Document:

Exhibit 10.1

 

Contract No.;

 

Technical Development
(Commission) Contract

 

Project name: OMG Card (B2C, O2O Whole
Industry Chain Service Platform Based on Membership Consumption System) 

 

Client (Party A1): ChinaNet Online Holdings,
Inc.

 

Joint client (Party A2, referred to as “Party
A” separately or jointly with Party A1): ChinaNet Online Technology Co., Ltd.

 

Assignee (Party B): REDRUN LIMITED

 

Term of validity: three years

 

 

 

 

 

 

 

 

    

    

    

Technical Development Commission Contract

 

Client (Party A1): ChinaNet Online Holdings,
Inc.

Domicile: Nevada, USA

Legal representative: Cheng Handong

Project contact: Xing Hailong

Contract address: No. 6 Building, Yuquan
Huigu, No.3, Minzhuang Road, Haidian District, Beijing

Mob: 1891 129 9680

 

Joint client (Party A2, referred to as “Party
A” jointly with Party A1): ChinaNet Online Technology Co., Ltd.

Domicile: Taiwan

Legal representative: Zhu Kai

Project contact: Zhu Kai

Contact address: F/4, No. 1, Yuandong Road,
Banqiao District, New Taipei City, Taiwan

Mob: 1352 283 1530

 

Assignee (Party
B): REDRUN LIMITED

Domicile: Hong Kong

Legal representative: Feng Jianxin

Project contact: Feng Jianxin

Contact address: Unit 04, 7/F, Bright Way
Tower, No.33 Mong Kok Road, Kowloon, HK.

Mob: 1381 180 5248

 

 

 

 

 

    

    

    

In this Contract, Party A jointly commissions
Party B to research and develop OMG Card (B2C, O2O Whole Industry Chain Service Platform Based on Membership Consumption System),
Party A, according to the agreement herein, pays the research and development (R&D) fund and compensation and Party B receives
the commission and conducts this R&D work. Through equal consultation of all parties, on the basis of true and full expression
of their respective willing, the following Agreement has been reached and shall be abided by each party in accordance with the
regulations of the Contract Law of People's Republic of China.

 

Article I Requirements of the R&D
project herein are as follows:

		1.	Big membership management function based on the blockchain technology

 

Big membership
interaction function:

Establishing
the consumption member interaction mechanism between merchants and individuals of the whole industry using blockchain technology
based on tamper-proof information guarantee, such as, information resource management, advertisement information push, real-time
information push, coupon push, integral assets transfer.

 

Big membership
sharing function:

Establishing
a big member system database system produced based on the distributed technology. OMG Card platform provides trusted merchants
with the trust information sharing mechanism based on tamper-proof membership ranking, industry category, authority level and other
conditions via the distributed database system.

 

Whole industry
business friend circle function:

Building a
whole industry business friend sociable interaction system based on the distributed database system. OMG Card platform trusted
merchant members can build business friend circles between different industries to achieve the distributed sharing mechanism in
different forms so as to realize diversified, trusted business channels and customer development channels.

    

    

    

 

		2.	One-card-management distributed account book management function

Consumption
bookkeeping function:

Establishing
a one-card-management account book management system so that the consumers can easily realize their personal financial management,
bookkeeping, statistics, analysis, smart remainders, budget outlays, credit value management, etc.

 

Information
statistics function:

Doing information
statistics from the track of a series of individual demand activities including clothing, eating, living and traveling, build a
distributed consumption database system, enhance the credit value of users, so that users can understand themselves and the world
through data and find how to interact with the society.

 

Intelligent
analysis and data visualization function:

Building an
intelligent analysis system to make humane and living data. OMG Card platform data analysis system turns the data more visualization
and humanization, and digitalizes the life in visible form.

 

Humanistic
care functions with humanization:

Facing to
the data statistic form, OMG Card platform understands the psychological activities, preference, and behavior trend of users in
an intelligent manner rather than simply feedback to users, thus determining the user's emotional value and selectively feedback
valuable, readily comprehensible data form.

 

		3.	Big data ad behavior targeting advertising

Location based
service:

Building a
big data precise analysis system, and according to the result after analysis by system, achieve the precise advertising in multiple
dimensions including the classification, region, user preference, demand target, emotional trend.

 

Preference
based service:

The final
purpose of advertising and activation of the demand motivation of users is to produce purchasing deeds, build OMG Card big data
system, analyze user preference, understand real needs of users, according to preference data of users, form the user consumption
habit so as to achieve preference advertisement release.

