Document:

Exhibit 4.33

Exhibit 4.33

English Translation

Share Transfer Agreement

This Share Transfer Agreement (hereafter “Agreement”) is entered into on 1 April, 2009 in Beijing,
People’s Republic of China (“PRC”)

by and between

	(1)	 	Zhongqing Chuangyi Investment Management Co., Ltd, a company duly established and existing
under the laws of PRC, with its registered address at Room 305, Unit B, No.9 Building, Beizhan
Beijie, Xicheng District, Beijing (Seller).

	 
	(2)	 	Longtop Financial
Technologies Limited, a company duly established and existing under the
laws of Cayman Islands, with its registered address at Cricket Square, Hutchins Drive, P.O.Box
2681, Grand Cayman, KY1-1111, Cayman Islands (Purchaser).

Whereas

	A.	 	Sysnet Info-Tech Co., Ltd. (Company) is a PRC company with its registered
address at No. 128 Zhichun Road, Haidian District, Beijing, PRC and
registered capital of RMB 50,000,000.

	 
	B.	 	The Seller holds 60% of the Company’s shares and interests (Shares).

	 
	C.	 	The Seller agrees to sell to the Purchaser or its designated affiliate,
and the Purchaser or its designated affiliate agrees to purchase from the
Seller, the Shares.

NOW, THEREFORE, the parties have agreed as follows:

	1.	 	Definitions and Interpretations

	 	1.1	 	Definitions

	 
	 	 	 	Unless otherwise stipulated herein, the following terms shall have the meaning set
forth below:

	 	 	 	 	 
	 

	 	Effective Date
	 	As defined in Article 2.3 hereof;
	 
	 	 	 	 
	 

	 	Shares
	 	As defined in the above Whereas B

 

 

	 	 	 	 	 
	 

	 	Shares Transfer
	 	As defined in Article 2.1 hereof;
	 
	 	 	 	 
	 

	 	PRC Law
	 	All PRC laws and regulations that are in effective;
	 
	 	 	 	 
	 

	 	Registration
	 	As defined in Article 3.2 hereof;
	 
	 	 	 	 
	 

	 	Approval

Authorities
	 	Any PRC governmental department or authority which
has the right to approve the Shares Transfer,
including without limitation, commercial
authorities, State-owned Assets Supervisory and
Regulatory bodies and local branches.
	 
	 	 	 	 
	 

	 	Approval
	 	As defined in Article 3.1 hereof;
	 
	 	 	 	 
	 

	 	Evaluation
	 	Evaluation of the Shares carried out by the
experts that are hired by the Seller in accordance
with the PRC Laws about state-owned assets
transfer;
	 
	 	 	 	 
	 

	 	Purchase Price
	 	As defined in Article 2.4 hereof;
	 
	 	 	 	 
	 

	 	USD
	 	The legal currency of United States; and
	 
	 	 	 	 
	 

	 	RMB
	 	The legal currency of PRC.

	 	1.2	 	Interpretations

	 
	 	 	 	All headings used herein are for reference purposes only and do not affect the
meaning or interpretation of any provision hereof. Any reference herein to an
Article or Appendix is to an article or appendix of this Agreement. Unless
otherwise indicated, a reference herein to a day, month or year is to a calendar
day, month or year. A reference to a Business day is to any day that is not a
Saturday, Sunday or the national holiday stipulated by the PRC State Council unless
the business days and non-business days before or after a legal holiday are
exchanged by provisions of State Council.

 

 

	2.	 	Shares Transfer

	 	2.1	 	Sales and Transfer

	 
	 	 	 	Pursuant to the terms and conditions hereof, the Seller hereby agrees to transfer
to the Purchaser or its designated affiliate the Shares without right limitations
or pledges, and the Purchaser or its designated affiliate agrees to accept such
transfer (Shares Transfer). From the Effective Date hereof, the Seller is no longer
entitled to or takes any responsibility for the Shares, while the Purchaser or its
designated affiliate shall be entitled to the interests and rights of the Shares
and take the obligations of the Shares.

