Document:

Exhibit 10.1

 

 

LETTER AGREEMENT

 

Dated as of April 24,
2014

 

This
letter agreement (“Agreement”) sets forth the terms and conditions of a transaction (the “Transaction”)
whereby NanoMed Targeting Systems Inc., whose address is 4901 Richmond Square, Suite 103, Oklahoma City, OK 73118, or any of its
successors, assigns, subsidiaries or affiliates (collectively referred to herein as the “Company”) will effect a reverse
merger (the “Merger”) with and into Stalar 2, Inc., a Delaware corporation (the “Reporting Company”), an
entity controlled by Dr. Steven Fox, whose address is c/o Dr. Steven Fox, 317 Madison Avenue, Suite 1520, New York, NY 10017. The
Company and the Reporting Company may be referred to herein individually as a “Party” or collectively as the “Parties.”

 

This
Agreement evidences the agreement of the Parties and sets forth the general guidelines pursuant to which they will fulfill their
respective due diligence obligations and discharge their fiduciary duties by negotiating in good faith, the terms and conditions
of definitive transaction agreements (the “Transaction Agreements”).

 

		1.	Form of Transaction.

 

		(a)	The Merger shall be structured to include the following elements: (i) the
acquisition by the Reporting Company of all of the outstanding equity interests of the Company from the owners thereof in exchange
for newly issued shares of common stock of the Reporting Company and (ii) a private placement transaction by the Reporting Company
resulting in gross proceeds to the Reporting Company of at least $1 million which shall occur simultaneously with the closing of
the Merger (the “Private Placement”).

 

		(b)	Immediately following consummation of the Merger and Private Placement, the
fully-diluted capital stock of the Reporting Company (calculated post-money, e.g. after the Private Placement) shall be held as
follows: (i) the previous shareholders of the Reporting Company and the investors in the Private Placement shall own an aggregate
of forty-five percent (45%), and (ii) the prior shareholders of the Company, and any shareholders resulting from the Company’s
other capital-raising activities including, but not limited to, those referenced below, shall own fifty-five percent. The shares
held by the previous shareholders of the Reporting Company shall be entitled to piggy-back registration rights.

 

		2.	Exclusive Dealing.

 

(a)Except for up
to $105,000, which can be raised by the Company, the Company, the Company’s shareholders and the Company’s directors,
officers, employees and agents: will not directly or indirectly, through any representative or otherwise, solicit or entertain
offers from, negotiate with or in any manner encourage, discuss, accept, or consider any proposal of any other person relating
to an acquisition or merger of the Company into an entity that is a reporting company under the Exchange Act of 1934, as amended,
for a period of twelve months from the date hereof.

 

(b)The Company will
immediately notify the Reporting Company regarding any contact between the Company, and any other person or entity regarding any
such offer or proposal or any related inquiry.

 

		3.	Costs; Escrow. It is hereby understood and agreed that: (i) the Company
shall bear all of the costs and expenses (including broker's or finder’s fees, if any, and the expenses of its representatives,
including, without limitation, attorneys’ fees and accountants' fees) incurred at any time in connection with preparation
and filing of any registration statement filings, shareholder exchanges agreements, 14(f) information statements, form 211, and
such related filings and agreements; (ii) the Reporting Company shall bear all of the costs and expenses (including broker's or
finder’s fees, if any, and the expenses of its representatives, including, without limitation, attorneys’ fees and
accountants' fees) incurred at any time in connection with preparation and filing of its periodic filings on Form 10-Q, Form 10-K
and Form 8-K when applicable. As to the remaining costs and expenses, the Company and the Reporting Company will be each responsible
for and bear all of their own costs and expenses.

 

		4.	No Fiduciary Relationship. It is understood and agreed that neither
the Reporting Company, nor its officers or directors are acting as agent or fiduciary of, and have no liabilities to, the equity
holders of the Company or any other third party in connection with this Agreement or the Merger, all of which liabilities are expressly
waived.

