<SEC-DOCUMENT>0001144204-15-069724.txt : 20151207
<SEC-HEADER>0001144204-15-069724.hdr.sgml : 20151207
<ACCEPTANCE-DATETIME>20151207172720
ACCESSION NUMBER:		0001144204-15-069724
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		9
CONFORMED PERIOD OF REPORT:	20151201
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20151207
DATE AS OF CHANGE:		20151207

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Recon Technology, Ltd
		CENTRAL INDEX KEY:			0001442620
		STANDARD INDUSTRIAL CLASSIFICATION:	OIL, GAS FIELD SERVICES, NBC [1389]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34409
		FILM NUMBER:		151273568

	BUSINESS ADDRESS:	
		STREET 1:		ROOM 1902, BUILDING C,
		STREET 2:		KING LONG INTL MANSION, NO. 9 FULIN ROAD
		CITY:			BEIJING
		STATE:			F4
		ZIP:			100107
		BUSINESS PHONE:		025-52313015

	MAIL ADDRESS:	
		STREET 1:		ROOM 1902, BUILDING C,
		STREET 2:		KING LONG INTL MANSION, NO. 9 FULIN ROAD
		CITY:			BEIJING
		STATE:			F4
		ZIP:			100107
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v426412_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">UNITED STATES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WASHINGTON, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section&nbsp;13 or 15(d)
of the</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of report (Date of earliest event reported):
December 1, 2015</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RECON TECHNOLOGY, LTD</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Exact name of registrant as specified
in charter)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
    <TD STYLE="width: 33%; font-size: 10pt; text-align: center"><font style="font-size: 10pt">Cayman Islands</font></td>
    <TD STYLE="width: 34%; font-size: 10pt; text-align: center"><font style="font-size: 10pt">001-34409</font></td>
    <TD STYLE="width: 33%; font-size: 10pt; text-align: center"><font style="font-size: 10pt">N/A</font></td></tr>
<tr style="vertical-align: top">
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(State or other jurisdiction of</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>incorporation)</b></P></td>
    <TD STYLE="font-size: 10pt; text-align: center"><font style="font-size: 10pt"><b>(Commission File No.)</b></font></td>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(IRS Employer Identification</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>No.)</b></P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Room 1902, Building C, King Long International
Mansion</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>No. 9 Fulin Road</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Beijing, 100107</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>People&rsquo;s Republic of China</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><B>&nbsp;(Address of
Principal Executive Offices) (Zip code)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(86) 10-84945799</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><B>&nbsp;(Registrant&rsquo;s
Telephone number including area code)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
    <td style="width: 8%; font-size: 10pt"><font style="font: 10pt Wingdings">&uml;</font></td>
    <td style="width: 92%; font-size: 10pt"><font style="font-size: 10pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
    <td style="width: 8%; font-size: 10pt"><font style="font: 10pt Wingdings">&uml;</font></td>
    <td style="width: 92%; font-size: 10pt"><font style="font-size: 10pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
    <td style="width: 8%; font-size: 10pt"><font style="font: 10pt Wingdings">&uml;</font></td>
    <td style="width: 92%; font-size: 10pt"><font style="font-size: 10pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
    <td style="width: 8%; font-size: 10pt"><font style="font: 10pt Wingdings">&uml;</font></td>
    <td style="width: 92%; font-size: 10pt"><font style="font-size: 10pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 1.01 Entry into a Material Definitive Agreement.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On December 1, 2015, Recon Technology Ltd.
(the &ldquo;Company&rdquo;) entered into a share purchase agreement (the &ldquo;SPA&rdquo;) by and among Qinghai Hua You Downhole
Technology Co., Ltd., a P.R. China limited liability company (&ldquo;QHHY&rdquo;), the shareholders of QHHY, and Recon Hengda
Technology (Beijing) Co., Ltd., our wholly owned P.R. China subsidiary (&ldquo;Recon BJ&rdquo;), pursuant to which Recon BJ agreed
to acquire QHHY in exchange for $3.60 million worth of the Company&rsquo;s ordinary shares (the &ldquo;Shares&rdquo;) and up to
$4.8 million in cash. Pursuant to the SPA, the Shares will be issued at 120% of the weighted average closing price of the Company&rsquo;s
ordinary shares and will be subject to a 12-month lock-up period. The Company&rsquo;s payment of the cash consideration in the
transaction is subject to QHHY achieving certain net revenue targets for fiscal year 2016 and 2017, as described in more detail
in the SPA. QHHY was partially owned by one of the Company&rsquo;s directors, Chen Guangqiang. Mr. Chen sold his ownership interest
in QHHY on January 17, 2015 but remains a management level employee of QHHY. The current shareholders of QHHY are not affiliated
with the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">QHHY has agreed, among other covenants,
to cause its business to operate in its ordinary course, consistent with past practice, during the period between execution of
the SPA and the closing of the transaction and to not engage in specified types of actions during this period. The Company may
terminate the SPA if, among other things, the Company&rsquo;s due diligence of QHHY has not been completed to its satisfaction
and if shareholder approval of the transaction is not obtained. The Company expects to hold a shareholders&rsquo; meeting sometime
in February 2016 following the Company&rsquo;s receipt of QHHY&rsquo;s audited financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In conjunction with the SPA, Recon BJ entered
into a series of control agreements (the &ldquo;Control Agreements&rdquo;) with QHHY and its shareholders related to the transfer
of ownership in QHHY to Recon BJ. The Control Agreements consist of an exclusive equity interest purchase agreement (the &ldquo;Equity
Interest Purchase Agreement&rdquo;), the equity interest pledge agreement (the &ldquo;Equity Pledge Agreement&rdquo;), powers of
attorney for each of the three shareholders of QHHY (the &ldquo;Powers of Attorney&rdquo;) granting Recon BJ exclusive authority
to perform the duties and obtain the rights of the shareholders of QHHY, and an exclusive technical consulting and service agreement
(&ldquo;Exclusive Technical Consulting and Service Agreement&rdquo;) granting Recon BJ the right to provide exclusive technical
consulting services to QHHY in exchange for 100% of QHHY&rsquo;s quarterly profit, among other things. The Control Agreements will
not become effective until after the Company obtains shareholder approval of the transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The SPA is filed as Exhibit 10.1
to this Report. The  Equity Interest Purchase Agreement is filed as Exhibit 10.2 to this Report. The Equity Pledge Agreement
is filed as Exhibit 10.3 to this Report. The Powers of Attorney of QHHY&rsquo;s three shareholders are attached as
Exhibits 10.4, 10.5 and 10.6 to this Report and the Exclusive Technical Consulting and Service Agreement is attached as
Exhibit 10.7 to this Report. The above description of the SPA and Control Agreements does not purport to be complete and is
qualified in its entirety by reference to the SPA and Control Agreements filed herewith as exhibits to this Report.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 8.01 Other Events.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On December 7, 2015, the Company issued
a press release announcing an agreement for the Company to purchase Qinghai Hua You Downhole Technology Co., Ltd. A copy of the
press release is filed as Exhibit 99.1 and is incorporated by reference herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><B>Item 9.01 Financial Statements and
Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><I>(d) Exhibits.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><B>Exhibit No. &#9;Description</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">10.1</TD><TD>Share Purchase Agreement, dated as of December 1, 2015, by and between Recon Technology Ltd., Recon Hengda Technology (Beijing)
Co., Ltd., Qinghai Hua You Downhole Technology Co., Ltd. and its shareholders.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in; background-color: white">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">10.2</TD><TD>Exclusive Equity Interest Purchase Agreement, dated as of December 1, 2015, by and between Recon Hengda Technology (Beijing)
Co., Ltd., Haung Baokun, Shi Jing and Li Suzhen.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in; background-color: white">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">10.3</TD><TD>Equity Pledge Agreement, dated as of December 1, 2015, by and between Recon Hengda Technology (Beijing) Co., Ltd., Huang Boakun,
Shi Jing and Li Suzhen.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in; background-color: white">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">10.4</TD><TD>Power of Attorney of Huang Baokun.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in; background-color: white">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">10.5</TD><TD>Power of Attorney of Shi Jing.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in; background-color: white">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">10.6</TD><TD>Power of Attorney of Li Suzhen.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in; background-color: white">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">10.7</TD><TD>Exclusive Technical Consulting and Service Agreement, dated as of December 1, 2015, between Recon Hengda Technology (Beijing)
Co., Ltd. and Qinghai Hua You Downhole Technology Co., Ltd.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in; background-color: white">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">99.1</TD><TD>Press Release dated December 7, 2015.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif">
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td colspan="2"><font style="font-size: 10pt">RECON TECHNOLOGY, LTD.</font></td></tr>
<tr style="vertical-align: top">
    <td style="width: 48%">&nbsp;</td>
    <td style="width: 5%">&nbsp;</td>
    <td style="width: 47%">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Date:&nbsp;December 7, 2015</font></td>
    <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">By:&nbsp;&nbsp;</font></td>
    <TD STYLE="border-bottom: Black 1pt solid"><font style="font-size: 10pt">/s/&nbsp;Liu Jia</font></td></tr>
<tr style="vertical-align: top">
    <td colspan="2">&nbsp;</td>
    <td><font style="font-size: 10pt">Name: Liu Jia</font></td></tr>
<tr style="vertical-align: top">
    <td colspan="2">&nbsp;</td>
    <td><font style="font-size: 10pt">Title:&nbsp;&nbsp;&nbsp;Chief Financial Officer</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<!-- Field: Page; Sequence: 4; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>v426412_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0; text-align: right">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#32929;&#20221;&#36141;&#20080;&#21327;&#35758;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Share Purchase Agreement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21327;&#35758;&#30001;&#20197;&#19979;&#21508;&#26041;&#20110;</FONT>2015<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>12<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT><U>
1 </U><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#22312;&#21271;&#20140;&#24066;&#31614;&#35746;&#65306;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This Agreement is executed in Beijing,
China on this day of December 1, 2015 by and among:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#30002;&#26041;</B></FONT><B>
Party A<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65306;</FONT></B>Recon Technology Ltd.<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;&#30740;&#25511;&#31185;&#25216;&#26377;&#38480;&#20844;&#21496;&#65289;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#25480;&#26435;&#20195;&#34920;</B></FONT><B>
Authorized representative<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65306;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#38134;&#29130;&#24179;</FONT>
Shenping Yin</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#20057;&#26041;</B></FONT><B>Party
B<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65306;</FONT> </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#20057;&#26041;&#19968;&#65306;</B>&#26446;&#32032;&#29645;</FONT>
Suzhen Li</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#20057;&#26041;&#20108;&#65306;</B>&#40644;&#23453;&#22372;</FONT>
Baokun Huang</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#20057;&#26041;&#19977;&#65306;</B>&#30707;</FONT>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#23143;</FONT> Jing Shi</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: red"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#19993;&#26041;</B></FONT><B>
Party C<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65306;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#38738;&#28023;&#21326;&#27833;&#20117;&#19979;&#30707;&#27833;&#25216;&#26415;&#26377;&#38480;&#20844;&#21496;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 84pt; text-align: justify">Qinghai Hua You Downhole Technology
Co., Ltd</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#25480;&#26435;&#20195;&#34920;</B></FONT><B>
Authorized representative<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65306;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#40644;&#23453;&#22372;</FONT>
Baokun Huang</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#19969;&#26041;</B></FONT><B>Party
D<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65306;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#30740;&#25511;&#24658;&#36798;&#31185;&#25216;&#65288;&#21271;&#20140;&#65289;&#26377;&#38480;&#20844;&#21496;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 84pt; text-align: justify">Recon Hengda Technology (Beijing)
Co., Ltd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#25480;&#26435;&#20195;&#34920;</B></FONT><B>Authorized
representative<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65306;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#38472;&#24191;&#24378;</FONT>
Guangqiang Chen</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&#37492;&#20110;&#65306;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>In view of: </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">1.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#19993;&#26041;&#26159;&#19968;&#23478;&#20381;&#29031;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#27861;&#24459;&#27861;&#35268;&#20110;</FONT>2011<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>9<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>8<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#25104;&#31435;&#24182;&#21512;&#27861;&#23384;&#32493;&#30340;&#26377;&#38480;&#36131;&#20219;&#20844;&#21496;&#65292;&#27880;&#20876;&#22320;&#22312;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#38738;&#28023;&#30465;&#28023;&#35199;&#33945;&#21476;&#26063;&#34255;&#26063;&#33258;&#27835;&#24030;&#65292;&#29616;&#30331;&#35760;&#27880;&#20876;&#36164;&#26412;&#20026;&#20154;&#27665;&#24065;</FONT>1000<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19975;&#20803;&#65307;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">Party C is a limited liability
company incorporated and currently in good standing under the laws</P>


<!-- Field: Page; Sequence: 1; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">and regulations of the People&#8217;s
Republic of China (PRC) with the registered address in Haixi Mongol and Tibetan Autonomous Prefecture of Qinghai province and a
current registered capital of RMB 10 million yuan;<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">2.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20057;&#26041;&#20026;&#19993;&#26041;&#30340;&#29616;&#26377;&#30331;&#35760;&#32929;&#19996;&#65292;&#21512;&#35745;&#25345;&#26377;&#19993;&#26041;</FONT>100%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30340;&#32929;&#26435;&#65307;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">Party B represents the currently
registered shareholders of Party C, holding collectively 100% of Party C&#8217;s outstanding capital stock;<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">3.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#30002;&#26041;&#25311;&#21521;&#20057;&#26041;&#21457;&#34892;&#32929;&#20221;&#65307;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">Party A intends to issue shares
to Party B;<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">4.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#19969;&#26041;&#20026;&#30002;&#26041;&#22312;&#20013;&#22269;&#22659;&#20869;&#30340;&#23376;&#20844;&#21496;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">Party D is a subsidiary
of Party A in the PRC.<BR>
<BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&#19978;&#36848;&#21512;&#21516;&#21508;&#26041;&#26681;&#25454;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#26377;&#20851;&#27861;&#24459;&#27861;&#35268;&#30340;&#35268;&#23450;&#65292;&#26412;&#30528;&#24179;&#31561;&#33258;&#24895;&#30340;&#21407;&#21017;&#65292;&#32463;&#36807;&#21451;&#22909;&#21327;&#21830;&#65292;&#36798;&#25104;&#19968;&#33268;&#65292;&#29305;&#35746;&#31435;&#22914;&#19979;&#21512;&#21516;&#26465;&#27454;&#65292;&#20379;&#21508;&#26041;&#20849;&#21516;&#36981;&#23432;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">According to the laws
and regulations of the PRC and based on the principals of equality and voluntariness, after friendly negotiation, all Parties agree
to the terms set forth below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 2; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;&#19968;&#26465;&nbsp;&nbsp; </FONT>&#37322;&#20041;</TD><TD STYLE="text-align: justify"></TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Article 1 Definitions<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt">1.1</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#38500;&#38750;&#26412;&#21327;&#35758;&#25991;&#24847;&#21478;&#26377;&#25152;&#25351;&#65292;&#19979;&#21015;&#35789;&#35821;&#20855;&#26377;&#20197;&#19979;&#21547;&#20041;&#65306;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify">Unless otherwise indicated in
this agreement, the terms below have the definitions as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 31%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#36807;&#28193;&#26399;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Transition Period</P></TD>
    <TD STYLE="width: 10%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#25351;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="width: 59%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#26412;&#21327;&#35758;&#31614;&#32626;&#20043;&#26085;&#33267;&#23601;&#26412;&#21327;&#35758;&#39033;&#19979;&#31532;&#19968;&#26399;&#32929;&#20221;&#21457;&#34892;&#23436;&#25104;&#30340;&#26102;&#38388;&#27573;&#12290;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The period between the execution date of
        this agreement and the completion of shares issuance in the first phase.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#36865;&#36798;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Delivery</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#25351;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#26412;&#21327;&#35758;&#20219;&#19968;&#26041;&#25353;&#29031;&#26412;&#21327;&#35758;&#32422;&#23450;&#30340;&#20219;&#19968;&#31181;&#36865;&#36798;&#26041;&#24335;&#23558;&#20070;&#38754;&#25991;&#20214;&#21457;&#20986;&#30340;&#34892;&#20026;&#12290;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Delivery of documents by any Party pursuant
        to the delivery method set forth in this agreement.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#26412;&#21327;&#35758;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This Agreement</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#25351;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#26412;&#12298;&#32929;&#20221;&#36141;&#20080;&#21327;&#35758;&#12299;&#21450;&#38468;&#20214;&#12290;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Share Purchase Agreement and Attachments.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#24037;&#20316;&#26085;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Working Days</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#25351;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#22269;&#21153;&#38498;&#35268;&#23450;&#30340;&#27861;&#23450;&#33410;&#20551;&#26085;&#20197;&#22806;&#30340;&#24037;&#20316;&#26102;&#38388;&#12290;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Days other than legal holidays set forth
        in the regulations promulgated by the PRC State Council</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8220;/&#8221;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8220;/&#8221;</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#25351;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt; text-align: justify; text-indent: -12pt">&#8220;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21644;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25110;</FONT>&#8221;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt; text-align: justify; text-indent: -12pt">And/or</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8220;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36229;&#36807;</FONT>&#8221;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25110;</FONT>&#8220;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#23567;&#20110;</FONT>&#8221;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8220;more&#8221; or &#8220;less&#8221;</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#25351;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt; text-align: justify; text-indent: -12pt">&#22343;&#19981;&#21547;&#26412;&#25968;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt; text-align: justify; text-indent: -12pt">Does not include
        the number itself</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt">1.2</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21327;&#35758;&#30340;&#26465;&#27454;&#26631;&#39064;&#20165;&#20026;&#20102;&#26041;&#20415;&#38405;&#35835;&#65292;&#19981;&#24212;&#24433;&#21709;&#23545;&#26412;&#21327;&#35758;&#26465;&#27454;&#30340;&#29702;&#35299;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify">The title of the provisions of
this agreement are for reference only and shall not affect the meaning of the provisions herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;&#20108;&#26465;</FONT></TD><TD STYLE="text-align: justify">&#32929;&#20221;&#21457;&#34892;&#21069;&#25552;<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></TD></TR></TABLE>


<!-- Field: Page; Sequence: 3; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Article 2 <FONT STYLE="font-size: 10pt">Prerequisites</FONT>
of Stock Issuance<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt">2.1</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#21508;&#26041;&#30830;&#35748;&#65292;&#30002;&#26041;&#22312;&#26412;&#21327;&#35758;&#39033;&#19979;&#30340;&#21457;&#34892;&#32929;&#20221;&#30340;&#20041;&#21153;&#20197;&#19979;&#21015;&#26465;&#20214;&#20026;&#21069;&#25552;&#65292;&#20057;&#26041;&#21450;&#19993;&#26041;&#26377;&#20041;&#21153;&#25552;&#20379;&#30456;&#20851;&#35777;&#25454;&#35777;&#26126;&#19979;&#21015;&#26465;&#20214;&#20197;&#24471;&#21040;&#20840;&#37096;&#28385;&#36275;&#65306;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify">All Parties shall confirm that
the obligations of Party A to issue shares under this Agreement shall be under the following conditions, and Party B and Party
C have the obligation to provide related evidence that all of the following conditions have been met:<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt">2.1.1</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#20057;&#26041;&#21450;&#19993;&#26041;&#24050;&#32463;&#20197;&#20070;&#38754;&#24418;&#24335;&#21521;&#30002;&#26041;&#20805;&#20998;&#12289;&#23436;&#25972;&#25259;&#38706;&#20102;&#19993;&#26041;&#30340;&#36164;&#20135;&#12289;&#36127;&#20538;&#12289;&#26435;&#30410;&#12289;&#23545;&#22806;&#25285;&#20445;&#20197;&#21450;&#19982;&#26412;&#21327;&#35758;&#26377;&#20851;&#30340;&#20449;&#24687;&#31561;&#65307;&#20057;&#26041;&#21450;&#19993;&#26041;&#25215;&#35834;&#21521;&#30002;&#26041;&#25552;&#20379;&#30340;&#19993;&#26041;&#36130;&#21153;&#20250;&#35745;&#25253;&#34920;&#30495;&#23454;&#22320;&#23436;&#25972;&#22320;&#21453;&#26144;&#20102;&#19993;&#26041;&#22312;&#35813;&#26399;&#38388;&#30340;&#36164;&#20135;&#12289;&#36127;&#20538;&#21644;&#30408;&#21033;&#29366;&#20917;&#65292;&#19981;&#23384;&#22312;&#20219;&#20309;&#34394;&#20551;&#12290;</FONT><BR>
<FONT STYLE="font-size: 10pt">Party B and Party C have made to Party A a full and complete disclosure of Party C&#8217;s assets,
liabilities, equities, guarantees to other parties and information</FONT> related to <FONT STYLE="font-size: 10pt">this Agreement;
Party B and Party C, jointly and severally, shall provide Party A with Party C&#8217;s financial and accounting statements that
accurately and completely reflect the Party C&#8217;s assets, liabilities and profitability and/or losses without any false statement.</FONT><BR>
<BR>
</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.1.2</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#36807;&#28193;&#26399;&#20869;&#65292;&#19993;&#26041;&#30340;&#32463;&#33829;&#25110;&#36130;&#21153;&#29366;&#20917;&#27809;&#26377;&#21457;&#29983;&#37325;&#22823;&#30340;&#19981;&#21033;&#21464;&#21270;&#65307;&#26410;&#32463;&#30002;&#26041;&#21516;&#24847;&#65292;&#19993;&#26041;&#19981;&#24471;&#36827;&#34892;&#29616;&#37329;&#21450;&#36164;&#20135;&#30340;&#22788;&#32622;&#20197;&#21450;&#21033;&#28070;&#20998;&#37197;&#12290;</FONT><BR>
During the Transition Period, there is no material adverse change to the business or financial condition of Party C; Party C shall
not distribute any assets, cash or profits without the permission of Party A.<BR>
<BR>
</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.1.3</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#36807;&#28193;&#26399;&#20869;&#65292;&#26410;&#32463;&#30002;&#26041;&#21516;&#24847;&#65292;&#20057;&#26041;&#19981;&#24471;&#21521;&#19993;&#26041;&#20057;&#26041;&#20197;&#22806;&#30340;&#31532;&#19977;&#26041;&#36716;&#35753;&#20854;&#25152;&#25345;&#26377;&#30340;&#37096;&#20998;&#25110;&#20840;&#37096;&#19993;&#26041;&#32929;&#26435;&#12290;</FONT><BR>
During the Transition Period, without Party A&#8217;s consent, Party B shall not transfer all or any of Party C&#8217;s shares
held by Party B to any third party.<BR>
<BR>
</TD></TR></TABLE>


