Document:

Exhibit 4.10

 

Loan Agreement

 

This Loan Agreement (this “Agreement”) is made and entered into by and between the Parties below as of January 20, 2016 in Beijing, China:

 

(1)                       ChinaCache International Holdings Ltd. (“Lender”), a Cayman corporation, organized and existing under the company law of the Cayman Islands, British West Indies (‘Cayman”), with its address at Offshore Incorporations (Cayman) Limited, Scotia Center, 4th Floor, P.O. Box 2804, George Town, Cayman Islands, British West Indies;

 

(2)                       Song Wang (“Borrower”), a citizen of the People’s Republic of China (“China”) with Chinese Identification NO.:      , whose address is at     .

 

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

 

Whereas,

 

Borrower intends to subscribe the increased registered capital in the amount of RMB 5,500,000 of Beijing Blue I.T. Technologies Co., Ltd. (“Borrower Company”) After such capital increase, the Borrower will hold 55% of the equity interest of the Company;

 

Lender intends to provide Borrower with a loan to be used for the purposes set forth under this Agreement. After friendly consultation, the Parties agree as follows:

 

1                      Loan

 

1.1                     In accordance with the terms and conditions of this Agreement, Lender agrees to provide a loan in USD equivalent to the amount of RMB 5,500,000 (the “Loan”) to Borrower. The term of the Loan shall be ten years from the date of this Agreement, which may be extended upon mutual written consent of the Parties. During the term of the Loan or the extended term of the Loan, Borrower shall immediately repay the full amount of the Loan in the event any one or more of the following circumstances occur:

 

1.1.1                     30 days elapse after Borrower receives a written notice from Lender requesting repayment of the Loan;

 

1.1.2                     Borrower’s death, lack or limitation of civil capacity;

 

1.1.3                     Borrower ceases (for any reason) to be an employee of Lender, Borrower Company or their affiliates;

 

1.1.4                     Borrower engages in criminal act or is involved in criminal activities;

 

1.1.5                     Any third party filed a claim against Borrower that exceeds RMB100,000; or

 

1.1.6                     According to the applicable laws of China, foreign investors are permitted to invest in the value-added telecommunication business, including Internet content delivery network business, and/or other business approved by Lender in China with a controlling stake or in the form of wholly-foreign-owned enterprises, the relevant competent authorities of China begin to approve such investments, and Lender exercises the exclusive option under the Exclusive Option Agreement (the “Exclusive Option Agreement”) described in this Agreement.

 

 

1.2                     Lender agrees to remit the total amount of the Loan to the account designated by Borrower within 20 days after receiving a written notification from the Borrower regarding the same, provided that all the conditions precedent in Section 2 are fulfilled. Borrower shall provide Lender with a written receipt for the Loan upon receiving the Loan. The Loan provided by Lender under this Agreement shall inure to Borrower’s benefit only and not to Borrower’s successors or assigns.

 

1.3                     Borrower agrees to accept the aforementioned Loan provided by Lender, and hereby agrees and warrants using the Loan to purchase the increased registered capital of the Borrower Company. Without Lender’s prior written consent, Borrower shall not use the Loan for any purpose other than as set forth herein.

 

1.4                     Lender and Borrower hereby agree and acknowledge that Borrower’s method of repayment shall be at the sole discretion of Lender, and may at Lender’s option take the form of Borrower’s transferring the Borrower Equity Interest in whole to Lender or Lender’s designated persons (legal or natural persons) pursuant to the Lender’s exercise of its right to acquire the Borrower Equity Interest under the Exclusive Option Agreement.

 

1.5                     Lender and Borrower hereby agree and acknowledge that any proceeds from the transfer of the Borrower Equity Interest (to the extent permissible) shall be used to repay the Loan to Lender, in accordance with this Agreement and in the manner designated by Lender.

 

1.6                     Lender and Borrower hereby agree and acknowledge that to the extent permitted by applicable laws, Lender shall have the right but not the obligation to purchase or designate other persons (legal or natural persons) to purchase Borrower Equity Interest in part or in whole at any time, at the price stipulated in the Exclusive Option Agreement.

 

1.7                     Borrower also undertakes to execute an irrevocable Power of Attorney (the “Power of Attorney”), which authorizes a legal or natural person designated by Lender to exercise all of Borrower’s rights as a shareholder of Borrower Company.

 

1.8                     When Borrower transfers Borrower Equity Interest to Lender or Lender’s designated person(s), the transfer price of such equity interest shall equal to the outstanding principal of the Loan under this Agreement. The Loan under this Agreement shall be deemed an interest-free loan.

 

2.                   Conditions Precedent

 

The obligation of Lender to provide the Loan to Borrower contemplated in Section 1.1 shall be subject to the satisfaction of the following conditions, unless waived in writing by Lender.

 

2.1                     Lender receives the written notification for drawdown under the Loan sent by Borrower according to Section 1.2.

 

2.2                     Borrower Company and Lender or other person (legal or person) designated by Lender have officially executed Exclusive Business Cooperation Agreement, a Trademarks License Agreements, and an Domain Names License Agreement (collectively “Business Agreements”), under which Lender or other person designated by Lender, as exclusive service provider, will provide Borrower Company with technical service and business consulting service.

 

2.3                     Borrower, Borrower Company and Lender or other person (legal or natural person) designated by Lender have executed a Share Pledge Agreement (“Share Pledge Agreement”), the contents of which have been confirmed, and according to the Share Pledge Agreement, Borrower agrees to pledge Borrower Equity Interest to Lender or other person designated by Lender.

 

 

2.4                     Borrower, Lender and Borrower Company have officially executed an Exclusive Option Agreement, the contents of which have been confirmed, and under which Borrower shall irrevocably grant Lender an exclusive option to purchase all of the Borrower Equity Interest.

 

2.5                     Borrower has executed an irrevocable Power of Attorney (“Power of Attorney”), which authorizes Lender or Lender’s wholly-owned PRC subsidiary or other person (legal or natural person) designated by Lender to exercise all of Borrower’s rights as a shareholder in Borrower Company.

 

2.6                     The aforementioned Share Pledge Agreement, Power of Attorney, Exclusive Option Agreement and Business Agreements have been entered into before or on the date of execution of this Agreement and shall have full legal validity without any default or encumbrance related to these agreements or contracts, and all the related filing procedures, approvals, authorization, registrations and government procedures have been completed (as applicable).

