Document:

Exhibit 10.6

 

Exclusive
Option Agreement

 

This
Exclusive Option Agreement (this “Agreement”) is executed by and among the following Parties as of December 24, 2020 in Shenzhen,
the Peoples’ Republic of China (the “PRC” or “China”, which for purpose of this Agreement, shall
exclude the Hong Kong Special Administrative Region of the PRC, the Macau Special Administrative Region and Taiwan):

 

Party
A: Shenzhen Weiyixin Technology Co., Ltd.

Address:
Room 201, Building A, 1 Qianwan First Road, Shenzhen-Hong Kong cooperation zone, Shenzhen

 

Party
B:

Party
B (I): Sun Yadong

Identification
Card Number: []

Party
B (II): Yao Zhaohua

Identification
Number: [].

 

Party
C: Shenzhen Yitian Internet Technology Co., Ltd. (“VIE Co”)

Address:
Room 507, Building C, Longjing High-Tech Jingu business incubator, Longjing Village, Taoyuan Street, Nanshan District, Shenzhen

(Party
A, Party B and Party C shall be hereinafter referred to individually as a “Party” and collectively as the “Parties”.)

 

WHEREAS:

 

		1.	Party
                                            B is a shareholder of Party C and as of the date hereof holds 100% of equity interests of
                                            Party C, representing RMB 20,000,000 in the registered capital of Party C.

 

		2.	Party
                                            A and Party B have entered into a loan contract (the “loan contract”) on _ _
                                            _ _, 2021, for Party B to make capital contribution to Party C.

 

Nowtherefore,
upon mutual discussion and negotiation, the Parties have reached the following agreement:

 

		1	Sale
                                            and Purchase of Equity Interest

 

		1.1	Option
                                            Granted

 

Party
B hereby irrevocably grants Party A an irrevocable and exclusive right to purchase or designate one or more person (each “Designee”)
to purchase the equity interests in Party C now or then held by Party B once or multiple times at any time in part or in whole at Party
A’s sole and absolute discretion and at the price described in Section 1.3 herein (such right being the “Equity Interest
Purchase Option”). Except for Party A and the Designee (s), no other person shall be entitled to the Equity Interest Purchase
Option or other rightswith respect to the equity interests of Party B. Party C hereby agrees to grant by Party B of the Equity Interest
Purchase Option to Party A. The “person” referred to in this section and this Agreement shall mean individuals, corporations,
joint ventures, partners, enterprises, trust or any other type of economic entity.

 

    1

     

    

 

		1.2	Steps
                                            for Exercise of Equity Interest Purchase Option

 

Subject
to the provisions of the laws and regulations of PRC, Party A may exercise the Equity Interest Purchase Option by issuing a written notice
to Party B (the “Equity Interest Purchase Option Notice”), specifying: (a) Party A’s or the Designee’s
decision to exercise the Equity Interest Purchase Option; (b) the portion of equity interests to be purchased by Party A or the Designee
from Party B (the “Optioned Interests”); and (c) The date for purchasing/ transferring the Optioned Interests. After
receiving the Equity Interest Purchase Option Notice, Party B shall, in accordance with this notice, transfer all of the Optioned Interests
to Party A and/or the Designee (s).

 

		1.3	Equity
                                            Interest Purchase Price

 

When
Party A exercises the Equity Interest Purchase Option to purchase all equity interests which held by Party B in Party C, the total price
shall be the lowest price permitted by the laws of PRC; when Party A exercises the Equity Interest Purchase Option to purchase part of
equity interests which held by Party B in Party C, the Equity Interest Purchase Price shall be calculated on a pro rata basis. In the
event that any applicable law does not require any adjustment to the Equity Interest Purchase Price set forth herein, Party A shall not
be required to make any additional payment to Party B. In the event that any mandatory provision of the PRC laws in respect of the Equity
Interest Purchase Price set forth herein, cause the minimum equity interest purchase price permitted by law to be higher than the price
having been offset by the debts, Party B hereby waives its right to obtain the portion of the equity interest purchase price higher than
the offsetting debts. (collectively, the “Equity Interest Purchase Price”).

 

		1.4	Transfer
                                            of Optioned Interests

 

For
each exercise of the Equity Interest Purchase Option,

 

		1.4.1	Party
                                            B shall cause Party C to promptly convene a shareholders’ meeting, at which aresolution
                                            shall be adopted approving Party B’s transfer of the Optioned Interests to Party A
                                            and/or the Designee (s);

 

		1.4.2	Party
                                            B shall obtain written statements from the other shareholders of Party C (if any) giving
                                            consent to the transfer of the equity interest to Party A and/or the Designee (s) and waiving
                                            any right of first refusal related thereto;

 

		1.4.3	Party
                                            B shall execute an equity interest transfer contract with respect to each transfer with PartyA
                                            and/or each Designee (whichever is applicable), in the form and substance satisfactory to
                                            Party A and/or the Designee (s), in accordance with the provisions of this Agreement and
                                            the Equity Interest Purchase Option Notice regarding the Optioned Interests;

 

