Document:

Exhibit 10.1

 

INDEMNIFICATION AGREEMENT

 

THIS INDEMNIFICIATION
AGREEMNT (this “Agreement”) is made as of                ,
20 by and between Weidai Ltd., an exempted company with limited liability incorporated and existing under the laws of the Cayman
Islands (the “Company”) and                                                    
([Passport/ID] Number                                           )
(the “Indemnitee”).

 

WHEREAS, the Indemnitee
has agreed to serve as a director or executive officer of the Company and in such capacity will render valuable services to the
Company; and

 

WHEREAS, in order to
induce and encourage highly experienced and capable persons such as the Indemnitee to render valuable services to the Company,
the board of directors of the Company (the “Board of Directors”) has determined that this Agreement is not only
reasonable and prudent, but necessary to promote and ensure the best interests of the Company and its shareholders;

 

NOW, THEREFORE, in
consideration of the premises and mutual agreements hereinafter set forth, and other good and valuable consideration, including,
without limitation, the service of the Indemnitee, the receipt of which hereby is acknowledged, and in order to induce the Indemnitee
to render valuable services the Company, the Company and the Indemnitee hereby agree as follows:

 

1.           Definitions.
As used in this Agreement:

 

(a)       “Changes
in Control” shall mean a change in control of the Company of a nature that would be required to be reported in response
to Item 6(e) of Schedule 14A of Regulation 14A (or in response to any similar item on any similar or successor schedule or form)
promulgated under the United States Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder
(collectively, the “Act”), whether or not the Company is then subject to such reporting requirement; provided,
however, that, without limitation, such a Change in Control shall be deemed to have occurred (irrespective of the applicability
of the initial clause of this definition) if (i) any “person” (as such term is used in Section 13(d) and 14(d) of the
Act, but excluding any trustee or other fiduciary holding securities pursuant to an employee benefit or welfare plan or employee
share plan of the Company or any subsidiary or affiliate of the Company, or any entity organized, appointed, established or holding
securities of the Company with voting power for or pursuant to the terms of any such plan) becomes the “beneficial owner”
(as defined in Rule 13d-3 under the Act), directly or indirectly, of securities of the Company representing 30% or more of the
combined voting power of the Company’s then outstanding securities without the prior approval of at least two-thirds of the
Continuing Directors (as defined below) in office immediately prior to such person’s attaining such interest; (ii) the Company
is a party to a merger, consolidation, scheme of arrangement, sale of assets or other reorganization, or a proxy contest, as a
consequence of which Continuing Directors in office immediately prior to such transaction or event constitute less than a majority
of the Board of Directors of the Company (or any successor entity) thereafter; or (iii) during any period of two consecutive years,
Continuing Directors cease for any reason to constitute at least a majority of the Board of Directors of the Company.

 

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(b)       “Continuing
Director” shall mean an individual (i) who served on the Board of Directors of the Company at the effective date of the
Company’s registration statement on Form F-1 relating to the Company’s initial public offering; or (ii) whose election
or nomination for election by the Company’s shareholders was approved by a vote of at least two-thirds of the Continuing
Directors then in office.

 

(c)       “Disinterested
Director” with respect to any request by the Indemnitee for indemnification or advancement of expenses hereunder shall
mean a director of the Company who neither is nor was a party to the Proceeding (as defined below) in respect of which indemnification
or advancement is being sought by the Indemnitee.

 

(d)       The
term “Expenses” shall mean, without limitation, expenses of Proceedings, including attorneys’ fees, disbursement
and retainers, accounting and witness fees, expenses related to preparation for service as a witness and to service as a witness,
travel and deposition costs, expenses of investigations, judicial or administrative proceedings and appeals, amounts paid in settlement
of a Proceeding by or on behalf of the Indemnitee, costs of attachment or similar bonds, any expenses of attempting to establish
or establishing a right to indemnification or advancement of expenses, under this Agreement, the Company’s Memorandum of
Association and Articles of Association as currently in effect (the “Articles”), applicable law or otherwise,
and reasonable compensation for time spent by the Indemnitee in connection with the investigation, defense or appeal of a Proceeding
or action for indemnification for which the Indemnitee is not otherwise compensated by the Company or any third party. The term
 “Expenses” shall not include the amount of judgments, fines, interest or penalties, which are actually levied against
or sustained by the Indemnitee to the extent sustained after final adjudication.

