Code Chain New Continent Ltd
EQUITY PLEDGE AGREEMENT, DATED SEPTEMBER 16, 2022
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ea166761ex10-2_codechain.htm
<DESCRIPTION>EQUITY PLEDGE AGREEMENT, DATED SEPTEMBER 16, 2022
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.2</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#32929;&#26435;&#36136;&#25276;&#21512;&#21516;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Equity Pledge Agreement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#32929;&#26435;&#36136;&#25276;&#21512;&#21516;&#65288;&#19979;&#31216;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21512;&#21516;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#30001;&#19979;&#21015;&#21508;&#26041;&#20110;</FONT>2022<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>9<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>16<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#22312;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#65288;&#19979;&#31216;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#19978;&#28023;&#24066;&#31614;&#35746;&#65306;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This Equity Pledge Agreement (this &ldquo;Agreement&rdquo;)
has been executed by and among the following parties on September 16, 2022 in Shanghai, the People&rsquo;s Republic of China (&ldquo;China&rdquo;
or the &ldquo;PRC&rdquo;):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#30002;&#26041;&#65306;</B></FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#39532;&#21487;&#24605;&#29289;&#32852;&#25216;&#26415;&#65288;&#19978;&#28023;&#65289;&#26377;&#38480;&#20844;&#21496;</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><B>Party A:</B></TD>
    <TD COLSPAN="2"><B>Makesi IoT Technology (Shanghai) Co., Ltd.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22320;&#22336;&#65306;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#19978;&#28023;&#24066;&#24464;&#27719;&#21306;&#20013;&#23665;&#35199;&#36335;</FONT>2020<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21495;</FONT>502A40<FONT STYLE="font-family: Times New Roman, Times, Serif">&#23460;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Address:</TD>
    <TD COLSPAN="2">Room 502A40, No 2020 Zhongshanxi Road, Xuhui District, Shanghai, China</TD></TR>
  <TR>
    <TD STYLE="width: 17%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 79%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#20057;&#26041;&#65306;</B></FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31614;&#23383;&#32929;&#19996;</B>&#65288;&#19979;&#31216;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#20986;&#36136;&#20154;</B></FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: justify"><B>Party B:</B></TD>
    <TD STYLE="text-align: justify"><B>The undersigned shareholders </B>(hereinafter each refers to &ldquo;<B>Pledgor</B>&rdquo;, collectively, &ldquo;Pledgors&rdquo;)</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#19993;&#26041;&#65306;</B></FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#19978;&#28023;&#20809;&#28857;&#20256;&#23186;&#26377;&#38480;&#20844;&#21496;</B></FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: justify"><B>Party C:</B></TD>
    <TD STYLE="vertical-align: top"><B>Shanghai Guangdian Media Co., Ltd.</B></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22320;&#22336;&#65306;</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#19978;&#28023;&#24066;&#26222;&#38464;&#21306;&#37329;&#27801;&#27743;&#36335;</FONT>1678<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21495;</FONT>918<FONT STYLE="font-family: Times New Roman, Times, Serif">&#23460;</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: justify">Address:</TD>
    <TD STYLE="vertical-align: top">Room 918, No 1678 Jinshajiang Road, Putuo District, Shanghai City, China</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22312;&#26412;&#21512;&#21516;&#20013;&#65292;&#36136;&#26435;&#20154;&#12289;&#20986;&#36136;&#20154;&#21644;&#19993;&#26041;&#20197;&#19979;&#21508;&#31216;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19968;&#26041;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65292;&#21512;&#31216;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21508;&#26041;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In this Agreement, each of Pledgee, Pledgor and
Party C shall be referred to as a &ldquo;Party&rdquo; respectively, and they shall be collectively referred to as the &ldquo;Parties&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Equity Pledge Agreement</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&#37492;&#20110;&#65306;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Whereas:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in; text-align: left">1&#65294;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20986;&#36136;&#20154;&#26159;&#20004;&#20301;&#25317;&#26377;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#65288;&#19979;&#31216;&ldquo;&#20013;&#22269;&rdquo;&#65289;&#22269;&#31821;&#30340;&#33258;&#28982;&#20154;&#65292;&#21512;&#35745;&#25317;&#26377;&#19993;&#26041;</FONT>100%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30340;&#32929;&#26435;&#12290;&#19993;&#26041;&#26159;&#19968;&#23478;&#22312;&#20013;&#22269;&#19978;&#28023;&#24066;&#27880;&#20876;&#25104;&#31435;&#30340;&#26377;&#38480;&#36131;&#20219;&#20844;&#21496;&#12290;&#19993;&#26041;&#22312;&#27492;&#30830;&#35748;&#20986;&#36136;&#20154;&#21644;&#36136;&#26435;&#20154;&#22312;&#26412;&#21512;&#21516;&#19979;&#30340;&#26435;&#21033;&#21644;&#20041;&#21153;&#24182;&#25552;&#20379;&#24517;&#35201;&#30340;&#21327;&#21161;&#20197;&#30331;&#35760;&#35813;&#36136;&#26435;&#65307;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">Pledgors are two natural person with
the nationality of the People&rsquo;s Republic of China (hereinafter referred to as &ldquo;China&rdquo;). The Pledgors collectively hold 100%
of the equity interest in Party C in record. Party C is a limited liability company registered in Shanghai, 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;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in; text-align: left">2&#65294;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#36136;&#26435;&#20154;&#26159;&#19968;&#23478;&#22312;&#20013;&#22269;&#27880;&#20876;&#30340;&#22806;&#21830;&#29420;&#36164;&#20225;&#19994;&#12290;&#36136;&#26435;&#20154;&#19982;&#20986;&#36136;&#20154;&#12289;&#20986;&#36136;&#20154;&#25152;&#25317;&#26377;&#30340;&#19993;&#26041;&#31614;&#35746;&#20102;&#25216;&#26415;&#21672;&#35810;&#19982;&#26381;&#21153;&#21327;&#35758;&#31561;&#19968;&#31995;&#21015;&#26088;&#22312;&#24418;&#25104;&#36136;&#26435;&#20154;&#25511;&#21046;&#19993;&#26041;&#30340;&#21327;&#35758;&#65288;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#25511;&#21046;&#21327;&#35758;</B></FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#65307;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">Pledgee is a wholly foreign-owned enterprise
registered in China. Pledgee, Pledgor and Party C owned by Pledgor have executed a Technical Consultation and Service Agreement and other
control agreements (the &ldquo;<B>Control Agreements</B>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in; text-align: left">3&#65294;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20026;&#20102;&#20445;&#35777;&#20986;&#36136;&#20154;&#21450;&#19993;&#26041;&#23653;&#34892;&#25511;&#21046;&#21327;&#35758;&#39033;&#19979;&#30340;&#20041;&#21153;&#65292;&#25353;&#29031;&#32422;&#23450;&#21521;&#36136;&#26435;&#20154;&#25903;&#20184;&#21672;&#35810;&#21644;&#26381;&#21153;&#36153;&#31561;&#21040;&#26399;&#27454;&#39033;&#65292;&#20986;&#36136;&#20154;&#20197;&#20854;&#22312;&#19993;&#26041;&#20013;&#25317;&#26377;&#30340;&#20840;&#37096;&#32929;&#26435;&#21521;&#36136;&#26435;&#20154;&#23601;&#25511;&#21046;&#21327;&#35758;&#39033;&#19979;&#19993;&#26041;&#30340;&#20184;&#27454;&#20041;&#21153;&#20570;&#20986;&#36136;&#25276;&#25285;&#20445;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#20026;&#20102;&#23653;&#34892;&#25511;&#21046;&#21327;&#35758;&#30340;&#26465;&#27454;&#65292;&#21508;&#26041;&#21830;&#23450;&#25353;&#29031;&#20197;&#19979;&#26465;&#27454;&#31614;&#35746;&#26412;&#21512;&#21516;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">To perform the provisions of the Control Agreements,
the Parties have mutually agreed to execute this Agreement upon the following terms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#31532;&#19968;&#26465;</B></FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#23450;&#20041;</B></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.75in; text-align: justify"><B>DEFINITIONS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&#38500;&#38750;&#26412;&#21512;&#21516;&#21478;&#26377;&#35268;&#23450;&#65292;&#19979;&#21015;&#35789;&#35821;&#21547;&#20041;&#20026;&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">Unless otherwise provided herein, the
