Document:

Exhibit 10.20

 

	
DATED
    	
 
    	
April 20, 2018
    

 

 

EXCLUSIVE BUSINESS COOPERATION AGREEMENT

 

 

 

Exclusive Business Cooperation Agreement

 

This Exclusive Business Cooperation Agreement (this “Agreement”) is made and entered into by and between the following Parties on the 20th day of April, 2018 in Shenzhen, People’s Republic of China (“PRC” or “China”).

 

Party A:           Shenzhen Samoyed Information Technology Co., Ltd, a limited liability company organized and existing under the laws of PRC, with its address at Building A, No. 1, Qian Wan Yi Road, Qianhai Harbour Co-operation Zone, Shenzhen, PRC; and

 

Party B:           Shenzhen Samoyed Internet Finance Service Co., Ltd, a limited liability company organized and existing under the laws of PRC, with its address at 29-G2, Building 2, China Phoenix Mansion, 2008 Shen Nan Avenue, Fu Zhong Community, Lian Hua Jie Dao, Fu Tian District, Shenzhen, PRC.

 

Each of Party A and Party B shall be hereinafter referred to as a “Party” respectively, and as the “Parties” collectively.

 

Whereas:

 

1.                                      Party A is a Wholly Foreign Owned Enterprise established in China, and has the necessary resources to provide technical services and business consulting services;

 

2.                                      Party B is a company with exclusively domestic capital registered in China and carries out the credit card refinancing business in China;

 

3.                                      Party A is willing to provide Party B, on an exclusive basis, with technical, consulting and other services in relation to the financial technology and consumer services business of Party B during the term of this Agreement, utilizing its own advantages in human resources, technology and information, and Party B is willing to accept such exclusive services provided by Party A or Party A’s designee(s), each on the terms set forth herein.

 

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

 

1.                                      SERVICES PROVIDED BY PARTY A

 

1.1                               Party B hereby appoints Party A as Party B’s exclusive services provider to provide Party B with comprehensive business support and technical and consulting services during the term of this Agreement, in accordance with the terms and conditions of this Agreement, which may include all services within the business scope of Party B as may be determined from time to time by Party A, including, but not limited to, technical services, network support, business consultations, intellectual property licenses, equipment or property leasing, marketing consultancy, system integration, product research and development, and system maintenance.

 

 

1.2                               Party B agrees to accept all the consultations and services provided by Party A. Party B further agrees that unless with Party A’s prior written consent, during the term of this Agreement, Party B shall not directly or indirectly accept the same or any similar consultations and/or services provided by any third party and shall not establish similar cooperation relationship with any third party regarding the matters contemplated by this Agreement. Party A may appoint other parties, who may enter into certain agreements described in Section 1.3 with Party B, to provide Party B with the consultations and/or services under this Agreement.

 

1.3                               Service Providing Methodology

 

1.3.1                     Party A and Party B agree that during the term of this Agreement, both Parties, directly or through their respective affiliates, may enter into further technical service agreements or consulting service agreements, which shall provide the specific contents, manner, personnel, and fees for the specific technical services and consulting services.

 

1.3.2                     To fulfill this Agreement, Party A and Party B agree that during the term of this Agreement, both Parties, directly or through their respective affiliates, may enter into intellectual property (including, but not limited to, software, trademark, patent and know-how) license agreements, which shall permit Party B to use Party A’s relevant intellectual property rights, at any time and from time to time based on the needs of the business of Party B.

 

1.3.3                     To fulfil this Agreement, Party A and Party B agree that during the term of this Agreement, both Parties, directly or through their respective affiliates, may enter into equipment or property leases which shall permit Party B to use Party A’s relevant equipment or property based on the needs of the business of Party B.

 

2.                                      CALCULATION AND PAYMENT OF SERVICE FEES

 

The service fee charged by Party A shall, in principal, equal to 100% of the net profit of the Party B (but in case such net profit is less than zero, the service fee shall equal to zero). Party A may settle such fee on half-yearly basis (or such other intermittence as approval by two-thirds of the board member of Party A) by sending an invoice to Party B for the preceding calculating period. The Parties agree that with respect to the service provided by Party A, the service fee shall be determined based the technical difficulties and complexity of the service provided, the time spent by staff of the Party A in providing such service, the content of the service provided and the intellectual properties provided and the commercial value thereof, and the market value of the similar service, intellectual properties, equipment and factored leased. The time of the invoicing and the amount of the service fee charged shall be approved by the board of Party A following its due decision making procedure.

 

The Parties agree that the service fees under this Agreement may be determined and paid based on the methods set forth in the separate agreements to be entered between Party A and Party B described in Section 1.3, provided such agreement does not contravene the principal set out in the preceding paragraph which can be amended by unanimous approval of the board of Party A.

