Document:

EX-10.10

 Exhibit 10.10 

EQUITY PLEDGE AGREEMENT 
 This Equity
Pledge Agreement (this “Agreement”) is made on June 30, 2017 in Shanghai, the People’s Republic of China (the “PRC”) by and among the following parties (the “Parties”): 

Party A: Shanghai Guangjian Information Technology Co., Ltd. (the “Pledgee”) 

Registered Address: Room 23306-23308, Building 14, 498 Guo Shou Jing Road, China (Shanghai) Pilot Free Trade Zone 

Legal Representative: ZHANG Jun 
 Party B: (the
“Pledgors”) 
 Name: GU Shaofeng 
 ID Card No.:
****************** 
 Domicile: ***, Pudong New Area, Shanghai 

Name: HU Honghui 
 ID Card No.: ****************** 

Domicile: ***, Zhabei District, Shanghai 
 Name: LI Tiezheng 

ID Card No.: ****************** 
 Registered Address: ***, Minhang
District, Shanghai 
 Name: LUO Wei 
 ID Card No.:
****************** 
 Domicile: ***, Chaoyang District, Beijing 

Name: ZHANG Jun 
 ID Card No.: ****************** 

Domicile: ***, Putuo District, Shanghai 
 Party C: Beijing
Paipairongxin Investment Consulting Co., Ltd. 
 Registered Address: Room 6339, Floor 6, Haiyu Shangmao Building, 46 Fucheng Road, Haidian District, Beijing

 Legal Representative: GU Shaofeng 
 Party D: Beijing
Prosper Investment Consulting Co., Ltd. 
 Registered Address: Room 1622A, Building 3, 3 Xi Jing Road, Badachu High-tech Park, Shijingshan District, Beijing

 Legal Representative: GU Shaofeng 
 WHEREAS:

  

	1.	The Pledgee is a wholly foreign-owned enterprise duly incorporated and validly existing under the PRC laws. Shanghai Shanghu Information Technology Co., Ltd. is a limited liability company duly incorporated and validly
existing under the PRC laws and a wholly-owned subsidiary of the Pledgee. 

	2.	Party C is a limited liability company duly incorporated and validly existing under the PRC laws. Shanghai PPDai Financial Information Service Co., Ltd. is a limited liability company duly incorporated and validly
existing under the PRC laws and a wholly-owned subsidiary of the Party C. 

  

	3.	Party D is a wholly foreign-owned enterprise duly incorporated and validly existing under the PRC laws. 

  

	4.	Each of the Pledgors is a shareholder of Party C, with GU Shaofeng, HU Honghui, LI Tiezheng, LUO Wei and ZHANG Jun holding 59.37%, 11.26%, 4.21%, 13.58% and 11.58%, respectively, of the equity interests of Party C;

  

	5.	The Pledgee, Shanghai Shanghu Information Technology Co., Ltd., Shanghai PPDai Financial Information Service Co., Ltd., Party C and Party D have entered into a certain Exclusive Technology Consulting and Service
Agreement dated June 30, 2017; the Pledgee, Shanghai Shanghu Information Technology Co., Ltd., the Pledgors, Party C and Party D have entered into a certain Business Operation Agreement dated June 30, 2017; and the Pledgee, the Pledgors,
Party C and Party D have entered into a certain Option Agreement dated June 30, 2017; 

  

	6.	In order to ensure the Pledgee and Shanghai Shanghu Information Technology Co., Ltd. receive payment of the service fees from Shanghai PPDai Financial Information Service Co., Ltd. and Party C under the Exclusive
Technology Consulting and Service Agreement and performance of the Agreements (defined below), the Pledgors pledge, jointly and severally, all of their equity interests in Party C as security for the performance of the foregoing agreements in favor
of Party A; and 

  

	7.	The Parties have entered into a certain Equity Pledge Agreement dated January 23, 2014 (the “Original Agreement”). The Parties have agreed through negotiations that this Agreement, upon signature by the
Parties, shall supersede the Original Agreement in respect of pledge of equity interests provided hereunder. The original agreement shall cease to have any effect hereafter. 

NOW, THEREFORE, based on amicable negotiations and the principles of equality and mutual benefits, the Parties hereby agree as follows: 

 

	1.	Definition 

 Unless otherwise provided in this Agreement: 

 

	 	1.1	“Pledge” refers to all contents in the provisions under Section 2 hereof. 

  

	 	1.2	“Equity Interest” means the 100% equity interests in Party C jointly and legally held by the Pledgors, and any and all existing and potential rights and interests in or to such equity interests.

  
 2 

	 	1.3	“Agreements” means the Exclusive Technology Consulting and Service Agreement dated June 30, 2017 made by and among the Pledgee, Shanghai Shanghu Information Technology Co., Ltd., Shanghai PPDai Financial
Information Service Co., Ltd., Party C and Party D; the Business Operation Agreement dated June 30, 2017 made by and among the Pledgee, Shanghai Shanghu Information Technology Co., Ltd., the Pledgors, Party C and Party D; and the Option
Agreement dated June 30, 2017 made by and among the Pledgee, the Pledgors, Party C and Party D. 

  

	 	1.4	“Event of Default” means any of the events set forth in Section 7 hereof. 

  

	 	1.5	“Default Notice” means any notice given by the Pledgee announcing the Event of Default. 

  

	2.	Pledge 

  

	 	2.1	The Pledgors shall pledge all their Equity Interests in Party C as well as any dividend and bonus accrued thereupon during the term of this Agreement to the Pledgee as security for the rights and interests of the
Pledgee under the Agreements. 

  

	 	2.2	The scope of security covered by pledging the Equity interest under this Agreement shall be all fees (including legal fees), costs and losses payable to the Pledgee and/or Shanghai Shanghu Information Technology Co.,
Ltd. by Shanghai PPDai Financial Information Service Co., Ltd., Party C and/or the Pledgors under the Agreements, interests, damages, indemnities and costs for enforcement of creditor’s rights, as well as any obligation of Shanghai PPDai
Financial Information Service Co., Ltd., Party C and/or the Pledgors which will be held liable to the Pledgee and/or Shanghai Shanghu Information Technology Co., Ltd in the event that the whole or any part of the Agreements is invalid due to any
reason. 

