Document:

Exhibit 4.142

 

 

 

 

 

 

 

 

 

PURCHASE
OPTION AND COOPERATION AGREEMENT

 

among

 

Beijing
CFO Glory Technology Co., Ltd.

 

MENG
HAN

 

LU
WEJING

 

and

 

Zhongheng
Xintai(Beijing) Assets Management Co., Ltd

 

Sep
9, 2016

 

BEIJING,
CHINA

 

 

 

 

 

 

 

 

 

     

     

    

 

PURCHASE
OPTION AND COOPERATION AGREEMENT

 

This
Purchase Option and Cooperation Agreement ("this Agreement") is entered into in Beijing, People's Republic of China
(the "PRC") on Sep, 2016 by and among:

 

Party
A: Beijing CFO Glory Technology Co., Ltd.

Address:
17/F, Fuzhuo Tower, Xuanwu gate Street, Xicheng District, Beijing, China

 

Party
B: MENG HAN

Address:
17/F, Tower A, Fuzhuo Tower, Xuanwu gate Street, Xicheng District, Beijing, China

 

Party
C: LU WENJING

Address:
17/F, Tower A, Fuzhuo Tower, Xuanwu gate Street, Xicheng District, Beijing, China

 

Party
D: Zhongheng Xintai(Beijing) Assets Management Co., Ltd

Address:
No.298, 2/F, Tower 1, no. 316, Huaifang west Street, Fengtai District, Beijing, China

 

WHEREAS,

 

(1)
Party A, a company with limited liability duly organized and validly existing under the laws of Bei Jing, provides certain technical
support, strategic consulting and other services to Party D, and currently is a major business partner of Party D;

 

(2)
To finance the investment by Party B and Party C in Party D, Party A has entered into loan agreements (hereafter the "Loan
Agreement" respectively with Party B and Party C on Sep 9 2016, providing Party B and Party C with loans of 1800000 RMB
Yuan and 1200000 RMB Yuan, respectively. Pursuant to the Loan Agreement, Party B and Party C has invested the full amount of the
loans in Party D's registered capital, and each holds 60% and 40% equity interests in Party D, respectively;

 

(3)
To guarantee the payment obligations in the “loan Agreement”, the parties have signed a "equity pledge contract"
(hereinafter referred to as the "pledge contract") on Sep 9, 2016, pledge the respective equity interests in Party D
to party A. As well as

 

(4)
The Parties hereto wish to grant Party A the exclusive purchase option to acquire, at any time upon satisfaction of the requirements
under the PRC law, the entire or a portion of Party D's share equity/assets owned by Party B and/or Party C.

 

NOW
AND THEREFORE, in accordance with the principle of sincere cooperation, mutual benefit and joint development and after friendly
negotiations, the Parties hereby enter into the following agreements pursuant to the provisions of relevant laws and regulations
of the PRC.

 

ARTICLE
1. DEFINITIONS

 

The
terms used in this Agreement shall have the meanings set forth below:

 

1.1
"This Agreement" means this Purchase Option and Cooperation Agreement and all appendices thereto, including written
instruments as originally executed and as may from time to time be amended or supplemented by the Parties hereto through written
agreements;

 

1.2
"The PRC" means, for the purpose of this Agreement, the People's Republic of China, excluding Hong Kong, Taiwan and
Macao

 

1.3
"Date" means the year, month and day. In this Agreement, "within" or "no later than", when used
before a year, month or day, shall always include the relevant year, month or day

 

    	 	2	 

     

    

 

ARTICLE
2. THE GRANT AND EXERCISE OF PURCHASE OPTION

 

2.1
The Parties hereto agree that Party A shall be granted an exclusive purchase option to acquire, at any time upon satisfaction
of the requirements under applicable laws and conditions as agreed in this Agreement (including, without limitation, as under
applicable laws, when Party B and/or Party C cease to be Party D's directors or employees, or Party B and/or Party C attempt to
transfer their share equity in Party D to any party other than the existing shareholders of Party D), the entire or a portion
of Party D's share equity owned by Party B and/or Party C, or the entire or portion of the assets owned by Party D. The purchase
option granted hereby shall be irrevocable during the term of this Agreement and may be exercised by Party A or any eligible entity
designated by Party A.