 

Strictly Confidential

 

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3.                                      INTELLECTUAL PROPERTY RIGHTS AND CONFIDENTIALITY CLAUSES

 

3.1                               Party A shall have exclusive and proprietary rights and interests in all rights, ownership, interests and intellectual properties arising out of or created during the performance of this Agreement, including, but not limited to, copyrights, patents, patent applications, trademarks, software, technical secrets, trade secrets and others, regardless of whether they have been developed by Party A or Party B.

 

3.2                               The Parties acknowledge that the existence and the terms of this Agreement and any oral or written information exchanged between the Parties in connection with the preparation and performance of this Agreement are regarded as confidential information. Each Party shall maintain the confidentiality of all such confidential information, and without obtaining the written consent of the other Party, it shall not disclose any relevant confidential information to any third party, 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 orders of any court or other government authorities; 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 agencies 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.

 

3.3                               The Parties agree that this Section shall survive changes to, and rescission or termination of, this Agreement.

 

4.                                      REPRESENTATIONS AND WARRANTIES

 

4.1                               Party A hereby represents and warrants as follows:

 

4.1.1                     Party A is a company legally registered and validly existing in accordance with the laws of the PRC.

 

4.1.2                     Party A’s execution and performance of this Agreement is within its corporate capacity and the scope of its business operations; Party A has taken necessary corporate actions and been given appropriate authorization and has obtained the consent and approval from third parties and government agencies, and will not violate any restrictions in law or otherwise binding or having an impact on Party A.

 

4.1.3                     This Agreement constitutes Party A’s legal, valid and binding obligations, enforceable in accordance with its terms.

 

4.2                               Party B hereby represents and warrants as follows:

 

4.2.1                     Party B is a company legally registered and validly existing in accordance with the laws of the PRC and may engage in credit card re-financing business as approved by the relevant governmental authorities of the PRC;

 

4.2.2                     Party B’s execution and performance of this Agreement is within its corporate capacity and the scope of its business operations; Party B has taken necessary corporate actions and given appropriate authorization and has obtained the consent and approval from third parties and government agencies, and will not violate any restrictions in law or otherwise binding or having an impact on Party B.

 

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4.2.3                     This Agreement constitutes Party B’s legal, valid and binding obligations, and shall be enforceable against it.

 

5.                                      EFFECTIVENESS AND TERM

 

5.1                               This Agreement is executed on the date first above written and shall take effect as of such date. Unless earlier terminated in accordance with the provisions of this Agreement or relevant agreements separately executed between the Parties, the term of this Agreement shall be ten (10) years.  After the execution of this Agreement, both Parties shall review this Agreement every three (3) months to determine whether to amend or supplement the provisions in this Agreement based on the actual circumstances at that time.

 

5.2                               The term of this Agreement may be extended if confirmed in writing by Party A prior to the expiration thereof. The extended term shall be determined by Party A, and Party B shall accept such extended term unconditionally.

 

6.                                      TERMINATION

 

6.1                               Unless renewed in accordance with the relevant terms of this Agreement, this Agreement shall be terminated upon the date of expiration hereof.

 

6.2                               During the term of this Agreement, unless Party A commits gross negligence, or a fraudulent act, against Party B, Party B shall not terminate this Agreement prior to its expiration date. Nevertheless, Party A shall have the right to terminate this Agreement upon giving thirty (30) days’ prior written notice to Party B at any time.

 

6.3                               The rights and obligations of the Parties under Articles 3, 7, 8 and this Article 6.3 shall survive the termination of this Agreement.

 

7.                                      GOVERNING LAW AND RESOLUTION OF DISPUTES

 

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

 

7.2                               In the event of any dispute with respect to the construction and performance of the provisions of this Agreement, the Parties shall negotiate in good faith to resolve the dispute. In the event the Parties fail to reach an agreement on the resolution of such a dispute within thirty (30) days after any Party’s request for resolution of the dispute through negotiations, any Party may submit the relevant dispute to the Shenzhen Court of International Arbitration (“SCIA”) for arbitration, in accordance with its then-effective arbitration rules. The arbitration shall be conducted in Shenzhen, and the language used during arbitration shall be Chinese. The arbitration ruling shall be final and binding on both Parties.

 

7.3                               Upon the occurrence of any disputes arising from the construction and performance of this Agreement or during the pending arbitration of any dispute, except for the matters under dispute, the Parties to this Agreement shall continue to exercise their respective rights under this Agreement and perform their respective obligations under this Agreement.

 

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8.                                    INDEMNIFICATION

 

Party B shall indemnify and hold harmless Party A from any losses, injuries, obligations or expenses caused by any lawsuit, claims or other demands against Party A arising from or caused by the consultations and services provided by Party A at the request of Party B, except where such losses, injuries, obligations or expenses arise from the gross negligence or willful misconduct of Party A.

