Document:

Exhibit 10.7

 

Confidential

 

CALL OPTION AGREEMENT

 

AMONG

 

RONGHUA LIU

 

QIANG CHEN

 

QIANHAI ASIA TIMES (SHENZHEN) INTERNATIONAL
FINANCIAL SERVICES CO., LTD.

 

HUAYA CONSULTANT (SHENZHEN) CO., LTD.

 

9th October, 2018

 

    	 		 

     

    

 

CALL OPTION AGREEMENT

 

This CALL OPTION AGREEMENT (this
"AGREEMENT”) is entered into in Shenzhen of the People's Republic of China (“China” or the "PRC")
as of 9th October, 2018 by and among the following Parties:

 

(1)  Ronghua
Liu

 

ADDRESS: No. 16, 12 Team, Datang
Village, Dali Town, Beiliu, Guangxi Province, China

ID Number: 450681199012101418

 

(2)  Qiang
Chen

 

ADDRESS: Room 601, Unit 1, Building 9, Chengshi Shangu,
Nanshan District, Shenzhen City, Guangdong Province, China

ID Number: 320503197010060537

 

(3)  Qianhai
Asia Times (Shenzhen) International Financial Services Co., Ltd. ("ASIA TIMES")

 

REGISTERED ADDRESS: Room 3902A,
Building 5, Dachong International Center, No.39 Tong Gu Road, Yuehai Street, Nanshan district, Shen Zhen, China

 

(4)  HUAYA
CONSULTANT (SHENZHEN) CO., LTD. (“HUAYA”)

 

REGISTERED ADDRESS: Room 3902,
Building 5, Dachong International Center, No.39 Tong Gu Road, Yuehai Street, Nanshan district, Shen Zhen, China

 

( Ronghua Liu, Qiang Chen hereinafter
shall be individually referred to as a "PERSONAL SHAREHOLDER" and collectively, the "PERSONAL SHAREHOLDERS".
The Personal Shareholders and ASIA TIMES hereinafter individually referred to as a "SHAREHOLDER" and collectively, the
"SHAREHOLDERS". The Shareholders, HUAYA and the companies which was holding by ASIA TIMES hereinafter shall be individually
referred to as a "PARTY" and collectively referred to as the "PARTIES".)

 

WHEREAS

 

(l)  As of the date of this Agreement, Ronghua Liu and Qiang Chen are the enrolled shareholders of ASIA TIMES, legally holding all the
equity in ASIA TIMES, of which Ronghua Liu holding 98.5% interest, Qiang Chen holding 1.5% interest.

 

    	 		 

     

    

 

(2)  The Shareholders
intend to transfer to HUAYA, and HUAYA is willing to accept, all their respective equity interest
in the Target Companies (as defined below), to the extent not violating PRC Law.

 

(3)  In order to conduct
the above equity transfer, the Shareholders agree to jointly grant HUAYA an irrevocable call option for equity transfer
(hereinafter the "CALL OPTION"), under which and to the extent permitted by PRC Law, the Shareholders shall on demand
of HUAYA transfer the Option Equity (as defined below) to HUAYA and/or any other entity or individual
designated by it in accordance with the provisions contained herein.

 

(4)  ASIA TIMES
intends to transfer to HUAYA all of its assets and liabilities to the extent not violating PRC Law. In order
to conduct the above asset transfer, ASIA TIMES agrees to grant HUAYA an irrevocable call option for
assets (hereinafter the "ASSET CALL OPTION"), under which and to the extent as permitted by PRC Law, ASIA TIMES
shall on demand of HUAYA transfer the assets and liabilities to HUAYA and/or any other entity
or individual designated by it in accordance with the provisions contained herein.

 

THEREFORE, the Parties hereby
have reached the following agreement upon mutual consultations:

 

ARTICLE 1 - DEFINITION

 

1.1  Except
as otherwise construed in the context, the following terms in this Agreement shall be interpreted to have the following meanings:

 

"PRC LAW" shall mean
the then valid laws, administrative regulations, administrative rules, local regulations, judicial interpretations and other binding
regulatory documents of the People's Republic of China.

 

"OPTION EQUITY" shall
mean, in respect of each of the Shareholders, all of the equity interest held thereby in the Target Company Registered Capital
(as defined below).

 

"TARGET COMPANY" shall
mean, to PERSONAL SHAREHOULDERS, ASIA TIMES; and to ASIA TIMES, any and all of the companies which was held by it
(exclusive of Qianhai ASIA TIMES (Shenzhen) International Fund Management Company (“Fund Company”)).

 

"TARGET COMPANY REGISTERED
CAPITAL" shall mean the registered capital of ASIA TIMES as of the execution date of this Agreement, i.e., RMB50,
000,000, and the registered capital of each Target Company which was holding by ASIA TIMES, which shall include any expanded registered
capital as the result of any capital increase within the term of this Agreement.

 

    	 		 

     

    

 

"TRANSFERRED EQUITY" shall
mean the equity of Target Company which HUAYA has the right to require the Shareholders to transfer to it or its
designated entity or individual when HUAYA exercises its Call Option (hereinafter the "EXERCISE OF OPTION")
in accordance with Article 3.2 herein, the amount of which may be all or part of the Option Equity and the details of which shall
be determined by HUAYA at its sole discretion in accordance with the then valid PRC Law and from its commercial consideration.

 

"TRANSFER PRICE" shall mean
all the consideration that HUAYA or its designated entity or individual is required to pay to the Shareholders in
order to obtain the Transferred Equity upon each Exercise of Option. In spite of any provision herein, in case of HUAYA
exercising the call option in its sole discretion upon the occurrence of the situation in which such call option exercise become
feasible under the relevant laws in PRC, any additional consideration paid other than the $1.00 which may be required under the
laws of China to effect such purchase to comply with such legal formalities shall be either cancelled or returned to the company
immediately with no additional compensation to the owners. The shareholders hereby acknowledge the purpose of such provisions and
hereby agrees and authorizes the company to take any and all actions to effect such transaction and agrees irrevocably to execute
any and all documents and instruments and authorize HUAYA and its designated entity or individual to sign on his
or her behalf and hereby gives the HUAYA and its designated entity or individual a proxy to execute and deliver such
documents and instruments to effect the purpose of this provision and hereby waives any defense or claim of causes of action to
challenge or defeat this provision. If there exists any regulatory provision with respect to Transfer Price under the then PRC
Law, HUAYA or its designated entity or individual shall be entitled to determine the lowest price permitted by PRC
Law as the Transfer Price.

 

"BUSINESS PERMITS" shall mean
any approvals, permits, filings, registrations etc. which ASIA TIMES is required to have for legally and validly
operating its commercial consulting business and all such other businesses, including but not limited to the Business License of
the Cooperate Legal Person, the Tax Registration Certificate, the Permit for commercial consulting business and such other relevant
licenses and permits as required by the then PRC Law.

