Document:

Exhibit 10.12

 

Equity Pledge Agreement

 

This Equity Pledge Agreement (hereinafter referred to as this “Agreement”) was signed by the following parties on 2 August 2019 in Beijing, the People’s Republic of China (hereinafter referred to as “PRC” or “China”).

 

Party A:

 

[Beijing Dake Information Technology Co. Ltd.] (北京大氪信息科技有限公司), a limited liability company established and existing under the laws of China, with its address at the 6th floor (06) 601-1, Building 1, No. 10, Chaoyang Park South Road, Chaoyang District, Beijing; (“Pledgee”)

 

Party B:

 

1.                                [Beijing Xieli Zhucheng Financial Information Services Co. Ltd.] (北京协力筑成金融信息服务股份有限公司) (hereinafter referred to as “Xieli Zhucheng”), a limited liability company established and existing under the laws of China, with its address at No. 3002, 3rd Floor, No. 39 West Street, Haidian District, Beijing;

 

2.                                [Tianjin Zhanggongzi Technology Partnership (Limited Partnership)] (天津张公子科技合伙企业(有限合伙)), a limited partnership established and existing under the laws of China, with its address at 1102-072, 11th Floor, Block G1, TEDA MSD, Second Avenue, Tianjin Economic-Technological Development Area;

 

3.                                [Shenzhen Guohong No.2 Enterprise Management Partnership (Limited Partnership)] (深圳国宏贰号企业管理合伙企业(有限合伙)), a limited partnership established and existing under the laws of China, with its address at 18D, Tairan Jinsong Building, Tairan Avenue East, Shatou Street, Futian District, Shenzhen;

 

4.                                [Ningbo Meishan Bonded Port Area Tianhong Luheng Investment Management Partnership (Limited Partnership)] (宁波梅山保税港区天弘绿珩投资管理合伙企业(有限合伙)), a limited partnership established and existing under the laws of China, with its address at Room 1284, Office Building 18, Business Center, Meishan Avenue, Beilun District, Ningbo, Zhejiang;

 

5.                                [Gongqingcheng Fenzhong Chuangxiang Information Technology Co. Ltd.] (共青城分众创享信息技术有限公司), a limited liability company established and existing under the laws of China, with its address at Private Equity Fund Park, Gongqingcheng, Jiujiang, Jiangxi;

 

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6.                                [Suzhou Industrial Park Gebi Yinghe Venture Capital Partnership (Limited Partnership)] (苏州工业园区戈壁赢合创业投资合伙企业(有限合伙)), a limited partnership established and existing under the laws of China, with its address at Room 240, Building 19, No. 183 Suhong East Road, Suzhou Industrial Park;

 

7.                                [Beijing Wentou Huyu Investment Co. Ltd.] (北京文投互娱投资有限责任公司), a limited liability company established and existing under the laws of China, with its address at Room 303, 3rd Floor, Building 56, No. 2 Jingyuan North Street, Beijing Economic and Technological Development Zone, Beijing;

 

8.                                [Beijing Gebi Lvzhou Angel Investment Center (Limited Partnership)] (北京戈壁绿洲天使投资中心(有限合伙)), a limited partnership established and existing under the laws of China, with its address at Room 5430, Shenchang Building, No. 51 Zhichun Road, Haidian District, Beijing;

 

9.                                [Wuhan Feixiang Automotive Electronics Industry Investment Partnership (Limited Partnership)] (武汉斐翔汽车电子产业投资合伙企业(有限合伙)), a limited partnership established and existing under the laws of China, with its address at No. 235, 2nd Floor, Building No. 1 (D1), Phase 1, [Optoelectronics Supporting Industrial Park], No. 117 Zuoling Road, Zuoling Town, [Donghu New Technology Development Zone], Wuhan (the Wuhan area of the Free Trade Zone).

 

(The above are collectively referred to as “Party B” or the “Pledgors”)

 

Party C:

 

[Beijing Duoke Information Technology Co. Ltd.] (北京多氪信息科技有限公司), a limited liability company established and existing under the laws of China, with its address at No. 3003, 3rd Floor, No. 39 West Street, Haidian District, Beijing.

 

In this Agreement, the Pledgee, the Pledgor and Party C are hereinafter individually referred to as a “Party” and are collectively referred to as the “Parties”.

 

Whereas:

 

1.                                On the signing date of this Agreement, Xieli Zhucheng holds 66.116% of the equity interest of Party C, which represent RMB8.000032 million of the registered capital of Party C; Party B holds 33.884% of the equity interest of Party C in addition to those of Xieli Zhucheng, which represent RMB4.099962 million of the registered capital of Party C. Party C is a limited liability company incorporated in Beijing, China, that focuses on new businesses, new economies and providing related services. Party C intends to hereby confirm the rights and obligations of the Pledgors and the Pledgee under this Agreement and provide the necessary assistance in registering the Pledge;

 

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2.                                The Pledgee is a wholly foreign-owned enterprise registered in China. The Pledgee signed an Exclusive Business Cooperation Agreement (as defined below) with Party C, owned by the Pledgors, in Beijing; the Pledgee has signed an Exclusive Option Agreement with the Pledgors and Party C (as defined below); the Pledgors have signed a Power of Attorney that give the authority to the Pledgee (as defined below);

 

3.                                In order to ensure that Party C and the Pledgors perform their obligations under the Exclusive Business Cooperation Agreement, the Exclusive Option Agreement and the Power of Attorney, the Pledgors hereby pledge all of the equity interest it holds in Party C as security for the performance of the obligations under the Exclusive Business Cooperation Agreement, the Exclusive Option Agreement and the Power of Attorney by Party C and the Pledgors.

 

In order to fulfill the terms of the Transaction Documents, the Parties agree to enter into this Agreement in accordance with the following terms.

 

1.                                Definitions

 

Unless otherwise provided herein, the terms below shall have the following meanings:

 

1.1                         Pledge: shall refer to the security interest granted by the Pledgors to the Pledgee pursuant to Section 2 of this Agreement, i.e., the right of the Pledgee to be compensated on a preferential basis with the conversion, auction or sales price of the pledged Equity Interest.

 

1.2                         Equity Interest: shall refer to all of the equity interest in Party C now lawfully held and hereafter acquired by the Pledgors.

 

1.3                         Term of Pledge: shall refer to the term set forth in Section 3 of this Agreement.

 

1.4                         Transaction Documents: shall refer to the Exclusive Business Cooperation Agreement (the “Exclusive Business Cooperation Agreement”) signed, amended and restated by Party C and the Pledgee on 2 August, 2019; the Exclusive Option Agreement (the “Exclusive Option Agreement”) signed by the Pledgors, the Pledgee and Party C on 2 August, 2019; and the Power of Attorney (the “Power of Attorney”) signed by the Pledgors on 2 August, 2019, and any modification, amendment, and/or restatement of the aforementioned documents.

 

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1.5                         Contractual Obligations: shall refer to all the obligations of Pledgors under the Exclusive Option Agreement, the Power of Attorney, and this Agreement; and all the obligations of Party C under the Exclusive Business Cooperation Agreement, the Exclusive Option Agreement, and this Agreement.

 

1.6                         Secured Indebtedness: shall refer to all the direct, indirect, and derivative losses and losses of anticipatable benefits suffered by the Pledgee, incurred as a result of any Event of Default on the part of the Pledgors and/or Party C, or invalidity, revocation and termination of any Transaction Document. The amount of such loss shall be calculated in accordance with but not limited to the reasonable business plans and profit forecasts of the Pledgee, service fees payable by Party C under the Exclusive Business Cooperation Agreement, damages and relevant fees, and all expenses incurred by the Pledgee in connection with enforcement for the Pledgors’ and/or Party C’s performance of their Contractual Obligations, etc.

 

1.7                         Event of Default: shall refer to any of the circumstances set forth in Section 7 of this Agreement.

 

1.8                         Notice of Default: shall refer to the notice issued by the Pledgee in accordance with this Agreement declaring an Event of Default.

 

2.                                Pledge

 

2.1                         The Pledgors hereby agrees to pledge the Equity Interest as security for the performance of the Contractual Obligations and repayment of the Secured Indebtedness pursuant to this Agreement. Party C hereby agrees that the Pledgors pledges the Equity Interest to the Pledgee pursuant to this Agreement.

 

2.2                         The effect of the security under this Agreement shall not be affected in any way due to any modification or change of the Transaction Documents. The security under this Agreement shall remain effective upon the obligations of the Pledgors and Party C under the revised Transaction Documents. If any Transaction Document becomes invalid, revoked or terminated for any reason, the Pledgee shall be entitled to immediately exercise the Pledge in accordance with Article 8 of this Agreement.

 

2.3                         During the term of the Pledge, the Pledgee is entitled to receive bonus or dividends distributed on the Equity Interest. The Pledgors may receive dividends or bonus distributed on the Equity Interest only with prior written consent of the Pledgee. Dividends or bonuses received by Pledgors on Equity Interest after deduction of individual income tax paid by the Pledgors shall be, as required by the Pledgee, (1) deposited into an account designated and supervised by the Pledgee and used to secure the Contractual Obligations and repay the Secured Indebtedness prior and in preference to making any other payment; or (2) unconditionally donated to the Pledgee or any other person designated by the Pledgee to the extent permitted under applicable PRC laws.

