Document:

Unassociated Document

    

      EXCLUSIVE
        EQUITY INTEREST PURCHASE AGREEMENT

       

      THIS
        EXCLUSIVE EQUITY INTEREST PURCHASE AGREEMENT ( the
“Agreement” ) is entered into by and among
        the following
        parties on September 28, 2007.

       

      Party
        A: Zhi Bao Da Tong (Beijing) Technology Co., Ltd (“ZBDT”),
        a
        wholly foreign-owned company incorporated under PRC laws with its registered
        address at Room 210, #25 building, #15 An Ning Zhuang East Road, Haidian
        District, Beijing.

      

      Party
        B: Xu Junjun, a PRC citizen with ID No. 422422197012200040

      Address:
        Room 807, Building A, Dingxiu Garden, #1 Shi Liu Yuan Nan Li, Fengtai
        District.

      

      Party
        C: Beijing
        Zhi Yuan Tian Xia Technology Co., Ltd.
        (“ZYTX”),
        a
        limited liability company duly established and valid existing under the PRC
        laws, with its registered address at Room 1211-3, Chang Cheng Da Sha, #22
        Shijingshan Road, Shijingshan District, Beijing.

      

      WHEREAS,

      

      
        	1.	
                Party
                  B holds 40% equity interest in Party
                  C;

              

      

      

      
        	2.	
                Party
                  C and Party A have entered into Exclusive Consulting and Service
                  Agreement, and other agreements.

              

      

      

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

       

      
        	1.	
                Transfer
                  of Equity Interest

              

      

      

      
        	
              	1.1	
                Grant
                  Right

              

      

      

      Party
        B
        hereby irrevocably grants Party A the exclusive right that Party A, based
        on the
        consideration provided in Article 1.3 of this Agreement, can purchase or
        designate one or more persons (the “Specified
        Person”)
        to
        purchase the Equity Interest subject to compliance with legal restriction
        under
        the applicable PRC laws(the “Purchase
        Right”).
        Except for Party A and the Specified Person, Party C shall not sell the Equity
        Interest to any third party. Party C hereby agrees that Party B may grant
        the
        Purchase Right to Party A, and the other shareholder of Party C hereby give
        up
        the preemption right relating to the Equity Interest evidenced by the
        Announcement document attached hereto as the Appendix. Such person hereunder
        in
        this Agreement refers to individual, corporation, joint enterprise, partnership,
        enterprise, trust or non-corporation organization. 

       

      
        
          
          

        

        
          Page 1

          
            

          

        

        
          
          

        

      

      

      
        	
              	1.2	
                Steps
                  for Exercise of the Purchase Right

              

      

      

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

      

      
        	
              	1.3	
                Consideration
                  of the Equity Interest

              

      

      

      The
        Transfer Fee (“Transfer
        Fee”)
        payable by Party A shall be confirmed by and between Party A and Party B
        through
        negotiation according to the evaluation of the Equity Interest by the relevant
        qualified institute, and it shall be the lowest price allowable by the PRC
        laws
        and regulations. 

      

      
        	
              	1.4	
                Transfer
                  of the Equity Interest

              

      

      

      When
        Party A exercises the Purchase Right every time: 

      

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

              

      

      

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

              

      

      

      
        	
              	1.4.3	
                The
                  related parties shall execute all other necessary agreements or
                  documents,
                  and obtain all necessary government approvals and consents, and
                  take all
                  necessary actions to legally transfer the ownership of the Equity
                  Interest
                  to Party A or the Specified Person and procure Party A or the Specified
                  Person to be registered as the owner of the Equity Interest. The
                  Equity
                  Interest should be free from any Security Interest. For the purpose
                  of
                  this Agreement, Security Interest include guarantee, mortgage,
                  any third
                  party rights or interest, any purchase rights, preemption rights,
                  offset
                  rights and any other security arrangements. It is clarified that
                  the
                  Security Interest do not include any security interest accrued
                  in
                  accordance with this Agreement and the Equity Interest Pledge Agreement
                  which is entered into by and between Party B and Party A, 2007
                  (“Equity
                  Interest Pledge Agreement”).
                  According to the Equity Interest Pledge Agreement, Party B shall
                  pledge
                  all the equity possessed by Party B in Party C to Party A as a
                  guarantee
                  to the Exclusive Technical Consulting and Service Agreement which
                  is
                  entered into by and between Party C and Party A on September 28,
                  2007(“Exclusive
                  Technical Consulting and Service Agreement”).
                  

