Exhibit 10.8


 


	[Name of the VIE]	Loan Contract	 


 


LOAN CONTRACT


 


THIS LOAN CONTRACT (the “Contract”)
is entered into by and between the following parties on this 9th day of March, 2020 in Shanghai, the People’s Republic of
China (hereinafter referred to as the “PRC”, and, for the purpose of this Contract, excluding Hong Kong SAR,
Macau SAR and Taiwan):


 


Lender: Shanghai Santeng Technology
Co., Ltd. (the “WFOE”)


Legal representative: LU Qiaoling


Registered address: Room 121, 14/F, Building
No.2, No.588 Zixing Road, Minhang District, Shanghai


 


Borrower-1: [Name of the Shareholder
B-1]


Identification No.: [ID
Card No. of Shareholder B-1]


 


Borrower-2: [Name of the Shareholder
B-2]


Identification No.: [ID
Card No. of Shareholder B-2]


 


Borrower-3: [Name of the Shareholder
B-3]


Identification No.: [ID
Card No. of Shareholder B-3]


 


In this Contract, Borrower-1, Borrower-2
and Borrower-3 are hereinafter collectively referred to as the “Borrowers” and each a “Borrower”,
and the Lender and the Borrowers are hereinafter collectively referred to as the “Parties” and individually
a “Party”.


 


WHEREAS:


 


		1.	[Name of the VIE] (the “Borrowers’ Company”) is a limited liability company
duly established and validly existing under the PRC laws with a registered capital of RMB [amount]. The Borrower-1 holds [number]%
equity interest in the Borrowers’ Company, and the Borrower-2 and Borrower-3 respectively hold [number]% equity interest
therein. All the equity interests owned by the Borrowers in the Borrowers’ Company at present and in the future are collectively
referred to as the “Borrowers’ Equities”; and



 


		2.	The Lender acknowledges that it agrees to provide the Borrowers with a loan of RMB [amount] hereunder
for the purpose specified in this Contract.



 



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	[Name of the VIE]	Loan Contract	 


 


NOW, THEREFORE, upon friendly consultation,
the Parties hereby agree as follows:


 


Article 1 Loan


 


		1.1	In accordance with the terms of this Contract, the Lender and the Borrowers hereby acknowledge
that the Lender is entitled to a creditor’s right of RMB [amount] against the Borrower (the “Loan”), and
please refer to Exhibit 1 for information regarding the loan owed by each Borrower. The term of the loan commences from the effective
date of this Contract and ends on the day when the Lender exercises its exclusive option in accordance with the Exclusive Option
Agreement under Article 1.1.4 of this Contract. In the case of any of the following circumstances, the Loan shall immediately become
due, and the Borrowers must repay the same immediately:



 


		1.1.1	a 30-day period from the Lender’s delivery of the written notice requesting for repayment
expires;



 


		1.1.2	the Borrower is subject to termination, deregistration, liquidation and other circumstances involving
termination of business;



 


		1.1.3	the Borrower commits a crime or is involved in any criminal activity; or



 


		1.1.4	pursuant to the applicable laws of the PRC, foreign investors are permitted to invest in the principle
business that is currently conducted by the Borrowers’ Company in the PRC with a controlling stake or in the form of wholly
foreign-owned enterprises, the relevant competent authorities of China has begun to examine and approve such investments, and the
Lender decides to exercise the exclusive option granted to it under the Exclusive Purchase Option Agreement dated March 9, 2020
among the Lender, the Borrower and the Borrower Company (the “Exclusive Option Agreement”).



 


		1.2	Without the Lender’s prior approval, the Borrowers shall not transfer this Contract to any
other person.



 


		1.3	The Borrowers agree to accept the foresaid Loan rendered by the Lender and hereby agree and warrant
that the Loan will be used for the purpose consented by the Lender.



 


		1.4	The Lender and the Borrowers hereby unanimously agree and acknowledge that the Borrowers may repay
the Loan in the following manner: after the Lender’s exercise of the Option under Exclusive Option Agreement, the Borrowers
shall transfer all of the Borrowers’ Equities to the Lender or its designated person (legal or natural person), and, to the
extent permitted by applicable laws, use all the proceeds of such transfer to repay the Loan to the Lender in accordance with this
Contract and in the manner designated by the Lender.



