Document:

Exhibit 10.4

 

Share Pledge Agreement

 

This Share Pledge Agreement (this “Agreement”)
has been executed by and among the following Parties on April 10, 2018 in Hangzhou:

 

		Party A:	Weidai
                                         Co., Ltd. (hereinafter “Pledgee”)

		Address:	Room A-B102-1102, No. 198 of Qidi Road, Xiaoshan Economic-technical Development Zone, Xiaoshan District, Hangzhou, Zhejiang
Province

 

		Party B:	Yao Hong (hereinafter “Pledgor”)

		ID Number:	***

 

		Party C:	Weidai (Hangzhou)
                                         Financial Information Service Ltd.

		Address:	Room 283, No. 22 Baiyun Road, Shangcheng District.

		Legal Representative:	Yao Hong

 

In this Agreement, each of Pledgee, Pledgor and Party C shall be
referred to as a “Party” respectively, and they shall be collectively referred to as the “Parties”.

 

Whereas,

 

1.           Pledgor is the citizen
of the People's Republic of China (“China”), and holds 60.11% of the equity interest in Party C. Party C is
a limited liability company registered in Hangzhou, China. Party C acknowledges the respective rights and obligations of Pledgor
and Pledgee under this Agreement, and agrees to provide any necessary assistance in registering the Pledge;

 

2.           Pledgee is a Wholly
Foreign Owned Enterprise registered in Hangzhou, China. Pledgee and Party C have executed an Exclusive Business Cooperation Agreement
on April 10, 2018 (the “Exclusive Business Cooperation Agreement”); Pledgee, Pledgor and Party C entered into
the Exclusive Call Option Contract on April 10, 2018 (the “Exclusive Call Option Contract”), and Pledgor executed
the Power of Attorney to authorize Pledgee on April 10, 2018 (the “Power of Attorney”; together with the Exclusive
Business Cooperation Agreement, the Exclusive Call Option Contract and this Contract, the “Control Agreements”).

 

3.           To
ensure that Pledgee collects all payments due by Party C, including without limitation the consulting and service fees regularly
from Party C, and guarantee the performance by Party C and Pledgor of other obligations under the Control Agreements, Pledgor hereby
pledge all of the equity interest he/she holds in Party C as security for the obligations under the Control Agreements.

 

		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 Pledgor to Pledgee pursuant to Article 2 of this
Agreement, i.e., the right of Pledgee to be compensated on a preferential basis with the conversion, auction or sales price of
the Equity Interest.

 

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

 

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

 

    	 	
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		1.4	“Contractual Obligations” shall mean all obligations of the Pledgor and Party C under the Exclusive Business
Cooperation Agreement, the Exclusive Call Option Contract, the Power of Attorney and this Contract (including, without limitation,
the obligation to pay consulting and service fees to the Pledgee when they fall due and payable (whether on the specified due date,
by early repayment or otherwise) in accordance with the Exclusive Business Cooperation Agreement).

 

		1.5	“Secured Indebtedness” shall mean all direct, indirect and consequential losses and loss of foreseeable
profits suffered by the Pledgee due to any Event of Default of the Pledgor and/or Party C. The basis for the amounts of such losses
includes, but is not limited to, reasonable business plans and profit forecasts of the Pledgee, and all costs incurred by the Pledgee
in connection with its enforcement of the Contractual Obligations against the Pledgor and/or Party C.

 

		1.6	“Event of Default” shall refer to any of the circumstances set forth in Article 7 of this Agreement.

 

		1.7	“Notice of Default” shall refer to the notice issued by Pledgee in accordance with this Agreement declaring
an Event of Default.

 

		2.	The Pledge

 

		2.1	As collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration
or otherwise) of any or all the payments due by Party C, including without limitation the consulting and services fees payable
to the Pledgee under the Exclusive Business Cooperation Agreement (collectively, the “Secured Obligations”),
Pledgor hereby pledges to Pledgee a first security interest in the 60.11% Equity Interest of Party C owned by the Pledgor (including
the 60.11% registered capital (amount of capital contribution) currently owned by the Pledgor and all relevant equity interest,
as well as other registered capital (amount of capital contribution) and all relevant equity interest, which may be obtained by
the Pledgor in the future).

 

		2.2	The Parties understand and agree that the monetary valuation arising from, relating to or in connection with the Secured Obligations
shall be a variable and floating valuation until the Settlement Date (as defined below).

 

		2.3	Upon the occurrence of any of the events below (each an “Event of Settlement”), the Secured Obligations
shall be fixed at a value of the sum of all Secured Obligations that are due, outstanding and payable to the Pledgee on or immediately
prior to the date of such occurrence (the “Fixed Obligations”):

 

		(a)	any other Control Agreement expires or is terminated pursuant to the stipulations thereunder;

 

		(b)	the occurrence of an Event of Default pursuant to Section 7 that is not resolved, which results in the Pledgee serving a Notice
of Default to the Pledgor pursuant to Section 7.3;

 

		(c)	the Pledgee reasonably determines (having made due enquiries) that the Pledgor and/or Party C is insolvent or could potentially
be made insolvent; or

 

		(d)	any other event that requires the settlement of the Secured Obligations in accordance with relevant laws of the PRC.

 

    	 	
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		2.4	For the avoidance of doubt, the day of the occurrence of an Event of Settlement shall be the settlement date (the “Settlement
Date”). On or after the Settlement Date, the Pledgee shall be entitled, at the election of the Pledgee, to enforce the
Pledge in accordance with Section 8.

 

		2.5	The Pledgee is entitled to collect dividends or other distributions, if any, arising from the Equity Interest during the Term
of the Pledge (as defined below).

 

		2.6	The Pledgor may increase the capital of Party C only with the prior written consent of the Pledgee. Any increase in the capital
contributed by the Pledgor to the registered capital of Party C as a result of any capital increase shall also be deemed as the
Equity Interest pledged hereunder.

