Document:

EXHIBIT 4.16

 

Equity Pledge Agreement 

 

This Equity Pledge Agreement (hereinafter
referred to as “this Agreement”) is entered into on May 27, 2015 in Shanghai, the People’s Republic of
China (hereinafter referred to as the “PRC”) by and between the following parties:

 

	Party A:	The Pledgee hereunder 

 

Acorn Information Technology (Shanghai) Co., Ltd.

 

The legal address: Room 669-05, No. 2 Building,
No. 351 Guoshoujing Road, Zhangjiang High-tech Park, Shanghai

 

	Party B:	The Pledger hereunder 

 

	 	Kuan Song

 

The number of the ID card: 410503198209212012

 

The domicile address: Room 2202, Floor 5, Building
25, Ganlu Garden Nan Li, Chaoyang District, Beijing and

 

Pan Zong

 

The number of the ID card: 410901198605200020

 

The domicile address: Room 9, Unit 1, Building 4,
Yard 7, Kaizhou Road, Hualong District, Puyang City, Henan Province

 

Party A and Party B shall be hereinafter
referred to collectively as the “Parties” and individually as a “Party”.

 

Whereas: 

 

	 	(1)	Party A is a wholly foreign-owned enterprise duly organized and validly existing under the laws of the People’s Republic of China, which has the status of an independent legal person and is engaged mainly in development of computer software and hardware, information technology data processing, and technology consultancy services; 

 

	 	(2)	Party B is Kuan Song and Pan Zong, shareholders of Beijing Acorn Trade Co., Ltd. (“Beijing Acorn”), who hold 90% and 10% of the equity interest in Beijing Acorn, respectively; 

 

	 	(3)	Party A and Beijing Acorn entered into a certain Exclusive Technology Services Agreement (hereinafter referred to as the “Services Agreement”) on May 27, 2015 , and the Parties know the contents of that agreement and have a thorough understanding of its meaning; 

 

	 	(4)	Party B agrees to pledge to Party A all the equity interest it holds in Beijing Acorn as security for the payment by Beijing Acorn of the fee for the services Party A shall provide under the Services Agreement; 

 

	 	(5)	The Parties entered into a certain Loan Agreement (hereinafter referred to as the “Loan Agreement”) on May 27, 2015 and a certain Operation and Management Agreement (hereinafter referred to as the “Management Agreement”) on May 27, 2015. Party B shall pledge all the equity interest it holds in Beijing Acorn to Party A as security for Party B’s performance of its obligations under the Loan Agreement and the Management Agreement in addition to security for the payment by Beijing Acorn of the fee for the services Party A shall provide under the Services Agreement. 

 

     

     

    

 

In consideration of the premises as set
forth above as well as the mutual undertakings as set forth below, the Parties hereby agree to the following:

 

	Article 1	Pledge of Equity Interest 

 

	 	(1)	Party B agrees to pledge to Party A all the equity interest it holds in Beijing Acorn. 

 

	 	(2)	If Party B proposes to transfer to any third party the equity interest it holds in Beijing Acorn, it shall provide such third party with all the true information on such equity pledge and such third party shall automatically inherit all the rights and obligations thereunder. 

 

	Article 2	Delivery and Custody of the Equity Interest to Be Pledged Hereunder 

 

	 	(1)	Within seven business days of execution hereof, Party B shall hand over the certificates in evidence of its investment in the equity interest of Beijing Acorn and the shareholders’ register of Beijing Acorn it holds to Party A for its keeping. 

 

	 	(2)	During the term of the equity pledge hereunder, any income that may be derived from such equity interest shall belong to Party A. 

 

	Article 3	Party B’s Representations and Warranties 

 

	 	(1)	Party B has fully performed its obligation to make a capital contribution to Beijing Acorn in accordance with the Company Law of the People’s Republic of China and the articles of association of Beijing Acorn and it is the lawful owner of the equity interest to be pledged hereunder. 

 

	 	(2)	No third party shall interfere in Party A’s exercise of the pledge right hereunder. 

 

	 	(3)	Party A shall have the right to dispose of or transfer the equity interest to be pledged hereunder in accordance with the provisions hereof. 

 

	 	(4)	Apart from the pledge hereunder, Party B has not created any other pledge or encumbrance on the equity interest to be pledged hereunder. 

