Document:

Exhibit 10.1

 

BUSINESS OPERATION AGREEMENT

 

This Business Operation Agreement
(hereinafter referred to as “this Agreement”) is entered into among the following parties in Dalian, People’s
Republic of China (“China” or “PRC”) as of Dec-27, 2018:

 

Party A: Changchun
Fangguan Photoelectric Display Technology Co., Ltd. , with the registered address of No.777 Haian Road,
Economic Development Zone, Changchun City ; and the legal representative of Biao Shang;

 

Party B: Changchun Fangguan Electronics Technology
Co., Ltd., with the registered address of  No.777 Haian Road, Economic Development Zone, Changchun City; and the
legal representative of Jialin Liang.

 

Party C: Jialin Liang with the address
of Group 345, Tonghua Road , Shuguang Street, Nanguan District, Changchun City; and ID number of 120104196711206810.

 

Party D: Xuemei Jiang, with the address
of No.7 Weixing Road, Chaoyang District, Changchun City ; and ID number of 220223197410231521.

 

WHEREAS:

 

		1.	Party A is a wholly foreign-owned enterprise duly incorporated and validly existing under the PRC
law;

 

		2.	Party B is a limited liability company duly incorporated and validly existing under the PRC law;

 

		3.	Party C is a PRC citizen and the shareholder of Party B, holding 75.70% equity interests of Party
B;

 

		4.	Party D is a PRC citizen and the shareholder of Party B, holding 19.44% equity interests of Party
B;

 

		5.	The parties hereby agree to further clarify, through this Agreement, the matters in connection with
Party B’s operation pursuant to provisions herein.

 

NOW, THEREFORE, through friendly negotiations
and abiding by the principle of equality and mutual benefit, the Parties hereby agree as follows:

 

    	 	 	 

    	 

    

 

1.           To
assure the performance of the various agreements between Party A and Party B and the payment of the payables accounts by Party
B to Party A, Party B together with its shareholders Party C, Party D hereby jointly agree that Party B shall not conduct any transaction
which may materially affects its assets, obligations, rights or the company’s operation (excluding the business contracts,
agreements, sell or purchase assets during Party B’s regular operation and the lien obtained by relevant counter parties
due to such transactions) unless the obtainment of a prior written consent from Party A, including but not limited to the following
contents:

 

1.1      to
borrow money from any third party or assume any debt;

 

1.2      to
sell to or acquire from any third party any asset or right, including but not limited to any intellectual property right;

 

1.3      to
provide real guarantee for any third party with its assets or intellectual property rights;

 

1.4      to
assign to any third party its business agreements.

 

2.           Party
C and Party D, as Party B’s shareholders, further covenant that

 

2.1      not
sell, transfer, pledge, dispose in any other manners of their equity interests of Party B or other interests, or not allow to create
other security interests on it without Party A’s prior written consent, except for Party A and/or its designated person;

 

2.2      not
to approve the shareholders’ resolution which may result in the Party B’s merger or combination with, buy
or investment in, be purchased (other than Party A or its designated person) any other person without Party A’s prior
written consent;

 

2.3      not
do anything that may materially affect the assets, business and liabilities of Party B without Party A’s prior written
consent; not, upon the execution of this Agreement, to sale, transfer, mortgage or dispose, in any other form, any asset, legitimate
or beneficial interest of business or income of Party B, or to approve any other security interest set on it without prior written
consent by Party A;

 

2.4      not
to request Party B or approved at shareholder’s meeting to distribute dividends or profits to shareholders without
Party A’s prior written consent;

 

2.5      not
to supplement, amend or modify its articles of association, or to increase or decrease its registered capital, or to change the
capital structure of Party B in any way without Party A’s prior written consent; and

 

2.6      agree
to execute the Power of Attorney attached hereto as requested by Party A upon the execution of this Agreement and within the term
of this Agreement.

 

3.           In
order to ensure the performance of the various agreements between Party A and Party B and the payment of the various payables by
Party B to Party A, Party B together with its shareholders Party C and Party D hereby jointly agree to accept, from time to time,
the corporate policy advise and guidance provided by Party A in connection with the employment and dismissal of the company’s
employees, company’s daily operating, financial management and so on.