 

9.                                    NOTICES

 

9.1                               All notices and other communications required or permitted to be given pursuant to this Agreement shall be delivered personally or sent by registered mail, postage prepaid, by a commercial courier service or by facsimile transmission to the address of such Party set forth below.  A confirmation copy of each notice shall also be sent by email.  The dates on which notices shall be deemed to have been effectively given shall be determined as follows:

 

9.1.1                     Notices given by personal delivery, by courier service or by registered mail, postage prepaid, shall be deemed effectively given on the date of delivery or refusal at the address specified for notices.

 

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

 

9.2                               For the purpose of notices, the addresses of the Parties are as follows:

 

	
Party A:
    	
 
    	
Shenzhen Samoyed Information Technology Co., Ltd
    
	
Address:
    	
 
    	
B4-902, Kexing Science Park, 15 Keyuan Road, Nanshan   District, Shenzhen, PRC
    
	
Attn:
    	
 
    	
Wang Xiaojun
    
	
Phone:
    	
 
    	
XXXXXX
    
	
 
    	
 
    	
 
    
	
Party B:
    	
 
    	
Shenzhen Samoyed Internet Finance Service Co., Ltd
    
	
Address:
    	
 
    	
29-G2, Building 2, China Phoenix Mansion, 2008 Shen   Nan Avenue, Fu Zhong Community, Lian Hua Jie Dao, Fu Tian District, Shenzhen,   PRC
    
	
Attn:
    	
 
    	
HU Chaomei
    
	
Phone:
    	
 
    	
XXXXXX
    

 

9.3                               Any Party may at any time change its address for notices by a notice delivered to the other Party in accordance with the terms hereof.

 

10.                               ASSIGNMENT

 

10.1                        Without Party A’s prior written consent, Party B shall not assign its rights and obligations under this Agreement to any third party.

 

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10.2                        Party B agrees that Party A may assign its obligations and rights under this Agreement to any third party upon a prior written notice to Party B but without the consent of Party B.

 

11.                             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 provisions of this Agreement 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 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.

 

12.                             AMENDMENTS AND SUPPLEMENTS

 

Any amendments and supplements to this Agreement shall be in writing. The amendment agreements and supplementary agreements that have been signed by the Parties and that relate to this Agreement shall be an integral part of this Agreement and shall have the same legal validity as this Agreement.

 

13.                             LANGUAGE AND COUNTERPARTS

 

This Agreement is written in both Chinese and English language in two copies, each Party having one copy with equal legal validity; in case there is any conflict between the Chinese version and the English version, the Chinese version shall prevail.

 

[The remainder of this page is intentionally left blank.]

 

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

 

 

	
Party A:   Shenzhen Samoyed Information Technology Co., Lt
    
	
 
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/LIN Jianming
    	
 
    
	
 
    	
 
    
	
Name:
    	
LIN Jianming
    	
 
    
	
 
    	
 
    
	
Title:
    	
Legal Representative/Authorized Signatory
    	
 
    
	
 
    	
 
    
	
Date:April 20,   2018
    	
 
    

 

 

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

 

 

	
Party B:Shenzhen Samoyed Internet   Finance Service Co., Ltd
    
	
 
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/LIN Jianming
    	
 
    
	
 
    	
 
    
	
Name:
    	
LIN Jianming
    	
 
    
	
 
    	
 
    
	
Title:
    	
Legal Representative/Authorized Signatory
    	
 
    
	
 
    	
 
    
	
Date:April 20,   2018
    	
 
    

 

2Exhibit 10.21

 

	
DATED
    	
April 20,   2018
    

 

	
 
    	
 
    	
 
    
	
 
    	
EXCLUSIVE   OPTION AGREEMENT
    	
 
    
	
 
    	
 
    	
 
    

 

 

 

Exclusive Option Agreement

 

This Exclusive Option Agreement (this “Agreement”) is executed by and among the following Parties as of the 20th day of April, 2018 in Shenzhen, People’s Republic of China (“PRC” or “China”):

 

	
Party A:
    	
 
    	
Shenzhen Samoyed Information Technology Co., Ltd, a   limited liability company organized and existing under the laws of PRC, with   its address at Building A, No. 1, Qian Wan Yi Road, Qianhai Harbour   Co-operation Zone, Shenzhen, PRC;
    
	
 
    	
 
    	
 
    
	
Party B:
    	
 
    	
Natural person or entity as listed in the Schedule I   hereto ; and
    
	
 
    	
 
    	
 
    
	
Party C:
    	
 
    	
Shenzhen Samoyed Internet Finance Service Co., Ltd,   a limited liability company organized and existing under the laws of PRC,   with its address at 29-G2, Building 2, China Phoenix Mansion, 2008 Shen Nan   Avenue, Fu Zhong Community, Lian Hua Jie Dao, Fu Tian District, Shenzhen,   PRC.
    

