Document:

EX-4.2

 Exhibit 4.2 

FIRST SUPPLEMENTAL INDENTURE 

FIRST SUPPLEMENTAL INDENTURE, dated as of July 30, 2019 (this “Supplemental Indenture”), among Array BioPharma Inc., a
Delaware corporation, as issuer (the “Company”), Pfizer Inc., a Delaware corporation, and The Bank of New York Mellon Trust Company, N.A., a national banking association, as trustee (the “Trustee”). 

RECITALS OF THE COMPANY 

WHEREAS, pursuant to the Indenture, dated as of December 1, 2017 (the “Indenture”), between the Company and the Trustee,
the Company issued $126,060,000 aggregate principal amount of 2.625% Convertible Senior Notes due 2024 (the “Securities”); 

WHEREAS, pursuant to the Agreement and Plan of Merger (the “Merger Agreement”), dated as of June 14, 2019, among the
Company, Pfizer Inc., a Delaware corporation (“Pfizer”), and Arlington Acquisition Sub Inc., a Delaware corporation and a wholly owned subsidiary of Pfizer (“Sub”), Sub will merge with and into the Company, with the
Company continuing as the surviving corporation and a wholly owned subsidiary of Pfizer (the “Merger”); 
 WHEREAS,
pursuant to the Merger Agreement, at the Effective Time (as defined in the Merger Agreement) (the “Effective Time”), each share of Company Common Stock (as defined in the Merger Agreement) issued and outstanding immediately prior to
the Effective Time, other than Excluded Shares, the Converted Shares and Dissenting Shares (each as defined in the Merger Agreement), will be converted into the right to receive $48.00 in cash, without interest, and subject to any withholding of
Taxes (as defined in the Merger Agreement); 
 WHEREAS, pursuant to Section 4.07(a) of the Indenture, the Merger constitutes a Merger
Event, and the Company is required to enter into a supplemental indenture with the Trustee providing that, from and after the Effective Time, the right to convert each $1,000 principal amount of Securities based on a number of shares of Common Stock
equal to the Conversion Rate in effect immediately prior to such Merger Event will, without the consent of the Holders, be changed into a right to convert each $1,000 principal amount of Securities into or based on a number of Units of Reference
Property equal to the Conversion Rate in effect immediately prior to such Merger Event; 
 WHEREAS, pursuant to the terms of the Merger
Agreement and Section 4.07(a) of the Indenture, each Unit of Reference Property consists of $48.00 in cash; 
 WHEREAS, the Company has
requested that the Trustee execute and deliver this Supplemental Indenture; 
 WHEREAS, the Company has heretofore delivered (or caused to
be delivered) or is delivering (or causing to be delivered) contemporaneously herewith to the Trustee an Officer’s Certificate and an Opinion of Counsel pursuant to Sections 9.04, 12.15 and 12.16 of the Indenture; and 

 

 WHEREAS, all covenants and conditions precedent provided for in the Indenture relating to
the execution of this Supplemental Indenture have been complied with. 
 NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH, for and in
consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, it is mutually agreed, for the benefit of the Company and the equal and proportionate benefit of all Holders, as follows: 

ARTICLE I 
 TERMS 

Section 1.01 Definitions. Capitalized terms used but not defined herein have the meanings ascribed to such terms in the Indenture.
In accordance with Sections 4.06(c) and 4.07(a) of the Indenture and pursuant to the terms of the Merger, 
 “Daily VWAP”
shall mean $48.00; 
 “Last Reported Sale Price” shall mean $48.00; 

“Reference Property” shall mean cash; 

“Stock Price” shall mean $48.00; and 

“Unit of Reference Property” shall mean $48.00 in cash. 

