Document:

EX-4.53

   

  Exhibit 4.53

   

  THE SYMBOL “[*]” DENOTES PLACES WHERE CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL, AND (II) IS THE TYPE THAT THE COMPANY TREATS AS PRIVATE OR CONFIDENTIAL

   

  VOTING AGREEMENT

  by and among

  UXIN LIMITED

  MR. KUN DAI

  XIN GAO GROUP LIMITED

  ASTRAL SUCCESS LIMITED

  ABUNDANT GRACE INVESTMENT LIMITED

  and

  ABUNDANT GLORY INVESTMENT L.P.

   

   

  Dated July 27, 2022

   

   

   

   

  			
	 
	 
	 

   

  

   

  TABLE OF CONTENTS

  Page

  			
	Article I DEFINITIONS and interpretation
	2

	Section 1.01
	Definitions.
	2

	Section 1.02
	Interpretation.
	6

	Article II Corporate Governance.
	7

	Section 2.01
	Board of Director.
	7

	Section 2.02
	Removal and Replacement of Directors.
	9

	Section 2.03
	Investor Agreements.
	10

	Section 2.04
	Board Approval Matters.
	10

	Article III PRINCIPAL LOCK-UP.
	10

	Section 3.01
	Principal Lock-up.
	10

	Section 3.02
	Permitted Transfers.
	11

	Article IV ConfidentialitY
	11

	Section 4.01
	General Obligations.
	11

	Section 4.02
	Exceptions.
	11

	Section 4.03
	Press Release.
	12

	Section 4.04
	Overriding Provision.
	12

	Article V Representation and Warranties
	12

	Section 5.01
	Existence.
	12

	Section 5.02
	Capacity.
	12

	Section 5.03
	Authorization And Enforceability.
	13

	Section 5.04
	Non-Contravention.
	13

	Article VI termination
	13

	Section 6.01
	General.
	13

	Section 6.02
	Termination with Respect to a Shareholder.
	13

	Section 6.03
	[Reserved].
	13

   

   

  			
	 
	-i-
	 

   

  

   

  			
	Section 6.04
	Survival.
	13

	Article VII Miscellaneous.
	13

	Section 7.01
	Notices.
	13

	Section 7.02
	Further Assurances.
	15

	Section 7.03
	Assignments and Transfers.
	15

	Section 7.04
	Rights Cumulative; Specific Performance.
	15

	Section 7.05
	Amendment.
	15

	Section 7.06
	Waiver.
	15

	Section 7.07
	No Presumption.
	16

	Section 7.08
	Severability.
	16

	Section 7.09
	Entire Agreement.
	16

	Section 7.10
	Counterparts.
	16

	Section 7.11
	Descriptive Headings; Construction.
	16

	Section 7.12
	Control.
	16

	Section 7.13
	Adjustments for Share Splits, Etc.
	17

	Section 7.14
	Use of English Language.
	17

	Section 7.15
	Governing Law.
	17

	Section 7.16
	Dispute Resolution.
	17

	Section 7.17
	Deed of Adherence.
	18

  SCHEDULES

   

  SCHEDULE A	Board Approval Matters

   

  SCHEDULE B	Adverse Persons

   

  SCHEDULE C	Deed of Adherence

   

   

   

   

  			
	 
	-ii-
	 

   

  

   

  VOTING AGREEMENT 

   

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  THIS VOTING AGREEMENT (this “Agreement”) is entered into on July 27, 2022 by and among:

  1.	Uxin Limited, an exempted company organized under the Laws of the Cayman Islands (the “Company”),

  2.	Mr. Kun Dai (戴琨) (PRC identity card no. [*]) (the “Principal”), 

  3.	Xin Gao Group Limited, a company organized under the Laws of the British Virgin Islands (“Xin Gao” or the “Principal Holding Company”, collectively with the Principal, the “Principal Parties”, and each a “Principal Party”), 

  4.	Astral Success Limited, a company limited by shares incorporated under the Laws of the British Virgin Islands (together with its successors, assignees, transferees and Affiliates, “Joy Capital”),

  5.	Abundant Grace Investment Limited, a company limited by shares incorporated under the Laws of British Virgin Islands (together with its successors, assignees, transferees and Affiliates, “NIO Grace”),

  6	Abundant Glory Investment L.P., a limited partnership formed under the Laws of British Virgin Islands (together with its successors, assignees, transferees and Affiliates, “NIO Glory”, together NIO Grace, “NIO Capital”; NIO Capital and Joy Capital, the “Investors” and each an “Investor”).

  Each of the parties to this Agreement is referred to herein individually as a “Party” and collectively as the “Parties”.

  RECITALS

  A	The Company, Joy Capital and NIO Grace entered into a Share Subscription Agreement dated June 14, 2021 (as supplemented and amended fom time to time, the “2021 Subscription Agreement”).

  B	In connection with the 2021 Subscription Agreement, the Company, Joy Capital, NIO Grace, the Principal Parties, Redrock Holding Investments Limited (the “WP”), TPG Growth III SF Pte. Ltd. (“TPG”) and 58.com Holdings Inc. (“58”, together with WP and TPG, the “Major Noteholders” and each a “Major Noteholder”) have entered into a Voting Agreement, dated July 12, 2021 (as may be supplemented and amended fom time to time, the “2021 Voting Agreement”).

  C	The Company and NIO Grace have entered into that certain Share Subscription Agreement, dated June 30, 2022 (as may be supplemented and amended fom time to time, the “Subscription Agreement”), pursuant to which, among other things, each Investor thereto, severally but not jointly, has agreed to purchase certain Senior Preferred Shares from the Company.

  D	On July 18, 2022, 58 surrendered its 2019 Note in exchange for the allotment and issuance of 183,495,146 Class A ordinary shares of par value US$0.0001 each at a conversion price of US$ 0.3433 per share (equivalent to US$1.03 per ADS) in the capital of the Company (the “Converted Shares”), and after the issuance and allotment of the Converted Shares by the Company on July 18, 2022, all the Company’s obligations to 58 under its 2019 Note has been fully satisfied and discharged. Accordingly, the aggregate outstanding principal amount of the 2019 Notes held by the Major Noteholders as of July 18, 2022 is less than 50% of the aggregate principal 

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  amount of the 2019 Notes they hold immediately following the Restructuring Effective Time, and therefore, the Major Noteholders are no longer eligible to nominate a director pursuant to the 2021 Voting Agreement.

  E	The Subscription Agreement provides that the execution and delivery of this Agreement shall be a condition precedent to the consummation of the transactions contemplated under the Subscription Agreement.

  F	The Parties desire to enter into this Agreement to regulate their relationship with each other and certain aspects of the affairs, and their dealings, with the Company.

  WITNESSETH

  NOW, THEREFORE, in consideration of the foregoing recitals, the mutual promises hereinafter set forth, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties intending to be legally bound hereto hereby agree as follows:

  Article I
DEFINITIONS and interpretation

  Section 1.01	Definitions.  Unless the context otherwise requires, the following terms shall have the meanings ascribed to them below:

  “ADSs” means the American Depositary Shares of the Company, each representing three (3) Class A Ordinary Shares. 

  “Adverse Person” means any Person identified in SCHEDULE B hereto, any additional Persons to be mutually agreed in writing by the Company and the Investors from time to time, and any controlled Affiliates of any of the foregoing.

  “Affiliate” has the meaning given to such term in the Subscription Agreement.

  “Agreement” has the meaning assigned to such term in the preamble.

  “Annual Budget” means an annual budget in respect of a fiscal year of the Group, setting forth, among other things, the projected balance sheets, income statements and statements of cash flows for such period; the projected budget for operation of each major business segment; any dividend or distribution to be declared or paid; the projected incurrence, assumption or refinancing of indebtedness; projected revenue and profit during such period; any proposed merger, consolidation, reorganization, or amalgamation of any Group Member with or into any other Person, or any scheme of arrangement or other business combination with or into any other Person; and payments projected to be made not in the ordinary course of business of the Group.

  “Applicable Laws”, “Law” or “Laws” means, with respect to any Person, any transnational, domestic or foreign federal, national, state, provincial, local or municipal law (statutory, common or otherwise), constitution, treaty, convention, ordinance, code, rule, regulation, executive order, injunction, judgment, decree, ruling or other similar requirement enacted, adopted, promulgated or applied by a Governmental Entity that is binding upon or applicable to such Person or any of such Person’s assets, rights or properties.

  “Beneficial Owner” has the meaning given such term in Rule 13d-3 under the Exchange Act, provided that Beneficial Ownership under Rule 13d-3(1)(i) shall be determined based on whether a Person has a right to acquire Beneficial Ownership irrespective of whether such right is exercisable within 60 days of the time of determination, and “Beneficially Own”, “Beneficially Owned” and “Beneficial Ownership” have meanings correlative to that of 

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  Beneficial Owner.

  “Board” means the board of directors of the Company.

  “Certificate of Designation” means the Amended and Restated Certificate of Designation of Senior Convertible Preferred Shares dated as of the date hereof approved and adopted by the Board, as may be supplemented, amended or restated from time to time.

  “Charter Documents” means, with respect to any Person that is not a natural person, such Person’s articles of incorporation, certificate of incorporation, by-laws, memorandum of associations, articles of association and other similar organizational documents.  Unless the context otherwise requires, any reference to “Charter Documents” refers to the Charter Documents of the Company.

  “Class A Ordinary Shares” means the Company’s Class A ordinary shares, par value $0.0001 per share. 

  “Class B Ordinary Shares” means the Company’s Class B ordinary shares, par value $0.0001 per share.

  “Company” has the meaning assigned to such term in the preamble.

  “Confidential Information” has the meaning assigned to such term in Section 4.01.

  “Control” of a given Person means the power or authority, whether exercised or not, to direct the business, management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; provided, that such power or authority shall conclusively be presumed to exist upon possession of Beneficial Ownership or power to direct the vote of more than fifty percent (50%) of the votes entitled to be cast at a meeting of the members or shareholders of such Person or power to control the composition of a majority of the board of directors of such Person.  The terms “Controlled” and “Controlling” have meanings correlative to the foregoing.

  “Conversion Shares” means Class A Ordinary Shares issued or issuable upon conversion of the Senior Preferred Shares. 

  “Director” means a director serving on the Board.

  “Equity Securities” means, with respect to any Person that is a legal entity, any and all shares of capital stock, membership interests, units, depositary shares, profits interests, ownership interests, equity interests, registered capital, and other equity securities or ownership interests of such Person, and any right, warrant, option, call, commitment, conversion privilege, preemptive right or other right to acquire any of the foregoing, or security convertible into, exchangeable or exercisable for any of the foregoing. Unless the context otherwise requires, any reference to “Equity Securities” refers to the Equity Securities of the Company.

  “Encumbrance” means any mortgage, lien, pledge, charge, security interest, title defect, right of first refusal, claim, easement, right-of-way, option, preemptive or similar right or other restriction of any kind or nature. 

  “Existing Share Incentive Scheme” means the Company’s 2018 Second Amended and Restated Share Incentive Plan. 

  “Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended, and any rules and regulations promulgated thereunder.

  “Governmental Entity” means any transnational or supranational, domestic or foreign federal, national, state, provincial, local or municipal governmental, regulatory, judicial or administrative authority, department, court, arbitral body, agency or official, including any 

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  department, commission, board, agency, bureau, subdivision or instrumentality thereof. 

  “Group” means the Company and its direct and indirect Subsidiaries, and “Group Member” means any of them.

  “Hong Kong” means the Hong Kong Special Administrative Region of the People’s Republic of China.

  “Investor” has the meaning assigned to such term in the preamble.

  “Investor Director” has the meaning assigned to such term in Section 2.01(i)(b).

  “Investors’ Rights Agreement” means the Amended and Restated Investors’ Rights Agreement entered into by and among the Company, the Principal Parties and Investors dated as the date hereof, as may be supplemented, amended or restated from time to time.

  “Joy Capital” has the meaning assigned to such term in the preamble.

  “Joy Director” has the meaning assigned to such term in Section 2.01(i)(a).

  “Major Noteholder” has the meaning assigned to such term in the recitals.

  “Memorandum and Articles” means the amended and restated memorandum and articles of association of the Company currently in effect, as may be amended or restated from time to time.

  “NASDAQ” means the NASDAQ Global Select Market.

  “New Securities” means any Equity Securities issued and allotted by the Company on or after the date of this Agreement. “New Securities” shall not include, the following allotments and issuances of Equity Securities: (i) options, grants, awards, restricted shares or any other Ordinary Shares or Ordinary Share Equivalents issued under the Existing Share Incentive Scheme or any other employee share incentive scheme(s) approved pursuant to Section 2.04 (collectively, “Company Options”), and Equity Securities upon the exercise or conversion of any Company Options; (ii) Ordinary Shares issued upon the termination of the Company’s American Depositary Receipts program or the termination, cancelation or exchange of any ADSs by the holders thereof; (iii) Senior Preferred Shares issued pursuant to the Subscription Agreement and the 2021 Subscription Agreement and upon exercise of the Warrants; (iv) Conversion Shares issued upon conversion of Senior Preferred Shares; (v) Equity Securities of the Company issued in connection with any share split, share dividend, reclassification or other similar event that has been approved in accordance with Section 2.04; and other than to the extent covered above in (i) and (ii), Ordinary Shares or ADSs issued upon the conversion or exercise of any Ordinary Share Equivalents outstanding as of the date of this Agreement or issued subsequent to the date of this Agreement in compliance with the participation rights (in each case, pursuant to the terms of the relevant Ordinary Share Equivalents as unmodified).

