Document:

Supplement Account an System Custodian Agreement [10.7] (00519901).DOCX

Cooperation Agreement for 

Fund Escrow System Interface, Operation and Payment Settlement Service

Party A:

Shanghai Dianniu Internet Finance Information Service Co., Ltd.

Address:

Floor 35, Sino Life Tower, No. 707, Zhangyang Road, Pudong New Area, Shanghai

Phone:

021-61659027

Fax:

None

Postal code:

200120

Party B:

Shanghai PnR Data Service Co., Ltd.

Address:

Building C5, Phase 2, Putian Industrial Park, No. 700, Yishan Road, Shanghai

Phone:

021-33323999

Fax:

021-33323830

Postal code:

200233

Whereas, Party A has expressed its intent to work with Party B's partner bank on escrow of funds of peer-to-peer lending (P2P lending), Party A and Party B have agreed to the following:

Clause 1 Descriptions of Service

1.1

Party B shall, in accordance with the requirements of its partner bank and regulatory authorities, connect Party A's P2P lending intermediary platform ("Party A's Platform") to the bank's accounting system and escrow Party A's P2P lending funds in the bank by completing the interface with the bank's system.

1.2

Following the establishment of the interface with its partner bank, Party B shall provide Party A with interface upgrade, operation and maintenance services.

1.3

Party B shall provide Party A with system modules, including user information authentication, escrow account charge and cash withdrawal, transaction information query, user information management and other value-added functions.

Clause 2 System Functions

2.1

User information authentication: Party A and Party A's user (a natural persons, legal person or other organizations registered as a borrower or lender on Party A's Platform) may access the bank's fund escrow system through the system interface provided by Party B so long as Party B's system authenticates the information of Party A's natural person user to assist them to set up bank escrow accounts. Party A shall ensure the natural person user is authentic, and the legal person or other organization user is an entity that lawfully exists and engages in legitimate business activities. Party A shall strictly review the user’s information and ensure that the information submitted through Party A's Platform is true, accurate, legal and valid. Party A and Party A's user shall abide by the account operation rules set forth by Party B's partner bank and work with Party B to complete the user information authentication.

2.2

Escrow account charge: Party A's user can use the system interface provided by Party B to use the payment service provided by Party B in P2P lending payment and settlement transactions, or payment services provided through the escrow bank, accomplishing functions such as charge and payment of fees for the escrow account (an account opened after approval by the partner bank, for which Party A or Party's user file an application through Party A, and the account is used only by Party A and Party A's user for P2P lending fund settlement during the term of the agreement) of P2P lending transactions. For escrow account charges made by Party A's user through payment services provided by the escrow bank are known as "other charges" hereunder.

2.3

Cash withdrawal from escrow account: Through the system interface provided by Party B, Party A and Party A's user can access the bank's escrow system and withdraw cash from the bank card attached to the escrow account opened at the partner bank by themselves. The time required for transfer depends on the cash withdrawal manner selected in the orders given by the bank's escrow system to Party A's system.

2.4

Quick charge for the escrow account. When a natural person user of Party A makes the first quick charge 

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to his/her escrow account, he/she authorizes Party B to deduct an amount specified by him/her from his/her specified debit card, and Party B will verify the payment through a number of means including ID, name, bank card number and mobile phone number, and when the bank card attachment is verified, the escrow account charge transaction is completed. When another charge is made to the escrow account, after entry of the SMS verification code or confirmation of other verification methods required by Party B, the user will be deemed to have confirmed the transaction and its amount, and send an irrevocable instruction to Party B who accordingly entrusts the bank or a third party to transfer funds from the user's bank card first attached by the user to the escrow account. After Party A' natural person user activates the quick charge function, the attached debit card will be considered the only cash-withdrawing card for his/her escrow account, and without review and confirmation by Party B, the user shall not change, remove, or add such cash-withdrawing card or quick charge card for the escrow account.

2.4.1

Party A's natural person user shall be the legal holder of the bank debit card and its use shall not violate the legitimate rights and interests of any third party. Party A and Party A's natural person user shall not use the quick charge function of the escrow account to commit illegal acts such as cashing out, money laundering, gambling, fraud, and false transactions, otherwise Party B has the right to take actions in accordance with provisions of laws and regulations, and regulatory authorities.

2.4.2

Party A's natural person user shall be responsible for all losses arising out of disclosure and misuse of sensitive information including but not limited to escrow account number or SMS verification code, and Party B shall be obliged to cooperate with Party A and Party A's user in the event of such risk event to take remedial measures.

2.4.3

When Party A's natural person user applies for removal of the attached bank card, Party A must strictly follow the removal processes issued by Party A, collect and review the natural person user' information, and ensure that the information is true, legal and valid. Party B's above operations according to the application of Party A's natural person user will be at the risk of Party A and Party A's natural person user.

2.4.4

Party A shall ensure that the instructions given to Party B are authorized by Party A's user and deemed accurate. When Party B suffers a loss due to violation of this agreement by Party A or Party A's user, Party A or Party A's user shall take corresponding responsibility, and Party B will suspend or discontinue the quick charge function of the escrow account based on the risk.

2.5

Other functional services provided by Party B to Party A include but are not limited to transaction information query and user information management. Party B shall have the right to upgrade the system functions based on risk control and transaction regulation requirements, and Party A shall not refuse without cause. The launch of new functions to the account are subject to Party B's system display or supplementary agreements signed by the parties.

Clause 3 Rights and Obligations

3.1

Rights and Obligations of Party A

3.1.1

Party A shall provide Party B with true business qualification documents, brand information, business description and relevant legal proof, and authorize Party B to investigate and verify Party A's credit status as required for business management. Party A shall be liable for all consequences arising from false, inaccurate, or incomplete information. When any change of Party A's business information may affect the cooperation of the parties, including but not limited to change of party, name, legal representative, or contact person with Party B, Party A shall notify Party in writing and provide relevant evidence as required by Party B.

