Document:

Exhibit 10.2

 

EMPLOYMENT AGREEMENT

 

This EMPLOYMENT AGREEMENT
(the “Agreement”) is entered into as of         , 20         by
and between Weidai Ltd., an exempted company incorporated and existing under the laws of the Cayman Islands (the “Company”)
and                   , an individual
with [          passport/ID number                                   ]
(the   Executive ).

 

RECITALS

 

WHEREAS, the Company desires to employ the
Executive and to assure itself of the services of the Executive during the term of Employment (as defined below) and under the
terms and conditions of the Agreement;

 

WHEREAS, the Executive desires to be employed
by the Company during the term of Employment and under the terms and conditions of the  Agreement;

 

AGREEMENT

 

NOW, THEREFORE, in consideration of the premises
and the mutual covenants and agreements herein contained, the Company and the Executive agree as follows:

 

		1.	EMPLOYMENT

 

The Company hereby agrees to employ the
Executive and the Executive hereby accepts such employment, on the terms and conditions hereinafter set forth (the
“Employment”).

 

		2.	TERM

 

Subject to the terms and conditions of the
Agreement, the initial term of the Employment shall be       years, commencing on                  ,
(the “Effective Date”) and ending on        , (the “Initial
Term”), unless terminated earlier pursuant to the terms of the Agreement. Upon expiration of the Initial Term of the
Employment, the Employment shall be automatically extended for successive periods of months each (each, an “Extension
Period”) unless either party shall have given 60 days advance written notice to the other party, in the manner set forth
in Section 19 below, prior to the end of the Extension Period in question, that the term of this Agreement that is in effect at
the time such written notice is given is not to be extended or further extended, as the case may be (the period during which this
Agreement is effective being referred to hereafter as the “Term”).

 

		3.	POSITION AND DUTIES

 

		(a)	During the Term, the Executive shall serve as               of
the Company or in such other position or positions with a level of duties and responsibilities consistent with the foregoing with
the Company and/or its subsidiaries and affiliated entities as the board of directors of the Company (the “Board”)
may specify from time to time and shall have the duties, responsibilities and obligations customarily assigned to individuals serving
in the position or positions in which the Executive serves hereunder and as assigned by the Board, or with the, by the Company’s
Chief Executive Officer.

 

     

     

    

 

		(b)	The Executive agrees to serve without additional compensation, if elected or appointed thereto,
as a director of the Company or any subsidiaries or affiliated entities of the Company (collectively, the “Group”)
and as a member of any committees of the board of directors of any such entity, provided that the Executive is indemnified for
serving in any and all such capacities on a basis no less favorable than is currently provided to any other director of any member
of the Group.

 

		(c)	The Executive agrees to devote all of his/her working time and efforts to the performance of his/her
duties for the Company and to faithfully and diligently serve the Company in accordance with the Agreement and the guidelines,
policies and procedures of the Company approved from time to time by the Board.

 

		4.	NO BREACH OF CONTRACT

 

The Executive hereby represents to the Company
that: (i) the execution and delivery of the Agreement by the Executive and the performance by the Executive of the Executive’s
duties hereunder shall not constitute a breach of, or otherwise contravene, the terms of any other agreement or policy to which
the Executive is a party or by which the Executive is otherwise bound, except that the Executive does not make any representation
with respect to agreements required to be entered into by and between the Executive and any member of the Group pursuant to the
applicable law of the jurisdiction in which the Executive is based, if any; (ii) that the Executive is not in possession of any
information (including, without limitation, confidential information and trade secrets) the knowledge of which would prevent the
Executive from freely entering into the Agreement and carrying out his/her duties hereunder; and (iii) that the Executive is not
bound by any confidentiality, trade secret or similar agreement with any person or entity other than any member of the Group.

 

		5.	LOCATION

 

The Executive will be based in          ,
or any other location as requested by the Company during the Term.

 

		6.	COMPENSATION AND BENEFITS

 

		(a)	Cash Compensation. As compensation
                                         for the performance by the Executive of his/her obligations hereunder, during the Term,
                                         the Company shall pay the Executive cash compensation (inclusive of the statutory benefit
                                         contributions that the Company is required to set aside for the Executive under applicable
                                         law) pursuant to Schedule A hereto, subject to annual review and adjustment by
                                         the Board or any committee designated by the Board.

