Document:

exhibit101kramerconsulti

                 INDEPENDENT CONSULTANT AGREEMENT               This  Agreement  (“Agreement”)  is  made  as  of  May  2,  2019  by  and  between  Midsouth  Bank  N.A.  (“MSB”),  having  its  principal  place  of  business  at  102  Versailles  Blvd,  Lafayette,  LA  70501,  and  D.  Michael  Kramer  (“Consultant”),  having  a  principal  place  of  business at [address on file with Human Resources].                                 W I T N E S S E T H         WHEREAS,  MidSouth  Bancorp,  Inc.  (“MidSouth”)  has  entered  into  that  certain  Agreement  and  Plan  of  Merger  (the  “Merger  Agreement”),  dated  as  of  April  30,  2019,  with  Hancock Whitney Corporation, a Mississippi corporation (“Hancock Whitney” and, unless the  context otherwise requires, the term “Hancock Whitney” shall include Hancock Whitney and its  wholly-owned subsidiary bank, Hancock Whitney Bank (“Hancock Whitney Bank”)); and         WHEREAS, MSB desires to retain the Consultant to provide consulting services to assist  executive management of MSB and MidSouth throughout the process of announcing, managing  and closing the proposed merger transaction contemplated by the Merger Agreement;               NOW, THEREFORE, in consideration of the promises and obligations contained  herein, as well as other good and valuable consideration, the receipt and sufficiency of which is  hereby  acknowledged,  MSB  and  Consultant  (collectively  referred  to  herein  as  the  “Parties”)  agree as follows:         1.    Engagement:  Subject to the terms and conditions of this Agreement, MSB hereby  engages the Consultant to provide such assistance, advice and consultation as requested by the  Boards of Directors of MSB and MidSouth to consult with and assist executive management of  MSB and MidSouth throughout the process of announcing, managing and closing its proposed  merger  transaction  and  to  provide  the  Boards  and  executive  management  with  advice  and  counsel  regarding  all  applicable  SEC  and  bank  regulatory  applications,  filings  and  other  documentation  as  well  as  finance  and  accounting  organizational  matters  (the  “Consulting  Services”). The Consultant hereby accepts such engagement.           2.    Scope of Engagement:  In performing the Consulting Services, Consultant shall  (i) at all times comply with the terms and conditions of this Agreement, all applicable policies  and procedures of MSB, MidSouth and any subsidiary and affiliate of MSB, and any reasonable  written  or  oral  instructions  that  may  be  provided  to  Consultant  by  MSB  in  connection  with  Consultant’s performance of Consulting Services under this Agreement, (ii) attend all merger- related  meetings,  discussions  and  planning  sessions,  and  (ii)  have  access  to  and  attend  all  meetings  of  executive  management  of  MSB  and  MidSouth,  and  all  management  committee  meetings  and  be  available  to  the  executive  management  of  MSB  and  MidSouth  and  their  respective  Board  for  consultation.   Nothing  contained  herein  shall  be  construed  to  limit  Consultant’s  ability  to  provide  services  to  any  other  person  or  entity  for  any  other  purpose  provided such services do not conflict with the services contemplated by this Agreement.  

 

