Document:

Exhibit 10.9

 

English Translation

 

EXCLUSIVE
OPTION AGREEMENT

 

This
Exclusive Option Agreement (this “Agreement”) is executed by and among the following Parties as of February 20, 2019
in Fuzhou, the People’s Republic of China (“China” or the “PRC”):

 

Party
A: E-Home Household Service Technology Co., Ltd. a wholly foreign owned enterprise, organized and existing under the laws
of the PRC, with its address at _______;

 

Party
B: Wenshan Xie, a Chinese citizen with Identification No.: ______________;

Zhaodi
Zeng, a Chinese citizen with Identification No.: ______________;

Chuanlong
Huang, a Chinese citizen with Identification No.: ______________;

 

Party
C: Fuzhou Bangchang Technology Co. Ltd., a limited liability company organized and existing under the laws of the PRC, with
its address at ___________.

 

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

 

Whereas,

 

		1.	Party
                                         B is a shareholder of Party C and as of the date hereof holds 100% of equity interests
                                         of Party C, representing RMB1,010,000 in the registered capital of Party C.

 

		2.	Party
                                         B agrees to grant Party A an exclusive purchase right through this Agreement, and Party
                                         A agrees to accept such exclusive right to purchase all or part equity interest held
                                         by Party B in Party C.

 

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

 

		1.	Sale
                                         and Purchase of Equity Interest

 

		1.1	Option
                                         Granted

 

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

 

		1.2	Steps
                                         for Exercise of Equity Interest Purchase Option

 

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

 

     

     

    

 

		1.3	Equity
                                         Interest Purchase Price

 

The
purchase price of the Optioned Interests (the “Base Price”) shall be RMB 10. If PRC law requires a minimum price higher
than the Base Price when Party A exercises Equity Interest Purchase Option, the minimum price permitted under PRC law shall be
the purchase price (collectively, the “Equity Interest Purchase Price”).

 

		1.4	Transfer
                                         of Option Interests

 

For
each exercise of the Equity Interest Purchase Option:

 

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

 

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

 

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

 

		1.4.4	The
                                         relevant Parties shall execute all other necessary contracts, agreements or documents,
                                         obtain all necessary government approvals and permits and take all necessary actions
                                         to transfer valid ownership of the Optioned Interests to Party A and/or the Designee(s),
                                         unencumbered by any security interests, and cause Party A and/or the Designee(s) to become
                                         the registered owner(s) of the Optioned Interests. For the purpose of this Section and
                                         this Agreement, “security interests” shall include securities, mortgages,
                                         third party’s rights or interests, any stock options, acquisition right, right
                                         of first refusal, right to offset, ownership retention or other security arrangements,
                                         but shall be deemed to exclude any security interest created by this Agreement, Party
                                         B’s Equity Interest Pledge Agreement and Party B’s Power of Attorney. “Party
                                         B’s Equity Interest Pledge Agreement” as used in this Agreement shall refer
                                         to the Interest Pledge Agreement executed by and among Party A, Party B and Party C on
                                         the date hereof and any modification, amendment and restatement thereto. “Party
                                         B’s Power of Attorney” as used in this Agreement shall refer to the Power
                                         of Attorney executed by Party B on the date hereof granting Party A with power of attorney
                                         and any modification, amendment and restatement thereto.

 

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		2.	Covenants

 

		2.1	Covenants
                                         regarding Party C

 

Party
B (as a shareholder of Party C) and Party C hereby covenant as follows:

 

		2.1.1	Without
                                         the prior written consent of Party A, they shall not in any manner supplement, change
                                         or amend the articles of association of Party C, increase or decrease its registered
                                         capital, or change its structure of registered capital in other manners;

 

		2.1.2	They
                                         shall maintain Party C’s corporate existence in accordance with good financial
                                         and business standards and practices, obtain and maintain all necessary government licenses
                                         and permits by prudently and effectively operating its business and handling its affairs;

 