 

		(b)	Equity Incentives. During the
                                         Term, the Executive shall be eligible to participate, at a level comparable to similarly
                                         situated executives of the Company, in such long-term compensation arrangements as may
                                         be authorized from time to time by the Board, including any share incentive plan the
                                         Company may adopt from time to time in its sole discretion.

 

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		(c)	Benefits. During the Term, the
                                         Executive shall be entitled to participate in all of the employee benefit plans and arrangements
                                         made available by the Company to its similarly situated executives, including, but not
                                         limited to, any retirement plan, medical insurance plan and travel/holiday policy, subject
                                         to and on a basis consistent with the terms, conditions and overall administration of
                                         such plans and arrangements.

 

		7.	TERMINATION OF THE AGREEMENT

 

The Employment may be terminated as follows:

 

		(a)	Death. The
                                         Employment shall terminate upon the Executive’s death.

 

		(b)	Disability. The Employment shall
                                         terminate if the Executive has a disability, including any physical or mental impairment
                                         which, as reasonably determined by the Board, renders the Executive unable to perform
                                         the essential functions of his/her position at the Company, even with reasonable accommodation
                                         that does not impose an undue burden on the Company, for more than 180 days in any 12-month
                                         period, unless a longer period is required by applicable law, in which case that longer
                                         period shall apply.

 

		(c)	Cause. The Company may terminate
                                         the Executive’s employment hereunder for Cause. The occurrence of any of the following,
                                         as reasonably determined by the Company, shall be a reason for Cause, provided that,
                                         if the Company determines that the circumstances constituting Cause are curable, then
                                         such circumstances shall not constitute Cause unless and until the Executive has been
                                         informed by the Company of the existence of Cause and given an opportunity of ten business
                                         days to cure, and such Cause remains uncured at the end of such ten-day period:

 

		(1)	continued failure by the Executive to satisfactorily perform his/her duties;

 

		(2)	willful misconduct or gross negligence by the Executive in the performance of his/her duties hereunder,
including insubordination;

 

		(3)	the Executive’s conviction or entry of a guilty or nolo contendere plea of any felony
or any misdemeanor involving moral turpitude;

 

		(4)	the Executive’s commission of any act involving dishonesty that results in material financial,
reputational or other harm, monetary or otherwise, to any member of the Group, including but not limited to an act constituting
misappropriation or embezzlement of the property of any member of the Group as determined in good faith by the Board; or

 

		(5)	any material breach by the Executive of this Agreement.

 

		(d)	Good Reason. The Executive may
                                         terminate his/her employment hereunder for “Good Reason” upon the occurrence,
                                         without the written consent of the Executive, of an event constituting a material breach
                                         of this Agreement by the Company that has not been fully cured within ten business days
                                         after written notice thereof has been given by the Executive to the Company setting forth
                                         in sufficient detail the conduct or activities the Executive believes constitute grounds
                                         for Good Reason, including but not limited to: the failure by the Company to pay to the
                                         Executive any portion of an installment of deferred compensation under any deferred compensation
                                         program of the Company, within twenty business days of the date such compensation is
                                         due.

 

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		(e)	Without Cause by the Company; Without
                                         Good Reason by the Executive. The Company may terminate the Executive’s employment
                                         hereunder at any time without Cause upon 60-day prior written notice to the Executive.
                                         The Executive may terminate the Executive’s employment voluntarily for any reason
                                         or no reason at any time by giving 60-day prior written notice to the Company.

 

		(f)	Notice of Termination. Any termination
                                         of the Executive’s employment under the Agreement shall be communicated by written
                                         notice of termination (“Notice of Termination”) from the terminating
                                         party to the other party. The notice of termination shall indicate the specific provision(s)
                                         of the Agreement relied upon in effecting the termination.

 

		(g)	Date of Termination. The “Date
                                         of Termination” shall mean (i) the date specified in the Notice of Termination,
                                         or (ii) if the Executive s employment is terminated by the Executive’s death, the
                                         date of his/her death.

 

		(h)	Compensation upon Termination.

 

		(1)	Death. If the Executive’s
                                         employment is terminated by reason of the Executive’s death, the Company shall
                                         have no further obligations to the Executive under this Agreement and the Executive’s
                                         benefits shall be determined under the Company’s retirement, insurance and other
                                         benefit and compensation plans or programs then in effect in accordance with the terms
                                         of such plans and programs.

