Document:

Exhibit 10.8

 

Spousal Consent Letter

 

To Kuke Future International Technology (Beijing) Co., Ltd.:

 

I, [name of spouse](ID card number: [ ]), am the legal spouse of a natural person [ ](ID card number: [ ]). I hereby confirm that I am aware of, and hereby unconditionally and irrevocably consent to the documents signed by Kuke Future International Technology (Beijing) Co., Ltd. with Beijing Geligao Consulting Services Co., Ltd., Kunshan Maidun Culture Industry Investment Enterprise (Limited Partnership), Tian LV, Jun MA, He YU, Peixian TAN, Xingping ZUO, Rongtao JIANG, Jianming JIN, Liwei LIANG, Liping QIU, Wei ZHAO, Hua XING, Yuanxin XIU, Haoxuan DIAO, Hanqing HUANG, Dingfeng LIU, Zheng TU and Beijing Kuke Music Co., Ltd (hereinafter referred to as the “Kuke Music”),(hereinafter referred to as the “Transaction Documents”), and agrees to dispose of the shares of Kuke Music held by my spouse and registered in my name in accordance with the following documents: (1) Exclusive Consulting Service Agreements; (2) Exclusive Intellectual Property Rights Licensing Agreement; (3) Power of Attorney; (3) Exclusive Option Agreement; and (4) Equity Interest Pledge Agreement.

 

I acknowledge and agree that my spouse’s present and future equity interests in Kuke Music are the personal property of my spouse and do not constitute the joint property of me and my spouse, and that my spouse has the right to dispose of such equity interests alone. I hereby unconditionally and irrevocably waive any right or interest that may be granted to me under the applicable laws of any country or territory with respect to such shareholding and undertake not to make any claim with respect to such shareholding, including the claim that such shareholding constitutes the joint property of my spouse and me, nor will I claim on the basis of such claim to participate in the day-to-day operation and management of Kuke Music or to influence in any way my spouse’s rights with respect to such shareholding. The decision of my spouse to execute the Transaction Documents will not prevent my spouse from fulfilling her/his obligations under the Transaction Documents.

 

I further acknowledge that my spouse is entitled to the sole enjoyment and performance of her/his rights and obligations under the Transaction Documents and that my spouse’s performance of the Transaction Documents and further amendment or termination of the Transaction Documents or execution of other documents in lieu of the Transaction Documents does not require my separate authorization or consent.

 

I undertake to execute all necessary documents and take all necessary actions to ensure the proper performance of the Transaction Documents (as amended from time to time).

 

I agree and undertake that I will not at any time act in a manner that conflicts with the arrangements under the Transaction Documents or this Consent Letter. If I acquire for any reason any equity interest held by my spouse in Kuke Music, I shall be bound by the Transaction Documents (as amended from time to time) and for this purpose, upon request of Kuke Future International Technology (Beijing) Co., Ltd., I shall execute a series of written documents in the same form and content as the Transaction Documents (as amended from time to time).

 

 

I further acknowledge, covenant and warrant that under all circumstances, including but not limited to, in the event of my spouse’s death, incapacity or divorce, my spouse shall have the right to dispose of the equity interests held by my spouse in Kuke Music alone, and that I and my heirs, guardians, creditors or any other persons entitled to claim rights or interests in any equity interests held by my spouse in Kuke Music shall not take any action that may affect or hinder my spouse’s performance of the obligations under the Transaction Documents.

 

It is hereby acknowledged.

 

(This page, without text, is the signature page of the Spousal Consent Letter)

 

Signed.

 

	
Date:
    	
 
    	
 
    

 

 

Spousal Consent Letter

 

To Beijing Lecheng Future Culture Communications Co., Ltd. (“WFOE”):

 

I, [name of spouse](ID card number: [ ]), am the legal spouse of a natural person [ ](ID card number: [ ]). I hereby confirm that I am aware of, and hereby unconditionally and irrevocably consent to the documents signed by WFOE with Ningbo Huaqiang Ruizhe Investment Partnership (Limited Partnership), Suzhou Fengqiao Jichu Chuangye Investment Partnership (Limited Partnership), Tianjin Shengxin Enterprise Management Consulting Partnership (Limited Partnership), Long YU, He YU and Zheng TU and Beijing Music Festival Culture Communications Co., Ltd. (hereinafter referred to as the “ Music Festival Culture “),(hereinafter referred to as the “Transaction Documents”), and agrees to dispose of the shares of Music Festival Culture held by my spouse and registered in my name in accordance with the following documents: (1) Exclusive Consulting Service Agreements; (2)Power of Attorney; (3) Exclusive Option Agreement; and (4) Equity Interest Pledge Agreement.

