Document:

Exhibit

Exhibit 10.1

UNITED STATES STEEL CORPORATION
2016 OMNIBUS INCENTIVE COMPENSATION PLAN
Effective April 26, 2016
Section 1. Adoption and Purpose
1.01    Adoption. The United States Steel Corporation 2016 Omnibus Incentive Compensation Plan (the “Plan”) was adopted by the Board of Directors of United States Steel Corporation (the “Corporation”) on February 22, 2016, subject to the approval of the stockholders on April 26, 2016.
1.02    Purpose. The purpose of the Plan is to assist the Corporation in attracting, retaining and motivating employees and non-employee directors of outstanding ability and to align their interests with those of the stockholders of the Corporation.
Section 2. Definitions; Construction
2.01    Definitions. In addition to the terms defined elsewhere in the Plan, the following terms as used in the Plan shall have the following meanings when used with initial capital letters:
(a)   “Appreciation Right” means an Award representing, for each Share subject to such Appreciation Right, a right granted to a Participant to receive payment in Shares or cash of an amount equal to the excess, if any, of the Fair Market Value of a Share on the date of exercise of the Appreciation Right over the exercise price which shall be at least the Fair Market Value of a Share as of the grant date.
(b)   “Available Shares” shall have the meaning provided in Section 4.01 hereof.
(c)   “Award” means any Option, Restricted Stock, Restricted Stock Unit, Performance Award or Other Stock-Based Award.
(d)   “Award Agreement” means any agreement, contract or other instrument or document evidencing an Award.
(e)   “Board” means the Corporation’s Board of Directors.
(f)   “Business Combination” shall have the meaning provided in Section 2.01(i)(3) hereof.
(g)   “Cause,” when used with respect to the termination of employment or service of a Participant, means:
(1)   the willful and continued failure by the Participant to substantially perform his duties with the Corporation or a Subsidiary or affiliate (other than any such failure resulting from the Participant’s disability), after reasonable notice of such failure and an opportunity to correct it; or
(2)   the willful and continued engaging by the Participant in conduct which is demonstrably and materially injurious to the Corporation or a Subsidiary or affiliate, monetarily or otherwise, or
(3)   the breach by the Participant of any obligation of confidentiality owed to the Corporation or a Subsidiary or affiliate.
For purposes of this Plan, no act, or failure to act, on the Participant’s part shall be considered “willful” unless done, or omitted to be done, by the Participant in bad faith and without reasonable belief that such action or omission was in the best interest of the Corporation.
(h)  “Code” means the Internal Revenue Code of 1986, as amended from time to time, together with rules, regulations and interpretations promulgated thereunder. References to particular sections of the Code shall include any successor provisions.
(i)   “Change in Control” shall mean a change in control of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A promulgated under the Exchange Act, whether or not the Corporation is then subject to such reporting requirement; provided, that, without limitation, such a change in control shall be deemed to have occurred if:
(1)   any person (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) (a “Person”) is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Corporation (not including in the amount of the securities beneficially owned by such person any such securities acquired directly from the Corporation or its affiliates) representing thirty percent (30%) or more of the combined voting power of the Corporation’s then outstanding voting securities; provided, however, that for purposes of this Plan the term “Person” shall not include (A) the Corporation or any of its subsidiaries, (B) a trustee or other fiduciary holding securities under an employee benefit plan of the Corporation or any of its subsidiaries, (C) an underwriter temporarily holding securities pursuant to an offering of such securities, (D) a corporation owned,

directly or indirectly, by the stockholders of the Corporation in substantially the same proportions as their ownership of stock of the Corporation, or (E) any individual, entity or group involved in the acquisition of the Corporation’s voting securities in connection with which, pursuant to Rule 13d-1 promulgated pursuant to the Exchange Act, such individual, entity or group is permitted to, and actually does, report its beneficial ownership on Schedule 13G (or any successor Schedule); provided that, if any such individual, entity or group subsequently becomes required to or does report its beneficial ownership on Schedule 13D (or any successor Schedule), then, for purposes of this paragraph, such individual, entity or group shall be deemed to have first acquired, on the first date on which such individual, entity or group becomes required to or does so report, beneficial ownership of all of the Corporation’s then outstanding voting securities beneficially owned by it on such date; and provided, further, however, that for purposes of this paragraph 

(1), there shall be excluded any Person who becomes such a beneficial owner in connection with an Excluded Transaction (as defined in paragraph (3) below); or
(2)   the following individuals (the “Incumbent Board”) cease for any reason to constitute a majority of the number of directors then serving: individuals who, as of the Effective Date, constitute the Board and any new director (other than a director whose initial assumption of office is in connection with an actual or threatened election contest including, but not limited to, a consent solicitation, relating to the election of directors of the Corporation) whose appointment or election by the Board or nomination for election by the Corporation’s stockholders was approved or recommended by a vote of at least two-thirds ( 2/3) of the directors then still in office who either were directors on the Effective Date or whose appointment, election or nomination for election was previously so approved or recommended; or
(3)   there is consummated a merger or consolidation of the Corporation or any direct or indirect subsidiary thereof with any other corporation (a “Business Combination”), other than a merger or consolidation (an “Excluded Transaction”) which would result in:
(A)   at least a majority of the members of the board of directors of the resulting or surviving entity (or any ultimate parent thereof) in such Business Combination (the “New Board”) consisting of individuals (“Continuing Directors”) who were members of the Incumbent Board (as defined in subparagraph (2) above) immediately prior to consummation of such Business Combination or were appointed, elected or recommended for appointment or election by members of the Incumbent Board prior to consummation of such Business Combination (excluding from Continuing Directors, any individual whose election or appointment, or recommendation for election or appointment, to the New Board was at the request, directly or indirectly, of the entity which entered into the definitive agreement providing for such Business Combination with the Corporation or any direct or indirect subsidiary thereof), unless the Board determines, prior to such consummation, that there does not exist a reasonable assurance that, for at least a two-year period following consummation of such Business Combination, at least a majority of the members of the New Board will continue to consist of Continuing Directors and individuals whose election, or nomination for election by stockholders of the resulting or surviving entity (or any ultimate parent thereof) in such Business Combination, would be approved by a vote of at least a majority of the Continuing Directors and individuals whose election or nomination for election has previously been so approved; or
(B)   a Business Combination that in substance constitutes a disposition or separation of a division, business unit, or subsidiary; or
(4)   the stockholders of the Corporation approve a plan of a complete liquidation or dissolution of the Corporation or there is consummation of a sale or other disposition of all or substantially all of the assets of the Corporation, other than to a corporation with respect to which, following such sale or other disposition, more than 50% of the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors is then beneficially owned, directly or indirectly, by all or substantially all of the individuals and entities who were the beneficial owners of the Corporation’s then outstanding voting securities immediately prior to such sale or other disposition in substantially the same proportion as their ownership, immediately prior to such sale or other disposition, of the Corporation’s then outstanding voting securities.
(j)    “Committee” means (1) with respect to Participants who are employees and other service providers, the Compensation & Organization Committee or such other committee of the Board as may be designated by the Board to administer the Plan, consisting of at least three members of the Board; provided however, that any member of the Committee participating in the taking of any action under the Plan shall qualify as (A) an “outside director” as then defined under Section 162(m) of the Code, (B) a “non-employee director” as then defined under Rule 16b-3 and (C) an “independent” director under the rules of the New York Stock Exchange, or (2) with respect to Participants who are non-employee directors, the Board.
(k)    “Common Stock” means shares of the common stock, par value $1.00 per share, and such other securities of the Corporation or other corporation or entity as may be substituted for Shares pursuant to Section 8.01 hereof.
(l)    “Continuing Directors” shall have the meaning provided in Section 2.01(i)(3) hereof.
(m)    “Covered Employee” shall have the meaning provided in Section 162(m)(3) of the Code.
(n)    “Disabled” shall mean the Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months.

 (o)    “Effective Date” means April 26, 2016.
(p)    “Exchange Act” means the Securities Exchange Act of 1934, as amended.
(q)    “Excluded Transaction” shall have the meaning provided in Section 2.01(i)(3) hereof.
(r)    “Fair Market Value” of shares of any stock, including but not limited to Common Stock, or units of any other securities (herein “shares”), shall be the average of the highest and lowest sales prices per share for the date as of which Fair Market Value is to be determined in the principal market in which such shares are traded, as quoted in The Wall Street Journal (or in such other reliable publication as the Committee, in its discretion, may determine to rely upon). If the Fair Market Value of shares on any date cannot be determined on the basis set forth in the preceding sentence, or if a determination is required as to the Fair Market Value on any date of property other than shares, the Committee shall in good faith determine the Fair Market Value of such shares or other property on such date. Fair Market Value shall be determined without regard to any restriction other than a restriction which, by its terms, will never lapse.
(s)    “Full-Value Shares” shall have the meaning provided in Section 4.01 hereof.
(t)   “Good Reason” shall mean, without the Participant’s express written consent, the occurrence after a Change in Control, of any one or more of the following:
(1)   the assignment to the Participant of duties inconsistent with the Participant’s position immediately prior to the Change in Control or a reduction or adverse alteration in the nature of the Participant’s position, duties, status or responsibilities from those in effect immediately prior to the Change in Control;
(2)   a reduction by the Corporation in the Participant’s annualized and monthly or semi-monthly rate of base salary (as increased to incorporate the Participant’s foreign assignment premium, if any, while on foreign assignment) as in effect on the Change in Control or as the same shall be increased from time to time;
(3)   the Corporation’s requiring the Participant to be based at a location in excess of fifty (50) miles from the location where the Participant is based immediately prior to the Change in Control;
(4)   the failure by the Corporation to continue, substantially as in effect immediately prior to the Change in Control, all of the Corporation’s employee benefit, incentive compensation, bonus, stock option and stock award plans, programs, policies, practices or arrangements in which the Participant participates (or substantially equivalent successor plans, programs, policies, practices or arrangements) or the failure by the Corporation to continue the Participant’s participation therein on substantially the same basis, both in terms of the amount of benefits provided and the level of the Participant’s participation relative to other participants, as existed immediately prior to the Change in Control; and
(5)   any purported termination by the Corporation of the Participant’s employment that is not effected pursuant to a written notice indicating, in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Participant’s employment for Cause, which in the absence of such notice shall be ineffective.
(u)   “Incumbent Board” shall have the meaning provided in Section 2.01(i)(2) hereof.
(v)   “New Board” shall have the meaning provided in Section 2.01(i)(3) hereof.
(w)   “Option” means a right, granted under Section 6.02 hereof, to purchase Shares at a specified price during specified time periods.
(x)   “Other Stock-Based Award” means an Award, granted under Section 6.06 hereof, that is denominated or payable in, valued in whole or in part by reference to, or otherwise based on, or related to, Shares.
(y)   “Participant” means an employee, other service provider or a non-employee director of the Corporation or any Subsidiary or affiliate, including, but not limited to, a Covered Employee, who is granted an Award under the Plan.
(z)   “Performance Award” means an award granted under Section 6.05 hereof that is intended to satisfy the requirements for “qualified performance-based compensation” under Section 162(m) of the Code.
(aa)   “Performance Share,” “Performance Cash Award,” “Performance Goal” and “Performance Period” shall have the meanings provided in Section 6.05.
(bb)   “Person” shall have the meaning provided in Section 2.01(i)(1) hereof.
(cc)   “Restricted Stock” means Shares, granted under Section 6.03 hereof, that are subject to certain restrictions.
(dd)   “Restricted Stock Unit” means a unit, granted under Section 6.04 hereof, that is subject to certain restrictions.
(ee)   “Rule 16b-3” means Rule 16b-3 under the Exchange Act, as amended from time to time, or any successor to such Rule promulgated by the Securities and Exchange Commission under Section 16 of the Exchange Act.

(ff)   “Shares” means shares of Common Stock.

 (gg)   “Subsidiary” means any corporation in an unbroken chain of corporations beginning with the Corporation, if each of the corporations other than the last corporation in the chain owns stock possessing at least 50% of the total combined voting power of all classes of stock in one of the other corporations in the chain.
(hh)   “Termination of Employment” shall have the meaning provided in Section 9.02 hereof.
2.02     Construction. For purposes of the Plan, the following rules of construction shall apply:
(a)   The word “or” is disjunctive but not necessarily exclusive.
(b)   Words in the singular include the plural; words in the plural include the singular; words in the neuter gender include the masculine and feminine genders, and words in the masculine or feminine gender include the other and neuter genders.
Section 3. Plan Administration
3.01     Board Committee Administration. The Plan shall be administered by the Committee. The Committee shall have full and final authority to take the following actions, in each case subject to and consistent with the provisions of the Plan:
(a)   to designate Participants;
(b)   to determine the type or types of Awards to be granted to each Participant;
(c)   to determine the number of Awards to be granted, the number of Shares or amount of cash or other property to which an Award will relate, the terms and conditions of any Award (including, but not limited to, any exercise price, grant price or purchase price, any limitation or restriction, any schedule for lapse of limitations, forfeiture restrictions or restrictions on exercisability or transferability, and accelerations or waivers thereof, and any Performance Goal, based in each case on such considerations as the Committee shall determine subject to the terms of the Plan), and all other matters to be determined in connection with an Award;
(d)   to determine whether, to what extent and under what circumstances an Award may be settled in, or the exercise price of an Award may be paid in cash, Shares, other Awards or other property, or an Award may be accelerated, vested, canceled, forfeited, exchanged or surrendered;
(e)   to interpret and administer the Plan and any instrument or agreement relating to, or Award made under, the Plan;
(f)   to prescribe the form of each Award Agreement, which need not be identical for each Participant;
(g)   to adopt, amend, suspend, waive and rescind such rules and regulations as the Committee may deem necessary or advisable to administer the Plan;
(h)   to correct any defect or supply any omission or reconcile any inconsistency, and to construe and interpret the Plan, the rules and regulations, any Award Agreement or other instrument entered into or Award made under the Plan;
(i)   to make all other decisions and determinations as may be required under the terms of the Plan or as the Committee may deem necessary or advisable for the administration of the Plan; and
(j)   to make such filings and take such actions as may be required from time to time by appropriate state, regulatory and governmental agencies.
Any action of the Committee with respect to the Plan shall be final, conclusive and binding on all persons, including the Corporation, Subsidiaries, Participants, any person claiming any rights under the Plan from or through any Participants, employees, directors and stockholders. The express grant of any specific power to the Committee, and the taking of any action by the Committee, shall not be construed as limiting any power or authority of the Committee. Each member of the Committee shall be entitled to, in good faith, rely or act upon any report or other information furnished to him by an officer, manager or other employee of the Corporation or a Subsidiary, the Corporation’s independent certified public accountants, or any executive compensation consultant or other professional retained by the Corporation and/or Committee to assist in the administration of the Plan.
3.02     Committee Delegation. The Committee may delegate to officers, managers and/or agents of the Corporation or any Subsidiary the authority, subject to such terms as the Committee shall determine and applicable law, to perform administrative and other functions under the Plan. Specifically, the Committee may delegate to one or more officers of the Corporation the authority to grant Awards to Participants who are not directors or officers (as defined under Section 16 of the Exchange Act) of the Corporation, provided the Committee shall have determined the number of Shares available for such grants and the grants are subject to the terms and conditions of the underlying Award Agreements and the Plan. Any such delegation shall be subject to the limitation under Section 157(c) of the Delaware General Corporation Law.
Section 4. Shares Subject to the Plan
4.01     The maximum number of Shares which may be issued and in respect of which Awards may be granted under the Plan shall be limited to 7,200,000 Shares, subject to adjustment as provided in Section 8.01, which may be used for all forms of Awards (such Shares may be referred to as 

“Available Shares”). Each Option or Appreciation Right shall reduce the number of Available Shares by one Share for each Share represented by such Option or Appreciation Right, except to the extent the Award is settled in cash. All 

other Shares to which an Award other than an Option or Appreciation Right relates shall be referred to as “Full-Value Shares” and, unless such Award is settled in cash, shall reduce the number of Available Shares by 1.73 Shares.
For purposes of this Section 4.01, the number of Shares to which an Award relates shall be counted against the number of Available Shares under the Plan at the time of grant of the Award, unless such number of Shares cannot be determined at that time, in which case the number of Shares actually distributed pursuant to the Award shall be counted against the number of Available Shares under the Plan at the time of distribution; provided, however, that Awards related to or retroactively added to, or granted in tandem with, substituted for or converted into, other Awards shall be counted or not counted against the number of Shares reserved and available under the Plan in accordance with procedures adopted by the Committee so as to ensure appropriate counting but avoid double counting.
If and to the extent any Award granted under this Plan or any award granted under the 2005 Stock Incentive Plan ( “2005 Plan”) and outstanding on the Effective Date (a “2005 Plan Award”) is forfeited or otherwise terminates without payment being made to the Participant in the form of Shares or if payment is made to the Participant in the form of cash, cash equivalents or other property other than Shares, any Shares that are not issued with respect to such Award or 2005 Plan Award shall, to the extent of any such forfeiture or termination or alternative payment, again be available for Awards under the Plan. Subject to the provisions of Section 8.01, such Shares shall be added to the number of Available Shares at the rate for which the award was originally subtracted from the number of Available Shares under this Plan or from the number of Shares that were available under the 2005 Plan, as applicable. If the exercise price of an Award is paid by delivering to the Corporation Shares previously owned by the Participant or by withholding Shares issuable upon exercise or if Shares are delivered or withheld for purposes of satisfying a tax withholding obligation or if Shares are repurchased by the Company with Option proceeds, the number of Shares covered by the Award equal to the number of Shares so delivered, withheld or repurchased shall be counted, however, against the number of Shares granted and shall not again be available for Awards under the Plan. In addition, all Shares covered by an Appreciation Right, to the extent that it is exercised and settled in Shares, shall be counted against the number of Shares granted and shall not again be available for Awards under the Plan. Any Shares distributed pursuant to an Award may consist, in whole or part, of authorized and unissued Shares or of treasury Shares, including Shares repurchased by the Corporation for purposes of the Plan.
Section 5. Eligibility, Vesting Requirements and Prohibition On Repricing and Reload Options
5.01     Eligibility. Awards may be granted only to individuals who are employees, other service providers and/or non-employee directors of the Corporation or any Subsidiary or affiliate.
5.02     Vesting of Awards. All Awards shall provide for vesting based on employment or service which is at least twelve (12) months from the date on which such Award is granted, and there shall be no acceleration of vesting of an Award to be more rapid than vesting after twelve (12) months, except in connection with death, disability, retirement, involuntary termination of employment or service without Cause or a Change in Control. Notwithstanding any contrary provision of the Plan, up to five percent (5%) of the aggregate number of Shares authorized for issuance under the Plan may be issued pursuant to Awards without regard to the limitations of this Section 5.02.
5.03     Repricing and Reload Options Prohibited. Except as provided in Section 8 (Adjustment Provisions), the Corporation may not, without obtaining stockholder approval: (a) amend or modify the terms of any outstanding Option or Appreciation Right to reduce the exercise price of such outstanding Option or Appreciation Right; (b) cancel, exchange or permit or accept the surrender of any outstanding Option or Appreciation Right in exchange for an Option or Appreciation Right with an exercise price that is less than the exercise price of the original Option or Appreciation Right; or (c) cancel, exchange or permit or accept the surrender of any outstanding Option or Appreciation Right in exchange for any other Award, cash or other securities for purposes of repricing such Option or Appreciation Right. No Option may be granted to any individual on account of the use of Shares by such individual to exercise a prior Option.
Section 6. Specific Terms of Awards
6.01     General. Subject to the terms of the Plan and any applicable Award Agreement, Awards may be granted as set forth in this Section 6. In addition, the Committee may impose on any Award or the exercise thereof, at the date of grant or thereafter (subject to the terms of Section 10.01), such additional terms and conditions, not inconsistent with the provisions of the Plan, as the Committee shall determine, including separate escrow provisions and terms requiring forfeiture of Awards in the event of termination of employment or service by the Participant. Except as required by applicable law, Awards may be granted for no consideration other than prior and/or future services. Dividends and dividend equivalents shall not be paid on Options, Appreciation Rights and unvested Full-Value Shares other than issued and outstanding Restricted Stock awards. Dividends and dividend equivalents may not be paid with respect to Performance Awards before the Performance Goals are achieved and the Performance Awards are earned.
6.02     Options. The Committee is authorized to grant Options to Participants, subject to the following terms and conditions:
(a)   Exercise Price. The exercise price per Share of an Option shall not be less than 100% of the Fair Market Value of a Share on the date of grant of such Option.

