Document:

Exhibit 4.7

 

Amended and Restated Voting Trust and Equity Purchase Agreement

 

This Amended and Restated Equity Trust and Equity Purchase Agreement (this “Agreement”) is executed by and among the Parties below as of [     ], in Hong Kong.

 

	
Party   A:
    	
Bona   International Film Group Limited (previously Tyner Group Limited)
    
	
Address:
    	
 
    
	
 
    	
 
    
	
Party   B:
    	
Beijing   Bona New World Media Technology Co., Ltd.
    
	
Address:
    	
 
    
	
 
    	
 
    
	
Party   C:
    	
[Affiliated   Consolidated Entity]
    
	
Address:
    	
 
    
	
 
    	
 
    
	
Party   D:
    	
Yu   Dong
    
	
Nationality:
    	
China
    
	
ID card no.:
    	
 
    
	
Address:
    	
No.1, Floor 10,   Building 14, East Bridge Road, Chaoyang District, Beijing
    
	
 
    	
 
    
	
Party   E:
    	
 
    
	
Nationality:
    	
 
    
	
ID card no.:
    	
 
    
	
Address:
    	
 
    
	
 
    	
 
    
	
Party   F:
    	
 
    
	
Nationality:
    	
 
    
	
ID card no.:
    	
 
    
	
Address:
    	
 
    

 

In this Agreement, each of Party A, Party B, Party C, Party D, Party E and Party F shall be referred to as a “Party” respectively, and they shall be collectively referred to as the “Parties”.

 

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Whereas:

 

1                 Party A is a company duly incorporated and validly existing in the British Virgin Islands;

 

2                 Party B is a wholly foreign-owned enterprise established in Beijing, People’s Republic of China (“China”).

 

3                 Party C is a wholly Chinese company registered in Beijing, China.

 

4                 Party B is a subsidiary wholly owned by Party A in China

 

5                 Party E holds [   ]% of the equity interest in Party C since the establishment of Party C.

 

6                 Party F holds [   ]% of the equity interest in Party C since [   ].

 

7                 Party B and Party C have established the business relationship by entering into the Amended and Restated Exclusive Technology and Consulting Service Agreement (including any modification thereto, referred to as the “Service Agreement” collectively) ;

 

8                 [Party A, Party B, Party C, Party D and Party E entered into an Amended Voting Trust and Equity Purchase Agreement (the “Original Agreement”) as of [   ].

 

9                 All the Parties agree to execute this Agreement so as to amend some article of the Original Agreement and this Agreement shall supersede the original upon execution hereof.]

 

Now therefore, upon mutual discussion and negotiation, the Parties have reached the following agreement:

 

1.                  Equity Interest Authorization

 

1.1       Option Granted

 

Party D, Party E and Party F hereby irrevocably authorize Party B or any person designated by Party B to exercise the following rights during the term of this Agreement:

 

(1)                                 to represent Party D, Party E and Party F with full authorization to exercise all the voting power of Party D, Party E and Party F as shareholders under the laws and the articles of association, including but not limited to the power to sell or transfer all or part of the equity

 

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interest in Party C and to serve as authorized representative to designate or appoint directors and general manager of Party C.

 

(2)                                 to appoint and remove the legal representative, secretary, and directors of Party C; and

 

(3)                                 to change Party C’s authorized signatory at the bank into the person designated by Party B and notify Party C the said change.

 

Party D, Party E and Party F hereby irrevocably agree Party B is entitled to appoint the party other than Party B to exercise the above rights during the term hereof.

 

1.2       Acceptance of the Option Granted

 

Party B agrees to accept and exercise the said rights.

 

1.3       Transfer of Rights

 

Party D, Party E and Party F hereby agree that Party B can transfer the said rights at Party B’s sole and absolute discretion to any third party without the consent of Party D, Party E or Party F, but Party B shall notify Party D, Party E and Party F within three working days upon the transfer.

 

2.                  Equity Transfer

 

2.1       Option Granted

 

Party D,Party E and Party F hereby irrevocably grants Party A an irrevocable and exclusive right to purchase, or designate one or more persons (each, a “Designee”) to purchase the equity interests in Party C held by Party D and/or Party E and/or Party F once or at multiple times at any time in part or in whole according to the steps for exercise of equity interest purchase option as set forth in Section 2.2 and 2.4 to the extent permitted by Chinese laws and at the price described in Section 2.3 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 of Party C. Party C hereby agrees to the grant by Party D, Party E and Party F of the Equity Interest Purchase Option to Party A and the Designee(s) . The term “person” as used herein shall refer to individuals, corporations, partnerships, partners, enterprises, trusts or any other type of economic entity.

 

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2.2       Steps for Exercise of Equity Interest Purchase Option

 

Subject to the provisions of the laws and regulations of China, Party A and / or the designee(s) may exercise the Equity Interest Purchase Option by issuing a written notice to Party D, Party E and Party F (the “Equity Interest Purchase Option Notice”), specifying: (a) Party A and/or the desinee(s)’s decision to exercise the Equity Interest Purchase Option; (b) the portion of equity interests to be purchased from Party D and Party E (the “Optioned Interests”); and (c) the date for purchasing the Optioned Interests (the “Interest Transfer Date”).