		1.4.4	Within
                                            thirty (30) days after receiving the Equity Interest Purchase Option Notice, Party B shall
                                            execute all other necessary contracts, agreements or documents with the relevant parties,
                                            obtain all necessary government licenses and permits and take all necessary actions to transfer
                                            valid ownership of the Optioned Interests to PartyA and/or the Designee (s), unencumbered
                                            by any security interests, and cause Party A and/or the Designee (s) to become the registered
                                            owner (s) of the Optioned Interests. For the purpose of this Section and this Agreement,
                                            “security interests” shall include securities, mortgages, third party’s
                                            rights or interests, any stock options, acquisition right, right of first refusal, right
                                            to offset, ownership retention or other security arrangements, but shall be deemed to exclude
                                            any security interest created by this Agreement, Party B’s Equity Interest Pledge Agreement
                                            and Party B’s Power of Attorney. “Party B’s Equity Interest Pledge Agreement”
                                            as used in this Agreement shall refer to the Equity Pledge Agreement executed by and among
                                            Party A, Party B and Party C as of the date hereof and any modification, amendment and restatement
                                            thereto. “Party B’s Power of Attorney” as used in this Agreement shall
                                            refer to the Power of Attorney executed by Party B on the date hereof granting Party A with
                                            power of attorney and any modification, amendment and restatement thereto.

 

    2

     

    

 

		1.5	Payment

 

The
Parties have agreed in the Loan Agreements that any proceeds obtained by Party B through the transfer of its equity interests in Party
C shall be used for repayment of the loan provided by Party A in accordance with the Loan Agreements, upon exercise of the Equity Interest
Purchase Option, Party A may offset the Equity Interest Purchase through debt and liabilities owed by Party B to Party A (including without
limitation the outstanding amount of the loan owed by Party B to Party A) (such debts are referred to as the “Offsetting Debt”).
If no adjustment to the Equity Interest Purchase Price set forth herein is required by applicable laws, Party A shall have no obligation
to make any additional payment to Party B. In the event that any mandatory provision of the PRC laws in respect of the Equity Interest
Purchase Price set forth herein, cause the minimum equity interest purchase price permitted by law to be higher than the price having
been offset by the debts, Party B hereby waives its right to obtain the portion of the equity interest purchase price higher than the
offsetting debts.

 

		2	Covenants

 

		2.1	Covenants
                                            regarding to Party C

 

Party
B (as the shareholders of Party C) and Party C hereby covenant as follows:

 

		2.1.1	Without
                                            the prior written consent of Party A, they shall not in any manner supplement, change or
                                            amend the articles of association of Party C, increase or decrease its registered capital,
                                            or change its structure of registered capital in other manners;

 

		2.1.2	They
                                            shall maintain Party C’s corporate existence in accordance with good financial and
                                            business standards and practices, obtain and maintain all necessary government licenses and
                                            permits by prudently and effectively operating its business and handling its affairs;

 

		2.1.3	Without
                                            the prior written consent of Party A, they shall not at any time following the date hereof,
                                            sell, transfer, mortgage or dispose of in any manner any material assets of Party C or legal
                                            or beneficial interest in the material business or revenues of Party C of more than RMB 1,000,000,
                                            or allow the encumbrance thereon of any security interest;

 

		2.1.4	Withoutthe
                                            prior written consent of Party A, they shall not incur, inherit, guarantee or suffer the
                                            existence of any debt, except for payables incurred in the ordinary course of business other
                                            than through loans;

 

    3

     

    

 

		2.1.5	They
                                            shall always operate all of Party C’s businesses in the ordinary course of business
                                            to maintain the asset value of Party C and refrain from any action/omission that may affect
                                            Party C’s operating status and asset value;

 

		2.1.6	Without
                                            the prior written consent of Party A, they shall not cause Party C to execute any major contract,
                                            except the contracts in the ordinary course of business (for purpose of this subsection,
                                            a contract with a price exceeding RMB 1,000,000 shallbe deemed a major contract);

 

		2.1.7	Without
                                            the prior written consent of Party A, they shall not cause Party C to provide any person
                                            with any loan or credit;

 

		2.1.8	They
                                            shall provide Party A with information on Party C’s business operations and financial
                                            condition at Party A’s request;

 

		2.1.9	If
                                            requested by Party A, they shall procure and maintain insurance in respect of Party C’s
                                            assets and business from an insurance carrier acceptable to Party A, at an amount and type
                                            of coverage typical for companies that operate similar businesses;

 

		2.1.10	Without
                                            the prior written consent of Party A, they shall not cause or permit Party C to merge, consolidate
                                            with, acquire or invest in any person;

 

		2.1.11	They
                                            shall immediately notify Party A of the occurrence or possible occurrence of anylitigation,
                                            arbitration or administrative proceedings relating to Party C’s assets, business or
                                            revenue;

 

		2.1.12	To
                                            maintain the ownership by Party C of all of its assets, they shall execute allnecessary or
                                            appropriate documents, take all necessary orappropriate actionsand file all necessary or
                                            appropriate complaints, and raise necessary or appropriate defenses against all claims;

 

