Document:

Exhibit 10.8

 

Guangdong
Huaxing Bank

 

Network
Lending Platform Client Funds Depository Business Cooperation Agreement

 

YHYHP ZI No. 20170221001

 

Partner: Sichuan Senmiao Ronglian Technology
Limited

 

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Party A: Guangdong Huaxing Bank Co., Ltd.

Address: No. 533, Tianhe Road, Guangzhou,
Guangdong Province

 

Party B: Sichuan Senmiao Ronglian Technology
Limited

Address: 16F, Block A, Shihao Square,
Middle Section of Jiannan Avenue, High-Tech Zone, Chengdu

 

In consideration of clients fund depository
business of Guangdong Huaxing Bank for network lending platforms, Party A and Party B enter into this Agreement for the purpose
of clarifying each party’s rights and obligations as well as regulating both parties’ business activities through full
consultation on the basis of free will, equality, and mutual benefits to comply with.

 

Article 1 General Provisions on Cooperation

 

		(I)	In case of any conflict between this Agreement and the regulations promulgated by competent regulatory
authorities, the regulations promulgated by competent regulatory authorities shall prevail.

 

		(II)	Party A and Party B agree to regard each other as an important business partner, and will be dedicated
to cooperation on service innovation with the focus on funds depository service, payment and settlement, customer resources sharing,
financial management, and various internet financial business as well as the corresponding promotion and implementation, so as
to build a stable cooperation relationship between bank and enterprise on a long term basis.

 

		(III)	Party B agrees to take Party A as the major preferred partner bank and to open account with Party
A under its own name.

 

		(IV)	Party A agrees to provide Party B fund depository services generally provided to P2P lending platforms.

 

Article 2 Terms and Definitions

 

		(I)	“Individual network lending” (hereinafter referred to as “network lending”)
means the lending and borrowing directly between individuals through online platform.

 

		(II)	“Individual network lending platform” (hereinafter referred to as “network lending
platform”) means the institution operated by Party B, providing intermediary service, including information exchange, match,
and credit assessment for investors and borrowers as well as its online platform and system.

 

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		(III)	“Clients Fund depository business” (hereinafter referred to as “depository business”)
means a product developed by Party A for satisfying the depository demand of network lending transaction funds; its main functions
include account opening, investment, loan release, and repayment. Clients shall independently open an account with Party A upon
completion and operation of the system integration by both parties; Party A shall manage and supervise clients’ funds, so
as to implement separate management on clients’ funds and the funds of Party B.

 

		(IV)	“Client” means the person who registers with the network lending platform, concludes
transactions, and accepts the funds depository services provided by Party A. It shall be divided into investors and borrowers according
to supply or demand of funds.

 

		(V)	“Subject” means a financing demand released by the network lending platform.

 

		(VI)	“Bidding” means the process that the investor makes investment on certain subject through
the network lending platform, and Party A suspends the payment of the investment funds.

 

		(VII)	“Loan Release” means the process that Party B issues an instruction to Party A to cancel
the suspension of payment of all bidding funds for certain subject in the case of fulfillment of the conditions of loan release,
and transfer them to the payment account designated by the borrower, and to credit any amount receivable by the institution (if
any) to the settlement account of the institution.

 

		(VIII)	“Repayment” means the process that the borrower makes repayment for the investor; Party
B issues an instruction to Party A to transfer the amount from the borrower’s account to the investor’s account, and
to credit any amount receivable by the institution (if any) to the settlement account of the institution.

 

		(IX)	“Deposit” means the funds paid by Party B to its designed account with Party A as agreed,
which will be used for the purpose of indemnification for Party A’s loss of reputation due to Party B’s fault only.

 

Article 3 Risks

 

		(I)	Party A will not intervene Party B’s business activities, review the subject and client,
provide guarantee for the lending and borrowing, be liable for any losses caused to client due to lending, nor take collection
of payment or direct deduction;

 

		(II)	Party A will not be liable for any losses and liabilities arising from cease of the service ordered
by regulatory authorities.

 

Article 4 Basic Rules

 

		(I)	The client’s account used for Party B’s network
lending transactions shall be an account of the specified type kept with Party A under the client’s name;

 

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		(II)	Party B’s account for receipt of payment from client
as agreed shall be the corporate settlement account kept with Party A by Party B;

 

		(III)	Settlement rules of accounts shall be subject to relevant regulations of Party A;

 

		(IV)	One or more clients’ biddings for one subject are acceptable; settlement of the total funds
of any subject must be made through the client’s account kept with Party A;

 

		(V)	Any information of Party B’s release of new subject or update of subject status and information
shall be informed to Party A on a timely basis;

 

		(VI)	Party B’s information or instruction sent to Party A shall be automatically generated based
on the clients’ authorization; the information or instruction shall fully conform to the client’s intention, and shall
not contradict the agreement between Party B and the client;

 

		(VII)	Party A has the right to require the client for transaction authentication prior to Party A’s
execution of the transaction instruction; authentication methods include but not limited to transaction password and authentication
code;

 

		(VIII)	Party B shall use the processing results provided by Party A as the basis of sending out messages
and executing instructions;

 

		(IX)	In case of unusual operation of the services due to any reasons not attributable to Party A, such
as force majeure or problems with power supply, telecommunication, or network etc., Party A will assist the clients and the lending
platform to solve the problem or provide necessary assistance as the case may be; however, Party A will not bear any responsibilities
arising thereof.

