Document:

Exhibit 10.20

 

“Jiequhua” Business Cooperation Agreement

 

Serial number:                 

 

Party A: Tianjin Quna Internet Finance Information Technology Co., Ltd.

 

Legal Representative / Person in Charge: LI Zhiyuan

 

Address: 17th Floor, Building B, China Electronics Plaza, No.3 Danleng Street, Haidian District, Beijing, China

 

Contact Person: PANG Peitao

 

Telephone: ******************

 

Party B: Anquying (Shanghai) Investment Consulting Co., Ltd.

 

Legal Representative/person in charge: Zhou Jing

 

Address: 2nd Floor, East Wing, Pacific Century Place, No.2A Gong Ti Bei Lu, Chaoyang District, Beijing, China

 

Contact Person: REN Ran

 

Telephone: ******************

 

Party C: Ganzhou Jimu Micro Finance Co., Ltd.

 

Legal Representative / Person-in-Charge: CHEN Bingqing

 

Address: Room 502, Building B4, Ganzhou International Enterprise Center, Ganzhou Development Zone, Ganzhou City, Jiangxi Province, China

 

Contact Person: LIN Yan

 

Telephone: ******************

 

Party A is an internet platform that engages in tourism information search and trade service in accordance with law. Party B is a company specialized in risk control technology services, and has the ability to provide the consumers with loan matching technology services under this Agreement. Party C legally holds the License for Online Micro Finance Service and is a new type of online micro finance company that mainly provides micro credit and other services to customers, especially micro credit aimed at boosting the business development of small and micro customers, and has rich experience in offering loans. For the purpose of promoting deeper cooperation among themselves, the parties hereto, on the basis of free will, equality and good faith, reach the following agreement through friendly negotiation.

 

 

1.                                      Definition

 

1.1                               “Jiequhua”: It is a product in the form of an internet platform developed by Party A. It is intended to supply technical services to facilitate the formation of legal lender-borrower relationship between users of Party A’s platform and the lenders recommended by Party B.

 

1.2                               Applicant: refers to Party A’s users who request Party B to provide loan matching services.

 

1.3                               Lender: refers to a third party who cooperates with Party B and is capable of providing loan services to the Applicants, including but not limited to banks, consumer finance companies and other lending institutions that meet the legal requirements and regulatory requirements. Party C hereunder and other lending institutions recommended by Party B are also included, and all terms and conditions herein concerning lenders shall also apply to Party C.

 

1.4                               Borrower: refers to Applicant who concludes the Loan Contract with the Lender.

 

1.5                               Loan Contract: refers to the loan contract and other related documents signed by and between the Lender and the Borrower.

 

1.6                               Jiequhua: refers to the process in which the Borrower applies for a loan via the “Jiequhua” portal on Party A’s platform and such application is approved and cleared by the Lender and Party B.

 

1.7                               Loan Maximum Amount: refers to the maximum amount of loan that is granted by Party B to the Borrower and can be used by the Borrower on a revolving basis via “Jiequhua”;

 

1.8                               Bookkeeping Day: refers to the day when the loan (the amount of which shall be subject to the maximum amount set for “Jiequhua”) that the Borrower applies for is made available to the Borrower.

 

1.9                               Repayment upon Maturity: refers to repayment of the loan by the Borrower in accordance with the Loan Contract prior to the repayment date agreed on by and between the Borrower and Party B.

 

1.10                        Maturity and Repayment Date: refers to the latest date on which the Borrower repays each installment of loan in accordance with the Contract.

 

1.11                        Loan Principal: refers to the amount of each loan that the Borrower applies for and receives through “Jiequhua”.

 

1.12                        Loan Service Fee: refers to the extra amounts of money that the Borrower shall pay at the rate calculated according to the installment service fee rate set by Party B and the Lender, in the event that the Borrower opts to repay the loan that it applies for in installments. The Borrower shall pay the installment service fee upon loan repayment.

 

2.                                      Content of Cooperation

 

2.1                               Party A shall develop the Internet product known as “Jiequhua”, to facilitate the formation of lender-borrower relation between Party A’s users and the Lender recommended by Party B. Party B shall use its technical expertise in connection with risk identification and risk pricing to provide loan matchmaking service for Party A’s users through the “Jiequhua” product on Party A’s platform.

 

2.2                               The parties hereto shall cooperate with other and adopt technical means to perform pre-lending, intra-lending and post-lending operations for Party A’s users, and carry out data exchange via the interface. Party A shall provide the users’ loan requests and relevant detailed information, and Party B shall inform Party A of the results of risk assessment and loan feedback. Party C, as one of the Lenders, shall carry out an independent evaluation of the Borrower’s risks on the basis of the risk assessment results provided by Party B, provide the Borrower with the loan service, and bear the corresponding loan risks.

 

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2.3                               The functions of the “Jiequhua” product include but are not limited to the following: to provide the Borrower with the loan portal on Party A’s platform; to cooperate with Party A’s system to complete the review and approval of credit granting and loan application procedures online; to provide the repayment service for the Borrower at the repayment portal, and calculate the repayment plan in accordance with the installment service fee rate in the agreement concluded by and between the Lender and the Borrower.

 

2.4                               Each party hereto shall use the information sent via the interface of the other parties as the basis for their business response and processing. Party A is responsible for receiving the Borrower’s loan requests, sending the Borrower’s loan request to Party B, verifying and demonstrating the Borrower’s repayment plan, repayment service, and the restoration of the borrowing limit of the Borrower’s account, etc., and providing the standardized interface documents to help Party B to develop the docking interface in accordance with relevant agreement. Party B may choose to engage Party A to provide it with real-time notification service in connection with changes in the Borrower’s loan/repayment/repayment plan. If Party B delays or misses any content of the notices sent by Party A, or inaccurately calculates the User’s Loan Maximum Amount, Party B shall bear all the responsibilities.

 

3.                                      Service Fee

 

The parties hereto agree that in the cooperation hereunder, Party B shall pay the following technical service (o indicates that such service is not used;  indicates that the service is used) fees to Party A. The statistical data involved in the fees shall be subject to the statistical results provided by the platform of Party A.

 

3.1                               Technical service application fee. Party B obtains the relevant data provided by the Applicant through the interface provided by Party A, and Party B shall pay the technical service fee to Party A. The rate of such technical service fee shall be determined by the two parties in a separate agreement.

 

3.2                               Repayment technical service fee. The Borrower shall repay the loan to Party B through the interface provided by Party A. Party B shall pay the repayment technical service fee to Party A. Rate of the technical service fee is as follows:

 

	
Types of Borrowers’ bank card
    	
 
    	
Fee rate
    
	
Debit card
    	
 
    	
*** %  ́   total repayment amount

 

(The total amount of repayment shall be the total   amount paid by the Borrower, including but not limited to the principal +   interest + penalty interest + early repayment interest)
    

 

3.3                               Borrowing technical service fee.

 

Party B shall pay the borrowing technical service fee to Party A on the basis of the daily loan balance. Starting from April 1, 2017, Party B shall pay Party A the borrowing technical service fee to Party A at the rate of *** % of the daily loan balance. The loan balance on the first day of when the loan goes online shall be the amount of loan offered on that day; loan balance for the subsequent days: loan balance on the previous day + amount of loan offered on the current day — amount of principal repaid on the day — the increase in the value of bad assets. In the formula, the amount of bad assets refers to the amount of assets that borrowings on such assets has become overdue for more than 90 days, or amount of assets that are jointly identified by Party A and Party B as difficult to realize.

 

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4.                                      Settlement

 

4.1                               In terms of the offer of loan, the loan shall be offered by the Lender to a Borrower who meets the requirements, and the loan funds shall be transferred directly to the bank account designated by the Borrower.

 

4.2                               The Borrower must made repayments under the “Jiequhua” plan via Party A’s platform. After a repayment is made successfully, Party A will notify Party B of information on the repayment via the interface of the platform. Party A shall ensure that the repayment information is submitted to Party B on a real-time basis, and the full amount of the repayment made by the Borrower shall be cashed to the bank account designated by Party B within one working day after the Borrower makes the repayment.

 

4.3                               The technical service fees under this Agreement shall be paid by Party B to Party A on a monthly basis.

 

Party A and Party B shall reconcile accounts of the technical service fees paid to Party A by Party B within the first five working days of each month, and the data required for such account reconciliation shall be subject to the data in Party A’s system, unless Party B can provide contrary evidence proving that data in Party A’s system are incorrect. After the two parties reconcile and confirm the accounts by way of emails sent and received through the email addressed below, Party A shall, within ten (10) working days after the completion of the account reconciliation, issue Party B with a special value-added tax (VAT) invoice. The amount of service fee specified by the invoice shall be identical with the actual amount of the service fee. Party B shall pay the corresponding amount of service fee to Party A’s designated collection account within five (5) working days (to be postponed in case of public holidays) after the date when Party B receives the VAT invoice that conforms to the requirements.  If Party B fails to make any of the payments hereunder according to the agreed timetable, Party B shall pay to Party A a penalty fine for breach of agreement at the rate of ***% of the overdue payment per day.

 

The email addresses of the parties to be used for account reconciliation are as follows: qiaoli.li@pintec.com

 

Contact Person of Party A: ZHAO Meng

 

Email Address: ******************

 

LI Xinyu                                               

 

Email Address: ******************

 

Contract Person of Party B: LI Qiaoli

 

Email Address: ******************

 

4.4                               If the Borrower applies for a loan on the platform of Party A and obtains the consent of Party B, Party A will restore the “Jiequhua” Loan Maximum Amount of the Borrower according to the amount of the repayment by the Borrower.

