Document:

exh_4111.htm

Exhibit 4.111

 

 

 Reorganization Framework Agreement

 

TABLE OF CONTENTS

 

	
ARTICLE 1

	
REORGANIZATION OBJECTIVES AND PRINCIPLES

	
3

	
1.1

	
The Reorganization Objectives of Newrand and East Win

	
3

	
1.2

	
The Reorganization Objectives of Cowboy

	
3

	
1.3

	
Reorganization Principles

	
3

	
ARTICLE 2

	
REORGANIZATION STEPS AND CLOSING

	
3

	
2.1

	
Execution of Relevant Documents

	
3

	
2.2

	
Change of Registration

	
3

	
2.3

	
Transitional Arrangement

	
4

	
ARTICLE 3

	
CONFIDENTIALITY

	
4

	
ARTICLE 4

	
BREACH AND LIABILITIES

	
4

	
4.1

	
Default

	
4

	
4.2

	
LIABILITIES FOR BREACH OF CONTRACT

	
4

	
ARTICLE 5

	
GOVERNING LAW AND DISPUTE SETTLEMENT

	
5

	
5.1

	
Governing Law

	
5

	
5.2

	
Dispute Settlement

	
5

	
ARTICLE 6

	
MISCELLANEOUS

	
5

	
6.1

	
Effectiveness

	
5

	
6.2

	
Termination and Consequence

	
5

	
6.3

	
Amendment

	
6

	
6.4

	
Counterparts

	
6

 

 

1

 

This Reorganization Framework Agreement ("Agreement") is entered into on June 1, 2014 in Beijing, China by and among the following Parties (individually as “Party” and collectively as "Parties" hereinafter):

 

 

Party A: China Finance Online Co. Limited

 

Domicile: Gloucester Tower, The Landmark, Queen's Road Central, Central District, Hong Kong

 

 

Party B: Shanghai Excellence Advertising Co., Ltd.

 

Legal Representative: Ma Yong

 

Address: Room 108, #58 Building, No.58 Baozhen South Road (Shanghai Baozhen Industrial Park), Chongming, Shanghai

 

 

Party C: MaYong

 

ID Card No.: 37012219710220387X

 

 

WHEREAS:

 

	
(1)  

	
Giant Bright International Holdings Limited(“Giant”)is incorporated in British Virigin Islands. Giant indirectly holds, through the investment arrangement, 100% equity interest of Shenzhen Newrand Securities Advisory and Investment Co., Ltd ("Newrand"), and indirectly holds 100% equity interest of East Win Investment Consulting Co., Ltd ("East Win"). Party A and Hadevan Investment Co., Ltd (Hadevan) each hold 80% and 20% equity interest of Giant, respectively; Party D holds 100% equity interest of Hadevan.

 

	
(2)  

	
Beijing Cowboy Network Technology Co., Ltd ("Cowboy") is a limited liability company established in China, whose shareholder structure is as follows: East Win holds 5% equity interest, Beijing Zhongcheng Futong technology Co., Ltd ("Zhongcheng Futong") holds 5% equity interest, Fortune Xinying technology (Beijing) Co., Ltd ("Fortune Xinying") holds 90% equity interest.

 

	
(3)  

	
Now, the Parties and their affiliates intend to further optimize and reorganize the equity structure of relevant companies mentioned above ("Reorganization");

 

Therefore, the Parties hereby enter into this Agreement regarding the principles, method, consideration and relevant matters of Reorganization, through friendly consultations and based on true declaration of will, with the terms and conditions as follows:

 

 

2

 

ARTICLE 1                      REORGANIZATION OBJECTIVES AND PRINCIPLES

 

1.1 The Reorganization Objectives of Newrand and Chongqing East Win

 

	
1.1.1  

	
Newrand and East Win will be reorganized, after which Party A shall indirectly hold 100% equity interest of Shenzhen Newrand Securities Advisory and Investment Co., Ltd and Party C shall indirectly hold 100% equity interest of East Win Investment Consulting Co., Ltd.

