Browse EX-10 agreements

Equity Transfer Agreement

Transferor: Beijing Hongyun Xianghe Used Motor Vehicle Brokerage Co., Ltd. Transferee: Zhejiang Dasouche Boxin Auto Sales Co., Ltd.

The Transferor and the Transferee, after friendly consultation, have reached the following agreement regarding the transfer of the Transferor’s equity in Hangzhou Lianjin Data Technology Co., Ltd. to the Transferee:

	1.	The Transferor will transfer 100% of its equity in Hangzhou Lianjin Data Technology Co., Ltd., valued at RMB10 million, to the Transferee.

	2.	The price for this equity transfer is RMB1, and the payment method for the transfer price will be in currency.

	3.	The reference date for this equity transfer is November 18, 2024.

	4.	For the unpaid subscribed capital involved in this equity transfer, the Transferee will pay the amount in full and on time in accordance with the articles of association.

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“[*****]” DENOTES PLACES WHERE CERTAIN INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL, AND (II) IS THE TYPE THAT THE COMPANY TREATS AS PRIVATE OR CONFIDENTIAL.

Voting Proxy Agreement

This Voting Proxy Agreement (this “Agreement”) is entered into by and between the Parties (defined below) as of June 7, 2023:

Party A: CheYiPai (Beijing) Automotive Technology Service Co., Ltd.

Registered Address: 3F-512, 3rd floor, Daxing Subway Line Biomedicine Base Station, Daxing District, Beijing

Party B: DSC Holdings Ltd.

Registered Address: Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands

The above parties shall be respectively referred to as a “Party” and collectively referred to as the “Parties”.

Whereas:

	1.	Party B indirectly holds 100% of the equity interests in Party A.

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“[*****]” DENOTES PLACES WHERE CERTAIN INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL, AND (II) IS THE TYPE THAT THE COMPANY TREATS AS PRIVATE OR CONFIDENTIAL.

Voting Proxy Agreement

This Voting Proxy Agreement (this “Agreement”) is entered into by and between the Parties (defined below) as of May 16, 2023:

Party A: Hangzhou Dasouche Information Technology Service Co., Ltd.

Registered Address: Room 910, Building 3, No. 165, Wuchang Avenue, Wuchang Street, Yuhang District, Hangzhou, Zhejiang Province

Party B: DSC Holdings Ltd.

Registered Address: Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands

The above parties shall be respectively referred to as a “Party” and collectively referred to as the “Parties”.

Whereas:

	1.	Party B indirectly holds 100% of the equity interests in Party A.

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June 7, 2023

To: Beijing Peak Technology Co., Ltd. (the “VIE Entity”)

To Whom It May Concern:

To ensure the VIE Entity’s operational cash requirements are met and to offset any losses incurred during its operations, the undersigned, DSC Holdings Ltd. (the “Company”), in consideration of the benefits to the Company accruing from the VIE Entity, hereby undertakes to provide unlimited financial support to the VIE Entity, as necessary and to the extent permissible under the applicable laws and regulations, regardless of whether any such operational loss is actually incurred. The form of such financial support shall include, but are not limited to, cash transfer, entrusted loans, and borrowings. The Company will not request repayment of such loans or borrowings if the VIE Entity or its shareholders do not have sufficient funds to repay such loans or borrowings.

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May 16, 2023

To: Hangzhou Souche Network Technology Co., Ltd. (the “VIE Entity”)

To Whom It May Concern:

To ensure the VIE Entity’s operational cash requirements are met and to offset any losses incurred during its operations, the undersigned, DSC Holdings Ltd. (the “Company”), in consideration of the benefits to the Company accruing from the VIE Entity, hereby undertakes to provide unlimited financial support to the VIE Entity, as necessary and to the extent permissible under the applicable laws and regulations, regardless of whether any such operational loss is actually incurred. The form of such financial support shall include, but are not limited to, cash transfer, entrusted loans, and borrowings. The Company will not request repayment of such loans or borrowings if the VIE Entity or its shareholders do not have sufficient funds to repay such loans or borrowings.

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Exhibit 10.19

“[*****]” DENOTES PLACES WHERE CERTAIN INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL, AND (II) IS THE TYPE THAT THE COMPANY TREATS AS PRIVATE OR CONFIDENTIAL.

Spousal Undertaking

To: The Board of Directors of DSC Holdings Ltd. (the “Company”)

CC: CheYiPai (Beijing) Automotive Technology Service Co., Ltd. (“WFOE”)

The undersigned, Anlun Chen, with PRC Identification Card number [*****], is the lawful spouse of Liyu Zhang.

I am aware that: (i) Liyu Zhang holds an aggregate 8% equity interest in Peak Technology Technology Co., Ltd. (“Peak Technology”); and (ii) Liyu Zhang entered into the Voting Proxy Agreement, the Exclusive Equity Interest Option Agreement and the Share Pledge Agreement with the WFOE and other shareholders of Peak Technology on June 7th, 2023 (the above-mentioned agreements and any subsequent written amendments, supplements or confirmations (if any) made by the parties thereto, collectively the “Relevant VIE Agreements”).

I hereby confirm and irrevocably undertake that:

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“[*****]” DENOTES PLACES WHERE CERTAIN INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL, AND (II) IS THE TYPE THAT THE COMPANY TREATS AS PRIVATE OR CONFIDENTIAL.

Spousal Undertaking

To: The Board of Directors of DSC Holdings Ltd. (the “Company”)

CC: CheYiPai (Beijing) Automotive Technology Service Co., Ltd. (“WFOE”)

The undersigned, Qunqun Wei, with PRC Identification Card number [*****], is the lawful spouse of Junhong Yao.