 


		1.5	The Lender and the Borrowers hereby unanimously agree and acknowledge that, subject to applicable
laws, the Lender shall have the right but not the obligation to purchase or designate any other person (legal or natural person)
to purchase all or part of the Borrowers’ Equities at the Purchase Price set forth in the Exclusive Option Agreement at any
time.



 


		1.6	Where the Borrowers transfer any Borrowers’ Equities owned by them to the Lender or its designated
person, if the transfer price of such equities is equal to or lower than the principal sum of the Loan hereunder, the Loan under
this Contract shall be deemed as an interest-free loan; provided that, if the transfer price of such equities exceeds the principal
sum of the Loan hereunder, the excess portion shall be deemed as the interest of the Loan hereunder and shall be repaid to the
Lender by the Borrowers. The Borrowers shall be deemed to have fully performed their repayment obligations hereunder when the person
so designated by the Lender has acquired all the Borrowers’ Equities (subject to completion of the registration with competent
administration for industry and commerce), and/or the Borrowers have repaid the principal and interests (if applicable) of the
Loan to the Lender in full in accordance with this Contract and the Exclusive Option Agreement.



 






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	[Name of the VIE]	Loan Contract	 


 


Article 2 Representations and Warranties


 


		2.1	The Lender hereby makes the following representations and warranties to the Borrowers as of the
execution date hereof:



 


		2.1.1	The Lender is a company duly established and validly existing under the PRC laws;



 


		2.1.2	It has the power to execute and perform this Contract. The Lender’s execution and performance
of this Contract comply with its business scope, articles of association or other organizational documents, and it has obtained
all necessary and appropriate approvals and authorities to execute and perform this Contract; and



 


		2.1.3	Upon execution, this Contract shall constitute the Lender’s legal, valid, and binding obligations
and shall be enforceable against the Lender in accordance with its terms.



 


		2.2	Each of the Borrowers makes the following representations and warranties to the Borrowers as of
the execution date hereof:



 


		2.2.1	He/she is a natural person who have full civil rights and capacity to execute and perform this
Contract;



 


		2.2.2	He/she has the power to execute and perform this Contract, his/her execution and performance of
this Contract comply with the articles of association or other organizational documents of the Borrowers’ Company, and he/she
has obtained all necessary and appropriate approvals and authorities to execute and perform this Contract;



 


		2.2.3	Upon execution, this Contract shall constitute his/her legal, valid, and binding obligations and
shall be enforceable against him/her in accordance with its terms; and



 


		2.2.4	There is no pending or threatened dispute, litigation, arbitration, administrative penalty or any
other legal proceeding in connection with the Borrower, which may affect the performance of this Contract.



 






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	[Name of the VIE]	Loan Contract	 


 


Article 3 Undertakings of the Borrowers


 


		3.1	The Borrowers, in their capacity of shareholders of the Borrowers’ Company, hereby irrevocably
undertake that, within the valid term of this Contract, they will cause the Borrowers’ Company:



 


		3.1.1	to strictly comply with all the terms of the Exclusive Option Agreement to which the Borrowers’
Company is a party, and to refrain from any action/omission that is sufficient to affect the validity and enforceability of the
Exclusive Option Agreement;



 


		3.1.2	at the request of the Lender or its designated party, to execute contract/agreement in respect
of business cooperation with the Lender or its designated party at any time;



 


		3.1.3	to deliver to the Lender all the information in connection with its operation and financial condition
upon the request of the Lender;



 


		3.1.4	to immediately notify the Lender of any pending or threatened litigation, arbitration or administrative
penalty in connection with its assets, business and revenues; and



 


		3.1.5	to appoint any person designated by the Lender to act as the director of the Borrowers’ Company
upon the Lender’s request.