    

    

    

 

		4.	Big data statistical analysis function

Intelligent
statistics and data visualization function:

Establishing
an intelligent system focusing and tracking user data, and make those behavior data become more and more valuable. OMG Card intelligent
statistic system tracks the occurrence of user behaviors, records the behaviors with data (not limited to commercial deeds), so
as to make data truly useful.

 

		5.	Transaction log value added

Point awarding
system based on the blockchain technology:

Building an
accumulated point awarding system written by blockchain technology, conduct offline consumption and online sharing, do favorable
activities in membership form so as to obtain a digital bookkeeping voucher reward written by block chain technology. This
accumulated point voucher can be consumed, transferred as valuable asset voucher.

 

Universal
accumulated points system based on the blockchain technology:

Establishing
a universal accumulated point system. The digital awarding voucher can be used in any place where voucher trading can be accepted,
transferred, and deducted for consumption, etc.

 

		6.	Blockchain technology security function

Credit system:

Building a
credit system based on the blockchain technology security function. The credit system of OMG Card not only includes the assessment
system, but a series of security system of products and services, and valuable integrating system to ensure the value existence
and dependability of products, services, and users.

 

    

    

    

Equipment requirements:

Ensure normal running
of software program. Specific requirements are as follows:

		(1)	Blockchain bottom system: the architecture should be above Centos 6.5 64-bit version

		(2)	Business system: it can run on iOS 9 and Android 4.4 version and above

		(3)	Account book system: browser running of Chrome 11, IE 10 version and above is supported;

 

Article II Party B shall submit
the R&D plan to Party A within fifteen days after this Contract takes effect. The R&D plan shall include the main contents
as follows:

		1.	Project organizational structure: it should include the introduction of position responsibilities
and main members of project teams;

		2.	Project implementation scheme: project initiation; software development; installation, debugging,
training, user trial and software redevelopment, and preliminary test of system under test environment; installation, debugging,
training, system trial running and software maintenance development, and terminal test of system under trail environment;

		3.	After -sales service: system usage training and daily maintenance consulting.

 

Article III Party B shall complete
the R&D according to the flowing schedule:

1. Complete the
basic survey of OMG Card project before December 30, 2017; for avoidance of doubts, each party confirms that Party B has finished
such basic survey on February 1, 2018;

2. Complete the
basic prototype design of OMG Card platform and application software before March 30, 2018;

3. Basically finish the development of
OMG Card platform and application software framework before October 30, 2018;

4. Complete the internal basic test running
of OMG Card system before December 31, 2018;

5. Complete the installation testing of
OMG Card system, and offer use training before June 30, 2019;

 

    

    

    

Article IV Party A shall provide
Party B with the technical data and coordination matters as follows:

1. Technical data list:
System Design Requirement, Departmental Function Description and Organizational Structure Related to Systematic
Construction, Systematic Training Plan Schedule and Software Instructions.

2. Time and method for
offering: System Design Requirement shall be offered within 3 working days after the signing of the contract; Systematic
Training Plan Schedule shall be offered before the system training. The offering shall be made in written form, affixed with
the official seal. Departmental Function Description and Organizational Structure Related to Systematic Construction can be offered
in oral or paper materials during the investigation and study.

3. Other coordination
matters: coordinate Party B in demand survey.

 

After the performance
of this Contract is completed, the aforesaid technical data shall be processed according to the following method: Party B will
place the data on file, and sign a confidential agreement and shall not disclose it.

 

Article V Party
A shall pay the R&D fund and compensation as per the following method:

1. The
total amount of R&D fund and compensation is USD (in words): Four Million, Five Hundred Thousand Only.

 

2. The
R&D fund and compensation will be paid to Party B by Party A in installments. The specific payment method and time is as follows:

(1) On
condition that within 60 working days from December 30, 2017, the formal contract is signed after the first survey is finished,
Party A1 shall make the down payment to Party B of the contract within 15 working days from the signing of the contract, totaling
40% of the total contract price, in USD (in words): One Million, Eighty Hundred Thousand Only.

(2) When
the basic prototype design of OMG Card platform and application software is completed, Party A1 will make the second payment
of this project to Party B within 5 working days, totaling 10% of the total contract price, in USD $: Four Hundred and Fifty
Thousand Only.

    

    

    

 

(3) When
the general framework of OMG Card platform and application software is built, Party A1 will make the third payment of this
project to Party B within 5 working days, totaling 25% of the total contract price, in USD $: One Million, One Hundred and
Twenty five Thousand Only.

(4) When
the development of OMG Card platform and application software is basically completed, and internal test running is conducted
in Party B, meanwhile, after the running result is communicated to and agreed by Party A, Party A1 will make the fourth
payment of this project to Party B within 5 working days, totaling 20% of the total contract price, in USD (in words): Nine
Hundred Thousand Only.