	 
	 	2.2	 	Condition

	 
	 	 	 	At the signing of this Agreement, the Purchaser relies precisely on the
representations and warranties about the Company and Shares Transfer made in
Article 4 hereof.

	 
	 	2.3	 	Effective Date

	 
	 	 	 	This Agreement represents both Parties’ intentions pertaining to the Shares
Transfer and is entered by signing of the both parties’ authorized representatives
and chopping the Seller’s company stamp. This Agreement takes effect on the date
the Approval Authorities’ Approval (Effective Date). The Term of this Agreement
shall commence from the Effective Date through the date on which all obligations
hereof are performed. The representations and warranties of the Seller in Article 4
hereof shall survive the termination of this Agreement and remain in effect within
1 year after completing the registration of alteration.

	 
	 	2.4	 	Consideration and Payment

	 	2.4.1	 	The Seller has had qualified state-owned assets evaluation
agencies perform an evaluation for the Shares before the signing of this
Agreement. According to the evaluation report from such agency (please refer
to the appendix hereof for details), the Purchaser or its designated affiliate
agrees to purchase, and the Seller agrees to sell the Shares at the price paid
in US dollars equivalent to RMB 63 million (Purchase Price).

 

 

 

	 	2.4.2	 	The above mentioned Purchase Price shall be paid by the
Purchaser or its designated affiliate to the bank account designated by Seller
as follows:

	 	2.4.2.1	 	Within 10 business days after the signing of this Agreement, the
Purchaser or its designated affiliate shall pay the Purchase Price
(in US Dollars equivalent to RMB 63 million) to the Hong Kong bank
account designated by the Seller at the Central Parity Rate issued by
the BOC on payment making day. The Seller shall provide the Purchaser
or its designated affiliate with a written authorization letter which
authorized the Purchase Price to be paid to the above bank account;

	 
	 	2.4.2.2	 	Within 5 business days after the Effective Date, the Seller
shall remit the Purchase Price (US Dollars equivalent to RMB 63
million) to the overseas bank account designated by the Purchaser or
its designated affiliate. The returned US Dollars shall be equal to
the US Dollars remitted by the Purchaser or its designated affiliate
to a bank account in China designated by the Seller which is approved
by the State Administration of Foreign Exchange; within 20 business
days after the Effective Date, the Purchaser or its designated
affiliate shall remit the Purchase Price (US Dollars equivalent to
RMB 63 million that is approved by the Administration of Foreign
Exchange) to the bank account in China designated by the Seller.

	 
	 	2.4.2.3	 	In the event that the above Purchase Price cannot be timely
returned to the overseas bank account designated by the Purchaser or
its designated affiliate due to the Seller’s reason, which results in
the delay of the Purchaser or its designated affiliate’s performance
of payment obligation set forth in above 2.4.2.2 hereof, the delay
shall not be deemed as a breach of the Purchaser or its designated
affiliate; the Purchaser or its designated affiliate will not assume
any breach responsibility. The exchange rate loss caused during the
delay shall be borne by the Seller. The Purchaser or its designated
affiliate shall be responsible for the payment at the central parity
rate issued by the BOC on the actual payment day.

 

 

	3.	 	Approval, Registration and Necessary Agreement

	 	3.1	 	Approval

	 
	 	 	 	The Seller shall summit all necessary documents to the Approval Authority for Share
Transfer approval (“Approval”) within 5 days after the signing of this Agreement,
including but not limited to:

	 	3.1.1	 	this Agreement regarding to the Share Transfer, entered by
both parties;

	 
	 	3.1.2	 	related approval documents signed by the Seller’s governing
state asset supervision & management department: China Youth Travel Service,
Headquarter for the Share Transfer under this Agreement;

	 
	 	3.1.3	 	the Asset Evaluation Report attached hereto;

	 
	 	3.1.4	 	waiver in writing made by all other shareholders in the
Company to waive their right to propose any preemptive right to the Purchaser
or its designated affiliate for the Share Transfer under this Agreement, as
well as Share Transfer approval made by the Company;

	 
	 	3.1.5	 	BOD resolution about the approval of the Share Transfer;

	 
	 	3.1.6	 	the Articles of Association (amendment) and joint-venture
contract (modified) which involved with the Share Transfer;

	 
	 	3.1.7	 	all other necessary documents required for the Approval.

