Document:

Exhibit 10.40

 

Power of Attorney

 

Date: May 14, 2018

 

The undersigned, Suzhou Industrial Park Yuanhe Nanshan Equity Investment Partnership (the “Principal”), a limited partnership established in the People’s Republic of China (the “PRC”), with Unification Code No. 91320594MA1P511G9K, holding 0.526% of the entire registered capital (the “Equity”) of Wuhan Douyu Internet Technology Co. Ltd. (“Wuhan Douyu”), hereby irrevocably authorize: (i) Wuhan Douyu Culture Network Technology Co., Ltd. (the “WFOE”) and (ii) the directors designated by the WFOE and their successors (including any liquidator who replaces such directors) (and the foregoing persons referred to in item (i) and (ii) above are hereinafter collectively referred to as the “Attorney”), to exercise the following rights with respect to the Equity during the term of this Power of Attorney:

 

The WFOE is hereby authorized to act as the Principal’s sole and exclusive proxy and attorney on the Principal’s behalf with respect to all matters relating to the Equity, including but not limited to: (1) proposing, convening and attending Wuhan Douyu’s shareholders’ meeting; (2) exercising all shareholder’s rights and voting rights enjoyed by the Principal under the PRC laws and the articles of association of Wuhan Douyu, including, without limitation, voting on the sale, transfer, pledge or disposition of the Equity, in whole or in part, or executing and delivering any written resolution in the name of and on behalf of the Principal, and/or receiving Wuhan Douyu’s dividends or any other form of distribution; and (3) designating and appointing the legal representative (chairman of the board of directors), directors, supervisors, chief executive officer (or manager) and other senior officers of Wuhan Douyu on  the Principal’s behalf.

 

Without limiting the generality of the power granted hereunder, the WFOE shall have the power and authorization hereunder to enter into the Transfer Contract set forth in the Exclusive Option Agreement on the Principal’s behalf to the extent that the Principal is required to be a party thereto, and perform the terms of the Share Pledge Agreement and the Exclusive Option Agreement, of even date herewith, to which the Principal is a party.

 

All the actions of the WFOE in relation to the Equity shall be deemed as the Principal’s own actions, and all documents executed by the WFOE shall be deemed to be executed by the Principal itself. The WFOE may decide at its sole and absolute discretion when conducting all such actions, without securing prior consent from the Principal  (but prior written notice to the Principal), and the Principal hereby acknowledges and authorizes such actions and/or documents taken and executed by the WFOE, and accepts and assumes the legal consequence arising out of such actions and/or documents, except for those actions which the Principal has reasonable grounds to believe that the WFOE has any willful misconduct or gross negligence or has violated applicable laws and regulations, which causes material adverse effect on relevant interests of the Principal in Wuhan Douyu and has not been corrected within a reasonable time limit.

 

The WFOE shall have the right to delegate or assign, at its own discretion, its rights relating to the matters above to any other person or entity, without securing prior consent from the Principal, but prior notice to the Principal.

 

As long as the Principal is a shareholder of Wuhan Douyu, this Power of Attorney and the power granted hereunder shall be coupled with interest and irrevocable and be continuously effective  from the date hereof.

 

 

The Principal hereby waives, and shall not exercise in person, all rights granted to the WFOE relating to the Equity hereunder during the term of this Power of Attorney.

 

This Power of Attorney is written in Chinese.

 

(The remainder of this page is intentionally left blank.)

 

 

[Signature Page to the Power of Attorney]

 

Suzhou Industrial Park Yuanhe Nanshan Equity Investment Partnership (seal)

 

/s/ Seal of Suzhou Industrial Park Yuanhe Nanshan Equity Investment Partnership

 

	
By:
    	
/s/ Jia He
    	
 
    
	
Name: Jia HeExhibit 10.41

 

Power of Attorney

 

	
 
    	
Date:   May 29, 2018
    

 

I, Shaojie Chen (the “Principal”), a citizen of the People’s Republic of China (the “PRC”), with ID Card No. of [           ], holding 100% of the entire registered capital (the “ Equity”) of Wuhan Ouyue Online TV Co., Ltd. (“Wuhan Ouyue”), hereby irrevocably authorize: (i) Wuhan Douyu Culture Network Technology Co., Ltd. (the “WFOE”) and (ii) the directors designated by the WFOE and their successors (including any liquidator who replaces such directors) (and the foregoing persons referred to in item (i) and (ii) above are hereinafter collectively referred to as the “Attorney”), to exercise the following rights with respect to the Equity during the term of this Power of Attorney:

 

The WFOE is hereby authorized to act as the Principal’s sole and exclusive proxy and attorney on the Principal’s behalf with respect to all matters relating to the Equity, including but not limited to: (1) proposing, convening and attending Wuhan Ouyue’s shareholders’ meeting; (2) exercising all shareholder’s rights and voting rights enjoyed by the Principal under the PRC laws and the articles of association of Wuhan Ouyue, including, without limitation, voting on the sale, transfer, pledge or disposition of the Equity, in whole or in part, or executing and delivering any written resolution in the name of and on behalf of the Principal, and/or receiving Wuhan Ouyue’s dividends or any other form of distribution; and (3) designating and appointing the legal representative (chairman of the board of directors), directors, supervisors, chief executive officer (or manager) and other senior officers of Wuhan Ouyue on  the Principal’s behalf.