 

"TARGET COMPANY ASSETS" shall
mean, in respect of any Target Company, all the tangible and intangible assets which such Target Company owns or has the right
to use during the term of this Agreement, including but not limited to any immoveable and moveable assets, and such intellectual
property rights as trademarks, copyrights, patents, proprietary know-how, domain names and software use rights.

 

    	 		 

     

    

 

"THE EXCLUSIVE SERVICE AGREEMENT"
shall mean the Exclusive Service Agreement entered into among each Target Company and HUAYA dated 9th October,
2018.

 

"MATERIAL AGREEMENT" shall
mean an agreement to which any Target Company is a party and which has a material impact on the businesses or assets of the Target
Company, including but not limited to the Exclusive Service Agreement among the Target Company and HUAYA, and other
agreements regarding the Target Company's commercial consulting business.

 

1.2 The
references to any PRC Law herein shall be deemed

 

(1) to
include the references to the amendments, changes, supplements and reenactments of such law, irrespective of whether they take
effect before or after the formation of this Agreement; and

 

(2) to
include the references to other decisions, notices or regulations enacted in accordance therewith or effective as a result thereof.

 

1.3 Except
as otherwise stated in the context herein, all references to an Article, clause, item or paragraph shall refer to the relevant
part of this Agreement.

 

ARTICLE 2 -
GRANT OF CALL OPTION

 

The Parties agree that the Shareholders
exclusively grant HUAYA hereby irrevocably and without any additional conditions with a Call Option, under
which HUAYA shall have the right to require the Shareholders to transfer the Option Equity to HUAYA
or its designated entity or individual in such method as set out herein and as permitted by PRC Law. HUAYA
also agrees to accept such Call Option.

 

In case of HUAYA exercising
the call option in its sole discretion upon the occurrence of the situation in which such call option exercise become feasible
under the relevant laws in PRC, any additional consideration paid other than the $1.00 which may be required under the laws of
China to effect such purchase to comply with such legal formalities shall be either cancelled or returned to the company immediately
with no additional compensation to the ASIA TIMES and Shareholders. ASIA TIMES and Shareholders hereby
acknowledge the purpose of such provisions and hereby agrees and authorizes the company to take any and all actions to effect such
transaction and agrees irrevocably to execute any and all documents and instruments and authorize the company's relevant officers
to sign on his or her behalf and hereby gives the company and any of its relevant officers a proxy to execute and deliver such
documents and instruments to effect the purpose of this provision and hereby waives any defense or claim of causes of action to
challenge or defeat this provision.

 

    	 		 

     

    

 

ARTICLE 3 - METHOD OF EXERCISE
OF OPTION

 

3.1  To
the extent permitted by PRC Law, HUAYA shall have the sole discretion to determine the specific time, method and
times of its Exercise of Option.

 

3.2  If
the then PRC Law permits HUAYA and/or other entity or individual designated by it to hold all the equity interest
of Target Company, then HUAYA shall have the right to elect to exercise all of its Call Option at once, where HUAYA
and/or other entity or individual designated by it shall accept all the Option Equity from the Shareholders at once; if the then
PRC Law permits HUAYA and/or other entity or individual designated by it to hold only part of the equity in Target
Company, HUAYA shall have the right to determine the amount of the Transferred Equity within the extent not exceeding
the upper limit of shareholding ratio set out by the then PRC Law (hereinafter the "SHAREHOLDING LIMIT"), where HUAYA
and/or other entity or individual designated by it shall accept such amount of the Transferred Equity from the Shareholders. In
the latter case, HUAYA shall have the right to exercise its Call Option at multiple times in line with the gradual
deregulation of PRC Law on the permitted Shareholding Limit, with a view to ultimately acquiring all the Option Equity.

 

3.3  At
each Exercise of Option by HUAYA. each of the Shareholders shall transfer their respective equity in the Target Company
to HUAYA and/or other entity or individual designated by it respectively in accordance with the amount required in
the Exercise Notice stipulated in Article 3.5. HUAYA and other entity or individual designated by it shall pay the
Transfer Price to each of the Shareholders who has transferred the Transferred Equity for the Transferred Equity accepted in each
Exercise of Option. HUAYA shall have the right to elect to pay the purchase price by settlement of certain credits
held by it or its affiliates to the shareholders.

 

3.4  In
each Exercise of Option, HUAYA may accept the Transferred Equity by itself or designate any third party to accept
all or part of the Transferred Equity.

 

3.5  On
deciding each Exercise of Option, HUAYA shall issue to the Shareholders a notice for exercising the Call Option (hereinafter
the "EXERCISE NOTICE", the form of which is set out as Appendix I hereto). The Shareholders shall, upon receipt of the
Exercise Notice, forthwith transfer all the Transferred Equity in accordance with the Exercise Notice to HUAYA and/or
other entity or individual designated by HUAYA in such method as described in Article 3.3 herein.

 

    	 		 

     

    

 

3.6  The Shareholders
hereby severally undertake and guarantee that once HUAYA issues the Exercise Notice in respect to the specific Transferred
Equity of the Target Company held by it:

 

(l)  it
shall immediately hold or request to hold a shareholders' meeting of the Target Company and adopt a resolution through the shareholders'
meeting, and take all other necessary actions to agree to the transfer of all the Call Option to HUAYA and/or other
entity or individual designated by it at the Transfer Price and waive the possible preemption;

 

(2) it
shall immediately enter into an equity transfer agreement with HUAYA and/or other entity or individual designated
by it for transfer of all the Transferred Equity to HUAYA and/or other entity or individual designated by it at the
Transfer Price; and

 

(3)  it
shall provide HUAYA with necessary support (including providing and executing all the relevant legal documents, processing
all the procedures for government approvals and registrations and bearing all the relevant obligations) in accordance with the
requirements of HUAYA and of the laws and regulations, in order that HUAYA and/or other entity or individual
designated by it may take all the Transferred Equity free from any legal defect.

 

3.7  At
the meantime of this Agreement, the Shareholders shall respectively enter into a power of attorney (hereinafter the "POWER
OF ATTORNEY", the form of which is set out as Appendix II hereto), authorizing in writing any person designated by HUAYA
to, on behalf of such Shareholder, to enter into any and all of the legal documents in accordance with this Agreement so as to
ensure that HUAYA and/or other entity or individual designated by it take all the Transferred Equity free from any
legal defect. Such Power of Attorney shall be delivered for custody by HUAYA and HUAYA may, at any
time if necessary, require the Shareholders to enter into multiple copies of the Power of Attorney respectively and deliver the
same to the relevant government department.

 

ARTICLE 4 - ASSET CALL OPTION

 

ASIA TIMES and the Personal
Shareholders hereby further undertake to grant HUAYA irrevocably an option to purchase assets within the term of
this Agreement: to the extent not violating the mandatory requirements under PRC Law, ASIA TIMES will transfer all
of its assets and liabilities to HUAYA and/or other entity or individual designated by it when required by HUAYA.