      3.    Term:           3.1   Unless  earlier  terminated  pursuant  to  Section  3.2,  the  Consultant’s  engagement  under this Agreement shall be for the period commencing on the date first set forth above and  expiring on February 29, 2020 (the “Term”).         3.2.  The  Consultant’s  engagement  under  this  Agreement  shall  terminate  upon  the  occurrence of any of the following events:               (a)   The death or disability of the Consultant;                (b)   The  termination  of  the  Merger  Agreement  prior  to  the  closing  of  the        merger of Hancock Whitney and MidSouth pursuant to the terms thereof;                (c)   The termination of the Consultant’s engagement immediately with written        notice from MSB to the Consultant in the event MSB determines, in its sole discretion,        that Consultant has (i) compromised any Confidential Information, (ii) acted in a manner        which may jeopardize MSB’s or MidSouth’s relationship with its customers, vendors or        other independent consultants, (iii) violated any term or condition of this Agreement, (iv)        refused to perform in a timely and professional manner any services contemplated by this        Agreement, or (v) engaged in any conduct MSB considers to be grossly negligent, illegal,        immoral, unethical or unprofessional; or               (d)   by Consultant for any reason, with or without cause, by providing at least        ten (10) days’ advance written notice.         3.3   Upon  the  termination  of  the  engagement  of  the  Consultant  hereunder  by  Consultant for any reason or by MSB  for  any  reason described in Section 3.2, the Consultant  shall be entitled to all compensation earned or accrued under Section 7(a) as of his termination  date, but from and after such termination date no additional compensation shall be earned by or  payable to the Consultant hereunder.         4.    Independent  Contractor  Status:   In  the  performance  of  this  consulting  arrangement,  Consultant  will  be  acting  in  his  own  separate  capacity  and  not  as  an  agent,  employee,  partner,  joint  venturer  or  associate  of  MSB  or  MidSouth.   During  the  Term,  the  Consultant  shall  be  classified  as  an  independent  contractor  and  he  shall  be  wholly  and  exclusively responsible for and shall pay any and all taxes, fees and assessments (and all interest  and penalties thereon) of every kind and nature arising by reason of, or in connection with, his  performance hereunder.  Consultant will not be entitled to participate in or receive any benefits  or other rights under any employee benefit plan of MSB, MidSouth or any subsidiary or affiliate  of MSB as the result of this consulting arrangement.  The Consultant does not have, nor shall he  hold himself out as having, any right, power, or authority to create any contract or obligation,  either  express or implied, on behalf,  in  the  name  of,  or  binding  upon MSB, MidSouth or any  subsidiary or affiliate of MSB, unless MSB shall consent thereto in advance in writing.                                           2  38734805v3 

 

      5.    Warranties.  Consultant hereby warrants that he is not a party to any restrictive  covenant,  contract  or  other  agreement  limiting  or  otherwise  adversely  affecting  his  ability  to  provide the Consulting Services.         6.    Non-Delegation  of  Duties:   Consultant  acknowledges  that  this  Agreement  is  a  personal  contract and the rights, interests and obligations hereunder of Consultant may  not be  assigned, delegated or  subcontracted,  in whole or in  part,  without  the  prior written consent of  MSB, and any attempt to do so in contravention of this provision shall be deemed void and shall  serve as grounds for the immediate termination of this Agreement.           7.    Compensation:  MSB will provide the Consultant with the following consulting  fee and expense reimbursements during the Term:               (a)   Consulting Fee. The Consultant will be paid a consulting fee of $20,000        per calendar month in arears, payable no later than the last day of each month during the        Term.               (b)   Expenses.   MSB  agrees  to  reimburse  Consultant  for  all  reasonable  and        necessary  travel  related  expenses  actually  incurred  by  him  in  the  performance  of  the        Consulting  Services.   Travel  related  expenses  include,  but  are  not  limited  to,  lodging,        meals and transportation costs.  Travel to bank offices for specific project work will be        eligible  for  reimbursement.   Expense  will  be  reimbursed  on  the  same  basis  as  MSB        employees only with the submission of an expense report with accompanying receipts.         The Parties anticipate that Consultant shall be in Lafayette, Louisiana up to four (4) days        per  week  throughout  the  Term  and  shall  incur  expenses  consistent  with  that  level  of        travel.         8.    Confidential  Information:   Consultant  hereby  acknowledges  that  in  connection  with  the  performance  of  services  hereunder  they  may  acquire  and  become  acquainted  with  certain confidential  and  proprietary  information  relating to  and used in  MSB’s  or  MidSouth’s  business,  including,  without  limitation,  ideas,  concepts,  designs,  specifications,  prototypes,  procedures,  business  plans,  forecasts,  financial  information,  technical  data,  methods,  secrets,  client and customer (actual or prospective) lists and information, contact and other information  regarding  other  outside  consultants,  non-public  OCC  information  as  defined  in  12  C.F.R.  4.32(b), account lists, requirements, costs, sales, pricing and marketing information, and similar  information,  documents  and  records  (“Confidential  Information”).   Accordingly,  Consultant  hereby  agrees  that  all  Confidential  Information  is  and  shall  remain  the  sole  and  exclusive  property  of  MSB  or  MidSouth.   Consultant  agrees  not  to  use  such  Confidential  Information  except as authorized by MSB and further agrees to surrender to MSB all tangible Confidential  Information in his possession and control upon the termination of the Consulting Services and/or  this Agreement.  Consultant further agrees not to disclose, or cause any third party to disclose,  any Confidential  Information  to  any  person  not  a  party  to this  Agreement  without the  written  consent of MSB, except as necessary to comply with any regulatory and court ordered demand  from  either  an  empowered  regulatory  agency  or  a  court  of  competent  jurisdiction.  Consultant  represents  and  warrants  to  MSB  that  Consultant  is  aware  of,  and  agrees  to  abide  by,  the  prohibition on the dissemination of non-public OCC information contained in paragraph (b)(1) of  12 C.F.R. 4.37 and Consultant agrees not to use the non-public OCC information for any purpose                                         3  38734805v3 

