Document:

XcelMobility Inc. - Exhibit 10.8 - Filed by newsfilecorp.com

 

 

 

Loan Agreement 

 

By and between 

 

The Shareholder of Shenzhen CCPower Corporation

(“Borrower”) 

 

and 

 

Shenzhen CCPower Investment Consulting Co., Ltd. 

(“Lender”) 

 

August 22, 2011 

	Loan Agreement
  

Loan Agreement 

This Loan Agreement (“this Agreement”) is executed by
and among the following Parties on August 22, 2011. 

	(1) 	
      Shareholder of Shenzhen CCPower Corporation (hereinafter
      as “Borrower”), as follows:

	Name of the 

      Shareholder 	Shareholding 

      Ratio % 	Contribution 
	ID Card No. 

	Wang Xili 	100% 	10,000,000 	420104196707150843 

and

	(2) 	
      Shenzhen CCPower Investment Consulting Co., Ltd.
      (hereinafter called the “Lender”), a wholly foreign owned
      enterprise registered in China with its registered address at Art 1109,
      1st floor, Block One, .Meilinduoli Industrial Park, Meihua Road, Futian
      District, Shenzhen, PRC; . It’s legal representative is Renyan
  GE.

(Borrower and Lender are collectively called “the
Parties” or “each Party” or “a Party” respectively.) 

WHEREAS: 

	(1) 	
      Borrower holds 100% of the Equity Interests in Shenzhen
      CCPower Corporation (the “Company”);

	 	 
	(2) 	
      Lender is a wholly foreign owned enterprises incorporated
      in Shenzhen in accordance with the laws of People’s Republic of
    China;

	 	 
	(3) 	
      Borrower desires to borrow from Lender for the operations
      of the Company by pledging her equity in the Company to Lender as the
      guaranty hereof, and Lender agrees to provide such loan to
  Borrower.

NOW, THEREFORE, The Parties made and entered into this
Agreement with respect to the Loan hereunder through friendly negotiation as
follows: 

	1. 	
      Definitions

Except provided otherwise, the terms under this Agreement shall
mean: 

	1.1 	
      “Assets Transfer” refers to the assignment of the
      Company’s assets to Lender or its designated third party in accordance
      with the provisions of the exclusive purchase option agreement (the
      “Exclusive Purchase Option Agreement”) executed on the execution date of this
  Agreement;

1

	Loan Agreement 

	1.2 	
      “Company” refers to Shenzhen CCPower Corporation,
      a domestic company which is incorporated and validly existing under the
      PRC Laws, its business license No. is 440301103295389, and its registered
      address is 706A, Block B, Tianan Cyber Times Building, Chegongmiao
      Industrial Park, Shennanxi Road, Futian District, Shenzhen;

	 	 
	1.3 	
      “Equity” or “Equity Interests” refers to
      one hundred percent (100%) of the equity interests in the Company owned by
      Borrower;

	 	 
	1.4 	
      “Equity Transfer” refers to the assignment of
      Company’s Equity Interests held by Borrower to Lender or its designated
      third party in accordance with the provisions of the Exclusive Purchase
      Option Agreement;

	 	 
	1.5 	
      “Loan” refers to the Total Principal loaned to
      Borrower by Lender in accordance with Article 2
hereunder;

	 	 
	1.6 	
      “PRC” refers to the People’s Republic of China,
      for the purpose of this Agreement, excluding the Hong Kong Special
      Administrative Region, Macao Special Administrative Region and Taiwan
      Province;

	 	 
	1.7 	
      “PRC Laws” refers to all PRC laws, administrative
      regulations and government rules in effect now or as they may be modified
      throughout the term of this Agreement;

	 	 
	1.8 	
      “RMB” refers to the legal currency within the
      PRC;

	 	 
	1.9 	
      “Shareholder” or “Borrower” refers to the
      owner of the Equity Interests in the Company.

	2. 	
      The Total Loan Amount

The total principal of the Loan hereunder is 10,000,000 RMB
(“Total Principal”). 

	3. 	
      Term of the Loan

	 	 
		
      Unless otherwise provided, the term of Loan shall
      commence upon the obtaining of the Loan by Borrower and expire when the
      Loan is completely repaid by Borrower in accordance with the provisions of
      Article 6 hereunder or expressly waived in writing by
  Lender.

2

	Loan Agreement 

	4.	Loan Usage
	 	 
	4.1 	
      The Total Principal of the Loan provided hereunder shall
      be used by Borrower for the operations of the Company, and Borrower shall
      in no event change the usage without the prior written consent by Lender.
      Borrower hereby covenants and agrees to contribute, within two (2) working
      days immediately following the funding of the Loan, the Total Principal of
      the Loan to the bank account of the Company.

	 	 
	5. 	
      Loan Interest

	 	 
	5.1 	
      Except as provided in Section 5.2 hereunder, the
      Loan hereunder shall be interest-free.

	 	 
	5.2 	
      When the Equity Transfer or the Assets Transfer set forth
      in the Article 6 hereof takes place and if the deemed value of the
      consideration of Equity Transfer or consideration of Assets Transfer in
      accordance with Article 6 hereof is higher than the Total Principal
      due to the requirement by the then applicable law or any other reason, the
      excess shall be deemed to be interest on the Loan (the “Interest”)
      to the maximum extent being permitted by the PRC Laws, and shall be repaid
      to Lender by Borrower together with the Total Principal pursuant to the
      consideration of Equity Transfer or consideration of Assets Transfer, as
      the case may be, in accordance with Article 6 hereof. Borrower
      further agrees to handle the balance in excess of the permitted Interest
      according to Lender’s instruction.

	 	 
	6. 	
      Repayment

	 	 
	6.1 	
      The Loan shall become due and payable upon request of
      Lender after the completion of the Equity transfer or the Assets transfer.
      Lender shall be entitled to demand the repayment at any time by the
      delivery of a written notice of demand for repayment sent by Lender to
      Borrower (“Repayment Notice”). The Repayment Notice shall indicate
      Lender’s election for the Loan to be repaid by way of the consideration of
      Equity Transfer or consideration of Assets Transfer in accordance with
      Section 6.3, or by other manner set forth in the Repayment
      Notice.

