Document:

Exhibit 4.176

 

Appendix
VII: New Pledge Contract (signed by Party B and Party D)

 

Equity
Pledge Contract

 

This
Equity Pledge Contract (hereinafter referred to as the “Contract”) is concluded and signed on June 21, 2017 in Beijing
China by and between:

 

Pledgor:
Zaisi Cui

 

Address:
17/F, Building A, Fuzhuo Tower, 28 Xuanwumenwai Street, Xicheng District, Beijing

 

ID
card No.: 110223198101222743

 

Pledgee:
Fortune Software (Beijing) Co., Ltd.

 

Registered
address: Suite 07, 7/F, Building 2, 26, 28 and 30 Xuanwumenwai Street, Xicheng District, Beijing

 

Whereas:

 

1.
The Pledgor is a citizen of the People’s Republic of China (hereinafter referred to as “China”) and owns
10% Equities of Shenzhen Ganlanren Investment & Management Co., Ltd. (hereinafter referred to as
“Ganlanren”). Ganlanren is a company registered and established in Beijing China and engages in investment
management;

 

2.
The Pledgee is a limited liability company registered and established in Beijing, China and engages in technical
development, technical consulting and other businesses with the permission of related government departments of China. The
Pledgee and Ganlanren whose Equities are held by the Pledgor have signed a series of agreements (hereinafter referred to as
“Service Agreements”);

 

3.
In order to warrant the normal collection of all fees (hereinafter collectively referred to as “Service Fees”)
under the Service Agreements by Pledgee from Ganlanren whose Equities are held by the Pledgor, the Pledgor puts up all
Equities owned thereby in Ganlanren as the pledge guarantee for all debts owed by Ganlanren to the Pledgee under the Service
Agreements.

 

In
order to perform the provisions of the Service Agreements, the Pledgor and the Pledgee agree through consultation to sign this
Contract according to the following provisions.

 

     

     

    

 

1.
Definitions

 

Unless
otherwise provided for in this Contract, the following terms shall have the meaning as set forth below:

 

1.1
Right of Pledge: means all contents set forth in Article 2 hereof.

 

1.2
Equities: means the Equities of Ganlanren lawfully held by the Pledgor.

 

1.3
Collateral: means the Equities pledged by the Pledgor to the Pledgee pursuant to this Contract and the dividends generated by
such Equities.

 

1.4
Guaranteed Debt: means all debts owed by Ganlanren to the Pledgee under the Service Agreements, including the Service Fee and
interest payable by Ganlanren to the Pledgee, liquidated damages, compensation, expenses on the realization of creditor’s
rights, losses caused to the Pledgee due to default by Ganlanren, and all other payable expenses.

 

1.5
Term of Pledge: means the period specified in Article 4.1 hereof.

 

1.6
Service Agreements: means various agreements signed by and between Ganlanren whose Equities are held by the Pledgor and the Pledgee,
including but not limited to the strategic consulting agreement and technical support service agreement.

 

1.7
Event of Default: means any circumstance set forth in Article 8 hereof.

 

1.8
Notice of Default: means the notice given by the Pledgee pursuant hereto, announcing the Event of Default.

 

2.
Right of Pledge

 

2.1
The Pledgor pledges all Equities owned thereby in Ganlanren to the Pledgee as the guarantee for the performance of the Guaranteed
Debt by Ganlanren. The Right of Pledge means the right enjoyed by the Pledgee to get paid in priority with the money converted
from the Equities pledged by the Pledgor to the Pledgee or with the payment obtained from the auction or sale of such Equities;
the effect of the Right of Pledge extends to the dividends generated by the Equities during the term hereof.

 

3.
Scope of the pledge guarantee

 

3.1
The scope of the pledge guarantee herein included all Guaranteed Debts, including the Service Fee and interest, liquidated damages,
and compensation payable by Ganlanren to the Pledgee by reason of the Service Agreements, expenses on the realization of creditor’s
rights, losses caused to the Pledgee due to the default by Ganlanren, and all other payable expenses.

 

    	 	2	 

     

    

 

4.
Term and registration of pledge

 

4.1
The Pledge Contract shall take effect as of the date the pledge of the Collateral is recorded in the register of shareholders
of Ganlanren, and the Term of Pledge shall be the same as the term of the Strategic Consulting Service Agreements (if the
term of the Strategic Consulting Service Agreements is extended, the Term of Pledge shall be correspondingly extended).
The Pledgor shall be obligated to cause, within three days upon the date of this Contract, Ganlanren to record the pledge of the
Collateral hereunder in the register of shareholders of Ganlanren.

