Document:

Exhibit
10.1

 

Share
Pledge Agreement

 

This
Share Pledge Agreement (this “Agreement”) has been executed by and among the following parties on [*], 2020 in Taizhou, the
People’s Republic of China (“China” or the “PRC”):

 

	Party
    A:	Jiangsu
    Pailing Communication Technology Co. Ltd (hereinafter “Pledgee”), a wholly foreign owned enterprise with limited
    liability which is incorporated and established in Taizhou City, China, with its registered address at [*];
	 	 
	Party
    B:	Xiaofei
    Cui、Liang He are natural persons in China; and
	 	 
	Party
    C:	Taizhou
    Kepuni Communication Equipment Co., Ltd., a limited liability company incorporated and established in Taizhou City, China, with
    its registered address at No. 318, Yongping Road, Science and Technology Pioneer Park, Gaogang District, Taizhou City, Jiangsu Province.
	 	 
	 	In
    this Agreement, each of Pledgee, Pledgors and Party C shall be referred to as a “Party” respectively, and they shall be
    collectively referred to as the “Parties”.

 

Whereas:

 

	1.	Pledgors
    are natural persons in China, and hold 100% of the equity interest of Party C. Party C is a limited liability company registered
    in Taizhou, China. Party C acknowledges the respective rights and obligations of Pledgors and Pledgee under this Agreement, and intends
    to provide any necessary assistance in registering the Pledge;
	 	 

    

	2.	Pledgee
    is a wholly foreign-owned enterprise registered in China. Pledgee and Party C have executed an Exclusive Business Cooperation Agreement
    in Taizhou;

 

	3. 	To
    ensure that Party C fully performs its obligations under the Exclusive Business Cooperation Agreement and pay the service fees
    thereunder to the Pledgee when the same becomes due, Pledgors hereby pledge to the Pledgee all of the equity interest he holds in
    Party C as security for payment of the service fees by Party C under the Business Cooperation Agreement.
	 	 
	 	To
    perform the provisions of the Business Cooperation Agreement, the Parties have mutually agreed to execute this Agreement upon the
    following terms.

 

     

     

    

 

	1. 	Definitions

 

Unless
otherwise provided herein, the terms below shall have the following meanings:

 

		1.1	Pledge:
                                            shall refer to the security interest granted by Pledgors to Pledgee pursuant to Article 2
                                            of this Agreement, i.e., the right of Pledgee to be compensated on a preferential basis for
                                            the proceeds from the conversion, auction or sales of the Equity Interest.

 
 

		1.2	Equity
                                            Interest: shall refer to all of the equity interest lawfully held now and hereafter
                                            acquired by Pledgors in Party C.

 
 

		1.3	Term
                                            of Pledge: shall refer to the term set forth in Section 3 of this Agreement.

 
 

		1.4	Business
                                            Cooperation Agreement: shall refer to the Exclusive Business Cooperation Agreement executed
                                            by and between Party C and Pledgee on [*], 2020.

 

	 	1.5 	Event
    of Default: shall refer to any of the circumstances set forth in Article 7 of this Agreement.
	 		 
	 	1.6 	Notice
    of Default: shall refer to the notice issued by Pledgee in accordance with this Agreement declaring an Event of Default.

 

	2.	The
                                            Pledge

 

As
collateral security for the timely and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise)
of any or all of the payments due by Party C, including without limitation the services fees payable to the Pledgee under the Business
Cooperation Agreement, Pledgors hereby pledge to Pledgee a first security interest in all of Pledgors’ right, title and interest, whether
now owned or hereafter acquired by Pledgors, in the Equity Interest of Party C.

 

    2 

     

    

 

	3.	Term
                                            of Pledge

 

	3.1	The
                                            Pledge shall become effective on such date when the pledge of the Equity Interest contemplated
                                            herein has been registered with relevant administration for industry and commerce (the “AIC”).
                                            The Pledge shall be continuously valid until all payments due under the Business Cooperation
                                            Agreement have been fulfilled by Party C. Pledgors and Party C shall (1) register the Pledge
                                            in the shareholders’ register of Party C within 3 business days following the execution of
                                            this Agreement, and (2) submit an application to the AIC for the registration of the Pledge
                                            of the Equity Interest contemplated herein within 15 business days following the execution
                                            of this Agreement. The parties covenant that for the purpose of registration of the Pledge,
                                            the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement
                                            or an equity interest pledge contract in the form required by the AIC at the location of
                                            Party C which shall truly reflect the information of the Pledge hereunder (the “AIC
                                            Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties
                                            shall be bound by the provisions of this Agreement. Pledgors and Party C shall submit all
                                            necessary documents and complete all necessary procedures, as required by the PRC laws and
                                            regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall
                                            be registered with the AIC as soon as possible after filing.

