Document:

emrd_ex102.htm

EXHIBIT 10.2
  
 RESIGNATION FROM 
 THE BOARD OF DIRECTORS
 AND ALL OFFICER POSITIONS 
 OF
 BOATIM INC. (aka EMERALD DATA INC.)
  
 The following is a true copy of the resolution duly adopted by the Board of Directors of the Corporation at a special meeting, notice to this meeting having been waived, held on the 29th day of April, 2019.
  
 WHEREAS the undersigned was appointed as Director of the Corporation and has served in said capacity to date, he has determined at this time to formally RESIGN and renounce all further corporate designation or affiliation with EMERALD DATA INC. and hereby formally RESIGNS, and severs any and all official ties, duties, obligations or liabilities regarding EMERALD DATA INC., and, by affixing, his signature hereto, officially as his last corporate act, DOES HEREBY RESIGN. This Resignation is not the result of any dispute with management. In addition, the undersigned hereby formally RESIGNS from his positions as CEO and President of the Corporation.
  
 The Board shall choose a new Director at a time and place of its choosing.
  
 DATED: 29th April, 2019
  
  	 /s/ Yves Tolderer
	  

  
 Yves ToldererExhibit
4.11

 

English
Translations for Reference

  

SHARE
PURCHASE AND SALE AGREEMENT

 

This
Purchase and Sale Agreement (this “Agreement”), dated as of June 14, 2018 (the “Signing Date”),
is between Joy Magnificent Limited, a company organized under the laws of British Virgin Islands, representing employees, entrepreneurs,
management and certain board directors of the company (the “Purchaser”), and Master Trend Limited, a company
organized under the laws of Hong Kong (the “Seller”).

 

WHEREAS,
on the terms and conditions set forth in this Agreement, the Seller desires to sell, and the Purchaser desires to purchase 8,500,000
American Depositary Shares (the “ADS”) or 170,000,000 ordinary shares of Fanhua Inc., a Cayman Islands exempted company
(the “Company”), par value US$0.001 per share (the “Securities”).

 

NOW
THEREFORE, the parties hereby agree as follows:

 

Section
I

PURCHASE AND SALE OF SECURITIES

 

1.01 Sale
of Securities. Subject to the terms and conditions of this Agreement, and in reliance upon the representations and
warranties set forth herein, the Seller agrees to sell, assign, transfer and deliver to the Purchaser the Securities, and the
Purchaser agrees to purchase the Securities.

 

1.02 Total
Purchase Price.  The consideration payable by the Purchaser to the Seller with respect to each Purchase Share shall
be US$1.45 per Ordinary Share (the “Per Share Purchase Price,” and the aggregate amount of consideration U$246.5million
to be paid by the Purchaser hereunder, the “Purchase Price”).

 

1.03 Closing

 

(a) Upon
the terms and subject to the conditions of this Agreement, the closing (the “Closing”) of the purchase and
sale of the Securities shall occur remotely via the exchange of documents and signatures on or prior to December 31, 2018 (the
“Closing Deadline”), or any other date and time that is agreed upon in writing by the Seller and the Purchaser
(the “Closing Date”).

 

(b) At
the Closing, the Purchaser shall deliver the Purchase Price to the Seller by wire transfer in immediately available funds, and
the Seller shall use its best effort to cause the register of members of the Company (or the register of ADS holders with the
ADS depositary) be updated to reflect the Securities being delivered to the Purchaser so that the Purchaser shall have the rights
of a shareholder of the Company (or an ADS holder, as the case may be) and have full title and rights to any Securities that have
been delivered, including but not limited to, the rights to dividends and distributions, voting rights, rights of disposal and
entitlements to any and all economic benefits.

 

(c) The
Seller agrees that it shall not, without the prior written consent of the Purchaser, offer, pledge, sell, contract to sell or
otherwise dispose of or transfer, directly or indirectly, any of the Securities other than to the Purchaser, subject to Section
1.03(a).

