Document:

Exhibit 4.60

 

Equity Interest Pledge Agreement

 

This Equity Interest Pledge
Agreement (this “Agreement”) has been executed by and among the following parties on January 10, 2018 in Shenzhen,
the People’s Republic of China (“China” or the “PRC”):

 

		Party A:	E-Sun Sky Computer (Shenzhen) Co., Ltd. (hereinafter
“Pledgee”), a wholly foreign owned enterprise, organized and existing under the laws of the PRC, with its address
at Shenzhen Nanshan District, Guangdong Bay, Shenzhen Bay science and Technology Park 7 B block 8 story B01 room;

 

		Party B:	Zhang Han(hereinafter “Pledgor”),
a Chinese citizen with Chinese Identification No.: 422802198708030014;

 

		Party C:	Shenzhen Youlanguang Technology Co., Ltd., a
limited liability company organized and existing under the laws of the PRC, with its address at 1-B Complex Building, Sports Center,
Shenxianling, City Center, Longgang District, Shenzhen.

 

In this Agreement, each
of Pledgee, Pledgor and Party C shall be referred to as a "Party" respectively, and they shall be collectively referred
to as the "Parties".

 

Whereas:

 

		1.	Party C is a limited liability company registered in
Shenzhen, China, engaging in the Internet information service business. Party C acknowledges the respective rights and obligations
of Pledgor and Pledgee under this Agreement, and intends to provide any necessary assistance in registering the Pledge;

 

		2.	Pledgee is a wholly foreign-owned enterprise registered
in China. Pledgee and Party C partially owned by Pledgor have executed an Exclusive Business Cooperation Agreement on as of the
execution date of this Agreement;

 

		3.	To ensure that Party C fully performs its obligations
under the Exclusive Business Cooperation Agreement and pay the consulting and service fees thereunder to the Pledgee when the
same becomes due, Pledgor hereby pledges to the Pledgee all of the equity interest he holds in Party C as security for payment
of the consulting and service fees by Party C under the Business Cooperation Agreement.

 

To perform the provisions of the Business
Cooperation Agreement, the Parties have mutually agreed to execute this Agreement upon the following terms.

 

		1.	Definitions

 

Unless otherwise
provided herein, the terms below shall have the following meanings:

 

		1.1	Pledge: shall refer to the security interest granted by Pledgor to Pledgee pursuant to Article
2 of this Agreement, i.e., the right of Pledgee to be compensated on a preferential basis with the conversion, auction or sales
price of the Equity Interest.

 

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		1.2	Equity Interest: shall refer to all of the equity interest lawfully now held and hereafter acquired
by Pledgor in Party C.

 

		1.3	Term of Pledge: shall refer to the term set forth in Section 3.2 of this Agreement.

 

		1.4	Business Cooperation Agreement: shall refer to the Exclusive Business Cooperation Agreement executed
by and between Party C and Pledgee as of the execution date of this Agreement.

 

		1.5	Event of Default: shall refer to any of the circumstances set forth in Article 7 of this Agreement.

 

		1.6	Notice of Default: shall refer to the notice issued by Pledgee in accordance with this Agreement
declaring an Event of Default.

 

		2.	The Pledge

 

As collateral security for the timely
and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of any or all of the payments
due by Party C, including without limitation the consulting and services fees payable to the Pledgee under the Business Cooperation
Agreement, Pledgor hereby pledges to Pledgee a first security interest in all of Pledgor's right, title and interest, whether now
owned or hereafter acquired by Pledgor, in the Equity Interest of Party C.

 

		3.	Term of Pledge

 

		3.1	The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated
herein has been registered’ with relevant administration for industry and commerce (the “AIC”). The Pledge shall
be continuously valid until all payments due under the Business Cooperation Agreement have been fulfilled by Party C. Pledgor and
Party C shall (1) register the Pledge in the shareholders' register of Party C within 3 business days following the execution of
this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated
herein within three (3) months following the execution of this Agreement. The parties covenant that for the purpose of registration
of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest
pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge
hereunder (the “AIC Pledge Contract”).  For matters not specified in the AIC Pledge Contract, the parties shall
be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary
procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest
shall be registered with the AIC as soon as possible after filing.

