Company: ZDAN
Filing Date: 2025-01-10
Form Type: DRS/A
Source: 0001683168-25-000168
Chunk: 140

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-01-10
Form: DRS/A
Chunk 140
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 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 to WFOE after deducting all the taxes and fees required
by the applicable PRC Law. The Exclusive Option Agreement further provides that the VIE Shareholders shall not dispose of or encumber
any of their equity interests in the VIE without the prior written consent of WFOE, and the VIE shall not dispose of or transfer any
of its assets or income or distribute any dividends to the VIE Shareholders in any manner. The Exclusive Option Agreement remains effective
unless otherwise terminated by WFOE or terminated pursuant to other agreements entered into among all parties to the Exclusive Option
Agreement.

Spousal Consent.Pursuant
to the Spousal 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