	 	 
	6.2 	
      Repayment Notice shall indicate the terms and conditions
      for repayment of the Loan (“Repayment Terms”).

	 	 
	6.3 	
      Except as provided otherwise by Repayment Notice,
      Borrower shall repay the Loan to Lender in accordance with the following
      provisions:

	 	6.3.1 	
      In the event of an Equity Transfer under the Exclusive
      Purchase Option Agreement, the Loan shall be repaid in full by way of
      Borrower’ payment to Lender of the consideration of Equity Transfer paid
      by Lender to Borrower, net of any tax paid by the
      Shareholder on such consideration (the “Consideration of Equity
      Transfer”) (If the deemed value of the Consideration of Equity
      Transfer is higher than the Total Principal, the excess shall be deemed to
      be Interests of the Loan to the maximum extent being permitted by PRC
      Laws. Borrower further agrees to handle the balance in excess of the
  permitted Interest according to Lender’s instruction);

3

	Loan Agreement 

	 	6.3.2 	
      In the event of an Assets Transfer, the Loan shall be
      repaid in full by way of Borrower’ payment to Lender of her allocable
      portion, to the maximum extent as permitted by PRC Laws, of the
      consideration paid by Lender to the Company for the Assets Transfer, net
      of any tax paid by the Company or the Shareholder on such consideration
      (the “Consideration of Assets Transfer”) (If the deemed value of
      the Consideration of Assets Transfer is higher than the Total Principal,
      the excess shall be deemed to be Interest on the Loan to the maximum
      extent being permitted by PRC Laws. Borrower further agrees to handle the
      balance in excess of the permitted Interest according to Lender’s
      instruction);

	6.4 	
      If the deemed value of the Consideration of Equity
      Transfer or Assets Transfer is lower than the Total Principal under this
      Agreement, Borrower shall be exempted from the shortfall repayment
      obligation.

	 	 
	7. 	
      Conditions for Granting of the Loan

	 	 
	7.1 	
      Lender shall grant the Loan immediately following the
      receipt of the written evidence which proves that the Parties have
      fulfilled all the following conditions hereof (or subject to any waiver by
      Lender of any conditions as follows):

	 	7.1.1 	
      Lender has obtained all of the required licenses,
      permits, approvals and registrations to open its capital account and
      current bank accounts and has commenced its business;

	 	 	 
	 	7.1.2 	
      Borrower has signed the Equity Pledge Agreement set forth
      in Article 9 hereof; and

	 	 	 
	 	7.1.3 	
      The warranties and undertakings made by Borrower in
      Article 8 hereof shall be true, correct and complete in all aspects
      when made, and shall be true, correct and complete in all aspects during
      the term of the Loan.

	7.2 	
      Borrower shall cause the Total Principal amount to be
      transferred directly to the Company’s bank account for the operations of
      the Company.

4

	Loan Agreement 

	8.	Borrower’s Warranties and
  Undertakings
	 	 
	8.1 	
      Borrower hereby represents and warrants to Lender that,
      as of the execution date of this Agreement:

	 	 	 
		8.1.1 	
      Borrower legally holds one hundred percent (100%) of the
      Equity Interests in the Company and there are no other options, warrants,
      rights, agreements or understandings by which any person has a right or
      claim to acquire from the Company or from Borrower any equity interest in
      the Company;

	 	 	 
		8.1.2 	
      Except as otherwise provided in the Equity Pledge
      Agreement and Exclusive Purchase Option Agreement, there is no pledge or
      other forms of encumbrances or claims on the Equity Interests;

	 	 	 
		8.1.3 	
      There are no material debts which adversely affect the
      Loan borrowed by Borrower from Lender;

	 	 	 
		8.1.4 	
      Borrower has obtained all the necessary written approvals
      and authorizations from every relevant third party, if any, with respect
      to Borrower’ execution and implementation of this Agreement; and

	 	 	 
		8.1.5 	
      Execution of this Agreement by Borrower shall not
      constitute any breach of the Article of Associations of the
  Company.

	8.2 	
      Borrower undertakes, and will also cause the Company to
      undertake, the followings:

	 	 	 
		8.2.1 	
      Except as otherwise provided in the Equity Pledge
      Agreement and Exclusive Purchase Option Agreement and other agreements
      signed among Borrower, the Company and the Lender, without Lender’s prior
      written consent, Borrower and Company shall not transfer, sell, mortgage
      or otherwise dispose of or encumber any assets or incomes of the
      Company;

	 	 	 
		8.2.2 	
      Without Lender’s prior written consent, Borrower shall
      not engage in any business or operation which is in competition with the
      Company, the Company’s owned or controlled subsidiaries and Lender, nor
      shall Borrower invest in or work for any company or entity which is in
      competition with the Company, the Company’s owned or controlled
      subsidiaries, or Lender;

	 	 	 
		8.2.3 	
      Without Lender’s prior written consent, Borrower shall
      not take action to supplement or amend the Articles of Association of the
      Company, nor to increase or decrease the registered capital or change the
      shareholding structure of the Company in any manner;

	 	 	 
		8.2.4 	
      Without Lender’s prior written consent, Borrower or the
      Company shall not take action to, and shall prevent the Company from
      taking action to approve, cause or allow the dissolution, liquidation or
      change of legal form of the Company or any of its owned and controlled
      subsidiaries;

	 	 	 
		8.2.5 	
      Without Lender’s prior written consent, the shareholder’s
      meeting of the Company shall not approve, cause or allow any profit
      distribution proposal, nor shall Borrower accept such distributed
      dividends; at Lender’s request, Borrower shall promptly convene the
      shareholder’s meeting of the Company for the purpose of allocating the
      Company’s distributable profits, approve for the profit distribution
      proposal, which has been approved by Lender in writing in advance, and
  accept such distributed dividends;

5

	Loan Agreement 

	 	8.2.6 	
      At Lender’s request, Borrower shall provide Lender with
      all information regarding the Company’s business operation and financial
      condition;