 

1.2 The Reorganization Objectives of Cowboy

 

	
1.2.1  

	
Party C shall coordinate the equity interest of Cowboy, so that 5.1% of which may be voluntarily transferred from Fortune Xinying to Zhongcheng Futong without any consideration.

 

	
1.2.2  

	
After the transfer, Zhongcheng Futong shall hold 10.1% equity interest, Fortune Xinying shall hold 84.9% equity interest and Chongqing East Win shall hold 5% equity interest

 

1.3 Reorganization Principles

 

	
1.3.1  

	
Each Party hereby acknowledges and agrees that the reorganization arrangements hereunder are unanimously accepted by the Parties through equal consultation and based on their true will. Each Party shall (and shall procure its affiliates to) make best efforts to fulfill the reorganization objectives set forth herein.

 

	
1.3.2  

	
Each Party shall coordinate and cooperate with each other based on the principles of reliance and responsibility, so as to lay a good foundation for future development and cooperation.

 

ARTICLE 2                      REORGANIZATION STEPS AND CLOSING

 

2.1                Execution of Relevant Documents

After this Agreement is entered into, each Party shall procure its affiliates involved in the Reorganization to actively cooperate with each other, and to execute all documents required for the Reorganization according to the terms, conditions and principles stipulated herein as soon as reasonably possible.

 

2.2              Change of Registration

 

After the documents mentioned above are duly executed, each Party shall procure its affiliates involved in the Reorganization to actively cooperate with each other, and to complete the change of registration and title transfer formalities with competent government authorities (including but limited to administration for industry and commerce, radio, film and TV administrative authority and telecommunication administrative authority) required for the Reorganization as soon as reasonably possible, so as to fulfill the reorganization objectives set forth herein.

 

 

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2.3              Transitional Arrangement

 

2.3.1         Before the change of registration with respect to all equity transfers hereunder are completed, each Party shall not (and shall procure its affiliates not to):

 

	
(1)  

	
Sell, pledge, transfer or otherwise dispose of any equity interest which it will transfer hereunder but is still owned by the company whose operation and management is under its control, unless it is for the performance of this Agreement.

 

ARTICLE 3                      CONFIDENTIALITY

 

Each Party shall take appropriate measures to strictly keep confidentiality of all materials and information relating to execution and performance of this Agreement, and shall not disclose such materials or information to any third party (other than the professional institutions employed with the consent of the Parties and the government authorities) without the written consent of the other Parties. Each Party shall procure its employees to keep confidentiality of the trade secrets of the other Parties received or accessed to during the performance of this Agreement, and no employee of any Party may use such confidential information for any purpose other than the cooperation projects or disclose such confidential information during his performance of duties without the consent of the other Parties.

 

ARTICLE 4                      BREACH AND LIABILITIES

 

4.1                Default

 

If any Party or its affiliate involved in the Reorganization fails to perform, fulfill or properly perform any obligation hereunder, or violates any provision hereof, whether by action or inaction, it shall be deemed as a breach (and the party breaches this Agreement is hereinafter referred to as "Breaching Party").

 

4.2              LIABILITIES FOR BREACH OF CONTRACT

 

4.2.1         The Breaching Party shall indemnify the other Parties against all actual losses, damages, expenses and liabilities resulting from its Breach. If the Parties all have certain fault, the liabilities and losses shall be allocated among them as per the actual circumstances. For avoidance of doubt, the Breaching Party at all events is not required to indemnify the other Parties against any indirect or consequential losses or damages or any profit loss resulting from such Breach.

 

4.2.2         Cross-Default Event

 

The Party hereby acknowledges and agrees that where any Party or its affiliate breaches any main document listed in Article 2.1 above or any other relevant transaction document, it shall be deemed as a breach of such Party hereunder.

 

 

4

 

ARTICLE 5                      GOVERNING LAW AND DISPUTE SETTLEMENT

 

5.1              Governing Law

 

The formation, performance and interpretation of this Agreement shall be governed by the currently effective laws of China.

