Exhibit 10.6


 


Form
of Financial Intermediary Service Contract


 


Party A (Borrower):


Legal Representative:


Domicile:


 


Party B (Intermediary): Sichuan Senmiao
Ronglian Technology Limited


 


Legal Representative: Hu Xiang


 


Domicile: No. 1601, 16F, Building 1, No.
1098, Middle Section of Jiannan Avenue, High-Tech Zone, Chengdu


 


Party A intends to apply for loan to the
users (hereinafter referred to as the “Investor”) registered with real names on the online lending information Intermediate
platform (hereinafter referred to as the “Platform”), “ihongsen” subordinated to Party B (www.ihongsen.com);
Party B provides intermediary services for Party A’s application for loan; therefore, both parties enter into this intermediary
service contract through full consultation on the basis of good faith, free will, equality, fairness, and mutual benefits to comply
with.


 


I. Party A releases information of loans
on Party B’s “ihongsen” platform; the Loan and Guarantee Agreement and the related contracts will be made by
and between Party A and the investor; the investor shall transfer the amounts into the account designated by Party A. Party A shall
understand and agree to comply with the business process, instructions, contracts, rates of financing cost, and service fee of
Party B and its platform. Party A will apply for a loan in an amount of RMB            yuan
only (¥                   yuan in figures) for the purpose of the Contract.


 


II. Party A’s Undertakings:


 


1. All documentations provided for Party
B necessary for financing (including but not limited to basic corporate information, financial and accounting statements, Shareholders’
resolutions, and collaterals etc.) are authentic, legitimate, and valid; otherwise, Party A will bear the legal liability arising
thereof.


 


2. The loan applied by Party A through
Party B’s intermediary service shall be used for legal purpose.


 


3. Party A warrants that the loan received
will not be used for any other purposes; Party A will take all legal liabilities for use of the loan for any actual purpose in
breach of national rules and regulations; Party B shall be exempt from any liability arising thereof.


 


4. Any matters concerning the intermediary
service shall be kept in confidence; otherwise, Party A commits a breach of the Contract.


 


5. Loan agreement between Party A and the
investors shall be deemed to be established upon receipt of loans in the account designated by Party A; all contracts executed
(including but not limited to the Loan and Guarantee Contract, receipt for a loan, receipt and letter of authorization etc.) shall
have legal effect; Party A undertakes to repay the principal and interest as scheduled according to the terms of the contracts.


 


6. During the process of the financing
business, Party A shall not contact the third party associated with Party B’s financing business separately or carry out
operations in private without Party B’s approval; otherwise, it shall be deemed as a breach of the Contract.


 




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III. Party B’s Undertakings:


 


1. The intermediary service will start
immediately after signing and effectiveness of this Contract; the progress of the intermediary service shall be reported to Party
A truthfully, so as to conclude the execution of the loan contract and the related contracts by Party A and the investor (subject
to the contracts finally executed by Party A and the investor).


 


2. Any matters concerning the intermediary
service shall be kept in confidence; relevant information shall not be disclosed to any third party irrelevant to the financing
business; otherwise, Party B commits a breach of the Contract.


 


IV. As long as Party A and any investor
of Party B’s “ihongsen” platform enter into any loan contract and the related contracts (subject to the contracts
finally executed by Party A and the investor), Party A must pay Party B the intermediary service fee as a certain proportion of
the total amount of the loan indicated in the loan contract and the related contracts (subject to the contracts finally executed
by Party A and investor); otherwise, Party A commits a breach of the Contract.


 


Special Agreements:


 


1. Any loan received by Party A from the
investor with a written proof of the investor shall be deemed as the result of Party B’s intermediary service; Party A shall
pay Party B the intermediary service fee as per the rates agreed.


 


2. The intermediary service fee shall not
include the expenses for Party B’s credit investigation, guarantee, appraisal, insurance, registration of mortgage, and notarization
etc., which shall be fully borne by Party A.


 


3. In consideration of the difficulty and
uncontrollability of the financing, in no event shall Party B be liable for failure in financing.


 


V. Intermediary Service Fee Scale and Payment
Methods:


 


1. Fee Scale


 


Time: the intermediary service fee shall
be charged upon the signing of this Contract by Party A and Party B.


 


Amount:        % of the total amount of the loan (          yuan in total)


 


2. Payment Methods


 


Party A shall transfer the intermediary
service fee to the account designated by Party B:


 


Account Name: Sichuan
Senmiao Ronglian Technology Limited


 


Account No.: 22872901040003901


 


Bank Name: Chengdu Oucheng
Sub-branch, Agriculture Bank of China


 


VI. Liability for Default


 


1. Party A’s failure to perform this
Contract as per Article II, IV, and V herein shall be deemed as default. In such cases, Party A shall pay Party B a penalty equal
to 5% of the total amount of the loan indicated in the loan contract and the related contracts (subject to the contracts finally
executed by Party A and the investor) in addition to the liquidated damages equal to two times of the intermediary financing service
fee payable for Party B.


 


2. Party B’s failure to perform this
Contract as per Article III herein shall be deemed as default. In such case, Party B shall pay Party A a penalty equal to 5% of
the total amount of the loan indicated in the loan contract and the related contracts (subject to the contracts finally executed
by Party A and the investor) in addition to returning two times of the intermediary financing service fee paid by Party A.


 


VII. Either party shall not unilaterally
terminate this Contract once signed. The defaulting party shall pay 10% liquidated damages for the non-defaulting party.


 




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VIII. Any disputes arising from the performance
of this Contract shall be settled through friendly negotiation by both parties. Should no settlement be reached, the case shall
be governed by the people’s court at the place of signing of this Contract.


 


IX. Termination of this Contract: this
Contract shall be automatically terminated upon fulfillment of the rights and obligations of both parties under this Contract or
upon both parties’ consent.


 


X. This Contract shall come into effect
upon affixing the signature of the legal representative (or authorized agent) and the seal of each party; this Contract is executed
in duplicate; each party holds one, having the same legal effect.


 


	Party A (Signature & Seal):	Party B (Signature & Seal):
	 	Sichuan Senmiao Ronglian Technology Limited


 


	 	Signed on                    at High-Tech Zone, Chengdu




 




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