	 	 	 
	 	8.2.7 	
      Without Lender’s prior written consent, Borrower shall
      not incur or succeed to any debts or liabilities which may adversely
      affect her Equity Interests;

	 	 	 
	 	8.2.8 	
      Borrower shall appoint, and appoint only, the candidates
      nominated by Lender to the board of directors and supervisor office of the
      Company, and shall not replace such candidates without Lender’s written
      consent;

	 	 	 
	 	8.2.9 	
      Except as Lender may otherwise consent in writing in
      advance, Borrower shall not cause the Company shareholder’ meeting and the
      board of directors to approve any establishment of new subsidiary, any
      acquisition by, any consolidation with, or any investment in any third
      party;

	 	 	 
	 	8.2.10 	
      Borrower shall promptly notify Lender of any pending or
      threatened lawsuit, arbitration or administrative disputes which involve
      the assets, business or incomes of the Company; and make every effort to
      take action to resolve such lawsuit, arbitration or administrative
      disputes for safeguarding the legal rights and interests of the
      Company;

	 	 	 
	 	8.2.11 	
      Without Lender’s prior written consent, Borrower shall
      not take action to approve, cause or allow any conduct that could
      materially affect the Company’s assets, business or liabilities;
  and

	 	 	 
	 	8.2.12 	
      Borrower shall strictly comply with the provisions of
      this Agreement, and effectively perform its obligations hereunder, and
      shall be prohibited from committing any conduct which may affect the
      validity or enforceability of this Agreement.

	9. 	
      Guaranty of the Loan

To secure the repayment of the Loan hereunder, Borrower agrees
to pledge all her Equity Interests in the Company to Lender, and all Parties
agree to execute the Equity Pledge Agreement with respect thereto. 

	10. 	
      Tax and Expense

	 	 
	10.1 	
      The Parties shall pay their respective taxes and expenses
      in relation to the execution and performance hereof in accordance with the
      PRC Laws. Borrower may charge her taxes and expenses in relation to the
      execution and performance hereof to the Company, upon Lender’s prior
      approval.

6

	Loan Agreement 

	10.2 	
      Lender shall pay the taxes and expenses in accordance
      with Section 6.4 hereof (if applicable).

	 	 
	11. 	
      Assignment of Agreement

	 	 
	11.1 	
      Borrower shall not transfer any or all of her rights and
      obligations under this Agreement to any third party without the prior
      written consent of Lender.

	 	 
	11.2 	
      The Parties agree that Lender shall be allowed, at its
      own discretion, to transfer any or all of its rights and obligations under
      this Agreement to any third party upon the delivery of a five (5)–day
      written notice to Borrower.

	 	 
	12. 	
      Liabilities and Indemnities for Breach of this
      Agreement

	 	 
	12.1 	
      If Borrower fails to use the Loan in compliance with the
      terms and conditions of this Agreement, Lender may require Borrower to
      promptly repay the unduly used part.

	 	 
	12.2 	
      If Borrower breaches any warranty or undertaking as
      provided in Article 8 or other provisions under this Agreement
      hereof, or the Company breaches any provisions provided in the Technology
      Service Agreement, Consigned Management and Service Agreement or Exclusive
      Purchase Option Agreement or other agreements signed among Borrower, the
      Company and Lender, and fail to redress such breach within fifteen (15)
      days upon receipt of the written notice from Lender, Lender shall be
      entitled to request Borrower to repay the granted Loan
  immediately.

	 	 
	12.3 	
      If Borrower fails to repay the Loan in compliance with
      the terms and conditions of this Agreement, Borrower should pay a damage
      of 0.03% of the unpaid part of the repayable Loan on each day of delay to
      Lender. If the repayment is delayed for more than fifteen (15) days,
      Lender is entitled to foreclose its equity pledge rights in accordance
      with the Equity Pledge Agreement.

	 	 
	13. 	
      Effectiveness, Modification and
  Cancellation

	 	 
	13.1 	
      This Agreement shall take effect on the date of execution
      hereof by the Parties.

	 	 
	13.2 	
      The modification of or amendment to this Agreement shall
      not be effective without written agreement of the Parties through the
      negotiation.

	 	 
	13.3 	
      This Agreement shall not be terminated or canceled
      without written agreement through negotiation, provided Lender may, by
      delivering a thirty (30)-day prior notice to Borrower hereto, terminate this
  Agreement.

7

	Loan Agreement 

	13.4 	
      Unless Lender fails to grant the Loan as required
      hereunder after the satisfaction of all conditions as set forth in
      Section 7.1 hereunder by Borrower, Borrower shall not be entitled
      to unilaterally terminate this Agreement.

	14. 	
      Confidentiality

	 	 	 
	14.1 	
      The negotiation, execution and articles of this Agreement
      and any information, documents, data and all other materials (herein
      “Confidential Information”) arising out of the implementation of
      this Agreement, shall be kept in strict confidential by the Parties.
      Without the written approval by the other Parties, neither of the Parties
      shall disclose to any third parties any Confidential Information, but the
      following shall not be considered to be “Confidential
  Information”:

	 	 	 
		(1) 	
      The materials that are known by the general public (but
      not including the materials disclosed by a party receiving the materials
      in breach of this Agreement); or

	 	 	 
		(2) 	
      The materials required to be disclosed subject to the
      applicable laws or the rules or provisions of any stock
  exchange.

		
      The materials disclosed by each Party to its legal or
      financial consultants relating to the transactions under this Agreement,
      provided the legal or financial consultants shall comply with the
      confidentiality set forth in this Section. The disclosure of the
      confidential materials by staff or employed institution of any Party shall
      be deemed as the disclosure of such materials by such Party, and such
      Party shall bear the liabilities for breaching the contract.

	 	 
	14.2 	
      This Article shall survive whatever this Agreement is
      invalid, amended, revoked, terminated or unable to implement by any
      reason.

	 	 
	15. 	
      Force Majeure

	 	 
	15.1 	
      “Force Majeure” refers that any event that could
      not be foreseen, and could not be avoided and overcome, which includes
      among other things, but without limitation, acts of nature (such as
      earthquake, flood or fire), government acts, strikes or riots;.

