Document:

Exhibit 4.18

English Translation for Reference

EQUITY PLEDGE AGREEMENT

THIS EQUITY PLEDGE AGREEMENT (hereinafter “this Agreement”) is entered into in Shenzhen as of April 18, 2011 by the following parties:

Party A: Ying Si Kang Information Technology (Shenzhen) Co., Ltd.

Address: Rom 2108-2110-35, Jiahe Huaqiang Building, Shennan Road, Futian District, Shenzhen

Party B: Yuan Tian

ID card No.:

Third Party: Shenzhen Xinbao Investment Management Co., Ltd.

Address: Rom 2108-2110-22, Jiahe Huaqiang Building, Shennan Road, Futian District, Shenzhen

WHEREAS:

	
1.

	
Party A is a wholly foreign-owned enterprise incorporated in the People’s Republic of China (hereinafter the “PRC”).

 

	
2.

	
Party B is a citizen of the PRC and holds 5% equity interest (“Pledged Equity Interest”) in Shenzhen Xinbao Investment Management Co., Ltd. (hereinafter “Shenzhen Xinbao”), a limited liability company incorporated in Shenzhen, China.

 

	
3.

	
Party A and Party B signed the Loan Agreement on Aril 18, 2011, pursuant to which, Party A will provide an interest-free loan in the total amount of Five Hundred Thousand Renminbi (RMB500,000) (hereinafter the “Loan”) to Party B, and Party B will provide the Pledged Equity Interest to Party A as a guarantee for the Loan.

NOW THEREFORE, Party A (hereinafter the “Pledgee”) and Party B (hereinafter the “Pledgor”) hereby enter into this Agreement after friendly negotiation.

 

	
1. 

	
Right of Pledge

 

The Pledgor pledges all of his Pledged Equity Interest in Shenzhen Xinbao to the Pledgee as a guarantee for all of his liabilities under the Loan Agreement. The “Right of Pledge” refers to the right owned by the Pledgee to be first compensated from the money converted from, or the proceeds from the auction or sale of, such equity interest pledged by the Pledgor to the Pledgee.

 

	
2. 

	
Registration of Pledge

 

	 	
2.1

	
Within one (1) week after the signing of this Agreement, the Pledgor shall cause Shenzhen Xinbao to record the Pledgee’s Right of Pledge over his Pledged Equity Interest in the register of shareholders and deliver the copy of the register of shareholders bearing the common seal of Shenzhen Xinbao, as well as the original of equity contribution certificate of Shenzhen Xinbao to the Pledgee for safe-keeping.

 

  

1

  

	 	
2.2

	
Both parties agree that if conditions permit, they will make their best effort to file, and cause the pledge under this Agreement to be filed, with the industrial and commercial administrative department in the place where Shenzhen Xinbao is registered, but both parties confirm that unless compulsorily stipulated by the PRC laws and regulations, whether this Agreement is filed as above or not will not affect the validity of this Agreement.

 

	
3. 

	
Rights of the Pledgee

 

	 	
3.1

	
Where the Pledgor does not perform his liabilities, the Pledgee shall be entitled to be first compensated from the money converted from, or the proceeds from the auction or sale of, such Pledged Equity Interest.

	 	
3.2

	
The Pledgee shall be entitled to the bonus arising from the Pledged Equity Interest.

	
4. 

	
Representation and Warranty of the Pledgor

 

	 	
4.1

	
The Pledgor is the legal owner of the Pledged Equity Interest.

	 	
4.2

	
Except for the interest of the Pledgee, the Pledgor has not created other pledges or any other kinds of rights over the Pledged Equity Interest.

	 	
4.3

	
The pledge of the equity interest by the Pledgor has obtained the consent of the other shareholders of Shenzhen Xinbao, and other shareholders have unanimously agreed that they will give up the exercise of their respective preemptive right when the Pledgee actually exercises the Right of Pledge.

	
5. 