 

2.3       Equity Interest Purchase Price

 

Unless an appraisal or other restrictions to the price of the Optioned Interests (the “Equity Interest Purchase Price”) is required by the applicable laws at the time of exercise of the Equity Interest Purchase Option by Party A , Party A and Party B agree that the Equity Interest Purchase Price shall equal the lowest price as permitted by the applicable laws.

 

2.4       Transfer of Optioned Interests

 

For each exercise of the Equity Interest Purchase Option by Party A and the Designee(s):

 

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

 

(2)         Party D, Party E, Party F and Party A and/or the designee(s) shall execute the equity interest transfer agreement set forth in the Schedule One hereto at the time of execution hereof

 

(3)         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 provide to Party A and/or the Designee(s) the latest business license, approval certificate and other relevant materials, of which the business license and approval certificate shall demonstrate the change matters such as the share structure, directors and legal representative.

 

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3.                  Covenants

 

3.1       Covenants regarding Party C

 

Party C hereby covenants to Party A as follows:

 

(1)                                 Without the prior written consent of Party A or Party B, it 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 change its structure of registered capital in other manners;

 

(2)                                 It shall maintain Party C’s corporate existence in accordance with good financial and business standards and practices by prudently and effectively operating its business and handling its affairs and guarantee Party C’s maintenance of certificates, license and approvals as required by its operation and such certificates, license and approvals not being revoked at its utmost efforts;

 

(3)                                 Without the prior written consent of Party A or Party B, it shall not at any time following the date hereof, sell, transfer, mortgage or dispose of in any manner any assets of Party C or legal or beneficial interest in the business or revenues of Party C, or allow the encumbrance thereon of any security interest;

 

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

 

(5)                                 It 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;

 

(6)                                 Without the prior written consent of Party A or Party B, it shall not execute any major contract, except the contracts in the ordinary course of business (for purpose of this subsection, a contract with a value exceeding RMB 20,000,000 shall be deemed a major contract);

 

(7)                                 Without the prior written consent of Party A or Party B, it shall not provide any person with any loan or credit;

 

(8)                                 It shall provide Party A with information on Party C’s business operations and financial condition at Party A’s request;

 

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(9)                                 It has procured and maintained 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 or own similar assets or properties in the same region;

 

(10)                          Without the prior written consent of Party A or Party C, it shall not merge, consolidate with, acquire or invest in any person;

 

(11)                          It 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;

 

(12)                          To maintain the ownership by it of all of its assets, it 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;

 

(13)                          Without the prior written consent of Party A, it shall ensure that it shall not in any manner distribute dividends to its shareholders, provided that upon Party A’s written request, it shall immediately distribute all distributable profits to its shareholders; and

 

(14)                          At the request of Party B, it shall appoint any persons designated by Party B as the director of Party C.

 

3.2       Covenants of Party D, Party E and Party F

 

Party D,Party E and Party F hereby covenant as follows:

 

(1)                                 Without the prior written consent of Party A, Party D, Party E and Party F shall not sell, transfer, mortgage or dispose of in any other manner any legal or beneficial interest in the equity interests in Party C held by Party D, Party E and Party F, or allow the encumbrance thereon of any security interest;

 

(2)                                 Party D, Party E and Party F shall cause the shareholders’ meeting appointed by them of Party C not to approve the sale, transfer, mortgage or disposition in any other manner of any legal or beneficial interest in the equity interests in Party C held by Party D, Party E and

 

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Party F, or allow the encumbrance thereon of any security interest, without the prior written consent of Party A;

 

(3)                                 Party D, Party E and Party F shall cause the shareholders’ meeting appointed by them of Party C not to approve the merger or consolidation with any person, or the acquisition of or investment in any person, without the prior written consent of Party A;

 

(4)                                 Party D, Party E and Party F 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 D, Party E and Party F;

 

(5)                                 Party D, Party E and Party F shall cause the shareholders’ meeting appointed by them to approve the transfer of optioned interest hereunder by resolution. Party D, Party E and Party F shall and shall cause Party C to amend the articles of association of Party C to reflect the transfer of shares/equity interest from Party D, Party E and Party F to Party A and/or the Designee(s) and complete the change registration formality of the other change matters hereunder with the competent authorities in China. Party D, Party E and Party F shall and shall cause the shareholder’s meeting to approve removal of the original directors and legal representative and appoint the person designated by Party A or the Designee(s) as the new directors and legal representative;

 

(6)                                 To the extent necessary to maintain the ownership of Party D, Party E and Party F in Party C, Party D, Party E and Party F 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;

 

(7)                                 Party D, Party E and Party F shall appoint any Designee of Party A as the director of Party C, at the request of Party A;

 

(8)                                 At the request of Party A at any time, Party D, Party E and Party F shall 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 D, Party E and Party F hereby waives its right of first refusal (if any) to the share transfer by the other existing shareholder of Party C (if any); and

 

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(9)                                 Party D, Party E and Party F shall strictly abide by the provisions of this Agreement and other contracts jointly or separately executed by and among Party C, Party D, Party E, Party F, Party A and Party B, perform the obligations hereunder and thereunder, and refrain from any action/omission that may affect the effectiveness and enforceability thereof.

