Document:

Exhibit 4.53

 

LOAN AGREEMENT

 

This Agreement is made and entered into by the Parties below on
June 11, 2018 in Beijing:

 

		(1)	Lender:

 

Beijing Zhong Zhi Shi Zheng Data Information Technology
Co., Ltd., a wholly foreign owned enterprise established in China with its registered address at Room 208A, 2nd Floor, Building
No. 14, South District of No. 46 Zhongguancun South Street, Haidian District, Beijing

 

		(2)	Borrowers:

 

Borrower I:

 

Tianquan Mo, Chinese, ID No.: [REDACTED], address: Tower
A, No. 20 Guogongzhuang Middle Street, Fengtai District, Beijing

 

Borrower II:

 

Yu Huang, Chinese, ID No.: [REDACTED], address: Tower
A, No. 20 Guogongzhuang Middle Street, Fengtai District, Beijing

 

The Lender and each Borrower are hereinafter referred to collectively
as the “Parties” and each as a “Party.”

 

WHEREAS:

 

Borrower I holds 80% equity interest in Beijing
Zhong Zhi Hong Yuan Data Information Technology Co., Ltd. (hereinafter referred to as “Beijing Zhong Zhi Hong Yuan”),
a domestically funded company with limited liability registered in Beijing, China, and qualified as an independent legal person;

 

Borrower II holds 20% equity interest in Beijing
Zhong Zhi Hong Yuan; and

 

The Lender, agreed to provide a loan of RMB1,200,000
to Borrower I, and a loan of RMB300,000 to Borrower II.

 

The aforesaid loans are collectively and each
referred to as the “Loan.”

 

NOW, THEREFORE, in order to identify the rights
and obligations of any Party, the Parties hereof, through friendly negotiations, agree as follows:

 

		1.	Loan

 

		1.1	Provision of the Loan

 

The Borrowers applied to the Lender for the Loan. The
Lender agreed to provide the Loan to the Borrowers and disbursed the Loan in full to the Borrowers on the date determined by the
the Lender and the Borrowers.

 

		1.2	Term of the Loan

 

The term of the Loan starts from the date on which the
Loan was provided until ten (10) years thereafter. Should any Borrower not be able to repay the Loan in compliance with Article
1.4 of this Agreement due to the restrictions under applicable laws upon the expiry of the term, the term of the Loan shall be
extended automatically until such time when the applicable laws permit the repayment in such mode and the Lender agrees to accept
the repayment by the Borrowers in accordance with the mode of payment set forth in Article 1.4 herein.

 

Except as provided in Article 1.5 herein, the Borrowers
may not request to repay the Loan before the due date.

 

		1.3	Use of the Loan

 

The Borrowers hereby agree and warrant that the Loan
shall be used solely as capital contributed to Beijing Zhong Zhi Hong Yuan for its business expansion. Without prior written consent
of the Lender, the Borrowers shall not make use of the Loan for any other purpose, nor shall the Borrowers transfer, pledge or
mortgage their equity interests or other rights and interests in Beijing Zhong Zhi Hong Yuan to any third party other than the
Lender or Beijing Zhong Zhi Shi Zheng Data Information Technology Co., Ltd.

 

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		1.4	Repayment of the Loan

 

Pursuant to applicable PRC laws, the Borrowers shall repay the Loan
by means of transferring their respective equity interests in Beijing Zhong Zhi Hong Yuan to the Lender or any other person designated
by the Lender; and the Borrowers shall have no further obligations after so transferring as aforesaid.

 

Any profits or gains from the transfer by the Borrowers of their
equity interests in Beijing Zhong Zhi Hong Yuan shall be paid back to the Lender or the person designated by the Lender in accordance
with provisions hereof.