3.1.2

Party A is responsible for the daily operation and maintenance of its own platform to ensure that the connection to Party B is established in accordance with the interface standards and data formats and other technical standards agreed by the parties. Party A shall not crack Party B's payment service system and program by reverse engineering, or copy, modify, compile, integrate and tamper with such system and program (including but not limited to source program, target program, software documentation, data running on local computer memory, client-to-server data, or server data), or modify or add the original 

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functions of Party B's payment service system.

3.1.3

Party A shall strictly abide by the provisions of national laws, regulations and regulatory authorities, have the qualifications to engage in relevant business, obtain administrative license or filing according to the law, and ensure that its own platform business and the information released is legal, true and valid. Party A shall be solely responsible for any disputes arising from violation of the laws or regulations, false, obsolete or incomplete information on the website, and compensate Party B for the losses thus caused.

3.1.4

Party A shall ensure that all instructions given to Party B's system are timely, safe and confidential, are authorized by Party A's user and correct. Complaints by Party A's user, legal liabilities and all other consequences due to unauthorized or wrong instructions will be assumed by Party A, which will have nothing to do with Party B.

3.1.5

Party A shall strictly review the qualification and credit of Party A's user. If there is any illegal transaction, Party A shall bear the corresponding legal liability. During the period of cooperation, Party A shall be responsible for Party B‘'s loss, including but not limited to economic loss or goodwill loss, arising out of Party A's non-compliant or illegal acts. Party A shall indemnify Party B against all losses suffered by Party B if Party A fails to perform its review obligations and Party B is held legally liable.

3.1.6

Party A shall not transfer the interface technology, security protocol and certificate provided by Party B to any other third party without Party B's permission. After termination of the cooperation, Party A shall promptly destroy all the technical documents provided by Party B and shall not use or transfer them to any other third party.

3.1.7

Party A shall properly keep its administration account and password as well as bear all the losses caused by poor maintenance or use of the account and password. Party B will only provide assistance in accounting queries and password reset, and will not take responsibility for such losses. Party A shall properly retain the information and data (including but not limited to the information such as order number, customer name, ID number, date of transaction, transaction amount and other P2P lending information) from the transactions for a period of no less than five years from the completion date of completion of the transaction. The financial risk and liability due to Party A's default or other violations shall be borne by Party A.

3.1.8

Party A agrees that its business under this agreement will only be conducted using the system services provided by Party B. If Party A uses a system not provided by Party B, the relevant complaints and disputes caused will be resolved by Party A, and Party B has the right to terminate the cooperation without reimbursing any of the service costs.

3.1.9

In the event of a suspicious transaction, denials of a transaction by the cardholder or refusal to pay, suspected risk, or other circumstances where a regulatory body or other laws and regulations so require, Party A shall, at the request of Party B, provide relevant true information about Party A or Party A's user to judiciary authorities, other authorities, or assist Party B in doing so.

3.1.10

Party A is responsible for dealing with customer disputes such as complaints, returns and other complaints caused by false information or content on its website, defects in quality of goods or services and bear all legal liabilities. Party A shall indemnify Party B against all losses that occur due to the above reasons.

3.2

Rights and Obligations of Party B

3.2.1

Party B is responsible for the interface between Party A and escrow account system of the partner bank will provide the services agreed herein to Party A during the operation of the system, and may charge Party A in accordance with this agreement. Party B shall not be liable if Party A's qualifications fail to meet the access standards for escrow of the partner bank, and the partner bank and Party A are unable to start the cooperation or suspend/terminate the cooperation.

3.2.2 Party B shall be responsible for the safety, confidentiality, accuracy, and timeliness of the information 

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processing of its systems in accordance with the requirements of laws, regulations, regulatory authorities and cooperative banks.

3.2.3 Party B is responsible for accepting complaints related to system docking services and bears the corresponding responsibility due to fault. In addition, Party B shall not be liable for any commercial disputes between Party A and its user or between Party A and the cooperative bank.

3.2.4 Party B shall provide the payment service agreed upon in this Agreement for Party A. Party B has the right to retain the right to adjust according to the bank cooperation, but shall inform Party 3 workdays in advance.

3.2.5 Party B is responsible for answering the questions related to transaction inquiries, data reconciliation and capital settlement from Party A and its user in the use of Party B’s system.

3.2.6 Party B shall have the right to update and maintain Party A’s interface on the basis of the bank custody system, update the service system of Party B, and in doing so, may influence the running of Party A’s platform therefore obligating Party B to inform Party A 3 workdays in advance and to not occupy Party A’s trading peak hours as far as possible to reduce the impact of Party A's business activities.

3.2.7 Party B shall accomplish corresponding operations according to the accurate orders sent by Party A, and be responsible for the safety, confidentiality and timeliness of the information processing of the system. Party B has the right at any stage through one or more ways such as real-name verification, bank card authentication, order matching and face recognition to verify whether the instructions issued by Party A was authorized by Party A, and Party B has the right to refuse the order which was not authorized by Party A or was not in accordance with the user’s actual authorization.

3.2.8 Party B may refuse to pay or claim for the amount that Party A / Party A’s user violates national laws and regulations or the relevant provisions of this agreement.

3.2.9 If Party A and its legal representative are listed in the blacklist by China Payment Clearing Association or Bank Clearing Corporation in the effective period of this agreement, Party B shall have the right to terminate the cooperation with Party A within 10 days after verification of the aforesaid circumstances and shall not bear any Breach of contract.

3.2.10 If Party A has the following circumstances, Party B has the right to refuse to provide quick withdrawal service:

(1) Party A and Party B have signed this Agreement for less than 90 days; and

(2) The successive trading lasts less than 30 days in the validity of this Agreement;

3.2.11 Party B shall only provide the contents of the aforesaid service as stipulated in this Agreement, and shall not be responsible for any dispute not arising from the above-mentioned services.