 

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2.4                         The Pledgors may subscribe for capital increase in Party C only with prior written consent of the Pledgee. The amount of capital contributed by the Pledgors in the company’s registered capital as a result of the Pledgors’ subscription of the increased registered capital of the company shall also be Equity Interest. After completion of the capital increase, the Pledgors shall cooperate with the Pledgee in a timely manner on the Equity Interest registration for the increased capital contribution.

 

2.5                         In the event that Party C is required by the mandatory provisions in the PRC law to be liquidated or dissolved, any interest distributed to the Pledgors upon Party C’s dissolution or liquidation shall, upon the request of the Pledgee, be (1) deposited into an account designated and supervised by the Pledgee and used to secure the Contractual Obligations and repay the Secured Indebtedness prior and in preference to making any other payment; or (2) unconditionally donated to the Pledgee or any other person designated by the Pledgee to the extent permitted under applicable PRC laws.

 

3.                                Term of Pledge

 

3.1                         The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with the corresponding industrial and commercial administration. The Pledge shall remain effective until all Contractual Obligations have been fully performed and all Secured Indebtedness has been fully paid. The Pledgors and Party C shall (1) register the Pledge of this Agreement in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the corresponding industrial and commercial administration for the registration of the Pledge under this Agreement within 15 business days following the execution of this Agreement. The Parties covenant that for the purpose of registration of the Pledge, the Parties hereto and all other shareholders of Party C shall submit to the industrial and commercial administration this Agreement or a signed equity interest pledge contract in the form required by the industrial and commercial administration at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “Industrial And Commercial Administration Pledge Contract”). For matters not specified in the Industrial And Commercial Administration Pledge Contract, the Parties shall be bound by the provisions of this Agreement. The Pledgors and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant industrial and commercial administration, to ensure that the registration of the Pledge would be accepted as soon as possible after submission for filing.

 

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3.2                         During the Term of Pledge, in the event the Pledgors and/or Party C fail to perform the Contractual Obligations or repay Secured Indebtedness, the Pledgee shall be entitled, but not obligated, to exercise the Pledge in accordance with the provisions of this Agreement.

 

4.                                Custody of Records for Equity Interest subject to Pledge

 

4.1                         During the Term of Pledge set forth in this Agreement, the Pledgors shall deliver to the Pledgee’s custody the certificate of capital contribution for the Party C’s equity and the shareholders’ register containing the Pledge within one week from the execution of this Agreement. The Pledgee shall have custody of such documents during the entire Term of Pledge set forth in this Agreement.

 

5.                                Representations and Warranties of the Pledgors and Party C

 

As of the execution date of this Agreement, the Pledgors and Party C hereby jointly and severally represent and warrant to Party A that:

 

5.1                         Party C is a limited liability company legally established and validly existing under the laws of the PRC;

 

5.2                         The Pledgors are the only legitimate beneficial owners of the Equity Interest;

 

5.3                         The Pledgee shall have the right to dispose of and transfer the Equity Interest in accordance with the provisions set forth in this Agreement;

 

5.4                         Except for the Pledge, the Pledgors have not placed any security interest or other encumbrance on the Equity Interest;

 

5.5                         They have the power, capacity, and authority to sign and deliver this Agreement and to perform their obligations hereunder. This Agreement, when signed, will constitute their legal, valid and binding obligations and shall be enforceable against them in accordance with the provisions thereof;

 

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5.6                         The Pledgors and Party C have obtained approvals and consents from government authorities and third parties (if required) for execution, delivery and performance of this Agreement; and

 

5.7                         The execution, delivery and performance of this Agreement will not: (i) violate any relevant PRC laws; (ii) conflict with Party C’s articles of association or other constitutional documents; (iii) result in any breach of or constitute any default under any contract or instrument to which it is a party or by which it is otherwise bound; (iv) result in the violation of any condition of the grant and/or maintenance of any permit or approval granted to any Party; or (v) cause any permit or approval granted to any Party to be suspended, revoked or attached with additional conditions.

 

6.                                Covenants of the Pledgors and Party C

 

6.1                         During the term of this Agreement, the Pledgors and Party C hereby severally and not jointly covenant to the Pledgee that:

 

6.1.1                           The Pledgors shall neither transfer the Equity Interest or any portion thereof, nor place or permit the existence of any security interest or other encumbrance on the Equity Interest, without the prior written consent of the Pledgee, except for the performance of the Transaction Documents; Party C shall not assent to or assist in the aforesaid behaviours;

 

6.1.2                           The Pledgors and Party C shall comply with and execute the provisions of all laws and regulations applicable to the pledge of rights, and within ten (10) days of receipt of any notice, order or recommendation issued or prepared by relevant competent authorities regarding the Pledge, shall present the aforementioned notice, order or recommendation to the Pledgee and comply with the aforementioned notice, order or recommendation, or submit objections and representations with respect to the aforementioned matters upon the Pledgee’s reasonable request or upon consent of the Pledgee;

 

6.1.3                           The Pledgors shall not conduct or allow any activities or actions that would adversely affect the Pledgee’s benefits related to the Contractual Obligations or the Equity Interest. The Pledgors and Party C shall promptly notify the Pledgee of any event or notice received that may have an impact on the rights of the Equity Interest or any portion thereof, as well as any event or notice received that may change any guarantees and other obligations of the Pledgors arising out of this Agreement or have an impact on the Pledgors’ performance of their obligations in this Agreement;

 

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6.1.4                           Party C shall complete the registration procedures to extend its term of operation within three (3) months prior to the expiration of such term to maintain the validity of this Agreement.

 

6.2                         The Pledgors agree that the rights acquired by the Pledgee in accordance with this Agreement with respect to the Pledge shall not be interrupted or compromised by the Pledgors or any heirs or representatives of the Pledgors or any other persons through any legal proceedings.

 

6.3                         In order to protect or improve the security interest granted by this Agreement for the Contractual Obligations and Secured Indebtedness, the Pledgors hereby severally and not jointly undertake to the Pledgee to sign in good faith and to procure other parties who have an interest in the Pledge to sign all certificates of rights and deeds, and/or to perform and to procure other parties who have an interest in the Pledge to perform actions required by the Pledgee, to facilitate the exercise by the Pledgee of its rights and authority granted thereto by this Agreement, and to enter into all relevant documents regarding the ownership of the Equity Interest with the Pledgee or designee(s) of the Pledgee (natural persons/legal persons), and provide the Pledgee within a reasonable time with all notices, orders and decisions regarding the Pledge that are deemed necessary by the Pledgee.

 

6.4                         The Pledgors and Party C shall strictly abide by the provisions of this Agreement and other contracts separately or jointly signed by the Parties hereto or any of them, including the Transaction Documents, perform the obligations hereunder and thereunder, and refrain from any action/omission that may affect the effectiveness and enforceability thereof. Any remaining rights of the Pledgors with respect to the Equity Interest pledged hereunder shall not be exercised by the Pledgors except in accordance with the written instructions of the Pledgee.

 

6.5                         The Pledgors severally and not jointly undertake to comply with and perform all guarantees, promises, agreements, representations, and conditions under this Agreement. In the event of failure of or partial performance of its guarantees, promises, agreements, representations, and conditions, the Pledgors are deemed in breach of this Agreement and shall indemnify the Pledgee for all losses resulting therefrom.

 

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7.                                Event of Breach

 

7.1                         The following circumstances shall be deemed Event of Default:

 

7.1.1                           The Pledgor’s any breach of any obligations under the Transaction Documents and/or this Agreement.

 

7.1.2                           Party C’s any breach of any obligations under the Transaction Documents and/or this Agreement.

 

7.2                         Upon acknowledgement or discovery of the occurrence of any circumstances or event that may lead to the aforementioned circumstances described in Section 7.1, the Pledgors and Party C shall immediately notify the Pledgee in writing accordingly.

 

7.3                         Unless an Event of Default set forth in Section 7.1 has been successfully resolved in accordance with the Pledgee’s requirements within twenty (20) days after the Pledgee delivers a notice to the Pledgors and/or Party C requesting rectification of such Event of Default, the Pledgee may issue a Notice of Default to the Pledgors in writing at any time thereafter, demanding to exercise the Pledge in accordance with Section 8 of this Agreement.

 

8.                                Exercise of Pledge

 

8.1                         The Pledgee shall issue a written Notice of Default to the Pledgors as it exercises the Pledge.

 

8.2                         Subject to the provisions of Section 7.3, the Pledgee may exercise the right to dispose of the Pledge at any time after the issuance of the Notice of Default in accordance with Section 8.1.

 

8.3                         After the Pledgee issues a Notice of Default to the Pledgors in accordance with Section 8.1, the Pledgee may exercise any remedial measure under applicable PRC laws, the Transaction Documents and this Agreement, including but not limited to being compensated on a preferential basis with the conversion, auction or sales price of the Equity Interest. The Pledgee shall not be liable for any loss incurred by its due exercise of such rights and powers.