	
Undertakings by the Pledgor

	 	
5.1

	
During the term of this Agreement, the Pledgor undertakes to the Pledgee for the benefit of the Pledgee that he will:

 

	 	
5.1.1

	
Not transfer or dispose of the Pledged Equity Interest, nor create or cause to be created any pledge (except the pledge pursuant to this Agreement) on the Pledged Equity Interest without the prior written consent of the Pledgee.

	 	
5.1.3

	
Timely notify the Pledgee of any events or any received notices which may affect the Pledgor’s right over the Pledged Equity Interest or any part thereof, or may change the Pledgor’s any warranty and obligation under this Agreement or may have effects on it.

	 	
5.2

	
The Pledgor agrees that the Pledgee’s right to exercise the Right of Pledge obtained pursuant to this Agreement shall not be interrupted or hindered by the Pledgor or any of its successors or principals or any other person through legal proceedings.

	 	
5.3

	
The Pledgor undertakes to the Pledgee that in order to protect or improve the guarantee for the repayment of the loan under this Agreement, the Pledgor will execute in good faith and cause other interested persons relating to the Right of Pledge to execute all right certificates and contracts required by the Pledgee and/or perform and cause other interested persons to perform the acts required by the Pledgee and facilitate the exercise of the rights and authority granted to the Pledgee under this Agreement.

  

2

  

	 	
5.4

	
The Pledgor undertakes to the Pledgee that he will execute all documents relating to any change in equity interest that is pledged with the Pledgee and any persons designated by it (natural persons/ legal persons) within a reasonable period.

	 	
5.5

	
The Pledgor undertakes to the Pledgee that for the purpose of the Pledgee’s benefits, he will comply with and perform all warranties, undertakings, agreements, representations and conditions. Where the Pledgor does not perform, in whole or in part, his warranties, undertakings, agreements, representations and conditions, the Pledgor shall compensate all losses suffered by the Pledgee arising therefrom.

	
6. 

	
Event of Default

 

	 	
6.1

	
The following events shall be regarded as the Events of Default:

	 	
6.1.1

	
The Pledgor fails to perform his obligations under the Loan Agreement;

	 	
6.1.2

	
Any representation or warranty made by the Pledgor in Article 4 hereof contains  misleading or false information that is material and/or the Pledgor breaches any warranty in Article 4 hereof;

	 	
6.1.3

	
The Pledgor breaches the undertakings under Article 5 hereof;

	 	
6.1.4

	
The Pledgor breaches any of the other provisions of this Agreement;

	 	
6.1.5

	
Any borrowing, guarantee, compensation, undertaking or other debt liabilities of the Pledgor (1)  is required to be repaid or performed in advance due to a default; or (2) has been due but cannot be repaid or performed on time, which, in the opinion of the Pledgee, would have affected the ability of the Pledgor in performing his obligations under this Agreement;

	 	
6.1.6

	
Shenzhen Xinbao is incapable of repaying the general debts or other debts;

	 	
6.1.7

	
The properties owned by the Pledgor have significant adverse changes, which, in the opinion of the Pledgee, would have affected the ability of the Pledgor in performing his obligations under this Agreement;

	 	
6.2

	
If the Pledgor knows or finds that any matter stated in Article  hereof or any event possibly resulting in any of the above matters has occurred, he shall immediately inform the Pledgee in writing.

	 	
6.3

	
Unless the Events of Default listed in this Article 6.1 has been resolved to the satisfactory of the Pledgee, the Pledgee may give a written Notice of Default to the Pledgor at any time when the Pledgor is in default or thereafter, requesting the Pledgor to immediately pay the outstanding debts and other payables under the Loan Agreement or requesting to dispose of the Right of Pledge according to Article 7 hereof.

  

3

  

	
7. 

	
Exercise of the Right of Pledge

 

	 	
7.1

	
The Pledgor shall not transfer the Pledged Equity Interest before his obligations  under the Loan Agreement have been fully performed and without the prior written consent of the Pledgee.