    	 

    	 

    

		5.	Initial Due Diligence. The Reporting Company, on one hand, and the
Company, on the other hand, shall have the right to perform initial due diligence (“Initial Due Diligence”) of the
other Party as it deems necessary and appropriate so that it can determine, in its sole and absolute discretion, whether the other
Party is a suitable candidate for the Merger. Reporting Company’s Initial Due Diligence may include, without limitation,
consultation with the Company’s accountants and PCAOB-registered independent auditing firm regarding whether the Company’s
financial statements can be audited in accordance with US GAAP and the requirements of the SEC. The Company’s Initial Due
Diligence may include, without limitations, the shareholders list of the Reporting Company. Either Party shall have the right to
terminate this Agreement upon giving notice to the other Party, if it determines, in its sole and absolute discretion, that it
is not satisfied with a material item discovered during the due diligence process (a “Due Diligence Exception”).

 

		6.	Definitive Transaction Agreements. As soon as shall be reasonably
practicable after the execution of this Agreement, but no later than August 24, 2014, the Parties will enter into the definitive
Transaction Agreements. It is expected that the definitive Transaction Agreements will reflect the following closing conditions
/ deliverables:

 

		(a)	The completion of the Private Placement.

 

		(b)	The delivery by the Company of audited financial statements of the Company
for the fiscal years specified in Rule 8-04(b) of Regulation S-X and the unaudited consolidated financial statements of the Company
for the interim periods specified in Rule 8-04(b) of Regulation S-X.

 

		(c)	The delivery by the Company of written information regarding the Company’s
business, properties, liquidity and capital resources, officers, directors, principal shareholders, material pending litigation
and any and all such other matters as required to be filed in the Reporting Company’s Current Report on Form 8-K reporting
the transaction (collectively, the “Form 10 Information”).

 

		(d)	The appointment of certain individuals as officers and directors of the Reporting
Company as agreed by the Parties.

 

		7.	Confidential Information.

 

(a) For the purposes
of this Agreement, the “Confidential Information” of one Party (the “Disclosing Party”) shall mean any
and all documents, information, trade secrets or other data (whether recorded or otherwise), concerning such Party or any of its
subsidiaries or other affiliates, their respective businesses, customers, potential customers, suppliers, partners, service providers,
brokers, marketing plans, advertising, contracts, potential contracts, strategies, forecasts, pricing methods, practices, techniques,
business plans, financial plans, research, development, purchasing, accounting, know-how, technical data, processes and product
development.

 

(b) Each Party that receives
Confidential Information (a “Receiving Party”) of a Disclosing Party hereby agrees that it shall (i) hold in confidence
all Confidential Information of the Disclosing Party and will not, either directly or indirectly, use, sell, lend, lease, distribute,
license, give, transfer, assign, show, disclose, disseminate, reproduce, copy, appropriate or otherwise communicate any such Confidential
Information, without the prior written consent of the Disclosing Party, and (ii) upon the request of the Disclosing Party, the
Receiving Party shall deliver to the Disclosing Party all memoranda, notes, records, manuals and other documents, including all
copies of such materials and all documentation prepared or produced in connection therewith, containing the Disclosing Party’s
Confidential Information, whether made or compiled by the Receiving Party or furnished to the Receiving Party from another source.

 

(c) Notwithstanding the
provisions of Section (b), either Party (a “Revealing Party”) shall have the authority to disclose Confidential Information
about the Disclosing Party, to the extent that such disclosure is: (i) required by law; (ii) required by the rules and regulations
of any governmental agency (including without limitation the U.S. Securities and Exchange Commission) or self-regulatory organization
(“SROs”), including without limitation FINRA, the Over-the-Counter Bulletin Board, the Nasdaq Stock Market, the American
Stock Exchange and the New York Stock Exchange; (iii) required by order of any arbitrator, mediator or court having jurisdiction
over the Revealing Party; or (iv) information that has already become public through no action of the Revealing Party; and provided
further that in the case of a disclosure under Sections 5(c)(i), (ii) or (iii), the Revealing Party shall give prompt written notice
to the Disclosing Party so that the Disclosing Party may, in its sole and absolute discretion, but without affecting the right
and obligations of the Revealing Party to make the disclosures required of it, seek to take action to limit the disclosures required
of the Revealing Party.