(5)
After the installation of the system and equipment is finished in Party A, upon putting into running test, and the final test
is made by Party A, qualified (the time for final test shall be agreed by Party A and Party B, but the longest period shall
be no more than 3 months after the qualification of final test), Party A1 shall pay the balance of the project, namely 5% of
the total contract price, in USD (in words): Two Hundred and Twenty five Thousand Only.

 

3. The designated collection
account by Party B:

Account name:
RedRun Limited

Bank of deposit:
Hang Seng Bank Limited

Account No.: 390648467883

 

Article VI The R&D fund and
compensation of this Contract will be used by Party B in a way of independent distribution, and Party A has the right to inspect
the situation of R&D and usage of R&D fund by Party B in the way of supervision, without hindering the normal work of Party
B.

 

Article VII The
changes of this Contract must be negotiated by each party through consensus, and confirmed in a writing form.

 

    

    

    

Article VIII Without
the agreement of Party A, Party B shall not transfer part of or all of research work of the project herein to a third party.

 

Article IX During
the performance of this Contract, if technical difficulties occur that are hard to overcome under the existing technique condition
which results in the failure of the research and development or part of it, and causes losses of one party or other parties, each
party shall bear risk losses agreed as follows, which shall be settled through negotiation.

 

All the parties have
determined that the technical risk of the project herein shall be identified with the method negotiated by all parties. The basic
contents of the affirmed technical risks shall include the existence, scope, extent and loss degree of the technical risks.

 

The basic conditions
for identification of technical risks include:

1. This contract project
has enough difficulty under the existing technical level condition;

2. Party B has no
failure in terms of subjectiveness and the failure of R&D has been confirmed as reasonable

 

In case that one party
finds the existence of technical risk which might cause failure of R&D or part of R&D, it shall notify the other party
within 10 days and take proper measures to reduce losses. On condition that the failure of giving notice on time or failure of
taking proper measures results in the expansion of losses, the responsibility in compensation for the expanding losses shall be
assumed.

 

Article X During
the performance of this Contract, the technique as the object of R&D has been publicized by others (including publicity in
the way of patent right), Party B shall notify the other party of rescinding the contract within 15 days; if the overdue notice
is made and the losses of the other party are caused, the other party shall be entitled to demanding compensation for such losses.

 

    

    

    

Article XI All
parties confirm that the confidentiality obligations shall be kept by them as follows:

Party A:

1. Confidentiality
contents (including technical information and operation information): key techniques shall not be disclosed to a third
technical company.

2. Scope of
personnel involved in confidentiality: all the personnel involved

3. Confidentiality
period: three years

 

Party B:

1. Confidentiality
contents (including technical information and operation information): as for all the information, data and materials known
and used (including but not limited to the confidentiality information like the computer program, product plan, flow chart,
market and sales information, know-how and commercial secrets owned or provided by Party A) that belong to Party A or
provided by Party A, Party B shall not spread to a third party or in the range beyond this contract for use; after the
closing of this contract, Party B shall not retain the confidential information, data and materials involved in this project
in any form.

2. Scope of
personnel involved in confidentiality: all the personnel who engage in development.

3.
Confidentiality period: three years.

4.
Disclosure responsibility: bearing all the losses incurred to Party A or the losses after examination and assessment
by relevant agencies accepted by Party A.

 

Article XII Party
B shall deliver the R&D results in the following method:

1. The
delivery method and amount of the R&D results: delivery by mail or delivery on site: one set of equipment and software
program.

2.
Delivery time and place of the R&D results: completion and submission to Party A before June 30, 2019.

 

Article XIII All
parties confirm that the acceptance of the R&D results completed by Party B shall be conducted according to the standard and
method accepted by Party A: after the installation and debugging by Party B, Party A shall be notified for arranging acceptance
within 5 working days. If the products are unqualified during examination and acceptance, Party B shall be responsible for providing
products that meet the quality requirement agreed herein again within the agreed period.

 

    

    

    

Article XIV Party
B shall ensure that R&D results it deliver to Party A do not infringe legal rights and interests of any third party, and in
case that a third party accuses Party A of technique infringement, Party B shall bear all the results incurred thereby. Any laws
and rules of China shall not be breached. Otherwise, in case of Party A being penalized, Party B shall bear all the consequences
arising from this.

 

Article XV All
parties determine that the R&D results and relevant attribution of right of intellectual property generated due to the performance
of this Contract shall be handled as per the method 1 as follows.

