Document:

Exhibit 10.8

 

关于《独家业务合作协议》、《独家购买权合同》、《股权质押协议》、《按期申报协议》、《授权委托书》之终止协议

 

本终止协议(“本协议”)由以下双方于2018年11月8日在北京朝阳签署:

 

		(1)	天行皓车(北京)科技有限公司(下称“天行皓车”),一家中国设立的外商独资企业,地址为北京市朝阳区清河营东路2号院2号楼15层1522号;

 

		(2)	北京有教科技有限公司(下称“北京有教”),一家依照中国法律设立和存在的公司,地址为北京市密云区太师屯镇永安街镇政府办公楼415-2351;

 

鉴于:

 

		(1)	2018年6月15日,各方签署了《独家业务合作协议》、《独家购买权合同》、《股权质押协议》、《按期申报协议》、《授权委托书》等相关文件(“VIE协议”)。

 

		(2)	各方拟终止投资协议的履行。

 

经协商一致,各方同意签署本协议:

 

		1.	VIE协议终止

 

		1.1	VIE协议全部终止;

 

		1.2	各方不再对对方负有任何权力和义务,未执行的条款不再执行。

 

		2.	协议生效

 

		2.1	本协议自签署之日起,对签署各方产生约束力;

 

		2.2	天行皓车需在本协议签订之日起3日内,向北京有教支付回购款0元。

 

		2.3	本协议自北京有教收到回购款之时,即刻生效。

 

		3.	保密

 

		3.1	未经对方书面许可,任何一方不得向第三方(有关法律、法规、政府部门、证券交易所或其它监管机构要求和甲乙双方的法律、会计、商业及其它顾问、授权雇员除外)泄露本协议的条款的任何内容以及本协议的签订及履行情况,以及通过签订和履行本协议而获知的对方及对方关联公司的任何信息。但是为了境外交易之目的,将本协议披露给本次境外交易的其他投资者除外。

 

		3.2	本协议有效期内及终止后2年内,本保密条款仍具有法律效力。

 

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		4.	违约责任

 

		4.1	违约赔偿。任何一方违反本协议的约定,在收到守约方通知后30个工作日内违约状况仍未改变的,违约方应当赔偿因其违约行为给守约方造成的一切损失、损害、责任、成本或支出,包括但不限于合理的诉讼/仲裁费用、公证费和律师费。

 

		4.2	本协议规定的权利和救济是累积的,并不排斥法律规定的其他权利或者救济。本协议所规定各方的义务是特殊、特定、且非一般性的,因此在任何一方违约时,损害赔偿如不足以弥补损失,非违约方有权要求违约方实际履行。

 

		5.	不可抗力

 

		5.1	不可抗力是指协议各方不能合理控制、不可预见或即使预见亦无法避免的事件,该事件妨碍、影响或延误任何一方根据协议履行其全部或部分义务。该事件包括但不限于政府行为、自然灾害、战争或任何其它类似事件。

 

		5.2	出现不可抗力事件时,知情方应及时、充分地向对方以书面形式发通知,并告知对方该类事件对本协议可能产生的影响,并应当在合理期限内提供相关证明。

 

		5.3	由于以上所述不可抗力事件致使协议的部分或全部不能履行或延迟履行,则协议各方于彼此间不承担任何违约责任。

 

		6.	适用法律及争议解决

 

		6.1	以中华人民共和国法律为本协议的适用法律。

 

		6.2	如果协议各方因本协议或本协议的任何条款的解释或执行而发生争议、索赔或争端(以下总称“争议”),协议各方应一秉善意,及时进行友好协商,以尽量合乎双方意图和目的的方式来解决争议。如果各方无法在三十天内解决此种争议,应将该争端提交仲裁,该种仲裁应当提交北京仲裁委员会根据其现行有效的仲裁规则进行裁决,仲裁裁决具有最终和排它的约束力。

 

		7.	其他

 

		7.1	本协议由各方签字方为有效。

 

		7.2	本协议的任何一方未能及时行使本协议项下的权利不应被视为放弃该权利,也不影响该方在将来行使该权利。

 

		7.3	如果本协议中的任何条款无论因何种原因完全或部分无效或不具有执行力,或违反任何适用的法律,则该条款被视为删除,但本协议的其余条款仍应有效并且有约束力。

 

		7.4	本协议未尽事宜由协议各方友好协商后,以书面形式加以补充,该补充协议与本协议具有同等法律效力。

 

		7.5	本协议附件为本协议不可分割的一部分,与本协议有同等法律效力。

 

		7.6	本协议一式两份,协议各方各持壹份,具有同等法律效力。

 

(本行以下无正文)

 

