Document:

Exhibit 10.9

 

Exclusive Business Cooperation Agreement

 

This Exclusive Business Cooperation Agreement (this “Agreement”) is made and entered into by and between the following parties on July 18, 2014 in Beijing, the People’s Republic of China.

 

	
Party A:
    	
 
    	
Beijing Shijitong Technology Co., Ltd.
    
	
 
    	
 
    	
 
    
	
Address:
    	
 
    	
Room 1505, Buildings 1, No.108 Zhichun Road, Haidian   District, Beijing
    
	
 
    	
 
    	
 
    
	
Party B:
    	
 
    	
Beijing Lejiaxin Network Technology   Co., Ltd.
    
	
 
    	
 
    	
 
    
	
Address:
    	
 
    	
16F-11, No. 2 West Dawang Road, Chaoyang   District, Beijing
    

 

Party A and Party B shall be hereinafter referred to as a “Party” individually, and as the “Parties” collectively.

 

Whereas,

 

1.                Party A is a wholly foreign-owned enterprise registered in the People’s Republic of China’s (hereinafter “China” or “PRC”) with necessary resources for providing technical services and commercial consulting services;

 

2.                  Party B is a domestic company registered in China and is approved by competent Chinese government authorities to engage in technical popularization service; enterprise planning; enterprise management consulting; investment management; investment consulting; asset management; goods import and export business; technology import and export business; export& import agency; sales of the electronic products, communications equipment, daily necessities, handicrafts, sporting goods and photographic equipment. Party B’s current business and any business to be operated and developed at any time during the term of this Agreement are collectively referred to as “Principal Business”.

 

3.                Party A is willing to, with its advantages in technology, human resources, and information, provide Party B with technical support, consulting services and other services on an exclusive basis in relation to the Principal Business during the term of this Agreement, and Party B is willing to accept such services provided by Party A or Party A’s designee(s), each on the terms set forth herein.

 

Now, therefore, the Parties hereby agree as follows through mutual negotiations:

 

1.                  Services to be Provided by Party A

 

1.1                 Pursuant to the terms and conditions set forth herein, Party B hereby appoints Party A as Party B’s exclusive services provider to provide Party B with full-range business support and technical and consulting services during the term of this Agreement, which may include all such services as may be determined from time to time by Party A within Party B’s scope of the Principal Business, such as but not limited to technical services, network support, business consultations, intellectual property licenses, equipment or office premise leasing, marketing consultancy, system integration, product research and development, and system maintenance.

 

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1.2                 Party B agrees to accept the consultations and services provided by Party A. Party B further agrees that unless with Party A’s prior written consent, during the term of this Agreement, Party B shall not directly or indirectly accept any same or similar services provided by any third party and shall not establish similar cooperation relationships with any third party regarding the matters contemplated by this Agreement. Party A may appoint other parties, who may enter into certain agreements described in Section 1.3 with Party B, to provide Party B with the services under this Agreement.

 

1.3                 Service Mode

 

1.3.1                        Party A and Party B agree that during the term of this Agreement, both Parties may, directly or through their respective affiliates, enter into further technical service agreements or consulting service agreements, which shall specify the specific contents, manner, personnel, and fees for the specific technical services and consulting services to be provided by Party A.

 

1.3.2                        To fulfill this Agreement, Party A and Party B agree that during the term of this Agreement, both Parties may, directly or through their respective affiliates, enter into intellectual property (including, but not limited to, software, trademark, patent and know-how) license agreements which shall permit Party B to, based on its business needs, use Party A’s relevant intellectual property rights at any time and from time to time.

 

1.3.3                        To fulfill this Agreement, Party A and Party B agree that during the term of this Agreement, both Parties may, directly or through their respective affiliates, enter into equipment or property leases which shall permit Party B to, based on its business needs, use Party A’s relevant equipment or property at any time and from time to time.

 

1.3.4                        Party B hereby grants to Party A an irrevocable and exclusive option to purchase from Party B, at Party A’s sole discretion, any or all of the assets of Party B, to the extent permitted under PRC law, and at the lowest purchase price permitted by PRC law. Upon exercise of such option by Party A, The Parties shall enter into a separate asset transfer agreement, specifying the terms and conditions of the transfer of the assets.

 

2.                  The Calculation and Payment of Service Fees

 

Both Parties agree that Party B shall pay Party A consulting service fees in the amount and on the date stipulated in the invoice. Party A shall have the right to adjust the service fee rate at any time in accordance with the quantity and content of consulting services it provides to Party B.

