Document:

Share
Disposal Agreement

 

This
Share Disposal Agreement (this “Agreement”) is executed by and among the following Parties as of June 15, 2019 in
Guangzhou, Guangdong, the People’s Republic of China (“China” or the “PRC”):

 

	Party
    A:	Beijing
    Shengshitong Technology Co., Ltd.
	 	 
	Address:	28
    Xinxi Road Jia, Building B, Room 02D-189, Haidian District, Beijing, PRC
	 	 
	Party
    B:	Xinyu
    Yang
	 	 
	Address:	100
    Huangpu Ave West, Building A, Suite 1208, Tianhe District, Guangzhou, Guangdong, PRC
	 	 
	Party
    C:	Guangdong
    Yungu Media Joint Venture Company 
	 	 
	Address:	100
    Huangpu Ave West, Building A, Suite 1208, Tianhe District, Guangzhou, Guangdong, PRC

 

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,
Party B holds 97.9% of the equity interest in Party C. Party A and Party C have executed Business Cooperation Agreement and other
control agreements (the “Control Agreements”).

 

Now
therefore, upon mutual discussion and negotiation, the Parties have reached the following agreement:

 

 

 

	1	Sale
    and Purchase of Equity Interest

 

	 	1.1	Option
    Granted

 

In
consideration of the payment of RMB 1 by Party A, the receipt and adequacy of which is hereby acknowledged by Party B, Party B
hereby irrevocably agrees that, on the condition that it is permitted by the PRC laws, Party A has the right to require Party
B to fulfill and complete all approval and registration procedures required under PRC laws for Party A to purchase, or designate
one or more persons (each, a “Designee”) to purchase, Party B’s equity interests in Party C, once or at multiple
times at any time in part or in whole at Party A’s sole and absolute discretion and at the price described in Section 1.3
herein (such right being the “Equity Interest Purchase Option”). Party A’s Equity Interest Purchase Option shall
be exclusive. Except for Party A and the Designee(s), no other person shall be entitled to the Equity Interest Purchase Option
or other rights with respect to the equity interests of Party B. Party C hereby agrees to the grant by Party B of the Equity Interest
Purchase Option to Party A. The term “person” as used herein shall refer to individuals, corporations, partnerships,
partners, enterprises, trusts or non-corporate organizations.

 

    	 
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	 	1.2	Steps
    for Exercise of Equity Interest Purchase Option

 

Subject
to the provisions of the laws and regulations of China, Party A may exercise the Equity Interest Purchase Option by issuing a
written notice to Party B (the “Equity Interest Purchase Option Notice”), specifying: (a) Party A’s decision
to exercise the Equity Interest Purchase Option; (b) the portion of equity interests to be purchased from Party B (the “Optioned
Interests”); and (c) the date for purchasing the Optioned Interests and/or the date for transfer of the Optioned Interests.

 

	 	1.3	Equity
    Interest Purchase Price

 

The
purchase price of the Optioned Interests (the “Base Price”) shall be the lowest price allowed by the laws of China.
If appraisal is required by the laws of China at the time when Party A exercises the Equity Interest Purchase Option, the Parties
shall negotiate in good faith and based on the appraisal result make necessary adjustment to the Equity Interest Purchase Price
so that it complies with any and all then applicable laws of China (collectively, the “Equity Interest Purchase Price”).

 

	 	1.4	Transfer
    of Optioned Interests

 

For
each exercise of the Equity Interest Purchase Option:

 

	 	1.4.1	Party
    B shall cause Party C to promptly convene a shareholders’ meeting, at which a resolution shall be adopted approving
    Party B’s transfer of the Optioned Interests to Party A and/or the Designee(s);
	 	 	 
	 	1.4.2	Party
    B shall obtain written statements from the other shareholders of Party C giving consent to the transfer of the equity interest
    to Party A and/or the Designee(s) and waiving any right of first refusal related thereto.
	 	 	 
