Document:

Exhibit 10.3

 

CONFIDENTIAL

 

 

 

 

 

 

 

 

EQUITY PLEDGE AGREEMENT

 

 

AMONG

 

 

GUANGZHOU YUZHI MDT INFO TECH LTD.

MOVE THE PURCHASE CONSULTING
MANAGEMENT (SHENZHEN) Co, LTD.

AND

THE LOCAL COMPANIES LISTED IN APPENDIX I

 

 

 

 

 

 

 

 

AUGUST 5, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

    

     

    

 

EQUITY PLEDGE AGREEMENT

 

This EQUITY PLEDGE AGREEMENT (hereinafter, this
"AGREEMENT") is entered into in the People's Republic of China (hereinafter, "PRC") as of AUGUST 5, 2015 by
and among the following Parties:

 

(7) THE COMPANIES LISTED IN APPENDIX I

 

(The above Parties hereinafter each referred to
as a "PARTY" individually, and collectively, the "PARTIES". Among them, WENBIN YANG and PING LI hereinafter
referred to as an "INDIVIDUAL PLEDGOR" individually, and collectively, the "INDIVIDUAL PLEDGORS"; the Individual
Pledgor and YUZHI hereinafter referred to as a "PLEDGOR" individually, and collectively, the "PLEDGORS"; YIGO
hereinafter referred to as a "PLEDGEE".)

 

WHEREAS: 

 

(1)YUZHI is the
enrolled shareholder of the companies listed in Appendix I. Appendix I attached hereto, legally holding all or the majority
equity of such companies as of the execution date of this Agreement.

 

(2)As of the date of this
Agreement, WENBIN YANG and PING LI are the enrolled shareholders of YUZHI, legally holding all the equity in YUZHI, of which Wenbin
Yang holding 60% interest, Ping Li holding 40%.

 

(3)Pursuant to the Call Option Agreement dated
as of AUGUST 5, 2015 among YIGO, the Pledgors and the Target Companies (as defined below) (hereinafter, the "CALL OPTION AGREEMENT"),
the Pledgors shall transfer part or all of the equity interest of the Target Companies to YIGO and/or any other entity or individual
designated by YIGO at the request of the YIGO.

 

(4)Pursuant to the Shareholders'
Voting Right Proxy Agreement dated as of AUGUST 5,2015 among YIGO, the Target Company and the Pledgors (hereinafter, the "PROXY
AGREEMENT"), Pledgors have already irrevocably entrusted the personnel designated by YIGO then with full power to exercise
on their behalf all of their shareholders' voting rights in respect of the relevant Target Companies.

 

(5)Pursuant to the Exclusive Service Agreement
dated as of AUGUST 5,2015 among YIGO and the Target Companies (hereinafter, the "SERVICE AGREEMENT"), the Target Companies
have already engaged YIGO exclusively to provide them with relevant management and consultation and other services, for which the
Target Companies will respectively pay YIGO services accordingly.

 

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(6)As security for performance by the Pledgors
of the Contract Obligations (as defined below) and repayment of the Guaranteed Liabilities (as defined below), the Pledgors agree
to pledge all of their Target Company Equity to the Pledgee and grant the Pledgee the right to request for repayment in first priority
and the Target Companies agree such equity pledge arrangement.

 

THEREFORE, the Parties hereby have reached the
following agreement upon mutual consultations:

 

ARTICLE 1 -
DEFINITION

 

1.1Except as otherwise construed in the context,
the following terms in this Agreement shall be interpreted to have the following meanings:

 

"CONTRACT OBLIGATIONS" shall mean all
contractual obligations of a Pledgor under the Call Option Agreement and Proxy Agreement; all contractual obligations of a Target
Company under the Exclusive Service Agreement, Call Option Agreement, Proxy Agreement; and all contractual obligations of a Pledgor
under this Agreement.

 

"TARGET COMPANY" shall mean, to Wenbin
Yang ,Ping Li and to YUZHI, any and all of the companies listed in Appendix I.

 

"GUARANTEED LIABILITIES" shall mean
all direct, indirect and consequential losses and losses of foreseeable profits suffered by Pledgee due to any Breaching Event
(as defined below) a Pledgor and/or a Target Company, and all fees incurred by Pledgee for the enforcement of the Contractual Obligations
of a Pledgor and/or a Target Company.

 

"TRANSACTION AGREEMENTS" shall mean
the Call Option Agreement and the Proxy Agreement in respect of a Pledgor; the Exclusive Service Agreement, and Proxy Agreement
in respect of a Target Company.

 

"BREACHING EVENT" shall mean any breach
by either Pledgor of its Contract Obligations under the Proxy Agreement, Call Option Agreement or this Agreement; any breach by
a Target Company of its Contract Obligations under the Service Agreement, Call Option Agreement and/or Proxy Agreement.

 

"PLEDGED PROPERTY" shall mean (1) in
respect of Wenbin Yang, Ping Li, all of the equity interests in YUZHI which are legally owned by them as of the effective date
hereof and is to be pledges by them to the Pledgee according to provisions hereof as the security for the performance by them and
YUZHI of their Contractual Obligations, and the increased capital contribution and equity interest described in Articles 2.6 and
2.7 hereof; (2) in respect of YUZHI, all of the equity interest in the Target Companies which is legally owned by it as of the
effective date hereof and is to be pledged to the Pledgee by it according to provisions hereof as the security for the performance
of the Contractual Obligations by it and the Target Companies (for details of such equity interest, see Appendix I), and the increased
capital contribution and equity interest described in Articles 2.6 and 2.7 hereof.

 

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"PRC LAW" shall mean the then valid
laws, administrative regulations, administrative rules, local regulations, judicial interpretations and other binding regulatory
documents of the People's Republic of China.

 

1.2The references to any PRC Law here in shall
be deemed:

 

(1)to include the references
to the amendments, changes, supplements and reenactments of such law, irrespective of whether they take effect before or after
the formation of this Agreement; and

 

(2)to include the references
to other decisions, notices or regulations enacted in accordance therewith or effective as a result thereof.

 

1.3Except as otherwise stated in the context
herein, all references to an Article, clause, item or paragraph shall refer to the relevant part of this Agreement.

 

ARTICLE 2 - EQUITY PLEDGE

 

2.1Each Pledgor hereby agrees to pledge the
Pledged Property, which it legally owns and has the right to dispose of, to Pledgee according to the provisions hereof as the security
for the performance of the Contract Obligations and the repayment of the Guaranteed Liabilities. Each Target Company hereby agrees
that the Pledgors legally holding equity interest in it to pledge the Pledged Property to the Pledgee according to the provisions
hereof.

 

2.2Each Pledgor hereby undertakes that it
will be responsible for, recording the arrangement of the equity pledge hereunder (hereinafter, the "EQUITY PLEDGE")
on the shareholder register of each Target Company on the date hereof, and will do its best endeavor to make registration with
registration authorities of industry and commerce of each Target Company. Each Target Company respectively undertakes that it will
do its best to cooperate with the Pledgors to complete the registration with authorities of industry and commerce under this Article.

 

2.3During the valid term of this Agreement,
except for the willful misconduct or gross negligence of Pledgee which has direct cause and effect relationship the reduction in
value of the Pledged Property, Pledgee shall not be liable in any way to, nor shall Pledgors have any right to claim in any way
or propose any demands on Pledgee, in respect of the said reduction in value of the Pledged Property.

 

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2.4To the extent not violating provision of
Article 2.3 above, in case of any possibility of obvious reduction in value of the Pledged Property which is sufficient to jeopardize
Pledgee's rights, Pledgee may at any time auction or sell off the Pledged Property on behalf of Pledgors, and discuss with Pledgors
to use the proceeds from such auction or sale-off as pre-repayment of the Guaranteed Liabilities, or may submit such proceeds to
the local notary institution where Pledgee are domiciled (any fees incurred in relation thereto shall be borne by Pledgors).

 

2.5YIGO as Pledgee shall be deemed to have
created the encumbrance of first order in priority on the Pledged Property, and in case of any Breaching Event, Pledgee shall have
the right to dispose of the Pledged Property in the way set out in Article 4 hereof.

 

2.6Only upon prior consent by Pledgee shall
Pledgors be able to increase their capital contribution to any or all of the Target Companies. Further capital contribution made
by Pledgor (s) in the Target Company shall also be part of the Pledged Property.

 

2.7Only upon prior consent by Pledgee shall
Pledgors be able to receive dividends or share profits from the Pledged Property. The dividends or the profits received by Pledgors
from the Pledged Property shall be deposited into Pledgee's bank account designated by Pledgee respectively, to be under the supervision
of Pledgee and used as the Pledged Property to repay in priority the Guaranteed Liabilities.

 

2.8Wenbin Yang and Ping Li agree to bear joint
liabilities respectively to Pledgee upon occurrence of any Breaching Event on the part of YUZHI and Pledgee shall have the right,
upon occurrence of the Breaching Event, to dispose of any Pledged Property of either of Pledgors in accordance with the provisions
hereof.