 

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 B hold 100% of the equity interests in Party   C;
    
	
 
    	
 
    	
 
    
	
2.
    	
 
    	
To the extent not prohibited by PRC laws, each Party   B wish to transfer the equity interest of Party C held by it/him to Party A   or Designee (as defined in Section 1.1), and Party A wishes to accept   such transfer.
    
	
 
    	
 
    	
 
    
	
3.
    	
 
    	
In order to realize such transfer, each Party B   irrevocably agrees to grant an Equity Interest Purchase Option (as defined in   Section 1.1) to purchase all or part of the equity interest of Party C   held by such Party B, upon request of Party A and to the extent permitted by   the PRC laws, each Party agrees to transfer such equity interest to Party A   or Designee in accordance with this Agreement.
    

 

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

 

1.                                      SALE AND PURCHASE OF EQUITY INTEREST

 

1.1                               Option Granted

 

Each Party B 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 then held by such Party B once or at multiple times at any time in part or in whole at Party A’s sole and absolute discretion to the extent permitted by PRC laws and at the price described in Section 1.3 herein (such right being the “Equity Interest Purchase Option”). As of the date hereof, the equity interest of Party C held by each Party B are listed in the Schedule I. Unless for the purpose of performing the Restructuring Agreement executed by Party C and relevant parties thereto on February 12, 2018 (“Restructuring Agreement”),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 B.  Party C hereby agrees to the grant by Party B of the Equity Interest Purchase Option to Party A.  The term “person” as used herein shall refer to individuals, corporations, partnerships, partners, enterprises, trusts or non-corporate organizations.

 

Strictly Confidential

 

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1.2                               Steps for Exercise of Equity Interest Purchase Option

 

Subject to the provisions of the laws and regulations of the PRC, Party A may exercise the Equity Interest Purchase Option by issuing a written notice to Party B (“Equity Interest Purchase Option Notice”), specifying: (a) Party A’s decision to exercise the Equity Interest Purchase Option, and the name of the Designee(s) if any; (b) the portion of equity interests to be purchased from Party B (“Optioned Interests”); and (c) the date for purchasing the Optioned Interests and/or the date for transfer of the Optioned Interests.

 

1.3                               Equity Interest Purchase Price

 

Unless an appraisal is required by PRC law applicable to the Equity Interest Purchase Option when exercised by Party A, the purchase price of the Optioned Interests (“Equity Interest Purchase Price”) shall equal to the minimum price permitted by applicable law. If any Equity Interest Purchase Price is actually paid, Party B shall reimburse the same amount to Party A.

 

1.4                               Transfer of Optioned Interests

 

For each exercise of the Equity Interest Purchase Option:

 

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

 

1.4.2                     Each Party B shall execute a share transfer contract with respect to each transfer with Party A and/or each Designee (whichever is applicable), in accordance with the provisions of this Agreement and the Equity Interest Purchase Option Notice regarding the Optioned Interests;

 

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 valid ownership of the Optioned Interests to Party A and/or the Designee(s), unencumbered by any security interests, and cause Party A and/or the Designee(s) to become the registered owner(s) of the Optioned Interests. For the purpose of this Section and this Agreement, “security interests” shall include securities, mortgages, third party’s rights or interests, any stock options, acquisition right, right of first refusal, right to offset, ownership retention or other security arrangements, but shall be deemed to exclude any security interest created by this Agreement and Party B’s Share Pledge Agreement. “ Share Pledge Agreement” as used in this Section and this Agreement shall refer to the Share Pledge Agreement executed by and among Party B, Party C and Party A as of the date hereof, whereby each Party B pledges all of its/his equity interests in Party C to Party A, in order to guarantee Party C’s performance of its obligations under the Exclusive Business Corporation Agreement executed by and between Party C and Party A.

 

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2.                                      COVENANTS

 

2.1                               Covenants regarding Party C

 

Each Party B (as a shareholder of Party C) and Party C hereby covenant as follows:

 

2.1.1                     Unless for the purpose of performing the transactions set forth under the Restructuring Agreement, 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 change its structure of registered capital in other manners;

 

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 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;

 

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

 

2.1.5                     They 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;

 

2.1.6                     Without the prior written consent of Party A, they shall not cause Party C to 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 10,000,000 shall be deemed a major contract);

 

2.1.7                     Without the prior written consent of Party A, they shall not cause Party C to provide any person with any loan or credit except for (i) those in the ordinary course of business; and (ii) disclosed to Party A for which Party A’s written consent has been obtained;

 

2.1.8                     They shall provide Party A with information on Party C’s business operations and financial condition at Party A’s request;

 

2.1.9                     If requested by Party A, they shall procure and maintain 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;

 

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2.1.10              Without the prior written consent of Party A, they shall not cause or permit Party C to merge, consolidate with, acquire or invest in any person;

 

2.1.11              They 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;

 

2.1.12              To maintain the ownership by Party C of all of its assets, they 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;

 

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

 

2.1.14              At the request of Party A, they shall appoint any persons designated by Party A as directors of Party C.