 (b)   Option Term. The term of each Option shall be determined by the Committee, except that, consistent with the provisions of Section 7.04, no Option shall be exercisable after the expiration of ten years from the date of grant. The Option shall be evidenced by a form of written Award Agreement, and subject to the terms thereof.

(c)   Times and Methods of Exercise. The Committee shall determine the time or times at which an Option may be exercised in whole or in part, the methods by which the exercise price may be paid or deemed to be paid, and the form of such payment, including, without limitation, cash, Shares, or other property or any combination thereof, having a Fair Market Value on the date of exercise equal to the exercise price, provided, however, that in the case of a Participant who is at the time of exercise subject to Section 16 of the Exchange Act, any portion of the exercise price representing a fraction of a Share shall in any event be paid in cash or in property other than any equity security (as defined by the Exchange Act) of the Corporation.
Delivery of Shares in payment of the exercise price of an Option, if authorized by the Committee, may be accomplished through the effective transfer to the Corporation of Shares held by a broker or other agent. Unless otherwise determined by the Committee, the Corporation will also cooperate with any person exercising an Option who participates in a cashless exercise program of a broker or other agent under which all or part of the Shares received upon exercise of the Option are sold through the broker or other agent, for the purpose of paying the exercise price of an Option. Additionally, if authorized by the Committee, a Participant may elect the withholding of shares to be acquired upon exercise, valued at the Fair Market Value on the date of exercise, for the purpose of paying the exercise price of an Option. Notwithstanding any of the preceding, unless the Committee, in its discretion, shall otherwise determine, the exercise of the Option shall not be deemed to occur, and no Shares will be issued by the Corporation upon exercise of an Option, until the Corporation has received payment in full of the exercise price. Notwithstanding language in any grant form to the contrary, if the optionee is subject to taxation on the benefit received from the Option in a jurisdiction outside the United States the optionee (i) shall not be permitted to pay the exercise price by surrendering shares of Common Stock that he or she already owns or attesting to the ownership of shares of Common Stock and (ii) shall not be permitted to elect the withholding of shares to be acquired upon exercise to satisfy either the exercise price or the tax withholding obligation if, in the opinion of the Committee, such election could cause the participant, or the Corporation, to receive unfavorable tax treatment.
(d)   Termination of Employment. In the case of Participants who are employees or other service providers, unless otherwise determined by the Committee and reflected in the Award Agreement or award program:
(1)   if a Participant shall die while employed or engaged by the Corporation or a Subsidiary or affiliate or during a period following termination of employment or engagement during which an Option otherwise remains exercisable under this Section 6.02(d), Options granted to the Participant, to the extent exercisable at the time of the Participant’s death, may be exercised within three years after the date of the Participant’s death, but not later than the expiration date of the Option, by the executor or administrator of the Participant’s estate or by the Person or Persons to whom the Participant shall have transferred such right by will or by the laws of descent and distribution;
(2)   if the employment or engagement of a Participant with the Corporation and its Subsidiaries and affiliates shall be involuntarily terminated under circumstances which would qualify the Participant for benefits under a severance plan of the Corporation, or if a Participant shall retire under the terms of any retirement plan of the Corporation or a Subsidiary, or shall terminate his or her employment or engagement with the written consent of the Corporation or a Subsidiary specifically permitting such exercise, or shall become Disabled, Options granted to the Participant, to the extent exercisable at the date of the Participant’s termination of employment or engagement, may be exercised within three years after the date of termination of employment or engagement, but not later than the expiration date of the Option; and
(3)   except to the extent an Option remains exercisable under paragraph (1) or (2) above or under Section 9.01, any Option granted to a Participant shall terminate immediately upon the termination of all employment or engagement of the Participant with the Corporation or a Subsidiary or affiliate.
(e)   Termination of Service. In the case of Participants who are non-employee directors, unless otherwise determined by the Board and reflected in the Award Agreement or award program:
(1)   if a Participant shall die while in service with the Corporation or a Subsidiary or during a period following termination of service during which an Option otherwise remains exercisable under this Section 6.02(e), Options granted to the Participant, to the extent exercisable at the time of the Participant’s death, may be exercised within three years after the date of the Participant’s death, but not later than the expiration date of the Option, by the executor or administrator of the Participant’s estate or by the Person or Persons to whom the Participant shall have transferred such right by will or by the laws of descent and distribution;
(2)   if the service of a Participant with the Corporation and its Subsidiaries shall be terminated for reasons other than removal for Cause, Options granted to the Participant, to the extent exercisable at the date of the Participant’s termination of service, may be exercised within three years after the date of termination of service, but not later than the expiration date of the Option; and
(3)   except to the extent an Option remains exercisable under paragraph (1) or (2) above or under Section 9.01, any Option granted to a Participant shall terminate immediately upon the termination of all service of the Participant with the Corporation or a Subsidiary.

 (f)   Individual Limit. The aggregate number of Shares for which Options may be granted under the Plan to any single Participant in any calendar year shall not exceed 1,000,000 Shares. The limitation in the preceding sentence shall be interpreted and applied in a manner consistent with Section 162(m) of the Code.
6.03     Restricted Stock. The Committee is authorized to grant Restricted Stock to Participants, subject to the following terms and conditions:
(a)   Issuance and Restrictions. Restricted Stock shall be subject to such restrictions on transferability and other restrictions as the Committee may impose (including, without limitation, limitations on the right to vote Restricted Stock or the right to receive dividends thereon), which restrictions may lapse separately or in combination at such times, under such circumstances, in such installments or otherwise, as the Committee shall determine at the time of grant or thereafter.

(b)   Forfeiture. Except as otherwise determined by the Committee at the time of grant or thereafter subject to the limitations of the Plan, upon termination of employment, engagement or other service (as determined under criteria established by the Committee) during the applicable restriction period, Restricted Stock that is at such time subject to restrictions shall be forfeited and reacquired by the Corporation.
(c)   Certificates for Shares. Restricted Stock granted under the Plan may be evidenced in such manner as the Committee shall determine, including, without limitation, issuance of certificates representing Shares, which may be held in escrow. Certificates representing Shares of Restricted Stock shall be registered in the name of the Participant and shall bear an appropriate legend referring to the terms, conditions and restrictions applicable to such Restricted Stock.
(d)   Maximum Individual Performance-Based Restricted Stock Limit. Restricted Stock may be subject to Performance Goals. No Participant shall be granted within any calendar year one or more Restricted Stock Awards under the Plan subject to Performance Goals for more than 1,000,000 Shares. The limitation in the preceding sentence shall be interpreted and applied in a manner consistent with Section 162(m) of the Code.
6.04     Restricted Stock Units. The Committee is authorized to grant Restricted Stock Units to Participants, subject to the following terms and conditions:
(a)   Issuance and Restrictions. Restricted Stock Units shall be subject to such restrictions on transferability and other restrictions as the Committee may impose (including, without limitation, limitations on the right to vote Restricted Stock Units or the right to receive dividends thereon), which restrictions may lapse separately or in combination at such times, under such circumstances, in such installments or otherwise, as the Committee shall determine at the time of grant or thereafter.
(b)   Forfeiture. Except as otherwise determined by the Committee at the time of grant or thereafter subject to the limitations of the Plan, upon termination of employment, engagement or other service (as determined under criteria established by the Committee) during the applicable restriction period, Restricted Stock Units that are at such time subject to restrictions shall be forfeited.
(c)   Maximum Individual Performance-Based Restricted Stock Unit Limit. Restricted Stock may be subject to Performance Goals. No Participant shall be granted within any calendar year one or more Restricted Stock Unit Awards under the Plan subject to Performance Goals for more than 1,000,000 Shares. The limitation in the preceding sentence shall be interpreted and applied in a manner consistent with Section 162(m) of the Code.
6.05     Performance Awards. The Committee is authorized to grant Performance Awards to Participants, subject to the following terms and conditions:
(a)   Types of Performance Awards. Performance Awards may be granted in the form of Performance Shares or Performance Cash Awards. Performance Shares shall be denominated in Shares and may be payable in Shares or in cash. Performance Cash Awards shall be denominated in dollars, have an initial value that is established by the Committee at the time of grant, and may be payable in cash or in Shares.
(b)   Right to Payment. A Performance Award shall represent the right to receive Shares or a dollar amount based on the achievement, or the level of achievement, during a specified Performance Period of one or more Performance Goals established by the Committee at the time of the Award. Performance Goals may include threshold Corporation performance goals and Participant performance goals.
(c)   Terms of Performance Awards. At or prior to the time a Performance Award is granted, the Committee shall cause to be set forth in the Award Agreement or otherwise in writing (i) the Performance Goals applicable to the Award and the Performance Period during which the achievement of the Performance Goals shall be measured, (ii) the amount which may be earned by the Participant based on the achievement, or the level of achievement, of the Performance Goals or the formula by which such amount shall be determined and (iii) such other terms and conditions applicable to the Award as the Committee may, in its discretion, determine to include therein; provided, however, dividends and dividend equivalents may accrue, but shall not be paid with respect to Performance Awards before the Performance Goals are achieved and the Performance Awards are earned. The terms so established by the Committee shall be objective such that a third party having knowledge of the relevant facts could determine whether or not

any Performance Goal has been achieved, or the extent of such achievement, and the amount, if any, which has been earned by the Participant based on such performance. The Committee may retain the discretion to reduce (but not to increase) the amount of a Performance Award which will be earned based on the achievement of Performance Goals; provided, however, that the exercise of such negative discretion shall not be permitted to result in any increase in the amount of any Performance Award payable to any other Participant. When the Performance Goals are established, the Committee shall also specify the manner in which the level of achievement of such Performance Goals shall be calculated and the weighting assigned to such Performance Goals. The Committee may determine that certain specified events or occurrences, including changes in accounting standards or tax laws and the effects of non-operational items or unusual or infrequently occurring items as defined by generally accepted accounting principles, shall be excluded from the calculation, but only to the extent permitted by Section 162(m) of the Code.
(d)   Performance Goals. Prior to the earlier of (i) ninety (90) days after the commencement of the period of service to which the Performance Goal relates (the “Performance Period”) or (ii) the date on which 25% of the Performance Period has elapsed, the Committee shall establish the Performance Goals for the relevant Performance Period. The outcome of the Performance Goals must be substantially uncertain at the time the goals are established. “Performance Goals” shall mean one or more preestablished, objective measures of performance during a specified Performance Period, selected by the Committee in its discretion. Performance Goals may be based upon one or more of the following objective performance measures and expressed in either, or a combination of, absolute or relative values or rates of change and on a gross or net basis: safety performance, stock price, capital expenditures, earnings per share, earnings per share growth, return on capital employed, return on invested capital, return on capital, costs, net income, net income growth, operating margin, revenues, revenue growth, revenue from operations, net sales, expenses, 

income from operations as a percent of capital employed, income from operations, income from operations per ton shipped, tons shipped, cash flow, market share, return on equity, return on assets, earnings (including EBITDA and EBIT), operating cash flow, operating cash flow as a percent of capital employed, economic value added, gross margin, total shareholder return, shareholder equity, debt, debt to shareholder equity, debt to earnings (including EBITDA and EBIT), interest expense and/or other fixed charges, earnings (including EBITDA and EBIT) to interest expense and/or other fixed charges, environmental emissions improvement, workforce diversity, number of accounts, workers’ compensation claims, budgeted amounts, cost per hire, turnover rate, and/or training costs and expenses. Performance Goals based on such performance measures may be based either on the performance of the Participant, Corporation, a Subsidiary or Subsidiaries, affiliate, any branch, department, business unit or other portion thereof under such measure for the Performance Period and/or upon a comparison of such performance with the performance of a peer group of corporations, prior Performance Periods or other measure selected or defined by the Committee at the time of making a Performance Award. The Committee may in its discretion also determine to use other objective performance measures as Performance Goals.
(e)   Committee Certification. Following completion of the applicable Performance Period, and prior to any payment of a Performance Award to the Participant, the Committee shall determine in accordance with the terms of the Performance Award and shall certify in writing whether the applicable Performance Goal or Goals were achieved, or the level of such achievement, and the amount, if any, earned by the Participant based upon such performance. For this purpose, approved minutes of the meeting of the Committee at which certification is made shall be sufficient to satisfy the requirement of a written certification. Performance Awards are not intended to provide for the deferral of compensation, such that Performance Awards shall be paid upon vesting and in no event later than the day which is two and one-half months following the end of the calendar year in which the Performance Period ends, or such other time period as may be required under Section 409A of the Code to avoid characterization of such Awards as deferred compensation.
(f)   Maximum Individual Performance Award Limit. The following limitations shall apply to any Performance Awards intended to qualify as performance-based compensation under Section 162(m) of the Code. No Participant shall be granted within any calendar year (i) Performance Shares which could result in such Participant receiving pursuant to such Performance Shares more than 1,000,000 Shares or the Fair Market Value thereof if paid in cash, or (ii) Performance Cash Awards which could result in such Participant receiving more than $20,000,000 in value. The limitation in the preceding sentence shall be interpreted and applied in a manner consistent with Section 162(m) of the Code.
(g)   Performance Award Pool. The Committee may establish a Performance Award pool, which shall be an unfunded pool, based upon the achievement of one or more Performance Goals during the Performance Period, as specified by the Committee. The amount of the Award Pool at the threshold, target and maximum performance levels may be a stated percentage of the Award Pool at the applicable level for the specified Performance Goals. The maximum amount payable to any Participant shall be stated in terms of a percentage of the award pool and the sum of such percentages shall not exceed 100%.
6.06     Other Stock-Based Awards. The Committee is authorized, subject to limitations under applicable law, to grant to Participants such other Awards that are denominated or payable in, valued in whole or in part by reference to, or otherwise based on, or related to, Shares, including, without limitation, purchase rights, Appreciation Rights, Shares awarded which are not subject to any restrictions or conditions, subject to the limitations of the Plan, convertible securities, exchangeable securities or other rights convertible or exchangeable into Shares, as the Committee in its discretion may determine. In the discretion of the Committee, such

Other Stock-Based Awards, including Shares, or other types of Awards authorized under the Plan, may be used in connection with, or to satisfy obligations of the Corporation or a Subsidiary under, other compensation or incentive plans, programs or arrangements of the Corporation or any Subsidiary for eligible Participants, including without limitation the Annual Incentive Compensation Plan or any predecessor thereof, the Non-Employee Director Deferred Compensation Plan, the Non-Employee Director Stock Plan, other or successor programs and executive contracts.
The Committee shall determine the terms and conditions of Other Stock-Based Awards. Shares or securities delivered pursuant to a purchase right or Appreciation Right granted under this Section 6.06 shall be purchased for such consideration, paid for by such methods and in such forms, including, without limitation, cash, Shares, or other property or any combination thereof, as the Committee shall determine.
The aggregate number of Shares for which Appreciation Rights may be granted under the Plan to any single Participant in any calendar year shall not exceed 1,000,000 Shares. The limitation in the preceding sentence shall be interpreted and applied in a manner consistent with Section 162(m) of the Code.
6.07     Limitation on Awards to Non-Employee Directors. Notwithstanding any other provision of the Plan to the contrary, the aggregate grant date fair value (computed as of the date of grant in accordance with applicable financial accounting rules) of all Awards granted to any non-employee director during any single calendar year shall not exceed $500,000; provided, however, that such limit shall not apply to any Awards made at the election of a non-employee director to receive Awards in lieu of all or a portion of any annual committee cash retainers or other similar cash based payments.
Section 7. General Terms Of Awards
7.01     Stand-Alone, Tandem and Substitute Awards. Awards granted under the Plan may, in the discretion of the Committee, be granted either alone or in addition to, or in tandem with, any other Award granted under the Plan or any award granted under any other plan, program or arrangement of the Corporation or any Subsidiary or any business entity acquired or to be acquired by the Corporation or a Subsidiary. Awards granted in addition to or in tandem with other Awards or awards may be granted either at the same time as or at a different time from the grant of such other Awards or awards.
7.02     Term of Awards. The term of each Award shall be for such period as may be determined by the Committee; provided, however, that in no event shall the term of any Option, other purchase right or Appreciation Right exceed a period of ten (10) years from the date of its grant.

7.03     Form of Payment of Awards. Subject to the terms of the Plan and any applicable Award Agreement, payments or substitutions to be made by the Corporation upon the grant, exercise or other payment or distribution of an Award may be made in such forms as the Committee shall determine at the time of grant or thereafter, including, without limitation, cash, Shares, or other property or any combination thereof, in each case in accordance with rules and procedures established, or as otherwise determined, by the Committee.
7.04     Limits on Transfer of Awards; Beneficiaries. No right or interest of a Participant in any Award shall be pledged, encumbered or hypothecated to or in favor of any person other than the Corporation, or shall be subject to any lien, obligation or liability of such Participant to any person other than the Corporation or a Subsidiary. No Award and no rights or interests therein shall be assignable or transferable by a Participant otherwise than by will or the laws of descent and distribution, and any Option or other right to purchase or acquire Shares granted to a Participant under the Plan shall be exercisable during the Participant’s lifetime only by such Participant. A beneficiary, guardian, legal representative or other person claiming any rights under the Plan from or through any Participant shall be subject to all the terms and conditions of the Plan and any Award Agreement applicable to such Participant as well as any additional restrictions or limitations deemed necessary or appropriate by the Committee.
7.05     Registration and Listing Compliance. No Award shall be paid and no Shares or other securities shall be distributed with respect to any Award in a transaction subject to the registration requirements of the Securities Act of 1933, as amended, or any state securities law or subject to a listing requirement under any listing agreement between the Corporation and any national securities exchange, and no Award shall confer upon any Participant rights to such payment or distribution until such laws and contractual obligations of the Corporation have been complied with in all material respects. Except to the extent required by the terms of an Award Agreement or another contract between the Corporation and the Participant, neither the grant of any Award nor anything else contained herein shall obligate the Corporation to take any action to comply with any requirements of any such securities laws or contractual obligations relating to the registration (or exemption therefrom) or listing of any Shares or other securities, whether or not necessary in order to permit any such payment or distribution.
7.06     Stock Certificates. Awards representing Shares under the Plan may be recorded in book entry form until the lapse of restrictions or limitations thereon, or issued in the form of certificates. All certificates for Shares delivered under the terms of the Plan shall be subject to such stop-transfer orders and other restrictions as the Committee may deem advisable under federal or state securities laws, rules and regulations thereunder, and the rules of any national securities exchange or automated quotation system on which Shares are listed or quoted. The Committee may cause a legend or legends to be placed on any such certificates to make

appropriate reference to such restrictions or any other restrictions or limitations that may be applicable to Shares. In addition, during any period in which Awards or Shares are subject to restrictions or limitations under the terms of the Plan or any Award Agreement, the Committee may require any Participant to enter into an agreement providing that certificates representing Shares issuable or issued pursuant to an Award shall remain in the physical custody of the Corporation or such other person as the Committee may designate.
7.07.         Forfeiture and Repayment. Notwithstanding any other provisions of the Plan, any Award which is subject to recovery under any law, government regulation or stock exchange listing requirement, will be subject to such deduction and clawback as may be made pursuant to such law, government regulation or stock exchange listing requirement or any policy adopted by the Corporation pursuant to any such law, government regulation or stock exchange listing requirement.
Section 8.       Adjustment Provisions
8.01         If a dividend or other distribution shall be declared upon the Common Stock payable in shares of the Common Stock, then equitable adjustment shall be made to outstanding Awards, the maximum number of Shares specified in Section 4.01 that may be issued under the Plan but are not then subject to outstanding Awards and the maximum number of Shares specified under Sections 6.02(f), 6.03(d), 6.04(d), 6.05(f). Any shares of Common Stock distributed with respect to any Restricted Stock held in escrow shall also be held by the Corporation in escrow and shall be subject to the same restrictions as are applicable to the Restricted Stock on which they were distributed.
If the outstanding shares of Common Stock shall be changed into or exchangeable for a different number or kind of shares of stock or other securities of the Corporation or another corporation, or cash or other property, whether through reorganization, reclassification, recapitalization, stock split-up, combination of shares, merger or consolidation, then equitable adjustments shall be made to the Awards, the Shares specified in Section 4.01 that may be issued under the Plan but which is not then subject to any outstanding Award, and the maximum number of Shares under Sections 6.02(f), 6.03(d), 6.04(d), 6.05(f). Unless otherwise determined by the Committee in its discretion, any such stock or securities, as well as any cash or other property, into or for which any Restricted Stock held in escrow shall be changed or exchangeable in any such transaction shall also be held by the Corporation in escrow and shall be subject to the same restrictions as are applicable to the Restricted Stock in respect of which such stock, securities, cash or other property was issued or distributed.
In case of any adjustment or substitution as provided for in this Section 8.01, the aggregate option price for all Shares subject to each then outstanding Option, Restricted Stock Unit, Performance Award or Other Stock Based Award, prior to such adjustment or substitution shall be the aggregate option price for all shares of stock or other securities (including any fraction), cash or other property to which such Shares shall have been adjusted or which shall have been substituted for such Shares. Any new option price per share or other unit shall be carried to at least three decimal places with the last decimal place rounded upwards to the nearest whole number.
If the outstanding shares of the Common Stock shall be changed in value by reason of any spin-off, split-off or split-up, or dividend in partial liquidation, dividend in property other than cash, or extraordinary distribution to stockholders of the Common Stock, (i) the Committee shall make any adjustments to any then outstanding Option, Restricted Stock Unit, Performance Award or Other Stock Based Award, which it determines are equitably required to prevent dilution or enlargement of the rights of optionees and awardees which would otherwise result from any such transaction, and (ii) unless otherwise determined by the Committee in its discretion, any stock, securities, cash or other property distributed with respect to any Restricted Stock held in escrow or for which any Restricted Stock held in escrow shall be exchanged in any such transaction shall also be held by the 

