Document:

Exhibit 4.2

 

THE REGISTERED HOLDER OF THIS PURCHASE
WARRANT BY ITS ACCEPTANCE HEREOF, AGREES THAT IT WILL NOT SELL, TRANSFER OR ASSIGN THIS PURCHASE WARRANT EXCEPT AS HEREIN PROVIDED
AND THE REGISTERED HOLDER OF THIS PURCHASE WARRANT AGREES THAT IT WILL NOT SELL, TRANSFER, ASSIGN, PLEDGE OR HYPOTHECATE THIS PURCHASE
WARRANT FOR A PERIOD OF ONE HUNDRED EIGHTY (180) DAYS FOLLOWING THE COMMENCEMENT OF SALES OF THE OFFERING TO ANYONE OTHER THAN
(I) UNIVEST SECURITIES, LLC, OR A REPRESENTATIVE OR A SELECTED DEALER IN CONNECTION WITH THE OFFERING, OR (II) A BONA FIDE OFFICER
OR PARTNER OF UNIVEST SECURITIES, LLC, OR OF ANY SUCH UNDERWRITERS OR SELECTED DEALER.

 

THIS PURCHASE WARRANT IS NOT EXERCISABLE
PRIOR TO [ ● ], 2021. VOID AFTER 5:00 P.M., EASTERN TIME, [ ● ], 20261.

 

UNDERWRITER’S WARRANT

 

FOR THE PURCHASE OF [ ● ] ORDINARY
SHARES

 

OF

 

HUARUI INTERNATIONAL NEW MATERIAL LIMITED

 

1. Purchase
Warrant. THIS CERTIFIES THAT, pursuant to that certain Underwriting Agreement by and between Huarui International New Material
Limited, a British Virgin Islands company limited by shares (the “Company”), on one hand, and Univest Securities,
LLC (the “Holder”), on the other hand, dated [ ● ], 2021 (the “Underwriting Agreement”),
the Holder, as registered owner of this Purchase Warrant, is entitled, at any time or from time to time from [ ● ], 2021
(the “Exercise Date”), and at or before 5:00 p.m., Eastern time, on [ ● ], 2025, (the “Expiration
Date”), but not thereafter, to subscribe for, purchase and receive, in whole or in part, up to such number of ordinary
shares of the Company, par value $0.0083 per ordinary share (the “Ordinary Shares”) as equates to [ ●
] percent ([ ● ] %)2 of the Ordinary Shares sold in the Offering (the “Shares”), excluding
any Ordinary Shares sold as result of the exercise by the underwriters of their over-allotment option, subject to adjustment as
provided in Section 6 hereof. If the Expiration Date is a day on which banking institutions are authorized by
law to close, then this Purchase Warrant may be exercised on the next succeeding day which is not such a day in accordance with
the terms herein. During the period ending on the Expiration Date, the Company agrees not to take any action that would terminate
this Purchase Warrant. This Purchase Warrant is initially exercisable at $[ ● ] per Ordinary Share (115%) of the price of
the Ordinary Shares sold in the Offering); provided, however, that upon the occurrence of any of the events specified
in Section 6 hereof, the rights granted by this Purchase Warrant, including the exercise price per Ordinary Share
and the number of Ordinary Shares to be received upon such exercise, shall be adjusted as therein specified. The term “Exercise
Price” shall mean the initial exercise price as set forth above or the adjusted exercise price as a result of the events
set forth in Section 6 below, depending on the context. Capitalized terms not defined herein shall have the meaning ascribed to
them in the Underwriting Agreement. 

 

2. Exercise.

 

2.1 Exercise
Form. In order to exercise this Purchase Warrant, the exercise form attached hereto as Exhibit A must be duly
executed and completed and delivered to the Company, together with this Purchase Warrant and payment of the Exercise Price for
the Ordinary Shares being purchased payable in cash by wire transfer of immediately available funds to an account designated by
the Company or by certified check. If the subscription rights represented hereby shall not be exercised at or before 5:00 p.m.,
Eastern time, on the Expiration Date, this Purchase Warrant shall become and be void without further force or effect, and all rights
represented hereby shall cease and expire.

 

 

		1	5 years from five years from the commencement of sales
of the public offering.

		2	8% of the total number of ordinary shares sold in the offering
(firm and over-allotment shares).

 

    1

    

    

 

2.2 Cashless
Exercise. At any time after the Exercise Date and until the Expiration Date, Holder may elect to receive the number of Ordinary
Shares equal to the value of this Purchase Warrant (or the portion thereof being exercised), by surrender of this Purchase Warrant
to the Company, together with the exercise form attached hereto, in which event the Company shall issue to Holder, Shares in accordance
with the following formula:

 

	X	=	Y(A-B)	 	 
	A	 	 
	 	 	 	 
	Where,	X	=	The number of Ordinary Shares to be issued to Holder;
	 	Y	=	The number of Ordinary Shares for which the Purchase Warrant is being exercised;
	 	A	=	The fair market value of one Ordinary Share; and
	 	B	=	The Exercise Price.

 

For purposes of this Section
2.2, the “fair market value” of an Ordinary Share is defined as follows:

 

		(i)	if the Ordinary Shares are traded on a national securities exchange, the value shall be deemed
to be the closing price on such exchange for the five consecutive trading days ending on the day immediately prior to the exercise
form being submitted in connection with the exercise of the Purchase Warrant; or

 

		(ii)	if the Ordinary Shares are actively traded over-the-counter, the value shall be deemed to be the
weighted average price of the Ordinary Shares for the five consecutive trading days ending on the trading day immediately prior
to the exercise form being submitted in connection with the exercise of the Purchase Warrant; or

 

		(iii)	if there is no market for the Ordinary Shares, the value shall be the fair market value thereof,
as determined in good faith by the Company’s Board of Directors.

 

2.3 Legend.
Each certificate for the securities purchased under this Purchase Warrant shall bear the following legends unless such securities
have been registered under the Securities Act of 1933, as amended (the “Act”), or are exempt from registration
under the Act:

 

(i) “THE SECURITIES REPRESENTED
BY THIS CERTIFICATE ARE SUBJECT TO A LOCK-UP PERIOD OF ONE HUNDRED AND EIGHTY (180) DAYS FOLLOWING THE COMMENCEMENT OF SALES OF
THE OFFERING PURSUANT TO THE REGISTRATION STATEMENT OF THE COMPANY’S SECURITIES (FILE NO. 333-[ ● ]) AND MAY NOT BE
(A) SOLD, TRANSFERRED, ASSIGNED, PLEDGED OR HYPOTHECATED TO ANYONE OTHER THAN UNIVEST SECURITIES, LLC, OR BONA FIDE OFFICERS OR
PARTNERS OF UNIVEST SECURITIES, LLC, OR (B) CAUSED TO BE THE SUBJECT OF ANY HEDGING, SHORT SALE, DERIVATIVE, PUT OR CALL TRANSACTION
THAT WOULD RESULT IN THE EFFECTIVE ECONOMIC DISPOSITION OF THIS SECURITIES HEREUNDER, EXCEPT AS PROVIDED FOR IN FINRA RULE 5110(E)(2).”

 

(ii) Any legend required by
the securities laws of any state to the extent such laws are applicable to the Shares represented by a certificate, instrument,
or book entry so legended.

  

    2

    

    

 

3. Transfer.

 

3.1 General
Restrictions. The registered Holder of this Purchase Warrant agrees by his, her or its acceptance hereof, that such Holder
will not: (a) sell, transfer, assign, pledge or hypothecate this Purchase Warrant for a period of one hundred eighty (180) days
following the commencement of sales of the public offering (the “Effective Date”) to anyone other than: (i)
the Underwriter or a selected dealer participating in the Offering, or (ii) a bona fide officer or partner of the Underwriter or
of any such selected dealer, in each case in accordance with FINRA Conduct Rule 5110(g)(1), or (b) cause this Purchase Warrant
or the securities issuable hereunder to be the subject of any hedging, short sale, derivative, put or call transaction that would
result in the effective economic disposition of this Purchase Warrant or the securities hereunder, except as provided for in FINRA
Rule 5110(g)(2). On and after that date that is one hundred eighty (180) days after the Effective Date, transfers to others may
be made subject to compliance with or exemptions from applicable securities laws. In order to make any permitted assignment, the
Holder must deliver to the Company the assignment form attached hereto as Exhibit B duly executed and completed,
together with this Purchase Warrant and payment of all transfer taxes, if any, payable in connection therewith. The Company shall
within five (5) Business Days transfer this Purchase Warrant on the books of the Company and shall execute and deliver a new Purchase
Warrant or Purchase Warrants of like tenor to the appropriate assignee(s) expressly evidencing the right to purchase the aggregate
number of Ordinary Shares purchasable hereunder or such portion of such number as shall be contemplated by any such assignment.

