Exhibit 10.9


 


 





PICC Property and casualty Company Limited


 


 


 


Agreement on cooperation in insurance brokerage
business


 


 


 


 


 


 


 


 


 


 


 


Party a: Chongwen Branch of Beijing Branch
of PICC


 


Party b: Zhejiang anbisheng insurance brokerage
Co., Ltd


 


 


 


 


 


 


 






     


     


    

 


Party a: Chongwen Branch of Beijing Branch of PICC


Name of the person in charge of party a: Wangzhuo


Party a's address: Building 5, zuo'anmen inner st, Dongcheng
District, Beijing


Zip code :100035


 


Party b: Zhejiang anbisheng insurance brokerage Co., Ltd


Name of the person in charge of party b: Wangzhe


Address of party b: 15 / F, building D, Ocean International
Center, No. 62, dongsihuan Middle Road, Chaoyang District, Beijing


Zip code :100025


 


In order to promote
business development, according to the insurance law of the People's Republic of China, regulations on the insurance company and
the insurance brokerage institutions regulations and related laws and regulations, party a and party b based on the established
long-term stable cooperative relations, take the customer as the center, in line with fair and honest, mutual reciprocity and mutual
benefit, mutual support, strengthen cooperation and common development principles, through equal consultation to reach an agreement,
the particulars of insurance brokerage business cooperation, signed this agreement.


 


Chapter I scope of cooperation


 


Article 1 all the insurance business areas approved by circ
that party a and party b may legally operate are the business scope of cooperation between party a and party b.


 


Article 2 party a and party b agree to give priority to providing
business opportunities and business support to each other within their respective business scope, on the premise of not violating
the interests of the customer and based on the impartial and objective position.


 


Article 3 both parties shall actively carry out extensive cooperation,
including information exchange, technological complementarity, market coordination, customer maintenance, new business development
and innovation.


 


Chapter ii rights and obligations of
both parties


 


Article 4 both party a and party b guarantee that they are legal
and effective business entities during the term of cooperation and abide by relevant national laws and regulations in business
cooperation. Party a shall respect party b's insurance brokerage business regulations and party b shall respect party a's insurance
business regulations and requirements.


 






     


     


    

 


Article 5 party a shall provide party b with the terms and conditions
of the insurance products, product training, necessary publicity materials and project quotation as required by party b. party
b shall assist party a to provide project risk assessment and insurance consulting services to the insured as required by the insurance.


 


Article 6 party a has the right to sign the contract, to interpret
the final terms, to issue the license, to inspect and determine the loss, and to settle the claim. Party b has the right to participate
and make Suggestions.


 


Article 7 party b shall not add, delete, modify or cover the
relevant contents of the insurance documents issued by party a.


 


Article 8 party a shall carry out risk investigation and claim
settlement of the cooperative business, and party b shall carry out communication and coordination between party a and customers.


 


Article 9 as the broker of the client, party b shall truthfully
inform party a of the facts and information it knows related to the insurance business, so that party a can make a decision on
whether to accept the insurance business. Party a reserves the right not to accept the insurance business recommended by party
b.


 


Article 10 party a shall bear the insurance liability arising
from party a's acceptance of the insurance brokerage business introduced by party b.


 


Article 11 party a shall not directly enter into an insurance
contract with a customer introduced by party b without party b's permission. Party b shall not without reason mobilize the clients
who have entered into insurance contracts with party a to seek insurance from other insurance companies, unless the insurance contracts
have expired and terminated


 


Article 12 after the signing of the insurance contract, party
b shall assist and urge the insurance applicant to pay the insurance premium within the agreed period. Upon receipt of the insurance
premium, party a shall pay the brokerage fee to party b within the agreed period.


 


Article 13 both parties shall, in accordance with the requirements
of circ, establish a standing book for insurance brokerage business and conduct financial management of the revenues and expenditures
of the insurance brokerage business handled.


 


Article 14 neither party shall assign any part or all of its
rights hereunder without the written permission of the other party.


 


Chapter iii commission payment standard


 


Article 15 commission payment account


 






     


     


    

 


Name of commission account designated by party b:


Bank of deposit:


Account number :


 


Article 16 commission standard. [according to the insurance
type, the commission rate shall be the highest standard for party a to pay the commission to party b.]