<!-- Field: Page; Sequence: 4; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.1.4</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#36807;&#28193;&#26399;&#20869;&#65292;&#20057;&#26041;&#21450;&#19993;&#26041;&#24212;&#22312;&#25152;&#26377;&#37325;&#22823;&#26041;&#38754;&#65292;&#20445;&#25345;&#19993;&#26041;&#30340;&#32452;&#32455;&#26550;&#26500;&#23436;&#22909;&#65292;&#19993;&#26041;&#31649;&#29702;&#23618;&#12289;&#12289;&#21592;&#24037;&#21450;&#39038;&#38382;&#25345;&#32493;&#25552;&#20379;&#26381;&#21153;&#65292;&#32500;&#25345;&#22909;&#19982;&#20027;&#35201;&#23458;&#25143;&#30340;&#19994;&#21153;&#20851;&#31995;&#65292;&#24182;&#32500;&#25345;&#12289;&#25511;&#21046;&#21644;&#20445;&#20840;&#19993;&#26041;&#30340;&#36164;&#20135;&#19982;&#36807;&#21435;&#32463;&#33829;&#29366;&#20917;&#19968;&#33268;&#12290;</FONT><BR>
During the Transition Period, Party B and Party C shall preserve intact, in all material respects, Party C&#8217;s business organizations,
to keep available the services of Party C&#8217;s managers, directors, officers, employees and consultants, to maintain, in all
material respects, their existing relationships with all customers with whom Party C does significant business, and preserve the
possession, control and condition of Party C&#8217;s assets, all as consistent with past practice.<BR>
<BR>
</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.1.5</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#36807;&#28193;&#26399;&#20869;&#65292;&#19993;&#26041;&#20316;&#20026;&#36830;&#32493;&#32463;&#33829;&#30340;&#23454;&#20307;&#65292;&#19981;&#23384;&#22312;&#20134;&#19981;&#24471;&#26377;&#20219;&#20309;&#36829;&#27861;&#12289;&#36829;&#35268;&#30340;&#34892;&#20026;&#65292;&#19993;&#26041;&#19981;&#24471;&#22788;&#32622;&#20854;&#20027;&#35201;&#36164;&#20135;&#25110;&#22312;&#20854;&#19978;&#35774;&#32622;&#25285;&#20445;&#65292;&#20063;&#19981;&#24471;&#21457;&#29983;&#25110;&#25215;&#25285;&#20219;&#20309;&#37325;&#22823;&#20538;&#21153;&#65292;&#36890;&#24120;&#19994;&#21153;&#32463;&#33829;&#20013;&#30340;&#22788;&#32622;&#25110;&#36127;&#20538;&#38500;&#22806;&#65292;&#19988;&#21333;&#29420;&#25110;&#32047;&#35745;&#37329;&#39069;&#19981;&#24471;&#36229;&#36807;&#20116;&#19975;&#32654;&#20803;&#12290;</FONT><BR>
During the Transition Period, as a continuous operating entity, Party C shall maintain its existence in good standing and it shall
not conduct its business nor act in a manner that would be in violation of law, Party C shall not dispose of its main assets nor
place any guarantees on them. Party C shall not take on any major debt, except where such debt or liability is in the regular course
of Party C&#8217;s business operations and does not exceed $50,000 either individually or in the aggregate.<BR>
<BR>
</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.1.6</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#36807;&#28193;&#26399;&#20869;&#65292;&#26080;&#30002;&#26041;&#20070;&#38754;&#21516;&#24847;&#65288;&#27492;&#31867;&#20070;&#38754;&#25991;&#20214;&#19981;&#24471;&#26080;&#25925;&#34987;&#25187;&#21387;&#12289;&#35774;&#38480;&#25110;&#25302;&#24310;&#65289;&#65292;&#20057;&#26041;&#21644;&#19993;&#26041;&#19981;&#24471;&#65306;</FONT><BR>
Without limiting the generality of the foregoing sections, and except as contemplated by the terms of this Agreement, during the
Transition Period, without the prior written consent of Party A (such consent not to be unreasonably withheld, conditioned or delayed),
Party B and Party C shall not:<BR>
<BR>
</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 42.5pt"><B>2.1.6.1</B></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20462;&#25913;&#12289;&#21462;&#28040;&#25110;&#21464;&#26356;&#20844;&#21496;&#27880;&#20876;&#25991;&#20214;&#12289;&#31456;&#31243;&#20197;&#21450;&#20854;&#20182;&#31867;&#20284;&#25991;&#20214;&#12290;</FONT><BR>
Amend, waive or otherwise change, in any respect, its certificate of incorporation, bylaws or other similar organizational documents;<BR>
<BR>
</TD></TR></TABLE>


<!-- Field: Page; Sequence: 5; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 42.5pt"><B>2.1.6.2</B></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25480;&#26435;&#21457;&#34892;&#12289;&#21457;&#21806;&#12289;&#25480;&#20104;&#12289;&#20986;&#21806;&#12289;&#25285;&#20445;&#65292;&#22788;&#32622;&#25110;&#25552;&#35758;&#21457;&#34892;&#12289;&#21457;&#21806;&#12289;&#25285;&#20445;&#25110;&#22788;&#32622;&#20219;&#20309;&#20844;&#21496;&#26435;&#30410;&#31867;&#35777;&#21048;&#25110;&#26399;&#26435;&#12289;&#25215;&#35834;&#12289;&#35748;&#36141;&#25110;&#20219;&#20309;&#31867;&#22411;&#30340;&#36141;&#20080;&#25110;&#20986;&#21806;&#20854;&#26435;&#30410;&#31867;&#35777;&#21048;&#30340;&#26435;&#21033;&#65292;&#25110;&#20854;&#20182;&#35777;&#21048;&#26435;&#30410;&#65292;&#21253;&#25324;&#35777;&#21048;&#36716;&#25442;&#25110;&#20132;&#25442;&#20026;&#20219;&#20309;&#30331;&#35760;&#30340;&#32929;&#20221;&#25110;&#20219;&#20309;&#20854;&#20182;&#22522;&#20110;&#35777;&#21048;&#30340;&#25215;&#35834;&#65292;&#25110;&#19982;&#31532;&#19977;&#26041;&#23601;&#35813;&#31867;&#35777;&#21048;&#25110;&#35777;&#21048;&#26435;&#21033;&#36827;&#34892;&#20219;&#20309;&#23545;&#20914;&#20132;&#26131;&#12290;</FONT><BR>
authorize for issuance, issue, grant, sell, pledge, dispose of or propose to issue, grant, sell, pledge or dispose of any of its
equity securities or any options, warrants, commitments, subscriptions or rights of any kind to acquire or sell any of its equity
securities, or other securities interests, including any securities convertible into or exchangeable for any of its equity securities
or securities interests of any class and any other equity-based awards, or engage in any hedging transaction with a third party
with respect to such equity securities or other securities interests;<BR>
<BR>
</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 42.5pt"><B>2.1.6.3</B></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25286;&#20998;&#65292;&#21512;&#24182;&#65292;&#37325;&#26032;&#36164;&#26412;&#21270;&#25110;&#37325;&#20998;&#31867;&#20219;&#20309;&#20854;&#26435;&#30410;&#31867;&#35777;&#21048;&#25110;&#21457;&#34892;&#20854;&#20182;&#31867;&#22411;&#35777;&#21048;&#65292;&#25110;&#23601;&#30456;&#20851;&#35777;&#21048;&#20316;&#20986;&#20219;&#20309;&#25903;&#20184;&#30041;&#32622;&#25110;&#21457;&#25918;&#32929;&#20221;&#32929;&#21033;&#65292;&#25110;&#30452;&#25509;&#25110;&#38388;&#25509;&#36174;&#22238;&#25110;&#36141;&#20080;&#25110;&#25215;&#35834;&#36141;&#20080;&#20219;&#20309;&#35777;&#21048;&#25110;&#35777;&#21048;&#26435;&#21033;&#12290;</FONT><BR>
split, combine, recapitalize or reclassify any of its equity interests or issue any other securities in respect thereof or pay
or set aside any distribution or other dividend (whether in cash, equity or property or any combination thereof) in respect of
its equity interests, or directly or indirectly redeem, purchase or otherwise acquire or offer to acquire any of its equity securities
or securities interests;<BR>
<BR>
</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 42.5pt"><B>2.1.6.4</B></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#24341;&#33268;&#65292;&#21019;&#36896;&#65292;&#25215;&#25285;&#65292;&#25903;&#20184;&#25110;&#20854;&#20182;&#20219;&#20309;&#21487;&#20197;&#23548;&#33268;&#20844;&#21496;&#25215;&#25285;&#36229;&#36807;</FONT>5<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19975;&#32654;&#20803;&#65288;&#21333;&#29420;&#25110;&#32047;&#35745;&#65289;&#36127;&#20538;&#30340;&#34892;&#20026;&#65292;&#23545;&#31532;&#19977;&#26041;&#36151;&#27454;&#12289;&#39044;&#25903;&#25110;&#25237;&#36164;&#65292;&#25110;&#25285;&#20445;&#25110;&#20026;&#20219;&#20309;&#31532;&#19977;&#26041;&#32972;&#20070;&#65292;&#25215;&#25285;&#20538;&#21153;&#25110;&#25215;&#35834;&#12290;</FONT><BR>
incur, create, assume, prepay or otherwise become liable for any indebtedness (directly, contingently or otherwise) in excess of
$50,000 (individually or in the aggregate), make a loan or advance to or investment in any third party, or guarantee or endorse
any indebtedness, liability or obligation of any third party;<BR>
<BR>
</TD></TR></TABLE>


<!-- Field: Page; Sequence: 6; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 42.5pt"><B>2.1.6.5</B></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22312;&#27861;&#24459;&#35201;&#27714;&#33539;&#22260;&#25110;&#29616;&#26377;&#20219;&#20309;&#24050;&#24314;&#31435;&#30340;&#31119;&#21033;&#25903;&#20986;&#35745;&#21010;&#25110;&#20381;&#25454;&#36807;&#21435;&#34892;&#20026;&#21487;&#30693;&#30340;&#20219;&#20309;&#27491;&#24120;&#21830;&#19994;&#34892;&#21160;&#33539;&#22260;&#20197;&#22806;&#30340;&#22686;&#21152;&#34218;&#37228;&#65292;&#24037;&#36164;&#25110;&#20219;&#20309;&#21592;&#24037;&#30340;&#34917;&#20607;&#36229;&#36807;&#29616;&#37329;&#39069;&#30340;</FONT>5%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65292;&#25110;&#22686;&#21152;&#19978;&#36848;&#20154;&#21592;&#30340;&#22870;&#37329;&#36229;&#36807;&#29616;&#37329;&#39069;&#30340;</FONT>5%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65292;&#25110;&#23601;</FONT>2016<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36130;&#24180;&#21644;</FONT>2017<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36130;&#24180;&#30340;&#22870;&#37329;&#20316;&#20986;&#25215;&#35834;&#65292;&#25110;&#32773;&#26174;&#33879;&#22686;&#21152;&#19978;&#36848;&#20154;&#21592;&#30340;&#31119;&#21033;&#24453;&#36935;&#65292;&#19982;&#19993;&#26041;&#20219;&#20309;&#29616;&#26377;&#39038;&#38382;&#12289;&#31649;&#29702;&#23618;&#12289;&#33891;&#20107;&#25110;&#21592;&#24037;&#31614;&#35746;&#12289;&#24314;&#31435;&#25110;&#26174;&#33879;&#26356;&#25913;&#29616;&#26377;&#31119;&#21033;&#35745;&#21010;&#12290;</FONT><BR>
increase the wages, salaries or compensation of any of its employees by more than five percent (5%), or increase bonuses for the
foregoing individuals in excess of five percent (5%), or make commitments to advance with respect to bonuses for fiscal year 2016
or 2017, or materially increase other benefits of any of the foregoing individuals, or enter into, establish, materially amend
or terminate any benefit plan with, for or in respect of any current consultant, officer, manager director or employee of Party
C, in each case other than as required by applicable law, pursuant to the terms of any already established benefit plan or in the
ordinary course of business consistent with past practice;<BR>
<BR>
</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 42.5pt"><B>2.1.6.6</B></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20316;&#20986;&#25110;&#25764;&#38144;&#20219;&#20309;&#20851;&#20110;&#31246;&#21153;&#30340;&#37325;&#35201;&#36873;&#25321;&#65292;&#23601;&#31246;&#21153;&#38382;&#39064;&#20316;&#20986;&#30340;&#20219;&#20309;&#21644;&#35299;&#12289;&#36215;&#35785;&#12289;&#35785;&#35772;&#12289;&#22788;&#32622;&#12289;&#20210;&#35009;&#12289;&#35843;&#26597;&#23457;&#35745;&#25110;&#20105;&#35758;&#65292;&#20462;&#27491;&#32435;&#31246;&#30003;&#25253;&#34920;&#12289;&#36864;&#31246;&#30003;&#35831;&#65292;&#25110;&#23601;&#20219;&#20309;&#31246;&#21153;&#25919;&#31574;&#25110;&#31243;&#24207;&#36827;&#34892;&#37325;&#22823;&#21464;&#26356;&#12290;</FONT><BR>
make or rescind any material election relating to taxes, settle any claim, action, suit, litigation, proceeding, arbitration, investigation,
audit or controversy relating to taxes, file any amended Tax Return or claim for refund, or make any material change in its accounting
or Tax policies or procedures, in each case except as required by applicable law;<BR>
<BR>
</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 42.5pt"><B>2.1.6.7</B></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#36716;&#31227;&#25110;&#25480;&#20104;&#20219;&#20309;&#31532;&#19977;&#26041;&#65292;&#25110;&#25193;&#23637;&#65292;&#20316;&#20986;&#37325;&#22823;&#20462;&#35746;&#65292;&#20801;&#35768;&#22833;&#25928;&#25110;&#26080;&#27861;&#20445;&#30041;&#19993;&#26041;&#30446;&#21069;&#24050;&#27880;&#20876;&#30340;&#26080;&#24418;&#36164;&#20135;&#65292;&#30693;&#35782;&#20135;&#26435;&#65292;&#24050;&#27880;&#20876;&#30693;&#35782;&#20135;&#26435;&#25110;&#20854;&#20182;&#19993;&#26041;&#25345;&#26377;&#30340;&#26080;&#24418;&#36164;&#20135;&#65292;&#25110;&#20057;&#26041;&#25480;&#26435;&#19993;&#26041;&#20351;&#29992;&#30340;&#26080;&#24418;&#36164;&#20135;&#65292;&#25110;&#21521;&#20219;&#20309;&#26410;&#31614;&#35746;&#20445;&#23494;&#21327;&#35758;&#30340;&#31532;&#19977;&#26041;&#20844;&#24067;&#20219;&#20309;&#30002;&#26041;&#12289;&#19993;&#26041;&#21644;&#19969;&#26041;&#30340;&#21830;&#19994;&#31192;&#23494;&#12290;</FONT><BR>
transfer or license to any third party or otherwise extend, materially amend or modify, permit to lapse or fail to preserve any
of Party C&#8217;s registered intellectual property, licensed intellectual property
or other intellectual property held by Party C or by Party B for the benefit of Party C, or disclose any of Party A, C or D&#8217;s
trade secrets to any third party who has not entered into a confidentiality agreement;</TD></TR></TABLE>


<!-- Field: Page; Sequence: 7; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify"><BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 42.5pt"><B>2.1.6.8</B></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#21462;&#28040;&#25110;&#25918;&#24323;&#25110;&#36716;&#35753;&#20219;&#20309;&#19993;&#26041;&#21512;&#21516;&#20013;&#30340;&#37325;&#22823;&#26435;&#21033;&#65292;&#25110;&#20986;&#31199;&#25110;&#31614;&#35746;&#20219;&#20309;&#65288;</FONT>A<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#27599;&#24180;&#25903;&#20986;&#21487;&#33021;&#20250;&#36229;&#36807;</FONT>5<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19975;&#32654;&#20803;&#30340;&#21512;&#21516;&#65307;&#25110;&#65288;</FONT>B<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#31614;&#35746;&#36229;&#36807;&#19968;&#24180;&#30340;&#19981;&#25903;&#20184;&#37325;&#22823;&#32602;&#27454;&#26080;&#27861;&#21462;&#28040;&#30340;&#25110;&#38656;&#22810;&#33267;&#25552;&#21069;</FONT>60<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22825;&#36890;&#30693;&#26041;&#21487;&#21462;&#28040;&#30340;&#21512;&#21516;&#12290;</FONT><BR>
terminate or waive or assign any material right under any of Party C&#8217;s material contracts or any lease or enter into any
contract (A) involving amounts potentially exceeding $50,000 per year or (B) with a term longer than one year that cannot be terminated
without payment of a material penalty and upon notice of sixty (60) days or less;<BR>
<BR>
</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 42.5pt"><B>2.1.6.9</B></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26410;&#21512;&#29702;&#32500;&#25252;&#19982;&#36807;&#21435;&#20132;&#26131;&#30456;&#20851;&#30340;&#37325;&#35201;&#20250;&#35745;&#36134;&#31807;&#65292;&#20250;&#35745;&#35760;&#24405;&#20197;&#21450;&#20250;&#35745;&#20973;&#35777;&#12290;</FONT><BR>
fail to maintain its books, accounts and records in all material respects in the ordinary course of business consistent with past
practice;<BR>
<BR>
</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 42.5pt"><B>2.1.6.10</B></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#35774;&#31435;&#20219;&#20309;&#23376;&#20844;&#21496;&#25110;&#32773;&#35774;&#32622;&#26032;&#30340;&#19994;&#21153;&#32447;&#65307;</FONT><BR>
establish any Subsidiary or enter into any new line of business;<BR>
<BR>
</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 42.5pt"><B>2.1.6.11</B></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26410;&#33021;&#36890;&#36807;&#21830;&#19994;&#19978;&#21512;&#29702;&#30340;&#21162;&#21147;&#20197;&#20445;&#35777;&#20445;&#38505;&#26465;&#27454;&#30340;&#26377;&#25928;&#25110;&#21462;&#20195;&#25110;&#20462;&#35746;&#19982;&#36164;&#20135;&#12289;&#36816;&#33829;&#21644;&#20844;&#21496;&#27963;&#21160;&#30456;&#20851;&#30340;&#29616;&#34892;&#26377;&#25928;&#30340;&#20445;&#38505;&#25919;&#31574;&#25110;&#25991;&#20214;&#12290;</FONT><BR>
fail to use commercially reasonable efforts to keep in force insurance policies or replacement or revised policies providing insurance
coverage with respect to its assets, operations and activities in an amount and scope of coverage as are currently in effect;<BR>
<BR>
</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 42.5pt"><B>2.1.6.12</B></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#23545;&#29616;&#26377;&#37325;&#22823;&#36164;&#20135;&#36827;&#34892;&#37325;&#26032;&#20272;&#20540;&#25110;&#23545;&#20250;&#35745;&#25919;&#31574;&#65292;&#20934;&#21017;&#25110;&#23454;&#36341;&#20316;&#20986;&#37325;&#22823;&#21464;&#26356;&#65292;&#32654;&#22269;&#36890;&#29992;&#20250;&#35745;&#20934;&#21017;&#21644;&#20844;&#21496;&#23457;&#35745;&#20801;&#35768;&#30340;&#37096;&#20998;&#38500;&#22806;&#12290;</FONT><BR>
revalue any of its material assets or make any change in accounting methods, principles or practices, except in compliance with
GAAP and approved by the Company&#8217;s outside auditors;</TD></TR></TABLE>


<!-- Field: Page; Sequence: 8; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify"><BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 42.5pt"><B>2.1.6.13</B></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#38500;&#21482;&#20316;&#20986;&#37329;&#38065;&#36180;&#20607;&#22806;&#30340;&#65292;&#37329;&#39069;&#19981;&#36229;&#36807;</FONT>5<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19975;&#32654;&#20803;&#30340;&#65292;&#25110;&#20844;&#21496;&#36130;&#21153;&#35760;&#24405;&#20013;&#24050;&#23384;&#22312;&#30340;&#23601;&#20219;&#20309;&#32034;&#36180;&#12289;&#35785;&#35772;&#25110;&#32416;&#32439;&#30340;&#25918;&#24323;&#65292;&#21462;&#28040;&#65292;&#20998;&#37197;&#65292;&#35299;&#20915;&#25110;&#21644;&#35299;&#12290;</FONT><BR>
waive, release, assign, settle or compromise any claim, action or proceeding (including any suit, action, claim, proceeding or
investigation relating to this Agreement or the transactions contemplated hereby), other than waivers, releases, assignments, settlements
or compromises that involve only the payment of monetary damages (and not the imposition of equitable relief on, or the admission
of wrongdoing by, the Company or its Affiliates) not in excess of $50,000 (individually or in the aggregate), or otherwise pay,
discharge or satisfy any Actions, Liabilities or obligations, unless such amount has been reserved in the Company Financials;<BR>
<BR>
</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 42.5pt"><B>2.1.6.14</B></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#32467;&#26463;&#25110;&#26174;&#33879;&#20943;&#23569;&#20844;&#21496;&#34892;&#20026;&#25110;&#21162;&#21147;&#65292;&#25110;&#35299;&#38599;&#21644;&#20943;&#23569;&#20844;&#21496;&#21592;&#24037;&#12290;</FONT><BR>
close or materially reduce its activities, or effect any layoff or other personnel reduction or change, at any of its facilities;<BR>
<BR>
</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 42.5pt"><B>2.1.6.15</B></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#24182;&#36141;&#65292;&#21253;&#25324;&#20219;&#20309;&#20860;&#24182;&#65292;&#21560;&#25910;&#21512;&#24182;&#25110;&#36141;&#20080;&#20219;&#20309;&#32929;&#26435;&#25110;&#36164;&#20135;&#65292;&#25110;&#20854;&#20182;&#24418;&#24335;&#30340;&#19994;&#21153;&#25972;&#21512;&#65292;&#20844;&#21496;&#21512;&#24182;&#65292;&#35774;&#31435;&#21512;&#20249;&#65292;&#26377;&#38480;&#20844;&#21496;&#25110;&#20854;&#20182;&#24418;&#24335;&#30340;&#19994;&#21153;&#32452;&#32455;&#25110;&#20998;&#24067;&#65292;&#25110;&#36141;&#20080;&#20854;&#20182;&#20219;&#20309;&#37325;&#22823;&#37329;&#39069;&#30340;&#27491;&#24120;&#19994;&#21153;&#38656;&#27714;&#20197;&#22806;&#30340;&#36164;&#20135;&#12290;</FONT><BR>
acquire, including by merger, consolidation, acquisition of stock or assets, or any other form of business combination, any corporation,
partnership, limited liability company, other business organization or any division thereof, or any material amount of assets outside
the ordinary course of business;<BR>
<BR>
</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 42.5pt"><B>2.1.6.16</B></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20316;&#20986;&#36229;&#36807;</FONT>5<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19975;&#32654;&#20803;&#30340;&#36164;&#26412;&#21270;&#25903;&#20986;&#12290;</FONT><BR>
make capital expenditures in excess of $50,000 (individually or in the aggregate);<BR>
<BR>
</TD></TR></TABLE>