  

	 	2.3	The Pledge contemplated hereunder shall mean the right of preferential repayment entitled to the Pledgee from any amount derived from disposition, auction or sale of the Equity Interest pledged to the Pledgee by the
Pledgors. 

  

	 	2.4	Unless otherwise expressly agreed by the Pledgee in writing, after this Agreement comes into effect, the Pledge contemplated hereunder may not be released unless and until Shanghai PPDai Financial Information Service
Co., Ltd., Party C and the Pledgors have duly performed all of their obligations under the Agreements and the Pledgee acknowledges such performance in writing. If Shanghai PPDai Financial Information Service Co., Ltd., Party C or the Pledgors fails
to fully perform all or any part of their obligations under the Agreements within of the term set out in each of the applicable Agreements, the Pledgee will remain entitled to the Pledge contemplated hereunder unless and until the obligations and
duties referred to above have been fully performed in a way reasonably satisfactory to the Pledgee. 

  
 3 

	3.	Termination of the Original Agreement and Effectiveness of this Agreement 

  

	 	3.1	This Agreement shall be formed and effective as of the date on which it is signed and affixed with the seal by the Parties. The Original Agreement shall be replaced by this Agreement in its entirety. Any matter
regarding Pledge of the Equity Interest shall be governed by this Agreement. The Original Agreement shall be terminated upon signature of this Agreement and the pledge created under the Original Agreement shall become null and void immediately.

  

	 	3.2	After this Agreement becomes effective, each of the Parties shall cooperate to cancel the registration of the pledge created under the Original Agreement and complete registration of the Pledge created hereunder. The
Pledge created hereunder shall be created and effective as of the date on which registration of the Pledge with the industrial and commercial authority having jurisdiction over Party C is completed. 

 

	 	3.2	During the term of this Agreement, if Shanghai PPDai Financial Information Service Co., Ltd. or Party C fails to pay the service fee or to perform any other obligations under the Exclusive Technology Consulting and
Service Agreement, or Shanghai PPDai Financial Information Service Co., Ltd. or Party C and/or the Pledgors fails to perform any of its obligations under each of the applicable Agreements, the Pledgee, after giving reasonable notice, shall have the
right to exercise the Pledge in accordance with the provisions of this Agreement. 

  

	4.	Possession and Custody of the Pledge Certificate; Registration of the Pledge 

  

	 	4.1	Within ten (10) business days from the date on which this Agreement is signed or at any other time mutually agreed by the Parties, the Pledgors shall deliver the original capital contribution certificate for its
Equity Interest in Party C into the Pledgee’s custody, provide the Pledgee with the proof evidencing that the Pledge contemplated hereunder has been duly registered in Party C’s register of members, and effect all approval and registration
procedures required by laws and regulations of the PRC (including without limitation the procedures for the registration of pledge of equity interest under laws of the PRC and required by the industrial and commercial authority having jurisdiction
over Party C). 

  

	 	4.2	In the event that change of registration is required by law as a result of the change of the Pledge, the Pledgee and the Pledgors shall effect such change of registration within five (5) business days from
occurrence of such change, and submit documents relating to such change of registration, and effect relevant change of registration procedures with the industrial and commercial authority having jurisdiction over Party C. 

 

	 	4.3	As long as the Equity Interest is under Pledge, the Pledgors shall instruct Party C not to distribute any dividend, bonus or adopt any profit distribution plan. If the Pledgors receive economic benefit of any type
derived from the pledged Equity Interest other than dividend, bonus or other profit distribution plan, the Pledgors shall instruct Party C to directly transfer any amount (after converting to cash) to the bank account designated by the Pledgee at
the request of the Pledgee. The Pledgors shall not use such amount without the Pledgee’s prior written consent. 

  
 4 

	 	4.4	As long as the Equity Interest is under Pledge, if the Pledgors subscribe for any new registered capital of Party C or acquire any Equity Interest in Party C held by any other Pledgor (the “Additional Equity
Interest”), such Additional Equity Interest shall automatically become the Equity Interest pledged hereunder, and the Pledgors shall complete all procedures required to create Pledge over the Additional Equity Interest within ten
(10) business days from their acquisition of the Additional Equity Interest. If the Pledgors fail to complete relevant procedures in accordance with the above, the Pledgee may immediately foreclose on the Pledge pursuant to Section 8 of
this Agreement. 

  

	5.	Representations and Warranties of the Pledgors 

 The Pledgors represent and warrant to
the Pledgee as follows when executing this Agreement and acknowledge that the Pledgee execute this Agreement and perform the obligations hereunder in reliance on such representations and warranties: 

 

	 	5.1	The Pledgors are legal holders of the Equity Interest contemplated hereunder and have the right to pledge such Equity Interest to the Pledgee as security. 

 

	 	5.2	At any time between the execution date of Agreement and the date on which the Pledgee is entitled to the rights of the Pledge in accordance with Section 2.4 hereof, no legal claim or proper intervention shall be
made by any other party once the Pledgee exercises its rights or forecloses on the Pledge in accordance with this Agreement. 

  

	 	5.3	The Pledgee is entitled to exercise its rights under the Pledge in compliance with the laws and regulations and this Agreement. 

  

	 	5.4	All necessary corporate authorizations have been obtained and no laws and regulations are violated for the execution of this Agreement by the Pledgors and their performance of obligations hereunder, and the authorized
signatories hereof have been legally and duly authorized. 

  

	 	5.5	The Equity Interest held by the Pledgors, other than the Pledge contemplated hereunder, is not subject to any other encumbrance or any third party security interest (including but not limited to pledge).

