Document:

Exhibit 10.20

 Exhibit 10.20 
 EQUITY INTEREST PLEDGE AGREEMENT 
 THIS EQUITY INTEREST PLEDGE AGREEMENT (this
“Agreement”) is entered into by and between the following parties effective as of January 1, 2008. 
 Pledgee: Recon Technology
(Jining) Co., Ltd. (“Party A”) 
 Registered address: Chuang Ye Zhong Xin, High Tech Zone, Jining, Shandong Province, People’s Republic of
China (“PRC”). 
 Pledgor: Li Hongqi (“Party B”) 
 ID No.: 370802197411182139 
 Address: #11, Huan Bi Quan Road, Shi Zhong District, Jining City, Shandong Province, PRC.

 Each of Party A and Party B is referred to as a “Party”, and Party A and Party B are referred to collectively as the
“Parties”. 
 WHEREAS: 
  

	1.	Party A is a wholly foreign-owned enterprise duly established and valid existing under the laws of the PRC. Party A and Jining ENI Energy Technology Co., Ltd. (the
“Company”) entered into an Exclusive Technical Consulting Service Agreement effective as of January 1, 2008 (the “Service Agreement”). 

  

	2.	Party B, a citizen of the PRC holds a 40% equity interest in the Company, which is a limited liability company duly established and valid existing in Beijing under the laws of the
PRC. 

  

	3.	Pursuant to the Service Agreement, the Company shall make certain payments to Party A in consideration of the consulting services provided by Party A thereunder. In order to ensure
that Party A collects the Consulting Fee from the Company as provided in the Service Agreement, Party B is willing to pledge all of its equity interest in the Company to Party A as security to ensure that Party A collects the Consulting Fee under
the Service Agreement. 

 NOW THEREFORE, intending to be bound hereby, the Parties hereto agree as follows: 
 Article 1 Definitions 
 Unless it is otherwise stipulated, for the
purpose of this Agreement, the following terms shall have the following meanings: 
  

	1.1	“Event of Default” means any event in accordance with Article 7 hereunder. 

  

	1.2	“Equity Interest” means the 40% equity interest in the Company legally held by Party B and any other equity interest in the Company which may be held by Party B in the
future; 

  

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	1.3	“Force Majeure Event” means any event that is out of the control of each party and that would be unavoidable or insurmountable even if the party affected by such event
paid reasonable attention to it. Force Majeure Event shall include, but not be limited to government actions, natural disasters, fire, explosion, typhoons, floods, earthquakes, tide, lightning and war. However, any lack of credit, assets or
financing shall not be deemed a Force Majeure Event. 

  

	1.4	“Notice of Default” means the notice of default issued by Party A in accordance with this Agreement. 

  

	1.5	“Pledge” has the full meaning assigned to that term in Article 2 of this Agreement. 

  

	1.6	“Rate of Pledge” means the ratio between the value of the Pledge under this Agreement and the Consulting Fees under the Service Agreement. 

  

	1.7	“Service Agreement” means the Exclusive Technical Consulting and Service Agreement entered into by and between the Company and Party A. 

  

	1.8	“Term of Pledge” means any event in accordance with Article 7 hereunder. 

 Article 2 Pledge 
  

	2.1	Party B agrees to pledge all of its Equity Interest in the Company to Party A as a guarantee for the Consulting Fees payable to Party A under the Service Agreement.

  

	2.2	Party A, by virtue of the Pledge, shall be entitled to have priority in receiving payment or proceeds from the auction or sale of the Equity Interest pledged by Party B to Party A.

 Article 3 Rate of Pledge and Term of Pledge 
  

	3.1	The Rate of Pledge shall be 100% under this Agreement. 

  

	3.2	The Term of Pledge 

  

	 	3.2.1	The Pledge shall be effective as of the date that the Pledge is recorded in the register of shareholders of the Company and shall remain effective so long as this Agreement remains
in effect. 