  “NIO Competitor” means [*].

  “NIO Grace”, “NIO Glory” or “NIO Capital” has the meaning assigned to such term in the preamble.

  “Ordinary Share Equivalents” means (a) any rights, options or warrants to acquire Ordinary Shares and (b) any depositary shares (including, without limitation, the ADSs), notes, debentures, preference shares or other Equity Securities or rights, which are ultimately convertible or exercisable into, or exchangeable for, Ordinary Shares.

  “Ordinary Shares” means Class A Ordinary Shares and Class B Ordinary Shares.

  “Party” has the meaning assigned to such term in the preamble.

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  “Permitted Transferee” has the meaning assigned to such term in Section 3.02(ii).

  “Person” means an individual, corporation, partnership, limited liability company, association, trust or other entity or organization, including a Governmental Entity.

  “PRC” means the People’s Republic of China.

  “Principal” has the meaning assigned to such term in the preamble.

  “Principal Holding Company” or “Principal Party” has the meaning assigned to such term in the preamble.

  “Principal Lock-up Period” means the period commencing on the date hereof and continuing until June 30, 2025.

  “Quarter Budget” means a budget in respect of a quarter of the Group, setting forth, among other things, the projected budget for operation of each major business segment and payments projected to be made in connection thereto, including without limitation transactions set forth in paragraphs 14 to 18 of of SCHEDULE A hereto.

  “Replacement Director” has the meaning assigned to such term in Section 2.02(ii).

  “Representatives” means, with respect to any Person, the directors, officers, legal representatives, employees, counsel, accountants, agents, consultants, advisors and other representatives of such Person and its Subsidiaries and any other Person acting on behalf of the foregoing.

  “Related Party” means (i) any shareholder of the Company or any Subsidiary, (ii) any director of the Company or any Subsidiary, (iii) any officer of the Company or any Subsidiary, (iv) any employee of the Company or any Subsidiary, (v) any Relative of a shareholder, director, officer or employee of the Company or any Subsidiary, (vi) any Person in which any shareholder or any director or officer of the Company or any Subsidiary has any interest, other than a passive shareholding of less than 5% in a publicly listed company, and (vii) any other Affiliate of the Company or any Subsidiary. 

  “Relative” of a natural person means the spouse of such person and any parent, grandparent, child, grandchild, sibling, cousin, in-law, uncle, aunt, nephew or niece of such person or spouse.

  “Restructuring Effective Time” has the meaning given to the term “Effective Time” in the Supplementary Agreeement.

  “Senior Preferred Shares” means the senior convertible preferred shares of the Company with such preference, priority, special privilege and other rights provided in the Certificate of Designation . 

  “Shares” means Ordinary Shares and Senior Preferred Shares.

  “Shareholders” means the shareholders of the Company.

  “Subsidiary” means any entity of which a majority of the outstanding equity securities or other ownership interests representing a majority of the outstanding equity interests or otherwise having ordinary voting power to elect a majority of the board of directors or other Persons performing similar functions are at the time directly or indirectly owned or Controlled by the Company, and includes any entity which is directly or indirectly Controlled by the Company (including, for the avoidance of doubt, any variable interest entities that are consolidated into the financial statements of the Company).

  “Subscription Agreement” has the meaning set forth in the recitals.

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  “Supplementary Agreement” means the supplementary agreement dated June 17, 2021 which amends and supplements the 2019 Notes and is entered into between the Company, the Principal and the original purchasers of the 2019 Notes. 

  “Transaction Documents” has the meaning set forth in the Subscription Agreement. 

  “Transfer” (or any correlative term) means, in respect of any Equity Securities, a direct or indirect sale, assignment, pledge, charge, mortgage, hypothecation, gift, placement in trust (voting or otherwise) or transfer by operation of Law of such Equity Securities (including through the Transfer of shares or ownership interest in any person that directly or indirectly Controls any person that holds such Equity Securities), or the creation of a security interest in, or lien on, or any other Encumbrance or disposal (directly or indirectly and whether or not voluntary) on such Equity Securities, and shall include any transfer by will or intestate succession or entry into any swap or other derivatives transaction that transfers to any person, in whole or in part, any of the economic benefits or risks of ownership of such Equity Securities, whether any such transaction is to be settled by delivery of such Equity Securities or other Equity Securities, in cash or otherwise.

  “U.S.” means the United States of America.

  “U.S. GAAP” means the generally accepted accounting principles as applied in the United States.

  “Warrants” means, collectively, the warrant to purchase certain Senior Preferred Shares delivered to Joy Capital dated July 12, 2021 and the warrants to purchase certain Senior Preferred Shares delivered to NIO Grace and NIO Glory respectively dated November 15, 2021, each as may be supplemented, amended or restated from time to time.

  “2019 Notes” means the convertible notes originally in the aggregate principal amount of $230,000,000 issued by the Company pursuant to the Convertible Note Purchase Agreement dated May 29, 2019 entered into by and among the Company, Redrock Holding Investments Limited, TPG Growth III SF Pte. Ltd., 58.com Holdings Inc. and certain other parties, as may be supplemented, amended, restated, assigned and/or transferred from time to time (including as supplemented and amended by the Supplementary Agreement).

  “2021 Subscription Agreement” has the meaning set forth in the recitals.

  “2021 Transaction Documents” means the “Transaction Documents” set forth in the 2021 Subscription Agreement, provided that, to the extent any 2021 Transaction Document is supplemented, amended or restated, it shall be referred to such 2021 Transaction Document as supplemented, amended or restated. 

  “2021 Voting Agreement” has the meaning set forth in the recitals.

  Section 1.02	Interpretation.    For all purposes of this Agreement, except as otherwise expressly herein provided, (i) the terms defined in this Article I shall have the meanings assigned to them in this Article I and include the plural as well as the singular, (ii) all accounting terms not otherwise defined herein have the meanings assigned under U.S. GAAP, (iii) all references in this Agreement to designated “Sections” and other subdivisions are to the designated Sections and other subdivisions of the body of this Agreement, (iv) pronouns of either gender or neuter shall include, as appropriate, the other pronoun forms, (v) the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular Section or other subdivision, (vi) references to this Agreement and any other document shall be construed as references to such document as the same may be amended, supplemented or novated from time to time, (vii) the term “including” will be deemed to be followed by “, but not limited to,” (viii) the terms “shall,” 

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  “will,” and “agrees” are mandatory, and the term “may” is permissive, (ix) the phrase “directly or indirectly” means directly, or indirectly through one or more intermediate Persons or through contractual or other arrangements, and “direct or indirect” has the correlative meaning, (x) the term “voting power” refers to the number of votes attributable to the Ordinary Shares in accordance with the terms of the Memorandum and Articles, (xi) the headings used in this Agreement are used for convenience only and are not to be considered in construing or interpreting this Agreement, (xii) references to Laws include any such Law modifying, re‐enacting, extending or made pursuant to the same or which is modified, re‐enacted, or extended by the same or pursuant to which the same is made, and (xiii) all references to dollars or to “$” are to currency of the United States of America and all references to RMB are to currency of the PRC (and each shall be deemed to include reference to the equivalent amount in other currencies).

  Article II
Corporate Governance.

  Section 2.01	Board of Director. 

  (i)	The Board shall consist of six (6) Directors, or such other number of Directors as approved by the Board (including the affirmative consent of Investor Directors), including the following:

  (a)	one (1) Director nominated by Joy Capital and/or any of its Affiliate who holds any Share in the Company (the “Joy Director”), as long as Joy Capital and/or its Affiliates hold no less than 72,822,604 Senior Preferred Shares (subject to appropriate adjustment for share splits, share dividends, combinations and other recapitalizations, including the Senior Preferred Shares it acquired pursuant to the 2021 Subscription Agreement and/or the Subscription Agreement and/or upon the exercise of the Warrants, and any Class A Ordinary Shares and/or ADSs (taking into account the ratio between Ordinary Share and ADS) converted from such Senior Preferred Shares);

  (b)	one (1) Director nominated by NIO Capital and/or any of its Affiliate who holds any Share in the Company (collectively with the Joy Director, the “Investor Directors” and each an “Investor Director”), as long as NIO Capital and its Affiliates hold no less than 72,822,604 Senior Preferred Shares (subject to appropriate adjustment for share splits, share dividends, combinations and other recapitalizations, including the Senior Preferred Shares it acquired pursuant to the 2021 Subscription Agreement and/or the Subscription Agreement and/or upon the exercise of the Warrants, and any Class A Ordinary Shares and/or ADSs (taking into account the ratio between Ordinary Share and ADS) converted from such Senior Preferred Shares);

  (c)	[reserved.]

  (d)	one (1) Director nominated by the Principal, who shall be the chairman of the Board, as long as the Principal beneficially owns Shares representing no less than 10% voting right of the Equity Securities of the Company; 

  (e)	two (2) independent Directors jointly nominated by the Investors, who shall both (x) meet the independence requirements of NASDAQ and (y) not be Affiliated with, or employed by, any Adverse Person; and

  (f)	one (1) independent Director nominated (x) by the Principal for so long as the Principal beneficially owns Shares representing no less than 10% voting right of the Equity Securities of the Company, or (y) by the Board, if the Principal beneficially owns 

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  Shares representing less than 10% voting right of the Equity Securities of the Company, who shall, in each case, (A) meet the independence requirements of NASDAQ and (B) not be Affiliated with, or employed by, any Adverse Person, 

  provided that, for the avoidance of doubt, (1) if the number of Senior Preferred Shares (including the Senior Preferred Shares it acquired pursuant to the 2021 Subscription Agreement and/or the Subscription Agreement and/or upon the exercise of the Warrants, and any Class A Ordinary Shares and/or ADSs (taking into account the ratio between Ordinary Share and ADS) converted from such Senior Preferred Shares) beneficially owned by Joy Capital and its Affiliates is less than 72,822,604 Senior Preferred Shares (subject to appropriate adjustment for share splits, share dividends, combinations and other recapitalizations), Joy Capital and/or its Affiliates shall immediately cease to have the right to nominate one (1) Director pursuant to Section 2.01(i)(a), (2) if the number of Senior Preferred Shares (including the Senior Preferred Shares it acquired pursuant to the 2021 Subscription Agreement and/or the Subscription Agreement and/or upon the exercise of the Warrants, and any Class A Ordinary Shares and/or ADSs (taking into account the ratio between Ordinary Share and ADS) converted from such Senior Preferred Shares) beneficially owned by NIO Capital and its Affiliates is less than 72,822,604 Senior Preferred Shares (subject to appropriate adjustment for share splits, share dividends, combinations and other recapitalizations), NIO Capital and/or its Affiliates shall immediately cease to have the right to nominate one (1) Director pursuant to Section 2.01(i)(b), (3) [reserved], (4) if the Principal beneficially owns Shares representing less than 10% voting right of the Equity Securities of the Company, the Principal shall immediately cease to have the right to nominate one (1) Director pursuant to Section 2.01(i)(d), and (5) if the Principal Shares representing less than 10% voting right of the Equity Securities of the Company, the Principal shall immediately cease to have the right to nominate one (1) independent Director pursuant to Section 2.01(i)(f), and in the case of each of (4) and (5), the Principal shall cause such Director nominated by him to immediately resign from the Board, and if applicable, the board of directors of each Subsidiary of the Company. 

  (ii)	Each of the Parties other than the Company agrees that (a) he or it shall, to the extent in compliance with Applicable Laws, cause the Director(s) nominated by him or it to vote at any meeting of the Board or execute any written resolution or consent of Directors and take all other necessary actions in order to ensure that the composition of the Board is as set forth in this Section 2.01; and (b) it shall vote (and, in the case of any Principal Party, cause any Affiliate Controlled by such Principal Party to vote) all of his or its Equity Securities of the Company at any general meeting of Shareholders or execute any written resolution or consent of Shareholders or proxy and take all other necessary actions, in order to ensure that the composition of the Board is as set forth in this Section 2.01. The Company further agrees to take any and all necessary actions within its control in order to ensure that the composition of the Board is as set forth in this Section 2.01.