              

      

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      
        	
              	1.5	
                Payment
                  for the Equity Interest

              

      

      

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

              

      

       

      
        	2.	
                Warranties
                  Relating to the Equity
                  Interest

              

      

      

      
        	
              	2.1	
                Warranties
                  of Party C

              

      

      

      
        	
              	2.1.1	
                Without
                  the written consent from Party A, Party C will not amend, modify
                  any
                  provisions of the constitutional documents of the company, and
                  will not
                  increase or reduce its registered capital, or change the equity
                  holding
                  structures in other methods.

              

      

      

      
        	
              	2.1.2	
                Shall
                  keep the Party C legally existing, and prudently and efficiently
                  operate
                  its business and deal with corporate affairs in accordance with
                  commercial
                  standards and practice.

              

      

      

      
        	
              	2.1.3	
                Unless
                  having got prior written consent from Party A, Party C shall not
                  sell,
                  transfer, mortgage or dispose of any assets, business or beneficial
                  rights
                  of Party C, or allow any creation of other Security
                  Interest.

              

      

      

      
        	
              	2.1.4	
                Unless
                  having got prior written consent from Party A, Party C shall not
                  occur,
                  inherit, provide guarantee to any debts except for (i)the debt
                  is occurred
                  during the normal business operation instead of loan; (ii) the
                  debt has
                  been disclosed to Party A and obtained Party A’s written
                  consent.

              

      

      

      
        	
              	2.1.5	
                Party
                  C shall operate its business normally to keep the value of its
                  assets, and
                  shall not take any action which shall bring material influence
                  to the
                  business operation and the value of the asset.

              

      

      

      
        	
              	2.1.6	
                Unless
                  having got prior written consent from Party A, Party C shall not
                  enter
                  into any material agreement except for the purpose of normal business
                  operation. (For the purpose of this paragraph, an agreement covering
                  an
                  amount in excess of RMB500,000 will be deemed as a material
                  agreement).

              

      

      

      
        	
              	2.1.7	
                Unless
                  having got prior written consent from Party A, Party C shall not
                  provide
                  any loans to any third party. 

              

      

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

      
        	
              	2.1.8	
                According
                  to Party A’s request, Party C shall provide any materials relating to the
                  operation and financial status of Party C to Party
                  A.

              

      

      

      
        	
              	2.1.9	
                Unless
                  having got prior written consent from Party A, Party C shall not
                  merge
                  with, combine or purchase any entity or make investment.
                  

              

      

      

      
        	
              	2.1.10	
                Party
                  C shall inform Party A of any occurred or potential litigation,
                  arbitration, or administrative procedure in relation to the Equity
                  Interest.

              

      

      

      
        	
              	2.1.11	
                In
                  order to keep the ownership of all assets, Party C shall execute
                  all
                  necessary or proper documents, take all necessary or proper actions
                  and
                  substitute all necessary or proper claims, or make all necessary
                  or proper
                  answer to all compensation claims.

              

      

      

      
        	
              	2.1.12	
                Without
                  the prior written consent from Party A, Party C shall not allot
                  any
                  dividend to any shareholder. However, Party C shall immediately
                  allot all
                  dividends to the shareholders upon request of Party
                  A.

              

      

       

      
        	
              	2.2	
                Warranties
                  of Party B

              

      

      

      
        	
              	2.2.1	
                Unless
                  having got prior written consent from Party A, Party B shall not
                  sell,
                  transfer, mortgage or dispose of any rights or interest relating
                  to the
                  Equity Interest, or allow any creation of other Security Interest
                  on the
                  Equity Interest. However the Security Interest under this Agreement
                  and
                  the Equity Interest Pledge Agreement is not included.
                  