 

		2.7	If Party C is required to be dissolved or liquidated in accordance with the mandatory provisions of the laws of the PRC, after
Party C completes dissolution or liquidation procedures in accordance with law, any interests distributed to the Pledgor by Party
C in accordance with law shall be, as requested by the Pledgee, (1) deposited into an account designated by the Pledgee, placed
under the custody of the Pledgee, used to provide security for the Contractual Obligations and first applied towards the satisfaction
of the Secured Indebtedness; or (2) unconditionally donated to the Pledgee or the person designated by the Pledgee subject to the
laws of the PRC.

 

		3.	Term of Pledge

 

		3.1	The Pledge shall become effective as of the date when the pledge of the Equity Interest is registered with the local administration
of industry and commerce (the “Registration Authority”). The Term of the Pledge (the “Term of Pledge
Authority”) shall end when the Contractual Obligations and the Secured Indebtedness secured by the Pledge are paid or
fully fulfilled. The Parties agree that, promptly after the execution of this Agreement (but in no event later than 20 days from
the execution date of this Agreement), Pledgor and Party A shall submit their application for pledge registration to the Registration
Authority in accordance with the Measures on Share Pledge Registration with the Administration of Industry and Commerce.
The Parties also agree that within fifteen (15) days as of the Registration Authority officially commences the acceptance of equity
pledge application, Pledgor and Party C shall complete the pledge registration procedure, obtain the pledge registration notice
and completely and accurately register the Pledge of Equity Interest on the Pledge Registration Book of the Registration Authority.
The Parties jointly acknowledge that, for the purpose of completing equity pledge registration formalities, the Parties shall submit
this Contract or an equity pledge contract which is executed in the form requested by the administrative authority for industry
and commerce in the locality of Party C and truly reflects the information regarding the Pledge hereunder (the “Pledge
Contract for Industrial and Commercial Registration”) to the administrative authority for industry and commerce. This
Contract shall apply to the matters not mentioned in the Pledge Contract for Industrial and Commercial Registration.

 

		3.2	During the Term of Pledge, in the event Party C fails to perform the Contractual Obligations or repay the Secured Indebtedness,
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, Pledgor shall deliver to Pledgee's custody the capital contribution
certificate for the Equity Interest and the shareholders' register containing the Pledge (and other documents reasonably requested
by the Pledgee, including without limitation the notice of registration of the Pledge issued by relevant administration of industry
and commerce) within one week from the date the Pledge is registered. Pledgee shall have custody of such items during the entire
Term of Pledge set forth in this Agreement.

 

    	 	
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		5.	Representations and Warranties of Pledgor and Party C

 

The Pledgor Represent and Warrant to the Pledgee
that:

 

		5.1	Pledgor is the sole legal and beneficial owners of the Equity Interest. Except for being subject to other agreements entered
into by the Pledgor and the Pledgee, the Pledgor enjoys legal and complete ownership 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, Pledgor has not placed any security interest or other encumbrance on the Equity Interest. There are
no controversies over the ownership of the Equity Interest. The Equity Interest is not seized or subject to any other legal proceedings
or similar threats, and is good for transfer and pledging according to applicable laws.

 

		5.4	The Pledgor's execution of this Agreement and exercise of its rights under this Agreement (or fulfillment of its obligations
under this Agreement) will not breach any laws, regulations, and agreements or contracts to which the Pledgor is a party, or any
promise the Pledgor has made to any third parties.

 

		5.5	All documents, materials, statements and certificates provided by the Pledgor to the Pledgee are accurate, true, complete and
valid.

 

Party C Represent and Warrant
to the Pledgee that:

 

		5.6	Party C is a limited liability company registered under the laws of China and legally exists. Party C has the qualification
of an independent legal person, enjoys complete and independent legal status and the legal capacity to sign, deliver and fulfill
this Agreement.

 

		5.7	Upon due execution of Party C, this Agreement constitute legal, effective and binding obligation on Party C.

 

		5.8	Party C has the complete internal right and authorization to sign and deliver this Agreement and all other documents relating
to the transactions contemplated under this Agreement. Party C has the complete right and authorization to complete the transactions
contemplated under this Agreement.

 

		5.9	Regarding the assets owned by Party C, there are not any guarantee interests or any other encumbrance on property rights that
are substantial and may impact the Pledgee's right and interests in the Equity Interest (including without limitation transfer
of any of Party C's intellectual properties or any assets with an a value equaling or over RMB 100,000, or any encumbrance on the
ownership or right to use of such assets).

 

		5.10	Without the prior written consent of Party A, they shall not incur, inherit, guarantee or suffer the existence of any debt,
except for (i) debts incurred in the ordinary course of business other than through loans; and (ii) debts disclosed to Party A
for which Party A's written consent has been obtained;

 

    	 	
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		5.11	They shall always operate all of Party C's businesses during the ordinary course of business to maintain the asset value of
Party C and refrain from any action/omission that may affect Party C's operating status and asset value;

 

		5.12	In any court or arbitration tribunal, there are no pending (or, as far as Party knows, threatening) litigation, arbitration
or other legal proceedings against the Equity Interest, Party C or its assets, and in any governmental agencies or departments,
there are no pending (or, as far as Party knows, threatening) administrative proceedings or penalties against the Equity Interest,
Party C or its assets, which may substantially and adversely impact Party C's economic condition or the Pledgor's ability to fulfill
their obligations and guarantee liabilities under this Agreement.

 

		5.13	Party C hereby agrees that it is jointly and severally liable to the Pledgee for all representations and warranties made by
any and all of the Pledgor under this Agreement.

 

		5.14	Party C hereby warrants to the Pledgee that, at any time and under any circumstances prior to complete fulfillment of the obligations
under this Agreement or the secured debts being fully repaid, the aforementioned representations and warranties are true and accurate
and will be fully complied with.

 

		6.	Covenants and Further Agreements of Pledgor

 

The covenants and further agreements of the Pledgor
are set forth below.

 

		6.1	Pledgor hereby covenants to the Pledgee, that during the term of this Agreement, Pledgor shall:

 

		6.1.1	not transfer (or agree to others' transfer of) all or any part of the Equity Interest, place or permit the existence of any
security interest or other encumbrance that may affect the Pledgee's rights and interests in the Equity Interest, without the prior
written consent of Pledgee, except for the performance of the Exclusive Option Agreement executed by Pledgor, Pledgee and Party
C on April 10, 2018;

 

		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 (or any other relevant parties) 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 Pledgor 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 Pledgor that may have an impact on any guarantees and
other obligations of Pledgor arising out of this Agreement.