		2.1.13	Without
                                            the prior written consent of Party A, they shall ensure that Party C shall not in any manner
                                            distribute dividends to its shareholders, provided that upon Party A’s written request,
                                            Party C shall immediately distribute all distributable profits to its shareholders;

 

		2.1.14	At
                                            the request of Party A, they shall appoint any person designated by Party A as director or
                                            executive director of Party C;

 

		2.1.15	Without
                                            the prior written consent of Party A, they shall not engage in any business in competition
                                            with Party A or its affiliates;

 

		2.1.16	Unless
                                            otherwise required by PRC law, Party C shallnot be dissolved or liquated without prior written
                                            consent by Party A;

 

		2.1.17	Once
                                            the continuously permitted by PRC law, foreign investors are allowed to invest in the principle
                                            business of Party C in PRC with controlling shares and/or in the form of wholly foreign-owned
                                            business and the relevant competent authorities of PRC begin to approve such business, upon
                                            Party A’s exercise of the Equity Interest Purchase Option, Party B shall immediately
                                            transfer his equity interest in Party C toParty A or the Designee (s), and Party C shall
                                            cooperate with the completion of the equity transfer;

 

    4

     

    

 

		2.1.18	With
                                            respect to the covenants applicable to Party C under this Article 2.1, Party B and Party
                                            C shall cause the subsidiaries of Party C to comply with such covenants applicable, as if
                                            they were Party C under the corresponding provisions.

 

		2.2	Covenants
                                            of Party B

 

Party
B hereby covenantsas follows:

 

		2.2.1	Without
                                            the prior written consent of Party A, Party B shall not sell, transfer, mortgage or dispose
                                            of in any other manner any legal or beneficial interest in the equity interests in Party
                                            C held by Party B, or allow the encumbrance thereon of any security interest, except for
                                            the interest placed in accordance with Party B’s Equity Interest Pledge Agreement and
                                            Party B’s Power of Attorney;

 

		2.2.2	Party
                                            B shall cause the shareholders’ meeting and/or the board of directors (or the executive
                                            director) of Party C not to approve the sale, transfer, mortgage or disposition in any other
                                            manner of any legal or beneficial interest in the equity interests in Party C held by Party
                                            B, or allow the encumbrance thereon of anysecurity interest, without theprior written consent
                                            of Party A, except for the interest placed inaccordance with Party B’s Equity Interest
                                            Pledge Agreement and Party B’s Power of Attorney;

 

		2.2.3	Party
                                            B shall cause the shareholders’ meeting and/or the board of directors (or the executive
                                            director) of Party C not to approve the merger or consolidation with any person, or the acquisition
                                            of orinvestment in any person, without theprior written consent of Party A;

 

		2.2.4	Party
                                            B shall immediately notify Party A of the occurrence or possible occurrence of any litigation,
                                            arbitration or administrative proceedings relating to the equity interests in Party C held
                                            by Party B;

 

		2.2.5	Party
                                            B shall cause the shareholders’ meeting or the board of directors (or the executive
                                            director) of Party C to vote their approval of the transferof the Optioned Interests as set
                                            forth in this Agreement and to take any and all other actions that may be requested byParty
                                            A;

 

		2.2.6	To
                                            the extent necessary to maintain Party B’s ownership in Party C, Party B shall execute
                                            all necessary or appropriate documents, take all necessary or appropriate actions, file all
                                            necessary or appropriate complaints, and raise necessary or appropriate defenses against
                                            all claims;

 

		2.2.7	Party
                                            B shall appoint any designee of Party A as the director or the senior management of Party
                                            C, at the request of Party A;

 

		2.2.8	Party
                                            B hereby waives its right of first of refusal to transfer of equity interest by any other
                                            shareholder of Party C to Party A (if any), andgives consent to execution by each other shareholder
                                            of Party C with Party A and Party C the exclusive option agreement, the equityinterest pledge
                                            agreement and the power of attorney similar to this Agreement, Party B’s Equity Interest
                                            Pledge Agreementand Party B’s Power of attorney and undertakes not to take any action
                                            (if any) in conflict with such documents executed by the othershareholders;

 

    5

     

    

 

		2.2.9	Party
                                            B shall promptly donate any profit, interest, dividend or proceeds of liquidation to Party
                                            A or any other person designated by Party A to the extent permitted under applicable PRC
                                            laws; and

 

		2.2.10	Party
                                            B shall strictly abide by the provisions of this Agreement and other contracts jointly or
                                            separately executed by and among Party B, Party C and Party A, perform the obligations hereunder
                                            and thereunder, and refrain from anyaction/omission that may affect the effectiveness and
                                            enforceability thereof. To the extent that Party B has any remaining rights with respect
                                            to the equity interests subject to this Agreement hereunder or under the Party B’s
                                            Equity Interest Pledge Agreement or under the Party B’s Power of Attorney, Party B
                                            shall not exercisesuch rights except in accordance with the written instructions of Party
                                            A.

