Document:

Exhibit 10.2

 

Business Cooperation Agreement

 

This Business Cooperation
Agreement (this “Agreement”) is made and entered into by and between the following parties on June 3, 2017 in Wuhan,
the People’s Republic of China (“China” or the “PRC”).

 

	Party A:	Wuhan Shengshi Leju Management Co., Ltd.
	 	 
	Address:	Room 1, 15F, Building 6, Fanhai International Tower, Soho City, Central Business Area, Wang Jia Dun, Jianghan District, Wuhan
	 	 
	Party B:	Shengshi Leju (Wuhan) Technology Holdings Co. Ltd.
	 	 
	Address:	No.1, 23F, Building 4, Fanhai International Tower, Soho City, Central Business Area, Jianghan District, Wuhan

 

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

 

Whereas,

 

		1.	Party A is a wholly-foreign-owned enterprise established in China, and has the necessary resources
to provide technical and consulting services;

 

		2.	Party B is a company with exclusively domestic capital registered in China and engages in internet
home decoration and other businesses (the “Principal Business”).

 

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

 

Now, therefore, through
mutual discussion, the Parties have reached the following agreements:

 

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 Business Cooperation Agreement

     

    

 

		1	Services Provided by Party A

 

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

 

		1.2.	Party B agrees to accept all the consultations and services provided by Party A. Party B further
agrees that unless with Party A's prior written consent, during the term of this Agreement, Party B shall not directly or indirectly
accept the same or any similar consultations and/or services provided by any third party and shall not establish similar corporation
relationship with any third party regarding the matters contemplated by this Agreement. The Parties agree that Party A may appoint
other parties, who may enter into certain agreements described in Section 1.3 with Party B, to provide Party B with the consultations
and/or services under this Agreement.

 

		1.3.	Service Providing Methodology

 

		1.1.1.	Party A and Party B agree that during the term of this Agreement, where necessary, Party B may
enter into further technical service agreements or consulting service agreements with Party A or any other party designated by
Party A, which shall provide the specific contents, manner, personnel, and fees for the specific technical services and consulting
services.

 

		1.1.2.	To fulfill this Agreement, Party A and Party B agree that during the term of this Agreement, where
necessary, Party B may enter into equipment or property lease agreements with Party A or any other party designated by Party A
which shall permit Party B to use Party A's or its designee’s relevant equipment or property based on the needs of the business
of Party B.

 

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 Business Cooperation Agreement

     

    

 

		2.	The Calculation and Payment of the Service Fees

 

Both Parties
agree that, in consideration of the services provided by Party A, Party B shall pay to Party A the fees (the “Service
Fees”) equal to 100% of the after-tax net income of Party B; however, upon mutual discussion between the Parties
and the prior written consent by Party A, the rate of Service Fees may be adjusted based on the services rendered by Party A in
that month and the operational needs of Party B. All out-of-pocket expenses (including without limitation the travelling expenses,
accommodation, transportation, printing and postage fees and etc.) that Party A may incur as a result of the provision of the Services
hereunder shall be solely borne by Party B. The Service Fees shall be due and payable on a monthly basis; within 30 days after
the end of each month, Party B shall (a) deliver to Party A the management accounts and operating statistics of Party B for such
month, including the after-tax net income of Party B during such month (the “Monthly Income”), and (b) pay 100%
of such Monthly Income, or other amount agreed by Party A, to Party A (each such payment, a “Monthly Payment”). Within
ninety (90) days after the end of each fiscal year, Party B shall (a) deliver to Party A audited financial statements of Party
B for such fiscal year, which shall be audited and certified by an independent certified public accountant approved by Party A,
and (b) pay an amount to Party A equal to the shortfall, if any, of the net income of Party B for such fiscal year, as shown in
such audited financial statements, as compared to the aggregate amount of the Monthly Payments paid by Party B to Party A in such
fiscal year. Unless the Parties agree otherwise or the law provides otherwise, the Service Fees payable by Party B hereunder shall
not be subject to any deduction or set-off (e.g. bank handling fees etc). The management report, operation data and financial statements
provided by Party B shall be true, valid, accurate and complete. If Party A suffers any losses as a result of any defect of the
aforesaid documents, Party B shall be fully responsible for such losses. In the event that Party B’s payment obligation hereunder
is reduced or released because of the provision by Party B of any fraudulent materials to Party A, Party B hereby irrevocably undertakes
to compensate Party A accordingly for the amount so reduced or released.

