EXHIBIT 10.6



 


EXHIBIT 10.6



Exclusive
Purchase Option Agreement






 


EXCLUSIVE
PURCHASE OPTION AGREEMENT


 


This
Exclusive Purchase Option Agreement (this “Agreement”) is entered into by and among all the parties below on
February 5, 2015, in Beijing, the People’s Republic of China (“P.R.C.”):


  


Party A:
HuashangWujie (Beijing) Internet Technology Co., Ltd., a wholly foreign-owned enterprise which has been duly organized and
is validly existing under the laws of the P.R.C., with its address at Room 255, Building 2#, No. 15, Wanyuan Street, Beijing Economic-Technological
Development Area, Beijing, P.R.C.






Party B:
YongXu, a citizen of the P.R.C. with Chinese identification No.: 110221196803042219, with the address at No. 456, Dawangjing,
Cuigezhuang Town, Beijing, P.R.C.; and


 


Party C: Beijing Huashangjie Electronic Business Service Co., Ltd.,
a company with limited liability which has been duly incorporated and is validly existing in the territory of the P.R.C. pursuant
to the laws of the P.R.C.with its address atFloor No. 23, Building A, Caizhi International Mansion, No. 18, Zhongguancun East
Road, Haidian District, Beijing, P.R.C.






In
this Agreement, each of Party A, Party B and Party C shall be referred to as a “Party” respectively, and they shall
be collectively referred to as the “Parties”.


 


WHEREAS:


 


(1)
On the date of execution of this Agreement, Party B is one of the shareholders of Party C and duly holds 73% of the shares of
Party C;






(2)
Party B agrees to irrevocably confer Party A an exclusive option to purchase all the equities Party B holdsin Party C,
so that Party A or the third party designated by Party A (“Designee”) may have the right to purchase all the
equities Party Bholdsin Party C (“Object






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Equities”)
at any time when the law of the P.R.C. permits and Party A deems it proper.  And Party A agrees to accept the above-mentioned
exclusivepurchase option.






(3)
Party C agrees to irrevocably confer Party A the purchase option to purchase all the assets of Party C, so that
Party A or its Designee may have the right to purchase all the assets of Party C (“Object Assets”) at any
time when the laws of the P.R.C. permits and Party A deems it proper.  Andall the shareholders of Party C agree to such grant
and Party A agrees to accept the above-mentioned exclusivepurchase option.






NOW,
THEREFORE, with the consensus reached through negotiation, all parties have entered into this Agreement and agreed to abide
by it pursuant to the applicable laws, regulations and rules of the P.R.C. (“laws of the P.R.C.”).






1.


Conferring
and Exercise of Purchase Option






1.1


ExclusivePurchase
Option of the Object Equities.  Party B agrees to irrevocably confer Party A the exclusive option to purchase all the
equities Party B holds in Party C (“Equity Purchase Option”):






1.1.1


During
the Term of Entrusted Operationagreed upon  in the  Management Entrustment Agreement entered into between Party A and
Party C (named “Exercise Period” in this Agreement), dated on February 5, 2015, Party A or its Designee
shall have the right to purchase all or part of the
equitiesParty B holds in Party C pursuant to the related terms and conditions under this Agreement and at the Exercise Price
for Equity Purchase Option (as defined hereunder), provided that the laws of the P.R.C. at that time permits.  Party B agrees
to enter into an Equity Transfer Agreement (“Equity Transfer Agreement”) with Party A or its Designee in
the format.  


 


1.1.2


Where
the laws of the P.R.C. permits and Party A sends the Equity Purchase Exercise Notice (as defined in Subsection 2.2.1), Party
B and Party C shall unconditionally cooperate with Party A to carry out the above procedures






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and
transfer all or part of the Object Equities to Party A or its Designee, and transact all necessary formalities such as review
and approval, permit, registration and filing.


 


1.1.3


The
Object Equities shall be free of any Security Interest.  For the purpose of this Agreement, Security Interest means any mortgage,
pledge, the right or interest of the third party, any purchase right of equity interest, right of acquisition, right of first
refusal, right of set-off, ownership detainment or other security arrangements; however, it does not include any security interests
created under Equity the Pledge Agreement entered into by Party A and Party B on the same day as this Agreement (“Equity
Pledge Agreement”).


 


1.1.4


During
the Exercise Period, if the holding of all or part of the Object Equities by Party B is or will be deemed to violate the applicable
laws, Party B and Party C shall immediately send a written notice to Party A to explain the reason in detail.


 


1.2


ExclusivePurchase
Option to the Object Assets.  Party C here agrees to irrevocably confer Party A the purchase option to purchase
all of its assets (“Assets Purchase Option”).  The Equity Purchase Option and the Assets Purchase Option
collectively are referred to as “Purchase Option”:


 


1.2.1


During
the Exercise Period, Party A or its Designee shall have the right to purchase all or part of the assets owned by Party C
pursuant to the terms and conditions under this Agreement at the Exercise Price for Assets Purchase Option or a percentage thereof
(as defined hereunder), provided that the laws of the P.R.C. at that time permits.  Party C agrees to enter into an
assets transfer agreement (“Assets Transfer Agreement”) with Party A or its Designee.










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1.2.2


Where
the laws of the P.R.C. permits and Party A sends the Asset Purchase Exercise Notice (as defined in Subsection 2.3.1),
Party B and Party C shall unconditionally cooperate with Party A to carry out the above procedures and transfer all
or part of the Object Assets to Party A or its Designee, and transact all necessary formalities such as review and approval,
permit, registration and filing.


 


1.2.3


When
Party A exercises the Assets Purchase Option, Party Band Party C shall ensure other shareholders of Party C will approve
the asset transfer under this Agreement.


 


2.


Exercise
Steps


 


2.1


Pursuant
to the applicable laws of the P.R.C., Party A shall have the right to determine the time, manner and number of purchases
for the Purchase Option.


 


2.2


Exercise
steps to purchase equities:


 


2.2.1


During
the Exercise Period, Party A may send an exercise notice (“Equity Purchase Exercise Notice”) to Party B
to exercise the Equity Purchase Option under this Agreement to purchase all or part of the Object Equities or transfer all or
part of the Object Equities to a Designee, provided that the laws of the P.R.C. permits at that time.


 


2.2.2


Upon
receipt of the Equity Purchase Notice pursuant to Subsection 2.2.1 above,or earlier if requested
by Party A, party B shall immediately:


 


(a)


obtain
the waiver concerning the first refusalof other shareholders of Party C at that time on the purchase of such equities;










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(b)


enter
into an Equity Transfer Agreement in the format attached as Annex 1 hereto with Party A and/or its Designee according
the requirements of the Equity Purchase Exercise Notice;


 


(c)


revise
the Articles of Association of Party C together with Party A and/or its Designee and other shareholders of Party C
at that time pursuant to the Equity Transfer Agreement;


 


(d)


cause
Party C to promptly convene a shareholder’s meeting to pass the resolutions to approve the equity transfer pursuant to the
exercise of the Equity Purchase Option and the amendment to the Articles of Association of Party C;


 


(e)


together
with Party A and/or its Designee and other shareholders of Party C at that time, handle all necessary approval and examination,
registration and filing procedures required by the laws of the P.R.C. within thirty (30) business days as of the date of
receipt of the Equity Purchase Exercise Noticeby Party B or an earlier time agreed upon by the parties; and






(f)


execute
all other requisite contracts, agreements or documents, obtain all requisite approvals and consents of the government, conduct
all necessary actions to transfer the valid ownership,without any Security Interest,of the Object Equities to Party A and/or
its Designee, and cause Party A and/or its Designee to be the registered owner of the Object Equities.


 


2.3


Exercise
steps to purchase assets:


 


2.3.1


During
the Exercise Period, Party A may send an exercise notice (“Assets Purchase Exercise Notice”) to Party C
to exercise the Assets Purchase Option under this Agreement, purchase all or part of the Object Assets owned by






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Party C
or transfer all or part of the Object Assets to a Designee, provided that the laws of the P.R.C. permits at that time.






2.3.2


Once
Party C receives the Assets Purchase Exercise Notice pursuant to Subsection 2.3.1 aboveor
earlier if requested by Party A, Party C shall immediately:


 


(a)


enter
into an Assets Transfer Agreement in the format attached as Annex 2 hereto and any other necessary agreements with Party A
and/or its Designee according to the requirements set forth in the Assets Purchase Exercise Notice;


 


(b)


convene
a shareholder's meeting to pass the resolution to approve the exercise of the Assets Purchase Option; and


 


(c)


together
with all the shareholders of Party C at that time execute all other requisite contracts, agreements or documents, obtain all requisite
approvals and consents of the government, conduct all necessary actions to transfer the valid ownership, without any security
interest,  of the Object Assets to Party A and/or it Designee, and cause Party A and/or its Designee to be the
registered owner of the Object Assets (if necessary);.


 


2.4


Before
Party A obtains the Object Equities or the Object Assets by means of exercising either the Equity Purchase Option or the
Assets Purchase Option, Party B and/or Party C shall entrust Party A to manage Party C pursuant to the Management
Entrustment Agreement entered into by and between Party A and Party C on the same day as this Agreement.


 


3.


Exercise
Conditions










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During
the Exercise Period, where Party A deems it necessary and the laws of the P.R.C. at that time permits to purchase the equities
or assets of Party C, Party A may immediately exercise the Equity Purchase Option or the Assets Purchase Option, and
purchase the Object Equities or Object Assets.  Party A shall have the right to choose to exercise either the Equity
Purchase Option or the Assets Purchase Option; and the exercise of the Equity Purchase Option will not affect the exercise of
the Assets Purchase Option and vice versa.






4.


Exercise
Price


 


4.1


Exercise
price for Equity Purchase Option (“Exercise Price for Equity Purchase Option”) or Exercise price for Assets Purchase
Option (“Exercise Price for Assets Purchase Option”)


 


Unless
an appraisal is required by the laws of P.R.C.for the consummation of the Equity Purchase Option and/or the Assets Purchase Option
when exercised by Party A, the purchase price of the Object Equities and/or Object Assets (the "Purchase Price") shall be an amount
equal to the actual registered capital of Party C corresponding to the Object Equities
to be acquired. If only part of the equities or the assets to be required, the Purchase Price
should be an amount equal to the product of (x) the actual registered capital of Party C and (y) a fraction to be purchased.