 

2.2                               Covenants of Party Band Party C

 

Each Party B and Party C hereby covenants as follows:

 

2.2.1                     without the prior written consent of Party A, it/he 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 it/him, or allow the encumbrance thereon of any security interest, except for the pledge placed on these equity interests in accordance with Share Pledge Agreement and the purpose of performing the transactions set forth under the Restructuring Agreement;

 

2.2.2                     it/he shall cause the shareholders’ meeting and/or the board of directors 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 it/him, or allow the encumbrance thereon of any security interest, without the prior written consent of Party A, except for the pledge placed on these equity interests in accordance with Party B’s Share Pledge Agreement and the purpose of performing the transactions set forth under the Restructuring Agreement;

 

2.2.3                     it/he shall cause the shareholders’ meeting or the board of directors 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;

 

2.2.4                     it/he 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 it/him;

 

2.2.5                     it/he shall cause the shareholders’ meeting or the board of directors of Party C to vote their approval of the transfer of the Optioned Interests as set forth in this Agreement and to take any and all other actions that may be requested by Party A;

 

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2.2.6                     To the extent necessary to maintain its/his ownership in Party C, it/he 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;

 

2.2.7                     it/he shall appoint any designee of Party A as director and senior management of Party C, at the request of Party A;

 

2.2.8                     at the request of Party A at any time, it/he shall promptly and unconditionally transfer its/his equity interests in Party C to Party A and/or Party A’s Designee(s) in accordance with the Equity Interest Purchase Option under this Agreement, and it/he hereby waives its/his right of first refusal to the share transfer by the other existing shareholders of Party C (if any); and

 

2.2.9                     it/he shall strictly abide by the provisions of this Agreement and other contracts jointly or separately executed by and among Party B, Party C and Party A, perform the obligations hereunder and thereunder, and refrain from any action/omission that may affect the effectiveness and enforceability thereof.  To the extent that it/he has any remaining rights with respect to the equity interests subject to this Agreement hereunder or under the Share Pledge Agreement among the same parties hereto or under the Power of Attorney granted in favor of Party A, it/he shall not exercise such rights except in accordance with the written instructions of Party A.

 

3.                                      REPRESENTATIONS AND WARRANTIES

 

Each Party B and Party C hereby represent and warrant to Party A, severally but not jointly, as of the date of this Agreement and each date of transfer of the Optioned Interests, that:

 

3.1                               It/he has 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 Contracts.  Party B and Party C agree to enter into Transfer Contracts consistent with the terms of this Agreement upon Party A’s exercise of the Equity Interest Purchase Option.  This Agreement and the Transfer Contracts to which they are a party constitute or will constitute their legal, valid and binding obligations and shall be enforceable against them in accordance with the provisions thereof;

 

3.2                               The execution and delivery of this Agreement or any Transfer Contracts and the obligations under this Agreement or any Transfer Contracts shall not: (i) cause any violation of any applicable laws of the PRC; (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;

 

3.3                               Each Party B has a good and merchantable title to the equity interests in Party C he holds.  Except for Share Pledge Agreement, Party B has not placed any security interest on such equity interests;

 

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3.4                               Party C has a good and merchantable title to all of its assets, and has not placed any security interest on the aforementioned assets;

 

3.5                               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;

 

3.6                               Party C has complied with all laws and regulations of the PRC applicable to asset acquisitions; and

 

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

 

4.                                      EFFECTIVE DATE

 

This Agreement shall become effective upon the date hereof, and remain effective for a term of ten (10) years, and may be renewed at Party A’s election.

 

5.                                      GOVERNING LAW AND RESOLUTION OF DISPUTES

 

5.1                               Governing law

 

The execution, effectiveness, construction, performance, amendment and termination of this Agreement and the resolution of disputes hereunder shall be governed by the formally published and publicly available laws of the PRC.  Matters not covered by formally published and publicly available laws of the PRC shall be governed by international legal principles and practices.

 

5.2                               Methods of Resolution of Disputes

 

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 thirty (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 Shenzhen Court of International Arbitration (“SCIA”) for arbitration, in accordance with its then effective arbitration rules.  The arbitration shall be conducted in Shenzhen, and the language used in arbitration shall be Chinese. The arbitration award shall be final and binding on all Parties.

 

6.                                      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 PRC law 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 Contracts.