  

	 	5.6	There is no pending or potential civil, administrative or criminal lawsuit, administrative penalty or arbitration in respect of the Equity Interest. 

 

	 	5.7	There is no unpaid tax or fees payable or any uncompleted legal or non-legal procedures which should have been completed in respect of the Equity Interest. 

 

	 	5.8	The terms and conditions hereunder are expression of the Pledgors’ true intent and are legally binding on the Pledgors. 

  
 5 

	6.	Pledgors’ Undertaking 

  

	 	6.1	During the term of this Agreement, the Pledgors undertake to the Pledgee that the Pledgors shall: 

  

	 	6.1.1	other than transfer the Equity Interest to the Pledgee or its designated person at the request of the Pledgee, not, without the Pledgee’s prior written consent and before the full performance of the Pledgors’
obligation under the Agreements, transfer the Equity Interest or create or allow the existence of any pledge or other encumbrance or any type of third party security interest which may affect the rights and interests of the Pledgee. Without the
Pledgee’s prior written consent, the Pledgors shall not take any action which will or may give rise to any change to the Equity Interest or the right attached thereto and such change would or could have material adverse effect upon the
Pledgee’s right under this Agreement. 

  

	 	6.1.2	comply with and implement all applicable laws and regulations and upon receipt of any notice, instruction or recommendation from any competent authority in respect of the Pledge, produce such notice, instruction or
recommendation to the Pledgee within five (5) business days and act in accordance with the reasonable instructions of the Pledgee. 

  

	 	6.1.3	promptly notify the Pledgee of occurrence of any event or receipt of any notice which may affect the Equity Interest of the Pledgors or any other right under this Agreement, or may change any of the Pledgors’
obligations hereunder or affect the Pledgors’ performance of their obligations hereunder, and shall act in accordance with the reasonable instructions of the Pledgee. 

 

	 	6.2	The Pledgors agree that they shall ensure that the Pledgee’s exercise of its rights in accordance with terms of this Agreement will not be interrupted or interfered with by the Pledgors, their successors, assigns,
or any other person. 

  

	 	6.3	The Pledgors guarantee the Pledgee that in order to protect or improve the security of the Pledgors’ and/or Party C’s performance of the obligations under the Agreements, the Pledgors shall make all necessary
amendments (if applicable) to the articles of association of Party C, execute in good faith and procure any other party interested in the Pledge to execute all certificates and deeds required by the Pledgee, and/or take and procure such other
interested party to take all actions reasonably required by the Pledgee, and facilitate the Pledgee’s exercise of its rights under the Pledge, and execute all documents relating to change of the Equity Interest with the Pledgee or any third
party designated by the Pledgee, and provide the Pledgee with all documents in respect of the Pledge required by the Pledgee within a reasonable period of time. 

  
 6 

	 	6.4	The Pledgors guarantee to the Pledgee that, for the benefits of the Pledgee, the Pledgors shall comply with and perform all of their warranties, undertakings, agreements and representations. If the Pledgors fail to
perform or to fully perform their warranties, undertakings, agreements and representations, the Pledgors shall compensate the Pledgee for all losses incurred by the Pledgee as a result of such nonperformance. 

 

	7.	Event of Default 

  

	 	7.1	An Event of Default shall be deemed to have occurred if: 

  

	 	7.1.1	Shanghai PPDai Financial Information Service Co., Ltd., or Party C or their respective successor or assign fails to make full payment for any amount due and payable under the Agreements, or the Pledgors or their
successors or assigns fail to perform their obligations under the Agreements; 

  

	 	7.1.2	Any of the representations, warranties or undertakings made by the Pledgors under Sections 5 and 6 hereof is materially misleading or erroneous, and/or the Pledgors are in breach of their representations, warranties or
undertakings under Sections 5 and 6 hereof; 

  

	 	7.1.3	The Pledgors or Party C breaches any provision of this Agreement; 

  

	 	7.1.4	Other than provided under Section 6.1.1 hereof, the Pledgors transfer or dispose of the pledged Equity Interest without written consent of the Pledgee; 

 

	 	7.1.5	the Pledgors are required to repay or perform in advance or unable to repay or perform on time any of their loans, securities, indemnifications, undertakings or other debts or liabilities to any third party, which gives
rise to the Pledgee’s reasonable belief that the Pledgors’ ability to perform their obligations hereunder has been affected and as a result of which the Pledgee’s interests are affected; 

 

	 	7.1.6	The Pledgors are unable to repay ordinary debt or other indebtedness, and such inability to repay has affected the Pledgee’s interests; 

 

	 	7.1.7	This Agreement becomes illegal or the Pledgors are unable to continue to perform their obligations hereunder due to promulgation of any applicable law; 

 

	 	7.1.8	Any governmental consent, permit, approval or authorization required for the legality, effectiveness or enforceability of this Agreement is revoked, suspended, expired or materially changed; 

 

	 	7.1.9	The Pledgee is in the belief that the Pledgors’ ability to perform their obligations hereunder has been affected as a result of the adverse change to the properties owned by the Pledgors; and 

  
 7 

	 	7.1.10	Other circumstances where the Pledgee is unable to exercise or dispose of its rights under the Pledge pursuant to applicable laws. 

  

	 	7.2	The Pledgors and/or Party C shall promptly notify the Pledgee in writing, if the Pledgors and/or Party C is or becomes aware of an occurrence or potential occurrence of any of the events described under Section 7.1
or any event which may give rise to the events described under Section 7.1. 

  

	 	7.3	Unless any Event of Default set out in Section 7.1 has been resolved to the satisfaction of the Pledgee, the Pledgee may give a written Default Notice to the Shanghai PPDai Financial Information Service Co., Ltd.,
Party C and/or the Pledgors upon or after occurrence of such Event of Default requesting Shanghai PPDai Financial Information Service Co., Ltd., Party C and/or the Pledgors to pay immediately any amount due and payable under the Exclusive Technology
Consulting and Service Agreement or any other amount payable, or promptly perform their obligations under each of the Applicable Agreements. If Shanghai PPDai Financial Information Service Co., Ltd., Party C and/or the Pledgors fails to promptly
cure its breach or make any necessary remedy within ten (10) days from the date on which such written notice is given, the Pledgee may enforce the Pledge pursuant to Section 8 hereof. 