If
after the delivery of the Assets Purchase Exercise Notice or the Equity Purchase Option Exercise Notice with a specified Purchase
Price, it is determined that the laws of China do not permit the purchase of the Optioned Equity Interests and/or Assets at the
price provided for herein, the Purchase Price shall be the lowest price allowed by law and Party A shall have the right to rescind
its Purchase option Notice and continue the management arrangements then in place. 


 


5.


Representations
and Warranties


 


5.1


Each
party respectively represents and warranties to the other parties that:


 






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5.1.1


it
has the right to execute this Agreement, the Equity Transfer Agreement, and the Assets Transfer Agreement, and the capability
to perform its obligations under this Agreement, the Equity Transfer Agreement, and the Assets Transfer Agreement;


 


5.1.2


it
has carried out necessary internal derision-making procedures, obtained proper authority, acquired all the necessary consent and
approval of any requisite third party and government authority to enter into and perform its obligations under this Agreement,
the Equity Transfer Agreement, and the Assets Transfer Agreement; and






5.1.3


once
executed, this Agreement, the Equity Transfer Agreement, and the Assets Transfer Agreement will constitute the legal, valid, and
binding obligation of each party, and each party will be subject to compulsory enforcement on it pursuant to the terms and conditions
under this Agreement, the Equity Transfer Agreement, and the Assets Transfer Agreement.


 


5.2


Party
B hereby represents and warrants to Party A that:


 


5.2.1
 Party B is a shareholder, duly and legally registered, of Party C and has paid the subscribed registered capital in
full sum pursuant to the laws of the P.R.C.;






5.2.2
 The Object Equities held by Party B can be freely transferred without anyone's prior consent, and the Object Equitiesare
free of encumbrances of any kind, other than the Security Interest pursuant to the Equity Pledge Agreement.






5.2.3
 Party B has complied with all the laws of theP.R.C.and regulations applicable to the purchase of assets and equities in
connection with this Agreement, the Equity Transfer Agreement, and the Assets Transfer Agreement;










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5.2.4
 No litigation, arbitration or administrative procedure relevant to the Object Equities or Party B is in process or to be
settled, and Party B has no knowledge of any pending or threatened claim;






5.2.5
 Party B has not sold or agreed to sellthe ObjectEquities to any third party other than Party A or its Designee, and
Party B has no future plans to sell or agree to sell the Object Equities to any third party other than Party A or its Designee;






5.2.6
 Party B strictly abides by the obligations under the Articles of Association of Party C.  There are no circumstances
that may affect the legal status of Party B as the shareholder of Party C, or any circumstance that may prevent Party A
from exercising the Equity Purchase Option under this Agreement;






5.2.7
 Neither the execution and delivery of this Agreement, the Equity Transfer Agreements or Assets Transfer Agreements, nor
the performance of the obligations under this Agreement, any Equity Transfer Agreements or Assets Transfer Agreements will: (i) violate
any laws of the P.R.C.;  (ii) conflict with its Articles of Association or other organizational documents; (iii) breach
any contracts or documents to which Party B is a party or which bind Party B; (iv) violate any acquired permits,
approvals or any valid qualifications; or (v) result in the ceasing or revocation or additional conditions to the acquired
permits or approvals;






5.2.8
 Party B, upon the request of Party A, will appoint any person designated by Party A to be the director of Party C;
and






5.2.9
 Party B shall promptly notify Party A of any pending or threatened litigation, arbitration or administrative procedure
related to the assets, business and income of Party C, and tender to Party A the sole control of the defense and settlement
of such claim and cooperate with such defense and/or settlement at its own expense.


 






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5.3


Party C
hereby represents and warrants to Party A that:


 


5.3.1
 Party C is a company with limited liability, which has been duly incorporatedand validly existing pursuant to the laws
of the P.R.C.;






5.3.2
 Party C has stated to Party A, in the Article 5.1 of Management Entrustment Agreement by on the same dayas this Agreement,
the legal status of land occupied for production facilities, the legal status of production facilities and the contractual arrangement
with the local county government in connection with mining rights surrounding the production facilities.






5.3.3
 Party C complies with all P.R.C. laws and regulations applicable to the purchase of assets and equities in connection
with this Agreement, the Equity Transfer Agreement, and the Assets Transfer Agreement;


 


5.3.4
 The shares of Party C are transferable, and Party C has not permitted or caused any Security Interest to be imposed
upon the shares of Party C, other than the Security Interest pursuant to the Equity Pledge Agreement;


 


5.3.5
 Party C does not have any unpaid debt, other than (i) debt arising fromthe ordinary course of business; and (ii) debt
disclosed to Party A and obtained written consent by Party A;


 


5.3.6
 No litigation, arbitration or administrative procedure relevant to Object Equities, the Object Assets or Party C itself
is in process or to be settled and Party C has no knowledge of any pending or threatened claim;


 


5.3.7
 Party C has not sold or agreed to sell any of its assets to any third party other than Party A or its Designee,
and Party C has no future plans to sell or agree to sell the Object Assets to any third party other than Party A or its Designee;


 






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5.3.8
 Neither the execution and delivery of this Agreement, the Equity Transfer Agreements or Assets Transfer Agreements, nor
the performance of the obligations under this Agreement, any Equity Transfer Agreements or Assets Transfer Agreements will: (i) violate
any lawsof the P.R.C.; (ii) conflict with its Articles of Association or other organizational documents; (iii) breach
any contracts or documents to which Party C is a party or which bind Party C; (iv) violate any acquired permits,
approvals or any valid qualifications; or (v) result in the ceasing or revocation or additional conditions to the acquired
permits or approvals;


 


5.3.9
 Party C will agree to look for insurance from an insurance company acceptable to Party A.  The amount and
category of insurance shall be the same as those held by the companies which are in the same industry with similar business and
own the similar properties and assets as Party C;






5.3.10
 Upon the request of Party A, Party C shall provide all related operation and finance materials of Party C
to the extent that those materials are available to Party C; and






5.3.11
 Party C shall promptly notify Party A of any pending or threatened litigation, arbitration or administrative procedure
related to the assets, business and income of Party C, and tender to Party A the sole control of the defense and settlement
of such claim and cooperate with such defense and/or settlement at Party C's expense.


 


5.4


Before
Party A obtains the Object Equities and Object Assets of Party C by means of exercising either the Equity Purchase Option
or the Assets Purchase Option, without the prior written consent by Party A, Party B and Party C shall not jointly or
separately:






5.4.1


amend,
modify or revise the Articles of Association of Party C in any form, or change the structure of the shareholders of Party
C;






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5.4.2


agree
to increase or decrease the registered capital or the number of existing shareholders of Party C;






5.4.3


cause
Party C to have transactions, which may materially affect the assets, business, net assets or other legal rights and liabilities
of Party C, unless these transactions are related to the ordinary course of business or have been disclosed to and the written
consent from Party A has been obtained;


 


5.4.4


transfer
or dispose the Object Equities in any manner or grant any security interest or any other thirdparty right on the Object Equities;


 


5.4.5


sell,
transfer, mortgage or dispose in any other form, any asset, income and any other legal yield and interest of Party C, or
approve any encumbrance or imposition of any Security Interest on Party C’s assets;


 


5.4.6


issue
or provide guarantee, loan or credit to any third party or incur any debt, other than (i) the debt arising from ordinary
course of business; and (ii) the debt has been disclosed to Party A and the written consent by Party A has been
obtained.


 


5.4.7


terminate
or cause Party C to terminate any material agreement (whose definition is at Party A’s discretion at that time)
entered into by Party C, or enter into any agreement that would conflict with the existing material agreements of Party C
and/or Party B;


 


5.4.8


distribute
any distributable profit, bonus, dividends or interests of Party C, unless otherwise stipulated by the laws of the P.R.C.;
or






5.4.9


approve
or adopt any shareholders resolution at a shareholder meeting of Party C which may cause Party C to be merged,acquired
or invested, or to merge, acquire orinvest in or associate with any entity other than Party A.






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6.


Transfer
of this Agreement


 


6.1


Without
the prior written consent by Party A, Party B and Party C shall not sub-contract, license or transfer its rights and
obligations under this Agreement to any third party or its affiliate; and any transfer of this Agreement without prior written
consent of Party A shall be invalid.


 


6.2


Party
B and Party C agree and confirm that Party A may transfer its rights and obligations under this Agreement, without the
consent of Party B and/or Party C, to any third party, provided that Party A notifies Party B and Party C of such
transfer in writing.






7.


Confidentiality


 


7.1


All
parties agree that, all materials, documents, communications and other information obtained in the negotiation, execution or performance
of this Agreement, the Equity Transfer Agreement, and the Assets Transfer Agreement, whether commercial, technical or in any other
form (“Confidential information"), shall be strictly kept confidential and used only for the performance of the obligations
under this Agreement, the Equity Transfer Agreement, and the Assets Transfer Agreement.  Unless the other parties consent
in writing, none of the parties shall release, leak or disclose any Confidential Information to any third party.


 


7.2


Each
party may disclose the Confidential Information in the following circumstances: (1) where the laws, court orders or
the competent courts with jurisdiction require, and such disclosure may be conducted only within such requirement; (2) where the
competent authority or government department requires; (3) where such Confidential Information has been known to the general
public; (4) where such Confidential Information was owned duly and legally by the disclosing party rather obtained from the
other party before the disclosing party obtains it; (5) the information is required to be disclosed subject to the applicable






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laws
or the rules or provisions of a stock exchange or securities governing authority; and (6) the information is disclosed by
each party to its legal or financial consultant relating the transaction of this Agreement, the Equity Transfer Agreement, and
the Assets Transfer Agreement, and this legal or financial consultant shall comply with the confidentiality set forth in this
Section 7.


 


However,
for the circumstances aforesaid, where any party discloses the Confidential Information, it shall inform the other parties of
the Confidential Information to be disclosed.


 


7.3


Nonetheless
other provisions of this Section 7, each party shall have the right to disclose the Confidential Information to its lawyer, accountant,
other professional consultants, directors or senior officers; such personnel shall undertake in writing to treat such information
as Confidential Information by taking the measures similar to those provided in 7.1 of this Section.


 


7.4


The
disclosure of the Confidential Information by staff or employed institution of any party shall be deemed as the disclosure of
such Confidential Information by such party, and such party shall bear the liabilities for breaching the agreement.


 


7.5


This
Section 7 shall survive whatever this Agreement is invalid, amended, revoked, terminated or unable to implement by any reason.


 


8.


Liability
for breach


 


8.1


Any
parties shall sufficiently perform this Agreement.  Any Party breaching this Agreement shall bear the liability as arising
out of and in relation thereto.  If such breach causes damages to any other party, the breaching party shall compensate such
party for all such damages.


