Document:

English translation of the Exclusive Option Agreement

  
 Exhibit 10.5

 Execution copy 
 Exclusive Option Agreement 
 THIS EXCLUSIVE OPTION AGREEMENT (this “Agreement”)
is made on September 3, 2007, in Shanghai, the People’s Republic of China, by and among: 
  

			
	Party A:	  	 Shanghai Fuzhou Investment Consulting Co., Ltd.
 Legal address: 9th Floor, Jinsui Mansion, No. 379 South Pudong Road Pudong
 New Area, Shanghai
200120, China

 Party B: 
  

					
	Name	  	Address	  	 ID Number

			
	WANG Jingbo	  	 Room 101, No. 13, Lane 666,

Longdong Avenue, Pudong New
 District, Shanghai,
PRC
	  	510102197206082866
			
	YIN Zhe	  	 Room 301, No. 7, Lane 839,

Yunshan Road, Pudong New
 District, Shanghai,
PRC
	  	310106197411053210
			
	ZHANG Xinjun	  	 No. 22, Lane 242, Tiantong Road,

Hongkou District, Shanghai, PRC
	  	310109197412220825
			
	WEI Yan	  	 Room 501, No. 36, Lane 199,

Biyun Road, Pudong New District,
 Shanghai,
PRC
	  	512323197702050024
			
	HE Boquan	  	 Room 13-15, 32nd Floor, No. 183-187
 Daduhui Plaza, North Tianhe
 Road, Tianhe District,

Guangzhou City, Guangdong
 Province,
PRC
	  	442000601107545
			
	YAN Qianghua	  	 Room 505-506, No. 22, Lane 2185,

YAN Qianghua North Zhongshan
 Road, Putuo
District, Shanghai, PRC
	  	310107195601070844

 In this Agreement, Party A and Party B
are referred to collectively as the “Parties”, individually the “Party”; WANG Jingbo, YIN Zhe, ZHANG Xinjun, WEI Yan, HE Boquan and YAN Qianghua are referred to collectively as Party B, individually the “Existing
Shareholder”. 
 WHEREAS: 
  

	 	(1)	Party A is a wholly foreign owned enterprise legally incorporated and validly existing under the laws of the People’s Republic of China with full status as an
entity incorporated; 

  
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	 	(2)	Each of WANG Jingbo, YIN Zhe, ZHANG Xinjun, WEI Yan, HE Boquan and YAN Qianghua owns, respectively, 46%, 12%, 4%, 3%, 25% and 10% of the registered capital of Shanghai
Noah Investment Management Co., Ltd. (the “Company”); 

  

	 	(3)	Each of WANG Jingbo, YIN Zhe, ZHANG Xinjun, WEI Yan, HE Boquan and YAN Qianghua desires to grant an irrevocable and exclusive right to Party A and/or any entity or
individual designated by Party A, whereby Party A and/or such entity or individual designated by Party A may purchase, directly or indirectly, all or part of the shares of the Company owned by WANG Jingbo, YIN Zhe, ZHANG Xinjun, WEI Yan, HE Boquan
and YAN Qianghua; and 

  

	 	(4)	In connection with signing this Agreement, the Parties will also enter into a certain Share Pledge Agreement, according to which Party B agrees to pledge all of the
shares of the Company owned by it in favor of Party A. 

 NOW, THEREFORE, with consideration of the foregoing and mutual promises
and agreements of the Parties, the Parties agree as follows: 
  

	 	I.	Exclusive Right 

  

	 	1.	Grant of the exclusive right: Party B hereby grants to Party A or any third party deemed appropriate at the discretion of Party A (i.e., designated by Party A) an
irrevocable and exclusive right, i.e.: 

  

	 	a.	As long as the laws and regulations of the PRC permit, Party A or its designated third party is entitled to purchase all or part of the shares of the Company owned by
Party B at any time. 

  

	 	b.	Party A has the right, but is not obliged, to purchase or procure any third party to purchase all or part of the shares of the Company owned by Party B.

  

	 	c.	Party B may not transfer the shares of the Company owned by it to any other party unless upon waiver of the foregoing exclusive right by Party A, i.e., Party B shall
procure no entity other than Party A or the third party designated by it may purchase shares of the Company. 

  

	 	2.	Exercise of the exclusive right 

  

	 	a.	As long as the laws and regulations of the PRC permits, Party A has the absolute and sole discretion to decide the time, manner of frequency of its exercise of the
exclusive right. Party A may exercise its right to purchase shares of the Company at any time, provided it shall provide a written notice to Party B specifying the number of shares it intends to purchase (the “Exercise Notice”).

  

	 	b.	Party A may exercise its right to purchase shares of the Company by any of the following ways, including without limitation: 

 

	 	i.	At the minimum value then permitted under the laws of the PRC, or any higher value decided at the sole discretion of Party A (the “Transfer Price”);

  
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	 	ii.	Perfect the pledge provided under the Share Pledge Agreement; and 

  

	 	iii.	Purchase shares of the Company by any other means and considerations appropriate in the opinion of Party A. 

 

	 	c.	If the laws of the PRC permits Party A and/or any other entity or individual designated by it to hold all of the shares of the Company, Party A may elect to make
exercise of its exclusive right once and for all, whereby Party A and/or any other entity or individual designated by it will purchase all shares of the Company from its Existing Shareholders at one time. If the laws of the PRC permits party A
and/or any other entity or individual designated by it to hold only part of the shares of the Company, Party A may determine the number of shares it elects to purchase within the maximum shareholding percentage allowed under the laws of the PRC (the
“Maximum Shareholding Percentage”), whereby Party A and/or any other entity or individual designated by it will purchase such number of shares of the Company from its Existing Shareholders; under such circumstance, Party A may exercise its
exclusive right to purchase shares of the Company by installments to the extent in accordance with the liberalization of the shareholding percentage provided under the laws of the PRC, with the purpose to acquiring all shares of the Company.

  

	 	d.	Upon exercise of its purchase right by Party A, each of the Existing Shareholders shall transfer to Party A and/or any other entity or individual designated by Party A
the shares of the Company owned by it in proportion to its shareholding percentage in the Company and the number of shares to purchased by Party A in connection with such exercise. Party A and/or any other entity or individual designated by Party A
shall pay share transfer price to each of the Existing Shareholders for the number of shares of the Company purchased by it in connection with its exercise of purchase right. 

 

	 	e.	Each of the Existing Shareholders hereby undertakes and warrants, jointly and severally, that upon issue of Exercise Notice by Party A: 

 

	 	i.	It shall immediately convene shareholders’ meeting, pass resolutions thereat and take all actions necessary for approval of transfer of all the shares of the
Company owned by it to Party A and/or any other entity or individual designated by Party A at the share transfer price; 

  

	 	ii.	It shall immediately enter into a share transfer agreement with Party A and/or any other entity or individual designated by Party A, whereby it will transfer all the
shares of the Company owned by it to Party A and/or any other entity or individual designated by Party A at the share transfer price; 

  
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	 	iii.	It shall provide the support necessary for transfer of all the shares of the Company owned by it to Party A and/or any other entity or individual designated by Party A
without any encumbrance in accordance with requests of Party A and laws and regulations. 

  

	 	f.	Upon signing this Agreement, each of the Existing Shareholders shall severally sign a power of attorney (the “Power of Attorney”), appointing any person
designated by Party A to sign on its behalf any and all documents necessary for transfer of all the shares of the Company owned by it to Party A and/or any other entity or individual designated by Party A without any encumbrance. The Power of
Attorney shall be maintained by Party A and, if necessary, may be executed in any number of counterparts at the request of Party A at any time and submitted to competent government agencies. 