		2.1.3	Without
                                         the prior written consent of Party A, they shall not at any time following the date hereof,
                                         sell, transfer, mortgage or dispose of in any manner any material assets of Party C or
                                         legal or beneficial interest in the material business or revenues of Party C of more
                                         than RMB 10,000,000, or allow the encumbrance thereon of any security interest;

 

		2.1.4	Without
                                         the prior written consent of Party A, they shall not incur, inherit, guarantee or suffer
                                         the existence of any debt, except for payables incurred in the ordinary course of business
                                         other than through loans;

 

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

 

		2.1.6	Without
                                         the prior written consent of Party A, they shall not cause Party C to execute any major
                                         contract, except the contracts in the ordinary course of business (for purpose of this
                                         subsection, a contract with a price exceeding RMB500,000 shall be deemed a major contract);

 

		2.1.7	Without
                                         the prior written consent of Party A, they shall not cause Party C to provide any person
                                         with any loan or credit;

 

		2.1.8	They
                                         shall provide Party A with information on Party C’s business operations and financial
                                         condition at Party A’s request;

 

		2.1.9	If
                                         requested by Party A, they shall procure and maintain insurance in respect of Party C’s
                                         assets and business from an insurance carrier acceptable to Party A, at an amount and
                                         type of coverage typical for companies that operate similar businesses;

 

		2.1.10	Without
                                         the prior written consent of Party A, they shall not cause or permit Party C to merge,
                                         consolidate with, acquire or invest in any person;

 

		2.1.11	They
                                         shall immediately notify Party A of the occurrence or possible occurrence of any litigation,
                                         arbitration or administrative proceedings relating to Party C’s assets, business
                                         or revenue;

 

		2.1.12	To
                                         maintain the ownership by Party C of all of its assets, they shall execute all necessary
                                         or appropriate documents, take all necessary or appropriate actions, file all necessary
                                         or appropriate complaints, and raise necessary or appropriate defenses against all claims;

 

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		2.1.13	Without
                                         the prior written consent of Party A, they shall ensure that Party C shall not in any
                                         manner distribute dividends to its shareholders, provided that upon Party A’s written
                                         request, Party C shall immediately distribute all distributable profits to its shareholders;

 

		2.1.14	At
                                         the request of Party A, they shall appoint any person designated by Party A as the director
                                         or executive director of Party C;

 

		2.1.15	Without
                                         Party A’s prior written consent, they shall not engage in any business in competition
                                         with Party A or its affiliates; and

 

		2.1.16	Unless
                                         otherwise required by PRC law, Party C shall not be dissolved or liquated without prior
                                         written consent by Party A.

 

		2.2	Covenants
                                         of Party B

 

Party
B hereby covenants as follows:

 

		2.2.1	Unless
                                         having prior written consent of Party A, Party B shall not sell, transfer, mortgage or
                                         dispose of in any other manner any legal or beneficial interest in the equity interests
                                         in Party C held by Party B, or allow the encumbrance thereon, except for the interest
                                         placed in accordance with Party B’s Equity Interest Pledge Agreement and Party
                                         B’s Power of Attorney;

 

		2.2.2	Unless
                                         having prior written consent of Party A, Party B shall cause the shareholders’
                                         meeting and/or the directors (or the executive director) of Party C not to approve any
                                         sale, transfer, mortgage or disposition in any other manner of any legal or beneficial
                                         interest in the equity interests in Party C held by Party B, or allow the encumbrance
                                         thereon of any security interest, except for the interest placed in accordance with Party
                                         B’s Equity Interest Pledge Agreement and Party B’s Power of Attorney;

 

		2.2.3	Unless
                                         having prior written consent of Party A, Party B shall cause the shareholders’
                                         meeting or the directors (or the executive director) of Party C not to approve the merger
                                         or consolidation with any person, or the acquisition of or investment in any person;

 

		2.2.4	Party
                                         B shall immediately notify Party A of the occurrence or possible occurrence of any litigation,
                                         arbitration or administrative proceedings relating to the equity interests in Party C
                                         held by Party B;

