Document:

Exhibit 4.49

 

 

 

 

CNOOC Finance Corporation
Limited

 

and 

 

CNOOC Limited

 

 

 

 

	
         

        Framework Agreement 

         

        in respect of 

         

        the Financial Services

         

 

 

 

November 21, 2019

 

(Summary Translation)

 

 

 

     

     

    

Framework Agreement in respect of the
Financial Services

 

This Framework Agreement
in respect of the Financial Services (the “Agreement”) was entered into on November 21, 2019 by the following
parties in Beijing, the People’s Republic of China (“PRC”):

 

Party A: CNOOC
Limited, a company incorporated and existing under the laws of the Hong Kong Special Administrative Region (“Hong
Kong”) with limited liability having its registered address at 65/F, Bank of China Tower, 1 Garden Road, Hong Kong.

 

Party B: CNOOC
Finance Corporation Limited, a company incorporated and existing under the laws of the PRC with limited liability having its
registered address at No. 25 Chaoyangmenbei Dajie, Dongcheng District, Beijing, PRC.

 

(Collectively the “Parties”
and individually the “Party”.)

 

WHEREAS: 

 

		1.	Party A is a subsidiary (as defined under the Rules Governing the Listing of Securities on The
Stock Exchange of Hong Kong Limited (the “Listing Rules”)) of CNOOC and is listed on The Stock Exchange
of Hong Kong Limited (the “Stock Exchange”), the New York Stock Exchange and the Toronto Stock Exchange;

 

		2.	Party B is a non-bank financial institution affiliated to China National Offshore Oil Corporation
(“CNOOC”), which is approved by China Banking and Insurance Regulatory Commission (the “CBIRC”)
and registered at State Administration for Industry and Commerce, and is qualified for providing financial services to CNOOC group
members;

 

		3.	Party A, out of ordinary business needs, expects to receive financial services from Party B with
fair and reasonable market prices and on normal commercial terms or better. On this basis, the Parties hereby agree to enter into
this Agreement and to provide / accept the financial services as agreed;

 

    2 

     

    

 

		4.	CNOOC is an indirect controlling shareholder of Party A, holding 64.44% interests in Party A’s
issued shares. Party B is a subsidiary of CNOOC and a connected person of Party A according to the Listing Rules. The transactions
between Party A and Party B in this Agreement constitute continuing connected transactions under the Listing Rules; and

 

		5.	Party A hereby agrees to, and ensures to procure its subsidiaries to, accept the financial services
as stipulated in this Agreement in accordance with the terms and spirits of this Agreement.

 

NOW, THEREFORE, with
respect of the supply and acceptance of financial services, in accordance with the Contract Law of the People's Republic of
China, the Administrative Measures on Finance Companies of Enterprise Groups promulgated by CBRC and other existing
PRC laws and regulations, the Parties hereby agree as follows:

 

Article 1Financial
Services

 

1.1             
Party B hereby agrees to provide financial services to Party A and its subsidiaries pursuant to this Agreement and Party
A and its subsidiaries also hereby agree to accept the financial services as set forth below provided by Party B from time to time
pursuant to this Agreement, provided that Party A and its subsidiaries are members of CNOOC group in accordance with the Administrative
Measures on Finance Companies of Enterprise Groups and the financial services provided by Party B are within its business scope
approved by CBIRC and confirmed by State Administration for Industry and Commerce:

 

		(1)	settlement services;

 

		(2)	depositary services;

 

    3 

     

    

 

		(3)	discounting services;

 

		(4)	loan services; and

 

		(5)	entrustment loans services.

 

1.2             
Party B hereby agrees to, from time to time, provide relevant information with respect to financial services set forth above
to Party A and its subsidiaries as required by Party A, such as deposit / loan status and maximum daily outstanding balance of
deposits of Party A and its subsidiaries, and deposit interest rates of commercial banks.

