EX-10.12





 Exhibit 10.12 

Exclusive Management and Business Cooperation Agreement 

This Exclusive Management Service Business Cooperation Agreement (“Agreement”) is entered into as of January 21, 2019, by and
among the following parties in Beijing, the People’s Republic of China (“PRC”): 
 Party A: Tianjin Wuba Daojia Information Technology
Co., Ltd., a wholly foreign-owned enterprise duly established and validly registered under the laws of the PRC, whose unified social credit code is 91120116MA06DHCM6C and whose registered address is Room 808, Jinzuo Plaza, No. 5, Meiyuan Road,
Binhai High-tech Zone, Tianjin. 
 Party B: Tianjin Haodaojia Information Technology Co., Ltd., a company with limited liabilities duly established and
validly registered under the laws of the PRC, whose unified social credit code is 91120116MA06DJ988B, and whose registered address is at Room 805, Jinzuo Plaza, No. 5, Meiyuan Road, Huayuan Industrial Zone, Binhai High-tech Zone, Tianjin. 

Subsidiaries of Party B: All entities invested, controlled (including control by contract) by Party B according to this Agreement from time to time (including
but not limited to any company, or relevant entity in which Party B holds, directly or indirectly, more than 50% equity interest). 
 Part C: 

Xiaohua Chen, P.R.C. citizen, Identity Number: [***]; 

Jinbo Yao, P.R.C. citizen, Identity Number: [***]. 

(Each of Party A, Party B and Party C, a “Party”, and collectively the “Parties”) 

WHEREAS, 
 (1) Party A is a wholly foreign-owned
enterprise duly registered and validly existing under the PRC laws, owning resources to provide computer software and hardware technology development, transfer, consulting, services; corporate management consulting; organizing cultural and artistic
exchange activities (except for performance intermediaries); conference services; marketing planning; business information consulting; design, production, agency, and publish advertisement; 

(2) Party B is a limited liability company duly registered and validly existing under the PRC laws, mainly engaging in Internet information
service; call center service; resident service industry; electronic information, computer software and hardware technology development, consulting, service, transfer; business service industry; general cargo road transportation; daily necessities
wholesale and retail; car rental and related information services; 












 (3) Party C is the shareholder of Party B and owns 100% of the equity interests of Party B;

 (4) Party A agrees to use its personnel, technology and information advantages to provide Party B with exclusive corporate management
consulting, intellectual property licensing, technical support and business support services, and Party B accepts relevant services provided by Party A. 

NOW THEREFORE, the Parties through amiable negotiations agree as follows: 

 

	1.	 Provision of Services 



 

	 	1.1	 In accordance with the terms and conditions herein, Party B and Party C appoint Party A as Party B’s
exclusive technical and service provider to provide full-scope corporate management consultant, intellectual property license, technical support and consultant services as provided in Appendix I. Party B is as Service Accepting
Party. 


 Party B shall determine the specific contents of services within the scope listed in Appendix
I with Party A or any entity designated by Party A based on the actual need in their business. Both parties confirm that the services provided by Party A is confined to the approved operation scope. In the event Party B requires Party A to
provide services beyond the approved operation scope, Party A is entitled to or designate a third party to expand Party A’s operation scope with accordance to PRC laws, and provide such services after approval. 

 

	 	1.2	 Party B and Party C further agree that during the effective period of this Agreement, Party B and Party C shall
not directly and indirectly obtain the same or similar exclusive technical and services as provided under this Agreement from any third party, or establish any similar business cooperative relation with any third party with respect to the matters
stipulated herein. 


  

	 	1.3	 To ensure the normal operation of the ordinary business of Party B, Party A may, but not obligated to, provide
guarantee for the performance of the agreements concluded by Party B with any third party with respect to the business of Party B. Party B and Party C hereby agree and confirm that if they need to provide any guarantee for the performance of any
agreement or loan by Party B in the operation process, it will ask Party A as its guarantor firstly. 


  

	2.	 Service Fee and Payment 



 

	 	2.1	 Party A can refer to the specific service content and service targets, and use Party B’s income and
customer volume in a specific period as a reference to determine the service price and appropriate payment method by itself. The calculation and payment of the service fee is stipulated in Appendix II of the Agreement. 















	 	2.2	 If Party A determines the fee calculation mechanism specified herein should no longer apply due to whatever
reason, Party A shall actively and faithfully render an adjustment scheme to determine a new fee standard or mechanism. If Service Accepting Party does not response within the 7-day period as mentioned above,
it shall be deemed as having accepted the adjustments proposed by Party A. 