	 	 
	15.2 	
      If an event of Force Majeure occurs, any of the Parties
      who is prevented from performing its obligations under this Agreement by
      an event of Force Majeure shall notify the other Party without delay and
      within fifteen (15) days of the event provide detailed information about
      and notarized documents evidencing the event and take appropriate means to
      minimize or remove the negative effects of Force Majeure on the other Party, and shall not assume
      the liabilities for breaching this Agreement. While the Force Majeure is
      continuing, the Party alleging breach may suspend her performance. The
      Parties shall keep on performing this Agreement after the event of Force
  Majeure disappears.

8

	Loan Agreement 

	16. 	
      Governing Law and Dispute Resolution

	 	 
	16.1 	
      The effectiveness, interpretation, implementation and
      dispute-resolution related to this Agreement shall be governed under PRC
      Laws.

	 	 
	16.2 	
      Any dispute arising out of this Agreement shall be
      resolved by Parties through mutual negotiation. If Parties could not reach
      an agreement within thirty (30) days since the dispute is brought forward,
      any Party may submit the dispute to China International Economic and Trade
      Arbitration Commission in Beijing for arbitration under its applicable
      rules, the language of arbitration proceedings shall be English. The
      arbitration award should be final and binding upon both parties.

	 	 
	16.3 	
      During the process of dispute-resolution, Parties shall
      continue to perform other terms under this Agreement, except for provision
      of dispute resolution.

	 	 
	17. 	
      Miscellaneous

	 	 
	17.1 	
      The Parties acknowledge that this Agreement constitutes
      the entire agreement of the Parties with respect to the subject matters
      therein and supersedes and replaces all prior or contemporaneous oral or
      written agreements and understandings.

	 	 
	17.2 	
      This Agreement shall bind and benefit the successor of
      each Party and the transferee permitted hereunder with the same rights and
      obligations as if the original parties hereof.

	 	 
	17.3 	
      Any notice required to be given or delivered to the
      Parties hereunder shall be in writing and delivered to the address as
      indicated below or such other address or as such party may designate, in
      writing, from time to time. All notices shall be deemed to have been given
      or delivered upon by personal delivery, fax and registered mail. It shall
      be deemed to be delivered upon: (1) registered air mail: five (5) business
      days after deposit in the mail; (2) personal delivery or by fax: two (2)
      business days after transmission. If the notice is delivered by fax, it
      should be confirmed by original through registered air mail or personal
      delivery:

Borrower: Wang Xili 

9

 

	Loan Agreement 

Address: 706A, Block B, Tianan Cyber
Times Building, Chegongmiao Industrial Park, Shennanxi Road, Futian District,
Shenzhen; 

Tel:    0755-8348-7858

Fax:    0755-8348-7881

Lender: Shenzhen CCPower Investment
Consulting Co., Ltd. 

Contact person: Renyan GE 

Address: Art 1109, 1st floor, Block
One, .Meilinduoli Industrial Park, Meihua Road, Futian District, Shenzhen, PRC;

Tel:    136-3266-8228

	17.4 	
      If any provision of this Agreement shall be invalid,
      illegal or unenforceable, the validity, legality and enforceability of the
      remaining portions shall not in any way be affected or impaired thereby.
      In such event, the Parties shall use best efforts to negotiate, in good
      faith, a substitute, valid and enforceable provision or agreement which
      effects the Parties original intention to the largest extent.

	 	 
	17.5 	
      This Agreement shall be executed in English and Chinese
      language versions, each of which shall have equal validity. However, in
      the event of any inconsistency between the two, the English language
      version shall govern and control.

	 	 
	17.6 	
      This Agreement is executed in two (2) copies with each of
      the person signing this Agreement holding one copy. Each of copy shall be
      equally valid and authentic.

10

 

	Loan Agreement 

IN WITNESS THEREFORE, the
parties hereto have caused this Agreement to be executed and delivered as of the
date first above written. 

For and on behalf of 

Borrower: 
Shareholder of Shenzhen CCPower
Corporation 

Wang Xili: /s/ Wang
Xili                                                       
 

 

Lender: 

Shenzhen CCPower Investment Consulting Co., Ltd. 

Legal Representative: Renyan GE 

Signature & Seal: /s/ Renyan
Ge                                          
 

11XcelMobility Inc. - Exhibit 10.9 - Filed by newsfilecorp.com

 

 

 

Exclusive Purchase Option Agreement 

by and among 

 

Shenzhen CCPower Investment Consulting Co., Ltd.

 

Shenzhen CCPower Corporation 

 

and

 

The Shareholder of Shenzhen CCPower Corporation 

 

 

August 22, 2011 

	Exclusive
      Purchase Option Agreement 

Exclusive Purchase Option Agreement 

This Exclusive Purchase Option Agreement (the
“Agreement”) is entered into on August 22, 2011 by and among the
following parties. 

	(1) 	
      Shenzhen CCPower Investment Consulting Co., Ltd.
      (hereinafter called “Party A”), a wholly foreign owned enterprise
      registered in China with its registered address at Art 1109, 1st floor,
      Block One, .Meilinduoli Industrial Park, Meihua Road, Futian District,
      Shenzhen, PRC and its legal representative named Renyan GE ;

	 	 
	(2) 	
      Shenzhen CCPower Corporation (hereinafter called “Party
      B”), an enterprise duly registered in China with its registered address at
      706A, Block B, Tianan Cyber Times Building, Chegongmiao Industrial Park,
      Shennanxi Road, Futian District, Shenzhen. and its legal representative
      named Wang Xili; and

	 	 
	(3) 	
      Shareholder of Shenzhen CCPower Corporation (hereinafter
      called “Shareholder”), as follows:

	Name of the 
Shareholder 	Shareholding 
Ratio % 	Contribution 
	ID Card No. 

