Document:

Exhibit 10.5

 

按期申报协议

Timely
Reporting Agreement

 

本按期申报协议(下称“本协议”)由下列各方于2018年6月19日在中华人民共和国(下称“中国”)北京签订:

This Timely Reporting
Agreement (this “Agreement”) has been executed by and among the following parties on June 19,
2018 in Beijing, the People’s Republic of China (“China” or the “PRC”):

 

甲方:中国商务信贷公司,一家依照美国法律设立和存在的公司地址为中国江苏省苏州市吴江中茵大道中茵广场1号;

Party A: China
Commercial Credit, Inc. Delaware, an enterprise, organized and existing under the laws of the United States of America,
with its registered address at No.1 Zhongying Commercial Plaza, Zhong Ying Road, Wujiang, Suzhou, Jiangsu Province,
China;

 

乙方:北京有教科技有限公司,一家依照中国法律设立和存在的有限责任公司,地址为北京市密云区太师屯镇永安街镇政府办公楼415-2351;

Party
B:Beijing Youjiao Technology Limited, a limited liability company organized and existing under the laws of the PRC, with
its address at 415-2351 Zhen Building, Yong An Street,Taishitun
Town, Miyun District, Beijing;

 

鉴于:

Whereas:

 

乙方知晓甲方股票登记在美国证券交易所(“SEC”),其必须向SEC申报各种综合其运营的报告。乙方了解如果甲方未能按期申报报告将对甲方导致重大的损害。

Party B is aware that
Party A’s securities are registered with the US Securities Exchange Commission (“SEC”) and that it must file
various reports with the SEC that consolidate Party A with its own operations. Party B acknowledges that Party A’s failure
to file timely reports may result in material damages for Party A.

 

双方特此商定按照以下条款签订本协议。

The Parties hereby have mutually
agreed to execute this Agreement upon the following terms.

 

乙方同意其有义务使甲方接触到其高管及董事人员,并且及时提供甲方需要的全部信息使得甲方可以按要求向SEC申报所有必要的和规定的报告。

Party B agrees that
it is obligated to make its officers and directors available to Party A and promptly provide all information required by Party
A so that Party A can file all necessary SEC and other regulatory reports as required.

 

本页其余部分刻意留为空白

The Remainder
of this page is intentionally left blank

 

 

    1

     

    

 

有鉴于此,各方已使得经其授权的代表于文首所述日期签署了本协议并即生效,以昭信守。

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

 

甲方:
中国商务信贷公司

Party
A: China Commercial Credit, Inc. Delaware,

	签字:	 	 
	By:	/s/ Long Yi	 
	姓名:	易龙	 
	Name:	Long Yi	 
	职位:	首席财务官	 
	Title: 	Chief Financial Officer	 

 

乙方:
北京有教科技有限公司

Party
B: Beijing Youjiao Technology Limited

	签字:	 	 
	By:	/s/ Aizhen Li	 
	姓名:	李爱珍	 
	Name:	Aizhen Li	 
	职位:	执行董事	 
	Title: 	Executive DirectorExhibit 10.6

 

关于《独家业务合作协议》、《独家购买权合同》、《股权质押协议》、《按期申报协议》、《授权委托书》之终止协议

 

本终止协议(“本协议”)由以下双方于2018年6月19日在北京海淀签署:

 

		(1)	吴江鲈乡信息技术咨询有限公司(下称“鲈乡信息”),一家中国设立的外商独资企业,地址为吴江经济技术开发区云梨路1688号;

 

		(2)	北京有教科技有限公司(下称“北京有教”),一家依照中国法律设立和存在的公司,地址为北京市密云区太师屯镇永安街镇政府办公楼415-2351;

 

鉴于:

 

		(1)	2018年5月10日,各方签署了《独家业务合作协议》、《独家购买权合同》、《股权质押协议》、《按期申报协议》、《授权委托书》等相关文件(“VIE协议”)。

 

		(2)	各方拟终止投资协议的履行。

 

经协商一致,各方同意签署本协议:

 

		1.	VIE协议终止

 

		1.1	VIE协议全部终止;

 

		1.2	各方不再对对方负有任何权力和义务,未执行的条款不再执行。

 

		2.	协议生效

 

本协议自签署之日起,对签署各方产生约束力.

 

		3.	保密

 

		3.1	未经对方书面许可,任何一方不得向第三方(有关法律、法规、政府部门、证券交易所或其它监管机构要求和甲乙双方的法律、会计、商业及其它顾问、授权雇员除外)泄露本协议的条款的任何内容以及本协议的签订及履行情况,以及通过签订和履行本协议而获知的对方及对方关联公司的任何信息。但是为了境外交易之目的,将本协议披露给本次境外交易的其他投资者除外。

 

		3.2	本协议有效期内及终止后2年内,本保密条款仍具有法律效力。

 

     

     

    

 

		4.	违约责任

 

		4.1	违约赔偿。任何一方违反本协议的约定,在收到守约方通知后30个工作日内违约状况仍未改变的,违约方应当赔偿因其违约行为给守约方造成的一切损失、损害、责任、成本或支出,包括但不限于合理的诉讼/仲裁费用、公证费和律师费。

 

		4.2	本协议规定的权利和救济是累积的,并不排斥法律规定的其他权利或者救济。本协议所规定各方的义务是特殊、特定、且非一般性的,因此在任何一方违约时,损害赔偿如不足以弥补损失,非违约方有权要求违约方实际履行。

 

		5.	不可抗力

 

		5.1	不可抗力是指协议各方不能合理控制、不可预见或即使预见亦无法避免的事件,该事件妨碍、影响或延误任何一方根据协议履行其全部或部分义务。该事件包括但不限于政府行为、自然灾害、战争或任何其它类似事件。

 

		5.2	出现不可抗力事件时,知情方应及时、充分地向对方以书面形式发通知,并告知对方该类事件对本协议可能产生的影响,并应当在合理期限内提供相关证明。

 

		5.3	由于以上所述不可抗力事件致使协议的部分或全部不能履行或延迟履行,则协议各方于彼此间不承担任何违约责任。

 

		6.	适用法律及争议解决

 

		6.1	以中华人民共和国法律为本协议的适用法律。

 

		6.2	如果协议各方因本协议或本协议的任何条款的解释或执行而发生争议、索赔或争端(以下总称“争议”),协议各方应一秉善意,及时进行友好协商,以尽量合乎双方意图和目的的方式来解决争议。如果各方无法在三十天内解决此种争议,应将该争端提交仲裁,该种仲裁应当提交北京仲裁委员会根据其现行有效的仲裁规则进行裁决,仲裁裁决具有最终和排它的约束力。

 

		7.	其他

 

		7.1	本协议由各方签字方为有效。

 