3.2.12 Party B has the right to conduct on-site inspection and website inspection to Party A according to the need of risk control, including but not limited to whether the actual operation is true, whether the legal representative is true, whether the risk control management system is perfect, the situation of independent risk control department, and the matching degree of website transaction content and background data flow, Party A shall actively cooperate with Party B, and Party B has the right to take relevant measures according to the inspection results.

Clause 4 Brand management

4.1 Party B shall authorize Party A to use the brand identity of "PnR" in the validity period of this Agreement, including the standard edition and the standard combined edition of brand identity. Party A may only use Party B's logo on its free platform and related communication materials agreed upon in this Agreement. Party B shall strictly abide by the "PnR Brand User Manual" when using the brand identity and shall not modify, deform, discolor or attach other pictures, words and symbols which are not specified in VI Criterion.

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4.2 Party A shall not use the “ChinaPnR” brand and the cooperative business hereunder to make false, exaggerated and misleading advertisements. Without the permission of Party B, Party A shall not authorize other third parties to use the “ChinaPnR” brand LOGO. The legal liabilities and economic losses caused by Party A’s illegal use of Party B’s brand shall be solely borne by Party A. If the brand image of Party B is damaged due to Party A’s reason, Party B has the right to request rectification or cancellation of authorization and to hold Party A legally responsible therefor.

Clause 5 Fees

Party B shall charge Party A the service fee according to the following standards and charge the relevant fees according to the specified methods:

			
	 
	Charge

	Concessionary Period

(Before June 30, 2017)

	Normative linking technology service for banking system interface

	RMB150,000/one-off

	RMB100,000/one-off

	Upgraded linkage to banking system interface and operation and maitenance service

	RMB120,000/one time/year

	During the term of this agreement, Party A shall pay a lump sum of RMB60,000, and the standard cost of the following year is RMB150,000/one time/year

	Related access license for payment system (including user information authentication)

	RMB120,000/one time/year

			
	Payment service item

	Content

	Fee

	Escrow account top-up

	■ Personal online banking top-up (only for debit card transactions)

	1.5‰ of the top-up amount in case of Industrial and Commercial Bank of China, Agriculture Bank of China, China Construction Bank or China CITIC Bank

	2.5‰ of the top-up amount in case of other banks

	■ Enterprise online banking top-up

	RMB10/bill

	■ Quick top-up

	1.5‰ of the top-up amount

	■ Other top-up

	0.5‰ of the top-up amount

	Withdraw cash from escrow account

	■ Quick cash withdrawal, that is, the cash payment arrives at the designated account on the withdrawal date (“T day”)

	0.5‰ of withdrawal amount/day + RMB2/bill

	■ General cash witdrawal, that is, the cash payment arrives at the designated account at T+1 working days

	RMB2/bill

	Note: 1 the mark ■ indicates the payment service function opted to open by Party A

The above expenses shall be deducted from the exclusive account for settling Party A’s handling fee, and the transaction fails when the balance of the account is insufficient.

Party B shall settle the bank account designated by Party A on a T+1 working days basis after Party A requests settlement of the exclusive account for settling the handling fee. Party A designates the following accounts as the initial settlement account:

Account Name: Shanghai Dianniu Internet Finance Information Services Co., Ltd (Subject to the compliance with the name registered in the industrial and commercial administration)

Account No.: 

Opening Bank: Ping An Bank Co., Ltd., Shanghai Lujiazui Sub-branch

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	      2Banks supporting personnal online banking top-up:

Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, Construction Bank, Bank of Communications, Minsheng Bank, China Merchants Bank, Everbright Bank, Industrial Bank, Pudong Development Bank, China Postal Savings Bank, Shanghai Bank, Shanghai Rural Commercial Bank, CITIC Bank, Fudian Bank.

Banks supporting enterprise online banking top-up:

Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, Construction Bank, Bank of Communications, China Merchants Bank, Everbright Bank, Pudong Development Bank, Ping An Bank, Beijing Rural Commercial Bank.

Banks supporting quick top-up:

Industrial and Commercial Bank of China, Agricultural Bank of China, Shanghai Bank, Construction Bank, Bank of China, Everbright Bank, Industrial Bank, CITIC Bank, Ping An Bank, Shanghai Pudong Development Bank, China Bohai Bank, Postal Savings Bank.

      3If the user of Party A uses the quick cash withdrawal at the working day immediately prior to the holiday (including weekends and legal holidays), it shall be charged at 0.5‰ of the withdrawal amount/day * (the number of holiday days + 1) + RMB2/bill.

      4Party B shall have the right to adjust the quantity, rate as well as the limit for single bill or single day of the supporting banks based on the risk control or bank cooperation, and Party B will inform Party A in advance of such adjustment.

Clause 6 Terms of Settlement and Payment

6.1 Party A shall promptly pay a lump sum to Party B consisting of the relevant expenses involved in the system service items agreed in Article V hereof, and the payment shall be completed no later than five working days after the signing of this agreement. Party B shall issue the invoice to Party A within 15 working days after receiving the corresponding payment.

6.2 In the event Party A unilaterally terminates this agreement within the validity of this agreement, Party B will not return all the payment paid by Party A.

6.3 In case of the renewal of the agreement as provided herein, Party A shall pay to Party B the relevant payment involved in the system service items agreed in Article V hereof (other than the one-off cost) within the five working days after the commencement of automatic renewal. Party B shall issue the invoice to Party A within 15 working days after receiving the corresponding payment.

Party B: Account Name: Shanghai PnR Data Service Co., Ltd

Account No.: 

Opening Bank: Shanghai Pudong Development Bank, Minhang Sub-branch

Clause 7 Account Review 

Party A can review the accounts through the port provided by Party B. The materials Party A can download include all successful transactions confirmed online within each transaction day, and the transactions which Party B has not confirmed but funds have been successfully deducted by banks or Party B's system.