 

2.2
Party A may exercise the aforesaid purchase option by delivering a written notice to any of Party B, Party C and Party D (the
"Exercise Notice").

 

2.3
Within thirty (30) days of the receipt of the Exercise Notice, Party B, Party C or Party D (as the case may be) shall execute
a share/asset transfer contract and other documents (collectively, the "Transfer Documents") necessary to effect the
respective transfer of share equity or assets with Party A (or any eligible party designated by Party A).

 

2.4
When applicable laws permit the exercise of the purchase option provided Here under and Party A elects to exercise such purchase
option, Party B, Party C and Party D shall unconditionally assist Party A to obtain all approvals, permits, registrations, filings
and other procedures necessary to effect the transfer of relevant share equity or assets.

 

ARTICLE
3. REPRESENTATIONS AND WARRANTIES

 

3.1
Each party hereto represents to the other parties that: (1) it has all the necessary rights, powers and authorizations to enter
into this Agreement and perform its duties and obligations hereunder; and (2) the execution or performance of this Agreement shall
not violate any significant contract or agreement to which it is a party or by which it or its assets are bounded.

 

3.2
Party B and Party C hereto represent to Party A and Party E that: (1).they are both legally registered shareholders of party D
and have paid Party D the full amount of their respective portions of Party D's registered capital required under Chinese law;
(2) neither Party B nor Party C has created any mortgage, pledge, secured interests or other form of debt liabilities over the
Share Equity other than the Pledge created under the Share Pledge Agreement; and (3) neither Party B nor Party C has sold or will
sell to any third party its Share Equity in Party D.

 

3.3
Party D hereto represents to Party A and Party E that: (1) it is a limited liability company duly registered and validly existing
under the PRC law; and (2) its business operations are in compliance with applicable laws of the PRC in all material respect.

 

    	 	3	 

     

    

 

ARTICLE
4. EXERCISE PRICE

 

When
it is permitted by applicable laws, Party A (or any eligible party designated by Party A) shall have the right to acquire,
at any time, all of Party D's assets or its share equity owned by Party B and Party C, at a price equal to the sum of the
principles of the loans from Party A to Party B and Party C under the Loan Agreement (RMB3,000,000). If Party A (or any
eligible party designated by Party A) elects to purchase a portion of Party D's share equity or assets, then the exercise
price for such purpose shall be adjusted accordingly based on the percentage of such share equity or assets to be purchased
over the total share equity or assets. When Party A (or a qualified entity designated by party A) is to acquire all or a
portion of Party D's equity share or assets from Party B and Party C pursuant to this Agreement, Party A has the right to
substitute the principle amounts Party B and Party C respectively owe Party A under the Loan Agreement for the purchase
prices payable to Party B and Party C, respectively. When acquiring share equity or assets from Party B, Party C, or Party D
pursuant to this Agreement, Party A shall pay an actual exercise price based on the exercise price under applicable Chinese
laws or requirements of relevant authorities, if the exercise price under applicable laws or requirements of relevant
authorities is higher than the exercise price under this Agreement.

 

ARTICLE
5. COVENANTS

 

The
Parties further agree as follows:

 

5.1
Before Party A has acquired all the equity/assets of Party D by exercising the purchase option provided hereunder, Party D shall
not:

 

5.1.1
sell, assign, mortgage or otherwise dispose of, or create any encumbrance on, any of its assets, operations or any legal or beneficiary
interests with respect to its revenues (unless such sale, assignment, mortgage, disposal or encumbrance is relating to its daily
operation or has been disclosed to and agreed by Party A in writing);

 

5.1.2
enter into any transaction which may materially affect its assets, liability, operation, equity or other legal rights (unless
such transaction is relating to its daily operation or has been disclosed to and agreed by Party A in writing); and

 

5.1.3
distribute any dividend to its shareholders in any manner.

 

5.2
Before Party A has acquired all the equity/assets of Party D by exercising the purchase option provided hereunder, Party B and/or
Party C shall not individually or collectively:

 

5.2.1
supplement, alter or amend the articles of association of Party D in any manner to the extent that such supplement, alteration
or amendment may have a material effect on Party D's assets, liability, operation, equity or other legal rights (except for pro
rata increase of registered capital mandated by applicable laws);

 

    	 	4	 

     

    

 

5.2.2
cause Party D enter into any transaction to the extent such transaction may have a material effect on Party D's assets, liability,
operation, equity or other legal rights (unless such transaction is relating to Party D's daily operation or has been disclosed
to and agreed by Party A in writing); and

 

5.2.3
cause Party D's board of directors adopt any resolution on distributing dividends to its shareholders.