 


		3.2	The Borrowers undertake that, within the valid term of this Contract, they shall:



 


		3.2.1	make their best efforts to cause the Borrowers’ Company to conduct its principal business,
the specific scope of which shall be subject to the business license;



 


		3.2.2	strictly comply with the provisions of this Contract, the Equity Pledge Agreement (as set forth
in Exhibit 2 hereto) (the “Equity Pledge Agreement”) and the Exclusive Option Agreement to which they are a
party, and refrain from any action/omission which is sufficient to affect the validity and enforceability of this Contract, the
Equity Pledge Agreement and the Exclusive Option Agreement;



 


		3.2.3	Except as provided by the Equity Pledge Agreement, or with the prior written consent of the Lender,
not sell, transfer, mortgage or otherwise dispose any legal or beneficial interests in the Borrowers’ Equities, nor allow
any other security interests to be created thereon;



 


		3.2.4	cause the shareholders’ meeting and/or the board of directors of the Borrowers’ Company
not to approve any sale, transfer, mortgage or other disposition of the legal or beneficial interest in the Borrowers’ Equities
or the creation of any other security interest thereon, without the Lender’s prior written consent, except for sale, transfer,
mortgage or other disposition made to the Lender or its designated person;



 


		3.2.5	cause the shareholders’ meeting and/or the board of directors of the Borrowers’ Company
not to approve the merger or consolidation with any person, or the acquisition of or investment in any person, without the prior
written consent of the Lender;



 


		3.2.6	immediately notify the Lender of any pending or threatened litigation, arbitration or administrative
penalty in connection with the Borrowers’ Equities;



 






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	[Name of the VIE]	Loan Contract	 


 


		3.2.7	execute all necessary or appropriate documents, take all necessary or appropriate actions, make
all necessary or appropriate claims, and raise necessary and appropriate defenses against all claims, in order to maintain their
ownership of the Borrowers’ Equities;



 


		3.2.8	without the Lender’s prior written consent, refrain from any action and/or omission that
may have material effect on the assets, business and liabilities of the Borrowers’ Company;



 


		3.2.9	at the request of the Lender, appoint any persons designated by the Lender as the directors of
the Borrowers’ Company;



 


		3.2.10	to the extent permitted by the PRC laws, and at the request of the Lender from time to time, unconditionally
transfer the Borrowers’ Equities to the Lender or its designated representative at any time, and cause other shareholders
of the Borrowers’ Company to waive their right of first refusal in respect of the equity transfer referred in this sub-article;



 


		3.2.11	to the extent permitted by the PRC laws, and upon the Lender’s request at any time, cause
other shareholders’ of the Borrowers’ Company to unconditionally and promptly transfer their equity interests in the
Borrowers’ Company to the Lender or its designated representative, and the Borrowers hereby waive their rights of first refusal
to the equity transfer referred in this sub-article;



 


		3.2.12	where the Lender purchases the Borrowers’ Equities from the Borrowers in accordance with
the provisions of the Exclusive Option Agreement, use all such purchase price obtained by the Borrowers to repay the Loan to the
Lender; and



 


		3.2.13	without the prior written consent of the Lender, not in any manner supplement, change or amend
the articles of association of the Borrowers’ Company, increase or decrease its registered capital, or otherwise change its
capital structure.



 


Article 4 Liability for Breach of Contract


 


		4.1	If the Borrowers commit a material breach of any terms hereunder, the Lender shall have the right
to immediately terminate this Contract by written notice to the Borrowers, and the Borrowers shall indemnify the Lender against
all losses arising from such breach or the early termination of this Contract. The remedy set forth in this Article 4.1 shall be
non-exclusive, and shall not impair or prejudice any other remedies to which the Lender may be entitled under this Contract or
applicable laws.



 


		4.2	Unless otherwise specified by laws, the Borrowers shall in no event have the right to terminate
or rescind this Contract.



 


		4.3	If the Borrower fails to pay any sum pursuant to the schedule specified hereunder, a default interest
shall be calculated thereon at a daily rate of 0.1% until the Borrowers’ full repayment of such sum (including the default
interest).



 






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	[Name of the VIE]	Loan Contract	 


 


Article 5 Notices


 


		5.1	All notices and other communications required or given under this Contract shall be delivered or
sent to the receiving Party by way of personal delivery, registered mail (postage prepaid), commercial courier service or facsimile
transmission. Each notice shall also be served by email. The dates on which such notices shall be deemed to have been effectively
given shall be determined as follows:



 


		5.1.1	Notices given by personal delivery (including express mail service) shall be deemed effectively
given on the day when an acknowledgement of receipt thereof is signed;



 


		5.1.2	Notices given by registered mail (postage prepaid) shall be deemed effectively given on the 15th
day after the date of the return receipt thereof;



 


		5.1.3	Notices given by way of facsimile transmission shall be deemed effectively given on the date of
transmission as shown on the facsimile, provided that, if such facsimile is given after 5 p.m. or on a non-business day at the
place of receipt, it shall be deemed given on the business day immediately following the transmission date shown on such facsimile.