1. Party A enjoys
the right to apply for a patent.

The usage and distribution
method of related interests after the acquisition of patent are as follows: enjoyed by Party A.

2. They will be
handled by technical secret approach. The ownership of usage and transfer right and interests arising therefrom shall be dealt
with as agreed:

(1) Use
right of technical secret: enjoyed by Party A

(2) Transfer
right of technical secret: enjoyed by Party A

(3) Distribution
method of relevant interests: enjoyed by Party A

 

All parties specially
agree on ownership of the right of intellectual property related to this Contract as follows: the software intellectual property
of a third party used in the development belongs to the third party, and the copyright of the original software of Party B used
during the development still belongs to Party B. For avoidance of doubts, after paying the total contract price under this Contract,
Party A shall enjoy the entire ownership and corresponding intellectual property rights of achievements involved in OMG Card under
this Contract; unless otherwise agreed by the parties, the copyright, trademark right, software copyright, right to apply for a
patent, patent right produced for the execution of this Contract shall be solely owned by Party A. Except as otherwise provided
in this Contract, Party B shall not enjoy any right of the aforesaid achievements, and shall not voluntarily use or allow any third
party to use such achievements in any form without permission.

 

    

    

    

Article XVI Party
B shall not voluntarily transfer the R&D development results to a third party without permission before delivery them to Party
A. Otherwise, Party B shall return all the payments made by Party A and compensate losses caused to Party A therefrom.

 

Article XVII The
R&D personnel who complete this contract project of Party B enjoys the right to indicate the accomplisher of technical achievements
and related certificates of honor, awards on relevant technical achievement documents.

 

Article XVIII
The properties including the equipment, appliances, materials related to the R&D purchased with the R&D fund shall belong
to Party B.

 

Article XIX All
parties concerned determine that Party B shall, as requested by Party A, after delivery of the R&D achievements, provide technical
guidance and training to the designated personnel of Party A or offer technical services related to the usage of such R&D results.

1. Technical
service and guidance contents: use and maintenance of software and system.

2. Location and
use method: Providing free training in the location provided by Party A.

 

Article XX All
parties confirm that: if either party breaches the regulations of this Contract causing the stagnation, delay or failure of the
R&D, except as specified below, and resulting in other party bearing any expense, responsibility or incurring losses, the breaching
party shall compensate the performing party for the aforesaid any losses (including but not limited to the interests and attorney
fee paid or lost due to breach of contract).

    

    

    

  

Meanwhile, each party
further agrees and confirms that:

1. In case that
Party B breaches the provisions of Article III in this Contract, it shall pay the liquidated damages to Party A, amounting to 5%
of the total contract price.

2. On condition
that Party A breaches the provisions of Article IV in this Contract, it shall pay liquidated damages to Party B, amounting to 5%
of the total contract price.

 

Article XXI All
parties confirm that Party A is entitled to make subsequent improvements using the R&D results provided by Party B according
to the contract herein. The new technical results and the ownership of right generated with substantial or innovative technical
progress characteristics shall be enjoyed by Party A or Party A's assigned party.

 

Approved by Party A in
writing, Party B has rights to make subsequent improvements using such R&D results after completing the agreed R&D herein.
The new technical results with substantial or innovative technical progress characteristics shall be owned by both Party A and
Party B. The Distribution method of specifically related interests is as follows: they shall be shared by Party A and Party B together.

 

Article XXII Each
party confirms that within the term of this Contract, Party A appoints Wu Jenfeng as Party A’s project contact, and Party
B assigns Party B’s project contact to Lu Wenzheng. The project contact shall bear the following responsibilities:

1. The project contact
of Party A is responsible for offering the system functional needs, and materials required by Party B.

2. The Party
B’s project contact is responsible for the reporting of development progress of the system, and coordination of
relationship of all aspects.

 

In case either party
alters the project contact, it shall timely notify the other party in writing. On condition that it fails to notify the other party
and there is an impact on the performance of this contract or losses are caused, it shall bear the corresponding responsibility.

 

    

    

    

Article XXIII
All parties determine that, in case that any one of the following circumstances occurs, causing unnecessary or impossible performance
of the performance of this contract, one party may notify the other party to terminate this Contract.

1. Force
majeure or technical risks occur.

2. If any party
is influenced by the force majeure, including the war, severe flooding, flood, typhoon, earthquake, in the execution of the contract,
the period for such execution shall be extended, and the extended period shall be equal to the time influenced by the accident.