	 	
7.2

	
The Pledgee shall give a notice to the Pledgor when the Pledgee exercises the Right of Pledge.

	 	
7.3

	
Subject to Article 6.3, the Pledgee may exercise the Right of Pledge when it gives a Notice of Default in accordance with Article 6.3 or at any time thereafter.

	 	
7.4

	
The Pledgee shall be entitled to be first compensated from the money converted from, or the proceeds from auction or sale of, all or part of the equity interest hereunder in accordance with statutory procedures until the outstanding debts and all other payables of the Pledgor under the Loan Agreement are repaid.

	 	
7.5

	
When the Pledgee disposes of the Right of Pledge in accordance with this Agreement, the Pledgor shall not pose any obstacles, and shall give necessary assistance in this regard so that the Pledgee can realize its Right of Pledge.

	
8. 

	
Assignment of this Agreement

 

	 	
8.1

	
The Pledgor shall have no right to transfer any of his rights and obligations under this Agreement without the prior consent of the Pledgee.

	 	
8.2

	
The Pledgee may, at any time and to the extent permitted by laws, transfer or assign all or any of its rights and obligations under the Loan Agreement to any person designated by it (natural person or legal person). In this case, such assignee shall have the same rights and obligations hereunder as those of the Pledgee as if the assignee is a party hereto. When the Pledgee transfers or assigns the rights and obligations under the Loan Agreement, only a written notice shall be given by the Pledgee to the Pledgor, and the Pledgor shall, at the request of the Pledgee, execute the relevant agreements and/or documents with respect to such transfer or assignment.

	 	
8.3

	
This Agreement shall be binding upon the Pledgor and his successors or heirs, and shall be valid and binding upon the Pledgee and each of its successors, heirs or permitted assigns.

 

	
9. 

	
Termination

 

This Agreement shall be terminated when the Loan under the Loan Agreement is paid off and the Pledgor ceases to undertake any obligations under the Loan Agreement, and the Pledgee shall, within the earliest reasonable and practicable time, offer assistance to complete necessary formalities so as to discharge the pledge of the Equity Interest.

 

	
10. 

	
Tax and Expenses

 

The Pledgee shall be responsible for all the fees and actual expenses in relation to this Agreement, including but not limited to legal fees, cost of production, stamp tax and any other taxes and charges. If the Pledgee shall pay the relevant taxes in accordance with the laws, it shall compensate all such taxes paid by the Pledgor.

 

  

4

  

	
11. 

	
Force Majeure

 

	 	
11.1

	
“Force Majeure” means any event that is beyond the reasonable control of either party and unavoidable or unpreventable and such event hinders, affects or delays any party to perform all or part of the obligations hereunder.  Such events include but not limited to earthquake, typhoons, flood, fire and other disasters, wars, riots, strikes or any other similar events.

	 	
11.2

	
Both parties agree and acknowledge that the party who is affected by the “Force Majeure” and cannot perform this Agreement shall not constitute the default as set forth in Articles 6.1 hereto and shall not be required to assume any liabilities hereunder. However, the party who is affected by the “Force Majeure” shall inform the other party as soon as possible of the event and shall take appropriate measures to minimize or eliminate the impact of “Force Majeure”, and make endeavors to resume the performance of the obligations delayed or prevented by the “Force Majeure”. Both parties agree to make their best efforts to resume the performance of this Agreement once the “Force Majeure” is eliminated.

	
12. 

	
Confidentiality

 

Both parties agree and acknowledge that any oral or written information exchanged between them in connection with this Agreement shall be confidential information. Each party shall keep confidential all such information, and shall not disclose any of the information to any third party without the prior written consent of the other party, except for the following: (a) the information that is or will be known to the public (provided that it is not disclosed to the public without authorization by the information receiving party); (b) the information required to be disclosed by applicable laws or stock exchange’s rules or regulations; or (c) the information required to be disclosed by either party to his/its legal or financial advisors with respect to the transaction contemplated under this Agreement, for which such legal or financial advisors shall also comply with the confidentiality obligations similar to those stated in this Article. Any divulgence of confidential information by any personnel of either party or any institutions engaged by him/it shall be deemed as the divulgence of confidential information by such party, and such party shall be liable for the breach pursuant to this Agreement.

