Document:

Exhibit 10.1

    

    FORM OF RESTRICTED STOCK UNIT AGREEMENT FOR NON-EMPLOYEE
      DIRECTORS

    This Restricted Stock Unit Agreement (this “Agreement”) is made and entered into as of May 18, 2021 (the “Grant Date”) by and between Target Hospitality
      Corp., a Delaware corporation (the “Company”), and [DIRECTOR NAME] (the “Participant”). This Agreement is being entered into pursuant to the Target Hospitality Corp. 2019 Incentive Award Plan (the “Plan”). Capitalized terms used in this Agreement but not defined herein will have the meaning ascribed to them in the Plan.

    1. Grant of Restricted Stock Units. Pursuant to Section 9 of the Plan, the Company hereby issues to the Participant on the Grant Date an Award consisting of [NUMBER] Restricted Stock Units (the “Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one Common Share, subject to the terms and conditions set forth in this Agreement
        and the Plan. The Restricted Stock Units shall be credited to a separate account maintained for the Participant on the books and records of the Company (the “Account”). All amounts credited to the Account shall continue for all purposes to be part of the general assets of the Company.

    2. Consideration. The grant of the Restricted Stock Units is made in
        consideration of the services to be rendered by the Participant to the Company.

    3. Vesting. Except as otherwise provided herein or in the Plan, provided that the
        Participant remains in continuous service through the applicable vesting date, the Restricted Stock Units will vest in accordance with the schedule set forth in the chart below (the period during which restrictions apply, the “Restricted Period”). Once vested, the Restricted Stock Units shall become “Vested Units.”

    	
            Vesting Date

          	 	
            Percentage of Vested Units

          	 	
            Number of Vested Units

          
	
            May 18, 2023 or, if earlier, the date of the second Annual Meeting of the Stockholders of the Company following the Grant Date

          	 	
             

            100%

          	 	 

    

    

    4. Termination of Service/Change in Control.

    4.1 The vesting schedule above notwithstanding, if the Participant’s service terminates for any reason at any time before all of the Restricted Stock Units have vested, the
        Participant’s unvested Restricted Stock Units shall be automatically forfeited upon such termination of service and neither the Company nor any Affiliate shall have any further obligations to the Participant under this Agreement.

    4.2 Notwithstanding any provision of this Agreement or the Plan to the contrary, upon the occurrence of a Change in Control, any Restricted Period in effect on the date of the
        Change in Control shall expire as of such date and any unvested Restricted Stock Units shall vest.

    
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    5. Restrictions. Subject to any exceptions set forth in this Agreement or the Plan,
        during the Restricted Period and until such time as the Restricted Stock Units are settled, the Restricted Stock Units or the rights relating thereto may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by
        the Participant. Any attempt to assign, alienate, pledge, attach, sell or otherwise transfer or encumber the Restricted Stock Units or the rights relating thereto shall be wholly ineffective and, if any such attempt is made, the Restricted Stock
        Units will be forfeited by the Participant and all of the Participant’s rights to such units shall immediately terminate without any payment or consideration by the Company. Notwithstanding the foregoing, the Restricted Stock Units may be
        transferred during the Restricted Period to a Permitted Transferee with the prior written consent of the Committee, in accordance with Section 16(b)(ii) of the Plan. Any Permitted Transferee shall be bound by and subject to all of the terms and
        conditions of this Agreement and the Plan relating to the transferred Restricted Stock Units except as otherwise provided in Section 16(b)(iii) of the Plan.  The Company shall cooperate with any Permitted Transferee and the Company’s transfer agent
        in effectuating any transfer permitted under this Agreement.

    6. Rights as Shareholder; Dividend Equivalents.

    6.1 The Participant shall not have any rights of a shareholder with respect to the Common Shares underlying the Restricted Stock Units unless and until the Restricted Stock Units
        vest and are settled by the issuance of such Common Shares. Upon and following the settlement of the Restricted Stock Units, the Participant shall be the record owner of the Common Shares underlying the Restricted Stock Units unless and until such
        shares are sold or otherwise disposed of, and as record owner shall be entitled to all rights of a shareholder of the Company (including voting rights).