 

	8.	Enforcement of the Pledge 

  

	 	8.1	The Pledgee shall give Default Notice to the Pledgors pursuant to Section 7.3 hereof upon enforcing the Pledge. 

  

	 	8.2	Subject to Section 7.3, the Pledgee may enforce the Pledge at any time after giving the Default Notice under Section 7.3. 

  

	 	8.3	The Pledgee shall be entitled to preferential repayment from any amount derived from the disposal, auction or sale of all or any part of the Equity Interest pursuant to procedures under applicable law until the service
fees and any other amount due and payable under the Agreements have been fully repaid and any other obligations thereunder have been fully performed. 

  

	 	8.4	When the Pledgee enforce the Pledge pursuant to this Agreement, the Pledgors and/or Party C shall not impose any obstacle and shall provide support necessary for the Pledgee to enforce the Pledge. 

 

	9.	Assignment 

  

	 	9.1	Unless with express prior written consent of the Pledgee, the Pledgors have no right to assign any of their rights and/or obligations hereunder to any third party. 

 

	 	9.2	This Agreement is binding upon the Pledgors and their successors, and is effective to the Pledgee and its successors or assignees. 

  
 8 

	 	9.3	The Pledgee may at any time assign all or any of its rights and obligations under the Agreements to any third party designated by it, under which circumstance the assignee shall have the Pledgee’s rights and
obligations hereunder. When the Pledgee assigns its rights and obligations under the Agreements, at the request of the Pledgee, the Pledgors shall execute relevant agreements and/or documents in connection with such assignment. 

 

	 	9.4	If the Pledgee is changed as a result of the assignment contemplated under Section 9.3, the parties to the new pledge shall enter into a new pledge agreement and the Pledgors shall be responsible to effect all
relevant registration procedures. 

  

	10.	Handling Fee and Other Expenses 

 All fees and out-of-pocket expenses relating to this
Agreement, including but not limited to legal fees, printing costs, stamp tax and any other taxes and expenses, shall be borne equally by the Pledgee and Party C. 
  

	11.	Force Majeure 

  

	 	11.1	“Force Majeure Event” shall mean any event which is beyond the reasonable control of a Party and unavoidable even with reasonable care of the affected Party, including but not limited to any government act,
acts of God, fire, explosion, storm, flood, earthquake, tide, lightning or war; provided however that, deficiency of credit, fund or financing shall not be deemed as an event beyond the reasonable control of a Party. The Party affected by the Force
Majeure Event (the “Affected Party”) shall be relieved from all or any of its obligations under this Agreement taking into account of the impact of such event upon this Agreement, and the Affected Party seeking relief of its
obligations under this Agreement due to occurrence of such event shall notify the other Party of such event within ten (10) days upon occurrence thereof, and the Parties hereto shall amend this Agreement taking into account of the impact of
such event and relieve all or any of the obligations of the Affected Party under this Agreement. 

  

	 	11.2	The Affected Party shall take appropriate measures to mitigate the impact of such Force Majeure Event and make efforts to resume performing the obligation the performance of which has been delayed or prevented by such
event. Once the Force Majeure Event is eliminated, the Parties hereto agree to make their best endeavors to resume performance of the rights and obligations under this Agreement. 

 

	12.	Governing Law and Dispute Resolution 

  

	 	12.1	This Agreement shall be governed by and construed in accordance with the laws of the PRC. 

  
 9 

	 	12.2	In case of any dispute arising between the Parties hereto with respect to the interpretation and performance of the terms hereunder, the Parties shall resolve such dispute in good faith through negotiations. If such
negotiations fail, either Party may submit such dispute to Shanghai International Economic and Trade Arbitration Commission for arbitration in accordance with its arbitration rules then in effect. The place of arbitration shall be Shanghai and the
language to be used in the arbitration shall be Chinese. The arbitration award shall be final and binding on the Parties. This Article shall survive the termination or dissolution of this Agreement. 

 

	 	12.3	Except for those matters in dispute, the Parties shall continue to perform their respective obligations under this Agreement in good faith. 

 

	13.	Notice 

 Any notice sent by the Parties hereto for the performance of the rights and
obligations hereunder shall be made in writing and sent by person, registered post, pre-paid post, recognized courier service or facsimile to the following addresses of relevant party or parties. 

If to Party A: Shanghai Guangjian Information Technology Co., Ltd. 

Address: 1/F, Building 8, 498 Guo Shou Jing Road, Pudong New District, Shanghai 

Telephone: 021-51870819 

Attention: ZHANG Jun 
 If to
Party B: 
 GU Shaofeng, LI Tiezheng, HU Honghui, LUO Wei, ZHANG Jun 

Address: 1/F, Building 8, 498 Guo Shou Jing Road, Pudong New District, Shanghai 

Telephone: 021-51870819 

Attention: ZHANG Jun 
 If to
Party C: Beijing Paipairongxin Investment Consulting Co., Ltd. 
 Address: 1/F, Building 8, 498 Guo Shou Jing Road, Pudong New
District, Shanghai 
 Telephone: 021-51870819 

Attention: ZHANG Jun 
 If to
Party D: Beijing Prosper Investment Consulting Co., Ltd. 
 Address: 1/F, Building 8, 498 Guo Shou Jing Road, Pudong New District,
Shanghai 
 Telephone: 021-51870819 

Attention: ZHANG Jun 
  

	14.	Exhibit 

 The exhibit attached hereto shall be an integral part of this Agreement. 

