EX-10.10





 Exhibit 10.10 

Third Amended and Restated Share Pledge Agreement 

This Third Amended and Restated Share Pledge Agreement (this “Agreement”) is made on December 7, 2020 by and among
Shanghai Aihui Trading Co., Ltd. (a wholly foreign-owned enterprise duly incorporated and validly existing under the laws of the People’s Republic of China), having its registered address at Room 611, Building 1, No.1616 Changyang Road, Yangpu
District, Shanghai (the “Pledgee”); 
 Sun Wenjun (ID Card No.: ***); and 

Chen Xuefeng (ID Card No.: ***) 

(collectively the “Pledgors” and each a “Pledgor”). 

WHEREAS, the Pledgors hold the equity interests in Shanghai Yueyee Network Information Technology Co., Ltd. (a domestic limited
liability company, having its registered address at Rooms 1101-1103, No.433 Songhu Road, Yangpu District, Shanghai, the “Company”) in proportion to their respective capital contributions as set out below: 

 

									
	Name of Shareholder	  	Subscribed Capital
Contribution	 	  	Shareholding
Percentage	 
	 Sun Wenjun
	  	 	RMB 13,828,761.00	 	  	 	27.6575	% 
	 Chen Xuefeng
	  	 	RMB 36,171,239.00	 	  	 	72.3425	% 

 WHEREAS, the Company and the Pledgee entered into the exclusive technology consulting and management
service agreement on August 31, 2012 (including any and all subsequent amendments thereto and restatements thereof, the “Service Agreement”); the Company, the Pledgee and other concerned parties entered into the business
operation agreement on August 31, 2012 (including any and all subsequent amendments thereto and restatements thereof, the “Business Operation Agreement”); the Company, the Pledgee and the Pledgors entered into the voting proxy
agreement on August 31, 2012 (including any and all subsequent amendments thereto and restatements thereof, the “Voting Proxy Agreement”); the Pledgors respectively issued to the Pledgee a power of attorney (including any and
all subsequent amendments thereto and restatements thereof, collectively the “Powers of Attorney”); the Pledgee and the Pledgors entered into the third amended and restated option purchase agreement on December 7, 2020
(including any and all subsequent amendments thereto and restatements thereof, the “Option Purchase Agreement”). The Service Agreement, the Business Operation Agreement, the Voting Proxy Agreement, the Powers of Attorney and the
Option Purchase Agreement are hereinafter referred to collectively as the “Master Agreement”, pursuant to which the Company and/or the Pledgors shall be obligated to pay service fees and interest thereon, liquidated damages and
compensations and bear any other losses caused to the Pledgee as a result of any default hereunder committed by the Company and/or the Pledgors (the “Secured Obligations”); 

The Pledgors agree to pledge to the Pledgee their respective equity interests in the Company’s registered capital to guarantee
(i) the performance of the Secured Obligations by the Pledgors and the Company; and (ii) the performance of all contractual obligations by the Pledgors and the Company respectively under the Master Agreement (the “Contractual
Obligations”), and the Pledgee is willing to accept such pledge in accordance with the terms and conditions contained herein. 












 WHEREAS, the Pledgors and the Pledgee entered into a Second Amended and Restated
Share Pledge Agreement dated on April 11, 2018. The Pledgors and the Pledgee hereby agree to execute this Agreement, which supersedes the Second Amended and Restated Share Pledge Agreement as of the execution date hereof; 

NOW THEREFORE, the Pledgors and the Pledgee agree as follows: 

Article 1     Pledge 
  

	1.1	 Subject Matter of Pledge 



The subject matter pledged by the Pledgors to the Pledgee hereunder shall be 100% equity interests in the Company’s registered capital,
whether now owned or hereafter acquired by the Pledgors, together with all dividends and bonuses acquired therefrom during the term hereof (the “Pledged Equity Interests”), in which: 

Sun Wenjun shall pledge to the Pledgee his equity interests held in the Company in an amount of RMB 13,828,761.00; 

Chen Xuefeng shall pledge to the Pledgee his equity interests held in the Company in an amount of RMB 36,171,239.00; 

 

	1.2	 Pledge 



The Pledgors are willing to pledge the Pledged Equity Interests described above to guarantee the performance of all Secured Obligations and
Contractual Obligations by the Pledgors and the Company. Each Pledgor hereby consents to the other’s pledge of his own equity interests held in the Company to the Pledgee. 