              

      

      

      
        	
              	2.2.2	
                Unless
                  having got prior written consent from Party A, Party B shall try
                  its best
                  to prevent the shareholders’ meeting of Party C from approving resolutions
                  relating to the sale, transfer, mortgage, disposal of any rights
                  or
                  interests relating to the Equity Interest, or allow any creation
                  of other
                  Security Interest on the Equity Interest. However the Security
                  Interest
                  under this Agreement and the Equity Interest Pledge Agreement is
                  not
                  included.

              

      

      

      
        	
              	2.2.3	
                Unless
                  having got prior written consent from Party A, Party B shall try
                  its best
                  to prevent the other shareholders of Party C from approving resolutions
                  relating to merge with, combination with or purchase any entity
                  or make
                  investment. 

              

      

      

      
        	
              	2.2.4	
                Party
                  B shall inform Party A of any occurred or potential litigation,
                  arbitration, or administrative procedure in relation to the Equity
                  Interest.

              

      

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

    

    
      

      
        	
              	2.2.5	
                Party
                  B shall procure the other shareholders of Party C approve the transfer
                  of
                  the Equity Interest as set out in this
                  Agreement.

              

      

      

      
        	
              	2.2.6	
                In
                  order to keep the ownership of the Equity Interest, Party C shall
                  execute
                  all necessary or proper documents, take all necessary or proper
                  actions
                  and substitute all necessary or proper claims, or make all necessary
                  or
                  proper answer to all compensation
                  claims.

              

      

      

      
        	
              	2.2.7	
                Upon
                  requirement by Party A from time to time, Party B shall immediately
                  transfer to Party A or the Specified Person of the Equity Interest
                  unconditionally at any time. 

              

      

      

      
        	
              	2.2.8	
                Party
                  B shall strictly comply with this Agreement and any other agreements
                  which
                  may be entered into Party B, Party C and Party A collectively or
                  separately, and shall perform its obligations under such agreements,
                  and
                  shall not make any actions which shall affect the validity and
                  enforceability of such agreements. 

              

      

      

      
        	3.	
                Representations
                  and Warranties

              

      

      

      
        	
              	3.1	
                Party
                  B and Party C jointly and separately make representations and undertakings
                  as followed:

              

      

       

      
        	
              	3.1.1	
                It
                  has the power to enter into and deliver this Agreement and Equity
                  Transfer
                  Contract which will executed by Party B from time to time for the
                  transfer
                  of the Equity Interest, and it has the power and capacity to perform
                  its
                  obligations under this Agreements and Equity Transfer
                  Contract.

              

      

       

      
        	
              	3.1.2	
                Neither
                  the execution and delivery of this Agreement or any Equity Transfer
                  Contract, nor performance of the obligations under this Agreement
                  or any
                  Equity Transfer Contract will: (i) violate any PRC laws; (ii) conflict
                  with its Articles of Association or other organizational documents;
                  (iii)
                  breach any contract or document which Party C is a party or which
                  binds on
                  Party C; (iv) violate any acquired permit, approval or any valid
                  qualification; or (v) result in the ceasing or revocation or additional
                  conditions to the acquired permit, approval.

              

      

       

      
        	
              	3.1.3	
                Party
                  B obtains full and transferable ownership on its assets and facilities.
                  Besides the pledge and/or mortgage incurred by this Agreement and
                  the
                  pledge set on Party B’s equity interest incurred by the Equity Interests
                  Pledge Agreement, there is no any other pledge and/or mortgage
                  on such
                  assets and facilities.

              

      

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

      
        
          	
                	3.1.4	
                  Party
                    C has no outstanding debt except for (i)the legal debt, which
                    is occurred
                    during the normal business operation instead of loan; (ii) the
                    debt has
                    been disclosed to Party A.

                

        

      

       

      
        	
              	3.1.5	
                Party
                  C complies with all applicable laws and regulations relating to
                  equity
                  transfer. 

              

      

       

      
        	
              	3.1.6	
                There
                  is no occurred, pending or potential litigation, arbitration, or
                  administrative procedure in relation to the Equity Interest, assets
                  of
                  Party C and other matters of Party
                  C.

