Document:

lx_Ex4_33

		

			 

		

		
			Exhibit 4.33
		

		
			Headquarter Project Development Supervision 
		

		
			Agreement
		

		
			Land Plot No.: T107-0088
		

		
			Project Name: New Consumption E-Commerce Headquarters Project
		

		
			Land Grant Contract No.: Shen Di He Zi (2020) No. 8002
		

		
			Prepared by the People’s Government of Nanshan District, Shenzhen
		

		
			
		

		
			

		 

		

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			Party A: The People’s Government of Nanshan District, Shenzhen
		

		
			Legal Representative: Huang Xiangyue
		

		
			Address: No. 2 Taoyuan Road, Nanshan District, Shenzhen
		

		
			Contact Department:
		

		
			Person-in-charge of Contact Department:
		

		
			Address of Contact Department:
		

		
			Party B: Shenzhen Fenqile Network Technology Co., Ltd.
		

		
			Legal Representative: Xiao Wenjie
		

		
			Address: 23-27/F, CES Tower, No. 3099 Keyuan South Road, Yuehai Sub-district, Nanshan District, Shenzhen
		

		
			Contact Department: Policy Development Department
		

		
			Person-in-charge of Contact Department: Huang Jianbin
		

		
			Address of Contact Department: 27/F, CES Tower, No. 3099 Keyuan South Road, Yuehai Sub-district, Nanshan District, Shenzhen
		

		
			
		

		
			

		 

		

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			The  Industrial Development Supervision Agreement for Headquarters Project (this “Agreement”) is made between Party A and Party B in accordance with the Administrative Measures of Shenzhen Municipality for the Selection of and Land Supply for Headquarters Projects  (Shen Fu Gui [2018] No. 1, hereinafter the “Administrative Measures”), the Implementing Measures of Shenzhen Municipality for Encouraging the Development of Headquarters Enterprises(Shen Fu Gui [2017] No. 7, hereinafter the “the Implementing Measures”) and the published Plan of the Development and Reform Bureau of Nanshan District for the Selection of New Consumption E-Commerce Headquarters Projects to ensure the supply of land for the development of headquarters projects in Shenzhen and effectively implement the Announcement of Shenzhen Municipality on the Grant of Land Use Rights (Shen Tu Jiao Gao (2020) No. 3):
		

		
			I.        Basic Information of the Land Plot
		

		
			Land plot No.: T107-0088
		

		
			Location: Yue Hai Sub-district, Nanshan District
		

		
			Purpose: Commercial land
		

		
			Gross land Area: 2,911.25 square meters
		

		
			Gross floor Area: 46,700 square meters
		

		
			Project name: New consumption E-commerce headquarters project
		

		
			Term of use (the “Land Grant Period”):  30 years
		

		
			II.       Rights and Obligations of Party A
		

		
			(I)       Party A shall provide guidance services for Party B’s headquarters project on the land plot (the “Land Plot”) to the extent permitted by laws and regulations and pursuant to Shenzhen’s industrial development strategies and economic policies on headquarters.
		

		
			(II)     Party A shall conduct assessment and supervision of Party B throughout the Land Grant Period by inspecting Party B’s performance of the provisions of this Agreement within one year after the expiry of the commitment period stipulated hereunder, every five years after the expiry of such commitment period, and within one year prior to the expiry of the Land Grant Period. If Party B fails to meet its commitments  hereunder and the relevant provisions hereof, Party A may hold Party B liable for breach of
		

		
			
		

		
			

		 

		

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			contract hereunder. Party A may lawfully engage a relevant professional organization to exercise rights or perform obligations hereunder on its behalf.
		

		
			III.     Rights and Obligations of Party B
		

		
			(I)       Party B shall, in accordance with the Administrative Measures and the Implementing Measures, fully perform its commitment hereunder and the relevant provisions hereof as schedule to actively proceed with the investment and development of its headquarters project.
		

		
			(II)     The Land Plot acquired by Party B through competitive bidding shall be used only for the development of any new consumption e-commerce headquarters project.
		

		
			(III)    Party B’s commitments:
		

		
			1.      Output value (operating revenue): Within the five years from the calendar year in which Party B applies for the selection of its headquarters project, i.e., from January 1, 2019 to December 31, 2023, Party B’s aggregate output value (operating revenue) included in Shenzhen’s statistics shall not be less than RMB 74.5 billion.
		

