Company: ZDAN
Filing Date: 2025-01-10
Form Type: DRS/A
Source: 0001683168-25-000168
Chunk: 139

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-01-10
Form: DRS/A
Chunk 139
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, 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 WFOE 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.