Document:

EX-10.5

 Exhibit 10.5 

EQUITY INTEREST PLEDGE AGREEMENT 
 This
Equity Interest Pledge Agreement (this “Agreement”) has been executed by and among the following parties on May 8, 2020, in Shanghai, the People’s Republic of China (“China” or the “PRC”):

 Party A: Shanghai Soul Technology Co., Ltd. (the “Pledgee”), a wholly foreign-owned enterprise organized and existing under the
PRC laws, with its registered address at: ********* 
 Party B: The following parties shall be collectively referred to as the “Pledgers”

 Party B 1: Lu Zhang, a Chinese Citizen, ID Card No.: *********; 

Party B 2: Zhuanlian Technology (Shenzhen) Co., Ltd., a limited liability company organized and existing under the PRC laws, with its
registered address at: *********; 
 Party B 3: Beijing Mingjun Investment Management Co., Ltd., a limited liability company organized
and existing under the PRC laws, with its registered address at: *********; 
 Party B 4: Shanghai Jianming Enterprise Management Co.,
Ltd., a limited liability company organized and existing under the PRC laws, with its registered address at: *********; 
 Party B 5:
Shanghai Moliang Chuangye Investment Center (Limited Partnership), a limited partnership organized and existing under the PRC laws, with its registered address at: *********; and 

Party C: Shanghai Soulgate Technology Co., Ltd., a limited liability company established and existing under the PRC laws, with its registered
address at: ********* 
 In this Agreement, the Pledgee, Pledgers, and Party C shall be referred to as a “Party” respectively and the
“Parties” collectively. 
 Whereas: 
  

	1.	 As of the execution date of this Agreement, Pledgers collectively hold 100% of Party C’s equity interest.

  

	2.	 Party C is a limited liability company registered in China. Party C hereby acknowledges the respective rights
and obligations of Pledgers and Pledgee under this Agreement and intends to provide all necessary assistance in registering the Pledge. 

  

	3.	 Pledgee is a wholly foreign-owned enterprise registered in China. 

  
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	4.	 To ensure that Party C and Pledgers will fully perform their obligations under the Transaction Documents (as
defined under), Pledgers hereby pledge to the Pledgee all of the equity interest they hold in Party C as security for Party C’s and Pledgers’ performance of the Transaction Documents. 

THEREFORE, the Parties have mutually agreed to execute this Agreement upon the following terms. 

 

	1.	 Definitions 

Unless otherwise provided herein, the terms below shall have the following meanings: 

 

	 	1.1.	 Pledge: shall refer to the security interest granted by Pledgers to Pledgee under Section 2 of this
Agreement, i.e., the right of Pledgee to be compensated on a preferential basis with the conversion, auction, or sales price of the Equity Interest. 

  

	 	1.2.	 Pledged Equity Interest: shall refer to all of the equity interest lawfully now held and hereafter acquired by
Pledgers in Party C. 

  

	 	1.3.	 Term of Pledge: shall refer to the term outlined in Section 3 of this Agreement. 

 

	 	1.4.	 Transaction Documents: shall refer to the Exclusive Business Cooperation Agreement executed by and between
Party C and Pledgee on May 8, 2020 (the “Business Cooperation Agreement”), the Exclusive Call Option Agreement executed by and among Pledgers, Party C, and Pledgee on May 8, 2020 (the “Exclusive Call Option
Agreement”), Powers of Attorney executed by Pledgers on May 8, 2020 (the “Powers of Attorney”) and any modification, amendment and/or restatement to the aforementioned documents. For Party B 1, the Transaction
Documents shall also include the Loan Agreement (the “Loan Agreement”) executed by and between Party B 1 and Pledgee on May 8, 2020. 

  

	 	1.5.	 Contract Obligations: shall refer to all the obligations of Pledgers under the Exclusive Call Option Agreement,
the Powers of Attorney and this Agreement; all the obligations of Party C under the Business Cooperation Agreement, the Exclusive Call Option Agreement, and this Agreement; with respect to Party B 1, shall also include all the obligations of Party B
1 under the Loan Agreement. 

  

	 	1.6.	 Secured Indebtedness: shall refer to all the direct, indirect and derivative losses and losses of anticipated
profits, suffered by Pledgee, incurred as a result of any Event of Default of Pledgers and/or Party C or invalidity, cancellation, or rescission of any Transaction Document. The number of such losses shall be calculated in accordance with the
reasonable business plan and profit forecast of Pledgee, the service fees payable by Party C under the Business Cooperation Agreement, all expenses incurred by Pledgee in connection with the enforcement of Pledgers’ and/or Party C’s
Contract Obligations hereunder. 

  
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	 	1.7.	 Event of Default: shall refer to any of the circumstances set forth in Section 7 of this Agreement.

  

	 	1.8.	 Notice of Default: shall refer to the notice issued by Pledgee in accordance with this Agreement declaring an
Event of Default. 

  

	2.	 Pledge Rights 

 

	 	2.1.	 Pledgers hereby agree to pledge to Pledgee the Pledged Equity Interest which they lawfully own and are entitled
to dispose of under this provisions of this Agreement as security for payment of the Secured Indebtedness. Party C hereby agrees with Pledgers to pledge the Pledged Equity Interest to the Pledgee pursuant to this Agreement. 

 

	 	2.2.	 Pledged subject matter and the specific equity interest amount: The Pledged subject matter shall be all of the
equity interest in Party C held by Pledgers, the corresponding registered capital shall be RMB10,000,000. 

  

	 	2.3.	 The effectiveness of the guarantees hereunder shall not be in any way affected by any amendment or change to
the Transaction Documents. The guarantees hereunder shall remain in full force and effect for the obligations of Pledgers and Party C under the Transaction Documents as amended. In the event that any Transaction Document becomes invalid, cancelled,
or rescinded due to any reason, then: Pledgee shall have the right to promptly exercise the Pledge in accordance with Section 8 of this Agreement. 