 

		3	Representations
                                            and Warranties

 

Party
B and Party C hereby represent and warrant to Party A, jointly and severally, as of the date of this Agreement and each date of transfer
of the Optioned Interests, that:

 

		3.1	They
                                            have the power, capacity and authority to execute and deliver this Agreement and any share
                                            transfer contracts to which they are parties concerning the Optioned Interests to be transferred
                                            thereunder (each, a “Transfer Contracts”), and to perform their obligations under
                                            this Agreement and any Transfer Contracts. Party B and Party C agree to enter into Transfer
                                            Contracts consistent with the terms of this Agreement upon Party A’s exercise of the
                                            Equity Interest Purchase Option. This Agreement and the Transfer Contracts to which they
                                            are parties constitute or will constitute their legal, valid and binding obligations and
                                            shall beenforceable againstthem in accordance with the provisions thereof;

 

		3.2	Party
                                            B and Party C have obtained any and all approvals and consents from government authorities
                                            and third parties (if required) for execution, delivery and performance of this Agreement.

 

		3.3	The
                                            execution and delivery of this Agreement or any Transfer Contracts and the obligations under
                                            this Agreement or any Transfer Contracts shall not: (i) cause any violation of any applicable
                                            laws of PRC; (ii) be inconsistent with the articles of association, bylaws or other organizationaldocuments
                                            of Party C; (iii) cause the violation of any contracts or instruments to which they are a
                                            party or which are bindingon them, or constitute any breach under any contracts or instruments
                                            to which they are a party or which are binding on them; (iv) cause any violation of any condition
                                            for the grant and/or maintenanceof any licenses or permits issued to either of them; or (v)
                                            causethe suspension or revocation of or imposition of additional conditions to any licenses
                                            or permits issued to either of them;

 

		3.4	Party
                                            B has a good and merchantable title to the equity interests in Party C he holds. Except for
                                            Party B’s Equity Interest Pledge Agreement and Party B’s Power of Attorney, Party
                                            B has not placed any security interest on such equity interests;

 

		3.5	Party
                                            C has a good and merchantable title to all of its assets, and has not placed any security
                                            interest on the afore mentioned assets;

 

    6

     

    

 

		3.6	Party
                                            C does not have any outstanding debts, except for (i) debt incurred in the ordinary course
                                            of business; and (ii) debts disclosed to Party A for which PartyA’s written consent
                                            has been obtained.

 

		3.7	Party
                                            C has complied with all laws and regulations of China applicable to asset acquisitions; and

 

		3.8	There
                                            are no pending or threatened litigation, arbitration or administrative proceedings relating
                                            to the equity interests in Party C, assetsof Party C or Party C.

 

		4	Effective
                                            Date and Term

 

This
Agreement shall become effective upon execution by the Parties, and remain effective until all equity interests held by Party B in Party
C have been transferred or assigned to Party A and/or any other person designated by Party A in accordance with this Agreement.

 

		5	Governing
                                            Law and Resolution of Disputes

 

		5.1	Governing
                                            Law

 

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

 

		5.2	Methods
                                            of Resolution of Disputes

 

Any
dispute arising from the performance of this Agreement or in connection with this Agreement shall be entitled to submit the dispute to
Shenzhen International Arbitration Court for arbitration in accordance with its then-effective arbitration procedures and rules. The
arbitration tribunal shall consist of three arbitrators appointed in accordance with arbitration rules. The claimant shall appoint one
arbitrator, and the respondent shall appoint one arbitrator. The third arbitrator shall be appointed by the above two arbitrators through
consultation or by Shenzhen International Arbitration Court. The arbitration shall be conducted confidentially and the language of the
arbitration shall be Chinese. The arbitration award shall be final and binding on both Parties. The arbitration tribunal or arbitrators
may, if appropriate, award damages, injunctive relief (including, but not limited to, necessary for the conduct of the business or compulsory
transfer of assets) with respect to the equity interests, assets, property interests orland assets of the Parties, or propose winding
up ofthe Parties, pursuant to the dispute resolution clause and/or applicable PRC laws. Furthermore, during the period when the arbitral
tribunal is constituted, the Parties shall have the right to apply for the grant of interim remedies to any court having competent jurisdiction
(including HK, the place of the VIE Co’s incorporation (i.e. Shenzhen, PRC), Cayman court and court where the main assets of the
VIE Co is located). During the course of arbitration, the Parties shall continue to have their other rights hereunder and perform their
obligations hereunder, except for the parts under arbitration under the dispute of the Parties.

 

		6	Taxes
                                            and Fees

 

Each
Party shall pay any and all transfer and registration tax, expenses and fees incurred thereby or levied thereon in accordance with the
laws of the PRC in connection with the preparation and execution of this Agreement and the Transfer Contracts, as well as the consummation
of the transactions contemplated under this Agreement and the Transfer Contracts.