I am aware that: (i) Junhong Yao holds an aggregate 92% equity interest in Beijing Peak Technology Co., Ltd. (“Peak Technology”); and (ii) Junhong Yao entered into the Voting Proxy Agreement, the Exclusive Equity Interest Option Agreement and the Share Pledge Agreement with the WFOE and other shareholders of Peak Technology on June 7th, 2023 (the above-mentioned agreements and any subsequent written amendments, supplements or confirmations (if any) made by the parties thereto, collectively the “Relevant VIE Agreements”).

I hereby confirm and irrevocably undertake that:

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“[*****]” DENOTES PLACES WHERE CERTAIN INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL, AND (II) IS THE TYPE THAT THE COMPANY TREATS AS PRIVATE OR CONFIDENTIAL.

Spousal Undertaking

To: The Board of Directors of DSC Holdings Ltd. (the “Company”)

CC: Hangzhou Dasouche Information Technology Service Co., Ltd. (“WFOE”)

The undersigned, Anlun Chen, with PRC Identification Card number [*****], is the lawful spouse of Liyu Zhang.

I am aware that: (i) Liyu Zhang holds an aggregate 8% equity interest in Hangzhou Souche Network Technology Co., Ltd. (“Hangzhou Souche Network”); and (ii) Liyu Zhang entered into the Voting Proxy Agreement, the Exclusive Equity Interest Option Agreement and the Share Pledge Agreement with the WFOE and other shareholders of Hangzhou Souche Network on May 16th, 2023 (the above-mentioned agreements and any subsequent written amendments, supplements or confirmations (if any) made by the parties thereto, collectively the “Relevant VIE Agreements”).

I hereby confirm and irrevocably undertake that:

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“[*****]” DENOTES PLACES WHERE CERTAIN INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL, AND (II) IS THE TYPE THAT THE COMPANY TREATS AS PRIVATE OR CONFIDENTIAL.

Spousal Undertaking

To: The Board of Directors of DSC Holdings Ltd. (the “Company”)

CC: Hangzhou Dasouche Information Technology Service Co., Ltd. (“WFOE”)

The undersigned, Qunqun Wei, with PRC Identification Card number [*****], is the lawful spouse of Junhong Yao.

I am aware that: (i) Junhong Yao holds an aggregate 92% equity interest in Hangzhou Souche Network Technology Co., Ltd. (“Hangzhou Souche Network”); and (ii) Junhong Yao entered into the Voting Proxy Agreement, the Exclusive Equity Interest Option Agreement and the Share Pledge Agreement with the WFOE and other shareholders of Hangzhou Souche Network on May 16th, 2023 (the above-mentioned agreements and any subsequent written amendments, supplements or confirmations (if any) made by the parties thereto, collectively the “Relevant VIE Agreements”).

I hereby confirm and irrevocably undertake that:

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Individual Shareholder Undertaking

To: The Board of Directors of DSC Holdings Ltd. (the “Company”)

CC: CheYiPai (Beijing) Automotive Technology Service Co., Ltd. (“WFOE”)

I, Liyu Zhang, (i) am a shareholder of Beijing Peak Technology Co., Ltd. (“Peak Technology”), directly holding an aggregate 8% equity interest in Peak Technology; and (ii) entered into the Voting Proxy Agreement, the Exclusive Equity Interest Option Agreement and the Share Pledge Agreement with the WFOE and other shareholders of Peak Technology on June 7th, 2023 (the above-mentioned agreements and any subsequent written amendments, supplements or confirmations (if any) made by the parties thereto, collectively the “Relevant VIE Agreements”).

In order to promote and complete the listing of the Company’s equity, I hereby confirm and irrevocably undertake that:

	1.	Undertakings on death or other accidents

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Individual Shareholder Undertaking

To: The Board of Directors of DSC Holdings Ltd. (the “Company”)

CC: CheYiPai (Beijing) Automotive Technology Service Co., Ltd. (“WFOE”)

I, Junhong Yao, (i) am a shareholder of Beijing Peak Technology Co., Ltd. (“Peak Technology”), directly holding an aggregate 92% equity interest in Peak Technology; and (ii) entered into the Voting Proxy Agreement, the Exclusive Equity Interest Option Agreement and the Share Pledge Agreement with the WFOE and other shareholders of Peak Technology on June 7th, 2023 (the above-mentioned agreements and any subsequent written amendments, supplements or confirmations (if any) made by the parties thereto, collectively the “Relevant VIE Agreements”).

In order to promote and complete the listing of the Company’s equity, I hereby confirm and irrevocably undertake that:

	1.	Undertakings on death or other accidents

…

Individual Shareholder Undertaking

To: The Board of Directors of DSC Holdings Ltd. (the “Company”)

CC: Hangzhou Dasouche Information Technology Service Co., Ltd. (“WFOE”)

I, Liyu Zhang, (i) am a shareholder of Hangzhou Souche Network Technology Co., Ltd. (“Hangzhou Souche Network”), directly holding an aggregate 8% equity interest in Hangzhou Souche Network; and (ii) entered into the Voting Proxy Agreement, the Exclusive Equity Interest Option Agreement and the Share Pledge Agreement with the WFOE and other shareholders of Hangzhou Souche Network on May 16th, 2023 (the above-mentioned agreements and any subsequent written amendments, supplements or confirmations (if any) made by the parties thereto, collectively the “Relevant VIE Agreements”).

In order to promote and complete the listing of the Company’s equity, I hereby confirm and irrevocably undertake that:

	1.	Undertakings on death or other accidents

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