 

Article 2Transaction
Principles

 

2.1             
The Parties hereby agree that Party B shall provide Party A and its subsidiaries financial services under Section 1.1 of
this Agreement in accordance with the following principles:

 

		(1)	Provision of settlement services: Party B will provide settlement services to Party A and its subsidiaries
on a free-of-charge basis;

 

		(2)	Provision of depositary services: when Party B provides depositary services to Party A and its
subsidiaries, the interest rates must be agreed by both parties and determined in accordance with the relevant unified standard
deposit interest rates as promulgated by the People’s Bank of China (the “PBOC”) from time to time and
may be subject to upward adjustment of up to 40% of such PBOC standard deposit interest rates subject to the requirements of the
PRC laws and regulations and with reference to the deposit interest rates offered by commercial banks for deposit of the same nature
and maturity;

 

		(3)	Provision of discounting services: when Party B provides discounting services regarding commercial
drafts to Party A and its subsidiaries, the interest rates shall be the relevant unified standard interest rates for discounting
services as promulgated by the PBOC from time to time, but such interest rates may be adjusted downward in separate financial service
agreements subject to the requirements of the PRC laws and regulations;

 

    4 

     

    

 

		(4)	Provision of loan services: when Party B provides loan services to Party A and its subsidiaries,
the interest rates shall be the relevant unified standard interest rates for loans as promulgated by the PBOC from time to time,
but such interest rates may be adjusted downward subject to the requirements of the PRC laws and regulations. Further, the parties
agreed that the loans provided by Party B to Party A and its subsidiaries are not required to be secured by assets of Party A and
its subsidiaries; and

 

		(5)	Provision of entrustment loans services: when Party B provides entrustment loans services to Party
A and its subsidiaries, the annual service fees are calculated based on the principal balances of the loans. The aggregate amount
of the annual service fee plus the interest on the relevant loan shall not exceed the interest payable by Party A and its subsidiaries
on a loan of same maturity charged by commercial banks.

 

2.2             
Party A and its subsidiaries shall have the right, in their sole discretion with respect to their own benefits, to decide
whether to obtain services set forth above from Party B.

 

2.3             
In the event of any misappropriation or misuse by Party B in respect of the funds deposited with it by the Party A or its
subsidiaries which results in the inability of Party A or its subsidiaries to recover such funds, Party A or its subsidiaries shall
offset amounts due to Party A or its subsidiaries from Party B against amounts outstanding from Party A or its subsidiaries to
Party B. Party B has no such right to set off.

 

Article 3Mode of
Operations

 

3.1             
The Parties and Party A shall ensure and procure its subsidiaries to, if necessary, enter into separate financial service
agreements on normal commercial terms or better and in compliance with the terms of this Agreement, and cause separate financial
service agreements to be in accordance with the principles set out in this Agreement and subject to the requirements of the PRC
laws and regulations (including but not limited to requirements of the Listing Rules).

 

    5 

     

    

 

3.2             
The term of such separate financial service agreements executed pursuant to this Agreement shall not exceed three years.
In the event the term of such agreement does not exceed three years but the expiry date thereof is later than December 31, 2022,
the following provision shall be incorporated into such agreements: “If, as of December 31, 2022, CNOOC Limited fails to
comply with the applicable requirements under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong
Limited in relation to connected transactions, unless CNOOC Limited can satisfy the conditions of the relevant exemptions, this
agreement shall be terminated on December 31, 2022”.

 

3.3             
The financial service agreements which were executed between Party A or its subsidiaries and Party B prior to the effective
date of this Agreement and has not expired shall be valid after this Agreement becomes effective and shall be deemed as separate
financial service agreements signed in compliance with the principles and terms of this Agreement. Corresponding amendments, however,
shall be made in accordance with the principles and terms of this Agreement if the principles and terms of such agreements are
inconsistent with those set out in this Agreement.

 

Article 4Term and
Termination

 

4.1             
This Agreement shall become effective on January 1, 2020 upon execution by the authorised representatives of the Parties
and shall remain in effect for a term of three years until 31 December, 2022. This Agreement can be extended for another three
years when the abovementioned term expires, provided that the Parties consent in writing and such extension complies with the provisions
related to the requirements for connected transactions under the Listing Rules.