  

	 	3.2.2	During the Term of Pledge, Party A shall be entitled to foreclose on the Pledge in accordance with this Agreement in the event that the Company fails to pay the Consulting Fees in
accordance with the Service Agreement. 

  

	 	3.2.3	Except as otherwise provided hereunder, Party A shall be entitled to exercise, dispose of or assign the Pledge in accordance with this Agreement. 

  

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 Article 4 Physical Possession of Documents 
  

	4.1	During the Term of Pledge, Party A shall be entitled to possess the contribution certificate of the Equity Interest (the “Contribution Certificate”) and the
register of shareholders of the Company. Party B shall deliver the Contribution Certificate and the register of shareholders hereunder to Party A within one week after the execution date of this Agreement. 

  

	4.2	Party A shall be entitled to collect the dividends from the Equity Interest during the term of the Pledge. 

 Article 5 Representations and Warranties of Party B 
  

	5.1	Party B is the legal owner of the Equity Interest. 

  

	5.2	Except as otherwise provided hereunder, Party A shall not be interfered with by any parties at any time when Party A is exercising its rights in accordance with this Agreement.

  

	5.3	Except as otherwise provided hereunder, Party A shall be entitled to exercise, dispose of or assign the Pledge in accordance with this Agreement. 

  

	5.4	Party B shall not pledge or encumber the Equity Interest to any other person except for Party A. 

 Article 6 Covenant of Party B 
  

	6.1	During the effective term of this Agreement, Party B covenants to Party A as follows: 

  

	 	6.1.1	Except for the transfer of the Equity Interest by Party B, Party A and the Company, as contemplated by the Exclusive Equity Interest Purchase Agreement entered into by and between
Party B and Party A, Party B shall not transfer or assign the Equity Interest, or create or permit to be created any pledges which may have an adverse effect on the rights or benefits of Party A without prior written consent from Party A.

  

	 	6.1.2	Party B shall comply with and implement all laws and regulations with respect to the right of pledge, present to Party A any notices, orders or suggestions with respect to the
Pledge issued or made by the competent authority after receiving such notices, orders or suggestions and comply with such notices, orders or suggestions, or object to the foregoing matters at the reasonable request of Party A or with the written
consent of Party A. 

  

	 	6.1.3	Party B shall timely notify Party A of any events or the receipt of any notices which may affect the Equity Interest or any part of its right, which may change any of Party B’s
convenants and obligations under this Agreement or which may affect Party B’s performance of its obligations under this Agreement. 

  

	6.2	Party B agrees that Party A’s right to exercise the Pledge shall not be suspended or hampered through legal procedure by Party B or any successors of Party B or any person
authorized by Party B. 

  

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	6.3	Party B warrants to Party A that in order to protect or perfect the security over the payment of the Consulting Fees under the Service Agreement, Party B shall execute in good faith
and cause other parties who may have any interest in the Pledge to execute all title certificates, contracts or other documents, and/or perform and cause other parties who have any interest to take action as required by Party A and provide access to
exercise the rights and authorization vested in Party A under this Agreement, and execute all the documents with respect to the Equity Interest and promptly provide all the notices, orders and decisions regarded as necessary by Party A to Party A
within a reasonable time. 

  

	6.4	Party B warrants to Party A that Party B will comply with and perform all the guarantees, covenants, agreements, representations and conditions for the benefit of Party A. Party B
shall indemnify Party A for all the losses suffered by Party A in the event that Party B does not perform or fully perform its guarantees, covenants, agreements, representations or conditions hereunder. 

 Article 7 Events of Default 
  

	7.1	The occurrence of any of the events listed below shall be deemed an Event of Default: 

  

	 	7.1.1	The Company fails to make full payment of the Consulting Fees as scheduled under the Service Agreement. 

  

	 	7.1.2	Party B makes any misleading or fraudulent representations or warranties under Article 5 herein, and/or Party B violates any warranties under Article 5 herein.