ARTICLE II 
 EFFECT OF MERGER 

Section 2.01 Conversion Right. Pursuant to Section 4.07(a) of the Indenture, from and after the Effective Time, the right to
convert each $1,000 principal amount of Securities based on a number of shares of Common Stock equal to the Conversion Rate in effect immediately prior to such Merger Event will, without the consent of the Holders, be changed into a right to convert
each $1,000 principal amount of Securities into a number of Units of Reference Property equal to the Conversion Rate in effect immediately prior to such Merger Event (subject, for the avoidance of doubt, to adjustment pursuant to Section 4.06
of the Indenture for conversions in connection with a Make-Whole Fundamental Change, if applicable). 
 ARTICLE III 

ACCEPTANCE OF SUPPLEMENTAL INDENTURE 

Section 3.01 Trustee’s Acceptance. The Trustee hereby accepts this Supplemental Indenture and agrees to perform the same
under the terms and conditions set forth in the Indenture. 

  
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 ARTICLE IV 

MISCELLANEOUS PROVISIONS 

Section 4.01 Governing Law; Consent to Jurisdiction and Waiver of Jury Trial. This Supplemental Indenture and any claim,
controversy or dispute arising under or related to this Supplemental Indenture shall be governed by, and construed in accordance with, the governing law of the Indenture. The Company agrees that any suit, action or proceeding against the Company
brought by any Holder of Securities or the Trustee arising out of or based upon this Supplemental Indenture or the Securities may be instituted in any state or Federal court in the Borough of Manhattan, New York, New York, and any appellate court
thereof, and each of the Company and the Trustee irrevocably submits to the non-exclusive jurisdiction of such courts in any suit, action or proceeding. Each of the Company and the Trustee irrevocably waives,
to the fullest extent permitted by law, any objection to any suit, action or proceeding that may be brought in connection with this Supplemental Indenture or the Securities, including such actions, suits or proceedings relating to securities laws of
the United States of America or any state thereof, in such courts whether on the grounds of venue, residence or domicile or on the ground that any such suit, action or proceeding has been brought in an inconvenient forum. Each of the Company and the
Trustee agrees that final judgment in any such suit, action or proceeding brought in such court shall be conclusive and binding upon it and may be enforced in any court to the jurisdiction of which it is subject by a suit upon such judgment. EACH OF
THE COMPANY, THE HOLDERS AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE, THE
SECURITIES OR THE TRANSACTIONS CONTEMPLATED HEREBY. 
 Section 4.03 Benefits of Supplemental Indenture. Nothing in this
Supplemental Indenture, expressed or implied, will give to any Person, other than the parties hereto, any Paying Agent, any Conversion Agent, any authenticating agent, any Security Registrar or their successors hereunder or the Holders of the
Securities, any benefit or any legal or equitable right, remedy or claim under this Supplemental Indenture. 
 Section 4.04
Execution in Counterparts. This Supplemental Indenture may be executed in any number of counterparts, each of which shall be an original, but such counterparts shall together constitute but one and the same instrument. The exchange of copies
of this Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental
Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. 

Section 4.05 Ratification of Indenture; Supplemental Indenture Part of Indenture. The Indenture, as supplemented by this
Supplemental Indenture, is in all respects ratified and confirmed, and this Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Securities heretofore or hereafter authenticated and delivered shall be bound
hereby. 

  
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 Section 4.06 The Trustee. The recitals in this Supplemental Indenture are made
by the Company only and not by the Trustee, the Trustee makes no representation as to the validity or sufficiency of this Supplemental Indenture, and all of the rights, privileges, protections, immunities and benefits afforded to the Trustee under
the Indenture are deemed to be incorporated herein, and shall be enforceable by the Trustee hereunder, in each of its capacities hereunder as if set forth herein in full. 

Section 4.07 Effect on Successors and Assigns. All agreements of the Company and the Trustee (including in its capacity as the
Security Registrar, the Paying Agent, the Bid Solicitation Agent and the Conversion Agent) in this Supplemental Indenture will bind their respective successors. 