Corporation in escrow and shall be subject to the same restrictions as are applicable to the Restricted Stock in respect of which such stock, securities, cash or other property was distributed or exchanged.
No adjustment or substitution provided for in this Section 8.01 shall require the Corporation to issue or sell a fraction of a Share or other security. Accordingly, all fractional Shares or other securities which result from any such adjustment or substitution shall be eliminated and not carried forward to any subsequent adjustment or substitution. Owners of Restricted Stock held in escrow shall be treated in the same manner as owners of Common Stock not held in escrow with respect to fractional Shares created by an adjustment or substitution of Shares, except that, unless otherwise determined by the Committee in its discretion, any cash or other property paid in lieu of a fractional Share shall be subject to restrictions similar to those applicable to the Restricted Stock exchanged therefore. In the event of any other change in or conversion of the Common Stock, the Committee may in its discretion adjust the outstanding Awards and other amounts provided in the Plan in order to prevent the dilution or enlargement of rights of Participants.
Section 9. Change in Control Provisions
9.01       Acceleration of Exercisability and Lapse of Restrictions. Unless otherwise determined by the Committee at the time of grant of an Award or unless otherwise provided in the applicable Award Agreement, if (i) a Change in Control shall occur, and (ii) a Termination of Employment occurs, then, in addition to any other rights of post-termination exercise which the Participant (or other holder of the Award) may have under the Plan or the applicable Award Agreement: (i) all outstanding Awards pursuant to which the

Participant may have exercise rights, which are restricted or limited, shall become fully exercisable and shall remain exercisable until the expiration date of the award; and (ii) all restrictions or limitations, including risks of forfeiture, on outstanding Awards subject to restrictions or limitations under the Plan shall lapse.
In addition, upon the occurrence of a Change in Control, all performance criteria and other conditions to payment of Awards under which payments of Shares or other property are subject to conditions shall be determined using the abbreviated performance period ending upon the date of the Change in Control. Notwithstanding the foregoing, unless otherwise determined by the Committee at the time of grant of an Award or unless otherwise provided in the applicable Award Agreement, if a Change in Control shall occur, (i) scheduled vesting dates for performance-based Awards will not be affected by a Change in Control and (ii) all Awards shall remain payable on the dates provided in the underlying Award Agreements and the Plan.
9.02     Termination of Employment or Service in connection with a Change in Control. If within the two-year period beginning on the date of a Change in Control the employment or service of a Participant shall be terminated (i) involuntarily for any reason other than for Cause or (ii) in the case of Participants who have been determined by the Committee to be executive management prior to the time of the Change in Control, voluntarily for Good Reason, such termination shall be a “Termination of Employment” for purposes of this Plan.
The Participant’s right to terminate his or her employment pursuant to this Section shall not be affected by the Participant’s incapacity due to physical or mental illness or eligibility for retirement. The Participant’s continued employment shall not constitute consent to, or a waiver of rights with respect to, any circumstance constituting Good Reason hereunder.
Section 10. Amendments to and Termination of the Plan
10.01     The Board may amend, alter, suspend, discontinue or terminate the Plan without the consent of stockholders or Participants, except that, without the approval of the stockholders of the Corporation, no amendment, alteration, suspension, discontinuation or termination shall be made if stockholder approval is required by any federal or state law or regulation or by the rules of any stock exchange on which the Shares may then be listed, or if the Board in its discretion determines that obtaining such stockholder approval is for any reason advisable; provided, however, that without the written consent of the Participant, no amendment, alteration, suspension, discontinuation or termination of the Plan may materially and adversely affect the rights of such Participant under any Award theretofore granted to him. The Committee may, consistent with the terms of the Plan, waive any conditions or rights under, amend any terms of, or amend, alter, suspend, discontinue or terminate, any Award theretofore granted, prospectively or retrospectively; provided, however, that without the consent of a Participant, no amendment, alteration, suspension, discontinuation or termination of any Award may materially and adversely affect the rights of such Participant under any Award theretofore granted to him.
Section 11. General Provisions
11.01     No Right to Awards; No Stockholder Rights. No Participant, employee or director shall have any claim to be granted any Award under the Plan, and there is no obligation for uniformity of treatment of Participants, employees and directors, except as provided in any other compensation, fee or other arrangement. No Award shall confer on any Participant any of the rights of a stockholder of the Corporation unless and until Shares are in fact issued to such Participant in connection with such Award.
11.02     Withholding. To the extent required by applicable Federal, state, local or foreign law, the Participant or his successor shall make arrangements satisfactory to the Corporation, in its discretion, for the satisfaction of any withholding tax obligations that arise in connection with an Award. The Corporation shall not be required to issue any Shares or make any other payment under the Plan until such obligations are satisfied.
The Corporation is authorized to withhold from any Award granted or any payment due under the Plan, including from a distribution of Shares, amounts of withholding taxes due with respect to an Award, its exercise or any payment thereunder, and to take such other action as the Committee may deem necessary or advisable to enable the Corporation and Participants to satisfy obligations for the payment of such taxes. This authority shall include authority to withhold or receive Shares, Awards or other property and to make cash payments in respect thereof in satisfaction of such tax obligations. The Fair Market Value of any Shares withheld or tendered to satisfy any such tax withholding obligations shall not exceed the amount determined by the applicable minimum statutory withholding rates or such other limitations as will not cause adverse accounting consequences or cost, except as 

otherwise specifically provided in any Award Agreement with respect to a Participant subject to tax withholding in any foreign jurisdiction in which there is no minimum statutory withholding rates.
11.03     No Right to Employment or Continuation of Service. Nothing contained in the Plan or any Award Agreement shall confer, and no grant of an Award shall be construed as conferring, upon any Participant any right to continue in the employ or service of the Corporation or to interfere in any way with the right of the Corporation or stockholders to terminate his employment or service at any time or increase or decrease his compensation, fees, or other payments from the rate in existence at the time of granting of an Award, except as provided in any Award Agreement or other compensation, fee or other arrangement.

11.04     Unfunded Status of Awards; Creation of Trusts. The Plan is intended to constitute an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give any such Participant any rights that are greater than those of a general unsecured creditor of the Corporation; provided, however, that the Committee may authorize the creation of trusts or make other arrangements to meet the Corporation’s obligations under the Plan to deliver Shares or other property pursuant to any Award, which trusts or other arrangements shall be consistent with the “unfunded” status of the Plan unless the Committee otherwise determines.
11.05     No Limit on Other Compensatory Arrangements. Nothing contained in the Plan shall prevent the Corporation from adopting other or additional compensation, fee or other arrangements (which may include, without limitation, employment agreements with executives and arrangements which relate to Awards under the Plan), and such arrangements may be either generally applicable or applicable only in specific cases. Notwithstanding anything in the Plan to the contrary, the terms of each Award shall be construed so as to be consistent with such other arrangements in effect at the time of the Award.
11.06     No Fractional Shares. No fractional Shares shall be issued or delivered pursuant to the Plan or any Award. The Committee shall determine whether cash, other Awards or other property shall be issued or paid in lieu of fractional Shares or whether such fractional Shares or any rights thereto shall be forfeited or otherwise eliminated.
11.07     Governing Law. The validity, interpretation, construction and effect of the Plan and any rules and regulations relating to the Plan shall be governed by the laws of the Commonwealth of Pennsylvania (without regard to the conflicts of laws thereof), and applicable Federal law.
11.08     Severability. If any provision of the Plan or any Award is or becomes or is deemed invalid, illegal or unenforceable in any jurisdiction, or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to applicable laws or if it cannot be construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or Award, it shall be deleted and the remainder of the Plan or Award shall remain in full force and effect; provided, however, that, unless otherwise determined by the Committee, the provision shall not be construed or deemed amended or deleted with respect to any Participant whose rights and obligations under the Plan are not subject to the law of such jurisdiction or the law deemed applicable by the Committee.
Section 12. Term of the Plan
12.01     The Plan shall continue in effect until the earlier of its termination by the Board or the date on which all of the Shares available for issuance under the Plan have been issued and all restrictions on such Shares under the terms of the Plan and the agreements evidencing Awards granted under the Plan have lapsed. However, Awards shall not be granted later than the tenth anniversary of stockholder approval.Exhibit 4.115

 

Dated on: March 30, 2015

 

iSTAR Capital International Co. Limited

(“iSTAR Capital International”)

 

and

 

iSTAR Management Limited

(“iSTAR Management”)

 

and

 

Tianfeng Securities Co., Ltd.

(“Buyer”)

 

and

 

Beijing Fuhua Innovation & Technology Development Co., Ltd.

(“Guarantor”)

 

 

Agreement for Sale of 100% Equities of iSTAR International Futures
Co. Limited and 100% Equities of iSTAR International Wealth Management Co. Limited

 

 

     

     

    

Contents

 

		1.	Definitions

		2.	Sale of Equities

		3.	Conditions Precedent and Before-Transaction Liabilities 

		4.	Transaction 

		5.	Representations and Warranties

		6.	Acts from the Signature Date of the Agreement to the Date of Transaction

		7.	Further Stipulations and other Warranties

		8.	Information

		9.	Guarantee

		10.	Non-Competition Undertakings 

		11.	Indemnity Warranty

		12.	Confidentiality

		13.	Partial Invalidity

		14.	Transfer

		15.	Subsequent Effect of the
                                         Agreement

		16.	General Terms and Conditions

		17.	Notice

		18.	Copies and Legal Language

		19.	Governing Law, Jurisdiction
                                         and Receiving Agent of Legal Instruments

 

Signature

 

Appendix 1 Basic Information of iSTAR International Futures
Co. Limited and iSTAR International Wealth Management Co. Limited

Appendix 2 Information of the Business

Appendix 3 Representations and Warranties 

Appendix 4 Tax Indemnity Agreement 

 

     

     

    

This Agreement dated on March
30, 2015 is signed and entered into by and among the following Parties. 

 

Contracting Parties:

 

(1) ISTAR CAPITAL INTERNATIONAL CO. LIMITED,
a limited company registered and organized in British Virgin Islands, with the registered office at P.O. Box
957, Offshore Incorporations Centre Road Town,
Tortola, British Virgin Islands (“iSTAR Capital International”);

 

(2) ISTAR MANAGEMENT LIMITED,
a limited company registered and organized in British Virgin Islands, with the registered office at P.O. Box
957, Offshore Incorporations Centre Road Town,
Tortola, British Virgin Islands (“iSTAR Management”,
collectively referred to as the “Transferors” together with iSTAR
Capital International)

 

(3) Tianfeng Securities Co., Ltd.,
a company limited by shares that is registered and organized in Wuhan, Hubei, China, with the registered office at 37F, Tower
A, Poly Plaza, No. 99 of Zhongnan Road, Wuchang District, Wuhan, Hubei, China (the “Buyer”);
and 

 

(4) Beijing Fuhua Innovation & Technology Development Co.,
Ltd., a limited liability company registered and organized in Beijing, China, with the registered address at Rooms 938-941,
Tower C, International Enterprise Building, No.35 of Finance Street, Xicheng District, Beijing, China (the
“Guarantor”).

 

Foreword: 

 

(A) iSTAR Capital International and iSTAR Management are the beneficial
owners of all equities issued by iSTAR International Wealth Management Co. Limited (“iSTAR Wealth”) and iSTAR
International Futures Co. Limited (“iSTAR Futures”, collectively referred to as the “Target Companies”
together with iSTAR Wealth). The summary information of the Target Companies is listed in Appendix 1.

 

(B) The Target Companies have obtained all approvals, certificates,
licenses that shall be obtained for operating the Business (see the definition below), which remain effective at the present.
The duplicate of the license for such Business and related search results are stated in Appendix 2.

 

(C) Both Transferors agree to, on the terms and conditions of this
Agreement, sell the Salable Equities (see the definition below) to the Buyer and the Buyer agrees to purchase such equities on
the same terms and conditions. From the signature date of this Agreement to the time when the transaction is carried out, the
Transferors are the beneficial owners of the Salable Equities.

(D) The Guarantor is an affiliate of the Transferors in China and owns the website of Financial World (www.jrj.com)
in China. The Guarantor agrees to guarantee and undertake to the Buyer according to the terms and conditions mentioned below that
the Transferors will fullly perform all their obligations and liabilities hereunder.

 

Now therefore, the contracting Parties reach and enter into an
agreement as follows:

 

1. Definitions

 

1.1 In this Agreement, including the statement of fact, appendixes
and annexes, the following words shall have the following meanings, unless otherwise required by the context:

 

1. “Audited Accounts” mean the audited consolidated
financial statements of the Target Companies that are prepared according to Hong Kong Accounting Standards for three fiscal years
up to December 31, 2014 and for two months up to February 28, 2015, including the audited income statement, cash flow statement,
balance sheet, all notes to financial statements, and auditors’ reports for such years;

 

     

     

    

2. “Management Accounts” mean the consolidated management
accounts for the period from February 28, 2015 to March 31, 2015, including the unaudited income statement, cash flow statement,
balance sheet and all notes for such period; and Management Accounts and the Audited Accounts are collectively referred to as the
“Accounts”;

 

“Agreement”: means this agreement and the Agreement
amended from time to time pursuant to the provisions of Article 16.2;

 

“Board of directors”: for a company or enterprise at
a certain time, means the board of directors of such company or enterprise at such time;

 

“Business Day”: means a day on which the licensed banks
of Hong Kong open for Business, with the exception of the following days: (i) Saturdays, (ii) any day on which Gale or Storm Signal
No. 8 or above is or is still hoisted in Hong Kong from 9:00 in the morning to 12:00 o’clock at noon and the warning has
not been listed at or before 12:00 o’clock at noon; or (iii) any day on which black storm warning signal is or is still
hoisted in Hong Kong before 12:00 o’clock at noon and the warning has not been listed at or before 12:00 o’clock at
noon;

 

“Business” means the business that is being operated
by the Target Companies, including but not limited to:

 

(i) the business involved in all regulated activities subject to the regulation of Securities
and Futures Commission of Hong Kong (the summary information of which is listed in Appendix 2), including the business carried
out as:

 

(a) (In the case of iSTAR Futures) an intermediary of type 2 regulated
activities of Securities and Futures Commission of Hong Kong (dealing in futures contract)

 

(b) (In the case of iSTAR Wealth) an intermediary of type 4 regulated
activities of Securities and Futures Commission of Hong Kong (giving investment advice relating to the sale/purchase of securities)

 

(c) (In the case of iSTAR Wealth) an intermediary of type 5 regulated
activities of Securities and Futures Commission of Hong Kong (giving investment advice relating to the sale/purchase of futures
contracts)

 

(d) (In the case of iSTAR Wealth) an intermediary of type 9 regulated
activities of Securities and Futures Commission of Hong Kong (providing assets management);

 

(ii) the business carried out by iSTAR Futures as a futures dealer of Hong Kong Futures
Exchange Limited (certificate number: EP0353); and

 

(iii) the business carried out by iSTAR Futures as a clearing participant
(certificate number: CP0318) of HKFE Clearing Corporation Limited.

 

“Director”: in the case of a certain company at a certain
time, means the director of such company at such time;

 

“Disposal” means any sale of, transfer of, exchange
of, granting, lending, leasing, terminating of lease of, renting, licensing, directly or indirectly retaining, waiving, conceding,
assigning, dealing with or conferring, any option, right of priority, or other rights or interests, including signing any agreement
with respect to the foregoing acts;

 

“Encumbrance” means any hypothecation, mortgage, pledge,
lien (except for that created under law), or equitable mortgage on any property, asset, right or interest (regardless of the nature
thereof), or any adverse claim against such property, asset, right or interest, or establishment of other encumbrances, right of
priority, or security interest on such property, asset, right or interest, or the back ordering, title retention, leasing, sale,
or leaseback arrangement of such property, asset, right or interest, or any agreement with respect to the foregoing contents;

 

     

     

    

“HK$” means Hong Kong dollar, the legal currency of
Hong Kong at the present;

 

“Hong Kong” means the Hong Kong Special Administrative
Region of the People’s Republic of China;

 

“Intellectual Property” means the trademark, patent,
registered design, copyright, software copyright, trade name, mark, other business logo, other business or service business name
(whether registered or registerable or not), all related applications and rights to application, and all other intellectual properties
and industrial properties incorporated in the proprietary technologies that may exist around the world;

 

“Material Adverse Change” means any change that generally
brings about material adverse impact on the financial situation, Business, or property, operating results, business prospects or
assets of the Target Companies;

 

“China” means the People’s Republic of China and,
for the purpose of this Agreement, does not including Hong Kong SAR, Macao SAR, and Taiwan;

 

“SFC" means Securities & Futures Commission of Hong
Kong; 

 

“CSRC” means China Securities Regulatory
Commission;

 

“Tax” means:

 

(i) any liability for tax of any form that is incurred or imposed
at any time, whether in Hong Kong, China or any other place of the World and, without prejudice to the foregoing general principles,
including profit tax, prepaid profit tax, salaries tax, property tax, capital tax, stamp tax, payroll tax, withholding tax, rate,
tariff, VAT and blanket rate, customs duty, import tax, levy, or local levy, and any amount that shall be paid to the tax bureau,
customs, or financial authorities of Hong Kong, China, or any other places of the world;

 

(ii) Any compensation, allowance, or offset that may be exempted
according to tax regulations but which is deprived or deductions in the calculation of profit; and

 

(iii) All expenses, interests, penalties, charges or expenditures
that shall be paid or borne by the Target Companies in connection with tax or any exemption, allowance or offset or in the calculation
of the right to deduct from profit or tax;

 

“Warranty” means the representations, warranties and
undertakings make by Transferors and the Guarantor with respect to the Target Companies and that are listed in Article 5 and Appendix
3;

 

“Warranty-related Claim” means any claim made by the
Buyer for the breach by the Transferors and the Guarantor of any warranty;

 

“Conditions Precedent” mean the conditions precedent
as listed in Article 3.1 hereof;

 

“Regulated Activities” shall have the meaning as given
to such term in the Securities and Futures Ordinance of Hong Kong;

 

“%”: means percent;

 

“Property” means the property located at Rooms
3705-07, the Center, 99 Queen’s Road Central, Hong Kong;

 

“Licensed” has the meaning given to such term in the
Securities and Futures Ordinance of Hong Kong;

 

“Licensee Corporation” has the meaning given to such
term in the Securities and Futures Ordinance of Hong Kong and, for the purpose of this Agreement, refers to the Target Companies
and the Licensed Corporations in connection with the Business;

 

     

     

    

“Disclosed” means that disclosure has been made in this
Agreement (including appendixes and schedules) in a fair and reasonable manner;

 

“Tax Indemnity Agreement” means a tax indemnity agreement
that shall be signed, sealed and delivered to the Buyer by the Transferors, the Guarantor, and the Target Companies on the date
of transaction with respect to all tax liabilities of the Transferors and the Guarantor or the Target Companies on or before the
date of transaction from which the Transferors and the Guarantor shall indemnify the Buyer and the Target Companies; the contents
and format of such agreement are listed in Appendix 4;

 

“Salable Equities” mean (a) 17,850,000 ordinary shares
(51%) that have been issued by iSTAR Futures and that are held by iSTAR Capital International
and 17,150,000 ordinary shares (49%) that have been issued by iSTAR Futures and that are held by iSTAR
Management; and (b) 6,000,000 ordinary shares that have been issued by iSTAR Wealth are 100% share capital issued by all Target
Companies and are all beneficially held by the Transferors; 

 

“New Employment Agreement”
means the employment agreement that is newly signed by each Target Company and the management members of such Target Company on
or before the date of transaction and whose terms and conditions shall obtain the prior written consent of the Buyer; 

 

“Management of the Target
Companies” means the management members of the Target Companies; 

 

“Trading License” means the futures dealer certificate
(certificate number: EP0353) issued by Hong Kong Futures Exchange Limited to the Target Companies and the clearing participating
certificate (certificate number: CP0318) issued by HKFE Clearing Corporation Limited to the Target Companies.