 

5.3
After the execution of this Agreement, Party B and Party C (the "Principals") shall each execute and deliver a proxy
to the agents (the "Agents") to the satisfaction of Party A to grant the Agents all voting rights as shareholders of
Party D, including without limitations the right to appoint and elect Party D's directors, general manager and other senior officers
in Party D's shareholders meetings. The initial term of such proxies shall be twenty (20) years, and the initial term shall be
renewed automatically upon expiry of the proxies unless Party A notifies the Principals in writing thirty (30) days prior to the
expiry date to terminate the proxies. Such proxies shall be based on the conditions that the Agents are Chinese citizens employed
by Party A or Party E and shall be subject to Party A's consent. Once the Agents cease to be employed by Party A or Party A delivers
a written notice to the Principals requesting the proxies to be terminated, the Principals shall revoke the relevant proxy immediately
and grant the same rights as provided in the proxies to other PRC citizens employed and designed by Party A. The Agents have agreed
to act with due care and diligence in exercising their rights under the proxies and indemnify and keep the Principals harmless
from any loss or damages caused by any action in connection with exercise of their rights under the proxies (unless any loss or
damage is caused by the Principals' own intentional or material negligent actions).

 

5.4
Party B and Party C shall, to the extent permitted by applicable laws, cause Party D's operational term to be extended to equal
the operational term of Party A.

 

5.5
Party A shall provide or arrange other parties to provide financings to Party D to the extent Party D needs such financing to
finance its operation. In the event that Party D is unable to repay such financing due to its losses, Party A shall waive or cause
the relevant parties to waive all recourse against Party D with respect to such financing.

 

5.6
To the extent Party B and/or Party C are subject to any legal or economic liabilities to any institution or individual other than
Party A or Party E as a result of performing their obligations under this Agreement or any other agreements between them and Party
A or Party E, Party E shall provide all support necessary to enable Party B and/or Party C to duly perform their obligations under
this Agreement and any other agreements and to hold Party B and/or Party C harmless against any loss or damage caused by their
performance of obligations under such agreements.

 

    	 	5	 

     

    

 

ARTICLE
6. CONFIDENTIALITY

 

Each
Party shall keep confidential all the content of this Agreement. Without the prior consent of all Parties, no Party shall disclose
any content of this Agreement to any other party or make any public announcements with respect to any content of this Agreement.
Notwithstanding the forgoing provisions of this Article 6, the following disclosure shall be permitted: (i) disclosure made pursuant
to any applicable laws or any rules of any stock exchange; (ii) disclosure of information which has become public information
other than due to any breach by the disclosing party; (iii) disclosure to any Party's shareholders, legal counsel, accountants,
financial advisors or other professional advisors, or (iv) disclosure to any potential purchasers of a Party or its shareholders'
equity/assets, its other investors, debts or equity financing providers, provided that the receiving party of confidential information
has agreed to keep the relevant information confidential (such disclosure shall be subject to the consent of Party A in the event
that Party A is not the potential purchaser).

 

ARTICLE
7. APPLICABLE LAW AND EVENTS OF DEFAULT

 

The
execution, effectiveness, interpretation, performance and dispute resolution of this Agreement shall be governed by the laws of
the PRC.

 

Any
violation of any provision hereof, incomplete performance of any obligation provided hereunder, any misrepresentation made hereunder,
material concealment or omission of any material fact or failure to perform any covenants provided hereunder by any Party shall
constitute an event of default. The defaulting Party shall assume all the legal liabilities pursuant to the applicable laws.

 

ARTICLE
8. DISPUTE RESOLUTION

 

8.1
Any dispute arising from the performance of this Agreement shall be first subject to the Parties' friendly consultations. In the
event any dispute cannot be solved by friendly consultations, the relevant dispute shall be submitted for arbitration;

 

8.2
The arbitration shall be administered by the Beijing branch of China International Economic and Trade Arbitration Commission in
accordance with the then effective arbitration rules of the Commission.