 

(e)       The
term “Independent Legal Counsel” shall mean any firm of attorneys reasonably selected by the Board of Directors
of the Company, so long as such firm has not represented the Company, the Company’s subsidiaries or affiliates, the Indemnitee,
any entity controlled by the Indemnitee, or any party adverse to the Company, within the preceding five (5) years. Notwithstanding
the foregoing, the term “Independent Legal Counsel” shall not include any person who, under applicable standards of
professional conduct then prevailing, would have a conflict of interest in representing either the Company or the Indemnitee in
an action to determine the Indemnitee’s right to indemnification or advancement of expenses under this Agreement, the Company’s
Articles, applicable law or otherwise.

 

(f)       The
term “Proceeding” shall mean any threatened, pending or completed action, suit, arbitration, alternate dispute
resolution mechanism, or other proceeding (including, without limitation, an appeal therefrom), formal or informal, whether brought
in the name of the Company or otherwise, whether of a civil, criminal, administrative or investigative nature, and whether by,
in or involving a court or an administrative, other governmental or private entity or body (including, without limitation, an investigation
by the Company or its Board of Directors), by reason of (i) the fact that the Indemnitee is or was a director or officer of the
Company, or is or was serving at the request of the Company as an agent of another enterprise, whether or not the Indemnitee is
serving in such capacity at the time any liability or expense is incurred for which indemnification or reimbursement is to be provided
under this Agreement, (ii) any actual or alleged act or omission or neglect or breach of duty, including, without limitation, any
actual or alleged error or misstatement or misleading statement, which the Indemnitee commits or suffers while acting in any such
capacity, or (iii) the Indemnitee attempting to establish or establishing a right to indemnification or advancement of expenses
pursuant to this Agreement, the Company’s Articles, applicable law or otherwise.

 

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(g)       The
phrase “serving at the request of the Company as an agent of another enterprise” or any similar terminology
shall mean, unless the context otherwise requires, serving at the request of the Company as a director, officer, employee or agent
of another corporation, partnership, joint venture, limited liability company, trust, employee benefit or welfare plan or other
enterprise, foreign or domestic. The phrase “serving at the request of the Company” shall include, without limitation,
any service as a director/an executive officer of the Company which imposes duties on, or involves services by, such director/executive
officer with respect to the Company or any of the Company’s subsidiaries, affiliates, employee benefit or welfare plans,
such plan’s participants or beneficiaries or any other enterprise, foreign or domestic. In the event that the Indemnitee
shall be a director, officer, employee or agent of another corporation, partnership, joint venture, limited liability company,
trust, employee benefit or welfare plan or other enterprise, foreign or domestic, 50% or more of the ordinary shares, combined
voting power or total equity interest of which is owned by the Company or any subsidiary or affiliate thereof, then it shall be
presumed conclusively that the Indemnitee is so acting at the request of the Company.

 

2.           Services by the Indemnitee.The
Indemnitee agrees to serve as a director or officer of the Company under the terms of the Indemnitee’s agreement with the
Company for so long as the Indemnitee is duly elected or appointed or until such time as the Indemnitee tenders a resignation in
writing or is removed from the Indemnitee's position; provided, however, that the Indemnitee may at any time and for any reason
resign from such position (subject to any other contractual obligation or other obligation imposed by operation of law).

 

3.           Proceedings
by or in the Right of the Company. The Company shall indemnify the Indemnitee if the Indemnitee is a party to or threatened
to be made a party to or is otherwise involved in any Proceeding by or in the right of the Company to procure a judgment in its
favor by reason of the fact that the Indemnitee is or was a director or officer of the Company, or is or was serving at the request
of the Company as an agent of another enterprise, against all Expenses, judgments, fines, interest or penalties, which are actually
and reasonably incurred by the Indemnitee in connection with the defense or settlement of such a Proceeding, if the Indemnitee
acted in good faith and in a manner the Indemnitee reasonably believed to be in, or not opposed to, the best interests of the Company;
except that no indemnification under this section shall be made in respect of any claim, issue or matter as to which such
person shall have been adjudicated by final judgment by a court of competent jurisdiction to be liable to the Company for willful
misconduct in the performance of his/her duty to the Company, unless and only to the extent that the court in which such Proceeding
was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of
the case, such person is fairly and reasonably entitled to indemnity for such amounts which such other court shall deem proper.