 

		1.5	Advance Repayment of the Loan

 

During the term of the Loan, as extended pursuant hereunder, the
Borrowers shall be liable, jointly and severally, to repay their respective portions of the Loan prior to its due date upon the
written request of the Lender if any of the following events occurs:

 

		(1)	any Borrower dies or becomes incapacitated, or becomes limited in its capacity for civil conduct;

 

		(2)	any Borrower leaves, resigns from, or is suspended or dismissed from, the post at the Lender or the Lender’s associated
companies;

 

		(3)	any Borrower transfers, without the Lender’s consent, its equity interest in the Lender or in the Lender’s other
associated companies held by such Borrower to any third party not contemplated by this Agreement;

 

		(4)	any Borrower commits a criminal act or is involved in criminal activities;

 

		(5)	any third party not contemplated hereunder raises a claim to any Borrower for over RMB 500,000; or

 

		(6)	in accordance with applicable PRC laws, a foreign entity is able to solely operate a value-added telecommunication business,
and the relevant authorities have started to examine and approve application for such business.

 

Pursuant to the applicable PRC laws, the Lender is entitled, but
not obliged, to purchase, or designate any other person not contemplated by this Agreement to purchase, at any time all or part
of each Borrower’s equity interests in Beijing Zhong Zhi Hong Yuan at any price agreed to by all Parties.

 

		2.	Transfer of this Agreement

 

The Borrowers may not transfer any of their rights and/or obligations
hereunder to any third party without the prior written consent of the Lender. After notice to the other Party, the Lender may transfer
any of its rights and/or obligations hereunder to any third party designated by the Lender.

 

		3.	Representations, Warranties and Undertakings of Each Borrower

 

The Borrowers are PRC citizens with full capacity for civil act,
with full and independent legal status, and are legally competent to execute, deliver and perform this Agreement. Each of the Borrowers
may sue or be sued in a litigation.

 

The Borrowers warrant that they shall not, without the Lender’s
prior written consent, transfer, pledge or mortgage their respective equity interests or other rights and interests in Beijing
Zhong Zhi Hong Yuan to any third party other than the Lender or Beijing Zhong Zhi Shi Zheng Data Information Technology Co., Ltd.

 

In order to ensure the stability of the value
of the equity interests of Beijing Zhong Zhi Hong Yuan which form the basis for the Borrowers to repay the Loan, the Borrowers
shall ensure standard operations of Beijing Zhong Zhi Hong Yuan. The Borrowers undertake to execute an irrevocable shareholders
proxy agreement to empower the Lender or any other person designated by the Lender to exercise any and all shareholder rights the
Borrowers may exercise in Beijing Zhong Zhi Hong Yuan.

 

		4.	Confidential Terms

 

Each Party hereby agrees that it shall endeavor to take reasonable
measures to keep confidential the other Parties’ confidential materials and information (hereinafter referred to as “Confidential
Information”) known or acquired by such Party due to the execution and performance of this Agreement. Without the prior
written consent of the owner of the aforesaid Confidential Information, no Party shall divulge, grant or transfer to any third
party such Confidential Information. Upon the termination of this Agreement, each Party shall, upon request, return to the owner
of such Confidential Information, or destroy on its own, any documents, materials, software or other sources carrying such Confidential
Information, delete any such Confidential Information from any relevant memory device and shall not continue to use such Confidential
Information.

 

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The Parties hereby agree that this article shall remain valid regardless
of amendment, cancellation or termination of this Agreement.

 

		5.	Indemnification

 

Each Party shall indemnify the other Parties for, and hold the other
Parties harmless against, any loss, damage, obligation and expense resulting from any litigation, claim or other request to the
other Parties which occurs or arises out of such Party’s performance of its obligations under this Agreement and any commercial
contract.

 

		6.	Effectiveness

 

This Agreement shall become effective upon its execution by the
authorized representatives of all Parties hereto on the date first written above.

 

		7.	Governing Law and Dispute Resolution

 

The PRC law shall govern the execution, validity, interpretation,
amendment, termination and resolution of disputes arising out of this Agreement. The PRC law referred to herein does not include
the laws of Taiwan, the Hong Kong Special Administration Region or the Macau Special Administration Region.

 

Any dispute arising from or related to this Agreement shall be settled
first through friendly negotiations. If such dispute cannot be settled within thirty (30) days after the start of negotiations,
it shall be submitted to the China International Economic and Trade Arbitration Commission for arbitration and be arbitrated in
Beijing, China in accordance with its arbitration rules when such arbitration application was submitted. The arbitral award shall
be final and binding upon all Parties. Unless otherwise decided by the arbitration commission, arbitration fees and other expenses
in relation to such arbitration shall be borne by the losing Party.

