Document:

EX-10.8

 Exhibit 10.8 

AMENDED AND RESTATED EXCLUSIVE 

TECHNOLOGY CONSULTING AND SERVICE AGREEMENT 

This Amended and Restated Exclusive Technology Consulting and Service Agreement (this “Agreement”), dated February 9, 2015, is entered
into in Beijing, the People’s Republic of China (the “PRC”) by and among: 
 Party A: Beijing Prosper Investment Consulting
Co., Ltd. 
 Registered Address: Room 8182, 8th Floor on Building 3, 30 Shi Xing Avenue, Shijingshan
District, Beijing 
 Legal Representative: GU Shaofeng 

Party B: Shanghai PPDai Financial Information Service Co., Ltd. 

Registered Address: Room 8102 Building 6, 498 Guo Shou Jing Road, Shanghai Zhangjiang Hi-Tech Park 

Legal Representative: GU Shaofeng 
 Party C: Beijing
Paipairongxin Investment Consulting Co., Ltd. 
 Registered Address: Room 8147, 1 Suzhou Street, Haidian District, Beijing 

Legal Representative: GU Shaofeng 
 (Party A, Party B and Party C
individually, a “Party”; collectively, the “Parties”) 
 WHEREAS: 

 

	1.	Party A is a wholly foreign-owned enterprise duly incorporated and validly existing in the PRC; 

  

	2.	Party B is a limited liability company duly incorporated in the PRC; 

  

	3.	Party C is a limited liability company duly incorporated in the PRC; 

  

	4.	Party A and Party B entered into the Restated Exclusive Technology Consulting and Service Agreement (the “Original Agreement I”) dated January 23, 2014, pursuant to which Party A agreed to
provide Party B with, and Party B agreed to accept, the technology consulting and service provided by Party A; 

  

	5.	Party A and Party C entered into the Restated Exclusive Technology Consulting and Service Agreement (the “Original Agreement II”) dated January 23, 2014, pursuant to which Party A agreed to
provide Party C with, and Party C agreed to accept, the technology consulting and service provided by Party A; and 

  

	6.	The Parties, based on the consensus reached after negotiation, agree to amend and restate the Original Agreement I and the Original Agreement II. This Agreement, upon execution by the Parties, shall supersede the
Original Agreement I and the Original Agreement II and apply to the matters stipulated thereunder. Both the Original Agreement I and the Original Agreement II shall cease to have effect thereafter; 

 NOW, THEREFORE, based on amicable negotiations and the principles of equality and mutual benefits, the
Parties hereby agree as follows: 
  

	1.	Technology Consulting and Service; Sole and Exclusive Rights and Interests 

  

	 	1.1	During the term of this Agreement, Party A agrees to provide Party B and Party C, as their exclusive technology consulting and service provider, with the technology consulting and service set forth in Exhibit I attached
hereto pursuant to the terms and conditions of this Agreement. 

  

	 	1.2	Party B and Party C agree to accept the technology consulting and service provided by Party A during the term of this Agreement. Considering the value of the technology consulting and service provided by Party A and the
sound cooperation relationship among the Parties, Party B and Party C further agree that throughout the term hereof, neither of them will accept any other technology consulting and service with respect to the business operations involved herein from
any third party, unless prior written consent from Party A is obtained. 

  

	 	1.3	Party A shall be the sole and exclusive owner of any and all rights, ownership, interests and intellectual property rights arising from the performance of this Agreement, including without limitation any copyright,
patent, know-how, business secrets and others, whether developed by Party A independently, or by Party B or Party C based on the intellectual property right owned by Party A, or by Party A based on the
intellectual property right owned by Party B/Party C, and neither Party B nor Party C shall claim any rights, ownership, interests or intellectual property rights against Party A. 

 

	 	1.4	If the above development is made by Party A based on the intellectual property right owned by Party B or Party C, then Party B and Party C shall procure that such intellectual property right is free from any defects,
otherwise any loss thus incurred to Party A shall be borne by Party B and Party C. If Party A has to assume indemnification liability for any third party in connection therewith, Party A may, after making such indemnification, recover its entire
loss incurred therefrom against Party B or Party C. 

  

	 	1.5	Given the sound cooperation relationship between the Parties, Party B and Party C undertake that any of their proposed business cooperation with other parties the same or similar to those stipulated hereunder must
obtain Party A’s consent, and Party A and its affiliates shall have preemptive right to cooperation with Party B and Party C under equal conditions. 

  

	2.	Calculation and Payment of the Fee for Technology Consulting and Service (the “Fee”) 

  

	 	2.1	The Parties agree that the Fee under this Agreement shall be determined and paid in accordance with Exhibit II attached hereto. 

  

	 	2.2	If Party B and Party C fail to pay the Fee and other expenses as provided hereunder, they shall pay Party A an additional amount equal to 0.05% of their respective delinquent amounts per day as penalty.

  

	 	2.3	Party A may, at its own expenses, designate its employee or a CPA registered in the PRC or other countries (“Party A’s Authorized Representative”) to check the accounts of Party B and Party C and
review the amount and calculation method of the Fee. To that end, Party B and Party C shall provide the documents, accounts, records, data, among others required by Party A’s Authorized Representative to review the accounts of Party B and Party
C and determine the amount of the Fee. The amount of the Fee shall be the one determined by Party A’s Authorized Representative, unless major errors exist. 