Section 4.08 Headings, Etc. The titles and headings of the articles and sections of this Supplemental Indenture have been inserted
for convenience of reference only, are not to be considered a part hereof, and shall in no way modify or restrict any of the terms or provisions hereof. 

[Signature Pages Follow] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed as of the day and year first written above. 
  

			
	ARRAY BIOPHARMA INC.

 
			
		
	By:	 	 /s/ Jason Haddock

 

			
	Name:	 	Jason Haddock
	Title:	 	Chief Financial Officer

 [Signature Page to Supplemental Indenture] 

 
			
	PFIZER INC.

 
			
		
	By:	 	 /s/ Margaret M. Madden

			
	Name:	 	Margaret M. Madden
	Title:	 	Senior Vice President, Chief Governance Counsel and Corporate Secretary

  

  
 [Signature Page to
Supplemental Indenture] 

 
			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee

 
			
		
	By:	 	 /s/ Lawrence M. Kusch

			
	Name:	 	Lawrence M. Kusch
	Title:	 	Vice President

  

  
 [Signature Page to
Supplemental Indenture]Exhibit 4.35

 

Exclusive Option Agreement

 

This Exclusive Option Agreement (hereinafter referred to as this “Agreement”) was entered into by and among the following parties on January 23, 2019 in Beijing, China:

 

Party A:                                                Pintec (Beijing) Technology Co., Ltd.

 

Party B:                                                Hu Wei, ID card No.: 341002198206130213

Beijing Xinshun Dingye Technology Co., Ltd.

(Hereinafter collectively referred to as the “Pledgors”)

 

Party C:                                                Beijing Hongdian Fund Distributor Co., Ltd.

 

For the purpose of this Agreement, Party A, the Pledgors, and Party C are individually referred to as a “Party,” and collectively referred to as the “Parties.”

 

Whereas: the Pledgors collectively hold 100% equity interests in Party C;

 

Now therefore, the Parties hereby agree on the following terms and conditions:

 

1.                  Purchase and Sale of Shares and Assets

 

1.1.1                     Granting rights

 

1.1.2                     Each of the Pledgors hereby irrevocably grants Party A an irrevocable and exclusive right (“Share Purchase Option”) to purchase, or designate one or more persons (each, a “Designee of Equity”) to purchase, from any one of the Pledgors all or a part of the equity interests held by the Pledgors in Party C at one or multiple times at any time to the extent permitted by the laws of the People’s Republic of China (“China”) according to the exercise steps at the sole discretion of Party A and at the Share Purchase Price set forth in Article 1.3 hereof. Except for Party A and the Designee of Equity, no other person shall be entitled to the Share Purchase Option or other rights related to the equity interests of the Pledgors. Party C hereby agrees to the grant by the Pledgors of the Share Purchase Option to Party A. The term “person” as used herein shall refer to individuals, corporations, joint ventures, partnerships, enterprises, trusts, or non-corporate organizations.

 

1.1.3                     Party C hereby irrevocably grants Party A an irrevocable and exclusive right (“Assets Purchase Option”) to purchase, or designate one or more persons (each, an “Designee of Assets,” together with the Designee of Equity, “Designee”) to purchase, from Party C all or a part of Party C’s assets at one or multiple times at any time to the extent permitted by the laws of China according to the exercise steps at the sole discretion of Party A and at the Assets Purchase Price set forth in Article 1.3 hereof. Except for Party A and the Designee of Assets, no other person shall be entitled to the Assets Purchase Option or other rights related to the assets of Party C. The Pledgors agree to the grant by Party C of the Assets Purchase Option to Party A in accordance with the provisions of this Agreement.

 

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1.2       Steps for Exercise of Share Purchase Option

 

Subject to the terms and conditions hereof and to the extent permitted by Chinese laws, Party A has the absolute discretion in deciding the specific schedule, method, and number of times for exercising its options.