 

		8.	Force Majeure

 

“Force majeure” means any unforeseeable circumstance
which is beyond the control of a Party, or any unavoidable event, even if foreseeable, as a result of which such Party is unable
to perform its obligations, in whole or in part, under this Agreement. Such circumstances include, but are not limited to, any
strike, factory closure, explosion, maritime peril, natural disaster, act by a public enemy, fire, flood, accident, war, riot,
insurgence or any other similar event.

 

Should the affected Party be prevented from performing its obligations
hereunder due to any force majeure event, the aforesaid obligations shall be suspended during the continuation of such force majeure
event, and the time for performing such obligations shall be extended automatically until the force majeure event ends. The affected
Party shall not be liable for its non-performance during the force majeure event.

 

Any Party encountering a force majeure event shall forthwith notify
the other Parties in writing and supply proper evidence of the inception of the force majeure event and its continuing period.
Such Party shall make every reasonable endeavor to mitigate the damages of such event of force majeure.

 

If a force majeure event occurs, the Parties shall forthwith negotiate
a fair solution, and shall make any and all reasonable efforts to minimize the effects of any event of force majeure.

 

If the force majeure event lasts over ninety (90) days and the Parties
fail to reach any agreement on a just solution, any of the Parties shall be entitled to terminate this Agreement. In case of termination
of this Agreement pursuant to the aforesaid provision, none of the Parties shall have any rights or obligations subsequent thereto,
but the rights and obligations of each Party arising hereunder before such termination shall not be affected.

 

		9.	Miscellaneous

 

		9.1	Notice

 

Any notice or other communication sent by any Party shall be written
in Chinese, and sent by mail or facsimile transmission to the addresses of the other Parties set forth below or to other designated
addresses previously notified by any such other Party. If any Party changes its address, it shall notify the other Parties of such
change in a timely and effective manner. The dates on which such notices are deemed to have been effectively given shall be determined
as follows:

 

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		(A)	Notices given by personal delivery shall be deemed effectively given on the date of personal delivery;

 

		(B)	Notices sent by registered airmail (postage prepaid) shall be deemed effectively given on the seventh (7th) day after the date
on which they were mailed (as indicated by the postmark), or notices sent by a courier recognized by the Parties shall be deemed
effectively given on the third (3rd) day after they were sent to such courier service agency; and

 

		(C)	Notices sent by facsimile transmission shall be deemed effectively given on the first (1st) business day following the date
of transmission, as indicated on the document.

 

Lender: Beijing Zhong Zhi Shi Zheng Data Information Technology
Co., Ltd.

Address: Tower A, No. 20 Guogongzhuang Middle Street, Fengtai District, Beijing

Fax: [REDACTED]

Tel: [REDACTED]

Attention: Tianquan Mo

 

Borrower I: Tianquan Mo

Address: Tower A, No. 20 Guogongzhuang Middle Street, Fengtai District,
Beijing

Fax: [REDACTED]

Tel: [REDACTED]

 

Borrower II: Yu Huang

Address: Tower A, No. 20 Guogongzhuang Middle Street, Fengtai District,
Beijing

Fax: [REDACTED]

Tel: [REDACTED]

 

		9.2	Non-implied Waiver

 

The failure of one Party to exercise its rights to investigate the
breach of any other Party under a special circumstance shall not be deemed as a waiver of such rights in other similar cases.

 

		9.3	Severability

 

If any provision or portion of this Agreement is determined to be
invalid, illegal, or unenforceable, or in conflict with public interests under any applicable PRC laws, the validity, legality
and enforceability of the remaining provisions hereunder shall not in any way be affected or impaired. All Parties shall negotiate
sincerely to reach an agreement to replace the invalid provision with a provision satisfactory to all Parties.

 

		9.4	Copies

 

This Agreement is made in Chinese. This Agreement and its amendment
or any other agreements (or documents) submitted based upon this Agreement can be executed in one or more counterparts. Any Party
may sign one copy and send such copy by facsimile transmission to the other Parties, but shall forthwith send the original one.
All signed documents shall constitute one and the same agreement (or documents), which shall become effective after all Parties
sign one or more documents and send them to the other Parties (unless otherwise provided in the original of such documents).

