Exhibit 4.35


 





Loan Agreement


 


This Loan Agreement
(this "Agreement") is made and entered into by and between the Parties below as of August 6, 2015
in Beijing, China:


 


		(1)	Beijing
                                         Yangguang Gudi Science Development Co., Ltd. (“Lender”),
                                         a wholly foreign owned enterprise, organized and existing under the laws of the PRC,
                                         with its address at Room 1811, 18/F, Building No.2, #1 Shangdi 10th Avenue, Haidian District,
                                         Beijing, PRC; 



 


		(2)	58 Co., Ltd., a limited liability
                                         company organized and existing under the laws of the PRC, with its address at Room 210-03,
                                         Office Building, Nangang Industry Zone, Economic and Technological Development District,
                                         Tianjin, PRC.. 



 


Each of the Lender and the Borrower shall
be hereinafter referred to as a "Party" respectively, and as the "Parties" collectively.


 


Whereas: 


 


		1.	Borrower
                                         intends to invest an amount being RMB18,967,742 to subscribing for 49.00% of equity interests
                                         in Beijing Shan Jing Ke Chuang Network Technology Co., Ltd. (“Borrower
                                         Company”). All
                                         of the equity interest hereafter acquired by Borrower in Borrower Company shall be referred
                                         to as Borrower Equity Interest; 



 


		2.	Lender confirms that it agrees to provide Borrower with a
                                         loan with a principal amount of RMB18,967,742 to be used for the purposes set forth under
                                         this Agreement. 



 


After friendly consultation, the Parties agree as
follows:


 




    1 


     


    

 


		1.	Loan 



 


		1.1	In accordance
                                         with the terms and conditions of this Agreement, Lender agrees to provide an interest-free
                                         loan in the amount of RMB18,967,742 (the "Loan") to Borrower. The term of the
                                         Loan shall be 10 years from the date of this Agreement, which may be extended upon mutual
                                         written consent of the Parties. During the term of the Loan or the extended term of the
                                         Loan, Borrower shall immediately repay the full amount of the Loan in the event any one
                                         or more of the following circumstances occur:



 


		1.1.1	30 days elapse after Borrower receives a written notice
                                         from Lender requesting repayment of the Loan;



 


		1.1.2	Borrower's death, lack or limitation of civil capacity;



 


		1.1.3	Borrower
                                         ceases (for any reason) to be an employee of Lender, Borrower Company or their affiliates;
                                         



 


		1.1.4	Borrower engages in criminal act or is involved in criminal
                                         activities;



 


		1.1.5	Any third party filed a claim against Borrower that exceeds
                                         RMB500,000; or



 


		1.1.6	According to the applicable
                                         laws of China, foreign investors are permitted to invest in the business of Borrower
                                         Company in China with a controlling stake or in the form of wholly-foreign-owned enterprises,
                                         the relevant competent authorities of China begin to approve such investments, and Lender
                                         exercises the exclusive option under the Exclusive Option Agreement (as defined below)
                                         described in this Agreement.



 




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		1.2	Lender agrees to remit the total
                                         amount of the Loan to the account designated by Borrower within 90 days after receiving
                                         a written notification from the Borrower regarding the same, provided that all the conditions
                                         precedent in Section 2 are fulfilled. Borrower shall provide Lender with a written receipt
                                         for the Loan upon receiving the Loan. The Loan provided by Lender under this Agreement
                                         shall inure to Borrower's benefit only and not to Borrower's successors or assigns.



 


		1.3	Borrower
                                         agrees to accept the aforementioned Loan provided by Lender, and hereby agrees and warrants
                                         to use the Loan to provide registered capital to the Borrower Company, a domestic-funded
                                         limited liability company to be established in Beijing, China, carrying out value-added
                                         telecommunication services. Borrower therefore shall be Borrower Company's shareholder
                                         and shall own 49% of the equity interests in Borrower Company. Borrower agrees to complete
                                         the investment into Borrower Company in accordance with the articles of association and
                                         hold the Borrower Equity Interest within 60 days following the date of the receipt of
                                         the Loan and provide Lender, or any person designated by the Lender, with all of the
                                         duplicates of the registration documents at the government department for industry and
                                         commerce, the business licenses, and articles of association. Without Lender's prior
                                         written consent, Borrower shall not use the Loan for any purpose other than as set forth
                                         herein. 



 


		1.4	Lender
                                         and Borrower hereby agree and acknowledge that Borrower's method of repayment shall be
                                         at the sole discretion of Lender, and may at Lender's option take the form of Borrower's
                                         transferring the Borrower Equity Interest in whole to Lender or Lender's designated persons
                                         (legal or natural persons) pursuant to the Lender's exercise of its right to acquire
                                         the Borrower Equity Interest under the Exclusive Option Agreement. 



  




    3 


     


    

 


		1.5	Lender
                                         and Borrower hereby agree and acknowledge that any proceeds from the transfer of the
                                         Borrower Equity Interest (to the extent permissible) shall be used to repay the Loan
                                         to Lender, in accordance with this Agreement and in the manner designated by Lender.
                                         



 


		1.6	Lender
                                         and Borrower hereby agree and acknowledge that to the extent permitted by applicable
                                         laws, Lender shall have the right but not the obligation to purchase or designate other
                                         persons (legal or natural persons) to purchase Borrower Equity Interest in part or in
                                         whole at any time, at the price stipulated in the Exclusive Option Agreement. 



 


		1.7	Borrower also undertakes to execute
                                         an irrevocable Power of Attorney (the "Power of Attorney"), which authorizes
                                         Lender or a legal or natural person designated by Lender to exercise all of Borrower's
                                         rights as a shareholder of Borrower Company.



 


		2.	Conditions Precedent 



 


The obligation of Lender to
provide the Loan to Borrower contemplated in Section 1.1 shall be subject to the satisfaction of the following conditions, unless
waived in writing by Lender.


 


		2.1	Lender receives the written notification for drawdown under
                                         the Loan sent by Borrower according to Section 1.2.



 


		2.2	All the representations and warranties by Borrower in Section
                                         3.2 are true, complete, correct and not misleading.



 


		2.3	Borrower has not violated the covenants in Section 4 of this
                                         Agreement, and no event which may affect Borrower's performance of its obligations under
                                         this Agreement has occurred or is expected to occur.



 




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		3.	Representations and Warranties



 


		3.1	Between the
                                         date of this Agreement and the date of termination of this Agreement, Lender hereby makes
                                         the following representations and warranties to Borrower:



 


		3.1.1	Lender is
                                         a corporation duly organized and legally existing in accordance with the laws of China;



 


		3.1.2	Lender has the legal capacity to execute and perform this
                                         Agreement. The execution and performance by Lender of this Agreement is consistent with
                                         Lender's scope of business and the provisions of Lender's corporate bylaws and other
                                         organizational documents, and Lender has obtained all necessary and proper approvals
                                         and authorizations for the execution and performance of this Agreement; and



 


		3.1.3	This Agreement constitutes Lender's legal, valid and binding
                                         obligations enforceable in accordance with its terms.



 


		3.2	Between the date of this Agreement and the date of termination
                                         of this Agreement, Borrower hereby makes the following representations and warranties:



 


		3.2.1	Borrower has the legal capacity to execute and perform this
                                         Agreement. Borrower has obtained all necessary and proper approvals and authorizations
                                         for the execution and performance of this Agreement;



 


		3.2.2	This Agreement constitutes Borrower's legal, valid and binding
                                         obligations enforceable in accordance with its terms; and



 




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		3.2.3	There are
                                         no disputes, litigations, arbitrations, administrative proceedings or any other legal
                                         proceedings relating to Borrower, nor are there any potential disputes, litigations,
                                         arbitrations, administrative proceedings or any other legal proceedings relating to Borrower.



 


		4.	Borrower's Covenants



 


		4.1	As and when he becomes, and for
                                         so long as he remains a shareholder of Borrower Company, Borrower covenants irrevocably
                                         that during the term of this Agreement, Borrower shall cause Borrower Company:



 


		4.1.1	as
                                         soon as practicable after the date of this Agreement, to execute a Exclusive Option Agreement
                                         with Borrower and Lender, under which Borrower shall irrevocably grant Lender an exclusive
                                         option to purchase all of the Borrower Equity Interest (the “Exclusive
                                         Option Agreement”);
                                         to comply with certain Exclusive Technical Consulting and Services Agreement ("Exclusive
                                         Technical Consulting and Services Agreement") dated January 18, 2012 between the
                                         Borrower Company and Lender, as amended, under which Lender, as an exclusive service
                                         provider, agrees to provide Borrower Company with technical service and business consulting
                                         service; 



 


		4.1.2	to strictly abide by the provisions
                                         of the Exclusive Option Agreement and the Exclusive Technical Consulting and Services
                                         Agreement, and to refrain from any action/omission that may affect the effectiveness
                                         and enforceability of the Exclusive Option Agreement and the Exclusive Technical Consulting
                                         and Services Agreement;



 




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		4.1.3	at the request of Lender (or
                                         a party designated by Lender), to execute contracts/agreements on business cooperation
                                         with Lender (or a party designated by Lender), and to strictly abide by such contracts/agreements;



 


		4.1.4	to provide Lender with all of
                                         the information on Borrower Company's business operations and financial condition at
                                         Lender's request;



 


		4.1.5	to
                                         immediately notify Lender of the occurrence or possible occurrence of any litigation,
                                         arbitration or administrative proceedings relating to Borrower Company's assets, business
                                         or income; 