	 	1.4.3	Party
    B shall execute a share transfer contract with respect to each transfer with Party A and/or each Designee (whichever is applicable),
    in accordance with the provisions of this Agreement and the Equity Interest Purchase Option Notice regarding the Optioned
    Interests;

 

    	 
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	 	1.4.4	The
    relevant Parties shall execute all other necessary contracts, agreements or documents, obtain all necessary government licenses
    and permits and take all necessary actions to transfer valid ownership of the Optioned Interests to Party A and/or the Designee(s),
    unencumbered by any security interests, and cause Party A and/or the Designee(s) to become the registered owner(s) of the
    Optioned Interests. For the purpose of this Section and this Agreement, “security interests” shall include securities,
    mortgages, third party’s rights or interests, any stock options, acquisition right, right of first refusal, right to
    offset, ownership retention or other security arrangements, but shall be deemed to exclude any security interest created by
    this Agreement and Party B’s Equity Pledge Agreement. “Party B’s Equity Pledge Agreement” as used
    in this Section and this Agreement shall refer to the Equity Pledge Agreement (“Party B’s Equity Pledge Agreement”)
    executed by and among Party A, Party B and Party C as of the date hereof, whereby Party B pledges all of its equity interests
    in Party C to Party A, in order to guarantee Party C’s performance of its obligations under the Control Agreements executed
    by and between Party C and Party A.

 

	2	Covenants

 

	 	2.1	Covenants
    regarding Party C

 

Party
B (as the shareholders of Party C) and Party C hereby covenant as follows:

 

	 	2.1.1	Without
    the prior written consent of Party A, they shall not in any manner supplement, change or amend the articles of association
    and bylaws of Party C, increase or decrease its registered capital, or change its structure of registered capital in other
    manners;
	 	 	 
	 	2.1.2	They
    shall maintain Party C’s corporate existence in accordance with good financial and business standards and practices
    by prudently and effectively operating its business and handling its affairs;
	 	 	 
	 	2.1.3	Without
    the prior written consent of Party A, they shall not at any time following the date hereof, sell, transfer, mortgage or dispose
    of in any manner any assets of Party C or legal or beneficial interest in the business or revenues of Party C, or allow the
    encumbrance thereon of any security interest;
	 	 	 
	 	2.1.4	Without
    the prior written consent of Party A, they shall not incur, inherit, guarantee or suffer the existence of any debt, except
    for (i) debts incurred in the ordinary course of business other than through loans; and (ii) debts disclosed to Party A for
    which Party A’s written consent has been obtained;
	 	 	 
	 	2.1.5	They
    shall always operate all of Party C’s businesses during the ordinary course of business to maintain the asset value
    of Party C and refrain from any action/omission that may affect Party C’s operating status and asset value;
	 	 	 
	 	2.1.6	Without
    the prior written consent of Party A, they shall not cause Party C to execute any major contract, except the contracts in
    the ordinary course of business (for purpose of this subsection, a contract with a price exceeding RMB 100,000 shall be deemed
    a major contract);

 

    	 
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	 	2.1.7	Without
    the prior written consent of Party A, Party C shall not cause Party C to provide any person with any loan or credit;
	 	 	 
	 	2.1.8	They
    shall provide Party A with information on Party C’s business operations and financial condition at Party A’s request;
	 	 	 
	 	2.1.9	If
    requested by Party A, Party C shall procure and maintain insurance in respect of Party C’s assets and business from
    an insurance carrier acceptable to Party A, at an amount and type of coverage typical for companies that operate similar businesses;
	 	 	 
	 	2.1.10	Without
    the prior written consent of Party A, Party C shall not cause or permit Party C to merge, consolidate with, acquire or invest
    in any person;
	 	 	 
	 	2.1.11	They
    shall immediately notify Party A of the occurrence or possible occurrence of any litigation, arbitration or administrative
    proceedings relating to Party C’s assets, business or revenue;
	 	 	 
	 	2.1.12	To
    maintain the ownership by Party C of all of its assets, they shall execute all necessary or appropriate documents, take all
    necessary or appropriate actions and file all necessary or appropriate complaints or raise necessary and appropriate defenses
    against all claims;
	 	 	 
	 	2.1.13	Without
    the prior written consent of Party A, they shall ensure that Party C shall not in any manner distribute dividends to its shareholders,
    provided that upon Party A’s written request, Party C shall immediately distribute all distributable profits to its
    shareholders; and
	 	 	 
	 	2.1.14	At
    the request of Party A, they shall appoint any persons designated by Party A as directors of Party C; without the prior written
    consent of Party A, they shall not replace the directors of Party C.