 

5.2              Dispute Settlement

 

         Any dispute or claim arising from or in connection with the interpretation, breach, termination or validity of this Agreement shall be first settled by the Parties through friendly consultation. In case of any dispute, a Party shall immediately negotiate with the other Party upon receiving a written request from any other Party for consultation. If no settlement can be reached through consultation within thirty (30) days, any Party may submit the dispute to China International Economic and Trade Arbitration Commission for arbitration in Beijing according to its arbitration rules. The arbitral award shall be final and binding on both Parties.

 

ARTICLE 6                              MISCELLANEOUS

 

6.1              Effectiveness

 

6.1.1                  This Agreement shall become effective as of being duly executed by the authorized representatives of the Parties. The Reorganization contemplated herein shall be formally launched and effected as of June 1, 2014.

 

6.1.2                  The purpose of this Agreement is to set forth the principles in respect of the Transactions accepted by the Parties. The Parties shall negotiate and execute certain specific legal documents relating to the Transaction according to the principles set forth herein.

 

6.1.3                  The specific legal documents executed by the Parties and their affiliates subsequently shall not go beyond the framework of principles set forth herein. Any term or condition of any specific legal document conflicts with the provisions hereof shall be invalid.

 

6.2              Termination and Consequence

 

6.2.1                  This Agreement may be terminated if all Parties agree so through consultation.

 

6.2.2                  Termination of any specific transaction document will not affect any right or obligation of any party accrued or accumulated before the termination, including the obligation of the Party to other Parties accrued or accumulated under the transaction document and the applicable laws, or right of the Party against other Parties or any Party under the transaction document. The termination will not affect the provisions which shall survive after the termination according to the explicit or implied provision of such transaction document.

 

6.2.3                  Article 3 (Confidentiality), Article 4 (Default and Liabilities), Article 5 (Governing Law and Dispute Settlement) and Article 6 (Miscellaneous) of this Agreement shall survive after the termination of this Agreement or any other transaction document.

 

 

5

 

6.3              Amendment

 

Any amendment, supplementation or change to this Agreement shall not be valid and binding unless the same is agreed and signed by the authorized representatives of the Parties in written.

 

6.4              Counterparts

 

This Agreement shall be made and executed in three originals, one for each Party and each being of equal authenticity.

 

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(SIGNATURE PAGE, NO TEXT CONTAINED IN THIS PAGE)

 

IN WITNESS WHEREOF, the Parties have caused their respective duly authorized representatives to execute this Agreement on the date and in the place indicated first above.

 

Party A: China Finance Online Co. Limited

 

(Seal)

 

Legal Representative or Authorized Representative (Signature): ____________

 

 

Party B: Shanghai Excellence Advertising Co., Ltd.

 

(Seal)

 

Legal Representative or Authorized Representative (Signature): ____________

 

 

Party C: Ma Yong

 

(Signature): ________________

 

 

 

7exh_4112.htm

Exhibit 4.112

 

CITIC Securities-China Finance Online

Business Cooperation Framework Agreement

Party A: CITIC Securities Co.Ltd

Legal Representative: Wang Dongming

Address: North Tower, Times Square Excellence (Phase II), No.8, Zhongxin 3 Road, Futian District,Shenzhen, Guangdong Province

Tel: (010) 60837233

Fax: (010) 60833739

Party B: China Finance Online Co., Ltd

Legal Representative: Zhao Zhiwei

Address: 13/F GLOUCESTER TOWER THE LANDMARK 15 QUEEN’S ROAD CENTRAL HK

Tel: (010) 58325389

Fax: (010) 58325200

Party A, CITIC Securities Co. Ltd, is a comprehensive securities corporation approved by China Securities Regulatory Commission (CSRC). Party A and its affiliates have various financial products, services and businesses as well as the core financial support system, and is committed to providing convenient, fast and safe financial services to customers.

Party B, China Finance Online Co., Ltd, is a duly established corporate entity and listed on NASDAQ, which owns www.jrj.com, a professional and high-end finance comprehensive new media platform, and www.stockstar.com, and a vertical finance portal gathering professional investors and holding the flow advantage-www.stockstar.com, (collectively "Party B`s Website"); Party A and Party B, based on the principles of complementary advantages and reciprocity, and through friendly consultation, hereby enter into this Framework Cooperation Agreement regarding the research and cooperation on internet financial products for mutual compliance.

