Document:

EXHIBIT 10.13

  
 Exhibit 10.13

 EXCLUSIVE EQUITY INTEREST PURCHASE AGREEMENT 
  THIS EXCLUSIVE EQUITY INTEREST PURCHASE AGREEMENT (the “Agreement”) is entered into by and between the following parties on July 1, 2010. 

Party A: Yuanhong Fire Technology (HK) Ltd., a limited liability company duly established and valid existing under the HK SAR laws. 

Registered Address: Room 42, 4th Floor, New Henry House, 10 Ice House Street, Central, Hong Kong 

Party B: Han Xueyuan, ID no.: 622822197403270015 
 Address: Room 901 Gate 1, Building 7, Qingbo Yuan, Shiji City, Haidian District, Beijing. 

Party C: Fujian Province Baisha Fire Control Industrial Trading Co., Ltd., a limited liability company duly established and valid existing under
the PRC laws. 
 Registered Address: Baisha Industrial Zone, Meilin, Nan’an City, Fujian Province. 

WHEREAS, 
  

	1.	Party B holds 10% equity interest in Party C; 

  

	2.	Party C and Beijing Yuanhong Dingsheng Fire Control Technology Co., Ltd (“Yuanhong Dingsheng”) have entered into a series of Agreements including the
Exclusive Consulting and Service Agreement. 

 NOW THEREFORE, through mutual negotiations, the Parties hereto agree as
follows: 
  

	1.	Transfer of Equity Interest 

  

	 	1.1	Granting Right 

 Under the PRC
law, Party B hereby irrevocably grants Party A the exclusive right to purchase, or designate one or more persons (the “Specified Person”) to purchase, a portion or whole of the Equity Interest of Party C held by Party B at the price
set forth in Article 1.3 hereof in accordance with the procedure promulgated by Party A at any time in Party A’s discretion. (the “Purchase Right”). Except for Party A and the

  
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Specified Person, Party C shall not sell the Equity Interest to any third party. Party C hereby agrees that Party B may grant the Purchase Right to Party A. For the purpose of this Agreement, the
“person” stipulated herein refers to individual, corporation, joint venture, partnership, enterprise, trust or non-corporation organization. 
  

	 	1.2	Procedure 

 The exercise of the
Purchase Right by Party A shall subject to the laws and regulations of the PRC. When Party A intends to exercise the Purchase Right, it shall issue a written notice (the “Purchase Notice”) to Party B which shall contain the
following items: (a) Party A intends to exercise the Purchase Right; (b) the percentage of the Equity Interest to be purchased therewith (the “Purchased Equity Interest”); and (c) the effective date or transfer date.

  

	 	1.3	Transfer Fee 

 The Transfer Fee
(“Transfer Fee”) shall be confirmed by and between Party A and Party B through negotiation according to the appraisal of the Equity Interest approved by the competent authority, and it shall be the lowest price allowable by the PRC
laws and regulations. Party B hereby unconditionally and irrevocably agrees that, in the event that Party A exercises its Purchase Right, Party B shall unconditionally refund to Party A the Transfer Fee in full. 

 

	 	1.4	Transfer of the Equity Interest 

Each time when Party A exercises the Purchase Right: 
  

	 	1.4.1	Party B shall procure that Party C convene shareholders’ meeting timely and shall pass the shareholders’ resolutions that Party B could transfer to Party A or
the Specified Person the Equity Interest. 

  

	 	1.4.2	Party B shall enter into Equity Transfer Agreement with Party A (or the Specified Person, if applicable) in accordance with this Agreement and Purchase Notice.

  

	 	1.4.3	 Related parties shall execute all other necessary agreements or documents, and obtain all necessary government approvals and consents, and take all
necessary actions to lawfully transfer the title to the Equity Interests to Party A or the Specified Person and procure Party A or the Specified Person to be registered as the holder of the Equity Interest. The Equity Interest should be free from
any Security Interest. For the purpose of this Agreement, Security Interest shall include guarantee, mortgage, any third party’s right or interest, any purchase right, pre-emption right, offset right and any other security arrangements.
Notwithstanding 

  
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the foregoing, the Security Interest shall not include any security interest accrued in accordance with this Agreement and the Equity Interest Pledge Agreement which is entered into by and
between Party B and Yuanhong Dingsheng on July 1, 2010 (“Equity Interest Pledge Agreement”). According to the Equity Interest Pledge Agreement, Party B shall pledge all the equity possessed by Party B in Party C to Yuanhong
Dingsheng as a guarantee to the performance of the Exclusive Technical Consulting and Service Agreement which is entered into by and between Party C and Yuanhong Dingsheng on July 1, 2010 (“Exclusive Technical Consulting and Service
Agreement”). 

   

	 	1.5	Payments for the Equity Interest 

  

	 	1.5.1	Party A shall pay the Transfer Fee to Party B in accordance with Article 1.3 hereof. 

 

	2.	Warranties Relating to the Equity Interest 

  

	 	2.1	Party C hereby guarantees that: 

  

	 	2.1.1	Absent prior written consent of Party A or the Specified Person, Party C will not supplement, amend, or modify any provision of the Articles of Association of the
company, and shall not increase or decrease its registered capital, or alter the equity structure in other methods. 

  

	 	2.1.2	Party C shall be legally existing, and prudently and efficiently operates its business and deals with corporate affairs in accordance with commercial standards and
practice. 

  

	 	2.1.3	Absent prior written consent of Party A or the specific person, Party C shall not sell, transfer, mortgage or dispose of any asset, business or beneficial right of
Party C, or allow creation of any other Security Interest. 

  

	 	2.1.4	Absent prior written consent of Party A or the specific person, Party C shall not incur, inherit, guarantee or bear any debt except for (i) the debt is incurred
during the routine business instead of loan; and (ii) the debt has been disclosed to Party A and has obtained Party A’s written consent. 

  

	 	2.1.5	Party C shall operate its routine business to keep the value of its assets, and shall not result in any material influence on its business operation and the value of
its asset by acts or omissions. 

  

	 	2.1.6	 Absent prior written consent of Party A or the specific person, Party C shall not enter into any material agreement except for the

  
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purpose of routine business operation. (For the purpose of this provision, an agreement covering an amount in excess of RMB100,000 shall be deemed as a material agreement).

