Document:

Exhibit
10.20

 

Vehicle
Consignment Agreement

 

ID
No.:

Address:

Telephone:

 

Trustee:
JV staff (“Party B”)

ID
No.: ID No.

Address:
Actual correspondence address

Telephone:
Actual telephone No.

 

According
to the “Contract Law of the People’s Republic of China” and other relevant laws and regulations, Party
A and Party B, on the principle of equality, voluntariness and friendly cooperation and with the consensus after negotiation,
reached the following agreements:

 

	1	Entrustment

 

		1.1	Party
                                         A hereby entrusts Party B to purchase motor vehicles (“Vehicle” or
                                         “Vehicles”) on its behalf. Party B hereby agrees to accept the entrustment
                                         of Party A and strictly follows the requirements of Party A to handle the entrustment.

 

		1.2	Party
                                         A hereby entrusts Party B as the assignee of the Vehicles to register the ownership of
                                         the Vehicles. Party B hereby confirms that the ownership of the Vehicles belongs to Party
                                         A, and Party B only acts as the assignee of the Vehicles in the name to temporarily register
                                         the ownership of the Vehicle on behalf of Party A.

 

		1.3	Upon
                                         the sales of the Vehicles purchased by Party A to a third party, Party B shall handle
                                         the procedures for transfer of the Vehicles to the third party in a timely manner.

 

		1.4	Party
                                         B shall record the relevant conditions and information of each Vehicle in detail and
                                         fill out the “Vehicle Information Record Sheet” annexed hereto containing
                                         the brand, model, license plate number (if any), engine number, purchase date and sale
                                         date (if sold) of each Vehicle, and submit the “Vehicle Information Record Sheet”
                                         signed and confirmed by it to Party A on the last day of each month.

 

		1.5	Party
                                         A and Party B jointly confirm that each “Vehicle Information Record Sheet”
                                         shall be signed and confirmed by Party B and submitted to
                                         Party A which constitutes part hereof.

 

     

     

    

 

	2	Rights
                                         and obligations of Party A

 

		2.1	Party
                                         A owns complete ownership of the Vehicles and has the right to exercise its own rights.

 

		2.2	Any
                                         revenue generated from the Vehicles shall belong to Party A.

 

		2.3	The
                                         normal expenses incurred by the Vehicles shall be borne by Party A itself including but
                                         not limited to the repair, maintenance, vehicle and vessel use tax, insurance premium,
                                         etc. of the Vehicles.

 

		2.4	Party
                                         A shall be entitled to change the assignee of the Vehicles in the name from Party B to
                                         others and request Party B to handle related matters within the period of time specified
                                         by Party A.

 

	3	Rights
                                         and obligations of Party B

 

		3.1	Party
                                         B shall be only the nominal owner of the Vehicles and shall not be entitled to claim
                                         any rights against the Vehicles. Without the written consent of Party A, Party B may
                                         not use or dispose of the Vehicle in any form including but not limited to rental, lending,
                                         transfer, mortgage, pledge, gift, etc. for any personal reasons such as the division
                                         of property of spouses, the performance of personal debt, etc.

 

		3.2	In
                                         the event of any litigation, arbitration, administrative penalties, administrative order
                                         or other request that have or may have an adverse effect on the interests of Party A,
                                         Party B and any of the Vehicles hereunder, Party B hereby guarantees to notify Party
                                         A in writing of notification, order or recommendation immediately after receiving such
                                         notification, order or recommendation issued or promulgated by the relevant court, arbitration
                                         tribunal or administrative agency concerning the ownership of the Vehicles, and take
                                         all necessary measures in accordance with the requirements of Party A to ensure the rights
                                         and interests of Party A in the Vehicles.

 

		3.3	When
                                         Party A exercises rights to the Vehicles, Party B shall proactively cooperate with Party
                                         A in handling relevant matters in accordance with the requirements of Party A including
                                         but not limited to signing relevant documents and handling relevant procedures for the
                                         Vehicles.

 

		3.4	Upon
                                         the transfer registration of the Vehicles in the name of Party B, Party B shall, within
                                         one day after completion of the transfer registration, deliver the relevant set of materials
                                         for the transfer of the Vehicles to the person or the company designated by Party A for
                                         custody, which shall include but not be limited to (1) motor vehicle registration certificate,
                                         (2) motor vehicle driving license, (3) valid motor vehicle safety technical conformity
                                         inspection mark, (4) vehicle purchase tax clearance certificate (5) vehicle mandatory
                                         liability insurance payment proof, (6) original invoice for vehicle purchase or uniform
                                         invoice for sales of second-hand vehicles, (7) “three guarantees” certificate
                                         and repair records, (8) vehicle keys and other information
                                         of the Vehicles.

 

     

     

    

 

		3.5	Party
                                         B hereby agrees not to demand any remuneration from Party A for fulfilling any of its
                                         obligations hereunder.

 

		3.6	Party
                                         B hereby agrees that without the written consent of Party A, it shall not transfer any
                                         of its rights or obligations hereunder to any other person.

 

	4	Liabilities

 

		4.1	Should
                                         Party B appear reluctant to handle the entrustment resulting in any delay in transfer
                                         (registration) of any of the Vehicles or fail to do so, Party B shall compensate all
                                         losses caused to Party A accordingly.

 

		4.2	Should
                                         Party B use or dispose of any of the Vehicles without the written consent of Party A,
                                         Party B shall be entitled to all the proceeds therefrom; Should Party B cause losses
                                         to Party A for such behavior, Party B shall compensate all losses caused to Party A accordingly.

 

		4.3	Should
                                         due to the reasons of Party B (including but not limited to the debt disputes involved
                                         by Party B, the administrative liability or criminal liability to Party B, etc.) resulting
                                         in adverse conditions (including but not limited to the damage, detention, seizure, forced
                                         auction or sell-off, etc. of the Vehicles), Party B shall compensate all losses caused
                                         to Party A accordingly.

 

	5	Change
                                         and termination of the Agreement

 

		5.1	Party
                                         A shall be entitled to notify Party B of the termination of the Agreement at any time.
                                         Party B shall transfer the Vehicles to Party A or the third party designated by Party
                                         A within the period of time specified by Party A upon receiving the notice of Party A.

 

		5.2	Party
                                         B shall not be entitled to unilaterally amend and terminate the Agreement.

 

		5.3	With
                                         consensus after negotiation, Party A and Party B may amend or terminate the Agreement.

 

	6	Dispute
                                         settlement

 

		6.1	Should
                                         there be any disputes or dissensions over the provisions of the Agreement or the performance
                                         thereof, Party A and Party B shall handle the matters through
                                         friendly negotiation; Should the negotiation fail, either party may file a lawsuit with
                                         the People’s Court where Party A is located.

 

     

     

    

 

	7	Miscellaneous

 

		7.1	Should
                                         there be any matters not covered by the Agreement, Party A and Party B may enter into
                                         supplemental agreements after negotiation. The supplemental agreements and the Agreement
                                         shall be of the same legal effect.

 

		7.2	The
                                         Agreement shall take effect on the date of signature and seal of Party A and Party B
                                         and shall be in duplicate. Both Party A and Party B shall hold one copy, which shall
                                         be of the same legal effect.

 

[The
following pages are reserved for the signatures of the Parties to the Vehicle Consignment Agreement.]

 

The
Vehicle Consignment Agreement was entered into between the following Parties on this day of________:

	 	 
	Party A:	 
	 	 
	 	 
	Date:	 
	 	 

 

 

     

     

    

	 	 
	Party B:	 
	 	 
	 	 
	Date:Exhibit
10.21

 

Loan
and Service Agreement

 

Contract
No:________________

 

Legal
representative:

Address:

Contact:

 

ID
No.:

Residence:

 

For
the purposes of this Agreement, Party A and Party B are collectively referred to as the “Parties” and individually
referred to as a “Party”.

 

According
to the “Contract Law of the People’s Republic of China” and other relevant laws and regulations, Party
A and Party B, after arm’s length negotiations, entered into the following agreement for the purpose of the provision of
loans from Party A to Party B for payment of the procurement of second-hand vehicles and services related to second-hand vehicles:

 

	1.	Loan

 

		1.1.	Amount
                                         of the Loan 

 

	 	 	Party
                                         A agrees to provide Party B with a loan dominated in renminbi at a certain amount (“Loan”)
                                         in accordance with the terms and conditions set out in this Agreement, which shall be
                                         subject to the monthly Confirmation of Loan signed by both Parties (Appendix 1).

 

		1.2.	Purpose
                                         of the Loan

 

			Party
                                         B warrants that the Loan will only be used for paying for the procurement of second-hand
                                         vehicles based on the instruction of third-party provider of second-hand vehicle service
                                         (“Second-hand Vehicle Service Provider”) as designated by Party A.
                                         Party B shall not use the Loan for any other purpose without the prior written consent
                                         of Party A.

  

    1 

     

    

 

		1.3.	Conditions
for the release of the Loan

 

			Upon all of the following
conditions are satisfied or waived by Party A in writing, Party A shall release the Loan to Party B within [ ] working days from
the date of execution of this Agreement:

 

		(1)	The
                                         representations and warranties made by Party B in Article 4.2 under this Agreement are
                                         true, complete and correct, and not misleading;

 

		(2)	Party
                                         B shall use the account of Party A as the collection account for the sale of second-hand
                                         vehicles;

 

		1.4.	Release
                                         of the Loan

 

		1.4.1	Both
                                         Parties agree that Party B may from time to time designate the account of a third party
                                         (“Receiving Agent”) to collect the Loan. Both Parties confirm that
                                         Party B remains to be the debtor for the purpose of the Loan under this Agreement, and
                                         the Receiving Agent does not assume any obligation to repay the Loan.

 

		1.4.2	For
                                         the confirmation of the Loan relationship, Party B shall, upon receiving the credit statement
                                         (Appendix 2) issued by the Receiving Agent, sign the Confirmation of Loan (Appendix 1)
                                         based on the actual credit amount together with Party A.

 

		1.4.3	In
                                         order to monitor the use of the Loan, Party A has the right to manage the above-mentioned
                                         account designated by Party B either by itself or by a third party.

 

		1.5.	Term
                                         of the Loan

 

			The
                                         term of the Loan shall commence from the date of execution of this Agreement to the day
                                         when Party A requires the Borrower to repay the Loan and the Borrower repay the Loan
                                         in full (“Term of Loan”).

 

		1.6.	Interest
                                         of the Loan

 

		 	During
                                         the Term of Loan, the Loan under this Agreement is a non-interest bearing loan. The interest
                                         of the Loan shall be calculated based on an annual interest rate of 0% from the second
                                         day upon the expiry of the Term of Loan.

 

		1.7.	Repayment
                                         of the Loan

 

		1.7.1	Both
                                         Parties agree that the proceeds from the sale of second-hand vehicles by Party B on
                                         behalf of Party A shall be paid in full to Party A for the repayment of the Loan and
                                         payment of service fees, of which the portion exceeding the principal of the Loan shall
                                         be the service fees for the provision by Party A of second-hand vehicle service to Party
                                         B.

  

    2 

     

    

 

		1.7.2	Party
                                         B undertakes that during the sale of second-hand vehicles, Party B shall designate the
                                         account of Party A as the collection account for the sale of second-hand vehicles.

 

		1.7.3	Account
                                         information of Party A

 

The
account information of Party A is as follows:

 

Account
No.               :     [                     ] 

Account
bank             :     [                     ]

Account
name            :     [                     ]

 

		1.7.4	During
                                         the Term of Loan as stipulated in this Agreement, Party A shall have the right to require
                                         Party B to repay the Loan in part or in whole at any time.

 

		1.8.	Guarantee
                                         of the Loan

 

		1.8.1	Both
                                         Parties agree that the second-hand vehicles purchased by Party B by using the Loan will
                                         automatically serve as the guarantee for the Loan.

 

	2.	Second-hand
                                         vehicle service

 

		2.1	Content
                                         of service

 

		Party
                            B authorizes Party A to deal with the following matters on behalf of Party B in Party B’s purchase
                            and sale of second-hand vehicles (“Second-hand Vehicle Service”):

 

		(1)	selecting
                                         the Second-hand Vehicle Service Providers;

 

		(2)	dealing
                                         with all matters relating to the purchase and sale of second-hand vehicles (other than
                                         the obligations of Party B as stipulated in this Agreement), including but not limited
                                         to disputes resolution;

 

		(3)	determining
                                         the price of purchase and sale of second-hand vehicles;

 

		(4)	collecting
                                         the proceeds of the sale of second-hand vehicles of Party B. In the “Second-hand
                                         Vehicles Sales Contract” entered into between Party B and the consumers, the collection
                                         account shall be the one of Party A.

 

    3 

     

    

 

		2.2	Service
                                         fees and other relevant expenses

 

		2.2.1	Both
                                         Parties agree that Party B shall pay Party A service fees at a certain amount, the particulars
                                         of which shall be subject to the Confirmation of Service Fees (Appendix 3).

 

		2.2.2	Party
                                         A shall bear the costs or responsibilities between Party A and the Second-hand Vehicle
                                         Service Provider and Party B shall not bear any responsibility.

 

		2.3	Party
                                         B agrees that the delegation is irrevocable and Party A may transfer the delegation.

 

		2.4	The
                                         Second-hand Vehicle Service shall be terminated upon the expiry of the Term of Loan under
                                         this Agreement.

 

		3.	Obligations
                                         of Party B

 

		3.1	Purchase
                                         of second-hand vehicles

 

		3.1.1	Party
                                         B shall, based on the instructions of the Second-hand Vehicle Service Provider as designated
                                         by Party A, in its own name:

 

		(1)	enter
                                         into a second-hand vehicle purchase contract with the original owner;

 

		(2)	use
                                         the Loan provided by Party A to pay for the purchase of second-hand vehicles;

 

		(3)	execute
                                         relevant documents;

 

		(4)	procure
                                         the transfer of ownership of the second-hand vehicle to the person designated by the
                                         Second-hand Vehicle Service Provider.

 

		3.2	The
                                         second-hand vehicle purchased by Party B shall be in the custody of and maintained by
                                         the Second-hand Vehicle Service Provider designated by Party A. The relevant documents
                                         and materials of such second-hand vehicle shall also be handed over to the Second-hand
                                         Vehicle Service Provider. Party B shall not dispose of such second-hand vehicles in any
                                         form, either by itself or by instructing any other Party.

 

    4 

     

    

 

		3.3	Sale
                                         of second-hand vehicles

 

		3.3.1	Party
                                         B shall, based on the instruction of the Second-hand Vehicle Service Provider designated
                                         by Party A, enter into a second-hand vehicle sales contract with the consumer in its
                                         own name and procure the transfer of the second-hand vehicle to the consumer;

 

		3.3.2	Party
                                         B shall transfer relevant documents and materials of such second-hand vehicle for sale
                                         to the consumer; and

 

		3.3.3	execute
                                         relevant documents.

 

		3.4	Party
                                         B shall allow Party A or its affiliates to inspect the use of the Loan. At the same time,
                                         Party B shall provide Party A with all the contracts, documents, materials and account
                                         breakdown relating to the purchase and sale of second-hand vehicles as required by Party
                                         A.

 

		4.	Representations
                                         and warranties

 

		4.1	Party
                                         A hereby makes the following representations and warrants that such representations are
                                         true and correct:

 

		(1)	Party
                                         A has the ability to execute and perform this Agreement;

 

		(2)	The
                                         execution and performance of this Agreement by Party A is not in violation of any agreement
                                         and document entered into between Party A and any third-party or any commitment made
                                         by Party A to any third party;

 

		(3)	This
                                         Agreement, once executed, shall constitute the legally valid and enforceable obligations
                                         of Party A.

 

		4.2	Party
                                         B hereby makes the following representations to Party A and warrants that such representations
                                         are true and correct:

 

		(1)	Party
                                         B has the ability to execute and perform this Agreement;

 

		(2)	The
                                         execution and performance of this Agreement by Party B is not in violation of any agreement,
                                         document entered into between Party B and any third-party or any commitment made by Party
                                         B to any third party;

 

		(3)	This
                                         Agreement, once executed, shall constitute the legally valid and enforceable obligations
                                         of Party B.

 

    5 

     

    

 

		5.	Liability
                                         for breach of contract

 

			If
                                         Party B does not use the Loan for the purpose agreed by the Parties, Party A has the
                                         right to withdraw the Loan in part or in whole, implement the guarantee under this Agreement,
                                         or require Party B to compensate Party A for any loss caused thereby.

 

		6.	Force
                                         majeure

 

Any
party to the Agreement shall not be liable for any loss caused to the other party arising from its failure or delay of
performance of the obligations under the Agreement due to force majeure events. In the event of a force majeure event, the
party affected shall immediately notify the other party, and issue a document to the other party that can effectively prove
the occurrence of the force majeure event within 15 days of the occurrence. The party affected by force majeure event shall
take active and effective measures to minimize the losses caused to the other party by its failure or delay of performance of
the obligations under this Agreement. The time to delay the performance of relevant obligations due to force majeure event
should be equal to the duration of force majeure event.

 

For
the purposes of this Agreement, force majeure means the events that are unable to be foreseen by both Parties at the time of signing
the Agreement and their occurrence and consequences could not be prevented or avoided, and those that are expressly provided for
in the state laws.

 

		7.	Confidentiality
                                         clauses

 

		7.1	Unless
                                         otherwise agreed in this Agreement, both Parties to this Agreement shall do their utmost
                                         to keep confidential any technical or commercial information of all forms relating to
                                         other Parties obtained as a result of the performance of this Agreement, including any
                                         content of the Agreement and other potential cooperation and transaction between the
                                         Parties. Either party shall limit its employees, agents (including the Receiving Agent
                                         set out in this Agreement, the same below), advisors, etc., to obtain the above information
                                         only if necessary for the proper performance of the obligations under this Agreement,
                                         and such employees, agents, advisors, etc. shall be bound by the same degree of confidentiality
                                         obligations as the party concerned.

 

		7.2	The
                                         above restrictions do not apply to:

 

		(1)	the
                                         information which are available to the public at the time of disclosure;

 

		(2)	the
                                         information which are available to the public after disclosure not due to the fault of
                                         the recipient;

 

		(3)	the
                                         information which the recipient can prove that it has acquired prior to disclosure and
                                         is not obtained directly or indirectly from other Parties;

  

    6 

     

    

 

		(4)	the
                                         aforementioned confidential information that either party, as required by law, is obliged
                                         to disclose to relevant government authorities, etc., or either party discloses to its
                                         immediate legal advisors and financial advisors for its normal business operations (provided
                                         that the immediate legal advisors and financial advisors shall be bound by the same degree
                                         of confidentiality obligations as the party concerned);

 

		(5)	the
                                         aforementioned confidential information that Party A shall disclose to the investors
                                         and their affiliates (provided that Party A shall ensure that the investors and their
                                         affiliates shall be bound by the same degree of confidentiality obligations as the Party
                                         A).

 

		7.3	This
                                         article remains to have legal effect regardless of any change, cancellation or termination
                                         of the Agreement.

 

		8.	Dispute
                                         Resolution and Applicable Law

 

		8.1	Any
                                         dispute between the Parties to the Agreement over the content of this Agreement or the
                                         performance hereof shall be resolved through friendly negotiations, in the event that
                                         such negotiation fails to deliver satisfactory result, either Party may file a lawsuit
                                         in the People’s Court where Party A is located.

 

		8.2	The
                                         entry into, implementation and interpretation of this Agreement and the dispute resolution
                                         shall be governed by the laws of PRC.

 

		9.	Effectiveness,
                                         change, and termination of the Agreement

 

		9.1	The
                                         Agreement shall become effective upon both Parties sign it.

 

		9.2	Any
                                         modification of the terms of the Agreement must be approved by both Parties and confirmed
                                         in writing.

 

		9.3	This
                                         Agreement will be terminated for any of the following reasons:

 

		(1)	the
                                         expiry of the Term of Loan of this Agreement;

 

		(2)	agreement
                                         between the Parties to terminate this Agreement.

 

    7 

     

    

 

		9.4	The
                                         early termination of this Agreement shall not affect the rights and obligations of the
                                         Parties to the Agreement that have arisen under this Agreement prior to the earlier termination
                                         date of this Agreement.

 

	10.	Miscellaneous

 

		10.1	Failure
                                         by either Party to this Agreement to exercise the rights under this Agreement in a timely
                                         manner shall not be deemed a waiver of such right, nor will it affect such Party’s
                                         exercise of that right in the future.

 

		10.2	If
                                         any term under this Agreement becomes invalid or does not have the force of execution
                                         in whole or in part or violates any applicable law for any reason, such term shall be
                                         deemed to be deleted. However, the remaining terms under this Agreement should still
                                         be valid and binding.

 

		10.3	This
                                         Agreement shall be binding on either party’s heirs and assignees.

 

		10.4	The
                                         matters not covered in this Agreement shall be resolved through negotiated by the Parties.

 

		10.5	This
                                         Agreement is in two copies, each of which shall be held by Party A and Party B respectively
                                         and have the same legal effect.

 

[The
following pages are reserved for the signatures of the Loan and Service Agreement]

 

    8 

     

    

 

The
Loan and Service Agreement was entered into between the following Parties in _________ on this day of  ____ 2017:

 

 

Signature
of legal representative or authorized representative:

 

 

	Signature:	 	 
	                      	 
	Date:	 

 

    9 

     

    

 

	Appendix 1	Confirmation
                                         of Loan

 

Shanghai
Jieying Automobile Sales Co., Ltd. (the “Company”) provides the Loan in RMB to [ ] (the “Borrower”)
under the “Loan and Service Agreement”, and both Parties hereby confirm as follows:

 

The
Company has release the Loan to the Borrower according to the time and amount listed in the table below; the Borrower’s
designated account has received the Loan at the time listed in the table below. The interest, term and purpose of such Loan is
subject to the terms of the “Loan and Service Agreement”.

 

	Shanghai Jieying Automobile Sales
    Co., Ltd.	 	[Management]	 
	Authorized representative: []	 	ID No.:	 	 
	Date of	 	 	Date of	 	 
	release	 	 	receipt	 	 
	of Loan	 	 	of Loan	 	 
	Amount	RMB [ ]	 	Amount	RMB [ ]	 
	of Loan	(In words:	)	of Loan	(In words:	)
	granted	 	 	received	 	 
	 	 
	Seal: Shanghai Jieying Automobile
    Sales Co., Ltd.	Signature:
	Authorized representative (signature):	 	 	 	 
	Date:	 	 	Date:	 	 

 

    10 

     

    

 

	Appendix 2	Confirmation of Receipt

 

 

I
hereby acknowledge and represent that:

 

1.
The bank account I listed in the “Loan and Service Agreement” has received the Loan provided by Shanghai Jieying Automobile
Sales Co., Ltd. at the time listed in the table below; the receipt issued by the bank is attached hereto.

 

2.
The purpose of the Loan is to purchase the second-hand vehicles only. I will not use the money for any other purpose;

 

3.
I am not responsible for the repayment of principal and interest of such loans.

 

	[Receiving Agent]	 	 
	ID No.:	 	 
	Date of receipt of payment	 
	Amount of receipt	RMB [ ]	 
	of payment	(In words:	)
	 	 	 
	[Receiving Agent]	 
	 	 
	Signature:	 
	 	 
	Date:	 	 

 

    11 

     

    

 

	Appendix 3	Confirmation on Service Fees

 

 

 

		 	Shanghai Jieying Automobile Sales
    Co., Ltd.
	ID No.:	 	 	Authorized representative: [ ]
	Date of	 	 	Date of	 
	payment	 	 	receipt of	 
	of	 	 	service	 
	service	 	 	fees	 
	fees	 	 	 	 
	Amount	RMB [ ]	 	Amount of	RMB [ ]
	of	(In words:	)	service	(In words:                                   )
	service	 	 	fees	 
	fees paid	 	 	received	 
	 	 	 	 	 
	Signature:	 	 	Seal: Shanghai Jieying Automobile
    Sales Co., Ltd.
	 	 	 	Authorized representative (signature):
	Date:	 	 	Date:	 

 

    12

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00295-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00295-of-00352.parquet"}]]