 

		6.2	Pledgor agrees that the rights acquired by Pledgee in accordance with this Agreement with respect to the Pledge shall not be
interrupted or harmed by Pledgor or any heirs or representatives of Pledgor or any other persons through any legal proceedings.

 

		6.3	To protect or perfect the security interest granted by this Agreement, Pledgor hereby undertakes 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. Pledgor also undertakes 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/legal
persons). Pledgor undertakes to provide Pledgee within a reasonable time with all notices, orders and decisions regarding the Pledge
that are required by Pledgee.

 

    	 	
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                                         Pledge Agreement
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		6.4	Pledgor hereby undertakes 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,
Pledgor shall indemnify Pledgee for all losses resulting therefrom.

 

		6.5	If the Equity Interest pledged under this Agreement is, for any reason, subject to mandatory measures imposed by the court
of law or other governmental departments, the Pledgor shall try their best to release such mandatory measures imposed by the court
of law or other governmental departments, including without limitation providing to the court of law other kinds of security or
other measures.

 

		6.6	If there is a possibility that the value of the Equity Interest will be decreased and such decrease is sufficient to harm the
rights and interests of the Pledgee, the Pledgee may request the Pledgor to provide additional collateral or security. If the Pledgor
refuses to provide such security, the Pledgee may, at any time, sell the Equity Interest or put it up for auction, and use the
monies obtained from such sale or auction to settle the secured obligations in advance or put such monies under custody; all expenses
therefore occurred shall be borne by the Pledgor.

 

		6.7	Without the prior written consent from the Pledgee, the Pledgor and/or Party C shall not (by themselves or assisting others
to) increase, decrease or transfer the registered capital of Party C (or their capital contribution to Party C) or impose any encumbrances
on it, including the Equity Interest. Subject to the forgoing provision, any Equity Interest which is registered and obtained by
the Pledgor subsequent to the date of this Agreement shall be called "Additional Equity Interest". The Pledgor and Party
C shall, immediately after the Pledgor obtains the Additional Equity Interest, enter with the Pledgee supplemental share pledge
agreement for the Additional Equity Interest, make the board of directors and shareholders meeting of Party C approve the supplemental
share pledge agreement, and deliver to the Pledgee all documents necessary for the supplemental share pledge agreement, including
without limitation (a) the original certificate issued by Party C about shareholders' capital contribution relating to the Additional
Equity Interest; and (b) the verified photocopy of the capital contribution verification report (issued by certified public accountant
in China) regarding the Additional Equity Interest. The Pledgor and Party C shall, according to Article 3.1 of this Agreement,
handle the pledge registration procedures relating to the Additional Equity Interest.

 

		6.8	Unless otherwise instructed by the Pledgee in writing, the Pledgor and/or Party C agree that, if part of or all of the Equity
Interest is transferred between the Pledgor and any third parties in violation of this Agreement ("Transferee of the Equity
Interest"), then the Pledgor and/or Party C shall ensure that the Transferee or the Equity Interest will unconditionally recognize
the Pledge and follow necessary procedures for modification of the registration of the Pledge (including without limitation signing
relevant documents) so as to ensure the continued existence of the Pledge.

 

		6.9	If the Pledgee provides to Party C loan of monies, the Pledgor and/or the Party C agree to pledge the Equity Interest to the
Pledgee for security of such additional loan of monies, and to follow procedures as soon as possible according to relevant laws,
regulations or local practice (if any), including without limitation executing relevant documents and completing registration procedures
for setting up (or modification) of a pledge.

 

    	 	
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The covenants and further agreements
of Party C are set forth below.

 

		6.10	If, for the execution of this Agreement and Pledge under this Agreement, it is necessary to obtain any third party consent,
approval, waiver or authorization, any governmental approval, license or waiver, or complete registration procedures in any governmental
departments (as required by the law), then Party C will try its best to assist in obtainning the same and cause it to remain in
effect during the term of this Agreement.

 

		6.11	Without prior written consent of the Pledgee, Party C will not provide any person with any loan or credit or guarantee in any
form; assist or allow the Pledgor to set up any new pledges or grant other security over the Equity Interest, nor will Party C
assist or allow the Pledgor to transfer the Equity Interest.

 

		6.12	Party C agrees to, jointly with the Pledgor, strictly comply with Article 6.7, Article 6.8 and Article 6.9 of this Agreement.

 

		6.13	Without prior written consent of the Pledgee, Party C shall not transfer its assets or set up (or allow the existence of) any
security or encumbrances on property rights that may affect the Pledgee's rights and interests in the Equity Interest (including
without limitation transfer of any of Party C's intellectual properties or any assets with an a value equaling or over RMB 100,000,
or any encumbrance on the ownership or right to use of such assets).

 

		6.14	Where there are any litigations, arbitrations or any other claims, which may adversely impact party C, the Equity Interest,
or the Pledgee's interests under the Control Agreements, Party C shall, as soon as possible, send timely notice to the Pledgee
and according to reasonable requests of the Pledgee take all necessary measures to protect the Pledgee's interests in the Equity
Interest.

 

		6.15	Party C shall not conduct or allow any acts or actions that may adversely impact the Equity Interest or Pledgee's interest
under the Control Agreements.

 

		6.16	Party C shall, during the first month of each quarter, provide to the Pledgee its financial statements for the preceding quarter,
including without limitation its balance sheets, profit statements and cash flow statements.

 

		6.17	Party C shall, pursuant to the Pledgee's reasonable requests, take all necessary measures and sign all necessary documents
so as to ensure and protect the Pledgee's rights over the Equity Interest and realization of them.

 

		6.18	If the exercise of the Pledge under this Agreement results to any transfer of the Equity Interest, Party C agrees and warrants
that it will take all measures to effect such transfer.

 

		6.19	Party B shall ensure and cause the other shareholders of Party C to ensure that Party C will complete the operation term extension
registration formalities within three (3) months prior to the expiration of its operation term so that the validity of this Contract
shall be maintained.