 


8.2


If
Party B breaches this Agreement, in addition to the remedies stipulated by the laws of the P.R.C., Party A may also take
the following measures:






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8.2.1


require
Party B to transfer all or any part of the Object equities immediately at the Exercise Price for Equity Purchase Option to Party A
or its Designee, provided that the laws of the P.R.C. permit at that time; and


 


8.2.2


requireParty
B to compensate all direct and indirect damages, including but not limited to all the legal fees, travel fees and investigation
fees paid for seeking and enforcing such remedies.


 


8.3


If
Party C breaches this Agreement, in addition to the remedies stipulated by the laws of the P.R.C., Party A may also
take the following measures:


 


8.3.1
require Party C to transfer all or part of the Object Assets immediately at the Exercise Price for Assets Purchase Option
to Party A or its Designee, provided that the laws of the P.R.C. permit at that time;


 


8.3.2
require Party B to exercise the rights as a shareholder of Party C, and cure the breach of Party C; if after ten (10) days
after Party A sends a written notice to Party B or Party C, such breach has not been cured, Party A shall have
the right to require Party B to transfer all or part of the Object Equities immediately at the Exercise price for Equity Purchase
Option to Party A or its Designee provided that the laws of the P.R.C. permit at that time; or






8.3.3
require Party B and Party C to compensate all direct and indirect damages, including but not limited to all the legal fees,
travel fees and investigation fees paid for seeking and enforcing such remedies.


 


9.


Governing
Law and Dispute Resolution






9.1


The
execution, effectiveness, construction, performance, amendment and termination of this Agreement and the resolution of disputes
hereunder shall be governed by the formally published and publicly available laws of the P.R.C.. Matters not covered by






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formally
published and publicly available laws of the P.R.C. shall be governed by international legal principles and practices.


 


9.2


All
parties agree that any dispute arising from or in relation to this Agreement shall first be settled by the friendly negotiation
of both parties.  If the negotiation fails within 45 days, each party shall have the right to file the dispute with
China International Economic and Trade Arbitration Commission (“CIETAC”) in Beijing for arbitration pursuant
to the currently effective arbitration rules of CIETAC at the time of application.  This arbitration shall be final and bind
all parties and shall be enforceable in any court of competent jurisdiction.  The arbitration fees shall be born by the losing
party.






9.3


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.


 


10.


Effect
and Termination


 


10.1


This
Agreement shall come into effect on and after the date that it is signed and/or stamped by all parties.


 


10.2


In
any of the following circumstances, this Agreement shall be terminated:


 


10.2.1


where,
during the Exercise Period, all parties reach an agreement to terminate this Agreement;






10.2.2


where,
during the Exercise Period, Party A notifies the other parties thirty (30) days in advance to terminate this Agreement;
in such circumstance, Party A shall not assume any liabilities as arising out of and in relation thereto;






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10.2.3


at
the expiration of the Exercise Period provided; however, Party A may extend the Exercise Period and this Agreement in its
sole discretion; or


 


10.2.4


upon
the unanimous agreement by all parties.


 


10.3


Section7
regarding confidentiality and Section 12 regarding indemnification shall survive the termination of this Agreement.


 


11.


Taxes
and Fees






All
taxes and fees resulting from the execution and performance of this Agreement, the Equity Purchase Agreement and the Assets Purchase
Agreement shall be borne by Party A.


 


12.


Indemnification






Party
B and Party C shall indemnify and hold harmless Party A or its Designee, their affiliates and each of their respective
successors and assigns, and their respective officers, directors, employees and agents (collectively, “Indemnified Party”)
from and against any liabilities, claims (including claims by third parties), demands, judgments, losses, costs, damages or expenses
whatsoever (including reasonable attorneys', consultants' and other professional fees and disbursements of every kind, nature
and description) (collectively, “Damages”) such Indemnified Party may sustain, suffer or incur and that result
from, arise out of or relate to the willful breach of this Agreement, the Equity Purchase Agreement and the Assets Purchase Agreement
by Party B or Party C.


 


13.


General
Terms


 


13.1


Entire
Agreement.  This Agreement and the Exhibits and Schedules hereto contain the entire understanding between the parties, no
other representations, warranties or covenants having induced any party to execute this Agreement, and supersede all prior or
contemporaneous agreements with respect to the subject matter hereof.  All






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references
to schedules and exhibits are to exhibits and schedules attached to and to become a part of this Agreement unless otherwise indicated.


 


13.2


Amendment.
 Any amendment and/or rescission shall be in writing and signed by the authorized representatives of all parties.  Such
revision shall be a valid integral part of this Agreement.


 


13.3


Headings.
 The headings of any Sections or other portion of this Agreement are for convenience only and are not to be considered in
construing this Agreement.






13.4


Construction.
 References in this Agreement to "Sections," "Schedules" and "Exhibits" shall be to the Sections, Schedules and Exhibits
of this Agreement, unless otherwise specifically provided; any use in this Agreement of the singular or plural, or the masculine,
feminine or neuter gender, shall be deemed to include the others, unless the context otherwise requires; the words "herein”,
"hereof" and "hereunder" and words of similar import, when used in this Agreement, shall refer to this Agreement as a whole and
not to any particular provision of this Agreement; the word "including" when used in this Agreement shall mean “including
without limitation”; and except as otherwise specified in this Agreement, all references in this Agreement (a) to any
agreement, document, certificate or other written instrument shall be a reference to such agreement, document, certificate or
instrument, in each case together with all exhibits, schedules, attachments and appendices thereto, and as amended, restated,
supplemented or otherwise modified from time to time in accordance with the terms thereof; and (b) to any law, statute
or regulation shall be deemed references to such law, statute or regulation as the same may be supplemented, amended, consolidated,
superseded or modified from time to time.


 


13.5


Severability.
 Any provision hereof that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability, without invalidating the remaining provisions hereof, and any such prohibition
or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.






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13.6


Waiver.
 No failure or delay of either party to enforce any right hereunder shall constitute a waiver of any such right hereunder.
 No waiver shall be effective hereunder unless in writing and a waiver shall only be effective for the specific act or circumstance
for which it is given and not for any future act or circumstance.


 


13.7


Succession
of this Agreement.  This Agreement shall bind the successors and transferees of all parties.


 


13.8


Language.
 This Agreement is in both Chinese and English and signed by all parties, and the two versions have the same effect.  Should
there be any discrepancy between the two language versions, the Chinese version shall prevail.


 


13.9


Copies
of this Agreement.  This Agreement shall be executed in four counterparts; each party holds one and the restare used for
the transaction of related formalities.  Each of the copies shall be deemed as the original one and has the same effect.


 










[The
remainder of this page is intentionally left blank.]






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IN
WITNESS HEREOF, all parties have signed this Agreement on the date specified on the first page of this Agreement by their
respective authorized representatives.






Party A:HuashangWujie
(Beijing) Internet Technology Co., Ltd.(seal)


Legal Representative (signature):






Party
B: Yong Xu (signature):






Party C: Beijing Huashangjie Electronic Business Service Co., Ltd.(seal)


Legal Representative (signature):






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EXCLUSIVE
PURCHASE OPTION AGREEMENT


 


This
ExclusivePurchase Option Agreement (this “Agreement”) is entered into by and among all the parties below on  February
5, 2015, in Beijing, the People’s Republic of China (“P.R.C.”):


  


Party A:HuashangWujie
(Beijing) Internet Technology Co., Ltd., a wholly foreign-owned enterprise which has been duly organized and is validly existing
under the laws of the P.R.C., with its address at Room 255, Building 2#, No. 15, Wanyuan Street, Beijing Economic-Technological
Development Area, Beijing, P.R.C.






Party B:  Yahong
Zhao, a citizen of the P.R.C. with Chinese identification No.: 130404196503310021,
with the address at Room 303, Building 1#,  No. 59, JiansheAvenue, Handan City, Hebei Province, P.R.C.; and


 


Party C: Beijing Huashangjie Electronic Business Service Co., Ltd.,
a company with limited liability which has been duly incorporated and is validly existing in the territory of the P.R.C. pursuant
to the laws of the P.R.C.with its address atFloor No. 23, Building A, Caizhi International Mansion, No. 18, Zhongguancun East
Road, Haidian District, Beijing, P.R.C.






In
this Agreement, each of Party A, Party B and Party C shall be referred to as a “Party” respectively, and they shall
be collectively referred to as the “Parties”.


 


WHEREAS:


 


(1)
On the date of execution of this Agreement, Party B is one of the shareholders of Party C and duly holds 20% of the shares of
Party C;






(2)
Party B agrees to irrevocably confer Party A an exclusive option to purchase all the equities Party B holdsin Party C,
so that Party A or the third party designated by Party A (“Designee”) may have the right to purchase all the
equities Party Bholdsin Party C (“Object






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Equities”)
at any time when the law of the P.R.C. permits and Party A deems it proper.  And Party A agrees to accept the above-mentioned
exclusivepurchase option.






(3)
Party C agrees to irrevocably confer Party A the purchase option to purchase all the assets of Party C, so that
Party A or its Designee may have the right to purchase all the assets of Party C (“Object Assets”) at any
time when the laws of the P.R.C. permits and Party A deems it proper.  Andall the shareholders of Party C agree to such
grant and Party A agrees to accept the above-mentioned exclusivepurchase option.






NOW, THEREFORE,
with the consensus reached through negotiation, all parties have entered into this Agreement and agreed to abide by it pursuant
to the applicable laws, regulations and rules of the P.R.C. (“laws of the P.R.C.”).






1.


Conferring
and Exercise of Purchase Option






1.1


ExclusivePurchase
Option of the Object Equities.  Party B agrees to irrevocably confer Party A the exclusive option to purchase all
the equities Party B holds in Party C (“Equity Purchase Option”):






1.1.1


During
the Term of Entrusted Operationagreed upon  in the  Management Entrustment Agreement entered into between Party A and
Party C (named “Exercise Period” in this Agreement), dated on  February 5, 2015, Party A or its Designee
shall have the right to purchase all or part of the equitiesParty B holds in Party C pursuant to the related terms and conditions
under this Agreement and at the Exercise Price for Equity Purchase Option (as defined hereunder), provided that the laws of the
P.R.C. at that time permits.  Party B agrees to enter into an Equity Transfer Agreement (“Equity Transfer Agreement”)
with Party A or its Designee in the format.  