 

“SFC License” means the license (Securities and Futures
Ordinance (Chapter 571 of Laws of Hong Kong)) (CE number: ARP340) and the license (Securities and Futures Ordinance (Chapter 571
of Laws of Hong Kong)) (CE number: ASF056) that are issued by Securities and Futures Commission of Hong Kong to the Target Companies
for corresponding part of the Business.

 

“License” means the trading license and SFC license.

 

1.2 In this Agreement:

 

(a) A reference to any legal term (concerning lawsuit, remedy, judicial
proceeding, legal instrument, legal status, court, and official agency) or any legal concept or matter of Hong Kong Laws in this
Agreement, when used in any other jurisdictions outside Hong Kong, shall be deemed to include the legal terms that are used in
such jurisdiction and that are closest to the concept of the legal terms of Hong Kong;

 

(b) “Articles” and “sections” mean the articles
and sections of this Agreement;

 

(c) “Annexes” and “Appendixes” mean the
annexes and appendixes to this Agreement, unless otherwise indicated;

 

(d) “Paragraph” means a section mentioning such paragraph
of a paragraph in an appendix;

 

(e) Any ordinance, regulation or other legal provisions (including
listing rules) include such ordinance, regulation or other legal provisions (including listing rules) that are amended, consolidated
or newly formulated, or the legal instruments, decrees or regulations formulated according to such ordinance, regulation or other
legal provisions or according to such amended or newly formulated ordinance, regulation or other legal provisions;

 

     

     

    

(f) Words importing a gender includes the feminine gender, masculine
gender and neutral gender; person includes company and vice versa in all events;

 

(g) If any date of payment or any day mentioned herein does not
fall on a Business Day, such day shall be postponed to the following Business Day; and

 

(h) If permitted by the context, the “Buyer” “Transferor”
and “Transferor & Guarantor” include the all Buyers, all Transferors, and all Transferors & Guarantors and
their respective successors and approved transferees.

 

1.3 The headings and contents herein are for the convenience of
reading only and shall not affect the interpretation of this Agreement.

 

1.4 Unless otherwise required by the context, in this Agreement,
subsidiary shall have the meaning given to such term in the Company Ordinance of Hong Kong and holding company shall be
construed correspondingly.

 

1.5 The definitions and names in Article 1 and the preface shall
apply to this Agreement and the appendixes.

 

1.6 The appendixes shall constitute a part of this Agreement and
shall have the same effect as if such appendixes were explicitly stated in the main body of this Agreement; a reference to this
“Agreement” herein shall include the appendixes hereto.

 

1.7 All liabilities and obligations of all Transferors & Guarantor
hereunder are jointly and severally assumed.

 

2. Salable Equities

 

2.1 Subject to the terms and conditions hereunder and subject to
the satisfaction of the Conditions Precedent stated in Article 3.1, the Transferor, as the legal and beneficial owner of the Salable
Equities, agrees to sell and transfer to the Buyer, and the Buyer agrees to purchase and receive from the Transferor, the Salable
Equities free of any lien, pledge and other Encumbrances, together with all existing rights and subsequent ancillary or additional
rights to the Salable Equities from the signature date of this Agreement, including but not limited to all dividends announced,
distributed or paid on the date of this Agreement or thereafter.

 

2.2 The total transfer price for the Salable Equities shall be the
total calculated in the following manner:

 

(a) HK$ 8,000,000;

 

(b) Total net asset value of the Target Companies stated in the
audited financial report up to February 28, 2015;

 

(c) The overall balance of the net asset value of the Target Companies
calculated in the following manner:

 

(Total net asset value stated in the financial report of the Target
Companies up to March 31, 2015)--(total net asset value of the Target Companies stated in the audited financial report up to February
28, 2015)

 

Subject to the terms hereof, the Buyer and the seller shall pay
and treat the total transfer price in the following manner:

 

(a) Within ten Business Days after this Agreement is signed, the
Buyer shall deposit forty million Hong Kong Dollars (HK$40, 000,000) (“Down Payment”)
in a lump sum in the bank account designated by the Transferor; and

 

     

     

    

(b) Within ten Business Days after the date of transaction, the
Down Payment shall serve as a part of the total transfer price and the Buyer shall pay the balance of the transfer price after
deducting the Down Payment to the bank account designated by the Transferor.

 

(c) If any date of payment does not fall on a Business Day, the
payment shall be postponed to the following Business Day.

 

2.3 The total transfer price for the Salable Equities shall be paid
on the terms hereof in cash (including the payment in check or promissory notice, by TT or bank transfer, or by other means).

 

2.4 The Parties hereto agree that all Salable Equities hereunder
must be transferred at the same time. If the transaction of all Salable Equities cannot be completed at the same time, the Buyer
is not liable to complete the transaction.

 

2.5 Change of purchasing entity: if the Buyer fails to obtain
the approval or consent of CSRC mentioned in Article 3.1(d) hereof on or before September 30, 2015, the Parties hereto agree that
the Buyer has the right to have another purchasing entity (including but not limited to another independent third party) designated
thereby replace the Buyer and become a contracting Party hereto to continue performing this Agreement and/or agreement documents
on the Salable Equities and to inherit all rights and liabilities of the Buyer herein so as to cause all dealings under this Agreement
and/or agreements on the Salable Equities to be successfully closed.

 

3. Conditions Precedent and Before-transaction
Liabilities

 

3.1 The purchase by the Buyer
of the Salable Equities shall be preconditioned on the satisfaction of all following conditions: 

 

(a) The Buyer and the agents and
professional advisers thereof are satisfied with the results of due diligence (“Due Diligence”)
carried out in law, accounting, finance, business, operation or other aspects of the Target Companies as deemed important by the
Buyer; 

 

(b) The Buyer, under the assistance
of the Transferors, the Transferors & the Guarantor, and Target Companies, apply to SFC, HKFE Clearing Corporation Limited,
and/or other regulatory authorities for approving or agreeing to approve this Agreement and all dealing procedures, licenses, change
of shareholders, and (if applicable) Directors or Licensed Corporations, and have obtained all necessary approvals and permits;

 

(c) The Buyer and the Transferors
have obtained, according to all applicable laws and regulations, all necessary approvals and permits, n connection with this Agreement
and the matters on the dealing contemplated herein; 

 

(d) CSRC has granted approval
or agreed to approve this Agreement and all dealings contemplated herein; 

 

(e) The Buyer is satisfied that,
at any time from the signature date of this Agreement to the date of transaction, all Warranties hereunder continue to remain true
and correct, are free of any material misguiding, have not been breached, and have not undergone any Material Adverse Change resulting
from any event or circumstance; 

 

(f) The Buyer has not, from the
signature date of this Agreement, discovered or become aware of any abnormal operation by the Target Companies, or any Material
Adverse Change in the Business, situation (including assets, finance, and legal status), operation, performance or property of
the Target Companies, or any undisclosed significant potential risks of the Target Companies. 

 

(g) The Transferors cause all
Target Companies to have signed, before the date of transaction, New Employment Agreement with their respective Management and
the Management employees dispatched by the Buyer; 

 

     

     

    

(h) (If applicable) The Transferors
have obtained, for the Target Companies, the written consent, of the banks or financial institutions that have loan and/or mortgage
and/or other contractual relationship with such Target Companies, to the change of the shareholders of the Target Companies to
the shareholders of the Buyer, unless such change is not required in related to contractual relationship; 

 

(i) (If applicable) The Transferors
have released the Target Companies from all pledges, guarantees or Encumbrances of any other forms that are provided by any Target
Company to any party as well as registration or enrollment in connection therewith. 

 

(j) There is no circumstance that
has resulted in, results in or may possibly result in the failure on the part of the Transferors to sell the Salable Equities or
any part thereof. 

 

(k) There is no event that has
resulted in, results in, or may possibly result in any Material Adverse Change in the ability of the Target Companies, Transferors
and the Guarantor to perform or abide by any obligation, undertaking or covenant under this Agreement; 

 

(l) Except for the affiliated
party transactions and balances carried out due to recurrent businesses, the Target Companies have stopped other affiliated party
transactions and have paid off all related affiliated party balances; and 

 

(m) (If applicable) The Transferors
have caused the Target Companies to pay off or to be exempted from all loans lent by all Transferors and/or other affiliates as
the lenders to the Target Companies. 

 

3.2 The Buyer may waive, in writing,
any Condition Precedent stated in Article 3.1 (with the exception of Articles 3.1 (b), (c), and (d)). If any Conditions Precedent
stated in Article 3.1 cannot be satisfied or be waived or exempted by the Buyer on September 30, 2015 or a later date approved
by the Parties in writing, this Agreement, with the exception of Article 3.2, Article 9, Article 11, Article 12 and Articles 16
through 19, shall lose effect and terminate on October 1, 2015, provided that this Agreement and any matter stated herein as well
as the rights and obligations of the Parties hereto shall not conflict with the liabilities assumed by any Party to the other Party
for breaching any provisions hereof before the termination of this Agreement. The Transferors and the Transferors & the Guarantor
Warrant making their best reasonable efforts to cause the satisfaction, before the time specified in Article 3.1 (if applicable),
of the conditions specified in such Article. 

 

3.3 The Buyer and the agents and
professional advisers thereof have the right to (but are not obligated to) carry out Due Diligent mentioned in Article 3.1(a);
and the Transferors & the Guarantor undertake to reasonably provide assistance (and undertake to cause the assistance to be
reasonably provided) to the Buyer and the agents and professional advisers thereof in such investigation and verification. 

 

4. Transaction 

 

4.1 The transaction shall be carried
out at the four o’clock on the afternoon of the fifth (5th) Business Day (Hong Kong time) after all Conditions
Precedent in Article 3.1 have been satisfied or exempted (or on a later date or at a later time determined by the Parties in writing)
(“Date of Transaction”) in the office of the Buyer’s attorney. At the time of the transaction, all (nor some)
of the following Businesses shall be handled:

 

(a) If the Buyer complies with
Article 4.1 (d), the Transferors shall deliver or cause to be delivered to the Buyer:

 

     

     

    

(i) instrument of transfer and
voucher of sale or other similar documents that are officially signed by the Transferors (or the Transferors cause a third party
or its nominee to be officially sign the same, if applicable) in favor of the Buyer or the nominee designated thereby with regard
to the Salable Equities so as to grant valid, legal and beneficial ownership of the Salable Equities to the Buyer or the nominee
designated thereby so that the Buyer or such nominee will become a registered shareholder of the Salable Equities; 

 

(ii) Original stocks of the Salable
Equities; 

 

(iii) Tax Indemnity Agreement
that is properly signed, sealed and delivered by the Transferors and Target Companies;

 

(iv) Verified copy of the New
Employment Agreement that is signed by the Management of each Target Company (including one non-executive Director assigned by
the Buyer to each Target Company and a financial manager) and the Target Company and that has been certified by any Director; 

 

(v) Verified copy of Certificate
of Good Standing and Certificate of Incumbency
of the Transferors;

 

(vi) (If applicable) Written proof
on the release of the Target Companies from any pledge, guarantee or Encumbrance of any other forms provided by the Target Companies
to any party and from related registration or enrollment; 

 

(vii) (If applicable) Written
consent, of all banks or financial institutions that have loan and/or mortgage and/or other contractual relationship with any Target
Company, to the change of the shareholders of the Target Company to the shareholders of the Buyer; 

 

(viii) (If applicable) Verified
copy of any power of attorney or other letters of authorization on the basis of which the instrument of transfer and the voucher
of sale or other similar documents on the Salable Equities are signed; 

 

(ix) Corporate organization documents,
original articles of association, all registers of shareholders, registers of Directors, and registers of pledges of each Target
Company, and originals of all documents and statutory records of the Target Companies, corporate seal and corporate steel seal
of the Target Companies, all Trading Licenses, SFC Licenses and originals of communication documents with related issuing authorities
of the foregoing Licenses, all attachments to letters issued by SFC to any Target Company, and all attachments to letters sent
by such Target Company to SFC, and Business contracts for operating the Business, and customer archives; 

 

(x) Financial data of each Target
Company, original of financial report of each fiscal year (December 31) audited by an accountant, monthly bank statements, bank
passbooks (if any) and originals or verified copies of letters and documents sent by banks to the Target Companies or sent by the
Target Companies to the banks; 

 

(xi) Deliver, to the Buyer, the
verified copy proving the meeting record of the board meeting mentioned in Article 4.1(b). 

 

(xii) Deliver, to the Buyer, the
verified copy proving the meeting record of the board meeting mentioned in Article 4.1(c). 

 

(b) The transfers hold a board
meeting, at which,

 

(i) The transfer of Salable Equities
to the Buyer is approved; 

 

(ii) This Agreement, Tax Indemnity
Agreement and all contemplated matters are approved; 

 

     

     

    

(iii) The signature, (if applicable)
sealing, and delivery by the representatives of the Transferors of this Agreement, Tax Indemnity Agreement and other dealing-related
documents are approved; and 

 

(iv) other matters reasonably
required by the Buyer before the Date of Transaction are dealt with and decided on so as to cause this Agreement and the dealing
hereunder to take effect. 

 

(c) The Transferors cause the
Target Companies to hold a board meeting, at which: 

 

(i) The transfer of the Salable
Equities by the transfers to the Buyer or a nominee designated thereby and the registration of such transfer are approved; 

 

(ii) The issuance of new stocks
with respect to the Salable Equities and the registration of shareholders in the name of the Buyer or the nominee designated thereby
are approved; 

 

(iii) The signature, (if applicable)
sealing, and delivery by the representatives of the Target Companies of Tax Indemnity Agreement and all related matters contemplated
therein are approved;

 

(iv) The appointment, pursuant
to the requirement of the Buyer, of the Directors and/or corporate secretary designated by the Buyer and acceptance of the resignation
application of the Directors and/or corporate secretary designated by the Buyer are approved; 

 

(v) The list of persons that are
authorized to operate the bank accounts and to change all existing bank accounts (if any) of the Target Companies pursuant to the
requirements of the Buyer and specimen signatures are approved; 

 

(vi) Other related matters are
dealt with pursuant to reasonable requirements made by the Buyer before the Date of Transaction so as to perform all terms and
liabilities in this Agreement and in the documents signed under this dealing. 

 

The Buyer must provide all necessary
materials at least two Business Days before the Date of Transaction so as to adopt the foregoing resolutions. 

 

(d) Subject to the compliance
with Articles 4.1 (a), (b) and (c) by the Transferors, the Buyer shall deliver verified copies of approval documents issued by
competent review body to the Buyer; related resolutions shall concern the approval of the form and contents of this Agreement and
Tax Indemnity Agreement as well as related documents under this Agreement, Tax Indemnity Agreement and this dealing and shall prove
the power of the authorized representative to sign, (if applicable) seal, and deliver this Agreement and Tax Indemnity Agreement
on behalf of the Buyer. 

 

4.2 The Transferors and the Guarantor
agree to assist in signing any document so as to confirm and ensure that the Buyer or other purchaser becomes the legal owner and
beneficial owner of 100% equities of the Target Companies on the Date of Transaction. 

 

5. Representations and Warranties

 

5.1 Apart from any other representations
or warranties made by the Transferors and the Guarantor hereunder, the Transferors and the Guarantor represent and Warrant to the
Buyer that all representations and warranties listed in Appendix 3 hereto are true, accurate, complete and non-misleading on the
date of this Agreement, at the time of transaction, and at all times before the transaction. 

 

5.2 Unless explicitly listed,
breaches of contract shall not be restricted by the contents of any other paragraphs and subparagraphs of Appendix 3 or any contents
of this Agreement. 

 

     

     

    

5.3 Any investigation conducted
by the Buyer or its agents does not affect its claim or reduces the amount of compensation it is entitled to and the Transferors
and the Guarantor shall not defend on the ground that the Buyer should have known or should have had the knowledge of circumstances
resulting in claims. 

 

5.4 The Transferors and the Guarantor
shall not take the fact, as a defense against the claim made by the Buyer hereunder, that the Transferors and the Guarantor rely
on the information furnished thereto by any Target Company or by any of their respective representatives. 

 

5.5 The Transferors and the Guarantor
may not, before the Date of Transaction, conduct, permit or carry out any act that may constitute a material breach or permit the
Transferors or any Target Company to commit any act that may constitute material breach or non-performance of liability; if the
foregoing act will reduce the accuracy of any Warranty or lead to any misunderstanding thereof at the time of occurrence or on
the Date of Transaction, the Transferors and the Guarantor hereby warrant that they will, after becoming aware of the same, disclose
to the Buyer in writing any fact that occurs before the Date of Transaction, that constitutes or may result in breach, or that
is inconsistent with any Warranty or may reduce the accuracy of the Warranty, or lead to the misunderstanding thereof and the fact
that, at that time, constitutes a breach, or is inconsistent with any Warranty, or may reduce the accuracy of the Warranty, or
leads to the misunderstanding thereof. 

 

5.6 If the Warranties include
such presentations as “to the knowledge of the Transferors and the Guarantor", “to the best knowledge, information
or views of the Transferors and the Guarantor” and “to the best knowledge and belief of the Transferors”, such
Warranties shall be deemed to be made by the Transferors and the Guarantor according to its best knowledge, information and views
after getting a reasonable and necessary knowledge and to have reasonably ensured the authenticity and accuracy of all Warranties.

 

5.7 Unless otherwise explicitly
listed herein, when any Party herein is unable to fulfill material obligations (including the obligations at the time of transaction)
herein before the Date of Transaction or materially breaches the Warranty clause, without prejudice to other rights (including
but not limited to the right to damages), the non-breaching Party may give a notice, requiring the breaching party to perform the
obligations or to compensate, to the feasible extent, for losses caused by such breach, or may assert that the breaching Party
refuses to perform this Agreement and thus rescind this Agreement. The rights conferred in this Article to the Parties are additional
and shall not affect all other rights of the Parties. The failure to exercise the rights conferred in this Article does not constitute
the waiver of such rights. 

 

5.8 The Transferors and the Guarantor
sign an indemnity agreement with the Buyer, whereby he Transferors and the Guarantor shall offer full indemnify for the losses
and liabilities suffered by the Buyer due to any breach by the Transferors and the Guarantor of the Warranty clause or breach of
contract, and for the asset wear and tear, allowance loss, offset and loss suffered by the Target Companies due to correction of
the breach of the Warranty clause or breach of the contract by the Transferors and the Guarantor, together with the expenses, penalties
and expenditures incurred by such breach of the Warranty clause or breach of contract. If the Transferors fraudulently breach the
Warranty clause or the contract, there is no upper limit on the total indemnity amount given by the Transferors and the Guarantor
to the Buyer, while, if the Transferors breach the Warranty clause or the contract but do not have the fraudulent intention and/or
act, the upper limit of the total indemnity amount given by the Transferors and the guarantee to the Buyer shall be the purchase
price. 

 

     

     

    

5.9 The Buyer signs this Agreement
on the basis of the Warranty clause and other clauses hereof; if the Warranty clause and other clauses hereof (including but not
limited to the indemnity clause) have not been fully performed after the Date of Transaction, related clauses shall remain effective
after the Date of Transaction until the date permitted by law to the largest extent. 