 

    	 	 	 

    	 

    

 

4.           Party
B together with its shareholders Party C and Party D hereby jointly agree that Party C and Party D shall appoint the person recommended
by Party A as the directors of Party B, and Party B shall appoint Party A’s senior managers as Party B’s
General Manager, Chief Financial Officer, and other senior officers. If any of the above senior officers leaves or is dismissed
by Party A, he or she will lose the qualification to take any position in Party B and Party B shall appoint other senior officers
of Party A recommended by Party A to assume such position. In this circumstance, the person recommended by Party A should comply
with the stipulation on the statutory qualifications of directors, General Manager, chief financial controller, and other senior
officers pursuant to applicable law.

 

5.           Party
B together with its shareholders Party C and Party D hereby jointly agree and confirm that Party B shall seek the guarantee from
Party A first if it needs any guarantee for its performance of any contract or loan of flow capital in the course of operation.
In such case, Party A shall have the right but not the obligation to provide the appropriate guarantee to Party B on its own discretion.
If Party A decides not to provide such guarantee, Party A shall issue a written notice to Party B in a timely manner and Party
B shall seek a guarantee from other third party.

 

6.           In
the event that any of the agreements between Party A and Party B terminates or expires, Party A shall have the right but not the
obligation to terminate all agreements between Party A and Party B.

 

7.           Any
amendment and supplement of this Agreement shall be made in writing. The amendment and supplement duly executed by all parties
shall be deemed as a part of this Agreement and shall have the same legal effect as this Agreement.

 

8. If any clause hereof is
judged as invalid or non-enforceable according to relevant laws, such clause shall be deemed invalid only within the applicable
area of the laws without affecting other clauses hereof in any way.

 

9. Party B shall not assign
its rights and obligations under this Agreement to any third party without the prior written consent of Party A; Party B hereby
agrees that Party A may assign its rights and obligations under this Agreement as it needs and such transfer shall only be subject
to a written notice sent to Party B by Party A, and no any further consent from Party B will be required.

 

10.         All
parties acknowledge and confirm that any oral or written materials communicated pursuant to this Agreement are confidential documents.
All parties shall keep secret of all such documents and not disclose any such documents to any third party without prior written
consent from other parties unless under the following conditions: (a) such documents are known or shall be known by the public
(excluding the receiving party discloses such documents to the public without authorization); (b) any documents required to
be disclosed in accordance with applicable laws or rules or regulations of stock exchange; or (c) if any documents required
to be disclosed by any party to its legal counsel or financial consultant for the purpose of the transaction of this Agreement
by any party, such legal counsel or financial consultant shall also comply with the confidentiality as stated hereof. Any disclosure
by employees or agencies employed by any party shall be deemed the disclosure of such party and such party shall assume the liabilities
for its breach of contract pursuant to this Agreement. This Article shall survive whatever this Agreement is void, amended, cancelled,
terminated or unable to perform.

 

    	 	 	 

    	 

    

 

11.         This
conclusion, validity, performance and interpretation of Agreement shall be governed by the PRC law.

 

12.         The
parties hereto shall strive to settle any dispute arising from the interpretation or performance of this Agreement through friendly
consultation. In case no settlement can be reached through consultation within thirty (30)days after such dispute is raised, each
party can submit such matter to Dalian Arbitration Commission in accordance with its then effective rules. The arbitration award
shall be final conclusive and binding upon both parties. If there is any dispute is in process of arbitration, other than the matters
in dispute, the Parties shall perform the other rights and obligation pursuant to this Agreement.

 

 13. This Agreement shall
be executed by a duly authorized representative of each party as of the date first written above and become effective simultaneously.

 

 14. Notwithstanding
Article 13 hereof, the parties confirm that this Agreement shall constitute the entire agreement of the parties with respect to
the subject matters therein and supersedes and replaces all prior or contemporaneous verbal and written agreements and understandings.

 

 15. The term of this
agreement is five (5) years unless early termination occurs in accordance with relevant provisions herein or in any
other relevant agreements reached by all parties. This Agreement may be extended only upon Party A’s written confirmation
prior to the expiration of this Agreement and the extended term shall be determined by Party A. During the aforesaid term, if Party
A or Party B is terminated at expiration of the operation term (including any extension of such term) or by any other reason, this
Agreement shall be terminated upon such termination of such party, unless such party has already assigned its rights and obligations
in accordance with Article 9 hereof.