 


1.1.2


Where
the laws of the P.R.C. permits and Party A sends the Equity Purchase Exercise Notice (as defined in Subsection 2.2.1), Party
B and Party C shall unconditionally cooperate with Party A to carry out the above procedures






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and
transfer all or part of the Object Equities to Party A or its Designee, and transact all necessary formalities such as review
and approval, permit, registration and filing.


 


1.1.3


The
Object Equities shall be free of any Security Interest.  For the purpose of this Agreement, Security Interest means
any mortgage, pledge, the right or interest of the third party, any purchase right of equity interest, right of acquisition, right
of first refusal, right of set-off, ownership detainment or other security arrangements; however, it does not include any security
interests created under Equity the Pledge Agreement entered into by Party A and Party B on the same day as this Agreement
(“Equity Pledge Agreement”).


 


1.1.4


During
the Exercise Period, if the holding of all or part of the Object Equities by Party B is or will be deemed to violate the applicable
laws, Party B and Party C shall immediately send a written notice to Party A to explain the reason in detail.


 


1.2


ExclusivePurchase
Option to the Object Assets.  Party C here agrees to irrevocably confer Party A the purchase option to purchase
all of its assets (“Assets Purchase Option”).  The Equity Purchase Option and the Assets Purchase Option
collectively are referred to as “Purchase Option”:


 


1.2.1


During
the Exercise Period, Party A or its Designee shall have the right to purchase all or part of the assets owned by Party C
pursuant to the terms and conditions under this Agreement at the Exercise Price for Assets Purchase Option or a percentage thereof
(as defined hereunder), provided that the laws of the P.R.C. at that time permits.  Party C agrees to enter into
an assets transfer agreement (“Assets Transfer Agreement”) with Party A or its Designee.






1.2.2


Where
the laws of the P.R.C. permits and Party A sends the Asset Purchase Exercise Notice (as defined in Subsection 2.3.1),
Party B and Party C shall unconditionally cooperate with Party A to carry out the above procedures






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and
transfer all or part of the Object Assets to Party A or its Designee, and transact all necessary formalities such as review
and approval, permit, registration and filing.


 


1.2.3


When
Party A exercises the Assets Purchase Option, Party Band Party C shall ensure other shareholders of Party C will approve
the asset transfer under this Agreement.


 


2.


Exercise
Steps


 


2.1


Pursuant
to the applicable laws of the P.R.C., Party A shall have the right to determine the time, manner and number of purchases
for the Purchase Option.


 


2.2


Exercise
steps to purchase equities:


 


2.2.1


During
the Exercise Period, Party A may send an exercise notice (“Equity Purchase Exercise Notice”) to Party B
to exercise the Equity Purchase Option under this Agreement to purchase all or part of the Object Equities or transfer all or
part of the Object Equities to a Designee, provided that the laws of the P.R.C. permits at that time.


 


2.2.2


Upon
receipt of the Equity Purchase Notice pursuant to Subsection 2.2.1 above,or earlier if requested by Party A, party B
shall immediately:


 


(a)


obtain
the waiver concerning the first refusalof other shareholders of Party C at that time on the purchase of such equities;






(b)


enter
into an Equity Transfer Agreement in the format attached as Annex 1 hereto with Party A and/or its Designee according
the requirements of the Equity Purchase Exercise Notice;


 






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(c)


revise
the Articles of Association of Party C together with Party A and/or its Designee and other shareholders of Party C
at that time pursuant to the Equity Transfer Agreement;


 


(d)


cause
Party C to promptly convene a shareholder’s meeting to pass the resolutions to approve the equity transfer pursuant to the
exercise of the Equity Purchase Option and the amendment to the Articles of Association of Party C;


 


(e)


together
with Party A and/or its Designee and other shareholders of Party C at that time, handle all necessary approval and examination,
registration and filing procedures required by the laws of the P.R.C. within thirty (30) business days as of the date of
receipt of the Equity Purchase Exercise Noticeby Party B or an earlier time agreed upon by the parties; and






(f)


execute
all other requisite contracts, agreements or documents, obtain all requisite approvals and consents of the government, conduct
all necessary actions to transfer the valid ownership,without any Security Interest,of the Object Equities to Party A and/or
its Designee, and cause Party A and/or its Designee to be the registered owner of the Object Equities.


 


2.3
 Exercise steps to purchase assets:


 


2.3.1


During
the Exercise Period, Party A may send an exercise notice (“Assets Purchase Exercise Notice”) to Party C
to exercise the Assets Purchase Option under this Agreement, purchase all or part of the Object Assets owned by Party C or
transfer all or part of the Object Assets to a Designee, provided that the laws of the P.R.C. permits at that time.






2.3.2


Once
Party C receives the Assets Purchase Exercise Notice pursuant to Subsection 2.3.1 aboveor earlier if requested by Party A,
Party C shall immediately:


 






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(d)


enter
into an Assets Transfer Agreement in the format attached as Annex 2 hereto and any other necessary agreements with Party A
and/or its Designee according to the requirements set forth in the Assets Purchase Exercise Notice;


 


(e)


convene
a shareholder's meeting to pass the resolution to approve the exercise of the Assets Purchase Option; and


 


(f)


together
with all the shareholders of Party C at that time execute all other requisite contracts, agreements or documents, obtain all requisite
approvals and consents of the government, conduct all necessary actions to transfer the valid ownership, without any security
interest,  of the Object Assets to Party A and/or it Designee, and cause Party A and/or its Designee to be the
registered owner of the Object Assets (if necessary).


 


2.4


Before
Party A obtains the Object Equities or the Object Assets by means of exercising either the Equity Purchase Option or the
Assets Purchase Option, Party B and/or Party C shall entrust Party A to manage Party C pursuant to the Management
Entrustment Agreement entered into by and between Party A and Party C on the same day as this Agreement.


 


3.


Exercise
Conditions






During
the Exercise Period, where Party A deems it necessary and the laws of the P.R.C. at that time permits to purchase the equities
or assets of Party C, Party A may immediately exercise the Equity Purchase Option or the Assets Purchase Option, and
purchase the Object Equities or Object Assets.  Party A shall have the right to choose to exercise either the Equity
Purchase Option or the Assets Purchase Option; and the exercise of the Equity Purchase Option will not affect the exercise of
the Assets Purchase Option and vice versa.






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4.


Exercise
Price


 


4.1


Exercise
price for Equity Purchase Option (“Exercise Price for Equity Purchase Option”) or Exercise price for Assets Purchase
Option (“Exercise Price for Assets Purchase Option”)


 


Unless
an appraisal is required by the laws of P.R.C.for the consummation of the Equity Purchase Option and/or the Assets Purchase Option
when exercised by Party A, the purchase price of the Object Equities and/or Object Assets (the "Purchase Price") shall be an amount
equal to the actual registered capital of Party C corresponding to the Object Equities to be acquired. If only part of the equities
or the assets to be required, the Purchase Price should be an amount equal to the product of (x) the actual registered capital
of Party C and (y) a fraction to be purchased.



If
after the delivery of the Assets Purchase Exercise Notice or the Equity Purchase Option Exercise Notice with a specified Purchase
Price, it is determined that the laws of China do not permit the purchase of the Optioned Equity Interests and/or Assets at the
price provided for herein, the Purchase Price shall be the lowest price allowed by law and Party A shall have the right to rescind
its Purchase option Notice and continue the management arrangements then in place. 


 


5.


Representations
and Warranties


 


5.1


Each
party respectively represents and warranties to the other parties that:


 


5.1.1


it
has the right to execute this Agreement, the Equity Transfer Agreement, and the Assets Transfer Agreement, and the capability
to perform its obligations under this Agreement, the Equity Transfer Agreement, and the Assets Transfer Agreement;


 






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5.1.2


it
has carried out necessary internal derision-making procedures, obtained proper authority, acquired all the necessary consent and
approval of any requisite third party and government authority to enter into and perform its obligations under this Agreement,
the Equity Transfer Agreement, and the Assets Transfer Agreement; and






5.1.3


once
executed, this Agreement, the Equity Transfer Agreement, and the Assets Transfer Agreement will constitute the legal, valid, and
binding obligation of each party, and each party will be subject to compulsory enforcement on it pursuant to the terms and conditions
under this Agreement, the Equity Transfer Agreement, and the Assets Transfer Agreement.


 


5.2


Party
B hereby represents and warrants to Party A that:


 


5.2.1
 Party B is a shareholder, duly and legally registered, of Party C and has paid the subscribed registered capital in
full sum pursuant to the laws of the P.R.C.;






5.2.2
 The Object Equities held by Party B can be freely transferred without anyone's prior consent, and the Object Equitiesare
free of encumbrances of any kind, other than the Security Interest pursuant to the Equity Pledge Agreement.






5.2.3
 Party B has complied with all the laws of theP.R.C.and regulations applicable to the purchase of assets and equities in
connection with this Agreement, the Equity Transfer Agreement, and the Assets Transfer Agreement;






5.2.4
 No litigation, arbitration or administrative procedure relevant to the Object Equities or Party B is in process or to be
settled, and Party B has no knowledge of any pending or threatened claim;






5.2.5
 Party B has not sold or agreed to sellthe ObjectEquities to any third party other than Party A or its Designee, and
Party B has no future plans to sell or agree to sell the Object Equities to any third party other than Party A or its Designee;






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5.2.6
 Party B strictly abides by the obligations under the Articles of Association of Party C.  There are no circumstances
that may affect the legal status of Party B as the shareholder of Party C, or any circumstance that may prevent Party A
from exercising the Equity Purchase Option under this Agreement;






5.2.7
 Neither the execution and delivery of this Agreement, the Equity Transfer Agreements or Assets Transfer Agreements, nor
the performance of the obligations under this Agreement, any Equity Transfer Agreements or Assets Transfer Agreements will: (i) violate
any laws of the P.R.C.;  (ii) conflict with its Articles of Association or other organizational documents; (iii) breach
any contracts or documents to which Party B is a party or which bind Party B; (iv) violate any acquired permits,
approvals or any valid qualifications; or (v) result in the ceasing or revocation or additional conditions to the acquired
permits or approvals;






5.2.8
 Party B, upon the request of Party A, will appoint any person designated by Party A to be the director of Party C;
and






5.2.9
 Party B shall promptly notify Party A of any pending or threatened litigation, arbitration or administrative procedure
related to the assets, business and income of Party C, and tender to Party A the sole control of the defense and settlement
of such claim and cooperate with such defense and/or settlement at its own expense.