 

ARTICLE 3 - RELEASE OF PLEDGE

 

In respect of equity interest of any Target Company,
upon full and complete performance by relevant Pledgors of all of their Contractual Obligations, Pledgee shall, at the request
of relevant Pledgors, release the pledge created on such Target Company under this Agreement, and shall cooperate with relevant
Pledgors to go through the formalities to cancel the record of the Equity Pledge in the shareholder register of the relevant Target
Company, with the reasonable fees incurred in connection with such release to be borne by Pledgee with the same proportion.

 

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ARTICLE 4 - DISPOSAL OF THE PLEDGED PROPERTY

 

4.1Pledgors, Target Companies and Pledgee
hereby agree that, in case of any Breaching Event, Pledgee shall have the right to exercise, upon giving written notice to Pledgors,
all of the remedial rights and powers enjoyable by them under PRC Law, including but not limited to being repayment in priority
with proceeds from auctions or sale-offs of the Pledged Property. Pledgee shall not be liable for any loss as the result of their
reasonable exercise of such rights and powers.

 

4.2Pledgee shall have the right to designate
in writing its legal counsel or other agents to exercise on their respective behalf any and all rights and powers set out above,
and neither Pledgors nor Target Companies shall not oppose thereto.

 

4.3The reasonable costs incurred by Pledgee
in connection with their exercise of any and all rights and powers set out above shall be borne by Pledgors, and Pledgee shall
have the right to deduct the costs actually incurred from the proceeds that they acquire from the exercise of the rights and powers.

 

4.4The proceeds that Pledgee acquire from
the exercise of their respective rights and powers shall be used in the priority order as follows:

 

- First, to pay any cost incurred in connection
with the disposal of the Pledged Property and the exercise by Pledgee of their respective rights and powers (including remuneration
paid to their respective legal counsels and agents);

 

- Second, to pay any taxes and levies payable
for the disposal of the Pledged Property; and

 

- Third, to repay Pledgee for the Guaranteed
Liabilities.

 

In case of any balance after payment of the above
amounts, Pledgee shall return the same to Pledgors or other persons entitled thereto according to the relevant laws and rules or
submit the same to the local notary institution where Pledgee are domiciled (any fees incurred in relation thereto shall be borne
by Pledgors).

 

4.5Pledgee shall have the option to exercise,
simultaneously or in certain sequence, any of the remedies at breaching that it is entitled to in respect of the equity interest
of any Target Company holding by any Pledgor; Pledgee shall not be obliged to exercise other remedies at breaching before their
exercise of the right to the auctions or sale-offs of the Pledged Property hereunder. Pledgors or Target Companies shall not oppose
to whether Pledgee exercise any part of the right to the pledge or the sequence of exercising the pledge interest.

 

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ARTICLE 5 - FEES AND COSTS

 

All costs actually incurred in connection with
the establishment of the Equity Pledge hereunder, including but not limited to stamp duties, any other taxes, all legal fees, etc
shall be borne by Pledgee with the same proportion.

 

ARTICLE 6 - CONTINUITY AND NO WAIVE

 

The Equity Pledge hereunder is a continuous guarantee,
with its validity to continue until the full performance of the Contractual Obligations or the full repayment of the Guaranteed
Liabilities. Neither exemption or grace period granted by Pledgee to Pledgors in respect of their breach, nor delay by Pledgee
in exercising any of their rights under this Agreement shall affect the rights of Pledgee under this Agreement, relevant PRC Law,
the rights of Pledgee to demand at anytime thereafter the strict performance of this Agreement by Pledgors or the rights Pledgee
may be entitled to due to subsequent breach by Pledgors of the obligations under this Agreement.

 

ARTICLE 7 - REPRESENTATIONS AND WARRANTIES
BY PLEDGORS

 

Each of Pledgors hereby, in respect of itself
and Target Company in which it holds equity interest, represents and warrants to Pledgee as follows:

 

7.1Each Individual Pledgor is a PRC citizen
with full capacity of disposition and has obtained due authorization to execute, deliver and perform this Agreement and can independently
be a subject of actions; YUZHI is a limited liability corporation duly incorporated and validly existing under PRC Law, has full
right and authorization to execute and deliver this Agreement and other documents relating to the transaction as stipulated in
this Agreement and to be executed by them. It also has full right and authorization to complete the transaction stipulated in this
Agreement.

 

7.2Target Company is a limited liability corporation
duly incorporated and validly existing under PRC Law, it has independent status as a legal person; it has full and independent
legal status and capacity to execute, deliver and perform this Agreement and can independently be a subject of actions. It has
full right and authorization to execute and deliver this Agreement and other documents relating to the transaction as stipulated
in this Agreement and to be executed by them. It also has full right and authorization to complete the transaction stipulated in
this Agreement.

 

7.3All reports, documents and information
concerning Pledgors and all matters as required by this Agreement which are provided by Pledgors to Pledgee before this Agreement
comes into effect are true, correct and effective in all material aspects as of the execution hereof.

 

7.4At the time of the effectiveness of this
Agreement, Pledgors are the sole legal owner of the Pledged Property, with no existing dispute whatever concerning the ownership
of the Pledged Property. Pledgors have the right to dispose of the Pledged Property or any part thereof.

 

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7.5Except for the encumbrance set on the Pledged
Property hereunder and the rights set under the Transaction Agreements, there is no other encumbrance or third party interest set
on the Pledged Property.

 

7.6The Pledged Property is capable of being
pledged or transferred according to the laws, and Pledgors have the full right and power to pledge the Pledged Property to Pledgee
according to this Agreement.

 

7.7This Agreement constitutes the legal, valid
and binding obligations on Pledgors when it is duly executed by Pledgors.

 

7.8Any consent, permission, waive or authorization
by any third person, or any approval, permission or exemption by any government authority, or any registration or filing formalities
(if required by laws) with any government authority to be handled or obtained in respect of the execution and performance hereof
and the Equity Pledge hereunder have already been handled or obtained, and will be fully effective during the valid term of this
Agreement.

 

7.9The execution and performance by Pledgors
of this Agreement are not in violation of or conflict with any laws applicable to them, or any agreement to which they are a party
or which has binding effect on their assets, any court judgment, any arbitration award, or any administration authority decision.

 

7.10The pledge hereunder constitutes the encumbrance
of first order in priority on the Pledged Property.

 

7.11All taxes and fees payable in connection
with acquisition of the Pledged Property have already been paid in full amount by Pledgors.

 

7.12There is no pending or, to the knowledge
of Pledgors, threatened litigation, legal process or demand by any court or any arbitral tribunal against Pledgors, or their property,
or the Pledged Property, nor is there any pending or, to the knowledge of Pledgors, threatened litigation, legal process or demand
by any government authority or any administration authority against Pledgors, or their property, or the Pledged Property, which
is of material or detrimental effect on the economic status of Pledgors or their capability to perform the obligations hereunder
and the Guaranteed Liabilities.

 

7.13Pledgors hereby warrant to Pledgee that
the above representations and warranties will remain true, correct and effective at any time and under any circumstance before
the Contractual Obligations are fully performed or the Guaranteed Liabilities are fully repaid, and will be fully complied with.

 

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ARTICLE 8 - REPRESENTATIONS AND WARRANTIES

BY TARGET COMPANY

 

Each of Target Company hereby individually represents
and warrants to Pledgee as follows:

 

8.1Target Company is a limited liability corporation
duly incorporated and validly existing under PRC Law, with full capacity of disposition and has obtained due authorization to execute,
deliver and perform this Agreement and can independently be a subject of actions.

 

8.2All reports, documents and information
concerning Pledged Property and all matters as required by this Agreement which are provided by Target Company to Pledgee before
this Agreement comes into effect are true, correct and effective in all material aspects as of the execution hereof.

 

8.3All reports, documents and information
concerning Pledged Property and all matters as required by this Agreement which are provided by Target Company to Pledgee after
this Agreement comes into effect are true, correct and effective in all material aspects upon provision.

 

8.4This Agreement constitutes the legal, valid
and binding obligations on Target Company when it is duly executed by Target Company.

 

8.5It has full right and authorization to
execute and deliver this Agreement and other documents relating to the transaction as stipulated in this Agreement and to be executed
by them. It also has full right and authorization to complete the transaction stipulated in this Agreement.

 

8.6There is no pending or, to the knowledge
of Target Company, threatened litigation, legal process or demand by any court or any arbitral tribunal against Target Company,
or their property (including but are not limited to the Pledged Property), nor is there any pending or, to the knowledge of Target
Company, threatened litigation, legal process or demand by any government authority or any administration authority against Target
Company, or their property (including but are not limited to the Pledged Property), which is of material or detrimental effect
on the economic status of Target Company or their capability to perform the obligations hereunder and the Guaranteed Liabilities.