              

      

       

      
        	4.	
                Effectiveness
                  and Term of this Agreement

              

      

      

      This
        Agreement shall take effect upon execution by the Parties (“Effective Date”),
        the term will be ten (10) years, and it may be extended for another ten (10)
        years if Party A requires so.

       

      
        	5.	
                Governing
                  Law and Dispute Settlement

              

      

      

      
        	
              	5.1	
                Governing
                  Law

              

      

      

      The
        formation, validity, interpretation and implementation, and dispute settlement
        under this Agreement shall be governed by PRC laws.

      

      
        	
              	5.2	
                Dispute
                  Settlement 

              

      

      

      With
        regards to any dispute in relation to the interpretation or implementation
        of
        this Agreement, the Parties shall negotiate friendly to settle the dispute.
        If
        it can not be settled within thirty (30) days from the date any party issuing
        written notice requesting settlement of dispute through negotiation, each
        party
        has the right to submit it to China International Economic and Trade Arbitration
        Committee for arbitration according to the valid arbitration rules. The
        arbitration shall be held in Beijing. The arbitration award is final and
        binding
        on each party. 

      

      
        	6.	
                Tax
                  and Expenses

              

      

      

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

      

      
        	7.	
                Notice

              

      

      

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

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

      
         

        Party
          A: Zhi Bao Da Tong (Beijing) Technology Co., Ltd

        Address:
          Room 210, #25 building, #15 An Ning Zhuang East Road, Haidian District,
          Beijing

      

       

      Party
        B: Xu Junjun

      Address:
        Room 807, Building A, Dingxiu Garden, #1 Shi Liu Yuan Nan Li, Fengtai
        District.

      

      Party
        C: Beijing
        Zhi Yuan Tian Xia Technology Co., Ltd.

      Address:
        Room 1211-3, Chang Cheng Da Sha, #22 Shijingshan Road, Shijingshan District,
        Beijing.

      

      
        	8.	
                Confidentiality

              

      

      

      
        	
              	8.1	
                The
                  Parties acknowledge and confirm that any oral or written information
                  relating to this Agreement communicated among the Parties shall
                  be deemed
                  as confidential information (“Confidential Information”). The Parties
                  shall keep confidential of such Confidential Information and shall
                  not
                  disclose to any third party unless having got written consent from
                  the
                  other parties. The following situations shall be excluded: (a)
                  It is
                  publicly available or will become publicly available( it is not
                  disclosed
                  by the party receiving such Confidential Information); (b) it is
                  disclosed
                  in accordance with applicable laws or regulations; or (c) the party
                  who
                  disclose any Confidential Information to its attorney or financial
                  advisor
                  who need to access such information shall ensure that such attorney
                  or
                  financial advisor complies with this Article and keep confidential
                  of such
                  information. The disclosure by the employee or agent of Each Party
                  shall
                  be deemed that it is disclosed by such party itself, and the party
                  shall
                  undertake breaching liability. The Parties agree that the provisions
                  of
                  this Article shall survive notwithstanding the termination of this
                  Agreement.

              

      

      

      
        	9.	
                Further
                  Assurance 

              

      

      

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

              

      

       

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

       

      
        	10.	
                Miscellaneous

              

      

      

      
        	
              	10.1	
                Amendment
                  and supplementation

              

      

       

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

       

      
        	
              	10.2	
                Compliance
                  with laws and regulations

              

      

       

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

       

      
        	
              	10.3	
                Entire
                  agreement

              

      

       

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

       

      
        	
              	10.4	
                Headings

              

      

       

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

       

      
        	
              	10.5	
                Language

              

      

       

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

       

      
        	
              	10.6	
                Severability

              

      

       

      If
        any of
        the terms of this Agreement is declared invalid, illegal or unenforceable
        in
        accordance with any applicable laws or regulations, the validity and
        enforceability of the other terms hereof shall nevertheless remain unaffected,
        and the Parties hereto agree to, through friend negotiation, make valid terms
        to
        such invalid, illegal or unenforceable terms, and the economic results from
        such
        valid terms shall be close to, as much as may be impossible, the superseded
        invalid, illegal or enforceable terms. 

