Exhibit 4.50


 








	Equity
    Transfer Framework Agreement	
        

         

         

         

         

	 
	By
    and between
	 
	ChinaCache
    Xin Run Technology (Beijing) Co., Limited.
	 
	and
	 
	People.cn
    CO., LTD
	 
	In
    respect of
	 
	100%
    Equity of Beijing Shuoge Technology Co., Ltd.













 


 


 




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This Agreement was entered into on December
29, 2017 and the place of performance of the Contract is Shunyi District, Beijing.


 


Party A: ChinaCache Xin Run Technology
(Beijing) Co., Limited., with its registered address at: Building 1 and Building 2, No.1 Zhuyuan 4th Street,
Shunyi District, Beijing (F/3, Building 1, Tianzhu Comprehensive Bonded Zone); legal representative: WANG Song.


 


Party B: People.cn CO., LTD, with
its registered address at: No. 234, Block B, No. 28, Xinjiekouwai Avenue, Xicheng District, Beijing; legal representative: YE Zhenzhen.


 


Party C: Beijing Shuoge Technology Co.,
Ltd., with its registered address at: Room 002, F/1, Building 2, Yard No. 8, Zhuyuan 3rd Street, Shunyi District,
Beijing (Tianzhu Comprehensive Bonded Zone); legal representative: YING Huiling.


 


Whereas:


 


1. On August 28, 2013,
Party A and Party B executed a “Framework Agreement for the Transfer of the Computer Room Building” and the “Agreement
on the Termination of the Framework Agreement for the Transfer of the Computer Room Building” on April 9, 2014. The “Framework
Agreement for the Transfer of the Computer Room Building” and the "Memorandum on the Transfer of the Computer Room Building"
were re-executed on April 10, 2014. The "Agreement on Payments" was executed on April 11, 2014, and the "Agreement
on Payments" was executed on January 26, 2015. Pursuant to the above-mentioned series of agreements, Party A would transfer
to Party B a to-be-constructed-and-developed computer room building (including equipment inside the building) and the corresponding
land use rights (hereinafter referred to as “real estate”) located at the A-05-1 plot of Tianzhu Comprehensive
Bonded Zone, Shunyi District, Beijing, while Party B agrees to purchase the said Computer Room Building. By the end of 2017, the
relevant assets of the Computer Room Building were being put into Party C and the parties concerned have not yet completed the
actual delivery of the entire property rights;


 




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2. Party C is a wholly-owned
subsidiary with Party A holding 100% equity;


 


3. Party C has now obtained
the “House Ownership Certificate” and “State-owned Land Use Certificate” of Building 3 located at Yard
No. 8, Street 3, Tianzhuyuan, Shunyi District, Beijing, and enjoys all the rights and interests of the property and the corresponding
land. The property has a construction area of ​​10,247.94 square meters.


 


4. Party A and Party
B negotiate and agree: Party A will inject all the assets of the Computer Room Building involved in the Framework Agreement and
the Memorandum into Party C, and Party A will transfer Party C's 100% equity to Party B as the implementation of the Framework
Agreement of Party A and Party B in 2014.


 


The three parties have
agreed on the relevant issues and executed this Agreement as follows:


 


1. Determination
of Equity Transfer Price


 


The two parties confirmed
that the final equity transfer price is determined by the appraisal value specified in the Overall Equity Valuation Report of Party
C issued by ZhongHe Appraisal Co., Ltd. for the purpose of the transaction, and the price will become effective after being filed
with the State-owned Assets Supervision and Administration Department. Both parties confirmed that when the appraisal value exceeds
500 million yuan, the maximum transfer price will not exceed 500 million yuan.


 




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2. Payment of Equity
Transfer Price 


 


2.1 If the final equity
transfer price is higher than 325 million yuan, pay as per the following time limits and conditions:


 


2.1.1 Payment of the
first equity transfer price: Party B has paid Party A an advance payment of 325 million yuan on the basis of the Framework Agreement
and the relevant prepayment agreements prior to the signing of this Agreement. The advance payment will, upon the effectiveness
of this Agreement, be automatically transferred to Party A as the payment of the first equity transfer price made by Party B; the
breakdown of the advance payment of 325 million yuan is as follows:


 


(1) On September 6,
2013, People.cn paid 75 million yuan in advance;


 


(2) On April 18, 2014,
People.cn paid 150 million yuan in advance; and


 


(3) On January 30, 2015,
People.cn paid 100 million yuan in advance.