 

8.7Each of Target Company hereby agree to
bear joint responsibilities to Pledgee in respect of the representations and Warranties made by its relevant Pledgor according
to Article 7.5, Article 7.6, Article 7.7, Article 7.9 and Article 7.11 hereof.

 

8.8Target Company hereby warrant to Pledgee
that the above representations and warranties will remain true, correct and effective at any time and under any circumstance before
the Contractual Obligations are fully performed or the Guaranteed Liabilities are fully repaid, and will be fully complied with.

 

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ARTICLE 9 - UNDERTAKINGS BY PLEDGORS

 

Each of Pledgors hereby individually undertakes
to Pledgee in respect of it and Its Target Company of which it holds equity as follows:

 

9.1Without the prior written consent by Pledgee,
Pledgors shall not establish or permit to establish any new pledge or any other encumbrance on the Pledged Property.

 

9.2Without first giving written notice to
Pledgee and having Pledgee's prior written consent, Pledgors shall not transfer the Pledged Property, and any attempt by Pledgors
to transfer the Pledged Property shall be null and void. The proceeds from transfer of the Pledged Property by Pledgors shall be
used to repay to Pledgee in advance the Guaranteed Liabilities or submit the same to the third party agreed with Pledgee.

 

9.3In case of any litigation, arbitration
or other demand which may affect detrimentally the interest of Pledgors or Pledgee under the Transaction Agreements and hereunder
or the Pledged Property, Pledgors undertake to notify Pledgee thereof in writing as soon as possible and promptly and shall take,
at the reasonable request of Pledgee, all necessary measures to ensure the pledge interest of Pledgee in the Pledged Property.

 

9.4Pledgors shall not carry on or permit any
act or action which may affect detrimentally the interest of Pledgee under the Transaction Agreements and hereunder or the Pledged
Property.

 

9.5Pledgors guarantee that they shall, at
the reasonable request of Pledgee, take all necessary measures and execute all necessary documents (including but not limited to
supplementary agreement hereof) in respect of ensuring the pledge interest of Pledgee in the Pledged Property and the exercise
and realization of the rights thereof.

 

9.6In case of assignment of any Pledged Property
as the result of the exercise of the right to the pledge hereunder, Pledgors guarantee that they will take all necessary measures
to realize such assignment.

 

9.7Wenbin Yang and Ping Li undertake individually
to bear joint responsibilities with the other party if the performance of the Article 9 thereof of the other Party refers to YUZHI;
Wenbin Yang, Ping Li and YUZHI undertake individually to bear joint responsibilities with the other party if the performance of
Article 9 thereof of the other party refers to any Target Company listed in the Appendix I to this Agreement.

 

    	 	10	 

     

    

 

ARTICLE 10 - UNDERTAKINGS BY TARGET COMPANY

 

10.1Any consent, permission, waive or authorization
by any third person, or any approval, permission or exemption by any government authority, or any registration or filing formalities
(if required by laws) with any government authority to be handled or obtained in respect of the execution and performance hereof
and the Equity Pledge hereunder will be cooperated to handle or obtain by Target Company to their best and will be ensured to remain
full effective during the valid term of this Agreement.

 

10.2Without the prior written consent by Pledgee,
Target Company shall not cooperate to establish or permit to establish any new pledge or any other encumbrance on the Pledged Property.

 

10.3Without having Pledgee's prior written
consent, Target Company shall not cooperate to transfer or permit to transfer the Pledged Property.

 

10.4In case of any litigation, arbitration
or other demand which may affect detrimentally the interest of Target Company or Pledgee under the Transaction Agreements and hereunder
or the equity of Target Company as the Pledged Property, Target Company undertake to notify Pledgee thereof in writing as soon
as possible and promptly and shall take, at the reasonable request of Pledgee, all necessary measures to ensure the pledge interest
of Pledgee in the Pledged Property.

 

10.5Target Company shall not carry on or permit
any act or action which may affect detrimentally the interest of Pledgee under the Transaction Agreements and hereunder or the
Pledged Property.

 

10.6Target Company shall provide Pledgee with
the financial statement of the last calendar season within the first month of each calendar season, including but are not limited
to the balance sheet, the income statement and the statement of cash flow.

 

10.7Target Company guarantee that they shall,
at the reasonable request of Pledgee, take all necessary measures and execute all necessary documents (including but not limited
to supplementary agreement hereof) in respect of ensuring the pledge interest of Pledgee in the Pledged Property and the exercise
and realization of the rights thereof.

 

10.8In case of assignment of any Pledged Property
as the result of the exercise of the right to the pledge hereunder, Target Company guarantee that they will take all necessary
measures to realize such assignment.

 

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ARTICLE 11 - ENCUMBRANCE OF FIRST ORDER IN
PRIORITY

 

11.1YIGO has the encumbrance of first order
in priority on any and all Pledged Property. Pursuant to the stipulations of the Transaction Agreement, any Breaching Event under
any Transaction Agreement shall result in the occurrence of Breaching Event under other Transaction Agreement, YIGO shall claim
the pledge interest hereunder to Pledgor relevant to the Breaching Event, and be repaid in priority in the proportion of their
respective security amount from the proceeds obtained according to the disposal of Pledged Property stipulated in Article 4 hereof.

 

ARTICLE 12 - CHANGE OF CIRCUMSTANCES

 

12As supplement and subject to compliance
with other terms of the Transaction Agreements and this Agreement, in case that at any time the promulgation or change of any PRC
Law, regulations or rules, or change in interpretation or application of such laws, regulations and rules, or the change of the
relevant registration procedures enables Pledgee to believe that it will be illegal or in conflict with such laws, regulations
or rules to further maintain the effectiveness of this Agreement and/or dispose of the Pledged Property in the way provided herein,
Pledgors and Target Company shall, at the written direction of Pledgee and in accordance with the reasonable request of Pledgee,
promptly take actions and/or execute any agreement or other document, in order to:

 

(1) keep this Agreement remain in effect;

(2) facilitate the disposal of the Pledged
Property in the way provided herein; and/or

(3) maintain or realize the intention or the
guarantee established hereunder.

 

ARTICLE 13 - EFFECTIVENESS AND TERM OF THIS
AGREEMENT

 

13.1This Agreement shall become effective
upon the satisfaction of all of the following conditions in respect of any Target Company and any Pledgor who holds the equity
of the Target Company:

 

(1)this Agreement is duly executed by Pledgors,
the Target Company and the Pledgors who pledge the equity of the Target Company; and

 

(2)the Equity Pledge hereunder has been legally
recorded in the shareholders' register of the Target Company.

 

Pledgors shall provide the registration certification
of the Equity Pledge being recorded in the shareholders' register as mentioned above to Pledgee in a way satisfactory to Pledgee.

 

13.2This Agreement shall have its valid term
until the full performance of the Contractual Obligations or the full repayment of the Guaranteed Liabilities.

 

    	 	12	 

     

    

 

ARTICLE 14 - NOTICE

 

14.1Any notice, request, demand and other
correspondences made as required by or in accordance with this Agreement shall be made in writing and delivered to the relevant
Party.

 

14.2The abovementioned notice or other correspondences
shall be deemed to have been delivered when it is transmitted if transmitted by facsimile or telex; it shall be deemed to have
been delivered when it is delivered if delivered in person; it shall be deemed to have been delivered five (5) days after posting
the same if posted by mail.

 

ARTICLE 15 – MISCELLANEOUS

 

15.1 Pledgee may, upon notice to Pledgors but
not necessarily with Pledgors' consent, assign Pledgee's rights and/or obligations hereunder to any third party; provided that
Pledgors may not, without Pledgee's prior written consent, assign Pledgors' rights, obligations and/or liabilities hereunder to
any third party. Successors or permitted assignees (if any) of Pledgors shall continue to perform the obligations of Pledgors under
this Agreement.

 

15.2 This Agreement shall be prepared in the Chinese
language in four (4) original copies, with each involved Party holding one (1).

 

15.3 The formation, validity, execution, amendment,
interpretation and termination of this Agreement shall be subject to PRC Law.

 

15.4 Any disputes arising hereunder and in connection
herewith shall be settled through consultations among the Parties, and if the Parties cannot reach an agreement regarding such
disputes within thirty (30) days of their occurrence, such disputes shall be submitted to China International Economic and Trade
Arbitration Commission for arbitration in Guangzhou in accordance with the arbitration rules of such Commission, and the arbitration
award shall be final and binding on all Parties.

 

15.5 Any rights, powers and remedies empowered
to any Party by any provisions herein shall not preclude any other rights, powers and remedies enjoyed by such Party in accordance
with laws and other provisions under this Agreement, and the exercise of its rights, powers and remedies by a Party shall not preclude
its exercise of its other rights, powers and remedies by such Party.