Clause 8 Intellectual Property

Either party has the ownership rights related to the content of its own network services, including but not 

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limited to words, software, sound, pictures, videos, charts, advertisements, e-mails. All contents are protected by the laws in relation to, among others, copyrights, trademark rights, intellectual property rights and property rights.

Clause 9 Confidentiality Obligation

The Parties shall keep the business and technical secrets of the other confidential during the performance of this Contract. Neither Party shall disclose the business and technical secrets of the other Party to any third party, nor shall it improperly use the same. Upon termination, change, or dissolution of this Agreement, either Party’s confidentiality obligation shall remain valid, until the business and technical secrets of the other Party are made known to the public for reasons not attributable to such Party. 

Clause 10 Risk Disclosure

10.1 Party B shall provide professional system and payment services for Party A and shall not be involved in Party A’s commercial activities. Party B assumes no legal responsibility for any dispute between Party A and the user over the collection of charges, breach of contract during the operation of the platform, etc.

10.2 Party B shall provide Party A with the services as specified herein, and it assumes no responsibility for operational risks or guarantee of the platform.

10.3 Party A shall ensure that Party B will not be held liable for any economic or reputation loss due to Party A’s commercial activities. Where Party A encounters difficulty in fund flow, carries out business in violation of laws or closes down its business, or is suspected of a criminal crime of illegal fund raising, etc., it shall independently assume all the consequences arising therefrom.

Clause 11 Force Majeure

11.1 “Force Majeure” means an objective circumstance which occurs upon conclusion of this Agreement and cannot be foreseen, avoided or overcome by the affected Party. In the event of suspension of the services provided by Party B due to upgrading or failure of telecommunication or bank systems or other reasons not attributable to Party B’s willful misconduct or gross negligence, Party B shall not be liable for breach.

11.2 Either Party that is prevented from performing this Agreement, in whole or in part, as a result of the Force Majeure may be released, in whole or in part, from its responsibilities hereunder. Upon occurrence of the Force Majeure, the Parties must immediately negotiate and determine whether to continuously perform or terminate this Agreement.

Clause 12 Reservation of Right and Subsequent Legislation

12.1 No failure by either Party to enforce any rights granted hereunder or to take action against the other Party in the event of any breach hereunder shall be construed as a waiver of such rights or the right to hold the other Party liable for breach.

12.2 Where it is necessary to adjust the contents of cooperation due to the subsequent national legislation or changes in the legal and regulatory provisions, either Party may modify or supplement this Agreement in accordance with the subsequent national legislation or relevant legal and regulatory provisions, and the Parties shall negotiate about the subsequent cooperation and sign a supplementary agreement. Where Party B becomes unqualified to provide the services hereunder due to such changes and renders it impossible for continuously perform this Agreement, Party B may dissolve this Agreement without liability for breach.

Clause 13 Settlement of Disputes and Governing Law

Any and all disputes arising out of, or in connection with, this Agreement shall be settled by the Parties through amicable negotiations. If no agreement is reached through negotiations, either Party may file a lawsuit with the competent court at Party B’s locality.

The conclusion, effectiveness, change, performance, dissolution, termination, and interpretation of this Agreement and all matters arising therefrom shall be governed by the laws and regulations of the People’s Republic of China.

Clause 14 Term and Termination

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14.1 The term of this Agreement is from April 3, 2017 to April 2, 2018. 

This Agreement shall be automatically extended for another year if neither Party proposes to terminate this Agreement within one month prior to the expiration of this Agreement.

14.2 Upon the occurrence of any of the following circumstances, the non-breaching Party may immediately terminate this Agreement by serving a written notice to the breaching Party.

14.2.1 Either Party fails to perform relevant obligations in breach of this Agreement and fails to correct its breach upon written notification by the other Party.

14.2.2 Either Party commits a material breach of this Agreement within the term of this Agreement and renders it impossible to realize the purpose of the Agreement.

14.2.3 Either Party incurs complaints from or disputes with user and other risk events due to breach of this Agreement within the term of this Agreement and causes other losses to the other Party including but not limited to loss of reputation and actual economic loss. 

14.3 Under any of the following circumstances, Party B is entitled to send a rectification notice or risk warning letter to Party A, and take necessary restriction measures; if Party A fails to meet Party B’s rectification requirements within the time limit specified by the rectification notice, Party B is entitled to immediately terminate this Agreement by serving a written Notice of Dissolution of the Agreement to Party A and claim compensation from Party A for its losses incurred under the following circumstances, and Party A shall have no right to request Party B to refund the paid service charges.

14.3.1 Party A’s website is suspected of violating laws and regulations (including but not limited to: committing illegal fund raising, illegal absorption of public deposits or other violations, conducting business operations in bad faith, defrauding of or stealing the user’s funds, receiving warnings from or being ordered to suspend its business by or receiving punishments from judiciary authorities and financial regulators, etc.).

14.3.2 Party B identifies any major risk in Party A’s transactions through petrol inspection on the site or on Party A’s website or through judgment by Party B’s risk control system, and Party A rejects to cooperate with Party B to take relevant measures.

14.3.3 Party A incurs any risk event during the use of the system, including but not limited to: complaints from Party A’s user that cause bad effects or fund losses to Party B, abnormal operation of the website or overdue repayment that affects Party A’s normal operation or causes reputation and fund losses to Party B, failure to withdraw cash, failure to conduct point-to-point operation based on Party A’s user, and frequent request for offline account regulation without justified reasons.

14.3.4 There is any material change in Party A’s business qualifications, resulting in noncompliance with the cooperation purpose hereunder.

14.4 During rectification, if Party B finds any risks in Party A’s relevant behaviors, Party B is entitled to start a risk security mechanism (including but not limited to notifying the bank of freezing the funds in the questionable account and restricting the account functions) while sending a written Notice of Dissolution of the Agreement in order to protect the fund security of Party A’s user.

Clause 15 Miscellaneous

15.1 In case of any conflicts or discrepancies between this Agreement and any previous similar agreements concluded between the Parties, the former shall prevail. 