  

	 	2.4.	 During the Term of Pledge, Pledgee is entitled to receive dividends distributed on the Pledged Equity Interest.
Without the prior written consent of Pledgee, Pledgers shall not receive dividends distributed on the Pledged Equity Interest. Dividends received by Pledgers on Pledged Equity Interest shall be, as required by Pledgee, (1) deposited into an
account designated and supervised by Pledgee and used to pay the Secured Indebtedness prior and in preference to making any other payment; or (2) unconditionally donated to Pledgee or any other person designated by Pledgee at its discretion to
the extent permitted under applicable PRC laws. 

  

	 	2.5.	 Pledgers may subscribe for a capital increase in Party C with the prior written consent of Pledgee. Any equity
interest obtained by Pledgers as a result of Pledgers’ subscription of the increased registered capital of Party C shall also be deemed as Pledged Equity Interest. 

 

	 	2.6.	 In the event that Party C is required by PRC laws to be liquidated or dissolved, any interest distributed to
Pledgers upon Party C’s dissolution or liquidation shall, upon the request of the Pledgee, be (1) deposited into an account designated and supervised by Pledgee and used to pay the Secured Indebtedness prior and in preference to making any
other payment; or (2) donated or transferred at the lowest price permitted by law to Pledgee or any other person designated by Pledgee at its discretion to the extent permitted under applicable PRC laws. 

  
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	3.	 Term of Pledge 

 

	 	3.1.	 The Pledge shall become effective on such date when the pledge of the Pledged Equity Interest contemplated
herein is registered with relevant administration for industry and commerce. The Pledge shall remain effective until all Contract Obligations and all Secured Indebtedness have been fulfilled. Pledgers and Party C shall (1) register the Pledge
in the shareholders’ register of Party C within three (3) business days following the execution of this Agreement, and (2) promptly submit to the relevant administration for industry and commerce for the registration of the Pledge of
the Pledged Equity Interest contemplated herein following the execution of this Agreement. Pledgers and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant
administration for industry and commerce, to ensure that the Pledge of the Pledged Equity Interest shall be registered with the relevant administration for industry and commerce within thirty (30) days following the execution of this Agreement,
and provide Pledgee with documents evidencing the completion of such registration. 

  

	 	3.2.	 During the Term of Pledge, in the event Pledgers and/or Party C fails to perform the Contract Obligations,
Pledgee shall have the right, but not the obligation, to exercise the Pledge in accordance with the provisions of this Agreement. 

  

	4.	 Custody of Records for the Pledge 

 

	 	4.1.	 During the Term of Pledge set forth in this Agreement, Pledgers shall deliver to Pledgee’s custody the
capital contribution certificate for the equity interest they hold in Party C and the shareholders’ register containing the Pledge. Pledgers shall deliver to Pledgee the aforementioned capital contribution certificate and the shareholders’
register within one week from the execution of this Agreement. Pledgee shall have the right to keep custody of such original documents during the entire Term of Pledge set forth in this Agreement. 

 

	5.	 Representations and Warranties of the Pledgers and Party C 

As of the execution date of this Agreement, Pledgers and Party C hereby jointly and severally represent and warrant to Pledgee that: 

 

	 	5.1.	 Pledgers are the sole legal and beneficial owners of the Pledged Equity Interest. No third party shall have any
right to assert any rights or interference with the Pledged Equity Interest. 

  

	 	5.2.	 Pledgee shall have the right to dispose of and transfer the Pledged Equity Interest in accordance with the
provisions outlined in this Agreement. 

  

	 	5.3.	 Except for the Pledge, Pledgers have not placed any security interest or other encumbrance on the Pledged
Equity Interest. 

  
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	 	5.4.	 Pledgers and Party C have obtained any and all consents and approvals from all relevant third parties and
government departments (if necessary) for the execution, delivery, and performance of this Agreement. 

  

	 	5.5.	 There shall be no pending litigation, administrative penalty, or arbitration in connection with the Pledged
Equity Interest, and no litigation, administrative penalty, or arbitration that may occur. 

  

	 	5.6.	 There shall be no outstanding taxes, fees, or legal procedures and formalities payable with respect to the
Pledged Equity Interest that is required to be completed. 

  

	 	5.7.	 The execution, delivery, and performance of this Agreement will not: (i) violate any relevant PRC laws;
(ii) conflict with Party C’s articles of association or other constitutional documents; (iii) result in any breach of, or constitute any default under any contract or instrument to which it is a party or by which it is otherwise
bound; (iv) result in any violation of any condition for the grant and/or maintenance of any permit or approval granted to any Party; or (v) result in any permit or approval granted to any Party to be suspended, cancelled or attached with
additional conditions. 

  

	 	5.8.	 Pledgers have disclosed to Party A all circumstances which may have an adverse effect on the performance of the
Transaction Documents. 

  

	6.	 Pledgers and Party C’s Covenants 

 

	 	6.1.	 During the term of this Agreement, Pledgers and Party C hereby jointly and severally covenant to the Pledgee:

  

	 	6.1.1.	 Pledgers shall not transfer the Pledged Equity Interest, place or permit the existence of any security interest
or other encumbrance on the Pledged Equity Interest, without the prior written consent of Pledgee, except for the performance of the Transaction Documents; Party C shall not consent to or assist the foregoing; 

 

	 	6.1.2.	 Pledgers and Party C shall comply with the provisions of all laws and regulations applicable to the pledge of
rights, and within five (5) days of receipt of any notice, order, or recommendation issued or prepared by relevant competent authorities regarding the Pledge, shall present the aforementioned notice, order or recommendation to Pledgee, and
shall comply with the aforementioned notice, order or recommendation or submit objections and representations with respect to the aforementioned matters upon Pledgee’s reasonable request or upon the consent of Pledgee; 

 

	 	6.1.3.	 Pledgers and Party C shall promptly notify Pledgee of any event or notice received by Pledgers that may have an
impact on the Pledged Equity Interest or any portion thereof, as well as any event or notice received by Pledgers that may have an impact on any guarantees and other obligations of Pledgers arising out of this Agreement. 