 

	Article 4	Party B’s Undertakings 

 

For Party A’s benefit, Party B undertakes that, during
the term hereof,

 

	 	(1)	without Party A’s previous written consent, it shall not transfer the equity interest to be pledged hereunder or create any other pledge or encumbrance on such equity interest; 

 

	 	(2)	within seven business days of execution hereof, it shall complete the procedure for registration of this Agreement and the pledge of the equity interest hereunder with the authority in charge of industrial and commercial administration and any other competent authority with which Beijing Acorn registered its establishment; 

 

	 	(3)	it shall comply with all the laws and regulations applicable to the pledge of the equity interest hereunder and, within five days of receipt of any notice, order or suggestion the relevant authorities issue or make, forward such notice, order or suggestion to Party A and comply with them at Party A’s reasonable request; 

 

	 	(4)	If there occurs any such event as has adversely affected, or will adversely affect, Party A’s pledge right or any of Party B’s warranties or other obligations hereunder, it shall promptly notify Party A of such occurrence; 

 

	 	(1)	it has not taken or, without Party A’s written consent, will not take any action that will adversely affect the status of Party B’s assets, such as raising of loans, provision of security, or purchase or sale of any major assets; 

 

	 	(2)	none of Party B or any of its successors or representatives or any other third party will interfere in, or cause any damage to, the pledge of the equity interest to Party A hereunder; and 

 

     

     

    

  

	 	(3)	it will comply with and perform all of its warranties, undertakings, agreements and representations hereunder and the provisions hereof. If Party B violates, or fails fully to perform, any of the provisions hereof, Party A shall have the right to require that Party B compensate it for any losses it may suffer as a result. 
	 	 	 
	 	(4)	it will pledge to Party A the additional equity in Beijing Acorn that it obtains after increasing capital contribution to Beijing Acorn or purchasing equity in Beijing Acorn.

 

	Article 5	Realization of the Pledge Right 

 

	 	(1)	Without Party A’s previous written consent, Party B shall not transfer the equity interest to be pledged hereunder before Beijing Acorn has paid in full the fee for the technical services under the Services Agreement within a reasonable time limit and Party B has performed its obligations under the Loan Agreement and the Management Agreement. 

 

	 	(2)	Party A shall notify Party B in writing of its exercise of the pledge right hereunder; 

 

	 	(3)	If, during the term of the pledge hereunder, Beijing Acorn fails to pay all or part of the fee for the technical services under the Services Agreement within a reasonable time limit as specified therein or Party B fails to perform its obligations under the Loan Agreement and the Management Agreement in the time limits as specified therein, Party A shall have the priority to be compensated with the money into which the equity interest to be pledged hereunder will be converted or with the proceeds from the auction or sale of such equity interest in accordance with the provisions hereof. 

 

	 	(4)	Party B shall not obstruct Party A from exercising the pledge right in accordance with the provisions of the preceding paragraph. Instead, Party B shall extend active cooperation and assistance to Party A in exercising such right to ensure that it will succeed in realizing such right. 

 

	Article 6	Transfer 

 

	 	(1)	Without Party A’s previous consent, Party B shall have no right to transfer the rights or obligations hereunder to any third party or authorize any third party to assume the rights and obligations hereunder on its behalf. 

 

	 	(2)	Party A shall have the right to transfer all or part of the rights and obligations under the Services Agreement to any third party (either a natural person or legal person) at any time, in which case, such third party shall assume the rights and obligations hereunder as if it were a Party hereto. At Party A’s request, Party B shall execute an agreement and/or documents in connection with the aforesaid transfer. 

 

	Article 7	Effectiveness and Term of this Agreement 

 

	 	(1)	This Agreement shall formally become effective after the Parties have affixed their signatures or seals hereto. The Parties agree that this Agreement will become effective on the date of execution. 

 

	 	(2)	The term of the pledge of the equity interest hereunder shall be 10 years, starting from the effective date hereof. The term of this Agreement shall automatically be extended for 10 years upon expiration of such term, unless Party A notifies Party B in writing of its intention to terminate this Agreement in the three months prior to the expiration of the term of this Agreement. 

