Document:

English Translation of Exclusive Call Option Agreement

 Exhibit 4.46 
 English Translation 
 Zhou Yu 

And 

Ye Yuan 

and 

Beijing Tixian Digital Technology Co., Ltd. 
 and 
 Reshuffle Technology (Shanghai) Co., Ltd. 

 
  

Exclusive Call Option Agreement 
 in respect of 
 Beijing Tixian Digital Technology Co., Ltd.

  
  

February 15, 2012 

 EXCLUSIVE CALL OPTION AGREEMENT 

THIS EXCLUSIVE CALL OPTION AGREEMENT (“this Agreement”) is made and entered into in Shanghai, the People’s Republic of China (the
“PRC”) as of February 15, 2012 by and among the following Parties: 
  

	(1)	Zhou Yu 

 Identity Card
No.: 370203197209032018 
  

	(2)	Ye Yuan 

 Identity Card
No.: 210102197303121811 
 (Zhou Yu and Ye Yuan, hereinafter individually and collectively the “Existing Shareholders”)

  

	(3)	Beijing Tixian Digital Technology Co., Ltd. (the “Company”) 

 Registered address: Room 9960, 3# Building, No.3 Xijing Road, Badachu Hi-tech Park, Shijingshan District, Beijing 
 Legal Representative: Zhou Yu 
  

	(4)	Reshuffle Technology (Shanghai) Co., Ltd. (the “WFOE”) 

 Registered Address: Room 22301-1007, Building 14, Pudong Software Park, No.498 Guoshoujing Road, Zhangjiang 
 High-tech Park, Shanghai, 
 Legal Representative: Wei Wang 

(In this Agreement, the aforesaid parties are hereinafter referred to individually as a “Party” and collectively as the “Parties”.)

 WHEREAS, 
  

	(1)	The Existing Shareholders are the registered shareholders of the Company, and lawfully own 100% equity interests in the Company. Their capital contributions to and
shareholdings in the Company Registered Capital as of the date hereof are set forth in Annex 1 attached hereto. 

  

	(2)	Subject to applicable PRC Law, the Existing Shareholders intend to transfer to the WFOE all the equity interests in the Company owned by the Existing Shareholders, and
the WFOE intends to accept such transfer. 

  

	(3)	In order to consummate the aforesaid equity transfer, the Existing Shareholders agree to grant the WFOE an irrevocable option for equity transfer (the “Call
Option”), subject to which the Existing Shareholders shall, as required by the WFOE and subject to the PRC Law, transfer the Option Equity (as defined below) to the WFOE and/or its designated entity or individual in accordance with this
Agreement. 

  

	(4)	The Company agrees that the Existing Shareholders grant the WFOE the Call Option in accordance with this Agreement. 

 NOW, THEREFORE, the Parties, after friendly negotiations, hereby agree below: 

Article 1 Definitions 
  

	1.1	Unless otherwise required in the context, the following terms in this Agreement shall have the following meanings: 

 

			
		
	 “PRC Law”
	  	means the then effective laws, administrative regulations, administrative rules, local regulations, judicial interpretations and other binding regulatory documents of the
People’s Republic of China.
		
	 “Option Equity”
	  	means (with respect to each Existing Shareholder) all the equity interest owned by it in the Company Registered Capital (as defined below); (with respect to the Existing
Shareholders) the 100% equity interest owned by them in the Company Registered Capital.
		
	 “Company Registered Capital”
	  	means the registered capital of one million Renminbi as of the date hereof, i.e., RMB1,000,000, and includes any increased registered capital within the term of this
Agreement.
		
	 “Transferred Equity”
	  	means the equity to which the WFOE or its designated entity or individual is entitled to acquire from any of the Existing Shareholders when exercising its Call Option (the
“Exercise”) in accordance with Article 3.2 hereof, the amount of which may be all or part of the Option Equity and shall be determined by the WFOE at its own discretion in accordance with the then effective PRC Law and its
commercial needs.
		
	 “Transfer Price”
	  	means all the considerations which the WFOE or its designated entity or individual is obliged to pay to the Existing Shareholders for the Transferred Equity in each Exercise in
accordance with Article 4 hereof.
		
	 “Business Permits”
	  	means any approvals, permits, filings, registrations, etc. which are necessary for the lawful and effective operation by the Company of its existing businesses, including,
without limitation, the Business License of the Enterprise Legal Person, the Tax Registration Certificate and other relevant licenses and permits as then required by the PRC Law.
		
	 “Company Assets”
	  	means all tangible and intangible assets which the Company owns or is entitled to use within the term of this Agreement, including but not limited to any immovable and movable
properties, and intellectual property rights such as trademarks, copyrights, patents, know-how, domain names and software use rights.

			
		
	 “Material Agreement”
	  	means any agreement to which the Company is a party and which has a material impact on the business or the assets of the Company, including without limitation to the Exclusive
Consultancy and Service Agreement entered into by and between the Company and the WFOE and other agreements related to the business of the Company.
		
	 “Shareholding Limit”
	  	has the meaning as provided in Article 3.2.
		
	 “Exercise Notice”
	  	has the meaning as provided in Article 3.5.
		
	 “Power of Attorney”
	  	has the meaning as provided in Article 3.7.
		
	 “Confidential Information”
	  	has the meaning as provided in Article 8.1.
		
	 “Defaulting Party”
	  	has the meaning as provided in Article 11.1.
		
	 “Default”
	  	has the meaning as provided in Article 11.1.
		
	 “Rights”
	  	has the meaning as provided in Article 12.5.

  

	1.2	The references to any PRC Law herein shall be deemed: 

  

	 	(1)	to include the references to the amendments, changes, supplements and reenactments of such Law, irrespective of whether they take effect before or after the date of
this Agreement; and 

  

	 	(2)	to include the references to other decisions, notices or regulations enacted in accordance therewith or effective as a result thereof. 

 

	1.3	Except as otherwise stated in the context herein, all references to an article, clause, item or paragraph shall refer to the relevant part of this Agreement.

 Article 2 Grant of Call Option 

 

	2.1	The Existing Shareholders hereby jointly and severally agree to grant the WFOE an irrevocable and unconditional Call Option, under which the WFOE shall, subject to the
PRC Law, be entitled to require the Existing Shareholders to transfer the Option Equity to the WFOE or its designated entity or individual in such methods as set forth herein. The WFOE also agrees to accept such Call Option.

  

	2.2	The Company hereby agrees that the Existing Shareholders grant such Call Option to the WFOE according to Article 2.1 above and other provisions hereunder.

 Article 3 Method of Exercise 

 

	3.1	Subject to the PRC Law, the WFOE shall have the sole discretion in deciding the schedule, method and times of its Exercise. 

 

	3.2	Provided that the then PRC Law permits the WFOE and/or its designated entity or individual to hold the total equity of the Company, the WFOE is entitled to elect to
exercise all of its Call Option in a lump sum to have the WFOE and/or other entity or individual designated by it to acquire all the Option Equity from the Existing Shareholders in a lump sum; if the then PRC Law only permits the WFOE and/or other
entity or individual designated by it to hold part of the equity in the Company, the WFOE shall be entitled to decide the amount of the Transferred Equity within the upper limit of shareholding percentage stipulated by the then PRC Law (the
“Shareholding Limit”), and have the WFOE and/or other entity or individual designated by it to acquire such amount of Transferred Equity from the Existing Shareholders. In the latter circumstance, the WFOE is entitled to exercise
its Call Option in installments alongside the gradual deregulation on the upper Shareholding Limit under the PRC Law until its acquisition of all Option Equity. 

	3.3	In each Exercise, the WFOE shall have the right to decide the amount of the Transferred Equity to be transferred by the Existing Shareholders to the WFOE and/or other
entity or individual designated by it in such Exercise, and the Existing Shareholders shall transfer such amount of Transferred Equity decided by the WFOE to the WFOE and/or other entity or individual designated by it. The WFOE and/or other entity
or individual designated by it shall pay the Transfer Price to the Existing Shareholders for the Transferred Equity acquired in each Exercise. 