 

		2.2.5	Party
                                         B shall cause the shareholders’ meeting or the directors (or the executive director)
                                         of Party C to vote their approval of the transfer of the Optioned Interests as set forth
                                         in this Agreement and to take any and all other actions that may be requested by Party
                                         A;

 

		2.2.6	To
                                         the extent necessary to maintain Party B’s ownership in Party C, Party B shall execute
                                         all necessary or appropriate documents, take all necessary or appropriate actions, file
                                         all necessary or appropriate complaints, and raise necessary or appropriate defenses
                                         against all claims;

 

		2.2.7	Party
                                         B shall appoint any designee of Party A as the director or the executive director of
                                         Party C, at the request of Party A;

 

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		2.2.8	Party
                                         B hereby waives its right of first of refusal to transfer of equity interest by any other
                                         shareholder of Party C to Party A (if any), and gives consent to execution by each other
                                         shareholder of Party C with Party A and Party C the exclusive option agreement, the equity
                                         interest pledge agreement and the power of attorney similar to this Agreement, Party
                                         B’s Equity Interest Pledge Agreement and Party B’s Power of Attorney and
                                         undertakes not to take any action in conflict with such documents executed by the other
                                         shareholders;

 

		2.2.9	Party
                                         B shall promptly donate any profit, interest, dividend or proceeds of liquidation to
                                         Party A or any other person designated by Party A to the extent permitted under applicable
                                         PRC laws; and

 

		2.2.10	Party
                                         B shall strictly abide by the provisions of this Agreement and other contracts jointly
                                         or separately executed by and among Party B, Party C and Party A, perform the obligations
                                         hereunder and thereunder, and refrain from any action/omission that may affect the effectiveness
                                         and enforceability thereof. To the extent that Party B has any remaining rights with
                                         respect to the equity interests subject to this Agreement hereunder or under the Party
                                         B’s Equity Interest Pledge Agreement or under the Party B’s Power of Attorney,
                                         Party B shall not exercise such rights except in accordance with the written instructions
                                         of Party A.

 

		3.	Representations
                                         and Warranties

 

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

 

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

 

		3.2	Party
                                         B and Party C have obtained any and all approvals and consents from government authorities
                                         and third parties (if required) for execution, delivery and performance of this Agreement.

 

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

 

		3.4	Party
                                         B has a good and merchantable title to the equity interests held by Party B in Party
                                         C. Except for Party B’s Equity Interest Pledge Agreement and Party B’s Power
                                         of Attorney, Party B has not placed any security interest on such equity interests.

 

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

 

		3.6	Party
                                         C does not have any outstanding debts, except for (i) debt incurred in the ordinary course
                                         of business; and (ii) debts disclosed to Party A for which Party A’s written consent
                                         has been obtained.

 

		3.7	Party
                                         C has complied with all laws and regulations of China applicable to asset acquisitions.

 

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

 

		4.	Effective
                                         Date and Term

 

This
Agreement shall become effective upon execution by the Parties, and remain effective until all equity interests held by Party
B in Party C have been transferred or assigned to Party A and/or any other person designated by Party A in accordance with this
Agreement.

 

		5.	Governing
                                         Law and Resolution Disputes

 

		5.1	Governing
                                         law

 

The
execution, effectiveness, construction, performance, amendment and termination of this Agreement and the resolution of disputes
hereunder shall be governed by the laws of PRC.

 

		5.2	Methods
                                         of Resolution of Disputes

 

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

 

		6.	Taxes
                                         and Fees

 

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

 

		7.	Notices

 

		7.1	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:

 

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

 

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

 

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

 

Party
A:

Address:

Attn:

Phone:

Facsimile:

 

Party
B:

Address:

Attn:

Phone:

Facsimile:

 

Party
C:

Address:

Attn:

Phone:

Facsimile:

 

		7.5	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.