 

Article 5 Party A’s Rights and
Obligations

 

		(I)	Party A’s Obligations

 

		1.	To provide depository service to Party B as agreed herein, mainly includes:

 

		(1)	To implement management on clients’ funds and the funds of Party B in separate accounts.

 

		(2)	To provide services, including client’ s account opening, bidding, loan release, repayment,
and transaction authentication for Party B;

 

		(3)	To provide individual account and relevant services for Party B’s clients;

 

		(4)	To provide service of bank reconciliation for Party B.

 

		2.	To assist Party B in handling of complaints and disputes arising from the depository service;

 

		3.	Unless otherwise specified by laws and regulations or required by regulatory authorities, to keep
the materials and the information submitted by Party B confidential.

 

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		(II)	Party A’s Rights

 

		1.	Party A has the right to require Party B to provide the information and relevant data relating
to corporate status, business operation, and the lending intermediary services;

 

		2.	Party A has the right to require Party B to pay service fees and the deposit as agreed in Article
7 and 8;

 

		3.	Party A has the right to assist public security and judicial authorities to investigate and freeze
the assets involved in any case in accordance with relevant rules and regulations relating to assistance in investigating and freezing
on a timely basis, and to corporate with public security and judicial authorities on evidence collection and enforcement;

 

		4.	In any one of the following events, Party A has the right to take one or more measures, including
suspension or termination of the cooperation, freezing of the assets involved in any cases, forfeiture of deposit, and filing of
claims against Party B based on the actual situation and the economic losses.

 

		(1)	Party B fails to do business honestly, embezzles and defrauds of users’ funds and information,
or assists the borrowers to embezzle and defraud of investors’ funds;

 

		(2)	Party B illegally conducts fundraising or takes public deposits;

 

		(3)	Party B commits financial crimes, such as money laundering;

 

		(4)	Party B provides incorrect or false identity certificate, corporate registration information, and
business scope;

 

		(5)	Party B violates the basic regulations of depository business;

 

		(6)	There are great risks in the lending transactions involved;

 

		(7)	Party B harms Party A’s reputation;

 

		(8)	Party B fails to pay the service fee and the deposit as agreed;

 

		(9)	Party B shifts the responsibilities in respect of business issues in bad faith, resulting in client
complaints, which costs Party A’s additional human resources and financial resources;

 

		(10)	Party B fails to provide the services related to depository business through Party A’s system
within 3 months upon completion of Party A’s depository system integration, or fails in terminating the depository,
supervision, trust, and payment and settlement business with non-bank institutions within 6 months;

 

		(11)	Other cases in violation of laws and regulations that adversely affect Party A’s interests.

 

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		5.	To optimize and upgrade the system related to the depository business;

 

		6.	To send business information to Party B and its clients.

 

Article 6 Party B’s Rights and
Obligations

 

		(I)	Party B’s Obligations

 

		1.	To conduct all business activities in accordance with the laws and regulations issued by government
authorities as well as the administration rules promulgated by regulatory authorities;

 

		2.	To review the qualification of the investor and borrower, the lending and borrowing relationship,
and the loan purpose etc., so as to ensure no violation of laws and regulations;

 

		3.	To take effective measures to identify the clients’ identities, proactive detect and report
suspicious transaction, and keep clients’ information and transaction records properly;

 

		4.	To establish and complete the rules and regulations in respect of assistance in enquiry and block
according to relevant regulations; to assist public security and judicial authorities to investigate and freeze the assets involved
in any case on a timely basis, and corporate with public security and judicial authorities on evidence collection and enforcement;

 

		5.	To ensure that any information or instruction issued to Party A is true, accurate, and complete,
and deliver the processing result provided by Party A to clients on a timely, safe, and confidential basis;

 

		6.	To provide the basic information of lending business as required by Party A truthfully; to accept
the investigation on Party B and its business conducted by Party A;

 

		7.	To pay the service fee and the deposit as agreed in Article 7 and 8;

 

		8.	To comply with the basic principles of depository business and provide excellent service for clients
and settle disputes on a timely basis;

 

		9.	To be prohibited from misleading publicity to clients and overstatement of the service scope provided
by Party A and the responsibilities and ensure that Party A will not suffer any reputation and financial losses due to Party B’s
business activities;

 

		10.	To be prohibited from obtaining the clients’ transaction passwords, authentication codes
by illegal means;

 

		11.	To be prohibited from directly granting or extending the service provided by Party A for any third
party’s use;

 

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		12.	To cooperate on optimization and upgrading of the system as required by Party A;

 

		13.	To publish any picture or text concerning Party A on the Internet and via media with Party A’s
consent;

 

		14.	To fulfill confidentiality obligation, not to disclose information such as the fee rates for the
cooperation between both parties, the system demand, and the technical system interface.