  
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	 	2.4	Unless otherwise agreed among the Parties, the Fee paid by Party B and Party C to Party A pursuant to this Agreement shall not be subject to any deduction or offsetting. Party B and Party C shall bear their own expenses
arising from their respective payment of the Fee (such as bank processing fee, among others.) 

  

	 	2.5	In addition to the Fee, Party B and Party C shall also pay the out-of-pocket expenses incurred by Party A in connection with the provision
of the consulting and service hereunder, including without limitation the cost of traveling, transportation, printing and mailing. 

  

	 	2.6	The Parties agree that all economic losses arising as a result of the performance of this Agreement shall be jointly undertaken by and among the Parties. 

 

	3.	Representations and Warranties 

  

	 	3.1	Party A hereby represents and warrants that: 

  

	 	3.1.1.	it is a company duly registered and validly existing under the laws of the PRC; 

  

	 	3.1.2.	its performance of this Agreement is within the scope of its corporate power and business; it has obtained appropriate authorization and necessary consent and approvals from third parties and government agency, and
execution of this Agreement will not constitute a breach of any law or contract by which it is bound or affected; and 

  

	 	3.1.3.	this Agreement, once executed, will constitute a legal, valid, binding, and enforceable legal document for Party A. 

  

	 	3.2	Party B hereby represents and warrants that: 

  

	 	3.2.1.	it is a company duly registered and validly existing under the laws of the PRC; 

  

	 	3.2.2.	its performance of this Agreement is within the scope of its corporate power and business; it has taken necessary corporate actions and obtained appropriate authorization and necessary consent and approvals from third
parties and government agency, and execution of this Agreement will not constitute a breach of any law or contract by which it is bound or affected; and 

  

	 	3.2.3.	this Agreement, once executed, will constitute a legal, valid and binding obligation of Party B enforceable against it in accordance with its terms. 

 

	 	3.3	Party C hereby represents and warrants that: 

  

	 	3.3.1.	it is a company duly registered and validly existing under the laws of the PRC; 

  
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	 	3.3.2.	its performance of this Agreement is within the scope of its corporate power and business; it has obtained appropriate authorization and necessary consent and approvals from third parties and government agency, and
execution of this Agreement will not constitute a breach of any law or contract by which it is bound or affected; and 

  

	 	3.3.3.	this Agreement, once executed, will constitute a legal, valid, binding, and enforceable legal document for Party C. 

  

	4.	Confidentiality 

  

	 	4.1	The Parties agree to take all reasonably best efforts to keep in confidence any confidential information and materials (“Confidential Information,” which shall be expressly identified as confidential in
writing when provided by the providing Party) that it may be aware of or have access to in connection with its execution and performance of this Agreement. None of the Parties shall disclose, offer or transfer any Confidential Information to any
third party without prior written consent from the providing Party of such Confidential Information (including under the circumstances where the receiving Party of the Confidential Information is to merge with, into or be directly or indirectly
controlled by any third party). Upon termination of this Agreement, the Parties shall return any and all documents, materials or software containing any Confidential Information to the owner or providing Party of such Confidential Information, or
destroy it after the consent of such owner or providing Party, including deleting any Confidential Information from any memory devices, and cease to use such Confidential Information. The Parties shall take necessary measures to disclose the
Confidential Information only to the employees, agents or professional consultants of Party B and Party C on a “need to know” basis, and cause such employees, agents or professional consultants of Party B and Party C to comply with the
confidentiality obligations hereunder. Party A shall execute separate confidentiality agreements with Party B, Party C, and their respective employees, agents or professional consultants, respectively. 

 

	 	4.2	The above restrictions shall not apply to the materials that: 

  

	 	4.2.1	have become publicly available at the time of disclosure; 

  

	 	4.2.2	have become publicly available after disclosure not due to a fault of the receiving Party of the Confidential Information; 

  

	 	4.2.3	the receiving Party of the Confidential Information is able to prove that such materials have been in the possession of the receiving Party prior to the disclosure and are not directly or indirectly obtained from the
providing Party of the Confidential Information; or 

  

	 	4.2.4	the receiving Party of the Confidential Information is obliged to disclose to relevant government authority, stock exchange, among others, as required by law, or that the receiving Party of the Confidential Information
has a normal business need to disclose to its legal counsel and financial advisor. 

  

	 	4.3	The Parties agree that this Article 4 will survive any change, termination or expiration of this Agreement. 

  
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	5.	Indemnification 

  

	 	5.1	Except otherwise provided herein, a Party shall constitute a default hereunder if it fails to fully perform or suspends the performance of its obligations hereunder, and fails to rectify and correct such breach within
ten (10) days upon its receipt of a notice from the other Parties, or any of its representations or warranties made hereunder fails to be true. 

  

	 	5.2	If any Party breaches any provision of this Agreement or any of its representations and warranties made hereunder, the non-defaulting Party may notify the defaulting Party in
writing and request it to rectify and correct such breach, take corresponding measures to effectively and timely prevent the damages, and continue the performance of this Agreement within ten (10) days upon its receipt of such notice. The
defaulting Party shall indemnify the non-defaulting Party for any loss thus brought by such breach to ensure that the non-defaulting Party may obtain all benefits
entitled by it for its performance of this Agreement. 

