Exhibit 4.59 


 


 





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 Nov 18, 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;


 


Yu Bo, a Chinese citizen
with ID Card number of 420106196805034857; and


 


Yin Zhiwei, a Chinese
citizen with ID Card number of 440301198308211914.


 


WHEREAS


 


Yu Bo and Yin Zhiwei
are shareholders of Shenzhen E-Sun Network Co., Ltd. (a limited liability company incorporated and existing under the PRC laws,
with its address at No. 1-C, Complex Building (including the affiliated equipment room) Shenxianling Sports Center, Central City,
Longgang District, Shenzhen, hereinafter referred to as “E-Sun Network”);


 


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 E-Sun Network as follows:


 


500.COM confirms and
undertakes that, from the date of this Agreement (hereinafter referred to as the “Effective Date”), when needed by
E-Sun Network, 500.COM agrees to unconditionally provide financial support (hereinafter referred to as “Financial Support”)
to Yu Bo and Yin Zhiwei by itself or through E-sun Sky Computer in the way permitted by PRC laws and regulations. Yu Bo and Yin
Zhiwei 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 E-Sun Network so as to support the operation and development of E-Sun Network.


 


To the extent permitted
by PRC laws and regulations and other applicable laws, at the request of E-Sun Network, 500.COM agrees to instruct Yu Bo and Yin
Zhiwei to release E-Sun Network from the obligation of repayment of such Financial Support; if Yu Bo and Yin Zhiwei release E-Sun
Network from the obligation of repayment of the Financial Support under the instruction of 500.COM, then 500.COM agrees to release
Yu Bo and Yin Zhiwei 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 E-Sun Network 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


 


 


 


 


Yu Bo


 


By: /s/ Yu Bo


 


 


 


Yin Zhiwei


 


By: /s/ Yin Zhiwei