Document:

Exhibit 10.4

 

Power of Attorney

 

The undersigned, ___________, as a holder of RMB___________ of the registered capital (hereinafter referred to as the “Target Shares”) of ___________ (hereinafter referred to as the “Company” or “VIE”), agrees to grant the rights of, in and to my shareholding of the Target Shares in the Company to Beijing Co Wheels Technology Co., Ltd. (hereinafter referred to as “the Authorizee” or “Co Wheels”), and hereby irrevocably authorizes the Authorizee to exercise the following rights within the term of this power of attorney:

 

The Authorizee is authorized to act on behalf of the undersigned and in the undersigned’s name to exercise all the rights of, in and to shareholding of the Target Shares in the Company in accordance with the laws and articles of association of the Company, including, without limitation, proposing to convene shareholders meeting, receiving any notice regarding convention and procedures of shareholders meeting, attending any shareholders meeting of the Company and exercising any and all voting rights as holder of the Target Shares of the Company (including designating and appointing any director, general manager, chief financial officer and any other officer of the Company and making decision regarding dividend and distribution, each as authorized representative of the undersigned at applicable shareholders meeting of the Company), and selling, transferring, encumbering or disposing the Target Shares of the Company held by the undersigned. Without written consent from Co Wheels, the undersigned shall have no right to increase the capital, decrease the capital, transfer, re-encumber or otherwise dispose or change the Target Shares held by the undersigned.

 

The Authorizee has the right to authorize any person unanimously appointed by its board of directors (or the executive director) to exercise the rights granted to the Authorizee under this power of attorney.

 

During the period of this power of attorney, the undersigned hereby waives to exercise any rights attaching to the Target Shares which have been authorized to the Authorizee by this power of attorney in the Company’s capacity as a shareholder and cease to exercise any right thereof on its own behalf.

 

In connection with the authorization under this power of attorney, the undersigned hereby undertakes and warrants that:

 

i.                  The undersigned shall not execute any document or make any commitment with any other party that is in conflict of interests with the agreements executed by the authorized party and under performance. The undersigned shall not take any action or omit to take any action that may result in the conflict of interests between the undersigned and Co Wheels and its shareholders. If such conflict of interest arises (and Co Wheels is entitled to unilaterally determine whether such conflict of interest arises), the undersigned shall take steps to eliminate it as soon as possible in a timely manner subject to Co Wheels’ consent. If the undersigned refuses to take measures to eliminate conflicts of interest, Co Wheels shall have the right to exercise the call option under the equity option agreement and/or the pledge right under the equity pledge agreement.

 

 

 ii.            In the event of the bankruptcy, liquidation, dissolution or termination of VIE, all assets acquired by the undersigned after the bankruptcy, liquidation, dissolution or termination of VIE, including the equity interest of VIE, will be transferred to Co Wheels free of charge or at the lowest price permitted by the then PRC law, or disposed of by the then liquidator for the benefit of Co Wheels’ direct or indirect shareholders and/or creditors.

 

iii.            In the case of death, incapacitation, marriage, divorce, bankruptcy or any other events which may affect the exercise of the equity interest held by the undersigned in VIE, the undersigned shall ensure that my successors (including spouse, children, parents, brothers and sisters, grandparents, and maternal grandparents) or any shareholders or transferees who then hold equity interest in VIE will issue a power of attorney the same as this power of attorney and assume all of rights and obligations hereunder held by the undersigned.

 

iv.           The undersigned will provide sufficient assistance to the Authorizee and/or Co Wheels in obtaining the entrusted rights, including timely execution of the relevant legal documents as necessary (e.g., for purpose the submission of documents required for the approval, registration or filing with governmental authorities or requirements of laws and regulations, regulatory documents, articles of association or orders or orders of other governmental authorities). Upon receipt of a written request from Co Wheels in connection with the exercise of the entrusted rights, the undersigned shall take actions within three (3) days after the receipt of such written request to satisfy the Co Wheels’ request.

 

If any part of this power of attorney shall become invalid or unenforceable due to the mandatory provisions of law, the undersigned will use its best efforts to seek an alternative satisfactory to Co Wheels, and other authorization shall remain in full force and effect.