 

		7.	Event of Default

 

		7.1	The following circumstances shall be deemed Event of Default:

 

		7.1.1	Party C fails to pay in full any of the consulting and service fees payable under the Exclusive Business Cooperation Agreement,
or fail to repay its loan or breaches any other obligations of Party C under the Control Agreements;

 

    	 	
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		7.1.2	Any representation or warranty by Pledgor in Article 5 of this Agreement contains material misrepresentations or errors, and/or
Pledgor violates any of the warranties in Article 5 of this Agreement;

 

		7.1.3	Pledgor and Party C fail to complete the registration of the Pledge with Registration Authority;

 

		7.1.4	Pledgor and Party C breach any provisions of this Agreement;

 

		7.1.5	Except as expressly stipulated in Section 6.1.1, Pledgor transfers or purports to transfer or abandons the Equity Interest
pledged or assigns the Equity Interest pledged without the written consent of Pledgee;

 

		7.1.6	Any of Pledgor's own loans, guarantees, indemnifications, promises or other debt liabilities to any third party or parties
(1) become subject to a demand of early repayment or performance due to default on the part of Pledgor; or (2) become due but are
not capable of being repaid or performed in a timely manner;

 

		7.1.7	Any approval, license, permit or authorization of government agencies that makes this Agreement enforceable, legal and effective
is withdrawn, terminated, invalidated or substantively changed;

 

		7.1.8	The promulgation of applicable laws renders this Agreement illegal or renders it impossible for Pledgor to continue to perform
its obligations under this Agreement;

 

		7.1.9	Adverse changes in properties owned by Pledgor, which lead Pledgee to believe that that Pledgor's ability to perform its obligations
under this Agreement has been affected;

 

		7.1.10	The successor or custodian of Party C is capable of only partially performing or refuses to perform the payment obligations
under the Exclusive Business Cooperation Agreement; and

 

		7.1.11	Any other circumstances occur where Pledgee is or may become unable to exercise its right with respect to the Pledge.

 

		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, Pledgor 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 thirty
(30) days of the Pledgee’s notice, Pledgee may issue a Notice of Default to Pledgor in writing upon the occurrence of the
Event of Default or at any time thereafter and demand that Pledgor immediately pays all outstanding payments due under the Control
Agreements, and/or repays loans and all other payments due to Pledgee, and/or disposes of the Pledge in accordance with the provisions
of Article 8 of this Agreement.

 

		8.	Exercise of Pledge

 

		8.1	Pledgor shall not assign the Pledge or the Equity Interest in Party C without the Pledgee's written consent.

 

		8.2	Pledgee may issue a Notice of Default to Pledgor when exercising the Pledge.

 

    	 	
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		8.3	Subject to the provisions of Section 7.3, Pledgee may exercise the right to enforce the Pledge concurrently with the issuance
of the Notice of Default in accordance with Section 7.2 or at any time after the issuance of the Notice of Default. Once Pledgee
elects to enforce the Pledge, Pledgor shall cease to be entitled to any rights or interests associated with the Equity Interest.

 

		8.4	In the event of default, to the extent permitted, Pledgee is entitled to take possession of the Equity Interest pledged hereunder
and to dispose of the Equity Interest pledged and exercise all of its remedies and rights for breach of contract in accordance
with law; if, after satisfying all obligations secured, there is any balance in the monies collected by the Pledgee by enforcing
the Pledge, then such balance shall be, without calculation of interests, paid to the Pledgor or other parties entitled to receive
such balance. The Pledgee shall not be liable for any loss caused by its reasonable exercise of its remedies and rights for breach
of contract. The Pledgee shall have the right, at its option, to exercise any of its remedies for breach of contract simultaneously
or successively. The Pledgee shall not be required to exercise other remedies for breach of contract before its exercise of the
right to be repaid in priority out of the proceeds from the conversion, auction or sale of the Equity Interest pledged hereunder.

 

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

 

		8.6	Unless otherwise provided by the law, all expenses, tax, charges and all legal fees relating to the establishment of the Pledge
and enforcement of it shall be borne by the Pledgor.

 

		9.	Assignment

 

		9.1	Without Pledgee's prior written consent, Pledgor shall not have the right to assign or delegate its rights and obligations
under this Agreement.

 

		9.2	This Agreement shall be binding on Pledgor 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 Exclusive 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 Exclusive
Business Cooperation Agreement, upon Pledgee's request, Pledgor 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, Pledgor shall, at the request of Pledgee, execute a new pledge agreement
with the new pledgee on the same terms and conditions as this Agreement.

 

		9.5	Pledgor 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 Pledgor with respect to the Equity Interest pledged hereunder shall not be exercised by Pledgor
except in accordance with the written instructions of Pledgee.

 

    	 	
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		10.	Termination

 

Upon the full performance and payment of the
consulting and service fees under the Exclusive Business Cooperation Agreement and upon termination of Party C's obligations under
the Control Agreements, this Agreement shall be terminated, and Pledgee shall then cancel or terminate this Agreement as soon as
reasonably practicable.

 

Unless otherwise provided by laws, in no event
shall the Pledgor or Party C have the right to terminate or rescind this Contract.

 

		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. If Applicable Laws requires that Pledgee should bear some related taxes and fees, Pledgor shall cause Party
C to fully repay Pledgee the paid taxes and fees.

 

		12.	Confidentiality

 

The Parties acknowledge that any oral or written
information exchanged among them with respect to this Agreement is confidential information. Each Party shall maintain the confidentiality
of all such information, and without obtaining the written consent of other Parties, it shall not disclose any relevant information
to any third parties, except in the following circumstances: (a) such information is or will be in the public domain (provided
that this is not the result of a public disclosure by the receiving party); (b) information disclosed as required by applicable
laws or rules or regulations of any stock exchange; or (c) information required to be disclosed by any Party to its legal counsel
or financial advisor regarding the transaction contemplated hereunder, and such legal counsel or financial advisor are also bound
by confidentiality duties similar to the duties in this section. Disclosure of any confidential information by the staff members
or agency 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.