  

	 	5.3	The defaulting Party shall indemnify the non-defaulting Party for any expenses, liabilities or losses (including without limitation any loss on company profit) suffered as a
result of the defaulting Party’s breach of this Agreement (including without limitation any interest and attorney’s fee paid or lost due to the default), for an aggregate amount equal to the amount of the loss incurred by such breach. Such
indemnification shall include the benefits that should have been obtained by the non-defaulting Party in the normal performance of this Agreement by the Parties, provided that such indemnification shall not
exceed the loss that is reasonably expected to incur due to breach when entering this Agreement. 

  

	 	5.4	Party B or Party C shall undertake full responsibility for any claims made by any third party as a result of the failure by Party B or Party C to conduct its business as instructed by Party A or improper use of Party
A’s intellectual property right or improper technical operations. Party B or Party C shall immediately notify Party A of any unauthorized use of Party A’s intellectual property right by a third party, and assist Party A in taking any
action in response thereto. 

  

	 	5.5	If all Parties are in breach of this Agreement, the amount of indemnification payable by each Party shall be determined according to the severity of their respective breach. 

 

	6.	Effectiveness, Performance and Term 

  

	 	6.1	This Agreement shall be executed and come into effect as of the date first set forth above. 

  

	 	6.2	This Agreement is written in Chinese in four (4) counterparts. 

  

	 	6.3	Unless otherwise terminated in advance by Party A, this Agreement shall remain valid until Party B and Party C are dissolved in accordance with the PRC laws. The Parties shall extend the term of this Agreement for
continued performance, or execute a separate exclusive technology consulting and service agreement, at the request and election of Party A prior to the expiration of this Agreement. 

  
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	7.	Termination 

  

	 	7.1	This Agreement shall be terminated on the date of expiration of this Agreement, unless otherwise renewed in accordance with relevant provisions hereof. 

 

	 	7.2	The Parties may terminate this Agreement upon mutual consultation. During the term hereof, neither Party B nor Party C may terminate this Agreement earlier without Party A’s written consent. Notwithstanding the
foregoing, Party A shall always have the right to terminate this Agreement by serving a thirty (30) days’ prior written notice to Party B and Party C and their shareholders. 

 

	 	7.3	The rights and obligations of the Parties under Articles 4 and 5 hereof will survive termination of this Agreement. 

  

	8.	Dispute Resolution 

  

	 	8.1	The Parties hereto shall strive to settle any dispute arising from the interpretation or performance of the terms under this Agreement through friendly consultation. In case no settlement can be reached through
consultation, any Party may submit such dispute to Shanghai International Economic and Trade Arbitration Commission for arbitration in accordance with its then effective rules. The arbitration shall take place in Shanghai and the language of the
arbitration shall be Chinese. The arbitration award shall be final and binding upon all the Parties. This Article shall survive the termination or dissolution of this Agreement. 

 

	 	8.2	Except for the matters in dispute, the Parties shall continue performing their respective obligations in good faith in accordance with the terms of this Agreement. 

 

	9.	Force Majeure 

  

	 	9.1	An “Event of Force Majeure” shall refer to any event that is beyond the reasonable control of a Party so affected and cannot be prevented with reasonable care, including but not limited to governmental
acts, act of God, fire, explosion, storm, flood, earthquake, tide, lightning or war, provided however that any shortage of credit, capital or financing shall not be deemed as an event beyond the reasonable control of a Party. The Party affected by
the Event of Force Majeure (the “Affected Party”) shall be exempted in whole or in part from any liability according to the impact of such Event of Force Majeure on this Agreement. The Affected Party seeking to be exempted from the
responsibility hereunder shall notify such Event of Force Majeure to the other Parties no later than ten (10) days upon the occurrence thereof, and the Parties shall negotiate to amend this Agreement and exempt the Affected Party from part or
all of its obligations hereunder based on the impacts of such Event of Force Majeure. 

  

	 	9.2	The Affected Party shall take appropriate measures to minimize or eliminate the adverse impacts therefrom and strive to resume the performance of the obligations so delayed or interrupted. The Parties agree to use their
best efforts to resume the performance of this Agreement once the said Event of Force Majeure disappears. 

  
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	10.	Notices 

 All notices given by any Party in connection with the performance of this
Agreement shall be made in writing and delivered in person, or by registered mail, postage prepaid mail, generally accepted courier service or facsimile to the following addresses of the relevant Party or Parties: 

If to Party A: Beijing Prosper Investment Consulting Co., Ltd. 

Address: 1F Building 8, 498 Guo Shou Jing Road, Pudong New Area, Shanghai 

Telephone: 021-51870819 

Attention: ZHANG Jun 
 If to
Party B: Shanghai PPDai Financial Information Service Co., Ltd. 
 Address: 1F Building 8, 498 Guo Shou Jing Road, Pudong New Area,
Shanghai 
 Telephone: 021-51870819 

Attention: ZHANG Jun 
 If to
Party C: Beijing Paipairongxin Investment Consulting Co., Ltd. 
 Address: 1F Building 8, 498 Guo Shou Jing Road, Pudong New Area,
Shanghai 
 Telephone: 021-51870819 

Attention: ZHANG Jun 
  

	11.	Assignment 

 None of the Parties may assign its rights or obligations under this
Agreement to any third party without the prior written consent of the other Parties, provided that Party A may delegate its obligations hereunder to any of its affiliates. For the purposes of this Agreement, such “affiliate” shall mean an
entity that controls or is controlled by Party A, or an entity that is under the common control with Party A by another third party. For the purposes of this Article, “control” shall mean the power an entity has to decide and/or influence,
directly or indirectly, the operations and management of another enterprise, whether through ownership of shares of the controlled entity, or by contractual arrangement with such controlled entity. 