 

7.                                      Notices

 

7.1                               All notices and other communications required or permitted to be given pursuant to this Agreement shall be delivered personally or sent by registered mail, postage prepaid, by a commercial courier service or by facsimile transmission to the address of such Party set forth below.  A confirmation copy of each notice shall also be sent by email.  The dates on which notices shall be deemed to have been effectively given shall be determined as follows:

 

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7.1.1                     Notices given by personal delivery, by courier service or by registered mail, postage prepaid, shall be deemed effectively given on the date of delivery or refusal at the address specified for notices.

 

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

 

7.2                               For the purpose of notices, the addresses of the Parties are as follows:

 

	
Party A:
    	
 
    	
Shenzhen Samoyed Information Technology Co., Ltd
    
	
Address:
    	
 
    	
B4-902, Kexing Science Park, 15 Keyuan Road, Nanshan   District, Shenzhen, PRC
    
	
Attn:
    	
 
    	
Wang Xiaojun
    
	
Phone:
    	
 
    	
XXXXXX
    
	
 
    	
 
    	
 
    
	
Party B
    	
 
    	
as listed in Schedule II
    
	
 
    	
 
    	
 
    
	
Party C:
    	
 
    	
Shenzhen Samoyed Internet Finance Service Co., Ltd
    
	
Address:
    	
 
    	
29-G2, Building 2, China Phoenix Mansion, 2008 Shen   Nan Avenue, Fu Zhong Community, Lian Hua Jie Dao, Fu Tian District, Shenzhen,   PRC
    
	
Attn:
    	
 
    	
Hu Chaomei
    
	
Phone:
    	
 
    	
XXXXXX
    

 

7.3                               Any Party may at any time change its/his address for notices by a notice delivered to the other Parties in accordance with the terms hereof.

 

8.                                      CONFIDENTIALITY

 

The Parties acknowledge that the existence and the terms of this Agreement, and any oral or written information exchanged between the Parties in connection with the preparation and performance of this Agreement are regarded as confidential information.  Each Party shall maintain the confidentiality of all such information, and without obtaining the written consent of other Parties, it/he 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 orders of the court or other government authorities; or (c) information required to be disclosed by any Party to its/his legal counsel or financial advisor or affiliate regarding the transaction contemplated hereunder, and such legal counsel or financial advisor or affiliate are also bound by confidentiality duties similar to the duties in this Section. Disclosure of any confidential information by the staff members or 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.

 

7

 

9.                                      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.

 

10.                               MISCELLANEOUS

 

10.1                        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.

 

10.2                        Entire agreement

 

Except for the amendments, supplements or changes in writing executed after the execution of this Agreement, this Agreement shall constitute the entire agreement reached by and among the Parties hereto with respect to the subject matter hereof, and shall supercede all prior oral and written consultations, representations and contracts reached with respect to the subject matter of this Agreement.

 

10.3                        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.

 

10.4                        Language

 

This Agreement is written in both Chinese and English language in twenty(20) copies, each Party having one copy with equal legal validity; in case there is any conflict between the Chinese version and the English version, the Chinese version shall prevail.

 

10.5                        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 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.

 

10.6                        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.

 

10.7                        Survival

 

10.7.1              Any obligations that occur or that are due as a result of this Agreement upon the expiration or early termination of this Agreement shall survive the expiration or early termination thereof.

 

8

 

10.7.2              The provisions of Sections 5, 7, 8 and this Section 10.7 shall survive the termination of this Agreement.

 

10.8                        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.

 

10.9                        No Long Binding

 

Notwithstanding anything provided under Article 4, if any party of Party B ceases to be shareholder of Party C pursuant to the Restructuring Agreement, this Agreement shall no longer be binding on this party as from the date it/he ceases to hold any shares in Party C.

 

10.10                 Separation of liability

 

The liability of each party of Party B is separate, no party of Party B shall be held liable for any actions or inactions of the other parties of Party B.

 

[The remainder of this page is intentionally left blank.]

 

9

 

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

 

Party A: Shenzhen Samoyed Information Technology Co., Ltd

 

	
By:
    	
/s/LIN   Jianming
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
LIN Jianming
    	
 
    
	
 
    	
 
    	
 
    
	
Title:
    	
Legal   Representative/Authorized Signatory
    	
 
    
	
 
    	
 
    
	
Date:   April 20, 2018
    	
 
    

 

10

 

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

 

Party B: Shenzhen Tanglin Investment Co., Ltd

 

	
By:
    	
/s/LIN   Jianming
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
LIN Jianming
    	
 
    
	
 
    	
 
    	
 
    
	
Title:
    	
Legal   Representative/Authorized Signatory
    	
 
    
	
 
    	
 
    
	
Date:   April 20, 2018
    	
 
    

 

11

 

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

 

Party B: Shenzhen Tanglin Jucai Equiuty Investment Limited Partnership

 

	
By:
    	