 

		13.	Governing Law and Resolution of Disputes

 

		13.1	The execution, effectiveness, construction, performance, 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.

 

		13.2	In the event of any dispute with respect to the construction and performance of the provisions of this Agreement, the Parties
shall negotiate in good faith to resolve the dispute. In the event the Parties fail to reach an agreement on the resolution of
such a dispute within 30 days after any Party's request for resolution of the dispute through negotiations, any Party may submit
the relevant dispute to the China International Economic and Trade Arbitration Commission (“CIETAC”) for arbitration,
in accordance with its then effective arbitration rules. The arbitration shall be conducted in Beijing, and the language used during
arbitration shall be Chinese. The arbitration ruling 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 email. The dates on which notices shall be deemed
to have been effectively given shall be determined as follows:

 

    	 	
 Share Pledge Agreement
	10

     

    

 

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

 

		14.1.2	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).

 

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

 

		Party A:	Weidai Co., Ltd.

		Address:	50/F, Fortune Financial Center, No. 37 Jiefang East Rd., Jiangan District, Hangzhou City, Zhejiang Province.

		Attn:	Li Jinxiang

		Phone:	***

 

		Party B:	Yao Hong

		Address:	50/F, Fortune Financial Center, No. 37 Jiefang East Rd., Jiangan District, Hangzhou City, Zhejiang Province.

		Attn:	Li Jinxiang

		Phone:	***

 

		Party C:	Weidai (Hangzhou) Financial Information Service Ltd.

		Address:	Room 283, No. 22 Baiyun Road, Shangcheng District

		Attn:	Li Jinxiang

		Phone:	***

 

		14.3	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.

 

		15.	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.

 

		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 registration procedures (if applicable) after the affixation of the signatures or seals of the Parties.

 

    	 	
 Share Pledge Agreement
	11

     

    

 

		17.2	This Agreement is written in Chinese and English in four (4) copies. Each of the Pledgor, Pledgee and Party C shall hold one
(1) copy, respectively; and one (1) copy shall be submitted to the Registration Authority. 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.

 

		17.3	With the execution of this Agreement on the date hereof, the Pledgor shall cause his/her spouse to execute and deliver to the
Pledgee a spousal consent letter.

 

[The space below is intentionally left blank.]

 

    	 	
 Share Pledge Agreement
	12

     

    

 

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

 

Party
A: Weidai Co., Ltd.

 

(Seal of Weidai Co., Ltd.)

 

	By:	/s/ Yao Hong	 
	Name: Yao Hong	 

 

    	
 Share Pledge Agreement-Signature Page

     

    

 

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

 

Party B: Yao Hong

 

	By:	/s/ Yao Hong	 

 

    	
 Share
                                         Pledge Agreement-Signature Page

     

    

 

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

 

Party C: Weidai (Hangzhou) Financial Information Service
Ltd. (Company Seal)

 

(Seal of Weidai (Hangzhou) Financial Information Service Ltd.)

 

	By:	/s/ Yao Hong	 
	Name:	Yao Hong	 

 

    	
 Share Pledge Agreement-Signature Page

     

    

 

Schedule A

 

The following schedule sets forth all other similar agreements the
registrant entered into with the relevant variable interest entity of the registrant. Other than the information set forth below,
there is no material difference between such other agreements and this exhibit.

 

	VIE	 	Executing Parties	 	The Pledge
	 	 	 	 	 
	Deqing Jinxiu Management Consulting Partnership (Limited Partnership)	 	
        Party A: Weidai Co., Ltd. (“Pledgee”)

         

        Party B: Deqing Jinxiu Management Consulting Partnership (Limited
        Partnership) (“Pledgor”)

         

        Party C: Weidai (Hangzhou) Financial Information Service Ltd.
	 	Pledgor pledges to Pledgee a first security interest in the 13.20% Equity Interest of Party C owned by the Pledgor (including the 13.20% registered capital (amount of capital contribution) currently owned by the Pledgor and all relevant equity interest, as well as other registered capital (amount of capital contribution) and all relevant equity interest, which may be obtained by the Pledgor in the future).
	 	 	 	 	 
	Hangzhou Lihai Internet Venture Investment Partnership (Limited Partnership)	 	
        Party A: Weidai Co., Ltd. (“Pledgee”)

         

        Party B: Hangzhou Lihai Internet Venture Investment Partnership
        (Limited Partnership) (“Pledgor”)

         

        Party C: Weidai (Hangzhou) Financial Information Service Ltd.
	 	Pledgor pledges to Pledgee a first security interest in the 1.90% Equity Interest of Party C owned by the Pledgor (including the 1.90% registered capital (amount of capital contribution) currently owned by the Pledgor and all relevant equity interest, as well as other registered capital (amount of capital contribution) and all relevant equity interest, which may be obtained by the Pledgor in the future).
	 	 	 	 	 
	Beijing Dongyitianzheng Investment Co., Ltd.	 	
        Party A: Weidai Co., Ltd. (“Pledgee”)

         

        Party B: Beijing Dongyitianzheng Investment Co., Ltd. Co., Ltd.
        (“Pledgor”)

         

        Party C: Weidai (Hangzhou) Financial Information Service Ltd.
	 	Pledgor pledges to Pledgee a first security interest in the 0.2% Equity Interest of Party C owned by the Pledgor (including the 0.2% registered capital (amount of capital contribution) currently owned by the Pledgor and all relevant equity interest, as well as other registered capital (amount of capital contribution) and all relevant equity interest, which may be obtained by the Pledgor in the future).
	 	 	 	 	 

    	 	
 Share Pledge Agreement
	 

     

    

 

	Hangzhou Shanan Investment Partnership (Limited Partnership)	 	
        Party A: Weidai Co., Ltd. (“Pledgee”)

         

        Party B: Hangzhou Shanan Investment Partnership (Limited Partnership)
        (“Pledgor”)

         

        Party C: Weidai (Hangzhou) Financial Information Service Ltd.
	 	Pledgor pledges to Pledgee a first security interest in the 1.5% Equity Interest of Party C owned by the Pledgor (including the 1.5% registered capital (amount of capital contribution) currently owned by the Pledgor and all relevant equity interest, as well as other registered capital (amount of capital contribution) and all relevant equity interest, which may be obtained by the Pledgor in the future).
	 	 	 	 	 