3. On
condition that any party couldn’t fulfill the contract due to force majeure, it shall timely notify the failure of
performance or the cause of failure of complete performance to the other party, and after obtaining the certificate from
relevant authorities, the delay performance, partial performance or nonperformance of the contract should be permitted, and
part of or all of the breach responsibility may be waived depending on the circumstance.

 

Article XXIV All
parties confirm that the conclusion, effect, interpretation, performance and dispute settlement of this Contract shall be governed
and interpreted by the law of China. The dispute arising from the execution of this Contract shall be settled through negotiation,
mediation by each party, in case of failure, it shall be dealt with according to the following method one:

1. Submit to
Beijing Arbitration Commission for arbitration

2. File a
suit with the people's court according to law

 

For avoidance of doubts,
all parties shall further agree and confirm that the dispute submitted to Beijing Arbitration Commission for arbitration as agreed
herein shall be arbitrated in Beijing in accordance with the arbitration rules in effect of Beijing Arbitration Commission at that
time. The arbitration award shall be final and binding upon all parties concerned.

 

    

    

    

Article XXV All
parties confirm that the corresponding nouns and technical terms involved in this Contract and relevant Annexes, and their definitions
and interpretations are as follows:

1. Service: it
refers to any software development, installation, customization, trail, test, training, and other necessary services provided for
normal installation and running of information system according to the requirements under the contract, which may include but not
limited to the installation, debugging, training, data transfer, maintenance and technical support.

2. Period
of service: it refers to three years after the entire system passes the final acceptance.

3.
Contract: it refers to the agreement that has been reached and signed concerning this project construction by and
among all parties, including all the documents that constitute the contract like all the attached tables and annexes.

 

Article XXVI Other
relevant matters agreed by all parties herein are: if Party B receives the failure warning during the use of software and system
by Party A, Party B shall timely response and offer the solutions within 4 hours.

 

Article XXVII
This Contract is made in quadruplicate, each party holding two copies, with the same legal effect.

 

Article XXVIII This
Contract shall take effect upon signing and sealing of all parties.

 

The remainder of this
page is intentionally left blank

 

 

 

 

 

    

    

    

 

Party A1 (seal):

Legal representative/authorized
agent: /s/ Cheng Handong 

Date: February 28, 2018

 

Joint client (Party A2) (seal):

Legal representative/authorized
agent: /s/ Zhu Kai 

Date: February 28, 2018

 

Party B (seal):

Legal representative/authorized
agent: /s/ Feng Jianxin

Date: February 28, 2018Exhibit 10.2

 

Contract No.:

 

Technical Development (Commission) Contract

 

 

 

 

Project name: Micro Innovation Information
Platform System v2.0

 

Client (Party A): Rise King Century Technology
Development (Beijing) Co., Ltd.

 

Assignee (Party B): Beijing Shengshi Kaida
Technical Service Co., Ltd.

 

Place of Signing: Beijing

 

Term of Validity: One Year

 

 

 

 

 

 

 

 

 

 

 

    

    

    

 

Completion Instruction

 

		I.	This Contract is the sample of technical development (commission) contract printed by Ministry of
Science and Technology of the PRC, which can be introduced by the technical contract registration authority to the contract parties
for reference and use.

		II.	This Contract applies to the technical development contract signed for R&D of new technology,
new products, new technique, new materials or new variety and their systems, which are under the commissions of one party to be
conducted by the other party.

		III.	In case of multiple contracting parties, the joint clients or joint assignees can be listed respectively
under the “client” and “assignee” respectively (additional sheet) according to their respective roles in
the contract relationship.

		IV.	Matters uncovered herein may be further agreed by the parties, and can be taken as an integral part
of this Contract.

		V.	For clauses dispensing with the needs for completion agreed when the parties use this Contract, words
like “none” shall be indicated in such clauses.

 

 

 

 

 

    

    

    

 

Technical Development Commission Contract

 

Client (Party A): Rise King Century Technology
Development (Beijing) Co., Ltd.

Domicile: No. 6 Building, Yuquan Huigu Park,
No.3, Minzhuang Road, Haidian District, Beijing

Legal representative: Zhu Kai

Project contact: Wan Meng

Contact add.: No. 6 Building, Yuquan Huigu
Park, No.3, Minzhuang Road, Haidian District, Beijing

 

 

 

 

Assignee (Party B): Beijing Shengshi Kaida
Technical Service Co., Ltd.