		7.2	本协议的任何一方未能及时行使本协议项下的权利不应被视为放弃该权利,也不影响该方在将来行使该权利。

 

		7.3	如果本协议中的任何条款无论因何种原因完全或部分无效或不具有执行力,或违反任何适用的法律,则该条款被视为删除,但本协议的其余条款仍应有效并且有约束力。

 

		7.4	本协议未尽事宜由协议各方友好协商后,以书面形式加以补充,该补充协议与本协议具有同等法律效力。

 

		7.5	本协议附件为本协议不可分割的一部分,与本协议有同等法律效力。

 

		7.6	本协议一式伍份,协议各方各持壹份,具有同等法律效力。

 

(本行以下无正文)

 

 

    2

     

    

 

本页无正文,为《终止协议》之签字页

 

	吴江鲈乡信息技术咨询有限公司	 
	 	 
	授权代表:	/s/
    Long     Yi	 
	 	 	 
	北京有教科技有限公司
	 	 	 
	授权代表:	/s/
    李爱珍	 

 

    3Exhibit 10.7

 

SHARE PURCHASE AGREEMENT

 

This Share Purchase
Agreement (this “Agreement”) is made and entered into as of June 19, 2018 by and among (i) HK
XU DING CO, LIMITED, a private limited company duly organized under the laws of Hong Kong (the “Purchaser”),
(ii) CCCR International Investment Ltd., a business company incorporated in the British Virgin Islands with limited liability
(the “Company”) and (iii) China Commercial Credit, Inc Delaware (the “Seller”).
The Purchaser, the Company and the Seller are sometimes referred to herein individually as a “Party”
and, collectively, as the “Parties”.

 

RECITALS: 

 

WHEREAS, the
Seller owns 100% of the issued and outstanding shares of the Company;

 

WHEREAS, the
Company, via its 100% owned subsidiary CCC International Investment Ltd. (“CCC HK”), a company incorporated
under the laws of the Hong Kong S.A.R. of the PRC, which is the sole shareholder of Wujiang Luxiang Information Technology Consulting
Co. Ltd. (“WFOE”), a limited liability company formed under the laws of the PRC. WFOE, via a series of contractual
arrangements, controls Wujiang Luxiang Rural Microcredit Co., Ltd. (“Wujiang Luxiang”), a PRC company engaged
in the business of providing direct loans and loan guarantees to small-to-medium sized businesses, farmers and individuals in
the city of Wujiang, Jiangsu Province, China. CCC HK is the sole shareholder of Pride Financial Leasing (Suzhou) Co. Ltd (“PFL”),
a PRC company engaged in the financial leasing business in Wujiang, Jiangsu Province, China. WFOE, via another set of contractual
arrangements, controls Beijing Youjiao Technology Limited (“Beijing Youjiao”), a company engaged in the luxury
car rental business.

 

WHEREAS, the
Seller desires to sell to the Purchaser, and the Purchaser desires to purchase from the Seller, all of the Purchased Shares (as
hereinafter defined) in exchange for $500,000 (the “Purchase Price”), subject to the terms and conditions
set forth herein (the “Transaction”); and

  

NOW, THEREFORE,
in consideration of the premises set forth above, which are incorporated in this Agreement as if fully set forth below, and the
representations, warranties, covenants and agreements contained in this Agreement, and intending to be legally bound hereby, the
Parties hereto agree as follows:

 

ARTICLE
I

THE SHARE PURCHASE

 

1.1        Purchase
and Sale of Shares. At the Closing (as hereinafter defined) and subject to and upon the terms and conditions of this Agreement,
the Seller shall sell, transfer, convey, assign and deliver to the Purchaser, and the Purchaser shall purchase, acquire and accept
from the Seller, all of the issued and outstanding shares (being 10 ordinary shares, US$1.00 par value per share) of the Company
(collectively, the “Purchased Shares”), free and clear of all Liens (other than potential restrictions
on resale under applicable securities Laws).

  

1.2        Consideration.
At the Closing and subject to and upon the terms and conditions of this Agreement, the Shareholder shall deliver to the Seller
the Purchase Price.

 

1.3        Company
Shareholder Consent. Seller, as the sole shareholder of the Company, hereby approves, authorizes and consents to the Company’s
execution and delivery of this Agreement and the Ancillary Documents, the performance by the Company of its obligations hereunder
and thereunder and the consummation by the Company of the transactions contemplated hereby and thereby. Seller acknowledges and
agrees that the consent set forth herein is intended and shall constitute such consent of the Seller as may be required (and shall,
if applicable, operate as a written shareholder resolution of the Company) pursuant to the Company Charter, any other agreement
in respect of the Company to which the Seller is a party and all applicable Laws.

 

ARTICLE
II

CLOSING

 

2.1        Closing.
Subject to the satisfaction or waiver of the conditions set forth in Article III, the consummation of the transactions
contemplated by this Agreement (the “Closing”) shall take place at the offices ofHunter Taubman Fischer
& Li LLC, 1450 Broadway, New York, NY 10018, on the third (3rd) Business Day after all the closing conditions to
this Agreement have been satisfied or waived at 10:00 a.m. local time, or at such other date, time or place as the Purchaser and
the Company may agree (the date and time at which the Closing is actually held being the “Closing Date”).

 

    	 	1	 

     

    

 

ARTICLE
III

CLOSING CONDITIONS

 

3.1        Conditions
to Each Party’s Obligations. The obligations of each Party to consummate the transactions described herein shall be
subject to the satisfaction or written waiver (where permissible) by the Seller and the Purchaser of the following conditions:

 

(a)       Requisite
Regulatory Approvals. All Consents required to be obtained from or made with any Governmental Authority in order to consummate
the transactions contemplated by this Agreement shall have been obtained or made.

 

(b)       No
Law. No Governmental Authority shall have enacted, issued, promulgated, enforced or entered any Law (whether temporary, preliminary
or permanent) or Order that is then in effect and which has the effect of making the transactions or agreements contemplated by
this Agreement illegal or which otherwise prevents or prohibits consummation of the transactions contemplated by this Agreement.

 

(c)       No
Litigation. There shall not be any pending Action brought by a third-party non-Affiliate to enjoin or otherwise restrict the
consummation of the Closing.

 

 

3.2        Conditions
to Obligations of the Company and the Seller. In addition to the conditions specified in Section 3.1, the obligations
of the Company and the Seller to consummate the transactions contemplated by this Agreement are subject to the satisfaction or
written waiver (by the Company and the Seller) of the following condition:

 

(a)       Payment
of Purchase Price. At the Closing, Purchaser shall deliver to Seller the Purchase Price by wire transfer or by check to the
Seller in RMB, HK dollars or USD to a bank account designed by Seller.