 

Subject to the provisions of the laws and regulations of China,  Party A may exercise its Share Purchase Option or Assets Purchase Option by giving a written notice to the Pledgors (“Purchase Notice”), specifying: (a) Party A’s decision to exercise the Share Purchase Option or Assets Purchase Option; (b) the portion of shares (“Optioned Shares”) to be purchased by Party A from the Pledgors, or the portion of assets (“Optioned Assets”) to be purchased by Party A from Party C; and (c) the date for purchasing the Optioned Shares or Optioned Assets and/or the date for transfer of the Optioned Shares or Optioned Assets.

 

Subject to the provisions of the laws and regulations of China, Party A may exercise its Assets Purchase Option by giving a written notice to Party C (“Assets Purchase Notice”), specifying: (a) Party A’s decision to exercise the Assets Purchase Option; (b) the specific assets (“Optioned Assets”) to be purchased by Party A from Party C; and (c) the date for delivery of the Optioned Assets and/or the date for transfer of the Optioned Assets.

 

When exercising its Share Purchase Option or Assets Purchase Option, Party A may accept by itself the Optioned Shares or Optioned Assets, or designate the Designee to receive the Optioned Shares or Optioned Assets in whole or in part.

 

1.3       Share Purchase Price and Assets Purchase Price

 

1.3.1                     With respect to the Optioned Shares, unless an appraisal is required by Chinese laws or regulations when Party A exercises the option, the purchase price of the Optioned Shares (“Share Purchase Price”) shall be RMB one Yuan (RMB 1.00); if the minimum price then permitted by Chinese laws is greater than the price above, the purchase price shall be the minimum price permitted by the laws. If the Pledgors receive a transfer price exceeding RMB one Yuan (RMB 1.00) for the Optioned Shares held by the Pledgors, or receive profit distribution, capital bonuses, dividends, or dividend distribution in any form made by Party C, the Pledgors acknowledge that, subject to Chinese laws, Party A is entitled to the portion of interests exceeding RMB one Yuan (RMB 1.00). The Pledgors shall instruct the relevant transferee or Party C to pay such portion of interests to the bank account then designated by Party A.

 

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1.3.2                     With respect to the Assets Purchase Option, each time Party A exercises its option, the purchase price of the Optioned Assets (“Assets Purchase Price”) shall be the net book value of the Optioned Assets; provided, however, that if the minimum price then permitted by Chinese laws is greater than the net book value above, the transfer price shall be the minimum price permitted by Chinese laws.

 

1.4       Transfer of the Optioned Shares and Optioned Assets

 

Each time Party A exercises the Share Purchase Option or Assets Purchase Option:

 

1.4.1                    the Pledgors and Party C shall cause Party C to promptly convene a shareholders’ meeting and/or board meeting (as applicable), at which a resolution shall be adopted approving the Pledgors to transfer the equity interests to Party A and/or the Designee of Equity or approving Party C to transfer the assets to Party A and/or the Designee of Assets ;

 

1.4.2                    the Pledgors or Party C (as applicable) shall execute a Share Transfer Agreement or Assets Transfer Agreement (collectively, “Transfer Agreement”) with respect to each transfer with Party A and/or the Designee (as applicable) in accordance with the provisions of this Agreement and the corresponding Purchase Notice.

 

1.4.3                    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 the valid ownership of the Optioned Shares or Optioned Assets to Party A and/or the Designee (as applicable) free from any security interests, and cause Party A and/or the Designee to become the registered owner of the Optioned Shares or Optioned Assets (if necessary). For the purpose of this article and this Agreement, “Security Interests” include guarantee, mortgage, pledge, lien, claim, third-party rights or interests, as well as any share option, acquisition right, right of first refusal, set-off right, ownership retention, or other security arrangement, but for clarity, do not include any security interests creating under this Agreement or the Pledgors’ Share Pledge Agreement. The “the Pledgors’ Share Pledge Agreement  “ as used in this article and this Agreement refers to the Share Pledge Agreement executed among Party A, the Pledgors, and Party C as of the date of this Agreement; under the Pledgors’ Share Pledge Agreement, the Pledgors pledge all the equity interests they held in Party C to Party A, so as to guarantee the obligations of the Pledgors hereunder and guarantee Party C’s performance of its obligations under the Exclusive Business Cooperation Agreement executed by and between Party C and Party A and the obligations under other related agreements.