terms below shall have the following meanings:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in; text-align: left"><FONT STYLE="font-size: 10pt">1.1</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#36136;&#26435;&#65306;&#25351;&#20986;&#36136;&#20154;&#26681;&#25454;&#26412;&#21512;&#21516;&#31532;</FONT><FONT STYLE="font-size: 10pt">2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#32473;&#20104;&#36136;&#26435;&#20154;&#30340;&#25285;&#20445;&#29289;&#26435;&#65292;&#21363;&#25351;&#36136;&#26435;&#20154;&#25152;&#20139;&#26377;&#30340;&#65292;&#20197;&#20986;&#36136;&#20154;&#36136;&#25276;&#32473;&#36136;&#26435;&#20154;&#30340;&#32929;&#26435;&#25240;&#20215;&#25110;&#25293;&#21334;&#12289;&#21464;&#21334;&#35813;&#32929;&#26435;&#30340;&#20215;&#27454;&#20248;&#20808;&#21463;&#20607;&#30340;&#26435;&#21033;&#12290;</FONT></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"></P>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Equity Pledge Agreement</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">1.2</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#32929;&#26435;&#65306;&#25351;&#20986;&#36136;&#20154;&#29616;&#22312;&#21644;&#23558;&#26469;&#21512;&#27861;&#25345;&#26377;&#30340;&#20854;&#22312;&#19993;&#26041;&#30340;&#20840;&#37096;&#32929;&#26435;&#26435;&#30410;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">Equity Interest: shall refer to all
of the equity interest lawfully now held and hereafter acquired by Pledgor in Party C.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">1.3</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#36136;&#25276;&#26399;&#38480;&#65306;&#25351;&#26412;&#21512;&#21516;&#31532;</FONT>3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#35268;&#23450;&#30340;&#26399;&#38388;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">Term of Pledge: shall refer to the
term set forth in Section 3 of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">1.4</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25511;&#21046;&#21327;&#35758;&#65306;&#25351;&#20986;&#36136;&#20154;&#12289;&#19993;&#26041;&#19982;&#36136;&#26435;&#20154;&#20110;</FONT>2022<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>9<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>16<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#31614;&#35746;&#30340;&#25216;&#26415;&#21672;&#35810;&#19982;&#26381;&#21153;&#21327;&#35758;&#31561;&#19968;&#31995;&#21015;&#25511;&#21046;&#24615;&#21327;&#35758;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">Control Agreements: shall refer to
Technical Consultation and Service Agreements and other relevant control agreements executed by and among Pledgor, Party C and Pledgee
on September 16, 2022.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">1.5</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#36829;&#32422;&#20107;&#20214;&#65306;&#25351;&#26412;&#21512;&#21516;&#31532;</FONT>7<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#25152;&#21015;&#20219;&#20309;&#24773;&#20917;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">Event of Default: shall refer to any
of the circumstances set forth in Section 7 of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">1.6</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#36829;&#32422;&#36890;&#30693;&#65306;&#25351;&#36136;&#26435;&#20154;&#26681;&#25454;&#26412;&#21512;&#21516;&#21457;&#20986;&#30340;&#23459;&#24067;&#36829;&#32422;&#20107;&#20214;&#30340;&#36890;&#30693;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">Notice of Default: shall refer to the
notice issued by Pledgee in accordance with this Agreement declaring an Event of Default.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#31532;&#20108;&#26465;</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#36136;&#26435;</B></FONT></TD>
    </TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"><B>THE PLEDGE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&#20986;&#36136;&#20154;&#12289;&#19993;&#26041;&#20026;&#23436;&#20840;&#23653;&#34892;&#25511;&#21046;&#21327;&#35758;&#65292;&#20197;&#21450;&#25353;&#26102;&#21644;&#20840;&#39069;&#25903;&#20184;&#25511;&#21046;&#21327;&#35758;&#39033;&#19979;&#36136;&#26435;&#20154;&#24212;&#24471;&#30340;&#20219;&#20309;&#25110;&#20840;&#37096;&#30340;&#27454;&#39033;&#65292;&#21253;&#25324;&#20294;&#19981;&#38480;&#20110;&#25511;&#21046;&#21327;&#35758;&#20013;&#35268;&#23450;&#30340;&#21672;&#35810;&#21644;&#26381;&#21153;&#36153;&#30340;&#25285;&#20445;&#65288;&#26080;&#35770;&#35813;&#31561;&#36153;&#29992;&#30340;&#21040;&#26399;&#24212;&#20184;&#26159;&#30001;&#20110;&#21040;&#26399;&#26085;&#30340;&#21040;&#26469;&#12289;&#25552;&#21069;&#25910;&#27454;&#30340;&#35201;&#27714;&#25110;&#20854;&#23427;&#21407;&#22240;&#65289;&#20043;&#30446;&#30340;&#65292;&#20986;&#36136;&#20154;&#29305;&#27492;&#23558;&#20854;&#29616;&#26377;&#25110;&#23558;&#25317;&#26377;&#30340;&#19993;&#26041;&#30340;&#20840;&#37096;&#32929;&#26435;&#26435;&#30410;&#36136;&#25276;&#32473;&#36136;&#26435;&#20154;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">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&rsquo;s right, title and interest,
whether now owned or hereafter acquired by Pledgor, in the Equity Interest of Party C.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"></P>

<!-- Field: Page; Sequence: 3; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Equity Pledge Agreement</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#31532;&#19977;&#26465;</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#36136;&#25276;&#26399;&#38480;</B></FONT></TD>
    </TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"><B>TERM OF PLEDGE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 0.75in; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.1</FONT></TD>
    <TD STYLE="text-align: justify; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#26412;&#36136;&#26435;&#33258;&#26412;&#21512;&#21516;&#39033;&#19979;&#30340;&#32929;&#26435;&#20986;&#36136;&#22312;&#30456;&#24212;&#30340;&#24066;&#22330;&#30417;&#30563;&#31649;&#29702;&#26426;&#20851;&#30331;&#35760;&#20043;&#26085;&#36215;&#29983;&#25928;&#65292;&#36136;&#26435;&#26377;&#25928;&#26399;&#25345;&#32493;&#21040;&#20986;&#36136;&#20154;&#19981;&#20877;&#25285;&#20219;&#19993;&#26041;&#30340;&#32929;&#19996;&#25110;&#19993;&#26041;&#23653;&#34892;&#25152;&#26377;&#25511;&#21046;&#21327;&#35758;&#39033;&#19979;&#20041;&#21153;&#20026;&#27490;&#12290;&#20986;&#36136;&#20154;&#24212;&#24403;&#23558;&#36136;&#25276;&#22312;&#20844;&#21496;&#32929;&#19996;&#21517;&#20876;&#19978;&#36733;&#26126;&#12290;</FONT></TD></TR>
  </TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">The Pledge shall become effective on
such date when the pledge of the Equity Interest contemplated herein has been registered with relevant administration for market regulation
(the &ldquo;AMR&rdquo;). 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 of this Agreement
in the Company&rsquo;s Register of Shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">3.2</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#36136;&#25276;&#26399;&#38480;&#20869;&#65292;&#22914;&#19993;&#26041;&#26410;&#25353;&#25511;&#21046;&#21327;&#35758;&#20132;&#20184;&#21672;&#35810;&#26381;&#21153;&#36153;&#31561;&#36153;&#29992;&#65292;&#36136;&#26435;&#20154;&#26377;&#26435;&#20294;&#26080;&#20041;&#21153;&#25353;&#26412;&#21512;&#21516;&#30340;&#35268;&#23450;&#22788;&#20998;&#36136;&#26435;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">During the Term of Pledge, in the event
Party C fails to pay the exclusive 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#31532;&#22235;&#26465;</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#36136;&#26435;&#20973;&#35777;&#30340;&#20445;&#31649;</B></FONT></TD>
    </TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"><B>CUSTODY OF RECORDS FOR EQUITY INTEREST
SUBJECT TO PLEDGE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">4.1</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22312;&#26412;&#21512;&#21516;&#35268;&#23450;&#30340;&#36136;&#25276;&#26399;&#38480;&#20869;&#65292;&#20986;&#36136;&#20154;&#24212;&#23558;&#35760;&#36733;&#36136;&#26435;&#30340;&#32929;&#19996;&#21517;&#20876;&#20132;&#20184;&#36136;&#26435;&#20154;&#20445;&#31649;&#12290;&#20986;&#36136;&#20154;&#24212;&#22312;&#26412;&#21512;&#21516;&#31614;&#35746;&#20043;&#26085;&#36215;&#19968;&#21608;&#20869;&#23558;&#19978;&#36848;&#32929;&#19996;&#21517;&#20876;&#20132;&#20184;&#32473;&#36136;&#26435;&#20154;&#12290;&#36136;&#26435;&#20154;&#23558;&#22312;&#26412;&#21512;&#21516;&#35268;&#23450;&#30340;&#20840;&#37096;&#36136;&#25276;&#26399;&#38388;&#19968;&#30452;&#20445;&#31649;&#36825;&#20123;&#39033;&#30446;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">During the Term of Pledge set forth
in this Agreement, Pledgor shall deliver to Pledgee&rsquo;s custody the shareholders&rsquo; 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">4.2</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22312;&#36136;&#25276;&#26399;&#38480;&#20869;&#65292;&#36136;&#26435;&#20154;&#26377;&#26435;&#25910;&#21462;&#32929;&#26435;&#25152;&#20135;&#29983;&#30340;&#32418;&#21033;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">Pledgee shall have the right to collect
dividends generated by the Equity Interest during the Term of Pledge.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"></P>

