J!k*W J ;& t ) } i,3 ( Exclusive Option Agreement * m*WJ ;& i3l cr "* W") El3 r nr2021 12 15 arr 9 $ A JtloOO Cr " 900 ") : l : Jllrtr iT : This Exclusive Option Agreement (this "Agreement") is executed by and among the following Parties as of 15 / 12...
Exhibit 10.5
J!k*X X ;& t ) } i,3 ( Exclusive Option Agreement * m*WJ ;& i3l cr "* W") El3 r nr2021 12 15 arr 9 $ A JtloOO Cr " 900 ") : l : Jllrtr iT : This Exclusive Option Agreement (this "Agreement") is executed by and among the following Parties as of 15 / 12 / 2021 , in SHENZHEN, the People's Republic of China ("China" or the "PRC") : : xff Arr C : l : JII) ttff i 0 ifJ : l : Jllrtr : tM EB IK : tlfim'il! : fiJJH “ IK : fi JI :: !t = m'®iJrxt!t jffj 9 iC,, A . B A 4209 A 26 Party A : Dayourenzai (Shenzhen) Technology Co . , Ltd . Address : A 4209 A 26 of Tower A . B, Xintian Century Business Center, west of Shixia North 2 nd Street, Shixia Community, Fubao Street, Futian District, Shenzhen Xx 0 : Party Bl: LI Zanyu(a Chinese citizen with Identification No.000000000000000000) Z n 2: W (9000 , ffi - ii E : 43078119870329001X) C.! † Xx 0, 00! - x - "Xx" ) Party B2: XXX Xxxx(a Chinese citizen with Identification No.43078119870329001X) (together with Party B1, collectively or respectively, the "Party B") pgn: :1:tl!:!:Jl:: Party C: Address: :}( - g - ¥ - C :l:JII) ,rn, - ttff i0ifJ :l:JllrtrwJ w IK #im'il!::k11t'HIK$M.U.M?.:xJI c 3604 $5t Daheshou (Shenzhen) Information Technology Co., Ltd. Xxxx 0000 xx Xxxxx X, Xxxxx Resources Land Building, Dachong Community, Yuehai Street, Nanshan District, Shenzhen tE* i5l9, n, Zn n r " - n", - g - " n"o In this Agreement, each of Party A, Party B and Party C shall be hereinafter referred to as a "Party" individually, and as the "Parties" collectively. r: Whereas: 1. Zn pgnB"JJN:*; tE*i!JJ,i,3( EI, Zn - g - itt.fffpgn 100%8"JJN:;tt, f pgn ¥ 1 ffl *A ffi 100 Jj 5 t CRMBl, 000 , 000 ) o Party B are the shareholders of Party C and as of the date hereof collectively hold 100 % of the equity interests of Party C, representing XXX 0 , 000 , 000 xx the registered capital of Party C . r.m n i!JJ , jff j - f.)(, z px ; o r i1J - i5 l = Now therefore, upon mutual discussion and negotiation, the Parties have reached the following agreement: 1 W - it'Jt 1 tj: Strictl y Confidential
Sale and Purchase of Equity Interest 1. 1 - f - ; & ;fL l Option Granted Z / 7f - B:Jlt:f P]"ffiifi :It!?,_ x 1ti: “ tl! - f - EJ3 1f - rm ff:f>l C ",IR;t;t tt") , ftWEJ31f - t£ 00 XxxX - , XXXX00x ff ff , # AA * 1v1 - i5t. 1.3 JiJri ! - ffi - , ll l fHlt - i t d $ ?x M Z'. ; 1f g J Gf - Ad $ A C"•ffi A " ) X X Z'. ; 1f MM ff m 1f $ d$*lR:t>l o Ef31fffi•ffi A*, ffW A :f $ffJR:tt :t t d Z'. ; 1 f J R :t t f f :f> l o m 1 f M J1 t - Z'. ; 1 f Ef 3 1 f - f - J R :tt : tt o * a R* 1 v 1 - Mm "A"ffi A, 0 , , tk, , f † ttd F 0 t . El . f o Party B hereby irrevocably and unconditionally grants Party A an irrevocable and exclusive right to purchase, or designate one or more persons (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 ff1ttvm Steps for Exercise of the Equity Interest Purchase Option EJ3 1f ff JR;tt ;tt OO Wffi - - - o EJ31fff H:tt ;tt , † Z'.;1f W OO® C"JR:tt@ :tt@ ® † - - :WEf3 1f ff JR:tt@ ;tt "), JR .R • m A • C fiff ) : Ef 3 1 f d • ffi AfflMZ' .; 1 f@ JR : ttfil C " - @ JR ; tt" ) : l D(c)·@ JR : tt @ B / iJ :: B o 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 decision to exercise the Equity Interest Purchase Option, and the name of the Designee(s) if any ; (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 the transfer of the Optioned Intere s ts . 1 . 3 JR X 1ft Equity Interest Purchase Price Optioned Interests 1 . &' . @ JR ; tt 2 l,£ ' X flf S tri c tl y C onfid e ntial