  

	3.4	In each Exercise, the WFOE may acquire the Transferred Equity by itself or designate any third party to acquire all or part of the Transferred Equity.

  

	3.5	Upon its decision of each Exercise, the WFOE shall issue to the Existing Shareholders a notice on the exercise of the Call Option (the “Exercise
Notice”, the form of which is set out as Annex 2 hereto). The Existing Shareholders shall, upon receipt of the Exercise Notice, and in accordance with the Exercise Notice, promptly transfer all the Transferred Equity in a lump sum to the
WFOE and/or other entity or individual designated by the WFOE in such method as provided in Article 3.3. 

  

	3.6	The Existing Shareholders hereby severally and jointly represent and warrant that once the WFOE issues the Exercise Notice: 

 

	 	(1)	each of them shall immediately convene a shareholders’ meeting to pass a resolution and take all other necessary actions to consent to the transfer of all Transfer
Equity to the WFOE and/or its designated entity or individual at the Transfer Price; 

  

	 	(2)	each of them shall immediately enter into an equity transfer agreement with the WFOE and/or its designated entity or individual for transfer of all Transferred
Equity to the WFOE and/or its designated entity or individual at the Transfer Price; for the purpose of this Article, as of the execution date hereof, the Existing Shareholders shall have signed the equity transfer agreement as set out in Annex 4
hereto; and 

  

	 	(3)	each of them shall provide the WFOE with necessary support required by the WFOE and in accordance with the laws and regulations (including providing and executing all
relevant legal documents, obtaining all government approvals, carrying out registration procedures and assuming all relevant obligations), so as to ensure that the WFOE and/or its designated entity or individual acquire all Transferred Equity free
and clear of any legal defect. 

  

	3.7	Together with the execution of this Agreement, each of the Existing Shareholders shall enter into a Power of Attorney (the “Power of Attorney”, the
form of which is set out as Annex 3 hereto), entrusting any person designated by the WFOE to, in accordance with this Agreement, enter into on his behalf, any and all necessary legal documents so as to ensure that the WFOE and/or its designated
entity or individual acquire all Transferred Equity free and clear of any legal defect. Such Power of Attorney shall be under the custody of the WFOE and the WFOE may, at any time if necessary, require the Existing Shareholders to enter into
multiple copies of the Power of Attorney and submit the Power of Attorney to the relevant government authority. 

 Article 4 Transfer Price 
 Upon each Exercise by the WFOE, the Transfer Price payable by the WFOE or its designated entity or individual to the Existing Shareholders shall be the amount corresponding to the Transferred Equity
transferred by the Existing Shareholders in the Company Registered Capital. If at that time there is any compulsory requirement on the Transfer Price under the PRC Law, the WFOE or its designated entity or individual shall be entitled to adopt the
minimum price allowed under the PRC Law as the Transfer Price. 
 Article 5 Representations and Warranties 

 

	5.1	The Existing Shareholders hereby respectively represent and warrant as follows, and such representations and warranties shall remain effective as if they are made as of
the date of transfer of the Option Equity: 

  

	 	5.1.1	Each Existing Shareholder is a PRC citizen with full capacity, full and independent legal status and legal capacity to execute, deliver and perform this Agreement, and
may act independently as a subject of actions. 

  

	 	5.1.2	The Company is a limited liability company duly registered and validly existing under the RPC Law, with an independent corporate personality. The Company has full and
independent legal status and legal capacity to execute, deliver and perform this Agreement and may act independently as a subject of actions. 

  

	 	5.1.3	Each Existing Shareholder has the full power and authority to execute and deliver this Agreement and all other documents related to the transaction contemplated herein
which are to be executed by him, and has the full power and authority to complete the transaction set forth herein. 

  

	 	5.1.4	This Agreement has been duly and lawfully executed and delivered by each Existing Shareholder and is legally binding upon each Existing Shareholder and enforceable
against him in accordance with the terms hereof. 

  

	 	5.1.5	Each Existing Shareholder is the registered legal owner of the Option Equity as of the date hereof, and there is no lien, pledge, claim, other encumbrances or third
party rights on the Option Equity except for the rights created by this Agreement, the Equity Interest Pledge Agreement between the Existing Shareholders and the WFOE, and the Shareholder Proxy Agreement among the Existing Shareholders, the WFOE and
the Company. In accordance with this Agreement, the WFOE and/or its designated entity or individual shall, upon the Exercise, obtain the good title to the Transferred Equity free and clear of any lien, pledge, claim, other encumbrances or third
party rights. 

  

	5.2	The Company hereby represents and warrants as follows: 

  

	 	5.2.1	The Company is a limited liability company duly registered and validly existing under the RPC Law, with an independent corporate personality. The Company has full and
independent legal status and legal capacity to execute, deliver and perform this Agreement and may act independently as a subject of actions. 

	 	5.2.2	The Company has full internal power and authority to execute and deliver this Agreement and all other documents relevant to the transaction set forth herein and to be
executed by it, and has the full power and authority to complete the transaction contemplated herein. 

  

	 	5.2.3	This Agreement has been duly and lawfully executed and delivered by the Company and is legally binding upon the Company. 

 

	 	5.2.4	The Existing Shareholders are all the registered legal owners of the Option Equity as of the date hereof. In accordance with this Agreement, the WFOE and/or its
designated entity or individual shall, upon the Exercise, obtain the good title to the Transferred Equity free and clear of any lien, pledge, claim, other encumbrances and third party rights. 

 

	 	5.2.5	The Company has obtained complete Business Permits necessary for its operations as of the execution of this Agreement. The Company shall be fully entitled and qualified
to operate within the PRC all of its business. The Company has been engaged in lawful business since its incorporation and there is no violation or potential violation of the regulations and requirements set forth by the departments of industry and
commerce, tax, quality and technology supervision, labor protection, social security and other government authorities and no dispute with respect to breach of contract. 

Article 6 Undertakings of the Existing Shareholders 
 Each Existing Shareholder hereby undertakes as follows: 
  

	6.1	He shall take all necessary measures within the term of this Agreement to ensure that the Company is able to obtain all Business Permits necessary for its business and
the validity of all such Business Permits at any time. 

  

	6.2	Within the term of this Agreement, without the prior written consent by the WFOE: 

 

	 	6.2.1	no Existing Shareholder may transfer or otherwise dispose of, or create any encumbrance or other third party rights on, any Option Equity; 

 

	 	6.2.2	he may not increase or decrease the registered capital of the Company; 

 

	 	6.2.3	he may not, or cause the management of the Company to, dispose of any of the Company Assets (except for those occurring in the ordinary course of business);

  

	 	6.2.4	he may not, or cause the management of the Company to, terminate any Material Agreements entered into by the Company or enter into any other Material Agreements in
conflict with the existing Material Agreements; 

  

	 	6.2.5	he may not appoint or dismiss any director, supervisor or any other management members of the Company who should be appointed or dismissed by the Existing
Shareholders; 

  

	 	6.2.6	he may not cause or agree the Company to declare or distribute any distributable profit, bonus or dividend; 

 

	 	6.2.7	he shall ensure the valid existence of the Company and prevent it from being terminated, liquidated or dissolved; 

	 	6.2.8	he may not cause or agree the Company to amend the Articles of Association of the Company; and 

 

	 	6.2.9	he shall ensure that the Company shall not lend or borrow any loan, or provide guarantee or other forms of security arrangements, or undertake any material obligations
other than in the ordinary course of business. 

  

	6.3	Within the valid term of this Agreement, he shall exercise its best efforts to develop the Company’s business and ensure its operations are in compliance with laws
and regulations and he will not be engaged in any actions or omissions which may harm the Assets or the goodwill of the Company or affect the validity of its Business Permits. 