 

		15.	To settle any complaint or dispute arising from the depository service as specified in Article
9 on a timely basis;

 

		16.	To agree to execute the Tripartite Agreement on Guangdong Huaxing Bank Individual Network Lending
Platform Clients Fund Depository Business (see attached) with Party A and client(s) in electronic form;

 

		17.	To provide the services related to depository business through Party A’s system within 3
months upon completion of Party A’s system integration and operation, and terminate the depository, supervision, trust, and
payment and settlement business with non-bank institutions within 6 months;

 

		18.	In case of Party B’s termination of this Agreement or discontinuation of the business, Party
B shall negotiate with Party A at least one month in advance; discontinuation of the business shall be subject to definition of
further rights and obligations as agreed by both parties.

 

		(II)	Party B’s Rights

 

		1.	Party B has the right to obtain the client fund depository service provided by Party A as agreed.

 

		2.	Party B has the right to require Party A to assist in settlement of complaints and disputes arising
from the depository service.

 

Article 7 Service Fee and Relevant Provisions

 

		(I)	Charges for Prepayment:

 

Charges for
prepayment=prepayment amount of third party payment company * 0.3%, which shall be paid prior to the 10th business day
of each month.

 

		(II)	Service Fee:

 

Charges payable=amount
of loan released of each month X appropriate ratio.

 

In case that
the charges payable calculated is greater than the ceiling limit, the amount equal to the ceiling limit shall be paid as the service
fee; In case that the charges payable calculated is less than the floor limit, the amount equal to the floor limit shall be paid
as the service fee. The range of loan released, appropriate ratio, ceiling limit, and floor limit shall be as follows:

 

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	Range of loan released 
 (ten thousand)
	 	Appropriate ratio	 	 	Ceiling limit (ten 
 thousand)
	 	 	Floor limit (ten  
 thousand)
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	0 (Incl.) - 1500	 	 	0.10	%	 	 	1.2	 	 	 	0.85	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	1500 (Incl.) - 5000	 	 	0.07	%	 	 	None	 	 	 	1.2	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	5000 (Incl.)	 	 	0.05	%	 	 	5	 	 	 	3.5	 

 

		(III)	Payment Account

 

Account Name:
Ihongsen Payment Collection

 

Account No.:
897001016021070121

 

Bank Name:
Guangzhou Branch Business Office, Guangdong Huaxing Bank

 

Article 8 Deposit and Relevant Provisions

 

		(I)	The deposit will be used for the purpose of indemnification for Party A’s loss of reputation
due to Party B’s fault only, and will not be served as indemnification for any risks arising from Party B’s operation,
payment, disbursement, and guarantee etc.

 

		(II)	Party B’s faults which may result in Party A’s loss of reputation include:

 

		1.	negative publicity about Party B in public channels, such as internet or traditional media etc.;

 

		2.	Party B’s unusual operation resulting in clients’ complaints on a large scale;

 

		3.	Party B’s shift of responsibilities in bad faith specified in Article 9;

 

		4.	Breach of the provisions on information release specified in Article 10;

 

		5.	Other activities harming Party A’s interests.

 

		(III)	Payment Terms of Deposit:

 

		1.	Calculation:

 

		 ̈	Deposit
                                         shall be paid in full prior to the 5th business day of each month;

 

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		°	The amount of the deposit shall be RMB 500,000 yuan, which shall be paid prior to operation
of the business:

 

		2.	Retention Period and Time of Payment:

 

		°	The deposit shall be retained during the term of this Agreement;

 

		(IV)	Daily Management on the Deposit

 

		1.	The deposit shall be paid as agreed. In case of Party B’s failure to pay the deposit, Party
A has the right to suspend or terminate the service agreed herein;

 

		2.	In case of Party B’s fault resulting in Party A’s loss of reputation, the deposit may
be forfeited without any notice to Party B. Any forfeited deposit will not be refunded.

 

		(1)	In case that Party A’s loss of reputation and relevant damage may be evaluated as a fixed
amount, the fixed amount shall be deducted from the deposit.

 

		(2)	In case that Party A’s loss of reputation and relevant damage are unable to be evaluated
as a fixed amount, Party A will forfeit less than 20% of the deposit for minor loss, 20% (incl.) to 50% for medium loss, and 50%
(incl.) to 100% (incl.) for major loss. Any forfeited deposit will not be refunded.