 

3.2 Restrictions
Imposed by the Act. The securities evidenced by this Purchase Warrant shall not be transferred unless and until: (i) the Company
has received the opinion of counsel for the Company that the securities may be transferred pursuant to an exemption from registration
under the Act and applicable state securities laws, the availability of which is established to the reasonable satisfaction of
the Company, (ii) a registration statement or a post-effective amendment to the Registration Statement relating to the offer and
sale of such securities that has been declared effective by the U.S. Securities and Exchange Commission (the “Commission”)
and includes a current prospectus or (iii) a registration statement, pursuant to which the Holder has exercised its registration
rights pursuant to Sections 4.1 and 4.2 herein, relating to the offer and sale of such securities has been filed
and declared effective by the Commission and compliance with applicable state securities law has been established.

 

4. Registration
Rights. The Company shall be required to keep a registration statement effective on Form F-1 (or Form F-3, if the Company is
eligible to use such form) until such date that is the earlier of the date when all of the ordinary shares underlying this Purchase
Warrant have been publicly sold by the Holder or such time as Rule 144 or another similar exemption under the Securities Act of
1933, as amended, is available for the sale of all of such Holder’s Shares underlying this Purchase Warrant without registration.

 

5. New
Purchase Warrants to be Issued.

 

5.1 Partial
Exercise or Transfer. Subject to the restrictions in Section 3 hereof, this Purchase Warrant may be exercised
or assigned in whole or in part. In the event of the exercise or assignment hereof in part only, upon surrender of this Purchase
Warrant for cancellation, together with the duly executed exercise or assignment form and funds sufficient to pay any Exercise
Price and/or transfer tax if exercised pursuant to Section 2.1 hereof, the Company shall cause to be delivered
to the Holder without charge a new Purchase Warrant of like tenor to this Purchase Warrant in the name of the Holder evidencing
the right of the Holder to purchase the number of Ordinary Shares purchasable hereunder as to which this Purchase Warrant has not
been exercised or assigned.

 

5.2 Lost
Certificate. Upon receipt by the Company of evidence satisfactory to it of the loss, theft, destruction or mutilation of this
Purchase Warrant and of reasonably satisfactory indemnification or the posting of a bond, the Company shall execute and deliver
a new Purchase Warrant of like tenor and date. Any such new Purchase Warrant executed and delivered as a result of such loss, theft,
mutilation or destruction shall constitute a substitute contractual obligation on the part of the Company.

 

6. Adjustments.

 

6.1 Adjustments
to Exercise Price and Number of Ordinary Shares. The Exercise Price and the number of Ordinary Shares underlying this Purchase
Warrant shall be subject to adjustment from time to time as hereinafter set forth:

 

6.1.1 Share
Dividends; Split Ups. If, after the date hereof, and subject to the provisions of Section 6.3 below, the number
of outstanding Ordinary Shares is increased by a stock dividend payable in Ordinary Shares or by a split up of Ordinary Shares
or other similar event, then, on the effective day thereof, the number of Ordinary Shares purchasable hereunder shall be increased
in proportion to such increase in outstanding Ordinary Shares, and the Exercise Price shall be proportionately decreased.

 

6.1.2 Aggregation
of Ordinary Shares. If, after the date hereof, and subject to the provisions of Section 6.3 below, the number
of outstanding Ordinary Shares is decreased by a consolidation, combination or reclassification of Ordinary Shares or other similar
event, then, on the effective date thereof, the number of Ordinary Shares purchasable hereunder shall be decreased in proportion
to such decrease in outstanding shares, and the Exercise Price shall be proportionately increased.

  

    3

    

    

 

6.1.3 Replacement
of Ordinary Shares upon Reorganization, etc. In case of any reclassification or reorganization of the outstanding Ordinary
Shares other than a change covered by Section 6.1.1 or Section 6.1.2 hereof or that solely affects
the par value of such Ordinary Shares, or in the case of any share reconstruction or amalgamation or consolidation of the Company
with or into another corporation (other than a consolidation or share reconstruction or amalgamation in which the Company is the
continuing corporation and that does not result in any reclassification or reorganization of the outstanding Ordinary Shares),
or in the case of any sale or conveyance to another corporation or entity of the property of the Company as an entirety or substantially
as an entirety in connection with which the Company is dissolved, the Holder of this Purchase Warrant shall have the right thereafter
(until the expiration of the right of exercise of this Purchase Warrant) to receive upon the exercise hereof, for the same aggregate
Exercise Price payable hereunder immediately prior to such event, the kind and amount of ordinary shares or other securities or
property (including cash) receivable upon such reclassification, reorganization, share reconstruction or amalgamation, or consolidation,
or upon a dissolution following any such sale or transfer, by a Holder of the number of Ordinary Shares of the Company obtainable
upon exercise of this Purchase Warrant immediately prior to such event; and if any reclassification also results in a change in
Ordinary Shares covered by Section 6.1.1 or Section 6.1.2, then such adjustment shall be made pursuant
to Section 6.1.1, Section 6.1.2 and this Section 6.1.3. The provisions of this Section
6.1.3 shall similarly apply to successive reclassifications, reorganizations, share reconstructions or amalgamations,
or consolidations, sales or other transfers.

 

6.1.4 Fundamental
Transaction. If, at any time while this Purchase Warrant is outstanding, the Company enters into the following transactions
with another Person or group of Persons whereby such other Person or group acquires more than 50% of the outstanding Ordinary Shares
(not including any Ordinary Shares held by the other Person or other Persons making or party to, or associated or affiliated with,
the other Persons making or party to such stock or share purchase agreement or other business combination): (i) the Company, directly
or indirectly, in one or more related transactions effects any merger or consolidation of the Company with or into another Person,
(ii) the Company, directly or indirectly, effects any sale, lease, license, assignment, transfer, conveyance or other disposition
of all or substantially all of its assets in one or a series of related transactions, (iii) any direct or indirect purchase offer,
tender offer or exchange offer (whether by the Company or another Person) is completed pursuant to which holders of Ordinary Shares
are permitted to sell, tender or exchange their shares for other securities, cash or property and has been accepted by the holders
of 50% or more of the outstanding Ordinary Shares, (iv) the Company, directly or indirectly, in one or more related transactions
effects any reclassification, reorganization or recapitalization of the Ordinary Shares or any compulsory share exchange pursuant
to which the Ordinary Shares is effectively converted into or exchanged for other securities, cash or property, or (v) the Company,
directly or indirectly, in one or more related transactions consummates a stock or share purchase agreement or other business combination
(including, without limitation, a reorganization, recapitalization, spinoff or scheme of arrangement) with another Person or group
of Persons (each a “Fundamental Transaction”), then, upon any subsequent exercise of this Purchase Warrant,
the Holder shall have the right to receive, for each Purchase Warrant Share that would have been issuable upon such exercise immediately
prior to the occurrence of such Fundamental Transaction, the number Ordinary Shares of the successor or acquiring corporation or
of the Company, if it is the surviving corporation, and any additional or alternative consideration (the “Alternative
Consideration”) receivable as a result of such Fundamental Transaction by a holder of the number of Ordinary Shares for
which this Purchase Warrant is exercisable immediately prior to such Fundamental Transaction. For purposes of any such exercise,
the determination of the Exercise Price shall be appropriately adjusted to apply to such Alternative Consideration based on the
amount of Alternative Consideration issuable in respect of one Ordinary Share in such Fundamental Transaction, and the Company
shall apportion the Exercise Price among the Alternative Consideration in a reasonable manner reflecting the relative value of
any different components of the Alternative Consideration. If holders of Ordinary Shares are given any choice as to the securities,
cash or property to be received in a Fundamental Transaction, then the Holder shall be given the same choice as to the Alternative
Consideration it receives upon any exercise of this Purchase Warrant following such Fundamental Transaction. The Company shall
cause any successor entity in a Fundamental Transaction in which the Company is not the survivor (the “Successor Entity”)
to assume in writing all of the obligations of the Company under this Purchase Warrant, and to deliver to the Holder in exchange
for this Purchase Warrant a security of the Successor Entity evidenced by a written instrument substantially similar in form and
substance to this Purchase Warrant which is exercisable for a corresponding number of shares of capital stock of such Successor
Entity (or its parent entity) equivalent to the Ordinary Shares acquirable and receivable upon exercise of this Purchase Warrant
prior to such Fundamental Transaction, and with an exercise price which applies the Exercise Price hereunder to such shares of
capital stock (but taking into account the relative value of the Ordinary Shares pursuant to such Fundamental Transaction and the
value of such shares of capital stock, such number of shares of capital stock and such exercise price being for the purpose of
protecting the economic value of this Purchase Warrant immediately prior to the consummation of such Fundamental Transaction).
Upon the occurrence of any such Fundamental Transaction, the Successor Entity shall succeed to, and be substituted for (so that
from and after the date of such Fundamental Transaction, the provisions of this Purchase Warrant and the other Transaction Documents
referring to the “Company” shall refer instead to the Successor Entity), and may exercise every right and power of,
the Company and shall assume all of the obligations of the Company, under this Purchase Warrant and the other Transaction Documents
with the same effect as if such Successor Entity had been named as the Company herein.