 

Article 1: Purpose, Objectives and Principle of the Cooperation

For the purpose of providing high-grade, innovative and convenient services to customers and following the principle of honesty and trustworthy, the Parties hereby conduct long-term, comprehensive and deep cooperation on internet business and devote themselves to becoming the model of deep cooperation on internet finance on the basis of equality, friendly and mutually beneficial.

 

Article 2 SCOPE AND CONTENT OF COOPERATION

2.1 Guiding Customers: [On www.jrj.com and www.stockstar.com, Party B will embed a link to CITIC Securities’ online account opening system and guide customers to open CITIC Securities account (including but not limited to stock account, wealth management account and fund account. In addition, both parties will gradually probe into and optimize ways to guiding on www.jrj.com and www.stockstar.com, in order to furnish the best customer experience.]

 

 

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1.2 Securities Transaction Interfacing Cooperation: [After the identity of users (or investors) at www.jrj.com and www.stockstar.com are verified, the verified accounts of users may be bound with their own accounts opened with CITIC Securities. After the accounts are bound, users may access to CITIC Securities transaction system via the transaction web page provided on www.jrj.com and www.stockstar.com to trade securities and purchase wealth management and service products provided by CITIC Securities.]

 

Article 3 Time of Implementation and Allocation of Responsibility

3.1 Time of Implementation Upon the consensus of the Parties, the cooperation work group and communication mechanism shall be immediately established after the execution hereof, and the specific details of the cooperation hereunder shall be discussed.

3.2 Allocation of Responsibility Both parties shall assume respective responsibilities and perform duties in accordance with this Agreement. In the meantime, the Parties shall comply with this Agreement, treat each other as a partner and contribute full support and assistance on the cooperation of business.

 

Article 4 Cooperation Mechanism

4.1 The Parties agree that the meetings for communication and coordination shall be held periodically, which aims to obtain relevant dynamic information, analyze and solve problems, summarize experience and lessons, decide material matters and discuss the direction of development and progress, and therefore to form the long-term effective mechanism to provide secure system to the efficient, effective and continuous cooperation of the Parties.

4.2 Commercial Strategy The Parties shall jointly confirm and prepare the overall objectives of the cooperation program.

4.3 Supervision of the Program The Parties shall jointly ensure the management group of the program to perform their duties towards the objectives. The Parties shall jointly ensure the implementation of changes required by laws and regulatory rules.

4.4 Development of Cooperation The Parties shall timely adjust the content of cooperation and actively solve or coordinate the problems based on the changes on business environment.

4.5 Execution of Special Cooperation Agreement The Parties respectively authorize their related department to discuss the details of the cooperation and execute the special cooperation agreement in accordance with the provisions hereof, the specific content of cooperation and procedures of operation in which shall be determined otherwise and be based on this Agreement.

 

Article 5 CONFIDENTIALITY

5.1 Content and Scope of Confidentiality.

5.1.1 Content and scope of confidentiality obligation to be complied with by each Party shall include all information and data received by either Party ("Receiving Party") from the other Party ("Disclosing Party") in writing or orally, which are developed, created, discovered or known by the Disclosing Party, or transferred to the Disclosing Party, commercially valuable to the Disclosing Party`s business, non-public, confidential or relating to the Disclosing Party or the cooperation between both Parties hereunder ("Confidential Information").

 

 

2/5

 

5.1.2 The "Confidential Information" referred to herein shall include but not limited to trade secret, computer program, design technology, proprietary technology, processes, data, business and product development plan, customer information and other information relating to the business of the Disclosing Party, and any non-public confidential information related to the Disclosing Party received by the Disclosing Party from any third party.

5.1.3 For the purpose of this Agreement, "Confidential Information" shall exclude:

Any information has become public, not due to disclosure by the Receiving Party;

Any information made public with the approval of the Disclosing Party or its authorized representative;

Any information independently developed by the Receiving Party without direct or indirect utilization of the "Confidential Information" of the Disclosing Party;

Any information has been properly and lawfully owned by the Receiving Party prior to the disclosure thereof.