 

		9.5	Amendment

 

This Agreement can be amended only upon execution of a written document
by all Parties.

 

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[Signature Page to Loan Agreement]

 

Lender (Seal): Beijing Zhong Zhi Shi Zheng Data Information
Technology Co., Ltd.

 

	Authorized agent: 	/s/ Tianquan Mo	 

 

Borrower I: Tianquan Mo

 

	Signature:	/s/ Tianquan Mo	 

 

Borrower II: Yu Huang

 

	Signature:	/s/ Yu Huang	 

 

    	 	5Exhibit 4.54

 

EQUITY PLEDGE AGREEMENT

 

This Equity Pledge Agreement (this “Agreement”)
is made and entered into by the parties below on June 11, 2018 in Beijing:

 

Pledgee:

 

Beijing Zhong Zhi Shi Zheng Data Information
Technology Co., Ltd., a wholly foreign owned enterprise established in China with its registered address at Room 208A, 2nd Floor,
Building No. 14, South District of No. 46 Zhongguancun South Street, Haidian District, Beijing

 

Pledgor I: Tianquan Mo, Chinese, ID No.: [REDACTED], address:
Tower A, No. 20 Guogongzhuang Middle Street, Fengtai District, Beijing

 

Pledgor II: Yu Huang, Chinese, ID No.: [REDACTED], address:
Tower A, No. 20 Guogongzhuang Middle Street, Fengtai District, Beijing

 

Pledgor I and Pledgor II are hereinafter referred
to as the “Pledgor(s),” and the Pledgee and the Pledgors, collectively, the “Parties.” Pledgor
I and Pledgor II pledge all of their equity interests in Beijing Zhong Zhi Hong Yuan Data Information Technology Co., Ltd. The
pledge amount is the entire registered capital of the company, which is RMB 1,500,000 recorded on the business license of the company,
and the target of the pledge is the 100% equity interest in the company. Pledgor I pledges its equity interests of 80% in the company
(i.e., 80% of the company’s entire equity interests, representing RMB1,200,000 in the registered capital), and the respective
amount of the secured claim is RMB1,200,000 (i.e., securing 80% of the debts owed by the company to the Pledgee).

 

Pledgor II pledges its equity interests of
20% in the company (i.e., 20% of the company’s entire equity interests, representing RMB300,000 in the registered capital),
and the respective amount of the secured claim RMB 300,000 (i.e., securing 20% of the debts owed by the company to the Pledgee).

 

Whereas:

 

Each Pledgor is a PRC citizen holding equity
interests of 80% (i.e., RMB1,200,000) and 20% (i.e. RMB300,000), respectively, in Beijing Zhong Zhi Hong Yuan Data Information
Technology Co., Ltd. (hereinafter referred to as “Beijing Zhong Zhi Hong Yuan”).

 

Beijing Zhong Zhi Hong Yuan, a company registered
in Beijing, China, is engaged in the business of technology services; information consulting (excluding agency services); design,
produce, and publish advertisements and act as advertising agency; sales of computers, software and auxiliary equipment, hardware
and electrical appliance (excluding electric bicycles, and not operating in physical stores), machinery and equipment; as well
as Internet information services.

 

The Pledgee is a wholly foreign owned enterprise
registered in Beijing, China, licensed by relevant government departments to lawfully engage in the business of development and
production of computer multimedia system software; provision of electronic and information technology services; as well as sales
of self-produced products. The Pledgee and Beijing Zhong Zhi Hong Yuan which is owned by the Pledgors have entered into the Exclusive
Technical Consultancy and Services Agreement (hereinafter referred to as the “Service Agreement”) on June 11,
2018.