	Wang Xili 	100% 	10,000,000 	420104196707150843 

Party A, Party B, and Shareholder are hereinafter from time to
time, collectively, referred to as the “Parties”, and each of them is
hereinafter from time to time referred to as a “Party”; The equity
interests in Party B held by Shareholder or any shareholder now existing or
hereafter acquired is hereinafter from time to time referred to as the
“Equity Interests” or “Equity”. 

WHEREAS: 

	1. 	
      Party A, a wholly foreign-owned enterprise incorporated
      under the laws of the People’s Republic of China (the “PRC”), which
      engages in project investment consultancy, enterprise management
      consultancy, economic information consultancy; computer software and
      hardware technical development; goods and technology import and export
      business (excluding distribution of imported goods);;

	 	 
	2. 	
      Party B, a domestic limited liability company
      incorporated under PRC laws, engages in the business of operation of
      industrial business (detailed project to be declared); domestic commercial
      and material supply and marketing (excluding commodities subject to
      exclusive operation, control or sale); technical development of electronic
      products, computer network, software and hardware; information consultancy
      (excluding restrictive projects); import and export business (operation
      subject to import and export qualification
license);

1

	Exclusive Purchase
      Option Agreement 

	3. 	
      As of the date of this Agreement, Party B’s registered
      capital is RMB 10,000,000 and the structure of the shareholdings owned by
      Shareholder in Party B is set forth above;

	 	 
	4. 	
      To secure the performance of the obligations assumed by
      Party B and the Shareholder under this Agreement, the Shareholder agrees
      to pledge all equity in Party B to Party A, and has executed an Equity
      Pledge Agreement on the date of the execution date of this Agreement
      (“Individual Equity Pledge Agreement”).

NOW, THEREFORE, the Parties through mutual negotiations
hereby enter into this Agreement with respect of the exclusive purchase option
right: 

	1. 	
      The Grant and Exercise of Purchase
Option

	 	 
	1.1 	
      Shareholder hereby irrevocably grants to Party A an
      exclusive purchase right, exercisable at any time by Party A or any third
      party designated by Party A, to purchase all or part of such Shareholder's
      Equity Interests in Party B, subject to the PRC laws and regulations. In
      the case that Shareholder increases or reduces its Equity Interests in
      Party B within the term of this Agreement, the exclusive purchase option
      as provided above shall be automatically expanded (in the case of an
      increase) or reduced (in the case of a reduction) to cover all or part of
      the Equity Interests owned by Shareholder in Party B after such increase
      or reduction is completed. The Shareholder hereby agrees that, without
      Party A's prior written consent, apart from Party A or any third party
      designated by Party A, no other person or entity shall have the right to
      purchase such Equity Interests. Shareholder shall transfer his Equity
      Interests in Party B to Party A or Party A's designee in accordance with
      his shareholding proportion of such Equity Interests at any time when
      Party A selects to purchase all or a portion of the Equity Interests.
      Party B hereby irrevocably consents to such grant by such Shareholder to
      Party A.

	 	 
	1.2 	
      Party B hereby irrevocably grants to Party A an exclusive
      purchase option, exercisable at any time by Party A or any third party
      designated by Party A, to acquire or all or substantially all of Party B’s
      assets, subject to the PRC laws and regulations. Party B hereby agrees
      that, without Party A’s prior written consent, apart from Party A or any
      third party designated by Party A, no other person or entity shall have
      the right to purchase such assets. The Shareholder hereby irrevocably
      consents to such grant by Party B to Party A.

	 	 
	1.3 	
      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.

	 	 
	1.4 	
      To the extent permitted under the PRC laws and
      regulations, Party A shall determine at any time and at its own discretion
      to exercise such exclusive right to (i) purchase the Equity Interests as
      provided in Section 1.1 by a written notice to the applicable
      Shareholder(s) specifying the amount of equity to be purchased
      (hereinafter referred to as “Equity Transfer”) or (ii) purchase all
      or substantially all of Party B’s assets as provided in Section 1.2 (hereinafter referred to as “Assets Transfer”) by a written
      notice to Party B (each referred to as "Exercise
Notice").

2

	Exclusive Purchase
      Option Agreement 

	1.5 	
      Within thirty (30) days of the receipt of the Exercise
      Notice, the Shareholder and Party B shall execute a share/asset transfer
      agreement and other documents with Party A pursuant to the principles set
      forth in this Agreement, in such form as Party A may reasonably request
      (collectively, the "Transfer Documents"), necessary to effect the
      respective transfer of equity or assets to Party A (or any eligible party
      designated by Party A), and shall unconditionally assist Party A to obtain
      all approvals, permits, registrations, filings and other procedures
      necessary to effect the Equity Transfer or Assets Transfer.

	 	 
	1.6 	
      The Parties agree that, unless otherwise required under
      the PRC laws and regulations, the transaction price for the Equity
      Transfer or the Assets Transfer hereunder, as applicable, shall be one
      dollar.

	 	 
	1.7 	
      The consideration paid by Party A to the Shareholder, net
      of any tax paid by the Shareholder on such consideration, for the Equity
      Transfer (the “Consideration of Equity Transfer”) shall be the
      cancellation of all or a part of the Shareholder debt owing under the Loan
      Agreement, and such cancellation shall, in proportion to the proportion of
      the Shareholder’ Equity Interests purchased, satisfy its repayment
      obligations under the Loan Agreement signed by and between Party A and the
      Shareholder on the date of the execution date of this Agreement (the
      “Loan Agreement”);

	 	 
		
      The consideration paid by Party A to Party B, net of any
      tax paid by Party B on such consideration, for the Asset Transfer (the
      “Consideration of Assets Transfer”) hereunder shall be allocated to
      the Shareholder to the largest extent as permitted by PRC laws and
      regulations, through an allocation proposal by which the Consideration of
      Assets Transfer is transferred to the Shareholder. The Shareholder shall
      then immediately fulfill her payment obligations under the Loan Agreement
      by using the allocated Consideration of Assets Transfer. Party B shall
      give full cooperation to such allocation;

	 	 
		
      And if the Consideration of Equity Transfer or Assets
      Transfer is more than the total principal under the Loan Agreement due to
      the requirement by the then applicable law or any other reasons, the
      excess shall be deemed as loan interest of the loan to the largest extent
      being permitted by PRC Laws, and be paid to Party A by the Shareholder
      together with loan principal. In the event there is a premium in excess of
      the permitted Interest as provided in the Loan Agreement between the
      Shareholder and Party A, the Shareholder shall unconditionally return such
      premium to Party A within three (3) days the Shareholder receives such
      payment.

