Document:

Exhibit 4.4

 

SHAREHOLDERS' AGREEMENT

 

THIS SHAREHOLDERS' AGREEMENT
(this "Agreement") is entered into on April 10, 2018 (the "Signing Date"), by and among:

 

		(1)	Weidai Ltd., an exempted company duly incorporated with limited liability and validly existing
under the Laws of the Cayman Islands (the "Company");

 

		(2)	the party listed on Part I of Exhibit A attached hereto (the “Series A Investor”);

 

		(3)	the party listed on Part II of Exhibit A attached hereto (the “Series A+
Investor”);

 

		(4)	the parties listed on Part III of Exhibit A attached hereto (the “Series
B Investors”, and each a “Series B Investor”);

 

		(5)	the parties listed on Part IV of Exhibit A attached hereto (the “Series
C Investors”, and each a “Series C Investor”, together with the Series A Investor, the Series A+ Investor
and the Series B Investors, the “Investors” and each an “Investor”);

 

		(6)	the parties listed on Part V of Exhibit A (the "Founder Parties"
and each, a "Founder Party"); and

 

		(7)	the parties listed on Part VI of Exhibit A (the "Ordinary Purchasers"
and each, an "Ordinary Purchaser").

 

Each of the forgoing parties is referred to
herein individually as a "Party" and collectively as the "Parties".

 

RECITALS

 

A.           Each
of the Ordinary Purchasers and the Investors has individually entered into a Share Subscription Agreement with the Company dated
April 10, 2018 (the "Share Subscription Agreements").

 

B.           Each
Share Subscription Agreement requires that the Parties enter into this Agreement as a condition to the consummation of transactions
contemplated therein.

 

C.           The
Parties intend to enter into this Agreement and make the respective representations, warranties, covenants and agreements set forth
herein on the terms and conditions set forth herein.

 

AGREEMENT

 

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

 

		1.	DEFINITIONS

 

Unless otherwise
defined in this Agreement, capitalized terms used in this Agreement shall have the meanings set forth in Exhibit B.

 

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		2.	CORPORATE GOVERNANCE

 

		2.1	Board of Directors.

 

(i)          Board
Composition. On and after the Closing, the Company shall have a board of directors (the "Board") consisting
of seven (7) directors. Subject to the applicable U.S. securities laws and regulations, the Board shall be constituted as follows:

 

		(a)	Handing shall be entitled to appoint and remove two (2) directors (the “Investor Directors”
and each, an “Investor Director”) of the Board; and

 

		(b)	The Founder Parties shall be entitled to appoint and remove five (5) directors of the Board.

 

(ii)         Removal
and Replacement. Any Shareholder or group of Shareholders entitled to designate any individual to be elected as a director
of the Board pursuant to Section 2.1(i) shall have the right to remove any such director occupying such position and to
fill any vacancy caused by the death, disability, retirement, resignation or removal of any director occupying such position. If
a vacancy is created on the Board at any time by the death, disability, retirement, resignation or removal of any director designated
pursuant to Section 2.1(i), the replacement to fill such vacancy shall be designated in the same manner as the director
who is being replaced in accordance with Section 2.1(i). For the avoidance of doubt, each director so appointed pursuant
to Section 2.1(i) shall possess the necessary qualifications as required under the applicable U.S. securities laws and regulations.

 

(iii)        Board
Meetings. A quorum for a Board meeting shall consist of a majority of all directors. If a quorum is not present within half
an hour from the time appointed for the Board meeting or if during such a meeting a quorum ceases to be present, then such meeting
shall be adjourned for no more than fifteen (15) Business Days at the same place or such other time and place the directors then
present may determine, provided that, a notice of the adjourned Board meeting shall be sent to each director at least three (3)
Business Days before the adjourned Board meeting. The number of the directors attending such adjourned Board meeting shall constitute
a quorum at such adjourned Board meeting, provided that matters discussed in such adjourned meeting shall be limited to
those stated in the written notices and agendas of such meeting. Each director shall be entitled to appoint alternates to serve
at any Board meeting (or the meeting of a committee formed by the Board), and such alternates shall be permitted to attend all
Board meetings and vote on such director's behalf.

 

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2.2       Protective
Provisions. For so long as any Preferred Share remains outstanding, the Company shall not, and the Company shall cause other
Group Company not to, directly or indirectly, and whether by amendment, merger, consolidation, scheme of arrangement, amalgamation,
or otherwise, take any of the actions listed in Exhibit C attached hereto without the prior written consent of the Super
Majority Holders. Notwithstanding anything to the contrary contained herein, where any act listed in Exhibit C requires
the approval of the Shareholders in accordance with the Statute, and if the Shareholders vote in favour of such act but the approval
of the Super Majority Holders has not yet been obtained, the Shareholders who vote against such act at a meeting of the Shareholders
in aggregate shall have the voting rights equal to the aggregate voting power of all the Shareholders who voted in favor of such
act plus one (1).

 

2.3       Voting
Agreement. Each Shareholder agrees that it shall vote all of its Shares (or give shareholders' consent) in such manner that
gives effect to the provisions of this Agreement, including without limitation to cause the Board to be constituted in accordance
with Section 2.1(i).

 

		3.	RIGHTS AND RESTRICTIONS IN RESPECT OF SHARE ISSUANCE AND TRANSFER

 

3.1          Transfer
Restriction of the Ordinary Shareholders. At any time prior to the QIPO, none of the Ordinary Shareholders shall transfer any
Ordinary Shares directly or indirectly owned by him/it without the prior written consent of the Series C Investors.

 

3.2          Exempted
Transfer. The transfer restrictions under Section 3.1 and the Right of First Refusal and Right of Co-Sale under Sections
3.3 shall not apply to the transfer of any Shares pursuant to the ESOP (each such transferee, a “Permitted Transferee”);
provided, that each such Permitted Transferee, prior to the completion of the transfer, shall have executed a joinder agreement,
in form and substance approved by the Board, to assume the obligations of an Ordinary Shareholder under this Agreement, with respect
to the transferred Shares; provided further, that the transferor shall remain liable for any breach by such Permitted Transferee
of any provision under this Agreement.

 

3.3          Rights
in Respect of Share Issuance or Transfer. Each holder of the Preferred Shares shall have the Preemptive Right, the Right of
First Refusal and Right of Co-Sale as set forth in Exhibit E attached hereunder.

 

3.4         Waiver.
In respect of any particular proposed issuance or transfer of Shares, the applicable Preemptive Right, Right of First Refusal or
Right of Co-Sale may be waived as follows:

 

(i)          for
a right held by the holders of the Series C Preferred Shares, by written consent signed by the Series C Preferred Majority;

 

(ii)         for
a right held by the holders of the Series B Preferred Shares, by written consent signed by the Series B Preferred Majority;

 

(iii)        for
a right held by the holders of the Series A+ Preferred Shares, by written consent signed by the Series A+ Preferred Majority.

 

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3.5          Transfer
Defined. For the purpose of this Agreement, the term "transfer" shall include any direct or indirect transfer, sale,
assignment or any other disposal (including creation of any encumbrance), and its verb form and the terms of "transferor"
and "transferee" shall have the meaning correlative to the foregoing. In the case that any Ordinary Share is held by
its ultimate beneficial owner through one or more level of holding companies, any transfer, repurchase, or new issuance of the
shares of such holding companies or similar transactions that have the effect of change the beneficial ownership of such Ordinary
Share shall be deemed as an indirect transfer of such Ordinary Shares. The Parties agree that the restrictions on the transfer
of the Ordinary Shares contained in this Agreement shall apply to such indirect transfer and shall not be circumvented by means
any indirect transfer of the Ordinary Shares.

 

3.6          New
Shareholders. Unless otherwise approved by the Board, any new shareholder of the Company who is not already a Party to this
Agreement shall, not later than the time that it becomes a shareholder of the Company, agree in writing that it adhere to, and
be bound by, the terms of this Agreement as a Party to this Agreement.

 

3.7          Prohibited
Issuance or Transfer Void. The Company agrees that any issuance or transfer of Shares not made in compliance with this Agreement
shall be null and void as against the Company, shall not be recorded on the register of members of the Company and shall not be
recognized by the Company.

 

		4.	RESTRICTED SHARES

 

Each of the Founder
Parties agrees and acknowledges that all the Ordinary Shares directly or indirectly owned by him/it, shall be designated as "Restricted
Shares" and shall be subject to the restrictions as set forth on Exhibit D.

 

		5.	DRAG-ALONG RIGHTS 

 

5.1          Drag-Along
Rights. If the holder(s) of at least fifty percent (50%) of the voting power of the then issued and outstanding Shares of the
Company (calculated on a fully diluted and as-converted basis) including the Founder Parties and the Series C Investors (together,
the "Drag-Along Shareholders") collectively approve the sale of Shares or a Trade Sale (each, an "Approved
Sale") to a bona fide third-party potential purchaser (the "Potential Purchaser") any time after the
Closing at a valuation of the Company exceeding RMB 15 billion or the equivalents in other currency, then upon written notice from
the Drag-Along Shareholders, each of the other shareholders of the Company (the "Dragged Shareholders") shall
(i) vote, or give its written consent with respect to, all the Shares held by them in favor of such proposed Approved Sale and
in opposition of any proposal that could reasonably be expected to delay or impair the consummation of any such proposed Approved
Sale; (ii) sell, transfer, and/or exchange, as the case may be, all of their Shares in such Approved Sale to such Potential Purchaser;
(iii) refrain from exercising any dissenters' rights or rights of appraisal under applicable Law at any time with respect to or
in connection with such proposed Approved Sale; and (iv) take all actions reasonably necessary to consummate the proposed Approved
Sale. Upon the approval of an Approved Sale as described in this Section 5.1, each Shareholder (other than Drag-Along Shareholders)
shall grant to the chief executive officer (“CEO”) or an authorized officer, a power of attorney to transfer
their Shares and to do and carry out all other necessary or advisable acts to complete the Approved Sale, including, without limitation,
executing any and all documents (including instruments of transfer) on behalf of such Shareholder. The CEO or an authorized officer
shall be authorized to transfer the Shares of each such Shareholder and to do and carry out all other necessary or advisable acts
to complete the Approved Sale, including, without limitation, executing any and all documents (including instruments of transfers)
on behalf of each such Shareholder. Notwithstanding any provision to the contrary, the share transfer restrictions of Section
3 of this Agreement shall not apply to any transfers made pursuant to this Section 5.

 

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		6.	ADDITIONAL AGREEMENTS

 

6.1          Market
Stand-Off. Each Shareholder hereby irrevocably undertakes to the Company that it will not, during the period commencing from
the issuance date of the Shares held by such Shareholder until one hundred eighty (180) days from the date of the consummation
of an initial public offering of the Shares of the Company, take any of the following actions:

 

(i)          lend,
offer, pledge, hypothecate, hedge, encumber, sell, make any short sale of, loan, contract to sell, sell any option or contract
to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or
dispose of, directly or indirectly, any Equity Securities of the Company (other than those included in such offering), whether
any such transaction described in this clause (i) is to be settled by delivery of Equity Securities of the Company or such other
securities, in cash or otherwise; or

 

(ii)         enter
into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership
of the Equity Securities of the Company, whether any such transaction described in this clause (ii) is to be settled by delivery
of Equity Securities of the Company or such other securities, in cash or otherwise.

 

The Shareholders
shall have entered into lockup agreements in the form attached hereto as Exhibit F. The underwriters in connection with
the Company's initial public offering are intended third party beneficiaries of Section 6.1 hereof and shall have the right,
power and authority to enforce the provisions hereof as though they were a party hereto. In order to enforce the foregoing covenant,
the Company may place restrictive legends on the certificates and impose stop-transfer instructions with respect to the Shares
of each Shareholder (and the shares or securities of every other Person subject to the foregoing restriction) until the end of
such period. This Section 6.1 shall terminate immediately upon an official withdrawal of the application initiated by the
Company in connection with its initial public offering, evidenced by formal cancellations of the relevant filings made with the
Commission.

 

6.2          Founder's
Commitment. The Founder undertakes to the Series C Investors that, for as long as the Series C Investors hold any Share of
the Company, he will devote his working time and attention exclusively to the business of the Group, and will use his best efforts
to promote the Group Companies’ interests until the third (3rd) anniversary of a QIPO.

 

6.3          Non-Competition.
The Founder undertakes to the Investors that from the Signing Date, he shall not, and he shall cause the Key Employees not to,
without the prior written consent of the Series C Investors, either on his/her own account or through any of his Affiliates, or
in conjunction with or on behalf of any other Person: (i) be engaged or invest, directly or indirectly in any business in competition
with the business engaged by any Group Company; (ii) provide service of any form to any entity engaged in any business in competition
with the business engaged by any Group Company; or (iii) solicit or entice away or attempt to solicit or entice away to a competitor
from any Group Company, any employee, consultant, supplier, customer, client, representative, or agent of such Group Company.