 

		8.	Indemnification. To the fullest extent permitted by law, the
Company, on the one hand, and the Reporting Company, on the other hand, will, and hereby does, indemnify, hold harmless and defend
the other Party and its directors, officers, employees, counsel, agents, representatives of, and each person, if any, who controls
within the meaning of the Securities Act or the Exchange Act, the other Party (each, an “Indemnified Person”), against
any losses, claims, damages, liabilities, judgments, fines, penalties, charges, costs, attorneys’ fees, amounts paid in settlement
or expenses, joint or several (collectively, a “Claim”) incurred in investigation, preparing or defending any action,
claim, suit, inquiry, proceeding, investigation or appeal taken from the foregoing by or before any court or governmental, administrative
or other regulatory agency or body, whether pending or threatened, whether or not an Indemnified Person is or may be a Party thereto,
to which any of them may become subject, insofar as such Claims arise out of or are based upon any breach of any of the respective
representations, warranties, covenants and agreements contained in this Agreement. The indemnifying Party shall reimburse the Indemnified
Person, promptly as such expenses are incurred and are due and payable. This section shall survive termination of this Agreement.

    	 

    	 

    

 

		9.	Independent Contractor. In the performance of the services provided
under this Agreement and any other services one Party may provide to the other, the parties shall act in the capacity of independent
contractor and not as officer, employee, joint venture or partner of the other Party.

 

		10.	Entire Agreement. This Agreement constitutes the entire agreement
between the parties hereto, and supersedes all prior oral or written agreements, understandings, representations and warranties,
and courses of conduct and dealing between the parties on the subject matter hereof. Except as otherwise provided herein, this
Agreement may be amended or modified only in writing, executed by all of the parties hereto.

 

		11.	Governing Law; Dispute Resolution. This Agreement will be governed
by and construed under the laws of the State of New York but without regard to conflicts of laws principles. The Reporting Company,
in its sole discretion, may commence a legal action or claim for specific performance against the Company in the State of New York.
The Company hereby submits to the exclusive personal and subject matter jurisdiction of the federal or state courts located in
the State of New York.

 

		12.	Counterparts. This Agreement may be executed in one or more counterparts
by delivery of an original or electronic copy of a signed counterpart, each of which will be deemed to be an original copy of this
Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement.

 

		13.	Term and Termination. This Agreement shall be in effect for a period
of four (4) months from the date hereof; provided, however, in the event that one of the Parties determines that there is a Due
Diligence Exception, then that Party shall have the right to immediately terminate this Agreement without any liability to the
other Party. Notwithstanding anything to the contrary contained in this Agreement, Section 7 (confidentiality) and Section 8 (indemnification)
shall survive the termination of this Agreement for periods of seven years and three years from the date of this Agreement, respectively.

 

		14.	Notices. All notices and other communications given or made pursuant
to this Agreement shall be in writing and shall be deemed effectively given: (i) upon personal delivery to the Party to be notified;
(ii) when sent, if sent by electronic mail (with electronic receipt requested) or facsimile during normal business hours of the
recipient, and if not sent during normal business hours, then on the recipient’s next business day; (iii) three (3) calendar
days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (iv) one (1) business
day after deposit with a nationally recognized overnight courier, freight prepaid, specifying next business day delivery, with
written verification of receipt. All communications shall be sent to the respective parties at their address as set forth on the
first page of this Agreement, or to such e-mail address, facsimile number or address as subsequently modified by written notice
given in accordance with this Section 12.

 

		15.	Severability. The invalidity or unenforceability of any provision
hereof shall in no way affect the validity or enforceability of any other provision.

 

		16.	Successors and Assigns. The terms and conditions of this Agreement
shall inure to the benefit of and be binding upon the respective successors and assigns of the Parties. Nothing in this Agreement,
express or implied, is intended to confer upon any party other than the Parties hereto or their respective successors and assigns
any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement.

 

		17.	Amendment. Any amendments to this Agreement shall be in writing, signed
by both Parties.

 

[SIGNATURE PAGE FOLLOWS]

 

 

 

 

    	 

    	 

    

 

 

VERY TRULY YOURS,

 

Stalar 2, Inc.