 

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4.5                               The bank account information specified by Party A and Party B under this Agreement is as follows: information of Party A’s Designated Account

 

4.5.1                     Details of the bank account used to make repayments is as follows:

 

Name of Bank: Beijing Tsinghuayuan Sub-branch of China Merchants Bank

 

Name of Bank Account: Beijing Jiaxin Haoyuan Information Technology Co., Ltd.

 

Bank Account: ***********

 

4.5.2                     Details of the bank account receiving the technical service fee are as follows:

 

Name of Bank: Tianjin Xingang Branch of China Merchants Bank

 

Name of Bank Account: Tianjin Quna Internet Finance Information Technology Co., Ltd.

 

Bank Account: ***********

 

Details of Party B’s Designated Bank Account

 

Name of Opening Bank: Beijing Meiticun Sub-branch of China Minsheng Bank

 

Name of Bank Account Holder: Anquying (Shanghai) Investment Consulting Co., Ltd.

 

Bank Account: ***********

 

5.                                      Representations and Warrants

 

5.1                               Party A shall guarantee the stability of the services that it provides through its system service, and shall timely notify Party B in the event the system is to be upgraded, debugged or maintained as may be necessary.

 

5.2                               The trademarks, logos, enterprise names, and relevant designs and combinations thereof as are provided by Party A to Party B and the Lender shall be used by Party B and the Lender exclusively for the purposes specified in this Agreement. Aside from the scope authorized in writing by this Agreement, Party B and the Lender shall not use Party A’s trademarks, logos, enterprise names or relevant designs and combinations thereof in any way whatsoever.

 

5.3                               Party A shall require the Borrower to confirm, via Party A’s platform, its consent to a statement that meet the requirements of Party B; according to the statement, the Borrower shall authorize Party B to obtain, call and use relevant information of the Borrower to achieve the purpose of this contract.

 

5.4                               Party B shall ensure that Party B and the Lender are fully compliant in terms of their qualification, and their provision of services hereunder conforms to all legal and regulatory requirements. If Party B and the Lender violates the preceding sentence and consequently Party A or the Borrower sustains any loss or damage, Party B shall be held liable for any and all such losses and damages.

 

5.5                               Party B undertakes to assume joint and several liabilities for the losses and damages that the Lender may cause to Party A and Party A’s users.

 

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5.6                               If Party B introduces any lender other than Party C, Party B shall undertake that the additional Lender will abide by all the obligations of the Lender and Party C under this Agreement, otherwise Party B shall bear the corresponding liabilities for breach of contract.

 

5.7                               The trademarks, logos, enterprise names or relevant designs provided to Party A by Party B and the combinations thereof can only be used by Party A for the purposes specified in this Agreement. Aside from the scope authorized in writing by this Agreement, Party B does not authorize Party A to use such trademarks, logos, enterprise names or relevant designs and combinations thereof in any way whatsoever.

 

5.8                               Party B shall ensure the stability of the interface service it provides, and shall notify Party A in advance before any upgrade or outage maintenance of the system, and proceed with such upgrade or maintenance after receiving Party A’s confirmation.

 

5.9                               Party B shall have the obligation to provide Party A with a sample of the Loan Contract signed by and between the Lender and the Borrower, as is shown in the Appendix hereto. Party B shall require the Lender to remind the Applicant of such key terms and conditions in the Loan Contract as those concerning fee rates, liquidated damages, exemption or limitation of liabilities, etc. If Lender cannot recover the loan due to the content or effectiveness of the Loan Contract, which does not involve any intentional or negligent act or omission on the part of Party A, Party A shall not be held liable in any manner whatsoever.

 

5.10                        After the Lender and the Applicant conclude the Loan Contract, they may not negotiate with the Borrower to modify the Loan Contract without the consent of Party A. Where it is necessary for Party B to modify the “Jiequhua” product in any way whatsoever, it must obtain the prior consent of Party A.

 

5.11                        Party B shall ensure that the fund loaned by the actual Lender to the Borrower is obtained through legal means.

 

5.12                        Party B ensures that without the permission of Party A’s users, Party B and the Lender will not engage in any marketing and promotion targeting Party A’s users.

 

6.                                      Rights and Obligations of Parties Hereto

 

6.1                               Rights and Obligations of Party A

 

6.1.1                     Party A shall keep confidential the information of Party B (including but not limited to customer information, risk-control models, credit extension results, loan repayment by users, overdue repayment information, etc.), and shall not disclose such information to any third party.

 

6.1.2                     Party A shall complete the development of the interface between Party A’s system and Party B’s system.

 

6.1.3                     Party A has the right to adjust the scale (including but not limited to the number of the Applicants, amount of loans, etc) of its business cooperation with Party B or terminate such cooperation, provided that it shall notify Party B in writing fifteen(15) working days prior to such adjustment.

 

6.1.4                     Party A shall be responsible for the security of the users’ information. During the cooperation hereunder, if the Applicant obtains a loan without actually issuing a loan application due to such third-party fraud, including situations where the Applicant’s account is stolen, hacked or affected by any computer virus, all of which are attributable to Party A, Party A shall indemnify Party B against any and all losses that it may sustain as a result.

 

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6.2                               Rights and Obligations of Party B

 

6.2.1                     Party B shall be responsible for keeping confidential all the information of Party A and the Borrower.

 

6.2.2                     Party B shall cooperate with Party A in developing the interface linking Party A’s system and Party B’s system.

 

6.2.3                     In handling the lending-related disputes between itself and the Borrower, Party B shall have the right to require Party A’s assistance in accessing records in Party A’s system relating to the borrowing transactions of the Borrower, provided, however, Party A shall not be held liable for the Borrower’s breach of contract in any way whatsoever.

 

6.2.4                     Party B shall provide Party A with the interface software and relevant data as may be necessary for data transmission between both parties.

 

6.2.5                     Party B shall assist the Party A in the updating, maintenance and management of Party A’s system so as to ensure the usability of Party B’s system.

 

6.2.6                     Party B may adjust the admission rules of the Applicant after reaching a consensus with Party A through consultation on the basis of the state of business operation and in accordance with the requirements of risk control.

 

6.2.7                     Party B shall have the right to adjust the maximum amount, amount, interest rate and other elements of the Borrower’s “Jiequhua” product on the basis of the actual need of the Borrower to apply for loans, provided, that it shall timely notify Party A and obtain the consent of Party A prior to such adjustment. Nonetheless, no element of any “Jiequhua” product that the Borrower has applied for may be adjusted within the term of the corresponding agreement on such product; otherwise, Party B shall bear any and all the losses caused thereby.

 

6.2.8                     Party B undertakes that the personal information and credit data of the Applicant and the Borrower that Party B may come into through the cooperation hereunder shall be used exclusively for the purposes specified this Agreement, and Party B and Party B’s staff members may not provide any of such information or data to any third party or use such information or data for any purpose other than those specified under this Agreement. Upon the termination of its agreement with the Borrower, Party B shall promptly delete the aforesaid information.

 

6.3                               Rights and Obligations of Party C

 

6.3.1                     Party C shall have complete rights and legal qualification to sign and perform this Agreement, and Party C shall ensure that the loan issued under this Agreement is in compliance with all applicable laws and regulations.

 

6.3.2                     Party C has the right to independently review the Borrower’s credit standing, loan application and matters, and sign the Loan Contract with the approved Borrower; the Loan Contract shall specify such loan factors such as the amount, interest rate, time limit, penalty interest, etc., and establish the lender-borrower relationship between the two parties.

 

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6.3.3                     Party C shall have the right to collect from the Borrower the principal and the interest and penalty interest (if any) on the loan hereunder in accordance with the Loan Contract.

 

6.3.4                     Party C, as one of the Lenders under this Agreement, has the ability to independently analyze the loan risks, the ability to manage non-performing loans and fund liquidity, and can independently bear the adverse consequences arising from the issuance of loans.

 

6.3.5                     Party C shall provide assistance to the development, deployment, connection and operation of the interface of the loans and the systems of the parties hereto.

 

6.3.6                     Party C undertakes that the personal information and credit data of the Applicant and the Borrower that Party C may come into through the cooperation hereunder shall be used exclusively for the purposes specified this Agreement, and Party C and Party C’s staff members may not provide any of such information or data to any third party or use such information or data for any purpose other than those specified under this Agreement. Upon the termination of its agreement with the Borrower, Party C shall promptly delete the aforesaid information.

 

7.                                      Liability for Breach of Agreement and Limitation of Liability

 

7.1                               Where the Lender fails to offer the loan to the Borrower in accordance with relevant laws and the agreements, Party B shall indemnify Party A against any and all direct and indirect losses that Party A may sustain due to such failure.

 

7.2                               Where any payment payable by Party B to Party A becomes overdue, Party B shall pay to Party A an overdue fine at the rate of ***% of the overdue payment per day.

 

7.3                               Where in the absence of proper justification, Party C fails to issue a loan or suspends its issuance of the loan to the Borrower that has passed independent review and assessment by Party C, Party A and Party B shall have the right to request Party C to provide a proper explanation of such failure or suspension, and require Party C to resume issuing the issuance of the loan within five (5) days and indemnify Party A and Party B against any and all direct losses that they may sustain as a result of such failure or suspension.

 

7.4                               Party A has the right to terminate this Agreement promptly if Party B or any of Party B’s staff members, the Lender or any of the Lender’s staff members, in violation of any applicable law or this Agreement, uses the personal information of the Applicant or Borrower (including but not limited to the user names, ID card numbers, contact information, bank card numbers, etc) or credit data, or sends text messages to the users, pushes information to them so as to guide them too download any app, or induces them to open an account by offering them with bonus, or engages in any promotion and marketing targeting the users. At the same time, Party B shall, acting on its behalf and on behalf of other parties concerned, solve the disputes arising from the aforementioned events, including but not limited to the relevant legal action or administrative sanctions initiated by any third party or relevant administrative organ against Party A or any affiliated company thereof. If Party A or the affiliated company of Party A assumes the legal responsibility to the third party, or the administrative sanction imposed by the competent administrative organ, Party B shall indemnify Party A and Party A’s affiliated company against all direct damages (including but not limited to any direct damages, indirect damages, corresponding attorney’s fees and investigation expenses). Before the dispute is properly solved, Party A or Party A’s affiliated company, as the case may be, shall have the right to suspend the payment or return of all the fees payable for its cooperation with Party B, and may deduct the aforesaid damages and indemnify from the fees payable.