 

8.4                         The proceeds from exercising the Pledge by the Pledgee shall be used to pay for tax and expenses incurred as a result of disposing the Equity Interest and to perform Contractual Obligations and repay the Secured Indebtedness to the Pledgee prior and in preference to any other payment. After the payment of the aforementioned amounts, the balance shall be returned to the Pledgors or any other person who has the rights to such balance under applicable laws or be deposited to the local notary public office where the Pledgors resides, with all expenses incurred being borne by the Pledgors. To the extent permitted under applicable PRC laws, the Pledgors shall unconditionally donate the aforementioned proceeds to the Pledgee or any other person designated by the Pledgee.

 

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8.5                         The Pledgee may enforce any remedies for breach of contract available simultaneously or in any order. The Pledgee may exercise the right to be compensated on a preferential basis with the conversion of, or the amount received from the auction or sales of the Equity Interest under this Agreement without exercising any other remedies for breach of contract first.

 

8.6                         The Pledgee is entitled to designate an attorney or other representatives to exercise the Pledge on its behalf, and the Pledgors or Party C shall not raise any objection to such exercise.

 

8.7                         When the Pledgee disposes of the Pledge in accordance with this Agreement, the Pledgors and Party C shall provide necessary assistance to enable the Pledgee to realize the Pledge.

 

9.                                Breach of Agreement

 

9.1                         If the Pledgors or Party C conducts any material breach of any term of this Agreement, the Pledgee shall have the right to terminate this Agreement and/or require the Pledgors or Party C to indemnify all damages; this Section 9 shall not prejudice any other rights of the Pledgee herein;

 

9.2                         The Pledgors or Party C shall not have any right to terminate this Agreement unilaterally in any event unless otherwise provided by applicable laws.

 

10.                         Assignment

 

10.1                  Without the Pledgee’s prior written consent, the Pledgors and Party C shall not have the right to assign or delegate their rights and obligations under this Agreement.

 

10.2                  This Agreement shall be binding on the Pledgors and its successors and permitted assignees, and shall be valid for the Pledgee and each of its successors and assignees.

 

10.3                  At any time, the Pledgee may assign any and all of its rights and obligations under the Transaction Documents and this Agreement to its designee(s). In such case, the assignee(s) shall enjoy and assume the rights and obligations of the Pledgee under the Transaction Documents and this Agreement, as if it were the original party to the Transaction Documents and this Agreement.

 

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10.4                  In the event of change of Pledgee due to assignment, the Pledgors and/or Party C shall, at the request of the Pledgee, enter into a new pledge agreement with the new pledgee on the same terms and conditions as this Agreement, and register with the relevant industrial and commercial administration.

 

11.                         Termination

 

11.1                  Upon the fulfillment of all Contractual Obligations and the full and complete payment of all Secured Indebtedness by the Pledgors and Party C, the Pledgee shall release the Pledge under this Agreement upon the Pledgors’ request as soon as reasonably practicable and shall assist the Pledgors in de-registering the Pledge from the shareholders’ register of Party C and with relevant industrial and commercial administration.

 

11.2                  The provisions under Sections 9, 13, 14 and 11.2 herein of this Agreement shall survive the termination of this Agreement.

 

12.                         Handling Fees and Other Expenses

 

All fees and out-of-pocket expenses related to this Agreement, including but not limited to legal costs, costs of production, stamp tax and any other taxes and fees, shall be borne by Party C.

 

13.                         Confidentiality

 

The Parties acknowledge that the existence and the terms of this Agreement and any oral or written information exchanged between the Parties in connection with the preparation and performance of this Agreement are regarded as confidential information. Each Party shall maintain confidentiality of all such confidential information, and it shall not disclose any confidential information to any third parties without obtaining the written consent of the other Party, except for the information that: (a) is or will be known to the members of public (other than through the receiving Party’s unauthorised disclosure); (b) is under the obligation to be disclosed pursuant to the applicable laws or regulations, stock exchange rules, or orders of government authorities or courts; or (c) is required to be disclosed by any Party to its shareholders, directors, employees, legal counsels or financial advisors regarding the transaction contemplated hereunder, provided that such shareholders, directors, employees, legal counsels or financial advisors shall be bound by the confidentiality obligations similar to those set forth in this Section. Disclosure of any confidential information by the shareholders, director, employees of or agencies engaged by any Party shall be deemed disclosure of such confidential information by such Party, and such Party shall be held liable for breach of this Agreement.

 

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14.                         Governing Law and Resolution of Disputes

 

14.1                  The execution, effectiveness, interpretation, performance, amendment and termination of this Agreement and the resolution of disputes hereunder shall be governed by the laws of the PRC.

 

14.2                  In the event of any dispute with respect to the interpretation and performance of this Agreement, the Parties shall first resolve the dispute through friendly negotiations. In the event the dispute cannot be resolved through negotiations, either Party may submit the relevant dispute to the China International Economic and Trade Arbitration Commission for arbitration in accordance with its arbitration rules and procedures in effect at that time. The arbitration shall be conducted in Beijing. The arbitral awards shall be final and binding on all Parties.

 

14.3                  Upon the occurrence of any disputes arising from the interpretation and performance of this Agreement or during the pending arbitration of any dispute, except for the matters under dispute, the Parties to this Agreement shall continue to exercise their respective rights under this Agreement and perform their respective obligations under this Agreement.

 

15.                         Notices

 

15.1                  All notices and other communications required or given pursuant to this Agreement shall be delivered by hand or sent by registered mail, postage prepaid, by a commercial courier service or by facsimile transmission to the address of such party set forth below. Each notice shall also be served by E-mail. The dates on which notices are deemed effectively served shall be determined as follows:

 

15.2                  Notices served by hand, by courier service or by registered mail, postage prepaid, shall be deemed effectively served on the date of delivery or refusal at the address specified for notices.

 

15.3                  Notices given by facsimile transmission shall be deemed effectively served on the date of successful transmission (as evidenced by an automatically generated confirmation of transmission).

 

15.4                  For the purpose of notice, the addresses of the Parties are as set forth as follows:

 

Party A:

 

[Beijing Dake Information Technology Co. Ltd.] (北京大氪信息科技有限公司)

 

Address:                                                                                                       [5th Floor, Block A1, Junhao Central Park Plaza, No. 10 Chaoyang Park South Road, Chaoyang District, Beijing] (北京市朝阳区朝阳公园南路10号骏豪中央公园广场A1座5层)

 

Contact person:                                                               Wang Jingyu

 

Telephone number:                                            15101150221

 

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Party B:

 

1.                                [Beijing Xieli Zhucheng Financial Information Services Co. Ltd.] (北京协力筑成金融信息服务股份有限公司)

 

Address:                                                                                                       [5th Floor, Block A1, Junhao Central Park Plaza, No. 10 Chaoyang Park South Road, Chaoyang District, Beijing] (北京市朝阳区朝阳公园南路10号骏豪中央公园广场A1座5层)

 

Contact person:                                                               Wang Jingyu

 

Telephone number:                                            15101150221

 

2.                                [Tianjin Zhanggongzi Technology Partnership (Limited Partnership)] (天津张公子科技合伙企业(有限合伙))

 

Address:                                                                                                       [5th Floor, Block A1, Junhao Central Park Plaza, No. 10 Chaoyang Park South Road, Chaoyang District, Beijing] (北京市朝阳区朝阳公园南路10号骏豪中央公园广场A1座5层)

 

Contact person:                                                               Wang Jingyu

 

Telephone number:                                            15101150221

 

3.                                [Shenzhen Guohong No.2 Enterprise Management Partnership (Limited Partnership)](深圳国宏贰号企业管理合伙企业(有限合伙))

 

Address:                                                                                                       [10th Floor, Building 4, Phase I, Shangmeilin Excellence City, Futian District, Shenzhen] (深圳市福田区上梅林卓越城1期4栋10层)

 

Contact person:                                                      Xian Handi

 

Telephone number:                                            15507579439

 

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4.                                [Ningbo Meishan Bonded Port Area Tianhong Luheng Investment Management Partnership (Limited Partnership)]  (宁波梅山保税港区天弘绿珩投资管理合伙企业(有限合伙))

 

Address:                                                                                                       Room 1202, Block B, Global Trade Center, No. 36 East 3rd Ring Road, Dongcheng District, Beijing

 

Contact person:                                                               Zhang Yusong

 

Telephone number:                                            13681539013

 

5.                                [Gongqingcheng Fenzhong Chuangxiang Information Technology Co. Ltd.] (共青城分众创享信息技术有限公司)

 

Address:                                                                                                       28th Floor, No. 369 Jiangsu Road, Changning District, Shanghai

 

Contact person:                                                               Lin Nan

 

Telephone number:                                            18621585219

 

6.                                [Suzhou Industrial Park Gebi Yinghe Venture Capital Partnership (Limited Partnership)] (苏州工业园区戈壁赢合创业投资合伙企业(有限合伙))

 

Address:                                                                                                             Room 1508, Gopher Center, No. 757 Mengzi Road, Huangpu District, Shanghai

 

Contact person:                                                                     wing

 

Telephone number:                                                  021-5629 5805

 

7.                                [Beijing Wentou Huyu Investment Co. Ltd.] (北京文投互娱投资有限责任公司)