 

4.2
In case of any change in the recorded particulars which is required, by laws, to be recorded accordingly, the Pledgor and the
Pledgee shall make corresponding change of record within 15 days from the date of the change in recorded particulars.

 

5.
Possession and Management of certificates

 

The
Pledgor shall, within seven days from the date of this Contract, deliver its equity contribution certificate and register of shareholders
in Ganlanren to the Pledgee for safekeeping.

 

6.
Representations and Warranties of the Pledgor

 

6.1
The Pledgor is a lawfully registered shareholder of Ganlanren and has paid in full to Newrand the contribution in proportion to
its share in the registered capital of Newrand pursuant to the requirements of laws of China; the Pledgor has not sold or offered
to sell its Equities in Ganlanren to any other parties.

 

6.2
The Pledgor fully understands the contents of the Service Agreements, executes and performs this Contract of his/her own free
will, and genuinely expresses all his/her intentions. The signature by the authorized representative (if any) has been lawfully
authorized.

 

6.3
All documents, materials, statements, certificates, etc. provided by the Pledgor to the Pledgee are accurate, true, complete and
effective.

 

6.4
Once the Pledgee exercises the Pledgee’s right at any time on the basis of the Right of Pledge obtained pursuant hereto,
it shall be free of the interference from any other parties.

 

6.5
The Pledgee shall have the right to dispose of and transfer the Right of Pledge in such manners as stipulated herein.

 

6.6
The Pledgor has not established any other mortgage, right of interest, security interest or encumbrances of other forms on the
Equities, save and except the pledge to the Pledgee.

 

    	 	3	 

     

    

 

7.
Undertakings of the Pledgor

 

During
the term of this Contract, the Pledgor undertakes to the Pledgee for the benefit of the Pledgee that:

 

7.1.1
Without the prior written consent of the Pledgee, the Pledgor may not transfer the Equities, nor establish or permit the existence
of any pledge that may affect the rights and interests of the Pledgee, nor cause the board of shareholders of Ganlanren to adopt
any resolution on the sale/transfer/pledge or otherwise disposal of the lawful beneficial interest of any equity of such company
or on permission of any other security interest thereon, save and except the transfer pursuant to the Right of First Refusal
and Cooperation Agreement signed by and among the Pledgor, the Pledgee and Ganlanren on June 21, 2017 of Equities
to the Pledgee or institution or person designated thereby or the transfer between the Pledgors, provided that such transfer does
not affect the effect of the pledge (the transferor shall give a prior notice to the Pledgee);

 

7.1.2
He/she shall abide by and implement all provisions of laws and regulations concerning pledge of rights and, within five days after
receiving the notice, instruction or suggestion given or made by related competent authority with respect to the Right of Pledge,
produce the aforesaid notice, instruction or suggestion to the Pledgee, and shall also abide by the aforesaid notice, instruction
or suggestion, or raise any objection or make any representations as reasonably required by the Pledgee or upon the consent of
the Pledgee.

 

7.1.3
He/she will notify the Pledgee in a timely manner of any event or notice that may cause influence on the right of the Pledgor
to the Collateral or any part thereof, and on change by the Pledgor of any warranty and obligation set herein, or any event or
notice that may bring about influences.

 

7.2
The Pledgor agrees that the exercise by the Pledgee of its Right of Pledge pursuant to the provisions hereof shall not be interrupted
or prevented by the Pledgor or by any legal proceedings instituted the successor of the Pledgor or person entrusted thereby or
by any other persons.

 

7.3
The Pledgor warrants to the Pledgee that, in order to protect or perfect the guarantee herein for the payment of Guaranteed Debts,
the Pledgor honestly executes and causes the other parties that have a stake in the Right of Pledge to execute all title deeds
and covenants required by the Pledgee, and/or performs and causes the other interested parties to perform the acts required by
the Pledgee, provides convenience in the exercises of the rights and authorizations vested by this Contract in the Pledgee, signs
all related documents on change of share certificate with the Pledgee or the person (natural person/juridical person) designated
thereby, and provides to the Pledgee within a reasonable period all notices, orders and decisions related to the Right of Pledge
as deemed necessary by the Pledgee. The Pledgor warrants to the Pledgee that, for the benefit of the Pledgee, he/she will abide
by and perform all warranties, undertakings, agreement, representations and conditions. Should the Pledgor fail to perform or
to full perform its warranties, undertakings, agreements, representations and conditions, he/she shall compensate for all losses
sustained by the Pledgee.