 

	 	II.	Representations and Warranties 

  

	 	1.	Upon signing this Agreement, Party A represents and warrants to Party B as follows: 

 

	 	a.	Party A is a wholly foreign owned enterprise incorporated under the laws of the PRC; 

 

	 	b.	Party A has received all permits and authorizations necessary and appropriate for it to execute, deliver and perform this Agreement, and the execution, delivery and
performance of this Agreement is consistent with the business scope, articles of association and other corporate documents of Party A; 

  

	 	c.	Execution, delivery and performance of this Agreement by Party A is in no violation with any laws, regulations, and government licenses, circulars or any other
documents then applicable to Party A, or any agreements with any other party to which Party A is a party; and 

  

	 	d.	This Agreement, once executed, shall have legal effect and be duly performed by Party A. 

 

	 	2.	Upon signing this Agreement, Party B warrants as follows: 

  

	 	a.	The Company is a company with limited liability duly incorporated and existing under the laws of the PRC; 

 

	 	b.	Party B has received all permits and authorizations necessary and appropriate for its execution, delivery and performance of this Agreement; 

 

	 	c.	Execution, delivery and performance of this Agreement by Party B is in no violation with any laws, regulations, and government licenses, circulars or any other
documents then applicable to Party B, or any agreements with any other party to which Party B is a party; 

  

	 	d.	This Agreement, once executed, shall have legal effect and be duly performed by Party B; 

  
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	 	e.	Except for the Share Pledge Agreement made between Party A and Party B in connection with this Agreement, Party B may not impose any mortgage, pledge or any other
security interests upon the shares of the Company owned by it, or enter into any sale or transfer agreement with any third party other than any of the affiliates of Party A; 

 

	 	f.	No disputes, claims, arbitrations, administrative proceedings or any other legal controversies pending against or potentially involving Party B or the shares of the
Company owned by Party B exists; 

  

	 	g.	The Company has received and completed all government approvals, permits, licenses, registrations and filings necessary for it to conduct business operations and own
its assets; and 

  

	 	h.	No disputes, claims, arbitrations, administrative proceedings or any other legal controversies pending against or potentially involving the Company exists.

  

	 	III.	Special Representations and Warranties by Party B 

  

	 	1.	Party B, as substantial shareholder of the Company, warrants that as of the expiration of the term of this Agreement, the Company will: 

 

	 	a.	Without prior written consent of Party A, not supplement or change its articles of association, or increase or reduce its registered capital, or change its shareholding
structure; 

  

	 	b.	maintain its business operations prudently and effectively according to sound financial and operational standards; 

 

	 	c.	Without prior written consent of Party A, not at time transfer, secure or otherwise dispose any legal interests of its assets or income, or subject the security
interest on any of its assets or income to any encumbrance; 

  

	 	d.	not incur, succeed, secure or permit the existence of any debts, other than those incurred during its ordinary course of business or agreed or confirmed by Party A in
advance; 

  

	 	e.	Without prior written consent of Party A, not enter into any material contract (i.e., any contract with a value over RMB800,000); 

 

	 	f.	Without prior written consent of Party A, not provide any loan or security to any third party; 

 

	 	g.	provide all of its business and financial information at the request of Party A; 

 

	 	h.	maintain insurance from an insurer acceptable to Party A, the amount and type of which insurance will be consistent with those maintained by other companies operating
comparable businesses and owning similar assets in the place where the Company is located; 

  
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	 	i.	Without prior written consent of Party A, not merger with, take over, invest in any third party; 

 

	 	j.	Notify Party A immediately of the actual or potential occurrence of any claims, arbitrations or administrative proceedings involving any of the assets, businesses or
income of the Company, and will not enter into settlement thereof without consent from Party A; 

  

	 	k.	Without prior written consent of Party A, not distribute dividends in any manner to its shareholders; at request of Party A, promptly distribute all distributable
dividends to all shareholders; 

  

	 	l.	Strictly comply with the exclusive purchase provisions provided hereunder, and none of its action or omission may affect the validity or enforceability of this
Agreement; and 

  

	 	m.	Without prior written request or consent of Party A, not appoint or replace any director of the Company which director is not nominated by Party B.

 The Parties agree that if the purchase of all or part of the shares of the Company owned by Party A or the
third party designated by Party A causes the consolidated shareholding of the Company by Party B less than 50% (excluding 50%), the representations and warranties provided under this Clause 3.1, the content of which is beyond the reasonable control
of Party B, will not be applicable to Party B. 
  

	 	2.	As of the expiration of the term of this Agreement, Party B undertakes and agrees: 

 

	 	a.	Unless provided under the Share Pledge Agreement, without prior written consent of Party A, not to transfer, secure or otherwise dispose any legal interests on the
shares of the Company owned by it, or subject the security interest on such shares to any encumbrance; 

  

	 	b.	Except Party A or any third party designated by Party A, to cause the directors appointed by it not to approve transfer, security or otherwise disposal of the legal
interests on the shares of the Company owned by it, or subject the security interest on such shares to any encumbrance; 

  

	 	c.	Without prior written consent of Party A, to ensure that the directors appointed by it will not approve the merger with, takeover of or investment in any third party by
Party B, and will not approve any resolution or take any action in violation of any covenants made by Party B to Party A under this Agreement; 

  

	 	d.	To notify Party A immediately of the actual or potential occurrence of any claims, arbitrations or administrative proceedings involving any of the shares of the Company
owned by it; 

  

	 	e.	Without prior written consent of Party A, that none of its actions or omissions will have material effect on the assets, businesses or obligations of the Company;

  
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	 	f.	That composition of the board of the Company shall be consistent with the composition of the board of Party A; 

 

	 	g.	As long as permitted under the laws of the PRC, at request of Party A, to transfer immediately and unconditionally all of the shares of the Company owned by it to Party
A or any third party designated by Party A, and cause the other shareholders of the Company, if any, to waive the right of first refusal in connection with such transfer; 

 

	 	h.	As long as permitted under the laws of the PRC, at request of Party A, to make efforts to cause the other shareholders of the Company, if any, to transfer immediately
and unconditionally all of the shares of the Company owned by it to Party A or any third party designated by Party A, and to waive the right of first refusal in connection with such transfer; 

 

	 	i.	To make its best efforts to take such actions and sign such documents that are deemed necessary to consummate this Agreement by Party A in good faith.

  

	 	j.	That Party B hereby expressly waive any rights to which it is entitled under the laws of the PRC which may affect the rights and interests of Party A under this
Agreement (including without limitation any subrogation or prior consent rights relating thereto); and 

  

	 	k.	To strictly comply with this Agreement and the Share Pledge Agreement, duly perform its obligations under this Agreement, and refrain from any action or omission which
may affect the validity or enforceability of this Agreement; to assist Party A in connection with re-registration of the shares of the Company contemplated to be transferred hereunder. 

 

	 	IV.	Taxes and Expenses 

 Party
A shall be liable for any expenses arising from or in connection with this Agreement pursuant to relevant laws of the PRC, including without limitation any transfer and registration expenses arising from the preparation, execution of this Agreement
and consummation of any transaction contemplated hereunder, and any transfer and registration expenses arising from the purchase of the Company by Party B and increase of the share capital of the Company. 