 

5.10 For the avoidance of dispute,
the Parties hereto agree that, if any condition arises, at any time during the period from the date on which this Agreement is
signed and takes effect to the Date of Transaction, under which the purchase price shall be returned while the Buyer does not know
the appearance of such condition before paying any part of the purchase price and thus is unable, for any reason, to terminate
this Agreement and/or take back any part of the purchase price that the Buyer has paid to the Transferors, that the Transferors
and the Guarantor will be deemed to have seriously breached related Warranties and must pay the Buyer liquidated damages equal
to the purchase price paid by the Buyer to the Transferors; the Parties hereto agree that the liquidated damages in this Article
5.9 are not the compensation in the penalty clause. All rights of the Buyer related to this Article 5.9 shall remain effective
until the date permitted by law to the largest extent. 

 

6. Acts between the Signature
Date of the Agreement to the Date of Transaction

 

6.1 Without the prior written
consent of the Buyer or unless otherwise provided herein, the Transferors and the Guarantor undertake and warrant that the Target
Companies may not commit the following acts during the period from the signature date of this Agreement to the Date of Transaction:

 

(a) Issuing or agreeing to issue
any capital stock or loan capital with an amount exceeding HK$500,000 or granting or agreeing to grant any option involving shares
or loan capital or the right to purchase or subscribe any share or loan capital; 

 

(b) Concluding any dealing agreement
or contract, trading, or business beyond the general normal business or with an amount exceeding HK$500,000, purchasing or selling
any rights and interests in any assets, or increasing or assuming any capital commitment or expenditure, or actual or contingent
liability in any form; 

 

(c) Except for general normal
business, establishing or permitting any hypothecation, pledge (fixed or floating), lien, mortgage, or mortgage or Encumbrance
in other forms, or rights and interests of any nature (whether similar to the foregoing or not), or establishing or creating lien
on any part of its business, property or assets of the Target Companies, except for the lien that is created according to law or
by its normal business operation and that involves a small amount; 

 

(d) Unless required by general
operation, borrowing any borrowing or loan exceeding HK$1,000,000; 

 

(e) Beyond the routine business
process, making any advance payment, or giving other credit or any guarantee or indemnity warranty to any person, or serving as
a Guarantor to any person, or guaranteeing the liability or obligation of any person, or accepting any direct or indirect liability,
with an amount of guarantee exceeding HK$1,000,000; 

 

(f) Changing the provisions of
any financing/loan document or mortgage arrangement that has material adverse impact on the overall Target Companies; 

 

     

     

    

(g) Breaching the liabilities
and obligations (including payment liabilities) under all agreements and contracts concluded thereby and all liabilities in connection
therewith; 

 

(h) Notifying the Buyer at the
earliest time possible when the Target Companies have any circumstance or event (including Taxes) that may result in any significant
claim or liability (whether at the present or in the future, actual or contingent, joint or several); 

 

(i) Amending the outline of association
and/or articles of association of the Target Companies, while such amendment constitutes material adverse impact on the rights
and interests of the Buyer; 

 

(j) Except for the Management
employees assigned by the Buyer in Article 7.1 hereof, appointing new Directors, employing any new employees, and concluding any
service agreement with the Directors or senior executives of the Target Companies, while the annual salary of such employees, Directors
or senior executives exceed HK$1,000,000; 

 

(k) Instituting, reaching an agreement
on, resolving, exempting, rescinding, or settling, any civil proceeding, criminal proceeding, arbitration or other legal proceedings,
or any liability, claim, lawsuit, request, or dispute, or waiving any right in connection with any of the foregoing (except for
the lawsuit against the Buyer with respect to this Agreement); 

 

(l) Terminating any agreement
or waiving any right therein, which causes Material Adverse Change in the Target Companies; 

 

(m) Terminating, or permitting
the cancellation of, any presently effective insurance policy related to the significant assets of the Target Companies; 

 

(n) Concluding any partnership
or joint venture arrangement with an investment amount exceeding HK$1,000,000;

 

(o) Liquidating the Target Companies
in any form; 

 

(p) Taking any actions contravening
the provisions of this Agreement or hindering the transaction; 

 

(q) Announcing distraction of
any dividend or other fund allocation arrangement to the shareholders of the Target Companies; or 

 

(r) Taking any actions that may
possibly affect the continued validity of all approvals, consents and Licenses necessary to the continuous operation of the Business
by the Target Companies. 

 

6.2 The Transferors and the Guarantor
undertake to cause the Target Companies to report, from April 1, 2015, its routine operation to the Management employees appointed
by the Buyer and to obtain the approval of such Management employees of the Buyer for any expenditure, dealing, or arrangement
exceeding HK$500,000. The Transferors and the Guarantor undertake to cause the Target Companies to deal with the employee matters
pursuant to Article 7.2 hereof and to assist the Management employees appointed by the Buyer in the routine operation of the Target
Companies. 

 

7. Further Stipulations and Other Warranties

 

7.1 Within 10 Business Days after
signing this Agreement, the Transferors and the Guarantor shall cause the board of each Target Company to nominate three to four
Management employees appointed by the Buyer, one of whom shall serve as the non-executive Director and one of whom shall serve
as the financial executive of each Target Company, to respectively sign a New Employment Agreement with such Management employees
before the Date of Transaction, and (if required) to assist in applying to SFC for change of personnel. 

 

     

     

    

7.2 Before the Date of Transaction,
the Transferors and the Guarantor undertake to make reasonable efforts to maintain good business relations as usual (under the
precondition of following the past business practice) with employees and cooperators with respect to the Target Companies and the
Business thereof and warrant, up to the Date of Transaction, maintaining responsible officers and representatives of a number not
less that that required by SFC for each Business of the Target Companies and ensure the normal operation of business. 

 

7.3 If reasonably required by
the Buyer, the Transferors and the Guarantor will efficiently implement these documents and implement further stipulations and
will grant all legal and beneficial ownership and future rights (in the case of the Salable Equities, including the right to collect
the profit and distribution announced, distributed or paid on or after the Date of Transaction) of the Salable Equities (free of
any Encumbrance) to the Buyer. 

 

7.4 The Buyer and the Seller agree
that the Buyer will, as of April 1, 2015, assume the profit and loss of the Target Companies and the shall be responsible for the
operation of Target Companies according to routine process and regulations; however, if this Agreement is signed on or after April
1, 2015, the Buyer will take responsibility for the business profit and loss of the Target Companies after signing this Agreement.

 

7.5 Except for the guarantee and
undertakings hereunder, all guarantee liabilities (whether corporate guarantee or individual guarantee) of the Transferors and
the Guarantor for the Target Companies and the guarantee liabilities (whether corporate guarantee or individual guarantee) concluded
or made to any bank or financial institution shall be discharged within a reasonable period after the transaction. The Buyer confirms
that, after the completion of the purchase of the Salable Equities on the Date of Transaction, it shall negotiate with the banks
on the bank financing of Target Companies and that the Transferors assume no liability for whether the bank financing can be extended
or not after the Date of Transaction. 

 

7.6 The Transferors and the Guarantor
undertake not to negotiate or conclude any contract or agreement with a third party or to make any undertakings in favor of a third
party before the Date of Transaction so as to: 

 

(a) sell, transfer, dispose of,
or trade, Salable Equities, or any part thereof;

(b) grant any right of negotiation to any person (whether exclusive right or non-exclusive right) for the purpose of or in connection
with selling, transferring, disposing of, or trading, Salable Equities, or any part thereof; or 

 

(c) attempt to hinder or prevent
the dealing involved herein. 

 

7.7 The Transferors and the Guarantor
further undertake, if the dealing fails to be concluded pursuant to the provisions hereof or loses effect and terminates according
to Article 3 hereof, they agree to return the Down Payment and the fund (if any) put in the Target Companies by the Buyer as of
April 1, 2015 (or the date on which the Buyer assumes the profit and loss of the Target Companies) to the Buyer within 14 days
after this Agreement loses effect and terminates. The Buyer shall issue an evidentiary document on the invested fund. 

 

7.8 The Parties become aware that,
SFC issued on January 2, 2015 a letter to iSTAR Futures (“Inquiry of SFC”), considering whether to exercise the Securities
and Futures Ordinance (Chapter 571 of Hong Kong Law) and requiring iSTAR Futures to submit
a series of documents (including but not limited to the records and documents on client fund flow and on third party’s funds
in the client accounts during the period from January 1, 2014 to July 31, 2014) and records; inquiring whether iSTAR Futures, Wu
Biwei, Huang Songbo, and/or other related persons have committed improper act and/or are improper and inappropriate persons. The
Transferors have confirmed that iSTAR Futures replied to SFC on January 16, 2015. Now therefore, the Transferors and the Guarantor
agree to make the following undertakings and guarantees to the Buyer: 

 

     

     

    

(a) The Transferors and the Guarantor
confirm that, except for the Inquiry of SFC, the SFC or other regulatory authorities have not issued any other inquiry or enquiry,
suspecting the Target Companies or the representatives or the responsible officers thereof contravene related law or regulation;

 

(b) The Transferors and the Guarantor
further undertake and guarantee that, if the act of any of the Transferors, Target Companies or the representatives or responsible
officers thereof contravenes related laws or regulations at any time before the Date of Transaction and thus results in any loss,
penalty, expenditure (including but not limited to the expenses on engagement of attorneys, accountants and other professional
teams and other expenditures) of the Target Companies, and or revocation of any License related to the Business, such penalties,
expenditures and losses shall be assumed and borne by the Transferors and the Guarantor. 

 

7.9 The Parties know that, for
the present Property leased for the office work of the Target Companies, the affiliate, as the lessee, signed a lease contract
(“Lease Contract”) with the Property owner, and that the Property is jointly occupied and used by the Target Companies
and a third party company not involved in the present transfer. Accordingly, the Parties agree that, as of April 1, 2015 (inclusive),
the Buyer shall bear 65% of the expenses of the Lease Contract and the Transferors bear 35%of such expenses until the Lease Contract
expires or the Parties reach a new agreement. The Parties understand that such proportion applies likewise to the air-conditioning
fee and electricity charge incurred in business activities to the Target Companies and expenses incurred to the Target Companies
in the lease. 

 

8. Information 

 

Subject to Article 11 hereof,
if reasonably required by the Buyer, the Transferors and the Guarantor will, under the condition of not contravening other provisions
of this Agreement, ensure that the Buyer and the agents and professional advisers thereof have access to the business, assets,
liabilities, contracts, certificates & licenses, events and other related information (if any) required in such inquiry, and
related information on documents of title and other certificates of ownership. 

 

9. Guarantee

 

9.1 In view that the Buyer agrees
to sign this Agreement, the Guarantor, in the form of an agreement, hereby warrants and undertakes as an undertaker instead of
only as a warrantor: 

 

(a) To irrevocably and unconditionally
warrant that the Transferors appropriately and accurately implement all and multiple obligations mentioned herein and related documents
thereof and to bear all losses and expenses of the Buyer (whether this Agreement is cancelled or terminated or not) arising from
the breach or non-performance of this Agreement and other related documents due to reasons not attributable to the gross negligence,
breach or non-performance of this Agreement by the Buyer; and 

 

(b) To make reasonable compensation
for any action, requirement, claim, loss, debt and various reasonable expenses (including all penalties, interests, reasonable
legal fees and other expenses and any related Taxes) that the Buyer shall bear and that arise from the fault or fraud of the Transferors,
or failure on the part of the Transferors to perform the obligations or to Not appropriately
pay any loss and payable in full and on time; 

 

     

     

    

9.2 Under the following circumstances,
the liabilities of the Guarantor shall not be prejudiced, affected or exempted: 

 

(a) Any arrangement made by and
between the Buyer and the Transferors; 

 

(b) Grace granted to the Transferors
or other persons in time or in other aspects; 

 

(c) Any change of or amendment
to the obligations of the Transferors hereunder; 

 

(d) Invalidity, illegality or
unenforceability of any provisions hereof or any obligations or liability of the Transferors hereunder; 

 

(e) Any waiver, exercise, or negligence
in exercising, or update or rescission of rights of the Transferors or other persons as involved in the Agreement, or compromise,
arrangement or reconciliation of any Party; or 

 

(f) Bankruptcy, insolvency, liquidation,
dissolution, consolidation, restructuring of the Transferors or other Parties hereunder, inability and ability-losing of the appointed
liquidator of the Transferors or other Parties hereunder, or any change in the organization, status or authority of the Transferors
or other Parties hereunder. 

 

9.3 The guarantee under Article
9.1 is continuous and remains valid until the date permitted by law to the largest extent. 

 

9.4 The guarantee under Article
9.1 is supplementary to any rights or mortgages held by the Buyer at the present or in the future for causing the performance and
abidance by the guarantee obligations, provided that such guarantee will not prejudice or replace such rights or mortgages. 

 

9.5 Any payment under the guarantee
in Article 9.1 shall be paid in full and shall not undergo any deduction or withholding (whether resulting from offset, counterclaim,
revenue, expense, Tax or other reasons or not). 

 

9.6 The Buyer shall have the right
to require at any time the Guarantor to perform its guarantee under Article 9.1 without first filing a lawsuit against the Transferors
with respect to this Agreement. 

 

10. Non-Competition Undertakings 

 

10.1 In view that the Buyer agrees
to sign this Agreement, the Transferors and the Guarantor agree to hereby irrevocably and unconditionally warrant and undertake,
in the form of an agreement, that, within one year from the Date of Transaction, the companies directly or indirectly held, managed
or controlled thereby or the subsidiary companies thereof will not directly or indirectly, separately or jointly in any form or
in any capacity on behalf of any person, firm or company in Hong Kong:

 

(a) operate or engage in any or
all the Business or any part thereof, or directly or indirectly be involved in or participate in the operation of such Business,
or have stake or interest in the operation of such Business; 

 

(b) not solicit or recruit, or
attempt to solicit or recruit, any employees of the Target Companies, whether such employee breaches the contract with the Target
Companies or not due to resignation; 

 

(c) not solicit or entice, or
attempt to solicit or entire, the Business brought about by any person, firm company or organization that has been a customer of
the Target Companies on or before the Date of Transaction, or that is a certain prospective customer of the Target Companies; and

 

     

     

    

(d) not use, or disclose or divulge
to any person, any information of the Target Companies and the customers thereof. 

 

10.2 Though the Parties hereto
all agree that the restrictions under Article 10.1 are reasonable under all circumstances, they admit that the restrictions of
such nature may lose effect due to technicality; therefore, the Parties agree and announce that: where any of the restrictions
mentioned above is ruled to be invalid due to exceeding the range reasonably required for safeguarding the rights and interests
of buyer in all events, if deleting some words or shortening such period or narrowing down the scope of business activities or
territory involved therein will render such restrictions valid, the foregoing restrictions shall undergo the amendment necessary
to make such restrictions valid and then apply. 

 

11. Indemnity Warranty

 

11.1 All Transferors and the Guarantor
jointly and severally agree and undertake to give indemnity warranty to the Buyer and the Target Companies that they will indemnify
and hold fully harmless, from the Date of Transaction to the date permitted by law to the largest extent, the Buyer and Target
Companies from all losses, expenditures, expenses or liabilities arising from any or all other liabilities or potential liabilities
of the Target Companies on or before the Date of Transaction that are known to all Transferors and the Guarantor and that have
not been disclosed to the Buyer, except the liabilities Disclosed or the liabilities or potential liabilities that are not known
to the Transferors and the Guarantor; there is no upper limit on the total indemnify amount given by the Transferor and the Guarantor
to the Buyer. 

 

11.2 All Transferors and the Guarantor
jointly and severally agree and undertake to give indemnity Warranty to the Buyer and the Target Companies that they will indemnify
and hold harmless, from the Date of Transaction to the date permitted by law to the largest extent, the Buyer and Target Companies
from all losses, expenditures, expenses or liabilities arising from any or all liabilities or potential liabilities, of the Target
Companies on or before the Date of Transaction, that have been disclosed or that are not known to the Transferors and the Guarantor.
If the foregoing liabilities arise from the act and/or omission and/or breach of any Warranty by (a) the Transferors and/or any
person related thereto and/or (b) Target Companies, the Directors, Licensed Corporations, employees, agents, representatives and
professional advisers thereof, there is no upper limit on the total indemnify amount given by the Transferor and the Guarantor
to the Buyer; however, if the responsibilities do not arise from the act and/or omission and/or breach of any Warranty by (a) the
Transferors and/or any person related thereto and/or (b) Target Companies, the Directors, Licensed Corporations, employees, agents,
representatives and professional advisers thereof, the upper limit on the total indemnity amount given by the Transferors and the
Guarantor to the Buyer shall be the purchase price. 

 

11.3 All Transferors and the Guarantor
jointly and severally agree and undertake to give indemnity Warranty to the Buyer and the Target Companies that they will indemnify
and hold harmless, from the Date of Transaction to the date permitted by law to the largest extent, the Buyer and Target Companies
from all losses, expenditures, expenses or liabilities arising from any or all liabilities or potential liabilities of the Target
Companies that are caused by a dispute or lawsuit and potential dispute or lawsuit with the employees thereof, or clients or customers
of business thereof (including but not limited to the Business), or parties that have business relations therewith on or before
the Date of Transaction. If the foregoing liabilities arise from the act and/or omission and/or breach of any Warranty by (a) the
Transferors and/or any person related thereto and/or (b) Target Companies, the Directors, Licensed Corporations, employees, agents,
representatives and professional advisers thereof, there is no upper limit on the total indemnify amount given by the Transferor
and the Guarantor to the Buyer; however, if the responsibilities do not arise from the act and/or omission and/or breach of any
Warranty by (a) the Transferors and/or any person related thereto and/or (b) Target Companies, the Directors, Licensed Corporations,
employees, agents, representatives and the professional advisers thereof, the upper limit on the total indemnity amount given by
the Transferors and the Guarantor to the Buyer shall be the purchase price.

 

     

     

    

11.4 All Transferors and the Guarantor
jointly and severally agree and undertake to give indemnity Warranty to the Buyer and the Target Companies that they will indemnify
and hold harmless, from the Date of Transaction to the date permitted by law to the largest extent, the Buyer and Target Companies
from all losses, expenditures, expenses or liabilities arising from any or all liabilities or potential liabilities of the Target
Companies on or before the Date of Transaction that are caused due to violation of any laws and regulations of Hong Kong or any
other applicable jurisdiction (including but not limited to the violation of the Company Ordinance of Hong Kong by reason
of previous failure on the part of the Target Companies to submit/put on file the annual returns on time), the regulations or codes
of SFC, or the regulations or codes on Trading Licenses. If the foregoing liabilities arise from the act and/or omission and/or
breach of any Warranty by (a) the Transferors and/or any person related thereto and/or (b) Target Companies, the Directors, Licensed
Corporations, employees, agents, representatives and professional advisers thereof, there is no upper limit on the total indemnify
amount given by the Transferor and the Guarantor to the Buyer; however, if the responsibilities do not arise from the act and/or
omission and/or breach of any Warranty by (a) the Transferors and/or any person related thereto and/or (b) Target Companies, the
Directors, Licensed Corporations, employees, agents, representatives and professional advisers thereof, the upper limit on the
total indemnity amount given by the Transferors and the Guarantor to the Buyer shall be the purchase price.

 

12. Confidentiality

 

12.1 Except for disclosure made
according to Article 12.2, any Party shall maintain strict confidentiality of information received or obtained thereby due to the
conclusion or performance of this Agreement, including: 

 

(a) The contents and provisions
of this Agreement and other agreements, contracts and matters hereunder; 

 

(b) Negotiation of this Agreement;
and 

 

(c) Information obtained by the
Buyer in carrying out verification of the Target Companies. 

 

12.2 Any Party may disclose confidential
information under the following circumstances: 

 

(a) according to the requirement
of any government law; 

 

(b) according to the requirement
of any stock exchange or regulatory agency or government agency; 

 

(c) with the written consent of
the other Parties hereto, who have not withheld or delayed the written approval without justifiable reasons; 

 

(d) the information has become
public not due to the fault of any Party; or 

 

     

     

    

(e) The information is disclosed
to the professional advisers, auditors and investment advisers of the Parties hereto so as to obtain professional opinions on this
Agreement. 

 

12.3 After the termination of
this Agreement, the restrictions included in Article 12 shall still apply without limitation of time. 

 

13. Partial Invalidity

 

13.1 If any provisions hereof
becomes illegal, invalid or unenforceable at any time in any aspect, the legality, validity, and enforceability of the remaining
parts hereof shall not be thus affected or damaged. 

 

13.2 If any provisions hereof
becomes illegal or unenforceable in a jurisdiction, such illegality or unenforceability shall not affect the legality or enforceability
thereof in another jurisdiction. 