 

    4

    

    

 

6.1.5   Changes
in Form of Purchase Warrant. This form of Purchase Warrant need not be changed because of any change pursuant to this Section
6.1, and Purchase Warrants issued after such change may state the same Exercise Price and the same number of Ordinary Shares
as are stated in the Purchase Warrants initially issued pursuant to this Agreement. The acceptance by any Holder of the issuance
of new Purchase Warrants reflecting a required or permissive change shall not be deemed to waive any rights to an adjustment occurring
after the date hereof or the computation thereof.

 

6.2 Substitute
Purchase Warrant. In case of any consolidation of the Company with, or share reconstruction or amalgamation of the Company
with or into, another corporation (other than a consolidation or share reconstruction or amalgamation which does not result in
any reclassification or change of the outstanding Ordinary Shares), the corporation formed by such consolidation or share reconstruction
or amalgamation shall execute and deliver to the Holder a supplemental Purchase Warrant providing that the holder of each Purchase
Warrant then outstanding or to be outstanding shall have the right thereafter (until the stated expiration of such Purchase Warrant)
to receive, upon exercise of such Purchase Warrant, the kind and amount of Ordinary Shares and other securities and property receivable
upon such consolidation or share reconstruction or amalgamation, by a holder of the number of Ordinary Shares of the Company for
which such Purchase Warrant might have been exercised immediately prior to such consolidation, share reconstruction or amalgamation,
sale or transfer. Such supplemental Purchase Warrant shall provide for adjustments which shall be identical to the adjustments
provided for in this Section 6. The above provision of this Section 6 shall similarly apply to successive
consolidations or share reconstructions or amalgamations. 

 

6.3 Elimination
of Fractional Interests. The Company shall not be required to issue certificates representing fractions of Ordinary Shares
upon the exercise of the Purchase Warrant, nor shall it be required to issue scrip or pay cash in lieu of any fractional interests,
it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up or down, as the
case may be, to the nearest whole number of Ordinary Shares or other securities, properties or rights.

 

7. Reservation
and Listing. The Company shall at all times reserve and keep available out of its authorized Ordinary Shares, solely for the
purpose of issuance upon exercise of this Purchase Warrant, such number of Ordinary Shares or other securities, properties or rights
as shall be issuable upon the exercise thereof. The Company covenants and agrees that, upon exercise of this Purchase Warrant and
payment of the Exercise Price therefor, in accordance with the terms hereby, all Ordinary Shares and other securities issuable
upon such exercise shall be duly and validly issued, fully paid and non-assessable and not subject to preemptive rights of any
shareholder. The Company further covenants and agrees that upon exercise of this Purchase Warrant and payment of the exercise price
therefor, all Ordinary Shares and other securities issuable upon such exercise shall be duly and validly issued, fully paid and
non-assessable and not subject to preemptive rights of any shareholder. As long as this Purchase Warrant shall be outstanding,
the Company shall use its commercially reasonable efforts to cause all Ordinary Shares issuable upon exercise of this Purchase
Warrant to be listed (subject to official notice of issuance) on all national securities exchanges (or, if applicable, on the OTCQB
Market or any successor quotation system) on which the Ordinary Shares issued to the public in the Offering may then be listed
and/or quoted (if at all).

 

    5

    

    

 

8. Certain
Notice Requirements.

 

8.1 Holder’s
Right to Receive Notice. Nothing herein shall be construed as conferring upon the Holders the right to vote or consent or to
receive notice as a shareholder for the election of directors or any other matter, or as having any rights whatsoever as a shareholder
of the Company. If, however, at any time prior to the expiration of the Purchase Warrants and their exercise, any of the events
described in Section 8.2 shall occur, then, in one or more of said events, the Company shall give written notice
of such event at least fifteen days prior to the date fixed as a record date or the date of closing the transfer books (the “Notice
Date”) for the determination of the shareholders entitled to such dividend, distribution, conversion or exchange of securities
or subscription rights, or entitled to vote on such proposed dissolution, liquidation, winding up or sale. Such notice shall specify
such record date or the date of the closing of the transfer books, as the case may be. Notwithstanding the foregoing, the Company
shall deliver to each Holder a copy of each notice given to the other shareholders of the Company at the same time and in the same
manner that such notice is given to the shareholders.

 

8.2 Events
Requiring Notice. The Company shall be required to give the notice described in this Section 8 upon one or
more of the following events: (i) if the Company shall take a record of the holders of its Ordinary Shares for the purpose of entitling
them to receive a dividend or distribution payable otherwise than in cash, or a cash dividend or distribution payable otherwise
than out of retained earnings, as indicated by the accounting treatment of such dividend or distribution on the books of the Company,
(ii) the Company shall offer to all the holders of its Ordinary Shares any additional shares of capital stock of the Company or
securities convertible into or exchangeable for shares of capital stock of the Company, or any option, right or warrant to subscribe
therefor, or (iii) a dissolution, liquidation or winding up of the Company (other than in connection with a consolidation or share
reconstruction or amalgamation) or a sale of all or substantially all of its property, assets and business shall be proposed. 

 

8.3 Notice
of Change in Exercise Price. The Company shall, promptly after an event requiring a change in the Exercise Price pursuant to Section
6 hereof, send notice to the Holders of such event and change (“Price Notice”). The Price Notice shall
describe the event causing the change and the method of calculating same and shall be certified as being true and accurate by the
Company’s Chief Financial Officer.

 

8.4 Transmittal
of Notices. All notices, requests, consents and other communications under this Purchase Warrant shall be in writing and shall
be deemed to have been duly made if made in accordance with the notice provisions of the Underwriting Agreement to the addresses
and contact information set forth below:

 

If to the Holder, then to:

 

Univest Securities, LLC

375 Park Avenue, 15th Floor

New York, NY 10152

	 	Attn: 	Edric Guo
	 	Email:	yguo@univest.us

 

With a copy
to:

 

Hunter Taubman Fischer & Li LLC

800 Third Avenue, Suite 2800

New York, NY 10022

	 	Attn: 	Ying Li, Esq.
	 	Email:	yli@htflawyers.com

 

If to the Company:

 

Huarui International New Material Limited

No.110 Huancun West Road, Huaxi Industrial Park, Huashi
Town

Jiangyin, Jiangsu Province, China

People’s Republic of China

	 	Attn: 	Huhujie Sun, CEO
	 	Email:	178001205@qq.com

 

With a copy to:

 

Ortoli Rosenstadt LLP

366 Madison Avenue, 3rd Floor

New York, NY 10017

Attn: William S. Rosenstadt, Esq.

