Document:

Exhibit 4.14

 

English Translations
for Reference

 

Share PURCHASE
AGREEMENT

 

This Share Purchase
Agreement (this “Agreement”), dated as of January 20, 2019 is by and between Step Tall Limited, a company organized
under the laws of British Virgin Islands (the “Purchaser”), representing employees of Fanhua Inc, and Fanhua
Inc., a company organized under the laws of the Cayman Islands (the “Company”). The Purchaser and the Company
are sometimes herein referred to each as a “Party,” and collectively as the “Parties.”

 

W I T N E S S E T H:

 

WHEREAS, the Company
and the Purchaser desire to provide for the issuance, sale and purchase of certain number of ordinary shares of the Company, par
value US$0.001 per share (the “Ordinary Shares”), as set forth in Section 1.1, on the terms and conditions set
forth in this Agreement;

 

WHEREAS, the Company
and the Purchaser desire to make certain representations, warranties, covenants and agreements in connection with the issuance,
sale and purchase and related transactions contemplated by this Agreement.

 

NOW, THEREFORE, in
consideration of the foregoing and the mutual representations, warranties, covenants and agreements herein contained, and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound,
the Company and the Purchaser agree as follows:

 

ARTICLE
I

 

PURCHASE AND SALE

 

Section 1.1 Issuance,
Sale and Purchase of Shares. Subject to the terms and conditions of this Agreement, and in reliance upon the representations
and warranties set forth herein, the Company agrees to issue, sell and deliver to the Purchaser, and the Purchaser agrees to purchase
from the Company, on the Closing Date (as defined below), up to 40,000,000 of the Ordinary Shares (the “Purchase Shares”).

 

Section 1.2 Purchase
Price. The consideration payable by the Purchaser to the Company with respect to each Purchase Share shall be US$1.276 per
Ordinary Share (the “Per Share Purchase Price,” and the aggregate amount of consideration to be paid by the
Purchaser hereunder, the “Purchase Price”).

 

Section 1.3 Closing.

 

(a) Upon
the terms and subject to the conditions of this Agreement, the closing (“Closing”) of the purchase and sale
of the Purchase Shares shall be held on February 20, 2019, or any other date and time that is agreed upon in writing by the Company
and the Purchaser (the “Closing Date”). At the Closing, the Purchaser shall, by wire transfer of immediately
available funds to an account designated by the Company in writing, pay to the Company the portion of Purchase Price it receives
from the employees of the Company pursuant to the Employee Subscription Mechanism (as defined below), and the Company shall cause
the Register of Members of the Company be updated to reflect the Purchase Shares being issued to the Purchaser. To the extent that
the Purchase Price is not fully paid up by the Purchaser at the Closing, any outstanding payment can be made within ten (10) years
of the Closing; provided that, the Company shall cause the portion of the Purchase Shares for which the purchase price has not
been paid be recorded as “unpaid shares” on the Company’s Register of Members.

 

     

     

    

 

Section 1.4 Closing
Conditions.

 

(a) Conditions
of the Purchaser for the Closing. The obligation of the Purchaser to purchase and pay for the Purchase Shares as contemplated
by this Agreement is subject to the satisfaction, on or before the Closing Date, of the following conditions, any of which may
be waived by the Purchaser in its sole discretion:

 

(i) All
corporate and other actions required to be taken by the Company in connection with the issuance and sale of the Purchase Shares
shall have been completed.

 

(ii) The
representations and warranties of the Company contained in Section 2.1 of this Agreement shall have been true and correct
in all material respects on the date of this Agreement and on and as of the Closing Date and there shall have been no Material
Adverse Effect with respect to the Company since the date hereof. The Company shall have performed and complied in all material
respects with all, and not be in breach or default in any material respect under any, agreements, covenants, conditions and obligations
contained in this Agreement that are required to be performed or complied with on or before the Closing Date. As used herein, “Material
Adverse Effect” shall mean any event, fact, circumstance or occurrence that, individually or in the aggregate with any
other events, facts, circumstances or occurrences, results in or would reasonably be expected to result in a material adverse change
in or a material adverse effect on any of (i) the legality validity or enforceability of this Agreement, (ii) the financial condition,
assets, liabilities, results of operations, business, or operations of the Company taken as a whole, or (iii) the ability of the
Company to consummate the transactions contemplated by this Agreement and to timely perform its material obligations under this
Agreement.