15.2 This Agreement is made in duplicate, one for each Party, both of which shall be equally authentic and take effect upon being signed and stamped by the Parties’ duly authorized signatories. 

(The remainder of this page intentionally left blank)

(Signature Page Follows)

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	Party A: Shanghai Dianniu Internet Finance Information Service Co., Ltd.

	Party B: Shanghai PnR Data Service Co., Ltd.

	(Seal)

	(Seal) 

	Signature of Legal Representative (or Authorized Representative): 

/s/ Zeng Erxin

Zeng Erxin

	Signature of Legal Representative (or Authorized Representative): 

Zhong Hongbo (Seal)

	Signing Date: March 30, 2017

	Signing Date: March 30, 2017

10Lease [10.8] (00519898-2).DOCX

(何南清)">

Shanghai Municipal Contract of Property Lease

(Contract number: 20151205001)  

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Parties of this Contract:

Lessor (Party A): Xinjiang Dushanzi Tianli Technology Co., Ltd. 

Lessee (Party B): Shanghai DianNiu Internet Financial Information Service Co., Ltd.

This Contract is executed by, and as agreed, negotiations between both parties in accordance with the provisions of the Contract Law of the People's Republic of China and Shanghai Municipal Ordinance on Property Lease (hereafter referred to as “Ordinance”) on the basis of being equal, voluntary, fair and honest with respect to Party B’s lease of Party A’s legally leasable property. 

I. Details of Property for Lease

1.1 Party A’s property for lease to Party B is located on the entire 35th floor of the Sino Life Tower, No.707 Zhangyang Road, Pudong New District, and Shanghai (hereafter referred to as “the Property”). The construction floorage of the Property measures at 1,034.28m2, (to be specifically based on the ownership certificate); the Property is for office space, located in an office building, and the structure is steel bar reinforced concrete. Party A has displayed to Party B four certificates of real estate ownership in total including certificates HFD(P)Z (2005) No.113654, HFD(P)Z (2005) No.113655, HFD(P)Z (2005) No.113091 and HFD(P)Z (2005) No.113092.

1.2 Party A, as the owner of the Property, agrees to lease the Property to Party B. Before this Contract is executed, Party A has informed Party B that the Property had been mortgaged.

II. Purpose of Lease 

2.1 Party B promises to Party A that the Property will be leased for office use in compliance with applicable national and municipal provisions on property use and property management.

2.2 Party B guarantees that within the term of the lease, without prior written consent from Party A or prior approval from the competent authority, the aforesaid agreed upon purpose of use will not be changed.

III. Delivery Date and Lease Period

3.1 Both parties agree that the Property be delivered by Party A to Party B on or before December 18, 2015; the lease term for the Property is two years, from January 18, 2016 to January 17, 2018; and that the designated rent-free period is from December 18, 2015 to January 17, 2017.

3.2 When the lease period expires, Party A shall be entitled to take back the Property while Party B shall return on time. If Party B needs to renew lease of the Property, it shall submit a written request of renewal to Party A 6 months before such expiration date and after such request is agreed by Party A, another lease contract shall be executed. If both parties fail to execute another contract within 6 months of such expiry, Party B will be deemed to have given up its renewal request and preemptive right of lease under the same conditions, in which case, it shall return the Property to Party A when the lease period expires.

IV. Rent, Payment Terms and Deadline 

4.1 Both parties agree that the rent for the Property is RMB 6.0 Yuan per square meter of construction floorage per day; the monthly rent is rated at RMB 188,756.00 Yuan (hundred eighty-eight thousand seven hundred fifty-six Yuan flat) (invoice should be provided); and within the rent-free period, Party B does not have to pay rent to Party A.

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4.2 The first installment of rent is payable by Party B in 3-month installments beginning on January 18, 2016 to April 17, 2016 for 566,268.00 Yuan (five hundred sixty-six thousand two hundred sixty-eight Yuan flat); from the second installment on, each rent is payable quarterly, the same rule applies; and the rent shall not be increased within the 2-year term.

4.3 The rent shall be paid by Party B in the following terms: see supplementary articles.

V. Deposit and Other Expenses 

5.1 Both parties agree that Party B shall pay deposit to Party A when it delivers the Property, in the amount of two months’ rent, RMB 377,512.00 Yuan (three hundred seventy-seven thousand five hundred twelve Yuan flat); the deposit shall not be used as rent payment.

  

Upon receipt of deposit, Party A shall issue a voucher of payment receipt to Party B.

      

When the lease is terminated, the deposit received by Party A, barring any deduction of the expense contracted as borne by Party B, shall be refunded to Party B without interests.

5.2 During the term of the lease and the rent-free period, the expenses incurred from the Property such as charges for water, electricity, telecommunication, equipment or property management, parking fee, etc. shall be borne by Party B. Any other relevant expenses shall also be borne by Party B.

VI. Requirements for Use of Property and Repair Liability

6.1 During the term of the lease, upon identification of any damage to or malfunction of the Property or its accessory facilities, Party B shall timely notify Party A to repair, while Party A shall repair within 3 days from the date it is notified by Party B. If it fails to repair within such period, Party B may repair on behalf of and at the expense borne by Party A.

6.2 During the term of the lease, Party B shall reasonably use and protect the Property and its accessory facilities. When any damage or malfunction occurs to the Property or its accessory facilities due to Party B’s improper or unreasonable use, it shall be responsible for repair; if Party B refuses to repair, Party A may repair on behalf of and at the expense borne by Party B.

6.3 During the term of the lease, Party A shall guarantee that the Property and its accessory facilities are safe and can be used for office space. For inspection on and maintenance to the Property, Party A shall notify Party B 3 days in advance. During inspection and maintenance, Party B shall cooperate, and Party A shall reduce the influence on Party B’s use of the Property.

6.4 Where Party B needs to make additional renovations or facilitate additional accessory facilities and equipment, it shall obtain the prior consent in writing from Party A; where an approval by the competent authority is required, Party B shall apply with the competent authority for prior approval.