 

4.           Proceeding
Other Than a Proceeding by or in the Right of the Company. The Company shall indemnify the Indemnitee if the Indemnitee is
a party to or threatened to be made a party to or is otherwise involved in any Proceeding (other than a Proceeding by or in the
right of the Company) by reason of the fact that the Indemnitee is or was a director or officer of the Company, or is or was serving
at the request of the Company as an agent of another enterprise, against all Expenses, judgments, fines, interest or penalties,
which are actually and reasonably incurred by the Indemnitee in connection with such a Proceeding, to the fullest extent permitted
by applicable law; provided, however, that any settlement of a Proceeding must be approved in advance in writing by the Company
(which approval shall not be unreasonably withheld).

 

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5.           Indemnification
for Costs, Charges and Expenses of Witness or Successful Party. Notwithstanding any other provision of this Agreement (except
as set forth in subparagraph 9(a) hereof), and without a requirement for determination as required by Paragraph 8 hereof, to the
extent that the Indemnitee (a) has prepared to serve or has served as a witness in any Proceeding in any way relating to (i) the
Company or the Company’s subsidiaries, affiliates, employee benefit or welfare plans or such plan’s participants or
beneficiaries or (ii) anything done or not done by the Indemnitee as a director or officer of the Company or in connection with
serving at the request of the Company as an agent of another enterprise, or (b) has been successful in defense of any Proceeding
or in defense of any claim, issue or matter therein, on the merits or otherwise, including the dismissal of a Proceeding without
prejudice or the settlement of a Proceeding without an admission of liability, the Indemnitee shall be indemnified against all
Expenses actually and reasonably incurred by the Indemnitee in connection therewith to the fullest extent permitted by applicable
law.

 

6.           Partial
Indemnification. If the Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for
a portion of the Expenses, judgments, fines, interest or penalties, which are actually and reasonably incurred by the Indemnitee
in the investigation, defense, appeal or settlement of any Proceeding, but not, however, for the total amount of the Indemnitee’s
Expenses, judgments, fines, interest or penalties, then the Company shall nevertheless indemnify the Indemnitee for the portion
of such Expenses, judgments, fines, interest or penalties to which the Indemnitee is entitled.

 

7.           Advancement
of Expenses. The Expenses incurred by the Indemnitee in any Proceeding shall be paid promptly by the Company in advance of
the final disposition of the Proceeding at the written request of the Indemnitee, to the fullest extent permitted by applicable
law; provided, however, that the Indemnitee shall set forth in such request reasonable evidence that such Expenses have been incurred
by the Indemnitee in connection with such Proceeding, a statement that such Expenses do not relate to any matter described in subparagraph
9(a) of this Agreement, and an undertaking in writing to repay any advances if it is ultimately determined as provided in subparagraph
8(b) of this Agreement that the Indemnitee is not entitled to indemnification under this Agreement.

 

8.           Indemnification
Procedure; Determination of Right to Indemnification.

 

(a)       Promptly
after receipt by the Indemnitee of notice of the commencement of any Proceeding, the Indemnitee shall, if a claim for indemnification
or advancement of Expenses in respect thereof is to be made against the Company under this Agreement, notify the Company of the
commencement thereof in writing. The failure and delay to so notify the Company will not relieve the Company from any liability
which the Company may have to the Indemnitee under this Agreement unless the Company shall have lost significant substantive or
procedural rights with respect to the defense of any Proceeding as a result of such omission to so notify.