 

14. Transfer

 

This Agreement shall still binding
(as the case may be) on the successors, transferees, and personal representatives of all Parties, provided that the rights of the
Parties as provided herein may not be transferred, unless otherwise explicitly prescribed. 

 

15. Subsequent Effect of the Agreement

 

Subject to the clauses hereof,
the provisions of this Agreement, including Warranties, that have not been fully performed at the time of transaction shall remain
effective after the transaction. 

 

16. General Terms and Conditions

 

16.1 On the condition of abiding
by the terms and conditions hereof, each contracting Party shall bear its own legal fees, accounting fees and other expenses and
expenditures incurred in the negotiation on the dealing of Salable Equities contemplated herein, on the signature of this Agreement,
and on the implementation of the dealing contemplated herein. After the termination of this Agreement, this Article shall still
apply. 

 

16.2 This Agreement includes an
entire agreement reached by the Parties hereto with respect to the subject matter hereof and supersedes all agreements, memoranda
of understanding, arrangements, representations, warranties or dealings concluded previously by the Parties hereto with respect
to such subject matter; the Parties hereto confirm that they will not make any claim for any superseded agreement. 

 

16.3 All stamp duties arising
from the dealing of the Salable Equities shall be equally borne by the Buyer and the Transferors. 

 

16.2 Any amendment to this Agreement
shall not be binding unless recorded in the documents signed by the Parties hereto. 

 

16.3 The failure or delay on the
part of any contracting Party to exercise any of its rights hereunder shall not deemas a waiver of such rights; any single or partial
exercise of any rights hereunder does not preclude any other or further exercise of such rights, or the exercise of any rights,
or damage or affect any other rights. The rights and remedies provided in this Agreement are accumulative and do not preclude any
rights or remedies provided in laws. 

 

16.4 Any date or period mentioned
in this Agreement and any other dates or periods replacing such date or period upon the approval of the Parties hereto or by other
means are critical and necessary. 

 

     

     

    

17. Notice

 

17.1 Any notice, requirement,
legal instrument, document or other communications (collectively referred to as “Communications”
in this Article 17) given pursuant to this Agreement shall be written in English or Chinese, shall be made in writing, may be sent
personally or by mail or be transmitted to the fax number (if any) of related Parties, and shall indicate the recipient and/or
other persons specified in Article 17.4 to whom the Communications shall be copied. 

 

17.2 If the Party to whom the
Communications shall be sent or copied according to this Agreement needs to change its address or fax number, it shall send a written
notice to all other Parties pursuant to the provisions of Article 17 and indicate in such notice that such change is made for the
purpose of this Agreement; such change shall not take effect unless and until five days after such notice is sent. 

 

17.3 All Communications shall
be given in the following manner and shall be deemed received by the recipient of such Communications at the time indicated beside
related mode of sending:

 

	Mode of sending	deemed time of receipt
	Local mailing or courier service	24 hours
	Fax	at the time of transmission
	Air courier/express mail	3 days
	Air
    mail	5 days 

 

17.4 The initial address and
fax number, recipient and cc recipient of the Communications to the Parties are as follows:

 

To the Transferors:

 

Address: Rooms 3705-07, the
Center, 99 Queen’s Road Central, Hong Kong 

Fax number: +852 3900
1705

Recipient: Mr. Tang Zhenyu 

 

To the Buyer:

 

Address: 37F, Tower A,
Poly Plaza, No. 99 of Zhongnan Road, Wuchang District, Wuhan

Fax number: 027-87618863
(Wuhan)

Recipient: Mr. Wu Jiangang

 

To the Guarantor:

 

Address: Rooms 3705-07, the
Center, 99 Queen’s Road Central, Hong Kong 

Fax number: +852 3900
1705

Recipient: Mr. Tang Zhenyu 

 

17.5 The Communications delivered
pursuant to Article 17 shall be deemed effectively given. If the Communications are delivered to the address of the recipient or
the address has been correctly written on the envelope containing such Communications and the Communications are mailed or sent
to the address of the Recipient or transmitted to the recipient appropriately by fax, such Communications shall be deemed given
and/or received. If the Communications are sent by fax, they shall be deemed appropriately given after the successful transmission
report printed by the fax machine is received. 

 

17.6 Any provision of this Article
does not preclude the delivery of Communications by other means permitted by law or proof of such delivery. 

 

     

     

    

18. Copies and Legal Language

 

18.1 This Agreement may be signed
in any number of copies or separate copies. Each copy so signed shall be deemed as an original, provided that all copies shall
constitute the same document and be binding on all Parties. 

 

18.2 This Agreement is written
in Chinese. 

 

19. Governing Law, Jurisdiction and Receiving Agent of Legal
Instruments

 

19.1 This Agreement shall be
governed by and interpreted in accordance with the laws of Hong Kong. The Parties hereby irrevocably agree that court of Hong
Kong serves as the non-exclusive tribunal. The contracting Parties hereby irrevocably agree to waive any objection to any court
or place of litigation involved in this Article that they may raise at any time or any objection to claims made in lawsuits filed
before other courts. 

 

19.2 The Transferors and the
Guarantor hereby irrevocably designate Mr. Tang Zhenyu (address: Rooms 3705-07, the Center, 99 Queen’s Road Central,
Hong Kong, telephone: 852-3900 1701, fax: 852 3900 1705) as their agent (“Transferors’ Agent”) to receive
and confirm any writ, subpoena, order, judgment or other legal proceeding notice (collectively referred to a the “Legal
Notice”) in Hong Kong on behalf of the Transferors. The personal delivery of the writ and/or any other related documents
to the Transferors’ Agent or sending of such writ and/or other documents to the foregoing address or known new address by
registered mail, such writ and/or other documents shall be deemed effectively served on the second Business Day after they are
mailed; if there is a mail box at the foregoing address or the known new address, the putting of such writ and/or other documents
into such mail box (whether sent to the Transferors or not or received by the Transferors or not) shall be deemed that such writ
and/or other documents have been effectively given. If the Transferors’ Agent is unable to continue serving as the agent
of such Transferors for any reason, the Transferors shall appoint another agent in Hong Kong for the same purpose and shall notify
the other contracting Parties hereto in writing of such appointment pursuant to Article 17. According to Article 17, unless and
until the notice on the appointment of the new agent is deemed to have been received by other contracting Parties hereto, any
Legal Notice shall be deemed to have been appropriately given to the Transferors under law if it is appropriately sent to the
Transferors’ Agent.

 

19.3 The Buyer hereby irrevocably
designates Stevenson, Wong & Co. (address: 4/F, 5/F & 1602 Central Tower, 28 Queen’s Road Central, Hong Kong,
telephone: 852-2526 6311, Fax: 852-2845 0638) as its agent (“Buyer’s Agent”) to receive and confirm any Legal
Notice in Hong Kong on behalf of the Buyer. The personal delivery of the writ and/or any other related documents to the Buyer’
Agent or sending of such writ and/or other documents to the foregoing address or known new address by registered mail, such writ
and/or other documents shall be deemed effectively served on the second Business Day after they are mailed; if there is a mail
box at the foregoing address or the known new address, the putting of such writ and/or other documents into such mail box (whether
sent to the Buyer or not or received by the Buyer or not) shall be deemed that such writ and/or other documents have been effectively
give. If the Buyer’s Agent is unable to continue serving as the agent of such Buyer for any reason, the Buyer shall appoint
another agent in Hong Kong for the same purpose and shall notify the other contracting Parties hereto in writing of such appointment
pursuant to Article 17. According to Article 17, unless and until the notice on the appointment of the new agent is deemed to have
been received by other contracting Parties hereto, any Legal Notice shall be deemed to have been appropriately given to the Buyer
under law if it is appropriately sent to the Buyer’ Agent.

 

     

     

    

19.4 The provisions of Article
17, after necessary amendment, shall apply to any Communication between the receiving agents of the legal instruments as designated
by the contracting Parties in Article 19 or between the successors’ agents. 

 

[The remainder of this page is intentionally left blank]

 

In witness whereof, this Agreement
is signed on the date stated on the first page. 

 

Signed by

Wang Jun

For and on behalf of iSTAR Capital
International Co. Limited

Witness: Zhang Na

 

Signed by

Wang Jun

For and on behalf of iSTAR Management
Limited

Witness: Zhang Na

 

Signed by

Wu Jiangang

For and on behalf of Tianfeng
Securities Co., Ltd.

Witness: 

 

Signed by

Wang Jun

For and on behalf of Beijing
Fuhua Innovation & Technology Development Co., Ltd.

Witness: Zhang Na

 

     

     

    

Appendix 3

Representations and Warranties

 

1.
Transferors and the Guarantor, Target Companies, and Salable Equities 

 

1.1 The Transferors and the Guarantor
have sufficient power to sign this Agreement, exercise their rights hereunder, and fulfill their obligations hereunder; in addition,
once this Agreement is signed, the provisions of this Agreement shall be legal, effective and binding on the Transferors and the
Guarantor. 

 

1.2 On the Date of Transaction,
the Salable Equities account for 100% of the shares issued by each Target Company. 

 

1.3 On the Date of Transaction,
the Salable Equities are beneficially owned by the Seller and the Seller has the right, power and authorization to sell and transfer
the Salable Equities. On the Date of Transaction, the Salable Equities are not subject to the restrictions of any Encumbrance and
are attached with ancillary rights. 

 

1.4 Except for the approval of
the Board of Directors, CSRC, and SFC, the sale and transfer of Salable Equities do not need the consent of any third person. 

 

1.5 The original or the Director-certified
copy of the newest articles of association and other constitutional documents of the Target Companies has been provided to the
Buyer. To the best knowledge and belief of the Transferors, the contents of the articles of association and other constitutional
documents of the Target Companies are true and complete and are attached with the resolution of the Target Companies adopted according
to related requirements of laws on which the establishment of the Target Companies is based. 

 

1.6 On or before the Date of Transaction,
the Target Companies are legally established and validly existing according to the laws of the place where they are registered
and established and have full rights and legal power to operate their business and own their assets. To the best knowledge and
belief of the Transferors, the Target Companies have not become bankrupt or liquidated, nor have been required to undergo liquidation
or bankruptcy by any resolution, application or order, and no liquidator or receiver has been assigned for the assets of the Target
Companies. 

 

1.7 To the best knowledge and
belief of the Transferors, the details of the Target Companies as listed in Appendix 1 and such Business in Appendix 2 are true
and accurate in all aspects. 

 

1.8 To the best knowledge and
belief of the Transferors, subject to the obtainment of approval from the SFC for related sale, the conclusion of this Agreement,
sale of the Salable Equities, and the compliance with and performance of their liabilities hereunder will not conflict with or
contravene any law, decree, or agreement binding on the Target Companies or any judgment, injunction, order, decision, and ruling
that are issued by any court, arbitration tribunal and administrative or government agency. 

 

1.9 The Target Companies have
not taken any actions resulting in its liquidation, nor have taken or instituted nor will institute or face any legal proceeding
or lawsuit that will cause the liquidation of the Target Companies. 

 

1.10 The Transferors and the Guarantor
have not taken any actions resulting in its liquidation, nor have taken or instituted nor will institute or face any legal proceeding
or lawsuit that will cause the liquidation of the Transferors.

 

2. Shares 

 

2.1 The Target Companies have
not reached any unfulfilled agreement with any person or undertaken to any person to issue, provide or give shares, securities
or bonds of any form or type. 

 

     

     

    

3. Performance under
Law and Company Registration

 

3.1 The Target Companies have
legally and validly performed the requirements of document submission and registration pursuant to the laws and regulations of
the place where they are registered and established as well as the provisions of other related laws. 

 

3.2 To the best knowledge and
belief of the Transferors, the statutory instruments and resolutions of the Target Companies are all written according to law and
the Target Companies have performed the requirements of related laws for the Target Companies, issued shares, bonds and other securities.

 

3.3 The Target Companies, as the
hypothecation (if any) of the beneficiary, have been registered with related registration authority or government department pursuant
to the requirements of the relevant laws. 

 

3.4 The originals of all evidentiary
documents on the ownership of significant properties of the Target Companies, all signed copies of significant contracts to which
the Target Companies serve as a party, and other important documents and materials of the Target Companies are held or controlled
by the Target Companies. 

 

4. Accounts 

 

4.1 The Accounts, to the best
knowledge and belief of the Transferors: 

 

(a) on the date of accounts, are
correctly prepared and made according to applicable laws and regulations and generally accepted good accounting standards and truthfully,
fairly, completely and correctly reflect the financial situation of the Target Companies on the date of accounts; 

 

(b) make true and fair description
of the operation and financial situation of the Target Companies; 

 

(c) have not been subject to any
prejudicial influence of any unusual, special or non-repetitive events that have not been disclosed in the Accounts; and 

 

(d) fully and comprehensively
disclose the financial situation of the Target Companies up to the date or related accounts. 

 

4.2 The Accounts and other accounts
books and records are owned or controlled by the Target Companies, have all been appropriately recorded in writing and demonstrated
correctly, reflect that all dealings concluded by the Target Companies are carried out according to applicable laws and regulations
and commonly adopted and generally accepted good accounting standards, and truly and fairly reflect the financial, trading and
contractual status of the Target Companies, the fixed assets, current assets, contingent assets and liabilities thereof, as well
as the debtors and debtees thereof. The accounting standards of the Target Companies have been consistent and have not undergone
any material change since the Target Companies have been established. 

 

4.3 As of February 28, 2015 (“Date
of Accounts”), 

 

(a) The Target Companies have
not concluded any significant contracts or undertakings (except for the businss contracts reached in routine operation) and have
not reached any agreement on the acquisition of, sale of, or consent to acquire or sell, significant fixed assets; 

 

(b) The Target Companies have
not incurred any liabilities (except for the normal commerce clauses that are abided by in normal commercial operation); 

 

(c) The Target Companies have
not been involved in any accident that may result in the termination of any significant contracts or any existing significant rights
and interests of the companies by any third party, or any event that the Target Companies are required to repay any large-amount
payment or debt before the maturity date;

 

     

     

    

(d) The Target Companies have
not set up any Encumbrance on all or part of their assets; 

 

(e) The Target Companies carry
out their routine operation as usual in the same manner (including nature and scope) so as to maintain their basic business reasonably
satisfactory to the Buyer; the Target Companies have not added to or issued any liability regarding their non- fixed assets or
carrying value, nor have reached any unusual or abnormal contracts; 

 

(f) Except for the ordinary business-related
resolutions adopted at the annual general meetings, the Target Companies have not adopted any resolutions at the general meetings
thereof; 

 

(g) The Target Companies have
not paid, announced the payment of, or decided to pay, or planned to pay, any dividend or other distributions to the shareholders
of the Target Companies; 

 

(h) The Target Companies have
not suffered any significant event that damages the reputation, routine operation, financial situation or prospect of the Target
Companies and the Target Companies conclude dealings and bearings only under their normal operation conditions; 

 

(i) The Target Companies have
not suffered any significant event that affects the tax liabilities of the Target Companies or causes the Target Companies to be
deemed to (compared with the actual situation) have any income, interest or gain, which renders the Target Companies liable to
pay any tax that should have been directly paid or first borne by another third person, firm or company; 

 

(j) Except for the director’s
fee, the Target Companies have not paid any remuneration (or bonus) to any Management personnel or employee thereof or increased
the benefits of such personnel or employee, nor have undertaken to increase such remuneration (except for those provided in the
New Employment Agreement with the Management of the Target Companies) in the future (whether retroactive or not); and 

 

(k) There is no significant and
adverse change in the financial situation and prospect of the Target Companies, and the Target Companies only conclude dealings
and assume liabilities in their routine business. 

 

4.4 All the following significant
contracts (if any) signed by the Target Companies before April 1, 2015 shall be disclosed to the Buyer in writing or be reflected
in the Accounts: 

 

(a) Issuing or agreeing to issue
any capital stock or loan capital with an amount exceeding HK$500,000 or granting or agreeing to grant any option involving shares
or loan capital or the right to purchase or subscribe any share or loan capital; 

 

(b) Concluding any dealing agreement
or contract, trading, or business beyond the general normal business or with an amount exceeding HK$500,000, purchasing or selling
any rights and interests in any assets, or increasing or assuming any capital commitment or expenditure, or actual or contingent
liability in any form; 

 

(c) Except for general normal
business, establishing or permitting any hypothecation, pledge (fixed or floating), lien, mortgage, or mortgage or Encumbrance
in other forms, or rights and interests of any nature (whether similar to the foregoing or not), or establishing or creating lien
on any part of its business, property or assets of the Target Companies, except for the lien that is created according to law or
by its normal business operation and that involves a small amount; 

 

(d) Unless required by general
business operation, any contract concerning the borrowing or loan exceeding HK $1,000,000. 

 

4.5 Except for those provided
herein, the Target Companies have not announced or paid any dividend from the Date of Accounts. 

 

4.6 As of the Date of Accounts,
the Target Companies have not undergone any Material Adverse Change (or impact). 

 

     

     

    

5. Financial Condition

 

5.1 From the date of this Agreement
and the Date of Accounts, there is no 

 

(a) Significant dealing that constitutes
non-routine business operation; 

 

(b) Loan, indemnity or Warranty
concluded by the Target Companies for any other person, except for those signed as required by the normal operation of the Target
Companies; 

 

(c) Conclusion of any agreement
for the purpose of carrying out the foregoing matters; 

 

(d) Any sale or transfer of any
tangible or intangible assets that are required in maintaining the basic operation of the Target Companies; or 

 

(e) Any damage, destruction or
loss, whether insured or not, which causes serious damage to the Property and Business (by the entirety) of the Target Companies.

 

5.2 To the best knowledge and
belief of the Transferors, the accounts and records of the Target Companies are prepared according to the accounting policies that
correspondingly adopted in the business place of such company, are treated according to the related provisions of local laws, reasonably
record and fairly reflect all dealings, accounts and records of the Target Companies, and are free of any major deviation or inconsistency.

 

5.3 Except for the dealings carried
out by the Target Companies in normal business operation activities in connection with this Agreement or involved herein, the Target
Companies have not had any unrecorded debt, contingent debt and undertakings from the date on which this Agreement is signed to
the date of the transaction is completed. 

 

5.4 Except for the liabilities
and obligations of the Target Companies that are created in the routine business operation or according to law or that have been
disclosed, the Target Companies do not have any other significant obligations and liabilities. 

 

5.5 Except for those that have
been disclosed, from the signature date of this Agreement to the account management date, the Target Companies do not have: 

 

(a) ;; any loan or debt of any
credit or lending natural 

 

(b) any mortgage, pledge or bond
or any obligation (including conditional obligation) to establish mortgage, pledge or bond, except for the mortgage, pledge or
bond incurred in recurrent business; and

 

(c) Any unfulfilled obligation
or other contingent obligations under any indemnity. 

 

5.6 Except for all guarantees
from which the Transferors and the Guarantor are discharged pursuant to Article 3.1(1), the Transferors or the Target Companies
have not done any act that may affect or damage the use by the Target Companies of the draft, loan, or other financing. 

 

5.7 Except for the dealings of
the Target Companies that have been disclosed and that are created in the normal business operation activities, or that are in
connection herewith or that are involved herein, the Target Companies, from the signature date of this Agreement to the Date of
Transaction, have not had any unrecorded loan or borrowing that shall be paid but that has not been paid to any third party, nor
have issued any indemnity/Warranty in the favor of any third person or formed mortgage of any other forms, nor have any obligations
and undertakings to third persons. 

 

6. Licenses

 

     

     

    

6.1 The Target Companies have
obtained Licenses issued by SFC for (in the case of iSTAR Futures) type 2 Regulated Activities (dealing in futures contract),
(in the case of iSTAR Wealth) type 4 Regulated Activities (giving investment advice relating to the sale/purchase of securities),
type 5 Regulated Activities (giving investment advice relating to the sale/purchase of futures contracts), and type 9 Regulated
Activities (providing assets management), and the foregoing Licenses remain effective and take effect from the issuance date of
such Licenses to the Date of Transaction specified herein. The Target Companies have obtained a futures dealer certificate issued
by Hong Kong Futures Exchange Limited and a clearing participating certificate issued by HKFE Clearing Corporation Limited, and
the foregoing Licenses remain effective and take effect from the issuance date of such Licenses to the Date of Transaction specified
herein.