 

		8.	Confidentiality

 

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

 

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		9.	Further
                                         Warranties

 

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

 

		10.	Breach
                                         of Agreement

 

		10.1	If
                                         Party B or Party C conducts any material breach of any term of this Agreement, Party
                                         A shall have right to terminate this Agreement and/or require the Party B or Party C
                                         to compensate all damages; this Section 10 shall not prejudice any other rights of Party
                                         A herein;

 

		10.2	Party
                                         B or Party C shall not have any right to terminate this Agreement in any event unless
                                         otherwise required by applicable laws.

 

		11.	Miscellaneous

 

		11.1	Amendment,
                                         change and supplement

 

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

 

		11.2	Entire
                                         agreement

 

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

 

		11.3	Headings

 

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

 

		11.4	Language

 

This
Agreement is written in Chinese in five copies, each Party having one copy. Each copy shall have equal legal validity.

 

		11.5	Severability

 

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

 

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		11.6	Successors

 

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

 

		11.7	Survival

 

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

 

		11.7.2	The
                                         provisions of Sections 5, 8, 10 and this Section 11.7 shall survive the termination of
                                         this Agreement.

 

		11.8	Waivers

 

Any
Party may waive the terms and conditions of this Agreement, provided that such a waiver must be provided in writing and shall
require the signatures of all of the Parties. No waiver by any Party in certain circumstances with respect to a breach by other
Parties shall operate as a waiver by such a Party with respect to any similar breach in other circumstances.

 

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

 

Party
A: E-Home Household Service Technology Co., Ltd.

 

	By:	          	 	 	 
	Name:
    Wenshan Xie	 	 
	Title:
    Legal Representative	 	 
	 	 	 	 	 
	Party
    B:	 	 	 
	 	 	 	 	 
	Wenshan
    Xie	Zhaodi
    Zeng
	 	 	 	 	 
	By:	  	 	By:	          
	 	 	 	 	 
	Chuanlong
    Huang	 	 
	 	 	 	 	 
	By:	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Party
    C: Fuzhou Bangchang Technology Co. Ltd.	 	 
	 	 	 	 	 
	By:	 	 	 	 
	Name:
    Zhaodi Zeng	 	 
	Title:
    Legal Representative	 	 

 

 

10Exhibit 10.10

 

English Translation

 

EQUITY
INTEREST PLEDGE AGREEMENT

 

This
Equity Interest Pledge Agreement (this “Agreement”) has been executed by and among the following Parties as of February
20, 2019 in Fuzhou, the People’s Republic of China (“China” or the “PRC”):

 

Party
A/ Pledgee: E-Home Household Service Technology Co., Ltd. a wholly foreign owned enterprise, organized and existing under
the laws of the PRC, with its address at _________;

 

Party
B/ Pledgors: 

Wenshan
Xie, a Chinese citizen with Identification No.: ______________;

Zhaodi
Zeng, a Chinese citizen with Identification No.: ______________;

Chuanlong
Huang, a Chinese citizen with Identification No.: ______________;

 

Party
C: Fuzhou Bangchang Technology Co., Ltd., a limited liability company organized and existing under the laws of the PRC, with
its address at __________.

 

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 a citizen of China who as of the date hereof holds 100% of equity interests of Party
                                         C, representing RMB1,010,000 in the registered capital of Party C. Party C is a limited
                                         liability company registered in Fuzhou, China. Party C acknowledges the respective rights
                                         and obligations of Pledgor and Pledgee under this Agreement, and intends to provide any
                                         necessary assistance in registering the Pledge;

 

		2.	Pledgee
                                         is a wholly foreign-owned enterprise registered in China. Pledgee and Party C which is
                                         partially owned by Pledgor have executed an Exclusive Business Cooperation Agreement
                                         (as defined below) in Fuzhou; Party C, Pledgee and Pledgors have executed an Exclusive
                                         Option Agreement (as defined below); Pledgor has executed a Power of Attorney (as defined
                                         below) in favor of Pledgee;

 

		3.	To
                                         ensure that Party C and Pledgors fully perform their obligations under the Exclusive
                                         Business Cooperation Agreement, the Exclusive Option Agreement and the Power of Attorney,
                                         Pledgor hereby pledges to the Pledgee all of the equity interest that Pledgor holds in
                                         Party C as security for Party C’s and Pledgor’s obligations under the Exclusive
                                         Business Cooperation Agreement, the Exclusive Option Agreement and the Power of Attorney.