 

(iii) No
governmental authority of competent jurisdiction shall have enacted, issued, promulgated, enforced or entered any law (whether
temporary, preliminary or permanent) that is in effect and restrains, enjoins, prevents, prohibits, imposes any damages or penalties
that are substantial in relation to the Company, or otherwise makes illegal the consummation of the transactions contemplated by
this Agreement; and no action, suit, proceeding or investigation shall have been instituted by a governmental authority of competent
jurisdiction or threatened that seeks to restrain, enjoin, prevent, prohibit, impose any damages or penalties that are substantial
in relation to the Company, or otherwise makes illegal the consummation of the transactions contemplated by this Agreement.

 

(b) Conditions
of the Company. The obligation of the Company to issue and sell the Purchase Shares to be sold to and purchased by the Purchaser
as contemplated by this Agreement are subject to the satisfaction, on or before the Closing Date, of each of the following conditions,
any of which may be waived in writing by the Company in its sole discretion:

 

(i) All
corporate and other actions required to be taken by the Purchaser in connection with the purchase of the Purchase Shares shall
have been completed.

 

(ii) The
representations and warranties of the Purchaser contained in Section 2.2 of this Agreement shall have been true and correct
in all material respects on the date of this Agreement and on and as of the Closing Date; and the Purchaser shall have performed
and complied in all material respects with all, and not be in breach or default in any material respect under any, agreements,
covenants, conditions and obligations contained in this Agreement that are required to be performed or complied with on or before
the Closing Date.

 

(iii) No
governmental authority of competent jurisdiction shall have enacted, issued, promulgated, enforced or entered any law (whether
temporary, preliminary or permanent) that is in effect and restrains, enjoins, prevents, prohibits, imposes any damages or penalties
that are substantial in relation to the Purchaser, or otherwise makes illegal the consummation of the transactions contemplated
by this Agreement; and no action, suit, proceeding or investigation shall have been instituted by a governmental authority of competent
jurisdiction or threatened that seeks to restrain, enjoin, prevent, prohibit, impose any damages or penalties that are substantial
in relation to the Purchaser, or otherwise makes illegal the consummation of the transactions contemplated by this Agreement.

 

(iv) The
Purchaser shall have entered into a binding agreement, contract or other form of arrangement (the “Employee Subscription
Mechanism”) with interested employees of the Company pursuant to which such employees of the Company will be entitled
to the Purchase Shares or the economic interests thereof (by way of direct purchase, subscription, trust arrangement or other form
of grant) by payment to the Purchaser in an amount equal to the Per Share Purchase Price with respect to each Purchase Share, and
the Purchaser shall have provided the Company with the number of the Purchase Shares it intends to purchase at Closing, which number
shall equal to such number of the Purchase Shares or interest thereof that all the employees electing to participate in the Employee
Subscription Mechanism have agreed to subscribe for at Closing.

 

    2

     

    

 

ARTICLE
II

 

REPRESENTATIONS AND WARRANTIES

 

Section 2.1 Representations
and Warranties of the Company. The Company hereby represents and warrants to the Purchaser, as of the date hereof and as of
the Closing Date, as follows:

 

(a) Organization
and Authority.

 

(i) The
Company is an entity duly incorporated or otherwise organized, validly existing and in good standing under the laws of the jurisdiction
of its incorporation, with the requisite power and authority to own and use its properties and assets and to carry on its business
in all material respects as is currently conducted. The Company is not in material violation or default of any of the provisions
of its M&A. The Company has all requisite power and authority to carry on its business as it is currently being conducted.