 

    7

     

    

 

		7	Notices

 

		7.1	All
                                            notices and other communications required or permitted to be given pursuant to this Agreement
                                            shall be delivered personally or sent by registered mail, postage prepaid, by a commercial
                                            courier service or by facsimile transmission. A confirmation copy of each notice shall also
                                            be sent by email. The dates on which notices shall be deemed to have been effectively given
                                            shall be determined as follows:

 

		7.1.1	Notices
                                            given by personal delivery (including express courier) shall be deemed effectively given
                                            on the date of signature;

 

		7.1.2	Notices
                                            given by registered mail (postage prepaid) shall be deemed effectively given on the 15th
                                            day after the date set forth on the return receipt of the registered mail;

 

		7.1.3	Notices
                                            given by facsimile transmission shall be deemed to have been received on the date shown on
                                            the facsimile, provided that if such facsimile is sent after 5.00 p.m. or on a non- working
                                            day in the place of delivery, the notice shall be deemed received on the next working day
                                            shown on the date of delivery.

 

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

 

Party
A: Shenzhen Weiyixin Technology Co., Ltd.

Address:
[]

Attn:
[]

Facsimile:
[]

E-mail:
[]

 

Party
B:

Address:
[]

Attn:
[]

Facsimile:
[]

E-mail:
[]

 

Party
C: Shenzhen Yitian Internet Technology Co., Ltd.

Address:
[]

Attn:
[]

Facsimile:
[]

E-mail:
[]

 

		7.3	Any
                                            Party may change its address for notices by a notice delivered to the other Party in the
                                            manner set forth herein.

 

    8

     

    

 

		8	Confidentiality

 

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

 

		9	Further
                                            Warranties

 

The
Parties agree to promptly execute documents thatare reasonably required for or are conducive to the implementation of the provisions
and purposes of this Agreement and take furtheractions that are reasonably required for or are conducive to the implementation of the
provisions and purposes of this Agreement.

 

		10	Liabilities
                                            for Breach

 

		10.1	If
                                            Party B or Party C conductsany material breach of any term of this Agreement, Party A shall
                                            have right to terminate this Agreement and/or require the PartyB or Party C to compensate
                                            all damages; this Section 10 shall not prejudice any other rights of Party A herein;

 

		10.2	Party
                                            B or Party C shall nothave any right to terminate this Agreement in any event unless otherwise
                                            required by applicable laws.

 

		11	Miscellaneous

 

		11.1	Amendment,
                                            change and supplement

 

Any
amendment, change and supplement to this Agreement shall require the execution of a written agreement by all of the Parties.

 

		11.2	Entire
                                            agreement

 

Except
forthe amendments, supplements or changes in writing executed after the execution of this Agreement, this Agreement shall constitutethe
entire agreement reached by and among the Parties with respect to the subject matter hereof, and shall supercede allprior oral and written
consultations, representations and contracts reached with respect to the subject matter of this Agreement.

 

    9

     

    

 

		11.3	Headings

 

The
headingsof this Agreement are for convenience only, and shall not be used to interpret, explain or otherwise affect the meanings of theprovisions
of this Agreement.

 

		11.4	Severability

 

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

 

		11.5	Successors

 

This
Agreement shall be binding on and shall inure to the interest of the respective successors of the Parties and the permitted assigns of
such Parties.

 

		11.6	Survival

 

		11.6.1	Any
                                            obligations that occur or that are due as a result of this Agreement upon the expiration
                                            or early termination of this Agreement shall survivethe expiration or early termination thereof.

 

		11.6.2	The
                                            provisions of Sections 5, 8, 10 and this Section 11.6 shall survive the termination of this
                                            Agreement.

 

		11.7	Waivers

 

Any
Party may waive the terms and conditions of this Agreement, provided that such a waiver must be provided in writing and shall requirethe
signatures of the Parties. No Waiver by any Party in certain circumstances with respect to a breach by other Parties shalloperate as
a Waiver by such a Party with respectto any similar breach in other circumstances.

 

		11.8	Language
                                            and Counterparts

 

This
Agreement is written in the English language in four counterparts with each Party holding one copy.

 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

 

    10

     

    

 

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

 

Shenzhen
Weiyixin Technology Co., Ltd. (Seal)

 

	By:	 	 

Name:

Title:

 

    11

     

    

 

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

 

(Signature)
YADONG SUN

 

	By:	 	 

  

(Signature)
Yao Zhaohua

 

	By:	      	 

 

    12

     

    

 

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

 

Shenzhen
Yitian Internet Technology Co., Ltd. (Seal)

  

	By:	 	 

Name:

Title:

 

    13Exhibit 10.7

 

Exclusive Business Cooperation Agreement

 

This Exclusive Business Cooperation Agreement (this “Agreement”)
is made and entered into by and between the following parties on December 24, 2020 in Shenzhen, the Peoples’ Republic of China (the
“PRC” or “China”, which for the purpose of this Agreement, excludes the Hong Kong Special Administrative Region
of the PRC, the Macau Special Administrative Region and Taiwan).

 

Party A: Shenzhen
Weiyixin Technology Co., Ltd. 

Address: Room
201, Building A, 1 Qianwan First Road, Shenzhen-Hong Kong cooperation zone, Shenzhen

 

Party B:
Shenzhen Yitian Internet Technology Co., Ltd. 