 

		3.	Intellectual Property Rights and Confidentiality 

 

		3.1.	To the extent permitted under the PRC laws, Party A shall have exclusive and proprietary rights
and interests in all rights, ownership, interests and intellectual properties arising out of or created during the performance
of this Agreement, including but not limited to copyrights, patents, patent applications, software, technical secrets, trade secrets
and others. Party B shall execute all appropriate documents, take all appropriate actions, submit all filings and/or applications,
render all appropriate assistance and otherwise conduct whatever is necessary as deemed by Party A in its sole discretion for the
purposes of vesting any ownership, right or interest of any such intellectual property rights in Party A, and/or perfecting the
protections for any such intellectual property rights in Party A.

 

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 Business Cooperation Agreement

     

    

 

		3.2.	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, investors, legal counsels
or financial advisors regarding the transaction contemplated hereunder, provided that such shareholders, investors, legal counsels
or financial advisors shall be bound by the confidentiality obligations similar to those set forth in this Section. Disclosure
of any confidential information by the staff members or agencies hired by any Party shall be deemed disclosure of such confidential
information by such Party, which such Party shall be held liable for breach of this Agreement. This Section shall survive the termination
of this Agreement for any reason.

 

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

 

		4.	Representations and Warranties

 

		4.1.	Party A hereby represents and warrants as follows:

 

		4.1.1.	Party A is a wholly-foreign-owned enterprise legally registered and validly existing in accordance
with the laws of China.

 

		4.1.2.	Party A has taken all necessary corporate actions, obtained all necessary authorization and the
consent and approval from third parties and government agencies (if any) for the execution and performance of this Agreement. Party
A’s execution and performance of this Agreement do not violate any explicit requirements under any law or regulation binding
on Party A.

 

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

 

		4.2.	Party B hereby represents and warrants as follows:

 

		4.2.1.	Party B is a company legally registered and validly existing in accordance with the laws of China
and has obtained the relevant permit and license for engaging in the Principal Business in a timely manner. It has independent
legal person status, and has full and independent civil and legal capacity to execute, deliver and perform this Agreement. It can
sue and be sued as a separate entity.

 

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 Business Cooperation Agreement

     

    

 

		4.2.2.	Party B has taken all necessary corporate actions, obtained all necessary authorization and the
consent and approval from third parties and government agencies (if any) for the execution and performance of this Agreement. Party
B’s execution and performance of this Agreement do not violate any explicit requirements under any law or regulation binding
on Party B.

 

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

 

		5.	Effectiveness and Term

 

This Agreement
is executed on the date first above written and shall take effect as of such date. This Agreement shall maintain effective unless
terminated in accordance with Section 6.1 or was compelled to terminate under applicable PRC laws and regulations.

 

		6.	Termination

 

		6.1.	During the term of this Agreement, unless Party A commits gross negligence, or a fraudulent act,
against Party B, Party B shall not terminate this Agreement prior to its expiration date. Nevertheless, Party A shall have the
right to terminate this Agreement upon giving 30 days' prior written notice to Party B at any time.

 

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

 

		7.	Governing Law and Resolution of Disputes

 

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

 

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

 

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 Business Cooperation Agreement

     

    

 

		7.3.	Upon the occurrence of any disputes arising from the construction and performance of this Agreement
or during the pending arbitration of any dispute, except for the matters under dispute, the Parties to this Agreement shall continue
to exercise their respective rights under this Agreement and perform their respective obligations under this Agreement.