E!3nf f att t t zn M - • at t ffi - @ 10 (d E!3n(d•m A) Zn ff U ftttffil m ti , lWt'Vik*ffi - Ji & liftWf t Jl l Jl l H - E!3niA IJJ > C"¥ t i ffi - "> : E!3nf f at t t t ZnffWn M •* • a t t , ftt t ffi - tt• o - ffE!3nf f ftt t t t , ft W - ftt t ffilffi - ff tt m , ttWf t ffi - ¥t i ffi - , ffilffi - @ ttWffif t * - ffi - t i ( "ftt t ffi - ") , ff!lt#'trNJ L , Zn @ OOttWftil f n ff l m m ili¥t i ffi - • * • & M E!3ndE!3nm fffi:iJAo The total price for the purchase by Party A of all Optioned Interests held by Party B upon exercise of the Equity Interest Purchase Option by Party A shall be RMB IO ( or the price as set forth in the equity transfer agreement to be executed between Party A (or the Designee) and Party B separately, provided that such price does not violate PRC laws and regulations and is acceptable to Party A) (the "Base Price") ; if Party A exercises the Equity Interest Purchase Option to purchase part of the Optioned Interests held by Party B in Party C, then the purchase price shall be calculated on a pro rata basis . If at the time when Party A exercises the Equity Interest Purchase Option, the PRC laws impose mandatory requirements on the purchase price of such Optioned Interests, such that the minimum price permitted under PRC law exceeds the Base Price, then the purchase price shall be such minimum price permitted by PRC law (collectively, the "Equity Interest Purchase Price"), in which case the Party B shall promptly donate all of the amount exceeding the Base Price received by it to Party A or any other person designated by Party A in the manner permitted by the applicable PRC laws . 4. ffilMlW J f t X Transfer of Optioned Interests E! 3 n&<J z f f ft&ttW J t t : For each exercise of the Equity Interest Purchase Option: 1. zn @ fixWn & - B*& * i5l , ff * i5l..t , @iittmm z n E!3 n • m Affu • at t ; 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 m t Z n E!3nlO/d• m Attil • fttt , Zn@J+X 1 Wn ft * *ffil # #t t t t ff i ; Party B shall obtain written statements from the other shareholders of Party C giving consent to the transfer of the Optioned Interests by Party B to Party A and/or the Designee(s) and waiving any right of first refusal with respect thereto ; 3 YHt::.:C # Strictly Confidential
3. Z,1f S 1:J31ffllldfffi:ffi5EA C ti rrff 5£) lffl*"EiJ - i5C&JN:t>x x mXE'. , - ffi l UJN:t>lffi l : 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 ; 4. Z:.1fSff45lJ LlJN:t>x x;;oJ † .=. + oo) B pg, s.Fff*1f •J5JT ,"EiJ - d # , ffl½$M R mmmfl l •. #% M fffil,4• . fflffiffWffl † t>l - m . fflfffi: JN:t>l M t>lff8 1:J31ffll fffi:ffi5EA# 1:J31ffl l fffi:ffi5E A - JN:t> l fffi l M M A o *• & * † , " ff i † t> l " ff i ff l † , , ff l - = - 1 f t> l d t> l ,ff W JN:;& , t>l , % ;& , fflt>l, M t> l E d ffi † m• : 7 •®£ , ff i * ,z:,1fJN: t> l flJZ:.1 f t> l ff i ffWffl † t> l :* Mm5 E "Z.1fJN:t> l "ffil:fl1f,z:,1ffl J 1 f * - B U JN:t>( & ew•a,.Ud - :* Mm5 E "Z.1 f t> l ff i "ffiZ.1 f * - B • t>ll:fl1 f t> l ff i & ffW.a,.ud • o Party B shall, within thirty ( 30 ) days after receipt of the Equity Interest Purchase Option Notice, execute all necessary contracts, agreements or documents with relevant parties, obtain all necessary government approvals and permits, and complete all necessary registrations and filings, so as 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 a power of attorney and any modification, amendment and restatement thereto . 2. ** Covenants 4 * J t 14 Strictl y Confidential
2.1 zpg:JJEt - Jffe* Covenants regarding Party C z:JJ c pg:JJEt - Ja* > pg:JJ a ffe*= Party B (as a shareholder of Party C) and Party C hereby covenant as follows: f f f * iiJ J * : t 1 , E w Z f p g :JJ 2 .1.1 * lf l :JJ Et - J • $t; - = w o f o q ] , 0 - fi #. wZ•& MM*,wZ :JJ:i:t MM * :t1J: 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 rt i H M Et - X X * ,x x xxx fi F $, & 'W ! 