 

	 	V.	Notices 

 Unless otherwise
advised in writing, all notices relating to this Agreement shall be given to the following addresses and deemed duly given, if by registered mail, on the date shown on its return receipt; if by person, on the date when it is delivered; if by fax, on
the date shown on the confirmation of its receipt, provided that it shall be followed by delivery of the original notice by person or registered mail to the following addresses: 

 

			
	If to Party A:	 	Shanghai Fuzhou Investment Consulting Co., Ltd.
		 	 Legal address: 9th Floor, Jinsui Mansion, No. 379 South Pudong Road Pudong
 New Area, Shanghai 200120, China
 Attention:        WANG
Jingbo
 Fax:        021-68869611

  
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 If to Party B: 

 

					
	Name	  	Address	  	 Fax

			
	 WANG Jingbo
	  	 Room 101, No. 13, Lane 666, Longdong
 Avenue, Pudong New District, Shanghai,
 PRC, 201204
	  	021-68869611
			
	 YIN Zhe
	  	 Room 301, No. 7, Lane 839, Yunshan
 Road, Pudong New District, Shanghai,
 PRC, 200135
	  	021-68869611
			
	 ZHANG Xinjun
	  	 No. 22, Lane 242, Tiantong Road, Hongkou
 District, Shanghai, PRC, 200122
	  	021-68869611
			
	 WEI Yan
	  	 Room 501, No. 36, Lane 199, Biyun Road,
 Pudong New District, Shanghai, PRC,
 200135
	  	021-68869611
			
	 HE Boquan
	  	 Room 13-15, 32nd Floor, No. 183-187
 Daduhui Plaza, North Tianhe Road,
 Tianhe District, Guangzhou City,

Guangdong Province, PRC, 510075
	  	021-68869611
			
	 YAN Qianghua
	  	 Room 505-506, No. 22, Lane 2185, YAN
 Qianghua North Zhongshan Road, Putuo
 District, Shanghai, PRC, 200063
	  	021-68869611

  

	 	VI.	Liabilities for Breach 

  

	 	1.	The Parties agree and acknowledge that any material breach of any of the agreements or material failure to perform any of its obligations provided hereunder by any
Existing Shareholders shall constitute default of this Agreement (the “Default”; such Existing Shareholder, the “Defaulting Party”). Party A is entitled to request the Defaulting Party to rectify the Default or take remedial
measures within a reasonable period. If the Defaulting Party fails to rectify the Default or to take remedial measures within a reasonable period or within ten (10) days upon written notice from Party A setting forth the Default and requesting
rectification thereof, Party A is entitled to any of the following remedy at its own discretion: (1) terminate this Agreement and hold the Defaulting Party liable for all of its damages arising therefrom; (2) require enforcing the
obligations of the Defaulting Party under this Agreement and hold the Defaulting Party liable for all of its damages arising therefrom; or (3) sell by way of discount or auction, or dispose the pledged shares pursuant to the Share Pledge
Agreement, the proceeds from which will be preferentially paid to Party A, and hold the Defaulting Party liable for all losses arising therefrom. 

  

	 	2.	The Parties agree and acknowledge that none of the Existing Shareholders may terminate this Agreement for any reason under any event. 

 

	 	3.	Any and all rights and remedies provided under this Agreement are cumulative and not exclusive of any other rights or remedies available under laws.

  
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	 	4.	Notwithstanding any other provisions of this Agreement, this Clause VI will survive termination of this Agreement. 

 

	 	VII.	Governing Laws and Dispute Resolutions 

  

	 	1.	The effect, interpretation, performance and dispute resolution of this Agreement shall be governed by the laws of the People’s Republic of China.

  

	 	2.	Any dispute arising from performance of or in connection with this Agreement shall be resolved through negotiations of the Parties or, if such negotiations fail within
thirty days, may be submitted by any Party to China International Economic and Trade Arbitration Commission (“CIETAC”), Shanghai Sub-Commission, for arbitration by three arbitrators appointed according to the rules of CIETAC. The
arbitration award is conclusive and binding upon each Party. 

  

	 	3.	During the period of dispute resolution, each Party shall continue to perform this Agreement other than the provision under dispute. 

 

	 	VIII.  	Miscellaneous 

  

	 	1.	This Agreement shall be effective upon signature or affixture of seals by the Parties and have a term of ten years. Upon expiration of each ten-year term, this
Agreement may be automatically extended for another ten years without objection thereto from either Party. 

  

	 	2.	The rights and obligations of the Parties under this Agreement shall be succeeded by their respective successors, as if they are a party hereto.

  

	 	3.	Any change and supplement to this Agreement shall be separately agreed in writing by the Parties. 

 

	 	4.	Invalidity of any part of this Agreement will not affect the validity of the remainder of this Agreement. 

 

	 	5.	This Agreement is made in Chinese in three originals, and each Party shall hold one copy. Each original copy has the same legal effect. Each Party may produce any
number of counterparts of this Agreement as it deems necessary. 

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 IN WITNESS WHEREOF, the parties
hereto have caused their respective duly authorized representatives to execute this Agreement as of the date and year first above written. 

Party A 
 /s/ Shanghai Fuzhou Investment
Consulting Co., Ltd. 
 Party B 
  

	
	/s/ WANG Jingbo
	
	/s/ YIN Zhe
	
	/s/ ZHANG Xinjun
	
	/s/ WEI Yan
	
	/s/ HE Boquan
	
	/s/ YAN Qianghua

  
 10English translation of the Exclusive Support Service Contract

  
 Exhibit 10.6

 EXECUTION VERSION 
  

 
 Dated: September 3, 2007

  
  
 EXCLUSIVE SUPPORT SERVICES CONTRACT 
 Between 

SHANGHAI NOAH INVESTMENT MANAGEMENT CO., LTD. 
 And 
 SHANGHAI FUZHOU INVESTMENT CONSULTING CO., LTD. 

 
  

  
 CONTENTS 

 

							
	1.	  	DEFINITIONS	  	 	2	  
			
	2.	  	EXCLUSIVE SUPPORT SERVICES, BUSINESS OPERATION AND INTELLECTUAL PROPERTY RIGHT LICENSES	  	 	3	  
			
	3.	  	SERVICES FEE AND LICENSE FEE	  	 	5	  
			
	4.	  	RESPONSIBILITIES OF THE PARTIES	  	 	6	  
			
	5.	  	REPRESENTATIONS OR WARRANTIES	  	 	9	  
			
	6.	  	TERM AND TERMINATION OF THE CONTRACT	  	 	11	  
			
	7.	  	CONFIDENTIALITY	  	 	13	  
			
	8.	  	COMPLIANCE WITH LAWS, APPLICABLE LAWS AND DISPUTE SETTLEMENT	  	 	15	  
			
	9.	  	FORCE MAJEURE, RELATIONS, LIABILITIES AND INDEMNITIES	  	 	15	  
			
	10.	  	SURVIVAL	  	 	17	  
			
	11.	  	NOTICE	  	 	17	  
			
	12.	  	MISCELLANEOUS	  	 	18	  

  

			
	Schedule I	  	Support Services List
	Schedule II	  	Licensed Rights

  
 i 

  
 THIS EXCLUSIVE SUPPORT SERVICES
CONTRACT (the “Contract”), dated September 3, 2007 is made in Shanghai, the People’s Republic of China (the “PRC”) 
 BETWEEN: 
  

	(1)	SHANGHAI NOAH INVESTMENT MANAGEMENT CO., LTD., a company with limited liability incorporated and existing under the laws of the PRC, whose registered address is at Room
208-8, No. 4056 South Avenue, Langxia Town, Jinshan District, Shanghai (the “Operating Company”); and 

  

	(2)	SHANGHAI FUZHOU INVESTMENT CONSULTING CO., LTD., a wholly foreign owned enterprise incorporated and existing under the laws of the PRC, whose registered address is at
FG, Floor 9, Jinsui Mansion, No.379 South Pudong Road, Pudong New District, Shanghai (the “WFOE”). 