 

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8.                                      Termination of Agreement

 

8.1                               This Agreement shall be terminated on the day when any of the following events occurs:

 

8.1.1                     Where the parties hereto unanimously agree to terminate the contract after proper consultation.

 

8.1.2                     Where a party hereto that does not have any unfulfilled obligation (other than the obligation of confidentiality) hereunder gives one(1) month’s written notice to terminate this Agreement.

 

8.1.3                     Where all parties hereto decide not to renew this Agreement upon the expiration thereof.

 

8.1.4                     Where a party hereto violates any of the applicable laws during the cooperation hereunder and is required by the regulatory department to suspend business.

 

8.2                               Where any of the following events occurs, Party B may terminate this Agreement after issuing a notice in writing to Party A thirty (30) days in advance:

 

8.2.1                     Where Party A gravely damages Party B and Party C’s reputation;

 

8.2.2                     Where Party A’s business license is revoked by the competent authority due to any illegality in the service provided by Party A;

 

8.2.3                     Where Party A fails to timely credit to the recipient account designated by Party B any repayment by the Borrower in accordance with this Agreement;

 

8.2.4                     Where Party A fails to select target customers through proper screening in accordance with the agreed rules;

 

8.2.5                     Where the transaction information of the Applicant and the Borrower provided by Party A to Party B is suspected of involving any major forgery;

 

8.2.6                     Where Party A’s system has any serious functional defect, leads to that the User or Party B sustains any actual loss;

 

8.3                               Where any of the following events occurs, Party A may terminate this Agreement after giving a written notice to Party B thirty (30) days in advance:

 

8.3.1                     Where Party B’s system has any serious functional defect, leads to that the User or Party A sustains any actual loss;

 

8.3.2                     Where the Lender fails to pay to the Borrower the fund under the loan thereto in accordance with applicable laws and the Loan Agreement, or where Party B fails to pay the technical service fee hereunder to the designated recipient account of Party A in accordance with this Agreement.

 

8.3.3                     Where Party B, in the absence of Party A’s consent, makes any unauthorized modification to the “Jiequhua” agreement signed by the Borrower, including but not limited to the products’ maximum loan amount, actual amount, interest rate, fee rates,time limit and other product changes thereof.

 

8.3.4                     Where Party B makes any unauthorized major modification to the product business rules, interface documents or system technical logics involving Party A, without notifying Party A.

 

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8.3.5                     Where Party B seriously damages Party A’s reputation.

 

9.                                      Force Majeure and Error Adjustment

 

9.1                               In the course of business operation, if there arises any error in accounting treatment, proper adjustment shall be made subject to the actual data in Party A’s system.

 

9.2                               Communication failures, natural disasters and Party A’s maintenance of the computer system, or coincidences with Party A’s daily, monthly, quarterly/year-end settlement and other unforeseen, insurmountable and unavoidable events shall be deemed as force majeure events. The liabilities for any and all delays, errors, etc. caused by such force majeure events shall be as those stipulated in the user agreements that the parties hereto respectively concludes with the Applicant. No party hereto shall be held liable for the loss that another party hereto may sustain due to such force majeure events.

 

9.3                               Party B shall timely adjust any and all errors caused by Party B’s operation, so as to avoid losses on the part of Party A and the Borrower. In the case of errors caused by Party B, Party B shall be liable for the losses caused by such errors to the Borrower and Party A.

 

10.                               Governing Law and Dispute Settlement

 

10.1                        This Agreement shall be governed by the laws and regulations of the People’s Republic of China.

 

10.2                        In the event of any dispute between the parties hereto relating to the performance of this Agreement, the parties shall, as far as possible, seek to resolve such dispute through amicable negotiation. If such negotiation fails, it should be governed by Beijing Arbitration Commission.

 

11.                               Effectiveness of Agreement

 

This Agreement shall be effective for one(1) year and shall come into force as of the date when it is sealed with the official seal or the contractual seal of all parties hereto. Where the parties fail to propose to terminate this Agreement upon the expiration of the term of effectiveness, this Agreement shall be deemed to be automatically extended by one(1) year, and so on and so forth; where any party hereto intends to terminate this Agreement as agreed in this paragraph, the other parties hereto shall be notified in writing one (1) month before the expiry date.

 

12.                               Miscellaneous

 

12.1                        The main body of this Agreement and the Appendix hereto shall be integral parts of this Agreement, and where the main body and the Appendix are inconsistent with each other, the former shall prevail.

 

12.2                        This Agreement shall be executed in six(6) copies of equal legal force, with two copies for each party.

 

12.3                        The parties hereto may conclude a supplementary agreement through proper consultation on any matter not covered in this Agreement.

 

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Signature page to the “Jiequhua” Business Cooperation Agreement

 

 

Party A: Tianjin Quna Internet Finance Information Technology Co., Ltd. (seal)

 

/s/Common seal of Tianjin Quna Internet Finance Information Technology Co., Ltd.

 

Date: March 13, 2017

 

 

Party B: Anquying (Shanghai) Investment Consulting Co., Ltd. (seal)

 

/s/Common seal of Anquying (Shanghai) Investment Consulting Co., Ltd.

 

Date: March 13, 2017

 

 

Party C: Ganzhou Jimu Micro Finance Co., Ltd. (seal)

 

/s/ Common seal of Ganzhou Jimu Micro Finance Co., Ltd.

 

Date: March 13, 2017

 

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Supplementary Agreement No.1 to “Jiequhua” Business Cooperation Agreement

 

Party A: Tianjin Quna Internet Finance Information Technology Co., Ltd.
 Party B: Anquying (Shanghai) Investment Consulting Co., Ltd.
 Party C: Ganzhou Jimu Micro Finance Co., Ltd.

 

Upon friendly negotiation, Party A, Party B and Party C have reached a consensus and agreed to make the following supplement to the “Jiequhua” Business Cooperation Agreement  and its exhibits (hereinafter collectively referred to as “the Original Agreement”) which took effect upon being signed by three parties hereto on March 13, 2017:

 

(I) Party A, Party B and Party C have agreed that “Technical service application fee. Party B obtains the relevant data provided by the Applicant through the interface provided by Party A, and Party B shall pay the technical service fee to Party A. The rate of such technical service fee shall be determined by the two parties in a separate agreement” in Article 3.1 of the Original Agreement is changed to “Technical service application fee. Party B shall settle the technical service fee with Party A based on the number of people who successfully borrow with Party B’s help. The standard of settlement is RMB *** per borrower. The borrower is not the inventory customer of Party B’s Naquhua business. The charging mode is effective till April 30, 2017 and be otherwise determined by supplementary agreements signed among the three parties hereto upon expiry.”

 

(II) Any matters uncovered herein shall be subject to the provisions as stipulated in the Original Agreement. The Supplementary Agreement shall take effect upon being sealed by three parties hereto; the Supplementary Agreement shall be made in triplicate, and three parties hereto respectively hold one counterpart which bears the same legal force and effect.

 

 

	
(There is   no main body below)
    
	
Party A:   Tianjin Quna Internet Finance Information Technology Co., Ltd. (Seal)
    
	
/s/Tianjin   Quna Internet Finance Information Technology Co., Ltd.
    
	
Date of   Signing: March 30, 2017
    
	
 
    
	
 
    
	
Party B:   Anquying (Shanghai) Investment Consulting Co., Ltd. (Seal)
    
	
/s/Anquying   (Shanghai) Investment Consulting Co., Ltd.
    
	
Date of   Signing: March 30, 2017
    
	
 
    
	
 
    
	
Party C:   Ganzhou Jimu Micro Finance Co., Ltd. (Seal)
    
	
/s/Ganzhou   Jimu Micro Finance Co., Ltd.
    
	
Date of   Signing: March 30, 2017
    

 

 

Supplementary Agreement No.2 to “Jiequhua” Business Cooperation Agreement

 

Party A: Tianjin Quna Internet Finance Information Technology Co., Ltd.
 Party B: Anquying (Shanghai) Investment Consulting Co., Ltd.
 Party C: Ganzhou Jimu Micro Finance Co., Ltd.

 

Upon friendly negotiation, Party A, Party B and Party C have reached a consensus and agreed to make the following supplement to the “Jiequhua” Business Cooperation Agreement  and its exhibits (hereinafter collectively referred to as “the Original Agreement”) which took effect upon being signed by three parties hereto on March 13, 2017:

 

(I) The three parties hereto have agreed that “Technical service application fee. Party B obtains the relevant data provided by the Applicant through the interface provided by Party A, and Party B shall pay the technical service fee to Party A. The rate of such technical service fee shall be determined by the two parties in a separate agreement in Article 3.1 of the Original Agreement”. And “Technical service application fee. Party B shall settle the technical service fee with Party A based on the number of people who successively borrow with Party B’s help. The standard of settlement is RMB *** per borrower. The borrower is not the inventory customer of Party B’s Naquhua business. The charging mode is effective till April 30, 2017 and will be otherwise determined as per supplementary agreements signed among the three parties upon expiry” in the Supplementary Agreement 1.

 

It is changed to:  Technical service application fee

 

1.   Party B shall obtain relevant data from the applicant via Party A’s interface and pay Party A the technical service fee by the standard of RMB *** per time of inquiry (the Applicant is not an inventory customer of Party B’s Naquhua business; “inventory customer” refers to customers for which Party B has paid the technical service fee for application to Party A’s affiliates upon the application for Naquhua service).