 

	1.3	 Realization of Pledge 



In the event that (i) the Company fails to perform the Secured Obligations pursuant to the Master Agreement, or (ii) the Pledgors or
the Company fails to perform the Contractual Obligations pursuant to the Master Agreement, the Pledgee shall dispose of the Pledged Equity Interests in accordance with the Civil Code of the People’s Republic of China and other pertinent
laws and regulations, and shall have the right to firstly by law get compensated from the proceeds of such disposal and apply them to the satisfaction of the Secured Obligations and payment of any other relevant expenses. It is agreed that the
proceeds acquired under this Article shall be applied in the following order of priority: (1) the payment of all taxes incurred due to the disposal of the Pledged Equity Interests; (2) the repayment of outstanding Secured Obligations owed
by the Pledgors; (3) if there remains any balance upon deduction of the payments set forth in the preceding Items from such proceeds, in the absence of any payable by the Pledgors or the Company to the Pledgee, the Pledgee shall refund such
balance to the Pledgors. In such case, the Pledgors, as shareholders of the Company, agree to waive their right of first refusal and agree that the Pledgee has the right to purchase such Pledged Equity Interests. 

Unless otherwise agreed in writing by the Pledgee in writing upon execution hereof, the pledge hereunder may be released subject to the
Pledgee’s written approval and only to the extent that the Company and the Pledgors have duly performed all of their obligations and responsibilities under the Master Agreement. In the event that the Pledgors fail to fully perform all or any
part of their obligations or responsibilities under the Master Agreement as of the expiration thereof, the Pledgee remains entitled to the pledge hereunder until all such obligations and responsibilities have been fully performed. 













	1.4	 Term of Pledge 



The pledge hereunder shall take effect as of the date on which the pledge of the Pledged Equity Interests hereunder is registered with
competent administration for market regulation, and shall lapse upon the satisfaction of all Secured Obligations and performance of all Contractual Obligations. 

Article 2     Representations and Warranties 
  

	2.1	 Each Pledgor hereby represents and warrants to the Pledgee that: 



 

	 	(1)	 The Pledgor is the legal owner of the Pledged Equity Interests, and has the right to pledge the same to the
Pledgee, whereupon the Pledgee will not be legally or factually inhibited from exercising the pledge. 


  

	 	(2)	 The Pledgor has obtained all such approvals and authorizations as may be necessary to execute this Agreement,
and this Agreement is valid and binding upon the Pledgor, enforceable against the Pledgor in accordance with its terms. 


  

	 	(3)	 The execution and performance of this Agreement by the Pledgor will not constitute a violation of any other
agreement to which he is a party (other than the Option Purchase Agreement) or any applicable laws and regulations and relevant government approvals, licenses or authorizations by which he is bound. 



 

	 	(4)	 There is no security interest, right of set-off or other similar
encumbrance on the Pledged Equity Interests on the execution date hereof, except for the option granted to the Pledgee under the Option Purchase Agreement. 


  

	 	(5)	 At no time shall the exercise of the Pledgee’s rights by its board of directors pursuant to this Agreement
be interfered with by any other party, unless by judicial or administrative authorities. 


  

	 	(6)	 Without the prior written consent of the Pledgee, the Pledgor shall not transfer or otherwise dispose of the
Pledged Equity Interests (or any part thereof), nor shall the Pledgor directly or indirectly cause or allow any other encumbrance to be created on the Pledged Equity Interests, other than the option granted by the Pledgor to the Pledgee pursuant to
the Option Purchase Agreement. 


  

	 	(7)	 Without the prior written consent of the Pledgee, the Pledgor shall not change or allow the change of the
Pledged Equity Interests that may decrease the value of the Pledged Equity Interests (except for the purpose of performing the Master Agreement). 


  

	 	(8)	 There is no pending civil, administrative or criminal proceeding, administrative penalty or arbitration with
respect to the Pledged Equity Interests on the execution date hereof. 


  

	 	(9)	 There is no outstanding tax or cost or legal proceeding or procedure that should be completed but not completed
with respect to the Pledged Equity Interests on the execution date hereof. 


  

	 	(10)	 The Pledgor agrees to sign an irrevocable voting proxy power of attorney. 



 

	 	(11)	 The Pledgor agrees that the exercise by the Pledgee of its rights pursuant to this Agreement shall not be
interrupted or hindered by the Pledgor or any of his successors or assigns or any other person. 















	 	(12)	 All provisions hereof represent the true intention of the Pledgor, and are legally binding upon the Pledgor. In
the event that the Pledgor fails to perform or fully perform any of his warranties, covenants, agreements or representations, the Pledgor shall indemnify the Pledgee against actual losses incurred thereby. 



 

	2.2	 The Pledgee hereby represents and warrants that: 



 

	 	(1)	 The Pledgee is a wholly foreign-owned enterprise duly incorporated and validly existing under the laws of the
People’s Republic of China. 


  

	 	(2)	 The Pledgee has obtained all such approvals and authorizations as may be necessary to execute this Agreement,
and this Agreement is valid and binding upon the Pledgee. 