 

	Article 8	Liability for Breach of Contract 

 

	 	(1)	If any of the following events occurs, such an event shall be deemed to be a breach of this Agreement: 

 

	 	a.	Beijing Acorn fails to pay in full the fee for the technology services under the exclusive Services Agreement within a reasonable time limit as specified therein; 

 

	 	b.	Party B fails fully to perform its obligations under the Loan Agreement; 

 

     

     

    

  

	 	c.	Any of the representations or warranties Party B makes in Article 3 hereof proves to be inconsistent with any of the major facts or false and/or Party B is out of compliance with any of the warranties it makes in Article 3 hereof; 

 

	 	d.	Party B is out of compliance with any of the undertakings it makes in Article 4 hereof; 

 

	 	e.	Party B is in violation of any of the provisions hereof; 

 

	 	f.	Without Party A’s previous written consent, Party B has relinquished or transferred the equity interest that has been pledged hereunder; 

 

	 	g.	In the case that Party B has got any loan from a third party or provided any guaranty for a third party, is required to pay any compensation to a third party, has made an undertaking to a third party, or is under any other liability to a third party, 

 

	 	(i)	Party B is required to repay such loan, perform such guaranty or undertaking, pay such compensation, or discharge such liability ahead of time; or 

 

	 	(ii)	Party B is unable to discharge any of the aforesaid liabilities when it becomes due so that Party A believes that Party B’s capacity to perform this Agreement is adversely affected as a result; 

 

	 	h.	Party B is unable to repay its general debts or any other debts; 

 

	 	i.	Any new laws or regulations have been promulgated that have rendered this Agreement illegal or Party B unable to continue to perform its obligations hereunder; 

 

	 	j.	All the approvals, licenses, consents or authorizations of the government authorities that have made this Agreement performable and effective are revoked, terminated, have become invalid, or have been substantially modified; 

 

	 	k.	Any adverse change has occurred to the assets under Party B’s ownership so that Party A believes that Party B’s capacity to perform this Agreement is adversely affected as a result; 

 

	 	l.	The successor to, or manager of, Beijing Acorn can only perform part of the obligation to pay the fee under the Services Agreement or refuses to perform such obligation; or 

 

	 	m.	There occurs any other event in which Party A cannot exercise the pledge right hereunder. 

 

	 	(2)	As soon as Party B is informed, or has become aware, that any of the events as described in the preceding paragraph is likely to occur, it shall notify Party A in writing of such likelihood. Except as any of the breaches of contract as described in the preceding paragraph has been successfully remedied to Party A’s satisfaction, at the time of such occurrence or any time thereafter, Party A may serve a notice of such breach on Party B and dispose of the equity interest to be pledged hereunder in accordance with the provisions of Article 5 hereof. 

 

	 	(3)	If either Party is in breach of any of the provisions hereof, the breaching party shall be liable to the non-breaching party for breach of contract and compensate the non-breaching party for any losses it may suffer as a result of such breach. The non-breaching party may grant the breaching party a certain period of grace, in which the breaching party shall be required to remedy such breach. 

 

	 	(4)	If the breaching party fails to take any remedial measures within a reasonable period of grace, the non-breaching party shall have the right to terminate this Agreement and require that the breaching party compensate it for any actual losses it may suffer as a result, including but not limited to all the reasonable expenses the non-breaching party may incur in connection with the execution and performance hereof (including expenses and costs incurred in connection with the engagement of the various intermediary agencies), provided, however, that such compensation shall not exceed losses that, at the time of execution hereof, the breaching party foresaw or should have reasonably foreseen its breach hereof might cause to the other Party. 

 

     

     

    

  

	Article 9	Governing Law and Settlement of Disputes 

 

	 	(1)	The validity, interpretation and performance hereof and settlement of disputes hereunder shall be governed by the laws of the People’s Republic of China. 

 

	 	(2)	If any dispute arises out of the performance of this Agreement or in connection with this Agreement, the Parties shall settle such dispute through consultation. If such dispute fails to be settled though consultation within 30 days, either Party may submit it to the China International Economic and Trade Arbitration Commission in Beijing for settlement by arbitration by three arbitrators appointed by this commission in accordance with its rules. The award of the arbitration tribunal shall be final and binding on both of the Parties. 

 

	Article 10	Notices 

 

Notices relating to this Agreement shall
be delivered to the following addresses by hand or sent by facsimile or registered mail except as any of such addresses is changed
by a written notice. If sent by registered mail, a notice shall be deemed given on the date indicated on the return receipt for
registered mail; if delivered by hand or sent by facsimile, a notice shall be deemed given on the date it is received. If a notice
is sent by facsimile to any of the following addresses, the original of such notice shall promptly be delivered by hand or sent
by registered mail to such notice:

 

If to Acorn Information Technology (Shanghai)
Co., Ltd.

