Exhibit 10.2


 


EQUITY
PLEDGE AGREEMENT


 


This
Equity Pledge Agreement (this “Agreement”) is made and entered into by the parties below on August 1, 2017
in Beijing, People’s Republic of China (“China”):


 


	Pledgee:	Beijing Jiucheng Information Consulting Company




 


	Pledgors:	Meng Xiangbin PRC ID No.: 370830198708186114;




 


Jiuyuan
Investment Company


 


The
Pledgee and the Pledgors are hereinafter referred to as collectively, the “Parties”.


 


Whereas:


 


(1)
Meng Xiangbin and Jiuyuan Investment Company are shareholders of Beijing Jiucheng Asset Management Company (the “Company”),
holding equity interests of 30% and 70% respectively in the Company (Meng Xiangbin and Jiuyuan Investment Company hereinafter
collectively referred as to “Pledgors”).


 


(2)
The Company is a company with limited liability duly registered and validly existing under the laws of China;


 


(3)
The Pledgee is a wholly foreign owned enterprise, a company with limited liability duly registered and validly existing under
the laws of China;


 


(4)
The Pledgee and the Company have entered into the Service Agreement as defined in Article 1 on August 1, 2017; and


 


(5)
In order to ensure that the Pledgee can collect consulting and services fees pursuant to the Service Agreement from the Company,
the Pledgors hereby pledges all of their Equity Interests as defined in Article 1 in the Company to the Pledgee as a guarantee
for the payment of the consulting and services fees under the Service Agreement.


 


NOW,
THEREFORE, the Pledgors and the Pledgee, through negotiations on the principle of equality, agree as follows:


 


1.
Definition


 


Unless
otherwise provided in this Agreement, the following terms shall have the following meanings:


 


1.1
Right of Pledge: as specified in Article 2 of this Agreement.


 


1.2
Equity Interests: 100% of the equity interests held by the Pledgors in the Company comprising 100% of all issued and outstanding
equity interests in the Company.


 


1.3
Term of Pledge: the term specified in Article 3 hereunder.


 






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1.4
Service Agreement: the Exclusive Technical Consultancy and Services Agreement entered into by the Company and the Pledgee on August
1,2017.


 


1.5
Breach of Agreement: any circumstance specified in Article 6.1 hereunder.


 


1.6
Notice of Breach: a notice sent by the Pledgee under this Agreement declaring a Breach of Agreement.


 


Terms
not specifically defined hereunder shall have the same meaning as the corresponding terms contained in the Service Agreement.


 


2.
Pledge and Right of Pledge


 


2.1
The Pledgors irrevocably pledge all their Equity Interests in the Company to the Pledgee. The Right of Pledge means the priority
right entitled by the Pledgee to claim the consulting and services fees, which the Pledgee is entitled to under the Service Agreement
from funds obtained through conversion, auction or sale of the Equity Interests that the Pledgors pledge to the Pledgee.


 


3.
Term of Pledge


 


3.1
This Agreement shall come into force upon the date when the pledge of Equity Interests hereunder is recorded in the register of
shareholders of the Company, and such pledge shall remain valid for two (2) years after the expiry of the Service Agreement.


 


3.2
During the Term of Pledge, the Pledgee is entitled to exercise its Right of Pledge should the Company not disburse part or all
of the consulting and services fees due to the Pledgee under the Service Agreement.


 


4.
Custody of the Certificate for Pledge


 


4.1
During the term of this Agreement, the Pledgee shall keep in custody the investment certificates of the Equity Interests in the
Company and the register of shareholders of the Company in which the pledge of the Equity Interests hereunder is recorded. Within
one (1) week of the execution of this Agreement, the Pledgors shall deliver these aforesaid documents to the Pledgee.


 


4.2
The Pledgee is entitled to collect all dividends declared and paid arising out of the Equity Interests.


 


5.
Representations and Warranties of the Pledgors


 


5.1
The Pledgors have full capacity for civil act, with full and independent legal status, and are legally competent to sign, deliver
and perform this Agreement. The Pledgors can sue or be sued in litigation.


 


5.2
The Pledgors are the lawful owner of the Equity Interests.


 


5.3
The Pledgors can sign this Agreement and be bound by its terms without the consent of any third party.


 






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5.4
When exercising its Right of Pledge under this Agreement, the Pledgor shall procure that no other party shall interfere with or
seek to restrict in any way the Pledgee’s rights under this Agreement.