  

	 	2.1.7	Absent prior written consent of Party A or the specific person, Party C shall not provide any loan or credit to any third party. 

 

	 	2.1.8	Party C shall provide all materials relating to its operation and financial status to Party A upon Party A’s request. 

 

	 	2.1.9	Party C shall effect and maintain insurance from the insurance company acceptable to Party A. The amount and types of such insurance shall be the same with the alike
companies which operate the similar business and possess the similar assets with Party C in the same distraction. 

  

	 	2.1.10	Absent prior written consent of Party A or the specific person, Party C shall not merge with, combine with or purchase any entity or make investments to any entity.

  

	 	2.1.11	Party C shall promptly inform Party A of any existing or potential litigation, arbitration, or administrative procedure in relation to Party C’s assets, business
and revenue. 

  

	 	2.1.12	Party C shall make all necessary efforts to maintain the title to its assets, including but not limited to execute all necessary or proper documents, commence all
necessary or proper claims, or make all necessary or proper defences to all claims. 

  

	 	2.1.13	Absent prior written consent of Party A, Party C shall not distribute any dividend to any shareholder. Nevertheless, Party C shall immediately distribute all payable
dividends to the shareholders upon request of Party A or the specified person. 

  

	 	2.2	Party B hereby guarantees that: 

  

	 	2.2.1	Absent prior written consent of Party A or the specific person, Party B shall not sell, transfer, mortgage or dispose of any right or interest relating to the Equity
Interest, or allow any creation of other Security Interest on the Equity Interest. However the Security Interest accrued from this Agreement and the Equity Interest Pledge Agreement shall be excluded. 

 

	 	2.2.2	Party B shall promptly inform Party A of any existing or potential litigation, arbitration, or administrative procedure in relation to the Equity Interest.

  
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	 	2.2.3	Party B shall make all necessary efforts to maintain its title to the equity of Party C, including but not limited to execute all necessary or proper documents,
commence all necessary or proper claims, or make all necessary or proper defences to all claims. 

  

	 	2.2.4	Upon the request of Party A, Party B shall immediately transfer its Equity Interest to Party A or the Specified Person unconditionally at any time.

  

	 	2.2.5	Party B shall strictly comply with and duly perform this Agreement and any other agreements entered into by and between Party B, Party C, and Party A collectively or
respectively and shall not affect the validity and enforceability of such agreements by acts or omissions. 

  

	3.	Representations and Warranties 

  

	 	3.1	Party B and Party C hereby collectively and respectively represent and warrant to Party A that on and till the execution date of this Agreement and each and every
transfer day thereafter: 

  

	 	3.1.1	It has the authority and ability to enter into and duly perform this Agreement and each and every Equity Transfer Agreement executed thereafter by Party B or Party C
collectively or respectively. Such Agreements shall be legally and effectively binding on the parties thereof and shall be enforceable in accordance with the provisions thereof. 

 

	 	3.1.2	The execution, delivery and performance of this Agreement or any Equity Transfer Agreement thereafter shall not: (i) violate any PRC laws; (ii) conflict with
its Articles of Association or other organizational documents; (iii) breach any contract or document of which Party B and/or Party C is a party or which binds Party B and/or Party C; (iv) violate any acquired permit, approval or any valid
qualification thereof; or (v) result in the ceasing or revocation or additional conditions to the acquired permit or approval. 

  

	 	3.1.3	Party B retains full and transferable title to its assets and facilities and absent any security interest other than the security interest accrued in this Agreement and
the pledge set by the Equity Interests Pledge Agreement. 

  

	 	3.1.4	Party B or any person designated by Party B shall unconditionally transfer any funds obtained from Party C in full to Party A (including but not limited to dividends,
bonus, other rights, earnings and so forth distributed by Party C.) 

  
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	 	3.1.5	Prior to Party A’s lawful exercise of Purchase Right, Party B shall not request Party C to distribute any dividend, bonus and other right and earning and so forth
absent Party A’s permit. 

  

	 	3.1.6	Party C has no outstanding debt except for (i) the legal debt, which is incurred during its routine business operation instead of loan; (ii) the debt has been
disclosed to Party A and has obtained Party A’s written permit. 

  

	 	3.1.7	Party C shall comply with all applicable laws and regulations relating to equity transfer. 

 

	 	3.1.8	There is no existing, pending or potential litigation, arbitration, or administrative procedure in relation to the Equity Interest, assets of Party C and other matters
of Party C. 

  

	 	3.2	Party A hereby represents and warrants to Party B and Party C on the execution date of this Agreement and each transfer day thereafter: 

 

	 	(i)	Party A shall bear all operation risk and losses arising out from the daily operation of Party C, and shall be obligated to provide continual financial support to Party
C in the event that Party C requires to obtain funds support for business operation and to repay the debts on behalf of Party C; 

  

	 	(ii)	In the event that Party C fails to repay the funds provided by Party A due to Party C’s operation losses, Party A hereby agrees to forego the right to seek
repayment. 

  

	4.	Effective Date  

This Agreement shall take effect upon execution by the Parties (“Effective Date”), the term shall be twenty five
(25) years, and it may be extended by another twenty five (25) years if Party A so requires. 
  

	5.	Governing Law and Dispute Resolution 

  

	 	5.1	Governing Law 

 This Agreement
shall be governed by and construed in accordance with PRC laws. 
  

	 	5.2	Dispute Resolution 

 With
regards to any dispute in relation to the interpretation or implementation of this Agreement, the Parties shall negotiate friendly to settle the dispute. If it can not be settled within thirty (30) days from the date any party issuing written
notice requesting settlement of dispute 

  
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through negotiation, each party has the right to submit it to China International Economic and Trade Arbitration Committee for arbitration according to the valid arbitration rules. The
arbitration shall be held in Beijing. The arbitration award is final and binding on each party. 
  

	6.	Tax and Expenditures 

Each party shall bear its own tax, costs and expenditures relating to preparing for and executing this Agreement and Equity Transfer
Contract and relating to completing the contemplated deal. 
  

