Document:

EX-4.40

 Exhibit 4.40 

LOAN AGREEMENT 
 THIS AGREEMENT is made in
Shanghai, the People’s Republic of China (the “PRC”, and, for purpose of this Agreement, excluding Hong Kong Special Administrative Region, Macau Special Administrative Region and Taiwan) as of this 15th day of September, 2020 by and among: 
 Party A: Shanghai Manyin Information Technology Co., Ltd.

 Registered address: Building 6, No. 20, Lane 999, Dangui Road, China (Shanghai) Pilot Free Trade Zone 

Party B: 
 Name: XU Yining 

ID Card No.: *** 
 Residential address: *** 

Name: MIAO Fei 
 ID Card No.: *** 

Residential address: *** 
 WHEREAS: 

 

	(1)	 Party A is a wholly foreign-owned enterprise duly established and validly existing under the laws of the PRC;

  

	(2)	 Each of Party B is a PRC citizen, and each of XU Yining and MIAO Fei holds 50% of the equities of Chengdu
Yougao Information Technology Co., Ltd. (hereinafter referred to as “Chengdu Yougao”); 

  

	(3)	 Party A, Party B and Chengdu Yougao entered into an Exclusive Call Option Agreement on the 15th day of September, 2020 (the “Option Agreement”), and Party B will transfer their equity interests in Chengdu Yougao to Party A in circumstances then permitted by the PRC laws and
regulations; 

  

	(4)	 Party A, Party B and Chengdu Yougao Information Technology Co., Ltd. entered into an Exclusive Technology
Consulting and Service Framework Agreement and a Business Operation Agreement on the 15th day of September, 2020 and, on the same day, an Equity Pledge Agreement was executed by and among such parties (the “Equity Pledge
Agreement”), whereby Party B agreed to pledge all of their equity interests in Chengdu Yougao to Party A as security for the performance of obligations under the foresaid Exclusive Technology Consulting and Service Framework Agreement,
Business Operation Agreement, Option Agreement and this Agreement; and 

  
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	(5)	 Party B needs to borrow money from Party A for their contribution of registered capital to Chengdu Yougao, and
Party A agrees to provide Party B with a loan on terms and conditions of this Agreement. 

 NOW, THEREFORE, upon friendly consultation,
the Parties hereby agree as follows: 
 CHAPTER 1     LOAN 

 

	Article 1	 Purpose of the Loan 

Party B agrees that all loan proceeds received hereunder shall be solely used to pay capital contributions to Chengdu Yougao. Without Party
A’s prior written consent, Party B shall not use the loan proceeds for any other purpose. 
  

	Article 2	 Loan Amount: RMB 10,000,000 (Renminbi Ten Million Yuan). 

 

	Article 3	 Term of the Loan: the term of the loan shall commence on the execution date of this Agreement and expire on the
day when Party B has completed its obligations in a way specified in Article 9 hereof. 

  

	Article 4	 Prior to Party A’s advance of the loan to Party B, the following conditions must be satisfied:

  

	 	4.1	 Party A shall have received a written notice for advance of loan from Party B as set out in Article 5(1)
of this Agreement; 

  

	 	4.2	 at the same time of the execution of this Agreement, the Parties shall have entered into the Equity Pledge
Agreement, pursuant to which Party B agrees to pledge all of its equity interests in Chengdu Yougao to Party A as security for the performance of its obligations hereunder; 

 

	 	4.3	 Party A, Party B and Chengdu Yougao shall have entered into the Option Agreement, whereby Party B grants Party
A with an irrevocable option to purchase all equity interests of Party B in Chengdu Yougao at any time, to the extent permitted by the PRC law, within the valid term of the Option Agreement; 

 

	 	4.4	 the Equity Pledge Agreement and Option Agreement shall remain valid, none of the parties thereto is in any
material breach of the terms and conditions thereunder, all the necessary approvals, consents, authorizations and registrations required by such two agreements shall have been duly completed, and amendments to such agreements (if any) shall have
been confirmed by the parties thereto; 

  

	 	4.5	 all representations and warranties in Chapter 3 hereof shall remain true and accurate on the day when the
notice of advancing the loan is delivered to Party A and the advance date of the loan; and 

  
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	 	4.6	 no material breach of any terms and conditions of this Agreement has been committed by Party B.

  

	Article 5	 Advance of Loan Proceeds 

 

	 	5.1	 Upon execution of this Agreement, Party B may send a notice to Party A for advance of the loan either on one-time basis or, according to business needs of Chengdu Yougao, by stages. 