 

8.3
The arbitration award shall be final and binding on the Parties. The costs of the arbitration (including but not limited to arbitration
fee and attorney fee) shall be borne by the losing party, unless the arbitration award stipulates otherwise.

 

ARTICLE
9. EFFECTIVENESS

 

This
Agreement shall be effective upon the execution hereof by all Parties hereto and shall remain effective thereafter.

 

This
Agreement may not be terminated without the unanimous consent of all the Parties except Party A may, by giving a thirty (30) days
prior notice to the other Parties hereto, terminate this Agreement.

 

    	 	6	 

     

    

 

ARTICLE
10. AMENDMENT

 

All
Parties hereto shall fulfill their respective obligations hereunder. No amendment to this Agreement shall be effective
unless such amendment has been agreed by all of the Parties and Party A and Party D have obtained necessary authorization and
approvals with respect to such amendment (including the approval that Party A must obtain from the audit committee or other
independent body established under the Sarbanes-Oxley Act, the NASDAQ Rules under the board of directors of its overseas
holding company - China Finance Online Co., Limited).

 

ARTICLE
11. COUNTERPARTS

 

This
Agreement is executed in five (5) counterparts. Party A, Party B, Party C, Party D and Party E shall each hold one counterpart.

 

ARTICLE
12. MISCELLANEOUS

 

12.1
Party B and Party C's obligations, covenants and liabilities to Party A hereunder are joint and several, and Party B and Party
C shall assume joint and several liabilities with respect to such obligations, covenants and liabilities. With respect to Party
A, a default by Party B shall automatically constitute a default by Party C, and vice versa;

 

12.2
The title and headings contained in this Agreement are for convenience of reference only and shall not in any way affect the meaning
or interpretation of any provision of this Agreement;

 

12.3
The Parties may enter into supplementary agreements to address any issue not covered by this Agreement. The supplementary agreements
so entered shall be an appendix hereto and shall have the same legal effect as this Agreement.

 

[execution
page only]

 

Party
A: Beijing CFO Glory Technology Co., Ltd.

[COMPANY
SEAL]

 

Authorized
Representative (Signature): [  ]

 

Party
B: MENG HAN

(Signature):

 

Party
C: LU WENJING

(Signature):

 

Party
D: Zhongheng Xintai(Beijing) Assets Management Co., Ltd

[COMPANY
SEAL]

 

Authorized
Representative (Signature):

 

 

7Exhibit 4.143

 

SHARE
PLEDGE AGREEMENT

 

This
Share Pledge Agreement (this “Agreement”) is executed by and among the following parties on September 9,
2016.

 

PLEDGOR
A:          MENG HAN

ADDRESS:
            17/F, Tower A, Fuzhuo Tower, Xuanwu gate Street,
Xicheng District, Beijing, China

 

PLEDGOR
B:           LU WENJING

ADDRESS:
            17/F, Tower A, Fuzhuo Tower, Xuanwu gate Street,
Xicheng District, Beijing, China

 

PLEDGEE:
Beijing CFO Glory Technology Co., Ltd. (“CFO Glory”)

REGISTERED
ADDRESS: Room 1708, Tower A, Fuzhuo Tower, Xuanwu gate Street, Xicheng District, Beijing, China

 

Unless
otherwise provided hereunder, Pledgor A and Pledgor B shall hereinafter be referred to collectively as the
“Pledgors”.

 

WHEREAS:

 

1.
MENG HAN, Pledgor A, and LU WENJING, Pledgor B, are both citizens of the People’s Republic of China (the “PRC”), and
each holds 60% and 40% interests in Zhongheng Xintai(Beijing) Assets Management Co., Ltd (the target company), respectively. The
target company is a company registered in Beijing, PRC.

 

2.
Pledgee is a wholly foreign-own enterprise registered in Beijing, PRC, with approvals from the relevant PRC authorities to engage
in the business of, among others, internet technology consulting and technology services. The target company and Pledgee have
entered into the agreements (collectively, the “Service Agreements”).

 

3.
To secure the fees payable under the Service Agreements (the “Service Fee”) from the target company to Pledgee, Pledgors
hereby pledge their respective interests in the target company to Pledgee.