 Recitals 
 WHEREAS: 

 

	(A)	The Operating Company has obtained or will obtain (if it has not obtained) applicable governmental approval for providing financial product commission sale services in
the PRC (as defined below); 

  

	(B)	The Operating Company desires to enter into an exclusive support services contract, whereby the WFOE will provide it with all kinds of support services in respect of
technology and operation and grants intellectual property rights licenses (as defined below); 

  

	(C)	Subject to the terms and conditions of the Contract, the WFOE agrees to exclusively provide the Operating Company with all kinds of support services in respect of
technology and operation and grants intellectual property right licenses (as defined below); and 

  

	(D)	At the same time of executing the Contract, the shareholders of the Operating Company agree to pledge all of the shares in the Operating Company owned by them to the
WFOE and enter into a share pledge agreement to provide security for its performance of the Contract. The shareholders of Operating Company also desire to enter into an exclusive option agreement with the WFOE, granting the WFOE an exclusive share
option so that the WFOE may purchase shares of the Operation Company exclusively. 

  
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 NOW, THEREFORE, in consideration of
the foregoing and the mutual covenants and agreements herein, the Parties agree as follows: 
  

	1.	DEFINITIONS 

  

	1.1	Terms used herein and not otherwise defined shall have the same meanings as ascribed to such terms in the Contract: 

 

	 	(a)	“Affiliate” means, with respect to a person, any other person that, directly or indirectly, controls or exercises control, is controlled by or
exercised control over or is otherwise owned or under common control with such person; 

  

	 	(b)	“Business Plans” means the annual business plans and budget of the Operating Company made under the instruction of the WFOE, including plans of
financial budget, capital investment, disposal and loan in connection with the provision of financial products commission sale services and forecast of income and expenditures; 

 

	 	(c)	“Confidential Information” means all technologies, know-how, processes, software, proprietary data, trade secrets, practices, methods, specifications,
designs and other proprietary information disclosed by the WFOE to the Operating Company under the terms of the Contract and other documents, and the terms of the Contract and other confidential information in connection with confidential business
and technology; 

  

	 	(d)	“Contract” means this support services contract with its schedules, as amended, supplemented or otherwise modified from time to time;

  

	 	(e)	“Control” means the power to appoint or designate the management of an entity. The terms “Control” and “Controlled” shall have
correlative meanings; 

  

	 	(f)	“Party” means the WFOE or the Operating Company, and “Parties” mean both of them; 

 

	 	(g)	“Person” means any individual, corporation, joint venture, enterprise, partnership, trust ,unincorporated organization, limited liability company,
government or any of its departments or agencies or any other entity; 

  

	 	(h)	“Revenue” means (i) the fees received by the Operating Company from its cooperation partners or those of any of its Affiliates in connection with
the business of providing financial product commission sale services; and (ii) all of any other fees received by the Operating Company and all of any other fees generated from using assets and providing financial product commission sale
services by the Operating Company or generated from any business activities in connection with using assets and providing financial product commission sale services by the Operating Company. 

 

	 	(i)	“Services Fee” has the meaning assigned to it in Clause 3.1(a) hereunder; 

  
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	 	(j)	“Support Services” mean the customer support, technical support, operation support and any other services in connection with providing Financial
Product Commission Sale Services by the WFOE to the Operating Company under the Contract, as set forth in Schedule I; 

  

	 	(k)	“License Fee” has the meaning assigned to it in Clause 3.1(b) hereunder; 

 

	 	(l)	“Intellectual Property Rights Licenses” means the licenses for trademarks, websites, domain names, software, and any other intellectual property rights
set forth in Schedule II, which are granted by the WFOE to the Operating Company to use under the Contract. 

  

	 	(m)	“Subcontractor” means any individual, corporation, enterprise, independent contractor or supplier contracted by the WFOE to provide any services
required in the Contract and its schedules. 

  

	 	(n)	“Financial Product Commission Sale Services” mean all approved services relating financial product commission sale services provided currently or to be
provided by the Operating Company, including but not limited to commission sale , sale, promotion and recommendation of fund for purchase, collective funds trust program and other financial products, insurance and insurance agency services, and
investment and finance consulting services; 

  

	 	(o)	“Fees” mean the fees incurred by the Operating Company from providing financial product commission sale services, including but not limited to salaries
of employees, office overheads and rents, provided that the fees shall be incurred directly out of providing financial product commission sale services. 

  

	2.	EXCLUSIVE SUPPORT SERVICES, BUSINESS OPERATION AND INTELLECTUAL PROPERTY RIGHT LICENSES 

 

	2.1	Exclusive Provision of Support Services 

 In order to facilitate the Operating Company to provide the Financial Product Commission Sale Services, the Operating Company agrees to engage the WFOE to act as its exclusive technology and operation
advisor to provide exclusively support services set forth in Schedule I hereof, and the Operating Company agrees to accept all support services provided by the WFOE. The Parties agree to modify and update Schedule I hereof in writing from time to
time to illustrate all fields, scopes and terms of the support services provided by the WFOE. The WFOE shall be the sole provider of the support services provided to the Operating Company either through contractual arrangement or other cooperation.
Without prior written consent of the WFOE, the Operating Company may not engage any third party to provide services which are the same as or similar to those provided by the WFOE under the Contract. 

  
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	2.2	Joint Business Expansion 

In order to improve the promotion of the Financial Product Commission Sale Services and upon joint decision made by the Parties, the WFOE
and the Operating Company shall jointly enter into an agreement with a third party, whereby the Operating Company will provide the Financial Product Commission Sale Services and the WFOE will provide technology, consulting and other related
services, and all revenue so generated shall be distributed according to its nature between the WFOE and the Operating Company subject to a joint decision made by the Parties. 

 

	2.3	Revenue Collection on Behalf 

 Where the Parties make a joint decision, the WFOE shall collect all or part of the revenue as the agent of the Operating Company and the Operating Company shall issue invoice (the “Invoice”) for
the Financial Product Commission Sale Services so provided, and send the Invoice to the WFOE. Subject to the above joint decision by the Parties, the WFOE shall collect revenue on behalf of the Operating Company and the Operating Company shall issue
the Invoice according to actual revenue collected by the WFOE on its behalf. 
  

	2.4	Engagement of Affiliates or Subcontractors 

 Although the WFOE agrees to assume primary responsibility of providing services, it should be allowed to engage and pay any of it’s Affiliates or Subcontractors for any services contemplated by the
Contract. The services performed or provided by such Affiliates or Subcontractors contracted by the WFOE shall be deemed as those provided by the WFOE under the Contract. 

 

	2.5	Changes to the PRC Laws 

As of the date of the Contract, if any governmental agency, central or local, of the PRC makes any modification to the provisions of any
laws, regulations, statutes or rules, including modification, supplementation or cancellation to existing laws, regulations, statutes or rules, applies different interpretations to existing laws, regulations, statutes or rules or different
implementation measures thereof (each, the “Modification”), or enacts new laws, regulations, statutes or rules (each, the “New Rule”), the following shall apply: 

 

	 	(a)	If the Modification or the New Rule is more favorable to a Party than applicable laws, regulations, statutes or rules valid as of the date hereof (and the other Party
is not materially adversely affected thereof), the Parties shall apply to applicable authorities (where necessary) to be entitled to the interests of such Modification or New Rule. The Parties shall make their best efforts to obtain approval for
such applications. 

  
 4 

  

	 	(b)	If the economical interests of the WFOE under the Contract are materially adversely affected due to the Modification or the New Rule, directly or indirectly, the
Contract shall be performed according to its original terms. If such adverse effect incurred by the WFOE on its economical interests fails to be resolved, upon notice to the Operating Company by the WFOE, the Parties shall make all necessary
modifications through timely negotiation to protect the WFOE’s economical interests under the Contract. 