 

To
perform the provisions of the Transaction Documents (as defined below), the Parties have mutually agreed to execute this Agreement
upon the following terms.

 

		1.	Definitions

 

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

 

		1.1	Pledge:
                                         shall refer to the security interest granted by Pledgor to Pledgee pursuant to Section
                                         2 of this Agreement, i.e., the right of Pledgee to be paid in priority with the Equity
                                         Interest based on the monetary valuation that such Equity Interest is converted into
                                         or from the proceeds from auction or sale of the Equity Interest.

 

		1.2	Equity
                                         Interest: shall refer to 100% equity interests in Party C currently held by Pledgor,
                                         representing RMB1,010,000 in the registered capital of Party C, and all of the equity
                                         interest hereafter acquired by Pledgors in Party C.

 

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

 

		1.4	Transaction
                                         Documents: shall refer to the Exclusive Business Cooperation Agreement executed by and
                                         between Party C and Pledgee on February 22, 2019 (the “Exclusive Business Cooperation
                                         Agreement”), the Exclusive Option Agreement executed by and among Party C, Pledgee
                                         and Pledgor on February 22, 2019 (the “Exclusive Option Agreement”), Power
                                         of Attorney executed on February 22, 2019 by Pledgor (the “Power of Attorney”)
                                         and any modification, amendment and restatement to the aforementioned documents.

 

     

     

    

 

		1.5	Contract
                                         Obligations: shall refer to all the obligations of Pledgor under the Exclusive Option
                                         Agreement, the Power of Attorney and this Agreement; all the obligations of Party C under
                                         the Exclusive Business Cooperation Agreement, the Exclusive Option Agreement and this
                                         Agreement.

 

		1.6	Secured
                                         Indebtedness: shall refer to all the direct, indirect and derivative losses and losses
                                         of anticipated profits, suffered by Pledgee, incurred as a result of any Event of Default.
                                         The amount of such loss shall be calculated in accordance with the reasonable business
                                         plan and profit forecast of Pledgee, the consulting and service fees payable to Pledgee
                                         under the Exclusive Business Cooperation Agreement, all expenses occurred in connection
                                         with enforcement by Pledgee of Pledgors’ and/or Party C’s Contract Obligations
                                         and etc.

 

		1.7	Event
                                         of Default: shall refer to any of the circumstances set forth in Section 7 of this Agreement.

 

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

 

		2.	Pledge

 

		2.1	Pledgors
                                         agree to pledge all the Equity Interest as security for performance of the Contract Obligations
                                         and payment of the Secured Indebtedness under this Agreement. Party C hereby assents
                                         that Pledgor pledges the Equity Interest to the Pledgee pursuant to this Agreement.

 

		2.2	During
                                         the term of the Pledge, Pledgee is entitled to receive dividends distributed on the Equity
                                         Interest. Pledgor may receive dividends distributed on the Equity Interest only with
                                         prior written consent of Pledgee. Dividends received by Pledgor on Equity Interest after
                                         deduction of individual income tax paid by Pledgor shall be, as required by Pledgee,
                                         (1) deposited into an account designated and supervised by Pledgee and used to secure
                                         the Contract Obligations and pay the Secured Indebtedness prior and in preference to
                                         make any other payment; or (2) unconditionally donated to Pledgee or any other person
                                         designated by Pledgee to the extent permitted under applicable PRC laws.

 

		2.3	Pledgors
                                         may subscribe for capital increase in Party C only with prior written consent of Pledgee.
                                         Any equity interest obtained by Pledgor as a result of Pledgor’s subscription of
                                         the increased registered capital of the Company shall also be deemed as Equity Interest.