 

	12.	Severability 

 The Parties hereby acknowledge that this Agreement is a fair and
reasonable agreement entered into by and among them on the basis of equality and mutual benefits. If any provision of this Agreement is void, invalid or unenforceable due to its inconsistency with relevant laws, such provision shall be void, invalid
or unenforceable only to the extent governed by such law, and the validity, legality and enforceability of the other provisions hereof shall not be affected or impaired. 
  

	13.	Amendment and Supplement to Agreement 

 Any amendment and supplement to this Agreement
shall be made in writing by the Parties. Any instrument of such amendment and supplement duly executed by the Parties shall be deemed a part of this Agreement and shall have the same legal effect as this Agreement. 

  
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	14.	Governing Law 

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

	15.	Entire Agreement 

 Except for the written amendment, supplement or change made to this
Agreement after the execution of this Agreement, this Agreement shall constitute the entire agreement entered into by the Parties with respect to the subject matters hereof and fully supersede all prior verbal or written negotiations, statements and
agreements with respect to the subject matters hereof. 
 IN WITNESS THEREOF the Parties have caused this Agreement to be duly executed on their behalf by a
duly authorized representative as of the date first set forth above. 
 (No text below in this page) 

  
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 (This page contains no body text and is the signature page of the Amended and Restated Exclusive Technology
Consulting and Service Agreement) 
 Party A: Beijing Prosper Investment Consulting Co., Ltd. (Seal) 

/s/ Gu Shaofeng 
 Legal or Authorized Representative 

/s/ Seal of Beijing Prosper Investment Consulting Co., Ltd. 

Party B: Shanghai PPDai Financial Information Service Co., Ltd. (Seal) 

/s/ Gu Shaofeng 
 Legal or Authorized Representative 

/s/ Seal of Shanghai PPDai Financial Information Service Co., Ltd. 

Party C: Beijing Paipairongxin Investment Consulting Co., Ltd. (Seal) 

/s/ Gu Shaofeng 
 Legal or Authorized Representative 

/s/ Seal of Beijing Paipairongxin Investment Consulting Co., Ltd. 

  
 Signature Page of the
Amended and Restated Exclusive Technology Consulting and Service Agreement 

 Exhibit I 

List of Technical Consulting and Services 
  

	(1)	research and development services; 

  

	(2)	website design and design, installation, debugging and maintenance services for computer network systems; 

  

	(3)	database support and software services; 

  

	(4)	consulting services on economic information, project investment, technology information, enterprise management, and etc.; 

  

	(5)	pre-post and on-job training services of personnel; 

  

	(6)	technology development, consulting and technology transfer services; 

  

	(7)	public relations services; 

  

	(8)	market survey and research services; 

  

	(9)	medium and short term market development and market planning services; and 

  

	(10)	various technological services. 

 Exhibit I List of Technology Consulting and Services 

 Exhibit II 

Calculation and Payment Method of Technology Consulting and Services Fee 

 

	I	The amount of the Fee under this Agreement shall be 100% of the respective net monthly income of Party B and Party C. 

  

	II	Party A will calculate the Fee on a quarterly basis and within thirty (30) days upon the first day of each quarter, serve Party B and Party C with the Fee statement of the previous quarter and a notice to them
respectively. Party B and Party C will pay such Fee to Party A’s designated bank account within ten (10) working days upon the receipt of such notice, and fax or mail the photocopy of the payment proof within ten (10) working days
after the payment is completed. 

  

	III	If Party A believes that the service price determination mechanism agreed herein will not continue to apply and shall be subject to adjusted for certain reason, Party A shall promptly notify Party B and Party C in
writing, and such written notice shall become effective upon its delivery to Party B and Party C. 

 Exhibit II Calculation and
Payment Method of Technology Consulting and Services FeeEX-10.9

 Exhibit 10.9 

RESTATED OPTION AGREEMENT 
 This Restated
Option Agreement (this “Agreement”), dated January 23, 2014, is entered into in Beijing, the People’s Republic of China (the “PRC”) by and among: 

Party A: Beijing Prosper Investment Consulting Co., Ltd. 

Registered Address: Room 1622A, Building 3, 3 Xi Jing Road, Badachu High-tech Park, Shijingshan District, Beijing 

Legal Representative: GU Shaofeng 
 Party B: 

Name: GU Shaofeng 
 ID Card No.: ****************** 

Domicile: ***, Pudong New Area, Shanghai 
 Name: HU Honghui 

ID Card No.: ****************** 
 Domicile: ***, Zhabei District,
Shanghai 
 Name: LI Tiezheng 
 ID Card No.: ******************

 Registered Address: ***, Minhang District, Shanghai 
 Name:
LUO Wei 
 ID Card No.: ****************** 
 Domicile: ***,
Chaoyang District, Beijing 
 Name: ZHANG Jun 
 ID Card No.:
****************** 
 Domicile: ***, Putuo District, Shanghai 

Party C: Beijing Paipairongxin Investment Consulting Co., Ltd. 