 

I acknowledge and agree that my spouse’s present and future equity interests in Music Festival Culture are the personal property of my spouse and do not constitute the joint property of me and my spouse, and that my spouse has the right to dispose of such equity interests alone. I hereby unconditionally and irrevocably waive any right or interest that may be granted to me under the applicable laws of any country or territory with respect to such shareholding and undertake not to make any claim with respect to such shareholding, including the claim that such shareholding constitutes the joint property of my spouse and me, nor will I claim on the basis of such claim to participate in the day-to-day operation and management of Music Festival Culture or to influence in any way my spouse’s rights with respect to such shareholding. The decision of my spouse to execute the Transaction Documents will not prevent my spouse from fulfilling her/his obligations under the Transaction Documents.

 

I further acknowledge that my spouse is entitled to the sole enjoyment and performance of her/his rights and obligations under the Transaction Documents and that my spouse’s performance of the Transaction Documents and further amendment or termination of the Transaction Documents or execution of other documents in lieu of the Transaction Documents does not require my separate authorization or consent.

 

I undertake to execute all necessary documents and take all necessary actions to ensure the proper performance of the Transaction Documents (as amended from time to time).

 

I agree and undertake that I will not at any time act in a manner that conflicts with the arrangements under the Transaction Documents or this Consent Letter. If I acquire for any reason any equity interest held by my spouse in Music Festival Culture, I shall be bound by the Transaction Documents (as amended from time to time) and for this purpose, upon request of Beijing Lecheng Future Culture Communications Co., Ltd., I shall execute a series of written documents in the same form and content as the Transaction Documents (as amended from time to time).

 

 

I further acknowledge, covenant and warrant that under all circumstances, including but not limited to, in the event of my spouse’s death, incapacity or divorce, my spouse shall have the right to dispose of the equity interests held by my spouse in Music Festival Culture alone, and that I and my heirs, guardians, creditors or any other persons entitled to claim rights or interests in any equity interests held by my spouse in Music Festival Culture shall not take any action that may affect or hinder my spouse’s performance of the obligations under the Transaction Documents.

 

It is hereby acknowledged.

 

(This page, without text, is the signature page of the Spousal Consent Letter)

 

Signed.

 

Date:Exhibit 10.9

 

Supplementary Agreement to Contractual Arrangements

 

THIS SUPPLEMENTAL AGREEMENT TO CONTRACTUAL ARRANGEMENTS (“this Supplemental Agreement”) is executed in the Chaoyang District of Beijing, the People’s Republic of China, on the day of February 13, 2020, by the following parties.

 

Party A: Kuke Future International Technology (Beijing) Co., Ltd. (“WFOE”)

Unified Social Credit Code: 91110105MA019CH24W

Address: Room 105, Building 96, No.4 Sanjianfangnanli, Chaoyang District, Beijing

 

Party B: Beijing Kuke Music Co., Ltd. (“Kuke Music”)

Unified Social Credit Code: 91110105717747136P

Address: Room 207, Building 96, No.4 Sanjianfangnanli, Chaoyang District, Beijing

 

Party C:

 

1.                  Beijing Geligao Consulting Services Co., Ltd.

 

Unified Social Credit Code: 91110105062848234W

Legal Representative: He YU

Address: Room 208, Building 96, No.4 Sanjianfangnanli, Chaoyang District, Beijing

 

2.                  Kunshan Maidun Culture Industry Investment Enterprise (Limited Partnership)

 

Unified Social Credit Code: 91320583060164613P

Managing Partner: Kunshan Maidun Hengfeng Equity Investment Management Enterprise()

Address: Room 5143 International Finance Building, No. 538 Shang Yin Road, Huaqiao Town

 

3.                  Tian LV

 

ID: 110102198212013314

Address: 1-402 Building 17, No.34 Fuwai Street, Xicheng District, Beijing

 

4.                  Jun MA

 

ID: 11010519630501181x

Address: 7-401 Building 10, Maizidian Street, Chaoyang District, Beijing

 

5.                  He YU

 

ID: 110108197306035737

Address: 2-301, Building 236, Huixinli, Chaoyang District, Beijing

 

6.                  Peixian TAN

 

ID: 110105198210254113

Address: No. 101, Unit 3, Building 1, North Lane, Nantaipingzhuang, Chaoyang District, Beijing, China

 

 

7.                  Xingping ZUO

 

ID: 110108196504140015

Address: No. 910, 60th Floor, North Li Shi Road, Xicheng District, Beijing, China

 

8.                  Rongtao JIANG

 

ID: 110104197703051612

Address: 501, West Gate 6, 9/F, Caiyuan Dongli, Xuanwu District, Beijing, China

 

9.                  Jianming JIN

 

ID: 310223195801100257

Address:No.723, Huaxin Yuan, Dafang Town, Baoshan District, Shanghai, China.