  (iii)	The Parties further ackolwlege that, for the avoidance of doubt, (a) the Senior Preferred Shares issued pursuant to the 2021 Subscription Agreement and upon exercise of the Warrants and the Senior Preferred Shares issued pursuant to the Subscription Agreement are of the same series and class of senior convertible preferred share of the Company, having the preference, priority, special privilege and other rights provided in the Certificate of Designation, (b) accordingly, all Senior Preferred Shares held or acquired by any Investor and/or its Affiliates shall be aggregated together for the purpose of determining the availability of any rights of such Investor and/or its Affiliates under the 2021 Voting Agreement (including without limitation the right to nominate the Investor Directors under section 2.01(i)(a) and section 2.01(i)(b) of the 2021 Voting Agreement, as such sections may be amended or renumbered) and this Agreement (including without limitation the right to nominate the 

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  Investor Directors under Section 2.01(i)(a) and Section 2.01(i)(b)), (c) the Investors’ and/or the Principal’s respective right to severally and/or jointly nominate certain Directors pursuant to Section 2.01 of the 2021 Voting Agreement shall not be duplicative with such rights under this Section 2.01.

  Section 2.02	Removal and Replacement of Directors. 

  (i)	Notwithstanding anything to the contrary provided in the Memorandum and Articles, the Person(s) entitled to nominate a Director under Section 2.01(i) shall have the right to remove such Director nominated by it or them. Each of the Parties other than the Company shall vote its Equity Securities of the Company at any general meeting of Shareholders or execute any written consent or resolution of Shareholders or proxy and take all other necessary action so as to effectuate the foregoing removal rights. Each Party other than the Company agrees that, if at any time it is then entitled to vote for or execute any written consent or resolution of Shareholders or proxy for the removal of Directors from the Board, it shall not vote any of its Equity Securities of the Company or execute proxies or written consents, as the case may be, in favor of the removal of any Director who shall have been nominated pursuant to Section 2.01, unless the Person or Persons entitled to nominate such Director pursuant to Section 2.01 shall have consented to such removal in writing. 

  (ii)	If, as a result of death, disability, retirement, resignation or removal pursuant to Section 2.01(ii) of a Director by the Person(s) entitled under Section 2.01(i) to nominate such Director, the Person(s) entitled under Section 2.01(i) to nominate the Director whose death, disability, retirement, resignation or removal resulted in such vacancy shall have the absolute and exclusive right to nominate another individual (each such another individual, the “Replacement Director”) to serve in place of such Director. Each of the Parties other than the Company agrees that (i) he or it shall, to the extent in compliance with Applicable Laws, cause the Director(s) nominated by him or it to vote at any meeting of the Board or execute any written resolution or consent of Directors and take all other necessary actions in order to elect the Replacement Director to serve as a Director to fill such vacancy; and (ii) he or it shall vote (and, in the case of any Principal Party, cause any Affiliate Controlled by such Principal Party to vote) all of his or its Equity Securities of the Company at any general meeting of Shareholders or execute any written resolution or consent of Shareholders or proxy and take all other necessary action, in order to elect the Replacement Director to serve as a Director to fill such vacancy. The Company further agrees to take any and all necessary actions within its control in order to ensure the election of the Replacement Director to serve as a Director as set forth in this Section 2.02.

  (iii)	Prior to his or her appointment as a replacement Investor Director, any individual nominated by the Investors and/or its Affiliates after the date of this Agreement to serve on the Board pursuant to this Section 2.02 shall first provide to the Company and the Board a duly executed and appropriately responsive customary “D&O Questionnaire.” 

  (iv)	So long as an Investor Director is then serving on the Board, the Company shall, upon the reasonable request of the Investors and/or its Affiliates, designate and appoint the Investor Director to each committee of the Board so requested by the Investors and/or its Affiliates, subject always to (a) any restriction on such Investor Director (or any nominee of the Investors and/or their Affiliates) from serving on such committee, (b) the satisfaction of any qualifications (including “independence”) required of such Investor Director to serve on such committee, in each case, as may be imposed or promulgated under Applicable Laws (including limitations under the Sarbanes–Oxley Act of 2002, as amended) and the rules and regulations of any securities exchange where the Company’s Equity Securities are then listed.

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  (v)	The Company shall maintain customary D&O insurance for all members of the Board. The Company shall procure, to the extent permitted by Applicable Law, that any Investor Director shall enjoy the same indemnification rights and D&O insurance coverage as any other members of the Board. 

  (vi)	The Company shall procure, to the extent permitted by Applicable Law, that the Subsidiaries implement the resolutions adopted by the Board and shall not take any actions that contravene the resolutions adopted by the Board.

  Section 2.03	Investor Agreements.  Each Investor undertakes to the Company that:

  (i)	with respect to each election of Directors by resolution of shareholders of the Company, to exercise all voting rights attaching to the Equity Securities of the Company it holds at all times and from time to time at any shareholder meeting, adjournment, postponement or continuation thereof, or consent of shareholders, in order to (i) to cause the election or re-election as members of the Board of each of the individuals designated by the Company, and (ii) against any nominees not designated by the Company; and

  (ii)	with respect to each appointment of a Director by resolution of the Board, whether to fill a casual vacancy, upon any increase in the size of the Board or otherwise, it shall cause any Investor Director then serving to vote at each meeting of the Directors, or in lieu of any such meeting, to give his or her written consent as may be necessary (i) to cause the appointment as a member of the Board each of the individuals designated by a majority of the Directors then serving (other than the Investor Director), and (ii) against any nominees not designated by a majority of the Directors then serving (other than the Investor Director).

  Section 2.04	Board Approval Matters.  

  In addition to any requirements imposed by Applicable Law, this Agreement, the Memorandum and Articles and any other constitutional documents of the Company, the Company shall not, and shall cause its Subsidiaries not to, take any action with respect to any of the matters set forth on SCHEDULE A hereto without approval of the Board, provided, the Parties further agree and acknowledge that matters set forth in paragraph 18 on SCHEDULE A shall be further subject to the written concent of at least two Major Noteholders (to the extent at least two Major Noteholders still hold the 2019 Notes) or the remaining Major Noteholder (if only one Major Noteholder still holds the 2019 Notes) pursuant to the 2021 Voting Agreement. 

  Article III
PRINCIPAL LOCK-UP.

  Section 3.01	Principal Lock-up.   Subject to Section 3.02, during the Principal Lock-up Period, no Principal Party shall Transfer, or publicly announce an intention to Transfer, any Equity Securities in the Company directly or indirectly held by the Principal Party as of the date hereof, without the prior written consent of the Investors.  The Principal irrevocably agrees to cause and guarantee the performance by the Principal Holding Company of all of its covenants and obligations under this Section 3.01.  Any purported Transfer by any Principal Party in violation of this Section 3.01 shall be null and void and of no force and effect and the Company shall refuse to recognize any such Transfer and shall not register or otherwise reflect on its records any change in ownership of such Equity Securities in the Company purported to have been Transferred. 

  Section 3.02	Permitted Transfers. 

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  (i)	Regardless of anything else contained herein, Section 3.01 shall not apply to Transfers of Equity Securities of the Company by the Principal Holding Company (i) to the Principal, a Relative of the Principal, a trust formed for the exclusive benefit of the Principal or his Relatives, or an entity 100% Controlled exclusively by the Principal, or (ii) through will or intestacy, in each case where the transferee shall have executed and delivered to each of the Parties (other than the transferor) an instrument, reasonably acceptable to the other Parties, agreeing to be bound by the terms and conditions of this agreement as if such transferee were the transferor. 

  (ii)	Any transferee of Equity Securities expressly contemplated under Section 3.02 is hereinafter referred to as a “Permitted Transferee”. If any Permitted Transferee to which Equity Securities of the Company are Transferred ceases to be a Permitted Transferee of the Party from which or whom it acquired such Equity Securities of the Company pursuant to such provision, such Person shall reconvey such Equity Securities of the Company to such transferring Party (or another Permitted Transferee of such Party) immediately before such Person ceases to be a Permitted Transferee of such transferring Party so long as such Person knows of its upcoming change of status immediately prior thereto.  If such change of status is not known until after its occurrence, the former Permitted Transferee shall make such Transfer to such transferring Party (or another Permitted Transferee of such Party) as soon as practicable after the former Permitted Transferee receives notice thereof.

  Article IV
ConfidentialitY

  Section 4.01	General Obligations.   Each Party undertakes to the other Party that it shall not reveal, and that it shall use its commercially reasonable efforts to procure that its respective Representatives who are in receipt of any Confidential Information do not reveal, to any third party any Confidential Information without the prior written consent of the concerned Party.  The term “Confidential Information” as used in this Article IV means: (a) any non-public information concerning the organization, structure, business or financial results or condition of any Party, including but not limited to any non-public information that the Investors may have or acquire in relation to any Group Members or its customers, business, assets or affairs; (b) the terms of the 2021 Transaction Documents and the Transaction Documents, and the identities of the Parties and their respective Affiliates; and (c) any other information or material prepared by a Party or its Representatives to the extent it contains or otherwise reflects, or is generated from, Confidential Information (collectively, the “Confidential Information”); provided that “Confidential Information” shall not include information that is (i) or becomes generally available to the public other than as a result of disclosure by or at the direction of a Party or any of its Representatives in breach of this Agreement, (ii) or becomes available to a Party from a source other than the Company, (iii) already in the possession of the Party on the date hereof (other than information furnished by or on behalf of a Party) or (iv) independently developed by the Party without violating any of the confidentiality terms herein.

  Section 4.02	Exceptions.   The provisions of Section 4.01 shall not apply to:

  (i)	disclosure by a Party to a Representative or an Affiliate if such Representative or Affiliate (a) is under a similar obligation of confidentiality or (b) is otherwise under a binding professional obligation of confidentiality;

  (ii)	disclosure, after giving prior notice to the other Parties to the extent practicable under the circumstances and subject to any practicable arrangements to protect confidentiality, to the extent requested or required under the rules of any stock exchange on 

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  which the Equity Securities of a Party or any of its Affiliates are listed or by Laws or governmental regulations or judicial or regulatory process or in connection with any proceeding arising out of or relating to this Agreement; provided that no prior notice to any Party shall be required to be given under this Section 4.02 with respect to any proceeding commenced or brought by a Party in pursuit of its rights or in the exercise of its remedies arising out of the 2021 Transaction Documents and the Transaction Documents;

  (iii)	disclosure by the Investors or its Affiliates to a financing source in connection with a bona fide loan or financing arrangement, if the recipient agrees in writing prior to any such disclosure to be subject to confidentiality obligations substantially similar to those set forth in this Article IV;

  (iv)	following notification in writing to the Company on a no names basis, disclosure by any Investor or its Affiliates to a bona fide potential purchaser of any portion or all of the Equity Securities of the Company held by such Investor or its Affiliates to the extent necessary for such potential purchaser to evaluate such a proposed transaction or for other similar business purposes, if the recipient agrees in writing prior to any such disclosure to be subject to confidentiality obligations substantially similar to those set forth in this Article IV, of which the Company is a third-party beneficiary; or

  (v)	disclosure by the Investors or its Affiliates of Confidential Information that is reasonably necessary in connection with its reporting requirements to its shareholders, limited partners and/or director or indirect investors in the ordinary course of business in each case, so long as the Persons being disclosed such information have been advised of the confidential nature of such information

  Section 4.03	Press Release.   Notwithstanding the foregoing, without the prior written consent of the Investors, the Company shall not disclose any Confidential Information or make any press releases that contains any Confidential Information, even if such disclosure or press release is required by Applicable Laws, regulations or stock exchange rules. The final form of any such disclosure or press release shall be approved in advance in writing by each Party.

  Section 4.04	Overriding Provision.   The provisions of this Article IV shall supersede the provisions of any separate nondisclosure agreements executed by any of the Parties with respect to the transactions contemplated hereby, and all such other nondisclosure agreements shall be terminated and null and void as between the Parties, including without limitation, any term sheet, letter of intent, memorandum of understanding or other similar agreement entered into by two or more of the Parties in respect of the transactions contemplated hereby.

  Article V 
Representation and Warranties

  Each Party severally but not jointly represents and warrants, with respect to itself, to the other Party that:

  Section 5.01	Existence.   Such Party (other than the Principal) has been duly organized, is validly existing and is in good standing under the laws of its jurisdiction of organization.  

  Section 5.02	Capacity.   Such Party has the requisite power and authority to enter into and perform its or his respective obligations under this Agreement and consummate the transactions contemplated hereby.

  Section 5.03	Authorization And Enforceability.   This Agreement has been 

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  duly authorized, executed and delivered by such Party, and assuming the due authorization, execution and delivery by each of the other Parties, this Agreement is a valid and binding agreement of such Party, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally and general principles of equity.

  Section 5.04	Non-Contravention.  Neither the execution and the delivery of this Agreement, nor the consummation of the transactions contemplated hereby, will (i) violate any provision of the memorandum and articles or other constitutional documents of such Party (other than the Principal); (ii) violate any constitution, statute, regulation, rule, injunction, judgment, order, decree, ruling, charge, or other restriction of any government, Governmental Entity or court to which such Party is subject, or (iii) conflict with, result in a breach of, constitute a default under, result in the acceleration of or creation of an Encumbrance under, create in any party the right to accelerate, terminate, modify, or cancel, or require any notice under, any agreement, contract, lease, license, instrument, or other arrangement to which such Party is a party or by which such Party is bound or to which any assets of such Party are subject, except in the case of clauses (ii) or (iii) as would not have a material adverse effect.  There is no action, suit or proceeding, pending or, to the knowledge of such Party, threatened against such Party that questions the validity of this Agreement or the right of such Party to enter into this Agreement to consummate the transactions contemplated hereby.

