Document:

Exhibit 4.30

 

Exclusive Assets Purchase Agreement

 

This Exclusive Assets Purchase Agreement
(this “Agreement”), dated 25 August, 2015, is made in Beijing, the People’s Republic of China (the
“PRC”), by and between:

 

		A.	Beijing Bilin Changxiang Information Technology Co., Ltd., a validly existing limited liability
company duly incorporated under the PRC laws, with its registered address at A553, 6/F Beijing Jinyuan Shidai Shopping Center,
#1 Yuanda Road, Haidian District, Beijing, China (the “WFOE”); and

 

		B.	Beijing Bilin Online Information Technology Co., Ltd., a validly existing limited liability
company duly incorporated under the PRC laws, with its registered address at Room 709 Building 1, #39 Anding Road, Chaoyang District,
Beijing, China (the “Domestic Company”).

 

		C.	David Xueling Li, an individual
                                         with PRC nationality, ID Card number 640204197410230034 (the “Shareholder”);

 

Domestic Company, WFOE and Shareholder
shall be hereinafter individually referred to as a “Party”; collectively, the “Parties”.

 

PREAMBLE

 

The Domestic Company is a company specified
in providing technology development, technology transfer, technology consultancy, technology services and technology promotion;
advertisement agency and publishing; organizing culture and art communication activities; enterprise management consultancy; investment
consultancy services in China (collectively, the “Business”). The Shareholder holds 100% of the equity
interest in the registered capital of the Domestic Company.

 

The Domestic Company has agreed to grant
WFOE an exclusive purchase right (the “Purchase Right”) to purchase the assets of the Domestic Company
being used or to be used in the operation of its Business (the “Assets”), regardless of whether such
Assets are the assets currently owned by the Domestic Company, or owned by the Domestic Company by the time WFOE exercise its exclusive
Purchase Right. Such assets include all tangible or intangible assets, machines, devices, instrument and components, real estates,
intellectual property, technical know-how, client list, seller list, and other articles which is capable to allow WFOE operate
the Business in the same way as the Domestic Company, which are particularly suitable and mainly used for the operation of the
Business.

 

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

 

		1.	Definitions
and Interpretations

 

1.1           Definitions. Unless otherwise
provided, in this Agreement:

 

Assets
has the meaning assigned to it in the Preamble.

 

Assets Transfer
Date has the meaning assigned to it in Section 5.2.

 

Business
has the meaning assigned to it in the Preamble.

 

CIETAC
means the China International Economic and Trade Arbitration Commission.

 

Domestic Company’s
PoA has the meaning assigned to it in Section 5.2.

 

China
means the People’s Republic of China.

 

Damages
has the meaning assigned to it in Section 9.2.

 

Designated Person
has the meaning assigned to it in Section 2.1.

 

Dispute
has the meaning assigned to it in Section 14.2.

 

Encumbrance
means any mortgage, charge, pledge, lien, assign, hypothecation, security interest, retention of title, option, preemptive right,
right of first refusal, constraint, third party right or interest, any type of favorable arrangement (including transfer or retention
of title that has similar effect), any type of other security agreement, arrangement, burden of right or dissent, or any agreement
that sets forth above burden of right.

 

Exclusive Option Agreement
means the Exclusive Option Agreement entered into on the same day of this Agreement by and between WFOE, Domestic Company and Shareholder,
according to which the Domestic Company agrees to grant an exclusive option of purchasing its equity interest to WFOE.

 

Exercise Notice
has the meaning assigned to it in Section 5.1.

 

Force Majeure Event has the
meaning assigned to it in Section 10.1.

 

Governmental Approval means
all license, permit, approval, ratification, consent, waiver or registration required or issued by PRC government authorities.

 

Purchase Right has the meaning
assigned to it in the Preamble.

 

RMB means
Renminbi, the official currency of PRC.

 

Shareholder’s
PoA has the meaning assigned to it in Section 5.1.

 

Shareholder’s
Resolution has the meaning assigned to it in Section 5.2.

 

Term
has the meaning assigned to it in Section 16.3.

 

1.2          Headings.
All headings in this Agreement are for convenience only and shall not affect the interpretation of this Agreement.

 

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1.3           Interpretations.
Unless otherwise provided, below words, expressions and references shall have the following meanings:

 

		(a)	When referring to the terms and exhibits of this Agreement,
it shall also include such terms and exhibits as amended from time to time.

 

		(b)	When referring to this Agreement or other agreement or
document, it shall also include the modifications, remarks or supplements to this Agreement or other agreement or document from
time to time.

 

		(c)	When referring to any law or statutory provision, it
shall also include any revision, extension, combination or replacement related to such law or provision, and any law or provision
that revise, extend, combine or replace the first law or provision, and also include orders, ordinances, instructions or other
subordinate legislation promulgated in accordance with relevant law or provisions.

 

		(d)	Singular form shall also include plural form and vice
versa.

 

		(e)	Person include individual, proprietorship,
partnership, joint venture, company, joint-stock company, unincorporated organization, state and government organs, and its assignee,
transferee or successor.

 

		(f)	Include and especially are
special terms for description or emphasis purposes only, and shall not limit any provision in any way.

 

		(g)	This Agreement is drafted jointly by the Parties. No
narrow interpretation rule shall be applied to any Party.

 

		2.	The
                                         Purchase Right

 

2.1           During
the Term of this Agreement, upon written request of WFOE, the Domestic Company hereby irrevocably agrees to sell the Assets to
WFOE, any Person designated by WFOE, or assigns of WFOE hereunder (the “Designated Person”).

 

2.2           Pursuant
to the above Section 2.1, any Person or entity other than WFOE has no right or option to purchase the Assets, and has no current
or future right or option to hold such Assets.

 

2.3          The
Shareholder hereby undertakes, accepts and approves to grant such Purchase Right to WFOE.

 

		3.	Consideration

 

3.1           If
WFOE exercises the Purchase Right and option to purchase the Assets and the equity interest (the “Equity Interest”)
as provided under the Exclusive Option Agreement (the “Exclusive Option Agreement”), the aggregate amount
of the purchase price of both the equity interest and the assets shall be RMB100.

 

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		4.	No
                                         Assumption of Liability

 

4.1          WFOE
shall not assume, perform or be responsible for any obligations or debts, including (i) the obligations or debts owed by the Domestic
Company to its creditors or shareholders; (ii) any obligation or debt of the Domestic Company related to any transaction; (iii)
tax or other obligations or debts of the Domestic Company arising from the grant of the Purchase Right and the sales of Assets
pursuant to this Agreement and the Assets Transfer Agreement annexed hereto as Exhibit 2; or (iv) contingent obligations or debts
of the Domestic Company.

 

		5.	Exercise
                                         of Purchase Right

 

5.1           Notice
of Exercising the Purchase Right. After the execution of this Agreement, WFOE may at any time notify the Domestic Company by
written notice (the “Exercise Notice”) to exercise the Purchase Right. The Exercise Notice shall state
clearly (a) the decision of WFOE to exercise the Purchase Right; (b) the list of assets that WFOE decided to purchase from the
Domestic Company; (c) the date of the purchase of the Assets.

 

5.2          Transfer
of Assets. The Domestic Company shall, within five (5) business days after WFOE sends the Exercise Notice (the “Assets
Transfer Date”), and pursuant to the instructions in such Exercise Notice, transfer the Assets to WFOE or Designated
Person. The Domestic Company shall procure WFOE or Designated Person to be the only legal owner of the Assets, without any lien
or encumbrances in any form, and shall assist in transferring the title of the Assets to WFOE or Designated Person through below
procedures:

 

		(a)	The Domestic Company shall execute an Assets Transfer
Agreement (the “Assets Transfer Agreement”) on the same day of the execution of this Agreement. The
Assets Transfer Agreement shall (i) be executed in the form and format given in the Exhibit 2 of this Agreement; and (ii) be made
in two (2) duplicates. If WFOE nominates a Designated Person as the purchaser, the Parties agree to execute and deliver to WFOE
all necessary documents and perform other actions reasonably requested by WFOE to ensure the transfer to such Designated Person.