VII. Property Conditions upon Return 

7.1 Unless Party A agrees Party B’s lease renewal, Party B shall return the Property within the same day when the contracted lease period expires; if return of the Property is delayed without prior consent from Party A, Party B shall pay Party A an occupancy fee for the Property twice of the current rent each day of delay.

7.2 The Property returned by Party B shall be normally usable. When returned, the Property shall be inspected by Party A as acceptable; and expenses respectively payable shall be settled mutually.

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VIII. Sublease, Assignment and Exchange 

8.1 Within the term of the lease, Party B shall not assign, under lease or sublease, the Property or any of its right to any third person.

8.2 Within the term of the lease, Party B shall not assign its rights or obligations under this Contract to others, nor exchange the Property with another property leased to others.

8.3 Within the term of the lease, if any change occurs to the ownership of the Property, Party A shall ensure that the transferee of the Property performs this Contract; however, Party A is not obligated to compensate Party B.

IX. Conditions for Termination of Lease  

9.1 Both parties agree that within the term of the lease, this Contract is terminated on occurrence of any of the following without liabilities borne by either party to the other party.

(I) The right of use for the land occupied by the Property is legally recovered in advance;

(II) The Property is legally requisitioned for the interest of social public;

(III) The Property is legally listed as property to be demolished demanded for urban construction;

(IV) The Property is damaged, lost or assessed as being dangerous;

(V) The Property is now disposed due to its pre-lease mortgage as disclosed by Party A to Party B.

9.2 Both parties agree that on occurrence of any of the following, either party may cancel this Contract by notifying the other party in writing. The contract defaulting party shall pay the other party a default penalty in the amount of six times of the monthly rent; if a loss is incurred by the defaulting party to the other party and the paid default penalty becomes insufficient for compensation of such loss, the balance shall also be compensated if

(I) Party A fails to deliver the Property on time and further fails even within 30 days from when it is urged by Party B;

(II) The Property delivered by Party A is incompliant with this Contract and consequently fails realization of the lease purpose; or such property is defective and endangering Party A’s safety;

(III) The Property is damaged due to Party B’s change of property use without  prior consent from Party A;

(IV) The main structure of the Property is damaged due to Party B’s fault;

(V) Party B presumptuously subleases, assigns the right of lease for, or mutually exchanges the Property with the Property leased to others;

(VI) Party B delays the payment for rent by over one month cumulatively.

X. Default Liability 

10.1 If the Property is defective at the time of delivery, Party A shall repair within 30 days from the day of delivery; and if it fails to repair as deadline, it agrees to reduce rent and change relevant rent articles.

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10.2 During the term of the lease, if Party A fails to perform the contracted repair, maintenance liabilities, causes any damage to the Property, and causes Party B’s property loss or bodily injury, the indemnity liability shall be borne by Party A.

10.3 During the term of the lease, in the absence of any contracted circumstance, if Party A requires to cancel this Contract and take back the Property in advance, it shall notify Party B in writing by 6 months in advance; in addition to refund of the deposit for this lease paid by Party B and subtracted of the expenses payable by Party B (if any) to Party B, it shall also pay Party B an amount of three months’ rent as a default penalty. If Party A’s aforesaid prior written notice for cancellation of contract is given less than 6 months in advance, in addition to the aforesaid default penalty, Party A shall also pay Party B an amount equal to the Property rent for the period whereby such advancement is less than 6 months, as a default penalty.

10.4 If Party B decorates the Property or adds accessory facilities without  prior written consent from Party A or beyond the scope or requirement agreed by Party A in writing, Party A may require Party B to restitute the Property to original conditions and indemnify loss.

10.5 During the term of the lease, in the absence of any contracted circumstance, if Party B requires to cancel this Contract and terminate lease in advance, it shall notify Party A in writing by 6 months in advance; in addition to no refund of the deposit paid by Party B, it shall also pay Party A an amount of 3 months’ rent as a default penalty. 

XI. Other Provisions 

11.1 For other matters related to this Contract, the parties can enter into supplementary provisions. Supplementary provisions of and annexes to this Contract shall be integrate part of this Contract. All characters, handwritten or typed, shall have the same legal effect.  

11.2 When signing this Contract, both parties are fully aware of their respective rights, obligations and responsibilities thereunder and agree to comply with provisions thereof.  If one Party breaches this Contract, the other Party are entitled to damages pursuant to this Contract. 

11.3 Both parties shall resolve any disputes resulting from performance of this Contract through negotiation.  If negotiation did not resolve such dispute, both parties agree to submit the dispute to the Shanghai Arbitration Commission for arbitration. 

11.4 This Contract is executed in four copies with equal legal effects and each Party shall hold two copies. 

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Supplementary Articles

      These supplementary articles supplement the Shanghai Municipal Contract of Property Lease executed by both parties thereof for lease of the Property to Party B (hereafter referred to as “Main Text of this Contract”) and are collectively referred to as “this Contract” with Main Text of this Contract, all schedules and appendixes. If Main Text of this Contract disagrees with these supplementary articles, schedules or appendixes, these supplementary articles and schedules shall prevail.

12.1 Article 1.1 of this Contract is supplemented as follows:

(1)

The Property leased by Party B from Party A under this Contract is located on the entire 35th floor, No.707 Zhangyang Road, Pudong New District, Shanghai (hereafter referred to as “the Building”). 

Before this Contract is executed, Party A has displayed to Party B the four certificates of real estate ownership that are necessary for leasing the Property. The respectively number of these certificates is: HFD(P)Z (2005) No.113654, HFD(P)Z (2005) No.113655, HFD(P)Z (2005) No.113091, and HFD(P)Z (2005) No.113092.

