Common use of The Capital Increase Clause in Contracts

The Capital Increase. (1) Payment of contribution for capital increase Within ten (10) business days after the Closing Date, ▇▇▇▇▇▇▇▇▇ Capital or its designated related party shall pay the balance of RMB 1.6 billion (the “Contribution for Capital Increase”) to the account (New Ruipeng Group shall, at least five (5) business days in advance, inform in writing ▇▇▇▇▇▇▇▇▇ Capital or its related party of such account information) designated by New Ruipeng Group according to the Valuation of the Shareholders’ Underlying Assets less the Working Capital for Transitional Period and the Paid Contribution for Capital Increase of Ceerhang paid in November 2018. ▇▇▇▇▇▇▇▇▇ Capital and/or its related party shall be entitled to the following proportion of shares to be issued by New Ruipeng Group on a fully diluted basis for the payment of Contribution for Capital Increase: RMB 1.6 billion/ (RMB 1.6 billion + Valuation of the Shareholders’ Underlying Assets).