  
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	 	6.1.4.	 Party C shall complete the registration procedures for extension of the term of operation within three
(3) months prior to the expiration of such term to maintain the validity of this Agreement. 

  

	 	6.2.	 Pledgers agree that the rights acquired by Pledgee in accordance with this Agreement with respect to the Pledge
shall not be interrupted or harmed by Pledgers or any heirs or representatives of Pledgers or any other persons through any legal proceedings. 

  

	 	6.3.	 Pledgers and Party C shall strictly abide by the provisions of this Agreement and other relevant contracts
jointly or separately executed by the Parties, including the Transaction Documents, perform the obligations hereunder and thereunder, and refrain from any action/omission that may affect the effectiveness and enforceability thereof. Except pursuant
to the written instructions of Pledgee, any remaining rights of Pledgers with respect to the Pledged Equity Interest hereunder shall not be exercised by Pledgers. 

 

	 	6.4.	 To protect or perfect the security interest granted by this Agreement for the Contract Obligations, Pledgers
hereby undertakes to execute in good faith and to cause other parties who have an interest in the Pledge to execute all certificates, and/or agreements required by Pledgee. Pledgers also undertake to perform and to cause other parties who have an
interest in the Pledge to perform actions required by Pledgee, to facilitate the exercise by Pledgee of its rights and authority granted thereto by this Agreement, and to enter into all relevant documents regarding the ownership of Pledged Equity
Interest with Pledgee or designee(s) of Pledgee (natural persons/legal persons). Pledgers undertake to provide Pledgee within a reasonable time with all notices, orders, and decisions regarding the Pledge that are required by Pledgee.

  

	 	6.5.	 Pledgers and Party C hereby covenant to the Pledgee that they will comply with and perform all guarantees,
promises, agreements, representations, and conditions under this Agreement. In the event of failure or partial performance of its guarantees, promises, agreements, representations, and conditions, Pledgers and/or Party C shall constitute a breach of
this Agreement and shall indemnify Pledgee for all losses resulting therefrom. 

  

	7.	 Events of Default 

 

	 	7.1.	 The following circumstances shall be deemed Events of Default: 

 

	 	7.1.1.	 Pledger’s failure or partial performance of its obligations under the Transaction Documents and/or this
Agreement or any breach of Contract Obligations; 

  
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	 	7.1.2.	 Party C’s failure or partial performance of its obligations under the Transaction Documents and/or this
Agreement or any breach of Contract Obligations; 

  

	 	7.1.3.	 Any representations, guarantees, and promises made by Pledgers or Party C under the Transaction Documents
and/or this Agreement are untrue or materially misleading; or Pledgers or Party C’s breach of any representations, guarantees, and promises made by them under the Transaction Documents and/or this Agreement. 

 

	 	7.2.	 Upon notice or discovery of the occurrence of any circumstances or any event that may lead to the
aforementioned circumstances described in Section 7.1, Pledgers and Party C shall promptly notify Pledgee in writing accordingly. 

  

	 	7.3.	 Unless an Event of Default set forth in this Section 7.1 has been successfully resolved to Pledgee’s
satisfaction within twenty (20) days after the Pledgee and/or Party C delivers a notice to the Pledgers requesting ratification of such Event of Default, Pledgee may issue a Notice of Default to Pledgers in writing at any time thereafter,
demanding the Pledgers to exercise the pledge rights under Section 8 hereof. 

  

	8.	 Exercise of Pledge 

 

	 	8.1.	 Pledgee may issue a written Notice of Default to Pledgers when exercising the Pledge. 

 

	 	8.2.	 Subject to the provisions of Section 7.3, Pledgee may exercise the right to enforce the Pledge at any time
after the issuance of the Notice of Default in accordance with Section 8.1; 

  

	 	8.3.	 After Pledgee issues a Notice of Default to Pledgee under Section 8.1, Pledgee may exercise any remedy
measure under applicable PRC laws, the Transaction Documents, and this Agreement, including (but not limited to) auctions or sale of the Pledged Equity Interest for priority. The Pledgee shall not be liable for any loss incurred by its duly exercise
of such rights and powers. 

  

	 	8.4.	 The proceeds from the exercise of the Pledge by Pledgee shall be used to pay for tax and expenses incurred as a
result of disposing of the Pledged Equity Interest and pay the Secured Indebtedness to Pledgee prior and in preference to any other payment. After the payment of the aforementioned amounts, the remaining balance may be returned to Pledgers or any
other person who has rights to such balance under applicable laws or be submitted to the local notary public office where Pledgers reside (with all expenses incurred in relation thereto shall be borne by Pledgee). To the extent permitted under PRC
laws, Pledgers shall donate the aforementioned proceeds to Pledgee or any other person designated by Pledgee at its sole discretion. 

  
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	 	8.5.	 Pledgee may exercise any remedy measure available simultaneously or in any order. Pledgee may exercise the
rights to auctions or sale-offs of the Pledged Equity Interest contemplated under this Agreement, without exercising any other remedy measure first. 

  

	 	8.6.	 Pledgee is entitled to designate an attorney or other representatives to exercise the Pledge on its behalf, and
Pledgers or Party C shall not raise any objection to such exercise. 

  

	 	8.7.	 When Pledgee disposes of the Pledge in accordance with this Agreement, Pledgers and Party C shall provide
necessary assistance to enable Pledgee to exercise the pledge rights in accordance with this Agreement. 

 9. Default Liabilities

 The Parties agree and acknowledge that breach of any provisions hereof or failure or delay of performance of any obligations hereunder
on the part of any Party (the “Defaulting Party”) shall constitute a default hereunder (the “Default”), and the Non-defaulting Party shall have the right to request the Defaulting Party to rectify the Default or
take remedial measures during a reasonable period. If the Defaulting Party fails to rectify or remedy such Default within the reasonable period or 10 days of Non-defaulting Party’s written notice requesting for such rectification or remedy, the
Non-defaulting Party has the right to decide at its sole discretion: 
  

	 	9.1.	 If Pledgers or Party C is the Defaulting Party, Pledgee shall have the right to terminate this Agreement and
require the Defaulting Party to indemnify its losses and damages; this Section 9 shall not prejudice any other rights of Pledgee herein; 

  

	 	9.2.	 If Pledgee is the Defaulting Party, the Non-defaulting Party has the right to request the Defaulting Party to
indemnify its losses and damages, but the Non-defaulting Party shall not have any right to terminate this Agreement in any event unless otherwise required by applicable law. 