 

	3.2	During
                                            the Term of Pledge, in the event Party C fails to pay the exclusive service fees in accordance
                                            with the Business Cooperation Agreement, Pledgee shall have the right, but not the obligation,
                                            to dispose of the Pledge in accordance with the provisions of this Agreement.

 

	4.	Custody
                                            of Records for Equity Interest subject to Pledge

 

	 	4.1	During
    the Term of Pledge set forth in this Agreement, Pledgors shall deliver to Pledgee’s custody the capital contribution certificate
    for the Equity Interest and the shareholders’ register containing the Pledge within one week from the execution of this Agreement.
    Pledgee shall have custody of such items during the entire Term of Pledge set forth in this Agreement.
	 	 	 
	 	4.2	Pledgee
    shall have the right to collect any and all dividends declared or generated in connection with the Equity Interest during the Term
    of Pledge.

 

    3 

     

    

 

	5.
    	Representations
    and Warranties of Pledgors
	 	 	 
	 	5.1 	Pledgors
    are the sole legal and beneficial owner of the Equity Interest.
	 	 	 
	 	5.2 	Pledgee
    shall have the right to dispose of and transfer the Equity Interest in accordance with the provisions set forth in this Agreement.

 

	 	5.3 	Except
    for the Pledge, Pledgors have not placed any security interest or other encumbrance on the Equity Interest.

 

	6.	Covenants
    and Further Agreements of Pledgors
	 	 	 
	 	6.1 	Pledgors
    hereby covenant to the Pledgee, that during the term of this Agreement, Pledgors shall:
	 	 	 
	 	 	6.1.1 	not
    transfer the Equity Interest, place or permit the existence of any security interest or other encumbrance on the Equity Interest,
    without the prior written consent of Pledgee, except for the performance of the Exclusive Option Agreement executed by Pledgors,
    the Pledgee and Party C on the execution date of this Agreement;
	 	 	 	 
	 	 	6.1.2 	comply
    with the provisions of all laws and regulations applicable to the pledge of rights, and within 5 days of receipt of any notice, order
    or recommendation issued or prepared by relevant competent authorities regarding the Pledge, shall present the aforementioned notice,
    order or recommendation to Pledgee, and shall comply with the aforementioned notice, order or recommendation or submit objections
    and representations with respect to the aforementioned matters upon Pledgee’s reasonable request or upon consent of Pledgee;
	 	 	 	 
	 	 	6.1.3 	promptly
    notify Pledgee of any event or notice received by Pledgors that may have an impact on Pledgee’s rights to the Equity Interest or
    any portion thereof, as well as any event or notice received by Pledgors that may have an impact on any guarantees and other obligations
    of Pledgors arising out of this Agreement.

 

	 	6.2 	Pledgors
    agree that the rights acquired by Pledgee in accordance with this Agreement with respect to the Pledge shall not be interrupted or
    harmed by Pledgors or any heirs or representatives of Pledgors or any other persons through any legal proceedings.
	 	 	 
	 	6.3 	To
    protect or perfect the security interest granted by this Agreement for payment of the service fees under the Business Cooperation
    Agreement, Pledgors hereby undertake to execute in good faith and to cause other parties who have an interest in the Pledge to execute
    all certificates, agreements, deeds and/or covenants required by Pledgee. Pledgors also undertake to perform and to cause other parties
    who have an interest in the Pledge to perform actions required by Pledgee, to facilitate the exercise by Pledgee of its rights and
    authority granted thereto by this Agreement, and to enter into all relevant documents regarding ownership of Equity Interest with
    Pledgee or designee(s) of Pledgee (natural persons/legal persons). Pledgors undertake to provide Pledgee within a reasonable time
    with all notices, orders and decisions regarding the Pledge that are required by Pledgee.
	 	 	 