 

	By:	/s/Steven R. Fox	 
	 	Dr. Steven R. Fox, President	 

ACKNOWLEDGED AND AGREED TO BY:

 

COMPANY:

 

NANOMED TARGETING SYSTEMS
INC.

 

	By:	/s/ Alex Harel	 
	 	Alex Harel - CEOExhibit 4.12

 

English Translations for Reference

 

LOAN AGREEMENT

 

THIS LOAN AGREEMENT (“this Agreement”) is entered into by the following two parties in Shenzhen as of April 18, 2011:

 

Party A: Ying Si Kang Information Technology (Shenzhen) Co., Ltd.

Address: Rom 2108-2110-35, Jiahe Huaqiang Building, Shennan Road, Futian District, Shenzhen

 

Party B: Chunlin Wang

ID Card No.:

 

WHEREAS:

 

	
1.

	
Party A is a wholly foreign-owned enterprise duly incorporated under the laws of the People’s Republic of China (the “PRC”);

 

	
2.

	
Party B is a Chinese citizen and holds 75% equity interest in Shenzhen Xinbao Investment Management Co., Ltd. (“ Shenzhen Xinbao”);

 

	
3.

	
Party B desires to borrow a loan from Party A by pledging its equity interest in Shenzhen Xinbao, and Party A agrees to extend a loan in an amount of Seven Million and Five Hundred Thousand Renminbi (RMB7,500,000) to Party B.

 

NOW THEREFORE, after friendly negotiations, both parties hereby agree as follows for mutual observance:

	
1.

	
In accordance with the terms and conditions of this Agreement, Party A agrees to grant an interest-free loan in an amount of Seven Million and Five Hundred Thousand Renminbi (RMB7,500,000) to Party B, and Party B agrees to accept such loan.

 

	
2.

	
The term of the loan under this Agreement shall start from the date when the loan is withdrawn until ten (10) years after signing this Agreement, and may be extended subject to the mutual agreement between both parties. During the loan term or any extension thereof, Party A shall have the right, by giving written notice to Party B, to decide that the loan under this Agreement is due immediately and request Party B to repay the loan in the manner as specified herein if Party B has any of the following circumstances:

 

	 	
2.1 

	
Party B resigns from or is dismissed by Party A or any of its affiliates;

 

	 	
2.2 

	
Party B dies or loses its civil capacity or its capacity for civil conduct is restricted;

 

	 	
2.3 

	
Party B commits a crime or is involved in a crime;

 

  

1

  

	 	
2.4 

	
Any other third party claims more than One Hundred Thousand Renminbi (RMB100,000) against Party B; or

 

	 	
2.5 

	
Party A has given to Party B a written notice regarding the purchase of Party B’s equity interest in Shenzhen Xinbao according to the provisions of the “Exclusive Purchase Option Agreement” as set forth in Article 3 hereof to exercise its call option.

 

	
3.

	
Both parties hereby agree and acknowledge that, subject to the permission of and to the extent permitted by the PRC laws, Party A shall be entitled but not obliged to, at any time, purchase, or designate other person (including natural person, legal person or any other entity), to purchase all or part of the equity interest held by Party B in Shenzhen Xinbao (the “Call Option”), provided, however, that Party A gives a written notice about equity purchase to Party B. Once such written notice about exercising the Call Option is given by Party A, Party B shall, according to Party A’s intention and instructions, transfer its equity interest in Shenzhen Xinbao to Party A or other person designated by Party A at its original investment price (the “Original Investment Price”) or if otherwise specified by laws, at another price agreed upon by Party A. Both parties hereby agree and acknowledge that when Party A exercises the Call Option, if the lowest equity price permitted by the applicable laws and regulations then in effect is higher than the Original Investment Price, the purchase price for Party A or its designee shall be the lowest price permitted by laws. Both parties agree to execute the “Exclusive Purchase Option Agreement” with respect thereto.

 

	
4.

	
Both parties hereby agree and acknowledge that Party B shall repay the loan in the manner as given below only: when the loan is due, Party B (or any of its successors, heirs or assignees) shall, at Party A’s written request, transfer its equity interest in Shenzhen Xinbao to Party A or its designee subject to the permission of the PRC laws, and shall use the proceeds from such equity transfer to repay the loan under this Agreement.