	Zhejiang Hakim Unique Finance Service Co., Ltd.	 	
        Party A: Weidai Co., Ltd. (“Pledgee”)

         

        Party B: Zhejiang Hakim Unique Finance Service Co., Ltd. (“Pledgor”)

         

        Party C: Weidai (Hangzhou) Financial Information Service Ltd.
	 	Pledgor pledges to Pledgee a first security interest in the 15.54% Equity Interest of Party C owned by the Pledgor (including the 15.54% registered capital (amount of capital contribution) currently owned by the Pledgor and all relevant equity interest, as well as other registered capital (amount of capital contribution) and all relevant equity interest, which may be obtained by the Pledgor in the future).
	 	 	 	 	 
	Zhejiang Zheshang Lihai Venture Investment Partnership (Limited Partnership)	 	
        Party A: Weidai Co., Ltd. (“Pledgee”)

         

        Party B: Zhejiang Zheshang Lihai Venture Investment Partnership
        (Limited Partnership) (“Pledgor”)

         

        Party C: Weidai (Hangzhou) Financial Information Service Ltd.
	 	Pledgor pledges to Pledgee a first security interest in the 0.95% Equity Interest of Party C owned by the Pledgor (including the 0.95% registered capital (amount of capital contribution) currently owned by the Pledgor and all relevant equity interest, as well as other registered capital (amount of capital contribution) and all relevant equity interest, which may be obtained by the Pledgor in the future).
	 	 	 	 	 
	Shenzhen Guosheng Qianhai Investment Co., Ltd.	 	
        Party A: Weidai Co., Ltd. (“Pledgee”)

         

        Party B: Shenzhen Guosheng Qianhai Investment Co., Ltd. (“Pledgor”)

         

        Party C: Weidai (Hangzhou) Financial Information Service Ltd.
	 	Pledgor pledges to Pledgee a first security interest in the 2.00% Equity Interest of Party C owned by the Pledgor (including the 2.00% registered capital (amount of capital contribution) currently owned by the Pledgor and all relevant equity interest, as well as other registered capital (amount of capital contribution) and all relevant equity interest, which may be obtained by the Pledgor in the future).
	 	 	 	 	 

    	 	
 Share Pledge Agreement
	 

     

    

 

	Suzhou Weixin Zhonghua Venture Investment Partnership (Limited Partnership)	 	
        Party A: Weidai Co., Ltd. (“Pledgee”)

         

        Party B: Suzhou Weixin Zhonghua Venture Investment Partnership (Limited
        Partnership) (“Pledgor”)

         

        Party C; Weidai (Hangzhou) Financial Information Service Ltd.
	 	Pledgor pledges to Pledgee a first security interest in the 4% Equity Interest of Party C owned by the Pledgor (including the 4% registered capital (amount of capital contribution) currently owned by the Pledgor and all relevant equity interest, as well as other registered capital (amount of capital contribution) and all relevant equity interest, which may be obtained by the Pledgor in the future).
	 	 	 	 	 
	Qingdao Oriental Capital Investment Co., Ltd.	 	
        Party A: Weidai Co., Ltd. (“Pledgee”)

         

        Party B: Qingdao Oriental Capital Investment Co., Ltd. (“Pledgor”)

         

        Party C: Weidai (Hangzhou) Financial Information Service Ltd.
	 	Pledgor pledges to Pledgee a first security interest in the 0.60% Equity Interest of Party C owned by the Pledgor (including the 0.60% registered capital (amount of capital contribution) currently owned by the Pledgor and all relevant equity interest, as well as other registered capital (amount of capital contribution) and all relevant equity interest, which may be obtained by the Pledgor in the future).

 

    	 	
 Share Pledge AgreementExhibit 10.5

 

Exclusive Business Cooperation Agreement

 

This Exclusive Business Cooperation Agreement
(this “Agreement”) is made and entered into by and between the following Parties on April 10, 2018 in Hangzhou,
China.

 

	Party A:	Weidai Co., Ltd.,
	Address:	Room A-B102-1102, No. 198 of Qidi Road, Xiaoshan Economic-technical Development Zone, Xiaoshan District, Hangzhou, Zhejiang Province.
	 	 
	Party B:	Weidai (Hangzhou) Financial Information Service Ltd.
	Address:	Room 283, No. 22 Baiyun Road, Shangcheng District

 

Each of Party A and Party B shall be hereinafter referred to as
a “Party” respectively, and as the “Parties” collectively.

 

Whereas,

 

	1.	Party A is a Wholly Foreign Owned Enterprise established in the People's Republic
of China (“China”), and has the necessary resources to provide technical services and business consulting services;

 

	2.	Party B is a company with exclusively domestic capital registered in China;

 

	3.	Party A is willing to provide Party B, on a!n exclusive basis, with technical, consulting
and other services (the detailed scope set forth below) during the term of this Agreement, utilizing its own advantages in human
resources, technology and information, and Party B is willing to accept such services provided by Party A or Party A's designee(s),
each on the terms set forth herein.

 

Now, therefore, through mutual discussion,
Party A and Party B have reached the following agreements:

 

		1.	Services Provided by Party A

 

		1.1	Party B hereby appoints Party A as Party B's exclusive services
provider to provide Party B with complete business support and technical and consulting services during the term of this Agreement,
in accordance with the terms and conditions of this Agreement, which may include all or part of the services within the business
scope of Party B as may be determined from time to time by Party A, including, but not limited to, technical services, network
support, business consultations, intellectual property licenses, equipment or leasing, marketing consultancy, system integration,
product research and development, and system maintenance(“Service”).

  

    	Exclusive Business Agreement
	 1

     

    

 

		1.2	Party B agrees to accept all the consultations and services provided by Party A. Party B further
agrees that unless with Party A's prior written consent, during the term of this Agreement, Party B shall not accept any consultations
and/or services provided by any third party and shall not cooperate with any third party regarding the matters contemplated by
this Agreement. Party A may appoint other parties, who may enter into certain agreements described in Section 1.4 with Party B,
to provide Party B with the consultations and/or services under this Agreement.

