Exhibit 4.144


 


 


 


 


 


 


 


 


 




OPERATION
AGREEMENT


 


between


 


Beijing
CFO Glory Technology Co., Ltd.


 


and


 


Zhongheng
Xintai(Beijing) Assets Management Co., Ltd


 


September,
2016


 


BEIJING,
CHINA


 


 


 


 


 


 


 


 


 


 


 



 



     


     


    

 


OPERATION
AGREEMENT


 


This
Operation Agreement (“this Agreement”) is entered into in Beijing, People’s Republic of China (the “PRC”)
on this September 9, 2016 between:


 


Party
A: Beijing CFO Glory Technology Co., Ltd.


Address:
A1708, Fuzhuo Tower, Xuanwu gate Street, Xicheng District, Beijing, China


 


Party
B: Zhongheng Xintai(Beijing) Assets Management Co., Ltd


 


Address:
No.298, 2/F, Tower 1, no. 316, Huaifang west Street, Fengtai District, Beijing, China


 


WHEREAS,


 


(1)
Party A is a wholly foreign owned enterprise duly organized and validly existing under the laws of PRC, and has expertise and
resources in the business of party B; Party A desires to provide to Party B operational services.


 


(2)
Party B is a company with limited liability duly organized and validly existing under the laws of PRC; and to expanding its business
operation, Party B engages Party A to provide the operational services in connection with such operation.


 


(3)
Party A has entered into a technical support agreement and strategic consulting agreement with Party B (collectively the “Binding
Agreements”), and hence the Parties have established certain business relationship.


 


NOW
AND THEREFORE, in accordance with the principle of sincere cooperation, mutual benefit and joint development and after friendly
negotiations, the Parties hereby enter into the following agreements pursuant to the provisions of relevant laws and regulations
of the PRC.


 


ARTICLE
1. DEFINITIONS


 


The
terms used in this Agreement shall have the meanings set forth below:


 


1.1
“This Agreement” means this Operation Agreement and all appendices thereto, including written instruments as originally
executed and as may from time to time be amended or supplemented by the Parties hereto through written agreements.


 


1.2
“The PRC” means, for the purpose of this Agreement, the People’s Republic of China, excluding Hong Kong, Taiwan and
Macao.


 


1.3
“Date” means the year, month and day. In this Agreement, “within” or “no later than”, when used
before a year, month or day, shall always include the relevant year, month or day.


 


ARTICLE
2. OPERATIONAL SUPPORT


 


2.1
Party A agrees, according to the operational needs of Party B, to act as the guarantor of Party B in the contracts, agreements,
or transactions entered into between Party B and third parties, in order to fully guarantee the performance by Party B of such
contracts, agreements, and transactions.


 


2.2
Party A agrees, according to the operational needs Party B, to recommend directors and senior management to Party B and Party
B agrees to appoint the such personnel recommended by Party A to be its directors and senior management. The relevant personnel
recommended by Party A pursuant to this Article shall meet the qualification requirements for directors and senior management
under applicable laws.


 


2.3
To ensure the performance of this Agreement, Party A agrees to provide to Party B cooperative policy advice and guidance, which
is consistent with the daily operation and financial management and the employment policy of Party B.


 






    	 	2	 



     


    

 


ARTICLE
3. OBLIGATIONS OF PARTY B


 


3.1
Party B agrees not to conduct the following business which may materially affect its assets, rights, obligations and operation
(except for the sales or purchase of assets, and contracts and agreements entered into during the ordinary course of business
of Party B, and the lien imposed by the contracting parties pursuant to the above contracts), without the prior written consent
of Party A, including but not limited to:


 


3.1.1
borrowing loans from any third party or bearing any debt liability;


 


3.1.2
selling to or obtaining any asset or rights from any third party; and


 


3.1.3
using its own assets to secure any real obligation of any third party.


 


3.2
Without the written consent of Party A, Party B shall not transfer its rights and obligations hereunder to any third party. Party
B agrees, Party A may transfer its rights and obligations hereunder as it finds necessary, and Party A only needs to give a written
notice to Party B after such transfer, without the necessity to obtain any consent from Party B.


 


ARTICLE
4. CONSIDERATION FOR PROVIDING OPERATIONAL SUPPORT


 


4.1
In consideration of the above operational support provided by Party A, Party B shall pay to Party A certain fees as specified
in Exhibit 1 attached hereto.


 


ARTICLE
5. REPRESENTATIONS AND WARRANTIES


 


5.1
Each Party hereby represents to the other Party that:


 


5.1.1
It has all the necessary rights, powers and authorizations to enter into this Agreement and to perform its duties and obligations
hereunder; and


 


5.1.2
The execution or performance of this Agreement does not violate any significant contract or agreement to which it is a party or
any contract of agreement that binds it or its assets.