  
 10 

	15.	Waiver 

 Failure to exercise or delay in exercising any right, remedy, power or privilege
hereunder by the Pledgee shall not operate as waiver of such right, remedy, power or privilege. Any specific or partial exercise of any right, remedy, power or privilege by the Pledgee shall not preclude the Pledgee from exercising any other rights,
remedies, powers or privileges. The rights, remedies, powers and privileges set out hereunder are cumulative and shall not preclude applicability of any right, remedy, power and privilege provided under any law. 

 

	16.	Miscellaneous 

  

	 	16.1	Any amendment, supplement or change to this Agreement shall be made in writing and shall be effective only after it has been signed by the Parties and affixed with the seals of the Parties. 

 

	 	16.2	The Parties hereby acknowledge that this Agreement represents fair and reasonable agreements reached by the Parties on the basis of equality and mutual benefits. If any provision under this Agreement is invalid or
unenforceable due to any inconsistency with any applicable law, such provision shall be invalid or unenforceable only to such extent governed by the applicable law and the validity of the other provisions of this Agreement shall not be affected.

  

	 	16.3	This Agreement is written in Chinese in four (4) counterparts, with each of Party A, Party B, Party C and Party C holding one thereof. 

(No text below in this page) 

  
 11 

 (Signature page of the Equity Pledge Agreement) 

Party A: Shanghai Guangjian Information Technology Co., Ltd. (Seal) 

/s/ ZHANG Jun 
 Legal or Authorized Representative 

/s/ Seal of Shanghai Guangjian Information Technology Co., Ltd. 

Party B: 
 /s/ GU Shaofeng 

/s/ LI Tiezheng 
 /s/ HU Honghui 

/s/ LUO Wei 
 /s/ ZHANG Jun 

Party C: Beijing Paipairongxin Investment Consulting Co., Ltd. (Seal) 

/s/ GU Shaofeng 
 Legal or Authorized Representative 

/s/ Seal of Beijing Paipairongxin Investment Consulting Co., Ltd. 

Party D: Beijing Prosper Investment Consulting Co., Ltd. (Seal) 

/s/ GU Shaofeng 
 Legal or Authorized Representative 

/s/ Seal of Beijing Prosper Investment Consulting Co., Ltd. 

  
 12 

 Exhibit 

Register of Shareholders of Party C 

Company name: Beijing Paipairongxin Investment Consulting Co., Ltd. 
  

									
	 Name of shareholder
	  	GU Shaofeng	  	 	ID number	 	  	Occupation
				
	 Residence
	  		  				  	
				
	 Date
	  	Investment amount/price	  	 	Shareholding percentage	 	  	Note
		  	RMB59,370	  	 	59.37%	 	  	100% of the equity interests are pledged in favor of Shanghai Guangjian Information Technology Co., Ltd.
				
	 Name of shareholder
	  	HU Honghui	  	 	ID number	 	  	Occupation
				
	 Residence
	  		  				  	
				
	 Date
	  	Investment amount/price	  	 	Shareholding percentage	 	  	Note
		  	RMB11,260	  	 	11.26%	 	  	100% of the equity interests are pledged in favor of Shanghai Guangjian Information Technology Co., Ltd.
				
	 Name of shareholder
	  	LI Tiezheng	  	 	ID number	 	  	Occupation
				
	 Residence
	  		  				  	
				
	 Date
	  	Investment amount/price	  	 	Shareholding percentage	 	  	Note
		  	RMB4,210	  	 	4.21%	 	  	100% of the equity interests are pledged in favor of Shanghai Guangjian Information Technology Co., Ltd.
				
	 Name of shareholder
	  	LUO Wei	  	 	ID number	 	  	Occupation
				
	 Residence
	  		  				  	
				
	 Date
	  	Investment amount/price	  	 	Shareholding percentage	 	  	Note
		  	RMB13,580	  	 	13.58%	 	  	100% of the equity interests are pledged in favor of Shanghai Guangjian Information Technology Co., Ltd.

  
 13 

									
				
	 Name of shareholder
	  	ZHANG Jun	  	 	ID number	 	  	Occupation
				
	 Residence
	  		  				  	
				
	 Date
	  	Investment amount/price	  	 	Shareholding percentage	 	  	Note
		  	RMB11,580	  	 	11.58%	 	  	100% of the equity interests are pledged in favor of Shanghai Guangjian Information Technology Co., Ltd.

 Notes: 
 This Register of
Shareholders is prepared on reliance of the current articles of association, as amended, of Beijing Paipairongxin Investment Consulting Co., Ltd., as well as the Equity Pledge Agreement dated June 30, 2017 made by and among Beijing
Paipairongxin Investment Consulting Co., Ltd. and its shareholders and Shanghai Guangjian Information Technology Co., Ltd. (the “Pledge Agreement”). 

This Register of Shareholders has one original, and one duplicate copy identical to the original. The original is placed with Beijing Paipairongxin Investment
Consulting Co., Ltd. The duplicate copy, affixed with the seal of Beijing Paipairongxin Investment Consulting Co., Ltd., is placed under custody of Shanghai Guangjian Information Technology Co., Ltd. 

 

	
	Beijing Paipairongxin Investment Consulting Co., Ltd. (Seal)
	/s/ GU Shaofeng
	Legal or Authorized Representative
	/s/ Seal of Beijing Paipairongxin Investment Consulting Co., Ltd.

  
 14EX-10.11

 Exhibit 10.11 

BUSINESS OPERATION AGREEMENT 
 This
Business Operation Agreement (the “Agreement”) is entered into by and among the following parties (the “Parties”) on June 30, 2017 in Shanghai, the People’s Republic of China (the “PRC”):

 Party A-1: Shanghai Guangjian Information Technology Co., Ltd. 

Registered Address: Room 23306-23308, Building 14, 498 Guo Shou Jing Road, China (Shanghai) Pilot Free Trade Zone 

Legal Representative: ZHANG Jun 

Party A-2: Shanghai Shanghu Information Technology Co., Ltd. 