 

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(b)       The
Indemnitee shall be conclusively presumed to have met the relevant standards of conduct, if any, as defined by applicable law,
for indemnification pursuant to this Agreement and shall be absolutely entitled to such indemnification, unless a determination
is made that the Indemnitee has not met such standards by (i) the Board of Directors by a majority vote of a quorum thereof consisting
of Disinterested Directors, (ii) the shareholders of the Company by majority vote of a quorum thereof consisting of shareholders
who are not parties to the Proceeding due to which a claim for indemnification is made under this Agreement, (iii) Independent
Legal Counsel as set forth in a written opinion (it being understood that such Independent Legal Counsel shall make such determination
only if the quorum of Disinterested Directors referred to in clause (i) of this subparagraph 8(b) is not obtainable or if the Board
of Directors of the Company by a majority vote of a quorum thereof consisting of Disinterested Directors so directs), or (iv) a
court of competent jurisdiction; provided, however, that if a Change in Control shall have occurred and the Indemnitee so requests
in writing, such determination shall be made only by a court of competent jurisdiction.

 

(c)       If
a claim for indemnification or advancement of Expenses under this Agreement is not paid by the Company within thirty (30) days
after receipt by the Company of written notice thereof, the rights provided by this Agreement shall be enforceable by the Indemnitee
in any court of competent jurisdiction. Such judicial proceeding shall be made de novo. The burden of proving that indemnification
or advances are not appropriate shall be on the Company. Neither the failure of the directors or shareholders of the Company or
Independent Legal Counsel to have made a determination prior to the commencement of such action that indemnification or advancement
of Expenses is proper in the circumstances because the Indemnitee has met the applicable standard of conduct, if any, nor an actual
determination by the directors or shareholders of the Company or Independent Legal Counsel that the Indemnitee has not met the
applicable standard of conduct shall be a defense to an action by the Indemnitee or create a presumption for the purpose of such
an action that the Indemnitee has not met the applicable standard of conduct. The termination of any Proceeding by judgment, order,
settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself (i) create a presumption
that the Indemnitee did not act in good faith and in a manner which he reasonably believed to be in the best interests of the Company
and/or its shareholders, and, with respect to any criminal Proceeding, that the Indemnitee had reasonable cause to believe that
his conduct was unlawful or (ii) otherwise adversely affect the rights of the Indemnitee to indemnification or advancement of Expenses
under this Agreement, except as may be provided herein.

 

(d)       If
a court of competent jurisdiction shall determine that the Indemnitee is entitled to any indemnification or advancement of Expenses
hereunder, the Company shall pay all Expenses actually and reasonably incurred by the Indemnitee in connection with such adjudication
(including, but not limited to, any appellate proceedings).

 

(e)       With
respect to any Proceeding for which indemnification or advancement of Expenses is requested, the Company will be entitled to participate
therein at its own expense and, except as otherwise provided below, to the extent that it may wish, the Company may assume the
defense thereof, with counsel reasonably satisfactory to the Indemnitee. After notice from the Company to the Indemnitee of its
election to assume the defense of a Proceeding, the Company will not be liable to the Indemnitee under this Agreement for any Expenses
subsequently incurred by the Indemnitee in connection with the defense thereof, other than as provided below. The Company shall
not settle any Proceeding in any manner which would impose any penalty or limitation on the Indemnitee without the Indemnitee’s
written consent. The Indemnitee shall have the right to employ his/her own counsel in any Proceeding, but the fees and expenses
of such counsel incurred after notice from the Company of its assumption of the defense of the Proceeding shall be at the expense
of the Indemnitee, unless (i) the employment of counsel by the Indemnitee has been authorized by the Company, (ii) the Indemnitee
shall have reasonably concluded that there may be a conflict of interest between the Company and the Indemnitee in the conduct
of the defense of a Proceeding, or (iii) the Company shall not in fact have employed counsel to assume the defense of a proceeding,
in each of which cases the fees and expenses of the Indemnitee’s counsel shall be advanced by the Company. The Company shall
not be entitled to assume the defense of any Proceeding brought by or on behalf of the Company or as to which the Indemnitee has
reasonably concluded that there may be a conflict of interest between the Company and the Indemnitee.