	 	3.2	 	Registration

	 
	 	 	 	The Seller shall submit all necessary documents to the Approval Authority for Share
Transfer registration (“Registration”) within 5 business days after obtaining the
Approval, including but not limited to:

	 	3.2.1	 	the approval documents made by the Approval Authority in
agreeing the Share Transfer and the approval certificate which indicate the
Purchaser or its designated affiliate to be the Company’s shareholders;

	 
	 	3.2.2	 	all documents required for the Approval; and

	 
	 	3.2.3	 	all other necessary documents required for the
Registration.

 

 

	 	3.3	 	Coordinating Liability of the Purchaser

	 	3.3.1	 	The Purchaser and/or its designated affiliate shall
coordinate the Seller for the Approval and Registration of the Share Transfer,
including but not limited to directly or indirectly participating in the
Approval and/or Registration process.

	 
	 	3.3.2	 	The Purchaser and/or its designated affiliate shall help
the Seller finish related payment process of the Purchasing Price under
Article 2.4 hereof.

	 	3.4	 	Approval and Registration Documents

	 
	 	 	 	Upon the consummation of Approval and Registration, the Seller shall deliver to the
Purchaser or its designated affiliate all documents and certificates which are
required for Approval and Registration, including but not limited to the modified
Company approval certificate, business license, joint-venture contract,
shareholders’ list and Articles of Association.

	 	3.5	 	Other

	 	3.5.1	 	If the changes of P.R.C law or according to the Approval
Authority’s latest requirement after signing of this Agreement, the Share
Transfer is required to go through public listing process in Beijing Equity
Exchange or other equity exchange (“Equity Exchange”), the Seller shall: (i)
completely recognize the capability and conditions of Shares purchased by
Purchaser or its designated affiliate, and acknowledge, when submitting
necessary documents indicating the Purchaser’s required conditions to the
Equity Exchange, such documents shall firstly be approved by the Purchaser or
its designated affiliate in writing; (ii) be responsible to go through all
related applying process and formalities, and each of the Seller and
Purchaser shall be liable to their own equity transaction fees arising from
it. The Purchaser and/or its designated affiliate shall offer timely
coordination during the above applying process.

	 	3.5.2	 	If the Share Transfer is required to go through public
listing process in Equity Exchange, within 5 business days after the Shares
publicly listed in Equity Exchange, the Seller shall remit US Dollars
equivalent to RMB 63 million to the overseas bank account designated by the
Purchaser or its designated affiliate with the exchange rate referred to the
Central Parity Rate issued by the Bank of China at then day; within 5
business days after the Purchase Price is remitted to the Purchaser or its
designated affiliate, the
Purchaser or its designated affiliate shall remit Purchase Price to the
settling account designated by Equity Exchange in accordance with its
requirements.

 

 

	 	3.5.3	 	For the purpose of effectively consummating the
transactions hereunder, where the Seller requests the Purchaser or its
affiliate to offer coordination, or the Purchaser or its affiliate make
requirements to the Seller, the required/requested party shall promptly reply
and provide substantive response within 48 hours.