 

(ii) The
Company has all necessary corporate power and authority to enter into this Agreement and to perform its obligations hereunder.
The execution and delivery by the Company of this Agreement and the performance of its obligations hereunder have been duly authorized
by all requisite action on the part of the Company and its board of directors. This Agreement has been (or upon delivery will have
been duly executed by the Company and, when executed by the Purchaser and delivered in accordance with the terms hereof will constitute
the valid and legally binding obligations of the Company, enforceable in accordance with its respective terms and conditions, except
(i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting
enforcement of creditors’ rights generally, and (ii) as limited by laws relating to the availability of specific performance,
injunctive relief, or other equitable remedies.

 

(b) Due
Issuance of the Purchase Shares. The Purchase Shares, when issued, sold and delivered in accordance with the terms of this
Agreement, will be duly authorized and validly issued. The Purchase Shares, when issued, shall be free and clear of any encumbrance,
except for encumbrance arising under, or restrictions set forth in the Company’s M&A or those arising under the Securities
Laws. “Securities Laws” means the United States Securities Act of 1933, as amended, the Securities and Exchange
Act of 1934, as amended, the listing rules of, or any listing agreement with the Nasdaq Global Market and any other applicable
law regulating securities or takeover matters.

 

(c) Noncontravention.
Neither the execution and the delivery of this Agreement, nor the consummation of the transactions contemplated hereby, will (i)
violate any provision of the M&A of the Company or violate any constitution, statute, regulation, rule, injunction, judgment,
order, decree, ruling, charge, or other restriction of any government, governmental entity or court to which the Company is subject,
or (iii) conflict with or result in a material violation of any law, rule, regulation, order, judgment, injunction, decree or other
restriction of any court or governmental authority to which the Company is subject (including foreign, federal and state securities
laws and regulations), or by which any property or asset of the Company is bound or affected. There is no action, suit or proceeding,
pending or threatened against the Company that questions the validity of this Agreement or the right of the Company to enter into
this Agreement or to consummate the transactions contemplated hereby or thereby.

 

(d) No
Directed Selling Efforts. Neither the Company nor any person acting on behalf of the Company has engaged in any “directed
selling efforts” (as such term is defined in Regulation S) in connection with the offer and sale of the Purchase Shares to
the Purchaser. The Company has offered the Purchase Shares for sale only to the Purchaser and such offers and sales have occurred
outside the United States in an “offshore transaction” (as defined in Regulation S).

 

(e) No
Other Representations and Warranties. The Company has not made any representation or warranty, expressed or implied, as to
the Company or its business, or the accuracy or completeness of any information regarding the Company or its business furnished
or made available to the Purchaser and its representatives, except as expressly set forth in this Articles II of this Agreement.

 

    3

     

    

 

Section 2.2 Representations
and Warranties of the Purchaser. The Purchaser hereby represents and warrants to the Company as of the date hereof and as of
the Closing Date, as follows:

 

(a) Organization
and Authority.

 

(i) The
Purchaser is an entity duly incorporated or otherwise organized, validly existing and in good standing under the laws of the jurisdiction
of its incorporation, with the requisite power and authority to own and use its properties and assets and to carry on its business
in all material respects as is currently conducted. The Purchaser is not in material violation or default of any of the provisions
of its certificate or articles of incorporation, bylaws or other organizational or charter documents. The Purchaser has all requisite
power and authority to carry on its business as it is currently being conducted.

 

(ii) The
Purchaser has all necessary corporate power and authority to enter into this Agreement and to perform its obligations hereunder.
The execution and delivery by the Purchaser of this Agreement and the performance of its obligations hereunder have been duly authorized
by all requisite action on the part of the Purchaser and its board of directors. This Agreement has been (or upon delivery will
have been duly executed by the Purchaser and, when executed by the Company and delivered in accordance with the terms hereof will
constitute the valid and legally binding obligations of the Purchaser, enforceable in accordance with its respective terms and
conditions, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application
affecting enforcement of creditors’ rights generally, and (ii) as limited by laws relating to the availability of specific
performance, injunctive relief, or other equitable remedies.