 

(b)       Fairness
Opinion. Seller’s board of directors (the “Seller’s Board”) shall have received a fairness opinion
from Benchmark Company, LLC (or such other financial advisor as approved by Board).

 

3.3        Conditions
to Obligations of the Purchaser. In addition to the conditions specified in Section 3.1, the obligations of the
Purchaser to consummate the transactions contemplated by this Agreement are subject to the satisfaction or written waiver (by
the Purchaser) of the following conditions:

 

(a)       Share
Certificates and Transfer Instruments. The Purchaser shall have received from Seller certificate representing the Purchased
Shares (or duly executed affidavits of lost stock certificates in form and substance reasonably acceptable to the Purchaser),
together with executed instruments of transfer in respect of the Purchased Shares in favor of the Purchaser (or its nominee) and
in form reasonably acceptable for transfer on the books of the Company.

 

3.4        Frustration
of Conditions. Notwithstanding anything contained herein to the contrary, no Party may rely on the failure of any condition
set forth in this Article III to be satisfied if such failure was caused by such the failure of such Party or
its Affiliates to comply with or perform any of its covenants or obligations set forth in this Agreement.

 

    	 	2	 

     

    

 

ARTICLE
IV

PURCHASER
REPRESENTATIONS AND WARRANTIES

 

 Purchaser hereby
jointly and severally represent and warrant to the Seller as follows:

 

4.1        Due
Organization and Good Standing. The Purchaser is a business company duly incorporated, validly existing and in good standing
under the Laws of British Virgin Islands.

 

4.2        Authorization;
Binding Agreement. The Purchaser has all requisite corporate power and authority to execute and deliver this Agreement, to
perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement
and the consummation of the transactions contemplated hereby (a) have been duly and validly authorized and (b) no other corporate
proceedings, other than as set forth elsewhere in the Agreement, are necessary to authorize the execution and delivery of this
Agreement or to consummate the transactions contemplated hereby. This Agreement has been, and shall be when delivered, duly and
validly executed and delivered by the Purchaser, assuming the due authorization, execution and delivery of this Agreement by the
other parties hereto, and constitutes, or when delivered shall constitute, the valid and binding obligation of the Purchaser,
enforceable against the Purchaserin accordance with its terms, except to the extent that enforceability thereof may be limited
by applicable bankruptcy, insolvency, reorganization and moratorium laws and other laws of general application affecting the enforcement
of creditors’ rights generally or by any applicable statute of limitation or by any valid defense of set-off or counterclaim,
and the fact that equitable remedies or relief (including the remedy of specific performance) are subject to the discretion of
the court from which such relief may be sought (collectively, the “Enforceability Exceptions”).

 

4.3        Governmental
Approvals. No Consent of or with any Governmental Authority, on the part of the Purchaser is required to be obtained or made
in connection with the execution, delivery or performance of this Agreement or the consummation of the transactions contemplated
hereby, other than (a) such filings as may be required in any jurisdiction in which such Party is qualified or authorized to do
business as a foreign corporation in order to maintain such qualification or authorization, (b) such filings as contemplated by
this Agreement, (c) any filings required with NASDAQ with respect to the transactions contemplated by this Agreement, or (d) applicable
requirements, if any, of the Securities Act of 1933, as amended (the “Securities Act”), the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), and/ or any state “blue sky” securities
laws, and the rules and regulations thereunder.

 

4.4        Non-Contravention.
The execution and delivery by the Purchaser of this Agreement and the consummation of the transactions contemplated hereby, and
compliance with any of the provisions hereof, will not (a) conflict with or violate any provision of the Organizational Documents
of such Party (if any), (b) conflict with or violate any Law, Order or Consent applicable to such Party or any of its properties
or assets, or (c) (i) violate, conflict with or result in a breach of, (ii) constitute a default (or an event which, with notice
or lapse of time or both, would constitute a default) under, (iii) result in the termination, withdrawal, suspension, cancellation
or modification of, (iv) accelerate the performance required by such Party under, (v) result in a right of termination or acceleration
under, (vi) give rise to any obligation to make payments or provide compensation under, (vii) result in the creation of any lien
upon any of the properties or assets of such Party under, (viii) give rise to any obligation to obtain any third party consent
or provide any notice to any Person or (ix) give any Person the right to declare a default, exercise any remedy, claim a rebate,
chargeback, penalty or change in delivery schedule, accelerate the maturity or performance, cancel, terminate or modify any right,
benefit, obligation or other term under, any of the terms, conditions or provisions of, any material contract of such Party.

 

ARTICLE
V

COMPANY
REPRESENTATIONS AND WARRANTIES

 

The Company hereby represents
and warrants to the Purchaser as follows:

 

5.1        Due
Organization and Good Standing. The Company is a business company duly incorporated, validly existing and in good standing
under the Laws of British Virgin Islands.

 

5.2        Authorization;
Binding Agreement. The Company has all requisite corporate power and authority to execute and deliver this Agreement, to perform
its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement
and the consummation of the transactions contemplated hereby (a) have been duly and validly authorized and (b) no other corporate
proceedings, other than as set forth elsewhere in the Agreement, are necessary to authorize the execution and delivery of this
Agreement or to consummate the transactions contemplated hereby. This Agreement has been, and shall be when delivered, duly and
validly executed and delivered by the Company, assuming the due authorization, execution and delivery of this Agreement by the
other parties hereto, and constitutes, or when delivered shall constitute, the valid and binding obligation of the Company, enforceable
against the Company in accordance with its terms, except to the extent that enforceability thereof may be limited by the Enforceability
Exceptions.

 

    	 	3	 

     

    

 

5.3        Governmental
Approvals. No Consent of or with any Governmental Authority, on the part of the Company is required to be obtained or made
in connection with the execution, delivery or performance of this Agreement or the consummation of the transactions contemplated
hereby and thereby, other than (a) such filings as may be required in any jurisdiction in which the Company is qualified or authorized
to do business as a foreign corporation in order to maintain such qualification or authorization, (b) such filings as contemplated
by this Agreement, (c) any filings required with NASDAQ with respect to the transactions contemplated by this Agreement, or (d)
applicable requirements, if any, of the Securities Act, the Exchange Act and/ or any state “blue sky” securities laws,
and the rules and regulations thereunder.

 

5.4        Non-Contravention.
The execution and delivery by the Company of this Agreement and the consummation of the transactions contemplated hereby, and
compliance with any of the provisions hereof, will not (a) conflict with or violate any provision of the Organizational Documents
of the Company (if any), (b) conflict with or violate any Law, Order or Consent applicable to the Company or any of its properties
or assets, or (c) (i) violate, conflict with or result in a breach of, (ii) constitute a default (or an event which, with notice
or lapse of time or both, would constitute a default) under, (iii) result in the termination, withdrawal, suspension, cancellation
or modification of, (iv) accelerate the performance required by the Company under, (v) result in a right of termination or acceleration
under, (vi) give rise to any obligation to make payments or provide compensation under, (vii) result in the creation of any lien
upon any of the properties or assets of the Company under, (viii) give rise to any obligation to obtain any third party consent
or provide any notice to any Person or (ix) give any Person the right to declare a default, exercise any remedy, claim a rebate,
chargeback, penalty or change in delivery schedule, accelerate the maturity or performance, cancel, terminate or modify any right,
benefit, obligation or other term under, any of the terms, conditions or provisions of, any material contract of the Company.

