English Translation of Termination LetterConsumer Capital Group, Inc. • March 30th, 2018 • Miscellaneous business credit institution
Party A is an operating entity in China. Party B is a VIE of Consumer Capital Group Inc. (“Consumer Capital”). The parties entered into an Equity Transfer Agreement (the “Agreement”) on November 17, 2017. According to the Agreement, Party B acquired 100% of the issued and outstanding equity securities of Party A from its shareholders (the “Shareholders”). Party B also issued to the Shareholders an aggregate of 4,175,417 shares of common stock of Consumer Capital (the “Common Stock”). Specifically, Zheng Xiao received 1,461,387 shares of Common Stock; Ruisong XU received 1,252,643 shares of Common Stock; and Lijun Xiao received 1,461,387 shares of Common Stock.