Registered address: Floor 2 (Building 19-G1), No. 20, Lane 999, Dangui Road, Pudong New District, Shanghai 

Legal Representative: HU Honghui 

Party B: Beijing Paipairongxin Investment Consulting Co., Ltd. 

Registered Address: Room 6339, Floor 6, Haiyu Shangmao Building, 46 Fucheng Road, Haidian District, Beijing 

Legal Representative: GU Shaofeng 

Party C: 
 Name: GU
Shaofeng 
 ID Card No.: ****************** 

Domicile: ***, Pudong New Area, Shanghai 

Name: HU Honghui 
 ID Card No.:
****************** 
 Domicile: ***, Zhabei District, Shanghai 

Name: LI Tiezheng 
 ID Card No.:
****************** 
 Registered Address: ***, Minhang District, Shanghai 

Name: LUO Wei 
 ID Card No.:
****************** 
 Domicile: ***, Chaoyang District, Beijing 

Name: ZHANG Jun 
 ID Card No.:
****************** 
 Domicile: ***, Putuo District, Shanghai 

Party D: Beijing Prosper Investment Consulting Co., Ltd. 

Registered Address: Room 1622A, Building 3, 3 Xi Jing Road, Badachu High-tech Park, Shijingshan District, Beijing 

Legal Representative: GU Shaofeng 

 WHEREAS: 
  

	1.	Party A-1 is a wholly foreign-owned enterprise duly incorporated and validly existing in the PRC; Party A-2 is a limited liability company duly incorporated in the PRC and a wholly-owned subsidiary of Party A-1. Party
A-1 and Party A-2 are collectively referred as “Party A”. 

  

	2.	Party B is a limited liability company duly incorporated in the PRC; 

  

	3.	Party D is a wholly foreign-owned enterprise duly incorporated and validly existing in the PRC; 

  

	4.	Party A and Party B have established business relationships by execution of a certain Exclusive Technology Consulting and Service Agreement dated June 30, 2017, and Party B shall pay various amounts to Party A
thereunder, and therefore the daily operating activities of Party B shall have material effect on its ability to pay the corresponding amounts to Party A; 

  

	5.	Each of Party C is a shareholder of Party B, with GU Shaofeng, HU Honghui, LI Tiezheng, LUO Wei and ZHANG Jun holding 59.37%, 11.26%, 4.21%, 13.58% and 11.58%, respectively, of the equity interests of Party B;

  

	6.	Party B, Party C and Party D have entered into a certain Restated Business Operation Agreement (the “Original Agreement”) dated January 23, 2014; and 

 

	7.	The Parties agree as follows through negotiations in respect of the operation and management of Party B’s businesses and this Agreement, upon signature by the Parties, shall supersede the Original Agreement and the
Original Agreement shall cease to have any effect hereafter. 

 NOW, THEREFORE, based on amicable negotiations and the principles of
equality and mutual benefits, the Parties hereby agree as follows:  
  

	1.	Obligations of not engaging in certain activities 

 In order to ensure Party B’s
performance of the various agreements entered into with Party A and of the various obligations to Party A, Party B and Party C hereby acknowledge and agree that, unless with prior written consent from Party A or any other party designated by Party
A, Party B will not engage in any transaction or conduct which may have material adverse effect on its assets, business, personnel, obligations, rights or business operations, including but not limited to the following: 

 

	 	1.1	carry out any activity exceeding its ordinary scope of business or operate its business in a manner which is not consistent with its past practice; 

 

	 	1.2	make any borrowing from any third party or undertake any liability unrelated to its ordinary course of business; 

  

	 	1.3	change or remove any of its directors or replace any member of its senior management; 

  

	 	1.4	sell to any third party or acquire or otherwise dispose of any assets or rights (including but not limited to any intellectual property rights) of an amount exceeding RMB50,000; 

  
 2 

	 	1.5	provide guarantee to any third party or create any encumbrance on its assets (including but not limited to any intellectual property rights); 

 

	 	1.6	amend its articles of association or change its business scope; 

  

	 	1.7	change its ordinary business procedures or modify any material internal rule and policy; 

  

	 	1.8	assign its rights and obligations under this Agreement to any third party; 

  

	 	1.9	make substantial adjustment to its business model, marketing strategies, operation policies or client relations; or 

  

	 	1.10	make bonus or dividend distribution in any manner. 

  

	2.	Operation Management and Personnel Arrangement 

  

	 	2.1	Party B and Party C hereby agree to accept and strictly follow, to the extent permitted by laws and regulations, and local regulations, advices and instructions provided by Party A from time to time regarding
recruitment and termination of its employees, its daily operation management and financial management systems. 

  

	 	2.2	Party B and Party C hereby agree and Party C shall elect or appoint any candidate designated by Party A to serve as director (or executive director) or supervisor of Party B in accordance with the procedures provided
under the laws, regulations and its articles of association, and to procure the director so elected to elect the candidate recommended by Party A to serve as the chairman of its board of directors (if any), and to appoint the personnel designated by
Party A to serve as the general manager, finance director and any other member of senior management of Party B. 

  

	 	2.3	If any such director or member of senior management designated by Party A is no longer employed by Party A for any reason (including without limitation voluntary resignation or termination of employment by Party A),
they shall simultaneously become unqualified to hold any position in Party B. Under such circumstance, Party C shall immediately remove such person from his/her position in Party B and elect or employ any other person designated by Party A to hold
such position. 

  

	 	2.4	For the purpose of Section 2.3 above, Party B and Party C shall go through all necessary internal and external procedures required by laws and regulations, the articles of association and the Agreement to complete
the above removal and employment procedures. 

  

	 	2.5	Party C hereby agrees, upon execution of the Agreement, to sign the power of attorney in the form and substance of the Exhibit attached hereto, pursuant to which Party C shall irrevocably authorize any person designated
by Party A to exercise shareholders’ rights on their behalf and to exercise all voting rights to which the shareholders are entitled at Party B’s shareholders’ meeting in the name of the shareholders of Party B. Party C further agrees
that they will replace the person so designated in such power of attorney at the request of Party A at any time. 