 

In case of the HUAYA exercising
the Asset Call Option in its sole discretion upon the occurrence of the situation in which such call option exercise become feasible
under the relevant laws in PRC, any additional consideration paid other than the $1.00 which may be required under the laws of
China to effect such purchase to comply with such legal formalities shall be either cancelled or returned to the company immediately
with no additional compensation to the ASIA TIMES and Shareholders. ASIA TIMES and Shareholders hereby
acknowledge the purpose of such provisions and hereby agrees and authorizes the company to take any and all actions to effect such
transaction and agrees irrevocably to execute any and all documents and instruments and authorize the company's relevant officers
to sign on his or her behalf and hereby gives the company and any of its relevant officers a proxy to execute and deliver such
documents and instruments to effect the purpose of this provision and hereby waives any defense or claim of causes of action to
challenge or defeat this provision.

 

    	 		 

     

    

 

ARTICLE 5 - REPRESENTATIONS AND
WARRANTIES

 

5.1  Each
of the Shareholders hereby severally represents and warrants in respect to itself and the Target Company in which he holds equity
as follows:

 

5.1.1  Each
of the Personal Shareholders is a PRC citizen with full capacity, with full and independent legal status and legal capacity to
execute, deliver and perform this Agreement, and may act independently as a litigant party. Each of the Personal Shareholders has
full power and authorization to execute and deliver this Agreement and all the other documents to be entered into by it in relation
to the transaction referred to herein, and it has the full power and authorization to complete the transaction referred to herein.

 

5.1.2  This Agreement
is executed and delivered by Personal Shareholders legally and properly. This Agreement constitutes the legal and binding obligations
on Personal Shareholders and is enforceable on it in accordance with its terms and conditions. The Personal Shareholders are the
enrolled legal owner of the Option Equity as of the effective date of this Agreement, and except the rights created by this Agreement,
the Shareholders' Voting Rights Proxy Agreement entered into by Personal Shareholders, HUAYA and their respective
Target Company dated 9th October, 2018 (the "PROXY AGREEMENT"), the Equity Pledge Agreement
entered into by it, HUAYA, the Target Company dated 9th October, 2018 (the "EQUITY
PLEDGE AGREEMENT"), there is no lien, pledge, claim and other encumbrances and third party rights on the Option Equity. In
accordance with this Agreement, HUAYA and/or other entity or individual designated by it may, after the Exercise
of Option, obtain the proper title to the Transferred Equity free from any lien, pledge, claim and other encumbrances and third
party rights.

 

5.1.3  Target
Company shall obtain complete Business Permits as necessary for its operations upon this Agreement taking effect, and Target Company
shall have sufficient rights and qualifications to operate within PRC the businesses of commercial consulting and other business
relating to its current business structure. Target Company has conducted its business legally since its establishment and has not
incurred any cases which violate or may violate the regulations and requirements set forth by the departments of commerce and industry,
tax, culture, news, quality technology supervision, labor and social security and other governmental departments or any disputes
in respect of breach of contract.

 

    	 		 

     

    

 

5.2   ASIA
TIMES hereby represents and warrants in respect to itself and the Target Company in which it holds equity as follows:

 

5.2.1  ASIA
TIMES is a limited liability company operation duly registered and validly existing under PRC Law, with independent status
as a legal person; ASIA TIMES has full and independent legal status and legal capacity to execute, deliver and perform
this Agreement, and may act independently as a subject of actions.

 

5.2.2   ASIA
TIMES has full power and authorization to execute and deliver this Agreement and all the other documents to be entered
into by it in relation to the transaction referred to herein, and it has the full power and authorization to complete the transaction
referred to herein.

 

5.2.3   This
Agreement is executed and delivered by ASIA TIMES legally and properly. This Agreement constitutes legal and binding
obligations on it.

 

5.2.4   ASIA
TIMES is the enrolled legal shareholder of the Option Equity when this Agreement comes into effect, except the rights created
by this Agreement, the Proxy Agreement, the Equity Pledge Agreement, there is no lien, pledge, claim and other encumbrances and
third party rights on the Option Equity. In accordance with this Agreement, HUAYA and/or other entity or individual
designated by it may, upon the Exercise of Option, obtain the proper title to the Transferred Equity free from any lien, pledge,
claim and other encumbrances and third party rights.

 

5.2.5   Target
Company shall obtain complete Business Permits as necessary for its operations upon this Agreement taking effect, and Target Company
shall have sufficient rights and qualifications to operate within PRC the businesses of commercial consulting and other business
relating to its current business structure. Target Company has conducted its business legally since its establishment and has not
incurred any cases which violate or may violate the regulations and requirements set forth by the departments of commerce and industry,
tax, culture, quality technology supervision, labor and social security and other governmental departments or any disputes in respect
of breach of contract.

 

The remaining shareholders of
the Target Companies in which ASIA TIMES holds equity have given written approvals regarding the content of this Agreement and
have irrevocably undertaken, upon the Exercise of Option by ASIA TIMES of Option Equity in accordance with this Agreement,
to respectively waive possible rights of preemption and offer necessary assistance.

 

5.3  HUAYA
hereby represents and warrants as follows:

 

5.3.1  HUAYA
is a company with limited liability properly registered and legally existing under PRC Law, with an independent status as a legal
person. HUAYA has full and independent legal status and legal capacity to execute, deliver and perform this Agreement
and may act independently as a subject of actions.

 

    	 		 

     

    

 

5.3.2  HUAYA
has full power and authorization to execute and deliver this Agreement and all the other documents to be entered into by it in
relation to the transaction referred to herein, and it has the full power and authorization to complete the transaction referred
to herein.

 

ARTICLE 6 - UNDERTAKINGS BY THE
SHAREHOLDERS

 

6.1  The
Shareholders hereby individually undertake within the term of this Agreement that it must take all necessary measures to ensure
that Target Company is able to obtain all the Business Permits necessary for its business in a timely manner and all the Business
Permits remain in effect at any time.