 

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2.                  Undertakings

 

2.1                     Undertakings related to Party C

 

The Pledgors (as the shareholders of Party C) and Party C hereby undertake that:

 

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

 

2.1.2                    They shall maintain Party C’s corporate existence in accordance with good financial and business standards and practices by prudently and effectively operating its business and handling its affairs;

 

2.1.3                    Without the prior written consent of Party A, they shall not at any time following the date hereof, sell, transfer, mortgage, pledge, or otherwise dispose of any shares, assets, or the legal or beneficial interests in the business or revenues of Party C, or allow the imposition of any security interests thereon;

 

2.1.4                    Without the prior written consent of Party A, they shall not incur, inherit, guarantee, or allow the existence of any debts except for (i) debts incurred during the normal business operation instead of borrowing, and (ii) debts that have been disclosed to Party A and agreed by Party A in writing;

 

2.1.5                    They shall ensure to operate all the businesses of Party C as in normal business operation to maintain the assets values of Party C, and refrain from any act/omission that may affect Party C’s operating conditions and assets values;

 

2.1.6                    Without the prior written consent of Party A, they shall not cause Party C to execute any material agreement except for agreements executed in the normal business operation (for the purpose of this paragraph, an agreement with a value exceeding RMB 100,000 shall be deemed as a material agreement);

 

2.1.7                    Without the prior written consent of Party A, they shall not cause Party C to provide loans, credits, guarantee, or assurance to any person;

 

2.1.8                    At the request of Party A, they shall provide Party A with all the materials with respect to the operating and financial conditions of Party C;

 

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2.1.9                    If requested by Party A, they shall purchase and maintain insurance covering Party C’s assets and business from an insurer consented by Party A with the amount and type of coverage matching with the insurance purchased by companies operating similar businesses;

 

2.1.10             Without the prior written consent of Party A, they shall not cause or allow Party C to combine or merge with any person, to acquire or invest in any person, or to be acquired by or receive investments from any person;

 

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

 

2.1.12             They shall immediately notify Party A of any actual or possible litigation, arbitration, or administrative proceedings related to Party C’s assets, business, or revenues;

 

2.1.13             They shall execute all necessary or appropriate documents, take all necessary or appropriate actions, and file all necessary or appropriate claims or raise necessary or appropriate defenses against all claims to maintain Party C’s ownership in all the assets of Party C;

 

2.1.14             Without the prior written consent of Party A, they shall ensure that Party C shall not distribute distributable profits, capital bonuses, or dividends to its shareholders in any manner; provided, however, that once requested by Party A in writing, Party C shall immediately distribute all distributable profits, capital bonuses, or dividends to its shareholders;

 

2.1.15             At the request of Party A, they shall appoint any person designated by Party A as the director or supervisor of Party C, or other officer appointed and dismissed by the Pledgors;

 

2.1.16             They shall promptly inform Party A of any conditions that may cause material adverse effects on the existence, business operation, financial conditions, assets, or goodwill of Party C, and shall promptly take all measures acceptable to Party A to eliminate such adverse conditions or to take effective remedy measures with respect thereto; and

 

2.1.17             At the request of Party A at any time, Party C shall immediately and unconditionally transfer the Optioned Assets to Party A and/or the Designee according to the Assets Purchase Option hereunder.