 

	
5.

	
Both parties hereby agree and acknowledge that except as otherwise provided for herein, the loan under this Agreement is interest-free. But when the loan is due and Party B needs to transfer its equity interest hereunder to Party A or its designee, if the actual equity transfer price is higher than Party B’s loan principal, due to legal requirements or other reasons, the excess shall be deemed as loan interest or fund utilization costs to the extent permitted by laws, and shall paid to Party A together with loan principal.

 

	
6.

	
Both parties hereby agree and acknowledge that Party B’s obligations under this Agreement are deemed to be fully performed only if all the following conditions are met:

 

	 	
6.1 

	
Party B has transferred all its equity interest in Shenzhen Xinbao to Party A and/or its designee; and

 

	 	
6.2 

	
Party B has paid to Party A as loan repayment all proceeds from equity transfer or the maximum amount permitted by laws (including principal and the highest loan interest permitted by applicable laws then in force).

 

  

2

  

	
7.  

	
To secure the performance of the debts under this Agreement, Party B agrees to pledge all its equity interest in Shenzhen Xinbao to Party A (the “Equity Pledge”). Both parties agree to execute an “Equity Pledge Agreement” with respect thereto.

 

	
8.  

	
As of the execution date of this Agreement, Party A hereby represents and warrants to Party B that:

 

	 	
8.1 

	
Party A is a wholly foreign-owned enterprise incorporated and validly existing under the PRC laws;

 

	 	
8.2 

	
Party A has the authority to execute and perform this Agreement. The execution and performance by Party A of this Agreement comply with its business scope, articles of association or other organizational documents, and Party A has obtained all necessary and appropriate approvals and authorizations with respect to the execution and performance of this Agreement;

 

	 	
8.3 

	
The execution and performance of this Agreement by Party A do not violate any laws, regulations, government approvals, authorizations, notices or other government documents binding upon or influencing it, any agreement signed by it with any third party or any undertaking made by it to any third party; and

 

	 	
8.4 

	
Once executed, this Agreement constitutes a legal, valid and binding obligation of Party A, enforceable against Party A in accordance with its provisions.

 

	
9.

	
From the execution date of this Agreement until the termination hereof, Party B hereby represents and warrants to Party A that:

 

	 	
9.1

	
Shenzhen Xinbao is a limited liability company incorporated and validly existing under the PRC laws, whose registered capital has been paid up and which has obtained capital verification report issued by a qualified accounting firm. Shenzhen Xinbao has completed all government approvals, authorizations, licenses, registrations, filing, etc necessary to carry out the business activities within its business scope and to possess its assets;

 

	 	
9.2

	
Party B legally owns 75% equity interest in Shenzhen Xinbao;

 

	 	
9.3

	
Party B has the authority to execute and perform this Agreement. The execution and performance by Party B of this Agreement comply with the articles of association or other organizational documents of Shenzhen Xinbao, and Party B has obtained all necessary and appropriate approvals and authorizations with respect to the execution and performance of this Agreement;

 

	 	
9.4

	
The execution and performance of this Agreement by Party B do not violate any laws, regulations, government approvals, authorizations, notices or other government documents binding upon or influencing it, any agreement signed by it with any third party or any undertaking made by it to any third party;

 

	 	
9.5

	
Once executed, this Agreement constitutes a legal, valid and binding obligation of Party B, enforceable against Party B in accordance with its provisions;

 

  

3

  

	 	
9.6

	
Except for the provisions stipulated in the “Equity Pledge Agreement” and “Exclusive Purchase Option Agreements”, Party B has not mortgaged, pledged or otherwise encumbered its equity interest in Shenzhen Xinbao, given an offer about the transfer of such equity interest to any third party, made any commitment about the offer of any third party to purchase its equity interest, or executed any agreement with any third party to transfer its equity interest in Shenzhen Xinbao;

 

	 	
9.7

	
There are no existing or potential disputes, litigations, arbitrations, administrative proceedings or other legal proceedings in connection with Party B’s equity interest in Shenzhen Xinbao.

 

	
10.  