 

		(2)	By Company without Cause or
                                         by the Executive for Good Reason. If the Executive’s employment is terminated
                                         by the Company other than for Cause or by the Executive for Good Reason, the Company
                                         shall (i) continue to pay and otherwise provide to the Executive, during any notice period,
                                         all compensation, base salary and previously earned but unpaid incentive compensation,
                                         if any, and shall continue to allow the Executive to participate in any benefit plans
                                         in accordance with the terms of such plans during such notice period; and (ii) pay to
                                         the Executive, in lieu of benefits under any severance plan or policy of the Company,
                                         any such amount as may be agreed between the Company and the Executive.

 

		(3)	By Company for Cause or by the
                                         Executive other than for Good Reason. If the Executive’s employment shall be
                                         terminated by the Company for Cause or by the Executive other than for Good Reason, the
                                         Company shall pay the Executive his/her base salary at the rate in effect at the time
                                         Notice of Termination is given through the Date of Termination, and the Company shall
                                         have no additional obligations to the Executive under this Agreement.

 

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		(i)	Return of Company Property.
                                         The Executive agrees that following the termination of the Executive’s employment
                                         for any reason, or at any time prior to the Executive’s termination upon the request
                                         of the Company, he/she shall return all property of the Group that is then in or thereafter
                                         comes into his/her possession, including, but not limited to, any Confidential Information
                                         (as defined below) or Intellectual Property (as defined below), or any other documents,
                                         contracts, agreements, plans, photographs, projections, books, notes, records, electronically
                                         stored data and all copies, excerpts or summaries of the foregoing, as well as any automobile
                                         or other materials or equipment supplied by the Group to the Executive, if any.

 

		(j)	Requirement
                                         for a Release. Notwithstanding the foregoing, the Company’s obligations to
                                         pay or provide any benefits shall (1) cease as of the date the Executive breaches any
                                         of the provisions of Sections 8, 9 and 11 hereof, and (2) be conditioned on the Executive
                                         signing the Company’s customary release of claims in favor of the Group and the
                                         expiration of any revocation period provided for in such release.

 

		8.	CONFIDENTIALITY AND NONDISCLOSURE

 

		(a)	Confidentiality
                                         and Non-Disclosure.

 

		(1)	The Executive acknowledges and agrees that: (A) the Executive holds a position of trusts and confidence
with the Company and that his/her employment by the Company will require that the Executive have access to and knowledge of valuable
and sensitive information, material, and devices relating to the Company and/or its business, activities, products, services, customers
and vendors, including, but not limited to, the following, regardless of the form in which the same is accessed, maintained or
stored: the identity of the Company’s actual and prospective customers and, as applicable, their representatives; prior,
current or future research or development activities of the Company; the products and services provided or offered by the Company
to customers or potential customers and the manner in which such services are performed or to be performed; the product and/or
service needs of actual or prospective customers; pricing and cost information; information concerning the development, engineering,
design, specifications, acquisition or disposition of products and/or services of the Company; user base personal data, programs,
software and source codes, licensing information, personnel information, advertising client information, vendor information, marketing
plans and techniques, forecasts, and other trade secrets (“Confidential Information”); and (B) the direct and
indirect disclosure of any such Confidential Information would place the Company at a competitive disadvantage and would do damage,
monetary or otherwise, to the Company’s business.

 

		(2)	During the Term and at all times thereafter, the Executive shall not, directly or indirectly, whether
individually, as a director, stockholder, owner, partner, employee, consultant, principal or agent of any business, or in any other
capacity, publish or make known, disclose, furnish, reproduce, make available, or utilize any of the Confidential Information without
the prior express written approval of the Company, other than in the proper performance of the duties contemplated herein, unless
and until such Confidential Information is or shall become general public knowledge through no fault of the Executive.

 

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		(3)	In the event that the Executive is required by law to disclose any Confidential Information, the
Executive agrees to give the Company prompt advance written notice thereof and to provide the Company with reasonable assistance
in obtaining an order to protect the Confidential Information from public disclosure.

 

		(4)	The failure to mark any Confidential Information as confidential shall not affect its status as
Confidential Information under this Agreement.