 

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6.4         Memorandum
and Articles. In the event of any conflict or inconsistency between any of the terms of this Agreement and any of the terms
of the Memorandum and Articles, the terms of this Agreement shall prevail in all respects with regard to the Parties (other than
the Company), the Parties (other than the Company) shall give full effect to and act in accordance with the provisions of this
Agreement over the provisions of the Memorandum and Articles, and the Parties (other than the Company) shall exercise all voting
and other rights and powers (including to procure any required alteration to the Memorandum and Articles to resolve such conflict
or inconsistency) to make the provisions of this Agreement effective.

 

6.5         Performance
Target.

 

(i)          Each
of the Founder Parties hereby undertakes to the Series C Investors and the Series B Investors that the audited after tax operation
net income (which shall be referred hereunder as the “Net Income”; for the avoidance of doubt, the after tax
operation net income shall equal to after tax operation net profits plus any tax refunds or tax return received from the relevant
Governmental Authority, plus any costs, expenses and share based compensation incurred by the Company in association with the issuance
of any employee share option, share award or other equity incentives pursuant to the ESOP) of the Group Company for the fiscal
year of 2017 and 2018 (collectively, the “Warranty Period”) shall equal to at least RMB500,000,000 and RMB700,000,000,
respectively (such target Net Income set for the applicable fiscal year shall be referred hereunder as the “Net Income
Target”).

 

(ii)         Subject
to Section 6.5(iv) below, during the Warranty Period, if the Company fails to achieve any Net Income Target for a particular
fiscal year, the Founder Parties shall reimburse the Company, in the form of cash, an amount equal to the difference between the
actual Net Income realized during such fiscal year and the Net Income Target for such fiscal year, within 10 days following the
issuance of the audited annual financial statements of the Group Companies.

 

(iii)        The
Net Income realized by the Group Companies for each fiscal year within the Warranty Period shall be determined by a qualified accounting
firm appointed by the Company, and the determination of which shall be free of material qualifications.

 

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6.6          Confidentiality.

 

(i)          Each
Party shall, and shall cause any Person who is Controlled by such Party to, keep confidential the existence and content of this
Agreement, the other Transaction Documents and any related documentation, the identities of any of the Parties, and other information
of a non-public nature received from any other Party or prepared by such Party exclusively in connection herewith or therewith
(collectively, the “Confidential Information”) unless the Company and the Investors shall mutually agree otherwise;
provided, that any Party may disclose Confidential Information or permit the disclosure of Confidential Information (a) to the
extent required by applicable Laws or the rules of any stock exchange; provided that such Party shall, where practicable and to
the extent permitted by applicable Laws, provide the other Parties with prompt written notice of that fact and use all reasonable
efforts to seek (with the cooperation and reasonable efforts of the other Parties) a protective order, confidential treatment or
other appropriate remedy; and in such event, such Party shall furnish only that portion of the information which is legally required
to be disclosed and shall exercise reasonable efforts to keep such information confidential to the extent reasonably requested
by any such other Parties, (b) to its officers, directors, employees, and professional advisors on a need-to-know basis for the
performance of its obligations in connection herewith so long as such Party advises each Person to whom any Confidential Information
is so disclosed as to the confidential nature thereof, in each case only where such Person are under appropriate nondisclosure
obligations, (c) in the case of any Investor, to its auditors, counsel, directors, officers, employees, fund manager, shareholders,
partners or investors so long as such Investor advises each Person to whom any Confidential Information is so disclosed as to the
confidential nature thereof, in each case only where such Person are under appropriate nondisclosure obligations, and (d) to its
current or bona fide prospective investors, investment bankers and any Person otherwise providing substantial debt or equity financing
to such Party so long as such Party advises each Person to whom any Confidential Information is so disclosed as to the confidential
nature thereof, in each case only where such Person are under appropriate nondisclosure obligations. Notwithstanding anything to
the contrary, the Company shall have the right to disclose Confidential Information of any Party hereunder, at its sole discretion,
to its employees, directors, underwriters, legal counsels, tax advisors, or other professionals, agents, entities, Governmental
Authorities (including but not limited to any stock exchange), for purpose of facilitating its initial public offering endeavor.

 

(ii)         For
the avoidance of doubt, Confidential Information does not include information that (i) was already in the possession of the receiving
Party before such disclosure by the disclosing Party, (ii) is or becomes available to the public other than as a result of disclosure
by the receiving Party in violation of this Section 6.6, or (iii) is or becomes available to the receiving Party from a
third party who has no confidentiality obligations to the disclosing Party. The Parties shall not make any announcement regarding
the consummation of the transaction contemplated by this Agreement, other Transaction Documents and any related documentation in
a press release, conference, advertisement, announcement, professional or trade publication, marketing materials or otherwise to
the general public without the prior written Consent of the Company and the Investors.

 

6.7          Put
Option.

 

(i)          Put
Option of the Series C Shareholders.

 

(a)       Upon
the occurrence of any of the following events (“Series C Put Option Event”), each of the Founder Parties irrevocably
and unconditionally undertakes and covenants to the Series C Preferred Shareholders that, at the written request of the Series
C Preferred Majority, each Series C Preferred Shareholder shall have a put option to sell to the Founder Parties all or any portion
of the Series C Preferred Shares held by such requesting Series C Preferred Shareholder, at any time after the earlier of:

 

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(A)      if
the Company fails to complete a QIPO by the end of 2019, or a Trade Sale with an implied valuation of the Group Companies of no
less than RMB15 billion by the end of 2019,

 

(B)      the
occurrence of a material breach of the Transaction Documents by any of the Founder Parties or Group Companies, or

 

(C)       failure
to achieve any Net Income Target as set forth in Section 6.5 hereof.

 

(b)       The
purchase price for each outstanding Series C Preferred Share (the "Series C Put Option Price") shall be determined
as follows:

 

(A)       With
respect to the Series C Preferred Shares held by FANGWJ and Seed Field, an amount equal to the greater of the following:

 

(x)          an
amount equal to 100% of the Series C Issue Price, together with a 15% annual simple return (calculated from the Series C Issue
Date to the Put Option Price Payment Date (as defined below)), plus all declared but unpaid dividends, and minus all dividends
that have been paid on such Series C Preferred Share,

 

(y)          an amount equal to 150% of the Series C Issue Price, or

 

(z)          an amount equal to the quotient obtained by dividing the net assets of the Group Companies (as indicated in the audited financial
statements of the Group Companies ending on the last month immediately prior to the Series C Put Option Event prepared by a reputable
audit firm or other accounting firm selected by the Company and the Series C Preferred Majority) by the total outstanding Shares
of the Company calculated on an as-converted basis.

 

(B)       With
respect to the Series C Preferred Shares held by New Oriental, an amount equal to 100% of the Series C Issue Price, together with
a 15% annual simple return (calculated from January 1, 2018 to the Put Option Price Payment Date (as defined below)), plus all
declared but unpaid dividends, and minus all dividends that have been paid on such Series C Preferred Share.

 

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(ii)         Put
Option of the Series B Shareholders.

 

(a)       Each
of the Founder Parties irrevocably and unconditionally undertakes and covenants to the Series B Preferred Shareholders that, at
the written request of the Series B Preferred Majority, each Series B Preferred Shareholder shall have a put option to sell to
the Founder Parties all or any portion of the Series B Preferred Shares held by such requesting Series B Preferred Shareholder,
at any time if the Company fails to achieve any Net Income Target as set forth in Section 6.5 hereof (the “Series
B Put Option Event”).

 

(b)       The
purchase price for each outstanding Series B Preferred Share (the "Series B Put Option Price") shall be determined
as follows:

 

(A)      with
respect to the Series B Preferred Shares held by Handing, an amount equal to the greater of the following:

 

(x)          100%
of the Series B Issue Price, together with a 15% annual simple return (calculated from the Series B Issue Date 1 to the Put Option
Price Payment Date), and minus all dividends that have been paid on such Series B Preferred Share,

 

(y)       an
amount equal to 150% of the Series B Issue Price (the “Series B Fixed Return”), or

 

(z)       an
amount equal to the quotient obtained by dividing the net assets of the Group Companies (as indicated in the audited financial
statements of the Group Companies ending on the last month immediately prior to the Series B Put Option Event prepared by a reputable
audit firm or other accounting firm selected by the Company and the Series B Preferred Majority) by the total outstanding Shares
of the Company calculated on an as-converted basis (the “Series B FMV Return”).

 

(B)      with
respect to the Series B Preferred Shares held by Guosheng, an amount equal to the greater of the following: (x) 100% of the Series
B Issue Price, together with a 15% annual simple return (calculated from the Series B Issue Date 2 to the Put Option Price Payment
Date), plus all declared but unpaid dividends, and minus all dividends that have been paid on such Series B Preferred Share, (y)
the Series B Fixed Return, or (z) the Series B FMV Return.

 

(B)      with
respect to Series B Preferred Shares held by Shanan, an amount equal to the greater of the following: (x) 100% of the Series B
Issue Price, together with a 15% annual simple return (calculated from the Series B Issue Date 3 to the Put Option Price Payment
Date), and minus all dividends that have been paid on such Series B Preferred Share, (y) the Series B Fixed Return, or (z) the
Series B FMB Return.

 

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(iii)        Put
Option of the Series A+ Shareholders.

 

(a)       Each
of the Founder Parties irrevocably and unconditionally undertakes and covenants to the Series A+ Preferred Shareholders that, at
the written request of the Series A+ Preferred Majority, each Series A+ Preferred Shareholder shall have a put option to sell to
the Founder Parties all or any portion of the Series A+ Preferred Shares held by such requesting Series A+ Preferred Shareholder,
at any time after the Series A+ Issue Date (the “Series A+ Put Option Event”).

 

(b)       The
purchase price for each outstanding Series A+ Preferred Share (the "Series A+ Put Option Price") shall equal to
100% of the Series A+ Issue Price, together with a 20% annual simple return (calculated from the Series A+ Issue Date to the Put
Option Price Payment Date).

 

(iv)      In
the event any Preferred Shareholder decides to exercise its put option, such Preferred Shareholder shall send a put option exercise
notice (the “Put Option Exercise Notice”) to the Company and the Founder Parties indicating the number of Preferred
Shares it intends to sell to the Founder Parties. The Founder Parties shall pay such requesting Preferred Shareholder the full
amount of the applicable Put Option Price for each Preferred Share requested to be put to the Founder Parties, in cash or other
form of consideration agreed by such Preferred Shareholder, within 10 business days following the receipt of the Put Option Exercise
Notice (the “Put Option Price Payment Date”).

 

(v)       If
the Founder Parties do not have sufficient funds for the full payment of Put Option Price to all requesting Preferred Shareholders,
then any funds available for distribution shall be distributed ratably among the requesting Preferred Shareholders in proportion
to the aggregate Put Option Price each such requesting Preferred Shareholder is otherwise entitled to receive pursuant to this
Section 6.7, provided that if the Founder Parties fail to pay the Series C Put Option Price in full on or prior to the Put
Option Price Payment Date or other time agreeable by the requesting Series C Preferred Shareholders, then a daily interest of 0.05%
shall be charged with respect to such portion of the Series C Put Option Price that is due as of the Put Option Price Payment Date
but not paid, and such interest shall commence to accrue on the next day following the Put Option Price Payment Date until such
time as the Put Option Price in respect of such Series C Preferred Shares has been paid in full.

 

		7.	TERMINATION

 

7.1       Termination.
Except for obligations set forth in Sections 6.1, 6.6, 7, and 8, immediately upon the Company filed
its final prospectus with the U.S. Securities and Exchange Commission (the “Termination”), this Agreement shall
automatically, and without the need for any further action by any of the Parties herein, terminate in its entirety, whereupon this
Agreement shall cease to be of any force or effect.

 

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7.2           Release.
Upon Termination, each Party shall release and discharge each other Party, and its agents, partners, shareholders, officers, directors,
employees, servants, attorneys and representatives, as well as its successors and assigns, from and against any and all actions,
causes of action, suits, debts, sums of money, obligations, covenants, contracts, controversies, agreements, damages, judgments,
liabilities, rights and demands whatsoever, of whatever kind or nature, in contract or in tort, in law or equity, known or unknown,
which are based upon or arise under or in connection with this Agreement, regardless of whether any of such actions, causes of
action, suits, or claim of whatsoever nature has been asserted or not.

 

		8.	MISCELLANEOUS

 

8.1          Governing
Law. This Agreement shall be governed by and construed exclusively in accordance with the Laws of Hong Kong without giving
effect to any choice of law or rule that would cause the application of the Laws of any jurisdiction other than the internal Laws
of Hong Kong to the rights and duties of the Parties hereunder.

 

8.2          Dispute
Resolution.

 

(i)          Any
dispute, controversy or claim arising out of, in connection with or relating to this Agreement, including the interpretation, validity,
invalidity, breach or termination hereof, shall be settled by arbitration.

 

(ii)         The
arbitration shall be conducted in Hong Kong at the Hong Kong International Arbitration Centre in accordance with HKIAC Administered
Arbitration Rules in effect (the “HKIAC Rules”). The arbitration tribunal shall consist of three (3) arbitrators
to be appointed according to the HKIAC Rules. The arbitration shall be conducted in English language.