  Article VI
termination

  Section 6.01	General.   Save for the provisions which Section 6.04 provides shall continue in full force following termination for any reason whatsoever, this Agreement shall terminate immediately upon the mutual written consent of the Parties hereof (or their respective lawful successors and assigns).

  Section 6.02	Termination with Respect to a Shareholder.   Subject to the transfer resstricitons set forth in the Investors’ Rights Agreement, upon the Transfer by any of the Investors or the Principal Holding Company of all of the Equity Securities of the Company registered in its name to a Permitted Transferee in accordance with the terms and conditions of the Investors’ Rights Agreement, such Party (and with respect to the Principal Holding Company, the Principal Parties) shall automatically cease to be a party to this Agreement and shall have no further rights or obligations hereunder.

  Section 6.03	[Reserved]. 

  Section 6.04	Survival.   If this Agreement terminates, the Parties shall be released from their obligations under this Agreement, except that (i) Article I, Article IV, this Section 6.04, Section 7.15 and Section 7.16 shall continue to exist after the termination of this Agreement in accordance with their terms, and (ii) termination of this Agreement shall not affect any rights or liabilities that the Parties have accrued under this Agreement prior to such termination.

  Article VII
Miscellaneous.

  Section 7.01	Notices.  All notices, requests, demands and other communications that are required or may be given pursuant to the terms of this Agreement shall be in writing, and delivery shall be deemed sufficient in all respects and to have been duly given as follows: (a) on the actual date of service if delivered personally; (b) at the time of receipt if given by electronic mail to the e-mail addresses set forth in this Section 7.01; (c) on the third day after mailing if mailed by first-class mail return receipt requested, postage prepaid 

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  and properly addressed as set forth in this Section 7.01; or (d) on the day after delivery to a nationally recognized overnight courier service during its business hours for overnight delivery against receipt, and properly addressed as set forth in this Section 7.01:

  		
	If to the Investors:
Joy Capital 

 
	 
Astral Success Limited
Unit F, 37/F, COS Centre, 56 Tsun Yip Street, 
Kwun Tong, Hong Kong
E-mail: [*]
With copy to: [*]
Attn: [*]
 

	NIO Capital
	Abundant Grace Investment Limited, Abundant Glory Investment L.P.
Unit 2412, 24F HKRI Taikoo Hui Center I,
288 Shimen Yi Road, Jing'an District,
Shanghai, China 200041
E-mail: [*]
With copy to: [*]
Attn: [*]
 

	If to the Company:
	Uxin Limited
1-3/F, No. 12 Beitucheng East Road 
Chaoyang District, Beijing, 100029 
People’s Republic of China 
E-mail: [*]
Attn: [*]

	If to Principal Parties
Principal
	 
1-3/F, No. 12 Beitucheng East Road 
Chaoyang District, Beijing, 100029 
People’s Republic of China
E-mail: [*]
Attn: [*]

	Principal Holding Company
	Xin Gao Group Limited
1-3/F, No. 12 Beitucheng East Road 
Chaoyang District, Beijing, 100029 
People’s Republic of China 
E-mail: [*]
Attn: [*]

  Any party may change its address or other contact information for notice by giving notice to each other party in accordance with the terms of this Section 7.01. In no event will delivery to a copied Person alone constitute delivery to the party represented by such copied Person.

  Section 7.02	Further Assurances.   Upon the terms and subject to the 

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  conditions herein, each of the Parties agrees to use its reasonable best efforts to take or cause to be taken all action, to do or cause to be done, to execute such further instruments, and to assist and cooperate with the other Parties in doing, all things necessary, proper or advisable under Applicable Laws or otherwise to consummate and make effective, in the most expeditious manner practicable, the transactions contemplated by this Agreement, the other Transaction Documents and the 2021 Transaction Documents, including but not limited that the Company and the Principal Parties shall (a) use their best efforts to ensure that the rights granted under Section 2.01 and Section 7.03 to the Investors and/or its Affiliates are effective and that the Investors and/or its Affiliates enjoy the benefits thereof, and (b) take any and all actions as may be necessary, advisable or reasonably requested by the Investors and/or its Affiliates in order to carry out the transactions contemplated by Section 2.01 and Section 7.03 and to protect the rights of the Investors and/or its Affiliates under Section 2.01 and Section 7.03 against impairment. 

  Section 7.03	Assignments and Transfers.   This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns.  No Party may assign this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the other Parties; provided, however, that (a) each Investor may assign this Agreement to (i) any Affiliate of such Investor without the prior consent of the other Parties, (ii) to any transferee with a Transfer of the Senior Preferred Shares, the Conversion Shares or ADSs to such third party, and (iii) for collateral security purposes, to any lender of the Investor or any of its Affiliates in connection with a bona fide loan or financing arrangement secured by the Senior Preferred Shares, the Conversion Shares or ADSs; (b) the Principal Holding Company shall assign this Agreement to any Permitted Transferee of the Principal Holding Company with a Transfer of all Equity Securities of the Company it holds to such Permitted Transferee.

  Section 7.04	Rights Cumulative; Specific Performance.   Except as specifically set forth herein, the rights and remedies of the parties to this Agreement are cumulative and not alternative. To the maximum extent permitted by Applicable Laws, (a) no claim or right arising out of this Agreement can be discharged by one party, in whole or in part, by a waiver or renunciation of the claim or right unless in writing signed by the other party; (b) no waiver that may be given by a party will be applicable except in the specific instance for which it is given; and (c) no notice to or demand on one party will be deemed to be a waiver of any obligation of that party or of the right of the party giving such notice or demand to take further action without notice or demand as provided in this Agreement. The Parties agree that irreparable damage would occur if any provision of this Agreement were not performed in accordance with the terms hereof and that the parties shall be entitled to an injunction or injunctions to prevent breaches of this Agreement or to enforce specifically the performance of the terms and provisions hereof in any court of competent jurisdiction, in addition to any other remedy to which they are entitled at law or in equity.

  Section 7.05	Amendment.   This Agreement may be amended only by a written instrument executed by each of the Parties.

  Section 7.06	Waiver.   No waiver of any provision of this Agreement shall be effective unless set forth in a written instrument signed by the Party waiving such provision.  No failure or delay by a Party in exercising any right, power or remedy under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of the same preclude any further exercise thereof or the exercise of any other right, power or remedy.  Without limiting the foregoing, no waiver by a Party of any breach by any other Party of any provision hereof shall be deemed to be a waiver of any subsequent breach of that or any other provision 

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  hereof.

  Section 7.07	No Presumption.   The Parties acknowledge that any Applicable Law that would require interpretation of any claimed ambiguities in this Agreement against the Party that drafted it has no application and is expressly waived. If any claim is made by a Party relating to any conflict, omission or ambiguity in the provisions of this Agreement, no presumption or burden of proof or persuasion will be implied because this Agreement was prepared by or at the request of any Party or its counsel.

  Section 7.08	Severability.   If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction or other Governmental Entity to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party.  Upon such a determination, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in an acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible.

  Section 7.09	Entire Agreement.   This Agreement and the other Transaction Documents constitute the entire agreement and understanding among the parties hereto and thereto with respect to the subject matters hereof and thereof and supersede any prior understandings, agreements or representations by or among the parties, written or oral, related to the subject matters hereof and thereof.

  Section 7.10	Counterparts.   This Agreement may be executed in separate counterparts, each of which shall be an original and all of which taken together shall constitute one and the same agreement.  Signatures in the form of facsimile or electronically imaged “PDF” shall be deemed to be original signatures for all purposes hereunder.  The parties irrevocably and unreservedly agree that this Agreement may be executed by way of electronic signatures and the parties agree that this Agreement, or any part thereof, shall not be challenged or denied any legal effect, validity and/or enforceability solely on the ground that it is in the form of an electronic record.

  Section 7.11	Descriptive Headings; Construction.   The descriptive headings of this Agreement are inserted for convenience only and do not constitute a part of this Agreement. The Parties agree that this Agreement is the product of negotiation between sophisticated parties and individuals, all of whom were represented by counsel, and each of whom had an opportunity to participate in and did participate in the drafting of each provision hereof. Accordingly, ambiguities in this Agreement, if any, shall not be construed strictly or in favor of or against any party but rather shall be given a fair and reasonable construction without regard to the rule of contra proferentem.

  Section 7.12	Control.   In the event of any conflict or inconsistency between any of the terms of this Agreement and any of the terms of the 2021 Voting Agreement or any of the Charter Documents for any of the Group Members, or in the event of any dispute related to the 2021 Voting Agreement or any such Charter Document, the terms of this Agreement shall prevail in all respects among the Parties, the Parties shall give full effect to and act in accordance with the provisions of this Agreement over the provisions of the 2021 Voting Agreement or the Charter Documents.

  Section 7.13	Adjustments for Share Splits, Etc.   Wherever in this Agreement there is a reference to a specific number of Shares, then, upon the occurrence of 

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  any subdivision, combination or share dividend of the Shares, the specific number of shares so referenced in this Agreement shall automatically be proportionally adjusted, as appropriate, to reflect the effect on the outstanding Shares by such subdivision, combination or share dividend.

  Section 7.14	Use of English Language.   This Agreement has been executed and delivered in the English language.  Any translation of this Agreement into another language shall have no interpretive effect.  All documents or notices to be delivered pursuant to or in connection with this Agreement shall be in the English language or, if any such document or notice is not in the English language, accompanied by an English translation thereof, and the English language version of any such document or notice shall control for purposes thereof.

  Section 7.15	Governing Law.   This Agreement shall be governed by and construed in accordance with the laws of Hong Kong, without regard to its principles of conflicts of laws. 

  Section 7.16	Dispute Resolution. 

  (i)	Each of the Parties hereto irrevocably (i) agrees that any dispute or controversy arising out of, relating to, or concerning any interpretation, construction, performance or breach of this Agreement, shall be settled by arbitration to be held in Hong Kong and administered by the Hong Kong International Arbitration Centre (“HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules in force at the time of the commencement of the arbitration, (ii) waives, to the fullest extent it may effectively do so, any objection which it may now or hereafter have to the laying of venue of any such arbitration, and (iii) submits to the exclusive jurisdiction of Hong Kong in any such arbitration.  There shall be three (3) arbitrators.  The claimant shall appoint one (1) arbitrator, and the respondent shall appoint one (1) arbitrator no more than ten (10) days following the official appointment of the arbitrator appointed by the claimant, failing which such arbitrator shall be appointed by HKIAC; the third arbitrator shall be the presiding arbitrator and shall be appointed jointly by the arbitrators ap-pointed by the claimant and respondent within ten (10) days of the later of the appointment of the arbitrators appointed by the said Parties, failing which such arbitrator shall be appointed by HKIAC. 

  (ii)	The arbitration shall be conducted in English.  

  (iii)	The Parties acknowledge and agree that, in addition to contract damages, the arbitrator may award provisional and final equitable relief, including injunctions, specific performance and lost profits.

  (iv)	The decision of the arbitration tribunal shall be final, conclusive and binding on the Parties to the arbitration.  Judgment may be entered on the arbitration tribunal’s decision in any court having jurisdiction.  

  (v)	When any dispute occurs and when any dispute is under arbitration, except for the matters in dispute, the Parties shall continue to fulfil their respective obligations and shall be entitled to exercise their rights under this Agreement.

  (vi)	The Parties understand and agree that this provision regarding arbitration shall not prevent any Party from pursuing preliminary, equitable or injunctive relief in a judicial forum pending arbitration in order to compel another Party to comply with this provision, to preserve the status quo prior to the invocation of arbitration under this provision, or to prevent or halt actions that may result in irreparable harm.  A request for such equitable or injunctive relief shall not waive this arbitration provision. 

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  (vii)	The Parties expressly consent to the joinder of additional part(ies) in connection with the Transaction Documents to the arbitration proceedings commenced hereunder and/or the consolidation of arbitration proceedings commenced hereunder with arbitration proceedings commenced pursuant to the arbitration agreements contained in the Transaction Documents.  In addition, the Parties expressly agree that any disputes arising out of or in connection with this Agreement and the Transaction Documents concern the same transaction or series of transactions.

  (viii)	If any action at law or in equity is necessary to enforce or interpret the terms of this Agreement, the prevailing party shall be entitled to reasonable attorney's fees, costs and necessary disbursements in addition to any other relief to which such party may be entitled.