 

4.                  Representations and Warranties

 

Party C, Party D, Party E and Party F 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:

 

(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 Contract”), and to perform their obligations under this Agreement and any Transfer Contract. This Agreement and the Transfer Contract to which Party C, Party D, Party E and Party F are a party will constitute their legal, valid and binding obligations and shall be enforceable against them in accordance with the provisions thereof;

 

(2)                                 The execution and delivery of this Agreement or any Transfer Contract and the obligations under this Agreement or any Transfer Contract shall not: (i) cause any violation of any applicable laws of China; (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)                                 Party C has a good and merchantable title to the assets in Party C it holds. Party C has not placed any security interest on such assets;

 

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

 

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(5)                                 There are no pending or threatened litigation, arbitration or administrative proceedings relating to the equity interests in Party C, or assets of Party C.

 

5.                  Effective Date

 

This Agreement shall become effective upon the date hereof, and remain effective for a term equal to that of the Service Agreement. (This Agreement will be renewed accordingly in case of renewal of the Service Agreement)

 

6.                  Governing Law and Disputes Resolution

 

6.1       Governing law

 

The execution, effectiveness, construction, performance and the resolution of disputes hereunder shall be governed by the laws of China.

 

6.2       Methods of Disputes 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 on the dispute within 30 days after either Party’s request 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. The arbitration award shall be final and binding on all Parties.

 

7.                  Taxes and Fees

 

Each Party shall pay any and all transfer and registration tax, expenses and fees incurred thereby or levied thereon 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 Contract.

 

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8.                  Notices

 

All notices and other communications required or permitted to be given by any party pursuant to this Agreement shall be written in Chinese and delivered personally or sent by mails or facsimile transmission to other parties to the address below or other addresses as designated by other parties from time to time. The date of service shall be confirmed as follows: (a) if by hand delivery , it shall be the date of delivery; (b) if by mails, it shall be ten days after postage date (post mark date) of the air registered mail, or four days after delivery to the internationally recognized courtier service organizations; (c) if by fax, it shall be receiving time as indicated on the transmission confirmation letter of relevant documents.

 

Party A:     Bona International Film Group Limited

Address:

 

Party B:     Beijing Bona New World Media Technology Co., Ltd.

Address:

 

Party C:     [Affiliated Consolidated Entity]

Address:

 

Party D:     Yu Dong

Address: No.1, Floor 10, Building 14, East Bridge Road, Chaoyang District, Beijing

 

Party E:

Address:

 

Party F:       Jiang Zhong

Address:

 

9.                  Confidentiality

 

The Parties acknowledge that any oral or written information exchanged among them with respect to this Agreement is confidential information. Each Party shall maintain the confidentiality of all such information, and without obtaining the written consent of other Parties, it shall not disclose any relevant information to any third parties, except in the following circumstances: (a) such information is or will be in the public domain (provided that this is not the result of a public disclosure by the receiving party); (b) information disclosed as required by applicable laws or rules or regulations of any stock exchange; or (c) information required to be disclosed by any Party to its legal counsel or financial advisor regarding the transaction contemplated hereunder, and such legal counsel or financial advisor are also bound by confidentiality duties similar to the duties in this section. Disclosure of any confidential information by the staff members or

 

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agency hired by any Party shall be deemed disclosure of such confidential information by such Party, which Party shall be held liable for breach of this Agreement. This Section shall survive the termination of this Agreement for any reason.

 

10.           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.

 

11.           Miscellaneous

 

11.1            Amendment, change and supplement

 

Any amendment, change and supplement to this Agreement shall require the execution of a written agreement by all of the Parties.

 

11.2            Observation of the laws and regulations

 

The Parties shall observe and ensure the respective operation is in full compliance with all the formally published and publicly available laws and regulations of China.

 

11.3            Completeness

 

Except for the written amendment, supplement or change after execution hereof, this Agreement and the schedules hereto constitute the complete agreement in respect of the object hereunder and supersede all the oral or written negotiation, representations and contracts as reached regarding to the object hereof. This Agreement shall supersede and replace the original agreement, which shall be terminated as of the effective date of this Agreement.

 

11.4            Headings

 

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

 

11.5            Language

 

This Agreement is written in Chinese language in six copies.

 

11.6            Severability

 

In the event that one or several of the provisions of this Agreement 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

 

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provisions of this Agreement shall not be affected or compromised in any respect. The Parties shall strive in good faith to replace such invalid, illegal or unenforceable provisions with effective provisions that accomplish to the greatest extent permitted by law and 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.

 

11.7            Successors

 

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

 

11.8            Survival

 

(1)                 Any obligations that occur or that are due as a result of this Agreement before the expiration or termination of this Agreement shall survive the expiration or early termination thereof.

 

(2)                 The provisions of Section 6 and Section 9 shall survive the termination of this Agreement.

 

11.9            Waivers

 

Any Party may waive the terms and conditions of this Agreement, provided that such a waiver must be provided in writing and shall require the signatures of 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 a Party with respect to any similar breach in other circumstances.

 

11.10     The obligations of Party D and Party E under this Agreement are several and joint.

 

IN WITNESS WHEREOF, the Parties have executed, or caused their respective duly authorized representatives to execute, this Agreement as of the date first above written.