Attn:
Mengyi “Jason” Ye, Esq.

	 	Email:	wsr@orllp.legal
	 	 	jye@orllp.legal

 

    6

    

    

 

9. Miscellaneous.

 

9.1 Amendments.
The Company and the Underwriter may from time to time supplement or amend this Purchase Warrant without the approval of any of
the Holders in order to cure any ambiguity, to correct or supplement any provision contained herein that may be defective or inconsistent
with any other provisions herein, or to make any other provisions in regard to matters or questions arising hereunder that the
Company and the Underwriter may deem necessary or desirable and that the Company and the Underwriter deem shall not adversely affect
the interest of the Holders. All other modifications or amendments shall require the written consent of and be signed by the party
against whom enforcement of the modification or amendment is sought.

 

9.2 Headings.
The headings contained herein are for the sole purpose of convenience of reference, and shall not in any way limit or affect the
meaning or interpretation of any of the terms or provisions of this Purchase Warrant.

 

9.3. Entire
Agreement. This Purchase Warrant (together with the other agreements and documents being delivered pursuant to or in connection
with this Purchase Warrant) constitutes the entire agreement of the parties hereto with respect to the subject matter hereof, and
supersedes all prior agreements and understandings of the parties, oral and written, with respect to the subject matter hereof.

 

9.4 Binding
Effect. This Purchase Warrant shall inure solely to the benefit of and shall be binding upon, the Holder and the Company and
their permitted assignees, respective successors, legal representative and assigns, and no other person shall have or be construed
to have any legal or equitable right, remedy or claim under or in respect of or by virtue of this Purchase Warrant or any provisions
herein contained.

 

9.5 Governing
Law; Submission to Jurisdiction; Trial by Jury. This Purchase Warrant shall be governed by and construed and enforced in accordance
with the internal laws of the State of New York, without giving effect to conflict of laws principles thereof. The Company hereby
agrees that any action, proceeding or claim against it arising out of, or relating in any way to this Purchase Warrant shall be
brought and enforced in the New York Supreme Court, County of New York, or in the United States District Court for the Southern
District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. The Company hereby waives
any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. Any process or summons to be
served upon the Company may be served by transmitting a copy thereof by registered or certified mail, return receipt requested,
postage prepaid, addressed to it at the address set forth in Section 8 hereof. Such mailing shall be deemed personal
service and shall be legal and binding upon the Company in any action, proceeding or claim. The Company and the Holder agree that
the prevailing party(ies) in any such action shall be entitled to recover from the other party(ies) all of its reasonable attorneys’
fees and expenses relating to such action or proceeding and/or incurred in connection with the preparation therefor. The Company
(on its behalf and, to the extent permitted by applicable law, on behalf of its stockholders and affiliates) and the Holder hereby
irrevocably waive, to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding
arising out of or relating to this Agreement or the transactions contemplated hereby.

 

9.6 Waiver,
etc. The failure of the Company or the Holder to at any time enforce any of the provisions of this Purchase Warrant shall not
be deemed or construed to be a waiver of any such provision, nor to in any way affect the validity of this Purchase Warrant or
any provision hereof or the right of the Company or any Holder to thereafter enforce each and every provision of this Purchase
Warrant. No waiver of any breach, non-compliance or non-fulfillment of any of the provisions of this Purchase Warrant shall be
effective unless set forth in a written instrument executed by the party or parties against whom or which enforcement of such waiver
is sought; and no waiver of any such breach, non-compliance or non-fulfillment shall be construed or deemed to be a waiver of any
other or subsequent breach, non-compliance or non-fulfillment.

 

    7

    

    

 

9.7 Exchange
Agreement. As a condition of the Holder’s receipt and acceptance of this Purchase Warrant, Holder agrees that, at any
time prior to the complete exercise of this Purchase Warrant by Holder, if the Company and the Underwriter enter into an agreement
(“Exchange Agreement”) pursuant to which they agree that all outstanding Purchase Warrants will be exchanged
for securities or cash or a combination of both, then Holder shall agree to such exchange and become a party to the Exchange Agreement.

 

9.8 Execution
in Counterparts. This Purchase Warrant may be executed in one or more counterparts, and by the different parties hereto in
separate counterparts, each of which shall be deemed to be an original, but all of which taken together shall constitute one and
the same agreement, and shall become effective when one or more counterparts has been signed by each of the parties hereto and
delivered to each of the other parties hereto. Such counterparts may be delivered by facsimile transmission or other electronic
transmission.

 

9.9 Holder
Not Deemed a Shareholder. Except as otherwise specifically provided herein, the Holder, solely in its capacity as a holder
of this Purchase Warrant, shall not be entitled to vote or receive dividends or be deemed the holder of share capital of the Company
for any purpose, nor shall anything contained in this Purchase Warrant be construed to confer upon the Holder, solely in its capacity
as the Holder of this Purchase Warrant, any of the rights of a shareholder of the Company or any right to vote, give or withhold
consent to any corporate action (whether any reorganization, issue of share, reclassification of share, consolidation, merger,
conveyance or otherwise), receive notice of meetings, receive dividends or subscription rights, or otherwise, prior to the issuance
to the Holder of the Shares which it is then entitled to receive upon the due exercise of this Purchase Warrant. In addition, nothing
contained in this Purchase Warrant shall be construed as imposing any liabilities on the Holder to purchase any securities (upon
exercise of this Purchase Warrant or otherwise) or as a shareholder of the Company, whether such liabilities are asserted by the
Company or by creditors of the Company.

 

9.10 Restrictions.
The Holder acknowledges that the Shares acquired upon the exercise of this Purchase Warrant, if not registered, and the Holder
does not utilize cashless exercise, will have restrictions upon resale imposed by state and federal securities laws.

 

9.10 Severability.
Wherever possible, each provision of this Purchase Warrant shall be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Purchase Warrant shall be prohibited by or invalid under applicable law, such provision
shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the
remaining provisions of this Purchase Warrant.

 

[Signature Page Follows]

 

    8

    

    

 

IN WITNESS WHEREOF, the Company has
caused this Purchase Warrant to be signed by its duly authorized officer as of the ____ day of _______, 2021.

 

	 	HUARUI INTERNATIONAL NEW MATERIAL LIMITED
	 	 	 
	 	By: 	 
	 	 	Name: 
	 	 	Title: 

 

    9

    

    

 

EXHIBIT A

Exercise Notice

 

Form to be used to exercise Purchase Warrant:

 

Date: __________, 20___

 

The undersigned hereby
elects irrevocably to exercise the Purchase Warrant for ______ Ordinary Shares of Huarui International New Material Limited, a
British Virgin Islands company (the “Company”) and hereby makes payment of $____ (at the rate of $____ per Ordinary
Share) in payment of the Exercise Price pursuant thereto. Please issue the Ordinary Shares as to which this Purchase Warrant is
exercised in accordance with the instructions given below and, if applicable, a new Purchase Warrant representing the number of
Ordinary Shares for which this Purchase Warrant has not been exercised.

 

or

 

The undersigned hereby
elects irrevocably to convert its right to purchase ___ Ordinary Shares under the Purchase Warrant for ______ Ordinary Shares,
as determined in accordance with the following formula:

 

	 	 X	 =	Y(A-B)	 
	 	A	 
	Where,	X	=	The number of Ordinary Shares to be issued to Holder;
	 	Y	=	The number of Ordinary Shares for which the Purchase Warrant is being exercised;
	 	A	=	The fair market value of one Ordinary Share which is equal to $_____; and
	 	B	=	The Exercise Price which is equal to $______ per Ordinary Share

 

The undersigned agrees
and acknowledges that the calculation set forth above is subject to confirmation by the Company and any disagreement with respect
to the calculation shall be resolved by the Company in its sole discretion.

 

Please issue the Ordinary
Shares as to which this Purchase Warrant is exercised in accordance with the instructions given below and, if applicable, a new
Purchase Warrant representing the number of Ordinary Shares for which this Purchase Warrant has not been converted.