 

		2.4	In
                                         the event that Party C is required by PRC law to be liquidated or dissolved, any interest
                                         distributed to Pledgor upon Party C’s dissolution or liquidation shall, upon the
                                         request of the Pledgee, be (1) deposited into an account designate and supervised by
                                         Pledgee and used to secure the Contract Obligations and pay the Secured Indebtedness
                                         prior and in preference to make any other payment; or (2) unconditionally donated to
                                         Pledgee or any other person designated by Pledgee to the extent permitted under applicable
                                         PRC laws.

 

		3.	Term
                                         of Pledge

 

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

 

		3.2	During
                                         the Term of Pledge, in the event Pledgors and/or Party C fails to perform the Contract
                                         Obligations or pay Secured Indebtedness, Pledgee shall have the right, but not the obligation,
                                         to exercise the Pledge in accordance with the provisions of this Agreement.

 

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		4.	Custody
                                         of Records

 

During
the Term of Pledge set forth in this Agreement, Pledgors shall deliver to Pledgee’s custody the capital contribution certificate
for the Equity Interest and the shareholders’ register containing the Pledge within one week from the execution of this
Agreement. Pledgee shall have custody of such documents during the entire Term of Pledge set forth in this Agreement.

 

		5.	Representations
                                         and Warranties of Each Pledgor and Party C

 

As
of the execution date of this Agreement, Pledgor and Party C hereby jointly and severally represent and warrant to Pledgee that:

 

		5.1	Pledgor
                                         is the sole legal and beneficial owner of the Equity Interest.

 

		5.2	Pledgee
                                         shall have the right to dispose of and transfer the Equity Interest in accordance with
                                         the provisions set forth in this Agreement.

 

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

 

		5.4	Pledgor
                                         and Party C have obtained any and all approvals and consents from applicable government
                                         authorities and third parties (if required) for execution, delivery and performance of
                                         this Agreement.

 

		5.5	The
                                         execution, delivery and performance of this Agreement will not: (i) violate any relevant
                                         PRC laws; (ii) conflict with Party C’s articles of association or other constitutional
                                         documents; (iii) result in any breach of or constitute any default under any contract
                                         or instrument to which it is a party or by which it is otherwise bound; (iv) result in
                                         any violation of any condition for the grant and/or maintenance of any permit or approval
                                         granted to any Party; or (v) cause any permit or approval granted to any Party to be
                                         suspended, cancelled or attached with additional conditions.

 

		6.	Covenants
                                         of Pledgor and Party C

 

		6.1	During
                                         the term of this Agreement, Pledgor and Party C hereby jointly and severally covenant
                                         to the Pledgee:

 

		6.1.1	Pledgor
                                         shall not transfer the Equity Interest, place or permit the existence of any security
                                         interest or other encumbrance on the Equity Interest or any portion thereof, without
                                         the prior written consent of Pledgee, except for the performance of the Transaction Documents;

 

		6.1.2	Pledgor
                                         and Party C shall comply with the provisions of all laws and regulations applicable to
                                         the pledge of rights, and within five (5) days of receipt of any notice, order or recommendation
                                         issued or prepared by relevant competent authorities regarding the Pledge, shall present
                                         the aforementioned notice, order or recommendation to Pledgee, and shall comply with
                                         the aforementioned notice, order or recommendation or submit objections and representations
                                         with respect to the aforementioned matters upon Pledgee’s reasonable request or
                                         upon consent of Pledgee;

 

		6.1.3	Pledgor
                                         and Party C shall promptly notify Pledgee of any event or notice received by Pledgor
                                         that may have an impact on 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.

 

		6.1.4	Party
                                         C shall complete the registration procedures for extension of the term of operation within
                                         three (3) months prior to the expiration of such term to maintain the validity 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 for the Contract Obligations
                                         and Secured Indebtedness, 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 persons/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.

 

    3

     

    

 

		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.