/s/LIN   Jianming
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
LIN Jianming
    	
 
    
	
 
    	
 
    	
 
    
	
Title:
    	
Authorized Signatory
    	
 
    
	
 
    	
 
    
	
Date:   April 20, 2018
    	
 
    

 

12

 

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

 

Party B: Shenzhen Tanglin Juli Equity Investment Limited Partnership

 

	
By:
    	
/s/LIN   Jianming
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
LIN Jianming
    	
 
    
	
 
    	
 
    	
 
    
	
Title:
    	
Authorized Signatory
    	
 
    
	
 
    	
 
    
	
Date:   April 20, 2018
    	
 
    

 

13

 

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

 

Party B: Youzhongxinye Finance Information Services (Shanghai) Co., Ltd

 

	
By:
    	
/s/YI Yuanqiao
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
YI Yuanqiao
    	
 
    
	
 
    	
 
    	
 
    
	
Title:
    	
Legal   Representative/Authorized Signatory
    	
 
    
	
 
    	
 
    
	
Date:   April 20, 2018
    	
 
    

 

14

 

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

 

Party B: ZHOU Yang

 

	
By:
    	
/s/ZHOU Yang
    	
 
    
	
 
    	
 
    	
 
    
	
Date: April 20,   2018
    	
 
    

 

15

 

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

 

Party B: Shenzhen Fortune Chuangkun Equity Investment Limited Partnership

 

	
By:
    	
/s/LIU Zhou
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
LIU Zhou
    	
 
    
	
 
    	
 
    	
 
    
	
Title:
    	
Authorized Signatory
    	
 
    
	
 
    	
 
    
	
Date:   April 20, 2018
    	
 
    

 

16

 

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

 

Party B: Xiamen Fortune Haixia Venture Capital Investment Management Co., Ltd

 

	
By:
    	
/s/XIAO Bing
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
XIAO Bing
    	
 
    
	
 
    	
 
    	
 
    
	
Title:
    	
Legal Representative/Authorized Signatory
    	
 
    
	
 
    	
 
    
	
Date:   April 20, 2018
    	
 
    

 

17

 

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

 

Party B: XIAO Bing

 

	
By:
    	
/s/XIAO Bing
    	
 
    
	
 
    	
 
    
	
Date:  April 20,   2018
    	
 
    

 

18

 

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

 

	
Party B:   LIU Zhongyang
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/LIU Zhongyang
    	
 
    
	
 
    	
 
    
	
Date:  April 20,   2018
    	
 
    
			

 

19

 

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

 

Party B: Beijing Welight Equity Investment Limited Partnership

 

	
By:
    	
/s/WU Xiaoguang
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
WU Xiaoguang
    	
 
    
	
 
    	
 
    	
 
    
	
Title:
    	
Authorized Signatory
    	
 
    
	
 
    	
 
    
	
Date:   April 20, 2018
    	
 
    

 

20

 

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

 

Party B: Hangzhou VisionPlus Equity Investment Limited Partnership

 

	
By:
    	
/s/WU Yongming
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
WU Yongming
    	
 
    
	
 
    	
 
    	
 
    
	
Title:
    	
Authorized Signatory
    	
 
    
	
 
    	
 
    
	
Date:   April 20, 2018
    	
 
    

 

21

 

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

 

Party B: Shanghai Jucheng Investment Equity Limited Partnership

 

	
By:
    	
/s/YANG Lihua
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
YANG Lihua
    	
 
    
	
 
    	
 
    	
 
    
	
Title:
    	
Authorized Signatory
    	
 
    
	
 
    	
 
    
	
Date:   April 20, 2018
    	
 
    

 

22

 

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

 

Party B: Shanghai Hongcheng Equity Investment Limited Partnership

 

	
By:
    	
/s/ZHENG Xiaojing
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
ZHENG Xiaojing
    	
 
    
	
 
    	
 
    	
 
    
	
Title:
    	
Authorized Signatory
    	
 
    
	
 
    	
 
    
	
Date:   April 20, 2018
    	
 
    

 

23

 

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

 

Party B: Shanghai Yongyu II Equity Investment Limited Partnership

 

	
By:
    	
/s/ HONG Yixiu
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
HONG Yixiu
    	
 
    
	
 
    	
 
    	
 
    
	
Title:
    	
Authorized Signatory
    	
 
    
	
 
    	
 
    
	
Date:   April 20, 2018
    	
 
    

 

24

 

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

 

Party B: Tianjin Yuebo Investment Consulting Co., Ltd

 

	
By:
    	
/s/ LUO Dejun
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
LUO Dejun
    	
 
    
	
 
    	
 
    	
 
    
	
Title:
    	
Authorized Signatory
    	
 
    
	
 
    	
 
    
	
Date:   April 20, 2018
    	
 
    

 

25

 

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

 