  

	2.6	Intellectual Property Rights Licenses 

  

	2.2	Upon obtaining the ownership of the Intellectual Property Rights set forth in Schedule II hereof, the WFOE agrees to grant the Operating Company the licenses to use the
Intellectual Property Rights set forth in Schedule II hereof, and the Operating Company agrees to accept such licenses. 

  

	3.	SERVICES FEE AND LICENSE FEE 

  

	3.1	Services Fee and License Fee 

  

	 	(a)	In consideration of the services provided by the WFOE, the Operating Company shall pay the WFOE a services fee (the “Services Fee”) on a quarterly
basis during the term of the Contract. The amount of the Services Fee shall be verified and determined according to actual services, provided that the total Services Fee shall be equal to the revenue less expenses and the License Fee. If the WFOE
collects revenue on behalf of the Operating Company according to Clause 2.3, it shall deduct the Services Fee from the revenue it collects on behalf of the Operating Company and pay the remaining amount to the Operating Company on a quarterly basis.

  

	 	(b)	In consideration of the Intellectual Property Rights Licences granted by the WFOE, the Operating Company shall pay the WFOE a license fee (the “License
Fee”) on a yearly basis during the term of the Contract. The amount of the License Fee shall be determined by the board of the WFOE. 

  

	3.2	Payment 

  

	(a)	Unless the WFOE deducts the amount of the total Services Fee from the revenue, the Operating Company shall pay the WFOE the Services Fee within forty (40) days
after the end of applicable quarter, and the Services Fee shall be transferred to the WFOE’s account by wire transfer. The Parties agree that the WFOE may modify the above payment instruction from time to time, provided that the WFOE shall
notify the Operating Company in writing upon each modification. 

  
 5 

  

	(b)	In the event that the WFOE collects revenue, it shall pay the remaining of the revenue to the Operating Company after deducting the Services Fee within forty
(40) days after the end of applicable quarter according to Clause 3.1, and the Services Fee shall be transferred to the WFOE’s account by wire transfer. The Parties agree that the WFOE may modify the above payment instruction from time to
time, provided that the WFOE shall notify the Operating Company in writing upon each modification. 

  

	3.3	Financial Statements 

 The
Operating Company shall establish accounting system and prepare financial statements (the “PRC Financial Statements”) according to applicable PRC laws, regulations, accounting systems and accounting standards. The WFOE and the
Operating Company may otherwise prepare financial statements according to the International Accounting Standards or US GAAP where they deem necessary. The Operating Company shall deliver its PRC Financial Statements and other reports to the
WFOE within twenty-one (21) days after the end of each calendar month so that the WFOE may verify the amount of revenue it collects on behalf and pay the WFOE the Services Fee according to Clause 3.1. The WFOE is entitled to have all of the
Financial Statements and other relevant information of the Operating Company audited during any working time, provided it shall make a prior notice to the Operating Company within a reasonable time. 

 

	4.	RESPONSIBILITIES OF THE PARTIES 

  

	4.1	Responsibilities of the Operating Company 

 In addition to the responsibilities provided elsewhere in the Contract, the Operating Company shall: 
  

	 	(a)	not accept any support services from any third party which are the same as or similar to those provided by the WFOE without prior written consent from the WFOE;

  

	 	(b)	accept all of the support services provided by the WFOE and all of related reasonable opinions; 

 

	 	(c)	prepare business plans with the assistance of the WFOE; 

  
 6 

  

	 	(d)	plan, design, develop, create and provide the Financial Product Commission Sale Services with the assistance of the WFOE; 

 

	 	(e)	provide the WFOE with any technology or other information which the WFOE considers necessary or valuable for providing services under the Contract, and permit the WFOE
to access related facilities which the WFOE considers necessary or valuable for providing services under the Contract; 

  

	 	(f)	set up and maintain an account unit for the Financial Product Commission Sale Services; 

 

	 	(g)	issue the Invoice to the WFOE for the services it provides in connection with the Financial Product Commission Sale Services within five (5) days at the end of
each calendar month on a monthly basis in the event that the WFOE collects revenue on behalf of the Operating Company according to Clause 2.3; 

  

	 	(h)	operate and provide the Financial Product Commission Sale Services and its other businesses in strict compliance with the business plans and joint decisions made by the
WFOE and the Operating Company; 

  

	 	(i)	obtain prior written consent from the WFOE before entering into any material contact which the Operating Company intends to enter into with any third party; material
contract means any corporation, share transfer and finance agreements entered into with any third party or any other contract, agreement, covenant or undertaking, written or verbal, which may affect the WFOE’s interest hereunder or may cause
the WFOE to make any change to the Contract or any decision to terminate the Contract; 

  

	 	(j)	provide the Financial Product Commission Sale Services in an effective, prudential and legitimate manner for the purpose of obtaining more revenue;

  

	 	(k)	assist the WFOE and provide it with adequate cooperation in all affairs necessary for the WFOE to duly perform its responsibilities and obligations hereunder;

  

	 	(l)	report to the WFOE all communications with applicable business and industry administration agencies and provide the WFOE in a timely manner with the copies of all
documents, permits, consents and authorizations obtained from applicable business and industry administration agencies; 

  
 7 

  

	 	(m)	assist the WFOE in developing, establishing and maintaining relations with other applicable departments, agencies of Chinese government, central, provincial and local,
and other entities for the purpose of providing services, and assist the WFOE in obtaining all permits, licenses, consents and authorizations necessary for carrying out the above services; 

 

	 	(n)	assist the WFOE in effecting duty-free import procedures for all assets, materials and goods necessary for the WFOE to provide services; 

 

	 	(o)	assist the WFOE in purchasing equipment, materials, goods, labour or other services according to the requirements of the WFOE in the PRC at a competitive price;

  

	 	(p)	operate and effect all procedures necessary for operation subject to all applicable PRC laws and regulations; 

 

	 	(q)	provide the WFOE with copies of all applicable PRC laws, regulations, statutes and rules and other related information required by the WFOE; 

 

	 	(r)	maintain the accuracy and validity of each representation and warranty during the term of the Contract made by the Operating Company according to Clause 5;

  

	 	(s)	maintain and timely update all rights, licenses and authorizations necessary for the Operating Company to provide the Financial Product Commission Sale Services set out
in the Contract to retain the validity thereof and full legal effect; and 

  

	 	(t)	strictly perform its obligations under the Contract or any other related contracts to them it is a Party. 

 

	4.2	Responsibilities of the WFOE 

 In addition to the responsibilities provided elsewhere in the Contract, the WFOE shall: 
  

	 	(a)	provide support services to the Operating Company in an effective manner and response promptly and carefully to request of the Operating Company for providing
suggestion and assistance; 

  
 8 

  

	 	(b)	assist the Operating Company in preparing business plans of the Operating Company in connection with the Financial Product Commission Sale Services;

  

	 	(c)	assist the Operating Company in planning, designing, developing and providing the Financial Product Commission Sale Services; 

 

	 	(d)	provide the Operating Company with qualified personnel for providing the Financial Product Commission Sale Services; 

 

	 	(e)	collect revenue in connection with Financial Product Commission Sale Services according to Clause 2.3; and 

 

	 	(f)	strictly perform its obligations under the Contract or any other related contracts to which it is a Party. 