 

other  than  in  connection  with  the  performance  of  the  Services  for  MSB.   MSB  and  the  Consultant agree that the work product created by Consultant hereunder shall belong to MSB and  be kept confidential between Consultant and members of the Boards of Directors of MSB and  MidSouth.  The Parties agree that this Section 8 shall survive the termination of this Agreement.         9.    Remedies  for  Breach:   Consultant  acknowledges  and  agrees  that  any  actual  or  threatened  breach  of  this  Agreement  will  cause  irreparable  harm  to  MSB  and  that  it  may  be  difficult to determine or adequately compensate MSB through monetary damages.  Accordingly,  Consultant agrees that MSB shall be entitled to obtain injunctive relief, temporary, preliminary  or  permanent,  against  such  breach  or  threatened  breach.   Consultant  further  agrees  that  MSB  shall also be entitled to all costs and attorneys’ fees incurred by it to enforce these provisions.   Consultant  acknowledges  that  nothing  contained  herein  shall  be  construed  to  prohibit  or  otherwise limit MSB from pursuing any other remedies which may be available, including the  recovery of damages from Consultant.         10.   Indemnification:           10.1  Consultant hereby agrees to indemnify and hold MSB harmless from any and all  claims,  liabilities,  damages  and  expenses  (including  reasonable  attorney’s  fees)  that  may  be  incurred by or asserted against MSB on account of or arising out of (i) any act or omission by  Consultant or anyone acting on his behalf, in conjunction with the performance of his services  hereunder,  (ii)  any  and  all  claims,  damages  or  defense  costs  arising  from,  or  involving  the  enforcement or defense of, any restrictive covenants or other agreements referred to in Section 1;  or (iii) any and all taxes, penalties, interest and attorneys’ fees assessed against or incurred by  MSB on account of any assessment or claim made against it for the payment of such taxes.         10.2  Except  as  provided  in Section  10.1,  MSB hereby  agrees  to  indemnify  and  hold  Consultant  harmless  from  any  and  all  claims,  liabilities,  damages  and  expenses  (including  reasonable attorney’s fees) that may be incurred by or asserted against Consultant on account of  or arising out of any act or omission by MSB or anyone acting on its behalf in connection with  this Agreement.         11.   Return  of  Confidential  Information  and  Property:   Upon  termination  of  this  Agreement,  Consultant  agrees  to  immediately  return  to  MSB  any  and  all  reports,  files,  memoranda, records, designs, budgets, programs, strategic plans and other documents, as well as  any  other  physical,  intellectual  or  personal  property  of  any  nature  that  he  received,  prepared,  helped  prepare  or  directed  preparation  of,  in  connection  with  his  consulting  with  MSB.   Consultant  agrees  not  to  retain  any  copies,  duplicates,  reproductions  or  excerpts  of  any  such  property or information without the approval of MSB.         12.   Regulatory Approval. Notwithstanding any other provision of this Agreement, the  Consultant’s right to receive any payments under Section 7 of this Agreement is contingent upon  and subject to any restrictions imposed upon MSB or its affiliates by law or any approval from  regulatory bodies with authority over MSB or its affiliates, if required.                                          4  38734805v3 