Address: Room
507, Building C, Longjing High-Tech Jingu business incubator, Longjing Village, Taoyuan Street, Nanshan District, Shenzhen

 

(Each of Party A and Party B shall be hereinafter
referred to as a “Party” respectively, and as the “Party” collectively.)

 

WHEREAS:

 

		(1)	Party A is a wholly foreign-owned enterprise established in PRC, and has the necessary resources to provide
technical and consulting services;

 

		(2)	Party B is a limited liability company established in PRC, engaging in online sales service of communication
products, digital products, computer software and hardware, network products, gifts, office supplies and technology development service
for communication products, digital products, computer software and hardware, network equipment, gifts, office supplies and network communication
(the businesses conducted by Party B currently and any time during the term of this Agreement are collectively referred to as the “Principal
Business”);

 

		(3)	Party A is willing to provide Party B with technical support, consulting services and other services on
exclusive basis in relation to the Principal Business during the term of this Agreement, utilizing its advantages in technology, human
resources, and information, and Party B is willing to accept such services provided by Party A or Party A’s designee (s), each on
the terms set forth herein.

 

Now, therefore, through mutual discussion, the
Parties have reached the following agreements:

 

1       Services Provided by Party A

 

		1.1	Party B hereby appoints Party A as Party B’s exclusive services provider
to provide Party B with complete technical support, consulting services and other services during the term of this Agreement, in accordance
with the terms and conditions of this Agreement, including but not limited to the following:

 

		(1)	Licensing Party B to use any software legally owned by Party A;

 

		(2)	Development, maintenance and updating of software involved in Party B’s business;

 

     

     

    

 

		(3)	Design, installation, daily management, maintenance and updating of network systems, hardware and database
design;

 

		(4)	Technical support and training for employees of Party B;

 

		(5)	Assisting Party B in consultancy, collection and research of technology and market information (excluding
market research business that wholly foreign-owned enterprises are prohibited from conducting under PRC law);

 

		(6)	Providing business management consultation for Party B;

 

		(7)	Providing marketing and promotional services for Party B;

 

		(8)	Providing customer order management and customer services for Party B;

 

		(9)	Transfer, lease and disposal of equipments and assets; and

 

		(10)	Other services requested by Party B from time to time to the extent permitted under PRC law.

 

		1.2	Party B accepting such services provided by Party A. Party B further agrees
that unless with Party A’s prior written consent, during the term of this Agreement, Party B shall not directly or indirectly accept
the same or any similar services provided byany third party and shall not establish similar corporation relationship with any third party
regarding the matters contemplated bythis Agreement. Party A may appoint other parties, who may enter into certain agreements described
in Section 1.5 with Party B, to provide Party B with the services under this Agreement. 

 

		1.3	Party A has the right to verify the accounts of Party B regularly at any
time. Party B shall keep the accounts in a timely and accurate manner and provide the accounts to Party A upon request. During the term
of this Agreement and without violating the applicable laws, Party B agrees to cooperate with Party A and Party A's shareholders (including
but not limited to audit of connected transactions and other various audits) in conducting audits, and provide Party A, Party A’s
shareholders and/or its entrusted auditor with the relevant information and materials concerning the operation, business, clients, finance,
employee and other matters of Party B and its subsidiaries, and consents to Party A’s shareholders disclosing such information and
materials to satisfy the regulatory requirements of listed securities. 

 

		1.4	When Party B is liquidated or dissolved due to various reasons, to the extent
permitted by PRC law, Party B shall appoint, a liquidation team composed of the personnel recommended by Party A, which shall manage the
assets of Party B and its subsidiaries. Party B acknowledges that when Party B is liquidated or dissolved, whether or not this Agreement
can be performed, Party B agrees to deliver to Party A all the remaining assets it acquires from the liquidation of Party B in accordance
with the laws and regulations of PRC. 

 

		1.5	Service Providing Methodology

 

		1.5.1	Party A and Party B agree that during the term of this Agreement, where
necessary, Party B may enter into further service agreements with Party A or any other party designated by Party A, which shall provide
the specific contents, methods, personnel, and fees for the specific services. 

 

    2

     

    

 

		1.5.2	To fulfill this Agreement, Party A and Party B agree that during the term
of this Agreement, where necessary, Party B may enter into equipment or property leases with Party A or any other party designated by
Party A which shall permit Party B to use Party A's relevantequipment or property based on the needs of the business of Party B. 

 

		1.5.3	Party B hereby grants to Party A an irrevocable and exclusive option to
purchase from Party B, at Party A’s sole discretion, any or all of the assets and business of Party B, to the extent permitted under
PRC law, and at the lowest purchase price permitted by PRC law. The Parties shall then enter into a separate assets or business transfer
agreement, specifying the terms and conditions of the transfer of the assets. 

 

2       The Calculation and Payment of the Service Fees

 

		2.1	The Service Fees under this Agreement shall be 100% of the gross profits of Party B on a consolidated
basis in any fiscal year set off the accumulated losses of Party B and its subsidiaries for the previous fiscal years if any, and deduct
necessary working capital, expenses, taxes and other statutory contributions in any fiscal year. Notwithstanding the foregoing, Party
A may, in its sole discretion, adjust the scope and amount of the Service Fees in accordance with the PRC tax regulations and tax practices
and by reference to Party B’s operating capital needs and Party B shall accept such adjustments.