 

		(b)	Third Party Information in the Executive’s
                                         Possession. The Executive agrees that he/she shall not, during the Term, (i) improperly
                                         use or disclose any proprietary information or trade secrets of any former employer or
                                         other person or entity with which the Executive has an agreement or duty to keep in confidence
                                         information required by Executive, if any, or (ii) bring into the premises of Company
                                         any document or confidential or proprietary information belonging to such former employer,
                                         person or entity unless consented to in writing by such former employer, person or entity.
                                         The Executive will indemnify the Company and hold it harmless from and against all claims,
                                         liabilities, damages and expenses, including reasonable attorneys’ fees and costs
                                         of litigation, arising out of or in connection with any violation of the foregoing.

 

		(c)	Third Party Information in the Company’s
                                         Possession. The Executive recognizes that the Company may have received, and in the
                                         future may receive, from third parties their confidential or proprietary information
                                         subject to a duty on the Company’s part to maintain the confidentiality of such
                                         information and to use it only for certain limited purposes. The Executive agrees that
                                         the Executive owes the Company and such third parties, during the Term and thereafter,
                                         a duty to hold all such confidential or proprietary information in strict confidence
                                         and not to disclose such information to any person or firm, or otherwise use such information,
                                         in a manner inconsistent with the limited purposes permitted by the Company’s agreement
                                         with such third party.

 

This Section 8 shall survive the termination
of the Agreement for any reason. In the event the Executive breaches this Section 8, the Company shall have right to seek remedies
permissible under applicable law.

 

		9.	INTELLECTUAL PROPERTY

 

		(a)	Prior Inventions. The Executive
                                         has attached hereto, as Schedule B, a list describing all inventions, ideas, improvements,
                                         designs and discoveries, whether or not patentable and whether or not reduced to practice,
                                         original works of authorship and trade secrets made or conceived by or belonging to the
                                         Executive (whether made solely by the Executive or jointly with others) that (i) were
                                         developed by Executive prior to the Executive’s employment by the Company (collectively,
                                         “Prior Inventions”), (ii) relate to the Company’s actual or
                                         proposed business, products or research and development, and (iii) are not assigned to
                                         the Company hereunder; or, if no such list is attached, the Executive represents that
                                         there are no such Prior Inventions. Except to the extent set forth in Schedule B,
                                         the Executive hereby acknowledges that, if in the course of his/her service for the Company,
                                         the Executive incorporates into a Company product, process or machine a Prior Invention
                                         owned by the Executive or in which he/she has an interest, the Company is hereby granted
                                         and shall have a nonexclusive, royalty-free, irrevocable, perpetual, worldwide right
                                         and license (which may be freely transferred by the Company to any other person or entity)
                                         to make, have made, modify, use, sell, sublicense and otherwise distribute such Prior
                                         Invention as part of or in connection with such product, process or machine.

 

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		(b)	Assignment
                                         of Intellectual Property. The Executive hereby assigns to the Company or its designees,
                                         without further consideration and free and clear of any lien or encumbrance, the Executive’s
                                         entire right, title and interest (within the United States and all foreign jurisdictions)
                                         to any and all inventions, discoveries, improvements, developments, works of authorship,
                                         concepts, ideas, plans, specification, software, formulas, databases, designees, processes
                                         and contributions to Confidential Information created, conceived, developed or reduced
                                         to practice by the Executive (alone or with others) during the Term which (i) are related
                                         to the Company’s current or anticipated business, activities, products, or services,
                                         (ii) result from any work performed by Executive for the Company, or (iii) are created,
                                         conceived, developed or reduced to practice with the use of Company property, including
                                         any and all Intellectual Property Rights (as defined below) therein (“Work Product”).
                                         Any Work Product which falls within the definition of work made for hire , as such term
                                         is defined in the U.S. Copyright Act, shall be considered a work made for hire, the copyright
                                         in which vests initially and exclusively in the Company. The Executive waives any rights
                                         to be attributed as the author of any Work Product and any droit morale (moral rights)
                                         in Work Product. The Executive agrees to immediately disclose to the Company all Work
                                         Product. For purposes of this Agreement, “Intellectual Property” shall
                                         mean any patent, copyright, trademark or service mark, trade secret, or any other proprietary
                                         rights protection legally available.