    6.2 In the event that the Company pays any cash dividends on its Common Shares between the Grant Date and the date when the Restricted Stock Units are settled in accordance with
        Section 7 hereof or are forfeited, the Participant’s Account shall be credited on the date such dividend is paid to shareholders with an amount equal to all cash dividends that would have been paid to the Participant if one Common Share had been
        issued on the Grant Date for each Restricted Stock Unit granted to the Participant (“Dividend Equivalents”). Dividend Equivalents shall be
        credited to the Participant’s Account and interest may be credited on the amount of cash Dividend Equivalents credited to the Participant’s Account at a rate and subject to such terms as determined by the Committee. Dividend Equivalents credited to
        the Participant’s Account shall be subject to the same vesting and other restrictions as the Restricted Stock Units to which they are attributable and shall be paid on the same date that the Restricted Stock Units to which they are attributable are
        settled in accordance with Section 7 hereof. Dividend Equivalents credited to the Participant’s Account shall be distributed in cash or, at the discretion of the Committee, in Common Shares having a Fair Market Value equal to the amount of the
        Dividend Equivalents and interest, if any. Any accumulated and unpaid Dividend Equivalents attributable to Restricted Stock Units that are cancelled will not be paid and will be immediately forfeited upon cancellation of the Restricted Stock Units.

    
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    7. Payment/Settlement of Restricted Stock Units.

    7.1 Except to the extent the Participant is permitted and makes an election to defer the payment or
          settlement of the Restricted Stock Units in accordance with Section 7.2 below, promptly upon the expiration of the Restricted Period, and in any event no later than March 15th of the calendar year following the calendar year in which the
          Restricted Period ends, the Company shall (i) issue and deliver to the Participant, or his or her beneficiary, without charge, the number of Common Shares equal to the number of Vested Units, and (ii) enter the Participant’s name on the
        books of the Company as the shareholder of record with respect to the Common Shares delivered to the Participant; provided, however, that the Committee may, in its sole discretion elect to (x) pay cash or part cash and part Common Share in lieu of
        delivering only Common Shares in respect of the Restricted Stock Units, or (y) defer the delivery of Common Shares (or cash or part Common Shares and part cash, as the case may be) beyond the expiration of the Restricted Period if such delivery
        would result in a violation of applicable law until such time as is no longer the case. If a cash payment is made in lieu of delivering Common Shares, the amount of such payment shall be equal to the Fair Market Value of the Common Shares as of the
        date on which the Restricted Period lapsed with respect to the Restricted Stock Units, less an amount equal to any required tax withholdings.

    7.2 Notwithstanding the foregoing, the Committee may permit the Participant to make an irrevocable election to defer the delivery of Common Shares (or cash or part Common Shares and
        part cash, as the case may be) in respect of all or a portion of the Restricted Stock Units to a date or dates beyond the expiration of the Restricted Period, provided that the terms of any such deferral agreement satisfy the requirements of
        Section 409A of the Code (or any successor) and any regulations or rulings promulgated thereunder (collectively, “Section 409A of the Code”) and any rules and/or procedures adopted by the Committee for the making of such elections.  Any election made by the Participant during the calendar year immediately
        preceding the year in which this Award is granted shall apply to this Award.  In the event such an election is made and the Participant is a “specified employee” as
          determined pursuant to Section 409A of the Code, at the time that the Participant receives a payment in connection with the Participant’s “separation from service” as determined pursuant to Section 409A of the Code (other than for death), the
          payment shall instead be made on the earlier of the first U.S. business day after the date that is (i) six months following the Participant’s separation from service as determined pursuant to Section 409A of the Code, or (ii) the date of the
          Participant’s death to the extent such delayed payment is otherwise required to avoid a prohibited distribution under Section 409A of the Code.

    8. No Rights to Continued Service. Neither the Plan nor this
        Agreement shall confer upon the Participant any right to be retained in any position, as a director of the Company or any Affiliate or in any other capacity. Further, nothing in the Plan or this Agreement shall be construed to limit the discretion
        of the Company or an Affiliate to terminate the Participant’s service with the Company or an Affiliate at any time.

    9. Adjustments. In the event of any change to the outstanding Common
        Shares or the capital structure of the Company (including, without limitation, a Change in Control), if required, the Restricted Stock Units shall be adjusted or terminated in any manner as contemplated by Section 12 of the Plan.

    
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    10. Beneficiary Designation. The Participant may file with the Committee a written
        designation of one or more persons as the beneficiary(ies) who shall be entitled to his or her rights under this Agreement and the Plan, if any, in case of his or her death, in accordance with Section 16(f) of the Plan.

    11. Tax Liability and Withholding.

    11.1 The Participant shall be required to pay, and the Company shall have the right and is authorized to withhold, from any cash, Common Shares, other securities or other property
        deliverable under this Agreement or from any fees or other amounts owing to the Participant, the amount of any required withholding taxes in respect of the Restricted Stock Units and to take all such other action as the Committee deems necessary to
        satisfy all obligations for the payment of such withholding taxes in accordance with Section 16(c) of the Plan. The Committee may permit the Participant to satisfy any federal, state or local tax withholding obligation by any of the following
        means, or by a combination of such means of the Plan, (a) tendering a cash payment, (b) authorizing the Company to withhold Common Shares from the Common Shares otherwise issuable or deliverable to the Participant as a result of the vesting of the
        Restricted Stock Units (provided, however, that no Common Shares shall be withheld with a value exceeding the maximum amount of tax required to be withheld by law), or (c) delivering to the Company previously owned and unencumbered Common Shares.
        Notwithstanding the foregoing, in the event the Participant fails to provide timely payment of all sums required to satisfy any applicable federal, state and local withholding obligations in respect of the Restricted Stock Units, the Company shall
        treat such failure as an election by the Participant to satisfy all or any portion of the Participant’s required payment obligation pursuant to Section 11.1(b) above.