 

16.         This
Agreement shall be terminated on the expiring date unless it is renewed in accordance with the relevant provision herein. During
the valid term of this Agreement, Party B shall not terminate this Agreement. Notwithstanding the above stipulation, Party A shall
have the right to terminate this Agreement at any time by issuing a thirty (30) days prior written notice to Party B.

 

 17. The original of
this Agreement is in four (4) copies, each party holds one and all original are equally valid.

  

[SIGNATURES APPEAR ON FOLLOWING PAGE]

 

    	 	 	 

    	 

    

 

IN WITNESS THEREOF each
party hereto have caused this Agreement duly executed by itself or a duly authorized representative on its behalf as of the date
first written above.

 

	Party A:  Changchun Fangguan Photoelectric Display Technology Co., Ltd.  (seal)
	 	 	 	 
	By:	/s/ Jialin Liang

	 
	 	Name:	Jialin Liang	 
	 	Position:	Authorized Representative	 
	 	 	 	 

 

	Party B: Changchun Fangguan Electronics Technology Co., Ltd.(seal)
	Authorized
    Representative:	  Jialin
    Liang	 
	Position:	 	 
	 	 	 
	 	 	 

 

	Party C: Jialin Liang
	 	 	 	 
	 	 	 	 
	/s/ Jialin Liang	 
	Jialin Liang	 
	 	 	 	 
	 	 	 	 
	Party D: Xuemei Jiang
	 	 	 	 
	 	 	 	 
	/s/ Xuemei Jiang	 
	Xuemei JiangExhibit 10.2

 

 

EXCLUSIVE TECHNICAL SUPPORT SERVICE AGREEMENT

 

 

BY AND BETWEEN

 

 

Changchun Fangguan Electronics Technology
Co., Ltd.

 

 

AND

 

 

Changchun Fangguan Photoelectric Display
Technology Co., Ltd.

 

 

 

 

December 27, 2018

 

  

 

 

 

TABLE OF CONTENTS

 

	ARTICLE
    1:	DEFINITION	 	 	2	 
	ARTICLE
    2:	SERVICES	 	 	4	 
	ARTICLE
    3:	SERVICE
    FEE	 	 	4	 
	ARTICLE
    4:	WORK
    PRODUCT, INTELLECTUAL PROPERTY AND PROPRIETARY INFORMATION	 	 	5	 
	ARTICLE
    5:	REPRESENTATIONS
    AND WARRANTIES	 	 	5	 
	ARTICLE
    6:	SPECIAL
    UNDERTAKINGS BY PARTY A	 	 	6	 
	ARTICLE
    7:	INDEMNIFICATION	 	 	7	 
	ARTICLE
    8:	CONFIDENTIALITY	 	 	7	 
	ARTICLE
    9:	FORCE
    MAJEURE	 	 	7	 
	ARTICLE
    10:	TERM
    OF AGREEMENT	 	 	8	 
	ARTICLE
    11:	NOTICE	 	 	8	 
	ARTICLE
    12:	DEFAULT
    LIABILITY	 	 	8	 
	ARTICLE
    13:	MISCELLANEOUS	 	 	8	 

 

    	 	 	 

    	 

    

 

 

EXCLUSIVE TECHNICAL SUPPORT SERVICE AGREEMENT

 

THIS EXCLUSIVE TECHNICAL SUPPORT SERVICE AGREEMENT
(this “Agreement”) is entered into in Dalian as of the 27th day of December, 2018 by
and between the following two Parties:

		(1)	Changchun Fangguan Electronics Technology Co., Ltd. (hereinafter “Party
A”), with its registered address:No.777 Haian Road, Economic Development Zone, Changchun City ; and

 

For the purpose of this Agreement,
the reference to Party A hereinafter shall mean Party A and each of its subsidiaries and/or any companies or other entities as
controlled thereby.

 

		(2)	Changchun
                                         Fangguan Photoelectric Display Technology Co., Ltd. (hereinafter “Party
                                         B”), with its registered address: No.777 Haian Road, Economic Development Zone,
                                         Changchun City; and

 

(Party A and Party B individually
being referred to as a “Party” and collectively the “Parties”).

 

WHEREAS:

		(1)	Changchun Fangguan Electronics Technology Co., Ltd is a company engaged in development, research,
manufacturing and marketing of liquid crystal materials, liquid crystal displays and liquid crystal modules; wholesale and retail
of ITO conductive glass, integrated circuit chips and electronic components; it has passed the certifications of ISO14001 environmental
management system and TS16949 quality management system..