 

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15.6 Any failure or delay by a Party in exercising
any of its rights, powers and remedies hereunder or in accordance with laws (hereinafter, the "PARTY'S RIGHTS") shall
not lead to a waiver of such rights, and the waiver of any single or partial exercise of the Party's Rights shall not preclude
such Party from exercising such rights in any other way and exercising the remaining part of the Party's Rights.

 

15.7 The titles of the Articles contained
herein shall be for reference only, and in no circumstances shall such titles be used in or affect the interpretation of the provisions
hereof.

 

15.8 Each provision contained herein shall
be severable and independent from each of other provisions, and if at any time any one or more articles herein become invalid,
illegal or unenforceable, the validity, legality or enforceability of the remaining provisions herein shall not be affected as
a result thereof.

 

15.9 This Agreement shall substitute any other
documents on the same subject executed by relevant Parties hereof once duly executed.

 

15.10 Any amendments or supplements to this Agreement
shall be made in writing. Except for assignment by Pledgee of its rights hereunder according to Article 15.1 of this Agreement,
the amendments or supplements to this Agreement shall take effect only when properly signed by the Parties to this Agreement.Notwithstanding
the preceding sentence, considering the rights and obligations of Target Company and Pledgors are severable and independent, in
case the amendment or supplement is intended to have impact upon one Party of the Target Company and part of the Pledgors who hold
the equity interest, the amendment or supplement requires the consent by the Target Company and the part of the Pledgors only and
it is not required to obtain the consent of other Target Company and other Pledgors (to the extent the amendment or supplement
does not have impact upon such Pledgor).

 

15.11 This Agreement shall be binding on the legal
successors of the Parties.

 

15.12 At the time of execution hereof, each of
Pledgors shall sign respectively a power of attorney (as set out in Appendix II hereto, hereinafter, the "POWER OF ATTORNEY")
to authorize any person designated by YIGO to sign on its behalf according to this Agreement any and all legal documents necessary
for the exercise by Pledgee of YIGO's rights hereunder. Such Power of Attorney shall be delivered to YIGO to keep in custody and,
when necessary, YIGO may at any time submit the Power of Attorney to the relevant government authority.

 

15.13 Notwithstanding any provision to the contrary
in this Agreement, new companies except the Target Company and its shareholders can be included as one party of this Agreement
by executing the Acknowledgement Letter in the form of Appendix 3 to this Agreement. The new companies shall enjoy the same rights
and obligations as other Target Companies; the shareholders of the new companies shall enjoy the same rights and obligations as
other Pledgors hereunder. Considering that the rights and obligations of the Target Company and relevant Pledgors under the Agreement
are severable and independent, the participation of the new target companies and their shareholders will not affect the rights
and obligations of the original Target Company and relevant Pledgors, the participation of the new target companies only requires
confirmation of YIGO by signature.Each of the Target Company hereby irrevocably and unconditionally agree the participation of
the new companies and their shareholders and further confirm that shareholders of any new target companies can pledge their equity
of the new target companies to YIGO according to the stipulation of this Agreement not necessarily with consent of the original
Target Company or their relevant Pledgors.

 

[The remainder of this page is left blank]

 

    	 	14	 

     

    

 

(EXECUTION PAGE)

 

IN
WITNESS HEREOF, the Parties have caused this Exclusive Service Agreement to be executed in Guangzhou as of the date first
herein above mentioned.

  

MOVE THE
PURCHASE CONSULTING MANAGEMENT (SHENZHEN) CO., LTD (Company chop)

 

	Signature by:   /s/	 	 
	Name:	 	 
	Position:	Authorized
    Representative	 

 

GUANGZHOU
YUZHI MDT INFO TECH LTD (Company chop)

 

	Signed
    by:	/s/ Ping
    Li	 
	Name:	 	 
	Position:	Authorized
    Representative	 

 

SHENZHEN
QIANHAI ZHUO ZUICHANG TIAN TECHNOLOGY CO., LTD. (Company chop)

 

	Name:	 	 
	Position:	Authorized
    Representative	 

 

GUANGZHOU
ROUNGSHENG MDT INFO TECH LTD (Company chop)

  

	Name:	 	 
	Position:	Authorized
    Representative	 

 

    	 	15	 

     

    

 

APPENDIX I

 

BASIC INFORMATION OF OTHER TARGET COMPANY WHICH
YUZHIHOLDS THE EQUITY

 

	COMPANY 
 NAME	 	REGISTERED 
 ADDRESS	 	REGISTERED CAPITAL	 	LEGAL REPRESENTATIVE	 	EQUITY 
 STRUCTURE
	SHENZHEN QIANHAI ZHUO ZHICHANG TIAN
    TECHNOLOGY CO., LTD.	 	Room 201, Block A, NO 1 Qianwan road QianHaiShen Port Cooperative District, Shenzhen	 	RMB 10,000,000	 	Zuyue Xiang	 	GUANGZHOU YUZHI MDT INFO TECH LTD 100%
	GUANGZHOU RONGSHENG MDT INFO TECH LTD	 	Unit 1601, No 439, Dongfeng Road, Yuexiu District, Guangzhou	 	RMB 1,000,000	 	Zuyue Xiang	 	SHENZHEN QIANHAI ZHUO ZHICHANG TIAN TECHNOLOGY CO., LTD. 100%

 

    	 	16	 

     

    

 

APPENDIX II:

 

FORMAT OF THE POWER OF ATTORNEY

 

I/The company, ____________, hereby entrusts ____________,
[with his/her identity card number ____________,] to be my/the company's authorized trustee to sign on my/the company's behalf
all legal documents necessary or desirous for Shenzhen YIGO Management & Consulting Co., Ltd. to exercise their rights under
the Equity Pledge Agreement between them, myself/our company and local companies.

 

Signature: 

Date: 

 

    	 	17	 

     

    

 

APPENDIX III

 

ACKNOWLEDGEMENT LETTER

 

[-] (identity card number:
____________________)/[-]limited liability company (registered address: _________________) (hereinafter,
"PARTICIPATED PLEDGOR") and [-]limited liability company (registered address: ____________________) (hereinafter,
"PARTICIPATED TARGET COMPANY") hereby agree to participate in Equity Pledge Agreement dated on AUGUST 5,2015
between shenzhen YIGO Management & Consultation Co., Ltd (hereinafter "YIGO"), and other relevant parties
(hereinafter, "EQUITY PLEDGE AGREEMENT") as an independent contract party. Participated Pledgors and Participated
Target Companies pledge the equity of the Participated Target Companies which constitute [  ]% of the registered capital of
the Participated Target Companies to YIGO as the date of the Acknowledgement Letter to secure the following
contractual obligations:

 

This Acknowledgement Letter once executed by the
Participated Pledgors and Participated Target Company, Participated Pledgors and Participated Target Companies shall make the same
undertakings and warranties with those of Pledgors and Target Companies under the Equity Pledge Agreement, agree to perform the
obligations of Pledgors and Target Company stipulated in the Equity Pledge Agreement, and admit the rights and obligations of Parties
under the Equity Pledge Agreement.

 

[Name of Participated Pledgors]

(Company chop)

 

Signature by:

Name:

Position:Authorized Representative]

 

[Name of Participated Target Company]

(Company chop)

 

Signature by:

Name:

Position:Authorized Representative]

 

MOVE THE PURCHASE
CONSULTING MANAGEMENT (SHENZHEN)CO., LTD (Company chop)

 

Signature by:

Name:

Position:Authorized Representative]

 

 

 

18Exhibit
10.4

 

Confidential

 

 

 

 

 

 

CALL
OPTION AGREEMENT

 

AMONG

 

WENBIN
YANG, PING LI

 

GUANGZHOU
YUZHI MDT INFO TECH LTD.

MOVE
THE PURCHASE CONSULTING MANAGEMENT (SHENZHEN)Co, LTD.

 

AND

THE
COMPANIES LISTED IN APPENDIX I

 

 

 

 

 

 

 

AUGUST
5, 2015

 

 

 

 

 

 

    	 		 

    

    

 

CALL
OPTION AGREEMENT

 

This
CALL OPTION AGREEMENT (this "AGREEMENT") is entered into in Guangzhou of the People's Republic of China (the "PRC")
as of AUGUST 5, 2015 by and among the following Parties:

 

(1)WENBIN
YANG

 

ADDRESS:
Room 603, Unit2, Block6, No8 Urumqi East Road, New Shi District, Kashi City

IDENTITY
CARD NUMBER: 650108196710240012

 

(2)PING
LI

 

ADDRESS:
No 69 Floor 3, Tianhe straight street, Tianhe District, Guangzhou

 

IDENTITY CARD NUMBER: 430102197707113026

 

(3)GUANGZHOU
YUZHI MDT INFO TECH LTD.( "YUZHI")

 

REGISTERED
ADDRESS: Unit 1601, No 439, Dongfeng Road, Yuexiu District, Guangzhou

 

(4)MOVE
THE PURCHASE CONSULTING MANAGEMENT (SHENZHEN) CO., LTD (YIGO)

 

REGISTERED
ADDRESS: Shenzhen Nanshan Garden of the arts Ma Gulong industrial zone of 309A

 

(5)SHENZHEN
QIANHAI ZHUO ZHICHANG TIAN TECHNOLOGY CO., LTD.