 


5.3


Party C
hereby represents and warrants to Party A that:


 


5.3.1
 Party C is a company with limited liability, which has been duly incorporatedand validly existing pursuant to the laws
of the P.R.C.;






5.3.2
 Party C has stated to Party A, in the Article 5.1 of Management Entrustment Agreement by on the same dayas this Agreement,
the legal status of land occupied for production facilities, the legal status of production facilities and the






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contractual
arrangement with the local county government in connection with mining rights surrounding the production facilities.






5.3.3
 Party C complies with all P.R.C. laws and regulations applicable to the purchase of assets and equities in connection
with this Agreement, the Equity Transfer Agreement, and the Assets Transfer Agreement;


 


5.3.4
 The shares of Party C are transferable, and Party C has not permitted or caused any Security Interest to be imposed
upon the shares of Party C, other than the Security Interest pursuant to the Equity Pledge Agreement;


 


5.3.5
 Party C does not have any unpaid debt, other than (i) debt arising fromthe ordinary course of business; and (ii) debt
disclosed to Party A and obtained written consent by Party A;


 


5.3.6
 No litigation, arbitration or administrative procedure relevant to Object Equities, the Object Assets or Party C itself
is in process or to be settled and Party C has no knowledge of any pending or threatened claim;


 


5.3.7
 Party C has not sold or agreed to sell any of its assets to any third party other than Party A or its Designee,
and Party C has no future plans to sell or agree to sell the Object Assets to any third party other than Party A or its Designee;


 


5.3.8
 Neither the execution and delivery of this Agreement, the Equity Transfer Agreements or Assets Transfer Agreements, nor
the performance of the obligations under this Agreement, any Equity Transfer Agreements or Assets Transfer Agreements will: (i) violate
any lawsof the P.R.C.; (ii) conflict with its Articles of Association or other organizational documents; (iii) breach
any contracts or documents to which Party C is a party or which bind Party C; (iv) violate any acquired permits,
approvals or any valid qualifications; or (v) result in the ceasing or revocation or additional conditions to the acquired
permits or approvals;






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5.3.9
 Party C will agree to look for insurance from an insurance company acceptable to Party A.  The amount
and category of insurance shall be the same as those held by the companies which are in the same industry with similar business
and own the similar properties and assets as Party C;






5.3.10
 Upon the request of Party A, Party C shall provide all related operation and finance materials of Party C
to the extent that those materials are available to Party C; and






5.3.11
 Party C shall promptly notify Party A of any pending or threatened litigation, arbitration or administrative procedure
related to the assets, business and income of Party C, and tender to Party A the sole control of the defense and settlement
of such claim and cooperate with such defense and/or settlement at Party C's expense.


 


5.4


Before
Party A obtains the Object Equities and Object Assets of Party C by means of exercising either the Equity Purchase Option
or the Assets Purchase Option, without the prior written consent by Party A, Party B and Party C shall not jointly or
separately:






5.4.1


amend,
modify or revise the Articles of Association of Party C in any form, or change the structure of the shareholders of Party
C;






5.4.2


agree
to increase or decrease the registered capital or the number of existing shareholders of Party C;






5.4.3


cause
Party C to have transactions, which may materially affect the assets, business, net assets or other legal rights and liabilities
of Party C, unless these transactions are related to the ordinary course of business or have been disclosed to and the written
consent from Party A has been obtained;






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5.4.4


transfer
or dispose the Object Equities in any manner or grant any security interest or any other thirdparty right on the Object Equities;


 


5.4.5


sell,
transfer, mortgage or dispose in any other form, any asset, income and any other legal yield and interest of Party C, or
approve any encumbrance or imposition of any Security Interest on Party C’s assets;


 


5.4.6


issue
or provide guarantee, loan or credit to any third party or incur any debt, other than (i) the debt arising from ordinary
course of business; and (ii) the debt has been disclosed to Party A and the written consent by Party A has been
obtained.


 


5.4.7


terminate
or cause Party C to terminate any material agreement (whose definition is at Party A’s discretion at that time)
entered into by Party C, or enter into any agreement that would conflict with the existing material agreements of Party C
and/or Party B;


 


5.4.8


distribute
any distributable profit, bonus, dividends or interests of Party C, unless otherwise stipulated by the laws of the P.R.C.;
or






5.4.9


approve
or adopt any shareholders resolution at a shareholder meeting of Party C which may cause Party C to be merged,acquired
or invested, or to merge, acquire orinvest in or associate with any entity other than Party A.


 


6.


Transfer
of this Agreement


 


6.1


Without
the prior written consent by Party A, Party B and Party C shall not sub-contract, license or transfer its rights and
obligations under this Agreement to any






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third
party or its affiliate; and any transfer of this Agreement without prior written consent of Party A shall be invalid.


 


6.2


Party
B and Party C agree and confirm that Party A may transfer its rights and obligations under this Agreement, without the
consent of Party B and/or Party C, to any third party, provided that Party A notifies Party B and Party C of such
transfer in writing.






7.


Confidentiality


 


7.1


All
parties agree that, all materials, documents, communications and other information obtained in the negotiation, execution or performance
of this Agreement, the Equity Transfer Agreement, and the Assets Transfer Agreement, whether commercial, technical or in any other
form (“Confidential information"), shall be strictly kept confidential and used only for the performance of the obligations
under this Agreement, the Equity Transfer Agreement, and the Assets Transfer Agreement.  Unless the other parties consent
in writing, none of the parties shall release, leak or disclose any Confidential Information to any third party.


 


7.2


Each
party may disclose the Confidential Information in the following circumstances: (1) where the laws, court orders or
the competent courts with jurisdiction require, and such disclosure may be conducted only within such requirement; (2) where the
competent authority or government department requires; (3) where such Confidential Information has been known to the general
public; (4) where such Confidential Information was owned duly and legally by the disclosing party rather obtained from the
other party before the disclosing party obtains it; (5) the information is required to be disclosed subject to the applicable
laws or the rules or provisions of a stock exchange or securities governing authority; and (6) the information is disclosed
by each party to its legal or financial consultant relating the transaction of this Agreement, the Equity Transfer Agreement,
and the Assets Transfer Agreement, and this legal or financial consultant shall comply with the confidentiality set forth in this
Section 7.


 






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However,
for the circumstances aforesaid, where any party discloses the Confidential Information, it shall inform the other parties of
the Confidential Information to be disclosed.


 


7.3


Nonetheless
other provisions of this Section 7, each party shall have the right to disclose the Confidential Information to its lawyer, accountant,
other professional consultants, directors or senior officers; such personnel shall undertake in writing to treat such information
as Confidential Information by taking the measures similar to those provided in 7.1 of this Section.


 


7.4


The
disclosure of the Confidential Information by staff or employed institution of any party shall be deemed as the disclosure of
such Confidential Information by such party, and such party shall bear the liabilities for breaching the agreement.


 


7.5


This
Section 7 shall survive whatever this Agreement is invalid, amended, revoked, terminated or unable to implement by any reason.


 


8.


Liability
for breach


 


8.1


Any
parties shall sufficiently perform this Agreement.  Any Party breaching this Agreement shall bear the liability as arising
out of and in relation thereto.  If such breach causes damages to any other party, the breaching party shall compensate
such party for all such damages.


 


8.2


If
Party B breaches this Agreement, in addition to the remedies stipulated by the laws of the P.R.C., Party A may also take
the following measures:






8.2.1


require
Party B to transfer all or any part of the Object equities immediately at the Exercise Price for Equity Purchase Option to Party A
or its Designee, provided that the laws of the P.R.C. permit at that time; and


 






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8.2.2


requireParty
B to compensate all direct and indirect damages, including but not limited to all the legal fees, travel fees and investigation
fees paid for seeking and enforcing such remedies.


 


8.3


If
Party C breaches this Agreement, in addition to the remedies stipulated by the laws of the P.R.C., Party A may also
take the following measures:


 


8.3.4
require Party C to transfer all or part of the Object Assets immediately at the Exercise Price for Assets Purchase Option
to Party A or its Designee, provided that the laws of the P.R.C. permit at that time;


 


8.3.5
require Party B to exercise the rights as a shareholder of Party C, and cure the breach of Party C; if after ten (10) days
after Party A sends a written notice to Party B or Party C, such breach has not been cured, Party A shall have
the right to require Party B to transfer all or part of the Object Equities immediately at the Exercise price for Equity Purchase
Option to Party A or its Designee provided that the laws of the P.R.C. permit at that time; or






8.3.6
require Party B and Party C to compensate all direct and indirect damages, including but not limited to all the legal fees,
travel fees and investigation fees paid for seeking and enforcing such remedies.


 


9.


Governing
Law and Dispute Resolution






9.1


The
execution, effectiveness, construction, performance, amendment and termination of this Agreement and the resolution of disputes
hereunder shall be governed by the formally published and publicly available laws of the P.R.C.. Matters not covered by formally
published and publicly available laws of the P.R.C. shall be governed by international legal principles and practices.


 


9.2


All
parties agree that any dispute arising from or in relation to this Agreement shall first be settled by the friendly negotiation
of both parties.  If the negotiation fails






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within
45 days, each party shall have the right to file the dispute with China International Economic and Trade Arbitration Commission
(“CIETAC”) in Beijing for arbitration pursuant to the currently effective arbitration rules of CIETAC at the
time of application.  This arbitration shall be final and bind all parties and shall be enforceable in any court of
competent jurisdiction.  The arbitration fees shall be born by the losing party.






9.3


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.


 


10.


Effect
and Termination


 


10.1


This
Agreement shall come into effect on and after the date that it is signed and/or stamped by all parties.


 


10.2


In
any of the following circumstances, this Agreement shall be terminated:


 


10.2.1


where,
during the Exercise Period, all parties reach an agreement to terminate this Agreement;






10.2.2


where,
during the Exercise Period, Party A notifies the other parties thirty (30) days in advance to terminate this Agreement;
in such circumstance, Party A shall not assume any liabilities as arising out of and in relation thereto;


 


10.2.3


at
the expiration of the Exercise Period provided; however, Party A may extend the Exercise Period and this Agreement in its
sole discretion; or


 


10.2.4


upon
the unanimous agreement by all parties.


 






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10.3


Section7
regarding confidentiality and Section 12 regarding indemnification shall survive the termination of this Agreement.


 


11.


Taxes
and Fees






All
taxes and fees resulting from the execution and performance of this Agreement, the Equity Purchase Agreement and the Assets Purchase
Agreement shall be borne by Party A.


 


12.