 

	5.	REPRESENTATIONS AND WARRANTIES 

  

	5.1	Representations and Warranties of the Operating Company 

  

	5.2	The Operating Company makes representations and warranties to the WFOE and agrees with the WFOE as follows: 

 

	 	(a)	The Operating Company is a company with limited liability duly incorporated and existing under the laws of the PRC; 

 

	 	(b)	The Operating Company has full corporate power to execute and deliver the Contract and fully perform its obligations hereunder. The Contact, upon execution, shall
constitute legitimate, duly and binding obligations of the Operating Company and is enforceable against the Operating Company; 

  

	 	(c)	the Operating Company owns any and all governmental permits, licenses, authorizations, approvals and facilities necessary to provide currently permitted Financial
Product Commission Sale Services according to existing PRC laws, except for the content disclosed in the disclosure letter, and the Operating Company shall warrant all of the above governmental permits, licenses, authorizations and approvals remain
effective, legitimate and valid during the term of the Contract. The Operating Company does not need to obtain other governmental permits, licenses and authorizations for the Financial Product Commission Sale Services currently operated and
provided; in the event that any and all governmental permits, licenses, authorizations and approvals necessary for the Operating Company to provide the Financial Product Commission Sale Services during the term of the Contract are required to be
changed or supplemented resulting from changes to applicable rules, the Operating Company shall make changes and/or supplementation as soon as practical; 

  
 9 

  

	 	(d)	The Operating Company complied, is complying and will continue complying with all applicable PRC laws and regulations and is not aware of any non-compliance with all
applicable PRC laws and regulations nor aware of any situation which forbids the Operating Company to perform its obligations hereunder; 

  

	 	(e)	Neither the execution of the Contract or the performance of its obligations hereunder contradicts, violates or is against (i) the business license or any
provisions of the Articles of Association of the Operating Company; (ii) any laws, implementation rules, ordinances, authorizations or approvals of any governmental agency or department applicable to the Operating Company; or (iii) any
provisions of contact and agreement to which the Operating Company or any of its Affiliates is a Party or a subject; 

  

	 	(f)	There exists no pending litigation, arbitration or legal, administrative or other proceedings or governmental investigation against the Operating Company or threatened
litigation, arbitration or legal, administrative or other proceedings or governmental investigation against the Operating Company or any of its affiliates to the knowledge of the Operating Company, which is in connection with the grant of business
license and permit of the Operating Company, the subject matter hereof, or may affect in any manner the capability of the WFOE or the Operating Company to execute or perform the Contract, or the capability of the Operating Company to provide the
Financial Product Commission Sale Services during the term of the Contract; 

  

	 	(g)	All of governmental documents, representations and information in connection with the transaction refereed to in the Contract owned by the Operating Company or any of
its Affiliates have been disclosed to the WFOE and non of the documents provided previously by the Operating Company or any of its Affiliates to the WFOE contains any untrue representations of material facts , or omits representation of any material
fact necessary for the representations hereunder not to be misleading; and 

  

	 	(h)	All of the representations and warranties of the Operating Company hereunder are subject to the provisions of the PRC laws, regulations and rules. The Operating Company
shall not be held liable if any inconsistency between the representations and warranties of the Operating Company and the PRC laws, regulations and rules nullifies any representations and warranties. 

 

	5.3	Representations and Warranties of the WFOE 

 The WFOE makes representations and warranties to the Operating Company and agrees with the Operating Company as follows: 
  

	 	(a)	The WFOE is a wholly foreign owned enterprise duly incorporated and existing under the laws of the PRC; 

  
 10 

  

	 	(b)	The WFOE has full corporate power to execute and deliver the Contract and fully perform its obligations hereunder. The Contract, upon execution, shall constitute
legitimate, duly and binding obligations of the WFOE and may be enforced against the WFOE; 

  

	 	(c)	Neither the execution of the Contract or the performance of its obligations hereunder contradicts, violates or is against (i) the business license or any
provisions of the Articles of Association of the WFOE; (ii) any laws, implementation rules, ordinances, authorizations or approvals of any governmental agency or department applicable to the WFOE; or (iii) any provisions of contact and
agreement to which the WFOE is a Party or a subject; 

  

	 	(d)	There exists no pending litigation, arbitration or legal, administrative or other proceedings or governmental investigation against the WFOE or threatened litigation,
arbitration or legal, administrative or other proceedings or governmental investigation against the WFOE or any of its affiliates to the knowledge of the WFOE, which is in connection with the grant of business license and permit of the WFOE, the
subject matter hereof, or may affect in any manner the capability of the WFOE or the WFOE to execute or perform the Contract, or the capability of the WFOE to provide the Financial Product Commission Sale Services during the term of the Contract;
and 

  

	 	(e)	All of governmental documents, representations and information in connection with the transaction refereed to in the Contract owned by the WFOE or any of its affiliates
have been disclosed to the WFOE and non of the documents provided previously by the WFOE or any of its affiliates to the WFOE contains any untrue representations of material facts, or omits representation of any material fact necessary for the
representations hereunder not to be misleading. 

  

	6.	TERM AND TERMINATION OF THE CONTRACT 

  

	6.1	Term  

 the Contract shall
be effective for a term of ten (10) years as of the date (the “Validity Date”) on which the legal representatives or authorized representatives of the Parties execute the Contract with seal. It will be extended automatically
for another (10) years upon expiration of each term of ten (10) years if not objected by a Party. 
  

	6.2	Termination 

  

	6.2.1	The Contract may be terminated subject to Clause 6.3 if any of the following situations or events occurs and such situation or event continues to exist:

  

	 	(a)	One Party goes into bankruptcy, becomes the subject of liquidation or dissolution process, or ceases operation or is unable to pay its due debt; or

  
 11 

  

	 	(b)	The performance of the Contact is made commercially impractical in all material aspects due to any orders, actions, regulations, interruption or interference of any
government or its agencies. 

  

	6.2.2	Except for the situations provided under Clause 6.2.1, the Parties shall first negotiate relevant remedial measures if any of the following situations or events occurs:

  

	 	(a)	The Operating Company does not perform its obligations hereunder due to any force majeure event (as defined in Clause 10 below) for a period of six or more consecutive
months; 

  

	 	(b)	All or the substantial part of assets or properties necessary for the Operating Company to perform the Contract is subject to attachment, embargo, expropriation or
substantial governmental restriction which is non-existent on the date the Contract is executed; 

  

	 	(c)	The Operating Company does not perform any of its material obligations hereunder without acceptable reasons and fails to ratify its defaulting act within thirty
(30) days after its receipt of a written notice which specifically represents its defaulting act; or 

  

	 	(d)	Any untrue or false representation has been found out of the representations and warrants made by the Operating Company subject to Clause 5.1 hereof, or the Operating
Company is in breach of any of its undertakings, covenants or agreements hereunder where it fails to provide reasonable explanations. 

 Where the Parties fail to reach an agreement within thirty (30) days after such matter occurs, or the Operating Company performs no relevant remedial measures within ten (10) days after such
measures have been determined, the WFOE shall have the right to terminate the Contract unilaterally. 
  

	6.3	Right to Terminate  

 The
Contract may be terminated with at least five-day prior written notice by a Party which goes into bankruptcy in situation (a) , or the WFOE in situation (b) to the other Party where any of the situations or events set out in Clause 6.2.1
occurs and such situation or event continues to exist 
  

	6.4	Result of Termination  

Termination due to any reason or expiration of the Contract does not exempt any Party’s obligation for all payments due hereunder
prior the termination or expiration date hereof (including but not limited to any Services Fee, License 

  
 12 

 
Fee or reimbursable expenses set out herein), nor exempt any Party’s obligation to reimburse or warrant, nor exempt any Party’s liability of breach prior to the termination hereof.
Furthermore, the Operating Company shall pay the WFOE for all expenses, directly or indirectly out of any reasonable and necessary activities by the WFOE to terminate services being carried out in an orderly manner and to dismiss and rearrange human
and capital resources for such services. 
  