 

REGISTERED
ADDRESS: Room 201, Block A, NO 1 Qianwan road QianHaiShen Port Cooperative District, Shenzhen

 

(6)GUANGZHOU
RONGSHENG MDT INFO TECH LTD

 

REGISTERED
ADDRESS: Unit 1601, No 439 , Dongfeng Road,Yuexiu District, Guangzhou

 

    	 	2	 

    

    

  

(7)THE
COMPANIES LISTED IN APPENDIX I

 

Personal
Shareholders and YUZHI hereinafter individually referred to as a "SHAREHOLDER" and collectively, the "SHAREHOLDERS".
The Shareholders, YIGO and the companies listed in Appendix I hereinafter shall be individually referred to as a "PARTY"
and collectively referred to as the "PARTIES".)

 

WHEREAS

 

(1)
Wenbin Yang and Ping Li are the enrolled shareholders of the GUANGZHOU RONGSHENG MDT INFO TECH LTD listed in Appendix I,
legally holding all of the equity of the GUANGZHOU RONGSHENG MDT INFO TECH LTD as of the execution date of this
Agreement.

 

(2)
YUZHI is the enrolled shareholder of the companies listed in Appendix I, Appendix I attached hereto, legally holding all or the
majority equity of such companies as of the execution date of this Agreement.

 

(3)
As of the date of this Agreement, WENBIN YANG and PING LI are the enrolled shareholders of YUZHI, legally holding all the equity
in YUZHI, of which Wenbin Yang holding 60% interest, Ping Li holding 40%.

 

(4)The
Shareholders intend to transfer to YIGO, and YIGO is willing to accept, all their respective equity
interest in the Target Companies (as defined below), to the extent not violating PRC Law.

 

(5)In
order to conduct the above equity transfer, the Shareholders agree to jointly grant YIGO an irrevocable call option
for equity transfer (hereinafter the "CALL OPTION"), under which and to the extent permitted by PRC Law, the Shareholders
shall on demand of YIGO transfer the Option Equity (as defined below) to YIGO and/or any other entity
or individual designated by it in accordance with the provisions contained herein.

 

(6)
 YUZHI  intends to transfer to YIGO all of its assets and liabilities to the extent not violating
PRC Law. In order to conduct the above asset transfer, YUZHI agrees to grant YIGO an irrevocable call
option for assets (hereinafter the "ASSET CALL OPTION"), under which and to the extent as permitted by PRC Law, YUZHI
 shall on demand of YIGO transfer the assets and liabilities to YIGO and/or any other entity
or individual designated by it in accordance with the provisions contained herein.

 

    	 	3	 

    

    

 

THEREFORE,
the Parties hereby have reached the following agreement upon mutual consultations:

 

ARTICLE
1 - DEFINITION

 

"PRC
LAW" shall mean the then valid laws, administrative regulations, administrative rules, local regulations, judicial interpretations
and other binding regulatory documents of the People's Republic of China.

 

"OPTION
EQUITY" shall mean, in respect of each of the Shareholders, all of the equity interest held thereby in the Target Company
Registered Capital (as defined below).

 

"TARGET
COMPANY" shall mean, to Wenbin Yang , Ping Li; and GUANGZHOU YUZHI MDT INFO TECH LTD, any and all of the companies
listed in Appendix I.

 

"TARGET
COMPANY REGISTERED CAPITAL" shall mean the registered capital of YUZHI  as of the execution date of this Agreement,
i.e., RMB10, 000,000, and the registered capital of each Target Company as listed in Appendix I, which shall include any expanded
registered capital as the result of any capital increase within the term of this Agreement.

 

"TRANSFERRED
EQUITY" shall mean the equity of Target Company which YIGO has the right to require the Shareholders to transfer
to it or its designated entity or individual when YIGO exercises its Call Option (hereinafter the "EXERCISE
OF OPTION") in accordance with Article 3.2herein, the amount of which may be all or part of the Option Equity and the details
of which shall be determined by YIGO at its sole discretion in accordance with the then valid PRC Law and from its
commercial consideration.

 

"TRANSFER
PRICE" shall mean all the consideration that YIGO or its designated entity or individual is required to pay
to the Shareholders in order to obtain the Transferred Equity upon each Exercise of Option. In spite of any provision herein,
in case of YIGO exercising the call option in its sole discretion upon the occurrence of the situation in which
such call option exercise become feasible under the relevant laws in PRC, any additional consideration paid other than the $1.00
which may be required under the laws of China to effect such purchase to comply with such legal formalities shall be either cancelled
or returned to the company immediately with no additional compensation to the owners. The shareholders hereby acknowledge the
purpose of such provisions and hereby agrees and authorizes the company to take any and all actions to effect such transaction
and agrees irrevocably to execute any and all documents and instruments and authorize YIGO and its designated entity
or individual to sign on his or her behalf and hereby gives the YIGO and its designated entity or individual a proxy
to execute and deliver such documents and instruments to effect the purpose of this provision and hereby waives any defense or
claim of causes of action to challenge or defeat this provision.If there exists any regulatory provision with respect to Transfer
Price under the then PRC Law, YIGO or its designated entity or individual shall be entitled to determine the lowest
price permitted by PRC Law as the Transfer Price.

 

    	 	4	 

    

    

 

"BUSINESS
PERMITS" shall mean any approvals, permits, filings, registrations etc. which YUZHI  is required to have for
legally and validly operating its advertisement designing, producing, agency, publishing and all such other businesses, including
but not limited to the Business License of the Cooperate Legal Person, the Tax Registration Certificate, the Permit for Operating
Advertising Businesses and such other relevant licenses and permits as required by the then PRC Law.

 

"TARGET
COMPANY ASSETS" shall mean, in respect of any Target Company, all the tangible and intangible assets which such Target Company
owns or has the right to use during the term of this Agreement, including but not limited to any immoveable and moveable assets,
and such intellectual property rights as trademarks, copyrights, patents, proprietary know-how, domain names and software use
rights.

 

"
THE EXCLUSIVE SERVICE AGREEMENT" shall mean the Exclusive Service Agreement entered into among each Target Company 1 dated
AUGUST 5, 2015.

 

"MATERIAL
AGREEMENT" shall mean an agreement to which any Target Company is a party and which has a material impact on the businesses
or assets of the Target Company, including but not limited to the Exclusive Service Agreement among the Target Company and YIGO,
and other agreements regarding the Target Company's advertising business.

 

1.2
The references to any PRC Law herein shall be deemed

 

(1)to
include the references to the amendments, changes, supplements and reenactments of such law, irrespective of whether they take
effect before or after the formation of this Agreement; and

 

(2)to
include the references to other decisions, notices or regulations enacted in accordance therewith or effective as a result thereof.

 

1.3
Except as otherwise stated in the context herein, all references to an Article, clause, item or paragraph shall refer to the relevant
part of this Agreement.

 

    	 	5	 

    

    

 

ARTICLE
2 - GRANT OF CALL OPTION

 

The
Parties agree that the Shareholders exclusively grant YIGO hereby irrevocably and without any additional conditions
with a Call Option, under which YIGO shall have the right to require the Shareholders to transfer the Option Equity
to YIGO or its designated entity or individual in such method as set out herein and as permitted by PRC Law. YIGO
also agrees to accept such Call Option.

 

in
case of YIGO exercising the call option in its sole discretion upon the occurrence of the situation in which such
call option exercise become feasible under the relevant laws in PRC, any additional consideration paid other than the $1.00 which
may be required under the laws of China to effect such purchase to comply with such legal formalities shall be either cancelled
or returned to the company immediately with no additional compensation to the YUZHI  and Shareholders. YUZHI
 and Shareholders hereby acknowledge the purpose of such provisions and hereby agrees and authorizes the company to take
any and all actions to effect such transaction and agrees irrevocably to execute any and all documents and instruments and authorize
the company's relevant officers to sign on his or her behalf and hereby gives the company and any of its relevant officers a proxy
to execute and deliver such documents and instruments to effect the purpose of this provision and hereby waives any defense or
claim of causes of action to challenge or defeat this provision.

 

ARTICLE
3 - METHOD OF EXERCISE OF OPTION

 

3.1
To the extent permitted by PRC Law, YIGO shall have the sole discretion to determine the specific time, method and
times of its Exercise of Option.