Indemnification






Party
B and Party C shall indemnify and hold harmless Party A or its Designee, their affiliates and each of their respective
successors and assigns, and their respective officers, directors, employees and agents (collectively, “Indemnified Party”)
from and against any liabilities, claims (including claims by third parties), demands, judgments, losses, costs, damages or expenses
whatsoever (including reasonable attorneys', consultants' and other professional fees and disbursements of every kind, nature
and description) (collectively, “Damages”) such Indemnified Party may sustain, suffer or incur and that result
from, arise out of or relate to the willful breach of this Agreement, the Equity Purchase Agreement and the Assets Purchase Agreement
by Party B or Party C.


 


13.


General
Terms


 


13.1


Entire
Agreement.  This Agreement and the Exhibits and Schedules hereto contain the entire understanding between the parties,
no other representations, warranties or covenants having induced any party to execute this Agreement, and supersede all prior
or contemporaneous agreements with respect to the subject matter hereof.  All references to schedules and exhibits are
to exhibits and schedules attached to and to become a part of this Agreement unless otherwise indicated.


 


13.2


Amendment.  Any
amendment and/or rescission shall be in writing and signed by the authorized representatives of all parties.  Such revision
shall be a valid integral part of this Agreement.






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13.3


Headings.  The
headings of any Sections or other portion of this Agreement are for convenience only and are not to be considered in construing
this Agreement.






13.4


Construction.  References
in this Agreement to "Sections," "Schedules" and "Exhibits" shall be to the Sections, Schedules and Exhibits of this Agreement,
unless otherwise specifically provided; any use in this Agreement of the singular or plural, or the masculine, feminine or neuter
gender, shall be deemed to include the others, unless the context otherwise requires; the words "herein”, "hereof" and "hereunder"
and words of similar import, when used in this Agreement, shall refer to this Agreement as a whole and not to any particular provision
of this Agreement; the word "including" when used in this Agreement shall mean “including without limitation”; and except
as otherwise specified in this Agreement, all references in this Agreement (a) to any agreement, document, certificate or
other written instrument shall be a reference to such agreement, document, certificate or instrument, in each case together with
all exhibits, schedules, attachments and appendices thereto, and as amended, restated, supplemented or otherwise modified from
time to time in accordance with the terms thereof; and (b) to any law, statute or regulation shall be deemed references
to such law, statute or regulation as the same may be supplemented, amended, consolidated, superseded or modified from time to
time.


 


13.5


Severability.  Any
provision hereof that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the
extent of such prohibition or unenforceability, without invalidating the remaining provisions hereof, and any such prohibition
or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.


 


13.6


Waiver.  No
failure or delay of either party to enforce any right hereunder shall constitute a waiver of any such right hereunder.  No
waiver shall be effective hereunder unless in writing and a waiver shall only be effective for the specific act or circumstance
for which it is given and not for any future act or circumstance.


 






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13.7


Succession
of this Agreement.  This Agreement shall bind the successors and transferees of all parties.


 


13.8


Language.  This
Agreement is in both Chinese and English and signed by all parties, and the two versions have the same effect.  Should
there be any discrepancy between the two language versions, the Chinese version shall prevail.


 


13.9


Copies
of this Agreement.  This Agreement shall be executed in four counterparts; each party holds one and the restare used
for the transaction of related formalities.  Each of the copies shall be deemed as the original one and has the same
effect.


 










[The
remainder of this page is intentionally left blank.]






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IN
WITNESS HEREOF, all parties have signed this Agreement on the date specified on the first page of this Agreement by their
respective authorized representatives.






Party A:HuashangWujie
(Beijing) Internet Technology Co., Ltd.(seal)


Legal Representative (signature):






Party B:  Yahong
Zhao(signature):






Party C: Beijing Huashangjie Electronic Business Service Co., Ltd.(seal)


Legal Representative (signature):






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EXCLUSIVE
PURCHASE OPTION AGREEMENT


 


This
ExclusivePurchase Option Agreement (this “Agreement”) is entered into by and among all the parties below on  February
5, 2015, in Beijing, the People’s Republic of China (“P.R.C.”):


  


Party A:HuashangWujie
(Beijing) Internet Technology Co., Ltd., a wholly foreign-owned enterprise which has been duly organized and is validly existing
under the laws of the P.R.C., with its address at Room 255, Building 2#, No. 15, Wanyuan Street, Beijing Economic-Technological
Development Area, Beijing, P.R.C.






Party B:  Yinghua
Zhang, a citizen of the P.R.C. with Chinese identification No.: 131082197509220775, with the address at Room 6, Line
4, Department  No. 3, Meijian Company, Quanshan District, Xuzhou City, Jiangsu Province, P.R.C.; and






Party C: Beijing Huashangjie Electronic Business Service Co., Ltd.,
a company with limited liability which has been duly incorporated and is validly existing in the territory of the P.R.C. pursuant
to the laws of the P.R.C.with its address atFloor No. 23, Building A, Caizhi International Mansion, No. 18, Zhongguancun East
Road, Haidian District, Beijing, P.R.C.






In
this Agreement, each of Party A, Party B and Party C shall be referred to as a “Party” respectively, and they shall
be collectively referred to as the “Parties”.


 


WHEREAS:


 


(1)
On the date of execution of this Agreement, Party B is one of the shareholders of Party C and duly holds 7% of the shares of Party
C;






(2)
Party B agrees to irrevocably confer Party A an exclusive option to purchase all the equities Party B holdsin Party C,
so that Party A or the third party designated by Party A (“Designee”) may have the right to purchase all the






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equities
Party Bholdsin Party C (“Object Equities”) at any time when the law of the P.R.C. permits and Party A deems it
proper.  And Party A agrees to accept the above-mentioned exclusivepurchase option.






(3)
Party C agrees to irrevocably confer Party A the purchase option to purchase all the assets of Party C, so that
Party A or its Designee may have the right to purchase all the assets of Party C (“Object Assets”) at any
time when the laws of the P.R.C. permits and Party A deems it proper.  Andall the shareholders of Party C agree to such
grant and Party A agrees to accept the above-mentioned exclusivepurchase option.






NOW,
THEREFORE, with the consensus reached through negotiation, all parties have entered into this Agreement and agreed to abide
by it pursuant to the applicable laws, regulations and rules of the P.R.C. (“laws of the P.R.C.”).






1.


Conferring
and Exercise of Purchase Option






1.3


ExclusivePurchase
Option of the Object Equities.  Party B agrees to irrevocably confer Party A the exclusive option to purchase all
the equities Party B holds in Party C (“Equity Purchase Option”):






1.3.1


During
the Term of Entrusted Operationagreed upon  in the  Management Entrustment Agreement entered into between Party A and
Party C (named “Exercise Period” in this Agreement), dated on  February 5, 2015, Party A or its Designee
shall have the right to purchase all or part of the equitiesParty B holds in Party C pursuant to the related terms and conditions
under this Agreement and at the Exercise Price for Equity Purchase Option (as defined hereunder), provided that the laws of the
P.R.C. at that time permits.  Party B agrees to enter into an Equity Transfer Agreement (“Equity Transfer Agreement”)
with Party A or its Designee in the format.  


 


1.3.2


Where
the laws of the P.R.C. permits and Party A sends the Equity Purchase Exercise Notice (as defined in Subsection 2.2.1), Party
B and Party C shall






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unconditionally
cooperate with Party A to carry out the above procedures and transfer all or part of the Object Equities to Party A
or its Designee, and transact all necessary formalities such as review and approval, permit, registration and filing.


 


1.3.3


The
Object Equities shall be free of any Security Interest.  For the purpose of this Agreement, Security Interest means
any mortgage, pledge, the right or interest of the third party, any purchase right of equity interest, right of acquisition, right
of first refusal, right of set-off, ownership detainment or other security arrangements; however, it does not include any security
interests created under Equity the Pledge Agreement entered into by Party A and Party B on the same day as this Agreement
(“Equity Pledge Agreement”).


 


1.3.4


During
the Exercise Period, if the holding of all or part of the Object Equities by Party B is or will be deemed to violate the applicable
laws, Party B and Party C shall immediately send a written notice to Party A to explain the reason in detail.


 


1.4


ExclusivePurchase
Option to the Object Assets.  Party C here agrees to irrevocably confer Party A the purchase option to purchase
all of its assets (“Assets Purchase Option”).  The Equity Purchase Option and the Assets Purchase Option
collectively are referred to as “Purchase Option”:


 


1.4.1


During
the Exercise Period, Party A or its Designee shall have the right to purchase all or part of the assets owned by Party C
pursuant to the terms and conditions under this Agreement at the Exercise Price for Assets Purchase Option or a percentage thereof
(as defined hereunder), provided that the laws of the P.R.C. at that time permits.  Party C agrees to enter into
an assets transfer agreement (“Assets Transfer Agreement”) with Party A or its Designee.






1.4.2


Where
the laws of the P.R.C. permits and Party A sends the Asset Purchase Exercise Notice (as defined in Subsection 2.3.1),
Party B and Party C shall unconditionally cooperate with Party A to carry out the above procedures and transfer all






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or
part of the Object Assets to Party A or its Designee, and transact all necessary formalities such as review and approval,
permit, registration and filing.


 


1.4.3


When
Party A exercises the Assets Purchase Option, Party Band Party C shall ensure other shareholders of Party C will approve
the asset transfer under this Agreement.


 


2.


Exercise
Steps


 


2.1


Pursuant
to the applicable laws of the P.R.C., Party A shall have the right to determine the time, manner and number of purchases
for the Purchase Option.


 


2.2


Exercise
steps to purchase equities:


 


2.2.1


During
the Exercise Period, Party A may send an exercise notice (“Equity Purchase Exercise Notice”) to Party B
to exercise the Equity Purchase Option under this Agreement to purchase all or part of the Object Equities or transfer all or
part of the Object Equities to a Designee, provided that the laws of the P.R.C. permits at that time.


 


2.2.2


Upon
receipt of the Equity Purchase Notice pursuant to Subsection 2.2.1 above,or earlier if requested by Party A, party B
shall immediately:


 


(a)


obtain
the waiver concerning the first refusalof other shareholders of Party C at that time on the purchase of such equities;






(b)


enter
into an Equity Transfer Agreement in the format attached as Annex 1 hereto with Party A and/or its Designee according
the requirements of the Equity Purchase Exercise Notice;


 


(c)


revise
the Articles of Association of Party C together with Party A and/or its Designee and other shareholders of Party C
at that time pursuant to the Equity Transfer Agreement;






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(d)


cause
Party C to promptly convene a shareholder’s meeting to pass the resolutions to approve the equity transfer pursuant to the
exercise of the Equity Purchase Option and the amendment to the Articles of Association of Party C;


 


(e)


together
with Party A and/or its Designee and other shareholders of Party C at that time, handle all necessary approval and examination,
registration and filing procedures required by the laws of the P.R.C. within thirty (30) business days as of the date of
receipt of the Equity Purchase Exercise Noticeby Party B or an earlier time agreed upon by the parties; and






(f)


execute
all other requisite contracts, agreements or documents, obtain all requisite approvals and consents of the government, conduct
all necessary actions to transfer the valid ownership,without any Security Interest,of the Object Equities to Party A and/or
its Designee, and cause Party A and/or its Designee to be the registered owner of the Object Equities.