 

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		3.2	During the Term of Pledge, in the event Party C fails to pay the exclusive consulting or service
fees in accordance with the Business Cooperation Agreement, Pledgee shall have the right, but not the obligation, to dispose of
the Pledge in accordance with the provisions of this Agreement.

 

		4.	Custody of Records for Equity Interest subject to Pledge

 

		4.1	During the Term of Pledge set forth in this Agreement, Pledgor shall deliver to Pledgee's custody
the capital contribution certificate for the Equity Interest and the shareholders' register containing the Pledge within one week
from the execution of this Agreement. Pledgee shall have custody of such items during the entire Term of Pledge set forth in this
Agreement.

		4.2	Pledgee shall have the right to collect dividends generated by the Equity Interest during the Term
of Pledge.

 

		5.	Representations and Warranties of Pledgor

		5.1	Pledgor is the sole legal and beneficial owner of the Equity Interest.

		5.2	Pledgee shall have the right to dispose of and transfer the Equity Interest in accordance with
the provisions set forth in this Agreement.

		5.3	Except for the Pledge, Pledgor has not placed any security interest or other encumbrance on the
Equity Interest.

 

		6.	Covenants and Further Agreements of Pledgor

 

		6.1	Pledgor hereby covenants to the Pledgee, that during the term of this Agreement, Pledgor shall:

 

		6.1.1	not transfer the Equity Interest, place or permit the existence of any security interest or other
encumbrance on the Equity Interest, without the prior written consent of Pledgee, except for the performance of the Exclusive Option
Agreement executed by Pledgor, the Pledgee and Party C on the execution date of this Agreement;

 

		6.1.2	comply with the provisions of all laws and regulations applicable to the pledge of rights, and
within 5 days of receipt of any notice, order or recommendation issued or prepared by relevant competent authorities regarding
the Pledge, shall present the aforementioned notice, order or recommendation to Pledgee, and shall comply with the aforementioned
notice, order or recommendation or submit objections and representations with respect to the aforementioned matters upon Pledgee's
reasonable request or upon consent of Pledgee;

 

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		6.1.3	promptly notify Pledgee of any event or notice received by Pledgor that may have an impact on Pledgee's
rights to the Equity Interest or any portion thereof, as well as any event or notice received by Pledgor that may have an impact
on any guarantees and other obligations of Pledgor arising out of this Agreement.

 

		6.2	Pledgor agrees that the rights acquired by Pledgee in accordance with this Agreement with respect
to the Pledge shall not be interrupted or harmed by Pledgor or any heirs or representatives of Pledgor or any other persons through
any legal proceedings.

		6.3	To protect or perfect the security interest granted by this Agreement for payment of the consulting
and service fees under the Business Cooperation Agreement, Pledgor hereby undertakes to execute in good faith and to cause other
parties who have an interest in the Pledge to execute all certificates, agreements, deeds and/or covenants required by Pledgee.
Pledgor also undertakes to perform and to cause other parties who have an interest in the Pledge to perform actions required by
Pledgee, to facilitate the exercise by Pledgee of its rights and authority granted thereto by this Agreement, and to enter into
all relevant documents regarding ownership of Equity Interest with Pledgee or designee(s) of Pledgee (natural persons/legal persons).
Pledgor undertakes to provide Pledgee within a reasonable time with all notices, orders and decisions regarding the Pledge that
are required by Pledgee.

		6.4	Pledgor hereby undertakes to comply with and perform all guarantees, promises, agreements, representations
and conditions under this Agreement. In the event of failure or partial performance of its guarantees, promises, agreements, representations
and conditions, Pledgor shall indemnify Pledgee for all losses resulting therefrom.

 

		7.	Event of Breach

 

		7.1	The following circumstances shall be deemed Event of Default:

 

		7.1.1	Party C fails to fully and timely fulfill any liabilities under the Business Cooperation Agreement,
including without limitation failure to pay in full any of the consulting and service fees payable under the Business Cooperation
Agreement or breaches any other obligations of Party C thereunder;

		7.1.2	Pledgor or Party C has committed a material breach of any provisions of this Agreement;

		7.1.3	Except as expressly stipulated in Section 6.1.1, Pledgor transfers or purports to transfer or abandons
the Equity Interest pledged or assigns the Equity Interest pledged without the written consent of Pledgee; and

		7.1.4	The successor or custodian of Party C is capable of only partially perform or refuses to perform
the payment obligations under the Business Cooperation Agreement.