 

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[This page is for signature and the remainder is intentionally left blank]

 

	
Party A:
    	
Bona International Film   Group Limited
    	
 
    
	
By:
    	
 
    	
 
    
	
Name:
    	
Yu Dong
    	
 
    
	
Position:
    	
Director
    	
 
    
	
 
    	
 
    	
 
    
	
Party B:
    	
Beijing   Bona New World Media Technology Co., Ltd. (Seal)
    
	
By:
    	
 
    	
 
    
	
Name:
    	
Yu Dong
    	
 
    
	
Position:
    	
Legal   Representative
    	
 
    
	
 
    	
 
    	
 
    
	
Party C:
    	
[Affiliated   Consolidated Entity]   (Seal)
    	
 
    
	
By:
    	
 
    	
 
    
	
Name:
    	
Yu Dong
    	
 
    
	
Position:
    	
Legal   Representative
    	
 
    
	
 
    	
 
    	
 
    
	
Party D:
    	
Yu Dong
    	
 
    
	
By:
    	
 
    	
 
    
	
Name:
    	
 
    	
 
    
	
Position:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Party E:
    	
 
    	
 
    
	
By:
    	
 
    	
 
    
	
Name:
    	
 
    	
 
    
	
Position:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Party F:
    	
 
    	
 
    
	
By:
    	
 
    	
 
    
	
Name:
    	
 
    	
 
    
	
Position:
    	
 
    	
 
    

 

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Schedule One

 

Equity Interest Transfer Agreement

 

This Equity Interest Transfer Agreement (this “Agreement”) is executed by and among the Parties below as of [   ] in [   ].

 

	
Party   A:
    	
Bona International Film   Group Limited, (previously   Tyner   Group Limited)
    
	
 
    	
 
    
	
Address:
    	
Commerce House,   Wickhams Cay 1, P. O. Box 3140, Road Town, Tortola, VG1110, British Virgin   Islands
    
	
 
    	
 
    
	
Party   B:
    	
Yu Dong
    
	
ID card No.:
    	
 
    
	
Address:
    	
Room 1863/65, Floor 18, Poly Building, No. 14, Dongzhimen   North Avenue, Dongcheng District, Beijing
    
	
 
    	
 
    
	
Party   C:
    	
[Affiliated   Consolidated Entity]
    
	
 
    	
 
    
	
Address:
    	
 
    

 

In this Agreement, each of Party A, Party B and Party C shall be referred to as a “Party” respectively, and they shall be collectively referred to as the “Parties”

 

Whereas:

 

1.                  Party A is a company duly incorporated and validly existing in the British Virgin Islands.

 

2.                  Party C is a wholly Chinese company registered in Beijing, People’s Republic of China (“China”). Party B holds [   ]% of the equity interest in Party C (the “Related Equity Interest”); and

 

3.                  Party B agrees to transfer all the equity interest held by Party B in Party C to Party A and Party A agrees to accept the transferred equity interest. (“Equity Transfer”).

 

Now therefore, upon mutual discussion and negotiation, the Parties have reached the following agreement:

 

1.                  Equity Transfer

 

1.1              Party B agrees to transfer the Related Equity Interest to Party A and Party A agrees to accept the transfer.

 

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1.2              Party A shall pay [   ] Yuan to Party B as the consideration of the Equity Transfer according to Article 2.

 

1.3              Party B and Party C shall cause other shareholders of Party C (except for Party B) to agree the transfer of the equity interest under Article 1 hereunder and agree to cause other shareholders of Party C (except for Party B) to execute the necessary documents including a shareholders’ resolution and letter of waiver of its rights of first refusal to the Related Equity Interest and assist with other necessary formalities of the Equity Transfer.

 

1.4              Party C agrees to take all necessary actions to assist the Equity Transfer and take responsibility to complete all the governmental approval or registration filing formalities within two months upon execution of this Agreement by Party A.

 

2.                  Payment of the Price of Equity Transfer

 

2.1              Party A shall pay [   ] Yuan within five working days upon execution hereof and pay [   ] Yuan within five working days upon completion of all the governmental approval or registration filing formalities in relation with the Equity Transfer.

 

2.2              Party B shall issue to Party A a proper receipt voucher within five working days upon receipt of every payment stipulated in Article 2.1.

 

3.                  Representations and Warranties

 

3.1              Parties hereto hereby represent and warrant respectively, as follows:

 

(a)         Each party is a company legally established and existing or a person with full civil capacity for acts and has full and complete qualification and capacity to execute this Agreement and related documents to this Agreement as required by the achievement of the purpose of this Agreement.

 

(b)         Each party has taken or is to take all necessary actions to appropriately and effectively authorize execution, delivery and performance of this Agreement and documents in relation with the transaction hereunder and the execution, delivery and performance concerned shall not be in violation with any laws, regulations or governmental rules or the legal rights and interests of any third party.

 

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3.2              Party B and Party C hereby represent and warrant to Party A respectively:

 

(a)         Party B holds [   ]% of the equity interest to the date of this Agreement and the obtain and maintenance of the equity interest is not in violation with any laws, regulations or government decisions or rights or interests of any third party.

 

(b)         Party C is a limited liability company legally incorporated and validly existing under the laws of China. Party C has full legal corporation rights to own, dispose of and operate its assets and business and to develop its ongoing or planning business. Party C has obtained all the permissions, certificates or other governmental approvals in respective of all the business as set forth on the business license.

 

(c)          Party C has not been involved with any acts materially in violation with relevant laws and regulations or governmental rules since establishment.

 

(d)         There is not any equity interest or any rights of the third party on the Related Equity Interest.

 

(e)          Party B and Party C has not omitted any decisions or documents or information in relation with Party C or its business that may affect the decision of execution hereof.

 

(f)           Prior to completion of the Equity Transfer, Party B and Party C shall not, by actions or omissions, authorize or cause issuance or commitment of issuance of new shares except for the shares already issued prior to execution hereof.