 


		4.1.6	at the request of Lender, to
                                         appoint any persons designated by Lender as directors of Borrower Company;



 


		4.2	Borrower covenants
                                         that during the term of this Agreement, he shall:



 


		4.2.1	ensure
                                         that the registered capital of Borrower Company be paid up and registered in accordance
                                         with the articles of association; Borrower Company shall be a limited liability company
                                         without foreign investment, in which Borrower shall hold 49% of the equity interests;
                                         



 


		4.2.2	pay the capital contribution in full corresponding to the
                                         Borrower Equity Interest in accordance with the laws of China, and provide Lender with
                                         a capital contribution verification report regarding paid-in capital contributions from
                                         a qualified accounting firm;



  




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		4.2.3	endeavor to cause Borrower Company to engage in value-aded
                                         telecommunication services; the specific business scope shall be subject to the business
                                         license of Borrower Company; Borrower shall cause Borrower Company to complete all the
                                         government approvals, authorizations, licensing, registration and filling required for
                                         engaging in the businesses within the scope of its business license and for owning its
                                         assets pursuant to the laws of China; Borrower shall provide Lender with the said governmental
                                         approvals documents for verification. Endeavor to complete the registration of the paid-in
                                         registered capital after his drawing of the Loan, and shall provide Lender with all of
                                         the duplicates of the registration documents at the government department for industry
                                         and commerce, business licenses, and articles of association, and shall not change the
                                         business operation of Borrower Company without Lender's prior written consent;



 


		4.2.4	execute an irrevocable Power of Attorney, which authorizes
                                         the Lender or a legal or natural person designated by Lender to exercise all of Borrower's
                                         rights as a shareholder in Borrower Company, and refrain from exercising any such shareholder
                                         rights except to the extent required under this Agreement or the Equity Interest Pledge
                                         Agreement (defined as below) or as requested by Lender;



 


		4.2.5	execute the Exclusive Option Agreement with Lender and Borrower
                                         Company, under which Borrower shall irrevocably grant to Lender an exclusive option to
                                         purchase all of the Borrower Equity Interest;



 


		4.2.6	execute an Equity Interest Pledge Agreement (the "Equity
                                         Interest Pledge Agreement") with Borrower Company and Lender, under which Borrower
                                         shall pledge the Borrower Equity Interest to Lender;



 




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		4.2.7	enter into the aforementioned
                                         Power of Attorney, Exclusive Option Agreement and Equity Interest Pledge Agreement on
                                         the date of issuance of the business license of Borrower Company, and complete all the
                                         related governmental approvals, registrations or fillings (as applicable);



 


		4.2.8	abide by the provisions of this
                                         Agreement, the Power of Attorney, the Equity Interest Pledge Agreement and the Exclusive
                                         Option Agreement, perform his obligations under this Agreement, the Power of Attorney,
                                         the Equity Interest Pledge Agreement and the Exclusive Option Agreement, and refrain
                                         from any action/omission that may affect the effectiveness and enforceability of this
                                         Agreement, the Power of Attorney, the Equity Interest Pledge Agreement and the Exclusive
                                         Option Agreement;



 


		4.2.9	not sell, transfer, mortgage
                                         or dispose of in any other manner the legal or beneficial interest in Borrower Equity
                                         Interest, or allow the encumbrance thereon of any security interest or the encumbrance,
                                         except in accordance with the Equity Interest Pledge Agreement;



 


		4.2.10	cause any shareholders' meeting
                                         and/or the board of directors of Borrower Company not to approve the sale, transfer,
                                         mortgage or disposition in any other manner of any legal or beneficial interest in Borrower
                                         Equity Interest, or allow the encumbrance thereon of any security interest, except to
                                         Lender or Lender's designated person;



 


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



 




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		4.2.12	immediately notify Lender of
                                         the occurrence or possible occurrence of any litigation, arbitration or administrative
                                         proceedings relating to Borrower Equity Interest;



 


		4.2.13	to the extent necessary to
                                         maintain his ownership of the Borrower Equity Interest, execute all necessary or appropriate
                                         documents, take all necessary or appropriate actions and file all necessary or appropriate
                                         complaints or raise necessary and appropriate defense against all claims;



 


		4.2.14	without the prior written consent
                                         of Lender, refrain from any action / omission that may have a material impact on the
                                         assets, business and liabilities of Borrower Company;



 


		4.2.15	appoint
                                         any designee of Lender as director of Borrower Company, at the request of Lender; 



 


		4.2.16	to the extent permitted by
                                         the laws of China, at the request of Lender at any time, promptly and unconditionally
                                         transfer all of Borrower Equity Interest to Lender or Lender's designated representative(s)
                                         at any time, and cause the other shareholders of Borrower Company to waive their right
                                         of first refusal with respect to the share transfer described in this Section;



 


		4.2.17	to
                                         the extent permitted by the laws of China, at the request of Lender at any time, cause
                                         the other shareholders of Borrower Company to promptly and unconditionally transfer all
                                         of their equity interests to Lender or Lender's designated representative(s) at any time,
                                         and Borrower hereby waives his right of first refusal (if any) with respect to the share
                                         transfer described in this Section; 



  




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		4.2.18	in the event that Lender purchases
                                         Borrower Equity Interest from Borrower in accordance with the provisions of the Exclusive
                                         Option Agreement, use such purchase price obtained thereby to repay the Loan to Lender;
                                         and



 


		4.2.19	without
                                         the prior written consent of Lender, not to cause Borrower Company to supplement, change,
                                         or amend its articles of association in any manner, increase or decreases its registered
                                         capital or change its share capital structure in any manner. 



 


		5.	Liability for Default 



 


		5.1	In the event
                                         either Party breaches this Agreement or otherwise causes the non-performance of this
                                         Agreement in part or in whole, the Party shall be liable for such breach and shall compensate
                                         all damages (including litigation and attorneys fees) resulting therefrom. In the event
                                         that both Parties breach this Agreement, each Party shall be liable for its respective
                                         breach.



 


		5.2	In
                                         the event that Borrower fails to perform the repayment obligations set forth in this
                                         Agreement, Borrower shall pay overdue interest of 0.01% per day for the outstanding payment,
                                         until the day Borrower repays the full principal of the Loan, overdue interests and other
                                         payable amounts.



 




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		6.	Notices 



 


		6.1	All notices and other communications
                                         required or permitted to be given pursuant to this Agreement shall be delivered personally
                                         or sent by registered mail, postage prepaid, by a commercial courier service or by facsimile
                                         transmission to the address of such Party set forth below. A confirmation copy of each
                                         notice shall also be sent by email. The dates on which notices shall be deemed to have
                                         been effectively given shall be determined as follows:



 


		6.1.1	Notices given by personal delivery, by courier service or
                                         by registered mail, postage prepaid, shall be deemed effectively given on the date of
                                         delivery.



 


		6.1.2	Notices
                                         given by facsimile transmission shall be deemed effectively given on the date of successful
                                         transmission (as evidenced by an automatically generated confirmation of transmission).
                                         



 


		6.2	For the purpose
                                         of notices, the addresses of the Parties are as follows:



 


	Lender:	Beijing Yangguang Gudi
    Science Development Co., Ltd.
	Address:	Tower E, North America International Business
    Center,
	 	#Yi108, Beiyuan Road, Chaoyang District, Beijing
	Attn:	Jinbo Yao
	Phone:	+8610 64435588-8888
	Facsimile:	+8610-64459926
	 	 
	Borrower:	58 Co., Ltd.
	Address:	Tower E, North America International Business
    Center,
	 	#Yi108, Beiyuan Road, Chaoyang District, Beijing
	Phone:	+8610 64435588-8888
	Facsimile:	+8610-64459926


 




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		6.3	Any Party may
                                         at any time change its address for notices by a notice delivered to the other Party in
                                         accordance with the terms hereof.



 


		7.	Confidentiality 



 


The
Parties acknowledge that the existence and the terms of this Agreement and any oral or written information exchanged between the
Parties in connection with the preparation and performance this Agreement are regarded as confidential information. Each Party
shall maintain confidentiality of all such confidential information, and without obtaining the written consent of the other Party,
it shall not disclose any relevant confidential information to any third parties, except for the information that: (a) is or will
be in the public domain (other than through the receiving Party’s
unauthorized disclosure); (b) is under the obligation to be disclosed pursuant to the applicable laws or regulations, rules of
any stock exchange, or orders of the court or other government authorities; or (c) is required to be disclosed by any Party to
its shareholders, investors, legal counsels or financial advisors regarding the transaction contemplated hereunder, provided that
such shareholders, investors, legal counsels or financial advisors shall be bound by the confidentiality obligations similar to
those set forth in this Section. Disclosure of any confidential information by the staff members or agencies hired by any Party
shall be deemed disclosure of such confidential information by such Party, which Party shall be held liable for breach of this
Agreement. This Section shall survive the termination of this Agreement for any reason. 


 


		8.	Governing Law and Resolution of Disputes 



 


		8.1	The execution, effectiveness,
                                         construction, performance, amendment and termination of this Agreement and the resolution
                                         of disputes shall be governed by the laws of China.