 

	
13. 

	
Dispute Resolution

 

	 	
13.1

	
This Agreement shall be governed by and construed in accordance with the PRC laws.

 

	 	
13.2

	
Any dispute between the parties arising from the interpretation and performance of the provisions of this Agreement shall be settled by both parties in good faith through negotiations. In case no settlement can be reached by both parties, either party may refer such dispute to the China International Economic and Trade Arbitration Commission (“CIETAC”) for arbitration in accordance with its arbitration rules then in effect. The seat of arbitration shall be Shenzhen and the language of proceedings shall be Chinese. The arbitral award shall be final and binding upon both parties.

  

5

  

	
14. 

	
Integrity of this Agreement

 

This Agreement constitutes the entire representations and agreement between both parties with respect to the subject matter thereof and supersedes and replaces all prior oral and/or written representations, warranties, understandings and agreements reached by both parties made before the execution of the Agreement with respect to the subject matter thereof.

 

	
15. 

	
Severability of this Agreement

 

Should any provision of this Agreement be held invalid or unenforceable for any reasons, or violates any applicable laws, such provision shall not affect the legal effect of the other provisions hereof.

 

	
16. 

	
Amendment or Supplement to this Agreement

 

	 	
16.1

	
The parties hereto may make amendments or supplements to this Agreement by written agreement. All amendment agreements and supplemental agreements in relation to this Agreement that are duly signed by both parties shall form an integral part of this Agreement, and shall have the same legal effect as this Agreement.

	 	
16.2

	
This Agreement and any amendments, supplements or changes thereof shall be in writing and will come into effect upon being executed and sealed by both parties hereto.

	
17. 

	
Counterparts

 

This Agreement is executed in five originals in Chinese. Each of Party A and Party B shall hold one original, one original shall be held by Shenzhen Xinbao for filing and the other originals shall be provided for approval by or filing with the relevant authorities. Each original shall have the same legal effect.

 

[No text below]

 

 

 

 

  

6

  

[No text below]

IN WITNESS WHEREOF, legal representative of each party or its authorized representative has executed this Agreement  as of the date first above written.

Pledgee: Ying Si Kang Information Technology (Shenzhen) Co, Ltd.

Legal Representative/Authorized Representative:  /s/ Yuan Tian                      

Chop: [Chop affixed]

Pledgor: Yuan Tian

Signature: /s/ Yuan Tian

Third Party: Shenzhen Xinbao Investment Management Co., Ltd.

Legal Representative/Authorized Representative: /s/ Chunlin Wang

Chop: [Chop affixed]

 

 

7Exhibit 4.19

English Translation for Reference

EXCLUSIVE PURCHASE OPTION AGREEMENT

THIS EXCLUSIVE PURCHASE OPTION AGREEMENT (hereinafter “this Agreement”) is entered into by the following Parties in Shenzhen as of April 18, 2011:

Party A: Ying Si Kang Information Technology (Shenzhen) Co., Ltd.

Address: Rom 2108-2110-35, Jiahe Huaqiang Building, Shennan Road, Futian District, Shenzhen

Party B: Yuan Tian

ID card No.:

Party C: Shenzhen Xinbao Investment Management Co., Ltd.

Address: Rom 2108-2110-22, Jiahe Huaqiang Building, Shennan Road, Futian District, Shenzhen

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

WHEREAS:

	
1.  

	
Party A is a wholly foreign-owned enterprise incorporated under the laws of the People’s Republic of China (hereinafter the “PRC”);

	
2.  

	
Party C is a limited liability company incorporated in Shenzhen, the PRC;

	
3.  

	
Party B is a shareholder of Party C. Party B holds 5% equity interest in Party C (hereinafter the “Equity Interest”);

	
4.  