 

ARTICLE
VI

TERMINATION AND EXPENSES

 

6.1        Termination.
This Agreement may be terminated and the transactions contemplated hereby may be abandoned at any time prior to the Closing as
follows:

 

(a)       by
mutual written consent of the Purchaser and the Seller; or

 

 

(b)       by
written notice by either the Purchaser or the Seller if a Governmental Authority of competent jurisdiction shall have issued an
Order or taken any other action permanently restraining, enjoining or otherwise prohibiting the transactions contemplated by this
Agreement, and such Order or other action has become final and non-appealable; provided, however, that
the right to terminate this Agreement pursuant to this Section 6.1(b) shall not be available to a Party if the
failure by such Party or its Affiliates to comply with any provision of this Agreement has been a substantial cause of, or substantially
resulted in, such action by such Governmental Authority.

 

6.2        Effect
of Termination. This Agreement may only be terminated in the circumstances described in Section 6.1 and pursuant
to a written notice delivered by the applicable Party to the other applicable Parties, which sets forth the basis for such termination,
including the provision of Section 6.1 under which such termination is made. In the event of the valid termination
of this Agreement pursuant to Section 6.1, this Agreement shall forthwith become void, and there shall be no Liability
on the part of any Party or any of their respective Representatives, and all rights and obligations of each Party shall cease,
and nothing herein shall relieve any Party from Liability for any willful breach of any representation, warranty, covenant or
obligation under this Agreement or any Fraud Claim against such Party, in either case, prior to termination of this Agreement.
Without limiting the foregoing, and except as provided in this Article VI, the Parties’ sole right prior to
the Closing with respect to any breach of any representation, warranty, covenant or other agreement contained in this Agreement
by another Party or with respect to the transactions contemplated by this Agreement shall be the right, if applicable, to terminate
this Agreement pursuant to Section 6.1.

 

    	 	4	 

     

    

 

6.3        Fees
and Expenses. All Expenses incurred in connection with this Agreement and the transactions contemplated hereby shall be paid
by the Party incurring such expenses. As used in this Agreement, “Expenses” shall include all out-of-pocket
expenses (including all fees and expenses of counsel, accountants, investment bankers, financial advisors, financing sources,
experts and consultants to a Party hereto or any of its Affiliates) incurred by a Party or on its behalf in connection with or
related to the authorization, preparation, negotiation, execution or performance of this Agreement or any Ancillary Document related
hereto and all other matters related to the consummation of this Agreement.

 

ARTICLE
VII

RELEASES

 

7.1        Release
and Covenant Not to Sue. Effective as of the Closing, to the fullest extent permitted by applicable Law, the Purchaser, on
behalf of itself and its Affiliates, respectively (the “Releasing Persons”), will release and discharge
the Seller from and against any and all Actions, obligations, agreements, debts and Liabilities whatsoever, whether known or unknown,
both at law and in equity, which such Releasing Person now has, has ever had or may hereafter have against the Seller arising
on or prior to the Closing Date or on account of or arising out of any matter occurring on or prior to the Closing Date, including
any rights to indemnification or reimbursement from Seller, whether pursuant to its Organizational Documents, Contract or otherwise,
and whether or not relating to claims pending on, or asserted after, the Closing Date. From and after the Closing, each Releasing
Person hereby irrevocably covenants to refrain from, directly or indirectly, asserting any Action, or commencing or causing to
be commenced, any Action of any kind against the Seller or its Affiliates, based upon any matter purported to be released hereby.
Notwithstanding anything herein to the contrary, the releases and restrictions set forth herein shall not apply to any claims
a Releasing Person may have against any party pursuant to the terms and conditions of this Agreement or any Ancillary Document.

 

ARTICLE
VIII

SURVIVAL AND INDEMNIFICATION

 

8.1        Survival.
All representations and warranties of the Purchaser contained in this Agreement (including all schedules and exhibits hereto and
all certificates, documents, instruments and undertakings furnished pursuant to this Agreement) shall survive the Closing through
and until the second (2nd) anniversary of the Closing Date; provided, however, that the representations and warranties
contained in Sections 4.1 (Due Organization and Good Standing), 4.2 (Authorization; Binding Agreement) and 4.6 (Ownership), shall
survive indefinitely. Additionally, Fraud Claims against the Purchaser or Shareholder shall survive indefinitely. If written notice
of a claim for breach of any representation or warranty has been given before the applicable date when such representation or
warranty no longer survives in accordance with this Section 8.1, then the relevant representations and warranties shall survive
as to such claim, until the claim has been finally resolved. All covenants, obligations and agreements of the Purchaser contained
in this Agreement (including all schedules and exhibits hereto and all certificates, documents, instruments and undertakings furnished
pursuant to this Agreement), including any indemnification obligations, shall survive the Closing and continue until fully performed
in accordance with their terms. For the avoidance of doubt, a claim for indemnification under any subsection of Section 8.2 other
than clauses (i) or (ii) thereof may be made at any time.

 

8.2        Indemnification
by the Purchaser. Subject to the terms and conditions of this Article VIII, from and after the Closing, the Purchaser and
their respective successors and assigns (with respect to any claim made under this Section 8.2, the “Indemnifying
Parties”) will jointly and severally indemnify, defend and hold harmless the Seller and its Affiliates and their
respective officers, directors, managers, employees, successors and permitted assigns (with respect to any claim made under this
Section 8.2, the “Indemnified Parties”) from and against any and all losses, Actions, Orders, Liabilities,
damages (including consequential damages), diminution in value, Taxes, interest, penalties, Liens, amounts paid in settlement,
costs and expenses (including reasonable expenses of investigation and court costs and reasonable attorneys’ fees and expenses),
(any of the foregoing, a “Loss”) paid, suffered or incurred by, or imposed upon, any Indemnified Party
to the extent arising in whole or in part out of or resulting directly or indirectly from (whether or not involving a Third Party
Claim): (i) the breach of any representation or warranty made by the Purchaser or Shareholder set forth in this Agreement or in
any certificate delivered by the Purchaser or Shareholder pursuant to this Agreement; (ii) the breach of any covenant or agreement
on the part of Purchaser or Shareholder set forth in this Agreement or in any certificate delivered by Purchaser or Shareholder
pursuant to this Agreement; (iii) any Action by Person(s) who were holders of equity securities of the Seller, including options,
warrants, convertible debt or other convertible securities or other rights to acquire equity securities of the Seller, prior to
the Closing arising out of the sale, purchase, termination, cancellation, expiration, redemption or conversion of any such securities;
or (iv) any Fraud Claims.