  

	 	5.2	 Party A shall, within ten (10) banking days, advance the sum specified in the loan advance notice to Party
B’s designated account on a lump-sum basis and by means permitted by laws and regulations, and deliver a scan document of remittance to Party B. 

CHAPTER 2     INTEREST RATE 
  

	Article 6	 For the purpose of supporting the business operation of Chengdu Yougao and in turn facilitate the development
of Party A, the interest rate of the loan shall be zero (0%). 

 CHAPTER 3     REPRESENTATIONS AND
WARRANTIES 
  

	Article 7	 Party A hereby represents and warrants to Party B that: 

 

	 	7.1	 Party A is a wholly foreign-owned enterprise duly established and validly existing under the laws of the PRC;

  

	 	7.2	 according to Party A’s articles of association and other constitutional documents, it has full right,
power and all necessary approvals and authority to execute and perform this Agreement; 

  

	 	7.3	 the execution and performance of this Agreement will not result in a violation or breach of any laws and
regulations applicable to Party A or any contractual restrictions by which Party A may be bound or affected; and 

  

	 	7.4	 this Agreement, after it comes into effect, shall constitutes the legal, valid and binding obligations of Party
A and be enforceable against Party A in accordance with its terms. 

  

	Article 8	 Party B hereby represents and warrants to Party A that: 

 

	 	8.1	 Chengdu Yougao is a limited liability company duly established and validly existing under the laws of the PRC,
and, among Party B, each of XU Yining and MIAO Fei holds 50% of the equities of Chengdu Yougao; 

  
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	 	8.2	 without Party A’s prior written consent, Party B shall not transfer or pledge any of its interests in
Chengdu Yougao to any third party; 

  

	 	8.3	 Party B has full rights, power and all necessary and appropriate approvals and authority to execute and perform
this Agreement; 

  

	 	8.4	 the execution and performance of this Agreement will not result in a violation or breach of any laws or
regulations applicable to Party B or any contractual restrictions by which Party B may be bound or affected; 

  

	 	8.5	 this Agreement, after it comes into effect, shall constitutes the legal, valid and binding obligations of Party
B and be enforceable against Party B in accordance with its terms; and 

  

	 	8.6	 as of the execution date of this Agreement, there is no pending or threatened legal or other proceedings
against Party B by or in any court, tribunal or other regulatory authority. 

 CHAPTER 4    
REPAYMENT 
  

	Article 9	 Method of Repayment 

  

	 	9.1	 The Parties agree and acknowledge that only the following methods of repayment will be taken by Party B and
accepted by Party A: to the extent permitted by the PRC laws and regulations then in effect, Party B shall, according to requirements specified in Party A’s written notice, transfer its equity interests in Chengdu Yougao to Party A on the terms
and conditions of the Option Agreement, and use the proceeds that it may receive from such equity transfer to repay the loan hereunder. 

  

	 	9.2	 The Parties agree and acknowledge that, if, with Party A’s consent, Party B transfers all or part of its
equity interests in Chengdu Yougao to any third party other than Party A, all the proceeds obtained by Party B from such transfer shall be paid to Party A in priority, irrespective of whether the amount of such proceeds is higher than the loan
amount hereunder. 

  

	 	9.3	 The Parties agree and acknowledge that, where Party B transfers its equity interests in Chengdu Yougao on terms
and conditions of the Option Agreement, if the actual price for such equity transfer is higher than the loan amount hereunder due to requirements of the PRC laws and regulations then applicable or any other reasons, the portion of such transfer
price exceeding the principal amount of the loan hereunder shall, to the extent permitted by laws, be deemed as occupation cost and paid to Party A along with the principle amount of the loan. 

  
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	Article 10	 Early Repayment 

If Party A or its designated assignee is able to lawfully purchase all equities of Chengdu Yougao owned by Party B in accordance with laws and
Party A selects to exercise its right to accept the transfer of all equities of Chengdu Yougao pursuant to the terms of the Option Agreement, Party B shall repay the loan, irrespective of whether the loan is mature or not. 

CHAPTER 5     SECURITY 
  

	Article 11	 Party B pledges all of its equity interests in Chengdu Yougao as security for its obligations hereunder. If
Party B fails to repay the loan to Party A when it becomes due, Party A shall have the right to dispose such pledged equities in accordance with the provisions of laws and regulations. 

 

	Article 12	 Party B undertakes that it will repay the loan in the manner specified in Article 9 hereof.

  

	Article 13	 Within the term of this Agreement, Party A undertakes that it will not initiatively request Party B to repay
the loan in advance and will release the pledge on the equity of Chengdu Yougao upon full repayment of the loan by Party B pursuant to Clause 9 above. 