 


Article 6 Confidentiality Obligation


 


		6.1	The Parties acknowledge and confirm that this Contract, its contents and any oral or written information
exchanged among the Parties in connection with the preparation and performance of this Contract shall be confidential information.
The Parties shall maintain the confidentiality of all such confidential information, and shall not disclose any confidential information
to any third party without the written consent of the other Party or Parties, except for the information which: (a) is already
known to the public (without unauthorized disclosure by the receiving Party); (b) is required to be disclosed under the applicable
laws or regulations, stock trading rules or orders of governmental authorities or courts; or (c) is required to be disclosed by
a Party to its shareholders, directors, employees, legal or financial advisors for the transactions contemplated hereunder, provided
that such shareholders, directors, employees, and legal or financial advisors shall be subject to the confidentiality obligations
similar to those set forth in this Article. Any disclosure of confidential information by a shareholder, director, employee or
engaged agency of a Party shall be deemed as a disclosure of such confidential information by such Party, who shall be liable for
breach of contract in accordance with this Contract.



 






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	[Name of the VIE]	Loan Contract	 


 


Article 7 Governing Law and Dispute Resolution


 


		7.1	The conclusion, effectiveness, interpretation, performance, amendment and termination of this Contract
and the resolution of disputes hereunder shall be governed by the laws of the PRC.



 


		7.2	In the event of any dispute arising from or in connection with this Contract, either Party may
submit the dispute to Shanghai International Economic and Trade Arbitration Commission for arbitration in Shanghai in accordance
with its arbitration procedures and rules then in effect. The arbitration tribunal shall consist of three arbitrators who shall
be appointed in accordance with the arbitration rules. The claimant and the respondent shall respectively appoint one arbitrator,
and the third arbitrator shall be appointed by the first two arbitrators through negotiations. The arbitration proceedings shall
be conducted in Chinese in a confidential manner. The arbitration award shall be final and binding upon the parties thereto. In
appropriate circumstances, the arbitration tribunal or arbitrators may award remedial measures in respect of equities or assets
of the Parties in accordance with the dispute resolution clause and/or applicable PRC laws, including restriction on conduct of
business, restriction or prohibition of transfer or sale of equities or assets, or proposal for the winding-up of the Parties.
In addition, in the course of forming the tribunal, Party A shall have the right to file an application to any court with competent
jurisdiction (including courts in the PRC, Hong Kong and Cayman Islands) for grant of temporary reliefs.



 


		7.3	In the event of any dispute arising out of the interpretation and performance of this Contract,
or in the arbitration proceeding of any dispute, the Parties shall continue to exercise their respective rights hereunder and perform
their respective obligations hereunder, except for matters under dispute.



 


Article 8 Taxes; Expenses


 


		8.1	Each Party shall be liable for any and all taxes, costs and expenses incurred by or imposed on
such Party in accordance with the PRC laws due to the preparation and execution of this Contract and each Transfer Contract as
well as the consummation of the transactions contemplated hereunder and thereunder.



 


Article 9 Miscellaneous


 


		9.1	This Contract shall come into effect on the day when it is duly signed by the Parties, and shall
expire on the date on which the Parties have fulfilled their respective obligations hereunder.



 


		9.2	This Contract is made in Chinese in four counterparts, with the Lender and each Borrower respectively
holding one counterpart hereof, and each counterpart hereof shall have the same legal effect.



 


		9.3	The Parties may amend and supplement this Contract by written agreement. Any amendment or supplementary
agreement among the Parties in respect of this Contract shall be an integral part hereof, and have the same legal effect as this
Contract.



 


		9.4	In the event that one or more provisions of this Contract are held to be invalid, illegal or unenforceable
in any aspect under any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Contract
shall not be affected or impaired thereby in any aspect. The Parties shall, through negotiations in good faith, strive to replace
such invalid, illegal or unenforceable provisions with the provisions which are valid to the greatest extent permitted by laws
and desired by the Parties, and the economic effect of such valid provisions shall be as close as possible to the economic effect
of those invalid, illegal or unenforceable provisions.



 


		9.5	The Exhibits attached to this Contract shall be integral parts hereof and have the same legal effect
as this Contract.