 


ARTICLE
6. CONFIDENTIALITY


 


6.1
Each Party shall keep confidential all the content of this Agreement. Without the prior consent of all Parties, no Party shall
disclose any content of this Agreement to any other party or make any public announcements with respect to any content of this
Agreement. Notwithstanding the forgoing provisions of this Article 6, the following disclosure shall be permitted: (i) disclosure
made pursuant to any applicable laws or any rules of any stock exchange of the United States, the PRC or other relevant jurisdictions;
(ii) disclosure of information which has become public information other than due to any breach by the disclosing party; or (iii)
disclosure to any Party’s shareholders, legal counsel, accountants, financial advisors or other professional advisors who bear
the obligation of confidentiality to such Party.


 


6.2
The Parties agree this Article 6 will survive any invalidity, modification, cancellation or termination of this Agreement, if
applicable.


 






    	 	3	 



     


    

 


ARTICLE
7. GOVERNING LAW AND OBLIGATIONS UPON DEFAULT


 


7.1
The execution, effectiveness, interpretation, performance and dispute resolution of this Agreement shall be governed by the laws
of the PRC.


 


7.2
Any violation of any provision hereof, incomplete performance of any obligation provided hereunder, any misrepresentation made
hereunder, material concealment or omission of any material fact or failure to perform any covenants provided hereunder by any
Party shall constitute an event of default. The defaulting Party shall assume all the legal liabilities pursuant to the applicable
laws.


 


ARTICLE
8. DISPUTE RESOLUTION


 


8.1
Any dispute arising from the performance of this Agreement shall be first subject to the Parties’ friendly consultations. If the
parties fail to make an written agreement within thirty days after consultation, such dispute will be submitted to the China International
Economic and Trade Arbitration Commission (“CIETAC”) in accordance with its arbitration rules/procedures. The arbitration
tribunal will be composed of three (3) arbitrators, two of which shall be appointed by both Parties hereto, and the third one
shall be appointed by the chairman of CIETAC.


 


8.2
The arbitration shall be administered by the Beijing branch of CIETAC in accordance with the then effective arbitration rules
of the Commission in Beijing.


 


8.3
The arbitration award shall be final and binding on the Parties. The costs of the arbitration (including but not limited to arbitration
fee and attorney fee) shall be borne by the losing party, unless the arbitration award stipulates otherwise.


 


ARTICLE
9. EFFECTIVENESS


 


9.1
This Agreement shall be effective upon the execution hereof by both Parties hereto.


 


9.2
The term of this Agreement shall be ten (10) years. Party B shall not terminate this Agreement during this term.


 


9.3
Unless Party A notifies Party B of no renewal of this Agreement by giving a thirty (30) days prior notice. This Agreement will
be renewed for one year automatically after the expiry of the term hereof. This provision will apply to all the subsequent renewal.


 






    	 	4	 



     


    

 


ARTICLE
10. NO SUBSEQUENT OBLIGATION


 


10.1
Once this Agreement is terminated, Party A will not have any obligation to provide to Party B any operational support hereunder.


 


ARTICLE
11. AMENDMENT


 


11.1
All Parties hereto shall fulfill their respective obligations hereunder. No amendment to this Agreement shall be effective unless
such amendment has been made in written form, and agreed by both Parties and both Parties have obtained necessary authorization
and approvals with respect to such amendment. Any modification and supplementary to this Agreement after signed by both Parties,
become an integral part of this Agreement, and has the same legal force with this Agreement.


 


ARTICLE
12. COUNTERPARTS


 


12.1
This Agreement is executed in duplicate, and are equally authentic. Party A and Party B shall each hold one counterpart.


 


ARTICLE
13. MISCELLANEOUS


 


13.1
The title and headings contained in this Agreement are for convenience of reference only and shall not in any way affect the meaning
or interpretation of any provision of this Agreement.


 


13.2
The Parties may enter into supplementary agreements to address any issue not covered by this Agreement. The supplementary agreements
so entered shall be an appendix hereto and shall have the same legal effect as this Agreement.


 


[The
remaining of this page is intentionally left blank]


 






    	 	5	 



     


    

 


Exhibit
1 Consideration for Operation Guarantee


 


The
annual fees in consideration of provision of the operational support by Party A (“Consideration”) shall be 40% of the
“profits” of Party B in such year. The “profits” of Party B in such year should be equal to (gross revenue
of Party B in such year) minus (the sales tax, sales expenses, management fees, financial expenses and other expenses resulting
from the daily operation and outside daily operation of Party B), and such “profit” shall be the profit before paying
for other service fees as specified by the Binding Agreements. Such expenses shall be determined by both Parties every quarter
in written form, and shall be paid by Party B within three (3) months after the accounting date.


 


[execution
page only]


 


This
Agreement is executed by the following Parties as of the date listed first above.


 


Party
A: Beijing CFO Glory Technology Co., Ltd.


 


Seal:


Authorized
Representative (Signature):


 


Party
B: Zhongheng Xintai(Beijing) Assets Management Co., Ltd


 


Seal:


Authorized
Representative (Signature):


 


 


6