 

	6.4	If any Existing Shareholder receives the total Transfer Price in respect of its Transferred Equity higher than the amount in the Company Registered Capital
corresponding to the Transferred Equity, or receives any form of profit distribution, dividend or bonus from the Company, such Existing Shareholder agree to waive such excess earnings as well as any profit distribution, dividend or bonus (after
deducting relevant taxes), subject to compliance with the PRC laws and the WFOE is entitled to such earnings. Otherwise, such Existing Shareholder shall compensate the WFOE and/or any other entity or individual designated by it for the losses thus
incurred. 

 Article 7 Undertakings of the Company 

 

	7.1	If the consent, permit, waiver or authorization of any third party or the approval, permit, exemption or any registration or filing (if legally required) with any
government authority is necessary for the execution and performance of this Agreement and the grant of the Call Option herein, the Company will use its best efforts to assist in the fulfillment of the above conditions. 

 

	7.2	Without the prior written consent of the WFOE, the Company shall not assist or permit the Existing Shareholders to transfer, or otherwise dispose of, or create any
encumbrances or third party rights on, any Option Equity. 

  

	7.3	The Company shall not conduct or permit any activities or actions which may adversely affect the interest of the WFOE under this Agreement. 

Article 8 Confidentiality 
  

	8.1	Whether this Agreement is terminated or not, the Existing Shareholders shall be obliged to keep confidential the following information (hereinafter collectively the
“Confidential Information”): 

  

	 	(1)	the execution, performance and the contents of this Agreement; 

  

	 	(2)	the business secrets, proprietary information and customer information in relation to the WFOE known to or received by them in connection with the execution and
performance of this Agreement; and 

  

	 	(3)	the business secrets, proprietary information and customer information in relation to the Company known to or received by them as the shareholders of the Company.

 The Existing Shareholders may use such Confidential Information only for the performance of his obligations hereunder. No
Existing Shareholder may disclose the above Confidential Information to any third party without the written consent from the WFOE; otherwise it shall be liable for breach of contract and indemnify the relevant losses. 

	8.2	Upon termination of this Agreement, the Existing Shareholders shall, when required by the WFOE, return, destroy or otherwise dispose of all the documents, materials or
software containing the Confidential Information and cease to use such Confidential Information. 

  

	8.3	Notwithstanding any other provisions herein, the validity of this Article shall survive the suspension or termination of this Agreement. 

Article 9 Term of Agreement 
 This Agreement shall become effective as of the date of formal execution by the Parties, and shall remain valid until all the Option Equity has been legally transferred to the WFOE and/or its designated
entity or individual in accordance with the provisions hereof. 
 Article 10 Notices 

 

	10.1	Any notice, request, demand and other correspondence required by or made in accordance with this Agreement shall be delivered to the relevant Party in writing.

  

	10.2	The aforementioned notice or other correspondence shall be deemed to have been delivered upon delivery when it is transmitted by facsimile or telex; or upon handover to
the receiver when it is delivered in person; or on the fifth (5) day after posting when it is delivered by mail. 

 Article 11 Defaulting Liabilities 
  

	11.1	The Parties agree and acknowledge that, if any Party (hereinafter the “Defaulting Party”) commits material breach of any provision hereof, or
materially fails to perform any obligation hereunder, such breach or failure shall constitute a default under this Agreement (hereinafter a “Default”), then the non-defaulting Party (hereinafter the “Non-defaulting
Party”) shall be entitled to demand the Defaulting Party to rectify such Default or take remedial measures within a reasonable period. If the Defaulting Party fails to rectify such Default or take remedial measures within such reasonable
period or within fifteen (15) days following the written notice issued by the Non-defaulting Party and the rectification requirement, the Non-defaulting Party shall be entitled to decide to, at its discretion: 

 

	 	(1)	terminate this Agreement and demand the Defaulting Party to indemnify all the damages; or 

 

	 	(2)	require the performance of the obligations hereunder and demand the Defaulting Party to indemnify all the damages. 

 

	11.2	The Parties agree and confirm that in no circumstances shall the Existing Shareholders and the Company demand for termination of this Agreement with any cause, unless
otherwise provided by this Agreement or otherwise stipulated by laws. 

  

	11.3	The rights and remedies set out herein shall be cumulative and not exclusive of any other right or remedy conferred by laws. 

 Article 12 Miscellaneous 

 

	12.1	This Agreement is made in Chinese in four (4) counterparts with each Party retaining one copy. 

 

	12.2	The execution, effectiveness, performance, amendment, interpretation and termination of this Agreement shall be governed by the PRC Law. 

 

	12.3	Any dispute arising hereunder and in connection herewith shall be settled through consultations among the Parties, and if no agreement regarding such dispute can be
reached by the Parties within thirty (30) days upon its occurrence, such dispute shall be submitted to Shanghai Sub-commission of China International Economic and Trade Arbitration Commission for arbitration in Shanghai in accordance with the
arbitration rules thereof, and the arbitration award shall be final and binding on the Parties. 

  

	12.4	Any rights, powers and remedies granted to any Party by any provision herein shall not preclude any other rights, powers and remedies available to such Party in
accordance with laws and other provisions under this Agreement, and the exercise of its rights, powers and remedies by a Party shall not preclude its exercise of any other rights, powers and remedies. 

 

	12.5	No failure or delay by a Party to exercise any of its rights, powers and remedies hereunder or in accordance with the laws (hereinafter the “Rights”) shall be
construed as a waiver of such Rights, and the waiver of any single or partial exercise of such Rights shall not preclude its exercise of such Rights in other ways or its exercise of any other Rights. 

 

	12.6	The headings herein are for reference only, and shall not be used for or affect the interpretation of the provisions hereof. 

 

	12.7	Each provision contained herein shall be severable and independent from other provisions, and if at any time any provision or provisions herein are held invalid,
illegal or unenforceable, the validity, legality or enforceability of all other provisions herein shall not be affected thereby. 

  

	12.8	This Agreement shall, upon execution, supersede any other legal documents executed by the Parties with respect to the same subject hereof. Any amendments or supplements
to this Agreement shall be made in writing and shall become effective upon due execution by the Parties hereto. 

  

	12.9	Any Existing Shareholder or the Company shall not assign any of its rights and/or obligations hereunder to any third party without the prior written consent from the
WFOE, and the WFOE is entitled to assign any of its rights and/or obligations hereunder to any third party designated by it upon notice to the Existing Shareholders and the Company. 

 

	12.10	This Agreement shall be binding on the legal successors of the Parties. 

 [THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

 (Signature page) 
 IN WITNESS WHEREOF, the Parties have caused this Exclusive Call Option Agreement to be executed as of the date and in the place first set forth above. 

 

	
	Zhou Yu
	Signature: /s/ Zhou
Yu                                         
   

  

	
	Ye Yuan
	Signature: /s/ Ye
Yuan                                         
   

 Beijing Tixian Digital Technology Co., Ltd. 
 (Company seal) 
  

	
	[Seal: Beijing Tixian Digital Technology Co., Ltd.]
	By: /s/ Zhou
Yu                                         
           
	Name:
	Position:

 Reshuffle Technology (Shanghai) Co., Ltd. 
 (Company seal) 
  

	
	[Seal: Reshuffle Technology (Shanghai) Co., Ltd.]
	By: /s/ Wei
Wang                                         
       
	Name:
	Position:

 Annex 1: 
 Basic Information of the Company 
 Company name: Beijing Tixian Digital Technology
Co., Ltd. 
 Registered address: Room 9960, 3# Building, No.3 Xijing Road, Badachu Hi-tech Park, Shijingshan District, Beijing 

Registered capital: RMB 1 million 
 Legal
representative: Zhou Yu 
 Equity structure: 
  

									
	 Shareholder name
	  	Contribution to
registered capital	  	Percentage of
contribution	 	 	Method of
contribution
	 Zhou Yu
	  	RMB 950,000	  	 	95	% 	 	Money
	 Ye Yuan
	  	RMB 50,000	  	 	5	% 	 	Money
	 Total
	  	RMB 1,000,000	  	 	100	% 	 	/

 Annex 2: 
 Form of the Exercise Notice 
 To: [Existing Shareholder] 

Reference is made to the Exclusive Call Option Agreement dated as of             , 2011
(hereinafter the “Option Agreement”) by and among you, Beijing Tixian Digital Technology Co., Ltd. (the “Company”) and our company, pursuant to which you shall, upon request by our company and pursuant to the PRC
laws and regulations, transfer the equity interest owned by you in the Company to our company or any third party designated by our company. 