 

6.2The Shareholders hereby
individually undertakewithin the term of this Agreement that without the prior written consent by HUAYA,

 

6.2.1  no
Shareholders shall transfer or otherwise dispose of any Option Equity or create any encumbrance or other third party rights on
any Option Equity;

 

6.2.2 it shall not increase
or decrease theTarget Company Registered Capital or cast affirmative vote regarding the aforesaid increase or decrease in registered
capital;

 

6.2.3  it
shall not dispose of or cause the management of Target Company to dispose of any of the Target Company Assets (except as occurs
during the arm's length operations);

 

6.2.4  it
shall not terminate or cause the management of Target Company to terminate any Material Agreements entered into by Target Company,
or enter into any other Material Agreements in conflict with the existing Material Agreements;

 

6.2.5  it
shall not individually or collectively cause each Target Company to conduct any transactions that may substantively affect the
asset, liability, business operation, equity structure, equity of a third party and other legal rights (except those occurring
during the arm's length operations or daily operation, or having been disclosed to and approved by HUAYA in writing);

 

6.2.6  it
shall not appoint or cancel or replace any executive directors or members of board of directors (if any), supervisors or any other
management personnel of Target Company to be appointed or dismissed by the Shareholders;

 

6.2.7 it
shall not announce the distribution of or in practice release any distributable profit, dividend or share profit or cast affirmative
votes regarding the aforesaid distribution or release;

 

    	 		 

     

    

 

6.2.8  it
shall ensure that Target Company shall validly exist and prevent it from being terminated, liquidated or dissolved;

 

6.2.9  it
shall not amend the Articles of Association of Target Company or cast affirmative votes regarding such amendment;

 

6.2.10  it
shall ensure that Target Company shall not lend or borrow any money, or provide guarantee or engage in security activities in any
other forms, or bear any substantial obligations other than on the arm's length basis; and

 

6.3  The
Shareholders hereby individually undertake that it must make all its efforts during the term of this Agreement to develop the business
of Target Company, and ensure that the operations of Target Company are legal and in compliance with the regulations and that it
shall not engage in any actions or omissions which might harm the Target Company Assets or its credit standing or affect the validity
of the Business Permits of Target Company.

 

6.4  Without
limiting the generality of Article 6.3 above, considering the fact that each Shareholder of each Target Company sets aside all
the equity interest held thereby in each Target Company as security to secure the performance by each Target Company of the obligations
under the Exclusive Service Agreement, the performance of such Shareholder of the obligations under the Proxy Agreement, the Shareholder
undertakes to, within the term of this Agreement, make full and due performance of any and all of the obligations on the part thereof
under the Proxy Agreement, and to procure the full and due performance of each Target Company of any and all of its obligations
under the Exclusive Service Agreement and warrants that no adverse impact on exercising the rights under this Agreement by HUAYA
will be incurred due to the breach by the Shareholder of the Proxy Agreement or the breach of the Target Company of the Exclusive
Service Agreement.

 

6.5  ASIA
TIMES undertakes that, before HUAYA Exercise of Option and acquire all equity of ASIA TIMES, ASIA TIMES shall
not do the following:

 

6.5.1  Sell,
transfer, mortgage or dispose by other way any assets, business, revenue or other legal rights of its own or any Target Company,
or permit creating any encumbrance or other third party's interest on such assets, business, revenue or other legal rights (except
as occurs during the arm's length or operations or daily operation, or as is disclosed to HUAYA and approved by HUAYA
in writing);

 

6.5.2  conduct
any transactions that may substantively affect the asset, liability, business operation, equity structure, equity of a third
party and other legal rights (except those occurring during the arm's length operations or daily operation, or having been
disclosed to HUAYA and approved by HUAYA in writing);

 

    	 		 

     

    

 

6.5.3  release
any dividend or share profit to the Personal Shareholders or cause the Target Company to do so in any form.

 

ARTICLE 7 - CONFIDENTIALITY

 

7.1  Notwithstanding
the termination of this Agreement, the Shareholders shall be obligated to keep in confidence the following information (hereinafter
collectively the "CONFIDENTIAL INFORMATION"): (i) information on the execution, performance and the contents of this
Agreement; (ii) the commercial secret, proprietary information and customer information in relation to HUAYA known
to or received by it as the result of execution and performance of this Agreement; and (iii) the commercial secrets, proprietary
information and customer information in relation to Target Company known to or received by it as the shareholder of Target Company.
The Shareholders may use such Confidential Information only for the purpose of performing its obligations under this Agreement.
No Shareholders shall disclose the above Confidential Information to any third parties without the written consent from HUAYA,
or they shall bear the default liability and indemnify the losses.

 

7.2  Upon
termination of this Agreement, both Shareholders shall, upon demand by HUAYA, return, destroy or otherwise
dispose of all the documents, materials or software containing the Confidential Information and suspend using such
Confidential Information.

 

7.3  Notwithstanding
any other provisions herein, the validity of this Article shall not be affected by the suspension or termination of this Agreement.

 

ARTICLE 8 - TERM OF AGREEMENT

 

8.1  This
Agreement shall take effect as of the date of formal execution by the Parties. For each Shareholder, this Agreement shall terminate
in respect to such Shareholder when all the Option Equity of all the Target Company held by him is legally transferred under the
name of HUAYA and/or other entity or individual designated by it in accordance with the provisions of this Agreement.

 

8.2  After
termination of this Agreement in respect to such Shareholder according to Article 8.1 above, this Agreement continues to be fully
valid in respect to other Shareholders.

 

ARTICLE 9 - NOTICE

 

9.1  Any
notice, request, demand and other correspondences made as required by or in accordance with this Agreement shall be made in writing
and delivered to the relevant Party.

 

    	 		 

     

    

 

9.2  The
abovementioned notice or other correspondences shall be deemed to have been delivered when it is transmitted if transmitted by
facsimile or telex; it shall be deemed to have been delivered when it is delivered if delivered in person; it shall be deemed to
have been delivered five (5) days after posting the same if posted by mail.

 

ARTICLE 10 - LIABILITY FOR BREACH
OF CONTRACT

 

10.1  The
Parties agree and confirm that, if any party (hereinafter the "DEFAULTING PARTY") breaches substantially any of the provisions
herein or omits substantially to perform any of the obligations hereunder, or fails substantially to perform any of the obligations
under this Agreement, such a breach or omission shall constitute a default under this Agreement (hereinafter a "DEFAULT"),
then non-defaulting Party shall have the right to require the Defaulting Party to rectify such Default or take remedial measures
within a reasonable period. If the Defaulting Party fails to rectify such Default or take remedial measures within such reasonable
period or within ten (10) days of non-defaulting Party's notifying the Defaulting Party in writing and requiring it to rectify
the Default, then non-defaulting Party shall have the right at its own discretion to select any of the following remedial measures:

 

(1)  to
terminate this Agreement and require the Defaulting Party to indemnify it for all the damage; or

(2)  mandatory
performance of the obligations of the Defaulting Party hereunder and require the Defaulting Party to indemnify it for all the damage.

 

10.2 Without
limiting the generality of Article 10.1, any breach of the Proxy Agreement, the Equity Pledge Agreement shall be deemed as having
constituted the breach by such Shareholder of this Agreement; and any breach by Target Company of any provision in the Exclusive
Service Agreement, if attributable to the failure of any Shareholder to perform the obligations thereof under Article 6.4 hereof,
shall be deemed as having constituted the breach by such Shareholder of this Agreement.

 

10.3 The
Parties agree and confirm that in no circumstances shall the Shareholders request the termination of this Agreement for any reason,
except otherwise stipulated by law or this Agreement.