  Section 7.17	Deed of Adherence.   (a) Any Person who acquires Senior Preferred Shares pursuant to the Subscription Agreement or the 2021 Subscription Agreement, (b) any Person who acquires Senior Preferred Shares by exercise of any of the Warrants, provided that, if such Person is not an Affiliate of the Investor who transferred the Warrant (in whole or in part) to such Person, only if so elected by such Investor at its sole discretion, and (c) any transferee of an Investor who acquires rights, interests and obligations of this Agreement pursuant to Section 7.03 hereof, may, by signing and delivering a Deed of Adherence in substantially the form attached hereto as SCHEDULE C, join and become a party to this Agreement as an “Investor” with the same force and effect as if it were originally a party hereto. 

  [The remainder of this page has been intentionally left blank.]

   

   

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  	IN WITNESS WHEREOF, the Parties hereto have caused their respective duly authorized representatives to execute this Agreement on the date and year first above written.

   

  COMPANY:	

   

  UXIN LIMITED

   

  By _/s/ Kun DAI___________________________________
Print Name: Kun DAI (戴琨)
Title: Director

   

  [Signature page to Voting Agreement]

  

   

  	IN WITNESS WHEREOF, the Parties hereto have caused their respective duly authorized representatives to execute this Agreement on the date and year first above written.

   

   

  PRINCIPAL:	

   

   

  __/s/ Kun DAI________________________________________

  Kun DAI (戴琨) 

   

   

   

   

  PRINCIPAL HOLDING COMPANY:	

   

   

  Xin Gao Group Limited

   

  By ____/s/ Kun DAI_____________________
Print Name: Kun DAI (戴琨)
Title: Director

   

   

  [Signature page to Voting Agreement]

  

   

  IN WITNESS WHEREOF, the Parties hereto have caused their respective duly authorized representatives to execute this Agreement on the date and year first above written.

  INVESTOR:	

   

  JOY CAPITAL

  ASTRAL SUCCESS LIMITED

   

  By __/s/ Erhai Liu ______________________
Print Name: Erhai Liu
Title: Authorized Signatory

   

  [Signature page to Voting Agreement]

  

   

  IN WITNESS WHEREOF, the Parties hereto have caused their respective duly authorized representatives to execute this Agreement on the date and year first above written.

  INVESTOR:	

   

  NIO CAPITAL

  ABUNDANT GRACE INVESTMENT LIMITED

   

  By __/s/ Mao Wei___________________
Print Name: Mao Wei
Title: Director

   

  [Signature page to Voting Agreement]

  

   

  IN WITNESS WHEREOF, the Parties hereto have caused their respective duly authorized representatives to execute this Agreement on the date and year first above written.

  INVESTOR:	

   

  NIO CAPITAL

  ABUNDANT GLORY INVESTMENT L.P.

  acting through Nio Capital II LLC in its capacity as the general partner

   

  By __/s/ Zhu Yan________________
Print Name: Zhu Yan
Title: Authorized Signatory

   

   

   

   

  [Signature page to Voting Agreement]

  

   

  SCHEDULE A

  BOARD APPROVAL MATTERS

   

  1.	Adoption, change or waiver of any provision of the Company’s memorandum and articles of association or other Charter Documents of any Group Member.

  2.	Delisting of the ADSs from NASDAQ.

  3.	Any authorization, creation or issuance by any Group Member of any New Securities or any instruments that are convertible into securities, excluding (x) any issuance of Ordinary Shares upon conversion of the Senior Preferred Shares and/or the exercise of the Warrants, (y) any issuance of Ordinary Shares (or options or warrants therefor) under any written share incentive plans duly approved, and (z) any issuance of securities as a dividend or distribution on Ordinary Share.

  4.	(x) Any adoption of new share incentive plan by any Group Member or change of the Existing Share Incentive Scheme; or (y) grant of awards that represent over 0.5% of the Company’s outstanding Shares to any individual under any share incentive plans of the Company. 

  5.	Any repurchase or redemption of any Equity Securities of any Group Member (including the manner in which such repurchase or redemption is structured) other than pursuant to contractual rights to repurchase Ordinary Shares from the employees, officers, directors or consultants of the Group Members upon termination of their employment or services.

  6.	Any merger, amalgamation, consolidation, scheme of arrangement or reorganization (i) in which the Company is not the surviving entity or (ii) following which the holders of the voting securities of the Company do not continue to hold more than 50% of the combined voting power of the voting securities of the surviving entity.

  7.	Any transaction or series of transactions in which more than 50% of the voting power of any Group Member (other than the Company) is transferred or in which a majority of the assets of any Group Member are sold.

  8.	Declare, set aside or pay any dividend or other distribution (whether in cash, stock or property or any combination thereof) in respect of its Equity Securities or make any other actual, constructive or deemed distribution in respect of any of its Equity Securities or otherwise make any payments to shareholders in their capacity as such, except for cash dividends made by any direct or indirect wholly-owned Subsidiary of the Company to the Company or one of its wholly-owned Subsidiaries.

  9.	Pass any resolution for the winding up of the Company and/or any other Group Member, scheme of arrangement, reorganization, reconstruction, dissolution or liquidation concerning the Company and/or any other Group Member, or appointing a receiver, trustee, or other similar official for it or for any substantial part of its property. 

  10.	Any merger, amalgamation, consolidation, scheme of arrangement or reorganization of the Company following which transaction, any NIO Competitor would hold more than 50% of the combined voting power of the voting securities of the surviving entity. 

  11.	The entry into any binding agreement to privatize the Company following which privatization any NIO Competitor would hold more than 50% of the combined voting power of the voting securities of the Company or, if the Company is not the surviving entity of such privatization, the surviving entity.

  SCHEDULE A

  

   

  12.	Approval or amendment of annual business plan and Annual Budget or any strategic plan.

  13.	Appointment, replacement, removal, dismissal or settlement or change of terms of employment of the chief executive officer, the chief financial offer, the chief operating officer, the general manager or the five (5) most highly compensated employees or officers of the Company.

  14.	To the extent not already approved in the Annual Budget or the Quarter Budget, any investment in any entity or any acquisition of another company with consideration, whether in cash or otherwise, in excess of RMB50 million in valuation; or any disposal of or dilution of the Company’s interest, directly or indirectly, in any other Group Member; or any Transfer of any Equity Securities (or any interest therein) of any Group Member (other than the Company).

  15.	To the extent not already approved in the Annual Budget or the Quarter Budget, any purchase, license, lease, transfer or disposal of assets, properties, goodwill and businesses in excess of RMB1 million individually or in excess of RMB5 million collectively during any financial year.

  16.	To the extent not already approved in the Annual Budget or the Quarter Budget, any advertising or user acquisition agreements in excess of RMB1 million individually or in excess of RMB5 million collectively during any financial year.

  17.	To the extent not already approved in the Annual Budget or the Quarter Budget, any incurrence of debt, any investment in any indebtedness, any provision of any guarantee, indemnity or mortgage for any indebtedness or advance of any loan to any third party, in each case in excess of RMB1 million individually or in excess of RMB5 million collectively during any financial year.

  18.	Any indebtedness of the Company that is prohibited under the 2019 Notes. 

  19.	To the extent not already approved in the Annual Budget or the Quarter Budget, any capital expenditure projects or agreements in excess of RMB1 million individually or in excess of RMB5 million collectively during any financial year, other than purchase of automobiles in the ordinary course of the Company’s business consistent with past practice.

  20.	Ceasing to conduct or carry on the business of the Company and/or any other member of the Group substantially as currently conducted as of the date of this Agreement or change any part of its major business activities.

  21.	Any transaction with Related Party (excluding for such purposes any member of the Group) that is not on an arm's length basis or which is not contemplated in the Company's annual business plan and budget duly approved and adopted.

  22.	Any amendment to the 2019 Notes.

   

  SCHEDULE A

  

   

  SCHEDULE B

  ADVERSE PERSONS

  [*]

   

  SCHEDULE C

  

   

  SCHEDULE C

  DEED OF ADHERENCE

   

  THIS DEED is made on [*], 2022 by [*] of [*] (the “New Party”) 

  WHEREAS:	

  (A)	On June [*] 2022, the Company and certain other parties thereto entered into a voting agreement (as amended, supplemented or novated from time to time, the “Voting Agreement”).

  (B)	This Deed is entered into to record and effect the admission of the New Party under the Voting Agreement.

   NOW THIS DEED WITNESSES as follows:

  1.	Unless the context otherwise requires, (a) words and expressions defined in the Voting Agreement shall have the same meanings when used in this Deed, and (b) the rules of interpretation contained in Section 1.02 (Interpretation) of the Voting Agreement shall apply to the construction of this Deed.

  2.	The New Party hereby confirms that it has been supplied with a copy of the Voting Agreement, and has reviewed the same and understands its contents.

  3.	The New Party undertakes to each of the parties to the Voting Agreement (whether assuming any rights or obligations under the Voting Agreement on the date of the Voting Agreement or thereafter) to be bound by and comply in all respects with the Voting Agreement, and to assume the benefits of the Voting Agreement, as if the New Party had executed the Voting Agreement as [an Investor, Joy Capital / NIO Capital, Principal Party] and was named as a party to it.

  4.	The New Party warrants and undertakes to each of the parties to the Voting Agreement (and each other person who may from time to time expressly adhere to the Voting Agreement) in the terms set out in Article V of the  Voting Agreement (except that the warranty set out in Section 5.01 (Existence) of the Voting Agreement shall not be given by the New Party if it is an individual), but so that such warranties and undertakings shall be deemed to be given on the date of this Deed and shall be deemed to refer to this Deed.

  5.	This Deed is made for the benefit of:

  (a)	the parties to the Voting Agreement; and

  (b)	any other Person who may after the date of the Voting Agreement (and whether or not prior to, on or after the date hereof) assume any rights or obligations under the Voting Agreement and be permitted to do so by the terms thereof;

  and this Deed shall be irrevocable.

  6.	The address and e-mail address of the New Party for the purpose of Section 7.01 (Notices) of the Voting Agreement shall be as follows:

  Address:	[*] 

  E-mail:	[*] 

  For the attention of:	[*]

  SCHEDULE C

  

   

  7.	This Deed shall be read as one with the Voting Agreement so that any reference in the Voting Agreement to “this Deed” and similar expressions shall include this Deed.

  8.	Section 7.15 (Governing Law) and Section 7.16 (Dispute Resolution) of the Voting Agreement shall apply to this Deed. This Deed and any non-contractual obligations arising out of or in connection with this Deed shall be governed by and construed in accordance with the laws of Hong Kong.

   

  [Signature Pages Follow]

   

   

  SCHEDULE C

  

   

  IN WITNESS WHEREOF the undersigned has hereto executed and delivered this Deed as of the day and year first above written.

   

  [Seal]

  			
	SIGNED, SEALED and DELIVERED  as a deed by [*] acting by
__________________________, who is duly authorised to sign on its behalf
 
 
	 
	 

   

   

  SCHEDULE CEX-4.54

  Exhibit 4.54

   

  THE SYMBOL “[*]” DENOTES PLACES WHERE CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL, AND (II) IS THE TYPE THAT THE COMPANY TREATS AS PRIVATE OR CONFIDENTIAL 

   

  FRAMEWORK Agreement

   

  This Framework Agreement is entered into as of July 18, 2022 (this “Agreement”) by and among Uxin Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands (“Uxin”), Mr. Kun Dai (戴琨), a PRC individual with PRC identify card no. of [*] (the “Founder”), the Affiliates of Uxin identified on Schedule A hereto (collectively, the “Uxin Entities”, and together with Uxin and the Founder, the “Uxin Parties”), 58.com Holdings Inc., a business company incorporated under the laws of the British Virgin Islands (“58.com”) and the Affiliates of 58.com identified on Schedule B hereto (collectively, the “58.com Entities”, and together with 58.com, the “58.com Parties”).  Each of the Uxin Parties and the 58.com Parties is hereinafter referred to as a “Party”, and together as the “Parties”. 