 

2.   The charging standard is effective since zero hour May 1, 2017 till the main agreement expires.

 

(II) The Supplementary Agreement shall be an integral part of the Original Agreement, and any matters uncovered herein shall be subject to the provisions as stipulated in the Original Agreement. The Supplementary Agreement shall take effect upon being sealed by three parties hereto; the Supplementary Agreement shall be made in triplicate, and three parties hereto respectively hold one counterpart which bears the same legal force and effect.

 

 

(There is no main body below)

 

 

	
Party A: Tianjin Quna Internet Finance   Information Technology Co., Ltd. (Seal)
    
	
/s/Tianjin Quna Internet Finance Information   Technology Co., Ltd.
    
	
Date of Signing: April 30, 2017
    
	
 
    
	
 
    
	
Party B: Anquying (Shanghai) Investment   Consulting Co., Ltd. (Seal)
    
	
/s/Anquying (Shanghai) Investment Consulting   Co., Ltd.
    
	
Date of Signing: April 30, 2017
    
	
 
    
	
 
    
	
Party C: Ganzhou Micro Finance Loan   Co., Ltd. (Seal)
    
	
/s/ Ganzhou Micro Finance Co., Ltd.
    
	
Date of Signing: April 30, 2017
    

 

 

Supplementary Agreement No.3 to the “Jiequhua” Business Cooperation Agreement

 

Party A: Tianjin Quna Internet Finance Information Technology Co., Ltd.

Party B: Anquying (Shanghai) Investment Consulting Co., Ltd.

Party C: Ganzhou Jimu Micro Finance Co., Ltd.

 

To promote deep business cooperation between both parties hereto, upon friendly negotiation, Party A, Party B and Party C have reached a consensus and agreed to make the following supplement to the “Jiequhua” Business Cooperation Agreement  and relevant supplementary agreements (hereinafter collectively referred to as “the Original Agreement”) which took effect upon being signed by three parties hereto on March 13, 2017:

 

The three parties hereto agree to add Bohai International Trust Co., Ltd. as the lender as agreed in the Original Agreement to provide the applicants with loan service. Party A and Party B shall collaborate with each other in the loan businesses conducted by the three parties hereto with Bohai International Trust Co., Ltd., including,

 

(I) Party A shall provide users’ request for loan and relevant detailed information. Party B shall, based on the information provided by Party A, conduct risk assessment, loan limit calculation and repayment management on borrowers with its independent risk-control technology, and provide the borrowers with the follow-up risk control service. Both Party A and Party B shall, based on Party B’s assessment results and business operation, make full communication with each other about risk management decisions related to target customer group, risk preference, risk pricing, risk early-warning line, etc.

 

In accordance with the change of internal and external conditions and the borrowers’ data presentation, Party A may give the preliminary review opinions to Party B on risk-control measures such as update of iteration loan whole process strategy, and Party B shall make risk-control decisions. Party A and Party B have agreed that the final risk management measures and the borrowers’ assessment scheme shall be subject to Party B’s conclusion.

 

Meanwhile, based on the principles of friendly negotiation and resource sharing, Party A and Party B shall carry out cooperation on post-loan work, and may sign written cooperation agreements on the specific cooperation way and content.

 

(II) As for the loan businesses conducted by the three parties hereto with Bohai International Trust Co., Ltd., Party B shall pay the following technical service fees to Party A.

 

3.1       Technical Service Fee for Repayment. Borrowers shall repay the loan to Party B via the interface provided by Party A. Party B shall pay the technical service fee for repayment to Party A. The charging standard is shown as follows:

 

	
Type of the borrower’s bank card
    	
 
    	
Rate
    
	
Debit card
    	
 
    	
*** %  ́   Total amount of repayment

 

(Total amount of repayment means all funds paid by the borrower,   including but not limited to the repaid principals + repaid interests +   repaid default interests + service charges for prepayment)
    

 

3.2       Technical Service Fee for Borrowing

 

Party B shall pay the technical service fee for borrowing to Party A by taking daily loan balance as the base figure for calculations. Party B shall pay the technical service fee for borrowing to Party A based on the standard of daily loan balance *****. The loan balance of the first day online is the amount of loan granted on current date; the follow-up daily loan balance= loan balance of the day before + amount of loan granted on current date - amount of principal repaid on current date- amount of new non-performing assets, of which, the non-performing asset means the loan which has been overdue for more than [90] days or the asset which has been identified by both Party A and Party B to be difficult to realize.

 

The period and way of settling the aforesaid technical service fees shall remain to follow the Original Agreement.

 

(III) Bohai International Trust Co., Ltd. and Party A shall sign other agreements on the matter of collecting and paying the borrowers’ repayment fund.

 

(IV) The Supplementary Agreement shall be an integral part of the Original Agreement, and any matters uncovered herein shall be subject to the provisions as stipulated in the Original Agreement. The Supplementary Agreement shall take effect upon being sealed by three parties hereto; the Supplementary Agreement shall be

 

 

made in triplicate, and three parties hereto respectively hold one counterpart which bears the same legal force and effect.

 

 

(There is no main body below)

 

 

	
Party   A: Tianjin Quna Internet Finance Information Technology Co., Ltd. (Seal)
    
	
/s/Tianjin   Quna Internet Finance Information Technology Co., Ltd.
    
	
Date of   Signing: July 28, 2017
    
	
 
    
	
Party   B: Anquying (Shanghai) Investment Consulting Co., Ltd. (Seal)
    
	
/s/Anquying   (Shanghai) Investment Consulting Co., Ltd.
    
	
Date of   Signing: MM/DD, 2017
    
	
 
    
	
Party C:   Ganzhou Jimu Micro Finance Co., Ltd. (Seal)
    
	
/s/Ganzhou   Jimu Micro Finance Co., Ltd.
    
	
Date of   Signing: MM/DD, 2017
    

 

 

Supplementary Agreement No.4 to “Jiequhua” Business Cooperation Agreement

 

Party A: Tianjin Quna Internet Finance Information Technology Co., Ltd.
 Party B: Anquying (Shanghai) Investment Consulting Co., Ltd.
 Party C: Ganzhou Jimu Micro Finance Co., Ltd.

 

Upon friendly negotiation, Party A, Party B and Party C have reached a consensus and agreed to make the following supplement to the “Jiequhua” Business Cooperation Agreement  and its exhibits (hereinafter collectively referred to as “the Original Agreement”) which took effect upon being signed by three parties hereto on March 13, 2017:

 

(I) The three parties hereto agree that “The Borrower must made repayments under the “Jiequhua” plan via Party A’s platform. After a repayment is made successfully, Party A will notify Party B of information on the repayment via the interface of the platform. Party A shall ensure that the repayment information is submitted to Party B on a real-time basis, and the full amount of the repayment made by the Borrower shall be cashed to the bank account designated by Party B within one working day after the Borrower makes the repayment.” in Article 4.2 of the Original Agreement is changed to:

 

“The Borrower may only make “Jiequhua” repayment on Party A’s platform and Party A shall notify Party B the repayment information via the platform interface after the repayment is made successfully. Party A shall guarantee to submit the real-time repayment information to Party B and withdraw and transfer full amount repaid by the Borrower to the designated bank account of Party B in two separate nodes after the repayment is made to the account. The two nodes are respectively Day T and Day T+1. Wherein, the specific settlement method on Day T is subject to the contents agreed between the both parties on mail; the specific settlement method on Day T+1 is still subject to the original agreement. Besides, Party A has to present the reconciliation documents of Day T to Party B on Day T+1.”

 

(II) The Supplementary Agreement shall be an integral part of the Original Agreement, and any matters uncovered herein shall be subject to the provisions as stipulated in the Original Agreement. The Supplementary Agreement shall take effect upon being sealed by three parties hereto; the Supplementary Agreement shall be made in triplicate, and three parties hereto respectively hold one counterpart which bears the same legal force and effect.

 

 

	
(There is   no main body below)
    
	
Party A: Tianjin   Quna Internet Finance Information Technology Co., Ltd. (Seal)
    
	
/s/Tianjin   Quna Internet Finance Information Technology Co., Ltd.
    
	
Date of   Signing: August 14, 2017
    
	
 
    
	
 
    
	
Party B:   Anquying (Shanghai) Investment Consulting Co., Ltd. (Seal)
    
	
/s/Anquying   (Shanghai) Investment Consulting Co., Ltd.
    
	
Date of   Signing: August 14, 2017
    
	
 
    
	
 
    
	
Party C:   Ganzhou Jimu Micro Finance Co., Ltd. (Seal)
    
	
/s/Ganzhou   Jimu Micro Finance Co., Ltd.
    
	
Date   of Signing: August 14, 2017
    

 

 

Supplementary Agreement No.5 to “Jiequhua” Business Cooperation Agreement

 

Party A: Tianjin Quna Internet Finance Information Technology Co., Ltd.
 Party B: Anquying (Shanghai) Investment Consulting Co., Ltd.
 Party C: Ganzhou Jimu Micro Finance Co., Ltd.

 

To promote deep business cooperation between both parties hereto, upon friendly negotiation, Party A, Party B and Party C have reached a consensus and agreed to make the following supplement to the “Jiequhua” Business Cooperation Agreement  and relevant supplementary agreements (hereinafter collectively referred to as “the Original Agreement”) which took effect upon being signed by three parties hereto on March 13, 2017:

 

(I) The three parties hereto agree to add Yunnan International Trust Co., Ltd. as the lender as agreed in the Original Agreement to provide the applicants with loan service. Unless otherwise specified hereunder, the three parties hereto agree that Yunnan International Trust Co., Ltd. is entitled to the rights and obligations of Party C under the Original Agreement.