 

2.7                     All the representations and warranties by Borrower in Section 3.2 are true, complete, correct and not misleading.

 

2.8                     Borrower has not violated the covenants in Section 4 of this Agreement, and no event which may affect Borrower’s performance of its obligations under this Agreement has occurred or is expected to occur.

 

3.                   Representations and Warranties

 

3.1                     Between the date of this Agreement and the date of termination of this Agreement, Lender hereby makes the following representations and warranties to Borrower:

 

3.1.1                     Lender is a corporation duly organized and legally existing in accordance with the laws of Cayman;

 

3.1.2                     Lender has the legal capacity to execute and perform this Agreement. The execution and performance by Lender of this Agreement is consistent with Lender’s scope of business and the provisions of Lender’s corporate by laws and other organizational documents, and Lender has obtained all necessary and proper approvals and authorizations for the execution and performance of this Agreement; and

 

3.1.3                     This Agreement constitutes Lender’s legal, valid and binding obligations enforceable in accordance with its terms.

 

3.2                     Between the date of this Agreement and the date of termination of this Agreement, Borrower hereby makes the following representations and warranties:

 

3.2.1                     Borrower has the legal capacity to execute and perform this Agreement. Borrower has obtained all necessary and proper approvals and authorizations for the execution and performance of this Agreement;

 

 

3.2.2                     This Agreement constitutes Borrower’s legal, valid and binding obligations enforceable in accordance with its terms; and

 

3.2.3                     There are no disputes, litigations, arbitrations, administrative proceedings or any other legal proceedings relating to Borrower, nor are there any potential disputes, litigations, arbitrations, administrative proceedings or any other legal proceedings relating to Borrower.

 

4.                   Borrower’s Covenants

 

4.1                     As and when he becomes, and for so long as he remains a shareholder of Borrower Company, Borrower covenants irrevocably that during the term of this Agreement, Borrower shall cause Borrower Company:

 

4.1.1                     to strictly abide by the provisions of the Exclusive Option Agreement and the Business Agreements, and to refrain from any action/omission that may affect the effectiveness and enforceability of the Exclusive Option Agreement and the Exclusive Business Cooperation Agreement;

 

4.1.2                     at the request of Lender (or a party designated by Lender), to execute contracts/agreements on business cooperation with Lender (or a party designated by Lender), and to strictly abide by such contracts/agreements;

 

4.1.3                     to provide Lender with all of the information on Borrower Company’s business operations and financial condition at Lender’s request;

 

4.1.4                     to immediately notify Lender of the occurrence or possible occurrence of any litigation, arbitration or administrative proceedings relating to Borrower Company’s assets, business or income;

 

4.1.5                     at the request of Lender, to appoint any persons designated by Lender as directors of Borrower Company;

 

4.2                     Borrower covenants that during the term of this Agreement, he shall:

 

4.2.1                     endeavor to keep Borrower Company to engage in its current content delivery network businesses;

 

4.2.2                     abide by the provisions of this Agreement, the Power of Attorney, the Share Pledge Agreement and the Exclusive Option Agreement, perform his obligations under this Agreement, the Power of Attorney, the Share Pledge Agreement and the Exclusive Option Agreement, and refrain from any action/omission that may affect the effectiveness and enforceability of this Agreement, the Power of Attorney, the Share Pledge Agreement and the Exclusive Option Agreement;

 

4.2.3                     not sell, transfer, mortgage or dispose of in any other manner the legal or beneficial interest in Borrower Equity Interest, or allow the encumbrance thereon of any security interest or the encumbrance, except in accordance with the Share Pledge Agreement;

 

 

4.2.4                     cause any shareholders’ meeting and/or the board of directors of Borrower Company not to approve the sale, transfer, mortgage or disposition in any other manner of any legal or beneficial interest in Borrower Equity Interest, or allow the encumbrance thereon of any security interest, except to Lender or Lender’s designated person;

 

4.2.5                     cause any shareholders’ meeting and/or the board of directors of the Borrower Company not to approve the merger or consolidation of Borrower Company with any person, or its acquisition of or investment in any person, without the prior written consent of Lender;

 

4.2.6                     immediately notify Lender of the occurrence or possible occurrence of any litigation, arbitration or administrative proceedings relating to Borrower Equity Interest;

 

4.2.7                     to the extent necessary to maintain his ownership of the Borrower Equity Interest, execute all necessary or appropriate documents, take all necessary or appropriate actions and file all necessary or appropriate complaints or raise necessary and appropriate defense against all claims;

 

4.2.8                     without the prior written consent of Lender, refrain from any action / omission that may have a material impact on the assets, business and liabilities of Borrower Company;

 

 

4.2.9                     appoint any designee of Lender as director of Borrower Company, at the request of Lender;

 

4.2.10              to the extent permitted by the laws of China, at the request of Lender at any time, promptly and unconditionally transfer all of Borrower Equity Interest to Lender or Lender’s designated representative(s) at any time, and cause the other shareholders of Borrower Company to waive their right of first refusal with respect to the share transfer described in this Section;

 

4.2.11              to the extent permitted by the laws of China, at the request of Lender at any time, cause the other shareholders of Borrower Company to promptly and unconditionally transfer all of their equity interests to Lender or Lender’s designated representative(s) at any time, and Borrower hereby waives his right of first refusal (if any) with respect to the share transfer described in this Section;

 

4.2.12              in the event that Lender purchases Borrower Equity Interest from Borrower in accordance with the provisions of the Exclusive Option Agreement, use such purchase price obtained thereby to repay the Loan to Lender; and

 

4.2.13              without the prior written consent of Lender, not to cause Borrower Company to supplement, change, or amend its articles of association in any manner, increase or decreases its registered capital or change its share capital structure in any manner.

 

 

5.                   Liability for Default

 

5.1                     In the event either Party breaches this Agreement or otherwise causes the non-performance of this Agreement in part or in whole, the Party shall be liable for such breach and shall compensate all damages (including litigation and attorneys fees) resulting therefrom. In the event that both Parties breach this Agreement, each Party shall be liable for its respective breach.

 

5.2                     In the event that Borrower fails to perform the repayment obligations set forth in this Agreement, Borrower shall pay overdue interest of 0.01% per day for the outstanding payment, until the day Borrower repays the full principal of the Loan, overdue interests and other payable amounts.