 

	 	2.2	Covenants
    of Party B

 

Party
B hereby covenants as follows:

 

	 	2.2.1	Without
    the prior written consent of Party A, Party B shall not sell, transfer, encumber or dispose of in any other manner any legal
    or beneficial interest in the equity interests in Party C held by Party B, or allow the encumbrance thereon of any security
    interest, except for the pledge placed on these equity interests in accordance with Party B’s Equity Pledge Agreement;

 

    	 
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	 	2.2.2	Party
    B shall cause the shareholders’ meeting and/or the board of directors of Party C not to approve the sale, transfer,
    encumberance or disposition in any other manner of any legal or beneficial interest in the equity interests in Party C held
    by Party B, or allow the encumbrance thereon of any security interest, without the prior written consent of Party A, except
    for the pledge placed on these equity interests in accordance with Party B’s Equity Pledge Agreement;
	 	 	 
	 	2.2.3	Party
    B shall cause the shareholders’ meeting or the board of directors of Party C not to approve the merger or consolidation
    with any person, or the acquisition of or investment in any person, without the prior written consent of Party A;
	 	 	 
	 	2.2.4	Party
    B shall immediately notify Party A of the occurrence or possible occurrence of any litigation, arbitration or administrative
    proceedings relating to the equity interests in Party C held by Party B;
	 	 	 
	 	2.2.5	Party
    B shall cause the shareholders’ meeting or the board of directors of Party C to vote their approval of the transfer
    of the Optioned Interests as set forth in this Agreement and to take any and all other actions that may be requested by Party
    A;
	 	 	 
	 	2.2.6	To
    the extent necessary to maintain Party B’s ownership in Party C, Party B shall execute all necessary or appropriate
    documents, take all necessary or appropriate actions and file all necessary or appropriate complaints or raise necessary and
    appropriate defenses against all claims;
	 	 	 
	 	2.2.7	Party
    B shall appoint any designee of Party A as director and/or executive director of Party C, at the request of Party A; without
    the prior written consent of Party A, they shall not replace the directors of Party C;
	 	 	 
	 	2.2.8	Party
    B shall issue such power of attorney as Party A may request from time to time, to authorize Party A and/or the individual
    designated by Party A to exercise Party B’s voting rights as a shareholder in Party C.
	 	 	 
	 	2.2.9	At
    the request of Party A at any time, Party B shall promptly and unconditionally transfer its equity interests in Party C to
    Party A’s Designee(s) in accordance with the Equity Interest Purchase Option under this Agreement, and Party B hereby
    waives its right of first refusal to the respective share transfer by the other existing shareholder of Party C (if any);
    and
	 	 	 
	 	2.2.10	 Party
    B shall strictly abide by the provisions of this Agreement and other contracts jointly or separately executed by and among
    Party B, Party C and Party A, perform the obligations hereunder and thereunder, and refrain from any action/omission that
    may affect the effectiveness and enforceability thereof. If Party B retains any additional rights other than those rights
    provided for under this Agreement, Party B’s Equity Pledge Agreement and the powers of attorney issued to Party A and/or
    the individual designated by Party A, Party B shall not exercise such rights without Party A’s written direction.

 

    	 
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	3	Representations
    and Warranties

 

Party
B and Party C hereby represent and warrant to Party A, jointly and severally, as of the date of this Agreement that:

 

	 	3.1	They
    have the authority to execute and deliver this Agreement and any share transfer contracts to which they are parties concerning
    the Optioned Interests to be transferred thereunder (each, a “Transfer Contract”), and to perform their obligations
    under this Agreement and any Transfer Contracts. Party B and Party C agree to enter into Transfer Contracts consistent with
    the terms of this Agreement upon Party A’s exercise of the Equity Interest Purchase Option. This Agreement and the Transfer
    Contracts to which they are parties constitute or will constitute their legal, valid and binding obligations and shall be
    enforceable against them in accordance with the provisions thereof;
	 	 	 
	 	3.2	The
    execution and delivery of this Agreement or any Transfer Contracts and the obligations under this Agreement or any Transfer
    Contracts shall not: (i) cause any violation of any applicable laws of China; (ii) be inconsistent with the articles of association,
    bylaws or other organizational documents of Party C; (iii) cause the violation of any contracts or instruments to which they
    are a party or which are binding on them, or constitute any breach under any contracts or instruments to which they are a
    party or which are binding on them; (iv) cause any violation of any condition for the grant and/or continued effectiveness
    of any licenses or permits issued to either of them; or (v) cause the suspension or revocation of or imposition of additional
    conditions to any licenses or permits issued to either of them;
	 	 	 
	 	3.3	Party
    B has a good and merchantable title to the equity interests in Party C he holds. Except for Party B’s Equity Pledge
    Agreement, Party B has not placed any security interest on such equity interests;
	 	 	 
	 	3.4	Party
    C has a good and merchantable title to all of its assets, and has not placed any security interest on the aforementioned assets;
	 	 	 
	 	3.5	Party
    C does not have any outstanding debts, except for (i) debt incurred in the ordinary course of business; and (ii) debts disclosed
    to Party A for which Party A’s written consent has been obtained.
	 	 	 