Registered Address: Room 6339, 6F Haiyu Commercial Tower, 46 Fu Cheng Road, Haidian District, Beijing 

Legal Representative: GU Shaofeng 
 (Party A, Party B and Party C
individually, a “Party”; collectively, the “Parties”) 
 WHEREAS: 

 

	1.	Party A is a wholly foreign-owned enterprise duly established and validly existing under the PRC laws. 

  

	2.	Party C is a limited liability company duly established under the PRC laws. 

  

	3.	Each constituent person of Party B (each a “Grantor” and together the “Grantors”) directly owns equity interest in Party C, 59.37% held by GU Shaofeng, 11.26% held by HU Honghui,
4.21% held by LI Tiezheng, 13.58% held by LUO Wei and 11.58% held by ZHANG Jun. 

	4.	The Parties entered into the Restated Equity Pledge Agreement dated January 23, 2014. 

  

	5.	The Parties entered into the Option Agreement dated September 13, 2012 (the “Original Agreement”), pursuant to which Party B proposes to grant Party A or an eligible entity designated by
Party A with an exclusive option to purchase, subject to the requirements imposed by the PRC laws, all or part of the equity interests/assets of Party C held by one or all constituent persons of Party B at any time. 

 

	6.	The Parties, based on the consensus reached through negotiation, agree to amend and restate the Original Agreement, and this Agreement, upon execution by the Parties, will supersede the Original Agreement and
apply to the matters stipulated thereunder. The Original Agreement shall cease to have effect thereafter; 

 NOW, THEREFORE, the Parties
hereby agree as follows: 
  

	1.	Grant of Option 

  

	 	1.1	Grant 

 The Grantors agree to irrevocably grant, on the execution date of this Agreement, Party
A with an option (the “Option”) to purchase, or cause a third party designated by Party A to purchase, all of the equity interests held by the Grantors in Party C by installments or in one go in the manner stipulated in
Section 2.2 hereof. This Agreement, once executed by the Parties, grants Party A such Option, and the Option, once so granted, shall be irrevocable throughout the term of this Agreement. 

 

	 	1.2	Term 

 This Agreement shall become effective as of the execution date hereof, and terminate when
Party A purchases, to the extent permissible by the PRC laws, all of the equity interests held by the Grantors in Party C. 
  

	2.	Exercise of Option and Closing 

  

	 	2.1	Time of Exercise 

  

	 	2.1.1	The Grantors unanimously agree that to the extent permissible by the PRC laws, Party A may exercise the Option hereunder in whole or in part at any time throughout the term of this Agreement. 

 

	 	2.1.2	The Grantors unanimously agree that Party A may exercise the Option for an unlimited number of times unless and until it has purchased all of the equity interests in Party C. 

 

	 	2.1.3	The Grantors unanimously agree that Party A may designate a third party to exercise the Option, provided that a prior written notice shall be sent to the Grantors. 

  
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	 	2.2	Exercise Price 

 Unless a valuation is required by the PRC laws effective at the time of
exercise by Party A or its designated third party, the consideration for the purchase of the equity interests shall be equal to the amount of capital contribution made by the Grantors to the paid-in registered
capital of Party C in respect of the purchased equity interests. Except otherwise agreed by the Parties, the Grantors unanimously agree that the full amount of the exercise price received by the Grantors as at and in connection with the exercise of
Option by Party A or its designated third party shall be immediately given to Party A or its designated third party for free of charge. 
  

	 	2.3	Transfer 

 The Grantors unanimously agree that the Option Party A owns hereunder may be
transferred in whole or in part to a third party without otherwise approved by the Grantors, and such third party receiving the Option shall be deemed as a party hereto, and may exercise the Option it received pursuant to this Agreement, and enjoy
and assume Party A’s rights and obligations hereunder. 
  

	 	2.4	Exercise Notice 

  

	 	2.4.1	Party A may exercise the Option by serving a written notice to the Grantors ten (10) working days before the Closing Date (as defined below). Such notice shall specify the following provisions: 

 

	 	(a)	the effective closing date of the equity interests after the exercise of the Option, i.e. the date on which an official application for shareholding change registration is submitted to relevant Administration for
Industry and Commerce (the “Closing Date”); 

  

	 	(b)	the name to be registered as holder of the equity interests after the exercise of the Option; 

  

	 	(c)	the number of equity interests purchased from the Grantors; 

  

	 	(d)	exercise price and manner of payment; and 

  

	 	(e)	power of attorney (if exercised by a third party). 

  

	 	2.4.2	The Parties agree that Party A may at any time designate a third party to exercise, accept the Option and be registered as owner of the equity interests in such third party’s name. The Grantors agree that as long
as Party A or its designated third party requests the exercise of the Option, the Grantors must, within ten (10) working days upon the receipt of such exercise notice, execute an equity interest transfer agreement and other relevant documents in
accordance with such exercise notice and the provisions of this Agreement. 