Domicile: No.17, 1/F, Block B, No.1 Building,
No.2 Yard, North Yongcheng Road, Haidian District, Beijing

Legal representative: Zhang Xian

Project contact: Zhang Xian

Contact add.: No.17, 1/F, Block B, No.1 Building,
No.2 Yard, North Yongcheng Road, Haidian District, Beijing

 

 

 

 

 

 

    

    

    

 

In this Contract, Party A commissions Party
B to research and develop “micro innovation” service platform, Party A pays the research and development (R&D)
fund and compensation and Party B receives the commission and conducts this R&D work. Through equal consultation, on the basis
of true and full expression of their respective willing, the following Agreement has been reached and shall be abided by both parties
in accordance with the regulations of the Contract Law of People's Republic of China.

 

Article I Requirements of the R&D
project herein are as follows:

		1.	Technical target: To establish an information service platform based on WeChat and APP.

		2.	Technical content: Establishing WeChat and APP platform to promote information transmission and guarantee
broader transmission of information.

		3.	Equipment requirements: Ensuring smooth running and data backup of the service platform.

 

Article II Party B shall submit the
R&D plan to Party A within fifteen days after this Contract takes effect. The R&D plan shall include the main contents
as follows:

		1.	Project organizational structure: it should include the introduction of position responsibilities
and main members of project teams;

		2.	Project implementation scheme: project initiation; platform development; building, debugging, training,
user trial and platform redevelopment, preliminary test of system under test environment; building, debugging, training, system
trial running and platform maintenance development and terminal test of system under trail environment;

		3.	After -sales service: system usage training and daily maintenance consulting.

 

Article III Party B shall complete
the R&D according to the flowing schedule:

		1.	Complete the reformation design of basic prototype of the platform before April 30, 2018;

		2.	Basically complete the building and internal test of the platform before October 31, 2018;

		3.	Finish the improvement and training use of the platform so as to reach the normal trail standard and
complete the right assignment of software before December 31, 2018.

 

Article IV Party A shall provide Party
B with the technical data and coordination matters as follows:

		1.	Technical data list: Network Structural Diagram, Website Sitemap and Page Design Requirements,
Departmental Function Description and Organizational Structure Related to Systematic Construction, Systematic Training
Plan Schedule and Software Instructions.

		2.	Release plan: Network Structural Diagram shall be offered before the system deployment; Website
Sitemap and Page Design Requirements shall be provided within 3 working days after the provision of the website prototype by
Party B; Systematic Training Plan Schedule shall be offered before the system training. The offering shall be made in written
form, affixed with the official seal. Departmental Function Description and Organizational Structure Related to Systematic Construction
can be offered in oral or paper materials during the investigation and study.

 

    

    

    

		3.	Other coordination matters: coordinate Party B in demand survey.

                                                                                After the performance of this Contract is completed, the aforesaid technical data shall be processed according to the following method: Party B will place the data on file, and sign a confidential agreement and shall not disclose it.

 

Article V Party A shall pay the R&D
fund and compensation as per the following method:

		1.	The total amount of R&D fund and compensation is RMB (in words): Three Million Yuan Only.

		2.	The R&D fund and compensation will be paid to Party B by Party A in installments. The specific
payment method and time is as follows:

 

		(1)	Within 10 working days upon the signing of the contract, Party A shall make a down payment of the
contract, 80% of the total contract price, totaling RMB (in words): Two Million Four Hundred Thousand Yuan Only.

		(2)	After the platform and software development is basically completed, the internal test run is conducted
in Party B and the run result is communicated to and agreed by Party A, Party A will make the second payment of this project to
Party B within 5 working days, totaling 15% of the total contract price, in RMB (in words): Four Hundred and Fifty Thousand Yuan
Only.

		(3)	After the system and equipment is installed by Party A, putting into running test, and the final
test is made by Party A (the time for final test shall be agreed by Party A and Party B, but the longest time shall be no more
than 3 months after the qualification of final test), Party A shall pay the balance of the project, namely 5% of the total contract
price, totaling in RMB (in words): One Hundred and Fifty Thousand Yuan Only.

 

		3.	The designated collection account by Party B:

Account name:
Beijing Shengshi Kaida Technical Service Co., Ltd.

Bank of deposit:
Beijing Zizhuyuan Sub-branch, SPDB

Account Number:
9126 0154 7400 01719

 

Article VI The R&D fund and
compensation of this Contract will be used by Party B in a way of independent distribution, and Party A has the right to inspect
the situation of R&D and usage of R&D fund by Party B in the way of supervision, without hindering the normal work of Party
B.

 

Article VII The changes of this
Contract must be negotiated by both parties through consensus, and confirmed in a writing form. But in case of any one of the following
circumstances, one party may make a request to the other party to change the right and obligation of the contract, and the other
party shall reply within 3 days; it shall be deemed to be agreed without reply overdue.