 

Pursuant
to the provisions of the Service Agreements, Pledgors and Pledgee have agreed to enter into this Agreement according to the following
terms and conditions.

 

ARTICLE
1. DEFINITIONS

 

Unless
otherwise provided herein, the terms below shall have the following meanings:

 

1.1
“Pledge Rights” means the rights set forth in Article 2 of this Agreement.

 

1.2
“Share Equity” means the equity interest held by Pledgors in the target company.

 

     

     

    

 

1.3
“Pledged Property” means the share interest and the dividends deriving therefrom pledged by Pledgors to Pledgee under
this Agreement.

 

1.4
“Secured Indebtedness” means all the amounts payable by the target company to Pledgee under the Service Agreements,
including the Service Fee and interests accrued thereon, liquidated damages, compensations, costs and expenses incurred by
Pledgee in connection with collection of such fees, interest, damages and compensations, and losses incurred to Pledgee as a
result of any default by the target company and other expenses payable under the Service Agreements.

 

1.5
“Term of Pledge” means the term stated in Section 4.1 of this Agreement.

 

1.6
“Service Agreements” means all the agreements entered into by the target company and Pledgee, including but not
limited to Strategy Consulting Services Agreement, Technical Support Agreement and Equipment Rent Agreement.

 

1.7
“Event of Default” means any event set forth in Article 8 of this Agreement.

 

1.8
“Notice of Default” means the notice issued by Pledgee in accordance with this Agreement declaring an Event of Default.

 

ARTICLE
2. PLEDGE RIGHTS

 

2.1
Pledgors hereby pledge to Pledgee all of their Share Equity in the target company to secure the Secured Indebtedness of the target
company. Pledge Rights shall mean Pledgee’s priority right in receiving compensation from the sale or auction proceeds of the
Pledged Property (including the dividends generated by the Share Equity during the term of this Agreement).

 

ARTICLE
3. SCOPE OF PLEDGE SECURITY

 

3.1
The scope of pledge security hereunder shall cover all of the Secured Indebtedness, including all the Service Fee and interest
accrued thereon, liquidated damages, compensation, costs and expenses incurred by Pledgee to collect such fee, interests, damages
and compensation, and losses incurred to Pledgee as a result of any default by the target company and all other expenses payable
under the Service Agreements.

 

ARTICLE
4. TERM OF PLEDGE AND REGISTRATION

 

4.1
This Agreement shall become effective on the date when the Pledge hereunder is registered in the Shareholders’ List of the target
company. The term of the Pledge shall be the same as the term of the Strategy Consulting Services Agreement (should the term of
the Strategy Consulting Services Agreement be extended, the term of the Pledge shall be extended accordingly). Pledgors shall
cause the target company to register the Pledge hereunder in its Shareholders’ List within three (3) days after this Agreement
is executed.

 

4.2
In the event that any change of the matters registered in the target company’s Shareholders’ List is required as a result of change
of any matters relating to the Pledge, Pledgors and Pledgee shall cause the matters registered in the target company’s Shareholders’
List be changed accordingly within fifteen (15) days after such change takes place.

 

    	 	2	 

     

    

 

ARTICLE
5. CUSTODY OF CERTIFICATES

 

Pledgors
shall deliver to Pledgee the capital contribution certificates with respect to their interest in the target company and the target
company’s Shareholders’ List within seven (7) days after this Agreement is executed.

 

ARTICLE
6. REPRESENTATIONS AND WARRANTIES OF PLEDGORS

 

6.1
Pledgors are legally registered shareholders of the target company and have paid the target company the full amount of their respective
portions of the target company’s registered capital required under Chinese law. Pledgors neither have sold nor will sell to any
third party their Share Equity in the target company.

 

6.2
Pledgors fully understand the contents of the Service Agreements and haveentered into this Agreement voluntarily. The signatories
signing this Agreement on behalf of Pledgors have the rights and authorizations to do so.

 

6.3
All documents, materials and certificates provided by Pledgors to Pledgee hereunder are correct, true, complete and valid.

 

6.4
When Pledgee exercises its right hereunder in accordance with this Agreement, there shall be no intervention from any other parties.

 

6.5
Pledgee shall have the right to dispose of and transfer the Pledge Rights in accordance with the provisions hereof.

 

6.6
Pledgors have not created any mortgage, pledge, secured interests or other form of debt liabilities over the Share Equity other
than the Pledge created hereunder.