	7.	Notice 

 Any notice or
other communication under this Agreement shall be in Chinese and be sent to the address listed below or other address as may be designated from time to time by personal delivery or mail or facsimile. Any notice required or given hereunder shall be
deemed to have been served: (a) the same date if sent by personal delivery; (b) the tenth date from delivery (subject to the stamp) of a prepaid air-mail, or the fourth date from delivering to a professional delivery company acknowledged
worldwide if sent by mail; and (c) the receipt date recorded on the transmission confirmation notice if sent by facsimile. 

Party A: Yuanhong Fire Technology (HK) Ltd. 
 Address: Room 42, 4th Floor, New Henry House, 10 Ice House Street, Central, Hong Kong 
 Party B: Han Xueyuan 
 Address: Room 901 Gate 1, Building 7, Qingbo Yuan,
Shiji City, Haidian District, Beijing. 
 Party C: Fujian Province Baisha Fire Control Industrial Trading Co., Ltd.

 Address: Baisha Industrial Zone, Meilin, Nan’an City, Fujian Province. 

 

	8.	Confidentiality 

  

	 	8.1	 The Parties acknowledge and confirm that any oral or written information relating to this Agreement communicated among the Parties shall be deemed as
confidential information (“Confidential Information”). The Parties shall keep confidential of such Confidential Information and shall not disclose to any third party unless having obtained prior written consent from the other parties.
Nevertheless, Confidential Information shall not include information which (a) was at the date hereof or subsequently becomes public information (otherwise than disclosed by any party received such Confidential Information); (b) is
disclosed in accordance with applicable laws or regulations; or (c) the party who disclose any Confidential Information to its attorneys or financial advisors who need to access such information shall ensure that such attorneys or financial
advisors comply with this provision and keep confidential of such 

  
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information. The disclosure by the employee or agent of Each Party shall be deemed as disclosed by the party itself, and the party shall be liable of the breach. The Parties agree that the
provisions of this Article shall survive notwithstanding the termination of this Agreement. 

  

	9.	Further Assurance 

  

	 	9.1	The Parties agree that they will, without any hesitation, execute any necessary documents for the performance of this Agreement or any documents which are benefit for
the purpose of this Agreement, and will take all necessary actions for the purpose of this Agreement or take actions which are benefit for the purpose of this Agreement. 

 

	10.	Miscellaneous 

  

	 	10.1	Amendment and supplementation 

Any revision, amendment and supplementation of this Agreement shall be in writing and be executed by Each Party. 

 

	 	10.2	Compliance with laws and regulations 

 The Parties shall comply with all applicable PRC laws and regulations which have been formally issued and may be publicly acquired. 

 

	 	10.3	Entire agreement 

 Unless it is
otherwise revised, amended or supplemented after execution of this Agreement, this Agreement constitutes the entire agreement among the parties as to the subject matter, and supersedes any prior oral or written negotiations, statements or agreement
among the parties relating thereto. 
  

	 	10.4	Headings 

 Headings in this
Agreement are only set out for reading convenience, and shall not be used to interpret, explain or otherwise influence the meaning of the provisions of this Agreement. 
  

	 	10.5	Language 

 This Agreement is
made in Chinese and English in three originals. The Chinese version will prevail in the event of any inconsistency between the English and any Chinese translations thereof. 

 

	 	10.6	Severability 

 If any of the
terms of this Agreement is declared invalid, illegal or unenforceable in accordance with any applicable laws or regulations, the validity and enforceability of the other terms hereof shall nevertheless

  
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remain unaffected, and the Parties hereto agree to, through friendly negotiation, make valid terms to such invalid, illegal or unenforceable terms, and the economic results from such valid terms
shall be close to, as much as may be possible, the superseded invalid, illegal or enforceable terms. 
  

	 	10.7	Successor 

 This Agreement shall
bind the successor of each party or the transferee permitted by the other parties and shall be interpreted for its benefit. 
  

	 	10.8	Continue to be effective 

  

	 	10.8.1	Any duties occurred in relation to the Agreement before expiration or early termination of the Agreement shall continue to be effective after expiration or early
termination of the Agreement. 

  

	 	10.8.2	Articles 5, 7, 8 and 10.8 hereof shall survive notwithstanding the termination of this Agreement. 

 

	 	10.9	Waiver 

 Each party may waive
the terms and conditions under this Agreement in writing. Such waiver should be duly signed by the other parties. Any waive relating to the breach of the other party in certain circumstance shall not be deemed as that the waiver party has made
waiver to the other party for the same breach in other circumstances. 
 [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT
BLANK] 

  
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 This page is the signing page of this
Exclusive Equity Interest Purchase Agreement. IN WITNESS WHEREOF, the both Parties have its authorized representative executed this Agreement on the date first above written. 

Party A: Yuanhong Fire Technology (HK) Ltd. 

Authorized Representative (Signature): /s/ Zhuang Zhuge 

Party B: Han Xueyuan. 
  (Signature): /s/ Han Xueyuan 
 Party C: Fujian Province
Fire Control Industrial Trading Co., Ltd. 
  Legal Representative (Signature): /s/ Zhuang Zhuge

  
 10EXHIBIT 10.14

  
 Exhibit 10.14

 EQUITY INTEREST PLEDGE AGREEMENT 
  THIS EQUITY INTEREST PLEDGE AGREEMENT (“Agreement”) is entered into by and between the following parties on July 1, 2010. 

Pledgee: Beijing Yuanhong Dingsheng Fire Control Technology Co., Ltd (“Party A”) 

Registered Address: Room 5562, Level 5, No. 51 Zhichun Road, Haidian District, Beijing 
 Pledgor: Yang Miusi. (“Party B”) 
 Registered Address: No. 13 Gate 1, Building 7,
No. 65 Majiatian Road, East District, Panzhihua City, Sichuan Province 
 WHEREAS: 

 

	1.	Party A is a wholly foreign-owned enterprise duly established and valid existing under the PRC laws. Part A is permitted by the competent authority to conduct business
in the following categories: [BUSINESS SCOPE OF WFOE]. Party A and Fujian Province Baisha Fire Control Industrial Trading Co., Ltd. (“Baisha Fire Control”) owned by the Pledgor have entered into the Exclusive Technical
Consulting and Service Agreement on July 1, 2010 (the “Service Agreement”). 

   

	2.	The Pledgor, a citizen of the People’s Republic of China (the “PRC”), holds 5% equity interest of Baisha Fire Control, which is a limited
liability company duly established and valid existing in Beijing under the PRC laws. 