<!-- Field: Page; Sequence: 4; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Equity Pledge Agreement</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#31532;&#20116;&#26465;</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#20986;&#36136;&#20154;&#30340;&#22768;&#26126;&#21644;&#20445;&#35777;</B></FONT></TD>
    </TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"><B>REPRESENTATIONS AND WARRANTIES OF
PLEDGOR</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">5.1</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20986;&#36136;&#20154;&#26159;&#32929;&#26435;&#30331;&#35760;&#25152;&#26377;&#20154;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">Pledgor is the owner of the Equity
Interest in record of register of shareholder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">5.2</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#36136;&#26435;&#20154;&#26377;&#26435;&#20197;&#26412;&#21512;&#21516;&#35268;&#23450;&#30340;&#26041;&#24335;&#22788;&#20998;&#24182;&#36716;&#35753;&#32929;&#26435;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">Pledgee shall have the right to dispose
of and transfer the Equity Interest in accordance with the provisions set forth in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">5.3</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#38500;&#26412;&#36136;&#26435;&#20043;&#22806;&#65292;&#20986;&#36136;&#20154;&#26410;&#22312;&#32929;&#26435;&#19978;&#35774;&#32622;&#20219;&#20309;&#20854;&#20182;&#36136;&#25276;&#26435;&#21033;&#25110;&#20854;&#20182;&#25285;&#20445;&#26435;&#30410;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">Except for the Pledge, Pledgor has
not placed any security interest or other encumbrance on the Equity Interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#31532;&#20845;&#26465;</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#20986;&#36136;&#20154;&#30340;&#25215;&#35834;&#21644;&#30830;&#35748;</B></FONT></TD>
    </TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"><B>COVENANTS AND FURTHER AGREEMENTS
OF PLEDGOR</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">6.1</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22312;&#26412;&#21512;&#21516;&#23384;&#32493;&#26399;&#38388;&#65292;&#20986;&#36136;&#20154;&#21521;&#36136;&#26435;&#20154;&#25215;&#35834;&#65292;&#20986;&#36136;&#20154;&#23558;&#65306;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">Pledgor hereby covenants to the Pledgee,
that during the term of this Agreement, Pledgor shall:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 0.25in; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1&#65289;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#38500;&#23653;&#34892;&#30001;&#20986;&#36136;&#20154;&#19982;&#36136;&#26435;&#20154;&#12289;&#19993;&#26041;&#20110;&#26412;&#21512;&#21516;&#31614;&#32626;&#26085;&#31614;&#35746;&#30340;&#12298;&#32929;&#26435;&#22788;&#20998;&#21512;&#21516;&#12299;&#65288;&ldquo;&#32929;&#26435;&#22788;&#20998;&#21512;&#21516;&rdquo;&#65289;&#22806;&#65292;&#26410;&#32463;&#36136;&#26435;&#20154;&#20107;&#20808;&#20070;&#38754;&#21516;&#24847;&#65292;&#19981;&#24471;&#36716;&#35753;&#32929;&#26435;&#65292;&#19981;&#24471;&#22312;&#32929;&#26435;&#19978;&#35774;&#31435;&#25110;&#20801;&#35768;&#23384;&#22312;&#20219;&#20309;&#25285;&#20445;&#25110;&#20854;&#20182;&#20538;&#21153;&#36127;&#25285;&#65307;</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 99.25pt; text-align: justify; text-indent: -42.55pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">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 Equity Option Agreement (the &ldquo;Equity Option Agreement&rdquo;) executed by Pledgor,
the Pledgee and Party C on the execution date of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 99.25pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in">&nbsp;</TD>
    <TD STYLE="width: 0.25in">&#65288;2&#65289;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#36981;&#23432;&#24182;&#25191;&#34892;&#25152;&#26377;&#26377;&#20851;&#26435;&#21033;&#36136;&#25276;&#30340;&#27861;&#24459;&#12289;&#27861;&#35268;&#30340;&#35268;&#23450;&#65292;&#22312;&#25910;&#21040;&#26377;&#20851;&#20027;&#31649;&#26426;&#20851;&#23601;&#36136;&#26435;&#21457;&#20986;&#25110;&#21046;&#23450;&#30340;&#36890;&#30693;&#12289;&#25351;&#20196;&#25110;&#24314;&#35758;&#26102;&#65292;&#20110;&#20116;&#65288;5&#65289;&#20010;&#24037;&#20316;&#26085;&#20869;&#21521;&#36136;&#26435;&#20154;&#20986;&#31034;&#19978;&#36848;&#36890;&#30693;&#12289;&#25351;&#20196;&#25110;&#24314;&#35758;&#65292;&#21516;&#26102;&#36981;&#23432;&#19978;&#36848;&#36890;&#30693;&#12289;&#25351;&#20196;&#25110;&#24314;&#35758;&#65292;&#25110;&#25353;&#29031;&#36136;&#26435;&#20154;&#30340;&#21512;&#29702;&#35201;&#27714;&#25110;&#32463;&#36136;&#26435;&#20154;&#21516;&#24847;&#23601;&#19978;&#36848;&#20107;&#23452;&#25552;&#20986;&#21453;&#23545;&#24847;&#35265;&#21644;&#38472;&#36848;&#65307;</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 99.25pt; text-align: justify; text-indent: -42.55pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">comply with the provisions of all
laws and regulations applicable to the pledge of rights, and within five (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&rsquo;s reasonable request or upon consent of Pledgee;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 99.25pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 99.25pt; text-align: justify"></P>

<!-- Field: Page; Sequence: 5; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Equity Pledge Agreement</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 99.25pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in">&nbsp;</TD>
    <TD STYLE="width: 0.25in; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&#65288;3&#65289;</FONT></TD>
    <TD STYLE="text-align: justify; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#23558;&#20219;&#20309;&#21487;&#33021;&#23548;&#33268;&#23545;&#20986;&#36136;&#20154;&#32929;&#26435;&#25110;&#20854;&#20219;&#20309;&#37096;&#20998;&#30340;&#26435;&#21033;&#20135;&#29983;&#24433;&#21709;&#30340;&#20107;&#20214;&#25110;&#25910;&#21040;&#30340;&#36890;&#30693;&#65292;&#20197;&#21450;&#21487;&#33021;&#25913;&#21464;&#20986;&#36136;&#20154;&#22312;&#26412;&#21512;&#21516;&#20013;&#30340;&#20219;&#20309;&#20445;&#35777;&#12289;&#20041;&#21153;&#25110;&#23545;&#20986;&#36136;&#20154;&#23653;&#34892;&#20854;&#22312;&#26412;&#21512;&#21516;&#20013;&#20041;&#21153;&#21487;&#33021;&#20135;&#29983;&#24433;&#21709;&#30340;&#20219;&#20309;&#20107;&#20214;&#25110;&#25910;&#21040;&#30340;&#36890;&#30693;&#21450;&#26102;&#36890;&#30693;&#36136;&#26435;&#20154;&#12290;</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 99.25pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">promptly notify Pledgee of any event
or notice received by Pledgor that may have an impact on Pledgee&rsquo;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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 99.25pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.2</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#20986;&#36136;&#20154;&#21516;&#24847;&#65292;&#36136;&#26435;&#20154;&#25353;&#26412;&#21512;&#21516;&#26465;&#27454;&#21462;&#24471;&#30340;&#23545;&#36136;&#26435;&#20139;&#26377;&#30340;&#26435;&#21033;&#65292;&#19981;&#24212;&#21463;&#21040;&#20986;&#36136;&#20154;&#25110;&#20986;&#36136;&#20154;&#30340;&#32487;&#25215;&#20154;&#25110;&#20986;&#36136;&#20154;&#20043;&#22996;&#25176;&#20154;&#25110;&#20219;&#20309;&#20854;&#20182;&#20154;&#36890;&#36807;&#27861;&#24459;&#31243;&#24207;&#30340;&#20013;&#26029;&#25110;&#22952;&#23475;&#12290;</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">6.3</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20986;&#36136;&#20154;&#21521;&#36136;&#26435;&#20154;&#20445;&#35777;&#65292;&#20026;&#20445;&#25252;&#25110;&#23436;&#21892;&#26412;&#21512;&#21516;&#23545;&#20607;&#20184;&#25511;&#21046;&#21327;&#35758;&#39033;&#19979;&#21672;&#35810;&#26381;&#21153;&#36153;&#31561;&#36153;&#29992;&#30340;&#25285;&#20445;&#65292;&#20986;&#36136;&#20154;&#23558;&#35802;&#23454;&#31614;&#32626;&#12289;&#24182;&#20419;&#20351;&#20854;&#20182;&#19982;&#36136;&#26435;&#26377;&#21033;&#23475;&#20851;&#31995;&#30340;&#24403;&#20107;&#20154;&#31614;&#32626;&#36136;&#26435;&#20154;&#25152;&#35201;&#27714;&#30340;&#25152;&#26377;&#30340;&#26435;&#21033;&#35777;&#20070;&#12289;&#22865;&#32422;&#21644;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25110;&#23653;&#34892;&#24182;&#20419;&#20351;&#20854;&#20182;&#26377;&#21033;&#23475;&#20851;&#31995;&#30340;&#24403;&#20107;&#20154;&#23653;&#34892;&#36136;&#26435;&#20154;&#25152;&#35201;&#27714;&#30340;&#34892;&#20026;&#65292;&#24182;&#20026;&#26412;&#21512;&#21516;&#36171;&#20104;&#36136;&#26435;&#20154;&#20043;&#26435;&#21033;&#12289;&#25480;&#26435;&#30340;&#34892;&#20351;&#25552;&#20379;&#20415;&#21033;&#65292;&#19982;&#36136;&#26435;&#20154;&#25110;&#20854;&#25351;&#23450;&#30340;&#20154;</FONT>(<FONT STYLE="font-family: Times New Roman, Times, Serif">&#33258;&#28982;&#20154;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#27861;&#20154;</FONT>)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#31614;&#32626;&#25152;&#26377;&#30340;&#26377;&#20851;&#32929;&#26435;&#25152;&#26377;&#26435;&#30340;&#25991;&#20214;&#65292;&#24182;&#22312;&#21512;&#29702;&#26399;&#38388;&#20869;&#21521;&#36136;&#26435;&#20154;&#25552;&#20379;&#20854;&#35748;&#20026;&#38656;&#35201;&#30340;&#25152;&#26377;&#30340;&#26377;&#20851;&#36136;&#26435;&#30340;&#36890;&#30693;&#12289;&#21629;&#20196;&#21450;&#20915;&#23450;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"></P>