 

ARTICLE
7. COVENANTS OF PLEDGORS

 

7.1
For the benefit of Pledgee, Pledgors hereby make the following covenants, during the term of this Agreement:

 

7.1.1
without the prior written consent of Pledgee, Pledgors shall not transfer the Share Equity, or create or consent to any
creation of any pledge over, the Share Equity that may affect Pledgee’s rights and interests hereunder, or cause the
shareholders’ meetings of the target company to adopt any resolution on sale, transfer, pledge or in other manner disposal of
the Share Equity or approving the creation of any other security interest on the Share Equity, provided that the Share Equity
may be transferred to Pledgee or any party designated by Pledgee according to Purchase Option and Cooperation Agreement dated
Aug 1, 2016 among Pledgee, Pledgors, China Finance Online Co., Ltd. and the target company and Pledgors may transfer the
Share Equity to China Finance Online Co., Ltd. or to each other to the extent such transfer will not effect Pledgee’s
interest (the transferring Pledgor shall deliver a prior notice to Pledgee before making the transfer).

 

    	 	3	 

     

    

 

7.1.2
Pledgors shall comply with all laws and regulations applicable to the Pledge. Within five (5) days of receipt of any notice, order
or recommendation issued or promulgated by competent government authorities relating to the Pledge, Pledgors shall deliver such
notice, order or recommendation to Pledgee, and shall comply with the same, or make objections or statements with respect to the
same upon Pledgee’s reasonable request or with Pledgee’s consent.

 

7.1.3
Pledgors shall promptly notify Pledgee of any event or notice received by Pledgors that may have a material effect on
Pledgee’s rights in the Pledged Property or any portion thereof, as well as promptly notify Pledgee of any change to any
warranty or obligation of Pledgors hereunder, or any event or notice received by Pledgors that may have a material effect to
any warranty or obligation of the Pledgors hereunder.

 

7.2
Pledgors warrant that Pledgee’s exercise of the Pledge Rights as pledgee pursuant to this Agreement shall not be interrupted or
impaired by Pledgors or any successors or representatives of Pledgors or any other parties through any legal proceedings.

 

7.3
Pledgors hereby warrant to Pledgee that, to protect or perfect the security interest created by this Agreement to secure the Secured
Indebtedness, Pledgors will execute in good faith, and cause other parties who have an interest in the Pledge Rights to execute,
all certificates of rights and instruments as requested by Pledgee, and/or take any action, and cause other parties who have an
interest in the Pledge Rights to take any action, as requested by Pledgee, and facilitate the exercise by Pledgee of its rights
and authority provided hereunder, and execute all amendment documents relating to certificates of Share Equity with Pledgee or
its designated person(s) (natural persons/legal persons), and shall provide Pledgee, within a reasonable period of time, with
all notices, orders and decisions regarding the Pledge Rights requested by Pledgee. Pledgors hereby warrant to Pledgee that, for
Pledgee’s benefit, Pledgors shall comply with all warranties, covenants, agreements, representations and conditions provided hereunder.
In the event that Pledgors fail to comply with or perform any warranties, covenants, agreements, representations and conditions,
Pledgors shall indemnify Pledgee for all of its losses resulting therefrom.

 

ARTICLE
8. EVENTS OF DEFAULT

 

8.1
Each of the following events shall constitute an Event of Default:

 

8.1.1
the target company fails to pay in full any Secured Indebtedness on time;

 

    	 	4	 

     

    

 

8.1.2
Any representation or warranty made by Pledgors under Article 6 of this Agreement is misleading or untrue, or Pledgors have violated
any of the warranties in Article 6 of this Agreement;

 

8.1.3
Pledgors breach any of the covenants in Article 7 of this Agreement;

 

8.1.4
Pledgors breach any other provisions of this Agreement;

 

8.1.5
Pledgors give up all or any part of the Pledged Property, or transfer all or any part of the Pledged Property without the written
consent of Pledgee (except the transfers permitted hereunder);

 

8.1.6
Any of Pledgors’ loans, guarantees, indemnification, commitment or other indebtedness to any third party (1) have been subject
to a demand of early repayment due to an event of default; or (2) have become due but failed to be repaid in a timely manner,
thus leading Pledgee to believe that Pledgors’ ability to perform their obligations under this Agreement has been impaired;

