Company: ZDAN
Filing Date: 2025-02-18
Form Type: DRS/A
Source: 0001683168-25-001085
Chunk: 288

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-02-18
Form: DRS/A
Chunk 288
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 managers and other senior managements, (iv) execute documents, meeting minutes and relevant filling documents in
relation to the registration of the VIE kept by competent administrations of industry and commerce, and (v) exercise all voting
rights on behalf of the VIE Shareholder when it is bankrupted. The powers of attorney will remain effective until the shareholders are
no longer registered VIE Shareholders.

Equity Interest Pledge Agreement

On May 24, 2023, the VIE Shareholders and WFOE
entered into an Equity Interest Pledge Agreement. Under this agreement, the VIE Shareholders pledged their equity interests in the VIE
to WFOE to secure the performance of their obligations under the exclusive option agreement and the power of attorney, and the VIE’s
payment obligations under the Exclusive Consulting and Services Agreement as described below. Without WFOE’s prior written consent,
the VIE Shareholders shall not transfer the equity interests pledged thereunder or create any other pledge or encumbrance on such equity
interests during the term of the equity interest pledge agreement. The equity interest pledge agreements remain effective unless otherwise
terminated by WFOE in the event of material breach by the VIE, or terminated pursuant to other agreements entered into among all parties
to the Equity Interest Pledge Agreement.

Spousal Consent

Pursuant to the Spouse Consent Letters dated
May 24, 2023, the spouse of each applicable shareholder of the VIE unconditionally and irrevocably agreed that the equity interest in
the VIE held by them and registered in their names will be disposed of pursuant to the Exclusive Consulting and Services Agreement, the
Exclusive Option Agreement, the Equity Interest Pledge Agreement and the Powers of Attorney described above and below. Each of the signing
spouse agreed not to assert any rights over the equity interest in the VIE held by such shareholder. In addition, in the event that any
spouse obtains any equity interest in such VIE held by such shareholder for any reason, he or she agreed to be bound by and sign any
legal documents substantially similar to the contractual arrangements described above, as may be amended from time to time.

Exclusive Consulting and Services Agreement

On May 24, 2023, the VIE and WFOE entered into
an exclusive service agreement (the “Exclusive Consulting and Services Agreement”), pursuant to which agreement WFOE will
be the exclusive provider of services and support reasonably requested by the VIE, including