 

(II) Party B shall still pay Party A technical service fee according to the Original Agreement.

 

(III) Yunnan International Trust Co., Ltd. and Party A shall separately determine the matters on the repayment of borrower in writing.

 

(IV) The Supplementary Agreement shall be an integral part of the Original Agreement, and any matters uncovered herein shall be subject to the provisions as stipulated in the Original Agreement. The Supplementary Agreement shall take effect upon being sealed by three parties hereto; the Supplementary Agreement shall be made in triplicate, and three parties hereto respectively hold one counterpart which bears the same legal force and effect.

 

 

	
(There is no main body below)
    
	
Party A: Tianjin Quna Internet   Finance Information Technology Co., Ltd. (Seal)
    
	
/s/Tianjin Quna Internet Finance Information   Technology Co., Ltd.
    
	
Date of Signing: August 30, 2017
    
	
 
    
	
 
    
	
Party B: Anquying (Shanghai)   Investment Consulting Co., Ltd. (Seal)
    
	
/s/Anquying (Shanghai) Investment Consulting   Co., Ltd.
    
	
Date of Signing: August 30, 2017
    
	
 
    
	
 
    
	
Party C: Ganzhou Jimu Micro   Finance Co., Ltd. (Seal)
    
	
/s/Ganzhou Jimu Micro Finance Co., Ltd.
    
	
Date of Signing: August 30, 2017
    

 

 

Supplementary Agreement No.6 to “Jiequhua” Business Cooperation Agreement

 

Party A: Tianjin Quna Internet Finance Information Technology Co., Ltd.
 Party B: Anquying (Shanghai) Investment Consulting Co., Ltd. 
 Party C: Ganzhou Jimu Micro Finance Co., Ltd.

 

Upon friendly negotiation, Party A, Party B and Party C have reached a consensus and agreed to make the following supplement to the “Jiequhua” Business Cooperation Agreement  and relevant supplementary agreements (hereinafter collectively referred to as “the Original Agreement”) which took effect upon being signed by three parties hereto on March 13, 2017:

 

(I) For the “Technical service application fee”, Party B shall obtain relevant data from the Applicant via Party A’s interface and pay Party A the technical service fee by the standard of RMB *** per time of inquiry (the Applicant is not an inventory customer of Party B’s Naquhua business; “inventory customer” refers to the customer for which Party B has paid the technical service application fee to Party A’s affiliates upon the application for Naquhua service).

 

It is changed since August 18, 2017 as follows:

 

Technical Service Application Fee:

 

Party B shall obtain relevant data from the applicant via Party A’s interface and pay Party A the technical service fee by the standard of RMB *** per time of inquiry. If the Applicant is under either of the following situations, Party B does not have to pay Party A any fee on regaining the data of the Applicant:

 

1. Party B has paid the technical service fee to Party A’s affiliates in a standard of RMB *** per person when the Applicant applies for Naquhua service before zero hour August 18, 2017;

 

2. Party B has paid the technical service fee to Party A in a standard of RMB *** per person when the Applicant applies for Naquhua service before zero hour May 1, 2017

 

(II) The Supplementary Agreement shall be an integral part of the Original Agreement, and any matters uncovered herein shall be subject to the provisions as stipulated in the Original Agreement. The Supplementary Agreement shall take effect upon being sealed by three parties hereto; the Supplementary Agreement shall be made in triplicate, and three parties hereto respectively hold one counterpart which bears the same legal force and effect.

 

 

(There is no main body below)

 

 

	
Party A: Tianjin Quna Internet Finance   Information Technology Co., Ltd. (Seal)
    
	
/s/Tianjin Quna Internet Finance Information   Technology Co., Ltd.
    
	
Date of Signing: August 17, 2017
    
	
 
    
	
 
    
	
Party B: Anquying (Shanghai) Investment   Consulting Co., Ltd. (Seal)
    
	
/s/Anquying (Shanghai) Investment Consulting   Co., Ltd.
    
	
Date of Signing: MM/DD, 2017
    
	
 
    
	
 
    
	
Party C: Ganzhou Jimu Micro Finance   Co., Ltd. (Seal)
    
	
/s/Ganzhou Jimu Micro Finance Co., Ltd.Exhibit 10.21

 

Agreement No.:             

 

Naquhua Business Cooperation Agreement

 

Party A: Anquying (Shanghai) Investment Consulting Co., Ltd.

 

Legal representative: HAN Jiading

 

Registered Address: Room 309-B, No.89 Yunling East Road, Putuo District, Shanghai

 

Contact: CAI Shujun

 

Tel: ***********

 

Party B: Xi’an Quxie Financial Services Co., Ltd.

 

Legal representative: YANG Miao

 

Registered Address: A2402-40, Block B, Kairui Building, Mingguang Road, Economic and Technological Development Zone, Xi’an

 

Contact: HAO Xinhua

 

Tel: ***********

 

 

	
Naquhua Business Cooperation Agreement
    	
 
    	
December 25, 2017
    

 

This Agreement was signed on December 25, 2017 in Haidian District, Beijing.

 

Whereas:

 

Party A is a personal credit technology service company that is qualified to work with a number of financial institutions to provide credit-related technical services.

 

Party B is a limited liability company established in accordance with the law of the People’s Republic of China. Party B and its affiliates (collectively “Party B” under this Agreement), together with other cooperative institutions, develop and operate the Naquhua products and jointly provide the online travel finance services to Users.

 

In order to give full play to the advantages of both Party A and Party B in their respective fields and jointly promote the in-depth cooperation in the field of Internet finance, both parties, based on the principle of mutual benefit, win-win outcome and harmonious development as well as on the basis of voluntariness, equality and integrity, reach the following agreement through amicable consultation on the “Naquhua” cooperation issues and promise to strictly abide by the following regulations and assume their respective rights and obligations.

 

Chapter I  Definition of Terms

 

Unless otherwise expressly stated in the text of this Agreement, the terms used in this Agreement are defined as follows:

 

1.1                               Naquhua: refers to the product that provides credit service to Users based on consumer scenarios developed and operated by Party B. Party B has the right to adjust the marketing name of the product from time to time and apply the cooperation under this Agreement to the new marketing name without obtaining the consent of Party A separately.

 

1.2                               Naquhua platform: refers to all platforms and/or applications embedding in Naquhua which can use Naquhua for consumption payment, including but not limited to Qunar.com (www.qunar.com), Ctrip (www.ctrip.com) and other platforms and/or applications. Party B has the right to adjust the access to Naquhua from time to time. Party B shall obtain Party A’s consent before creating any additional access to Naquhua, and the two parties do not need to sign a cooperation agreement separately.

 

1.3                               User: refers to individual Users who register in Naquhua platform, are at the age of 22 years and above, accept the Naquhua User Agreement, agree to use Naquhua services and have completed the bank card binding procedure.

 

1.4                               Using Naquhua for payment: refers to the activity using Naquhua as a payment method so as to enjoy deferred payment or installment service provided by Naquhua when Users buy goods or accept services on the Naquhua platform from the merchants.

 

1.5                               Credit Limit: refers to the maximum credit limit that is ratified by the Service Provider based on the information provided by the User and the legally obtained data and can be recycled by the User.

 

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1.6                               Consumption: refers to the activity in which the User buys goods or accepts services and makes payment on Naquhua platform.

 

1.7                               Consumption principal: refers to the corresponding amount of the consumption which is on the Naquhua platform and definitely needs to be paid by the User (based on the order generated on the Naquhua platform).

 

1.8                               Consumption accounting day: refers to the date on which the User uses Naquhua for payment; the consumption accounting day is subject to the electronic information generated by Naquhua.

 

1.9                               Account period: refers to the period from the consumer billing date to the due payment date. In the delayed payment mode, the account period refers to the consumer billing date to the latest payment date promised by the User (up to 30 days); in the installment mode, the account period refers to the consumer billing date of each payment to the date of payment of the latest payment.

 

1.10                        Due date of payment: the latest date on which the User should pay. In the delayed payment mode, the due date of payment is the latest payment date promised by the User. Under the installment mode, the due date of payment is the latest date of each payment.

 

1.11                        Deferred payment: refers to a payment method by which a User promises to pay the full amount of his/her consumption principal on or before the date confirmed by the User when using Naquhua.

 

1.12                        Delayed payment period: refers to the actual days between the payment date and payment due date when the User chooses to postpone the payment. The Service Provider will conduct the comprehensive assessment based on the User’s credit status, but such maximum period may not exceed 30 days.

 

1.13                        Installment: refers to the payment method of which the User divides the consumption principal into a number of payments, and the Service Provider charges fees in accordance with the provision thereof.

 

1.14                        Number of Installments: refers to the number of month that the User chooses to pay installments, such maximum may not exceed 12 months.

 

1.15                        Service fee: refers to the service fee that the User has to bear and pay to the Service Provider when they choose using Naquhua. The service fee rate shall be calculated by Party A according to the User’s risk and suggestions made therefrom will also be provided to the Service Provider. At the discretion of the Service Provider, Party B will show the User the corresponding service fee amount and rate when the User applies for the Naquhua payment account.

 

1.16                        Service provider: refers to an organization that has the ability and qualification to issue loans over the Internet or to provide Users with installment services based on factoring business. Party A and Party B will sign the Naquhua Cooperation Framework Agreement with the actual Service Provider separately as an attachment to this Agreement.

 

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Chapter II Cooperation Issues

 

2.1                               Party A and Party B jointly carry out Naquhua business cooperation for personal online travel products together with the Service Provider through their respective technical capabilities. Party A and Party B should employ the Naquhua platform, together with the Service Provider, to complete the online credit rating system transformation and development.