 

4.                  Disputes 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 on the dispute within 30 days after either Party’s request 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. The arbitration award shall be final and binding on all Parties.

 

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5.                  Governing Law

 

The effectiveness, construction and compulsory enforcement hereunder shall be governed by the laws of China.

 

6.                  Amendment and Supplement

 

The Parties shall make amendments and supplements hereto in a written agreement. The amendment agreement and supplement agreement in relation with this Agreement with due signature of all parties shall be part of this Agreement and has the same legal effect with this Agreement.

 

7.                  Severability

 

In the event that any provisions of this Agreement are found to be invalid or unenforceable, the provision concerned shall be invalid or unenforceable limited to the governing scope of relevant laws and shall not affect the legal effect of the remaining provisions of this Agreement.

 

8.                  Schedules

 

Any schedules hereto (if any) shall be an integral part of this Agreement and has the same legal effect with this Agreement.

 

9.                  Miscellaneous

 

This Agreement shall be written in Chinese language in four copies.

 

WITNESS WHEREOF, the Parties have executed, or caused their respective duly authorized representatives to execute, this Agreement as of the date first above written.

 

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[This page is for signature and the remainder is intentionally left blank]

 

	
Party A:
    	
Bona International Film   Group Limited
    	
 
    
	
By:
    	
 
    	
 
    
	
Name:
    	
Yu Dong
    	
 
    
	
Position:
    	
Director
    	
 
    
	
 
    	
 
    	
 
    
	
Party B:
    	
Yu Dong
    	
 
    
	
By:
    	
 
    	
 
    
	
Name:
    	
 
    	
 
    
	
Position:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Party C:
    	
[Affiliated   Consolidated Entity]   (Seal)
    	
 
    
	
By:
    	
 
    	
 
    
	
Name:
    	
Yu Dong
    	
 
    
	
Position:
    	
Legal   Representative
    	
 
    

 

18Exhibit 4.8

 

Form of Amended and Restated Equity Pledge Agreement

 

This Amended and Restated Equity Pledge Agreement (this “Agreement”) has been executed by and among the following parties on [      ] in Hong Kong:

 

	
Pledgor   A:
    	
Yu   Dong
    
	
Nationality:
    	
China
    
	
ID Card No.:
    	
 
    
	
Address:
    	
No.1, Floor 10,   Building 14, East Bridge Road, Chaoyang District, Beijing
    
	
 
    	
 
    
	
Pledgor   B:
    	
[       ]
    
	
Nationality:
    	
 
    
	
ID Card No.:
    	
 
    
	
Address:
    	
 
    
	
 
    	
 
    
	
Pledgor   C:
    	
[       ]
    
	
Nationality:
    	
 
    
	
ID Card No.:
    	
 
    
	
Address:
    	
 
    
	
 
    	
 
    
	
Pledgee:
    	
Beijing   Bona New World Media Technology Co., Ltd.
    
	
Address:
    	
 
    

 

Pledgor A, Pledgor B, and Pledgor C shall be collectively referred to as the “Pledgors”; the parties hereinabove shall be referred to as the “Parties” collectively and a “Party” respectively.

 

Whereas:

 

1.              Pledgor A holds [     ]% of the equity interest in [Affiliated Consolidated Entity]; Pledgor B holds/obtained through assignment on [DATE] [     ]% of the equity interest in [Affiliated Consolidated Entity]; and Pledgor C holds/obtained through assignment on [DATE] [     ]% of the equity interest in [Affiliated Consolidated Entity]. [Affiliated Consolidated Entity] is a company registered in Beijing, engaging in the business of [     ].

 

2.              Pledgee is a wholly foreign-owned limited liability company registered in Beijing, the business scope of which includes researching and developing management software of film distribution, providing technical service / technical consultation /

 

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technical training and technology transfer, marketing self-developed products, providing business information consultation / investment advisory / management consultation. Pledgee and [Affiliated Consolidated Entity], of which the equity interests are held by Pledgors, have executed an Amended and Restated Exclusive Technology and Consulting Service Agreement (hereinafter referred as the “Service Agreement”) on [DATE],2013. Pledgors, Pledgee and [Affiliated Consolidated Entity] have executed an Amended and Restated Voting Trust and Equity Purchase Agreement (hereinafter referred as the “Voting Trust and Equity Purchase Agreement”) on [ ],2013.

 

3.              To ensure that Pledgors fully perform their obligations under the Service Agreement, and that Pledgee can normally obtain the service fees thereunder, subject to the terms and conditions of this Agreement, Pledgors hereby pledge to Pledgee all of the equity interests they hold respectively in [Affiliated Consolidated Entity] as security for all liabilities [Affiliated Consolidated Entity] owes to Pledgee under the Service Agreement.

 

4.              [Pledgor A, Pledgor B and Pledgee have on July 6, 2009 executed “Amended Equity Interest Pledge Agreement” (the “Original Agreement”).]

 

5.              [Parties hereby agree to execute this Agreement to amend certain provisions in the Original Agreement, and this Agreement shall supersede and replace the Original Agreement upon execution.]

 

Pledgors and Pledgee have mutually agreed to execute this Agreement upon the following terms.

 

1.                      Definitions

 

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

 

1.1                     Pledge: shall refer to all contents set forth in Article 2 of this Agreement.

 

1.2                     Equity Interest: shall refer to the [     ]% equity interests lawfully held by Pledgors in [Affiliated Consolidated Entity].