 

		(c)	Patent
                                         and Copyright Registration. The Executive agrees to execute and deliver any instruments
                                         or documents and to do all other things reasonably requested by the Company in order
                                         to more fully vest the Company with all ownership rights in the Work Product. If any
                                         Work Product is deemed by the Company to be patentable or otherwise registrable, the
                                         Executive shall assist the Company (at the Company’s expense) in obtaining letters
                                         of patent or other applicable registration therein and shall execute all documents and
                                         do all things, including testifying (at the Company’s expense) as necessary or
                                         appropriate to apply for, prosecute, obtain, or enforce any Intellectual Property right
                                         relating to any Work Product. Should the Company be unable to secure the Executive’s
                                         signature on any document deemed necessary to accomplish the foregoing, whether due to
                                         the Executive’s disability or other reason, the Executive hereby irrevocably designates
                                         and appoints the Company and each of its duly authorized officers and agents as the Executive’s
                                         agent and attorney-in-fact to act for and on the Executive’s behalf and stead to
                                         take any of the actions required of Executive under the previous sentence, with the same
                                         effect as if executed and delivered by the Executive, such appointment being coupled
                                         with an interest.

 

This Section 9 shall survive the termination
of the Agreement for any reason. In the event the Executive breaches this Section 9, the Company shall have right to seek remedies
permissible under applicable law.

 

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		10.	CONFLICTING EMPLOYMENT

 

The Executive hereby agrees that, during the
Term, he/she will not engage in any other employment, occupation, consulting or other business activity related to the business
in which the Company is now involved or becomes involved during the Term, nor will the Executive engage in any other activities
that conflict with his/her obligations to the Company without the prior written consent of the Company.

 

		11.	NON-COMPETITION AND NON-SOLICITATION

 

		(a)	Non-Competition. In consideration
                                         of the compensation provided to the Executive by the Company hereunder, the adequacy
                                         of which is hereby acknowledged by the parties hereto, the Executive agree that during
                                         the Term and for a period of one year following the termination of the Employment for
                                         whatever reason, the Executive shall not engage in Competition (as defined below) with
                                         the Group. For purposes of this Agreement, “Competition” by the Executive
                                         shall mean the Executive’s engaging in, or otherwise directly or indirectly being
                                         employed by or acting as a consultant or lender to, or being a director, officer, employee,
                                         principal, agent, stockholder, member, owner or partner of, or permitting the Executive’s
                                         name to be used in connection with the activities of, any other business or organization
                                         which competes, directly or indirectly, with the Group in the Business; provided,
                                         however, it shall not be a violation of this Section 11(a) for the Executive to
                                         become the registered or beneficial owner of up to five percent (5%) of any class of
                                         the capital stock of a publicly traded corporation in Competition with the Group, provided
                                         that the Executive does not otherwise participate in the business of such corporation.

 

For purposes of this Agreement, “Business”
means express delivery services, transportation and courier services, and any other business which the Group engages in, or is
preparing to become engaged in, during the Term.

 

		(b)	Non-Solicitation; Non-Interference.
                                         During the Term and for a period of one year following the termination of the Executive’s
                                         employment for any reason, the Executive agrees that he/she will not, directly or indirectly,
                                         for the Executive’s benefit or for the benefit of any other person or entity, do
                                         any of the following:

 

		(1)	approach the suppliers, clients, direct or end customers or contacts or other persons or entities
introduced to the Executive in his/her capacity as a representative of the Group for the purpose of doing business of the same
or of a similar nature to the Business or doing business that will harm the business relationships of the Group with the foregoing
persons or entities;

 

		(2)	assume employment with or provide services to any competitors of the Group, or engage, whether
as principal, partner, licensor or otherwise, any of the Group’s competitors, without the Group’s express consent;
or

 

		(3)	seek, directly or indirectly, to solicit the services of, or hire or engage, any person who is
known to be employed or engaged by the Group; or

 

		(4)	otherwise interfere with the business or accounts of the Group.

 

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		(c)	Injunctive Relief; Indemnity of
                                         Company. The Executive agrees that any breach or threatened breach of subsections
                                         (a) and (b) of this Section 11 would result in irreparable injury and damage to the Company
                                         for which an award of money to the Company would not be an adequate remedy. The Executive
                                         therefore also agrees that in the event of said breach or any reasonable threat of breach,
                                         the Company shall be entitled to seek an immediate injunction and restraining order to
                                         prevent such breach and/or threatened breach and/or continued breach by the Executive
                                         and/or any and all persons and/or entities acting for and/or with the Executive. The
                                         terms of this paragraph shall not prevent the Company from pursuing any other available
                                         remedies for any breach or threatened breach hereof, including, but not limited to, remedies
                                         available under this Agreement and the recovery of damages. The Executive and the Company
                                         further agree that the provisions of this Section 11 are reasonable. The Executive agrees
                                         to indemnify and hold harmless the Company from and against all reasonable expenses (including
                                         reasonable fees and disbursements of counsel) which may be incurred by the Company in
                                         connection with, or arising out of, any violation of this Agreement by the Executive.
                                         This Section 11 shall survive the termination of the Agreement for any reason.