 

		(b)	The Domestic Company shall execute a Power of Attorney
(the “Domestic Company’s PoA”) in the form of Exhibit 3 on the same day of the execution of this
Agreement, to authorize WFOE (including WFOE and the Designated Person) to fill in the date and relevant information on the aforementioned
Assets Transfer Agreement, and to authorize WFOE to keep such document.

 

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		(c)	The Domestic Company shall deliver to WOFE (i) bill of
sale, endorsement, assign, and other due and adequate documents of assign and transfer which contain complete assurance of title,
to grant WFOE or the Designated Person a due, absolute and marketable title of assets, without any lien or Encumbrances; and (ii)
all other data in relation to the Assets and its operation.

 

		(d)	When delivering the documents provided in above paragraph
(c), the Domestic Company shall also take all measures to ensure the actual possession, operation and control of WFOE or the Designated
Person over the Assets, including executing all other necessary agreements or documents, and obtaining all necessary government
permits and approvals.

 

		(e)	The Domestic Company shall pay all tax and expenses in
relation to the transfer, assign, transmission and delivery of the Assets, including due and payable sales tax, transfer tax,
filing fee, usage tax, registration fee, etc.

 

		(f)	After the Assets Transfer Date, upon the request of WFOE
or the Designated Person, the Domestic Company shall execute and deliver to WFOE or the Designated Person other documents of assign
and transfer, and take other measures as reasonably requested by WFOE or the Designated Person, to facilitate the assign and transfer
of the Assets to WFOE or the Designated Person, and ensure the possession by WFOE or the Designated Person of such Assets.

 

		(g)	The Shareholder shall execute a shareholder’s resolution
(the “Shareholder’s Resolution”) on the same day of the execution of this Agreement, to approve
the transfer of the Assets to WFOE. The Shareholder’s Resolution shall (i) be executed in the form and format given in the
Exhibit 1 of this Agreement; and (ii) be made in two (2) duplicates. If WFOE nominates a Designated Person as the purchaser, the
Parties agree to execute and deliver to WFOE or Designated Person all necessary documents and perform other actions reasonably
requested by WFOE or Designated Person to ensure the transfer to such Designated Person.

 

		(h)	The Shareholder shall execute a Power of Attorney on
the same day of the execution of this Agreement, to authorize WFOE (including WFOE and the Designated Person) to fill in the date
and relevant information on the aforementioned Shareholder’s Resolution, and to authorize WFOE to keep such document.

 

		(i)	The Parties hereto shall execute all other necessary
agreements or documents, obtain all necessary government permits and approvals; take all other necessary measures to ensure the
effective transfer of the ownership of the Assets to WFOE or Designated Person.

 

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		(j)	If all or part of the provisions of this Agreement or
its exhibits are judged invalid in accordance with PRC laws or regulations, the Parties shall enter into other valid and effective
agreement, resolution or document to achieve the same legal and economic effects as this Agreement.

 

		6.	Representations
                                         and Warranties

 

6.1           Reliance
Confirmation. The Domestic Company hereby confirms that WFOE entered in to this Agreement entirely relying on the representations
and warranties made under this Section 6.

 

6.2           Representations
and Warranties. The Domestic Company represents and warrants to WFOE as follows:

 

		(a)	The Domestic Company is a company legally registered
and validly existing in accordance with the PRC laws and is competent and has obtained the relevant powers and authorizations
for owning, operating and leasing its assets and properties and engaging in its current business. The Domestic Company has obtained
all necessary and appropriate approvals and authorizations require for the execution and performance of this Agreement. The execution,
delivery and performance of this Agreement will not (i) conflict with the articles of association, bylaws and other constitutional
documents of the Domestic Company; (ii) conflict with any contract or document entered into by, and binding upon, the Transferor
and the Domestic Company, or result in any default under such contract or document; (iii) be in contrary to any issuing and/or
retaining condition of the licenses or permits issued to the Domestic Company; (iv) result in the revocation, seizure or appendance
of additional conditions to any license or permit issued to the Domestic Company; and (v) breach any law of PRC.

 

		(a)	The Domestic Company is competent in executing and performing
this Agreement. The Domestic Company has obtained all necessary and appropriate approvals and authorizations require for the execution
and performance of this Agreement.

 

		(b)	This Agreement, subject to its terms, constitutes the
Domestic Company’s legal, valid and binding obligations, and shall be enforceable against it.

 

		(c)	To the best knowledge of the Domestic Company, and unless
the Domestic Company discloses to the other Parties in writing, the Domestic Company is currently not involved in any disputes,
litigations, arbitrations, administrative litigations or any other legal proceedings, and the Domestic Company is not constrained
by any potential disputes, litigations, arbitrations, administrative litigations or any other legal proceedings;

 

		(d)	Except for debts arising from the ordinary business of
the Domestic Company and the debts already disclosed to, and approved in writing by, WFOE, the Domestic Company has no other outstanding
debts;

 

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		(e)	Except for the exclusive purchase right granted to WFOE
under this Agreement, the Domestic Company has not pledge, assign or by any other means dispose its Assets to any third party,
unless within its ordinary course of business;

 

		(f)	The Domestic Company is the sole legitimate and registered
beneficial owner of the Assets; and

 

		(g)	The Domestic Company has good and marketable title over
the Assets with no lien or other security interests, except for the exclusive purchase right granted to WFOE under this Agreement.

 

6.3          Repeated
Application. After the execution of this Agreement, the representations and warranties provided in Section 6.2 of this Agreement
shall be continuously valid. Such representations and warranties shall be deemed as true and valid representations and warranties
throughout the Term of this Agreement.

 

		7.	Affirmative
                                         Covenants

 

7.1           During the Term of this Agreement, the Domestic Company
irrevocably undertakes as follows:

 

		(a)	It shall prudently and effectively operate the business
of the Domestic Company and handle the company’s matters, maintain the existence of the Domestic Company in line with good
financial and commercial standard and practice;

 

		(b)	The Domestic Company shall comply with the provisions
of this Agreement, and shall not make any action or omission that may affect the existence or enforceability of this Agreement;

 

		(c)	The Domestic Company shall immediately notify WFOE in
writing of any litigation, arbitration or administrative proceedings related to the Assets upon such litigation, arbitration or
administrative proceedings is initiated or is threatened to be initiated;

 

		(d)	With regard to all claims other than the enforcement
of this Agreement, the Domestic Company shall execute all necessary or appropriate documents, file all necessary or appropriate
proceedings, make, or authorize WFOE or its Designated Persons upon WFOE’s request to make, all necessary or appropriate
defense, and take any and all other necessary appropriate measures, to ensure the ownership of the Domestic Company in the Assets;

 

		(e)	The Domestic Company shall immediately notify WFOE of
any event which may possibly affect the entirety or enforceability of the Purchase Right of WFOE, or may possibly affect the obligation
or security provided by the Domestic Company under this Agreement;

 

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		(f)	The Domestic Company shall not make any action or omission
that may affect the operation and assets value of the Domestic Company during the Domestic Company’s ordinary operation
of the entire business of the Domestic Company;

 

		(g)	The Domestic Company shall provide relevant documents
regarding the operation and financial conditions of the Domestic Company upon WFOE’s request;

 

		(h)	If required by WFOE, the Domestic Company shall purchase
and retain insurances for the assets and business of the Domestic Company with the insurance companies qualified by WFOE. The
amount and type of insurances shall be consistent with those purchased by the companies of the same class;

 

		(i)	The Domestic Company shall not distribute dividends to
shareholders in any way without prior written consent of WFOE. However, upon the request of WFOE, the Domestic Company shall immediately
distribute all distributable profit to the shareholders, after which such shareholders shall pay or transfer such distribution
to WFOE or companies designated by WFOE unconditionally; and

 

		(j)	In accordance with the request of WFOE and subject to
the laws of China, appoint any Person designated by WFOE to be the legal representative, director or senior officers of the Domestic
Company.