Therefore, our company hereby issues this Notice to you as follows: 
 Our company hereby requests the exercise of the Call Option under the Option Agreement and that the equity interest you owned corresponding to
            % of the equity of the Company (hereinafter the “Proposed Transferred Equity”) be transferred to our company/[•] [name of company/individual] designated by our
company. You are required to promptly transfer all the Proposed Transferred Equity to our company/[name of designated company/individual] upon receipt of this Notice in accordance with the agreed terms in the Option Agreement. 

Best regards, 
  

	
	 Reshuffle Technology (Shanghai) Co., Ltd.
 (Company Chop)

	
	Authorized representative: /s/ Wei
Wang                    
	
	Date

 Annex 3: 
 Form of the Power of Attorney 
 I, Zhou Yu, hereby irrevocably entrust
            [identity card number             ] to sign the legal documents in connection with the Exclusive Call Option
Agreement in respect of Beijing Tixian Digital Technology Co., Ltd. among Beijing Tixian Digital Technology Co., Ltd., Reshuffle Technology (Shanghai) Co., Ltd. and myself on my behalf as my authorized trustee. 

 

	
	
	Signature: /s/ Zhou
Yu                                         
       
	
	Date:

 Annex 3: 
 Form of the Power of Attorney 
 I, Ye Yuan, hereby irrevocably entrust
            [identity card number             ] to sign the legal documents in connection with the Exclusive Call Option
Agreement in respect of Beijing Tixian Digital Technology Co., Ltd. among Beijing Tixian Digital Technology Co., Ltd., Reshuffle Technology (Shanghai) Co., Ltd. and myself on my behalf as my authorized trustee. 

 

	
	
	Signature: /s/ Ye
Yuan                                         
       
	
	Date:

 Annex 4 Form of Equity Transfer Agreement 

Equity Transfer Agreement 

This equity transfer agreement (“this Agreement”) is made and entered into by the following parties in
            , the People’s Republic of China (“PRC”) as of             : 

 

	(1)	Zhou Yu (hereinafter, the “Transferor”) 

 Identity card number: 370203197209032018 
  

	(2)	            (hereinafter, the “Transferee”) 

Identity card number:              

(In this Agreement, the Transferor and the Transferee are referred to collectively as the “Parties” and individually as
“Party”.) 
 Preamble 
 WHEREAS, Beijing Tixian Digital Technology Co., Ltd. (hereinafter the “Company”) is a limited liability company duly organized and validly existing under the PRC laws; 

WHEREAS, the Transferor intends to sell and transfer to the Transferee, and the Transferee intends to purchase, the
            % equity owned by the Transferor in the Company along with all the rights and interests thereto (hereinafter, the “Transferred Equity”), subject to the terms hereof;

 NOW, THEREFORE, both parties, after negotiations, hereby agree to be bound by the terms and conditions as set forth below in respect of the
Transferred Equity: 
 Article 1 Sale and Purchase 

 

	1.1	Sale and Purchase of the Transferred Equity. Subject to the terms and conditions herein, the Transferor agrees to sell and transfer to the Transferee, and the
Transferee agrees to purchase and acquire from the Transferor the Transferred Equity legally owned by the Transferor. The Transferred Equity includes all the rights and interests corresponding thereto. 

 

	1.2	Sale and Purchase Price. The Purchase Price payable by the Transferee to the Transferor in respect of the Transferred Equity is RMB
            (hereinafter, the “Purchase Price”). 

  

	1.3	Payment of the Purchase Price. The Transferee shall pay the Purchase Price to the Transferor by the following means:
            . 

 Article 2 Representations and Warranties of the Transferee 

The Transferee hereby represents and warrants to the Transferor as follows: 

 

	2.1	Legal Status and Capacity of the Transferee. The Transferee has full and independent legal status and legal capacity to execute, deliver and perform this
Agreement, and may act independently as a subject of actions. The execution by the Transferee of this Agreement and its performance of the obligations hereunder will neither violate any relevant laws, regulations and government orders nor conflict
with any contract or agreement to which the Transferee is a party or by which its assets are bound. 

  

	2.2	Authorization and Approval. The Transferee has the full power and authority to execute and deliver this Agreement and all other documents related to the
transaction contemplated herein which are to be executed by it and has the full power and authority to complete the transaction set forth herein. This Agreement has been duly and lawfully executed and delivered by the Transferee. This Agreement and
all other documents related to the transaction contemplated herein which are to be executed by the Transferee are legally binding upon the Transferee and enforceable against it in accordance with the terms hereof and thereof.

  

	2.3	Legality of Payment Source of the Purchase Price. The Transferee guarantees that the source of the Purchase Price paid by it to the Transferor hereunder is
lawful and it has sufficient capability to pay the Purchase Price to the Transferor pursuant to the terms and conditions hereof. 

 Article 3 Representations and Warranties of the Transferor 
 The Transferor hereby
represents and warrants to the Transferee as follows: 
  

	3.1	Legal Status and Capacity of the Transferor. The Transferor has full and independent legal status and legal capacity to execute, deliver and perform this
Agreement, and may act independently as a subject of actions. The execution by the Transferor of this Agreement and its performance of the obligations hereunder will neither violate any relevant laws, regulations and government orders nor conflict
with any contract or agreement to which the Transferor is a party or by which its assets are bound. 

  

	3.2	Authorization and Approval. The Transferor has the full power and authority to execute and deliver this Agreement and all other documents related to the
transaction contemplated herein which are to be executed by it and has the full power and authority to complete the transaction set forth herein. This Agreement has been duly and lawfully executed and delivered by the Transferor. This Agreement and
all other documents related to the transaction contemplated herein which are to be executed by the Transferor are legally binding upon the Transferor and enforceable against it in accordance with the terms hereof and thereof.

  

	3.3	Ownership of the Transferred Equity. The Transferor is the registered actual owner of the Transferred Equity and there is no lien, pledge, claim and other
encumbrances on the Transferred Equity except for those already disclosed to the Transferee. 

 Article 4 Registration 
 The Parties agree that except as otherwise waived by the Parties in writing (but subject to the extent permitted by laws), the Parties shall cause the Company to complete the change registration with the
industrial and commercial administration in respect of the equity transfer hereunder within         days after the satisfaction and fulfillment of all the following conditions: 

 

	(1)	the Parties have duly executed this Agreement; and 

  

	(2)	The shareholders of the Company consent to the equity transfer hereunder by the resolution of the shareholders’ meeting or the other written means.

 Article 5 Special Provisions 
 The Parties agree and undertake that they will promptly take all necessary actions and cooperate after the date hereof so as to ensure the effectiveness of this Agreement and the lawful and effective
consummation of the transaction contemplated herein. 
 Article 6 Defaulting Liabilities 

If a Party fails to perform its obligation hereunder or breaches any of the representations, warranties or undertakings made herein, such failure or
breach shall constitute a default. The non-defaulting Party shall be entitled to give a written notice in respect of any such default, requiring the defaulting Party to remedy the same. The defaulting Party shall be liable for the losses incurred by
the non-defaulting Party as a result of any default by the defaulting Party. 
 Article 7 Miscellaneous 

 

	7.1	Amendments and Modifications. This Agreement may be amended, modified or supplemented by a written instrument duly executed by the Parties.

  

	7.2	Validity. The invalidity or unenforceability of any provision herein shall not affect the validity or enforceability of any other provisions herein and such
other provisions shall continue in full force and effect. The Parties shall exercise their best efforts to replace such invalid or unenforceable provision with a new provision reflecting the original intent of the Parties. 

 

	7.3	Governing Law. The formation, effectiveness, performance, amendment, interpretation and termination of this Agreement shall be governed by the laws of the
People’s Republic of China. 