 

    	 	5	 

     

    

 

8.3        Limitations
and General Indemnification Provisions.

 

(a)       Solely
for purposes of determining the amount of Losses under this Article VIII (and, for the avoidance of doubt, not
for purposes of determining whether there has been a breach giving rise to the indemnification claim), all of the representations,
warranties and covenants set forth in this Agreement (including the disclosure schedules hereto) or any Ancillary Document that
are qualified by materiality or words of similar import or effect will be deemed to have been made without any such qualification.

 

(b)       No
investigation or knowledge by an Indemnified Party its Representatives of a breach of a representation, warranty, covenant or
agreement of an Indemnifying Party shall affect the representations, warranties, covenants and agreements of the Indemnifying
Party or the recourse available to the Indemnified Parties under any provision of this Agreement, including this Article
VIII, with respect thereto.

 

(c)       The
amount of any Losses suffered or incurred by any Indemnified Party shall be reduced by the amount of any insurance proceeds paid
to the Indemnified Party or any Affiliate thereof as a reimbursement with respect to such Losses (and no right of subrogation
shall accrue to any insurer hereunder, except to the extent that such waiver of subrogation would prejudice any applicable insurance
coverage), net of the costs of collection and the increases in insurance premiums resulting from such Loss or insurance payment.

 

8.4        Indemnification
Procedures.

 

(a)       In
order to make a claim for indemnification hereunder, the Seller must provide written notice (a “Claim Notice”)
of such claim to the Indemnifying Parties, which Claim Notice shall include (i) a reasonable description of the facts and circumstances
which relate to the subject matter of such indemnification claim to the extent then known and (ii) the amount of Losses suffered
by the Indemnified Party in connection with the claim to the extent known or reasonably estimable (provided, that the Seller may
thereafter in good faith adjust the amount of Losses with respect to the claim by providing a revised Claim Notice to Indemnifying
Parties).

 

(c)       In
the case of any claim for indemnification under this Article VIII arising from a claim of a third party (including
any Governmental Authority) (a “Third Party Claim”), the Seller must give a Claim Notice with respect
to such Third Party Claim to the Indemnifying Parties promptly (but in no event later than thirty (30) days) after the Indemnified
Party’s receipt of notice of such Third Party Claim; provided, that the failure to give such notice will not
relieve the Indemnifying Party of its indemnification obligations except to the extent that the defense of such Third Party Claim
is materially and irrevocably prejudiced by the failure to give such notice. The Indemnifying Parties will have the right to defend
and to direct the defense against any such Third Party Claim, at its expense and with counsel selected by Indemnifying Parties,
unless (i) the Indemnifying Parties fails to acknowledge fully to the Seller the obligations of the Indemnifying Parties to such
Indemnified Party within twenty (20) days after receiving notice of such Third Party Claim or contests, in whole or in part, its
indemnification obligations therefor or (ii) at any time while such Third Party Claim is pending, (A) there is a conflict of interest
between the Indemnifying Parties and the Seller in the conduct of such defense, (B) the applicable third party alleges a Fraud
Claim or (C) such claim is criminal in nature, could reasonably be expected to lead to criminal proceedings, or seeks an injunction
or other equitable relief against the Indemnified Parties. If the Indemnifying Parties elects, and is entitled, to compromise
or defend such Third Party Claim, it will within twenty (20) days (or sooner, if the nature of the Third Party Claim so requires)
notify the Seller of its intent to do so, and Indemnifying Parties and the Indemnified Party will, at the request and expense
of Indemnifying Parties, cooperate in the defense of such Third Party Claim. If Indemnifying Parties elects not to, or at any
time is not entitled under this Section 8.4 to, compromise or defend such Third Party Claim, fails to notify
the Seller of its election as herein provided or refuses to acknowledge or contests its obligation to indemnify under this Agreement,
the Seller may pay, compromise or defend such Third Party Claim. Notwithstanding anything to the contrary contained herein, the
Indemnifying Parties will have no indemnification obligations with respect to any such Third Party Claim which is settled by the
Indemnified Party or the Seller without the prior written consent of Indemnifying Parties (which consent will not be unreasonably
withheld, delayed or conditioned); provided, however, that notwithstanding the foregoing, the Indemnified
Party will not be required to refrain from paying any Third Party Claim which has matured by a final, non-appealable Order, nor
will it be required to refrain from paying any Third Party Claim where the delay in paying such claim would result in the foreclosure
of a Lien upon any of the property or assets then held by the Indemnified Party or where any delay in payment would cause the
Indemnified Party material economic loss. The Indemnifying Parties’s right to direct the defense will include the right
to compromise or enter into an agreement settling any Third Party Claim; provided, that no such compromise or settlement
will obligate the Indemnified Party to agree to any settlement that requires the taking or restriction of any action (including
the payment of money and competition restrictions) by the Indemnified Party other than the execution of a release for such Third
Party Claim and/or agreeing to be subject to customary confidentiality obligations in connection therewith, except with the prior
written consent of the Seller (such consent to be withheld, conditioned or delayed only for a good faith reason). Notwithstanding
the Indemnifying Parties’s right to compromise or settle in accordance with the immediately preceding sentence, Indemnifying
Parties may not settle or compromise any Third Party Claim over the objection of the Seller; provided, however, that consent by
the Seller to settlement or compromise will not be unreasonably withheld, delayed or conditioned. The Seller will have the right
to participate in the defense of any Third Party Claim with counsel selected by it subject to the Indemnifying Parties’
right to direct the defense.

 

    	 	6	 

     

    

 

(d)       With
respect to any direct indemnification claim that is not a Third Party Claim, the Indemnifying Parties will have a period of thirty
(30) days after receipt of the Claim Notice to respond thereto. If Indemnifying Parties does not respond within such thirty (30)
days, Indemnifying Parties on behalf of Indemnifying Parties will be deemed to have accepted responsibility for the Losses set
forth in such Claim Notice subject to the limitations on indemnification set forth in this Article VIII and will
have no further right to contest the validity of such Claim Notice. If Indemnifying Parties responds within such thirty (30) days
after the receipt of the Claim Notice and rejects such claim in whole or in part, the Seller will be free to pursue such remedies
as may be available under this Agreement, any Ancillary Documents or applicable Law.