<!-- Field: Page; Sequence: 9; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 42.5pt"><B>2.1.6.17</B></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#37319;&#21462;&#20840;&#38754;&#25110;&#37096;&#20998;&#28165;&#31639;&#12289;&#35299;&#25955;&#12289;&#20860;&#24182;&#12289;&#21560;&#25910;&#21512;&#24182;&#12289;&#37325;&#32452;&#12289;&#37325;&#26032;&#36164;&#26412;&#21270;&#25110;&#20854;&#20182;&#37325;&#32452;&#34892;&#20026;&#30340;&#35745;&#21010;&#12290;</FONT><BR>
                                         adopt a plan of complete or partial liquidation, dissolution, merger, consolidation,
                                         restructuring, recapitalization or other reorganization;<BR>
                                         <BR></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 42.5pt"><B>2.1.6.18</B></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#33258;&#24895;&#25215;&#25285;&#37325;&#22823;&#21512;&#21516;&#20013;&#26465;&#27454;&#25152;&#28041;&#21450;&#30340;&#25110;&#21592;&#24037;&#31119;&#21033;&#35745;&#21010;&#20197;&#22806;&#30340;&#20219;&#20309;&#37329;&#39069;&#36229;&#36807;</FONT>5<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19975;&#32654;&#20803;&#30340;&#36127;&#20538;&#25110;&#20041;&#21153;&#12290;</FONT><BR>
voluntarily incur any Liability or obligation (whether absolute, accrued, contingent or otherwise) in excess of $50,000 (individually
or in the aggregate) other than pursuant to the terms of a material contract or employee benefit plan;<BR>
<BR>
</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 42.5pt"><B>2.1.6.19</B></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20986;&#21806;&#65292;&#20986;&#31199;&#65292;&#35768;&#21487;&#65292;&#20132;&#36135;&#25110;&#25481;&#26399;&#65292;&#25269;&#25276;&#25110;&#25285;&#20445;&#25110;&#25215;&#25285;&#20538;&#21153;&#65288;&#21253;&#25324;&#35777;&#21048;&#21270;&#65289;&#65292;&#25110;&#20854;&#20182;&#20219;&#20309;&#22788;&#32622;&#37325;&#22823;&#27604;&#20363;&#30340;&#19981;&#21160;&#20135;&#65292;&#22266;&#23450;&#36164;&#20135;&#25110;&#26435;&#21033;&#30340;&#34892;&#20026;&#12290;</FONT><BR>
sell, lease, license, transfer, exchange or swap, mortgage or otherwise pledge or encumber (including securitizations), or otherwise
dispose of any material portion of its properties, assets or rights;<BR>
<BR>
</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 42.5pt"><B>2.1.6.20</B></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#23601;&#19993;&#26041;&#30340;&#25237;&#31080;&#26435;&#20316;&#20986;&#20219;&#20309;&#21327;&#35758;&#65292;&#29702;&#35299;&#25110;&#23433;&#25490;&#12290;</FONT><BR>
enter into any agreement, understanding or arrangement with respect to the voting of Party C&#8217;s securities;<BR>
<BR>
</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 42.5pt"><B>2.1.6.21</B></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20174;&#20107;&#20219;&#20309;&#21487;&#33021;&#34987;&#21512;&#29702;&#35748;&#20026;&#23558;&#23548;&#33268;&#24310;&#36831;&#25110;&#25439;&#23475;&#19993;&#26041;&#21462;&#24471;&#20219;&#20309;&#19982;&#26412;&#21327;&#35758;&#30456;&#20851;&#30340;&#25919;&#24220;&#37096;&#38376;&#21516;&#24847;&#25110;&#25209;&#20934;&#30340;&#34892;&#20026;&#12290;</FONT><BR>
take any action that would reasonably be expected to delay or impair the obtaining of any consents or approvals of any governmental
authority to be obtained in connection with this agreement;<BR>
<BR>
</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 42.5pt"><B>2.1.6.22</B></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#36798;&#25104;&#65292;&#20462;&#25913;&#65292;&#25918;&#24323;&#25110;&#21462;&#28040;&#65288;&#26681;&#25454;&#26465;&#27454;&#38656;&#35201;&#21462;&#28040;&#30340;&#20107;&#39033;&#38500;&#22806;&#65289;&#19982;&#20219;&#20309;&#20851;&#32852;&#26041;&#30340;&#20219;&#20309;&#20132;&#26131;&#12290;</FONT><BR>
enter into, amend, waive or terminate (other than terminations in accordance with their terms) any transaction with any related
parties; or<BR>
</TD></TR></TABLE>


<!-- Field: Page; Sequence: 10; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 42.5pt"><B>2.1.6.23</B></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25480;&#26435;&#25110;&#21516;&#24847;&#20174;&#20107;&#20219;&#20309;&#19978;&#36848;&#30456;&#20851;&#20107;&#39033;&#12290;</FONT><BR>
authorize or agree to do any of the foregoing actions.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt"><FONT STYLE="font-size: 10pt">2.2</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#33509;&#20057;&#26041;&#25110;&#19993;&#26041;&#23384;&#22312;&#20219;&#20309;&#36829;&#21453;&#26412;&#21327;&#35758;&#31532;</FONT><FONT STYLE="font-size: 10pt">2.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#32422;&#23450;&#30340;&#24773;&#20917;&#65292;&#21017;&#30002;&#26041;&#26377;&#26435;&#21333;&#26041;&#35299;&#38500;&#26412;&#21327;&#35758;&#65292;&#24182;&#35201;&#27714;&#20057;&#26041;&#25215;&#25285;&#30456;&#24212;&#36180;&#20607;&#36131;&#20219;&#12290;</FONT></FONT><BR>
<FONT STYLE="font-size: 10pt">If Party B or Party C conducts any violation of the agreed conditions</FONT> under <FONT STYLE="font-size: 10pt">Section
2.1, Party A shall have the right to unilaterally terminate this agreement, and require Party B to assume the corresponding liability.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;&#19977;&#26465;</FONT></TD><TD STYLE="text-align: justify">&#32929;&#20221;&#21457;&#34892;&#26041;&#26696;<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Article 3 Share
Issuance Plan<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 26.25pt">3.1</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#21508;&#26041;&#21516;&#24847;&#65292;&#30002;&#26041;&#25311;&#21521;&#20057;&#26041;&#25903;&#20184;&#20849;&#35745;</FONT>600<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19975;&#32654;&#20803;&#30340;&#32929;&#20221;&#21644;&#29616;&#37329;&#65292;&#20057;&#26041;&#19968;&#12289;&#20057;&#26041;&#20108;&#21450;&#20057;&#26041;&#19977;&#20998;&#21035;&#33719;&#21457;&#30340;&#32929;&#20221;&#25968;&#37327;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#29616;&#37329;&#37329;&#39069;&#25353;&#29031;&#20854;&#21508;&#33258;&#22312;&#19993;&#26041;&#30340;&#25345;&#32929;&#27604;&#20363;&#35745;&#31639;&#65292;&#21069;&#36848;&#32929;&#20221;&#21457;&#34892;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#29616;&#37329;&#25903;&#20184;&#24212;&#20998;&#20004;&#26399;&#36827;&#34892;&#65292;&#20854;&#20013;&#65306;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.25pt; text-align: justify">All Parties agree that Party
A intends to pay a total of US$6 million in a combination of shares and cash as consideration to Party B, Party B1, Party B2 and
Party B3, which will be distributed in accordance with each party&#8217;s respective percentage of ownership interest in Party
C. The above share issuance/cash payments will be completed in two phases, including:<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 26.25pt"></TD><TD STYLE="width: 36pt">&#65288;1&#65289;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;&#19968;&#26399;&#25311;&#21521;&#20057;&#26041;&#21457;&#34892;</FONT>360<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19975;&#32654;&#20803;&#30340;&#32929;&#20221;&#65292;&#27599;&#19968;&#32929;&#32929;&#20221;&#30340;&#37329;&#39069;&#20026;&#26412;&#21327;&#35758;&#31614;&#32626;&#26085;&#21069;&#20108;&#21313;&#20010;&#20132;&#26131;&#26085;&#30002;&#26041;&#32929;&#20221;&#30340;&#21152;&#26435;&#24179;&#22343;&#32929;&#20215;&#30340;</FONT>120%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65307;</FONT><BR>
In the first phase (&#8220;Phase One&#8221;), Party A shall issue shares with an aggregate value of US$3,600,000 to Party B, the
value of each share should be 120% of the weighted average price of the shares over the preceding 20 days before the agreement&#8217;s
execution;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 62.25pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 26.25pt"></TD><TD STYLE="width: 36pt">&#65288;2&#65289;</TD><TD STYLE="text-align: justify"><P STYLE="margin: 0pt 0">&#31532;&#20108;&#26399;&#25311;&#21521;&#20057;&#26041;<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#25903;&#20184;240&#19975;&#32654;&#20803;&#30340;&#29616;&#37329;&#65292;&#20294;&#30002;&#26041;&#26377;&#26435;&#20381;&#25454;&#26412;&#21327;&#35758;&#31532;3.3&#26465;&#20851;&#20110;&#19994;&#32489;&#25215;&#35834;&#30340;&#35268;&#23450;&#23545;&#23454;&#38469;&#25903;&#20184;&#30340;&#37329;&#39069;&#20316;&#20986;&#35843;&#25972;,
                                         &#19988;&#35813;&#37329;&#39069;&#30340;&#25903;&#20184;&#38656;&#35201;&#28385;&#36275;&#31532;3.3&#26465;&#32422;&#23450;&#30340;&#20854;&#20182;&#26465;&#20214;&#12290;
                                         </FONT></P>


</TD></TR></TABLE>


<!-- Field: Page; Sequence: 11; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 62.25pt; text-align: justify">, <FONT STYLE="font-family: Times New Roman, Times, Serif">&#19988;&#35813;&#37329;&#39069;&#30340;&#25903;&#20184;&#38656;&#35201;&#28385;&#36275;&#31532;</FONT>3.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#32422;&#23450;&#30340;&#20854;&#20182;&#26465;&#20214;&#12290;</FONT><BR>
In the second phase (&#8220;Phase Two&#8221;), Party A intends to pay US$2.4 million to Party B in cash; However, Party A has the
right to adjust the amount to be paid pursuant to the provisions of Section 3.3 of this agreement and such cash payment shall not
be due and owing until the conditions set forth in Section 3.3 have been met.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26.25pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 26.25pt">3.2</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#21508;&#26041;&#21516;&#24847;&#65292;&#22312;&#26412;&#21327;&#35758;&#29983;&#25928;&#19988;&#28385;&#36275;&#20197;&#19979;&#32422;&#23450;&#30340;&#26465;&#20214;&#21518;&#30002;&#26041;&#24212;&#21521;&#20057;&#26041;&#25353;&#29031;&#26412;&#21327;&#35758;</FONT>3.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#30340;&#35268;&#23450;&#21457;&#34892;&#31532;&#19968;&#26399;&#32929;&#20221;&#65306;</FONT><BR>
All Parties agree that Party A shall issue the shares described in Section 3.1 above in accordance with the provisions of this
agreement after execution of this Agreement and after the following conditions have been met:<BR>
<BR>
</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 26.25pt"></TD><TD STYLE="width: 36pt">&#65288;1&#65289;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#30002;&#26041;&#24050;&#32463;&#23545;&#19993;&#26041;&#23436;&#25104;&#20102;&#30456;&#20851;&#23613;&#32844;&#35843;&#26597;&#65292;&#24182;&#23545;&#20854;&#35843;&#26597;&#32467;&#26524;&#28385;&#24847;&#65307;</FONT><BR>
Party A has completed due diligence on Party C, and Party A is satisfied with the results of such due diligence.<BR>
<BR>
</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 26.25pt"></TD><TD STYLE="width: 36pt">&#65288;2&#65289;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#27425;&#32929;&#20221;&#21457;&#34892;&#24050;&#32463;&#21462;&#24471;&#25152;&#26377;&#30456;&#20851;&#30340;&#21516;&#24847;&#21644;&#25209;&#20934;&#65292;&#21253;&#25324;&#30002;&#26041;&#32929;&#19996;&#22823;&#20250;&#30340;&#25209;&#20934;&#12289;&#19993;&#26041;&#20869;&#37096;&#21644;&#20854;&#20182;&#31532;&#19977;&#26041;&#30340;&#25209;&#20934;&#65292;&#20197;&#21450;&#30456;&#20851;&#25919;&#24220;&#37096;&#38376;&#12289;&#35777;&#21048;&#20132;&#26131;&#25152;&#65288;</FONT>Nasdaq<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#30340;&#25209;&#20934;&#65288;&#22914;&#26377;&#65289;&#65307;</FONT><BR>
All relevant consents and approvals have been obtained in connection with the share issuance, including approval by Party A&#8217;s
shareholders, Party C and any required third party, related government departments, and the NASDAQ stock exchange, as required.<BR>
<BR>
</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 26.25pt"></TD><TD STYLE="width: 36pt">&#65288;3&#65289;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#21508;&#26041;&#24050;&#32463;&#31614;&#32626;&#22312;&#20869;&#23481;&#21644;&#24418;&#24335;&#19978;&#22343;&#20196;&#30002;&#26041;&#25509;&#21463;&#30340;&#22914;&#38468;&#20214;&#19968;&#30340;&#25511;&#21046;&#21327;&#35758;&#65307;</FONT><BR>
All Parities have signed the control agreements as set forth in the Attachment A.<BR>
<BR>
</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 26.25pt"></TD><TD STYLE="width: 36pt">&#65288;4&#65289;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#19993;&#26041;&#26080;&#37325;&#22823;&#19981;&#21033;&#21464;&#21270;&#12290;</FONT><BR>
Party C has no material adverse change.</TD></TR></TABLE>


<!-- Field: Page; Sequence: 12; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 26.25pt"></TD><TD STYLE="width: 36pt">&#65288;5&#65289;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25152;&#26377;&#26681;&#25454;&#26412;&#21327;&#35758;&#21457;&#34892;&#30340;&#32929;&#20221;&#22343;&#20026;&#38480;&#21046;&#24615;&#26222;&#36890;&#32929;&#65292;&#24182;&#35774;&#26377;</FONT>12<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20010;&#26376;&#30340;&#38145;&#23450;&#26399;&#26399;&#38480;&#21363;&#65288;&#8220;&#38145;&#23450;&#26399;&#8221;&#65289;&#65292;&#35813;&#26399;&#38388;&#20869;&#20057;&#26041;&#23558;&#19981;&#24471;&#36716;&#35753;&#12289;&#25285;&#20445;&#25110;&#22788;&#32622;&#35813;&#37096;&#20998;&#32929;&#20221;&#12290;&#27492;&#22806;&#65292;&#38145;&#23450;&#26399;&#20869;&#65292;&#20057;&#26041;&#23558;&#25480;&#26435;&#30002;&#26041;&#36890;&#30693;&#32929;&#20221;&#30331;&#35760;&#26426;&#26500;&#38480;&#21046;&#35813;&#37096;&#20998;&#32929;&#20221;&#30340;&#36716;&#35753;&#24182;&#35774;&#32622;&#30456;&#24212;&#26631;&#27880;&#12290;</FONT><BR>
All Shares issued pursuant to this Agreement shall be restricted ordinary shares and such shares shall be subject to a twelve (12)
month lock-up period (the &#8220;Lock-Up Period&#8221;) during which Party B may not offer, sell pledge or otherwise dispose of
the shares. Furthermore, during the Lock-Up Period, Party B authorizes the Party A to cause the transfer agent for the shares to
decline to transfer and to note stop transfer restrictions on its stock register.<BR>
<BR>
</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 26.25pt">3.3</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#21508;&#26041;&#21516;&#24847;&#65292;&#22312;&#28385;&#36275;&#20197;&#19979;&#32422;&#23450;&#30340;&#26465;&#20214;&#21518;&#30002;&#26041;&#24212;&#21521;&#20057;&#26041;&#25903;&#20184;&#31532;&#20108;&#26399;&#23545;&#20215;&#65306;</FONT><BR>
All Parties agree to proceed with the Phase Two payment, as described in Section 3.1 above, so long as the following conditions
have been met:<BR>
<BR>
</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 26.25pt"></TD><TD STYLE="width: 36pt">&#65288;1&#65289;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#19993;&#26041;&#26080;&#37325;&#22823;&#19981;&#21033;&#21464;&#21270;&#65307;</FONT><BR>
Party C has no material adverse change;<BR>
<BR>
</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 26.25pt"></TD><TD STYLE="width: 36pt"><B>&#65288;2&#65289;</B></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#19993;&#26041;&#36798;&#25104;&#20197;&#19979;&#19994;&#32489;&#25215;&#35834;&#65306;</B></FONT><B><BR>
Party C shall have reached the following performance goals:<BR>
<BR>
</B></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 62.25pt"></TD><TD STYLE="width: 21pt">(a)</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22914;&#26524;&#19993;&#26041;</FONT>2016<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36130;&#24180;&#21487;&#20197;&#23454;&#29616;&#20928;&#21033;&#28070;&#22686;&#38271;</FONT>15%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65292;&#21017;&#30002;&#26041;&#23558;&#21521;&#20057;&#26041;&#25903;&#20184;</FONT>140<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19975;&#32654;&#20803;&#29616;&#37329;&#65307;&#22914;&#26524;&#19993;&#26041;</FONT>2017<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36130;&#24180;&#21487;&#20197;&#32487;&#32493;&#23454;&#29616;</FONT>15%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30340;&#20928;&#21033;&#28070;&#22686;&#38271;&#65292;&#21017;&#30002;&#26041;&#23558;&#21521;&#20057;&#26041;&#25903;&#20184;&#20313;&#19979;</FONT>100<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19975;&#32654;&#20803;&#29616;&#37329;&#23545;&#20215;&#12290;</FONT><BR>
If Party C&#8217;s net profit for fiscal year 2016 shall increase by 15%, as compared with fiscal year 2015&#8217;s financial statements,
Party A shall pay Party B $1.4 million in cash; If Party C&#8217;s net profit for fiscal year 2017 increases by an additional 15%,
as compared with fiscal year 2016&#8217;s audited financial statements, Party A shall pay Party B the remaining $1.0 million in
cash.<BR>
<BR>
</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 62.25pt"></TD><TD STYLE="width: 21pt">(b)</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22914;&#26524;&#19993;&#26041;</FONT>2016<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36130;&#24180;&#25110;</FONT>2017<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36130;&#24180;&#30340;&#23454;&#38469;&#20928;&#21033;&#28070;&#22686;&#38271;&#29575;</FONT>(N%)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36229;&#36807;&#25110;&#32773;&#23569;&#20110;</FONT>15%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65292;</FONT></TD></TR></TABLE>


<!-- Field: Page; Sequence: 13; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 83.25pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#21017;</FONT>2016<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36130;&#24180;&#25110;</FONT>2017<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36130;&#24180;&#30002;&#26041;&#23558;&#21521;&#20057;&#26041;&#25903;&#20184;&#30340;&#29616;&#37329;&#37329;&#39069;</FONT>=140<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19975;&#32654;&#20803;&#25110;&#32773;</FONT>100<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19975;&#32654;&#20803;</FONT>*(
N%/15%)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;</FONT><BR>
If Party C&#8217;s audited FY2016 and FY2017&#8217;s net profit growth rate exceed&#8217;s 15% (N%), Party A shall pay Party B
an earn-out part by using the formula of $1.4 million or $1.0 million *(N%/15%).<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 62.25pt"></TD><TD STYLE="width: 21pt">(c)</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#30002;&#26041;&#20381;&#25454;&#19978;&#36848;</FONT>3.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT>(2)(b)
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#27454;&#23454;&#38469;&#21521;&#20057;&#26041;&#25903;&#20184;&#30340;&#37329;&#39069;&#19981;&#24471;&#36229;&#36807;</FONT>140<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19975;&#32654;&#20803;&#25110;</FONT>100<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19975;&#32654;&#20803;&#30340;</FONT>200%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65292;&#20134;&#19981;&#24471;&#23569;&#20110;</FONT>140<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19975;&#32654;&#20803;&#25110;</FONT>100<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19975;&#32654;&#20803;&#30340;</FONT>50%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65292;&#20294;&#26412;&#21327;&#35758;&#31532;</FONT>3.4<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#21478;&#26377;&#35268;&#23450;&#30340;&#38500;&#22806;&#12290;</FONT><BR>
Party A shall, based on the above Section 3.3(2)(b), pay an amount to Party B not exceeding 200% of $1.4 million or $1.0 million,
nor below 50% of $1.4 million or $1.0 million, except as otherwise provided in the item 3.4 in this Agreement.<BR>
<BR>
</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 62.25pt"></TD><TD STYLE="width: 21pt">(d)</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#30002;&#26041;&#20381;&#25454;&#19978;&#36848;</FONT>3.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#65288;</FONT>2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#27454;&#24212;&#21521;&#20057;&#26041;&#25903;&#20184;&#30340;&#20041;&#21153;&#23558;&#20165;&#22312;&#30002;&#26041;&#25910;&#21040;&#24182;&#20998;&#26512;&#30830;&#35748;&#19993;&#26041;&#21508;&#23545;&#24212;&#36130;&#21153;&#24180;&#24230;&#32463;&#23457;&#35745;&#30340;&#36130;&#21153;&#32467;&#26524;&#21518;&#20135;&#29983;&#12290;&#37492;&#20110;&#27492;&#65292;&#20844;&#21496;&#20381;&#25454;&#36825;&#20004;&#27425;&#25903;&#20184;&#20041;&#21153;&#21457;&#29983;&#30340;&#26102;&#28857;&#23558;&#20998;&#21035;&#24320;&#22987;&#20110;</FONT>2016<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>9<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>30<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#20197;&#21450;</FONT>2017<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>9<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>30<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#12290;</FONT><BR>
The above amounts due under this section 3.3(2) shall not be due and owing until after Party A has received and analyzed, to its
satisfaction, Party C&#8217;s audited financial statements for each respective fiscal year. As such, it is estimated that the payments,
if any, shall be due and owing on or about September 30, 2016 and September 30, 2017.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 26.25pt">3.4</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#21508;&#26041;&#21516;&#24847;&#65292;&#22914;&#26412;&#21327;&#35758;&#31532;</FONT>3.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#32422;&#23450;&#30340;&#19994;&#32489;&#25215;&#35834;&#26399;&#20869;&#19993;&#26041;</FONT>2016<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36130;&#24180;&#25110;</FONT>2017<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;&#23454;&#38469;&#21033;&#28070;&#22686;&#38271;&#29575;&#20026;&#36127;&#65292;&#21017;&#30002;&#26041;&#19981;&#20877;&#36127;&#26377;&#32487;&#32493;&#21521;&#20057;&#26041;&#21457;&#34892;&#31532;&#20108;&#26399;&#32929;&#20221;&#25110;&#25903;&#20184;&#20219;&#20309;&#29616;&#37329;&#30340;&#20041;&#21153;&#12290;</FONT><BR>
All parties agree that, according to the performance commitments set forth in section 3.3, if Party C has a decrease in its actual
net profit growth rate in FY2016, Party A shall not have any obligation to pay the Phase Two consideration to Party B.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;&#22235;&#26465;</FONT></TD><TD STYLE="text-align: justify">&#30456;&#20851;&#25163;&#32493;&#30340;&#21150;&#29702;<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Article 4 Related
Procedures<BR>
</P>