 

This Power of Attorney shall become effective from the date hereof and completely terminate and replace the Original Power of Attorney executed by the undersigned on           , 20  . This Power of Attorney shall be valid for ten years from the execution date of this power of attorney. Upon the expiration of this power of attorney, the undersigned shall, at the request of Co Wheels, extend the term of this power of attorney.

 

[intentionally left blank below]

 

 

	
Authorizer:
    	
 
    	
 
    
	
Date:                   ,   20   
    	
 
    

 

 

Schedule of Material Differences

 

One or more persons executed Power of Attorney using this form. Pursuant to Instruction ii to Item 601 of Regulation S-K, the Registrant may only file this form as an exhibit with a schedule setting forth the material details in which the executed agreements differ from this form:

 

	
No.
    	
 
    	
Name of VIE
    	
 
    	
Name of Shareholder
    	
 
    	
Target   Shares
   (RMB)
    	
 
    
	
1
    	
 
    	
Beijing CHJ Information   Technology Co., Ltd.
    	
 
    	
Xiang Li
    	
 
    	
266,715,065
    	
 
    
	
2
    	
 
    	
Beijing CHJ Information   Technology Co., Ltd.
    	
 
    	
Leo Group Co., Ltd.
    	
 
    	
68,632,479
    	
 
    
	
3
    	
 
    	
Beijing CHJ Information   Technology Co., Ltd.
    	
 
    	
Zheng Fan
    	
 
    	
31,480,578
    	
 
    
	
4
    	
 
    	
Beijing CHJ Information   Technology Co., Ltd.
    	
 
    	
Shen Yanan
    	
 
    	
15,000,000
    	
 
    
	
5
    	
 
    	
Beijing CHJ Information   Technology Co., Ltd.
    	
 
    	
Tie Li
    	
 
    	
13,749,341
    	
 
    
	
6
    	
 
    	
Beijing CHJ Information   Technology Co., Ltd.
    	
 
    	
Zhi Qin
    	
 
    	
7,500,000
    	
 
    
	
7
    	
 
    	
Beijing CHJ Information   Technology Co., Ltd.
    	
 
    	
Jintang Bao
    	
 
    	
3,000,000
    	
 
    
	
8
    	
 
    	
Beijing CHJ Information   Technology Co., Ltd.
    	
 
    	
Qinghua Liu
    	
 
    	
2,926,807
    	
 
    
	
9
    	
 
    	
Beijing CHJ Information   Technology Co., Ltd.
    	
 
    	
Wei Wei
    	
 
    	
1,819,407
    	
 
    
	
10
    	
 
    	
Beijing CHJ Information   Technology Co., Ltd.
    	
 
    	
Gang Song
    	
 
    	
1,690,287
    	
 
    
	
11
    	
 
    	
Beijing CHJ Information   Technology Co., Ltd.
    	
 
    	
Shanghai Cangu Investment Management Consulting   Service Co., Ltd.
    	
 
    	
21,191,686
    	
 
    
	
12
    	
 
    	
Beijing Xindian   Transport Information Technology Co., Ltd.
    	
 
    	
Xiang Li
    	
 
    	
74
    	
 
    
	
13
    	
 
    	
Beijing Xindian   Transport Information Technology Co., Ltd.
    	
 
    	
Zheng Fan
    	
 
    	
12.92
    	
 
    
	
14
    	
 
    	
Beijing Xindian   Transport Information Technology Co., Ltd.
    	
 
    	
Yanan Shen
    	
 
    	
3.78
    	
 
    
	
15
    	
 
    	
Beijing Xindian   Transport Information Technology Co., Ltd.
    	
 
    	
Tie Li
    	
 
    	
3.46
    	
 
    
	
16
    	
 
    	
Beijing Xindian   Transport Information Technology Co., Ltd.
    	
 
    	
Zhi Qin
    	
 
    	
1.89
    	
 
    
	
17
    	
 
    	
Beijing Xindian   Transport Information Technology Co., Ltd.
    	
 
    	
Qinghua Liu
    	
 
    	
1.09
    	
 
    
	
18
    	
 
    	
Beijing Xindian   Transport Information Technology Co., Ltd.
    	
 
    	
Wei Wei
    	
 
    	
0.46
    	
 
    
	
19
    	
 
    	
Beijing Xindian   Transport Information Technology Co., Ltd.
    	