 

For the purpose
of this Agreement, the minor loss means negative publicity about Party A in small scale due to Party B’s fault, which spreads
in small extent of area, audience, and media; the medium loss means negative publicity about Party A in medium scale due to Party
B’s fault, which spreads in large extent of area, audience, and well-known media or results in customer complaints against
Party A; the major loss means negative publicity about Party A in large scale due to Party B’s fault, which spreads in widespread
extent of area, audience, and nationwide well-known media or results in large-scale customer complaints against Party A; or Party
B’s senior management loses contact.

 

		(3)	In case of Party B’s failure in payment of the deposit, a deposit in an amount not less than
RMB 50,000 yuan shall be paid first and then forfeited; or a fine equal to the appropriate amount shall be directly paid.

 

		3.	In case of termination of the cooperation as agreed by both parties, the deposit will be returned
to Party B upon completion of the repayment for all of Party B’s subject loans released through this business.

 

Article 9 Customer Service and Handling
of Unusual Situations

 

		(I)	Party B is the primary customer service organization of this business, in charge of processing
customers’ inquiries and complaints etc. on the front lines. In case of any customer conflict during the operation of the
business, Party B shall actively comfort the customer and conclude reconciliation, other than shift the conflict to Party A. Party
B’s shift of responsibilities in bad faith, which results in Party A’s loss of reputation, shall be subject to the
provisions in Article 8.

 

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		(II)	Party A shall provide instruction of business rules to Party B. For any issues unrelated to the
business rules, Party A is obligated to assist Party B in handling the relevant issues as per following procedures:

 

		1.	Each party shall inform the other party of any unusual situation on a timely basis;

 

		2.	Both parties shall investigate; Party B is responsible for customer service; Party A provides necessary
assistance;

 

		3.	Upon verification of the problem, Party A shall make accounting adjustments according to the actual
transactions.

 

Article 10 Information Release

 

Party B’s following actions shall
be subject to Party A’s consent in writing or by email:

 

		(I)	Party B or its staffs declare the fund depository service provided by Party B or Party A for their
clients in the form of publication, release, announcement, and distribution etc. through public channels, such as internet and
traditional media etc.;

 

		(II)	Party B or its staffs declare any contents containing any information concerning Party A in the
form of publication, release, announcement, and distribution etc., including but not limited to Party A’s name, product,
employees’ texts, pictures, and trademark etc.

 

Article 11 Governing Law and Dispute
Resolution

 

This Agreement shall be governed by the
law of the People’s Republic of China; any disputes in connection with the execution hereof shall be settled through negotiation
or mediation; should no settlement be reached, the case shall be submitted to the people’s court at the place of Party A’s
premises (Tianhe District, Guangzhou) for litigation.

 

Article 12 Term of the Agreement

 

The term of this Agreement shall be one
year. This Agreement shall be automatically renewed for one year upon expiration with the consent of both parties.

 

Article 13 Effectiveness and Termination
of the Agreement

 

		(I)	This Agreement shall come into effect upon affixing the official seal of Party A and Party B.

 

		(II)	In any one of the following events, the non-defaulting party may terminate this Agreement immediately
after giving a notice to the defaulting party in writing, by email or telephone etc.:

 

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		1.	Either party breaches the Agreement or fails in performance of relevant obligations, and further
fails in correction upon receipt of the written notice from the other party;

 

		2.	Either party’s serious default during the term of this Agreement causes a failure in fulfillment
of the purpose of this Agreement.

 

Article 14 Anti-Corruption and Anti-Bribery

 

		(I)	Each party under this Agreement understands and agrees to comply with the laws and regulations
of the People’s Republic of China on anti-corruption and anti-bribery.

 

		(II)	Either party or its representative shall not give or agree to give the key personnel, representative,
or other relevant staffs of the other party any illegal benefits beyond that agreed herein in any form, including but not limited
to money, negotiable securities, shopping cards, gifts or solicit any illegal benefits from any key personnel, representative,
or other relevant staffs of the other party. Otherwise, the said party must make indemnification for all losses caused to the other
party.

 

		(III)	The “other relevant staffs” referred in above (II) means the personnel directly or
indirectly having interest in the business under this Agreement other than the key personnel and the representative of the other
party, including but not limited to the relative and friends of the key personnel and the representative of the other party.

 

Article 15 Miscellaneous

 

Not applicable.

 

Article 16 Supplementary Provisions

 

		(I)	This Agreement may be amended or terminated in writing as agreed by both parties;

 

		(II)	Each party has fully reviewed and understood all provisions herein and fully acknowledges and agrees
upon its own rights and obligations under this Agreement.

 

		(III)	This Agreement is executed in quadruplicate; each party holds two, having the same legal effect.

 

	Party A	 	Party B
	 	 	 
	Guangdong Huaxing Bank Co., Ltd. (Special Seal for Business Contract)	 	Sichuan Senmiao Ronglian Technology Limited (Seal)
	 	 	 
	February 23, 2017	 	February 23, 2017

 

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Attachment:

 

Form of
Tripartite Agreement on Guangdong Huaxing Bank Individual Network Lending Platform Client Funds Depository Business

 

Party A: Individual investing and/or applying
for loan in the individual network lending platform operated by Party B

 

Party B: Individual network lending platform

 

Party C: Guangdong Huaxing Bank Co., Ltd.