 

	10.	 Assignment 

  

	 	10.1.	 Without Pledgee’s prior written consent, Pledgers shall not have the right to donate or assign its rights
and obligations under this Agreement. 

  

	 	10.2.	 This Agreement shall be binding on Pledgers and its successors and assigns, and shall be valid with respect to
Pledgee and each of its successors and assigns. 

  

	 	10.3.	 At any time, Pledgee may assign any and all of its rights and obligations under the Transaction Documents to
its designee (s), in which case the assigns shall have the rights and obligations of Pledgee under this Agreement as if it were the original party to this Agreement. When the Pledgee assigns the rights and obligations under the Business Cooperation
Agreement, upon Pledgee’s request, Pledgers and/or Party C shall execute relevant agreements or other documents relating to such assignment. 

  
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	 	10.4.	 In the event of a change of Pledgee due to an assignment, Pledgers and Party C shall, at the request of
Pledgee, execute a new pledge agreement with the new pledgee on the same terms and conditions as this Agreement, and register the same with the relevant administration for industry and commerce. 

 

	11.	 Termination 

  

	 	11.1.	 The Parties acknowledge that notwithstanding the pledge of the Pledged Equity Interest hereunder shall be
effective only after being registered by the relevant administration for industry and commerce, this Agreement shall become effective upon the execution of this Agreement by all Parties. 

 

	 	11.2.	 Upon the fulfillment of all Contract Obligations and the full payment of all Secured Indebtedness by Pledgers
and Party C, Pledgee shall release the Pledge under this Agreement upon Pledgers’ request as soon as reasonably practicable and shall assist Pledgers to de-register the Pledge from the shareholders’
register of Party C and with relevant administration for industry and commerce. 

  

	 	11.3.	 The provisions under Sections 9, 13, 14, and this Section 11.3 shall survive the termination of this
Agreement. 

  

	12.	 Handling Fees and Other Expenses 

All fees and actual expenses relating to this Agreement, including but not limited to legal costs, costs of production, stamp tax, and any
other taxes and fees, shall be borne by Party C. 
  

	13.	 Confidentiality 

The Parties acknowledge that the existence and the terms of this Agreement and any oral or written information exchanged between the Parties in
connection with the preparation and performance of this Agreement are regarded as confidential information. Each Party shall maintain the confidentiality of all such confidential information, and without obtaining the written consent of the other
Party, it shall not disclose any relevant confidential information to any third parties, except for the information that: (a) is or will be in the public domain (other than through the receiving Party’s unauthorized disclosure); (b) is
under the obligation to be disclosed pursuant to the applicable laws or regulations, rules of any stock exchange, or orders of the court or other government authorities; or (c) is required to be disclosed by any Party to its shareholders,
investors, legal counsels or financial advisors regarding the transaction contemplated hereunder, provided that such shareholders, investors, legal counsels or financial advisors shall be bound by the confidentiality obligations similar to those set
forth in this Section. Disclosure of any confidential information by the staff members or agencies hired by any Party shall be deemed disclosure of such confidential information by such Party and such Party shall be held liable for breach of this
Agreement. This Section shall survive the termination of this Agreement for any reason. 

  
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	14.	 Governing Laws and Resolution of Disputes 

 

	 	14.1.	 The execution, effectiveness, construction, performance, amendment, and termination of this Agreement and the
resolution of disputes hereunder shall be governed by the PRC laws. 

  

	 	14.2.	 In the event of any dispute with respect to the construction and performance of this Agreement, the Parties
shall first resolve the dispute through friendly negotiations. In the event the Parties fail to reach an agreement on the dispute within thirty (30) days after either Party requests the other Parties for resolution of the dispute through
negotiations, either Party may submit the relevant dispute to the China International Economic and Trade Arbitration Commission for arbitration, in accordance with its arbitration rules. The arbitration shall be conducted in Shanghai, and the
language used in the arbitration shall be Chinese. The arbitration shall be final and binding on all Parties. 

  

	 	14.3.	 Upon the occurrence of any disputes arising from the construction and performance of this Agreement or during
the pending arbitration of any dispute, except for the matters under dispute, the Parties to this Agreement shall continue to exercise their respective rights under this Agreement and perform their respective obligations under this Agreement.

  

	15.	 Notices 

  

	 	15.1.	 All notices and other communications required or permitted to be given pursuant to this Agreement shall be
delivered personally or sent by registered mail, postage prepaid, by commercial courier service, or by facsimile transmission to the address of such Party set forth below. Each notice shall also be sent by email. The dates on which notices shall be
deemed to have been effectively given shall be determined as follows: 

  

	 	15.1.1.	 Notices are given by personal delivery, by courier service, or by registered mail, postage pre-paid shall be deemed effectively given on the date of delivery or refusal at the address specified for notices. 

  

	 	15.1.2.	 Notices given by facsimile transmission shall be deemed effectively given on the date of a successful
transmission (as evidenced by an automatically generated confirmation of transmission). 

  

	 	15.2	 For the purpose of notice, the mailing addresses of the Parties are as follows: 

Party A: Shanghai Soul Technology Co., Ltd. 

Address: ********* 
 Attn: Lu
Zhang 
 Phone: ********* 

  
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 Party B: Lu Zhang 

Address: ********* 
 Attn: Lu
Zhang 
 Phone: ********* 

Party C: Shanghai Soulgate Technology Co., Ltd. 

Address: ********* 
 Attn: Lu
Zhang 
 Phone: ********* 
  

	 	15.3.	 Any Party may at any time change its address for notices by a notice delivered to the other Parties following
the terms hereof. 