 

3.2
If the then PRC Law permits YIGO and/or other entity or individual designated by it to hold all the equity interest
of Target Company, then YIGO shall have the right to elect to exercise all of its Call Option at once, where YIGO
and/or other entity or individual designated by it shall accept all the Option Equity from the Shareholders at once;

 

if
the then PRC Law permits YIGO and/or other entity or individual designated by it to hold only part of the equity
in Target Company, YIGO shall have the right to determine the amount of the Transferred Equity within the extent
not exceeding the upper limit of shareholding ratio set out by the then PRC Law (hereinafter the "SHAREHOLDING LIMIT"),
where YIGO and/or other entity or individual designated by it shall accept such amount of the Transferred Equity
from the Shareholders. In the latter case, YIGO shall have the right to exercise its Call Option at multiple times
in line with the gradual deregulation of PRC Law on the permitted Shareholding Limit, with a view to ultimately acquiring all
the Option Equity.

 

3.3
At each Exercise of Option by YIGO, each of the Shareholders shall transfer their respective equity in the Target
Company to YIGO and/or other entity or individual designated by it respectively in accordance with the amount required
in the Exercise Notice stipulated in Article 3.5. YIGO and other entity or individual designated by it shall pay
the Transfer Price to each of the Shareholders who has transferred the Transferred Equity for the Transferred Equity accepted
in each Exercise of Option. YIGO shall have the right to elect to pay the purchase price by settlement of certain
credits held by it or its affiliates to the shareholders.

 

    	 	6	 

    

    

 

3.4
In each Exercise of Option, YIGO may accept the Transferred Equity by itself or designate any third party to accept
all or part of the Transferred Equity.

 

3.5
On deciding each Exercise of Option, YIGO shall issue to the Shareholders a notice for exercising the Call Option
(hereinafter the "EXERCISE NOTICE", the form of which is set out as Appendix II hereto). The Shareholders shall, upon
receipt of the Exercise Notice, forthwith transfer all the Transferred Equity in accordance with the Exercise Notice to YIGO
and/or other entity or individual designated by YIGO in such method as described in Article 3.3 herein.

 

3.6
The Shareholders hereby severally undertake and guarantee that once YIGO issues the Exercise Notice in respect to
the specific Transferred Equity of the Target Company held by it:

 

(1)
it shall immediately hold or request to hold a shareholders' meeting of the Target Company and adopt a resolution through the
shareholders' meeting, and take all other necessary actions to agree to the transfer of all the Call Option to YIGO and/or
other entity or individual designated by it at the Transfer Price and waive the possible preemption;

 

(2)
it shall immediately enter into an equity transfer agreement with YIGO and/or other entity or individual designated
by it for transfer of all the Transferred Equity to YIGO and/or other entity or individual designated by it at the
Transfer Price; and

 

(3)
it shall provide YIGO with necessary support (including providing and executing all the relevant legal documents,
processing all the procedures for government approvals and registrations and bearing all the relevant obligations) in accordance
with the requirements of YIGO and of the laws and regulations, in order that YIGO and/or other entity
or individual designated by it may take all the Transferred Equity free from any legal defect.

 

3.7
At the meantime of this Agreement, the Shareholders shall respectively enter into a power of attorney (hereinafter the "POWER
OF ATTORNEY", the form of which is set out as Appendix III hereto), authorizing in writing any person designated by YIGO
to, on behalf of such Shareholder, to enter into any and all of the legal documents in accordance with this Agreement
so as to ensure that YIGO and/or other entity or individual designated by it take all the Transferred Equity free
from any legal defect. Such Power of Attorney shall be delivered for custody by YIGO and YIGO may,
at any time if necessary, require the Shareholders to enter into multiple copies of the Power of Attorney respectively and deliver
the same to the relevant government department.

 

    	 	7	 

    

    

 

ARTICLE
4 - ASSET CALL OPTION

 

YUZHI
 and the Personal Shareholders hereby further undertake to grant YIGO irrevocably an option to purchase
assets within the term of this Agreement: to the extent not violating the mandatory requirements under PRC Law, YUZHI 
will transfer all of its assets and liabilities to YIGO and/or other entity or individual designated by it when
required by YIGO.

 

In
case of the YIGO exercising the Asset Call Option in its sole discretion upon the occurrence of the situation in
which such call option exercise become feasible under the relevant laws in PRC, any additional consideration paid other than the
$1.00 which may be required under the laws of China to effect such purchase to comply with such legal formalities shall be either
cancelled or returned to the company immediately with no additional compensation to the YUZHI  and Shareholders.
YUZHI  and Shareholders hereby acknowledge the purpose of such provisions and hereby agrees and authorizes the company
to take any and all actions to effect such transaction and agrees irrevocably to execute any and all documents and instruments
and authorize the company's relevant officers to sign on his or her behalf and hereby gives the company and any of its relevant
officers a proxy to execute and deliver such documents and instruments to effect the purpose of this provision and hereby waives
any defense or claim of causes of action to challenge or defeat this provision.

 

ARTICLE
5 - REPRESENTATIONS AND WARRANTIES

 

5.1
Each of the Shareholders hereby severally represents and warrants in respect to it self and the Target Company in which he holds
equity as follows:

 

5.1.1Each
of the Personal Shareholders is a PRC citizen with full capacity, with full and independent legal status and legal capacity
to execute, deliver and perform this Agreement, and may act independently as a litigant party.

 

Each
of the Personal Shareholders has full power and authorization to execute and deliver this Agreement and all the other documents
to be entered into by it in relation to the transaction referred to herein, and it has the full power and authorization to complete
the transaction referred to herein.

 

5.1.2
This Agreement is executed and delivered by Personal Shareholders legally and properly. This Agreement constitutes the legal
and binding obligations on Personal Shareholders and is enforceable on it in accordance with its terms and conditions. The
Personal Shareholders are the enrolled legal owner of the Option Equity as of the effective date of this Agreement, and
except the rights created by this Agreement, the Shareholders' Voting Rights Proxy Agreement entered into by Personal
Shareholders, YIGO and their respective Target Company dated AUGUST 5, 2015 (the "PROXY
AGREEMENT"), the Equity Pledge Agreement entered into by it, YIGO, the Target Company dated (the
"EQUITY PLEDGE AGREEMENT"), there is no lien, pledge, claim and other encumbrances and third party rights on the
Option Equity. In accordance with this Agreement, YIGO and/or other entity or individual designated by it may,
after the Exercise of Option, obtain the proper title to the Transferred Equity free from any lien, pledge, claim and other
encumbrances and third party rights.

 

    	 	8	 

    

    

 

5.1.3
Target Company shall obtain complete Business Permits as necessary for its operations upon this Agreement taking effect, and Target
Company shall have sufficient rights and qualifications to operate within PRC the businesses of advertising and other business
relating to its current business structure. Target Company has conducted its business legally since its establishment and has
not incurred any cases which violate or may violate the regulations and requirements set forth by the departments of commerce
and industry, tax, culture, news, quality technology supervision, labor and social security and other governmental departments
or any disputes in respect of breach of contract.

 

5.2
YUZHI hereby represents and warrants in respect to it self and the Target Company in which it holds equity as follows:

 

5.2.1YUZHI 
is a limited liability company operation duly registered and validly existing under PRC Law, with independent status as a
legal person; YUZHI has full and independent legal status and legal capacity to execute, deliver and perform
this Agreement, and may act independently as a subject of actions.

 

5.2.2
YUZHI has full power and authorization to execute and deliver this Agreement and all the other documents to be entered
into by it in relation to the transaction referred to herein, and it has the full power and authorization to complete the transaction
referred to herein.

 

5.2.3
This Agreement is executed and delivered by YUZHI legally and properly. This Agreement constitutes legal and binding
obligations on it.

 

5.2.4
YUZHI  is the enrolled legal shareholder of the Option Equity when this Agreement comes into effect, except the
rights created by this Agreement, the Proxy Agreement, the Equity Pledge Agreement, there is no lien, pledge, claim and other
encumbrances and third party rights on the Option Equity. In accordance with this Agreement, YIGO and/or other entity
or individual designated by it may, upon the Exercise of Option, obtain the proper title to the Transferred Equity free from any
lien, pledge, claim and other encumbrances and third party rights.

 

    	 	9	 

    

    

 

5.2.5
Target Company shall obtain complete Business Permits as necessary for its Operations upon this Agreement taking effect, and Target
Company shall have sufficient rights and qualifications to operate within PRC the businesses of advertising and other business
relating to its current business structure. Target Company has conducted its business legally since its establishment and has
not incurred any cases which violate or may violate the regulations and requirements set forth by the departments of commerce
and industry, tax, culture, news, quality technology supervision, labor and social security and other governmental departments
or any disputes in respect of breach of contract.

 

The
remaining shareholders of the Target Companies set out in Appendix I hereto have given written approvals regarding the content
of this Agreement and have irrevocably undertaken, upon the Exercise of Option by YUZHI  of Option Equity in accordance
with this Agreement, to respectively waive possible rights of preemption and offer necessary assistance.

 

5.3
YIGO hereby represents and warrants as follows:

 

5.3.1YIGO is
a company with limited liability properly registered and legally existing under PRC Law, with an independent status as a
legal person. YIGO has full and independent legal status and legal capacity to execute, deliver and
perform this Agreement and may act independently as a subject of actions.