	 	6.4 	Pledgors
    hereby undertake to comply with and perform all guarantees, promises, agreements, representations and conditions under this Agreement.
    In the event of failure or partial performance of its guarantees, promises, agreements, representations and conditions, Pledgors
    shall indemnify Pledgee for all losses resulting therefrom.

 

    4 

     

    

 

	7.	Event
    of Breach

 

	 	7.1 	The
    following circumstances shall be deemed Event of Default:
	 	 	 
	 	 	7.1.1 	Party
    C fails to fully and timely fulfill any liabilities under the Business Cooperation Agreement, including without limitation failure
    to pay in full any of the service fees payable under the Business Cooperation Agreement or breaches any other obligations of
    Party C thereunder;
	 	 	 	 
	 	 	7.1.2 	Pledgors
    or Party C have committed a material breach of any provisions of this Agreement;
	 	 	 	 
	 	 	7.1.3 	Except
    as expressly stipulated in Section 6.1.1, Pledgors transfer or purport to transfer or abandon the Equity Interest pledged or assign
    the Equity Interest pledged without the written consent of Pledgee; and
	 	 	 	 
	 	 	7.1.4 	The
    successor or custodian of Party C is capable of only partially perform or refuses to perform the payment obligations under the Business
    Cooperation Agreement.

 

		7.2	Upon
                                            notice or discovery of the occurrence of any circumstances or event that may lead to the
                                            aforementioned circumstances described in Section 7.1, Pledgors shall immediately notify
                                            Pledgee in writing accordingly.

 
   

		7.3	Unless
                                            an Event of Default set forth in this Section 7.1 has been successfully resolved to Pledgee’s
                                            satisfaction within twenty (20) days after the Pledgee delivers a notice to the Pledgors
                                            requesting ratification of such Event of Default, Pledgee may issue a Notice of Default to
                                            Pledgors in writing at any time thereafter, demanding the Pledgors to immediately dispose
                                            of the Pledge in accordance with the provisions of Article 8 of this Agreement.

 

	8.	Exercise
    of Pledge
	 	 	 
	 	8.1 	Prior
    to the full payment of the service fees described in the Business Cooperation Agreement, without the Pledgee’s written consent, Pledgors
    shall not assign the Pledge or the Equity Interest in Party C.
	 	 	 
	 	8.2 	Pledgee
    may issue a Notice of Default to Pledgors when exercising the Pledge.
	 	 	 
	 	8.3 	Subject
    to the provisions of Section 7.3, Pledgee may exercise the right to enforce the Pledge at any time after the issuance of the Notice
    of Default in accordance with Section 7.2. Once Pledgee elects to enforce the Pledge, Pledgors shall cease to be entitled to any
    rights or interests associated with the Equity Interest.
	 	 	 
	 	8.4	In
    the event of default, Pledgee is entitled to dispose of the Equity Interest pledged in accordance with applicable PRC laws. Only
    to the extent permitted under applicable PRC laws, Pledgee has no obligation to account to Pledgors for proceeds of disposition of
    the Equity Interest, and Pledgors hereby waive any rights they may have to demand any such accounting from Pledgee; Likewise, in
    such circumstance Pledgors shall have no obligation to Pledgee for any deficiency remaining after such disposition of the Equity
    Interest pledged.

 

	 	8.5	When
    Pledgee disposes of the Pledge in accordance with this Agreement, Pledgors and Party C shall provide necessary assistance to enable
    Pledgee to enforce the Pledge in accordance with this Agreement.

 

    5 

     

    

 

	9.	Assignment
	 	 	 
	 	9.1 	Without
Pledgee’s prior written consent, Pledgors shall not have the right to assign or delegate its rights and obligations under this Agreement.
	 		 
 
	 	9.2 	This
Agreement shall be binding on Pledgors and its successors and permitted assigns, and shall be valid with respect to Pledgee and each
of its successors and assigns.
	 	 	 
	 	9.3 	At
any time, Pledgee may assign any and all of its rights and obligations under the Business Cooperation Agreement to its designee(s) (natural/legal
persons), in which case the assigns shall have the rights and obligations of Pledgee under this Agreement, as if it were the original
party to this Agreement. When the Pledgee assigns the rights and obligations under the Business Cooperation Agreement, upon Pledgee’s
request, Pledgors shall execute relevant agreements or other documents relating to such assignment.
	 		 