  

	16.	 Severability 

In the event that one or several of the provisions of this Agreement are found to be invalid, illegal, or unenforceable in any aspect in
accordance with any laws or regulations, the validity, legality, or enforceability of the remaining provisions of this Agreement shall not be affected or compromised in any respect. The Parties shall strive in good faith to replace such invalid,
illegal or unenforceable provisions with effective provisions that accomplish to the greatest extent permitted by law and the intentions of the Parties, and the economic effect of such effective provisions shall be as close as possible to the
economic effect of those invalid, illegal or unenforceable provisions. 
  

	17.	 Attachments 

The attachments set forth herein shall be an integral part of this Agreement. 

 

	18.	 Effectiveness 

 

	 	18.1.	 This Agreement shall supersede in its entirety the Amended and Restated Equity Interest Pledge Agreement
executed by and among the Parties on November 10, 2017, and any written or oral agreements entered into orally or in connection with the relevant matters. 

 

	 	18.2.	 Any amendments, changes, and supplements to this Agreement shall be in writing and shall become effective after
the affixation of the signatures or seals of the Parties. 

  

	 	18.3.	 This Agreement is written in Chinese in three copies with the same legal effect. Each Party shall hold one
copy, and the other originals shall be used for registration with the administration for industry and commerce. 

  

	 	18.4.	 This Agreement shall be valid and binding on the Parties and their respective heirs, successors, and assigns.

  
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 [REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK] 

  
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 IN WITNESS WHEREOF, the Parties have caused their authorized representatives to execute this Agreement as of
the date first above written. This Agreement shall become effective immediately upon the date of the execution. 
 Party A: Shanghai Soul
Technology Co., Ltd. (seal) 
  

			
	Signature:	 	 /s/ Lu Zhang

	Name: Lu Zhang
	Title: Legal Representative

  
 Signature Page to Equity
Interest Pledge Agreement 

 IN WITNESS WHEREOF, the Parties have caused their authorized representatives to execute this Agreement as of
the date first above written. This Agreement shall become effective immediately upon the execution hereof. 
 Party B 1: Lu Zhang 

 

			
	Signature:	 	 /s/ Lu Zhang

			
	Name: Lu Zhang

  
 Signature Page to Equity
Interest Pledge Agreement 

 IN WITNESS WHEREOF, the Parties have caused their authorized representatives to execute this Agreement as of
the date first above written. This Agreement shall become effective immediately upon the execution hereof. 
 Party B 2: Zhuanlian Technology (Shenzhen)
Co., Ltd. (seal) 
  

			
	Signature:	 	 /s/ Youwei Zhang

			
	Name: Youwei Zhang
	Title: Legal representative or authorized representative

  
 Signature Page to Equity
Interest Pledge Agreement 

 IN WITNESS WHEREOF, the Parties have caused their authorized representatives to execute this Agreement as of
the date first above written. This Agreement shall become effective immediately upon the execution hereof. 
 Party B 3: Beijing Mingjun Investment
Management Co., Ltd. (seal) 
  

			
	Signature:	 	 /s/ Xin Du

			
	Name: Xin Du
	Title: Legal representative or authorized representative

  
 Signature Page to Equity
Interest Pledge Agreement 

 IN WITNESS WHEREOF, the Parties have caused their authorized representatives to execute this Agreement as of
the date first above written. This Agreement shall become effective immediately upon the execution hereof. 
 Party B 4: Shanghai Jianming Enterprise
Management Co., Ltd. (seal) 
  

			
	Signature:	 	 /s/ Jianmin Wu

			
	Name: Jianmin Wu
	Title: Legal representative or authorized representative

  
 Signature Page to Equity
Interest Pledge Agreement 

 IN WITNESS WHEREOF, the Parties have caused their authorized representatives to execute this Agreement as of
the date first above written. This Agreement shall become effective immediately upon the date hereof. 
 Party B 5: Shanghai Moliang Chuangye Investment
Center (Limited Partnership) (seal) 
  

			
	Signature:	 	 /s/ Di Ding

			
	Name: Di Ding
	Title: Executive partner or authorized representative

  
 Signature Page to Equity
Interest Pledge Agreement 

 IN WITNESS WHEREOF, the Parties have caused their authorized representatives to execute this Agreement as of
the date first above written. This Agreement shall become effective immediately upon the execution hereof. 
 Party C: Shanghai Soulgate Technology Co.,
Ltd. (seal) 
  

			
	Signature:	 	 /s/ Lu Zhang

	Name: Lu Zhang
	Title: Legal representative

 Signature Page to Equity Interest Pledge AgreementEX-10.6

 Exhibit 10.6 

EXCLUSIVE BUSINESS COOPERATION AGREEMENT 

This Exclusive Business Cooperation Agreement (this “Agreement”) is made and entered into by and between the following parties on May 8,
2020, in Shanghai, the People’s Republic of China (“China” or the “PRC”). 
 Party A: Shanghai Soul Technology Co.,
Ltd. 
 Address: ********* 
 Party B: Shanghai Soulgate
Technology Co., Ltd. 
 Address: ********* 

Each of Party A and Party B shall be hereinafter referred to as “each Party” respectively, and as the
“Parties” collectively. 
 Whereas: 
  

	 	1.	 Party A is a wholly foreign-owned enterprise established and validly existing under the PRC laws, is permitted
to provide social networking software development for mobile phones and social platform operation services in China by the relevant Chinese government authorities, and has the necessary resources to provide technology and management consulting
services; 

  

	 	2.	 Party B is a company with exclusively domestic capital established and validly existing under the PRC laws. The
businesses conducted by Party B currently and any time during the term of this Agreement are collectively referred to as the “Principal Business”; 

  

	 	3.	 Party A is willing to provide Party B with technical support, consulting services, and other services on an
exclusive basis concerning the principal business during the term of this Agreement, utilizing its advantages in technology, human resources, and information, and Party B is willing to accept such services provided by Party A or Party A’s
designee (s), each on the terms set forth herein. 