 

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2.1                 Party B shall pay service fees to Party A in the following manner for the services provided by Party A hereunder.

 

2.1.1                        Service fee equivalent to a certain ratio of the balance of Party B’s current-year revenue deducting the cost recognized by Party A, which ratio shall be otherwise determined by Party A annually based on Party B’s actual profitability; and

 

2.1.2                        Service fee otherwise agreed upon by the Parties for specific technical services provided by Party A from time to time upon Party B’s request.

 

2.2                 Party B shall pay the service fees determined pursuant to Section 2.1 to Party A’s designated bank account in a lump sum within three (3) months following the end of each Gregorian Calendar year.

 

2.3                 With fifteen (15) days following the end of each financial year, Party B shall provide Party A with current-year financial statements and all business records, business contracts and financial information necessary for the issuance of financial statements. If Party A disputes with the financial information provided by Party B, it may appoint an independent accountant with good reputation to audit relevant information and Party B shall cooperate.

 

3.                  Intellectual Property Rights and Confidentiality Clauses

 

3.1                 Party A shall have exclusive and proprietary ownership, rights and interests in any and all intellectual properties arising out of or created during the performance of this Agreement, including but not limited to copyrights, patents, patent applications, trademarks, software, technical secrets, trade secrets, regardless of whether they have been developed by Party A or Party B. Party B shall execute all appropriate documents, take all appropriate actions, submit all filings and/or applications, render all appropriate assistance and otherwise conduct as deemed necessary by Party A at its sole discretion, so as to vest any ownership, right or interest of any such intellectual property rights in Party A, and/or perfect the protections for any such intellectual property rights of Party A.

 

3.2                 The Parties acknowledge that the existence and the terms of this Agreement and any oral or written information exchanged between the Parties in connection with the preparation and performance of this Agreement constitute confidential information. Each Party shall maintain confidentiality of all such confidential information, and without obtaining written consent of the other Party, it shall not disclose any relevant confidential information to any third party, except for the information that: (i) is or becomes available to the general public (other than through the receiving Party’s unauthorized disclosure); (ii) is required to be disclosed by applicable laws or regulations or rules or regulations of any stock exchange; or (iii) is necessary to be disclosed by any Party to its shareholders, directors, employees, legal counsels or financial advisors regarding the transaction contemplated hereunder, provided that such shareholders, directors, employees, legal counsels or financial advisors shall be bound by the confidentiality obligations similar to those set forth in this Section. Disclosure of any confidential information by the shareholders, director, employees of or agencies engaged by any Party shall be deemed disclosure by such Party itself and such Party shall be held liable for breach of this Agreement. This Section shall survive the termination of this Agreement for any reason.

 

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3.3                 The Parties agree that this Section shall survive changes to, and rescission or termination of, this Agreement.

 

4.                  Representation and Warranties

 

4.1                 Party A hereby represents and warrants as follows:

 

4.1.1                        Party A is a wholly foreign-owned enterprise legally established and validly existing under the laws of China;

 

4.1.2                        Party A has taken all necessary corporate actions, obtained all necessary authorizations as well as all consents and approvals from third parties and government agencies (if required) for the execution, delivery and performance of this Agreement. Party A’s execution, delivery and performance of this Agreement do not violate any restrictions in law or otherwise binding or having an impact on Party A.

 

4.1.3                        This Agreement constitutes Party A’s legal, valid and binding obligations, enforceable against it in accordance with its terms.

 

4.2                 Party B hereby represents and warrants as follows:

 

4.2.1                        Party B is a company legally established and validly existing under the laws of China and has obtained all government permits and licenses for engaging in the Principal Business.

 

4.2.2                        Party B’s execution and performance of this Agreement is within its corporate capacity and the scope of its business operations; Party B has taken necessary corporate actions and given appropriate authorization and has obtained the consent and approval from third parties and government agencies, and will not violate any restrictions in law or otherwise binding or having an impact on Party B.

 

4.2.3                        This Agreement constitutes Party B’s legal, valid and binding obligations, and shall be enforceable against it in accordance with its terms.

 

5.                  Effectiveness and Term

 

5.1                 This Agreement is executed on the date first above written and shall take effect as of such date. This Agreement shall have an indefinite term and remain effective unless terminated in accordance with the provisions of this Agreement or terminated in writing by Party A.

 

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5.2                 During the term of this Agreement, each Party shall renew its operation term prior to the expiration thereof so as to enable this Agreement to remain effective. This Agreement shall be terminated upon the expiration of the operation term of a Party if the application for the renewal of its operation term is not approved by relevant government authorities.