 

Address:                                                                                                       Room 303, 3rd Floor, Building 56, No. 2 Jingyuan North Street, Beijing Economic-Technological Development Area, Beijing

 

Contact person:                                                               Sun Weibo

 

Telephone number:                                            18911067311

 

8.                                [Beijing Gebi Lvzhou Angel Investment Center (Limited Partnership)](北京戈壁绿洲天使投资中心(有限合伙))

 

Address:                                                                                                       Room 906, Tower H, Phoenix Place, Jia No. 5 Shuguang Xili, Beijing

 

Contact person:                                                               wing

 

Telephone number:                                            86-10-8455 4115

 

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9.                                [Wuhan Feixiang Automotive Electronics Industry Investment Partnership (Limited Partnership)] (武汉斐翔汽车电子产业投资合伙企业(有限合伙))

 

Address:                                                                                                             Room 3016, Block A, No. 580 Nanjing West Road, Jing’an District, Shanghai

 

Contact person:                                                                     Hu Yaoshun

 

Telephone number:                                                  18918000960

 

Party C:

 

[Beijing Duoke Information Technology Co. Ltd.](北京多氪信息科技有限公司)

 

Address:                                                                                                             [5th Floor, Block A1, Junhao Central Park Plaza, 10 South Chaoyang Park Road, Chaoyang District, Beijing] (北京市朝陽區朝陽公園南路10號駿豪中央公園廣場A1座5)

 

Contact person:                                                                     Wang Jingyu

 

Telephone number:                                                  15101150221

 

15.5                  Any Party may at any time change its address for receiving notices by a notice delivered to the other Parties in accordance with the terms in this Section.

 

16.                         Severability

 

In the event that one or several of the provisions of this Agreement are found to be invalid, illegal or unenforceable in any aspect in accordance with any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement shall not be affected or compromised in any respect. Through negotiations in good faith, the Parties shall strive to replace such invalid, illegal or unenforceable provisions with effective provisions that are to the greatest extent permitted by law and the intentions of the Parties, and the economic effect of such effective provisions shall be as close as possible to the economic effect of those invalid, illegal or unenforceable provisions.

 

17.                         Entire Agreement

 

Except for the amendments, supplements or changes in writing executed after the execution of this Agreement, this Agreement shall constitute the entire agreement reached by and among the Parties hereto with respect to the subject  matter hereof, and shall supersede all prior oral or written consultations, representations and contracts reached with respect to the subject matter of this Agreement. The pledge-format agreement that the Parties are required to sign additionally for industrial and commercial registration is only used for industrial and commercial registration, and shall not affect the validity of this Agreement.

 

15

 

18.                         Attachments

 

The attachments set forth herein shall form an integral part of this Agreement.

 

19.                         Effectiveness

 

18.1                  This Agreement shall become effective on the date of formal signing by the Parties.

 

18.2                  Any amendments, supplements or changes to this Agreement shall be in writing and shall become effective after the affixation of the signatures or seals of the Parties.

 

20.                         Counterparts

 

This Agreement is written in Chinese and is in twelve copies, each Party shall hold one copy thereof and the remaining one shall be used for registration.

 

16

 

IN WITNESS WHEREOF, the Parties have authorised their representatives to sign this Equity Interest Pledge Agreement, which shall take immediate effect, as of the date first above written.

 

Party A:

 

[Beijing Dake Information Technology Co. Ltd.] (北京大氪信息科技有限公司) (stamp) [chopped: Beijing Dake Information Technology Co. Ltd. 1101052095304]

 

Signature:

 

Position:

 

17

 

IN WITNESS WHEREOF, the Parties have authorised their representatives to sign this Equity Interest Pledge Agreement, which shall take immediate effect, as of the date first above written.

 

Party B:

 

[Beijing Xieli Zhucheng Financial Information Services Co. Ltd.] (北京协力筑成金融信息服务股份有限公司) (stamp) [chopped: Beijing Xieli Zhucheng Financial Information Services Co. Ltd. 1101080814347]

 

Signature:

 

Position:

 

18

 

IN WITNESS WHEREOF, the Parties have authorised their representatives to sign this Equity Interest Pledge Agreement, which shall take immediate effect, as of the date first above written.

 

Party B:

 

[Tianjin Zhanggongzi Technology Partnership (Limited Partnership)] (天津张公子科技合伙企业(有限合伙)) (stamp) [chopped: Tianjin Zhanggongzi Technology Partnership (Limited Partnership)]

 

Signature:

 

Position:

 

19

 

IN WITNESS WHEREOF, the Parties have authorised their representatives to sign this Equity Interest Pledge Agreement, which shall take immediate effect, as of the date first above written.

 

Party B:

 

[Shenzhen Guohong No.2 Enterprise Management Partnership (Limited Partnership)] (深圳国宏贰号企业管理合伙企业(有限合伙)(stamp) [chopped: Shenzhen Guohong No.2 Enterprise Management Partnership (Limited Partnership)  4403041157861]

 

Signature: [signed]

 

Position:

 

20

 

IN WITNESS WHEREOF, the Parties have authorised their representatives to sign this Equity Interest Pledge Agreement, which shall take immediate effect, as of the date first above written.

 

Party B:

 

[Ningbo Meishan Bonded Port Area Tianhong Luheng Investment Management Partnership (Limited Partnership)] (宁波梅山保税港区天弘绿珩投资管理合伙企业(有限合伙)) (stamp) [chopped: Ningbo Meishan Bonded Port Area Tianhong Luheng Investment Management Partnership (Limited Partnership) 3302060231082)

 

Signature: [chopped: Sun Ningyu]

 

Position:

 

21

 

IN WITNESS WHEREOF, the Parties have authorised their representatives to sign this Equity Interest Pledge Agreement, which shall take immediate effect, as of the date first above written.

 

Party B:

 

[Gongqingcheng Fenzhong Chuangxiang Information Technology Co. Ltd.] (共青城分众创享信息技术有限公司) (stamp) [chopped: Gongqingcheng Fenzhong Chuangxiang Information Technology Co. Ltd. 3604820009040]

 

Signature: [signed]

 

Position: Legal representative

 

Signing page of Equity Interest Pledge Agreement of [Beijing Duoke Information Technology Co. Ltd.](北京多氪信息科技有限公司)

 

22

 

IN WITNESS WHEREOF, the Parties have authorised their representatives to sign this Equity Interest Pledge Agreement, which shall take immediate effect, as of the date first above written.

 

Party B:

 

[Suzhou Industrial Park Gebi Yinghe Venture Capital Partnership (Limited Partnership)] (苏州工业园区戈壁赢合创业投资合伙企业(有限合伙)) (stamp) [chopped: Suzhou Industrial Park Gebi Yinghe Venture Capital Partnership (Limited Partnership) 3205940045568]

 

Signature:

 

Position:

 

23

 

IN WITNESS WHEREOF, the Parties have authorised their representatives to sign this Equity Interest Pledge Agreement, which shall take immediate effect, as of the date first above written.

 

Party B:

 

[Beijing Wentou Huyu Investment Co. Ltd.] (北京文投互娱投资有限责任公司) (stamp) [chopped: Beijing Wentou Huyu Investment Co. Ltd. 1001760012816]

 

Signature: [signed]

 

Position:

 

24

 

IN WITNESS WHEREOF, the Parties have authorised their representatives to sign this Equity Interest Pledge Agreement, which shall take immediate effect, as of the date first above written.

 

Party B:

 

[Beijing Gebi Lvzhou Angel Investment Center (Limited Partnership)] (北京戈壁绿洲天使投资中心(有限合伙)) (stamp) [chopped: Beijing Gebi Lvzhou Angel Investment Center (Limited Partnership) 1101080319389]

 

Signature:

 

Position:

 

25

 

IN WITNESS WHEREOF, the Parties have authorised their representatives to sign this Equity Interest Pledge Agreement, which shall take immediate effect, as of the date first above written.

 

Party B:

 

[Wuhan Feixiang Automotive Electronics Industry Investment Partnership (Limited Partnership)] (武汉斐翔汽车电子产业投资合伙企业(有限合伙)) (stamp) [chopped: Wuhan Feixiang Automotive Electronics Industry Investment Partnership (Limited Partnership) 4201190181518]

 

Signature: [signed]

 

Position:

 

26

 

IN WITNESS WHEREOF, the Parties have authorised their representatives to sign this Equity Interest Pledge Agreement, which shall take immediate effect, as of the date first above written.

 

Party C:

 

[Beijing Duoke Information Technology Co. Ltd.] (北京多氪信息科技有限公司) (stamp) [chopped: Beijing Duoke Information Technology Co. Ltd. 1101081481921]

 

Signature:

 

Position:

 

27Exhibit 10.13

 

Exclusive Purchase Option Agreement

 

This Exclusive Purchase Option Agreement (hereinafter referred to as this “Agreement”) was signed by the following parties on 2 August 2019 in Beijing, the People’s Republic of China (hereinafter referred to as “PRC” or “China”).

 

Party A:

 

[Beijing Dake Information Technology Co., Ltd.] (北京大氪信息科技有限公司), a limited liability company established and existing under the laws of China, with its address at 6th floor (06) 601-1, Building 1, No.10 Chaoyang Park South Road, Chaoyang District, Beijing.