 

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		7.2	Upon notice or discovery of the occurrence of any circumstances or event that may lead to the aforementioned
circumstances described in Section 7.1, Pledgor shall immediately notify Pledgee in writing accordingly.

 

		7.3	Unless an Event of Default set forth in this Section 7.1 has been successfully resolved to Pledgee's
satisfaction within twenty (20) days after the Pledgee delivers a notice to the Pledgor requesting ratification of such Event of
Default, Pledgee may issue a Notice of Default to Pledgor in writing at any time thereafter, demanding the Pledgor to immediately
dispose of the Pledge in accordance with the provisions of Article 8 of this Agreement.

 

		8.	Exercise of Pledge

 

		8.1	Prior to the full payment of the consulting and service fees described in the Business Cooperation
Agreement, without the Pledgee's written consent, Pledgor shall not assign the Equity Interest in Party C.

		8.2	Pledgee may issue a Notice of Default to Pledgor when exercising the Pledge.

		8.3	Subject to the provisions of Section 7.3, Pledgee may exercise the right to enforce the Pledge
at any time after the issuance of the Notice of Default in accordance with Section 7.2. Once Pledgee elects to enforce the Pledge,
Pledgor shall cease to be entitled to any rights or interests associated with the Equity Interest.

		8.4	Pledgee is entitled to convert the Equity Interests of Party C hereunder, in whole or in part,
into money for offset or have priority in satisfying his claim from the proceeds of auction or sale thereof in accordance with
legal procedures, until the debts and all other liabilities of Party C under Business Cooperation Agreement are fully and completely
repaid.

		8.5	When Pledgee disposes of the Pledge in accordance with this Agreement, Pledgor and Party C shall
provide necessary assistance to enable Pledgee to enforce the Pledge in accordance with this Agreement.

 

		9.	Assignment

 

		9.1	Without Pledgee's prior written consent, Pledgor shall not have the right to assign its rights
and obligations under this Agreement.

 

		9.2	This Agreement shall be binding on Pledgor and its successors and permitted assigns, and shall
be valid with respect to Pledgee and each of its successors and assigns.

 

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		9.3	At any time, Pledgee may assign any and all of its rights and obligations under the Business Cooperation
Agreement to its designee(s) (natural/legal persons), in which case the assigns shall have the rights and obligations of Pledgee
under this Agreement, as if it were the original party to this Agreement. When the Pledgee assigns the rights and obligations under
the Business Cooperation Agreement, upon Pledgee's request, Pledgor shall execute relevant agreements or other documents relating
to such assignment.

		9.4	In the event of a change in Pledgee due to an assignment, Pledgor shall, at the request of Pledgee,
execute a new pledge agreement with the new pledgee on the same terms and conditions as this Agreement, and register the same with
the relevant AIC.

 

		9.5	Pledgor shall strictly abide by the provisions of this Agreement and other contracts jointly or
separately executed by the Parties hereto or any of them, including the Exclusive Option Agreement and the Power of Attorney granted
to Pledgee, perform the obligations hereunder and thereunder, and refrain from any action/omission that may affect the effectiveness
and enforceability thereof.

 

		10.	Termination

 

Upon the full payment of the consulting
and service fees under the Business Cooperation Agreement and upon termination of Party C's obligations under the Business Cooperation
Agreement, this Agreement shall be terminated, and Pledgee shall then cancel or terminate this Agreement as soon as reasonably
practicable.

 

		11.	Handling Fees and Other Expenses

 

All fees and out of pocket expenses
relating to this Agreement, including but not limited to legal costs, costs of production, stamp tax and any other taxes and fees,
shall be borne by Party C.