 

1.3                     Pledged Object: shall refer to the equity interests pledged to Pledgee by Pledgors under this Agreement and all dividends deriving from the same.

 

1.4                     Pledged Liability: shall refer to all liabilities [Affiliated Consolidated Entity] owes to Pledgee under the Service Agreement, including service fees, interests, damages, compensation, costs for enforcement of liabilities, the direct losses Pledgee suffers which are incurred by default of [Affiliated Consolidated Entity] and all other due expenses.

 

1.5                     Term of Pledge: shall refer to the term set forth in Section 4.1 of this Agreement.

 

1.6                     Event of Default: shall refer to any of the circumstances set forth in Article

 

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9 of this Agreement.

 

1.7                     Notice of Default: shall refer to the notice issued by Pledgee in accordance with this Agreement declaring an Event of Default.

 

2.          Pledge

 

2.1                     Pledgors hereby pledge to Pledgee all equity interests they hold in [Affiliated Consolidated Entity] as collateral security for the performance of Pledged liabilities. The Pledge shall refer to the right of prior compensation which Pledgee enjoys to the amount deriving from conversion into money / auction / sale of the equity interests which are pledged to Pledgee by Pledgors. The effect of the Pledge shall extend to the dividends deriving from equity interests during term of this Agreement.

 

3.          Scope of the Pledge

 

3.1                     Scope of the Pledge under this Agreement shall include all pledged liabilities, including service fees incurred by Service Agreement, interests, damages, compensation, costs for enforcement of liabilities, the direct losses Pledgee suffers which are incurred by default of [Affiliated Consolidated Entity] and all other due expenses.

 

4.          Term of Pledge and Registration

 

4.1                     This Agreement shall become effective on such date when the Pledged Object contemplated herein has been registered with the Shareholders’ Register of [Affiliated Consolidated Entity]. The Pledge shall be continuously valid during the valid period of the Service Agreement (in case the valid period of the Service Agreement extends, the valid period of the Pledge shall extend accordingly). Pledgors shall be under the obligation of urging [Affiliated Consolidated Entity] to register the Pledged Object under this Agreement with the Shareholders’ Register of [Affiliated Consolidated Entity] within 3 working days following the execution of this Agreement.

 

4.2                     Pledgors and Pledgee shall submit to the local Administration of Industry and Commerce of the place where [Affiliated Consolidated Entity] registered for registration of an equity interest pledge, and the Pledge shall become effective on such date the Pledge is registered with the abovementioned authority.

 

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5.          Custody of Records for Equity Interest subject to Pledge

 

5.1                     Pledgors shall deliver to Pledgee’s custody the capital contribution certificate for the equity interests and the shareholders’ register of [Affiliated Consolidated Entity] within seven (7) working days from the execution of this Agreement.

 

5.2                     In case any registered matter of the Pledge changes, and such change should be submitted for change of registration, Pledgors and Pledgee shall submit to the Administration of Industry and Commerce for change of registration within 30 working days accordingly following the occurrence of such changes.

 

6.          Representations and Warranties of Pledgors

 

6.1                     Pledgors are / Pledgor A is the lawful and complete owner of [·]% of the equity interests of [Affiliated Consolidated Entity] ; [Pledgor B is the lawful and complete owner of [·]% of the equity interests of [Affiliated Consolidated Entity]]; [Pledgor C is the lawful and complete owner of [·]% of the equity interests of [Affiliated Consolidated Entity]]; and Pledgors shall have the right to pledge the equity interests they hold to Pledgee according to this Agreement.

 

6.2                     Pledgors are fully aware of the content of the Service Agreement, the execution and performance of this Agreement is on voluntary basis, and the entire declarations of intention are true. The signature of the authorized representative (if any) shall be lawfully authorized.

 

6.3                     All documents, materials, reports and certificates provided by Pledgors to Pledgee shall be accurate, true, complete and effective.

 

6.4                     At any time, once the Pledgee exercises the Pledgee’s right to the Pledge according to this Agreement, it shall not be interfered by any other party.

 

6.5                     Pledgee shall have the right to dispose of and transfer the Pledge in accordance with the provisions set forth in this Agreement.

 

6.6                     Except for the Pledge in accordance with this Agreement, Pledgors have not placed any other encumbrance on the Equity Interest.

 

7.          Covenants of Pledgors

 

7.1                     Pledgors hereby covenant to the Pledgee for the benefit of the Pledgee, that during the term of this Agreement, Pledgors shall:

 

7.1.1                   except for transferring to Bona International Film Group Limited or any institution or person designated by it [in accordance with the “Amended Equity Voting Rights Authorization and Equity Option Agreement” dated March 9, 2010,] or among Pledgors without affecting the validity of the Pledge (provided that assignor shall notify the Pledgee in advance), without the prior written consent from the Pledgee, not transfer the equity interests, place or permit the existence of any security interest or other encumbrance which may affect the Pledgee’s right or interest, or cause the board of directors of [Affiliated Consolidated Entity] to make any resolution which relates to the sale / assignment / pledge or disposal of any lawful usufruct on equity interests in any other means or permits to set any other encumbrance on such equity interests.