 


Property insurance:


 


	Corporate insurance	The rate of commission:____/ ___
	General home property insurance	The rate of commission:____/ ___
	Investment property insurance	The rate of commission:____/ ___
	Project risks	The rate of commission:____/ ___


 


Agricultural insurance (non-policy):


 


	Crop insurance	The rate of commission:____/ ___
	Aquaculture insurance	The rate of commission:____/ ___
	Forest insurance	The rate of commission:____/ ___


 


Liability insurance:


 


	Liability insurance	The rate of commission:____/ ___


 


Credit guarantee insurance:


 


	Credit insurance	The rate of commission:____/ ___
	Ensure that risk	The rate of commission:____/ ___


 


Vehicle insurance:


 


	compulsory insurance for traffic accident of motor-driven vehicle	The rate of commission: ____/ ___
	Business car insurance	The rate of commission: ____/ ___


 


Cargo insurance:


 


	Small vessels risk	The rate of commission:____/ ___
	Freight insuranc3	The rate of commission:____/ ___


 


Aerospace and energy insurance:


 


	Aviation insurance	The rate of commission:____/ ___
	Space insurance	The rate of commission:____/ ___
	Nuclear insurance	The rate of commission:____/ ___
	Oil insurance	The rate of commission:____/ ___






     


     


    

 


Accident health insurance (excluding critical illness insurance):


 


	General accident insurance	The rate of commission:____/ ___
	Investment accident insurance	The rate of commission:____/ ___
	General health insurance (non-special)	The rate of commission:____/ ___
	General health insurance (special)	The rate of commission:____/ ___
	Investment health insurance	The rate of commission:____/ ___


 


Other:


 


	None	The rate of commission:____/ ___


 


Special provisions for some types of insurance:


 


The commission rate of the above insurance products is the
upper limit to be paid by party a. party a's product line has specific standards for specific insurance products. The commission
rate of all products during the cooperation period shall be agreed upon by both parties.


 


At the same time, if the commission standard stipulated in this
contract needs to be adjusted according to the actual business development, both parties shall enter into a supplementary agreement
to re-stipulate the commission standard and the period of validity (not exceeding the period of validity of this contract) after
reaching an agreement through negotiation. Except for this contract and the supplementary agreement, the agreement on the commission
standard in any other form is invalid.


 


Chapter iv liability for breach of contract


 


Article 17 both party a and party b shall
abide by the business ethics in their business activities and jointly abide by the provisions of this agreement. In case of economic
losses and liabilities of the other party caused by the following ACTS, both parties shall bear the corresponding legal liabilities
in addition to the economic losses and liabilities for compensation of the other party:


 


I. after the termination of this agreement,
party a and party b shall continue to conduct insurance business in the name of the other party or Brokerage business and economic
losses caused to the other party;


 


2. Conspiring with the insured or any other
third party maliciously to deceive the other party by concealing major matters, thus causing major economic losses to the other
party.


 


Iii. If party b violates relevant laws
and regulations and fails to deal with customers' insurance requirements in accordance with the business procedures agreed upon
by both parties in advance, thus causing party a to assume the non-agreed losses or compensation liabilities.


 






     


     


    

 


Chapter v confidentiality


 


Article 18 without the consent of the other
party, either party shall not, in any way disclosed to a third party unrelated to this agreement any commercial information related
to this agreement, including but not limited to, cooperation content, cooperation way, the content of the project, customer information
and data, distribution of remuneration, both sides negotiate content, meeting minutes, and communications. Except in cases where
government regulators and the judiciary require investigations.


 


Chapter vi anti-money laundering provisions


 


Article 19 the parties agree that, we will
strictly in accordance with the anti-money laundering law of the People's Republic of China, the "provisions on anti-money-laundering
by financial institutions", "financial institutions customer identification and client id information and transaction
records management method" and other laws and regulations, party b shall assist party a to perform the obligation of anti-money
laundering work, according to regulators and identification of the relevant provisions about the customer, the customer risk hierarchy,
the requirements of client id information and transaction record keeping system, timely and fully provide the saved the client
identity basic information supplement form, client id information and transaction records.


