clause 3.10, and except either Party’s confidentiality obligations pursuant to Section
7, that shall remain in force indefinitely.

 

10. SEVERABILITY

 

	10.1.	If any term or any part of a provision of this Agreement
is found by a competent judicial authority to be invalid or unenforceable in any respect, the validity of the remainder of this
Agreement shall be unaffected, provided that such unenforceability does not materially affect the operation of this Agreement.

  

11.
WAIVER 

 

	11.1.	A Party’s failure to exercise or delay in exercising
any right, power or privilege under this Agreement shall not operate as a waiver; nor shall any single or partial exercise of
any right, power or privilege preclude any other or further exercise thereof.

 

12.
GOVERNING LAW

 

	12.1.	This Agreement and any dispute arising hereunder shall
be governed by and construed in accordance with the laws of the Republic of Cyprus. Any disputes arising between the Parties shall
be settled through negotiations between them. In the event a dispute cannot be resolved through the negotiations of the Parties,
it shall he resolved in the manner prescribed by the laws of the Republic of Cyprus and the Parties shall submit to the exclusive
jurisdiction of the courts of the Republic of Cyprus.

 

	12.2.	Any disputes arising between the Licensee’s directors,
or owners, or shareholders regarding any issues related to the use of the System under this Agreement shall be solved without
the involvement and/or arbitration of the Licensor.

 

	12.3.	Any other issues which are not addressed by this Agreement
shall be governed by the laws of the Republic of Cyprus.

 

13.
MISCELLANEOUS

  

	13.1.	The Licensor may introduce changes to the terms and
conditions of this Agreement deemed necessary from time to time. The Parties shall coordinate and cooperate with each other in
order to enter and execute supplementary/amending arrangements to facilitate such changes. Any amendments and/or supplements to
this Agreement shall be invalid unless made in writing and duly signed by both Parties.

 

	13.2.	Any notices required or permitted to be given under
this Agreement shall be given in writing and shall be delivered by any of the following means: (i) in person, (ii) courier service,
(iii) registered mail, (iv) electronic mail to the address specified in this Agreement or such other corporate address as either
Party may specify in writing.

 

	13.1	The express terms and conditions of this Agreement are
in lieu of all warranties, conditions, terms and obligations whether implied by or arising under statutes, common law, custom,
trade usages, common practice, business or other provisions, all of which are hereby excluded to the fullest extent permitted
by law.

 

	13.4.	This Agreement shall be executed in 2 (two) original
copies one for each of the Parties. All original copies hereof are identical, prepared in English and legally equal. The Licensor
shall sign the 2 (two) original copies of this Agreement and mail them to the Licensee at the address indicated in Appendix No.
2. The Licensee shall sign each page of both original copies and return 1 (one) copy to the Licensor in the shortest time possible.

 

    9/14

     

    

 

DETAILS
OF THE PARTIES

 

	THE
    LICENSEE	 	THE
    LICENSOR
	 	 	 
	ACM
                                         Group Ltd.

         
	 	MetaQuotes
                                         Software Corp.

         

	No.
                                         5 Cork Street, Belize City, Belize

         
	 	P.O.
    Box N-341, Charlotte House, Charlotte Street, 

Nassau, Bahamas
	 	 	 
	Website: www.agmbroker.com	 	Website: www.metaquotes.net
	 	 	 
	Tel.:
    +86 01065020507	 	Tel.:
    +31 106690521
	 	 	 
	Director:
                                         Zhentao Jiang

                                                                                                                                                                     
/s/ Zhentao Jiang	 	Head
                                         of Asia Pacific Branches: Eric Lee

 

    10/14

     

    

 

APPENDIX
No. 1: WHITE LABEL AGREEMENT

 

This
White Label Agreement (hereinafter referred to as the “Appendix No. 1”) is made by and between the Parties and constitutes
an integral part of the Agreement No. AGMGR-01 (“hereinafter referred to as the “Agreement”), and together they
set forth the entire agreement between the Parties.

 

NOW,
THEREFORE, the Parties agree as follows:

 

1. SUBJECT

 

	1.1.	This Appendix No. I is executed by the Parties for the
issuing of White-Labelled versions of MetaTrader Client Terminals (hereinafter referred to as the “MetaTrader Client Terminals”)
for the Licensee’s White Label partners (hereinafter referred to as the “White-Labelled Companies”). All terms and conditions
set forth below in this Appendix No. 1 shall apply to all MetaTrader Client Terminals issued at any time.

 

2. REPRESENTATION
AND WARRANTIES AS TO WHITE-LABELLED COMPANIES

 

	2.1.	The Licensee represents
    and warrants that each White-Labelled Company has fulfilled all registration, qualification and/or other requirements of the
    applicable jurisdiction and is duly organised, validly existing and in good standing.