 


		9.6	Any obligations accruing or becoming due hereunder prior to the expiration or early termination
of this Contract shall survive the expiration or early termination of this Contract. The provisions of Articles 4, 6 and 7 and
this Article 9.6 shall survive the termination of this Contract.



 


(THE REMAINDER OF THIS PAGE IS INTENTIONALLY
LEFT BLANK)


 




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	[Name of the VIE]	Loan Contract	 


 


(Signature
Page of the Loan Contract)


 


Lender: 


Shanghai Santeng Technology Co., Ltd.
(official seal)


 


	By:	 	(signature)
	 	Its Legal or Authorized Representative	 


 


Signed on this 9th day of March, 2020




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	[Name of the VIE]	Loan Contract	 


 


(Signature
Page of the Loan Contract)


 


Borrower-1: 


[Name of the Shareholder B-1]


 


	Signature: 	 	 


 


Signed on this 9th day of March, 2020


 




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	[Name of the VIE]	Loan Contract	 


 


(Signature
Page of the Loan Contract)


 


Borrower-2: 


[Name of the Shareholder B-2]


 


	Signature: 	 	 


 


Signed on this 9th day of March, 2020


 




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	[Name of the VIE]	Loan Contract	 


 


(Signature
Page of the Loan Contract)


 


Borrower-3: 


[Name of the Shareholder B-3]


 


	Signature: 	 	 


 


Signed on this 9th day of March, 2020


 




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	[Name of the VIE]	Loan Contract	 


 


Exhibit
1Borrowers’ Information


 


	Name	 	PRC ID No.	 	Contribution to 

Borrowers’ 

Company 

(RMB)	 	Shareholding 

Ratio in 

Borrowers’ 

Company	 	Loan Amount 

(RMB)
	 	 	 	 	 	 	 	 	 
	[Name of the Shareholder B-1]	 	[ID Card No. of Shareholder B-1]	 	[* million]	 	[number]%	 	[*]
	 	 	 	 	 	 	 	 	 
	[Name of the Shareholder B-2]	 	[ID Card No. of Shareholder B-2]	 	[* million]	 	[number]%	 	[*]
	 	 	 	 	 	 	 	 	 
	[Name of the Shareholder B-3]	 	[ID Card No. of Shareholder B-3]	 	[* million]	 	[number]%	 	[*]


 


 




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	[Name of the VIE]	Loan Contract	 


 


Exhibit
2Equity Pledge Agreement


 




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	[Name of the VIE]	Loan Contract	 


 


Schedule of
Material Differences


 


One or more persons
signed a letter of consent using this form. Pursuant to Instruction ii to Item 601 of Regulation S-K, the Registrant
may only file this form as an exhibit with a schedule setting forth the material details in which the executed agreements differ
from this form:


 


	No.	 	Name of Shareholder	 	
        Name of the

        VIE
	 	
        Registered

        Address of

        the VIE
	 	ID Card No. 

of Shareholder	 	Percentage	 	
        Represented

        Amount of the

        VIE’s Registered

        Capital
	 	Loan Amount
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	1.	 	Yongxiang Lu	 	Daxin Wealth Investment Management (Shanghai) Co., Ltd. (“Daxin Wealth)	 	[***]	 	[***]	 	90%	 	[RMB * million]	 	[RMB *]
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	2.	 	Qiaoling Lu	 	Daxin Wealth	 	[***]	 	[***]	 	5%	 	[RMB * million]	 	[RMB *]
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	3.	 	Yiheng Guo	 	Daxin Wealth 	 	[***]	 	[***]	 	5%	 	[RMB * million]	 	[RMB *]
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	4	 	Yongxiang Lu	 	Daxin Zhuohui Financial Information Service (Shanghai) Co., Ltd. (“Daxin Zhuohui)”	 	[***]	 	[***]	 	90%	 	[RMB * million]	 	[RMB *]
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	5	 	Zhiyao Guo	 	Daxin Zhuohui	 	[***]	 	[***]	 	10%	 	[RMB * million]	 	[RMB *]
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	6	 	Qingdao Youyou Town Electronic Technology Co., Ltd.	 	Qingdao Buytop Payment Service Co., Ltd.	 	[***]	 	n/a	 	100%	 	[RMB * million]	 	[RMB *]



 


 


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