 

5.3.2
YIGO has full power and authorization to execute and deliver this Agreement and all the other documents to be entered
into by it in relation to the transaction referred to herein, and it has the full power and authorization to complete the transaction
referred to herein.

 

ARTICLE
6 - UNDERTAKINGS BY THE SHAREHOLDERS

 

6.1
The Shareholders hereby individually undertake within the term of this Agreement that it must take all necessary measures to ensure
that Target Company is able to obtain all the Business Permits necessary for its business in a timely manner and all the Business
Permits remain in effect at any time.

 

6.2
The Shareholders hereby individually undertake within the term of this Agreement that without the prior written consent by YIGO,

 

6.2.1no
Shareholders shall transfer or otherwise dispose of any Option Equity or create any encumbrance or other third party rights on
any Option Equity;

 

6.2.2
it shall not increase or decrease the Target Company Registered Capital or cast affirmative vote regarding the aforesaid
increase or decrease in registered capital; 
 
 6.2.3 it shall not dispose of or cause the management of Target Company
to dispose of any of the Target Company Assets (except as occurs during the arm’s length operations);

 

    	 	10	 

    

    

 

6.2.4
it shall not terminate or cause the management of Target Company to terminate any Material Agreements entered into by Target Company,
or enter into any other Material Agreements in conflict with the existing Material Agreements;

 

6.2.5it
shall not individually or collectively cause each Target Company to conduct any transactions that may substantively affect the
asset, liability, business operation, equity structure, equity of a third party and other legal rights (except those occurring
during the arm's length operations or daily operation, or having been disclosed to and approved by YIGO in writing);

 

6.2.6it
shall not appoint or cancel or replace any executive directors or members of board of directors (if any), supervisors or any other
management personnel of Target Company to be appointed or dismissed by the Shareholders;

 

6.2.7it
shall not announce the distribution of or in practice release any distributable profit, dividend or share profit or cast affirmative
votes regarding the aforesaid distribution or release;

 

6.2.8it
shall ensure that Target Company shall validly exist and prevent it from being terminated, liquidated or dissolved;

 

6.2.9
it shall not amend the Articles of Association of Target Company or cast affirmative votes regarding such amendment;

 

6.2.10
it shall ensure that Target Company shall not lend or borrow any money, or provide guarantee or engage in security activities
in any other forms, or bear any substantial obligations other than on the arm's length basis; and

 

6.2.11
If it acquires any equity interest of a new advertising company other than the Target Company within the term of this Agreement
and such new advertising company's business relies on the service provided by YIGO and/or Focus software, it shall
grant YIGO Transferred Option in respect to the equity interest held by it in such advertising company subject to
and upon the same terms and conditions of this Agreement.

 

6.3
The Shareholders hereby individually undertake that it must make all its efforts during the term of this Agreement to develop
the business of Target Company, and ensure that the operations of Target Company are legal and in compliance with the regulations
and that it shall not engage in any actions or omissions which might harm the Target Company Assets or its credit standing or
affect the validity of the Business Permits of Target Company.

 

    	 	11	 

    

    

 

6.4
Without limiting the generality of Article 6.3 above, considering the fact that each Shareholder of each Target Company sets aside
all the equity interest held thereby in each Target Company as security to secure the performance by each Target Company of the
obligations under the Exclusive Service Agreement, the performance of such Shareholder of the obligations under the Proxy Agreement,
the Shareholder undertakes to, within the term of this Agreement, make full and due performance of any and all of the obligations
on the part thereof under the Proxy Agreement, and to procure the full and due performance of each Target Company of any and all
of its obligations under the Exclusive Service Agreement and warrants that no adverse impact on exercising the rights under this
Agreement by YIGO will be incurred due to the breach by the Shareholder of the Proxy Agreement or the breach of
the Target Company of the Exclusive Service Agreement.

 

6.5
YUZHI undertakes that, before its Exercise of Option and acquire all equity of YUZHI , YUZHI  shall
not do the following:

 

6.5.1Sell,
transfer, mortgage or dispose by other way any assets, business, revenue or other legal rights of its own or any Target Company,
or permit creating any encumbrance or other third party's interest on such assets, business, revenue or other legal rights (except
as occurs during the arm's length or operations or daily operation, or as is disclosed to YIGO and approved by YIGO
in writing);

 

6.5.2conduct
any transactions that may substantively affect the asset, liability, business operation, equity structure, equity of a third party
and other legal rights (except those occurring during the arm's length operations or daily operation, or having been disclosed
to YIGO and approved by YIGO in writing);

 

6.5.3release
any dividend or share profit to the Personal Shareholders or cause the Target Company to do so in any form.

 

ARTICLE
7 - CONFIDENTIALITY

 

7.1
Notwithstanding the termination of this Agreement, the Shareholders shall be obligated to keep in confidence the following
information (hereinafter collectively the "CONFIDENTIAL 1NFORMATION"): (i) information on the execution,
performance and the contents of this Agreement; (ii) thecommercialsecret, proprietary information and customer
information in relation to YIGO known to or received by it as the result of execution and performance of this
Agreement; and (iii) the commercial secrets, proprietary information and customer information in relation to Target Company
known to or received by it as the shareholder of Target Company.

 

The
Shareholders may use such Confidential Information only for the purpose of performing its obligations under this Agreement. o
Shareholders shall disclose the above Confidential Information to any third parties without the written consent from YIGO,
or they shall bear the default liability and indemnify the losses.

 

    	 	12	 

    

    

 

7.2
Upon termination of this Agreement, both Shareholders shall, upon demand by YIGO, return, destroy or otherwise dispose
of all the documents, materials or software containing the Confidential Information and suspend using such Confidential Information.

 

7.3
Notwithstanding any other provisions herein, the validity of this Article shall not be affected by the suspension or termination
of this Agreement.

 

ARTICLE
8 - TERM OF AGREEMENT

 

8.1
This Agreement shall take effect as of the date of formal execution by the Parties. For each Shareholder, this Agreement shall
terminate in respect to such Shareholder when all the Option Equity of all the Target Company held by him is legally transferred
under the name of YIGO and/or other entity or individual designated by it in accordance with the provisions of this
Agreement.

 

8.2
After termination of this Agreement in respect to such Shareholder according to Article 8.1 above, this Agreement continues to
be fully valid in respect to other Shareholders.

 

ARTICLE
9  - NOTICE

  

9.1 Any
notice, request, demand and other correspondences made as required by or in accordance with this Agreement shall be made in writing
and delivered to the relevant Party.

 

9.2
The abovementioned notice or other correspondences shall be deemed to have been delivered when it is transmitted if transmitted
by facsimile or telex; it shall be deemed to have been delivered when it is delivered if delivered in person; it shall be deemed
to have been delivered five (5) days after posting the same if posted by mail.

 

    	 	13	 

    

    

 

ARTICLE
10 - LIABILITY FOR BREACH OF CONTRACT

 

10.1The
Parties agree and confirm that, if any party (hereinafter the "DEFAULTING PARTY") breaches substantially any of the
provisions herein or omits substantially to perform any of the obligations hereunder, or fails substantially to perform any of
the obligations under this Agreement, such a breach or omission shall constitute a default under this Agreement (hereinafter a
"DEFAULT"), then non-defaulting Party shall have the right to require the Defaulting Party to rectify such Default or
take remedial measures within a reasonable period. If the Defaulting Party fails to rectify such Default or take remedial measures
within such reasonable period or within ten (10) days of non-defaulting Party's notifying the Defaulting Party in writing and
requiring it to rectify the Default, then non-defaulting Party shall have the right at its own discretion to select any of the
following remedial measures:

 

(1)to
terminate this Agreement and require the Defaulting Party to indemnify it for all the damage; or

 

(2)mandatory
performance of the obligations of the Defaulting Party hereunder and require the Defaulting Party to indemnify it for all the
damage.

 

10.2Without
limiting the generality of Article 10.1, any breach of the Proxy Agreement, the Equity Pledge Agreement shall be deemed as having
constituted the breach by such Shareholder of this Agreement; and any breach by Target Company of any provision in the Exclusive
Service Agreement, if attributable to the failure of any Shareholder to perform the obligations thereof under Article 6.4 hereof,
shall be deemed as having constituted the breach by such Shareholder of this Agreement.

 

10.3The
Parties agree and confirm that in no circumstances shall the Shareholders request the termination of this Agreement for any reason,
except otherwise stipulated by law or this Agreement.

 

10.4Notwithstanding
any other provisions herein, the validity of this Article shall stand disregarding the suspension or termination of this Agreement.

 

ARTICLE
11 - MISCELLANEOUS

 

11.1
This Agreement shall be prepared in the Chinese language in sixt (6) original copies, with each involved Party holding one (1)
copy hereof.

 

11.2
The formation, validity, execution, amendment, interpretation and termination of this Agreement shall be subject to PRC Law.