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	本页无正文,为《终止协议》之签字页	 
	 	 
	天行皓车(北京)科技有限公司	 
	 	 	 
	授权代表:	/s/ Jialin Cui	 
	 	 	 
	北京有教科技有限公司	 
	 	 	 
	授权代表:	/s/ Aizhen Li	 

 

终止协议签字页Exhibit 10.9

 

EMPLOYMENT AGREEMENT

 

This EMPLOYMENT AGREEMENT
(the “Agreement”), is entered into as of November 15, 2018 (the “Effective Date”), by and
between China Commercial Credit, Inc., incorporated under the laws of the State of Delaware (the “Company”),
and Jiaxi Gao, an individual (the “Executive”). Except with respect to the direct employment of the Executive
by the Company, the term “Company” as used herein with respect to all obligations of the Executive hereunder shall
be deemed to include the Company and all of its subsidiaries and affiliated entities (collectively, the “Group”).

 

RECITALS

 

A. The Company desires to employ the Executive
as its Chief Executive Officer and President and to assure itself of the services of the Executive during the term of Employment
(as defined below).

 

B. The Executive desires to be employed
by the Company as its Chief Executive Officer and President during the term of Employment and upon the terms and conditions of
this Agreement.

 

AGREEMENT

 

The parties hereto agree as follows:

 

	1.	POSITION

 

		The Executive hereby accepts a position of Chief Executive Officer and President (the “Employment”) of the
Company.

 

	2.	TERM

 

	 	Subject to the terms and conditions of this Agreement, the initial term of the Employment shall be two years commencing on the Effective Date, unless terminated earlier pursuant to the terms of this Agreement. The Employment will be renewed automatically for additional one-year terms if neither the Company nor the Executive provides a notice of termination of the Employment to the other party or otherwise proposes to re-negotiate the terms of the Employment with the other party within three months prior to the expiration of the applicable term.

 

	3.	DUTIES AND RESPONSIBILITIES

 

	 	(a)	The Executive’s duties at the Company will include all jobs assigned by the Company’s Board of the Directors (the “Board”).

 

	 	(b)	The Executive shall devote all of his working time, attention and skills to the performance of his duties at the Company and shall faithfully and diligently serve the Company in accordance with this Agreement, the Certificate of Incorporation and Bylaws of the Company, as amended and restated from time to time (the “Charter Documents”), and the guidelines, policies and procedures of the Company approved from time to time by the Board.

 

	 	(c)	
        The Executive shall use his best
efforts to perform his duties hereunder. The Executive shall not, without the prior written consent of the Board, become an employee
of any entity other than the Company and any subsidiary or affiliate of the Company, and shall not be concerned or interested
in any business or entity that engages in the same business in which the Company engages (any such business or entity, a “Competitor”),
provided that nothing in this clause shall preclude the Executive from holding any shares or other securities of any Competitor
that is listed on any securities exchange or recognized securities market anywhere if such shares or securities represent less
than 5% of the competitors outstanding shares and securities. The Executive shall notify the Company in writing of his interest
in such shares or securities in a timely manner and with such details and particulars as the Company may reasonably require 

 

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	4.	NO BREACH OF CONTRACT

 

 The Executive
hereby represents to the Company that: (i) the execution and delivery of this Agreement by the Executive and the performance
by the Executive of the Executive’s duties hereunder shall not constitute a breach of, or otherwise contravene, the terms
of any other agreement or policy to which the Executive is a party or otherwise bound, except for agreements entered into by and
between the Executive and any member of the Group pursuant to applicable law, if any; (ii) that the Executive has no information
(including, without limitation, confidential information and trade secrets) relating to any other person or entity which would
prevent, or be violated by, the Executive entering into this Agreement or carrying out his duties hereunder; (iii) that the
Executive is not bound by any confidentiality, trade secret or similar agreement (other than this) with any other person or entity
except for other member(s) of the Group, as the case may be.

 

	5.	Intentionally
Ommitted

  

	6.	COMPENSATION AND BENEFITS

 

	 	(a)	Base Salary. The Executive’s initial base salary shall be 800,000 restricted shares of common stock the Company for the fiscal year 2019, payable in quarterly installments. The Executive’s compensation is subject to annual review and adjustment by the Board.

 

	 	(b)	Bonus. The Executive shall be eligible for Bonuses determined by the Board.

 

	 	(c)	Equity Incentives. To the extent the Company adopts and maintains a share incentive plan, the Executive will be eligible to participate in such plan pursuant to the terms thereof as determined by the Board.

 

	 	(d)	Benefits. The Executive is eligible for participation in any standard employee benefit plan of the Company that currently exists or may be adopted by the Company in the future, including, but not limited to, any retirement plan, life insurance plan, health insurance plan and travel/holiday plan.

 

	 	(e)	Expenses. The Executive shall be entitled to reimbursement by the Company for all reasonable ordinary and necessary travel and other expenses incurred by the Executive in the performance of his duties under this Agreement; provided that he properly accounts for such expenses in accordance with the Company’s policies and procedures.