 

8.1.7
Pledgors are unable to repay any other material debts;

 

8.1.8
Any applicable laws have rendered this Agreement illegal or made it impossible for Pledgors to continue to perform their obligations
hereunder;

 

8.1.9
All approvals, licenses, permits or authorizations from government agencies that make this Agreement enforceable, legal and effective
have been withdrawn, terminated, invalidated or substantively revised;

 

8.1.10
Any adverse change has taken place to any properties owned by Pledgors, which leads Pledgee to believe that Pledgors’ ability
to perform their obligations under this Agreement has been affected;

 

8.1.11
The successor or trustee of the target company is only able to partially perform or refuses to perform the payment obligations
under the Service Agreements;

 

8.1.12
Any breach of other provisions of this Agreement resulting from any action or omission by Pledgors; and

 

8.1.13
Any other event whereby Pledgee is unable to exercise its right with respect to the Pledge hereunder pursuant to relevant laws.

 

8.2
Pledgors shall immediately notify Pledgee in writing of any event set forth in Section 8.1 or any circumstance which many lead
to any such event as soon as Pledgors know or are aware of such event.

 

    	 	5	 

     

    

 

8.3
Unless an Event of Default set forth in this Section 8.1 has been resolved to the satisfaction of Pledgee, Pledgee may, upon the
occurrence of an Event of Default or at any time thereafter, issue a Notice of Default to Pledgors in writing and demand that
Pledgors to immediately pay all the amounts due under the Service Agreements and all other amounts payable due to Pledgee, or
exercise Pledge Rights in accordance with the provisions of this Agreement.

 

ARTICLE
9. EXERCISE OF PLEDGE RIGHTS

 

9.1
Prior to the full payment of Secured Indebtedness under the Service Agreements, Pledgors shall not assign, or in any manner dispose
of, the Pledged Property without Pledgee’s written consent.

 

9.2
Pledgee shall issue a Notice of Default to Pledgors when exercising the Pledge Rights.

 

9.3
Subject to the provisions of Section 8.3, Pledgee may exercise the right to dispose of the Pledged Property concurrently with
the issuance of the Notice of Default in accordance with Section 8.3 or at any time after the issuance of the Notice of Default.

 

9.4
Pledgee shall have the right to dispose of the Pledged Property under this Agreement in part or in whole in accordance with legal
procedures (including but not limited to negotiated transfer, auction or sale of the Pledged Property) and receive a priority
payment from the proceeds of the Pledged Property until all of the Secured Indebtedness have been fully repaid.

 

9.5
When Pledgee exercises its rights under the Pledge in accordance with this Agreement, Pledgors shall not create any impediment,
and shall provide necessary assistance to enable Pledgee to exercise the Pledge Rights.

 

ARTICLE
10. ASSIGNMENT

 

10.1
Without Pledgee’s prior consent, Pledgors cannot give away or assign to any party their rights and obligations under this Agreement.

 

10.2
This Agreement shall be valid and binding on each Pledgor and their respective successors.

 

10.3
Pledgee may assign any and all of its rights and obligations under the Service Agreements to its designated person(s) (natural/legal
persons) at any time, in which case the assignees shall have the rights and obligations of Pledgee under this Agreement, as if
it were a party to this Agreement.

 

10.4
In the event that the Pledgee changes due to any transfer permitted hereunder, the new parties to the Pledge shall execute a new
pledge agreement.

 

    	 	6	 

     

    

 

ARTICLE
11. TERMINATION

 

This
Agreement shall be terminated when the Secured Indebtedness has been fully repaid and the target company is no longer obliged
to undertake any obligations under the Service Agreements. In this circumstance, Pledgee shall cancel or terminate this Agreement
as soon as reasonably practicable.

 

ARTICLE
12. HANDLING FEES AND OTHER EXPENSES

 

12.1
All fees and out of pocket expenses relating to this Agreement, including but not limited to legal fees, cost of documentation,
stamp duty and any other taxes and fees, shall be borne by Pledgors. In the event that the law requires Pledgee to pay any taxes,
Pledgors shall reimburse Pledgee for such taxes paid by Pledgee.