 

(iii)        Each
Party shall cooperate with the other in making full disclosure of and providing complete access to all information and documents
requested by the other in connection with such arbitration proceedings, subject only to any doctrine of legal privilege or any
confidentiality obligations binding on such Party.

 

(iv)        The
costs of arbitration shall be borne by the losing Party, unless otherwise determined by the arbitration tribunal.

 

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

 

(vi)        The
award of the arbitration tribunal shall be final and binding upon the Parties, and the prevailing Party may apply to a court of
competent jurisdiction for enforcement of such award.

 

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

 

8.3          Notices.
All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given or made (and shall
be deemed to have been duly given or made upon receipt) by delivery in person, by an internationally recognized overnight courier
service, by facsimile or registered or certified mail (postage prepaid, return receipt requested), or electronic mail to the respective
Parties at the addresses specified on Part VII of Exhibit A (or at such other address for a Party as shall be specified
in a notice given in accordance with this Section 8.3).

 

Where a notice is sent by next-day
or second-day courier service, service of the notice shall be deemed to be effected by properly addressing, pre-paying and sending
by next-day or second-day service through an internationally-recognized courier a letter containing the notice, with a written
confirmation of delivery, and to have been effected at the earlier of (i) delivery (or when delivery is refused) and (ii) expiration
of two (2) Business Days after the letter containing the same is sent as aforesaid. Where a notice is sent by facsimile or electronic
mail, service of the notice shall be deemed to be effected by properly addressing, and sending such notice through a transmitting
organization, with a written confirmation of delivery, and to have been effected on the day the same is sent as aforesaid, if such
day is a Business Day and if sent during normal business hours of the recipient, otherwise the next Business Day. Notwithstanding
the foregoing, to the extent a "with a copy to" address is designated, notice must also be given to such address in the
manner above for such notice, request, consent or other communication hereunder to be effective.

 

8.4          Successors
and Assigns. Except as otherwise provided herein, the terms and conditions of this Agreement shall inure to the benefit of
and be binding upon the respective successors and assigns of the Parties whose rights or obligations hereunder are affected by
such terms and conditions. This Agreement, and the rights and obligations hereunder, shall not be assigned without the mutual written
consents of the Investors and the Company; provided that, each Investor may assign its rights and obligations to its Affiliate
or any third party along with transfer of its Shares without consent of the other Parties under this Agreement; provided further
that the assignee shall execute and deliver such documents and take such other actions as may be necessary for such assignee to
join in and be bound by the terms of this Agreement as an "Investor" (if not already a Party hereto) upon and after such
assignment.

 

8.5          Severability.
In case any provision of the Agreement shall be invalid, illegal or unenforceable, the validity, legality and enforceability of
the remaining provisions shall not in any way be affected thereby. If, however, any provision of this Agreement shall be invalid,
illegal, or unenforceable under any such applicable Laws in any jurisdiction, it shall, as to such jurisdiction, be deemed modified
to conform to the minimum requirements of such Law.

 

8.6          Waiver
and Amendment. This Agreement may only be amended or modified by an instrument in writing signed by the Company, the Preferred
Majority and the Ordinary Majority; provided that any Party may (a) extend the time for the performance of any of the obligations
or other acts of another Party, (b) waive any inaccuracies in the representations and warranties of another Party contained herein
or in any document delivered by another Party pursuant hereto or (c) waive compliance with any of the agreements of another Party
or conditions to such Party's obligations contained herein. Any such extension or waiver shall be valid only if set forth in an
instrument in writing signed by the Party to be bound thereby. Any waiver of any term or condition shall not be construed as a
waiver of any subsequent breach or a subsequent waiver of the same term or condition, or a waiver of any other term or condition
of this Agreement. The failure of any Party to assert any of its rights hereunder shall not constitute a waiver of any of such
rights.

 

    	 	12	 

     

    

 

8.7          Interpretation.
For all purposes of this Agreement, except as otherwise expressly provided, (a) the defined terms shall have the meanings assigned
to them in its definition and include the plural as well as the singular, and pronouns of either gender or neuter shall include,
as appropriate, the other pronoun forms; (b) all references in this Agreement to designated "Sections" and other subdivisions
are to the designated Sections and other subdivisions of the body of this Agreement unless explicitly stated otherwise, and all
references in this Agreement to designated exhibits are to the exhibits attached to this Agreement unless explicitly stated otherwise,
(c) the words "herein", "hereof", and "hereunder" and other words of similar import refer to this
Agreement as a whole and not to any particular Section or other subdivision, (d) the titles of the sections and subsections of
this Agreement are for convenience of reference only and are not to be considered in construing this Agreement, (e) any reference
in this Agreement to any "Party" or any other Person shall be construed so as to include its successors in title, permitted
assigns and permitted transferees, (f) any reference in this Agreement to any agreement or instrument is a reference to that agreement
or instrument as amended or novated and (g) this Agreement is jointly prepared by the Parties and should not be interpreted against
any Party by reason of authorship.

 

8.8          Further
Assurance. Upon the terms and subject to the conditions herein, each of the Parties hereto agrees to use its reasonable best
efforts to take or cause to be taken all action, to do or cause to be done, to execute such further instruments, and to assist
and cooperate with the other Parties hereto in doing, all things necessary, proper or advisable under applicable Laws or otherwise
to consummate and make effective, in the most expeditious manner practicable, the transactions contemplated by this Agreement.

 

8.9          Entire
Agreement. This Agreement and other Transaction Documents constitute the entire agreement of the Parties with respect to the
subject matter hereof and supersede all prior agreements and undertakings, both written and oral, among the Parties with respect
to the subject matter hereof and thereof.

 

8.10         Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument. Facsimile and e-mailed copies of signatures shall be deemed to be originals for purposes
of the effectiveness of this Agreement.

 

{The remainder of this page
has been left intentionally blank}

 

    	 	13	 

     

    

 

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

 

	Company:	 
	 	 
	Weidai Ltd.	 

 

	By: 	/s/ Yao Hong	 
	Name: Yao Hong	 
	Title: Director	 

 

    Signature Page to Shareholders’ Agreement
Weidai Ltd.

     

    

 

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

 

	Founder Parties:	 
	 	 
	/s/ Hong Yao	 
	YAO Hong (姚宏)	 
	 	 
	YAOH WDAI LTD	 

 

	By:	/s/ Hong Yao 	 
	Name: YAO Hong	 
	Title: Director	 

  

    Signature Page to Shareholders’ Agreement
Weidai Ltd.

     

    

 

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

 

	Ordinary purchaser:	 
	 	 
	BAOYH WDAI LTD	 
	 	 
	By:	/s/ Yuhang Bao 	 
	Name: Yuhang Bao	 
	Title: Director	 

  

    Signature Page to Shareholders’ Agreement
Weidai Ltd.

     

    

 

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

 

	Ordinary purchaser:	 
	 	 
	CHENF WDAI LTD	 
	 	 
	By:	/s/ Feng Chen	 
	Name: Feng Chen	 
	Title: Director	 
	 	 	 

 

    Signature Page to Shareholders’ Agreement
Weidai Ltd.

     

    

 

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

 

	Ordinary purchaser:	 
	 	 
	DINGDS WDAI LTD	 
	 	 
	By:	/s/ Desheng Ding	 
	Name: Desheng Ding	 
	Title: Director	 
	 	 	 

 

    Signature Page to Shareholders’ Agreement
Weidai Ltd.

     

    

 

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

 

	Ordinary purchaser:	 
	 	 
	HEQQ WDAI LTD	 
	 	 	 
	By:	/s/ Qinqin He	 
	Name: Qinqin He	 
	Title: Director	 

 

    Signature Page to Shareholders’ Agreement
Weidai Ltd.

     

    

 

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

 

	Ordinary purchaser:	 
	 	 
	HOUB WDAI LTD	 
	 	 	 
	By:	/s/ Bin Hou	 
	Name: Bin Hou	 
	Title: Director	 

 

    Signature Page to Shareholders’ Agreement
Weidai Ltd.

     

    

 

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

 

	Ordinary purchaser:	 
	 	 
	LISP WDAI LTD	 
	 	 	 
	By:	/s/ Shiping Li	 
	Name: Shiping Li	 
	Title: Director	 

 

    Signature Page to Shareholders’ Agreement
Weidai Ltd.

     

    

 

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

 

	Ordinary purchaser:	 
	 	 
	SHENB WDAI LTD	 
	 	 	 
	By:	/s/ Bo Shen	 
	Name: Bo Shen	 
	Title: Director	 

 

    Signature Page to Shareholders’ Agreement
Weidai Ltd.

     

    

 

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

 

	Ordinary purchaser:	 
	 	 
	SUNYQ WDAI LTD	 
	 	 	 
	By:	/s/ Yuqun Sun	 
	Name: Yuqun Sun	 
	Title: Director	 

 

    Signature Page to Shareholders’ Agreement
Weidai Ltd.

     

    

 

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

 

	Ordinary purchaser:	 
	 	 
	WANGPF WDAI LTD	 
	 	 	 
	By:	/s/ Pengfei Wang	 
	Name: Pengfei Wang	 
	Title: Director	 

 

    Signature Page to Shareholders’ Agreement
Weidai Ltd.

     

    

 

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

 

	Ordinary purchaser:	 
	 	 
	WANGXP WDAI LTD	 
	 	 	 
	By:	/s/ Xiangpeng Wang	 
	Name: Xiangpeng Wang	 
	Title: Director	 

 

    Signature Page to Shareholders’ Agreement
Weidai Ltd.

     

    

 

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

 

	Ordinary purchaser:	 
	 	 
	YAOH WDAI LTD	 
	 	 	 
	By: 	/s/ Hong Yao	 
	Name: YAO Hong	 
	Title: Director	 

 

    Signature Page to Shareholders’ Agreement
Weidai Ltd.

     

    

 

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

 

	Ordinary purchaser:	 
	 	 
	YAOBH WDAI LTD	 
	 	 	 
	By:	/s/ Binghong Yao	 
	Name: Binghong Yao	 
	Title: Director	 

 

    Signature Page to Shareholders’ Agreement
Weidai Ltd.

     

    

 

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

 

	Ordinary purchaser:	 
	 	 
	YAOJH WDAI LTD	 
	 	 	 
	By:	/s/ Jianhong Yao	 
	Name: Jianhong Yao	 
	Title: Director	 

 

    Signature Page to Shareholders’ Agreement
Weidai Ltd.

     

    

 

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

 

	Ordinary purchaser:	 
	 	 
	YEW WDAI LTD	 
	 	 	 
	By:	/s/ Wei Ye 	 
	Name: Wei Ye	 
	Title: Director	 

 

    Signature Page to Shareholders’ Agreement
Weidai Ltd.

     

    

 

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

 

	Ordinary purchaser:	 
	 	 
	ZHUHB WDAI LTD	 
	 	 	 
	By:	/s/ Huabin Zhu	 
	Name: Huabin Zhu	 
	Title: Director	 

 

    Signature Page to Shareholders’ Agreement
Weidai Ltd.

     

    

 

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

 

	Ordinary purchaser:	 
	 	 
	ZHUJZ WDAI LTD	 
	 	 	 
	By:	/s/ Jianzhong Zhu	 
	Name: Jianzhong Zhu	 
	Title: Director	 

 

    Signature Page to Shareholders’ Agreement
Weidai Ltd.

     

    

 

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

 

	Ordinary purchaser:	 
	 	 
	Magic Ace Capital Limited	 
	 	 	 
	By:	/s/ Yangyang Chen	 
	Name: Yangyang Chen	 
	Title: Authorized Signatory	 

 

    Signature Page to Shareholders’ Agreement
Weidai Ltd.

     

    

 

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

 

	Ordinary purchaser:	 
	 	 
	Bestspirit Holdings Group Ltd.	 
	 	 	 
	By: 	/s/ Yichun Hua	 
	Name: Yichun Hua	 
	Title: Authorized Signatory	 

 

    Signature Page to Shareholders’ Agreement
Weidai Ltd.

     

    

 

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

 

	Ordinary purchaser:	 
	 	 
	Topspirit Holdings Group Ltd.	 
	 	 	 
	By:	/s/ Jinxiang Leo Li	 
	Name: Jinxiang Leo Li	 
	Title: Authorized Signatory	 

 

    Signature Page to Shareholders’ Agreement
Weidai Ltd.

     

    

 

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

 

	Ordinary purchaser:	 
	 	 
	LISP WDAI INVESTMENT LTD	 
	 	 	 
	By:	/s/ Shiping Li	 
	Name: Shiping Li 	 
	Title: Authorized Signatory	 

 

    Signature Page to Shareholders’ Agreement
Weidai Ltd.

     

    

 

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

 

	Investor:	 
	 	 
	Hakim Unique Technology Limited	 
	汉鼎宇佑科技有限公司	 
	 	 	 
	By:	/s/ Jian Xiang	 
	Name: Jian Xiang	 
	Title: Authorized Signatory	 

 

    Signature Page to Shareholders’ Agreement
Weidai Ltd.