 

In order to ensure that the Pledgee can collect
consulting and services fees pursuant to the Service Agreement from Beijing Zhong Zhi Hong Yuan which is owned by the Pledgors,
the Pledgors hereby pledge all of their Equity Interests in Beijing Zhong Zhi Hong Yuan (i.e., RMB1,500,000) to the Pledgee as
a guarantee for the payment of the consulting and services fees under the Service Agreement. Pledgor I pledges its equity interests
of 80% in Beijing Zhong Zhi Hong Yuan ( i.e., 80% of the company’s entire equity interests, representing RMB1,200,000 in
the registered capital), and the respective amount of the secured claim is RMB1,200,000 (i.e., securing 80% of the debts owed by
the company to the Pledgee). Pledgor II pledges its equity interests of 20% in Beijing Zhong Zhi Hong Yuan (i.e., 20% of the company’s
entire equity interests, representing RMB300,000 in the registered capital), and the respective amount of the secured claim RMB
300,000 (i.e., securing 20% of the debts owed by the company to the Pledgee).

 

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NOW, THEREFORE, the Pledgors and the Pledgee,
through negotiations on the principle of equality, agree as follows:

 

		1.	Definition

 

Unless otherwise provided in this Agreement, the following
terms shall have the following meanings:

 

		1.1	Right of Pledge: as specified in Article 2 of this Agreement.

 

		1.2	Equity Interests: 100% of the equity interests held by the Pledgors in Beijing Zhong Zhi Hong Yuan, representing RMB1,500,000
in the registered capital.

 

		1.3	Term of Pledge: the term specified in Article 3 hereunder.

 

		1.4	Service Agreement: the Exclusive Technical Consultancy and Services Agreement entered into by Beijing Zhong Zhi Hong
Yuan and the Pledgee on June 11, 2018.

 

		1.5	Breach of Agreement: any circumstance specified in Article 6.1 hereunder.

 

		1.6	Notice of Breach: a notice sent by the Pledgee under this Agreement declaring a Breach of Agreement.

 

		1.7	Terms not specifically defined hereunder shall have the same meaning as the corresponding terms contained in the Service Agreement.

 

		2.	Pledge and Right of Pledge

 

		2.1	The Pledgors pledge all their Equity Interests in Beijing Zhong Zhi Hong Yuan to the Pledgee. The Right of Pledge means the
priority right enjoyed by the Pledgee to claim the consulting and services fees, which the Pledgee is entitled to under the Service
Agreement from funds obtained through conversion, auction or sale of the Equity Interests that the Pledgors pledge to the Pledgee.

 

		3.	Term of Pledge

 

		3.1	This Agreement shall become effective upon its execution by the authorized representatives of all Parties hereto on the date
first written above. The pledge of Equity Interest under this Agreement shall come into force upon the date when the pledge of
Equity Interests hereunder is recorded in accordance with applicable laws, and such pledge shall remain valid till June 11, 2028.
The Term of Pledge can be extended for ten (10) years upon expiration, at the option of the Pledgee. Thereafter, the Pledgee is
entitled to unilaterally extend the term of this Agreement, and the Pledgors must unconditionally consent to the Pledgee’s
decision to extend the term of this Agreement.

 

		3.2	During the Term of Pledge, the Pledgee is entitled to exercise its Right of Pledge should Beijing Zhong Zhi Hong Yuan not disburse
part or all of the consulting and services fees under the Service Agreement.

 

		4.	Custody of the Certificate for Pledge

 

		4.1	During the Term of Pledge under this Agreement, the Pledgee shall keep in custody the investment certificates of the Equity
Interests in Beijing Zhong Zhi Hong Yuan and the register of shareholders of Beijing Zhong Zhi Hong Yuan in which the pledge of
the Equity Interests hereunder is recorded. Within one (1) week of the execution of this Agreement, the Pledgors shall deliver
these aforesaid documents to the Pledgee.

 

		4.2	The Pledgee is entitled to collect dividends arising out of the Equity Interests.

 

		5.	Representations and Warranties of the Pledgors

 

		5.1	The Pledgors are PRC citizens with full capacity for civil act, with full and independent legal status, and are legally competent
to sign, deliver and perform this Agreement. Each of the Pledgors can sue or be sued in a litigation.

 

		5.2	The Pledgors are the lawful owners of the Equity Interests.

 

		5.3	The Pledgors can sign this Agreement without the consent of any third party.

 

		5.4	When exercising its Right of Pledge under this Agreement, the Pledgee shall not be interfered by any other party.

 

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		5.5	Except for the Right of Pledge, there are no other liens, pledges, mortgages, claims or other guarantee rights, or restrictions
imposed by or belonging to any third party, in the Equity Interests.