 

		1.3	To ensure that the cash flow requirements of Party B’s ordinary operations are met and/or
to set off any loss accrued during such operations, Party A may elect to, only to the extent permissible under the laws of PRC,
provide financing support for Party B, whether or not Party B actually incurs any such operational loss. If Party A elects to provide
financing support for Party B, Party B shall accept such financing support provided by Party A. Party A’s financing support
for Party B may take the form of bank entrusted loans or borrowings. Contracts for any such entrusted loans or borrowings shall
be executed separately.

 

		1.4	Service Providing Methodology

 

		1.4.1	Party A and Party B agree that during the term of this Agreement,
both Parties, directly or through their respective affiliates, may enter into further technical service agreements or consulting
service agreements, which shall provide the specific contents, manner, personnel, and fees for the specific technical services
and consulting services.

 

		1.4.2	To fulfill this Agreement, Party A and Party B agree that during the term of this Agreement, both
Parties, directly or through their respective affiliates, may enter into intellectual property (including, but not limited to,
software, trademark, patent and know-how) license agreements, which shall permit Party B to use Party A's relevant intellectual
property rights, at any time and from time to time based on the needs of the business of Party B.

 

		1.4.3	To fulfill this Agreement, Party A and Party B agree that during the term of this Agreement, both
Parties, directly or through their respective affiliates, may enter into equipment or property leases which shall permit Party
B to use Party A's relevant equipment or property based on the needs of the business of Party B.

 

		1.4.4	Party A may, at its own discretion, subcontract to third parties part of the services Party A provides
to Party B under this Agreement.

 

    	Exclusive Business Agreement
	 2

     

    

 

		1.4.5	Party B hereby grants to Party A an irrevocable exclusive
right, pursuant to which Party A may, at its sole discretion, within the limits permitted by PRC laws and regulations, purchase
any part or all of Party B’s assets and business at the lowest price permitted by PRC laws, and the Parties shall enter
into a separate transfer agreement of asset or business at that time.

 

		2.	Calculation and Payment of the Service Fees, Financial Reports, Audit and Tax

 

		2.1	Both Parties agree that, in consideration of the services provided by Party A, subject to applicable
laws of China, Party A is entitled to receive fees (the “Service Fees”) from Party B equal to the total net
income of Party B. The Service Fees shall be due and payable on a monthly basis. During the term of this Agreement, Party A shall
have the right to adjust the above Service Fees at its sole discretion without the consent of Party B. Party B shall (a) deliver
to Party A the management accounts and operating statistics of Party B for such month, including the net income of Party B during
such month (the “Monthly Net Income”), and (b) pay all of such Monthly Net Income or any other amount as adjusted
by Party A, to Party A (each such payment, a “Monthly Payment”). Within 7 days of receipt of such management
accounts and operating statistics, Party A shall issue to Party B a corresponding technical service invoice, and Party B shall
make payment of the amount of such invoice within 7 days of receipt of the same. All payments shall be transferred into the bank
accounts designated by Party A through remittance or in any other way acceptable by the Parties. The Parties agree that such payment
instruction may be changed by a notice given by Party A to Party B from time to time.

 

		2.2	Within ninety (90) days after the end of each fiscal year, Party B shall (a) deliver to Party A
audited financial statements of Party B for such fiscal year, which shall be audited and certified by an independent certified
public accountant approved by Party A, and (b) pay an amount to Party A equal to the shortfall, if any, of the net income of Party
B for such fiscal year, as shown in such audited financial statements, as compared to the aggregate amount of the Monthly Payments
paid by Party B to Party A in such fiscal year.

 

		2.3	Party B shall prepare its financial statements in satisfaction of Party A's requirements and in
accordance with law and commercial practices.

 

		2.4	Subject to a notice given by Party A 5 working days in advance, Party B shall allow Party A and/or
its appointed auditor to review, and make photocopies of, the relevant books and records of Party B at the principal office of
Party B to verify the accuracy of the income amounts and statements of Party B.

 

		2.5	The Parties undertake to each file and pay, in accordance
with law, the taxes involved in the transaction hereunder.

 

    	Exclusive Business Agreement
	 3

     

    

 

		3.	Intellectual Property Rights; Confidentiality Clauses;
Non-competition

 

		3.1	Party A shall have exclusive and proprietary rights and interests in all rights, ownership, interests
and intellectual properties arising out of or created during the performance of this Agreement, including, but not limited to,
copyrights, patents, patent applications, trademarks, software, technical secrets, trade secrets and others, regardless of whether
they have been developed by Party A or Party B.

 

		3.2	The Parties acknowledge that any oral or written information exchanged among them with respect
to this Agreement is confidential information. Each Party shall maintain the confidentiality of all such information, and without
obtaining the written consent of the other Party, it shall not disclose any relevant information to any third parties, except in
the following circumstances: (a) such information is or will be in the public domain (provided that this is not the result of a
public disclosure by the receiving Party); (b) information disclosed as required by applicable laws or rules or regulations of
any stock exchange; or (c) information required to be disclosed by any Party to its legal counsel or financial advisor regarding
the transaction contemplated hereunder, and such legal counsel or financial advisor is also bound by confidentiality duties similar
to the duties 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.

 

		3.3	Party B shall not engage in any business activities other than those falling within the scope permitted
by its Business License and Business Permit, whether directly or indirectly. Unless approved in writing by Party A, Party B shall
not engage in any businesses in China, which compete with the businesses of Party A, whether directly or indirectly, including
investing in entities operating in businesses which compete with the businesses of Party A, or any other businesses beyond the
scope approved in writing by Party A.

 

		3.4	The Parties agree that this Section shall survive changes
to, and rescission or termination of, this Agreement.

 

		4.	Representations and Warranties

 

		4.1	Party A hereby represents and warrants as follows:

 

		4.1.1	Party A is a company legally registered and validly existing in accordance with the laws of China.

 

    	Exclusive Business Agreement
	 4

     

    

 

		4.1.2	Party A's execution and performance of this Agreement is within its corporate capacity and the
scope of its business operations; Party A has taken necessary corporate actions and been given appropriate authorization and has
obtained the consent and approval from third parties and government agencies, and will not violate any restrictions in law or otherwise
binding or having an impact on Party A.