<!-- Field: Page; Sequence: 6; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Equity Pledge Agreement</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">6.4</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20986;&#36136;&#20154;&#21521;&#36136;&#26435;&#20154;&#20445;&#35777;&#65292;&#20986;&#36136;&#20154;&#23558;&#36981;&#23432;&#12289;&#23653;&#34892;&#26412;&#21512;&#21516;&#39033;&#19979;&#25152;&#26377;&#30340;&#20445;&#35777;&#12289;&#25215;&#35834;&#12289;&#21327;&#35758;&#12289;&#38472;&#36848;&#21450;&#26465;&#20214;&#12290;&#22914;&#20986;&#36136;&#20154;&#19981;&#23653;&#34892;&#25110;&#19981;&#23436;&#20840;&#23653;&#34892;&#20854;&#20445;&#35777;&#12289;&#25215;&#35834;&#12289;&#21327;&#35758;&#12289;&#38472;&#36848;&#21450;&#26465;&#20214;&#65292;&#20986;&#36136;&#20154;&#24212;&#36180;&#20607;&#36136;&#26435;&#20154;&#30001;&#27492;&#36973;&#21463;&#30340;&#19968;&#20999;&#25439;&#22833;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">6.5</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20986;&#36136;&#20154;&#24212;&#22312;&#26412;&#21327;&#35758;&#31614;&#35746;&#21518;&#23613;&#21487;&#33021;&#24555;&#22320;&#21521;&#24066;&#22330;&#30417;&#30563;&#31649;&#29702;&#37096;&#38376;&#21150;&#29702;&#36136;&#25276;&#30331;&#35760;&#25163;&#32493;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">The Pledgors shall process the registration
procedures with the competent AMR concerning the Pledge as soon as practical after the execution of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">6.6</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26410;&#32463;&#20107;&#20808;&#20070;&#38754;&#36890;&#30693;&#36136;&#26435;&#20154;&#24182;&#33719;&#24471;&#20854;&#20107;&#20808;&#20070;&#38754;&#21516;&#24847;&#65292;&#20986;&#36136;&#20154;&#19981;&#24471;&#23558;&#32929;&#26435;&#36716;&#35753;&#65292;&#20986;&#36136;&#20154;&#30340;&#25152;&#26377;&#25311;&#36716;&#35753;&#32929;&#26435;&#30340;&#34892;&#20026;&#26080;&#25928;&#12290;&#20986;&#36136;&#20154;&#36716;&#35753;&#32929;&#26435;&#25152;&#24471;&#20215;&#27454;&#24212;&#39318;&#20808;&#29992;&#20110;&#25552;&#21069;&#21521;&#36136;&#26435;&#20154;&#28165;&#20607;&#25285;&#20445;&#20538;&#21153;&#25110;&#21521;&#19982;&#36136;&#26435;&#20154;&#32422;&#23450;&#30340;&#31532;&#19977;&#20154;&#25552;&#23384;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">Without notifying Pledgee in advance
and obtaining Pledgee&rsquo;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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;&#19971;&#26465;</B></FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#36829;&#32422;&#20107;&#20214;</B></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"><B>EVENT OF BREACH</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">7.1</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#19979;&#21015;&#20107;&#39033;&#22343;&#34987;&#35270;&#20026;&#36829;&#32422;&#20107;&#20214;&#65306;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">The following circumstances shall be
deemed Event of Default:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in">&nbsp;</TD>
    <TD STYLE="width: 0.25in; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#65288;1&#65289;</FONT></TD>
    <TD STYLE="text-align: justify; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#19993;&#26041;&#26410;&#33021;&#25353;&#26399;&#12289;&#23436;&#25972;&#23653;&#34892;&#25511;&#21046;&#21327;&#35758;&#39033;&#19979;&#20219;&#20309;&#36131;&#20219;&#65292;&#21253;&#25324;&#20294;&#19981;&#38480;&#20110;&#19993;&#26041;&#26410;&#33021;&#25353;&#26399;&#36275;&#39069;&#25903;&#20184;&#25511;&#21046;&#21327;&#35758;&#39033;&#19979;&#30340;&#24212;&#20184;&#30340;&#21672;&#35810;&#26381;&#21153;&#36153;&#31561;&#36153;&#29992;&#25110;&#26377;&#36829;&#21453;&#35813;&#21327;&#35758;&#20854;&#20182;&#20041;&#21153;&#30340;&#34892;&#20026;&#65307;</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 99.25pt; text-align: justify; text-indent: -42.55pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.15in; text-align: justify">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;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 99.25pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 0.25in; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#65288;2&#65289;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#20986;&#36136;&#20154;&#25110;&#19993;&#26041;&#23454;&#36136;&#36829;&#21453;&#26412;&#21512;&#21516;&#30340;&#20219;&#20309;&#26465;&#27454;&#65307;</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 99.25pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.15in; text-align: justify">Pledgor or Party C has committed a
material breach of any provisions of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 99.25pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 99.25pt; text-align: justify"></P>

<!-- Field: Page; Sequence: 7; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Equity Pledge Agreement</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 99.25pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 0.25in; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#65288;3&#65289;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#38500;&#23653;&#34892;&#32929;&#26435;&#22788;&#20998;&#21512;&#21516;&#22806;&#65292;&#20986;&#36136;&#20154;&#33293;&#24323;&#20986;&#36136;&#30340;&#32929;&#26435;&#25110;&#26410;&#33719;&#24471;&#36136;&#26435;&#20154;&#20070;&#38754;&#21516;&#24847;&#32780;&#25797;&#33258;&#36716;&#35753;&#25110;&#24847;&#22270;&#36716;&#35753;&#20986;&#36136;&#30340;&#32929;&#26435;&#65307;</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 99.25pt; text-align: justify; text-indent: -42.55pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.15in; text-align: justify">Except for the performance of the
Equity Option Agreement, Pledgor transfers or purports to transfer or abandons the Equity Interest pledged or assigns the Equity Interest
pledged without the written consent of Pledgee; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 99.25pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 0.25in; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#65288;4&#65289;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#19993;&#26041;&#30340;&#32487;&#25215;&#20154;&#25110;&#20195;&#31649;&#20154;&#21482;&#33021;&#23653;&#34892;&#37096;&#20998;&#25110;&#25298;&#32477;&#23653;&#34892;&#25511;&#21046;&#21327;&#35758;&#39033;&#19979;&#30340;&#25903;&#20184;&#36131;&#20219;&#65307;</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.15in; text-align: justify">The successor or custodian of Party
C is capable of only partially performing or refusing to perform the payment obligations under the Control Agreements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 99.25pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 0.25in; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#65288;5&#65289;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#20986;&#36136;&#20154;&#22240;&#20854;&#25152;&#25317;&#26377;&#30340;&#36130;&#20135;&#20986;&#29616;&#19981;&#21033;&#21464;&#21270;&#65292;&#33268;&#20351;&#36136;&#26435;&#20154;&#35748;&#20026;&#20986;&#36136;&#20154;&#23653;&#34892;&#26412;&#21512;&#21516;&#39033;&#19979;&#30340;&#20041;&#21153;&#30340;&#33021;&#21147;&#24050;&#21463;&#21040;&#24433;&#21709;&#65307;</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.15in; text-align: justify">The occurrence of any adverse change
to the assets or property of the Pledgor, which in Pledgee&rsquo;s determination, may impact the ability of the Pledgor to perform its
obligations hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 99.25pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 0.25in; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#65288;6&#65289;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#25353;&#26377;&#20851;&#27861;&#24459;&#35268;&#23450;&#36136;&#26435;&#20154;&#19981;&#33021;&#25110;&#21487;&#33021;&#19981;&#33021;&#34892;&#20351;&#22788;&#20998;&#36136;&#26435;&#30340;&#20854;&#20182;&#24773;&#20917;&#12290;</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.15in; text-align: justify">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 99.25pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">7.2</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22914;&#30693;&#36947;&#25110;&#21457;&#29616;&#26412;&#31532;</FONT>7.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#25152;&#36848;&#30340;&#20219;&#20309;&#20107;&#39033;&#25110;&#21487;&#33021;&#23548;&#33268;&#19978;&#36848;&#20107;&#39033;&#30340;&#20107;&#20214;&#24050;&#32463;&#21457;&#29983;&#65292;&#20986;&#36136;&#20154;&#24212;&#31435;&#21363;&#20197;&#20070;&#38754;&#24418;&#24335;&#36890;&#30693;&#36136;&#26435;&#20154;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">7.3</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#38500;&#38750;&#31532;</FONT>7.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#37096;&#20998;&#19979;&#30340;&#36829;&#32422;&#20107;&#20214;&#22312;&#36136;&#26435;&#20154;&#21521;&#20986;&#36136;&#20154;&#21457;&#20986;&#35201;&#27714;&#20854;&#20462;&#27491;&#27492;&#36829;&#32422;&#34892;&#20026;&#36890;&#30693;&#21518;&#30340;&#20108;&#21313;&#65288;</FONT>20<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22825;&#20043;&#20869;&#24050;&#32463;&#25353;&#36136;&#26435;&#20154;&#35201;&#27714;&#33719;&#24471;&#25937;&#27982;&#65292;&#36136;&#26435;&#20154;&#22312;&#20854;&#21518;&#30340;&#20219;&#20309;&#26102;&#38388;&#65292;&#21487;&#21521;&#20986;&#36136;&#20154;&#21457;&#20986;&#20070;&#38754;&#36829;&#32422;&#36890;&#30693;&#65292;&#35201;&#27714;&#31435;&#21363;&#20381;&#25454;&#26412;&#21512;&#21516;&#31532;</FONT>8<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#34892;&#20351;&#36136;&#26435;&#26435;&#21033;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">Unless an Event of Default set forth