 

Party B:

 

1.                                     [Beijing Xieli Zhucheng Financial Information Services Co., Ltd.] (北京协力筑成金融信息服务股份有限公司) (hereinafter referred to as “Xieli Zhucheng”), a limited liability company established and existing under the laws of China, with its address at No.3002, 3rd Floor, No.39 West Street, Haidian District, Beijing;

 

2.                                     [Tianjin Zhanggongzi Technology Partnership (Limited Partnership)] (天津张公子科技合伙企业(有限合伙)), a limited partnership established and existing under the laws of China, with its address at 1102-072, 11th Floor, Block G1, TEDA Modern Service District, Second Avenue, Tianjin Economic-Technological Development Area;

 

3.                                     [Shenzhen Guohong No.2 Enterprise Management Partnership (Limited Partnership)] (深圳国宏贰号企业管理合伙企业(有限合伙)), a limited partnership established and existing under the laws of China, with its address at 18D, Tairan Jinsong Building, Tairan Avenue East, Shatou Street, Futian District, Shenzhen;

 

4.                                     [Ningbo Meishan Bonded Port Area Tianhong Luheng Investment Management Partnership (Limited Partnership)] (宁波梅山保税港区天弘绿珩投资管理合伙企业(有限合伙)), a limited partnership established and existing under the laws of China, with its address at Room 1284, Office Building 18, Business Center, Meishan Avenue, Beilun District, Ningbo, Zhejiang;

 

5.                                     [Gongqingcheng Fenzhong Chuangxiang Information Technology Co. Ltd.] (共青城分众创享信息技术有限公司), a limited liability company established and existing under the laws of China, with its address at Private Equity Fund Park, Gongqingcheng, Jiujiang, Jiangxi;

 

 

6.                                     [Suzhou Industrial Park Gebi Yinghe Venture Capital Partnership (Limited Partnership)] (苏州工业园区戈壁赢合创业投资合伙企业(有限合伙)), a limited partnership established and existing under the laws of China, with its address at Room 240, Building 19, No.183 Suhong East Road, Suzhou Industrial Park;

 

7.                                     [Beijing Wentou Huyu Investment Co., Ltd.] (北京文投互娱投资有限责任公司), a limited liability company established and existing under the laws of China, with its address at Room 303, 3rd Floor, Building 56, No.2 Jingyuan North Street, Beijing Economic-Technological Development Area, Beijing;

 

8.                                     [Beijing Gebi Lvzhou Angel Investment Center (Limited Partnership)] (北京戈壁绿洲天使投资中心(有限合伙)), a limited partnership established and existing under the laws of China, with its address at Room 5430, Shenchang Building, No.51 Zhichun Road, Haidian District, Beijing;

 

9.                                     [Wuhan Feixiang Automotive Electronics Industry Investment Partnership (Limited Partnership)] (武汉斐翔汽车电子产业投资合伙企业(有限合伙)), a limited partnership established and existing under the laws of China, with its address at No.235, 2nd Floor, Building No. 1 (D1), Phase 1, [Optoelectronics Supporting Industrial Park], No.117 Zuoling Road, Zuoling Town, [Donghu New Technology Development Zone], Wuhan (the Wuhan area of the Free Trade Zone).

 

(The above are collectively referred to as “Party B”)

 

Party C:

 

[Beijing Duoke Information Technology Co. Ltd.] (北京多氪信息科技有限公司), a limited liability company established and existing under the laws of China, with its address at No.3003, 3rd Floor, No.39 West Street, Haidian District, Beijing.

 

In this Agreement, Party A, Party B, and Party C are hereinafter individually referred to as a “Party” and are collectively referred to as the “Parties”.

 

Whereas:

 

1.                                     Party B are shareholders of Party C and on the signing date of this Agreement, Xieli Zhucheng holds 66.116% of the equity interest of Party C, which represents RMB8.000032 million of the registered capital of Party C; Party B holds 33.884% of the equity interest of Party C in addition to those of Xieli Zhucheng, which represents RMB4.099962 million of the registered capital of Party C.

 

2.                                     Party B agrees to grant Party A an exclusive option through this Agreement, and Party A agrees to accept such exclusive option for the purpose of purchasing all or part of equity interest of Party C held by Party B.

 

 

Now, therefore, the Parties upon negotiation have agreed as follows:

 

1.                                      Sale and Purchase of Equity Interest and Assets

 

1.1                               Granting of Rights

 

Party B hereby exclusively, irrevocably and unconditionally grants Party A an irrevocable and exclusive right to purchase or designate one or more persons (each, a “Designee”) to purchase the equity interests in Party C then held by Party B or assets from Party C, at once or in multiple times and at any time, in part or in whole, at Party A’s sole and absolute discretion to the extent permitted by the laws of China, according to the steps determined by Party A, and at the price described in Section 1.3 herein (such right being the “Equity Interest/Assets Purchase Option”). Except for Party A and the Designee(s), no other person shall be entitled to the Equity Interest Purchase Option or other rights with respect to the equity interests held by Party B or assets of Party C. Party C hereby agrees to the grant by Party B of the Equity Interest Purchase Option to Party A. The term “person” as used herein shall refer to an individual person, corporation, joint venture, partnership, enterprise, trust or a non-corporate organization.

 

1.2                               Exercise Steps

 

Subject to the provisions of the laws and regulations of China, Party A may exercise the Equity Interest/Assets Purchase Option by issuing a written notice to Party B (the “Equity Interest/Assets Purchase Option Notice”), specifying: (a) Party A’s or the Designee’s decision to exercise the Equity Interest/Assets Purchase Option, and the name of the Designee(s) if any; (b) the portion of equity interest to be purchased by Party A or the Designee(s) from Party B (the “Optioned Interest”) and/or the assets to be purchased by Party A or the Designee(s) from Party C (the “Optioned Assets”); and (c) the date of purchase or date of transfer of the Optioned Interest/Assets.

 

1.3                               Equity Interest/Assets Purchase Price

 

Upon exercise of the Equity Interest/Assets Purchase Option by Party A, the purchase price for the purchase by Party A of all Optioned Interest held by Party B and/or the purchase of all or part of the assets of Party C shall be the lowest price as permitted by the laws; if Party A exercises the Equity Interest Purchase Option to purchase part of the Optioned Interest held by Party B in Party C, then the purchase price shall be calculated on a pro-rata basis. If appraisal is required by the laws or relevant competent authorities of China at the time when Party A exercises the option to purchase part of the Optioned Interest in Party C from Party B, the Parties shall negotiate in good faith and based on the appraisal result make necessary adjustment to the Equity Interest Purchase Price so that it complies with any then applicable laws of China (collectively, the “Equity Interest Purchase Price”). Party B shall donate the balance of the Equity Interest Purchase Price received from Party A, after deducting/withholding the relevant taxes (if any) pursuant to the applicable laws of China, to Party A or the Designee(s) of Party A for free within ten (10) days after Party B receives the payment of Equity Interest Purchase Price and pays/withholds the relevant taxes (if any).

 

 

1.4                               Transfer of Optioned Interests/Assets

 

For each exercise of the Equity Interest/Assets Purchase Option by Party A:

 

1.4.1                     Party B shall instruct Party C to convene a shareholders’ meeting in a timely manner, at which a resolution shall be adopted approving Party B’s transfer of the Optioned Interest to Party A and/or the Designee(s) and/or Party C’s transfer of the Optioned Assets to Party A and/or the Designee(s);

 

1.4.2                     Party B shall obtain written statements from the other shareholders of Party C giving consent to the transfer of the Optioned Interest to Party A and/or the Designee(s) and waiving any right of first refusal related thereto;

 

1.4.3                     Within thirty (30) days after receipt of the Equity Interest/Assets Purchase Option Notice by Party B/C from Party A and/or any Designee(s) (whichever is applicable), Party B and Party A and/or such Designee(s) (whichever is applicable) shall complete all procedures for the acquisition of such Optioned Interest by Party A and/or such Designee(s) (whichever is applicable) and for Party A and/or such Designee(s) (whichever is applicable) becoming shareholder(s) of Party C, including without limitation signing of an equity interest transfer contract and any other necessary documents or agreements, adoption of any necessary resolutions, issuance of all necessary documents by Party C and performance of all relevant procedures;

 

1.4.4                     The relevant Parties shall sign all other necessary contracts, agreements or documents, obtain all necessary government approvals and consents and take all necessary actions to transfer valid ownership of the Optioned Interest to Party A and/or the Designee(s), unencumbered by any security interests, and cause Party A and/or the Designee(s) to become the registered owner(s) of the Optioned Interest. For the purpose of this Section and this Agreement, “security interests” shall include securities, mortgages, third party’s rights or interests, any stock options, acquisition right, right of first refusal, right to offset, ownership retention or other security arrangements, but for the sake of clarity, shall be deemed to exclude any security interest created by this Agreement, Party B’s Equity Interest Pledge Agreement and Party B’s Power of Attorney. “Party B’s Equity Interest Pledge Agreement” as used in this Agreement shall refer to the Equity Interest Pledge Agreement executed by and among Party A, Party B and Party C on the date hereof and any modification, amendment and restatement thereto; “Party B’s Power of Attorney” as used in this Agreement shall refer to the Power of Attorney signed by Party B on the date hereof granting Party A with power of attorney and any modification, amendment and restatement thereto.