 

		8.	Negative
                                         Covenants

 

8.1           During
the Term of this Agreement, the Domestic Company irrevocably undertakes not to:

 

		(a)	In any way, whether directly or indirectly, sell, contract
to sell, transfer, charge or dispose the Assets, or set security interest against such Assets, except for selling or transferring
to WFOE or its Designated Person in line with this Agreement;

 

		(b)	Without prior written consent of WFOE, supplement, change
or revise of the articles of association and bylaws, increment or decrement of registered capital, or change the share structure,
of the Domestic Company in any way;

 

		(c)	Without prior written consent of WFOE, assume, succeed,
guarantee or accept any debt, except for (i) debts arising from ordinary or daily operation, which are not in the form of a loan;
(ii) debts disclosed to and approved in writing by the Transferee;

 

		(d)	Without prior written consent of WFOE, execute any material
contract, except for those executed in the ordinary course of business;

 

		(e)	Without prior written consent of WFOE, extend any loan
or facility to any Person, except for those extended in the ordinary course of business;

 

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		(f)	Without prior written consent of WFOE, merge with or
be acquired by any Person, or acquire or invest in any Person.

 

8.2           The
Domestic Company agrees that the rights obtained by WFOE under this Agreement shall not be interrupted or impaired by any legal
proceedings initiated by the Domestic Company, its successors or its representatives.

 

		9.	Indemnification

 

9.1          The
Domestic Company hereby agrees to indemnify and hold harmless WFOE from any damage if WFOE incurs any damage due to below matters:

 

		(a)	The Domestic Company makes false representations and
warranties under this Agreement;

 

		(b)	The Domestic Company breaches its undertakings under
this Agreement; and

 

		(c)	Any obligation or debt of the Domestic Company that becomes
or is about to become mature and may affect the Assets, regardless of whether such obligation or debt is aggregated, absolute,
contingent or in other form.

 

9.2          In
this Agreement, Damages includes any claim, litigation, order, loss, cost, expense, (joint) liability, fine and damages,
including legal fees arising from investigations or avoidance of investigation.

 

		10.	Force
                                         Majeure

 

10.1         If any Party delays or fails to perform its obligation
hereunder due to fire, strike, embargo, government requirement, military action, terrorist assault or terrorist threats, action
of God or other exceptional situation that cannot be overcome or avoided by the Parties and cannot be foreseen by the Party alleged
to be affected by such force majeure when entering this Agreement (each a “Force Majeure Event”), such Party shall
not be liable. If a Force Majeure Event takes place, the Party being affected shall immediately notify the other Party; during
the existence of the Force Majeure Event, the Party being affected shall suspend its performance of this Agreement, and the time
for performance after the Force Majeure Event is ended for the Party being affected shall be extended accordingly, the period extended
shall be equal to the period of the existence of the Force Majeure Event. The Party being affected shall notify the other Party
in writing within fifteen (15) days after it becomes aware of such Force Majeure Event, to describe the nature of the Force Majeure
Event and the estimated period it may last. Furthermore, the affected Party shall make commercially reasonable endeavor to reduce
the impact of such Force Majeure Event.

 

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		11.	Notice

 

11.1        All
the notices and other communications required by or sent pursuant to this Agreement shall be in both English and Chinese, and shall
be delivered to the following address or facsimile number of relevant Party by telegraph, facsimile or post:

 

		(a)	If send to the Domestic Company:

 

Address: Room 709 Building 1, #39 Anding Road, Chaoyang
District, Beijing

Telephone: (+8620) 29162114

Attention: David Xueling Li

 

		(b)	If send to WFOE:

 

Address: A553, 6/F Beijing Jinyuan Shidai Shopping
Center, #1 Yuanda Road, Haidian District, Beijing

Telephone: (+8620) 29162114

Attention: David Xueling Li

 

		(c)	If send to the Shareholder:

 

Address: Building 3-08, Yangcheng Creative Industry
Zone, #309 Huangpu Avenue Middle, Tianhe District, Guangzhou

Telephone: (+8620) 29162114

Attention: David Xueling Li

 

		12.	Transfer
                                         and Assign

 

12.1         Unless
with the prior written consent of WFOE, the Domestic Company has no right to transfer or assign any of its rights and obligations
hereunder.

 

12.2         This
Agreement shall be binding upon the Domestic Company and its successors and assigns permitted by WFOE, and is enforceable by WFOE
and its successors and assigns.

 

12.3         If
WFOE is restructured for whatever reason, upon the request of WFOE, the Domestic Company shall enter into a new agreement containing
the content substantially same to the terms and conditions of this Agreement with the restructured WFOE.

 

		13.	Confidentiality

 

13.1         Each
Party recognizes and confirms this Agreement, the content of this Agreement, and any and all oral and written information exchanged
among them for the preparation and performance of this Agreement shall be deemed as confidential information. Each Party shall
hold in confidence all such confidential information, and without the written consent from the other Parties, should not disclose
any confidential information to any third party, provided that, confidential information shall not include information that (a)
is or becomes available to the public other than as a result of disclosure by the receiving Party in violation of this Contract,
or (b) any information which must be disclosed pursuant to laws and regulations, stock trading rules, or as required by order or
decree of governmental authorities or courts; or (c) any information disclosed by either Party to its shareholders, investors,
legal or financial advisors in relation to the transactions contemplated herein, who are bound by confidentiality obligation similar
to this provision. Any disclosure of confidential information by the professionals or institutions engaged by either Party shall
be deemed as the disclosure by such Party, and such Party shall be held liable for breach.

 

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13.2         This
Section 13 shall survive the termination of this Agreement and remain in effect for two (2) years of such termination.

 

		14.	Governing
                                         Law and Resolution of Disputes

 

14.1         Governing
Law. This Agreement, including the validity, rights and obligations of both Parties under this Agreement, shall be governed
by and construed in accordance with the laws of China.

 

14.2         Dispute
Resolution. The Parties will firstly attempt in good faith to resolve any and all disputes arising out of or relating to this
Agreement, including disputes related to the existence, validity, interpretation or termination (the “Dispute”),
through friendly consultations. If a Dispute is not resolved through friendly consultations within thirty (30) days from the date
a Party gives the other Party written notice of the Dispute, then each Party may submit the dispute to CIETAC for arbitration in
accordance with then effective arbitration rules. The number of arbitration shall be one. If the Parties reject the assignment
of arbitrator within twenty (20) days after any Party gives the notice of arbitration, CIETAC shall assign another arbitrator.
The arbitration shall be conducted in Beijing in Chinese. The award of the arbitration tribunal shall be final and binding upon
the Parties.

 

		15.	Amendment
                                         and Waiver

 

15.1        Amendment.
Any amendment to this Agreement shall be made in writing, and only takes effect after the execution by all Parties hereunder. The
amendments and supplements duly executed by all the Parties constitute an integral part of this Agreement, and have the same legal
effectiveness as this Agreement.

 

15.2        No
Implied Waivers. To protect the rights and interests of WFOE, when necessary, WFOE may exercise the rights under this Agreement
at any time, as such rights are in addition to any right provided by law to WFOE. Unless expressly waived in writing by WFOE, the
rights of WFOE shall not be waived. Any delay in exercising its rights by WFOE shall not constitute the waiver of such right.

 

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		16.	Miscellaneous
                                         Provisions

 

16.1         Further
Assurances. On a legitimate and feasible basis, the Parties hereto agree to use all usable rights or powers and through reasonable
endeavor to execute all necessary documents and do all such other things to ensure the completely, timely compliance and performance
of the provisions and principles of this Agreement.

 

16.2         Entire
Agreement. This Agreement constitutes the entire agreement reached among the Parties relating to the Option hereof, and supersedes
in their entirety all prior written and oral agreements and understandings among the Parties relating to the subject matter hereof.
The exhibits are incorporated into this Agreement through reference and constitute an integral part of this Agreement.

 

16.3         Termination.
This Agreement shall enter into its effectiveness upon execution, and remain effective, unless terminated by WFOE at its own discretion
by sending a thirty (30) days prior written notice to other Parties (the “Term”).

 

16.4         Severability
and Replacement. If any single or multiple provisions hereof are judged invalid, illegal or unenforceable in any aspect in
accordance with any laws or regulations, the validity, legality and enforceability of the remaining provisions of this Agreement
shall not be affected in any aspect. The Parties shall in good faith, endeavor to use valid provisions to the extent allowed by
laws and reflecting the intensions of all the Parties, to replace those invalid, illegal or unenforceable provisions, provided
that, the economic effects achieved by such valid provisions shall be similar to the economic effects achieved by those invalid,
illegal or unenforceable provisions.