 

6.                  Termination

 

6.1                 Party B shall not terminate this Agreement prior to expiration of the term of this Agreement.

 

6.2                 During the term of this Agreement, Party A shall have the right to terminate this Agreement upon giving 30 days’ prior written notice to Party B at any time.

 

6.3                 The rights and obligations of the Parties under Sections 3, 7 and 8 shall survive the termination of this Agreement.

 

7.                  Governing Law and Dispute Resolution

 

7.1                 The execution, effectiveness, construction, performance, amendment and termination of this Agreement and the dispute resolution hereunder shall be governed by the laws of China.

 

7.2                 In the event of any dispute with respect to the construction and performance of this Agreement, the Parties shall first resolve the dispute through friendly negotiations. In the event that the Parties fail to reach an agreement within 30 days after either Party requests to the other Party for resolution of the dispute through negotiations, either Party may submit the relevant dispute to the China International Economic and Trade Arbitration Commission for arbitration in accordance with its then effective arbitration rules. The arbitration shall be conducted in Beijing. The arbitration award shall be final and binding on both Parties.

 

7.3                 Upon occurrence of any disputes arising from the construction and performance of this Agreement or pending arbitration of any dispute, except for the matters under dispute, the Parties shall continue to exercise their respective rights and perform their respective obligations hereunder.

 

8.                  Indemnification

 

Party B shall indemnify and hold harmless Party A from any losses, injuries, obligations or expenses incurred by Party A due to any lawsuit, claims or other demands against Party A arising from or caused by the consultations and services provided by Party A at the request of Party B, except where such losses, injuries, obligations or expenses arise from the gross negligence or willful misconduct of Party A.

 

9.                  Notices

 

9.1                 All notices and other communications required or permitted to be given pursuant to this Agreement shall be delivered personally or sent by registered mail with postage prepaid, commercial courier service or facsimile transmission to the

 

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address of such Party set forth below. Each notice shall be followed by a confirmation copy sent by email. The dates on which notices shall be deemed to have been effectively given shall be determined as follows:

 

9.1.1                        Notices given by personal delivery, courier service, registered mail with postage prepaid shall be deemed effectively given on the date of receipt or rejection at the address specified for notices.

 

9.1.2                        Notices given by facsimile transmission shall be deemed effectively given on the date of successful transmission (as evidenced by an automatically generated confirmation of transmission).

 

9.2                 The addresses of the Parties for receiving notices are as follows:

 

	
Party A:
    	
 
    	
Beijing Shijitong Technology Co., Ltd.
    
	
Addres:
    	
 
    	
6/F, Block B, Huazhong University of Science and   Technology, Virtual University Park, Nanshan Science Zone, Nanshan District,   Shenzhen
    
	
Attn:
    	
 
    	
XIAO Wenjie
    
	
Tel.:
    	
 
    	
0755-86530952
    
	
 
    	
 
    	
 
    
	
Party B:
    	
 
    	
Beijing Lejiaxin Network Technology   Co., Ltd.
    
	
Address:
    	
 
    	
6/F, Block B, Huazhong University of Science and   Technology, Virtual University Park, Nanshan Science Zone, Nanshan District,   Shenzhen
    
	
Attn:
    	
 
    	
XIAO Wenjie
    
	
Tel.:
    	
 
    	
0755-86530952
    

 

9.3                 Either Party may at any time change its address for notices by a notice delivered to the other Party in accordance with the terms hereof.

 

10.           Assignment

 

10.1          Without Party A’s prior written consent, Party B shall not assign its rights and obligations hereunder to any third party.

 

10.2          Party B agrees that Party A may assign its obligations and rights hereunder to any third party and in the case of such assignment, Party A is only required to give written notice to Party B and does not need to seek any consent from Party B.

 

11.           Severability

 

In the event that one or several provisions hereof are found to be invalid, illegal or unenforceable in any aspect in accordance with any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement shall not be affected or compromised in any aspect. The Parties shall negotiate in good faith to  replace such invalid, illegal or unenforceable provisions with effective provisions that accomplish to the greatest extent permitted by law the intentions of the Parties, and the economic effect of such effective provisions shall be as close as possible to the economic effect of those invalid, illegal or unenforceable provisions.

 

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12.           Modification and Supplement

 

Any amendments and supplements to this Agreement shall be in writing. Any amendment agreements and supplementary agreements signed by the Parties with respect to this Agreement shall form an integral part of this Agreement and have the same legal effect as this Agreement.