 

Without limiting the generality of the power granted hereunder, the WFOE shall have the power and authorization hereunder to enter into the Transfer Contract set forth in the Exclusive Option Agreement on the Principal’s behalf to the extent that the Principal is required to be a party thereto, and perform the terms of the Share Pledge Agreement and the Exclusive Option Agreement, of even date herewith, to which the Principal is a party.

 

All the actions of the WFOE in relation to the Equity shall be deemed as the Principal’s own actions, and all documents executed by the WFOE shall be deemed to be executed by the Principal itself. The WFOE may decide at its sole and absolute discretion when conducting all such actions, without securing prior consent from the Principal  (but prior written notice to the Principal), and the Principal hereby acknowledges and authorizes such actions and/or documents taken and executed by the WFOE, and accepts and assumes the legal consequence arising out of such actions and/or documents, except for those actions which the Principal has reasonable grounds to believe that the WFOE has any willful misconduct or gross negligence or has violated applicable laws and regulations, which causes material adverse effect on relevant interests of the Principal in Wuhan Ouyue and has not been corrected within a reasonable time limit.

 

The WFOE shall have the right to delegate or assign, at its own discretion, its rights relating to the matters above to any other person or entity, without securing prior consent from the Principal, but prior notice to the Principal.

 

As long as the Principal is a shareholder of Wuhan Ouyue, this Power of Attorney and the power granted hereunder shall be coupled with interest and irrevocable and be continuously effective  from the date hereof.

 

 

The Principal hereby waives, and shall not exercise in person, all rights granted to the WFOE relating to the Equity hereunder during the term of this Power of Attorney.

 

The Principal hereby undertakes not to take or cause Wuhan Ouyue to take any action against or inconsistent with the resolutions adopted by the board of directors or the general meeting of shareholders, which is organized by the Attorney through exercising of the shareholder’s rights, or, to take any action to question, challenge, contest or object to the Exclusive Business Cooperation Agreement between Wuhan Ouyue and the WFOE.

 

This Power of Attorney is written in Chinese.

 

(The remainder of this page is intentionally left blank)

 

 

Shaojie Chen

 

 

	
Signature:
    	
/s/   Shaojie ChenExhibit 10.42

 

Spousal Consent Letter

 

I, Li Gao, the undersigned (ID Card No. [          ]), as the legal spouse of Shaojie Chen (ID Card No. [          ]), hereby unconditionally and irrevocably agree on Shaojie Chen’s execution of the following documents (“Transaction Documents”) on January 10, 2019, and on the disposition of the equity in Wuhan Douyu Internet Technology Co. Ltd. (“Wuhan Douyu”) as held by and registered in the name of Shaojie Chen according to the provisions of the following documents:

 

(1)                                 The Share Pledge Agreement between Wuhan Douyu Culture Network Technology Co., Ltd. (the “WFOE”) and Wuhan Douyu;

 

(2)                                 The Exclusive Option Agreement between the WFOE and Wuhan Douyu; and

 

(3)                                 The Power of Attorney signed by Shaojie Chen.

 

I hereby unconditionally and irrevocably undertake that the equity as Shaojie Chen directly or indirectly holds in DouYu International Holdings Limited (“Cayman Company”) and Wuhan Douyu and any other interest (if any) in the subsidiaries of the foregoing entities (collectively “Target Equity”), is personal property of Shaojie Chen and not part of the marital or community property. I have no right or interest in or to the Target Equity and will never make in the future any claim with respect to the Target Equity or the carried interest thereof. Shaojie Chen has the exclusive and full voting rights and right of disposition with respect to the Target Equity, and I shall raise no objection to the exercise of such rights by Shaojie Chen, and will not take any action which may affect or impede Shaojie Chen’s performance of the obligations under the Transaction Documents. I further confirm that Shaojie Chen’s performance of the Transaction Documents and further amendment to or termination of the Transaction Documents require no additional authorization or consent from me.

 

I hereby unconditionally and irrevocably undertake that I will sign all necessary documents and take all necessary actions to ensure the proper performance of the Transaction Documents (as may be amended from time to time).

 

In case of division of marital or community property between Shaojie Chen and me due to divorce, I and Shaojie Chen shall make our best efforts to negotiate in good faith to properly settle the division of marital or community property, which shall have no adverse effect on the normal operation of Wuhan Douyu.

 

I hereby unconditionally and irrevocably agree and undertake not to act in conflict with the arrangements under the Transaction Documents or this Consent Letter at any time. I agree and undertake that if I obtain any equity of Wuhan Douyu held by Shaojie Chen due to any reason, I shall be bound by the Transaction Documents (as may be amended from time to time) and the Exclusive Business Cooperation Agreement executed by and between the WFOE and Wuhan Douyu on May 14, 2018 (the “Exclusive Business Cooperation Agreement”), and comply with the obligations of a shareholder of Wuhan Douyu under the Transaction Documents (as may be amended from time to time) and the Exclusive Business Cooperation Agreement, and for this purpose, once required by the WFOE, I shall sign a series of written instruments in the form and substance substantially identical to the Transaction Documents (as may be amended from time to time) and the Exclusive Business Cooperation Agreement.

 

 

	
 
    	
Li   Gao
    
	
 
    	
 
    
	
 
    	
Signature: 
    	
/s/ Li Gao
    
	
 
    	
 
    	
 
    
	
 
    	
Date:   January 10, 2019

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