    11.2 Notwithstanding any action the Company takes with respect to any or all income tax, social insurance, payroll tax, or other tax-related withholding (“Tax-Related Items”), the ultimate liability for all Tax-Related Items is and remains the Participant’s responsibility and the Company (a) makes no representation or
        undertakings regarding the treatment of any Tax-Related Items in connection with the grant, vesting or settlement of the Restricted Stock Units or the subsequent sale of any shares; and (b) does not commit to structure the Restricted Stock Units to
        reduce or eliminate the Participant’s liability for Tax-Related Items.

    12. Compliance with Law. The issuance and transfer of Common Shares
        shall be subject to compliance by the Company and the Participant with all applicable requirements of federal and state securities laws and with all applicable requirements of any stock exchange on which the Common Shares may be listed. No Common
        Shares shall be issued pursuant to Restricted Stock Units unless and until any then applicable requirements of state or federal laws and regulatory agencies have been fully complied with to the satisfaction of the Company and its counsel. The
        Participant understands that the Company is under no obligation to register the Common Shares with the Securities and Exchange Commission, any state securities commission or any stock exchange to effect such compliance.

    13. Notices. Any notice required to be delivered to the Company under
        this Agreement shall be in writing and addressed to the General Counsel & Secretary of the Company at the Company’s principal corporate offices. Any notice required to be delivered to the Participant under this Agreement shall be in writing and
        addressed to the Participant at the Participant’s address as shown in the records of the Company. Either party may designate another address in writing (or by such other method approved by the Company) from time to time.

    
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    14. Governing Law. This Agreement will be construed and interpreted in
        accordance with the laws of the State of Texas without regard to conflict of law principles.

    15. Interpretation. Any dispute regarding the interpretation of this
        Agreement shall be submitted by the Participant or the Company to the Committee (excluding the Participant if the Participant serves on the Committee) for review. The resolution of such dispute by the Committee shall be final and binding on the
        Participant and the Company.

    16. Participant Bound by Plan. This Agreement is subject to all terms
        and conditions of the Plan as approved by the Company’s shareholders. The terms and provisions of the Plan as it may be amended from time to time are hereby incorporated herein by reference. In the event of a conflict between any term or provision
        contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail.

    17. Successors and Assigns. The Company may assign any of its rights
        under this Agreement. This Agreement will be binding upon and inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer set forth herein, this Agreement will be binding upon the Participant and the
        Participant’s beneficiaries, executors, administrators and the person(s) to whom the Restricted Stock Units may be transferred by will or the laws of descent or distribution.

    18. Severability. The invalidity or unenforceability of any provision
        of the Plan or this Agreement shall not affect the validity or enforceability of any other provision of the Plan or this Agreement, and each provision of the Plan and this Agreement shall be severable and enforceable to the extent permitted by law.
        If any provision of the Plan or any Award or Award agreement is or becomes or is deemed to be invalid, illegal, or unenforceable in any jurisdiction or as to any person or entity or Award, or would disqualify the Plan or any Award under any law
        deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to the applicable laws, or if it cannot be construed or deemed amended without, in the determination of the Committee, materially altering the intent
        of the Plan or the Award, such provision shall be construed or deemed stricken as to such jurisdiction, person or entity or Award and the remainder of the Plan and any such Award shall remain in full force and effect.

    19. Discretionary Nature of Plan. The Plan is discretionary and may be
        amended, cancelled or terminated by the Company at any time, in its discretion. The grant of the Restricted Stock Units in this Agreement does not create any contractual right or other right to receive any Restricted Stock Units or other Awards in
        the future. Future Awards, if any, will be at the sole discretion of the Company. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the Participant’s service with the
        Company.

    20. Amendment. The Committee has the right to amend, alter, suspend,
        discontinue or cancel Restricted Stock Units, prospectively or retroactively; provided that no such amendment shall adversely affect the Participant’s material rights under this Agreement without the Participant’s consent.