 

	7.	TERMINATION OF THE AGREEMENT

 

	 	(a)	By the Company.

 

(i) For Cause.
The Company may terminate the Employment for cause, at any time, without notice or remuneration (unless notice or remuneration
is specifically required by applicable law, in which case notice or remuneration will be provided in accordance with applicable
law), if:

 

(1) the Executive is convicted
or pleads guilty to a felony or to an act of fraud, misappropriation or embezzlement,

 

(2) the Executive has been grossly
negligent or acted dishonestly to the detriment of the Company,

 

(3) the Executive has engaged
in actions amounting to willful misconduct or failed to perform his duties hereunder and such failure continues after the Executive
is afforded a reasonable opportunity to cure such failure; or

 

(4) the Executive violates Section
8 or 10 of this Agreement.

 

Upon termination for cause, the
Executive shall be entitled to the amount of base salary earned and not paid prior to termination. However, the Executive will
not be entitled to receive payment of any severance benefits or other amounts by reason of the termination, and the Executive’s
right to all other benefits will terminate, except as required by any applicable law.

 

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(ii) For death
and disability. The Company may also terminate the Employment, at any time, without notice or remuneration (unless notice or
remuneration is specifically required by applicable law, in which case notice or remuneration will be provided in accordance with
applicable law), if:

 

(1) the Executive has died, or

 

(2) the Executive has a disability
which shall mean a physical or mental impairment which, as reasonably determined by the Board, renders the Executive unable to
perform the essential functions of his employment with the Company, with or without reasonable accommodation, for more than 120
days in any 12-month period, unless a longer period is required by applicable law, in which case that longer period would apply.

 

Upon termination for death or
disability, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination. However, the
Executive will not be entitled to receive payment of any severance benefits or other amounts by reason of the termination, and
the Executive’s right to all other benefits will terminate, except as required by any applicable law.

 

(iii) Without
Cause. The Company may terminate the Employment without cause, at any time, upon one-month prior written notice. Upon termination
without cause, the Company shall provide the following severance payments and benefits to the Executive: (1) a lump sum cash
payment equal to1 months of the Executive’s base salary as of the date of such termination; (2) a lump sum cash payment
equal to a pro-rated amount of his target annual bonus for the year immediately preceding the termination, if any; (3) payment
of premiums for continued health benefits under the Company’s health plans for 12 months fo1lowing the termination, if any;
and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive.

 

Upon termination without, the
Executive shall be entitled to the amount of base salary earned and not paid prior to termination.

 

(iv) Change of Control
Transaction. If the Company or its successor terminates the Employment upon a merger, consolidation, or transfer or sale of
all or substantially all of the assets of the Company with or to any other individual(s) or entity (the “Change of Control
Transaction”), the Executive shall be entitled to the following severance payments and benefits upon such termination:
(1) a lump sum cash payment equal to 1  months of the Executive’s base salary at a rate equal to the greater of
his/her annual salary in effect immediate1y prior to the termination, or his/her then current annua1 salary as of the date of such
termination; (2) a lump sum cash payment equal to a pro-rated amount of his/her target annual bonus for the year immediately
preceding the termination; (3) payment of premiums for continued health benefits under the Company’s health plans for
12 months fo1lowing the termination; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity
awards held by the Executive.

 

	 	(b)	By the Executive. The Executive may terminate the Employment at any time with a one-month prior written notice to the Company, if (1) there is a material reduction in the Executive’s authority, duties and responsibilities, or (2) there is a material reduction in the Executive’s annual salary. Upon the Executive’s termination of the Employment due to either of the above reasons, the Company shall provide compensation to the Executive equivalent to 1 months of the Executive’s base salary that he is entitled to immediately prior to such termination. In addition, the Executive may resign prior to the expiration of the Agreement if such resignation is approved by the Board or an alternative arrangement with respect to the Employment is agreed to by the Board.

 

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

 

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	8.	CONFIDENTIALITY AND NON-DISCLOSURE

 

	 	(a)	Confidentiality and Non-disclosure. The Executive hereby agrees at all times during the term of the Employment and after his termination, to hold in the strictest confidence, and not to use, except for the benefit of the Company, or to disclose to any person, corporation or other entity without prior written consent of the Company, any Confidential Information. The Executive understands that “Confidential Information” means any proprietary or confidential information of the Company, its affiliates, or their respective clients, customers or partners, including, without limitation, technical data, trade secrets, research and development information, product plans, services, customer lists and customers, supplier lists and suppliers, software developments, inventions, processes, formulas, technology, designs, hardware configuration information, personnel information, marketing, finances, information about the suppliers, joint ventures, franchisees, distributors and other persons with whom the Company does business, information regarding the skills and compensation of other employees of the Company or other business information disclosed to the Executive by or obtained by the Executive from the Company, its affiliates, or their respective clients, customers or partners, either directly or indirectly, in writing, orally or otherwise, if specifically indicated to be confidential or reasonably expected to be confidential. Notwithstanding the foregoing, Confidential Information shall not include information that is generally available and known to the public through no fault of the Executive.