 

6.2 To the best knowledge and
belief of the Transferors, no circumstance has occurred that may result in the revocation, cancellation, withdrawal, termination
or suspension of the registration or approval of any License. 

 

6.3 To the best knowledge and
belief of the Transferors, there is no investigation or inquiry which will result in the revocation, withdrawal, or termination
of the Licenses or suspension of such Licenses, registration or approval.

 

6.4 To the best knowledge and
belief of the Transferors, all related employees of each Target Company meet the requirements of Licenses (including professional
training or experience) and are thus employed or appointed to act in such capacity. 

 

6.5 Each Target Company has the
internal monitoring procedures and financial & operation ability and is able to, under reasonable expectation, protect its
business under the License from financial loss arising from theft, fraud or other dishonest act, or professional improperness or
negligence. 

 

7. Insurance 

 

7.1 To the best knowledge and
belief of the Transferors, the Target Companies have not suffered any uninsured non-recurring or abnormal loss. 

 

7.2 Each Target Company has purchased
effective insurances against main risks of its major assets (including but not limited to the Property) and the main risks of its
major business, for a general and prudent amount. Such insurances are all validly existing (if the insurances have expired, the
Target Companies shall be urged to renew the same) and the Target Companies have not received any written notice on revocation
of such insurance policies. 

 

7.3 To the best knowledge of thebuyers,
the Target Companies have not committed any act or omission, which has rendered or may render such insurance policies invalid or
possibly invalid or has resulted in or may result in the possible increase of the insurance premiums. 

 

8. Tax 

 

8.1 To the best knowledge and
belief of the Transferors, the Target Companies have abided by, in all aspects, the tax-related registrations and notices required
by relevant laws, have kept proper and complete records of tax matters, and have filed tax tables on schedule; there is no pending
dispute with tax bureau and other tax authorities. 

 

8.2 To the best knowledge and
belief of the Transferors, the Target Companies have: (a) paid all payable taxes incurred on or before the Date of Transaction;
and (b) taken all steps to obtain all tax breaks that they are entitled to on or before the Date of Transaction. 

 

8.3 To the best knowledge and
belief of the Transferors, there is no dispute between the Target Companies and government agencies over the related taxes, and
the Seller does not know any pending dispute or the possibility of dispute. 

 

     

     

    

9. Major Dealings

 

9.1 Unless otherwise provided
herein, form the Date of Accounts, the Target Companies have not: 

 

(a) issued or redeemed or agreed
to issue or redeem any share or loan capital; 

 

(b) Announced or paid or distributed
any dividend, made any investment distribution, repaid any loan or investment loan in whole or in part; 

 

(c) carried out any major dealings
(including but not limited to the trading of important assets) or incurred any liabilities (except for those incurred in routine
operation); or 

 

(d) given any Warranty or indemnity,
or given any Warranty or indemnity on behalf of any person or company. 

 

10. Lawsuit 

 

10.1 The Target Companies have
not been involved in any lawsuit, arbitration, complaint, or other disputes over law or contract, nor have participated in the
hearing of any statutory government department, authority, organization or agency, nor have been investigated with respect to any
significant dispute or by a government agency in the place where the business of the Target Companies is operated. 

 

10.2 There is no lawsuit, arbitration,
complaint, or other litigation over law or contract, against the Target Companies, or investigation threatened or pending; to the
best knowledge and belief of the Seller, there is no fact or circumstance that may result in such lawsuit, arbitration, investigation
or hearing. 

 

10.3 To the best knowledge and
belief of the Transferors, there is no unfulfilled court judgment or order against the Target Companies and the Target Companies
have not been subject to the restrictions of any continuous injunction, writ of execution or decree. 

 

11. Contract and
Undertaking 

 

11.1 From the Date of Accounts,
the Target Companies have operated business as usual and, except for the dealing hereunder, the Target Companies have not carried
out dealings or incurred any significant liabilities and obligations, unless such liabilities or obligations are concluded in the
normal routine operation on the fair and reasonable basis. 

 

11.2 The Target Companies have
not contravened any significant contracts and undertakings. 

 

12. Liquidation

 

12.1 To the best knowledge and
belief of the Transferors, there is no court order or petition or resolution requiring the liquidation of the Target Companies,
or any detention, enforcement, any other proceedings or any legal actions against the Target Companies which result in the obtainment
of the property owned by the Target Companies. 

 

12.2 To the best knowledge and
belief of the Transferors, there is no appointment of an enforcer or liquidator with respect to the real estate or property of
the Target Companies. 

 

12.3 To the best knowledge and
belief of the Transferors, no Target Company has reached any arrangement or consultation with its debtees or debtees of any type.

 

12.4 To the best knowledge and
belief of the Transferors, there is no circumstance under which any floating mortgage may be enforced, nor any circumstance that
may result in the enforceability of floating mortgage. 

 

     

     

    

13. Trading and Business

 

13.1 Both Target Companies carry
out business operation activities according to relevant existing laws of Hong Kong or applicable laws of other jurisdictions, and
there is no court order, injunction or judgment that is given by a court or government agency in Hong Kong or other jurisdictions
that may cause adverse impact on the Target Companies and the Property or operation thereof. 

 

13.2 In order to cause the Target
Companies to operate their business effectively, to the best knowledge and belief of the Transferors, the Target Companies have
obtained the licenses, permits, approvals and authorizations related to operation and such licenses, permits, approvals and authorizations
are all legal and validly existing; the seller does not know any reasons that may result in the suspension, cancellation or abolishment
of the foregoing licenses, permits, approvals or authorizations or that may cause the foregoing licenses, permits, approvals or
authorizations not to be renewed or reissued upon the expiration thereof. 

 

13.3 From the Date of Accounts,
all businesses of the Target Companies are carried out normally. 

 

13.4 The Target Companies or the
Directors, managers, agents or employees (during the term of office) have not committed or done any act or omitted any matter and
such act or omission has violated the related laws, decrees or regulations of Hong Kong or other places (especially the provisions
of Securities and Futures Ordinance (Chapter 571 of Laws of Hong Kong) and all bylaws and rules, the Company (Winding
Up and Miscellaneous Provisions) Ordinance (Chapter 32 of Laws of Hong Kong), and the Company
Ordinance (Chapter 622 of Laws of Hong Kong) ) and thus should be subject to fines or any other punishments.

 

14. Miscellaneous

 

14.1 Neither of the Target Companies
has:

 

(a) violated any law, ordinance,
order, detailed rule or regulation binding thereupon, or contravened the provisions of the articlesof association and detailed
rules of the Target Companies, or breached any trust, covenant, agreement or license to which it is a party, or violated any indemnity,
mortgage, pledge or bond; 

 

(b) participated in any performable
dealing, which is unenforceable because it is cancellable or even invalid or illegal on the suggestion of a Party; or 

 

(c) omitted or permitted the omission
of any act done for the purpose of protecting the ownership of the properties of the Target Companies or for enforcing or retaining
the preferential ownership of any property. 

 

14.2 All information contained
in any material furnished by the Transferors and the Guarantor for the purpose of concluding this Agreement is true and accurate
and is free of any undisclosed significant fact or event, which may cause the foregoing information or document to be untrue, incorrect,
or misleading. 

 

14.3 The Transferors and the Guarantor
have full legal capacity to sign this Agreement, to exercise their corresponding rights, and to perform their corresponding obligations;
this Agreement, once signed by the Parties, will become an effective document that is binding on all Parties and, subject to the
clauses hereof, may enforce the Parties to perform their obligations pursuant to related provisions. 

 

     

     

    

14.4 The execution, delivery,
and performance of the obligations hereunder by each of Transferors and the Guarantor will not hinder the implementation of the
following provisions, (a) laws, regulations or any order or judgment formulated by any government, agency or tribunal in Hong Kong
or in any jurisdiction where it is registered or operated; (b) company registration laws and company registration documents on
the date this Agreement is signed and on the date the transaction is completed; and (c) any mortgage, contract, undertaking or
document to which it is a party or that is binding thereupon. 

 

14.5 The execution, delivery and
performance of this Agreement (to ensure effectiveness or feasibility) and dealing of Salable Equities, unless otherwise provided
herein, do not need to obtain any consent, permit, approval or authorization of any government agency, or filing or registration.

 

14.6 Unless otherwise provided
herein, the signature and implementation of this Agreement do not need any waiver, consent or approval of any government agency
or any third party nor, unless otherwise provided herein, the filing with any government agency or any related third party. 

 

14.7 From the signature date of
this Agreement to the Date of Transaction, to the best knowledge and belief of the Transferors, the contents listed in the foreword,
appendixes and annexes are all true, accurate, and complete. 

 

15. Money Laundering
and Terrorist Financial Activities 

 

15.1 The Business has abided
by from the outset all laws and regulations on anti-money laundering and counter-terrorism finance promulgated by all and any
applicable jurisdictions and the rules, regulations, guidelines or circulars issued or administered by any government agency in
any applicable jurisdictions, including but not limited to Anti-Money Laundering and Counter-Terrorist Financing (Financial
Institutions) Ordinance (Chapter 615 of Laws of Hong Kong), Drug Trafficking (Recovery of Proceeds) Ordinance (Chapter 405 of
Laws of Hong Kong), Organized and Serious Crimes Ordinance (Chapter 455 of Laws of Hong Kong), and United Nations (Anti-Terrorism
Measures) Ordinance (Chapter 575 of Laws of Hong Kong); to the best knowledge and belief of
the Transferors, the Target Companies have not been involved in any legal action, lawsuit or legal proceeding launched by a government
agency or other authorities or organizations of any jurisdiction on anti-money laundering and anti-terrorism finance, nor face
the threat of such legal action or lawsuit or legal proceeding. 

 

16. Licensed Corporation

 

16.1 By the Date of Transaction hereof, there is no circumstance
that results in the possible revocation, withdrawal, cancellation, termination or suspension of the Licenses, registrations or
approvals issued by SFC and/or any government agency to the Target Companies as the Licensed Corporations.

 

16.2 To the best knowledge and
belief of the Transferors, no Licensed Corporation nor the Director or employee thereof has received any investigation or inquiry
which will result in the revocation, withdrawal, termination or suspension by any regulatory authorities (including but
not limited to the SFC) of Licensed Corporations of the Licenses, registrations or approvals issued thereto.

 

     

     

    

16.3 To the best knowledge and
belief of the Transferors, all related employees of each Target Company meet the requirements of Licenses (including professional
training or experience) and are thus employed or appointed to act by the Target companies while employed by an affiliate of the
Target Companies . If such employees are employed by an affiliate of the Target Companies, the Transferors shall, after the signature
of this Agreement, assist the Target Companies in completing the transfer of the personnel relations of related employees. 

 

17. No Omission of
Major Disclosure

 

17.1 To the best knowledge and
belief of the Transferors, the Transferors and the Target Companies have fairly, reasonably, comprehensively and honestly disclosed
all significant events or major adverse events of the Target Companies in all aspects to the Buyer in writing. 

 

18. No Material Adverse
Change

 

18.1 To the best knowledge and
belief of the Transferors, the Target Companies are free of any material adverse influence or change in all aspects and are free
of any event that may result in such influence or charge. 

 

19. Employee

 

19.1 There is no previous, present, threatened, or pending dispute
between a Target Company and its employees of any group or category, and there is no arrangement between the Target Company and
the labor union or organization acting on behalf of such employees.

 

19.2 The Target Companies are not liable to provide, after the Date
of Transaction, any other benefits to their employees than the year-end bonus equal to the wage of not more than one month, except
for the benefits provided according to relevant laws, or regulations, or related articles of association.

 

19.3 Neither Target Company has any pension, provident fund, separation
or retirement welfare fund, plan or arrangement, which will cause the Target Company to adopt an agreement and to provide retirement
benefits of any type (the forgoing term shall include the welfare and provident fund payable at the time of retirement, separation,
death, or disability or any other benefits usually provided in the retirement plan) to any of its Directors or senior officers
or any spouse or other families of such Directors or senior officers.

 

19.4 The employment contract to which all Target Companies are a
party may be terminated, without making significant compensations, by giving a notice of not more than one month.

 

Appendix 4

 

Tax Indemnity Agreement

 

     

     

    

Dated on: March 30, 2015

 

iSTAR Capital International Co. Limited

and

 

iSTAR Management Limited

and

 

Tianfeng Securities Co., Ltd.

and

 

iSTAR International Futures Co. Limited

 

iSTAR International Wealth Management Co. Limited

 

Beijing Fuhua Innovation & Technology Development Co., Ltd.

 

(“Guarantors”)

 

 

Tax Indemnity Agreement for iSTAR International Futures Co.
Limited and iSTAR International Wealth Management Co. Limited

 

 

     

     

    

This Agreement dated on March
30, 2015 is signed and entered into by and among the following Parties. 

 

Contracting Parties:

 

(1) ISTAR CAPITAL INTERNATIONAL CO. LIMITED,
a limited company registered and organized in British Virgin Islands, with the registered office at P.O. Box
957, Offshore Incorporations Centre Road Town,
Tortola, British Virgin Islands (“iSTAR Capital International”);

 

(2) ISTAR MANAGEMENT LIMITED,
a limited company registered and organized in British Virgin Islands, with the registered office at P.O. Box
957, Offshore Incorporations Centre Road Town,
Tortola, British Virgin Islands (“iSTAR Management”,
collectively referred to as the “Transferors” together with iSTAR
Capital International)

 

(3) Tianfeng Securities Co., Ltd.,
a company limited by shares that is registered and organized in Wuhan, Hubei, China, with the registered office at 37F, Tower
A, Poly Plaza, No. 99 of Zhongnan Road, Wuchang District, Wuhan, Hubei, China (the “Buyer”);

 

(4) ISTAR INTERNATIONAL FUTURES CO. LIMITED, a
limited company registered and organized in Hong Kong, with the registered office at Rooms
3705-07, the Center, 99 Queen’s Road Central, Hong Kong (“iSTAR Futures”);

 

(5) ISTAR INTERNATIONAL WEALTH MANAGEMENT CO. LIMITED, a
limited company registered and organized in Hong Kong, with the registered office at Rooms
3705-07, the Center, 99 Queen’s Road Central, Hong Kong (“iSTAR wEALTH”;
collectively referred to as the “Target Companies” together with iSTAR
Futures); and 

 

Beijing Fuhua Innovation & Technology Development Co., Ltd.,
a limited liability company registered and organized in Beijing, China, with the registered address at Rooms 938-941, Tower C,
International Enterprise Building, No.35 of Finance Street, Xicheng District, Beijing, China (the
“Guarantor”).

 

Foreword:

 

(A) The Transferors, the Buyer and the Guarantor signed the Agreement
for Sale of 100% Equities of iSTAR International Futures Co. Limited and 100%
Equities of iSTAR International Wealth Management Co. Limited (hereinafter referred to as the “Sale Agreement”)
on March 30, 2015.

 

(B) The Transferors and the Guarantor agree to sign this Agreement
in favor of the Buyer and the Target Companies with respect to the tax liabilities of the Target Companies.

 

1. Interpretations

 

1.1 Unless otherwise indicated in the context, the terms and words
defined in the Sale Agreement shall have the same meaning when used herein.

 

1.2 In this Agreement, unless otherwise required by the context:

 

“Relief”: means any reduction, allowance, preference,
offset, deduction or exemption of any tax that the Target Companies are entitled to according or ordinance or any other legal bases;
and

 

     

     

    

"Claim” includes any claim, counter claim, evaluation,
notice, application for claim or other documents made, or actions taken, by or on behalf of tax or any other related statutory
or government agency of Hong Kong or British Virgin Islands, on the basis of which the Target Companies shall be liable or be required
to be liable to pay tax of any form or shall be revoked of the right to any relief or refund of tax of any form, which should have
been provided to the Target Companies in the absence of such tax claim; if the revocation of the right to any relief or refund
of tax of any form shall be deemed to have created tax liability, the amount of such relief or refund or (if the amount is relatively
small) the amount of foregoing tax liabilities of the Target Companies that is reduced due to such relief; in the absence of the
afore-said revocation, related tax rate that is adopted for such period of relief or that takes effect during such period or (if
the period for Tax rate has not been determined) the final known tax rate, and the profit of the Target Companies to set off against
such relief as is shown in the audited financial statements for such period.

 

In this Agreement, unless otherwise indicated, all warranties, representations,
compensations, covenants, agreements and undertakings made or signed by the Guarantor or the Transferors are jointly and severally
made or signed by the Guarantor and the Transferors.

 

1.3 The headings in this Agreement are for convenience of reference
only and shall not affect the interpretation hereof.

 

1.4 In this Agreement, words importing the singular include the
plural and vice versa; words importing gender or neutral gender include all genders and a reference to a person includes corporate
bodies and unincorporated bodies.

 

2. Compensation

 

2.1 Subject to the compliance with the provisions hereof, the Transferors
and the Guarantor hereby undertake to the Buyer and the successor thereof and the Target Companies that they will compensate the
Target Companies and cause, at any time during the term hereof, the Target Companies to continue being compensated for any income,
profit or proceeds earned, charged or collected on or before the data of this Agreement by the Target Companies, or any tax arising
from any event or dealing (whether separately or in connection with any circumstance that appears on or before the date of this
Agreement) concluded or created on or before the date of this Agreement.

 

2.2 The compensation stated in Article 2.1 shall not apply to the
following:

 

(a) Any provisions or reserve made for taxes in the accounts on
the date specified by the Target Companies at the time of transaction; or

 

(b) Any Claim arising from any retroactive change to the law or
practice of the tax bureau or any related authority of Hong Kong or British Virgin Islands that takes effect after the date of
this Agreement, or any Claim created or added due to the increate of tax rate after such date (retroactive).

 

2.3 The compensation provided in Article 2.2 shall extend to all
penalties, fines, interests, expenses and expenditures arising from any levy that the Transferors shall bear according to Article
2 hereof.

 

2.4 The Parties agree that if a Claim has been made pursuant to
the Sale Agreement, such Claim may not be filed again pursuant to this Agreement.

 

3. Claim and Payment

 

3.1 This Agreement shall be permanently effective from the date
of this Agreement.

 

3.2 If the claimed tax arises from the dishonest intention and/or
act of (a) the Transferors and/or any persons related thereto and/or (b) Target Companies, or the Directors, Licensed Corporations,
employees, agents, representatives, or professional advisers thereof, there is no upper limit on the total amount of indemnity
given by the Transferors and the Guarantor to the Buyer; however, if the claimed tax does not arise from the dishonest intention
and/or act of (a) the Transferors and/or any persons related thereto and/or (b) Target Companies, or the Directors, Licensed Corporations,
employees, agents, representatives, or professional advisers thereof, the upper limit on the total amount of indemnity given by
the Transferors and the Guarantor to the Buyer shall be the purchase price.

 

     

     

    

3.3 All moneys that the Transferors shall pay pursuant to this Agreement
shall be paid without any deduction or withholding that is caused whether by tax or other reasons. If such deduction or withholding
is required by law, the Transferors shall pay such moneys after the foregoing deduction or withholding and the amount of such moneys
shall be equal to the amount that the payee shall be entitled to in the absence of the any of the foregoing deduction or withholding
requirement.

 

3.4 If the Transferors or the Guarantor shall make compensation
to the Buyer due to any Claim, while the Buyer or any Target Company has obtained the compensation from a third party or the repayment
or refund of related tax authorities with regard to such Claim, the Buyer shall return, to the Transferors or the Guarantor, the
compensation paid by the Transferors or the Guarantor after deducting reasonable expenses or other expenditures directly incurred
in the obtainment of the compensation from such third party or the repayment or refund from related tax authorities.

 

4. Guarantee

 

4.1 In view that the Buyer agrees to sign this Agreement, the Guarantor
hereby warrants and undertakes:

 

(a) to irrevocably and unconditionally warrant that the Transferors
will properly and accurately fulfill all and multiple obligations mentioned herein and related documents hereof and bear all losses
and expenses (whether this Agreement is cancelled or terminated or nor) directly caused by the breach or non-performance by the
Transferors of this Agreement and related documents hereof.

 

(b)To make compensation for any
action, requirement, Claim, loss, debt and various expenses (including all penalties, interests, legal fees and other expenses
and any related Taxes) that the Buyer or any Target Company shall bear and that arise from the fault or fraud of the Transferors,
or failure on the part of the Transferors to perform the obligations or to appropriately pay any loss and payable in full and on
time.