   

     

     

    

 

Section
II

REPRESENTATIONS AND WARRANTIES OF THE SELLER

 

2.01 In
order to induce the Purchaser to purchase the Securities, the Seller represents and warrants to the Purchaser as follows on each
of the Signing Date and delivery dates:

 

(a) Existence.
The Seller is duly organized and validly existing under the laws of the jurisdiction of its formation, and has full power and
authority to sell the Securities and to enter into and perform its obligations under this Agreement.

 

(b) Authorization.
The execution and delivery of this Agreement by the Seller and the consummation by the Seller of the transactions contemplated
by this Agreement have been duly authorized by all necessary partnership or limited liability company (as applicable) action on
the part of the Seller. No consent, approval, license from, or exemption of, and no registration, qualification, designation,
declaration or filing with, any court or governmental department, commission, board, bureau, agency or instrumentality, or any
other party, which has not been obtained as of the date hereof, is or will be necessary for the valid execution and delivery by
the Seller of this Agreement, or the consummation by the Seller of the transactions contemplated by this Agreement.

 

(c) No
Conflict with Other Instruments. Neither the execution and delivery by the Seller of this Agreement, the consummation
by the Seller of the transactions contemplated by this Agreement, nor the compliance by the Seller with the terms and conditions
of this Agreement, will (i) violate any provision of the Seller’s organizational documents, as amended to date; (ii) violate
or conflict with or result in a breach of any law, regulation, order, writ, injunction or decree of any court, arbitrator or governmental
instrumentality to which the Seller is bound; or (iii) violate or be in conflict with, or constitute a default (or an event which,
with notice or lapse of time or both, would constitute a default) under, or entitle any party to terminate any or all of the provisions
of, or cause the acceleration of or entitle any party to accelerate the performance required by, or cause the acceleration of
or entitle any party to accelerate the maturity of any debt or obligation pursuant to, any contract, agreement, arrangement, commitment
or restriction of any kind to which the Seller is a party or by which the Seller is bound.

 

(d) Validity
and Binding Effect. This Agreement has been duly and validly executed and delivered by the Seller; and this Agreement
constitutes the legal, valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms,
except as the enforceability of this Agreement may be limited by bankruptcy, insolvency or other similar laws of general application
affecting the enforceability of creditors’ rights generally, or by general principles of equity.

 

(e) Title
to Securities. The Seller owns, and has valid title to, the Securities being sold by the Seller to the Purchaser free
and clear of all rights, liens, charges, encumbrances, guarantees, pledges, options, or other restrictions of any kind (“Liens”),
other than restrictions imposed under applicable securities laws and restrictions created by the Purchaser. Upon the Seller’s
delivery of executed share transfer forms to the Purchaser as set forth in Section 1.03, the Purchaser will acquire valid title
to such Securities free and clear of all Liens, other than restrictions imposed under applicable securities laws and restrictions
created by the Purchaser.

 

 

(f) Litigation.
There is no (i) action, suit, claim, proceeding or investigation pending or, to the Seller’s knowledge, threatened against
or affecting, the Seller, at law or in equity, or before or by any federal, state, municipal or other governmental department,
commission, board, bureau, agency or instrumentality, domestic or foreign, (ii) arbitration proceeding relating to the Seller,
or (iii) governmental inquiry pending, or to the Seller’s knowledge threatened, against or affecting the Seller, any of
which, if adversely determined, would invalidate or prevent the performance by the Seller of the transactions contemplated by
this Agreement.

 

2.02 No
Other Representations or Warranties. Except for the representations and warranties contained
in Section 2.01, the Seller makes no express or implied representation or warranty to the Purchaser.

  

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Section
III

REPRESENTATIONS, WARRANTIES OF THE PURCHASER

 

3.01 In
order to induce the Seller to sell the Securities, the Purchaser represents and warrants to the Seller as follows on each of the
Signing Date and payment dates:

 

(a) Existence.
The Purchaser is a corporation duly organized and validly existing under the laws of the jurisdiction of its formation, and has
full power and authority to acquire the Securities and to enter into and perform its obligations under this Agreement.