  

	 	2.5	Transfer of Equity Interest and the Closing 

  

	 	2.5.1	At each exercise of the Option, the Grantors shall, within ten (10) working days upon the receipt of the exercise notice sent by Party A pursuant to Section 2.4 hereof, 

  
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	 	(a)	cause Party C to promptly convene a shareholders’ meeting, at which a resolution shall be adopted to approve the transfer of the equity interests by the Grantors to Party A and/or its designated third party; and

  

	 	(b)	execute all the contracts, agreements or documents, obtain all government approvals and consents, and take all actions that are necessary to (i) transfer to Party A and/or its designated third party the ownership
of and all rights attached to the equity interest designated to be purchased by Party A free from any security interest (except the pledge under the Equity Interest Pledge Agreement), (ii) cause Party A and/or its designated third party to be
registered as the owner of the purchased equity interest at the Administration for Industry and Commerce, and (iii) deliver to Party A or its designated third party the latest business license, articles of association, approval certificate (if
applicable) and other relevant documents issued or filed for record by relevant PRC authority that reflect the change in shareholding structure, directors and legal representative of Party C (if applicable). 

 

	3.	Representations, Warranties and Undertakings 

  

	 	3.1	The Grantors hereby jointly and severally represent and warrant that: 

  

	 	3.1.1.	as of the execution date hereof and each Closing Date, each of the Grantors has the power, right, authority and capacity to execute and deliver this Agreement and any equity interest transfer agreement (the
“Transfer Agreement”) executed in connection with each transfer of the equity interest contemplated hereunder to which it is a party, and perform its obligations under this Agreement and any Transfer Agreement. Once executed, this
Agreement and the Transfer Agreement to which it is a party will constitute its legal, valid and binding obligation and enforceable against it in accordance with its terms; 

 

	 	3.1.2.	Neither the execution and delivery of this Agreement nor the fulfillment of any of each Grantor’s obligations hereunder and under any Transfer Agreement will: (i) result in a violation of any applicable PRC
laws and regulations; (ii) conflict with the articles of association or any other organizational documents of Party C; (iii) result in a breach of any agreement or instrument to which it is a party or by which it is bound, or constitute a
breach thereunder; (iv) result in a violation of any permit or approval issued to it by competent authority; or (v) cause any of its permits or approvals issued by competent authority to be suspended, canceled or imposed with additional
conditions; 

  

	 	3.1.3.	there are currently no pending or threatened litigations, arbitrations or other judicial or administrative proceedings that may materially affect the performance of this Agreement or any Transfer Agreement;

  

	 	3.1.4.	each Grantor has good and marketable ownership of all of the equity interests in Party C. Except for the pledge under the Restated Equity Interest Pledge, the equity interests held by the Grantors in Party C are free
from any other pledge, liabilities or other third party encumbrances; 

  
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	 	3.1.5.	the Grantors have disclosed to Party A all circumstances that may have material adverse effect on the performance of this Agreement; and 

 

	 	3.1.6.	the Option is granted by the Grantors to Party A on an exclusive basis and no other third party option or similar rights are granted by the Grantors in any other manner prior to or concurrently with the grant of Option
to Party A hereunder. 

  

	 	3.2	The Grantors hereby jointly and severally undertake that: 

  

	 	3.2.1.	none of them will create any pledge, liabilities or other third party encumbrances on the equity interests they hold in Party C (for the benefits of a third person other than the Parties), nor will they transfer, give
away or otherwise dispose of the equity interests they hold to a third person other than the Parties hereto; 

  

	 	3.2.2.	none of them will grant any other third party with an option or a similar right in any other manner throughout the term of this Agreement; 

 

	 	3.2.3.	throughout the term hereof, the Grantors will cause and procure that Party C conducts its business in compliance with the applicable laws, regulations, rules and other management rules and documents promulgated by
government authorities, and there is no violation of the foregoing stipulation that may have material adverse effect on the business conduct or assets of the company; 

 

	 	3.2.4.	they will follow the sound financial and commercial standards and practices to maintain the valid existence of Party C, diligently and effectively carry out its business and deal with its matters, use best efforts to
obtain and maintain the permits, licenses and approvals necessary for its continued operation, and make sure that such permits, licenses and approvals will not be canceled, withdrawn or declared invalid; 

 

	 	3.2.5.	they will provide Party A with all materials relating to Party C’s operations and financial matters upon its request; 

  

	 	3.2.6.	unless and until Party A (or its designated third party) has exercised the Option to acquire all equity interests or assets of Party C, except with an express written consent from Party A (or its designated third
party), none of the Grantors may, jointly or severally: 

  

	 	(a)	supplement, change or amend the articles of association of Party C in any way that may have material adverse effect on the assets, liabilities, operations, equity and other legitimate rights of Party C (other than the
corresponding pro-rata capital increase to satisfy the requirements of law) or may affect the effective performance of this Agreement and such other agreements entered into by and between Party A, the Grantors
and Party C; 

  

	 	(b)	cause Party C to conclude or conduct any transaction or act that will have material adverse effect on the assets, liabilities, operations, equity and other legitimate rights of Party C (other than those arising in the
ordinary or day-to-day course of business or that have been disclosed to Party A and obtained the prior express written consent of Party A); 

  
 5 

	 	(c)	cause the shareholders’ meeting of Party C to adopt a resolution of dividend or bonus distribution; 

  

	 	(d)	sell, transfer, mortgage and otherwise dispose of the legal or beneficial interests of any equity interest in Party C, or permit the creation of any other security interest thereupon, at any time following the effective
date hereof; 

  

	 	(e)	cause the shareholders’ meeting of Party C to approve the sale, transfer, mortgage or other disposal of the legal or beneficial interests of any equity interest, or the permission of the creation of any other
security interest thereupon, or to adopt a resolution to increase or decrease the registered capital of Party C or otherwise change the structure of its registered capital; 

 

	 	(f)	cause the shareholders’ meeting of Party C to approve Party C’s merger or combination with, or acquisition of, or investment in any person, or restructuring in any other form; and 

 

	 	(g)	cause the shareholders’ meeting of Party C to approve the closure, liquidation or dissolution of Party C. 