 


5.5
Except for the Right of Pledge, there are no other liens, pledges, mortgages, claims, charges or other encumbrances or other guarantee
rights, or restrictions imposed by or belonging to any third party, in relation to the Equity Interests.


 


5.6
Without the prior written consent of the Pledgee (which may be withheld entirely at the Pledgee’s discretion), the Pledgor
shall not transfer or seek to transfer the Equity Interests, nor shall he establish or permit to be established any liens, pledges,
mortgages, claims or other guarantee rights, or restrictions in favor of any third party, that may affect the rights and interests
of the Pledgee.


 


5.7
The Pledgor shall observe and comply with any and all provisions of laws and regulations concerning the pledge. Within five (5)
days after receiving any notice or decree issued or provided by relevant authorities, the Pledgor shall present such notice or
decree to the Pledgee, and issue opinion on the aforesaid matters upon the reasonable request of the Pledgee.


 


5.8
The Pledgor shall promptly notify the Pledgee of any event or circumstance that may affect the Equity Interests pledged, change
any of the Pledgor’s warranties and obligations, or affect the performance of the Pledgor’s obligations hereunder.


 


5.9
The Pledgor hereby agrees that the Right of Pledge to be exercised by the Pledgee shall not be disrupted or impaired by the Pledgor,
the Pledgor’s successors, or trustees, or any other person.


 


5.10
The Pledgor has full power to sign, deliver and perform this Agreement. This Agreement shall be signed and delivered by the Pledgor
in compliance with all applicable laws and regulations. This Agreement shall be binding upon the Pledgor and may be enforced against
the Pledgor in accordance with the terms and conditions hereunder.


 


5.11
The Pledgor shall complete the procedures for registration and filing with the relevant government departments, including but
not limited to the State Administration of Industry and Commerce in China.


 


5.12
In the interests of the Pledgee, the Pledgor shall observe and perform all of the aforesaid warranties, undertakings, agreements,
representations and conditions. Should the Pledgor not perform or fully perform such warranties, undertakings, agreements, representations
and conditions, he shall be liable for damages to and shall fully indemnify the Pledgee for any loss suffered by the Pledgee arising
therefrom.


 


6.
Breach of Agreement


 


6.1
Any of the following events shall be deemed a Breach of Agreement:


 


6.1.1
The Company fails to promptly disburse the total consulting and services fees due under the Service Agreement.


 






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6.1.2
Any of the representations and warranties contained in Article 5 are materially misleading or false, and/or there is a breach
by the Pledgor of any of the representations and warranties contained in Article 5.


 


6.1.3
The Pledgor breaches any of the terms and conditions of this Agreement.


 


6.1.4
Unless otherwise agreed under Article 5.6, the Pledgor forfeits the Equity Interests pledged or transfer such Equity Interests
without the written consent of the Pledgee.


 


6.1.5
Any loan, guaranty, indemnification, undertaking or other responsibility that the Company owes to any third party (1) is requested
to be repaid or performed in advance due to breach of contract by the Company; or (2) is due but not repaid or performed by the
Company such that the Pledgee believes that the capacity of the Company to perform its obligations has been affected thereby.


 


6.1.6
The Pledgor fails to repay any of his own debts.


 


6.1.7
This Agreement becomes illegal due to the publication of relevant laws or the Pledgor fails to continue performing his obligations
hereunder.


 


6.1.8
Any consent, approval or authorization by government organizations required to render this Agreement enforceable, legal, or valid
is rescinded, terminated, invalidated or materially amended.


 


6.1.9
Any properties owned by the Pledgor are subject to an adverse change such that the Pledgee believes that the capacity of the Pledgor
to perform his obligations has been adversely affected thereby.


 


6.1.10
The successor or custodian of the Company performs only part of, or refuses to perform, the payment obligations under the Service
Agreement.


 


6.1.11
The Pledgee is unable to exercise its Right of Pledge under the relevant laws.


 


6.2
The Pledgor shall notify the Pledgee in writing if the Pledgor becomes aware of, or finds out about, the occurrence of any of
the events or circumstances specified in Article 6.1 or occurrences that may lead to the aforesaid events or circumstances.


