Document:

Exhibit
10.14

 

Automobile
Consumer Loan Cooperation (Framework) Agreement

 

No:
RRR22L201704006

 

Party
A: Ping An Bank Co., Ltd., Shanghai Branch

Contact
Address: No.1351, Pudong South Road, Shanghai City

Contact
Number: 021-58828177

 

Address:
Room 105, 1st Floor, Tower 2, No. 333, Fengrao Road, Jiading District, Shanghai City

Contact
Number: 01084481818

 

Given
that:

 

Party
A, as a financial institution, and its branches issue consumer loans to the Customers to buy automobiles (including second- hand
automobiles). Party A has designated Party B as its franchise partner for conducting the Automobile Consumer Loan Business, and
provides quality automobile financial services to the Customers of Party B.

 

Party
B, as an automobile sales company, sells automobiles to the Customers through the distributor network under its management. Party
B, when sells automobiles, introduces the automobile financial products and services of Party A to its customers who have demands
for loans and use the automobile financial services of Party A on a voluntarily and proactive basis.

 

The
mutual cooperation between Party A and Party B, which is based on customer services, not only promotes the automobile consumer
financial products and services, but also supports the automobile sales of Party B, and at the same time, provides quality financial
services to the Customers. After arm’s length negotiations, the parties have entered into the following cooperation agreement
in relation to the provision of automobile consumer loan services to the Customers of Party B by Party A.

 

Article 1 Definitions

 

		1.	“Transaction
Acceptance Bank”: Party A or its designated branches.

		2.	“Distributors
                                         of Party B”: the authorized distributors under the management of Party B who sell
                                         automobiles to customers.

 

		3.	“Customers”:
the natural persons who buy automobiles from the Distributors of Party B and to whom the Transaction Acceptance Bank issues personal
automobile consumer loans in the end.

 

		4.	“Automobile
                                         Consumer Loan Business”: the business in relation to the issue of loans to the
                                         Customers to buy automobiles (including second-hand automobiles) by the Transaction Acceptance
                                         Bank.

 

    

     

    

 

		5.	“Financial
                                         Specialist of Party B”: the staff arranged by the Distributors of Party B, who
                                         is responsible for introducing automobile consumer loans to the Customers and assisting
                                         them to apply for automobile consumer loans from the Transaction Acceptance Bank.

 

		6.	“Discount
                                         Products”: these products apply to the circumstances under which the Distributors
                                         of Party B are willing to bear and directly pay the whole or part of the interests borne
                                         by the Transaction Acceptance Bank for the Customers in a lump sum.

 

		7.	“Average-capital-plus-interest”
                                         repayment method: a repayment method which shares the total principal and total interest
                                         of a mortgage loan equally into every month during the repayment period. Under this repayment
                                         method, the repayment amount is fixed for every month, however, the principal in monthly
                                         repayment increases month by month and the interest in monthly repayment decreases month
                                         by month.

 

		8.	“Equal
                                         principal” repayment method: a repayment method under which the principal is equally
                                         distributed to each month, and the borrower pays off the interest for the period commencing
                                         from the previous trading day to the current repayment date. The monthly repayment amount
                                         is not fixed, in which the principal payable is equal and the interest payable decreases
                                         month by month.

 

		9.	“Matching
                                         the principal repayment of interest payment”: a repayment method under which the
                                         principal and interests are not required to be paid during the term of loan, and will
                                         be paid off on a lump sum basis upon the maturity of the loan.

 

		10.	“Interest
only” repayment method: a repayment method under which only interests are paid during the term of loan, and the principal
will be paid off on a lump sum basis upon the maturity of the loan.

 

		11.	“Entrusted
payment”: the entrusted payment is a payment method for loan funds. It means that the Transaction Acceptance Bank pays the
Automobile Consumer Loan to the Distributors of Party B according to the loan application and entrusted payment arrangement from
the Customers.