		
			2.      Contribution to the local fiscal resources: Within the five years from the calendar year in which Party B applies for the selection of its headquarters project, i.e., from January 1, 2019 to December 31, 2023, Party B’s aggregate contribution to the local fiscal resources in Shenzhen shall not be less than RMB 892 million.
		

		
			(IV)    Restrictions on the paid-up registered capital: During the Land Grant Period, Party B’s paid-up registered capital shall not be less than RMB 450 million.
		

		
			(V)     Restrictions on transfer or lease: After the completion of Party B’s new consumption e-commerce headquarters project (the “Project”),  60% of the gross floor area of the Project (hereinafter the “Self-Use Part of the Buildings”) shall not be transferred or leased throughout the Land Grant Period. The remaining part of the Project, i.e., the Non-Self-Use Part of the Buildings, is permitted to be leased or sold, at least 50% of which shall be used for offices. The non-self-use offices as policy-based preferential commercial offices may be sold or leased by the grantee of the Land Plot  (Party B)  to enterprises designated by the government of Nanshan District at a price or rent up to 70% of the market valuation of their price or rent at the time of Party B’s application for the sale or lease thereof and under the industrial supervision of the government of Nanshan District. Upon the expiry of the five-year commitment period, the Non-Self-
		

		
			
		

		
			

		 

		

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			Use Part of the Buildings other than the offices may be transferred only if Party B passes the assessment of the performance of this Agreement.  The area and layout/location of offices in the Self-Use Part of the Buildings  and the Non-Self-Use Part of the Buildings shall be relatively concentrated, and the specific layout/location of such offices shall be specified by Party A at the time of Party B’s application for the development of the Project. The auxiliary business apartments of the Project (if any)  shall not be transferred throughout the Land Grant Period.
		

		
			(VI)    Restrictions on change in equity interests:  Throughout the Land Grant Period, Party B shall not transfer the right to use the Land Plot (the “Land Use Right”) and any buildings, structures and their ancillary facilities on the Land Plot in a disguised manner through the transfer of its equity interests. No change in Party B’s controlling shareholders or actual controllers shall be made without the prior consent of Party A and the competent authority for land administration.
		

		
			(VII)  Restrictions on creation of mortgage: Party B’s Land Use Right and buildings  on the Land Plot are permitted to be mortgaged, provided that the value of the mortgage on the Land Plot and the buildings shall not exceed the sum of the residual price of the Land Plot and the residual value of the buildings.
		

		
			(VIII) Enforcement: If the Land Use Right is auctioned or sold by a people’s court in enforcement proceedings, a sub-grantee shall succeed to the responsibilities and obligations of the grantee of the Land Plot (Party B) under the Land Use Right Grant Contract and this Agreement and be subject to the same conditions for the use of the Land Plot as specified under the Land Use Right Grant Contract. If there is no eligible sub-grantee in the enforcement proceedings of the people’s court, Party B’s Land Use Right and buildings (structures) on the Land Plot will be bought back by the government.
		

		
			(IX)    Party B shall truthfully provide materials as required by Party A and cooperate with Party A in verifying, in accordance with this Agreement and the Administrative Measures, Party B’s paid-up registered capital, output value (operating revenue), contribution to the local fiscal resources, and transfer or lease of the Non-Self-Use Part of the Buildings, etc.
		

		
			(X)     After the Land Plot is granted to Party B, Party B’s place of registration and place of statistical relation shall not be transferred to any place other than Nanshan District, Shenzhen.
		

		
			
		

		
			

		 

		

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			IV.     Performance Assessment and Liabilities for Breach of Contract
		

		
			(I)       Performance assessment and general liabilities for breach of contract:
		

		
			Party A shall arrange relevant authorities to assess and supervise Party B and inspect Party B’s performance hereof throughout the Land Grant Period in accordance with this Agreement and the Administrative Measures. If Party B fails to pass the assessment of the performance hereof upon Party A’s inspection, Party A may hold Party B liable for breach of contract under this Agreement and the Administrative Measures, include Party B and its affiliates and legal representative in the blacklist of defaulters, submit their names to the municipal public information management system, and impose any joint punishment on them with relevant functional authorities in accordance with laws and regulations. During the period of such joint punishment, they will be mainly subject to restrictions on participation in government procurement, construction project bidding, government subsidy programs, city renewal, and land auction, etc. as defaulters.
		