 

		7.	Event
                                         of Breach

 

		7.1	The
                                         following circumstances shall be deemed Event of Default:

 

		7.1.1	Pledgor’s
                                         any breach to any obligations under the Transaction Documents and/or this Agreement.

 

		7.1.2	Party
                                         C’s any breach to any obligations under the Transaction Documents and/or this Agreement.

 

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

 

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

 

		8.	Exercise
                                         of Pledge

 

		8.1	Pledgee
                                         shall issue a written Notice of Default to Pledgor when it exercises the Pledge.

 

		8.2	Subject
                                         to the provisions of Section 7.3, Pledgee may exercise the right to enforce the Pledge
                                         at any time after the issuance of the Notice of Default in accordance with Section 8.1.
                                         Once Pledgee elects to enforce the Pledge, Pledgor shall cease to be entitled to any
                                         rights or interests associated with the Equity Interest.

 

		8.3	After
                                         Pledgee issues a Notice of Default to Pledgor in accordance with Section 8.1, Pledgee
                                         may exercise any remedy measure under applicable PRC laws, the Transaction Documents
                                         and this Agreement, including but not limited to being paid in priority with the Equity
                                         Interest based on the monetary valuation that such Equity Interest is converted into
                                         or from the proceeds from auction or sale of the Equity Interest. The Pledgee shall not
                                         be liable for any loss incurred by its duly exercise of such rights and powers.

 

		8.4	The
                                         proceeds from exercise of the Pledge by Pledgee shall be used to pay for tax and expenses
                                         incurred as result of disposing the Equity Interest and to perform Contract Obligations
                                         and pay the Secured Indebtedness to the Pledgee prior and in preference to any other
                                         payment. After the payment of the aforementioned amounts, the remaining balance shall
                                         be returned to Pledgor or any other person who have rights to such balance under applicable
                                         laws or be deposited to the local notary public office where Pledgor resides, with all
                                         expense incurred being borne by Pledgor. To the extent permitted under applicable PRC
                                         laws, Pledgor shall unconditionally donate the aforementioned proceeds to Pledgee or
                                         any other person designated by Pledgee.

 

		8.5	Pledgee
                                         may exercise any remedy measure available simultaneously or in any order. Pledgee may
                                         exercise the right to being paid in priority with the Equity Interest based on the monetary
                                         valuation that such Equity Interest is converted into or from the proceeds from auction
                                         or sale of the Equity Interest under this Agreement, without exercising any other remedy
                                         measure first.

 

		8.6	Pledgee
                                         is entitled to designate an attorney or other representatives to exercise the Pledge
                                         on its behalf, and Pledgor or Party C shall not raise any objection to such exercise.

 

		8.7	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.

 

    4

     

    

 

		9.	Breach
                                         of Agreement

 

		9.1	If
                                         Pledgor or Party C conducts any material breach of any term of this Agreement, Pledgee
                                         shall have right to terminate this Agreement and/or require Pledgor or Party C to indemnify
                                         all damages; this Section 9 shall not prejudice any other rights of Pledgee herein;

 

		9.2	Pledgor
                                         or Party C shall not have any right to terminate this Agreement in any event unless otherwise
                                         required by applicable laws.

 

		10.	Assignment

 

		10.1	Without
                                         Pledgee’s prior written consent, Pledgor and Party C shall not have the right to
                                         assign or delegate their rights and obligations under this Agreement.

 

		10.2	This
                                         Agreement shall be binding on Pledgor and his/her successors and permitted assigns, and
                                         shall be valid with respect to Pledgee and each of his/her successors and assigns.

 

		10.3	At
                                         any time, Pledgee may assign any and all of its rights and obligations under the Transaction
                                         Documents and this Agreement to its designee(s), in which case the assigns shall have
                                         the rights and obligations of Pledgee under the Transaction Documents and this Agreement,
                                         as if it were the original party to the Transaction Documents and this Agreement.

 

		10.4	In
                                         the event of change of Pledgee due to assignment, Pledgor and/or Party C shall, at the
                                         request of Pledgee, execute a new pledge agreement with the new pledgee on the same terms
                                         and conditions as this Agreement, and register the same with the relevant AIC.