17 , * 0 Et - J , fi j ,fa - p;j:JJM • * M Et - J $• m ey,filH,$ m R. i f f * - f Ƒ & 1 JJ E $ * ; 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 * t l=J 3 :JJ Et - J $ $ t - t S iff i fq ] , a * 00 } x,0 ( z B jf Q Et - J f f {ii J a t faJ lli ft,ftil, WwZ :JJ:i: \ :&1Wpg:JJEt - JffM•*M , *wZ AEt - J w Z . wZf t a - ff W ffl * : 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, or allow the encumbrance thereon of any security interest ; 2.1.4 * E!3:JJEt - J$$t - tSiffifq] , tit , 7¾ \ , *iiEwZWilf aff{iiJ ffl* , B *rlf i ff i rlff l : JJ : i : t Et - J ft IE jh 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.s - 1 t a * r l l t f f f oJ T *• * pg:JJEt - X X ffi - ffi, filffff W pg:JJEt - J f f - ffi - ff i - Et - J {t / {f ; They shall always operate all of Party C's businesses within 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 ; 5 W X# Strictly Confidential
2.1.6 * r2 l:f31J 1¥r•% o o [qJ , 1 - u : p g 1J n ff fi:i J 11: x ,g - [qJ , 1 s a lE *tH¥ 9=1 n B<J,g - [qJ c me * rm † " , tr o * - fil,g - [qJ B<J - - tffi - rlA ffi so liic , l:! P tl75J1f::k,g - fql ) ; 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 the purpose of this subsection, a contract with a price exceeding XXX 000 , 000 xxxxx xx deemed a major contract) ; 2 .1 . 7 * r 2 l:f31 J 8<J $% i m [qJ , p; j 1J 1 ff {i:i J At'Hi t wHtfJt; 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 . s $ l:f31J J!)J<, m1JtfiJr r p; j 1J EJ< J ff t o 9! - t * ;jj ( ( 5 l X X m < J f4; They shall provide Party A with information on Party C's business operations and financial condition at Party A's request; 2.1 . 9 tr o l:f31J m 1: “ 1 * , p; j 1 J $M l:f31 X X<J 0 ff 1 WH i * ƒ t # fir MF* ƒ *B<J . B< J tffi - * ƒ $ ff * B< J0ff] - 3& ; 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. 1 o * l:f31J B< J $ % ii i [q i : i , p; j 1J 1 ff fi:i X X ,g - :Jf W G ,g - , WGx - t ff {i:i X X:iiHri&WJWGf9:M; 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 ; 11. t : bt E!<JWGJ : iJri : bt B<Jfffi : iJ p ; j 1 JW £ F, *' i&AWG tz El<JW*,# 8 WGff l : f 31 J ; 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, revenue or equity interest ; 12. J 5 ; f'#p ; j 1 Jx,J - $ MFB<JfoJrfiftz, ff foJrfir ' WG B<JJt #, * ffi WG B<Jfr , miliffi WG B<J . #x - tffifif • fflmff B<JttM ; 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 ; 6 WX1'f Strictly Confidential
2.1.13 * t2 l:J3 7T,= % - =t=S 1m - t 2 l:J 3 7J >}t , 7J @.l l llP , 1i ,ff for% r JN: - - - =f * JN:* , @ JiJT ey ?t lLl IJ :i:$ .lL llP ,HIB *JN:*; 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 * • l:J31J a<J >}t, ff El3 t s<Jff {iiJ A “ tfHf 7J a<J ii$ wUA 1Tii¥0 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 * EJ37 J lfil!ii ] , 1ijJA$ff{iiJ EJ37JEi X EJ37Js<J 0' † Jffl $s<] 3) - ; 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 F9= 1 ssH'51 f *· * EJ:11 J .:t=roo liiJ:m , 1 J 1ijful?ttEiXm ; Unless otherwise required by PRC law , Party C shall not be dissolved or liquated without prior written consent by Party A; 2.1.17 - . † . 9=1 f t if;rl - ifljPJ ' t E 9=1 1 1N:tll/EiXJ!R t9 : Z7 J Jif r )A ¥ s< J :1: , * _g_ 9= l ffl :1 : it $ n * 3 * m Jl t :i m * , t 2 EJ3 7Jff JN: .Z1J@ .ll M 7Js<JJN: ftil l:J3 7 JEiX ffi Ao Once PRC laws permits foreign investors to invest in the principal business of Party C in China, with a controlling stake and/or in the form of wholly foreign - owned enterprises, and the competent government authorities of China begin to approve such investments, upon Party's exercise of the Equity Interest Purchase Option, Party B shall immediately transfer to Party A or the Designee(s) the equity interest in Party C held by Party B . 2. Z7Js<J** Covenants of Party B Zn**= Party B hereby covenants as follows: 1. * l:J37Js<J$% - =t=SlmliiJ , l “ lt!f, ftil, :tl£¥f!EiX 1t!!.1J:a: B a< J 1 Ja<JJN : a< J Ei X . EiXf t t E L Iff foJ Mff l . * - Z1IJN: M¥f l ,Z7J - =t=S® :;$: i5l Ba<J ;,1 - ; ithout the prior written consent of Party A, Party B shall not sell, transfer, mortgage or dispose of in any other manner any legal or 7 . \ £' Jt 11/' Strictly Confidential