    
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    21. Section 409A. This Agreement is intended to comply with Section
        409A of the Code or an exemption thereunder and shall be construed and interpreted in a manner consistent with the requirements for avoiding additional taxes or penalties under Section 409A of the Code. Notwithstanding the foregoing, the Company
        makes no representations that the payments and benefits provided under this Agreement comply with Section 409A of the Code and in no event shall the Company be liable for all or any portion of any taxes, penalties, interest or other expenses that
        may be incurred by the Participant on account of non-compliance with Section 409A of the Code.

    22. Counterparts. This Agreement may be executed in counterparts, each
        of which shall be deemed an original but all of which together will constitute one and the same instrument. Counterpart signature pages to this Agreement transmitted by facsimile transmission, by electronic mail in portable document format (.pdf),
        or by any other electronic means intended to preserve the original graphic and pictorial appearance of a document, will have the same effect as physical delivery of the paper document bearing an original signature.

    23. Acceptance. The Participant hereby acknowledges receipt of a copy
        of the Plan and this Agreement. The Participant has read and understands the terms and provisions thereof, and accepts Restricted Stock Units subject to all of the terms and conditions of the Plan and this Agreement. The Participant acknowledges
        that there may be adverse tax consequences upon the vesting or settlement of the Restricted Stock Units or disposition of the underlying shares and that the Participant should consult a tax advisor prior to such vesting, settlement or disposition.

    [SIGNATURE PAGE FOLLOWS]

    
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    IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.

    	 	
            TARGET HOSPITALITY CORP.

          
	 	
            By: _____________________

            Name:

            Title:

          
	 	
            [PARTICIPANT NAME]

          
	 	
            By: _____________________

             

          

  

  7EXHIBIT 10.1

 

STOCK PURCHASE AGREEMENT

 

THIS STOCK PURCHASE AGREEMENT, effective
as of the twenty-second day of October, 2020 (the “Effective Date”) by and between Custodian Ventures LLC, a Wyoming limited
liability company (“Seller”) and Li Xudong, a non-US person (“Buyers”).

 

WHEREAS, Seller owns 5 Million (5,000,000)
Series A-1 Preferred Shares and 50 Million and One Hundred Twenty-Six Thousand and Three Hundred Thirty-Three (50,126,333) Common shares
(collectively, the “Shares”) of Cereplast, Inc., a Nevada corporation (the “Company”). This Agreement provides
for the acquisition of the Shares by Buyer for a total purchase price of U.S. Dollars ($175,000.00) (the “Purchase Price”)
on the terms and conditions set forth below.

 

NOW, THEREFORE, on the stated premises
and for and in consideration of the mutual covenants and agreements hereinafter set forth and the mutual benefits to the parties to be
derived therefrom, it is hereby agreed as follows:

 

ARTICLE I

SALE AND PURCHASE OF THE SHARES

 

Section 1.1 Closing. The purchase
of the Shares shall be consummated at a closing (“Closing”) to take place at 10:00 o’clock a.m., before November 2,
2020 unless extended by agreement of the parties hereto (the “Closing Date”). The purchase price should be wired to the following
Intermediary for distribution to the seller and its broker:

 

Beneficiary: ELZ Accountancy Corp.

Beneficiary address: 20651 Golden Springs Dr., #290, Walnut, CA 91789

Bank: CITIBANK

Bank address: 18847 E Colima Road, Rowland Heights, CA 91748

SWIFT
code: CITIUS33

Account#: 205804446

Routing#: 321171184

 

Section 1.2 Sale and Purchase. Subject
to the terms and conditions hereof, at the Closing, Seller agrees to sell and deliver to Buyer, and Buyer agrees to purchase from Seller,
the Shares. Any portion of the Shares held by the Intermediary as of the Closing Date shall be released by the Intermediary to Buyer upon
delivery of irrevocable instructions from Seller to Intermediary.

 

Section 1.3 Purchase Price. The
Purchase Price for the Shares shall be paid in full on or before the Closing Date, by Buyer to Seller or its designated intermediary by
wire transfer or other form of immediately available good funds against delivery of the Shares in transferable form from Seller to Buyer.
Any portion of the Purchase Price held by the Intermediary as of the Closing Date shall be released by the Intermediary to Seller at the
Closing upon delivery of irrevocable instructions from Buyer to Intermediary.

 

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ARTICLE II

REPRESENTATIONS AND WARRANTIES OF
SELLER

 

As an inducement to and to obtain the reliance
of Buyer, Seller represents and warrants to Buyer that each of the following are true, correct, and complete
as of the Effective Date and will be correct and complete as of the Closing. All references in this
Agreement to “knowledge of the Seller” shall mean the actual knowledge, after reasonable investigation, of the Seller and
its sole manager, David Lazar. The Seller has no officers or any member or manager other than David Lazar.