 


2.1.2 Payment of the
second equity transfer price: Party B shall pay Party A the second equity transfer price within 3 business days after the assessment
report of this transaction filed with the Ministry of Finance and the approval of the Board of Directors of Party B. The second
equity transfer price shall be paid up to 85% of the total equity transfer price;


 


2.1.3 Payment of the
third equity transfer price: Party B shall pay the 10% of the equity transfer price prior to the closing date. The closing date
is the date on which Party A and Party B consummate the equity transfer in accordance with the formal Equity Transfer Agreement.


 


2.1.4 Payment of the
fourth equity transfer price: One year after the closing, if there is no major quality problem in the overall project and equipment
of the Computer Room Building, Party B shall pay the remaining 5% equity transfer price.


 




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2.2 When the assessment
price is less than 325 million yuan, if both parties confirm the continuation of the transaction, Party A shall return the difference
to Party B within 30 days after the assessment report has been put into effect upon filing. If both parties fail to sign a formal
agreement on the transfer of equity within 30 days after the assessment report becomes effective, this transaction will be automatically
cancelled. Party A and Party B shall implement in accordance with Article 5.1 of the Agreement.


 


3. Rights and Obligations
of Each Party


 


3.1 Party A provides
a detailed list of the assets involved in this transaction as an annex to this Agreement.


 


3.2 Party A establishes
the mortgage security for Party B with the assets in the list agreed in Article 3.1 and cooperates with Party B to complete the
mortgage registration within a reasonable period of time at the request of Party B.


 


3.3 Party B shall pay
the funds in each period pursuant to the Agreement.


 


3.4 Party A and Party
C shall complete the legal procedures for injecting the assets in the list agreed in the Article 3.1 into Party C by September
30, 2018. Party A guarantees that the property rights of the Computer Room Building owned by Party C at that time are good title
and that the equipment assembly will be able to meet all the conditions for the normal operation of the Computer Room Building,
as well as promises that all the assets owned by Party C will not be mortgaged, pledged and encumbered by other third party rights
(except for the mortgage guarantee set up for Party B).


 


3.5 Both parties shall
execute the formal Equity Transfer Agreement on the basis of the equity transfer agreement model (see the Annex) within 5 working
days after the evaluation report is filed with the State-owned Assets Supervision and Administration Department and becomes effective.
The parties agree that, in accordance with the actual situation at the time of executing the agreement, the three parties may make
amendments to the Equity Transfer Agreement that do not affect the commercial nature and do not harm the interests of the parties.


 




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4. Closing Time
and Closing Method


 


The specific time and
place of closing and issues related shall be determined by the two parties in the formal Equity Transfer Agreement.


 


5. Termination


 


5.1 If Party A and Party
B negotiate consensually that the transaction is terminated or an automatic termination as stipulated in Article 2.2 occurs, Party
A shall refund Party B's prepayments and pay fees for occupying the funds at 5% annual interest rate according to the actual occupying
period.


 


6. Overdue Liability


 


6.1 If Party B fails
to pay the funds in due time, Party B shall pay Party A the interest at the bank loan interest rate for the same period on the
first day of each extension starting from the due date of payment to the actual payment date.


 


6.2 If Party A fails
to complete the matters specified in Articles 2.2, 3.2 and 3.4 on time, Party A shall pay Party B the interest at the bank loan
interest rate for the same period on the first day of each extension based on the occupied amount and overdue time by Party A.
If two or more of the above breaches coexist, Party A will only bear the single default liability for the one with the longest
delay time. However, if Party B exercises relevant rights in accordance with Article 5.1, this Article does not apply and Party
A shall not bear the responsibility for breach of contract under this Article.


 


6.3 In addition to the
foregoing, if any party fails to perform the obligations under the Agreement on time, it shall bear the corresponding liability
for breach of contract, and the defaulting party shall compensate the actual losses suffered by the observing party.


 




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7. Applicable Law
and Dispute Resolution


 


7.1 This Agreement shall
be governed by and construed in accordance with the laws of China.


 


7.2 Any disputes or
discrepancy between the parties arising from this Agreement shall be resolved as far as possible in an amicable manner. Should
the parties fail to negotiate a settlement, either party may file a lawsuit with the court in the place where the contract is executed
for the dispute or discrepancy.


 


7.3 This contract was
signed in Chaoyang District, Beijing.


 


8. Miscellaneous


 


8.1 The original of
this Agreement is made in six copies and each party holds two copies. Each copy has the same legal validity.


 


8.2 This Agreement shall
be signed by the legal representatives or their authorized representatives of Party A, Party B and Party C, and be affixed with
an official seal respectively and shall be effective upon approval by the Board of Directors of Party B.


 




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Party
A (official seal): Legal representative or authorized agent (signature)
Date: Party B (official seal): Legal representative or authorized agent (signature) Date: Party C (official seal): Legal representative
or authorized agent (signature) Date:


 




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