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, Party B's Power of Attorney and this Agreement ; 2. liifl pg1f JN*¾l Ƒ / † x:m$¾ < liXtAffm$) - t1:*f Ef31:f$% oo • • r. mmmz1:fffi pg1fJN ffw liX ili . . liX 1f I,ili ffl mm - t E IffW ffl . mfflZ1:fJ N M . Z1:fft n * Il¥J *: Without the prior written consent of Party A, Party B shall ensure 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, Party B's Power of Attorney and this Agreement ; 3. * Ef31:f $% 00 A 'tf!N5r.r, x - J"f pg1f ff{iiJA #liX . † xx - J"ffWAmff E!X*m, Z1:fffl pg1fJN*¾ m¥r <liXtAff:i:¥r) - =f:tttm: Without the prior written consent of Party A, Party B shall cause the shareholders' meeting or the directors (or the executive director) of Party C not to approve the merger or consolidation with any person, or the acquisition of or investment in any person ; 2.2.4 1:.l¥JliX"i:iJfi 1:.1¥J1f{iiJ - =f JiJrfff l l¥JJ N Wi ! .{ liX ffu&tiFf - JI . ep ifi l o Ef:11:f: Party B shall immediately notify Party A of the occurrence or possible occurrence of any litigation, arbitration or administrative proceedings relating to the equity interests in Party C held by Party B ; 2.2.s liifl1 ; pg1f JN*¾ElX m < tAffm• ) tk: M *1YJ,t5liJl!JEl¥J JN l¥J #SEf31f ** ffWff : Party B shall ensure the shareholders' meeting or the directors (or the executive director) of Party C to vote in favor of the transfer of the Optioned Interests as set forth in this Agreement and to take any and all other actions that may be requested by Party A; 2.2.6 79 jtx;j"J N l¥JJiJ T . ,P}T 16' 1¥Jj( {tj: , * Ji}T E!X l¥Jff . - iliffi E!X l¥J .#x1ffi f m f f 16 ' E X 3 i¥ J m¥it: To the extent necessary to maintain Party B's ownership in Party C, Party B shall execute all necessary or appropriate documents, take all necessary or appropriate actions, file all necessary or appropriate 8 11'Jt 14 Strictly Confidential
complaints, and raise necessary or appropriate defenses against all claims; 2 .2 . 1 m Ef 3 1 X X' - J * , f f r n j t m JE B' - J f f 1iiJ A “ ti: l f f p g 1 X X' - J m • E X !ti . fr Ii$; 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; 2.2.8 Z1JIEJ pg1JB' - J {tB!N:* ( Ƒ 1f) Ef31J, pg1J •!=J*th - i5C Z1JJ N M th - Z1 J n B' - J - tf } ,JN M th - n ,#*fil * jt JN* • B' - J ff {iiJ Jt ftf: t † {'ql B' - Jfr :1g; x1 r pg 1J B' - JfffiiJ jt JN* c a 1f) mffij t - B' - J • Ef31J •mJEAffil apg1JB' - JJ N , z1J a jtffi$1f8' - Jffi1ftt % < 1 f ) 0 Party B gives consent to the execution by each of the other shareholders of Party C (if any) with Party A and Party C of 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 such other shareholders ; with respect to the transfer of equity interest of Party C by any of the other shareholders (if any) of Party C to Party A and/or the Designee(s) pursuant to such shareholder ' s exclusive option agreement, Party B hereby waives all of its right of first refusal (if any) . 2.2.9 a Z1 J h \ pg1J1J H fffiiJll J IJj}ffc \ , JN , " ? t L XXXXxXxXx x , X 0X@ - xxXX' - X0X M,JNA,7ttt,PXMJfffiffl R M Ef31JEXEf31JmJEB' - JffMA; If Party received any profit distribution, interest, dividend or proceeds of liquidation from Party C, Party B shall promptly donate all such profit distribution, interest, dividend or proceeds of liquidation to Party A or any other person designated by Party A in th e manne r permitted by th e applicabl e PR C laws ; and 2 .2.10 P i t * th - i5l & Z 1J , p g 1J Ef31 J j ¾ IE ] P X 7 1 I J i X X' - J jtft B tf } i,5 ( B' - J - JE, W Bf r th - B' - J 4, # *frffM . @ . iJ X X[xx x x}J , i )( B' - J 1 f • tit Ƒ i : i J !ti . ff • t i B' - J f f : 1 g / f'f : : 1 g o [ I 5 f ! Z 1 Jx 1 r*th - ,Z 1 JJ N M th - EXZ 1 J n B' - J JN , kEtifi 1 fff 1 iiJ : &llJ, FEf 31 J iffim 7 F, : a!iltlZ 1 J - ITT 1 frf t : &lUo 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 9 WltJUlf Strictly Confidential