 

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7.1.2                   comply with the provisions of all laws and regulations applicable to the pledge of rights, and on receipt of any notice, order or recommendation issued or prepared by relevant competent authorities regarding the Pledge, shall promptly present the aforementioned notice, order or recommendation to the Pledgee, and shall comply with the aforementioned notice, order or recommendation or submit objections and representations with respect to the aforementioned matters upon the Pledgee’s reasonable request or upon consent of the Pledgee;

 

7.1.3                   promptly notify the Pledgee of any event or notice received by Pledgors that may have an impact on the Pledgee’s rights to the Equity Interest or any portion thereof, as well as any event or notice received by Pledgors that may have an impact on any warranties and other obligations of Pledgors arising out of this Agreement.

 

7.2                     Pledgors agree that the rights acquired by the Pledgee in accordance with this Agreement with respect to the Pledge shall not be interrupted or harmed by Pledgors or any heirs or representatives of Pledgors or any other persons through any legal proceedings.

 

7.3                     To protect or perfect the security interest granted by this Agreement for payment of the Pledged Liability, Pledgors hereby undertake to execute in good faith and to cause other parties who have an interest in the Pledge to execute all certificates, agreements, deeds and/or covenants required by the Pledgee. Pledgors undertake to perform and to cause other parties who have an interest in the Pledge to perform actions required by the Pledgee, to facilitate the exercise by the Pledgee of its rights and authority granted thereto by this Agreement, and to enter into all relevant documents regarding ownership of the Equity Interest with the Pledgee or designee(s) of the Pledgee (natural persons/legal persons). Pledgors undertake to provide the Pledgee within a reasonable time with all notices, orders and decisions regarding the Pledge that are required by the Pledgee. Pledgors also undertake to obey and perform all warranties, promises, agreements, presentations and conditions. In case Pledgors fail or partly fail to perform their warranties, promises, agreements, representations and conditions, Pledgors shall compensate to the Pledgee for all direct losses suffered thereby.

 

8.          Event of Breach

 

8.1                    The following circumstances shall be deemed an Event of Default:

 

8.1.1                  [Affiliated Consolidated Entity], of which the equity interests are held by Pledgors, fails to fully and timely fulfill any liabilities, and the time of delay exceeds 3 months;

 

8.1.2                  any representation or warranty made by Pledgors in Article 6 of this Agreement is of substantial misrepresentation or mistake, and/or

 

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Pledgors violate warranties set forth in Article 6;

 

8.1.3                  Pledgors violate promises set forth in Article 7 of this Agreement;

 

8.1.4                  (except as permitted by this Agreement), Pledgors transfer or purport to transfer or abandon the Pledged Object or any part of it without the written consent of the Pledgee;

 

8.1.5                  any loan, encumbrance, compensation, promise or any other liability of Pledgors themselves to any party: (1) is required to repay or perform beforehand due to material breach, or (2) has been due but cannot be paid or performed on time, and thus cause substantial influence on Pledgors’ capability of performing the obligations under this Agreement;

 

8.1.6                  Pledgors cannot repay any other substantial liability;

 

8.1.7                  due to enactment of relevant laws, this Agreement becomes illegal, or Pledgors cannot proceed to perform obligations under this Agreement;

 

8.1.8                  any consent, permission, approval or authorization of relative governmental authorities which is necessary for legal existence or effectiveness or enforceability of this Agreement, is revoked, suspended, invalid or substantially revised;

 

8.1.9                  in case material changes occur to property owned by Pledgors, thus causing Pledgors’ capability of performing the obligations under this Agreement to be substantially influenced;

 

8.1.10           the successor or custodian can only partly perform or refuses to perform the payment liability under the Service Agreement;

 

8.1.11           Pledgors’ violations of other provisions of this Agreement by act or omission, which constitute a default;

 

8.1.12           other occasions under which the Pledgee cannot enforce Pledge pursuant to relative laws.

 

8.2                    Upon notice or discovery of the occurrence of any circumstances or event that may lead to the aforementioned circumstances described in Article 8.1, Pledgors shall immediately notify the Pledgee in writing accordingly.

 

8.3                    Unless an Event of Default set forth in this Article 8.1 has been successfully resolved to the Pledgee’s satisfaction, the Pledgee may issue a Notice of Default to Pledgors in writing at any time thereafter, demanding the Pledgors to immediately pay the unpaid price under the Service Agreement and other payment due, or dispose of the Pledge in accordance with the provisions of this Agreement.

 

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8.4                    The terms with respect to default stipulated in this Agreement, shall not prejudice any other right of relief which Parties may enjoy in accordance with current effective laws and regulations of China.

 

9.          Exercise of Pledge

 

9.1                    Prior to the full payment of all liabilities under the Service Agreement, without the Pledgee’s written consent, Pledgors shall not assign or dispose of in any other means the Pledged Object.

 

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

 

9.3                    Subject to the provisions of Article 8.3, the Pledgee may exercise the right to enforce the Pledge at the time when, or at any time after, the issuance of the Notice of Default in accordance with Article 8.3.

 

9.4                    The Pledgee is entitled to dispose of the entire or part of the Pledged Object in accordance with applicable legal procedures (including but not limited to consulting with Pledgors for conversion into money, or arranging for the auction or sale, of the Pledged Object) and obtain prior compensation, until the liabilities secured are fully performed.

 

9.5                    Once the Pledgee disposes of the Pledge in accordance with this Agreement, Pledgors shall not set up any obstacle, and shall provide necessary assistance to enable the Pledgee to enforce the Pledge.