<!-- Field: Page; Sequence: 14; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt; text-align: left">4.1</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#21508;&#26041;&#21516;&#24847;&#65292;&#26412;&#21327;&#35758;&#38468;&#20214;&#19968;&#25511;&#21046;&#21327;&#35758;&#39033;&#19979;&#30340;&#32929;&#26435;&#36136;&#25276;&#30331;&#35760;&#25163;&#32493;&#30001;&#19993;&#26041;&#36127;&#36131;&#21150;&#29702;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify">All Parties agree that Party C
will be responsible for the share pledge registration in accordance with the terms of the Control Agreement set forth in Attachment
A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt">4.2</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#32929;&#26435;&#36136;&#25276;&#30331;&#35760;&#25163;&#32493;&#22914;&#20135;&#29983;&#20219;&#20309;&#36153;&#29992;&#30001;&#19993;&#26041;&#25215;&#25285;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify">Party C shall bear all expenses
in connection with share pledge registration.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;&#20116;&#26465;</FONT></TD><TD STYLE="text-align: justify">&#19993;&#26041;&#31649;&#29702;<FONT STYLE="font-family: Times New Roman, Times, Serif"> </FONT></TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Article 5 Corporate<FONT STYLE="font-size: 10pt">
Governance of Party C</FONT><BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt">5.1</TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#20057;&#26041;&#21516;&#24847;&#24182;&#20445;&#35777;&#65292;&#38468;&#20214;&#19968;&#30340;&#25511;&#21046;&#21327;&#35758;&#31614;&#32626;&#21518;&#65292;&#20057;&#26041;&#22312;&#19993;&#26041;&#30340;&#32929;&#19996;&#26435;&#21033;&#24212;&#24403;&#30001;&#19969;&#26041;&#34892;&#20351;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify">Party B agrees and guarantees
that, after signing the control agreement in attachment A, all rights of Party B as shareholders of Party C shall be exercised
by Party D.<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt">5.2</TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#19969;&#26041;&#26435;&#21033;&#12290;&#19969;&#26041;&#20139;&#26377;&#20316;&#20026;&#32929;&#19996;&#25152;&#20139;&#26377;&#30340;&#22914;&#19979;&#26435;&#21033;&#65288;</FONT><FONT STYLE="font-size: 10pt">1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21442;&#21152;&#19993;&#26041;&#30340;&#32929;&#19996;&#20250;&#65292;&#24182;&#31614;&#32626;&#26377;&#20851;&#32929;&#19996;&#20250;&#20915;&#35758;&#65307;&#65288;</FONT>2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#34892;&#20351;&#25353;&#29031;&#27861;&#24459;&#21644;&#19993;&#26041;&#30340;&#31456;&#31243;&#35268;&#23450;&#20057;&#26041;&#25152;&#20139;&#26377;&#30340;&#20840;&#37096;&#32929;&#19996;&#26435;&#21033;&#65292;&#21253;&#25324;&#20294;&#19981;&#38480;&#20110;&#32929;&#19996;&#34920;&#20915;&#26435;&#12289;&#20986;&#21806;&#25110;&#36716;&#35753;&#25110;&#36136;&#25276;&#25110;&#22788;&#32622;&#19993;&#26041;&#32929;&#26435;&#30340;&#20840;&#37096;&#25110;&#20219;&#20309;&#19968;&#37096;&#20998;&#30340;&#26435;&#21033;&#65307;&#20197;&#21450;&#65288;</FONT>3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20316;&#20026;&#20057;&#26041;&#30340;&#25480;&#26435;&#20195;&#34920;&#25351;&#23450;&#21644;&#20219;&#21629;&#19993;&#26041;&#30340;&#27861;&#23450;&#20195;&#34920;&#20154;&#12289;&#33891;&#20107;&#38271;&#12289;&#33891;&#20107;&#12289;&#30417;&#20107;&#12289;&#24635;&#32463;&#29702;&#20197;&#21450;&#20854;&#20182;&#39640;&#32423;&#31649;&#29702;&#20154;&#21592;&#31561;&#12290;</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify">Rights of Party D. As a shareholder,
Party D shall have the following rights: (1) to attend shareholder meetings of Party C and sign shareholder resolutions, (2) to
exercise shareholder rights under laws and bylaws of Party C, including but not limited to shareholder voting rights, right to
sell, transfer, pledge or dispose of all or part of its shares; and (3) to act as Party B&#8217;s authorized representative and
appoint the legal representative, chairman of board of directors, director, supervisor, general manager and other members of senior
management of Party C.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;&#20845;&#26465;</FONT></TD><TD STYLE="text-align: justify">&#31454;&#19994;&#38480;&#21046;<FONT STYLE="font-family: Times New Roman, Times, Serif"> </FONT></TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Article 6 Non-Competition<BR>
<BR>
</P>


<!-- Field: Page; Sequence: 15; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt">6.1</TD><TD STYLE="text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#20057;&#26041;&#25215;&#35834;&#19993;&#26041;&#26159;&#20057;&#26041;&#32463;&#33829;&#30456;&#20851;&#19994;&#21153;&#30340;&#21807;&#19968;&#23454;&#20307;&#65292;&#21363;&#20057;&#26041;&#19981;&#24471;&#21478;&#35774;&#25110;&#21442;&#32929;&#19982;&#19993;&#26041;&#20027;&#33829;&#19994;&#21153;&#30456;&#21516;&#30340;&#20844;&#21496;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: left">Party B represents and warrants that
Party C is the only operating entity it has established in this line of of business and that Party B will not in any way compete
with Party C&#8217;s business, whether that be by establishing or investing in any entity with the same primary business as Party
C.<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt">6.2</TD><TD STYLE="text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#20057;&#26041;</FONT><FONT STYLE="font-size: 10pt">/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19993;&#26041;&#21516;&#24847;&#37319;&#21462;&#26377;&#25928;&#25514;&#26045;&#30830;&#20445;&#19993;&#26041;&#30340;&#39640;&#32423;&#31649;&#29702;&#20154;&#21592;&#19981;&#24471;&#35774;&#31435;&#25110;&#20197;&#20219;&#20309;&#24418;&#24335;&#65288;&#21253;&#25324;&#20294;&#19981;&#38480;&#20110;&#20197;&#32929;&#19996;&#12289;&#21512;&#20249;&#20154;&#12289;&#33891;&#20107;&#12289;&#30417;&#20107;&#12289;&#32463;&#29702;&#12289;&#32844;&#21592;&#12289;&#20195;&#29702;&#20154;&#12289;&#39038;&#38382;&#31561;&#31561;&#36523;&#20221;&#65289;&#21442;&#19982;&#19982;&#19993;&#26041;&#19994;&#21153;&#30456;&#31454;&#20105;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30456;&#20851;&#32852;&#30340;&#20854;&#20182;&#32463;&#33829;&#23454;&#20307;&#12290;</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: left">Party B and Party C agree to take
effective measures to ensure that senior executives of Party C do not set up or participate in any other operating entities or
affiliated entities with operations that compete with Party C.<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt">6.3</TD><TD STYLE="text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#20057;&#26041;&#21516;&#24847;&#65292;&#20057;&#26041;</FONT><FONT STYLE="font-size: 10pt">/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19993;&#26041;&#36829;&#21453;&#26412;&#21327;&#35758;&#31532;</FONT>6.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#12289;&#31532;</FONT>6.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#30340;&#25215;&#35834;&#65292;&#33268;&#20351;&#30002;&#26041;&#25110;&#19969;&#26041;&#30340;&#21033;&#30410;&#21463;&#21040;&#20219;&#20309;&#25439;&#23475;&#30340;&#65292;&#24212;&#23601;&#30002;&#26041;&#25110;&#19969;&#26041;&#36973;&#21463;&#30340;&#30452;&#25509;&#25110;&#38388;&#25509;&#25439;&#22833;&#25215;&#25285;&#36180;&#20607;&#36131;&#20219;&#12290;</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: left">Party B agree that, if Party B or
Party C breaches Sections 6.1 and 6.2 of this Agreement and causes any damage to Party A&#8217;s or Party D&#8217;s interests in
any way, Party B will be liable for all direct and indirect damages of Party A and Party D.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;&#19971;&#26465;</FONT></TD><TD STYLE="text-align: justify">&#30693;&#35782;&#20135;&#26435;&#30340;&#21344;&#26377;&#19982;&#20351;&#29992;<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Article 7 <FONT STYLE="font-size: 10pt">Possession
and use of intellectual property </FONT><BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">7.1</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20057;&#26041;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19993;&#26041;&#21333;&#29420;&#24182;&#20849;&#21516;&#22768;&#26126;&#12289;&#25215;&#35834;&#24182;&#20445;&#35777;&#65292;&#26412;&#21327;&#35758;&#31614;&#35746;&#20043;&#26102;&#21450;&#26412;&#21327;&#35758;&#31614;&#35746;&#20043;&#21518;&#65292;&#19993;&#26041;&#26159;&#19993;&#26041;&#20225;&#19994;&#21517;&#31216;&#12289;&#21830;&#26631;&#21644;&#19987;&#21033;&#12289;&#21830;&#21697;&#21517;&#31216;&#21450;&#21697;&#29260;&#12289;&#32593;&#31449;&#21517;&#31216;&#12289;&#22495;&#21517;&#12289;&#19987;&#26377;&#25216;&#26415;&#12289;&#21508;&#31181;&#32463;&#33829;&#35768;&#21487;&#35777;&#31561;&#30456;&#20851;&#30693;&#35782;&#20135;&#26435;&#12289;&#35768;&#21487;&#26435;&#30340;&#21807;&#19968;&#30340;&#12289;&#21512;&#27861;&#30340;&#25152;&#26377;&#26435;&#20154;&#65307;&#19978;&#36848;&#30693;&#35782;&#20135;&#26435;&#22343;&#32463;&#36807;&#24517;&#35201;&#30340;&#30456;&#20851;&#25919;&#24220;&#37096;&#38376;&#25209;&#20934;&#25110;&#22791;&#26696;&#65292;&#19988;&#25152;&#26377;&#20026;&#20445;&#25252;&#35813;&#31561;&#30693;&#35782;&#20135;&#26435;&#32780;&#37319;&#21462;&#30340;&#21512;&#27861;&#25514;&#26045;&#22343;&#32463;&#36807;&#25919;&#24220;&#37096;&#38376;&#25209;&#20934;&#25110;&#22791;&#26696;&#65292;&#24182;&#20445;&#35777;&#25353;&#26102;&#32564;&#32435;&#30456;&#20851;&#36153;&#29992;&#65292;&#20445;&#35777;&#20854;&#26435;&#21033;&#30340;&#25345;&#32493;&#26377;&#25928;&#24615;&#12290;</FONT>Party
B and Party C, individually and jointly and severally, represent, warrant and guarantee that, at and after the execution of this
Agreement, Party C is the sole legal owner of its intellectual property rights and permits, including the
business name, trademarks, patents, product names and brands, web names, domain names, proprietary technologies and various licenses
and permits. Party B and Party C, individually and jointly and severally, represent, warrant and guarantee that all legal measures
taken to protect the foregoing intellectual property have been approved by or recorded with related government agencies, all related
expenses will be paid on time, and the foregoing rights will be continuously valid.</TD></TR></TABLE>


<!-- Field: Page; Sequence: 16; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">7.2</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#33509;&#19982;&#19993;&#26041;&#29983;&#20135;&#32463;&#33829;&#30456;&#20851;&#30340;&#30693;&#35782;&#20135;&#26435;&#26410;&#22312;&#19993;&#26041;&#21517;&#19979;&#65292;&#20057;&#26041;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19993;&#26041;&#24212;&#30830;&#20445;&#30456;&#20851;&#26435;&#21033;&#20154;&#25353;&#29031;&#21512;&#29702;&#30340;&#26041;&#24335;&#22312;&#26412;&#21327;&#35758;&#31614;&#32626;&#21518;&#23558;&#30456;&#20851;&#30693;&#35782;&#20135;&#26435;&#26080;&#20607;&#25110;&#20197;&#27861;&#24459;&#27861;&#35268;&#20801;&#35768;&#30340;&#26368;&#20302;&#20215;&#26684;&#36716;&#31227;&#33267;&#19993;&#26041;&#21517;&#19979;&#12290;</FONT>If
intellectual property rights related to Party C&#8217;s products and operations are not under its name, Party B and Party C shall
ensure that, in a reasonable manner and in accordance with relevant intellectual property rights laws and regulations, all related
rights and ownership interests in the intellectual property will be transferred to Party C free or at the lowest price permitted
by law after the execution of this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt">&#31532;&#20843;&#26465;</TD><TD STYLE="text-align: justify">&#20538;&#26435;&#21644;&#20538;&#21153;</TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Article
8 <FONT STYLE="font-size: 10pt">Debts</FONT> and Liabilities</FONT><BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">8.1</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20057;&#26041;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19993;&#26041;&#65292;&#20998;&#21035;&#21644;&#20849;&#21516;&#30830;&#35748;&#24182;&#25215;&#35834;&#65292;&#22312;&#31614;&#35746;&#26412;&#21327;&#35758;&#20043;&#21069;&#19981;&#23384;&#22312;&#20219;&#20309;&#26410;&#25259;&#38706;&#30340;&#24050;&#21457;&#29983;&#25110;&#28508;&#22312;&#30340;&#20538;&#21153;&#21644;&#36131;&#20219;&#65288;&#21253;&#25324;&#20294;&#19981;&#38480;&#20110;&#21512;&#21516;&#20538;&#21153;&#12289;&#20405;&#26435;&#20043;&#20538;&#20197;&#21450;&#30456;&#20851;&#37096;&#38376;&#32473;&#20104;&#30340;&#21508;&#31181;&#34892;&#25919;&#32602;&#27454;&#65289;&#65292;&#19988;&#22312;&#36807;&#28193;&#26399;&#20869;&#27809;&#26377;&#30002;&#26041;&#21644;&#19969;&#26041;&#21516;&#24847;&#65292;&#23558;&#19981;&#20250;&#20135;&#29983;&#30456;&#20851;&#36127;&#20538;&#25110;&#36131;&#20219;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Party B and Party C, individually
and jointly and severally, represent and warrant that there are no undisclosed existing or potential debts and liabilities prior
to the execution of this Agreement (including but not limited to contractual liability, tort liability, and fines by various government
agencies) and there will be no debts or liabilities will be entered into during the transition period without the consent of Party
A and Party D (such consent not be unreasonably withheld).<BR>
<BR>
</P>


<!-- Field: Page; Sequence: 17; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">8.2</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20057;&#26041;&#21516;&#24847;&#65292;&#23545;&#26410;&#20197;&#20070;&#38754;&#24418;&#24335;&#21521;&#30002;&#26041;&#25259;&#38706;&#30340;&#19993;&#26041;&#30340;&#20538;&#21153;&#21644;&#36131;&#20219;&#65292;&#30001;&#20057;&#26041;&#25215;&#25285;&#12290;&#65292;&#20057;&#26041;&#24212;&#24403;&#22312;&#23454;&#38469;&#21457;&#29983;&#36180;&#20184;&#21518;</FONT>5<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20010;&#24037;&#20316;&#26085;&#20869;&#20840;&#39069;&#21521;&#19993;&#26041;&#36827;&#34892;&#34917;&#20607;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Party B agrees to be liable
for any debts and liabilities that have not been disclosed to Party A in writing. If Party C incurs any debts and liabilities,
Party B shall compensate Party C in the full amount within five working days after the payment has been made by Party C.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;&#20061;&#26465;</FONT></TD><TD STYLE="text-align: justify">&#20445;&#35777;&#21644;&#25215;&#35834;<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Article 9 <FONT STYLE="font-size: 10pt">Representations
and Warranties </FONT><BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal">9.1</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">&#30002;&#26041;&#21450;&#19969;&#26041;&#65292;&#20998;&#21035;&#21644;&#20849;&#21516;&#21521;&#20057;&#26041;&#21644;&#19993;&#26041;&#20445;&#35777;&#21644;&#25215;&#35834;&#22914;&#19979;&#65306;<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">Party A and Party D, individually and jointly and severally, make the
following representations and warranties to Party B and Party C:</FONT><BR>
<BR>
</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">&#65288;1&#65289;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#30002;&#26041;&#21450;&#19969;&#26041;&#26159;&#20381;&#27861;&#27880;&#20876;&#25104;&#31435;&#24182;&#19988;&#21512;&#27861;&#23384;&#32493;&#30340;&#20225;&#19994;&#27861;&#20154;&#65292;&#20855;&#26377;&#31614;&#32626;&#26412;&#21327;&#35758;&#30340;&#26435;&#21033;&#33021;&#21147;&#21644;&#34892;&#20026;&#33021;&#21147;&#65292;&#24182;&#26377;&#36275;&#22815;&#30340;&#33021;&#21147;&#20840;&#38754;&#23653;&#34892;&#26412;&#21327;&#35758;&#35268;&#23450;&#30340;&#20041;&#21153;&#12290;</FONT>Party
A and Party D are enterprises legally registered and currently in good standing with the ability to sign this agreement and fully
perform obligations under this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal">9.2</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal">&#20057;&#26041;&#21450;&#19993;&#26041;&#65292;&#20998;&#21035;&#21644;&#20849;&#21516;&#21521;&#30002;&#26041;&#21644;&#19969;&#26041;&#20445;&#35777;&#21644;&#25215;&#35834;&#22914;&#19979;&#65306;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-weight: normal">Party
B and Party C, individually and jointly and severally, represent and warrant to Party A and Party D as follows:<BR>
<BR>
</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.95pt"></TD><TD STYLE="width: 21pt">(1)</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#19993;&#26041;&#26159;&#19968;&#23478;&#20381;&#29031;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#27861;&#24459;&#27861;&#35268;&#20110;&#25104;&#31435;&#24182;&#21512;&#27861;&#23384;&#32493;&#30340;&#26377;&#38480;&#36131;&#20219;&#20844;&#21496;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42pt; text-align: justify">Party C is a limited liability
company duly formed, validly existing and in good standing under the laws of the PRC.<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.95pt"></TD><TD STYLE="width: 21pt">(2)</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25317;&#26377;&#31614;&#35746;&#24182;&#23653;&#34892;&#26412;&#21327;&#35758;&#20041;&#21153;&#30340;&#20840;&#37096;&#26435;&#21033;&#19982;&#25480;&#26435;&#65292;&#24182;&#20381;&#25454;&#20013;&#22269;&#27861;&#24459;&#20855;&#26377;&#31614;&#35746;&#26412;&#21327;&#35758;&#25152;&#26377;&#30340;&#36164;&#26684;&#26465;&#20214;&#21644;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25110;&#34892;&#20026;&#33021;&#21147;&#12290;&#26412;&#21327;&#35758;&#30340;&#31614;&#32626;&#21644;&#23653;&#34892;&#19981;&#20250;&#19982;&#19993;&#26041;&#20844;&#21496;&#31456;&#31243;&#25110;&#26377;&#20851;&#27861;&#24459;&#12289;&#27861;&#35268;&#12289;&#26465;&#20363;&#31561;&#26377;&#32422;&#26463;&#21147;&#30340;&#35268;&#33539;&#24615;&#25991;&#20214;&#25110;&#19993;&#26041;&#31614;&#35746;&#30340;&#21327;&#35758;&#31561;&#25152;&#25215;&#25285;&#30340;&#20041;&#21153;&#30456;&#20914;&#31361;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 38.95pt; text-align: left">Party B and Party C each have
the right and authority to sign this agreement, and to exercise rights and perform obligations hereunder. They have the qualifications
and ability required to</P>


<!-- Field: Page; Sequence: 18; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 38.95pt; text-align: left">sign this agreement under PRC
laws. The execution and performance of this agreement will not conflict with Party C&#8217;s bylaws, binding documents, including
any governing laws, regulations and rules, or any agreement signed by Party C.<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.95pt"></TD><TD STYLE="width: 21pt">(3)</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21327;&#35758;&#30340;&#31614;&#35746;&#25110;&#23653;&#34892;&#19981;&#36829;&#21453;&#20197;&#20854;&#20026;&#19968;&#26041;&#30340;&#20219;&#20309;&#37325;&#22823;&#21512;&#21516;&#25110;&#21327;&#35758;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 38.95pt; text-align: justify">The execution or performance
of this agreement will not violate any material agreement signed by any Party.<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.95pt"></TD><TD STYLE="width: 21pt">(4)</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#24050;&#23601;&#19982;&#26412;&#27425;&#20132;&#26131;&#26377;&#20851;&#30340;&#25152;&#26377;&#20449;&#24687;&#21644;&#36164;&#26009;&#65292;&#21521;&#30002;&#26041;&#36827;&#34892;&#19988;&#23558;&#22312;&#36807;&#28193;&#26399;&#20869;&#20173;&#23558;&#36827;&#34892;&#20805;&#20998;&#12289;&#35814;&#23613;&#12289;&#21450;&#26102;&#30340;&#25259;&#38706;&#65292;&#27809;&#26377;&#37325;&#22823;&#36951;&#28431;&#12289;&#35823;&#23548;&#21644;&#34394;&#26500;&#12290;&#20445;&#35777;&#33258;&#26412;&#21327;&#35758;&#31614;&#35746;&#33267;&#25972;&#20010;&#36807;&#28193;&#26399;&#20869;&#20854;&#21521;&#30002;&#26041;&#25552;&#20379;&#30340;&#19968;&#20999;&#25991;&#20214;&#36164;&#26009;&#22343;&#26159;&#30495;&#23454;&#12289;&#26377;&#25928;&#23436;&#25972;&#30340;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 38.95pt; text-align: justify">Party B and Party C have made
a full, detailed, complete and timely disclosure of all information and materials related to this transaction, and will continue
to do so through the Transition Period, without any material omission, misleading or false information. Party B and Party C also
represent and warrant that all documents provided to Party A are true, valid and complete as of the date of this Agreement and
will remain so through the Transition Period.<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.95pt"></TD><TD STYLE="width: 21pt">(5)</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20445;&#35777;&#19993;&#26041;&#20840;&#38754;&#23653;&#34892;&#26412;&#21327;&#35758;&#32422;&#23450;&#30340;&#20041;&#21153;&#65292;&#20057;&#26041;&#30340;&#20445;&#35777;&#26041;&#24335;&#20026;&#36830;&#24102;&#36131;&#20219;&#20445;&#35777;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 38.95pt; text-align: justify">Party B and Party C will fully
perform their obligations under this agreement and Party B bears joint and several liabilities for Party C&#8217;s actions.<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.95pt"></TD><TD STYLE="width: 21pt">(6)</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#24050;&#21521;&#19988;&#22312;&#36807;&#28193;&#26399;&#20869;&#25345;&#32493;&#21521;&#30002;&#26041;&#25259;&#38706;&#25152;&#28041;&#21450;&#25110;&#21487;&#33021;&#28041;&#21450;&#30340;&#20210;&#35009;&#12289;&#35785;&#35772;&#12289;&#21496;&#27861;&#25191;&#34892;&#31561;&#27861;&#24459;&#32416;&#32439;&#25110;&#34892;&#25919;&#22788;&#32602;&#12289;&#25919;&#24220;&#35843;&#26597;&#31561;&#20107;&#39033;&#65292;&#24182;&#23601;&#27492;&#31561;&#20107;&#39033;&#21487;&#33021;&#32473;&#19993;&#26041;&#25110;&#26412;&#21327;&#35758;&#30340;&#23653;&#34892;&#36896;&#25104;&#30340;&#24433;&#21709;&#24050;&#21521;&#30002;&#26041;&#20316;&#20102;&#20805;&#20998;&#30340;&#38472;&#36848;&#21644;&#35828;&#26126;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 38.95pt; text-align: justify">Party B and Party C have already
disclosed to Party A, and will continue to disclose through the Transition Period, all legal enforcement and government investigation
related matters such as arbitration, litigation, and judicial enforcement and have made, and will continue to make, full disclosure
with regard to the potential impact of such matters on Party C or its performance of this agreement.<BR>
</P>


