Document:

[Reference Translation]

 

Equity Transfer Agreement

 

Transferor: Jinan Youxiantong Network Technology Co., Ltd. (Party
A)

Office Address: 1014 Wenjiao Building, 1 East Qingnian Road,
Lixia District, Jinan, Shandong Province

Postcode:

Legal Representative: Pu Yue

Bank:

Account:

 

Transferee: Hubei Chutian Radio and Television Information Network
Co., Ltd. (Party B)

Office Address: 11/F, Building B, Chutian City Garden, 1 Zhongbei
Road, Wuchang District, Wuhan

Postcode: 430071

Legal Representative:

Bank:

Account:

 

WHEREAS:

 

		1.	Hubei Chutian Video Communication Network Co., Ltd. (Chutian Video Communication) was established
by Party A and Party B through capital contributions in 2008 in Wuhan, with its registered capital being RMB 100,000,000, and with
Party A holding 49% of its equity.

 

		2.	Party A, upon approval by its shareholders' meeting, decides, based on its own free will, to transfer
its 49% equity stake in Chutian Video Communication to Party B (Equity Transfer), and Party B wishes to accept the Equity
Transfer.

 

Party A and Party B, in accordance with the Termination Agreement
on Cooperation (Termination Agreement) entered into by Party A, Party B and Chutian Video Communication on 22 March 2012
and upon mutual consultations, reach the following agreement (Agreement) regarding the Equity Transfer:

 

    	- 1 -

    	 

    
 

		I.	Equity Transfer

 

		1.	Party A holds 49% of the equity in Chutian Video Communication and made a capital contribution
of RMB 51,000,000. Party A hereby transfers such 49% equity to Party B for consideration of RMB 51,000,000. Upon the occurrence
of the transfer, Chutian Video Communication will be a solely-owned subsidiary of Party B and Party B will hold 100% of the equity
in Chutian Video Communication. Party A will cease to be a shareholder of Chutian Video Communication.

 

		2.	Party B hereby warrants that Party B will, based on the amounts and times as set forth below, pay
Party A RMB 51,000,000 for the Equity Transfer and return to Party A RMB 323,140,000 of shareholder supporting funds (inclusive
of the RMB 50,000,000 fee prepaid to Party A for the performance of the Termination Agreement at its execution on 22 March 2012)
on behalf of Chutian Video Communication:

 

			(1)  1st installment: On the date of the
execution of this Agreement, Party B shall pay Party A RMB 101,000,000, of which RMB 51,000,000 shall be the price for the Equity
Transfer and RMB 50,000,000 shall be the first installment of the shareholder supporting funds to be returned;

			(2)  2nd installment: Party B shall pay Party
A RMB 50,000,000 of the shareholder supporting funds on the Application Date (as defined in Art. III.2 hereof);

			(3)  3rd installment: Party B shall pay Party
A RMB 50,000,000 of the shareholder supporting funds prior to 25 July 2012;

			(4)  4th installment: Party B shall pay Party
A RMB 73,140,000 of the shareholder supporting funds prior to 25 August 2012;

			(5)  5th installment: Party B shall pay Party
A RMB 50,000,000 of the shareholder supporting funds prior to 25 September 2012;

 

		3.	The account designated by Party A to receive the payment of the above amounts is:

 

Account Name:

Account Number:

Bank:

Address:

 

    	- 2 -

    	 

    
 

		II.	Guarantee

 

		1.	As a guarantee for the performance by Party B of its obligations hereunder, Party B shall cause
Chutian Video Communication to execute a Pledge Contract (Pledge Contract) with Party A, under which the right of Chutian
Video Communication to charge for cable TV shall be pledged to Party A. The Pledge Contract shall terminate automatically upon
the completion of all payments required under this Agreement.

 

		2.	Party B shall provide Party A with a schedule for withdrawing money from the bank granting the
M&A loan from June to September 2012 (Schedule).

 

		3.	Party B shall provide Party A with written authorization documents (Authorization Documents)
from its shareholders' meeting or board of directors, confirming that it has been duly authorized to execute and
perform this Agreement.

 

		III.	Change of Registration with the Administration for Industry and Commerce

 

		1.	On the date when Party A executes the Pledge Contract with Chutian Video Communication, and the
bank has provided Party A and Party B with the Schedule and the Authorization Documents, the representatives of Party A and Party
B shall jointly go to the Administration for Industry and Commerce (AIC) branch of the place where Chutian Video Communication
is registered to submit the application for the change of registration regarding the Equity Transfer (Change of Registration).
Neither Party may individually submit the application for the Change of Registration to the AIC.

 

		2.	On the date when the representatives of Party A and Party B go to the AIC to submit the application
for the Change of Registration (Application Date), Party A shall, as required by Party B and the AIC, provide and/or sign
the documents necessary for the Change of Registration.