 

6.                   Notices

 

6.1                     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:

 

6.1.1                     Notices given by personal delivery, by courier service or by registered mail, postage prepaid, shall be deemed effectively given on the date of delivery.

 

6.1.2                     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).

 

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

 

Lender:    ChinaCache International Holdings Ltd.

 

Address: Offshore Incorporations (Cayman) Limited, Scotia Center, 4tnFloor, P.O. Box 2804, George Town, Cayman Islands, British West Indies

Attn: General Manager

 

Borrower: Song Wang

Address:

 

6.3                     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.

 

7.                   Confidentiality

 

The Parties acknowledge that any oral or written information exchanged among them with respect to this Agreement is confidential information. The Parties shall maintain the confidentiality of all such information, and without the written consent of other Party, either Party shall not disclose any relevant 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 (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 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.

 

 

8.                   Governing Law and Resolution of Disputes

 

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

 

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

 

8.3                     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.

 

9.                   Miscellaneous

 

9.1                     This Agreement shall become effective on the date thereof, and shall expire upon the date of full performance by the Parties of their respective obligations under this Agreement.

 

9.2                     This Agreement shall be 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.

 

9.3                     This Agreement may be amended or supplemented through written agreement by and between Lender and Borrower. Such written amendment agreement and/or supplementary agreement executed by and between Lender and Borrower are an integral part of this Agreement, and shall have the same legal validity as this Agreement.

 

 

9.4                     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 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.

 

9.5                     The attachments (if any) to this Agreement shall be an integral part of this Agreement and shall have the same legal validity as this Agreement.

 

 

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement on the day and year herein above first written.

 

	
Lender: ChinaCache International Holdings Ltd.
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
By: 
    	
/s/   Xiaohong Kou
    	
 
    
	
Name:   Xiaohong Kou
    	
 
    
	
Title:   Director
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Borrower: Song Wang
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
By: 
    	
/s/ Song   Wang
    	
 
    

 

 

Loan Agreement

 

This Loan Agreement (this “Agreement”) is made and entered into by and between the Parties below as of January 20, 2016 in Beijing, China:

 

(1)                       ChinaCache International Holdings Ltd. (“Lender”), a Cayman corporation, organized and existing under the company law of the Cayman Islands, British West Indies (‘Cayman”), with its address at Offshore Incorporations (Cayman) Limited, Scotia Center, 4th Floor,P.O. Box 2804,George Town, Cayman Islands, British West Indies;

 

(2)                       Xiaohong Kou (“Borrower”), a citizen of the People’s Republic of China (“China”) with Chinese Identification NO.:      ,whose address is at      .

 

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

 

Whereas,

 

Borrower intends to subscribe the increased registered capital in the amount of RMB 4,500,000 of Beijing Blue I.T. Technologies Co., Ltd. (“Borrower Company”) After such capital increase, the Borrower will hold 45% of the equity interest of the Company;

 

Lender intends to provide Borrower with a loan to be used for the purposes set forth under this Agreement. After friendly consultation, the Parties agree as follows:

 

1.                  Loan

 

1.1                     In accordance with the terms and conditions of this Agreement, Lender agrees to provide a loan in USD equivalent to the amount of RMB 4,500,000 (the “Loan”) to Borrower. The term of the Loan shall be ten years from the date of this Agreement, which may be extended upon mutual written consent of the Parties. During the term of the Loan or the extended term of the Loan, Borrower shall immediately repay the full amount of the Loan in the event any one or more of the following circumstances occur:

 

1.1.1                     30 days elapse after Borrower receives a written notice from Lender requesting repayment of the Loan;

 

1.1.2                     Borrower’s death, lack or limitation of civil capacity;

 

1.1.3                     Borrower ceases (for any reason) to be an employee of Lender, Borrower Company or their affiliates;

 

1.1.4                   Borrower engages in criminal act or is involved in criminal activities;

 

1.1.5                     Any third party filed a claim against Borrower that exceeds RMB 100,000;or

 

1.1.6                     According to the applicable laws of China, foreign investors are permitted to invest in the value-added telecommunication business, including Internet content delivery network business, and/or other business approved by Lender in China with a controlling stake or in the form of wholly-foreign-owned enterprises, the relevant competent authorities of China begin to approve such investments, and Lender exercises the exclusive option under the Exclusive Option Agreement (the “Exclusive Option Agreement”) described in this Agreement.

 

 

1.2                     Lender agrees to remit the total amount of the Loan to the account designated by Borrower within 20 days after receiving a written notification from the Borrower regarding the same, provided that all the conditions precedent in Section 2 are fulfilled. Borrower shall provide Lender with a written receipt for the Loan upon receiving the Loan. The Loan provided by Lender under this Agreement shall inure to Borrower’s benefit only and not to Borrower’s successors or assigns.

 

1.3                     Borrower agrees to accept the aforementioned Loan provided by Lender, and hereby agrees and warrants using the Loan to purchase the increased registered capital of the Borrower Company. Without Lender’s prior written consent, Borrower shall not use the Loan for any purpose other than as set forth herein.

 

1.4                     Lender and Borrower hereby agree and acknowledge that Borrower’s method of repayment shall be at the sole discretion of Lender, and may at Lender’s option take the form of Borrower’s transferring the Borrower Equity Interest in whole to Lender or Lender’s designated persons (legal or natural persons) pursuant to the Lender’s exercise of its right to acquire the Borrower Equity Interest under the Exclusive Option Agreement.

 

1.5                     Lender and Borrower hereby agree and acknowledge that any proceeds from the transfer of the Borrower Equity Interest (to the extent permissible) shall be used to repay the Loan to Lender, in accordance with this Agreement and in the manner designated by Lender.

 

1.6                     Lender and Borrower hereby agree and acknowledge that to the extent permitted by applicable laws, Lender shall have the right but not the obligation to purchase or designate other persons (legal or natural persons) to purchase Borrower Equity Interest in part or in whole at any time, at the price stipulated in the Exclusive Option Agreement.

 

1.7                     Borrower also undertakes to execute an irrevocable Power of Attorney (the “Power of Attorney”), which authorizes a legal or natural person designated by Lender to exercise all of Borrower’s rights as a shareholder of Borrower Company.

 

1.8                     When Borrower transfers Borrower Equity Interest to Lender or Lender’s designated person(s), the transfer price of such equity interest shall equal to the outstanding principal of the Loan under this Agreement. The Loan under this Agreement shall be deemed an interest-free loan.