 

		4.1.3	This Agreement constitutes Party A's legal, valid and binding obligations, enforceable in accordance
with its terms.

 

		4.2	Party B hereby represents and warrants as follows:

 

		4.2.1	Party B is a company legally registered and validly existing in accordance with the laws of China;

 

		4.2.2	Party B's execution and performance of this Agreement is within its corporate capacity and the
scope of its business operations; Party B has taken necessary corporate actions and given appropriate authorization and has obtained
the consent and approval from third parties and government agencies, and will not violate any restrictions in law or otherwise
binding or having an impact on Party B.

 

		4.2.3	This Agreement constitutes Party B's legal, valid and binding obligations, and shall be enforceable
against it.

 

		5.	Effectiveness and Term

 

		5.1	This Agreement has been entered into as of the date first written above and shall come into force
as from such date. This Agreement shall be perpetually valid unless early terminated upon written decision of Party A in accordance
with this Agreement or otherwise required in the laws of the PRC.

 

		6.	Termination

 

		6.1	If any Party’s term of operation expires within the term hereof, such Party shall promptly
extend its term of operation to the greatest extent permitted by the laws of the PRC in order for this Agreement to continue to
be valid and performed. If a Party’s application for extension of term of operation is not approved or consented to by any
competent authority, this Agreement shall terminate on the date when such Party’s term of operation expires.

 

		6.2	The rights and obligations of the Parties under Articles 3, 7 and 8 shall survive the termination
of this Agreement.

 

    	Exclusive Business Agreement
	 5

     

    

 

		6.3	In case of early termination, for whatever reason, or due expiration of this Agreement, payment
obligations of either Party outstanding as of the date of such termination or expiration, including without limitation the Service
Fees, shall not be waived, nor shall any default liability accrued as of the termination of this Agreement be waived. The Service
Fees accrued as of the termination of this Agreement shall be paid to Party A within 15 working days of the termination of this
Agreement.

 

		7.	Governing Law and Resolution of Disputes

 

		7.1	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.

 

		7.2	In the event of any dispute with respect to the construction and performance of the provisions
of this Agreement, the Parties shall negotiate in good faith to resolve the dispute. In the event the Parties fail to reach an
agreement on the resolution of such a dispute within 30 days after any Party's request for resolution of the dispute through negotiations,
any Party may submit the relevant dispute to the China International Economic and Trade Arbitration Commission (“CIETAC”)
for arbitration, in accordance with its then-effective arbitration rules. The arbitration shall be conducted in Beijing, and the
language used during arbitration shall be Chinese. The arbitration ruling shall be final and binding on both Parties.

 

		7.3	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.

 

		7.4	In case of promulgation or , or any change to or in any Chinese law, regulation or rule, or any
change to or in the interpretation or application of the same any time after execution of this Agreement, the following agreement
shall apply: (a) if any Party would enjoy more benefits under any changed or new law than under the relevant law, regulation or
rule in effect at the date of this Agreement, without any adverse effect upon the other Party, the Parties shall promptly apply
for such benefits. The Parties shall make best efforts to procure the approval of such application; and (b) if the aforementioned
law change or promulgation causes any direct or indirect material adverse effect to either Party, this Agreement shall be implemented
in its original terms and conditions. However, the Parties shall try all lawful means to procure exemption from compliance with
such changed or new law provisions. In the event such adverse effect on the economic interest of either Party is unable to be resolved
pursuant to this Agreement, the affected Party may give notice to other Party(s), and the Parties shall hold prompt discussion
and make all necessary amendments to this Agreement so as to maintain the economic benefits otherwise enjoyed by the affected Party.

 

    	Exclusive Business Agreement
	 6

     

    

 

		8.	Indemnification

 

Party B shall indemnify and hold
harmless Party A from any losses, injuries, obligations or expenses caused by any lawsuit, claims or other demands against Party
A arising from or caused by the consultations and services provided by Party A at the request of Party B, except where such losses,
injuries, obligations or expenses arise from the gross negligence or willful misconduct of Party A.

 

		9.	Notices

 

		9.1	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:

 

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

 

		9.1.2	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).

 

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

 

	 	Party A:	Weidai Co., Ltd.
	 	Address:	50/F, Fortune Financial Center, No. 37 Jiefang East Rd., Jiangan District, Hangzhou City, Zhejiang Province.
	 	Attn:	Li Jinxiang
	 	Phone:	***
	 	 	 
	 	Party B:	Weidai (Hangzhou) Financial Information Service Ltd.
	 	Address:	Room 283, No. 22 Baiyun Road, Shangcheng District
	 	Attn:	Li Jinxiang
	 	Phone:	***

 

    	Exclusive Business Agreement
	 7

     

    

 

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

 

		10.	Assignment

 

		10.1	Without Party A's prior written consent, Party B shall not assign its rights and obligations under
this Agreement to any third party.

 

		10.2	Party B agrees that Party A may assign its obligations and rights under this Agreement to any third
party upon a prior written notice to Party B but without the consent of Party B.

 

		11.	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 aspect. 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.

 

		12.	Amendments and Supplements

 

Any amendments and supplements
to this Agreement shall be in writing. The amendment agreements and supplementary agreements that have been signed by the Parties
and that relate to this Agreement shall be an integral part of this Agreement and shall have the same legal validity as this Agreement.

 

		13.	Language and Counterparts

 

This Agreement is written in both
Chinese and English language in two 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.

 

[The space below is intentionally left blank.]

  

    	Exclusive Business Agreement
	 8

     

    

 

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

 

Party
A: Weidai Co., Ltd.

 

(Seal of Weidai Co., Ltd.)

 

	By:	/s/ Yao Hong	 
	Name:	Yao Hong	 

 

    	Exclusive Business Agreement-Signature Page

     

    

 

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

 

Party B: Weidai (Hangzhou) Financial Information
Service Ltd. (Company Seal)

 

(Seal of Weidai (Hangzhou) Financial Information Service Ltd.)

 

	By:	/s/ Yao Hong	 
	Name:	Yao Hong	 

  

    	Exclusive Business Agreement-Signature Page

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