3

	Exclusive Purchase
      Option Agreement 

	2.	Representations and
Warranties
	 	 
	2.1 	
      Each Party hereto represents and warrants to the other
      Parties that: (1) it has all the necessary rights, powers and
      authorizations to enter into this Agreement and perform its duties and
      obligations hereunder; (2) it has obtained the written consents with
      respect to the execution and implementation of this Agreement from each of
      the relevant third parties, if any; and (3) the execution or performance
      of this Agreement shall not violate or conflict with the terms of any
      other contracts or agreements to which it is a party.

	 	 
	2.2 	
      Shareholder hereby represents and warrants to Party A
      that: (1) Shareholder is the legally registered shareholder of Party B and
      has paid full amount of registered capital in Party B as required to be
      contributed by such Shareholder under the PRC laws and regulations; (2)
      Except for the Equity Pledge Agreement executed among the Parties, neither
      Shareholder has created any other mortgage, pledge, secured interests or
      other form of debt liabilities over the Equity Interests held by such
      Shareholder; and (3) neither Shareholder has transferred to any third
      party (and entered into any agreement in respect of) such Equity
      Interests.

	 	 
	2.3 	
      Party B hereto represents and warrants to Party A that:
      (1) it is a limited liability company duly registered and validly existing
      under the PRC laws and regulations; and (2) its business operations are in
      compliance with applicable laws and regulations of the PRC in all material
      respects and it has received all of the required permits and approvals
      which are necessary for maintaining its ordinary operations.

	 	 
	3. 	
      Obligations of Party B and
  Shareholder

The Parties further agree as follows: 

	3.1 	
      Before Party A has acquired all the equity/assets of
      Party B by exercising the exclusive purchase option provided hereunder,
      Party B represents and warrants to Party A:

	 	 
		(a) 	
      without Party A’s prior written consent, Party B shall
      not supplement or amend the Articles of Association or rules of Party B or
      its subsidiaries which are owned or controlled by Party B (the
      “Subsidiaries”) in any manner, nor shall it increase or decrease
      the registered capital or change the shareholding structure of aforesaid
      entities in any manner;

		(b) 	
      Party B shall prudently and effectively maintain its
      business operations according to good financial and business standards so
      as to maintain or increase the value of its assets;

		(c) 	
      Party B shall not transfer, mortgage or otherwise dispose
      of the lawful rights and interests to and in its and any Subsidiary’s
      assets or incomes, nor shall it encumber its own and any Subsidiary’s
      assets and income in any way that would affect Party A’s security
      interests unless as required for the business operation of Party B or upon
      prior written consent by Party A;

		(d) 	
      Party B and any Subsidiary shall not incur or succeed to
      any debts or liabilities without Party A’s prior written
  consent;

4

	Exclusive Purchase
      Option Agreement 

	 	(e) 	
      without Party A’s prior written consent, Party B and any
      Subsidiary shall not enter into any material contract (exceeding RMB
      1,000,000 in value);

	 	(f) 	
      without Party A’s prior written consent, Party B and any
      Subsidiary shall not provide any loans or guaranty (exceeding RMB
      1,000,000 in value) to or receive borrowings (exceeding RMB 1,000,000 in
      value) from, any third party;

	 	(g) 	
      upon Party A’s request, Party B shall provide Party A
      with all information regarding Party B and any Subsidiary’s business
      operation and financial condition;

	 	(h) 	
      Party B shall purchase insurance from insurance companies
      in such amounts and categories as customary in the region among companies
      doing similar business and having similar assets;

	 	(i) 	
      without Party A’s prior written consent, Party B and any
      Subsidiary shall not establish any new subsidiary, acquire or consolidate
      with any third party, or invest in any third party;

	 	(j) 	
      Party B shall promptly notify Party A of any pending or
      threatened lawsuit, arbitration or administrative dispute which involves
      Party B’s and any Subsidiary’s assets, business or incomes, and take
      positive measures against aforesaid lawsuits, arbitrations or
      administrative dispute;

	 	(k) 	
      without Party A’s prior written consent, Party B and any
      Subsidiary shall not distribute any dividends to the Shareholder in any
      manner, and, upon Party A’s request, shall promptly distribute all
      distributable dividends to the Shareholder of Party B;

	 	(l) 	
      without Party A’s prior written consent, Party B shall
      not commit any act or omission that would materially affect Party B’s
      assets, business or liabilities;

	 	(m) 	
      upon Party A’s request, Party B shall promptly and
      unconditionally transfer its assets to Party A or its designated third
      party as permitted by PRC laws and regulations; and

	 	(n) 	
      Party B shall strictly comply with the provisions of this
      Agreement, and efficiently perform its obligations hereunder, and shall be
      prohibited from committing any act or omission which may affect the
      validity or enforceability of this Agreement.

	3.2 	
      Before Party A has acquired all the equity/assets of
      Party B by exercising the exclusive purchase option provided hereunder,
      Shareholder represents and warrants to Party A:

	 	 	 
		(a) 	
      apart from relevant provisions in the Equity Pledge
      Agreements, without Party A’s prior written consent, Shareholder shall not
      individually or collectively transfer, sell, pledge, mortgage or otherwise
      dispose of such Shareholder’s Equity Interests in Party B; nor shall any
      Shareholder place or allow encumbrances on such Shareholder’s Equity
      Interests that would affect Party A’s interest hereunder and
      thereunder;

		(b) 	
      without Party A’s prior written consent, Shareholder
      shall not engage in any business or operation which is in competition with
      Party B, any Subsidiaries and Party A, nor shall any Shareholder invest in or work
      for any company or entity which is in competition with Party B, any
  Subsidiaries and Party A;