 


6.3
Unless the events or circumstances specified in Articles 6.1 under this Agreement have been settled to the Pledgee’s satisfaction,
the Pledgee may send a Notice of Breach in writing to the Pledgor at any time during or after a Breach of Agreement by the Pledgor,
requesting the Pledgor to forthwith pay any and all debts under the Service Agreement and other debts due, or it may exercise
its Right of Pledge in accordance with the provisions contained in Article 7 hereunder.


 


7.
Exercise of Right of Pledge


 


7.1
Before repaying in full the consulting and services fees under the Service Agreement, the Pledgor shall not transfer the Equity
Interests pledged without the prior written consent of the Pledgee (which the Pledgee shall be entitled to withhold entirely at
its discretion).


 






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7.2
The Pledgee shall send a Notice of Breach to the Pledgor when the Pledgee exercises its Right of Pledge.


 


7.3
The Pledgee can exercise its Right of Pledge when it sends a Notice of Breach or at any time after sending such Notice in accordance
with the provisions contained in Article 6.3.


 


7.4
The Pledgee has priority in receiving repayment from funds obtained through conversion, auction or sale of part or all of the
Equity Interests under this Agreement pursuant to legal procedures, until the consulting and services fees remaining unpaid under
the Service Agreement and all other payments due have been paid off.


 


7.5
When the Pledgee exercises its Right of Pledge under this Agreement, the Pledgor shall not obstruct such exercise in any way and
shall instead render any necessary assistance timeously so that the Pledgee can realize its Right of Pledge.


 


8.
Transfer


 


8.1
Unless previously consented to in writing by the Pledgee, the Pledgor shall have no right to donate, transfer or assign his rights
and obligations under this Agreement.


 


8.2
This Agreement shall be binding upon the Pledgor, the Pledgor’s successors and transferees of the Equity Interests pledged
with the consent of the Pledgee, and shall remain a valid obligation on the Pledgee and any of its successors and transferees.


 


8.3
The Pledgee can transfer, at any time, any and all rights and obligations under the Service Agreement to any person designated
by the Pledgee. Under such circumstances, the transferee shall have the same rights and obligations of the Pledgee under this
Agreement as if it were a Party hereto. The Pledgor shall sign any relevant agreements and/or documents effecting such transfer
upon the request of the Pledgee when the Pledgee transfers the aforesaid rights and obligations.


 


8.4
If the identity of the Pledgee or Pledgor changes due to the aforesaid transfer of the rights and obligations herein, the new
parties involved in the pledge shall sign a new pledge agreement.


 


9.
Termination


 


9.1
When the consulting and services fees under the Service Agreement are fully repaid, the Company has performed all other obligations
under the Service Agreement and the Service Agreement has been terminated, this Agreement shall be terminated.


 


10.
Expenses


 


10.1
Any and all expenses relating to this Agreement, to the extent reasonable, including but not limited to the legal fees, production
costs, stamp duties and any other taxes and expenses, shall be borne by the Pledgor. Should the Pledgee pay any such expenses
or taxes, the Pledgor shall fully reimburse the Pledgee for the aforesaid expenses or taxes paid by the Pledgee.


 


10.2
The Pledgee may take any measure to claim from the Pledgor any such expenses or taxes arising under this Agreement or such other
expenses or taxes that the Pledgor agreed to pay but has not yet paid. Any and all expenses (including but not limited to taxes
and expenditures, handling charges, overhead expenses, legal costs, attorney’s fees and insurance premiums) arising out
of the aforesaid claims shall be borne by the Pledgor.


 






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11.
Force Majeure


 


11.1
“Force majeure” means any unforeseeable circumstance which is beyond the control of a Party, or any unavoidable
event, even if foreseeable, as a result of which such Party is unable to perform its obligations, in whole or in part, under
this Agreement. Such circumstances include, but are not limited to, any strike, factory closure, explosion, maritime peril,
natural disaster, act by a public enemy, fire, flood, accident, war, riot, insurgence or any other similar event.


 


11.2 Should the affected Party be prevented from performing its obligations hereunder due to any force majeure event, the aforesaid
obligations shall be suspended during the continuation of such force majeure event, and the time for performing such obligations
shall be extended automatically until the force majeure event ends. The affected Party shall not be liable for its non-performance
during the force majeure event.