 

11.3
Any disputes arising hereunder and in connection herewith shall be settled through consultations among the Parties, and if the
Parties cannot reach an agreement regarding such disputes within thirty (30) days of their occurrence, such disputes shall be
submitted to China International Economic and Trade Arbitration Commission for arbitration in Guangzhou in accordance with the
arbitration rules of such Commission, and the arbitration award shall be final and binding on all Parties.

 

11.4
Any rights, powers and remedies empowered to any Party by any provisions herein shall not preclude any other rights, powers and
remedies enjoyed by such Party in accordance with laws and other provisions under this Agreement, and the exercise of its rights,
powers and remedies by a Party shall not preclude its exercise of its other rights, powers and remedies by such Party.

 

    	 	14	 

    

    

 

11.5
Any failure or delay by a Party in exercising any of its rights, powers and remedies hereunder or in accordance with laws (hereinafter
the “PARTY’S RIGHTS”) shall not lead to a waiver of such rights, and the waiver of any single or partial exercise
of the Party's Rights shall not preclude such Party from exercising such rights in any other way and exercising the remaining
part of the Party's Rights.

 

11.6
The titles of the Articles contained herein shall be for reference only, and in no circumstances shall such titles be used in
or affect the interpretation of the provisions hereof.

 

11.7
Each provision contained herein shall be severable and independent from each of other provisions, and if at any time any one or
more articles herein become invalid, illegal or unenforceable, the validity, legality or enforceability of the remaining provisions
herein shall not be affected as a result thereof.

 

11.8
Upon execution, this Agreement shall substitute any other legal documents previously executed by the Parties on the same subject.

 

11.9
Any amendments or supplements to this Agreement shall be made in writing and shall take effect only when properly signed by
the Parties to this Agreement. Notwithstanding the preceding sentence, considering that the rights and obligations of each of
the Shareholders hereunder are independent and severable from each other, in case the amendment or supplement to this
Agreement is intended to have impact upon one of the Shareholders, such amendment or supplement requires the approval of such
Shareholder only and it is not required to obtain the approval from the other ones of the Shareholders (to the extent the
amendment or supplement do not have impact upon such other Shareholders).

 

11.10
Without prior written consent by YIGO, the Shareholders shall not transfer to any third party any of its right and/or
obligation under this Agreement, YIGO shall have the right to transfer to any third party designated by it any of
its right and/or obligation under this Agreement after notice to the Shareholders.

 

11.11
This Agreement shall be binding on the legal successors of the Parties.

 

Notwithstanding
any provision to the contrary in this Agreement, in case of the event stipulated under Article 6.2.10, the relevant Shareholder
shall, upon request by YIGO, procure that such new advertising company should be included as a Target Company defined
hereunder and that the all the equity interest held by such Shareholder in such new advertising company shall become the Option
Equity defined hereunder, by signing the acknowledgement letter in substantially the form attached hereto as Appendix IV. Considering
that the rights and obligations of each of the Shareholders hereunder are independent and severable from each other, the arrangement
procuring that the equity interest in such new advertising company becoming the Option Equity will have no impact on the rights
or obligations of the other Shareholders, the above arrangement requires written confirmation of YIGO and the relevant
Shareholder only. The other Shareholders hereto hereby grant irrevocable and unconditional waiver in respect to such arrangement,
and further acknowledge that the relevant Shareholder should not be obligated to obtain approval from them when he or it make
the equity interest held by him or it Option Equity.

 

[The
remainder of this page is left blank]

 

    	 	15	 

    

    

 

(EXECUTION
PAGE)

 

IN
WITNESS HEREOF, the Parties have caused this Exclusive Service Agreement to be executed in Guangzhou as of the date first
herein above mentioned.

 

	WENBIN
    YANG 	 
	 	 	 
	Signature by:	/s/
    Wenbin Yang	 
	 	 	 
	PING
    LI	 	 
	 	 	 
	Signature
    by:	/s/
    Ping Li	 

 

MOVE THE
PURCHASE CONSULTING MANAGEMENT (SHENZHEN) CO., LTD (Company chop)

 

	Signature by:   /s/	 	 
	Name:	 	 
	Position:	Authorized
    Representative	 

 

GUANGZHOU
YUZHI MDT INFO TECH LTD (Company chop)

 

	Signed
    by:	/s/
    Ping Li	 
	Name:	 	 
	Position:	Authorized
    Representative	 

 

SHENZHEN
QIANHAI ZHUO ZUICHANG TIAN TECHNOLOGY CO., LTD. (Company chop)

 

	Name:	 	 
	Position:	Authorized
    Representative	 

 

GUANGZHOU
ROUNGSHENG MDT INFO TECH LTD (Company chop)

  

	Name:	 	 
	Position:	Authorized
    Representative	 

 

    	 	16	 

    

    

 

APPENDIX
I:

 

BASIC
INFORMATION OF OTHER TARGET COMPANIES HELD BY YUZHI

 

	COMPANY
    NAME	 	REGISTERED
    ADDRESS  	 	REGISTERED CAPITAL    	 	LEGAL

REPRESENTATIVE 	 	EQUITY
    STRUCTURE
	SHENZHEN
    QIANHAI ZHUO ZHICHANG TIAN TECHNOLOGY CO., LTD.	 	Room
    201, Block A, NO 1 Qianwan road QianHaiShen Port Cooperative District, Shenzhen            
       	 	RMB
    10,000,000                                	 	Zuyue
    Xiang                    	 	GUANGZHOU
    YUZHI MDT INFO TECH LTD100%    
	GUANGZHOU
    RONGSHENG MDT INFO TECH LTD	 	Unit
    1601, No 439, Dongfeng Road, Yuexiu District, Guangzhou            	 	RMB
    1,000,000                          	 	Zuyue
    Xiang                	 	SHENZHEN
    QIANHAI ZHUO ZHICHANG TIAN TECHNOLOGY CO., LTD.100%

    	 	17	 

    

    

 

 

 

APPENDIX II:

 

FORMAT
OF THE OPTION EXERCISE NOTICE 

 

To:

 

As
our company and you/your company and other relevant parties signed an Call Option Agreement as of [date] (hereinafter the "OPTION
AGREEMENT"), and reached an agreement that you/your company shall transfer the equity you/your company hold in [name of the
Target Company](hereinafter the "TARGET COMPANY") to our company or any third parties designated by our company on demand
of our company to the extent as permitted by PRC Law and regulations, Therefore, our company hereby gives this Notice to you/your
as follows:

 

Our
company hereby requires to exercise the Call Option under the Option Agreement and [our company]/[name of
company/individual] designated by our company shall accept the equity you/your company hold accounting for_________% of
[name of the Target Company] Registered Capital (hereinafter the "PROPOSED ACCEPTED EQUITY"). You/Your company is
required to forthwith transfer all the Proposed Accepted Equity to [our company]/[name of designated company/individual] upon
receipt of this Notice in accordance with the agreed terms in the Option Agreement. Best regards,

 

MOVE
THE PURCHASE CONSULTING MANAGEMENT (SHENZHEN) CO., LTD (Chop)

 

Authorized
Representative: 

Date:

 

    	 	18	 

    

    

 

APPENDIX
III:

 

FORM
OF THE POWER OF ATTORNEY

 

I/The
company, __________________________________, hereby irrevocably entrust __________________ [with his/her identity card
number of], as the authorized representative of me/the company,
to sign the Equity Transfer Agreement and other relevant legal documents between me and _________________ regarding the Equity
Transfer of [name of the Target Company]

 

Signature:

Date:

 

    	 	19	 

    

    

 

APPENDIX
IV:

 

ACKNOWLEDGEMENT
LETTER

 

I[name]
(ID Card number:_____)/This company (registered address ), as an independent party, hereby agree to grant Shenzhen YIGO
Management and Consultation Co., Ltd.(hereinafter the "YIGO ") with an irrevocable equity Call
Option (hereinafter "CALL OPTION") in respect to [        ]% of the equity share of [        ] (hereinafter the "NEW TARGET COMPANY")
held by me/this company.

 

Once
this Acknowledgement Letter is executed by me/this company, the New Target Company and the newly increase equity share begin to
be the "Target Company" and "Option Equity" defined under the Call Option Agreement (hereinafter the "CALL
OPTION AGREEMENT") entered into between me/this company, YIGO and other relevant parties dated [          ]; and
l/this company immediately make the same representations and warranties in respect to the New Target Company and relevant equity
Call Option as I/this company made under the Call Option Agreement in respect to the defined Target Company and Call Option.

 

[NAME
OF THE SHAREHOLDER/NAME OF THE COMPANY

(Company chop)

 

Signature
by:

Name:

Position:     Authorized
Representative]

 

MOVE
THE PURCHASE CONSULTING MANAGEMENT (SHENZHEN) CO., LTD 

(Company chop)

 

Signature
by: 

Name: 

Position:    Authorized
Representative] 

 

 

20

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