5.2 Confidentiality Obligation of Both Parties

5.2.1 Both Parties hereby undertake that the content and scope of confidentiality obligation specified in Article 5.1 shall be binding upon both Parties during the term of this Agreement and within two years upon expiration or termination of this Agreement.

5.2.2 Unless it is otherwise required by the law, neither Party may disclose any Confidential Information to any third party in whatever forms for any purpose other than for performance of this Contract, other than the Confidential Information disclosed by the Receiving Party before or after the start of business cooperation hereunder as required by the court, arbitration tribunal, securities exchange, securities depository and clearing house, trade association or any other judicial, administrative or regulatory authority, or self-regulatory organization, or as required by laws, regulations, administrative rules or other regulatory provisions.

5.2.3 During the performance of this Agreement, if either Party has to make public any information regarding the rights or obligations of the other Party, it shall give a prior notice to the other Party and obtain the written notice of the other Party, unless it is otherwise required by the laws or it is not practically feasible.

5.2.4 Both Parties agree to take all reasonable steps to procure their employees or agents will not disclose or disseminate any Confidential Information in violation of this Agreement.

 

Article 6 FORCE MAJEURE

6.1 After this Framework Agreement is entered into, if either Party fails to perform all or part of its obligations hereunder due to any unforeseeable, inevitable or uncontrollable event (i.e. event of force majeure), such as fire, drought, typhoon, blizzard, earthquake, war or change to any policy or regulation, its liabilities for breach of contract may be released wholly or partly to the extent of the effect caused by the force majeure.

6.2 The Party affected by the force majeure shall notify the other Party of the occurrence of force majeure and the effect thereof, and within a reasonable period, provide the other Party with a written certificate of such event issued by the relevant authority.

 

 

3/5

 

Article 7 DEFAULT AND LIABILITIES

7.1 Default. Any of the following events constitutes a default hereunder:

7.1.1 Either Party substantially violates any provision hereof, or fails to perform any obligation hereunder in any substantial aspect, and fails to make remedy within 10 days upon receiving a written notice for remedy from the other Party; or

7.1.2 Any undertaking, representation or warranty made by either Party hereunder is proven false or misleading.

7.2 Default Liabilities. if either Party defaults under this Framework Agreement, it shall indemnify the other Party against any and all damages and losses resulting from the default, other than indirect damages. The non-breaching party may also unilaterally terminate this Framework Agreement without any liability.

 

Article 8 MISCELLANEOUS

8.1 The execution, validity, interpretation, performance as well as dispute settlement of or in connection with this Framework Agreement shall be governed by the applicable laws of the People’s Republic of China (excluding Hong Kong SAR, Macao SAR and Taiwan). Any amendment to this Framework Agreement or any issue absent hereof shall be settled by both Parties through friendly negotiation.

8.2 Any dispute arising from or in connection with this Framework Agreement shall be settled by both Parties through friendly negotiation at first. Where such negotiation fails, any party shall be entitled to file an action at the competent People`s court where Party A is located.

8.3 Both Parties hereby acknowledge that performance of this Framework Agreement and realization of the objectives contemplated herein are based on trust and mutual collaboration between both Parties. Both Parties further acknowledge that, unless it is otherwise agreed herein, neither Party may assign all or part of its rights or obligations hereunder to any third party without the prior approval of the other Party.

8.4 All issues relating to this Framework Agreement shall be settled by both Parties based on the principles of equality and reciprocity, and through friendly negotiation.

8.5 This Agreement shall be made in four (4) originals, two (2) for each party hereto. This Agreement shall become effective as of being duly signed by the legal representatives or authorized representatives of both Parties and affixed with the official seal of both Parties, and shall remain full force and effect until it is confirmed by both Parties in writing to terminate this Agreement or either Party unilaterally terminates this Framework Agreement according to any provision hereof.

 

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Party A (Seal):

	
Party B (Seal):

	
Legal Representative

or Authorized Representative:

 

	
Legal Representative or Authorized 

Representative:

 

 

	
Date:

	
Date:

 

 

 

 

 

 

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