 

16.5         Counterparts.
This 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. Counterparts delivered through
email attachments or facsimile photocopies shall be deemed as effective deliveries.

 

16.6         Language.
This Agreement is executed in the Chinese language.

 

(The remainder of this page left blank
intentionally)

 

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IN WITNESS WHEREOF, the Parties hereto
have caused this Agreement to be executed by their duly authorized representatives as of the date first above written.

 

	Beijing Bilin Changxiang Information Technology Co., Ltd. 
	 	 	 
	Signatory:	/s/ David Xueling Li	 
	 	 	 
	Name: David Xueling Li	 
	 	 	 
	Title: Legal Representative	 
	 	 	 
	Beijing Bilin Online Information Technology Co., Ltd. 
	 	 	 
	Signatory:	/s/ David Xueling Li	 
	 	 	 
	Name: David Xueling Li	 
	 	 	 
	Title: Legal Representative	 
	 	 	 
	David Xueling Li	 	 
	/s/ David Xueling Li	 	 

 

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EXHIBIT
1 

 

Beijing Bilin Online Information Technology Co., Ltd.

 

Shareholder’s Resolution

 

The undersigned, being all shareholder
of Beijing Bilin Online Information Technology Co., Ltd. (a limited liability company duly incorporated under PRC laws, hereinafter
referred to as the “Company”) and in accordance with the authorization of the Articles of Association
of the Company, hereby unanimously approves below resolutions:

 

IT IS RESOLVED that the Company is hereby
authorized to enter into the Assets Transfer Agreement dated ____ ____, 20__ by and between the Company and Beijing Bilin Changxiang
Information Technology Co., Ltd., and to perform all obligations thereunder; and

 

IT IS FURTHER RESOLVED that ________ is
hereby authorized to execute all documents needed for applying for the government approval on the execution and performance of
the Assets Transfer Agreement. In addition, such authorized person is authorized to do anything he considers appropriate and necessary,
at his own discretion, for the intent and purpose of implementing this resolution.

 

IN WITNESS WHEREOF, the signatory signed
above resolutions on the ___day of ___, 2015.

 

	 	 
	David Xueling Li	 

 

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EXHIBIT
2

 

Assets Transfer Agreement

 

This Assets Transfer Agreement (this “Agreement”)
is made on the ___ day of ___, 20__, by and between:

 

		A.	Beijing Bilin Online Information Technology Co., Ltd., a validly existing limited liability
company duly incorporated under the PRC laws, with its registered address at Room 709 Building 1, #39 Anding Road, Chaoyang District,
Beijing, China (the “Seller”).

 

		B.	Beijing Bilin Changxiang Information Technology Co., Ltd., a validly existing limited liability
company duly incorporated under the PRC laws, with its registered address at A553, 6/F Beijing Jinyuan Shidai Shopping Center,
#1 Yuanda Road, Haidian District, Beijing, China (the “Purchaser”); and

 

Seller and Purchaser shall be hereinafter
individually referred to as a “Party”; collectively, the “Parties”.

 

PREAMBLE

 

		(A)	The Seller is a company specified in providing technology development, technology transfer, technology consultancy, technology
services and technology promotion; advertisement agency and publishing; organizing culture and art communication activities; enterprise
management consultancy; investment consultancy services in China (collectively, the “Business”).

 

		(B)	The Seller has agreed to sell the assets of the Seller being used or to be used in the operation of its Business (the “Assets”),
regardless of whether such Assets are the assets currently owned by the Seller, or owned by the Seller by the time the Purchaser
exercise its exclusive Purchase Right. Such assets include all tangible or intangible assets, machines, devices, instrument and
components, real estates, intellectual property, technical know-how, client list, seller list, and other articles which is capable
to allow WFOE operate the Business in the same way as the Domestic Company, which are particularly suitable and mainly used for
the operation of the Business; the Purchaser agrees to purchase the same.

 

    	 	15	 

     

    

  

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

 

		1.	Transfer
                                         of Assets

 

The Seller hereby agrees to sell all Assets and all related
rights, title and interests in such Assets (as listed in Exhibit 1) without any encumbrances pursuant to the terms and conditions
of this Agreement and the Exclusive Assets Purchase Agreement entered into by and between the Seller and Purchaser date ___ ___,
20__. The Purchaser hereby agrees to accept such transfer.

 

		2.	Transfer
                                         Price

 

The Purchaser shall pay to the Seller or its representative
the transfer price in an amount of RMB ________ (the “Transfer Price”).

 

		3.	Exclusion
                                         of Liability

 

For the avoidance of doubt, the Purchaser shall not bear any
liability in relation to below circumstances:

 

		(a)	Assets existing at or before the closing of the transfer, including any undue or payable amount
of the Seller in acquiring any of the Assets;

 

		(b)	Any liability of default, negligence, breach of duty or other liability owed to third party due
to the action, omission, negligence or default of the Seller and its employee, agent or representative; or

 

		(c)	Any fee and expenses in relation to the Assets payable by the Seller.

 

		4.	Liability
                                         of Default

 

Any Party shall be liable for all direct and indirect damages
or losses arising from its breach of obligations under this Agreement.

 

		5.	Transfer
                                         of the Agreement

 

5.1         Unless with the prior written consent of the Purchaser, the Seller has no right to
transfer or assign any of its rights and obligations hereunder.

 

5.2    
   This Agreement shall be binding upon the Seller and its successors and assigns permitted by
Purchaser, and is enforceable by Purchaser and its successors and assigns.

 

5.3   
    If the Purchaser is restructured for whatever reason, upon the request of the Purchaser, the
Seller shall enter into a new agreement containing the content substantially same to the terms and conditions of this
Agreement with the restructured Purchaser.

 

    	 	16	 

     

    

  

		6.	Effectiveness

 

This Agreement shall enter into its effectiveness upon execution.

 

		7.	Governing
                                         Law

 

This Agreement, including its validity, rights and obligations
of the Parties hereunder, shall be governed by and construed in accordance with the laws of the PRC.

 

		8.	Dispute
                                         Resolution

 

The Parties will firstly attempt in good faith to resolve any
and all disputes arising out of or relating to this Agreement, including disputes related to the existence, validity, interpretation
or termination (the “Dispute”), through friendly consultations. If a Dispute is not resolved through
friendly consultations within thirty (30) days from the date a Party gives the other Party written notice of the Dispute, then
each Party may submit the dispute to CIETAC for arbitration in accordance with then effective arbitration rules. The number of
arbitration shall be one. If the Parties reject the assignment of arbitrator within twenty (20) days after any Party gives the
notice of arbitration, CIETAC shall assign another arbitrator. The arbitration shall be conducted in Beijing in Chinese. The award
of the arbitration tribunal shall be final and binding upon the Parties.

 

		9.	Language

 

This Agreement is executed in the Chinese language.

 

		10.	Miscellaneous
                                         Provisions

 

Being reasonably requested by the Purchaser, the Seller agrees
to execute and deliver other documents and take other measures to perform its obligations as the Seller under this Agreement, and
perfect all transfer procedures and requirements.

 

This 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. Counterparts delivered through email attachments or facsimile photocopies shall be deemed
as effective deliveries.

 

(The remainder of this page left blank
intentionally)

 

    	 	17	 

     

    

  

IN WITNESS WHEREOF, the Parties hereto
have caused this Agreement to be executed by their duly authorized representatives as of the date first above written.

 

SELLER: Beijing Bilin Online Information
Technology Co., Ltd. 

 

Signatory:

 

Name: David Xueling Li

 

Title: Legal Representative

 

PURCHASER: Beijing Bilin Changxiang
Information Technology Co., Ltd. 

 

Signatory:

 

Name: David Xueling Li

 

Title: Legal Representative

 

    	 	18	 

     

    

 

EXHIBIT
3

 

Power of Attorney

 

WHEREAS:

 

Beijing Bilin Online Information Technology
Co., Ltd., a validly existing limited liability company duly incorporated under the PRC laws, with its registered address at Room
709 Building 1, #39 Anding Road, Chaoyang District, Beijing, China (the “Domestic Company”), David Xueling Li,
an individual with PRC nationality, ID Card number 640204197410230034 (the “Transferor”), and Beijing
Bilin Changxiang Information Technology Co., Ltd., a validly existing limited liability company duly incorporated under the PRC
laws, with its registered address at A553, 6/F Beijing Jinyuan Shidai Shopping Center, #1 Yuanda Road, Haidian District, Beijing,
China (the “WFOE”) have entered into an Exclusive Assets Purchase Agreement on 25 August, 2015 (the “Exclusive
Assets Purchase Agreement”).