	 	3.6	Party
    C has complied with all laws and regulations of China applicable to equity or asset acquisitions; and
	 	 	 
	 	3.7	There
    are no pending or threatened litigation, arbitration or administrative proceedings relating to the equity interests in Party
    C, assets of Party C or Party C.

 

    	 
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	4	Effective
    Date

 

This
Agreement shall become effective upon the date hereof, and remain effective until all the equity interest owned by Party B in
Party C has been legally transferred to Party A or the Designee(s) in accordance with this Agreement.

 

	5	Governing
    Law and Resolution of Disputes

 

	 	5.1	Governing
    law

 

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 China. Matters not covered by formally published
and publicly available laws of China shall be governed by international legal principles and practices.

 

	 	5.2	Methods
    of Resolution of Disputes

 

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

 

	6	Taxes
    and Fees

 

Each
Party shall pay any and all transfer and registration tax, expenses and fees incurred thereby or levied thereon in accordance
with the laws of China in connection with the preparation and execution of this Agreement and the Transfer Contracts, as well
as the consummation of the transactions contemplated under this Agreement and the Transfer Contracts.

 

	7	Notices

 

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

 

	 	7.1.1	Notices
    given by personal delivery, by courier service or by registered mail, postage prepaid, shall be deemed effectively given on
    the date of acceptance or refusal at the address specified for notices.

 

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

 

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

 

	Party
    A:	Beijing
    Shengshitong Technology Co., Ltd.
	 	 
	Address:	28
    Xinxi Road Jia, Building B, Room 02D-189, Haidian District, Beijing, PRC
	 	 
	Attn:	Xinyu
    Yang and Xiaomin Chan
	 	 
	Email:	Xiaomin_Chan@163.com
	 	 
	Party
    B and C:	Xinyu
    Yang and Guangdong Yungu Media Joint Stock Company 
	 	 
	Address:	100
    Huangpu Ave West, Building A, Suite 1208, Tianhe District, Guangzhou, Guangdong, PRC
	 	 
	Attn:	Xinyu
    Yang and Xiaomin Chan
	 	 
	Email:	Xiaomin_Chan@163.com

 

	 	7.3	If
    any Party change its address for notices or its contact person, a notice shall be delivered to the other Party in accordance
    with the terms hereof.

 

	8	Confidentiality

 

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

 

    	 
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	9	Further
    Warranties

 

The
Parties agree to promptly execute documents that are reasonably required for or are conducive to the implementation of the provisions
and purposes of this Agreement and take further actions that are reasonably required for or are conducive to the implementation
of the provisions and purposes of this Agreement.

 

	10	Miscellaneous

 

	 	10.1	Amendment,
    change and supplement

 

Any
amendment, change and supplement to this Agreement shall require the execution of a written agreement by all of the Parties.

 

	 	10.2	Entire
    agreement

 

Except
for the amendments, supplements or changes in writing executed after the execution of this Agreement, this Agreement shall constitute
the entire agreement reached by and among the Parties hereto with respect to the subject matter hereof, and shall supersede all
prior oral and written consultations, representations and contracts reached with respect to the subject matter of this Agreement.

 

	 	10.3	Headings

 

The
headings of this Agreement are for convenience only, and shall not be used to interpret, explain or otherwise affect the meanings
of the provisions of this Agreement.

 

	 	10.4	Reserved

 

	 	10.5	Severability

 

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

 

    	 
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	 	10.6	Successors

 

This
Agreement shall be binding on and shall inure to the interest of the respective successors of the Parties and the permitted assigns
of such Parties.

 

	 	10.7	Waivers

 

Any
Party may waive the terms and conditions of this Agreement, provided that such a waiver must be provided in writing and shall
require the signatures of the Parties. No waiver by any Party in certain circumstances with respect to a breach by other Parties
shall operate as a waiver by such a Party with respect to any similar breach in other circumstances.

 

	 	10.8	Survival

 

	 	10.8.1	Any
    obligations that occur or that are due as a result of this Agreement upon the expiration or early termination of this Agreement
    shall survive the expiration or early termination thereof.