  

	3.	 Intellectual Properties 



 

	 	3.1	 Party A shall solely and exclusively own any ownership, interest and right of the intellectual properties
produced by performance of this Agreement, including but not limited to copyrights, patents, claims of patent application and technical secrets, and without Party A’s consent, Party B and Party C enjoy no rights other than those provided
herein. Party B shall actively assist with Party A for all necessary method to cause Party A obtain such intellectual properties. For avoidance of any doubt, any intellectual property that is in the process of filing with governmental authorities or
owned by the Party B shall be transferred by the beneficial owner or the applicant of such intellectual property to Party A or its affiliate as required by Party A and Party B shall execute transfer agreement for such intellectual property except
the intellectual properties that are necessary for Party B or its Subsidiaries in ordinary business or shall be held by Party B according to relevant P.R.C. laws and regulations. 



 

	 	3.2	 However, if the development is based on the intellectual properties owned by Party B, such intellectual
properties should be flawless. Otherwise Party B shall bear all damages and losses caused to Party A by any flaw of such intellectual properties. If Party A is to bear any liabilities to any third party because of this, it has the right to recover
all of its losses from Party B. 


  

	 	3.3	 This Article 3 of this Agreement shall survive any modification, dissolution or termination of this Agreement.



  

	4.	 Exercise of Party A’s rights 



In view of Article 1 in this Agreement, in order to specify respective rights and obligations of each Party, to ensure Party A’s actual
performance in providing management services to Party B according to this Agreement, and to ensure the implement of business services between Party A, Party B and the payment of the amounts that shall be paid by Party B to Party A, Party B agree the
followings: 
  

	 	4.1	 Party A is entitled to provide suggestions and requirements with respect to Party B’s operation, financial
management and employment, and Party B shall strictly perform or abide by such suggestions or requirements. 















	 	4.2	 Party C and Party B will elect the person designated by Party A to be the director of Party B in accordance
with the procedures stipulated by laws, regulations and the company’s articles of association, cause such elected directors to elect the person recommended by Party B as the chairman of the board of directors , and appoint the persons
designated by Party A as senior managers of Party B, including but not limited to the manager, the chief financial officer, the responsible officers of each branch of business, financial managers, financial superintendents and accountants.



  

	 	4.3	 Party C, Party B shall dismiss any director and/or senior manager of Party B in accordance with the requirement
of Party A, and elect and engage others as Party A designates. 


  

	 	4.4	 On the purpose of Article 4.3, Party C and Party B shall conduct necessary internal and external procedures in
accordance with law, Articles of Association and this Agreement to complete such dismiss and engagement procedures. 


  

	 	4.5	 Party A is entitled to check accounts of Party B termly and momently. Party B shall keep accounts timely and
accurately, and provide accounts, audit reports, financial statements and any operation records, business contracts, financial materials as Party A requires. During the effective period of this Agreement, Party B shall assist Party A and any third
party designated by Party A to conduct audit (including but not limited to audit of affiliated transactions and any other audits), provide information and materials with respect to Party B’s operation, business, clients, finance and employees,
and permit Party A to disclose such information and materials for securities supervision. 


  

	 	4.6	 Party C hereby agrees that upon it executes this Agreement, it shall execute a Power of Attorney the form and
substance of which shall be satisfied by Party A, and shall comprehensively, appropriately, and completely perform the obligation under such Power of Attorney, including but not limited to unconditionally and irrevocably authorize Party A or the
party designated by Party A (“Trustee”, and Party C shall not be such Trustee) to exercise the rights of shareholders and/or board of Party B as Party C’s agent according to the Trustee’s own will. 



 

	 	4.7	 Party C confirms that upon it executes this Agreement, it has comprehensively and clearly understood Party B
and its Subsidiaries’ obligations hereunder, and that it is willing to pledge the equity interest of Party B it owns (collectively 100% equity interest of Party B) to Party A, as a security for the performance of the obligations of Party B
under this Agreement. Each Party will separately execute the agreements for equity interest pledge. 


  

	 	4.8	 Upon Party A’s requests in writing, Party B and Party C shall set all accounts receivable and/or other
legal assets which could be disposed as collaterals for the performance of obligations of service fee payment in Article 2.1 under this Agreement. During the effective period of this Agreement, Party B shall maintain completed licenses necessary for
its business operation and the right and capacity to conduct relevant business within Chinese territory. 