	4.	 	Representations and Warranties

	 	4.1	 	The Seller

	 
	 	 	 	The Seller represents and warrants to the Purchaser that:

	 	4.1.1	 	it has full capacity and authority to execute this Agreement
and to consummate the transactions contemplated hereunder;

	 
	 	4.1.2	 	this Share Transfer has been approved by the Seller’s
governing state asset supervision & management department: China Youth Travel
Service, Headquarter (approve the Purchaser or its affiliate to be the
exclusive transaction subject of this Share Transfer); the parties may
transfer Shares under this Agreement and go though relevant Approval and
Registration formalities;

	 
	 	4.1.3	 	the Shares have been appraised by applicable P.R.C laws that
are related to the state asset management.

	 
	 	4.1.4	 	this Agreement constitutes legal and binding liability on
the Seller, and shall be enforceable subject to the provisions hereof.

	 
	 	4.1.5	 	the execution, delivery, and performance of this Agreement
and any related document to which they are a party will not contravene,
conflict with, or result in a violation of any provision of any contract,
agreement, understanding, other legal arrangement, laws, or orders to which
the party is subject.

 

 

	 	4.1.6	 	it has obtained all necessary documents concerning the
signing, delivery and performance of this Agreement and other business matters
hereunder, including but not limited
to the BOD approval of the Company and the Shareholders’ approval of the
Seller;

	 
	 	4.1.7	 	there shall be no right limitation, mortgage or any third
party right upon the Share; and

	 
	 	4.1.8	 	to the Seller’s acknowledgement:

	 	4.1.8.1	 	the company has accurately recorded its financial status in the
accounting book on the date indicated at the front page;

	 
	 	4.1.8.2	 	the Company has not violated any provision of the P.R.C Law; and

	 
	 	4.1.8.3	 	there is no pending proceedings, third party claims, orders or
investigation against the Company from any third party, court,
government authority or arbitration authority.

	 	4.2	 	The Purchaser

	 
	 	 	 	The Purchaser represents and warrants to the Seller that:

	 	4.2.1	 	it has full capacity and authority to execute this Agreement
and to consummate the transactions contemplated hereunder;

	 
	 	4.2.2	 	it has obtained all necessary documents concerning the
signing, delivery and performance of this Agreement and other business matters
hereunder, including but not limited to the BOD approval;

	 
	 	4.2.3	 	the execution, delivery, and performance of this Agreement
and any related documents to which they are a party will not contravene,
conflict with, or result in a violation of any provision of any contract,
agreement, understanding, other legal arrangement, laws, or orders to which it
is subject to.

	5.	 	Breach

	 	5.1	 	Events of Breach

	 
	 	 	 	The occurrence of any one or more of the following events shall constitute a breach
of this Agreement:

	 	5.1.1	 	any party violates any material provision hereof or fails to
perform in any material respect its obligations hereunder, and such breach or
nonperformance has not been remedied for a period of 10 days after receipt of
the written notice from another party requesting such remedy; or

	 	5.1.2	 	any representation or warranty made by any party herein
proved to be false or misleading in any material respect.

 

 

	 	5.2	 	Liabilities for Breach

	 
	 	 	 	Where any party commits a breach of this Agreement, it shall be liable to
compensate the other party for any and all damages arising from the breach, not
including, however, indirect or consequential damages.

	6.	 	Special Agreements

	 	6.1	 	Unless otherwise stipulated herein, the Purchaser or its designated
affiliate shall not request the Purchase price paid for Share Transfer to be refunded
by the Seller.

	 
	 	6.2	 	In case failure of the Approval, Registration or Actions by the Equity
Exchange due to reasons other than those set forth in Article 3.1, 3.2 or 3.5 results
in the Seller or its designated affiliate’s failure to be new shareholder of the
Company, the Seller and Purchaser or its designated affiliate shall use their best
efforts to resolve the issue; in the event that it will not be resolved within 15
days since the above mentioned failure happened, the Seller shall cause the company
to sign a Asset Transfer Agreement, of which forms and contents satisfy the Purchaser
or its designated affiliate. In accordance with such Asset Transfer Agreement, Seller
shall cause the Company to transfer RMB 63,000,000 equivalent asset (total asset of
the Company is RMB 105,000,000), which shall be remitted directly to the bank account
designated by the Company from the Purchaser or its designated affiliate. In case
that the Purchase Price remitted to the Seller’s Hong Kong bank account, fails to be
refunded to Purchaser or its designated affiliate, due to Seller’s reason, it should
not be considered breaching of the Agreement if the Purchaser or its designated
affiliate postpone or decline to make the payment. In that case, it should be deemed
that the Purchaser or its designated affiliate has performed their Purchase Price
payment obligation.