 

	 	10.8.2	The
provisions of Sections 5, 7, 8 and this Section 10.8 shall survive the termination of this Agreement.

 

	 	10.9	Indemnification

 

	 	10.9.1	The
    Parties agree and confirm that, if any Party (the “Defaulting Party”) is in material breach of any provisions
    herein or fails to perform any obligations hereunder in any material respect, such breach or failure shall constitute a default
    under this Agreement (the “Default”), which shall entitle non-defaulting Party to request Defaulting Party
    to rectify or remedy such Default with a reasonable period of time. If the Defaulting Party fails to rectify or remedy such
    Default within the reasonable period of time or within 10 days of non-defaulting Party’s written notice requesting for
    such rectification or remedy, the non-defaulting Party shall be entitled to elect any one of the following remedial actions:
    (a) to terminate this Agreement and request the Defaulting Party to fully compensate its losses and damages; (b) to request
    the specific performance by the Defaulting Party of its obligations hereunder and request the Defaulting Party to fully compensate
    non-defaulting Party’s losses and damages; or (c) to enforce the pledge under the Party B’s Equity Pledge Agreement
    by selling, auctioning or exchanging the pledged equity thereunder and receive payment in priority from the proceeds derived
    therefrom, and in the meantime, request the Defaulting Party to fully compensate non-defaulting Party for any losses as a
    result thereof.

 

	 	10.9.2	The
    rights and remedies provided for in this Agreement shall be accumulative and shall not affect any other rights and remedies
    stipulated at law.

 

[THE
SIGNATURE PAGE FOLLOWS]

 

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

 

	Party
    A:	Beijing
    Shengshitong Technology Co., Ltd.	 
	 	 	 
	By:	 	 
	Name:	Xinyu
    Yang	 
	Title:	Legal
    Representative	 
	 	 	 
	Party
    B:	Xinyu
    Yang	 
	 	 	 
	By:	 	 
	 	 	 
	Party
    C:	Guangdong
    Yungu Joint Stock Company 	 
	 	 	 
	By:	 	 
	Name:	Xinyu
    Yang	 
	Title:	Legal
    Representative	 

 

    	 
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NOTE
EXCHANGE AGREEMENT

 

This
Note Exchange Agreement (the “Agreement”), is made and entered into on June 15, 2019 (the “Effective
Date”), by and among SSLJ.com Limited, a Cayman Islands company (the “Company”), Guandong Yungu Media
Joint Stock Company (“Yungu PRC” or “Debtor”), a joint stock company formed under the laws
of People’s Republic of China, and Xinyu Yang, an individual residing in Guangzhou, China (the “Noteholder”).
The Noteholder, Company and Yungu PRC are sometimes hereinafter collectively referred to as the “Parties” and
each individually as a “Party.”

 

RECITALS

 

WHEREAS,
the Company, Yungu PRC, the Noteholder, and Beijing Shengshitong Technology Co. Ltd. (“WOFE”), a company formed
under the laws of People’s Republic of China have entered into a Share Exchange Agreement (the “Exchange Agreement”),
dated June 15, 2019;

 

WHEREAS,
the WFOE, Noteholder and Yungu PRC have entered into the Business Cooperation Agreement, Equity Pledge Agreement, Voting Rights
Proxy Agreement, and Share Disposal Agreement (collectively, the “VIE Agreements”) dated June 15, 2019, pursuant
to which the WFOE manages the operations of Yungu PRC and its subsidiaries;

 

WHEREAS,
on the closing of the Exchange Agreement (the “Closing”), the Noteholder who is the majority shareholder of
Yungu PRC and sole shareholder of WFOE will exchange all of his equity securities in WFOE and will receive class A ordinary shares
of the Company, and as a result WFOE will become a wholly-owned subsidiary of the Company;

 

WHEREAS,
as of the Effective Date, the Company has authorized 7,800,000 shares of Class B ordinary shares(the “Class B Shares”),
par value $0.00625 per share, 7,127,728 shares of which are issued and outstanding;

 

WHEREAS,
as of December 31, 2018 and March 31, 2019, the Noteholder owned RMB14,850,000 (approximately $2,146,667 USD) and RMB23,146,300
(approximately $3,345,953 USD) (the “Principal Amount”) of debt (the “Note”) of Yungu PRC,
which does not bear any interest and is due on demand;

 

WHEREAS,
the Noteholder has agreed to exchange for or convert his Note into Class B Shares of the Company at the Exchange Ratio, as defined
below; and

 

WHEREAS,
the Parties have determined that it is desirable and in the best interests of the Parties to enter into this Agreement and consummate
the transactions contemplated herein.