	
Party A and Party B signed the Loan Agreement on April 18, 2011, pursuant to which Party B will borrow a loan of Five Hundred Thousand Renminbi (RMB500,000) from Party A;

	
5.  

	
Party A and Party B signed the Equity Pledge Agreement on April 18, 2011, pursuant to which Party B will pledge his Equity Interest in Party C as a guarantee for the loan under the Loan Agreement;

	
6.  

	
Party B intends to grant an exclusive purchase option to Party A so that Party A may request Party B to sell his Equity Interest to it if certain conditions are met;

	
7.  

	
Simultaneously with the execution hereof, Party A signed the Exclusive Purchase Option Agreements with Chunlin Wang, another shareholder of Party C, pursuant to the terms similar to this Agreement.  In accordance with the Exclusive Purchase Option Agreement, Chunlin Wang will grant to Party A an exclusive purchase option for the purchase of his Equity Interest in Party C.

 

  

  

  

NOW, THEREFORE, the Parties hereby agree as follows for mutual observance after friendly consultation:

	
1.  

	
Purchase and Sale of Equity Interest

	 	
1.1

	
Grant of Option

 

Party B hereby irrevocably grants to Party A an option to purchase or cause any person or persons designated by Party A (hereinafter the “Designee”) to purchase from Party B all or part of his Equity Interest in Party C (hereinafter the “Call Option”) at any time according to the steps determined by Party A at its own discretion to the extent permitted by PRC Laws and at the price specified in Article 1.3 of this Agreement. No Call Option shall be granted to any other third person other than Party A and/or the Designee. Party B shall not sell, offer to sell, transfer or offer as gift any Equity Interest to any other third person. Party C hereby agrees to the grant of the Call Option by Party B to Party A and/or the Designee. The “person” set forth in this Agreement includes an individual, corporation, joint venture, partnership, enterprise, trust or a non-corporate body.

 

	 	
1.2

	
Exercising Steps

 

Subject to the PRC laws and regulations, Party A and/or the Designee may exercise the Call Option by giving a written notice (hereinafter the “Equity Purchase Notice”) to Party B, which specifies the Equity Interest to be purchased from Party B (hereinafter the “Purchased Equity”) and the manner in which purchase is made.

 

	 	
1.3

	
Purchase Price

 

	 	
1.3.1

	
When Party A exercises the Call Option, the purchase price of the Purchased Equity (the “Purchase Price”) shall be equal to the actual capital contribution made by Party B for the Purchased Equity, unless an appraisal is required to be made in respect of the Equity Interest by applicable PRC laws and regulations then in effect or there are other restrictions imposed by such PRC laws and regulations on the price of Equity Interest.

 

	 	
1.3.2

	
If an appraisal is required to be made in respect of the Equity Interest by the PRC laws and regulations that are applicable at the time when Party A exercises its Call Option or there are other restrictions imposed by such PRC laws and regulation on the price of Equity Interest, the Parties agree that the Purchase Price shall be the lowest price permitted by applicable laws.

 

	 	
1.4

	
Transfer of the Purchased Equity

 

At each exercise of the Call Option:

  

  

  

 

	 	
1.4.1

	
Party B shall cause Party C to convene a shareholders’ meeting in a timely manner, during which a resolution approving the transfer by Party B of his Equity Interest to Party A and/or the Designee shall be passed;

 

	 	
1.4.2 

	
Party B shall, pursuant to the requirements of this Agreement and the Equity Purchase Notice in connection with the Purchased Equity, enter into an equity transfer agreement with Party A and/or the Designee  for each transfer;

 

	 	
1.4.3 

	
Upon request by Party A ,Party B shall execute all other necessary contracts, agreements or documents, obtain all necessary government approvals and consents and take all necessary actions to grant the valid ownership of the Purchased Equity to Party A and/or the Designee without any security interest being attached thereto and cause Party A and/or the Designee to be the registered owner of the Purchased Equity. In this Article and this Agreement, “Security Interest” includes guarantee, mortgage, pledge, third party right or interest, any share option, right of acquisition, right of first refusal, right of set-off, ownership detainment or other security arrangements, but excluding any security interest arising under the Equity Pledge Agreement.