 

10.4 Notwithstanding
any other provisions herein, the validity of this Article shall stand disregarding the suspension or termination of this Agreement.

 

ARTICLE 11 - MISCELLANEOUS

 

11.1 This
Agreement shall be prepared in the Chinese language in four (4) original copies, with each involved Party holding one (1) copy
hereof.

 

    	 		 

     

    

 

11.2  The formation,
validity, execution, amendment, interpretation and termination of this Agreement shall be subject to PRC Law.

 

11.3 Any disputes arising hereunder
and in connection herewith shall be settled through consultations among the Parties, and if the Parties cannot reach an agreement
regarding such disputes within thirty (30) days of their occurrence, such disputes shall be submitted to Shenzhen Court of International
Arbitration in accordance with the arbitration rules of such Commission in Shenzhen, and the arbitration award shall be final and
binding on all Parties.

 

11.4  Any rights, powers and remedies
empowered to any Party by any provisions herein shall not preclude any other rights, powers and remedies enjoyed by such Party
in accordance with laws and other provisions under this Agreement, and the exercise of its rights, powers and remedies by a Party
shall not preclude its exercise of its other rights, powers and remedies by such Party.

 

11.5 Any failure or delay by
a Party in exercising any of its rights, powers and remedies hereunder or in accordance with laws (hereinafter the "PARTY'S
RIGHTS") shall not lead to a waiver of such rights, and the waiver of any single or partial exercise of the Party's Rights
shall not preclude such Party from exercising such rights in any other way and exercising the remaining part of the Party's Rights.

 

11.6 The titles of the Articles
contained herein shall be for reference only, and in no circumstances shall such titles be used in or affect the interpretation
of the provisions hereof.

 

11.7  Each
provision contained herein shall be severable and independent from each of other provisions, and if at any time any one or more
articles herein become invalid, illegal or unenforceable, the validity, legality or enforceability of the remaining provisions
herein shall not be affected as a result thereof.

 

11.8  Upon
execution, this Agreement shall substitute any other legal documents previously executed by the Parties on the same subject.

 

11.9  Any
amendments or supplements to this Agreement shall be made in writing and shall take effect only when properly signed by the Parties
to this Agreement. Notwithstanding the preceding sentence, considering that the rights and obligations of each of the Shareholders
hereunder are independent and severable from each other, in case the amendment or supplement to this Agreement is intended to have
impact upon one of the Shareholders, such amendment or supplement requires the approval of such Shareholder only and it is not
required to obtain the approval from the other ones of the Shareholders (to the extent the amendment or supplement do not have
impact upon such other Shareholders).

 

    	 		 

     

    

 

11.10   Without
prior written consent by HUAYA, the Shareholders shall not transfer to any third party any of its right and/or obligation
under this Agreement, HUAYA shall have the right to transfer to any third party designated by it any of its right
and/or obligation under this Agreement after notice to the Shareholders.

 

11.11  This
Agreement shall be binding on the legal successors of the Parties.

 

Notwithstanding any provision
to the contrary in this Agreement, in case of the event stipulated under Article 6.2.10, the relevant Shareholder shall, upon
request by HUAYA, procure that such new commercial consulting company should be included as a Target Company defined
hereunder and that the all the equity interest held by such Shareholder in such new commercial consulting company shall become
the Option Equity defined hereunder, by signing the acknowledgement letter in substantially the form attached hereto as Appendix
III. Considering that the rights and obligations of each of the Shareholders hereunder are independent and severable from each
other, the arrangement procuring that the equity interest in such new commercial consulting company becoming the Option Equity
will have no impact on the rights or obligations of the other Shareholders, the above arrangement requires written confirmation
of HUAYA and the relevant Shareholder only. The other Shareholders hereto hereby grant irrevocable and unconditional
waiver in respect to such arrangement, and further acknowledge that the relevant Shareholder should not be obligated to obtain
approval from them when he or it make the equity interest held by him or it Option Equity.

 

[The remainder of this page is
left blank]

 

    	 		 

     

    

 

(EXECUTION PAGE)

 

IN WITNESS HEREOF, the following Parties have caused
this Call Option Agreement to be executed as of the date and in the place first here above mentioned.

 

	Ronghua Liu	 	 
	Signature by: /	s/ Ronghua Liu	 

 

	Qiang Chen 	 	 
	Signature by: 	/s/ Qiang Chen	 

 

HUAYA CONSULTANT (SHENZHEN) CO.,
LTD. (Company chop)

 

	Signed by: 	/s/ Qiang Chen	 
	Name: 	Qiang Chen	 
	Position:	Authorized Representative	 

 

QIANHAI ASIA TIMES (SHENZHEN) INTERNATIONAL FINANCIAL
SERVICES CO., LTD. (Company chop)

 

	Signed by:	/s/ Qiang Chen	 
	Name: 	Qiang Chen	 
	Position:	Authorized RepresentativeExhibit 10.8

 

CONFIDENTIAL

 

SHAREHOLDERS’ VOTING RIGHTS PROXY
AGREEMENT

 

AMONG

 

RONGHUA LIU

 

QIANG CHEN

 

QIANHAI ASIA TIMES (SHENZHEN) INTERNATIONAL
FINANCIAL SERVICES CO., LTD.

 

AND

 

HUAYA CONSULTANT (SHENZHEN) CO., LTD.

 

9th October,  2018

 

    	 	1	 

     

    

 

SHAREHOLDERS’ VOTING
RIGHTS PROXY AGREEMENT

 

This SHAREHOLDERS’ VOTING
RIGHTS PROXY AGREEMENT (this “AGREEMENT”) is entered into as of 9th October, 2018 by and
among the following Parties:

 

(1)  Ronghua
Liu

 

ADDRESS: No. 16, 12 Team, Datang
Village, Dali Town, Beiliu, Guangxi Province, China

ID Number: 450681199012101418

 

(2)  Qiang
Chen

 

ADDRESS: Room 601, Unit 1, Building 9, Chengshi Shangu,
Nanshan District, Shenzhen City, Guangdong Province, China

ID Number:320503197010060537

 

(3)  QIANHAI
ASIA TIMES (SHENZHEN) INTERNATIONAL FINANCE SERVICE CO., LTD. ("ASIA TIMES")

 

REGISTERED ADDRESS: Room 3902A,
Building 5, Dachong International Center, No.39 Tong Gu Road, Yuehai Street, Nanshan district, Shen Zhen, China

 

(4)  HUAYA
CONSULTANT (SHENZHEN) CO, LTD. (HUAYA)

 

REGISTERED ADDRESS: Room 3902,
Building 5, Dachong International Center, No.39 Tong Gu Road, Yuehai Street, Nanshan district, Shen Zhen, China

 

(The above parties shall hereinafter
be individually referred to as a “PARTY” and collectively, “PARTIES”. Ronghua Liu, Qiang Chen shall hereinafter
be individually referred to as a “PERSONAL SHAREHOLDER” and collectively, “PERSONAL SHAREHOLDERS”, Personal
Shareholders and ASIA TIMES shall hereinafter be individually referred to as a “SHAREHOLDER” and collectively,
“SHAREHOLDERS”.)