 

    	 	4	 

     

    

 

8.
Event of Default

 

8.1
The following shall be deemed as events of default:

 

8.1.1
Ganlanren fails to pay any Guaranteed Debt on schedule in full;

 

8.1.2
Any representation or warranty made by the Pledgor in Article 6 hereof is materially misleading or false, and/or the Pledgor breach
the warranties set forth in Article 6 hereof;

 

8.1.3
The Pledgor breaches the undertakings set forth in Article 7 hereof;

 

8.1.4
The Pledgor breaches any provision hereof;

 

8.1.5
The Pledgor gives up the Collateral or any part thereof or transfers, without he written consent of the Pledgee, the Collateral
or any part thereof (save and except the transfer permitted hereunder);

 

8.1.6
Any loan, guarantee, compensation, undertaking or other debt-repaying liabilities of the Pledgor to others (1) have been required
to be repaid or performed ahead of schedule due to default; or (2) have become due but cannot be repaid or performed on schedule,
which causes the Pledgee to believe that the ability of the Pledgor to perform the obligations hereunder has been adversely affected;

 

8.1.7
The Pledgor is unable to repay other significant debts;

 

8.1.8
The promulgation of related laws makes this Contract illegal or the Pledgor unable to continue the performance of the obligations
hereunder;

 

8.1.9
All consents, permits, approvals, or authorizations of government departments that make this Contract enforceable or legal or
effective are cancelled or discontinued, or lose effect, or undergo material alteration;

 

8.1.10
The Pledgor is deemed by the Pledgee that that the ability of the Pledgor to perform the obligations hereunder has been adversely
affected due to any adverse change in the properties owned by the Pledgor;

 

8.1.11
The successor or managing agent of Ganlanren is only able to perform part of, or refuses to perform, the payment liability under
the Service Agreements;

 

    	 	5	 

     

    

 

8.1.12
The default caused by the act or omission of the Pledgor in contravention of the other provisions hereof; and

 

8.1.13
Other circumstances under which the Pledgee is unable to exercise and dispose of the Right of Pledge according to the provisions
of related laws.

 

8.2
When knowing or discovering the occurrence of any matter mentioned in Article 8.1 hereof or any event that may give rise to the
above-said matters, the Pledgor shall immediately notify the Pledgee in writing.

 

8.3
Unless the events of default set forth in Article 8.1 have been successfully resolved to the satisfaction of the Pledgee, the
Pledgee may, when or at any time after the Event of Default of Pledgor occurs, give a Notice of Default to the Pledgee in writing,
requiring the Pledgor to immediately pay the arrears under all Service Agreements and other payables, or dispose of the Right
of Pledge pursuant to the provisions hereof.

 

9.
Exercise of Right of Pledge

 

9.1
The Pledgor may not, without the written consent of the Pledgee, transfer or dispose of otherwise the Collateral until the Guaranteed
Debts under the Service Agreements have been fully repaid

 

9.2
When exercising the Right of Pledge, the Pledgee shall send a Notice of Default to the Pledgor.

 

9.3
Subject to the provisions of paragraph 8.3, the Pledgee may exercise the right to dispose of the Collateral when or at any time
after sending a Notice of Default pursuant to Article 8.3.

 

9.4
The Pledgee shall have the right to dispose of the Collateral hereunder (including but not limited to conversion such Collateral
into money through consultation with the Pledgor or auction or sale of the Collateral under law), in whole or in part, according
to legal procedures and get repaid in priority until the Guaranteed Debts are fully repaid.

 

9.5
When the Pledgee disposes of the Collateral pursuant hereto, the Pledgor may not pose any obstacle but shall give necessary assistance
so as to cause the Pledgee to realize its Right of Pledge.

 

10.
Transfer

 

10.1
Without the prior consent of the Pledgee, the Pledgor shall have no right to grant or transfer his/her rights and obligations
hereunder.

 

10.2
This Contract shall be binding on the Pledgor and the successors and shall be effective on the Pledgee and each of its successor
and transferee.

 

    	 	6	 

     

    

 

10.3
The Pledgee may transfer all or any of its rights and obligations under the Service Agreements at any time to the person (natural
person/juridical person) designated thereby, in which case the transferee shall enjoy rights and assume obligations enjoyed and
assumed by the Pledgee hereunder, as if such person were a party hereto.