 
    	
Gang Song
    	
 
    	
0.43
    	
 
    
	
20
    	
 
    	
Beijing Xindian   Transport Information Technology Co., Ltd.
    	
 
    	
Qian Ye
    	
 
    	
0.02
    	
 
    
	
21
    	
 
    	
Beijing Xindian   Transport Information Technology Co., Ltd.
    	
 
    	
Bo Xu
    	
 
    	
1.95Exhibit 10.5

 

Spousal Consent Letter

 

I, ____________ (ID Number: ____________), spouse of ____________ (ID Number: ____________), hereby unconditionally agree: the certain percentage of equity (corresponding to RMB ____________ of registered capital of ____________ (“VIE”), ____________% of the equity interest of VIE, on fully diluted basis, the “Shareholding”) held by my spouse, ____________, registered in the name of whom, shall be disposed of pursuit to the series of Control Documents (including Business Operation Agreement, Exclusive Consultancy and Service Agreement, Equity Option Agreement, Equity Pledge Agreement and Power of Attorney, and their respective revision and amendment from time to time, collectively, “Control Documents”) signed by my spouse on                , 20     .

 

I further guarantee that no action may be taken in the intent to conflict with the abovementioned arrangements, including claiming that the Shareholding constitutes property or joint property between me and my spouse that affects or prevents my spouse from fulfilling the obligations under the Control Documents. I hereby unconditionally and irrevocably waive any rights or interests of the Shareholding that may be granted to me by any applicable law.

 

I hereby acknowledge and agree that the Shareholding held by my spouse as stipulated in the Control Documents shall be vested in my spouse in all circumstances, and my spouse is entitled to pledge, sell or otherwise dispose of it in accordance with the provisions of such agreements without my consent. I further confirm that the performance of my spouse of the Control Documents and of the further modification or termination of the Control Document does not require my extra authorization or consent and that I have never and will never participate in the operation or management of the VIE. Under no circumstances shall I claim any rights in respect of the Shareholding, including but not limited to voting rights, disposition rights and economic benefits (if any) arising therefrom. I hereby undertake to sign all necessary documents and take all necessary actions to ensure that the Control Documents are properly implemented. I agree and undertake that, if I acquire any equity interest of VIE held by my spouse for any reason, I shall be bound by Control Documents and the Exclusive Consultancy and Service Agreement, dated                , 20    , among Beijing Co Wheels Technology Co., Ltd., VIE (the “Exclusive Consultancy and Service Agreement”) and comply with my spouse’s obligations under Control Documents and Exclusive Consultancy and Service Agreement, and for this purpose, Once the claimant under the Control Documents makes request, I shall sign a series of written documents with the same format and content as the Control Documents.

 

I further confirm, promise and guarantee that in the event of death, incapacity, divorce or any other circumstances of my spouse that may affect my spouse’s exercise of shareholder rights in VIE, I and my successor, guardian, creditor or any other person that has right to claim rights or interests of VIE held by my spouse will not in any way in all circumstances take any action that may affect or hinder my spouse from fulfilling the obligations under the Control Documents.

 

[Signature page follows]

 

 

	
[Name of Spouse]
    	
 
    
	
Signature:
    	
 
    	
 
    
	
Date:
    	
               , 20    
    	
 
    

 

 

Schedule of Material Differences

 

One or more Spousal Consent Letters using this form were executed. Pursuant to Instruction ii to Item 601 of Regulation S-K, the Registrant may only file this form as an exhibit with a schedule setting forth the material details in which the executed agreements differ from this form:

 

	
No.
    	
 
    	
Name of VIE
    	
 
    	
Name of
   Shareholder
    	
 
    	
Name of
   Spouse
    	
 
    	
% of
   Shareholder’s
   Equity
   Interest in the
   VIE
    	
 
    	
Subscribed
   Capital in the
   VIE (RMB)
    	
 
    
	
1
    	
 
    	
Beijing CHJ Information   Technology Co., Ltd.
    	
 
    	
Xiang Li
    	
 
    	
Wenjing Liu
    	
 
    	
61.5%
    	
 
    	
266,715,065
    	
 
    
	
2
    	
 
    	
Beijing CHJ Information   Technology Co., Ltd.
    	