 

THEREFORE:

 

The Domestic Company hereby irrevocably
authorizes WFOE (including WFOE and its Designated Person) to fill in the date and relevant information in the Assets Transfer
Agreement under the Exclusive Assets Purchase Agreement, and authorizes WFOE to retain such document.

 

The Shareholder hereby irrevocably authorized
WFOE (including WFOE and its Designated Person) to fill in the date and relevant information in the Shareholder’s Resolution
under the Exclusive Assets Purchase Agreement, and authorizes WFOE to retain such document.

 

This Power of Attorney shall become continuously
effective from ___ ___, 2015 and shall not be revoked.

 

(The remainder of this page left blank
intentionally)

 

    	 	19	 

     

    

  

This page being the execution page of the
Power of Attorney.

 

DOMESTIC COMPANY: Beijing Bilin Online
Information Technology Co., Ltd. 

 

Signatory:

 

Name: David Xueling Li

 

Title: Legal Representative

 

	SHAREHOLDER: David Xueling Li	 
	 	 

 

(Signature)

 

    	 	20Exhibit 4.31

 

Equity
Interest Pledge Agreement

 

This Equity Interest Pledge Agreement (this
“Agreement”), dated 25 August, 2015, is made in Beijing, the People’s Republic of China (the “PRC”),
by and between:

 

	 	A.	David Xueling Li, an individual with PRC nationality, ID Card number
    640204197410230034 (the “Pledgor”);

 

	 	B.	Beijing Bilin Changxiang Information Technology Co., Ltd., a validly existing limited liability company duly incorporated under the PRC laws, with its registered address at A553, 6/F Beijing Jinyuan Shidai Shopping Center, #1 Yuanda Road, Haidian District, Beijing, China (the “Beneficiary”); and

 

	 	C.	Beijing Bilin Online Information Technology Co., Ltd., a validly existing limited liability company duly incorporated under the PRC laws, with its registered address at Room 709 Building 1, #39 Anding Road, Chaoyang District, Beijing, China (the “Domestic Company”).

 

Pledgor, Beneficiary and Domestic Company
shall be hereinafter individually referred to as a “Party”; collectively, the “Parties”.

 

PREAMBLE

 

The Domestic Company is a company specified
in providing technology development, technology transfer, technology consultancy, technology services and technology promotion;
advertisement agency and publishing; organizing culture and art communication activities; enterprise management consultancy; investment
consultancy services in China (collectively, the “Business”). The Pledgor holds 100% of the equity interest
in the registered capital of the Domestic Company.

 

The Parties have entered into a series
of other main agreements related to this Agreement, as attached hereto as Exhibit 1 (the “Main Agreements”).

 

The Pledgor agrees to pledge all of the
rights, titles and interest (“Rights and Interests”) vested in its equity interests in the Domestic Company,
which represents 100% of the registered capital of the Domestic Company, to the Beneficiary as security for the performance of
the payment obligations under the Main Agreements, and further agrees to enter into this Agreement, to secure all its obligation
under the Main Agreements to the Beneficiary.

 

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

 

		1.	Definitions and
Interpretations

 

		1.1	Definitions. Unless otherwise provided, in this
Agreement:

 

Business
has the meaning assigned to it in the Preamble.

 

    	 	1	 

     

    

 

CIETAC
means the China International Economic and Trade Arbitration Commission.

 

China
means the People’s Republic of China.

 

Dispute
has the meaning assigned to it in Section 15.2.

 

Encumbrance
means any mortgage, charge, pledge, lien, assign, hypothecation, security interest, retention of title, option, preemptive right,
right of first refusal, constraint, third party right or interest, any type of favorable arrangement (including transfer or retention
of title that has similar effect), any type of other security agreement, arrangement, burden of right or dissent, or any agreement
that sets forth above burden of right.

 

Event of Default
has the meaning assigned to it in Section 5.

 

Exclusive Assets
Purchase Agreement means the Exclusive Assets Purchase Agreement entered into on the same day of this Agreement by and
between the Beneficiary, Domestic Company and Pledgor, according to which the Domestic Company agrees to grant an exclusive purchase
right of purchasing its assets to the Beneficiary.

 

Exclusive Option
Agreement means the Exclusive Option Agreement entered into on the same day of this Agreement by and between the Pledgor,
Domestic Company and Beneficiary, according to which the Pledgor agrees to grant an exclusive option of purchasing its pledged
equity right to the Beneficiary.

 

Governmental
Approval means all license, permit, approval, ratification, consent, waiver or registration required or issued by PRC government
authorities.

 

Notice of Default
has the meaning assigned to it in Section 5.1.

 

Debt
has the meaning assigned to it in Section 2.2.

 

Main Agreements
has the meaning assigned to it in the Preamble, including the Exclusive Assets Purchase Agreement, the Exclusive Option Agreement,
the Exclusive Business Cooperation Agreement and the Power of Attorney, as attached hereto as Exhibit 1.

 

Pledge
has the meaning assigned to it in Section 2.1.

 

Rights and Interests
of Pledge has the meaning assigned to it in Section 2.1.

 

RMB means
Renminbi, the official currency of PRC.

 

Term
has the meaning assigned to it in Section 3.1.

 

1.2         
Headings. All headings in this Agreement are for convenience only and shall not affect the interpretation of this Agreement.

 

1.3         
Interpretations. Unless otherwise provided, below words, expressions and references shall have the following meanings:

 

    	 	2	 

     

    

 

	 	(a)	When referring to the terms and exhibits of this Agreement, it shall also include such terms and exhibits as amended from time to time.

 

	 	(b)	When referring to this Agreement or other agreement or document, it shall also include the modifications, remarks or supplements to this Agreement or other agreement or document from time to time.

 

	 	(c)	When referring to any law or statutory provision, it shall also include any revision, extension, combination or replacement related to such law or provision, and any law or provision that revise, extend, combine or replace the first law or provision, and also include orders, ordinances, instructions or other subordinate legislation promulgated in accordance with relevant law or provisions.

 

		(d)	Singular form shall also include plural form and vice versa.

 

	 	(e)	Person include individual, proprietorship, partnership, joint venture, company, joint-stock company, unincorporated organization, state and government organs, and its assignee, transferee or successor.

 

	 	(f)	Include and especially are special terms for description or emphasis purposes only, and shall not limit any provision in any way.

 

	 	(g)	This Agreement is drafted jointly by the Parties. No narrow interpretation rule shall be applied to any Party.

 

2.            
Rights and Interests of Pledge

 

2.1          
The Pledgor hereby pledges any and all equity interests and rights, titles and interests of pledgee, as well as any right attached
thereto (collectively, the “Rights and Interests of Pledge”) of the Domestic Company owned by it now
and acquired in the future to the Beneficiary and its successor as security for the Pledgor’s repayment and performance of
the Pledgor’s debt and obligations (the “Pledge”).

 

2.2          
This Agreement and the Pledge provided herein are to secure: (a) the obligations of the Pledgor and Domestic Company under the
Main Agreements, including but not limited to repay any debt or owing (collectively, the “Debt”); (b)
all direct, indirect, consequential and foreseeable loss incurred by the Beneficiary and its successor due to any Event of Default
on the part of the Pledgor and/or Domestic Company. The amount of such loss shall be calculated based on, among others, reasonable
business plan and profit forecast of the Beneficiary and its successor, and the cooperation reward payable by Domestic Company
under the Exclusive Business Cooperation Agreement; (c) disbursement by the Beneficiary and its successor on realizing their right
of pledgee obtained under this Agreement; and (d) other obligations that the Pledgor assumes under this Agreement.