 

(b) Noncontravention.
Neither the execution and the delivery of this Agreement, nor the consummation of the transactions contemplated hereby, will (i)
violate any provision of the memorandum and articles of association, bylaws or other constitutional documents of the Purchaser
or violate any constitution, statute, regulation, rule, injunction, judgment, order, decree, ruling, charge, or other restriction
of any government, governmental entity or court to which the Purchaser is subject, or (iii) conflict with or result in a material
violation of any law, rule, regulation, order, judgment, injunction, decree or other restriction of any court or governmental authority
to which the Purchaser is subject (including foreign, federal and state securities laws and regulations), or by which any property
or asset of the Purchaser is bound or affected. There is no action, suit or proceeding, pending or threatened against the Purchaser
that questions the validity of this Agreement or the right of the Purchaser to enter into this Agreement or to consummate the transactions
contemplated hereby or thereby.

 

(c) Status
and Investment Intent.

 

(i) Not
U.S. person. The Purchaser is not a “U.S. person” (as such term is defined in Regulation S) and is not purchasing
the Purchase Shares for the account or benefit of a “U.S. person;” the Purchaser shall have received confirmation from
each of the employees who elects to participate in the Employee Subscription Mechanism that such employee is not a “U.S.
person” and is not subscribing for the Purchase Shares or interest thereof for the account or benefit to a “U.S. person;”
the Purchaser is purchasing the Purchase Shares in an “offshore transaction” (as such term is defined in Regulation
S).

 

(ii) Distribution
Compliance Period. The Purchaser acknowledges that all offers and sales of the Purchase Shares before the end of the “distribution
compliance period” (as such term is defined in Regulation S) be made only in accordance with Regulation S, pursuant to registration
of the securities under the Securities Act or pursuant to an exemption therefrom.

 

(iii) Restrictive
Legend. The Purchaser understands that the Purchase Shares will bear a legend or other restriction substantially to the following
effect:

 

“THE SECURITIES REPRESENTED
BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). NO
SALE, PLEDGE, HYPOTHECATION, TRANSFER OR OTHER DISPOSITION OF THESE SECURITIES MAY BE MADE UNLESS EITHER (A) PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR (B) PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF
THE SECURITIES ACT.”

 

    4

     

    

 

(d) No
Other Representations and Warranties. The Purchaser has not relied on any representation or warranty from the Company in determining
to enter into this Agreement, except as expressly set forth in Articles II of this Agreement.

 

ARTICLE
III

 

COVENANTS

 

Section 3.1 Lock-Up.
The Purchaser agrees that it will not, without the prior written consent of the Company, (i) offer, pledge, sell, contract to sell,
sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant for the sale
of, lend or otherwise dispose of or transfer any of the Purchase Shares or (ii) enter into any swap or any other agreement or any
transaction that transfers, in whole or in part, directly or indirectly, the economic consequence of ownership of any of the Purchase
Shares prior to the date 180 days after the Closing Date, except to an affiliate of the Purchaser that shall be bound by this Agreement
as if such affiliate were a party.

 

Section 3.2 Further
Assurances. From the date of this Agreement until the earlier of the Closing Date or the termination of this Agreement in accordance
with Section 4.1, the Parties shall use their best efforts to fulfill or obtain the fulfillment of the conditions precedent
to the consummation of the transactions contemplated hereby. 

 

ARTICLE
IV

 

MISCELLANEOUS

 

Section 4.1 Termination.
This Agreement may be terminated, and the transactions contemplated hereby may be abandoned at any time prior to Closing by mutual
agreement of the Parties. Nothing in this Section 4.1 shall be deemed to release any Party from any liability for any breach
of this Agreement prior to the effective date of such termination and after the effective date of this Article IV.

 

Section 4.2 Governing
Law. This Agreement shall be governed and interpreted in accordance with the laws of the State of New York without giving effect
to the conflicts of law principles thereof.