  

	3.	In order to ensure the technical consulting and service fee that Party A could collect from Baisha Fire Control, pursuant to the Service Agreement, the Pledgor is
willing to pledge all of its equity interest in Baisha Fire Control, to the Pledgee as a security for such technical consulting and service fees. 

 NOW THEREFORE, through mutual negotiations, the Parties hereto agree as follows: 

Article 1 Definitions 
 Unless otherwise
stipulated hereof, for the purpose of this Agreement, the following terms shall have the following meanings: 
  

	1.1	Pledge refers to the full meaning assigned to that term in Article 2 of this Agreement. 

 

	1.2	Equity Interest refers to the 10% equity interest (the “Equity Interest”) in Baisha Fire Control, lawfully held by the Pledgor.

  

	1.3	Rate of Pledge refers to the ratio between the value of the pledge under this Agreement and the technical consulting fees under the Service Agreement.

  
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	1.4	Term of Pledge refers to the period provided for under Article 3.2 hereunder. 

 

	1.5	Service Agreement refers to the Exclusive Technical Consulting and Service Agreement entered into by and between Baisha Fire Control and Party A on July 1, 2010.

   

	1.6	Default refers to any event enumerated in Article 7 hereof. 

  

	1.7	Notice of Default refers to the notice of default issued by the Pledgee in accordance with this Agreement. 

Article 2 Pledge 
  

	2.1	Party B agrees to pledge all its Equity Interest in Baisha Fire Control to the Pledgee as a guarantee for the technical consulting service fee payable to the Pledgee
under the Service Agreement. 

  

	2.2	Pledge right under this Agreement refers to the right owned by the Pledgee who shall be entitled to have priority in receiving payment or proceeds from the auction or
sale of the equity interest pledged by the Pledgor to the Pledgee. 

 Article 3 Rate of Pledge and Term of Pledge

  

	3.1	The Rate of Pledge: 

 The Rate of
Pledge shall be 100% under this Agreement. 
  

	3.2	The Term of Pledge 

  

	 	3.2.1	The Pledge of the Equity Interest under this Agreement shall take effect as of the date that the Pledge of the Equity Interest is recorded in the register of
shareholders of Baisha Fire Control. 

  

	 	3.2.2	During the Term of Pledge, the Pledgee shall be entitled to foreclose the Pledge in accordance with this Agreement in the event that Baisha Fire Control fails to pay
exclusive technical consulting and service fees in accordance with the Service Agreement. 

 Article 4 Possession of Pledge
Documents 
  

	4.1	During the Term of Pledge, the Pledgee shall be entitled to possess the contribution certificate of the Equity Interest (the “Contribution
Certificate”) and the register of shareholders of Baisha Fire Control. The Pledgor shall deliver the Contribution Certificate and the register of shareholders hereunder to the Pledgee within one week of the execution of this Agreement.

  

	4.2	The Pledgee shall be entitled to collect dividends of the Equity Interest. 

  
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 Article 5 Representations and
Warranties of Party B 
  

	5.1	Party B is the lawful holder of the Equity Interest. 

  

	5.2	The Pledgee shall not be interfered with by any third party at any time when the Pledgee exercising its rights in accordance with this Agreement.

  

	5.3	The Pledgee shall be entitled to exercise or assign the Pledge in accordance with this Agreement. 

 

	5.4	The Pledgor shall not pledge or encumber the Equity Interest to any third party except for the Pledgee. 

Article 6 Covenants of the Pledgor 
  

	6.1	During the term of this Agreement, the Pledgor covenants to the Pledgee that the Pledgor shall: 

 

	 	6.1.1	Except for the transfer of the Equity Interest to the Pledgee or the specified person designated by the Pledgee (“Specified Person”) as subject to the
Exclusive Equity Interest Purchase Agreement entered into by and among the Pledgor, Yuanhong Fire Technology (HK) Ltd. and Baisha Fire Control on July 1, 2010, not transfer or assign the Equity Interest, create or permit to be created any pledges
which may have an adverse affect on the rights or benefits of the Pledgee without prior written consent from the Pledgee. 

   

	 	6.1.2	Comply with and implement laws and regulation with respect to pledge of equity interest, Comply with the notices, orders or suggestions with respect to the Pledge
issued or made by the competent authority after receiving the same, or raise objection to such notices, orders or suggestions at the reasonable request or with the consent of the Pledgee. 

 

	 	6.1.3	Timely notify the Pledgee of any event or any notice which may affect the Pledgor’s Equity Interest or any part of its right, and any event or notice which may
alter or affect any of the Pledgor’s covenants and obligations hereunder. 

  

	6.2	The Pledgor agrees that the Pledgee’s right to exercise the Pledge obtained from this Agreement shall not be suspended or hampered through legal procedure by the
Pledgor, any successors of the Pledgor, any person authorized by the Pledgor or any other third party. 

  

	6.3	The Pledgor warrants to the Pledgee that in order to protect or perfect the security on the payments of the technical consulting and service fees under the Service
Agreement, the Pledgor shall execute in good faith and procure other parties who have interests in the Pledge to execute all title certificates, contracts upon the request of the pledgee, and/or perform and procure other parties who have interests
to take action as required by the Pledgee and provide access to exercise the rights and authorization vested in the Pledgee under this Agreement, and execute all the documents with respect to the alternations of certificate of the Equity Interest
with the Pledgee or the person (individual or legal entity) designated by the Pledgee, and provide all notices, orders and decisions deemed necessary by the Pledgee to the Pledgee within a reasonable time. 

  
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	6.4	The Pledgor warrants to the Pledgee that the Pledgor will comply with and perform all the guarantees, covenants, agreements, representations and conditions for the
benefits of the Pledgee, fail so performing, the Pledgor shall compensate all the losses therefore suffered by the Pledgee. 

Article 7 Default 
  

	7.1	The events enumerated below shall be deemed as default: 

  

	 	7.1.1	Baisha Fire Control fails to make full payments of the exclusive technical consulting and service fees as scheduled under the Service Agreement.

  

	 	7.1.2	The Pledgor makes any material misleading or fraudulent representations or warranties under Article 5 herein, and/or the Pledgor is in violation of any warranties under
Article 5 herein. 

