Exhibit 4.78


 


 


 








Financial Support Agreement


 


This Financial Support
Agreement (hereinafter referred to as the “Agreement”) is made and entered into by and among the following parties
on December 22, 2015 in Shenzhen, the People’s Republic of China (hereinafter referred to as the “PRC”):


 


500.COM LIMITED (hereinafter
referred to as “500.COM”), a company incorporated and existing under the laws of Cayman Islands, with its address at
PO BOX 309, Ugland House, Grand Cayman, KYI-1104, Cayman Island;


 


E-Sun Sky Computer (Shenzhen)
Co., Ltd. (hereinafter referred to as “E-sun Sky Computer”), a wholly foreign owned company incorporated and existing
under the PRC laws, with its address at Room 3-A, Complex Building (including affiliated equipment room), Shenxianling Sports Center,
Central City, Longgang District, Shenzhen;


 


ZHANG Han, a Chinese
citizen with ID Card number of 422802198708030014; and


 


ZHANG Jing, a Chinese
citizen with ID Card number of 422802198106210042.


 


WHEREAS


 


ZHANG Han and ZHANG
Jing are shareholders of Shenzhen Tongfu Technology Co., Ltd. (a limited liability company incorporated and existing under the
PRC laws, with its address at No. A1702H, Building A, Union Square, Binhe Road, Futian Street, Futian District, Shenzhen, hereinafter
referred to as “Tongfu Technology”);


 


E-sun Sky Computer is
a wholly owned subsidiary of 500.COM in the PRC;


 


The Parties hereby confirm
the finance and other matters of Tongfu Technology as follows:


 


500.COM confirms and
undertakes that, from the date of this Agreement (hereinafter referred to as the “Effective Date”), when needed by
Tongfu Technology, 500.COM agrees to unconditionally provide financial support (hereinafter referred to as “Financial Support”)
to ZHANG Han and ZHANG Jing by itself or through E-sun Sky Computer in the way permitted by PRC laws and regulations. ZHANG Han
and ZHANG Jing agree to accept such Financial Support in the way permitted by PRC laws and regulations, and undertake to unconditionally
use such Financial Support they receive to fund Tongfu Technology so as to support the operation and development of Tongfu Technology.


 


To the extent permitted
by PRC laws and regulations and other applicable laws, at the request of Tongfu Technology, 500.COM agrees to instruct ZHANG Han
and ZHANG Jing to release Tongfu Technology from the obligation of repayment of such Financial Support; if ZHANG Han and ZHANG
Jing release Tongfu Technology from the obligation of repayment of the Financial Support under the instruction of 500.COM, then
500.COM agrees to release ZHANG Han and ZHANG Jing from the obligation of repayment of the Financial Support correspondingly by
itself or instructing E-sun Sky Computer to do so.


 






     


     


    

 


Where 500.COM provides
financial support to Tongfu Technology by itself or through E-sun Sky Computer, the specific provisions shall be otherwise negotiated
and solved by the Parties hereto.


 


 


 


(The remainder of this
page is intentionally left blank.)


 


 


 




     


     


    

 


 


[This is the signature page of the Financial
Support Agreement.]


 


IN WITNESS WHEREOF, this Agreement has
been executed by the Parties on the date first written above.


 


 


 


500.COM Limited


 


By: /s/ Pan Zhengming


Name: Pan Zhengming


Title: CEO


 


 


E-Sun Sky Computer (Shenzhen) Co., Ltd.


 


By: /s/ Yu Bo


Name: Yu Bo


Title: Legal Representative


 


 


 


 


ZHANG Han


 


By: /s/ Zhang Han


 


 


 


ZHANG Jing


 


By: /s/ Zhang Jing