 

10.4
In case of any change of the Pledgee due to such transfer, the new Parties to the pledge shall sign and conclude a new pledge
contract.

 

11.
Termination

 

Upon
Ganlanren ceases to bear any obligation under the Service Agreements and the full repayment of the Guaranteed Debts, this Pledge
Contract terminates and the Pledgee shall, as soon as practicable and reasonable, cancel or rescind this Contract.

 

12.
Handling charge and other expenses

 

12.1.
All expenses and actual expenditures in connection with this Contract, including but not limited to legal cost, cost of production,
stamp tax, and any other taxes and expenses shall be borne by the Pledgor. If the Pledgee shall pay related taxes and charges
according to the provisions of laws, the Pledgor shall give full compensation for the taxes and charges paid by the Pledgee.

 

12.2
Should the Pledgor fail to pay any taxes and charges payable thereby pursuant to the provisions hereof, which causes the Pledgee
to take any approach or method to make recovery, the Pledgor shall bear all expenses arising therefrom (including but not limited
to various taxes and charges, handling charge, management fee, court cost, attorney’s fee and various insurance premiums,
etc. incurred in the disposal of the Right of Pledge).

 

13.
Force Majeure

 

13.1
If the performance of this Contract is delayed or prevented due to any “force majeure event”, the Party affected by
the force majeure does not need to assume any liability hereunder for such delayed or prevented performance. “Force majeure
event” means any event beyond the reasonable control of a Party that is unavoidable even if with the reasonable care of
the affected Party, including but not limited to government act, natural force, fire, explosion, geographic change, wind storm,
flood, earthquake, tide, lightning or war, provided that insufficiency of credit, fund or financing may not be deemed as a matter
beyond the reasonable control of a Party. The Party affected by “force majeure event” and striving to be exempted
from the performance responsibility hereunder or under any provision hereof shall notify the other Party at the earliest time
possible of such exemption from responsibility and shall inform the other Party of the steps to be taken thereby for the performance.

 

    	 	7	 

     

    

 

13.2
The Party affected by force majeure does not need to assume any liability hereunder therefor, provided that the affected Party
shall make its reasonable and feasible efforts to perform the Contract; otherwise, the Party seeking exemption from liability
shall not be entitled to such exemption, and such exemption shall be limited to the delayed or prevented performance. Once the
reasons for such exemption of liabilities are corrected and remedied, the Parties agree to make their best efforts to resume the
performance hereunder.

 

14.
Dispute Resolution

 

14.1
This Contract shall be governed by and interpreted according to the laws of the People’s Republic of China.

 

14.2
If any dispute arises between the Parties hereto with respect to the interpretation and performance of the provisions hereunder,
the Parties shall resolve such dispute with good will through consultation. Should the consultation fail, any Party may submit
the dispute to China International Economic and Trade Arbitration Commission to be arbitrated according to its existing arbitration
rules. The arbitration proceedings shall be conducted in Beijing in Chinese language. The arbitration award shall be final and
binding on the Parties hereto.

 

15.
Notice

 

The
notices given by the Parties hereto for the performance of the rights and obligations hereunder shall be made in writing. The
date on which the notices are effectively given shall be, in the case of personal delivery, the date of actual delivery or, in
the case of transmission by telex or fax, on the date of transmission or, if the transmission is made on a non-business day or
after business hours, on the following consecutive business day. The place for service means the addresses of the Parties written
on the first page hereof or the addresses stated in the notice given subsequently at any time in writing. The phrase “in
writing” includes by fax and telex.

 

16.
Amendment to and Rescission and Interpretation of Contract

 

16.1
This Agreement may be amended, supplemented or rescinded upon the written consents of the Parties and subject to the necessary
authorizations and approvals obtained by the Parties respectively (including the consents that the Pledgee must obtain from the
board of directors of China Finance Online Co., Ltd. and from the audit committee or other independent agencies that is under
the requirements of SOX Act and NASDAQ rules); the annexes, appendixes and any amendment and supplementation hereto shall constitute
an integral part hereof.

 

16.2
The provisions hereof shall be independent of each other in effect and the invalidity of a certain provision does not influence
the effect of the other provisions.

 

17.
Effectiveness and Miscellaneous

 

17.1
This Contract shall take effect upon:

 

(1)
being signed by all Parties; and

 

(2)
The Pledgor records the pledge of Collateral hereunder in the register of shareholders of Ganlanren.

 

17.2
This Contract is written in Chinese and made in duplicate,with each Party holding one copy.

 

In
witness whereof, the Parties hereto have caused their respective signatories to sign this Contract in Beijing on the date first
written above herein.