 

2.2                               Based on the real transaction of the User on the Naquhua platform and solely decided by the Service Provider whether to provide Users with installment services by means of accepting the creditor’s right or entrusting payment for consumer loans. Party A shall provide technical services and assist the Service Provider to carry on the evaluation of the credit limit and the calculation of the service rate for the reference of the Service Provider. User repayment method is divided into delayed payment (up to 30 days) and installments; as for installments, the User pays the installment service fees or interest to the Service Provider.

 

2.3                               If the User who uses Naquhua for payment fails to repay the consumption principal and/or service fee on time within the account period, Party B shall provide necessary assistance to the extent permitted by law and authorized by the User when the Service Provider collects debts independently or entrusts Party A to do so. However, neither Party A nor Party B shall bear the risk of overdue or bad debts of accounts receivable.

 

Chapter III Target Users

 

3.1                               User Screening: The User screening rules are formulated by the Service Providers themselves and Party A shall provide the necessary assistance. Party B selects the target Users who meet the criteria according to the User screening rules, and Party A will deliver the information of different Users and the risk assessment suggestions to the corresponding Service Providers according to the specific needs of different Service Providers. Party A shall ensure that the delivery range of User information is controlled within a reasonable and necessary degree. Party B shall ensure that the target User has undergone the real-name authentication. Party B shall ensure the authenticity of the identity of the target User and guide the User to complete the bank card binding procedure or other payment methods for collection and repayment through the platform account of Party B. Party B shall urge Naquhua platform to ensure that the target User and services providers of the target User have not conduct batch registration, batch authentication, peer accounts, cash out, transaction cheating, abnormal consumption, false orders, high frequency orders, high frequency chargeback and other frauds or risks on Naquhua platform. Party B shall also assist the target User in signing the corresponding documents meeting the requirements of Party A and Service Providers after the target User completes logging in and identity verification.

 

3.2                               User marketing: both parties agree that Party B will screen out eligible Users for marketing according to User screening rules, and the marketing plan shall be agreed upon by both parties. Party B shall be responsible for the specific marketing work. Marketing methods include, but are not limited to, text messages, telephone calls and emails. Where Party B and its employees conduct marketing to the target User, the consent or request of the information receiver shall be obtained as a precondition. Party A shall have the right to collect and store the User’s information under the

 

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authorization of the User, and may, after informing Party B, use the information for the marketing of Party A’s other products within the User’s authorization.

 

3.3                               Information provision: Party B shall provide Party A with the User’s identity information, including but not limited to ID information, consumption statistics, etc. to the extent permitted by the law and authorized by the User.

 

Chapter IV Business Process

 

4.1                               Users who apply for Naquhua payment shall provide their true information and other related materials in accordance with the business rules and corresponding process requirements of Naquhua and authorize Party A and Party B to collect, keep and use their personal information and related comprehensive credit information through legal means.

 

4.2                               Party A may conduct risk assessment on the User according to the information provided by the User and other information collected by Party A, and provide the Service Provider with the credit limit for the reference of the Service Provider.

 

4.3                               The User may choose two payment methods, that is, the deferred payment or installment payment when using Naquhua for payment, and the application of using Naquhua for payment submitted by the User shall be regarded as the valid service offer to the Service Provider.

 

4.4                               Party A shall, according to the specific requirements and actual conditions of the Service Provider, deliver the User information and risk assessment suggestions to the corresponding Service Providers. If a Service Provider refuses to provide Naquhua service for the User, Party A may assign the User to other Service Providers. Party A shall ensure that the delivery range of User information is controlled within a reasonable and necessary degree. If the Service Provider agrees to provide the service, Party A shall assist the Service Provider to issue an instruction to Party B. Party B shall make the corresponding creditor’s mark according to the instructions of the Service Provider and Party A in the Naquhua system.

 

4.5                               If the User chooses the deferred payment, he/she only needs to pay the service repayment principal on or before the due date; if the User chooses the installment payment, he/she may apply for the monthly installment of the consumption principal (up to 12 installments), and shall pay the Service Provider appropriate interests and service fees. Party B shall take full advantage of the Naquhua platform to display to the User the above interests and service fees. Party A shall generate repayment schedule and feedback it to Party B based on the consumption principal in accordance with the service period, service rate approved by the Service Provider, and Party B will display to the User the said through the Naquhua platform.

 

4.6                               The User’s single expense account period shall commence from the consumer billing date. Both parties agree that if the Service Provider is a commercial factoring company, Party A and Party B shall assist the Service Provider to complete the assignment of the receivables arising from the credit sales on the Naquhua platform within the account period, provided that the Service Provider shall cooperate with the Naquhua Platform and meet the requirements of the merchants to sign the necessary documents. Party B shall assist the factoring company to obtain the authorization of

 

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the merchants who open the “Naquhua” business and agree to transfer their receivables to the factoring company and inform the User in an appropriate manner that they have transferred the receivables to Party A.

 

4.7                               Party A shall assist the Service Provider to pay the designated account of Party B for settlement with the merchant on the day next to the consumer billing date by paying the consideration of the receivable or the consideration of the loan issued to the User.

 

4.8                               Party B shall inform the User that the User can only repay the Service Provider through Naquhua, and Party B shall pay the full repayment to the designated account of the Service Provider the next day after receiving the repayment (including the principal, interests, service fee, etc.) from the User. After the repayment of the User is completed, Party B shall inform Party A and the Service Provider of the User repayment. Party A shall assist the Service Provider to confirm and resume the User’s credit limit promptly, and shall promptly send back the updated credit limit and the new repayment schedule to Party B.

 

4.9                               Users who apply for early settlement of all or part of the principal shall pay the corresponding service fee. If Users return all or part of the goods, the refund shall be determined by Naquhua platform or in accordance with the designated policies of the merchants. Party B shall pay the full refund of the merchant to the account of the Service Provider or the designated account of Party A. Party A shall be responsible for coordinating the settlement between the Service Provider and the User, restoring the corresponding credit limit of the User and generating a new repayment schedule which shall be displayed to the User by Party B.

 

4.10                        If there is no other agreement, and the User makes partial repayments, and Party B shall offset it according to the liquidated damages (if any), the service fee or interest, and the principal of consumption.

 

4.11                        When the User repayments are overdue, the Service Provider will initiate the collection work or entrust Party A to collect repayment from the User. Party B shall assist the Service Provider and Party A’s collection work and provide the necessary User information and relevant materials so as to facilitate the collection work.

 

Chapter V Declaration and Guarantee

 

5.1                               Declaration and guarantee of Party A

 

5.1.1                     Party A is a legally established and existing limited liability company, Party A has the appropriate technical qualifications and ability to collaborate with the Service Provider to provide Users with the Naquhua services under this Agreement.

 

5.1.2                     Party A is not responsible for accepting complaints from Users on the consumption, platform services, purchased products and service quality of the Naquhua platform, but it can assist the User to contact Party B.

 

5.1.3                     The trademark, LOGO, business name or related patterns and combinations thereof provided by Party A to Party B shall only be used by Party B for the purposes specified in this Agreement. Party A does not grant Party B any right to use the

 

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trademarks, LOGO, business names or related patterns and combinations thereof in any manner unless otherwise authorized in writing by this Agreement.

 

5.1.4                     Party A shall assist the Service Provider and provide the special data list required for the completion of the business to Party B for inquiry through the data interface as well as adopt such security measures as special line communication and message encryption to conduct management.

 

5.1.5                     Party A shall guarantee that the interface service is stable and inform Party B 1 working day in advance before the system upgrade or downtime maintenance, and such upgrade and maintenance tasks will be implemented upon Party B’s confirmation. Party A will cease providing the services under this Agreement during system maintenance.

 

5.1.6                     After the applicant completes the credit limit application and signs the Naquhua Service Agreement (the content of which is reviewed and approved in written by the Service Provider), the Agreement with respect to the Naquhua products signed by the User and the Service Provider shall not be modified without the written consent of Party B.

 

5.1.7                     Party A shall ensure that the changes to the business rules, interface documents and system technical logic related to the Naquhua products shall be promptly delivered to Party B and confirmed by Party B before proceeding.

 

5.1.8                     Without the consent of Party B, Party A shall ensure that the transaction information between the User and the Service Provider will not be leaked to any third party other than Party A, Party B and the relevant Service Provider.

 

5.1.9                     Party A shall, upon receiving the information of the applicant provided by Party B, complete the evaluation of the qualification of the applicant in a timely manner according to the methods and procedures approved by Party A and Party B, and submit the evaluation suggestion (including credit limit, amount, service rate, term and other factors) feedback to the Service Provider, and upon the approval of the Service Provider, assist the Service Provider to feedback such information to Party B.

 

5.1.10              Party A shall provide the basic information and funds demand of the User for the Service Provider in a real time manner and shall be responsible for providing the User with repayment management service without Party B’s interference. Party A shall ensure that the delivery range of User information is controlled within a reasonable and necessary degree.

 

5.1.11              Party A shall conduct a basic review of the Service Provider to ensure that the Service Provider has the ability and qualification to provide the User with installment consumption services.

 

5.2                               Declaration and guarantee of Party B

 

5.2.1                     Party B is an enterprise legally registered in the State Administration for Industry and Commerce and is authorized to conduct the business under this Agreement.

 

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5.2.2                     Party B has established an effective test mechanism of external attack detection and the business processing server shall be set within the territory of the People’s Republic of China. If it is set up outside the country, the facilities and equipment that can record and store business transaction data shall be set up in the People’s Republic of China. In case of a legal dispute, the said facilities and equipment shall meet the requirements of investigation and evidence collection by the Chinese judiciary.

 

5.2.3                     Party B shall ensure that the password authentication used by Party B in the system of Party B is a reliable electronic signature and Party A can determine the User’s identity and instructions accordingly.