5

	Exclusive Purchase
      Option Agreement 

	 	(c) 	
      without Party A’s prior written consent, Shareholder
      shall not supplement or amend the Articles of Association or Rules of
      Party B in any manner, nor to increase or decrease its registered capital
      or change the shareholding structure in any manner;

	 	(d) 	
      without Party A’s prior written consent, Shareholder
      shall not take action to cause a Shareholder’s meeting for the purpose of
      or to approve resolutions for the dissolution, liquidation and change of
      legal form of Party B, and any Subsidiaries;

	 	(e) 	
      Shareholder shall not take action to cause a
      Shareholder’s meeting for the purpose of or to approve resolutions for any
      profit distribution proposal, or accept such distributed dividend without
      Party A’s written consent; upon Party A’s request, the Shareholder shall
      promptly approve for the profit distribution proposal, and accept such
      distributed dividend;

	 	(f) 	
      upon Party A’s request, Shareholder shall provide Party A
      with all information regarding Party B’s business operation and financial
      condition;

	 	(g) 	
      Shareholder shall not incur or succeed to any debts or
      liabilities which may adversely affect its Equity Interests in Party B
      without Party A’s prior written consent, nor shall it enter into any
      Equity transfer agreement or intention letter with any third
  party;

	 	(h) 	
      Shareholder shall appoint, and appoint only, the
      candidates nominated by Party A to the board of directors and supervisor
      office of Party B, and shall not replace such candidates without Party A’s
      prior written consent;

	 	(i) 	
      Shareholder shall guarantee that the shareholder’s
      meeting and directors in Party B’s board appointed by itself will not
      approve any establishment of new subsidiary, any acquisition of, any
      consolidation with, or any investment in any third party without Party A’s
      prior written consent;

	 	(j) 	
      Shareholder shall promptly notify Party A of any pending
      or threatened lawsuit, arbitration or administrative dispute which involve
      Party B’s assets, business or incomes, and take all positive measures
      against aforesaid lawsuits, arbitrations or administrative
  dispute;

	 	(k) 	
      without Party A’s prior written consent, Shareholder
      shall not commit any conduct that would adversely affect Party B’s assets,
      business or liabilities;

	 	(l) 	
      to the extent permitted by the PRC laws and regulations,
      and at any time upon Party A’s request, Shareholder shall promptly and
      unconditionally transfer her Equity Interests in Party B to Party A or a
      third party designated by Party A, and waive her preemptive rights with
      respect to such transfer;

	 	(m) 	
      Shareholder shall guarantee that the shareholder’s
      meeting and directors of Party B appointed by itself approve the necessary
      resolutions in respect of the Equity Transfer or Assets Transfer in this
      Agreement;

	 	(n) 	
      Shareholder shall make every effort to cause Party B to
      perform the obligations of Section 3.1 of this Agreement;
  and

	 	(o) 	
      Shareholder shall strictly comply with the provisions of
      this Agreement, and efficiently perform its obligations hereunder, and
      shall be prohibited from committing any conduct which may
affect the validity or enforceability of this Agreement.  

6

 

	Exclusive Purchase
      Option Agreement 

	3.3 	
      The Shareholder shall, to the extent permitted by
      applicable laws, guarantee Party B's operational term (including the
      circumstance of change of business terms) to be extended to equal to the
      operational term of Party A approved by the relevant authorities
      (including the circumstance of change of business terms).

	 	 
	4. 	
      Guaranty of this Agreement

To secure the performance of the obligations assumed by the
Shareholder and Party B hereunder, the Shareholder agrees to pledge all her
Equity (including any increased Equity owned by the Shareholder within the term
of this Agreement) in Party B to Party A, and the Parties agree to execute
Equity Pledge Agreement with respect thereto. 

	5. 	
      Taxes and Fees

The Parties shall pay, in accordance with relevant PRC laws and
regulations, their respective taxes arising from Equity or Assets Transfer and
related registration formalities and other charges during the transactions
contemplated herein. Party A shall pay the taxes and charges which shall be
payable by Party B arising from Equity Transfer and related registration
formalities, if the consideration of Equity Transfer is lower than, or equal to
the total principal under the Loan Agreement.

	6. 	
      Assignment of Agreement

	 	 
	6.1 	
      Party B and the Shareholder shall not transfer their
      rights and obligations under this Agreement to any third party without the
      prior written consent of Party A.

	 	 
	6.2 	
      Shareholder and Party B agree that Party A shall have the
      right to transfer any or all of its rights and obligations under this
      Agreement to any third party upon five (5)– days written notice to such
      Shareholder(s) and Party B, without approval by such Shareholder or Party
      B.

	 	 
	7. 	
      Events of Default

	 	 
	7.1 	
      Any violation of any provision hereof, incomplete
      performance of any obligation provided hereunder, any misrepresentation
      made hereunder, material concealment or omission of any material fact or
      failure to perform any covenants provided hereunder by any Party shall
      constitute an event of default. The defaulting Party shall assume all the
      legal liabilities pursuant to the applicable PRC laws and
    regulations.

	 	 
	7.2 	
      In the event of default by Party B or Shareholder, Party
      A shall be entitled to exercise the pledgee’s right under the Equity
      Pledge Agreement in the event that Party B and Shareholder commit an event of default and
      fail to redress such default within ten (10) days upon receipt of written
  notification from Party A.

7

	Exclusive Purchase
      Option Agreement 

	8. 	
      Effectiveness, Modification and
  Cancellation

	 	 	 
	8.1 	
      This Agreement shall be effective upon the execution
      hereof by all Parties hereto and shall be terminated after the completion
      of Party A’s acquisition of the Shareholder’s Equity or all of the assets
      of Party B by exercising its exclusive purchase option provided
    herein.

	 	 	 
	8.2 	
      The modification of or amendment to this Agreement shall
      not be effective unless a written agreement is signed by the
    Parties.

	 	 	 
	8.3 	
      This Agreement shall not be terminated or canceled unless
      a written agreement is signed by the Parties, provided Party A may, by
      giving a thirty (30) days prior notice to the other Parties hereto,
      terminate this Agreement.