 

 

2.                                      Covenants

 

2.1                               Covenants Relating to Party C

 

Party B (as shareholders of Party C) and Party C hereby covenant:

 

2.1.1                     Without the prior written consent of Party A, Party C shall not in any manner supplement, change or amend the articles of association of Party C, increase or decrease its registered capital, or change its structure of registered capital in other manners:

 

2.1.2                     Party C shall maintain its corporate existence in accordance with good financial and business standards and practices, obtain and maintain all necessary government licenses and permits for business operation, and operate its business and handle its affairs prudently and effectively;

 

2.1.3                     Without the prior written consent of Party A, Party C shall not at any time following the date hereof, sell, transfer, mortgage or dispose of in any manner the legal or beneficial interest in any material assets, business or revenues of Party C of more than RMB 500,000, or allow the encumbrance thereon of any security interest;

 

2.1.4                     Without the prior written consent of Party A, Party C shall not incur, inherit, guarantee or permit the existence of any debt, except for payables incurred in the ordinary course of business other than through loans;

 

 

2.1.5                     Party C shall always operate all of its businesses in the ordinary course of business to maintain the asset value of Party C and refrain from any action/omission that may adversely affect Party C’s operating status and asset value;

 

2.1.6                     Without the prior written consent of Party A, Party C shall not be allowed to sign any material contract, except the contracts in the ordinary course of business (for the purpose of this section, a contract with an aggregate value exceeding RMB 500,000 shall be deemed a material contract);

 

2.1.7                     Without the prior written consent of Party A, Party C shall not provide any person with any loan or credit, or provide securities or guarantee for the indebtedness of any third party;

 

2.1.8                     Party C shall provide Party A with all information on Party C’s operations and financial conditions at Party A’s request;

 

2.1.9                     Without the prior written consent of Party A, Party C shall not merge, consolidate with, acquire or invest in any person;

 

2.1.10              Party C shall immediately notify Party A of the occurrence or possible occurrence of any litigation, arbitration or administrative proceedings relating to Party C’s assets, businesses or revenues;

 

2.1.11             To execute all necessary or appropriate documents, to take all necessary or appropriate actions, to file all necessary or appropriate complaints, and to make necessary or appropriate defenses against all claims to maintain the ownership by Party C over all its assets;

 

2.1.12             Without the prior written consent of Party A, Party C shall not in any manner distribute dividends to its shareholders, but upon Party A’s written request, Party C shall immediately distribute all distributable profits to its shareholders;

 

2.1.13             At the request of Party A, Party C shall appoint any persons designated by Party A as the directors, supervisors and senior management of Party C, and/or remove any incumbent director, supervisor and senior management of Party C, and perform all relevant resolutions and filing procedures; Party A has the right to demand replacement of the aforementioned personnel by Party B and Party C.

 

 

2.1.14             Without Party A’s prior written consent, Party C shall not engage in any business in competition with Party A or its affiliates;

 

2.1.15             Unless otherwise compulsorily required by the PRC law, Party C shall not be dissolved or liquated without prior written consent by Party A;

 

2.1.16             In the event that any shareholder of Party C or Party C fails to perform its tax obligations under the applicable laws, resulting in hindrance to the exercise of the Equity Interest Purchase Option by Party A, Party A is entitled to demand Party C or its shareholders to perform such tax obligations, or demand Party C or its shareholders to pay the amount thereof to Party A, and the latter shall make tax payment on the former’s behalf; and

 

2.1.17             Party B and Party C shall procure the subsidiaries of Party C to comply with the covenants applicable to Party C as prescribed in this Section 2.1 where applicable, as if such subsidiaries are subject to the relevant provisions as Party C.

 

2.2                               Covenants of Party B

 

Party B hereby covenants:

 

2.2.1                     Without the prior written consent of Party A, Party B shall not sell, transfer, mortgage or dispose of in other manner any legal or beneficial interest in the equity interest in Party C held by Party B, or permit the encumbrance thereon, except for the interest placed in accordance with this Agreement, Party B’s Equity Interest Pledge Agreement, and Party B’s Power of Attorney;

 

2.2.2                     Without the prior written consent of Party A, Party B shall procure the shareholders’ meeting and/or the director(s) (or the executive director(s)) of Party C not to approve any sale, transfer, mortgage or disposition in other manner of any legal or beneficial interest in the equity interest in Party C held by Party B, or allow the encumbrance thereon of any security interest, except for the interest placed in accordance with this Agreement, Party B’s Equity Interest Pledge Agreement, and Party B’s Power of Attorney;

 

2.2.3                     Without the prior written consent of Party A, Party B shall cause the shareholders’ meeting or the director(s) (or the executive director(s)) of Party C not to approve the merger or consolidation with any person, or the acquisition of or investment in any person;

 

 

2.2.4                     Party B shall immediately notify Party A of the occurrence or possible occurrence of any litigation, arbitration or administrative proceedings relating to the equity interest held by Party B;

 

2.2.5                     Party B shall cause the shareholders’ meeting or the director(s) (or the executive director(s)) of Party C to vote in favor of the transfer of the Optioned Interests as set forth in this Agreement and to take any and all other actions at the requested of Party A;

 

2.2.6                     Party B shall execute all necessary or appropriate documents, take all necessary or appropriate actions, file all necessary or appropriate complaints, and make necessary or appropriate defenses against all claims to maintain Party B’s ownership of its equity interest;

 

2.2.7                     Party B shall appoint any person(s) designated by Party A as the director(s) and senior management of Party C at the request of Party A;

 

2.2.8                     Party B gives consent to the signing by other shareholders of Party C with Party A and Party C of exclusive option agreement, equity interest pledge agreement and power of attorney similar to this Agreement, Party B’s Equity Interest Pledge Agreement, and Party B’s Power of Attorney, and undertakes not to take any action in conflict with such documents signed by other shareholders; with respect to the transfer of the equity interest of Party C by any of the other shareholders of Party C to Party A and/or the Designee(s) pursuant to the exclusive option agreement signed by such parties, Party B hereby waives all of its right of first refusal (if any).

 

2.2.9                     Party B shall promptly donate any profit, dividend, bonuses or proceeds of liquidation to Party A or any person(s) designated by Party A to the extent permitted under applicable PRC laws; and

 

2.2.10               Party B shall strictly abide by the provisions of this Agreement and other contracts jointly or separately signed by and among Party B, Party C and Party A, earnestly perform the obligations hereunder and thereunder, and refrain from any action/omission that may affect the effectiveness and enforceability thereof. To the extent that Party B has any remaining rights with respect to the equity interest subject to this Agreement hereunder, the Party B’s Equity Interest Pledge Agreement or the Party B’s Power of Attorney, Party B shall not exercise such rights except in accordance with the written instructions of Party A.

 

 

3.                                      Representations and Warranties

 

Party B and Party C hereby represent and warrant to Party A severally and not jointly, as of the date of this Agreement and each date of transfer, that:

 

3.1                               They have the power, capacity and authority to sign and deliver this Agreement and any equity interest transfer contracts to which they are parties concerning the Optioned Interests to be transferred thereunder (each, a “Transfer Contract”), and to perform their obligations under this Agreement and any Transfer Contracts. Party B and Party C agree to enter into Transfer Contracts substantially consistent with the terms of this Agreement upon Party A’s exercise of the Equity Interest Purchase Option. This Agreement and the Transfer Contracts to which they are parties, upon execution, constitute or will constitute their legal, valid and binding obligations and shall be enforceable against them in accordance with the provisions thereof;

 

3.2                               Party B and Party C have obtained approvals and consents from government authorities and third parties (if required) for signing, delivery and performance of this Agreement.

 

3.3                               The signing and delivery of and the performance of obligations under this Agreement or any Transfer Contracts shall not: (i) violate any relevant PRC laws; (ii) conflict with Party C’s articles of association or other constitutional documents; (iii) result in any breach of or constitute any default under any contract or instrument to which it is a party or by which it is otherwise bound; (iv) result in the violation of any conditions for the grant and/or maintenance of any permit or approval granted to any Party; or (v) cause any permit or approval granted to any Party to be suspended, revoked or attached with additional conditions;

 

3.4                               Party B has a good and merchantable title to the equity interest held by Party B in Party C, except for that subject to Party B’s Equity Interest Pledge Agreement and Party B’s Power of Attorney, Party B has not placed any security interest on such equity interests;

 

3.5                               Party C is a limited liability company duly established and validly existing under the laws of the PRC. Party C has a good and merchantable title to all of its assets, and has not placed any security interest on the aforementioned assets;

 

3.6                               Party C does not have any outstanding debts, except for (i) debt incurred in the ordinary course of business; and (ii) debts disclosed to Party A for which Party A’s written consent has been obtained.