12.2 Article 1.2 of this Contract is supplemented as follows:

      

Before this Contract is executed, Party A has fully advised Party B that the Property has been mortgaged; Party B has admitted its awareness of such fact, and expressed that it will not claim any type of indemnification by Party A or have any other right based on such fact. At any time within the term of the lease, Party A shall be entitled to mortgage the Property, if necessary, without prior consent of Party B who shall actively cooperate with Party A in undertaking corresponding formalities.

12.3 Supplementation of Property Condition under this Contract: 

Party B states that it has visited the Property before this Contract is executed, is adequately acquainted with  the conditions of existing property decorations and facilities, and it agrees with the existing property delivery standard for Party A’s property delivery.

12.4 Articles 4.3 and 5.2 of this Contract are supplemented as follows:

(1) Within the term of the lease and the rent-free period, Party B shall pay Party A or the property management company the rent for the Property, the property management fee, electricity bill, parking fee and other relevant expenses on time and in full. Party B agrees that within the term of the lease and the rent-free period, if Party A or the property management company uniformly increases the property management fee or other expenses for all properties in the Building and notify Party B one month in advance, such increase shall be payable by Party B upon expiry of such one month notice period.

(2) If Party B delays the payment for any amount under this Contract to Party A, including but not limited to rent, property management fee, electricity bill and other expenses; per each day of delay, it shall pay Party A a default penalty at 50% of the accumulated overdue amount. If the payment for rent is delayed by over 10 days, Party A shall be entitled to cancel this Contract.

12.5 Articles 6.1 and 6.3 of this Contract are supplemented as follows:

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(1) Party A’s liability for repairing the Property is limited within the structure of the Property, but such liability excludes any damage due to Party B’s fault.

(2) When Party A repairs, it shall notify Party B in writing by a reasonable period in advance, while Party B shall actively cooperate. Any consequence incurred from Party B’s hindrance of Party A’s repair shall be borne by Party B.

(3) In the event of an emergency (including but not limited to fire, flood, robbery, causality, etc.), Party A or its authorized representative may enter the Property without prior notice. If such emergency is not caused by Party A, it shall not be liable to compensate the damage caused by such entry for the purpose to eliminate dangers and within the reasonable scope, provided that Party A shall explain in writing to Party B in detail after the event.

12.6 Article 6.4 of this Contract is supplemented as follows:

(1) As approved by the competent government authority and consented in writing by Party A or property management company, Party B may decorate or add or reconstruct the Property and/or the facilities, equipment provided by Party A. 

With prior written consent from Party A and filing required, Party B may engage a qualified construction contractor to be responsible for decoration, addition or reconstruction engineering. Party B and the construction contractor engaged shall abide by the applicable provisions, standards and related amendments from time to time promulgated by Party A and the property management company. Party B agrees that, during the decoration, addition or reconstruction engineering, all of the liabilities caused by either Party B or such construction contractor shall be borne by Party B.

(2) All expenses incurred from clause (1), including but not limited to decoration, addition or reconstruction expenses, equipment and material expenses, the taxes and government fees incurred accordingly shall be borne by Party B. Party B shall be responsible for repairing and maintaining the facilities, equipment decorated, added or reconstructed as stipulated under clause (1), while such responsibility does not rest on Party A.

12.7 Both parties agree specifically on the insurance for the Property within the term of the lease as follows: Party B shall not act in any way nullifying the insurance for the Building or any part thereof against fire or others; and Party B shall not act or allow others to act in any way that may increase the premium for such insurance. If such premium is increased due to Party B’s fault, Party A shall be entitled to recover the insurance premiums increased accordingly from Party B without prejudicing its own entitlement to a right or remedy.

     

 If the water or power supply to or the air-conditioning service for the Property is stopped at any time due to any reason not attributable to Party A or any public facility in the Building is stopped of operation, Party A does not have to bear the corresponding indemnity liability to Party B or reduce or exempt Party B’s rent, property management fee or other expenses.

12.8

Both parties agree that:

(1)  Party A is not responsible for security, nor the custody of belongings in the Property;

(2) The provision of security enforcement personnel, management personnel, mechanical or electronic theft proof system of any nature by Party A to the Building or the Property does not obligate Party A to be responsible for security, custody of the Property or belongings therein. Party B shall be solely responsible at any time for the Property or belongings therein; and

(3) Party B shall not reduce or stop the payment for rent or other expenses contracted as payable on 

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account of any issue relevant to security enforcement.

12.9 Rights and Obligations of Party A

(1) Party A’s request or receipt of a default penalty from Party B as contracted does not prejudice or affect Party A’s exercise of any other right or remedy vested under this Contract, including but not limited to the right of taking the Property back.

(2) Party A’s acceptance of Party B’s rent, property management fee and other expenses shall not be deemed as Party A’s waiver of its right to prosecute Party B of the liabilities borne by it due to its default of any provision under this Contract.

(3) Party A’s forbearance for one or several times of Party B’s any default under this Contract does not constitute as a basis for Party A to waive prosecution of Party B’s any continuous, future defaults or impair or affect in any way Party A’s right or remedy to prosecute Party B’s any continuous, future defaults, unless Party A clearly expresses in writing its waiver of prosecuting Party B.

(4) Upon a reasonable prior notice, Party A shall be entitled to bring any future lessee of the Property or relevant personnel to visit the Property at any time reasonable within three months before the lease period is ended or terminated.

(5) Within the term of the lease, Party A shall keep the public areas and facilities in the Building (including roof, main structure, wall, main water pipeline tunnel, main cable, wiring, elevator, escalator, fireproof, security enforcement equipment, air-conditioning equipment) in good use.

12.10 Rights and Obligations of Party B 

(1) Party B shall strictly follow all of the regulations and management rules for the Building.

(2) Within the term of the lease, Party B shall not authorize others to use of occupy the Property or any part therein.

(3) Party B shall cause its employee, contractor, agent (hereafter referred to as “such Personnel”) to abide by and perform all of the articles under this Contract to be abided or performed by Party B. If any loss is incurred by Party A or any third person from any default by such Personnel of this Contract, Party B shall be indemnify.