 

    	- 3 -

    	 

    
 

		3.	Party B shall assume the expenses incurred from the Change of Registration.

 

		IV.	Breach of Contract

 

		1.	If either Party breaches any provision hereof or fails to perform any obligation hereunder, such
breach or failure shall constitute a breach of this Agreement. The breaching party shall be liable for indemnifying the other Party
for losses caused due to its breach.

 

		2.	If Party B fails to make any payment to Party A as stipulated herein, Party B shall pay interest
on any past due amount at a rate of three times the benchmark one-year lending rate published by the People’s
Bank of China, as liquidated damages.

 

		3.	If Party A fails to perform its obligations with regards to the submission or execution of documents,
or applying for the Change of Registration, as stipulated herein, Party A shall pay interest on the amount that has already been
paid by Party B at a rate of three times the benchmark one-year lending rate published by the People's Bank of China,
as liquidated damages.

 

		V.	Applicable Law and Dispute Resolution

 

		1.	This Agreement shall be executed, performed and interpreted, and any disputes arising herefrom
shall be resolved, under PRC laws.

 

		2.	Any dispute arising from or in connection with this Agreement shall be in the first instance resolved
through friendly consultations. If such friendly consultations fail, either Party may submit the dispute to the China International
Economic and Trade Arbitration Commission (CIETAC) located in Beijing for arbitration by three arbitrators in Beijing in
accordance with the CIETAC’s arbitration rules in force when
the application is submitted for arbitration. The language to be used in any arbitral proceedings shall be Chinese. The arbitral
award shall be final and binding upon the Parties.

 

    	- 4 -

    	 

    
 

		VI.	Miscellaneous

 

		1.	Party A and Party B acknowledge that this Agreement is a supplementary and special agreement to
the Termination Agreement. This Agreement shall govern in the event of any discrepancy between this Agreement and the Termination
Agreement.

 

		2.	This Agreement shall be executed in ten (10) counterparts, with Party A, Party B and Chutian Video
Communication each holding two (2), and the bank, the AIC and the administrative authorities each holding one (1) counterpart.
This Agreement shall take effect on the date on which it is signed by the Parties.

 

IN WITNESS WHEREOF, the authorized representatives of both Parties
have executed this Agreement on the date below.

 

	Transferor (Party A): Jinan Youxiantong Network Technology Co., Ltd.
	 	 
	 	 
	Authorized Representative:	 
	Date:	 
	 	 
	Transferee (Party B): Hubei Chutian Radio and Television Information Network Co., Ltd.
	 	 
	 	 
	Authorized Representative:	 
	Date:	 

 

    	- 5 -Exhibit 10.1

 

PROMISSORY NOTE

(Seventy-Five-day)

 

	$542,294.00	September 26, 2013

 

The
undersigned, Discovery Energy Corp., a Nevada corporation (hereinafter called "Maker"), whose address for purposes hereof
is One Riverway Drive, Suite 1700, Houston, Texas, 77056 USA, for
value received, without grace, in the manner, on the dates and in the amounts herein stipulated, promises to pay to Liberty Petroleum
Corporation, an Arizona corporation (hereinafter called "Payee"), at Payee's principal place of business located at 10851
North Black Canyon Highway, Suite 540, Phoenix, Arizona, 85029 USA, or at such other place as Payee may hereafter designate, the
sum of FIVE HUNDRED FORTY TWO THOUSAND TWO HUNDRED NINETY FOUR DOLLARS ($542,294.00), in lawful money of the United States of America,
with interest at the rate herein specified. 

 

The unpaid principal
amount from time to time outstanding hereunder shall bear interest from and after the date hereof until such amount is paid in
full at a rate per annum equal the lesser of:

 

(a)     the
arithmetic mean during the applicable interest period of one month term London Interbank Offer Rates (LIBOR rates) for US$ as published
on the first business day of each month by the Financial Times of London and referred to as the Interbank Fixing Rate, plus an
additional 3% per annum (such aggregate rate being hereafter referred to as the "Varying Rate"); or

 

(b)     
the maximum rate of interest, if any, permitted to be charged of the Maker by applicable state or federal law (the
"Maximum Rate").

 

Notwithstanding the
foregoing, if at any time the Varying Rate exceeds the Maximum Rate, the rate of interest chargeable on this Note shall be limited
to the Maximum Rate, but any subsequent reductions in the Varying Rate shall not reduce the rate of interest chargeable on this
Note below the Maximum Rate until the total amount of interest accrued on this Note equals the amount of interest which would have
accrued if the Varying Rate had at all times been in effect.

 

Interest on this Note
shall be computed on the basis of a 365-day (or 366-day, as the case may be) year for the actual number of days elapsed.