 

		8.	Liability for Breach of Agreement

 

		8.1.	The Parties agree and confirm that, if either Party (the “Defaulting Party”)
is in breach of any provisions herein or fails to perform its obligations hereunder, such breach or failure shall constitute a
default under this Agreement (the “Default”), which shall entitle the non-defaulting Party to request the Defaulting
Party to rectify or remedy such Default with a reasonable period of time. If the Defaulting Party fails to rectify or remedy such
Default within the reasonable period of time or within 30 days of non-defaulting Party’s written notice requesting for such
rectification or remedy, then the non-defaulting Party shall be entitled to elect any one of the following remedial actions: (a)
to terminate this Agreement and request the Defaulting Party to fully compensate its losses and damages; (b) to request the specific
performance by the Defaulting Party of its obligations hereunder and request the Defaulting Party to fully compensate non-defaulting
Party’s losses and damages.

 

		8.2.	No waiver of rights in respect of any Default hereunder shall be valid unless it was made in writing.
Any failure to exercise or delay in exercising any rights or remedy by any Party under this Agreement shall not be deemed as a
waiver of such Party. Any partial exercise of any right or remedy shall not affect the exercise of any other rights and remedies.

 

		8.3.	Notwithstanding Section 8.1 above, the Parties agree and confirm that in no circumstance shall
Party B early terminate this Agreement unless the applicable law or this Agreement provides otherwise.

 

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

 

		9.	Notices

 

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

 

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 Business Cooperation Agreement

     

    

 

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

 

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

 

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

 

	Party A:	Wuhan Shengshi Leju Management Co., Ltd.
	 	 
	Address:	Room 1, 15F, Building 6, Fanhai International Tower, Soho City, Central Business Area, Wang Jia Dun, Jianghan District, Wuhan
	 	 
	Attn:	ZHENG WEI
	 	 
	Phone:	027-83668638
	 	 
	Party B:	Shengshi Leju (Wuhan) Technology Holdings Co. Ltd.
	 	 
	Address:	No.1, 23F, Building 4, Fanhai International Tower, Soho City, Central Business Area, Jianghan District, Wuhan
	 	 
	Attn:	ZHENG WEI
	 	 
	Phone:	027-83668638

 

		9.3.	If any Party change its address for notices or its contact person, a notice shall be delivered
to the other Party in accordance with the terms hereof.

 

		10.	Assignment

 

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

 

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 Business Cooperation Agreement

     

    

 

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

 

		11.	Severability

 

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

 

		12.	Amendments and Supplements

 

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

 

		13.	Language and Counterparts

 

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

 

[THE SIGNATURE PAGE]

 

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 Business Cooperation Agreement

     

    

 

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

 

	Party A:	Wuhan Shengshi Leju Management Co., Ltd.
	 	 
	By:	/s/ ZHENG Wei	 	 
	 	 
	Name:	ZHENG Wei
	 	 
	Title:	Legal Representative
	 	 
	Party B:	Shengshi Leju (Wuhan) Technology Holdings Co. Ltd.
	 	 
	By:	/s/ ZHENG Wei	 	 
	 	 
	Name:	ZHENG Wei
	 	 
	Title:	Legal Representative

 

    	9 
 
 Business Cooperation AgreementExhibit 10.3

 

Equity Pledge Agreement

 

This Equity Pledge Agreement
(this "Agreement") has been executed by and among the following parties on June 3, 2017 in Wuhan, the People’s
Republic of China (“China” or the “PRC”):

 

	Party A:	Wuhan Shengshi Leju Management Co., Ltd. (hereinafter "Pledgee")
	 	 
	Address:	Room 1, 15F, Building 6, Fanhai International Tower, Soho City, Central Business Area, Wang Jia Dun, Jianghan District, Wuhan
	 	 
	Party B:	ZHENG Wei (hereinafter "Pledgor")
	 	 
	ID No.:	411523197710270031
	 	 
	Party C:	Shengshi Leju (Wuhan) Technology Holdings Co. Ltd.
	 	 