 

AGREEMENT

 

NOW,
THEREFORE, in consideration of the foregoing and the mutual promises, representations, warranties, covenants and agreements herein
contained, the Parties hereto, intending to be legally bound, hereby agree as follows:

 

ARTICLE
1

CONVERTIBLE
NOTE EXCHANGE

 

1.1.
Convertible Note Exchange. Upon Closing, as defined in Section4.1, the Noteholder shall transfer,
convey, assign and deliver to the Company all of his Note free and clear of all Liens in exchange for an aggregate of 961,481
shares of Class B Shares which shall be held under the name of Hong Kong Langkun Investment Co., Limited, the sole owner of which
is the Noteholder.

 

    	 	 	 

    	 	 	 

    

 

1.2.
Exchange Ratio. The Note shall be converted into Class B Shares such that for each $3.48 of the Note the Noteholder shall
receive one share of Class B Share (the “Exchange Ratio”). The Exchange Ratio is the result of the volume weighted
average price of the Company’s Class A ordinary shares during a twenty-day trading period immediately before June 12, 2019.
Any fractional share shall be rounded up to the nearest whole share.

 

1.3.
Change of the Company’s Registration Record. Simultaneously with or as soon as practicable after the Closing, the Company
shall reflect the Noteholder’s ownership of the Class B Shares and shall issue the Noteholder certificates in paper or in
book entry evidencing his ownership of the Class B Shares.

 

1.4.
Shareholder Approval to Increase the Number of Authorized Class B Shares. Prior to the Closing of the Transactions contemplated
herein, the Company shall hold a shareholder meeting to approve the increase in the number of authorized Class B Shares in order
to issue 961,481 shares of Class B Shares to the Noteholder.

 

ARTICLE
2

REPRESENTATIONS
AND WARRANTIES OF THE NOTEHOLDER

 

The
Noteholder represents and warrants to the Parties, as follows:

 

2.1.
Power and Authority. All acts required to be taken by each of the Noteholder to enter into this Agreement and to carry out
the transactions described herein have been properly taken. The obligations of the Noteholder under this Agreement constitute
legal, valid and binding obligations of the Noteholder, enforceable against the Noteholder in accordance with the terms hereof.

 

2.2.
No Conflicts. The execution and delivery of this Agreement by each of the Noteholder (i) will not require the consent of any
Governmental Entity under any Laws; (ii) will not violate any Law, regulations or ordinances applicable to such Noteholder; and
(iii) will not violate or breach any contractual obligations of such Noteholder based on any Contract to which the Noteholder
is a party and which prohibits the Transactions contemplated hereby.

 

2.3.
No Finder’s Fee. Neither the Noteholder nor its agent or representative has engaged any broker or finder or incurred
any liability for any brokerage fees, commissions or finders’ fees in connection with the Transactions contemplated herein.

 

2.4.
Convert Entirely for Own Account. The Class B Shares to be acquired by the Noteholder hereunder will be acquired for investment
for his own accounts, and not with a view to resale or distribution of any part thereof, and the Noteholder has no present intent
of selling or otherwise distributing any of Class B Shares (or shares of common stock issuable upon conversion of the Class B
Shares), except in compliance with applicable securities laws.

 

2.5.
Available Information. Each Noteholder has such knowledge and experience in financial and business matters that he or she
is capable of evaluating the merits and risks of an equity investment in the Company and has had an opportunity to ask questions
of and receive answers from the management team of the Company relative to the financial condition and affairs of the Company.
The Noteholder has access to all the disclosure documents filed by the Company with the Securities and Exchange Commission pursuant
to its obligations under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

 

    	 	2	 

    	 	 	 

    

 

2.6.
Noteholder Status. The Noteholder is an “accredited investor” as defined in Rule 501(a) under the Securities Act
of 1933, as amended.

 

ARTICLE
3

REPRESENTATIONS
AND WARRANTIES OF THE COMPANY

 

The
Company represents and warrants to the other Parties that:

 

3.1.
Organization, Standing and Corporate Power. The Company is duly organized, validly existing and in good standing under the
Laws of Cayman Islands and has the requisite corporate power and authority and all government licenses, authorizations, permits,
consents and approvals required to own, lease and operate its properties and carry on its business as now being conducted.

 

The
execution and delivery of this Agreement by the Company and the consummation of the Transactions contemplated by this Agreement
will not result in any Material violation of the Company’s memorandum and articles of association, as amended from time
to time, or any applicable Law.

 

3.2.
Capital Structure of the Company. As of the date of this Agreement, all outstanding ordinary
shares of the Company are duly authorized, validly issued, fully paid and nonassessable and not subject to preemptive rights.
As of the date hereof, there are 2,727,170 shares of Class A ordinary shares of the Company issued and outstanding, 7,127,728
shares of Class B Shares issued and outstanding, 961,481 shares of Class B Shares to be issued upon Closing, and 200,000 shares
of blank check preferred stock authorized for issuance of which none has been issued. The Class B Shares will be, when issued
in accordance with this Agreement and subject to Section 1.4, duly authorized and non-accessible. As soon as practicable
after the Closing, the Company shall update its share registration record to reflect the ownership of the Class B Shares of the
Noteholder exchanged pursuant to this Agreement. 