 

		(2)	Party
                                         B is company engaged in research, development, marketing and technical consulting of
                                         liquid crystal materials, modules and displays; wholesale and retail of integrated circuit
                                         chips, electronic components and etc.; it has obtained approvals and licenses as
                                         required to be engaged in those business.

 

		(3)	Party A wishes to engage Party B to provide related services, and Party B agrees to provide Party
A with necessary technical support and assistance.

 

The Exclusive Technical Support Service Agreement
is hereby to read, and the Parties hereby agree upon mutual friendly consultations, as follows:

 

Article 1: Definition

		1.1	Except
                                         as otherwise construed in the terms or context hereof, the following terms in this Agreement
                                         shall be interpreted to have the following meanings:

 

“Party A’s Business”
shall mean any and all businesses engaged in and developed by Party A currently and at any time during the valid term hereof.

 

    	 	2 	 

    	 

    

 

“Services” shall
mean the services to be provided by Party B exclusively to Party A, which are related to Party A’s Business, with a technical
platform combining software and hardware as well as relevant technical support and maintenance services, including but not limited
to:

 

		(1)	provision
                                         of solutions for Research & Development of products and products supply;

 

		(2)	provision of the rights to use production equipment necessary for Party A’s Business;

 

		(3)	daily
                                         management, maintenance and upgrading of the equipment of production and inspection;

 

		(4)	development,
                                         maintenance and upgrading of the related applied and management software; and

 

		(5)	other
                                         related technical and consultancy services in relation to or required by Party A’s
                                         Business.

 

“Annual
Business Plan” shall mean the development plan and budget report for Party A’s Business in the next year which
is prepared by Party A with the assistance of Party B pursuant to this Agreement.

 

“Service
Fee” shall mean all fees to be paid by Party A to Party B pursuant to Article 3 of this Agreement in respect of
the Services provided by Party B.

 

“Equipment”
shall mean any and all equipment owned by Party B or purchased by Party B from time to time for the purpose of provision of the
Services.

 

“Business
Income” shall mean the aggregate of all main business incomes and other business incomes as recognized by Party A in
the process of its business operations (before the deduction of related costs, fees and taxes).

 

		1.2	The references to any laws and regulations (hereinafter the “Law”) herein
shall be deemed (1) to include the references to the amendments, changes, supplements and reenactments of such Law, irrespective
of whether they take effect before or after the conclusion of this Agreement; and (2) to include the references to other decisions,
notices or regulations enacted in accordance therewith or effective as a result thereof.

 

		1.3	Except
                                         as otherwise stated in the context herein, all references to an Article, clause, item
                                         or paragraph shall refer to the relevant part of this Agreement.

 

    	 	3 	 

    	 

    

 

Article 2: Services 

		2.1	Party
                                         B shall provide the Services to Party A pursuant to this Agreement, and Party A shall
                                         accept the Services provided by Party B and shall endeavor to cooperate with Party B
                                         in Party B’s provision of the Services.

 

		2.2	Party
                                         B shall procure various equipment reasonably necessary for the provision of the Services
                                         and shall purchase and procure new equipment in accordance with Party A’s Annual
                                         Business Plan, as to meet the demand for its provision of quality Services.

 

		2.3	At
                                         the request of Party B, Party A shall discuss and decide with Party B prior to the date
                                         of November 30 of each year the Annual Business Plan of Party A for the next year,
                                         so as for Party B to make appropriate arrangement for its Services plan and purchase
                                         necessary equipment. In case that Party A needs Party B to purchase new equipment contingently,
                                         Party A shall discuss the same with Party B fifteen (15) days in advance and obtain
                                         Party B’s consent thereto.

 

		2.4	The
                                         Services provided by Party B hereunder shall be of an exclusive nature. During the valid
                                         term hereof, without Party B’s prior written consent, Party A shall not enter into
                                         any agreement with any other third party as to engage such third party to provide to
                                         Party A services identical or similar to the Services provided by Party B.