		
			(II)     Liabilities for breach of contract arising from the violation of the provision hereof on the paid-up registered capital
		

		
			If Party A finds upon inspection during the Land Grant Period that Party B’s paid-up registered capital fails to meet the requirement of Clause III (IV) hereof, Party A may require Party B to replenish the paid-up registered capital within a specified time limit; otherwise, Party A may demand from Party B liquidated damages equal to 1% of the land grant premium of the Land Plot.
		

		
			(III)    Liabilities for breach of contract arising from the violation of the output value (operating revenue) commitment
		

		
			If, when the commitment period expires, Party A finds upon inspection that Party B’s aggregate output value (operating revenue) actually included in Shenzhen’s statistics fails to reach the value committed under Item 1 of Clause III (III) hereof, Party A may demand from Party B liquidated damages equal to 1% of the land grant premium of the Land Plot.
		

		
			(IV)    Liabilities for breach of contract arising from the violation of the provision hereof on property transfer and lease
		

		
			If Party A finds upon inspection during the Land Grant Period that Party B leases any property under the Project in breach of Clause III (V) hereof, Party A may demand
		

		
			
		

		
			

		 

		

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			from Party B liquidated damages equal to two times the market rent of the property so leased by Party B. If Party B transfers the property under the Project in breach of Clause III (V) hereof, Party A may apply for the termination of the Land Use Right Grant Contract to the competent authority for land administration, in which case, the Land Use Right will be taken back without consideration, and a  compensation equal to the residual value of any buildings (structures) and their ancillary facilities on the Land Plot will be paid to Party B.
		

		
			(V)     Liabilities for breach of contract arising from the violation of the provision hereof on the contribution to the local fiscal resources
		

		
			1.      If, when the commitment period expires, Party A finds upon inspection that Party B’s actual average annual contribution to the local fiscal resources during the commitment period meets the requirements of Article 3 (1) of the Implementing Measures, but fails to reach the average annual level of the contribution committed under this Agreement, Party B shall be held liable for breach of contract as follows:
		

		
			(1)    If Party B’s actual average annual contribution to the local fiscal resources reaches 70% or more of the committed average annual contribution to the local fiscal resources, but not 100% thereof,  Party B shall pay Party A liquidated damages which shall be calculated as follows: the liquidated damages= the committed aggregate contribution to the local fiscal resources during the commitment period - the actual contribution to the local fiscal resources during the commitment period. If Party B delays in paying the liquidated damages, interest will accrue on the liquidated damages at the interest rate of a bank loan with a term identical to the delayed period until the liquidated damages and interest thereon are paid in full.
		

		
			(2)    If Party B’s actual average annual contribution to the local fiscal resources reaches 50% or more of the committed average annual contribution to the local fiscal resources, but not 70% thereof,  Party B shall pay Party A liquidated damages which shall be calculated as follows: the liquidated damages= (the committed cumulative contribution to the local fiscal resources during the commitment period - the actual contribution to the local fiscal resources during the commitment period) x 2. If Party B delays in paying the liquidated damages, interest will accrue on the liquidated damages at the interest rate of a bank loan with a term identical to the delayed period until the liquidated damages and interest thereon are paid in full.
		

		
			
		

		
			

		 

		

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			(3)    If Party B’s actual average annual contribution to the local fiscal resources fails to reach 50% of its committed average annual contribution to the local fiscal resources, Party A may, in addition to demanding liquidated damages from Party B, buy back not less than 50% of the Self-Use-Part of the Buildings and all the Non-Self-Use Part of the Buildings at a price based on the cost price determined by the competent auditing authority. The liquidated damages shall be calculated as follows: the liquidated damages= (the committed cumulative contribution to the local fiscal resources during the commitment period - the actual contribution to the local fiscal resources during the commitment period) x 2.  If Party B delays in paying the liquidated damages, interest will accrue on the liquidated damages at the interest rate of a bank loan with a term identical to the delayed period until the liquidated damages and interest thereon are paid in full.
		