  

	7.4	Dispute Resolution. Any dispute arising hereunder and in connection herewith shall be resolved by the following means:
                . 

  

	7.6	Counterparts. This Agreement is executed in         counterparts, with each party retaining
        ones, each of which shall be deemed an original and all together constitute the one and the same instrument. 

	7.7	Assignment. Without the prior written consent from the other Party, neither Party may assign its rights or obligations hereunder to any third party.

  

	7.8	Effectiveness. This Agreement shall become effective and bind upon the Parties upon due execution by the Parties or their respective authorized representatives.

 [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK] 

 (Signature page) 
 IN WITNESS WHEREOF, the Parties have caused this Equity Transfer Agreement to be executed as of the date first above written. 

 

			
	Transferor:
	Zhou Yu
		
	Signature:	 	/s/ Zhou Yu

			
	
	 Transferee:

 

 Signature:
                                         
                            

 Equity Transfer Agreement 
 This equity transfer agreement (“this Agreement”) is made and entered into by the following parties in         , the People’s Republic of
China (“PRC”) as of         : 
  

	(1)	Ye Yuan (hereinafter, the “Transferor”) 

  

	 	Identity card number: 210102197303121811 

  

	(2)	                (hereinafter, the “Transferee”)

  

	 	Identity card number:          

 (In this Agreement, the Transferor and the Transferee are referred to collectively as the “Parties” and individually as “Party”.) 

Preamble 

WHEREAS, Beijing Tixian Digital Technology Co., Ltd. (hereinafter the “Company”) is a limited liability company duly organized and validly
existing under the PRC laws; 
 WHEREAS, the Transferor intends to sell and transfer to the Transferee, and the Transferee intends to purchase,
the         % equity owned by the Transferor in the Company along with all the rights and interests thereto (hereinafter, the “Transferred Equity”), subject to the terms hereof; 

NOW, THEREFORE, both parties, after negotiations, hereby agree to be bound by the terms and conditions as set forth below in respect of the Transferred
Equity: 
 Article 1 Sale and Purchase 
  

	1.1	Sale and Purchase of the Transferred Equity. Subject to the terms and conditions herein, the Transferor agrees to sell and transfer to the Transferee, and the
Transferee agrees to purchase and acquire from the Transferor the Transferred Equity legally owned by the Transferor. The Transferred Equity includes all the rights and interests corresponding thereto. 

 

	1.2	Sale and Purchase Price. The Purchase Price payable by the Transferee to the Transferor in respect of the Transferred Equity is RMB
        (hereinafter, the “Purchase Price”). 

  

	1.3	Payment of the Purchase Price. The Transferee shall pay the Purchase Price to the Transferor by the following means:
            . 

 Article 2 Representations and
Warranties of the Transferee 
 The Transferee hereby represents and warrants to the Transferor as follows: 

 

	2.1	Legal Status and Capacity of the Transferee. The Transferee has full and independent legal status and legal capacity to execute, deliver and perform this
Agreement, and may act independently as a subject of actions. The execution by the Transferee of this Agreement and its performance of the obligations hereunder will neither violate any relevant laws, regulations and government orders nor conflict
with any contract or agreement to which the Transferee is a party or by which its assets are bound. 

	2.2	Authorization and Approval. The Transferee has the full power and authority to execute and deliver this Agreement and all other documents related to the
transaction contemplated herein which are to be executed by it and has the full power and authority to complete the transaction set forth herein. This Agreement has been duly and lawfully executed and delivered by the Transferee. This Agreement and
all other documents related to the transaction contemplated herein which are to be executed by the Transferee are legally binding upon the Transferee and enforceable against it in accordance with the terms hereof and thereof.

  

	2.3	Legality of Payment Source of the Purchase Price. The Transferee guarantees that the source of the Purchase Price paid by it to the Transferor hereunder is
lawful and it has sufficient capability to pay the Purchase Price to the Transferor pursuant to the terms and conditions hereof. 

 Article 3 Representations and Warranties of the Transferor 
 The Transferor hereby
represents and warrants to the Transferee as follows: 
  

	3.1	Legal Status and Capacity of the Transferor. The Transferor has full and independent legal status and legal capacity to execute, deliver and perform this
Agreement, and may act independently as a subject of actions. The execution by the Transferor of this Agreement and its performance of the obligations hereunder will neither violate any relevant laws, regulations and government orders nor conflict
with any contract or agreement to which the Transferor is a party or by which its assets are bound. 

  

	3.2	Authorization and Approval. The Transferor has the full power and authority to execute and deliver this Agreement and all other documents related to the
transaction contemplated herein which are to be executed by it and has the full power and authority to complete the transaction set forth herein. This Agreement has been duly and lawfully executed and delivered by the Transferor. This Agreement and
all other documents related to the transaction contemplated herein which are to be executed by the Transferor are legally binding upon the Transferor and enforceable against it in accordance with the terms hereof and thereof.

  

	3.3	Ownership of the Transferred Equity. The Transferor is the registered actual owner of the Transferred Equity and there is no lien, pledge, claim and other
encumbrances on the Transferred Equity except for those already disclosed to the Transferee. 

 Article 4 Registration 
 The Parties agree that except as otherwise waived by the Parties in writing (but subject to the extent permitted by laws), the Parties shall cause the Company to complete the change registration with the
industrial and commercial administration in respect of the equity transfer hereunder within         days after the satisfaction and fulfillment of all the following conditions: 

 

	(3)	the Parties have duly executed this Agreement; and 

  

	(4)	The shareholders of the Company consent to the equity transfer hereunder by the resolution of the shareholders’ meeting or the other written means.

 Article 5 Special Provisions 
 The Parties agree and undertake that they will promptly take all necessary actions and cooperate after the date hereof so as to ensure the effectiveness of this Agreement and the lawful and effective
consummation of the transaction contemplated herein. 
 Article 6 Defaulting Liabilities 

If a Party fails to perform its obligation hereunder or breaches any of the representations, warranties or undertakings made herein, such failure or
breach shall constitute a default. The non-defaulting Party shall be entitled to give a written notice in respect of any such default, requiring the defaulting Party to remedy the same. The defaulting Party shall be liable for the losses incurred by
the non-defaulting Party as a result of any default by the defaulting Party. 
 Article 7 Miscellaneous 

 

	7.1	Amendments and Modifications. This Agreement may be amended, modified or supplemented by a written instrument duly executed by the Parties.

  

	7.2	Validity. The invalidity or unenforceability of any provision herein shall not affect the validity or enforceability of any other provisions herein and such
other provisions shall continue in full force and effect. The Parties shall exercise their best efforts to replace such invalid or unenforceable provision with a new provision reflecting the original intent of the Parties. 

 

	7.3	Governing Law. The formation, effectiveness, performance, amendment, interpretation and termination of this Agreement shall be governed by the laws of the
People’s Republic of China. 

  

	7.4	Dispute Resolution. Any dispute arising hereunder and in connection herewith shall be resolved by the following means:
                . 

  

	7.6	Counterparts. This Agreement is executed in         counterparts, with each party retaining
        ones, each of which shall be deemed an original and all together constitute the one and the same instrument. 

 

	7.7	Assignment. Without the prior written consent from the other Party, neither Party may assign its rights or obligations hereunder to any third party.

	7.8	Effectiveness. This Agreement shall become effective and bind upon the Parties upon due execution by the Parties or their respective authorized representatives.

 [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK] 

 (Signature page) 
 IN WITNESS WHEREOF, the Parties have caused this Equity Transfer Agreement to be executed as of the date first above written. 
 Transferor: 
 Ye Yuan 

			
		
	Signature:	 	/s/ Ye Yuan

  

			
	
	 Transferee:

 

			
		
	Signature:English Translation of Equity Interest Pledge Agreement

 Exhibit 4.47 
 English Translation 
 Zhou Yu 

and 

Ye Yuan 

and 

Reshuffle Technology (Shanghai) Co., Ltd. 
  

 
 Equity
Interest Pledge Agreement 
 in respect of 
 Beijing Tixian Digital Technology Co., Ltd. 
  