 Article 3     Effectiveness and Term 

 

	3.1	 This Agreement shall become effective as of the date it is signed by authorized representatives of the parties.
The pledge hereunder shall take effect on the date of completion of the pledge registration procedures of the Pledged Equity Interests with competent administration for market regulation at the place of registration of the Company.



  

	3.2	 It is agreed to record the pledge of the Pledged Equity Interests in the Company’s shareholder register on
the execution date hereof. 


  

	3.3	 This Agreement shall terminate upon the termination of the Master Agreement by law and the satisfaction of all
Secured Obligations in accordance with the terms and conditions contained therein. 


 Article 4     Possession and
Custody of Share Certificates 
  

	4.1	 During the term of the pledge set forth herein, the Pledgors shall deliver to the Pledgee the possession of an
original copy of their respective share certificates issued by the Company. The Pledgors shall deliver an original copy of such share certificates to the Pledgee within five (5) business days of the execution date hereof, and shall furnish the
Pledgee with proof evidencing that the pledge hereunder has been duly recorded in the shareholder register, and shall complete all such approvals, registrations and filings as required by the laws of the People’s Republic of China (including
but not limited to the registration of the pledge of the Pledged Equity Interests with competent administration for market regulation at the place of registration of the Company). 



 

	4.2	 To the extent required by law to change any pledge related matter recorded in the Company’s shareholder
register, the Pledgors shall record such change within fifteen (15) days thereof and go through relevant change registration procedures with competent administration for market regulation at the place of registration of the Company.



  

	4.3	 During the term of the pledge, the Pledgors shall instruct the Company not to distribute any dividend or bonus
or adopt any profit distribution plan; if the Pledgors acquire monetary interests of any nature from the Pledged Equity Interests other than dividends, bonuses or other profit distribution plans, the Pledgors shall, upon the request of the Pledgee,
instruct the Company to remit relevant funds directly into the Pledgee’s designated bank account, which funds shall not be used by the Pledgors without the prior written consent of the Pledgee. 















	4.4	 During the term of the pledge, if the Pledgors acquire additional equity interests as a result of the stock
offering plan adopted by the Company for its shareholders or their additional capital contributions to the Company or otherwise, then such additional equity interests shall automatically become the Pledged Equity Interests hereunder, and the
Pledgors shall complete all such procedures as may be necessary to pledge such equity interests upon acquisition thereof. In the event that the Pledgors fail to complete relevant procedures as per the preceding provision, the Pledgee shall have the
right to forthwith realize the pledge pursuant to Article 6 hereof. 


  

	4.5	 In the case of the Pledgors being the Pledgee’s employees, if either Pledgor terminates his employment
relationship with the Pledgee during the term of the pledge, the Pledgor hereby agrees and covenants that he will transfer all of the Company’s equity interests held by him to any third person designated by the Pledgee, whereupon such third
person shall have all rights and obligations of such Pledgor under the Master Agreement. Such covenant shall be irrevocable during the term of this Agreement. 



Article 5     Event of Default 
  

	5.1.	 Any one of the following events shall be deemed an event of default hereunder: 



 

	 	(1)	 The Company or any of its successors or assigns fails to timely and fully pay any service fees payable under
the Service Agreement, or either Pledgor or any of his successors or assigns fails to perform the Business Operation Agreement and the Option Purchase Agreement; 



 

	 	(2)	 Any representation, warranty or covenant made by either Pledgor in Article 2 hereof is substantially misleading
or incorrect, and/or is breached by such Pledgor; 


  

	 	(3)	 Either Pledgor commits a serious breach of any provision hereof; 



 

	 	(4)	 Either Pledgor relinquishes the Pledged Equity Interests or arbitrarily transfers or otherwise disposes of the
Pledged Equity Interests without the written consent of the Pledgee; 


  

	 	(5)	 Any of either Pledgor’s external loans, guaranties, compensations, undertakings or other obligations
(i) is required to be repaid or performed prior to the scheduled due date due to his default hereunder or (ii) becomes due but cannot be repaid or performed as scheduled, thus causing the Pledgee to believe that the Pledgor’s ability
to perform his obligations hereunder has been affected, which would have an adverse effect on the Pledgee’s interests; 


  

	 	(6)	 Either Pledgor is unable to repay general debts or other debts, which would have an adverse effect on the
Pledgee’s interests; 


  

	 	(7)	 This Agreement is rendered illegal or either Pledgor is rendered incapable of continuing to perform his
obligations hereunder by reason of the promulgation of applicable laws; 


  

	 	(8)	 Any government consent, license, approval or authorization necessary to render this Agreement to be
enforceable, legal or valid is withdrawn, suspended or substantially modified or lapses; or 


  

	 	(9)	 There is any adverse change to any property owned by either Pledgor, causing the Pledgee to believe that the
Pledgor’s ability to perform his obligations hereunder has been affected. 