  

	 	7.1.3	Party B violates any of the covenants under Article 6 herein. 

  

	 	7.1.4	Party B violates any terms or conditions herein. 

  

	 	7.1.5	Party B waives the pledged Equity Interest or transfers or assigns the pledged Equity Interest without the prior written consent of Party A, except as provided by Article 6.1.1
herein. 

  

	 	7.1.6	Any external loan, security, compensation, covenant or other compensation liability of Party B (1) is required to be repaid or performed prior to its scheduled date; or
(2) is due but is not repaid or performed as scheduled. 

  

	 	7.1.7	Party B is incapable of repaying its general debt or other debt. 

  

	 	7.1.8	Party A determines that the performance of this Agreement is illegal for any reason. 

  

	 	7.1.9	Any approval, permit or authorization needed to perform this Agreement or to validate this Agreement is withdrawn, suspended, invalidated or materially revised.

  

	 	7.1.10	The property of Party B adversely changes and causes Party A to conclude that the capability of Party B to perform the obligations herein under this Agreement is impaired.

  

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	 	7.1.11	The successors or assigns of the Company are only entitled to perform a portion of or refuse to perform the payment liability under the Service Agreement. 

 

	 	7.1.12	Other circumstances whereby Party A determines that its rights hereunder have been impaired. 

  

	7.2	Party B shall immediately notify Party A in writing if Party B becomes aware of or finds that any event under Article 7.1 herein or any event that may result in an Event of Default
has occurred or is occurring. 

  

	7.3	Unless the Event of Default under Article 7.1 herein has been remedied to Party A’s sole and absolute satisfaction, Party A, at any time during the Event of Default or
thereafter, may give a written Notice of Default to Party B and require Party B to immediately make full payment of the outstanding technical consulting and service fees under the Service Agreement and other payables or foreclose on the Pledge in
accordance with Article 8 herein. 

 Article 8 Exercise of the Right of Pledge 
  

	8.1	Party B shall not transfer or assign the Equity Interest without prior written approval from Party A prior to the full repayment of the Consulting Fees under the Service Agreement.

  

	8.2	Party A shall give Notice of Default to Party B when Party A exercises its right to foreclose on the Pledge. 

  

	8.3	Subject to Article 7.3, Party A may exercise the right to foreclose on the Pledge at any time provided Party A gives the Notice of Default pursuant to Article 7.3.

  

	8.4	Party A is entitled to have priority in receiving payment or proceeds from the auction or sale of all or part of the Equity Interest pledged herein in accordance with applicable law
until the Consulting Fees and all other payables under the Service Agreement are repaid. 

  

	8.5	Party B shall not hinder Party A from foreclosing on the Pledge in accordance with this Agreement and shall give necessary assistance so that Party A may effectively realize the
value of the Pledge. 

 Article 9 Transfer or Assignment 
  

	9.1	Party B shall not transfer or assign any rights or obligations herein without the prior written consent of Party A, which shall be in Party A’s sole and absolute discretion.
Party B understands that any transferee or assignee shall be required to be bound hereby. 

  

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	9.2	Party A may transfer or assign all or any rights and obligations under the Service Agreement to any person (natural person or legal entity) at any time without the consent of Party
A. Any transferee or assignee shall enjoy and undertake the same rights and obligations herein of Party A as if the assignee were a party hereto. If Party A transfers or assigns the rights and obligations under the Service Agreement, the Service
Agreement will continue in full force and effect without need for execution of further documents. 

  

	9.3	This Agreement shall be binding upon and inure to the benefit of Party A and its successors and assigns and shall be effective as to Party B and any of its permitted successors and
assigns. 

 Article 10 Termination 
  

	10.1	This Agreement shall remain in full force and effect so long as the Service Agreement remains in effect. 

 Article 11 Formalities Fees and Other Expenses 
  

	11.1	Party B shall be responsible for all the fees and actual expenditures in relation to this Agreement, including but not limited to, legal fees, costs of production, stamp tax and any
other taxes and charges. If Party A pays any such fees on behalf of Party B, Party B shall promptly reimburse Party A in full. Nothing in the foregoing sentence shall be construed to require Party A to pay any such fees. 