 


2.3


Exercise
steps to purchase assets:


 


2.3.1


During
the Exercise Period, Party A may send an exercise notice (“Assets Purchase Exercise Notice”) to Party C
to exercise the Assets Purchase Option under this Agreement, purchase all or part of the Object Assets owned by Party C or
transfer all or part of the Object Assets to a Designee, provided that the laws of the P.R.C. permits at that time.






2.3.2


Once
Party C receives the Assets Purchase Exercise Notice pursuant to Subsection 2.3.1 aboveor earlier if requested by Party A,
Party C shall immediately:


 






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(a)


enter
into an Assets Transfer Agreement in the format attached as Annex 2 hereto and any other necessary agreements with Party A
and/or its Designee according to the requirements set forth in the Assets Purchase Exercise Notice;


 


(b)


convene
a shareholder's meeting to pass the resolution to approve the exercise of the Assets Purchase Option; and


 


(c)


together
with all the shareholders of Party C at that time execute all other requisite contracts, agreements or documents, obtain all requisite
approvals and consents of the government, conduct all necessary actions to transfer the valid ownership, without any security
interest,  of the Object Assets to Party A and/or it Designee, and cause Party A and/or its Designee to be the
registered owner of the Object Assets (if necessary).


 


2.4


Before
Party A obtains the Object Equities or the Object Assets by means of exercising either the Equity Purchase Option or the
Assets Purchase Option, Party B and/or Party C shall entrust Party A to manage Party C pursuant to the Management
Entrustment Agreement entered into by and between Party A and Party C on the same day as this Agreement.


 


3.


Exercise
Conditions






During
the Exercise Period, where Party A deems it necessary and the laws of the P.R.C. at that time permits to purchase the equities
or assets of Party C, Party A may immediately exercise the Equity Purchase Option or the Assets Purchase Option, and
purchase the Object Equities or Object Assets.  Party A shall have the right to choose to exercise either the Equity
Purchase Option or the Assets Purchase Option; and the exercise of the Equity Purchase Option will not affect the exercise of
the Assets Purchase Option and vice versa.






4.


Exercise
Price


 






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4.2


Exercise
price for Equity Purchase Option (“Exercise Price for Equity Purchase Option”) or Exercise price for Assets Purchase
Option (“Exercise Price for Assets Purchase Option”)


 


Unless
an appraisal is required by the laws of P.R.C.for the consummation of the Equity Purchase Option and/or the Assets Purchase Option
when exercised by Party A, the purchase price of the Object Equities and/or Object Assets (the "Purchase Price") shall be an amount
equal to the actual registered capital of Party C corresponding to the Object Equities to be acquired. If only part of the equities
or the assets to be required, the Purchase Price should be an amount equal to the product of (x) the actual registered capital
of Party C and (y) a fraction to be purchased.



If
after the delivery of the Assets Purchase Exercise Notice or the Equity Purchase Option Exercise Notice with a specified Purchase
Price, it is determined that the laws of China do not permit the purchase of the Optioned Equity Interests and/or Assets at the
price provided for herein, the Purchase Price shall be the lowest price allowed by law and Party A shall have the right to rescind
its Purchase option Notice and continue the management arrangements then in place. 


 


5.


Representations
and Warranties


 


5.5


Each
party respectively represents and warranties to the other parties that:


 


5.1.1


it
has the right to execute this Agreement, the Equity Transfer Agreement, and the Assets Transfer Agreement, and the capability
to perform its obligations under this Agreement, the Equity Transfer Agreement, and the Assets Transfer Agreement;


 


5.1.2


it
has carried out necessary internal derision-making procedures, obtained proper authority, acquired all the necessary consent and
approval of any requisite third party and government authority to enter into and perform its obligations






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under
this Agreement, the Equity Transfer Agreement, and the Assets Transfer Agreement; and






5.1.3


once
executed, this Agreement, the Equity Transfer Agreement, and the Assets Transfer Agreement will constitute the legal, valid, and
binding obligation of each party, and each party will be subject to compulsory enforcement on it pursuant to the terms and conditions
under this Agreement, the Equity Transfer Agreement, and the Assets Transfer Agreement.


 


5.6


Party
B hereby represents and warrants to Party A that:


 


5.2.10
 Party B is a shareholder, duly and legally registered, of Party C and has paid the subscribed registered capital in
full sum pursuant to the laws of the P.R.C.;






5.2.11
 The Object Equities held by Party B can be freely transferred without anyone's prior consent, and the Object Equitiesare
free of encumbrances of any kind, other than the Security Interest pursuant to the Equity Pledge Agreement.






5.2.12
 Party B has complied with all the laws of theP.R.C.and regulations applicable to the purchase of assets and equities in
connection with this Agreement, the Equity Transfer Agreement, and the Assets Transfer Agreement;






5.2.13
 No litigation, arbitration or administrative procedure relevant to the Object Equities or Party B is in process or to be
settled, and Party B has no knowledge of any pending or threatened claim;






5.2.14
 Party B has not sold or agreed to sellthe ObjectEquities to any third party other than Party A or its Designee, and
Party B has no future plans to sell or agree to sell the Object Equities to any third party other than Party A or its Designee;






5.2.15
 Party B strictly abides by the obligations under the Articles of Association of Party C.  There are no circumstances
that may affect the legal status of Party B as






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the
shareholder of Party C, or any circumstance that may prevent Party A from exercising the Equity Purchase Option under
this Agreement;






5.2.16
 Neither the execution and delivery of this Agreement, the Equity Transfer Agreements or Assets Transfer Agreements, nor
the performance of the obligations under this Agreement, any Equity Transfer Agreements or Assets Transfer Agreements will: (i) violate
any laws of the P.R.C.;  (ii) conflict with its Articles of Association or other organizational documents; (iii) breach
any contracts or documents to which Party B is a party or which bind Party B; (iv) violate any acquired permits,
approvals or any valid qualifications; or (v) result in the ceasing or revocation or additional conditions to the acquired
permits or approvals;






5.2.17
 Party B, upon the request of Party A, will appoint any person designated by Party A to be the director of Party C;
and






5.2.18
 Party B shall promptly notify Party A of any pending or threatened litigation, arbitration or administrative procedure
related to the assets, business and income of Party C, and tender to Party A the sole control of the defense and settlement
of such claim and cooperate with such defense and/or settlement at its own expense.


 


5.3


Party C
hereby represents and warrants to Party A that:


 


5.3.12
 Party C is a company with limited liability, which has been duly incorporatedand validly existing pursuant to the laws
of the P.R.C.;






5.3.13
 Party C has stated to Party A, in the Article 5.1 of Management Entrustment Agreement by on the same dayas this Agreement,
the legal status of land occupied for production facilities, the legal status of production facilities and the contractual arrangement
with the local county government in connection with mining rights surrounding the production facilities.










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5.3.14
 Party C complies with all P.R.C. laws and regulations applicable to the purchase of assets and equities in connection
with this Agreement, the Equity Transfer Agreement, and the Assets Transfer Agreement;


 


5.3.15
 The shares of Party C are transferable, and Party C has not permitted or caused any Security Interest to be imposed
upon the shares of Party C, other than the Security Interest pursuant to the Equity Pledge Agreement;


 


5.3.16
 Party C does not have any unpaid debt, other than (i) debt arising fromthe ordinary course of business; and (ii) debt
disclosed to Party A and obtained written consent by Party A;


 


5.3.17
 No litigation, arbitration or administrative procedure relevant to Object Equities, the Object Assets or Party C itself
is in process or to be settled and Party C has no knowledge of any pending or threatened claim;


 


5.3.18
 Party C has not sold or agreed to sell any of its assets to any third party other than Party A or its Designee,
and Party C has no future plans to sell or agree to sell the Object Assets to any third party other than Party A or its Designee;


 


5.3.19
 Neither the execution and delivery of this Agreement, the Equity Transfer Agreements or Assets Transfer Agreements, nor
the performance of the obligations under this Agreement, any Equity Transfer Agreements or Assets Transfer Agreements will: (i) violate
any lawsof the P.R.C.; (ii) conflict with its Articles of Association or other organizational documents; (iii) breach
any contracts or documents to which Party C is a party or which bind Party C; (iv) violate any acquired permits,
approvals or any valid qualifications; or (v) result in the ceasing or revocation or additional conditions to the acquired
permits or approvals;


 


5.3.20
 Party C will agree to look for insurance from an insurance company acceptable to Party A.  The amount
and category of insurance shall be the same as






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those
held by the companies which are in the same industry with similar business and own the similar properties and assets as Party C;






5.3.21
 Upon the request of Party A, Party C shall provide all related operation and finance materials of Party C
to the extent that those materials are available to Party C; and






5.3.22
 Party C shall promptly notify Party A of any pending or threatened litigation, arbitration or administrative procedure
related to the assets, business and income of Party C, and tender to Party A the sole control of the defense and settlement
of such claim and cooperate with such defense and/or settlement at Party C's expense.


 


5.4


Before
Party A obtains the Object Equities and Object Assets of Party C by means of exercising either the Equity Purchase Option
or the Assets Purchase Option, without the prior written consent by Party A, Party B and Party C shall not jointly or
separately:






5.4.10


amend,
modify or revise the Articles of Association of Party C in any form, or change the structure of the shareholders of Party
C;






5.4.11


agree
to increase or decrease the registered capital or the number of existing shareholders of Party C;






5.4.12


cause
Party C to have transactions, which may materially affect the assets, business, net assets or other legal rights and liabilities
of Party C, unless these transactions are related to the ordinary course of business or have been disclosed to and the written
consent from Party A has been obtained;


 


5.4.13


transfer
or dispose the Object Equities in any manner or grant any security interest or any other thirdparty right on the Object Equities;






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5.4.14


sell,
transfer, mortgage or dispose in any other form, any asset, income and any other legal yield and interest of Party C, or
approve any encumbrance or imposition of any Security Interest on Party C’s assets;


 


5.4.15


issue
or provide guarantee, loan or credit to any third party or incur any debt, other than (i) the debt arising from ordinary
course of business; and (ii) the debt has been disclosed to Party A and the written consent by Party A has been
obtained.