 

Section 4.3 Dispute
Resolution. Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement,
or the interpretation, performance breach, termination, validity or invalidity thereof, shall be referred to arbitration upon the
demand of anyParty to the dispute with notice (the “Arbitration Notice”) to the other Parties.

 

(a) The
Dispute shall be settled in Hong Kong in a proceeding conducted in English by one (1) arbitrator from the Hong Kong International
Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered
Arbitration Rules (the “HKIAC Rules”) in force when the Arbitration Notice is submitted in accordance with the
HKIAC Rules.

 

(b) Each
party to the arbitration shall cooperate with each other party to the arbitration in making full disclosure of and providing complete
access to all information and documents reasonably requested by such other party in connection with such arbitral proceedings,
subject only to any confidentiality obligations binding on such party.

 

(c) The
award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing party may apply to a court
of competent jurisdiction for enforcement of such award.

 

(d) During
the course of the arbitral tribunal’s adjudication of the Dispute, this Agreement shall continue to be performed except with respect
to the part in dispute and under adjudication.

 

Section 4.4 Amendment.
This Agreement shall not be amended, changed or modified, except by another agreement in writing executed by the Parties hereto.

 

    5

     

    

 

Section 4.5 Binding
Effect. This Agreement shall inure to the benefit of, and be binding upon, each of the Company and the Purchaser and their
respective heirs, successors and permitted assigns and legal representatives.

 

Section 4.6 Assignment.
Neither this Agreement nor any of the rights, duties or obligations hereunder may be assigned by the Company or the Purchaser without
the express written consent of the other Parties. Any purported assignment in violation of the foregoing sentence shall be null
and void.

 

Section 4.7 Notices.
All notices, requests, demands, and other communications under this Agreement shall be in writing and shall be deemed to have been
duly given on the date of actual delivery if delivered personally to the Party or Parties to whom notice is to be given, on the
date sent if sent by telecopier, tested telex or prepaid telegram, on the next business day following delivery if sent by courier
or on the day of attempted delivery by postal service if mailed by registered or certified mail, return receipt requested, postage
paid, and properly addressed as follows:

 

	 	
        If to Purchaser,
at:
	
        27/F, Pearl River Tower

        No. 15 West Zhujiang
        Road, Tianhe District

        Guangzhou, Guangdong
        510623

        People’s Republic
        of China

        Attn: Ms Zhuojun Feng

         

	 	If to the Company, at:	
        27/F, Pearl River Tower

        No. 15 West Zhujiang
        Road, Tianhe District

        Guangzhou, Guangdong
        510623

        People’s Republic
        of China

        Attn: Mr Chunlin Wang

        

 

Any Party may change
its address for purposes of this Section 4.7 by giving the other Parties hereto written notice of the new address in the
manner set forth above.

 

Section 4.8 Entire
Agreement. This Agreement constitutes the entire understanding and agreement between the Parties hereto with respect to the
matters covered hereby, and all prior agreements and understandings, oral or in writing, if any, between the Parties with respect
to the matters covered hereby are merged and superseded by this Agreement.

 

Section 4.9 Severability.
If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal,
void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full
force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use their commercially
reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated
by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention of the parties that
they would have executed the remaining terms, provisions, covenants and restrictions without including any of such that may be
hereafter declared invalid, illegal, void or unenforceable.

 

Section 4.10 Public
Announcements. None of the Parties to this Agreement shall make, or cause to be made, any press release or public announcement
in respect of this Agreement or the transactions contemplated by this Agreement or otherwise communicate with any news media without
the prior written consent of the Company.

 

Section 4.11 Headings.
The headings of the various articles and sections of this Agreement are inserted merely for the purpose of convenience and do not
expressly or by implication limit, define or extend the specific terms of the section so designated.

 

Section 4.12 Execution
in Counterparts. For the convenience of the Parties and to facilitate execution, this Agreement may be executed in one or more
counterparts, each of which shall be deemed to be an original, but all of which together shall constitute but one and the same
instrument.