 

		12.	Confidentiality

 

The Parties acknowledge that the existence
and the terms of this Agreement and any oral or written information exchanged between the Parties in connection with the preparation
and performance this Agreement are regarded as confidential information. Each Party shall maintain confidentiality of all such
confidential information, and without obtaining the written consent of the other Party, it shall not disclose any relevant confidential
information to any third parties, except for the information that: (a) is or will be in the public domain (other than through the
receiving Party’s unauthorized disclosure); (b) is under the obligation to be disclosed pursuant to the applicable laws or
regulations, rules of any stock exchange, or orders of the court or other government authorities; or (c) is required to be disclosed
by any Party to its shareholders, investors, legal counsels or financial advisors regarding the transaction contemplated hereunder,
provided that such shareholders, investors, legal counsels or financial advisors shall be bound by the confidentiality obligations
similar to those set forth in this Section. Disclosure of any confidential information by the staff members or agencies hired by
any Party shall be deemed disclosure of such confidential information by such Party, which Party shall be held liable for breach
of this Agreement. This Section shall survive the termination of this Agreement for any reason.

 

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		13.	Governing Law and Resolution of Disputes

 

		13.1	The execution, effectiveness, construction, performance, amendment and termination of this Agreement
and the resolution of disputes hereunder shall be governed by the laws of China.

		13.2	In the event of any dispute with respect to the construction and performance of this Agreement,
the Parties shall first resolve the dispute through friendly negotiations. In the event the Parties fail to reach an agreement
on the dispute within 30 days after either Party's request to the other Parties for resolution of the dispute through negotiations,
either Party may submit the relevant dispute to the China International Economic and Trade Arbitration Commission South China Sub-Commission
for arbitration, in accordance with its Arbitration Rules. The arbitration shall be conducted in Shenzhen, and the language used
in arbitration shall be Chinese. The arbitration award shall be final and binding on all Parties.

 

		13.3	Upon the occurrence of any disputes arising from the construction and performance of this Agreement
or during the pending arbitration of any dispute, except for the matters under dispute, the Parties to this Agreement shall continue
to exercise their respective rights under this Agreement and perform their respective obligations under this Agreement.

 

		14.	Notices

 

		14.1	All notices and other communications required or permitted to be given pursuant to this Agreement shall be delivered personally
or sent by registered mail, postage prepaid, by a commercial courier service or by facsimile transmission to the address of such
party set forth below. A confirmation copy of each notice shall also be sent by E-mail. The dates on which notices shall be deemed
to have been effectively given shall be determined as follows:

 

		14.2	Notices given by personal delivery, by courier service or by registered mail, postage prepaid,
shall be deemed effectively given on the date of receipt or refusal at the address specified for notices.

 

		14.3	Notices given by facsimile transmission shall be deemed effectively given on the date of successful
transmission (as evidenced by an automatically generated confirmation of transmission).

 

		14.4	For the purpose of notices, the addresses of the Parties are as follows:

 

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	 	Party A:	E-Sun Sky Computer (Shenzhen) Co., Ltd.

 

	 	Address:	Shenzhen Nanshan District, Guangdong Bay, Shenzhen Bay science and Technology Park 7 B block 8 story B01 room;

 

		Party B:	Zhang Han

 

	 	Address:	8E, 2 Gillian building, 1116 Lianhua Road, Futian District, Shenzhen, Guangdong

 

	 	Party C:	Shenzhen Youlanguang Technology Co., Ltd.

 

	 	Address:	1-B Complex Building, Sports Center, Shenxianling, City Center, Longgang District, Shenzhen

 

		14.5	Any Party may at any time change its address for notices by a notice delivered to the other Parties
in accordance with the terms hereof.

 

		15.	Severability

 

In the event that one or several of
the provisions of this Contract are found to be invalid, illegal or unenforceable in any aspect in accordance with any laws or
regulations, the validity, legality or enforceability of the remaining provisions of this Contract shall not be affected or compromised
in any respect. The Parties shall strive in good faith to replace such invalid, illegal or unenforceable provisions with effective
provisions that accomplish to the greatest extent permitted by law and the intentions of the Parties, and the economic effect of
such effective provisions shall be as close as possible to the economic effect of those invalid, illegal or unenforceable provisions.

 

		16.	Attachments

 

The attachments set forth herein shall
be an integral part of this Agreement.