 

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9.           Limitations
on Indemnification. No payments pursuant to this Agreement shall be made by the Company:

 

(a)       To
indemnify or advance funds to the Indemnitee for Expenses with respect to (i) Proceedings initiated or brought voluntarily by the
Indemnitee and not by way of defense, except with respect to Proceedings brought to establish or enforce a right to indemnification
under this Agreement or any other statute or law or otherwise as required under applicable law or (ii) Expenses incurred by the
Indemnitee in connection with preparing to serve or serving as a witness in cooperation with any party or entity who or which has
threatened or commenced any action or proceeding against the Company, or any director, officer, employee, trustee, agent, representative,
subsidiary, parent corporation or affiliate of the Company, but such indemnification or advancement of Expenses in each such case
may be provided by the Company if the Board of Directors finds it to be appropriate;

 

(b)       To
indemnify the Indemnitee for any Expenses, judgments, fines, interest or penalties sustained in any Proceeding for which payment
is actually made to the Indemnitee under a valid and collectible insurance policy, except in respect of any excess beyond the amount
of payment under such insurance;

 

(c)       To
indemnify the Indemnitee for any Expenses, judgments, fines, interest or penalties sustained in any Proceeding for an accounting
of profits made from the purchase or sale by the Indemnitee of securities of the Company pursuant to the provisions of Section
16(b) of the Act or similar provisions of any foreign or United States federal, state or local statute or regulation;

 

(d)       To
indemnify the Indemnitee for any Expenses, judgments, fines, interest or penalties for which the Indemnitee is indemnified by the
Company otherwise than pursuant to this Agreement;

 

(e)       To
indemnify the Indemnitee for any Expenses (including without limitation any Expenses relating to a Proceeding attempting to enforce
this Agreement), judgments, fines, interest or penalties on account of the Indemnitee’s conduct if such conduct shall be
finally adjudged to have been knowingly fraudulent or deliberately dishonest or to have constituted willful misconduct, including,
without limitation, breach of the duty of loyalty; or

 

(f)       If
a court of competent jurisdiction finally determines that any indemnification hereunder is unlawful. In this respect, the Company
and the Indemnitee have been advised that the Securities and Exchange Commission takes the position that indemnification for liabilities
arising under securities laws is against public policy and is, therefore, unenforceable;

 

(g)       To
indemnify the Indemnitee in connection with Indemnitee’s personal tax matter; or

 

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(h)       To
indemnify the Indemnitee with respect to any claim related to any dispute or breach arising under any contract or similar obligation
between the Company or any of its subsidiaries or affiliates and such Indemnitee.

 

10.         Continuation
of Indemnification. All agreements and obligations of the Company contained herein shall continue during the period that the
Indemnitee is a director or officer of the Company (or is or was serving at the request of the Company as an agent of another enterprise,
foreign or domestic) and shall continue thereafter so long as the Indemnitee shall be subject to any possible Proceeding by reason
of the fact that the Indemnitee was a director or officer of the Company or serving in any other capacity referred to in this Paragraph
10.

 

11.         Indemnification
Hereunder Not Exclusive. The indemnification provided by this Agreement shall not be deemed to be exclusive of any other rights
to which the Indemnitee may be entitled under the Company’s Articles, any agreement, vote of shareholders or vote of Disinterested
Directors, provisions of applicable law, or otherwise, both as to action or omission in the Indemnitee’s official capacity
and as to action or omission in another capacity on behalf of the Company while holding such office.

 

12.         Successors
and Assigns.

 

(a)       This
Agreement shall be binding upon the Indemnitee, and shall inure to the benefit of, the Indemnitee and the Indemnitee’s heirs,
executors, administrators and assigns, whether or not the Indemnitee has ceased to be a director or officer, and the Company and
its successors and assigns. Upon the sale of all or substantially all of the business, assets or share capital of the Company to,
or upon the merger of the Company into or with, any corporation, partnership, joint venture, trust or other person, this Agreement
shall inure to the benefit of and be binding upon both the Indemnitee and such purchaser or successor person. Subject to the foregoing,
this Agreement may not be assigned by either party without the prior written consent of the other party hereto.

 

(b)       If
the Indemnitee is deceased and is entitled to indemnification under any provision of this Agreement, the Company shall indemnity
the Indemnitee’s estate and the Indemnitee’s spouse, heirs, executors, administrators and assigns against, and the
Company shall, and does hereby agree to assume, any and all Expenses actually and reasonably incurred by or for the Indemnitee
or the Indemnitee’s estate, in connection with the investigation, defense, appeal or settlement of any Proceeding. Further,
when requested in writing by the spouse of the Indemnitee, and/or the Indemnitee’s heirs, executors, administrators and assigns,
the Company shall provide appropriate evidence of the Company’s agreement set out herein to indemnify the Indemnitee against
and to itself assume such Expenses.