 
	 	9.4 	In
the event of a change in Pledgee due to an assignment, Pledgors shall, at the request of Pledgee, execute a new pledge agreement with
the new pledgee on the same terms and conditions as this Agreement, and register the same with the relevant AIC.
	 	 	 
	 	9.5 	Pledgors
shall strictly abide by the provisions of this Agreement and other contracts jointly or separately executed by the Parties hereto or
any of them, including the Exclusive Option Agreement and the Power of Attorney granted to Pledgee, perform the obligations hereunder
and thereunder, and refrain from any action/omission that may affect the effectiveness and enforceability thereof. Any remaining rights
of Pledgors with respect to the Equity Interest pledged hereunder shall not be exercised by Pledgors except in accordance with the written
instructions of Pledgee.

 

	10.	Termination
	 	 
	 	Upon
    the full payment of the service fees under the Business Cooperation Agreement and upon termination of Party C’s obligations under
    the Business Cooperation Agreement, this Agreement shall be terminated, and Pledgee shall then cancel or terminate this Agreement
    as soon as reasonably practicable.

 

	11.	Handling
    Fees and Other Expenses
	 	 
	 	All
    fees and out of pocket expenses relating to this Agreement, including but not limited to legal costs, costs of production, stamp
    tax and any other taxes and fees, shall be borne by Party C.

 

	12.	Confidentiality
	 	 
	 	The
    Parties acknowledge that the existence and the terms of this Agreement and any oral or written information exchanged between the
    Parties in connection with the preparation and performance of this Agreement are regarded as confidential information. Each Party
    shall maintain confidentiality of all such confidential information, and without obtaining the written consent of the other Party,
    it shall not disclose any relevant confidential information to any third parties, except for the information that: (a) is or will
    be in the public domain (other than through the receiving Party’s unauthorized disclosure); (b) is under the obligation to
    be disclosed pursuant to the applicable laws or regulations, rules of any stock exchange, or orders of the court or other government
    authorities; or (c) is required to be disclosed by any Party to its shareholders, investors, legal counsels or financial advisors
    regarding the transaction contemplated hereunder, provided that such shareholders, investors, legal counsels or financial advisors
    shall be bound by the confidentiality obligations similar to those set forth in this Section. Disclosure of any confidential
    information by the staff members or agencies hired by any Party shall be deemed disclosure of such confidential information by such
    Party, which Party shall be held liable for breach of this Agreement. This Section shall survive the termination of this Agreement
    for any reason.

 

    6 

     

    

 

	13.	Governing
Law and Resolution of Disputes
	 		 
 
	 	13.1	The
execution, effectiveness, construction, performance, amendment and termination of this Agreement and the resolution of disputes hereunder
shall be governed by the laws of China.
	 	 	 
	 		 
	 	13.2 	In
the event of any dispute with respect to the construction and performance of this Agreement, the Parties shall first resolve the dispute
through friendly negotiations. In the event the Parties fail to reach an agreement on the dispute within 30 days after either Party’s
request to the other Parties for resolution of the dispute through negotiations, either Party may submit the relevant dispute to the
China International Economic and Trade Arbitration Commission for arbitration, in accordance with its Arbitration Rules. The arbitration
shall be conducted in Shanghai, and the language used in arbitration shall be Chinese. The arbitration award shall be final and binding
on all Parties.
	 	 	 
	 		 
	 	13.3 	Upon
the occurrence of any disputes arising from the construction and performance of this Agreement or during the pending arbitration of any
dispute, except for the matters under dispute, the Parties to this Agreement shall continue to exercise their respective rights under
this Agreement and perform their respective obligations under this Agreement.
	 	 	 
	14.	Notices
	 		 
	 	14.1 	All
notices and other communications required or permitted to be given pursuant to this Agreement shall be delivered personally or sent by
registered mail, postage prepaid, by a commercial courier service or by facsimile transmission to the address of such party set forth
below. A confirmation copy of each notice shall also be sent by E-mail. The dates on which notices shall be deemed to have been effectively
given shall be determined as follows:

 

	 	14.2 	Notices
    given by personal delivery, by courier service or by registered mail, postage prepaid, shall be deemed effectively given on the date
    of receipt or refusal at the address specified for notices.
	 	 	 
	 	14.3 	Notices
    given by facsimile transmission shall be deemed effectively given on the date of successful transmission (as evidenced by an automatically generated
    confirmation of transmission).
	 	 	 