 

3.7                               Party C has complied with the provisions of all PRC laws and regulations in material respects; and

 

 

3.8                               There are no significant pending or threatened litigation, arbitration or administrative proceedings relating to the equity interest of Party C, the assets of Party C or Party C;

 

4.                                      Effective Date and Term

 

4.1                               This Agreement shall become effective on the date of signing by the Parties, and be terminated when all equity interest held by Party B in Party C has been assigned to Party A and/or any other person(s) designated by Party A in accordance with this Agreement.

 

4.2                               Within the term of this Agreement, Party A may at its sole discretion decide to unconditionally terminate or cancel this Agreement by issuing a written notice to Party B in advance without assuming any liability. Unless otherwise provided for by any mandatory provision of the PRC laws, neither Party B nor Party C is entitled to terminate this Agreement unilaterally.

 

5.                                      Governing Law and Resolution of Disputes

 

5.1                               Governing Law

 

The execution, effectiveness, interpretation, performance, amendment and termination of this Agreement and the resolution of disputes hereunder shall be governed by the laws of the PRC.

 

5.2                               Methods of Resolution of Disputes

 

In the event of any dispute with respect to the interpretation and performance of this Agreement, the Parties shall first resolve the dispute through friendly negotiations. In the event the dispute cannot be resolved through negotiations, either Party may submit the relevant dispute to the China International Economic and Trade Arbitration Commission for arbitration in accordance with its arbitration rules and procedures in effect at that time. The arbitration shall be conducted in Beijing. The arbitral awards shall be final and binding on all Parties.

 

5.3                               Upon the occurrence of any disputes arising from the interpretation and performance of this Agreement or during the pending arbitration of any dispute, except for the matters under dispute, the Parties shall continue to respectively exercise their other rights under this Agreement and perform their other obligations under this Agreement.

 

6.                                      Taxes and Fees

 

Unless otherwise stipulated in this Agreement, Party A and Party C shall pay any and all transfer and registration tax, expenses and fees incurred thereby or levied thereon in accordance with the laws of China in connection with the preparation and signing of this Agreement and all Transfer Contracts, as well as the consummation of the transactions contemplated under this Agreement and all Transfer Contracts.

 

 

7.                                      Notices

 

7.1                               All notices and other communications required or given pursuant to this Agreement shall be delivered by hand or sent by registered mail, postage prepaid, by a commercial courier service or by facsimile transmission to the address of such party set forth below. Each notice shall also be served by E-mail. The dates on which notices are deemed effectively served shall be determined as follows;

 

7.1.1                     Notices delivered by hand, by courier service or by registered mail, postage prepaid, shall be deemed effectively served on the date of delivery or refusal at the address specified for notices.

 

7.1.2                     Notices sent by facsimile transmission shall be deemed effectively served on the date of successful transmission (as evidenced by an automatically generated confirmation of transmission).

 

7.2                               For the purpose of notice, the addresses of the Parties are as set forth as follows:

 

Party A:

 

[Beijing Dake Information Technology Co. Ltd.] (北京大氪信息科技有限公司)

 

	
Address:
    	
[5th Floor, Block A1, Junhao Central Park Plaza,   No.10 Chaoyang Park South Road, Chaoyang District, Beijing] (北京市朝阳区朝阳公园南路10号骏豪中央公园广场A1座5层)
    
	
 
    	
 
    
	
Contact person:
    	
Wang Jingyu
    
	
 
    	
 
    
	
Telephone number:
    	
15101150221
    

 

Party B:

 

1.                          [Beijing Xieli Zhucheng Financial Information Services Co. Ltd.] (北京协力筑成金融信息服务股份有限公司)

 

	
Address:
    	
[5th Floor, Block A1, Junhao Central Park Plaza,   No.10 Chaoyang Park South Road, Chaoyang District, Beijing] (北京市朝阳区朝阳公园南路10号骏豪中央公园广场A1座5层)
    
	
 
    	
 
    
	
Contact person:
    	
Wang Jingyu
    
	
 
    	
 
    
	
Telephone number:
    	
15101150221
    

 

 

 

2.                          [Tianjin Zhanggongzi Technology Partnership (Limited Partnership)] (天津张公子科技合伙企业(有限合伙))

 

	
Address:
    	
[5th Floor, Block A1, Junhao Central Park Plaza, No.10 Chaoyang Park   South Road, Chaoyang District, Beijing] (北京市朝阳区朝阳公园南路10号骏豪中央公园广场A1座5层)
    
	
 
    	
 
    
	
Contact person:
    	
Wang Jingyu
    
	
 
    	
 
    
	
Telephone number:
    	
15101150221
    

 

3.                          [Shenzhen Guohong No.2 Enterprise Management Partnership (Limited Partnership)](深圳国宏贰号企业管理合伙企业(有限合伙))

 

	
Address:
    	
[10th Floor, Building 4, Phase I, Shangmeilin   Excellence City, Futian District, Shenzhen] (深圳市福田区上梅林卓越城1期4栋10层)
    
	
 
    	
 
    
	
Contact person:
    	
Xian Handi
    
	
 
    	
 
    
	
Telephone number:
    	
15507579439
    

 

4.                          [Ningbo Meishan Bonded Port Area Tianhong Luheng Investment Management Partnership (Limited Partnership)] (宁波梅山保税港区天弘绿珩投资管理合伙企业(有限合伙))

 

	
Address:
    	
Room 1202, Block B, Global Trade Center, No.36   East 3rd Ring Road, Dongcheng District,   Beijing
    
	
 
    	
 
    
	
Contact person:
    	
Zhang Yusong
    
	
 
    	
 
    
	
Telephone number:
    	
13681539013
    

 

5.                          [Gongqingcheng Fenzhong Chuangxiang Information Technology Co. Ltd.] (共青城分众创享信息技术有限公司)

 

	
Address:
    	
28th Floor, No.369 Jiangsu Road, Changning   District, Shanghai
    
	
 
    	
 
    
	
Contact person:
    	
Lin Nan
    
	
 
    	
 
    
	
Telephone number:
    	
18621585219
    

 

 

 

6.                          [Suzhou Industrial Park Gebi Yinghe Venture Capital Partnership (Limited Partnership)] (苏州工业园区戈壁赢合创业投资合伙企业(有限合伙))

 

	
Address:
    	
Room 1508, Gopher Center, No.757 Mengzi Road,   Huangpu District, Shanghai
    
	
 
    	
 
    
	
Contact person:
    	
wing
    
	
 
    	
 
    
	
Telephone number:
    	
021-5629 5805
    

 

7.                          [Beijing Wentou Huyu Investment Co. Ltd.] (北京文投互娱投资有限责任公司)

 

	
Address:
    	
Room 303, 3rd Floor, Building 56, No.2 Jingyuan North   Street, Beijing Economic-Technological Development Area, Beijing
    
	
 
    	
 
    
	
Contact person:
    	
Sun Weibo
    
	
 
    	
 
    
	
Telephone number:
    	
18911067311
    

 

8.                          [Beijing Gebi Lvzhou Angel Investment Center (Limited Partnership)] (北京戈壁绿洲天使投资中心(有限合伙))

 

	
Address:
    	
Room 906, Tower H, Phoenix Place, Jia No.5 Shuguang Xili,   Beijing
    
	
 
    	
 
    
	
Contact person:
    	
wing
    
	
 
    	
 
    
	
Telephone number:
    	
86-10-8455 4115
    

 

9.                          [Wuhan Feixiang Automotive Electronics Industry Investment Partnership (Limited Partnership)](武汉斐翔汽车电子产业投资合伙企业(有限合伙))

 

	
Address:
    	
Room 3016, Block A, No.580 Nanjing West Road,   Jing’an District, Shanghai
    
	
 
    	
 
    
	
Contact person:
    	
Hu Yaoshun
    
	
 
    	
 
    
	
Telephone number:
    	
18918000960
    

 

 

Party C:

 

[Beijing Duoke Information Technology Co. Ltd.] (北京多氪信息科技有限公司)

 

	
Address:
    	
[5th Floor, Block A1, Junhao Central Park Plaza,   No.10 Chaoyang Park South Road, Chaoyang District, Beijing] (北京市朝阳区朝阳公园南路10号骏豪中央公园广场A1座5层)
    
	
 
    	
 
    
	
Contact person:
    	
Wang Jingyu
    
	
 
    	
 
    
	
Telephone number:
    	
15101150221
    

 

7.3                               Any Party may at any time change its address for receiving notices by a notice delivered to the other Parties in accordance with the terms in this Section.

 

8.                                      Confidentiality

 

The Parties acknowledge that the existence and the terms of this Agreement and any oral or written information exchanged between the Parties in connection with the preparation and performance of this Agreement are regarded as confidential information. Each Party shall maintain confidentiality of all such confidential information, and it shall not disclose any confidential information to any third parties without obtaining the written consent of other Parties, except for the information that: (a) is or will be known by members of public (other than through the receiving Party’s unauthorized disclosure); (b) is subject to the obligation to be disclosed pursuant to the applicable laws or regulations, stock exchange rules, or orders of government authorities or courts; or (c) is required to be disclosed by any Party to its shareholders, directors, employees, legal counsels or financial advisors regarding the transaction contemplated hereunder, provided that such shareholders, directors, employees, legal counsels or financial advisors shall be bound by the confidentiality obligations similar to those set forth in this Section. Disclosure of any confidential information by the shareholders, director, employees of or agencies engaged by any Party shall be deemed disclosure of such confidential information by such Party, and such Party shall be held liable for breach of this Agreement.