in this Section 7.1 has been successfully resolved to Pledgee&rsquo;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 to immediately dispose of the Pledge in accordance with the provisions of Section 8 of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"></P>

<!-- Field: Page; Sequence: 8; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Equity Pledge Agreement</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#31532;&#20843;&#26465;</B></FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#36136;&#26435;&#30340;&#34892;&#20351;</B></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"><B>EXERCISE OF PLEDGE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">8.1</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22312;&#25511;&#21046;&#21327;&#35758;&#25152;&#36848;&#30340;&#21672;&#35810;&#26381;&#21153;&#36153;&#31561;&#36153;&#29992;&#26410;&#20840;&#37096;&#20607;&#20184;&#21069;&#65292;&#26410;&#32463;&#36136;&#26435;&#20154;&#20070;&#38754;&#21516;&#24847;&#65292;&#20986;&#36136;&#20154;&#19981;&#24471;&#36716;&#35753;&#20854;&#25317;&#26377;&#30340;&#19993;&#26041;&#32929;&#26435;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">Prior to the full payment of the consulting
and service fees described in the Control Agreements, without the Pledgee&rsquo;s written consent, Pledgor shall not assign the Equity Interest
in Party C.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">8.2</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22312;&#36136;&#26435;&#20154;&#34892;&#20351;&#20854;&#36136;&#25276;&#26435;&#21033;&#26102;&#65292;&#36136;&#26435;&#20154;&#21487;&#20197;&#21521;&#20986;&#36136;&#20154;&#21457;&#20986;&#20070;&#38754;&#36890;&#30693;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">Pledgee may issue a written notice
to Pledgor when exercising the Pledge.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">8.3</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#21463;&#38480;&#20110;&#31532;</FONT>7.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#30340;&#35268;&#23450;&#65292;&#36136;&#26435;&#20154;&#21487;&#22312;&#25353;&#31532;</FONT>7.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#21457;&#20986;&#36829;&#32422;&#36890;&#30693;&#20043;&#21518;&#30340;&#20219;&#20309;&#26102;&#38388;&#37324;&#23545;&#36136;&#26435;&#34892;&#20351;&#22788;&#20998;&#30340;&#26435;&#21033;&#12290;&#36136;&#26435;&#20154;&#20915;&#23450;&#34892;&#20351;&#22788;&#20998;&#36136;&#26435;&#30340;&#26435;&#21033;&#26102;&#65292;&#20986;&#36136;&#20154;&#21363;&#19981;&#20877;&#25317;&#26377;&#20219;&#20309;&#19982;&#32929;&#26435;&#26377;&#20851;&#30340;&#26435;&#21033;&#21644;&#21033;&#30410;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">8.4</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22312;&#36829;&#32422;&#26102;&#65292;&#26681;&#25454;&#20013;&#22269;&#26377;&#20851;&#27861;&#24459;&#30340;&#35268;&#23450;&#65292;&#36136;&#26435;&#20154;&#26377;&#26435;&#25353;&#29031;&#27861;&#23450;&#31243;&#24207;&#22788;&#32622;&#36136;&#25276;&#32929;&#26435;&#12290;&#22312;&#20013;&#22269;&#27861;&#24459;&#20801;&#35768;&#30340;&#33539;&#22260;&#20869;&#65292;&#23545;&#20110;&#22788;&#32622;&#30340;&#25152;&#24471;&#65292;&#36136;&#26435;&#20154;&#26080;&#38656;&#32473;&#20184;&#20986;&#36136;&#20154;&#65307;&#20986;&#36136;&#20154;&#29305;&#27492;&#25918;&#24323;&#20854;&#21487;&#33021;&#26377;&#30340;&#33021;&#21521;&#36136;&#26435;&#20154;&#35201;&#27714;&#20219;&#20309;&#36136;&#25276;&#32929;&#26435;&#22788;&#32622;&#25152;&#24471;&#30340;&#26435;&#21033;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">8.5</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#36136;&#26435;&#20154;&#20381;&#29031;&#26412;&#21512;&#21516;&#22788;&#20998;&#36136;&#26435;&#26102;&#65292;&#20986;&#36136;&#20154;&#21644;&#19993;&#26041;&#24212;&#20104;&#20197;&#24517;&#35201;&#30340;&#21327;&#21161;&#65292;&#20197;&#20351;&#36136;&#26435;&#20154;&#23454;&#29616;&#20854;&#36136;&#26435;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#31532;&#20061;&#26465;</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#21327;&#35758;&#30340;&#36716;&#35753;</B></FONT></TD>
    </TR>
  </TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"><B>ASSIGNMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">9.1</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#38500;&#38750;&#32463;&#36136;&#26435;&#20154;&#20107;&#20808;&#21516;&#24847;&#65292;&#20986;&#36136;&#20154;&#26080;&#26435;&#36192;&#20104;&#25110;&#36716;&#35753;&#20854;&#22312;&#26412;&#21512;&#21516;&#39033;&#19979;&#30340;&#26435;&#21033;&#20041;&#21153;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">Without Pledgee&rsquo;s prior written consent,
Pledgor shall not have the right to assign or delegate its rights and obligations under this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"></P>

<!-- Field: Page; Sequence: 9; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Equity Pledge Agreement</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">9.2</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21512;&#21516;&#23545;&#20986;&#36136;&#20154;&#21450;&#20854;&#32487;&#20219;&#20154;&#21644;&#32463;&#35768;&#21487;&#30340;&#21463;&#35753;&#20154;&#22343;&#26377;&#32422;&#26463;&#21147;&#65292;&#24182;&#19988;&#23545;&#36136;&#26435;&#20154;&#21450;&#27599;&#19968;&#32487;&#20219;&#20154;&#21644;&#21463;&#35753;&#20154;&#26377;&#25928;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">9.3</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#36136;&#26435;&#20154;&#21487;&#20197;&#22312;&#20219;&#20309;&#26102;&#20505;&#23558;&#20854;&#22312;&#25511;&#21046;&#21327;&#35758;&#39033;&#19979;&#30340;&#25152;&#26377;&#25110;&#20219;&#20309;&#26435;&#21033;&#21644;&#20041;&#21153;&#36716;&#35753;&#32473;&#20854;&#25351;&#23450;&#30340;&#20154;&#65288;&#33258;&#28982;&#20154;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#27861;&#20154;&#65289;&#65292;&#22312;&#36825;&#31181;&#24773;&#20917;&#19979;&#65292;&#21463;&#35753;&#20154;&#24212;&#20139;&#26377;&#21644;&#25215;&#25285;&#26412;&#21512;&#21516;&#39033;&#19979;&#36136;&#26435;&#20154;&#20139;&#26377;&#21644;&#25215;&#25285;&#30340;&#26435;&#21033;&#21644;&#20041;&#21153;&#65292;&#22914;&#21516;&#20854;&#20316;&#20026;&#21407;&#21512;&#21516;&#26041;&#24212;&#20139;&#26377;&#21644;&#25215;&#25285;&#30340;&#19968;&#26679;&#12290;&#36136;&#26435;&#20154;&#36716;&#35753;&#25511;&#21046;&#21327;&#35758;&#39033;&#19979;&#30340;&#26435;&#21033;&#21644;&#20041;&#21153;&#26102;&#65292;&#24212;&#36136;&#26435;&#20154;&#35201;&#27714;&#65292;&#20986;&#36136;&#20154;&#24212;&#23601;&#27492;&#36716;&#35753;&#31614;&#32626;&#26377;&#20851;&#21327;&#35758;&#21644;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25110;&#25991;&#20214;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">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 assigns
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&rsquo;s request, Pledgor shall execute relevant agreements or
other documents relating to such assignment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">9.4</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22240;&#36716;&#35753;&#25152;&#23548;&#33268;&#30340;&#36136;&#26435;&#20154;&#21464;&#26356;&#21518;&#65292;&#24212;&#36136;&#26435;&#20154;&#35201;&#27714;&#65292;&#20986;&#36136;&#20154;&#24212;&#19982;&#26032;&#30340;&#36136;&#26435;&#20154;&#31614;&#35746;&#19968;&#20221;&#20869;&#23481;&#19982;&#26412;&#21512;&#21516;&#19968;&#33268;&#30340;&#26032;&#36136;&#25276;&#21512;&#21516;&#65292;&#24182;&#22312;&#30456;&#24212;&#30340;&#24066;&#22330;&#30417;&#30563;&#31649;&#29702;&#26426;&#20851;&#36827;&#34892;&#30331;&#35760;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">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 AMR.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">9.5</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20986;&#36136;&#20154;&#24212;&#20005;&#26684;&#36981;&#23432;&#26412;&#21512;&#21516;&#21644;&#21508;&#26041;&#21333;&#29420;&#25110;&#20849;&#21516;&#31614;&#32626;&#30340;&#20854;&#20182;&#26377;&#20851;&#21512;&#21516;&#30340;&#35268;&#23450;&#65292;&#21253;&#25324;&#32929;&#26435;&#22788;&#20998;&#21512;&#21516;&#21644;&#23545;&#36136;&#26435;&#20154;&#30340;&#25480;&#26435;&#22996;&#25176;&#20070;&#65292;&#23653;&#34892;&#21508;&#21512;&#21516;&#39033;&#19979;&#30340;&#20041;&#21153;&#65292;&#24182;&#19981;&#24471;&#36827;&#34892;&#20219;&#20309;&#36275;&#20197;&#24433;&#21709;&#21512;&#21516;&#30340;&#26377;&#25928;&#24615;&#21644;&#21487;&#24378;&#21046;&#25191;&#34892;&#24615;&#30340;&#20316;&#20026;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19981;&#20316;&#20026;&#34892;&#20026;&#12290;&#38500;&#38750;&#26681;&#25454;&#36136;&#26435;&#20154;&#30340;&#20070;&#38754;&#25351;&#31034;&#65292;&#20986;&#36136;&#20154;&#19981;&#24471;&#34892;&#20351;&#20854;&#23545;&#36136;&#25276;&#32929;&#26435;&#36824;&#30041;&#23384;&#30340;&#26435;&#21033;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">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 Equity