 

Party A is an individual investing and/or
applying for loan in the individual network lending platform operated by Party B; Party B and Party C develop the cooperation on
individual network lending platform clients fund depository business. Party A, Party B, and Party C enter into this Agreement for
the purpose of clarifying each party’s rights and obligations as well as regulating the three parties’ business activities
on the basis of free will, equality, and mutual benefits to comply with.

 

Article 1 Terms and Definitions

 

		(I)	“Individual network lending” (hereinafter referred to as “network lending”)
means the lending and borrowing directly between individuals through online platform.

 

		(II)	“Individual network lending platform” (hereinafter referred to as “network lending
platform”) means the institution operated by Party B, providing intermediary service, including information exchange, match,
and credit assessment etc. for investors and borrowers, as well as its online platform and system.

 

		(III)	“Client Funds depository business” (hereinafter referred to as “depository business”)
means a product developed by Party C for satisfying the depository demand of network lending transaction funds; its main functions
include account opening, bidding, loan release, and repayment etc. Clients shall independently open an account with Party C upon
completion and operation of the system integration by Party B and Party C; Party C shall manage and supervise clients’ funds,
so as to implement management on clients’ funds and the funds of Party B in separate accounts.

 

		(IV)	“Client” means the person who registers with the network lending platform, concludes
transactions, and receives the funds depository business provided by Party C. It shall be divided into investor and borrower according
to supply or demand of funds.

 

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		(V)	“Subject” means a financing demand released by the network lending platform.

 

		(VI)	“Bidding” means the process that the investor makes investment on certain subject through
the network lending platform, and Party C suspends the payment of the investment funds.

 

		(VII)	“Loan Release” means the process that Party B issues an instruction to Party A to cancel
the suspension of payment of all bidding funds for certain subject in the case of fulfillment of the conditions of loan release,
and transfer them to the payment account designated by the borrower, and to credit any amount receivable by the institution (if
any) to the settlement account of the institution.

 

		(VIII)	“Repayment” means the process that the borrower makes repayment for the investor; Party
B issues an instruction to Party C to transfer the amount from the borrower’s account to the investor’s account, and
to credit any amount receivable by the institution (if any) to the settlement account of the institution.

 

Article 2 Representations

 

		(I)	Party A’s Representations

 

		1.	Party A has valid qualifications of investment or/and application for loan, commits no activities
prohibited or restricted from carrying out network lending transactions by laws, regulations, rules, other regulatory documents,
and Party B’s transaction rules.

 

		2.	Party A warrants that all certificates and information provided for Party B and Party C are legal,
authentic, accurate, complete, and valid. In case of any change in Party A’s information, Party A must notify Party B and
Party C as agreed on a timely basis.

 

		3.	Party A warrants that its funding source conforms to laws and regulations, and is allowed to be
invested in network lending transaction and free from any financial crimes, such as money laundering etc.

 

		4.	Party B shall declare the risks in network lending transactions to Party A; Party A has clearly
understood and agrees to accept the transaction risks.

 

		5.	Party A has clearly understood that Party C is liable for the clients depository service only;
Party C will not intervene Party B’s business activities, review the subject and client, provide guarantee for the lending
and borrowing, be liable for any losses caused to client due to lending nor make collection of payment or direct deduction.

 

		6.	Party A agrees to comply with relevant laws, regulations, and Party B’s transaction rules.

 

		7.	Party A agrees Party C is responsible for accounting process according to the electronic instruction
and information sent by Party B’s platform and system.

 

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		8.	Party A agrees Party B and Party C may suspend or terminate this business as agreed by the both
parties.

 

		9.	Party A has carefully read and fully understood all provisions herein, especially the provisions
on the responsibilities of Party B and Party C, and agrees upon all of the provisions. Party A fully understands the results of
all operations through Party B’s internet platform; any risks in funds and operation arising thereof shall be Party A’s
responsibilities; Party A shall select the investment targets with due diligence.

 

		(II)	Party B’s Representations

 

		1.	Party B is a network lending platform established according to law, having appropriate qualifications
for carrying out network lending business.

 

		2.	Party B warrants that the investor, borrower, and the information of lending projects registered
on its service platform are authentic and valid, free from false borrowers and lending projects, or any activities harming the
legal rights of the investor, such as fabrication of lending projects for borrowers or intentional withholding of major defects
of lending projects; otherwise, Party B will bear the economic and legal liabilities arising thereof.

 

		3.	Party B warrants that any electronic instruction and information submitted to Party C’s system
through its own service system shall be automatically generated based on Party A’s authorization; the information and instruction
shall fully conform to Party A’s intention, and shall not go against the agreement between Party B and Party A; they shall
be authentic, complete, accurate, and valid; Party B accepts Party C’s accounts and accounting process according to the electronic
instruction and information. In case of any loss caused to any related parties, such as Party A or Party C etc. due to inaccurate,
inauthentic, incomplete, and invalid instruction or information, Party B warrants to bear the liabilities for the faults.