  

	 	3.2.7.	unless and until Party A (or its designated third party) has exercised the Option to acquire all equity interests or assets of Party C, each of the Grantors undertakes to: 

 

	 	(a)	immediately notify Party A in writing of any existing or threatened litigation, arbitration or administrative proceeding relating to the equity interest it owns or any circumstance that may have any adverse effect on
such equity interest; 

  

	 	(b)	cause the shareholders’ meeting of Party C to deliberate and approve the transfer of the purchased equity interest contemplated hereunder, and cause Party C to amend its articles of association to reflect the
shareholding change and other changes contemplated hereunder of Party C following the exercise of Option by Party A and/or its designated third party in accordance with this Agreement, and to immediately apply for approval to competent PRC
authorities (if so required by PRC laws) and handle the change registration, and cause Party C to adopt a shareholders’ resolution to approve the appointment of persons assigned by Party A and/or its designated third party as directors and
legal representative (if necessary) of Party C; 

  

	 	(c)	prior to the exercise of Option by Party A and/or its designated third party, execute all such documents, take all such actions and make all such claims or provide such defenses against all claims as are necessary or
appropriate to maintain the Grantors’ legal and valid ownership of the relevant equity interests; 

  
 6 

	 	(d)	at the request of Party A at any time, unconditionally transfer the equity interests it holds to Party A and/or its designated third party within the period of time prescribed by Party A, and waive the right of first
refusal it may have on the equity interest transferred by other then-current shareholders of Party C as instructed by Party A; and 

  

	 	(e)	strictly comply with the provisions of this Agreement and other agreements jointly or severally executed by the Grantors with Party A, diligently fulfill the obligations hereunder and thereunder, and refrain from making
any act/omission that suffices to affect the validity and enforceability of such agreements. 

  

	 	3.3	Party C and the Grantors hereby jointly and severally represent, warrant and covenant that: 

  

	 	3.3.1.	unless and until Party A (or its designated third party) has exercised the Option to acquire all equity interests or assets of Party C, except with an express written consent from Party A (or its designated third
party), Party C may not: 

  

	 	(a)	sell, transfer, mortgage or otherwise dispose of any of its assets, business or revenue, or permit the creation of any other security interest thereupon (other than those arising in the ordinary or day-to-day course of business or that have been disclosed to Party A and obtained the prior express written consent of Party A); 

 

	 	(b)	conclude any transaction that will or may have material adverse effect on its assets, liabilities, operations, equity and other legitimate rights (other than those arising in the ordinary or day-to-day course of business or that have been disclosed to Party A and obtained the prior express written consent of Party A); 

 

	 	(c)	distribute any dividend or bonus by any means to any of its shareholders; 

  

	 	(d)	incur, inherit, guarantee or allow the existence of any debt, except for (i) any debt incurred during its ordinary course of business rather than from borrowing; and (ii) any debt which has been disclosed to
and obtained the written consent from Party A; 

  

	 	(e)	enter into any material contract, other than those executed in the ordinary course of business (for purpose of this Section, a contract with a value exceeding RMB fifty thousand Yuan (RMB 50,000) shall be deemed as a
material contract); 

  

	 	(f)	adopt a shareholders’ resolution to increase or decrease its registered capital, or otherwise change its registered capital structure; 

 

	 	(g)	supplement, change or amend its articles of association in any form whatsoever; and 

  

	 	(h)	merge or combine with, acquire or invest any person. 

  
 7 

	 	3.3.2.	As of the date hereof and as of each Closing Date, Party C has no outstanding debt, except for those (i) incurred during its ordinary course of business, and (ii) disclosed to and obtained the written consent
from Party A. 

  

	 	3.3.3.	As of the date hereof and as of each Closing Date, there are no pending or threatened litigations, arbitrations or administrative proceedings relating to the equity interests or assets of Party C or that may otherwise
have material adverse effect on Party C’s performance of this Agreement except for those disclosed to and obtained the written consent from Party A. 

  

	 	3.3.4.	Party C is not declared bankrupt; 

  

	 	3.3.5.	Party C hereby undertakes to Party A that it will comply with all laws and regulations applicable to the equity interests and asset purchase throughout the term of this Agreement, bear all expenses arising in connection
with the transfer of the equity interests, and go through all necessary procedures to register Party A or its designated third party as shareholder of Party C, including without limitation assisting Party A in obtaining necessary approvals from the
approval authority in respect of the transfer of equity interests, filing relevant application documents necessary for handling shareholding change registration to the competent Administration for Industry and Commerce, and updating the register of
shareholders. 

  

	4.	Taxes 

 All taxes arising from the performance of this Agreement shall be borne by Party
C. 
  

	5.	Default 

 Except otherwise provided herein, a Party shall constitute a default hereunder
if it fails to fully perform or suspends the performance of its obligations hereunder, and fails to rectify and correct such breach within thirty (30) days upon its receipt of a notice from the other Parties, or any of its representations or
warranties made hereunder are not true, inaccurate or misleading. 
 If any Party breaches any provision of this Agreement or any of its
representations and warranties made hereunder, the non-defaulting Party may notify the defaulting Party in writing and request it to rectify and correct such breach, take corresponding measures to effectively
and timely prevent the damages, and continue the performance of this Agreement within ten (10) days upon its receipt of such notice. The defaulting Party shall indemnify the non-defaulting Party for any
loss thus incurred by such breach to ensure that the non-defaulting Party may obtain all benefits entitled by it for its performance of this Agreement. 