     

    

 

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

 

	Investor:	 
	 	 
	HUAYY WDAI LTD	 
	 	 	 
	By:	/s/ Yeyu Hua	 
	Name: Yeyu Hua	 
	Title: Director	 

 

    Signature Page to Shareholders’ Agreement
Weidai Ltd.

     

    

 

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

 

	Investor:	 
	 	 
	Guosheng International (Holding) Limited	 
	國盛國際集團有限公司	 
	 	 	 
	By:	/s/ Cheong Wai Tong	 
	Name: Cheong Wai Tong	 
	Title: Authorized Signatory	 

 

    Signature Page to Shareholders’ Agreement
Weidai Ltd.

     

    

 

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

 

	Investor:	 
	 	 
	Shanan Investment Holding Limited	 
	 	 	 
	By:	/s/ Haoxiang Yang	 
	Name: Haoxiang Yang	 
	Title: Authorized Signatory	 

 

    Signature Page to Shareholders’ Agreement
Weidai Ltd.

     

    

 

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

 

	Investor:	 
	 	 
	FANGWJ WDAI LTD	 
	 	 	 
	By:	/s/ Wenjun Fang	 
	Name: Wenjun Fang	 
	Title: Director	 

 

    Signature Page to Shareholders’ Agreement
Weidai Ltd.

     

    

 

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

 

	Investor:	 
	 	 
	New Oriental Global Investments Ltd.	 
	新東方國際投資有限公司	 
	 	 	 
	By:	/s/ Dongbing Cai	 
	Name: Dongbing Cai	 
	Title: Authorized Signatory	 

 

    Signature Page to Shareholders’ Agreement
Weidai Ltd.

     

    

 

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

 

	Investor:	 
	 	 
	Seed Field of Fortune Company Limited	 
	斯福有限公司	 
	 	 	 
	By:	/s/ Yang Sun	 
	Name: Yang Sun	 
	Title: Authorized Signatory	 

 

    Signature Page to Shareholders’ Agreement
Weidai Ltd.

     

    

 

EXHIBIT A

PARTIES

 

Part I              Series
A Investor

 

		1.	Hakim Unique Technology Limited (“Handing”)

 

Part II             Series
A+ Investor

 

		1.	HUAYY WDAI LTD

 

Part III            Series
B Investors

 

		1.	Hakim Unique Technology Limited;

 

		2.	Guosheng International (Holding) Limited (“Guosheng”); and

 

		3.	Shanan Investment Holding Limited (“Shanan”).

 

Part IV            Series
C Investors

 

		1.	FANGWJ WDAI LTD (“FANGWJ”);

 

		2.	New Oriental Global Investments Ltd. (“New Oriental”); and

 

		3.	Seed Field of Fortune Company Limited (“Seed Field”).

 

Part V             Founder
Parties

 

		1.	YAO Hong (姚宏), a PRC citizen
                                         (PRC residential ID number: *) (the “Founder”);

 

		2.	YAOH WDAI LTD, a business company duly established and validly existing under the Laws of the British
Virgin Islands, which is wholly owned by Yao Hong (姚宏).

 

Part VI            Ordinary
Purchasers

 

		1.	YAOH WDAI LTD;

 

		2.	CHENF WDAI LTD;

 

		3.	DINGDS WDAI LTD;

 

		4.	SUNYQ WDAI LTD;

 

		5.	WANGPF WDAI LTD;

 

		6.	YEW WDAI LTD;

 

		7.	ZHUJZ WDAI LTD;

 

    EXHIBIT A

     

    

 

		8.	BAOYH WDAI LTD;

 

		9.	HEQQ WDAI LTD;

 

		10.	LISP WDAI LTD;

 

		11.	SHENB WDAI LTD;

 

		12.	WANGXP WDAI LTD;

 

		13.	YAOBH WDAI LTD;

 

		14.	YAOJH WDAI LTD;

 

		15.	ZHUHB WDAI LTD;

 

		16.	HOUB WDAI LTD;

 

		17.	Magic Ace Capital Limited (“Magic Ace”);

 

		18.	Bestspirit Holdings Group Ltd.;

 

		19.	Topspirit Holdings Group Ltd.; and

 

		20.	LISP WDAI INVESTMENT LTD.

 

Part VII     Notice Address

 

For the purpose of the notice provisions contained
in this Agreement, the following are the initial addresses of each Party:

 

If to any Group Company, the Founder Parties and the Ordinary
Purchasers:

 

Attn: Li Jinxiang (李晋翔)

Tel: *

Address: 50/F, Fortune Financial Center,
No. 37 Jiefang East Rd., Jiangan District, Hangzhou City, Zhejiang Province. 

Email: *

 

If to Handing:

 

Attn: Wang Yan 

Tel: *

Address: Handing International Building,
No.5 Yongfuqiao Road, Xiacheng District, Hangzhou City, Zhejiang province. 

Email: *

 

    EXHIBIT A

     

    

 

If to HUAYY WDAI LTD:

 

Attn: Hua Yeyu 

Tel: *

Address: 9/F, Block B, Qianjiang Zheshang Venture Capital Center,
No. 527 Xixi Road, Xihu District, Hangzhou City. 

Email: *

 

If to Guosheng:

 

Attn: Li Yingming 

Tel: *

Address: 201, Building 202, Jinzhong Industrial Zone, No. 2, North
Jinxiu Street, Huaqiao City, Shenzhen. 

Email: *

 

If to Shanan:

 

Attn: Yang Haoxiang

Tel: *

Address: 2/F, Building G, No. 11 Financial Street, Xicheng, Beijing

Email: *

 

If to FANGWJ:

 

Attn: Fang Wenjun

Tel: *

Address: Unit 5, 33F, Kerry Parkside office, No.1155 Fangdian Road,
Shanghai 201204

Email: *

 

If to New Oriental:

 

Attn: Shan Lianqi *

Tel: *

Address: Room 509, Building D, No.
122, Nanjing Road, Shinan District, Qingdao City, Shandong Province. 

Email: *

 

If to Seed Field:

 

Attn: Sun Yang

Tel: *

Address: No.18 Jia, GuangJu Street, Changgou Town, Fangshan District,
Beijing

Email: *

 

If to Magic Ace:

 

Attn: Chen Yangyang 

Tel: *

Address: Unit 1, Floor 33rd, Kerry Parkside Office, No.
1155, Fangdian Road, Pudong District, Shanghai

Email: *

 

    EXHIBIT A

     

    

 

EXHIBIT B

DEFINITIONS

  

	"Affiliate"	means, with respect to a Person, any other Person that, directly or indirectly, Controls, is Controlled by or is under common Control with such Person. In the case of any individual, his spouse, child, brother, sister, parent, the relatives of such spouse, trustee of any trust in which such individual or any of his immediate family members is a beneficiary or a discretionary object, or any entity or company Controlled by any of the aforesaid Persons. In the case of an Investor, the term “Affiliate” also includes (v) any shareholder of such Investor, (w) any of such shareholder’s or such Investor’s general partners or limited partners, (x) the fund manager managing or advising such shareholder or such Investor (and general partners, limited partners and officers thereof) and other funds managed or advised by such fund manager, and (y) trusts controlled by or for the benefit of any such Person referred to in (v), (w) or (x), and (z) any fund or holding company formed for investment purposes that is promoted, sponsored, managed, advised or serviced by the such Investor.
	 	 
	“Board”	means the board of directors of the Company.
	 	 
	"Business Day"	means any day that is not a Saturday, Sunday, public holiday or other day on which commercial banks are required or authorized by Law to be closed in the Cayman Islands, New York, Hong Kong or the PRC. 
	 	 
	"Closing"	has the meaning set forth in the Share Subscription Agreements.
	 	 
	"Commission"	means (i) with respect to any offering of securities in the United States, the Securities and Exchange Commission of the United States or any other federal agency at the time administering the Securities Act and (ii) with respect to any offering of securities in a jurisdiction other than the United States, the regulatory body of the jurisdiction with authority to supervise and regulate the offering and sale of securities in that jurisdiction.

 

    Exhibit B-1

     

    

 

	“Control”	means, with respect to a Person, the power or authority, whether exercised or not, to direct the business, management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by Contract or otherwise; provided, that such power or authority shall conclusively be presumed to exist upon possession of beneficial ownership or power to direct the vote of more than fifty percent (50%) of the votes entitled to be cast at a meeting of the members or shareholders of such Person or power to control the composition of a majority of the board of directors of such Person. The terms “Controlled” and “Controlling” have meanings correlative to the foregoing.
	 	 
	“Domestic Company”	
        means Weidai (Hongzhou) Financial Information
        Service Co., Ltd. (微贷(杭州)金融信息服务有限公司),
        a limited liability company incorporated under the laws of the PRC.

         

	 	 
	"Equity Securities"	means, with respect to any Person that is a legal entity, any and all shares of capital stock, membership interests, units, profits interests, ownership interests, equity interests, registered capital, and other equity securities of such Person, and any right, warrant, option, call, commitment, conversion privilege, preemptive right or other right to acquire any of the foregoing, or security convertible into, exchangeable or exercisable for any of the foregoing, or any contract providing for the acquisition of any of the foregoing.
	 	 
	"ESOP"	shall mean the employee share option plan of the Company or other similar incentive plan to be adopted by the Board.
	 	 
	"Governmental Authority"	means any government of any nation, federation, province or state or any other political subdivision thereof, any entity, authority or body exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government, including any governmental authority, agency, department, board, commission or instrumentality of the PRC or any other country, or any political subdivision thereof, any court, tribunal or arbitrator, and any self-regulatory organization.
	 	 
	"Group Company"	means each of the Company and its Subsidiaries, and the “Group” refers to all of the Group Companies collectively. 
	 	 
	"Hong Kong"	means the Hong Kong Special Administrative Region of the PRC.
	 	 
	"Key Employees"	means YAO HONG (姚宏).

 

    Exhibit B-2

     

    

 

	"Law"	means any and all provisions of any applicable constitution, treaty, statute, law, regulation, ordinance, code, rule, or rule of common law, any governmental approval, concession, grant, franchise, license, agreement, directive, requirement, or other governmental restriction or any similar form of decision of, or determination by, or any formally issued written interpretation or administration of any of the foregoing by, any Governmental Authority, in each case as amended, and any and all applicable governmental orders.
	 	 
	"Memorandum and Articles"	shall mean the amended and restated memorandum and articles of association of the Company, as amended from time to time.
	 	 
	"New Shares"	
        means any Equity Securities
        of the Company issued after the Closing, except for:

         

        (i)          Ordinary
        Shares issued upon conversion of the Preferred Shares and/or the Series A Preferred Shares, or as a dividend or distribution on
        the Preferred Shares and/or the Series A Preferred Shares;

         

        (ii)         Equity
        Securities of the Company issued pursuant to any existing outstanding warrants, notes or other rights to acquire any Equity Securities
        of the Company as of the date hereof;

         

        (iii)        Equity
        Securities of the Company issued in connection with any share split, share dividend, combination, subdivision, or similar transaction
        of the Company that does not change the relative shareholding percentage of the Shareholders;

         

        (iv)        Equity
        Securities of the Company issued in the QIPO of the Company;

         

        (v)         Ordinary
        Shares, or any option to acquire any Ordinary Shares, issued to employees, officers, consultants or directors of the Company pursuant
        to the ESOP or other similar incentive arrangement as approved by the Board; and

        (vi)        Equity
        Securities of the Company issued in connection with any acquisition or equipment financing by the Company as approved by the Board.

         

	 	 
	“Onshore Investment Agreement”	means that certain investment agreement dated September 9, 2016 entered into by and among the Founder, the Domestic Company, Suzhou Weixin Zhonghua Venture Investment L.L.P (苏州维新仲华创业投资合伙企业(有限合伙)) and certain other parties named therein.

 

    Exhibit B-3

     

    

 

	"Ordinary Majority"	means the holder(s) holding at least fifty percent (50%) of the issued and outstanding Ordinary Shares. 
	 	 
	"Ordinary Shareholder(s)"	means any holder(s) of the Ordinary Shares. 
	 	 
	"Ordinary Shares"	means the Company’s ordinary shares of par value US$0.0001 each, with the rights and privileges as set forth in the Transaction Documents.
	 	 
	"Person"	shall be construed as broadly as possible and shall include an individual, a partnership (including a limited liability partnership), a company, an association, a joint stock company, a limited liability company, a trust, a joint venture, a legal person, an unincorporated organization and a Governmental Authority.
	 	 
	"PRC"	means the People’s Republic of China, solely for purposes of this Agreement, excluding Hong Kong, the Macau Special Administrative Region and the islands of Taiwan.
	 	 
	"Preferred Majority"	means the Series A+ Preferred Majority, the Series B Preferred Majority, and the Series C Preferred Majority. 
	 	 
	"Preferred Shares"	means the Series A+ Preferred Shares, the Series B Preferred Shares, and/or the Series C Preferred Shares, as applicable. 
	 	 
	"Preferred Shareholder(s)"	means the holder(s) of the Preferred Shares. 
	 	 