 

		12.	WITHHOLDING TAXES

 

Notwithstanding anything else herein to the
contrary, the Company may withhold (or cause there to be withheld, as the case may be) from any amounts otherwise due or payable
under or pursuant to the Agreement such national, state, provincial, local or any other income, employment, or other taxes as may
be required to be withheld pursuant to any applicable law or regulation.

 

		13.	ASSIGNMENT

 

The Agreement is personal in its nature and
neither of the parties hereto shall, without the consent of the other, assign or transfer the Agreement or any rights or obligations
hereunder; provided, however, that the Company may assign or transfer the Agreement or any rights or obligations hereunder to any
member of the Group without such consent. If the Executive should die while any amounts would still be payable to the Executive
hereunder if the Executive had continued to live, all such amounts unless otherwise provided herein, shall be paid in accordance
with the terms of this Agreement to the Executive’s devisee, legatee, or other designee or, if there be no such designee,
to the Executive’s estate. The Company will require any and all successors (whether direct or indirect, by purchase, merger,
consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to expressly assume and agree
to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such
succession had taken place. Failure of the Company to obtain such assumption and agreement prior to the effectiveness of any such
succession shall be a breach of this Agreement and shall entitle the Executive to compensation from the Company in the same amount
and on the same terms as the Executive would be entitled to hereunder if the Company had terminated the Executive’s employment
other than for Cause, except that for purposes of implementing the foregoing, the date on which any such succession becomes effective
shall be deemed the Date of Termination. As used in this Section, “Company” shall mean the Company as herein
before defined and any successor to its business and/or assets as aforesaid which executes and delivers the agreement provided
for in this Section 13 or which otherwise becomes bound by all the terms and provisions of this Agreement by operation of law.

 

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		14.	SEVERABILITY

 

If any provision of the Agreement or the application
thereof is held invalid, the invalidity shall not affect other provisions or applications of the Agreement which can be given effect
without the invalid provisions or applications and to this end the provisions of the Agreement are declared to be severable.

 

		15.	ENTIRE AGREEMENT

 

The Agreement constitutes the entire agreement
and understanding between the Executive and the Company regarding the terms of the Employment and supersedes all prior or contemporaneous
oral or written agreements concerning such subject matter. The Executive acknowledges that he/she has not entered into the Agreement
in reliance upon any representation, warranty or undertaking which is not set forth in the Agreement.

 

		16.	GOVERNING LAW

 

The Agreement shall be governed by and construed
in accordance with the law of the State of New York.

 

		17.	AMENDMENT

 

The Agreement may not be amended, modified
or changed (in whole or in part), except by a formal, definitive written agreement expressly referring to the Agreement, which
agreement is executed by both of the parties hereto.

 

		18.	WAIVER

 

Neither the failure nor any delay on the part
of a party to exercise any right, remedy, power or privilege under the Agreement shall operate as a waiver thereof, nor shall any
single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the same or of any
right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any occurrence
be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver shall be effective
unless it is in writing and is signed by the party asserted to have granted such waiver.

 

		19.	NOTICES

 

All notices, requests, demands and other communications
required or permitted under the Agreement shall be in writing and shall be deemed to have been duly given and made if (i) delivered
by hand, (ii) otherwise delivered against receipt therefor, (iii) sent by a recognized courier with next-day or second-day delivery
to the last known address of the other party; or (iv) sent by e-mail with confirmation of receipt.

 

		20.	COUNTERPARTS

 

The Agreement may be executed in any number
of counterparts, each of which shall be deemed an original as against any party whose signature appears thereon, and all of which
together shall constitute one and the same instrument. The Agreement shall become binding when one or more counterparts hereof,
individually or taken together, shall bear the signatures of all of the parties reflected hereon as the signatories.

 

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Photographic copies of such signed counterparts
may be used in lieu of the originals for any purpose.

 

		21.	NO INTERPRETATION AGAINST DRAFTER

 

Each party recognizes that the Agreement is
a legally binding contract and acknowledges that such party has had the opportunity to consult with legal counsel of choice. In
any construction of the terms of the Agreement, the same shall not be construed against either party on the basis of that party
being the drafter of such terms.

