Company: ZDAN
Filing Date: 2025-02-18
Form Type: DRS/A
Source: 0001683168-25-001085
Chunk: 139

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-02-18
Form: DRS/A
Chunk 139
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holder, accepted by WFOE and acknowledged by the VIE, each
of the VIE Shareholder irrevocably authorized the WFOE’s designee, to (i) attend the shareholders’ meeting of the VIE
and execute relevant shareholders’ resolutions on behalf of the VIE Shareholder, (ii) exercise all the VIE Shareholder’s
right that the VIE Shareholder is entitled to under the PRC laws promulgated from time to time and the articles of association of the
VIE amended from time to time, including but not limited to, shareholders’ rights to vote, sell, transfer, pledge or dispose of
all or a portion of the equity interests in the VIE, (iii) appoint and elect, as the VIE Shareholder’s authorized representative,
the legal representative, chairman of the board of directors, directors, supervisors, general 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.

Agreement that allows us and the PRC Subsidiaries to receive economic benefits from the VIE

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 WFO