 

 

	7.	 	Miscellaneous

	 	7.1	 	Notice and Receipt

	 
	 	 	 	All notices and communications between the parties shall be made in writing and in
the Chinese and/or Chinese languages by fax, delivery in person (including courier
service) or registered mail to the address set forth below:

	 	 	 	 	 
	 

	 	Seller:
	 	 Zhongqing Chuangyi Investment Management Co., Ltd.
	 

	 	Address:
	 	 Room 305, Unit B,
Building No.9, (Huayuan Qiye), Beizhan Beijie, Xicheng District, Beijing
	 
	 	 	 	 
	 

	 	Tel:
	 	 (010) 88320832
	 

	 	Fax:
	 	 (010) 88320833
	 

	 	Attention:
	 	 Chi Shaoping
	 
	 	 	 	 
	 

	 	Purchaser:
	 	 Longtop Financial Technologies Limited
	 

	 	Address:
	 	 Room A, 10/F, City Garden, Dianqi Avenue, NorthPoint, HongKong
	 

	 	Tel:
	 	 852-28872506
	 

	 	Fax:
	 	 852-28562193
	 

	 	Attention:
	 	 Zhao Wei

	 	7.2	 	Time of Receipt.

	 
	 	 	 	The time of receipt of the notice or communication shall be deemed to be:

	 	7.2.1	 	the time set forth in the transmission journal in the case
of a facsimile transmission, unless such facsimile transmission is sent after
5:00 p.m., or local date of the receiver is not a Business day, in which
event the date of receipt shall be deemed to be the following Business day in
the place of receipt;

	 
	 	7.2.2	 	the time of signing of a receipt by the receiving party in
the case of delivery in person (including courier service); and

	 
	 	7.2.3	 	10 (ten) days from that shown on the official postal receipt
in the case of registered mail.

 

 

	 	7.3	 	Amendment.

	 
	 	 	 	This Agreement can only be waived, modified or altered through written agreements
signed by both parties. (Such written agreements shall be attached hereto as an
appendix.)

	 
	 	7.4	 	No Waiver.

	 
	 	 	 	Failure or delay on the part of any party to exercise any right under this
Agreement shall not operate as a waiver thereof.

	 
	 	7.5	 	Severability.

	 
	 	 	 	The invalidity of any provision of this Agreement shall not affect the validity of
any other provision of this Agreement which is unrelated to that provision.

	 
	 	7.6	 	Continue in Effect

	 
	 	 	 	In the event of termination of this Agreement for any reason,
confidentiality obligations under this Agreement of both parties shall be in
full effect for 5 (five) years.

	 
	 	7.7	 	Taxation

	 
	 	 	 	Unless otherwise stipulated herein, all stamp duty, government expenses, taxations,
remit charge and other reasonable expenses (including reasonable lawyer’s fee)
shall be borne respectively by the Seller or Purchaser or its designated affiliate.

	 
	 	7.8	 	Successors

	 
	 	 	 	This Agreement shall continue to be legally binding on the
respective successors and assignee (if any) of the parties hereof.

	 
	 	7.9	 	Governing Law.

	 
	 	 	 	This Agreement shall be executed, interpreted and performed and
takes effect according to the PRC Law.

 

 

 

	 
	 	7.10	 	Arbitration

	 	7.10.1	 	Any dispute arising out of or in connection with this Agreement shall be
firstly settled through friendly consultation.