 

      13.   Successor-in-Interest:  This Agreement shall be binding upon, and shall inure to  the benefit of, the heirs, executors, administrators, agents and successors-in-interest to each of  the Parties.         14.   Severability:  The Parties agree that each and every paragraph, sentence, clause,  term  and  provision  of  this  Agreement  is  separate,  distinct  and  severable  from  the  other  provisions  of  this  Agreement  and  that  the  invalidity  or  unenforceability  of  any  Agreement  provision shall not affect the validity or enforceability of any other provision of this Agreement.   Further,  if  any  provision  of  this  Agreement  is  ruled  invalid  or  unenforceable  by  a  court  of  competent jurisdiction the remaining portions thereof shall remain in effect and be enforced to  the fullest extent permitted by law.         15.   Non-Waiver,  Modification  or  Amendment:   Except  as  specifically  provided  herein, no waiver, alteration or modification of any provision of this Agreement shall be valid  and binding unless in writing and signed by both Parties.  Furthermore, either Party’s failure to  exercise  any  right  under  this  Agreement  shall  not  operate  nor  be  construed  as  a  waiver  or  abandonment of any subsequent exercise of that or any other right.         16.   Notices.  All notices or other communications required or permitted to be given or  made  hereunder  shall  be  in  writing  and  delivered  personally  or  sent  by  facsimile  or  e-mail  transmission and by mailing a copy thereof to the recipient on the date of such facsimile or e- mail to the intended recipient thereof in accordance with the information set forth below.  Either  Party  may  change  the  information  set  forth  below  by  giving  notice  thereof  to  the  other  Party  hereto in the manner provided herein.          (i)   If to MSB:               MidSouth Bank, N.A.              102 Versailles Blvd              Lafayette, LA 70501         (ii)  If to the Consultant,                D. Michael Kramer              [Address on file with Human Resources]         17.   Miscellaneous:  This  Agreement  may  be  executed in  one  or  more  counterparts,  each of which shall be deemed to be an original, and all of such together shall constitute one and  the  same  instrument.   The  section  headings  contained  in  this  Agreement  are  for  reference  purposes only and shall not affect in any way the meaning or interpretation of this Agreement.   This  Agreement  shall  be  deemed  to  have  been  jointly  drafted  by  the  Parties  and  shall  not  be  construed  against  either  Party.   Capitalized  terms  not  otherwise  defined  herein  shall  have  the  meanings assigned to them in the Merger Agreement.         18.   Governing Law:  This Agreement shall be interpreted in accordance with and be  governed exclusively by the laws of the State of Louisiana.                                          5  38734805v3 

 

      19.   Entire Agreement:  This Agreement constitutes the full and complete agreement  between the Parties with regard to the subject matter addressed herein and shall supersede any  and all previous agreements and/or commitments, whether oral or written, between the Parties.   The  Parties  further  agree  that  no  verbal  or  other  statements,  discussions  or  impressions,  other  than  those  provisions  contained  in  this  Agreement,  have  been  relied  upon  by  either  Party  in  executing this Agreement.                                [Signature page follows]                                          6  38734805v3 

 

      IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first set forth  above.                                       MIDSOUTH BANK, N.A.                                       By:   /s/ Jake Delhomme                                       Name:  /s/ Jake Delhomme                                       Title:    Chairman of the Board                                       CONSULTANT                                       By:   /s/ D. Michael Kramer                                            D. Michael KramerEquity
Transfer Agreement