 

February 15, 2012 

 EQUITY INTEREST PLEDGE AGREEMENT 

THIS EQUITY INTEREST PLEDGE AGREEMENT (hereinafter, this “Agreement”) is made and entered into in Shanghai, the People’s Republic
of China (hereinafter, the “PRC”) as of February 15, 2012 by and among the following parties: 
  

	(1)	Zhou Yu 

 Identity Card
No.:370203197209032018 
  

	(2)	Ye Yuan 

 Identity Card
No.:210102197303121811 
 (Zhou Yu and Ye Yuan, hereinafter individually and collectively the “Pledgors”.) 

 

	(3)	Reshuffle Technology (Shanghai) Co., Ltd. (hereinafter, the “Pledgee”) 

 

	  	Registered Address: Room 22301-1007, Building 14, Pudong Software Park, No.498 Guoshoujing Road, Zhangjiang High-tech Park, Shanghai, 

 

	  	Legal Representative: Wei Wang 

  

	  	(In this Agreement, the aforesaid parties are hereinafter referred to individually as a “Party” and collectively as the “Parties”.)

 WHEREAS: 
  

	(1)	The Pledgors are the registered shareholders of Beijing Tixian Digital Technology Co., Ltd. (with its registered address at Room 9960, 3# Building, No.3 Xijing Road,
Badachu Hi-tech Park, Shijingshan District, Beijing and its legal representative being Zhou Yu, hereinafter referred to as the “Company”), legally holding 100% equity interest in the Company (hereinafter, the “Company
Equity”), and their contribution amounts in the registered capital of the Company and their shareholding percentages as of the date hereof are set out in Annex 1 hereto. 

 

	(2)	Pursuant to the Exclusive Call Option Agreement dated February 15, 2012 among the Pledgee, the Pledgors and the Company (hereinafter, the “Call Option
Agreement”), the Pledgors shall, to the extent permitted by the PRC Law, and upon the request of the Pledgee, transfer all or part of the equity interests held by them in the Company to the Pledgee and/or any other entity or individual
designated by the Pledgee. 

  

	(3)	Pursuant to the Shareholder Proxy Agreement dated February 15, 2012 among the Pledgee, the Pledgors and the Company (hereinafter, the “Proxy
Agreement”), the Pledgors have fully entrusted the individual designated by the Pledgee to represent the Pledgors to exercise all its voting rights as the shareholder of the Company. 

 

	(4)	Pursuant to the Exclusive Consultancy and Service Agreement dated February 15, 2012 between the Pledgee and the Company (hereinafter, the “Service
Agreement”), the Company has engaged the Pledgee on an exclusive basis to provide it with related technical consultancy and services and will pay the corresponding service fees to the Pledgee in respect of such technical consultancy and
services. 

  
 1 

	(5)	Pursuant to the Loan Agreement dated December 1, 2011 between the Pledgee and the Pledgors (hereinafter, the “Loan Agreement”), the Pledgee has
provided a loan in Renminbi to the Pledgors. 

  

	(6)	As a guarantee for the performance of the Contractual Obligations (as defined below) and the repayment of the Guaranteed Liabilities (as defined below) by the Pledgors
and the Company, the Pledgors agrees to pledge to the Pledgee all of the equity interests held by them in the Company, and to grant to the Pledgee a right of priority in the pledge. 

NOW, THEREFORE, the Parties, after friendly negotiations, hereby agree below: 
 Article 1 Definitions 
  

	1.1	Unless otherwise required by the context, the following terms herein shall have the following meanings: 

 

			
	 “Contractual Obligations”
	  	means all contractual obligations of the Pledgors under the Call Option Agreement, Proxy Agreement, Loan Agreement and this Agreement, and all contractual obligations of the
Company under the Call Option Agreement, Proxy Agreement and Service Agreement.
		
	 “Guaranteed Liabilities”
	  	means all direct, indirect, derivative losses and foreseeable loss of profits suffered by the Pledgee as a result of any Event of Default of the Pledgors and/or the Company, the
amount of which shall be determined by the Pledgee at its sole discretion, which shall be binding on the Pledgors; as well as all fees incurred in the enforcement of performance of the Contractual Obligations of the Pledgors and/or the Company by
the Pledgee.
		
	 “Transaction Agreements”
	  	means the Loan Agreement, Call Option Agreement, Proxy Agreement and Service Agreement.
		
	 “Event of Default”
	  	means any breach by the Pledgors of its Contractual Obligations under the Call Option Agreement, Proxy Agreement, Loan Agreement or this Agreement and/or any breach by the
Company of its Contractual Obligations under the Call Option Agreement, Proxy Agreement or Service Agreement.

  
 2 

			
	 “Pledged Property”
	  	means all of the equity interests in the Company lawfully owned by the Pledgors as of the effective date hereof and pledged to the Pledgee pursuant to the provisions hereof as a
guarantee for the performance of the Contractual Obligations and the repayment of the Guaranteed Liabilities, with the details of the pledged equity interests of the Pledgors set out in Annex 1 hereto, as well as the increased contribution and
dividends in accordance with Article 2.6 and Article 2.7 hereof.
		
	 “PRC Law”
	  	means the then effective laws, administrative regulations, administrative rules, local regulations, judicial interpretations and other binding regulatory documents of the
People’s Republic of China.
		
	 “Equity interest pledge”
	  	has the meaning as ascribed to it in Article 2.2 hereof.
		
	 “Rights”
	  	has the meaning as ascribed to it in Article 12.7 hereof.
		
	 “Power of Attorney”
	  	has the meaning as ascribed to it in Article 12.12 hereof.

  

	1.2	The references to any PRC Law herein shall be deemed: 

  

	 	(1)	to include the references to the amendments, changes, supplements and reenactments of such Law, irrespective of whether they take effect before or after the date of
this Agreement; and 

  

	 	(2)	to include the references to other decisions, notices or regulations enacted in accordance therewith or effective as a result thereof. 

 

	1.3	Except as otherwise stated in the context herein, all references to an article, clause, item or paragraph shall refer to the relevant part of this Agreement.

 Article 2 Equity Interest Pledge 

 

	2.1	The Pledgors hereby agree to pledge to the Pledgee the Pledged Property which they lawfully own and are entitled to dispose of pursuant to the provisions hereof as the
guarantee for performance of the Contractual Obligations and repayment of the Guaranteed Liabilities. 

  

	2.2	The Pledgors undertake that they will be responsible for, on the date hereof, the recording of the equity interest pledge arrangement hereunder (hereinafter, the
“Equity Interest Pledge”) on the shareholders register of the Company, and shall make its best efforts to complete the relevant registration procedures with the competent administration for industry and commerce.

  

	2.3	Within the valid term of this Agreement, the Pledgee shall not be liable in any way for loss in the value of the Pledge Property, nor shall the Pledgors be entitled to
claim in any way or make any demand on the Pledgee in respect thereof unless such loss is directly caused by intentional misconduct or gross negligence of the Pledgee. 

  
 3 

	2.4	Subject to the provision of Article 2.3 above, in the event of any possible obvious loss in the value of the Pledged Property, which is sufficient to adversely affect
the Pledgee’s rights, the Pledgee may at any time auction or sell off the Pledged property on behalf of the Pledgors, and use the proceeds from such auction or sale-off as early repayment of the Guaranteed Liabilities upon agreement with the
Pledgors, or submit such proceeds to the local notary institution where the Pledgee is domiciled (any fees incurred in relation thereto shall be borne by the Pledgors). 

 

	2.5	In case of any Event of Default, the Pledgee is entitled to dispose of the Pledged property as set forth in Article 4 hereof. 

 

	2.6	Only with the prior consent of the Pledgee can the Pledgors increase the registered capital of the Company. The increased capital contribution of the Pledgors in the
registered capital of the Company as a result of such capital increase shall also be the Pledged Property. 

  

	2.7	Only upon prior consent by the Pledgee shall the Pledgors be able to receive dividends from the Pledged property. The dividends received by the Pledgors from the
Pledged property shall be deposited into the bank account designated by the Pledgee and subject to the supervision of the Pledgee, and shall be used as the Pledged Property for discharge of the Guaranteed Liabilities in first priority.