 

8.5           Exclusive
Remedy. From and after the Closing, except with respect to Fraud Claims related to the negotiation or execution of this Agreement
or claims seeking injunctions or specific strict performance, indemnification pursuant to this Article VIII shall
be the sole and exclusive remedy for the Parties with respect to matters arising under this Agreement of any kind or nature, including
for any misrepresentation or breach of any warranty, covenant, or other provision contained in this Agreement or in any certificate
or instrument delivered pursuant to this Agreement or otherwise relating to the subject matter of this Agreement, including the
negotiation and discussion thereof.

  

ARTICLE
IX

MISCELLANEOUS

 

9.1        Notices.
All notices, consents, waivers and other communications hereunder shall be in writing and shall be deemed to have been duly given
when delivered (i) in person, (ii) by facsimile or other electronic means, with affirmative confirmation of receipt, (iii) one
Business Day after being sent, if sent by reputable, nationally recognized overnight courier service or (iv) three (3) Business
Days after being mailed, if sent by registered or certified mail, pre-paid and return receipt requested, in each case to the applicable
Party at the following addresses (or at such other address for a Party as shall be specified by like notice):

 

	 	If to the Sellers:	China Commercial Credit, Inc.

                                           Address: 415-2351 Zhen Building,

                                           Yong An Street,Taishitun Town,

                                           Miyun District, Beijing

                                           Attn: Yi Long  

 

    	 	7	 

     

    

 

	 	With a copy to:	Hunter Taubman Fischer & Li LLC

                                           1450 Broadway, 26th Floor

                                           New York, New York 10018

                                           Fax: 212-202-6380

                                           Attn.: Joan Wu, Esq.

	 	 	 
	 	If to the Purchaser:	HK XU DING CO, LIMITED

                                           Address: UNIT 5,27/F., RICHMOND COMM. BLDG.,

                                           109 ARGYLE STREET, MONGKOK,KOWLOON,HK

                                           Attn: Junfeng Liu

 

9.2        Binding
Effect; Assignment. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the
Parties hereto and their respective successors and permitted assigns. This Agreement shall not be assigned by operation of Law
or otherwise without the prior written consent of the Purchaser and the Seller, and any assignment without such consent shall
be null and void; provided that no such assignment shall relieve the assigning Party of its obligations hereunder.

 

9.3        Third
Parties. Nothing contained in this Agreement or in any instrument or document executed by any party in connection with the
transactions contemplated hereby shall create any rights in, or be deemed to have been executed for the benefit of, any Person
that is not a Party hereto or thereto or a successor or permitted assign of such a Party.

  

9.4        Arbitration.
Any and all disputes, controversies and claims (other than applications for a temporary restraining order, preliminary injunction,
permanent injunction or other equitable relief or application for enforcement of a resolution under this Section 9.4)
arising out of, related to, or in connection with this Agreement or the transactions contemplated hereby (a “Dispute”)
shall be governed by this Section 9.4. A party must, in the first instance, provide written notice of any Disputes
to the other parties subject to such Dispute, which notice must provide a reasonably detailed description of the matters subject
to the Dispute. The parties involved in such Dispute shall seek to resolve the Dispute on an amicable basis within ten (10) Business
Days of the notice of such Dispute being received by such other parties subject to such Dispute; the “Resolution Period”); provided,
that if any Dispute would reasonably be expected to have become moot or otherwise irrelevant if not decided within sixty (60)
days after the occurrence of such Dispute, then there shall be no Resolution Period with respect to such Dispute. Any Dispute
that is not resolved during the Resolution Period may immediately be referred to and finally resolved by arbitration pursuant
to the then-existing Expedited Procedures of the Commercial Arbitration Rules (the “AAA Procedures”)
of the American Arbitration Association (the “AAA”). Any party involved in such Dispute may submit the
Dispute to the AAA to commence the proceedings after the Resolution Period. To the extent that the AAA Procedures and this Agreement
are in conflict, the terms of this Agreement shall control. The arbitration shall be conducted by one arbitrator nominated by
the AAA promptly (but in any event within five (5) Business Days) after the submission of the Dispute to the AAA and reasonably
acceptable to each party subject to the Dispute, which arbitrator shall be a commercial lawyer with substantial experience arbitrating
disputes under acquisition agreements. The arbitrator shall accept his or her appointment and begin the arbitration process promptly
(but in any event within five (5) Business Days) after his or her nomination and acceptance by the parties subject to the Dispute.
The proceedings shall be streamlined and efficient. The arbitrator shall decide the Dispute in accordance with the substantive
law of the State of New York. Time is of the essence. Each party shall submit a proposal for resolution of the Dispute to the
arbitrator within twenty (20) days after confirmation of the appointment of the arbitrator. The arbitrator shall have the power
to order any party to do, or to refrain from doing, anything consistent with this Agreement, the Ancillary Documents and applicable
Law, including to perform its contractual obligation(s); provided, that the arbitrator shall be limited to ordering pursuant to
the foregoing power (and, for the avoidance of doubt, shall order) the relevant party (or parties, as applicable) to comply with
only one or the other of the proposals. The arbitrator’s award shall be in writing and shall include a reasonable explanation
of the arbitrator’s reason(s) for selecting one or the other proposal. The seat of arbitration shall be in New York County,
State of New York. The language of the arbitration shall be English.

 

    	 	8	 

     

    

 

9.5        Governing
Law; Jurisdiction. This Agreement shall be governed by, construed and enforced in accordance with the Laws of the State of
New York without regard to the conflict of laws principles thereof. Subject to Section 9.4, all Actions arising out
of or relating to this Agreement shall be heard and determined exclusively in any state or federal court located in New York,
New York (or in any court in which appeal from such courts may be taken) (the “Specified Courts”). Subject
to Section 9.4, each Party hereto hereby (a) submits to the exclusive jurisdiction of any Specified Court for
the purpose of any Action arising out of or relating to this Agreement brought by any Party hereto and (b) irrevocably waives,
and agrees not to assert by way of motion, defense or otherwise, in any such Action, any claim that it is not subject personally
to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that the Action
is brought in an inconvenient forum, that the venue of the Action is improper, or that this Agreement or the transactions contemplated
hereby may not be enforced in or by any Specified Court. Each Party agrees that a final judgment in any Action shall be conclusive
and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by Law. Each Party irrevocably
consents to the service of the summons and complaint and any other process in any other action or proceeding relating to the transactions
contemplated by this Agreement, on behalf of itself, or its property, by personal delivery of copies of such process to such Party
at the applicable address set forth in Section .1. Nothing in this Section 9.5 shall affect the right
of any Party to serve legal process in any other manner permitted by Law.

 

 

9.6        WAIVER
OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY
HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY ACTION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT
OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE OF ANY OTHER PARTY HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF ANY ACTION, SEEK TO ENFORCE THAT FOREGOING WAIVER AND
(B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS,
THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 9.6.