	Address:	No.1, 23F, Building 4, Fanhai International Tower, Soho City, Central Business Area, Jianghan District, Wuhan

 

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, and holds 80% of the equity interest in Party C in record. Party
C is a limited liability company registered in Wuhan, 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;

 

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 Equity Pledge Agreement 
	 

     

    

 

		2.	Pledgee is a wholly-foreign-owned enterprise registered in China. Pledgee, Pledgor and Party C
owned by Pledgor have executed Technical Consultation and Service Agreement and other control agreements (the “Control
Agreements”);

 

		3.	To ensure that Pledgor and Party C fully perform their obligations under the Control Agreements,
and pay the consulting and service fees thereunder to the Pledgee when the sum becomes due, Pledgor hereby pledges to the Pledgee
all of the equity interest he holds in Party C as security for payment of the consulting and service fees by Party C under the
Control Agreements.

 

To perform the provisions of
the Control Agreements, 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 compensated on a preferential basis with the conversion, auction or sales
price of the Equity Interest.

 

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

 

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

 

		1.4.	Control Agreements: shall refer to Technical Consultation and Service Agreements, Business Cooperation
Agreement and other relevant control agreements executed by and among Pledgor, Party C and Pledgee on June 3, 2017.

 

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

 

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

 

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 Equity Pledge Agreement 
	 

     

    

 

		2.	The Pledge

 

As collateral security for the
performance of the Control Agreements and the timely and complete payment when due (whether at stated maturity, by acceleration
or otherwise) of any or all of the payments due by Party C and/or Pledgor, including without limitation the consulting and services
fees payable to the Pledgee under the Control Agreements, Pledgor hereby pledges to Pledgee a first security interest in all of
Pledgor's right, title and interest, whether now owned or hereafter acquired by Pledgor, in the Equity Interest of Party C. The
pledged Equity Interest shall be 208,000,000 (two hundred and eight million) RMB. The secured claim shall be 208,000,000 (two hundred
and eight million) RMB.

 

		3.	Term of Pledge

 

		3.1.	The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated
herein has been registered with relevant Administration for Industry and Commerce (the “AIC”). The Pledge shall be
continuously valid until the Pledgor is no longer a shareholder of Party C or the satisfaction of all its obligations by the Party
C under the Control Agreements. The Pledgors shall be responsible for recording the Pledge in the Company’s Register of Shareholders.

 

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

 

		4.	Custody of Records for Equity Interest subject to Pledge

 

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

 

		4.2.	Pledgee shall have the right to collect dividends generated by the Equity Interest during the Term
of Pledge.

 

		5.	Representations and Warranties of Pledgor

 

		5.1.	Pledgor is the owner of the Equity Interest in record of register of shareholder.

 

		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.

 

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 Equity Pledge Agreement 
	 

     

    

 

		6.	Covenants and Further Agreements of Pledgor

 

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

 

		6.1.1.	not transfer the Equity Interest, place or permit the existence of any security interest or other
encumbrance on the Equity Interest, without the prior written consent of Pledgee, except for the performance of the Share Disposal
Agreement (the “Share Disposal Agreement”) executed by Pledgor, the Pledgee and Party C on the execution date of this
Agreement;

 

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

 

		6.1.3.	promptly notify Pledgee of any event or notice received by Pledgor that may have an impact on Pledgee's
rights to the Equity Interest or any portion thereof, as well as any event or notice received by Pledgor that may have an impact
on any guarantees and other obligations of Pledgor arising out of this Agreement.

 

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

 

		6.3.	To protect or perfect the security interest granted by this Agreement for payment of the consulting
and service fees under the Control Agreements, 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.