 

 (b) Authorization.
The execution and delivery of this Agreement by the Purchaser and the consummation by the Purchaser of the transactions contemplated
by this Agreement have been duly authorized by all necessary corporate action on the part of the Purchaser. No consent, approval,
license from, or exemption of, and no registration, qualification, designation, declaration or filing with, any court or governmental
department, commission, board, bureau, agency or instrumentality, or any other party, which has not been obtained as of the date
hereof, is or will be necessary for the valid execution and delivery by the Purchaser of this Agreement, or the consummation by
the Purchaser of the transactions contemplated by this Agreement.

 

(c) No
Conflict with Other Instruments. Neither the execution and delivery by the Purchaser of this Agreement, the consummation
by the Purchaser of the transactions contemplated by this Agreement, nor the compliance by the Purchaser with the terms and conditions
by this Agreement, will (i) violate any provision of the Purchaser’s articles of association or by-laws, in each case as
amended to date; (ii) violate or conflict with or result in a breach of any law, regulation, order, writ, injunction or decree
of any court, arbitrator or governmental instrumentality to which the Purchaser is bound; or (iii) violate or be in conflict with,
or constitute a default (or an event which, with notice or lapse of time or both, would constitute a default) under, or entitle
any party to terminate any or all of the provisions of, or cause the acceleration of or entitle any party to accelerate the performance
required by, or cause the acceleration of or entitle any party to accelerate the maturity of any debt or obligation pursuant to,
any contract, agreement, arrangement, commitment or restriction of any kind to which the Purchaser is a party or by which the
Purchaser is bound.

 

(d) Validity
and Binding Effect. This Agreement has been duly and validly executed and delivered by the Purchaser, and this Agreement
constitutes the legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its
terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of general application affecting
the enforceability of creditors’ rights generally, or by general principles of equity.

 

(e) Litigation.
There is no (i) action, suit, claim, proceeding or investigation pending or, to the Purchaser’s knowledge, threatened against
or affecting, the Purchaser, at law or in equity, or before or by any federal, state, municipal or other governmental department,
commission, board, bureau, agency or instrumentality, domestic or foreign, (ii) arbitration proceeding relating to the Purchaser,
or (iii) governmental inquiry pending, or to the Purchaser’s knowledge threatened, against or affecting the Purchaser, any
of which, if adversely determined, would invalidate or prevent the performance by the Purchaser of the transactions contemplated
by this Agreement.

 

(f) Securities
Law. The Purchaser is either (i) not a U.S. Person (as defined in Rule 902 of Regulation S under the Securities Act, as
amended (the “Securities Act”)) and is purchasing the Securities in an offshore transaction (as defined in
Rule 402 of Regulation S) or (ii) an “accredited investor” within the meaning in Rule 501 of Regulation D under the
Securities Act. The Purchaser has the knowledge, sophistication and experience necessary to make an investment decision like that
involved in the transactions contemplated hereunder and can bear the economic risk of its investment in the Securities.

 

3.02 No
Other Representations or Warranties. Except for the representations
and warranties contained in Section 3.01, the Purchaser makes no express or implied representation or warranty to the Seller.

 

Section
IV

MISCELLANEOUS

 

4.01 Survival.
All representations and warranties contained herein shall survive the execution
and delivery of this Agreement and the closing of the transaction contemplated hereby for a period of 36 months after January
15, 2015. All covenants and other agreements of the parties contained herein shall survive the execution and delivery of this
Agreement and the closing of the transaction contemplated hereby until fully performed or fulfilled.

  

    -3-

     

    

 

4.02 Entire
Agreement. This Agreement sets forth the entire agreement of the parties with respect to the subject matter hereof and
supersedes all prior agreements between them, whether written or oral, with respect to its subject matter.