	“Put Option Price”	Means the Series A+ Put Option Price, the Series B Put Option Price and/or the Series C Put Option Price, as applicable. 
	 	 
	"QIPO"	means an initial public offering of the Ordinary Shares of the Company with a fully-diluted market capitalization of at least RMB 12 billion or the equivalents in other currencies, in the U.S. or on the Hong Kong Stock Exchange, the Shanghai Stock Exchange or the Shenzhen Stock Exchange.
	 	 
	"Securities Act"	means the United States Securities Act of 1933, as amended.
	 	 
	"Series A Preferred Shares"	means the Company’s series A preferred shares of par value US$0.0001 each, with the rights and privileges as set forth in the Memorandum and Articles. 

 

    Exhibit B-4

     

    

 

	“Series A+ Issue Date”	 	means the closing date on which the transaction contemplated under certain investment agreement, dated as of November 6, 2014 entered into by and among Hangzhou Ruituo Technology Co., Ltd. (杭州锐拓科技有限公司),Zhejiang Zheshang Lihai Venture Investment LLP (浙江浙商利海创业投资合伙企业(有限合伙)), Hanzhou Lihai Inter- Venture Investment LLP (杭州利海互联创业投资合伙企业(有限合伙)) and certain other parties thereto, was consummated. 
	 	 	 
	“Series A+ Issue Price”	 	means U.S. dollar equivalent to RMB820.01, the deemed per-share purchase price for the Series A+ Preferred Shares (as appropriately adjusted for any share split, share division, share combination, share dividend or similar events), calculated pursuant to the exchange rate published by the Bank of China on the date when any Series A+ Preferred Shareholder exercises its put option right pursuant to Section 6.7 hereof.  
	 	 	 
	"Series A+ Preferred Majority"	 	means the holder(s) of more than fifty percent (50%) of the issued and outstanding Series A+ Preferred Shares.
	 	 	 
	"Series A+ Preferred Shares"	 	means the Company’s series A+ preferred shares of par value US$0.0001 each, with the rights and privileges as set forth in the Memorandum and Articles. 
	 	 	 
	"Series A+ Preferred Shareholder(s)"	 	means any holder(s) of the Series A+ Preferred Shares.
	 	 	 
	“Series B Issue Date 1”	 	means the closing date on which the transaction contemplated under certain share transfer agreement entered into by and among the Domestic Company, Zhejiang Handing Yuyou Financial Service Co., Ltd. (浙江汉鼎宇佑金融服务有限公司) and Deqing Jinxiu Management Consultancy LLP (德清锦绣管理咨询合伙企业(有限合伙)) was consummated.
	 	 	 
	“Series B Issue Date 2”	 	means the date on which Shenzhen Guosheng Qianhai Investment Co., Ltd. (深圳国盛前海投资有限公司) has officially become an equity holder of the Domestic Company, as evidenced by the completion of filing of restated charter documents of the Domestic Company with the relevant Governmental Authority.
	 	 	 
	“Series B Issue Date 3”	 	means the date on which Hangzhou Shanan Investment LLP (杭州杉安投资合伙企业(有限合伙)) has officially become an equity holder of the Domestic Company, as evidenced by the completion of filing of restated charter documents of the Domestic Company with the relevant Governmental Authority.

 

    Exhibit B-5

     

    

 

	“Series B Issue Price”	 	means U.S. dollar equivalent to RMB2,459.98, the deemed per-share purchase price for the Series B Preferred Shares (as appropriately adjusted for any share split, share division, share combination, share dividend or similar events), calculated pursuant to the exchange rate published by the Bank of China on the date when any Series B Preferred Shareholder exercises its put option right pursuant to Section 6.7 hereof.
	 	 	 
	"Series B Preferred Majority"	 	means the holder(s) of more than fifty percent (50%) of the issued and outstanding Series B Preferred Shares.
	 	 	 
	"Series B Preferred Shares"	 	means the Company’s series B preferred shares of par value US$0.0001 each, with the rights and privileges as set forth in the Memorandum and Articles.
	 	 	 
	"Series B Preferred Shareholder(s)"	 	means any holder(s) of the Series B Preferred Shares.
	 	 	 
	“Series C Issue Date”	 	means the closing date on which the transaction contemplated under certain investment agreement dated as of September 9, 2016 entered into by and among the Domestic Company, Suzhou Weixin Zhonghua Venture Investment LLP (苏州维新仲华创业投资合伙企业(有限合伙)) and certain other parties thereto, was consummated.
	 	 	 
	"Series C Issue Price"	 	means U.S. dollar equivalent to RMB3,903.20, the deemed per-share purchase price for the Series C Preferred Shares (as appropriately adjusted for any share split, share division, share combination, share dividend or similar events), calculated pursuant to the exchange rate published by the Bank of China on the date when any Series C Preferred Shareholder exercises its put option right pursuant to Section 6.7 hereof.
	 	 	 
	"Series C Preferred Majority"	 	means the holder(s) of more than fifty percent (50%) of the issued and outstanding Series C Preferred Shares.
	 	 	 
	"Series C Preferred Shares"	 	means the Company’s series C preferred shares of par value US$0.0001 each, with the rights and privileges as set forth in the Memorandum and Articles.
	 	 	 
	"Series C Preferred Shareholder(s)"	 	means any holder(s) of the Series C Preferred Shares.
	 	 	 
	"Shareholders"	 	means the holder of the Shares. 

 

    Exhibit B-6

     

    

 

	"Shares"	 	means the Ordinary Shares, the Series A Preferred Shares, and/or the Preferred Shares, as applicable. 
	 	 	 
	"Subsidiary"	 	
        means, as of the relevant date of determination,
        with respect to any Person (the “subject entity”), (i) any Person (x) more than fifty percent (50%) of whose shares
        or other interests entitled to vote in the election of directors or (y) more than a fifty percent (50%) interest in the profits
        or capital of such Person are owned or controlled directly or indirectly by the subject entity or through one (1) or more subsidiaries
        of the subject entity, (ii) any Person whose assets, or portions thereof, are consolidated with the net earnings of the subject
        entity and are recorded on the books of the subject entity for financial reporting purposes in accordance with US GAAP, consistently
        applied, or (iii) any Person with respect to which the subject entity has the power to otherwise direct the business and policies
        of that entity directly or indirectly through another subsidiary.

         

	 	 	 
	"Super Majority Holders"	 	means the holder(s) of more than two-thirds (2/3) of the voting power of the then issued and outstanding Shares of the Company, calculated on a fully diluted and as-converted basis, which shall further include the Founder Parties and FANGWJ. 
	 	 	 
	"Trade Sale"	 	
        means any of the
        following events:

         

        (i)         
        the acquisition of the Group Companies (taken as a whole) (whether by a sale of equity, merger or consolidation) in which
        in excess of 50% of the Group Companies' voting power outstanding before such transaction is transferred;

         

        (ii)         the
        sale, transfer or other disposition of all or substantially all of the assets, any trademarks, copyrights, domain names or any
        other technology or Intellectual Properties of the Group Company (taken as a whole); or

         

        (iii)        the
        exclusive licensing of all or substantially all of the Group Companies' Intellectual Properties.

	 	 	 
	“Transaction Documents”	 	has the meaning set forth in the Share Subscription Agreements.
	 	 	 
	"U.S."	 	means the United States of America.
	 	 	 
	"US$"	 	means the lawful currency of the United States of America.
	 	 	 
	"US GAAP"	 	means the generally accepted accounting principles of U.S. 

 

    Exhibit B-7

     

    

 

In addition, the following terms shall have
the meanings defined for such terms in the Sections or Exhibits set forth below:

 

	"Agreement"	 	Preamble
	"Approved Sale"	 	Section 5.1
	"CEO"	 	Section 5.1
	"Co-Sale Shares"	 	Section 3.2(i) of Exhibit E
	"Company"	 	Preamble
	"Confidential Information"	 	Section 6.6
	"Drag-Along Shareholders"	 	Section 5.1
	"Dragged Shareholders"	 	Section 5.1
	"FANGWJ"	 	Part IV of Exhibit A
	"Founder"	 	Part V of Exhibit A
	"Founder Party" or "Founder Parties"	 	Preamble
	“Guosheng”	 	Part III of Exhibit A
	“Handing”	 	Part I of Exhibit A
	"HKIAC Rules "	 	Section 8.2(ii)
	"Investor" or "Investors"	 	Preamble
	"Investor Director(s)"	 	Section 2.1(i)(c)
	"Issuance Notice"	 	Section 1.2(i) of Exhibit E
	"Issuance Shares"	 	Section 1.1 of Exhibit E
	“Net Income”	 	Section 6.5
	“Net Income Target”	 	Section 6.5
	“New Oriental”	 	Part IV of Exhibit A
	“Ordinary Purchaser(s)”	 	Preamble
	"Over-Allotment Issuance Shares"	 	Section 1.2(iii) of Exhibit E
	"Over-Allotment Transfer Shares"	 	Section 2.2(iii) of Exhibit E
	"Party"	 	Preamble
	"Permitted Transferee"	 	Section 3.2
	"Potential Purchaser"	 	Section 5.1
	"Potential Subscriber"	 	Section 1.1 of Exhibit E
	"Potential Transferee"	 	Section 2.1 of Exhibit E
	"PR Holder"	 	Section 1.1 of Exhibit E
	"Preemptive Right"	 	Section 1.1 of Exhibit E
	“Put Option Event”	 	Section 6.7(i)
	“Put Option Exercise Notice”	 	Section 6.7(iii)
	“Put Option Price Payment Date”	 	Section 6.7(iii)
	"Purchasing PR Holder"	 	Section 1.2(iii) of Exhibit E
	"Purchasing ROFR Holder"	 	Section 2.2(iii) of Exhibit E
	"Repurchase Option"	 	Section 1 of Exhibit D
	"Repurchase Price"	 	Section 1 of Exhibit D
	"Restricted Shares"	 	Section 4
	"Right of Co-Sale"	 	Section 3.1 of Exhibit E
	"Right of First Refusal"	 	Section 2.1 of Exhibit E
	"ROCS Holder"	 	Section 3.1 of Exhibit E
	"ROFR Holder"	 	Section 2.1 of Exhibit E
	"ROFR Holder Exercise Period"	 	Section 2.2(ii) of Exhibit E
	"ROFR Holder Right of First Refusal"	 	Section 2.1 of Exhibit E
	“Seed Field”	 	Part IV of Exhibit A
	“Series A Investor”	 	Preamble
	“Series A+ Investor”	 	Preamble

 

    Exhibit B-8

     

    

 

	“Series A+ Put Option Event”	 	Section 6.7(iii)(a)
	“Series A+ Put Option Price”	 	Section 6.7(iii)(b)
	“Series B Fixed Return”	 	Section 6.7(ii)(b)(A)(y)
	“Series B FMV Return”	 	Section 6.7(ii)(b)(A)(z)
	“Series B Investors”	 	Preamble
	“Series B Put Option Event”	 	Section 6.7(ii)(a)
	“Series B Put Option Price”	 	Section 6.7(ii)(b)
	"Series C Investors"	 	Preamble
	“Series C Put Option Event”	 	Section 6.7(i)(a)
	“Series C Put Option Price”	 	Section 6.7(i)(b)
	“Shanan”	 	Part III of Exhibit A
	"Share Subscription Agreements"	 	Recitals
	"Signing Date"	 	Preamble
	“Termination”	 	Section 7.1
	"Transfer Notice"	 	Section 2.2(i) of Exhibit E
	"Transfer Shares"	 	Section 2.1 of Exhibit E
	"Transferor"	 	Section 2.1 of Exhibit E
	“Warranty Period”	 	Section 6.5

 

***

 

    Exhibit B-9

     

    

 

EXHIBIT C

PROTECTIVE PROVISIONS

 

Acts of the Group Requiring the Super Majority Holders

 

		(a)	the liquidation, dissolution or winding up of any Group Company;

 

		(b)	authorizing or consummating a Trade Sale;

 

		(c)	any change to the Investor Directors; and

 

		(d)	any agreement or commitment by any Group Company to do any of the foregoing items.

 

    Exhibit C-1

     

    

 

EXHIBIT D

 

TERMS OF THE RESTRICTED SHARES

 

All reference in this Exhibit to designated
"Sections" and other subdivisions are to the designated Sections and other subdivisions of the body of this Exhibit,
unless explicitly stated otherwise.