  
 3 

	3.	Other Covenants 

  

	 	3.1	In the event of termination or expiration of any agreement entered into by and between Party A and Party B, Party A shall have the right to decide whether or not to terminate all agreements between Party A and Party B,
including but not limited to the Exclusive Technology Consulting and Service Agreement. 

  

	 	3.2	Considering that Party A and Party B have established a business relationship through the signing of the agreements, including the Exclusive Technology Consulting and Service Agreement, Party B’s daily operating
activities shall have material effect on its ability to pay the corresponding amounts to Party A. Party C agrees that subject to Section 1 of this Agreement, any bonus or dividend distribution or any other income or interests (in any form
whatsoever) received from Party B as Party B’s shareholder, shall be unconditionally paid to Party A or transferred to Party A without consideration, and Party C shall provide all documents or take all necessary actions to effect such payment
or transfer at the request of Party A. 

  

	4.	Termination of the Original Agreement 

 The Parties agree that the Original Agreement
will be replaced by this Agreement in its entirety and all arrangements regarding operation and management of Party B’s business shall be governed by this Agreement. The Original Agreement shall be terminated as of the date of this Agreement.

  

	5.	Entire Agreements and Amendments 

  

	 	5.1	This Agreement and all agreements and/or documents referred to hereby or explicitly included herein shall constitute all agreements of the Parties on the subject matter of this Agreement and supersede all previous oral
and written agreements, contracts, understandings and communications of the Parties on the subject matter hereof. 

  

	 	5.2	Any amendment to this Agreement shall not be valid without written agreement signed by the Parties. Any amendment and supplement to this Agreement duly signed by the Parties shall be an integral part of and have the
same effect as this Agreement. 

  

	6.	Governing Law 

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

  
 4 

	7.	Dispute Resolution 

  

	 	7.1	In case of any dispute arising among the Parties hereto with respect to the interpretation and performance of the terms hereunder, the Parties shall settle such dispute in good faith through negotiations. If such
negotiations fail, any Party may submit such dispute to Shanghai International Economic and Trade Arbitration Commission for arbitration in accordance with its arbitration rules then in effect. The arbitration shall take place in Shanghai and the
language to be used in the arbitration shall be Chinese. The arbitration award shall be final and binding on the Parties. This Section 7.1 shall survive the termination or expiration of this Agreement. 

 

	 	7.2	Except for the matters in dispute, the Parties shall continue to perform their respective obligations in good faith in accordance with the terms of this Agreement. 

 

	8.	Notice 

 All notices given by any Party in connection with the performance of this
Agreement shall be made in writing and delivered in person, or by registered mail, postage prepaid mail, generally accepted courier service or facsimile to the following addresses of the relevant Party or Parties: 

If to Party A-1: Shanghai Guangjian Information Technology Co., Ltd. 

Address: 1/F, Building 8, 498 Guo Shou Jing Road, Pudong New District, Shanghai 

Telephone: 021-51870819 

Attention: ZHANG Jun 
 If to
Party A-2: Shanghai Shanghu Information Technology Co., Ltd. 
 Address: 1/F, Building 8, 498 Guo Shou Jing Road, Pudong New District,
Shanghai 
 Telephone: 021-51870819 

Attention: ZHANG Jun 
 If to
Party B: Beijing Paipairongxin Investment Consulting Co., Ltd. 
 Address: 1/F, Building 8, 498 Guo Shou Jing Road, Pudong New Area,
Shanghai 
 Telephone: 021-51870819 

Attention: ZHANG Jun 
 If to
Party C: 
 GU Shaofeng, LI Tiezheng, HU Honghui, LUO Wei, ZHANG Jun 

Address: 1/F, Building 8, 498 Guo Shou Jing Road, Pudong New Area, Shanghai 

Telephone: 021-51870819 

Attention: ZHANG Jun 
 If to
Party D: Beijing Prosper Investment Consulting Co., Ltd. 
 Address: 1/F, Building 8, 498 Guo Shou Jing Road, Pudong New District,
Shanghai 
 Telephone: 021-51870819 

Attention: ZHANG Jun 

  
 5 

	9.	Effectiveness, Term and Miscellaneous 

  

	 	9.1	Any written consent, recommendation, appointment of Party A referred to in this Agreement and any other decision of Party A which has material effect on Party B’s ordinary course of business shall be made by the
executive director/board of directors of Party A. 

  

	 	9.2	This Agreement is signed by the Parties and shall become effective on the date first set forth above. Unless terminated in advance by Party A, this Agreement shall remain valid until the dissolution of Party B in
accordance with the PRC law. Prior to the expiration of this Agreement, upon request by Party A, the Parties shall extend the term of this Agreement, and enter into a separate business operation agreement or continue to perform this Agreement in
accordance with Party A’s request. 

  

	 	9.3	Neither Party B nor Party C may terminate this Agreement during the term of this Agreement. Party A may terminate this Agreement at any time with written notice to Party B and its shareholders thirty (30) days in
advance. 

  

	 	9.4	The Parties hereby acknowledge that this Agreement is a fair and reasonable agreement by the Parties on the basis of equality and mutual benefits. If any terms and conditions of this Agreement are deemed illegal or
unenforceable under applicable laws, such terms and conditions shall be deemed to have been deleted from this Agreement and cease to have any effect, and the remainder of this Agreement shall continue to be effective as if such terms and conditions
have never been included herein. The Parties shall replace the terms and conditions deemed to have been deleted with legal and valid terms and conditions acceptable to the Parties through negotiations. 

 

	 	9.5	Failure to exercise any right, power or privilege hereunder by any Party shall not operate as waiver of such right, power or privilege by such Party. Any specific or partial exercise of any right, power or privilege
shall not preclude exercise of any other rights, powers or privileges. 