	 	4.9	 In the event Party B conducts the dissolution or the liquidation for whatever reasons, Party C and Party B
shall assign personnel recommended by Party A as liquidators permitted by PRC laws and regulations to manage the property of Party B. In the event Party B conducts the dissolution or the liquidation, no matter Article 4.9 can be enforced or not and
subject to the restriction under PRC law, Party C and Party B shall respectively deliver all the property obtained from the liquidation of Party B under PRC laws and regulations to Party A. 



 

	 	4.10	 Without Party A’ prior written consent, Party B shall not conduct any transaction that may have
substantial effect on the assets, obligations, rights or operation, including but not limited to the followings: 


  

	 	a)	 conducting any business beyond the scope of normal operation or in the way different from prior usual manners;



  

	 	b)	 raising a loan or undertaking any debts; 



 

	 	c)	 changing or removing any director or any senior manager; 



 

	 	d)	 selling, purchasing or disposing any asset or interest in any manner to any third, including but not limited to
intellectual properties; 


  

	 	e)	 setting corporate assets or intellectual properties as collaterals, providing warranties in any other ways, or
setting any other encumbrances on corporate properties for the debts not belonging to Party B; 


  

	 	f)	 modifying the Articles of Association or the scope of operation; 



 

	 	g)	 modifying corporate operation modes, business procedures or any significant internal regulations;



  

	 	h)	 making significant adjustment on business modes, marketing strategies, operation tactics or client
relationship; 


  

	 	i)	 distributing profits and dividend in any manner; 



 

	 	j)	 conducting liquidation and distributing residual properties; 



 

	 	k)	 transferring or assigning rights and obligations hereunder to any third party; 



 

	 	l)	 executing any agreement or enter into any arrangement colliding with or damages Party A’s rights and
interests in this Agreement with any third party; 


  

	 	m)	 engaging in any arrangement of contractual operation, leasing management, merger, division, join venture,
shareholding reform or other method to change the method of operation and equity structure, or sell, transfer, convert to equity interest and any other manners to dispose any or all asset or equity interest of Party B or its Subsidiaries.



 Furthermore, Party B and Party C shall cause Party B notify Party A timely when there is or may be any significant
adverse effect on business and operation of Party B and do their best to prevent the occurrence of such issues and/or the expansion of damages. 
  

	 	4.11	 Party B hereby grants to Party A an irrevocable and exclusive a Purchase Right which subject to the P.R.C. laws
allows Party A to purchase, at its option, any or all of the asset and business of Party B with the lowest price as permitted under P.R.C. laws. Parties shall execute the agreement for such transfer of assets and business and determined the terms
and conditions for such transfer of assets and business. 















	5.	 Term and Right of Termination 



 

	 	5.1	 The Agreement is executed and becomes effective as of the date stated above. 



 

	 	5.2	 Unless all Parties reach an agreement to terminate this Agreement earlier, the term of this Agreement shall be
effective during the business operation period of Party A, Party B. 


  

	 	5.3	 Party A shall have the option right to terminate this Agreement at any time. During the exercise of this
Agreement, Party A is entitled to terminate this Agreement with written notice at any time. 


  

	 	5.4	 Without Party A’s written consent, Party B and/or Party C have no right to terminate this Agreement.



  

	6.	 Representations and Warranties 



 

	 	6.1	 Party A represents and warrants to Party B and Subsidiaries of Party B as follows: 



 

	 	(1)	 Party A is a wholly foreign-owned enterprise duly registered and validly existing under the PRC laws, and has
the capacity to take responsibilities; 


  

	 	(2)	 Party A has the corporate power to execute and deliver this Agreement and perform the obligations under this
Agreement. Once this Agreement is executed, Party A assumes legal, effective and binding obligations and such obligations may be enforced compulsory according to this Agreement; 



 

	 	(3)	 Either the execution of this Agreement or the performance of obligations under this Agreement by Party A shall
not conflict with, breach or violate (i) any operation license of Party A or any article of Party A’s Articles of Association, (ii) any law, regulation, rule, authorities or approval of government authorities or departments applied to
Party A, or (iii) any article of contracts or agreements executed by Party A. 