  

	11.2	Party B shall be responsible for all the fees, including, but not limited to, any taxes, formalities fees, management fees, litigation fees, attorneys’ fees, and various
insurance premiums in connection with disposition of the Pledge incurred by Party B by virtue of Party B’s failure to pay any taxes, fees or charges in accordance with this Agreement. 

 Article 12 Force Majeure 
  

	12.1	If the fulfillment of this Agreement is delayed or blocked due to a Force Majeure Event, the party affected by such a Force Majeure Event shall be free from any obligation to the
extent of the delay or holdback. The party claiming the occurrence of a Force Majeure Event shall provide the other party with the steps of fulfilling the obligations of this Agreement. 

  

	12.2	Performance under this Agreement shall be suspended during the existence of such Force Majeure Event, provided the Party claiming the existence of the Force Majeure Event has
notified the other Party of the existence of such Force Majeure Event and has used reasonable best efforts to perform under the Agreement. Both Parties agree to use reasonable best efforts to resume performance of this Agreement if the reason for
exemption has been corrected or remedied. 

 Article 13 Dispute Settlement 
  

	13.1	This Agreement shall be governed by and construed in all respects in accordance with the laws of the PRC. 

  

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	13.2	The Parties shall strive to settle any dispute arising from the interpretation or performance of this Agreement through mutual agreement and negotiation. In case no settlement can
be reached through consultation, each Party can submit such matter to the China International Economic and Trade Arbitration Committee for arbitration according its current effective arbitration rules. The arbitration shall be held in Beijing. The
arbitration proceedings shall be conducted in Chinese. The arbitration award shall be final and binding upon the Parties. The arbitration award may be submitted to the applicable PRC court for enforcement. 

 Article 14 Notices 
  

	14.1	Any notice or other communication under this Agreement shall be in Chinese and be sent to the address first written above or other address as may be designated from time to time by
hand delivery or mail or facsimile. Any notice required or given hereunder shall be deemed to have been served: (a) on the same date if sent by hand delivery; (b) on the tenth date after posting if sent by air-mail, (c) on the fourth
date if sent by the professional hand delivery which is acknowledged worldwide; and (d) the receipt date displayed on the transmission confirmation notice if sent by facsimile. 

 Article 15 Appendix 
  

	15.1	The Appendix of this Agreement as attached hereto is the part of this Agreement. 

 Article 16 Effectiveness 
  

	16.1	This Agreement is effective as of the date above first written. Any amendments, supplements and modifications shall be in writing and shall be effective upon execution by the
Parties thereto. 

  

	16.2	This Agreement is made in Chinese and English in one or more original or facsimile counterparts. The Chinese version will prevail in the event of any inconsistency between the
English and any Chinese translations thereof. 

 [THIS SPACE IS INTENTIONALLY LEFT BLANK] 
  

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 This page is the signing page of this Equity Interest Pledge Agreement. 
 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first set forth above written. 
  

			
	Party A: Recon Technology (Jining) Co., Ltd.
		
	By:	 	/s/ Yin Shenping
	Name:	 	Yin Shenping
	Its:	 	Chief Executive Officer

  

	
	Party B: Li Hongqi
	
	/s/ Li Hongqi
	Li Hongqi

  

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 APPENDIX 
  

	1.	The register of the shareholders of the Company 

  

	2.	The Contribution Certificate of the Company 

  

	3.	The Exclusive Technical Consulting Service Agreement. 

  

 9Exhibit 10.21

 Exhibit 10.21 
 EXCLUSIVE TECHNICAL CONSULTING SERVICE AGREEMENT 
 THIS EXCLUSIVE TECHNICAL CONSULTING SERVICE AGREEMENT (the
“Agreement”) is entered into by and between the following parties effective as of January 1, 2008. 
 Party A: Recon Technology
(Jining) Co., Ltd. 
 Registered Address: Chuang Ye Zhong Xin, High Tech Zone, Jining, Shandong Province, People’s Republic of China (the
“PRC”). 
 Party B: Nanjing Recon Technology Co., Ltd. 
 Registered Address: No. 420 Zhonghualu, Qinhuai District, Nanjing, PRC. 
 (each a “Party” and collectively the
“Parties”) 
 WHEREAS, 
  