 

13.        Subrogation.
In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights
of recovery of the Indemnitee, who shall execute all documents required and shall do all acts that may be necessary to secure such
rights and to enable the Company effectively to bring suit to enforce such rights.

 

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14.         Severability.
Each and every paragraph, sentence, term and provision of this Agreement is separate and distinct so that if any paragraph, sentence,
term or provision thereof shall be held to be invalid, unlawful or unenforceable for any reason, such invalidity, unlawfulness
or unenforceability shall not affect the validity, unlawfulness or enforceability of any other paragraph, sentence, term or provision
hereof. To the extent required, any paragraph, sentence, term or provision of this Agreement may be modified by a court of competent
jurisdiction to preserve its validity and to provide the Indemnitee with the broadest possible indemnification permitted under
applicable law. The Company’s inability, pursuant to a court order or decision, to perform its obligations under this Agreement
shall not constitute a breach of this Agreement.

 

15.        Savings
Clause. If this Agreement or any paragraph, sentence, term or provision hereof is invalidated on any ground by any court of
competent jurisdiction, the Company shall nevertheless indemnify the Indemnitee as to any Expenses, judgments, fines, interest
or penalties, which are incurred with respect to any Proceeding to the fullest extent permitted by any (a) applicable paragraph,
sentence, term or provision of this Agreement that has not been invalidated or (b) applicable law.

 

16.        Interpretation;
Governing Law. This Agreement shall be construed as a whole and in accordance with its fair meaning and any ambiguities shall
not be construed for or against either party. Headings are for convenience only and shall not be used in construing meaning. This
Agreement shall be governed and interpreted in accordance with the laws of the State of New York.

 

17.        Amendments.
No amendment, waiver, modification, termination or cancellation of this Agreement shall be effective unless in writing signed by
the party against whom enforcement is sought. The indemnification rights afforded to the Indemnitee hereby are contract rights
and may not be diminished, eliminated or otherwise affected by amendments to the policies, of the Company.

 

18.        Counterparts.
This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement and shall
become effective when one or more counterparts have been signed by each party and delivered to the other.

 

19.        Notices.
Any notice required to be given under this Agreement shall be directed to the Chief Financial Officer of the Company at 50/F, West
Building, Fortune Finance Center, No. 33 Jiefang East Road, Jianggan District, Hangzhou, Zhejiang Province, The People’s
Republic of China, and to the Indemnitee at                       
or to such other address as either shall designate to the other in writing.

 

[The remainder of this page is intentionally
left blank.]

 

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IN WITNESS WHEREOF, the parties have executed
this Indemnification Agreement as of the date first written above.

 

	INDEMNITEE	 
	 	 	 
	 	
        

        

         
	 
	Name:	 
	 	 	 
	Weidai Ltd.		 

 

	By:	 	 
	Name:	 
	Title:	 

 

[Signature Page to Indemnification Agreement]Exhibit 10.2

 

WEIDAI LTD.

DIRECTOR AGREEMENT

 

This Director Agreement (the “Agreement”)
is made and entered into as of _______________, 2018, by and between Weidai Ltd., a Cayman Islands company (the “Company”
), and ___________________ ([Passport/ID] Number _________________) (“Director”).

 

		I.	SERVICES

 

1.1       Board
of Directors. Director is appointed as a member of the Company’s Board of Directors (the “Board”),
effective upon [the date of this agreement]/[the declaration by the United States Securities and Exchange Commission of the effectiveness
of the Company’s registration statement on Form F-1 as to the Company’s initial public offering] (the “Effective
Date”), until the earlier of the date on which Director ceases to be a member of the Board for any reason or the date
of termination of this Agreement in accordance with Section 5.2 hereof (such earlier date being the “Expiration Date”).

 

1.2       Director
Services. Director’s services to the Company hereunder shall include service on the Board and service on the _____________________________
committee of the Board in accordance with applicable law and stock exchange rules and the memorandum and articles of association
of the Company, and such other services mutually agreed to by Director and the Company (the “Director Services”).