  

	2.2.	The Licensee represents and warrants that each White-Labelled
Company is approved and/or authorized and/or qualified under its local regulatory requirements to provide services in the financial
markets.

 

	2.3.	The Licensee represents and warrants that the White-Labelled
Companies have all requisite authority to enter into contract with the Licensee and be fully bound by such a contract, and all
necessary action has been taken in connection with such a contract.

 

	2.4.	The
    Licensee represents and warrants that all information and documentation provided by each White-Labelled Company is complete,
    accurate and not misleading.

 

	2.5.	The Licensee shall inform the Licensor of any developments,
of which Licensee becomes aware, that may significantly impact each White-Labelled Company’s functions and operations and may
lead to a breach of applicable laws and regulatory requirements.

 

3. RIGHTS
AND OBLIGATIONS OF THE PARTIES

 

	3.1	The Licensor shall issue each MetaTrader Client Terminal
under the name of each White-Labelled Company, presuming the receipt of the payment as per Clause 4.1 herein below, the filled
in and signed Application Form, Due Diligence and KYC documentation, as well as the filled in White Label form provided in the
order ticket at the Support Website.

 

	3.2.	The Licensee acknowledges and agrees that all Intellectual
Property Rights in the System are owned by the Licensor and shall remain the exclusive property of the Licensor, and nothing in
this Appendix No. 1 intends to transfer any such rights or to vest any such rights in the White-Labelled Company, The White-Labelled
Company is only entitled to the limited use of the MetaTrader Client Terminal only in the manner described and in accordance with
the terms of this Appendix No. 1.

 

	3.3.	Each MetaTrader Client Terminal is issued for the particular
White-Labelled Company and shall be used exclusively by that White-Labelled Company. Use of the MetaTrader Client Terminal by
any other company, whether affiliated or belonging to the same group of companies, is forbidden.

 

	3.4.	Each MetaTrader Client Terminal is issued for the particular
White-Labelled Company only and shall not be re-sold, forwarded, or transferred to any other legal entity and/or third party.

 

	3.5.	The Licensee is
    solely responsible for determining the appropriateness of use and assumes all risks associated with the use of each MetaTrader
    Client Terminals by the White-Labelled Companies, including but not limited to the risks of program errors, damage to equipment,
    loss of data or software programs, or unavailability or interruption of operations. The Licensee indemnifies the Licensor
    from any and all liability.

 

    11/14

     

    

 

	3.6.	The Licensee is obliged to inform the Licensor’s support
team of any contact details change of each White-Labelled Company (e.g. website, email,
address) to enable their update in the MetaTrader Client Terminal.

 

	3.7.	The Licensee is hereby obliged to execute regular Due
Diligence and KYC investigation procedures on White-Labelled Companies. In the event a White-Labelled Company is in breach of
the applicable laws and regulations of its jurisdiction, e.g. is not in a good standing, and/or has been through material legal/corporate
changes, such as change of control, the Licensee shall notify the Licensor immediately and request the cancellation of the corresponding
MetaTrader Client Terminal of such White-Labelled Company. In the event the Licensee fails to inform the Licensor of any material
change it becomes aware of, i.e. gross breach or insolvency of a White-Labelled Company within 5 (five) business days, and the
Licensor obtains information from another source of such changes and breaches, the Licensor shall have the right to disable such
a MetaTrader Client Terminal immediately, without any notification to the Licensee.

 

In
the event the Licensee informs the Licensor of the status change of the White-labelled Company, a subsequent registration of a
new entity by the White-Labelled Company shall not entitle transfer of the MetaTrader Client Terminal to the new entity.

 

	3.8.	The effective period of each MetaTrader Client Terminal
shall be determined by the Licensee at its sole discretion, provided that all Due Diligence, KYC and financial obligations under
this Appendix No. 1 have been fulfilled. The Licensor may upon reasonable grounds cancel a MetaTrader Client Terminal by providing
a written notice of 10 days to the Licensee.

 

	3.9.	The Licensee, upon termination of a contract with any
White-Labelled Company, shall request cancellation of such MetaTrader Client Terminal, and shall ensure that all references, links
and materials owned/controlled by the Licensor are removed from the White-Labelled Company’s websites, and shall confirm this
to the Licensor.

 

4. PAYMENT
TERMS AND CONDITIONS

 

	4,1	The Licensee shall effect a payment for each MetaTrader
Client Terminal, followed by a monthly technical support fee. Prices of all additional components are published at the Support
Website and may be modified from time to time, at the sole discretion of the Licensor.

 

	4.2.	Payments shall be settled only through the Licensee’s
corporate bank account. Licensor’s invoicing and bank details shall not be disclosed to any White-Labelled Company or any third
party or persons other than the Licensee’s employees. Payments from the White-Labelled Companies’ corporate bank account are not
permitted.