 

    	 	3	 

     

    

 

2.3          
The effectiveness of the security: (a) the effectiveness of the security provided under this Agreement shall not be affected by
any modification or changes to any of the Main Agreements, and the security provided under this Agreement remains effective for
all obligations of the Pledgor and Domestic Company under such modified Main Agreements; (b) the invalidation, repeal or cancellation
of the Main Agreements shall not affect the effectiveness of this Agreement. If any of the Main Agreements becomes null or invalid,
or is repealed or cancelled, or the Pledgor and/or Domestic Company fails to perform its obligation, the Beneficiary is entitled
to realize the right of pledge in line with this Agreement forthwith.

 

3.            
Pledge Term

 

3.1          
This Pledge becomes effective immediately after the equity interests pledged hereunder is recorded on the share register of the
Domestic Company, and remains valid until the Pledgor and Domestic Company fully performed their obligations under this Agreement
and the Main Agreements, or the Beneficiary realize all of its right of pledge provided under this Agreement (the “Term”).

 

3.2          
The Pledgor and Domestic Company shall record the equity interests pledge on the share register of the Company, and register the
Pledge with the State Administration for Industry and Commerce (or Beijing local industry and commerce administration authority).

 

4.             Perfection of the Pledge

 

4.1         
Upon request of the Beneficiary, the Pledgor hereby undertakes to sign all certificates, agreements, covenants, undertakings or
notices, and procure other Parties or individuals to sign all certificates, agreements, covenants, undertakings or notices requested
by the Beneficiary, to facilitate the perfection or exercise of the Beneficiary’s rights provided in this Agreement.

 

4.2           Upon the execution of this Agreement, the Pledgor shall sign and deliver its capital contribution certificate (the “Capital
Contribution Certificate”) in the form provided in the Exhibit 2 of this Agreement, and the share register of the
Domestic Company (the “Share Register”) in the form provided in the Exhibit 3 of this Agreement. The
Beneficiary shall remain the custodian of such documents throughout the whole Term of this Agreement.

 

4.3          
Within three (3) working days upon the completion of the registration of the Pledge, the Pledgor and Beneficiary shall notarize
the Pledge under this Agreement with competent notary public.

 

4.4          
The Pledgor, Domestic Company and WFOE shall register the Pledge within fifteen working days upon the execution of this Agreement.

 

5.            
The Enforcement of the Pledge

 

5.1          
If the Pledgor finds any Event of Default, the Pledgor shall forthwith notify the Beneficiary in writing. Upon the occurrence of
any Event of Default, or any time thereafter, the Beneficiary is entitled to deliver written notice of default (the “Notice
of Default”) to the Pledgor. The Notice of Default may require the Pledgor pay to the Beneficiary due and payable
amounts and other due payment obligations immediately. For the purpose of this Agreement, “Event of Default”
shall mean one or more of following situations:

 

    	 	4	 

     

    

 

	 	(a)	The Pledgor or Domestic Company breaches any provision of the Main Agreements or this Agreement, including but not limited to the Main Agreements, and representations, warranties and undertakings in this Agreement;

 

		 (b)	The Main Agreements are invalidated, repealed cancelled or terminated;

 

	 	(c)	The Domestic Company suspends its operation, is liquidated or wind-up, or is ordered to suspend its operation, to be liquidated or wind-up;

 

	 	(d)	The Pledgor is involved in any disputes, litigations, arbitrations or administrative proceedings or any other legal proceedings related to the Rights and Interests of Pledge, which is considered by the Beneficiary or its successor to be possible to create adverse effect on the performance of the Pledgor’s obligations under this Agreement;

 

		(e)	Other events provided by law.

 

5.2         
After the delivery of Notice of Default in accordance with this Agreement, the Beneficiary or its authorized agent may decide,
at its sole discretion, to exercise any of below rights, remedies and powers, without further notify the Pledgor:

 

	 	(a)	Subject to the terms and conditions of this Agreement, obtain all rights, titles and interests of the Rights and Interests of Pledge, and terminates all rights of the Pledgor related to such rights and interests or equity interest; or, when the law provides that the Beneficiary is not allowed to hold all or any of the Rights and Interests of Pledge, transfer the Rights and Interests of Pledge to a third party designated by the Beneficiary to remedy the non-performance of the main obligation of the Pledgor.

 

	 	(b)	At its own discretion, exercise all power of voting, rights of the artificial person and other rights in the general meeting of the Domestic Company or other meetings which may affect the Rights and Interests of Pledge and equity interest, where all such rights of the Pledgor related to the Rights and Interests of Pledge and equity interest shall be suspended;

 

	 	(c)	At its own discretion, exercise all rights of conversion, sales, transfer, subscription, and other rights, powers, privileges or options, where all such rights of the Pledgor related to the Rights and Interests of Pledge and equity interest shall be suspended;

 

	 	(d)	Receive from the Pledgor all proceeds generated from the Rights and Interests of Pledge and equity interest, including dividends, interests or any other sums, where all such rights of the Pledgor related to the Rights and Interests of Pledge and equity interest shall be suspended;

 

    	 	5	 

     

    

 

		(e)	Sell, grant the right of purchase, assign, deliver, transfer or dispose in any other way the entire or any portion of the Rights and Interests of Pledge and equity interest, through public or internal sales, without publishing advertisements or notifying the intention, time and venue of the sales, and without sending performance requests to the other Party;

 

	 	(f)	Sell, grant the right of purchase, assign, deliver, transfer or dispose in any other way the entire or any portion of the Rights and Interests of Pledge and equity interest, through public or internal sales, in exchange of cash, sales on credit, other assets or other consideration or terms or conditions solely decided by the Beneficiary upon the delivery or future deliveries;

 

	 	(g)	Exercise any power granted to the Pledgor by any law, agreement, contract or articles of associations of the Domestic Company, where the Pledgor shall suspend its exercise of such power;

 

	 	(h)	To exercise the powers granted by this Agreement, conduct any action that is necessary, contingent or auxiliary to the exercise of such powers;

 

	 	(i)	Exercise all powers of vote, consent and other powers of the ownership related to the Rights and Interests of Pledge and equity interest, including all powers required for replacing the directors of the Domestic Company; and

 

	 	(j)	Subject to applicable laws, perform all actions required to exercise, perform and enforce the Pledge provided under this Agreement.

 

5.3          
The rights and remedies provided above are rights and remedies in addition to all rights and remedies that the Beneficiary can
obtain in accordance with applicable law. Under this Section 5, the rights and remedies provided above are only sample instances
of the rights, remedies and powers enjoyed by the Beneficiary, and shall not be understood as limiting the rights, remedies and
powers actually enjoyed by the Beneficiary in any way.

 

5.4          
Upon the request of the Beneficiary, execute all necessary documents required to dispose the Rights and Interests of Pledge or
equity interest in accordance with the terms and conditions of this Agreement, and take other measures required to dispose the
Rights and Interests of Pledge or equity interest.

 

6.            
Disbursements and Costs

 

6.1         
All actual disbursements related to the grant and enforcement of the Pledge provided in this Agreement, including stamp tax, other
tax and legal fees, shall be borne by the respective Party.

 

    	 	6	 

     

    

 

7.            
Dividends and Power of Voting

 

7.1          
The Distribution and Payment of Dividends

 

	 	(a)	Without prior written consent of the Beneficiary, the Domestic Company shall not distribute dividends at any time, unless the Pledgor has unconditionally and irrevocably paid all due and payable amounts under the Main Agreements to the Beneficiary, and has performed all obligations under the Main Agreements in full.

 

	 	(b)	Without prior written consent of the Beneficiary, the Pledgor shall not procure the Domestic Company to issue any other equity interest, unless the Pledgor has unconditionally and irrevocably paid all due and payable amounts under the Main Agreements to the Beneficiary, and has performed all obligations under the Main Agreements in full.

 

7.2          
Power of Voting

 

	 	(a)	During the Term of this Agreement, no power of voting shall be vested in, or exercised by, the Pledgor.

 

	 	(b)	The Pledgor hereby authorizes the Beneficiary, during the Term of this Agreement, to exercise the right of voting in each general meeting of the Domestic Company, whether such general meeting is ordinary or special. The Pledgor hereby authorizes the Beneficiary to exercise all documents required for the Beneficiary to exercise the Pledgor’s right of voting and other rights as the shareholder of the Domestic Company, and take all such measures required for the Beneficiary to exercise the Pledgor’s right of voting and other rights as the shareholder of the Domestic Company. The Pledgor shall immediately notify the Beneficiary in writing upon the Pledgor’s receipt of any notice of general meeting in accordance with the articles of association of the Domestic Company.