 

2.                  Conditions Precedent

 

The obligation of Lender to provide the Loan to Borrower contemplated in Section 1.1 shall be subject to the satisfaction of the following conditions, unless waived in writing by Lender.

 

2.1                     Lender receives the written notification for drawdown under the Loan sent by Borrower according to Section 1.2.

 

2.2                     Borrower Company and Lender or other person (legal or person) designated by Lender have officially executed Exclusive Business Cooperation Agreement, a Trademarks License Agreements, and an Domain Names License Agreement (collectively “Business Agreements”), under which Lender or other person designated by Lender, as exclusive service provider, will provide Borrower Company with technical service and business consulting service.

 

2.3                     Borrower, Borrower Company and Lender or other person (legal or natural person) designated by Lender have executed a Share Pledge Agreement (“Share Pledge Agreement”), the contents of which have been confirmed, and according to the Share Pledge Agreement, Borrower agrees to pledge Borrower Equity Interest to Lender or other person designated by Lender.

 

 

2.4                     Borrower, Lender and Borrower Company have officially executed an Exclusive Option Agreement, the contents of which have been confirmed, and under which Borrower shall irrevocably grant Lender an exclusive option to purchase all of the Borrower Equity Interest.

 

2.5                     Borrower has executed an irrevocable Power of Attorney (“Power of Attorney”), which authorizes Lender or Lender’s wholly-owned PRC subsidiary or other person (legal or natural person) designated by Lender to exercise all of Borrower’s rights as a shareholder in Borrower Company.

 

2.6                     The aforementioned Share Pledge Agreement, Power of Attorney, Exclusive Option Agreement and Business Agreements have been entered into before or on the date of execution of this Agreement and shall have full legal validity without any default or encumbrance related to these agreements or contracts, and all the related filing procedures, approvals, authorization, registrations and government procedures have been completed (as applicable).

 

2.7 All the representations and warranties by Borrower in Section 3.2 are true, complete, correct and not misleading.

 

2.8                     Borrower has not violated the covenants in Section 4 of this Agreement, and no event which may affect Borrower’s performance of its obligations under this Agreement has occurred or is expected to occur.

 

3.                  Representations and Warranties

 

3.1                     Between the date of this Agreement and the date of termination of this Agreement, Lender hereby makes the following representations and warranties to Borrower:

 

3.1.1                     Lender is a corporation duly organized and legally existing in accordance with the laws of Cayman;

 

3.1.2                     Lender has the legal capacity to execute and perform this Agreement. The execution and performance by Lender of this Agreement is consistent with Lender’s scope of business and the provisions of Lender’s corporate by laws and other organizational documents, and Lender has obtained all necessary and proper approvals and authorizations for the execution and performance of this Agreement; and

 

3.1.3                     This Agreement constitutes Lender’s legal, valid and binding obligations enforceable in accordance with its terms.

 

3.2                     Between the date of this Agreement and the date of termination of this Agreement, Borrower hereby makes the following representations and warranties:

 

3.2.1                     Borrower has the legal capacity to execute and perform this Agreement. Borrower has obtained all necessary and proper approvals and authorizations for the execution and performance of this Agreement;

 

 

3.2.2                     This Agreement constitutes Borrower’s legal, valid and binding obligations enforceable in accordance with its terms; and

 

3.2.3                     There are no disputes, litigations, arbitrations, administrative proceedings or any other legal proceedings relating to Borrower, nor are there any potential disputes, litigations, arbitrations, administrative proceedings or any other legal proceedings relating to Borrower.

 

4.                  Borrower’s Covenants

 

4.1                     As and when he becomes, and for so long as he remains a shareholder of Borrower Company, Borrower covenants irrevocably that during the term of this Agreement, Borrower shall cause Borrower Company:

 

4.1.1                     to strictly abide by the provisions of the Exclusive Option Agreement and the Business Agreements, and to refrain from any action/omission that may affect the effectiveness and enforceability of the Exclusive Option Agreement and the Exclusive Business Cooperation Agreement;

 

4.1.2                     at the request of Lender (or a party designated by Lender), to execute contracts/agreements on business cooperation with Lender (or a party designated by Lender), and to strictly abide by such contracts/agreements;

 

4.1.3                     to provide Lender with all of the information on Borrower Company’s business operations and financial condition at Lender’s request;

 

4.1.4                     to immediately notify Lender of the occurrence or possible occurrence of any litigation, arbitration or administrative proceedings relating to Borrower Company’s assets, business or income;

 

4.1.5                     at the request of Lender, to appoint any persons designated by Lender as directors of Borrower Company;

 

4.2                     Borrower covenants that during the term of this Agreement, he shall:

 

4.2.1                     endeavor to keep Borrower Company to engage in its current content delivery network businesses;

 

4.2.2                     abide by the provisions of this Agreement, the Power of Attorney, the Share Pledge Agreement and the Exclusive Option Agreement, perform his obligations under this Agreement, the Power of Attorney, the Share Pledge Agreement and the Exclusive Option Agreement, and refrain from any action/omission that may affect the effectiveness and enforceability of this Agreement, the Power of Attorney, the Share Pledge Agreement and the Exclusive Option Agreement;

 

4.2.3                     not sell, transfer, mortgage or dispose of in any other manner the legal or beneficial interest in Borrower Equity Interest, or allow the encumbrance thereon of any security interest or the encumbrance, except in accordance with the Share Pledge Agreement;

 

 

4.2.4                     cause any shareholders’ meeting and/or the board of directors of Borrower Company not to approve the sale, transfer, mortgage or disposition in any other manner of any legal or beneficial interest in Borrower Equity Interest, or allow the encumbrance thereon of any security interest, except to Lender or Lender’s designated person;

 

4.2.5                     cause any shareholders’ meeting and/or the board of directors of the Borrower Company not to approve the merger or consolidation of Borrower Company with any person, or its acquisition of or investment in any person, without the prior written consent of Lender;

 

4.2.6                     immediately notify Lender of the occurrence or possible occurrence of any litigation, arbitration or administrative proceedings relating to Borrower Equity Interest;

 

4.2.7                     to the extent necessary to maintain his ownership of the Borrower Equity Interest, execute all necessary or appropriate documents, take all necessary or appropriate actions and file all necessary or appropriate complaints or raise necessary and appropriate defense against all claims;

 

4.2.8                     without the prior written consent of Lender, refrain from any action / omission that may have a material impact on the assets, business and liabilities of Borrower Company;