 

		1.	RESTRICTIONS.

 

Until the fourth (4th)
anniversary of May 20th, 2016, subject to the approval of the majority of the Board, the Company shall have the option
(the "Repurchase Option") to repurchase all Restricted Shares held by the Founder at par value per share (the
“Repurchase Price”) upon the occurrence of any of the following events: (i) the Founder’s willful commission
of any felony or any crime involving fraud, dishonesty, embezzlement, bribery, larceny or moral turpitude under the Law of the
applicable jurisdiction; (ii) the Founder’s material violation of his duty or any contract or agreement between the Founder
and any Group Company which has not been remedied within fifteen (15) days after notice from the Company or any Investor (including
without limitation any breach of employment agreement, confidentiality agreement and non-competition agreements); (iii) gross mismanagement
or misconduct by the Founder of the business and affairs of the Company or any Subsidiary directly managed by such Founder which
directly results in a material loss by the Company; or (iv) the unilateral termination by the Founder of his employment with any
Group Company (except for disability, work related injuries or death of such Founder), provided that each of the foregoing events
set forth in subsection (i) to (iii) of this Section 1 shall manifest materiality, willfulness or gross negligence
to the extent that the occurrence of which warrants the relevant Group Company to unilaterally terminate the employment relationship
of the Founder with such Group Company. For the avoidance of doubt, the Repurchase Option can only be exercised upon criminal misconduct
by the Founder which has been established by a court of law in Hong Kong.

 

		2.	INDIRECT HOLDING.

 

For the avoidance
of doubts, the Restricted Shares shall include all Ordinary Shares indirectly owned by the Founder through one or more levels of
holding companies, and the numbers of such Ordinary Shares indirectly owned shall be equal to the number of Ordinary Shares the
Founder would receive if all such holding companies were to distribute all its assets to its shareholders in according to their
respective shareholding percentage. Each such holding companies and their respective shareholders shall take all necessary actions
to effect the repurchase of the applicable Restricted Shares indirectly owned through those holding companies and the intended
reduction of the shareholding percentage of the Founder in the Company. For the avoidance of doubts, in exercising its Repurchase
Option in respect of the applicable Restricted Shares indirectly owned by any Founder, the Company shall be entitled to repurchase
such Restricted Shares from the holding companies which directly hold such Restricted Shares and such rights shall not be affected
whether other shareholders' shareholding percentage are adversely affected in the event that the Founder also indirectly owns Ordinary
Shares through such holding companies.

 

    Exhibit D-1

     

    

 

EXHIBIT E

TERMS OF THE PREEMPTIVE RIGHTS, RIGHT OF FIRST
REFUSAL AND

RIGHT OF CO-SALE

 

All reference in this Exhibit to designated
"Sections" and other subdivisions are to the designated Sections and other subdivisions of the body of this Exhibit,
unless explicitly stated otherwise.

 

		1.	PREEMPTIVE RIGHT

 

1.1         Preemptive
Right. Subject to Section 2.2 of this Agreement and other than in a QIPO, each holder of the Preferred Shares (each,
a "PR Holder") shall have a right (the "Preemptive Right") (but not an obligation) to purchase
all or part of its pro rata share, based on its percentage of the outstanding Ordinary Shares, calculated on an as-converted basis,
of any New Shares (the "Issuance Shares") that the Company may, from time to time after the Closing, propose to
issue to any potential purchaser (the "Potential Subscriber") as set forth in this Section 1.

 

1.2         Procedure.

 

(i)          Issuance
Notice. If the Company proposes to issue any New Shares, it shall give each PR Holder a written notice (an "Issuance
Notice") of such intention, describing (i) type and number of the New Shares to be issued, (ii) identity of the Potential
Subscriber, and (iii) price and other material terms and conditions upon which the Company proposes to issue such Issuance Shares.

 

(ii)         Exercise.
Each PR Holder shall have twenty (20) Business Days after the receipt of the Issuance Notice to irrevocably elect to purchase all
or a portion of its initial pro rata share of the Issuance Shares on the same price and terms and conditions as indicated on the
Issuance Notice by notifying the Company in writing of the number of Issuance Shares to be purchased. For the purposes of the Preemptive
Right, each PR Holder's "initial pro rata share" shall be determined according to the aggregate number of all Shares
held by such PR Holder on the date of the Issuance Notice in relation to the aggregate number of Shares held by all PR Holders
on such date (calculated on a as-converted basis).

 

    Exhibit E-1

     

    

 

(iii)        Over-Allotment.
If any PR Holder fails to elect to purchase all of its initial pro rata share of the Issuance Shares, then such unpurchased Issuance
Shares ("Over-Allotment Issuance Shares") shall be made available to each Series C Preferred Shareholder who has
elected to purchase all of its initial pro rata share of the Issuance Shares for over-allotment (the "Purchasing PR Holder").
The Company shall deliver an over-allotment notice to each Purchasing PR Holder to inform them of the aggregate number of Over-Allotment
Issuance Shares that are available for over-allotment. Each Purchasing PR Holder shall have five (5) days after the receipt of
such over-allotment notice to irrevocably elect to purchase all or a portion of the Over-Allotment Issuance Shares on the same
price as indicated on the Issuance Notice by notifying the Company in writing of the number of Over-Allotment Issuance Shares to
be purchased. If the aggregate number of the Over-Allotment Issuance Shares elected to be purchased by all Purchasing PR Holders
in response to such over-allotment notice exceeds the aggregate number of the Over-Allotment Issuance Shares that are available
for over-allotment, then the Over-Allotment Issuance Shares shall be allocated among Purchasing PR Holders by allocating to each
Purchasing PR Holder the lesser of (A) the difference between the number of Over-Allotment Issuance Shares it elects to purchase
and the aggregate number of Over-Allotment Issuance Shares that has already been allocated to it, and (B) its over-allotment pro
rata share of the Over-Allotment Issuance Shares that has not yet been allocated, which allocation step shall be repeated until
all Over-Allotment Issuance Shares are allocated among the Purchasing PR Holders. Each Purchasing PR Holder who has been allocated
all the Over-Allotment Issuance Shares that it has elected to purchase shall cease to participate in any subsequent allocation
step. For the purposes of determining the allocation of Over-Allotment Issuance Shares that a Purchasing PR Holder will receive
in each allocation step, such Purchasing PR Holder's "over-allotment pro rata share" shall be determined according to
the aggregate number of all Shares held by such Purchasing PR Holder on the date of the Issuance Notice in relation to the aggregate
number of all Shares held by all Purchasing PR Holders who participate in such allocation step on such date.

 

(iv)        Closing.
If any PR Holder elects to purchase Issuance Shares, then payment for the Issuance Shares to be purchased shall be made by wire
transfer in immediately available funds of the appropriate currency, against delivery of such Issuance Shares to be purchased,
at a place and time agreed to by the Company and the PR Holders that have elected to purchase a majority of the Issuance Shares;
provided that the scheduled time for closing shall not be later than thirty (30) Business Days following the expiration of the
last period during which any PR Holder may elect to purchase any Issuance Share (including Over-Allotment Issuance Share).

 

1.3         Permitted
Issuance to Potential Subscriber. The Company may issue any Issuance Shares with respect to which the PR Holders' Preemptive
Rights were not exercised, to the Potential Subscriber identified in the Issuance Notice and at a price and upon terms not more
favorable than those specified in the Issuance Notice.

 

		2.	RIGHT OF FIRST REFUSAL.

 

2.1         Right
of First Refusal. Each holder of the Preferred Shares (the “ROFR Holder”) shall have a right (the "Right
of First Refusal") to purchase all or any portion of the Shares that an Ordinary Shareholder (a "Transferor")
may propose to transfer (the "Transfer Shares") to any other Shareholder or any potential third party transferee
(the "Potential Transferee") as set forth in this Section 0, provided that the applicable consent
of the Series C Investors as set forth in Section 3.1 of this Agreement have been given.

 

2.2         Procedure.

 

(i)          Transfer
Notice. The Transferor shall give each ROFR Holder a written notice (the “Transfer Notice”) describing (i)
type and number of the Transfer Shares to be transferred, (ii) identity of the Potential Transferee, and (iii) price and other
material terms upon which the Transferor proposes to transfer such Transfer Shares. The Transfer Notice shall certify that the
Transferor has received a definitive offer from the Potential Transferee on the terms set forth in the Transfer Notice.

 

    Exhibit E-2

     

    

 

(ii)         ROFR
Holder’s Exercise. Each ROFR Holder shall have twenty (20) days after the receipt of the Transfer Notice (the “ROFR
Holder Exercise Period”) to irrevocably elect to purchase all or portion of its initial pro rata share of the Transfer
Shares at the same price and subject to the same material terms and conditions as described in the Transfer Notice by notifying
the Transferor and the Company in writing of the number of Transfer Shares to be purchased. For the purposes of the Right of First
Refusal, each ROFR Holder’s “initial pro rata share” shall be determined according to (x) the aggregate number
of all Shares held by such ROFR Holder on the date of the Transfer Notice in relation to (y) the aggregate number of all Shares
held by all ROFR Holders on such date.

 

(iii)        Over-Allotment.
If the ROFR Holders fail to elect to purchase all the Transfer Shares, then such unpurchased Transfer Shares (“Over-Allotment
Transfer Shares”) shall be made available to each Series C Preferred Shareholder who has elected to purchase all of its
initial pro rata share of the Transfer Shares (the "Purchasing ROFR Holder") for over-allotment. Upon the earlier
of (i) the expiration of the ROFR Holder Exercise Period, or (ii) the time when the Transferor has received the written notice
of each ROFR Holder in respect of its exercise of the Right of First Refusal, the Transferor shall deliver an over-allotment notice
to the Company and each Purchasing ROFR Holder to inform them of the aggregate number of Over-Allotment Transfer Shares that are
available for over-allotment. Each of Purchasing ROFR Holders shall have five (5) days after the receipt of such over-allotment
notice to irrevocably elect to purchase all or portion of the Over-Allotment Transfer Shares at the same price and subject to the
same material terms and conditions as described in the Transfer Notice by notifying the Transferor and the Company in writing of
the number of Over-Allotment Transfer Shares to be purchased. If the aggregate number of the Over-Allotment Transfer Shares elected
to be purchased by all Purchasing ROFR Holders in response to such over-allotment notice exceeds the aggregate number of the Over-Allotment
Transfer Shares that are available for over-allotment, then the number of the Over-Allotment Transfer Shares shall be allocated
to Purchasing ROFR Holders by allocating to each Purchasing ROFR Holders the lesser of (A) the difference between the number of
Over-Allotment Transfer Shares it elects to purchase and the aggregate number of Over-Allotment Transfer Shares that has already
been allocated to it, and (B) its over-allotment pro rata share of the Over-Allotment Transfer Shares that has not yet been allocated,
which allocation step shall be repeated until all Over-Allotment Transfer Shares are allocated. Each Purchasing ROFR Holder who
has been allocated all the Over-Allotment Transfer Shares that it has elected to purchase shall cease to participate in any subsequent
allocation step. For the purposes of determining the allocation of Over-Allotment Transfer Shares that a Purchasing ROFR Holders
will receive in each allocation step, such Purchasing ROFR Holder’s “over-allotment pro rata share” shall be
determined according to (x) the aggregate number of all Shares held by such Purchasing ROFR Holder on the date of the Transfer
Notice in relation to (y) the aggregate number of all Shares held by all Purchasing ROFR Holders who participate in such allocation
step on such date.

 

    Exhibit E-3

     

    

 

(iv)        Closing.
If any ROFR Holder elects to purchase the Transfer Shares, then the payment for the Transfer Shares to be purchased shall be made
by wire transfer in immediately available funds of the appropriate currency, against delivery of such Transfer Shares to be purchased,
at a place and time agreed by the Transferor and the ROFR Holders that have elected to purchase a majority of the Transfer Shares
to be purchased by the ROFR Holders, provided that the scheduled time for closing shall not be later than thirty (30) Business
Days following the expiration of ROFR Holder Exercise Period or the last period during which any ROFR Holder may elect to purchase
any Transfer Share (including Over-Allotment Transfer Share) in each case, and the scheduled place shall be the business address
of the Company absent such agreement on the place.

 

		3.	RIGHT OF CO-SALE

 

3.1         Right
of Co-Sale. In the event the ROFR Holders fail or do not elect to exercise their respective rights to purchase all of the Transfer
Shares subject to Section 2 hereof, each ROFR Holder that has not exercised its Right of First Refusal (the "ROCS
Holder") shall have the right (the "Right of Co-Sale") to participate in the Transferor's sale of Transfer
Shares to the Potential Transferee as set forth in this Section 3.

 

3.2         Procedure.

 

(i)          Exercise.
If an ROCS Holder does not elect to purchase any Transfer Shares pursuant to the ROFR Holder Right of First Refusal, each such
ROCS Holder shall have twenty (20) days after the receipt of the Transfer Notice to irrevocably elect to sell all or portion of
its pro rata share of the remaining Transfer Shares that are not purchased pursuant to the Right of First Refusal at the same price
and subject to the same material terms and conditions as described in the Transfer Notice by notifying the Transferor and the Company
in writing of the number of Shares to be sold (the "Co-Sale Shares"). For the purposes of the Right of Co-Sale,
each ROCS Holder's "pro rata share" shall be determined according to (x) the aggregate number of all Shares held by such
ROCS Holder on the date of the Transfer Notice in relation to (y) the aggregate number of all Shares held by all ROCS Holders exercising
the Right of Co-Sale and the Transferor on such date.

 

(ii)         Reduction
of Shares Sold by the Transferor. To the extent that any ROCS Holder exercises its Right of Co-Sale, the number of Transfer
Shares that the Transferor may sell to the Potential Transferee shall be correspondingly reduced by the aggregate number of the
Co-Sale Shares.