 

Signature

 

Signature Guaranteed

 

INSTRUCTIONS FOR REGISTRATION OF SECURITIES

 

Name:

(Print in Block Letters)

Address:

 

NOTICE: The signature
to this form must correspond with the name as written upon the face of the Purchase Warrant without alteration or enlargement or
any change whatsoever, and must be guaranteed by a bank, other than a savings bank, or by a trust company or by a firm having membership
on a registered national securities exchange.

 

    10

    

    

 

EXHIBIT B

Assignment Notice

 

Form to be used to assign Purchase Warrant:

 

ASSIGNMENT

 

(To be executed by the registered Holder to effect a transfer
of the within Purchase Warrant):

 

FOR VALUE RECEIVED,                  does
hereby sell, assign and transfer unto the right to purchase             ordinary shares of Huarui International New Material
Limited, a British Virgin Islands company (the “Company”), evidenced by the Purchase Warrant and does hereby
authorize the Company to transfer such right on the books of the Company.

 

Dated:              ,
20

 

Signature

 

Signature Guaranteed

 

NOTICE: The signature
to this form must correspond with the name as written upon the face of the within Purchase Warrant without alteration or enlargement
or any change whatsoever, and must be guaranteed by a bank, other than a savings bank, or by a trust company or by a firm having
membership on a registered national securities exchange.

 

 

11Exhibit
10.1

 

股权质押合同

 

Equity
Pledge Agreement

 

本股权质押合同
(下称“本合同”)由下列各方于 年 月 日在中华人民共和国(下称“中国”)[
]签订:

 

This
Equity Pledge Agreement (this "Agreement") has been executed by and among the following parties on [DATE] in [                 ],
the People’s Republic of China (“China” or the “PRC”):

 

甲方:江阴华悦成新材料科技有限公司[WFOE](下称“质权人”)

 

		地址:	

 

Party
A: [                 ] (hereinafter "Pledgee")

 

		Address:	

 

乙方:
[SHAREHOLDER](下称“出质人”)

 

身份证号码:

 

Party
B: [                 ] (hereinafter "Pledgor")

 

ID
No.:

 

丙方:
江阴华瑞电工股份有限公司 [VIE]

 

地址:

 

Party
C: 

 

Address:

 

Equity
Pledge Agreement

 

    1

     

    

 

在本合同中,质权人、出质人和丙方以下各称“一方”,合称“各方”。

 

In
this Agreement, each of Pledgee, Pledgor and Party C shall be referred to as a "Party" respectively, and they shall
be collectively referred to as the "Parties".

 

鉴于:

 

Whereas:

 

	1.	出质人是中国公民,实际拥有丙方[            ]%的股权。丙方是一家在中国[            ]注册成立的有限责任公司。丙方在此确认出质人和质权人在本合同下的权利和义务并提供必要的协助以登记该质权;

 

Pledgor
is a citizen of China, and holds [            ]% of the equity interest
in Party C in fact. Party C is a limited liability company registered in [           
], China. Party C acknowledges the respective rights and obligations of Pledgor and Pledgee under this Agreement, and intends
to provide any necessary assistance in registering the Pledge;

 

	2.	质权人是一家在中国注册的外商独资企业。质权人与出质人、出质人所拥有的丙方签订了咨询与服务协议等一系列旨在形成质权人控制丙方的协议(“控制协议”);

 

Pledgee
is a wholly foreign-owned enterprise registered in China. Pledgee, Pledgor and Party C owned by Pledgor have executed a Consultation
and Service Agreement and other control agreements (the “Control Agreements”);

 

	3.	为了保证出质人及丙方履行控制协议项下的义务,按照约定向质权人支付咨询和服务费等到期款项,出质人以其在丙方中拥有的全部股权向质权人就控制协议项下丙方的付款义务做出质押担保。

 

To
ensure that Pledgor and Party C fully perform their obligations under the Control Agreements, and pay the consulting and service
fees thereunder to the Pledgee when the sum becomes due, Pledgor hereby pledges to the Pledgee all of the equity interest he holds
in Party C as security for payment of the consulting and service fees by Party C under the Control Agreements.

 

为了履行控制协议的条款,各方商定按照以下条款签订本合同。

 

To
perform the provisions of the Control Agreements, the Parties have mutually agreed to execute this Agreement upon the following
terms.

 

Equity
Pledge Agreement

 

    2

     

    

 

	1.	定义
	 	 

		Definitions	
	 	 	 

除非本合同另有规定,下列词语含义为:

 

Unless
otherwise provided herein, the terms below shall have the following meanings:

 

		1.1	质权:指出质人根据本合同第2条给予质权人的担保物权,即指质权人所享有的,以出质人质押给质权人的股权折价或拍卖、变卖该股权的价款优先受偿的权利。

 

Pledge:
shall refer to the security interest granted by Pledgor to Pledgee pursuant to Section 2 of this Agreement, i.e., the right of
Pledgee to be compensated on a preferential basis with the conversion, auction or sales price of the Equity Interest.

 

		1.2	股权:指出质人现在和将来合法持有的其在丙方的全部股权权益。

 

Equity
Interest: shall refer to all of the equity interest lawfully now held and hereafter acquired by Pledgor in Party C.

 

		1.3	质押期限:指本合同第3条规定的期间。

 

Term
of Pledge: shall refer to the term set forth in Section 3 of this Agreement.

 

		1.4	控制协议:指出质人、丙方与质权人于[
                                         ]年[ ]月[ ]日签订的咨询与服务协议、业务合作协议等一系列控制性协议。

 

Control
Agreements: shall refer to Consultation and Service Agreements, Business Cooperation Agreement and other relevant control agreements
executed by and among Pledgor, Party C and Pledgee on [ ].

 

		1.5	违约事件:指本合同第7条所列任何情况。

 

Event
of Default: shall refer to any of the circumstances set forth in Section 7 of this Agreement.

 

		1.6	违约通知:指质权人根据本合同发出的宣布违约事件的通知。

 

Notice
of Default: shall refer to the notice issued by Pledgee in accordance with this Agreement declaring an Event of Default.

 

Equity
Pledge Agreement

 

    3

     

    

 

	2.	质权

 

The
Pledge

 

作为出质人、丙方完全履行控制协议,以及按时和全额支付控制协议项下质权人应得的任何或全部的款项,包括但不限于控制协议中规定的咨询和服务费的担保(无论该等费用的到期应付是由于到期日的到来、提前收款的要求或其它原因),出质人特此将其现有或将拥有的丙方的全部股权权益质押给质权人。

 

As
collateral security for the performance of the Control Agreements and the timely and complete payment when due (whether at stated
maturity, by acceleration or otherwise) of any or all of the payments due by Party C and/or Pledgor, including without limitation
the consulting and services fees payable to the Pledgee under the Control Agreements, Pledgor hereby pledges to Pledgee a first
security interest in all of Pledgor's right, title and interest, whether now owned or hereafter acquired by Pledgor, in the Equity
Interest of Party C.

 

	3.	质押期限

 

Term
of Pledge

 

		3.1	本协议签署后,本协议各方应尽快完成股权质押工商登记。质权有效期持续到出质人不再担任丙方的股东或丙方履行所有控制协议项下义务为止。出质人应当将质押在公司股东名册上载明。

 

Upon
signing this Agreement, the Parties should complete the pledge of the Equity Interest contemplated registered with relevant administration
for industry and commerce (the “AIC”) as soon as possible. The Pledge shall be continuously valid until the Pledgor
is no longer a shareholder of Party C or the satisfaction of all its obligations by the Party C under the Control Agreements.
The Pledgors shall be responsible for recording of this Agreement in the Company’s Register of Shareholders.

 

		3.2	质押期限内,如丙方未按控制协议交付咨询服务费等费用,质权人有权但无义务按本合同的规定处分质权。

 

During
the Term of Pledge, in the event Party C fails to pay the exclusive consulting or service fees in accordance with the Control
Agreements, Pledgee shall have the right, but not the obligation, to dispose of the Pledge in accordance with the provisions of
this Agreement.