 

12.2
In the event that Pledgors fail to pay any taxes or fees in accordance with the provisions of this Agreement, or due to any other
reasons, Pledgee has to recover such taxes and fees payable by Pledgors through any means or in any manner, all costs and expenses
(including but not limited to all the taxes, handling fees, management fees, cost of litigation, attorney’s fees and insurance
premiums) resulting therefrom shall be borne by Pledgors.

 

ARTICLE
13. FORCE MAJEURE

 

13.1
In the event that the performance of this Agreement is delayed or impeded by “an event of force majeure”, the
party affected by such event of force majeure shall not be liable for any liability hereunder with respect to the part of
performance being delayed or impeded. “An event of force majeure” means any event beyond the reasonable control
of the effected party and cannot be avoided even if the affected party has exercised reasonable care, which include but not
limited to government actions, acts of God, fire, explosions, geographic changes, storms, flood, earthquakes, tides,
lightning and war. Notwithstanding the foregoing, a lack of credit, funds or financing shall not be deemed as a circumstance
beyond the reasonable control of an effected party. The party affected by “an event of force majeure” and seeking
to relieve the performance liability under this Agreement or any provisions thereof shall notify the other party of its
intention for seeking such relief and the measures it will take to reduce the impact of the force majeure as soon as
possible.

 

13.2
The party affected by force majeure shall not be liable for any liability with respect to the part of performance being delayed
or impeded if the effected party has taken reasonable efforts to perform this Agreement. As soon as the course of such relief
is eliminated, the Parties shall use their best efforts to resume the performance of this Agreement.

 

    	 	7	 

     

    

 

ARTICLE
14. RESOLUTION OF DISPUTES

 

14.1
This Agreement shall be governed by and construed according to the laws of PRC.

 

14.2
In the event of any dispute with respect to the construction and performance of the provisions of this Agreement, the parties
shall first try to resolve the dispute through friendly consultations. Upon failure of such consultations, any party may submit
the relevant disputes to the China International Economic and Trade Arbitration Commission for arbitration in accordance with
its then effective arbitration rules. The arbitration shall be administered in Beijing and the language used for the arbitration
shall be Chinese. The arbitration award shall be final and binding on all parties.

 

ARTICLE
15. NOTICES

 

Notices
sent by the parties hereto shall be in writing (“in writing” shall include facsimiles and telexes). If sent by hand,
such notice shall be deemed to have been delivered upon actual delivery; if sent by telex or facsimile, such notice shall be deemed
to have been delivered at the time of transmission. If the date of transmission is not a business day or if transmission is after
working hours, then the next business day shall be deemed as the date of delivery. The address of delivery shall be the addresses
of the Parties stated on the first page of this Agreement or addresses notified in writing at any time after this Agreement is
executed.

 

ARTICLE
16. AMENDMENTS, TERMINATION AND CONSTRUCTION

 

16.1
No amendment to this Agreement shall be effective unless such amendment has been agreed by all of the Parties and Party A and
Party D have obtained necessary authorization and approvals with respect to such amendment (including the approval that Party
A must obtain from the audit committee or other independent body established according to the Sarbanes-Oxley Act and the NASDAQ
Rules under the board of directors of its overseas holding company -- China Finance Online Co., Limited).

 

16.2
The provisions to this Agreement are severable from each other. The invalidity of any provision hereof shall not effect the validity
oriienforceability of any other provision hereof.

 

ARTICLE
17. EFFECTIVENESS AND OTHERS

 

17.1
This Agreement shall take effect upon satisfaction of the following conditions:

 

(1)
This Agreement has been executed by all parties hereto; and

(2)
Pledgors have recorded the Pledge hereunder in the Shareholders’ List of the target company.

 

17.2
This Agreement is written in Chinese in three counterparts. Each of the Parties shall hold one counterpart.

 

    	 	8	 

     

    

 

IN
WITNESS WHEREOF, the parties have caused this Agreement executed by their duly authorized representatives in Beijing on the date
first above written.

 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

 

[execution
page only]

 

Pledgor
A: MENG HAN

 

		 
	Signature:	 

Pledgor
B: LU WENJING

 

		 
	Signature:	 

Pledgee:
Beijing CFO Glory Technology Co., Ltd.

[COMPANY
SEAL]

 

Authorized
representative:

 

9

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