  
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 THEREFORE, through negotiation, the Parties agree as follows: 

1 Services to be Provided 
  

	 	1.1	 Party B hereby appoints Party A as its exclusive services provider to provide Party B with comprehensive
technical support, business support, and related consulting services during the term of this Agreement, in accordance with the terms and conditions of this Agreement, including but not limited to the followings: 

 

	 	1.1.1	 Licensing Party B to use relevant software and technology legally owned by Party A and necessary for Party
B’s principal business; 

  

	 	1.1.2	 Development, maintenance, and updating of software involved in Party B’s Principal Business;

  

	 	1.1.3	 Design, installation, daily management, maintenance, and updating of network systems, hardware, and database;

  

	 	1.1.4	 Development and testing of new products; 

 

	 	1.1.5	 Technical support and training for employees of Party B; 

 

	 	1.1.6	 Assisting Party B in consultancy, collection, and research of relevant technology and market information;
(Excluding market research business that wholly foreign-owned enterprises are restricted from conducting under the PRC laws); 

  

	 	1.1.7	 Providing business management consultation for Party B; 

 

	 	1.1.8	 Leasing of equipment or properties; and 

 

	 	1.1.9	 Other relevant technical services and consulting services requested by Party B from time to time to the extent
permitted under the PRC laws. 

  

	 	1.2	 Party B shall accept the consultation and services provided by Party A. Party B further agrees that unless with
Party A’s prior written consent, during the term of this Agreement, Party B shall not directly or indirectly accept the same or any similar consultations and/or services provided by any third party and shall not establish any similar
cooperative relationships with any third party regarding the matters contemplated by this Agreement. The Parties agree that Party A may appoint other parties (who may enter into certain agreements described in Section 1.3 with Party B) to
provide Party B with the services and/or support under this Agreement. 

  
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	 	1.3	 Service Delivery 

  

	 	1.3.1	 Party A and Party B agree that during the term of this Agreement, where necessary, Party B may enter into
further technical service agreements or consulting service agreements with Party A or any other party designated by Party A, which shall provide the specific contents, manners, personnel, and fees for the specific technical services and consulting
services. 

  

	 	1.3.2	 To better fulfill this Agreement, Party A and Party B agree that during the term of this Agreement, where
necessary, Party B may enter into equipment or property leases with Party A or any other party designated by Party A based on the business needs of Party B, and Party A shall provide relevant equipment and property to Party B for use.

  

	 	1.3.3	 Party B hereby grants to Party A an irrevocable, unconditional, and exclusive call option. According to the
call option, Party A may purchase or designate one or more persons to purchase any or all of the assets of Party B (including the intellectual property rights, the same below), at Party A’s sole discretion, to the extent permitted by the PRC
laws and regulations, at the lowest purchase price permitted by the PRC laws. In this case, the relevant parties shall enter into a separate assets transfer agreement, specifying the terms and conditions of the transfer of the assets.

  

	 	1.4	 To ensure the performance of this Agreement by Party B, Party B agrees to mortgage its payables in Party
B’s business operation and all the assets of Party B to Party A as security upon the request of Party A. 

 2 The Calculation and
Payment of Service Fees 
  

	 	2.1	 For the service provided by Party A in accordance with this Agreement, Party B shall deduct all costs and
expenses accepted by Party A from Party B’s income in the current year, and take 100% of the balance as the service fees. Besides, Party B shall also pay Party A service fees for specific technical services provided by Party A from time to time
at the request of Party B as separately agreed upon by both Parties. 

  

	 	2.2	 Within three (3) months after the end of each calendar year, Party B shall provide Party A with audited
financial statements of Party B pertaining to such fiscal year, which shall be audited and certified by an independent certified public accountant approved by Party A. Party B shall prepare financial statements consistent with the requirements of
Party A in accordance with laws and business practices. 

  
 3 

	 	2.3	 Party B shall pay the service fees determined in accordance with this Section in a lump sum to the bank account
designated by Party A within fifteen (15) business days after Party A confirms the financial statements provided by Party B under Section 2.2 and determines the service fees in accordance with the principles of Section 2.1 and
notifies Party B in writing. If Party A changes its bank account, it shall notify Party B in writing seven (7) business days in advance. 

  

	 	2.4	 The Parties agree that, in principle, the payment of the service fees shall not cause any difficulty to the
operation of any Party in the current year. For the above purpose and to the extent of the above principle, Party A may agree that Party B delay the payment of the service fees, or, in the sole discretion of Party A, may adjust in writing the
charging proportion and/or specific amount of the service fees payable by Party B to Party A under Section 2.1. 

  

	 	2.5	 If Party A determines, in its reasonable discretion, to adjust the calculation and payment terms of the service
fees at any time during the term of this Agreement for any reason, Party A shall have the right to notify Party B in writing of such adjustment five (5) days in advance and without the consent of Party B. 

3 Intellectual Property Rights 
  

	 	3.1	 Party A shall have exclusive and proprietary rights and interests in all rights, ownership, interests and
intellectual properties arising out of or created by Party A and/or Party B during the performance of this Agreement, including but not limited to copyrights, patents, patent applications, software, technical secrets, trade secrets, and others, and
shall have the right to use such rights without compensation. 

  

	 	3.2	 For the business needs of Party B, Party A agrees that Party B may register some intellectual property rights
designated by Party A in the name of Party B. However, upon request by Party A, Party B shall transfer the aforementioned intellectual property rights registered in the name of Party B to Party A free of charge or at the lowest price permitted by
law and Party B shall execute all appropriate documents, take all appropriate actions, submit all filings and/or applications, obtain all necessary approvals or consents, render all appropriate assistance and otherwise conduct whatever is necessary
as deemed by Party A in its sole discretion for the purposes of vesting any ownership, right or interest of any such intellectual property rights in Party A, and/or perfecting the protections for any such intellectual property rights of Party A.
Party A shall have the right to use any intellectual property rights registered in the name of Party B without compensation. 