 

The
Equity Transfer Agreement (the “Agreement”) is entered into on Dec.30, 2018 between the following parties
hereto:

 

(1)
Sheng Ying Xin (Beijing) Management Consulting Co., Ltd.: a limited liability company incorporated and surviving validly
in accordance with laws of The People’s Republic of China (“China”);

 

Add:
Suite 13-14, Room 1-1-1501 No.1 East Third Ring Middle Road, Chaoyang District, Beijing

 

Legal
Representative: Lin Jianxin

 

(Hereinafter
referred to as the “Seller”)

 

(2)
Lin Jianxin: male, resident of the People’s Republic of China, ID Card No.: 350581198308041514, with full capacity
for civil conduct,

 

(Hereinafter
referred to as the “Buyer”)

 

(The
Buyer or the Seller is known as “either party” separately and are known as “both parties” collectively).

 

Whereas:

 

1.
Beijing Anytrust Science & Technology Co., Ltd., business registration No.: 110108017352664 (hereinafter referred to
as the “Target Company”) is a limited liability company incorporated and exists validly in accordance with
Laws of China with a registered capital of RMB 7.5 Million Yuan; as of the signing date of this agreement,
the Seller holds 100% equity  interest of the Target Company, equaling to paid-in capital of RMB 7.5
Million Yuan;

 

2.
The Buyer intends to purchase and acquire the equity  interest of the Target Company from the Seller, and the Seller
intends to sell and transfer the equity  interest of the Target Company to the Buyer pursuant to terms and conditions
agreed hereof.

 

In
this connection, in accordance with the Contract Law of the People’s Republic of China, Company Law of the People’s
Republic of China and other laws, regulations and provisions concerned, both parties enter into this contract upon consensus
through consultation based on principles of equality, willingness, justice and integrity.

 

Article
1 Equity transfer

 

1.1
Both parties agree that the Seller sells and transfers the 100% equity of the Target Company (“target equity”)
to the Buyer and the Buyer purchases and acquires the 100% equity of the Target Company from the Seller (“equity
transfer”) pursuant to terms and conditions agreed hereof, equaling to RMB 7.5 Million Yuan paid-in registered capital
of the Target Company.

 

Article
2 Pricing and payment

 

2.1
The  price for the equity transfer (“transfer price”) is based on the approved book value of the Target
Company as of Dec.30, 2018;

 

    	 	 	 

     

    

 

2.2
Based on the confirmation for book value of the Target Company as of Dec.30, 2018, the amount of net assets is negative (see the
Balance Sheet). Upon agreement of both parties through consultation, the transfer price should be RMB 0.00 Yuan, in words:
RMB Zero Yuan Only; besides, the Buyer agrees to take over assets and liabilities of the Seller (see the list for more
details).

 

2.3
Since the Target Company is insolvent, and both the Buyer and the Seller agree the equity transfer price should be RMB 0 Yuan,
no capital payment is involved in this equity transfer. The payment will be deemed as being finished from the signing date of
this agreement.

 

2.4
Party A agrees that Party A and its affiliated companies shall waive their creditors’ rights to Party B as
of Dec.30, 2018. Specific information is as the below:

 

Sheng
Ying Xin (Beijing) Management Consulting Co., Ltd. RMB 20,532,400 Yuan

 

Article
3 Settlement Arrangement

 

3.1
The Seller shall jointly handle business change registration procedures of title transfer for the 100% equity of the Target with
the Buyer after the Equity Transfer Agreement is signed;

 

3.2
The shareholder’s meeting shall be convened on Dec.30, 2018 for restructuring and minutes shall be issued;

 

3.3
Bank accounts, e-banking (USB Key) or password manager and all other documents and articles regarding bank account, as well as
licenses, financial statements, accounting book and vouchers, and other documents and articles required by business operation
shall be safeguarded by designated personnel of the Buyer from the signing date of the Equity Transfer Agreement on Dec.30,
2018, and the Seller shall offer necessary cooperation. After handover of documents, materials and articles, both parties
shall sign corresponding handover list.