 

Equity
Pledge Agreement

 

    4

     

    

 

	4.	质权凭证的保管

 

Custody
of Records for Equity Interest subject to Pledge

 

		4.1	在本合同规定的质押期限内,出质人应将其在丙方的股权出资证明书及记载质权的股东名册交付质权人保管。出质人应在本合同签订之日起一周内将上述股权出资证明书及股东名册交付给质权人。质权人将在本合同规定的全部质押期间一直保管这些项目。

 

During
the Term of Pledge set forth in this Agreement, Pledgor shall deliver to Pledgee's custody the capital contribution certificate
for the Equity Interest and the shareholders' register containing the Pledge within one week from the execution of this Agreement.
Pledgee shall have custody of such items during the entire Term of Pledge set forth in this Agreement.

 

		4.2	在质押期限内,质权人有权收取股权所产生的红利。

 

Pledgee
shall have the right to collect dividends generated by the Equity Interest during the Term of Pledge.

 

	5.	出质人的声明和保证

 

Representations
and Warranties of Pledgor

 

		5.1	出质人是股权登记所有人。

 

Pledgor
is the owner of the Equity Interest in record of register of shareholder.

 

		5.2	质权人有权以本合同规定的方式处分并转让股权。

 

Pledgee
shall have the right to dispose of and transfer the Equity Interest in accordance with the provisions set forth in this Agreement.

 

		5.3	除本质权之外,出质人未在股权上设置任何其他质押权利或其他担保权益。

 

Except
for the Pledge, Pledgor has not placed any security interest or other encumbrance on the Equity Interest.

 

	6.	出质人的承诺和确认

 

Covenants
and Further Agreements of Pledgor

 

Equity
Pledge Agreement

 

    5

     

    

 

		6.1	在本合同存续期间,出质人向质权人承诺,出质人将:

 

Pledgor
hereby covenants to the Pledgee, that during the term of this Agreement, Pledgor shall:

 

	 		6.1.1	除履行由出质人与质权人、丙方于本合同签署日签订的《股权处分合同》(“股权处分合同”)外,未经质权人事先书面同意,不得转让股权,不得在股权上设立或允许存在任何担保或其他债务负担;

 

not
transfer the Equity Interest, place or permit the existence of any security interest or other encumbrance on the Equity Interest,
without the prior written consent of Pledgee, except for the performance of the Equity Option Agreement (the “Equity Option
Agreement”) executed by Pledgor, the Pledgee and Party C on the execution date of this Agreement;

 

	 		6.1.2	遵守并执行所有有关权利质押的法律、法规的规定,在收到有关主管机关就质权发出或制定的通知、指令或建议时,于五个工作日内向质权人出示上述通知、指令或建议,同时遵守上述通知、指令或建议,或按照质权人的合理要求或经质权人同意就上述事宜提出反对意见和陈述;

 

comply
with the provisions of all laws and regulations applicable to the pledge of rights, and within 5 working days of receipt of any
notice, order or recommendation issued or prepared by relevant competent authorities regarding the Pledge, shall present the aforementioned
notice, order or recommendation to Pledgee, and shall comply with the aforementioned notice, order or recommendation or submit
objections and representations with respect to the aforementioned matters upon Pledgee's reasonable request or upon consent of
Pledgee;

 

	 		6.1.3	将任何可能导致对出质人股权或其任何部分的权利产生影响的事件或收到的通知,以及可能改变出质人在本合同中的任何保证、义务或对出质人履行其在本合同中义务可能产生影响的任何事件或收到的通知及时通知质权人。

 

promptly
notify Pledgee of any event or notice received by Pledgor that may have an impact on Pledgee's rights to the Equity Interest or
any portion thereof, as well as any event or notice received by Pledgor that may have an impact on any guarantees and other obligations
of Pledgor arising out of this Agreement.

 

Equity
Pledge Agreement

 

    6

     

    

 

		6.2	出质人同意,质权人按本合同条款取得的对质权享有的权利,不应受到出质人或出质人的继承人或出质人之委托人或任何其他人通过法律程序的中断或妨害。

 

Pledgor
agrees that the rights acquired by Pledgee in accordance with this Agreement with respect to the Pledge shall not be interrupted
or harmed by Pledgor or any heirs or representatives of Pledgor or any other persons through any legal proceedings.

 

		6.3	出质人向质权人保证,为保护或完善本合同对偿付控制协议项下咨询服务费等费用的担保,出质人将诚实签署、并促使其他与质权有利害关系的当事人签署质权人所要求的所有的权利证书、契约和/或履行并促使其他有利害关系的当事人履行质权人所要求的行为,并为本合同赋予质权人之权利、授权的行使提供便利,与质权人或其指定的人(自然人/法人)签署所有的有关股权所有权的文件,并在合理期间内向质权人提供其认为需要的所有的有关质权的通知、命令及决定。

 

To
protect or perfect the security interest granted by this Agreement for payment of the consulting and service fees under the Control
Agreements, Pledgor hereby undertakes to execute in good faith and to cause other parties who have an interest in the Pledge to
execute all certificates, agreements, deeds and/or covenants required by Pledgee. Pledgor also undertakes to perform and to cause
other parties who have an interest in the Pledge to perform actions required by Pledgee, to facilitate the exercise by Pledgee
of its rights and authority granted thereto by this Agreement, and to enter into all relevant documents regarding ownership of
Equity Interest with Pledgee or designee(s) of Pledgee (natural persons/legal persons). Pledgor undertakes to provide Pledgee
within a reasonable time with all notices, orders and decisions regarding the Pledge that are required by Pledgee.

 

		6.4	出质人向质权人保证,出质人将遵守、履行本合同项下所有的保证、承诺、协议、陈述及条件。如出质人不履行或不完全履行其保证、承诺、协议、陈述及条件,出质人应赔偿质权人由此遭受的一切损失。

 

Pledgor
hereby undertakes to comply with and perform all guarantees, promises, agreements, representations and conditions under this Agreement.
In the event of failure or partial performance of its guarantees, promises, agreements, representations and conditions, Pledgor
shall indemnify Pledgee for all losses resulting therefrom.

 

Equity
Pledge Agreement

 

    7

     

    

 

	 	6.5	出质人应在本协议签订后尽可能快地向工商行政管理局办理质押登记手续。

 

The
Pledgors shall process the registration procedures with the Administration for Industry and Commerce concerning the Pledge as
soon as practical after the execution of this Agreement.

 

	 	6.6	未经事先书面通知质权人并获得其事先书面同意,出质人不得将股权转让,出质人的所有拟转让股权的行为无效。出质人转让股权所得价款应首先用于提前向质权人清偿担保债务或向与质权人约定的第三人提存。

 

Without
notifying Pledgee in advance and obtaining Pledgee’s prior written consent, Pledgor shall not transfer the Equity Interest
and any action for the proposed transfer of the Equity Interest of Pledgor shall be invalid. Any payment received by Pledgor for
transfer of the Equity Interest shall be firstly used to repay the secured obligations to Pledgee or be placed in escrow with
a third party as agreed with Pledgee.

 

	7.	违约事件

 

Event
of Breach

 

		7.1	下列事项均被视为违约事件:

 

The
following circumstances shall be deemed Event of Default:

 

	 		7.1.1	丙方未能按期、完整履行控制协议项下任何责任,包括但不限于丙方未能按期足额支付控制协议项下的应付的咨询服务费等费用或有违反该协议其他义务的行为;

 

Party
C fails to fully and timely fulfill any liabilities under the Control Agreements, including without limitation failure to pay
in full any of the consulting and service fees payable under the Control Agreements or breaches any other obligations of Party
C thereunder;

 

	 		7.1.2	出质人或丙方实质违反本合同的任何条款;

 

Pledgor
or Party C has committed a material breach of any provisions of this Agreement;

 

Equity
Pledge Agreement

 

    8

     

    

 

	 		7.1.3	除履行股权处分合同外,出质人舍弃出质的股权或未获得质权人书面同意而擅自转让或意图转让出质的股权;

 

Except
for the performance of the Equity Option Agreement, Pledgor transfers or purports to transfer or abandons the Equity Interest
pledged or assigns the Equity Interest pledged without the written consent of Pledgee; and

 

	 		7.1.4	丙方的继承人或代管人只能履行部分或拒绝履行控制协议项下的支付责任;

 

The
successor or custodian of Party C is capable of only partially performing or refusing to perform the payment obligations under
the Control Agreements.