Option 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"></P>

<!-- Field: Page; Sequence: 10; Value: 1 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;&#21313;&#26465;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#32456;&#27490;</B></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"><B>TERMINATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&#22312;&#25511;&#21046;&#21327;&#35758;&#39033;&#19979;&#30340;&#21672;&#35810;&#26381;&#21153;&#36153;&#31561;&#36153;&#29992;&#20607;&#36824;&#23436;&#27605;&#65292;&#24182;&#19988;&#19993;&#26041;&#19981;&#20877;&#25215;&#25285;&#25511;&#21046;&#21327;&#35758;&#39033;&#19979;&#30340;&#20219;&#20309;&#20041;&#21153;&#20043;&#21518;&#65292;&#26412;&#21512;&#21516;&#32456;&#27490;&#65292;&#24182;&#19988;&#22312;&#23613;&#26089;&#21512;&#29702;&#21487;&#34892;&#30340;&#26102;&#38388;&#20869;&#65292;&#36136;&#26435;&#20154;&#24212;&#35299;&#38500;&#26412;&#21512;&#21516;&#19979;&#30340;&#32929;&#26435;&#36136;&#25276;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">Upon the full payment of the consulting
and service fees under the Control Agreements and upon termination of Party C&rsquo;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.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;&#21313;&#19968;&#26465;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#25163;&#32493;&#36153;&#21450;&#20854;&#20182;&#36153;&#29992;</B></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"><B>HANDLING FEES AND OTHER EXPENSES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&#19968;&#20999;&#19982;&#26412;&#21512;&#21516;&#26377;&#20851;&#30340;&#36153;&#29992;&#21450;&#23454;&#38469;&#24320;&#25903;&#65292;&#20854;&#20013;&#21253;&#25324;&#20294;&#19981;&#38480;&#20110;&#27861;&#24459;&#36153;&#29992;&#12289;&#24037;&#26412;&#36153;&#12289;&#21360;&#33457;&#31246;&#20197;&#21450;&#20219;&#20309;&#20854;&#20182;&#31246;&#25910;&#12289;&#36153;&#29992;&#31561;&#20840;&#37096;&#30001;&#19993;&#26041;&#25215;&#25285;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;&#21313;&#20108;&#26465;</B></FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#20445;&#23494;&#36131;&#20219;</B></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"><B>CONFIDENTIALITY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#21508;&#26041;&#25215;&#35748;&#21450;&#30830;&#23450;&#26377;&#20851;&#26412;&#21512;&#21516;&#12289;&#26412;&#21512;&#21516;&#20869;&#23481;&#65292;&#20197;&#21450;&#24444;&#27492;&#23601;&#20934;&#22791;&#25110;&#23653;&#34892;&#26412;&#21512;&#21516;&#32780;&#20132;&#25442;&#30340;&#20219;&#20309;&#21475;&#22836;&#25110;&#20070;&#38754;&#36164;&#26009;&#22343;&#34987;&#35270;&#20026;&#20445;&#23494;&#20449;&#24687;&#12290;&#21508;&#26041;&#24212;&#24403;&#23545;&#25152;&#26377;&#35813;&#31561;&#20445;&#23494;&#20449;&#24687;&#20104;&#20197;&#20445;&#23494;&#65292;&#32780;&#22312;&#26410;&#24471;&#21040;&#21478;&#19968;&#26041;&#20070;&#38754;&#21516;&#24847;&#21069;&#65292;&#19981;&#24471;&#21521;&#20219;&#20309;&#31532;&#19977;&#32773;&#25259;&#38706;&#20219;&#20309;&#20445;&#23494;&#20449;&#24687;&#65292;&#24799;&#19979;&#21015;&#20449;&#24687;&#38500;&#22806;&#65306;</FONT>(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20844;&#20247;&#20154;&#22763;&#30693;&#24713;&#25110;&#23558;&#20250;&#30693;&#24713;&#30340;&#20219;&#20309;&#20449;&#24687;&#65288;&#24799;&#24182;&#38750;&#30001;&#25509;&#21463;&#20445;&#23494;&#20449;&#24687;&#20043;&#19968;&#26041;&#25797;&#33258;&#21521;&#20844;&#20247;&#25259;&#38706;&#65289;&#65307;</FONT>(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26681;&#25454;&#36866;&#29992;&#27861;&#24459;&#27861;&#35268;&#12289;&#32929;&#31080;&#20132;&#26131;&#35268;&#21017;&#12289;&#25110;&#25919;&#24220;&#37096;&#38376;&#25110;&#27861;&#38498;&#30340;&#21629;&#20196;&#32780;&#25152;&#38656;&#25259;&#38706;&#20043;&#20219;&#20309;&#20449;&#24687;&#65307;&#25110;</FONT>(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30001;&#20219;&#20309;&#19968;&#26041;&#23601;&#26412;&#21512;&#21516;&#25152;&#36848;&#20132;&#26131;&#32780;&#38656;&#21521;&#20854;&#32929;&#19996;&#12289;&#25237;&#36164;&#32773;&#12289;&#27861;&#24459;&#25110;&#36130;&#21153;&#39038;&#38382;&#25259;&#38706;&#20043;&#20449;&#24687;&#65292;&#32780;&#35813;&#32929;&#19996;&#12289;&#27861;&#24459;&#25110;&#36130;&#21153;&#39038;&#38382;&#20134;&#38656;&#36981;&#23432;&#19982;&#26412;&#26465;&#27454;&#30456;&#31867;&#20284;&#20043;&#20445;&#23494;&#36131;&#20219;&#12290;&#22914;&#20219;&#20309;&#19968;&#26041;&#24037;&#20316;&#20154;&#21592;&#25110;&#32856;&#35831;&#26426;&#26500;&#30340;&#27844;&#23494;&#22343;&#35270;&#20026;&#35813;&#26041;&#30340;&#27844;&#23494;&#65292;&#38656;&#20381;&#26412;&#21512;&#21516;&#25215;&#25285;&#36829;&#32422;&#36131;&#20219;&#12290;&#26080;&#35770;&#26412;&#21512;&#21516;&#20197;&#20219;&#20309;&#29702;&#30001;&#32456;&#27490;&#65292;&#26412;&#26465;&#27454;&#20173;&#28982;&#29983;&#25928;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">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&rsquo;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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"></P>

<!-- Field: Page; Sequence: 11; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Equity Pledge Agreement</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;&#21313;&#19977;&#26465;</B></FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#36866;&#29992;&#27861;&#24459;&#21644;&#20105;&#35758;&#30340;&#35299;&#20915;</B></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"><B>GOVERNING LAW AND RESOLUTION OF
DISPUTES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">13.1</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21512;&#21516;&#30340;&#35746;&#31435;&#12289;&#25928;&#21147;&#12289;&#35299;&#37322;&#12289;&#23653;&#34892;&#12289;&#20462;&#25913;&#21644;&#32456;&#27490;&#20197;&#21450;&#20105;&#35758;&#30340;&#35299;&#20915;&#22343;&#36866;&#29992;&#20013;&#22269;&#27861;&#24459;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">13.2</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22240;&#35299;&#37322;&#21644;&#23653;&#34892;&#26412;&#21512;&#21516;&#32780;&#21457;&#29983;&#30340;&#20219;&#20309;&#20105;&#35758;&#65292;&#26412;&#21512;&#21516;&#21508;&#26041;&#24212;&#39318;&#20808;&#36890;&#36807;&#21451;&#22909;&#21327;&#21830;&#30340;&#26041;&#24335;&#21152;&#20197;&#35299;&#20915;&#12290;&#22914;&#26524;&#22312;&#19968;&#26041;&#21521;&#20854;&#20182;&#26041;&#21457;&#20986;&#35201;&#27714;&#21327;&#21830;&#35299;&#20915;&#30340;&#20070;&#38754;&#36890;&#30693;&#21518;&#19977;&#21313;&#65288;</FONT>30<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22825;&#20043;&#20869;&#20105;&#35758;&#20173;&#28982;&#24471;&#19981;&#21040;&#35299;&#20915;&#65292;&#21017;&#20219;&#20309;&#19968;&#26041;&#22343;&#21487;&#23558;&#26377;&#20851;&#20105;&#35758;&#25552;&#20132;&#32473;&#20301;&#20110;&#19978;&#28023;&#30340;&#20013;&#22269;&#22269;&#38469;&#32463;&#27982;&#36152;&#26131;&#20210;&#35009;&#22996;&#21592;&#20250;&#19978;&#28023;&#20998;&#20250;&#65292;&#30001;&#35813;&#22996;&#21592;&#20250;&#25353;&#29031;&#20854;&#20210;&#35009;&#35268;&#21017;&#20210;&#35009;&#35299;&#20915;&#12290;&#20210;&#35009;&#24212;&#22312;&#19978;&#28023;&#36827;&#34892;&#65292;&#20351;&#29992;&#20043;&#35821;&#35328;&#20026;&#20013;&#25991;&#12290;&#20210;&#35009;&#35009;&#20915;&#26159;&#32456;&#23616;&#24615;&#30340;&#65292;&#23545;&#21508;&#26041;&#22343;&#26377;&#32422;&#26463;&#21147;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">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 thirty (30) days after either Party&rsquo;s request to the other Parties
for resolution of the dispute through negotiations, either Party may submit the relevant dispute to the Shanghai Branch of China International
Economic and Trade Arbitration Commission for arbitration, in accordance with its Arbitration Rules. The arbitration shall be conducted