 

Article 3: Service Fee 

		3.1	In
                                         respect of the Services to be provided by Party B pursuant to Article 2 hereof,
                                         at the request of Party B, Party A agrees to pay to Party B pursuant to 3.2 hereof the
                                         Service Fee as follows:

 

		3.1.1	a performance fee equivalent to 5% of the total revenue of Party A in any fiscal year;

 

		3.1.2	depreciation amount on equipment to be determined by accounting rules of China; and

 

		3.1.3	annual service fee, the amount of which shall be the total business incomes of the whole year minus
fees of (1) and (2); where the amount of 3.1 (1), 3.1 (2) and 3.1(3) exceed total net profit of the whole year of Party
A, the annual service fee payable from Party A to Party B is limited to total net profit of Party A. Party B has the right
to set and revise annually this service fee unilaterally with reference to the performance of Party A.

 

    	 	4 	 

    	 

    

 

		3.2	At
                                         the request of Party B, Party A shall pay the Service Fee to Party B on a quarterly basis.
                                         Prior to January 31, April 30, July 31 and October 31 each year,
                                         Party A shall pay to Party B the performance fee set out in 3.1 according to the percentage
                                         set out in the preceding Article and the amount of Party A’s total business income
                                         in the preceding three (3) months as set forth in 3.1.2 and 3.1.3 above; after the
                                         end of each of Party A’s fiscal year, Party A and Party B shall, on the basis of
                                         Party A’s total annual business income in the preceding year which is mutually
                                         accepted by the Parties, carry out the overall examination and verification on the Service
                                         Fee actually payable by Party A, and shall make corresponding payment adjustment within
                                         thirty (30) days of the commencement of the next fiscal year.

 

		3.3	Party
                                         A shall, according to the provisions of this Article, wire all Service Fees in a timely
                                         manner into the bank account designated by Party B. In case that Party B is to change
                                         its bank account, it shall notify Party A in writing of such change seven (7) working
                                         days in advance.

 

		3.4	Upon
                                         expiration or termination of this Agreement, Party A shall, within thirty (30) days
                                         of the date of the expiration or termination of this Agreement, pay all the remaining
                                         part of the Service Fee to Party B.

 

		3.5	Party
                                         A shall, according to the provisions of Article 3 hereof, provide Party B with the
                                         information concerning its business income, and shall pay the full amount of the Service
                                         Fee to Party B in a timely manner; at the request of Party B, Party A shall permit Party
                                         B to review and examine its accounting records, as to verify the amount of its business
                                         income.

 

Article 4: Work Product, Intellectual
Property and Proprietary Information

		4.1	Both
                                         Parties acknowledge that all work products, intellectual property and proprietary information
                                         involved or generated in the process of Party B’s provision of the Services shall
                                         belong to Party B, but excluding the followings:

 

		4.1.1	intellectual
                                         property legally owned by any third party, which Party A or Party B has obtained legally
                                         the right to use through license or otherwise;

 

		4.1.2	customer information obtained during the process of Party A’s Business; such customer information
shall belong to Party A and Party B jointly; and

 

		4.1.3	items
                                         agreed to otherwise between the Parties in writing.

 

Article 5: Representations and Warranties

		5.1	Party A represents and warrants hereby as follows:

 

		5.1.1	it is a company of limited liabilities duly registered and validly existing under the laws of its
incorporation jurisdiction with independent legal person qualification, with full and independent legal status and legal capacity
to execute, deliver and perform this Agreement, and may act independently as a party to legal actions.

 

 

    	 	5 	 

    	 

    

 

		5.1.2	it has full corporate power and authorization to execute and deliver this Agreement and all the other
documents to be entered into by it in relation to the transaction referred to herein, and it has the full power and authorization
to complete the transaction referred to herein. This Agreement shall be executed and delivered by it legally and properly. This
Agreement constitutes the legal and binding obligations of it and is enforceable against it in accordance with its terms and conditions.

 

		5.1.3	it has obtained complete business permits as necessary for its operations upon this Agreement taking
effect, and it has sufficient rights and qualifications to operate within PRC the businesses of development, research, manufacturing
and marketing of liquid crystal materials, liquid crystal displays and liquid crystal modules, wholesale and retail of ITO
conductive glass, integrated circuit chips and electronic components and other Party A’s Business it is currently engaged
in.

 

		5.2	Party B represents and warrants hereby as follows:

 

		5.2.1	it is a company of limited liabilities duly registered and validly existing under the laws of its
incorporation jurisdiction with independent legal person qualification, with full and independent legal status and legal capacity
to execute, deliver and perform this Agreement, and may act independently as a party to legal actions.