	 	14.4	For
    the purpose of notices, the addresses of the Parties are as follows:

 

    7 

     

    

 

	Party
A:	Jiangsu
                  Pailing Communication Technology Co. Ltd

 

Address:
   

 

Attn:
   

 

Phone:
   

 

Facsimile:
   

 

	Party
B:	Xiaofei
                                            Cui、Liang He

 

	Address:	[  ],
                                            Taizhou city, Jiangsu Province

 

Attn:
 

 

Phone:
 

 

Facsimile:
 

 

	Party
B:	Taizhou
                                            Kepuni Communication Equipment Co., Ltd.

 

	Address:	No.
                                            318, Yongping Road, Science and Technology Pioneer Park, Gaogang District, Taizhou City,
                                            Jiangsu Province
	 	 

	Attn:	Xiaofei
                                            Cui

 

Phone:
   

 

Facsimile:
   

 

		14.5	Any
                                            Party may at any time change its address for notices by a notice delivered to the other Parties
                                            in accordance with the terms hereof.

 

    8 

     

    

 

	15.	Severability
	 	 
	 	In
    the event that one or several of the provisions of this Contract are found to be invalid, illegal or unenforceable in any aspect
    in accordance with any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Contract
    shall not be affected or compromised in any respect. The Parties shall strive in good faith to replace such invalid, illegal or unenforceable
    provisions with effective provisions that accomplish to the greatest extent permitted by law and the intentions of the Parties, and
    the economic effect of such effective provisions shall be as close as possible to the economic effect of those invalid, illegal or
    unenforceable provisions.

 

	16.	Attachments
	 	 
	 	The
    attachments set forth herein shall be an integral part of this Agreement.

 

	17.	Effectiveness
	 		 
 
	 	17.1 	Any
amendments, changes and supplements to this Agreement shall be in writing and shall become effective upon completion of the governmental
filing procedures (if applicable) after the affixation of the signatures or seals of the Parties.
	 		 
 
	 	17.2 	This
Agreement is written in Chinese and English in three copies. Pledgors, Pledgee and Party C shall hold one copy respectively. Each copy
of this Agreement shall have equal validity. In case there is any conflict between the Chinese version and the English version, the Chinese
version shall prevail.

 

The
Remainder of this page is intentionally left blank

 

    9 

     

    

 

IN
WITNESS WHEREOF, the Parties have caused their authorized representatives to execute this Exclusive Business Cooperation Agreement as
of the date first above written.

 

Party
A: Jiangsu Pailing Communication Technology Co. Ltd

 

	By:	 	 
	Name: 	Xiaofei
    Cui	 
	Title:	Legal
    Representative	 

 

Party
B: Xiaofei Cui、Liang He  

 

	By:	 	 

 

Party
C: Taizhou Kepuni Communication Equipment Co., Ltd.  

 

	By:	 	 
	Name: 	Xiaofei
    Cui	 
	Title:	Legal
    Representative	 

 

 

10Exhibit
10.2

 

Exclusive
Option Agreement

 

This
Exclusive Option Agreement (this "Agreement") is executed by and among the following Parties as of [*], 2020 in Taizhou, the
People’s Republic of China (“China” or the “PRC”):

 

	Party A:	Jiangsu
                                            Pailing Communication Technology Co. Ltd., a wholly foreign owned enterprise with limited
                                            liability which is incorporated and established in Taizhou City, China, with its registered
                                            address at [*];

 

	Party B	(Shareholders):
                                            Xiaofei Cui、Liang He are natural persons in China; and

 

	Party
    C:	Taizhou
        Kepuni Communication Equipment Co., Ltd., a limited liability company incorporated and established in Taizhou City, China,
        with its registered address at No. 318, Yongping Road, Science and Technology Pioneer Park, Gaogang District, Taizhou City, Jiangsu
        Province. 

 

In
this Agreement, each of Party A, Party B and Party C shall be referred to as a "Party" respectively, and they shall be collectively
referred to as the "Parties".