 

		17.	Effectiveness

 

		17.1	The Parties has the requisite power and authority to enter into and perform this agreement; the
execution and delivery of, and performance by any Party of its obligations under, this agreement have all been duly authorized
and approved by such Party.

 

		17.2	Any amendments, changes and supplements to this Agreement shall be in writing and shall become
effective upon completion of the governmental filing procedures (if applicable) after the affixation of the signatures or seals
of the Parties.

 

		17.3	This Agreement is written in Chinese and English in three copies. Pledgor, Pledgee and Party C
shall hold one copy respectively. Each copy of this Agreement shall have equal validity. In case there is any conflict between
the Chinese version and the English version, the Chinese version shall prevail.

 

The Remainder
of this page is intentionally left blank

 

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IN WITNESS WHEREOF, the
Parties have caused their authorized representatives to execute this Equity Interest Pledge Agreement as of the date first above
written.

 

	Party A:	E-Sun Sky Computer (Shenzhen) Co., Ltd.
	 	 
	By:	/s/ Yu Bo [seal]

	 
	Name:	Yu Bo	 
	Title: 	Legal Representative	 

 

	Party B:	Zhang Han
	 	 
	By:	/s/ Zhang Han	 

 

	Party C:	Shenzhen Youlanguang Technology Co., Ltd.
	 	 
	By:	/s/ Zhang Han	 
	Name:	Zhang Han	 
	Title: 	Legal Representative	 

 

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Attachments:

 

		1.	Shareholders' Register of Party C;

 

		2.	The Capital Contribution Certificate for Party C;

 

		3.	Exclusive Business Cooperation Agreement.

 

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	 	Strictly ConfidentialExhibit 4.61

 

Undertaking Letter

 

Undertaking Letter

 

To: 500.COM LIMITED
(“500.COM”)

 

Whereas:

 

		A.	500.COM
holds 100% of the equity interest in 500wan HK Limited (“500wan HK”) through its wholly owned subsidiary Fine
Brand Limited;

 

		B.	500wan HK is the shareholder of E-Sun
Sky Computer (Shenzhen) Co., Ltd. (“E-Sun Sky Computer”) and holds 100% of the equity interest in E-Sun Sky
Computer;

 

		C.	E-Sun Sky Computer entered into a Power
of Attorney on Jan 10, 2018 respectively with Zhang Han(Chinese identification No.: 422802198708030014)
and Yu Bo (Chinese identification No.: 420106196805034857) (collectively referred to as the “POA”). Pursuant
to the POA, Zhang Han and Zhang Jing respectively delegate and authorize E-Sun Sky Computer to exercise their voting powers and
all other shareholder rights in respect of Shenzhen Youlanguang Technology Co., Ltd. on their behalf (the “Rights”).

 

		D.	E-Sun Sky Computer issued a Confirmation
Letter to 500wan HK on Jan 10 2018, confirming that, in exercising the Rights under the POA, E-Sun Sky Computer shall obtain the
written resolution or consent from 500wan HK in the manner allowed by the PRC laws, and further acknowledged that 500wan HK will
exercise the Rights in accordance with the instructions from its shareholder or board of directors.

 

Now therefore, with respect to the
exercise of the Rights, the 500wan HK hereby covenants as follows:

 

		1.	500wan HK shall grant consent or give
instructions to E-Sun Sky Computer with respect to the exercise of the Rights in accordance with the instructions of 500.COM. Without
500.COM’s consent, 500wan HK shall not on its own or authorize any party other than 500.COM to grant consent or give instructions
to E-Sun Sky Computer with respect to the exercise of the Rights.

 

		2.	This undertaking letter shall become effective
upon execution, and maintain effective unless the POA is terminated in accordance with the provisions thereof.

 

		3.	The execution, effectiveness, construction,
performance, amendment and termination of this undertaking letter and the resolution of disputes hereunder shall be governed by
the laws of Hong Kong.

 

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Undertaking Letter

 

		4.	This undertaking letter is written in
both Chinese and English language; in case there is any conflict between the Chinese version and the English version, the Chinese
version shall prevail.

 

	500wan HK Limited	 
	 	 
	By: 	[seal]	 
	Name: 	 
	Title: Director	 
	Date: January 10, 2018	 

 

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