 

Section 2.1 No Conflict, Authority.
The execution of this Agreement and the consummation of the transactions contemplated by this Agreement will not result in the material
breach of any term or provision of, or constitute an event of default under, any material debt instrument, which may include an indenture,
mortgage, deed of trust or other contract, agreement or instrument to which Seller is a party or to which the Shares are subject. Seller
has full power, authority and legal right and has taken all action required by law or otherwise to authorize the execution and delivery
of this Agreement.

 

Section 2.2 Title to the Shares.
Seller owns of record and beneficially the Shares of the Company, free and clear of all liens, encumbrances, pledges, claims, options,
charges and assessments of any nature whatsoever, with full right and lawful authority to transfer the Shares to Buyer. No person has
any preemptive rights or rights of first refusal with respect to any of the Shares. There exists no voting agreement, voting trust, or
outstanding proxy with respect to any of the Shares. There are no outstanding rights, options, warrants, calls, commitments, or any other
agreements of any character, whether oral or written, with respect to the Shares.

 

Section 2.3 Tax Matters. The Shares
are not subject to any lien arising in connection with any failure or alleged failure to pay tax. There are no pending, threatened, or
proposed audits, assessments or claims from any tax authority for deficiencies, penalties, or interest with respect to Seller that would
affect the Shares.

 

Section 2.4 Due Diligence Materials Provided.
Seller has provided Buyer with true and accurate copies of all corporate books and records relating to the Company in Seller’s possession
or control, save and except those additional books and records. Seller does not have any actual knowledge of any liability or obligation
of the Company other than is reflected in said books and records.

 

Section 2.5 Brokers and Finders.
The Seller represents and warrants that Seller has made no agreements involving any fees of any type that relate to this Agreement and
that would involve the Buyer, including but not limited to broker’s fee, finder’s fees or any similar compensation arrangement.

 

Section 2.6 Capitalization.

 

(a) The
authorized capital stock of the Company consists of 2,000,000,000 shares of Common Stock, $0.001 par value, of which 74,641,276
shares are issued and outstanding and 5,000,000 shares of Series A-1 Preferred Sock of which 5,000,000 shares are issued and
outstanding. All outstanding shares are fully paid and non-assessable, free of liens, encumbrances, options, restrictions and legal
or equitable rights of others not a party to this Agreement. At the Closing, there will be no outstanding subscriptions, options,
rights, warrants, convertible securities, or other agreements or commitments obligating the Company to issue or to transfer from
treasury any additional shares of its capital stock.

 

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(b) None
of the outstanding shares are subject to any stock restriction agreements or the beneficiary of any agreement requiring the Company
to register shares under the Securities Act of 1933, as amended (the “Securities Act”). There are approximately
204 stockholders of record of the Company plus shares in street name, if any. All such stockholders have valid title to the shares
and acquired their shares in a lawful transaction and in accordance with Nevada corporate law, the Securities Act and applicable
state securities laws based upon of their respective states of residence.

 

Section 2.7 Bankruptcy.

 

(a) On February 10,
2014, Cereplast, Inc. (the “Company”), filed a voluntary
petition for relief under Chapter 11 of Title 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern
District of Indiana (the “Bankruptcy Court”), captioned
“In re: Cereplast, Inc.,” Case No. 14-90200-BHL-11 (the “Chapter 11 Case”).
On February 14, 2014, the Company filed a motion in the Bankruptcy Court seeking to convert the Company’s Chapter 11 Case to a
Chapter 7 bankruptcy case. On March 27, 2014, the Court granted the Company’s motion and on that date the Company’s Chapter
11 Case was converted to a Chapter 7 case. On March 5, 2019, the Court entered into the Court Docket, Document No. 511, “Bankruptcy
Case Closed”.

 

(b) At no time under the
Bankruptcy were any shares of common stock of the Company cancelled.

 

Section 2.08 Liabilities.
The Seller has provided the Buyer with a financial statement for the nine months ended September 30, 2020. Other than the $11,301
loan owed to the Seller, which it has agreed to cancel at Closing, the Company shall not, as of the Closing, have any debt, liability,
or obligation of any nature, other than such liabilities that will be paid by the Itermediary and cancelled or forgiven, whether accrued,
absolute, contingent, or otherwise, at the Closing unless otherwise agreed to by the Parties in writing.

 

Section 2.9 Litigation.
To the knowledge of the Seller, (i) there is no claim, legal action, suit, arbitration, investigation or hearing, notice of claims
or other legal, administrative or governmental proceedings pending or, to the knowledge of the Seller, threatened against the Seller
or the Company; and (ii) there is no continuing order, injunction, or decree of any court, arbitrator, or governmental or
administrative authority to which the Seller or the Company is a party or to which it or any of its assets is subject.