 

Article
2 Contents of Cooperation

 

		1.	Party
                                         A and B are jointly responsible for the development, management, coordination, and improvement
                                         of the marketing of Automobile Consumer Loan Business. The specific Automobile Consumer
                                         Loan cooperation business of Party A is mainly responsible by the headquarters and segment
                                         of the automobile finance department of Party A.

 

		2.	Party
                                         A develops exclusive products or plans in connection with the Automobile Consumer Loan
                                         Business for the authorized distributors managed by Party B (“Distributors of Party
                                         B”) which determine the number of periods of installment, annual interest rate,
                                         down payment requirements and other product information, and give guidance to the Transaction
                                         Acceptance Bank and the Distributors of Party B to carry out financial services specific
                                         to automobile consumers.

 

    

     

    

 

		3.	Party
                                         B develops the marketing plan for automobile sale and conducts overall marketing and
                                         promotion of the cooperation plan. Party B gives guidance to its distributors to implement
                                         the cooperation plan between the parties, provides advisory and communication services
                                         for the Customers, and cooperates with Party A to conduct Automobile Consumer Loan Business.
                                         The Distributors of Party B shall arrange at least one Financial Specialist who is responsible
                                         for liaising, coordinating and information collection with the staff of the Transaction
                                         Acceptance Bank and customers, and offers assistance the Customers in the completion
                                         of procedures related to the application of Automobile Consumer Loan with Transaction
                                         Acceptance Bank.

 

		4.	Customers
                                         are free to choose the suitable product under the Automobile Consumer Loan Business.
                                         The Financial Specialist of Party B shall refer to the Party A the customers who qualify
                                         the conditions under Automobile Consumer Loan Business and demand the automobile financial
                                         services of Party A on a voluntary and active basis. Party A does not require Party B
                                         or the Financial Specialist of Party B to give priority to recommending to Customers
                                         the products under Automobile Consumer Loan Business provided by Party A. This agreement
                                         does not prohibit Party B and the Financial Specialist of Party B from recommending to
                                         Customers the automobile consumer loan businesses offered by other banks or other financial
                                         institutions or companies.

 

Article
3 Steps of Cooperation

 

		1.	The
                                         Distributors of Party B shall open a bank account with Party A or other bank for the
                                         transfer of the automobile consumer loan by the Transaction Acceptance Bank to the Distributors
                                         of Party B as entrusted by Customers.

 

		2.	After
                                         the Distributors of Party B enters into the automobile purchase agreement with the Customers
                                         and the down payment is paid by the Customers, the Distributors of Party B shall issue
                                         the automobile purchase invoice to the Customer and assist the Customers in purchasing
                                         the insurance, paying the purchase tax and obtain the vehicle license. The Distributors
                                         of Party B shall explain and introduce the product of automobile financial products to
                                         the prospective customers. The Distributors of Party B shall submit the loan application
                                         of Customers to the Transaction Acceptance Bank and collect the relevant application
                                         materials.

 

		3.	The
                                         Transaction Acceptance Bank shall review the Customers’ application materials,
                                         credit status, financial status, etc. within 2 working days and notify the Customers
                                         and Party B and the Distributors of Party B of the results. If the Customers meet the
                                         conditions of grant of loans and pass the review by the Transaction Acceptance Bank,
                                         the Transaction Acceptance Bank and the Customer shall enter into the mortgage contract.
                                         After the entry, the Transaction Acceptance Bank shall issue the “Automobile Loan
                                         Consent” to Party B and the Distributors of Party B.

 

		4.	The
                                         Distributors of Party B shall, within 5 working days after receiving the “Automobile
                                         Loan Consent”, submit the vehicle registration certificate, vehicle invoice, original
                                         policy that meets the requirements of Party A and the materials required by local vehicle
                                         administration authority to the Transaction Acceptance Bank. The Transaction Acceptance
                                         Bank shall transfer the corresponding automobile consumer loan to the bank account of
                                         Party B within 2 working days after receiving all the necessary and qualified materials
                                         required for vehicle mortgage.