 

3.3.
Governmental Authorization. No consent, approval, Order or authorization of, or registration,
declaration or filing with, or notice to, any Governmental Entity, is required in connection with the execution and delivery of
this Agreement or the consummation of the Transactions contemplated hereby.

 

3.4.
Board Recommendation. The board of directors of the Company (the “Board”) has determined that the terms
of the Transactions are fair to and in the best interests of the existing shareholders of the Company.

 

3.5.
No Conflicts. The execution and delivery of this Agreement by the Company (i) will not violate any Law, regulations or ordinances
applicable to the Company; and (ii) will not violate or breach any contractual obligations of the Company based on any Contract
to which the Company is a party and which prohibits the Transactions contemplated hereby.

 

ARTICLE
4

CLOSING
AND DELIVERIES

 

4.1.
Conditions Prior to the Closing. On or before the Closing of the Transactions contemplated herein (the “Closing”), the following events shall have occurred:

 

(i)
the shareholder approval as set forth in Section 1.4 shall be obtained;

 

(ii)
delivery of the approval or consent of the Company’s Board with respect to the Transactions contemplated herein; and

 

(iii)
Closing of the Merger as set forth in the Exchange Agreement.

 

    	 	3	 

    	 	 	 

    

 

4.2
Deliveries from the Company. On the date of Closing (the “Closing Date”), the Company shall issue and deliver
to the Noteholder a stock certificate or a position report evidencing the shares of Class B Shares to be issued to the Noteholder
in the amount of 961,481 shares.

 

4.3
Deliveries from the Noteholder. On the Closing Date, the Noteholder shall deliver or cause to be delivered to the Company
and Yungu the Note held by him in the Principal Amount accompanied with appropriate documents, as shall be reasonably acceptable
to the Company and Yungu, consenting to the cancellation of such Note.

 

4.4
Consent to Cancellation. Yungu PRC hereby agrees to the cancellation of the Note held by the Noteholder pursuant to this Agreement
and will reflect this cancellation on its books and records.

 

ARTICLE
5

SURVIVAL

 

The
representations and warranties of the Noteholder and the Company described respectively in Articles 2 and 3 shall survive the
Closing of the Exchange Agreement and this Agreement for two years, unless any of the events is waived by all of the Parties collectively.

 

ARTICLE
6

TERMINATION

 

6.1.
Termination. This Agreement may be terminated and rescinded at any time (the “Termination
Date”) prior to the Closing Date:

 

(i)
by either the Company, or the Noteholder, if any of the Parties has breached any representation or warranty set forth in this
Agreement and such breach has resulted or can reasonably be expected to result in a Material Adverse Change on such other Parties
or would prevent or Materially delay the consummation of the Transactions; or

 

(ii)
by any Party, if a permanent injunction or other Order by any court which would make illegal or otherwise restrain or prohibit
the consummation of the Transactions shall have been issued and shall have become final and nonappealable.

 

6.2.
Notice of Termination. Any termination of this Agreement will be effective immediately upon by the delivery of written notice
of the terminating Party to the other Parties hereto specifying with reasonable particularity the reason for such termination.

 

ARTICLE
7

MISCELLANEOUS

 

7.1.
Entire Agreement and Amendment. This Agreement constitutes the entire agreement among the Parties relating to the subject
matter hereof, superseding any and all prior or contemporaneous oral and prior written agreements, understandings and letters
of intent. This Agreement may not be modified or amended nor may any right be waived except by a writing which expressly refers
to this Agreement, states that it is a modification, amendment or waiver and is signed by all Parties with respect to a modification
or amendment or the Party granting the waiver with respect to a waiver. Neither course of conduct or dealing nor trade custom
or usage shall modify any provisions of this Agreement.

 

7.2.
Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule
of law, or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect
so long as the economic or legal substance of the Transactions contemplated hereby is not affected in any manner adverse to any
Party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the Parties
hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as
possible, in a mutually acceptable manner, to the end that Transactions are fulfilled to the extent possible.

 

    	 	4	 

    	 	 	 

    

 

7.3.
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York applicable
to Contracts made and to be performed entirely within such a jurisdiction.