 

4.2.9                     appoint any designee of Lender as director of Borrower Company, at the request of Lender;

 

4.2.10              to the extent permitted by the laws of China, at the request of Lender at any time, promptly and unconditionally transfer all of Borrower Equity Interest to Lender or Lender’s designated representative(s) at any time, and cause the other shareholders of Borrower Company to waive their right of first refusal with respect to the share transfer described in this Section;

 

4.2.11              to the extent permitted by the laws of China, at the request of Lender at any time, cause the other shareholders of Borrower Company to promptly and unconditionally transfer all of their equity interests to Lender or Lender’s designated representative(s) at any time, and Borrower hereby waives his right of first refusal (if any) with respect to the share transfer described in this Section;

 

4.2.12              in the event that Lender purchases Borrower Equity Interest from Borrower in accordance with the provisions of the Exclusive Option Agreement, use such purchase price obtained thereby to repay the Loan to Lender; and

 

4.2.13              without the prior written consent of Lender, not to cause Borrower Company to supplement, change, or amend its articles of association in any manner, increase or decreases its registered capital or change its share capital structure in any manner.

 

 

5.                  Liability for Default

 

5.1                     In the event either Party breaches this Agreement or otherwise causes the non-performance of this Agreement in part or in whole, the Party shall be liable for such breach and shall compensate all damages (including litigation and attorneys fees) resulting therefrom. In the event that both Parties breach this Agreement, each Party shall be liable for its respective breach.

 

5.2                     In the event that Borrower fails to perform the repayment obligations set forth in this Agreement, Borrower shall pay overdue interest of 0.01% per day for the outstanding payment, until the day Borrower repays the full principal of the Loan, overdue interests and other payable amounts.

 

6.                          Notices

 

6.1                     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:

 

6.1.1           Notices given by personal delivery, by courier service or by registered mail, postage prepaid, shall be deemed effectively given on the date of delivery.

 

6.1.2           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).

 

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

 

Lender:                      ChinaCache International Holdings Ltd.

 

Address: Offshore Incorporations (Cayman) Limited, Scotia Center, 4tnFloor, P.O.

Box 2804, George Town, Cayman Islands, British West Indies

Attn: General Manager

 

Borrower: Xiaohong Kou

Address:

 

6.3                     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.

 

7.                  Confidentiality

 

The Parties acknowledge that any oral or written information exchanged among them with respect to this Agreement is confidential information. The Parties shall maintain the confidentiality of all such information, and without the written consent of other Party, either Party shall not disclose any relevant 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 (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 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.

 

 

8.                  Governing Law and Resolution of Disputes

 

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

 

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

 

8.3                     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.

 

9.                  Miscellaneous

 

9.1                     This Agreement shall become effective on the date thereof, and shall expire upon the date of full performance by the Parties of their respective obligations under this Agreement.

 

9.2                     This Agreement shall be 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.

 

9.3                     This Agreement may be amended or supplemented through written agreement by and between Lender and Borrower. Such written amendment agreement and/or supplementary agreement executed by and between Lender and Borrower are an integral part of this Agreement, and shall have the same legal validity as this Agreement.

 

9.4                     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 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.

 

9.5                     The attachments (if any) to this Agreement shall be an integral part of this Agreement and shall have the same legal validity as this Agreement.

 

 

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement on the day and year herein above first written.

 

 

	
Lender: ChinaCache   International Holdings Ltd.
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ Xiaohong Kou
    	
 
    
	
Name:
    	
Xiaohong Kou
    	
 
    
	
Title:
    	
Director
    	
 
    
	
 
    	
 
    
	
Borrower:Xiaohong Kou
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ Xiaohong KouExhibit 4.19

 

Exclusive Option Agreement

 

This Exclusive Option Agreement (this “Agreement”) is executed by and among the following Parties as of the 20 day of January , 2016  in Beijing, China:

 

Party A: ChinaCache International Holdings Ltd., a Cayman corporation, organized and existing under the company law of the Cayman Islands, British West Indies (“Cayman”), with its address at Offshore Incorporations (Cayman) Limited, Scotia Center, 4th Floor, P.O. Box 2804, George Town, Cayman Islands, British West Indies;

 

Party B: Song Wang, a citizen of the People’s Republic of China (“China”) with Chinese Identification No.:      , whose address is at      ; and

 

Party C: Beijing Blue I. T. Technologies Co” Ltd., a limited liability company organized and existing under the laws of China, with its address at NO. 8A, Lang Qiu Garden, Ta Yuan, Hai Dian District, Beijing.

 

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 holds 55% of the equity interest in Party C;

 

2.                   Party A and Party B executed a Loan Agreement on the 23 day of September 2005, under which Party A provide a loan in US dollars equivalent to the amount of 5,500,000 RMB to Party B to acquire 55% of the equity interest of Party C; Party A and Party B executed a loan agreement as of the date of this Agreement, under which Party A provides a loan in US dollars equivalent to  the amount of 5,500,000 RMB to Party B to subscribe the increased registered capital of Party C which shall result in Party A’s possession of 55% equity interests in Party C upon the completion of such capital increase. The aforesaid two loan agreements shall collectively be referred to as the “Loan Agreements”.

 

 

3.                   The Parties entered into an Exclusive Option Agreement as of September 23, 2005 and a Supplement Agreement to the Exclusive Option Agreement as of May 10, 2010 (together “Existing Exclusive Option 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

 

In consideration of the payment by Party A of the amount of loan specified under the Loan Agreements 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 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 Chinese laws and at the price described in Section 1.3 herein (such right being the “Equity Interest Purchase Option”). Except for Party A and the Designee(s), no other person shall be entitled to the Equity Interest Purchase Option or other rights with respect to the equity interests of Party 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.