 

		5.2.2	it has full corporate power and authorization to execute and deliver this Agreement and all the other
documents to be entered into by it in relation to the transaction referred to herein, and it has the full power and authorization
to complete the transaction referred to herein. This Agreement shall be executed and delivered by it legally and properly. This
Agreement constitutes the legal and binding obligations of it and is enforceable against it in accordance with its terms and conditions.

 

Article 6: Special Undertakings
by Party A

 

Party A hereby undertakes as follows:

		6.1	it must take all necessary measures during the term of this Agreement to obtain promptly all the business
permits requisite under then applicable Law and necessary for the purpose of Party A’s Business operation, and to keep all
the business permits to remain in effect at any time.

 

		6.2	It must use its best efforts during the term of this Agreement to develop Party A’s Business,
so as to maximize the profits.

 

		6.3	Party A must respect Party B’s work product and intellectual property, and shall take all necessary
or practical measures to protect Party B’s work product and intellectual property during the term of this Agreement.

 

    	 	6 	 

    	 

    

 

Article 7: Indemnification 

At the request of Party B, Party A agrees
that it shall indemnify and keep Party B harmless from any and all losses Party B suffers or may suffer as the result of the execution
and performance hereof and of Party A’s Business, including but not limited to any loss arising from any litigation, repayment
pursuit, arbitration, claims lodged by any third party or administration investigations and/or penalties by government authorities
against it in relation to Party A’s Business; provided that losses due to Party B’s willful or gross fault shall be
excluded from such indemnification.

 

Article 8: Confidentiality

		8.1	Notwithstanding termination of this Agreement, Party A shall be obligated to keep in confidence (i) the
execution, performance and the contents of this Agreement; (ii) the commercial secret, proprietary information and customer
information in relation to Party B known to or received by it as the result of execution and performance of this Agreement; and
(iii) the customer information and other non-public information jointly owned by it with Party B (hereinafter collectively
the “Confidential Information”). Party A may use such Confidential Information only for the purpose of performing
its obligations under this Agreement. Party A shall not disclose the above Confidential Information to any third party without
the written consent of Party B, otherwise Party A shall bear the default liability and indemnify the losses.

 

		8.2	Upon termination of this Agreement, Party A shall, upon request by Party B, return, destroy or otherwise
dispose of all the documents, materials or software containing the Confidential Information and suspend using such Confidential
Information.

 

		8.3	Notwithstanding any other provisions herein, the validity of this Article shall not be affected by
the suspension or termination of this Agreement.

 

Article 9: Force Majeure 

In the event of earthquake, typhoon, flood,
fire, war, computer virus, loophole in the design of tooling software, computer system or internet encountering a hacker, invasion
or disastrous spreading of computer virus, affection by the technical adjustment of telecommunication departments, temporary close-down
of websites due to government supervision, or change of policies or laws, and other unforeseeable or unpreventable or unavoidable
event of force majeure, which directly prevents a Party from performing this Agreement or performing the same on the agreed condition,
the Party encountering such a force majeure event shall forthwith issue a notice by a facsimile and, within thirty (30) days,
present the documents evidencing the details of such force majeure event and the reasons for which this Agreement is unable to
be performed or is required to be postponed in its performance, and such evidencing documents shall be issued by the notarial office
of the area where such force majeure event takes place. The Parties shall consult each other and decide whether this Agreement
shall be waived in part or postponed in its performance with regard to the extent of impact of such force majeure event on the
performance of this Agreement. No Party shall be liable to compensate for the economic losses brought to the other Party by the
force majeure event.

 

    	 	7 	 

    	 

    

 

Article 10: Term of Agreement

		10.1	This Agreement shall take effect as of the date of formal execution by the Parties and supersede the
Exclusive Technical Support Service Agreement as of its effective date, and shall remain in force with no express expiration unless
as earlier terminated in writing by the Parties.

 

Article 11: Notice

		11.1	Any notice, request, demand and other correspondences made as required by or in accordance with this
Agreement shall be made in writing and delivered to the relevant Party.

 

		11.2	The abovementioned notice or other correspondences shall be deemed to have been delivered when it
is transmitted if transmitted by facsimile or telex; it shall be deemed to have been delivered when it is delivered if delivered
in person; it shall be deemed to have been delivered five (5) days after posting the same if posted by mail.