 

[Signature page follows.]

 

    6

     

    

 

IN WITNESS WHEREOF,
the Parties have caused this Share Purchase Agreement to be executed as of the day and year first above written.

 

	 	Fanhua Inc	 
	 	 	 	 
	 	By:  	         
	 		 Name: 	 
	 		 Title:  	 
	 	 	 	 
	 	Step Tall Limited	 
	 	 	 	 
	 	By:  	 
	 		 Name:  	 
	 		Title: 	 

 

 

7Exhibit 4.15

 

English
Translations for Reference

 

FORM
OF LOAN AGREEMENT

 

This
Loan Agreement (this “Agreement”) is entered into by the following three parties as of _________.

 

Party
A: CISG Holdings Ltd., a limited liability company organized under the laws of British Virgin Islands.

 

Party
B:  __________, a citizen of the People's Republic
of China, with ID number _________.

 

Party
C: Fanhua Employees Holdings Limited, a limited
liability company organized under the laws of British Virgin Islands.

 

Treasure
Chariot Limited, a limited liability company organized under the laws of British Virgin Islands.

 

Step
Tall Limited, a limited liability company organized under the laws of British Virgin Islands.

 

The
Company: Fanhua Inc. (the “Company” or “Fanhua”),
a limited liability company organized under the laws of the Cayman Islands, and listed on the NASDAQ Global Select Market (Nasdaq:
FANH).

 

WHEREAS:

 

	1.	Party
    B is a regular employee of Party A or its subsidiaries.

 

	2.	Party
    B intends to subscribe for _______ ordinary shares (the “Shares”) of Fanhua at a price of US$29.0 per American
    Depositary Receipt (“ADR”, one ADR representing 20 ordinary shares), for a total of US$______ (the “Subscription
    Price”). Party B entrusts Party C to subscribe and hold the shares on his or her behalf;

 

	3.	To
    fund the share subscription, Party B desires to apply for a loan from Party A, and pledges the Shares and uses his or her
    personal financial interests in the Company including but not limited to his or her personal remuneration and other stocks
    of the Company that he or she holds as guarantees. Party B hereby authorizes Party C to implement the relevant provisions
    under this Agreement.

 

NOW
THEREFORE, after friendly negotiations, all parties hereby agree as follows for mutual observance:

 

	1.	Party
    B and Party C shall determine the following matters regarding the entrustment of the share subscription and the holding of
    the Shares.

 

	 	1.1	Party
    C subscribes, registers and holds the Shares in its own name, and participates in the corresponding activities of the Company
    as a shareholder of Fanhua Inc., and exercises the voting rights of the Shares;

 

	 	1.2	Party
    B is entitled to the beneficial economic benefits of the Shares, including dividends, interests and other related rights and
    interests. Party C shall transfer, handle and pay such beneficial economic benefits to Party B in accordance with the instructions
    given by Party B from time to time. Except with prior written consent of Party B, Party C shall not pledge the Shares or cause
    any other security interest to be created on the Shares, offer to transfer such Shares to any third party, make any commitment
    about the offer of any third party to acquire the shares, or execute any agreement to transfer the shares with any third party.

 

	2.	Party
    A agrees to provide Party B with a loan in an aggregate principle amount of______, representing 90% of the Subscription Price.
    The annual interest rate is 8% and the interests shall be calculated based on the actual borrowing period. Party A will directly
    transfer the loan to the account designated by Party C for the purpose of subscribing for the Shares under the instruction
    of Party B.

 

    1 / 4

     

    

 

	3.	Party
    B agrees to accept the above loan and acknowledges that:

 

	 	3.1	Party
    B shall pledge the Shares and provide his or her other personal assets including but not limited to his or her personal remuneration
    and other shares of the Company that he or she holds as guarantee to secure the loan under this Agreement, and authorize Party
    C to execute relevant provisions in accordance with the terms and conditions of this Agreement;

 

	 	3.2	During
    the loan period, all cash dividends derived from the Shares will be paid directly by Party C into the bank account designated
    by Party A for the purpose of repaying the interest and principal of the loan.