CHAPTER 6     CONFIDENTIALITY 
  

	Article 14	 Confidentiality 

The Parties acknowledge and confirm that any oral or written information exchanged between them in connection with this Agreement is
confidential information. The Parties shall protect and maintain the confidentiality of all such confidential data and information, and not disclose them to any third party without the other parties written consent, except for data and information
which (a) is in the public domain, is subsequently released, or becomes generally available to the public, without disclosure by the receiving Party, (b) is required to be disclosed pursuant to relevant laws or regulations, and (c) is
required to be disclosed to the legal or financial advisors of a Party who are also bound by confidentiality obligations similar to those under this Article. Any improper disclosure of confidential data or information by any legal or financial
advisor of a Party shall be deemed as an improper disclosure by such Party, and such Party shall be liable for breach of this Agreement. 

  
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 CHAPTER 7     DEFAULT AND DAMAGES 

 

	Article 15	 Within the term of this Agreement, any of the following events shall be deemed as a breach of agreement by
Party A: 

  

	 	15.1	 Party A disposes the equities pledged by Party B without Party B’s authorization within the term of this
Agreement; 

  

	 	15.2	 Party A fails to transfer corresponding loan proceeds into Party B’s designated account within ten
(10) banking days upon receipt of the notice of advancing loan from Party B; or 

  

	 	15.3	 without Party B’s consent, Party A requests Party B to make any early repayment of the loan except as
specified in Article 10 hereof. 

  

	Article 16	 Within the term of this Agreement, any of the following events shall be deemed as a breach of agreement by
Party B: 

  

	 	16.1	 during the term of this Agreement, Party B disposes the equities already pledged to Party A without Party
A’s consent; or 

  

	 	16.2	 upon expiration of this Agreement, Party B is unable to repay the loan through the method specified in
Article 9. 

  

	Article 17	 Termination and Liability for Breach of Agreement 

A breach of any provisions of this Agreement by a Party shall constitute a breach of this Agreement. The breaching Party shall fully and
adequately indemnify the non-breaching Party. The non-breaching Party shall have the right to decide whether to continue the performance of or terminate this Agreement.

  

	Article 18	 Dispute Resolution 

If any dispute between the Parties cannot be resolved through negotiation, either Party may submit the dispute to Shanghai International
Economic and Trade Arbitration Commission for settlement through arbitration in accordance with its arbitration rules then in effect. The arbitration shall be conducted in Shanghai, and the arbitration proceeding shall be in Chinese. The arbitration
award shall be final and binding upon the Parties. 
  

	Article 19	 This Agreement shall be governed by and construed in accordance with the laws of the PRC.

  

	Article 20	 The invalidity or unenforceability of any provision of this Agreement shall not affect the validity and
enforceability of any other provisions of this Agreement 

  
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	Article 21	 This Agreement shall be executed in three originals, and each Party hold one original hereof.

 (THE REMAINDER OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK) 

  
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 (Signature Page) 

Party A: Shanghai Manyin Information Technology Co., Ltd. (official seal) 

Legal/Authorized representative: /s/ GU Yafen 
 Title:
                             

Party B: 
  

	
	XU Yining (signature)
	 /s/ XU Yining

	
	MIAO Feign (signature)
	 /s/ MIAO Fei

  
 8EX-4.41

 Exhibit 4.41 

EQUITY PLEDGE AGREEMENT 
 THIS EQUITY
PLEDGE AGREEMENT (the “Agreement”) is made as of the 15th day of September, 2020 in Pudong New Area, Shanghai, the People’s Republic of China (hereinafter referred to as the
“PRC”) by and among the following parties: 
 Party A: Shanghai Manyin Information Technology Co., Ltd. 

Registered address: Building 6, No. 20, Lane 999, Dangui Road, China (Shanghai) Pilot Free Trade Zone 

Legal representative: GU Yafen 
 (hereinafter referred to as the
“Pledgee”) 
 Party B (each a “Pledgor” and together the “Pledgors”): 

Name: XU Yining 
 ID Card No.: *** 

Residential address: *** 
 Name: MIAO Fei 

ID Card No.: *** 
 Residential address: *** 

Party C: Chengdu Yougao Information Technology Co., Ltd. 