<!-- Field: Page; Sequence: 19; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 38.95pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 17.95pt"></TD><TD STYLE="width: 21pt; text-align: left">(7)</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#19993;&#26041;&#30446;&#21069;&#21450;&#26410;&#26469;&#30340;&#36130;&#21153;&#20250;&#35745;&#25253;&#34920;&#20844;&#27491;&#30495;&#23454;&#22320;&#21453;&#26144;&#20102;&#19993;&#26041;&#30340;&#32463;&#33829;&#19994;&#32489;&#21450;&#36164;&#20135;&#36127;&#20538;&#29366;&#20917;&#65292;&#19981;&#21253;&#21547;&#20219;&#20309;&#34394;&#20551;&#25104;&#20998;&#65292;&#27809;&#26377;&#20026;&#35823;&#23548;&#30002;&#26041;&#32780;&#25925;&#24847;&#30465;&#30053;&#37096;&#20998;&#20851;&#38190;&#20107;&#23454;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 38.95pt; text-align: justify">The financial statements of
Party C, now and in the future, fairly and accurately reflect the operating results, assets and liabilities of Party C without
any false element or intentional and partial omission of key facts to mislead Party A.<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.95pt"></TD><TD STYLE="width: 21pt">(8)</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20445;&#35777;&#19993;&#26041;&#30340;&#20851;&#38190;&#31649;&#29702;&#20154;&#21592;&#21644;&#25216;&#26415;&#39592;&#24178;&#22312;&#26412;&#21327;&#35758;&#31614;&#32626;&#21518;&#19982;&#19993;&#26041;&#31614;&#35746;&#19981;&#20302;&#20110;&#20116;&#24180;&#30340;&#21171;&#21160;&#21512;&#21516;&#21450;&#30456;&#20851;&#20445;&#23494;&#12289;&#19981;&#31454;&#20105;&#21327;&#35758;&#65288;&#22914;&#30002;&#26041;&#35201;&#27714;&#65289;&#12290;&#35813;&#31867;&#21327;&#35758;&#27491;&#26412;&#25110;&#21103;&#26412;&#23558;&#34987;&#25552;&#20379;&#32473;&#30002;&#26041;&#21644;&#19969;&#26041;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 38.95pt; text-align: justify">Key personnel and technical
staff of Party C have signed employment agreements and related non-disclosure and non-compete agreements (per Party A&#8217;s request)
for a period of not less than five years from the execution of this agreement. Originals or copies of all such confidentiality
agreements have been, or will be during the Transition Period, delivered to Party A and Party D.<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.95pt"></TD><TD STYLE="width: 21pt">(9)</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20445;&#35777;&#26412;&#21327;&#35758;&#31614;&#32626;&#21518;</FONT>30<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#20869;&#21150;&#29702;&#23436;&#25104;&#38468;&#20214;&#19968;&#25511;&#21046;&#21327;&#35758;&#39033;&#19979;&#30340;&#32929;&#26435;&#36136;&#25276;&#30331;&#35760;&#12290;</FONT><BR>
Party B and C will cooperate in completing the share pledge registration according to the control agreements attached hereto as
Attachment A within 30 days from signing this agreement.<BR>
</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.95pt"></TD><TD STYLE="width: 21pt">(10)</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22312;&#20013;&#22269;&#27861;&#24459;&#27861;&#35268;&#20801;&#35768;&#30340;&#24773;&#20917;&#19979;&#65292;&#20057;&#26041;&#24212;&#23613;&#24555;&#23436;&#25104;&#25110;&#32773;&#20840;&#21147;&#37197;&#21512;&#30002;&#26041;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19969;&#26041;&#23436;&#25104;&#30456;&#24212;&#30340;&#22806;&#27719;&#30331;&#35760;&#12290;</FONT><BR>
If permitted by PRC laws and regulations, Party B shall complete, or cooperate with Party A and Party D to complete, foreign currency
registration as soon as possible.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;&#21313;&#26465;</FONT></TD><TD STYLE="text-align: justify">&#36890;&#30693;&#21450;&#36865;&#36798;<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Article 10 Notices
and Deliveries<BR>
<BR>
</P>


<!-- Field: Page; Sequence: 20; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->20<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">10.1</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22312;&#26412;&#21327;&#35758;&#26377;&#25928;&#26399;&#20869;&#65292;&#22240;&#27861;&#24459;&#12289;&#27861;&#35268;&#12289;&#25919;&#31574;&#30340;&#21464;&#21270;&#65292;&#25110;&#20219;&#19968;&#26041;&#20007;&#22833;&#23653;&#34892;&#26412;&#21327;&#35758;&#30340;&#36164;&#26684;&#21644;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25110;&#33021;&#21147;&#65292;&#23548;&#33268;&#24433;&#21709;&#26412;&#21327;&#35758;&#30340;&#23653;&#34892;&#65292;&#35813;&#26041;&#24212;&#25215;&#25285;&#30456;&#24212;&#30340;&#22312;&#21512;&#29702;&#26102;&#38388;&#20869;&#36890;&#30693;&#30340;&#20041;&#21153;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Within the term of this agreement,
if any changes in laws, regulations, and policies cause any loss of the ability or qualification of any Party to perform its obligations
under this agreement which affects the performance of this agreement, such Party shall have the obligation to notify the other
Parties within a reasonable time period.<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">10.2</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#21508;&#26041;&#21516;&#24847;&#65292;&#19982;&#26412;&#21327;&#35758;&#26377;&#20851;&#30340;&#20219;&#20309;&#36890;&#30693;&#65292;&#20197;&#20070;&#38754;&#36865;&#36798;&#26041;&#24335;&#26041;&#20026;&#26377;&#25928;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">All Parties agree that any
notice related to this agreement shall be given in writing.<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">10.3</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#36890;&#30693;&#36865;&#36798;&#19979;&#21015;&#22320;&#28857;&#25110;&#21508;&#26041;&#30340;&#23454;&#38469;&#32463;&#33829;&#22320;&#25110;&#20303;&#25152;&#22320;&#65306;</FONT><BR>
Notice should be delivered to the following locations or the actual business location or domicile of all Parties:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#30002;</FONT>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26041;&#22320;&#22336;&#65306;</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#21271;&#20140;&#24066;&#26397;&#38451;&#21306;&#25282;&#26519;&#36335;</FONT>9<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21495;&#26223;&#40857;&#22269;&#38469;&#22823;&#21414;</FONT>C<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24231;</FONT>1902</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Address of Party A: Room 1902,
Jing long Guo ji,No. 9 Fulin Road, Chaoyang District,Beijing, P.R.China&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20057;&#26041;&#19968;&#22320;&#22336;&#65306;&#38738;&#28023;&#30465;&#33579;&#23830;&#33457;&#22303;&#27807;&#29615;&#22478;&#36335;</FONT>0467<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21495;&#21326;&#27833;&#20117;&#19979;&#20844;&#21496;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Address of Party B1: No. 0467,
Huang Chen Road, Hua Tu Gou, Mang Ya city, Qinghai Province;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20057;&#26041;&#20108;&#22320;&#22336;&#65306;&#38738;&#28023;&#30465;&#33579;&#23830;&#33457;&#22303;&#27807;&#29615;&#22478;&#36335;</FONT>0467<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21495;&#21326;&#27833;&#20117;&#19979;&#20844;&#21496;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Address of Part B2: No. 0467,
Huang Chen Road, Hua Tu Gou, Mang Ya city, Qinghai Province, P.R. China;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20057;&#26041;&#19977;&#22320;&#22336;&#65306;&#38738;&#28023;&#30465;&#33579;&#23830;&#33457;&#22303;&#27807;&#29615;&#22478;&#36335;</FONT>0467<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21495;&#21326;&#27833;&#20117;&#19979;&#20844;&#21496;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Address of Party B3: No. 0467,
Huang Chen Road, Hua Tu Gou, Mang Ya city, Qinghai Province, P.R. China;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 31.5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#19993;</FONT>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26041;&#22320;&#22336;&#65306;</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#38738;&#28023;&#30465;&#33579;&#23830;&#33457;&#22303;&#27807;&#29615;&#22478;&#36335;</FONT>0467<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21495;&#21326;&#27833;&#20117;&#19979;&#20844;&#21496;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 31.5pt; text-align: justify">Address of Party C: Address
of Part B1: No. 0467, Huang Chen Road, Hua Tu Gou, Mang Ya</P>


<!-- Field: Page; Sequence: 21; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->21<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 31.5pt; text-align: justify">city, Qinghai Province, P.R.
China;<BR>
<BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.5pt 0pt 31.5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#19969;</FONT>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26041;&#22320;&#22336;&#65306;&#21271;&#20140;&#24066;&#28023;&#28096;&#21306;&#30693;&#26149;&#36335;</FONT>51<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21495;&#24910;&#26124;&#22823;&#21414;&#20116;&#23618;</FONT>5771<FONT STYLE="font-family: Times New Roman, Times, Serif">&#23460;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.5pt 0pt 31.5pt; text-align: justify">Address of Party D: Room
5771, 5<SUP>th</SUP> Floor, Shen Chang Building, Zhi Chun Road, Haidian District, Beijing, P.R. China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 31.5pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;&#21313;&#19968;&#26465;</FONT></TD><TD STYLE="text-align: justify">&#36829;&#32422;&#21450;&#20854;&#36131;&#20219;<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Article 11 Breach
of Contract<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">11.1</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21327;&#35758;&#29983;&#25928;&#21518;&#65292;&#21508;&#26041;&#24212;&#25353;&#29031;&#26412;&#21327;&#35758;&#30340;&#35268;&#23450;&#20840;&#38754;&#12289;&#36866;&#24403;&#12289;&#21450;&#26102;&#22320;&#23653;&#34892;&#20854;&#20041;&#21153;&#12289;&#25215;&#35834;&#21450;&#20854;&#20182;&#30456;&#20851;&#32422;&#23450;&#65292;&#38500;&#19981;&#21487;&#25239;&#21147;&#22240;&#32032;&#22806;&#33509;&#26412;&#21327;&#35758;&#30340;&#20219;&#20309;&#19968;&#26041;&#36829;&#21453;&#26412;&#21327;&#35758;&#30340;&#20041;&#21153;&#12289;&#25215;&#35834;&#21450;&#20854;&#20182;&#30456;&#20851;&#32422;&#23450;&#65292;&#21017;&#26500;&#25104;&#36829;&#32422;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">After this agreement becomes
effective, any breach of any obligations, warranties or any other provisions under this agreement by any party due to reasons other
than force majeure constitute a breach.<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">11.2</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#19968;&#26086;&#21457;&#29983;&#36829;&#32422;&#34892;&#20026;&#65288;&#21253;&#25324;&#36829;&#21453;&#20445;&#35777;&#21644;&#25215;&#35834;&#65289;&#65292;&#36829;&#32422;&#26041;&#24212;&#24403;&#21521;&#23432;&#32422;&#26041;&#25903;&#20184;&#36829;&#32422;&#37329;&#65292;&#24182;&#36180;&#20607;&#22240;&#20854;&#36829;&#32422;&#32780;&#32473;&#23432;&#32422;&#26041;&#36896;&#25104;&#30340;&#25439;&#22833;&#12290;&#25903;&#20184;&#36829;&#32422;&#37329;&#24182;&#19981;&#24433;&#21709;&#23432;&#32422;&#26041;&#35201;&#27714;&#36829;&#32422;&#26041;&#32487;&#32493;&#23653;&#34892;&#21512;&#21516;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Once a breach occurs (including
a breach of representations and warranties), the breaching Party shall pay damages to the other non-breaching Parties. Paying damages
shall not affect the non-breaching Parties&#8217; request that the breaching Party to continue to perform under this agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;&#21313;&#20108;&#26465;</FONT></TD><TD STYLE="text-align: justify">&#21512;&#21516;&#30340;&#21464;&#26356;&#12289;&#35299;&#38500;</TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Article 12 Amendment
and Termination</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">12.1</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21327;&#35758;&#30340;&#20219;&#20309;&#20462;&#25913;&#12289;&#21464;&#26356;&#24212;&#32463;&#21512;&#21516;&#21508;&#26041;&#21478;&#34892;&#21327;&#21830;&#65292;&#24182;&#23601;&#20462;&#25913;&#12289;&#21464;&#26356;&#20107;&#39033;&#31614;&#32626;&#20070;&#38754;&#21512;&#21516;&#21518;&#26041;&#21487;&#29983;&#25928;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Any amendment and change to
this agreement shall be based on negations of all Parties and shall become effective only after all Parties have signed the agreements
on such amendment or</P>


<!-- Field: Page; Sequence: 22; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->22<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">change.<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">12.2</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21327;&#35758;&#22312;&#19979;&#21015;&#24773;&#20917;&#19979;&#35299;&#38500;&#65306;&#32463;&#21327;&#35758;&#21508;&#26041;&#24403;&#20107;&#20154;&#21327;&#21830;&#19968;&#33268;&#35299;&#38500;&#65307;&#25110;&#32773;&#65292;&#20219;&#19968;&#26041;&#21457;&#29983;&#36829;&#32422;&#34892;&#20026;&#24182;&#22312;</FONT>30<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22825;&#20869;&#19981;&#20104;&#26356;&#27491;&#30340;&#65292;&#25110;&#21457;&#29983;&#32047;&#35745;&#20004;&#27425;&#25110;&#20197;&#19978;&#36829;&#32422;&#34892;&#20026;&#65292;&#23432;&#32422;&#26041;&#26377;&#26435;&#21333;&#26041;&#35299;&#38500;&#65307;&#25110;&#32773;&#65292;&#26412;&#21327;&#35758;&#22240;&#19981;&#21487;&#25239;&#21147;&#65292;&#36896;&#25104;&#26412;&#21327;&#35758;&#26080;&#27861;&#23653;&#34892;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">This agreement can be terminated
under the following conditions: (1) all Parties consent to the termination of this agreement after negotiation; (2) if any Party
fails to cure its breach within 30 days or if any Party has breached the agreement two or more times, regardless of whether or
not it has cured such breach, then the non-breaching Parties can unilaterally terminate the agreement; or (3) this agreement cannot
be performed due to force majeure.<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">12.3</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26377;&#26435;&#25552;&#20986;&#35299;&#38500;&#21512;&#21516;&#30340;&#19968;&#26041;&#24212;&#24403;&#20197;&#20070;&#38754;&#24418;&#24335;&#36890;&#30693;&#65292;&#36890;&#30693;&#22312;&#21040;&#36798;&#20854;&#20182;&#21508;&#26041;&#26102;&#29983;&#25928;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The Party with the right to
terminate shall notify the other Parties in writing and such notice shall become effective when it is delivered to other Parties.<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">12.4</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21327;&#35758;&#34987;&#35299;&#38500;&#21518;&#65292;&#19981;&#24433;&#21709;&#19968;&#26041;&#24403;&#20107;&#20154;&#35201;&#27714;&#25903;&#20184;&#36829;&#32422;&#37329;&#21644;&#36180;&#20607;&#25439;&#22833;&#30340;&#26435;&#21033;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">After this Agreement is terminated,
the rights of any Parties to obtain liquidated damages and compensation for loss of rights under this agreement shall not be affected.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;&#21313;&#19977;&#26465;</FONT></TD><TD STYLE="text-align: justify">&#20105;&#35758;&#35299;&#20915;<FONT STYLE="font-family: Times New Roman, Times, Serif"> </FONT></TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Article 13 Settlement
of Disputes</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt; text-align: left">13.1</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21327;&#35758;&#30340;&#25928;&#21147;&#12289;&#35299;&#37322;&#21450;&#23653;&#34892;&#22343;&#36866;&#29992;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#27861;&#24459;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">The validity, interpretation,
and performance of this agreement shall be governed by and construed in accordance with the laws of the PRC.<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">13.2</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#21512;&#21516;&#21508;&#26041;&#24403;&#20107;&#20154;&#22240;&#26412;&#21327;&#35758;&#21457;&#29983;&#30340;&#20219;&#20309;&#20105;&#35758;&#65292;&#22343;&#24212;&#39318;&#20808;&#36890;&#36807;&#21451;&#22909;&#21327;&#21830;&#35299;&#20915;&#65292;&#21327;&#21830;&#19981;&#25104;&#65292;&#21508;&#26041;&#22343;&#26377;&#26435;&#36873;&#25321;&#21521;&#20301;&#20110;&#21271;&#20140;&#30340;&#20013;&#22269;&#22269;&#38469;&#32463;&#27982;&#36152;&#26131;&#20210;&#35009;&#22996;&#21592;&#20250;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25552;&#36215;&#20210;&#35009;&#65292;&#20381;&#25454;&#35813;&#20250;&#23626;&#26102;&#26377;&#25928;&#30340;&#20210;&#35009;&#35268;&#21017;&#36827;&#34892;&#20210;&#35009;&#65292;&#20210;&#35009;&#35009;&#20915;&#26159;&#32456;&#23616;&#30340;&#65292;&#23545;&#21508;&#26041;&#22343;&#20855;&#26377;&#27861;&#24459;&#25191;&#34892;&#21147;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">All Parties of this Agreement
shall resolve any dispute arising from this agreement through</P>


<!-- Field: Page; Sequence: 23; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->23<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">friendly negotiation. If negotiation
fails, all Parties have the right to choose arbitration before the China International Economic and Trade Arbitration Commission
in Beijing. Final arbitration awards according to arbitration rules of such commission shall be binding on all Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;&#21313;&#22235;&#26465;</FONT></TD><TD STYLE="text-align: justify">&#38468;&#21017;<FONT STYLE="font-family: Times New Roman, Times, Serif"> </FONT></TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Article 14 Miscellaneous<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt; text-align: left">14.1</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21327;&#35758;&#33258;&#21508;&#26041;&#31614;&#23383;&#12289;&#30422;&#31456;&#21518;&#25104;&#31435;&#24182;&#29983;&#25928;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">This
agreement shall become effective after all Parties sign or place their stamps on the agreement.<BR>
<BR></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">14.2</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21327;&#35758;&#26410;&#23613;&#20107;&#23452;&#65292;&#21508;&#26041;&#21487;&#21478;&#34892;&#31614;&#32626;&#34917;&#20805;&#21327;&#35758;&#65292;&#35813;&#34917;&#20805;&#21327;&#35758;&#19982;&#26412;&#21327;&#35758;&#26159;&#19968;&#20010;&#19981;&#21487;&#20998;&#21106;&#30340;&#25972;&#20307;&#65292;&#24182;&#19982;&#26412;&#21327;&#35758;&#20855;&#26377;&#21516;&#31561;&#27861;&#24459;&#25928;&#21147;&#12290;&#26412;&#21327;&#35758;&#38468;&#20214;&#26159;&#26412;&#21327;&#35758;&#30340;&#32452;&#25104;&#37096;&#20998;&#65292;&#19982;&#26412;&#21327;&#35758;&#20855;&#26377;&#21516;&#31561;&#30340;&#27861;&#24459;&#25928;&#21147;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">All Parties can sign supplemental
agreements with regard to any matters unaddressed in this agreement. Such supplemental agreements will be considered part of this
agreement and have the same validity as this agreement.<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">14.3</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21327;&#35758;&#29992;&#20013;&#25991;&#20070;&#20889;&#65292;&#19968;&#24335;</FONT>6<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20221;&#65292;&#21508;&#26041;&#21508;&#25345;&#19968;&#20221;&#65292;&#20855;&#26377;&#21516;&#31561;&#27861;&#24459;&#25928;&#21147;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">This agreement is in Chinese
with six originals, one for each Party and with the same validity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#65288;&#20197;&#19979;&#26080;&#27491;&#25991;&#65292;&#20026;&#26412;&#21327;&#35758;&#31614;&#32626;&#39029;&#65289;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Intentionally Left Blank and Signature
Page follows)</P>


<!-- Field: Page; Sequence: 24; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#26412;&#39029;&#20026;&#12298;&#32929;&#20221;&#36141;&#20080;&#21327;&#35758;&#12299;&#31614;&#23383;&#39029;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This page is the signature page of the
Share Purchase Agreement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#30002;&#26041;</B></FONT><B>
Party A<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65306;</FONT>Recon Technology Ltd.<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;&#30740;&#25511;&#31185;&#25216;&#26377;&#38480;&#20844;&#21496;&#65289;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">__<U>/s/ Shenping Yin</U>______________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22995;&#21517;</FONT>/Name<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65306;&#38134;&#29130;&#24179;</FONT>Shenping
Yin</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#32844;&#21153;</FONT>/Title
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65306;</FONT>CEO</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36.15pt; text-align: justify; text-indent: -36.15pt"><B>&#20057;&#26041;&#19968;&#65306;&#26446;&#32032;&#29645;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36.15pt; text-align: justify; text-indent: -36.15pt"><B>Party
B1: Suzhen Li</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">_<U>/s/ Suzhen Li </U>_______________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36.15pt; text-align: justify; text-indent: -36.15pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36.15pt; text-align: justify; text-indent: -36.15pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36.15pt; text-align: justify; text-indent: -36.15pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#20057;&#26041;&#20108;&#65306;&#30707;</B></FONT><B>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#23143;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36.15pt; text-align: justify; text-indent: -36.15pt"><B>Party
B2: Jing Shi</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">__<U>/s/ Jing Shi</U>___________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36.15pt; text-align: justify; text-indent: -36.15pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36.15pt; text-align: justify; text-indent: -36.15pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36.15pt; text-align: justify; text-indent: -36.15pt"><B>&#20057;&#26041;&#19977;&#65306;&#40644;&#23453;&#22372;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36.15pt; text-align: justify; text-indent: -36.15pt"><B>Party
B3: Baokun Huang</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">_<U>/s/ Baokun Huang</U>_______________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#19993;&#26041;</B></FONT><B>/Party
C<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65306;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&#38738;&#28023;&#21326;&#27833;&#20117;&#19979;&#30707;&#27833;&#25216;&#26415;&#26377;&#38480;&#20844;&#21496;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Qinghai Hua You Downhole Technology
Co., Ltd </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">__<U>/s/ Baokun Huang</U>________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22995;&#21517;</FONT>/Name<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65306;&#40644;&#23453;&#22372;</FONT>Baokun
Huang</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#32844;&#21153;</FONT>/Title<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65306;&#27861;&#20154;&#20195;&#34920;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25480;&#26435;&#31614;&#23383;&#20154;</FONT>Legal/
Authorized Representative</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>


<!-- Field: Page; Sequence: 25; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->25<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#19969;&#26041;</B></FONT><B>/Party
D<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65306;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&#30740;&#25511;&#24658;&#36798;&#31185;&#25216;&#65288;&#21271;&#20140;&#65289;&#26377;&#38480;&#20844;&#21496;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Recon Hengda Technology (Beijing) Co.,
Ltd . </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">__<U>/s/ Chen Guangqiang</U>________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22995;&#21517;</FONT>/Name<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65306;&#38472;&#24191;&#24378;</FONT>Guangqiang
Chen</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#32844;&#21153;</FONT>/Title<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65306;&#27861;&#20154;&#20195;&#34920;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25480;&#26435;&#31614;&#23383;&#20154;</FONT>Legal/Authorized
representative</P>


<!-- Field: Page; Sequence: 26; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->26<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#38468;&#20214;&#19968;&#65306;&#25511;&#21046;&#21327;&#35758;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0; text-align: center"><B>Attachment A: Control Agreement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 27; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->27<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0; text-align: center">&nbsp;</P>



<P STYLE="margin: 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>v426412_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Exhibit 10.2</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">EXCLUSIVE EQUITY INTEREST PURCHASE
AGREEMENT</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><B>THIS
EXCLUSIVE EQUITY INTEREST PURCHASE AGREEMENT</B>&#65288;the &ldquo;<B>Agreement</B>&rdquo;&#65289; is entered into by and between
the following parties on December 1, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Party
A: Recon HengdaTechnology (Beijing) Co.,Ltd.</B>, a limited liability company (wholly invested by Taiwan, Hong Kong or Macau investors)
duly established and valid existing under the PRC laws. Registered Address:</FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif">Room
5771, Floor 5, Shenchang Building, Courtyard 51, Zhichun Road, Haidian District, Beijing, China.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Party B: HUANG Baokun, SHI Jing, LI
Suzhen. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>HUANG Baokun</B> ID Num.:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>SHI
Jing </B> ID Num.:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>LI
Suzhen</B> ID Num.:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Party C: Qinghai Hua You Downhole Technology
Co., Ltd.</B>, a limited liability company duly established and valid existing under the PRC laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Registered Address: Courtyard 0467, Huancheng
Road, Huatugou town, Mangya District, Qinghai, China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify"><B>WHEREAS,</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">1.</TD><TD STYLE="text-align: justify">Party B collectively holds 100% equity interest in Party
C;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">2.</TD><TD STYLE="text-align: justify">Party A and Party C have entered into a series of Agreements
including the Exclusive Consulting and Service Agreement.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>NOW THEREFORE, </B>through mutual negotiations,
the Parties hereto agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>1.</B></TD><TD STYLE="text-align: justify"><B>Transfer of Equity Interest</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.3pt">1.1</TD><TD STYLE="text-align: justify">Granting Right</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify">Under PRC law, Party B hereby
irrevocably grants Party A the exclusive right to purchase, or designate one or more persons (the &ldquo;<B>Specified Person</B>&rdquo;)
to purchase, a portion or whole of the Equity Interest of Party C held by Party B at the price set forth in Article 1.3 hereof
in accordance with the procedure promulgated by Party A at any time in Party A&rsquo;s discretion.(the &ldquo;<B>Purchase Right</B>&rdquo;).
Except for Party A and the Specified Person, Party C shall not sell the Equity Interest to any third party. Party C hereby agrees
that Party B may grant the Purchase Right to Party A. For the purpose of this Agreement, the &ldquo;person&rdquo; stipulated herein
refers to individual, corporation, joint venture, partnership, enterprise, trust or non-corporation organization.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify"></P>