 

		2.2	Party A shall calculate the Service Fees on a monthly basis and issue invoice to Party B. Party B shall
pay the Service Fees to the bank account designated by Party A within 10 working days after receiving the invoice, and will send the copy
of payment voucher to Party A by fax or email within 10 working days after the payment. Party A shall issue the receipt within 10 working
days after receiving the service fee. Notwithstanding the foregoing, Party A may adjust the payment time and terms of the Service Fees
at its sole discretion. Party B shall accept such adjustment.

 

3       Intellectual Property Rights and Confidentiality Clauses

 

		3.1	Party A shall have exclusive and proprietary ownership, rights and interests
in and to any and all intellectual properties or intangible assets created or developed during the performance of this Agreement by the
Parties (including but not limited to copyrights, patents, patent applications, software, technical secrets, trade secrets and others)
(to the extent not prohibited by PRC laws). Unless expressly authorized by Party A, Party B shall not be entitled to any interest in or
in any Intellectual Property Rights belonging to Party A used by Party A in connection with the provision of Services under this Agreement.
Party B shall execute all appropriate documents, take all appropriate actions, submit all filings and/or applications, render all appropriate
assistance and otherwise conduct whatever is necessary as deemed by Party A at its sole discretion for the purposes of vesting any ownership,
right or interest of any such intellectual property rights and intangible assets in Party A, and/or perfecting the protections for any
such intellectual property rights and intangible assets of Party A (including, without limitation, registering such intellectual property
rights and intangible assets under the name of Party A). 

 

    3

     

    

 

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

 

4       Representations
and Warranties

 

		4.1	Party A hereby represents, warrants and covenants as follows:

 

		4.1.1	Party A isa wholly foreign-owned enterprise legally established and validly existing in accordance with
the laws of PRC; Party A or theservice providers designated by Party A will obtain all government permits and licenses for providing the
service under this Agreementbefore providing such services.

 

		4.1.2	Party A hastaken all necessary corporate actions, obtained all necessary authorizations as well as all
consents and approvals from third partiesand government agencies (if required) for the execution, delivery and performance of this Agreement.
Party A's execution, delivery and performance of this Agreementdo not violate any explicit requirements under any law or regulation binding
on Party A.

 

		4.1.3	This Agreement constitutes Party A’s legal, valid and binding obligations, enforceable in accordance
with its terms.

 

		4.2	Party B hereby represents, warrants and covenants as follows:

 

		4.2.1	Party B is a company legally established and validly existing in accordance with the laws of PRC and has
obtained andwill maintain all permits and licenses for engaging in the Principal Business in a timely manner.

 

		4.2.2	Party B hastaken all necessary corporateactions, obtained all necessary authorizations as all consents
and approvals from third partiesand government agencies (if required) for the execution, delivery and performance of this Agreement. Party
B’s execution, delivery and performance of this Agreementdo not violate any law or regulation binding on Party A.

 

		4.2.3	This Agreement constitutes Party B’s legal, valid and binding obligations, and shallbe enforceable
against it.

 

5       Term of Agreement

 

		5.1	This Agreementshall become effective upon execution by the Parties Duly. Unless terminated in accordance
with the provisions of this Agreement or terminated in writing by Party A, this Agreementshall remain effective.

 

		5.2	During the termof this Agreement, each Party shall renew its operation term prior to the expiration thereof
so as to enable this Agreement toremain effective. This Agreementshall be terminated upon the expiration of the operation term of a Party
if the application for the renewal of its operation term is not approved by the relevant government authorities.

 

		5.3	The rights and obligations of the Parties under Sections 3, 6, 7 and this Section 5.3 shall survive the
termination of this Agreement.

 

    4

     

    

 

6       Governing Law and Resolution of Disputes

 

		6.1	The formation, validity, interpretation, implementation of this Agreement and resolution of disputes hereunder
shall be governed by and construed in accordance with the laws of the PRC.

 

		6.2	Any dispute arising from the performance of this Agreement or in connection with this Agreement shall
be entitled to submit the dispute to Shenzhen International Arbitration Court for arbitration in accordance with its then-effective arbitration
procedures and rules. The arbitration tribunal shall consist of three arbitrators appointed in accordance with arbitration rules. The
claimant shall appoint one arbitrator, and the respondent shall appoint one arbitrator. The third arbitrator shall be appointed by the
above two arbitrators through consultation or by Shenzhen International Arbitration Court. The arbitration shall be conducted confidentially
and the language of the arbitration shall be Chinese. The arbitration award shall be final and binding on both Parties. The arbitration
tribunal or arbitrators may, if appropriate, award damages, injunctive relief (including, but not limited to, necessary for the conduct
of the business or compulsory transfer of assets) with respect to the equity interests, assets, property interests orland assets of the
Parties, or propose winding up ofthe Parties, pursuant to the dispute resolution clause and/or applicable PRC laws. Furthermore, during
the period in which the arbitral tribunal is constituted, the Parties shall have the right to apply for the grant of interim relief in
any competent court (including PRC, HK and Cayman courts).