Registered address: No. 5, Floor 3, Building 1, Lane 7 Yongfeng Road, High-Tech Area, Chengdu 

Legal representative: XU Yining 
 (Party A, Party B and Party C
are hereinafter collectively referred to as the “Parties” and individually a “Party”.) 
 WHEREAS: 

 

	(1)	 Party A is a wholly foreign-owned enterprise duly established and validly existing within the PRC;

  

	(2)	 Party C is a limited liability company duly established and validly existing within the PRC;

  

	(3)	 The Pledgors own equity interests in Party C and the ratio of their respective equity interest in Party C is as
follows: each of XU Yining and MIAO Fei respectively holds 50% equity interest in Party C; 

  

	(4)	 For the purpose of establishing and developing Party C, the Pledgors entered into a Loan Agreement with Party A
on the 15th day of September, 2020 to borrow an aggregate sum of RMB10,000,000 (Ten Million Renminbi Yuan) from Party A for contribution of their committed capital to Party C (hereinafter referred
to as the “Loan”); 

  
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	(5)	 Party A, Party C and the Pledgors entered into an Exclusive Call Option Agreement on the 15th day of September, 2020 (the “Option Agreement”); 

  

	(6)	 Party A, Party C and the Pledgors entered into a Business Operation Agreement on the 15th day of September, 2020, and Party A and Party C executed an Exclusive Technology Consulting and Service Framework Agreement on the 15th day of
September, 2020; and 

  

	(7)	 In order to secure repayments under the Loan Agreement, ensure Party A may receive service fee from Party C
under the Exclusive Technology Consulting and Service Framework Agreement, and to assure the performance by the Pledgors and Party C of their respective obligations under the Option Agreement and Business Operation Agreement (the
“Contractual Obligations”), the Pledgors pledge all of their equity interests in Party C as security for the performance of the foresaid Contractual Obligations in favor of Party A. 

NOW, THEREFORE, on basis of friendly consultation and principles of equality and mutual benefit, the Parties hereby agree as follows: 

 

	1.	 Definition 

Unless otherwise specified in this Agreement, the following terms shall have the following meanings: 

 

	1.1	 “Pledge” refers to all contents set out in Clause 2 of this Agreement; 

 

	1.2	 “Equity” means the 100% equity interests lawfully held by the Pledgors in Party C, and any and
all existing and future rights and interests in or to such equity interests; 

  

	1.3	 “Transaction Agreements” mean, collectively, the Loan Agreement dated 15th day of September, 2020 between the Pledgors and Party A, the Option Agreement dated 15th day of September, 2020 between the Pledgors and Party C,
the Exclusive Technology Consulting and Service Framework Agreement dated 15th day of September, 2020 between Party A and Party C, and the Business Operation Agreement dated 15th day of September, 2020 among Party A, Party C and the Pledgors; 

  

	1.4	 “Default Event” means any of the events set out in Clause 7 of this Agreement; and

  

	1.5	 “Default Notice” means any notice sent by Party A pursuant to this Agreement claiming a
Default Event. 

  

	2.	 Pledge 

  

	2.1	 The Pledgors pledge all the Equity in Party C owned by them to Party A as security for Party A’s rights
and interests under the Transaction Agreements. 

  
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	2.2	 The scope of security covered by the pledge of Equity hereunder shall include all fees (including legal fees),
costs, losses, interests, liquidated damages, indemnities, and costs or expenses for enforcement of any creditor’s right, to be paid or assumed by Party C and/or the Pledgors to Party A under the Transaction Agreements, as well as any
liabilities of Party C and the Pledgors to Party A in the event that all or any part of the Transaction Agreements is invalid due to any reason. 

  

	2.3	 The Pledge under this Agreement shall mean Party A’s priority right to receive preferential repayment from
any amount derived from disposition, auction or sale of the Equities pledged to Party A by the Pledgors. 

  

	2.4	 Unless otherwise expressly agreed by Party A in writing, after this Agreement comes into force, the Pledge
contemplated hereunder may not be released unless and until Party C and the Pledgors have duly performed all of their obligations under the Agreements and Party A recognizes such complete performance in writing. If Party C or the Pledgors fail to
fully perform all or any part of their obligations or duties hereunder by the end of the respective given periods specified in the Transaction Agreements, Party A shall remain entitled to the Pledge hereunder until such obligations and duties have
been fully performed in a way reasonably satisfactory to Party A. 

  

	3.	 Effectiveness and Term 

 

	3.1	 This Agreement shall come into effect on the day when it signed by the Parties and affixed with their
respective official seals. The Pledge shall be created and become effective on the day when the registration of the Equity pledge with the administration of industry and commerce having jurisdiction over Party C is completed. 