  

	2.8	The Pledgee is entitled to dispose of any Pledged property of the Pledgors pursuant to the provisions hereof upon the occurrence of any Event of Default.

 Article 3 Release of Equity Interest Pledge 
 Upon full and complete performance of all Contractual Obligations and repayment of all the Guaranteed Liabilities by the Pledgors and the Company, the Pledgee shall, according to the requirements
of the Pledgors, release the Equity interest pledge hereunder, and cooperate with the Pledgors in handling the cancellation of the Equity Interest Pledge record in the shareholders register of the Company. Reasonable fees incurred in the release of
the Equity interest pledge shall be borne by the Pledgee. 
 Article 4 Disposal of the Pledged Property 

 

	4.1	The Pledgors and the Pledgee hereby agree that, in case of any Event of Default, the Pledgee shall be entitled to exercise, upon written notice to the Pledgors, all of
its rights and powers arising under default remedies under the PRC Laws, Transaction Agreements and the terms hereof, including but not limited to repayment in priority with proceeds from auctions or sale-offs of the Pledged property. The Pledgee
shall not be liable for any loss resulting from its reasonable exercise of such rights and powers. 

  

	4.2	The Pledgee is entitled to designate in writing its legal counsel or any other agent to exercise on its behalf any and all rights and powers set out above, and the
Pledgors shall not oppose thereto. 

  
 4 

	4.3	All reasonable fees incurred in the Pledgee’s exercise of any or all of the above rights and powers shall be borne by the Pledgors. The Pledgee is entitled to
deduct such costs as actually incurred from the proceeds acquired in its exercise of such rights and powers. 

  

	4.4	The proceeds acquired by the Pledgee in its exercise of its rights and powers shall be used in the following order: 

First, to pay for all costs incurred in connection with the disposal of the Pledged property and the exercise by the Pledgee of its
rights and powers (including remuneration to its legal counsel and agents); 
 Second, to pay for any taxes payable in connection
with the disposal of the Pledged property; and 
 Third, to repay the Guaranteed Liabilities to the Pledgee. 

If there is any balance after the above payments, the Pledgee shall return the same to the Pledgors or other persons entitled thereto
pursuant to relevant laws and regulations, or escrow the same to the local notary institution where the Pledgee is domiciled (any fees incurred in relation thereto shall be borne by the Pledgors). 

 

	4.5	The Pledgee shall be entitled to elect to exercise, simultaneously or otherwise, any of the default remedies it is entitled to; the Pledgee is not obliged to exercise
other default remedies before its exercise of the auctions or sale-offs of the Pledged property hereunder. 

Article 5 Fees and Costs 

All actual costs in connection with the creation of the Equity Interest Pledge hereunder, including (but not limited to) stamp duties, any other taxes,
all legal fees, etc., shall be borne by the Parties respectively. 
 Article 6 Continuity and No Waiver 

The Equity Interest Pledge hereunder is a continuous guarantee, and shall remain valid until the full performance of the Contractual Obligations or the
full repayment of the Guaranteed Liabilities. No exemption or grace period granted by the Pledgee to the Pledgors concerning any breach by the Pledgors or delay by the Pledgee in its exercise of any of its rights hereunder, shall affect the rights
of the Pledgee to demand at any time hereafter the strict performance of this Agreement by the Pledgors or the rights entitled to the Pledgee arising from subsequent breach by the Pledgors of this Agreement pursuant to this Agreement and relevant
PRC Law. 
 Article 7 Representations and Warranties 
 The Pledgors hereby severally and jointly represent and warrant to the Pledgee as follows: 
  

	7.1	The Pledgors are PRC citizens with full capacity and with full and independent legal status and legal capacity; has obtained appropriate authorization to execute,
deliver and perform this Agreement; and may act independently as a subject of actions. 

  
 5 

	7.2	The Pledgors have full power and authority to execute and deliver this Agreement and all other documents related to the transaction contemplated hereunder to be
executed by the Pledgors, and have full power and authority to consummate the transaction set forth herein. 

  

	7.3	All reports, documents and information provided by the Pledgors to the Pledgee prior to the effectiveness of this Agreement concerning the Pledgors and all issues
required hereunder are true and accurate in all material aspects as of the effective date hereof. 

  

	7.4	All reports, documents and information provided by the Pledgors to the Pledgee after the effective date hereof concerning the Pledgors and all issues required hereunder
are true, accurate and valid in all material aspects at the time when provided. 

  

	7.5	As of the effective date hereof, the Pledgors are the sole legal owners of the Pledged Property and is entitled to dispose of the Pledged Property or any part thereof,
and there is no outstanding dispute concerning the ownership of the Pledged Property. 

  

	7.6	Except for the encumbrance created on the Pledged Property hereunder, there is no other encumbrance or third party interest on the Pledged Property.

  

	7.7	The Pledged Property can be pledged or transferred in accordance with law, and the Pledgors has the full right and power to pledge it to the Pledgee pursuant to the
provisions hereof. 

  

	7.8	This Agreement constitutes the legal, valid and binding obligations of the Pledgors upon due execution by the Pledgors. 

 

	7.9	Any consent, permission, waiver or authorization by any third person, or any approval, permission, exemption by any government authority, or any registration or filing
formalities (if required by laws) with any government authority with respect to the execution and performance hereof and the Equity Interest Pledge hereunder have already been handled or obtained, and shall be fully valid within the term of this
Agreement. 

  

	7.10	The execution and performance by the Pledgors of this Agreement do not violate or conflict with any applicable laws, or any agreement to which they are a party or which
is binding on its assets, any judgment rendered by a court, any arbitration awards issued by an arbitration institution, or any decision made by an administrative authority. 

 

	7.11	The Equity Interest Pledge hereunder constitutes the security interest with first priority on the Pledged Property. 

 

	7.12	All the taxes and fees payable in connection with the obtaining of the Pledged Property have been fully paid by the Pledgors. 

  
 6 

	7.13	There is no pending or, to the knowledge of the Pledgors, threatening litigation, legal proceeding or demand in any court or any arbitral tribunal against the Pledgors,
or its property, or the Pledged property; there is no pending or, to the knowledge of the Pledgors, threatening litigation, legal proceeding or demand by any governmental or administrative authority against the Pledgors, or its property, or the
Pledged property, which shall be of material or detrimental effect on the economic conditions of the Pledgors or its capability to perform the obligations hereunder and the Guaranteed Liabilities. 

 

	7.14	The Pledgors hereby warrants to the Pledgee that the above representations and warranties shall remain true and accurate at any time and under any circumstance prior to
the full performance of the Contractual Obligations and the full repayment of the Guaranteed Liabilities and shall be fully complied with. 

 Article 8 Undertakings of the Pledgors 
 The Pledgors hereby severally and jointly
undertakes to the Pledgee as follows: 
  

	8.1	Without the prior written consent by the Pledgee, the Pledgors shall not create or permit the creation of any new pledge or any other encumbrance on the Pledged
property; pledge or any other encumbrance on the whole or part of the Pledged property created without the prior written consent by the Pledgee shall be null and void. 

 

	8.2	Without prior written notice to the Pledgee and the Pledgee’s prior written consent, the Pledgors shall not transfer the Pledged property, and any attempt by the
Pledgors to transfer the Pledged property shall be null and void. The proceeds from transfer of the Pledged property by the Pledgors shall be used for the repayment in advance of the Guaranteed Liabilities or for escrow to a third party agreed to by
the Pledgee. 

  

	8.3	In case of any litigation, arbitration or other demand which may have a detrimental effect on the interest of the Pledgors or the Pledgee under this Agreement or the
Pledged property, the Pledgors undertakes to notify the Pledgee in writing in a timely manner and shall take, according to the reasonable requirements of the Pledgee, all necessary measures to ensure the pledge interest of the Pledgee in the Pledged
property. 