 

4.03 Amendments.
Any amendment, supplement or modification of or to any provision of this Agreement, any waiver of any provision of this Agreement,
and any consent to any departure by the Purchaser or the Seller from the terms of any provision of this Agreement, shall be effective
(i) only if it is made or given in writing and signed by the Purchaser and the Seller, and (ii) only in the specific instance
and for the specific purpose for which made or given. Neither the Purchaser nor the Seller shall assign any of its rights or obligations
under this Agreement without the written consent of the other parties hereto.

 

4.04 Fees
and Expenses. Each of the parties hereto shall pay its own fees and expenses incurred in connection with this Agreement
or otherwise.

 

4.05 Public
Announcements. None of the Parties to this Agreement shall make, or cause to be made, any press release or public announcement
in respect of this Agreement or the transactions contemplated by this Agreement or otherwise communicate with any news media without
the prior written consent of the Company.

 

4.06 Governing
Law. This Agreement and the rights and obligations of the parties under it shall be governed by, and construed and enforced
in accordance with, the laws of the State of New York, without giving effect to the rules and principles of conflicts of laws
thereof.

 

4.07
Dispute Resolution. Any dispute, controversy or claim (each,
a “Dispute”)
arising out of or relating to this Agreement, or the interpretation, performance breach, termination, validity or invalidity thereof,
shall be referred to arbitration upon the demand of any party to the dispute with notice (the “Arbitration
Notice”) to the other parties.

 

(a) The
Dispute shall be settled in Hong Kong in a proceeding conducted in English by one (1) arbitrator from the Hong Kong International
Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered
Arbitration Rules (the “HKIAC Rules”) in force when the Arbitration Notice is submitted in accordance with
the HKIAC Rules.

 

(b) Each
party to the arbitration shall cooperate with each other party to the arbitration in making full disclosure of and providing complete
access to all information and documents reasonably requested by such other party in connection with such arbitral proceedings,
subject only to any confidentiality obligations binding on such party.

 

(c) The
award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing party may apply to a court
of competent jurisdiction for enforcement of such award.

 

(d) During
the course of the arbitral tribunal's adjudication of the Dispute, this Agreement shall continue to be performed except with respect
to the part in dispute and under adjudication.

 

4.08 Notices.
All notices, requests, demands, and other communications under this Agreement shall be in writing and shall be deemed to have
been duly given on the date of actual delivery if delivered personally to the party or parties to whom notice is to be given,
on the date sent if sent by telecopier, tested telex or prepaid telegram, on the next Business Day following delivery if sent
by courier or on the day of attempted delivery by postal service if mailed by registered or certified mail, return receipt requested,
postage paid, and properly addressed as follows:

 

	 	If to the Purchaser, at:	Joy Magnificent Limited
	 	 	27/F, Pearl River Tower,
	 	 	No. 15 West, Zhujiang Road
	 	 	Guangzhou, Guangdong 510623
	 	 	People’s Republic of China
	 	 	Attn:  Wang Jingxia
	 	 	 
	 	If to the Seller, at:	Master Trend Limited
	 	 	2907/F, Pearl River Tower,
	 	 	No. 15 West, Zhujiang Road
	 	 	Guangzhou, Guangdong 510623
	 	 	People’s Republic of China
	 	 	Attn: Lai Qiuping

 

Any
party may change its address for purposes of this Section 4.08 by giving the other parties hereto written notice of the new address
in the manner set forth above.

 

4.09 Counterparts;
Facsimile Execution. This Agreement may be executed in any number of counterparts, each of which when so executed and
delivered shall be deemed an original, but all of which together shall constitute one and the same instrument. For purposes of
this Agreement, a document (or signature page thereto) signed and transmitted by email or facsimile is to be treated as an original
document.

  

    -4-

     

    

 

IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

  

	 	Master
    Trend Limited
	 	 
	 	By:	 
	 	Name: 	Lai
    Qiuping
	 	Title:	Director

  

	 	Joy
    Magnificent Limited
	 	 
	 	By:	 
	 	Name:	Hu
    Yinan
	 	Title:	Director

 

 

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