 

	3.2	 During the period of the Equity Pledge, if Party C fails to pay the service fee under the Exclusive Technology
Consulting and Service Framework Agreement, or if Party C and/or the Pledgors fail to pay any costs or expenses to Party A on terms of the Transaction Agreements, or if Party C and/or the Pledgors fail to perform any of the Contractual Obligations
under the Transaction Agreements, Party A shall have the right to exercise the Pledge in accordance with terms of this Agreement upon reasonable notices. 

  

	4.	 Possession and Custody of the Pledge Certificate 

 

	4.1	 The Pledgors shall, within ten (10) business days from the execution date of this Agreement or at any
earlier time mutually agreed by the Parties, deliver their capital contribution certificate (original copy) of Party C into Party A’s custody, provide Party A with the proof evidencing that the Pledge hereunder has been duly registered in Party
C’s register of shareholders, and effect all approval, registration and filing procedures required by laws and regulations of the PRC, and deliver the certificate evidencing the registration of the Pledge with competent administration of
industry and commerce. Please refer to exhibits of this Agreement for forms of the capital contribution certificate and shareholders’ register of Party C. 

  
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	4.2	 If any change of registration is required by law due to change of any recorded matter of the Pledge, Party A,
Party B and Party C shall, within five (5) business days following the change of such recorded matter, make registration change in respect thereof and submit documents in connection with such registration change. 

 

	4.3	 Without Party A’s prior written consent, the Pledgors shall instruct Party C not to distribute any
dividend or bonus during the pledge of Equity. 

  

	4.4	 As long as the Equity is under pledge, if a Pledgor subscribes for any new registered capital of Party C or
acquires any Equity of Party C held by another Pledgor (the “Additional Equity”), such Additional Equity shall automatically become the Equity pledged hereunder, and the Pledgors shall complete all procedures required to create
Pledge over the Additional Equity within ten (10) business days from their acquisition of such Additional Equity. If the Pledgors fail to complete relevant procedures as specified in the preceding sentence, Party A may immediately enforce the
Pledge pursuant to Clause 8 of this Agreement. 

  

	5.	 Representations and Warranties of the Pledgors 

At the time of executing this Agreement, the Pledgors represent and warrant to the Pledgee the following and acknowledge that Party A’s
execution and performance of this Agreement is in reliance on such representations and warranties: 
  

	5.1	 the Pledgors lawfully own the Equity hereunder and have the right to pledge the Equity for the benefit of Party
A as security; 

  

	5.2	 no claim or intervention will be made by any other party against Party A at any time once Party A is entitled
to exercise its rights or enforce the Pledge pursuant to this Agreement; 

  

	5.3	 Party A has the right to enforce the Pledge in a way specified by the laws, regulations and this Agreement;

  

	5.4	 each of the Pledgors has obtained all corporate authorization or approvals necessary for its execution and
performance of this Agreement, and such execution and performance does not violate the provisions of any applicable laws, regulations and articles of association; 

 

	5.5	 the Equity held by the Pledgors is free from any other encumbrance or any third-party security interest of any
form (including but not limited to pledge); 

  

	5.6	 there is no pending or threatened civil, administrative or criminal litigation, administrative penalty or
arbitration in connection with the Equity; 

  

	5.7	 no tax, fee or expense in connection with the Equity is due but remains unpaid, or no required legal procedures
or formalities remain uncompleted in respect of the Equity; and 

  

	5.8	 the terms of this Agreement represent the true intention of the Pledgors and are legally binding upon them.

  
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	6.	 Undertakings of the Pledgors 

 

	6.1	 During the existence of this Agreement, the Pledgors undertake to Party A that the Pledgors shall:

  

	 	6.1.1	 without Party A’s prior written consent, not transfer the Equity (except for the transfer of Equity to
Party A or its designated person at the request of Party A), or create or allow the existence of any other encumbrance or any type of third-party security interest which may affect Party A’s rights and interests; 

 

	 	6.1.2	 comply with and implement all applicable laws and regulations, and, upon receipt of any notice, instruction or
advice from any competent regulatory authority in respect of the Pledge, present such notice, instruction or advice to Party A within five (5) business days and act in accordance with Party A’s reasonable instruction; and

  

	 	6.1.3	 promptly notify Party A of (i) any event that may affect the Equity or any portion thereof, or the
Pledgors’ performance of any of their obligations, representations, warranties or undertakings hereunder, or (ii) the Pledgors’ receipt of any notice in relation thereto, and shall act in accordance with Party A’s reasonable
instruction; 

  

	6.2	 The Pledgors agree that Party A’s enforcement of the Pledge pursuant to this Agreement shall not be
interrupted or interfered with by the Pledgors, their successors or authorized persons, or any other person. 