 

4.2 Under any of the following circumstances, the liabilities of
the Transferors and the Guarantor shall not be prejudiced, affected or exempted:

 

(a) Any arrangement made by and
between the Buyer and the Transferors; 

 

(b) Grace granted to the Transferors,
Guarantor or other persons in time or in other aspects; 

 

(c) Any change of or amendment
to the obligations of the Transferors or the Guarantor hereunder; 

 

(d) Invalidity, illegality or
unenforceability of any provisions hereof or any obligation or liability of the Transferors hereunder; 

 

(e) Any waiver, exercise, or negligence
in exercising, or update or rescission of rights of the Transferors or other persons as involved in the Agreement, or compromise,
arrangement or reconciliation of any Party; or 

 

(f) Bankruptcy, insolvency, liquidation,
dissolution, consolidation, restructuring of the Transferors or the Guarantor or other persons, inability and ability-losing of
the appointed liquidator of the Transferors or the Guarantor or other persons, or any change in the organization, status or authority
of the Transferors or the Guarantor or other persons.

 

     

     

    

4.3 The guarantee under Article
4.1 is continuous and remains valid until the date permitted by law to the largest extent.

 

4.4 The guarantee under Article
4.1 is the supplementary to any right or mortgage held by the Buyer at the present or in the future for causing the performance
and abidance by the guarantee obligations, provided that such guarantee will not prejudice or replace such rights or mortgage.

 

4.5 Any payment under the guarantee
in Article 4.1 shall be paid in full and shall not undergo any deduction or withholding (whether resulting from offset, counter
claim, revenue, expense, tax or other reasons or not).

 

5. Notice 

 

5.1 Any notice, requirement, legal
instrument, document or other communications (collectively referred to as “Communications”
in this Article 5) given pursuant to this Agreement shall be written in English or Chinese, shall be made in writing, may be sent
personally or by mail or be transmitted to the fax number (if any) of related Parties, and shall indicate the recipient and/or
other persons specified in Article 5.4 to whom the Communications shall be copied.. 

 

5.2 If the Party to whom the Communications
shall be sent or copied according to this Agreement needs to change its address or fax number, it shall send a written notice to
all other Parties pursuant to the provisions of Article 5 and indicate in such notice that such change is made for the purpose
of this Agreement; such change shall not take effect unless and until five days after such notice is sent. 

 

5.3 All Communications shall be
given in the following manner and shall be deemed received by the recipient of such Communications at the time indicated beside
related mode of sending:

 

	Mode of sending	deemed time of receipt
	Local mailing or courier service	24 hours
	Fax	at the time of transmission
	Air courier/express mail	3 days
	Air mail	5 days 

 

5.4 The initial address and fax
number, recipient and cc recipient of the Communications to the Parties are as follows:

 

To the Transferors:

 

Address: Rooms 3705-07, the
Center, 99 Queen’s Road Central, Hong Kong 

Fax number: 852-3900 1705

Recipient: Governing Board 

 

To the Buyer:

 

Address: 37F, Tower A,
Poly Plaza, No. 99 of Zhongnan Road, Wuchang District, Wuhan

Fax number: 027-87618863
(Wuhan)

Recipient: Mr. Wu Jiangang

 

To the Guarantor:

 

Address: Rooms 3705-07, the
Center, 99 Queen’s Road Central, Hong Kong 

Fax number: 852-3900 1705

Recipient: Governing Board 

 

     

     

    

To the Target Companies:

 

Address: Rooms 3705-07, the
Center, 99 Queen’s Road Central, Hong Kong 

Fax number: 852-3900 1705

Recipient: Governing Board 

 

5.5 The Communications delivered
pursuant to Article 5 shall be deemed effectively given. If the Communications are delivered to the address of the recipient or
the address has been correctly written on the envelope containing such Communications and the Communications are mailed or sent
to the address of the Recipient or transmitted to the recipient appropriately by fax, such Communications shall be deemed given
and/or received. If the Communications are sent by fax, they shall be deemed appropriately given after the successful transmission
report printed by the fax machine is received. 

 

5.6 Any provisions of this Article
does not preclude the delivery of Communications by other means permitted by law or proof of such delivery.

 

6. Miscellaneous Provisions

 

6.1 This Agreement shall be binding and effective on the successors
and transferees of the Parties; without the prior written consent of the other Parties, no Party, except for the Buyer, may transfer
its rights and obligations hereunder.

 

6.2 This Agreement constitutes the entire agreement with respect
to the dealing contemplated herein. No Party to this Agreement will rely on any representations or warranties of the other Parties
that do not constitute the provisions hereof.

 

6.3 Any amendment to this Agreement shall not be binding before
it is signed in writing by the Parties hereto or the representatives thereof.

 

6.4 The failure or delay to exercise
the rights or compensations hereunder shall not deem as a waiver of such rights or compensations or the waiver of any other rights
or compensations; any single or partial exercise of any rights or compensations hereunder does not preclude any further exercise
of such rights or compensations, or the exercise of any other rights or compensations. 

 

6.5 The rights, powers and compensations
included in this Agreement are accumulative and do not preclude any rights or compensations conferred by laws.

 

6.6 If reasonably required by the Buyer during the term hereof,
the Transferors or the Guarantor will efficiently implement these documents and implement further stipulations and provide any
and all compensations hereunder to the Buyer and the successor thereof as well as the Target Companies.

 

6.7 This Agreement may be signed
in any number of copies or separate copies. Each copy so signed shall be deemed as an original, provided that all copies shall
constitute the same document and shall be binding on all Parties.

 

6.8 If any provisions hereof becomes
illegal, invalid or unenforceable at any time in any aspect, the legality, validity, and enforceability of the remaining parts
hereof shall not be thus affected or damaged. If any provision hereof becomes illegal or unenforceable in a jurisdiction, such
illegality or unenforceability shall not affect the legality or enforceability thereof in another jurisdiction.

 

     

     

    

7. Governing Law,
Jurisdiction and Receiving Agent of Legal Instruments

 

7.1 This Agreement shall be governed
by and interpreted in accordance with the laws of Hong Kong. The Parties hereby irrevocably agree that court of Hong Kong serves
as the non-exclusive tribunal. The contracting Parties hereby irrevocably agree to waive any objection to any court or place of
litigation involved in this Article that they may raise at any time or any objection to Claims made in lawsuits filed to other
courts. 

 

7.2 The Transferors and the Guarantor
hereby irrevocably designate Mr. Tang Zhenyu (address: Rooms 3705-07, the Center, 99 Queen’s Road Central, Hong Kong,
telephone: 852-3900 1701, fax: 852 3900 1705) as their agent (“Transferors’ Agent”) to receive and confirm
any writ, subpoena, order, judgment or other legal proceeding notice (collectively referred to the “Legal Notice”)
in Hong Kong on behalf of the Transferors and the Guarantor. The personal delivery of the Legal Notice to the Transferors’
Agent or sending of such Legal Notice to the foregoing address or known new address by registered mail, such Legal Notice shall
be deemed effectively served on the second Business Day after it is mailed; if there is a mail box at the foregoing address or
the known new address, the putting of such Legal Notice into such mail box (whether sent to the Transferors or not or received
by the Transferors or not) shall be deemed that such Legal Notice has been effectively given. If the Transferors’ Agent
is unable to continue serving as the agent of such Transferors for any reason, the Transferors shall appoint another agent in
Hong Kong for the same purpose and shall notify the other contracting Parties hereto in writing of such appointment pursuant to
Article 7. According to Article 7, unless and until the notice on the appointment of the new agent is deemed to have been received
by other contracting Parties hereto, any Legal Notice shall be deemed to have been appropriately given to the Transferors under
law if it is appropriately sent to the Transferors’ Agent.

 

7.3 The Buyer hereby irrevocably
designates Stevenson, Wong & Co. (address: 4/F, 5/F & 1602 Central Tower, 28 Queen’s Road Central, Hong Kong,
telephone: 852-2526 6311, Fax: 852-2845 0638) as its agent (“Buyer’s Agent”) to receive and confirm any Legal
Notice in Hong Kong on behalf of the Buyer. The personal delivery of the Legal Notice to the Buyer’ Agent or sending of such
Legal Notice to the foregoing address or know new address, such Legal Notice shall be deemed effectively served on the second Business
Day after it is mailed; if there is a mail box at the foregoing address or the known new address, the putting of such Legal Notice
into such mail box (whether sent to the Buyer or not or received by the Buyer or not) shall be deemed that such Legal Notice has
been effectively served. If the Buyer’s Agent is unable to continue serving as the agent of such Buyer for any reason, the
Buyer shall appoint another agent in Hong Kong for the same purpose and shall notify the other contracting Parties hereto in writing
of such appointment pursuant to Article 7. According to Article 7, unless and until the notice on the appointment of the new agent
is deemed to have been received by other contracting Parties hereto, any Legal Notice shall be deemed to have been appropriately
given to the Buyer under law if it is appropriately sent to the Buyer’ Agent.

 

7.4 The provisions of Article
5, after necessary amendment, shall apply to any Communication between the receiving agents of the legal instruments as designated
by the contracting Parties in Article 7 or between the successors’ agents.

 

[The remainder of this page is intentionally left blank]

 

     

     

    

Page for Signature

 

This Agreement is concluded in
the form of a deed and the effective date hereof shall be the date stated on the first page.

 

Signature of the Buyer 

Tianfeng Securities Co., Ltd.

Seal: 

Name: 

Position: Director 

 

Signature of the Transferors

iSTAR Capital International Co.
Limited, the Transferor 

Seal: 

Name: Wang Jun 

Position: Director 

 

iSTAR Management Limited 

Seal: 

Name: Wang Jun 

Position: Director 

 

Signature of the Guarantor 

Beijing Fuhua Innovation & Technology Development Co., Ltd. 

Seal:  

Name: Wang Jun 

Position: authorized person 

 

Signature of the Target Companies
 

iSTAR International Futures Co.
Limited 

Seal: 

Name: Wang Jun 

Position: Director 

 

iSTAR International Wealth Management
Co., Limited 

Seal: 

Name: Wang Jun 

Position: Director 

 

     

     

    

Dated on: September 28, 2015

 

iSTAR Capital International Co. Limited

 

(“iSTAR Capital International”)

 

and

 

iSTAR Management Limited

 

(“iSTAR Management”)

 

and

 

Tianfeng Securities Co., Ltd.

 

(“Buyer”)

 

and

 

Beijing Fuhua Innovation & Technology Development Co., Ltd.

 

(“Guarantor”)

 

 

Supplementary Agreement (II) to Agreement for Sale of 100% Equities
of iSTAR International Futures Co. Limited and 100% Equities of iSTAR International Wealth Management Co. Limited

 

 

     

     

    

This Supplementary Agreements dated on September 28, 2015 is
concluded and entered into by and among the following Parties:

 

Contracting Parties:

 

(1) ISTAR CAPITAL INTERNATIONAL CO. LIMITED,
a limited company registered and organized in British Virgin Islands, with the registered office at P.O. Box 957,
Offshore Incorporations Centre Road Town, Tortola,
British Virgin Islands (“iSTAR Capital International”); 

 

(2) ISTAR MANAGEMENT LIMITED,
a limited company registered and organized in British Virgin Islands, with the registered office at P.O. Box 957,
Offshore Incorporations Centre Road Town, Tortola,
British Virgin Islands (“iSTAR Management”, collectively referred
to as the “Transferors” together with iSTAR Capital International)

 

(3) Tianfeng Securities Co., Ltd.,
a company limited by shares that is registered and organized in Wuhan, Hubei, China, with the registered office at 37F, Tower A,
Poly Plaza, No. 99 of Zhongnan Road, Wuchang District, Wuhan, Hubei, China (the “Buyer”); and 

 

(4) Beijing Fuhua Innovation & Technology Development Co., Ltd.,
a limited liability company that is registered and organized in Beijing China, with the registered address at: A1701, 1702, 1703,
1705, 1706, and 1707, No. 28 Xuanwumenwai Avenue, Xicheng District, Beijing, China (the “Guarantor”).

 

Foreword:

 

(A) The Buyer, iSTAR Capital International, iSTAR Management,
and the Guarantor signed on March 30, 2015 an agreement for sale of all equities of iSTAR Futures and iSTAR Wealth and a supplementary
Agreement to the foregoing sale agreement on April 9, 2015 (hereinafter collectively referred to as the “Sale Agreement”).
According to the Sale Agreement, if any of the Conditions Precedent stated in Article 3.1 of the Sale Agreement cannot
be satisfied or be waived or exempted by the Buyer on September 30, 2015 or a later date approved by the Parties in writing, the
Sale Agreement and the matters stated therein as well as the rights and obligations of the Parties hereto, subject to not
conflicting the liabilities of any Party to the other Party for the breach of any provision of the Sale Agreement before
the termination hereof, the Sale Agreement shall lose effect and terminate as of October 1, 2015. 

 

(B) The Parties to the Sale Agreement hereby
agree to extend the term of the Conditions Precedent mentioned in Article 3.2 of the Sale Agreement pursuant to this Supplementary
Agreement.

 

Now therefore, the Parties agree as follows:

 

1. Definitions

 

1.1 Unless otherwise required by the context, the terms and words defined in the Sale
Agreement shall have the same meaning when used in this Supplementary Agreement.

 

1.2 The statutory provisions mentioned shall be construed to be the amendment and revision
of such provisions from time to time, or change in the application thereof according to the other provisions (whether the change
is made before or after the date of this Supplementary Agreement) and to include the newly formulated provisions (whether amended
or not).

 

1.3 The provisions and schedules mentioned refer to the provisions and schedules of this
Supplementary Agreement. The schedules hereto (if any) shall be deemed to constitute a part of this Supplementary Agreement.

 

     

     

    

1.4 The headings are for convenience only and shall not affect the interpretation of
this Supplementary Agreement.

 

1.5 In this Supplementary Agreement, words importing the singular include the plural
and vice versa; words importing gender or neutral gender include any genders and a reference to a person includes corporate bodies
and unincorporated bodies.

 

1.6 The document of provisions subject to approval means a document whose provisions
have been approved by the Parties hereto or the representatives thereof and that has been signed by the Parties hereto or the representatives
thereof for identification.

 

2. Extension of the Term of Conditions Precedent 

 

The Buyer, the Transferors and the Guarantor unconditionally and irrevocably agree to
extend the deadline mentioned in Article 3.2 of the Sale Agreement from September 30, 2015 to December 31, 2015. in case
any precedent condition stated in the Sale Agreement cannot be satisfied, or be waived
or exempted by the Buyer on December 31, 2015 or a later date approved by the Parties in writing, the Sale Agreement, this
Supplementary Agreement, and the matters stated therein as well as the rights and obligations of the Parties hereto, subject to
not conflicting the liabilities of any Party to the other Party for the breach of any provision of the Sale Agreement and
this Supplementary Agreement before the termination hereof, the Sale Agreement and this Supplementary Agreement shall lose
effect and terminate as of January 1, 2016.

 

3. General Provisions

 

3.1 Article 9, Article 12 through Article 19 (including
the beginning and ending provisions) of the Sale Agreement shall apply to this Supplementary Agreement. 

 

3.2 This Supplementary Agreement is an integral part
of the Sale Agreement; if there is any discrepancy between this Supplementary Agreement and the Sale Agreement, this
Supplementary Agreement shall prevail. 

 

3.3 Unless otherwise explicitly stated in this Supplementary
Agreement, this Supplementary Agreement shall not constitute an amendment to any provisions of the Sale Agreement. 

 

3.4 This Supplementary Agreement may be signed in any
number of copies and all copies shall constitute one and the same agreement. Any Party hereto may sign this Supplementary Agreement
by signing a copy. 

 

3.5 This Supplementary Agreement shall be governed
by and interpreted in accordance with the laws of Hong Kong. The other provisions of the Sale Agreement shall remain unchanged.

 

[The remainder of this page is intentionally left blank]

 

     

     

    

In witness whereof, this Agreement
is signed on the date stated on the first page.

 

Signed by Wang Jun 

For and on behalf of iSTAR Capital
International Co. Limited  

Witness: [illegible]

 

Signed by Wang Jun 

For and on behalf of iSTAR ManagementLimited 

Witness: [illegible]

 

Signed by Wu Jiangang 

For and on behalf of  

Tianfeng Securities Co., Ltd. 

Witness: Wu Jiangang

 

Signed Wang Jun 

For and on behalf of Beijing
Fuhua Innovation & Technology Development Co., Ltd. 

Witness: [illegible]

 

     

     

    

Dated on: April 9, 2015

 

iSTAR Capital International Co. Limited

(“iSTAR Capital International”)

 

and

 

iSTAR Management Limited

(“iSTAR Management”)

 

and

 

Tianfeng Securities Co., Ltd.

(“Buyer”)

 

and

 

Beijing Fuhua Innovation & Technology Development Co., Ltd.

(“Guarantor”)

 

 

Supplementary Agreement to Agreement for Sale of 100% Equities
of iSTAR International Futures Co. Limited and 100% Equities of iSTAR International Wealth Management Co. Limited

 

 

     

     

    

This Supplementary Agreements dated on April 9, 2015 is
concluded and entered into by and among the following Parties:

 

Contracting Parties:

 

(1) ISTAR CAPITAL INTERNATIONAL
CO. LIMITED, a limited company registered and organized in British Virgin Islands, with the registered office at
P.O. Box 957, Offshore Incorporations Centre Road
Town, Tortola, British Virgin Islands (“iSTAR Capital International”);

 

(2) ISTAR MANAGEMENT LIMITED,
a limited company registered and organized in British Virgin Islands, with the registered office at P.O. Box
957, Offshore Incorporations Centre Road Town,
Tortola, British Virgin Islands (“iSTAR Management”, collectively
referred to as the “Transferors” together with iSTAR Capital International)

 

(3) Tianfeng Securities Co.,
Ltd., a company limited by shares that is registered and organized in Wuhan, Hubei, China, with the registered office at 37F,
Tower A, Poly Plaza, No. 99 of Zhongnan Road, Wuchang District, Wuhan, Hubei, China (the “Buyer”); and 

 

(4) Beijing Fuhua Innovation & Technology Development Co.,
Ltd., a limited liability company registered and organized in Beijing, China, with the registered address at Rooms 938-941, Tower
C, International Enterprise Building, No.35 of Finance Street, Xicheng District, Beijing, China (the
“Guarantor”).

 

(The foregoing Parties are collectively referred to as the Parties)

 

Whereas:

 

1. The Parties signed the Agreement for Sale of
100% Equities of iSTAR International Futures Co. Limited and 100% Equities of
iSTAR International Wealth Management Co. Limited (“Original Agreement“) on March 30, 2015;

 

2. The Original Agreement stipulates that, within ten working days after the Original
Agreement is signed, the Buyer shall deposit a Down Payment of forty million Hong Kong dollars (HK$40,000,000) in a lump sum in
the bank account of thetransferee;

 

3. Subject to the provisions of existing and effective laws of the place where the Buyer
is located, the Buyer is unable to complete the payment of the Down Payment specified in the Original Agreement to the Transferors
within the period set forth in the Original Agreement.

 

Now therefore, the Parties understand and supplementarily reach and conclude the following
agreement:

 

1. The Buyer shall, within five working days after this Supplementary Agreement is signed,
pay RMB 33,000,000 Yuan (the “Payment”) to the Guarantor of the Original Agreement;

 

2. The Payment shall serve as a cash deposit for the consideration specified in the
Original Agreement and shall, within five working days after the completion of the payment of the total transfer price prescribed
in the Original Agreement, be returned by the Guarantor of the original Agreement to the Buyer;

 

3. The bank account information of Guarantor of the Original Agreement for receiving
the cash deposit for the consideration paid by the Buyer is:

 

Company name: Beijing Fuhua Innovation & Technology Development Co., Ltd. 

Bank name: Bank of Communications, Beijing Municipal Branch, Business Department  

Account number: 110060149012015083356

 

     

     

    

4. Any matter not stated in this Supplementary Agreement shall be implemented pursuant
to the provisions of the Original Agreement.

 

-------------------The remainder of this page is intentionally left blank-----------

 

Signed by Wang Jun 

For and on behalf of iSTAR Capital
International Co. Limited 

 

Signed by Wang Jun 

For and on behalf of iSTAR Management
Limited

 

Signed by Wu Jiangang 

For and on behalf of Tianfeng
Securities Co., Ltd.

 

Signed Wang Jun 

For and on behalf of Beijing
Fuhua Innovation & Technology Development Co., Ltd.

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