 

9.7        Specific
Performance. Each Party acknowledges that the rights of each Party to consummate the transactions contemplated hereby are
unique, recognizes and affirms that in the event of a breach of this Agreement by any Party, money damages may be inadequate and
the non-breaching Parties may have not adequate remedy at law, and agree that irreparable damage would occur in the event that
any of the provisions of this Agreement were not performed by an applicable Party in accordance with their specific terms or were
otherwise breached. Accordingly, each Party shall be entitled to seek an injunction or restraining order to prevent breaches of
this Agreement and to seek to enforce specifically the terms and provisions hereof, without the requirement to post any bond or
other security or to prove that money damages would be inadequate, this being in addition to any other right or remedy to which
such Party may be entitled under this Agreement, at law or in equity.

 

9.8        Severability.
In case any provision in this Agreement shall be held invalid, illegal or unenforceable in a jurisdiction, such provision shall
be modified or deleted, as to the jurisdiction involved, only to the extent necessary to render the same valid, legal and enforceable,
and the validity, legality and enforceability of the remaining provisions hereof shall not in any way be affected or impaired
thereby nor shall the validity, legality or enforceability of such provision be affected thereby in any other jurisdiction. Upon
such determination that any term or other provision is invalid, illegal or incapable of being enforced, the Parties will substitute
for any invalid, illegal or unenforceable provision a suitable and equitable provision that carries out, so far as may be valid,
legal and enforceable, the intent and purpose of such invalid, illegal or unenforceable provision.

 

    	 	9	 

     

    

 

9.9        Amendment.
This Agreement may be amended, supplemented or modified only by execution of a written instrument signed by the Purchaser and
the Seller.

 

9.10      Waiver.
The Purchaser on behalf of itself and its Affiliates, the Company on behalf of itself and its Affiliates, and the Seller on behalf
of itself, may in its sole discretion (i) extend the time for the performance of any obligation or other act of any other non-Affiliated
Party hereto, (ii) waive any inaccuracy in the representations and warranties by such other non-Affiliated Party contained
herein or in any document delivered pursuant hereto and (iii) waive compliance by such other non-Affiliated Party with any covenant
or condition contained herein. Any such extension or waiver shall be valid only if set forth in an instrument in writing signed
by the Party or Parties to be bound thereby. Notwithstanding the foregoing, no failure or delay by a Party in exercising any right
hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise
of any other right hereunder.

 

9.11      Entire
Agreement. This Agreement and the documents or instruments referred to herein, including any exhibits, annexes and schedules
attached hereto, which exhibits, annexes and schedules are incorporated herein by reference, embody the entire agreement and understanding
of the Parties hereto in respect of the subject matter contained herein. There are no restrictions, promises, representations,
warranties, covenants or undertakings, other than those expressly set forth or referred to herein or the documents or instruments
referred to herein, which collectively supersede all prior agreements and the understandings among the Parties with respect to
the subject matter contained herein.

 

9.12      Interpretation.
The table of contents and the Article and Section headings contained in this Agreement are solely for the purpose of reference,
are not part of the agreement of the Parties and shall not in any way affect the meaning or interpretation of this Agreement.
In this Agreement, unless the context otherwise requires: (a) any pronoun used in this Agreement shall include the corresponding
masculine, feminine or neuter forms, and words in the singular, including any defined terms, include the plural and vice versa;
(b) reference to any Person includes such Person’s successors and assigns but, if applicable, only if such successors and
assigns are permitted by this Agreement, and reference to a Person in a particular capacity excludes such Person in any other
capacity; (c) any accounting term used and not otherwise defined in this Agreement or any Ancillary Document has the meaning assigned
to such term in accordance with GAAP; (d) “including” (and with correlative meaning “include”) means including
without limiting the generality of any description preceding or succeeding such term and shall be deemed in each case to be followed
by the words “without limitation”; (e) the words “herein,” “hereto,” and “hereby”
and other words of similar import in this Agreement shall be deemed in each case to refer to this Agreement as a whole and not
to any particular Section or other subdivision of this Agreement; (f) the word “if” and other words of similar import
when used herein shall be deemed in each case to be followed by the phrase “and only if”; (g) the term “or”
means “and/or”; (h) any reference to the term “ordinary course” or “ordinary course of business”
shall be deemed in each case to be followed by the words “consistent with past practice”; (i) any agreement, instrument,
insurance policy, Law or Order defined or referred to herein or in any agreement or instrument that is referred to herein means
such agreement, instrument, insurance policy, Law or Order as from time to time amended, modified or supplemented, including (in
the case of agreements or instruments) by waiver or consent and (in the case of statutes, regulations, rules or orders) by succession
of comparable successor statutes, regulations, rules or orders and references to all attachments thereto and instruments incorporated
therein; (j) except as otherwise indicated, all references in this Agreement to the words “Section,” “Article”,
“Schedule”, “Exhibit” and “Annex” are intended to refer to Sections, Articles, Schedules,
Exhibits and Annexes to this Agreement; and (k) the term “Dollars” or “$” means United States dollars.
Any reference in this Agreement to a Person’s directors shall including any member of such Person’s governing body
and any reference in this Agreement to a Person’s officers shall including any Person filling a substantially similar position
for such Person. Any reference in this Agreement or any Ancillary Document to a Person’s shareholders shall include any
applicable owners of the equity interests of such Person, in whatever form, including with respect to the Purchaser its shareholders
under the BVI Act or its Organizational Documents. The Parties have participated jointly in the negotiation and drafting of this
Agreement. Consequently, in the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed
as if drafted jointly by the Parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party
by virtue of the authorship of any provision of this Agreement. To the extent that any Contract, document, certificate or instrument
is represented and warranted to by the Company to be given, delivered, provided or made available by the Company, in order for
such Contract, document, certificate or instrument to have been deemed to have been given, delivered, provided and made available
to the Purchaser or its Representatives, such Contract, document, certificate or instrument shall have been posted to the electronic
data site maintained on behalf of the Company for the benefit of the Purchaser and its Representatives and the Purchaser and its
Representatives have been given access to the electronic folders containing such information. 

 

    	 	10	 

     

    

 

9.13      Counterparts.
This Agreement may be executed and delivered (including by facsimile or other electronic transmission) in one or more counterparts,
and by the different Parties hereto in separate counterparts, each of which when executed shall be deemed to be an original but
all of which taken together shall constitute one and the same agreement.

 

ARTICLE
X

DEFINITIONS

 

10.1      Certain
Definitions. For purpose of this Agreement, the following capitalized terms have the following meanings:

 

“Action”
means any notice of noncompliance or violation, or any claim, demand, charge, action, suit, litigation, audit, settlement, complaint,
stipulation, assessment or arbitration, or any request (including any request for information), inquiry, hearing, proceeding or
investigation, by or before any Governmental Authority.