  

	 	7.1.3	The Pledgor violates any covenant under Article 6 herein. 

  

	 	7.1.4	The Pledgor violates any term or condition herein. 

  

	 	7.1.5	The Pledgor waives the pledged Equity Interest or transfers or assigns the pledged Equity Interest without prior written consent of the Pledgee, except as provided in
Article 6.1.1 in this Agreement. 

  

	 	7.1.6	Any external loan, security, compensation, covenant or other compensation liabilities of the Pledgor’s (1) is required to be repaid or performed prior to the
due date due to default; or (2) is due but cannot be repaid or performed as scheduled and thereby cause the Pledgee to deem that the Pledgor’s capacity to perform the obligations herein is affected. 

 

	 	7.1.7	The Pledgor is incapable of repaying its general debt or other debt. 

  

	 	7.1.8	This Agreement becomes illegal or the Pledgor is incapable to continue to perform obligations herein for the reason of the promulgation of the related laws.

  

	 	7.1.9	Any approval, permit or authorization of the competent authority in associated with the enforcement and validity of this Agreement is withdrawn, suspended, invalidated
or materially revised. 

  

	 	7.1.10	The property of the Pledgor adversely changes and causes the Pledgee to deem that the capability of the Pledgor to perform the obligations herein is affected.

  

	 	7.1.11	The successors or assignees of Baisha Fire Control are only entitled to perform a portion of or refuse to perform the liability to pay under the Service Agreement.

  
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	 	7.1.12	Other circumstances whereby the Pledgee is incapable of exercising the right to foreclose on the Pledge in accordance with the related laws. 

 

	7.2	Party B should immediately notify Party A in writing of the occurrence of any event under Article 7.1 herein or any events that may result in the foregoing events upon
his knowledge. 

  

	7.3	Unless the Default under Article 7.1 herein has been remedied to the Pledgee’s satisfaction, the Pledgee, at any time when the Event of Default occurs or
thereafter, may issue a written notice of default to the Pledgor and require the Pledgor immediately make full payments of the outstanding service fees under the Service Agreement and other payables or foreclose on the Pledge in accordance with
Article 8 herein. 

 Article 8 Rights of the Pledgee 

 

	8.1	The Pledgor shall not transfer or assign the Equity Interest without prior written approval from the Pledgee prior to the full repayment of the consulting and service
fees under the Service Agreement. 

  

	8.2	The Pledgee shall serve the Notice of Default on the Pledgor when exercises the right of pledge. 

 

	8.3	The Pledgee may exercise the right to foreclose on the Pledge at any time when the Pledgee serves the Notice of Default pursuant to Article 7.3

  

	8.4	The Pledgee is entitled to have priority in receiving payments or proceeds from the auction or sale of whole or part of the Equity Interest pledged herein in accordance
with applicable law until the outstanding technical consulting and service fees and all other payables under the Service Agreement are repaid. 

  

	8.5	The Pledgor shall not hinder the Pledgee from foreclosing on the Pledge in accordance with this Agreement and shall provide necessary assistance for the foreclosure of
Pledge. 

 Article 9 Transfer or Assignment 

 

	9.1	The Pledgor shall not confer or transfer any right or obligation herein to any third party without the prior written consent of the Pledgee. 

 

	9.2	This Agreement shall be binding and enforceable on Pledgee and each of his successors and assignees. 

 

	9.3	The Pledgee may transfer or assign all or any of his rights and obligations under the Service Agreement to any person (individual or legal entity) designated by him at
any time. In this case, the assignee shall enjoy and undertake all rights and obligations herein of the Pledgee as if the assignee is a party hereto. Where the Pledgee transfers or assigns the rights and obligations under the Service Agreement, the
Pledgor shall execute the relevant agreements and/or documents with respect to such transfer or assignment at the request of the Pledgee. 

  
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	9.4	Where the Pledgee transfers or assigns the pledge to a third party, the new parties to the pledge shall re-execute a pledge contract. 

Article 10 Termination 
  

	10.1	This Agreement shall not be terminated until the consulting and service fees under the Service Agreement are paid in full and Baisha Fire Control no longer undertakes
any obligation under the Service Agreement. 

 Article 11 Formalities Fees and Other Expenses 

 

	11.1	The Pledgor shall be responsible for all the fees and actual expenditures in relation to this Agreement, including but not limited to legal fees, cost of production,
stamp tax and any other taxes and charges. If the Pledgee pays the relevant taxes and fees in accordance with laws, the Pledgor shall fully indemnity such taxes and fees paid by the Pledgee. 

 

	11.2	The Pledgor shall be responsible for all the fees (including but not limited to any taxes, formalities fees, management fees, litigation fees, attorney’s fees, and
various insurance premiums in connection with disposition of the Pledge) incurred by the Pledgor for the reason that the Pledgor fails to pay any payable taxes, fees or charges in accordance with this Agreement, or the Pledgee has recourse to any
forgoing taxes, charges or fees by any means for other reasons. 

 Article 12 Force Majeure 

 

	12.1	If the fulfilment of this Agreement is delayed or prevented due to the Force Majeure Events, the party affected by such a Force Majeure Event shall free from any
obligation to the extent of delay or holdback. Force Majeure refers to any event beyond control of the affected party and unavoidable with reasonable caution, which shall include but not limited to, government acts, nature disasters, fire,
explosion, typhoon, flood, earthquake, tidal wave, lightning or war. However, any lack of credit, assets or financing shall not be deemed as an event beyond control of a Party. The party claiming the Force Majeure and seeking a waiver of its
obligations hereunder shall promptly inform the other party of the Force Majeure and the procedure to fulfil its obligations hereunder. 

  

	12.2	If performance of this Agreement is delayed or prevented due to Force Majeure set forth in the preceding paragraph, the affected party shall not subject to any
liability hereunder arising from the performances so delayed or prevented. The affected party shall make reasonable effort to reduce or diminish the effect from such Event, and shall make reasonable efforts to resume its performance. Both parties
shall resume the performance with best effort upon elimination of such Event. 