		
			2.      If, when the commitment period expires, Party A finds upon inspection that Party B’s actual average annual contribution to the local fiscal resources during the commitment period fails to meet the requirements of Article 3 (1) of the Implementing Measures, Party A may apply for the termination of the Land Use Right Grant Contract to the competent authority for land administration, in which case, the Land Use Right will be taken back without consideration, and a  compensation equal to the residual value of the Self- Use Part of the Buildings not transferred will be paid to Party B.
		

		
			3.      If, after the expiry of the commitment period, Party A finds upon inspection that Party B fails to meet the requirements of Article 3 (1) of the Implementing Measures within any assessment phase during the Land Grant Period (every five years upon the expiry of the commitment period), Party A may apply for the termination of the Land Use Right Grant Contract to the competent authority for land administration, in which case, the Land Use Right will be taken back without consideration, and a  compensation equal to the residual value of the Self-Use Part of the Buildings not transferred will be paid to Party B.
		

		
			(VI)    Liabilities for breach of contract arising from the violation of any restrictions on rights
		

		
			If Party A finds upon inspection during the Land Grant Period that Party B changes any of its controlling shareholders or actual controllers without permission or transfers its place of registration or place of statistical relation to any place other than Nanshan District in breach of this Agreement or the Administrative Measures, Party A may require Party B to make corrections within a specified time limit, and Party B shall pay Party A liquidated damages equal to 20% of the land grant premium of the Land Plot. If
		

		
			
		

		
			

		 

		

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			Party B refuses to make such corrections within the specified time limit, Party A may apply for the termination of the Land Use Right Grant Contract to the competent authority for land administration, in which case, the Land Use Right will be taken back without consideration, and no compensation will be made to Party B for any buildings and structures on the Land Plot.
		

		
			If Party A finds upon inspection during the Land Grant Period that Party B fails to comply with the restrictions on the creation of mortgage in accordance with this Agreement or the Administrative Measures, Party A may require Party B to make corrections within a specified time limit, and Party B shall pay liquidated damages equal to 20% of the land grant premium of the Land Plot. If Party B refuses to make such corrections, Party A may apply for the termination of the Land Use Right Grant Contract to the competent authority for land administration, in which case, the Land Use Right will be taken back without consideration, and no compensation will be made to Party B for any buildings and structures on the Land Plot.
		

		
			V.       Exit Mechanism
		

		
			(I)       Voluntary exit: If Party B terminates the investment and development of the Project due to any reason attributable to itself and submits an application to the grantor of the Land Use Right for the termination of the Land Use Right Grant Contract and the return of the Land Plot, the grantor of the Land Use Right shall, upon the approval of the people’s government that has originally approved the plan for the grant of the Land Plot, return a part of the grant price of the Land Use Right (without interest) in accordance with the following provisions, the government shall take back the Land Use Right, and compensation for any buildings and structures on the Land Plot shall be as specified in the Land Use Right Grant Contract:
		

		
			1.      If the application is submitted to the grantor after the construction commencement date agreed under the Land Use Right Grant Contract, but within one year of such date, the grant price of the Land Use Right paid for the remaining Land Grant Period shall be refunded to the holder of the Land Use Right (Party B);
		

		
			2.      If the application is submitted to the grantor after one year of the construction commencement date agreed under the Land Use Right Grant Contract, but within two years of such date, the grant price of the Land Use Right paid for the remaining Land Grant Period shall be refunded to the holder the Land Use Right (Party B) after an idle land fee is levied from the holder as required.
		

		
			
		

		
			

		 

		

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			If the people’s government that has originally approved the plan for the grant of the Land Plot disapproves the application, Party B shall continue with the performance of the Land Use Right Grant Contract. If Party B refuses to do so, the Land Use Right and any buildings, structures and their ancillary facilities on the Land Plot shall be taken back by the government without consideration.
		

		
			(II)     Enforced exit:  Upon the occurrence of any circumstance, as stipulated in laws and regulations, the Land Use Right Grant Contract, or this Agreement, where Party A is entitled to apply for the termination of the Land Use Right Grant Contract to the competent authority for land administration, Party B’s Land Use Right shall be taken back by the government without consideration, and compensation for any buildings and structures on the Land Plot shall be as specified in the Land Use Right Grant Contract.
		