 

		1.	Whereas:
Shareholders hold 100% of the equity interest in Party C.

 

		2.	Whereas,
shareholders agree to grant Party A an exclusive equity purchase option.

 

Now
therefore, upon mutual discussion and negotiation, the Parties have reached the following agreement:

 

		1.	Sale
                                            and Purchase of Equity Interest

 

		1.1	Option
Granted

 

In
consideration of the payment of RMB10.00 by Party A, the receipt and adequacy of which is hereby acknowledged by Party B, Party B hereby
irrevocably grants Party A an irrevocable and exclusive right to purchase, or designate one or more persons (each, a "Designee")
to purchase the equity interests in Party C then held by Party B once or at multiple times at any time in part or in whole at Party A's
sole and absolute discretion to the extent permitted by Chinese laws and at the price described in Section 1.3 herein (such right being
the "Equity Interest Purchase Option"). Except for Party A and the Designee(s), no other person shall be entitled to the Equity
Interest Purchase Option or other rights with respect to the equity interests of Party B. Party C hereby agrees to the grant by Party
B of the Equity Interest Purchase Option to Party A. The term "person" as used herein shall refer to individuals, corporations,
partnerships, partners, enterprises, trusts or non-corporate organizations.

 

     

    

    

 

		1.2	Steps
for Exercise of Equity Interest Purchase Option

 

Subject
to the provisions of the laws and regulations of China, Party A may exercise the Equity Interest Purchase Option by issuing a written
notice to Party B (the "Equity Interest Purchase Option Notice"), specifying: (a) Party A's decision to exercise the Equity
Interest Purchase Option; (b) the portion of equity interests to be purchased from Party B (the "Optioned Interests"); and
(c) the date for purchasing the Optioned Interests and/or the date for transfer of the Optioned Interests.

 

		1.3	Equity
Interest Purchase Price

 

The
aggregate purchase price of all the Optioned Interests of Party B to be purchased by Party A shall be equal to the capital paid in by
the Shareholders, adjusted pro rata for purchase of less than all of the Equity Interest, unless applicable PRC laws and regulations
require an appraisal of the Equity Interest or stipulate other restrictions regarding the Equity Interest Purchase Price (the "Equity
Interest Purchase Price").

 

		1.4	Transfer
of Optioned Interests

 

For
each exercise of the Equity Interest Purchase Option:

 

		1.4.1	Party
B shall cause Party C to promptly convene a shareholders’ meeting, at which a resolution shall be adopted approving Party
B's transfer of the Optioned Interests to Party A and/or the Designee(s);

 

		1.4.2	Party
B shall obtain written statements from the other shareholders of Party C giving consent to the transfer of the equity interest to Party
A and/or the Designee(s) and waiving any right of first refusal related thereto;

 

		1.4.3	Party
B shall execute a share transfer contract with respect to each transfer with Party A and/or each Designee (whichever is applicable),
in accordance with the provisions of this Agreement and the Equity Interest Purchase Option Notice regarding the Optioned Interests;

 

    2

    

    

 

		1.4.4	The
relevant Parties shall execute all other necessary contracts, agreements or documents, obtain all necessary government licenses and permits
and take all necessary actions to transfer valid ownership of the Optioned Interests to Party A and/or the Designee(s), unencumbered
by any security interests, and cause Party A and/or the Designee(s) to become the registered owner(s) of the Optioned Interests. For
the purpose of this Section and this Agreement, "security interests" shall include securities, mortgages, third party's rights
or interests, any stock options, acquisition right, right of first refusal, right to offset, ownership retention or other security arrangements,
but shall be deemed to exclude any security interest created by this Agreement and Party B's Share Interest Pledge Agreement. "Party
B's Share Interest Pledge Agreement" as used in this Section and this Agreement shall refer to the Share Interest Pledge Agreement
("Share Interest Pledge Agreement") executed by and among Party A, Party B and Party C as of the date hereof, whereby Party
B pledges all of its equity interests in Party C to Party A, in order to guarantee Party C's performance of its obligations under the
Exclusive Business Corporation Agreement executed by and between Party C and Party A.

 

		1.5	Payment

 

Upon
exercise of the Equity Interest Purchase Option, Party A shall make payment of the Equity Interest Purchase Price set forth in Section1.3
under this agreement to the Party B.