 

13.           Language and Counterparts

 

This Agreement is written in Chinese in two counterparts of equal legal force, with each Party holding one.

 

[Signature page follows]

 

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IN WITNESS WHEREOF, the Parties have caused their authorized representatives to execute this Exclusive Business Cooperation Agreement as of the date first above written.

 

	
Party A: Beijing Shijitong Technology Co., Ltd.   (Seal)
    	
 
    
	
 
    	
 
    	
 
    
	
Signature:
    	
/s/XIAO Wenjie
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
XIAO Wenjie
    	
 
    
	
 
    	
 
    	
 
    
	
Title:
    	
Legal   Representative
    	
 
    
	
 
    	
 
    	
 
    
	
/s/Seal of Beijing Shijitong Technology Co., Ltd.
    	
 
    
	
 
    	
 
    
	
Party B: Beijing Lejiaxin Network Technology   Co., Ltd. (Seal)
    	
 
    
	
 
    	
 
    	
 
    
	
Signature:
    	
/s/XIAO Wenjie
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
XIAO Wenjie
    	
 
    
	
 
    	
 
    	
 
    
	
Title:
    	
Legal   Representative
    	
 
    
	
 
    	
 
    	
 
    
	
/s/Seal of Beijing Lejiaxin Network Technology Co., Ltd.
    	
 
    

 

8Exhibit 10.10

 

EXCLUSIVE OPTION AGREEMENT

 

This Exclusive Option Agreement (this  “Agreement”) is made and entered into by and among the following Parties as of July 18, 2014 in Beijing, the People’s Republic of China (“China”):

 

	
Party A:
    	
Beijing Shijitong Technology Co., Ltd,   a wholly foreign-owned enterprise duly registered in China, with its address   at Room 1505, Buildings 1, No.108 Zhichun Road, Haidian District, Beijing;
    
	
 
    	
 
    
	
Party B:
    	
XIAO Wenjie, a Chinese citizen   whose ID number is ******************;
    
	
 
    	
 
    
	
 
    	
LIU Qiangdong, a Chinese   citizen whose ID number is ******************;
    
	
 
    	
 
    
	
Party C:
    	
Beijing Lejiaxin Network Technology   Co., Ltd., a limited liability company organized and   existing under the laws of China, with its address at 16F-11, No. 2 West   Dawang Road, Chaoyang District, Beijing.
    

 

In this Agreement, Party A, Party B and Party C shall be hereinafter referred to as a “Party” individually, and the “Parties” collectively.

 

WHEREAS:

 

Party B is a shareholder of Party C and holds 100% of the Equity Interest in Party C as of the execution date hereof;

 

Now Therefore, the Parties hereby agree as follows through mutual negotiations:

 

1.                                      Sale and Purchase of Equity Interest

 

1.1                              Grant of Option

 

In consideration of the payment of RMB 10.00 by Party A, the receipt and sufficiency of which is hereby acknowledged by Party B, Party B hereby irrevocably grants Party A an irrevocable and exclusive right to purchase, or designate one or more persons (each, a “Designee”) to purchase in whole or in part the equity interests in Party C now or then held by Party B (regardless of whether Party B’s capital contribution and/or shareholding percentage is changed or not in the future) at any time and from time to time at Party A’s sole and absolute discretion to the extent permitted by Chinese laws and at the price described in Section 1.3 herein (such right being the “Equity Interest Purchase Option”). Except for Party A and the Designee(s), no other person shall be entitled to the Equity Interest Purchase Option or other rights with respect to the equity interests held by Party B. Party C hereby agrees to the grant by Party B of the Equity Interest Purchase Option to Party A. The term “person” as used herein shall refer to individuals, corporations, joint ventures, partnerships, enterprises, trusts or non-corporate organizations.

 

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1.2                              Steps for Exercise of Equity Interest Purchase Option

 

Subject to the provisions of the laws and regulations of China, Party A may exercise the Equity Interest Purchase Option by issuing a written notice to Party B (the “Equity Interest Purchase Option Notice”), specifying: (i) Party A’s decision to exercise the Equity Interest Purchase Option; (ii) the portion of equity interests Party A proposes to be purchase from Party B (the “Optioned Interests”); and (iii) the date for purchasing/transferring the Optioned Interests.

 

1.3                              Equity Interest Purchase Price

 

Unless an appraisal is required by the laws of China for the Equity Interest Purchase Option exercised by Party A, the purchase price of the Optioned Interests (the “Equity Interest Purchase Price”) shall be the minimum price to the extent permitted by law.