 

ARTICLE III

REPRESENTATIONS AND WARRANTIES OF
BUYER

 

As an inducement to and to obtain the reliance
of Seller, Buyer represents and warrants to Seller that each of the following are true, correct, and complete as of the Effective Date
and will be correct and complete as of the Closing. All references in this Agreement to “knowledge of the Buyer” shall mean
the actual knowledge, after reasonable investigation.

 

Section 3.1 No Conflict, Authority.
The execution of this Agreement and the consummation of the transactions contemplated by this Agreement will not result in the material
breach of any term or provision of, or constitute an event of default under, any material debt instrument, which may include an indenture,
mortgage, deed of trust or other contract, agreement or instrument to which Buyer is a party. Buyer has full power, authority and legal
right and has taken all action required by law or otherwise to authorize the execution and delivery of this Agreement.

 

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Section 3.2 Restricted Shares. Buyer
acknowledges that the Shares purchased have not been registered under the Securities Act or any state securities laws, will be issued
in reliance upon an exemption from the registration and prospectus delivery requirements of the Act which relate to private offerings,
will be issued in reliance upon exemptions from the registration and prospectus delivery requirements of state securities laws which relate
to private offerings and the Buyer must therefore bear the economic risk of such investment indefinitely unless a subsequent disposition
thereof is registered under the Act and applicable state securities laws or is exempt therefrom. Buyer acknowledges that the shares shall
bear restrictive legends.

 

Section 3.3 Buyer’s
Sophistication. Buyer (i) acknowledges that the purchase of Shares involves a high degree of risk in that the Company has no
current business operations or plans and may require substantial funds; (ii) an investment in the Company is highly speculative and
only investors who can afford the loss of their entire investment should consider investing in the Company and the Shares; (iii) has
such knowledge and experience in finance, securities, investments, including investment in non- listed and non registered
securities, and other business matters so as to be able to protect its interests in connection with this transaction; (iv) that the
sale of the Shares to Buyer is not registered with the US Securities and Exchange Commission or with the securities administrator of
any state; (v) that the Shares are being sold pursuant to an exemption from such registration requirements; and (vi) the Shares are
“restricted securities” that will bear a restrictive legend prohibiting their further transfer without registration or
any exemption therefrom.

 

Section 3.4 Brokers and Finders.
The Buyer represents and warrants that he/she/it has made no agreements involving any fees of any type that relate to this Agreement and
that would involve the Seller, including but not limited to broker’s fee, finder’s fees or any similar compensation arrangement.

 

Section 3.5 Due Diligence Materials Provided.
Buyer acknowledges that Seller has provided Buyer with true and accurate copies of all corporate books and records relating to the Company
in Seller’s possession or control. Buyer acknowledges that Seller has only recently become the controlling shareholder of the Company
and has obtained control of the Company through court process which, by its nature, provides Seller with only very limited information
regarding the Company, its history, its financial condition and any potential debts, obligations, liabilities or other claims. Buyer understands
that there may be significant obligations, claims or other obligations against the Company of which the Seller is unaware that would make
the Company unsuitable for the business operations therein contemplated by Buyer, and Buyer expressly assumes such risk.

 

ARTICLE IV

EXCHANGE PROCEDURE AND OTHER CONSIDERATION

 

Section 4.1 Seller’s Delivery.
On the Closing Date, the Seller shall deliver the following to Buyer, conditioned upon (i) all of Buyer’s representations and warranties
set forth in Article III, above, shall be true and correct as of the Closing, and (ii) Buyer’s performance of its delivery obligations
in section 4.2, below:

 

		(a)	The Shares together with a stock power or other instruction
required for the transfer of the Shares to Buyer. If necessary, after the sale closes the Seller shall also execute such other certificates
or other documents reasonably necessary to transfer the Shares to Buyer. If the Shares are to be transferred electronically in book form,
then irrevocable instructions from the Seller to the Intermediary and/or the Company’s transfer agent directing the transfer of
the Shares to the Buyer.

 

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		(b)	Written consent from the Company’s board of directors
appointing Buyer’s designee to the board of directors, effective upon Closing.

		(c)	Written resignation from all members of the Company’s
board of directors excepting only Buyer’s designee, effective upon Closing.

		(d)	A written resignation from all officers of the Company, effective
upon Closing.

		(e)	A current list of shareholders.

		(f)	A written waiver and release from Seller in favor of the
Company of any debt obligation owed to Seller.

		(g)	Articles of Incorporation and all amendments thereto.

		(h)	Bylaws and all amendments thereto.

		(i)	Minutes and consents of shareholders.

		(j)	Minutes and consents of board of directors.

		(k)	Certificate of good standing from the Secretary of State.

		(l)	Most recent tax returns filed with the requisite state and federal
authorities.

		(m)	Any and all Bankruptcy documents in possession of the Seller.