  WHEREAS, Uxin and 58.com are parties to that certain convertible note purchase agreement dated as of May 29, 2019 (the “May 2019 CNPA”), pursuant to which Uxin issued to 58.com a convertible promissory note in the principal amount of US$100,000,000 on June 10, 2019 (the “Original 58.com Note”);

  WHEREAS, Uxin and 58.com and certain other parties entered into that certain Supplementary Agreement in connection with the Convertible Note Purchase Agreement and Convertible Promissory Notes as of June 17, 2021 to amend certain terms and conditions of the May 2019 CNPA and the Original 58.com Note (such note, as amended, the “58.com Note”, and the May 2019 CNPA, as amended, the “CNPA”); Uxin is obligated to repay the 58.com Note in instalments pursuant to the terms of the 58.com Note; 

  WHEREAS, Uxin and certain other Uxin Parties and certain 58.com Entities entered into that certain Business Cooperation Agreement (业务合作协议) on or around May 29, 2019 (such agreement, as amended, the “BCA”), under which the applicable 58.com Parties have claims against Uxin and the applicable Uxin Parties for payments in connection with advertisement services provided by the applicable 58.com Parties thereunder; 

  WHEREAS, Uxin and certain other Uxin Parties and certain 58.com Entities are parties to that certain Asset and Business Transfer Agreement (资产与业务转让协议), dated as of March 24, 2020, regarding the transfer of certain to B used cars business (B端客户业务) from the applicable Uxin Parties to the applicable 58.com Parties (such agreement, as amended by the supplementary agreements or amendments set forth on Schedule C, the “To B APA”), under which the applicable Uxin Parties have claims against the applicable 58.com Parties for certain payments; 

  	 

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  WHEREAS, Uxin and certain other Uxin Parties and certain 58.com Entities are parties to that certain Asset Transfer Agreement (资产转让协议), dated as of September 30, 2019, regarding the transfer of certain loan facilitation business from the applicable Uxin Parties to the applicable 58.com Parties (such agreement, as amended by the supplementary agreements or amendments set forth on Schedule D, the “Loan Facilitation APA”), under which differences arose between the applicable Uxin Parties and the applicable 58.com Parties on their respective rights to receive payments from and respective obligations to make the payments to the counter parties;

  WHEREAS, after a series of discussions, the Parties believe it is in their best interests to reach a prompt resolution to settle and release any and all monetary claims between the Uxin Parties and the 58.com Parties under the CNPA, the 58.com Note, the BCA, the To B APA and the Loan Facilitation APA.

  NOW, THEREFORE, the Parties, in consideration of the foregoing, the mutual undertakings, conditions, representations and covenants set forth herein and other valuable consideration, receipt and sufficiency of which are hereby acknowledged, intending to be legally bound, hereby agree as follows:

  1.Definitions and Interpretation.  

  (a)Certain Definitions.  For purposes of this Agreement, the following terms shall have the following meanings:

  (i)“ADSs” means the American Depositary Shares, each representing three Class A Ordinary Shares.

  (ii)“Affiliate” of any specified Person means any other Person directly or indirectly Controlling or Controlled by or under direct or indirect common Control with such specified Person.

  (iii)“Business Day” means any day that is not a Saturday, a Sunday or other day on which banking institutions in the State of New York, the PRC, the Hong Kong Special Administrative Region of the PRC or the Cayman Islands are required by law to be closed. 

  (iv)“Class A Ordinary Shares” means Class A ordinary shares of Uxin, par value US$0.0001 each. 

  (v)“Control” of a given Person means the power or authority, whether exercised or not, to direct the business, management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise, provided that such power or authority shall conclusively be presumed to exist upon possession of beneficial ownership or power to direct the vote of more than 50% of the votes entitled to be cast at a meeting of the members or shareholders of such Person or power to control the composition of a majority of the board of directors of such Person. The terms “Controlled” and “Controlling” have the meanings correlative to the foregoing.

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  (vi)“Encumbrance” means (A) any mortgage, charge, pledge, lien, hypothecation, deed of trust, title retention, title defect, security interest, encumbrance or other third-party rights of any kind securing or conferring any priority of payment in respect of any obligation of any Person, any other restriction or limitation; (B) any easement or covenant granting a right of use or occupancy to any Person; (C) any proxy, power of attorney, voting trust agreement, option, right of first offer, right of pre-emptive negotiation, or refusal or transfer restriction in favor of any Person; and (D) any adverse claim as to title, possession, or use, and includes any agreement or arrange for any of the same.

  (vii)“PRC” means the People’s Republic of China, excluding, for the purposes of this Agreement, the Hong Kong Special Administrative Region of the PRC, the Macau Special Administrative Region of the PRC and Taiwan.

  (viii)“Person” means any natural person, firm, corporation, limited liability company, partnership, joint venture, association, joint-stock company, trust, unincorporated organization, governmental entity or any other legal entity, including public bodies, whether acting in an individual, fiduciary or other capacity.

  (ix)“SEC” means the U.S. Securities and Exchange Commission.

  (x)“Securities Act” means the United States Securities Act of 1933, as amended.

  (b)Interpretation. The words “hereof,” “herein,” “hereby,” “herewith” and words of similar import shall, unless otherwise stated, be construed to refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, paragraph and Schedule references are to the Sections, paragraphs and Schedules of this Agreement unless otherwise specified. Whenever the words “include,” “includes” or “including” are used in this Agreement they shall be deemed to be followed by the words “without limitation.” The words describing the singular number shall include the plural and vice versa, words denoting either gender shall include both genders and words denoting natural persons shall include all Persons and vice versa. The phrases “the date of this Agreement,” “the date hereof,” “of even date herewith” and terms of similar import, shall be deemed to refer to the date set forth in the preamble to this Agreement. The parties have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties and no presumption or burden of proof shall arise favoring or disfavoring any Person by virtue of the authorship of any provision of this Agreement.

  2.Obligations Offset. Subject to Section 6(a):

  (a)58.com hereby waives any claim against Uxin in relation to the first installment repayment in the amount of US$7,000,000 (the “First Installment 58.com Note Repayment”) under the 58.com Note;

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  (b)the Uxin Parties, on the one hand, and the 58.com Parties, on the other hand, hereby waive any and all claims against the other Parties in connection with or arising out of the BCA;

  (c)the Uxin Parties, on the one hand, and the 58.com Parties, on the other hand, hereby waive any claim against the other Parties for payments in connection with or arising out of the To B APA or for breach of representations and warranties with respect to “Target Assets (标的资产)” or “Target Business (标的业务)” (each as defined in section 1.1 of the To B APA), or any obligations and liabilities regarding any accounts payable, refund, repayment, deduction, restoration, and payment in cash and/or in kind, each in connection with or arising from the “Target Assets (标的资产)” or “Target Business (标的业务)”; the 58.com Parties further confirm that all “Target Assets (标的资产)” (excluding “Target IP (标的知识产权)” as defined in section 1.1 of the To B APA) and “Target Business (标的业务)” that are required to be transferred or assigned to the 58.com Parties pursuant to the To B APA prior to the date hereof have been transferred or assigned to the 58.com Parties in accordance with the terms of the To B APA and the Uxin Parties are hereby released and discharged from any obligations to transfer or assign such asset or business (the claims, liabilities and obligations waived under this Section 2(c), collectively, the “Waived Obligations under the To B APA”); and

  (d)the Parties agree that each Party under the Loan Facilitation APA is hereby released and discharged from (i) any liabilities for the breach of representations and warranties with respect to the “Target Assets (标的资产)” as defined under section 1 of the Loan Facilitation APA, and (ii) any obligations and liabilities regarding any accounts payable, refund, repayment, deduction, restoration, and payment in cash and/or in kind, each in connection with or arising from the “Target Assets (标的资产)” (as defined under section 1 of the Asset Transfer Agreement (资产转让协议), dated as of September 30, 2019), in each case of (i) and (ii), except for obligations and liabilities regarding the covenants, cooperation obligations or arrangements in relation to the “Target IP (标的知识产权)” (as defined under section 1 of the Loan Facilitation APA); the Parties further confirm that all “Target Assets (标的资产)” (excluding “Target IP (标的知识产权)” that are required to be transferred or assigned pursuant to the Loan Facilitation APA prior to the date hereof have been transferred or assigned in accordance with the terms of the Loan Facilitation APA and each Party under the Loan Facilitation APA is hereby released and discharged from any obligations to transfer or assign such asset (the liabilities and obligations released and discharged under this Section 2(d), collectively, the “Waived Obligations under the Loan Facilitation APA”). 

  3.Conversion of the 58.com Note.  

  (a)Uxin and 58.com hereby agree that 58.com will surrender the 58.com Note to Uxin in exchange for 183,495,146 Class A Ordinary Shares (the “Converted Shares”), which Uxin shall issue and deliver to 58.com pursuant to a note conversion and share exchange letter agreement between Uxin and 58.com in the form attached hereto as Exhibit A (the “Conversion Letter Agreement”).  Upon the delivery by Uxin of the Converted Shares (the “Effective Time”) pursuant to the Conversion Letter Agreement, 

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  (i) all Uxin’s obligations under the 58.com Note will be fully satisfied and discharged, (ii) the 58.com Note will be extinguished without any further action from any Party, and (iii) 58.com will cease to hold the 58.com Note and thus automatically cease to be a party to that certain voting agreement, dated July 12, 2021, by and among 58.com, Uxin and certain other parties thereto.  The Parties agree that Uxin’s delivery of a certified true copy of Uxin’s registered of members (which could be in electronic form) evidencing the Converted Shares being issued and allotted to 58.com together with duly executed share certificate(s) of the Converted Shares (which could be in electronic form, and if delivered in electronic form, with the original form to be delivered promptly following the date hereof), registered in the name of 58.com, constitute the delivery of the Converted Shares.  

  (b)Unless all the Converted Shares are eligible for sale by 58.com without any restrictions or limitations pursuant to Rule 144 of the Securities Act, Uxin shall, upon a written request from 58.com, file a registration statement or, if applicable, a prospectus supplement with the SEC registering all the Converted Shares. Uxin further undertakes to assist 58.com in converting the Converted Shares into ADSs as soon as practicable by providing required documentations and instructions and taking any other necessary actions in a timely manner.  58.com shall reasonably cooperate with Uxin in connection with the conversion of the Converted Shares into ADSs. 

  4.Termination of the BCA.  Subject to Section ‎6(a), the BCA as well as any and all rights and obligations thereunder are hereby mutually terminated without further force and effect, and no party shall have any further obligation or liability under or with respect to the BCA.

  5.Mutual Releases. 

  (a)Release of 58.com Parties by Uxin Parties.  With the exception of claims to enforce this Agreement and subject to Section ‎6(a), each of the Uxin Parties, on behalf of itself, its Affiliates, directors, officers and successors, hereby releases and forever discharges the 58.com Parties and their respective Affiliates, directors, officers, managers, employees, attorneys, agents, representatives and advisors, successors and assignees (collectively, the “58.com Releasees”) from any and all actual or potential losses, claims, demands, proceedings, actions, causes of action, orders, obligations, debts and liabilities that such Uxin Party ever had, now have or hereafter can, shall or may have, known or unknown, at law or in equity, arising out of or in connection with:

  (i)the BCA;

  (ii)the Waived Obligations under the To B APA; or

  (iii)the Waived Obligations under the Loan Facilitation APA; (collectively, the “Uxin Claims”).

  Each Uxin Party hereby irrevocably covenants to refrain from, directly or indirectly, asserting any claim or demand, or commencing, instituting or causing to be 

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  commenced, any proceeding of any kind against any 58.com Releasee, based upon any matter purported to be released hereby.

  (b)Release of Uxin Parties by 58.com Parties.  With the exception of claims to enforce this Agreement and subject to Section 6(a), each of the 58.com Parties, on behalf of itself, its Affiliates, directors, officers and successors, hereby releases and forever discharges the Uxin Parties and their respective Affiliates, directors, officers, managers, employees, attorneys, agents, representatives and advisors, successors and assignees (collectively, the “Uxin Releasees”) from any and all actual or potential losses, claims, demands, proceedings, actions, causes of action, orders, obligations, debts and liabilities that such 58.com Party ever had, now have or hereafter can, shall or may have, known or unknown, at law or in equity, arising out of or in connection with:

  (i)the 58.com Note, including any obligation of Uxin to make any payment under the 58.com Note;

  (ii)the CNPA;

  (iii)the BCA; 

  (iv)the Waived Obligations under the To B APA; or

  (v)the Waived Obligations under the Loan Facilitation APA; (collectively, the “58.com Claims”).

  The Founder is released and forever discharged from any and all actual or potential losses, claims, demands, proceedings, actions, causes of action, orders, obligations, contracts, agreements, debts and liabilities of whatsoever nature a 58.com Party ever had, now have or hereafter can, shall or may have, known or unknown, at law or in equity, in connection with the 58.com Note, the CNPA, the BCA, the Loan Facilitation APA, and the To B APA (other than the Founder’s non-compete obligations as provided in section 7.4 thereunder), where applicable.

  Each 58.com Party hereby irrevocably covenants to refrain from, directly or indirectly, asserting any claim or demand, or commencing, instituting or causing to be commenced, any proceeding of any kind against any Uxin Releasee, based upon any matter purported to be released hereby.

  (c)The Parties, on behalf of themselves as well as the 58.com Releasees and the Uxin Releasees, respectively, acknowledge that they may discover facts in addition to or different from those now known or believed to be true with respect to the settled matters, but that it is the intention of the Parties to hereby completely, fully, finally, and forever compromise, settle, release, discharge, and extinguish any and all 58.com Claims and Uxin Claims between any of the 58.com Parties, on the one hand, and any of the Uxin Parties, on the other hand, whether known or unknown, suspected or unsuspected, and without regard to the subsequent discovery or existence of additional or different facts.  Each Party acknowledges, and shall be deemed to have acknowledged, that the inclusion of this paragraph was separately bargained for and was a key element of the 

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  settlement and was relied upon by each and all of the Parties in entering into this Agreement.

  6.Effective Time; Remaining Obligations.  

  (a)The waiver, termination and release set forth in Sections ‎2, ‎4 and ‎5 shall become effective as of the Effective Time.