	1.	Party A, a wholly foreign-owned enterprise duly established and valid existing under the laws of the PRC, possesses professional knowledge, facilities, resources and skills to
provide Party B with technical consulting services relevant to the development and operation of Party B’s business. 

  

	2.	Party B, a limited liability company duly established and valid existing under the laws of the PRC agrees to accept the technical consulting services provided by Party A in
accordance with this Agreement. 

 NOW THEREFORE, intending to be bound hereby, the Parties hereto agree as follows: 
  

	1.	Technical Consulting Services; Exclusivity 

  

	 	1.1	During the term of this Agreement, Party A shall provide the following technical consulting services to Party B in accordance with this Agreement: 

  

	 	(i)	Analysis and evaluation of Party B’s current business, operational model and customer types in an effort to integrate current business management resources;

  

	 	(ii)	Provision of advanced management skills to offer a framework for the construction of a new management platform; 

  

	 	(iii)	Provision of technology information and materials related to Party B’s business development and operation. The contents of the technology information and documents may be
enhanced or diminished during the performance of this Agreement upon mutual agreement to address each Party’s requirements; and 

	 	(iv)	Training of technical and managerial personnel for Party B and provision of required training documents. Party A will send technologists and managerial personnel to Party B to
provide related technology and training service as necessary. 

  

	 	1.2	Party B hereby agrees to accept the technical consulting services provided by Party A. Party B further agrees that, during the term of this Agreement, it shall not accept technical
consulting and services from any other party without the prior written consent of Party A. 

  

	 	1.3	Party A shall be the sole and exclusive owner of all right, title and interests to any and all intellectual property rights arising from the performance of this Agreement, including
but not limited to, copyrights, patent, know-how and commercial secrets, whether such intellectual property is developed by Party A or Party B. 

  

	2.	Consulting Fees 

  

	 	2.1	As consideration for the services provided by Party A under this Agreement, Party B shall pay a consulting fee to Party A equal to 90% of Party B’s annual net profit (the
“Consulting Fee”). 

  

	 	2.2	In addition to the Consulting Fee mentioned above, Party B agrees to reimburse Party A for all necessary expenses related to the performance of this Agreement, including but not
limited to, travel expenses, expert fees, printing fees and mail costs. 

  

	 	2.3	Party B also agrees to reimburse Party A for taxes (not including income tax), customs and other expenditures related to Party A’s performance of this Agreement.

  

	 	2.4	Party B shall pay in advance such service fees to Party A on a quarterly basis, with any over- or underpayment by Party B to be reconciled once the annual net profit of Party B is
determined at Party B’s fiscal year end. During the term of this Agreement, Party B shall make advance payments to Party A’s appointed bank account within three (3) working days after the beginning of each new quarter, and the parties
shall complete any reconciliation payment within three (3) days after the determination described in this Section 2.1. Party B shall send Party A a written report of service fees on a quarterly basis. Party B shall fax or mail the copies
of the remittance. In the event that Party B should fail to make timely payment of the Consulting Fee and other necessary expenses in accordance with this Agreement, Party B shall pay Party A a late fee based on twelve percent (12%) compound
annual interest from the date of such default. 