		
			VI.     Miscellaneous
		

		
			(I)       In the event of any controversy over the meanings of certain terms herein during the performance hereof, Party A’s interpretation thereof shall prevail.
		

		
			(II)     The output value (operating revenue) and the contribution to local fiscal resources,  as referred to herein, shall be calculated based on those of Party B (including its branches) and its first-tier and second-tier subsidiaries registered in Shenzhen 50% or more of whose shares are controlled by Party B, and their shareholding relationship in each year shall be subject to the registration of shares as of December 31 of that year. If a company affiliated to Party B has acquired or applied for land for headquarters, the company’s output value (operating revenue) and contribution to the local fiscal resources which are included Shenzhen’s statistics will not be included in the statistics for Party B.
		

		
			(III)    The contribution to the local fiscal resources,  as referred to herein, means a portion of the enterprise income tax, value-added tax, municipal maintenance and construction tax, stamp tax, local education surcharge, education surcharge, property tax, urban land use tax, and construction fee for cultural undertakings paid by an enterprise to Shenzhen’s treasury, which is included in the local fiscal revenue.
		

		
			(IV)    The statistics of the output value (operating revenue) and contribution to local fiscal resources,  as referred to herein, shall be subject to the data provided by the competent statistical and taxation authorities in Shenzhen.
		

		
			
		

		
			

		 

		

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			VII.    Dispute Resolution
		

		
			Any dispute arising from the performance hereof shall be resolved by the Parties through negotiation. If the negotiation fails, either Party may initiate a lawsuit before a people’s court in the place where the Project is located.
		

		
			VIII.  Effectiveness
		

		
			(I)       This Agreement is made in five counterparts, which shall have equal legal effect. Party A shall hold two counterparts, Party B shall hold three counterparts, and the Parties shall respectively submit one counterpart to the competent authority for land administration.
		

		
			(II)     This Agreement shall become effective upon being signed and stamped by the Parties.
		

		
			(III)    Any matter not covered by this Agreement shall be resolved by the Parties through amicable negotiation.  The Parties may enter into a supplementary agreement to this Agreement, which shall have the same legal effect as this Agreement.
		

		
			
		

		
			

		 

		

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			(Execution Page)
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						Party A:

					
					
						The People’s Government of Nanshan District, Shenzhen

					
					
						Party B:

					
					
						Shenzhen Fenqile Network Technology Co., Ltd.

				
	
					
						(Seal)

					
					
						(Seal)

				
	
					
						Legal Representative (Authorized Representative)

					
					
						Legal Representative (Authorized Representative)

				
	
					
						Signature:

					
					
						/s/ HUANG Xiangyue

					
					
						Signature:

					
					
						/s/ XIAO Wenjie

				
	
					
						Date:

					
					
						February 25, 2020

					
					
						Date:

					
					
						February 25, 2020

				

		
			 
		

		 

		

			12lx_Ex4_34

		
			Exhibit 4.34
		

		
			Land Plot Code:  440305005007GB00180
		

		
			Land Plot No.: T107-0088
		

		
			Summary of Nanshan Land Usage Rights Purchase 
		

		
			Agreement
		

		
			Shen Di He Zi (2020) No. 8002
		

		
			I. Parties to this Contract:
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Grantor:

					
					
						Nanshan Office, Planning and Natural Resources Bureau of Shenzhen Municipality 

				
	
					
						 

					
					
						(“Party A”)

				
	
					
						 

					
					
						 

				
	
					
						Legal Representative:

					
					
						Yan Jinzhong

					
					
						Title:

					
					
						Director

				
	
					
						 

					
					
						 

				
	
					
						Address:

					
					
						No.10138 Shennan Avenue, Nanshan District, Shenzhen

				
	
					
						 

					
					
						 

				
	
					
						Tel.:

					
					
						26978183

				
	
					
						 

					
					
						 

				
	
					
						Grantee:

					
					
						Shenzhen Fenqile Network Technology Co., Ltd.

				
	
					
						 

					
					
						(“Party B”)

				
	
					
						 

					
					
						 

				
	
					
						Legal Representative:

					
					
						Xiao Wenjie

					
					
						Title:

					
					
						General Manager

				
	
					
						 

					
					
						 

				
	
					
						Address:

					
					
						No. 3099 Keyuan South Road, Yuehai Sub-district, Nanshan District, Shenzhen

				
	
					
						 

					
					
						 

				
	
					
						Tel.:

					
					
						 

				

		
			 
		

		
			
		

		
			

		 

		

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			III.      Party A shall grant Party B the right to use a land plot (the “Land Plot”) owned by the State. Natural resources and buried things beneath the Land Plot shall not be within the scope of the Land Use Right so granted.
		