<!-- Field: Page; Sequence: 1; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.3pt">1.2</TD><TD STYLE="text-align: justify">Procedure</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify">The exercise of the Purchase
Right by Party A shall be subject to the laws and regulations of the PRC. When Party A intends to exercise the Purchase Right,
it shall issue a written notice (the &ldquo;<B>Purchase Notice</B>&rdquo;) to Party B which shall contain the following items:
(a) Party A intends to exercise the Purchase Right; (b) the percentage of the Equity Interest to be purchased therewith (the &ldquo;<B>Purchased
Equity Interest</B>&rdquo;); and (c) the effective date or transfer date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.3pt">1.3</TD><TD STYLE="text-align: justify">Transfer Fee</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify">The Transfer Fee (&ldquo;<B>Transfer
Fee</B>&rdquo;) shall be confirmed by and between Party A and Party B through negotiation according to the appraisal of the Equity
Interest approved by the competent authority, and it shall be the lowest price allowable by the PRC laws and regulations. Party
B hereby unconditionally and irrevocably agrees that, in the event that Party A exercises its Purchase Right, Party B shall unconditionally
refund to Party A the Transfer Fee in full.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.3pt">1.4</TD><TD STYLE="text-align: justify">Transfer of the Equity Interest</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify">Each time when Party A exercises
the Purchase Right:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 35.45pt">1.4.1</TD><TD STYLE="text-align: justify">Party B shall procure that Party C timely convene a shareholders&rsquo; meeting and shall pass
the shareholders&rsquo; resolutions that Party B could transfer to Party A or the Specified Person the Equity Interest.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 35.45pt">1.4.2</TD><TD STYLE="text-align: justify">Party B shall enter into Equity Transfer Agreement with Party A (or the Specified Person, if applicable)
in accordance with this Agreement and Purchase Notice.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.4.3</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Related parties shall execute all other
necessary agreements or documents, and obtain all necessary government approvals and consents, and take all necessary actions to
lawfully transfer the title to the Equity Interests to Party A or the Specified Person and procure Party A or the Specified Person
to be registered as the holder of the Equity Interest. The Equity Interest should be free from any Security Interest. For the purpose
of this Agreement, Security Interest shall include guarantee, mortgage, any third party&rsquo;s right or interest, any purchase
right, pre-emption right, offset right and any other security arrangements. Notwithstanding the foregoing, the Security Interest
shall not include any security interest accrued in accordance with this Agreement and the Equity Interest Pledge Agreement which
is entered into by and between Party B and Party A on </FONT>December 1, 2015<FONT STYLE="font-family: Times New Roman, Times, Serif">
(&ldquo;<B>Equity Interest Pledge Agreement</B>&rdquo;). According to the Equity Interest Pledge Agreement, Party B shall pledge
all the equity possessed by Party B in Party C to Party A as a guarantee to the performance of the Exclusive Technical Consulting
and Service Agreement which is entered into by and between Party C and Party A on December 1, 2015 (&ldquo;<B>Exclusive Technical
Consulting and Service Agreement</B>&rdquo;). </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 2; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.3pt">1.5</TD><TD STYLE="text-align: justify">Payments for the Equity Interest</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 92.15pt; text-align: justify; text-indent: -35.45pt">1.5.1
Party A shall pay the Transfer Fee to Party B in accordance with Article 1.3 hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.</B></TD><TD STYLE="text-align: justify"><B>Warranties Relating to the Equity Interest</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-variant: normal">2.1</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">Party C hereby guarantees that:</FONT></TD></TR></TABLE>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><FONT STYLE="font-variant: normal">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 42.55pt">2.1.1</TD><TD STYLE="text-align: justify">Absent prior written consent of Party A or the Specified Person, Party C will not supplement, amend,
or modify any provision of the Articles of Association of the company, and shall not increase or decrease its registered capital,
or alter the equity structure in other methods.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 99.25pt; text-align: justify; text-indent: -42.55pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 42.55pt">2.1.2</TD><TD STYLE="text-align: justify">Party C shall be legally existing, and prudently and efficiently operates its business and deals
with corporate affairs in accordance with commercial standards and practice.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 99.25pt; text-align: justify; text-indent: -42.55pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 42.55pt">2.1.3</TD><TD STYLE="text-align: justify">Absent prior written consent of Party A or the specific person, Party C shall not sell, transfer,
mortgage or dispose of any asset, business or beneficial right of Party C, or allow creation of any other Security Interest.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 99.25pt; text-align: justify; text-indent: -42.55pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 42.55pt">2.1.4</TD><TD STYLE="text-align: justify">Absent prior written consent of Party A or the specific person, Party C shall not incur, inherit,
guarantee or bear any debt except for (i) the debt is incurred during the routine business instead of loan; and (ii) the debt has
been disclosed to Party A and has obtained Party A&rsquo;s written consent.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 99.25pt; text-align: justify; text-indent: -42.55pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 42.55pt">2.1.5</TD><TD STYLE="text-align: justify">Party C shall operate its routine business to keep the value of its assets, and shall not result
in any material influence on its business operation and the value of its asset by acts or omissions.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 42.55pt">2.1.6</TD><TD STYLE="text-align: justify">Absent prior written consent of Party A or the specific person, Party C shall not enter into any
material agreement except for the purpose of routine business operation. (For the purpose of this provision, an agreement covering
an amount in excess of RMB100,000 shall be deemed as a material agreement).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 99.25pt; text-align: justify; text-indent: -42.55pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 42.55pt">2.1.7</TD><TD STYLE="text-align: justify">Absent prior written consent of Party A or the specific person, Party C shall not provide any loan
or credit to any third party.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 3; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 42.55pt">2.1.8</TD><TD STYLE="text-align: justify">Party C shall provide all materials relating to its operation and financial status to Party A upon
Party A&rsquo;s request.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 99.25pt; text-align: justify; text-indent: -42.55pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 42.55pt">2.1.9</TD><TD STYLE="text-align: justify">Party C shall effect and maintain insurance from the insurance company acceptable to Party A. The
amount and types of such insurance shall be the same with the alike companies which operate the similar business and possess the
similar assets with Party C in the same distraction.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 99.25pt; text-align: justify; text-indent: -42.55pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 42.55pt">2.1.10</TD><TD STYLE="text-align: justify">Absent prior written consent of Party A or the specific person, Party C shall not merge with, combine
with or purchase any entity or make investments to any entity.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 99.25pt; text-align: justify; text-indent: -42.55pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 42.55pt">2.1.11</TD><TD STYLE="text-align: justify">Party C shall promptly inform Party A of any existing or potential litigation, arbitration, or
administrative procedure in relation to Party C&rsquo;s assets, business and revenue.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 42.55pt">2.1.12</TD><TD STYLE="text-align: justify">Party C shall make all necessary efforts to maintain the title to its assets, including but not
limited to execute all necessary or proper documents, commence all necessary or proper claims, or make all necessary or proper
defences to all claims.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 99.25pt; text-align: justify; text-indent: -42.55pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 42.55pt">2.1.13</TD><TD STYLE="text-align: justify">Absent prior written consent of Party A, Party C shall not distribute any dividend to any shareholder.
Nevertheless, Party C shall immediately distribute all payable dividends to the shareholders upon request of Party A or the specified
person.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-variant: normal">2.2</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">Party B hereby guarantees that:</FONT></TD></TR></TABLE>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><FONT STYLE="font-variant: normal">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 42.55pt">2.2.1</TD><TD STYLE="text-align: justify">Absent prior written consent of Party A or the specific person, Party B shall not sell, transfer,
mortgage or dispose of any right or interest relating to the Equity Interest, or allow any creation of other Security Interest
on the Equity Interest. However the Security Interest accrued from this Agreement and the Equity Interest Pledge Agreement shall
be excluded.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 42.55pt">2.2.2</TD><TD STYLE="text-align: justify">Party B shall promptly inform Party A of any existing or potential litigation, arbitration, or
administrative procedure in relation to the Equity Interest.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 42.55pt">2.2.3</TD><TD STYLE="text-align: justify">Party B shall make all necessary efforts to maintain its title to the equity of Party C, including
but not limited to execute all necessary or proper documents, commence all necessary or proper claims, or make all necessary or
proper defences to all claims.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 42.55pt">2.2.4</TD><TD STYLE="text-align: justify">Upon the request of Party A, Party B shall immediately transfer its Equity Interest to Party A
or the Specified Person unconditionally at any time.</TD></TR></TABLE>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 4; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-variant: normal">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 42.55pt">2.2.5</TD><TD STYLE="text-align: justify">Party B shall strictly comply with and duly perform this Agreement and any other agreements entered
into by and between Party B, Party C, and Party A collectively or respectively and shall not affect the validity and enforceability
of such agreements by acts or omissions.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>3.</B></TD><TD STYLE="text-align: justify"><B>Representations and Warranties</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-variant: normal">3.1</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">Party B and Party C hereby collectively and respectively represent
and warrant to Pary A that on and till the execution date of this Agreement and each and every transfer day thereafter:</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 35.45pt"><FONT STYLE="font-variant: normal">3.1.1</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">It has the authority and ability to enter into and duly perform
this Agreement and each and every Equity Transfer Agreement executed thereafter by Party B or Party C collectively or respectively.
Such Agreements shall be legally and effectively binding on the parties thereof and shall be enforceable in accordance with the
provisions thereof. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 35.45pt"><FONT STYLE="font-variant: normal">3.1.2</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">The execution, delivery and performance of this Agreement or
any Equity Transfer Agreement thereafter shall not: (i) violate any PRC laws; (ii) conflict with its Articles of Association or
other organizational documents; (iii) breach any contract or document of which Party B and/or Party C is a party or which binds
Party B and/or Party C; (iv) violate any acquired permit, approval or any valid qualification thereof; or (v) result in the ceasing
or revocation or additional conditions to the acquired permit or approval. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 35.45pt"><FONT STYLE="font-variant: normal">3.1.3</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">Party B retains full and transferable title to its assets and
facilities and absent any security interest other than the security interest accrued in this Agreement and the pledge set by the
Equity Interests Pledge Agreement.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 35.45pt"><FONT STYLE="font-variant: normal">3.1.4</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">Party B or any person designated by Party B shall unconditionally
transfer any funds obtained from Party C in full to Party A (including but not limited to dividends, bonus, other rights, earnings
and so forth distributed by Party C.) </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 35.45pt"><FONT STYLE="font-variant: normal">3.1.5</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">Prior to Party A&rsquo;s lawful exercise of Purchase Right,
Party B shall not request Party C to distribute any dividend, bonus and other right and earning and so forth absent Party A&rsquo;s
permit.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 35.45pt"><FONT STYLE="font-variant: normal">3.1.6</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">Party C has no outstanding debt except for (i) the legal debt,
which is incurred during its routine business operation instead of loan; (ii) the debt has been disclosed to Party A and has obtained
Party A&rsquo;s written permit.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 35.45pt"><FONT STYLE="font-variant: normal">3.1.7</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">Party C shall comply with all applicable laws and regulations
relating to equity transfer. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<!-- Field: Page; Sequence: 5; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 35.45pt"><FONT STYLE="font-variant: normal">3.1.8</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">There is no existing, pending or potential litigation, arbitration,
or administrative procedure in relation to the Equity Interest, assets of Party C and other matters of Party C.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-variant: normal">3.2</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">Party A hereby represents and warrants to Party B and Party
C on the execution date of this Agreement and each transfer day thereafter:</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-variant: normal">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">Party A shall be obligated to provide continual financial support
to Party C in the event that Party C requires to obtain funds support for business operation;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-variant: normal">(ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">In the event that Party C fails to repay the funds provided
by Party A due to Party C&rsquo;s operation losses, Party A hereby agrees to forego the right to seek repayment.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>4.</B></TD><TD STYLE="text-align: justify"><B>Effective Date </B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">This Agreement shall take effect
upon execution by the Parties (&ldquo;Effective Date&rdquo;), the term shall be ten (10) years, and it may be extended by another
ten (10) years if Party A so requires.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>5.</B></TD><TD STYLE="text-align: justify"><B>Governing Law and Dispute Resolution</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt">5.1</TD><TD STYLE="text-align: justify">Governing Law</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify">This Agreement shall be governed
by and construed in accordance with PRC laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt">5.2</TD><TD STYLE="text-align: justify">Dispute Resolution</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify">With regards to any dispute
in relation to the interpretation or implementation of this Agreement, the Parties shall negotiate friendly to settle the dispute.
If it can not be settled within thirty (30) days from the date any party issuing written notice requesting settlement of dispute
through negotiation, each party has the right to submit it to China International Economic and Trade Arbitration Committee for
arbitration according to the valid arbitration rules. The arbitration shall be held in Beijing. The arbitration award shall be
final and binding on each party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>6.</B></TD><TD STYLE="text-align: justify"><B>Tax and Expenditures</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Each party shall bear its own
tax, costs and expenditures relating to preparing for and executing this Agreement and Equity Transfer Contract and relating to
completing the contemplated deal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>7.</B></TD><TD STYLE="text-align: justify"><B>Notice</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Any notice or other communication
under this Agreement shall be in Chinese and be sent to the address listed below or other address as may be designated from time
to time by personal delivery or mail or facsimile. Any notice required or given hereunder shall be deemed to have been served:
(a) the same date if sent by personal delivery; (b) the tenth date from delivery (subject to the stamp) of a prepaid air-mail,
or the fourth date from delivering to a professional delivery company acknowledged worldwide if sent by mail; and (c) the receipt
date recorded on the transmission confirmation notice if sent by facsimile.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"></P>

<!-- Field: Page; Sequence: 6; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B>Party A: Recon Hengda Technology
(Beijing) Co., Ltd.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Address: Room5771, Floor 5,
Shenchang Building, Courtyard 51, Zhichun Road, Haidian District, Beijing, China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 26pt; text-align: justify"><B>Party B: HUANG Baokun, SHI
Jing, LI Suzhen.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Address: Courtyard 0467, Huancheng
Road, Huatugou Town, Mangya District, Qinghai, China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B>Party C: Qinghai Huayou
Underground Petroleum Technology Co., Ltd.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Address: Courtyard 0467, Huancheng
Road, Huatugou Town, Mangya District, Qinghai, China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>8.</B></TD><TD STYLE="text-align: justify"><B>Confidentiality</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt">8.1</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The Parties acknowledge and confirm that any oral or written information
relating to this Agreement communicated among the Parties shall be deemed as confidential information (&ldquo;Confidential Information&rdquo;).
The Parties shall keep confidential of such Confidential Information and shall not disclose to any third party unless having obtained
prior written consent from the other parties. Nevertheless, Confidential Information shall not include information which (a) was
at the date hereof or subsequently becomes public information (otherwise than disclosed by any party received such Confidential
Information); (b) is disclosed in accordance with applicable laws or regulations; or (c) the party who discloses any Confidential
Information to its attorneys or financial advisors who need to access such information shall ensure that such attorneys or financial
advisors comply with this provision and keep confidential such information. The disclosure by the employee or agent of Each Party
shall be deemed as disclosed by the party itself, and the party shall be liable of the breach. The Parties agree that the provisions
of this Article shall survive notwithstanding the termination of this Agreement</FONT>.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>9.</B></TD><TD STYLE="text-align: justify"><B>Further Assurance </B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt">9.1</TD><TD STYLE="text-align: justify">The Parties agree that they will, without any hesitation, execute any necessary documents for the
performance of this Agreement or any documents which are benefit for the purpose of this Agreement, and will take all necessary
actions for the purpose of this Agreement or take actions which are benefit for the purpose of this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"></P>

<!-- Field: Page; Sequence: 7; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>10.</B></TD><TD STYLE="text-align: justify"><B>Miscellaneous</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 35.45pt"><FONT STYLE="font-variant: normal">10.1</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">Amendment and supplementation</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify"><FONT STYLE="font-variant: normal">Any
revision, amendment and supplementation of this Agreement shall be in writing and be executed by Each Party. </FONT></P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 35.45pt"><FONT STYLE="font-variant: normal">10.2</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">Compliance with laws and regulations</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify"><FONT STYLE="font-variant: normal">The
Parties shall comply with all applicable PRC laws and regulations which have been formally issued and may be publicly acquired.
</FONT></P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 35.45pt"><FONT STYLE="font-variant: normal">10.3</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">Entire agreement</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify"><FONT STYLE="font-variant: normal">Unless
it is otherwise revised, amended or supplemented after execution of this Agreement, this Agreement constitutes the entire agreement
among the parties as to the subject matter, and supersedes any prior oral or written negotiations, statements or agreement among
the parties relating thereto.</FONT></P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 35.45pt"><FONT STYLE="font-variant: normal">10.4</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">Headings</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify"><FONT STYLE="font-variant: normal">Headings
in this Agreement are only set out for reading convenience, and shall not be used to interpret, explain or otherwise influence
the meaning of the provisions of this Agreement. </FONT></P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 35.45pt"><FONT STYLE="font-variant: normal">10.5</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">Language</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify"><FONT STYLE="font-variant: normal">This
Agreement is made in Chinese and English in three originals. The Chinese version will prevail in the event of any inconsistency
between the English and any Chinese translations thereof.</FONT></P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 35.45pt"><FONT STYLE="font-variant: normal">10.6</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">Severability</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify"><FONT STYLE="font-variant: normal">If
any of the terms of this Agreement is declared invalid, illegal or unenforceable in accordance with any applicable laws or regulations,
the validity and enforceability of the other terms hereof shall nevertheless remain unaffected, and the Parties hereto agree to,
through friendly negotiation, make valid terms to such invalid, illegal or unenforceable terms, and the economic results from such
valid terms shall be close to, as much as may be possible, the superseded invalid, illegal or enforceable terms. </FONT></P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 35.45pt"><FONT STYLE="font-variant: normal">10.7</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">Successor</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify"><FONT STYLE="font-variant: normal">This
Agreement shall bind the successor of each party or the transferee permitted by the other parties and shall be interpreted for
its benefit. </FONT></P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify"></P>

<!-- Field: Page; Sequence: 8; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 35.45pt"><FONT STYLE="font-variant: normal">10.8</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">Continue to be effective</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63.8pt"></TD><TD STYLE="width: 42.55pt"><FONT STYLE="font-variant: normal">10.8.1</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">Any duties occurred in relation to the Agreement before expiration
or early termination of the Agreement shall continue to be effective after expiration or early termination of the Agreement. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63.8pt"></TD><TD STYLE="width: 42.55pt"><FONT STYLE="font-variant: normal">10.8.2</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">Articles 5, 7, 8 and 10.8 hereof shall survive notwithstanding
the termination of this Agreement.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 35.45pt"><FONT STYLE="font-variant: normal">10.9</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">Waiver</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify"><FONT STYLE="font-variant: normal">Each
party may waive the terms and conditions under this Agreement in writing. Such waiver should be duly signed by the other parties.
Any waive relating to the breach of the other party in certain circumstance shall not be deemed as that the waiver party has made
waiver to the other party for the same breach in other circumstances. </FONT></P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify">[<FONT STYLE="font-size: 10pt; font-variant: normal">THE
REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK</FONT>]</P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify"></P>

<!-- Field: Page; Sequence: 9; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.8pt; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This page is the signing page of this Exclusive
Equity Interest Purchase Agreement. <B>IN WITNESS WHEREOF</B>, the Parties have its authorized representative executed this Agreement
on the date first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Party A: Recon Hengda Technology (Beijing)
Co., Ltd.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">Legal Representative: <U>/s/
Chen Guangqiang</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify"><B>Party B: </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify"><B>HUANG Baokun</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">Signature:<U> /s/ Huang Baokun</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify"><B>SHI Jing</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">Signature:<U> /s/ Shi Jing</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify"><B>LI Suzhen</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">Signature:<U> /s/ Li Suzhen</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Party C: Qinghai Hua You Downhole Technology
Co., Ltd.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">Legal Representative:<U> /s/
Haung Baokun</U></P>