 Article 13 Dispute Settlement 

 

	13.1	This Agreement shall be governed by and construed in all respects in accordance with the PRC laws. 

  
 6 

  

	13.2	The Parties shall strive to settle any dispute arising from the interpretation or performance, or in connection with this Agreement through friendly negotiation. In
case no settlement can be reached through negotiation, each Party can submit such matter to China International Economic and Trade Arbitration Committee for arbitration according to its currently effective arbitration rules. The arbitration shall be
held in Beijing. The arbitration proceedings shall be conducted in Chinese. The arbitration awards shall be final and binding upon the Parties. The arbitration awards may be submitted to the applicable People’s Court for enforcement.

 Article 14 Notices 
  

	14.1	Any notice to which is given by the both Parties hereto regarding the rights and obligations hereunder shall be in writing. Where such notice is delivered personally,
the time of notice is the time when such notice actually reaches the addressee; where such notice is transmitted by telex or facsimile, the notice time is the time when such notice is transmitted. If such notice does not reach the addressee on
business date or reaches the addressee after the business time, the next business day following such day is the date of notice. The delivery place is the address first written above of the Parties hereto or the address advised in writing including,
inter alias, facsimile and telex from time to time. 

 Article 15 Appendix 

 

	15.1	The register of the shareholders of Baisha Fire Control, Contribution Certificates of Baisha Fire Control and Exclusive Technical Consulting and Service
Agreement are incorporate in this Agreement by reference. 

 Article 16 Effectiveness

  

	16.1	This Agreement and any amendments, supplements and modifications of this Agreement shall be in writing, and come into effect upon being executed by the Parties thereto.

  

	16.2	This Agreement is executed both in Chinese and English with two copies for each language. The Chinese version shall prevail in the event of any inconsistency between
the English and any Chinese versions thereof. 

 [THIS SPACE IS INTENTIONALLY LEFT BLANK] 

  
 7 

  
 This page is the signing page of this
Equity Interest Pledge Agreement. 
 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first set forth
above written. 
 Party A: Beijing Yuanhong Dingsheng Fire Control Technology Co., Ltd 

Legal Representative (Signature): /s/ Zhuang Zhuge 
  Party B: Yang Miusi. 
 Legal Representative: (Signature): /s/ Yang Miusi 

  
 8 

  
 APPENDIX 

 

	1.	The register of the shareholders of Baisha Fire Control 

  

	2.	The Contribution Certificate of Baisha Fire Control 

  

	3.	The Exclusive Technical Consulting and Service Agreement. 

  
 9 

  
 REGISTER OF
SHAREHOLDERS 
  

																	
	 No.
	  	 TYPE OF
SHAREHOLDER
	  	 NAME
	  	 TYPE OF
IDENTITY
	  	 IDENTITY No.
	  	 ADDRESS
	  	PERCENTAGE
OF SHARES	 	PERCENTAGE
OF PLEDGED
SHARES	 	 NOTE

	 1
	  	Natural Person	  	ZHUANG, Zhuge	  	Identity Card	  	 350500195402
 15007X
	  	 No.175 LianHua,
 Linxia
Village, Jiuhu Town,
 Longhai, Fujian Province, PRC
	  	48%	 	48%	 	According to an EQUITY INTEREST PLEDGE AGREEMENT dated on July 1 2010, the shares are pledged to Beijing Yuanhong Dingsheng Fire Control Technology Co., Ltd.
									
	 2
	  	Natural Person	  	ZHUANG, Daqi	  	Identity Card	  	 350583198208
 190152
	  	 Room 602,
 No.5 Ximeishunli
Lane, Nanan, Fujian Province, PRC
	  	10%	 	10%	 	According to an EQUITY INTEREST PLEDGE AGREEMENT dated on July 1 2010, the shares are pledged to Beijing Yuanhong Dingsheng Fire Control Technology Co., Ltd.
									
	 3
	  	Natural Person	  	ZHUANG, Dali	  	Identity Card	  	 350583198507
 010158
	  	 Room 602,
 No.5 Ximeishunli
Lane, Nanan, Fujian Province, PRC
	  	10%	 	10%	 	According to an EQUITY INTEREST PLEDGE AGREEMENT dated on July 1 2010, the shares are pledged to Beijing Yuanhong Dingsheng Fire Control Technology Co.,
Ltd.

  
 10 

																	
	 4
	  	Natural Person	  	ZHUANG, Dasi	  	Identity Card	  	 350583198802
 010089
	  	 Room 602,
 No.5 Ximeishunli
Lane, Nanan, Fujian Province, PRC
	  	10%	 	10%	 	According to an EQUITY INTEREST PLEDGE AGREEMENT dated on July 1 2010, the shares are pledged to Beijing Yuanhong Dingsheng Fire Control Technology Co.,
Ltd.
									
	 5
	  	Natural Person	  	HUANG, Guozhen	  	Identity Card	  	 412827196310
 221511
	  	 Donghedian, Donghedian Village, Donghedian Town, Pingyu District,
 Henan Province, PRC
	  	2%	 	2%	 	According to an EQUITY INTEREST PLEDGE AGREEMENT dated on July 1 2010, the shares are pledged to Beijing Yuanhong Dingsheng Fire Control Technology Co., Ltd.
									
	 6
	  	Natural Person	  	HAN, Xueyuan	  	Identity Card	  	 622822197403
 270015
	  	Room 901, Unit 1,Flat 7, Qingbo Garden, Century City, Haidian District, Beijing, PRC	  	10%	 	10%	 	According to an EQUITY INTEREST PLEDGE AGREEMENT dated on July 1 2010, the shares are pledged to Beijing Yuanhong Dingsheng Fire Control Technology Co., Ltd.
									
	 7
	  	Natural Person	  	YANG, Miusi	  	Identity Card	  	 510402198207
 01142X
	  	 Room 13, Unit 1, Flat 7,
 No.65
Majiatian Road, East District, Panzhihua,
 Sichuan Province, PRC
	  	5%	 	5%	 	According to an EQUITY INTEREST PLEDGE AGREEMENT dated on July 1 2010, the shares are pledged to Beijing Yuanhong Dingsheng Fire Control Technology Co., Ltd.
									
	 8
	  	Natural Person	  	LIU, Bingjun	  	Identity Card	  	 110102196802
 203055
	  	 No.36B Dongtangzi Lane, Dongcheng District,
 Beijing, PRC
	  	5%	 	5%	 	According to an EQUITY INTEREST PLEDGE AGREEMENT dated on July 1 2010, the shares are pledged to Beijing Yuanhong Dingsheng Fire Control Technology Co.,
Ltd.