 

    6 

     

    

 

4.2             
Either Party hereto shall be entitled to terminate this Agreement or the offer / acceptance of any specific financial services
in this Agreement, provided that it shall notify the other Party in writing three months in advance and shall clarify the termination
of this Agreement or the specific financial services which will be terminated and the date of termination. The termination of the
offer / acceptance of specific financial services shall not affect other rights and obligations of the Parties in this Agreement,
nor other rights and obligations in the separate financial service agreements executed pursuant to this Agreement or in relevant
written confirmation documents owned by any of the Parties in such agreements or relevant written confirmation documents.

 

4.3             
In the event of any comments or requests made by the Stock Exchange, or for the purpose of complying with any requirements
of the Listing Rules, the Parties hereby agree to make corresponding modification to the terms of this Agreement in accordance
with such comments or requests of the Stock Exchange or requirements of the Listing Rules.

 

4.4             
If any Party breaches any terms of this Agreement (the “Defaulting Party”), the other Party (the “Non-Defaulting
Party”) may notify the Defaulting Party in writing of such breach and request the Defaulting Party to make relevant remedies
within a designated reasonable period of time; if the Defaulting Party fails to remedy such defaulting action within such reasonable
period of time, the Non-Defaulting Party is entitled to immediately terminate this Agreement or the offer / acceptance of specific
financial services. The Non-Defaulting Party reserves the right to recourse and claim compensation and any other claims available
under applicable laws.

 

4.5             
If one Party is bankrupt, insolvent, in the legal procedure of liquidation or has ceased operation, the other Party may
notify such Party in writing to terminate this Agreement.

 

4.6             
If all offer / acceptance of financial services as described in this Agreement have been terminated, this Agreement shall
be terminated therefore.

 

    7 

     

    

 

4.7             
The termination of this Agreement shall not affect the existing rights or obligations of any of the Parties accrued pursuant
to this Agreement, including the obligation of making due and payable payment and the obligation of making default and damages
payment resulted from breach of this Agreement.

 

Article 5Representations
and Warranties

 

5.1             
Party A hereby represents and warrants that:

 

		(1)	Party A is a company incorporated and duly existing under the laws of the Hong Kong with limited
liability as an independent legal entity;

 

		(2)	Party A has obtained all government approvals (if necessary) and internal authorisations as required
for the execution and performance of this Agreement; this Agreement is executed by the authorised representative of Party A, and
this Agreement shall be binding on Party A upon execution; and

 

		(3)	The execution and performance of this Agreement will not violate any other agreements entered into
by Party A or its articles of association nor conflict as a matter of law with other agreements entered into by Party A or its
articles of association.

 

5.2             
Party B hereby represents and warrants that:

 

		(1)	Party B is a non-bank financial institution incorporated and duly existing under the laws of the
PRC as an independent legal entity;

 

		(2)	The financial services provided by Party B to Party A and its subsidiaries pursuant to this Agreement
do not exceed Party B’s approved and confirmed business scope;

 

		(3)	Party B has obtained all the government approvals (if necessary) and authorisations as required
for the execution and performance of this Agreement; this Agreement is executed by the authorised representative of Party B, and
this Agreement shall be binding on Party B upon execution;

 

    8 

     

    

 

		(4)	The execution and performance of this Agreement by Party B will not violate any other agreements
entered into by Party B or its articles of association, nor will conflict as a matter of law with other agreements entered into
by Party B or its articles of association; and

 

		(5)	Party B hereby agrees to allow the auditor of Party A to audit the transaction records of Party
A and its subsidiaries in connection with this Agreement while Party A is listed on the Stock Exchange, in order to facilitate
Party A to fulfil its disclosure obligations under the Listing Rules.

 

Article 6Performance
of this Agreement

 

6.1             
If any of the transactions under this Agreement or the modification, amendment, revocation or re-signing of this Agreement
constitutes a connected transaction pursuant to the Listing Rules, these transactions shall only be implemented after complying
with the relevant requirements related to the connected transactions under the Listing Rules (if applicable); therefore, compliance
with relevant requirements related to the connected transaction under the Listing Rules (if applicable) shall be a condition precedent
to this Agreement and such transactions.

