Company: ZDAN
Filing Date: 2025-01-10
Form Type: DRS/A
Source: 0001683168-25-000168
Chunk: 286

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-01-10
Form: DRS/A
Chunk 286
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 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.

| F-8 |

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.

As a holding company with no material operations
of our own, the majority of our operations are conducted through the VIE in China pursuant to the VIE Agreements. The VIE Agreements were
entered into by and among WFOE, the VIE, and the VIE’s shareholders and include the Powers of Attorney, Equity Interest Pledge Agreement,
Exclusive Consulting and Services Agreement, Exclusive Option Agreement, and a Spousal Consent Letter. Due to PRC legal restrictions on
foreign ownership in certain internet-related businesses we may explore and operate in the future, we do not have any direct equity ownership
of the VIE. We control and receive the economic benefits of the VIE’s business operations