 

5.2.4                     Party B shall ensure that the interface documents and business data provided by Party A shall be kept confidential and shall not be divulged. When using the interface services provided by Party A, Party B shall comply with the specifications and instructions of the interface documents, and shall not use the interface for business processes beyond the descriptions of the interface documents; if there is any objection to the interface document, such objection must be proposed in advance.

 

5.2.5                     Party B shall deduct the User’s repayment funds according to the instructions of the Service Provider and Party A. When the instruction of the Service Provider conflicts with that of Party A, the instruction of Party A shall prevail. Party B shall not take any responsibility for disputes between Party A and the Service Provider.

 

5.2.6                     Party B promises not to disclose the transaction information between the User and Party A to any third party other than Party A and the Service Provider (other than Party B’s affiliates and the necessary third parties providing the service) .

 

5.2.7                     Party B guarantees that the interface service provided by the Party B is stable. Party A shall be notified in advance before carrying out system upgrade, commissioning or downtime maintenance and only upon the confirmation of Party A, may the upgrade and maintenance tasks be implemented.

 

5.2.8                     Party B shall use a unified service telephone, domain name, SMS number, etc. as far as possible. Party B shall specify the legal channels for the User to initiate the business, the handling of contingencies, and the contact information in the agreement signed with the User.

 

5.2.9                     Party B shall, in accordance with the request of Party A, fully display to the User the contents of the Naquhua Service Agreement confirmed in writing by Party A and the Service Provider, informing the User of the possible consequences and risks of default.

 

5.2.10              Party B is not responsible for accepting complaints from Users on issues such as consumption, platform services, purchased products and service quality of the Naquhua platform, but Party B may assist the User in contacting the Naquhua platform or the merchant.

 

8

 

Chapter VI Rights and Obligations of the Parties

 

6.1                               Rights and Obligations of Party A

 

6.1.1                     Party A shall send to Party B the basic information (including but not limited to the business licenses, business scopes, relevant qualifications and certificates) of the Service Providers as per the requirement of Party B prior to the commencement of the cooperation hereunder. When adding a new Service Provider, Party A shall supply the basic information of such Service Provider as per the requirement of Party B for Party B’s review.

 

6.1.2                     Party A shall be entitled to require Party B to supply the relevant records of consumption and settlement results of payments of the Users making payments with Nuquhua at its online store within the authorizations of Users, which will be used by Party A to assess the risks of the Users.

 

6.1.3                     Party A shall be entitled to accept the entrustment by the Service Providers to and, as per their requirements, conduct the collection works against the specific overdue Users, and require Party B to render necessary assistance. Party A undertakes that it shall not make collection by such means as using violence, intimidation, insult, libel or harassment.

 

6.1.4                     Party A shall be entitled to require Party B to fairly treat the Users consuming at its online store by using the payment method “Nuquhua”.

 

6.1.5                     Party A shall be obligated to cause the Service Providers to timely pay the consideration for acquiring the accounts receivable to the merchants at Party B’s platforms or advance the consideration for the commodities or services to the merchants at the Nuquhua Platform.

 

6.1.6                     Party A shall be entitled to unilaterally decide to suspend or terminate the services of Nuquhua hereunder for and on behalf of the Service Providers without any liability for breach; if Party A has evidence to prove that Party B conducts acts of batch false or fraudulent transactions via the accounts of the merchants at the Nuquhua Platform or other acts maliciously impairing the interests of Party A or the Service Providers.

 

6.1.7                     Party A shall be entitled to adjust or cease the newly added business scale of “Nuquhua” hereunder (including but not limited to requiring Party B to enlarge or reduce the number of Users to be pushed or assist the Service Providers in changing the standards for the application qualifications of the newly added Users) and notify Party B within 15 business days prior to such adjustment.

 

6.1.8                     Party A will agree with the Service Providers on the supply of technical services of credit loans and the receipt of fees from the Service Providers, and Party B shall not interfere.

 

6.1.9                     Party A shall assume the responsibilities for keeping confidential all information regarding Party B and the Users received during the cooperation. Party A undertakes that the personal information, credit data and transaction information regarding the Users received from Party B during the cooperation of business may only be used for the purpose of the cooperation hereunder to the reasonable and necessary extent. Without the written consent of Party B and authorizations of the Users, Party A and its staff shall not supply to any third party or use any relevant information for any purpose other than the purpose agreed herein, and shall not illegally sell or purchase, or spread or otherwise reveal the information of the Users.

 

9

 

6.2                               Rights and Obligations of Party B

 

6.2.1                     Party B shall keep confidential and shall not reveal the materials supplied by Party A unless otherwise provided herein.

 

6.2.2                     Party B shall, as per the requirement of Party A, complete the development of the interface connecting the system of Party B and the system of Party A.

 

6.2.3                     Party B shall, as per the requirements of Party A and the Service Providers, present to the Users such contracts as required to sign and repayment schedules under the services of “Naquhua”, and remind the Users of such circumstances as the change to the repayment schedules by messages, in-station letters and other means.

 

6.2.4                     Party B shall display the LOGO of Party A at such places on the pages of Party B’s platform as agreed by the parties so as to facilitate the applicants to use the services of “Naquhua”.

 

6.2.5                     Party B shall be entitled to, by combining the actual circumstances of the development of the business of Naquhua, adjust the partial or entire functions of Naquhua, and maintain and update the access channels, various usage functions, service scope and procedures and etc. of Naquhua.

 

6.2.6                     Any personal information regarding the Users supplied by Party B to Party A due to this cooperation, without the consent of the Users, shall not be used by Party A for any purpose other than for the provision of the services of “Naquhua” to the Users, otherwise, Party A shall solely assume the consequences arising therefrom including all direct losses incurred by Party B as a result of the complaints lodged by the Users against Party B.

 

6.2.7                     Party B will not assume the overdue or bad debt risks of accounts receivable after the Users apply for the services of “Naquhua”.

 

6.2.8                     Party B shall transfer the repayment funds of accounts receivable to the corresponding bank accounts as per the instructions of Party A and the Service Providers. The instructions of Party A shall prevail in case of conflict between the instructions of Party A and the Service Providers, and Party A shall independently assume the disputes and issues arising therefrom between it and the Service Providers.

 

Chapter VII Payment of Fees

 

7.1                               Application Technical Service Fee

 

With respect to the Users activated and applying for making payments by using Naquhua via Qunar.com after August 18th, 2018, Party A shall pay Party B the application technical service fee as per the standard of *** Yuan for each first consuming client.

 

With respect to the Users applying for making payments by using Naquhua via Ctrip.com, Party A shall pay Party B the application technical service fee respectively for each User to be activated and when each activated User first consumes as per the following standards for fee:

 

10

 

	
Amount of Funds Brought about by Party A
   in the Previous Month (Unit: ten thousand
   Yuan)
    	
 
    	
Application Technical Service Fee (each
   client)
    
	
***
    	
 
    	
***
    
	
***
    	
 
    	
***
    
	
***
    	
 
    	
***
    
	
***
    	
 
    	
***
    
	
***
    	
 
    	
***
    

 

7.2                               Marketing Technical Service Fee:

 

With respect to the Users making payments by using Naquhua via Qunar.com, Party B will charge the marketing technical service fee as per the following standards:

 

The parties will make the statistics of the proportion of installments for calendar months (the proportion of installments = the amount of services corresponding to the method of repayment by installment selected by the Users ÷ the aggregate amount of services for the Users making payments by using Naquhua via Qunar.com), and if the proportion of installments for the previous month is less than *** %, then Party B will not charge the marketing technical service fee for the current month; and if the proportion of installments for the previous month equals to or is more than *** %, then the marketing technical service fee for the current month = the interest actually paid by the Users to the Service Providers cooperating with Party A for the current month (including the service fee for installments)  ́ *** %.

 

With respect to the Users making payments by using Naquhua via Ctrip.com, the marketing technical service fee payable by Party A to Party B shall be the interests actually paid by the Users to the Service Providers cooperating with Party A for the current month (including the service fee for installments) * the proportion of service fee. The proportion of service fee is listed as follows:

 

	
Proportion of Newly Added Assets of
   Installments (as per the proportion in the
   amount of loans made)
    	
 
    	
Proportion of Marketing Technical Service
   Fee
    
	
***
    	
 
    	
***
    
	
***
    	
 
    	
***
    
	
***
    	
 
    	
***
    
	
***
    	
 
    	
***
    
	
***
    	
 
    	
***
    

 

11

 

7.3                               Settlement of Users Repayment Technical Service Fee

 

With respect to the Users making payments by using Naquhua via Qunar.com, Party A will bear the corresponding technical service fee when the Users conduct the repayment operation on the due dates for payment. Party B agrees to charge the repayment technical service fee by giving a discount in accordance with the scale of funds provided by the Service Providers for each month; the specific proportions are listed as follows:

 

	
Amount of Funds provided by
   the Service Providers for the
   Previous Month (ten thousand
   Yuan)
    	
 
    	
Proportion of Discount in the
   Repayment Technical Service
   Fee
    	
 
    	
Standards for the
   Repayment Technical
   Service Fee
    
	
***
    	
 
    	
***
    	
 
    	
***
    
	
***
    	
 
    	
***
    	
 
    	
***
    
	
***
    	
 
    	
***
    	
 
    	
***
    
	
***
    	
 
    	
***
    	
 
    	
***
    
	
***
    	
 
    	
***
    	
 
    	
***
    

 

 Such service fee will not be charged with respect to the orders of Users the amount of a single payment of which equals to or is less than *Yuan.

 

With respect to the Users making payments by using Naquhua via Ctrip.com, Party A will bear the corresponding technical service fee when the Users conduct the repayment operation on the due dates for payment; the standards for such fees are listed as follows:

 

	
Type of Bank Card of Served User
    	
 
    	
Rate of Fee
    
	
Debit card / credit card
    	
 
    	
*** %  ́   the aggregate amount of repayments

(the aggregate amount of repayments refers to all   sums paid by the Served Users, including but not limited to the principal of   repayments + service fee + liquidated damages)
    

 

Such service fee will not be charged with respect to the orders of Users the amount of a single payment of which equals to or is less than *** Yuan.