 

		2.	Representations
and Warranties

 

Party
B and Party C hereby represent and warrant to Party A, jointly and severally, as of the date of this Agreement and each date of transfer
of the Optioned Interests, that:

 

		2.1	They
have the authority to execute and deliver this Agreement and any share transfer contracts to which they are parties concerning the
Optioned Interests to be transferred thereunder (each, a "Transfer Contracts"), and to perform their obligations under
this Agreement and any Transfer Contracts. Party B and Party C agree to enter into Transfer Contracts consistent with the terms of this
Agreement upon Party A’s exercise of the Equity Interest Purchase Option. This Agreement and the Transfer Contracts to which they
are parties constitute or will constitute their legal, valid and binding obligations and shall be enforceable against them in accordance
with the provisions thereof;

 

    3

    

    

 

		2.2	The
execution and delivery of this Agreement or any Transfer Contracts and the obligations under this Agreement or any Transfer Contracts
shall not: (i) cause any violation of any applicable laws of China; (ii) be inconsistent with the articles of association, bylaws or
other organizational documents of Party C; (iii) cause the violation of any contracts or instruments to which they are a party or which
are binding on them, or constitute any breach under any contracts or instruments to which they are a party or which are binding on them;
(iv) cause any violation of any condition for the grant and/or continued effectiveness of any licenses or permits issued to either of
them; or (v) cause the suspension or revocation of or imposition of additional conditions to any licenses or permits issued to either
of them;

 

		2.3	Each
of Party B has a good and merchantable title to the equity interests in Party C it holds. Except for Party B's Share Pledge Agreement,
Party B has not placed any security interest on such equity interests;

 

		2.4	Party
C has a good and merchantable title to all of its assets, and has not placed any security interest on the aforementioned assets; and

 

		2.5	There
are no pending or threatened litigation, arbitration or administrative proceedings relating to the equity interests in Party C, assets
of Party C or Party C.

 

		3.	Effective
Date

 

This
Agreement shall become effective upon the date hereof, and remain effective for a term of 10 years, and may be renewed at Party A's election.

 

		4.	Governing
Law and Resolution of Disputes

 

		4.1	Governing
law

 

The
execution, effectiveness, construction, performance, amendment and termination of this Agreement and the resolution of disputes hereunder
shall be governed by the formally published and publicly available laws of China. Matters not covered by formally published and publicly
available laws of China shall be governed by international legal principles and practices.

 

    4

    

    

 

		4.2	Methods
of Resolution of Disputes

 

In
the event of any dispute with respect to the construction and performance of this Agreement, the Parties shall first resolve the dispute
through friendly negotiations. In the event the Parties fail to reach an agreement on the dispute within 30 days after either Party's
request to the other Parties for resolution of the dispute through negotiations, either Party may submit the relevant dispute to the
China International Economic and Trade Arbitration Commission for arbitration, in accordance with its Arbitration Rules. The arbitration
shall be conducted in Shanghai, and the language used in arbitration shall be Chinese. The arbitration award shall be final and binding
on all Parties.

 

		5.	Taxes
                                            and Fees

 

Each
Party shall pay any and all transfer and registration taxes, expenses and fees incurred thereby or levied thereon in accordance with
the laws of China in connection with the preparation and execution of this Agreement and the Transfer Contracts, as well as the consummation
of the transactions contemplated under this Agreement and the Transfer Contracts.

 

		6.	Notices

 

		6.1	All notices and other communications required or permitted
to be given pursuant to this Agreement shall be delivered personally or sent by registered mail, postage prepaid, by a commercial courier
service or by facsimile transmission to the address of such Party set forth below. A confirmation copy of each notice shall also be sent
by email. The dates on which notices shall be deemed to have been effectively given shall be determined as follows:

 

		6.1.1	Notices
given by personal delivery, by courier service or by registered mail, postage prepaid, shall be deemed effectively given on the date
of receipt or refusal at the address specified for notices.

 

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		6.1.2	Notices
given by facsimile transmission shall be deemed effectively given on the date of successful transmission (as evidenced by an automatically
generated confirmation of transmission).

 

		6.2	For the purpose of notices, the addresses of the Parties
are as follows:

 

Party
A: Jiangsu Pailing Communication Technology Co. Ltd

 

Address:
[    ], Taizhou City, Zhejiang Province

Attn:
Xiaofei Cui

Phone:

Facsimile:

 

Party
B: Xiaofei Cui、Liang He

 

Address:
[    ] Taizhou city, Zhejiang Province

Attn:
Xiaofei Cui

Phone:

Facsimile:

 

Party
C: Taizhou Kepuni Communication Equipment Co., Ltd.