  (b)Except to the extent expressly settled, waived and/or released as set forth in Sections ‎2, ‎3, 4 and ‎5 hereunder, all terms and conditions of the To B APA (including the obligation to grant license of certain trademarks to the applicable 58.com Parties) and the Loan Facilitation APA (including any undertakings, covenants, cooperation obligations, arrangements in relation to the “Target IP (标的知识产权)” and “Collecting Account (收款账户)” defined thereunder as set forth under sections 2.5, 7.2 (excluding sections 7.2.1 and 7.2.3) and 7.6 of the Loan Facilitation APA) shall remain unchanged and in full force and effect.

  7.Cooperation.  The 58.com Parties and the Uxin Parties agree to reasonably cooperate with each other in connection with the resolution of matters in connection with the business, contracts or other assets, or personnel related to the Loan Facilitation APA, to the extent such cooperation is reasonably necessary.

  8.Further Actions.  Without prejudice to, and not in limitation of, any other provision of this Agreement, the Parties shall use their commercially reasonable efforts to take, or cause to be taken, all appropriate action, to do or cause to be done all things necessary, proper or advisable under applicable law and to executed and deliver such documents and other papers, as may be required to carry out the provisions of this Agreement and consummate and make effective the transactions contemplated by this Agreement.

  9.Representations and Warranties of the 58.com Parties.  (a)	Each of the 58.com Parties represents and warrants to the Uxin Parties as of the date hereof that:

  (i)Existence.  Such 58.com Party has been duly organized, is validly existing and is in good standing under the laws of its jurisdiction of organization.

  (ii)Capacity.  Such 58.com Party has the requisite power and authority to enter into and perform its respective obligations under this Agreement and consummate the transactions contemplated hereby.

  (iii)Authorization and Enforceability.  This Agreement has been duly authorized, executed and delivered by such 58.com Party, and assuming the due authorization, execution and delivery by the Uxin Parties, this Agreement is a valid and binding agreement of such 58.com Party, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency or similar laws affecting creditors’ rights generally and general principles of equity.

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  (iv)Non-Contravention.  Neither the execution and the delivery of this Agreement, nor the consummation of the transactions contemplated hereby, will (A) violate any provision of the memorandum and articles of association or other constitutional documents of such 58.com Party, (B) violate any constitution, statute, regulation, rule, injunction, judgment, order, decree, ruling, charge, or other restriction of any governmental authority to which such 58.com Party is subject, or (C) conflict with, result in a breach of, constitute a default under, result in the acceleration of or creation of an Encumbrance under, create in any party the right to accelerate, terminate, modify, or cancel, or require any notice under, any agreement, contract, lease, license, instrument, or other arrangement to which such 58.com Party is a party or by which such 58.com Party is bound or to which any assets of such 58.com Party are subject, in each case of the foregoing (B) and (C), in such a manner that would materially and adversely affect such 58.com Party’s ability to consummate the transactions contemplated hereby. 

  (v)Litigation.  There is no action, suit or proceeding, pending or, to the knowledge of such 58.com Party, threatened against such 58.com Party that questions the validity of this Agreement or the right of such 58.com Party to enter into this Agreement to consummate the transactions contemplated hereby.

  (vi)Consents and Approvals.  Neither the execution and delivery by such 58.com Party of this Agreement, nor the consummation by such 58.com Party of any of the transactions contemplated hereby, nor the performance by such 58.com Party of this Agreement in accordance with its terms requires the consent, approval, order or authorization of, or registration with, or the giving notice to, any governmental or public body or authority or any third party.

  (b)	58.com further represents and warrants to the Uxin Parties as of the date hereof that:

  (i)Regulation S Eligibility; Restriction on Resale.  It is acquiring the Converted Shares in an “offshore transaction” (as defined in Regulation S) in reliance upon the exemption from registration provided by Regulation S.  58.com is not a U.S. person as defined in Rule 902 of Regulation S and is located outside of the United States. 58.com understands that the Converted Shares have not been registered under the Securities Act or any U.S. state law and may not be offered or sold within the United States or to, or for the account or benefit of, a U.S. person except pursuant to an exemption from, or in a transaction not subject to, the registration requirements under the Securities Act and applicable U.S. state law. 

  (ii)Investment Experience. 58.com is a sophisticated purchaser with knowledge and experience in financial and business matters such that 58.com is capable of evaluating the merits and risks of the investment in the Converted Shares. 58.com is able to bear the economic risks of an investment in the Converted Shares. 58.com understands that securities prices are a function of a large number of variables and that there is no way for Uxin to predict or otherwise gauge the market’s reaction to the disclosure of any material information.  58.com acknowledges and affirms that, with the assistance of its advisors, it has conducted and completed its own investigation, analysis 

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  and evaluation related to the investment in the Converted Shares.  58.com understands and acknowledges that Uxin has or may have information concerning Uxin and its Affiliates including the short term and long-term plans of Uxin and its Affiliates.  With full recognition of the foregoing, and after discussing these matters with its counsel and such other advisors as it deems appropriate, 58.com wishes to consummate the transactions contemplated under this Agreement on the terms set forth herein.

  10.Representations and Warranties of the Uxin Parties. (a)	Each of the Uxin Parties (other than the Founder) represents and warrants to the 58.com Parties as of the date hereof that:

  (i)Existence. Such Uxin Party has been duly organized, is validly existing and is in good standing under the laws of its jurisdiction of organization.

  (ii)Capacity. Such Uxin Party has the requisite power and authority to enter into and perform its respective obligations under this Agreement and consummate the transactions contemplated hereby.

  (iii)Authorization and Enforceability. This Agreement has been duly authorized, executed and delivered by such Uxin Party, and assuming the due authorization, execution and delivery by the 58.com Parties, this Agreement is a valid and binding agreement of such Uxin Party, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency or similar laws affecting creditors’ rights generally and general principles of equity.

  (iv)Non-Contravention. Neither the execution and the delivery of this Agreement, nor the consummation of the transactions contemplated hereby, will (A) violate any provision of the memorandum and articles of association or other constitutional documents of such Uxin Party, (B) violate any constitution, statute, regulation, rule, injunction, judgment, order, decree, ruling, charge, or other restriction of any governmental authority to which such Uxin Party is subject, or (C) conflict with, result in a breach of, constitute a default under, result in the acceleration of or creation of an Encumbrance under, create in any party the right to accelerate, terminate, modify, or cancel, or require any notice under, any agreement, contract, lease, license, instrument, or other arrangement to which such Uxin Party is a party or by which such Uxin Party is bound or to which any assets of such Uxin Party are subject, in each case of the foregoing (B) and (C), in such a manner that would materially and adversely affect such Uxin Party’s ability to consummate the transactions contemplated hereby. 

  (v)Litigation.  There is no action, suit or proceeding, pending or, to the knowledge of such Uxin Party, threatened against such Uxin Party that questions the validity of this Agreement or the right of such Uxin Party to enter into this Agreement to consummate the transactions contemplated hereby.

  (vi)Consents and Approvals.  Except for those filings required to be made with the SEC and Nasdaq (including a Form 6-K) and the approvals and consents that have been obtained, assuming the accuracy of the representations and warranties of the 

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  58.com Parties under this Agreement, neither the execution and delivery by such Uxin Party of this Agreement, nor the consummation by such Uxin Party of any of the transactions contemplated hereby, nor the performance by such Uxin Party of this Agreement in accordance with its terms, requires the consent, approval, order or authorization of, or registration with, or the giving notice to, any governmental or public body or authority or any third party.

  (b)	Uxin further represents, warrants and undertakes to the 58.com Parties as of the date hereof that:

  (i)Due Issuance of the Converted Shares.  The Converted Shares, upon its issuance, will be duly and validly issued, fully paid and non-assessable, free and clear of all Encumbrances except as imposed by applicable securities laws, and assuming the accuracy of the representations and warranties of the 58.com Parties under this Agreement, will be issued in compliance with all applicable securities laws. Accordingly, upon the delivery of the Converted Shares, 58.com will be entitled to all rights accorded to a holder of Uxin’s Class A Ordinary Shares and will be the record and beneficial owner of all such securities and have good and valid title to all such securities, free and clear of all Encumbrances except as imposed by applicable securities laws.

  (ii)SEC Documents.  Uxin has timely filed or furnished and will timely file or furnish, as applicable, all reports, schedules, forms, statements and other documents required to be filed or furnished by it with the SEC pursuant to the Securities Act or the Exchange Act and the rules and regulations promulgated thereunder (all of the foregoing documents filed with or furnished to the SEC and all exhibits included therein and financial statements, notes and schedules thereto and documents incorporated by reference therein being hereinafter referred to as the “SEC Documents”). As of their respective filing or furnishing dates (if amended prior to the date hereof, as of the date of the last such amendment), the SEC Documents complied in all material respects with the requirements of the Sarbanes-Oxley Act of 2002, the Securities Act or the Exchange Act, as the case may be, and the rules and regulations promulgated thereunder, as applicable to the respective SEC Documents, and, none of the SEC Documents, at the time they were filed or furnished, contained any untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. There are no contracts, agreements, arrangements, transactions or documents which are required to be described or disclosed in the SEC Documents or to be filed as exhibits to the SEC Documents which have not been so described, disclosed or filed.  Other than the information already filed or furnished with the SEC, Uxin is in compliance with the applicable listing and corporate governance rules and regulations of the Nasdaq Stock Market in all material respects. Uxin and its Affiliates have taken no action designed to, or reasonably likely to have the effect of, delisting the ADSs from the Nasdaq Stock Market, and Uxin will make reasonable efforts to keep the listing of ADSs on the Nasdaq Stock Market, provided that this undertaking will terminate automatically upon 58.com ceasing to hold any Converted Share or any ADS to which the Converted Shares converted. Other than the information already filed or furnished with the SEC, Uxin has not received any notification that the SEC or the Nasdaq Stock Market is contemplating 

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  suspending or terminating such listing (or the applicable registration under the Exchange Act related thereto). Uxin is in compliance with the Sarbanes-Oxley Act of 2002 in all material respects.

  (iii)No Material Adverse Effect.  Other than the information already filed or furnished with the SEC, since March 31, 2021, there has not been any events that would have a Material Adverse Effect.  As used herein, “Material Adverse Effect” shall mean any event, fact, circumstance or occurrence that, individually or in the aggregate with any other events, facts, circumstances or occurrences, results in or would reasonably be expected to result in a material adverse change in or a material adverse effect on any of (i) the financial condition, assets, liabilities, results of operations, business, or operations of Uxin and its subsidiaries, taken as a whole, except to the extent that any such Material Adverse Effect results from (x) the public disclosure of this Agreement or the transactions contemplated herein, (y) changes in generally accepted accounting principles that are generally applicable to comparable companies, or (z) changes in general economic and market conditions; or (ii) the ability of Uxin to timely perform its obligations under this Agreement.

  11.No Admissions.  This Agreement is a compromise and is executed solely for the purpose of resolving pending matters described herein.  This Agreement does not constitute an admission of liability by any Party.

  12.Miscellaneous.

  (a)No Assignment.  Neither this Agreement nor any rights or obligations hereunder may be assigned or otherwise transferred by any Uxin Party (including by operation of law) without the prior written consent of 58.com or by any 58.com Party (including by operation of law) without the prior written consent of Uxin, and any assignment or transfer without such consent shall be null and void and of no effect.  This Agreement shall inure to the benefit of, and be binding upon, the Parties and their respective successors and permitted assigns.

  (b)Entire Agreement.  This Agreement together with the CNPA, the 58.com Note, the BCA, the To B APA and the Loan Facilitation APA constitute the entire understanding and agreement between the respective Parties hereto with respect to the matters covered hereby, and supersede all prior agreements and understandings, oral or in writing, if any, between the Parties hereto with respect to such matters.

  (c)Governing Law; Third Party Rights; Arbitration.  This Agreement shall be governed and interpreted in accordance with the laws of the State of New York without giving effect to the conflicts of law principles thereof. Nothing in this Agreement, express or implied, is intended to confer upon any Person, other than the parties hereto and their respective permitted successors and assigns and transferees, any rights or remedies under or by reason of this Agreement, except as expressly provided in this Agreement. Any dispute arising out of or relating to this Agreement, including any question regarding its existence, validity or termination (“Dispute”) shall be referred to and finally resolved by arbitration at the Hong Kong International Arbitration Centre in 

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  accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules then in force. In the case of any Dispute, there shall be three arbitrators. The claimant(s) shall have the right to appoint one arbitrator, the respondent(s) shall have the right to appoint another arbitrator, and the third arbitrator shall be appointed by the Hong Kong International Arbitration Centre. The language to be used in the arbitration proceedings shall be English. The seat of arbitration shall be Hong Kong. Each of the parties hereto irrevocably waives any immunity to jurisdiction to which it may be entitled or become entitled (including without limitation sovereign immunity, immunity to pre-award attachment, post-award attachment or otherwise) in any arbitration proceedings and/or enforcement proceedings against it arising out of or based on this Agreement or the transactions contemplated hereby.