  

	6.2	 Party B makes the following statements and warranties to Party A: 



 

	 	(1)	 Party B is limited liability companies duly registered and validly existing under the PRC laws, and have the
capacity to take responsibilities with their registered capital; 


  

	 	(2)	 Party B has the corporate power to execute and deliver this Agreement and perform the obligations under this
Agreement. Once this Agreement is executed, Party B assumes legal, effective and binding obligations and such obligations may be enforced compulsory according to this Agreement; 



 

	 	(3)	 Either the execution of this Agreement or the performance of obligations under this Agreement by Party B shall
not conflict with, breach or violate (i) any operation license of Party B or any article of Party B’s Articles of Association, (ii) any law, regulation, rule, authorities or approval of government authorities or departments applied to
Party B, or (iii) any article of contracts or agreements executed by Party B; 















	 	(4)	 Party B shall provide relevant information and documents to Party A as Party A requires, and arrange special
personnel to correspond and coordinate with Party A and provide assistance with research and collection of materials in Party B; 


  

	 	(5)	 If necessary, Party B shall provide requisite working facilities and conditions to Party A, and bear related
expanse and costs during the period that such personnel provide management service in Party B; 


  

	 	(6)	 Develop and operate cargo freight and relevant information service in effective, prudent and legal manners, and
maintain and renew in time requisite licenses and authorities of cargo freight and relevant information service under this Agreement provided by Party B to keep the effective and entire validity of such licenses and authorities; establish and
maintain an independent accounting for cargo freight and relevant information service; 


  

	 	(7)	 Provide Party A with any requisite technology or other materials deemed necessary by Party A, and provide Party
A with the access to requisite places and facilities for service under this Agreement.; 


  

	 	(8)	 Party B shall operate in accordance with relevant laws and regulations, conduct entire relevant procedure
necessary for operation, and provide duplicates of such licenses; 


  

	 	(9)	 Party B possesses all permissions, licenses, authorities, approvals and facilities, and guarantee such
permissions, licenses, authorities and approvals are continually effective and legitimate during the whole effective period of this Agreement; 


  

	 	(10)	 Pay the service fee to Party A on time. 



 

	7.	 Confidentiality 



 

	 	7.1	 This Agreement and all clauses hereof belong to confidential information and shall not be disclosed to any
third party except for relevant high-ranking officers, directors, employees, agents or professional consultants of such parties or affiliates who are relevant with the transaction contemplated under this Agreement and who are obligated to keep such
confidential information confidential. This clause shall not apply in the event parties hereto are required by relevant laws or regulations or relevant securities exchange institutions to disclose information or contents relating to this Agreement
to any governmental authorities, the public or the shareholders, or file this Agreement with relevant authorities for record. 


  

	 	7.2	 This clause shall survive any modification or termination of this Agreement. 



 

	8.	 Liabilities for Breach of Agreement 



 

	 	8.1	 In the event any Party failed to perform any of its obligations under this Agreement, or made any untrue or
inaccurate representation or warranty, such Party shall be liable for all the losses of other Parties for breach of the Agreement, or pay the penalties to the other Parties as agreed by the relevant Parties. 















	 	8.2	 In the event that Party B is deemed as breach of the Agreement in accordance with Article 8.1, Party B shall
compensate for entire loses, damages or responsibilities of Party A for the execution of this Agreement, including but not limited to damages and costs caused by any suits, claims of compensation, or other requests. 



 

	 	8.3	 This clause shall survive any modification or termination of this Agreement. 



 

	9.	 Force Majeure 



Force Majeure Event shall mean any objective circumstance, the occurrence of which is unforeseeable, unavoidable, uncontrollable and
insurmountable at the time of execution of this Agreement (including but not limited to earthquake, typhoon, flood, fire, strike, war, and rebellion). 

In the event the performance of the Agreement is influenced by any Force Majeure, the Party suffering Force Majeure shall (i) notify the
other parties by telegram, facsimile or other electronic means immediately after the occurrence of such Force Majeure and shall provide written documents evidencing the occurrence of such Force Majeure within fifteen (15) business days;
(ii) take all reasonable and viable manners to mitigate or remove the effect of force majeure, and continue its performance of the Agreement after such effect is mitigated or removed. 

 

	10.	 Assignment of this Agreement and the Change of Parties 



 

	 	10.1	 Without prior written consent of Party A, Party C and Party B shall not transfer, assign any right or
obligation under this Agreement to any third party, except that Party A acquires the equity interest of Party B directly or indirectly according to the Exclusive Option Agreement. 