<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 10; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>v426412_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.3</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>EQUITY INTEREST
PLEDGE AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>THIS
</B></FONT><B><FONT STYLE="font-size: 12pt">EQUITY INTEREST PLEDGE</FONT><FONT STYLE="font-size: 10pt"> AGREEMENT </FONT></B><FONT STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>&ldquo;<B>Agreement</B>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;
</FONT>is entered into by and between the following parties on December 1, 2015. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Pledgee: Recon Hengda Technology (Beijing)
Co., Ltd. (&ldquo;Party A&rdquo;)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">Registered Address: Room5771,
Floor 5, Shenchang Building, Courtyard 51, Zhichun Road, Haidian District, Beijing, China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Pledgor: HUANG Baokun, SHI Jing, LI
Suzhen. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>HUANG Baokun</B> ID Num.:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>SHI Jing </B>ID Num.:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>LI Suzhen</B> ID Num.:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>WHEREAS:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt"><FONT STYLE="font-size: 10pt">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Party A is a wholly foreign-owned enterprise duly established and
valid existing under the PRC laws. Party A is permitted by the competent authority to conduct business in the following categories:</FONT><FONT STYLE="font-size: 12pt; color: #2B2B2B">
</FONT><FONT STYLE="font-size: 10pt">research and development of computer software and network communication software, technology
transfer, technical consulting, technology services, and computer training. Party A and<B> </B>Qinghai Hua You Downhole Technology
Co., Ltd. (&ldquo;<B>QINGHAI HUAYOU</B>&rdquo;), owned by the Pledgor, have entered into an Exclusive Technical Consulting and
Service Agreement on December 1, 2015, (the &ldquo;<B>Service Agreemen</B>t&rdquo;).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt">2.</TD><TD STYLE="text-align: justify">The Pledgor holds 100% equity interest of QINGHAI HUAYOU, which is a limited liability company
duly established and validly existing in Qinghai under the laws of the PRC.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt">3.</TD><TD STYLE="text-align: justify">In order to ensure the technical consulting and service fee that Party A could collect from QINGHAI
HUAYOU, pursuant to the Service Agreement, the Pledgor is willing to pledge all of its equity interest in QINGHAI HUAYOU to the
Pledgee as a security for such technical consulting and service fees.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>NOW, THEREFORE, </B>through mutual negotiations,
the Parties hereto agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"><B>Article</B> </TD><TD STYLE="text-align: justify"><B>1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Definitions</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Unless otherwise stipulated hereof, for
the purpose of this Agreement, the following terms shall have the following meanings:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.1</TD><TD STYLE="text-align: justify">Pledge refers to the full meaning assigned to that term in Article 2 of this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.2</TD><TD STYLE="text-align: justify">Equity Interest refers to the 100% equity interest (the &ldquo;<B>Equity Interest</B>&rdquo;) in
QINGHAI HUAYOU, lawfully held by the Pledgor.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.3</TD><TD STYLE="text-align: justify">Rate of Pledge refers to the ratio between the value of the pledge under this Agreement and the
technical consulting fees under the Service Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 1; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.4</TD><TD STYLE="text-align: justify">Term of Pledge refers to the period provided for under Article 3.2 hereunder.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.5</TD><TD STYLE="text-align: justify">Service Agreement refers to the Exclusive Technical Consulting and Service Agreement entered into
by and between QINGHAI HUAYOU and Party A on December 1, 2015.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.6</TD><TD STYLE="text-align: justify">Default refers to any event enumerated in Article 7 hereto.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.7</TD><TD STYLE="text-align: justify">Notice of Default refers to the notice of default issued by the Pledgee in accordance with this
Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"><B>Article</B></TD><TD STYLE="text-align: justify"><B>2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp; </FONT> Pledge</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.1</TD><TD STYLE="text-align: justify">Party B agrees to pledge all of its Equity Interest in QINGHAI HUAYOU to the Pledgee as a guarantee
for the technical consulting service fee payable to the Pledgee under the Service Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.2</TD><TD STYLE="text-align: justify">Pledge right under this Agreement refers to the right owned by the Pledgee who shall be entitled
to have priority in receiving payment or proceeds from the auction or sale of the equity interest pledged by the Pledgor to the
Pledgee.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"><B>Article </B></TD><TD STYLE="text-align: justify"><B>3<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Rate
of Pledge and Term of Pledge</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 36.75pt">3.1</TD><TD STYLE="text-align: justify">The Rate of Pledge:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Rate of Pledge
shall be 100% under this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 36.75pt">3.2</TD><TD STYLE="text-align: justify">The Term of Pledge</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 78.75pt; text-align: justify; text-indent: -42pt">3.2.1 The
Pledge of the Equity Interest under this Agreement shall take effect as of the date that the Pledge of the Equity Interest is recorded
in the register of shareholders of QINGHAI HUAYOU.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 78.75pt; text-align: justify; text-indent: -42pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 78.75pt; text-align: justify; text-indent: -42pt">3.2.2 During
the Term of Pledge, the Pledgee shall be entitled to foreclose the Pledge in accordance with this Agreement in the event that QINGHAI
HUAYOU fails to pay exclusive technical consulting and service fees in accordance with the Service Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"><B>Article</B></TD><TD STYLE="text-align: justify"><B>4<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Possession
of Pledge Documents</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 38.25pt">4.1</TD><TD STYLE="text-align: justify">During the Term of Pledge, the Pledgee shall be entitled to possess the contribution certificate
of the Equity Interest (the &ldquo;<B>Contribution Certificate</B>&rdquo;) and the register of shareholders of QINGHAI HUAYOU.
The Pledgor shall deliver the Contribution Certificate and the register of shareholders hereunder to the Pledgee within one week
of the execution of this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 38.25pt">4.2</TD><TD STYLE="text-align: justify">The Pledgee shall be entitled to collect dividends of the Equity Interest.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 2; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"><B>Article</B></TD><TD STYLE="text-align: justify"><B>5<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp; </FONT> Representations
and Warranties of Party B</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 36.75pt">5.1</TD><TD STYLE="text-align: justify">Party B is the lawful holder of the Equity Interest.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 36.75pt">5.2</TD><TD STYLE="text-align: justify">The Pledgee shall not be interfered with by any third party at any time when the Pledgee exercising
its rights in accordance with this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 36.75pt">5.3</TD><TD STYLE="text-align: justify">The Pledgee shall be entitled to exercise or assign the Pledge in accordance with this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 36.75pt">5.4</TD><TD STYLE="text-align: justify">The Pledgor shall not pledge or encumber the Equity Interest to any third party except for the
Pledgee.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"><B>Article</B></TD><TD STYLE="text-align: justify"><B>6<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Covenants
of the Pledgor</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 36.75pt">6.1</TD><TD STYLE="text-align: justify">During the term of this Agreement, the Pledgor covenants to the Pledgee that the Pledgor shall:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 45pt">6.1.1</TD><TD STYLE="text-align: justify">Except for the transfer of the Equity Interest to the Pledgee or the specified person designated
by the Pledgee (&ldquo;<B>Specified Person</B>&rdquo;) as subject to the Exclusive Equity Interest Purchase Agreement entered into
by and among the Party A, Party B and QINGHAI HUAYOU on December 1, 2015, not transfer or assign the Equity Interest, create or
permit to be created any pledges which may have an adverse effect on the rights or benefits of the Pledgee without prior written
consent from the Pledgee.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 45pt">6.1.2</TD><TD STYLE="text-align: justify">Comply with and implement laws and regulations with respect to the pledge of equity interest, Comply
with the notices, orders or suggestions with respect to the Pledge issued or made by the competent authority after receiving the
same, or raise objection to such notices, orders or suggestions at the reasonable request or with the consent of the Pledgee.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 45pt">6.1.3</TD><TD STYLE="text-align: justify">Timely notify the Pledgee of any event or any notice which may affect the Pledgor&rsquo;s Equity
Interest or any part of its right, and any event or notice which may alter or affect any of the Pledgor&rsquo;s covenants and obligations
hereunder.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 36.75pt">6.2</TD><TD STYLE="text-align: justify">The Pledgor agrees that the Pledgee&rsquo;s right to exercise the Pledge obtained from this Agreement
shall not be suspended or hampered through legal procedure by the Pledgor, any successors of the Pledgor, any person authorized
by the Pledgor or any other third party.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 36.75pt">6.3</TD><TD STYLE="text-align: justify">The Pledgor warrants to the Pledgee that in order to protect or perfect the security on the payments
of the technical consulting and service fees under the Service Agreement, the Pledgor shall execute in good faith and procure other
parties who have interests in the Pledge to execute all title certificates, contracts upon the request of the pledgee, and/or perform
and procure other parties who have interests to take action as required by the Pledgee and provide access to exercise the rights
and authorization vested in the Pledgee under this Agreement, and execute all the documents with respect to the alternations of
certificate of the Equity Interest with the Pledgee or the person (individual or legal entity) designated by the Pledgee, and provide
all notices, orders and decisions deemed necessary by the Pledgee to the Pledgee within a reasonable time.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 3; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 36.75pt">6.4</TD><TD STYLE="text-align: justify">The Pledgor warrants to the Pledgee that the Pledgor will comply with and perform all the guarantees,
covenants, agreements, representations and conditions for the benefits of the Pledgee, fail so performing, the Pledgor shall compensate
all the losses therefore suffered by the Pledgee.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"><B>Article</B></TD><TD STYLE="text-align: justify"><B>7<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Default</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 36.75pt">7.1</TD><TD STYLE="text-align: justify">The events enumerated below shall be deemed as default:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 38.45pt">7.1.1</TD><TD STYLE="text-align: justify">QINGHAI HUAYOU fails to make full payments of the exclusive technical consulting and service fees
as scheduled under the Service Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 81pt; text-align: justify; text-indent: -38.45pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 38.45pt">7.1.2</TD><TD STYLE="text-align: justify">The Pledgor makes any material misleading or fraudulent representations or warranties under Article
5 herein, and/or the Pledgor is in violation of any warranties under Article 5 herein.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 38.45pt">7.1.3</TD><TD STYLE="text-align: justify">The Pledgor violates any covenant under Article 6 herein.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 38.45pt">7.1.4</TD><TD STYLE="text-align: justify">The Pledgor violates any term or condition herein.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 38.45pt">7.1.5</TD><TD STYLE="text-align: justify">The Pledgor waives the pledged Equity Interest or transfers or assigns the pledged Equity Interest
without prior written consent of the Pledgee, except as provided in Article 6.1.1 in this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 38.45pt">7.1.6</TD><TD STYLE="text-align: justify">Any external loan, security, compensation, covenant or other compensation liabilities of the Pledgor&rsquo;s
(1) is required to be repaid or performed prior to the due date due to default; or (2) is due but cannot be repaid or performed
as scheduled and thereby cause the Pledgee to deem that the Pledgor&rsquo;s capacity to perform the obligations herein is affected.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 38.45pt">7.1.7</TD><TD STYLE="text-align: justify">The Pledgor is incapable of repaying its general debt or other debt.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 38.45pt">7.1.8</TD><TD STYLE="text-align: justify">This Agreement becomes illegal or the Pledgor is incapable to continue to perform obligations herein
for the reason of the promulgation of the related laws.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 38.45pt">7.1.9</TD><TD STYLE="text-align: justify">Any approval, permit or authorization of the competent authority in associated with the enforcement
and validity of this Agreement is withdrawn, suspended, invalidated or materially revised.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 38.45pt">7.1.10</TD><TD STYLE="text-align: justify">The property of the Pledgor adversely changes and causes the Pledgee to deem that the capability
of the Pledgor to perform the obligations herein is affected.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 38.45pt">7.1.11</TD><TD STYLE="text-align: justify">The successors or assignees of QINGHAI HUAYOU are only entitled to perform a portion of or refuse
to perform the liability to pay under the Service Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 4; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 38.45pt">7.1.12</TD><TD STYLE="text-align: justify">Other circumstances whereby the Pledgee is incapable of exercising the right to foreclose on the
Pledge in accordance with the related laws.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 36.75pt">7.2</TD><TD STYLE="text-align: justify">Party B should immediately notify Party A in writing of the occurrence of any event under Article
7.1 herein or any events that may result in the foregoing events upon his knowledge.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 36.75pt">7.3</TD><TD STYLE="text-align: justify">Unless the Default under Article 7.1 herein has been remedied to the Pledgee&rsquo;s satisfaction,
the Pledgee, at any time when the Event of Default occurs or thereafter, may issue a written notice of default to the Pledgor and
require the Pledgor immediately make full payments of the outstanding service fees under the Service Agreement and other payables
or foreclose on the Pledge in accordance with Article 8 herein.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"><B>Article</B></TD><TD STYLE="text-align: justify"><B>8<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Rights
of the Pledgee</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">8.1</TD><TD STYLE="text-align: justify">The Pledgor shall not transfer or assign the Equity Interest without prior written approval from
the Pledgee prior to the full repayment of the consulting and service fees under the Service Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">8.2</TD><TD STYLE="text-align: justify">The Pledgee shall serve the Notice of Default on the Pledgor when it exercises the right of pledge.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">8.3</TD><TD STYLE="text-align: justify">The Pledgee may exercise the right to foreclose on the Pledge at any time when the Pledgee serves
the Notice of Default pursuant to Article 7.3</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">8.4</TD><TD STYLE="text-align: justify">The Pledgee is entitled to have priority in receiving payments or proceeds from the auction or
sale of whole or part of the Equity Interest pledged herein in accordance with applicable law until the outstanding technical consulting
and service fees and all other payables under the Service Agreement are repaid.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">8.5</TD><TD STYLE="text-align: justify">The Pledgor shall not hinder the Pledgee from foreclosing on the Pledge in accordance with this
Agreement and shall provide necessary assistance for the foreclosure of Pledge.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"><B>Article</B></TD><TD STYLE="text-align: justify"><B>9<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp; </FONT> Transfer
or Assignment</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">9.1</TD><TD STYLE="text-align: justify">The Pledgor shall not confer or transfer any right or obligation herein to any third party without
the prior written consent of the Pledgee.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">9.2</TD><TD STYLE="text-align: justify">This Agreement shall be binding and enforceable on Pledgee and each of his successors and assignees.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">9.3</TD><TD STYLE="text-align: justify">The Pledgee may transfer or assign all or any of his rights and obligations under the Service Agreement
to any person (individual or legal entity) designated by him at any time. In this case, the assignee shall enjoy and undertake
all rights and obligations herein of the Pledgee as if the assignee is a party hereto. Where the Pledgee transfers or assigns the
rights and obligations under the Service Agreement, the Pledgor shall execute the relevant agreements and/or documents with respect
to such transfer or assignment at the request of the Pledgee.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 5; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">9.4</TD><TD STYLE="text-align: justify">Where the Pledgee transfers or assigns the pledge to a third party, the new parties to the pledge
shall re-execute a pledge contract.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"><B>Article</B></TD><TD STYLE="text-align: justify"><B>10<FONT STYLE="font-family: Times New Roman, Times, Serif"> </FONT>&nbsp;&nbsp;&nbsp; Termination</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 41.25pt">10.1</TD><TD STYLE="text-align: justify">This Agreement shall not be terminated until the consulting and service fees under the Service
Agreement are paid in full and QINGHAI HUAYOU no longer undertakes any obligation under the Service Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"><B>Article</B></TD><TD STYLE="text-align: justify"><B>11&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Formalities Fees and Other
Expenses</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 41.25pt">11.1</TD><TD STYLE="text-align: justify">The Pledgor shall be responsible for all the fees and actual expenditures in relation to this Agreement,
including but not limited to legal fees, cost of production, stamp tax and any other taxes and charges. If the Pledgee pays the
relevant taxes and fees in accordance with laws, the Pledgor shall fully indemnity such taxes and fees paid by the Pledgee.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 41.25pt">11.2</TD><TD STYLE="text-align: justify">The Pledgor shall be responsible for all the fees (including but not limited to any taxes, formalities
fees, management fees, litigation fees, attorney&rsquo;s fees, and various insurance premiums in connection with disposition of
the Pledge) incurred by the Pledgor for the reason that the Pledgor fails to pay any payable taxes, fees or charges in accordance
with this Agreement, or the Pledgee has recourse to any forgoing taxes, charges or fees by any means for other reasons.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"><B>Article</B></TD><TD STYLE="text-align: justify"><B>12&nbsp;&nbsp;&nbsp;&nbsp; Force Majeure</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 41.1pt">12.1</TD><TD STYLE="text-align: justify">If the fulfilment of this Agreement is delayed or prevented due to the Force Majeure Events, the
party affected by such a Force Majeure Event shall free from any obligation to the extent of delay or holdback. Force Majeure refers
to any event beyond control of the affected party and unavoidable with reasonable caution, which shall include but not limited
to, government acts, nature disasters, fire, explosion, typhoon, flood, earthquake, tidal wave, lightning or war. However, any
lack of credit, assets or financing shall not be deemed as an event beyond control of a Party. The party claiming the Force Majeure
and seeking a waiver of its obligations hereunder shall promptly inform the other party of the Force Majeure and the procedure
to fulfil its obligations hereunder.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 41.1pt">12.2</TD><TD STYLE="text-align: justify">If performance of this Agreement is delayed or prevented due to Force Majeure set forth in the
preceding paragraph, the affected party shall not subject to any liability hereunder arising from the performances so delayed or
prevented. The affected party shall make reasonalbe effort to reduce or diminish the effect from such Event, and shall make reasonable
efforts to resume its performance. Both parties shall resume the performance with best effort upon elimination of such Event.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 6; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"><B>Article</B></TD><TD STYLE="text-align: justify"><B>13<FONT STYLE="font-family: Times New Roman, Times, Serif"> </FONT>&nbsp;&nbsp;&nbsp;&nbsp; Dispute Settlement</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 41.25pt">13.1</TD><TD STYLE="text-align: justify">This Agreement shall be governed by and construed in all respects in accordance with the laws of
the PRC.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 41.25pt">13.2</TD><TD STYLE="text-align: justify">The Parties shall strive to settle any dispute arising from the interpretation or performance,
or in connection with this Agreement through friendly negotiation. In case no settlement can be reached through negotiation, each
Party can submit such matter to China International Economic and Trade Arbitration Committee for arbitration according to its currently
effective arbitration rules. The arbitration shall be held in Beijing. The arbitration proceedings shall be conducted in Chinese.
The arbitration awards shall be final and binding upon the Parties. The arbitration awards may be submitted to the applicable People&rsquo;s
Court for enforcement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"><B>Article</B></TD><TD STYLE="text-align: justify"><B>14&nbsp;&nbsp;&nbsp;&nbsp; Notices</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 41.25pt">14.1</TD><TD STYLE="text-align: justify">Any notice to which is given by the both Parties hereto regarding the rights and obligations hereunder
shall be in writing. Where such notice is delivered personally, the time of notice is the time when such notice actually reaches
the addressee; where such notice is transmitted by telex or facsimile, the notice time is the time when such notice is transmitted.
If such notice does not reach the addressee on business date or reaches the addressee after the business time, the next business
day following such day is the date of notice. The delivery place is the address first written above of the Parties hereto or the
address advised in writing including, inter alias, facsimile and telex from time to time.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"><B>Article</B></TD><TD STYLE="text-align: justify"><B>15&nbsp;&nbsp;&nbsp;&nbsp; Appendix</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42.75pt">15.1</TD><TD STYLE="text-align: justify">The Appendix of this Agreement as attached hereto is parts of this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"><B>Article</B></TD><TD STYLE="text-align: justify"><B>16&nbsp;&nbsp;&nbsp;&nbsp; Effectiveness</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 40.5pt">16.1</TD><TD STYLE="text-align: justify">This Agreement and any amendments, supplements and modifications of this Agreement shall be in
writing, and come into effect upon being executed by the Parties thereto.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 40.5pt">16.2</TD><TD STYLE="text-align: justify">This Agreement is executed both in Chinese and English with four copies for each language. The
Chinese version shall prevail in the event of any inconsistency between the English and any Chinese versions thereof.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">[THIS SPACE IS INTENTIONALLY LEFT BLANK]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

<!-- Field: Page; Sequence: 7; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This page is the signing page of this Equity
Interest Pledge Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>IN WITNESS WHEREOF</B>, the undersigned
have executed this Agreement as of the date first set forth above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Party A: Recon Hengda Technology (Beijing)
Co., Ltd.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">Legal Representative: <U>/s/
Chen Guangqiang</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify"><B>Party B: </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify"><B>HUANG Baokun</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">Signature:<U> /s/ Huang Boakun</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify"><B>SHI Jing</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">Signature: <U>/s/ Shi Jing</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify"><B>LI Suzhen</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">Signature: <U>/s/ Li Suzhen</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 8; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">APPENDIX</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt">1.</TD><TD STYLE="text-align: justify">The register of the shareholders of QINGHAI HUAYOU</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt">2.</TD><TD STYLE="text-align: justify">The Contribution Certificate of QINGHAI HUAYOU</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt">3.</TD><TD STYLE="text-align: justify">The Exclusive Technical Consulting and Service Agreement.</TD></TR></TABLE>



<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 9; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>v426412_ex10-4.htm
<DESCRIPTION>EXHIBIT 10.4
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.4</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Power of Attorney</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">I, the undersigned,
HUANG Baokun, Chinese nationality, ID Num.: hold 53% equity interest in Qinghai Huayou DownholeTechnology Co., Ltd. (&ldquo;<B>QINGHAI
HUAYOU</B>&rdquo;). As a shareholder of QINGHAI HUAYOU, I hereby irrevocably entrust </FONT>Recon Hengda Technology (Beijing) Co.,
Ltd<FONT STYLE="font-size: 10pt">. (&ldquo;<B>RECON HENGDA</B>&rdquo;) to execute the following rights during the term of this
Power of Attorney:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">I, the undersigned, exclusively authorize
RECON HENGDA as the sole representative with full authority to perform shareholder&rsquo;s rights upon the equity interest I hold,
including but not limited to: (i) the attendance of the shareholder&rsquo;s meeting and the execution of relative Shareholder Resolution(s)
of QINGHAI HUAYOU for and on behalf of me; (ii) the performance of all my rights associated with the ownership of equity conferred
by laws and Articles of Association of QINGHAI HUAYOU including but not limited to voting-rights and the rights of assigning, transferring,
pledging or disposing of such equity interest partially or wholly; and (iii) the designations and appointments of Legal Representative,
Chief Executive Director, Directors, Supervisors, General Manager and/or other Officer(s) of QINGHAI HUAYOU on my behalf.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">RECON HENGDA is entitled to execute the
Transfer Agreement mentioned in the Exclusive Equity Interest Purchase Agreement within its authority and duly perform the Equity
Interest Pledge Agreement and the Exclusive Equity Interest Purchase Agreement that are entered into simultaneously with this Power
of Attorney by me. The execution of the abovementioned rights shall not constitute any limitation on this Power of Attorney.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Save as otherwise provided hereunder, RECON
HENGDA is entitled to exercise all the necessary rights arising from the equity interest upon its own discretions without any oral
or written instructions of me.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All acts associated with my equity interest
in QINGHAI HUAYOU conducted by RECON HENGDA shall be deemed as the acts of me. All documents executed by RECON HENGDA shall be
deemed as executed by me, I shall acknowledge such documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">RECON HENGDA is entitled to assign all
rights under this Power of Attorney. RECON HENGDA is entitled to entrust any other individual(s) or legal entity(s) to execute
the above rights and equity interest without issuing any notice to or obtaining any prior consent from me. Nevertheless, RECON
HENGDA shall report to me immediately after such assignment and the assignment shall not harm any of my rights or vested interests
in any event.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 1; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This Power of Attorney shall be irrevocable
and continuously valid so long as I am a shareholder of QINGHAI HUAYOU and shall come into effect as of the date set forth below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During the term of this Power of Attorney,
in the event that I intend to perform the rights hereunder, I shall negotiate with YANKONG HENGDA in advance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>HUANG Baokun</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Signature: <U>_/s/ Huang Baokun</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Date: December 1, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 2; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>6
<FILENAME>v426412_ex10-5.htm
<DESCRIPTION>EXHIBIT 10.5
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.5</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Power of Attorney</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">I, the undersigned,
SHI Jing, Chinese nationality, ID Num.: hold 40% equity interest in Qinghai Huayou Downhole Technology Co., Ltd. (&ldquo;<B>QINGHAI
HUAYOU</B>&rdquo;). As a shareholder of QINGHAI HUAYOU, I hereby irrevocably entrust </FONT>Recon Hengda Technology (Beijing) Co.,
Ltd<FONT STYLE="font-size: 10pt">. (&ldquo;<B>RECON HENGDA</B>&rdquo;) to execute the following rights during the term of this
Power of Attorney:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">I, the undersigned, exclusively authorize
RECON HENGDA as the sole representative with full authority to perform shareholder&rsquo;s rights upon the equity interest I hold,
including but not limited to: (i) the attendance of the shareholder&rsquo;s meeting and the execution of relative Shareholder Resolution(s)
of QINGHAI HUAYOU for and on behalf of me; (ii) the performance of all my rights associated with the ownership of equity conferred
by laws and Articles of Association of QINGHAI HUAYOU including but not limited to voting-rights and the rights of assigning, transferring,
pledging or disposing of such equity interest partially or wholly; and (iii) the designations and appointments of Legal Representative,
Chief Executive Director, Directors, Supervisors, General Manager and/or other Officer(s) of QINGHAI HUAYOU on my behalf.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">RECON HENGDA is entitled to execute the
Transfer Agreement mentioned in the Exclusive Equity Interest Purchase Agreement within its authority and duly perform the Equity
Interest Pledge Agreement and the Exclusive Equity Interest Purchase Agreement that are entered into simultaneously with this Power
of Attorney by me. The execution of the abovementioned rights shall not constitute any limitation on this Power of Attorney.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Save as otherwise provided hereunder, RECON
HENGDA is entitled to exercise all the necessary rights arising from the equity interest upon its own discretions without any oral
or written instructions of me.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All acts associated with my equity interest
in QINGHAI HUAYOU conducted by RECON HENGDA shall be deemed as the acts of me. All documents executed by RECON HENGDA shall be
deemed as executed by me, I shall acknowledge such documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">RECON HENGDA is entitled to assign all
rights under this Power of Attorney. RECON HENGDA is entitled to entrust any other individual(s) or legal entity(s) to execute
the above rights and equity interest without issuing any notice to or obtaining any prior consent from me. Nevertheless, RECON
HENGDA shall report to me immediately after such assignment and the assignment shall not harm any of my rights or vested interests
in any event.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 1; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This Power of Attorney shall be irrevocable
and continuously valid so long as I am a shareholder of QINGHAI HUAYOU and shall come into effect as of the date set forth below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During the term of this Power of Attorney,
in the event that I intend to perform the rights hereunder, I shall negotiate with RECON HENGDA in advance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>SHI Jing</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Signature: <U>/s/ Shi Jing</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Date: December 1, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 2; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.6
<SEQUENCE>7
<FILENAME>v426412_ex10-6.htm
<DESCRIPTION>EXHIBIT 10.6
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.6</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Power of Attorney</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">I, the undersigned,</FONT>
<FONT STYLE="font-size: 10pt">LI Suzhen, Chinese nationality, ID Num.: hold 7% equity interest in Qinghai Hua You Downhole Technology
Co., Ltd. (&ldquo;<B>QINGHAI HUAYOU</B>&rdquo;). As a shareholder of QINGHAI HUAYOU, I hereby irrevocably entrust </FONT>Recon
Hengda Technology (Beijing) Co., Ltd<FONT STYLE="font-size: 10pt">. (&ldquo;<B>RECON HENGDA</B>&rdquo;) to execute the following
rights during the term of this Power of Attorney:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">I, the undersigned, exclusively authorize
RECON HENGDA as the sole representative with full authority to perform shareholder&rsquo;s rights upon the equity interest I hold,
including but not limited to: (i) the attendance of the shareholder&rsquo;s meeting and the execution of relative Shareholder Resolution(s)
of QINGHAI HUAYOU for and on behalf of me; (ii) the performance of all my rights associated with the ownership of equity conferred
by laws and Articles of Association of QINGHAI HUAYOU including but not limited to voting-rights and the rights of assigning, transferring,
pledging or disposing of such equity interest partially or wholly; and (iii) the designations and appointments of Legal Representative,
Chief Executive Director, Directors, Supervisors, General Manager and/or other Officer(s) of QINGHAI HUAYOU on my behalf.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">RECON HENGDA is entitled to execute the
Transfer Agreement mentioned in the Exclusive Equity Interest Purchase Agreement within its authority and duly perform the Equity
Interest Pledge Agreement and the Exclusive Equity Interest Purchase Agreement that are entered into simultaneously with this Power
of Attorney by me. The execution of the abovementioned rights shall not constitute any limitation on this Power of Attorney.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Save as otherwise provided hereunder, RECON
HENGDA is entitled to exercise all the necessary rights arising from the equity interest upon its own discretions without any oral
or written instructions of me.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All acts associated with my equity interest
in QINGHAI HUAYOU conducted by RECON HENGDA shall be deemed as the acts of me. All documents executed by RECON HENGDA shall be
deemed as executed by me, I shall acknowledge such documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">RECON HENGDA is entitled to assign all
rights under this Power of Attorney. RECON HENGDA is entitled to entrust any other individual(s) or legal entity(s) to execute
the above rights and equity interest without issuing any notice to or obtaining any prior consent from me. Nevertheless, RECON
HENGDA shall report to me immediately after such assignment and the assignment shall not harm any of my rights or vested interests
in any event.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 1; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This Power of Attorney shall be irrevocable
and continuously valid so long as I am a shareholder of QINGHAI HUAYOU and shall come into effect as of the date set forth below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During the term of this Power of Attorney,
in the event that I intend to perform the rights hereunder, I shall negotiate with RECON HENGDA in advance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>LI Suzhen</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Signature: <U>/s/ Li Suzhen</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Date: December 1, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 2; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.7
<SEQUENCE>8
<FILENAME>v426412_ex10-7.htm
<DESCRIPTION>EXHIBIT 10.7
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Exhibit 10.7</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">EXCLUSIVE TECHNICAL CONSULTING AND
SERVICE AGREEMENT</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>THIS EXCLUSIVE TECHINCAL CONSULTING
AND SERVICE AGREEMENT</B> &#65288;the &ldquo;<B>Agreement</B>&rdquo;&#65289;is made and entered into as of December 1, 2015 by
and between the following parties:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Party A: Recon Hengda Technology (Beijing)
Co.,Ltd.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Registered Address: Room5771, Floor 5,
Shenchang Building, Courtyard 51, Zhichun Road, Haidian District, Beijing, China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Party B: Qinghai Hua You Downhole Technology
Co., Ltd.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Registered Address: Courtyard 0467, Huancheng
Road, Huatugou town, Mangya District, Qinghai, China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify"><B>WHEREAS,</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Party
A, a wholly foreign-owned enterprise </FONT>duly established and validly existing<FONT STYLE="font-family: Times New Roman, Times, Serif">
under the laws of the People&rsquo;s Republic of China (the &ldquo;<B>PRC</B>&rdquo;), owns resources to provide relevant technical
consulting and services.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">2.</TD><TD STYLE="text-align: justify">Party B is a limited liability company duly established
and validly existing under the laws of the PRC. Party A agrees to provide to Party B technology consulting and related services,
and Party B agrees to accept such services provided by Party A in accordance with this Agreement.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>NOW THEREFORE, </B>through mutual negotiations,
the Parties hereto agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">1.</TD><TD STYLE="text-align: justify"><B>Technical Consulting and Services, Sole and Exclusive
Interests</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">1.1</TD><TD STYLE="text-align: justify">During the term of this Agreement, Party A agrees
to provide to Party B the technical consulting and services and other significant resources necessary for the operation of Party
B&rsquo;s business in accordance with this Agreement, including but not limited to:</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.05pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Provision of services for </FONT>research
and development of computer software and network communication software, technology transfer, technical consulting, technology
services, and computer training.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.05pt"></TD><TD STYLE="width: 18pt">(2)</TD><TD STYLE="text-align: justify">Provision of intellectual property (such as trademark, patent, know-how and so forth) which is
solely owned by Party A and necessary for the operation and development of Party B&rsquo;s business;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.05pt"></TD><TD STYLE="width: 18pt">(3)</TD><TD STYLE="text-align: justify">Secondment to Party B of senior management personnel and senior technical personnel;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.05pt"></TD><TD STYLE="width: 18pt">(4)</TD><TD STYLE="text-align: justify">Human resource consulting;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.05pt"></TD><TD STYLE="width: 18pt">(5)</TD><TD STYLE="text-align: justify">Legal issue consulting;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.05pt"></TD><TD STYLE="width: 18pt">(6)</TD><TD STYLE="text-align: justify">Finance consulting and support;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.05pt"></TD><TD STYLE="width: 18pt">(7)</TD><TD STYLE="text-align: justify">Investment consulting and management;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.05pt"></TD><TD STYLE="width: 18pt">(8)</TD><TD STYLE="text-align: justify">Other consulting and services required by Party B in associate with the variation of market.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"></P>