 

WHEREAS:

 

1.  As
of the date of this Agreement, Ronghua Liu, Qiang Chen are the enrolled shareholders of ASIA TIMES, legally holding all the equity
in ASIA TIMES, of which Ronghua Liu holding 98.5% interest, Qiang Chen holding 1.5%.

 

    	 	2	 

     

    

 

2.   The Shareholders
intend to severally entrust the individual designated by HUAYA with the exercises of their voting rights in Target
Company (as defined below) while HUAYA is willing to designate such an individual.

 

The Parties hereby have reached the following agreement upon
friendly consultations:

 

ARTICLE 1 VOTING RIGHTS ENTRUSTMENT

 

1.1  Under
this Agreement, “TARGET COMPANY” shall mean, to Ronghua Liu, Qiang Chen , ASIA TIMES; and to ASIA TIMES, any and all
of the companies held by ASIA TIMES (exclusive of Qianhai ASIA TIMES (Shenzhen) International Fund Management Company (“Fund
Company”)).

 

1.2  The
Shareholders hereby irrevocably undertake to respectively sign the Entrustment Letter after execution of the Agreement to respectively
entrust the personnel designated by HUAYA CONSULTANT (SHENZHEN) CO., LTD. then (“TRUSTEES”) to exercise the following
rights enjoyed by them as shareholders of Target Company in accordance with the then effective articles of association of Target
Company (collectively, the “ENTRUSTED RIGHTS”):

 

(1)  Proposing
to convene and attending shareholders’ meetings of Target Company as proxy of the Shareholders according to the articles
of association of Target Company;

 

(2)  Exercising
voting rights as proxy of the Shareholders, on issues discussed and resolved by the shareholders’ meeting of Target Company,
including but not limited to the appointment and election for the directors, general manager and other senior management personnel
of Target Company.

 

The above authorization and entrustment
is granted subject to the status of trustees as PRC citizens and the approval by HUAYA. Upon and only upon written notice of dismissing
and replacing Tmstee(s) given by HUAYA to the Shareholders, the Shareholders shall promptly entrust another PRC
citizen then designated by HUAYA to exercise the above Entrusted Rights, and once new entrustment is made, the original
entrustment shall be replaced; the Shareholders shall not cancel the authorization and entrustment of the Trustee(s) otherwise.

 

1.3  The
Trustees shall perform the entrusted obligation within the scope of entrustment in due care and prudence and in compliance with
laws; the Shareholders acknowledge and assume relevant liabilities for any legal consequences of the Trustees’ exercise of
the foregoing Entrusted Rights.

 

1.4  The
Shareholders hereby acknowledge that the Trustees are not required to seek advice from the Shareholders prior to their respective
exercise of the foregoing Entrusted Rights. However, the Trustees shall inform the Shareholders in a timely manner of any resolution
or proposal on convening interim shareholders’ meeting after such resolution or proposal is made.

 

    	 	3	 

     

    

 

ARTICLE 2 RIGHT TO INFORMATION

 

2.1  For
the purpose of exercising the Entrusted Rights under this Agreement, the Trustees are entitled to know the information with regard
to Target Company’s operation, business, clients, finance, staff, etc., and shall have access to relevant materials of Target
Company. Target Company shall adequately cooperate with the Trustees in this regard.

 

ARTICLE 3 EXERCISE OF ENTRUSTED RIGHTS

 

3.1  The
Shareholders will provide adequate assistance to the exercise of the Entrusted Rights by the Trustees, including execution of the
resolutions of the shareholders’ meeting of Target Company or other pertinent legal documents made by the Trustee when necessary
(e.g., when it is necessary for examination and approval of or registration or filing with governmental departments).

 

3.2  If
at any time during the term of this Agreement, the entrustment or exercise of the Entrusted Rights under this Agreement is unenforceable
for any reason except for default of any Shareholder or Target Company, the Parties shall immediately seek a most similar substitute
for the unenforceable provision and, if necessary, enter into supplementary agreement to amend or adjust the provisions herein,
in order to ensure the realization of the purpose of this Agreement.

 

ARTICLE 4 EXEMPTION AND COMPENSATION

 

4.1  The Parties acknowledge
that HUAYA shall not be requested to be liable for or compensate (monetary or otherwise) other Parties or any third
party due to exercise of Entrusted Rights by the Trustees designated by HUAYA under this Agreement.

 

4.2  Target Company
and the Shareholders agree to compensate HUAYA for and hold it harmless against all losses incurred or likely to
be incurred by it due to exercise of the Entrusted Rights by the Trustees designated by HUAYA, including without limitation any
loss resulting from any litigation, demand arbitration or claim initiated or raised by any third party against it or from administrative
investigation or penalty of governmental authorities.

 

However, the Shareholders and Target
Company will not compensate for losses incurred due to willful misconduct or gross negligence of HUAYA.

 

    	 	4	 

     

    

 

ARTICLE 5 REPRESENTATIONS AND WARRANTIES

 

5.1  Each
of the Personal Shareholders hereby severally and jointly represents and warrants that:

 

5.1.1   Each
of the Personal Shareholders is a PRC citizen with full capacity and with full and independent legal status and legal capacity
to execute, deliver and perform this Agreement, and may act independently as a subject of actions.

 

5.1.2   Each
of the Personal Shareholders has full right and authorization to execute and deliver this Agreement and other documents that are
related to the transaction referred to herein and to be executed by them. They have full right and authorization with respect to
consummate the transaction referred to herein.

 

5.1.3   This
Agreement shall be executed and delivered by the Personal Shareholders lawfully and properly. This Agreement constitutes the legal
and binding obligations on them and is enforceable on them in accordance with its terms and conditions hereof.

 

5.1.4   The Personal
Shareholders are enrolled and legal shareholders of Target Company as of the effective date of this Agreement, and except the
rights created by this Agreement, the Call Option Agreement entered into by HUAYA, Target Companies and them on 9th
October, 2018 (the “CALL OPTION AGREEMENT”), as well as the Equity Pledge Agreement entered into by
HUAYA and Target Company and them on 9th October, 2018, (the “EQUITY PLEDGE AGREEMENT”),
there exists no third party right on the Entrusted Rights. Pursuant to this Agreement, the Trustees may fully and sufficiently
exercise the Entrusted Rights in accordance with the then effective articles of association of Target Company.