 

	 	10.2	 Part B hereby agrees that Party A shall have right to transfer or assign any of its rights and obligations
without Party B’s prior consent by informing written notice to Party B at the transfer or assignment. 


  

	 	10.3	 Increase of Subsidiaries of Party B. If, at any time after the effective date of this agreement, any
institutions invested and controlled (including control through agreement arrangements) by Party B are added (including but not limited to companies, partnership enterprises and other organizational forms in which Party B directly or indirectly hold
more than 50% of the investment equity, hereinafter referred to as “Party B’s Subordinate Institutions”), Party B and Party C shall cause such new subsidiary to sign confirmation letter of which the format and contents of Right and
Obligation Assumption Letter listed in Appendix III or other legal documents permitted or required by the PRC laws to make such new subsidiary to enjoy and undertake all the rights and obligations under this Agreement as those of Subsidiaries of
Party B hereunder. As of the date of signature of such Right and Obligation Assumption Letter or other legal documents, the new subsidiary should be deemed as one party to this Agreement. Other Parties of the Agreement hereby agree with such
arrangements. 















	 	10.4	 Rights and obligations under this Agreement shall be legally binding upon assignees, successors of Parties
hereof, no matter such assignment of obligations and rights is caused by takeover, restructuring, success, assignment or any other reason. 


  

	 	10.5	 In the event that Party C no longer possesses any shares of Party B, Party C shall be deemed no longer as a
party of this Agreement. In the event that any other third party becomes a shareholder of Party B, Party B and founding shareholder shall take effort to cause this third party executing relevant legal documents and becoming one of Party C of this
Agreement. 


  

	11.	 Miscellaneous 



 

	 	11.1	 This Agreement and any related matters shall be governed by and construed in accordance with the PRC laws. All
disputes arising out of or in connection with this Agreement shall be conciliated friendly by and between the Parties. When the disputes could not be solved by conciliation, such disputes may be submitted to China International Economic and Trade
Arbitration Commission and be finally settled under the Rules of Arbitration of the China International Economic and Trade Arbitration Commission by arbitrators appointed in accordance with rules then effective of such arbitration commission. The
arbitration ruling shall be final. The language used in arbitration shall be in Chinese. The place of arbitration shall be in Beijing. The Parties hereto shall continue to perform its obligations and exercise its rights hereunder except for those in
dispute. The validity of this Article 11.1 shall not be influenced by the modification, rescission and termination of this Agreement. 


  

	 	11.2	 This agreement becomes effective when it is signed on the date indicated at the beginning of the text.



  

	 	11.3	 This Agreement shall be performed within the scope stipulated by laws. In the event any article or any part of
an article is deemed as illegal, invalid or unenforceable by any competent authority or court, such illegality, invalidity or unenforceability shall not affect other articles of this Agreement or other part of this article, and other articles of
this Agreement or other part of this article shall be still effective. For the original articles’ purpose, Parties shall do their best effort to modify such illegal, invalid or unenforceable articles. 















	 	11.4	 Appendixes constitute an integral part of this Agreement and have the same legal effect as other parts of this
Agreement. 


  

	 	11.5	 The Agreement is executed in five (5) counterparts, Party A and Party B hold one copy, and both Party C
each hold one copy. 


 (There is no text in the remaining page.) 












 [THE SIGNATURE PAGE OF THE EXCLUSIVE MANAGEMENT SERVICE AND BUSINESS COOPERATION AGREEMENT] 

 

			
	Party A (Offical Seal):
	
	 /s/ Tianjin Wuba Daojia Information Technology Co., Ltd.

	Tianjin Wuba Daojia Information Technology Co., Ltd.


			
		
	Legal Representative (Signature):	 	 /s/ Xiangfei Jia



 

			
	Party B (Official Seal):
	
	 /s/ Tianjin Haodaojia Information Technology Co., Ltd.

	Tianjin Haodaojia Information Technology Co., Ltd.


			
		
	Legal Representative (Signature):	 	 /s/ Xiangfei Jia



			
	
	 /s/ Tianjin Haodaojia Life Service Co., Ltd.

	Tianjin Haodaojia Life Service Co., Ltd.