 

[The
remainder of this page is intentionally left blank]

 

    	 	8	 

     

    

 

[This
page is intentionally left blank for signature]

 

Pledgor:
Zaisi Cui (signature)

 

Pledgee:
Fortune Software (Beijing) Co., Ltd.

 

(seal)

 

Authorized
representative: _______ (signature)

 

 

9Exhibit 4.177

 

Appendix
II Equity Transfer Agreement

 

Equity
Transfer Agreement

 

This
Equity Transfer Agreement (the “Agreement”) is made in Beijing on June 21, 2017 by and between the following transferor
and transferee:

 

Transferor:
Si Wang

 

Address:
F/17, Building A, Fuzhuo Tower, 28 Xuanwumenwai Street, Xuanwu District, Beijing

 

ID:
1101111990009048627

 

Transferee:
Zaisi Cui

 

Address:
F/17, Building A, Fuzhuo Tower, 28 Xuanwumenwai Street, Xuanwu District, Beijing

 

ID:
110223198101222743

 

WHEREAS:

 

		1.	Shenzhen
                                         Ganlanren Investment Management Co., Ltd. (the “Target Company”) is a limited
                                         liability company incorporated and validly existing under the laws of the People’s
                                         Republic of China. Registered capital of the Target Company is RMB10,000,000.

 

		2.	The
                                         Transferor and Xiaoqiao Sun are the shareholders of the Target Company. The Transferor
                                         holds 10% of equity in the Target Company, and Xiaoqiao Sun holds 90%. The Transferor
                                         and Xiaoqiao Sun have fully paid its capital contribution in accordance with the laws
                                         and regulations.

 

		3.	The
                                         Transferor intends to assign all its 10% of equity in the Target Company to the Transferee.

 

Therefore,
the Transferor and the Transferee have reached the following agreement through equal consultation:

 

Article
1  Subject of transfer

 

1.1
Under terms and conditions hereof, the Transferor agrees to assign to the Transferee, and the Transferee agrees to accept from
the Transferor the equity held by the Transferor in the Target Company and represented by the registered capital of RMB7,069.347
the Transferor has fully paid (10% of total registered capital of the Target Company), and all rights and interests attached thereto
(the “Shareholder’s equity”).

 

     

     

    

 

Article
2  Consideration for
transfer and payment

 

2.1
Consideration for transfer: the Transferee shall pay RMB7,069.347 to the account designated by the Transferor (the “Consideration
for Transfer”) in the consideration of the Transferor transferring the shareholder’s equity to the Transferee hereunder.

 

2.2
Payment date: the Transferee shall fully pay the consideration for transfer within 30 days upon the effectiveness of this Agreement.

 

Article
3  Closing of equity

 

3.1
For the purpose of this agreement, the term “completion date of equity transfer” shall mean the date on which change
in equity of the Target Company is registered with the commercial & industrial authority (the “Completion Date”).As
of the completion date, the Transferee shall undertake all rights and obligations of the Transferor to the Target Company covered
by the assigned equity.

 

3.2
The Parties shall take all necessary acts to assist the Transferee and the Target Company in performing all necessary procedures
for equity transfer until the completion date.

 

3.3
The Parties shall bear their own fees, taxes and duties incurred in connection with the equity transfer in accordance with the
laws.

 

Article
4  Representations
and warranty:

 

4.1
The Transferor hereby unconditionally and irrevocably represents and warrants to the Transferee as follows:

 

4.1.1
The Transferor is the legitimate and actual owner of the shareholder’s equity. The equity is free from any lien, pledge,
claim, and any other security interest and any third-party right, and it is not bound by any prior right of shareholder (including
but not limited to preemptive right or first refusal right).The Transferee will not be recovered by any third party upon its acceptance
of the shareholder’s equity.

 

4.1.2
The Target Company is a limited company legally incorporated and validly existing under the laws of the PRC. Transfer of equity
hereunder will not violate the articles of association of the Target Company.

 

4.1.3
Execution hereof and completion of transaction contemplated hereunder will neither cause the Transferor to violate, cancel or
terminate any agreement it has entered into, nor constitute any event of breach under any agreement, undertaking or any other
formal document.

 

4.1.4
Representations and warranties made by the Transferor hereunder, and expressions in connection with this transfer are true, accurate
and complete and contain no any concealed or misleading information as of the date of this agreement.