	 	
1.5 

	
Payment

 

The payment method of the Purchase Price shall be determined by Party A and/or the Designee and Party B through negotiation. The Parties hereby agree that any amount that is paid by Party A and/or the Designee to Party B with respect to the Purchased Equity shall be used to repay his loan principal under the Loan Agreement as well as the loan interest or fund utilization costs permitted by laws.

 

	
2. 

	
Each Party’s Undertakings

	 	
2.1 

	
Undertakings by Party B and Party C

 

	 	
2.1.1 

	
Not to supplement, amend or modify Party C’s articles of association in any way, or to increase or decrease its registered capital, or to change its registered capital structure in any way without Party A’s prior written consent;

 

	 	
2.1.2 

	
To maintain the existence of Party C, and to operate the business of Party C prudently and effectively, subject to good financial and business rules and practices;

 

	 	
2.1.3 

	
Not to sell, transfer, mortgage or otherwise dispose of, or cause any other security interest to be created on, the legal or beneficial interests in any of Party C’s assets, business or income at any time after the signing of this Agreement without Party A’s prior written consent;

  

  

  

	 	
2.1.4 

	
Not to create any liability, without Party A’s prior written consent, except (i) the liability arising from the usual or normal course of business, but not arising from the loan; and (ii) the liability disclosed to Party A and approved by Party A in writing;

 

	 	
2.1.5 

	
To operate persistently all the business in the normal course of business to maintain the value of Party C’s assets;

 

	 	
2.1.6 

	
Without the prior written consent of Party A, not to enter into any material agreement, other than the agreements in the normal course of business (for the purpose of this Agreement, an agreement will be deemed material if its value exceeds One Hundred Thousand Renminbi (RMB100,000);

 

	 	
2.1.7 

	
Without the prior written consent of Party A, not to provide loan or credit to any person;

 

	 	
2.1.8 

	
To provide information concerning Party C’s operations and financial condition at Party A’s request;

 

	 	
2.1.9 

	
To purchase and maintain the insurance at the insurance company acceptable to Party A, whose amount and type shall be the same as those of the insurance normally procured by the companies engaged in similar businesses and possessing similar properties or assets in the area where Party C is located;

 

	 	
2.1.10 

	
Not to be merged or consolidated with, acquire or invest in, any other person without Party A’s prior written consent;

 

	 	
2.1.11 

	
To inform promptly Party A of any existing or potential litigation, arbitration or administrative proceedings concerning Party C’s assets, business or income;

 

	 	
2.1.12 

	
To execute all necessary or appropriate documents, to take all necessary or appropriate actions and to bring all necessary or appropriate claims or to make all necessary and appropriate defenses against all claims in order for Party C to maintain the ownership over all its assets;

 

	 	
2.1.13 

	
Not to distribute dividends to Party C’s shareholders in any way without Party A’s prior written consent. However, Party C shall promptly distribute all or part of its distributable profits to Party A’s shareholders upon Party A’s request;

 

	 	
2.1.14 

	
At the request of Party A, to appoint any person nominated by Party A as the director of Party C.

	 	
2.2 

	
Undertakings by Party B

 

	 	
2.2.1 

	
Not to sell, transfer, pledge or otherwise dispose of, or cause any other security interest to be created on, the legal or beneficial interest in his Equity Interest at any time after the signing of this Agreement without Party A’s prior written consent, but except the right of pledge created on Party B’s Equity Interest in accordance with the Equity Pledge Agreement;

  

  

  

	 	
2.2.2 

	
Without Party A’s prior written consent, not to vote for or support or execute at shareholders’ meetings of Party C any shareholders’ resolution approving the sale, transfer, mortgage or otherwise disposal of, or causing any other security interest to be created on, his legal or beneficial interest in the Equity Interest of Party C, except to Party A or its Designee;