  

	8.4	The Pledgors shall not conduct or permit any act or action which may have a detrimental effect on the interest of the Pledgee under this Agreement or the Pledged
property. 

  

	8.5	The Pledgors guarantee that it shall, according to the reasonable requirements of the Pledgee, take all necessary measures and execute all necessary documents
(including but not limited to supplementary agreement hereto) so as to ensure the pledge interest of the Pledgee in the Pledged property and the exercise and realization of such rights. 

  
 7 

	8.6	In the event of any transfer of any Pledged property resulting from the exercise of the right to the pledge hereunder, the Pledgors guarantee that they shall take all
necessary measures for the realization of such transfer. 

 Article 9 Change of Circumstances 

As supplement to and not in conflict with the other terms hereof, if at any time, any PRC Law is promulgated or changed, or the interpretation or
application of such laws is changed, or the relevant registration procedures are changed, thereby rendering the Pledgee to believe that the continuous effectiveness of this Agreement and/or disposal of the Pledged property in the way provided herein
shall be illegal or in conflict with such laws, the Pledgors shall, upon the written direction of the Pledgee and pursuant to its reasonable request, promptly take any action and/or execute any agreement or other document, so as to: 

 

	(1)	ensure the effectiveness of this Agreement; 

  

	(2)	facilitate the disposal of the Pledged Property in the manner provided herein; and/or 

 

	(3)	maintain or realize the purpose hereof or the guarantee established in accordance herewith. 

Article 10 Effectiveness and Term of This Agreement 

 

	10.1	This Agreement shall become effective upon the satisfaction of all of the following conditions: 

 

	 	(1)	this Agreement is duly executed by each of the Parties; and 

  

	 	(2)	the Equity Interest Pledge hereunder has been lawfully recorded in the shareholders register of the Company. 

The Pledgors shall provide the Pledgee with the registration certificate of the Equity interest pledge in the aforementioned shareholders
register in the form satisfactory to the Pledgee. 
  

	10.2	This Agreement shall remain valid until the full performance of the Contractual Obligations or the full discharge of the Guaranteed Liabilities.

 Article 11 Notices 
  

	11.1	Any notice, request, demand and other correspondence required by or made in accordance with this Agreement shall be in writing and delivered to the relevant Party.

  

	11.2	The above notice or other correspondence shall be deemed to have been delivered upon delivery when it is transmitted by facsimile or telex; or upon handover to the
receiver when it is delivered in person; or on the fifth (5) day after posting when it is delivered by mail. 

  
 8 

 Article 12 Miscellaneous 

 

	12.1	The Pledgee may, upon notice to the Pledgors, and without consent from the Pledgors, assign the Pledgee’s rights and/or obligations hereunder to any third party;
however, the Pledgors may not, without the Pledgee’s prior written consent, assign their rights, obligations or liabilities hereunder to any third party. Successors or permitted assigns (if any) of the Pledgors shall continue to perform
the obligations of the Pledgors hereunder. The Pledgors shall cooperate with the Pledgee in timely handling the required change registration procedures. 

  

	12.2	This Agreement is made in Chinese in five (5) originals, with each Party retaining one original, and 2 originals to be used for the purpose of registration or
filing. Additional originals (if necessary) may be increased accordingly for the purpose of registration or filing. 

  

	12.3	The execution, effectiveness, performance, amendment, interpretation and termination of this Agreement shall be governed by the PRC Law. 

 

	12.4	Any dispute arising hereunder and in connection herewith shall be settled through consultations between the Parties, and if no agreement regarding such dispute can be
reached by the Parties within thirty (30) days upon its occurrence, such dispute shall be submitted to the Shanghai Sub-commission of China International Economic and Trade Arbitration Commission for arbitration in Shanghai in accordance with
the arbitration rules thereof, and the arbitration award shall be final and binding on the Parties. 

  

	12.5	Any rights, powers and remedies granted to any Party by any provision herein shall not preclude any other rights, powers and remedies available to such Party in
accordance with laws and other provisions hereunder, and the exercise of its rights, powers and remedies by a Party shall not preclude its exercise of any other rights, powers and remedies available to it. 

 

	12.6	No failure or delay by a Party in exercising any of its rights, powers and remedies hereunder or in accordance with law (hereinafter the “Rights”)
shall be construed as a waiver of such Rights, and the waiver of any single or partial exercise of the Rights shall not preclude its exercise of such Rights in any other way and other Rights. 

 

	12.7	The headings of the Articles herein are for reference only, and in no circumstances shall such headings be used in or affect the interpretation of the provisions
hereof. 

  

	12.8	Each provision contained herein shall be severable and separate from other provisions, and if at any time one or more provisions herein become invalid, illegal or
unenforceable, the validity, legality or enforceability of the remaining provisions herein shall not be affected as a result thereof. 

  
 9 

	12.9	Any amendments or supplements to this Agreement shall be in writing. Except for assignment by the Pledgee of its rights hereunder pursuant to Article 12.1, the
amendments hereof or supplements hereto shall take effect only upon due execution by the Parties hereto. 

  

	12.10	Subject to Article 12.1 above, this Agreement shall be binding on the legal successors of the Parties. 

 

	12.11	At the even date with the date hereof, the Pledgors shall sign a power of attorney (as set out in Annex 2 hereto, hereinafter the “Power of Attorney”)
to authorize any person designated by the Pledgee to sign on its behalf any and all necessary legal documents for the exercise by the Pledgee of its rights hereunder pursuant to this Agreement. Such Power of Attorney shall be kept by the Pledgee
and, when necessary, the Pledgee may at any time submit the Power of Attorney to the relevant government authorities. 

 [THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

  
 10 

 (SIGNATURE PAGE) 
 IN WITNESS WHEREOF, the Parties have caused this Equity interest pledge Agreement to be executed as of the date and at the place first above written. 

Zhou Yu 
 Signature: /s/ Zhou
Yu                                         
            
 Ye Yuan 
 Signature: /s/ Ye
Yuan                                         
            
 Reshuffle Technology (Shanghai) Co., Ltd. 

(corporate seal) 
 [Seal: Reshuffle Technology
(Shanghai) Co., Ltd.] 
 By: /s/ Wei
Wang                                         
                  
 Name: 

Title: authorized representative 

  
 11 

 Annex 1: 
 Basic Information of the Company 
 Company name: Beijing Tixian Digital Technology
Co., Ltd. 
 Registered address: Room 9960, 3# Building, No.3 Xijing Road, Badachu Hi-tech Park, Shijingshan District, Beijing 

Registered capital: RMB 1 million 
 Legal
representative: Zhou Yu 
 Equity structure: 
  

									
	 Shareholder
 name
	  	Contribution to
registered 
capital	  	Percentage of
contribution	 	 	Method of
contribution
	 Zhou Yu
	  	RMB 950,000	  	 	95	% 	 	Money
	 Ye Yuan
	  	RMB 50,000	  	 	5	% 	 	Money
	 Total
	  	RMB 1 million	  	 	100	% 	 	/

  
 12 

 Annex 2: 
 Form of the Power of Attorney 
  

	I,	Zhou Yu, hereby irrevocably entrust             , with his/her identity card number
            , to be my authorized agent to sign on my behalf all the legal documents necessary or desirable for Reshuffle Technology (Shanghai) Co., Ltd. to exercise its rights under the
Equity interest pledge Agreement in respect of Beijing Tixian Digital Technology Co., Ltd. between it and me. 

  

	
	
	Signature: /s/ Zhou
Yu                                         
       
	  
 Date:

  

  
 13 

 Annex 2: 
 Form of the Power of Attorney 
  

	I,	Ye Yuan, hereby irrevocably entrust             , with his/her identity card number
            , to be my authorized agent to sign on my behalf all the legal documents necessary or desirable for Reshuffle Technology (Shanghai) Co., Ltd. to exercise its rights under the
Equity interest pledge Agreement in respect of Beijing Tixian Digital Technology Co., Ltd. between it and me. 

  

	
	
	Signature: /s/ Ye
Yuan                                         
       
	
	Date:

  
 14

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