 

		4.	Party B is obligated to take effective measures to identify Party A’s identity, proactively
detect and report suspicious transaction, and keep clients’ information and transaction records properly. Party B shall establish
and complete the rules and regulations in respect of assistance in investigation and freezing of the assets according to relevant
regulations, assist public security and judicial authorities to enquire and block the assets involved in any case on a timely basis,
and corporate with public security and judicial authorities on evidence collection and enforcement.

 

		5.	Party B will review Party A’s funding source and transaction activities with respect of the
compliance with laws and regulations to ensure Party A and Party B itself commit no financial crimes, such as money laundering.

 

		6.	Party B will comply with relevant laws, regulations, and transaction and settlement rules.

 

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		7.	Party B agrees that Party A may suspense or terminate this business as agreed by both parties.

 

		8.	Party B has carefully read and fully understood all provisions herein, especially the provisions
on the responsibilities of Party C, and agrees to all of the provisions.

 

		(III)	Party C’s Representations

 

		1.	Party C is a commercial bank established according to law; it will bear the responsibilities as
agreed herein other than the responsibilities of reviewing the compliance with laws and regulations of Party A’s funding
source.

 

		2.	Party C is not liable for reviewing the authenticity and validity of the borrowers and lending
projects provided by Party B, and will not guarantee for borrowers’ repayment for the lending projects.

 

		3.	Party C is obligated to assist public security and judicial authorities to investigate and freeze
the assets involved in any case on a timely basis, and corporate with public security and judicial authorities on evidence collection
and enforcement according to relevant regulations in respect of assistance in enquiry and block.

 

		4.	Party C has the right to suspend or terminate this business as agreed with Party B, and carry out
relevant accounting process.

 

		5.	Party C is not liable for any losses and liabilities arising from cease of the service ordered
by regulatory authorities.

 

		6.	Party C and its partners may send business information to Party A.

 

Article 3 Basic Rules

 

		(I)	Account

 

		1.	Party A’s account which is used for network lending transactions shall be the special account
for individual network lending transaction under Party A’s name kept with Party C.

 

		2.	Party C has the right to require Party A for transaction authentication upon account opening and
transactions; authentication methods include transaction password and authentication code etc.

 

		(II)	Prepayment into Account

 

		1.	The prepayment shall be initiated by Party A; Party B shall provide the channel for business processing.

 

		2.	Party A may, at its option, make the prepayment through its other individual account kept with
Party C or through making deduction by Party C’s partners.

 

    	 	15	 

     

    

 

		(III)	Withdrawal of Funds

 

		1.	Withdrawal of funds shall be initiated by Party A; Party B shall provide the channel for business
processing.

 

		2.	Party A may withdraw the funds to its other individual account kept with Party C or to other individual
account which satisfies Party C’s requirements.

 

		(IV)	Bidding

 

		1.	The bidding shall be initiated by Party A; Party B shall provide the channel for business processing.

 

		2.	Payment of the investment funds in the account shall be suspended after bidding; the funds suspended
shall not be used for bidding or other settlement prior to cancellation of the suspension of payment.

 

		3.	In the case that Party B provides the automatic bidding service which Party A agrees to accept,
Party A authorizes Party B to submit automatic bidding upon fulfillment of the bidding conditions. The authorization documents
shall be kept by Party B, and Party B shall provide support at Party C’s request for review. In case of any losses caused
to Party C or the person repaying the loan due to Party B’s failure in obtaining the proper authorization of the person repaying
the loan, Party B shall bear any liabilities arising thereof.

 

		4.	In case of Party A’s bidding subject to Party B’s review, any failure in bidding due
to Party B’s rejection in the review shall not be the responsibilities of Party C.

 

		(V)	Loan Release

 

		1.	In case of fulfillment of the conditions of loan release subject to Party B’s review, Party
B shall send the loan release information and instruction to Party C;

 

		2.	Party C shall automatically cancel the suspension of payment of the investment funds for bidding
according to the information and instruction, and transfer the funds to the account designated by the borrower.

 

		3.	Any failure in loan release due to Party B’s rejection in the review shall not be the responsibilities
of Party C.

 

		(VI)	Repayment for Loan

 

		1.	The repayment of loan shall be initiated by Party A; Party B shall provide the channel for business
processing.

 

		2.	The repayment shall be made from the account designated by the borrower to the account designated
by the investor.

 

    	 	16	 

     

    

 

		3.	In case that Party B provides the automatic repayment service which Party A agrees to accept, Party
A authorizes Party B to make repayment automatically as agreed. The authorization documents shall be kept by Party B, and Party
B shall provide support at Party C’s request for review. In case of any losses caused to Party C or the person repaying the
loan due to Party B’s failure in obtaining the proper authorization of the person repaying the loan, Party B shall bear any
liabilities arising thereof.