 

	 	
2.2.3 

	
Without Party A’s prior written consent, not to vote for or support or execute at shareholders’ meetings of Party C any resolution approving Party C to be merged or consolidated with, acquire or invest in, any person;

 

	 	
2.2.4 

	
To irrevocably agree to the grant by Party C’s another shareholder, Chunlin Wang, of an exclusive Call Option to Party A, and to irrevocably waive his preemptive right to such Equity Interest to be transferred by Chunlin Wang to Party A;

 

	 	
2.2.5 

	
To promptly inform Party A of any existing or potential litigation, arbitration or administrative proceedings with respect to his Equity Interest;

 

	 	
2.2.6 

	
To cause the shareholders’ meeting of Party C to approve the transfer of the Purchased Equity under this Agreement;

 

	 	
2.2.7 

	
To execute all necessary or appropriate documents, to take all necessary or appropriate actions and to bring all necessary or appropriate claims or to make all necessary and appropriate defenses against all claims in order to maintain the ownership over his Equity Interest;

 

	 	
2.2.8 

	
At Party A’s request, to appoint any person nominated by Party A as the director of Party C;

 

	 	
2.2.9 

	
To strictly comply with the provisions of this Agreement and other agreements entered into jointly or severally by and among Party B, Party C and Party A, to perform all obligations under these agreements and not to do any act/omission that affects or impairs the validity and enforceability of these agreements.

	
3. 

	
Representations and Warranties

 

Party B and Party C hereby represent and warrant to Party A as follows:

 

	 	
3.1 

	
They have the power to execute and deliver this Agreement. Once executed, this Agreement will constitute a legal, valid and binding obligation and shall be enforceable against them in accordance with the provisions thereof;

  

  

  

	 	
3.2 

	
The execution, delivery and performance of this Agreement shall not: (i) violate any relevant PRC laws and regulations; (ii) conflict with their Articles of Association or other organizational documents; (iii) violate any contract or instrument to which they are a party or that binds upon them;

 

	 	
3.3 

	
Party C has good and saleable ownership over all assets. Party C has not created any security interest on the above assets;

	 	
3.4 

	
Party C has no outstanding debts, except debts arising from its normal course of business; and debts disclosed to Party A and approved by Party A in writing;

	 	
3.5 

	
Currently, there are no existing, pending or threatened litigation, arbitration or administrative proceedings related to the Equity Interest or Party C’s assets; and

 

	 	
3.6 

	
Party B has good and saleable ownership over all his Equity Interest and has not created any security interest on such Equity Interest, but excluding the security interest under the Equity Pledge Agreement.

	
4. 

	
Assignment of this Agreement

	 	
4.1 

	
Party B and Party C shall not transfer any of their rights and obligations under this Agreement to any third party without the prior written consent of Party A.

	 	
4.2 

	
Party B and Party C hereby agree that Party A shall have the right to transfer all of its rights and obligations under this Agreement to other third parties when necessary.  Party A shall only be required to serve written notice to Party B and Party C when such transfer is made, and no consent shall be further required from Party B and Party C in respect of such transfer.

 

	
5. 

	
Effectiveness and Term

 

	 	
5.1 

	
This Agreement shall become effective as of the date first above written.

	 	
5.2 

	
The term of this Agreement shall be ten (10) years unless it is early terminated in accordance with the provisions of this Agreement or the relevant agreements separately signed by the Parties. The term of this Agreement may be extended with the written confirmation of Party A before its expiration. The extension thereof shall be agreed upon by the Parties through negotiation.

	 	
5.3 

	
If the operation term (including any extension thereof) of Party A or Party C expires or terminates for other reasons within the term set forth in the preceding Article, this Agreement shall be terminated at the time of the termination of such Party, unless Party A has transferred its rights and obligations in accordance with Article 4.2 hereof.

 

	
6. 