 

	4.	Party
    B unconditionally agrees:

 

	 	4.1	During
    the period from 2019 to 2023, Party B shall not dispose of the Shares, including but not limited to sell the shares on the
    open market or transfer to any individual(s) designated by Party A, without prior written consent of Party A.

 

	 	4.2	During
    the period from 2019 to 2023, if Party B resigns from or is dismissed by the Company or its affiliates, dies or disappears,
    Party B or his or her heir(s) may instruct Party C to dispose of the Shares by selling the Shares on the open market or transferring
    the Shares to any individual(s) designated by Party A. The proceeds from the disposition of the Shares shall be used to repay
    the principal and interest of the loan in connection with the Shares under this Agreement. If the proceeds from the disposition
    of the Shares are insufficient to repay the principal and interest of the Loan under this Agreement in full, the loan shall
    be claimed in accordance with the manners specified in Article 10 of this Agreement; if there is any remaining amount after
    repaying the principal and interest of the Loan, the remaining proceeds shall be used in the following order of priority:
    i) to repay Party B his or her own contribution for the purchase of the Shares; ii) to pay Party B the interests on his or
    her own contribution at an interest rate of up to 8% per annum; iii) to pay Party B the amount calculated as 50% of the remaining
    proceeds after deducting i) and ii) multiplied by the percentage of the performance goals that he or she achieves; and iv)
    to pay the remainder to Party A.

 

	5.	Party
    C agrees to implement relevant provisions of this Agreement to ensure the interests of Party A and Party B.

 

	6.	The
    Parties unanimously acknowledge that the loan provided by Party A to Party B under this Agreement shall be solely used for
    the purchase of the Shares.

 

	7.	The
    maturity date of the loan under this Agreement is December 31, 2023 or the disposition date of the Shares, whichever comes
    first, and may be extended with the written consent of Party A and Party B. Party B may repay the principal and interest of
    the loan on or before the due date. The remaining amount of the loan principal and interest shall be repaid in lum sum, upon
    expiration of the period during which Party B guarantees to achieve certain performance targets (the “Performance
    Period”).

 

	8.	During
    the term of the loan or during the extended loan period, if Party B has any of the following circumstances, Party B shall
    agree unconditionally that Party C has the right to dispose of the Shares in accordance with Party A's instruction and that
    all proceeds shall be used to repay the principal and interest of the loan under this Agreement. Party A shall have the right
    to confiscate Party B's own capital contribution and all proceeds (if any). If the proceeds are insufficient to repay the
    loan principal and interest under this Agreement, claim of the loan shall be made in accordance with Article 10 of this Agreement:

 

	 	8.1	Party
    B makes sales misrepresentation, engages in illegal fundraising, sells products on behalf of other companies, forges Company’s
    official seals without permission or engages in any activities in violation of laws and regulations;

 

	 	8.2	Party
    B engages in criminal activities or gets involved in criminal activities.

 

    2 / 4

     

    

 

	9.	The
    Parties agree and acknowledge that Party B shall repay the loan in the following single or joint manner(s): (1) before the
    loan is due, Party B (or his or her successor) shall repay the loan by transferring cash into the bank account designated
    by Party A; (2) after the Performance Period and before the loan is due, Party B (or his or her heir(s)) shall instruct Party
    C to sell the Shares in accordance with Article 5 of this Agreement, and use the proceeds to repay the principal and interests
    of the loan under this Agreement; (3) when the loan is due, Party B shall unconditionally agree that Party C shall dispose
    of the Shares in accordance with Party A's instruction, including but not limited to sell or transfer to any other third party
    designated by Party A, and use the proceeds to repay the loan principal and interests under this Agreement.