 

	 		7.1.5	出质人因其所拥有的财产出现不利变化,致使质权人认为出质人履行本合同项下的义务的能力已受到影响;

 

The
occurrence of any adverse change to the assets or property of the Pledgor, which in Pledgee’s determination, may impact
the ability of the Pledgor to perform its obligations hereunder.

 

	 		7.1.6	按有关法律规定质权人不能或可能不能行使处分质权的其他情况。

 

The
occurrence of any other circumstances under which the Pledgee is not or may not able to exercise its rights hereunder in accordance
with the applicable law.

 

	7.2	如知道或发现本第7.1条所述的任何事项或可能导致上述事项的事件已经发生,出质人应立即以书面形式通知质权人。

 

Upon
notice or discovery of the occurrence of any circumstances or event that may lead to the aforementioned circumstances described
in Section 7.1, Pledgor shall immediately notify Pledgee in writing accordingly.

 

	7.3	除非第7.1部分下的违约事件在质权人向出质人发出要求其修正此违约行为通知后的二十(20)天之内已经按质权人要求获得救济,质权人在其后的任何时间,可向出质人发出书面违约通知,要求立即依据本合同第8条行使质权权利。

 

Unless
an Event of Default set forth in this Section 7.1 has been successfully resolved to Pledgee's satisfaction within twenty (20)
days after the Pledgee delivers a notice to the Pledgor requesting ratification of such Event of Default, Pledgee may issue a
Notice of Default to Pledgor in writing at any time thereafter, demanding to immediately dispose of the Pledge in accordance with
the provisions of Section 8 of this Agreement.

 

Equity
Pledge Agreement

 

    9

     

    

  

	8.	质权的行使

 

Exercise
of Pledge

 

		8.1	在控制协议所述的咨询服务费等费用未全部偿付前,未经质权人书面同意,出质人不得转让其拥有的丙方股权。

 

Prior
to the full payment of the consulting and service fees described in the Control Agreements, without the Pledgee's written consent,
Pledgor shall not assign the Equity Interest in Party C.

 

		8.2	在质权人行使其质押权利时,质权人可以向出质人发出书面通知。

 

Pledgee
may issue a written notice to Pledgor when exercising the Pledge.

 

		8.3	受限于第7.3条的规定,质权人可在按第7.3条发出违约通知之后的任何时间里对质权行使处分的权利。质权人决定行使处分质权的权利时,出质人即不再拥有任何与股权有关的权利和利益。

 

Subject
to the provisions of Section 7.3, Pledgee may exercise the right to enforce the Pledge at any time after the issuance of the Notice
of Default in accordance with Section 7.3. Once Pledgee elects to enforce the Pledge, Pledgor shall cease to be entitled to any
rights or interests associated with the Equity Interest.

 

		8.4	在违约时,根据中国有关法律的规定,质权人有权按照法定程序处置质押股权。在中国法律允许的范围内,对于处置的所得,质权人无需给付出质人;出质人特此放弃其可能有的能向质权人要求任何质押股权处置所得的权利。

 

In
the event of default, Pledgee is entitled to dispose of the Equity Interest in accordance with applicable PRC laws. Only to the
extent permitted under applicable PRC laws, Pledgee has no obligation to account to Pledgor for proceeds of disposition of the
Equity Interest, and Pledgor hereby waives any rights it may have to demand any such accounting from Pledgee.

 

Equity
Pledge Agreement

 

    10

     

    

 

		8.5	质权人依照本合同处分质权时,出质人和丙方应予以必要的协助,以使质权人实现其质权。

 

When
Pledgee disposes of the Pledge in accordance with this Agreement, Pledgor and Party C shall provide necessary assistance to enable
Pledgee to enforce the Pledge in accordance with this Agreement.

 

	9.	转让

 

Assignment

 

		9.1	除非经质权人事先同意,出质人无权赠予或转让其在本合同项下的权利义务。

 

Without
Pledgee's prior written consent, Pledgor shall not have the right to assign or delegate its rights and obligations under this
Agreement.

 

		9.2	本合同对出质人及其继任人和经许可的受让人均有约束力,并且对质权人及每一继任人和受让人有效。

 

This
Agreement shall be binding on Pledgor and its successors and permitted assigns, and shall be valid with respect to Pledgee and
each of its successors and assigns.

 

		9.3	质权人可以在任何时候将其在控制协议项下的所有或任何权利和义务转让给其指定的人(自然人/法人),在这种情况下,受让人应享有和承担本合同项下质权人享有和承担的权利和义务,如同其作为原合同方应享有和承担的一样。质权人转让控制协议项下的权利和义务时,应质权人要求,出质人应就此转让签署有关协议和/或文件。

 

At
any time, Pledgee may assign any and all of its rights and obligations under the Control Agreements to its designee(s) (natural/legal
persons), in which case the assigns shall have the rights and obligations of Pledgee under this Agreement, as if it were the original
party to this Agreement. When the Pledgee assigns the rights and obligations under the Control Agreements, upon Pledgee's request,
Pledgor shall execute relevant agreements or other documents relating to such assignment.

 

		9.4	因转让所导致的质权人变更后,应质权人要求,出质人应与新的质权人签订一份内容与本合同一致的新质押合同,并在相应的工商行政管理机关进行登记。

 

In
the event of a change in Pledgee due to an assignment, Pledgor shall, at the request of Pledgee, execute a new pledge agreement
with the new pledgee on the same terms and conditions as this Agreement, and register the same with the relevant AIC.

 

Equity
Pledge Agreement

 

    11

     

    

 

		9.5	出质人应严格遵守本合同和各方单独或共同签署的其他有关合同的规定,包括股权处分合同和对质权人的授权委托书,履行各合同项下的义务,并不得进行任何足以影响合同的有效性和可强制执行性的作为/不作为行为。除非根据质权人的书面指示,出质人不得行使其对质押股权还留存的权利。

 

Pledgor
shall strictly abide by the provisions of this Agreement and other contracts jointly or separately executed by the Parties hereto
or any of them, including the Equity Option Agreement and the Power of Attorney granted to Pledgee, perform the obligations hereunder
and thereunder, and refrain from any action/omission that may affect the effectiveness and enforceability thereof. Any remaining
rights of Pledgor with respect to the Equity Interest pledged hereunder shall not be exercised by Pledgor except in accordance
with the written instructions of Pledgee.

 

	10.	终止

 

Termination

 

在控制协议项下的咨询服务费等费用偿还完毕,并且丙方不再承担控制协议项下的任何义务之后,本合同终止,并且在尽早合理可行的时间内,质权人应解除本合同下的股权质押。

 

Upon
the full payment of the consulting and service fees under the Control Agreements and upon termination of Party C's obligations
under the Control Agreements, this Agreement shall be terminated, and Pledgee shall then terminate the equity pledge under this
Agreement as soon as reasonably practicable.

 

	11.	手续费及其他费用

 

Handling
Fees and Other Expenses

 

一切与本合同有关的费用及实际开支,其中包括但不限于法律费用、工本费、印花税以及任何其他税收、费用等全部由丙方承担。

 

All
fees and out of pocket expenses relating to this Agreement, including but not limited to legal costs, costs of production, stamp
tax and any other taxes and fees, shall be borne by Party C.

