Exhibit 4.16


 


English Translations for Reference


 










SUPPLEMENTARY AGREEMENT


 





THIS SUPPLEMENTARY AGREEMENT (“Supplementary Agreement”) is entered into by the following parties in Shenzhen as of March 6, 2013:


 


Party A: Ying Si Kang Information Technology (Shenzhen) Co., Ltd.


Address: F3, Hanfeng Building, 1 Xiameilin 1st Street, Futian District, Shenzhen


 


Party B: Chunlin Wang


ID Card No.:


 


Party C: Shenzhen Xinbao Investment Management Co., Ltd.


Address: Rom 2108-2110-22, Jiahe Huaqiang Building, Shennan Road, Futian District, Shenzhen


 


 







WHEREAS:


 






	
1.  

	
A Loan Agreement was entered into between Party A and Party B on April 18, 2011, pursuant to which Party A agreed to grant an interest-free loan in an amount of Seven Million and Five Hundred Thousand Renminbi (RMB7,500,000) to Party B (“Loan”).







 



	
2.  

	
An Equity Pledge Agreement was entered into between Party A and Party B on April 18, 2011, pursuant to which Party B agreed to pledge all of his 75% equity interest in Party C to Party A as a security pledge for the Loan under the Loan Agreement..







 






	
3.  

	
An Exclusive Purchase Option Agreement was entered into between Party A and Party B on April 18, 2011, pursuant to which Party B agreed to grant an exclusive purchase option to Party A so that Party A may request Party B to sell his equity interest in Party C to it if certain conditions are met.







 



	
4.  

	
On March 6, 2013, upon unanimous approval of shareholders of Party C, the registered capital of Party C was decreased from RMB10 million to RMB8 million. As a result, Party B holds 93.75% of equity interest in Party C.







 





NOW THEREFORE, after friendly negotiations, both parties hereby enter into the Supplementary Agreement to amend the terms of the foresaid Equity Pledge Agreement and Exclusive Purchase Option Agreement as follows:


 






	
1.  

	
Loan















Both parties certify that Party A granted an interest-free loan in an amount of Seven Million and Five Hundred Thousand Renminbi (RMB7,500,000) to Party B and as of the date of this Supplementary Agreement, Party B has not yet repaid the loan.











	
2.  

	
Equity Pledge















The equity interest in Party C pledged by Party B to Party A as the security for the Loan was changed to 93.75%.











	
3.  

	
Exclusive Purchase Option















Party B intends to grant an exclusive purchase option to Party A so that Party A may request Party B to sell his 93.75% equity interest in Party C to Party A if certain conditions are met.









  





  











  










	
4.  

	
Validity















The Supplementary Agreement constitutes an integral part of the Equity Pledge Agreement and Exclusive Purchase Option Agreement and shall have the same legal effect. In the event of conflict, the provisions of the Supplementary Agreement shall prevail.











	
5.  

	
Language and Counterparts















This Agreement is executed in Chinese in three (3) originals and each Party shall hold one original. All of them shall have the same legal effect.


 


 


[No text below]




 


 


 


 




  





  











  






[Signature Page]


 








IN WITNESS WHEREOF, legal representative from each party or its authorized representative and Party B have executed this Agreement as of the date as first above written.


 


Party A: Ying Si Kang Information Technology (Shenzhen) Co., Ltd.


 


Legal Representative/Authorized Representative: /s/ Yuan Tian


 


Chop: [Chop affixed]


 







 


Party B: Chunlin Wang


 


Signature: /s/ Chunlin Wang


 







 


Party C: Shenzhen Xinbao Investment Management Co., Ltd.


 


Legal Representative/Authorized Representative: /s/ Chunlin Wang


 


Chop: [Chop affixed]