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. :i & ffiHiE Representations and Warranties z 1 1 1 J a* • s • - t tus 1 J &* :i& tD iiE Ƒ r: 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 the transfer of the Optioned Interests, that: 3 .1 Aff :i: $ l¥J jJ , fi jJ l Ƒ tUJl IV. iT l Ƒ 3'.c: 11 * 111' i5l !V. m & ff i * #1 ' i5l - - ttil• H W - 1J IT1¥JffWH«ttil c • "tti l ") , #&f f a * ffwtt u rl¥J !>l..4 o Z1Jl Ƒ 1J a 1Jff - ftH «at , 1m1f J - *t}} - M - a 1¥ J t t i l o * IV . & • 1 J 1¥ J t t il . - - dffl m , &Af f *iJl¥1!>/..4, #"ilJ"1$<Jff i - M 3.!nttltft.ff; 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 each transfer of the Optioned Interests as described 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 substantially 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 z1 1 l Ƒ 1 1 e . 1 f ff i = = nl Ƒ TI & m® n 1 ¥ 1 &m m c 1ffi ) iv . •· 3t 11 tD & ff *11J, i,5(; Party B and Party C have obtained any and all approvals and consents from the competent government authorities and third parties (if required) for the execution, delivery and performance of this Agreement . 3.3 5tit *i!J}i5ldffffifftil 1¥J •l Ƒ 3' 1 .c 1 : kE a*t}}i5ldfffuJtt u r 1¥ 1 .>< . 41¥ 1 JaH r = (i ) i 11 : 1 t & f f fu J * 1¥ J i: r oo ; (ii ) 1 J fi d 1 m .IHRJtftf:ffl1!£fu!I! ; (iii) a :i i . & t ! - 1 Jdm ' - J *iJ1¥Jff dJt#, - 1JdM ff *nl¥11fW dJt1tf:JJ f f1¥J:ii ' - J; (iv) a:ii.& ff* ffW - 1Jn3i1tl¥JffffiJif"iiJ"dtlt <l1¥J (d) m f f l¥Jff W # ; d M a f f W - 1 J 1 t l¥J ffW "iiJ"dtlt<li:r d - fflffldffl #; The execution and delivery of this Agreement or any Transfer Contracts and the obligations under this Agreement or any Transfer Contracts shall 10 l/l'l'Jt # Strictly Confidential
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 Z :1 J x t ;Jtt E p g :1Jtf! F Hr - J JN:t £ tf!Ff f if¥ ! t a it fi{ J Jifi t £ o A A Z :1 J JN:t£ ®Z:1J t£ n *' Z:1J - tE JN:t£ & - ff ffl † t£ BJtt£5¥Ll ffiJl=l; Party B has the legal and complete title to the equity interests held by it 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 or encumbrance s on suc h equit y interests ; 3 .s p g :1J * ffl i:p ¥!W if iL # :ri fi{] ltvt ff 0 EJ , 1i xt ;Jt tEft4 ffi:f:l mfi{Jm n ir ®it fi{Jffi t£. 1itE m & IfffiiJfl=l{it£ ; Party C is a limited liability company duly organized and validly existing under the laws of the PRC . Party C has the legal and complete title to all of the assets used in connection with its business operation, and has not placed an y securit y interes t on th e aforementione d assets ; 6. 1i& ff fiiJ*f Jifff!4, (i) - tE;Jt iE fi{Jft4tHi i:f:l fi{Jfff! 4, & ( ii ) B IA J EJ 3 :1Jfffi : li H EJ 3 :1 J ffifE J :@:fff f 4AAJ" ; Party C does not have any outstanding debts, except for (i) debt incurred during the ordinary course of business ; and (ii) debts disclosed to Party A for which Party A's written consent has been obtained . 7. :1J - tEI::k:1Jffiil Jifi i:f:l W ;J;Jllfi{J;J;JllJE: fa Party C has complied with all PRC laws and regulations in material aspects ; and 3 . & I † 1r u m ;@ ; 1 * m 11c fi{ J BJ G ;t - Ji x WJ fi{] * fi{ J BJt JN : , ;t; 2 1 m i 1i * fi{]iJFv't' {ip BJtff il&fiff 0 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. 1{gg;IW Effective Date and Term * † :1JiE ZB .* - tEZ:1J fi{] :1J $JN:t£ * ** fi{] JE* il EJ3:1J® ;JtffiJEfi{J;Jt A m o 11 WJtf4 Strictly Con fidential