 

2.2                     Undertakings of the Pledgors

 

The Pledgors hereby undertake that:

 

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2.2.1                    Without the prior written consent of Party A, the Pledgors shall not sell, transfer, mortgage, pledge, or otherwise dispose of any legal or beneficial interests they held in the equity interests in Party C, or allow the encumbrance thereon of any security interest, except for the pledge imposed on the equity interests in accordance with the Pledgors’ Share Pledge Agreement;

 

2.2.2                    the Pledgors shall cause the shareholders’ meeting and/or board of directors of Party C not to, without the prior written consent of Party A, grant its approval for selling, transferring, mortgaging, pledging, or otherwise disposing of any legal or beneficial interests held by the Pledgors in the equity interests in Party C, or allowing the encumbrance thereon of any security interest, except for the pledge imposed on the equity interests in accordance with the Pledgors’ Share Pledge Agreement;

 

2.2.3                    the Pledgors shall cause the shareholders’ meeting or board of directors of Party C not to, without the prior written consent of Party A, grant its approval for combining or merging with any person, for acquiring or investing in any person, or for being acquired by or receiving investments from any person;

 

2.2.4                    the Pledgors shall immediately notify Party A of any actual or possible litigation, arbitration, or administrative proceedings with respect to Party C’s equity interests or assets owned by the Pledgors;

 

2.2.5                    the Pledgors shall cause the shareholders’ meeting or board of directors of Party C to vote for their approval with respect to the transfer of the Optioned Shares or Optioned Assets set forth in this Agreement, and take any and all other acts that may be requested by Party A;

 

2.2.6                    the Pledgors shall execute all necessary or appropriate documents, take all necessary or appropriate actions, and file all necessary or appropriate claims or raise necessary or appropriate defenses against all claims to maintain their ownership in the equity interests of Party C;

 

2.2.7                    At the request of Party A, the Pledgors shall appoint any person designated by Party A as the director of Party C;

 

2.2.8                    At the request of Party A at any time, the Pledgors shall immediately and unconditionally transfer all the equity interests they held in Party C to Party A and/or the Designee of Equity according to the Share Purchase Option hereunder, and the Pledgors hereby waive their right of first refusal (if any) over the transfer of shares made by other shareholders of Party C; and

 

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2.2.9                    The Pledgors shall strictly abide by the provisions of this Agreement and other agreements executed by Party B and Party C jointly or severally with Party A, perform the obligations under this and other agreements, and refrain from any act/omission that may affect the validity and enforceability thereof. If the Pledgors have any residual right over the equity interest under this Agreement, under the Pledgors’ Share Pledge Agreement executed by the Parties hereto, or under the Power of Attorney granted with Party A as the beneficiary, the Pledgors shall not exercise such right unless instructed by Party A in writing.

 

3.              Representations and Warranties

 

The Pledgors and Party C hereby jointly and severally represent and warrant to Party A as of the execution date hereof and each date of transfer of the Optioned Shares or Optioned Assets:

 

3.1                     They have the full and independent legal status and legal capacity to execute, deliver, and perform this Agreement, and may sue or be sued as an independent party. Moreover, they have the authority to execute and deliver this Agreement and any Transfer Agreement, and perform their obligations under this Agreement and any Transfer Agreement. The Pledgors and Party C agree to execute the Transfer Agreement consistent with the terms hereof when Party A or the Designee exercises the Share Purchase Option or Assets Purchase Option. This Agreement and the Transfer Agreement to which they are a party constitute or will constitute their lawful, valid, and binding obligations, and shall be enforceable against them in accordance with the provisions thereof;

 

3.2                     The execution and delivery of and the obligations under this Agreement or any Transfer Agreement will not: (i) result in any violation of any applicable laws of China; (ii) conflict with the articles of association, bylaws, or other organizational documents of Party C; (iii) result in violation of any agreement or document to which they are parties or which are binding upon them, or constitute any breach under any agreement or document to which they are parties or which are binding upon them; (iv) result in any violation of any conditions for the granting and/or continuous validity of any license or permit granted to any of them; or (v) result in suspension or revocation of or imposition of additional conditions on any license or permit granted to any of them;