  
 4 

 4 Confidentiality 

The Parties acknowledge that the existence and the terms of this Agreement and any oral or written information exchanged between the Parties in
connection with the preparation and performance of this Agreement are regarded as confidential information. Each Party shall maintain the confidentiality of all such confidential information, and without obtaining the written consent of the other
Party, it shall not disclose any relevant confidential information to any third parties, except for the information that: (a) is or will be in the public domain (other than through the receiving party’s unauthorized disclosure); (b) is
under the obligation to be disclosed under the applicable laws or regulations, rules of any stock exchange, or orders of the court or other government authorities; or (c) is required to be disclosed by any Party to its shareholders, directors,
employees, investors, legal counsels or financial advisors regarding the transaction contemplated hereunder, provided that such shareholders, directors, employees, investors, legal counsels or financial advisors shall be bound by the confidentiality
obligations similar to those outlined in this Section. Disclosure of any confidential information by the shareholders, director, employees, investors, legal counsels, or financial advisors of any Party shall be deemed disclosure of such confidential
information by such Party and such Party shall be held liable for default of this Agreement. 
 5 Representations, Warranties, and Undertakings 

 

	 	5.1	 Party A hereby represents, warrants and covenants as follows: 

 

	 	5.1.1	 Party A is a wholly foreign-owned enterprise legally registered and validly existing in accordance with the PRC
laws; Party A or the service providers designated by Party A will obtain all government permits and licenses for providing the service under this Agreement before providing such services. 

 

	 	5.1.2	 Party A has taken all necessary corporate actions, obtained all necessary authorization as well as consents and
approvals from third parties and government agencies (if required) for the execution, delivery, and performance of this Agreement. Party A’s execution, delivery, and performance of this Agreement do not violate any explicit requirements under
any law or regulation. 

  

	 	5.1.3	 This Agreement constitutes Party A’s legal, valid, and binding obligations, enforceable against it in
accordance with its terms. 

  

	 	5.2	 Party B hereby represents, warrants and covenants as follows: 

 

	 	5.2.1	 Party B is a company legally registered and validly existing under the PRC laws. Party B has obtained and will
maintain all permits and licenses from the government for engaging in its principal business. 

  

	 	5.2.2	 Party B has a good and marketable, transferable, and disposable ownership to the assets of Party B, free of any
encumbrance in any form (including security interest), except for those in favor of Party A. 

  
 5 

	 	5.2.3	 There is no lawsuit, administrative penalty, or arbitration that Party B foresees as possible that may affect
its performance of this Agreement. Party B has taken all necessary corporate actions, obtained all necessary authorizations as well as consents and approvals from third parties and government agencies (if required) for the execution, delivery, and
performance of this Agreement. Party B’s execution, delivery, and performance of this Agreement do not violate any explicit requirements under law or regulation. In addition, Party B has the right to execute, deliver and perform any assets
transfer agreement (the “Assets Transfer Agreement”) entered into for the purchased assets to be transferred thereunder. 

  

	 	5.2.4	 This Agreement and the Assets Transfer Agreement will, upon execution, constitute Party B’s legal, valid
and binding obligations, enforceable against it in accordance with its terms. 

 6 Effectiveness and Term of this Agreement 

 

	 	6.1	 This Agreement shall become effective upon execution by the Parties. Unless terminated in accordance with the
specific provisions of this Agreement or mandatory provisions of PRC laws, this Agreement shall remain effective. 

  

	 	6.2	 During the effective term of this Agreement, Party A may, in its sole discretion, terminate or rescind this
Agreement unconditionally by giving thirty (30) days prior written notice to Party B, without any liabilities. Unless otherwise required by applicable laws, Party B shall have no right to unilaterally terminate or rescind this Agreement.

  

	 	6.3	 During the term of this Agreement, each Party shall renew its operation term promptly prior to the expiration
and endeavor to obtain the approval by competent authorities so that this Agreement will remain effective and enforceable. This Agreement shall be terminated upon the expiration of the operation term of such Party if the application for the renewal
of its operation term is not approved by the relevant government authorities. 

  

	 	6.4	 The rights and obligations of the Parties under Sections 4, 7, 8, 9, and this Section 6.4 shall survive
the termination of this Agreement. 

 7 Governing Laws and Resolution of Disputes 

 

	 	7.1	 The execution, effectiveness, construction, performance, amendment, and termination of this Agreement and the
resolution of disputes hereunder shall be governed by the PRC laws. 

  

	 	7.2	 In the event of any dispute with respect to the construction and performance of this Agreement, the Parties
shall first resolve the dispute through friendly negotiations. In the event the Parties fail to reach an agreement on the dispute within 30 days after either Party requests the other Party for resolution of the dispute through negotiations, either
Party may submit the relevant dispute to the China International Economic and Trade Arbitration Commission for arbitration, in accordance with its arbitration rules. The arbitration shall be conducted in Shanghai, and the language used in the
arbitration shall be Chinese. 

 The arbitration shall be final and binding on all Parties. 

  
 6 

	 	7.3	 Upon the occurrence of any disputes arising from the construction and performance of this Agreement or during
the pending arbitration of any dispute, except for the matters under dispute, the Parties shall continue to exercise their respective rights under this Agreement and perform their respective obligations under this Agreement. 

8 Default Liabilities and Indemnification 
  

	 	8.1	 The Parties agree and confirm that, if either Party (the “Defaulting Party”) conducts any
material default of any provisions of this Agreement or fails to perform, fully perform, or delays its performance of its obligations under this Agreement, such default or failure shall constitute a default under this Agreement (the
“Default”). The Non-defaulting Party shall have the right to request the Defaulting Party to rectify or remedy such default within a reasonable period of time. If the Defaulting Party fails to rectify or remedy such Default within
the reasonable period of time or within 10 days of Non-defaulting Party’s written notice requesting for such rectification or remedy, the Non-defaulting Party shall
have the right to decide at its sole discretion: (1) to terminate this Agreement and request the Defaulting Party to fully indemnify its losses and damages; (2) to request a specific performance by the Defaulting Party of its obligations
hereunder as well as request the Defaulting Party to fully indemnify its losses and damages. This Section 8.1 shall not prejudice any other rights of Party A herein. 