(4) Before engagement or operation of its business in the Property, Party B shall obtain all licenses, approvals or permits (if required) necessary for opening and operating business from the competent government authorities. Party B shall ensure that such licenses, approvals or permits are fully effective within the term of the lease and compliant with the requirements for such licenses, approvals or permits in every aspect. Furthermore, Party B shall ensure that the business operation activity in the Property is free of violation of applicable laws and regulations; otherwise, all of the liabilities and consequences incurred from its unlawful business operations shall be solely borne by it.

(5) Within the term of the lease, Party B shall not offset or refuse, due to any reason, the payment for the rent, property management fee or other expenses under this Contract payable by it to Party A.

(6) With prior approval from Party A or the property management company, Party B shall be entitled to display its name at the direction signage (if any) in the Building by the fonts and in the way uniformed by Party A. Such fonts will be uniformed through negotiations; Party A has the full right to arrange manufacture and placement at relevant expense borne by Party B.

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(7) Party B shall be entitled to arrange at its own cost in the format approved by Party A or the property management company at the entrance to the Property or on the door; any signage not approved by Party A or the property management company shall not be arranged.

(8) Party B shall not peddle or solicit in any way at any place outside the Property but in the Building.

(9) If goods need to be loaded or unloaded, Party B shall use the goods’ loading or unloading area, entrance or exit and goods’ elevator designated by Party A or the property management company, and such goods shall be loaded or unloaded only within the hours specified by Party A and the property management company. In no event shall Party B move goods with a passenger elevator or escalator. 

12.11 The execution, effectiveness, interpretation, performance of and the resolution of disputes over this Contract shall be governed by the laws of the People's Republic of China. 

12.12 The content listed in a schedule of or appendix to this Contract is intended by both parties to supplement and revise the content of relevant articles of this Contract; if any other article of this Contract is inconsistent with relevant contents of schedule or appendix, the provisions of such schedule or appendix shall prevail.

12.13 Article 11.4 of this Contract is supplemented as follows:

This Contract, including supplementary articles, all appendixes and schedules, are made in four copies, two of which shall be kept respectively by each party with equal legal effects.

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Schedule 1

Part I. 

Delivery day: December 18, 2015

Rent Due Date: January 17, 2016

Lease Term: from January 18, 2016 to January 17, 2018

Rent-Free Period: from December 18, 2015 to January 17, 2016

Part II. 

Leased floorage: The construction floorage of the Property measures about 1,034.28m2.

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Schedule 2

Part I.

Rent: within the term of the lease, Party B shall pay Party A the rent for the Property in every three months as an installment; the rent for the first installment shall be paid together with the deposit for lease to Party A within 7 working days from the execution date of this Contract. Thereafter, 

the rent for each installment shall be paid  at least 10 days before each payment period begins.

The rent for the Property is RMB 6.0 Yuan per square meter of construction floorage per day.  The monthly rent is RMB 188,756.00 Yuan (or one hundred eighty-eight thousand seven hundred fifty-six Yuan flat).

The rent for the first installment is payable quarterly from January 18, 2016 to April 17, 2016 at 566,268.00 Yuan (in words: five hundred sixty-six thousand two hundred sixty-eight Yuan flat). 

For all subsequent payments, rent is payable for every 3 months and the same rule applies. The rent shall not be increased for two years.

Part II.

Property management fee: the current property management fee for the Property is rated at monthly RMB 25.0 Yuan per square meter of construction floorage and totaled at monthly RMB 25,857.00 Yuan (or twenty-five thousand eight hundred fifty-seven Yuan flat).

Part III.

Deposit for lease: the Property rent for two months (RMB 377,512.00 Yuan or  three hundred seventy-seven thousand five hundred twelve Yuan flat).

Part IV.

Payment terms: All amounts payable by Party B to Party A under this Contract shall be paid in RMB to Party A’s bank account as follows, or in any other way separately notified by Party A in writing. Any bank fee incurred by Party B shall be borne by Party B.

Account name: Xinjiang Dushanzi Tianli Technology Co., Ltd.

Account bank: Dushanzi Subbranch of Xinjiang Kelamayi Oil Branch of Industrial and Commercial Bank of China

Account number at account bank: 

Bank number of account bank: 

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Schedule 3

Detailed Information of Both Parties

Party A: Xinjiang Dushanzi Tianli High/new-tech Joint Stock Co., Ltd.

Registered address: No.2 East Daqing Road, Dushanzi District, Xinjiang

Mailing address: No.2 East Daqing Road, Dushanzi District, Xinjiang

Legal representative: Chen Junhao

Tel.: 0992-3658058

Fax: 0992-3659999

Party B: Shanghai DianNiu Internet Finance Information Service Co., Ltd.

Registered address: Rooms 102-34, Floor 1, Building 1, No.38 Debao Road, Shanghai Free Trade Zone

Mailing address: No.1980 Luoxiu Road, Minhang District, Shanghai

Legal representative: Zeng Erxin

Tel.: 15988179261

Fax:

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	Lessor (Party A): Xinjiang Dushanzi Tianli  Technology Co., Ltd.

Nationality: Chinese

Legal representative: Chen Junhao

Registration certification /number of identity card: 

(Seal)

	Lessee (Party B): Shanghai DianNiu Internet Finance Information Service Co., Ltd.

Nationality: Chinese

Legal representative: Zeng Erxin

Registration certification /number of identity card:

(Seal)

	

Address: No.2 East Daqing Road, Dushanzi District, Xinjiang

Postcode: 833699

Tel.: 0992-3658058

Signed on: December 11, 2015

Signed in: Shanghai

	

Address: No.1980 Luoxiu Road, Minhang District, Shanghai

Postcode: 201100

Tel.: 15988179261

Signed on: December 11, 2015

Signed in: Shanghai

  Name of brokerage provider: Shanghai Shengbang House Property Brokerage Co., Ltd. 

  Name of broker: Yuan Zhigang

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