 

1.2            Steps for Exercise of Equity Interest Purchase Option

 

Subject to the provisions of the laws and regulations of China, Party A may exercise the Equity Interest Purchase Option by issuing a written notice to Party B (the “Equity Interest Purchase Option Notice”), specifying: (a) Party A’s decision to exercise the Equity Interest Purchase Option; (b) the portion of equity interests to be purchased from Party B (the “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 the laws of China applicable to the Equity Interest Purchase Option when exercised by Party A, the purchase price of the Optioned Interests (the “Equity Interest Purchase Price”) shall equal to the amount of outstanding loan provided under the Loan Agreement between Party A and Party B and the amount of outstanding Financial Support provided by Party A as requested by ChinaCache International Holdings Ltd. (“ChinaCache”), if any, and the Equity Interest Purchase Price can be off-set by the amount of outstanding loan and Financial Support payable by Party B. If any, and the Equity Interest Purchase Price can be off-set by the amount of outstanding loan and Financial Support payable by Party B. If an appraisal to Party C’s equity interest is required under the  PRC laws upon Party A’s exercise of the Equity Interest Purchase Option, the Equity Interest Purchase Price shall be determined by the appraisal result in accordance with PRC laws; if the after-appraisal Equity Interest Purchase Price obtained by Party B is higher than the sum of the outstanding loans under the Loan Agreements and the outstanding Financial Support provided by Party A as requested by ChinaCache, then Party B agrees to provide such excessive amount to Party A’s wholly owned subsidiaries in PRC in ways permitted by the PRC laws.

 

1.4            Transfer of Optioned Interests

 

For each exercise of the Equity Interest Purchase Option:

 

1.4.1                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);

 

 

Party B shall cause the shareholders’ meeting and board meeting of Party C to adopt the following resolutions the forms as set forth in Appendices II and III.

 

(a)              Party B’s transfer of its equity interests in part or in whole to Party A and/or the transferee designated by Party A; and

 

(b)              Other matters upon reasonable requirements of Party A.

 

1.4.2                Party B shall execute a share transfer agreement 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. In order to facilitate the Equity Interest Purchase Option in this Agreement, Party B shall, upon the requirements of Party A, execute the Share Transfer Agreement in seven counterparts in accordance with the form set forth in Appendix I attached hereto, and provide the shareholders’ resolutions and the resolutions of the board of directors in accordance with the forms set forth in the Appendix II and Appendix III when executing and delivering this Agreement. The executed Share Transfer Agreement and the shareholders’ resolutions and the resolutions of the board of directors mentioned above shall be delivered to Party A for its custody.

 

In order to avoid the doubt, the Parties herein confirm that, for the intention of this Agreement, if the documents executed in accordance with Appendices I, II and III of this Agreement cannot meet the specific situation and/or the requirements of the laws and regulations of China then effective at the time of Party A’s exercise of the Option, Party B agrees to execute with Party A and/or the Designee such additional share transfer documents and other documents as necessary to make the share transfer documents effective and enforceable.

 

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. “Party B’s Share Pledge Agreement” as used in this Section and this Agreement shall refer to the Share Pledge Agreement (“Share Pledge Agreement”) executed by and among Party A, Party B and Party C as of the date hereof, whereby Party B pledges all of its 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, the Trademarks License Agreements and the Domain Names License Agreement executed by and between Party C and Party A.

 

 

1.5            Payment of the Equity Interest Purchase Price

 

Upon exercise of the Equity Interest Purchase Option by Party A, Party A may elect to make payment of the Equity Interest Purchase Price by cancelling the outstanding amount of loan owed by Party B to Party A and outstanding Financial Support provided by Party A to Party B as requested by ChinaCache (if any), in which case Party A shall not be required to pay any additional Equity Interest Purchase Price to Party B, and Party B’s outstanding loan and Financial Support (if any) shall be cancelled.

 

2.                   Covenants

 

2.1            Covenants regarding Party C

 

Party B (as the shareholders of Party C) and Party C hereby covenant as follows:

 

 

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 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 other than through loans; 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 100 shall be deemed a major contract);

 

2.1.7                Party C shall not provide any person with any loan or credit;

 

 

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;

 

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, Party C shall not in any manner distribute dividends to its shareholders; if upon Party A’s written request, Party C distributes all or part of its distributable profits to its shareholders, then Party B shall provide such profits as received to Party A’s wholly owned subsidiaries in PRC in ways permitted by the PRC laws; 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 B and Party C

 

Party B hereby covenants as follows:

 

 

2.2.1                Without the prior written consent of Party A, Party B shall not sell, transfer, mortgage or dispose of in any other manner any legal or beneficial interest in the equity interests in Party C held by Party B, or allow the encumbrance thereon of any security interest, except for the pledge placed on these equity interests in accordance with Party B’s Share Pledge Agreement;

 

2.2.2                Party B 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 Party B, 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;

 

2.2.3                Party B 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                Party B shall immediately notify Party A of the occurrence or possible occurrence of any litigation, arbitration or administrative proceedings relating to the equity interests in Party C held by Party B;

 

2.2.5                Party B 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;

 

2.2.6                To the extent necessary to maintain Party B’s ownership in Party C, Party B 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                Party B shall appoint any designee of Party A as director of Party C, at the request of Party A;

 

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

 

2.2.9                Party B 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 and/or Party A’s PRC subsidiary ChinaCache Network Technology (Beijing) Co., Ltd., perform the obligations hereunder and thereunder, and refrain from any action/omission that may affect the effectiveness and enforceability thereof. To the extent that Party B 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’s PRC subsidiary ChinaCache Network Technology (Beijing) Co., Ltd., Party B shall not exercise such rights except in accordance with the written instructions of Party A.

 

3.              Representations and Warranties

 

Party B and Party C hereby represent and warrant to Party A, jointly and severally, as of the date of this Agreement and each date of transfer of the Optioned Interests, that:

 

3.1            They have the authority to execute and deliver this Agreement and any share transfer contracts to which they are a party concerning the Optioned Interests to be transferred thereunder (each, a “Transfer Contracts”), 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 China; (ii) be inconsistent with the articles of association, bylaws or other organizational documents of Party C; (iii) cause the violation of any contracts or instruments to which they are a party or which are binding on them, or constitute any breach under any contracts or instruments to which they are a party or which are binding on them; (iv) cause any violation of any condition for the grant and/or continued effectiveness of any licenses or permits issued to either of them; or (v) cause the suspension or revocation of or imposition of additional conditions to any licenses or permits issued to either of them;

 

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

 

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 China 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 10 years, and may be renewed for an additional 10 years at Party A’s election, and the times of such renewal are unlimited. Upon the effective date of this Agreement, the Existing Exclusive Option Agreement entered shall be terminated.