	
Applicable Law and Dispute Resolution

 

	 	
6.1 

	
Applicable Law

 

The formation, validity, interpretation and performance of and settlement of disputes under this Agreement shall be protected and governed by the laws of PRC.

 

  

  

  

	 	
6.2 

	
Dispute Resolution

 

Any dispute arising from the interpretation and performance of the provisions of this Agreement shall be resolved by the Parties through amicable negotiation. In case no resolution can be reached by the Parties within thirty (30) days after either party makes a request for dispute resolution through negotiation, either party may refer such dispute to China International Economic and Trade Arbitration Commission for arbitration in accordance with its arbitration rules then in effect. The seat of arbitration shall be Shenzhen and the language of proceedings shall be Chinese. The arbitral award shall be final and binding upon the Parties.

	
7. 

	
Taxes and Expenses

 

Every Party shall bear any and all taxes, expenses and charges incurred by or levied on it in connection with the execution and performance of this Agreement.

 

	
8. 

	
Confidentiality

 

The Parties agree and acknowledge that any oral or written information exchanged between them in connection with this Agreement shall be confidential information. Each Party shall keep confidential all such information, and shall not disclose any of the information to any third party without the prior written consent of the other Party, except for the following:

	 	
(a) 

	
the information that is or will be known to the public (provided that it is not disclosed to the public without authorization by the information receiving party);

 

	 	
(b) 

	
the information required to be disclosed by applicable laws or stock exchange’s rules or regulations; or

 

	 	
(c) 

	
the information required to be disclosed by either Party to his/its legal or financial advisors with respect to the transaction contemplated under this Agreement, for which such legal or financial advisors shall also comply with the confidentiality obligations similar to those stated in this Article.

No matter what reason causes this Agreement to become invalid, dismissed, terminated or unenforceable, this Article shall become effective.

 

	
9.

	
Miscellaneous 

 

	 	
9.1

	
Amendment, Modification and Supplement 

 

 
The Parties may make amendments or supplements to this Agreement by written agreement. All amendment agreements and supplemental agreements to this Agreement that are duly signed by the Parties shall form an integral part of this Agreement, and shall have the same legal effect as this Agreement.

 

	 	
9.2 

	
Integrity of this Agreement

 

The Parties acknowledge this Agreement constitutes the entire representations and agreement between the Parties with respect to the subject matter hereof and supersedes all prior oral and/or written representations, warranties, understandings and agreements reached by the Parties made before the execution of the Agreement with respect to the subject matter hereof.

 

	 	
9.3 

	
Severability of this Agreement

 

If any provision or provisions of this Agreement is/are held to be invalid or unenforceable or violate(s) any applicable laws, the validity, legality and enforceability of the other provisions hereof shall not be affected.

 

  

  

  

	 	
9.4 

	
Language and Counterparts

 

This Agreement is executed in Chinese in four (4) originals and each Party shall hold one original. All of the originals shall have the same legal effect.

 

	 	
9.5 

	
Successors

 

This Agreement shall be binding upon the respective successors or heirs of the Parties and the permitted assignees of such Parties.

 

	 	
9.6 

	
Survival

 

Any obligations that occur or are due as a result of this Agreement before the expiration or early termination of this Agreement shall survive the expiration or early termination hereof. The provisions of Articles 6 and 8 hereof shall survive the termination of this Agreement.

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IN WITNESS WHEREOF, legal representative of each Party or its authorized representative has executed this Agreement as of the date first above written.

Party A: Ying Si Kang Information Technology (Shenzhen) Co., Ltd.

Legal Representative/Authorized Representative:     /s/ Yuan Tian                                    

Chop: [Chop affixed]

Party B: Yuan Tian

Signature:  /s/ Yuan Tian                                      

Party C: Shenzhen Xinbao Investment Management Co., Ltd.

Legal Representative/Authorized Representative:      /s/ Chunlin Wang                                   

Chop: [Chop affixed]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00230-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00230-of-00352.parquet"}]]