 

6.2             
If a conditional waiver is granted by the Stock Exchange, this Agreement shall be implemented according to the conditions
so stipulated.

 

6.3             
In the event that a waiver from the Stock Exchange in respect of a certain connected transaction is lapsed, withdrawn or
revoked, and the transaction fails to comply with the requirements of the Listing Rules related to connected transactions, the
performance under this Agreement regarding that transaction shall be terminated.

 

6.4             
If the amount of connected transaction under this Agreement exceeds the relevant cap determined after Party A has fulfilled
its reporting and announcement obligations, Party A shall comply with the requirements of the Listing Rules as soon as possible,
including to hold a general meeting to pursue independent shareholders to approve a new cap (if necessary). Before complying with
the relevant requirements under the Listing Rules, the Parties hereby agree to use its best efforts, respectively, to procure relevant
transactions to be limited within the original annual caps determined after Party A has fulfilled its reporting and announcement
obligations.

 

    9 

     

    

 

Article 7Liabilities
for Breach of Contract

 

7.1             
The Parties shall perform its obligations respectively pursuant to this Agreement; in the event a Party does not perform
in conformity with this Agreement and causes the other Party to suffer losses, such Party shall undertake the liabilities for breach
of contract, including being liable to pay compensatory damages, in accordance with the PRC laws (excluding, for the purpose of
this Agreement, the laws of Hong Kong, the Macau Special Administrative Region and Taiwan).

 

Article 8Force
Majeure

 

8.1             
If an event of Force Majeure occurs to any Party of this Agreement (Force Majeure events shall mean any event which is beyond
the reasonable control of the affected Party, unforeseen, unavoidable or insurmountable even if foreseeable, and arises after the
date of this Agreement and which makes the total or partial performance of this Agreement by that Party objectively impossible
or impracticable (including but not limited to the failure to perform even when a reasonable amount of money has been spent). Such
events shall include but not limited to flood, fire, drought, typhoons, earthquakes and other natural disasters, traffic accidents,
strikes, unrests, riots and war (whether declared or not) and acts or omissions of governments) and the impact of such event of
Force Majeure has resulted in the failure to perform all or part of its obligations under this Agreement, the performance of such
obligations shall be suspended during the period of Force Majeure events.

 

    10 

     

    

 

8.2             
The Party claiming Force Majeure shall make its best efforts to inform the other Party in writing and shall furnish within
fifteen days after the Force Majeure has taken place, proper proof of the occurrence and duration of such Force Majeure by hand
or registered post. The Party claiming that a Force Majeure event has made the performance of this Agreement objectively impossible
or impracticable shall have the liability to use all reasonable endeavours to eliminate or mitigate the impact of such Force Majeure
event.

 

8.3             
In the event of Force Majeure, the Parties shall promptly decide how to implement this Agreement through friendly negotiations.
After the termination or elimination of the Force Majeure events or its consequences, the Parties shall promptly resume the performance
of their respective obligations under this Agreement. If the Parties, in consideration of the actual impact, enter into a supplementary
agreement with respect to the obligations under this Agreement affected by Force Majeure, the obligations shall be performed in
accordance with the supplementary agreement.

 

Article 9Announcement

 

9.1             
Save for announcement made pursuant to the laws of the PRC or the requirements of the CBIRC, the China Securities Regulatory
Commission, the Stock Exchange, the Securities and Futures Commission of Hong Kong, the New York Stock Exchange, the US Securities
and Exchange Commission, the Toronto Stock Exchange or any other governmental or regulatory authorities, neither party shall make
any announcement regarding this Agreement without the prior written consent of the other party.

 

Article 10Governing
Law and Dispute Resolution

 

10.1         
This Agreement shall be governed and construed in accordance with the laws of the PRC (excluding, for the purpose of this
Agreement, the laws of Hong Kong, the Macau Special Administrative Region and Taiwan).

 

    11 

     

    

 

10.2         
Any dispute arising out of or relating to this Agreement shall be settled by negotiation between the Parties. If negotiation
cannot settle the dispute within 30 days, either Party may submit such dispute to China International Economic and Trade Arbitration
Commission located in Beijing for arbitration in accordance with the arbitration rules of such arbitration commission in effect
at the time of application of such arbitration. Any arbitral award shall be final and binding upon both Parties.