 
    	
Zheng Fan
    	
 
    	
Yang Meng
    	
 
    	
7.3%
    	
 
    	
31,480,578
    	
 
    
	
3
    	
 
    	
Beijing CHJ Information   Technology Co., Ltd.
    	
 
    	
Yanan Shen
    	
 
    	
Lin Zhang
    	
 
    	
3.5%
    	
 
    	
15,000,000
    	
 
    
	
4
    	
 
    	
Beijing CHJ Information   Technology Co., Ltd.
    	
 
    	
Tie Li
    	
 
    	
Junfang Song
    	
 
    	
3.2%
    	
 
    	
13,749,341
    	
 
    
	
5
    	
 
    	
Beijing CHJ Information   Technology Co., Ltd.
    	
 
    	
Zhi Qin
    	
 
    	
Qianli Liu
    	
 
    	
1.7%
    	
 
    	
7,500,000
    	
 
    
	
6
    	
 
    	
Beijing CHJ Information   Technology Co., Ltd.
    	
 
    	
Jintang Bao
    	
 
    	
Qiuling Xu
    	
 
    	
0.7%
    	
 
    	
3,000,000
    	
 
    
	
7
    	
 
    	
Beijing CHJ Information   Technology Co., Ltd.
    	
 
    	
Qinghua Liu
    	
 
    	
Ting Liu
    	
 
    	
0.7%
    	
 
    	
2,926,807
    	
 
    
	
8
    	
 
    	
Beijing CHJ Information   Technology Co., Ltd.
    	
 
    	
Wei Wei
    	
 
    	
Yan Xu
    	
 
    	
0.4%
    	
 
    	
1,819,407
    	
 
    
	
9
    	
 
    	
Beijing CHJ Information   Technology Co., Ltd.
    	
 
    	
Gang Song
    	
 
    	
Ying Li
    	
 
    	
0.4%
    	
 
    	
1,690,287
    	
 
    
	
10
    	
 
    	
Beijing Xindian   Transport Information Technology Co., Ltd.
    	
 
    	
Xiang Li
    	
 
    	
Wenjing Liu
    	
 
    	
74.0%
    	
 
    	
74
    	
 
    
	
11
    	
 
    	
Beijing Xindian   Transport Information Technology Co., Ltd.
    	
 
    	
Zheng Fan
    	
 
    	
Yang Meng
    	
 
    	
12.9%
    	
 
    	
12.92
    	
 
    
	
12
    	
 
    	
Beijing Xindian   Transport Information Technology Co., Ltd.
    	
 
    	
Yanan Shen
    	
 
    	
Lin Zhang
    	
 
    	
3.8%
    	
 
    	
3.78
    	
 
    
	
13
    	
 
    	
Beijing Xindian   Transport Information Technology Co., Ltd.
    	
 
    	
Tie Li
    	
 
    	
Junfang Song
    	
 
    	
3.5%
    	
 
    	
3.46
    	
 
    
	
14
    	
 
    	
Beijing Xindian   Transport Information Technology Co., Ltd.
    	
 
    	
Zhi Qin
    	
 
    	
Qianli Liu
    	
 
    	
1.9%
    	
 
    	
1.89
    	
 
    
	
15
    	
 
    	
Beijing Xindian   Transport Information Technology Co., Ltd.
    	
 
    	
Qinghua Liu
    	
 
    	
Ting Liu
    	
 
    	
1.1%
    	
 
    	
1.09
    	
 
    
	
16
    	
 
    	
Beijing Xindian   Transport Information Technology Co., Ltd.
    	
 
    	
Wei Wei
    	
 
    	
Yan Xu
    	
 
    	
0.5%
    	
 
    	
0.46
    	
 
    
	
17
    	
 
    	
Beijing Xindian   Transport Information Technology Co., Ltd.
    	
 
    	
Gang Song
    	
 
    	
Ying Li
    	
 
    	
0.4%
    	
 
    	
0.43
    	
 
    
	
18
    	
 
    	
Beijing Xindian   Transport Information Technology Co., Ltd.
    	
 
    	
Qian Ye
    	
 
    	
Tian Gao
    	
 
    	
*
    	
 
    	
0.02
    	
 
    

 

Note: 

*   Less than 0.1% of the VIE’s total equity interest.

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