	
Party B covenants that it shall, during the term of this Agreement:

 

	 	
10.1

	
Without Party A’s prior written consent, not sell, transfer, mortgage or otherwise dispose of or cause any other security interest to be created on its equity interest or other interests in Shenzhen Xinbao, except for the equity pledge and other rights created for the benefit of Party A;

 

	 	
10.2

	
Without Party A’s prior written consent, not vote for or support or execute at the shareholders’ meetings of Shenzhen Xinbao any shareholders’ resolution approving the sale, transfer, mortgage or otherwise disposal of, or causing any other security interest to be created on, its legal or beneficial interest in the equity interest of Shenzhen Xinbao;

 

	 	
10.3

	
Without Party A’s prior written consent, not vote for or support or execute at the shareholders’ meetings of Shenzhen Xinbao any resolution approving Shenzhen Xinbao to be merged or consolidated with, acquire or invest in, any person;

 

	 	
10.4

	
Promptly inform Party A of any existing or potential litigation, arbitration or administrative proceedings relating to Party B’s equity interest in Shenzhen Xinbao;

 

	 	
10.5

	
Execute all necessary or appropriate documents, take all necessary or appropriate actions and bring all necessary or appropriate lawsuits or make all necessary and appropriate defenses against all claims in order to maintain the ownership over its equity interest in Shenzhen Xinbao;

 

	 	
10.6

	
Not do any act and/or omission that may materially affect the assets, business and liabilities of Shenzhen Xinbao without Party A’s prior written consent;

 

	 	
10.7

	
At Party A’s request, appoint any person nominated by Party A as the director of Shenzhen Xinbao;

 

	 	
10.8

	
When Party A exercises its Call Option described herein, transfer all of Party B’s equity interest in Shenzhen Xinbao promptly and unconditionally to Party A and/or its designee subject to the permission of and to the extent permitted by the PRC laws;

 

  

4

  

	 	
10.9

	
Not request Shenzhen Xinbao to distribute dividends or profits to it;

 

	 	
10.10

	
In case its equity interest in Shenzhen Xinbao is transferred to Party A or its designee, Party B will, subject to compliance with legal requirements, pay all equity transfer proceeds to Party A as the loan principal and as the loan interests or fund utilization costs permitted by laws;

 

	 	
10.11

	
Comply strictly with the provisions of this Agreement, fully perform its obligations under this Agreement and not do any act/omission that affects or impairs the validity and enforceability of this Agreement.

 

	
11.

	
Party B undertakes that within the term of this Agreement, it will, in the capacity of the shareholder of Shenzhen Xinbao, cause Shenzhen Xinbao:

 

	 	
11.1

	
Not to supplement, amend or modify its articles of association in any way, or to increase or decrease its registered capital, or to change its capital structure in any way without Party A’s prior written consent;

 

	 	
11.2

	
To maintain its existence, and to operate its business and deal with matters prudently and effectively, subject to good financial and business rules and practices;

 

	 	
11.3

	
Not to sell, transfer, mortgage or otherwise dispose of, or cause any other security interest to be created on, the legal or beneficial interests in any of its assets, business or income at any time after the signing of this Agreement without Party A’s prior written consent;

 

	 	
11.4

	
Not to create any liability, without Party A’s prior written consent, except (i) the liability arising from the normal course of business, but not arising from the loan; and (ii) the liability disclosed to Party A and approved by Party A in writing;

 

	 	
11.5

	
To operate persistently all the business in the normal course of business to maintain the value of its assets;

 

	 	
11.6

	
Not to execute any material contracts (a contract will be deemed material if its value exceeds One Hundred Thousand Renminbi (RMB100,000)), without Party A’s prior written consent, other than those executed during the normal course of business;

 

	 	
11.7

	
To provide information concerning all of its operations and financial performance at Party A’s request;

 

	 	
11.8

	
Not to be merged or consolidated with, acquire or invest in, any other person without Party A’s prior written consent;

 

  

5

  

	 	
11.9

	
Not to distribute dividends to each shareholder in any way without Party A’s prior written consent. However, Shenzhen Xinbao shall promptly distribute all its distributable profits to Party A’s shareholders upon Party A’s request;