  

	5.2.	 The Pledgors shall notify the Pledgee in writing as soon as they become aware of or discover the occurrence of
any event described in Article 5.1 or any event that might give rise thereto. 















	5.3.	 Unless any of the above events set out in Article 5.1 has been solved to the satisfaction of the Pledgee, the
Pledgee may, at the time of occurrence of such event or at any time thereafter, (a) send a written default notice to the Pledgors, requesting the Pledgors to forthwith make all outstanding payments and other payables under the Service
Agreement, or promptly perform the Option Purchase Agreement or the Business Operation Agreement, or (b) exercise the pledge pursuant to Article 6 hereof. 



Article 6     Exercise of Pledge 
  

	6.1	 Prior to the satisfaction of all Secured Obligations and performance of all Contractual Obligations hereunder,
the Pledgors shall not transfer or otherwise dispose of the Pledged Equity Interests without the Pledgee’s written consent. 


  

	6.2	 The Pledgee shall issue to the Pledgors a default notice in exercising the pledge. 



 

	6.3	 Subject to Article 5.3, the Pledgee may exercise the pledge concurrently with the giving of the default notice
as per Article 5.3 or at any time thereafter. 


  

	6.4	 The Pledgee shall have the priority to be indemnified in the form of all or part of the Pledged Equity
Interests based on the conversion value thereof, or from the proceeds from the auction or sale of all or part of the Pledged Equity Interests in accordance with legal procedures, until the repayment of all outstanding service fees and other payables
under the Service Agreement and the full performance of the Option Purchase Agreement and the Business Operation Agreement. 


  

	6.5	 Neither the Pledgors shall hinder the Pledgee from and shall provide necessary assistance to the Pledgee in
exercising the pledge pursuant to this Agreement in order for the Pledgee to realize such pledge. 


 Article 7
    Miscellaneous 
  

	7.1	 This Agreement is ancillary to the Master Agreement, provided that the validity of this Agreement shall not be
affected thereby. 


  

	7.2	 Any modification, extension, transfer and early termination of this Agreement shall be subject to the prior
written consent of the Pledgee. 


  

	7.3	 This Agreement shall be governed by and construed in accordance with the laws of the People’s Republic of
China. 


  

	7.4	 All disputes arising from or in connection with this Agreement shall be resolved by the parties through
amicable negotiations. Should such negotiations fail, either party may refer the dispute to Shanghai Arbitration Commission for arbitration in accordance with its arbitration rules then in effect. The arbitration proceedings shall be conducted in
Chinese. The arbitral award shall be final and binding on the parties. 


  

	7.5	 During the term hereof, any moratorium/extension granted by the Pledgee to the Pledgors with respect to any
default or delay in performance thereby shall not affect, impair or restrict any right or power conferred upon the Pledgee hereunder and as creditor under applicable laws and regulations, and shall not be deemed to be its consent to such default, or
constitute its waiver of any existing or future default thereby. 















	7.6	 The Pledgors shall not be entitled to grant or transfer any of their rights and obligations hereunder without
the prior consent of the Pledgee. This Agreement shall be binding upon the Pledgors and their respective successors, and upon the Pledgee and each of its successors and assigns. The Pledgee may at any time transfer all or any of its rights and
obligations under the Master Agreement to its designated person (natural person/legal person), whereupon the transferee shall have all rights and obligations of the Pledgee hereunder as if such transferee were a party hereto. After the Pledgee has
been changed as a result of the said transfer, the new parties to the pledge shall execute a new pledge contract. 


  

	7.7	 All costs and out-of-pocket
expenses in connection with this Agreement shall be for the account of the Pledgee. 


  

	7.8	 This Agreement is written in Chinese and executed in five (5) originals, with one (1) original to be
held by each of the Pledgors and Pledgee, one (1) original submitted to competent administration for market regulation, and the remaining original to be held by the Company. 



 

	7.9	 IN WITNESS WHEREOF, the parties hereto have caused their respective authorized representatives to execute this
Agreement as of the date first written above. 


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 [Signature Page] 

Pledgee: 
  

			
	Shanghai Aihui Trading Co., Ltd.
		
	By: 	 	 /s/ Chen Xuefeng

	Name:	 	Chen Xuefeng
	Title:	 	Legal Representative

 Pledgors: 
  

			
	 Sun Wenjun

		
	 By:
	 	 /s/ Sun Wenjun


  

			
	Chen Xuefeng
		
	By:	 	 /s/ Chen Xuefeng