 

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 China. Matters not covered by formally published and publicly available laws of China 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 30 days after either Party’s request to the other Parties for resolution of the dispute through negotiations, either Party may submit the relevant dispute to the China International Economic and Trade Arbitration Commission for arbitration, in accordance with its then effective arbitration rules. The arbitration shall be conducted in Beijing, 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 the laws of China in connection with the preparation and execution of this Agreement and the Transfer Contracts, as well as the consummation of the transactions contemplated under this Agreement and the Transfer 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:

 

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: ChinaCache International Holdings Ltd.

 

Address: Offshore Incorporations (Cayman) Limited, Scotia Center, 4th Floor, P.O. Box 2804, George Town, Cayman Islands, British West Indies

 

Attn: General Manager

 

Party B: Song Wang

 

Address:

 

Party C: Beijing Blue 1. T. Technologies co., Ltd.

 

Address: No. 8 A, Lang Qiu Garden, Ta Yuan, Haidian Disfrict, Beijing

 

Attn: General Manager

 

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

 

 

8.              Confidentiality

 

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

 

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

 

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 supersede 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 three 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.

 

10.7.2  The provisions of Sections 5, 7, 8 and this Section 10.8 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.

 

 

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement on the day and year herein above first written.

 

	
Party A: ChinaCache   International Holdings Ltd.
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ Xiaohong Kou
    	
 
    
	
Name:
    	
Xiaohong Kou
    	
 
    
	
Title:
    	
Director
    	
 
    
	
 
    	
 
    
	
Party B:Song Wang
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ Song Wang
    	
 
    
	
 
    	
 
    	
 
    
	
Party C: Beijing Blue I.T.   Technologies Co.,Ltd.
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ Huiling Ying
    	
 
    
	
Name:
    	
Huiling Ying
    	
 
    
	
Title:
    	
Legal Representative
    	
 
    

 

 

Exclusive Option Agreement

 

This Exclusive Option Agreement (this “Agreement”) is executed by and among the following Parties as of the 20 day of January , 2016  in Beijing, China:

 

Party A: ChinaCache International Holdings Ltd., a Cayman corporation, organized and existing under the company law of the Cayman Islands, British West Indies (“Cayman”), with its address at Offshore Incorporations (Cayman) Limited, Scotia Center, 4th Floor, P.O. Box 2804, George Town, Cayman Islands, British West Indies;

 

Party B: Xiaohong Kou, a citizen of the People’s Republic of China (“China”) with Chinese Identification No.:      , whose address is at      ; and

 

Party C: Beijing Blue I. T. Technologies Co” Ltd., a limited liability company organized and existing under the laws of China, with its address at NO. 8A, Lang Qiu Garden, Ta Yuan, Hai Dian District, Beijing.

 

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:

 

4.                   Party B holds 45% of the equity interest in Party C;

 

5.                   Party A and Party B executed a Loan Agreement on the 23 day of September 2005, under which Party A provide a loan in US dollars equivalent to the amount of 4,500,000 RMB to Party B to acquire 45% of the equity interest of Party C; Party A and Party B executed a loan agreement as of the date of this Agreement, under which Party A provides a loan in US dollars equivalent to  the amount of 4,500,000 RMB to Party B to subscribe the increased registered capital of Party C which shall result in Party A’s possession of 45% equity interests in Party C upon the completion of such capital increase. The aforesaid two loan agreements shall collectively be referred to as the “Loan Agreements”.

 

 

6.                   The Parties entered into an Exclusive Option Agreement as of September 23, 2005 and a Supplement Agreement to the Exclusive Option Agreement as of May 10, 2010 ( together “Existing Exclusive Option Agreement”).

 

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

 

1.              Sale and Purchase of Equity Interest

 

1.2            Option Granted

 

In consideration of the payment by Party A of the amount of loan specified under the Loan Agreements 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 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 Chinese laws and at the price described in Section 1.3 herein (such right being the “Equity Interest Purchase Option”). Except for Party A and the Designee(s), no other person shall be entitled to the Equity Interest Purchase Option or other rights with respect to the equity interests of Party 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.

 

1.2            Steps for Exercise of Equity Interest Purchase Option

 

Subject to the provisions of the laws and regulations of China, Party A may exercise the Equity Interest Purchase Option by issuing a written notice to Party B (the “Equity Interest Purchase Option Notice”), specifying: (a) Party A’s decision to exercise the Equity Interest Purchase Option; (b) the portion of equity interests to be purchased from Party B  (the “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

 

The purchase price of the Optioned Interests (the “Equity Interest Purchase Price”) shall equal to the amount of outstanding loan provided under the Loan Agreement between Party A and Party B and the amount of outstanding Financial Support provided by Party A as requested by ChinaCache International Holdings Ltd. (“ChinaCache”), if any, and the Equity Interest Purchase Price can be off-set by the amount of outstanding loan and Financial Support payable by Party B. If any, and the Equity Interest Purchase Price can be off-set by the amount of outstanding loan and Financial Support payable by Party B. If an appraisal to Party C’s equity interest is required under the  PRC laws upon Party A’s exercise of the Equity Interest Purchase Option, the Equity Interest Purchase Price shall be determined by the appraisal result in accordance with PRC laws; if the after-appraisal Equity Interest Purchase Price obtained by Party B is higher than the sum of the outstanding loans under the Loan Agreements and the outstanding Financial Support provided by Party A as requested by ChinaCache, then Party B agrees to provide such excessive amount to Party A’s wholly owned subsidiaries in PRC in ways permitted by the PRC laws.

 

1.4            Transfer of Optioned Interests

 

For each exercise of the Equity Interest Purchase Option:

 

1.4.1                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);

 

Party B shall cause the shareholders’ meeting and board meeting of Party C to adopt the following resolutions the forms as set forth in Appendices II and III.

 

 

(b)              Party B’s transfer of its equity interests in part or in whole to Party A and/or the transferee designated by Party A; and

 

(b)     Other matters upon reasonable requirements of Party A.

 

1.4.2                Party B shall execute a share transfer agreement 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. In order to facilitate the Equity Interest Purchase Option in this Agreement, Party B shall, upon the requirements of Party A, execute the Share Transfer Agreement in seven counterparts in accordance with the form set forth in Appendix I attached hereto, and provide the shareholders’ resolutions and the resolutions of the board of directors in accordance with the forms set forth in the Appendix II and Appendix III when executing and delivering this Agreement. The executed Share Transfer Agreement and the shareholders’ resolutions and the resolutions of the board of directors mentioned above shall be delivered to Party A for its custody.