 

		II.	COMPENSATION

 

2.1       Expense
Reimbursement. The Company shall reimburse Director for all reasonable travel and other out-of-pocket expenses incurred in
connection with the Director Services rendered by Director.

 

2.2       Director
Compensation. The Company agrees to pay Director an annual retainer of US$[·] (the “Annual Retainer”),
payable in arrears, in equal installments quarterly. In the event Director ceases to serve on the Board, Director shall be entitled
to the pro rata portion of the Annual Retainer for the number of months he has served on the Board in a given year.

 

2.3       Equity
Compensation. Director is entitled to participate in the Company’s 2018 Share Incentive Plan (the “Plan”).
The Company agrees to grant [·] [type of ESOP award] (the “Award”) to Director pursuant to the terms
of the [name of award agreement] to be entered by and between the Company and Director (the “Award Agreement”).
The Award shall in all respects be subject to the terms and conditions of the Plan and the Award Agreement.

 

2.4       Director
and Officer Liability Insurance. The Company agrees to purchase, prior to the Effective Date, a policy of insurance with a
reputable insurance company providing Director with coverage for losses incurred in lawsuits or other legal proceedings brought
against Director in connection with Director Services.

  

2.5       No
Other Compensation. Except for the compensation provided in this Section II, Director shall not be entitled to any other compensation,
whether in cash or in kind, for the Director Services.

 

    	 		 

     

    

 

		III.	DUTIES OF DIRECTOR

 

3.1       Fiduciary
Duties. In fulfilling his/her responsibilities, Director shall be charged with a fiduciary duty to the Company. Director shall
be attentive and inform himself/herself of all material facts regarding a decision before taking action. In addition, Director’s
actions shall be motivated solely by the best interests of the Company.

 

3.2       Confidentiality.
During the Term of this Agreement, and for a period of one (1) year after the Expiration Date, Director shall maintain in strict
confidence all information he/she has obtained or shall obtain from the Company that the Company has designated as confidential
or that is by its nature confidential, relating to the Company s business, operations, properties, assets, services, condition
(financial or otherwise), liabilities, employee relations, customers (including customer usage statistics), suppliers, prospects,
technology, or trade secrets, except to the extent such information (i) is in the public domain through no act or omission of the
Director, (ii) is required to be disclosed by law or a valid order by a court or other governmental body, or (iii) is independently
learned by Director outside of this relationship (the “Confidential Information”).

 

3.3       Nondisclosure
and Nonuse Obligations. Director will use the Confidential Information solely to perform the Director Services for the benefit
of the Company. Director will treat all Confidential Information of the Company with the same degree of care as Director treats
his/her own confidential information, and Director will use his/her best efforts to protect the Confidential Information. Director
will not use the Confidential Information for his/her own benefit or the benefit of any other person or entity, except as may be
specifically permitted in this Agreement. Director will immediately give notice to the Company of any unauthorized use or disclosure
by or through him/her, or of which he/she becomes aware, of the Confidential Information. Director agrees to assist the Company
in remedying any such unauthorized use or disclosure of the Confidential Information.

 

3.4       Return
of The Company Property. All materials furnished to Director by the Company, whether delivered to Director by the Company or
made by Director in the performance of any Director Services under this Agreement (the “Company Property”),
are the sole and exclusive property of the Company. Director agrees to promptly deliver the original and any copies of the Company
Property to the Company at any time upon the Company’s request. Upon termination of this Agreement by either party for any
reason, Director agrees to promptly deliver to the Company or destroy, at the Company s option, the original and any copies of
the Company Property. Director agrees to certify in writing that Director has so returned or destroyed all such Company Property.