  




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		8.2	In the event of any dispute with
                                         respect to the construction and performance of this Agreement, the Parties shall first
                                         resolve the dispute through friendly negotiations. In the event the Parties fail to reach
                                         an agreement on the dispute within 30 days after either Party's request to the other
                                         Party for resolution of the dispute through negotiations, either Party may submit the
                                         relevant dispute to the China International Economic and Trade Arbitration Commission
                                         for arbitration, in accordance with its then effective arbitration rules. The arbitration
                                         shall be conducted in Beijing, and the language used in arbitration shall be Chinese.
                                         The arbitration award shall be final and binding on all Parties.



 


		8.3	Upon the occurrence
                                         of any disputes arising from the construction and performance of this Agreement or during
                                         the pending arbitration of any dispute, except for the matters under dispute, the Parties
                                         to this Agreement shall continue to exercise their respective rights under this Agreement
                                         and perform their respective obligations under this Agreement.



 


		9.	Miscellaneous 



 


		9.1	This Agreement shall become effective
                                         on the date thereof, and shall expire upon the date of full performance by the Parties
                                         of their respective obligations under this Agreement.



 


		9.2	This Agreement shall be written
                                         in both Chinese and English language in two copies, each Party having one copy with equal
                                         legal validity. In case there is any conflict between the Chinese version and the English
                                         version, the Chinese version shall prevail.



 


		9.3	This Agreement may be amended
                                         or supplemented through written agreement by and between Lender and Borrower. Such written
                                         amendment agreement and/or supplementary agreement executed by and between Lender and
                                         Borrower are an integral part of this Agreement, and shall have the same legal validity
                                         as this Agreement.



  




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		9.4	In the event that one or several
                                         of the provisions of this Agreement are found to be invalid, illegal or unenforceable
                                         in any aspect in accordance with any laws or regulations, the validity, legality or enforceability
                                         of the remaining provisions of this Agreement shall not be affected or compromised in
                                         any respect. The Parties shall strive in good faith to replace such invalid, illegal
                                         or unenforceable provisions with effective provisions that accomplish to the greatest
                                         extent permitted by law the intentions of the Parties, and the economic effect of such
                                         effective provisions shall be as close as possible to the economic effect of those invalid,
                                         illegal or unenforceable provisions.



 


		9.5	The
                                         attachments (if any) to this Agreement shall be an integral part of this Agreement and
                                         shall have the same legal validity as this Agreement. 



 




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IN
WITNESS WHEREOF, the Parties have caused their authorized representatives to execute this Loan Agreement as of the date first
above written.


 


	Lender:	Beijing Yangguang Gudi Science Development Co., Ltd.	 
	 	 	 
	By:	/s/ Haoyong Yang	 
	Name:	Haoyong Yang	 
	Title:	Legal Representative	 


 


Borrower:
58 Co. Ltd.


 


	By:	/s/ Jinbo Yao	 
	Name:	Jinbo Yao	 
	Title:	Legal Representative	 


 


Signature page to Loan Agreeement


 




     


     


    

  


Loan Agreement



 


This
Loan Agreement (this “Agreement”)
is made and entered into by and between the Parties below as of August 6, 2015 in Beijing, China: 


 


		(1)	Beijing
                                         Yangguang Gudi Science Development Co., Ltd. (“Lender”),
                                         a wholly foreign owned enterprise, organized and existing under the laws of the PRC,
                                         with its address at Room 1811, 18/F, Building No.2, #1 Shangdi 10th Avenue, Haidian District,
                                         Beijing, PRC; 



 


		(2)	Yang
                                         Liu (“Borrower”),
                                         a citizen of China with Chinese Identification No.:                   . 



 


Each
of the Lender and the Borrower shall be hereinafter referred to as a “Party”
respectively, and as the “Parties”
collectively. 


 


Whereas: 


 


		1.	As
                                         of the date hereof, Borrower holds 30.69% of equity interests in Beijing Shanjing Ke
                                         Chuang Network Technology Co., Ltd. (“Borrower
                                         Company”). All
                                         of the equity interest now held and hereafter acquired by Borrower in Borrower Company
                                         shall be referred to as Borrower Equity Interest; 



 


		2.	Lender confirms that it agrees
                                         to provide Borrower with and Borrow confirms that he/she has received a loan which equals
                                         to RMB11,880,000 to be used for the purposes set forth under this Agreement.



 


After friendly consultation,
the Parties agree as follows:




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		1	Loan



 


		1.1	In
                                         accordance with the terms and conditions of this Agreement, Lender and Borrower hereby
                                         acknowledge that Borrower has obtained from Lender a loan in the amount of RMB11,880,000
                                         (the “Loan”).
                                         The term of the Loan shall be 10 years from the effective date of this Agreement, which
                                         may be extended upon mutual written consent of the Parties. During the term of the Loan
                                         or the extended term of the Loan, Borrower shall immediately repay the full amount of
                                         the Loan in the event any one or more of the following circumstances occur:



 


		1.1.1	30
                                         days elapse after Borrower receives a written notice from Lender requesting repayment
                                         of the Loan; 



 


		1.1.2	Borrower’s
                                         death, lack or limitation of civil capacity; 



 


		1.1.3	Borrower
                                         ceases (for any reason) to be an employee of Lender, Borrower Company or their affiliates;
                                         



 


		1.1.4	Borrower
                                         engages in criminal act or is involved in criminal activities; 



 


		1.1.5	According
                                         to the applicable laws of China, foreign investors are permitted to invest in the Principle
                                         Business that is currently conducted by Borrower Company in China with a controlling
                                         stake and/or in the form of wholly-foreign-owned enterprises, the relevant competent
                                         authorities of China begin to approve such investments, and Lender exercises the exclusive
                                         option under the Exclusive Option Agreement (the “Exclusive
                                         Option Agreement”)
                                         described in this Agreement. 





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		1.2	The
                                         Loan provided by Lender under this Agreement shall inure to Borrower’s
                                         benefit only and not to Borrower’s
                                         successors or assigns. 



 


		1.3	Borrower
                                         agrees to accept the aforementioned Loan provided by Lender, and hereby agrees and warrants
                                         using the Loan to increase the registered capital of Borrower Company. Without Lender’s
                                         prior written consent, Borrower shall not use the Loan for any purpose other than as
                                         set forth herein. 



 


		1.4	Lender
                                         and Borrower hereby agree and acknowledge that Borrower’s
                                         method of repayment shall be at the sole discretion of Lender, and may at Lender’s
                                         option take the form of Borrower’s
                                         transferring the Borrower Equity Interest in whole to Lender or Lender’s
                                         designated persons (legal or natural persons) pursuant to the Lender’s
                                         exercise of its right to acquire the Borrower Equity Interest under the Exclusive Option
                                         Agreement. 



 


		1.5	Lender
                                         and Borrower hereby agree and acknowledge that any proceeds from the transfer of the
                                         Borrower Equity Interest (to the extent permissible) shall be used to repay the Loan
                                         to Lender, in accordance with this Agreement and in the manner designated by Lender.
                                         



 


		1.6	Lender
                                         and Borrower hereby agree and acknowledge that to the extent permitted by applicable
                                         laws, Lender shall have the right but not the obligation to purchase or designate other
                                         persons (legal or natural persons) to purchase Borrower Equity Interest in part or in
                                         whole at any time, at the price stipulated in the Exclusive Option Agreement. 



 


		1.7	Borrower also undertakes to execute
                                         an irrevocable Power of Attorney (the “Power
                                         of Attorney”),
                                         which authorizes Lender or a legal or natural person designated by Lender to exercise
                                         all of Borrower’s
                                         rights as a shareholder of Borrower Company. 









 




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		1.8	When
                                         Borrower transfers Borrower Equity Interest to Lender or Lender’s
                                         designated person(s), in the event that the transfer price of such equity interest equals
                                         or is lower than the principal of the Loan under this Agreement, the Loan under this
                                         Agreement shall be deemed an interest-free loan. In the event that the transfer price
                                         of such equity interest exceeds the principal of the Loan under this Agreement, the excess
                                         over the principal shall be deemed the interest of the Loan under this Agreement payable
                                         by Borrower to Lender. 



 


		2	Representations and Warranties 



 


		2.1	Between
                                         the date of this Agreement and the date of termination of this Agreement, Lender hereby
                                         makes the following representations and warranties to Borrower: 



 


		2.1.1	Lender
                                         is a corporation duly organized and legally existing in accordance with the laws of China;
                                         



 


		2.1.2	Lender
                                         has the legal capacity to execute and perform this Agreement. The execution and performance
                                         by Lender of this Agreement is consistent with Lender’s
                                         scope of business and the provisions of Lender’s
                                         corporate bylaws and other organizational documents, and Lender has obtained all necessary
                                         and proper approvals and authorizations for the execution and performance of this Agreement;
                                         and 



 


		2.1.3	This
                                         Agreement constitutes Lender’s
                                         legal, valid and binding obligations enforceable in accordance with its terms. 



 


		2.2	Between
                                         the date of this Agreement and the date of termination of this Agreement, Borrower hereby
                                         makes the following representations and warranties: 






 




    4 


     


    

  


		2.2.1	Borrower has
                                         the legal capacity to execute and perform this Agreement. Borrower has obtained all necessary
                                         and proper approvals and authorizations for the execution and performance of this Agreement;



 


		2.2.2	This
                                         Agreement constitutes Borrower’s
                                         legal, valid and binding obligations enforceable in accordance with its terms; and



 


		2.2.3	There are
                                         no disputes, litigations, arbitrations, administrative proceedings or any other legal
                                         proceedings relating to Borrower, nor are there any potential disputes, litigations,
                                         arbitrations, administrative proceedings or any other legal proceedings relating to Borrower.



