Company: ZDAN
Filing Date: 2025-02-18
Form Type: DRS/A
Source: 0001683168-25-001085
Chunk: 140

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-02-18
Form: DRS/A
Chunk 140
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E will be the exclusive provider of services and support reasonably
requested by the VIE, including enterprise management and training, the research and development of computer software, information system
software and related products and the sale and marketing of computer software, information system software and related products. Without
WFOE’s written consent, the VIE shall not accept any technology consulting and services covered by the Exclusive Consulting and
Services Agreement from any third party. The VIE agrees to pay service fees to WFOE on annual basis. In the event that the VIE fails
to pay the service fee and other expenses in accordance with this agreement, the VIE shall additionally pay liquidated damage in an amount
representing 0.05% late payment per day to WFOE. The service fees include the compensation that WFOE shall be paid for the provision
of consultancy and services. The VIE shall additionally pay liquidated damage in an amount representing 0.05% late payment per day to
WFOE. The VIE’s relevant shareholders will pledge their equity interests in the VIE to WFOE to secure all service Fee, liquidated
damages, actual expenses and indemnifications payable by the VIE under this agreement. The Exclusive Consulting and Services Agreement
will remain effective indefinitely unless otherwise terminated by WFOE on such expiration date upon prior written notice or earlier terminated
pursuant to other agreements entered into among all parties to the Exclusive Consulting and Services Agreement.

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Agreements that provide us and the PRC Subsidiaries with the option to purchase the equity interest in the VIE

Exclusive Option Agreement. On
May 24, 2023, the VIE Shareholders, the VIE and WFOE entered into an exclusive option agreement (the “Exclusive Option Agreement),
pursuant to which the VIE Shareholders and the VIE granted WFOE or its designees an irrevocable and exclusive right to purchase (i) all
the equity held by the VIE Shareholders in the VIE for the amount in proportion to their respective contributions to the registered capital
of the VIE, and (ii) all assets of the VIE for the net book value of the relevant assets. If the lowest price permitted under PRC law
is higher than the corresponding capital contribution of the transfer equity and/or the net book value of the purchased assets, the VIE
Shareholders and/or the VIE shall pay all the remaining of the excess amount