  (d)Amendment.  This Agreement shall not be amended, changed or modified, except by another agreement in writing executed by the parties hereto.

  (e)Notices.  All notices, requests, demands, and other communications required or permitted to be given by one party hereto to the other party hereto under this Agreement shall be in writing and shall be deemed to have been duly given (i) on the date of actual delivery if delivered personally, (ii) on the date sent if sent by facsimile, (iii) on the next Business Day following delivery to Federal Express for overnight courier service, or (iv) on the day of attempted delivery by the postal service if mailed by registered or certified mail, return receipt requested, postage paid, in each case as properly addressed or delivered as follows:

  		
	If to Uxin or any other Uxin Parties:
	Uxin Limited
1&3F, No. 12 Beitucheng East Road,
Chaoyang District, Beijing, 100029
People’s Republic of China
E-mail: [*]
Attn: [*]
 

	If to 58.com or any other 58.com Parties:
	58.com Holdings Inc.
Building 101
No. 10 Jiuxianqiao North Road Jia
Chaoyang District, Beijing, 100015
People’s Republic of China
E-mail: [*]
Attn: [*]
 

  Any Party hereto may change its address for purposes of this Section 12(e) by giving the other Parties written notice of the new address in the manner set forth above.

  (f)Fees and Expenses.  Each of the Parties shall pay its own expenses incurred in connection with the negotiation, preparation and execution of this Agreement and the transactions contemplated hereby.  58.com shall bear all the fees and expenses in connection with the conversion of the Converted Shares into ADSs.

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  (g)Confidentiality.  (i) Each Party shall keep in confidence, and shall not use (except for the purposes of the transactions contemplated hereby) or disclose, any non-public information disclosed to it or its Affiliates, representatives or agents in connection with this Agreement or the transactions contemplated hereby, other than to its directors, officers, employees, Affiliates, auditors, counsels, consultants and other advisors and representatives who have a need to know such information, and (ii) each Party shall ensure that its Affiliates, representatives and agents keep in confidence, and do not use (except for the purposes of the transactions contemplated hereby) or disclose, any such non-public information, provided that nothing in this Agreement shall restrict any Party from disclosing information (A) that is already publicly available not as a result of a breach of this section, or (B) that may be required by applicable law.

  (h)Specific Performance.  The parties hereto agree that irreparable damage would occur in the event any provision of this Agreement were not performed in accordance with the terms hereof and that the parties hereto shall be entitled to specific performance of the terms hereof, in addition to any other remedy at law or in equity.

  (i)Headings.  The headings of the various articles and sections of this Agreement are inserted merely for the purpose of convenience and do not expressly or by implication limit, define or extend the specific terms of the article or section so designated.

  (j)Execution in Counterparts.  This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, and all of which together shall constitute but one and the same instrument.

  [Remainder of Page Intentionally Left Blank]

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  IN WITNESS WHEREOF, the Parties have executed this Framework Agreement as of the date first written above.

  Uxin Limited

   

  By: /s/ Kun Dai	         

  Name: Kun Dai

  Title: Authorized signatory

   

   

  /s/ Kun Dai	   

  Name: Kun Dai

   

   

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  IN WITNESS WHEREOF, the Parties have executed this Framework Agreement as of the date first written above.

  Kai Feng Finance Lease (Hangzhou) Co., Ltd.

   

  [Company seal is affixed]

   

  By: /s/ Zhen Zeng	         

  Name: Zhen Zeng

  Title: Authorized signatory

   

  Youqin (Shaanxi) Automobile Manufacturing Co., Ltd.

   

  [Company seal is affixed]

   

  By: /s/ Qi Jin	         

  Name: Qi Jin

  Title: Authorized signatory

   

  Youxin (Shanghai) Used Car Business Co., Ltd.

   

  [Company seal is affixed]

   

  By: /s/ Qi Jin	         

  Name: Qi Jin

  Title: Authorized signatory

   

  Boyu Finance Lease (Tianjin) Co., Ltd.

   

  [Company seal is affixed]

   

  By: /s/ Zhen Zeng	         

  Name: Zhen Zeng

  Title: Authorized signatory

   

   

   

   

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  IN WITNESS WHEREOF, the Parties have executed this Framework Agreement as of the date first written above.

  Shenzhen Youxin Pengda Used Car Brokerage Co., Ltd.

   

  [Company seal is affixed]

   

  By: /s/ Yong Liu	         

  Name: Yong Liu

  Title: Authorized signatory

   

  Chebole (Beijing) Information Technology Co., Ltd.

   

  [Company seal is affixed]

   

  By: /s/ Zhen Zeng	         

  Name: Zhen Zeng

  Title: Authorized signatory

   

  Youfang (Beijing) Information Technology Co., Ltd.

   

  [Company seal is affixed]

   

  By: /s/ Zhen Zeng	         

  Name: Zhen Zeng

  Title: Authorized signatory

   

  Youxin (Shaanxi) Information Technology Group Co., Ltd.

   

  [Company seal is affixed]

   

  By: /s/ Zhen Zeng	         

  Name: Zhen Zeng

  Title: Authorized signatory

   

   

   

   

   

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  IN WITNESS WHEREOF, the Parties have executed this Framework Agreement as of the date first written above.

  UcarEase Holding Limited

   

  By: /s/ Kun Dai	         

  Name: Kun Dai

  Title: Authorized signatory

   

  GloryFin International Group Holding Company Limited

   

   

  By: /s/ Authorized signatory	         

  Name: Authorized signatory

  Title: Authorized signatory

   

  HONGKONG QUEEN’S TECHNOLOGY CO., LIMITED

   

   

  By: /s/ Kun Dai	         

  Name: Kun Dai

  Title: Authorized signatory

   

  Shenzhen Chunxin Baoye Co., Ltd.

   

   

  By: /s/ Kun Dai	         

  Name: Kun Dai

  Title: Authorized signatory

   

   

   

   DOCPROPERTY DPWPathText \* MERGEFORMAT #38117180v13	

  

  IN WITNESS WHEREOF, the Parties have executed this Framework Agreement as of the date first written above.

  Xi’an Youxin Pengjia Used Car Brokerage Co., Ltd.

   

  [Company seal is affixed]

   

  By: /s/ Authorized signatory	         

  Name: Authorized signatory

  Title: Authorized signatory

   

  Youyuan (Beijing) Information Technology Co., Ltd.

   

  [Company seal is affixed]

   

  By: /s/ Zhen Zeng	         

  Name: Zhen Zeng

  Title: Authorized signatory

   

  Youxinpai (Beijing) Information Technology Co., Ltd.

   

  [Company seal is affixed]

   

  By: /s/ Zhen Zeng	         

  Name: Zhen Zeng

  Title: Authorized signatory

   

  Youxin Internet (Beijing) Information Technology Co., Ltd.

   

  [Company seal is affixed]

   

  By: /s/ Zhen Zeng	         

  Name: Zhen Zeng

  Title: Authorized signatory

   

   

   

   DOCPROPERTY DPWPathText \* MERGEFORMAT #38117180v13	

  

  IN WITNESS WHEREOF, the Parties have executed this Framework Agreement as of the date first written above.

  Yougu (Shanghai) Information Technology Co., Ltd.

   

  [Company seal is affixed]

   

  By: /s/ Zhen Zeng	         

  Name: Zhen Zeng

  Title: Authorized signatory

   

  Shanghai Youhan Information Technology Co., Ltd.

   

  [Company seal is affixed]

   

  By: /s/ Zhen Zeng	         

  Name: Zhen Zeng

  Title: Authorized signatory

   

  Shenzhen Youxin Pengcheng Used Car Trading Market Co., Ltd.

   

  [Company seal is affixed]

   

  By: /s/ Qi Jin	         

  Name: Qi Jin

  Title: Authorized signatory

   

  Youxin Shuxiang (Beijing) Information Technology Co., Ltd.

   

  [Company seal is affixed]

   

  By: /s/ Chengbin Li	         

  Name: Chengbin Li

  Title: Authorized signatory

   

   

   

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  IN WITNESS WHEREOF, the Parties have executed this Framework Agreement as of the date first written above.

  Youxin Yishouche (Beijing) Information Technology Co., Ltd.

   

  [Company seal is affixed]

   

  By: /s/ Zhen Zeng	         

  Name: Zhen Zeng

  Title: Authorized signatory

   

  Youzhen (Beijing) Business Consulting Co., Ltd.

   

  [Company seal is affixed]

   

  By: /s/ Zhen Zeng	         

  Name: Zhen Zeng

  Title: Authorized signatory

   

  Beijing Youxin Ruida Asset Management Co., Ltd.

   

  [Company seal is affixed]

   

  By: /s/ Zhen Zeng	         

  Name: Zhen Zeng

  Title: Authorized signatory

   

  Fujian Youxing Technology Co., Ltd.

   

  [Company seal is affixed]

   

  By: /s/ Zhen Zeng	         

  Name: Zhen Zeng

  Title: Authorized signatory

   

   

   

   

   

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  IN WITNESS WHEREOF, the Parties have executed this Framework Agreement as of the date first written above.

  58.com Holdings Inc.

   

   

  By: /s/ Jinbo Yao	         

  Name: Jinbo Yao

  Title: Authorized signatory

   

   

   

   

   

   

   DOCPROPERTY DPWPathText \* MERGEFORMAT #38117180v13	

  

  IN WITNESS WHEREOF, the Parties have executed this Framework Agreement as of the date first written above.

  Golden Pacer

   

   

  By: /s/ Jinbo Yao	         

  Name: Jinbo Yao

  Title: Authorized signatory

   

   

   DOCPROPERTY DPWPathText \* MERGEFORMAT #38117180v13	

  

  IN WITNESS WHEREOF, the Parties have executed this Framework Agreement as of the date first written above.

  北京五八信息技术有限公司

   

  [Company seal is affixed]

   

  By: /s/ Jinbo Yao	         

  Name: Jinbo Yao

  Title: Authorized signatory

   

  五八同城信息技术有限公司

   

  [Company seal is affixed]

   

  By: /s/ Di Hu	         

  Name: Di Hu

  Title: Authorized signatory

   

   

  北京五八拍拍信息技术有限公司

   

  [Company seal is affixed]

   

  By: /s/ Di Hu	         

  Name: Di Hu

  Title: Authorized signatory

   

   

   DOCPROPERTY DPWPathText \* MERGEFORMAT #38117180v13	

  

  IN WITNESS WHEREOF, the Parties have executed this Framework Agreement as of the date first written above.

  天津五八融鑫信息技术有限公司

   

  [Company seal is affixed]

   

  By: /s/ Ligang Chang	         

  Name: Ligang Chang

  Title: Authorized signatory

   

  天津五八金服有限公司

   

  [Company seal is affixed]

   

  By: /s/ Jinbo Yao	         

  Name: Jinbo Yao

  Title: Authorized signatory

   

   

  伍捌(深圳)融资租赁有限公司

   

  [Company seal is affixed]

   

  By: /s/ Fudong Zhou	         

  Name: Fudong Zhou

  Title: Authorized signatory

   

  北京五八满鑫信息技术有限公司

   

  [Company seal is affixed]

   

  By: /s/ Ligang Chang	         

  Name: Ligang Chang

  Title: Authorized signatory

   

   

   

   

   

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  Schedule A
Uxin Entities

  [*]

    

   

   

   

   DOCPROPERTY DPWPathText \* MERGEFORMAT #38117180v13	

  

  Schedule B
58.com Entities

  [*]

   

   

   

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  Schedule C
To B APA Amendments

   

  1.The Supplementary Agreement to the Asset and Business Transfer Agreement (资产与业务转让协议之补充协议) dated as of April 14, 2020.

   

   

   

   

   

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  Schedule D
Loan Facilitation APA Amendments

   

  1.The Supplementary Agreement to Asset Transfer Agreement (资产转让协议之补充协议) dated as of April 23, 2020, regarding adjustment of payments under the Asset Transfer Agreement (资产转让协议);

  2.The Supplementary Agreement to Asset Transfer Agreement (资产转让协议之补充协议) dated as of April 23, 2020, regarding adjustment of target assets under the Asset Transfer Agreement (资产转让协议);

  3.The Supplementary Agreement to Asset Transfer Agreement (资产转让协议之补充协议) dated as of March 24, 2020;

  4.The Supplementary Agreement to Asset Transfer Agreement (资产转让协议之补充协议) dated as of April 13, 2020, regarding the deposit payable (RMB14,745,265.12) under the Asset Transfer Agreement (资产转让协议之补充协议) and the Assignment and Assumption Agreement (权利义务转让协议书);

  5.The Supplementary Agreement to Asset Transfer Agreement (资产转让协议之补充协议) dated as of April 13, 2020, regarding the payment payable (RMB10,714,887.44) under the Asset Transfer Agreement (资产转让协议之补充协议) and the Assignment and Assumption Agreement (权利义务转让协议书)

   

   

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