	 
	 	7.10.2	 	If the dispute cannot be resolved within 30 days after the commencement of
consultations, either party may submit the dispute to arbitration as follows:

	 	7.10.2.1	 	All disputes arising out of or in connection with this Agreement
shall be finally settled under the applicable rules of Beijing
Arbitration Commission by sole arbitrator appointed in accordance
with those rules; and

	 
	 	7.10.2.2	 	The arbitration shall be held in Beijing and conducted in the
Chinese language, with the arbitral award being final and binding
upon the parties. The cost of arbitration shall be allocated as
determined by the arbitrator.

	 	7.10.3	 	When any dispute is submitted to arbitration, the parties shall continue to
perform this Agreement.

	 	7.11	 	Language

	 
	 	 	 	This Agreement has been prepared in 4 (four) sets of originals, with 1 (one) for
each party, and 2 (two) sets submitted for governmental approval authority approval
and registration.

[The space below is intentionally left blank.]

 

 

IN WITNESS WHEREOF, both parties have arranged for this Agreement to be signed by their duly
authorized representatives on the date first indicated above.

Zhongqing Chuangyi Investment

Management Co., Ltd. (SEAL)

	 	 	 	 	 
	Signature:

	 	/s/ Qi Ding
 

Name:
	 	 
	 

	 	Title:	 	 

Longtop Financial Technologies Limited (SEAL)

	 	 	 	 	 
	Signature: 
	/s/ Wai Chau Lin	 	 
	 
	Name:	 Wai Chau Lin
	 	 
	 

	Title:	  Chief Executive OfficerExhibit 10.2

Exhibit 10.2

UNITED STATES DEPARTMENT OF THE TREASURY

1500 Pennsylvania Avenue, NW

Washington, D.C. 20220

June 24, 2009

Ladies and Gentlemen:

Reference is made to the redemption of preferred shares as of the date set forth on Schedule A hereto (the
“Preferred Shares”), by the company set forth on Schedule A hereto (the “Company”).

The Company has completed the redemption of all of the Preferred Shares issued to the United States Department of
the Treasury (the “Investor”) pursuant to the Securities Purchase Agreement dated November 21, 2008 between the Company
and the Investor. Following such time, the Company delivered a Warrant Repurchase Notice dated as of the date set
forth on Schedule A hereto to the Investor. In connection with the consummation, on the date hereof, of the repurchase
of the Warrant by the Company from the Investor, as contemplated by the Warrant Repurchase Notice and Section 4.9 of
the Securities Purchase Agreement:

(a) The Company hereby acknowledges receipt from the Investor of the Warrant; and

(b) The Investor hereby acknowledges receipt from the Company of a wire transfer to the account of the
Investor set forth on Schedule A hereto in immediately available funds of the aggregate purchase price set
forth on Schedule A hereto, representing payment in full for the Warrant, determined in accordance with
Section 4.9 of the Securities Purchase Agreement.

This letter agreement will be governed by and construed in accordance with the federal law of the United States if
and to the extent such law is applicable, and otherwise in accordance with the laws of the State of New York applicable
to contracts made and to be performed entirely within such State.

This letter agreement may be executed in any number of separate counterparts, each such counterpart being deemed
to be an original instrument, and all such counterparts will together constitute the same agreement. Executed
signature pages to this letter agreement may be delivered by facsimile and such facsimiles will be deemed sufficient as
if actual signature pages had been delivered.

UST Seq. No. 9

 

1

 

In witness whereof, the parties have duly executed this letter agreement as of the date first written above.

UNITED STATES DEPARTMENT OF THE TREASURY

By:/s/ Duane Morse

Name: Duane Morse

Title: Chief Risk and Compliance Officer

FIRST NIAGARA FINANCIAL GROUP, INC.

By:/s/ John Mineo

Name: John Mineo

Title: General Counsel & Corporate Secretary

UST Seq. No. 9

 

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