 

Equity
Pledge Agreement

 

    12

     

    

 

	12.	保密责任

 

Confidentiality

 

各方承认及确定有关本合同、本合同内容,以及彼此就准备或履行本合同而交换的任何口头或书面资料均被视为保密信息。各方应当对所有该等保密信息予以保密,而在未得到另一方书面同意前,不得向任何第三者披露任何保密信息,惟下列信息除外:(a)公众人士知悉或将会知悉的任何信息(惟并非由接受保密信息之一方擅自向公众披露);(b)根据适用法律法规、股票交易规则、或政府部门或法院的命令而所需披露之任何信息;或(c)由任何一方就本合同所述交易而需向其股东、投资者、法律或财务顾问披露之信息,而该股东、法律或财务顾问亦需遵守与本条款相类似之保密责任。如任何一方工作人员或聘请机构的泄密均视为该方的泄密,需依本合同承担违约责任。无论本合同以任何理由终止,本条款仍然生效。

 

The
Parties acknowledge that the existence and the terms of this Agreement and any oral or written information exchanged between the
Parties in connection with the preparation and performance this Agreement are regarded as confidential information. Each Party
shall maintain confidentiality of all such confidential information, and without obtaining the written consent of the other Party,
it shall not disclose any relevant confidential information to any third parties, except for the information that: (a) is or will
be in the public domain (other than through the receiving Party’s unauthorized disclosure); (b) is under the obligation
to be disclosed pursuant to the applicable laws or regulations, rules of any stock exchange, or orders of the court or other government
authorities; or (c) is required to be disclosed by any Party to its shareholders, investors, legal counsels or financial advisors
regarding the transaction contemplated hereunder, provided that such shareholders, investors, legal counsels or financial advisors
shall be bound by the confidentiality obligations similar to those set forth in this Section. Disclosure of any confidential information
by the staff members or agencies hired by any Party shall be deemed disclosure of such confidential information by such Party,
which Party shall be held liable for breach of this Agreement. This Section shall survive the termination of this Agreement for
any reason.

 

	13.	适用法律和争议的解决

 

Governing
Law and Resolution of Disputes

 

Equity
Pledge Agreement

 

    13

     

    

 

	 	13.1	本合同的订立、效力、解释、履行、修改和终止以及争议的解决均适用中国法律。

 

The
execution, effectiveness, construction, performance, amendment and termination of this Agreement and the resolution of disputes
hereunder shall be governed by the laws of China.

 

		13.2	因解释和履行本合同而发生的任何争议,本合同各方应首先通过友好协商的方式加以解决。如果在一方向其他方发出要求协商解决的书面通知后30天之内争议仍然得不到解决,则任何一方均可将有关争议提交给位于[           ]的中国国际经济贸易仲裁委员会[           ]分会,由该会按照其仲裁规则仲裁解决。仲裁应在[           ]进行,使用之语言为中文。仲裁裁决是终局性的,对各方均有约束力。

 

In
the event of any dispute with respect to the construction and performance of this Agreement, the Parties shall first resolve the
dispute through friendly negotiations. In the event the Parties fail to reach an agreement on the dispute within 30 days after
either Party's request to the other Parties for resolution of the dispute through negotiations, either Party may submit the relevant
dispute to the [             ]Commission of China International Economic
and Trade Arbitration Commission for arbitration, in accordance with its Arbitration Rules. The arbitration shall be conducted
in [            ], and the language used in arbitration shall be Chinese.
The arbitration award shall be final and binding on all Parties.

 

		13.3	因解释和履行本合同而发生任何争议或任何争议正在进行仲裁时,除争议的事项外,本合同各方仍应继续行使各自在本合同项下的其他权利并履行各自在本合同项下的其他义务。

 

Upon
the occurrence of any disputes arising from the construction and performance of this Agreement or during the pending arbitration
of any dispute, except for the matters under dispute, the Parties to this Agreement shall continue to exercise their respective
rights under this Agreement and perform their respective obligations under this Agreement.

 

	14.	通知
	 	 

		Notices	
	 	 	 

		14.1	本合同项下要求或发出的所有通知和其他通信应通过专人递送、挂号邮寄、邮资预付或商业快递服务的方式发到该方下列地址。每一通知还应再以电子邮件送达。该等通知视为有效送达的日期按如下方式确定:

 

All
notices and other communications required or permitted to be given pursuant to this Agreement shall be delivered personally or
sent by registered mail, postage prepaid, by a commercial courier service to the address of such party set forth below. A confirmation
copy of each notice shall also be sent by E-mail. The dates on which notices shall be deemed to have been effectively given shall
be determined as follows:

 

	 		14.1.1	通知如果是以专人递送、快递服务或挂号邮寄、邮资预付发出的,则以于设定为通知的地址在签收或拒收之日为有效送达日。

 

Notices
given by personal delivery, by courier service or by registered mail, postage prepaid, shall be deemed effectively given on the
date of acceptance or refusal at the address specified for notices.

 

Equity
Pledge Agreement

 

    14

     

    

 

		14.2	为通知的目的,各方地址如下:

 

For
the purpose of notices, the addresses of the Parties are as follows:

 

甲方:
[WFOE]

 

Party
A: 

地址:

Address:

收件人Attn.:

电话Phone:

乙方:[SHAREHOLDER]

 

Party
B:

地址:

Address:

电话Phone:

丙方:
[VIE]

 

Party
C: 

地址:

Address:

收件人Attn.:

电话Phone:

 

Equity
Pledge Agreement

 

    15

     

    

 

		14.3	任何一方变更接收通知的地址或联系人的,应按本条规定给其他方发出通知。

 

If
any Party change its address for notices or its contact person, a notice shall be delivered to the other Parties in accordance
with the terms hereof.

 

	15.	分割性

 

Severability

 

如果本合同有任何一条或多条规定根据任何法律或法规在任何方面被裁定为无效、不合法或不可执行,本合同其余规定的有效性、合法性或可执行性不应因此在任何方面受到影响或损害。各方应通过诚意磋商,争取以法律许可以及各方期望的最大限度内有效的规定取代那些无效、不合法或不可执行的规定,而该等有效的规定所产生的经济效果应尽可能与那些无效、不合法或不能强制执行的规定所产生的经济效果相似。

 

In
the event that one or several of the provisions of this Agreement are found to be invalid, illegal or unenforceable in any aspect
in accordance with any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement
shall not be affected or compromised in any respect. The Parties shall strive in good faith to replace such invalid, illegal or
unenforceable provisions with effective provisions that accomplish to the greatest extent permitted by law and the intentions
of the Parties, and the economic effect of such effective provisions shall be as close as possible to the economic effect of those
invalid, illegal or unenforceable provisions.

 

Equity
Pledge Agreement

 

    16

     

    

 

	16.	附件

 

Attachments

 

本合同所列附件,为本合同不可分割的组成部分。

 

The
attachments set forth herein shall be an integral part of this Agreement.

 

	17.	生效

 

Effectiveness

 

		17.1	本协议经各方适当签署时生效。

 

This
Agreement shall become effective when the Parties have duly executed this Agreement.

 

		17.2	本合同的任何修改、补充或变更,均须采用书面形式,经各方签字或盖章后生效。

 

Any
amendments, changes and supplements to this Agreement shall be in writing and shall become effective after the affixation of the
signatures or seals of the Parties.

 

		17.3	本合同以中文和英文书就,一式三份,质权人、出质人和丙方各持一份,具有同等效力;中英文版本如有冲突,应以中文版为准。

 

This
Agreement is written in Chinese and English in three copies. Pledgor, Pledgee and Party C shall hold one copy respectively. Each
copy of this Agreement shall have equal validity. In case there is any conflict between the Chinese version and the English version,
the Chinese version shall prevail.

 

本页其余部分刻意留为空白

 

The
Remainder of this page is intentionally left blank

 

Equity
Pledge Agreement

 

    17

     

    

 

有鉴于此,各方已使得经其授权的代表于文首所述日期签署了本股权质押合同并即生效,以昭信守。

 

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

 

	甲方:   [WFOE]	 
	Party
    A:  	 
	签字:	 
	By:	 	 
	姓名:	 
	Name:	 	 
	职务:  法定代表人	 
	Title:  Legal Representative	 
	乙方: [SHAREHOLDER]	 
	 	 	 
	Party
    B:  	 
	签字:	 
	By:	 	 
	丙方: [VIE]	 
	 	 	 
	Party
    C:	 
	签字:	 
	By:	 	 
	姓名:  	 
	Name:	 	 
	职务: 法定代表人	 
	Title:	Legal
    Representative	 

 

Equity
Pledge Agreement

 

    18

     

    

 

附件:

 

Attachments:

 

	1.	[VIE]股东名册;

 

Shareholders'
register of [VIE];

 

	2.	[VIE]的出资证明书;

 

The
Capital Contribution Certificate for [VIE];

 

	3.	技术咨询与服务协议

 

Consultation
and Service Agreement

 

	4.	业务合作协议

 

Business
Cooperation Agreement

 

Equity
Pledge Agreement

 

 

19

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00323-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00323-of-00352.parquet"}]]