 

5. INDEMNIFICATION
AND LIMITATION OF LIABILITY

 

	5.1.	The Licensee shalt defend, hold harmless and fully indemnify
the Licensor, its affiliates and staff from and against any and all liability, claims, demands, actions, suits, damages, liabilities,
losses, settlements, judgments, costs and expenses including attorney’s fees, whether or not involving a third party claim, that
arise or are alleged to have arisen as a result of the use or misuse, whether negligent or intentional, of the MetaTrader Client
Terminals by the While-Labelled Companies.

 

	5.2.	In no event shall the Licensor, or any of its employees,
affiliates, directors, officers be held liable to the Licensee or any third party, whether in contract, tort (including negligence),
or otherwise, whether foreseeable or not, for:

 

	 	5.2.1.	Any direct, indirect, incidental, special, punitive
or consequential damages (including without limitation any loss or corruption of data, interruption, computer failure or pecuniary
loss) arising out of the use or inability to use the MetaTrader Client Terminal;

 

	 	5.2.2.	Any loss of income, business, profits or anticipated
savings (whether direct or indirect), arising out of the use or inability to use the MetaTrader Client Terminal;

 

	 	5.2.3.	Any loss or damage arising out of or in connection with:

 

	 	●	Any disruption or delay in any communication when using
the MetaTrader Client Terminal;

 

	 	●	The suspension or termination of this Appendix No. 1
by either Party;

  

		●	The
decision of the Licensee not to supply the White-Labelled Companies with direct download links for the regularly updated version
of the MetaTrader Client Terminal.

 

    12/14

     

    

 

	5.3.	The Licensor shall not be held liable for any legal
actions and/or third party claims arising from the relationship between the Licensee and the White-Labelled Companies.

 

6. CONFIDENTIALITY

 

	6.1.	The confidentiality provisions under Section 7 of the
Agreement shall be adhered to.

 

	6.2.	The Licensee shall ensure that each White-Labelled Company
shall keep all matters relating to the MetaTrader Client Terminal and the System confidential.

 

	6.3.	Confidentiality provisions shall survive the termination
of this Appendix No. 1 and shall remain in effect indefinitely.

 

7. DISPUTE
RESOLUTION

 

	7.1.	Any disputes arising between the Licensee and each White-Labelled
Company and/or its clients shall be solved without the involvement and/or arbitration of the Licensor.

 

DETAILS OF THE PARTIES

 

	 	THE LICENSEE	 	THE LICENSOR
	 	 	 	 
	 	AGM Group Ltd.	 	MetaQuotes Software Corp.
	 	 	 	 
	 	Director:
    Zhentao Jiang	 	Head of Asia Pacific Branches: Eric Lee
	 	 	 	 
	 	/s/ Zhentao
    Jiang	 	 

 

    13/14

     

    

 

APPENDIX
No. 2: REGISTRATION QUESTIONNAIRE

 

	1.
    Information for postal delivery
	Company
    name	AGM
    Group Ltd.
	 	 
	Recipient’s
    name	Alan
    Mi
	 	 
	Telephone
    (including the country code)	+86
    13910254730
	Full
    mailing address of the company (country, city, ZIP code, correct address)	Room
    2112, Wangzuo Plaza East Tower, 1 Jinghua South Road, Beijing 100020, China
	2.
    Technical administrator contact details
	Full
    name	Alan
    Mi
	Corporate
    email	support@agmbroker.com
	Telephone	+86
    13910254730
	Skype	 
	3.
    Paymaster
	Full
    name	Jiang
    Zhentao
	Corporate
    email	manager@agmbroker.com
	Telephone	+86
    13910254730
	Skype	 
	4.
    Marketing manager	
	Full
    name	Jerry
    Tang
	Corporate
    email	marketing@agmbroker.com
	Telephone	+86
    13910254730
	Skype	 
	5.
    Access accounts of MetaQuotes Support Center
	Full
    name, corporate email and login (CEO)	Zhentao
        Jiang

        manager@agmbroker.com

        agmgroup01

	Full
    name, corporate email and login (Technical administrator)	Alan
        Mi

        support@agmbroker.com

        agmgroup02

	Full
    name, corporate email and login (Paymaster)	Zhentao
        Jiang

        manager@Pagmbroker.com

        agmgroup01

	Full
    name, corporate email and login (Marketing manager)	Jerry
        Tang

        marketing@agmbroker.com

        agmgroup03

	6.
    Main White Label details
	License
    name (section “About” in the client terminal)	AGM
    Group Ltd.
	White
    Label name (logos and terminal branding)	AGM
    GROUP FX  TRADER

 

 

14/14

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