  

	6.3	 The Pledgors warrant to Party A that, in order to protect or perfect the security for performance of the
payment/repayment obligations and other obligations of the Pledgors and/or Party C under the Transaction Agreements, the Pledgors shall cause Party C to make all necessary amendments to its articles of association (if applicable), execute in good
faith and cause any other party interested in the Pledge to execute all such title certificates and agreements as may be requested by Party A, and/or take and cause such other interested party to take all actions requested by Party A, facilitate
Party A’s exercise of the Pledge, execute all documents in connection with change of the share certificate with Party A or any third party designated by it, and provide Party A with all documents in relation to the Pledge as Party A may deem
necessary within a reasonable period of time. 

  

	6.4	 In the event of a transfer of any Equity arising from Party A’s exercise of the Pledge pursuant to Clause
8 hereof, the Pledgors hereby jointly and severally undertake to waive their respective preemptive right / right of first refusal thereon. 

  

	6.5	 The Pledgors warrant to Party A that, for the benefits of Party A, the Pledgors shall comply with and perform
all of their warranties, undertakings, agreements and representations. If the Pledgors fail to perform or fully perform their warranties, undertakings, agreements or representations, the Pledgors shall indemnify Party A against all losses suffered
by Party A as a result thereof. 

  
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	7.	 Default Event 

 

	7.1	 A Default Event shall be deemed to have occurred if: 

 

	 	7.1.1	 any of Party C, the Pledgors, or their respective successor or assignee, fails to perform any of its
obligations under the Loan Agreement, Option Agreement, Business Operation Agreement and/or Excusive Technology Consulting and Service Framework Agreement; 

  

	 	7.1.2	 any of the representations, warranties or undertakings made by the Pledgors under Clauses 5 and 6 hereof is
materially misleading or erroneous, and/or there is any other breach of the representations, warranties or undertakings made in Clauses 5 and 6 hereof; 

  

	 	7.1.3	 the Pledgors materially breach any term of this Agreement; 

 

	 	7.1.4	 Other than specified in Clause 6.1.1 of this Agreement, the Pledgors renounce, transfer or dispose of the
pledged Equity without Party A’s written consent; 

  

	 	7.1.5	 the Pledgors are required to repay or perform in advance, or unable to repay or perform on time, any of their
loans, security, indemnifications, undertakings or other liabilities due to a breach or default, which gives rise to Party A’s reasonable belief that the Pledgors’ ability to perform their obligations hereunder has been affected and thus
Party A’s interests are affected accordingly; 

  

	 	7.1.6	 the Pledgors are unable to repay general debt or other liabilities, which in turn affects Party A’s
interests; 

  

	 	7.1.7	 this Agreement becomes illegal or the Pledgors are unable to continue to perform their obligations hereunder
due to promulgation of any applicable law; 

  

	 	7.1.8	 any governmental consent, permit, approval or authorization necessary for the enforceability, legality or
validity of this Agreement is revoked, suspended, expired or materially changed; 

  

	 	7.1.9	 Party A believes the Pledgors’ ability to perform their obligations hereunder has been affected due to any
adverse change to the properties owned by the Pledgors; or 

  

	 	7.1.10	 other circumstances where Party A is unable to exercise or dispose of the Pledge pursuant to applicable laws.

  

	7.2	 If the Pledgors is or becomes aware of the occurrence of any event described under Clause 7.1 or any
circumstance which may give rise to an event described under Clause 7.1, the Pledgors shall immediately notify Party A thereof in writing. 

  
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	7.3	 Unless a Default Event set out in Clause 7.1 has been resolved in a way satisfactory to Party A, Party A may
deliver a written Default Notice to the Pledgors upon or at any time after occurrence of the Default Event, requesting the Pledgors to repay the Loan immediately, or enforce the Pledge in accordance with Clause 8 hereof. 

 

	8.	 Enforcement of the Pledge 

 

	8.1	 If Party A enforces the Pledge due to the Pledgors’ breach of agreement, Party A shall send a Default
Notice to the Pledgors. 

  

	8.2	 Subject to Clause 7.3, Party A may enforce the Pledge at any time after sending the Default Notice in
accordance with Clause 7.3. 

  

	8.3	 The Pledgee shall be entitled to preferential repayment from any amount derived from the disposal, auction or
sale of all or any part of the Equity pursuant to statutory procedures until the Pledgors has repaid the Loan in full and fully paid all debts, fees, liabilities, unpaid service fees and all other payable sums involved in the Contractual Obligations
under the Transaction Agreements. 