       

      
        	
              	10.7	
                Successor

              

      

       

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

       

      
        	
              	10.8	
                Continue
                  to be effective

              

      

       

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

              

      

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

       

      
        	
              	10.8.2	
                The
                  provisions of Articles 5, 7 and 10.8 shall survive nothwithstanding
                  the
                  termination of this Agreement.

              

      

       

      
        	
              	10.9	
                Waiver

              

      

       

      Each
        party may waive the terms and conditions under this Agreement in writing.
        Such
        waive document should be duly signed by the each party. Any waive relating
        to
        the breach of the other party in certain circumstance shall not be deemed
        as
        that the waiver party has made waiver to the other party for the same breach
        in
        other circumstances. 

       

      [The
        remainder of this page is intentionally left blank ]

       

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

       

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

       

       

      

      Party
        A: Zhi Bao Da Tong (Beijing) Technology Co., Ltd

      Legal
        Representative (Signature): /s/ DeLu Gao

      

      Party
        B: Xu Junjun

      Signature:
        /s/ Xu Junjun

      

      Party
        C: Beijing
        Zhi Yuan Tian Xia Technology Co., Ltd.

      Legal
        Representative (Signature): /s/ Wang Zhenyu

       

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

       

      Appendix

      

      Announcement
        Letter

      

      Beijing
        Zhi Yuan Tian Xia Technology Co., Ltd. (“ZYTX”)
        is a
        limited liability company duly established and valid existing under the PRC
        laws, out of which I hold 60% equity interest, and the other shareholder
        Xu
        Junjun hold 100% equity interest of ZYTX. I hereby irrevocably waive any
        pre-emptive right I may have upon the other 40% equity interest held by the
        others, and will not encumber the transfer of the equity interest you proposed.
        

      

      This
        Announcement Letter is effective from the date of signature. 

      

      

      /s/
        Wang
        Zhenyu

      Signature

      

      Date:
        September 28, 2007

       

      
        
          
          

        

        
          11Unassociated Document

    

    EQUITY
      INTEREST
      PLEDGE
      AGREEMENT

    

    THIS
      EQUITY
      INTEREST PLEDGE
      AGREEMENT (“Agreement”)
      is
      entered into by and between the following parties on September 28,
      2007. 

    

    Pledgee:
      Zhi Bao Da Tong (Beijing) Technology Co., Ltd. (“Party
      A” or “ZBDT”)

    Registered
      address: Room 210, #25 building, #15 An Ning Zhuang East Road, Haidian District,
      Beijing.

    

    Pledgor:
      Wang Zhenyu (“Party B”)

    ID
      No.: 222323197004100013

    Address:
      Room 302, Unit 2, Building 38, Xingtao Yuan, Huangcun Zhen, Daxing District,
      Beijing

    

    (each
      a
“Party”
and
      collectively the “Parties”)

    

    WHEREAS:

    

    
      	
              1.

            	
              The
                Pledgee is a wholly foreign-owned enterprise duly established and
                valid
                existing under the People’s Republic of China (the “PRC”)
                laws. The Pledgee and Beijing Zhi Yuan Tian Xia Technology Co., Ltd.
                (“ZYTX”) owned by the Pledgor entered into Exclusive
                Technical Consulting and Service Agreement on September 28, 2007
                (the
                “Service Agreement”).

            
	 	 
	
              2.

            	
              The
                Pledgor, a local citizen of the PRC, who holds 60% equity interest
                of
                ZYTX, which is a limited liability company duly established and valid
                existing in Beijing under the laws of PRC.

            
	 	 
	
              3.

            	
              Pursuant
                to the Service Agreement, ZYTX shall make certain payments to the
                Pledgee
                in consideration of the services and consultant provided by the Pledgee
                thereunder. In order to ensure that the Pledgee collects technical
                fee
                from ZYTX, the Pledgor is willing to pledge all its equity interest
                in
                ZYTX to the Pledgee as a security for the Pledgee to collect the
                technical
                consulting and service fees under the Service
                Agreement.