 

		10.5	Pledgor
                                         and Party C 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 Transaction
                                         Documents, 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.

 

		11.	Termination

 

		11.1	Upon
                                         the fulfillment of all Contract Obligations and the full payment of all Secured Indebtedness
                                         by Pledgors and Party C, Pledgee shall release the Pledge under this Agreement upon Pledgor’s
                                         request as soon as reasonably practicable and shall assist Pledgors to de-register the
                                         Pledge from the shareholders’ register of Party C and with relevant PRC local administration
                                         for industry and commerce.

 

		11.2	The
                                         provisions under Sections 9, 13, 14 and 11.2 herein of this Agreement shall survive the
                                         expiration or termination of this Agreement.

 

		12.	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.

 

		13.	Confidentiality

 

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

 

    5

     

    

 

		14.	Governing
                                         Law and Resolution of Disputes

 

		14.1	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.

 

		14.2	In
                                         the event of any dispute with respect to the construction and performance of this Agreement,
                                         the Parties shall first resolve the dispute through friendly negotiations. In the event
                                         the Parties fail to reach an agreement on the dispute within 30 days after either Party’s
                                         request to the other Party for resolution of the dispute through negotiations, either
                                         Party may submit the relevant dispute to Fuzhou Arbitration Commission for arbitration,
                                         in accordance with its arbitration rules. The arbitration shall be conducted in Fuzhou.
                                         The arbitration award shall be final and binding on both Parties.

 

		14.3	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 shall continue to exercise their respective rights under this Agreement
                                         and perform their respective obligations under this Agreement.

 

		15.	Notices

 

		15.1	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:

 

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

 

		15.1.2	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).

 

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

 

Party
A:

Address:

Attn:

Phone:

Facsimile:

 

Party
B:

Address:

Attn:

Phone:

Facsimile:

 

Party
C:

Address:

Attn:

Phone:

Facsimile:

 

		15.3	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.

 

    6

     

    

 

		16.	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.

 

		17.	Attachments

 

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

 

		18.	Effectiveness

 

		18.1	This
                                         Agreement shall become effective upon execution by the Parties.

 

		18.2	Any
                                         amendments, changes and supplements to this Agreement shall be in writing and shall become
                                         effective upon completion of the governmental filing procedures (if applicable) after
                                         the affixation of the signatures or seals of the Parties.

 

		19.	Language
                                         and Counterparts

 

This
Agreement is written in Chinese in ten copies. Pledgors, Pledgee and Party C shall hold one copy respectively and the other copy
shall be used for registration. Each copy shall have equal legal validity.

 

The
Remainder of this page is intentionally left blank

 

    7

     

    

 

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

 

Party
A: E-Home Household Service Technology Co., Ltd.

 

	By:	          	 	 	 
	Name:
    Wenshan Xie	 
	Title:
    Legal Representative	 
	 	 	 	 	 
	Party B:	 	 	 	 
	 	 	 	 	 
	Wenshan
    Xie	Zhaodi
                                         Zeng

	 	 	 	 	 
	By:	       	 	By:	          
	 	 	 	 	 
	Chuanlong
    Huang	 
	 	 	 	 	 
	By:	 	 	 	 
	 	 	 	 	 
	Party
    C: Fuzhou Bangchang Technology Co. Ltd.	 
	 	 	 	 	 
	By:	 	 	 	 
	Name:
    Zhaodi Zeng	 
	Title:
    Legal Representative	 

 

    8

     

    

 

Attachments:

 

		1.	Register
                                         of Shareholders of Party C

 

		2.	The
                                         capital Contribution Certificate for Party C

 

		3.	Exclusive
                                         Business Cooperation Agreement

 

		4.	Exclusive
                                         Option Agreement

 

		5.	Form
                                         of Voting Rights Proxy and Financial Supporting Agreement

 

		6.	Power
                                         of Attorney

 

 

9

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