 

9.                                      Further Assurance

 

The Parties agree to promptly sign documents that are reasonably required for or are conducive to the implementation of the provisions and purposes of this Agreement and take further actions that are reasonably required for or are conducive to the implementation of the provisions and purposes of this Agreement.

 

 

10.                               Breach of Agreement

 

If Party B or Party C conducts any material breach of any term of this Agreement, Party A shall have right to terminate this Agreement and/or require Party B or Party C to indemnify all damages; this Section 10 shall not prejudice any other rights of Party A herein.

 

11.                               Miscellaneous

 

11.1                        Amendment, Change and Supplement

 

Any amendment, changes and supplement to this Agreement shall require the signing of a written agreement by all of the Parties.

 

11.2                        Entire Agreement

 

Except for the amendments, supplements or changes in writing executed after the execution of this Agreement, this Agreement shall constitute the entire agreement reached by and among the Parties hereto with respect to the subject matter hereof, and shall supersede all prior oral or written consultations, representations, and contracts reached with respect to the subject matter of this Agreement.

 

11.3                        Headings

 

The headings of this Agreement are for ease of reading only, and shall not be used to interpret, explain or otherwise affect the meanings of the provisions of this Agreement.

 

11.4                        Counterparts

 

This Agreement is written in Chinese in eleven copies, each Party shall hold one copy.

 

11.5                        Severability

 

In the event that one or several of the provisions of this Agreement are found to be invalid, illegal or unenforceable in any aspect in accordance with any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement shall not be affected or compromised in any respect. Through negotiations in good faith, the Parties shall strive to replace such invalid, illegal or unenforceable provisions with effective provisions that are to the greatest extent permitted by law and the intentions of the Parties, and the economic effect of such effective provisions shall be as close as possible to the economic effect of those invalid, illegal or unenforceable provisions.

 

 

11.6                        Assignment of Agreement

 

Without Party A’s prior written consent, Party B and Party C shall not assign their respective rights and obligations under this Agreement to any third party. Party B and Party C hereby agree that Party A may assign its rights and obligations under this Agreement to any third party and in case of such assignment, Party A shall only be required to give written notice to Party B and Party C without the need of obtaining the consent of Party B for such assignment. Party B hereby agrees and confirms that, in the event that Party B is dead or becomes person with limited capacity or no capacity, all the equity interest in Party C held by Party B shall automatically and unconditionally be transferred to Party A or the Designee(s) of Party A at the Equity Interest Purchase Price as agreed in Section 1.3. The Equity Interest Purchase Price payable to Party B shall be dealt with in accordance with the agreed provision of Section 1.3.

 

11.7                        Successors

 

This Agreement shall be binding on and inure to the interest of the respective successors and the permitted assignees of the Parties.

 

11.8                        Survival

 

11.8.1              Any obligations arising from or becoming due as a result of this Agreement before the expiration or premature termination of this Agreement shall survive such expiration or premature termination thereof.

 

11.8.2              The provisions of Sections 5, 8 and 10 and this Section 11.8 shall survive the termination of this Agreement.

 

11.9                        Waivers

 

Any Party may waive the terms and conditions of this Agreement, provided that such a waiver must be made in writing and signed by the Parties. Any waiver by a Party to a breach by the other Parties in a specific situation shall not be construed as a waiver to any similar breach by the other Parties in other situations.

 

 

IN WITNESS WHEREOF, the Parties have authorized their representatives to sign this Exclusive Option Agreement, which shall take immediate effect, as of the date first above written.

 

Party A:

 

[Beijing Dake Information Technology Co. Ltd.] (北京大氪信息科技有限公司) (stamp) [chopped: Beijing Dake Information Technology Co. Ltd. 1101052095304]

 

Signature:

 

Position:

 

 

IN WITNESS WHEREOF, the Parties have authorized their representatives to sign this Exclusive Option Agreement, which shall take immediate effect, as of the date first above written.

 

Party B:

 

[Beijing Xieli Zhucheng Financial Information Services Co. Ltd.] (北京协力筑成金融信息服务股份有限公司) (stamp) [chopped: Beijing Xieli Zhucheng Financial Information Services Co. Ltd. 1101080814347]

 

Signature:

 

Position:

 

 

IN WITNESS WHEREOF, the Parties have authorized their representatives to sign this Exclusive Option Agreement, which shall take immediate effect, as of the date first above written.

 

Party B:

 

[Tianjin Zhanggongzi Technology Partnership (Limited Partnership)] (天津张公子科技合伙企业(有限合伙)) (stamp) [chopped: Tianjin Zhanggongzi Technology Partnership (Limited Partnership)]

 

Signature:

 

Position:

 

 

IN WITNESS WHEREOF, the Parties have authorized their representatives to sign this Exclusive Option Agreement, which shall take immediate effect, as of the date first above written.

 

Party B:

 

[Shenzhen Guohong No.2 Enterprise Management Partnership (Limited Partnership)] (深圳国宏贰号企业管理合伙企业(有限合伙)) (stamp) [chopped: Shenzhen Guohong No.2 Enterprise Management Partnership (Limited Partnership)]

 

Signature:

 

Position:

 

 

IN WITNESS WHEREOF, the Parties have authorized their representatives to sign this Exclusive Option Agreement, which shall take immediate effect, as of the date first above written.

 

Party B:

 

[Ningbo Meishan Bonded Port Area Tianhong Luheng Investment Management Partnership (Limited Partnership)] (宁波梅山保税港区天弘绿珩投资管理合伙企业(有限合伙)) (stamp) [chopped: Ningbo Meishan Bonded Port Area Tianhong Luheng Investment Management Partnership (Limited Partnership) 3302060231082]

 

Signature:

 

Position:

 

[chopped: Sun Ningyu]

 

 

IN WITNESS WHEREOF, the Parties have authorized their representatives to sign this Exclusive Option Agreement, which shall take immediate effect, as of the date first above written.

 

Party B:

 

[Gongqingcheng Fenzhong Chuangxiang Information Technology Co. Ltd.] (共青城分众创享信息技术有限公司) (stamp) [chopped: Gongqingcheng Fenzhong Chuangxiang Information Technology Co. Ltd. 3604820009040]

 

	
Signature:
    	
[signed]
    
	
 
    	
 
    
	
Position:
    	
legal representative
    

 

Signing page of Exclusive Option Agreement of [Beijing Duoke Information Technology Co. Ltd.] (北京多氪信息科技有限公司)

 

 

IN WITNESS WHEREOF, the Parties have authorized their representatives to sign this Exclusive Option Agreement, which shall take immediate effect, as of the date first above written.

 

Party B:

 

[Suzhou Industrial Park Gebi Yinghe Venture Capital Partnership (Limited Partnership)] (苏州工业园区戈壁赢合创业投资合伙企业(有限合伙)) (stamp) [chopped: Suzhou Industrial Park Gebi Yinghe Venture Capital Partnership (Limited Partnership) 3205940045568]

 

Signature:

 

Position:

 

 

IN WITNESS WHEREOF, the Parties have authorized their representatives to sign this Exclusive Option Agreement, which shall take immediate effect, as of the date first above written.

 

Party B:

 

[Beijing Gebi Lvzhou Angel Investment Center (Limited Partnership)] (北京戈壁绿洲天使投资中心(有限合伙)) (stamp) [chopped: Beijing Gebi Lvzhou Angel Investment Center (Limited Partnership) 1101080319389]

 

Signature:

 

Position:

 

 

IN WITNESS WHEREOF, the Parties have authorized their representatives to sign this Exclusive Option Agreement, which shall take immediate effect, as of the date first above written.

 

Party B:

 

[Beijing Wentou Huyu Investment Co. Ltd.] (北京文投互娱投资有限责任公司) (stamp) [chopped: Beijing Wentou Huyu Investment Co. Ltd. 1001760012816]

 

Signature: [signed]

 

Position:

 

 

IN WITNESS WHEREOF, the Parties have authorized their representatives to sign this Exclusive Option Agreement, which shall take immediate effect, as of the date first above written.

 

Party B:

 

[Wuhan Feixiang Automotive Electronics Industry Investment Partnership (Limited Partnership)] (武汉斐翔汽车电子产业投资合伙企业(有限合伙)) (stamp) [chopped: Wuhan Feixiang Automotive Electronics Industry Investment Partnership (Limited Partnership) 4201190181518]

 

Signature: [signed]

 

Position:

 

 

IN WITNESS WHEREOF, the Parties have authorized their representatives to sign this Exclusive Option Agreement, which shall take immediate effect, as of the date first above written.

 

Party C:

 

[Beijing Duoke Information Technology Co. Ltd.] (北京多氪信息科技有限公司) (stamp) [chopped: Beijing Duoke Information Technology Co. Ltd. 1101081481921]

 

Signature:

 

Position:

 

 

Attachments:

 

1.                                      Party C’s register of shareholders;

 

2.                                      Party C’s capital contribution certificate.

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