  

	 	9.6	This Agreement is written in Chinese in four (4) counterparts, , with each of Party A, Party B, Party C and Party C holding one thereof. 

IN WITNESS THEREOF the Parties have caused this Agreement to be duly executed on their behalf by a duly authorized representative as of the date first set
forth above. 
 (No text below in this page) 

  
 6 

 (Signature page of the Business Operation Agreement) 

Party A-1: Shanghai Guangjian Information Technology Co., Ltd. (Seal) 

/s/ ZHANG Jun 
 Legal or Authorized Representative 

/s/ Seal of Shanghai Guangjian Information Technology Co., Ltd. 

Party A-2: Shanghai Shanghu Information Technology Co., Ltd. (Seal) 

/s/ HU Honghui 
 Legal or Authorized Representative 

/s/ Seal of Shanghai Shanghu Information Technology Co., Ltd. 

Party B: Beijing Paipairongxin Investment Consulting Co., Ltd. (Seal) 

/s/ GU Shaofeng 
 Legal or Authorized Representative 

/s/ Seal of Beijing Paipairongxin Investment Consulting Co., Ltd. 

Party C: 
 /s/ GU Shaofeng 

/s/ LI Tiezheng 
 /s/ HU Honghui 

/s/ LUO Wei 
 /s/ ZHANG Jun 

Party D: Beijing Prosper Investment Consulting Co., Ltd. (Seal) 

/s/ GU Shaofeng 
 Legal or Authorized Representative 

/s/ Seal of Beijing Prosper Investment Consulting Co., Ltd. 

  
 7 

 Exhibit 

Irrevocable Power of Attorney 
 Each of the
following parties hereby acknowledges that, for the purpose of performing certain obligations as shareholder (the “Authorizing Person”) of Beijing Paipairongxin Investment Consulting Co., Ltd. (the “Company”), each
Authorizing Person hereby authorizes and executes this irrevocable power of attorney (the “Power of Attorney’): 
 Name: GU Shaofeng 

ID Card No.: ****************** 
 Domicile: ***, Pudong New Area,
Shanghai 
 Name: HU Honghui 
 ID Card No.: ******************

 Domicile: ***, Zhabei District, Shanghai 
 Name: LI Tiezheng

 ID Card No.: ****************** 
 Registered Address: ***,
Minhang District, Shanghai 
 Name: LUO Wei 
 ID Card No.:
****************** 
 Domicile: No. 2, A-14 Jiu Xian Qiao Road, Chaoyang District, Beijing 

Name: ZHANG Jun 
 ID Card No.: ****************** 

Domicile: ***, Putuo District, Shanghai 
 (Collectively, the
“Authorizing Persons”) 
 Each of the Authorizing Persons hereby irrevocably authorizes, to the maximum extent permitted by law, Beijing
Prosper Investment Consulting Co., Ltd. (the “WFOE”) or any person or authorized representative designated by the WFOE (the “Authorized Person’) with full power and authority to exercise on behalf of the Authorizing
Person all shareholder’s rights entitled to the Authorizing Person in connection with his/her holding of the Company’s voting shares (the “Equity”), including without limitation (1) to propose convention of shareholders
meeting and receive any notice regarding convention of shareholders meeting and procedures thereof; (2) to attend shareholders meeting of the Company and sign relevant resolutions on behalf of the Authorizing Person; (3) to exercise all
shareholder’s rights entitled to the Authorizing Person under the law and the articles of association of the Company, including without limitation voting right, the right to sell, transfer, pledge or dispose of all or any part of the Equity
held by the Authorizing Person and the right to decide matters regarding, among others, dividend distribution; and (4) to designate and appoint, as the authorized representative of the Authorizing Person, the chairman, director, supervisor,
general manager, financial director and other senior management member of the Company. 

  
 8 

 Any and all power of attorneys relating to the Equity issued by each of the Authorizing Persons prior to the date
hereof are hereby irrevocably revoked, and each of the Authorizing Persons hereby warrants that he/she will not issue any other power of attorney relating to the Equity. This Power of Attorney and any power, right or interest authorized hereunder in
connection with the Equity are irrevocable. 
 Unless otherwise provided hereunder, the Authorized Person may act at its own discretion in connection with
the Equity held by the Authorizing Persons without any oral or written instruction from the Authorizing Persons. All actions made and documents signed by the Authorized Person in connection with the Equity held by each of the Authorizing Persons
shall be deemed as if such actions are made and documents are signed by the Authorizing Person and are irrevocably acknowledged by the Authorizing Person. The Authorized Person shall also have the right to delegate the rights authorized hereunder to
any person or entity designated by the executive director/board of directors of the WFOE. 
 This Power of Attorney shall be effective for a term of ten
years starting from the execution of this Power of Attorney, unless the Business Operation Agreement made by and among the Company, the Authorized Person and the Authorizing Persons is early terminated for any reason. Upon expiry of the term of this
Power of Attorney and at the request of the Authorized Person, each of the Authorizing Persons will extend the term of this Power of Attorney requested by the Authorized Person. 

This Power of Attorney shall be binding upon all senior management, directors, agents, assigns, and successors of the Authorizing Persons. 

IN WITNESS THEREOF, the Authorizing Persons cause this Power of Attorney to be signed on June 30, 2017. 

(No text below in this page) 

  
 9 

 (Signature page of the Irrevocable Power of Attorney) 

Authorizing Persons 
 /s/ GU Shaofeng 

/s/ LI Tiezheng 
 /s/ HU Honghui 

/s/ LUO Wei 
 /s/ ZHANG Jun 

Authorized Person 
 Shanghai Guangjian Information
Technology Co., Ltd. 
  

			
	By:	 	/s/ ZHANG Jun
	Name: ZHANG Jun

 Title: Authorized Representative 

/s/ Seal of Shanghai Guangjian Information Technology Co., Ltd. 

  
 10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00275-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00275-of-00352.parquet"}]]