	7.	CONFIDENTIALITY 

  

	7.1	Confidentiality  

 The
Operating Company and its employees shall use all confidential information only for the interests of the Operating Company and the objectives stated herein. The Operating Company shall keep all confidential information which may be disclosed or
provided by the WFOE in confidence, and shall not disclose or reveal any such confidential information to any third party without expressly written authorization from the WFOE, unless otherwise provided herein. The Operating Company shall not use
any confidential information in any manner which may lead to breach of its obligations under Clause 7. 
  

	7.2	Confidential Measures  

The Parties shall take all necessary measures and preventive methods to keep the confidential information in confidence. Such confidential
measures and preventive methods shall be similar to those measures and preventive methods taken by the Parties respectively for their own sensitive information and shall at least meet the criteria a reasonable entity shall adopt to protect its own
highly-confidential information and business secrets in any situation. 
  

	7.3	Permitted Disclosure  

With respect to the confidential information restricted by Clause 7 received by a Party, such Party may disclose it only to designated
employees, officers, directors and Subcontractors who need to know in carrying out their work in order for the WFOE or Subcontractors to perform the Contract. In such situation, the Party receiving the confidential information shall take all
necessary preventive measures (including signing confidentiality contract or add confidentiality clause into labor contract with each of the above employees) to prevent such employees to use the confidential information for their own interest and
disclose the confidential information to any third Party without authorization. 

  
 13 

  

	7.4	Disclosures to Governmental Agencies  

 Notwithstanding the foregoing, to the extent that it is necessary for a Party to obtain any governmental approval to operate its business, the Parties may disclose the confidential information to
government officers, and may disclose the confidential information to their external or in-house counsels, accountants or consultants who need to know the confidential information for the purpose of providing professional services, provided that so
disclosed written confidential information shall be marked “Confidential”, and shall require such government officers and external persons to undertake to comply the confidentiality clause hereof. The Parties may disclose the confidential
information as required by applicable laws, rules of stock exchanges, regulations or legal proceedings or judicial orders. The disclosing Party shall notify the other Party of such disclosure in line with actual situations and following any
practical confidential arrangement prior to making any disclosure thereunder. 
  

	7.5	Exclusions  

 Nothing in
Clause 7 will prohibit a Party from using or disclosing any confidential information if (i) it has been known by the Party while disclosing to it; (ii) it is legally obtained by the Party from third party without breach of its obligations
under confidentiality agreement; (iii) it becomes publicly available not due to the Party’s fault; or (iv) it is independently developed by the Party without using the confidential information, directly or indirectly. 

 

	7.6	Remedy  

 The Parties
agree that, if this Clause 7 is violated, a Party will suffer irremediable damages due to the confidential information disclosed from such violation (the “Non-informant Party”), and any monetary damages the Non-informant Party may obtain
shall not be enough to indemnify its losses so incurred. Therefore, The Parties agree that the Non-informant Party shall be entitled to other rights and remedies available according to laws or under the Contract. 

 

	7.7	Survival  

 This Clause 7
shall survive for a period of one year after termination or expiration of the Contract. Upon such expiration or termination, the receiving Party shall return all the confidential information to the disclosing Party, and shall destroy all the
confidential information if it can not return it and shall stop using the confidential information for any purpose. 

  
 14 

  

	8.	COMPLIANCE WITH LAWS, APPLICABLE LAWS AND DISPUTE SETTLEMENT 

  

	8.1	Applicable Laws 

 The Laws
of the People’s Republic of China shall apply to matters of the Contract including its effect, interpretation, performance and dispute settlement. 
  

	8.2	Dispute Settlement 

 Any
dispute arising out of performing this Contract or in connection with it shall be resolved through negotiation. Any Party may submit the dispute to the China International Economic and Trade Arbitration Commission, Shanghai Sub-commission, for
arbitration in Shanghai if it cannot be resolved through negotiation within thirty (30) days. The arbitration award shall be final and binding on the Parties. The Parties shall continue performing other terms hereof during the period of dispute
settlement except for matters in dispute. 
  

	9.	FORCE MAJEURE, RELATIONS, LIABILITIES AND INDEMNITIES 

  

	9.1	Force Majeure 

  

	9.1.1	Force Majeure Event. If non-performance of its obligations hereunder in whole or in part by a Party (the “Affected Party”) is directly caused by an
unforeseeable event, the occurrence and consequence of which cannot be prevented or avoided, including earthquakes, typhoons, floods, fires, other serious natural disaster, wars, riots and similar military actions, civil commotions, strikes,
work-to-rule actions, governmental embargoes, expropriation, injunctions, or other restrictions and actions, or by any reason which prevents the performance of the Contract (the “Force Majeure Event”), it shall not be deemed to be in
breach of the Contract where it satisfies all conditions as follows: 

  

	 	(a)	the work stoppage, obstacle or delay confronting the Affected Party in performing its obligations hereunder is directly caused by the Force Majeure Event;

  

	 	(b)	the Affected Party has made its best efforts to perform its obligations hereunder and reduce losses incurred by the other Party caused by the Force Majeure Event; and

  

	 	(c)	the Affected Party promptly notifies the other Party of the Force Majeure Event upon its occurrence, and provides written information (including a representation letter
stating delayed or partial performance) regarding such Force Majeure Event within fifteen (15) days after its occurrence 

  

	9.1.2	the Parties shall decide on the modification of the Contract and on exemption of the Affected Party’s obligations hereunder in whole or in part based on the effect
of the Force Majeure Event on the Contract where it occurs. 

  
 15 

  

	9.1.3	Independent Contractor Relations 

 A Party remains to be an independent contractor with respect to the other Party and shall comply with all applicable laws, implementation rules and regulations, including but not limited to all laws,
implementation rules and regulations in connection with labor employment, working hour, health and safety, working condition and salary payment. The Parties shall also be responsible for tax payment, including taxes collected from their employees or
estimated national, provincial and local taxes. Unless otherwise provided in the Contract, a Party has no power or right to restrict the credit of the other Party, or cause the other Party to make undertaking or pledge its credit without prior
written consent from the other Party. Where a Party’s failure to comply with this provision causes the other Party to be incurred by any loss, damage, claim, request or punishment, the Party shall fully indemnify the other Party. 

 

	9.2	Liabilities and Indemnities 

  

	 	(a)	The Parties expressly understand that the WFOE makes no warrants to the Operating Company in connection with the performance of services or any assets or the
suitability of any assets for certain purpose. The WFOE expressly waives all warranties, including but not limited to implied warranties on marketability or suitability for certain purpose. 

 

	 	(b)	The Operating Company agrees to indemnify the WFOE for any and all liabilities, obligations, losses, damages, fines, sentences, litigations and legal fees, costs or
expenses incurred by or charged against the WFOE arising out of or in connection with (i) any untrue or false representations and warrants made by the Operating Company in Clause 5.1, or (ii) any breach of any undertakings, covenants or
agreements hereunder. 

  

	 	(c)	Without prejudice to the above Clause 9.2 (a) and 9.2 (b), a Party shall be liable to any losses, costs, claims, injuries, liabilities or expenses incurred by the
other Party in connection with or arising out of any negligence or slackness while the Parties are performing their obligations hereunder, which shall be limited to direct damages or amount of loss actually incurred excluding profit loss or indirect
loss. 

  
 16 

  

	10.	SURVIVAL 

  

	10.1	Any payment obligation hereunder or accrual or due prior to expiration or termination of the Contract shall survive expiration or termination of the Contract.