 

    

     

    

 

		5.	The
approval for the loan application of a customer by the Transaction Acceptance Bank remains effective for 2 months. If a mortgage
loan contract is not signed during the effective period and a customer still wants to apply for loans, the customer should reapply
for loans and submit relevant documents according to the requirements of the Transaction Acceptance Bank.

 

		6.	The
                                         effective period as agreed in this article applies to most of the circumstances during
                                         the business cooperation between the parties. If any special circumstance occurs to one
                                         party, it should inform the other party in a timely manner, and deal with the circumstance
                                         upon the approval of the other party.

 

Article
4 Automobile Insurance

 

		1.	The
                                         Distributors of Party B shall assist the Customers to purchase the type of automobile
                                         insurance designated by Party A and the first beneficiary of the insurance shall be the
                                         Transaction Acceptance Bank designated by Party A. The types of insurance purchased shall
                                         include but not limited to:

 

		(1)	Automobile damage insurance (fully insured)

		(2)	Theft
and robbery insurance (fully insured)

		(3)	Third
party liability insurance (at least RMB200,000)

		(4)	Non-deductible
insurance (automobile damage insurance, theft and robbery insurance and third party liability insurance)

 

		2.	In
principal, a customer should purchase automobile insurance which is enough to cover the term of a loan in one time. If the Customers
purchase automobile insurance on an annual basis, the Distributors of Party B are obligated to remind and assist the Customers
to renew the insurance when it expires.

 

		3.	The
                                         Customers may select an insurance company on its own. Party A and the Transaction Acceptance
                                         Bank will not recommend, require or force the Customers to select specific insurance
                                         companies. Party A only imposes the above-mentioned mandatory requirements on the first
                                         beneficiary, type of insurance and insurance amount.

 

Article
5 Rights and Obligations of Party A

 

		1.	Party
                                         A has the right to independently determine the effective loan interest rate conforming
                                         to its business development in accordance with national policies and standards. In the
                                         event of any adjustment to the policy of loan interest rate, Party A shall timely notify
                                         Party B and the Distributors of Party B.

 

    

     

    

 

		2.	Party
                                         A has the obligation to provide various business supports such as training on the knowledge
                                         of automobile financial business and sales techniques to Party B and the Distributors
                                         of Party B. In the event of any change to the financial products and Party A’s
                                         loan application procedures, Party A shall timely notify Party B and the Distributors
                                         of Party B.

 

		3.	Transaction
                                         Acceptance Bank shall timely transfer automobile consumer loans to the bank account of
                                         Party B in accordance with the contractual arrangement and the authorization of customers.

 

		4.	In
                                         the event of any enquiries or complaints made by the Customers on the relevant details
                                         of automobile consumer loan, Transaction Acceptance Bank shall immediately deal with
                                         the issues or complaints raised by the Customers upon receipt of the notice from Party
                                         B and the Distributors of Party B who will be notified of the corresponding results thereafter.

 

		5.	Other
                                         than the loan application channels provided to the Distributors of Party B, Party A shall
                                         also provide them with the operational guidance on the acceptance of the Party A’s
                                         Automobile Consumer Loan Business, and the appropriately and timely updated promotional
                                         or printing materials.

 

Article
6 Rights and Obligations of Party B

 

		1.	Party
B has the right to request Party A to provide it with financial products in line with its market expansion needs. Party B shall
assist Party A in the development of financial products under this agreement, and provide Party A with information and products
through sharing relevant vehicle prices, automobile market conditions, etc.

 

		2.	Party
                                         B shall instruct the distributors under its management to conduct the Automobile Consumer
                                         Loan Business as agreed in this agreement with the Transaction Acceptance Bank of Party
                                         A. The Distributors of Party B are responsible for explaining Party A’s automobile
                                         consumer loan products to the potential Customers at their business offices in details.

 

		3.	Party
                                         B and its distributors confirm that they have obtained the confirmation and authority
                                         from Customers, and recommend to Party A the prospective customers who apply for automobile
                                         consumer loans based on their voluntary choice.