 Fujian Province Baisha Fire Control Industrial Trading Co., Ltd. 

  
 11 

  
 Capital Contribution
Certificate 
 FULL NAME OF COMPANY: 
 Fujian Province Baisha Fire Control Industrial Trading Co., Ltd. 
 ADDRESS: 

Meilin Town Baisha 
 REGISTERED CAPITAL:

 RMB 50,000,000 
 YANG Miusi,
the shareholder of the company, holds 5% equity interest of the company. The shareholder herein enjoys the rights of shareholder provided by the company’s articles of association. 
 This certificate comes into force since it is sealed by the company hereunder. 

Fujian Province Baisha Fire Control Industrial Trading Co., Ltd. 
 Issue Date: March 7, 2010 

  
 EXCLUSIVE TECHNICAL
CONSULTING AND SERVICE AGREEMENT 
 THIS EXCLUSIVE TECHNICAL CONSULTING AND SERVICE AGREEMENT (the
“Agreement”) is made and entered into as of Jan. 28, 2010, by and between the following parties: 
 Party A: Beijing
Yuanhong Dingsheng Fire Control Technology Co., Ltd 
 Registered Address: Room 5562, Level 5, No. 51 Zhichun Road, Haidian District, Beijing

 Party B: Fujian Province Baisha Fire Control Industrial Trading Co., Ltd. 
 Registered Address: Baisha Industrial Zone, Meilin, Nan’an City, Fujian Province, China 

WHEREAS, 
  

	1.	Party A, a wholly foreign-owned enterprise duly established and valid existing under the laws of the People’s Republic of China (the “PRC”), owns
resources to provide relevant technical consulting and services. 

  

	2.	Party B is a limited liability company duly established and valid existing under the PRC laws. Party A agrees to provide to Party B technology consulting and related
services, and Party B agrees to accept such services provided by Party A in accordance with this Agreement. 

 NOW THEREFORE,
through mutual negotiations, the Parties hereto agree as follows: 
  

	1.	Technical Consulting and Services, Sole and Exclusive Interests 

  

	 	1.1	During the term of this Agreement, Party A agrees to provide to Party B the technical consulting and services and other significant resources necessary for the
operation of Party B’s business in accordance with this Agreement, including but not limited to: 

  

	 	(1)	Provision of services of market study, business strategy, marketing consulting, technique training, data base marketing in the fields of sales of fire control
equipments, fire extinguishing system, sales of parts of fire control equipments and fire extinguishing system, and post-market services of fire control equipments and fire extinguishing system (setting up, testing, adjusting, provision of parts,
reparing and maintaining, etc.) and customers referral; 

  
 Page 1

	 	(2)	Provision of intellectual property (such as trademark, patent, know-how and so forth) which is solely owned by Party A and necessary for the operation and development
of Party B’s business; 

  

	 	(3)	Secondment to Party B of senior management personnel, senior technical personnel and marketing team who grasp abundant resources of fire control equipments and fire
extinguishing system and parts suppliers and maintain close relationship with those suppliers; 

  

	 	(4)	Human resource consulting; 

  

	 	(5)	Provision of Contacts for product purchase; 

  

	 	(6)	Legal issue consulting; 

  

	 	(7)	Finance consulting and support; 

  

	 	(8)	Investment consulting and management; 

  

	 	(9)	Consulting on designing and engineering of fire control equipments and fire extinguishing system; 

 

	 	(10)	Other consulting and services required by Party B in associate with the variation of market. 

 

	 	1.2	Party B hereby agrees to accept such technical consulting and services provided by Party A. Party B further agrees that, during the term of this Agreement, it shall not
accept the technical consultation and service provided by any third party other than Party A without the prior written consent of Party A. 

  

	 	1.3	Party A shall be the sole and exclusive owner of all right, title and interests and intellectual property rights arising from this Agreement (including but not limited
to, copyrights, patent, know-how, commercial secrets and so forth), regardless it is developed by Party A or by Party B based on Party A’s intellectual property right. 

 

	2.	Payments for the technical consultation and service (“Consulting Fees”) 

 

	 	2.1	Both parties agree that the Consulting Fees shall be paid per quarter in accordance with the consulting and service actually provided by Party A. Party A has the right,
solely at its discretion, to determine the amount of the Consulting Fees, and both parties agree to, at Party A’s discretion, amend or enter into supplementary agreement in respect of the provisions under this Agreement regarding Consulting
Fees. The Consulting Fees could be up to but not to exceed 100% of Party B’s quarterly profit. 

  

	 	2.2	Except for the Consulting Fees mentioned in the preceding paragraph, Party B agrees to reimburse Party A for all necessary expenses in relation to performing this
Agreement, including but not limited to, travelling expenses, service fees, and out-of-pocket expenses, etc. 

  

	 	2.3	Except for the Consulting Fees, Party B agrees to reimburse Party A the tax, customs and other expenditures (income tax is not included) paid by Party A in favour of
Party B in relation to this Agreement. 

  
 Page 2

  

	 	2.4	Party B shall maintain a separate bank account for the Consulting Fees under this Agreement. Party A is entitled to appoint its employees or PRC or international
accountants to review or audit the account books in relation to the consulting service from time to time. The fees payable to the accountant shall be paid by Party A itself. Party B shall provide to Party A’s employees or accountants any
convenience and assistance required and all documents, account books, records, materials and information deemed necessary by such persons The auditing report issued by Party A’s employee shall be final and conclusive unless Party B issues
written objection within seven (7) days after receiving such report. The report issued by the accountant shall be final and conclusive. Party A is entitled to serve written payment notice on Party B at any time after receiving the audit report
according to the consulting fee confirmed by the audit report. Party B shall pay within seven (7) days after receiving the notice. 

  

	 	2.5	All payment payable by Party B to Party A shall be after tax, bank handing charge or any other expenses. 

 

	3.	Representations and Warranties 

  

	 	3.1	Party A hereby represents and warrants as follows: 

  

	 	3.1.1	It has the authority to enter into and perform this Agreement in accordance with its Articles of Association and business scope, and has taken all necessary action to
get authorization, consent and approval from third party and/or competent government authorities, and will not conflict with any agreement or laws binding on it. 