 

Article 12: Default Liability

		12.1	The Parties agree and acknowledge that, if any Party (hereinafter the “Defaulting Party”)
breaches substantially any of the agreements made under this Agreement, or fails substantially to perform any of the obligations
under this Agreement, such a breach shall constitute a default under this Agreement (hereinafter a “Default”),
then the non-defaulting Party (hereinafter the “Non-defaulting Party”) shall have the right to require the Defaulting
Party to rectify such Default or take remedial measures within a reasonable period. If the Defaulting Party fails to rectify such
Default or take remedial measures within such reasonable period or within ten (10) days of the other Party notifying the Defaulting
Party in writing and requiring it to rectify the Default, then (1) in case of Party A being the Defaulting Party, Party B
shall have the right to terminate this Agreement and require the Defaulting Party to indemnify it for the damage; (2) in case
of Party B being the Defaulting Party, the Non-defaulting Party shall have the right to terminate this Agreement and require the
Defaulting Party to indemnify it for the damage, and under no circumstances shall the Non-defaulting Party have the right to terminate
or dissolve this Agreement or the authorization under this Agreement.

 

 

		12.2	Notwithstanding any other provisions herein, the validity of this Article shall stand disregarding
the suspension or termination of this Agreement.

 

Article 13: Miscellaneous

		13.1	This Agreement shall be made in Chinese version with English translation. In case of discrepancies
between the two versions, the Chinese version shall prevail. This Agreement shall be executed in two (2) originals with one
(1) original for each Party.

 

    	 	8 	 

    	 

    

 

		13.2	The formation, validity, execution, amendment, interpretation and termination of this Agreement shall
be subject to the PRC Laws.

 

		13.3	Any disputes arising hereunder and in connection herewith shall be settled through consultations between
the Parties, and if the Parties cannot reach an agreement regarding such disputes within thirty (30) days of their occurrence,
such disputes shall be submitted to China International Economic and Trade Arbitration Commission for arbitration in accordance
with its Arbitration Rules in effect at the time of the arbitration. The arbitration shall be held in Dalian and the language used
will be Chinese. The arbitral award shall be final and binding upon the Parties.

 

		13.4	Any rights, powers and remedies empowered to any Party by any provisions herein shall not preclude
any other rights, powers and remedies enjoyed by such Party in accordance with laws and other provisions under this Agreement,
and the exercise of its rights, powers and remedies by a Party shall not preclude its exercise of its other rights, powers and
remedies by such Party.

 

		13.5	Any failure or delay by a Party in exercising any of its rights, powers and remedies hereunder or
in accordance with laws (hereinafter the “Party’s Rights”) shall not result in a waiver of such rights,
and the waiver of any single or partial exercise of the Party’s Rights shall not preclude such Party from exercising such
rights in any other way and exercising the remaining part of the Party’s Rights.

 

		13.6	The titles of the Articles contained herein shall be for reference only, and in no circumstances shall
such titles be used in or affect the interpretation of the provisions hereof.

 

		13.7	Each provision contained herein shall be severable and independent from each of other provisions,
and if at any time any one or more articles herein become invalid, illegal or unenforceable, the validity, legality or enforceability
of the remaining provisions herein shall not be affected as a result thereof.

 

		13.8	Any amendments or supplements to this Agreement shall be made in writing and shall take effect only
when properly signed by the Parties to this Agreement.

 

		13.9	No Party shall assign any of its rights and/or obligations hereunder to any third party without the
prior written consent of the other Party.

 

    	 	9 	 

    	 

    

 

13.10       This
Agreement shall be binding on the legal successors of the Parties.

 

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY
LEFT BLANK]

 

    	 	10 	 

    	 

    

 

IN WITNESS WHEREOF,
the Parties or their respective authorized representatives have caused this Agreement to be executed as of the date and in the
place first here above mentioned.

 

Changchun Fangguan Electronics Technology
Co., Ltd.. (Company chop)

 

By:/s/ Jialin Liang

Name: Jialin Liang

 

 

Changchun Fangguan Photoelectric Display
Technology Co., Ltd. (Company chop)

 

	By:	/s/ Biao Shang	 
	 	Name:         Biao Shang

Position:    Authorized Representative	 

 

 

 

11

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