 

8.            
Representations and Warranties

 

8.1          
Reliance Confirmation. The Pledgor hereby confirms that the Beneficiary entered in to this Agreement entirely relying on
the representations and warranties made under this Section 8.

 

8.2          
Representations and Warranties. The Pledgor represents and warrants to the Beneficiary as follows:

 

	 	(a)	The Pledgor is competent in executing and performing this Agreement. The Pledgor has obtained all necessary and appropriate approvals and authorizations require for the execution and performance of this Agreement.

 

	 	(b)	This Agreement constitutes legal and binding and enforceable obligations of the Pledgor in line with its terms and provisions.

 

    	 	7	 

     

    

 

	 	(c)	To the best knowledge of the Pledgor, unless otherwise disclosed in writing to the other Parties by the Pledgor, the Pledgor is currently not involved in any disputes, litigations, arbitrations, administrative litigations or any other legal proceedings.

 

	 	(d)	Except for debts arising from the ordinary business of the Domestic Company and the debts already disclosed to, and approved in writing by, the Beneficiary, the Domestic Company has no other outstanding debts;

 

	 	(e)	Except for the Rights and Interests of Pledge pledged to the Beneficiary and the exclusive option granted to the Beneficiary under the Exclusive Option Agreement, the Pledgor has not pledge, assign or by any other means transfer the Rights and Interests of Pledge to any third party;

 

	 	(f)	During the Term of this Agreement, except for the exclusive purchase right granted to the Beneficiary under the Exclusive Assets Purchase Agreement, the Pledgor has used and will use its best endeavor to ensure that the Domestic Company has not charged, pledged or in any other way disposed the assets of the Domestic Company, and will not charge, pledge or in any other way dispose such assets, unless within the ordinary course of business;

 

	 	(g)	The Pledgor is the sole legitimate and registered owner of the equity interest of the Rights and Interests of Pledge.

 

	 	(h)	The Pledgor has good and marketable title over the Rights and Interests of Pledge with no lien or other security interests, except for the Rights and Interests of Pledge pledged to the Beneficiary under this Agreement, and the exclusive purchase right granted to the Beneficiary under the Exclusive Option Agreement.

 

	 	(i)	The equity interest of the Domestic Company of the Pledgor has been paid up in full, and such equity interest is bearer equity; and

 

	 	(j)	The pledge, assign or delivery of the Rights and Interests of Pledge in accordance with this Agreement will create valid absolute priority lien and absolute priority perfect security interest to guarantee the repayment of the Debt.

 

8.3          
Repeated Application. After the execution of this Agreement, the representations and warranties provided in Section 8.2
of this Agreement shall be continuously valid. Such representations and warranties shall be deemed as true and valid representations
and warranties throughout the Term of this Agreement.

 

9.            
Affirmative Covenants

 

9.1          
During the Term of this Agreement, the Pledgor irrevocably undertakes as follows:

 

	 	(a)	The Pledgor shall comply with the provisions of this Agreement and perform other obligations under the Main Agreements, and shall not make any action or omission that may affect the existence or enforceability of this Agreement or any other Main Agreements;

 

    	 	8	 

     

    

 

	 	(b)	With regard to all claims other than the enforcement of this Agreement and the Exclusive Option Agreement, the Pledgor shall execute all necessary or appropriate documents, file all necessary or appropriate proceedings, make, or authorize the Beneficiary or its designated Persons upon the Beneficiary’s request to make, all necessary or appropriate defense, and take any and all other necessary appropriate measures, to ensure the ownership in the Rights and Interests of Pledge of the Pledgor;

 

	 	(c)	The Pledgor shall immediately notify the Beneficiary of any litigation, arbitration, administrative proceedings related to the Domestic Company or its equity interest;

 

	 	(d)	The Pledgor shall immediately notify the Beneficiary of any event which may possibly affect any portion of the Rights and Interests of Pledge enjoyed by the Beneficiary, or may possibly affect the obligation or security provided under this Agreement or other Main Agreements;

 

	 	(e)	The Pledgor shall not make any action or omission that may affect the operation and assets value of the Domestic Company during the Pledgor’s ordinary operation of the entire business of the Domestic Company;

 

	 	(f)	The Pledgor shall provide relevant documents regarding the operation and financial conditions of the Domestic Company upon the Beneficiary’s request;

 

	 	(g)	If required by the Beneficiary, the Pledgor shall purchase and retain insurances for the assets and business of the Domestic Company with the insurance companies qualified by the Beneficiary. The amount and type of insurances shall be consistent with those purchased by the companies of the same class;

 

	 	(h)	The Pledgor shall not distribute dividends to shareholders in any way without prior written consent of the Beneficiary. However, upon the request of the Beneficiary, the Pledgor shall immediately distribute all distributable profit to the shareholders, after which such shareholders shall pay or transfer such distribution to the Beneficiary or companies designated by the Beneficiary unconditionally; and

 

	 	(i)	In accordance with the request of the Beneficiary and subject to the laws of China, appoint any Person designated by the Beneficiary to be the legal representative, director or senior officers of the Domestic Company.

 

10.         
Negative Covenants

 

10.1        
The Pledgor irrevocably undertakes not to:

 

	 	(a)	In any way, whether directly or indirectly, sell, contract to sell, transfer, charge or dispose the Rights and Interests of Pledge, or set security interest against the Rights and Interests of Pledge, except for selling or transferring to the Beneficiary or its designated Person in line with this Agreement or the Exclusive Option Agreement;

 

    	 	9	 

     

    

 

	 	(b)	Procure the general meeting or board of directors to approve any sales, contract to sale, transfer, charge or disposal of the Rights and Interests of Pledge, or set any security interest against the Rights and Interests of Pledge, without prior written consent of the Beneficiary, except for selling or transferring to the Beneficiary or its designated Person in line with this Agreement or the Exclusive Option Agreement;

 

	 	(c)	Without prior written consent of the Beneficiary, or outside the ordinary course of business, procure the general meeting or board of directors to approve any sales, contract to sale, transfer, charge or disposal of the assets of the Domestic Company, except for selling or transferring to the Beneficiary or its designated Person in line with this Agreement or the Exclusive Assets Purchase Agreement;

 

	 	(d)	Without prior written consent of the Beneficiary, procure the supplement, change or revision of the articles of association and bylaws, increment or decrement of registered capital, or change the share structure, of the Domestic Company;

 

	 	(e)	Without prior written consent of the Beneficiary, assume, succeed, guarantee or accept any debt, except for (i) debts arising from ordinary or daily operation, which are not in the form of a loan; (ii) debts disclosed to and approved in writing by the Beneficiary;

 

	 	(f)	Without prior written consent of the Beneficiary, procure the Domestic Company to execute any material contract, except for those executed in the ordinary course of business;

 

	 	(g)	Without prior written consent of the Beneficiary, procure the Domestic Company to extend any loan or facility to any Person, except for those extended in the ordinary course of business;

 

	 	(h)	Without prior written consent of the Beneficiary, procure the Domestic Company to be merged with or acquired by any Person, or acquire or invest in any Person.

 

10.2        
The Pledgor agrees that the rights obtained by the Beneficiary under this Agreement shall not be interrupted or impaired by any
legal proceedings initiated by the Pledgor, its successors or its representatives.

 

11.         
Change of Circumstances

 

11.1        
As a supplement to the terms of this Agreement and not to conflict with the terms of this Agreement, anytime when China promulgates
a law or makes any changes to a law, or the interpretation or application of such laws, or changes the procedures of relevant registration,
thereby makes the Beneficiary consider the continuous effectiveness of this Agreement and/or disposing Rights and Interests of
Pledge in accordance with this Agreement illegal or conflict with such laws, upon and in accordance with written instructions of
the Beneficiary, the Pledgor shall immediately take measures and/or execute any agreements or other documents, to:

 

    	 	10	 

     

    

 

		 (a)	 Ensure the effectiveness of this Agreements;

 

	 	(b)	Assist in disposing the Rights and Interests of Pledge in accordance with this Agreement; and/or

 

	 	(c)	Retain or realize the purpose of this Agreement, or retain or realize the security interest created under this Agreement.