 

		6.3	During the course of arbitration, the Parties shall continue to have their other rights hereunder and
perform their obligations hereunder, except for the parts under arbitration under the dispute of the Parties.

 

7       LIABILITY FOR BREACH OF CONTRACT AND INDEMNIFICATION

 

		7.1	If Party B conducts any material breach of any term of this Agreement, Party A shall have the right to
(1) terminate this Agreement and require Party B to fully indemnify all damages; or (2) require specific performance of Party B’s
obligations herein and require Party B to fully indemnify all damages; this Section 7.1 shall not prejudice any other rights of Party
A herein.

 

		7.2	Unless otherwise required by applicable laws, Party B shall not have any right to terminate this Agreement
in any event.

 

		7.3	Party B shall indemnify and hold harmless Party A from any losses, injuries, obligations or expenses caused
by any lawsuit, claims or other demands against Party A arising from or caused by the services provided by Party A to Party B pursuant
this Agreement, except where such losses, injuries, obligations or expenses arise from the gross negligence or willful misconduct of Party
A. SECTION 5.02. Headings.

 

    5

     

    

 

8       Force Majeure

 

		8.1	In the case of any force majeure events (“Force Majeure”) such as earthquake, typhoon,
flood, fire, flu, war, strikes or any other events that cannot be predicted and are unpreventable and unavoidable by the affected Party,
which directly or indirectly causes the failure of either Party to perform or completely perform this Agreement, then the Party affected
by such Force Majeure shall not be liable for such non-performance or partial performance. However, the affected Party shall give written
notice to the other Party without any delay and shall provide details of the Force Majeure event within 15 days after sending out such
written notice, explaining the reasons for such failure of, partial or delay of performance.

 

		8.2	If such Party claiming Force Majeure fails to notify the other Parties and furnish them with proof pursuant
to the above provision, such Party shall not be excused from the non-performance of its obligations hereunder. The Party so affected by
the event of Force Majeure shall use reasonable efforts to minimize the consequences of such Force Majeure and to promptly resume performance
hereunder whenever the causes of such excuse are cured. Should the Party so affected by the event of Force Majeure fail to resume performance
hereunder when thecauses of such excuse are cured, such Party shall be liable to the other Party.

 

		8.3	In the eventof Force Majeure, the Parties shall immediately consult with each other to find an equitable
solution and shall use all reasonableendeavours to minimize the consequences of such Force Majeure.

 

9       Notices

 

		9.1	All notices and other communications required or permitted to be given pursuant to this Agreement shall
be delivered personally or sent by registered mail, postage prepaid, by a commercial courier service or by facsimile transmission. A confirmation
copy of each notice shall also be sent by email. The dates on which notices shall be deemed to have been effectively given shall be determined
as follows:

 

		9.1.1	Notices given by personal delivery (including express courier) shall be deemed effectively given on the
date of signature;

 

		9.1.2	Notices given by registered mail (postage prepaid) shall be deemed effectively given on the 15th day after
the date set forth on the return receipt of the registered mail;

 

		9.1.3	Notices given by facsimile transmission shall be deemed to have been received on the date shown on the
facsimile, provided that if such facsimile is sent after 5.00 p.m. or on a non- working day in the place of delivery, the notice shall
be deemed received on the next working day shown on the date of delivery.

 

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

 

Party A: Shenzhen
Weiyixin Technology Co., Ltd.

Address: []

Attn: []

Facsimile: []

E-mail: []

 

Party B: Shenzhen
Yitian Internet Technology Co., Ltd.

Address: []

Attn: []

Facsimile: []

E-mail: []

 

		9.3	Any Party may change its address for notices by a notice delivered to the other Party in the manner set
forth herein.

 

    6

     

    

 

10       Assignment

 

		10.1	Without Party A’s prior written consent, Party B shall not assign its rights and obligations under
this Agreement to any third party.

 

		10.2	Party B agrees that Party A may assign its obligations and rights under this Agreement to any third party
and in case of such assignment, PartyA is only required to give written notice to Party B but does not need any consent from Party B for
such assignment.

 

11       Miscellaneous

 

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

 

		11.2	Any amendments and supplements to this Agreement shall be in writing. The amendment agreements and supplementary
agreements that have been signed by the Parties and that relate to this Agreement shall be an integral part of this Agreement and shall
have the same legal validity as this Agreement.

 

		11.3	This Agreement shall be executed in duplicate, each Party shall have one.

 

(The remainder of this page
is intentionally left blank; signature page to follow)

 

    7

     

    

 

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

 

	Shenzhen VIYI Technology Co., Ltd. (Seal)	 
	 	 	 
	By: 	                        	 
	Name:	 	 
	Title:	 	 

 

     

     

    

 

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

 

	Shenzhen Yitian Internet Technology Co., Ltd. (Seal)	 
	 	 	 
	By: 	                                 	 
	Name:	 	 
	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00329-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00329-of-00352.parquet"}]]