 


		3	Borrower’s
                                         Covenants 



 


		3.1	As and when he becomes, and for so long as he remains a shareholder
                                         of Borrower Company, Borrower covenants irrevocably that during the term of this Agreement,
                                         Borrower shall cause Borrower Company:



 


		3.1.1	to strictly abide by the provisions
                                         of the Exclusive Option Agreement and the Exclusive Technology Consultant and Services
                                         Agreement to which the Borrower Company is a party, and to refrain from any action/omission
                                         that may affect the effectiveness and enforceability of the Exclusive Option Agreement
                                         and Exclusive Technology Consultant and Services Agreement.



 


		3.1.2	at the request of Lender (or
                                         a party designated by Lender), to execute contracts/agreements on business cooperation
                                         with Lender (or a party designated by Lender), and to strictly abide by such contracts/agreements;



 




    5 


     


    

  


		3.1.3	to
                                         provide Lender with all of the information on Borrower Company’s
                                         business operations and financial condition at Lender’s
                                         request; 



 


		3.1.4	to immediately notify Lender
                                         of the occurrence or possible occurrence of any litigation, arbitration or administrative
                                         proceedings relating to Borrower Company's assets, business or income;



 


		3.1.5	at
                                         the request of Lender, to appoint any persons designated by Lender as directors of Borrower
                                         Company; 



 


		3.2	Borrower covenants that during the term of this Agreement,
                                         he shall:



 


		3.2.1	endeavor
                                         to keep Borrower Company to engage in its Principle Businesses; 



 


		3.2.2	abide by the provisions of this
                                         Agreement, the Power of Attorney, the Equity Interest Pledge Agreementand the Exclusive
                                         Option Agreement to which the Borrower is a party, perform his obligations under this
                                         Agreement, the Power of Attorney, the Equity Interest Pledge Agreement and the Exclusive
                                         Option Agreement, and refrain from any action/omission that may affect the effectiveness
                                         and enforceability of this Agreement, the Power of Attorney, the Equity Interest Pledge
                                         Agreement and the Exclusive Option Agreement;



 


		3.2.3	not
                                         sell, transfer, mortgage or dispose of in any other manner the legal or beneficial interest
                                         in Borrower Equity Interest, or allow the encumbrance thereon of any security interest
                                         or the encumbrance, except in accordance with the Equity Interest Pledge Agreement; 



  




    6 


     


    

  


		3.2.4	cause
                                         any shareholders’
                                         meeting and/or the board of directors of Borrower Company not to approve the sale, transfer,
                                         mortgage or disposition in any other manner of any legal or beneficial interest in Borrower
                                         Equity Interest, or allow the encumbrance thereon of any security interest, except to
                                         Lender or Lender’s
                                         designated person; 



 


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



 


		3.2.6	immediately
                                         notify Lender of the occurrence or possible occurrence of any litigation, arbitration
                                         or administrative proceedings relating to Borrower Equity Interest;



 


		3.2.7	to
                                         the extent necessary to maintain his ownership of the Borrower Equity Interest, execute
                                         all necessary or appropriate documents, take all necessary or appropriate actions and
                                         file all necessary or appropriate complaints or raise necessary and appropriate defense
                                         against all claims; 



 


		3.2.8	without the
                                         prior written consent of Lender, refrain from any action /omission that may have a material
                                         impact on the assets, business and liabilities of Borrower Company;



 


		3.2.9	appoint
                                         any designee of Lender as director of Borrower Company, at the request of Lender; 



 




    7 


     


    

  


		3.2.10	to
                                         the extent permitted by the laws of China, at the request of Lender at any time, promptly
                                         and unconditionally transfer all of Borrower Equity Interest to Lender or Lender’s
                                         designated representative(s) at any time, and cause the other shareholders of Borrower
                                         Company to waive their right of first refusal with respect to the share transfer described
                                         in this Section; 



 


		3.2.11	to
                                         the extent permitted by the laws of China, at the request of Lender at any time, cause
                                         the other shareholders of Borrower Company to promptly and unconditionally transfer all
                                         of their equity interests to Lender or Lender’s
                                         designated representative(s) at any time, and Borrower hereby waives his right of first
                                         refusal (if any) with respect to the share transfer described in this Section; 



 


		3.2.12	in
                                         the event that Lender purchases Borrower Equity Interest from Borrower in accordance
                                         with the provisions of the Exclusive Option Agreement, use such purchase price obtained
                                         thereby to repay the Loan to Lender; and 



 


		3.2.13	without
                                         the prior written consent of Lender, not to cause Borrower Company to supplement, change,
                                         or amend its articles of association in any manner, increase or decreases its registered
                                         capital or change its share capital structure in any manner. 



 


		4	Liability
                                         for Default



 


		4.1	If Borrower
                                         conducts any material breach of any term of this Agreement, Lender shall have right to
                                         terminate this Agreement and require the Borrower to compensate all damages; this Section
                                         4.1 shall not prejudice any other rights of Lender herein.



  




    8 


     


    

  


		4.2	If
                                         Lender conducts any breach of any term of this Agreement, Borrower shall not terminate
                                         this Agreement in any event unless otherwise required by applicable laws.



 


		4.3	In
                                         the event that Borrower fails to perform the repayment obligations set forth in this
                                         Agreement, Borrower shall pay overdue interest of 0.01% per day for the outstanding payment,
                                         until the day Borrower repays the full principal of the Loan, overdue interests and other
                                         payable amounts.



 


		5	Notices



 


		5.1	All notices and other communications
                                         required or permitted to be given pursuant to this Agreement shall be delivered personally
                                         or sent by registered mail, postage prepaid, by a commercial courier service or by facsimile
                                         transmission to the address of such Party set forth below. A confirmation copy of each
                                         notice shall also be sent by email. The dates on which notices shall be deemed to have
                                         been effectively given shall be determined as follows:



 


		5.1.1	Notices given
                                         by personal delivery, by courier service or by registered mail, postage prepaid, shall
                                         be deemed effectively given on the date of delivery.



 


		5.1.2	Notices given by facsimile transmission
                                         shall be deemed effectively given on the date of successful transmission (as evidenced
                                         by an automatically generated confirmation of transmission).



 


		5.2	For
the purpose of notices, the addresses of the Parties are as follows:







  




    9 


     


    

 


	Lender:	Beijing Yangguang Gudi
    Science Development Co., Ltd. 
	Address:	Tower E, North America International Business
    Center, #Yi108, 
	 	Beiyuan Road, Chaoyang District,
    Beijing
	Attn:	Jinbo Yao 
	Phone:	+8610 64435588-8888  
	Facsimile: 	+8610-64459926


 


	Borrower:	Yang Liu 
	Address:	 
	Phone:	 
	Facsimile:	 


 


		5.3	Any Party may at any time change its address for notices
by a notice delivered to the other Party in accordance with the terms hereof.



 


		6	Confidentiality



 


The Parties acknowledge that
any oral or written information exchanged among them with respect to this Agreement is confidential information. The Parties shall
maintain the confidentiality of all such information, and without the written consent of other Party, either Party shall not disclose
any relevant information to any third party, except in the following circumstances: (a) such information is or will be in the
public domain (provided that this is not the result of a public disclosure by the receiving party); (b) information disclosed
as required by applicable laws or rules or regulations of any stock exchange; or (c) information required to be disclosed by any
Party to its legal counsel or financial advisor regarding the transaction contemplated hereunder, and such legal counsel or financial
advisor are also bound by confidentiality duties similar to the duties in this section. Disclosure of any confidential information
by the staff members or agency hired by any Party shall be deemed disclosure of such confidential information by such Party, which
Party shall be held liable for breach of this Agreement. This section shall survive the termination of this Agreement for any
reason.


 




    10 


     


    

  


		7	Governing
                                         Law and Resolution of Disputes



 


		7.1	The
                                         execution, effectiveness, construction, performance, amendment and termination of this
                                         Agreement and the resolution of disputes shall be governed by the laws of China.



 


		7.2	In
                                         the event of any dispute with respect to the construction and performance of this Agreement,
                                         the Parties shall first resolve the dispute through friendly negotiations. In the event
                                         the Parties fail to reach an agreement on the dispute within 30 days after either Party’s
                                         request to the other Party for resolution of the dispute through negotiations, either
                                         Party may submit the relevant dispute to the China International Economic and Trade Arbitration
                                         Commission for arbitration, in accordance with its then effective arbitration rules.
                                         The arbitration shall be conducted in Beijing, and the language used in arbitration shall
                                         be Chinese. The arbitration award shall be final and binding on all Parties. 



 


		7.3	Upon
                                         the occurrence of any disputes arising from the construction and performance of this
                                         Agreement or during the pending arbitration of any dispute, except for the matters under
                                         dispute, the Parties to this Agreement shall continue to exercise their respective rights
                                         under this Agreement and perform their respective obligations under this Agreement. 



 


		8	Miscellaneous



 


		8.1	This Agreement should become
                                         effective upon execution by the Parties , and shall expire upon the date of full performance
                                         by the Parties of their respective obligations under this Agreement.



 




    11 


     


    

  


		8.2	This Agreement shall be written in both Chinese and English
                                         language in two copies, each Party having one copy with equal legal validity. In case
                                         there is any conflict between the Chinese version and the English version, the Chinese
                                         version shall apply.