 

10.3         
Except for the clauses being disputed, the Parties shall continue to perform other clauses in this Agreement during the
course of the negotiation and arbitration.

 

Article 11Miscellaneous

 

11.1         
The headings of sections in this Agreement are for convenience of reference only and shall not have legal validity
or affect the interpretation of this Agreement.

 

11.2         
Save as otherwise provided in this Agreement, neither Party shall assign in whole or in part its rights or obligations under
this Agreement without the prior written consent of the other Party.

 

11.3         
This Agreement shall supersede all prior verbal or written agreements, contracts, understanding and communication between
Parties with respect to such matters.

 

11.4         
If any clause in this Agreement becomes illegal, invalid or unenforceable, it shall not affect the validity and enforceability
of the other clauses of this Agreement.

 

11.5         
The Parties agree to be liable for all fees and expenses arising from the execution of this Agreement pursuant to the relevant
PRC laws. If there is no relevant law in relation to such payments, the fees and expenses shall be borne equally by the Parties.

 

11.6         
This Agreement shall only be amended in writing, signed and sealed by the authorised representatives from the Parties and
shall be subject to approvals given through appropriate corporate actions from the Parties. If such amendment constitutes a substantive
or material amendment to this Agreement, then such amendment shall only become valid upon compliance with the relevant requirements
of the Listing Rules.

 

    12 

     

    

 

11.7         
Unless otherwise provided, no failure or delay on the part of either Party to this Agreement in exercising any right, power
or privilege hereunder shall constitute a waiver of any right, power or privilege of the other Party hereto. The single or partial
exercise of any right, power or privilege hereunder by any Party shall not preclude any other exercise of any other right, power
or privilege hereunder in the future.

 

11.8         
All notices or other correspondences made by a Party pursuant to this Agreement must be in writing and in Chinese, and must
be left at the designated address of the other Party by hand or by registered post, or sent by facsimile to the designated facsimile
number of the other Party. A notice is deemed to have validly made on a date subject to the following provisions: in the case of
a notice delivered by hand, the date of receipt by a designated person of the other Party; in the case of a notice by registered
post, on the seventh day after the posting (evidenced by the postage stamp) (if the last day is a Saturday, Sunday or official
holiday, then the next following working day); in the case of a notice by facsimile, upon the facsimile being sent.

 

11.9         
This Agreement shall be in Chinese and executed in two originals, each of which shall be held by the parties respectively
and shall be of equal force and effect.

 

IN WITNESS whereof which
the parties have executed this Agreement on the date and place first above written.

 

[Below intentionally left blank and signature
pages follow]

 

    13 

     

    

 

[Signature pages to Framework Agreement
in respect of the Financial Services]

 

 

  

CNOOC
Limited

 

 

	 	 
	Authorised
representative	 
	Title:	 

 

 

 

 

CNOOC Finance Corporation Limited

 

 

	 	 
	Authorised
representative	 
	Title:	 

 

 

 

    14EX-4.1

    
 Exhibit 4.1

 
 NUMBER UNITS

U-[●]
  

SEE REVERSE FOR CERTAIN
 DEFINITIONS

 
 CUSIP 37519D 206

 
 GIGCAPITAL3, INC.

 
 UNITS CONSISTING OF ONE SHARE OF COMMON STOCK AND ONE-HALF OF
ONE REDEEMABLE WARRANT
 TO PURCHASE ONE SHARE OF COMMON STOCK
  
 THIS
CERTIFIES THAT
                                        is the
owner of                     Units.
  