			
		
	Legal Representative (Signature):	 	 /s/ Xiangfei Jia



 

			
	Party C (Signature):
	
	 /s/ Xiaohua Chen

	Xiaohua Chen
	
	 /s/ Jinbo Yao

	Jinbo Yao













 Appendix I: Contents of Service 

 

	(1)	 Providing opinions and advises for the assets, business operation and negotiation, execution and performance of
material contracts; 


  

	(2)	 Providing services for proposing middle or short term development of market, market planning;



  

	(3)	 Providing service of market research, study and consulting service; 



 

	(4)	 Providing the opinions and advises for handling the creditor rights and debts; 



 

	(5)	 Providing the opinions and advices for merger and acquisition; 



 

	(6)	 Providing services for human resources management, occupation and
pre-occupation skills training for employees; 


  

	(7)	 Licensing of intellectual properties (if there is) such as software, trademark, domain name, technology
secrets, etc., 


  

	(8)	 Providing services for developing and supporting Information Service Software; 



 

	(9)	 Providing services of technology development, technology transfer, and technology consulting;



  

	(10)	 Providing services for management and maintenance for the human resources information management system,
payment management information system, internal informatization management system and other management system; 


  

	(11)	 Providing services for developing, upgrading of network and the ordinary maintenance, supervision, adjustment
and trouble removal of computer network equipment; 


  

	(12)	 Providing technology consultation and solution for the questions about network facilities, technology products
and software; 


  

	(13)	 Providing services for public relationship; 



 

	(14)	 Providing daily maintenance services for office equipment; 



 

	(15)	 Providing services for seeking and electing appropriate third-party service providers for Service Accepting
Party; 


  

	(16)	 Providing third-party service providers for the Service Accepting Party in ordinary management;



  

	(17)	 Providing consulting service regarding the overseas market for Service Accepting Party; and/or



  

	(18)	 Other services determined from time to time by Party A and the Service Accepting Party according to the need of
business and capacity of provision of services. 














 Appendix II: Calculation and Payment of the Service Fee 

 

	1.	 The Fee for the services provided under this Agreement is calculated as the balance of general income deducting
costs, taxes and other reserved fees stipulated by laws and regulations, the sum of Fee shall be determined by Party A in its discretion taking account of the following factors: 



 

	 	(1)	 The technical difficulty and complexity of the services; 



 

	 	(2)	 The resources spending by Party A and the time spent by employs of Party A concerning the services;



  

	 	(3)	 The contents and commercial value of the services; 



 

	 	(4)	 The benchmark price of similar services in the market; 



 

	 	(5)	 The operation performance of Service Accepting Party. 



 

	2.	 Party A will calculate the fee payable on a fixed term (determined by Party A and Service Accepting Party shall
agree such decision) basis and send Service Accepting Party the bill of service fee for the previous term. Service Accepting Party shall pay the fee to the bank account designated by Party A within 10 business days after receipt of the bill, and
send copy of the remittance certificate by facsimile or mail to Party A within 10 business days after payment. 


  

	3.	 In addition to the service fee, Service Accepting Party shall bear any and all reasonable cost, advance payment
and out-of-pocket expense in any kind (“Expense”) for Party A resulted from or relevant to the performing or providing services and shall reimburse Party A all
Expenses. 


  

	4.	 Service Accepting Party shall pay to the Party A the service fees and shall reimburse all Expenses according to
this Agreement and its supplemental agreements executed from time to time. Party A shall provide to the Service Accepting Party all the official receipts of the service fees and Expense in time. All payment made by Service Accepting Party to Party A
shall pay via method of remittance or other methods as agreed by both Parties to the bank account designated by Party A. Both Parties Agreed that Party A may change the direction of payment from time to time by deliver notice to Service Accepting
Party. 














 Appendix III: Right and Obligation Assumption Letter 

This entity,                    , is the subsidiary of
Tianjin Haodaojia Information Technology Co., Ltd. (“Haodaojia”), established and registered on                      (date). The Haodaojia
possesses     % of this entity’s share. 
 In accordance with Exclusive Management Service and Business Cooperation
Agreement (“Agreement”) entered into by and between Tianjin Haodaojia Information Technology Co., Ltd., Tianjin Wuba Daojia Information Technology Co., Ltd. and other relevant parties, this entity shall join the Agreement according to
Article 10.3 of the Agreement as the new subsidiary of Party B under this Agreement. 
 This entity agrees to join the Agreement as a new Subsidiary of the
Haodaojia, enjoy rights under the Agreement, and perform obligations according to the Agreement. This Assumption Letter came into effect upon the date of execution. 

 

			
	[                    ] (Official Seal)
	Signature of Legal Representative:	 	  

	Date: