Document:

EX-4.1

 Exhibit 4.1 

GLOBAL INDEMNITY GROUP, LLC 

2018 SHARE INCENTIVE PLAN 

(as Amended and Restated Effective as of August 28, 2020) 

Section 1. Purpose; Definitions 
 The
purpose of the Plan is to give Global Indemnity Group, LLC, a Delaware company (the “Company”), and its Affiliates (as defined below) a competitive advantage in attracting, retaining and motivating officers, employees, consultants
and non-employee directors, and to provide the Company and its Affiliates with a share plan providing incentives linked to the financial results of the Company’s businesses and increases in shareholder
value. 
 Effective August 28, 2020, the transactions contemplated by that certain Scheme of Arrangement and Amalgamation (the
“Scheme”) between Global Indemnity Limited (“GI Limited”), New CayCo (“New CayCo”) and certain shareholders, were consummated, which, together with the subsequent merger (together with the Scheme,
the “Reorganization”) of New CayCo with and into the Company, resulted in, among other things, the holders of GI Limited Class A and Class B ordinary shares outstanding immediately before the effective time of the Scheme
receiving one Class A common share of the Company and one Class B common share of the Company for each GI Limited Class A ordinary share and each GI Limited Class B ordinary share, respectively. 

Prior to the Effective Time, the Plan was sponsored by GI Limited. In connection with and upon the consummation of the Reorganization, the
Company assumed the sponsorship of the Plan and GI Limited’s existing obligations with respect to Awards granted and outstanding under the Plan. 

For purposes of the Plan, the following terms are defined as set forth below: 

“Affiliate” of a Person means a Person, directly or indirectly, controlled by, controlling or under common control with such
Person and with respect to the Company, includes without limitation its Subsidiaries and its Parent. 
 “Applicable Laws”
means the legal and regulatory requirements relating to the administration of equity-based awards, including but not limited to the related issuance of Common Shares, including without limitation, under U.S. state corporate laws, U.S. federal and
state securities laws, the Code, any stock exchange or quotation system on which the Common Shares are listed or quoted and the applicable laws of any non-U.S. country or jurisdiction where Awards are, or will
be, granted under the Plan. 
 “Award” means, individually or collectively, a grant under the Plan of any Stock Option,
Restricted Share, or Other Share-Based Award. 
 “Award Agreement” means a Restricted Share Agreement, Option Agreement or
Other Share-Based Award Agreement. An Award Agreement may include provisions included in an employment or consulting agreement of the Company or any of its Affiliates. 

“Board” means the Board of Directors of the Company. 

 “Cause” means, unless otherwise provided in the Participant’s
employment or consulting agreement with the Company or any of its Affiliates, that (i) the Participant is charged with or has committed a felony or other crime involving moral turpitude or conduct adverse to the interests of the Company or its
Affiliates, (ii) the Participant commits fraud, embezzlement or other conduct adverse to the interests of the Company or its Affiliates, (iii) the Participant substantially fails to perform his duties or obligations to the Company or its
Affiliates, provided that he has been given notice and an opportunity to cure not to exceed thirty (30) days under circumstances in which the Board determines, in its sole discretion, that such failure to perform is in fact curable, or
(iv) the Participant violates Company policies or policies of its Affiliates or materially breaches any representation made to the Company or its Affiliates. 

“Code” means the Internal Revenue Code of 1986, as amended from time to time, and any successor thereto. Reference to a
specific section of the Code or regulation thereunder shall include such section or regulation, any valid regulation promulgated under such section, and any comparable provision of any future legislation or regulation amending, supplementing or
superseding such section or regulation. 
 “Committee” means (a) the Compensation Committee of the Board; or
(b) a committee (or subcommittee) of the Board that the Board may designate to administer or make decisions required to be made under the Plan, whose membership shall be composed of not less than two directors who are intended to qualify as Non-Employee Directors, each of whom shall be appointed by and serve at the pleasure of the Board; or (c) if at any time no such committee of the Board under (a) or (b) is so designated by the Board, the
Board. For the avoidance of doubt, and notwithstanding the foregoing, the Board in its sole discretion may reserve to itself on an exclusive or non-exclusive basis any authority with respect to the Plan that
is provided to any of the committees under clauses (a) or (b) of the immediately preceding sentence. 
 “Common
Shares” means the Class A common shares, no par value per share, of the Company having the rights, preferences and privileges set out in the Company’s Second Amended and Restated Limited Liability Company Agreement, as amended
from time to time (the “Limited Liability Company Agreement”). 
 “Company” has the meaning set forth in
the preamble hereto and any successors by operation of law. 
 “Disability” means permanent and total disability as defined
in Section 22(e)(3) of the Code. A Disability shall only be deemed to occur at the time of the determination by the Committee of the Disability. 

“Employment” means, unless otherwise defined in an applicable Award Agreement or employment or consulting agreement,
employment with, or service as a director or officer of, or as a consultant to, the Company or any of its Affiliates. 
 “Exchange
Act” means the Securities Exchange Act of 1934, as amended from time to time, and any successor thereto. 
 “Exchange
Program” means a program under which (i) outstanding Awards are surrendered or cancelled in exchange for awards of the same type (which may have higher or lower exercise prices and different terms), awards of a different type, and/or
cash, (ii) Participants would have the opportunity to transfer any outstanding Awards to a financial institution or other person or entity selected by the Committee, and/or (iii) the exercise price of an outstanding Award is increased or
reduced. The Committee will determine the terms and conditions of any Exchange Program in its sole discretion. 
 “Exercise
Price” has the meaning set forth in Section 5(a). 

  
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 “Fair Market Value” of the Common Shares means (unless otherwise provided
in the applicable Award Agreement), as of any given date, the closing price on the applicable date of the Common Shares on the Nasdaq National Market or, if not listed on such market, on any other national securities exchange on which the Common
Shares are listed or, if not so listed, on The Nasdaq Stock Market LLC and, if not so quoted, the average of the closing bid and ask prices for the Common Shares in the
over-the-counter market on which the Common Shares are actively traded. If such sales prices are not so available or the Common Shares are not actively traded, as
determined by the Committee in its sole discretion, the Fair Market Value of the Common Shares shall mean the fair value as determined by the Committee in light of all circumstances, including comparable recent bona fide sales of applicable or
similar securities. In the absence of any established market for the Common Shares, the Fair Market Value of the Common Shares shall be determined in good faith by the Committee. For purposes of the grant of any Stock Option, the applicable date
shall be the date on which the Stock Option is granted. 
 “Family Member” means, solely to the extent provided for in Rule
701 under the Securities Act or, following the filing of a Securities Act Form S-8 with respect to the Plan, solely to the extent provided for in Securities Act Form
S-8, any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew,
mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships, any person sharing the employee’s household (other than a tenant or employee), a trust in which these persons have more
than fifty percent (50%) of the beneficial interest, a foundation in which these persons (or the employee) control the management of assets, and any other entity in which these persons (or the employee) own more than fifty percent (50%) of the
voting interests or as otherwise defined in Rule 701 under the Securities Act or Securities Act Form S-8, as applicable. 

“FPC” means Fox Paine & Company, LLC, its subsidiaries and related entities (including without limitation Fox Paine
Capital, LLC, Fox Paine Capital Fund, L.P., Fox Paine Capital Fund H GP, LLC, Fox Paine Capital Fund II L.P., Fox Paine Capital Fund II International, L.P., Fox Paine Capital Fund II Co-Investors
International, LP), and all Persons that are partners or shareholders or members in any such related entities) and all partners, members, directors, employees, shareholders and agents of any of the foregoing. 

“Incentive Stock Option” means a Stock Option that qualifies as and is intended to qualify as an incentive stock option
within the meaning of Section 422 of the Code. 
 “Non-Employee Director”
means a member of the Board who qualifies as a Non-Employee Director (as defined in Rule 16b-3). 

“Nonstatutory Stock Option” means a Stock Option not intended to qualify as an Incentive Stock Option. “Option
Agreement” means an agreement setting forth the terms and conditions of a Stock Option Award. “Other Share-Based Award” means any Award granted under Section 7. 

“Officer” means a Person who is an officer of the Company within the meaning of Section 16 of the Exchange Act and the
rules and regulations promulgated thereunder 
 “Parent” means any parent corporation of the Company within the meaning of
Section 424(e) of the Code. 
 “Participant” has the meaning set forth in Section 4. 

  
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 “Performance Goal” means the objective performance goals established by the
Committee that may be based on one or more of the following performance criteria: (i) the attainment of certain target levels of, or a specified percentage increase in, revenues, income before taxes and extraordinary items, net income,
operating income, earnings before income tax, earnings before interest, taxes, depreciation and amortization or a combination of any or all of the foregoing; (ii) the attainment of certain target levels of, or a percentage increase in, after-tax or pre-tax profits including, without limitation, that attributable to continuing and/or other operations; (iii) the attainment of certain target levels of, or
a specified increase in, operational cash flow; (iv) the achievement of a certain level of, reduction of, or other specified objectives with regard to limiting the level of increase in, all or a portion of, the Company’s bank debt or other
long-term or short-term public or private debt or other similar financial obligations of the Company, which may be calculated net of such cash balances and/or other offsets and adjustments as may be established by the Committee; (v) earnings
per share or the attainment of a specified percentage increase in earnings per share or earnings per share from continuing operations; (vi) the attainment of certain target levels of, or a specified increase in return on capital employed or
return on invested capital; (vii) the attainment of certain target levels of, or a percentage increase in, after-tax or pre-tax return on shareholders’ equity;
(viii) the attainment of certain target levels of, or a specified increase in, economic value added targets based on a cash flow return on investment formula; (ix) the attainment of certain target levels in the fair market value of the
shares of the Company’s Common Shares; (x) the growth in the value of an investment in the Company’s Common Shares assuming the reinvestment of dividends; (xi) the attainment of a certain level of, reduction of, or other
specified objectives with regard to limiting the level in or increase in, all or a portion of controllable expenses or costs or other expenses or costs or a reduction of the loss ratio, expense ratio, or combined ratio; (xii) achievement of
certain targets with respect to the Company’s book value, assets or liabilities; and/or (xiii) such other criteria that the Committee determines, in its sole discretion. For purposes of item (i) above, “extraordinary items”
shall mean all items of gain, loss or expense for the fiscal year determined to be extraordinary or unusual in nature or infrequent in occurrence or related to a corporate transaction (including, without limitation, a disposition or acquisition) or
related to a change in accounting principle, all as determined in accordance with standards established by Opinion No. 30 of the Accounting Principles Board. In addition, such Performance Goal may be based upon the attainment of specified
levels of Company (or subsidiary, division or other operational unit of the Company) performance under one or more of the measures described above relative to the performance of other corporations. Furthermore, such Performance Goal may be
supplemented by reference to per share determinations. 
 “Performance Period” means three consecutive fiscal years of the
Company, or such shorter period as determined by the Committee in its discretion. 
 “Person” means an individual,
corporation, partnership, limited liability company, joint venture, trust, unincorporated organization, government (or any department or agency thereof) or other entity. 

“Plan” means the Global Indemnity Group, LLC 2018 Share Incentive Plan, as set forth herein and as hereinafter amended from
time to time. 
 “Plan Shares” has the meaning set forth in Section 11(a). 

“Restricted Shares” means an Award of Common Shares granted under Section 6. 

“Restricted Share Purchase Agreement” means an agreement setting forth the terms and conditions of an Award of Restricted
Shares. 
 “Retirement” means, unless otherwise specified in the applicable Award Agreement, a Participant’s
Termination of Employment without Cause at or after age fifty-five (55). 

  
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 “Rule 16b-3” means Rule 16b-3 of the Exchange Act or any successor to Rule 16b-3, as in effect when discretion is being exercised with respect to the Plan. 

“SEC” means the Securities and Exchange Commission or any successor agency. 

“Section 409A” means Section 409A of the Code, including any valid regulation or other official
guidance promulgated thereunder. 
 “Section 457A” means Section 457A of the Code, including any
valid regulation or other official guidance promulgated thereunder. 
 “Securities Act” means the Securities Act of 1933,
as amended from time to time, and any successor thereto. 
 “Share Award” means an Award consisting of either shares of
Common Shares or a right to receive Common Shares in the future, each pursuant to Section 6 of the Plan. 
 “Stock
Option” means any Nonstatutory Stock Option or Incentive Stock Option. 
 “Subsidiary’ means any subsidiary
corporation of the Company within the meaning of Section 424(f) of the Code. 
 “Termination of Employment” means
(i) a termination of service (for reasons other than a military or personal leave of absence granted by the Company) of a Participant from the Company or an Affiliate, unless the Participant thereupon becomes employed by the Company or another
affiliate. For purposes of Incentive Stock Options, any such leave may not exceed three (3) months, unless reemployment upon expiration of such leave is guaranteed by statute or contract. If reemployment upon expiration of a leave of absence
approved by the Company is not so guaranteed, then six (6) months following the first (1st) day of such leave any Incentive Stock Option held by the Participant will cease to be treated as an Incentive Stock Option and will be treated for tax
purposes as a Nonstatutory Stock Option. In addition, certain other terms used herein have definitions otherwise ascribed to them herein. 

Section 2. Administration 
 The Plan
shall be administered by the Committee. 
 Among other things, the Committee shall have the authority, subject to the terms of the Plan, to:

 (a) select the Participants to whom Awards may from time to time be granted and designate the Affiliates of the Company for purposes of
the Plan; 
 (b) determine whether and to what extent Awards are to be granted hereunder, 

(c) determine the number of shares of Common Shares to be covered by each Award granted hereunder; 

(d) determine the terms and conditions of any Award granted hereunder (including, but not limited to, the Exercise Price (subject to
Section 5(a)), any vesting conditions, restrictions or limitations (which may be related to the performance of the Participant, the Company or any of its Affiliates)) and any acceleration of vesting or waiver or cancellation regarding any Award
and the Common Shares relating thereto, based on such factors as the Committee shall determine; 

  
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 (e) subject to Section 8 hereof, modify, amend or adjust the terms and conditions of
any Award, at any time or from time to time, including, but not limited to, the authority to institute and determine the terms and conditions of an Exchange Program. 

(f) determine to what extent and under what circumstances Common Shares and other amounts payable with respect to an Award shall be deferred;

 (g) to authorize any person to execute on behalf of the Company any instrument required to effect the grant of an Award previously
granted by the Committee; 
 (h) adopt, alter and repeal such administrative rules, guidelines and practices governing the Plan as it shall
from time to time deem advisable; 
 (i) interpret the terms and provisions of the Plan and any Award issued under the Plan (and any
agreement, including, but not limited to, an Award Agreement relating thereto); 
 (j) adopt any sub plans applicable to residents of any
specified jurisdiction as it deems necessary or appropriate in order to comply with or take advantage of any tax laws or other laws applicable to the Company, its Affiliates, or to Participants or to otherwise facilitate the administration of the
Plan, which sub plans may include additional restrictions or conditions applicable to Awards or Plan Shares acquired upon exercise of Awards; and 

(k) make all determinations necessary or advisable for administering the Plan and otherwise supervise and administer the Plan. 

The Committee may act only by a majority of its members then serving thereon, except that, if permissible under Applicable Law, the Committee
may designate or allocate all or any portion of its responsibilities and powers to any one or more of their number or any officer of the Company. Any such designation or allocation may be revoked by the Committee at any time. 

Any dispute or disagreement which may arise under, or as a result of, or in any way relate to, the interpretation, construction or application
of the Plan or an Award (or related Award Agreement) granted hereunder shall be determined and resolved by the Committee. Any determination or resolution made by the Committee pursuant to the provisions of the Plan with respect to the Plan, any
Award or Award Agreement shall be made in the sole discretion of the Committee and, with respect to an Award, at the time of the grant of the Award or, unless in contravention of any express term of the Plan or the Award Agreement, at any time
thereafter. Except as otherwise set forth herein or in any Award Agreement, all decisions made by the Committee in accordance with the terms of the Plan or the Award Agreements shall be final, conclusive and binding on all Persons, including the
Company, its Affiliates and the Participants, and will be given the maximum deference permitted by Applicable Laws. 
 To the maximum extent
permitted by Applicable Law and the Limited Liability Company Agreement of the Company and to the extent not covered by insurance directly insuring such person, each officer and member or former member of the Committee or the Board shall be
indemnified and held harmless by the Company against any cost or expense (including reasonable fees and expenses of counsel reasonably acceptable to the Committee) or liability (including any sum paid in settlement of a claim with the approval of
the Committee), and advanced amounts necessary to pay the foregoing at the earliest time and to the fullest extent permitted, arising out of any act or omission to act in connection with the 

  
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administration of the Plan, except to the extent arising out of such officer’s, member’s or former member’s own fraud or bad faith. Such indemnification shall be in addition to any
rights of indemnification the employees, officers, directors or members or former officers, directors or members may have under Applicable Law or under the Limited Liability Company Agreement of the Company or any Affiliate. Notwithstanding anything
else herein, this indemnification will not apply to the actions or determinations made by an individual with regard to Awards granted to him or her under the Plan. 

Section 3. Shares 
 The total number
of Common Shares reserved and available for grant under the Plan shall be 2,500,000 (subject to any increase or decrease pursuant to this Section 3). Shares subject to an Award under the Plan may be authorized and unissued Common Shares or
Common Shares held in or acquired for the treasury of the Company or both. 
 If any Restricted Shares or Other Share-Based Awards are
forfeited to or repurchased by the Company due to failure to vest or if any Stock Option expires or terminates without being exercised, the shares subject to such Awards shall again be available for distribution in connection with Awards under the
Plan. In addition, in determining the number of Common Shares available for Awards other than Incentive Stock Options, if Common Shares have been delivered or exchanged by a Participant as full or partial payment to the Company for payment of the
exercise price, or for payment of withholding taxes, or if the number of Common Shares otherwise deliverable has been reduced for payment of the exercise price or for payment of withholding taxes, or if Awards are surrendered pursuant to an Exchange
Program, the number of Common Shares exchanged or reduced as payment in connection with the exercise or for withholding and the Common Shares subject to such Award surrendered pursuant to an Exchange Program shall again be available for purposes of
Awards other than Incentive Stock Options under the Plan. 
 The total number of Common Shares subject to any Stock Option which may be
granted under the Plan to any Participant shall not exceed 300,000 shares (subject to any increase or decrease pursuant to this Section 3) during each fiscal year of the Company. The individual Participant limitations set forth in this
Section 3 shall be cumulative; that is, to the extent that Common Shares for which Options are permitted to be granted to a Participant pursuant to this Section during a fiscal year of the Company are not covered by a grant of a Stock Option in
the Company’s fiscal year, such Common Shares available for grants to such Participant automatically increase in the subsequent fiscal years during the term of the Plan until used. 

No individual may be granted in any fiscal year of the Company Other Share-Based Awards that are contingent upon the attainment of Performance
Goals covering more than 50,000 Shares. 
 In the event any merger, reorganization, consolidation, combination, recapitalization, spin-off, stock dividend, share split, reverse share split, extraordinary distribution (whether in the form of cash, Common Shares, other securities, or other property) with respect to the Common Shares, repurchase
or exchange of Common Shares or other securities of the Company, any sale or transfer of all or part of the Company’s assets or business or other change in corporate structure affecting the Common Shares occurs or is proposed (such an event, an
“Equity Restructuring”), the Committee or the Board shall, effective as of the time of the Equity Restructuring, make such substitution or adjustment in the aggregate number and kind of shares or other property reserved for issuance
under the Plan or any limitations under the Plan, in the number, kind and Exercise Price (as defined herein) of shares or other property subject to outstanding Stock Options, in the number and kind of shares or other property subject to Restricted
Share Awards or other Awards, and/or such other substitution or adjustments, in each case as the Committee or the Board shall determine in its discretion to be appropriate in order to prevent diminution or enlargement of the

  
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benefits or potential benefits intended to be made available under the Plan, provided that, in no case shall such determination adversely affect in any material respect the rights of a
Participant hereunder or under any Award Agreement. In connection with any event described in this paragraph, the Committee may provide, in its sole discretion, for the cancellation of any outstanding Stock Option and payment in cash or other
property in exchange therefor in an amount equal to the excess at such time, if any, of the Fair Market Value of the underlying Common Shares over the per share exercise price for such Stock Options. 

In the event of a merger or consolidation in which the Company is not the surviving entity or in the event of any transaction that results in
the acquisition of substantially all of the Company’s outstanding Common Shares by a single person or entity or by a group of persons and/or entities acting in concert, or in the event of the sale or transfer of all or substantially all of the
Company’s assets (all of the foregoing being referred to as “Acquisition Events”), then the Committee may, in its sole discretion, treat each outstanding Award as the Committee determines (subject to the provision of the
following paragraph) without a Participant’s consent, including without limitation that: (i) Awards will be assumed, or substantially equivalent awards will be substituted, by the acquiring or succeeding corporation (or an affiliate
thereof) with appropriate adjustments as to the number and kind of shares and prices; (ii) upon written notice to a Participant, that the Participant’s Awards will terminate upon or immediately prior to the consummation of the Acquisition
Event, by delivering notice of termination to each Participant a reasonable period of time (as determined in the Committee) prior to the date of consummation of the Acquisition Event, in which case during the period from the date on which such
notice of termination is delivered to the consummation of the Acquisition Event, each such Participant shall have the right to exercise in full all of his or her Stock Options that are then outstanding (without regard to any limitations on
exercisability otherwise contained in the Stock Option agreements); (iii) outstanding Awards will vest and become exercisable, realizable, or payable, or restrictions applicable to an Award will lapse, in whole or in part prior to or upon
consummation of the Acquisition Event, and, to the extent the Committee determines, terminate upon or immediately prior to the effectiveness of such Acquisition Event; (iv) (A) the termination of an Award in exchange for an amount of cash
and/or property, if any, equal to the amount that would have been attained upon the exercise of such Award or realization of the Participant’s rights as of the date of the occurrence of the transaction (and, for the avoidance of doubt, if as of
the date of the occurrence of the transaction the Committee determines in good faith that no amount would have been attained upon the exercise of such Award or realization of the Participant’s rights, then such Award may be terminated by the
Company without payment), or (B) the replacement of such Award with other rights or property selected by the Committee in its sole discretion; or (v) any combination of the foregoing. In taking any of the actions permitted under this
paragraph, the Committee will not be obligated to treat all Awards, all Awards held by a Participant, or all Awards of the same type, similarly. 

In the event that the successor corporation does not assume or substitute for the Award (or portion thereof), the Participant will fully vest
in and have the right to exercise such outstanding Option, including shares as to which such Award would not otherwise be vested or exercisable, all restrictions on other Awards will lapse, and, with respect to such Awards with performance-based
vesting, all performance goals or other vesting criteria will be deemed achieved at one hundred percent (100%) of target levels and all other terms and conditions met, in all cases, unless specifically provided otherwise under the applicable Award
Agreement or other written agreement between the Participant and the Company or any of its Affiliates, as applicable. In addition, if an Option is not assumed or substituted in the event of an Acquisition Event, the Committee will provide for the
notice and exercisability period set forth in clause (ii) of the immediately preceding paragraph. 
 For the purposes of this Section,
an Award will be considered assumed if, following the Acquisition Event, the Award confers the right to purchase or receive, for each Common Share subject to the Award immediately prior to the Acquisition Event, the consideration (whether shares,
cash, or other securities or property) received in the Acquisition Event by holders of Common Shares for each Common 

  
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Share held on the effective date of the Acquisition Event (and if holders were offered a choice of consideration, the type of consideration chosen by the holders of a majority of the outstanding
Common Shares); provided, however, that if such consideration received in the Acquisition Event is not solely common stock or ordinary shares of the successor corporation or its Parent, the Committee may, with the consent of the successor
corporation, provide for the consideration to be received upon the exercise of a Stock Option or upon the payout of other Awards, for each Common Share subject to such Award, to be solely common stock or ordinary shares of the successor corporation
or its Parent equal in fair market value to the per share consideration received by holders of Common Shares in the Acquisition Event. 
 In
the event of the proposed dissolution or liquidation of the Company, the Committee will notify each Participant as soon as practicable prior to the effective date of such proposed transaction. To the extent it has not been previously exercised, an
Award will terminate immediately prior to the consummation of such proposed action. 
 Section 4. Participants 

The following persons shall be “Participants” eligible to be granted Awards under the Plan: (i) Persons who are officers,
directors, employee or consultants of the Company and/or any of its Affiliates; (ii) Persons who at the time of grant may be performing (or subject to being required t perform) services for the Company or any of its Affiliates (including,
without limitation, officers, directors, employees, Affiliates and consultants of FPC); and (iii) Non-Employee Directors of the Company and its Affiliates who are responsible for or contribute to the
management, growth and profitability of the business of the Company and its Affiliates. However, Incentive Stock Options may be granted only to employees of the Company, its Subsidiaries or its Parent. 

Section 5. Stock Options 
 The Board
or the Committee as its duly authorized delegate shall have the authority to grant to Participants Stock Options. Stock Options shall be evidenced by Option Agreements, which shall include such terms and provisions as the Committee may determine
from time to time, including whether such Stock Option is designated as an Incentive Stock Option or Nonstatutory Stock Option. However, notwithstanding such designation, to the extent that the aggregate Fair Market Value of the Common Shares with
respect to which Incentive Stock Options are exercisable for the first time by the Participant during any calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds one hundred thousand dollars ($100,000), such Stock Options
will be treated as Nonstatutory Stock Options. For purposes of the immediately preceding sentence, Incentive Stock Options will be taken into account in the order in which they were granted. The Fair Market Value of the Common Shares for purposes of
the foregoing in this paragraph will be determined as of the time the Stock Option with respect to such Common Shares is granted. 
 The
grant of a Stock Option shall occur on the date the Committee by resolution selects an individual to receive a grant of a Stock Option, determines the number of Common Shares to be subject to such Stock Option to be granted to such individual and
specifies the terms and provisions of the Stock Option, or on such other date as the Committee may determine. The Company shall notify a Participant of any grant of a Stock Option, and a written Option Agreement shall be duly executed and delivered
by the Company to the Participant. Such Option Agreement shall become effective upon execution and delivery by the Participant to the Company. 

  
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 Stock Options shall be subject to the following terms and conditions, and shall contain such
additional terms and conditions as the Committee shall deem desirable: 
 (a) Exercise Price. The price per Common Share purchasable
under a Stock Option shall be such price as determined by the Committee and set forth in the Option Agreement (the “Exercise Price”); provided that the Exercise Price shall not be less than the grant date Fair Market Value of the
Common Shares, and: 
 (i) In the case of an Incentive Stock Option 

(A) granted to an employee of the Company, its Subsidiaries or its Parent who, at the time of the grant of such Incentive Stock Option, owns
shares representing more than ten percent (10%) of the voting power of all share classes of the Company or its Subsidiaries or its Parent (a “Ten Percent Shareholder”), the per share Exercise Price shall be no less than one hundred
ten percent (110%) of the Fair Market Value per share on the date of grant; and 
 (B) granted to any employee of the Company, its
Subsidiaries or its Parent other than a Ten Percent Shareholder, the per share Exercise Price shall be no less ‘than one hundred percent (100%) of the Fair Market Value per share on the date of grant. 

(ii) in the case of any other Stock Option granted, including Nonstatutory Stock Options, the per share Exercise Price as determined by the
Committee 
 (iii) Notwithstanding the foregoing, Stock Options may be granted with a per share Exercise Price of less than one hundred
percent (100%) of the Fair Market Value per share on the date of grant pursuant to a transaction described in, and in a manner consistent with, Section 424(a) of the Code. 

(b) Option Term. The term of each Stock Option shall be fixed by the Committee provided, however, that no Stock Option shall be
exercisable more than ten (10) years after the date such Stock Option is granted. Absent any such term being fixed by the Committee, pursuant to an Option Agreement or otherwise, such term shall be ten (10) years; provided, however, that
the term of an Incentive Stock Option granted to a Ten Percent Shareholder shall not exceed five (5) years. 
 (c)
Exercisability. Except as otherwise provided herein, Stock Options shall be exercisable at such time or times and subject to such terms and conditions as shall be determined by the Committee If the Committee provides that any Stock Option is
exercisable only in installments, the Committee may at any time waive such installment exercise provisions, in whole or in part, based on such factors as the Committee may determine. In addition, the Committee may at any time accelerate the
exercisability of any Stock Option. 
 (d) Method of Exercise. Subject to the provisions of this Section 5, Stock Options
that have become exercisable in accordance with its terms may be exercised, in whole or in part, at any time during the option term by giving written notice of exercise to the Company specifying the number of Common Shares subject to the Stock
Option to be purchased. 
 Such notice shall be accompanied by payment in full of the Exercise Price per share by certified or bank check or
such other instrument or method of payment as the Committee may accept. Unless determined otherwise by the Committee at the time of grant and set forth in the Option Agreement, payment, in full or in part, may also be made in the form of a
promissory note to the extent permitted by Applicable Laws, or fully vested Common Shares (other than Restricted Shares) already owned by the Participant (for at least six months or such other period, as determined by the Committee, that is
necessary to avoid a charge, for accounting purposes, against the Company’s earnings as reported in the Company’s financial statements if acquired upon exercise of a Stock Option or received upon the lapse of restrictions on an Award of
Restricted Shares) of the same class as the Common Shares subject to the 

  
 10 

 
Stock Option (based on the Fair Market Value of the Common Shares on the date the Stock Option is exercised) or, if the Common Shares are traded on a national securities exchange, including The
Nasdaq Stock Market LLC, or quoted on a national quotation system sponsored by the National Association of Securities Dealers, and the Committee authorizes, to the extent permitted by law, through a procedure whereby the Participant delivers
irrevocable instructions to a broker reasonably acceptable to the Committee to deliver promptly to the Company an amount equal to the purchase price or through “net settlement” in Common Shares, or other cashless exercise program (whether
through a broker or otherwise) implemented by the Company in connection with the Plan, or such other consideration and method of payment for the issuance of Shares to the extent permitted by Applicable Laws or any combination of the methods of
payment set forth in this Section. 
 No Common Shares shall be issued until full payment therefor (including without limitation any
applicable tax withholding obligations) has been made. A Stock Option may not be exercised for a fraction of an Common Share. Common Shares issued upon exercise of a Stock Option will be issued in the name of the Participant or, if requested by the
Participant, in the name of the Participant and his or her spouse. Until the Common Shares are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or
receive dividends or any other rights as a shareholder will exist with respect to the Common Shares subject to a Stock Option, notwithstanding the exercise of the Stock Option. The Company will issue (or cause to be issued) such Common Shares
promptly after the Stock Option is exercised. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Common Shares are issued, except as provided in Section 3. 

(e) Nontransferability of Stock Options. No Stock Option shall be transferable by the Participant other than (i) by will or by the
laws of descent and distribution, or (ii) as otherwise expressly permitted under the applicable Option Agreement. All Stock Options granted to an individual shall be exercisable, subject to the terms of the Plan, during the Participant’s
lifetime, only by the Participant or any Person to whom such Stock Option is transferred pursuant to the preceding sentence, including such Participant’s guardian, legal representative and other transferee. The term “Participant”
includes the estate of the Participant or the Legal representative of the Participant named in the Option Agreement and any Person to whom an Option is otherwise transferred in accordance with this Section 5(e), by will or the laws of descent
and distribution; provided, however, that references herein to Employment of a Participant or termination of Employment of a Participant shall continue to refer to the Employment or termination of Employment of the applicable grantee of an Award
hereunder. 
 (f) Termination of Employment. 

(i) Termination for Any Reason (other than Cause). Except as otherwise determined by the Committee and expressly provided in the
applicable Option Agreement or applicable employment or consulting agreement, upon the termination of the Participant’s Employment for any reason (other than Cause), including death or Disability, (A) vesting ceases, (B) the term of
unvested stock options lapses and vested and unvested options will become unexercisable, and (C) such Participant shall have ninety (90) days to exercise the portion of the Participant’s Stock Option that is vested on the date of the
Participant’s termination of Employment. Notwithstanding anything contained herein to the contrary, the Participant shall not be permitted to exercise any Stock Option at a time beyond the initial option term. 

(ii) Termination for Cause. All outstanding and unexercised Stock Options, whether vested or unvested, as of the time the Participant
is notified that his or her Employment is terminated for Cause or at the time the Participant voluntarily terminates employment within ninety (90) days after the occurrence of an event that would be grounds for a termination for Cause, will be
cancelled immediately. 

  
 11 

 Section 6. Restricted Shares 

The Committee shall determine the Participants to whom and the time or times at which grants of Restricted Shares will be awarded, the number
of shares to be awarded to any Participant, the purchase price, the conditions for vesting, the time or times within which such Awards may be subject to cancellation, repurchase and restrictions on transfer and any other terms and conditions of the
Awards (including provisions (i) relating to placing legends on certificates representing Restricted Shares, (ii) permitting the Company to require that Restricted Shares be held in custody by the Company with a share transfer certificate
from the owner thereof until restrictions lapse and (iii) relating to any rights to repurchase Restricted Shares on the part of the Company). Each Participant receiving Restricted Shares shall be issued a share certificate in respect of such
Restricted Shares, unless the Committee elects to use another system, such as book entries by the transfer agent, as evidencing ownership of shares of Restricted Shares. Unless the Committee determines otherwise, the Company as escrow agent will
hold Restricted Shares until the restrictions on such Restricted Shares have lapsed. Unless otherwise specified in the Restricted Share Agreement, upon a Participant’s termination for any reason during the relevant restriction period, all
unvested Restricted Shares will be forfeited to the Company, without compensation. 
 Furthermore, in addition to the foregoing
restrictions, Restricted Shares held by an officer, employee director or consultant of the Company or one of its Affiliate may be subject to additional or greater restrictions and any restrictions set forth in the Limited Liability Company
Agreement. The terms and conditions of Restricted Share Awards shall be set forth in a Restricted Share Agreement, which shall include such terms and provisions as the Committee may determine from time to time, and which shall be duly executed and
delivered by the Company to the Participant and become effective upon execution and delivery by the Participant to the Company. Except as provided in this Section 6, the Restricted Share Agreement, and any other relevant agreements, the
Participant shall have, with respect to the Restricted Shares, all of the rights of a shareholder of the Company holding the class or series of Common Shares that is the subject of the Restricted Share Award, including, if applicable, the right to
vote the shares and, subject to the following sentence, the right to receive any cash dividends or distributions (but, subject to Section 3, not the right to receive non-cash dividends or distributions).
If so determined by the Committee in the applicable Restricted Share Agreement, cash dividends and distributions on the class or series of Common Shares that is the subject of the Restricted Share Award shall be automatically deferred and reinvested
in additional Restricted Shares, held subject to the vesting of the underlying Restricted Shares, or held subject to meeting conditions applicable only to dividends and distributions. 

Section 7. Other Share-Based Awards 

The Committee is authorized to grant to Participants Other Share-Based Awards that are payable in, valued in whole or in part by reference to,
or otherwise based on or related to Common Shares, including but not limited to, Common Shares awarded purely as a bonus and not subject to any restrictions or conditions, Common Shares in payment of the amounts due under an incentive or performance
plan sponsored or maintained by the Company or a Subsidiary, share appreciation rights (either separately or in tandem with Options), share equivalent units, and Awards valued by reference to book value of Common Shares. 

Subject to the provisions of the Plan, the Committee shall have authority to determine the persons to whom and the time or times at which such
Awards shall be made, the number of Common Shares to be awarded pursuant to or referenced by such Awards, and all other conditions of the Awards. Grants of Other Share-Based Awards may be subject to such conditions, restrictions and contingencies as
the Committee may determine which may include, but are not limited to, continuous service with the Company or an Affiliate and/or the achievement of Performance Goals. The criteria that may be used by the Committee in granting Other Share-Based
Awards contingent on Performance Goals shall consist of the attainment of one or more of the Performance Goals. The Committee may select one or more Performance Goals for measuring performance and the measuring may be stated in absolute terms or
relative to comparable companies. 

  
 12 

 Other Share-Based Awards made pursuant to this Section 7 are subject to the following
terms and conditions: 
 (a) Dividends. Unless otherwise determined by the Committee at the time of Award, subject to the provisions
of the Award Agreement and the Plan, the recipient of an Award under this Section 7 shall be entitled to receive, currently or on a deferred basis, dividends or dividend equivalents with respect to the number of Common Shares covered by the
Award, as determined at the time of the Award by the Committee, in its sole discretion. 
 (b) Vesting. Any Award under this
Section 7 and any Common Shares covered by any such Award shall vest or be forfeited to the extent so provided in the Award Agreement, as determined by the Committee, in its sole discretion. 

(c) Waiver of Limitation. In the event of the Participant’s Retirement, Disability or death, or in cases of special circumstances,
the Committee may, in its sole discretion, waive in whole or in part any or all of the limitations imposed hereunder (if any) with respect to any or all of an Award 

under this Article. 
 (d) Purchase Price.
Common Shares issued on a bonus basis under this Section 7 may be issued for no cash consideration; Common Shares purchased pursuant to a purchase right awarded under this Section 7 shall be priced as determined by the Committee. 

(e) Committee Certification. At the expiration of the Performance Period (if any), the Committee shall determine and certify in writing
the extent to which the Performance Goals (if any) have been achieved. 
 Section 8. Term, Amendment and Termination 

The Plan will be effective as of March 4, 2018, and expire on March 4, 2023, unless terminated earlier by the Board or the Committee
in accordance with this Section. Awards outstanding as of such date shall not be affected or impaired by the expiration of the Plan and shall be 
 subject
to the terms of the Plan. 
 The Board or the Committee may at any time amend, alter, suspend, or terminate the Plan, prospectively or
retroactively (as permitted by Applicable Law); provided, however, that, unless otherwise required by Applicable Law or specifically provided herein, no amendment, alteration, suspension or termination shall be made that is materially adverse to the
rights of a Participant under an Award theretofore granted without mutual agreement between the Participant and the Committee, which agreement must be in writing and signed by the Participant and the Company; provided, further, without the approval
of the shareholders of the Company in accordance with Applicable Law, to the extent required by the applicable provisions of Rule 16b-3 or the rules of any exchange or system on which the Common Shares are
listed or traded, or, with regard to Incentive Stock Options, Section 422 of the Code, no amendment may be made which would (i) increase the aggregate number of Common Shares that may be issued under the Plan or the maximum individual
Participant limitations under Section 3; (ii) change the classification of Participants eligible to receive Awards under the Plan; (iii) extend the maximum Stock Option period or (iv) require shareholder approval in order for the Plan
to continue to comply with the applicable provisions of Rule 16b-3, or, with regard to Incentive Stock Options, Section 422 of the Code. Termination of the Plan will not affect the Committee’s
ability to exercise the powers granted to it hereunder with respect to Awards granted under the Plan prior to the date of such termination. 

  
 13 

 The Committee may amend the terms of any Award theretofore granted, prospectively or
retroactively (to the extent permitted by Applicable Law), but no such amendment shall be made that is adverse to the rights of the Participant thereunder without the Participant’s consent. 

The Plan will be subject to approval by the shareholders of the Company within twelve (12) months after the date the Plan is adopted by
the Board. Such shareholder approval will be obtained in the manner and to the degree required under Applicable Laws. 
 Section 9. Unfunded Status
of Plan 
 It is presently intended that the Plan constitute an “unfunded” plan for incentive and deferred compensation. The
Committee may authorize the creation of trusts or other arrangements to meet the obligations created under the Plan to deliver Common Shares or make payments; provided, however, that unless the Committee otherwise determines, the
existence of such trusts or other arrangements is consistent with the “unfunded” status of the Plan. 
 Section 10. Forfeiture Events

 The Committee may specify in an Award Agreement that the Participant’s rights, payments, and benefits with respect to an Award
will be subject to the reduction, cancellation, forfeiture, or recoupment upon the occurrence of certain specified events, in addition to any otherwise applicable vesting or performance conditions of an Award. Notwithstanding any provisions to the
contrary under the Plan, an Award shall be subject to the Company’s clawback policy as may be established and/or amended from time to time (the “Clawback Policy”). The Committee may require a Participant to forfeit, return or
reimburse the Company all or a portion of the Award and any amounts paid thereunder pursuant to the terms of the Clawback Policy or as necessary or appropriate to comply with Applicable Laws. 

Section 11. General Provisions 
 (a)
Awards and Certificates. Shares of Restricted Shares and Common Shares issuable upon the exercise of a Stock Option or pursuant to Other Share-Based Awards (together, “Plan Shares”) shall be evidenced in such manner as the
Committee may deem appropriate, including book entry registration or issuance of one or more share certificates. Any certificate issued in respect of Plan Shares shall be registered in the name of such Participant and shall bear appropriate legends
referring to the terms, conditions, and restrictions applicable to such Award. Such Plan Shares may bear other legends to the extent the Committee or the Board determines it to be necessary or appropriate. If and when all restrictions expire without
a prior cancellation of the Plan Shares theretofore subject to such restrictions, upon surrender of legended certificates representing such shares new certificates for such shares shall be delivered to the Participant without the second legend
listed above. The date of grant of an Award will be, for all purposes, the date on which the Committee makes the determination granting such Award, or such other later date as is determined by the Committee. Notice of the determination will be
provided to each Participant within a reasonable time after the date of such grant. 
 (b) Representations and Warranties. The
Committee may require each Person purchasing or receiving Plan Shares to (i) represent to and agree with the Company in writing that such Person is acquiring the shares without a view to the distribution thereof and (ii) make any other
representations and warranties that the Committee deems appropriate. 

  
 14 

 (c) Additional Compensation. Nothing contained in the Plan shall prevent the Company
or any of its Affiliates from adopting other or additional compensation arrangements for its employees. 
 (d) No Right of
Employment. Adoption of the Plan or grant of any Award shall not confer upon any employee or any other individual any right to continued Employment, nor shall it interfere in any way with the right of the Company or any of its Affiliates to
terminate the Employment of any eligible Participant at any time, with or without cause, to the extent permitted by Applicable Laws. 
 (e)
Withholding Taxes. No later than the date as of which an amount first becomes includible in the gross income of a Participant for income tax purposes or subject to Federal Insurance Contributions Act withholdings with respect to any Award,
including, without limitation, upon exercise of any Stock Option, under the Plan, such Participant shall pay to the Company or, if appropriate, one of its Affiliates, or make arrangements satisfactory to the Committee regarding the payment of, any
United States federal, state or local or non-U.S. taxes of any kind required by Applicable Law to be withheld with respect to such amount. If approved by the Committee, minimum required statutory withholding
obligations, or such greater amount of withholding as the Committee may determine may be settled with Common Shares (provided the delivery of such Common Shares will not result in any adverse accounting consequences, as the Committee determines in
its sole discretion), including Common Shares that are part of the Award that gives rise to the withholding requirement. The obligations of the Company under the Plan shall be conditional on such payment or arrangements, and the Company and its
Affiliates shall, to the extent permitted by law, have the right to deduct any such taxes from any payment otherwise due to the Participant. The Committee may establish such procedures as it deems appropriate, including making irrevocable elections,
for the settlement of withholding obligations with Common Shares, having the Participant deliver to the Company already-owned Common Shares having a fair market value equal to the minimum statutory amount required to be withheld or such greater
amount as the Committee may determine provided the delivery of such Common Shares will not result in any adverse accounting consequences, as the Committee determines in its sole discretion, or selling a sufficient number of Common Shares otherwise
deliverable to the Participant through such means as the Committee may determine in its sole discretion (whether through a broker or otherwise) equal to the amount required to be withheld, or any combination of the payment methods described in this
Section 11(e). The fair market value of the Common Shares to be withheld or delivered will be determined as of the date that the taxes are required to be withheld. 

(f) Beneficiaries. The Committee shall establish such procedures as it deems appropriate for a Participant to designate a beneficiary
to whom any amounts payable in the event of the Participant’s death are to be paid or by whom any rights of the Participant, after the Participant’s death, may be exercised. 

(g) Governing Law. The Plan and all Awards made and actions taken thereunder shall be governed by and construed and enforced in
accordance with the laws of the State of Delaware without regard to the principles of conflicts of law thereof. 
 (h) Compliance with
Laws. Shares will not be issued pursuant to the exercise of an Award unless the exercise of such Award and the issuance and delivery of such Shares will comply with Applicable Laws and will be further subject to the approval of counsel for the
Company with respect to such compliance. The inability of the Company to obtain authority from any regulatory body having jurisdiction or to complete or comply with the requirements of any registration or other qualification of the Common Shares
under any state, federal or foreign law or under the rules and regulations of the U.S. Securities and Exchange Commission, the stock exchange on which Common Shares of the same class are then listed, or any other governmental or regulatory body,
which authority, registration, qualification or rule compliance is deemed by the Company’s counsel to be necessary or advisable for the issuance and sale of any Common Shares hereunder, will relieve the Company of any liability in respect of
the failure to issue or sell such Common Shares as to which such requisite authority, registration, qualification or rule compliance will not have been obtained. 

  
 15 

 (i) Nontransferability. Unless determined otherwise by the Committee or as otherwise
set forth in the Plan, an Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Participant,
only by the Participant. If the Committee makes an Award transferable, such Award will contain such additional terms and conditions as the Committee deems appropriate. 

(j) Fractional Shares. No fractional shares shall be issued under the Plan and no cash settlements shall be made with respect to
fractional shares eliminated by rounding. 
 (k) Shareholders’ Agreement and Other Requirements. Notwithstanding anything herein
to the contrary, as a condition to the receipt of Plan Shares, to the extent required by the Committee, the Participant shall execute and deliver a shareholders’ agreement or such other documentation which shall set forth certain restrictions
on transferability of the Plan Shares, a right of first refusal of the Company with respect to Plan Shares, the right of the Company to purchase Plan Shares and such other terms as the Board or Committee shall from time to time establish. Such
shareholders’ agreement shall apply to all Plan Shares acquired under the Plan. The Company may require, as a condition of grant or exercise of any Award, the Participant to become a party to any other existing shareholders’ agreement. As
a condition to the exercise of an Award, the Company may require the person exercising such Award to represent and warrant at the time of any such exercise that the Shares are being purchased only for investment and without any present intention to
sell or distribute such Common Shares if, in the opinion of counsel for the Company, such a representation is required. 
 (l) Sections
409A and 457A. Notwithstanding other provisions of the Plan or any Award Agreements thereunder, no Award shall be granted, deferred, accelerated, extended, paid out or modified under the Plan in a manner that would result in the imposition of an
additional tax under Sections 409A or 457A upon a Participant. Awards will be designed and operated in such a manner that they are either exempt from the application of, or comply with, the requirements of Section 409A and Section 457A
such that the grant, payment, settlement or deferral will not be subject to the additional tax or interest applicable under Section 409A or Section 457A, except as otherwise determined in the sole discretion of the Committee. The Plan and
each Award agreement under the Plan is intended to meet the requirements of Section 409A and Section 457A and will be construed and interpreted in accordance with such intent, including with respect to any ambiguities or ambiguous terms,
except as otherwise determined in the sole discretion of the Committee. In the event that it is reasonably determined by the Committee that, as a result of Section 409A or Section 457A, payments or deliveries of shares in respect of any
Award under the Plan may not be made at the time contemplated by the terms of the Plan or the relevant Award Agreement, as the case may be, without causing the Participant holding such Award to be subject to taxation under Section 409A or
Section 457A, the Company will make such payment or delivery of shares on the first day that would not result in the Participant incurring any tax liability under Section 409A or Section 457A. In the case of a Participant who is a
“specified employee” (within the meaning of Section 409A(a)(2)(B)(i) of the Code), payments and/or deliveries of shares in respect of any Award subject to Section 409A of the Code that are linked to the date of the
Participant’s separation from service shall not be made prior to the date which is six (6) months after the date of such Participant’s separation from service from the Company and its affiliates, determined in accordance with
Section 409A. The Company shall use commercially reasonable efforts to implement the provisions of this Section 11(l) in good faith; provided that neither the Company, the Committee nor any of the Company’s employees, directors or
representatives shall have any liability to Participants with respect to this Section 11(l). In no event will the Company or any Affiliates have any liability or obligation to reimburse, indemnify, or hold harmless any Participant for any
taxes, interest, or penalties imposed, or other costs incurred, as a result of Section 409A or Section 457A. 

  
 16Exhibit 10.1

 

SHARE PURCHASE AGREEMENT

 

This Share Purchase
Agreement (this “Agreement”) is made and entered into as of August 28, 2020 by and between Vision Loyal
Limited (the “Purchaser”), a Hong Kong company, HC High Summit Limited, a Hong Kong company (the “Subsidiary”),
HC High Summit Holding Limited, a British Virgin Islands exempt company (the “Seller”) and TD Holdings,
Inc. (the “Company”), a Delaware corporation. The Purchaser, the Subsidiary, the Seller and the
Company are sometimes referred to herein individually as a “Party” and, collectively, as the “Parties.”

 

RECITALS: 

 

WHEREAS, the
Company owns 100% of the issued and outstanding shares of the Seller, and the Seller owns 100% of the issued and outstanding shares
of the Subsidiary;

 

WHEREAS, the
Subsidiary owns 100% of the issued and outstanding shares of Hao Limo Technology (Beijing) Co. Ltd., a People’s Republic
of China (“PRC”) company (“Hao Limo”);

 

WHEREAS, Hao
Limo controls Beijing Tianxing Kunlun Technology Co., Ltd, a PRC company (“Beijing Tianxing”), through
a series of contractual arrangements, as a result of which, the assets and liabilities of Beijing Tianxing are treated as assets
and liabilities of Hao Limo;

 

WHEREAS, Beijing
Tianxing owns 60% of the issued and outstanding shares of Beijing Blue Light Super Car Technology Co., Ltd., a PRC company (“Beijing
Light Super Car”), 20% of the issued and outstanding shares of Hangzhou Yihe Network Technology Co., Ltd., a PRC
company (“Hangzhou Yihe”), and 100% of the issued and outstanding shares of six (6) PRC companies, including
Beijing Tianrenshijia Apparel Co., Ltd., Beijing Blue Light Marching Technology Co., Ltd., Beijing Eighty Weili Technology Co.,
Ltd., Beijing Bat Riding Technology Co., Ltd., Beijing Blue Light Riding Technology Co., Ltd., and Car Master (Beijing) Information
Consulting Co., Ltd.;

 

WHEREAS, the
Seller desires to sell and transfer to the Purchaser, and the Purchaser desire to purchase from the Seller, all of the Purchased
Shares (as hereinafter defined) in exchange for nominal consideration of US$1.00 (the “Purchase Price”)
consisting of immediately available cash, subject to the terms and conditions set forth herein (the “Transaction”);

  

    1

     

    

 

NOW, THEREFORE,
in consideration of the premises set forth above, which are incorporated in this Agreement as if fully set forth below, and the
representations, warranties, covenants and agreements contained in this Agreement, and intending to be legally bound hereby, the
Parties hereto agree as follows:

 

ARTICLE
I

THE SHARE PURCHASE

 

1.1 Purchase
and Sale of Shares. At the Closing (as hereinafter defined) and subject to and upon the terms and conditions of this Agreement,
the Seller shall sell, transfer, convey, assign and deliver to the Purchaser, and the Purchaser shall purchase, acquire and accept
from the Seller, all of the issued and outstanding shares of the Subsidiary (collectively, the “Purchased Shares”),
free and clear of all Liens (other than potential restrictions on resale under applicable securities Laws).

  

1.2 Consideration.
At the Closing and subject to and upon the terms and conditions of this Agreement, the Purchaser shall deliver to the Seller the
Purchase Price with immediately available cash in US Dollars, Hong Kong Dollars or RMB via wire transfer to bank account designated
by Seller. 

 

1.3 Seller’s
Consent. The Company, as the sole shareholder of the Seller, and the Seller, as the sole shareholder of the Subsidiary, each
hereby approve, authorize and consent to the execution and delivery of this Agreement and the Ancillary Documents, the performance
by the Subsidiary of its obligations hereunder and thereunder and the consummation by the Subsidiary of the transactions contemplated
hereby and thereby. Seller acknowledges and agrees that the consent set forth herein is intended and shall constitute such consent
of the Seller as may be required (and shall, if applicable, operate as a written shareholder resolution of the Subsidiary) pursuant
to the Subsidiary’s Charters, any other agreement in respect of the Subsidiary to which the Seller is a party and all applicable
Laws.

 

ARTICLE
II

CLOSING

 

2.1 Closing.
Subject to the satisfaction or waiver of the conditions set forth in Article III, the consummation of the transactions
contemplated by this Agreement (the “Closing”) shall take place at the offices of Hunter Taubman Fischer
& Li LLC, 800 Third Avenue, Suite 2800, New York, NY 10023, on the first (1st) Business Day after all the closing
conditions to this Agreement have been satisfied or waived at 10:00 a.m. local time, or at such other date, time or place as the
Purchaser and the Company may agree (the date and time at which the Closing is actually held being the “Closing Date”).

 

    2

     

    

 

ARTICLE
III

CLOSING CONDITIONS

 

3.1 Conditions
to Each Party’s Obligations. The obligations of each Party to consummate the transactions described herein shall be subject
to the satisfaction or written waiver (where permissible) by the Seller and the Purchaser of the following conditions:

 

(a) Requisite
Regulatory Approvals. All Consents required to be obtained from or made with any Governmental Authority in order to consummate
the transactions contemplated by this Agreement shall have been obtained or made.

 

(b) No
Law. No Governmental Authority shall have enacted, issued, promulgated, enforced or entered any Law (whether temporary, preliminary
or permanent) or Order that is then in effect and which has the effect of making the transactions or agreements contemplated by
this Agreement illegal or which otherwise prevents or prohibits consummation of the transactions contemplated by this Agreement.

 

(c) No
Litigation. There shall not be any pending Action brought by a third-party non-Affiliate to enjoin or otherwise restrict the
consummation of the Closing.

 

3.2 Conditions
to Obligations of the Seller. In addition to the conditions specified in Section 3.1, the obligations of the Seller
to consummate the transactions contemplated by this Agreement are subject to the satisfaction or written waiver (by the Seller)
of the following conditions:

 

(a) Payment
of Purchase Price. At the Closing, the Purchaser shall deliver to Seller the Purchase Price by wire transfer or by check to
the Seller in RMB, HK dollars or USD to a bank account designed by Seller.

 

(b) Valuation
Report. The Company’s board of directors shall have received a valuation report from Beijing North Asia Asset Assessment
Firm (or such other appraisal firm as approved by the Company’s board of directors).

 

3.3 Conditions
to Obligations of the Purchaser. In addition to the conditions specified in Section 3.1, the obligations of the
Purchaser to consummate the transactions contemplated by this Agreement are subject to the satisfaction or written waiver (by the
Purchaser) of the following conditions:

 

(a) Share
Certificates and Transfer Instruments. The Purchaser shall have received from Seller certificates representing the Purchased
Shares (or duly executed affidavits of lost stock certificates in form and substance reasonably acceptable to the Purchaser), together
with executed instruments of transfer in respect of the Purchased Shares in favor of the Purchaser (or its nominee) and in form
reasonably acceptable for transfer on the books of the Subsidiary.

 

    3

     

    

 

(b) Change of
Directors. The Purchaser shall have received from the Seller all the necessary documents to effectuate change of directors
of the Subsidiary to individuals designated by the Purchaser.

 

(c) Transfer of Bank
of Account. The Subsidiary shall have delivered all the documents, seals, chops and other instruments necessary to change signatories
to all the bank accounts owned by and/or controlled by the Subsidiary to individuals designated by the Purchaser.

 

3.4 Frustration
of Conditions. Notwithstanding anything contained herein to the contrary, no Party may rely on the failure of any condition
set forth in this Article III to be satisfied if such failure was caused by such the failure of such Party or
its Affiliates to comply with or perform any of its covenants or obligations set forth in this Agreement.

 

ARTICLE
IV

PURCHASER’S REPRESENTATIONS AND WARRANTIES

 

The Purchaser hereby
represents and warrants to the Seller as follows:

  

4.1 Authorization;
Binding Agreement. The Purchaser has all requisite authority to execute and deliver this Agreement, to perform its obligations
hereunder and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation
of the transactions contemplated hereby (a) have been duly and validly authorized and (b) no other corporate proceedings,
other than as set forth elsewhere in the Agreement, are necessary to authorize the execution and delivery of this Agreement or
to consummate the transactions contemplated hereby. This Agreement has been, and shall be when delivered, duly and validly executed
and delivered by the Purchaser, assuming the due authorization, execution and delivery of this Agreement by the other parties hereto,
and constitutes, or when delivered shall constitute, the valid and binding obligation of the Purchaser, enforceable against the
Purchaser in accordance with its terms, except to the extent that enforceability thereof may be limited by applicable bankruptcy,
insolvency, reorganization and moratorium laws and other laws of general application affecting the enforcement of creditors’
rights generally or by any applicable statute of limitation or by any valid defense of set-off or counterclaim, and the fact that
equitable remedies or relief (including the remedy of specific performance) are subject to the discretion of the court from which
such relief may be sought (collectively, the “Enforceability Exceptions”).

 

    4

     

    

 

4.2 Governmental
Approvals. No Consent of or with any Governmental Authority, on the part of the Purchaser is required to be obtained or made
in connection with the execution, delivery or performance of this Agreement or the consummation of the transactions contemplated
hereby, other than (a) such filings as may be required in any jurisdiction in which such Party is qualified or authorized to do
business as a foreign corporation in order to maintain such qualification or authorization, (b) such filings as contemplated by
this Agreement, (c) any filings required by NASDAQ with respect to the transactions contemplated by this Agreement, or (d) applicable
requirements, if any, of the Securities Act of 1933, as amended (the “Securities Act”), the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), and/ or any state “blue sky” securities
laws, and the rules and regulations thereunder.

 

4.3 Non-Contravention.
The execution and delivery by the Purchaser of this Agreement and the consummation of the transactions contemplated hereby, and
compliance with any of the provisions hereof, will not (a) conflict with or violate any provision of the Organizational Documents
of such Party (if any), (b) conflict with or violate any Law, Order or Consent applicable to such Party or any of its properties
or assets, or (c) (i) violate, conflict with or result in a breach of, (ii) constitute a default (or an event which, with notice
or lapse of time or both, would constitute a default) under, (iii) result in the termination, withdrawal, suspension, cancellation
or modification of, (iv) accelerate the performance required by such Party under, (v) result in a right of termination or acceleration
under, (vi) give rise to any obligation to make payments or provide compensation under, (vii) result in the creation of any Lien
upon any of the properties or assets of such Party under, (viii) give rise to any obligation to obtain any third party consent
or provide any notice to any Person or (ix) give any Person the right to declare a default, exercise any remedy, claim a rebate,
chargeback, penalty or change in delivery schedule, accelerate the maturity or performance, cancel, terminate or modify any right,
benefit, obligation or other term under, any of the terms, conditions or provisions of, any material contract of such Party.

 

ARTICLE
V

SUBSIDIARY’S
REPRESENTATIONS AND WARRANTIES

 

The Subsidiary hereby
represents and warrants to the Purchaser as follows:

 

5.1 Due
Organization and Good Standing. The Subsidiary is a business company duly incorporated, validly existing and in good standing
under its respective jurisdiction.

 

    5

     

    

 

5.2 Authorization;
Binding Agreement. The Subsidiary has all requisite corporate power and authority to execute and deliver this Agreement, to
perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement
and the consummation of the transactions contemplated hereby (a) have been duly and validly authorized and (b) no other corporate
proceedings, other than as set forth elsewhere in the Agreement, are necessary to authorize the execution and delivery of this
Agreement or to consummate the transactions contemplated hereby. This Agreement has been, and shall be when delivered, duly and
validly executed and delivered by the Subsidiary, assuming the due authorization, execution and delivery of this Agreement by the
other parties hereto, and constitutes, or when delivered shall constitute, the valid and binding obligation of the Subsidiary,
enforceable against the Subsidiary in accordance with its terms, except to the extent that enforceability thereof may be limited
by the Enforceability Exceptions.

 

5.3 Non-Contravention.
The execution and delivery by the Subsidiary of this Agreement and the consummation of the transactions contemplated hereby, and
compliance with any of the provisions hereof, will not (a) conflict with or violate any provision of the Organizational Documents
of the Subsidiary (if any), (b) conflict with or violate any Law, Order or Consent applicable to the Subsidiary or any of
its properties or assets, or (c) (i) violate, conflict with or result in a breach of, (ii) constitute a default (or an event which,
with notice or lapse of time or both, would constitute a default) under, (iii) result in the termination, withdrawal, suspension,
cancellation or modification of, (iv) accelerate the performance required by the Seller under, (v) result in a right of termination
or acceleration under, (vi) give rise to any obligation to make payments or provide compensation under, (vii) result in the creation
of any Lien upon any of the properties or assets of the Subsidiary, (viii) give rise to any obligation to obtain any third party
consent or provide any notice to any Person or (ix) give any Person the right to declare a default, exercise any remedy, claim
a rebate, chargeback, penalty or change in delivery schedule, accelerate the maturity or performance, cancel, terminate or modify
any right, benefit, obligation or other term under, any of the terms, conditions or provisions of, any material contract of the
Subsidiary.

 

ARTICLE
VI

SELLER’S
REPRESENTATIONS AND WARRANTIES

 

The Seller hereby represents
and warrants to the Purchaser as follows:

 

6.1 Due
Organization and Good Standing. The Seller is a business company duly incorporated, validly existing and in good standing under
its respective jurisdiction.

 

    6

     

    

 

6.2 Authorization;
Binding Agreement. The Seller has all requisite corporate power and authority to execute and deliver this Agreement, to perform
its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement
and the consummation of the transactions contemplated hereby (a) have been duly and validly authorized and (b) no other corporate
proceedings, other than as set forth elsewhere in the Agreement, are necessary to authorize the execution and delivery of this
Agreement or to consummate the transactions contemplated hereby. This Agreement has been, and shall be when delivered, duly and
validly executed and delivered by the Seller, assuming the due authorization, execution and delivery of this Agreement by the other
parties hereto, and constitutes, or when delivered shall constitute, the valid and binding obligation of the Seller, enforceable
against the Seller in accordance with its terms, except to the extent that enforceability thereof may be limited by the Enforceability
Exceptions.

 

6.3 Governmental
Approvals. No Consent of or with any Governmental Authority, on the part of the Seller are required to be obtained or made
in connection with the execution, delivery or performance of this Agreement or the consummation of the transactions contemplated
hereby and thereby, other than (a) such filings as may be required in any jurisdiction in which the Seller is qualified or authorized
to do business as a foreign corporation in order to maintain such qualification or authorization, (b) such filings to be made by
the Company as contemplated by this Agreement, (c) any filings to be made by the Company required by NASDAQ with respect to the
transactions contemplated by this Agreement, or (d) applicable requirements, if any, of the Securities Act, the Exchange Act and/
or any state “blue sky” securities laws, and the rules and regulations thereunder.

 

 

ARTICLE
VII

TERMINATION AND EXPENSES

 

7.1 Termination.
This Agreement may be terminated and the transactions contemplated hereby may be abandoned at any time prior to the Closing as
follows:

 

(a) by
mutual written consent of the Purchaser and the Seller; or

 

(b) by
written notice by either the Purchaser or the Seller if a Governmental Authority of competent jurisdiction shall have issued an
Order or taken any other action permanently restraining, enjoining or otherwise prohibiting the transactions contemplated by this
Agreement, and such Order or other action has become final and non-appealable; provided, however, that
the right to terminate this Agreement pursuant to this Section 7.1(b) shall not be available to a Party if the
failure by such Party or its Affiliates to comply with any provision of this Agreement has been a substantial cause of, or substantially
resulted in, such action by such Governmental Authority.

 

    7

     

    

 

7.2 Effect
of Termination. This Agreement may only be terminated in the circumstances described in Section 7.1 and pursuant
to a written notice delivered by the applicable Party to the other applicable Parties, which sets forth the basis for such termination,
including the provision of Section 7.1 under which such termination is made. In the event of the valid termination
of this Agreement pursuant to Section 7.1, this Agreement shall forthwith become void, and there shall be no Liability
on the part of any Party or any of their respective Representatives, and all rights and obligations of each Party shall cease,
and nothing herein shall relieve any Party from Liability for any willful breach of any representation, warranty, covenant or obligation
under this Agreement or any Fraud Claim against such Party, in either case, prior to termination of this Agreement. Without limiting
the foregoing, and except as provided in this Article VII, the Parties’ sole right prior to the Closing with
respect to any breach of any representation, warranty, covenant or other agreement contained in this Agreement by another Party
or with respect to the transactions contemplated by this Agreement shall be the right, if applicable, to terminate this Agreement
pursuant to Section 7.1.

 

7.3 Fees
and Expenses. All Expenses incurred in connection with this Agreement and the transactions contemplated hereby shall be paid
by the Party incurring such expenses. As used in this Agreement, “Expenses” shall include all out-of-pocket
expenses (including all fees and expenses of counsel, accountants, investment bankers, financial advisors, financing sources, experts
and consultants to a Party hereto or any of its Affiliates) incurred by a Party or on its behalf in connection with or related
to the authorization, preparation, negotiation, execution or performance of this Agreement or any Ancillary Document related hereto
and all other matters related to the consummation of this Agreement.

 

ARTICLE
VIII

RELEASES

 

8.1 Release
and Covenant Not to Sue. Effective as of the Closing, to the fullest extent permitted by applicable Law, the Purchaser, on
behalf of itself and its Affiliates, respectively (the “Releasing Persons”), will release and discharge
the Seller from and against any and all Actions, obligations, agreements, debts and Liabilities whatsoever, whether known or unknown,
both at law and in equity, which such Releasing Person now has, has ever had or may hereafter have against the Seller arising on
or prior to the Closing Date or on account of or arising out of any matter occurring on or prior to the Closing Date, including
any rights to indemnification or reimbursement from Seller, whether pursuant to its Organizational Documents, Contract or otherwise,
and whether or not relating to claims pending on, or asserted after, the Closing Date. From and after the Closing, each Releasing
Person hereby irrevocably covenants to refrain from, directly or indirectly, asserting any Action, or commencing or causing to
be commenced, any Action of any kind against the Seller or its Affiliates, based upon any matter purported to be released hereby.
Notwithstanding anything herein to the contrary, the releases and restrictions set forth herein shall not apply to any claims a
Releasing Person may have against any party pursuant to the terms and conditions of this Agreement or any Ancillary Document.

 

    8

     

    

 

ARTICLE
IX

SURVIVAL AND INDEMNIFICATION

 

9.1 Survival.
All representations and warranties of the Purchaser contained in this Agreement (including all schedules and exhibits hereto and
all certificates, documents, instruments and undertakings furnished pursuant to this Agreement) shall survive the Closing through
and until the second (2nd) anniversary of the Closing Date; provided, however, that the representations and warranties
contained in Section 4.1 (Authorization; Binding Agreement) shall survive indefinitely. Additionally, Fraud Claims against
the Purchaser shall survive indefinitely. If written notice of a claim for breach of any representation or warranty has been given
before the applicable date when such representation or warranty no longer survives in accordance with this Section 9.1,
then the relevant representations and warranties shall survive as to such claim, until the claim has been finally resolved. All
covenants, obligations and agreements of the Purchaser contained in this Agreement (including all schedules and exhibits hereto
and all certificates, documents, instruments and undertakings furnished pursuant to this Agreement), including any indemnification
obligations, shall survive the Closing and continue until fully performed in accordance with their terms. For the avoidance of
doubt, a claim for indemnification under any subsection of Section 9.2 other than clauses (i) or (ii) thereof may be made
at any time.

 

9.2 Indemnification
by the Purchaser. Subject to the terms and conditions of this Article IX, from and after the Closing, the Purchaser
and its respective successors and assigns (with respect to any claim made under this Section 9.2, the “Indemnifying
Parties”) will jointly and severally indemnify, defend and hold harmless the Seller and its Affiliates and their
respective officers, directors, managers, employees, successors and permitted assigns (with respect to any claim made under this
Section 9.2, the “Indemnified Parties”) from and against any and all losses, Actions, Orders,
Liabilities, damages (including consequential damages), diminution in value, Taxes, interest, penalties, Liens, amounts paid in
settlement, costs and expenses (including reasonable expenses of investigation and court costs and reasonable attorneys’
fees and expenses), (any of the foregoing, a “Loss”) paid, suffered or incurred by, or imposed upon,
any Indemnified Party to the extent arising in whole or in part out of or resulting directly or indirectly from (whether or not
involving a Third Party Claim): (i) the breach of any representation or warranty made by the Purchaser set forth in this Agreement
or in any certificate delivered by the Purchaser pursuant to this Agreement; (ii) the breach of any covenant or agreement on the
part of the Purchaser set forth in this Agreement or in any certificate delivered by the Purchaser pursuant to this Agreement;
(iii) any Action by Person(s) who were holders of equity securities of the Seller, including options, warrants, convertible debt
or other convertible securities or other rights to acquire equity securities of the Seller, prior to the Closing arising out of
the sale, purchase, termination, cancellation, expiration, redemption or conversion of any such securities; or (iv) any Fraud Claims.

 

    9

     

    

 

9.3 Limitations
and General Indemnification Provisions.

 

(a) Solely
for purposes of determining the amount of Losses under this Article IX (and, for the avoidance of doubt, not for
purposes of determining whether there has been a breach giving rise to the indemnification claim), all of the representations,
warranties and covenants set forth in this Agreement (including the disclosure schedules hereto) or any Ancillary Document that
are qualified by materiality or words of similar import or effect will be deemed to have been made without any such qualification.

 

(b) No
investigation or knowledge by an Indemnified Party its Representatives of a breach of a representation, warranty, covenant or agreement
of an Indemnifying Party shall affect the representations, warranties, covenants and agreements of the Indemnifying Party or the
recourse available to the Indemnified Parties under any provision of this Agreement, including this Article IX, with
respect thereto.

 

(c) The
amount of any Losses suffered or incurred by any Indemnified Party shall be reduced by the amount of any insurance proceeds paid
to the Indemnified Party or any Affiliate thereof as a reimbursement with respect to such Losses (and no right of subrogation shall
accrue to any insurer hereunder, except to the extent that such waiver of subrogation would prejudice any applicable insurance
coverage), net of the costs of collection and the increases in insurance premiums resulting from such Loss or insurance payment.

 

9.4 Indemnification
Procedures.

 

(a) In
order to make a claim for indemnification hereunder, the Seller must provide written notice (a “Claim Notice”)
of such claim to the Indemnifying Parties, which Claim Notice shall include (i) a reasonable description of the facts and circumstances
which relate to the subject matter of such indemnification claim to the extent then known and (ii) the amount of Losses suffered
by the Indemnified Party in connection with the claim to the extent known or reasonably estimable (provided, that the Seller may
thereafter in good faith adjust the amount of Losses with respect to the claim by providing a revised Claim Notice to Indemnifying
Parties).

 

    10

     

    

 

(c) In
the case of any claim for indemnification under this Article IX arising from a claim of a third party (including
any Governmental Authority) (a “Third Party Claim”), the Seller must give a Claim Notice with respect
to such Third Party Claim to the Indemnifying Parties promptly (but in no event later than thirty (30) days) after the Indemnified
Party’s receipt of notice of such Third Party Claim; provided, that the failure to give such notice will not
relieve the Indemnifying Party of its indemnification obligations except to the extent that the defense of such Third Party Claim
is materially and irrevocably prejudiced by the failure to give such notice. The Indemnifying Parties will have the right to defend
and to direct the defense against any such Third Party Claim, at its expense and with counsel selected by Indemnifying Parties,
unless (i) the Indemnifying Parties fails to acknowledge fully to the Seller the obligations of the Indemnifying Parties to such
Indemnified Party within twenty (20) days after receiving notice of such Third Party Claim or contests, in whole or in part, its
indemnification obligations therefor or (ii) at any time while such Third Party Claim is pending, (A) there is a conflict of interest
between the Indemnifying Parties and the Seller in the conduct of such defense, (B) the applicable third party alleges a Fraud
Claim or (C) such claim is criminal in nature, could reasonably be expected to lead to criminal proceedings, or seeks an injunction
or other equitable relief against the Indemnified Parties. If the Indemnifying Parties elects, and is entitled, to compromise or
defend such Third Party Claim, it will within twenty (20) days (or sooner, if the nature of the Third Party Claim so requires)
notify the Seller of its intent to do so, and Indemnifying Parties and the Indemnified Party will, at the request and expense of
Indemnifying Parties, cooperate in the defense of such Third Party Claim. If Indemnifying Parties elects not to, or at any time
is not entitled under this Section 9.4 to, compromise or defend such Third Party Claim, fails to notify the Seller
of its election as herein provided or refuses to acknowledge or contests its obligation to indemnify under this Agreement, the
Seller may pay, compromise or defend such Third Party Claim. Notwithstanding anything to the contrary contained herein, the Indemnifying
Parties will have no indemnification obligations with respect to any such Third Party Claim which is settled by the Indemnified
Party or the Seller without the prior written consent of Indemnifying Parties (which consent will not be unreasonably withheld,
delayed or conditioned); provided, however, that notwithstanding the foregoing, the Indemnified Party will
not be required to refrain from paying any Third Party Claim which has matured by a final, non-appealable Order, nor will it be
required to refrain from paying any Third Party Claim where the delay in paying such claim would result in the foreclosure of a
Lien upon any of the property or assets then held by the Indemnified Party or where any delay in payment would cause the Indemnified
Party material economic loss. The Indemnifying Parties’ right to direct the defense will include the right to compromise
or enter into an agreement settling any Third Party Claim; provided, that no such compromise or settlement will obligate
the Indemnified Party to agree to any settlement that requires the taking or restriction of any action (including the payment of
money and competition restrictions) by the Indemnified Party other than the execution of a release for such Third Party Claim and/or
agreeing to be subject to customary confidentiality obligations in connection therewith, except with the prior written consent
of the Seller (such consent to be withheld, conditioned or delayed only for a good faith reason). Notwithstanding the Indemnifying
Parties’ right to compromise or settle in accordance with the immediately preceding sentence, Indemnifying Parties may not
settle or compromise any Third Party Claim over the objection of the Seller; provided, however, that consent by the Seller to settlement
or compromise will not be unreasonably withheld, delayed or conditioned. The Seller will have the right to participate in the defense
of any Third Party Claim with counsel selected by it subject to the Indemnifying Parties’ right to direct the defense.

 

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(d) With
respect to any direct indemnification claim that is not a Third Party Claim, the Indemnifying Parties will have a period of thirty
(30) days after receipt of the Claim Notice to respond thereto. If Indemnifying Parties does not respond within such thirty (30)
days, Indemnifying Parties on behalf of Indemnifying Parties will be deemed to have accepted responsibility for the Losses set
forth in such Claim Notice subject to the limitations on indemnification set forth in this Article IX and will
have no further right to contest the validity of such Claim Notice. If Indemnifying Parties responds within such thirty (30) days
after the receipt of the Claim Notice and rejects such claim in whole or in part, the Seller will be free to pursue such remedies
as may be available under this Agreement, any Ancillary Documents or applicable Law.

 

9.5 Exclusive
Remedy. From and after the Closing, except with respect to Fraud Claims related to the negotiation or execution of this Agreement
or claims seeking injunctions or specific strict performance, indemnification pursuant to this Article IX shall
be the sole and exclusive remedy for the Parties with respect to matters arising under this Agreement of any kind or nature, including
for any misrepresentation or breach of any warranty, covenant, or other provision contained in this Agreement or in any certificate
or instrument delivered pursuant to this Agreement or otherwise relating to the subject matter of this Agreement, including the
negotiation and discussion thereof.

 

 

ARTICLE
X

MISCELLANEOUS

 

10.1 Notices.
All notices, consents, waivers and other communications hereunder shall be in writing and shall be deemed to have been duly given
when delivered (i) in person, (ii) by facsimile or other electronic means, with affirmative confirmation of receipt, (iii) one
Business Day after being sent, if sent by reputable, nationally recognized overnight courier service or (iv) three (3) Business
Days after being mailed, if sent by registered or certified mail, pre-paid and return receipt requested, in each case to the applicable
Party at the following addresses (or at such other address for a Party as shall be specified by like notice):

 

	If to the Company:	TD Holdings, Inc.
	 	Address: 
	 	25th Floor, Block C, Tairan Building
	 	No. 31 Tairan 8th Road, Futian District
	 	Shenzhen, Guangdong, People’s Republic of China
	 	Attn: Renmei Ouyang, 
	 	Chief Executive Officer    

 

	With a copy to:	Hunter Taubman Fischer & Li LLC
	 	800 Third Avenue, Suite 2800
	 	New York, New York 10023
	 	Attn: Joan Wu, Esq.
	 	 
	If to the Seller:	HC High Summit Holding Limited
	 	Address:
	 	Address:160 Greentree Drive, Suite 101,
	 	Dover DE 19904, County of Kent, United States
	 	Attn: Renmei Ouyang
	 	 
	If to the Subsidiary:	HC High Summit Limited
	 	Room 1907, 19/F, Lee Garden One,
	 	33 Hysan Avenue, Causeway Bay, Hong Kong
	 	Attn: Long Yi
	 	 
	If to the Purchaser:	Vision Loyal Limited
	 	Address:
	 	Unit A&B, 14/F., Blk4 Golden Dragon Industrial
	 	Centre, 182-190 Tai Lin Pai Rd., Kwai Chung, NT,
	 	Hong Kong
	 	Attn: Cathy Pan

 

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10.2 Binding
Effect; Assignment. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the Parties
hereto and their respective successors and permitted assigns. This Agreement shall not be assigned by operation of Law or otherwise
without the prior written consent of the Purchaser and the Seller, and any assignment without such consent shall be null and void; provided that
no such assignment shall relieve the assigning Party of its obligations hereunder.

 

10.3 Third
Parties. Nothing contained in this Agreement or in any instrument or document executed by any party in connection with the
transactions contemplated hereby shall create any rights in, or be deemed to have been executed for the benefit of, any Person
that is not a Party hereto or thereto or a successor or permitted assign of such a Party.

  

10.4 Arbitration.
Any and all disputes, controversies and claims (other than applications for a temporary restraining order, preliminary injunction,
permanent injunction or other equitable relief or application for enforcement of a resolution under this Section 10.4)
arising out of, related to, or in connection with this Agreement or the transactions contemplated hereby (a “Dispute”)
shall be governed by this Section 10.4. A party must, in the first instance, provide written notice of any Disputes
to the other parties subject to such Dispute, which notice must provide a reasonably detailed description of the matters subject
to the Dispute. The parties involved in such Dispute shall seek to resolve the Dispute on an amicable basis within ten (10) Business
Days of the notice of such Dispute being received by such other parties subject to such Dispute; the “Resolution Period”); provided,
that if any Dispute would reasonably be expected to have become moot or otherwise irrelevant if not decided within sixty (60) days
after the occurrence of such Dispute, then there shall be no Resolution Period with respect to such Dispute. Any Dispute that is
not resolved during the Resolution Period may immediately be referred to and finally resolved by arbitration pursuant to the then-existing
Expedited Procedures of the Commercial Arbitration Rules (the “AAA Procedures”) of the American Arbitration
Association (the “AAA”). Any party involved in such Dispute may submit the Dispute to the AAA to commence
the proceedings after the Resolution Period. To the extent that the AAA Procedures and this Agreement are in conflict, the terms
of this Agreement shall control. The arbitration shall be conducted by one arbitrator nominated by the AAA promptly (but in any
event within five (5) Business Days) after the submission of the Dispute to the AAA and reasonably acceptable to each party subject
to the Dispute, which arbitrator shall be a commercial lawyer with substantial experience arbitrating disputes under acquisition
agreements. The arbitrator shall accept his or her appointment and begin the arbitration process promptly (but in any event within
five (5) Business Days) after his or her nomination and acceptance by the parties subject to the Dispute. The proceedings shall
be streamlined and efficient. The arbitrator shall decide the Dispute in accordance with the substantive law of the State of New
York. Time is of the essence. Each party shall submit a proposal for resolution of the Dispute to the arbitrator within twenty
(20) days after confirmation of the appointment of the arbitrator. The arbitrator shall have the power to order any party to do,
or to refrain from doing, anything consistent with this Agreement, the Ancillary Documents and applicable Law, including to perform
its contractual obligation(s); provided, that the arbitrator shall be limited to ordering pursuant to the foregoing power (and,
for the avoidance of doubt, shall order) the relevant party (or parties, as applicable) to comply with only one or the other of
the proposals. The arbitrator’s award shall be in writing and shall include a reasonable explanation of the arbitrator’s
reason(s) for selecting one or the other proposal. The seat of arbitration shall be in New York County, State of New York. The
language of the arbitration shall be English.

 

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10.5 Governing
Law; Jurisdiction. This Agreement shall be governed by, construed and enforced in accordance with the Laws of the State of
New York without regard to the conflict of laws principles thereof.

 

10.6 Specific
Performance. Each Party acknowledges that the rights of each Party to consummate the transactions contemplated hereby are unique,
recognizes and affirms that in the event of a breach of this Agreement by any Party, money damages may be inadequate and the non-breaching
Parties may have not adequate remedy at law, and agree that irreparable damage would occur in the event that any of the provisions
of this Agreement were not performed by an applicable Party in accordance with their specific terms or were otherwise breached.
Accordingly, each Party shall be entitled to seek an injunction or restraining order to prevent breaches of this Agreement and
to seek to enforce specifically the terms and provisions hereof, without the requirement to post any bond or other security or
to prove that money damages would be inadequate, this being in addition to any other right or remedy to which such Party may be
entitled under this Agreement, at law or in equity and may be brought in any federal or state court in New York County, State of
New York.

 

10.7 Severability.
In case any provision in this Agreement shall be held invalid, illegal or unenforceable in a jurisdiction, such provision shall
be modified or deleted, as to the jurisdiction involved, only to the extent necessary to render the same valid, legal and enforceable,
and the validity, legality and enforceability of the remaining provisions hereof shall not in any way be affected or impaired thereby
nor shall the validity, legality or enforceability of such provision be affected thereby in any other jurisdiction. Upon such determination
that any term or other provision is invalid, illegal or incapable of being enforced, the Parties will substitute for any invalid,
illegal or unenforceable provision a suitable and equitable provision that carries out, so far as may be valid, legal and enforceable,
the intent and purpose of such invalid, illegal or unenforceable provision.

 

10.8 Amendment.
This Agreement may be amended, supplemented or modified only by execution of a written instrument signed by the Purchaser and the
Seller.

 

10.9   Waiver.
The Purchaser on behalf of itself and its Affiliates and the Seller on behalf of itself, the Subsidiary and its Affiliates, may
in its sole discretion (i) extend the time for the performance of any obligation or other act of any other non-Affiliated Party
hereto, (ii) waive any inaccuracy in the representations and warranties by such other non-Affiliated Party contained herein
or in any document delivered pursuant hereto and (iii) waive compliance by such other non-Affiliated Party with any covenant or
condition contained herein. Any such extension or waiver shall be valid only if set forth in an instrument in writing signed by
the Party or Parties to be bound thereby. Notwithstanding the foregoing, no failure or delay by a Party in exercising any right
hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise
of any other right hereunder. 

 

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10.10   Entire
Agreement. This Agreement and the documents or instruments referred to herein, including any exhibits, annexes and schedules
attached hereto, which exhibits, annexes and schedules are incorporated herein by reference, embody the entire agreement and understanding
of the Parties hereto in respect of the subject matter contained herein. There are no restrictions, promises, representations,
warranties, covenants or undertakings, other than those expressly set forth or referred to herein or the documents or instruments
referred to herein, which collectively supersede all prior agreements and the understandings among the Parties with respect to
the subject matter contained herein.

 

10.11   Interpretation.
The table of contents and the Article and Section headings contained in this Agreement are solely for the purpose of reference,
are not part of the agreement of the Parties and shall not in any way affect the meaning or interpretation of this Agreement.
In this Agreement, unless the context otherwise requires: (a) any pronoun used in this Agreement shall include the corresponding
masculine, feminine or neuter forms, and words in the singular, including any defined terms, include the plural and vice versa;
(b) reference to any Person includes such Person’s successors and assigns but, if applicable, only if such successors and
assigns are permitted by this Agreement, and reference to a Person in a particular capacity excludes such Person in any other
capacity; (c) any accounting term used and not otherwise defined in this Agreement or any Ancillary Document has the meaning assigned
to such term in accordance with GAAP; (d) “including” (and with correlative meaning “include”) means including
without limiting the generality of any description preceding or succeeding such term and shall be deemed in each case to be followed
by the words “without limitation”; (e) the words “herein,” “hereto,” and “hereby”
and other words of similar import in this Agreement shall be deemed in each case to refer to this Agreement as a whole and not
to any particular Section or other subdivision of this Agreement; (f) the word “if” and other words of similar import
when used herein shall be deemed in each case to be followed by the phrase “and only if”; (g) the term “or”
means “and/or”; (h) any reference to the term “ordinary course” or “ordinary course of business”
shall be deemed in each case to be followed by the words “consistent with past practice”; (i) any agreement, instrument,
insurance policy, Law or Order defined or referred to herein or in any agreement or instrument that is referred to herein means
such agreement, instrument, insurance policy, Law or Order as from time to time amended, modified or supplemented, including (in
the case of agreements or instruments) by waiver or consent and (in the case of statutes, regulations, rules or orders) by succession
of comparable successor statutes, regulations, rules or orders and references to all attachments thereto and instruments incorporated
therein; (j) except as otherwise indicated, all references in this Agreement to the words “Section,” “Article”,
“Schedule”, “Exhibit” and “Annex” are intended to refer to Sections, Articles, Schedules,
Exhibits and Annexes to this Agreement; and (k) the term “Dollars” or “$” means United States dollars.
Any reference in this Agreement to a Person’s directors shall including any member of such Person’s governing body
and any reference in this Agreement to a Person’s officers shall including any Person filling a substantially similar position
for such Person. Any reference in this Agreement or any Ancillary Document to a Person’s shareholders shall include any
applicable owners of the equity interests of such Person, in whatever form. The Parties have participated jointly in the negotiation
and drafting of this Agreement. Consequently, in the event an ambiguity or question of intent or interpretation arises, this Agreement
shall be construed as if drafted jointly by the Parties hereto, and no presumption or burden of proof shall arise favoring or
disfavoring any party by virtue of the authorship of any provision of this Agreement. To the extent that any Contract, document,
certificate or instrument is represented and warranted to by the Subsidiary to be given, delivered, provided or made available
by the Subsidiary, in order for such Contract, document, certificate or instrument to have been deemed to have been given, delivered,
provided and made available to the Purchaser or its Representatives, such Contract, document, certificate or instrument shall
have been posted to the electronic data site maintained on behalf of the Subsidiary for the benefit of the Purchaser and its Representatives
and the Purchaser and its Representatives have been given access to the electronic folders containing such information. 

 

10.12   Counterparts.
This Agreement may be executed and delivered (including by facsimile or other electronic transmission) in one or more counterparts,
and by the different Parties hereto in separate counterparts, each of which when executed shall be deemed to be an original but
all of which taken together shall constitute one and the same agreement.

 

ARTICLE
XI

DEFINITIONS

 

11.1   Certain
Definitions. For purpose of this Agreement, the following capitalized terms have the following meanings:

 

“Action”
means any notice of noncompliance or violation, or any claim, demand, charge, action, suit, litigation, audit, settlement, complaint,
stipulation, assessment or arbitration, or any request (including any request for information), inquiry, hearing, proceeding or
investigation, by or before any Governmental Authority.

 

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“Affiliate”
means, with respect to any Person, any other Person directly or indirectly Controlling, Controlled by, or under common Control
with such Person.

 

“Ancillary
Documents” means each agreement, instrument or document attached hereto as an Exhibit, including the other agreements,
certificates and instruments to be executed or delivered by any of the parties hereto in connection with or pursuant to this Agreement.

 

“Business
Day” means any day other than a Saturday, Sunday or a legal holiday on which commercial banking institutions in New
York, New York are authorized to close for business.

  

“Subsidiary’s
Charters” means the incorporation documents of the Subsidiary, as amended and effective.

  

“Consent”
means any consent, approval, waiver, authorization or Permit of, or notice to or declaration or filing with any Governmental Authority
or any other Person.

  

“Control”
of a Person means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies
of such Person, whether through the ownership of voting securities, by contract, or otherwise. “Controlled”, “Controlling”
and “under common Control with” have correlative meanings. Without limiting the foregoing a Person (the “Controlled
Person”) shall be deemed Controlled by (a) any other Person (the “10% Owner”) (i) owning
beneficially, as meant in Rule 13d-3 under the Exchange Act, securities entitling such Person to cast ten percent (10%) or more
of the votes for election of directors or equivalent governing authority of the Controlled Person or (ii) entitled to be allocated
or receive ten percent (10%) or more of the profits, losses, or distributions of the Controlled Person; (b) an officer, director,
general partner, partner (other than a limited partner), manager, or member (other than a member having no management authority
that is not a 10% Owner) of the Controlled Person; or (c) a spouse, parent, lineal descendant, sibling, aunt, uncle, niece, nephew,
mother-in-law, father-in-law, sister-in-law, or brother-in-law of an Affiliate of the Controlled Person or a trust for the benefit
of an Affiliate of the Controlled Person or of which an Affiliate of the Controlled Person is a trustee.

 

“Fraud Claim”
means any claim based in whole or in part upon fraud, willful misconduct or intentional misrepresentation.

 

“GAAP”
means generally accepted accounting principles as in effect in the United States of America.

 

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“Governmental
Authority” means any federal, state, local, foreign or other governmental, quasi-governmental or administrative body,
instrumentality, department or agency or any court, tribunal, administrative hearing body, arbitration panel, commission, or other
similar dispute-resolving panel or body.

 

“Law”
means any federal, state, local, municipal, foreign or other law, statute, legislation, principle of common law, ordinance, code,
edict, decree, proclamation, treaty, convention, rule, regulation, directive, requirement, writ, injunction, settlement, Order
or Consent that is or has been issued, enacted, adopted, passed, approved, promulgated, made, implemented or otherwise put into
effect by or under the authority of any Governmental Authority.

 

“Liabilities”
means any and all liabilities, indebtedness, Actions or obligations of any nature (whether absolute, accrued, contingent or otherwise,
whether known or unknown, whether direct or indirect, whether matured or unmatured and whether due or to become due), including
tax liabilities due or to become due.

 

“Lien”
means any mortgage, pledge, security interest, attachment, right of first refusal, option, proxy, voting trust, encumbrance, lien
or charge of any kind (including any conditional sale or other title retention agreement or lease in the nature thereof), restriction
(whether on voting, sale, transfer, disposition or otherwise), any subordination arrangement in favor of another Person, any filing
or agreement to file a financing statement as debtor under the Uniform Commercial Code or any similar Law.

 

“NASDAQ”
means the National Association of Securities Dealers Automated Quotations.

 

“Order”
means any order, decree, ruling, judgment, injunction, writ, determination, binding decision, verdict, judicial award or other
action that is or has been made, entered, rendered, or otherwise put into effect by or under the authority of any Governmental
Authority.

 

“Organizational
Documents” means, with respect to the Purchaser, the Purchaser Charter, and with respect to any other Party, its
Certificate of Incorporation and Bylaws or similar organizational documents, in each case, as amended.

 

“Person”
means an individual, corporation, partnership (including a general partnership, limited partnership or limited liability partnership),
limited liability company, association, trust or other entity or organization, including a government, domestic or foreign, or
political subdivision thereof, or an agency or instrumentality thereof.

 

“Representative”
means, as to any Person, such Person’s Affiliates and its and their managers, directors, officers, employees, agents and
advisors (including financial advisors, counsel and accountants).

 

“Taxes”
means (a) all direct or indirect federal, state, local, foreign and other net income, gross income, gross receipts, sales, use,
value-added, ad valorem, transfer, franchise, profits, license, lease, service, service use, withholding, payroll, employment,
social security and related contributions due in relation to the payment of compensation to employees, excise, severance, stamp,
occupation, premium, property, windfall profits, alternative minimum, estimated, customs, duties or other taxes, fees, assessments
or charges of any kind whatsoever, together with any interest and any penalties, additions to tax or additional amounts with respect
thereto, (b) any Liability for payment of amounts described in clause (a) whether as a result of being a member of an affiliated,
consolidated, combined or unitary group for any period or otherwise through operation of law and (c) any Liability for the payment
of amounts described in clauses (a) or (b) as a result of any tax sharing, tax group, tax indemnity or tax allocation agreement
with, or any other express or implied agreement to indemnify, any other Person.

 

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BLANK; SIGNATURE PAGE FOLLOWS]

 

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IN WITNESS WHEREOF,
each Party hereto has caused this Agreement to be signed and delivered by its respective duly authorized officer as of the date
first written above.

 

	Purchaser	 
	 	 
	Vision Loyal Limited	 
	 	 	 
	By:	/s/ Cathy Pan	 
	Name:  	Cathy Pan	 
	Title:	Director	 

 

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IN WITNESS WHEREOF,
each Party hereto has caused this Agreement to be signed and delivered by its respective duly authorized officer as of the date
first written above.

 

	Seller	 
	 	 
	HC High Summit Holding Limited	 
	 	 
	By:	/s/ Renmei Ouyang	 
	Name:  	Renmei Ouyang	 
	Title:	CEO and Director	 

 

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IN WITNESS WHEREOF,
each Party hereto has caused this Agreement to be signed and delivered by its respective duly authorized officer as of the date
first written above.

 

	Subsidiary	 
	 	 
	HC High Summit Limited	 
	 	 
	By:	/s/ Long Yi	 
	Name:  	Long Yi	 
	Title: 	Director	 

 

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IN WITNESS WHEREOF,
each Party hereto has caused this Agreement to be signed and delivered by its respective duly authorized officer as of the date
first written above.

 

	The Company	 
	 	 
	TD Holdings, Inc.	 
	 	 
	By:	/s/ Renmei Ouyang	 
	Name:   	Renmei Ouyang	 
	Title: 	Chief Executive Officer	 

 

 

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