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. Jflf!i, t x"x - 0xxx Governing Law and Resolution of Disputes s .1 ff l f! W Governing Law * U , , f i f f ,. f r ,• R Ƈ f i ffl i:f: i OOr!Wo The execution, effectiveness, interpretation, performance, amendment and termination of this Agreement and the resolution of disputes hereunder shall be governed by the laws of the PRC . s. 2 t"i - ½ fuU!JJrt Methods of Resolution of Disputes f i f f B f r * W ffW Ƈ , * JJ@ rl M * • - J m J - o o o - m f ! m r l ftf i . , f f W - J J e y ffi r n AA fcr J \ !Y!Hcr fi o fcr 7 f M : tt!!B 19 m : IJII o fcr {}c J Hi , x ; j' j J t 5 R 0 In the event of any dispute with respect to the interpretation 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, either Party may submit the relevant dispute to the South China International Economic and Trade Arbitration Commission for arbitration, in accordance with the arbitration rules of such arbitration commission effective at that time . The place of the hearing of the arbitration shall be Shenzhen . The arbitration award shall be final and binding on both Parties . 6. m , 10m Taxes and Fees • - jJ@ fflmffli:t:iOOf!W m4 - * ftit½ &%d* ftit ½ ff l Wr n J J x t fi l ff W ½S ftitlDitfll r t i , :t. t l D Xx x x Each Party shall pay any and all transfer and registration taxes, 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 thi s Agreement an d th e Transfer Contracts . 7. Ji 12 ffi'X14 Strictly Confidential
Notices 1.1 :$: - J; ) } i5 l rvrf * s<J :4s: - J; ) } i5 l 1 f s< J foJ r 1 f 5m o t a ;t t fmJJ l f t fZ5 m rt A .tt % • . Mffitt. m*,#• #s<J rm “ tl ! h l o • 5 m 1 f Jis: a< JB A A r - 5E: All notices and other communications required to be given pursuant to this Agreement or otherwise given in connection with this Agreement shall be delivered personally, or sent by registered mail, prepaid postage, a commercial courier service, facsimile transmission or email to the address of such Party set forth below . The dates on which notices shall be deemed to have been effectively given shall be determined as follows : 1.1.1 5 m o a Jt A tl: I s<J, in v arJLl “ tl!:l:Jl: • 4 , m Ii - f - rJLl “ tl!:l:Jl:z.B, 1f Jis:B: Notices given by personal delivery shall be deemed effectively given on the date of receipt at the address set forth below, or the date on which such notices are placed at the address set forth below ; 1 . 1 . 2 5 m a* n&*, tt % m • · m MHH 1 tl : ls<J, inv a rJLl “ tl! : 1 : Jl :. 4 ,=fe INff IN - il!f 4 z . B, 1 f Jis : B : Notices given by courier service, registered mail or prepaid postage shall be deemed effectively given on the date of receipt, refusal or return for any reason at the address set forth below ; 7.1.3 5m o a* f{' - tl: \ EJ{J,!nV fPJrJLl1tA% JJJ1t z. B 1 f Jis:BC$ a<J # - ffi A fil ) o5 m * # # t l:l s <J , a # - m• # J JJ a * * #* • •m † s< J m As<JM r, # JJJ# z.B 1f Bo Notices given by facsimile transmission shall be deemed effectively given on the date of successful transmission to the Fax no . set forth below (as evidenced by an automatically generated confirmation of transmission) . Notices given by email shall be deemed effectively given on the date of successful transmission, provided that the sending Party has received a system message indicating successful transmission or has not received a system message within 24 hours indicating failure of delivery or return of email . 7 .2 5 m l l s<J † a<J , “ tl!:l:.tl : a r: addresses of the Parties are as follows: For the purpose of notices, the = *1fAac• )fltt1f 0 Party A: Dayourenzai (Shenzhen) Technology Co., Ltd. “ tl ! :1:.t J = : :I; ) 1 1 m m rn r x 1 1 m m ::s - JI t “ r x ::s - JJ ! J t m = ® JJ r tt t 2 if f * i i:p , , A.B A4209A26 13 W:1c 14 Strictly Confidential
Address: A4209A26 of Tower A.B, Xintian Century Business Center, west of Shixia North 2nd Street, Shixia Community, Fubao Street, Futian District, Shenzhen Attn: r 111 14: Email: Z1 J I : * * Party Bl: LI Zanyu “ WJ!l: : :!Jllnntw I K m :xi111UIK$ IJIT. “ tl!dcl. i C 3604 ljijc Address: Xxxx 0000 xx Xxxxx X, Xxxxx Resources Land Building, Dachong Community, Yuehai Street, Nanshan District, Shenzhen r111 14: xxx.x@xxxxxx.xxx Email: Z1J 2: iM*g Party B2: XXX Xxxx “ tl! “ .tl: : :JJilmF - tJ w I K m :xl1117t “ IK$ IJm. “ tl!:x c 3604 iliJG Address: Xxxx 0000 xx Xxxxx X, Xxxxx Resources Land Building, Dachong Community, Yuehai Street, Nanshan District, Shenzhen T111 14: xxxxxxx.x@xxxxxx.xxx