 

Address:
No. 318, Yongping Road, Science and Technology Pioneer Park, Gaogang District, Taizhou City, Jiangsu Province

Attn:
Xiaofei Cui

Phone:

Facsimile:

 

		6.3	Any
Party may at any time change its address for notices by a notice delivered to the other Parties in accordance with the terms hereof.

 

		7.	Confidentiality

 

The
Parties acknowledge that the existence and the terms of this Agreement and any oral or written information exchanged between the Parties
in connection with the preparation and performance of this Agreement are regarded as confidential information. Each Party shall maintain
confidentiality of all such confidential information, and without obtaining the written consent of the other Party, it shall not disclose
any relevant confidential information to any third parties, except for the information that: (a) is or will be in the public domain (other
than through the receiving Party’s unauthorized disclosure); (b) is under the obligation to be disclosed pursuant to the applicable
laws or regulations, rules of any stock exchange, or orders of the court or other government authorities; or (c) is required to
be disclosed by any Party to its shareholders, investors, legal counsels or financial advisors regarding the transaction contemplated
hereunder, provided that such shareholders, investors, legal counsels or financial advisors shall be bound by the confidentiality obligations
similar to those set forth in this Section. Disclosure of any confidential information by the staff members or agencies hired by any
Party shall be deemed disclosure of such confidential information by such Party, which Party shall be held liable for breach of this
Agreement. This Section shall survive the termination of this Agreement for any reason.

 

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		8.	Further
Warranties

 

The
Parties agree to promptly execute documents that are reasonably required for or are conducive to the implementation of the provisions
and purposes of this Agreement and take further actions that are reasonably required for or are conducive to the implementation of the
provisions and purposes of this Agreement.

 

		9.	Miscellaneous

 

		9.1	Amendment,
                                            change and supplement

 

Any
amendment, change and supplement to this Agreement shall require the execution of a written agreement by all of the Parties.

 

		9.2	Entire
agreement

 

Except
for the amendments, supplements or changes in writing executed after the execution of this Agreement, this Agreement shall constitute
the entire agreement reached by and among the Parties hereto with respect to the subject matter hereof, and shall supersede all prior
oral and written consultations, representations and contracts reached with respect to the subject matter of this Agreement.

 

		9.3	Headings

 

The
headings of this Agreement are for convenience only, and shall not be used to interpret, explain or otherwise affect the meanings of
the provisions of this Agreement.

 

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		9.4	Language

 

This
Agreement is written in both Chinese and English language in three copies, each Party having one copy with equal legal validity; in case
there is any conflict between the Chinese version and the English version, the Chinese version shall prevail.

 

		9.5	Severability

 

In
the event that one or several of the provisions of this Agreement are found to be invalid, illegal or unenforceable in any aspect in
accordance with any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement shall
not be affected or compromised in any respect. The Parties shall strive in good faith to replace such invalid, illegal or unenforceable
provisions with effective provisions that accomplish to the greatest extent permitted by law and the intentions of the Parties, and the
economic effect of such effective provisions shall be as close as possible to the economic effect of those invalid, illegal or unenforceable
provisions.

 

		9.6	Successors

 

This
Agreement shall be binding on and shall inure to the interest of the respective successors of the Parties and the permitted assigns of
such Parties.

 

		9.7	Survival

 

		9.7.1	Any
obligations that occur or that are due as a result of this Agreement upon the expiration or early termination of this Agreement shall
survive the expiration or early termination thereof.

 

		9.7.2	The
provisions of Sections 4, 6, 7 and this Section 9.7 shall survive the termination of this Agreement.

 

The
Remainder of this page is intentionally left blank

 

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IN
WITNESS WHEREOF, the Parties have caused their authorized representatives to execute this Agreement as of the date first above written.

 

	Party A: Jiangsu Pailing Communication Technology Co. Ltd	 
	 	 
	By:	 	 
	Name:	Xiaofei Cui	 
	Title:	Legal Representative	 
	 	 	 
	Party B:Xiaofei Cui、Liang He	 
	 	 
	By:	 	 
	 	 	 
	Party C: Taizhou Kepuni Communication Equipment Co., Ltd.	 
	 	 
	By:	 	 
	Name:	Xiaofei Cui	 
	Title:	Legal Representative	 

 

 

9

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