 

“Affiliate”
means, with respect to any Person, any other Person directly or indirectly Controlling, Controlled by, or under common Control
with such Person.

 

“Ancillary
Documents” means each agreement, instrument or document attached hereto as an Exhibit, including the other agreements,
certificates and instruments to be executed or delivered by any of the parties hereto in connection with or pursuant to this Agreement.

 

“Business
Day” means any day other than a Saturday, Sunday or a legal holiday on which commercial banking institutions in
New York, New York are authorized to close for business.

 

“BVI Act”
means the British Virgin Islands Business Companies Act, 2004, as amended.

 

“Company
Charter” means the memorandum and articles of association of the Company, as amended and effective under the BVI
Act.

 

“Company
Ordinary Shares” means the ordinary shares, par value $1.00 per share, of the Company.

 

“Consent”
means any consent, approval, waiver, authorization or Permit of, or notice to or declaration or filing with any Governmental Authority
or any other Person.

 

“Contracts”
means all contracts, agreements, binding arrangements, bonds, notes, indentures, mortgages, debt instruments, purchase order,
licenses, franchises, leases and other instruments or obligations of any kind, written or oral (including any amendments and other
modifications thereto).

 

“Control”
of a Person means the possession, directly or indirectly, of the power to direct or cause the direction of the management and
policies of such Person, whether through the ownership of voting securities, by contract, or otherwise. “Controlled”,
“Controlling” and “under common Control with” have correlative meanings. Without limiting the foregoing
a Person (the “Controlled Person”) shall be deemed Controlled by (a) any other Person (the “10%
Owner”) (i) owning beneficially, as meant in Rule 13d-3 under the Exchange Act, securities entitling such Person
to cast ten percent (10%) or more of the votes for election of directors or equivalent governing authority of the Controlled Person
or (ii) entitled to be allocated or receive ten percent (10%) or more of the profits, losses, or distributions of the Controlled
Person; (b) an officer, director, general partner, partner (other than a limited partner), manager, or member (other than a member
having no management authority that is not a 10% Owner) of the Controlled Person; or (c) a spouse, parent, lineal descendant,
sibling, aunt, uncle, niece, nephew, mother-in-law, father-in-law, sister-in-law, or brother-in-law of an Affiliate of the Controlled
Person or a trust for the benefit of an Affiliate of the Controlled Person or of which an Affiliate of the Controlled Person is
a trustee.

 

    	 	11	 

     

    

 

“Fraud Claim”
means any claim based in whole or in part upon fraud, willful misconduct or intentional misrepresentation.

 

“GAAP”
means generally accepted accounting principles as in effect in the United States of America.

 

“Governmental
Authority” means any federal, state, local, foreign or other governmental, quasi-governmental or administrative
body, instrumentality, department or agency or any court, tribunal, administrative hearing body, arbitration panel, commission,
or other similar dispute-resolving panel or body.

 

“Law”
means any federal, state, local, municipal, foreign or other law, statute, legislation, principle of common law, ordinance, code,
edict, decree, proclamation, treaty, convention, rule, regulation, directive, requirement, writ, injunction, settlement, Order
or Consent that is or has been issued, enacted, adopted, passed, approved, promulgated, made, implemented or otherwise put into
effect by or under the authority of any Governmental Authority.

 

“Liabilities”
means any and all liabilities, indebtedness, Actions or obligations of any nature (whether absolute, accrued, contingent or otherwise,
whether known or unknown, whether direct or indirect, whether matured or unmatured and whether due or to become due), including
tax liabilities due or to become due.

 

“Lien”
means any mortgage, pledge, security interest, attachment, right of first refusal, option, proxy, voting trust, encumbrance, lien
or charge of any kind (including any conditional sale or other title retention agreement or lease in the nature thereof), restriction
(whether on voting, sale, transfer, disposition or otherwise), any subordination arrangement in favor of another Person, any filing
or agreement to file a financing statement as debtor under the Uniform Commercial Code or any similar Law.

 

“NASDAQ”
means the NASDAQ Capital Market.

 

“Order”
means any order, decree, ruling, judgment, injunction, writ, determination, binding decision, verdict, judicial award or other
action that is or has been made, entered, rendered, or otherwise put into effect by or under the authority of any Governmental
Authority.

 

“Organizational
Documents” means, with respect to the Purchaser, the Purchaser Charter, and with respect to any other Party, its
Certificate of Incorporation and Bylaws or similar organizational documents, in each case, as amended.

 

“Person”
means an individual, corporation, partnership (including a general partnership, limited partnership or limited liability partnership),
limited liability company, association, trust or other entity or organization, including a government, domestic or foreign, or
political subdivision thereof, or an agency or instrumentality thereof.

 

“Purchaser
Charter” means the articles of association of the Purchaser, as amended and effective under the BVI Act.

  

“Representative”
means, as to any Person, such Person’s Affiliates and its and their managers, directors, officers, employees, agents and
advisors (including financial advisors, counsel and accountants).

 

“Taxes”
means (a) all direct or indirect federal, state, local, foreign and other net income, gross income, gross receipts, sales, use,
value-added, ad valorem, transfer, franchise, profits, license, lease, service, service use, withholding, payroll, employment,
social security and related contributions due in relation to the payment of compensation to employees, excise, severance, stamp,
occupation, premium, property, windfall profits, alternative minimum, estimated, customs, duties or other taxes, fees, assessments
or charges of any kind whatsoever, together with any interest and any penalties, additions to tax or additional amounts with respect
thereto, (b) any Liability for payment of amounts described in clause (a) whether as a result of being a member of an affiliated,
consolidated, combined or unitary group for any period or otherwise through operation of law and (c) any Liability for the payment
of amounts described in clauses (a) or (b) as a result of any tax sharing, tax group, tax indemnity or tax allocation agreement
with, or any other express or implied agreement to indemnify, any other Person.

 

 

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IN WITNESS WHEREOF, each Party hereto has caused this Agreement
to be signed and delivered by its respective duly authorized officer as of the date first written above.

 

The Purchaser:

 

	HK XU DING CO, LIMITED	 
	a Hong Kong company	 
	 	 
	By:	/s/ Junfeng Liu	 
	 	Name: Junfeng Liu	 
	 	Title: Director	 
	 	 	 
	The Seller:	 
	 	 
	China Commercial Credit, Inc Delaware	 
	a Delaware company	 
	 	 
	By:	/s/ Long Yi	 
	 	Name: Long Yi	 
	 	Title: CFO	 
	 	 	 
	The  Company :	 
	 	 
	CCCR International Investment Ltd.	 
	a British Virgin Islands company	 
	 	 
	By:	/s/ Long Yi	 
	 	Name: Long Yi	 
	 	Title: Director 	 

 

 

13

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