Email: f} † 1f : :x1r - ¥ C :IJII ) ffi , ,f4tt1 i i*iiJ Party C: Daheshou (Shenzhen) Information Technology Co., Ltd. “ &!.tl: : :lJilmw J w 1KJ!g . qijiflj ( i111f “ IK $ IJ.i1. “ t!!j(JI C 3604 ili5t Address: Xxxx 0000 xx Xxxxx X, Xxxxx Resources Land Building, Dachong Community, Xxxxxx Xxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxxxx 0 00X: *ll* Attn: T 111 14: Email: xxx.l@dhssys . com 0 .0 x x xX X - 0XXX * *'tJilJi: : B" J 1I llif f a t 1m1 I .t t tf: l i H * a c& w 9;0 B"J “ &!.tl0: Any Party may at any time change its address for notices by a notice delivered to the other Parties in accordance with the terms of this Section. s. i%W:ii:E Confidentiality ff i R - Ji::1 i * , * . R • • m •fr * w - B"J ff M Ƒ o om - † WffiA0 $ ffi1i • † Wffi A † W , Wa*• 1 J O O - . - f fM ff l - Ŷ f fM † 14 ijH£':t14 Strictly Confidential
W f L@, , tf£r5'tlf g ,@Jij : (a)0AA “ a s<Jff{AJ{ t ,@ , C ff£# rn• *WffiAz - 1Jffl † 0A•a): mfflmm • • - • a fJi!JnLl, l&Jt - Hf1Hl s<J1fn4t imJifr1m•&z ff{AJ {t ,@,: (c)EEff{AJ - 1J * m aw• *·•• - I - • M4m ••zmA, ffij *·•·· I. - M4• m• * - ffl z*Wffl ff o ffW - n *·•• · I ff l s<Jffl W ns<JfflW , R ,f:& * 11} i,5( ffi 1!!11t' - Jfflff 0 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 of 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 . 9. Jti: - tp*x.xX Further Warranties s< J # . & ff*i1J . s< J mJ E † s<JW* n am - ff* s<J - JE † s<JW m s<J • s<J lL l s< J Jti: - 21 7 f f i9 J o 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. 11t' - J1{{f Breach of Agreement IO.I Z1J pg1f E'Hi:i:li&* i5t. rs<JffW - t' - JJE, Jfiff, ½Bff Bff*i1J. rs<JffW - 4, Z1f pg1f CtJr,'tt&.imJE) 1f*x0X.x0x.xx<J11t"Jo 1¥1i :& ::l<Z1f pg1f* iE * *"ff HHii€ o Ƒ 1f 1¥ 1f Z 1f pg 1f 1t t!:H 00 Jffi9;0 #m tfHI - .IE >J< Fos<J+ C IO) P'J C 1¥1J >J<s<J {m M P'J) Z1f pg1f OJ½', ·tf&.imJE) {Jj**"iE * *"*fm:ML JnLll:f'n ;& † ffl}UE (1) Xx *x0X . , # xXxX0 x xx0X C ffi&.imJE ) $s<J m M : 15 W - l t X 111' Strictl y Confidential
(2) :1H¥.*1JJ m ff Z:,1fE ) Gp;j1 f O :tt,5r . rmJE ) ?:E*ttJ - i,5lJ9( f B{ J 5(*, # *z:,1fE}Gp;j:1fC ffl rm5£) ½$B{Jffl Mfflo* Ef31i?:E*i11'i5 l "" f ff{iiJ!t{m;&l U o If Party B or Party C materially breaches any provision under this Agreement, or fails to perform, performs incompletely or delays to perform any obligation under this Agreement, it shall constitute a breach under this Agreement on the part of Party B or Party C (as the case may be). Party A is entitled to require Party B or Party C to rectify or take remedial measures. If within ten (10) days after Party A delivers a written notice to Party B or Party C and requires for rectification (or within any other reasonable period required by Party A), Party B or Party C (as the case may be) fails to rectify or take remedial measures, Party A is entitled to, at its sole discretion, (1) terminate this Agreement and require Party B or Party C (as the case may be) to compensate all the losses; or (2) require specific performance of the obligations of Party B or Party C (as the case may be) under this Agreement and require Party B or Party C (as the case may be) to compensate all the losses. This Section shall not prejudice any other rights of Party A under this Agreement. 1 o .2 1 wJ51f .m5E, z:, 1i m E)G 1i a ff 1iiJ t* & Y,g 1ij - lf!.1iOO .11:E}G *i1H5lo Party B or Party C shall not terminate this Agreement unilaterally in any event unless otherwise required by the applicable laws. 11. Miscellaneous 11.1 1tiT , 1tc&1 † 1 r 1t Amendments, changes and supplements x t * ttJ - i5l 1 t tl l B{ J f f 1ii J 1 t i T , 11 . a 1 * † r 1 t , 16,@ l t: £ & - 1i o o 1i 1t tl l 0 tt - t } 1i S{ ] 1 f * ttJ - i5 l S{ ] 1 t a ttJ - i5 l lo * r X X i1J , i5 l :n : * ttJ - i5 l S{ ] t.EI. d$* , A1fl † *ttJ , •B{ X X o Any amendment, change and supplement to this Agreement shall be made in writing by all of the Parties . Any amendment agreement and supplementary agreement duly executed by the Parties hereto with regard to this Agreement shall constitute an integral part of this Agreement, and shall have equal legal validity as this Agreement . 