 

The unpaid principal
balance of this Note with all accrued but unpaid interest thereon shall be due and payable in full on or before December 10,
2013. Prepayment of this Note shall be without penalty and may be made at any time and from time to time for all or any part
of the unpaid principal and accrued interest payable hereunder with all such prepayments to be applied first to the principal and
then to the accrued interest in the inverse order of due date. If prepayments totaling TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000)
are made prior to December 10, 2013, then the remaining principal balance of this Note with all accrued but unpaid interest thereon
shall then be due and payable in full on or before February 3, 2014. 

 

    	 

    	 

    

 

If
this Note is not paid at maturity and said Note is placed in the hands of an attorney for collection or if collection by
suit or through the probate court, bankruptcy court, or by any other legal or judicial proceeding is sought, Maker agrees to pay
all expenses incurred, including reasonable attorneys' fees, all of which shall become a part of the principal hereof.

 

Maker and each and
all other liable parties expressly and specifically, (i) severally waive grace, presentment for payment, demand for payment, notice
of intent to accelerate and notice of acceleration, notice of dishonor, protest and notice of protest, notice of nonpayment, and
any and all other notices, the filing of suit and diligence in collecting this Note or enforcing any of the security herefor, (ii)
severally agree to any substitution, subordination, exchange or release of any security held for the payment of this Note or any
other obligation to Payee and release of any party primarily or secondarily liable hereon, (iii) severally agree that Payee shall
not be required first to institute suit or exhaust Payee's remedies hereon against Maker or other parties liable hereon or to enforce
Payee's rights against them or any security herefor in order to enforce payment of this Note by any of them, and (iv) severally
agree to any extension or postponement of time of payment of this Note and to any other indulgence with respect hereto without
notice thereof to any of them.

 

The invalidity, or
unenforceability in particular circumstances, of any provision of this Note shall not extend beyond such provision or such circumstances
and no other provision of this Note shall be affected thereby.

 

THIS NOTE SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS AND THE APPLICABLE LAWS OF THE UNITED STATES OF AMERICA.

 

    	2

    	 

    

 

No provisions of this
Note or any instrument securing payment hereof or otherwise relating to the debt evidenced hereby shall require the payment or
permit the collection, application or receipt of interest in excess of the maximum permitted by applicable state or federal law
(it being the express intention of Maker and Payee that this Note and the debt evidenced hereby be subject to the benefits of federal
law to the extent that same permits a rate of interest in excess of that otherwise permitted by state law). If any excess of interest
in such respect is herein or in any such other instrument provided for, or shall be adjudicated to be so provided for herein or
in any such instrument, the provisions of this paragraph shall govern, and neither Maker nor any endorsers of this Note nor their
respective heirs, personal representatives, successors or assigns shall be obligated to pay the amount of such interest to the
extent it is in excess of the amount permitted by applicable law. It is expressly stipulated and agreed to be the intent of Maker
and holder to comply at all times with the usury and other laws relating to this Note and the other instruments securing payment
hereof now or hereafter in effect, and any subsequent revisions, repeals, or judicial interpretations thereof, to the extent that
any of the same are applicable hereto or to the other instruments securing payment hereof. In the event the Payee or other holder
hereof ever receives, collects or applies as interest any such excess, such amount which would be excessive interest shall be applied
to the reduction of the unpaid principal balance of this Note, and, if upon such application the principal balance of this Note
is paid in full, any remaining excess shall be forthwith paid to Maker and the provisions of this Note and the other instruments
securing payment hereof shall immediately be deemed reformed and the amounts thereafter collectible hereunder and thereunder reduced,
without the necessity of execution of any new document, so as to comply with the then applicable law, but so as to permit the recovery
of the fullest amount otherwise called for hereunder and thereunder. In determining whether or not the interest paid or payable
under any specific contingency exceeds the maximum interest allowed to be charged by applicable law, Maker and the Payee or other
holder hereof shall, to the maximum extent permitted under applicable law, amortize, prorate, allocate and spread the total amount
of interest throughout the entire term of this Note so that the amount or rate of interest charged for any and all periods of time
during the term of this Note is to the greatest extent possible less than the maximum amount or rate of interest allowed to be
charged by law during the relevant period of time. Notwithstanding any of the foregoing, if at any time applicable laws shall be
changed so as to permit a higher rate or amount of interest to be charged than that permitted prior to such change, then unless
prohibited by law, references in this Note to "applicable law" for purposes of determining the maximum interest or rate
of interest which can be charged shall be deemed to refer to such applicable laws as so amended to allow the greater amount or
rate of interest.

 

 

	 	Discovery Energy Corp., 	 
	 	a Nevada corporation f/k/a “Santos Resource Corp.”	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Keith J. McKenzie	 
	 	 	 	 
	 	Name:	Keith J. McKenzie	 
	 	 	 	 
	 	Title: 	CEO, Director	 

  

    	3

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