 

7.4.
Parties in Interest. This Agreement shall be binding upon and inure to the benefits of the Parties hereto.

 

7.5.
Counterparts. This Agreement may be executed simultaneously in two or more counterparts, any one of which need not contain
the signatures of more than one Party, but all such counterparts taken together will constitute one and the same Agreement. This
Agreement, to the extent delivered by means of a facsimile machine or electronic mail (any such delivery, an “Electronic
Delivery”), shall be treated in all manner and respects as an original agreement or instrument and shall be considered
to have the same binding legal effect as if it were the original signed version thereof delivered in person. At the request of
any Party hereto, each other Party hereto shall re-execute original forms hereof and deliver them in person to all other Parties.

 

ARTICLE
8

DEFINITIONS

 

The
following terms, as used in the Agreement, have the following meanings:

 

“Assets”
shall mean all of the assets, properties, businesses and rights of such Person of every kind, nature, character and description,
whether real, personal or mixed, tangible or intangible, accrued or contingent, or otherwise relating to or utilized in such Person’s
business, directly or indirectly, in whole or in part, whether or not carried on the books and records of such Person, and whether
or not owned in the name of such Person or any Affiliate of such Person and wherever located.

 

“Contract”
means any written or oral agreement, arrangement, commitment, contract, indenture, instrument, lease, obligation, plan, restriction,
understanding or undertaking of any kind or character, or other document to which any Person is a party or by which such Person
is bound

 

“Governmental
Entity” shall mean any government or any agency, bureau, board, directorate, commission, court, department, official,
political subdivision, tribunal, or other instrumentality of any government, whether federal, local, domestic or foreign.

 

“Knowledge”
means the actual knowledge of the officers of a party, and knowledge that a reasonable person in such capacity should have after
due inquiry.

 

“Law”
means any code, law, ordinance, regulation, reporting or licensing requirement, rule, or statute applicable to a Person or its
Assets, liabilities or business, including those promulgated, interpreted or enforced by any Governmental Entity.

 

“Lien”
means, with respect to any asset, any mortgage, lien, pledge, charge, security interests or encumbrance of any kind in respect
to such asset, other than any encumbrances created by the Parent.

 

“Material”
and “Materially” for purposes of this Agreement shall be determined in light of the facts and circumstances
of the matter in question; provided that any specific monetary amount stated in this Agreement shall determine Materiality in
that instance.

 

    	 	5	 

    	 	 	 

    

 

“Material
Adverse Change” means, with respect to any Person or Party, a material adverse change on the condition (financial
or otherwise), business, Assets, liabilities or the reported or reasonably anticipated future results or prospects of such Person
taken as a whole; provided, however, that any adverse change, event, development or effect arising from or relating to any of
the following shall not be taken into account in determining whether there has been a material adverse change: (a) general business
or economic conditions, (b) national or international political or social conditions, including the engagement by or Taiwan in
hostilities, whether or not pursuant to the declaration of a national emergency or war, or the occurrence of any military or terrorist
attack upon Taiwan, or any of its territories, possessions, or diplomatic or consular offices or upon any military installation,
equipment or personnel of Taiwan, (c) financial, banking, or securities markets (including any disruption thereof and any decline
in the price of any security or any market index), (d) changes in generally accepted accounting principles, (e) changes in laws,
rules, regulations, orders, or other binding directives issued by any Governmental Entity or (f) the taking of any action required
by this Agreement and the other agreements contemplated hereby.

 

“Order”
means any administrative decision or award, decree, injunction, judgment, order, quasi-judicial decision or award, ruling, or
writ of any Governmental Entity.

 

“Person”
means an individual, a corporation, a partnership, an association, a trust, a limited liability company or any other entity or
organization, including a government or political subdivision or any agency or instrumentality thereof.

 

[Remainder
of this page intentionally left blank.]

 

    	 	6	 

    	 	 	 

    

 

IN
WITNESS WHEREOF, each of the Parties has caused this Note Exchange Agreement to be executed on the date first written above by
their respective officers thereunto duly authorized.

 

	 	COMPANY: SSLJ.com Limited
	 	 	 
	 	By:	 
	 	Name:	Xinyu
    Yang
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	NOTEHOLDERE: Xinyu Yang
	 	 	 
	 	By:	 
	 	Name:	Xinyu
    Yang 
	 	Title:	Individual
    Noteholder

 

	 	Guandong Yungu Media Joint Stock Company
	 	 	 
	 	By:	
	 	Name:
    	Xinyu
    Yang
	 	Title:
    	Chairman
    and Chief Executive Officer

 

    	 	7

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