		4.	The
                                         Distributors of Party B shall conduct initial screening of the Customers, review their
                                         basic status, and are responsible for collecting, sorting, and handing over application
                                         materials of the qualified customers etc., as well as other services related to the Automobile
                                         Consumer Loan Business as agreed in the agreement and other agreements. For the avoidance
                                         of doubt, Party B does not provide Customers with any form of warranty or guarantee.
	 	 	 
	 	5.	Party B and
its affiliates shall not charge the Customers in the name of Party A or any of its affiliates.

 

    

     

    

 

Article
7 Terms of Confidentiality and Use of Data

 

		1.	Either
                                         party shall be obliged to keep confidential of the trade secrets of the other party,
                                         information about the Customers, and all other cooperation information obtained in the
                                         cooperation. They shall not disclose to any third party, use without consent, or permit
                                         the use by any other person; otherwise they shall bear the corresponding breach of contract
                                         or tort liability. Performing the obligation of public disclosure of statutory information
                                         shall not be regarded as infringement of trade secrets

 

		2.	The
                                         information of the other party or customer (including prospective customers) obtained
                                         by either party during the performance of this agreement shall be limited to use within
                                         the scope hereof, and shall not be used for any other purposes other than those set out
                                         in this agreement. Otherwise, the party concerned shall assume all responsibilities arising
                                         therefrom.

 

Article
8 Terms of Anti-Commercial Bribery

 

		1.	Both
                                         Party A and Party B understand and are willing to strictly abide by the laws and regulations
                                         of the People’s Republic of China on anti-commercial bribery. Both parties understand
                                         that any form of bribery and corruption will violate the law and will be subject to severe
                                         punishment by the law.

 

		2.	Both
                                         Party A and Party B shall not solicit, accept, provide, or offer any benefits other than
                                         those in the agreement to the other party or its personnel in charge or any other personnel
                                         concerned, including but not limited to the open rebate, hidden rebate, cash, shopping
                                         card, benefit in kind, quoted securities, travelling or other non-physical benefits,
                                         but if such benefits are practice in the industry or common practice, they must be expressly
                                         stated in the agreement.

 

		3.	Party
                                         A strictly prohibits the personnel in charge from being engaged in any commercial bribery.
                                         Any of the acts listed in the second paragraph under this Article committed by the personnel
                                         in charge of Party A violates the company system implemented by Party A and will be subject
                                         to punishment according to the company system of Party A and state laws.

 

		4.	Party
                                         A solemnly reminds that Party A objects to any of the acts listed in the second paragraph
                                         under this Article committed by Party B or the personnel in charge of Party B with any
                                         third party other than those to this agreement for the purposes of this agreement, and
                                         any of such acts violates the state law and will be subject to punishment by state laws.

 

		5.	If
                                         either party or its personnel in charge violates the provisions of the aforesaid terms
                                         and causes damage to the other party, such party shall be liable for damages.

 

		6.	The
                                         term “other relevant personnel” set out in this Article refers to the persons
                                         having direct or indirect interest in the agreement other than the personnel in charge
                                         of either party, including but not limited to the relatives and friends of the personnel
                                         in charge.

 

    

     

    

 

Article
9 Change, Termination, and Continuation of the Agreement

 

		1.	During
                                                                                                                                                   the performance of this agreement, either party shall give notice in connection with
                                                                                                                                                   any change to this agreement to the other party in writing 30 days in advance and such
                                                                                                                                                   change shall be valid through mutual negotiation. Either party has the right to terminate
                                                                                                                                                   this agreement, but needs to notify the other party in writing 30 days in advance. In the event that any force majeure event
                                                                                                                                                   causes the failure of performance of this agreement, either party shall
notify the other party in writing to terminate the agreement.