 

10.           Liwei LIANG

 

ID: 130423198510014018

Address: No.23 Xiaokang Road, Shazhuang Village, Yanzhaiying Township, Linzhang County, Handan City, Hebei Province, China.

 

11.           Liping QIU

 

ID: 110105196409258139

Address: No. 1602, Gate 1, Building 18, Anyuan District, Anhui Beili, Chaoyang District, Beijing, China.

 

12.           Wei ZHAO

 

ID: 11010119820721203X

Address: No. 1201, Gate 3, 1st Floor, Anwai Donghayan, Dongcheng District, Beijing, China

 

13.           Hua XING

 

ID: 110108196308012307

Address: No. 202, 4th Floor, Zone 7, No. 15A, Wanshou Road, Haidian District, Beijing, China.

 

14.           Yuanxin XIU

 

ID: 370883198208030423

Address: No. 1002, Unit 1, Building 7, No. 8, Zhongtancun Avenue, Changping District, Beijing, China

 

15.           Haoxuan DIAO

 

ID: 110102197705070427

Address: No.10, Gate 4, Building 2, No.45, Xihuangchenggen South Street, Xicheng District, Beijing, China.

 

16.           Dingfeng LIU

 

ID: 410526196311150140

Address: No. 102, Unit 3, Building 5A, Tanghekou Street, Huairou District, Beijing, China

 

 

17.           Hanqing HUANG

 

ID: 310102198308172827

Address: 175 Baidu Road, Huangpu District, Shanghai, China

 

18.           Zheng TU

 

ID: 330501197803270015

Address: Room 401, Building 51, East Baiyutan District, Longquan Street, Wuxing District, Huzhou City, Zhejiang Province, China.

 

Party C 1 through 18 above are collectively referred to as the “Kuke Music Shareholders”.

 

The foregoing Parties A, B and C shall be referred to in this Agreement individually as “Party” and collectively as the “Parties”.

 

WHEREAS.

 

1. Party C are registered shareholders of Kuke Music, holding in aggregate 100% of the shares of Kuke Music.

 

2. that Party A and Party B have signed the Exclusive Consulting Service Agreement and the Exclusive Intellectual Property Rights Licensing Agreement on 26 February 2018.

 

3. Party A, Party B and Party C have signed the Exclusive Option Agreement, the Powers of Attorney and the Equity Interest Pledge Agreement on 26 February 2018 (the Exclusive Consulting Service Agreement, the Exclusive Intellectual Property Rights Licensing Agreement, the Exclusive Option Agreement, the Powers of Attorney and the Equity Interest Pledge Agreement are collectively referred to as the “Contractual Arrangements”).

 

4. The parties to this Supplemental Agreement intend to agree on additional matters in connection with the Contractual Arrangements signed above.

 

Accordingly, the parties have entered into the following supplemental agreements.

 

1. from the date of signing of this Supplemental Agreement, the agreement of the calculation and payment of the service fee in Article 1 of the Annex of the Exclusive Consulting Service Agreement is changed to: Kuke Music shall pay the audited profit before income tax after deducting relevant costs and reasonable expenses to WFOE as the service fee for the services provided by WFOE under this Agreement, subject to compliance with PRC laws and regulations.

 

2. as of the date of this Supplemental Agreement, the agreement of Article 5(3) of the Exclusive Option Agreement shall be changed to read: no sale, assignment, gift, pledge or other disposition or cause the management of Kuke Music and its subsidiaries to sell, assign, gift, pledge or otherwise dispose of any of the legal gain or beneficial interest in the asset, business or income, or allow any security interest to be created thereon, and if the Kuke Music Shareholder acquires any such interest, it shall notify WFOE within three business days and immediately assign such interest to WFOE  without compensation.

 

 

3. as of the date of this Supplemental Agreement, the Kuke Music Shareholder further covenants and warrants to WFOE that if the Kuke Music Shareholder disposes of any of its equity interest in Kuke Music by any means such as sale, transfer, pledge or otherwise, or by any means such as capital reduction, which results in a reduction of the equity interest or beneficial interest in Kuke Music, so that the Kuke Music Shareholder acquires any such interest, it shall within three business days notify WFOE and immediately assign the interest in question to WFOE without compensation.

 

4. the original Contractual Arrangements shall remain in force except as expressly modified by this Supplemental Agreement. In the event of a conflict between this Supplemental Agreement and the original Contractual Arrangements, this Supplemental Agreement shall prevail.

 

5. this Supplemental Agreement shall become effective on the date it is signed and sealed by the parties.

 

6. this Supplemental Agreement shall become an inseparable part of the original Contractual Arrangements and shall have the same legal effect as the original Contractual Arrangements after it becomes effective.

 

7. this supplemental agreement is written in Chinese in twenty-one original copies, one copy for each party, and the remaining copies will be retained by Kuke Music and will have the same legal effect.

 

(No text below)

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