 

The address: Room 669-05, No. 2 Building,
No. 351 Guoshoujing Road, Zhangjiang High-tech Park, Shanghai

 

If to Kuan Song

 

The address: Room 2202, Floor 5, Building
25, Ganlu Garden Nan Li, Chaoyang District, Beijing and

 

If to Pan Zong

 

The address: Room 9, Unit 1, Building 4,
Yard 7, Kaizhou Road, Hualong District, Puyang City, Henan Province

 

	Article 11	Miscellaneous 

 

	 	(1)	Within seven days after the effective date hereof, the Parties hereto shall carry out the procedure for registration of the pledge of the equity interest hereunder with the authority in charge of industrial and commercial administration. 

 

	 	(2)	Expenses that may be incurred in connection with the execution and performance hereof, including but not limited to legal fees and the fee for registration of the pledge of the equity interest hereunder, shall be borne by Party B. 

 

	 	(3)	Neither Party shall unilaterally make any modification or amendment in this Agreement without mutual agreement of both parties. 

 

	 	(4)	This Agreement is executed in four originals, one of which shall be kept by each of the Parties hereto and filed with the Administration for Industry and Commerce. The Parties hereto may execute duplicates of this Agreement separately when necessary. 

 

	 	(5)	This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all oral or written understandings and agreements the Parties reached with respect to such subject matter before this Agreement becomes effective. This Agreement shall not be amended without approval of Party A’s audit committee or any other independent agency under Party A’s board of directors. 

 

     

     

    

 

[This is the signature page of this Agreement, which does
not contain any text of this Agreement] 

 

Acorn Information Technology (Shanghai) Co., Ltd. (Corporate
Seal) (chopped)

 

The legal representative: /s/ Yang Dongjie (Signature)

 

/s/ Kuan Song (Signature)

 

/s/ Pan Zong (Signature)EXHIBIT 4.17

 

Exclusive Purchase Agreement

 

This Exclusive Purchase Agreement (this
“Agreement”) is entered into on May 27, 2015 in Shanghai China between

 

Party A

 

Acorn Information Technology (Shanghai) Co., Ltd.

 

Domicile: Room 669-05
Building No. 2, 351 Guo Shoujing Road, Zhangjiang High-Tech Park, Shanghai

 

Party B

 

Kuan Song

 

	ID Card No.:	 	410503198209212012
	Address:	 	Room 2202, Floor 5, Building 25, Ganlu Garden Nan Li, Chaoyang District, Beijing

 

Pan Zong

 

	ID Card No.	 	ID: 410901198605200020
	Address:	 	Room 9, Unit 1, Building 4, Yard 7, Kaizhou Road, Hualong District, Puyang City, Henan Province

 

Party C

 

Beijing Acorn Trade Co., Ltd. (the “Beijing Acorn”)

 

Domicile: East Wing,
First Floor, Jindu Office Building, No. 115 Fucheng Road, Haidian District, Beijing

 

Party A, Party B and Party
C will each be referred to as “a Party” herein and collectively as “the Parties”.

 

Whereas

 

	(1)	Party B constitutes two shareholders of Beijing Acorn, with Kuan Song holding 90% of its equity, and Pan Zong holding 10%;

 

	(2)	Party A and Party B have entered into a Loan Agreement dated May 27, 2015 (the “Loan Agreement”), pursuant to which Party A shall provide loans to Party B for Party B to acquire Beijing Acorn’s equity and to increase Beijing Acorn’s registered capital;

 

	(3)	Party A and Party C entered into an Exclusive Technical Service Agreement dated  May 27, 2015  (the “Service Agreement”), pursuant to which Party A shall provide to Party C technical services;

 

	(4)	Party A and Party B entered into an Equity Pledge Agreement dated May 27, 2015  (the “Pledge Agreement”), pursuant to which Party B shall pledge all its equity interest in Party C (including Party B’s equity interest in the capital increase of Party C) to Party A.

 

Therefore, in consideration of the foregoing premises
and the mutual promises set forth below, the Parties agree as follows:

 

	1.	Equity Purchase

 

	(1)	Party B hereby irrevocably grants to Party A the right to purchase at any time, or designate any third party to purchase, all or part of Party B’s equity interest in Party C, provided permitted under Chinese laws and regulations. Apart from Party A or any third party designated by Party A, no other person shall have the right to purchase such equity interest. Party C agrees to such grant by Party B to Party A. For the purpose of this Agreement, a “third party” or a “person” may be a natural person, company, partnership, enterprise, trust agency or other non-corporate entity.