 

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 Equity Pledge Agreement 
	 

     

    

 

		6.4.	Pledgor hereby undertakes to comply with and perform all guarantees, covenants, agreements, representations
and conditions under this Agreement. In the event of failure or partial performance of its guarantees, convenants, agreements,
representations and conditions, Pledgor shall indemnify Pledgee for all losses resulting therefrom.

 

		6.5.	The Pledgors shall process the registration procedures with the AIC concerning the Pledge as soon
as practical after the execution of this Agreement.

 

		6.6.	Without notifying Pledgee in advance and obtaining Pledgee’s prior written consent, Pledgor
shall not transfer the Equity Interest and any action for the proposed transfer of the Equity Interest of Pledgor shall be invalid.
Any payment received by Pledgor for transfer of the Equity Interest shall be firstly used to repay the secured obligations to Pledgee
or be placed in escrow with a third party as agreed with Pledgee.

 

		7.	Event of Default

 

		7.1.	The following circumstances shall be deemed Event of Default:

 

		7.1.1.	Party C fails to fully and timely fulfill any liabilities under the Control Agreements, including
without limitation failure to pay in full any of the consulting and service fees payable under the Control Agreements or breaches
any other obligations of Party C thereunder;

 

		7.1.2.	Pledgor or Party C has committed a material breach of any provisions of this Agreement;

 

		7.1.3.	Except for the performance of the Share Disposal Agreement, Pledgor abandons, transfers or purports
to transfer or the Equity Interest pledged without the written consent of Pledgee;

 

		7.1.4.	The successor or custodian of Party C is capable of only partially performing or refusing to perform
the payment obligations under the Control Agreements;

 

		7.1.5.	The occurrence of any adverse change to the assets or property of the Pledgor, which in Pledgee’s
determination, may impact the ability of the Pledgor to perform its obligations hereunder;and

 

		7.1.6.	The occurrence of any other circumstances under which the Pledgee is not or may not able to exercise
its rights hereunder in accordance with the applicable law.

 

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

 

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 Equity Pledge Agreement 
	 

     

    

 

		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 requesting ratification of such Event of
Default, Pledgee may issue a Notice of Default to Pledgor in writing at any time thereafter, demanding immediate disposal of the
Pledge in accordance with the provisions of Section 8 of this Agreement.

 

		8.	Exercise of Pledge

 

		8.1.	Prior to the full payment of the consulting and service fees described in the Control Agreements,
without the Pledgee's written consent, Pledgor shall not assign the Equity Interest in Party C.

 

		8.2.	Pledgee may issue a written notice to Pledgor when exercising the Pledge.

 

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

 

		8.4.	In the Event of Default, Pledgee is entitled to dispose of the Equity Interest in accordance with
applicable PRC laws. Only to the extent permitted under applicable PRC laws, Pledgee has no obligation to account to Pledgor for
proceeds of disposition of the Equity Interest, and Pledgor hereby waives any rights it may have to demand any such accounting
from Pledgee.

 

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

 

		9.	Assignment

 

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

 

		9.2.	This Agreement shall be binding on Pledgor and its successors and permitted assigns, and shall
be valid with respect to Pledgee and each of its successors and assigns.

 

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 Equity Pledge Agreement 
	 

     

    

 

		9.3.	At any time, Pledgee may assign any and all of its rights and obligations under the Control Agreements
to its designee(s) (natural/legal persons), in which case the assignee shall have the rights and obligations of Pledgee under this
Agreement, as if it were the original party to this Agreement. When the Pledgee assigns the rights and obligations under the Control
Agreements, upon Pledgee's request, Pledgor shall execute relevant agreements and/or other documents relating to such assignment.

 

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

 

		9.5.	Pledgor shall strictly abide by the provisions of this Agreement and other contracts jointly or
separately executed by the Parties hereto or any of them, including the Share Disposal Agreement and the Power of Attorney granted
to Pledgee, perform the obligations hereunder and thereunder, and refrain from any action/omission that may affect the effectiveness
and enforceability thereof. Any remaining rights of Pledgor with respect to the Equity Interest pledged hereunder shall not be
exercised by Pledgor except in accordance with the written instructions of Pledgee.