 

(iii)        Closing.
The sale of the Co-Sale Shares to the Potential Transferee by the participating ROCS Holders shall be consummated simultaneously
with the sale by the Transferor. To the extent that any Potential Transferee refuses to purchase any Co-Sale Shares, the Transferor
shall not sell to such Potential Transferee any Shares unless and until, simultaneously with such sale, the Transferor shall purchase
from such participating ROCS Holder such Co-Sale Shares that such participating ROCS Holder would otherwise be entitled to sell
to the Potential Transferee pursuant to its Right of Co-Sale.

 

    Exhibit E-4

     

    

 

3.3         Permitted
Transfer to Potential Transferee. Subject to the ROCS Holders' Right of Co-Sale under this Section 3, the Transferor
may sell any remaining Transfer Shares with respect to which the ROFR Holders' ROFR Holder Right of First Refusal was not exercised,
to the Potential Transferee identified in the Transfer Notice and at a price and upon terms not more favorable than those specified
in the Transfer Notice.

 

		4.	GENERAL.

 

4.1         Valuation
of Non-Cash Consideration. In the event that the Parties cannot agree on value of the consideration payable in property other
than cash, then the value of such property shall be established by an internationally reputable appraiser jointly selected by,
(i) in the case of the Preemptive Right, the Company and the PR Holders that have elected to purchase a majority of the Issuance
Shares to be purchased by the PR Holders, (ii) in the case of the Right of First Refusal, the Transferor and the ROFR Holders that
have elected to purchase a majority of the Transfer Shares to be purchased by the ROFR Holders. If such valuation is not completed
before the deadline for closing of the issuance of the Issuance Shares to the PR Holders or the sale of the Transfer Shares to
the ROFR Holders, then such deadline shall be extended to the date that is ten (10) days after such valuation is completed.

 

4.2         Apportion.
Each PR Holder may apportion Issuance Shares that it is entitled to purchase pursuant to its Preemptive Right among its Affiliates;
provided that such PR Holder notifies the Company in writing. Each ROFR Holder may apportion Transfer Shares that it is entitled
to purchase pursuant to its Right of First Refusal among its Affiliates; provided that such ROFR Holder notifies the Transferor
and the Company in writing.

 

4.3         Effect
on Subsequent Transaction. The exercise, non-exercise or waiver of any Preemptive Right, Right of First Refusal or Right of
Co-Sale in respect of a particularly issuance or transfer of Shares shall not adversely affect such right in respect of any subsequent
issuance or transfer of Shares.

 

4.4         Calculation
of Shares. The number of Shares shall be calculated on an as-converted to Ordinary Shares basis.

 

    Exhibit E-5

     

    

 

EXHIBIT F

FORM OF LOCKUP AGREEMENT

 

 

 

 

  

    Exhibit F-1Exhibit 10.1

 

INDEMNIFICATION AGREEMENT

 

THIS INDEMNIFICIATION AGREEMNT
(this “Agreement”) is made as of                        ,
20 by and between Weidai Ltd., an exempted company with limited liability incorporated and existing under the laws of the Cayman
Islands (the “Company”) and                                                                                
([Passport/ID] Number                                                                   )
(the “Indemnitee”).

 

WHEREAS, the Indemnitee
has agreed to serve as a director or executive officer of the Company and in such capacity will render valuable services to the
Company; and

 

WHEREAS, in order to induce
and encourage highly experienced and capable persons such as the Indemnitee to render valuable services to the Company, the board
of directors of the Company (the “Board of Directors”) has determined that this Agreement is not only reasonable
and prudent, but necessary to promote and ensure the best interests of the Company and its shareholders;

 

NOW, THEREFORE, in consideration
of the premises and mutual agreements hereinafter set forth, and other good and valuable consideration, including, without limitation,
the service of the Indemnitee, the receipt of which hereby is acknowledged, and in order to induce the Indemnitee to render valuable
services the Company, the Company and the Indemnitee hereby agree as follows:

 

1.           Definitions.
As used in this Agreement:

 

(a)           “Changes
in Control” shall mean a change in control of the Company of a nature that would be required to be reported in response
to Item 6(e) of Schedule 14A of Regulation 14A (or in response to any similar item on any similar or successor schedule or form)
promulgated under the United States Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder
(collectively, the “Act”), whether or not the Company is then subject to such reporting requirement; provided,
however, that, without limitation, such a Change in Control shall be deemed to have occurred (irrespective of the applicability
of the initial clause of this definition) if (i) any “person” (as such term is used in Section 13(d) and 14(d) of the
Act, but excluding any trustee or other fiduciary holding securities pursuant to an employee benefit or welfare plan or employee
share plan of the Company or any subsidiary or affiliate of the Company, or any entity organized, appointed, established or holding
securities of the Company with voting power for or pursuant to the terms of any such plan) becomes the “beneficial owner”
(as defined in Rule 13d-3 under the Act), directly or indirectly, of securities of the Company representing 30% or more of the
combined voting power of the Company’s then outstanding securities without the prior approval of at least two-thirds of the
Continuing Directors (as defined below) in office immediately prior to such person’s attaining such interest; (ii) the Company
is a party to a merger, consolidation, scheme of arrangement, sale of assets or other reorganization, or a proxy contest, as a
consequence of which Continuing Directors in office immediately prior to such transaction or event constitute less than a majority
of the Board of Directors of the Company (or any successor entity) thereafter; or (iii) during any period of two consecutive years,
Continuing Directors cease for any reason to constitute at least a majority of the Board of Directors of the Company.

 

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(b)           “Continuing
Director” shall mean an individual (i) who served on the Board of Directors of the Company at the effective date of the
Company’s registration statement on Form F-1 relating to the Company’s initial public offering; or (ii) whose election
or nomination for election by the Company’s shareholders was approved by a vote of at least two-thirds of the Continuing
Directors then in office.

 

(c)           “Disinterested
Director” with respect to any request by the Indemnitee for indemnification or advancement of expenses hereunder shall
mean a director of the Company who neither is nor was a party to the Proceeding (as defined below) in respect of which indemnification
or advancement is being sought by the Indemnitee.

 

(d)           The
term “Expenses” shall mean, without limitation, expenses of Proceedings, including attorneys’ fees, disbursement
and retainers, accounting and witness fees, expenses related to preparation for service as a witness and to service as a witness,
travel and deposition costs, expenses of investigations, judicial or administrative proceedings and appeals, amounts paid in settlement
of a Proceeding by or on behalf of the Indemnitee, costs of attachment or similar bonds, any expenses of attempting to establish
or establishing a right to indemnification or advancement of expenses, under this Agreement, the Company’s Memorandum of
Association and Articles of Association as currently in effect (the “Articles”), applicable law or otherwise,
and reasonable compensation for time spent by the Indemnitee in connection with the investigation, defense or appeal of a Proceeding
or action for indemnification for which the Indemnitee is not otherwise compensated by the Company or any third party. The term
“Expenses” shall not include the amount of judgments, fines, interest or penalties, which are actually levied against
or sustained by the Indemnitee to the extent sustained after final adjudication.

 

(e)           The
term “Independent Legal Counsel” shall mean any firm of attorneys reasonably selected by the Board of Directors
of the Company, so long as such firm has not represented the Company, the Company’s subsidiaries or affiliates, the Indemnitee,
any entity controlled by the Indemnitee, or any party adverse to the Company, within the preceding five (5) years. Notwithstanding
the foregoing, the term “Independent Legal Counsel” shall not include any person who, under applicable standards of
professional conduct then prevailing, would have a conflict of interest in representing either the Company or the Indemnitee in
an action to determine the Indemnitee’s right to indemnification or advancement of expenses under this Agreement, the Company’s
Articles, applicable law or otherwise.

 

(f)           The
term “Proceeding” shall mean any threatened, pending or completed action, suit, arbitration, alternate dispute
resolution mechanism, or other proceeding (including, without limitation, an appeal therefrom), formal or informal, whether brought
in the name of the Company or otherwise, whether of a civil, criminal, administrative or investigative nature, and whether by,
in or involving a court or an administrative, other governmental or private entity or body (including, without limitation, an investigation
by the Company or its Board of Directors), by reason of (i) the fact that the Indemnitee is or was a director or officer of the
Company, or is or was serving at the request of the Company as an agent of another enterprise, whether or not the Indemnitee is
serving in such capacity at the time any liability or expense is incurred for which indemnification or reimbursement is to be provided
under this Agreement, (ii) any actual or alleged act or omission or neglect or breach of duty, including, without limitation, any
actual or alleged error or misstatement or misleading statement, which the Indemnitee commits or suffers while acting in any such
capacity, or (iii) the Indemnitee attempting to establish or establishing a right to indemnification or advancement of expenses
pursuant to this Agreement, the Company’s Articles, applicable law or otherwise.

 

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(g)           The
phrase “serving at the request of the Company as an agent of another enterprise” or any similar terminology
shall mean, unless the context otherwise requires, serving at the request of the Company as a director, officer, employee or agent
of another corporation, partnership, joint venture, limited liability company, trust, employee benefit or welfare plan or other
enterprise, foreign or domestic. The phrase “serving at the request of the Company” shall include, without limitation,
any service as a director/an executive officer of the Company which imposes duties on, or involves services by, such director/executive
officer with respect to the Company or any of the Company’s subsidiaries, affiliates, employee benefit or welfare plans,
such plan’s participants or beneficiaries or any other enterprise, foreign or domestic. In the event that the Indemnitee
shall be a director, officer, employee or agent of another corporation, partnership, joint venture, limited liability company,
trust, employee benefit or welfare plan or other enterprise, foreign or domestic, 50% or more of the ordinary shares, combined
voting power or total equity interest of which is owned by the Company or any subsidiary or affiliate thereof, then it shall be
presumed conclusively that the Indemnitee is so acting at the request of the Company.

 

2.           Services
by the Indemnitee.  The Indemnitee agrees to serve as a director or officer of the Company under the terms of the Indemnitee’s
agreement with the Company for so long as the Indemnitee is duly elected or appointed or until such time as the Indemnitee tenders
a resignation in writing or is removed from the Indemnitee's position; provided, however, that the Indemnitee may at any time and
for any reason resign from such position (subject to any other contractual obligation or other obligation imposed by operation
of law).

 

3.           Proceedings
by or in the Right of the Company. The Company shall indemnify the Indemnitee if the Indemnitee is a party to or threatened
to be made a party to or is otherwise involved in any Proceeding by or in the right of the Company to procure a judgment in its
favor by reason of the fact that the Indemnitee is or was a director or officer of the Company, or is or was serving at the request
of the Company as an agent of another enterprise, against all Expenses, judgments, fines, interest or penalties, which are actually
and reasonably incurred by the Indemnitee in connection with the defense or settlement of such a Proceeding, if the Indemnitee
acted in good faith and in a manner the Indemnitee reasonably believed to be in, or not opposed to, the best interests of the Company;
except that no indemnification under this section shall be made in respect of any claim, issue or matter as to which such
person shall have been adjudicated by final judgment by a court of competent jurisdiction to be liable to the Company for willful
misconduct in the performance of his/her duty to the Company, unless and only to the extent that the court in which such Proceeding
was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of
the case, such person is fairly and reasonably entitled to indemnity for such amounts which such other court shall deem proper.

 

4.           Proceeding
Other Than a Proceeding by or in the Right of the Company. The Company shall indemnify the Indemnitee if the Indemnitee is
a party to or threatened to be made a party to or is otherwise involved in any Proceeding (other than a Proceeding by or in the
right of the Company) by reason of the fact that the Indemnitee is or was a director or officer of the Company, or is or was serving
at the request of the Company as an agent of another enterprise, against all Expenses, judgments, fines, interest or penalties,
which are actually and reasonably incurred by the Indemnitee in connection with such a Proceeding, to the fullest extent permitted
by applicable law; provided, however, that any settlement of a Proceeding must be approved in advance in writing by the Company
(which approval shall not be unreasonably withheld).

 

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5.           Indemnification
for Costs, Charges and Expenses of Witness or Successful Party. Notwithstanding any other provision of this Agreement (except
as set forth in subparagraph 9(a) hereof), and without a requirement for determination as required by Paragraph 8 hereof, to the
extent that the Indemnitee (a) has prepared to serve or has served as a witness in any Proceeding in any way relating to (i) the
Company or the Company’s subsidiaries, affiliates, employee benefit or welfare plans or such plan’s participants or
beneficiaries or (ii) anything done or not done by the Indemnitee as a director or officer of the Company or in connection with
serving at the request of the Company as an agent of another enterprise, or (b) has been successful in defense of any Proceeding
or in defense of any claim, issue or matter therein, on the merits or otherwise, including the dismissal of a Proceeding without
prejudice or the settlement of a Proceeding without an admission of liability, the Indemnitee shall be indemnified against all
Expenses actually and reasonably incurred by the Indemnitee in connection therewith to the fullest extent permitted by applicable
law.