 

4.2
The Transferee hereby unconditionally and irrevocably represents and warrants to the Transferor as follows:

 

4.2.2
Execution hereof and completion of transaction contemplated hereunder will neither cause the Transferee to violate, cancel or
terminate any agreement it has entered into, nor constitute any event of breach under any agreement, undertaking or any other
formal document;

 

    	 	2	 

     

    

 

4.2.2
Representations and warranties made by the Transferee hereunder, and expressions in connection with this transfer are true, accurate
and complete and without any concealed or misleading information as of the date of this agreement.

 

Article
5  Notice

 

5.1
Any notice, request, demand and any other correspondence under or in connection with this agreement shall be made in writing.
Any notice hereunder shall be sent by person, prepaid registered air, recognized express service provider or fax to address and/or
number of each Party. Any such notice shall be deemed to be delivered as follows: (1) the date of delivery if such notice is given
by person; (2) the seventh (7th) day after the date of deposit (stamp date) if such notice is sent by prepaid registered air;
(3) the third (3rd) day after such notice is delivered to the recognized express provider if such notice is sent by express; and
(4) the first working day after such notice is sent by fax.

 

Article
6  Liability for breach
of contract

 

6.1
After this agreement is signed, if either Party violates or fails to perform any obligation hereunder, such Party shall bear liability
for breach and shall be liable for any and all consequential economic losses of the other Party.

 

Article
7  Governing law

 

7.1
The conclusion, effects, interpretation and performance of this agreement and any dispute arising out of this agreement shall
be governed by Chinese law.

 

7.2
If any provision of this agreement is held to be invalid or unenforceable under the relevant current laws and regulations, and
such invalidity or unenforceability of such provision does not affect the remaining provisions hereof, the rest of provisions
hereof shall remain be performed, and the Parties shall adjust such invalid or unenforceable provision under the relevant current
laws and regulations so that such provision becomes valid provision and complies with principles and spirit reflected herein as
far as possible.

 

Article
8  Coming into force,
and settlement of dispute

 

8.1
This agreement shall become effective as of the signing date.

 

8.2
Any dispute between the Parties in connection with interpretation or performance of the relevant provision hereof shall be settled
through friendly negotiations. If no written agreement is reached through negotiations, such dispute shall be submitted for arbitration
hereunder, and the arbitration shall be final and exclusive. Unless expressly stated herein, either Party hereby expressly waives
its right to bring any such dispute to court, and such waiver shall be irrevocable.

 

8.3
Any such dispute shall be submitted to China International Economical and Trade Arbitration Commission (the “Commission”)
for arbitration in Beijing. Arbitration shall be performed under the arbitration rules then in force. Unless otherwise specified
in the arbitration award, the losing party shall bear arbitration costs (including reasonable attorney fee and expenses).

 

    	 	3	 

     

    

 

Article
9  Supplementary provisions

 

9.1
Either Party’s failure to exercise or delay in exercising any right hereunder shall not be deemed as waiver of such right,
and single or partial exercise of any right shall not influence exercise of such right in future.

 

9.2
Headings of provisions hereof are inserted for reference, and such headings in no event shall be used for or influence interpretation
of provisions hereof.

 

9.3
Each Party hereto enters into this agreement for legal purpose. Any provision hereof is serviceable and separate from any other
provision hereof. In the event that one or more provisions hereof is or are invalid, unlawful or unenforceable at any time, validity,
legality or enforceability of the remaining provisions hereof shall not be consequentially influenced, and each Party shall do
its utmost efforts to enter into a new provision to replace such invalid, unlawful or unenforceable provision to achieve the same
commercial purpose of the original provision to the maximum extent.

 

9.4
This agreement shall be binding upon legal successor of each Party.

 

9.5
Any matter not mentioned herein shall be subject to negotiations between the Parties. Supplementary agreement shall be made in
writing, and shall not be effective until it is signed and acknowledged by the Parties.

 

9.6
This agreement is made in quadruplicate, with each Party holding one copy, and the remaining two copies for performing the relevant
legal procedures. Each copy shall have the same legal effects. (Intentionally left blank below)

 

    	 	4	 

     

    

 

(Signature
page)

 

This
Agreement was executed by each party in Beijing on the date first above written.

 

Transferor:   
Si Wang

 

_______________
(Seal)

 

    	 	5	 

     

    

 

(Signature
page)

 

This
Agreement was executed by each party in Beijing on the date first above written.

 

Transferee:   Zaisi Cui

 

_______________
(Seal)

 

 

6

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