Common use of Office of Foreign Assets Control Clause in Contracts

Office of Foreign Assets Control. None of the Company, any of its Subsidiaries, Ouhai VIE, Chongwen VIE or, to the Company’s knowledge, any director, officer, or employee of the Company, any of its Subsidiaries, Ouhai VIE or Chongwen VIE has conducted or entered into a contract to conduct any transaction with the governments or any of subdivision thereof, residents of, or any entity based or resident in the countries that are currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”); none of the Company, any of its Subsidiaries, Ouhai VIE or Chongwen VIE is currently subject to any U.S. sanctions administered by OFAC (including but not limited to the designation as a “specially designated national or blocked person” thereunder), the United Nations Security Council, or the European Union or is located, organized or resident in a country or territory that is the subject of OFAC-administered sanctions, including, without limitation, Burma/Myanmar, Cuba, Iran, North Korea, Sudan and Syria; and the Company will not knowingly directly or indirectly use the proceeds of the offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered by OFAC.

Office of Foreign Assets Control. None of the Company, any of its Subsidiaries, Ouhai VIE, Chongwen Zhongchao VIE or, to the best of the Company’s knowledge, any director, officer, or employee of the Company, any of its Subsidiaries, Ouhai VIE Subsidiaries or Chongwen Zhongchao VIE has conducted or entered into a contract to conduct any transaction with the governments or any of subdivision thereof, residents of, or any entity based or resident in the countries that are currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”); none of the Company, any of its Subsidiaries, Ouhai VIE Subsidiaries or Chongwen Zhongchao VIE is currently subject to any U.S. sanctions administered by OFAC (including but not limited to the designation as a “specially designated national or blocked person” thereunder), the United Nations Security Council, or the European Union or is located, organized or resident in a country or territory that is the subject of OFAC-administered sanctions, including, without limitation, Burma/Myanmar, Cuba, Iran, North Korea, Sudan and Syria; and the Company will not knowingly directly or indirectly use the proceeds of the offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered by OFAC.

Office of Foreign Assets Control. None of the Company, any of its Subsidiaries, Ouhai VIE, Chongwen VIE Sxxxxx Beijing or, to the knowledge of the Company’s knowledge, any director, officer, agent, employee or employee affiliate of the Company, any of its Subsidiaries, Ouhai VIE Subsidiaries or Chongwen VIE Sxxxxx Beijing has conducted or entered into a contract to conduct any transaction with the governments or any of subdivision thereof, agents or representatives, residents of, or any entity based or resident in the countries that are currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”); none of the Company, any of its Subsidiaries, Ouhai VIE subsidiaries or Chongwen VIE Sxxxxx Beijing is currently subject to any U.S. sanctions administered by OFAC (including but not limited to the designation as a “specially designated national or blocked person” thereunder), Her Majesty’s Treasury, the United Nations Security Council, or the European Union or is located, organized or resident in a country or territory that is the subject of OFAC-administered sanctions, including, without limitation, Burma/Myanmar, Cuba, Iran, North Korea, Sudan and Syria; and the Company will not knowingly directly or indirectly use the proceeds of the offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered by OFAC.

Office of Foreign Assets Control. None of the Company, any of its Subsidiaries, Ouhai VIE, Chongwen TRX VIE or, to the Company’s knowledge, any director, officer, or employee of the Company, any of its Subsidiaries, Ouhai VIE Subsidiaries or Chongwen TRX VIE has conducted or entered into a contract to conduct any transaction with the governments or any of subdivision thereof, residents of, or any entity based or resident in the countries that are currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”); none of the Company, any of its Subsidiaries, Ouhai VIE Subsidiaries or Chongwen TRX VIE is currently subject to any U.S. sanctions administered by OFAC (including but not limited to the designation as a “specially designated national or blocked person” thereunder), the United Nations Security Council, or the European Union or is located, organized or resident in a country or territory that is the subject of OFAC-administered sanctions, including, without limitation, Burma/Myanmar, Cuba, Iran, North Korea, Sudan and Syria; and the Company will not knowingly directly or indirectly use the proceeds of the offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered by OFAC.

Office of Foreign Assets Control. None of the Company, any of its Subsidiaries, Ouhai VIE, Chongwen Hexindai VIE or, to the best of the Company’s knowledge, any director, officer, agent, employee or employee affiliate of the Company, any of its Subsidiaries, Ouhai VIE Subsidiaries or Chongwen Hexindai VIE has conducted or entered into a contract to conduct any transaction with the governments or any of subdivision thereof, agents or the Underwriter, residents of, or any entity based or resident in the countries that are currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”); none of the Company, any of its Subsidiaries, Ouhai VIE subsidiaries or Chongwen Hexindai VIE is currently subject to any U.S. sanctions administered by OFAC (including but not limited to the designation as a “specially designated national or blocked person” thereunder), Her Majesty’s Treasury, the United Nations Security Council, or the European Union or is located, organized or resident in a country or territory that is the subject of OFAC-administered sanctions, including, without limitation, Burma/Myanmar, Cuba, Iran, North Korea, Sudan and Syria; and the Company will not knowingly directly or indirectly use the proceeds of the offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered by OFAC.