 

	 	
11.10

	
To inform promptly Party A of any existing or potential litigation, arbitration or administrative proceedings concerning its assets, business or income;

 

	 	
11.11

	
To execute all necessary or appropriate documents, to take all necessary or appropriate actions and to bring all necessary or appropriate lawsuits or to make all necessary and appropriate defenses against all claims in order to maintain the ownership over all its assets;

 

	 	
11.12

	
To comply strictly with the agreements with respect to the technological support and consulting services (the “Service Agreements”) and other agreements executed by it with Party A’s affiliates, to perform its obligations under the Service Agreements and other agreements, and not to do any act/omission that affects the validity and enforceability of such agreements.

 

	
12.  

	
This Agreement shall be binding on and inure to the benefit of both parties hereto and their respective successors, heirs and permitted assignees. Without the prior written approval of Party A, Party B shall not transfer, pledge or otherwise assign any of its rights, benefits or obligations under this Agreement.

 

	
13.  

	
Party B hereby agrees that Party A may assign its rights and obligations under this Agreement to any other third parties when necessary. Party A shall only be required to notify Party B in writing when such transfer occurs and no further consent from Party B shall be needed in respect of the transfer.

 

	
14.  

	
The formation, validity, interpretation, performance, amendment and termination of and resolution of disputes in connection with this Agreement shall be governed by the PRC laws.

 

	
15.  

	
Arbitration

 

	 	
15.1

	
Any dispute, controversy or claim arising from the interpretation and performance in connection with this Agreement (including any question regarding its existence, validity or termination) shall be settled by both parties through friendly consultations. In case no settlement can be reached within thirty (30) days after one party makes a request for settlement, either party may submit such dispute to the China International Economic and Trade Arbitration Commission (“CIETAC”) for arbitration in accordance with its arbitration rules then in effect at the time of applying for arbitration. The arbitration award shall be final and binding upon both parties;

 

	 	
15.2

	
The seat of arbitration shall be Shenzhen;

 

	 	
15.3

	
The language of arbitration proceedings shall be Chinese.

 

  

6

  

	
16.  

	
This Agreement shall be formed on its signing date. This Agreement shall be effective as of the date on which the loan is released until both parties have performed their obligations under this Agreement.

 

	
17.  

	
Party B shall not terminate or revoke this Agreement unlessParty A commits a gross negligence, fraud or other material illegal acts; or Party A goes bankrupt.

 

	
18.  

	
This Agreement shall not be amended or modified except with the written consent of both parties. In case of anything not covered herein, both parties may make supplements hereto by signing a written agreement. Any amendment, modification, supplement or annex to this Agreement shall form an integral part of this Agreement.

 

	
19.  

	
This Agreement constitutes the entire agreement between both parties with respect to the transactions contemplated herein and supersedes all prior oral discussions or written agreements reached by both parties with respect to the transactions mentioned above.

 

	
20.  

	
This Agreement is severable. If any provision of this Agreement is held to be invalid or unenforceable, such provision shall not affect the validity and enforceability of the remainder of this Agreement.

 

	
21.  

	
Each party hereto shall keep in strict confidence the information concerning the other party’s business, operation, financial performance or other confidential data obtained under this Agreement or during the performance of this Agreement.

 

	
22.  

	
Any obligation arising out of this Agreement or that is due before the expiration or early termination of this Agreement shall survive such expiration or early termination. Articles 14, 15 and 21 hereof shall survive the termination of this Agreement.

 

	
23.  

	
This Agreement is executed in four originals, with each of Party A and Party B holding one original. All originals have the same legal effect.

 

 

[No text below]

 

 

 

 

 

 

  

7

  

[No text below]

 

IN WITNESS WHEREOF, Party A’s legal representative or authorized representative and Party B have executed this Agreement as of the date as first above written.

 

Party A: Ying Si Kang Information Technology (Shenzhen) Co., Ltd.

 

Legal Representative/Authorized Representative: /s/ Yuan Tian

 

Chop: [Chop affixed]

 

 

Party B: Chunlin Wang

 

Signature: /s/ Chunlin Wang

 

 

 

 

 

8

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