 

5.1.5   Considering
the fact that according to Equity Pledge Agreement, considering the fact that Personal Shareholders will set aside all the equity
interest held thereby in relevant Target Company as security to secure the performance by them of their obligations under the
Call Option Agreement entered into between them respectively and HUAYA as of 9th October,
2018, Personal Shareholders undertake to make full and due performance of the obligations under Call Option Agreement during the
valid term of this Agreement, and they will not be in conflict with any stipulation under Call Option Agreement, which are likely
to have impact on the exercise of his Entrusted Rights the Trustees under this Agreement.

 

5.1.6   Considering
the facts that the Target Company entered into the Exclusive Agreement (the “EXCLUSIVE SERVICE AGREEMENT”) on 9th
October, 2018 with HUAYA, the Call Option Agreement with HUAYA and the Shareholders on 9th
October, 2018, and that the Shareholders of Target Company will set aside all equity interest held thereby
in Target Company as security to secure the performance of the contractual obligations under the above two agreements by Target
Company, the Personal Shareholders undertake to, during the valid term of this Agreement, procure the full and due performance
of Target Company of any and all its obligations under the Service Agreement, the Call Option Agreement, and warrant that no adverse
impact on the exercise of the Entrusted Rights hereunder by the Trustees will be incurred due to the breach of the Exclusive Service
Agreement, Call Option Agreement by Target Company.

 

    	 	5	 

     

    

 

 

5.2   HUAYA
(excluding the person designated by it) hereby represents and warrants that:

 

5.2.1  it
is a company with limited liability properly registered and legally existing under PRC laws, with an independent corporate legal
person status, and with full and independent legal status and legal capacity to execute, deliver and perform this Agreement and
may act independently as a subject of actions; and

 

5.2.2  it
has the full corporate power and authority to execute and deliver this Agreement and all the other documents to be entered into
by it in relation to the transaction contemplated hereunder, and has the full power and authority to consummate such transaction.

 

5.3  Target Company
other than ASIA TIMES  hereby in respect of themselves respectively represents and warrants that:

 

5.3.1  it
is a company with limited liability properly registered and legally existing under PRC laws, with an independent legal person status,
and with full and independent legal status and legal capacity to execute, deliver and perform this Agreement and may act independently
as a subject of actions; and

 

5.3.2  it
has the full corporate power and authority to execute and deliver this Agreement and all the other documents to be entered into
by it in relation to the transaction contemplated hereunder, and has the full power and authority to consummate such transaction.

 

5.3.3  the
Shareholders are enrolled shareholders as of the effective date of this Agreement, legally holding the equity interest in it. Except
rights created by this Agreement, the Equity Pledge Agreement and the Call Option Agreement, there exists no third party right
on the Entrusted Rights. Pursuant to this Agreement, the Trustees may fully and sufficiently exercise the Entrusted Rights in accordance
with the then effective articles of association of Target Company.

 

5.3.4  Considering
the fact that the Shareholders of Target Company will set aside all the equity interest held thereby in Target Company as security
to secure the performance of the contractual obligations by Target Company under the Exclusive Service Agreement and the Call Option
Agreement, Target Company undertakes to, during the valid term of this Agreement, make full and due performance of any and all
obligations under the Exclusive Service Agreement, the Call Option Agreement, and warrant that no adverse impact on the exercise
of the Entrusted Rights hereunder by the Trustees will be incurred due to the breach of the Exclusive Service Agreement, the Call
Option Agreement by Target Company.

 

    	 	6	 

     

    

 

5.4  ASIA TIMES
hereby in respect of itself represents and warrants that:

 

5.4.1   it
is a company with limited liability properly registered and legally existing under PRC laws, with an independent legal person status,
and with full and independent legal status and legal capacity to execute, deliver and perform this Agreement and may act independently
as a subject of actions; and

 

5.4.2   it
has the full corporate power and authority to execute and deliver this Agreement and all the other documents to be entered into
by it in relation to the transaction contemplated hereunder, and has the full power and authority to consummate such transaction.

 

5.4.3   As
of the effective date of this Agreement, Ronghua Liu, Qiang Chen are enrolled shareholders, legally holding the equity interest
in ASIA TIMES. Except rights created by this Agreement, the Equity Pledge Agreement and the Call Option Agreement, in respect of
ASIA TIMES, there exists no third party right on the Entrusted Rights. Pursuant to this Agreement, the Trustees may fully and sufficiently
exercise the Entrusted Rights according to the then effective articles of association of ASIA TIMES.

 

5.4.4   As
of the effective date of this Agreement and in respect of Target Company in which it holds equity interest, it is enrolled shareholder.
Except rights created by this Agreement, the Call Option Agreement and the Equity Pledge Agreement, there exists no third party
right on the Entrusted Rights. Pursuant to this Agreement, the Trustees may fully and sufficiently exercise the Entrusted Rights
according to the then effective articles of association of Target Company.

 

5.4.5   Considering
the fact that according to the Equity Pledge Agreement, it shall set aside all equity interest held thereby in relevant Target
Company as security to secure the performance of its obligations under the Call Option Agreement. ASIA TIMES undertakes
to make full and due performance of the Call Option Agreement during the valid term of this Agreement and that it will not be
in conflict with any term under the Call Option Agreement, which may have impact on the exercise of the Entrusted Rights by the
Trustees under this Agreement.

 

5.4.6   Considering
the fact that according to the Equity Pledge Agreement, that Shareholders of Target Company will set aside all the equity interest
held thereby in Target Company as security to secure the performance of the contractual obligations by Target Company under the
Exclusive Service Agreement, Call Option Agreement, ASIA TIMES undertakes to, during the valid term of this Agreement,
procure the full and due performance of any and all obligations under the Exclusive Service Agreement and Call Option Agreement
by the Target Company in which it holds equity interest, and warrants that no adverse impact on the exercise of the Entrusted
Rights hereunder by the Trustees will be incurred due to breaching the Exclusive Service Agreement, or Call Option Agreement by
Target Company.

 

    	 	7	 

     

    

 

ARTICLE 6 TERM OF AGREEMENT

 

6.1  This Agreement
takes effect from the date of due execution of all the Parties hereto, with the valid term of twenty (20) years, unless terminated
in advance by written agreement of all the Parties or according to Article 8.1 of this Agreement. This Agreement shall automatically
renew for another one (1) year when the term (whether original or extended, if applicable) of this Agreement is due, unless HUAYA
gives a thirty-day notice in writing to the other Parties of the cancellation of such renewal.

 

6.2  In
case that a Shareholder transfers all of the equity interest held by it in Target Company with prior consent of HUAYA, such Shareholder
shall no longer be a Party to this Agreement whilst the obligations and commitments of the other Parties under this Agreement shall
not be adversely affected thereby.

 

ARTICLE 7 NOTICE

 

7.1  Any
notice, request, demand and other correspondences made as required by or in accordance with this Agreement shall be made in writing
and delivered to the relevant Party.

 

7.2  The
abovementioned notice or other correspondences shall be deemed to have been delivered when (i) it is transmitted if transmitted
by facsimile or telex, or (ii) it is delivered if delivered in person, or (iii) when five (5) days have elapsed after posting the
same if posted by mail.