Office of Foreign Assets Control. None of the Company, any of its Subsidiaries, Ouhai VIE, Chongwen VIE Hailiang Zhejiang or, to the best of the Company’s knowledge, any director, officer, agent, employee or employee affiliate of the Company, any of its Subsidiaries, Ouhai VIE Subsidiaries or Chongwen VIE Hailiang Zhejiang has conducted or entered into a contract to conduct any transaction with the governments or any of subdivision thereof, agents or the Underwriters, residents of, or any entity based or resident in the countries that are currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”); none of the Company, any of its Subsidiaries, Ouhai VIE subsidiaries or Chongwen VIE Hailiang Zhejiang is currently subject to any U.S. sanctions administered by OFAC (including but not limited to the designation as a “specially designated national or blocked person” thereunder), Her Majesty’s Treasury, the United Nations Security Council, or the European Union or is located, organized or resident in a country or territory that is the subject of OFAC-administered sanctions, including, without limitation, Burma/Myanmar, Cuba, Iran, North Korea, Sudan and Syria; and the Company will not knowingly directly or indirectly use the proceeds of the offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered by OFAC.

Office of Foreign Assets Control. None of the Company, any of its Subsidiariessubsidiaries, Ouhai VIE, Chongwen VIE Sxxxxx Beijing or, to the knowledge of the Company’s knowledge, any director, officer, agent, employee or employee affiliate of the Company, any of its Subsidiaries, Ouhai VIE subsidiaries or Chongwen VIE Sxxxxx Beijing has conducted or entered into a contract to conduct any transaction with the governments or any of subdivision thereof, agents or representatives, residents of, or any entity based or resident in the countries that are currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”); none of the Company, any of its Subsidiaries, Ouhai VIE subsidiaries or Chongwen VIE Sxxxxx Beijing is currently subject to any U.S. sanctions administered by OFAC (including but not limited to the designation as a “specially designated national or blocked person” thereunder), Her Majesty’s Treasury, the United Nations Security Council, or the European Union or is located, organized or resident in a country or territory that is the subject of OFAC-administered sanctions, including, without limitation, Burma/Myanmar, Cuba, Iran, North Korea, Sudan and Syria; and the Company will not knowingly directly or indirectly use the proceeds of the offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered by OFAC.

Office of Foreign Assets Control. None of the Company, any of its Subsidiaries, Ouhai VIE, Chongwen Wah Fu VIE or, to the best of the Company’s knowledge, any director, officer, agent, employee or employee affiliate of the Company, any of its Subsidiaries, Ouhai VIE Subsidiaries or Chongwen Wah Fu VIE has conducted or entered into a contract to conduct any transaction with the governments or any of subdivision thereof, agents or the Underwriter, residents of, or any entity based or resident in the countries that are currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”); none of the Company, any of its Subsidiaries, Ouhai VIE subsidiaries or Chongwen Wah Fu VIE is currently subject to any U.S. sanctions administered by OFAC (including but not limited to the designation as a “specially designated national or blocked person” thereunder), Her Majesty’s Treasury, the United Nations Security Council, or the European Union or is located, organized or resident in a country or territory that is the subject of OFAC-administered sanctions, including, without limitation, Burma/Myanmar, Cuba, Iran, North Korea, Sudan and Syria; and the Company will not knowingly directly or indirectly use the proceeds of the offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered by OFAC.

Office of Foreign Assets Control. None of the Company, any of its Subsidiaries, Ouhai VIE, Chongwen VIE MDJM Tianjin or, to the best of the Company’s knowledge, any director, officer, agent, employee or employee affiliate of the Company, any of its Subsidiaries, Ouhai VIE Subsidiaries or Chongwen VIE MDJM Tianjin has conducted or entered into a contract to conduct any transaction with the governments or any of subdivision thereof, agents or the Underwriters, residents of, or any entity based or resident in the countries that are currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”); none of the Company, any of its Subsidiaries, Ouhai VIE subsidiaries or Chongwen VIE MDJM Tianjin is currently subject to any U.S. sanctions administered by OFAC (including but not limited to the designation as a “specially designated national or blocked person” thereunder), Her Majesty’s Treasury, the United Nations Security Council, or the European Union or is located, organized or resident in a country or territory that is the subject of OFAC-administered sanctions, including, without limitation, Burma/Myanmar, Cuba, Iran, North Korea, Sudan and Syria; and the Company will not knowingly directly or indirectly use the proceeds of the offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered by OFAC.

Office of Foreign Assets Control. None of the Company, any of its Subsidiaries, Ouhai VIE, Chongwen Puyi VIE or, to the best of the Company’s knowledge, any director, officer, agent, employee or employee affiliate of the Company, any of its Subsidiaries, Ouhai VIE Subsidiaries or Chongwen Puyi VIE has conducted or entered into a contract to conduct any transaction with the governments or any of subdivision thereof, agents or the Underwriter, residents of, or any entity based or resident in the countries that are currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”); none of the Company, any of its Subsidiaries, Ouhai VIE subsidiaries or Chongwen Puyi VIE is currently subject to any U.S. sanctions administered by OFAC (including but not limited to the designation as a “specially designated national or blocked person” thereunder), Her Majesty’s Treasury, the United Nations Security Council, or the European Union or is located, organized or resident in a country or territory that is the subject of OFAC-administered sanctions, including, without limitation, Burma/Myanmar, Cuba, Iran, North Korea, Sudan and Syria; and the Company will not knowingly directly or indirectly use the proceeds of the offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered by OFAC.