 


		8.3	This Agreement may be amended
                                         or supplemented through written agreement by and between Lender and Borrower. Such written
                                         amendment agreement and/or supplementary agreement executed by and between Lender and
                                         Borrower are an integral part of this Agreement, and shall have the same legal validity
                                         as this Agreement.



 


		8.4	In the event that one or several
                                         of the provisions of this Agreement are found to be invalid, illegal or unenforceable
                                         in any aspect in accordance with any laws or regulations, the validity, legality or enforceability
                                         of the remaining provisions of this Agreement shall not be affected or compromised in
                                         any respect. The Parties shall strive in good faith to replace such invalid, illegal
                                         or unenforceable provisions with effective provisions that accomplish to the greatest
                                         extent permitted by law the intentions of the Parties, and the economic effect of such
                                         effective provisions shall be as close as possible to the economic effect of those invalid,
                                         illegal or unenforceable provisions.



 


		8.5	The attachments (if any) to this Agreement shall be an integral
                                         part of this Agreement and shall have the same legal validity as this Agreement.



 


		8.6	Any obligations that occur or
                                         that are due as a result of this Agreement upon the expiration or early termination of
                                         this Agreement shall survive the expiration or early termination thereof. The provisions
                                         of Sections 4, 6, 7 and this Section 8.6 shall survive the termination of this Agreement.



  




    12 


     


    

  


IN
WITNESS WHEREOF, the Parties have caused their authorized representatives to execute this Loan Agreement as of the date firs above
written.


 


	Lender:	Beijing
    Yangguang Gudi Science Development Co., Ltd.
	 	 	 
	By:	/s/
    Haoyong Yang	 
	Name:	Haoyong
    Yang	 
	Title:	Legal
    Representative	 


 


	Borrower: 	Yang Liu	 
	 	 
	By:	/s/ Yang Liu	 


 




     


     


    



 





Loan Agreement 


 


This Loan Agreement (this "Agreement")
is made and entered into by and between the Parties below as of August 6, 2015 in Beijing, China:


 


		(1)	Beijing Yangguang Gudi Science Development Co., Ltd. (“Lender”), a wholly foreign owned enterprise, organized
and existing under the laws of the PRC, with its address at Room 1811, 18/F, Building No.2, #1 Shangdi 10th Avenue, Haidian District,
Beijing, PRC;



 


		(2)	Chunyan Guo (“Borrower”), a citizen of China with Chinese Identification No.:                   .



 


Each of the Lender and the Borrower shall
be hereinafter referred to as a "Party" respectively, and as the "Parties" collectively.


 


Whereas: 


 


		1.	Borrower intends to invest an amount being RMB7,741,935 to subscribing for 20.00% of equity interests in Beijing Shan Jing
Ke Chuang Network Technology Co., Ltd. (“Borrower Company”). All of the equity interest hereafter acquired by Borrower
in Borrower Company shall be referred to as Borrower Equity Interest;



 


		2.	Lender confirms that it agrees to provide Borrower with a loan with a principal amount of RMB7,741,935 to be used for the purposes
set forth under this Agreement. 



 


After friendly consultation, the Parties agree as follows:


 




    1 


     


    

  


		1.	Loan 



 


		1.1	In accordance with the terms and conditions of this Agreement,
Lender agrees to provide an interest-free loan in the amount of RMB7,741,935 (the "Loan") to Borrower. The term of the
Loan shall be 10 years from the date of this Agreement, which may be extended upon mutual written consent of the Parties. During
the term of the Loan or the extended term of the Loan, Borrower shall immediately repay the full amount of the Loan in the event
any one or more of the following circumstances occur:



 


		1.1.1	30 days elapse after Borrower receives a written notice
from Lender requesting repayment of the Loan;



 


		1.1.2	Borrower's death, lack or limitation of civil capacity;



 


		1.1.3	Borrower ceases (for any reason) to be an employee of Lender,
Borrower Company or their affiliates;



 


		1.1.4	Borrower engages in criminal act or is involved in criminal
activities;



 


		1.1.5	Any third party filed a claim against Borrower that exceeds
RMB500,000; or



 


		1.1.6	According to the applicable laws of China, foreign investors
are permitted to invest in the business of Borrower Company in China with a controlling stake or in the form of wholly-foreign-owned
enterprises, the relevant competent authorities of China begin to approve such investments, and Lender exercises the exclusive
option under the Exclusive Option Agreement (as defined below) described in this Agreement.



 




    2 


     


    

 


		1.2	Lender agrees to remit the total amount of the Loan to
the account designated by Borrower within 90 days after receiving a written notification from the Borrower regarding the same,
provided that all the conditions precedent in Section 2 are fulfilled. Borrower shall provide Lender with a written receipt for
the Loan upon receiving the Loan. The Loan provided by Lender under this Agreement shall inure to Borrower's benefit only and
not to Borrower's successors or assigns.



 


		1.3	Borrower agrees to accept the aforementioned Loan provided
by Lender, and hereby agrees and warrants to use the Loan to provide registered capital to the Borrower Company, a domestic-funded
limited liability company to be established in Beijing, China, carrying out value-added telecommunication services. Borrower therefore
shall be Borrower Company's shareholder and shall own 20.00% of the equity interests in Borrower Company. Borrower agrees to complete
the investment into Borrower Company in accordance with the articles of association and hold the Borrower Equity Interest within
60 days following the date of the receipt of the Loan and provide Lender, or any person designated by the Lender, with all of
the duplicates of the registration documents at the government department for industry and commerce, the business licenses, and
articles of association. Without Lender's prior written consent, Borrower shall not use the Loan for any purpose other than as
set forth herein.



 


		1.4	Lender and Borrower hereby agree and acknowledge that Borrower's
method of repayment shall be at the sole discretion of Lender, and may at Lender's option take the form of Borrower's transferring
the Borrower Equity Interest in whole to Lender or Lender's designated persons (legal or natural persons) pursuant to the Lender's
exercise of its right to acquire the Borrower Equity Interest under the Exclusive Option Agreement.



 




    3 


     


    

  


		1.5	Lender and Borrower hereby agree and acknowledge that any
proceeds from the transfer of the Borrower Equity Interest (to the extent permissible) shall be used to repay the Loan to Lender,
in accordance with this Agreement and in the manner designated by Lender.


 


		1.6	Lender and Borrower hereby agree and acknowledge that to
the extent permitted by applicable laws, Lender shall have the right but not the obligation to purchase or designate other persons
(legal or natural persons) to purchase Borrower Equity Interest in part or in whole at any time, at the price stipulated in the
Exclusive Option Agreement.



 


		1.7	Borrower also undertakes to execute an irrevocable Power
of Attorney (the "Power of Attorney"), which authorizes Lender or a legal or natural person designated by Lender to
exercise all of Borrower's rights as a shareholder of Borrower Company.



 


		2.	Conditions Precedent 



 


The obligation of Lender to
provide the Loan to Borrower contemplated in Section 1.1 shall be subject to the satisfaction of the following conditions, unless
waived in writing by Lender.


 


		2.1	Lender receives the written notification for drawdown under
the Loan sent by Borrower according to Section 1.2.



 


		2.2	All the representations and warranties by Borrower in Section
3.2 are true, complete, correct and not misleading.



 


		2.3	Borrower has not violated the covenants in Section 4 of
this Agreement, and no event which may affect Borrower's performance of its obligations under this Agreement has occurred or is
expected to occur.



 




    4 


     


    




 





		3.	Representations and Warranties



 


		3.1	Between the date of this Agreement and the date of termination
of this Agreement, Lender hereby makes the following representations and warranties to Borrower:



 


		3.1.1	Lender is a corporation duly organized and legally existing
in accordance with the laws of China;



 


		3.1.2	Lender has the legal capacity to execute and perform this
Agreement. The execution and performance by Lender of this Agreement is consistent with Lender's scope of business and the provisions
of Lender's corporate bylaws and other organizational documents, and Lender has obtained all necessary and proper approvals and
authorizations for the execution and performance of this Agreement; and



 


		3.1.3	This Agreement constitutes Lender's legal, valid and binding
obligations enforceable in accordance with its terms.



 


		3.2	Between the date of this Agreement and the date of termination
of this Agreement, Borrower hereby makes the following representations and warranties:



 


		3.2.1	Borrower has the legal capacity to execute and perform
this Agreement. Borrower has obtained all necessary and proper approvals and authorizations for the execution and performance
of this Agreement;



 


		3.2.2	This Agreement constitutes Borrower's legal, valid and
binding obligations enforceable in accordance with its terms; and



 






    5 


     


    

 


		3.2.3	There are no disputes, litigations, arbitrations, administrative
proceedings or any other legal proceedings relating to Borrower, nor are there any potential disputes, litigations, arbitrations,
administrative proceedings or any other legal proceedings relating to Borrower.