 

1.4                              Transfer of Optioned Interests

 

For each exercise of the Equity Interest Purchase Option:

 

1.4.1                         Party B shall cause Party C to promptly convene a shareholders meeting, at which a resolution shall be adopted approving Party B’s transfer of the Optioned Interests to Party A and/or the Designee(s);

 

1.4.2                         Party B shall obtain written statements from the other shareholders of Party C (if any) giving consent to the transfer of the equity interest to Party A and/or the Designee(s) and waiving any right of first refusal related thereto;

 

1.4.3                         Party B shall execute a share transfer contract with Party A and/or each Designee (whichever is applicable) with respect to each transfer (“Transfer Contract”), in accordance with the provisions of this Agreement and the Equity Interest Purchase Option Notice;

 

1.4.4                         The relevant Parties shall execute all other necessary contracts, agreements or documents, obtain all necessary government licenses and permits and take all necessary actions to transfer valid ownership of the Optioned Interests to Party A and/or the Designee(s), unencumbered by any security interests, and cause Party A and/or the Designee(s) to become the registered owner(s) of the Optioned Interests. For the purposes of this Section and this Agreement, “Security Interests” shall include securities, mortgages, third party’s rights or interests, any stock options, acquisition right, right of first refusal, right to offset, title retention or other security arrangements, but shall be deemed to exclude any security interest created by this Agreement and Party B’s Equity Pledge Agreement. “Party B’s Equity Pledge Agreement” as used in this Section and this Agreement shall refer to the Equity Pledge Agreement executed by and among Party A, Party B and Party C on the date of this Agreement (“Equity Pledge Agreement”), whereby Party B pledges all of its equity interests in Party C to Party A, in order to guarantee Party C’s performance of its obligations under the Exclusive Business Cooperation Contract and other agreements executed by and between Party C and Party A.

 

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2.                                     Covenants

 

2.1                                   Covenants regarding Party C

 

Party B (as a shareholder of Party C) and Party C hereby covenant as follows:

 

2.1.1                         Without prior written consent of Party A, they shall not in any manner supplement, change or amend the articles of association and bylaws of Party C, increase or decrease its registered capital, or otherwise change its structure of registered capital;

 

2.1.2                         They shall maintain Party C’s corporate existence in accordance with good financial and business standards and practices, obtain and maintain all government permits and licenses necessary for Party C to engage in its business, and prudently and effectively operate its business and handle its affairs;

 

2.1.3                         Without prior written consent of Party A, they shall not at any time after the execution date hereof, sell, transfer, mortgage or otherwise dispose of any assets of Party C or legal or beneficial interest in the business or revenues of Party C, or allow creation of any encumbrance or security interest thereon;

 

2.1.4                         Without prior written consent of Party A, they shall not incur, inherit, guarantee or allow the existence of any debt, except for (i) debts incurred in the ordinary course of business other than through borrowing loans; and (ii) debts that have been disclosed to Party A and for which Party A’s written consent has been obtained;

 

2.1.5                         They shall always operate all of Party C’s businesses during the ordinary course of business to maintain the asset value of Party C and refrain from any action/omission that may affect Party C’s operating status and asset value;

 

2.1.6                         Without prior written consent of Party A, they shall not cause Party C to execute any major contract, except for contracts executed in the ordinary course of business (for the purpose of this subsection, a contract with a value exceeding RMB 100,000 shall be deemed a major contract);

 

2.1.7                         Without prior written consent of Party A, they shall not cause Party C to provide any person with any loan or credit;

 

2.1.8                         They shall provide Party A with information on Party C’s business operations and financial condition at Party A’s request;

 

2.1.9                         If requested by Party A, they shall procure and maintain insurance in respect of Party C’s assets and business from an insurance carrier acceptable to Party A, at an amount and type of coverage typical for companies that operate similar businesses;

 

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2.1.10                  Without prior written consent of Party A, they shall not cause or permit Party C to merge, consolidate with, acquire or invest in any person;

 

2.1.11                  Without prior written consent of Party A, they shall not liquidate, dissolve or deregister Party C;

 

2.1.12                  They shall immediately notify Party A of the occurrence or possible occurrence of any litigation, arbitration or administrative proceedings relating to Party C’s assets, business or revenue;

 

2.1.13                  To maintain the ownership by Party C of all of its assets, they shall execute all necessary or appropriate documents, take all necessary or appropriate actions and file all necessary or appropriate complaints or raise necessary and appropriate defenses against all claims;

 

2.1.14                  Without prior written consent of Party A, they shall ensure that Party C shall not in any manner distribute dividends to its shareholder, provided that upon Party A’s written request, Party C shall immediately distribute all distributable profits to its shareholders; and

 

2.1.15                  At the request of Party A, they shall appoint any persons designated by Party A as the director of Party C.