 

ARTICLE 8 DEFAULT LIABILITY

 

8.1  The
Parties agree and confirm that, if any of the Parties (the “DEFAULTING PARTY”) breaches substantially any of the provisions
herein or fails substantially to perform any of the obligations hereunder, such a breach or failure shall constitute a default
under this Agreement (a “DEFAULT”). In such event any of the other Parties without default (a “NON-DEFAULTING
PARTY”) who incurs losses arising from such a Default shall have the right to require the Defaulting Party to rectify such
Default or take remedial measures within a reasonable period. If the Defaulting Party fails to rectify such Default or take remedial
measures within such reasonable period or within ten (10) days of a Non-defaulting Party’s notifying the Defaulting Party
in writing and requiring it to rectify the Default, then the relevant Non-defaulting Party shall be entitled to choose at its discretion
to (1) terminate this Agreement and require the Defaulting Party to indemnify all damages, or (2) require specific performance
by the Defaulting Party of this Agreement and indemnification against all damages.

 

    	 	8	 

     

    

 

8.2  Without
limiting the generality of Article 8.1 above, any breach by any Shareholder of the Call Option Agreement or Equity Pledge Agreement
shall be deemed as having constituted the breach by such Shareholder of this Agreement; any breach by Target Company of the Exclusive
Service Agreement or Call Option Agreement shall be deemed as having constituted the breach by Target Company of this Agreement.

 

8.3  The
Parties agree and confirm, the Shareholders or Target Company shall not request the termination of this Agreement for whatsoever
reason and under whatsoever circumstance, except otherwise stipulated by laws or this Agreement.

 

8.4  Notwithstanding
any other provisions herein, the validity of this Article shall not be affected by the suspension or termination of this Agreement.

 

ARTICLE 9 MISCELLANEOUS

 

9.1  This
Agreement shall be prepared in Chinese language in four (4) original copies, with each involved Party holding one (1) hereof.

 

9.2
The conclusion, validity, execution, amendment, interpretation and termination of this Agreement shall be governed by laws of
the PRC.

 

9.3  Any
disputes arising from and in connection with this Agreement shall be settled through consultations among the Parties involved,
and if the Parties involved fail to reach an agreement regarding such a dispute within thirty (30) days of its occurrence, such
dispute shall be submitted to Shenzhen Court of International Arbitration in accordance with the arbitration rules of such commission,
and the arbitration award shall be final and binding on all the Parties involved.

 

9.4  Any
rights, powers and remedies empowered to any Party by any provisions herein shall not preclude any other rights, powers and remedies
enjoyed by such Party in accordance with laws and other provisions under this Agreement, and a Party’s exercise of any of
its rights, powers and remedies shall not preclude its exercise of other rights, powers and remedies of it.

 

9.5  Any
failure or delay by a Party in exercising any of its rights, powers and remedies hereunder or in accordance with laws (the “PARTY’S
RIGHTS”) shall not lead to a waiver of such rights, and the waiver of any single or partial exercise of the Party’s
Rights shall not preclude such Party from exercising such rights in any other way or exercising the remaining part of the Party’s
Rights.

 

    	 	9	 

     

    

 

9.6  The
titles of the Articles contained herein are for reference only, and in no circumstances shall such titles be used for or affect
the interpretation of the provisions

 

9.7  Each
provision contained herein shall be severable and independent from each of other provisions. If at any time any one or more articles
herein become invalid, illegal or unenforceable, the validity, legality or enforceability of the remaining provisions herein shall
not be affected thereby.

 

9.8  Upon
execution, this Agreement shall replace any other previous legal documents entered into by relevant Parties on the same subject
matter.

 

9.9  Any
amendments or supplements to this Agreement shall be made in writing and shall take effect only when properly signed by the Parties
to this Agreement. Notwithstanding the preceding sentence, considering that the rights and obligations of each Target Company and
its Shareholders are independent and severable from each other, in case that the amendment or supplement to this Agreement is intended
to have impact upon one of the Target Companies and its Shareholders, such amendment or supplement requires only the approval of
HUAYA, the Target Company and its Shareholder while no consent is necessary from the other Target Companies and their Shareholders
(to the extent that the amendment or supplement does not have impact upon such other Shareholders).

 

9.10  In respect of
the Shareholder and Target Company, they shall not assign any of their rights and/or transfer any of their obligations hereunder
to any third parties without prior written consent from HUAYA; HUAYA shall have the right to assign any of its rights
and/or transfer any of its obligations hereunder to any third parties designated by it after giving notice to the Shareholders.

 

9.11  This
Agreement shall be binding on the legal successors of the Parties.

 

9.12  The
rights and obligations of Target Companies are severable and independent, performance of this Agreement by any Shareholder and
any Target Company shall not affect the performance by the other Shareholders and other Target Companies.

 

    	 	10	 

     

    

 

9.13  Notwithstanding
any provision to the contrary in this Agreement, new companies other than the Target Companies and their shareholder(s) can be
included as one party to this Agreement by signing the Acknowledgement Letter in the form of Appendix to this Agreement. The new
companies shall enjoy the same rights and assume the same obligations as other Target Companies; the shareholder(s) of the new
companies shall enjoy the same rights and assume obligations as the other Shareholders hereunder. Since the rights and obligations
of the Target Company and its Shareholder(s) under the Agreement are severable and independent, the participation of the new target
companies and their shareholders will not affect the rights and obligations of the original Target Company and its Shareholders,
the participation of the new target companies only requires confirmation of HUAYA by signing. Each of the Target
Companies hereby irrevocably and unconditionally agrees to the participation of the new companies and their shareholders, and
further confirms that the shareholder(s) of any new target company can entrust the Trustees to exercise the voting rights according
to the terms of this Agreement not necessarily with consent of the original Target Companies or their relevant Shareholder(s).

 

[The remainder of this page is left blank]

 

    	 	11	 

     

    

 

IN WITNESS HEREOF, the following Parties have caused
this Shareholders’ Voting Rights Proxy Agreement to be executed as of the date first here above mentioned.

 

	Ronghua Liu 	 	 
	Signature by: 	/s/ Ronghua Liu	 

 

	Qiang Chen 	 	 
	Signature by: 	/s/ Qiang Chen	 

 

HUAYA CONSULTANT (SHENZHEN) CO.,
LTD.

(Company chop)

 

	Signed by: 	/s/ Qiang Chen	 
	Name: 	Qiang Chen	 
	Position:	Authorized Representative	 

 

QIANHAI ASIA TIMES (SWENZHEN) INTERNATIONAL FINANCIAL
SERVICES CO., LTD, (Company chop)

 

	Signed by:	/s/ Qiang Chen	 
	Name: 	Qiang Chen	 
	Position:	Authorized Representative	 

 

    	 	12

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