 


		4.	Borrower's Covenants



 


		4.1	As and when he becomes, and for so long as he remains a
shareholder of Borrower Company, Borrower covenants irrevocably that during the term of this Agreement, Borrower shall cause Borrower
Company:



 


		4.1.1	as soon as practicable after the date of this Agreement,
to execute a Exclusive Option Agreement with Borrower and Lender, under which Borrower shall irrevocably grant Lender an exclusive
option to purchase all of the Borrower Equity Interest (the “Exclusive Option Agreement”); to comply with certain
Exclusive Technical Consulting and Services Agreement ("Exclusive Technical Consulting and Services Agreement") dated
January 18, 2012 between the Borrower Company and Lender, as amended, under which Lender, as an exclusive service provider, agrees
to provide Borrower Company with technical service and business consulting service;



 


		4.1.2	to strictly abide by the provisions of the Exclusive Option
Agreement and the Exclusive Technical Consulting and Services Agreement, and to refrain from any action/omission that may affect
the effectiveness and enforceability of the Exclusive Option Agreement and the Exclusive Technical Consulting and Services Agreement;



 




    6 


     


    

  


		4.1.3	at the request of Lender (or a party designated by Lender),
to execute contracts/agreements on business cooperation with Lender (or a party designated by Lender), and to strictly abide by
such contracts/agreements;



 


		4.1.4	to provide Lender with all of the information on Borrower
Company's business operations and financial condition at Lender's request;



 


		4.1.5	to immediately notify Lender of the occurrence or possible
occurrence of any litigation, arbitration or administrative proceedings relating to Borrower Company's assets, business or income;



 


		4.1.6	at the request of Lender, to appoint any persons designated
by Lender as directors of Borrower Company;



 


		4.2	Borrower covenants that during the term of this Agreement,
he shall:



 


		4.2.1	ensure that the registered capital of Borrower Company
be paid up and registered in accordance with the articles of association; Borrower Company shall be a limited liability company
without foreign investment, in which Borrower shall hold 20.00% of the equity interests;



 


		4.2.2	pay the capital contribution in full corresponding to the
Borrower Equity Interest in accordance with the laws of China, and provide Lender with a capital contribution verification report
regarding paid-in capital contributions from a qualified accounting firm;



 


		4.2.3	endeavor to cause Borrower Company to engage in value-aded
telecommunication services; the specific business scope shall be subject to the business license of Borrower Company; Borrower
shall cause Borrower Company to complete all the government approvals, authorizations, licensing, registration and filling required
for engaging in the businesses within the scope of its business license and for owning its assets pursuant to the laws of China;
Borrower shall provide Lender with the said governmental approvals documents for verification. Endeavor to complete the registration
of the paid-in registered capital after his drawing of the Loan, and shall provide Lender with all of the duplicates of the registration
documents at the government department for industry and commerce, business licenses, and articles of association, and shall not
change the business operation of Borrower Company without Lender's prior written consent;



 




    7 


     


    

  


		4.2.4	execute an irrevocable Power of Attorney, which authorizes
the Lender or a legal or natural person designated by Lender to exercise all of Borrower's rights as a shareholder in Borrower
Company, and refrain from exercising any such shareholder rights except to the extent required under this Agreement or the Equity
Interest Pledge Agreement (defined as below) or as requested by Lender;



 


		4.2.5	execute the Exclusive Option Agreement with Lender and
Borrower Company, under which Borrower shall irrevocably grant to Lender an exclusive option to purchase all of the Borrower Equity
Interest;



 


		4.2.6	execute an Equity Interest Pledge Agreement (the "Equity
Interest Pledge Agreement") with Borrower Company and Lender, under which Borrower shall pledge the Borrower Equity Interest
to Lender;



 


		4.2.7	enter into the aforementioned Power of Attorney, Exclusive
Option Agreement and Equity Interest Pledge Agreement on the date of issuance of the business license of Borrower Company, and
complete all the related governmental approvals, registrations or fillings (as applicable);



 






    8 


     


    

 


		4.2.8	abide by the provisions of this Agreement, the Power of
Attorney, the Equity Interest Pledge Agreement and the Exclusive Option Agreement, perform his obligations under this Agreement,
the Power of Attorney, the Equity Interest Pledge Agreement and the Exclusive Option Agreement, and refrain from any action/omission
that may affect the effectiveness and enforceability of this Agreement, the Power of Attorney, the Equity Interest Pledge Agreement
and the Exclusive Option Agreement;



 


		4.2.9	not sell, transfer, mortgage or dispose of in any other
manner the legal or beneficial interest in Borrower Equity Interest, or allow the encumbrance thereon of any security interest
or the encumbrance, except in accordance with the Equity Interest Pledge Agreement;



 


		4.2.10	cause any shareholders' meeting and/or the board of directors
of Borrower Company not to approve the sale, transfer, mortgage or disposition in any other manner of any legal or beneficial
interest in Borrower Equity Interest, or allow the encumbrance thereon of any security interest, except to Lender or Lender's
designated person;



 


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



 




    9 


     


    

  


		4.2.12	immediately notify Lender of the occurrence or possible
occurrence of any litigation, arbitration or administrative proceedings relating to Borrower Equity Interest;



 


		4.2.13	to the extent necessary to maintain his ownership of the
Borrower Equity Interest, execute all necessary or appropriate documents, take all necessary or appropriate actions and file all
necessary or appropriate complaints or raise necessary and appropriate defense against all claims;



 


		4.2.14	without the prior written consent of Lender, refrain from
any action / omission that may have a material impact on the assets, business and liabilities of Borrower Company;



 


		4.2.15	appoint any designee of Lender as director of Borrower
Company, at the request of Lender;



 


		4.2.16	to the extent permitted by the laws of China, at the request
of Lender at any time, promptly and unconditionally transfer all of Borrower Equity Interest to Lender or Lender's designated
representative(s) at any time, and cause the other shareholders of Borrower Company to waive their right of first refusal with
respect to the share transfer described in this Section;



 


		4.2.17	to the extent permitted by the laws of China, at the request
of Lender at any time, cause the other shareholders of Borrower Company to promptly and unconditionally transfer all of their
equity interests to Lender or Lender's designated representative(s) at any time, and Borrower hereby waives his right of first
refusal (if any) with respect to the share transfer described in this Section;



 




    10 


     


    

  


		4.2.18	in the event that Lender purchases Borrower Equity Interest
from Borrower in accordance with the provisions of the Exclusive Option Agreement, use such purchase price obtained thereby to
repay the Loan to Lender; and



 


		4.2.19	without the prior written consent of Lender, not to cause
Borrower Company to supplement, change, or amend its articles of association in any manner, increase or decreases its registered
capital or change its share capital structure in any manner.



 


		5.	Liability for Default



 


		5.1	In the event either Party breaches this Agreement or otherwise
causes the non-performance of this Agreement in part or in whole, the Party shall be liable for such breach and shall compensate
all damages (including litigation and attorneys fees) resulting therefrom. In the event that both Parties breach this Agreement,
each Party shall be liable for its respective breach.



 


		5.2	In the event that Borrower fails to perform the repayment
obligations set forth in this Agreement, Borrower shall pay overdue interest of 0.01% per day for the outstanding payment, until
the day Borrower repays the full principal of the Loan, overdue interests and other payable amounts.



 


		6.	Notices



 


		6.1	All notices and other communications required or permitted
to be given pursuant to this Agreement shall be delivered personally or sent by registered mail, postage prepaid, by a commercial
courier service or by facsimile transmission to the address of such Party set forth below. A confirmation copy of each notice
shall also be sent by email. The dates on which notices shall be deemed to have been effectively given shall be determined as
follows:



 




    11 


     


    

  


		6.1.1	Notices given by personal delivery, by courier service
or by registered mail, postage prepaid, shall be deemed effectively given on the date of delivery.



 


		6.1.2	Notices given by facsimile transmission shall be deemed
effectively given on the date of successful transmission (as evidenced by an automatically generated confirmation of transmission).



 


		6.2	For the purpose of notices, the addresses of the Parties
are as follows:



 


	Lender:	Beijing Yangguang Gudi
    Science Development Co., Ltd.
	Address:	Tower E, North America International Business
    Center, #Yi108, Beiyuan Road, Chaoyang District, Beijing
	Attn:	Jinbo Yao
	Phone:	+8610 64435588-8888
	Facsimile:	+8610-64459926
	 	 
	Borrower:	Chunyan Guo
	Address:	Tower E, North America International Business
    Center, #Yi108, Beiyuan Road, Chaoyang District, Beijing
	Phone:	+8610 64435588-8888
	Facsimile:	+8610-64459926


 


		6.3	Any Party may at any time change its address for notices
by a notice delivered to the other Party in accordance with the terms hereof.



 




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		7.	Confidentiality



 


The Parties acknowledge that
the existence and the terms of this Agreement and any oral or written information exchanged between the Parties in connection with
the preparation and performance this Agreement are regarded as confidential information. Each Party shall maintain confidentiality
of all such confidential information, and without obtaining the written consent of the other Party, it shall not disclose any relevant
confidential information to any third parties, except for the information that: (a) is or will be in the public domain (other than
through the receiving Party’s unauthorized disclosure); (b) is under the obligation to be disclosed pursuant to the applicable
laws or regulations, rules of any stock exchange, or orders of the court or other government authorities; or (c) is required to
be disclosed by any Party to its shareholders, investors, legal counsels or financial advisors regarding the transaction contemplated
hereunder, provided that such shareholders, investors, legal counsels or financial advisors shall be bound by the confidentiality
obligations similar to those set forth in this Section. Disclosure of any confidential information by the staff members or agencies
hired by any Party shall be deemed disclosure of such confidential information by such Party, which Party shall be held liable
for breach of this Agreement. This Section shall survive the termination of this Agreement for any reason.


 


		8.	Governing Law and Resolution of Disputes



 


		8.1	The execution, effectiveness, construction, performance,
amendment and termination of this Agreement and the resolution of disputes shall be governed by the laws of China.