 

2.2                              Covenants of Party B

 

Party B hereby covenants as follows:

 

2.2.1                         Without prior written consent of Party A, Party B shall not sell, transfer, mortgage or otherwise dispose any legal or beneficial interest in the equity interests in Party C held by Party B, or allow creation of any encumbrance or security interest thereon, except for the pledge created on these equity interests in accordance with Party B’s Equity Pledge Agreement;

 

2.2.2                         Party B shall cause the shareholder and/or the board of directors and/or executive director of Party C to disapprove the sale, transfer, mortgage or otherwise disposition of any legal or beneficial interest in the equity interests in Party C held by Party B, or allow the creation of encumbrance or any security interest thereon, without prior written consent of Party A, except for the pledge created on these equity interests in accordance with Party B’s Equity Pledge Agreement;

 

2.2.3                         Party B shall cause the shareholder or the board of directors and/or executive director of Party C to disapprove Party C’s merger or consolidation with any person, or the acquisition of or investment in any person, without prior written consent of Party A;

 

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2.2.4                         Party B shall immediately notify Party A of the occurrence or possible occurrence of any litigation, arbitration or administrative proceedings relating to the equity interests in Party C held by Party B;

 

2.2.5                         Party B shall cause the shareholder or executive director and/or the board of directors of Party C to vote their approval of the transfer of the Optioned Interests as set forth in this Agreement and to take any and all other actions that may be requested by Party A;

 

2.2.6                         To the extent necessary to maintain Party B’s ownership in Party C, Party B shall execute all necessary or appropriate documents, take all necessary or appropriate actions and file all necessary or appropriate complaints or raise necessary and appropriate defenses against all claims;

 

2.2.7                         Party B shall, at the request of Party A, appoint any designee of Party A as the director and/or executive director of Party C;

 

2.2.8                         Party B shall, at the request of Party A at any time, promptly and unconditionally transfer its equity interests in Party C to Party A’s Designee(s) in accordance with the Equity Interest Purchase Option under this Agreement, and Party B hereby waives its right of first refusal (if any) to the share transfer by the other existing shareholder of Party C (if any); and

 

2.2.9                         If Party B receives from Party C any profit, profit sharing, stock dividend, or liquidation proceeds, Party B shall promptly donate the same to Party A or any of its Designee(s) on the premise of complying with Chinese laws; and

 

2.2.10                  Party B shall strictly abide by the provisions of this Agreement and other contracts jointly or separately executed by and among Party B and/or Party C and Party A, perform the obligations hereunder and thereunder, and refrain from any action/omission that may affect the effectiveness and enforceability hereof and thereof. To the extent that Party B has any residual rights with respect to the equity interests subject to this Agreement hereunder or under Party B’s Equity Pledge Agreement or under the Power of Attorney Agreement granted in favor of Party A, Party B shall not exercise such rights except in accordance with the written instructions of Party A.

 

3.                                      Representations and Warranties

 

Party B and Party C hereby represent and warrant to Party A, jointly and severally, as of the date of this Agreement and each date of transfer of the Optioned Interests, that:

 

3.1                                                       They have the authority to execute and deliver this Agreement and any share transfer contracts to which they are a party concerning the Optioned Interests to be transferred thereunder (each, a “Transfer Contracts”), and to perform their obligations under this Agreement and any Transfer Contracts. Party B and Party C agree to enter into Transfer Contracts consistent with the terms of this Agreement upon Party A’s exercise of the Equity Interest Purchase Option. This Agreement and the Transfer Contracts to which Party B and Party C are a party constitute or will constitute their legal, valid and binding obligations and shall be enforceable against them in accordance with the provisions thereof;

 

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3.2                               The execution and delivery of this Agreement or any Transfer Contracts and the obligations under this Agreement or any Transfer Contracts shall not: (i) cause any violation of any applicable Chinese laws; (ii) be inconsistent with the articles of association, bylaws or other organizational documents of Party C; (iii) cause the violation of any contracts or instruments to which they are a party or which are binding on them, or constitute any breach under any contracts or instruments to which they are a party or which are binding on them; (iv) cause any violation of any condition for the grant and/or continued effectiveness of any licenses or permits issued to either of them; or (v) cause the suspension or revocation of or imposition of additional conditions to any licenses or permits issued to either of them;