 

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blank.]

 

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IN WITNESS WHEREOF,
the Agreement has been executed as of the date first written above.

 

	COMPANY:	Weidai Ltd.
	 	a Cayman Islands exempted company
	 	 
	 	By:	 
	 	Name:
	 	Title:

 

	EXECUTIVE:	 
	 	 
	 	 
	 	Name:
	 	Address:

 

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SCHEDULE A

 

Cash Compensation

 

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SCHEDULE B

 

Prior Inventions

 

    	 	14Exhibit 10.3

 

Power of Attorney

 

  Date: April 10, 2018

 

We, Yao
Hong (with Identification Card No.: ***),Suzhou Weixin Zhonghua Venture Investment Partnership (Limited Partnership)(with
Unified Social Credit Code No.: ***), Deqing Jinxiu Management Consulting Partnership (Limited Partnership)(with Unified
Social Credit Code No.: ***), Hangzhou Lihai Internet Venture Investment Partnership (Limited Partnership)(with Unified
Social Credit Code No.: ***), Zhejiang Hakim Unique Finance Service Co., Ltd.(with Unified Social Credit Code No.: ***),
Zhejiang Zheshang Lihai Venture Investment Partnership (Limited Partnership)(with Unified Social Credit Code No.: ***),
Shenzhen Guosheng Qianhai Investment Co., Ltd.(with Unified Social Credit Code No.: ***), Qingdao Oriental Capital Investment
Co., Ltd.(with Unified Social Credit Code No.: ***), Beijing Dongyitianzheng Investment Co., Ltd.(with Unified Social Credit
Code No.: ***) and Hangzhou Shanan Investment Partnership (Limited Partnership)(with Unified Social Credit Code No.: ***), a
citizen of the People's Republic of China (“China”) or an entity established and existing under the laws
of the PRC, and joint holders of 100% of the entire registered capital in Weidai (Hangzhou) Financial Information Service
Ltd. (“Domestic Company”) (“Our Shareholding”), hereby irrevocably authorize Weidai
Co., Ltd. (the “WFOE”) to exercise the following rights relating to Our Shareholding during the term of
this Power of Attorney:

 

The WFOE is hereby
authorized to act on behalf of ourselves as our exclusive agent and attorney with respect to all matters concerning our Shareholding,
including without limitation to: 1) propose, convene and attend shareholders' meetings of Domestic Company; 2) exercise all the
shareholder's rights and shareholder's voting rights we are entitled to under the laws of China and Domestic Company’ Articles
of Association, including but not limited to the sale or transfer or pledge or disposition of our Shareholding in part or in whole;
3) designate and appoint on behalf of ourselves the legal representative (chairperson), the director, supervisor, the chief executive
officer (or general manager) and other senior management members of Domestic Company; and 4) obtain the information with respect
to the operation, business, clients, finance, employees and other relevant information of Domestic Company and inspect related
records and materials.

 

Without limiting
the generality of the powers granted hereunder, the WFOE shall have the power and authority under this Power of Attorney to execute
the Transfer Contracts stipulated in Exclusive Option Agreement, to which we are required to be a party, on behalf of ourselves,
and to effect the terms of the Share Pledge Agreement and Exclusive Option Agreement, both dated the date hereof, to which we are
parties.

 

All the actions
associated with Our Shareholding conducted by the WFOE shall be deemed as our own actions, and all the documents related to Our
Shareholding executed by the WFOE shall be deemed to be executed by me. When acting in respect of any and all of the aforementioned
matters, the WFOE may act at its own discretion and does not need to seek our prior consent. We hereby acknowledge and ratify those
actions and/or documents by the WFOE.

 

    	 	Power of Attorney
	 

     

    

 

The WFOE is entitled
to re-authorize or assign its rights related to the aforesaid matters to any other person or entity at its own discretion and without
giving prior notice to we or obtaining our consent.

 

So long as we
are shareholders of Domestic Company, this Power of Attorney shall be irrevocably and continuously valid and effective from the
date of its execution, unless the WFOE issues adverse instructions in writing. Once the WFOE instructs me in writing to terminate
this Power of Attorney in whole or in part, we will immediately withdraw the authorization herein granted to the WFOE and execute
power(s) of attorney in the same format of this Power of Attorney, granting to other persons nominated by the WFOE the same authorization
under this Power of Attorney.