 

	 	8.2	 Notwithstanding Section 8.1 above, the Parties agree and confirm that in no circumstance shall Party B
early terminate or rescind this Agreement unless otherwise required by the applicable law or this Agreement. 

  

	 	8.3	 Party B shall indemnify and hold harmless Party A from any losses, injuries, obligations, or expenses incurred
by Party A caused by any lawsuit, claims or other demands against Party A arising from or caused by the services provided by Party A to Party B pursuant this Agreement, except where such losses, injuries, obligations or expenses arising from the
gross negligence or willful misconduct of Party A. 

 9 Force Majeure 

 

	 	9.1	 In the case of any force majeure events such as earthquakes, typhoons, floods, fires, epidemics, wars, riots,
hostile action, public disturbance, strikes, or any other force majeure events that cannot be predicted and are unpreventable and unavoidable by the affected Party (the “Force Majeure”), which directly or indirectly causes the
failure of either Party to perform, completely perform or delay of its performance, then the Party affected by such Force Majeure shall not be liable for the failure of performance. However, the affected Party shall give written notice without any
delay to the other Party and shall, within fifteen (15) days of sending such written notice, provide the other Party with details of the Force Majeure event and relevant documents evidencing such failure of, failure to perform or delay of
performance. 

  
 7 

	 	9.2	 If such Party claiming Force Majeure fails to notify the other Party and furnish it with proof pursuant to the
above provision, such Party shall not be excused from its liabilities for failure to perform, failure to fully perform, or delay in performance of, its obligations hereunder. The Party so affected by the event of Force Majeure shall use reasonable
efforts to minimize the consequences of such Force Majeure and to promptly resume performance hereunder whenever the causes of such excuse are cured. Should the Party so affected by the event of Force Majeure fail to resume performance hereunder
when the causes of such excuse are cured, such Party shall be liable to the other Party. 

  

	 	9.3	 In the event of Force Majeure, the Parties shall immediately consult with each other to find an equitable
solution and shall use all reasonable endeavors to minimize the consequences of such Force Majeure. 

 10 Notices 

 

	 	10.1	 All notices and other communications required or permitted to be given pursuant to this Agreement shall be
delivered personally or sent by registered mail, prepaid postage, commercial courier service or facsimile transmission to the address of such Party set forth below. Each notice shall also be sent by email. The dates on which notices shall be deemed
to have been effectively given shall be determined as follows: 

  

	 	10.1.1	 Notices given by personal delivery, courier service or registered mail, prepaid postage, shall be deemed
effectively given on the date of receipt or refusal at the address specified for notices. 

  

	 	10.1.2	 Notices given by facsimile transmission shall be deemed effectively given on the date of a successful
transmission (as evidenced by an automatically generated confirmation of transmission). 

  

	 	10.2	 For the purpose of notice, the mailing addresses of the Parties are as follows: 

Party A: Shanghai Soul Technology Co., Ltd. 

Address: ********* 

Attn: Lu Zhang 

Phone: ********* 

Party B: Shanghai Soulgate Technology Co., Ltd. 

Address: ********* 

Attn: Lu Zhang 

Phone: ********* 

  
 8 

	 	10.3	 Any Party may at any time change its address for notices by a notice delivered to the other Party in accordance
with the terms hereof. 

 11 Assignment 
  

	 	11.1	 Without Party A’s prior written consent, Party B shall not assign its rights and obligations under this
Agreement to any third party. 

  

	 	11.2	 Party B agrees that Party A may assign its obligations and rights under this Agreement to any third party and
in case of such upon assignment, Party A is only required to give written notice to Party B but without the consent of Party B. In the meantime, Party B shall, under Party A’s requirements, execute a relevant agreement with such a third party
that is satisfactory to Party A, to specify the rights and obligations of each party. 

 12 Entire Agreement 

Both Parties acknowledge that, upon effectiveness, this Agreement constitutes the entire agreement and understanding reached between the
Parties with respect to the content herein, and completely supersedes all prior oral and/or written agreements and understandings (including but not limited to the Exclusive Business Cooperation Agreement executed among the Parties on
August 10, 2017) concerning the content of this Agreement. 
 13 Waivers 

The failure of any Party hereto to exercise promptly any right provided under this Agreement shall not be deemed as a waiver thereof or affect
such Party’s right or rights in the future. 
 14 Severability 

In the event that one or several of the provisions of this Agreement are held or found by a competent court or arbitral body to be invalid,
illegal, or unenforceable in any aspect under any laws or regulations, the validity, legality, or enforceability of the remaining provisions of this Agreement shall not be affected or compromised in any aspect. The Parties shall strive in good faith
to amend such provisions, as closely as possible to render such provisions legal, valid, and enforceable, to the extent permitted by law, and the economic effect of the valid provision so amended shall be as close as possible to the economic effect
of those invalid, illegal or unenforceable provisions. 
 15 Amendments and Supplements 

Any amendments and supplements to this Agreement shall be in writing. The amendment agreements and supplementary agreements that have been
signed by the Parties and that relate to this Agreement shall be an integral part of this Agreement and shall have the same legal validity as this Agreement. 

  
 9 

 16 Counterparts 

This Agreement is made in two (2) counterparts, each of which shall be of the same effect. Each Party holds one (1) counterpart. 

[REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK] 

  
 10 

 IN WITNESS WHEREOF, the Parties have caused their authorized representatives to execute this Agreement as of
the date first above written. 
 Party A: Shanghai Soul Technology Co., Ltd. 

Signature: /s/ Lu Zhang                 

Name: Lu Zhang 
 Title: Legal Representative 

Party B: Shanghai Soulgate Technology Co., Ltd. 
 Signature:
/s/ Lu Zhang                 
 Name: Lu Zhang 

Title: Legal Representative 

  
 Signature Page to
Exclusive Business Cooperation Agreement

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