 

7.4                               Settlement

 

Party B will, prior to the fifth day of each month, inform Party A of various technical service fees accruing in the previous month; Party B shall issue a formal invoice bearing the corresponding amounts and items after Party A confirms that such fees are correct; Party A will pay such technical service fees to the account designated by Party B under Clause 7.7 hereof within 10 business days after receipt of the aforesaid invoice. If disagreeing with the

 

12

 

data, Party A shall notify Party B in writing and provide the evidence related thereof within 5 business days after receipt of the document of account reconciliation; the parties shall cooperate to ascertain the reason, and after they confirm their agreement, the adjustment will be conducted based on the actual data. If they fail to reach an agreement after the investigation, the results of statistics made by Party B shall prevail.

 

7.5                               Settlement Banks of Party A and Party B

 

The account information of Party A is listed as follows:

 

Account name of Party A: Anquying (Shanghai) Investment Consulting Co., Ltd.

 

Bank name of Party A: China Merchants Bank, Shanghai Branch

 

Bank account number of Party A: ***************

 

The account information of Party B is listed as follows:

 

Account name of Party B: Xi’an Quxie Financial Services Co., Ltd.

 

Bank name of Party B: China Guangfa Bank Co., Ltd., Xi’an Branch, Department of Business

 

Bank account number of Party B: ***************

 

Chapter VIII Confidentiality

 

8.1                               Unless otherwise provided herein, each party hereto shall keep confidential the technical data, trade secrets, information of development, plans of products, services and lists of clients of the other party and its affiliates, and clients, suppliers and their lists, software, development, inventions, software, formula, technology, design, drawings, engineering management, information of hardware configuration, information of personnel, marketing, finance and other information of business it has access to, becomes aware of or acquires due to this Agreement or the factors related to this Agreement.

 

8.2                               Each party agrees that at any time during the negotiation and formation of this Agreement, during the term of this Agreement and after the termination of this Agreement, without the prior written consent of the other party, it shall not disclose or reveal the details of the business cooperation regarding this cooperation or any confidential information of the other party to any natural person, legal person or other organizations.

 

8.3                               Such obligations of confidentiality shall survive the invalidity, early termination, discharge or impracticability of this Agreement.

 

Chapter IX Liabilities for Breach and Disclaimer

 

9.1                               Party A shall pay Party B the late fee amounting to ***% of the overdue sum for each overdue day if failing to pay any sum to Party B.

 

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9.2                               Party B shall be entitled to immediately terminate this Agreement if Party A or its staff uses the personal information (including but not limited to such information as the names, identity card numbers, contact methods and bank card numbers of the Users) or credit data of the Users in violation of the regulations of the laws or the provisions hereof, or without the consents of Party B and the Users, sends messages to the Users or push and lead them to download app, receive pocket money and open accounts or conducts acts of marketing and promotion to the Users in any manner, or Party A violates the provisions under Clause 6.1.3 or Clause 6.1.9 hereof. At the same time, Party A shall settle the disputes arising therefrom, including but not limited to the legal actions or administrative penalties related thereof initiated by the third parties or relevant administrative agencies against Party B or its affiliates. If Party B or its affiliates firstly assume the legal liabilities to the third parties or undertake the penalties imposed by the administrative agencies, Party A shall assume the joint and several liabilities for indemnifying all direct losses incurred by Party B and its affiliates (including but not limited to any direct losses, indirect losses, relevant lawyers’ fee and fees of investigation). Prior to the settlement of such disputes, Party B or its affiliates shall be entitled to suspend the payment or refund all fees for the cooperation with Party A, and may deduct therefrom the aforesaid liquidated damages and indemnities.

 

9.3                               Party A, Party B or the Service Providers will not assume to each other any liability for breach or indemnity if not able to normally operate due to the occurrence of any of the following circumstances and resulting in the failure to provide the services of products to Party B or failure to timely provide the services of payment settlement hereunder; such circumstances include but are not limited to:

 

(1)                                 during the maintenance of service networks;

 

(2)                                 the inability to transmit data due to the malfunction of telecommunication equipment;

 

(3)                                 the failure of Party A to timely complete the payment due to the bank;

 

(4)                                 the inability to conduct the business due to the malfunction of the system caused by typhoon, earthquake, seaquake, flood, interruption of supply of electricity, war, terrorist attack or other force majeure;

 

(5)                                 the interruption or delay of services due to hacker attack, or technical adjustment or malfunction or upgrading of networks of the telecommunications sector or other relevant agencies or enterprises or public institutions which are relied on by Party A in terms of the information technology, or problems on the part of banks.

 

After the occurrence of a circumstance provided under this clause, Party A shall conduct the relevant payment settlement to Party B pursuant to the provisions under Chapter 7 hereof not later than the 10th business day after the disappearance of such circumstance. Otherwise, Party A shall pay Party B the late fee amounting to *** % of all sums which shall be settled for each overdue business day.

 

If it’s necessary to cease this cooperation of “Naquhua” business due to the occurrence of such circumstance, the parties shall negotiate to reach an agreement for

 

14

 

jointly terminating this cooperation to the user companies and jointly deal with the consequences of this cooperation appropriately, and the disputes with the Users arising therefrom shall be jointly assumed by the parties.

 

9.4                               If Party A fails to provide the agreed services due to the promulgation of or change to ordinances or policies by the competent national authorities during the term of this Agreement, it will not be deemed to constitute a breach, and the parties may amend the contents of this Agreement or terminate this Agreement in advance in light of the relevant ordinances or policies.

 

Chapter X Notices and Service

 

10.1                        Any notice, requirement or letter made or sent by any party hereunder shall be delivered or sent to the other party in writing (including such means as email); the contact information of the relevant parties is listed as follows:

 

Party A: Anquying (Shanghai) Investment Consulting Co., Ltd.

Contact person: Cai Shujun

Tel: ***********

Email: ****************

Office address: F2 Pintai, East Gate, Yingke Center, Workers’ Stadium North Road, Chaoyao District, Beijing

Party B: Xi’an Quxie Financial Services Co., Ltd.

Contact person: Hao Xinhua

Tel: ***********

Email: ****************

Office address: F17, Weiya Building, No. 29 Suzhou Street, Haidian District, Beijing

 

10.2                        Any notice, requirement, instruction or other documents shall be made in writing and shall be deemed to have been served:

 

(1)                                 when signed and received by the receiving party if sent by hand.

 

(2)                                 when the transmission system of the sending party confirms that the transmission is successful if sent by fax or other wire transmission (the receipt is confirmed) methods.

 

(3)                                 on the third day after having been posted if sent by a prepaid registered mail within a same city, or on the fourth day after having been posted if sent to other places of the country, or on the fifth day after having been posted if sent to Hong Kong, Macao or Taiwan region, or on the seventh day after having been posted if sent overseas to other countries or regions.

 

(4)                                 on the second day after having been sent if sent by an express mail through express courier within a same city, or on the third day after having been sent if sent to other places of the country, or on the fourth day after having been sent

 

15

 

if sent to Hong Kong, Macao or Taiwan region, or on the sixth day after having been sent if sent overseas to other countries or regions.

 

10.3                        If any party does not provide in advance or supplement its correspondence address and/or addressee to the other party, or its correspondence address provided in advance is erroneous, or there is delay or loss occurring during the post, the other party will not assume any liability for such delay or non-delivery.

 

Chapter XI Miscellaneous

 

11.1                        The parties and their affiliates shall strictly comply with the relevant laws and regulations applicable to them for the performance of this Agreement, including but not limited to the laws and regulations regarding anti - corruption and self-discipline. The parties confirm that the act of either party violating the foregoing provisions shall be deemed as a breach and the other party shall be entitled to require it to timely rectify, report to the competent regulatory authorities and terminate this Agreement. If the breach of either party causes impairment to the other party, it shall indemnify the losses.

 

11.2                        This Agreement shall become effective at zero hour of December 26th, 2017 and remain valid until August 31st, 2020. After its expiry, this Agreement will be automatically renewed for one year if the parties do not raise objection in writing, or if either party raises objection, it may notify the other party in writing 30 days prior to the expiry of this Agreement that the Agreement will be terminated upon its expiry or a new agreement will be executed separately. This Agreement may be renewed for couple of times provided that the term for each renewal does not exceed 12 months.

 

11.3                        This Agreement and the schedules hereto constitute the entire agreement between the parties with respect to the subject matter hereunder and shall supersede all previous discussions, negotiations and agreements between the parties with respect to the subject matter hereunder.

 

11.4                        This Agreement is made in duplicate of the same legal effect, with Party A and Party B respectively holding one.

 

11.5                        The parties may execute supplementary agreements on the matters not defined herein, and such supplementary agreements will be the integral part of this Agreement.

 

11.6                        Any dispute arising during the performance of this Agreement shall be firstly settled through the amicable negotiation between the parties; if such negotiation fails, either party may initiate a lawsuit to the People’s Court having jurisdiction in the place where this Agreement is executed (Haidian District, Beijing).

 

(The remainder of this page is intentionally left blank)

 

16

 

(This page bears no text and is only for signatures)

 

Party A: Anquying (Shanghai) Investment Consulting Co., Ltd. (seal)

 

/s/Anquying (Shanghai) Investment Consulting Co., Ltd.

 

Date:

 

Party B: Xi’an Quxie Financial Services Co., Ltd. (seal)

 

/s/Xi’an Quxie Financial Services Co., Ltd.

 

Date: December 25th, 2017

 

17

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