 

10.   Assignment

 

10.1            Without the Pledgee’s prior written consent, Pledgors shall not have the right to donate or assign their rights and obligations under this Agreement.

 

10.2            This Agreement shall be binding on Pledgors and their successors, and shall be valid with respect to the Pledgee and each of its successors and assignees.

 

10.3            At any time, the Pledgee may assign any and all of its rights and obligations under the Service Agreement to its designee(s) (natural/legal person), in which case the assigns shall have the rights and obligations of the Pledgee under this Agreement, as if it were the original party to this Agreement.

 

10.4            In the event of a change in Pledgee due to an assignment, new parties to the Pledge shall execute a new pledge agreement.

 

11.   Termination

 

Upon the full payment of all liabilities and upon termination of all obligations of [Affiliated Consolidated Entity] of which equity interests are held by Pledgors under the Service Agreement, this Pledge Agreement shall be terminated, and the Pledgee shall then cancel or terminate this Agreement as soon as reasonably

 

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practicable.

 

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 costs, costs of production, stamp tax and any other taxes and fees, shall be borne by Pledgors and the Pledgee, on a 50% to 50% basis.

 

12.2         In case Pledgors fail to pay any taxes or fees it should pay, or due to any other reason, which causes the Pledgee to recourse in any other ways or means, Pledgors shall undertake all costs (including but not limited to all taxes, handling charges, management fees, court expenses, attorney fees and insurance expenses).

 

13.   Force Majeure

 

13.1         In case the performance of this Agreement is delayed or hampered by any “Force Majeure Event”, to the extent the performance is delayed or hampered, the party impacted by Force Majeure shall be exempted from any liabilities under this Agreement. “Force Majeure Event” refers to any event which is out of reasonable control of a party, and can not be avoided under reasonable care of the impacted party, including but not limited to government actions, act of God, fire, explosion, geographical change, storm, flood, earthquake, tidal, lightning or war. However, lack of credit standing, fund or financing shall not be viewed as an event out of the control of a party. The party which is impacted by a “Force Majuere Event” and seeking for exemption from liabilities under this Agreement or any provision of this Agreement shall as soon as possible notify the other party with such event to exemption and inform the steps it shall take to fulfill the performance.

 

13.2         The party impacted by Force Majuere shall be exempted from any liability for a corresponding event under this Agreement, however, such impacted party shall not be exempted from such obligation of performance, unless it has been doing its best efforts reasonably practical to perform, and the exemption shall be limited to the extent of the part of performance delayed or hampered. Once the reasons for such exemptions have been corrected or cured, all parties shall make their best efforts to proceed with performance under this Agreement.

 

14.   Disputes Resolution

 

14.1       This Agreement shall be governed by and interpreted according to the laws of the People’s Republic of China.

 

14.2       In the event of any dispute with respect to the construction and performance of any provision of this Agreement, the Parties shall resolve the dispute through friendly consultations. If a resolution can not be reached thereafter, either Party may submit the relevant dispute to the China International Economic and Trade Arbitration Commission for arbitration, in accordance

 

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with its current Arbitration Rules. The arbitration shall be conducted in Beijing, and the language used in arbitration shall be Chinese. The arbitration award shall be final and binding on all Parties.

 

15.   Notices

 

All notices dispatched from parties to exercise the rights and obligations under this Agreement shall be of written form. Notices given by personal delivery, shall be deemed effectively delivered on the date of actual arrival at the address specified for notices; notices given by telex or fax, shall be deemed effectively delivered on the date of sending, if the delivery date is not a business day or the time of delivery is out of business time, the delivery date shall be the next business day of such actual delivery date. The delivery address refers to to the Parties’ addresses set forth in the first page of this Agreement, or any address notified hereafter by written form. Written includes fax and telex.

 

16.   Amendment, Rescission and Interpretation

 

16.1      This Agreement can be amended, supplemented or rescinded after obtaining written consents of all parties, and obtaining necessary authorizations and approvals by all parties respectively; this Agreement and any amendment and supplement to it shall all constitute an indivisible part of this Agreement.

 

16.2      Each provision of this Agreement shall be independent with respect to validity; invalidity to any provision may not impact the validity of other provisions.

 

17.           Effectiveness and Miscellaneous

 

17.1      This Agreement shall come into effect upon execution by the Parties. This Agreement shall supersede and replace the Original Agreement, which shall be terminated as of the effective date of this Agreement.

 

17.2      The Pledge shall be set up upon the completion of registration with the Administration of Industry and Commerce.

 

17.3      This Agreement is written in Chinese in five (5) copies, each of which shall have equal legal effect. Each party shall hold one (1) copy respectively, and the remaining one shall be submitted to the relative administrative authority for registration.

 

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

 

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[The page hereunder is intentionally left blank for signatures.]

 

	
Pledgor A:
    	
 
    	
(Signature)
    
	
 
    	
 
    	
 
    
	
Pledgor B:
    	
 
    	
 
    
	
By:
    	
 
    	
(Signature)
    
	
Name:
    	
 
    	
 
    
	
Title:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Pledgor C:
    	
 
    	
(Signature)
    
	
Name:
    	
 
    	
 
    
	
Title:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Pledgee:
    	
Beijing   Bona New World Media Technology Co., Ltd. (Seal)
    
	
By:
    	
 
    	
 
    
	
Name:
    	
 
    	
 
    
	
Title:
    	
 
    	
 
    

 

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