in Shanghai, and the language used in arbitration shall be Chinese. The arbitration award shall be final and binding on all Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">13.3</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22240;&#35299;&#37322;&#21644;&#23653;&#34892;&#26412;&#21512;&#21516;&#32780;&#21457;&#29983;&#20219;&#20309;&#20105;&#35758;&#25110;&#20219;&#20309;&#20105;&#35758;&#27491;&#22312;&#36827;&#34892;&#20210;&#35009;&#26102;&#65292;&#38500;&#20105;&#35758;&#30340;&#20107;&#39033;&#22806;&#65292;&#26412;&#21512;&#21516;&#21508;&#26041;&#20173;&#24212;&#32487;&#32493;&#34892;&#20351;&#21508;&#33258;&#22312;&#26412;&#21512;&#21516;&#39033;&#19979;&#30340;&#20854;&#20182;&#26435;&#21033;&#24182;&#23653;&#34892;&#21508;&#33258;&#22312;&#26412;&#21512;&#21516;&#39033;&#19979;&#30340;&#20854;&#20182;&#20041;&#21153;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"></P>

<!-- Field: Page; Sequence: 12; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Equity Pledge Agreement</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;&#21313;&#22235;&#26465;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#36890;&#30693;</B></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"><B>NOTICES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">14.1</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21512;&#21516;&#39033;&#19979;&#35201;&#27714;&#25110;&#21457;&#20986;&#30340;&#25152;&#26377;&#36890;&#30693;&#21644;&#20854;&#20182;&#36890;&#20449;&#24212;&#36890;&#36807;&#19987;&#20154;&#36882;&#36865;&#12289;&#25346;&#21495;&#37038;&#23492;&#12289;&#37038;&#36164;&#39044;&#20184;&#25110;&#21830;&#19994;&#24555;&#36882;&#26381;&#21153;&#30340;&#26041;&#24335;&#21457;&#21040;&#35813;&#26041;&#19979;&#21015;&#22320;&#22336;&#12290;&#27599;&#19968;&#36890;&#30693;&#36824;&#24212;&#20877;&#20197;&#30005;&#23376;&#37038;&#20214;&#36865;&#36798;&#12290;&#35813;&#31561;&#36890;&#30693;&#35270;&#20026;&#26377;&#25928;&#36865;&#36798;&#30340;&#26085;&#26399;&#25353;&#22914;&#19979;&#26041;&#24335;&#30830;&#23450;&#65306;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">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 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:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&#36890;&#30693;&#22914;&#26524;&#26159;&#20197;&#19987;&#20154;&#36882;&#36865;&#12289;&#24555;&#36882;&#26381;&#21153;&#25110;&#25346;&#21495;&#37038;&#23492;&#12289;&#37038;&#36164;&#39044;&#20184;&#21457;&#20986;&#30340;&#65292;&#21017;&#20197;&#20110;&#35774;&#23450;&#20026;&#36890;&#30693;&#30340;&#22320;&#22336;&#22312;&#31614;&#25910;&#25110;&#25298;&#25910;&#20043;&#26085;&#20026;&#26377;&#25928;&#36865;&#36798;&#26085;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in">14.2</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20026;&#36890;&#30693;&#30340;&#30446;&#30340;&#65292;&#21508;&#26041;&#22320;&#22336;&#22914;&#19979;&#65306;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">For the purpose of notices, the addresses
of the Parties are as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 10.5%">&nbsp;</TD>
    <TD STYLE="width: 20%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#30002;&#26041;&#65306;</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 69.5%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#39532;&#21487;&#24605;&#29289;&#32852;&#25216;&#26415;&#65288;&#19978;&#28023;&#65289;&#26377;&#38480;&#20844;&#21496;</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify"><B>Party A:</B></TD>
    <TD STYLE="vertical-align: top; text-align: justify"><B>Makesi IoT Technology (Shanghai) Co., Ltd.</B></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22320;&#22336;&#65306;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#19978;&#28023;&#24066;&#24464;&#27719;&#21306;&#20013;&#23665;&#35199;&#36335;</FONT>2020<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21495;</FONT>502A40<FONT STYLE="font-family: Times New Roman, Times, Serif">&#23460;</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">Address:</TD>
    <TD STYLE="vertical-align: top; text-align: justify">Room 502A40, No 2020 Zhongshanxi Road, Xuhui District, Shanghai, China</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25910;&#20214;&#20154;</FONT> Attn<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65306;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#24464;&#34074;</FONT>XU Wei</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#20057;&#26041;&#65306;</B></FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31614;&#23383;&#32929;&#19996;</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify"><B>Party B:</B></TD>
    <TD STYLE="text-align: justify"><B>The undersigned shareholders</B></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#19993;&#26041;&#65306;</B></FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#19978;&#28023;&#20809;&#28857;&#20256;&#23186;&#26377;&#38480;&#20844;&#21496;</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify"><B>Party C<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65306;</FONT></B></TD>
    <TD STYLE="vertical-align: top"><B>Shanghai Guangdian Media Co., Ltd.</B></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22320;&#22336;&#65306;</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#19978;&#28023;&#24066;&#26222;&#38464;&#21306;&#37329;&#27801;&#27743;&#36335;</FONT>1678<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21495;</FONT>918<FONT STYLE="font-family: Times New Roman, Times, Serif">&#23460;</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">Address:</TD>
    <TD STYLE="vertical-align: top">Room 918, No 1678 Jinshajiang Road, Putuo District, Shanghai City, China</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25910;&#20214;&#20154;</FONT> Attn<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65306;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26044;&#40511;&#32724;</FONT>YU, Hongxiang</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

<!-- Field: Page; Sequence: 13; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Equity Pledge Agreement</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in; text-align: left">14.3</TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20219;&#20309;&#19968;&#26041;&#21464;&#26356;&#25509;&#25910;&#36890;&#30693;&#30340;&#22320;&#22336;&#25110;&#32852;&#31995;&#20154;&#30340;&#65292;&#24212;&#25353;&#26412;&#26465;&#35268;&#23450;&#32473;&#20854;&#20182;&#26041;&#21457;&#20986;&#36890;&#30693;&#12290;</FONT></TD>
</TR></TABLE>



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;&#21313;&#20116;&#26465;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#20998;&#21106;&#24615;</B></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"><B>SEVERABILITY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&#22914;&#26524;&#26412;&#21512;&#21516;&#26377;&#20219;&#20309;&#19968;&#26465;&#25110;&#22810;&#26465;&#35268;&#23450;&#26681;&#25454;&#20219;&#20309;&#27861;&#24459;&#25110;&#27861;&#35268;&#22312;&#20219;&#20309;&#26041;&#38754;&#34987;&#35009;&#23450;&#20026;&#26080;&#25928;&#12289;&#19981;&#21512;&#27861;&#25110;&#19981;&#21487;&#25191;&#34892;&#65292;&#26412;&#21512;&#21516;&#20854;&#20313;&#35268;&#23450;&#30340;&#26377;&#25928;&#24615;&#12289;&#21512;&#27861;&#24615;&#25110;&#21487;&#25191;&#34892;&#24615;&#19981;&#24212;&#22240;&#27492;&#22312;&#20219;&#20309;&#26041;&#38754;&#21463;&#21040;&#24433;&#21709;&#25110;&#25439;&#23475;&#12290;&#21508;&#26041;&#24212;&#36890;&#36807;&#35802;&#24847;&#30923;&#21830;&#65292;&#20105;&#21462;&#20197;&#27861;&#24459;&#35768;&#21487;&#20197;&#21450;&#21508;&#26041;&#26399;&#26395;&#30340;&#26368;&#22823;&#38480;&#24230;&#20869;&#26377;&#25928;&#30340;&#35268;&#23450;&#21462;&#20195;&#37027;&#20123;&#26080;&#25928;&#12289;&#19981;&#21512;&#27861;&#25110;&#19981;&#21487;&#25191;&#34892;&#30340;&#35268;&#23450;&#65292;&#32780;&#35813;&#31561;&#26377;&#25928;&#30340;&#35268;&#23450;&#25152;&#20135;&#29983;&#30340;&#32463;&#27982;&#25928;&#26524;&#24212;&#23613;&#21487;&#33021;&#19982;&#37027;&#20123;&#26080;&#25928;&#12289;&#19981;&#21512;&#27861;&#25110;&#19981;&#33021;&#24378;&#21046;&#25191;&#34892;&#30340;&#35268;&#23450;&#25152;&#20135;&#29983;&#30340;&#32463;&#27982;&#25928;&#26524;&#30456;&#20284;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;&#21313;&#20845;&#26465;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#38468;&#20214;</B></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"><B>ATTACHMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&#26412;&#21512;&#21516;&#25152;&#21015;&#38468;&#20214;&#65292;&#20026;&#26412;&#21512;&#21516;&#19981;&#21487;&#20998;&#21106;&#30340;&#32452;&#25104;&#37096;&#20998;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">The attachments set forth herein shall
be an integral part of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"></P>

<!-- Field: Page; Sequence: 14; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Equity Pledge Agreement</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;&#21313;&#19971;&#26465;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#29983;&#25928;</B></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"><B>EFFECTIVENESS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 56.7pt">17.1</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21327;&#35758;&#33258;&#21508;&#26041;&#31614;&#32626;&#21450;&#30422;&#31456;&#20043;&#26085;&#36215;&#29983;&#25928;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">This Agreement shall become effective