		
			IV.      On the date of this Contract, Party A grants Party B the right to use the Land Plot numbered T107-0088 (the “Land Use Right”), with  a land area of 2,911.25 square meters (see the area marked in red lines in the Land Plot Plan), and Party B has no challenge to the status quo of the Land Plot. After the execution of this Contract, the Land Plot shall be deemed to have been granted by Party A to Party B.
		

		
			The specific property title requirements for the Land Plot shall be subject to the subsequent provisions of this Contract.
		

		
			V.       The term of use for the Land Plot (the “Land Grant Period”) shall be thirty (30) years starting from February 26, 2020 to February 25, 2050.
		

		
			VI.      The total grant price of the Land Use Right (the “Total Grant Price”) is RMB one billion thirty-two million (RMB1,032,000,000),  including RMB one hundred and fifty-four million, eight hundred thousand (RMB154,800,000) as the land grant premium, RMB three hundred and forty-nine thousand, three hundred and fifty (RMB349,350) as the land development fee, and RMB eight hundred and seventy-six million, eight hundred and fifty thousand, six hundred and fifty (RMB 876,850,650) as the municipal facilities fee.
		

		
			VII.    The Land Plot shall be used for commercial purposes.
		

		
			VIII.   The Land Plot, by its nature, belongs to the category of commodity housing land.
		

		
			IX.      Requirements for the use of the Land Plot:
		

		
			(I)       Floor area ratio: ≤ 16.04;
		

		
			(II)      The gross floor area included in the calculation of the floor area ratio shall not be more than 46,700 square meters, including 43,300 square meters for offices, 2,000 square meters for commercial premises, 1,300 square meters for canteens, and 100 square meters for property management rooms.
		

		
			The spaces used for underground garages, equipment rooms, public traffic, and other purposes shall not be included in the calculation of the floor area ratio.
		

		
			
		

		
			

		 

		

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			(VI)    After the completion of any project on the Land Plot, Party B shall meet the following property title requirements:
		

		
			The offices of 26,620 square meters and the canteens of 1,300 square meters shall not be transferred; the offices of 16,680 square meters may be partitioned and transferred through sale or lease by the Grantee (Party B) as policy-based preferential commercial offices to enterprises designated by the government of Nanshan District at a price or rent up to 70% of the market valuation of their price or rent at the time of Party B’s application for such sale or lease thereof and under the industrial supervision of the government of Nanshan District;  the commercial premises of 2,000 square meters may be partitioned and transferred upon the expiry of the five-year commitment period (i.e., from January 1, 2019 to December 31, 2023) if Party B passes the assessment of the performance of the Industrial Development Supervision Agreement; and the property management rooms of 100 square meters shall not be transferred and their ownership and handover shall be subject to the relevant provisions of the Property Management Regulation of Shenzhen Special Economic Zone.
		

		
			The spaces on or under the  Land Plot to be used in connection with the facilities of Metro Line 13 shall be used for such purpose only, and the title to such spaces shall be owned by the holder of the right to use the Metro Line 13 project.
		

		
			X.       Party B agrees to pay the Total Grant Price through the second method below:
		

		
			(I)       Lump-sum payment, i.e., the Total Grant Price shall be paid in full in a lump sum within five working days of the execution of this Contract.
		

		
			(II)      Payment in installments
		

		
			1.        50% of the Total Grant Price shall be paid in a lump sum within 15 working days of the execution of this Contract, i.e., RMB five hundred and sixteen million (RMB516,000,000).
		

		
			2.        The remaining 50% of the Total Grant Price shall be paid in a lump sum within one year of the execution of this Contract, i.e., RMB five hundred and sixteen million (RMB516,000,000).
		

		
			XI.      If Party B fails to pay the Total Grant Price within the period stipulated herein, Party B agrees that Party A may terminate this Contract and take back the Land Use Right without consideration. Party A will not refund the performance security deposit paid by
		

		
			
		

		
			

		 

		

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			Party B and may demand from Party B liquidated damages equal to 20% of the Total Grant Price.
		