 

3.3                               Party B has a good and merchantable title to the equity interests in Party C held by Party B. Except for that disclosed in Party B’s Equity Pledge Agreement or other written instruments, Party B has not created any security interest on such equity interests;

 

3.4                               Party C has a good and merchantable title to all of its assets, and except otherwise disclosed in writing, has not created any security interest or purchase option on the aforementioned assets;

 

3.5                               Party C does not have any outstanding debts, except for (i) debt incurred in the ordinary course of business; and (ii) debts that have been disclosed to Party A and for which Party A’s written consent has been obtained;

 

3.6                               There are no pending or threatened litigation, arbitration or administrative proceedings involving the equity interests in Party C, assets of Party C or Party C; and

 

3.7                               Party C has complied with all laws and regulations of China applicable to asset acquisitions;

 

4.                                     Effective Date

 

This Agreement shall become effective upon the execution date hereof, and shall be terminated upon the complete transfer of all options held by Party B in Party C to Party A and/or its Designee(s) pursuant to this Agreement.

 

5.                                     Governing Law and Dispute Resolution

 

5.1                               Governing Law

 

The execution, effectiveness, construction, performance, amendment and termination of this Agreement and the Dispute Resolution hereunder shall be governed by the formally published and publicly available laws of China. Matters not covered by formally published and publicly available laws of China shall be governed by international legal principles and practices.

 

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5.2                               Dispute Resolution

 

In the event of any dispute with respect to the construction and performance of this Agreement, the Parties shall first resolve the dispute through friendly negotiations. In the event the Parties fail to reach an agreement within 30 days after either Party requests to the other Parties for resolution of the dispute through negotiations, either Party may submit the relevant dispute to the China International Economic and Trade Arbitration Commission for arbitration, in accordance with its then effective arbitration rules. The arbitration shall be conducted in Beijing, and the language shall be Chinese. The arbitration award shall be final and binding on all Parties.

 

6.                                     Taxes and Fees

 

Each Party shall pay any and all transfer and registration tax, expenses and fees incurred by or levied on itself in accordance with the laws of China in connection with the preparation and execution of this Agreement and the Transfer Contracts, as well as the consummation of the transactions contemplated under this Agreement and the Transfer Contracts.

 

7.                                     Notices

 

7.1                               All notices and other communications required or permitted to be given pursuant to this Agreement shall be delivered personally or sent by registered mail with postage prepaid, commercial courier service or facsimile transmission to the address of such Party set forth below. Each notice shall be followed by a confirmation copy sent by email. The dates on which notices shall be deemed to have been effectively given shall be determined as follows:

 

7.1.1                         Notices given by personal delivery, courier service, registered mail with postage prepaid shall be deemed effectively given on the date of receipt or rejection at the address specified for notices.

 

7.1.2                         Notices given by facsimile transmission shall be deemed effectively given on the date of successful transmission (as evidenced by an automatically generated confirmation of transmission).

 

7.2                          The addresses of the Parties for receiving notices are as follows:

 

	
Party A:
    	
Beijing Shijitong   Technology Co., Ltd.
    
	
 
    	
 
    
	
Address:
    	
******************, Nanshan   District, Shenzhen
    
	
 
    	
 
    
	
Attn:
    	
XIAO Wenjie
    
	
 
    	
 
    
	
Tel.:
    	
******************
    
	
 
    	
 
    
	
Party B:
    	
XIAO Wenjie and LIU Qiangdong
    

 

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Address:
    	
******************, Nanshan   District, Shenzhen
    
	
 
    	
 
    
	
Tel.:
    	
******************
    
	
 
    	
 
    
	
Party C:
    	
Beijing Lejiaxin Network Technology   Co., Ltd.
    
	
 
    	
 
    
	
Address:
    	
6/F, Block B, Huazhong University of   Science and Technology, Virtual University Park, Nanshan Science Zone,   Nanshan District, Shenzhen
    
	
 
    	
 
    
	
Attn:
    	
XIAO Wenjie
    
	
 
    	
 
    
	
Tel.:
    	
0755-86530952
    

 

7.3                               Any Party may at any time change its address for notices by a notice delivered to the other Parties in accordance with the terms hereof.