 


Chapter iv liability for breach of contract


 


Article 17 both party a and party b shall
abide by the business ethics in their business activities and jointly abide by the provisions of this agreement. In case of economic
losses and liabilities of the other party caused by the following ACTS, both parties shall bear the corresponding legal liabilities
in addition to the economic losses and liabilities for compensation of the other party:


 


I. after the termination of this agreement,
party a and party b shall continue to conduct insurance business in the name of the other party or


 


Brokerage business and economic losses
caused to the other party;


 


2. Conspiring with the insured or any other
third party maliciously to deceive the other party by concealing major matters, thus causing major economic losses to the other
party.


 


Iii. If party b violates relevant laws
and regulations and fails to deal with customers' insurance requirements in accordance with the business procedures agreed upon
by both parties in advance, thus causing party a to assume the non-agreed losses or compensation liabilities.


 






     


     


    

 


Chapter v confidentiality


 


Article 18 without the consent of the other
party, either party shall not, in any way disclosed to a third party unrelated to this agreement any commercial information related
to this agreement, including but not limited to, cooperation content, cooperation way, the content of the project, customer information
and data, distribution of remuneration, both sides negotiate content, meeting minutes, and communications. Except in cases where
government regulators and the judiciary require investigations.


 


Chapter vi anti-money laundering provisions


 


Article 19 the parties agree that, we will
strictly in accordance with the anti-money laundering law of the People's Republic of China, the "provisions on anti-money-laundering
by financial institutions", "financial institutions customer identification and client id information and transaction
records management method" and other laws and regulations, party b shall assist party a to perform the obligation of anti-money
laundering work, according to regulators and identification of the relevant provisions about the customer, the customer risk hierarchy,
the requirements of client id information and transaction record keeping system, timely and fully provide the saved the client
identity basic information supplement form, client id information and transaction records.


 


Chapter vii term of cooperation and termination
of the agreement


 


Article 20 this agreement shall be effective
from October 27, 2016 and shall be terminated until December 27, 2021.


 


Within 30 days before the expiration of
this agreement, both parties shall sign a new cooperation agreement if they wish to continue the business cooperation relationship.
To terminate this agreement, the party proposing to terminate this agreement shall give fifteen (15) days' prior written notice
to the other party. This agreement shall terminate upon mutual agreement and written agreement between the parties.


 


Article 21 either party may notify the
other party in writing of any serious breach of the provisions hereof and reserve the right to recover from the other party for
the economic losses caused to the other party as a result of the breach.


 


Under any of the following circumstances,
either party shall have the right to unilaterally terminate this agreement at any time and the agreement shall terminate 15 days
after the other party receives the notice of termination of the insurance broker cooperation agreement:


 






     


     


    

 


1. One party has its insurance-related
business license revoked by the state insurance regulatory authority;


 


2. Either party violates the laws and regulations
of the state and the relevant contents of this agreement, and causes significant economic losses to the other party;


 


3. The intentional or negligent act of
one party causes major economic losses to the other party;


 


4. Either party fails to perform or breaches
its obligations under this agreement;


 


5. One party has seriously damaged the
credibility of the other party;


 


6. One party shall be investigated and
punished by the judicial department for other serious mistakes.


 


Article 20 upon termination of this agreement,
both parties shall unconditionally return the propaganda materials, important vouchers, other documents and articles delivered
by the other party.


 


 


Chapter vii dispute settlement


 


Article 22 any dispute arising from the
performance of the agreement shall be settled in a timely manner through friendly negotiation. If no settlement can be reached
through consultation, the party may file a lawsuit with the people's court in the place where the defendant is located.


 


Chapter viii supplementary provisions


 


Article 23 any amendment or supplement
to this agreement shall be made in writing.


 


Article 24 the agreement is made in duplicate,
with each party holding one copy. The agreement shall come into force upon being signed and sealed by the representatives of both
parties.


 




     


     


    

 


 


 


Representative of party a (signature)


 


 


 


 


 


Representative of party b (signature)