 


		8.2	In the event of any dispute with respect to the construction
and performance of this Agreement, the Parties shall first resolve the dispute through friendly negotiations. In the event the
Parties fail to reach an agreement on the dispute within 30 days after either Party's request to the other Party for resolution
of the dispute through negotiations, either Party may submit the relevant dispute to the China International Economic and Trade
Arbitration Commission for arbitration, in accordance with its then effective arbitration rules. The arbitration shall be conducted
in Beijing, and the language used in arbitration shall be Chinese. The arbitration award shall be final and binding on all Parties.



 






    13 


     


    

 


		8.3	Upon the occurrence of any disputes arising from the construction
and performance of this Agreement or during the pending arbitration of any dispute, except for the matters under dispute, the
Parties to this Agreement shall continue to exercise their respective rights under this Agreement and perform their respective
obligations under this Agreement.



 


		9.	Miscellaneous



 


		9.1	This Agreement shall become effective on the date thereof,
and shall expire upon the date of full performance by the Parties of their respective obligations under this Agreement.



 


		9.2	This Agreement shall be written in both Chinese and English
language in two copies, each Party having one copy with equal legal validity. In case there is any conflict between the Chinese
version and the English version, the Chinese version shall prevail.



 


		9.3	This Agreement may be amended or supplemented through written
agreement by and between Lender and Borrower. Such written amendment agreement and/or supplementary agreement executed by and
between Lender and Borrower are an integral part of this Agreement, and shall have the same legal validity as this Agreement.



 




    14 


     


    

  


		9.4	In the event that one or several of the provisions of this
Agreement are found to be invalid, illegal or unenforceable in any aspect in accordance with any laws or regulations, the validity,
legality or enforceability of the remaining provisions of this Agreement shall not be affected or compromised in any respect.
The Parties shall strive in good faith to replace such invalid, illegal or unenforceable provisions with effective provisions
that accomplish to the greatest extent permitted by law the intentions of the Parties, and the economic effect of such effective
provisions shall be as close as possible to the economic effect of those invalid, illegal or unenforceable provisions.



 


		9.5	The attachments (if any) to this Agreement shall be an
integral part of this Agreement and shall have the same legal validity as this Agreement.



 




    15 


     


    

  


IN WITNESS WHEREOF, the Parties
have caused their authorized representatives to execute this Loan Agreement as of the date first above written.


 


	Lender:	Beijing Yangguang Gudi Science Development Co.,
    Ltd.	 
	 	 	 
	By:	/s/ Haoyong Yang	 
	Name:	Haoyong Yang	 
	Title:	Legal Representative	 
	 	 	 
	Borrower: 	Chunyan Guo	 
	 	 	 
	By:	/s/ Chunyan Guo	 



 


Signature Page to Loan Agreement


 



     


     


    

  


 


Loan Agreement


 


This Loan Agreement (this “Agreement”)
is made and entered into by and between the Parties below as of August 6, 2015 in Beijing, China:


 


		(1)	Beijing Yangguang Gudi Science Development Co., Ltd.
(“Lender”), a wholly foreign owned enterprise, organized and existing under the laws of the PRC, with its address
at Room 1811, 18/F, Building No.2, #1 Shangdi 10th Avenue, Haidian District, Beijing, PRC;



 


		(2)	Haoyong Yang (“Borrower”), a citizen
of China with Chinese Identification No.:                   .



 


Each of the Lender and the Borrower shall
be hereinafter referred to as a “Party” respectively, and as the “Parties” collectively.


 


Whereas: 


 


		1.	As of the date hereof, Borrower holds 0.31% of equity interests in Beijing Shanjing Ke Chuang Network Technology Co., Ltd.
(“Borrower Company”). All of the equity interest now held and hereafter acquired by Borrower in Borrower Company shall
be referred to as Borrower Equity Interest;



 


		2.	Lender confirms that it agrees to provide Borrower with and Borrow confirms that he/she has received a loan which equals to
RMB120,000 to be used for the purposes set forth under this Agreement.



 


After friendly consultation, the Parties agree as follows:


 




    1 


     


    

  


		1	Loan



 


		1.1	In accordance with the terms and conditions of this Agreement,
Lender and Borrower hereby acknowledge that Borrower has obtained from Lender a loan in the amount of RMB120,000 (the “Loan”).
The term of the Loan shall be 10 years from the effective date of this Agreement, which may be extended upon mutual written consent
of the Parties. During the term of the Loan or the extended term of the Loan, Borrower shall immediately repay the full amount
of the Loan in the event any one or more of the following circumstances occur:



 


		1.1.1	30 days elapse after Borrower receives a written notice
from Lender requesting repayment of the Loan;



 


		1.1.2	Borrower’s death, lack or limitation of civil capacity;



 


		1.1.3	Borrower ceases (for any reason) to be an employee of Lender,
Borrower Company or their affiliates;



 


		1.1.4	Borrower engages in criminal act or is involved in criminal
activities;



 


		1.1.5	According to the applicable laws of China, foreign investors
are permitted to invest in the Principle Business that is currently conducted by Borrower Company in China with a controlling
stake and/or in the form of wholly-foreign-owned enterprises, the relevant competent authorities of China begin to approve such
investments, and Lender exercises the exclusive option under the Exclusive Option Agreement (the “Exclusive Option Agreement”)
described in this Agreement.



 




    2 


     


    

  


		1.2	The Loan provided by Lender under this Agreement shall
inure to Borrower’s benefit only and not to Borrower’s successors or assigns.



 


		1.3	Borrower agrees to accept the aforementioned Loan provided
by Lender, and hereby agrees and warrants using the Loan to increase the registered capital of Borrower Company. Without Lender’s
prior written consent, Borrower shall not use the Loan for any purpose other than as set forth herein.



 


		1.4	Lender and Borrower hereby agree and acknowledge that Borrower’s
method of repayment shall be at the sole discretion of Lender, and may at Lender’s option take the form of Borrower’s
transferring the Borrower Equity Interest in whole to Lender or Lender’s designated persons (legal or natural persons) pursuant
to the Lender’s exercise of its right to acquire the Borrower Equity Interest under the Exclusive Option Agreement.



 


		1.5	Lender and Borrower hereby agree and acknowledge that any
proceeds from the transfer of the Borrower Equity Interest (to the extent permissible) shall be used to repay the Loan to Lender,
in accordance with this Agreement and in the manner designated by Lender.



 


		1.6	Lender and Borrower hereby agree and acknowledge that to
the extent permitted by applicable laws, Lender shall have the right but not the obligation to purchase or designate other persons
(legal or natural persons) to purchase Borrower Equity Interest in part or in whole at any time, at the price stipulated in the
Exclusive Option Agreement.



 


		1.7	Borrower also undertakes to execute an irrevocable Power
of Attorney (the “Power of Attorney”), which authorizes Lender or a legal or natural person designated by Lender to
exercise all of Borrower’s rights as a shareholder of Borrower Company.



 




    3 


     


    

  


		1.8	When Borrower transfers Borrower Equity Interest to Lender
or Lender’s designated person(s), in the event that the transfer price of such equity interest equals or is lower than the
principal of the Loan under this Agreement, the Loan under this Agreement shall be deemed an interest-free loan. In the event
that the transfer price of such equity interest exceeds the principal of the Loan under this Agreement, the excess over the principal
shall be deemed the interest of the Loan under this Agreement payable by Borrower to Lender.



 


		2	Representations and Warranties



 


		2.1	Between the date of this Agreement and the date of termination
of this Agreement, Lender hereby makes the following representations and warranties to Borrower:



 


		2.1.1	Lender is a corporation duly organized and legally existing
in accordance with the laws of China;



 


		2.1.2	Lender has the legal capacity to execute and perform this
Agreement. The execution and performance by Lender of this Agreement is consistent with Lender’s scope of business and the
provisions of Lender’s corporate bylaws and other organizational documents, and Lender has obtained all necessary and proper
approvals and authorizations for the execution and performance of this Agreement; and



 


		2.1.3	This Agreement constitutes Lender’s legal, valid
and binding obligations enforceable in accordance with its terms.



 


		2.2	Between the date of this Agreement and the date of termination
of this Agreement, Borrower hereby makes the following representations and warranties:



 




    4 


     


    

  


		2.2.1	Borrower has the legal capacity to execute and perform
this Agreement. Borrower has obtained all necessary and proper approvals and authorizations for the execution and performance
of this Agreement;



 


		2.2.2	This Agreement constitutes Borrower’s legal, valid
and binding obligations enforceable in accordance with its terms; and



 


		2.2.3	There are no disputes, litigations, arbitrations, administrative
proceedings or any other legal proceedings relating to Borrower, nor are there any potential disputes, litigations, arbitrations,
administrative proceedings or any other legal proceedings relating to Borrower.



 


		3	Borrower’s Covenants



 


		3.1	As and when he becomes, and for so long as he remains a
shareholder of Borrower Company, Borrower covenants irrevocably that during the term of this Agreement, Borrower shall cause Borrower
Company:



 


		3.1.1	to strictly abide by the provisions of the Exclusive Option
Agreement and the Exclusive Technology Consultant and Services Agreement to which the Borrower Company is a party, and to refrain
from any action/omission that may affect the effectiveness and enforceability of the Exclusive Option Agreement and Exclusive
Technology Consultant and Services Agreement.