 

    

    

    

Article VIII Without the consent of
Party A, Party B shall not transfer part of or all of research work of the project herein to a third party.

 

Article IX During the performance
of this Contract, if technical difficulties that are hard to overcome occur under the existing technique condition resulting in
the failure of the research and development or part of it, and causing losses to one party or both parties, the two parties shall
bear risk losses agreed as follows, which shall be settled through negotiation.

 

Both have determined that the technical
risk of the project herein shall be identified by the method negotiated by both parties. The basic contents of the identified technical
risks shall include the existence, scope, extent and loss degree.

 

The basic conditions for identification
of technical risks include:

		1.	This contract project has enough difficulty under the existing technical level condition;

		2.	Party B has no failure in terms of subjectiveness and the failure of R&D has been confirmed
as reasonable.

 

In case that one party finds the existence
of technical risk which might cause failure of R&D or part of R&D, it shall notify the other party within 10 days and take
proper measures to reduce losses. On condition that the failure of giving notice on time and taking proper measures results in
the expansion of losses, it shall assume the responsibility in compensation for the expanding losses.

 

Article X During the performance
of this Contract, the technique as the object of R&D has been publicized by others (including publicity in the way of patent
right), Party B shall notify the other party of rescinding the contract within 15 days; if the overdue notice is made and the losses
of the other party are caused, the other party shall be entitled to demanding compensation for such losses.

 

Article XI Both parties confirm
that the confidentiality obligations shall be kept by them as follows:

 

Party A:

		1.	Confidentiality contents (including technical information and operation information): key techniques
shall not be disclosed to a third technical company.

		2.	Scope of personnel involved in confidentiality: all the personnel involved

		3.	Confidentiality period: three years

 

Party B:

		1.	Confidentiality contents (including technical information and operation information): as for all
the information, data and materials learnt and used that belong to Party A, Party B shall not spread to a third party or in the
range beyond this contract for use; after the closing of this contract, Party B shall not retain the confidential information,
data and materials involved in this project in any form.

 

    

    

    

		2.	Scope of personnel involved in confidentiality: all the personnel who engage in development.

		3.	Confidentiality period: three years

		4.	Disclosure responsibility: bearing the losses after examination and assessment.

 

Article XII Party B shall deliver
the R&D results in the following method:

		1.	The delivery method and amount of the R&D results: delivery by mail or delivery on site: one
set of equipment and software program.

		2.	Delivery time and place of the R&D results: completion and submission to Party A before December
31, 2018.

 

Article XIII Both parties confirm
that the acceptance of the R&D results completed by Party B shall be conducted according to the following standard and method:
after the installation and debugging by Party B, Party A shall be notified for arranging acceptance within 5 working days. If the
products are unqualified during examination and acceptance, Party B shall be responsible for providing products that meet the quality
requirement agreed herein again within the agreed period.

 

Article XIV Party B shall ensure
that R&D results it deliver to Party A do not infringe legal rights and interests of any third party, and in case that a third
party accuses Party A of technique infringement, Party B shall bear all the results incurred thereby. Any laws and rules of China
shall not be breached. Otherwise, in case of Party A being penalized thereby, Party B shall bear all the consequences arising from
this.

 

Article XV Both parties determine
that the R&D results and relevant attribution of right of intellectual property generated due to the performance of this Contract
shall be handled as per the method 1 as follows.

 

		1.	Party A enjoys the right to apply for a patent.

 

The usage and distribution method of related
interests after the acquisition of patent are as follows: enjoyed by Party A.

 

		2.	They will handled by technical secret approach. The ownership of usage and transfer right belonging
and interests arising therefrom shall be dealt with as agreed:

		(1)	Use right of technical secret: enjoyed by Party A

		(2)	Transfer right of technical secret: enjoyed by Party A

		(3)	Distribution method of relevant interests: enjoyed by Party A

 

Both parties specially agree on the right
belonging of intellectual property related to this Contract as follows: the software intellectual property of a third party used
in the development belongs to the third party, and the copyright of the original software of Party B used in the development still
belongs to Party B.

 

    

    

    

Article XVI Party B shall not voluntarily
transfer the R&D development results to a third party without permission before delivery them to Party A. Otherwise, Party
B shall return all the payments made by Party A and compensate losses caused to Party A therefrom.

 

Article XVII The R&D personnel
who complete this contract project of Party B enjoys the right to indicate the accomplisher of technical achievements and related
certificates of honor, awards on relevant technical achievement documents.

 

Article XVIII The properties including
the equipment, appliances, materials related to the R&D purchased with the R&D fund belong to Party B.