 

		2.	The
                                         termination of this agreement shall not relieve the parties of their rights and obligations
                                         which shall continue to exist after the termination of this agreement. Upon and subsequent
                                         to the termination of this agreement, all express or implied terms, agreements, undertakings
                                         or conditions will continue to be valid (e.g., the approval of the credit application
                                         submitted prior to the termination of this agreement is still subject to the terms and
                                         conditions of this agreement).

 

		3.	The
                                         contents such as the terms of confidentiality and use of data, and terms of anti-commercial
                                         bribery of this agreement shall survive the change, termination or release of this agreement.

 

Article
10 Applicable Laws and Dispute Resolution

 

		1.	This
agreement is entered into pursuant to the laws of the People’s Republic of China which shall be applicable to it.

 

		2.	The
                                         parties shall firstly strive to settle any dispute or controversy arising from or relating
                                         to this agreement in the principle of honesty and trustworthiness through friendly negotiation.
                                         In case no settlement can be reached through negotiation, each party shall have the right
                                         to file a lawsuit in the People’s Court where Party A is located.

 

Article
11 Effectiveness and Validity Period of the Agreement

 

		1.	This
agreement shall be made in duplicate and each party holds one copy, which shall be of the same legal effect.

 

		2.	This
                                         agreement shall take effect after being signed or affixed with company seals by the legal
                                         representatives (or authorized representatives) of the parties, the validity period of
                                         which shall commence from 17 April 2017 to 17 April
2018. If no written notice is given by one party to the other party to terminate this agreement within 30 days prior to the expiry
of this agreement, this agreement shall be automatically extended for one year.

 

Article
12 Miscellaneous

 

		1.	The
                                         appendices to this agreement (if any) constitute an integral part of this agreement and
                                         shall have the same effect as the articles stipulated in the main body thereunder.

 

    

     

    

 

		2.	Should
                                         there be any matters not covered by this agreement, Party A and Party B may otherwise
                                         enter into supplemental agreements after negotiation. The supplemental agreements and
                                         this agreement shall be of the same effect.

 

		3.	This
                                         agreement and its appendices constitute the entire agreement reached between both parties
                                         in relation to the subject of this agreement and supersedes all previous negotiations
                                         and communications commenced and agreements reached between the parties.

 

Party
A (seal): Shanghai Branch of Ping An Bank Co., Ltd.

Legal
Representative:

Or
authorized representative (signature):

 

[SEAL]

 

Legal
Representative:

Or
authorized representative (signature):

 

[SEAL]

 

Signing
place of this Agreement:

Signing
date of this Agreement:Exhibit 10.15 

 

Jieying Automobile Offline ( 2017-001 )

 

 

 

Supplemental Agreement of

Automobile Consumption Loan Cooperation
(Framework) Agreement

 

No: Yin Qi (201) He Zuo Bu Zi No.
[ ]

 

Party A: Shanghai Branch of Ping An Bank Co., Ltd. 

Party B: Shanghai Jieying
Automobile Sales Co., Ltd. (上海捷盈汽車銷售有限公司)

 

On the basis of
equality and mutual benefit, Party A and Party B agreed to enter into the supplemental agreement in accordance with”Automobile
Consumption Loan Cooperation (Framework) Agreement” (hereinafter referred to as the “Cooperation Agreement”)
and other supplementary agreements between both parties upon further confirmation of the service fee.

 

I. Service
Mode

 

The parties hereto
shall cooperate in the development, management, coordination, improvement and other matters of automobile consumption loan business.
Party B shall cooperate with Party A in the development of the financial service of automobile consumption loan. Party B shall
provide customer referral service based on the voluntariness of customers’ choice, and Party A shall be responsible for the
negotiation of the specific financial business.

 

II. Term of Service

 

This Agreement shall take effect from
June 1, 2017 to December 31, 2017.