 

12.         
Notice

 

12.1        
All the notices and other communications required by or sent pursuant to this Agreement shall be in both English and Chinese, and
shall be delivered to the following address or facsimile number of relevant Party by telegraph, facsimile or post:

 

	(a)	If send to the Pledgor:

 

Address: Building 3-08, Yangcheng
Creative Industry Zone, #309 Huangpu Avenue Middle, Tianhe District, Guangzhou

 

Telephone: (+8620) 29162114

 

Attention: David Xueling Li

 

	(b)	If send to the Beneficiary:

 

Address: A553, 6/F Beijing Jinyuan
Shidai Shopping Center, #1 Yuanda Road, Haidian District, Beijing

 

Telephone: (+8620) 29162114

 

Attention: David Xueling Li

 

	(c)	If send to the Domestic Company:

 

Address: Room 709 Building 1,
#39 Anding Road, Chaoyang District, Beijing

 

Telephone: (+8620) 29162114

 

Attention: David Xueling Li

 

13.          
Transfer of Agreement

 

13.1        
Unless with the prior written consent of the Beneficiary, the Pledgor has no right to grant or transfer any of its rights and obligations
hereunder.

 

13.2        
This Agreement shall be binding upon the Pledgor and its successors and assigns permitted by the Beneficiary, and inure to the
benefit of the Pledgee and its successors and assigns.

 

    	 	11	 

     

    

 

 

13.3        
If the Beneficiary is restructured for whatever reason, upon the request of the Beneficiary, the Pledgor shall enter into a new
agreement containing the content substantially same to the terms and conditions of this Agreement with the restructured Beneficiary.

 

14.         
Confidentiality

 

14.1         
Each Party recognizes and confirms this Agreement, the content of this Agreement, and any and all oral and written information
exchanged among them for the preparation and performance of this Agreement shall be deemed as confidential information. Each Party
shall hold in confidence all such confidential information, and without the written consent from the other Parties, should not
disclose any confidential information to any third party, provided that, confidential information shall not include information
that (a) is or becomes available to the public other than as a result of disclosure by the receiving Party in violation of this
Contract, or (b) any information which must be disclosed pursuant to laws and regulations, stock trading rules, or as required
by order or decree of governmental authorities or courts; or (c) any information disclosed by either Party to its shareholders,
investors, legal or financial advisors in relation to the transactions contemplated herein, who are bound by confidentiality obligation
similar to this provision. Any disclosure of confidential information by the professionals or institutions engaged by either Party
shall be deemed as the disclosure by such Party, and such Party shall be held liable for breach.

 

14.2        
This Section 14 shall survive the termination of this Agreement and remain in effect for two (2) years of such termination.

 

15.         
Applicable Laws and Dispute Resolution

 

15.1       
Applicable Laws. This Agreement, including its validity, rights and obligations of the Parties hereunder, shall be governed
by and construed in accordance with the laws of the PRC.

 

15.2       
Dispute Resolution. The Parties will firstly attempt in good faith to resolve any and all disputes arising out of or relating
to this Agreement, including disputes related to the existence, validity, interpretation or termination (the “Dispute”),
through friendly consultations. If a Dispute is not resolved through friendly consultations within thirty (30) days from the date
a Party gives the other Party written notice of the Dispute, then each Party may submit the dispute to CIETAC for arbitration in
accordance with then effective arbitration rules. The number of arbitration shall be one. If the Parties reject the assignment
of arbitrator within twenty (20) days after any Party gives the notice of arbitration, CIETAC shall assign another arbitrator.
The arbitration shall be conducted in Beijing in Chinese. The award of the arbitration tribunal shall be final and binding upon
the Parties.

 

    	 	12	 

     

    

 

 

16.         
Amendment and Waiver

 

16.1        
Amendment. Any amendment to this Agreement shall be made in writing, and only takes effect after the execution by all Parties
hereunder. The amendments and supplements duly executed by all the Parties constitute an integral part of this Agreement, and have
the same legal effectiveness as this Agreement.

 

16.2        
No Implied Waivers. To protect the rights and interests of the Beneficiary, when necessary, the Beneficiary may exercise
the rights under this Agreement at any time, as such rights are in addition to any right provided by law to the Beneficiary. Unless
expressly waived in writing by the Beneficiary, the rights of the Beneficiary shall not be waived. Any delay in exercising its
rights by the Beneficiary shall not constitute the waiver of such right.

 

17.         
Miscellaneous Provisions

 

17.1        
Liability of Default. If the Pledgor breaches any provision of this Agreement, the Pledgor constitutes a default. The Beneficiary
is then entitled to require the Obligor to assume consequences in accordance with this Agreement, including realizing the Pledge
under this Agreement. Any breaching Party shall indemnify the other Parties for all direct economic losses arising from its default.

 

17.2        
Further Assurances. On a legitimate and feasible basis, the Parties hereto agree to use all usable rights or powers and
through reasonable endeavor to execute all necessary documents and do all such other things to ensure the completely, timely compliance
and performance of the provisions and principles of this Agreement.

 

17.3        
Entire Agreement. This Agreement and other Main Agreements constitute the entire agreement reached among the Parties relating
to the Pledge hereof, and supersedes in their entirety all prior written and oral agreements and understandings among the Parties
relating to the subject matter hereof. The exhibits are incorporated into this Agreement through reference and constitute an integral
part of this Agreement.

 

17.4         Termination.
This Agreement shall enter into its effectiveness upon execution. The Beneficiary is entitled to terminate this Agreement at its
own discretion.

 

17.5        
Severability and Replacement. If any single or multiple provisions hereof are judged invalid, illegal or unenforceable in
any aspect in accordance with any laws or regulations, the validity, legality and enforceability of the remaining provisions of
this Agreement shall not be affected in any aspect. The Parties shall in good faith, endeavor to use valid provisions to the extent
allowed by laws and reflecting the intensions of all the Parties, to replace those invalid, illegal or unenforceable provisions,
provided that, the economic effects achieved by such valid provisions shall be similar to the economic effects achieved by those
invalid, illegal or unenforceable provisions.

 

    	 	13	 

     

    

 

 

17.6        Counterparts. This 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. Counterparts
delivered through email attachments or facsimile photocopies shall be deemed as effective deliveries.

 

17.7        
Language. This Agreement is executed in the Chinese language.

 

(The remainder of this page left blank
intentionally)

 

 

    	 	14	 

     

    

 

 

IN WITNESS WHEREOF, the Parties hereto
have caused this Agreement to be executed by their duly authorized representatives as of the date first above written.

 

PLEDGOR:

 

Signatory: /s/ David Xueling Li

 

Name: David Xueling Li

 

BENEFICIARY: Beijing Bilin Changxiang
Information Technology Co., Ltd.

 

Signatory: /s/ David Xueling Li

 

Name: David Xueling Li

 

Title: Legal Representative

 

DOMESTIC COMPANY: Beijing Bilin Online
Information Technology Co., Ltd. 

 

Signatory: /s/ David Xueling Li

 

Name: David Xueling Li

 

Title: Legal Representative

 

    	 	15	 

     

    

 

Exhibit
1

 

	Name
    of Agreement	 	Parties	 	Date
    of Agreement
	Exclusive Assets Purchase
    Agreement	 	Pledgor, Beneficiary
    and Domestic Company	 	25 August, 2015
	Exclusive Option Agreement	 	Pledgor, Beneficiary
    and Domestic Company	 	25 August, 2015
	Exclusive Business Cooperation
    Agreement	 	Domestic Company and
    Beneficiary	 	25 August, 2015
	Power of Attorney	 	Pledgor	 	25 August, 2015

 

Main
Agreements

 

    	 	16	 

     

    

 

Exhibit
2

 

Capital Contribution Certificate

of the Domestic Company

 

It is hereby certified that ______ (ID
Card number:__________________) holds 100% equity interest of Beijing Bilin Online Information Technology Co., Ltd., and such 100%
equity interest has been pledged to WFOE.

 

Signatory:

 

Name:

 

Title: Legal Representative

 

(Seal of Beijing Bilin Online Information
Technology Co., Ltd.)

 

Exhibit
3

 

Share Register 

of the Domestic Company

 

(Omitted)

 

    	 	17

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