 

	 	(b)	Company Property. The Executive understands that all documents (including computer records, facsimile and e-mail) and materials created, received or transmitted in connection with his work or using the facilities of the Company are property of the Company and subject to inspection by the Company at any time. Upon termination of the Executive’s employment with the Company (or at any other time when requested by the Company), the Executive will promptly deliver to the Company all documents and materials of any nature pertaining to his work with the Company and will provide written certification of his compliance with this Agreement. Under no circumstances will the Executive have, following his   termination, in his possession any property of the Company, or any documents or materials or copies thereof containing any Confidential Information.

 

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

 

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

 

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

 

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	9.	CONFLICTING EMPLOYMENT.

 

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

 

	10.	NON-COMPETITION AND NON-SOLICITATION

 

 In consideration
of the salary paid to the Executive by the Company and subject to applicable law, the Executive agrees that during the term of
the Employment and for a period of one (1) year following the termination of the Employment for whatever reason:

 

	 	(a)	The Executive will not approach clients, customers or contacts of the Company or other persons or entities introduced to the Executive in the Executive’s capacity as a representative of the Company for the purposes of doing business with such persons or entities which will harm the business relationship between the Company and such persons and/or entities;

 

	 	(b)	The Executive will not assume employment with or provide services as a director or otherwise for any Competitor, or engage, whether as principal, partner, licensor or otherwise, in any Competitor; and

 

	 	(c)	The Executive will not seek, directly or indirectly, by the offer of alternative employment or other inducement whatsoever, to solicit the services of any employee of the Company employed as at or after the date of such termination, or in the year preceding such termination.

 

 The provisions contained
in Section 10 are considered reasonable by the Executive and the Company. In the event that any such provisions should be
found to be void under applicable laws but would be valid if some part thereof was deleted or the period or area of application
reduced, such provisions shall apply with such modification as may be necessary to make them valid and effective.

 

 This Section 10 shall
survive the termination of this Agreement for any reason. In the event the Executive breaches this Section 10, the Executive acknowledges
that there will be no adequate remedy at law, and the Company shall be entitled to injunctive relief and/or a decree for specific
performance, and such other relief as may be proper (including monetary damages if appropriate). In any event, the Company shall
have right to seek all remedies permissible under applicable law.

 

	11.	WITHHOLDING TAXES

 

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

 

	12.	ASSIGNMENT

 

 This Agreement is personal
in its nature and neither of the parties hereto shall, without the consent of the other, assign or transfer this Agreement or any
rights or obligations hereunder; provided, however, that (i) the Company may assign or transfer this Agreement or any rights
or obligations hereunder to any member of the Group without such consent, and (ii) in the event of a Change of Control Transaction,
this Agreement shall, subject to the provisions hereof, be binding upon and inure to the benefit of such successor and such successor
shall discharge and perform all the promises, covenants, duties, and obligations of the Company hereunder.

 

	13.	SEVERABILITY

 

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

 

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	14.	ENTIRE AGREEMENT

 

 This Agreement constitutes
the entire agreement and understanding between the Executive and the Company regarding the terms of the Employment and supersedes
all prior or contemporaneous oral or written agreements concerning such subject matter, including any prior agreements between
the Executive and a member of the Group. The Executive acknowledges that he or she has not entered into this Agreement in reliance
upon any representation, warranty or undertaking which is not set forth in this Agreement. Any amendment to this Agreement must
be in writing and signed by the Executive and the Company.

 

	15.	GOVERNING LAW; JURISDICTION

 

 This Agreement shall
be governed by and construed in accordance with the laws of the State of Delaware and each of the parties irrevocably consents
to the jurisdiction and venue of the federal and state courts located in Delaware.

 

	16.	AMENDMENT

 

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

 

	17.	WAIVER

 

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

 

	18.	NOTICES

 

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

 

	19.	COUNTERPARTS

 

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

 

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

 

	20.	NO INTERPRETATION AGAINST DRAFTER

 

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

 

[Remainder of this page has been intentionally
left blank.]

 

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

 

	 	China Commercial Credit, Inc.
	 	 	 
	 	By:	/s/ Long Yi
	 	Name:	Long Yi  
	 	Title:	Chief Financial Officer    

 

	 	Executive
	 	 	 
	 	Signature: 	/s/ Jiaxi Gao
	 	Name:	Jiaxi Gao

 

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