 


5.4.16


terminate
or cause Party C to terminate any material agreement (whose definition is at Party A’s discretion at that time)
entered into by Party C, or enter into any agreement that would conflict with the existing material agreements of Party C
and/or Party B;


 


5.4.17


distribute
any distributable profit, bonus, dividends or interests of Party C, unless otherwise stipulated by the laws of the P.R.C.;
or






5.4.18


approve
or adopt any shareholders resolution at a shareholder meeting of Party C which may cause Party C to be merged,acquired
or invested, or to merge, acquire orinvest in or associate with any entity other than Party A.


 


6.


Transfer
of this Agreement


 


6.1


Without
the prior written consent by Party A, Party B and Party C shall not sub-contract, license or transfer its rights and
obligations under this Agreement to any third party or its affiliate; and any transfer of this Agreement without prior written
consent of Party A shall be invalid.


 






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6.2


Party
B and Party C agree and confirm that Party A may transfer its rights and obligations under this Agreement, without the
consent of Party B and/or Party C, to any third party, provided that Party A notifies Party B and Party C of such
transfer in writing.






7.


Confidentiality


 


7.1


All
parties agree that, all materials, documents, communications and other information obtained in the negotiation, execution or performance
of this Agreement, the Equity Transfer Agreement, and the Assets Transfer Agreement, whether commercial, technical or in any other
form (“Confidential information"), shall be strictly kept confidential and used only for the performance of the obligations
under this Agreement, the Equity Transfer Agreement, and the Assets Transfer Agreement.  Unless the other parties consent
in writing, none of the parties shall release, leak or disclose any Confidential Information to any third party.


 


7.2


Each
party may disclose the Confidential Information in the following circumstances: (1) where the laws, court orders or
the competent courts with jurisdiction require, and such disclosure may be conducted only within such requirement; (2) where the
competent authority or government department requires; (3) where such Confidential Information has been known to the general
public; (4) where such Confidential Information was owned duly and legally by the disclosing party rather obtained from the
other party before the disclosing party obtains it; (5) the information is required to be disclosed subject to the applicable
laws or the rules or provisions of a stock exchange or securities governing authority; and (6) the information is disclosed
by each party to its legal or financial consultant relating the transaction of this Agreement, the Equity Transfer Agreement,
and the Assets Transfer Agreement, and this legal or financial consultant shall comply with the confidentiality set forth in this
Section 7.


 


However,
for the circumstances aforesaid, where any party discloses the Confidential Information, it shall inform the other parties of
the Confidential Information to be disclosed.


 






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7.3


Nonetheless
other provisions of this Section 7, each party shall have the right to disclose the Confidential Information to its lawyer, accountant,
other professional consultants, directors or senior officers; such personnel shall undertake in writing to treat such information
as Confidential Information by taking the measures similar to those provided in 7.1 of this Section.


 


7.4


The
disclosure of the Confidential Information by staff or employed institution of any party shall be deemed as the disclosure of
such Confidential Information by such party, and such party shall bear the liabilities for breaching the agreement.


 


7.5


This
Section 7 shall survive whatever this Agreement is invalid, amended, revoked, terminated or unable to implement by any reason.


 


8.


Liability
for breach


 


8.1


Any
parties shall sufficiently perform this Agreement.  Any Party breaching this Agreement shall bear the liability as arising
out of and in relation thereto.  If such breach causes damages to any other party, the breaching party shall compensate
such party for all such damages.


 


8.2


If
Party B breaches this Agreement, in addition to the remedies stipulated by the laws of the P.R.C., Party A may also take
the following measures:






8.2.1


require
Party B to transfer all or any part of the Object equities immediately at the Exercise Price for Equity Purchase Option to Party A
or its Designee, provided that the laws of the P.R.C. permit at that time; and


 


8.2.2


requireParty
B to compensate all direct and indirect damages, including but not limited to all the legal fees, travel fees and investigation
fees paid for seeking and enforcing such remedies.


 






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8.3


If
Party C breaches this Agreement, in addition to the remedies stipulated by the laws of the P.R.C., Party A may also
take the following measures:


 


8.3.1
require Party C to transfer all or part of the Object Assets immediately at the Exercise Price for Assets Purchase Option
to Party A or its Designee, provided that the laws of the P.R.C. permit at that time;


 


8.3.2
require Party B to exercise the rights as a shareholder of Party C, and cure the breach of Party C; if after ten (10) days
after Party A sends a written notice to Party B or Party C, such breach has not been cured, Party A shall have
the right to require Party B to transfer all or part of the Object Equities immediately at the Exercise price for Equity Purchase
Option to Party A or its Designee provided that the laws of the P.R.C. permit at that time; or






8.3.3
require Party B and Party C to compensate all direct and indirect damages, including but not limited to all the legal fees,
travel fees and investigation fees paid for seeking and enforcing such remedies.


 


9.


Governing
Law and Dispute Resolution






9.1


The
execution, effectiveness, construction, performance, amendment and termination of this Agreement and the resolution of disputes
hereunder shall be governed by the formally published and publicly available laws of the P.R.C.. Matters not covered by formally
published and publicly available laws of the P.R.C. shall be governed by international legal principles and practices.


 


9.2


All
parties agree that any dispute arising from or in relation to this Agreement shall first be settled by the friendly negotiation
of both parties.  If the negotiation fails within 45 days, each party shall have the right to file the dispute
with China International Economic and Trade Arbitration Commission (“CIETAC”) in Beijing for arbitration pursuant
to the currently effective arbitration rules of CIETAC at the time of application.  This arbitration shall be final
and bind all parties and shall be






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enforceable
in any court of competent jurisdiction.  The arbitration fees shall be born by the losing party.






9.3


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.


 


10.


Effect
and Termination


 


10.1


This
Agreement shall come into effect on and after the date that it is signed and/or stamped by all parties.


 


10.2


In
any of the following circumstances, this Agreement shall be terminated:


 


10.2.1


where,
during the Exercise Period, all parties reach an agreement to terminate this Agreement;






10.2.2


where,
during the Exercise Period, Party A notifies the other parties thirty (30) days in advance to terminate this Agreement;
in such circumstance, Party A shall not assume any liabilities as arising out of and in relation thereto;


 


10.2.3


at
the expiration of the Exercise Period provided; however, Party A may extend the Exercise Period and this Agreement in its
sole discretion; or


 


10.2.4


upon
the unanimous agreement by all parties.


 


10.3


Section7
regarding confidentiality and Section 12 regarding indemnification shall survive the termination of this Agreement.


 


11.


Taxes
and Fees






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All
taxes and fees resulting from the execution and performance of this Agreement, the Equity Purchase Agreement and the Assets Purchase
Agreement shall be borne by Party A.


 


12.


Indemnification






Party
B and Party C shall indemnify and hold harmless Party A or its Designee, their affiliates and each of their respective
successors and assigns, and their respective officers, directors, employees and agents (collectively, “Indemnified Party”)
from and against any liabilities, claims (including claims by third parties), demands, judgments, losses, costs, damages or expenses
whatsoever (including reasonable attorneys', consultants' and other professional fees and disbursements of every kind, nature
and description) (collectively, “Damages”) such Indemnified Party may sustain, suffer or incur and that result
from, arise out of or relate to the willful breach of this Agreement, the Equity Purchase Agreement and the Assets Purchase Agreement
by Party B or Party C.


 


13.


General
Terms


 


13.1


Entire
Agreement.  This Agreement and the Exhibits and Schedules hereto contain the entire understanding between the parties,
no other representations, warranties or covenants having induced any party to execute this Agreement, and supersede all prior
or contemporaneous agreements with respect to the subject matter hereof.  All references to schedules and exhibits are
to exhibits and schedules attached to and to become a part of this Agreement unless otherwise indicated.


 


13.2


Amendment.  Any
amendment and/or rescission shall be in writing and signed by the authorized representatives of all parties.  Such revision
shall be a valid integral part of this Agreement.


 


13.3


Headings.  The
headings of any Sections or other portion of this Agreement are for convenience only and are not to be considered in construing
this Agreement.






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13.4


Construction.  References
in this Agreement to "Sections," "Schedules" and "Exhibits" shall be to the Sections, Schedules and Exhibits of this Agreement,
unless otherwise specifically provided; any use in this Agreement of the singular or plural, or the masculine, feminine or neuter
gender, shall be deemed to include the others, unless the context otherwise requires; the words "herein”, "hereof" and "hereunder"
and words of similar import, when used in this Agreement, shall refer to this Agreement as a whole and not to any particular provision
of this Agreement; the word "including" when used in this Agreement shall mean “including without limitation”; and except
as otherwise specified in this Agreement, all references in this Agreement (a) to any agreement, document, certificate or
other written instrument shall be a reference to such agreement, document, certificate or instrument, in each case together with
all exhibits, schedules, attachments and appendices thereto, and as amended, restated, supplemented or otherwise modified from
time to time in accordance with the terms thereof; and (b) to any law, statute or regulation shall be deemed references
to such law, statute or regulation as the same may be supplemented, amended, consolidated, superseded or modified from time to
time.


 


13.5


Severability.  Any
provision hereof that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the
extent of such prohibition or unenforceability, without invalidating the remaining provisions hereof, and any such prohibition
or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.


 


13.6


Waiver.  No
failure or delay of either party to enforce any right hereunder shall constitute a waiver of any such right hereunder.  No
waiver shall be effective hereunder unless in writing and a waiver shall only be effective for the specific act or circumstance
for which it is given and not for any future act or circumstance.


 


13.7


Succession
of this Agreement.  This Agreement shall bind the successors and transferees of all parties.


 






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13.8


Language.  This
Agreement is in both Chinese and English and signed by all parties, and the two versions have the same effect.  Should
there be any discrepancy between the two language versions, the Chinese version shall prevail.


 


13.9


Copies
of this Agreement.  This Agreement shall be executed in four counterparts; each party holds one and the restare used
for the transaction of related formalities.  Each of the copies shall be deemed as the original one and has the same
effect.


 










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IN
WITNESS HEREOF, all parties have signed this Agreement on the date specified on the first page of this Agreement by their
respective authorized representatives.






Party A:HuashangWujie
(Beijing) Internet Technology Co., Ltd.(seal)


Legal Representative (signature):






Party B:  Yinghua
Zhang(signature):






Party C: Beijing Huashangjie Electronic Business Service Co., Ltd.(seal)


Legal Representative (signature):










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