		(n)	Financial statement worksheets used to prepare and file the most
recent quarterly and/or annual reports on OTC markets. The interim financial information up to the closing date including but not limited
to the interim financial statements, bank statements etc.

		(o)	The user name and password to access OTC markets for future filing
purposes.

 

Section 4.2 Buyer’s Delivery.
On the Closing Date, Buyer shall deliver the following to Seller, conditioned upon (i) all of Seller’s representations and warranties
set forth in Article II, above, shall be true and correct as of the Closing, and (ii) Seller’s performance of its delivery obligations
in section 4.1, above:

 

		(a)	Purchase Price in immediately available good funds.

		(b)	A written consent to serve on the Company’s board of
directors by the Buyer’s nominee, effective upon Closing, including the nominee’s mailing address.

		(c)	A written consent from Buyer’s nominee to serve as the President
and as other officers of the Company, effective upon Closing, including the nominee’s mailing address.

		(d)	A written consent from the Buyer’s nominee to the board
of directors, acting in his or her capacity as the sole director of the Company, appointing Buyer’s nominee to serve as President
and to other offices of the Company, effective upon Closing.

		(e)	A written acceptance from Buyer’s nominee to serve as the
statutory resident agent for the Company, effective upon Closing, together with the new registered office for the Company which registered
office shall be a street address and not a post-office box or similar mail drop service.

 

ARTICLE V

MISCELLANEOUS

 

Section 5.1 Notification of OTC Markets,
FINRA and Nevada Secretary of State. Buyer shall, not later than forty-eight (48) hours following the Closing take the following
actions:

 

		(a)	Notify OTC Markets, both via certified letter and by access to
the website section of www.otcmarkets.com established for this purpose, of the new address and resident agent for the Company, the new
director(s) of the Company and the new officers of the Company, including its President. Buyer shall promptly pay any fees associated
with this notice.

 

    5

     

    

 

		(b)	Notify FINRA corporate actions office, as required by its
rules and procedures, of the change in control of the Company, the new address and resident agent for the Company, the new director(s)
of the Company and the new officers of the Company, including its President, and the new controlling shareholder(s) of the Company. Buyer
shall promptly pay any fees associated with this notice.

		(c)	Notify the Nevada Secretary of State, by filing an amended annual
list of officers and directors and by filing a change in resident agent notification, of the new address and resident agent for the Company,
the new director(s) of the Company and the new officers of the Company, including its President. Buyer shall promptly pay any fees associated
with these filings.

		(d)	Confirm to Seller in writing via certified letter to Seller and
by providing copies of the notices and filings provided to OTC Markets, FINRA and the Nevada Secretary of State, that Seller has performed
its obligations pursuant to Sections 5.1(a), (b) and (c), above.

		(e)	Should Seller fail to perform according to this Section 5.1, Seller
expressly authorizes Buyer to provide the notices and filings contemplated by this Section 5.1 and Buyer agrees to promptly reimburse
Seller for all expenses related thereto, including filing fees and attorney’s fees actually incurred.

 

Section 5.2 Notices. Any notices
or other communications required or permitted hereunder shall be sufficiently given if personally delivered to it or sent by overnight
carrier or USPS via registered mail or certified mail, postage prepaid, addressed to the addresses set forth in this Agreement or such
other addresses as shall be furnished in writing by any party in the manner for giving notices hereunder, and any such notice or communication
shall be deemed to have been given as of the date so delivered, mailed or sent. Any party with a non-US address may be provided notice
via email, which notice shall be effective when sent to the party or its representative.

 

Section 5.3 Attorneys’ Fees.
Except as expressly provided herein, each party will be responsible for their own attorney’s fees.

 

Section 5.4 Confidentiality. Each
party hereto agrees with the other party that, unless and until the transactions contemplated by this Agreement have been consummated,
they and their representatives will hold in strict confidence (a) the existence and terms of this Agreement and the transactions contemplated
hereby, and (b) all data and information obtained with respect to another party or any subsidiary thereof from any representative, officer,
director or employee, or from any books or records or from personal inspection, of such other party, and shall not use such data or information
or disclose the same to others, except: (i) to the extent such data is a matter of public knowledge or is required by law to be published;
and (ii) to the extent that such data or information must be used or disclosed in order to consummate the transactions contemplated by
this Agreement. In addition, no party shall issue any press release or other public announcement concerning this Agreement, its existence
or the transactions contemplated by this Agreement, without the prior written approval of the remaining parties.

 

Section 5.5 Entire
Agreement.  This Agreement represents the entire agreement between the parties relating to the subject matter hereof. This
Agreement alone fully and completely expresses the agreement of the parties relating to the subject matter hereof. There are no
other courses of dealing, understanding, agreements, representations or warranties, written or oral, except as set forth herein.
This Agreement may not be amended or modified, except by a written agreement signed by all parties hereto.