 

III. Service
Fee and Settlement

 

1. Based
on the engaging customers and business services to be provided by Party B, Party A shall pay the service fee (tax inclusive) to
Party B in accordance with the following fee standard upon verification by both parties hereto, service fee = amount of the loan*
fee standard:

 

	
        Rate of interest

        Single Loan

	
        12%

        (inclusive)

	
        from 12.5%

        (inclusive)

	
        10%

        (inclusive)

	
        from
        10.5%

        (inclusive)

	
        14%

        (inclusive)

	
        from
        14.5%

        (inclusive)

	
        16%

        (inclusive)

	
        from 16.5%

        (inclusive)

	
        At the same time,
        the following criteria it shall be met.

         

        1) The number of loans for used
        cars in a single natural month shall not be less than 5;

         

        2) Within 3 months after the issuance
        of a single loan, provided the loan be overdue for more than 30 natural days, the corresponding fee shall be deducted.

	RMB50,000 or less

	1%	1.5%	 
	[RMB50,000, RMB500,000)	 	1%	1.5%
	[RMB500,000, RMB1,000,000)	 	1%	1.5%
	
        above RMB1,000,000

        (inclusive)

	 	1%	1.5%

 

2. The service fee
shall be settled on monthly basis. Party A shall provide a consolidated breakdown table of automobile consumption loan business
for the previous month to Party B before the 10th of each month, and Party B shall issue a value-added tax invoice upon the confirmation
by both parties hereto. Party A shall settle the payment to the designated settlement bank account of Party B within 15 working
days upon receiving the invoice.

 

3. The designated account of Party B

 

Account
Bank : Beijing East
3rd Ring Road Branch of China Merchants Bank

 

Account
Name : Shanghai Jieying
Automobile Sales Co., Ltd. (上海捷盈汽車銷售有限公司)

 

Account
No. : 110928168110901

  

     

     Page 1 of 2

    

 

 

 

IV. Anti-commercial Bribery Provisions

 

1. Both parties
hereto should inform themselves as to and be willing to strictly abide by the laws and regulations of the People’s Republic
of China on anti-commercial bribery. Both parties hereto should inform themselves as to any bribery and corruption will violate
the law and will be severely punished by the law.

 

2. None of the
parties hereto may request, accept, provide, or give any benefit other than the benefit agreed therein to the other party or responsible
person of the other party or other relevant personnel, including but not limited to commission, brokerage, cash, shopping
card, physical goods, securities, journey or other non-material interests, provided such benefits are industry practice or common
practice, they must be clearly stated therein.

 

3. Party A must
strictly prohibit any commercial bribery by its responsible person. Any behavior
listed in the second clause of this term would be a violation of Party A’s company rules
and should be severely punished according to Party A’s company rules and national
laws.

 

4. Party A hereby
solemnly instructs that, Party A objects Party B or responsible person of Party B
with any third party other than a party hereto, for the purposes hereof, any behavior
listed in the second clause of this term, which are in violation of national laws, and would be punished by national laws.

 

5. If one party
or its responsible person violates the provisions of clause 2-4 above and causes loss
to the other party, it shall be liable for the damages.

 

6. “Other
relevant personnel” mentioned in this term refers to persons other than the responsible
person of the parties hereto who are directly or indirectly interested herein, including but not limited to the relatives
and friends of the responsible person.

 

V. Others

 

Those unmentioned herein, provided
that such is agreed in the Cooperation Agreement, shall be implemented based on provisions hereof. For those not yet contracted,
may be added as an appendix. This agreement is made in two originals that should be held by each party, each of which shall be
deemed equally authentic. It takes effect after both parties hereto have signed (or stamped with a signature) or stamped.

 

(No text below)

 

(There is no text on this page. It
is the signature page of the “Supplemental Agreement of

 

Automobile Consumption Loan Cooperation
(Framework) Agreement”)

 

Party A (seal): Shanghai Branch of
Ping An Bank Co., Ltd.

 

Responsible person or authorized agent
(signature):

 

Party
B (seal): Shanghai Jieying Automobile Sales Co., Ltd. (上海捷盈汽車銷售有限公司)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00295-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00295-of-00352.parquet"}]]