		
			If Party B delays in using the Land Plot due to Party A’s fault, Party A shall be liable for any losses thus caused to Party B.
		

		
			XII.    In addition to the Total Grant Price payable to Party A, Party B shall pay the land use tax as required each year.
		

		
			XV.    If the Land Use Right is auctioned or sold by a people’s court in enforcement proceedings, the floor area which shall not be transferred hereunder shall be transferred only in its entirety to any sub-grantee who shall then pay the grant price of the Land Use Right in accordance with applicable regulations. The sub-grantee shall succeed to the responsibilities and obligations of the Grantee under this Contract and the Industrial Development Supervision Agreement and be subject to the same conditions for the use of the Land Plot as specified under this Contract. When performing the procedures for the registration of transfer of the Land Use Right, the sub-grantee shall submit the certificate of its eligibility for such transfer issued by the competent eligibility review authority. If there is no eligible sub-grantee in the enforcement proceedings of the people’s court, the government has the priority to buy back the Land Use Right and any buildings (structures) on the Land Plot.
		

		
			XVI.  If Party B fails to submit a renewal request as required or its renewal request fails to be approved when the Land Grant Period under this Contract expires, Party A shall take back  the Land Use Right without consideration and pay Party B a  compensation equal to the residual value of any buildings and other attachments on the Land Plot. Party B undertakes to hand over the Land Plot and any buildings and other attachments thereon to Party A by February 26, 2050 and to complete the procedures for deregistration of the Land Use Right and the titles to such buildings and other attachments within ten days upon the expiry of the Land Grant Period;  otherwise,  Party A will have the property title registration authority directly deregister the Land Use Right and such titles.
		

		
			If Party B wishes to continue with the use of the Land Plot, Party B may submit a renewal request within six months prior to the expiry of the Land Grant Period. After the renewal request is approved and a new grant period,  the grant premium and any other conditions for the Land Use Right are determined, Party B shall enter into a new land use right grant contract with Party A, pay the grant price of the Land Use Right, and complete the procedures for registration of the Land Use Right.
		

		
			
		

		
			

		 

		

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			XVII. If Party B terminates the investment and development of the Land Plot due to any reason attributable to itself and submits an application to Party A for the termination of this Contract and the return of the Land Plot, Party A shall, upon the approval of the people’s government that has originally approved the plan for the supply of the Land Plot, return a part of the grant price of the Land Use Right (without interest),  take back the Land Use Right, and make compensation for any buildings and structures on the Land Plot in accordance with the following provisions:
		

		
			(I)       If the application is submitted to Party A after the construction commencement date agreed under this Contract, but within one year of such date, the grant price of the Land Use Right paid for the remaining Land Grant Period shall be refunded to Party B.
		

		
			(II)      If the application is submitted to Party A after one year of the construction commencement date agreed under this Contract, but within two years of such date, the grant price of the Land Use Right paid for the remaining Land Grant Period shall be refunded to Party B after an idle land fee is levied from Party B as required.
		

		
			If the people’s government that has originally approved the plan for the supply of the Land Plot disapproves the application, Party B shall continue with the performance of this Contract. If Party B refuses to do so, the Land Use Right and any buildings, structures and their ancillary facilities on the Land Plot shall be taken back by the government without consideration.
		

		
			
		

		

		 

		

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						Party A: 

					
					
						Nanshan Office, Planning and Natural Resources Bureau of Shenzhen Municipality

				
	
					
						 

				
	
					
						(Seal)

					
					
						    

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Legal Representative:

					
					
						 

					
					
						YAN Jinzhong

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Authorized Agent:

					
					
						 

					
					
						/s/ ZHOU Qinghua

				

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						Party B: Shenzhen Fenqile Network Technology Co., Ltd.

				
	
					
						 

				
	
					
						(Seal)

					
					
						    

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Legal Representative:

					
					
						 

					
					
						/s/ XIAO Wenjie

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Authorized Agent:

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Date of Execution:

					
					
						 

					
					
						February 26, 2020

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Place of Execution:

					
					
						 

					
					
						No. 10138 Shennan Avenue, Nanshan District, Shenzhen

				

		
			 
		

		 

		

			6

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