 

	10.	All
    the Parties agree that the proceeds from the sale of the Shares on the open market or the transfer of the Shares to any person
    designated by Party A shall be used to repay the principal and interests of the loan under this Agreement, and Party C shall
    have the right to directly pay the relevant amount to Party A. When the loan is due, if the proceeds from the disposition
    of the Shares in the manner listed in Article 9 are not adequate to repay the principal and interests of the loan under this
    Agreement in full, Party A shall have the right to request the assistance from the employer of Party B (his or her heir (s),
    or transferee(s)) or its affiliate use all of the income (including but not limited to personal remuneration, proceeds from
    the sale of stocks or exercise of stock options) received by Party B (his or her heir(s) or assignee(s)) to repay the remaining
    amount of the principal and interests of the loan without prior written consent from Party B. If Party B still can’t
    repay the loan principal and interest under this Agreement in full in the manners specified in this Article, Party A shall
    have the right to take all necessary legal actions to claim the repayment of the loan by Party B (or his or her heir (s) or
    transferee(s)).

 

	11.	From
    the execution date of this Agreement until the termination hereof, Party B and Party C hereby represent and warrant to Party
    A that:

 

	 	11.1	Party
    B clearly understands all the terms and conditions under this Agreement. Once executed, this Agreement constitutes a legal,
    valid and binding obligation of Party B, enforceable against Party B in accordance with its provisions;

 

	 	11.2	Except
    for the provisions stipulated in this Agreement, Party B shall not mortgage, pledge or otherwise encumber the Shares, and
    shall not make an offer to transfer any such Shares to any third party, make any commitment about any third party’s
    offer to acquire the Shares, or execute any agreement to transfer the Shares with any third party.

 

	12.	Party
    B and Party C covenant that during the term of this Agreement, they shall not transfer, mortgage or cause any other security
    interest placed on the Shares before the loan principal and interests are paid off in full under this Agreement, without the
    prior written consent of Party A.

 

	13.	This
    Agreement shall be binding on and inure to the benefit of all parties hereto and their respective successors, heirs and permitted
    assignees.

 

	14.	The
    formation, validity, interpretation, performance, amendment and termination of and resolution of disputes in connection with
    this Agreement shall be governed by the PRC laws. Any dispute, controversy or claim arising from the interpretation and performance
    in connection with this Agreement (including any question regarding its existence, validity or termination) shall be settled
    by all parties through friendly consultations. In case no settlement can be reached within thirty (30) days after one
    party makes a request for settlement, either party may submit such dispute to the China International Economic and Trade Arbitration
    Commission (“CIETAC”) for arbitration in accordance with its arbitration rules then in effect at the time
    of applying for arbitration. The arbitration award shall be final and binding upon all Parties;

 

	15.	All
    parties agree and acknowledge that the terms and conditions of this Agreement shall be effective as of the share subscription
    date until all Parties have performed their obligations under this Agreement. This Agreement is severable. If any provision
    of this Agreement is held to be invalid or unenforceable, such provision shall not affect the validity and enforceability
    of the remainder of this Agreement. Any obligation arising out of this Agreement or that is due before the expiration or early
    termination of this Agreement shall survive such expiration or early termination. Articles 10 hereof shall survive the termination
    of this Agreement.

 

	16.	This
    Agreement shall not be amended or modified except with the written consent of both parties. In case of anything not covered
    herein, both parties may make supplements hereto by signing a written agreement. Any amendment, modification, supplement or
    annex to this Agreement shall form an integral part of this Agreement.

 

	17.	This
    Agreement shall be formed on its signing date. This Agreement is executed in three originals, with each of Party A, Party
    B and Party C holding one original. All originals have the same legal effect.

 

[No
text below]

 

    3 / 4

     

    

 

IN
WITNESS WHEREOF, all parties have entered into this Agreement as of the date first above written.

 

Party
A: CISG Holdings Ltd.

 

Chop:

 

 

 

Party
B: ______________

 

Signature:
______________

 

 

 

Party
C: Fanhua Employees Holdings Limited

 

Chop:
[Chop affixed]

 

 

4 / 4

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