            

    

    

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

     

    
      
        Article
          1       Definitions

      

    

    

    Unless
      it
      is otherwise stipulated, for the purpose of this Agreement, the following terms
      shall have the following meanings:

    

    
      	
              1.1

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

            
	 	 
	
              1.2

            	
              Equity
                Interest means the 60% equity interest (the “Equity
                Interest”) in ZYTX legally held by the Pledgor and all the other
                equity interest which might be further held by the
                Pledgor;

            
	 	 
	
              1.3

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

            

    

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    

    
      	
              1.4

            	
              Term
                of Pledge means the period provided for under Article 3.2
                hereunder.

            
	 	 
	
              1.5

            	
              Service
                Agreement means the Exclusive Technical Consulting and Service Agreement
                entered into by and between ZYTX and the Pledgee.

            
	 	 
	
              1.6

            	
              Event
                of Default means any event in accordance with Article 7
                hereunder.

            
	 	 
	
              1.7

            	
              Notice
                of Default means the notice of default issued by the Pledgee in accordance
                with this Agreement.

            

    

     

    
      
        Article
          2       Pledge

      

    

    

    
      	
              2.1

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

            
	 	 
	
              2.2

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

            

    

    

    
      
        Article
          3       Rate
          of Pledge and Term of Pledge

      

    

    

    
      	
              3.1

            	
              The
                Rate of Pledge:

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

            
	 	 
	
              3.2

            	
              The
                Term of Pledge

            
	 	 	 
	 	
              3.1.1

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

            
	 	 	 
	 	
              3.1.2

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

            

    

    

    
      
        Article
          4       Physical
          Possession of Documents

      

    

    

    
      	
              4.1

            	
              During
                the Term of Pledge, the Pledgee shall be entitled to possess the
                contribution certificate of the Equity Interest (the “Contribution
                Certificate”) and the register of shareholders of ZYTX. The
                Pledgor shall delivery the Contribution Certificate and the register
                of
                shareholders hereunder to the Pledgee within one week after the signature
                date of this Agreement.

            
	 	 
	
              4.2

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

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    
      
        Article
          5       Representations
          and Warranties of Party B

      

    

    

    
      	
              5.1

            	
              Party
                B is the legal owner of the Equity Interest.

            
	 	 
	
              5.2

            	
              Except
                as otherwise provided hereunder, the Pledgee shall not be interfered
                with
                by any parties at any time when the Pledgee exercising its rights
                in
                accordance with this Agreement.

            
	 	 
	
              5.3

            	
              Except
                as otherwise provided hereunder, the Pledgee shall be entitled to
                exercise, dispose of or assign the Pledge in accordance with this
                Agreement.

            
	 	 
	
              5.4

            	
              The
                Pledgor shall not pledge or encumber the Equity Interest to any other
                person except for the Pledgee.

            

    

    

    
      
        Article
          6       Covenant
          of the Pledgor

      

    

    

    
      	
              6.1

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

            
	 	 	 
	 	
              6.1.1

            	
              Except
                for the transfer of the Equity Interest by the Pledgor as subject
                to the
                Exclusive Equity Interest Purchase Agreement entered into by and
                among the
                Pledgor and ZBDT to transfer the Equity Interest to the Pledgee or
                the
                specified person consigned by the Pledgee (“Specified
                Person”), not transfer or assign the Equity Interest, create or
                permit to be created any pledges which may have an adverse affect
                on the
                rights or benefits of the Pledgee without prior written consent from
                the
                Pledgee.

            
	 	 	 
	 	
              6.1.2

            	
              Comply
                with and implement laws and regulation with respect to the right
                of
                pledge, present to the Pledgee the notices, orders or suggestions
                with
                respect to the Pledge issued or made by the competent authority after
                receiving such notices, orders or suggestions and comply with such
                notices, orders or suggestions, or object to the foregoing matters
                at the
                reasonable request of the Pledgee or with the written consent from
                the
                Pledgee.