  

	10.2	Clauses 6.4, 7, 8, 9.1, 9.2 and 10 shall survive termination of the Contract. 

 

	11.	NOTICE 

 As required by the Contract, notice or
other communication addressed by any Party shall be written in Chinese and shall be sent via personal delivery, internationally recognized overnight courier or fascine at the address listed below or other address as designated in the notice by the
other Party from time to time. The date on which the notice is deemed to be duly served shall be determined as follows: 
  

	 	(a)	for notice via personal delivery, the delivery date; 

  

	 	(b)	for notice via internationally recognized overnight courier, the third day after the date of delivery to applicable overnight courier; 

 

	 	(c)	for notice via fascine, the first day of the normal business days of banks in the PRC after the date displayed on the transmission confirmation letter for relevant
document; 

 If to the Operating Company: 
 Shanghai Noah Investment Management Co., Ltd 
 Floor 9, Jinsui Mansion, No.379
South Pudong Road, Pudong New District, Shanghai 
 Post Code: 200120 

Attention: Wang Jingbo 
 Fax No.: 021-68869611 
 If to the WFOE: 

Shanghai Fuzhou Investment Consulting Co., Ltd 
 Floor 9, Jinsui Mansion, No.379 South Pudong Road, Pudong New District, Shanghai 

Post Code: 200120 

Attention: Wang Jingbo 
 Fax No.: 021-68869611 

  
 17 

  

	12.	MISCELLANEOUS 

  

	12.1	Severability 

 If any term
or other provision of this Contract is held invalid, illegal or unenforceable under any applicable laws or governmental policies, all of the other terms and provision hereof remain valid, provided that the economically and legally substantial
content of the transaction contemplated in this Contract is not affected so that it becomes severely adverse to any Party. The Parties shall make modifications to the Contract through honest negotiations and try their best to realize their original
objectives in an acceptable way so as to bring the transaction contemplated in this Contract to an end following original contemplation after determination on the invalidity, illegality or unenforceability of any terms or other provisions.

  

	12.2	Expenses 

 Notwithstanding
anything to the contrary in this Contract, each Party shall pay its own expenses and advances in connection with the Contract. Where a Party is in breach of the Contract deliberately or intentionally, the defaulting Party shall pay the
non-defaulting Party all expenses and advances in connection with the Contract. Each Party shall pay and be liable to any taxes collected from the other Party arising out of or in connection with the transaction contemplated in this Contract.

  

	12.3	Waiver 

 Any waiver of any
provision hereof is invalid, unless stated in written document signed by the Party who makes such waiver. Any non-performance of or delay in performing its rights, powers or remedial measures hereunder by either party shall not constitute a waiver
of its right, and any exercise or partial exercise of related rights, powers or remedial measures for once shall not impede further exercise of related rights, powers or remedial measures, or exercise of any other rights, powers or remedial
measures. Without limiting the foregoing, the waiver by a Party of the other Party’s violation of any provision hereof shall not be deemed to be also a waiver of violating such provision or any other provisions hereof in the future. 

 

	12.4	Transfer 

 the Contract
and any rights, interests or obligations under it shall not be transferred by a Party hereto in whole or in part without prior written consent from the other Party, and any such transfer attempted to be made without permission shall be invalid.

  
 18 

  

	12.5	Successors and Assigns 

the Contract is binding upon and to the benefit of the Parties and their respective successors and assigns. 

 

	12.6	Entire Agreement 

 The
Contract shall constitute the entire and the only agreement between the Parties hereto in connection with the subject matter hereof and shall supersede all previous oral and written agreements, contracts memoranda and communications in connection
with the content hereof by the Parties. 
  

	12.7	Survival 

 Without
limiting the provisions of Clause 10 above, the provisions (including but not limited to warrants in Clause 5) of the Contract shall fully survive after the date on which the Contract is executed where they have not been fully performed on the date
on which the Contract is executed. 
  

	12.8	Further Assurances 

 Each
Party agrees to promptly execute all reasonably necessary or required documents and take further reasonably necessary or favourable actions in order to carry out or perform the provisions and objectives of the Contract. 

 

	12.9	Amendment 

 No amendment,
modification or supplementation shall be made to the Contract unless agreed by the Parties in writing. 
  

	12.10	Counterparts 

 This
Contract may be executed in counterparts and all counterparts shall together constitute one and the same Contract, and shall come into force upon execution and delivery of one or more counterparts by one Party to the other Party. 

[Remainder of the page intentionally left blank] 

  
 19 

  
 IN WITNESS WHEREOF, this Contract has
been executed by the legal representatives or authorized representatives of the Parties hereto on the date first above written. 
 Shanghai Noah
Investment Management Co., Ltd. (Seal) 
  

			
	 /s/          Jingbo
Wang

	Name:	 	Jingbo Wang
	Title:	 	

 Shanghai Fuzhou Investment Consulting Co., Ltd. (Seal) 

 

			
	 /s/          Jingbo
Wang

	Name:	 	Jingbo Wang
	Title:	 	

  
 20 

  
 Schedule I 

Support Services List 
  

	1.	Services relating to daily operation 

  

	 	(a)	the WFOE warrants to circulate current international development and advanced experience in connection with the Financial Product Commission Sale Services to the
Operating Company, and provide opinions on significant strategies involving business development of the Operating Company, including but not limited to assistances in the following aspects: 

 

	 	(b)	formulate relevant business plan and requirement in line with international development trend and domestic market demand and provide managerial support to the Operating
Company; 

  

	 	(c)	carry out market survey and formulate business expansion and development blueprint; 

 

	 	(d)	select and recommend business partners of the Operating Company; 

  

	 	(e)	layout advertisement business of the Operating Company and select and recommend advertisement agency; 

 

	 	(f)	provide the Operating Company with necessary financial support, including but not limited to account reconciliation and collection; 

 

	 	(g)	select qualified personnel for the Operating Company to engage; and 

  

	 	(h)	other services reasonably requested by the Operating Company; 

  

	2.	Training 

 In addition to the
above, the WFOE shall also provide necessary business trainings to promotion, management and marketing personnel of the Operating Company to ensure smooth operation of the Operating Company. Particulars of training plans are determined otherwise by
the Parties. 
  

	3.	Capital support 

 the WFOE shall
assist the Operating Company in arranging necessary financing in order for the Operating Company to provide Financial Product Commission Sale Services. The amount of necessary financing and method of providing such financing are jointly determined
by the Parties. 

  
 21 

  

	4.	Equipment assets support 

 As
determined by the Parties through negotiation, the WFOE may lend business equipment or other related assets it owns or leases to the Operating Company in order for the Operating Company to provide the Financial Product Commission Sale Services.
Particulars of lending conditions and manners are determined by the Parties 
  

	5.	Personnel support 

 The WFOE
shall select qualified technical, managerial and other necessary personnel to assist the Operating Company in providing the Financial Product Commission Sale Services in accordance with actual needs of the Operating Company in providing Financial
Product Commission Sale Services. 

  
 22 

  
 Schedule II 

Licensed Rights 
  

	1.	Licensed trademark 

 Trademark:
Noah 
 Trademark registration No.: No.4017718 
 Registration Term: from February 21, 2007 until February 20, 2017 

Verified services items(Type 36): insurance brokerage; public fund; capital investment; fund investment; financial services; financial
information; financial consulting; security and bond brokerage; security trade information; trusted management; charity fund raising; brokerage; guarantee; trust 
  

	2.	Licensed website 

 universal
website: Noah Wealth Management 
 universal website registration No.: 20051028146268884 

Registration Term: from October 28, 2005 until October 28, 2010 

 

	3.	Licensed domain name 

 Domain
name 1: www.noahwm.com 
 Registration V Term: from November 10, 2005 until November 10, 2010 

Domain name 2: www.noahwm.com.cn 
 Registration Term: from November 10, 2005 until November 10, 2010 
  

	4.	Licensed software 

 Software:
“Noah Wealth Management Client Management System and Corporate Website” software 

  
 23

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