Party B: Shenzhen Fortune Chuanglian Equity Investment Fund Limited Partnership

 

	
By:
    	
/s/LIU Zhou
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
LIU Zhou
    	
 
    
	
 
    	
 
    	
 
    
	
Title:
    	
Authorized Signatory
    	
 
    
	
 
    	
 
    
	
Date:   April 20, 2018
    	
 
    

 

26

 

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

 

Party B: Ningbo Meishan Free Trade Harbour Area Yongyun Huaxin Venture Capital Limited Partnership

 

	
By:
    	
/s/ HONG Yixiu
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
HONG Yixiu
    	
 
    
	
 
    	
 
    	
 
    
	
Title:
    	
Authorized Signatory
    	
 
    
	
 
    	
 
    
	
Date:   April 20, 2018
    	
 
    

 

27

 

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

 

Party B: Hongyun Investment Holding Co., Ltd

 

	
By:
    	
/s/MA Nan
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
MA Nan
    	
 
    
	
 
    	
 
    	
 
    
	
Title:
    	
Legal Representative/Authorized   Signatory
    	
 
    
	
 
    	
 
    
	
Date:   April 20, 2018
    	
 
    

 

28

 

Schedule I

 

	
#
    	
 
    	
Name of Shareholders
    	
 
    	
Capital Contribution
   (Unit:10,000RMB)
    	
 
    	
Ratio
    	
 
    
	
1.
    	
 
    	
Shenzhen Tanglin Investment Co., Ltd
    	
 
    	
4472.2684
    	
 
    	
31.4546
    	
%
    
	
2.
    	
 
    	
Shenzhen Tanglin Jucai Equiuty Investment Limited   Partnership
    	
 
    	
2588.9760
    	
 
    	
18.2089
    	
%
    
	
3.
    	
 
    	
Shenzhen Tanglin Juli Equity Investment Limited   Partnership
    	
 
    	
899.9160
    	
 
    	
6.3293
    	
%
    
	
4.
    	
 
    	
LIU Zhongyang
    	
 
    	
120.0000
    	
 
    	
0.8440
    	
%
    
	
5.
    	
 
    	
ZHOU Yang
    	
 
    	
149.9880
    	
 
    	
1.0549
    	
%
    
	
6.
    	
 
    	
XIAO Bing
    	
 
    	
157.5000
    	
 
    	
1.1077
    	
%
    
	
7.
    	
 
    	
Tianjin Yuebo Investment Consulting Co., Ltd
    	
 
    	
790.3031
    	
 
    	
5.5584
    	
%
    
	
8.
    	
 
    	
Xiamen Fortune Haixia Venture Capital Investment   Management Co., Ltd
    	
 
    	
105.0000
    	
 
    	
0.7385
    	
%
    
	
9.
    	
 
    	
Shanghai Yongyu II Equity Investment Limited   Partnership
    	
 
    	
133.3333
    	
 
    	
0.9378
    	
%
    
	
10.
    	
 
    	
Beijing Welight Equity Investment Limited   Partnership
    	
 
    	
500.0040
    	
 
    	
3.5167
    	
%
    
	
11.
    	
 
    	
Shanghai Hongcheng Equity Investment Limited   Partnership
    	
 
    	
266.6667
    	
 
    	
1.8755
    	
%
    
	
12.
    	
 
    	
Hangzhou VisionPlus Equity Investment Limited   Partnership
    	
 
    	
750.0000
    	
 
    	
5.2749
    	
%
    
	
13.
    	
 
    	
Ningbo Meishan Free Trade Harbour Area Yongyun   Huaxin Venture Capital Limited Partnership
    	
 
    	
123.6364
    	
 
    	
0.8696
    	
%
    
	
14.
    	
 
    	
Youzhongxinye Finance Information Services   (Shanghai) Co., Ltd
    	
 
    	
1102.5000
    	
 
    	
7.7541
    	
%
    
	
15.
    	
 
    	
Hongyun Investment Holding Co., Ltd
    	
 
    	
123.6364
    	
 
    	
0.8696
    	
%
    
	
16.
    	
 
    	
Shenzhen Fortune Chuangkun Equity Investment Limited   Partnership
    	
 
    	
1121.1364
    	
 
    	
7.8852
    	
%
    
	
17.
    	
 
    	
Shenzhen Fortune Chuanglian Equity Investment Fund   Limited Partnership
    	
 
    	
227.7288
    	
 
    	
1.6017
    	
%
    
	
18.
    	
 
    	
Shanghai Jucheng Investment Equity Limited   Partnership
    	
 
    	
585.5885
    	
 
    	
4.1186
    	
%
    
	
 
    	
 
    	
Total
    	
 
    	
14218.1820
    	
 
    	
100
    	
%
    

 

 

Schedule II  Contact Information of Party B

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