upon and from the date on which it is signed by the authorized representative and seal of each Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 56.7pt">17.2</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21512;&#21516;&#30340;&#20219;&#20309;&#20462;&#25913;&#12289;&#34917;&#20805;&#25110;&#21464;&#26356;&#65292;&#22343;&#39035;&#37319;&#29992;&#20070;&#38754;&#24418;&#24335;&#65292;&#32463;&#21508;&#26041;&#31614;&#23383;&#25110;&#30422;&#31456;&#21518;&#29983;&#25928;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 56.7pt">17.3</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21512;&#21516;&#20197;&#20013;&#25991;&#21644;&#33521;&#25991;&#20070;&#23601;&#65292;&#19968;&#24335;&#22235;&#65288;</FONT>4<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20221;&#65292;&#36136;&#26435;&#20154;&#12289;&#20986;&#36136;&#20154;&#21644;&#19993;&#26041;&#21508;&#25345;&#22777;&#65288;</FONT>1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20221;&#65292;&#20855;&#26377;&#21516;&#31561;&#25928;&#21147;&#65307;&#20013;&#33521;&#25991;&#29256;&#26412;&#22914;&#26377;&#20914;&#31361;&#65292;&#24212;&#20197;&#20013;&#25991;&#29256;&#20026;&#20934;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">This Agreement is written in Chinese
and English in four (4) copies. Pledgor, Pledgee and Party C shall hold one (1) 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#39029;&#20854;&#20313;&#37096;&#20998;&#21051;&#24847;&#30041;&#20026;&#31354;&#30333;</FONT>]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[The Remainder of this page is intentionally left
blank]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --></P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Equity Pledge Agreement</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[<FONT STYLE="font-family: Times New Roman, Times, Serif">&#31614;&#23383;&#39029;</FONT>]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&#26377;&#37492;&#20110;&#27492;&#65292;&#21508;&#26041;&#24050;&#20351;&#24471;&#32463;&#20854;&#25480;&#26435;&#30340;&#20195;&#34920;&#20110;&#25991;&#39318;&#25152;&#36848;&#26085;&#26399;&#31614;&#32626;&#20102;&#26412;&#32929;&#26435;&#36136;&#25276;&#21512;&#21516;&#65292;&#20197;&#26157;&#20449;&#23432;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">IN WITNESS WHEREOF, the Parties have caused their
authorized representatives to execute this Equity Pledge Agreement as of the date first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#30002;&#26041;&#65306;</B></FONT></TD>
    <TD STYLE="width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#39532;&#21487;&#24605;&#29289;&#32852;&#25216;&#26415;&#65288;&#19978;&#28023;&#65289;&#26377;&#38480;&#20844;&#21496;&#65288;&#30422;&#31456;&#65289;</B></FONT></TD>
    <TD STYLE="width: 45%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Party A:</B></FONT></TD>
    <TD STYLE="white-space: nowrap"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Makesi IoT Technology (Shanghai) Co., Ltd. (seal)</B></FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#22995;&#21517;&#65306;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#24464;&#34074;</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">XU, Wei</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#32844;&#21153;&#65306;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#25480;&#26435;&#20195;&#34920;&#20154;</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Authorized Representative</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#31614;&#23383;&#65306;</FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I><U STYLE="text-decoration: none">/s/ Wei Xu</U></I></FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;</I></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 16 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Equity Pledge Agreement</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[<FONT STYLE="font-family: Times New Roman, Times, Serif">&#31614;&#23383;&#39029;</FONT>]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#26377;&#37492;&#20110;&#27492;&#65292;&#21508;&#26041;&#24050;&#20351;&#24471;&#32463;&#20854;&#25480;&#26435;&#30340;&#20195;&#34920;&#20110;&#25991;&#39318;&#25152;&#36848;&#26085;&#26399;&#31614;&#32626;&#20102;&#26412;&#32929;&#26435;&#36136;&#25276;&#21512;&#21516;&#65292;&#20197;&#26157;&#20449;&#23432;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">IN WITNESS WHEREOF, the Parties have caused their
authorized representatives to execute this Equity Pledge Agreement as of the date first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#20057;&#26041;&#65306;</B></FONT></TD>
    <TD STYLE="width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#26044;&#40511;&#32724;</B></FONT></TD>
    <TD STYLE="width: 45%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Party B:</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>YU, Hongxiang</B></FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#25345;&#32929;&#27604;&#20363;&#65306;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">70%</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shareholding Ratio:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">70%</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#31614;&#23383;&#65306;</FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I><U STYLE="text-decoration: none">/s/ Hongxiang Yu</U></I></FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;</I></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 17 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Equity Pledge Agreement</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[<FONT STYLE="font-family: Times New Roman, Times, Serif">&#31614;&#23383;&#39029;</FONT>]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#26377;&#37492;&#20110;&#27492;&#65292;&#21508;&#26041;&#24050;&#20351;&#24471;&#32463;&#20854;&#25480;&#26435;&#30340;&#20195;&#34920;&#20110;&#25991;&#39318;&#25152;&#36848;&#26085;&#26399;&#31614;&#32626;&#20102;&#26412;&#32929;&#26435;&#36136;&#25276;&#21512;&#21516;&#65292;&#20197;&#26157;&#20449;&#23432;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">IN WITNESS WHEREOF, the Parties have caused their
authorized representatives to execute this Equity Pledge Agreement as of the date first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#20057;&#26041;&#65306;</B></FONT></TD>
    <TD STYLE="width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#24352;&#29245;</B></FONT></TD>
    <TD STYLE="width: 45%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Party B:</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>ZHANG, Shuang</B></FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#25345;&#32929;&#27604;&#20363;&#65306;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">30%</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shareholding Ratio:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">30%</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#31614;&#23383;&#65306;</FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I><U STYLE="text-decoration: none">/s/ Shuang Zhang</U></I></FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;</I></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 18 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Equity Pledge Agreement</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[<FONT STYLE="font-family: Times New Roman, Times, Serif">&#31614;&#23383;&#39029;</FONT>]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#26377;&#37492;&#20110;&#27492;&#65292;&#21508;&#26041;&#24050;&#20351;&#24471;&#32463;&#20854;&#25480;&#26435;&#30340;&#20195;&#34920;&#20110;&#25991;&#39318;&#25152;&#36848;&#26085;&#26399;&#31614;&#32626;&#20102;&#26412;&#32929;&#26435;&#36136;&#25276;&#21512;&#21516;&#65292;&#20197;&#26157;&#20449;&#23432;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">IN WITNESS WHEREOF, the Parties have caused their
authorized representatives to execute this Equity Pledge Agreement as of the date first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#19993;&#26041;&#65306;</B></FONT></TD>
    <TD STYLE="width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#19978;&#28023;&#20809;&#28857;&#20256;&#23186;&#26377;&#38480;&#20844;&#21496;</B></FONT></TD>
    <TD STYLE="width: 45%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Party C:</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Shanghai Guangdian Media Co., Ltd.</B></FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#22995;&#21517;&#65306;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#26044;&#40511;&#32724;</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">YU, Hongxiang</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#32844;&#21153;&#65306;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#25480;&#26435;&#20195;&#34920;&#20154;</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Authorized Representative</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#31614;&#23383;&#65306;</FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I><U STYLE="text-decoration: none">/s/ Hongxiang Yu</U></I></FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;</I></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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