 

		5.6	Without the prior written consent of the Pledgee, the Pledgors shall not transfer the Equity Interests, nor shall they establish
or permit to be established any liens, pledges, mortgages, claims or other guarantee rights, or restrictions in favor of any third
party, that may affect the rights and interests of the Pledgee.

 

		5.7	The Pledgors shall observe and comply with any and all provisions of laws and regulations concerning the pledge. Within five
(5) days after receiving any notice or decree issued or provided by relevant authorities, the Pledgors shall present such notice
or decree to the Pledgee, and issue opinion on the aforesaid matters upon the reasonable request of the Pledgee.

 

		5.8	The Pledgors shall promptly notify the Pledgee of any event or circumstance that may affect the Equity Interests pledged, change
any of the Pledgors’ warranties and obligations, or affect the performance of the Pledgors’ obligations hereunder.

 

		5.9	The Pledgors hereby agree that the Right of Pledge to be exercised by the Pledgee shall not be disrupted or impaired by the
Pledgors, the Pledgors’ successors, or trustees, or any other person.

 

		5.10	Each of the Pledgors has full power to sign, deliver and perform this Agreement. This Agreement shall be signed and delivered
by the Pledgors legally and properly. This Agreement shall be binding upon the Pledgors and may be enforced against the Pledgors
in accordance with the terms and conditions hereunder.

 

		5.11	The Pledgors shall complete the procedures for registration and filing with the relevant government departments, including
but not limited to the State Administration of Industry and Commerce in China (if needed).

 

		5.12	In the interests of the Pledgee, the Pledgors shall observe and perform all of the aforesaid warranties, undertakings, agreements,
representations and conditions. Should any of the Pledgors not perform or fully perform such warranties, undertakings, agreements,
representations and conditions, it shall be liable for damages to the Pledgee for any loss suffered by the Pledgee arising therefrom.

 

		6.	Breach of Agreement

 

		6.1	Any of the following events shall be deemed a Breach of Agreement:

 

		6.1.1	Beijing Zhong Zhi Hong Yuan fails to promptly disburse the total consulting and services fees under the Service Agreement.

 

		6.1.2	Any of the representations and warranties contained in Article 5 are materially misleading or false, and/or the Pledgors breach
any of the representations and warranties contained in Article 5.

 

		6.1.3	The Pledgors breach any of the terms and conditions of this Agreement.

 

		6.1.4	Unless otherwise agreed under Article 5.6, the Pledgors forfeit the Equity Interests pledged or transfer such Equity Interests
without the written consent of the Pledgee.

 

		6.1.5	Any loan, guaranty, indemnification, undertaking or other responsibility that Beijing Zhong Zhi Hong Yuan owes to any third
party (1) is requested to be repaid or performed in advance due to breach of contract by Beijing Zhong Zhi Hong Yuan; or (2) is
due but not repaid or performed by Beijing Zhong Zhi Hong Yuan such that the Pledgee believes that the capacity of Beijing Zhong
Zhi Hong Yuan to perform its obligations has been affected thereby.

 

		6.1.6	The Pledgors fail to repay any of their own debts.

 

		6.1.7	This Agreement becomes illegal due to the publication of relevant laws or the Pledgors fail to continue performing their obligations
hereunder.

 

		6.1.8	Any consent, approval or authorization by government organizations required to render this Agreement enforceable, legal, or
valid is rescinded, terminated, invalidated or materially amended.

 

		6.1.9	Properties owned by the Pledgors have suffered an adverse change such that the Pledgee believes that the capacity of the Pledgors
to perform their obligations has been adversely affected thereby.

 

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		6.1.10	The successor or custodian of Beijing Zhong Zhi Hong Yuan performs only part of, or refuses to perform, the payment obligations
under the Service Agreement.

 

		6.1.11	The Pledgee is unable to exercise its Right of Pledge under the relevant laws.

 

		6.2	The Pledgors shall notify the Pledgee in writing if the Pledgors become aware of, or find out about, the occurrence of any
of the events or circumstances specified in Article 6.1 or occurrences that may lead to the aforesaid events or circumstances.