	 	 	 
	9. 	
      Confidentiality

	 	 	 
	9.1 	
      The negotiation, execution and articles of this Agreement
      and any information, documents, data and all other materials (herein
      “Confidential Information”) arising out of the implementation of
      this Agreement shall be kept in strict confidence by the Parties. Without
      the written approval by the other Parties, none of the Parties shall
      disclose any Confidential Information to any third party, but the
      following shall not be considered to be “Confidential
  Information”:

	 	 	 
		(a) 	
      The materials that are known by the general public (but
      not including the materials disclosed by each party receiving the
      materials in breach of this Agreement); or

		(b) 	
      The materials required to be disclosed subject to the
      applicable laws or the rules or provisions of any stock
  exchange.

		
      The materials may be disclosed by each Party to its legal
      or financial consultant relating to the transaction of this Agreement,
      provided that this legal or financial consultant shall comply with the
      confidentiality provisions set forth in this Section. The disclosure of
      the Confidential Information by staff or employed institution of any Party
      shall be deemed as the disclosure of such Confidential Information by such
      Party, and such Party shall bear the liabilities for breaching the
      Agreement.

	 	 
	9.2 	
      If this Agreement is terminated or becomes invalid or
      unenforceable, the validity and enforceability of Article 9 shall
      not be affected or impaired.

	 	 
	10. 	
      Force Majeure

	 	 
	10.1 	
      An event of Force Majeure means an event that could not
      be foreseen, and could not be avoided and overcome, which includes among
      other things, but without limitation, acts of nature (such as earthquake, flood or
  fire), government acts, strikes or riots;

8

	Exclusive Purchase
      Option Agreement 

	10.2 	
      If an event of Force Majeure occurs, any of the Parties
      who is prevented from performing its obligations under this Agreement by
      an event of Force Majeure shall notify the other Parties without delay and
      within fifteen (15) days of the event provide detailed information about
      and notarized documents evidencing the event and take all reasonable means
      to minimize or remove the negative effects of Force Majeure on the other
      Parties, and shall not assume the liabilities for breaching this
      Agreement. While the Force Majeure is continuing, the Party alleging
      breach may suspect its performance. The Parties shall keep on performing
      this Agreement after the event of Force Majeure disappears.

	 	 
	11. 	
      Applicable Law and Disputes Resolution

	 	 
	11.1 	
      The execution, validity, construing and performance of
      this Agreement and the disputes resolution under this Agreement shall be
      governed by the laws and regulations of the PRC.

	 	 
	11.2 	
      The Parties shall strive to settle any dispute arising
      from or in connection with this Agreement through friendly consultation.
      In case no settlement can be reached through consultation within thirty
      (30) days after such dispute is raised, each party can submit such matter
      to China International Economic and Trade Arbitration Commission for
      arbitration in accordance with its rules. The arbitration shall take place
      in Beijing and the proceedings shall be conducted in English. The
      arbitration award shall be final, conclusive and binding upon the
      Parties.

	 	 
	12. 	
      Miscellaneous

	 	 
	12.1 	
      Entire Agreement. The Parties acknowledge that
      this Agreement constitutes the entire agreement of the Parties with
      respect to the subject matters therein and supersedes and replaces all
      prior or contemporaneous oral or written agreements and
    understandings.

	 	 
	12.2 	
      Successors. This Agreement shall bind and benefit
      any successors of each Party and the transferees permitted hereunder with
      the same rights and obligations as if such successors or transferees were
      the original parties hereof.

	 	 
	12.3 	
      Notice. Any notice required to be given or
      delivered to the Parties hereunder shall be in writing and delivered to
      the address as indicated below or such other address or as such party may
      designate, in writing, from time to time. All notices shall be deemed to
      have been given or delivered upon by personal delivery, fax and registered
      mail. It shall be deemed to be delivered upon: (1) registered air mail:
      five (5) business days after deposit in the mail; (2) personal delivery or
      delivery by fax: two (2) business days after transmission. If the notice
      is delivered by fax, it should be confirmed by original through registered
      air mail or personal delivery.

9

 

	Exclusive Purchase
      Option Agreement 

Party A 
Contact person:
Renyan GE 
Address: Art 1109, 1st floor, Block One, .Meilinduoli Industrial
Park, 
Meihua Road, Futian District, Shenzhen, PRC;
Tel: 136-3266-8228

Party B 
Contact person:
Wang Xili 
Address: 706A, Block B, Tianan Cyber Times Building, Chegongmiao

Industrial Park, Shennanxi Road, Futian District, Shenzhen;
Tel:
0755-8348-7858 
Fax: 0755-8348-7881

Shareholder: Wang Xili

Address: 706A, Block B, Tianan Cyber Times Building, Chegongmiao

Industrial Park, Shennanxi Road, Futian District, Shenzhen;
Tel:
0755-8348-7858 
Fax: 0755-8348-7881

	12.4 	
      Severability. If any provision of this Agreement
      shall be invalid, illegal or unenforceable, the validity, legality and
      enforceability of the remaining portions shall not in any way be affected
      or impaired thereby. In such event, the Parties shall use best efforts to
      negotiate, in good faith, a substitute, valid and enforceable provision or
      agreement which effects the parties original intention to the largest
      extent.

	 	 
	12.5 	
      Copies. This Agreement is executed in three (3)
      copies with each of the person for signing this Agreement holding one
      copy, and each of the copy shall be equally valid and
  authentic.

[Signature page follows] 

10

 

	Exclusive Purchase
      Option Agreement 

IN WITNESS THEREFORE, the parties hereof have caused
this Agreement to be executed and delivered as of the date first written above.

Party A 

Shenzhen CCPower Investment Consulting Co., Ltd.

Legal Representative: Renyan GE 

Signature & Seal: /s/ Renyan
Ge                                     
 

 

Party B

Shenzhen CCPower Corporation

Legal Representative: Wang Xili 

Signature and seal: /s/ Wang
Xili                                      

 

Shareholder of Shenzhen CCPower Corporation

Wang Xili: /s/ Wang
Xili                                                   
 

11

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