 

6.           Partial
Indemnification. If the Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for
a portion of the Expenses, judgments, fines, interest or penalties, which are actually and reasonably incurred by the Indemnitee
in the investigation, defense, appeal or settlement of any Proceeding, but not, however, for the total amount of the Indemnitee’s
Expenses, judgments, fines, interest or penalties, then the Company shall nevertheless indemnify the Indemnitee for the portion
of such Expenses, judgments, fines, interest or penalties to which the Indemnitee is entitled.

 

7.           Advancement
of Expenses. The Expenses incurred by the Indemnitee in any Proceeding shall be paid promptly by the Company in advance of
the final disposition of the Proceeding at the written request of the Indemnitee, to the fullest extent permitted by applicable
law; provided, however, that the Indemnitee shall set forth in such request reasonable evidence that such Expenses have been incurred
by the Indemnitee in connection with such Proceeding, a statement that such Expenses do not relate to any matter described in subparagraph
9(a) of this Agreement, and an undertaking in writing to repay any advances if it is ultimately determined as provided in subparagraph
8(b) of this Agreement that the Indemnitee is not entitled to indemnification under this Agreement.

 

8.           Indemnification
Procedure; Determination of Right to Indemnification.

 

(a)           Promptly
after receipt by the Indemnitee of notice of the commencement of any Proceeding, the Indemnitee shall, if a claim for indemnification
or advancement of Expenses in respect thereof is to be made against the Company under this Agreement, notify the Company of the
commencement thereof in writing. The failure and delay to so notify the Company will not relieve the Company from any liability
which the Company may have to the Indemnitee under this Agreement unless the Company shall have lost significant substantive or
procedural rights with respect to the defense of any Proceeding as a result of such omission to so notify.

 

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(b)           The
Indemnitee shall be conclusively presumed to have met the relevant standards of conduct, if any, as defined by applicable law,
for indemnification pursuant to this Agreement and shall be absolutely entitled to such indemnification, unless a determination
is made that the Indemnitee has not met such standards by (i) the Board of Directors by a majority vote of a quorum thereof consisting
of Disinterested Directors, (ii) the shareholders of the Company by majority vote of a quorum thereof consisting of shareholders
who are not parties to the Proceeding due to which a claim for indemnification is made under this Agreement, (iii) Independent
Legal Counsel as set forth in a written opinion (it being understood that such Independent Legal Counsel shall make such determination
only if the quorum of Disinterested Directors referred to in clause (i) of this subparagraph 8(b) is not obtainable or if the Board
of Directors of the Company by a majority vote of a quorum thereof consisting of Disinterested Directors so directs), or (iv) a
court of competent jurisdiction; provided, however, that if a Change in Control shall have occurred and the Indemnitee so requests
in writing, such determination shall be made only by a court of competent jurisdiction.

 

(c)           If
a claim for indemnification or advancement of Expenses under this Agreement is not paid by the Company within thirty (30) days
after receipt by the Company of written notice thereof, the rights provided by this Agreement shall be enforceable by the Indemnitee
in any court of competent jurisdiction. Such judicial proceeding shall be made de novo. The burden of proving that indemnification
or advances are not appropriate shall be on the Company. Neither the failure of the directors or shareholders of the Company or
Independent Legal Counsel to have made a determination prior to the commencement of such action that indemnification or advancement
of Expenses is proper in the circumstances because the Indemnitee has met the applicable standard of conduct, if any, nor an actual
determination by the directors or shareholders of the Company or Independent Legal Counsel that the Indemnitee has not met the
applicable standard of conduct shall be a defense to an action by the Indemnitee or create a presumption for the purpose of such
an action that the Indemnitee has not met the applicable standard of conduct. The termination of any Proceeding by judgment, order,
settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself (i) create a presumption
that the Indemnitee did not act in good faith and in a manner which he reasonably believed to be in the best interests of the Company
and/or its shareholders, and, with respect to any criminal Proceeding, that the Indemnitee had reasonable cause to believe that
his conduct was unlawful or (ii) otherwise adversely affect the rights of the Indemnitee to indemnification or advancement of Expenses
under this Agreement, except as may be provided herein.

 

(d)           If
a court of competent jurisdiction shall determine that the Indemnitee is entitled to any indemnification or advancement of Expenses
hereunder, the Company shall pay all Expenses actually and reasonably incurred by the Indemnitee in connection with such adjudication
(including, but not limited to, any appellate proceedings).

 

(e)           With
respect to any Proceeding for which indemnification or advancement of Expenses is requested, the Company will be entitled to participate
therein at its own expense and, except as otherwise provided below, to the extent that it may wish, the Company may assume the
defense thereof, with counsel reasonably satisfactory to the Indemnitee. After notice from the Company to the Indemnitee of its
election to assume the defense of a Proceeding, the Company will not be liable to the Indemnitee under this Agreement for any Expenses
subsequently incurred by the Indemnitee in connection with the defense thereof, other than as provided below. The Company shall
not settle any Proceeding in any manner which would impose any penalty or limitation on the Indemnitee without the Indemnitee’s
written consent. The Indemnitee shall have the right to employ his/her own counsel in any Proceeding, but the fees and expenses
of such counsel incurred after notice from the Company of its assumption of the defense of the Proceeding shall be at the expense
of the Indemnitee, unless (i) the employment of counsel by the Indemnitee has been authorized by the Company, (ii) the Indemnitee
shall have reasonably concluded that there may be a conflict of interest between the Company and the Indemnitee in the conduct
of the defense of a Proceeding, or (iii) the Company shall not in fact have employed counsel to assume the defense of a proceeding,
in each of which cases the fees and expenses of the Indemnitee’s counsel shall be advanced by the Company. The Company shall
not be entitled to assume the defense of any Proceeding brought by or on behalf of the Company or as to which the Indemnitee has
reasonably concluded that there may be a conflict of interest between the Company and the Indemnitee.

 

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9.           Limitations
on Indemnification. No payments pursuant to this Agreement shall be made by the Company:

 

(a)           To
indemnify or advance funds to the Indemnitee for Expenses with respect to (i) Proceedings initiated or brought voluntarily by the
Indemnitee and not by way of defense, except with respect to Proceedings brought to establish or enforce a right to indemnification
under this Agreement or any other statute or law or otherwise as required under applicable law or (ii) Expenses incurred by the
Indemnitee in connection with preparing to serve or serving as a witness in cooperation with any party or entity who or which has
threatened or commenced any action or proceeding against the Company, or any director, officer, employee, trustee, agent, representative,
subsidiary, parent corporation or affiliate of the Company, but such indemnification or advancement of Expenses in each such case
may be provided by the Company if the Board of Directors finds it to be appropriate;

 

(b)           To
indemnify the Indemnitee for any Expenses, judgments, fines, interest or penalties sustained in any Proceeding for which payment
is actually made to the Indemnitee under a valid and collectible insurance policy, except in respect of any excess beyond the amount
of payment under such insurance;

 

(c)           To
indemnify the Indemnitee for any Expenses, judgments, fines, interest or penalties sustained in any Proceeding for an accounting
of profits made from the purchase or sale by the Indemnitee of securities of the Company pursuant to the provisions of Section
16(b) of the Act or similar provisions of any foreign or United States federal, state or local statute or regulation;

 

(d)           To
indemnify the Indemnitee for any Expenses, judgments, fines, interest or penalties for which the Indemnitee is indemnified by the
Company otherwise than pursuant to this Agreement;

 

(e)           
To indemnify the Indemnitee for any Expenses (including without limitation
any Expenses relating to a Proceeding attempting to enforce this Agreement), judgments, fines, interest or penalties on account
o

shall be finally adjudged to have been knowingly
fraudulent or deliberately dishonest or to have constituted willful misconduct, including, without limitation, breach of the duty
of loyalty; or

 

(f)           If
a court of competent jurisdiction finally determines that any indemnification hereunder is unlawful. In this respect, the Company
and the Indemnitee have been advised that the Securities and Exchange Commission takes the position that indemnification for liabilities
arising under securities laws is against public policy and is, therefore, unenforceable;

 

    	 	- 6 -	 

     

    

 

(g)           To
indemnify the Indemnitee in connection with Indemnitee’s personal tax matter; or

 

(h)           To
indemnify the Indemnitee with respect to any claim related to any dispute or breach arising under any contract or similar obligation
between the Company or any of its subsidiaries or affiliates and such Indemnitee.

 

10.         Continuation
of Indemnification. All agreements and obligations of the Company contained herein shall continue during the period that the
Indemnitee is a director or officer of the Company (or is or was serving at the request of the Company as an agent of another enterprise,
foreign or domestic) and shall continue thereafter so long as the Indemnitee shall be subject to any possible Proceeding by reason
of the fact that the Indemnitee was a director or officer of the Company or serving in any other capacity referred to in this Paragraph
10.

 

11.         Indemnification
Hereunder Not Exclusive. The indemnification provided by this Agreement shall not be deemed to be exclusive of any other rights
to which the Indemnitee may be entitled under the Company’s Articles, any agreement, vote of shareholders or vote of Disinterested
Directors, provisions of applicable law, or otherwise, both as to action or omission in the Indemnitee’s official capacity
and as to action or omission in another capacity on behalf of the Company while holding such office.

 

12.         Successors
and Assigns.

 

(a)           This
Agreement shall be binding upon the Indemnitee, and shall inure to the benefit of, the Indemnitee and the Indemnitee’s heirs,
executors, administrators and assigns, whether or not the Indemnitee has ceased to be a director or officer, and the Company and
its successors and assigns. Upon the sale of all or substantially all of the business, assets or share capital of the Company to,
or upon the merger of the Company into or with, any corporation, partnership, joint venture, trust or other person, this Agreement
shall inure to the benefit of and be binding upon both the Indemnitee and such purchaser or successor person. Subject to the foregoing,
this Agreement may not be assigned by either party without the prior written consent of the other party hereto.

 

(b)           If
the Indemnitee is deceased and is entitled to indemnification under any provision of this Agreement, the Company shall indemnity
the Indemnitee’s estate and the Indemnitee’s spouse, heirs, executors, administrators and assigns against, and the
Company shall, and does hereby agree to assume, any and all Expenses actually and reasonably incurred by or for the Indemnitee
or the Indemnitee’s estate, in connection with the investigation, defense, appeal or settlement of any Proceeding. Further,
when requested in writing by the spouse of the Indemnitee, and/or the Indemnitee’s heirs, executors, administrators and assigns,
the Company shall provide appropriate evidence of the Company’s agreement set out herein to indemnify the Indemnitee against
and to itself assume such Expenses.

 

13.         Subrogation.
In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights
of recovery of the Indemnitee, who shall execute all documents required and shall do all acts that may be necessary to secure such
rights and to enable the Company effectively to bring suit to enforce such rights.

 

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14.         Severability.
Each and every paragraph, sentence, term and provision of this Agreement is separate and distinct so that if any paragraph, sentence,
term or provision thereof shall be held to be invalid, unlawful or unenforceable for any reason, such invalidity, unlawfulness
or unenforceability shall not affect the validity, unlawfulness or enforceability of any other paragraph, sentence, term or provision
hereof. To the extent required, any paragraph, sentence, term or provision of this Agreement may be modified by a court of competent
jurisdiction to preserve its validity and to provide the Indemnitee with the broadest possible indemnification permitted under
applicable law. The Company’s inability, pursuant to a court order or decision, to perform its obligations under this Agreement
shall not constitute a breach of this Agreement.

 

15.         Savings
Clause. If this Agreement or any paragraph, sentence, term or provision hereof is invalidated on any ground by any court of
competent jurisdiction, the Company shall nevertheless indemnify the Indemnitee as to any Expenses, judgments, fines, interest
or penalties, which are incurred with respect to any Proceeding to the fullest extent permitted by any (a) applicable paragraph,
sentence, term or provision of this Agreement that has not been invalidated or (b) applicable law.

 

16.         Interpretation;
Governing Law. This Agreement shall be construed as a whole and in accordance with its fair meaning and any ambiguities shall
not be construed for or against either party. Headings are for convenience only and shall not be used in construing meaning. This
Agreement shall be governed and interpreted in accordance with the laws of the State of New York.

 

17.         Amendments.
No amendment, waiver, modification, termination or cancellation of this Agreement shall be effective unless in writing signed by
the party against whom enforcement is sought. The indemnification rights afforded to the Indemnitee hereby are contract rights
and may not be diminished, eliminated or otherwise affected by amendments to the policies, of the Company.

 

18.         Counterparts.
This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement and shall
become effective when one or more counterparts have been signed by each party and delivered to the other.

 

19.         Notices.
Any notice required to be given under this Agreement shall be directed to the Chief Financial Officer of the Company at Building
One, No. 1685 Huazhi Road, Qingpu District, Shanghai 201708, People’s Republic of China, and to the Indemnitee at                                   
or to such other address as either shall designate to the other in writing.

 

[The remainder of this page is intentionally
left blank.]

 

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

 

INDEMNITEE

 

	 	 
	Name:	 

 

Weidai Ltd.

 

	By:	 	 
	Name:	 
	Title:	 

 

[Signature Page to Indemnification Agreement]

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