 

		6.3	Unless the events or circumstances specified in Articles 6.1 under this Agreement have been settled to the Pledgee’s
satisfaction, the Pledgee may send a Notice of Breach in writing to the Pledgors at any time during or after a Breach of Agreement
by the Pledgors, requesting the Pledgors to forthwith pay any and all debts under the Service Agreement and other debts due, or
it may exercise its Right of Pledge in accordance with the provisions contained in Article 7 hereunder.

 

		7.	Exercise of Right of Pledge

 

		7.1	Before repaying in full the consulting and services fees under the Service Agreement, the Pledgors shall not transfer the Equity
Interests pledged without the written consent of the Pledgee.

 

		7.2	The Pledgee shall send a Notice of Breach to the Pledgors when the Pledgee exercises its Right of Pledge.

 

		7.3	The Pledgee can exercise its Right of Pledge when it sends a Notice of Breach or at any time after sending such Notice in accordance
with the provisions contained in Article 6.3.

 

		7.4	The Pledgee has priority in receiving repayment from funds obtained through conversion, auction or sale of part or all of the
Equity Interests under this Agreement pursuant to legal procedures, until the consulting and services fees remaining unpaid under
the Service Agreement and all other payments due have been paid off.

 

		7.5	When the Pledgee exercises its Right of Pledge under this Agreement, the Pledgors shall not obstruct such exercise in any way
and shall instead render any necessary assistance so that the Pledgee can realize its Right of Pledge.

 

		8.	Transfer

 

		8.1	Unless previously consented to in writing by the Pledgee, none of the Pledgors shall have any right to donate or transfer the
rights and obligations under this Agreement.

 

		8.2	This Agreement shall be binding upon the Pledgors, the Pledgors’ successors and transferees of the Equity Interests pledged
with the consent of the Pledgee, and shall remain a valid obligation on the Pledgee and any of its successors and transferees.

 

		8.3	The Pledgee can transfer, at any time, any and all rights and obligations under the Service Agreement to any person designated
by the Pledgee. Under such circumstances, the transferee shall have the same rights and obligations of the Pledgee under this Agreement
as if it were a Party hereto. The Pledgors shall sign any relevant agreements and/or documents effecting such transfer upon the
request of the Pledgee when the Pledgee transfers the aforesaid rights and obligations.

 

		8.4	If the identity of the Pledgee or Pledgors changes due to the aforesaid transfer of the rights and obligations herein, the
new parties involved in the pledge shall sign a new pledge agreement.

 

		9.	Termination

 

		9.1	When the consulting and services fees under the Service Agreement are fully repaid and Beijing Zhong Zhi Hong Yuan has performed
all other obligations under the Service Agreement, this Agreement shall be terminated.

 

		10.	Expenses

 

		10.1	Any and all expenses relating to this Agreement, to the extent reasonable, including but not limited to the legal fees, production
costs, stamp duties and any other taxes and expenses, shall be borne by the Pledgors. Should the Pledgee pay any such expenses
or taxes, the Pledgors shall fully reimburse the Pledgee for the aforesaid expenses or taxes paid by the Pledgee.

 

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		10.2	The Pledgee may take any measure to claim from the Pledgors any such expenses or taxes arising under this Agreement or such
other expenses or taxes that the Pledgors agreed to pay but have not yet paid. Any and all expenses (including but not limited
to taxes and expenditures, handling charges, overhead expenses, legal costs, attorney’s fees and insurance premiums) arising
out of the aforesaid claims shall be borne by the Pledgors.

 

		11.	Force Majeure

 

		11.1	“Force majeure” means any unforeseeable circumstance which is beyond the control of a Party, or any unavoidable
event, even if foreseeable, as a result of which such Party is unable to perform its obligations, in whole or in part, under this
Agreement. Such circumstances include, but are not limited to, any strike, factory closure, explosion, maritime peril, natural
disaster, act by a public enemy, fire, flood, accident, war, riot, insurgence or any other similar event.

 

		11.2	Should the affected Party be prevented from performing its obligations hereunder due to any force majeure event, the aforesaid
obligations shall be suspended during the continuation of such force majeure event, and the time for performing such obligations
shall be extended automatically until the force majeure event ends. The affected Party shall not be liable for its non-performance
during the force majeure event.