 

During the term
of this Power of Attorney, we hereby waive all the rights associated with Our Shareholding, which have been authorized to the WFOE
through this Power of Attorney, and shall not exercise such rights by ourselves

 

This Power of
Attorney is written in Chinese and English with equal legal validity; in case there is any conflict between the Chinese version
and the English version, the Chinese version shall prevail.

 

[The space below is intentionally left blank.]

 

    	 	Power of Attorney
	 

     

    

 

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

 

Weidai Co., Ltd. (Company Seal)

 

(Seal of Weidai Co., Ltd.)

 

	By:	/s/ Yao Hong	 
	 	 	 
	Name:	Yao Hong	 

 

    	 	Power of Attorney-Signature Page
	 

     

    

 

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

 

Yao Hong

 

	By:	/s/ Yao Hong	 

 

    	 	Power of Attorney-Signature Page
	 

     

    

 

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

 

Suzhou Weixin Zhonghua Venture Investment Partnership (Limited Partnership)
(Company Seal)

 

(Seal of Suzhou Weixin Zhonghua Venture Investment Partnership (Limited
Partnership))

 

	By:	/s/ Wei Zhe	 
	 	 	 
	Name: 	Wei Zhe	 

 

    	 	Power of Attorney-Signature Page
	 

     

    

 

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

 

Deqing Jinxiu Management Consulting Partnership (Limited Partnership)
(Company Seal)

 

(Seal of Deqing Jinxiu Management Consulting Partnership (Limited
Partnership))

 

	By:	/s/ He Qinqin	 
	 	 	 
	Name:	He Qinqin	 

 

    	 	Power of Attorney-Signature Page
	 

     

    

 

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

 

Hangzhou Lihai Internet Venture Investment Partnership (Limited
Partnership) (Company Seal)

 

(Seal of Hangzhou Lihai Internet Venture Investment Partnership
(Limited Partnership)

 

	By:	/s/ Chen Yuemeng	 
	 	 	 
	Name:	Chen Yuemeng	 

 

    	 	Power of Attorney-Signature Page
	 

     

    

 

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

 

Zhejiang Hakim Unique Finance Service Co., Ltd. (Company Seal)

 

(Seal of Zhejiang Hakim Unique Finance Service Co., Ltd.)

 

	By:	/s/ Zhu Chun	 
	 	 	 
	Name:	Zhu Chun	 

 

    	 	Power of Attorney-Signature Page
	 

     

    

 

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

 

Zhejiang Zheshang Lihai Venture Investment Partnership (Limited
Partnership) (Company Seal)

 

(Seal of Zhejiang Zheshang Lihai Venture Investment Partnership
(Limited Partnership))

 

	By:	/s/ Xu Yabo	 
	 	 	 
	Name:	Xu Yabo	 

 

    	 	Power of Attorney-Signature Page
	 

     

    

 

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

 

Shenzhen Guosheng Qianhai Investment Co., Ltd. (Company Seal)

 

(Seal of Shenzhen Guosheng Qianhai Investment Co., Ltd.)

 

	By:	/s/ Li Yingming	 
	 	 	 
	Name:	Li Yingming	 

 

    	 	Power of Attorney-Signature Page
	 

     

    

 

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

 

Qingdao Oriental Capital Investment Co., Ltd. (Company Seal)

 

(Seal of Qingdao Oriental Capital Investment Co., Ltd.)

 

	By:	/s/ Cai Dongbing	 
	 	 	 
	Name:	Cai Dongbing	 

 

    	 	Power of Attorney-Signature Page
	 

     

    

 

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

 

Party B: Beijing Dongyitianzheng
Investment Co., Ltd. (Company Seal)

 

(Seal of Beijing Dongyitianzheng Investment Co., Ltd.)

 

	By:	/s/ Chen Hui	 
	 	 	 
	Name:	Chen Hui	 

 

    	 	Power of Attorney-Signature Page
	 

     

    

 

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

 

Party B: Hangzhou Shanan Investment
Partnership (Limited Partnership) (Company Seal)

 

(Seal of Hangzhou Shanan Investment Partnership (Limited Partnership))

 

	By:	/s/ Yang Haoxiang	 
	 	 	 
	Name:	Yang Haoxiang	 

 

    	 	Power of Attorney-Signature Page

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