 

     

     

    

  

	(2)	To the extent permitted under Chinese laws and regulations, Party A shall exercise such right to purchase the equity interest by written notice to Party B specifying the amount of equity to be purchased;

 

	(3)	Unless otherwise required under Chinese laws and regulations, the transaction price for the equity transfer hereunder shall be the lowest price permitted under Chinese law;

 

	(4)	All the money obtained by Party B from transfer of its interest in Party C hereunder shall be used to satisfy Party B’s payment obligations under the Loan Agreement.

 

	2.	Representations and Warranties

 

	(1)	Party B and Party C hereby warrants that, with respect to Party C,

 

	 	a.	without Party A’s prior written consent, they shall not supplement or amend its articles of association or rules of the company in any manner, nor shall they increase or decrease its registered capital or change its shareholding structure in any manner;

 

	 	b.	they will prudently and effectively maintain its business operations according to good financial and business standards;

 

	 	c.	without Party A’s prior written consent, they shall not transfer, mortgage or otherwise dispose of the lawful rights and interests to and in its assets or incomes, nor shall they encumber their assets and income in any way that would affect Party A’s security interest;

 

	 	d.	they shall not incur or succeed to any debts, nor shall they provide guarantee for or permit the existence of any debts, except those that are incurred during its normal business operation or agreed to or confirmed by Party A in advance;

 

	 	e.	without Party A’s prior written consent, they shall not enter into any material contract (exceeding RMB1,000,000 in value), unless it is necessary for the company’s normal business operation;

 

	 	f.	without Party A’s prior written consent, they shall not provide any loans or guarantee to any third party;

 

	 	g.	at Party A’s request, they shall provide Party A with all information regarding Party C’s business operation and financial condition;

 

	 	h.	they shall purchase insurance from insurance companies acceptable to Party A in such amounts and of such kinds as are customary in the region among companies doing similar business and having similar assets;

 

	 	i.	without Party A’s prior written consent, they shall not acquire or consolidate with any third party, nor shall they invest in any third party;

 

	 	j.	they shall promptly notify Party A of any pending or threatened lawsuit, arbitration or administrative dispute which involve Party C’s assets, business or incomes;

 

	 	k.	without Party A’s prior written consent, they shall not distribute any dividends to the shareholders in any manner, and, at Party A’s request, they shall promptly distribute all distributable dividends to the shareholders; and

 

	 	l.	at Party A’s request, they shall appoint, and appoint only, the directors of the company who are nominated by Party A;

 

	(2)	Party B undertakes that:

 

	 	a.	apart from relevant provisions in the Equity Interest Pledge Agreement between Party A and Party B, without Party A’s prior written consent, it shall not sell, transfer, mortgage or otherwise dispose of its lawfully acquired equity interests in Party C; nor shall it place encumbrances on such equity interest that would affect the security interests of Party A ;

 

     

     

    

 

	 	b.	in addition to complying with relevant provisions in the Equity Interest Pledge Agreement between Party A and Party B, it shall cause the directors appointed by it not to approve any sell, transfer, mortgage or otherwise disposal of its lawfully acquired equity interests in Party C, nor shall it place encumbrances on such equity interests that would affect the security interest of Party A;

 

	 	c.	it shall cause the Party C’s directors appointed by it not to approve any acquisition of, any consolidation with, or any investment in any third party without Party A’s prior written consent;

 

	 	d.	it shall promptly notify Party A of any pending or threatened lawsuit, arbitration or administrative dispute involving its equity interests in Party C;

 

	 	e.	it shall cause Party C’s directors appointed by it to vote for the equity transfer contemplated herein;

 

	 	f.	without Party A’s prior written consent, it shall prohibit from committing any act or omission that would materially affect Party C’s assets, business or liabilities;

 

	 	g.	it shall appoint, and appoint only, Party C’s directors that are nominated by Party A;

 

	 	h.	to the extent permitted by the laws of China, and at any time upon Party A’s request, it shall promptly and unconditionally transfer all of its equity interest in Party C to Party A or a third party designated by Party A, and cause Party C’s other shareholders to waive their rights of first refusal with respect to such transfer;

 

	 	i.	to the extent permitted by the laws of China, and at any time upon Party A’s request, it shall cause Party C’s shareholders to promptly and unconditionally transfer all of their equity interests in Party C to Party A or a third party designated by Party A, and waiver their rights of first refusal with respect to such transfer; and

 

	 	j.	it shall strictly comply with the provisions of this Agreement, the Equity Pledge Agreement and the Loan Agreement and effectively perform its obligations hereunder and thereunder, and shall be prohibited from committing any act or omission which may affect the validity or enforceability of the above agreements.