 

		11.3	Any Party encountering a force majeure event shall forthwith notify the other Parties in writing and supply proper evidence
of the inception of the force majeure event and its continuing period. Such Party shall make every reasonable endeavor to mitigate
the damages of such event of force majeure.

 

		11.4	If a force majeure event occurs, the Parties shall forthwith negotiate a fair solution, and shall make any and all reasonable
efforts to minimize the effects of any event of force majeure.

 

		11.5	If the force majeure event lasts over ninety (90) days and the Parties fail to reach any agreement on a just solution, any
of the Parties shall be entitled to terminate this Agreement. In case of termination of this Agreement pursuant to the aforesaid
provision, none of the Parties shall have any rights or obligations subsequent thereto, but the rights and obligations of each
Party arising hereunder before such termination shall not be affected.

 

		12.	Dispute Resolution

 

		12.1	The PRC law shall govern the execution, validity, interpretation, amendment, termination and resolution of disputes arising
out of this Agreement. The PRC law referred to herein does not include the laws of Taiwan, the Hong Kong Special Administration
Region or the Macau Special Administration Region.

 

		12.2	Any dispute arising from or related to this Agreement shall be settled first through friendly negotiations. If such dispute
cannot be settled within thirty (30) days after the start of negotiations, it shall be submitted to the China International Economic
and Trade Arbitration Commission for arbitration and be arbitrated in Beijing, China in accordance with its arbitration rules when
such arbitration application was submitted. The arbitral award shall be final and binding upon all Parties. Unless otherwise decided
by the arbitration commission, arbitration fees and other expenses in relation to such arbitration shall be borne by the losing
Party.

 

		13.	Notice

 

		13.1	Any notice or other communication sent by any Party shall be written in Chinese, and sent by mail or facsimile transmission
to the addresses of the other Parties set forth below or to other designated addresses previously notified by any such other Party.
If any Party changes its address, it shall notify the other Parties of such change in a timely and effective manner. The dates
on which such notices are deemed to have been effectively given shall be determined as follows:

 

		(A)	Notices given by personal delivery shall be deemed effectively given on the date of personal delivery;

		(B)	Notices sent by registered airmail (postage prepaid) shall be deemed effectively given on the seventh (7th) day after the date
on which they were mailed (as indicated by the postmark), or notices sent by a courier recognized by the Parties shall be deemed
effectively given on the third (3rd) day after they were sent to such courier service agency; and

		(C)	Notices sent by facsimile transmission shall be deemed effectively given on the first (1st) business day following the date
of transmission, as indicated on the document.

 

    	 	5	 

     

    

  

Pledgee: Beijing Zhong Zhi Shi Zheng Data Information
Technology Co., Ltd.

Address: Room 208A, 2nd Floor, Building No. 14, South
District of No. 46 Zhongguancun South Street, Haidian District, Beijing

Fax: [REDACTED]

Tel: [REDACTED]

 

Pledgor I: Tianquan Mo

Address: Tower A, No. 20 Guogongzhuang Middle Street,
Fengtai District, Beijing

Fax: [REDACTED]

Tel: [REDACTED]

 

Pledgor II: Yu Huang

Address: Tower A, No. 20 Guogongzhuang Middle Street,
Fengtai District, Beijing

Fax: [REDACTED]

Tel: [REDACTED]

 

		14.	Schedule

 

		14.1	The schedules contained herein constitute an integral part of this Agreement.

 

		15.	Effectiveness

 

		15.1	This Agreement and any amendment, supplement or modification hereto shall be made in writing and come into force upon execution
and seal of the Parties.

 

		15.2	This Agreement is made in Chinese with five (5) copies.

 

    	 	6	 

     

    

 

[Signature Page to Equity Pledge Agreement]

 

Pledgee (Seal): Beijing Zhong Zhi Shi Zheng Data Information
Technology Co., Ltd.

 

	Legal representative or authorized agent (Signature):	/s/ Tianquan Mo	 

  

Pledgor I: Tianquan Mo

 

	Signature:	/s/ Tianquan Mo	 

 

Pledgor II: Yu Huang

 

	Signature:	/s/ Yu Huang	 

 

Date: June 11, 2018

 

    	 	7

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