11.2 % - Entire agreement 7 ?:E*i1J,i5l J † JiJT1t tll B{J 001ti - J, 1r JCE)G1tc& )'h *ttJ - i5lt1Jd *tt } - t}1f.*ttJ - B{ X X dB{J% • . ?: E - *tt} B{X X dB{JM1f Ƒ E)G OOB{JttJ,ft,. ttJ - o Except for the amendments, supplements or changes in writing executed after the execution of this Agreement, this Agreement shall constitute the entire agreement reached by and among the Parties hereto with respect to 16 - !£ ' J t 11f : Strictl y Confidential
the subject matter hereof, and shall supersede all prior oral and written consultations, representations and contracts reached with respect to the subject matter of this Agreement . 11.3 :fiFB Headings * - o o w s•m* • * d oo It XxXX * i,5( r UJ Ji: 15 - :X. o The headings of this Agreement are for convenience only, and shall not be used to interpret, explain or otherwise affect the meanings of the provisions of this Agreement . 11.4 ey:5tltltt Severability •* 1fW - •d ••Ji: ffl1fW$ d$ma1fw oo• &Ji: - $ d A J ff , * - Ji : tt - $tt dAJ fftt @ ff W OO ft, • $ PT & mm •* dfflWo @Rtt•aa - Ji: •® - $ d P T f f m5i: , w •sze y • ® - $d • )Em ff m5i:m m m - ffl { o In the event that one or several of the provisions of this Agreement are held 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 . 11.5 1f::lr Successors * • M & ff::lr . ffiACSff i ffi - ) ft il A *h, #M o The terms of this Agreement shall be binding on the Parties hereto and their respective successors, heirs (including who inherited the Optioned Interests) and permitted assigns, and shall be valid with respect to the Parties and each of their successors, heirs and permitted assigns. 11.6 Survival 17 tl¼*Jtflj: Strictly Confidential
1. *tb,t50t'HipJZm liu l.ClW *tb,tJ Wbt1:Er - JP)4iLlWJEt - J1f{i'iJ 51...!/r a* WJ - pJZmlitr l.C † o Any obligations that occurred or that are due in connection with this Agreement before the expiration or early termination of this Agreement shall survive the expiration or early termination thereof. 2. *tb,t J 5, 8, 10 *o * 11.6 JkEt - J .mJEa * t J l.CFo o The provisions of Sections 5, 8, 10 and this Section 11.6 shall survive the termination of this Agreement. 7. #t>l Waivers f f W - M * E t - J # i l i # I D i l i # * o - a #M - Et - J m Et - J#t>l $ - a M - Et - J B M ili#t>lo 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 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. 11.8 i!g Language * - , - ff i , M - ff i o * * * ffW - , * mo This Agreement is written in both Chinese and English language in quadruplicate, each Party having one copy . In case of any conflicts between the Chinese version and the English Version, the Chinese version shall prevail . 18 W 'Jtftj: Strictly Confidential
ޥଡиࠕ ͧ ՞ݱٛ҄ڰকҾܪࣩіиݧநے૩ݺޫढ़гޯࢮ؞કа ԢٶԮ࣏ݝ ͧ јމґ؋ ͩ ݿ WI 1 NESS WHEREOF, the Parties have caused their authorized representatives to execute ࣒ is Exclusive Option Agreement 式 澞 f Ь e date fi rs t above wntten . 䟣 ݱ z לޥъ֧ 澤 ⴍ η澥 य۪ޥୡҷ՚ Party A: Dayourenzai (Shenzhen) Technology Co ਞ Ltd. ढ़ ͵ By: գ ͵ Name: Ѹ z Title:
㗇愲ᵌ㨢 濕 ⋂㑷ⲯḽ⹕䶍‴㉆㘁䕂ᶡ圦ᵌ㑅桔ヾ庮㒣㗝䨼丰ᵄ㗪䆪⩴寫ᴮ㘁 ∍婬ᵓ∱䏝㐆 濕 ᶣ㓫ẟ⩆ 濗 ∥ J WI 䔻ᴝ SS 䚴⌾ E RE OF , th e Parties have cause d th ei r au th orized representatives to execute 䏯 is Exclusive Option Agreement as of the date first above wntten. ᴗ 㑷 1: 㘌䋎⩅ Party Bl: LI Zanyu 䨼⨕ 濣 By: ᴗ㑷 2: 嫠昔 Party 82: XXX Xxxx 䨼⨕ z ǃ lit - 濊 䏝 " T J n 果
㗇愲ᵌ㨢 濕 ⋂㑷ⲯḽ⹕䶍‴㉆㘁䕂ᶡ圦ᵌ㑅桔ヾ庮㒣㗝䨼丰ᵄ㗪䆪⩴寫ᴮ㘁 ∍婬ⴴ∱䏝㐆 濕 ᶣ㓫ẟ⩆ Ʋ IN WITNESS WHEREOF, the Parties have caused their authorized representatives to execute this Exclusive Option Agreement as of the date xxxx above written. ᳗㑷 濣 Party C: ⟥⋆ㄉ Ƹ 㲯◱ ƹ ẟ⼭䢏ㄾ㗇攎⊶ Daheshou (Shenzhen) Information Technology Co., Ltd. 㓗Ѹ 㘌䍚⩅ 䨼⨕ 濣 B y: ⢑⋋ 濣 N ࡋ n e: LI Zanyu 伊ḋ 濣 㮓⩘ᶡ圦ᵸ Title : Lega l Representative