 

		(VII)	Charges

 

		1.	Party B warrants that any expenses charged from Party A are subject to Party A’s authorization;
The authorization documents shall be kept by Party B, and Party B shall provide support at Party C’s request for review.

 

		2.	Party C will make deductions according to Party B’s information and instruction without further
review of the amounts deducted and collected; any dispute arising from the deduction and collection between Party A and Party B
shall be settled by Party A and Party B; any claim arising thereof shall not be filed against Party C.

 

		(VIII)	Transfer-out

 

In case of
suspension or termination of the cooperation between Party B and Party C, Party A shall timely withdraw the funds out of the special
account for network lending transactions as arranged by Party B or Party C. In case of failure in withdrawal of funds upon termination
of the cooperation between Party B and Party C, Party C will transfer the funds to Party A’s other individual accounts kept
with Party C.

 

Article 4 Anti-Corruption and Anti-Bribery

 

		(I)	Each party under this Agreement understands and agrees to comply with the laws and regulations
of the People’s Republic of China on anti-corruption and anti-bribery.

 

		(II)	Any party or its representative shall not give or agree to give the key personnel, representative,
or other relevant staffs of other parties any illegal benefits beyond that agreed herein in any form, including but not limited
to money, negotiable securities, shopping cards, gifts, or tourism etc. or solicit any illegal benefits from any key personnel,
representative, or other relevant staffs of the other parties. Otherwise, the said party must make indemnification for all losses
caused to other parties.

 

		(III)	The “other relevant staffs” referred in above (II) means the personnel directly or
indirectly having interest in the business under this Agreement other than the key personnel and the representative of other parties,
including but not limited to the relative and friends of the key personnel and the representative of other parties.

 

    	 	17	 

     

    

 

Article 5 Governing Law and Jurisdiction

 

This Agreement shall be governed by the
law of the People’s Republic of China; any dispute in connection with execution hereof shall be settled through negotiation
or mediation by the three parties; should no settlement be reached, the case shall be submitted to the people’s court at
the place of Party C’s premises (Tianhe District, Guangzhou) for litigation.

 

Article 6 Miscellaneous

 

		(I)	Party C has the right to upgrade and modify the system. In case of cancellation or suspension of
service, or any change in the account numbers of Party A and Party B, and service contents, items, and methods etc. due to Party
C’s upgrading and modification, Party C will release announcement in advance; however, any notice will not be given to Party
B and Party B separately.

 

		(II)	Party C has the right to amend the service terms, and release the updated terms and conditions
through the channels, including official website and internet lending platform etc.; however, any notice will not be given to Party
B and Party B separately. Party B’s use of the service after amendment on the service terms shall be deemed that it has understood
and agreed to accept the amendment.

 

		(III)	In case of improper operation of the services due to any reasons not attributable to Party C, such
as force majeure or problems with power supply, telecommunication, or network etc., Party C will assist Party A and Party B to
solve the problem or provide necessary assistance as the case may be; however, Party C will not bear any responsibilities arising
thereof.

 

		(IV)	In case of any accounting error due to failure in network or telecommunication or any other reasons
during the transaction, Party C has the right to make accounting adjustment according to the actual transactions.

 

		 ̈	I’ve carefully read the Tripartite
Agreement on Guangdong Huaxing Bank Individual Network Lending Platform Client Funds Depository Business, and agree to accept
the terms and conditions herein.

 

    	 	18Exhibit 10.9

 

Internet
Financial Platform Transfer Agreement 

 

Party A: Sichuan Cheng He Xin Investment
Financing Information Consultation Co., Ltd

Uniform Social Credit Code: 91510106584971854T

 

Party B: Sichuan Senmiao Ronglian Technology
Limited

Uniform Social Credit Code: 91510000309351968T

 

Whereas:

 

1. Party A, the transferor, a limited liability
company duly incorporated and validly existing according to Chinese laws, intends to transfer its assets, including the internet
financial platform, team, resources, management system, and business model due to adjustment of its overall business orientation.

 

2. Party B, the transferee, a limited liability
company duly incorporated and validly existing according to Chinese laws, as an internet technology company, has confidence in
the future development of the internet financial industry, and intends to enter the internet financial industry. In consideration
of the disadvantages in the cost and time of setting up an internet financial platform and team, it intends to acquire the assets
related to internet financial business operated by Party A for the purpose of rapidly entering the internet financial industry.

 

In accordance with the Contract Law
of the People’s Republic of China and other laws and regulations, Party A and Party B agree to transfer the internet
financial platform “ihongsen”, the team, resources, management system, and business model solely and legally owned
by Party A to Party B through friendly negotiation, and enter into the agreement as follows:

 

Article 1 Agreement Content

 

In order to ensure the normal operation
of Party A’s website, Party A agrees to transfer the ownership of the website and other relevant assets to Party B; the scope
of the transfer includes but not limited to the website as well as the intellectual property to the website and the data on the
website.