            
	 	 	 
	 	
              6.1.3

            	
              Timely
                notify the Pledgee of any events or any received notices which may
                affect
                the Pledgor’s Equity Interest or any part of its right, and any events or
                any received notices which may change any of the Pledgor’s convenants and
                obligations under this Agreement or which may affect the Pledgor’s
                performance of its obligation under this Agreement.

            
	 	 	 
	
              6.2

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

            
	 	 
	
              6.3

            	
              The
                Pledgor warrants to the Pledgee that in order to protect or perfect
                the
                security over the payment of the technical consulting and service
                fees
                under the Service Agreement, the Pledgor shall execute in good faith
                and
                cause other parties who have interest in the Pledge to execute all
                the
                title certificates, contracts, and/or perform and cause other parties
                who
                have interests to take action as required by the Pledgee and provide
                access to exercise the rights and authorization vested in the Pledgee
                under this Agreement, and execute all the documents with respect
                to the
                changes or certificate of the Equity Interest with the Pledgee or
                the
                person (natural person or legal entity) designated by the Pledgee,
                and
                provide all the notices, orders and decisions regarded as necessary
                by the
                Pledgee to the Pledgee within the reasonable
                time.

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

    
      	
              6.4

            	
              The
                Pledgor warrants to the Pledgee that the Pledgor will comply with
                and
                perform all the guarantees, covenants, agreements, representations
                and
                conditions for the benefits of the Pledgee. The Pledgor shall compensate
                all the losses suffered by the Pledgee in the event that the Pledgor
                does
                not perform or fully perform his guarantees, covenants, agreements,
                representations and conditions.

            

    

    

    
      
        Article
          7       Events
          of Default

      

    

    

    
      	
              7.1

            	
              The
                events listed below shall be deemed as an event of
                default:

            
	 	 	 
	 	
              7.1.1

            	
              ZYTX
                fails to make full payments of the exclusive technical consulting
                and
                service fees as scheduled under the Service Agreement.

            
	 	 	 
	 	
              7.1.2

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

            
	 	 	 
	 	
              7.1.3

            	
              The
                Pledgor violates the covenants under Article 6 herein.

            
	 	 	 
	 	
              7.1.4

            	
              The
                Pledgor violates any terms or conditions herein.

            
	 	 	 
	 	
              7.1.5

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

            
	 	 	 
	 	
              7.1.6

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

            
	 	 	 
	 	
              7.1.7

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

            
	 	 	 
	 	
              7.1.8

            	
              This
                Agreement becomes illegal for the reason of the promulgation of the
                related laws or the Pledgor’s incapability of continuing to perform the
                obligations herein.

            
	 	 	 
	 	
              7.1.9

            	
              Any
                approval, permits or authorization from the competent authority of
                the
                government needed to perform this Agreement or validate this Agreement
                are
                withdrawn, suspended, invalidated or materially
                revised.

            
	 	 	 
	 	
              7.1.10

            	
              The
                property of the Pledgor adversely changed and causes the Pledgee
                to deem
                that the capability of the Pledgor to perform the obligations herein
                under
                this Agreement is effected.

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

    
      	 	
              7.1.11

            	
              The
                successors or assignees of ZYTX are only entitled to perform a portion
                of
                or refuse to perform the payment liability under Service
                Agreement.

            
	 	 	 
	 	
              7.1.12

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

            
	 	 	 
	
              7.2

            	
              Party
                B should immediately notice Party A in writing if the Pledgor is
                aware of
                or finds that any event under Article 7.1 herein or any events that
                may
                result in the foregoing events have occurred or are
                occurring.

            
	 	 
	
              7.3

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

            

    

    

    
      
        Article
          8       Exercise
          of the Right of the Pledge

      

    

    

    
      	
              8.1

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

            
	 	 
	
              8.2

            	
              The
                Pledgee shall give the Notice of Default to the Pledgor when the
                Pledgee
                exercises the right of pledge.

            
	 	 
	
              8.3

            	
              Subject
                to Article 7.3, the Pledgee may exercise the right to foreclose on
                the
                Pledge at any time when the Pledgee gives the Notice of Default pursuant
                to Article 7.3

            
	 	 
	
              8.4

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

            
	 	 
	
              8.5

            	
              The
                Pledgor shall not hinder the Pledgee from foreclosing on the Pledge
                in
                accordance with this Agreement and shall give necessary assistance
                so that
                the Pledgee may effectively realize the value of the
                Pledge.

