1. Investor rights

(1) Management supervision: Investors have the right to supervise the management of the company. The founders and major shareholders are obliged to ensure that the company's management and financial status are transparent to other investors. Provide various reports to investors on a regular basis, and answer investors' questions. When necessary, investors have the right to ask a third-party agency to audit the company.

(2) Project investment priority: Investors have priority in financing projects or research results in other fields of the founder company, under the same conditions, to share the returns brought by the growth of the company's projects.

(3) Dividend distribution rights: Starting from 2020, investors have the right to distribute dividends from the company.

2. Investor obligations

(1) Timely arrival of funds: After the investor signs the contract with the founder, the investor should transfer the funds to the agreed account in a timely manner according to the time agreed by the two parties.

(2) Cooperate with equity transfer: Investors should cooperate with founders or third-party institutions to promptly complete company establishment, equity changes, and other matters that investors need to handle as required by industry and commerce or other government departments.

(3) Reaching a concerted action person agreement with the founder: In order to ensure the realization of the company's strategic goals and vision, the investor should become the founder's concerted action person and sign an agreement. In order to ensure consistency with the founder and management team in the company's major strategic planning and business management decisions (including but not limited to external guarantees and financing, etc.).

3. Exit mechanism

(1) Share transfer: After investing, the investor may not transfer the company's equity without the consent of the founder and major shareholders. If the target is not completed on time, the investor can transfer the company's shares, and the founder and major shareholders have the right of first refusal.

(2) Early withdrawal: Investors are not allowed to withdraw within 2 years. If the investor withdraws after 2 years, the major shareholder has the right to purchase shares, and the purchase price premium shall not exceed 30% of the investment price. When the major shareholder clearly does not acquire, the investor should ensure that the equity transferee and the founder or major shareholder become persons acting in concert.

(3) Normal withdrawal: In addition to the transfer of shares and early withdrawal agreement, investors can withdraw normally in accordance with relevant laws and regulations and notify the major shareholders or founders.