 

Party B agrees to acquire the ownership
of the internet financial platform and other relevant assets transferred by Party A based on multiple surveys.

 

Party A shall continue to provide assistance
in taking over the management on the platform for Party B after transfer of the platform for 3 months.

 

    	 	1	 

     

    

  

Article 2 Subject Assets

 

1. Website domain: hscfzx.cn/ihongsen.com/ihongsen.cn;

2. Website Registration Number: Shu ICP
Registration No. 13015483;

3. Website operating system, server login
account number and password;

4. Employees in departments with regard
to website operation;

5. Resources for website operation;

6. Management system established for website
operation;

7. Business model of website operation;

 

Article 3 Transfer Price

 

Party B shall pay Party A the amount for
acquisition of the website after acquisition of Party A’s website. Party A and Party B agree that Party B makes the payment
for transfer of the website in two installments to Party A.

 

The initial payment in an amount of RMB
sixty million yuan in words only (¥ 60,000,000.00) shall be paid by Party B to Party A within ten business days upon fully
transfer of the foregoing subject assets to Party B.

 

Party B shall retain an unrelated third
party institution to evaluate the relevant assets transferred by Party A and determine the final purchase price prior to the final
payment.

 

Party A and Party B execute a supplementary
agreement according to the final price; therefore, the amount of the initial payment which has been paid shall be refunded or additionally
paid accordingly.

 

Payment account designated by Party A:

 

Bank Name: Chengdu Oucheng Sub-branch,
Agricultural Bank of China

 

Account Name: Sichuan Cheng He Xin Investment
Financing Information Consultation Co., Ltd

 

Account No.: 22872901040003406

 

Article 4 Party A’s Rights and
Obligations

 

Party A shall ensure its independent and
legal ownership of the website and other related assets upon transfer;

 

Party A shall deliver all relevant documents
and registration materials related to the website; if the registration of change in the ownership of the website with competent
authorities is required, Party A shall actively cooperate with Party B on handling the formalities.

 

Party A has the right to collect the payment
for transfer of the website from Party B as agreed herein.

 

    	 	2	 

     

    

  

Article 5 Party B’s Rights and
Obligations

 

Party B shall change all of Party A’s
information on the website as well as the registration information of all related third parties within 30 business days upon signing
of this Agreement;

 

Party B may continue the operation of the
website under Party A’s name;

 

Party B has the right to charge the users
of the website, and shall provide relevant services for the users of the website on a timely basis;

 

Party B shall be fully responsible for
Party A’s labor costs and the expenses as agreed on a timely basis;

 

Party B shall be fully responsible for
the expenses of the server and space of all users of Party A, as well as the fees for renewal of the domain upon transfer.

 

Article 6 Miscellaneous 

 

Party A shall deliver the authority related
to the website to Party B within 5 days upon the effectiveness of this Agreement;

 

For the purpose of this Agreement, the
legal acquisition of the administration authority means both parties’ free-will transfer and the legal change (if required
for registration according to law, subject to the registration) of the ownership of the subject matter under this Agreement.

 

Subject to the change in the owner of the
website, all liabilities of the website incurred prior to the transfer shall have nothing to do with Party B, and shall be borne
by Party A.

 

Relevant services provided by Party A for
the users of the website will be provided by Party B thereafter; Party B will charge Party A’s users according to the original
terms and conditions.

 

Party A agrees to change the registration
information of the website to that concerning Party B upon signing of this Agreement.

 

Article 7 Exemption Conditions

 

Each party shall be exempt from any responsibility
for the service interruption due to telecommunication sectors’ maintenance;

 

Each party shall be exempt from any responsibility
for the service interruption due to force majeure, such as adjustment on national policies and regulations, natural disasters etc.

 

Article 8 Dispute Resolution

 

Any disputes arising from this Agreement
or in connection with the execution thereof shall be settled through negotiation under the principle of mutual benefits; should
no settlement be reached, the case shall be submitted to the People’s Court in Wuhou District, Chengdu for litigation application.

 

    	 	3	 

     

    

  

Article 9 Force Majeure

 

In case of any force majeure event, the
party claiming that force majeure has occurred must advise the other party in writing within 5 business days; in addition, neither
party shall be liable for each other.

 

Article 10 Supplementary Provisions

 

This Agreement shall come into effect upon
affixing the signature and seal of the both parties; it is executed in duplicate; each party holds one, having the same legal effect.

 

Party A: Sichuan Cheng He Xin Investment
Financing Information Consultation Co., Ltd. (Seal)

Representative (Signature):

 

Party B (Seal): Sichuan Senmiao Ronglian
Technology Limited (Seal)

Representative (Signature):

 

Date: Signed on September 25, 2016 in Chengdu,
Sichuan Province

 

    	 	4

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