 

Article
4 Arrangement of transition period

 

4.1
The profits and losses of the Target Company arising from target equity transfer from the signing date of equity transfer agreement
to the target equity settlement date (“period profits and losses”) shall be undertaken or shared by the Buyer. Both
parties will not further adjust transfer price due to profits and losses of the Target Company during aforesaid period.

 

Article
5 Statement, guarantee and commitment

 

5.1
One party shall make the following statements and guarantees to the other party:

 

(1)
The party shall be a legal entity incorporated and existing validly in accordance with Laws of China, or resident
with complete capacity for civil conduct, and capable to undertake civil liabilities independently.

 

(2)
The party owns legal rights, license and authority to sign and perform this agreement, and this agreement becomes effective and
binding upon the party after taking effect.

 

    	 	 	 

     

    

 

5.2
The Seller shall make the following statements and guarantees to the Buyer:

 

(1)
The Target Company is a limited liability company incorporated and surviving validly in accordance with relevant laws and regulations,
and owning adequate power, authorization and legal rights.

 

(2)
As of the signing date of this agreement, the registered capital of the Target Company is RMB 7.5 Million Yuan and
fully paid in. There is no behavior such as false contribution and untrue contribution that the shareholder shall undertake obligations
and responsibilities.

 

(3)
The Seller owns legal, valid and complete right of disposal for equity of the target equity, and is not involved in sealing, detention,
freezing or holding, or any transfer restriction.

 

5.3
The Buyer shall make the following statements and guarantees to the Seller:

 

(1)
The Buyer shall pay transfer price of the target equity to the Seller pursuant to terms and conditions hereof;

 

(2)
The transfer price paid by the Buyer to the Seller shall be legally owned or self-raising fund;

 

5.4
Both parties promise that any statement and guarantee made hereof shall be authentic, accurate and complete from the signing date
to the settlement date.

 

Article
6 Non-disclosure

 

6.1
Either party shall keep the confidential information secret. Unless clearly required by relevant laws, regulations, judiciary
organs or supervisory organs or both parties agreed otherwise, neither party shall disclose the confidential information of the
other party to any other entity or individuals in any way without early written agreement.

 

6.2
For the purpose of aforesaid transaction, either party has the right to:

 

(1)
Disclose confidential information to its directors or employees, or directors, partners or employees of its related parties or
consultants;

 

(2)
Disclose confidential information to consultant who needs to know the information so as to issue professional opinions on the
matters in this agreement based on its reasonable judgment.

 

6.3
Either party shall make sure its related parties, consultant and other people who acquired confidential information as agreed
hereof would not disclose those information.

 

6.4
The “confidential information” refers to:

 

(1)
Other information with regard to business secrets or belonging to secrets, including any commercial information recorded or stored
in any form (including but not limited to computer disk or CD or record or tape);

 

(2)
Information in regard with business, property, finance or other matters of the Target Company or any other party;

 

(3)
Information with regard to this agreement, other transaction clauses and target equity involved in this transaction;

 

(4)
Information regarding to existence and purpose of this agreement;

 

    	 	 	 

     

    

 

(5)
Information regarding negotiation for conclusion of this agreement and other trading documents, including information with regard
to negotiation or communication between both parties after this agreement is signed;

 

However,
the following information shall not be deemed as confidential information agreed in hereto: (i) The information is or has become
the information generally acquired by the public (unless disclosed by either party by violating this agreement); (ii) either party
or its representative has acquired the information on non-confidential basis before the information is disclosed by the disclosing
party; or (iii) either party or its representative acquired such information on non-confidential basis and the party is not restricted
by the non-disclosure agreement of the disclosing party as far as it knows, or the person is not forbidden to transfer such information
to that party or its representative.