<!-- Field: Page; Sequence: 1; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.3pt">1.2</TD><TD STYLE="text-align: justify">Party B hereby agrees to accept such technical consulting and services provided by Party A. Party
B further agrees that, during the term of this Agreement, it shall not accept the technical consultation and service provided by
any third party other than Party A without the prior written consent of Party A.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.3pt">1.3</TD><TD STYLE="text-align: justify">Party A shall be the sole and exclusive owner of all right, title and interests and intellectual
property rights arising from this Agreement (including but not limited to, copyrights, patent, know-how, commercial secrets and
so forth), regardless of whether it is developed by Party A or by Party B based on Party A&rsquo;s intellectual property right.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.</B></TD><TD STYLE="text-align: justify"><B>Payments for the technical consultation and service (&ldquo;Consulting Fees&rdquo;)</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt">2.1</TD><TD STYLE="text-align: justify">Both parties agree that the Consulting Fees shall be paid every quarter in accordance with the
consulting and service actually provided by Party A. Party A has the right, solely at its discretion, to determine the amount of
the Consulting Fees, and both parties agree to, at Party A&rsquo;s discretion, amend or enter into supplementary agreement in respect
of the provisions under this Agreement regarding Consulting Fees. The Consulting Fees could be 100% of Party B&rsquo;s quarterly
profit.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt">2.2</TD><TD STYLE="text-align: justify">Except for the Consulting Fees mentioned in the preceding paragraph, Party B agrees to reimburse
Party A for all necessary expenses in relation to performing this Agreement, including but not limited to, travelling expenses,
service fees, and out-of-pocket expenses, etc.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt">2.3</TD><TD STYLE="text-align: justify">Except for the Consulting Fees, Party B agrees to reimburse Party A the tax, customs and other
expenditures (income tax is not included) paid by Party A in favour of Party B in relation to this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt">2.4</TD><TD STYLE="text-align: justify">Party B shall provide Party A with a report in relation to the Consulting Fees (&ldquo;<B>Consulting
Fees Report</B>&rdquo;) in accordance with this Agreement within three (3) business days after each quarter and Party B shall remit
the amount in RMB to the bank account designated by Party A within two (2) business days after delivering such Consulting Fees
Report.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt">2.5</TD><TD STYLE="text-align: justify">Party B shall maintain a separate bank account for the Consulting Fees under this Agreement. Party
A is entitled to appoint its employees or PRC or international accountants to review or audit the account books in relation to
the consulting service from time to time. The fees payable to the accountant shall be paid by Party A itself. Party B shall provide
to Party A&rsquo;s employees or accountants any convenience and assistance required and all documents, account books, records,
materials and information deemed necessary by such persons. The auditing report issued by Party A&rsquo;s employee shall be final
and conclusive unless Party B issues written objection within seven (7) days after receiving such report. The report issued by
the accountant shall be final and conclusive. Party A is entitled to serve written payment notice on Party B at any time after
receiving the audit report according to the consulting fee confirmed by the audit report. Party B shall pay within seven (7) days
after receiving the notice in accordance with Article 2.4.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"></P>

<!-- Field: Page; Sequence: 2; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt">2.6</TD><TD STYLE="text-align: justify">All payment payable by Party B to Party A shall be after tax, bank handing charge or any other
expenses.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>3.</B></TD><TD STYLE="text-align: justify"><B>Representations and Warranties</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-variant: normal">3.1</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">Party A hereby represents and warrants as follows:</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.5pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-variant: normal">3.1.1</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">It has the authority to enter into and perform this Agreement
in accordance with its Articles of Association and business scope, and has taken all necessary action to get authorization, consent
and approval from third party and/or competent government authorities, and will not conflict with any agreement or laws binding
on it.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.5pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-variant: normal">3.1.2</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">Upon execution, this Agreement shall constitute a legally binding
document on Party A and shall be enforceable in accordance herewith. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-variant: normal">3.2</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">Party B hereby represents and warrants as follows:</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 35.45pt"><FONT STYLE="font-variant: normal">3.2.1</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">Party B is a company duly registered and validly existing under
the laws of the PRC and is authorized to enter into this Agreement. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 35.45pt"><FONT STYLE="font-variant: normal">3.2.2</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">Party B has the authority to execute and perform this Agreement
in accordance with its Articles of Association and its business scope, and has taken all necessary action to obtain all consents
and approval to execute and perform this Agreement, and that this Agreement will not conflict with any agreement or laws binding
on it. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 35.45pt"><FONT STYLE="font-variant: normal">3.2.3</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">Upon execution, this Agreement shall constitute a legally binding
document on Party A and shall be enforceable in accordance herewith. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>4</B></TD><TD STYLE="text-align: justify"><B>Confidentiality </B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt">4.1</TD><TD STYLE="text-align: justify">Party B agrees to make reasonable efforts to protect and maintain the confidentiality of Party
A&rsquo;s confidential data and information acknowledged or received in the exclusive technical consulting and service provided
by Party A (&ldquo;<B>Confidential Information</B>&rdquo;). Party B shall not disclose, grant or transfer to any third party of
such Confidential Information. Upon termination of this Agreement, Party B shall, upon Party A&rsquo;s request, return to Party
A or destroy of any document, material or software contained any of such Confidential Information, and shall completely delete
any of such Confidential Information from any memory device, and shall not use or permit any third party to use such Confidential
Information.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<!-- Field: Page; Sequence: 3; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-variant: small-caps">4.2</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The both Parties agree that the provisions
of this Article shall survive notwithstanding the alteration, revocation or termination of this Agreement</FONT>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>5</B></TD><TD STYLE="text-align: justify"><B>Indemnities</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-variant: normal">5.1</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">Party B shall indemnify Party A against any loss, damage, liability
or expenses suffered by Party A as a result of or arising from any litigation, claim or compensation request in other forms related
to the consulting and service under this Agreement. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>6</B></TD><TD STYLE="text-align: justify"><B>Effectiveness and Term of this Agreement</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-variant: normal">6.1</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">This Agreement shall be executed and come into effect as of
the date first set forth above. The term of this Agreement shall be thirty (30) years unless earlier terminated as set forth in
this Agreement or other written agreements entered into by the parties hereof.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-variant: normal">6.2</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">This Agreement shall be terminated upon written confirmation
from both Parties before termination. Otherwise this agreement shall be extended by another thirty (30) years. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>7</B></TD><TD STYLE="text-align: justify"><B>Termination of the Agreement</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt">7.1</TD><TD STYLE="text-align: justify">The Agreement shall be extended automatically upon the expiration of this Agreement unless it is
terminated in accordance with this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt">7.2</TD><TD STYLE="text-align: justify">During the term of this Agreement, Party B may not terminate this Agreement except in the case
of Party A&rsquo;s gross negligence, fraud, or other illegal action or bankruptcy of Party A. Notwithstanding the above, Party
A may terminate this Agreement with issuing a written notice to Party B thirty (30) days in advance.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt">7.3</TD><TD STYLE="text-align: justify">The rights and obligations of the both Parties under Article 4 and Article 5 of this Agreement
shall survive after the termination of this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>8</B></TD><TD STYLE="text-align: justify"><B>Dispute Settlement</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.1</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">With regards to any dispute in relation
to the interpretation or implementation of this Agreement, the Parties shall negotiate friendly to settle the dispute. </FONT>In
case no settlement can be reached through consultation, each Party can submit such matter to China International Economic and Trade
Arbitration Committee for arbitration according to the current effective arbitration rules. The arbitration shall be held in Beijing.
The arbitration proceedings shall be conducted in Chinese. The arbitration award shall be final and binding on the Parties. <FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></TD></TR></TABLE>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-variant: normal">&nbsp;</FONT></P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-variant: normal"></FONT></P>

<!-- Field: Page; Sequence: 4; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-variant: normal">&nbsp;</FONT>&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>9</B></TD><TD STYLE="text-align: justify"><B>Force Majeure</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt">9.1</TD><TD STYLE="text-align: justify">Force Majeure Event (&ldquo;<B>Event</B>&rdquo;) refers to any event beyond control of the affected
party and unavoidable with reasonable caution, which shall include but not limit to, government acts, nature disasters, fire, explosion,
typhoon, flood, earthquake, tidal wave, lightning or war. However, any lack of credit, assets or financing shall not be deemed
as an event beyond control of a party. The party claiming the Force Majeure and seeking a waiver of its obligations hereunder shall
promptly inform the other party the Force Majeure and the procedure to fulfil its obligations hereunder.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt">9.2</TD><TD STYLE="text-align: justify">If performance of this Agreement is delayed or prevented due to Force Majeure set forth in the
preceding paragraph, the affected party shall not subject to any liability hereunder arising from the obligations so delayed or
prevented. The affected party shall make reasonable effort to reduce or diminish the effect from such Event, and shall make reasonable
efforts to resume its performance. Both parties shall resume the performance with best effort upon elimination of such Event.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>10</B></TD><TD STYLE="text-align: justify"><B>Notices</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt">10.1</TD><TD STYLE="text-align: justify">Any notice by each Party regarding rights and obligations hereunder shall be in writing. Where
such notice is delivered personally, the time of notice is the time when such notice actually reaches the addressee; where such
notice is transmitted by telex or facsimile, the notice time is the time when such notice is transmitted. If such notice does not
reach the addressee on business date or reaches the addressee after the business time, the next business day following such day
is the date of notice. The delivery place is the address first written above of the Parties hereto or the address advised in writing
including facsimile and telex from time to time. &ldquo;Writing&rdquo; includes, inter alia, fax and telefax.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>11</B></TD><TD STYLE="text-align: justify"><B>Assignment </B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt">11.1</TD><TD STYLE="text-align: justify">Absent the prior written consent of Party A, Party B may not assign any right or obligation hereunder
to any third party.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>12</B></TD><TD STYLE="text-align: justify"><B>Severability</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt; text-align: left">12.1</TD><TD STYLE="text-align: justify">If any of the terms of this Agreement is invalid, illegal
or unenforceable due to incompliance with laws, the validity and enforceability of the other terms hereof shall nevertheless remain
unaffected.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 54.7pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>13</B></TD><TD STYLE="text-align: justify"><B>Amendments and Supplement</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.35pt; text-align: justify">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-variant: normal">13.1</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">Any amendment and supplement of this Agreement shall be in writing
and duly executed by the parties hereto, such amendment and supplement shall be deemed as a part of this Agreement and shall be
in full force and effect as this Agreement.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<!-- Field: Page; Sequence: 5; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>14</B></TD><TD STYLE="text-align: justify"><B>Governing Law and Languages</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.35pt; text-align: justify">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-variant: normal">14.1</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">This Agreement shall be governed by and construed in accordance
with the laws of the PRC.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-variant: normal">14.2</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: normal">This Agreement is executed both in Chinese and English. The
Chinese version will prevail in the event of any inconsistency between the English and any Chinese version.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">[THIS SPACE IS INTENTIONALLY LEFT BLANK]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

<!-- Field: Page; Sequence: 6; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>IN WITNESS WHEREOF</B>, the both Parties
have its authorized representative executed this Agreement on the date first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Party A: Recon Hengda Technology (Beijing)
Co., Ltd.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Legal Representative: <U>/s/ Chen Guangqiang</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Party B: Qinghai Hua You Downhole Technology
Co., Ltd.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">Legal Representative: <U>/s/
Huang Baokun</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 7; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>9
<FILENAME>v426412_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Recon Technology, Ltd. Announces Acquisition
of New Business to Expand Service Chain and Strengthen its Operation in West China</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">BEIJING, Dec. 7, 2015 /PRNewswire/ -- Recon Technology, Ltd.
(NASDAQ: RCON),&nbsp;(&quot;Recon&quot; or the &quot;Company&quot;), a leading independent oilfield services provider operating
primarily in China, today announced that the Company will acquire a 100% equity interest in Qinghai Hua You Downhole Technology
Co., Ltd. (&quot;QHHY&quot;), a PRC corporation and oilfield service provider in Qinghai province, pending shareholder approval
of the proposed transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to a share purchase agreement executed as of December
1, 2015 (the &quot;Effective Date&quot;), the Company has agreed to acquire a 100% equity interest in QHHY for $6.0 million, including
$3.6 million worth of Recon ordinary shares and $2.4 million in cash, with QHHY achieving net profit growth of 15% for fiscal 2016
and fiscal 2017. The Company's shares will be issued at 120% of the weighted average closing price of Recon's ordinary shares for
the past 20 trading days prior to the Effective Date and will be issued only after Recon obtains shareholder approval for the transaction,
which it expects to obtain sometime around February 2016. The shares will be issued to the QHHY stockholders, who together collectively
own 100% of the equity interest in QHHY. All ordinary shares issued pursuant to this agreement will be subject to a 12-month lock
up period. All cash consideration will be payable based on QHHY achieving certain annual net profit targets for fiscal 2016 and
fiscal 2017, which will be determined based on Recon's review of QHHY's audited financial statements in September 2016 and September
2017 (For specific payment method, please refer to Exhibit 1).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Exhibit 1: (US$ million) Earn-out Payment Scenario.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 6pt; padding-bottom: 1pt"><B>N% of</B></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 6pt; border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>For the Twelve Months Ended June 30, </B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 6pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 6pt; border-bottom: Black 1pt solid"><B>Net Profit Increase</B></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 6pt; border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>2016</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 6pt; border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>2017</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 6pt; border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Maximum Cumulative Amount</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 22%; font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 6pt">&ge;30%</TD><TD STYLE="width: 2%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 24%; font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 6pt">$2.8</TD><TD STYLE="width: 2%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 24%; font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 6pt">$2.0</TD><TD STYLE="width: 2%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 24%; font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 6pt">$4.8</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">(15%, 30%)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 6pt">$1.4 &times; (actual growth rate/15%)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 6pt">$1.0 &times; (actual growth rate/15%)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 6pt">$(2.4,4.8)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 6pt">15%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 6pt">$1.4</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 6pt">$1.0</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 6pt">$2.4</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 6pt">[7.5%, 15%)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 6pt">$1.4&times;(actual growth rate/15%)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 6pt">$1.0 &times; (actual growth rate/15%)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 6pt">$[1.2,2.4)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 6pt">[0%, 7.5%)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 6pt">$0.7</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 6pt">$0.5</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 6pt">$1.2</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt; padding-left: 6pt">&lt;0%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt; padding-left: 6pt">$nil</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt; padding-left: 6pt">$nil</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt; padding-left: 6pt">$nil</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The transaction is subject to Recon shareholder approval and
certain other customary closing conditions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. Shenping Yin, Chairman and CEO of Recon, stated, &quot;The
acquisition marks an important milestone for Recon as this will be our first major acquisition since our IPO in July 2009. We are
thrilled to acquire QHHY, a niche, profitable oilfield service company with a strong relationship with PetroChina. According to
the domestic energy strategic requirements of 'adjust and stabilize the oil production in the east while explore the potential
in the west' put forward by PetroChina, west China has been playing a key role for China's energy industry. Qinghai province is
one of the most important areas with remarkable reserve of oil and natural gas. We view QHHY as a good fit to our long term vision
and goals and expect it to augment our capacity to grow in adjacent businesses.&quot;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>About Qinghai Hua You Downhole Technology Co., Ltd. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Established in September 2011, Qinghai Hua You Downhole Technology
Co., Ltd. (&quot;QHHY&quot;) is an oilfield service company providing a wide range of downhole technology support and services
primarily in Qinghai province. QHHY has more than 130 employees and is a qualified oilfield service provider for PetroChina, among
other companies. QHHY's solutions are aimed to keep the working wells safe and help to increase the oil well production. This is
cost effective and important to oil companies under lower oil price situation.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>About Recon</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Recon Technology, Ltd. (NASDAQ: RCON) (&quot;Recon&quot;) is&nbsp;China's&nbsp;first
independent oil and gas field service company to be listed on&nbsp;NASDAQ.&nbsp;Working closely with leading global partners, Recon
has achieved rapid growth supplying&nbsp;China's&nbsp;largest oil and gas exploration companies, including Sinopec and China National
Petroleum Corporation, with advanced automated technologies, efficient gathering and transportation equipment and reservoir stimulation
measures. The solutions Recon provides are aimed at increasing gas and petroleum extraction levels, reducing impurities, improving
safety and lowering production costs. For additional information, please visit&nbsp;www.recon.cn.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Cautionary Statements</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Statements made in this release with respect to Recon's current
plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about
the future performance of Recon. Forward-looking statements include, but are not limited to, those statements using words such
as &quot;believe,&quot; &quot;expect,&quot; &quot;plans,&quot; &quot;strategy,&quot; &quot;prospects,&quot; &quot;forecast,&quot;
&quot;estimate,&quot; &quot;project,&quot; &quot;anticipate,&quot; &quot;aim,&quot; &quot;intend,&quot; &quot;seek,&quot; &quot;may,&quot;
&quot;might,&quot; &quot;could&quot; or &quot;should,&quot; and words of similar meaning in connection with a discussion of future
operations, financial performance, events or conditions. From time to time, oral or written forward-looking statements may also
be included in other materials released to the public. These statements are based on management's assumptions, judgments and beliefs
in light of the information currently available to it. Recon cautions investors that a number of important risks and uncertainties
could cause actual results to differ materially from those discussed in the forward-looking statements, including but not limited
to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing,
government regulation, and other risks contained in reports filed by the company with the Securities and Exchange Commission. Therefore
investors should not place undue reliance on such forward-looking statements. Actual results may differ significantly from those
set forth in the forward-looking statements.&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>All such forward-looking statements, whether written or oral,
and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary
statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any
forward-looking statements to reflect events or circumstances after the date hereof.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Contact:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Recon Technology, Ltd.<BR>
Ivy Xia<BR>
Tel: +86-10-8494-5799<BR>
Email: info@recon.cn</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Weitian Investor Relations<BR>
Tina Xiao<BR>
Tel: +1-917-609-0333<BR>
Email: tina.xiao@weitian-ir.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 2; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