 

3.3                     The Pledgors have good and marketable title to the shares they held in Party C. The Pledgors have not placed any security interests on such shares except for those specified in the Pledgors’ Share Pledge Agreement;

 

3.4                     Party C has good and marketable title to all its assets, and has not placed any security interest on such assets;

 

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3.5                    Party C has no outstanding debts except for (i) debts incurred during its normal business operation, and (ii) debts that have been disclosed to Party A and agreed by Party A in writing;

 

3.6                    There are no pending or threatened litigation, arbitration, or administrative proceedings related to the equity interests held in Party C, to Party C’s assets, or to Party C;

 

3.7                    Except for the share pledge registration with the administration for industry and commerce in accordance with the provisions of the Pledgors’ Share Pledge Agreement, the execution and performance of this Agreement and the granting or exercise of the Share Purchase Option or Assets Purchase Option under this Agreement are not subject to the consent, approval, waiver, or authorization of any third party, or the approval, permit, or exempt of any government authority, or the registration or filing formalities with any government authority.

 

4.                  Effective Date

 

This Agreement shall become effective on the date hereof, and remain effective for a term of 10 years, and may be renewed at Party A’s election. If Party A elects to renew this Agreement, the renewed validity period shall be decided by Party A, and the Pledgors and Party C shall unconditionally accept such renewal and renewed validity period.

 

5.                  Applicable Laws and Dispute Resolution

 

5.1                    Applicable Laws

 

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

 

5.2                    Method of Dispute Resolution

 

In the event of any dispute arising from the construction and performance of this Agreement, the Parties shall first resolve such dispute through friendly negotiation. If the Parties fail to reach an agreement in resolving such dispute within 30 days after any Party’s request to the other Parties for resolution of the dispute through negotiation, any Party may submit the relevant dispute to China International Economic and Trade Arbitration Commission for arbitration in accordance with its arbitration rules then in effect. The arbitration shall be conducted in Beijing, and the language to be used in the arbitration shall be Chinese. The arbitration award shall be final and be binding on all Parties.

 

6.                  Taxes and Expenses

 

Each Party shall, in accordance with the laws of China, pay any and all transfer and registration taxes, expenditures, and expenses incurred by or imposed on such  Party with respect to the preparation and execution of this Agreement and the Transfer Agreement and the consummation of the transaction contemplated under this Agreement and the Transfer Agreement.

 

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Notwithstanding any provisions to the contrary, if a tax authority adjusts the tax base on the ground that the Share Purchase Price or Assets Purchase Price is not a reasonable transfer price, the additional taxes shall be borne by the Pledgors (applicable when Party A exercises the Share Purchase Option) or Party C (applicable when Party A exercises the Assets Purchase Option).

 

7.                  Notice

 

7.1                     All notices and other communications required or permitted to be given in accordance with this Agreement shall be delivered personally or sent by registered mail, postage prepaid, by commercial courier service, or by facsimile transmission to the contact address of a Party. With respect to each notice, one confirmation copy shall be sent via email. The date on which such notice is deemed as being effectively delivered shall be determined as follows:

 

7.1.1                     Notices given by personal delivery, by courier service or by registered mail, postage prepaid, shall be deemed as effectively delivered on the date of receipt or refusal at the designated receiving address.

 

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

 

7.2                     Any Party may change its notice receiving address at any time by sending a notice to other Parties as provided in this article.