 

    6

     

    

 

Section 5.6 Survival; Termination; Limitation
of Seller’s Liability. The representations, warranties and covenants of the respective parties shall survive the Closing
and the consummation of the transactions herein contemplated Three (3) months after the Closing Date. In no instance shall the liability
of Seller (including, without limitation its owners or managers) arising hereunder or by reason of or related to any of the transactions
contemplated hereby exceed the amounts actually paid by Buyer to Seller under this Agreement.

 

Section 5.7 Counterparts. This Agreement
may be executed in multiple counterparts, each of which shall be deemed an original and all of which taken together shall be but a single
instrument.

 

Section 5.8 Amendment or Waiver.
Every right and remedy provided herein shall be cumulative with every other right and remedy, whether conferred herein, at law, or in
equity, and may be enforced concurrently herewith, and no waiver by any party of the performance of any obligation by the other shall
be construed as a waiver of the same or any other default then, theretofore, or thereafter occurring or existing. At any time prior to
the Closing, this Agreement may be amended by a writing signed by all parties hereto, with respect to any of the terms contained herein,
and any term or condition of this Agreement may be waived or the time for performance hereof may be extended by a writing signed by the
party or parties for whose benefit the provision is intended.

 

Section 5.9 Expenses. Each party
herein shall bear all of their respective costs and expenses incurred in connection with the negotiation of this Agreement and in the
consummation of the transactions provided for herein and the preparation thereof.

 

Section 5.10 Headings; Context.
The headings of the sections and paragraphs contained in this Agreement are for convenience of reference only and do not form a part hereof
and in no way modify, interpret or construe the meaning of this Agreement.

 

Section 5.11 Benefit. This Agreement
shall be binding upon and shall inure only to the benefit of the parties hereto, and their permitted assigns hereunder. This Agreement
shall not be assigned by any party without the prior written consent of the other party. This contract is between Seller and Buyer. No
person or entity shall be deemed to be a third party beneficiary of this Agreement.

 

Section 5.12 Severability. In the
event that any particular provision or provisions of this Agreement or the other agreements contained herein shall for any reason hereafter
be determined to be unenforceable, or in violation of any law, governmental order or regulation, such unenforceability or violation shall
not affect the remaining provisions of such agreements, which shall continue in full force and effect and be binding upon the respective
parties hereto.

 

Section 5.13 No Strict Construction.
The language of this Agreement shall be construed as a whole, according to its fair meaning and intendment, and not strictly for or against
either party hereto, regardless of who drafted or was principally responsible for drafting the Agreement or terms or conditions hereof.

 

    7

     

    

 

Section 5.14 Execution Knowing and Voluntary.
In executing this Agreement, the parties severally acknowledge and represent that each: (a) has fully and carefully read and considered
this Agreement; and (b) has been or has had the opportunity to be fully apprized by its attorneys of the legal effect and meaning of this
document and all terms and conditions hereof.

 

Section 5.15 Further
Assurances, Cooperation. Each party shall, upon reasonable request by the other party, execute and deliver any additional
documents necessary or desirable to complete sale contemplated by this agreement. The parties hereto agree to cooperate and use
their respective best efforts to consummate the transactions contemplated by this agreement.

 

Section 5.16 Governing Law. This
Agreement shall be construed (both as to validity and performance) and enforced in accordance with and governed by the laws of the state
of Nevada applicable to agreements made and to be performed wholly within such jurisdiction and without regard to its conflicts of laws
principles. Any dispute arising out of this Agreement shall be resolved in the state or federal courts sited in Clark County, Nevada to
the exclusion of all other venues. The prevailing party in any such action shall be entitled to an award of costs and its reasonable attorney’s
fees.

 

IN WITNESS WHEREOF, the parties hereto
have caused this Agreement to be executed as of the date first above written.

 

	Seller	 	Buyer
	 	 	 	 
	Custodian Ventures LLC.	 	 	 
	 	 	 	 
	By: 	/s/  David
Lazar	 	By:	/s/ Li
    Xudong
	Name: 	David Lazar                               	 	Name:	Li Xudong                                     
	Title: 	CEO	 	Title:	Self
	 	 	 
	
    Address of Seller for Notices:

     

    3445 Lawrence Ave, Oceanside, New York,

    11572.

     

    Email: David@activistinvestingllc.com

     

    With a copy to (which shall not constitute notice):
	 	
    Address of Buyer for Notices:

     

    Room 2707, Global Mansion, Zhengbian Road

    Jinshui District, Zhengzhou City

    Henan Province, China

     

    email: wangjaime@hotmail.com

 

 

8

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