 

		10.	Termination

 

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

 

		11.	Handling Fees and Other Expenses

 

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

 

		12.	Confidentiality

 

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

 

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 Equity Pledge Agreement 
	 

     

    

 

		13.	Governing Law and Resolution of Disputes

 

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

 

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

 

		13.3.	Upon the occurrence of any disputes arising from the construction and performance of this Agreement
or during the pending arbitration of any dispute, except for the matters under dispute, the Parties to this Agreement shall continue
to exercise their respective rights under this Agreement and perform their respective obligations under this Agreement.

 

		14.	Notices

 

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

 

    	 	8
 
 Equity Pledge Agreement 
	 

     

    

 

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

 

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

 

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

 

	Party A:	Wuhan Shengshi Leju Management Co., Ltd.
	 	 
	Address:	Room 1, 15F, Building 6, Fanhai International Tower, Soho City, Central Business Area, Wang Jia Dun, Jianghan District, Wuhan
	 	 
	Attn:	ZHENG WEI
	 	 
	Phone:	027-83668638
	 	 
	Party B:	ZHENG Wei
	 	 
	Address:	Room 701, Unit 1, Building No. 114, 187 Jin Shan Da Dao, Jin Yin Hu Ban Shi Chu, Dong Xi Hu Qu, Wuhan, China
	 	 
	Phone:	15327175555
	 	 
	Party C:	Shengshi Leju (Wuhan) Technology Holdings Co. Ltd.
	 	 
	Address:	No.1, 23F, Building 4, Fanhai International Tower, Soho City, Central Business Area, Jianghan District, Wuhan
	 	 
	Attn:	ZHENG WEI
	 	 
	Phone:	027-83668638

 

		14.3.	If any Party change its address for notices or its contact person, a notice shall be delivered
to the other Parties in accordance with the terms hereof.

 

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 Equity Pledge Agreement 
	 

     

    

 

		15.	Severability

 

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

 

		16.	Attachments

 

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

 

		17.	Effectiveness

 

		17.1.	This Agreement shall become effective when the Parties have duly executed this Agreement.

 

		17.2.	Any amendments, changes and supplements to this Agreement shall be in writing and shall become
effective after the affixation of the signatures or seals of the Parties.

 

		17.3.	This Agreement is written in Chinese and English in three copies. Pledgor, Pledgee and Party C
shall hold one copy respectively. Each copy of this Agreement shall have equal validity. In case there is any conflict between
the Chinese version and the English version, the Chinese version shall prevail.

 

The Remainder
of this page is intentionally left blank

 

    	 	10
 
 Equity Pledge Agreement 
	 

     

    

 

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

 

	Party A:	Wuhan Shengshi Leju Management Co., Ltd.
	 	 
	By:	/s/ ZHENG Wei	 
	Name:	ZHENG Wei
	Title:	Legal Representative
	 	 
	Party B:	ZHENG Wei
	 	 
	By:	/s/ ZHENG Wei	 
	 	 
	Party C:	Shengshi Leju (Wuhan) Technology Holdings Co. Ltd.
	 	 
	By:	/s/ ZHENG Wei	 
	Name:	ZHENG Wei
	Title:	Legal Representative

 

    	 	11
 
 Equity Pledge Agreement 
	 

     

    

 

Attachments:

 

		1.	Shareholders' register of Shengshi Leju (Wuhan) Technology Holdings Co. Ltd.;

 

		2.	The Capital Contribution Certificate for Shengshi Leju (Wuhan) Technology Holdings Co. Ltd.;

 

		3.	Technical Consultation and Service Agreement

 

		4.	Business Cooperation Agreement

 

    	 	12
 
 Equity Pledge Agreement

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