 

In order to avoid the doubt, the Parties herein confirm that, for the intention of this Agreement, if the documents executed in accordance with Appendices I, II and III of this Agreement cannot meet the specific situation and/or the requirements of the laws and regulations of China then effective at the time of Party A’s exercise of the Option, Party B agrees to execute with Party A and/or the Designee such additional share transfer documents and other documents as necessary to make the share transfer documents effective and enforceable.

 

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. “Party B’s Share Pledge Agreement” as used in this Section and this Agreement shall refer to the Share Pledge Agreement (“Share Pledge Agreement”) executed by and among Party A, Party B and Party C as of the date hereof, whereby Party B pledges all of its 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, the Trademarks License Agreements and the Domain Names License Agreement executed by and between Party C and Party A.

 

 

1.5            Payment of the Equity Interest Purchase Price

 

Upon exercise of the Equity Interest Purchase Option by Party A, Party A may elect to make payment of the Equity Interest Purchase Price by cancelling the outstanding amount of loan owed by Party B to Party A and outstanding Financial Support provided by Party A to Party B as requested by ChinaCache (if any), in which case Party A shall not be required to pay any additional Equity Interest Purchase Price to Party B, and Party B’s outstanding loan and Financial Support (if any) shall be cancelled.

 

2.                  Covenants

 

2.1            Covenants regarding Party C

 

Party B (as the shareholders of Party C) and Party C hereby covenant as follows:

 

 

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 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 other than through loans; 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 100 shall be deemed a major contract);

 

2.1.7                Party C shall not provide any person with any loan or credit;

 

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;

 

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, Party C shall not in any manner distribute dividends to its shareholders; if upon Party A’s written request, Party C distributes all or part of its distributable profits to its shareholders, then Party B shall provide such profits as received to Party A’s wholly owned subsidiaries in PRC in ways permitted by the PRC laws; 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 B and Party C

 

Party B hereby covenants as follows:

 

2.2.1                Without the prior written consent of Party A, Party B shall not sell, transfer, mortgage or dispose of in any other manner any legal or beneficial interest in the equity interests in Party C held by Party B, or allow the encumbrance thereon of any security interest, except for the pledge placed on these equity interests in accordance with Party B’s Share Pledge Agreement;

 

 

2.2.2                Party B 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 Party B, 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;

 

2.2.3                Party B 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                Party B shall immediately notify Party A of the occurrence or possible occurrence of any litigation, arbitration or administrative proceedings relating to the equity interests in Party C held by Party B;

 

2.2.5                Party B 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;

 

2.2.6                To the extent necessary to maintain Party B’s ownership in Party C, Party B 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                Party B shall appoint any designee of Party A as director of Party C, at the request of Party A;

 

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

 

2.2.9                Party B 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 and/or Party A’s PRC subsidiary ChinaCache Network Technology (Beijing) Co., Ltd., perform the obligations hereunder and thereunder, and refrain from any action/omission that may affect the effectiveness and enforceability thereof. To the extent that Party B 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’s PRC subsidiary ChinaCache Network Technology (Beijing) Co., Ltd., Party B shall not exercise such rights except in accordance with the written instructions of Party A.

 

3.                  Representations and Warranties

 

Party B and Party C hereby represent and warrant to Party A, jointly and severally, as of the date of this Agreement and each date of transfer of the Optioned Interests, that:

 

3.1            They have the authority to execute and deliver this Agreement and any share transfer contracts to which they are a party concerning the Optioned Interests to be transferred thereunder (each, a “Transfer Contracts”), 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 China; (ii) be inconsistent with the articles of association, bylaws or other organizational documents of Party C; (iii) cause the violation of any contracts or instruments to which they are a party or which are binding on them, or constitute any breach under any contracts or instruments to which they are a party or which are binding on them; (iv) cause any violation of any condition for the grant and/or continued effectiveness of any licenses or permits issued to either of them; or (v) cause the suspension or revocation of or imposition of additional conditions to any licenses or permits issued to either of them;

 

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

 

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 China 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.

 

5.              Effective Date

 

This Agreement shall become effective upon the date hereof, and remain effective for a term of 10 years, and may be renewed for an additional 10 years at Party A’s election, and the times of such renewal are unlimited. Upon the effective date of this Agreement, the Existing Exclusive Option Agreement shall be terminated.

 

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 China. Matters not covered by formally published and publicly available laws of China 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 30 days after either Party’s request to the other Parties for resolution of the dispute through negotiations, either Party may submit the relevant dispute to the China International Economic and Trade Arbitration Commission for arbitration, in accordance with its then effective arbitration rules. The arbitration shall be conducted in Beijing, and the language used in arbitration shall be Chinese. The arbitration award shall be final and binding on all Parties.

 

 

8.              Taxes and Fees

 

Each Party shall pay any and all transfer and registration tax, expenses and fees incurred thereby or levied thereon in accordance with the laws of China in connection with the preparation and execution of this Agreement and the Transfer Contracts, as well as the consummation of the transactions contemplated under this Agreement and the Transfer Contracts.

 

9.              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:

 

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).

 

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

 

Party A: ChinaCache International Holdings Ltd.

Address: Offshore Incorporations (Cayman) Limited, Scotia Center, 4th Floor, P.O. Box 2804, George Town, Cayman Islands, British West Indies

Attn: General Manager

 

Party B: Xiaohong Kou

Address:

 

Party C: Beijing Blue 1. T. Technologies co., Ltd.

Address: No. 8 A, Lang Qiu Garden, Ta Yuan, Haidian Disfrict, Beijing

Attn: General Manager

 

 

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

 

8.              Confidentiality

 

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

 

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

 

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 supersede 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 three 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.

 

10.7.2         The provisions of Sections 5, 7, 8 and this Section 10.8 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.

 

 

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement on the day and year herein above first written.

 

Party A: ChinaCache International Holdings Ltd.

 

	
By :
    	
/s/ Xiaohong Kou
    	
 
    
	
Name :
    	
Xiaohong Kou
    	
 
    
	
Title :
    	
Director
    	
 
    

 

Party B: Xiaohong Kou

 

	
By :
    	
/s/ Xiaohong Kou
    	
 
    

 

Party C : Beijing Blue I.T. Technologies Co.,Ltd.

 

	
By :
    	
/s/   Huiling Ying
    	
 
    
	
Name :
    	
Huiling   Ying
    	
 
    
	
Title :
    	
Legal   Representative

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00257-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00257-of-00352.parquet"}]]