 

		IV.	COVENANTS OF DIRECTOR

 

4.1       No
Conflict of Interest. During the Term of this Agreement, and for a period of one (1) year after the Expiration Date, Director
shall not be employed by, own, manage, control or participate in the ownership, management, operation or control of any business
entity that is competitive with the Company or otherwise undertake any obligation inconsistent with the terms hereof, provided
that Director may continue his current affiliation or other current relationships with the entity or entities described on Exhibit
A (all of which entities are referred to collectively as “Current Affiliations”). This Agreement is subject
to the current terms and agreements governing Director s relationship with Current Affiliations, and nothing in this Agreement
is intended to be or will be construed to inhibit or limit any of Director s obligations to Current Affiliations. Director represents
that nothing in this Agreement conflicts with Director s obligations to Current Affiliations. A business entity shall be deemed
to be competitive with the Company for purpose of this Article IV only if and to the extent it engages in the business substantially
similar to the Company s business.

 

    	 	2	 

     

    

 

4.2       Noninterference
with Business. During the Term of this Agreement, and for a period of one (1) year after the Expiration Date, Director agrees
not to interfere with the business of the Company in any manner. By way of example and not of limitation, Director agrees not to
solicit or induce any employee, independent contractor, customer or supplier of the Company to terminate or breach his/her/its
employment, contractual or other relationship with the Company.

 

		V.	TERM AND TERMINATION

 

5.1       Term.
This Agreement is effective as of the Effective Date and will continue until the Expiration Date (the “Term”).

 

5.2       Termination.
Either party may terminate this Agreement at any time upon thirty (30) days prior written notice to the other party, or such shorter
period as the parties may agree upon.

 

5.3       Survival.
The rights and obligations contained in Articles III and IV will survive any termination or expiration of this Agreement.

 

		VI.	MISCELLANEOUS

 

6.1       Assignment.
Except as expressly permitted by this Agreement, neither party shall assign, delegate, or otherwise transfer any of its rights
or obligations under this Agreement without the prior written consent of the other party. Subject to the foregoing, this Agreement
will be binding upon and inure to the benefit of the parties hereto and their respective heirs, legal representatives, successors
and assigns.

 

6.2       No
Waiver. The failure of any party to insist upon the strict observance and performance of the terms of this Agreement shall
not be deemed a waiver of other obligations hereunder, nor shall it be considered a future or continuing waiver of the same terms.

 

6.1       Notices.
Any notice required or permitted by this Agreement shall be in writing and shall be delivered as follows with notice deemed given
as indicated: (i) by personal delivery when delivered personally; (ii) by overnight courier upon written verification of receipt;
(iii) by facsimile transmission upon acknowledgment of receipt of electronic transmission; or (iv) by certified or registered mail,
return receipt requested, upon verification of receipt. Notice shall be sent to the Company at 50/F, West Building, Fortune Finance
Center, No. 33 Jiefang East Road, Jianggan District, Hangzhou, Zhejiang Province, The People’s Republic of China, and to
the Director at_____________________________ or to such other address as either party may designate to the other in writing.

 

    	 	3	 

     

    

 

6.2       Governing
Law. This Agreement shall be governed in all respects by the laws of the State of New York.

 

6.3       Severability.
Should any provisions of this Agreement be held by a court of law to be illegal, invalid or unenforceable, the legality, validity
and enforceability of the remaining provisions of this Agreement shall not be affected or impaired thereby.

 

6.4       Entire
Agreement. This Agreement constitutes the entire agreement between the parties relating to this subject matter and supersedes
all prior or contemporaneous oral or written agreements concerning such subject matter. The terms of this Agreement will govern
all Director Services undertaken by Director for the Company.

 

6.5       Amendments.
This Agreement may only be amended, modified or changed by an agreement signed by the Company and Director. The terms contained
herein may not be altered, supplemented or interpreted by any course of dealing or practices.

 

6.6       Counterparts.
This Agreement may be executed in two counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.

 

[Signature page to follow]

 

    	 	4	 

     

    

 

IN WITNESS WHEREOF, the parties have
executed this Agreement as of the date first

written above.

 

	COMPANY:	Weidai Ltd.
	Address:	a Cayman Islands exempted company
	50/F, West Building, Fortune Finance Center	 
	No. 33 Jiefang East Road	 
	Jianggan District, Hangzhou	 
	Zhejiang Province	 
	The People’s Republic of China	By:	 
	 	Name:	 
	 	Title:	 
	 	 
	DIRECTOR:	 
	Address:	 
	 	
  
	 	Name:

 

[Signature Page to Director Agreement]

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