  

	8.4	 When Party A enforces the Pledge in accordance with this Agreement, the Pledgors shall not impose any obstacle
and shall provide necessary support to enable Party A to enforce the Pledge. 

  

	9.	 Assignment 

  

	9.1	 Without Party A’s prior written consent, the Pledgors shall not assign any of their rights and/or
obligations hereunder to any third party. 

  

	9.2	 This Agreement shall bind upon the Pledgors and their successors and inure to Party A and its successor or
assignee. 

  

	9.3	 Party A may at any time assign all or any of its rights and obligations hereunder to any third party designated
by it, in which case the assignee shall have Party A’s rights and obligations hereunder. When Party A assigns its rights and obligations this Agreement, at the request of Party A, the Pledgors shall execute relevant agreements and/or documents
in respect of such assignment. 

  

	9.4	 If the pledgee is changed due to such assignment, the parties to the new pledge shall enter into a new pledge
agreement and the Pledgors shall be responsible to effect all relevant registration procedures. 

  

	10.	 Handling Charges and Other Expenses 

 

	10.1	 All costs and actual expenses in connection with this Agreement, including but not limited to legal fee, cost
of production, stamp duty and any other tax and expenses, shall be equally borne by Party A and the Pledgors. 

  
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	11.	 Force Majeure 

 

	11.1	 If the performance of this Agreement is delayed or hindered by a Force Majeure Event, only with respect to the
performance so delayed or hindered thereby, the Party affected by the Force Majeure Event shall be excused from any liability hereunder in respect thereof. A “Force Majeure Event” means any event that is beyond the reasonable control of a
Party and cannot be avoided even with the reasonable care of the affected Party, including but not limited to any government act, acts of God, fire, explosion, geographic change, storm, flood, earthquake, tide, lightning or war; provided, however,
that any insufficiency of credit, capital or financing shall not be deemed as an event beyond the reasonable control of a Party. A Party seeking exemption from its obligations under this Agreement or any term of this Agreement by virtue of a Force
Majeure Event shall as soon as possible notify the other Parties of such exemption event as well as the steps to be taken for completion of its performance. 

  

	11.2	 The Party affected by a Force Majeure Event shall not be responsible for any liability hereunder, provided,
however, that the affected Party shall not be excused from its liability unless and until it has made every possible efforts to perform the Agreement and such exemption shall be limited to the extent where the performance of relevant obligations is
delayed or prevented by the Force Majeure Event. Once the cause for such exemption of liability is cured or remedied, the Parties hereto agree to make their best efforts to resume the performance of this Agreement. 

 

	12.	 Governing Law and Dispute Resolution 

 

	12.1	 The execution, validity, performance and interpretation of this Agreement and the resolution of dispute arising
therefrom or in connection therewith shall be governed by and construed in accordance with the laws of the PRC. 

  

	12.2	 In the case of any dispute arising among the Parties in respect of the interpretation or performance of this
Agreement, the Parties shall resolve such dispute through friendly negotiation. If no agreement can be reached through such negotiation, any Party may submit the dispute to Shanghai International Economic and Trade Arbitration Commission for
arbitration in accordance with its arbitration rules then in effect. The arbitration shall be conducted in Shanghai and the arbitration proceeding shall be in Chinese. The arbitration award shall be final and binding on the Parties.

  

	12.3	 Except for the matters in dispute, the Parties shall continue to perform their respective obligations hereunder
in good faith pursuant to terms of this Agreement. 

  

	13.	 Notice 

  

	13.1	 Any and all notices given by the Parties for exercise of their rights and performance of

  
 8 

	 	
their obligations hereunder shall be made in writing and shall be delivered by person or sent by registered mail, postage-prepaid mail, recognized courier service or facsimile to the following
addresses of relevant Party or Parties: 

 If to Party A: 

Shanghai Manyin Information Technology Co., Ltd. 

Domicile: Building 6, No. 20, Lane 999, Dangui Road, 

China (Shanghai) Pilot Free Trade Zone 

If to Party B: 
 XU
Yining 
 Address: *** 
 MIAO
Fei 
 Address: *** 
 If to
Party C: 
 Chengdu Yougao Information Technology Co., Ltd. 

Domicile: No. 5, Floor 3, Building 1, Lane 7 Yongfeng Road, High-Tech Area, 

Chengdu 
  

	13.2	 A notice and other correspondence shall be deemed to have been duly served: 

 

	 	13.2.1	 on the date shown on the transmission report if sent by facsimile, or on the next business day if the facsimile
arrives later than 5:00 pm or on a non-business day of the place of arrival; 

  

	 	13.2.2	 if sent by personal delivery (including courier service), on the day when the receipt thereof has been duly
signed for; 

  

	 	13.2.3	 on the fifteenth (15th) day after the date shown on the
acknowledgement of receipt if sent by a registered mail. 