Each Unit (“Unit”) consists of one share of the common stock, par value $0.0001 per share (“Common Stock”), of
GigCapital3, Inc., a Delaware corporation (the “Company”) and one-half of one redeemable warrant to purchase one share of Common Stock (the “Warrant”). Each whole Warrant entitles
the holder to purchase one share of Common Stock for $11.50 per share (subject to adjustment). Each Warrant will become exercisable on the later of (i) thirty (30) days after the Company’s completion of a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses (each a “Business Combination”), or (ii) twelve (12) months from the closing of
the Company’s initial public offering of the Units (the “Offering”), and will expire unless exercised before 5:00 p.m., New York City Time, on the date that is five (5) years after the date on which the Company
completes its initial Business Combination, or earlier upon redemption or liquidation (the “Expiration Date”).  The Common Stock and Warrants comprising the Units represented by this certificate are not
transferable separately prior to [●], 2020, unless the underwriters elect to allow separate trading earlier, subject to the Company’s filing of a Current Report on Form 8-K with the Securities and Exchange Commission containing an
audited balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when separate trading will begin. The terms of the Warrants are governed by a Warrant Agreement, dated as of
[●], 2020, between the Company and Continental Stock Transfer & Trust Company (“Continental”), as Warrant Agent, and are subject to the terms and provisions contained therein, all of which terms and provisions the
holder of this certificate consents to by acceptance hereof. Copies of the Warrant Agreement are on file at the office of Continental at 1 State Street, 30th Floor, New York, New York 10004, and are available to any Warrant
holder on written request and without cost.
  

This certificate is not valid unless countersigned by the Transfer Agent and Registrar of the Company.

 
 Witness the facsimile signature of its duly
authorized officers.
  

	 	 	 
	Secretary	 	President

  

GigCapital3, Inc.
  

The Company will furnish without charge to each unitholder who so requests, a statement of the powers, designations, preferences and relative,
participating, optional or other special rights of each class of stock or series thereof of the Company and the qualifications, limitations, or restrictions of such preferences and/or rights.

 
 The following
abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations:

 
 
 

  

 

  

	TEN COM	— 	as tenants in common	UNIF GIFT MIN ACT	—	                    Custodian
	 	 	 	 	 	 
	TEN ENT	— 	as tenants by the entireties	 	 	(Cust)
	 	 	 	 	 	 
	 	 	 	 	 	(Minor)
	 	 	 	 	 	Under Uniform Gifts to Minors
	 	 	 	 	 
	JT TEN	— 	as joint tenants with right of survivorship and not as tenants in common	 	 	Act                      
 (State)

 
 Additional abbreviations may
also be used though not in the above list.
  

For value received,              hereby sell, assign and transfer
unto                 
  

PLEASE INSERT SOCIAL SECURITY OR
 OTHER

IDENTIFYING NUMBER OF ASSIGNEE
  

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

 

	 	 

  

                    
                     Units represented by the within Certificate, and do hereby irrevocably constitute and appoint

 

                    
    
                                         
    Attorney to transfer the said Units on the books of the within named Company with full power of substitution in the premises.

 

Dated                     

	 	 
	 	Notice:  The signature to this assignment must correspond with the name as written upon the face of the
certificate in every particular, without alteration or enlargement or any change whatever.
	Signature(s) Guaranteed:	 
	 	 
	THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN
APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15(OR ANY SUCCESSOR RULE)).	 

  
 In each
case, as more fully described in the Company’s final prospectus relating to the Offering, dated [●], 2020, the holder(s) of this certificate shall be entitled to receive a pro-rata portion of certain funds held in the trust account
established in connection with the Offering only in the event that (i) the Company redeems the shares of Common Stock sold in the Offering and liquidates because it does not consummate an initial Business Combination by [●],

 
 

  

 

  

2022, (ii) the Corporation redeems the shares of Common Stock sold in the Offering in connection with a stockholder vote to approve an amendment to any provision of
the Corporation’s Amended and Restated Certificate of Incorporation relating to its pre-initial business combination activity or the related stockholders’ rights, or (iii) if the holder(s) seek(s) to redeem for cash his, her or its
respective shares of Common Stock in connection with a tender offer (or proxy solicitation, solely in the event the Company seeks stockholder approval of the proposed initial business combination) setting forth the details of a proposed initial
business combination. In no other circumstances shall the holder(s) have any right or interest of any kind in or to the trust account.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00308-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00308-of-00352.parquet"}]]