 

8.                                     Confidentiality

 

The Parties acknowledge that any oral or written information exchanged between the Parties in connection with the preparation and performance this Agreement constitute confidential information. Each Party shall maintain confidentiality of all such confidential information, and without obtaining the written consent of the other Party, it shall not disclose any relevant confidential information to any third parties, except for the information that: (i) is or becomes available to the general public (other than through the receiving Party’s unauthorized disclosure); (ii) is required to be disclosed by applicable laws or regulations or rules or regulations of any stock exchange; or (iii) is necessary to be disclosed by any Party to its legal counsels or financial advisors regarding the transaction contemplated hereunder, provided that such legal counsels or financial advisors shall be bound by the confidentiality obligations similar to those set forth in this Section. Disclosure of any confidential information by the employees of or agencies engaged by any Party shall be deemed disclosure by such Party itself and such Party shall be held liable for breach of this Agreement. This Section shall survive the termination of this Agreement for any reason.

 

9.                                     Further Warranties

 

The Parties agree to promptly execute documents that are reasonably required for or are conducive to the implementation of the provisions and purposes of this Agreement and take further actions that are reasonably required for or are conducive to the implementation of the provisions and purposes of this Agreement.

 

10.                              Miscellaneous

 

10.1                        Amendment, change and supplement

 

Any amendment, change and supplement to this Agreement shall be made only by a written contract executed by all of the Parties.

 

8

 

10.2                        Entire Agreement

 

Except for the amendments, supplements or changes made in writing after the execution hereof, this Agreement shall constitute the entire agreement reached by and among the Parties hereto with respect to the subject matter hereof, and shall supersede all prior oral and written consultations, representations and contracts reached with respect to the subject matter of this Agreement.

 

10.3                        Headings

 

The headings of this Agreement are inserted for convenience only, and shall not be used to interpret, explain or otherwise affect the meanings of the provisions of this Agreement.

 

10.4                        Language

 

This Agreement is written in Chinese in four counterparts of equal legal force, with each Party holding one.

 

10.5                        Severability

 

In the event that one or several provisions hereof are found to be invalid, illegal or unenforceable in any aspect in accordance with any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement shall not be affected or compromised in any aspect. The Parties shall negotiate in good faith to replace such invalid, illegal or unenforceable provisions with effective provisions that accomplish to the greatest extent permitted by law the intentions of the Parties, and the economic effect of such effective provisions shall be as close as possible to the economic effect of those invalid, illegal or unenforceable provisions.

 

10.6                        Successors

 

This Agreement shall be binding on and shall inure to the interest of the respective successors of the Parties and the permitted assignees of such Parties.

 

10.7                        Survival

 

10.7.1                  Any obligations arising out of or due hereunder before the expiration or early termination of this Agreement shall survive the expiration or early termination thereof.

 

10.7.2                  Sections 5, 7, 8 and this Section 10.7 shall survive the expiration or termination of this Agreement.

 

10.8                        Waivers

 

Any Party may waive the terms and conditions of this Agreement, provided that such a waiver must be made in writing and shall require the signatures of all the Parties. No waiver by any Party in certain circumstances with respect to a breach by other Parties shall operate as a waiver by such Party with respect to any similar breach in other circumstances.

 

9

 

IN WITNESS WHEREOF, the Parties have caused their respective duly authorized representatives to execute this Exclusive Option Agreementas of the date first above written.

 

	
Party A:   Beijing Shijitong Technology Co., Ltd. (Seal)
    	
 
    
	
 
    	
 
    
	
Signature: 
    	
/s/XIAO Wenjie
    	
 
    
	
 
    	
 
    
	
Name: XIAO Wenjie
    	
 
    
	
 
    	
 
    
	
Title: Legal Representative
    	
 
    
	
 
    	
 
    
	
/s/Seal of Beijing Shijitong Technology   Co., Ltd.
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Party B:
    	
 
    
	
 
    	
 
    
	
Signature:
    	
/s/XIAO Wenjie
    	
 
    
	
 
    	
 
    
	
Name: XIAO Wenjie
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Signature:
    	
/s/LIU Qiangdong
    	
 
    
	
 
    	
 
    
	
Name: LIU Qiangdong
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Party C: Beijing Lejiaxin Network   Technology Co., Ltd. (Seal)
    	
 
    
	
 
    	
 
    
	
Signature:
    	
/s/XIAO Wenjie
    	
 
    
	
 
    	
 
    
	
Name XIAO Wenjie
    	
 
    
	
 
    	
 
    
	
Title: Legal Representative
    	
 
    
	
 
    	
 
    
	
/s/Seal of Beijing Lejiaxin Network   Technology Co., Ltd.

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