 


11.3 Any Party encountering a force majeure event shall forthwith notify the other Parties in writing and supply proper evidence of
the inception of the force majeure event and its continuing period. Such Party shall make every reasonable endeavor to mitigate
the damages of such event of force majeure.


 


11.4 If a force majeure event occurs, the Parties shall forthwith negotiate a fair solution, and shall make any and all reasonable
efforts to minimize the effects of any event of force majeure.


 


11.5 If the force majeure event lasts over ninety (90) days and the Parties do not reach any agreement on a just solution, any of the
Parties shall be entitled to terminate this Agreement. In case of termination of this Agreement pursuant to the aforesaid provision,
none of the Parties shall have any rights or obligations subsequent thereto, but the rights and obligations of each Party arising
hereunder before such termination shall not be affected.


 


12.
Dispute Resolution


 


12.1
The PRC law shall govern the execution, validity, interpretation, amendment, termination and resolution of disputes arising
out of this Agreement. The PRC law referred to herein does not include the laws of Taiwan, the Hong Kong Special
Administration Region or the Macau Special Administration Region.


 


12.2
Any dispute arising from or related to this Agreement shall be settled first through friendly negotiations. If such dispute cannot
be settled within thirty (30) days after the start of negotiations, it shall be submitted to the South China International Economic
and Trade Arbitration Commission for arbitration and be arbitrated in Shenzhen, China in accordance with its arbitration rules
when such arbitration application was submitted. The arbitral award shall be final and binding upon all Parties. Unless otherwise
decided by the arbitration commission, arbitration fees and other expenses in relation to such arbitration shall be borne by the
losing Party.


 






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13.
Notice


 


13.1
Any notice or other communication sent by any Party shall be written in Chinese, and sent by mail or facsimile transmission to
the addresses of the other Parties set forth below or to other designated addresses previously notified by any such other Party.
If any Party changes its address, it shall notify the other Parties of such change in a timely and effective manner. The dates
on which such notices are deemed to have been effectively given shall be determined as follows:


 


(A) Notices
given by personal delivery shall be deemed effectively given on the date of personal delivery;


 


(B) Notices
sent by registered airmail (postage prepaid) shall be deemed effectively given on the seventh (7th) day after the date on which
they were mailed (as indicated by the postmark);


 


(C) Notices
sent by a courier recognized by the Parties shall be deemed effectively given on the third (3rd) day after they were sent to such
courier service agency; and


 


(D) Notices
sent by facsimile transmission shall be deemed effectively given on the first business day following the date of transmission,
as indicated on the document.


 


Pledgee:
Beijing Jiucheng Information Consulting Company


Address:
Room 401-2, Building No.1, Section 1, No.188 the South 4th Ring West Road, Fengtai District, Beijing, China


Email:
lqlstxz@163.com


Tel:
+86 18811139608


 


Pledgor:
Jiuyuan Investment Company


Address:
1F-3F, No. 52 Building, South Road of East 4th Ring Road, Chaoyang District, Beijing, China


Email:
mengxiangbin@jiuyuancorp.com


Tel:
+86 18501079999


 






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Pledgor:
Meng Xiangbin


Address:
No.120, Building No.5, No. 66 Tongtai Road, Jinshui District, Zhengzhou, Henan Province, China


Email:
mengxiangbin@jiuyuancorp.com


Tel:
+86 18501079999


 


14.
Schedule


 


14.1
The schedule contained herein constitute an integral part of this Agreement.


 


15.
Effectiveness


 


15.1
This Agreement and any amendment, supplement or modification hereto shall be made in writing and come into force upon execution
and seal of the Parties.


 


15.2
This Agreement is made in English with 4 original copies.


 


Pledgee:


 


Beijing
Jiucheng Information Consulting Company


Legal
Representative: Xiangbin Meng


Company
Seal: (Seal) Beijing Jiucheng Information Consulting Company


 


Date:
08/01/2017


 


Pledgors:


 


Meng
Xiangbin (Signature): Xiangbin Meng


Date:
08/01/2017


 


Jiuyuan
Investment Company


Legal
Representative: Xiangbin Meng


Company
Seal: Jiuyuan Investment Company


 


Date:
08/01/2017


 






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Schedule:


 


1.
Register of Shareholders of the Company


 


 


9