 

	3.	Taxes and Fees

 

The Parties shall pay, in accordance with
relevant Chinese laws, their respective equity transfer and registration taxes and other charges arising from their preparation
and execution of this Agreement and the Equity Transfer Agreement and the completion of the transactions contemplated herein and
therein.

 

	4.	Notice

 

Unless there is a written notice regarding
change of address, all notices relating to this Agreement shall be addressed in accordance with the following and delivered by
personal delivery, fax or registered mail. If notice is given through registered mail, the date on the confirmation slip shall
be deemed the date of delivery. If notice is given by personal delivery or via fax, the date of actual receipt shall be deemed
the date of delivery. In the case of delivery via fax, the original copy of the notice shall be sent to the following relevant
address by personal delivery or by registered mail.

 

Party A

 

Acorn Information Technology (Shanghai) Co. Ltd.

 

Domicile: Room 669-05
Building No. 2, 351 Guo Shoujing Road, Zhangjiang High-Tech Park, Shanghai

 

Party B

 

	Kuan Song	 	 
	Address:	 	Room 2202, Floor 5, Building 25, Ganlu Garden Nan Li, Chaoyang District, Beijing
	 	 
	Pan Zong	 	 
	Address:	 	Room 9, Unit 1, Building 4, Yard 7, Kaizhou Road, Hualong District, Puyang City, Henan Province

 

     

     

    

 

Party C

 

Beijing Acorn Trade Co., Ltd.

 

Domicile: East Wing,
First Floor, Jindu Office Building, No. 115 Fucheng Road, Haidian District, Beijing

 

	5.	Governing Law and Dispute Resolution

 

	(1)	This Agreement shall be governed by and interpreted in accordance with the laws of the People’s Republic of China.

 

	(2)	Disputes in connection with or arising out of the performance of
    this Agreement shall first be resolved through consultation between the Parties. If a dispute cannot be resolved within 30 days after consultation begins, either Party may bring the dispute to the China International Economic and Trade Arbitration Commission in Beijing for arbitration under the auspices of three arbitrators designated in accordance with its rules. The arbitration award shall be final and binding upon the Parties.

 

	(3)	Except the matters in dispute, the Parties shall continue to perform other provisions hereof pending the resolution of the dispute.

 

	6.	Miscellaneous Provisions

 

	(1)	This Agreement shall be concluded after the signatures or seals of the Parties are affixed to it. The Parties agree that this Agreement will become effective as of the execution date. The term of this Agreement shall be ten years starting from the effective date. Unless Party A terminates this Agreement by written notice three months before the expiration of the term, this Agreement shall automatically be renewed for a term of another ten years.

 

	(2)	Any successor to a Party hereto shall assume the rights and obligations of such Party as if it were a Party to this Agreement.

 

	(3)	Any amendment or supplement hereto shall not be valid without a written agreement between the Parties.

 

	(4)	The invalidity of any part of this Agreement shall not affect the validity of any other part hereof.

 

	(5)	This Agreement is executed in Chinese in four equally valid original copies, with one for each of the Parties. The Parties may execute more counterparts if necessary.

 

	(6)	This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof, and supersedes all oral and written understandings and agreements between the Parties with respect to the subject matter prior to the effectiveness of this Agreement. This Agreement shall not be amended without the consent of Party B’s auditing committee or other independent institution of its board of directors.

 

[The remainder of this page is left intentionally
blank]

  

(This is the signature page,
which does not contain any part of the text of this Agreement)

 

Acorn Information Technology (Shanghai) Co., Ltd. (Corporate
Seal) (chopped) 

 

Legal Representative: /s/ Yang Dongjie
(signature)

 

/s/ Kuan Song (signature)

 

/s/ Pan Zong (signature)

 

Beijing Acorn Trade Co., Ltd. (Corporate Seal) (chopped)

 

Legal Representative: /s/ Yang Dongjie
(signature

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