  

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	 	2.5	Party B shall open a separate bank account for the Consulting Fees under this Agreement. Party A is entitled to appoint its own employee, PRC accountant, or an international
accountant to review or audit Party B’s account books related to the services provided hereunder from time to time. Any fees payable to such an accountant shall be paid by Party A. Party B shall provide any and all documents, account books,
records, materials and information, as well as necessary assistance to the employee or accountant designated by Party A. The audit report issued by Party A’s employee shall be final and conclusive unless Party B gives written objection within
seven (7) days after receiving such report. An audit report issued by Party A’s appointed accountant shall be deemed final and conclusive. Party A is entitled to serve Party B with a written request for payment at any time after receiving
the audit report confirming the amount of the Consulting Fee. Party B shall pay within seven (7) days after receiving the notice in accordance with Article 2.4. 

  

	3.	Representations and Warranties 

  

	 	3.1	Representations and Warranties of Party A 

 Party A hereby
represents and warrants as follows: 
  

	 	3.2.1	It has the power to enter into and perform this Agreement in accordance with its constitutional documents and business scope, and has taken all necessary action to obtain all
consents and approvals necessary to execute and perform this Agreement. 

  

	 	3.2.2	The execution and performance of this Agreement by Party A does not and will not result in any violation of enforceable or effective laws or contractual limitations.

  

	 	3.2.3	Upon execution, this Agreement shall constitute the legal, valid and binding obligation of Party A and may be enforceable in accordance therewith. 

  

	 	3.2	Representations and Warranties of Party B 

 Party B hereby
represents and warrants as follows: 
  

	 	3.2.1	Party B is a company duly registered and validly existing under the laws of the PRC, and is authorized to enter into this Agreement. 

  

	 	3.2.2	Party B has the power to execute and perform this Agreement in accordance with its constitutional documents and business scope, and has taken all necessary action to obtain all
consents and approvals necessary to execute and perform this Agreement, and the execution and performance of this Agreement does not and will not result in any violation of enforceable or effective laws or contractual limitations.

  

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	 	3.2.3	Upon its execution, this Agreement shall constitute the legal, valid and binding obligation of Party B, enforceable against it in accordance with the terms hereof.

  

	4.	Confidentiality 

  

	 	4.1	Party B agrees to use reasonable best efforts to protect and maintain the confidentiality of Party A’s confidential information received in connection with this Agreement.
Party B shall not disclose, grant or transfer such confidential information to any third party. Upon termination of this Agreement, Party B shall, upon Party A’s request, return to Party A or destroy any documents, materials or software
containing any such confidential information, and shall completely delete any such confidential information from any memory devices, and shall not use or permit any third party to use such confidential information. 

  

	 	4.2	Pursuant to this Agreement, the term “confidential information” shall mean any technical information or business operation information which is unknown to the public, can
bring about economic benefits, has practical utility and about which a Party has adopted secret-keeping measures. 

  

	 	4.3	Both Parties agree that the provisions of this Article 4 shall survive notwithstanding the alteration, revocation or termination of this Agreement. 

  

	5.	Indemnities 

  

	 	5.1	Party B shall indemnify Party A against any loss, damage, liability or expenses suffered or incurred by Party A as a result of or arising out of any litigation, claim or
compensation request relating to the technical consulting services provided by Party A to Party B under this Agreement. 

  

	6.	Effectiveness and Term of this Agreement 

  

	 	6.1	This Agreement shall be executed and come into effect as of the date first set forth above. The term of this Agreement shall be twenty-five (25) years unless earlier terminated
as set forth in this Agreement or upon the mutual written agreement of the Parties hereto. 

  

	 	6.2	This Agreement may be extended prior to termination for one or more twenty-five (25) year terms upon written notice by Party A, provided such extension is permitted by law and
subject to the approval of the registration administration for the extension of Party B’s business duration. The parties will cooperate to renew this Agreement if such renewal is legally permitted at the time. 

  

	7.	Termination of the Agreement 

  

	 	7.1	The Agreement shall terminate automatically on the expiration date unless it is otherwise renewed in accordance with this Agreement. 

  

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	 	7.2	Throughout the term of this Agreement, Party B may not terminate this Agreement absent gross negligence, bankruptcy, fraud or illegal action on the part of Party A. Notwithstanding
the above, Party A may terminate this Agreement by providing written notice to Party B thirty (30) days before such termination. 