 

	 	3.1.2	Upon execution, this Agreement shall constitute a legally binding document on Party A and shall be enforceable in accordance herewith. 

 

	 	3.2	Party B hereby represents and warrants as follows: 

  

	 	3.2.1	Party B is a company duly registered and valid existing under the law of the PRC, and is authorized to enter into this Agreement. 

 

	 	3.2.2	Party B has the authority to execute and perform this Agreement in accordance with its Articles of Association and its business scope, and has taken all necessary
action to obtain all consents and approval to execute and perform this Agreement, and will not conflict with any agreement or laws binding on it. 

  

	 	3.2.3	Upon execution, this Agreement shall constitute a legally binding document on Party A and shall be enforceable in accordance herewith. 

  
 Page 3

  

	4	Confidentiality 

  

	 	4.1	Party B agrees to make reasonable effort to protect and maintain the confidentiality of Party A’s confidential data and information acknowledged or received in the
exclusive technical consulting and service provided by Party A (“Confidential Information”). Party B shall not disclose, grant or transfer to any third party of such Confidential Information. Upon termination of this Agreement,
Party B shall, upon Party A’s request, return to Party A or destroy of any document, material or software contained any of such Confidential Information, and shall completely delete any of such Confidential Information from any memory device,
and shall not use or permit any third party to use such Confidential Information. 

  

	 	4.2	The both Parties agree that the provisions of this Article shall survive notwithstanding the alteration, revocation or termination of this Agreement.

  

	5	Indemnities 

  

	 	5.1	Party B shall indemnify Party A against any loss, damage, liability or expenses suffered by Party A as a result of or arising from any litigation, claim or compensation
request in other forms related to the consulting and service under this Agreement. 

  

	6	Effectiveness and Term of this Agreement 

  

	 	6.1	This Agreement shall be executed and come into effect as of the date first set forth above. The term of this Agreement shall be ten (10) years unless earlier
terminated as set forth in this Agreement or other written agreements entered into by the parties hereof. 

  

	 	6.2	This Agreement shall be terminated upon written confirmation from both Parties before termination. After the expiration of the aforementioned term, upon the request of
Party A, this agreement shall be automatically extended by another ten (10) years. 

  

	7	Termination of the Agreement 

  

	 	7.1	The Agreement shall be extended automatically upon the expiration of this Agreement unless it is terminated in accordance with this Agreement. 

 

	 	7.2	During the term of this Agreement, Party B may not terminate this Agreement except in the case of Party A’s gross negligence, fraud, or other illegal action or
bankruptcy of Party A. Notwithstanding the above, Party A may terminate this Agreement with issuing a written notice to Party B thirty (30) days in advance. 

 

	 	7.3	The rights and obligations of the both Parties under Article 4 and Article 5 of this Agreement shall survive after the termination of this Agreement.

  
 Page 4

  

	8	Dispute Settlement 

  

	 	8.1	With regards to any dispute in relation to the interpretation or implementation of this Agreement, the Parties shall negotiate friendly to settle the dispute. In case
no settlement can be reached through consultation, each Party can submit such matter to China International Economic and Trade Arbitration Committee for arbitration according to the current effective arbitration rules. The arbitration shall be held
in Beijing. The arbitration proceedings shall be conducted in Chinese. The arbitration award shall be final and binding on the Parties. 

  

	9	Force Majeure 

  

	 	9.1	Force Majeure Event (“Event”) refers to any event beyond control of the affected party and unavoidable with reasonable caution, which shall include but
not limit to, government acts, nature disasters, fire, explosion, typhoon, flood, earthquake, tidal wave, lightning or war. However, any lack of credit, assets or financing shall not be deemed as an event beyond control of a party. The party
claiming the Force Majeure and seeking a waiver of its obligations hereunder shall promptly inform the other party the Force Majeure and the procedure to fulfil its obligations hereunder. 

 

	 	9.2	If performance of this Agreement is delayed or prevented due to Force Majeure set forth in the preceding paragraph, the affected party shall not subject to any
liability hereunder arising from the obligations so delayed or prevented. The affected party shall make reasonable effort to reduce or diminish the effect from such Event, and shall make reasonable efforts to resume its performance. Both parties
shall resume the performance with best effort upon elimination of such Event. 

  

	10	Notices 

  

	 	10.1	Any notice by each Party regarding rights and obligations hereunder shall be in writing. Where such notice is delivered personally, the time of notice is the time when
such notice actually reaches the addressee; where such notice is transmitted by telex or facsimile, the notice time is the time when such notice is transmitted. If such notice does not reach the addressee on business date or reaches the addressee
after the business time, the next business day following such day is the date of notice. The delivery place is the address first written above of the Parties hereto or the address advised in writing including facsimile and telex from time to time.
“Writing” includes, inter alia, fax and telefax. 

  

	11	Assignment 

  

	 	11.1	Absent the prior written consent of Party A, Party B may not assign any right or obligation hereunder to any third party. 

  
 Page 5

  

	12	Severability 

  

	 	12.1	If any of the terms of this Agreement is invalid, illegal or unenforceable due to incompliance with laws, the validity and enforceability of the other terms hereof
shall nevertheless remain unaffected. 

  

	13	Amendments and Supplement 

  

	 	13.1	Any amendment and supplement of this Agreement shall be in writing and duly executed by the parties hereto, such amendment and supplement shall be deemed as a part of
this Agreement and shall be in full force and effect as this Agreement. 

  

	14	Governing Law and Languages 

  

	 	14.1	This Agreement shall be governed by and construed in accordance with the laws of the PRC. 

 

	 	14.2	This Agreement is executed both in Chinese and English. The Chinese version will prevail in the event of any inconsistency between the English and any Chinese version.

 [THIS SPACE IS INTENTIONALLY LEFT BLANK] 

  
 Page 6

  
 IN WITNESS WHEREOF, the both
Parties have its authorized representative executed this Agreement on the date first above written. 
 Party A: Beijing Yuanhong Dingsheng
Fire Control Technology Co., Ltd 
  Legal Representative (Signature): /s/ Zhuang Zhuge 

Party B: Fujian Province Baisha Fire Control Industrial Trading Co., Ltd 
  Legal Representative (Signature): /s/ Zhuang Zhuge 

  
 Page 7

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