  

	14.	 Exhibits 

The exhibits attached hereto shall be an integral part of this Agreement. 

 

	15.	 Waiver 

Any failure to exercise or delay in exercising any right, remedy, power or privilege hereunder by Party A shall not be deemed as a waiver
thereof, nor shall any specific or partial exercise of any right, remedy, power or privilege by Party A preclude Party A’s exercise of any other rights, remedies, powers or privileges. The rights, remedies, powers and privileges set out
hereunder are cumulative and shall not preclude any right, remedy, power and privilege applicable under any laws. 

  
 9 

	16.	 Miscellaneous 

 

	16.1	 No amendment, supplement or variation of this Agreement shall be effective unless it is made in writing and has
been signed and sealed (if applicable) by the Parties. 

  

	16.2	 The Parties hereby acknowledge that this Agreement is a fair and reasonable agreement entered into by and among
them on basis of equality and mutual benefit. If any term of this Agreement becomes invalid or unenforceable due to violation of any applicable laws, such term shall be invalid or unenforceable only to the extent governed by such laws, and the
validity and enforceability of other terms of this Agreement shall not be affected. 

  

	16.3	 Party B undertakes that, irrespective of any change that may occur to the ratio of their respective equity
interests in Party C, the terms of this Agreement shall remain legally binding upon Party B and apply to all equity interests then held by them in Party C. 

 

	16.4	 This Agreement is made in Chinese and shall be executed in six (4) counterparts. Party A, Party B and
Party C shall respectively hold one counterpart, four counterparts and one counterpart of this Agreement. 

 (THE
REMAINDER OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK) 

  
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 IN WITNESS WHEREOF, the Parties have cause their respective duly authorized representatives to sign
this Agreement as of the date first above written. 
 Party A: Shanghai Manyin Information Technology Co., Ltd. (official seal) 

Legal/Authorized representative: /s/ GU Yafen 
 Title:
                         

Party B: 
  

	
	XU Yining (signature)
	 /s/ XU Yining

	
	MIAO Fei (signature)
	 /s/ MIAO Fei

 Party C: Chengdu Yougao Information Technology Co., Ltd. (official seal) 

Legal/Authorized representative: /s/ XU Yining 

  
 11 

 EXHIBIT 1    REGISTER OF SHAREHOLDERS 

REGISTER OF SHAREHOLDERS 

OF 
 CHENGDU YOUGAO
INFORMATION TECHNOLOGY CO., LTD. 
 Shareholders of the Company: 
  

											
	 Shareholder Name
	  	 ID Card No.
	  	 Address
	  	 Capital Contribution
	  	 Contribution
Percentage
	  	 Remark

	 XU Yining
	  	***	  	***	  	RMB 5 million	  	50%	  	***
	 MIAO Fei
	  	***	  	***	  	RMB 5 million	  	50%	  	***

 This is to certify that XU Yining, a shareholder of the Company, has pledged 50% equity of the Company to Shanghai Manyin
Information Technology Co., Ltd. 
 This is to certify that MIAO Fei, a shareholder of the Company, has pledged 50% equity of the Company to Shanghai Manyin
Information Technology Co., Ltd. 

  
 12 

 (Signature Page of the Register of Shareholders of Chengdu Yougao Information Technology ) 

Chengdu Yougao Information Technology Co., Ltd. 

(official seal) 
 Company Seal 

XU Yining 
 (seal/signature) 

	
	 /s/ XU Yining

 MIAO Fei 
 (seal/signature) 

	
	 /s/ MIAO Fei

 Dated this [    ] day of [            ],
[    ] 

  
 13 

 EXHIBIT 2    CAPITAL CONTRIBUTION CERTIFICATE 

CAPITAL CONTRIBUTION CERTIFICATE 

OF 
 CHENGDU YOUGAO
INFORMATIONTECHNOLOGY CO., LTD.] 
 Company name: Chengdu Yougao Information Technology Co., Ltd.; 

Incorporated on: December 26, 2019 
 Registered capital:
RMB 10 million; 
 Name of shareholder(s): [*]; 
 Capital
contributed by shareholders: [*]; 
 Capital contribution method: [*]; 

Contributed on: [date]; 
 Official seal: 

Issued on this [*] day of [*], [*] 

  
 14

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