  

	 	7.3	The rights and obligations of both Parties under Article 4 and Article 5 of this Agreement shall survive after the termination of this Agreement. 

  

	8.	Dispute Settlement 

  

	 	8.1	The Parties shall strive to settle any dispute arising from the interpretation or performance, or in connection with this Agreement through mutual negotiation. In case no settlement
can be reached through negotiation, either Party may submit such dispute to the China International Economic and Trade Arbitration Committee for arbitration according to its current effective arbitration rules. The arbitration shall be held in
Beijing, PRC. The arbitration proceedings shall be conducted in Chinese. The arbitration award shall be final and binding upon the Parties. 

  

	9.	Force Majeure 

  

	 	9.1	A “Force Majeure Event” means any event which is out of the control of each party and that would be unavoidable or insurmountable even if the party affected by such event
paid reasonable attention to it. Force Majeure Events shall include, but not be limited to, government actions, natural disasters, fire, explosion, typhoons, floods, earthquakes, tide, lightning or war. However, any lack of credit, assets or
financing shall not be deemed a Force Majeure Event. 

  

	 	9.2	If the fulfillment of this Agreement is delayed or prevented due to a Force Majeure Event as defined above, the party affected by such a Force Majeure Event shall be free from any
obligation to the extent of the delay or holdback. The party claiming the occurrence of a Force Majeure Event shall provide the other party with the steps of fulfilling the obligations of this Agreement. 

  

	 	9.3	Performance under this Agreement shall be suspended during the existence of such Force Majeure Event, provided the Party claiming the existence of the Force Majeure Event has
notified the other Party of the existence of such Force Majeure Event and has used reasonable best efforts to perform under the Agreement. Both Parties further agree to use reasonable best efforts to resume performance of this Agreement if the
reason for exemption has been corrected or remedied. 

  

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	10.	Notices 

  

	 	10.1	Any notice or other communication under this Agreement shall be in Chinese and be sent to the addresses first written above or other addresses as may be designated from time to time
by hand delivery or mail or facsimile. Any notice required or given hereunder shall be deemed to have been served: (a) on the same date if sent by hand delivery; (b) on the tenth date after posting if sent by air-mail, (c) on the
fourth date if sent by the professional hand delivery which is acknowledged worldwide; and (d) the receipt date displayed on the transmission confirmation notice if sent by facsimile. 

  

	11.	Assignment 

  

	 	11.1	Party B may not assign or transfer any rights or obligations under this Agreement to any third party without prior written consent from Party A. 

  

	12.	Severability 

  

	 	12.1	If any of the terms of this Agreement are invalid, illegal or unenforceable, the validity and enforceability of the other terms hereof shall nevertheless remain unaffected.

  

	13.	Amendments and Supplement 

  

	 	13.1	Any amendment or supplement of this Agreement shall be effective only if it is made in writing and signed by both Parties hereto. The amendment or supplement duly executed by the
Parties hereto shall be made a part of this Agreement and shall have the same legal effect as this Agreement. 

  

	14.	Governing Law and Languages 

  

	 	14.1	This Agreement shall be governed by and construed in all respects in accordance with the laws of the PRC. 

  

	 	14.2	This Agreement is made in Chinese and English in one or more original or facsimile counterparts. The Chinese version will prevail in the event of any inconsistency between the
English and any Chinese translations thereof. 

 [THIS SPACE IS INTENTIONALLY LEFT BLANK] 
  

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 IN WITNESS WHEREOF, the undersigned hace executed this Agreement as of the date first set forth above written.

  

			
	Party A: Recon Technology (Jining) Co., Ltd.
		
	By:	 	/s/ Yin Shenping
	Name:	 	Yin Shenping
	Its:	 	Chief Executive Officer
	
	Party B: Nanjing Recon Technology Co., Ltd.
		
	By:	 	/s/ Yin Shenping
	Name:	 	Yin Shenping
	Its:	 	Chief Executive Officer

  

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