 

Article XIX Both parties determine
that Party B shall, as requested by Party B, after delivery of the R&D achievements, provide technical guidance and training
to the designated personnel of Party A or offer technical services related to the usage of such R&D results.

		1.	Technical service and guidance contents: use and maintenance of software, system.

		2.	Location and use method: Providing free training in the location provided by Party A.

 

Article XX The two parties determine
that: if either party breaches the regulations of this Contract causing the stagnation, delay or failure of the R&D shall
bear the breach responsibility according to the following agreement:

		1.	In case that Party B breaches the provisions of Article III in this Contract, it shall pay the
liquidated damages to Party A, amounting to 5% of the total contract price.

		2.	On condition that Party A breaches the provisions of Article IV in this Contract, it shall pay
the liquidated damages to Party B, amounting to 5% of the total contract price.

 

Article XXI Both parties confirm
that Party A is entitled to make subsequent improvements using the R&D results provided by Party B according to the contract
herein. The new technical results and the ownership of right with substantial or innovative technical progress characteristics
shall be enjoyed by Party A.

 

Approved by Party A in writing, Party B
has rights to make subsequent improvements using such R&D results after completing the agreed R&D herein. The new technical
results with substantial or innovative technical progress characteristics shall be owned by both Party A and Party B.

 

The distribution method of specifically
related interests is as follows: shared by Party A and Party B together.

 

    

    

    

Article XXII The two parties confirm
that within the term of this Contract, Party A appoints Wu Zhenfeng as Party A’s project contact, and Party B assigns Lu
Wenzheng as Party B’s project contact. The project contact shall bear the following responsibilities:

 

		1.	The project contact of Party A is responsible for offering the system functional needs, and materials
required by Party B.

		2.	The Party B’s project contact is responsible for the reporting of development progress of
the system, and coordination of relationship of all aspects.

 

In case either party alters the project
contact, it shall timely notify the other party in writing. On condition that it fails to notify the other party and there is an
impact on the performance of this contract or losses are casued, it shall bear the corresponding responsibility.

 

Article XXIII Both parties determine
that, in case that any one of the following circumstances occurs, causing unnecessary or impossible performance of the performance
of this contract, one party may notify the other party to terminate this Contract.

		1.	Force majeure or technical risks occur.

		2.	If either party is influenced by the force majeure including the war, severe flooding, flood, typhoon,
earthquake, in the execution of the contract, the period for such execution shall be extended, and the extended period shall be
equal to the time influenced by the accident.

		3.	On condition that either party couldn’t fulfill the contract due to force majeure, it shall
timely notify the failure of performance or the cause of failure of complete performance to the other party, and after obtaining
the certificate from relevant authorities, the delay performance, partial performance or nonperformance of the contract should
be permitted, and partial of or all of the breach responsibility may be waived depending on the circumstance.

 

Article XXIV The dispute arising
from the execution of this Contract shall be settled through negotiation, mediation, in case of failure, it shall be dealt with
according to the following method one:

		1.	Submit to Beijing Arbitration Commission for arbitration

		2.	File a suit with the people's court according to law

 

Article XXV Both parties confirm
that the corresponding nouns and technical terms involved in this Contract and relevant Annexes, and their definitions and interpretations
are as follows:

		1.	Service: it refers to any software development, installation, customization, trail, test, training,
and other necessary services provided for normal installation and running of information system according to the requirements under
the contract, which may include but not limited to the installation, debugging, training, data transfer, maintenance and technical
support.

		2.	Period of service: it refers to three years after the entire system passes the final acceptance.

		3.	Contract: it refers to the agreement that has been reached and signed concerning this project construction
by and between Party A and Party B, including all the documents that constitute the contract like all the attached tables and annexes.

 

    

    

    

Article XXVI Other relevant matters
agreed by both parties herein are: if Party B receives the failure warning during the use of software and system by Party A, Party
B shall timely response and offer the solutions within 4 hours.

 

Article XXVII This Contract is made
in quadruplicate, each party holding two copies, with the same legal effect.

 

Article XXVIII This Contract shall
take effect upon signing and sealing of both parties.

 

The remainder of this page is
intentionally left blank

 

     

     

    

Party A (seal): Rise King Century Technology
Development (Beijing) Co., Ltd.

Legal representative/authorized agent: /s/ Wan Meng

Date: March 8, 2018

 

 

 

 

Party B (seal): Beijing Shengshi Kaida Technical
Service Co., Ltd.

Legal representative/authorized agent: /s/ Zhang Xian

Date: March 8, 2018

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00304-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00304-of-00352.parquet"}]]