 

Article
7 Liabilities for breach

 

7.1
Unless otherwise agreed in this agreement, either party which violated any clause agreed in this agreement shall compensate full
losses and expenses (including but not limited to direct losses, legal fee, arbitration expense, litigation fee, evaluation fee,
expert consulting fee, investigation fee and announcement fee) caused to the observing party due to the breach.

 

Article
8 Contract execution, change and termination

 

8.1
This agreement takes effect upon signature (or seals) of both parties or their authorized representatives.

 

8.2
This agreement may be terminated upon agreement of both parties.

 

8.3
This agreement may be changed in writing upon consensus of both parties after consultation. Where the equity transfer plan (including
but not limited to transfer price) shall be adjusted due to causes of the Seller’s Board of Directors and Board of Shareholders,
both parties shall consult separately and sign supplementary agreement for adjustment.

 

Article
9 Force majeure

 

9.1
For the purpose of this agreement, force majeure events refer to the following circumstances: unpredictable, inevitable and insurmountable
objective circumstances, including but not limited to events caused by earthquake, volcanic eruption, thunder, natural fire, flood,
tsunami, typhoon, explosion, terrorist attack, war, strike, riot and epidemic disease.

 

9.2
Where certain force majeure event incurred leading to failure of the agreement purpose, both parties may terminate this agreement
through friendly consultation. Unless otherwise agreed in this agreement, neither party needs to undertake any liability.

 

    	 	 	 

     

    

 

Article
10 Notification

 

10.1
This agreement and all notices with regard to this agreement shall be made in Chinese, and sent to the following address by express
or registered mail:

 

10.2
(1) To the Seller: Sheng Ying Xin (Beijing) Management Consulting Co., Ltd.

 

Add:
Suite 13-14, Room 1-1-1501 No.1 East Third Ring Middle Road, Chaoyang District, Beijing

 

TEL:

Recipient:

(2)
To the Buyer: Lin Jianxin

Add:

TEL:

Recipient:

 

10.3
The notice shall be delivered at the following time:

 

(1)
The notice sent by express shall be deemed as being delivered when it is signed by the recipient; if it is rejected, the notice
shall be delivered on the second day after the express is released; and

 

(2)
The notice sent by paid registered mail shall be deemed as being delivered on the seventh (7th) day after mailing.

 

Article
11 Dispute resolution

 

11.1
This agreement and behaviors in this transaction are governed by laws of China (excluding Hong Kong, Macao and Taiwan for the
purpose of this agreement).

 

11.2
Any disputes arising from or regarding this agreement between both parties shall be solved firstly through consultation; if consultation
fails, either party has the right to file a lawsuit to the governing people’s court where the plaintiff locates.

 

Article
12 Supplementary provisions

 

12.1
The taxes and fees incurred by both parties by performing this agreement shall be undertaken by each party according to laws and
regulations.

 

12.2
Both parties agree to, before and after settlement date, adopt all necessary actions, including signing, delivering and implementing
all necessary documents, actions or other matters regulated by laws or conforming to reasonable requirements of other parties
so as to finish the transaction under this agreement.

 

12.3
In accordance with relevant requirements of Administration for Industry and Commerce, both the Buyer and the Seller may separately
sign equity transfer contract and other documents conforming to format of the administration (“industrial and commercial
registration documents”) to handle equity transfer under this agreement. The clauses and contents of aforesaid industrial
and commercial registration document shall reflect principles and contents agreed in this agreement. In case of inconsistence
between any regulation of the industrial and commercial registration document and this agreement, the latter will prevail.

 

12.4.
The original of this agreement is made in quadruplicate (4 copies), and each party holds two (2) copies with equal legal validity.

 

    	 	 	 

     

    

 

(The
following of the page is left blank intentionally for signature of the Equity Transfer Agreement)

 

Seller:
Sheng Ying Xin (Beijing) Management Consulting Co., Ltd.

 

(Seal):

 

Date:
Nov.30, 2018

 

Buyer:
Lin Jianxin

 

	(Signature):
    		 

 

Date:
Dec.30, 2018

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