 

8.                  Confidentiality Obligations

 

The Parties acknowledge that, any oral or written information exchanged among them with respect to this Agreement shall be confidential information. Each Party shall keep the confidentiality of all such information, and shall not disclose any of the relevant information to any third party prior to the written consent of other Parties, except for the following cases: (a) the public is or will be aware of such information (other than being disclosed to the public by the Party receiving such information); (b) the information is required to be disclosed under applicable laws or the rules or regulations of any securities exchange; or (c) any Party needs to disclose the information to its legal or financial advisors with respect to the transaction contemplated under this Agreement; provided, however, that such legal or financial advisors shall also comply with the confidentiality obligations similar to this Article. The disclosure of any confidential information made by the staff or institution engaged by any Party shall be deemed as the disclosure of such confidential information made by such Party, and such Party shall be held liable for violation of this Agreement. This article shall survive the termination of this Agreement for any reason.

 

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9.                  Further Warranties

 

The Parties agree to: promptly enter into the documents that are reasonably necessary for or favorable to the performance of the provisions and the objective of this Agreement, and take further measures that are reasonably necessary for or favorable to the performance of the provisions and the objective of this Agreement.

 

10.           Miscellaneous

 

10.1                        Amendment, Modification, and Supplement

 

Any amendment, modification, and supplement made to this Agreement shall be subject to a written agreement executed by the Parties.

 

10.2                        Entire Agreement

 

Except for the amendment, supplement, or modification made in writing after the execution of this Agreement, this Agreement shall constitute an entire agreement reached by the Parties hereto with respect to the subject matter hereof, and supersede all prior oral and written negotiation, statement, and agreement reached with respect to the subject matter hereof.

 

10.3                        Headings

 

The headings in this Agreement are provided for the ease of reference only, and shall not be used to interpret, clarify, or otherwise affect the meanings provided in the provisions hereof.

 

10.4                        Language

 

This Agreement is made in Chinese in originals, each original shall have the same legal force.

 

10.5                        Severability

 

If one or more provisions hereof are held to be invalid, illegal, or unenforceable in any aspect under any laws or regulations, the validity, legality, or enforceability of the remaining provisions hereof shall not be affected or compromised in any aspect. The Parties shall strive in good faith to replace such invalid, illegal, or unenforceable provisions with valid 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.

 

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10.6                        Assignment

 

Without the prior written consent of Party A, other Parties shall not assign any rights and/or obligations hereunder to any third party. The Pledgors and Party C agree that, without their consent, Party A has the right to unilaterally assign any of its rights/obligations hereunder to any third party; provided, however, that other Parties shall be notified in writing.

 

10.7                        Successor

 

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

 

10.8                        Survival

 

10.8.1             Any obligations that occur or that are due as a result of this Agreement prior to the expiration or early termination of this Agreement shall survive the expiration or early termination of this Agreement.

 

10.8.2             The provisions of Article 5, Article 7, Article 8, and this Article 10 shall survive the termination of this Agreement.

 

10.9                        Waiver

 

Any Party may waive the terms and conditions hereof; provided, however, that such waiver shall be made in writing and be signed by the Parties. No waiver made under certain circumstances by any Party with respect to the breach of other Parties shall be deemed as a waiver of such Party with respect to similar breaches under other circumstances.

 

- Signature pages below -

 

11

 

This page is the signature page to the Exclusive Option Agreement.

 

Party A:

 

Pintec (Beijing) Technology Co., Ltd. (Stamp)

 

	
Legal   representative: 
    	
/s/ Wei Wei
    	
 
    

 

 

This page is the signature page to the Exclusive Option Agreement.

 

Party B 1:

 

Hu Wei

 

	
Signature: 
    	
/s/ Hu Wei
    	
 
    

 

 

This page is the signature page to the Exclusive Option Agreement.

 

Party B 2:

 

Beijing Xinshun Dingye Technology Co., Ltd. (Stamp)

 

	
Legal   representative: 
    	
/s/ Zheng Yudong
    	
 
    

 

 

This page is the signature page to the Exclusive Option Agreement.

 

Party C:

 

Beijing Hongdian Fund Distributor Co., Ltd. (Stamp)

 

	
Legal   representative: 
    	
/s/ Zheng Yudong

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00298-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00298-of-00352.parquet"}]]