 


		3.1.2	at the request of Lender (or a party designated by Lender),
to execute contracts/agreements on business cooperation with Lender (or a party designated by Lender), and to strictly abide by
such contracts/agreements;



 




    5 


     


    

  


		3.1.3	to provide Lender with all of the information on Borrower
Company’s business operations and financial condition at Lender’s request;



 


		3.1.4	to immediately notify Lender of the occurrence or possible
occurrence of any litigation, arbitration or administrative proceedings relating to Borrower Company's assets, business or income;



 


		3.1.5	at the request of Lender, to appoint any persons designated
by Lender as directors of Borrower Company;



 


		3.2	Borrower covenants that during the term of this Agreement,
he shall:



 


		3.2.1	endeavor to keep Borrower Company to engage in its Principle
Businesses;



 


		3.2.2	abide by the provisions of this Agreement, the Power of
Attorney, the Equity Interest Pledge Agreementand the Exclusive Option Agreement to which the Borrower is a party, perform his
obligations under this Agreement, the Power of Attorney, the Equity Interest Pledge Agreement and the Exclusive Option Agreement,
and refrain from any action/omission that may affect the effectiveness and enforceability of this Agreement, the Power of Attorney,
the Equity Interest Pledge Agreement and the Exclusive Option Agreement;



 


		3.2.3	not sell, transfer, mortgage or dispose of in any other
manner the legal or beneficial interest in Borrower Equity Interest, or allow the encumbrance thereon of any security interest
or the encumbrance, except in accordance with the Equity Interest Pledge Agreement;



 




    6 


     


    

  


		3.2.4	cause any shareholders’ meeting and/or the board
of directors of Borrower Company not to approve the sale, transfer, mortgage or disposition in any other manner of any legal or
beneficial interest in Borrower Equity Interest, or allow the encumbrance thereon of any security interest, except to Lender or
Lender’s designated person;



 


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



 


		3.2.6	immediately notify Lender of the occurrence or possible
occurrence of any litigation, arbitration or administrative proceedings relating to Borrower Equity Interest;



 


		3.2.7	to the extent necessary to maintain his ownership of the
Borrower Equity Interest, execute all necessary or appropriate documents, take all necessary or appropriate actions and file all
necessary or appropriate complaints or raise necessary and appropriate defense against all claims;



 


		3.2.8	without the prior written consent of Lender, refrain from
any action /omission that may have a material impact on the assets, business and liabilities of Borrower Company;



 


		3.2.9	appoint any designee of Lender as director of Borrower
Company, at the request of Lender;



 


		3.2.10	to the extent permitted by the laws of China, at the request
of Lender at any time, promptly and unconditionally transfer all of Borrower Equity Interest to Lender or Lender’s designated
representative(s) at any time, and cause the other shareholders of Borrower Company to waive their right of first refusal with
respect to the share transfer described in this Section;



 




    7 


     


    

  


		3.2.11	to the extent permitted by the laws of China, at the request
of Lender at any time, cause the other shareholders of Borrower Company to promptly and unconditionally transfer all of their
equity interests to Lender or Lender’s designated representative(s) at any time, and Borrower hereby waives his right of
first refusal (if any) with respect to the share transfer described in this Section;



 


		3.2.12	in the event that Lender purchases Borrower Equity Interest
from Borrower in accordance with the provisions of the Exclusive Option Agreement, use such purchase price obtained thereby to
repay the Loan to Lender; and



 


		3.2.13	without the prior written consent of Lender, not to cause
Borrower Company to supplement, change, or amend its articles of association in any manner, increase or decreases its registered
capital or change its share capital structure in any manner.



 


		4	Liability for Default



 


		4.1	If Borrower conducts any material breach of any term of
this Agreement, Lender shall have right to terminate this Agreement and require the Borrower to compensate all damages; this Section
4.1 shall not prejudice any other rights of Lender herein.



 




    8 


     


    

  


		4.2	If Lender conducts any breach of any term of this Agreement,
Borrower shall not terminate this Agreement in any event unless otherwise required by applicable laws.



 


		4.3	In the event that Borrower fails to perform the repayment
obligations set forth in this Agreement, Borrower shall pay overdue interest of 0.01% per day for the outstanding payment, until
the day Borrower repays the full principal of the Loan, overdue interests and other payable amounts.



 


		5	Notices



 


		5.1	All notices and other communications required or permitted
to be given pursuant to this Agreement shall be delivered personally or sent by registered mail, postage prepaid, by a commercial
courier service or by facsimile transmission to the address of such Party set forth below. A confirmation copy of each notice
shall also be sent by email. The dates on which notices shall be deemed to have been effectively given shall be determined as
follows:



 


		5.1.1	Notices given by personal delivery, by courier service
or by registered mail, postage prepaid, shall be deemed effectively given on the date of delivery.



 


		5.1.2	Notices given by facsimile transmission shall be deemed
effectively given on the date of successful transmission (as evidenced by an automatically generated confirmation of transmission).



 




    9 


     


    

  


		5.2	For the purpose of notices, the addresses of the Parties
are as follows:



 


	Lender:	Beijing Yangguang Gudi Science Development Co., Ltd. 
	Address:	Tower E, North America International Business Center, #Yi108, Beiyuan Road, Chaoyang District, Beijing
	Attn:	Jinbo Yao
	Phone:	+8610 64435588-8888
	Facsimile:	+8610-64459926
	 	 
	Borrower:	Haoyong Yang
	Address:	 
	Phone:	 
	Facsimile:	 


 


		5.3	Any Party may at any time change its address for notices
by a notice delivered to the other Party in accordance with the terms hereof.



 


		6	Confidentiality 



 


The Parties acknowledge that
any oral or written information exchanged among them with respect to this Agreement is confidential information. The Parties shall
maintain the confidentiality of all such information, and without the written consent of other Party, either Party shall not disclose
any relevant information to any third party, except in the following circumstances: (a) such information is or will be in the public
domain (provided that this is not the result of a public disclosure by the receiving party); (b) information disclosed as required
by applicable laws or rules or regulations of any stock exchange; or (c) information required to be disclosed by any Party to its
legal counsel or financial advisor regarding the transaction contemplated hereunder, and such legal counsel or financial advisor
are also bound by confidentiality duties similar to the duties in this section. Disclosure of any confidential information by the
staff members or agency hired by any Party shall be deemed disclosure of such confidential information by such Party, which Party
shall be held liable for breach of this Agreement. This section shall survive the termination of this Agreement for any reason.


 




    10 


     


    

  


		7	Governing Law and Resolution of Disputes 



 


		7.1	The execution, effectiveness, construction, performance,
amendment and termination of this Agreement and the resolution of disputes shall be governed by the laws of China.



 


		7.2	In the event of any dispute with respect to the construction
and performance of this Agreement, the Parties shall first resolve the dispute through friendly negotiations. In the event the
Parties fail to reach an agreement on the dispute within 30 days after either Party’s request to the other Party for resolution
of the dispute through negotiations, either Party may submit the relevant dispute to the China International Economic and Trade
Arbitration Commission for arbitration, in accordance with its then effective arbitration rules. The arbitration shall be conducted
in Beijing, and the language used in arbitration shall be Chinese. The arbitration award shall be final and binding on all Parties.



 


		7.3	Upon the occurrence of any disputes arising from the construction
and performance of this Agreement or during the pending arbitration of any dispute, except for the matters under dispute, the
Parties to this Agreement shall continue to exercise their respective rights under this Agreement and perform their respective
obligations under this Agreement.



 


		8	Miscellaneous 



 


		8.1	This Agreement should become effective upon execution by
the Parties, and shall expire upon the date of full performance by the Parties of their respective obligations under this Agreement.



 




    11 


     


    

  


		8.2	This Agreement shall be written in both Chinese and English
language in two copies, each Party having one copy with equal legal validity. In case there is any conflict between the Chinese
version and the English version, the Chinese version shall apply.



 


		8.3	This Agreement may be amended or supplemented through written
agreement by and between Lender and Borrower. Such written amendment agreement and/or supplementary agreement executed by and
between Lender and Borrower are an integral part of this Agreement, and shall have the same legal validity as this Agreement.



 


		8.4	In the event that one or several of the provisions of this
Agreement are found to be invalid, illegal or unenforceable in any aspect in accordance with any laws or regulations, the validity,
legality or enforceability of the remaining provisions of this Agreement shall not be affected or compromised in any respect.
The Parties shall strive in good faith to replace such invalid, illegal or unenforceable provisions with effective provisions
that accomplish to the greatest extent permitted by law the intentions of the Parties, and the economic effect of such effective
provisions shall be as close as possible to the economic effect of those invalid, illegal or unenforceable provisions.



 


		8.5	The attachments (if any) to this Agreement shall be an
integral part of this Agreement and shall have the same legal validity as this Agreement.



 


		8.6	Any obligations that occur or that are due as a result
of this Agreement upon the expiration or early termination of this Agreement shall survive the expiration or early termination
thereof. The provisions of Sections 4, 6, 7 and this Section 8.6 shall survive the termination of this Agreement.



 




    12 


     


    

  


IN WITNESS WHEREOF, the Parties
have caused their authorized representatives to execute this Loan Agreement as of the date firs above written.


 


	Lender:	Beijing Yangguang Gudi Science Development Co.,
    Ltd.	 
	 	 	 
	By:	/s/ Haoyong Yang	 
	Name:	Haoyong Yang	 
	Title:	Legal Representative	 
	 	 	 
	Borrower: 	Haoyong Yang	 
	 	 	 
	By:	/s/ Haoyong Yang