If all Parties are in breach of this Agreement, the amount of indemnification payable by each Party shall be determined according to the
severity of their respective breach. 
  

	6.	Governing Law and Dispute Resolution 

  

	 	6.1	Governing Law 

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

  
 8 

	 	6.2	Arbitration 

 The Parties hereto shall strive to settle any dispute arising from the
interpretation or performance of the terms under this Agreement through good faith negotiation. In case no settlement can be reached through negotiation, any Party may submit such dispute to Shanghai International Economic and Trade Arbitration
Commission for arbitration in accordance with its then effective rules. The arbitration shall take place in Shanghai and the language of the arbitration shall be Chinese. The arbitration award shall be final and binding upon all the Parties. This
Article shall survive the termination or dissolution of this Agreement. 
  

	 	6.3	Continued Performance 

 Except for the matters in dispute, the Parties shall continue to perform
their respective obligations in good faith in accordance with the terms of this Agreement. 
  

	7.	Confidentiality 

  

	 	7.1	Confidential Information 

 This Agreement, together with the exhibit attached hereto, shall be
kept confidential. No Party shall disclose any information contained herein to any third party (except with a prior written consent of all the Parties hereto). This article shall survive the termination of this Agreement. 

 

	 	7.2	Exception 

 No disclosure of confidential information made as required by law, court judgments,
arbitral awards and government decisions shall be deemed as a breach of the above Section 7.1. 
  

	8.	Miscellaneous 

  

	 	8.1	Entire Agreement 

 This Agreement constitutes the entire agreement entered into by the Parties
with respect to the matters involved herein. In case of any discrepancy between this Agreement and all prior discussions, negotiations and agreements, this Agreement shall prevail. This Agreement shall be amended by the Parties in writing. The
exhibits attached hereto are part of this Agreement and shall be equally binding as this Agreement. 
  

	 	8.2	Notices 

  

	 	8.2.1	All notices given by the Parties in connection with the performance of their respective rights and obligations hereunder shall be made in writing and delivered in person, or by registered mail, postage prepaid mail,
generally accepted courier service or facsimile to the following addresses of the relevant Party or Parties: 

 If to Party
A: Beijing Prosper Investment Consulting Co., Ltd. 
 Address: 1F Building 8, 498 Guo Shou Jing Road, Pudong New Area, Shanghai 

Fax: N/A 
 Telephone: 021-51870819 
 Attention: ZHANG Jun 

  
 9 

 If to Party B: GU Shaofeng, LI Tiezheng, HU Honghui, LUO Wei, ZHANG Jun 

Address: 1F Building 8, 498 Guo Shou Jing Road, Pudong New Area, Shanghai 

Fax: N/A 
 Telephone: 021-51870819 
 Attention: ZHANG Jun 

If to Party C: Beijing Paipairongxin Investment Consulting Co., Ltd. 

Address: 1F Building 8, 498 Guo Shou Jing Road, Pudong New Area, Shanghai 

Fax: N/A 
 Telephone: 021-51870819 
 Attention: ZHANG Jun 

 

	 	8.2.2	A notice and other correspondence is deemed to be duly served: 

  

	 	(a)	on the date shown on the transmission report if sent by facsimile, or on the following working day if the facsimile arrives later than 5:00 pm or on a non-working day at the place
of delivery; 

  

	 	(b)	on the date of receipt if sent by personal delivery (including express mail); 

  

	 	(c)	on the fifteenth (15th) day after the date shown on the acknowledge of receipt if sent by a registered mail. 

 

	 	8.2.3	Binding Effect 

     This Agreement shall be binding on all the Parties
hereto. 
  

	 	8.3	Language 

 This Agreement is made in four (4) originals and written in Chinese. 

 

	 	8.4	Day and Working Day 

 The “day” mentioned herein shall mean a calendar day and the
“working day” shall mean any day from Monday to Friday. 
  

	 	8.5	Headings 

 The headings contained in this Agreement are solely for the purpose of easy-reading
and shall not be used to interpret the provisions of this Agreement. 
  

	 	8.6	Uncovered Matters 

 The matters not covered by this Agreement shall be resolved by the Parties
through amicable consultations in accordance with the PRC laws. 

  
 10 

 (No text below in this page) 

  
 11 

 (This page contains no body text and is the signature page of the Restated Option Agreement) 

Party A: Beijing Prosper Investment Consulting Co., Ltd. (Seal) 

/s/ Gu Shaofeng 
 Legal or Authorized Representative 

/s/ Seal of Beijing Prosper Investment Consulting Co., Ltd. 

Party B: 
 /s/ Gu Shaofeng 

/s/ LI Tiezheng 
 /s/ HU Honghui 

/s/ LUO Wei 
 /s/ ZHANG Jun 

Party C: Beijing Paipairongxin Investment Consulting Co., Ltd. (Seal) 

/s/ Gu Shaofeng 
 Legal or Authorized Representative 

/s/ Seal of Beijing Paipairongxin Investment Consulting Co., Ltd.

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