            

    

    

    
      
        Article
          9       Transfer
          or Assignment

      

    

    

    
      	
              9.1

            	
              The
                Pledgor shall not donate or transfer his rights or obligations herein
                without the prior written consent from the Pledgee.

            
	 	 
	
              9.2

            	
              This
                Agreement shall be binding upon and inure to the benefit of the successors
                of the Pledgor and be effective to the Pledgee and his each successor
                and
                assignee.

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    
      	
              9.3

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

            

    

     

    
      	
              9.4

            	
              Due
                to the Pledgee’s change resulting from the transfer or assignment, the new
                parties to the pledge shall re-execute a pledge
                contract.

            

    

    

    
      
        Article
          10       Termination

      

    

    

    
      	
              10.1

            	
              This
                Agreement shall not be terminated until the consulting and service
                fees
                under the Service Agreement are paid in full and ZYTX shall no longer
                undertake any obligations under the Service
                Agreement.

            

    

    

    
      
        Article
          11       Formalities
          Fees and Other Expenses

      

    

    

    
      	
              11.1

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

            
	 	 
	
              11.2

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

            

    

    

    
      
        Article
          12       Force
          Majeure

      

    

    

    
      	
              12.1

            	
              If
                the fulfillment of this Agreement is delayed or blocked due to the
                Force
                Majeure Event, the party affected by such a Force Majeure Event shall
                free
                from any obligation to the extent of delay or holdback. Force Majeure
                Event (“Event”) means any event which is out of control of each party, and
                which is unavoidable or insurmountable even the party affected by
                such
                event has paid reasonable attention to it. The Event shall include,
                but
                not limited to, government actions, nature disaster, fire, explosion,
                typhoons, floods, earthquakes, tide, lightning or war. However, any
                lack
                of credit, assets or financing shall not be deemed as Event. The
                party
                claiming the occurrence of Event shall provide the other party with
                the
                steps of fulfilling the obligations of this Agreement.

            
	 	 
	
              12.2

            	
              The
                Party affected by such an Event shall free from any obligation under
                this
                Agreement based on the conditions that the Party affected by such
                an Event
                have made reasonable endeavors to perform the Agreement and request
                the
                exemption from the other party. The both Parties agree to do their
                best to
                recover performance of this Agreement if the reason for exemption
                has been
                corrected or remedied.

            

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    
      
        Article
          13       Dispute
          Settlement

      

    

    

    
      	
              13.1

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

            
	 	 
	
              13.2

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

            

    

    

    
      
        Article
          14       Notices

      

    

    

    
      	
              14.1

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

            

    

     

    
      
        Article
          15       Appendix

      

    

    

    
      	
              15.1

            	
              The
                Appendix of this Agreement as attached hereto is the part of this
                Agreement.

            

    

    

    
      
        Article
          16       Effectiveness

      

    

    

    
      	
              16.1

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

            
	 	 
	
              16.2

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

            

    

    

    [THIS
      SPACE IS INTENTIONALLY LEFT BLANK]

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    This
      page
      is the signing page of this Equity Interest Pledge Agreement. 

    

    IN
      WITNESS WHEREOF,
      the
      undersigned have executed this Agreement as of the date first set forth above
      written.

     

    
 

    Party
      A: Zhi Bao Da Tong (Beijing) Technology Co., Ltd.

    Legal
      Representative: /s/ DeLu Gao

    

    

    Party
      B: Wang Zhenyu

    Signature:
      /s/ Wang Zhenyu

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    APPENDIX

    

    
      	
              1.

            	
              The
                register of the shareholders of ZYTX

            
	 	 
	
              2.

            	
              The
                Contribution Certificate of ZYTX

            
	 	 
	
              3.

            	
              The
                Exclusive Technical Consulting and Service
                Agreement.

            

    

     

    
      
        
        

      

      
        9

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